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☆ Asia markets rise as Fed meeting looms; Japan and China economic data in focus
▼ + stars: | 2024-04-29 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

An employee works on the assembly line of intelligent machinery at a workshop on March 31, 2024 in Qingzhou, Weifang City, Shandong Province of China. Asia-Pacific markets climbed Monday as traders look toward the Federal Reserve's meeting this week, following another hotter-than-expected U.S. inflation reading Friday. March's core personal consumption expenditures, excluding food and energy, rose 2.8% from a year ago, and came in ahead of the 2.7% expected by Dow Jones. Personal spending rose 0.8%, ahead of a 0.7% estimate. In Asia, China's official purchasing managers index for April is expected Tuesday ahead of the Labor Day holiday on Wednesday, along with Japan's industrial production and retail sales data from March.

Persons: Dow Jones Organizations: Labor Locations: Qingzhou, Weifang City, Shandong Province, China . Asia, Pacific, Asia

☆ Treasury yields fall as investors look to Fed meeting
▼ + stars: | 2024-04-29 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

The 2-year Treasury yield was last more than one basis point lower to 4.9830%. U.S. Treasury yields declined on Monday as investors looked ahead to the Federal Reserve policy meeting and economic data scheduled for this week. Investors awaited the Federal Reserve's meeting, which is set to begin Tuesday and conclude with an interest rate decision and press conference about policymakers' discussions on Wednesday. While markets are widely expecting interest rates to remain unchanged, investors will be closely watching out for policy guidance from the central bank. This comes as recent economy data has suggested resilience from the economy and persistent inflationary pressures.

Persons: Dow Jones, payrolls Organizations: Treasury, U.S, Federal Reserve, Investors

☆ Oracle boosts its generative AI capabilities as cloud competition heats up
▼ + stars: | 2024-04-29 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +4 min

(Photo by PAU BARRENA / AFP) (Photo by PAU BARRENA/AFP via Getty Images)U.S. cloud infrastructure provider Oracle is boosting its generative AI capabilities as cloud competition intensifies and more companies jump into AI. Oracle has been introducing generative AI capabilities into its cloud infrastructure and applications to complement the traditional AI already embedded in them. The generative AI capabilities can perform tasks such as generating financial reports and drafting job ads, improving productivity and reducing business costs, Oracle said. JPMorgan has said generative AI and AI could drive incremental IT spending and growth across the software landscape. "Generative AI services [are] basically a huge advantage comparing with our competition.

Persons: PAU BARRENA, ChatGPT, Rondy Ng, it's, Ng, Dan Ives, Ellison, Ives, Larry Ellison, Gartner Organizations: Mobile World Congress, MWC, Getty Images, Oracle, CNBC, Wedbush Securities, JPMorgan Locations: Barcelona, AFP, U.S

☆ European markets head for higher open as traders look ahead to Fed meeting
▼ + stars: | 2024-04-29 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are heading for a positive open Monday as investors look ahead to more central bank decisions, earnings and data this week. The U.S. Federal Reserve's latest interest rate announcement will come Wednesday, and follows another hotter-than-expected U.S. inflation reading last Friday. The central bank is widely anticipated to keep the borrowing cost unchanged, but investors will still closely monitor the post-announcement press conference with Chair Jerome Powell. S&P 500 futures inched higher Sunday night as the broad index came off its best week in several months. Overnight, the Japanese yen weakened to 160 against the U.S. dollar as stocks in Asia-Pacific markets climbed.

Persons: Jerome Powell Organizations: U.S, Federal Locations: Asia, Pacific

☆ Opinion: 1968 protests should serve as a warning to today’s Democrats
▼ + stars: | 2024-04-28 | by ( Julian Zelizer | ) edition.cnn.com time to read: +8 min

Editor’s Note: Julian Zelizer, a CNN political analyst, is a professor of history and public affairs at Princeton University. CNN —Democrats are increasingly anxious about their party’s internal divisions over the Israel-Hamas war, which are threatening to hurt their chances in November. The eruption of pro-Palestinian protests on college campuses and the ensuing clashes with police portend bad times ahead. After President Lyndon Johnson announced that he would not run for reelection, the party nominated his vice president, Hubert Humphrey. However, there are many important differences between 2024 and 1968 that could make this current situation significantly less damaging for Biden than some Democrats fear.

