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☆ How Apple, Microsoft and 3 other tech giants can make money with AI geared to consumers
▼ + stars: | 2024-06-16 | by ( Morgan Chittum | ) www.cnbc.com time to read: +10 min

(Expected AI-driven device upgrades from Apple, Microsoft, and other personal tech makers is the reason we're invested in Best Buy . Microsoft, Apple and fellow Club name Nvidia have all eclipsed $3 trillion market values — and have been wrestling for the top spot as the most valuable U.S. company. META YTD mountain Meta Platforms (META) year-to-date performance Meta Platforms is monetizing consumer interest in AI by boosting user engagement. The Meta AI generative artificial intelligence assistant is currently free to use. AMZN YTD mountain Amazon (AMZN) year-to-performance Comparable to Meta, Amazon offers AI to consumers for free to increase engagement on its dominant e-commerce platform.

Persons: Tim Cook, Siri, Apple, WWDC, Piper Sandler, Jim Cramer, Bard, Missteps, Jim, Jim Cramer's, Eugene Mymrin Organizations: Apple, Apple Intelligence, Developer Conference, Microsoft, Services, Cook, Co, AI Party, Bloomberg, Microsoft's, Computing, Club, Nvidia, Gmail, Google, ChatGPT, Facebook, Citi, Meta, Amazon, Amazon Web Services, CNBC Locations: China, Cupertino, U.S

☆ Amazon built a big business with tiny orders. Now Walmart is stealing the strategy.
▼ + stars: | 2024-06-16 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +1 min

Amazon's typical shopper makes 72 purchases per year from the site, usually with small basket sizes. Now, Walmart's CFO says Walmart+ members are increasingly placing orders of just one or two items. The Walmart US CEO also said it takes a shopper four orders on average to embrace frequent delivery. AdvertisementAmazon was able to achieve e-commerce dominance in part through millions and millions of tiny orders. By contrast, Walmart's typical shopper shops a little less frequently and spends more per transaction, and tends to shop more in-store.

Persons: — Organizations: Walmart, Service, Business

☆ Gov. Wes Moore's message of patriotism and service could be a blueprint for Democrats in a divided US
▼ + stars: | 2024-06-16 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Moore's visit to the Tar Heel State came as Stein, who is now the attorney general, launched his "Veterans for Stein" campaign coalition. "[W]e're pushing back against a lot of these individual forces who are trying to claim this mantle of patriotism and are actually restricting rights in the name of patriotism," Moore told BI at the time. Even though former President Donald Trump won North Carolina in 2016 and 2020, Stein won his attorney general races in the same general election. He said the attorney general shares the values veterans are looking for, especially on issues like health care and housing affordability. "He's consistently stood up for veterans as attorney general," the governor told BI last week.

Persons: —, Wes Moore, Josh Stein, Stein, Moore, shouldn't, Moore's, he's, Michael Feggans, Donald Trump, He's Organizations: Service, Democratic, Business, Veterans, North, 82nd Airborne Division, US Army, Virginia Beach, of, North Carolina Locations: Maryland, North Carolina, Afghanistan, United States, Virginia, Hampton

☆ The Greens Are Dead. Long Live the Greens!
▼ + stars: | 2024-06-16 | by ( Matina Stevis-Gridneff | ) www.nytimes.com time to read: +1 min

There is no sugarcoating it: losing one-third of their seats in the European Parliament elections last week, the Greens tanked. The European Union has in recent years emerged as the world’s most ambitious frontier in fighting climate change. European voters are anxious about the war in Ukraine and its effect on defense and the economy. A cost-of-living crisis fueled by the coronavirus pandemic is still gripping core European Union members. In this new set of priorities, the Greens’ appeal seems to have faded — or worse, made them appear out of touch.

