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Nvidia just formed a bearish technical pattern that is signaling a reversal ahead. The red-hot chipmaker dropped 3.5% on Thursday after temporarily unseating Microsoft as the most valuable public company in the U.S. Thursday's decline marked a "bearish engulfing" pattern that often signals that the prior upward momentum is waning. Others believe the Nvidia bearish engulfing pattern, while ominous, isn't significant enough yet. The confirmation of a bearish engulfing pattern sometimes depends on the size of the candles. "The reversal of the shares was 11 cents away from clearly registering a bearish engulfing pattern.
Persons: Mark Newton, Mike O'Rourke Organizations: Nvidia, Microsoft, NVIDIA Locations: U.S
Conan O’Brien Doesn’t Matter*
  + stars: | 2024-06-21 | by ( Jason Zinoman | ) www.nytimes.com   time to read: +2 min
After hosting talk shows for nearly three decades, Conan O’Brien has come to believe that longevity is overrated. “We don’t matter.”Since leaving late-night television in 2021, Conan O’Brien, 61, has become more reflective about life (and death), given to philosophical flights of fancy that he compulsively alternates with comic tangents. O’Brien famously champions the intersection between smart and stupid, but in conversation, what stands out is how quickly he moves between light and heavy. “Being contented comes in little moments, here and there.”The only thing trickier than being a late-night talk show host is being a former one. Since he started writing for “Saturday Night Live” in the 1980s, Conan O’Brien has built one of the most consequential careers in comedy.
Persons: Conan O’Brien, O’Brien, , , Jon Stewart, Johnny Carson, Craig Kilborn, David Letterman, Jay Leno, Bill Hader, Eric André, Nikki Glaser Locations: New York, Los Angeles
In today's big story, we're looking at Chipotle's newest pitch in the big business that is winning your lunch break. Market research firm Future Markets Insights pegged the lunch takeout market at $215.3 billion in 2022 . Chipotle's latest marketing campaign shows how creative restaurants are getting to nab your lunch order. Bitcoin's cooldown might be a warning for the stock market. A Stifel strategist predicted a late-summer stock market decline based on bitcoin's 10% sell-off in the past few weeks.
Persons: , Chelsea Jia Feng, Keith Lee, Alyssa Powell, haven't, Taco Bell, Tim Hortons, Burger King, sarayut Thaneerat, Tyler Le, Ken Griffin, Bitcoin's, isn't, That's, Jensen Huang's, Satya Nadella's, Marc Piasecki, Elon Musk, They're, Alfie, Alfie Health, Donald Trump, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Annie Smith, Amanda Yen Organizations: Service, Business, nab, bros, Chipotle, Getty, Brands, KFC, Taco, BI Citadel, Sunshine State, Congressional, Nasdaq, Apple, Apple Intelligence, Nvidia, Microsoft, Amazon, Elon Locations: Cava, Illinois, Florida, China, New York, London
CNN —Hundreds of monumental stone heads dot the coastline of the remote Pacific island of Rapa Nui, or Easter Island. Terry HuntThe rock gardens had covered up to 21.1 square kilometers (8.1 square miles) and could have sustained up to 17,000 people, previous research suggested. Archaeologists have identified the remains of rock gardens on which islanders would have grown sweet potatoes and other crops. “This finding was the result of integrating new remotely sensed data, data not available when we did our original study.” He wasn’t involved in the new research. In fact, when Europeans first make contact with Rapa Nui people, they only report seeing maybe 3,000 or 4,000 people and report that people were in good spirits,” Davis said.
Persons: Jared Diamond, , Dylan Davis, Davis, School’s Lamont, Terry Hunt, ” Davis, Rapa, ” Ladefoged, wasn’t, Christopher Stevenson, ” Stevenson, Carl Lipo, What’s Organizations: CNN, Columbia, Observatory, New Zealand’s University of Auckland, School of, Studies, Virginia Commonwealth University Locations: Rapa Nui, Rapa, Chile, Pitcairn, Washington
O’Reilly, a high-flying, charming, Irish-born former chairman of the H.J. Heinz Company, who also owned newspapers, luxury brands and trophy homes in France and the Bahamas, only to lose nearly everything in his eighth decade, died on May 18 in Dublin. The Irish Times and other Irish newspapers, citing a family spokesman, reported that he died in a hospital. From his earliest days, Mr. O’Reilly, who was known as Tony, displayed an embarrassment of gifts. He was an elite-level rugby player while still in his teens — the “redheaded pinup boy of Irish rugby,” as The Guardian put it.
