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Shares of Logitech are up 2% on the year and could rally another 17%, if Scemama's target price holds true. Analyst Kristine Liwag accompanied the move by raising her price target to $225 from $178. The bank reiterated its overweight rating on the credit card stock but lifted its price target to $275 from $265. International revs should run above the 10%+," the analyst added. Goldman analyst Tina Hou set a 12-month price target of $34, while Bank of America analyst Ming Hsun Lee set a price objective of $35.
Persons: Bernstein, Goldman Sachs, Goldman, TZE, Brian Lee, Lee, — Spencer Kimball, Didier Scemama, Scemama, — Lisa Kailai Han, Morgan Stanley, Kristine Liwag, Heico's, Liwag, Stanley Black, Decker, Julian Mitchell, Mitchell, Wells, Wells Fargo, Donald Fandetti, Fandetti, Canaccord, Kingsley Crane, Crane, Oppenheimer, Jed, Kelly foresees, FanDuel —, Kelly, Zeekr, Tina Hou, Ming Hsun Lee, Hou, Stacy Rasgon, Rasgon, Fred Imbert Organizations: CNBC, Broadcom, Bank of America, Investors, Technologies, Department of Energy, Logitech, Boeing, Barclays, Stanley, Nvidia, American, Express, American Express, U.S . American Express, Wall, Zeekr, China EV, China, Geely Automobile, AMD Locations: Monday's, EU, U.S, China, BofA
Mike Blake | ReutersSince 2019, immigration has added 2 million workers to the U.S. labor supply, according to an April analysis by Tedeschi. Without immigrants, Tedeschi estimated that the size of the U.S. labor supply would have shrunk by 1.2 million during that period. The short answer is that this executive order will probably not increase inflation. Some experts say the executive order could bring down costs by smoothing out the U.S.-Mexico supply chain. Biden's executive order could help clear some of these supply chain bottlenecks.
Persons: Joe Biden, Leah Millis, Joe Biden's, Biden, Andrés Manuel López Obrador, Jose Luis Gonzalez, Ernie Tedeschi, Tedeschi, Trucks, Daniel Becerril, Donald Trump, I'd, Mike Blake, Tara Watson, Guillermo Arias, Jerry Pacheco, It's, Pacheco, Watson, Trump, Saul Loeb Organizations: White, . Border Patrol, Department of Homeland Security, NBC, Texas National Guard, Reuters, United, Yale University's, White House Council, Economic Advisers, Customs, Brookings, Immigrants, AFP, Getty Images Shipping, Border Industrial Association, Getty Locations: U.S, Mexico, Washington , U.S, United States, Texas, Ciudad Juarez, Nuevo Laredo, Biden's, San Diego , California, Mesa Port, Tijuana , Mexico, New Mexico, Calexico , California
Indonesia is building a new capital from scratch, with Jakarta threatened by rising sea levels. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIndonesia's plans to build a new capital city from scratch have been hit by the unexpected resignation of the two top officials overseeing the project. Bambang Susantono and his deputy Dhony Rahajoe both quit their roles at the Nusantara Capital City Authority on Monday, outlets including Reuters reported. This story is available exclusively to Business Insider subscribers.
Persons: Tony Blair, , Bambang Susantono, Dhony Rahajoe, Pratikno, Joko Widodo Organizations: Nusantara, Service, Nusantara Capital, Authority, Reuters, Asia News Network, Business Locations: Indonesia, Jakarta
Read previewA human performance scientist who's coached elite athletes and celebrities, from the LA Clippers to Travis Barker, shared the nine supplements he takes daily for gut, brain, and muscle health with Business Insider. It can involve taking supplements or undergoing medical treatments that might not be backed by robust scientific evidence as an insurance policy. AdvertisementWhether taking collagen supplements supports joint health or improves joint-related conditions such as osteoathritis is a tricky question to answer based on the information currently available. AdvertisementGalpin takes 200 mg a day of magnesium for muscle health, recovery, and sleep. Galpin takes 5,000 International Units daily for muscle, brain, and gut health.