Organizations: Greens, European, Union Locations: Ukraine

☆ I audited my Amazon Prime membership to see if the $139 annual fee is still worth it
▼ + stars: | 2024-06-16 | by ( Nicolas Vega | ) www.cnbc.com time to read: +4 min

That's the question I've been asking myself every June since Amazon Prime first hooked me more than 10 years ago with a deeply discounted rate for college students. Let's audit the Prime perks that I do — and don't — use, and see if it's worth keeping around for another year. But the convenience of being able to find most products I'm shopping for and receive them in a timely manner is still a huge value for me. Smith Collection/gado | Archive Photos | Getty ImagesOn paper, there's value that I'm leaving on the table with my Prime membership. The newly added Grubhub+ membership is nice to have, but spending more money on take-out because of Amazon Prime will only make my membership feel more expensive, not less.

Persons: I've, I'm, It's, aren't Organizations: Amazon, Netflix, Max, Spotify, Getty, UPS, Yankees, Foods, New York Public Library Locations: Seattle

☆ How the Christ Redeemer statue in Rio de Janeiro became the symbol of Brazil
▼ + stars: | 2024-06-15 | by ( Julia Buckley | ) edition.cnn.com time to read: +13 min

Perched on the Corcovado – a 2,300-foot-high granite outcrop looming above the city – the Cristo Redentor (Christ Redeemer) statue sweeps its arms out in a warm embrace, welcoming visitors to the city of samba. “It is he who finds me when I arrive in Rio.”For over a century, the statue has been a symbol of Rio de Janeiro. Christ Redeemer bags are his top sellers, tied with those sporting the Sugarloaf Mountain. Deemed one of the seven modern wonders of the world, the Christ Redeemer is Rio’s most visited attraction, says tour guide Cristina Arroio. Maybe that’s the ultimate miracle of the Christ Redeemer.

Persons: ”, Gilson Martins, Michelle Obama, Heitor da Silva Costa, Jesus teetering, Paulo Vidal, it’s, Vidal, Instituto Moreira Salles, Jesus Christ, Da Silva Costa –, –, Carlos Oswald, Paul Landowski, Da Silva Costa, Soapstone, Márcia Braga, Work, IPHAN, It’s, Matthew Stockman, Gilson Martins Braga –, “, Braga, ” Gilson Martins, ’, Emmanuele, Tom Jobin, “ Da, O, que lindo, ” Martins, ’ ”, Francesco Perrotta, Lina Bo Bardi, Corcovado, Mauro Pimentel, Cristina Arroio Organizations: CNN, Instituto, Nacional, Historical, Heritage, UNESCO, “, Guanabara ”, cariocas, Bosch, Getty Locations: Rio de Janeiro, Rio, Brazil, Calvary, Polish, Latin America, steatite, Minas Gerais, Braga, Ipanema, Guanabara, ” Rio de Janeiro, AFP

What is the value of peace talks that aren’t actually talks between the warring sides? President Volodymyr Zelensky of Ukraine was due to open a peace conference in Switzerland on Saturday that is intended to shore up support for his country’s negotiating positions with backing from as many nations as possible. Yet even as the two-day gathering has emerged as the most widely embraced diplomatic effort to date to end the war, for now, the effort excludes Russia. The plan has drawn criticism from some countries, like China and Brazil, that say Russia and Ukraine need to negotiate directly for any chance to end the fighting. Mr. Zelensky’s 10-point peace plan involves Russia’s withdrawing in full from Ukrainian territory, paying reparations and facing justice over any war crimes.

Persons: aren’t, Volodymyr Zelensky, ” Celso Amorim, Luiz Inácio Lula da Silva, “, ” Mr, Zelensky, Zelensky’s Locations: Ukraine, Switzerland, Russia, Lucerne, China, Brazil

☆ Bitcoin will hit $500,000 by the end of this decade as ETF demand booms, Bernstein says
▼ + stars: | 2024-06-15 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Bitcoin is predicted to hit $500,000 by 2029, according to Bernstein. The bullish outlook is driven by a sustained boom in demand for bitcoin ETFs, combined with constrained supply. AdvertisementThe price of bitcoin is set to soar to $500,000 by the end of the decade, according to a recent note from Bernstein. Advertisement"This is led by unprecedented Bitcoin demand ($190Bn AUM in 2025E vs. $60Bn today) via ETFs run by the world's leading asset managers, and Bitcoin supply being constrained," Bernstein said. Bernstein argues that MicroStrategy deserves the premium valuation as it offers investors an "active-leveraged" strategy compared to passive bitcoin ETFs.