Persons: Anthony J.F, O’Reilly, Tony Organizations: Heinz Company, Irish Times, rugby, Guardian, Irish Dairy Board Locations: Irish, France, Bahamas, Dublin
CNN —The historic rematch between Joe Biden and Donald Trump is anything but a rerun, with their first presidential debate next week set to showcase a vastly different set of issues driving their bitter duel for the White House. It feels like an upside-down lifetime ago since the pair last appeared together on a debate stage. “That’s the thing you’re going to see coming out in this debate: What was the world like under Trump?” Waltz said on CNN. Trump suggested Biden would be “pumped up” for the debate, before insinuating, without any evidence, that the president uses cocaine. Yet this showdown is without parallel as the 45th and 46th presidents seek to define their rival in what is the earliest general election debate in memory.
Persons: Joe Biden, Donald Trump, Trump, Biden, , Roe, Wade, Mike Waltz, ” Trump, ” Waltz, , it’s Trump, “ Trump, Brian Bartlett, Mitt Romney’s, ” Biden, Joe, Jill Biden, Biden’s favorability, Trump –, Brett O’Donnell, ” O’Donnell, Betsy Klein, Kate Sullivan Organizations: CNN, White, Biden, Trump, Democrats, Florida Republican, , Trump White House, Copa, ABC, Secret Service, Republican Locations: Atlanta, Wisconsin, Ukraine, Florida, year’s State, Green Bay , Wisconsin
An Alaska Airlines Boeing 737-9 MAX sits at gate at O'Hare International Airport in Chicago, Illinois on May 22, 2024. Alaska Airlines ' flight attendants union said Friday that it reached a "record" tentative labor deal with the carrier, ending a drought of new contracts for cabin crews that have clamored for pay raises for years. It will be reviewed by union leadership and then voted on by rank and file members, the Association of Flight Attendants said. A day earlier, American Airlines ' flight attendants union said talks had broken down for a new contract, and that its members should prepare for a possible strike. United Airlines is also negotiating a new contract with its flight attendants union.
Persons: weren't, we've Organizations: Alaska Airlines Boeing, International, Alaska Airlines, Association of Flight, American Airlines, Airlines, U.S Locations: Chicago , Illinois
Some venues have already sold out of original tickets, but verified resellers, including StubHub and Vivid Seats, have many tickets available. Here's what fans need to know about how to buy Alan Jackson concert tour tickets. How to buy tickets for Alan Jackson 2024 concert tourWith ticket sales beginning on June 7, Alan Jackson's Last Call tour still has original tickets remaining for multiple locations. How much are Alan Jackson tickets? With the singer's neurological condition causing a gap in the Last Call Tour dates, it is unknown whether Jackson will announce further dates and locations.
Persons: Alan Jackson, Charcot, Marie, Jackson, We've, Alan Jackson's, StubHub, tacking Organizations: Business, CMT, UT, TicketMaster, CMT Research Foundation Locations: Boston, Rapids, MI, Fayetteville, Kansas City, Salt Lake City, Oklahoma, Fort Worth , TX, Orlando, Tampa, Milwaukee, Fort Worth , Texas
York CNN —Teamsters President Sean O’Brien will speak to the Republican National Convention in Milwaukee in July, a sign that former President Donald Trump’s campaign is hoping to peel off the support of union members from President Joe Biden. But unlike other speakers at the RNC, O’Brien’s appearance does not represent an endorsement of Trump, according to Teamsters union spokesperson Kara Deniz. O’Brien has requested the opportunity to also speak at the Democratic National Convention in Chicago in August. “Our GREAT convention will unify Americans and demonstrate to the nation’s working families they come first,” Trump wrote. “This is truly unprecedented since it will be the very first time a Teamsters General President has addressed the RNC,” she said in an email.