Persons: Julian Zelizer, Minouche Shafik, Biden, Mike Johnson, “, Shafik, Johnson, Lyndon Johnson, Hubert Humphrey, Richard Daley, Richard Nixon, …, ”, Nixon, ” Nixon, George Wallace, Humphrey, —, Harvard Kennedy, Trump, George Floyd Organizations: CNN, Princeton University, New York Times, America, Twitter, Columbia University, New York Police Department, University of Southern California, Columbia, National Guard, GOP, Democratic, Convention, Chicago police, Republican, Alabama Gov, White, Harvard Locations: Israel, Louisiana, New York City, Chicago, Windy City, Vietnam, United States, Palestine

☆ Why do royal fans think Meghan Markle and Buckingham Palace are in a battle over jam? Here's the drama, explained.
▼ + stars: | 2024-04-28 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +3 min

AdvertisementSome royal fans think the Duchess of Sussex and Buckingham Palace are in a jam — specifically strawberry. Speculation that Buckingham Palace and Meghan Markle might be battling it out via fruit preserves began on Wednesday. Buckingham Palace. AdvertisementIt didn't take long for online users to draw comparisons between Buckingham Palace and American Riviera Orchard. AdvertisementAmerican Riviera Orchard and Buckingham Palace haven't commented on the speculationRepresentatives for Markle and Buckingham Palace did not immediately respond to a request for comment from Business Insider.

Persons: Meghan Markle's, Buckingham, —, Duchess of, Meghan Markle, Markle, Prince Harry, Duke of Sussex, influencers, Tracy Robbins, Delfina Blaqier, Chrissy Teigen, we've, Mindy Kaling, Tracee Ellis Ross, haven't, King Charles III, Queen Camilla Organizations: Markle, Service, Variety, Buckingham Palace, America, Business, Palace Locations: Duchess of Sussex, Buckingham, Buckingham Palace, Montecito, Orchard

☆ How universities are cracking down on a swell of tension months into student protests over Israel’s bombardment of Gaza
▼ + stars: | 2024-04-28 | by ( Dakin Andone | ) edition.cnn.com time to read: +17 min

Soon, dozens more students protesting the monthslong assault on Gaza were arrested at New York and Yale universities. Ash told CNN he was one of 20 students arrested following a sit-in on November 8. The charges were later dropped, according to the Brown Daily Herald, but 41 students arrested the following month in similar circumstances still face charges, which protesters now want dropped. Separately, the referendum on the BDS resolution “did not move forward because of potential conflict with federal and state laws,” the university told CNN in a statement. Police then were aggressive, Agrawal told CNN.

Persons: strode, –, Jordan Vonderhaar, that’s, Zach Greenberg, ” Greenberg, ” “, ”, Dima Khalidi, “, Greenberg, …, Arman Deendar, Rafi Ash, Ash, ” Ash, Richard Vogel, Jack Petocz, Petocz, Vanderbilt, Samson Zhang, Alexander Hall, Pitzer, Mita Banerjee, Banerjee, ” Arrestees, Natascha, Shubh Agrawal, Agrawal, Colleen Mastony, Israel, Grace Hie Yoon, Adam Lehman, who’ve, they’re, ” Lehman, CNN’s Dana, Israel –, Palestine Legal’s Khalidi, ” Khalidi, CNN’s Nicquel Terry Ellis, Chelsea Bailey, Isabel Rosales, Devon Sayers Organizations: CNN, New York’s Columbia University, Yale, University of Texas, University of Southern, Emory University, Boston’s Emerson College, Indiana University, George Washington University and California State Polytechnic, Humboldt, Bloomberg, Getty, Foundation, Rights, ”, White, Palestine, Brown University, Brown Daily Herald, University Public, Vanderbilt University, Vanderbilt, Coalition, ” Vanderbilt University, Community, Officer, Barnard College, Harvard University, Boston, Pomona College, Claremont Colleges, Pomona, Pomona College’s, for Justice, ” Claremont Police, Pro, Palestinian, George Washington University, University of Michigan’s, Investment, University of Michigan, Police, New York University, New, Civil Liberties Union, Anadolu Agency, Jewish, Hillel International Locations: New, Gaza, New York, Austin, University of Southern California, Atlanta, Israel, Rhode Island, Los Angeles, Nashville, Florida’s, Southern, Palestine, TAHRIR, “ City, Vietnam

☆ Earnings playbook: Your guide to the busiest week of the season, including Apple and Amazon
▼ + stars: | 2024-04-28 | by ( Fred Imbert | ) www.cnbc.com time to read: +6 min

It's the busiest week of the earnings season, and it could have major consequences for the stock market. This quarter: The fast-food giant is expected to report single-digit earnings and revenue growth from the year-earlier period, LSEG shows. Amazon is set to report earnings after the close. What history shows: Pfizer earnings beat earnings expectations 87% of the time, per Bespoke. Thursday Apple is set to report earnings after the bell.