Persons: Bitcoin, Bernstein, —, Gautam Chhugani, Mahika Sapra, bitcoin, Chhugani, Sapra, MicroStrategy Organizations: Service, BTC

Representatives from the warring nations held peace talks in the early weeks of the Russian invasion. It was the only time that Ukrainian and Russian officials are known to have engaged in direct peace talks. This includes the Crimean Peninsula, which Mr. Putin annexed in 2014 in a swift operation that he considers central to his legacy. At another point, Russia’s lead negotiator, Mr. Medinsky, interrupted a video conference by claiming that Mr. Putin was phoning him directly. There were signs that Mr. Putin was micromanaging not only the Russian invasion but also the peace talks.

Persons: Vladimir V, Putin, —, Putin’s, … ”, “, Oleksandr Chalyi, Mr, Vladimir Medinsky, Oleksii Reznikov, Vladimir Putin, Leonid Slutsky, Medinsky, ”, Aleksandr Fomin, Reznikov, Ukraine’s, … “, Sergey Ponomarev, Ukraine —, Andrzej Duda, Duda, Putin “, Recep Tayyip Erdogan, Murat Cetin Muhurdar, Russia’s, Zelensky, …, ‘, ’, Daniel Berehulak, Davyd Arakhamia, ” “, Roman Abramovich, ” Mr, Arakhamia, Abramovich, micromanaging, Nanna Heitmann, France —, Laetitia Vancon, Kamala Harris, Volodymyr Zelensky, “ Putin, Marc Weller, Russia “, Weller Organizations: The New York Times, Ukraine, Kremlin, NATO, “, Russian Federation, ”, European Union, West, Ministry, Times, Europe’s, Russian, Moscow, Donetsk People's, Nazi, U.S, Ukrainian, Turkish Presidential Press Service, Agence France, The Times, Russia, New York Times, stoke, Cambridge Locations: Ukraine, Russia, Moscow, Kyiv, Crimean, Switzerland, Ukrainian, Crimea, “ Ukraine, Republic of Crimea, Sevastopol, ”, … ” Russia, Russian, ” Russia, Istanbul, Geneva, Belarus, Western, Russia’s, Donetsk, Donetsk People's Republic, Luhansk People's Republic, Simferopol, Poland, Germany, France, European, Brussels, Turkish, Zelensky, “, Great Britain, China, United States, Turkey, Canada, Italy, Israel, Bucha, Washington, Swiss, Russians

☆ Opinion | Jan. 6, America’s Rupture and the Strange, Forgotten Power of Oblivion
▼ + stars: | 2024-06-15 | by ( Linda Kinstler | ) www.nytimes.com time to read: +1 min

On March 4, Judge Tanya Chutkan presided over jury selection for a criminal trial in a Jan. 6, 2021, case. On his first day in court, Mr. Nester sat next to his attorney wearing a collared shirt and a tie, his glasses perched atop his gray hair. He glumly surveyed the potential jurors seated in the benches behind him, 12 of whom would later that week determine his fate. Mr. Trump, whose criminal trial has been put on hold pending Supreme Court review, spent that week on the campaign trail. Mr. Nester is the among the latest in a long string of Jan. 6 insurrectionists who have over the past three and a half years sat for trial in the E. Barrett Prettyman U.S.

