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Hedge fund manager Dan Niles sees this week's tech sell-off as confirmation that the trade is in significant trouble. On July 11, Niles warned on X that earnings season could expose big risks in the megacap tech trade. He was particularly worried about the Magnificent Seven stocks, which include Tesla , Nvidia , Alphabet , Meta Platforms , Microsoft , Apple and Amazon . So, you're going to have a fall off some time next year in cap equipment that's going to be horrific because of that." Longer term, Niles thinks the bull case for megacap tech stocks is intact.
Persons: Dan Niles, Niles, CNBC's, I'm, they're, China's, there's, we're, we've Organizations: Google, Niles Investment Management, Nvidia, Microsoft, Apple, Cisco Locations: frothiness, China, Niles
Google Flights revealed the top searched destinations on its platform for summer 2024. The data is based on the most searched travel destinations from US users between June and August. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIf you're looking to get away this summer, you may find inspiration from Google Flights' list of the top searched destinations for the summer of 2024. The list is based on US users' most searched destinations on Google Flights for travel between June 1 and August 31.
Persons: , San Francisco didn't Organizations: Google, Service, Business Locations: York, Paris, Chicago, San
Tech giants including Intel, Salesforce and Cisco are giving cash payments to employees in Israel. AdvertisementAdvertisementSeveral big tech firms are giving cash payments to employees in Israel to help support them amid the conflict with Hamas. Intel plans to give $5,000 to each of its 12,000 workers in Israel in November, business news outlet Globes reported . Gelsinger also told workers in the memo that their efforts to continue working and support colleagues who haven't been able to "has not gone unnoticed." Cisco is also providing a grant of between 9,500 and 19,000 ($2,355 to $4,710) to 800 workers in Israel, tech news site Ctech reported.
Persons: Pat Gelsinger, they'd, , Gelsinger, haven't, Jenseng Huang, Cisco didn't Organizations: Tech, Intel, Cisco, Globes, Nvidia, Israel, Service, Hamas Locations: Israel, Nazareth, Petah Tikva, Tel Aviv, Gaza
Nearly 12 months later, coach Kyle Shanahan can't even imagine what life would be like without McCaffrey driving the Niners offense. The midseason addition of McCaffrey last year immediately transformed the 49ers from a middling offense into one of the most productive. McCaffrey currently is in the top 10 for odds to win the award, according to FanDuel Sportsbook. I knew he was really, really good and really special and could do a lot of things conventional running backs can’t do. Obviously, he can run the ball, can run routes out of the backfield, can line up as a receiver and run routes.
Persons: Christian McCaffrey, Kyle Shanahan, McCaffrey, , ” Shanahan, Adrian Peterson, FanDuel, San Francisco didn't, Trent Williams, “ I'm, ” McCaffrey, Jerry Rice's, Hall, Hall of Famers Jim Brown, Emmitt Smith, “ He’s, Kyle Juszczyk, Deebo Samuel, , Brandon Aiyuk, George Kittle, Madden, Kyle, ” Kittle, San Francisco, Brock Purdy, ” Purdy, Dre, Charvarius Ward, Elijah Mitchell, Jon Feliciano, WR Deebo Samuel, Jauan Jennings Organizations: San Francisco 49ers, Carolina, Niners, 49ers, Panthers, Hall of Famers, Swiss Army, NFC, Charvarius Locations: SANTA CLARA, Calif, Carolina, San Francisco, can’t, Swiss, San
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