Persons: Sean O’Brien, Donald Trump’s, Joe Biden, Trump, Kara Deniz, O’Brien, Deniz, ” Trump, , ” Deniz, , ” “, John Palmer, Biden, Sen, Markwayne Mullin, Bernie Sanders, Matt Hill, – CNN’s Gregory Krieg, Kristen Holmes Organizations: York CNN, Republican National Convention, RNC, Teamsters, Democratic National Convention, DNC, United Auto Workers, National Labor Relations Board, AFL, UAW, National Education Association, Democratic, Republican Locations: York, Milwaukee, Chicago, Lago, Oklahoma
Musk’s mission to CannesAs advertising moguls traveled to southern France this week for the Cannes Lions festival — an annual rosé-filled celebration of their industry — the biggest guest was someone who had crudely told many of them to get lost. Elon Musk and his top lieutenant, Linda Yaccarino, were on hand to persuade brands to return to X in a bid to bolster their beleaguered ad business. A reminder: At the DealBook Summit, he lashed out at advertisers who had pulled back from X after he had endorsed an antisemitic conspiracy theory. of the ad giant WPP, asked Musk about the incident onstage on Wednesday, the X owner responded that he wasn’t referring to all advertisers. “Advertisers have a right to appear next to content that they find compatible with their brands,” Musk said.
Persons: Elon Musk, Linda Yaccarino, Musk, Mark Read, ” Musk Organizations: Cannes, Cannes Lions, WPP Locations: France
For decades, the mainstream Republican position on abortion rights was clear: Overturn Roe v. Wade and send the issue back to the states. But since June 2022, when the Supreme Court’s conservative majority did exactly that, Republicans have faced a question that few seemed to consider beforehand: What comes next?
Persons: Roe, Wade Organizations: Republican, Republicans
“I have had to learn how to manage my profound anxiety writing — or, in some cases, not manage very well,” she told CNN in a video interview. “Particularly, the anxiety I feel around writing a book that has so much to do with physical longing. “I don’t feel I’ve recovered, and I don’t expect to recover,” she said. “People in my life might think I’ve had an affair with a queer Korean American ballerina. I wanted to write a book suffused with queer joy and queer plenitude.
Persons: R.O, Kwon, , Jesse Dittmar, — they’re, Garth Greenwell, , Jin Han, Lidija, she’d, Phillip, Jin, , I’ve, “ I’ve, Philip, enlivening, ” Jin, ” Kwon, , ” “, Queerness Organizations: CNN, , Korean Locations: Seoul, San Francisco, Korean,
In 2023, Texas led the nation in solar installations on its power grid, surpassing California for its second consecutive year. Explosive power demand poses a challenge to the Biden administration's goal of converting the U.S. power grid to 100% clean electricity by 2035. Nextracker is a leading U.S. solar firm, building systems that allow panels to track to the position of the sun, improving the efficiency of solar power plants. Shugar pointed to the massive number of renewable projects in the U.S. seeking connection to the power grid. But as energy demand increases, the value of each additional hour should rise, eventually making longer duration batteries more cost effective, he said.
Persons: Brandon Bell, Andrés Gluski, Joseph Rand, We've, Kelley, Wells, Goldman Sachs, Biden, Ryan Sweezey, Wood Mackenzie, Richard Kinder, Kinder Morgan, Kinder, Amin Nasser, Nasser, Shugar, Lawrence, Lazard, Nextracker's Shugar, Lawrence Berkeley, Amol Phadke, Rand, Sweezey, Reid Ramdathsingh, Ramdathsingh, Fluence, John Zahurancik, Zahurancik, it's, Zahuranick Organizations: Getty, Renewables, Energy Information Administration, Department of Energy, Big Tech, Microsoft, AES Corporation, Google, AES, Meta, UBS, Solar, Lawrence Berkeley National Laboratory, U.S, Tech, North America, DOE, CNBC, University of California Berkeley's Goldman School of Public, Goldman School, Lawrence, Rystad Energy, Siemens Locations: Ector County , Texas, Texas, California, United States, U.S, Wells Fargo, Saudi, Houston, Lawrence Berkeley, Fluence's Americas
Nvidia stock still has 50% upside, according to Rosenblatt analyst Hans Mosesmann. That's according to Rosenblatt semiconductor analyst Hans Mosesmann, who increased his Nvidia price target to a street-high $200 per share on Tuesday. But going forward, the real profit story for Nvidia isn't in its hardware-focused GPU business, but rather in its software business, which is spearheaded by Nvidia's popular CUDA platform. Right now, Nvidia's hardware business is going through an unprecedented boom period. Mosesmann's bullishness on Nvidia's software platform was echoed by I/O Fund Tech analyst Beth Kindig last month.
