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☆ Amazon's AI data center dream runs into the reality of 'zombie' facilities, higher costs, and labor shortages
▼ + stars: | 2024-10-23 | by ( Eugene Kim | ) www.businessinsider.com time to read: +13 min

Electricity and labor headwinds slow Amazon's data center buildout. AdvertisementAmazon is spending heavily on data centers to support booming AI workloads, putting it on pace to build 240 new facilities by 2040, one estimate found. David Cahn, a Sequoia Capital general partner, recently predicted data center delays across the sector. Bernstein Research recently estimated that electricity demand for AI data centers could exceed supply in just two years without action. An Amazon data center in Oregon.

Persons: —, It's, David Cahn, Marc Wulfraat, MWPVL, we've, Bernstein, Amazon's, Matt Garman, JOSH EDELSON, Garman, Manuel Pineda, Pineda, Owens Corning Organizations: Service, Sequoia Capital, Energy, Amazon, Boston Consulting Group, Bernstein Research, Business, Web, San Francisco 49ers, BI, AWS, Uptime Institute, Center, Survey Locations: AMER, Americas, Oregon , Ohio, Northern Virginia, Amazon's Portland, Arizona, Indiana, Pennsylvania, Silicon Valley, Santa Clara , California, Santa Clara, Levi's, City, Santa, Oregon

CNN —Vice President Kamala Harris and former President Donald Trump collided Friday in Michigan, both barnstorming the state as they wage a tight battle for its potentially decisive 15 Electoral College votes. He said he’d boost American auto manufacturing by slapping steep tariffs on imported vehicles. Rebecca Cook/ReutersBattle for Arab American votersTrump on Friday visited a campaign office in Hamtramck, which has a large Muslim and Arab American population. Trump has courted auto workers in Michigan with pledges to impose steep tariffs on vehicles imported from Mexico and China. Detroiters don’t give up on each other or their city, something Donald Trump will never understand,” Whitmer says in the 30-second spot.

Persons: Kamala Harris, Donald Trump, ’, Harris, Trump, Joe Biden, ” Trump, Biden, Hillary Clinton, Rebecca Cook, Amer Ghalib, Benjamin Netanyahu, ”, ” Harris, Assad Turfe, Yahya Sinwar, “, Shawn Fain, “ He’s, Reuters Trump, he’d, Trump’s, Gretchen Whitmer’s, “ Donald Trump, Detroiters don’t, ” Whitmer, Detroit “, CNN’s Ali, Ethan Cohen Organizations: CNN, Electoral, Trump, White House, Michigan, Biden, Democratic, Michigan —, Reuters, Arab American voters Trump, United Auto Workers, Motor, Economic, ” Michigan Democratic Gov, Hell PAC, Detroit Locations: Michigan, Oakland County, Detroit, Waterford Township, Grand Rapids, Western Michigan, Kent County, Lansing, Auburn Hills, . Michigan, Pennsylvania, Wisconsin, Gaza, Waterford Township , Michigan, Hamtramck, Arab, Wayne County, Lebanon, Israel, Mexico, China, America

☆ Trade Tracker: Bill Baruch buys the EEM and Amer Sports
▼ + stars: | 2024-10-14 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrade Tracker: Bill Baruch buys the EEM and Amer SportsBill Baruch, Founder & President Blue Line Capital, joins CNBC’s “Halftime Report” to explain why he's buying the EEM and Amer Sports

Persons: Bill Baruch Organizations: Amer, Blue Line

☆ Lawyer who twice grilled Trump in NY fraud case now helps lead a 14-state war on 'addictive' TikTok
▼ + stars: | 2024-10-08 | by ( Laura Italiano | ) www.businessinsider.com time to read: +4 min

Wallace twice grilled Trump in James' NY fraud case and also gave opening and closing statements. AdvertisementNew York Attorney General Letitia James with assistant attorneys general Andrew S. Amer, center, and Kevin C. Wallace, right. Related storiesAround-the-clock notifications disrupt their sleep, the "autoplay" feature provides an endless stream of videos, and "beauty filters" encourage young girls to "fix" their appearances, the James lawsuit alleges. AdvertisementThe TikTok lawsuit may be another of the kind of yearslong litigation marathons that James' office hasn't shied from since she first took office in 2019. The Trump fraud investigation began in 2018, and also isn't over yet.