Persons: Jeffrey Bernstein, Bernstein, JPMorgan's Andrea Teixeira, Teixeira, AMZN, Joseph Feldman, Feldman, AAPL, —, Apple Organizations: Apple, Pfizer, IBM, CNBC, Barclays, Investment, Management, AWS, Amazon, pharma, Food and Drug Administration, UBS Locations: China

☆ Stock futures are little changed following S&P 500's best week since November: Live updates
▼ + stars: | 2024-04-28 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

S&P 500 futures inched higher Sunday night as the broad index came off its best week in several months. Traders are looking ahead to a week with more corporate earnings, key labor data and a Federal Reserve meeting. The S&P 500 jumped 2.7%, notching its best week since November and breaking a three-week negative streak. "However, during the past few weeks, the driver of rates has shifted from better growth tohawkish monetary policy concerns, which has been more difficult for stocks to digest." Monetary policy will take center stage later in the week, with the Fed set to release its latest interest rate announcement on Wednesday.

Persons: David Kostin, Goldman Sachs, Jerome Powell, April's nonfarm Organizations: New York Stock Exchange, Traders, Federal Reserve, Dow Jones Industrial, Nasdaq, Dow, Apple Locations: April's

☆ What is divestment? And does it work?
▼ + stars: | 2024-04-28 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

From Princeton University in New Jersey to the University of Southern California in Los Angeles, the same chant can be heard: “Disclose! The specifics of student protesters’ divestment demands vary in scope from school to school. Other students, like those at Cornell University and Yale, are asking their schools to stop investing in weapons manufacturers. Other common threads include demanding universities disclose their investments, sever academic ties with Israeli universities and support a ceasefire in Gaza. Proponents for divestment counter that its value lies in raising awareness and stigmatizing partnerships with targeted regimes or industries.

Persons: “, ” Israel, Witold Henisz, Henisz, ”, Nicholas Dirks, ” Dirks, Dirks, “ They’ll, Anna Cooban, Michelle Bowman, Eli Lilly, Estee Lauder, Jerome Powell Organizations: New, New York CNN, Palestinian, Princeton University, University of Southern, Columbia University Apartheid, Columbia, Cornell University and Yale, Research, The Wharton School, University of Pennsylvania, CNN, University of California, Columbia’s Faculty of Arts and Sciences, Federal Reserve, European Central Bank, Dallas Fed, Samsung, AMD, Starbucks, Benz Group, Volkswagen, PayPal, adidas, Diamondback Energy, Restaurant Brands, Pinterest, Caesars Entertainment, PMI, Conference Board, Mastercard, Qualcomm, Pfizer, Marriott, eBay, US Commerce Department, Apple, Novo Nordisk, Shell, ConocoPhillips, Cigna, Universal Music Group, Hershey, US Labor Department Locations: New York, New Jersey, University of Southern California, Los Angeles, Columbia, Palestine, Israel, Gaza, South Africa, Berkeley, United States, Europe, DoorDash

☆ Sundar Pichai, James Gorman, and Sheryl Sandberg have all worked for McKinsey. Here's why the consultancy is a CEO factory.
▼ + stars: | 2024-04-27 | by ( George Glover | ) www.businessinsider.com time to read: +1 min

Many Fortune 500 CEOs have previously worked at McKinsey. The firm has become known as a CEO factory, but has sparked controversy in the past, too. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . This story is available exclusively to Business Insider subscribers.