Persons: Rosenblatt, Hans Mosesmann, Mosesmann, , Hopper, Blackwell, Rubin, Beth Kindig, Kindig Organizations: Nvidia, Service, Rosenblatt, Nvidia isn't, O Fund Tech
Read previewWillie Mays, the Hall of Famer with a career that spanned 22 seasons, has died at age 93, the San Francisco Giants announced in a post on X on Tuesday. At the time of his death, May had been the oldest living member of the Baseball Hall of Fame. In 1951, he joined the New York Giants. AdvertisementHe retired in 1973 with 24 All-Star awards and was inducted into the Baseball Hall of Fame in 1979. Advertisement"My father has passed away peacefully and among loved ones," Michael Mays told the Chronicle on Tuesday.
Persons: , Willie Mays, Greg Johnson, Mays, Margherite Wendell Chapman, Michael, Mae Louise Allen, Michael Mays Organizations: Service, of Famer, San Francisco Giants, Giants, Business, Baseball Hall of Fame, Birmingham Black Barons, Negro American League, MLB, New York Giants, of Fame, CBS, National League, New York Mets, The Giants, Mets, San Francisco, Negro Leagues, St, Louis Cardinals Locations: America, New York City, Birmingham , Alabama
Nvidia stock has climbed 174% in 2024, as the AI boom continues to boost equities. The stock market was closed Wednesday for the Juneteenth holiday. S&P 500 futures were little changed on Wednesday as investors look for the benchmark to add to its latest record high. Nvidia already surpassed Apple by market cap earlier in June, and has cemented its place as the de facto market leader at the helm of the roaring AI theme on Wall Street. "Is it any surprise that we continue to argue that Wall Street (i.e., SP 500) is beating to a different drum than is Main Street (underlying US economy)?"
Persons: Scott Chronert, Thomas Fitzpatrick, O'Brien Organizations: Nvidia, Microsoft, Nasdaq, Apple, Investors, Broadcom, Citi, Associates
CNN —The most uncancellable person in US History — iconic American singer, songwriter and actress, Dolly Parton — has been caught in the crosshairs of cancel culture. Have the haters run afoul and gone and ruined Dolly Parton as the magical unifier that she has long been known for? But Dolly Parton slid through over the past years, decades even, largely unscathed by the polarization and division. Indeed, the pitchforks coming for Dolly Parton serve as an apt reminder of America’s decline and sheer terror of the evitability of civil war. That is, if we can heal from this episode and uncancel Dolly Parton.
Persons: Allison Hope’s, Dolly Parton —, Barbie, Parton, Allison Hope, Allison Hope Parton, Ericka Andersen, ” Andersen, , Dolly, , Dolly Parton, “ Jolene, Taylor Swift, Kanye West, , Dolly Patron, “ Jolene ” Organizations: CNN, Yorker, The New York Times, Washington, Federalist, Democratic, Twitter, Alabama hillbillies Locations: Slate, Switzerland, Conservative, Covid, California, Forge , Tennessee, America
The market is underestimating one corner of artificial intelligence, according to Morgan Stanley. The innovation in the sector is set to drive AI chip capabilities, said Morgan Stanley. Morgan Stanley says it sees "outsized winners" in Japan, South Korea and the European Union. Taiwan TSMC : Morgan Stanley noted the Taiwanese semiconductor firm is a major provider of CoWoS technology, a type of packaging technology. Japan Morgan Stanley says it favors Disco and Advantest the most out of all the companies in Japan that are producing equipment for advanced packaging.