Persons: NY AG Letitia James helms, Kevin Wallace, Wallace, Trump, —, Donald Trump, Letitia James, James, Kevin C, David, James ' Goliath, Andrew S, Amer, Brittainy Newman, TikTok, shied, Wayne LaPierre Organizations: NY AG, Service, Donald Trump , New York, Trump, Facebook, New, National Rifle Association Locations: James ', Donald Trump ,, Manhattan

☆ The UAE is still a beacon of value and growth: Al Ramz
▼ + stars: | 2024-10-03 | 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 EmailThe UAE is still a beacon of value and growth: Al RamzAmer Halawi, head of research at Al Ramz, discusses PMI data and the earnings outlook in the GCC.

Persons: Ramz Amer Halawi, Al Ramz Organizations: PMI, GCC Locations: UAE, Al

☆ Two major deals coming soon may help jumpstart the IPO market
▼ + stars: | 2024-09-27 | by ( Bob Pisani | ) www.cnbc.com time to read: +2 min

The company is seeking to sell 60 million shares at a price range of $20 to $23 per share. StandardAero previously filed to offer 46.5 million shares at the same $20 to $23 per share range. StandardAero will be a large IPO, likely raising about $1.3 billion at the midpoint. The IPO raise has been sub-par for three years running. IPO watchers note childcare provider KinderCare and digital health marketplace company Solera both could raise $500 million or more.

Persons: Safran, StandardAero, Carlyle, IPOs, StubHub Organizations: Dow Jones, Cerebras, StandardAero, New York Stock Exchange, GE Aerospace, Pratt & Whitney, Royce, Honeywell, Amer Sports, Ingram, Dunkin, Brands, Inspire Brands Locations: U.S

One of the nation’s largest Muslim political groups endorsed Vice President Kamala Harris on Wednesday despite fierce opposition to her Middle East policy, saying that stopping former President Donald Trump is paramount. Alzayat, of Emgage, said his group respected those in the community who are making different decisions. And he acknowledged the difficulty of backing Harris, pointing to Palestinian and Lebanese American staffers and supporters of the group. “We hold President Biden responsible for continuing to provide the Netanyahu government with weapons.,” Alzayat said, drawing a distinction with Harris. As she has over the past year, the Vice President will continue to work to prevent the conflict from widening throughout the region.”

Persons: Kamala Harris, Donald Trump, they’ve, Wa’el Alzayat, Trump, Joe Biden’s, Jill Stein, Harris, Cornel West, Chase Oliver, ”, Amer Ghalib, Alzayat, “, National Intelligence Ric Grennell, ” Trump, Benjamin Netanyahu, Emgage, Biden, Netanyahu, ” Alzayat, we’ve, ” Harris, Julie Chavez Rodriquez, Chavez Rodriquez Organizations: Wednesday, NBC News, ”, Democrats, Cornel West, Force, Libertarian Party, Arab, Lebanese American, Palestinian, Trump, National Intelligence, Biden Locations: Gaza, Lebanon, Hamtramck , Michigan, Emgage, Palestinian, Israel, Arab

☆ How pagers turned into explosive devices in Lebanon
▼ + stars: | 2024-09-20 | by ( Bruna Horvath | Bruna Horvath Is An Intern On Nbc News' Tech Team. | ) www.nbcnews.com time to read: +6 min

Pagers, devices that are used every day as a crucial form of communication for health care professionals, became a deadly weapon Tuesday as thousands of them simultaneously exploded in Lebanon, killing 37 people and injuring thousands. The explosions targeted the militant and political group Hezbollah, after the devices had reportedly begun beeping and heating up. Pagers are wireless communication devices that receive radio signals from short- or long-range paging networks. The pagers that exploded in Lebanon were made to appear as if they were Gold Apollo’s AR-924 pagers, but The New York Times reported that they were actually created by Israeli intelligence workers. Following the explosions on Tuesday, Hezbollah told Al Jazeera that the “treacherous and criminal enemy will certainly be punished for this aggressive act.”How did the pagers explode?

