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Hillary Clinton on Thursday criticized campus protesters, saying young people “don’t know very much” about the history of the Middle East. “I have had many conversations, as you have had, with a lot of young people over the last many months now,” she said on the MSNBC show “Morning Joe” on Thursday. “They don’t know very much at all about the history of the Middle East, or frankly about history, in many areas of the world, including in our own country.”Ms. Clinton then went on to imply that young people “don’t know” that had Yasir Arafat, the former leader of the Palestinian Authority, accepted a deal brokered by her husband, President Bill Clinton, the Palestinians would already have a state of their own. “It’s one of the great tragedies of history that he was unable to say yes,” she said. The comments, made in response to a sprawling question about radicalization on university campuses from the host, Joe Scarborough, were criticized on social media by those who said that Ms. Clinton, a professor of international and public affairs at Columbia University, was underestimating students’ capacity.
Persons: Hillary Clinton, , , Joe ”, Ms, Clinton, Yasir Arafat, Bill Clinton, Joe Scarborough Organizations: MSNBC, Palestinian Authority, Columbia University
The US economic expansion should continue in the months ahead, assuming there are no major external shocks, according to Nobel Prize-winning economist Joseph Stiglitz. Consumer spending, which makes up about two-thirds of the US economy, is still positive, and job gains have been robust. AdvertisementDespite his generally upbeat outlook, however, Stiglitz is concerned about a number of risks. 4 economic risks to watchThe first is that economic slowdowns happening elsewhere could seep into the US. Congress could shut down again, we might not get some of the necessary bills that we need to continue government," Stiglitz said.
Persons: Joseph Stiglitz, we've, Stiglitz, Brent, Mike Johnson, Trump, Putin Organizations: Service, Columbia University, Conference, Business, Republican Locations: Europe, China, Israel, Palestine, Lebanon, Iran, Ukraine, Russia, Taiwan, Eastern Europe
CNN —After spending his days making wine in the foothills of the Caucasus Mountains, Tsotne Jafaridze returns home to Tbilisi, Georgia’s capital, and begins his new routine. Jafaridze, who also owns a travel business and says he receives 95% of his income from foreign sources, says he would “immediately” be listed as a foreign agent under the broadly-written law. But the government reintroduced the same bill in March and appears determined to force it through, despite protests that grow fiercer every week. Despite recent Russian aggression against Georgia, Georgian Dream has long been accused of harboring pro-Russian sympathies and its billionaire founder, Bidzina Ivanishvili, made his fortune in the Soviet Union. Bidzina Ivanishvili addresses a rally in support of the "foreign agent" law in Tbilisi, April 29, 2024.
Persons: Jafaridze, , Vladimir Putin, , Giorgi Arjevanidze, isn’t, ” Natalie Sabanadze, , Levan Khabeishvili, Khabeishvili, Bidzina Ivanishvili, ” Buziashvili, Ivanishvili, Bidzina, Shakh, Sabanandze, Irakli Kobakhidze, Kobakhidze, ” Sabanadze, Viktor Orban, Europe’s, Matthew Miller, Washington, Georgia “, Irakli Gedenidze, Viktor Yanukovych, doesn’t Organizations: CNN, European Union, Getty, EU, United National Movement, National Security Council, Soviet Army, Soviet Union, Belarus ’, Party, Georgian, Conservative Political, United, State Department, Protesters, Reuters Locations: Caucasus, Tbilisi, Georgia’s, Russia, Georgian, Russian, Soviet, AFP, Brussels, Georgia, Belarus, Ukraine, Soviet Union, Hungary, Hungarian, United States, stoke,
Not using a high-yield savings accountHigh-yield savings accounts are a no-brainer for Allocca, who says that there's "no advantage to a traditional savings account." High-yield savings accounts are typically offered by online banks or credit unions, and usually come with higher interest rates than traditional savings accounts offered by big banks. Currently, you can find high-yield savings rates over 5%, compared with the 0.58% average for savings accounts as a whole. One trade-off is that smaller banks or credit unions might take longer to process a withdrawal from a high-yield savings account. "I like to call high-yield savings accounts 'inconvenient savings,' because they are still accessible, but totally separate and disconnected from your checking account," she says.