Persons: Morgan Stanley, That's, Amkor, TSMC, — CNBC's Michael Bloom Organizations: Engineers, European Union, United, Semiconductor Assembly, Test Services, Apple, ACM Research, SK Hynix, SK Hynix's Locations: Japan, South Korea, United States, Arizona, Taiwan
Robert F. Kennedy Jr.’s Conspiracy of Ravens
  + stars: | 2024-06-19 | by ( Rebecca Davis O Brien | ) www.nytimes.com   time to read: +1 min
Robert F. Kennedy Jr. was getting annoyed, fingers tapping on his lawn chair. As a reporter and a photographer crouched expectantly in the bushes behind his Los Angeles home, his two wild ravens were refusing to cooperate with a photo shoot. “I’m not going to reward their bad behavior,” he said at last, closing the greasy bag of meat scraps he had brought out for the birds. As an independent presidential candidate, Mr. Kennedy, 70, has leaned into his storied political lineage, his career in environmental law and his caustic anti-establishment beliefs that at times veer into conspiracy theory. And yet I was surprised recently when a routine phone call to ask Mr. Kennedy for comment about another article was interrupted by a loud “caw” at the other end of the line.
Persons: Robert F, Kennedy Jr, crouched expectantly, “ I’m, , strode, Kennedy Locations: Angeles
Jayson Tatum #0 of the Boston Celtics rebounds the ball against the Dallas Mavericks during Game 5 of the 2024 NBA Finals on June 17, 2024 at the TD Garden in Boston. Jesse D. Garrabrant | National Basketball Association | Getty ImagesThe Boston Celtics again stand alone among NBA champions. Jayson Tatum had 31 points, 11 assists and eight rebounds as the Celtics topped the Dallas Mavericks 106-88 on Monday night to win the franchise's 18th championship, breaking a tie with the Los Angeles Lakers for the most in league history. Luka Doncic #77 of the Dallas Mavericks shoots the ball against the Boston Celtics during Game 5 of the 2024 NBA Finals on June 17, 2024 at the TD Garden in Boston. Jaylen Brown #7 of the Boston Celtics shoots a three point basket against the Dallas Mavericks during Game 5 of the 2024 NBA Finals on June 17, 2024 at the TD Garden in Boston.
Persons: Jayson Tatum, Jesse D, Larry O'Brien, Jaylen Brown, Jrue Holiday, Kristaps Porzingis, Joe Mazzulla, Bill Russell, Luka Doncic, Nathaniel S, Butler, Irving, Tatum, Brown, Payton Pritchard – Organizations: Boston Celtics, Dallas Mavericks, National Basketball Association, Getty, NBA, Celtics, Los Angeles Lakers, Boston, Big, Kristaps, Luka, Dallas, Mavericks, Brooklyn Nets Locations: Boston
Read previewDonald Trump's former White House national security advisor is arguing that a second term in office should involve restarting US nuclear testing for the first time in over 30 years. No one wins a nuclear arms race, he said. Kimball called out the difference between O'Brien's argument for the resumption of nuclear testing with the Biden administration's current policy, which remains dedicated to the status quo. "Resuming nuclear testing would reduce US technical superiority over Russia and China because they would immediately follow and have much more to learn," he said. O'Brien's push for resumed testing shouldn't necessarily come as a surprise.