Persons: Al Jazeera, ” Israel, Mohamed Azakir, Amer Al Sabaileh, Matthew Pines, ” “, John Brennan, ” Brennan, Muhammad Mahdi, Firas Abiad, Mojtaba Amani Organizations: Hezbollah, New York Times, Consulting KFT, Consulting, NBC News, ”, American University of, American University of Beirut Medical Center, Strategic Advisory, CIA, National News Agency, Lebanese, Cross, American University of Beirut Medical Locations: Lebanon, Israel, Hungarian, Hungary, American University of Beirut, Syria

☆ Sirens sound as Yemeni missile lands in central Israel
▼ + stars: | 2024-09-15 | by ( Freddie Clayton | Freddie Clayton Is A Freelance Journalist Based In London. | ) www.nbcnews.com time to read: +2 min

Nine people were injured as they ran to shelters, after air raid sirens sounded in central Israel Sunday morning. A ballistic missile launched from Yemen crossed into Israel, landing in an open field outside Tel Aviv, the Israel Defense Forces said. The sirens were the first in months, and included Israel's Ben Gurion international airport in Tel Aviv, where local media showed footage of people racing to shelters. Responders put out a fire in the area of Lod, near Tel Aviv, in central Israel. The IDF originally said that a "surface-to-surface missile was identified crossing into central Israel from the East and fell in an open area."

Persons: Israel's Ben, MENAHEM KAHANA, Nasr Al, Din Amer, Al, Israel Organizations: Israel Defense Forces, NBC News, Reuters, Getty, IDF, Arabi, Israel, U.S . Embassy Locations: Israel, Yemen, Tel Aviv, Israel's Ben Gurion, Lod, AFP, Modiin, Yemen’s Iran, Gaza, U.S

☆ The Gulf's IPO market is doing 'really well,' analyst says
▼ + stars: | 2024-09-11 | 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 EmailThe Gulf's IPO market is doing 'really well,' analyst saysAmer Halawi, head of research at AL Ramz Corporation, discusses the outlook for the stock market in the Gulf countries.

Persons: Amer Halawi Organizations: AL Ramz Corporation

☆ Jill Stein recruiting Palestinian Americans for her running mate position
▼ + stars: | 2024-08-09 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Alex-Seitz-Wald-Circle-Byline-Template.Jpg | Alex Seitz-Wald | ) www.nbcnews.com time to read: +5 min

Green Party nominee Jill Stein has been recruiting Palestinian Americans to be her vice presidential running mate as the left-wing presidential candidate looks to exploit the community’s frustrations with Democrats' support for Israel during its war in Gaza. Stein is planning to announce her running mate next Friday. Arab and Muslim voters have typically voted Democratic. But President Joe Biden’s steadfast support for Israel turned off many Arab and Muslim voters, who comprise sizable portions of several battleground states, especially Michigan. Tim Walz, who has a good relationship with Muslim and Arab voters in his state, as the Democratic vice presidential nominee.

Persons: Jill Stein, Stein, Abdullah Hammoud, Hammoud, Noura, Kamala Harris, Joe Biden’s, Israel, Erakat, Harris, Rashida Tlaib, Abed Ayoub, “, ”, “ It’s, She’s, Ayoub, Biden, Tim Walz, Amer Zahr, ” Zahr, ‘, Donald Trump, Trump, Cornel West Organizations: Green, Israel, NBC, Democratic, Rutgers University, Muslim, Democrats, Detroit, Rep, Palestinian, Minnesota Gov, Trump, American Locations: Gaza, Dearborn , Michigan, Detroit, Michigan, Palestinian American, Washington, American, U.S, Israel, Arab, Dearborn

UNESCO's World Heritage Committee named a site in the Gaza Strip — Saint Hilarion Monastery, or Tell Umm Amer — to both its "World Heritage" and "World Heritage In Danger" lists in late July. The decision, made during the 46th session of the World Heritage Committee held in New Delhi, India, reflects the ancient monastery's value and need for protection, according to UNESCO. The Committee inscribed the monastery — one of the oldest sites in the Middle East, according to UNESCO — to both lists using an emergency procedure set forth in the World Heritage Convention. Use of the emergency procedureSimultaneous inscriptions to UNESCO's World Heritage and its "In Danger" lists are rather common, a UNESCO spokesperson told CNBC. Use of UNESCO's emergency procedure fast-tracked Saint Hilarion Monastery/Tell Umm Amer's inclusion onto its World Heritage Lists, a procedure which normally takes at least two years.

Persons: Umm Amer —, Hilarion, Umm Amer, Mohammed Abed, Biden Organizations: Heritage, World Heritage, UNESCO, UNESCO —, Heritage Convention, CNBC Travel, Getty, State Party, United States, CNBC, Workers Locations: Gaza, Hilarion, New Delhi, India, Israel, United States, Palestine, United, Riyadh, Saudi Arabia, Odesa, Saba, Saint Hilarion

☆ Analyst outlines the 'best weapons' long-term investors can use to deal with market volatility
▼ + stars: | 2024-08-06 | 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 EmailAnalyst outlines the 'best weapons' long-term investors can use to deal with market volatilityAmer Halawi, head of research at Al Ramz Corporation, discusses volatility in stock markets.