Persons: Michela Allocca, , Allocca Organizations: CNBC
Investors are focused on Apple's iPhone sales in China as competition ramps up. Here's what Wall Street expects from Apple's upcoming earnings report. Here are the quarterly figures Wall Street expects, according to data from Bloomberg. Here's what Wall Street analysts are saying about Apple's upcoming earnings report. The firm said Wall Street estimates on Apple are too high, with analysts underestimating the ongoing weakness in China.
Persons: , Wells, Wells Fargo, shouldn't, Goldman Sachs, underwhelming Organizations: Apple, Investors, Service, Bloomberg, Revenue, Huawei, Barclays, Better, JPMorgan Locations: China, Wells Fargo, Wells, C1Q, Apple's
Another said they regretted underestimating the importance of living near their friends and family. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Business Insider spoke with four people who shared their biggest regret and what they learned from it. After two years in Colorado, Michiels and his family moved again — this time to Spain in 2023. The couple loved living in Denver and decided to buy their first house there after a year, but they were priced out of the city.
Persons: , Amanda Loudin, Loudin, she'd, Wendy Wang, Wang, Eric Michiels, Michiels, he'd, Jackie Branholm, Branholm Organizations: Service, Denver Locations: Maryland, Boulder , Colorado, Boulder, Pennsylvania, Silicon Valley , California, California, Silicon Valley, Atlanta, Denver, Colorado, Spain, New York City, New York
Kam Ghaffarian, co-founder and chairman of Axiom Space Inc., speaks during an interview at the company's headquarters in Houston, Texas, U.S., on Friday, Jan. 14, 2022. IBX's Kam Ghaffarian wants to go even further: the stars. Ghaffarian has been instrumental in ushering in the new space economy, having co-founded and invested in a cadre of commercial space ventures. Unlike other high-profile billionaires building commercial space companies, Ghaffarian made his fortune through the space industry, and rather than focusing on access to space, he's leveraging those falling costs to build out infrastructure and business activities in space. Ghaffarian believes the space economy will be worth trillions of dollars — and sooner than many realize.
Persons: Kam Ghaffarian, Jeff Bezos, Richard Branson, Elon Musk, IBX's Kam Ghaffarian, CNBC's Morgan Brennan, Ghaffarian, Odysseus, he's, We've, Jeff, Bezos, we've, Morgan Brennan, it's Organizations: Space, International, Elon, Technologies, NASA, KBR, SpaceX Locations: Houston , Texas, U.S, Colorado Springs, Iran
The Bank of England said on Friday that it would overhaul the way it forecasts its outlook for the British economy as part of a “once-in-a-generation” review of its process after it was criticized for underestimating inflation. After a few turbulent years — which included a pandemic, the war in Ukraine and a surge in inflation — the central bank was accused of bungling its economic forecasts. It has since set out to find ways to convey more clearly what it thinks will happen to economic growth and inflation, especially in times of high economic uncertainty. “We have a once-in-a-generation opportunity to update our approach, in a world that, I’m afraid, remains highly uncertain,” said Andrew Bailey, the governor of the Bank of England. The bank asked a former Federal Reserve chair, Ben S. Bernanke, to lead the review.
Persons: , Andrew Bailey, Ben S, Bernanke Organizations: of England, Bank of England, Federal Reserve Locations: Ukraine
Investors are again underestimating Apple's gross profit margins, according to Bank of America. In actuality, the company exceeded those expectations, reporting 44% gross margins last year. Looking ahead, Mohan estimates that vertical integration and product mix could yield more than 100 basis points of upside to Apple's gross margins. He also estimates that Apple's utilization of its own internal modems could add 110 basis points to product gross margins and 160 basis points of iPhone gross margins. "Pricing is an additional level that Apple can employ to further increase gross margins."
Persons: Wamsi Mohan, Mohan, Samik Chatterjee Organizations: Bank of America, Apple, Products, Services, Bank of, JPMorgan, Cap Tech
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'We see several drivers for margins to go higher' for Apple, says Bank of America's Wamsi MohanWamsi Mohan, Bank of America senior IT hardware analyst, joins CNBC's 'The Exchange' on why Wall Street may be underestimating Apple's margin potential, where the company is heading, and more.