Persons: Sundar Pichai, Sheryl Sandberg, —, it's Organizations: McKinsey, Service, Street, Department of Justice, Enron, Business Locations: Saudi

☆ Florida mayor slams cop's 'dismissive' treatment of Gisele Bündchen after she cried over paparazzi during a traffic stop
▼ + stars: | 2024-04-27 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +1 min

Gisele Bündchen became emotional during a traffic stop in Surfside, Florida, this week. Bündchen told a police officer she was trying to evade the paparazzi "stalking" her. The Mayor of Surfside called out the cop's "dismissive" response, which he called "unacceptable." AdvertisementA Florida mayor has criticized a police officer who pulled over Gisele Bündchen for a traffic stop, calling the behavior toward the supermodel "unacceptable." Footage obtained by Fox News Digital showed Bündchen telling the officer she was attempting to escape the paparazzi following her.

Persons: Gisele Bündchen, Bündchen, — Organizations: Service, Miami Beach —, Fox News, Business Locations: Surfside , Florida, Surfside, Florida, Surfside —

☆ Ship with 400 tons of food aid destined for Gaza has left Cyprus
▼ + stars: | 2024-04-27 | by ( Zeena Saifi | Lauren Said-Moorhouse | ) edition.cnn.com time to read: +4 min

The United Arab Emirates has now partnered with an aid agency to send crucial assistance to Gaza via the Israeli port of Ashdod. A UAE official told CNN Saturday that the vessel laden with critical food aid left on Saturday through a relationship with American Near East Refugee Aid (ANERA). Itayam told CNN the 400 tons of aid would undergo Israeli security clearance upon arrival. The plan is for most of the food aid to be delivered to northern Gaza, but Itayam said that depending on the security situation, ANERA might consider sending a shipment to the south as well. The United States has already begun construction of the pier, intended to help deliver humanitarian aid to Gaza, the Pentagon said on Thursday.

Persons: Jerusalem CNN —, Jennifer, ”, Itayam, Kerem Shalom, ANERA, Grant Shapps, “, ” Matthew Hollingworth Organizations: Jerusalem CNN, United Arab, UAE, CNN, American, East Refugee, West Bank, Mohenad, ANERA, of, Britain’s Royal Navy, United, Pentagon, Royal Navy, ”, British, Food, Integrated Locations: Jerusalem, Gaza, Cyprus, Israel, United Arab Emirates, Ashdod ., Larnaca Port, Israel’s Ashdod, Kerem, Territories, UAE, Cardigan, United States, ”

☆ Officials in Namibia criticize tourists who took nude photos atop the Big Daddy dune at national park
▼ + stars: | 2024-04-27 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +3 min

Namibian officials have criticized tourists who took nude photos at one of its national parks. AdvertisementOfficials in Namibia have threatened to blacklist a group of tourists who posed for nude photos atop the Big Daddy dune at one of the country's national parks. Big Daddy is one of the dunes found at the Namib-Naukluft National Park, according to the Global Alliance of National Parks. AdvertisementThe Big Daddy dune. We can look into the possibility of blacklisting them from entering any of our parks," Muyunda told the outlet.

Persons: —, Kenneth Nependa, Nependa, Wolfgang Kaehler, Nepanda, Romeo Muyunda, Muyunda Organizations: Service, Global Alliance of National Parks, Federation of Namibian Tourism Association, Sun, Namibia's Ministry of Environment, Forestry, Tourism, VW, The Ministry, Environment Locations: Namibia, Big, Spitzkoppe, Deadvlei

☆ How Justice Amy Coney Barrett drove the Supreme Court’s debate on abortion and Trump immunity
▼ + stars: | 2024-04-27 | by ( John Fritze | ) edition.cnn.com time to read: +7 min

Barrett pins Trump down on his absolute immunity argumentsAs the second-least senior justice, Barrett sits at the far end of the Supreme Court’s mahogany bench. That was a notable break from earlier arguments Trump submitted that called for “absolute” immunity on a much wider scale of acts. A party turns to a private attorney, Barrett hypothesized, “who was willing to spread knowingly false claims of election fraud” to spearhead his challenges to an election. That appeared to be a reference to former Trump attorney Rudy Giuliani, identified by CNN as “co-conspirator 1” in Smith’s indictment. “This is where someone like Justice Barrett gets to pressure test an advocate’s points,” she said.