Persons: Amer Halawi Organizations: Amer, Al Ramz Corporation

Some of them were alums of Project Veritas, the conservative group known for elaborate sting operations targeting liberal organizations, journalists and unions. The man at the center of the fracas was Michael Spadone, a former Project Veritas field director. In that role he oversaw staffers who used hidden cameras to embarrass people Project Veritas targeted. James O’Keefe, the Project Veritas founder, was ousted from the nonprofit last year. Before Spadone left Project Veritas, he was the subject of a sexual harassment lawsuit filed by a former administrative assistant.

Persons: Michael Spadone, Spadone, “, ” Spadone, they’d, ”, It’s, James O’Keefe, Jeffrey Lichtman, didn’t, Zachary Glaza, Antonietta Zappier, Amer Zahr, Zahr shrugged, surveil, profanities, you’re, —, You’re, “ You’re, Uber, I’m, ’ ”, they’re Organizations: Veritas, NBC News, Project Veritas, Dearborn Police Department, Local, People’s Conference, Palestine, Henry, NBC Locations: Michigan, Dearborn, America, Palestinian American, American, we’re, Detroit

☆ Ancient monastery in war-ravaged Gaza placed on UNESCO’s danger list
▼ + stars: | 2024-07-29 | by ( Lianne Kolirin | ) edition.cnn.com time to read: +2 min

CNN —An ancient Christian monastery in Gaza has been added to the List of World Heritage in Danger because of the ongoing conflict in the region. Mohammed Abed/AFP/Getty ImagesThe Monastery of St. Hilarion, known locally as Tell Umm Amer, was simultaneously added to the World Heritage List and the List of World Heritage in Danger, according to an announcement by UNESCO on its website on Friday. “This decision recognizes both the site’s value and the need to protect it from danger,” the organization explained online. The monastery was founded by St. Hilarion and was home to the first monastic community in the Holy Land, according to UNESCO. UNESCO stated: “In view of the threats to this heritage site posed by the ongoing conflict in the Gaza Strip, the World Heritage Committee used the emergency inscription procedure provided for in the World Heritage Convention.

Persons: Mohammed Abed, Hilarion, Umm Amer Organizations: CNN, UNESCO World Heritage Committee, Getty, UNESCO, Fund, St, Monuments Fund, World Heritage, Heritage Convention, Convention, Israel’s Ministry of Foreign Affairs Locations: Gaza, New Delhi, AFP, St, Danger, Gaza City, Africa, Asia

Israeli fighter jets bombed sites in Yemen affiliated with the Iran-backed Houthi militia on Saturday in retaliation for a deadly drone attack in Tel Aviv a day earlier, the Israeli military said. The Israeli airstrikes targeted gas and oil depots and a power station in the area of Yemen’s Red Sea port of Hodeidah, two regional officials said. The port is controlled by the Houthis and contains oil export facilities, but also serves as a vital conduit for civilian goods and humanitarian aid to impoverished Yemen. An Israeli military statement said that fighter jets struck targets near the port “in response to the hundreds of attacks” by the Houthis in recent months. The military said it was not tightening its emergency civil defense regulations after the attack, indicating Israeli officials might not expect a more serious escalation.

Persons: Israel, Nasruddin Amer, ”, “ Locations: Yemen, Iran, Tel Aviv, Hodeidah, Israeli, Gaza

The Iran-backed Houthi militia claimed responsibility for a rare drone attack in central Tel Aviv that crashed into a building near the United States Embassy branch office early Friday, killing at least one person and wounding eight others. Rear Adm. Daniel Hagari, the Israeli military spokesman, told reporters that Israel’s defense systems had apparently picked up the drone but failed to register it as a threat. The Israeli military said the drone had likely flown from Yemen, where the Houthis are based, before approaching Tel Aviv from the coast. Video posted on X and verified by The New York Times shows what appears to be a unmanned aerial vehicle approaching west of Tel Aviv, followed by a blast at the location of the strike. The two sides offered differing accounts of the type of drone used in the attack.