Persons: America's Wamsi Mohan Wamsi Mohan Organizations: Apple, America's, Bank of America
There is no loneliness epidemic
  + stars: | 2024-04-07 | by ( Eliza Relman | ) www.businessinsider.com   time to read: +17 min
With the report, a steady trickle of headlines about the epidemic turned into a firehose: "Loneliness is at epidemic levels and it's killing Americans" (USA Today); "This Epidemic of Isolation Is as Harmful as Smoking" (Bloomberg); "America's Loneliness Epidemic Comes for the Restaurant" (The Atlantic). There's one problem: The loneliness epidemic doesn't exist. Even the authors caution in their meta-analysis that "the frequently used term 'loneliness epidemic' seems exaggerated." Calling it a "loneliness epidemic," then, may be a bit like calling COVID a "sneezing pandemic." "There are many, many surveys that are just making up questions about loneliness and are not using the UCLA Loneliness Scale or some other validated loneliness scale," she says.
Persons: Vivek Murthy, Murthy, Hillary Clinton, Donald Trump, Sen, Chris Murphy, Ruth, University of Michigan —, Eric Klinenberg, Julianne Holt, it's, Dave Sbarra, Holt, David Riesman, Lunstad, I've, , Sbarra, Klinenberg, Adam Mastroianni, " Mastroianni, Mastroianni, Biden, isn't, Jill Lepore, voicemails, There's, Jerome Adams Organizations: Bloomberg, Business, York, Gallup, University of Michigan, New York University, Brigham Young University, University of Arizona, Bell, University of California Los, Commerce, UCLA, Republican, Democratic Locations: Connecticut, Brooklyn, University of California Los Angeles, America, Washington, DC, COVID
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUnderestimating China in the AI 'multi-decade arms race' would be a mistake: AnalystDaniel Newman of the Futurum Group says that with the semiconductor export restrictions imposed on China, the country has shown the "ability to innovate against the odds", and he worries about greater retaliation against U.S. tech companies and chipmakers.
Persons: Daniel Newman Organizations: Futurum, U.S Locations: China
He estimates there's a 10-20% chance AI could destroy humanity but that we should build it anyway. An AI safety expert told BI that Musk is underestimating the risk of potential catastrophe. AdvertisementElon Musk is pretty sure AI is worth the risk, even if there's a 1-in-5 chance the technology turns against humans. "One of the things I think that's incredibly important for AI safety is to have a maximum sort of truth-seeking and curious AI." Musk said his "ultimate conclusion" regarding the best way to achieve AI safety is to grow the AI in a manner that forces it to be truthful.
Persons: Elon Musk, , Elon, recalculated, Geoff Hinton, Yamploskiy, Musk, Sam Altman, Hinton Organizations: Service, Cyber Security, University of Louisville, New York Times, Summit, Independent, CNN, Business
Setting a down payment goalBefore you can set a down payment goal, you first need to figure out how much you'll need for a lender to approve you for a mortgage. Determining the size of down payment neededThe minimum size of your down payment will depend on the loan program you use. Exploring down payment assistance programsDown payment assistance programs can help cover part or all of your down payment. But if you can save up a down payment of at least 20% of the home's purchase price, you'll avoid paying PMI (private mortgage insurance), which can reduce your monthly payment. To save for a down payment, create (and stick to) a budget, reduce unnecessary expenses, increase your income through side jobs, automate your savings, and explore down payment assistance programs.
Persons: You'll, you'll, windfalls, Windfalls Organizations: Netflix, Spotify, Federal Deposit Insurance Corp, PMI Locations: homebuyers, Chevron
At the simplest level, labor productivity is how much output (widgets, meals, spreadsheet computation) one person can complete in an hour. Employers were running around with fishnets trying to find people, and workers used their leverage. By contrast, the late 1990s were a period of higher productivity growth and underestimated growth, starting the year at 2% but ending closer to 4%. But it's probably too soon to be thinking about these factors as the main driver of recent productivity growth. The investment implications of this are clear: Stronger productivity growth implies a higher speed limit for the economy.