Persons: John Roberts, Amy Coney Barrett, ”, Donald Trump, Barrett, Trump’s, Trump, Roe, Wade, “ We’ve, Steve Vladeck, “, Jack Smith’s, John Sauer, –, Sauer, Smith, Rudy Giuliani, ” Barrett, ” Sauer, Michael Dreeben, ” Dreeben, Ilya Somin, ” Somin, ” ‘, Sonia Sotomayor, quizzing, Biden, Sotomayor, Josh Turner, Turner, I’m, ” Turner, ” Barrett interjected, ’ ”, Beth Brinkmann, litigator Organizations: CNN, Center for Reproductive Rights, University of Texas School of Law, Trump, George Mason University Locations: Idaho

☆ Tennessee school guns law: Governor signs into law a bill allowing teachers and staff to be armed on campus
▼ + stars: | 2024-04-27 | by ( Amanda Musa | ) edition.cnn.com time to read: +3 min

Bill Lee signed legislation Friday allowing teachers and school staff in the state to be armed in school buildings and campuses, according to the General Assembly’s website. Gun violence is the leading killer of children in the United States. So far, 443 children younger than 18 have been killed in gun violence this year, according to data from the Gun Violence Archive. Thirty-four states bar teachers and the general public from carrying guns in K-12 schools, according to data from Everytown for Gun Safety. Another educator applauded lawmakers for trying to improve safety but said the law won’t do that.

Persons: Bill Lee, ” Lee, “, Sen, Raumesh Akbari, ”, don’t, Chris Cogdill Organizations: CNN, Tennessee Gov, Republican, WSMV, Gun Safety, Democratic, Tennessee Education Association, Jefferson County High School Locations: United States, Tennessee, “

☆ Biden unrestrained? The president’s looser week will be capped with politics and jokes on Saturday.
▼ + stars: | 2024-04-27 | by ( Chris Cameron | ) www.nytimes.com time to read: +3 min

Mr. Biden will almost assuredly make jokes at Mr. Trump’s expense and poke fun at the Washington press corps. But Mr. Biden could also take a victory lap for a spate of good news in recent days. On Thursday, Mr. Biden promoted a $6.1 billion grant to a chip manufacturer that he said would bolster the nation’s supply of semiconductors, contributing to what he has labeled “the great American comeback story.”And on Friday, Mr. Biden made a surprise visit to “The Howard Stern Show,” hosted by America’s best-known shock jock. The president spoke at length about deeply personal events, showing an emotionally vulnerable side to Mr. Stern’s large audience of middle-class Americans. And, in a notable shift, he said he would debate Mr. Trump.

Persons: Joseph R, Biden, — cranking, Donald J, Trump, Mr, Howard Stern, ”, America’s Organizations: Republican, Trump, White, ’, Mr, Washington Locations: Washington, North America’s, Ukraine, Israel, Taiwan, New York

☆ Airlines are going to start giving out automatic refunds for delayed or canceled flights — here's who and what will be eligible
▼ + stars: | 2024-04-27 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

New regulations will require airlines to provide refunds for delayed or canceled flights. The refunds, which airlines have to implement over the next six to 12 months, must be automatic and prompt. AdvertisementAirlines are going to be required to provide automatic refunds for delayed or canceled flights under new Department of Transportation regulations, announced on Wednesday . The checked bag isn't delivered within 15 hours of an international flight that's 12 hours long or less arriving at the gate. The checked bag isn't delivered within 30 hours of an international flight that's more than 12 hours long arriving at the gate.

Persons: —, they're Organizations: Service, Airlines, Department of Transportation, Business, Transportation

☆ 12 portfolio companies report earnings in the week ahead. What we want to hear from each
▼ + stars: | 2024-04-27 | by ( Zev Fima | ) www.cnbc.com time to read: +15 min

The action quickly and sharply reversed back to the upside Friday after blowout earnings reports from Alphabet and Microsoft . In the week ahead, earnings are likely to drive the action again, though we'll get a few important macroeconomic reports. Earnings: We've got the biggest week of the earnings season ahead of us, with 12 Club holdings set to report. Eli Lilly 's report Tuesday morning continues to be all about sales of type-2 diabetes treatment Mounjaro and weight-loss drug Zepbound. In DuPont 's report Wednesday morning, we're looking for a continued rebound in its semiconductor business following a sequential increase last quarter.