Persons: Daniel Hagari, Admiral Hagari, Nasruddin Amer Organizations: United States Embassy, The New York Times Locations: Iran, Tel Aviv, Yemen

☆ Heat waves in Europe are getting more dangerous. Here’s what that means for travelers
▼ + stars: | 2024-06-29 | by ( Billy Stockwell | ) edition.cnn.com time to read: +10 min

CNN —Growing up in Texas, Mary Beth Walsh thought she was accustomed to high temperatures. Her hometown of Dallas, which is currently being blasted by unrelenting heat, frequently experiences heat waves. “I always joke around that I have such a high heat tolerance; I bring my sweatshirt with me to class in August (in the US),” she said. Hiking in high temperatures has been a common thread linking recent deaths in the country. Amer Ghazzal/ShutterstockExtreme heat is one consequence of climate change impacting tourist hot spots across Europe.

Persons: Mary Beth Walsh, “, ”, Michael Mosley, we’ve, ” Roo Clark, Stefanos Sidiropoulos, Sidiropoulos, acclimatize, Guglielmo Mangiapane, ” Eduardo Santander, ‘, Amer Ghazzal, Clark, ” Clark, Andrea Ammon, ECDC, Hilary Swift, ” Rebecca Carter, Carter Organizations: CNN, Dallas, “, ” Authorities, Tourism Council, Reuters, European Travel Commission, ETC, Santander, European Centre for Disease Prevention, Authorities, Bloomberg, Getty, World Resources Institute Locations: Texas, Athens, Europe, Greece, British, Suffolk, England, Skyros, Canada, Hellas, Italy, Rome, Perugia, Palermo, Rhodes, Czech Republic, Bulgaria, Denmark, Portugal, Spain, Spain’s Seville

☆ China market rebound is 'overdue,' analyst says
▼ + stars: | 2024-05-21 | 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 EmailChina market rebound is 'overdue,' analyst saysAmer Halawi, head of research at Al Ramz Corporation PJSC, discusses the outlook for Middle East markets, saying "we're diverging from the rest of the world."

Persons: Amer Halawi Organizations: China, Al Ramz Corporation Locations: East

☆ Wells Fargo kicks off our bank earnings Friday. Rate cuts and dealmaking will be in focus this season
▼ + stars: | 2024-04-11 | by ( Morgan Chittum | ) www.cnbc.com time to read: +11 min

Club holding Wells Fargo will post quarterly results on Friday, followed by our other financial holding, Morgan Stanley, on Tuesday. In theory, higher borrowing costs mean Wells Fargo can generate more money from those interest-earning assets, but it's not that simple. It's hard to say with the fluid inflation and rate expectations whether Wells Fargo might change its NII outlook when it reports on Friday. Wells Fargo also has a key long-term growth prospect in the potential removal of its $1.9 trillion Fed-imposed asset cap. A woman walks past Wells Fargo bank in New York City, U.S., March 17, 2020.

Persons: Morgan Stanley, We're, Jim Cramer, Wells, Wells Fargo's, Mike Santomassimo, Santomassimo, Jim said, Jim, Wells Fargo, Charlie Scharf, Charlie's, He's, Morgan, there's, Jefferies, Reddit's, James Gorman, Ted Pick, Jim Cramer's Organizations: Club, Silicon Valley Bank, UBS, Investment, JPMorgan, Jefferies, Discover, Wall Street, Amer Sports, Astera Labs, Reddit's, New York Stock Exchange, Street Journal, CNBC Locations: Wells, Silicon, Wells Fargo, Capital, Wilson, Morgan, New York City, U.S

☆ Emerging markets have taken a step back on China pressure, analyst says
▼ + stars: | 2024-03-14 | 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 EmailEmerging markets have taken a step back on China pressure, analyst saysAmer Halawi, head of research at UAE-based brokerage and investment firm Al Ramz PJSC, outlines valuation opportunities in Middle East markets and the Gulf's top performers.

Persons: Amer Halawi, Al Ramz PJSC Organizations: UAE Locations: China, Middle East

The Galaxy Leader cargo ship is escorted by Houthi boats in the Red Sea in this photo released November 20, 2023. The large numbers mean Filipinos are disproportionately exposed to the dangers posed by Houthis targeting ships in the Red Sea. Two Filipino crew members remain in Djibouti to receive medical treatment. Most of the Filipino crew members on board returned to Manila on Tuesday, reuniting with their families after their ordeal at sea. It’s very painful for us, especially for the families,” Mark Dagohoy, one of the ship’s crew members, told journalists after their return.