Persons: , Donald Trump's, That's, Robert O'Brien, Trump, O'Brien, Jon B, Obama, Donald Trump, Xi Jinping, Brendan Smialowski, Wolfsthal, Daryl Kimball, Strangelove, Kimball, Biden, Joe Biden's, Jake Sullivan, We've, Maxim Zmeyev, Jeffrey Lewis, Hans Kristensen, John Bolton Organizations: Service, White House, Business, Foreign Affairs, United, Russian, Getty, US, Arms Control, Joe Biden's National, Middlebury Institute of International Studies, Federation of American, US State Department Locations: Russia, China, United States, Washington, US, AFP, PRC, People's Republic of China, Moscow, Monterey
Amazon Union Workers Join Forces With the Teamsters
  + stars: | 2024-06-18 | by ( Noam Scheiber | ) www.nytimes.com   time to read: +1 min
After years of organizing Amazon workers and pressuring the company to bargain over wages and working conditions, two prominent unions are teaming up to challenge the online retailer. The partnership was made final in voting that ended on Monday after members of the Amazon Labor Union, the only union formally representing Amazon warehouse workers in the United States, voted overwhelmingly to affiliate with the 1.3-million-member International Brotherhood of Teamsters. The vote was overseen by the Amazon union. Leaders of both unions said the affiliation agreement would put them in a better position to challenge Amazon and would provide the A.L.U. will fight fearlessly to ensure Amazon workers secure the good jobs and safe working conditions they deserve in a union contract,” Sean O’Brien, the Teamsters president, said in a statement early Tuesday.
Persons: , fearlessly, ” Sean O’Brien Organizations: Amazon Labor Union, Brotherhood of Teamsters, Amazon, Teamsters, A.L.U Locations: United States, Staten Island
Shortly after Boeing’s chief executive, Dave Calhoun, took his seat, families who lost relatives in the 2018 and 2019 crashes of the company’s 737 Max 8 planes called out to him, demanding that he turn around and acknowledge them and the photos of their loved ones. Among those behind Mr. Calhoun were the parents and brother of Samya Rose Stumo, the 24-year-old who was killed in the 2019 Ethiopian Airlines accident and the grandniece of Ralph Nader, the consumer advocate and former presidential candidate. Nearby sat the family of John Barnett, the former Boeing engineer and whistle-blower who died by suicide earlier this year in the midst of a Justice Department criminal investigation into the company. Others held photos of their loved ones lost in the crashes. “I would like to apologize, on behalf of all of our Boeing associates spread throughout the world, past and present, for your losses,” Mr. Calhoun said while facing the families.
Persons: Dave Calhoun, Calhoun, Samya Rose Stumo, Ralph Nader, John Barnett, ” Mr, Calhoun’s Organizations: Boeing, Justice Department, Alaska Airlines Locations: Portland , Ore
At the time, Mr. Biden was widely expected to be Mr. Trump’s opponent in the 2020 election. Eugene Vindman, who was dismissed from the White House early in 2020, he says as improper retaliation for his whistle-blowing actions, raised a remarkable sum of money for a first-time candidate. “I sacrificed my military career to expose Trump’s corruption,” Eugene Vindman said in one of his campaign ads. His election to the House is not guaranteed. But Glenn Youngkin, a Republican, won the district the year before by 4.9 points en route to winning the governor’s mansion.
Persons: Mike O’Brien, Janelle Stelson, Scott Perry, Trump, Volodymyr Zelensky, Biden’s, Hunter, Biden, Alexander Vindman, Eugene Vindman, , ” Eugene Vindman, Spanberger, Glenn Youngkin Organizations: Marine Corps, Pennsylvania Democratic, Trump Republican, Army, White House National Security Council, Ukraine’s, Mr, Democrat, Republican Locations: Pennsylvania, Washington’s, Richmond
Dara Treseder, CMO, AutodeskAutodeskSince joining Autodesk in 2022, Treseder has been instrumental in driving brand awareness for the design industry software company, boosting new business, and increasing customer satisfaction scores. Her efforts have helped Autodesk exceed its marketing-contributed pipeline targets by 41% and increase campaign conversion rates by 30%, the company said. In 2023, Treseder led five attention-grabbing brand activations that reached 178 million people, improved brand reach by 4%, and boosted web traffic referrals from social media by 44%. Treseder has also been shepherding the launch of Autodesk's generative AI 3D-modeling technology. Treseder has been particularly successful in driving growth for Autodesk's education business, with users increasing by 20 million since she joined the company.
Persons: Dara Treseder, Treseder, That's Organizations: Autodesk Autodesk, Autodesk, Marvel, New York Times, Design, Howard University, Public Health Institute, Autodesk Foundation Locations: Las Vegas, South Africa
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