Persons: , it's, we'll Organizations: Federal Reserve Bank of San, Labor, P Global, Manufacturing, Capital, Employers, downturns, Professional Locations: Silicon Valley, Federal Reserve Bank of San Francisco
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExxon CEO: Demand for petroleum still 'very healthy' despite global economic challengesExxon Mobil CEO Darren Woods joins 'Squawk on the Street' to discuss if the U.S. is underestimating oil demand, how to understand petroleum demand better, and if there needs to be a fundamental understanding of how the energy transition will play out.
Persons: Darren Woods Organizations: Exxon, Exxon Mobil Locations: U.S
Watch CNBC's full interview with Exxon CEO Darren Woods
  + stars: | 2024-03-18 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Exxon CEO Darren WoodsExxon Mobil CEO Darren Woods joins 'Squawk on the Street' to discuss if the U.S. is underestimating oil demand, how to understand petroleum demand better, and if there needs to be a fundamental understanding of how the energy transition will play out.
Persons: Darren Woods Organizations: Exxon, Mobil Locations: U.S
It's time to start thinking differently about aging, according to a new book. "We've never invested enough in old age, because we never thought we'd get there," he said. "We've never invested enough in old age, because we thought we'd never get there, and now we will." He calls for a transition to an "evergreen economy," based on channeling the world's aging population to address inequality and boost growth. AdvertisementThe looming retirement crisis underlines the need for a rethink on aging, Scott told BI.
Persons: Andrew J, Scott, We've, we'd, , There's, Florian Gaertner, we're, that's, they've, David Bowie, Magdalena Wosinska, he's, Bryan Johnson, who's, I've, I'm Organizations: Service, Health, Institute for Fiscal, London Business School, Harvard, Bank of England, Institute for International Political, Economic, Getty, Social Security, Washington Post Locations: Oxford, Japan
I've worked at Anthropologie for over a year and have seen customers repeat the same mistakes. AdvertisementI've worked at Anthropologie for over a year and have witnessed a lot of recurring mistakes that customers should be aware of. Failing to use the sales associates' expertiseSales associates are experts at styling both mannequins and customers. At my store, customers frequently leave trails of clothing around the dressing room. AdvertisementNot understanding associate responsibilitiesMany customers approach sales associates stationed at the cash register or in certain zones with lengthy inquiries.
Persons: I've, , Eugene Gologursky Organizations: Service, Associates, Kansas City Star Locations: Anthropologie
(This is CNBC Pro's live coverage of Tuesday's analyst calls and Wall Street chatter. Meanwhile, Goldman Sachs noted Tesla and Rivian need to be careful when cutting prices. He increased his price target by $20 to $220, however, suggesting shares could shed 7.4% from Monday's close. Baird's $1,050 price target suggests shares can still climb more than 23%. His Tesla target of $220 implies upside of 17%, while his $13 forecast on Rivian points to a 19% gain from here.
Persons: Baird, Goldman Sachs, Tesla, Williams, Anthony Chukumba, Chukumba, — Pia Singh, Ranjan Sharma, Sharma, Morgan Stanley downgrades Sunnova, Morgan Stanley, Andrew Percoco, Percoco, Tristan Gerra, Gerra, Goldman, Mark Delaney, Delaney, Fred Imbert Organizations: CNBC, Nvidia, JPMorgan, Free Fire, NOVA, Amazon, Meta, Google Locations: Williams, Sonoma, Monday's, Tuesday's premarket
A majority of likely voters think President Biden is too old to effectively serve in the White House. In the survey, 72% of likely voters either strongly agreed or somewhat agreed that Biden is too old to effectively serve in the White House. AdvertisementAmong Biden's 2020 supporters, roughly 40% said the president could effectively serve in office, according to the Times/Siena survey. In comparison, 42% of likely voters either strongly agreed or somewhat agreed that the 77-year-old Trump is too old to effectively serve in office for a second term. In a statement, Biden campaign communications director Michael Tyler said that recent polling "consistently overestimates Donald Trump while underestimating President Biden," Politico reported.