Persons: It’s, “ There’s, ”, Eduardo de Vega, Israel, Houthis, “, Al, ” Houthi, Nasr Al, Din Amer, De Vega, de Vega, They’re, Mohammed Al, it’s, Ray Car, Abraham Ungar, Eloisa Lopez, Houthi, Yahya Sarea, ” Mark Dagohoy, Celine Alkhaldi, Paul P, Murphy Organizations: CNN, Galaxy Leader, Houthi Military Media, Reuters, Philippines, Yemeni, Nippon, Ray, Ray Car Carriers, Ambrey Analytics, Ambrey, Indian Navy, Manila International Airport, “, Liberian, Financial Times, Oaktree Locations: Filipino, Gaza, Red, Romanian, Iran, Yemen, Cairo, Philippines, Aden, Saudi, Hodeidah, Suez, Africa, Bab, Mandab, United States, Britain, Djibouti, Manila

☆ 'Really, really cheap': Pros name 4 under-the-radar stocks to play a China turnaround
▼ + stars: | 2024-03-12 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

Declining foreign investment and a prolonged property slump are just some of the issues that have put pressure on the Chinese economy — and stock market. We're still relatively underweight China, but we've been reducing that underweight [as] some of the stocks there have become really, really cheap." China Market Research Group's Shaun Rein agrees. "If you're a multinational, if you're looking to drive growth over the next three to five years, the next China is China. Shares in Fufeng are held in the iShares MSCI China Small-Cap ETF , while Xinyi Glass shares are held in the Franklin FTSE Hong Kong ETF and SPDR S & P China ETF .

Persons: Kamil Dimmich, CNBC's, we've, Shaun Rein, it's, Salomon, Arc'teryx, Dimmich Organizations: Shanghai, South Capital, Research, Amer Sports, New York Stock Exchange, Stock, Fufeng Group, Ford, General Motors, Hong Kong Stock Exchange, Xinyi, Franklin FTSE, Franklin FTSE Hong Kong ETF Locations: China, It's, India, Vietnam, Franklin FTSE Hong

☆ Amer Sports losses narrow as China sales fuel holiday-quarter revenue growth
▼ + stars: | 2024-03-05 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +5 min

In fiscal 2023, the company lost $208.8 million, but its losses narrowed from $230.9 million in fiscal 2022. Between 2020 and 2022, Amer grew sales in the region from 8.3% of total revenue to 14.8%. Sales in Greater China jumped by 45% and all three of the company's segments saw "solid growth." In 2023, sales in Europe, the Middle East and Africa represented about 33% of total revenue, down from 36% in 2022. North America made up about 39.5% of sales in 2023, down from 42.4% of sales in 2022.

Persons: Wilson, Amer, Salomon, Sellers, China's, Amer's, James Zheng, Zheng, it's Organizations: Amer Sports, New York Stock Exchange, Lousiville Slugger, CNBC, Wall, FountainVest Partners, Anamered Investments, Revenue Locations: Amer, New York City, U.S, China, Wilson, Louisville, Helsinki, Finnish, Greater China, Asia, Europe, East, Africa, North America, APAC

☆ Stocks making the biggest moves midday: Berkshire Hathaway, R1 RCM, Freshpet, Amer Sports and more
▼ + stars: | 2024-02-26 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Earlier in the session, the conglomerate's stock reached all-time highs, following strong operating earnings in its fourth quarter. Pilgrim's Pride — Shares climbed 6.2% after the meat processing company beat Wall Street's expectations for the fourth quarter. Amer Sports — The athletic retailer climbed 3% on the back of a slew of bullish calls from Wall Street analysts. Fresh Del Monte Produce — Shares fell 2% after the agriculture company reported quarterly results that fell short of expectations. Revenue of $1.01 billion was lower than the consensus estimate of $1.03 billion.

Persons: Berkshire Hathaway —, Morgan Stanley, Pilgrim's, FactSet, Wilson, Arc'teryx, — CNBC's Brian Evans, Michelle Fox, Lisa Kailai Han, Alex Harring, Tanaya Macheel, Jesse Pound, Pia Singh Organizations: Berkshire, U.S . Securities, Exchange Commission, Amer, Wall Street, Micron Technology, —, HSBC, Alcoa —, Alcoa, Fluence Energy, Susquehanna Financial, Produce, FactSet, PPG, PPG Industries Locations: FactSet ., U.S, Canada

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