Persons: Ford, we'll, Dow Jones, We've, Buckle, Eaton, Eli Lilly, Lilly, We're, Estee Lauder, Fabrizio Freda, we've, Linde, Bausch, Royal Philips, Woodward, SIRI, Archer, Johnson, Stanley Black, Decker, BAX, Cardinal Health, Parker, Belden, Jim Cramer's, Jim Cramer, Jim Organizations: Nasdaq, Microsoft, Meta, Google Search, Big Tech, Nvidia, Broadcom, Ford Motor, Honeywell, Danaher, Labor Department, Labor, PMI, Services PMI, GE Healthcare, Amazon Web Services, Starbucks, Deutsche Bank, DuPont, Bausch Health, U.S ., Appeals, Apple, iPhones, Vision, ON Semiconductor, Resource Partners, Franklin Resources, Paramount, Transocean Ltd, Semiconductors, Arch Capital, Logitech International, Lattice Semiconductor, F5 Networks, Sanmina Corporation, GE HealthCare, PayPal, 3M Company, McDonalds, Enterprise Products Partners, Cola Company, Melco Resorts, Entertainment, SiriusXM Holdings, Oatly, American Electric Power Company, Leidos Holdings, Marathon Petroleum, Daniels, Midland Co, Equitrans Midstream Corporation, HSBC Holdings, HSBC, Devices, Caesars Entertainment, Lumen Technologies, Mondelez, Pfizer, CVS Health, Barrick, Mastercard Inc, Cruise Line Holdings Ltd, Kraft Heinz Company, Marriott International, Ares, Generac Holdings, Johnson Controls, Cenovus Energy Inc, Qualcomm, Devon Energy, Paycom, Axcelis Technologies, Coeur D'Alene Mines, Sunnova Energy International, MGM Resorts International, MGM, Solar Inc, Oil, Allstate, Co, Tenable Holdings, Enovix Corporation, Gladstone Capital, Avis Budget Group, eBay, EBAY, LIN, Novo Nordisk, Natural Resources, PENN Entertainment, Apache, ConocoPhillips, InMode Ltd, Baxter International, Cardinal, Regeneron Pharmaceuticals, Apollo Global Management, LLC, Cinemark Inc, Dominion Energy, Coterra Energy, Coinbase, Bill.com Holdings, Booking Holdings, United States Steel, AXT Inc, Materials, Energy, Hershey Company, XPO Logistics, Cboe, American Pipeline, Amneal Pharmaceuticals, Brookfield Business Partners, Brookfield Renewable Corporation, Magna International, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange, Bloomberg, Getty Locations: U.S, megaprojects, China, Eaton, Corning, Coeur D'Alene, Albemarle, ALB, Novo, New York

☆ Digital ad market is finally on the mend, bouncing back from the 'dark days' of 2022
▼ + stars: | 2024-04-27 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +1 min

Meta , Snap and Google all reported first-quarter results this week, with revenue growth that exceeded analysts estimates and at rates not seen in at least two years. The companies entered earnings season in a favorable position in that their numbers would be comparable to historically weak periods. Meta, which was the first in the group to report results, put some fears to rest on Wednesday, showing a 27% jump in first-quarter revenue to $36.5 billion. "When Meta was in its dark days two years ago, the company knew what they had to do to get back on track," analysts at Bernstein wrote in a note after the earnings report. Meta lost two-thirds of its value in 2022 and was forced to dramatically cut headcount.

Persons: Meta, Bernstein Organizations: Google, Meta, Facebook

Arm Ukraine With Fanfare and Israel in Secret? That package will pay for billions of dollars of arms flowing to Ukraine, Israel and other nations. As soon as the bill became law, the administration issued new announcements about weapons shipments to Ukraine, but not about transfers to Israel. Press releases about military aid for Ukraine and Israel Since both wars began, the U.S. government has issued at least 126 press statements or updates describing military aid sent to Ukraine and just three describing military aid sent to Israel. Information on maritime support sent to … Ukraine IsraelInformation on air-based weaponry and drones sent to … Ukraine IsraelThere is another distinction worth noting.