Persons: Biden, , Joe Biden, he's, Trump, Nikki Haley, Michael Tyler, Donald Trump, Tyler Organizations: New York Times, Siena College, Service, Democratic, Senate, Oval, Siena, Times, Biden, White, Trump, GOP, underestimating, Politico Locations: Siena
Goldman Sachs has its eyes on equities that have stronger earnings potential this year than the rest of Wall Street believes. Goldman highlighted to clients stocks where Wall Street analysts are raising their estimates, but not by enough. Goldman believes the rest of Wall Street will need to revise their earnings estimates upward by even more, driving gains for the shares. General Motors beat Wall Street fourth-quarter estimates and forecast stronger-than-expected 2024 earnings in the range of $8.50 to $9.50 per share. Goldman Sachs now predicts the company will earn $9.10 per share, which is roughly 2% higher than Wall Street estimates, it said in a research note.
Persons: Goldman Sachs, Goldman, Stocks, Goldman isn't, Doug Anmuth, FactSet, Joseph Spak Organizations: Wall, Nvidia, Dow Jones, Analysts, JPMorgan, General Motors, GM, UBS, United Auto Workers Locations: Detroit, Pinterest
The "Magnificent Seven" dominate the stock market to a worrying extent, one expert says. Deutsche Bank's economics chief, Jim Read, said investors should be wary of an economic slump. The "Magnificent Seven" are dominating the stock market to a worrying degree — and investors are underestimating the risk of a recession, one expert says. Microsoft, Apple, Nvidia, Amazon, Alphabet, Meta, and Tesla are collectively valued at more than $13 trillion, representing about a quarter of the entire US stock market. "My natural inclination is to say this is crazy," Jim Read, the global head of economics and thematic research at Deutsche Bank, told the "Merryn Talks Money" podcast this week.
Persons: Jim Read, Tesla Organizations: Deutsche, Microsoft, Apple, Nvidia, Deutsche Bank, Business
"That's an extraordinary power, and Putin did it effectively, making sure it wound up in the news." AdvertisementThe display of power by the Russian state, while jarring, is not out of the norm for Putin's regime, which has been accused of assassinations abroad for decades. Both Navalny's and the pilot's deaths fit Putin's playbook to a T, exemplifying the lengths to which the Russian regime will go to maintain the illusion of total power, Schmidt said. AdvertisementFor years, Navalny represented the most formidable threat to Putin's regime, criticizing corruption in the Russian state and organizing powerful anti-Kremlin protests. AdvertisementNavalny's death shows Putin is easily threatenedThe two experts said Navalny's death, rather than simply displaying Putin's power, actually highlighted his weakness.
Persons: , Vladimir Putin, Alexey Navalny, Putin's, Putin, Matthew Schmidt, Schmidt, Navalny, Simon Miles, Miles, Robert English Organizations: Service, Business, The University of New Haven, US Army's School, Advanced Military Studies, Russia's Federal Prison Service, Kremlin, Duke University's Sanford School of Public, Soviet Union, University of Southern Locations: Ukraine, Russian, Spain, Russia, Avdiivka, Russia's, Soviet, Moscow, University of Southern California, Soviet Union, Eastern Europe
Here are Friday's biggest calls on Wall Street: Bank of America reiterates Meta as buy Bank of America said it's bullish on Meta adding the Broadcom CEO to its board of directors. Bank of America reiterates Nvidia as buy Bank of America said it's standing by the stock heading into earnings next week but that a pullback is possible. Baird upgrades UPS to outperform from neutral Baird said in its upgrade of UPS that the risk/reward is too attractive to ignore. Bank of America downgrades Dropbox to underperform from buy Bank of America said the "bull thesis has played out" for the data storage company. Bank of America upgrades Cellebrite to buy from neutral Bank of America said it sees business trends stabilizing for the digital intelligence company.
Persons: it's, Hock Tan, NVDA, Goldman Sachs, Goldman, TD Cowen, Grosvenor, KBW, TTD, Baird, Wells, Tommy Hilfiger, Tommy, Raymond James downgrades Carvana, Raymond James, Wayfair, Oppenheimer, Morgan Stanley, Tesla, Guggenheim, SunPower, Jefferies, Eli Lilly, Roku Organizations: Bank of America, Meta, Broadcom, " Bank of America, Nvidia, Informatica, BMO, Trade, Google, U.S, UPS, JPMorgan, Daiwa, CY2025, UBS, Newell Brands, RBC, Nike, of America, Barclays, Netflix, JPMorgan downgrades Bloom Energy, BE, Pharma Locations: CY24, CY2024, Wayfair, U.S
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