Persons: Tanya Chutkan, Donald Trump, Nester, glumly, Trump, Barrett Prettyman Organizations: Capitol, Courthouse Locations: Pennsylvania, Washington, Washington ,

☆ A nutritionist shares 2 unusual tips to get the most benefit from immunity-boosting foods
▼ + stars: | 2024-06-15 | by ( Renée Onque | ) www.cnbc.com time to read: 1 min

Experts say you should aim to bolster your immune system no matter the season, and diet is a major way you can do just that. Gut health can contribute to the state of your immune system, Kim Shapira, a dietitian and nutrition therapist, tells CNBC Make It. Shapira recommends these "quick ways to repair your gut" and boost your immunity:Eat foods high in omega-3s including flax seeds, chia seeds, hemp seeds and fatty fishGet diverse servings of fruits and vegetables in your dietTake a good quality probioticAdd fermented foods to your mealsReach for foods high in antioxidants like vitamin A, C, D, E and K (including mushrooms, seeds, asparagus, berries or oranges)Aim to eat whole grains that are high in fiberBut Shapira points out that it's not only what you eat but how you eat it, too. Here are two tips she has for getting the most nutrients from the foods you eat.

Persons: Kim Shapira, Shapira, chia Organizations: CNBC

☆ It’s Not Just Russia: China Joins the G7’s List of Adversaries
▼ + stars: | 2024-06-15 | by ( David E. Sanger | ) www.nytimes.com time to read: +1 min

President Biden was eager to get off the stage at the Group of 7 summit Thursday night, clearly a bit testy after answering questions about Hunter Biden’s conviction and the prospects of a cease-fire in Gaza. But at the end of his news conference with President Volodymyr Zelensky of Ukraine, he couldn’t seem to help jumping in as the Ukrainian leader spoke delicately about China’s tightening relationship with Russia. He leaned into his microphone as soon as Mr. Zelensky was finished. “By the way, China is not supplying weapons” for the war in Ukraine, Mr. Biden said, “but the ability to produce those weapons and the technology available to do it.”“So, it is, in fact, helping Russia,” he said. Throughout the Group of 7 summit meeting in Puglia, China has been the lurking presence: as the savior of “Russia’s war machine,” in the words of the summit’s final communiqué; as an intensifying threat in the South China Sea; and as a wayward economic actor, dumping electric cars in Western markets and threatening to withhold critical minerals needed by high-tech industries.

Persons: Biden, Hunter Biden’s, Volodymyr Zelensky, Zelensky, ”, “ Organizations: Group, “ Locations: Gaza, Ukraine, Russia, China, Puglia, South China

☆ How Morgan Stanley says to play the next wave of the AI trade
▼ + stars: | 2024-06-14 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

As the field of stocks that both serve artificial intelligence data centers and have outperformed the rest of the market grows, Morgan Stanley is changing its approach in a search for value. All of the stocks included are rated overweight at Morgan Stanley. Morgan Stanley upgraded Ciena Corporation to overweight as part of the note and in concert with its GVAT model. NVDA YTD mountain Nvidia stock. Other names on the Morgan Stanley list include Broadcom and Taiwan Semiconductor Manufacturing .

Persons: Morgan Stanley, Meta Marshall, Marshall Organizations: Nvidia, Wall, Ciena Corporation, Broadcom, Taiwan Semiconductor Manufacturing

☆ CNBC Daily Open: Mega money Musk, Kitty's stake grows
▼ + stars: | 2024-06-14 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Chipmaker Broadcom soared after it delivered better-than-expected second-quarter earnings and announced a 10-for-1 stock split. Mainland China's CSI 300 index fell 0.4%, while South Korea's Kospi rose 0.3%. Broadcom's shares soared 13% after reporting earnings that beat analyst expectations and announcing a 10-for-1 stock split.% after reporting earnings that beat analyst expectations and announcing a 10-for-1 stock split.

Persons: Elon, Musk, Janet Yellen, that's, Yellen, CNBC's Andrew Ross Sorkin, That's, Kitty, Keith Gill, Gill, Australia's, BofA Organizations: CNBC, Dow, Nasdaq, Broadcom, Dow Jones, Musk, Treasury, GameStop, Trade, Nikkei, Bank of Japan's, U.S, China's CSI, Chipmaker Broadcom, Bank of America Locations: U.S, Delaware, Japan, South

☆ Roaring Kitty becomes the 4th largest GameStop shareholder after nearly doubling his position to 9 million shares
▼ + stars: | 2024-06-14 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Keith Gill appears to have nearly doubled his GameStop position to nine million shares. AdvertisementKeith Gill, better known as Roaring Kitty on social media, appears to have nearly doubled his position in GameStop stock. With Gill's massive options position in the money, he partially sold the options and exercised some to acquire an additional 4 million shares at $20 each. He was briefly worth nearly $1 billion when GameStop stock soared to more than $60 in after-hours trading last week. Gill's nine million shares in GameStop are slightly ahead of the 8.3 million shares owned by State Street and behind the more than 20 million shares BlackRock, Vanguard, and GameStop CEO Ryan Cohen each hold.