Persons: Biden, Jonathan Ernst, Antony Blinken, ”, Josh Paul, Israel —, Ukraine Israel “, Daniel C, it’s, Benjamin Netanyahu Organizations: Reuters, Israel Defense Forces, Israel . Press, U.S . Department of State, U.S . Department of State ; U.S . Department of Defense, Internet, State Department, Defense Department, State and Defense, Washington Post, Ukraine authorizations, Democratic Party, West Bank, White, New York, Facebook Locations: Israel, Ukraine, U.S, U.S . Department of State ;, Ukraine Israel, Gaza, American, Egypt, Russian, Rafah, Lebanon, Iran, Iranian, Syria, United States

☆ These stocks reporting results next week have earnings momentum at their back, and are well liked by analysts
▼ + stars: | 2024-04-27 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Some of Wall Street's favorite stocks are due to report their latest earnings in the week ahead. As of Friday, 77% of companies that have reported topped analyst estimates for their quarterly earnings, according to FactSet. To find stocks reporting next week that might see a post-earnings rise in valuation, CNBC Pro screened for names that Wall Street analysts recommend and that have earnings momentum at their back. Mastercard has seen earnings estimates rise by 12% in the past three months, and 20% over the past six months. Analysts have raised the Silicon Valley real estate investment trust's earnings estimates by 29% over the past three and six months.

Persons: Wall, FactSet, Ronald Josey, Josey, GenAI, TD Cowen, Bryan Bergin, Equinix, —, Fred Imbert Organizations: Dow Jones, CNBC Pro, Wall, Companies, Amazon Web Services, UBS, Citi, Mastercard

☆ Keith Siegel: American-Israeli hostage appears in Hamas video for first time
▼ + stars: | 2024-04-27 | by ( Lauren Izso | Eyad Kourdi | ) edition.cnn.com time to read: +3 min

CNN —Hamas on Saturday published a video of two hostages, American-Israeli Keith Siegel and Israeli Omri Miran. In the video, Siegel, who appears to be speaking under duress, pleads for Israeli Prime Minister Benjamin Netanyahu to negotiate a hostage release deal with Hamas. This is the first video released of Siegel since he was kidnapped by Hamas alongside his wife from their home in Kibbutz Kfar Aza on October 7. Former Hamas hostage Aviva Siegel wears a T-shirt showing a her husband Keith during her visit to the UN Human Rights Council in Geneva on February 28, 2024. Fabrice Coffrini/AFP/Getty ImagesThis is the second hostage video released by Hamas in recent days.

Persons: Keith Siegel, Omri Miran, Siegel, Benjamin Netanyahu, Miran, “, Aviva Siegel, Keith, Fabrice Coffrini, Hersh Goldberg, Polin, Goldberg, “ Keith, ”, Ilan, Israel Organizations: CNN, Hamas, Minister’s, UN Human Rights, Nova, Hostages Families, Aviva, Independence Locations: Kfar Aza, Israeli, Geneva, AFP, Israel, Egypt, Gaza

☆ In Race to Build A.I., Tech Plans a Big Plumbing Upgrade
▼ + stars: | 2024-04-27 | by ( Karen Weise | ) www.nytimes.com time to read: +1 min

If 2023 was the tech industry’s year of the A.I. It may not sound as exciting, but tens of billions of dollars are quickly being spent on behind-the-scenes technology for the industry’s A.I. Companies from Amazon to Meta are revamping their data centers to support artificial intelligence. They are investing in huge new facilities, while even places like Saudi Arabia are racing to build supercomputers to handle A.I. has become a story about building a massive technology infrastructure, Meta said on Wednesday that it needed to spend billions more on the chips and data centers for A.I.

Persons: Meta Organizations: Amazon, Microsoft, Meta Locations: chatbot, Saudi Arabia

☆ Facebook cofounder accuses Tesla of being the next 'Enron'
▼ + stars: | 2024-04-27 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +5 min

Read previewA Facebook cofounder's attacks against Tesla continues, and it comes with one of his boldest allegations against the company to date: Tesla is the next Enron. — Elon Musk (@elonmusk) April 26, 2024Moskovitz had not yet addressed Musk's posts on Friday. On Wednesday, the Facebook cofounder acknowledged the gravity of his comments in his social media post. Moskovitz also has long been skeptical of Elon Musk and his ventures. "I call on Elon Musk to resign," Moskovitz said on Threads last year, adding that he should resign "(from everything)."

Persons: —, Tesla, Dustin Moskovitz, Asana, Elon Musk, Musk, Dustin Moskowitz, — Elon, Moskovitz Organizations: Service, Business, Tesla, Enron, Traffic Safety Administration, Securities and Exchange Commission, Bloomberg, Justice Department, SpaceX, Elon

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