Persons: , who's, Travis Barker, Andy Galpin, he's, They're, Richard Bloomer, There's, Galpin, it's, Paul T, von Hippel, Harvard T.H, Rami N, It's, Dorin Organizations: Service, LA Clippers, Business, California State University, Fullerton, BI, Memphis University, Harvard Medical School, Harvard Medical, sharaff, Mayo Clinic . Studies, Cleveland Clinic, MD Anderson Cancer Center, University of Texas, Harvard, of Public Health, American Sports, Fitness Association, University of California Irvine School of Medicine, UCI Sleep Disorders, Research Locations: Austin, Chan, Europe, Asia, Mount Sinai
Read previewRe:cap, a German revenue-based financing startup, has raised $14.6 million in Series A funding. Borrowers can use financing on re:cap to borrow up to 5 million euros, or about $5.5 million, over terms of up to five years. This story is available exclusively to Business Insider subscribers. "Overall, the private debt market is growing tremendously, faster than most if not all alternative asset classes, so the opportunity generally is huge," Paul Becker, CEO and cofounder of Re:cap, told Business Insider. According to Atomico, funding for European startups dropped by 45% year-on-year to $45 billion in 2023, but investment in European fintech dropped well below the wider slump.
Persons: , Paul Becker, Felix, Becker, European fintech Organizations: Service, HSBC Innovation Banking, Business, Felix Capital, Finch Capital, Channel Capital, Avellina Locations: Berlin, European
Biden unveiled the sweeping executive action Tuesday afternoon at the White House, attempting to use executive action to affect the situation on the border after a bipartisan measure failed earlier this year. The new executive action bars migrants who cross the border illegally from seeking asylum – a departure from decades-long protocol – once a daily threshold is met. Senior administration officials told reporters Tuesday it would be lifted when there’s a daily average of less than 1,500 encounters in between ports of entry. Senior administration officials acknowledged that federal resources are strained, which could pose a challenge, but they maintain that the measure will help them remove people more quickly. Senior administration officials Tuesday cited the measure as a tool to help head off that potential increase.
Persons: Washington CNN —, Biden, Joe Biden, Donald Trump, ” Biden, Jose Luis Gonzalez, Critics, Trump, they’re, Gregory Bull, , , There’re Organizations: Washington CNN, White House, White, Republicans, Homeland Security, Texas National Guard, Reuters Homeland Security, Customs and Border Protection, Border Patrol, Trump, AP, , Migrants Locations: Mexico, United States, Ciudad Juarez, Trump’s, San Diego, Cuba, Haiti, Nicaragua, Venezuela
Zoom CEO Eric Yuan wants to leverage AI for "digital twins" that can attend meetings. Yuan said AI avatars can eventually handle everyday tasks, shortening workweeks to three or four days. The CEO predicted the tech will cut down on 90% of work, but won't replace in-person interactions. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementZoom's CEO Eric Yuan is ready for a world where your AI clone handles your busy work — and he painted a picture of a life that sounds pretty relaxing.
Persons: Eric Yuan, Yuan, Organizations: Service, Business
"This is still a strong labor market." The U.S. Federal Reserve raised borrowing costs to pump the brakes on the economy and labor market, ultimately to throttle back inflation. watch nowThere are indicators the U.S. job market remains strong and resilient despite headwinds, economists said. The national unemployment rate has been below 4% — a level indicating historical labor market strength — since February 2022. The current job market is more sustainable, she said.
Persons: Julia Pollak, Don't, Thomas Ryan, it's, Pollak, ZipRecruiter Organizations: SDI, U.S . Federal Reserve, Labor, Capital Economics, Workers, Federal Reserve Locations: North America
A new study has possibly captured that objectively, finding that for teens diagnosed with internet addiction, signaling between brain regions important for controlling attention, working memory and more was disrupted. Specifically, internet ‘addiction,’ which was initially conjured up by (psychiatrist) Ivan K. Goldberg in 1995 as a joke. Das wasn’t involved in the study. “Overall, the mechanisms underlying internet addiction are more like an emerging pattern than a finished picture,” Chang said. “Similar to substance and gambling disorders, internet addiction rewires the brain, making it harder to resist internet related stimuli,” he added.