Persons: Keith Gill, Gill, —, Ryan Cohen, Reddit Organizations: GameStop, Service, State Street, BlackRock, Vanguard, SEC

☆ Will Donald Trump go to jail? Here's what to expect from the former president's sentencing
▼ + stars: | 2024-06-14 | by ( Jeff Huang | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWill Donald Trump go to jail? Here's what to expect from the former president's sentencingFormer U.S. President Donald Trump was found guilty of 34 counts of falsifying business records during his hush money criminal trial in New York City. That's a class E felony punishable by a fine, probation or up to four years in prison per count. CNBC's Dan Mangan breaks down the different legal scenarios the former president could find himself in when he receives his sentencing on July 11.

Persons: Will Donald Trump, Donald Trump, CNBC's Dan Mangan Organizations: U.S Locations: New York City, That's

☆ Trump Once Promised to Revive Coal. Now, He Rarely Mentions It.
▼ + stars: | 2024-06-14 | by ( Lisa Friedman | ) www.nytimes.com time to read: +1 min

The first time Donald J. Trump ran for president, he slapped on a miner’s helmet and told coal workers they would be “winning, winning, winning” when he entered the White House. Now, as Mr. Trump campaigns for another chance at the presidency, he rarely mentions America’s coal miners and has stopped making grand promises about their future. Top among them: Mr. Trump oversaw coal’s decline, not its salvation. Despite the fact that Mr. Trump gutted climate regulations and appointed a coal lobbyist to lead the country’s top environmental agency, 75 coal-fired power plants closed and the industry shed about 13,000 jobs during his presidency. “Not a single coal miner went back to work or power plant saved,” said Erin E. Bates, a spokeswoman for the United Mine Workers of America, the labor organization representing coal miners.

Persons: Donald J, Trump, “, ”, Erin E, Bates Organizations: White, United Mine Workers of America

Shareholders in Tesla voted in favor of his two big asks, reaffirming a multibillion-dollar compensation package that a Delaware judge had nullified and approving the company’s reincorporation in Texas. “I think we’re not just opening a new chapter for Tesla, we’re starting a new book,” a jubilant Musk told shareholders at the company’s annual meeting. The vote doesn’t end Tesla and Musk’s legal fights in Delaware, including over the compensation plan. About 84 percent of votes cast, excluding the Musks’ shares, backed the reincorporation proposal. DealBook hears that Tesla succeeded in getting retail investors, who were overwhelmingly supportive of Musk, to vote in far greater numbers than they usually do.

Persons: Elon Musk, “, Tesla, ”, Musk, ” Musk, aren’t, Kimbal Organizations: Tesla, Wall Street, Vanguard, BlackRock Locations: Delaware, Texas

☆ Japan can't get enough of tiny vehicles. Here's Honda's latest: a $15,500 miniature EV truck.
▼ + stars: | 2024-06-14 | by ( Tom Carter | ) www.businessinsider.com time to read: +1 min

Honda has unveiled the N-VAN e, a tiny electric truck costing from $15,500. The diminutive truck is targeted at delivery companies and goes on sale in Japan in October. Japan is famous for its tiny Kei cars, which are ideal for short journeys and city driving. Now, Honda is getting into the tiny EV game. The Japanese automaker has unveiled the N-VAN e, a miniature electric truck that starts at 2.44 million yen ($15,500).

Persons: —, Nissan Organizations: Honda, Service, Kei, Bloomberg Locations: Japan, Tokyo

☆ How Tesla Shareholders Upheld Elon Musk’s Sky-High Pay
▼ + stars: | 2024-06-14 | by ( Lily Boyce | Jason Karaian | ) www.nytimes.com time to read: +5 min

How Tesla Shareholders Upheld Elon Musk’s Sky-High PayTesla shareholders on Thursday voted to reaffirm a roughly $48 billion compensation package for Elon Musk, which was originally approved in 2018 and was nullified by a judge early this year. Mr. Musk’s pay package helped him become one of the richest people in the world. Thursday’s vote arose from a court case in Delaware, where the company is incorporated, that voided Mr. Musk’s pay package. California Public Employees’ Retirement System, or CalPERS, the largest pension fund in the United States, also opposed the pay package. The debate about Mr. Musk’s compensation raised questions about the limits of executive compensation and the accountability of Silicon Valley billionaires whose wealth gives them vast influence.

Persons: Elon Musk, Elon, Kimbal, Tesla, Musk, Eli Lilly, Nvidia Berkshire Hathaway Apple Tesla, Bernstein Organizations: Tesla, Elon, Sky, The New York, Mr, Norges Bank Investment Management, California Public, Broadcom, Chase Amazon, Nvidia Berkshire, The New York Times, Silicon, SpaceX, Fortune Locations: Delaware, United States, Texas, Austin

☆ Competition in the housing market is cooling off. Here's why
▼ + stars: | 2024-06-14 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +4 min

"You have an increase in sellers coming back on the market," said Orphe Divounguy, a senior economist at Zillow. "Homes are staying on the market for a bit longer because the sales are not keeping up with the flow of homes coming on the market," Divounguy said. watch nowYet despite the recent jump in supply, "we're still starved for inventory in the for-sale market," said Divounguy. Homebuyers are waiting on lower mortgage ratesAs mortgage rates have remained high and housing affordability has strained household finances, buyers have been unable to jump in the market, Divounguy explained. While mortgage rates could "change pretty quickly" or "on a dime," said Fairweather, buyers are unlikely to see big movement in the near term.

Persons: Orphe Divounguy, Zillow, Divounguy, Redfin, Daryl Fairweather, We're, Fairweather, Freddie Mac, homebuyers, It's, there's Organizations: Zillow, Finance, Biden, Trump, Federal Reserve, Fed Locations: U.S, Dallas , Texas, Fort Lauderdale , Florida, Florida, Tampa, Jacksonville

☆ Greek archaeologists discover 4,000-year-old stone building on hill earmarked for new airport
▼ + stars: | 2024-06-14 | by ( The Associated Press | ) edition.cnn.com time to read: +3 min

AP —A big, round, 4,000-year-old stone building discovered on a Cretan hilltop is puzzling archaeologists and threatening to disrupt a major airport project on the Greek tourist island. Resembling a huge car wheel from above, the ruins of the labyrinthine, 1,800-square-meter (19,000-square-foot) building came to light during a recent dig by archaeologists. The building may have been used for religious or ritual purposes, the Greek Culture Ministry said. Greek Culture Ministry/APThe site was earmarked for a radar station to serve a new airport under construction near the town of Kastelli. Archaeologists don’t yet know what the hilltop structure was for.

Persons: it’s, Greece’s, It’s, Lina Mendoni, “ Organizations: AP, Ministry, Greek Culture Ministry, Athens International Locations: Kastelli, Heraklion, Knossos, Greece

☆ Here are Friday's biggest analyst calls: Nvidia, Tesla, Hasbro, Sunrun, Amazon, Costco, Spotify, Pinterest, Apple & more
▼ + stars: | 2024-06-14 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Piper Sandler reiterates Pinterest as a top pick Piper said it's sticking with its overweight rating on the stock. JPMorgan reiterates Amazon as overweight JPMorgan said the e-commerce giant remains a top pick at the firm. The firm also says it's sticking with its outperform rating on Apple. "We are reiterating our Buy rating and raising our price target on shares of Costco from $890 to $940." Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it's sticking with its overweight rating on Tesla .

Persons: Bernstein, it's, D.A, Davidson, KBW, Tesla, underperform Bernstein, Musk, Piper Sandler, Pinterest, Piper, Evercore, Morgan Stanley, Sunrun, Guggenheim, Macquarie, Roblox, TD Cowen, Cowen, Michael Colglazier, Morgan Stanley downgrades Twilio, JPMorgan, GenAI, Wolfe, Elon Organizations: Bank of America, Elon, Spotify, UBS, TPC, Galactic, America, JPMorgan, Adobe, " Bank of America, Hasbro, of America, Monopoly, Apple, Baidu, Apple Intelligence, Costco, Nvidia, Tesla Locations: China

☆ Stocks making the biggest moves midday: Adobe, RH, Hasbro and more
▼ + stars: | 2024-06-14 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines in midday trading: Adobe — The software stock surged 14% on stronger-than-expected quarterly results. Adobe posted adjusted earnings of $4.48 per share on $5.31 billion in revenue and boosted its full-year guidance. JPMorgan also upgraded shares to overweight from neutral. Hasbro — The toymaker's shares jumped 4.8% on the back of an upgrade from Bank of America to buy from neutral. Dell Technologies — The PC maker fell more than 1% after CEO Michael Dell disclosed the sale of 5.7 million shares.

Persons: RH, LSEG, Zscaler, Keith Gill, Stellantis, Michael Dell, —, Alex Harring, Michelle Fox, Pia Singh Organizations: Adobe, JPMorgan, Wall, Hasbro, Bank of America, Zero Trust Network Security, Boeing — Boeing, Federal Aviation Administration, Airbus, New York Times, GameStop, Dell Technologies Locations: Bank, U.S

☆ Jared Kushner's post-White House deal-making included badly timed bet on Amazon aggregator
▼ + stars: | 2024-06-14 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +16 min

Kushner started Affinity in 2021, shortly after leaving his advisory role in the White House alongside his wife, Ivanka Trump. Neumann, who was ultimately ousted from WeWork by top SoftBank execs, introduced Kushner to Unybrands early the following year. Affinity's investment in Unybrands, which hasn't previously been reported, was one of the private equity firm's earliest deals. Following a continued slide, the company laid off roughly 10% of its staff in November 2022, according to people familiar with the matter. The House Oversight Committee launched an investigation into the investment in 2022, looking into whether Kushner's financial interests influenced Trump's foreign policy.

Persons: Jared Kushner, Alex Brandon, Kushner, Weeks, Ivanka Trump, Trump, Saudi Crown Prince Mohammed bin Salman, Jamal Khashoggi, WeWork, Adam Neumann, Neumann, Unybrands, hasn't, —, Catterton, Jason Somerville, Somerville, it's, didn't, headcount, Donald Trump, Gary Cohn, Crown Prince, Mohammed bin Salman, Jonathan Ernst, Crown Prince Mohammed bin Salman, Carolyn Maloney, Ron Wyden, Kushner didn't, Ulrich Kratz, Goldman Sachs, Kratz, Kushner's, Ian Brekke, Asad Naqvi, Bret Pearlman, Roger McNamee, Max Fink, Neumann's, Brekke, Naqvi, Pearlman, Fink, Shahar Azran, Eugen Miropolski, Robyn Laguette, Mark Goldfinger, Joe Biden, Lex, Jeff Bezos, Sam Altman, Ye, I've Organizations: U.S . Capitol, Capitol, Reuters, Affinity Partners, Companies, White House, Affinity, Saudi Crown, Unybrands, WeWork, CNBC, Amazon, BlackRock, Khosla Ventures, GW Partners, Saudi Arabia's Public Investment Fund, United Arab, Saudi Arabia's, Crown, Ritz Carlton Hotel, Saudi, Republicans, Crayhill Capital Management, Barclays, Goldman, Kushner, Investments II, Blackstone, Partners, Financial Services, CNBC it's, Israeli American Council, IAC, Getty, Kanye Locations: Washington, Amazon's, South Florida, Miami, Silicon Valley, Saudi, Saudi Arabia, Unybrands, United Arab Emirates, Qatar, Riyadh, Yemen, American, Austin , Texas, Gulf, Israel

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