Persons: , Max Chang, ” Dr, David Ellis, Ellis, wasn’t, Ivan K, Goldberg, , ” Ellis, isn’t, Eva Telzer, ” Telzer, Smita Das, Das wasn’t, Caglar, Yildirim wasn’t, ” Chang, Chang, Yildirim, Das, ” Das, Organizations: CNN — Teens, Mental Health, Brigade, Family Service, University of Bath’s Institute for Digital Security, Disorders, University of North, Chapel Hill, Stanford Medicine, Khoury College of Computer Sciences, Northeastern University, American Psychiatric Association, APA Locations: San Francisco, United States, Asia, China, University of North Carolina, Chapel, California, Boston, APA’s
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch Tuesday's full episode of the Halftime Report — June 04, 2024"Fast Money Halftime Report" is on the front lines of CNBC's market coverage. Host CNBC's Scott Wapner and the Street's top investors get to the heart of the action as it's happening and help set the agenda for the rest of the day. Watch today's full episode on CNBC PRO.
Persons: CNBC's Scott Wapner Organizations: CNBC PRO
CNN: You start “BoyMom” with an interesting fact that baby boys are not nurtured as much as girls. Ruth Whippman: They’re about six weeks behind baby girls (in development), so a baby boy needs more help with self-regulating with emotions. So, boys need more, and they get less. The story is that boys get girls, and women generally tend to be these kinds of side characters that boys get as prizes for being heroes. CNN: How do we as individual men support the boys and men in our lives?
Persons: CNN —, Ruth Whippman, Laura Turbow That’s, , ” Whippman, , influencers, Whippman, there’s, Ruth Whippman's, BoyMom, can’t, it’s, they’d, don’t, Shannon Carpenter, Dad ” Organizations: CNN, Penguin Random House CNN, Boys
AdvertisementThe media giant, which owns Paramount Pictures and CBS, has been in the news as an acquisition target since late last year. Skydance might not be as recognizable a name, but the company's owner and CEO David Ellison is. It's "is Paramount big enough to survive on its own?" The rush to corner the market on data centers is a move by Big Tech to secure the keys to the coming AI kingdom. Big Tech, finance, and consulting jobs are becoming harder to come by, upending the job search for young people.
Persons: , Donald Trump, Rebecca Zisser, Warner, David Zaslav, Byron Allen, David Ellison, Larry Ellison, he's, Phillip Faraone, Peter Kafka, That's, Larry Ellison's, Alyssa Powell, Savita Subramanian, Gary Shilling, Kitty, Keith Gill, Arif Qazi, Jason Zander, they'll, Apple's, Siri, Dominic Bugatto, that's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Annie Smith Organizations: Service, Paramount, Business, Paramount Pictures, CBS, RedBird Capital Partners, KKR, Warner Bros . Discovery, Sony, Hollywood, Getty, Tech, Bank of America, Wall Street, GameStop, Google, Microsoft, Big Tech, BI, Washington Post, Hewlett Packard Enterprise Locations: China, India, Texas, New York, London
After the Trump verdict, what word describes how you feel about Donald Trump? After the Trump verdict, what word describes how you feel about Donald Trump? None said they were now definitely Biden voters, though notably, several said Mr. Trump had lost their vote or that they were more inclined to Mr. Biden. Others thought Democrats pushed these felony charges to help Mr. Biden politically, saying that the Biden campaign was trying to exploit the verdict. Character and integrity mattered for the presidency, and disgust with Mr. Trump could tip the scales for some of them in the end.
Persons: Trump, Donald Trump, Frank Luntz, Biden, Robert F, Kennedy Jr, Hillary Clinton, didn’t, , Hilary, , Tony Soprano, Trump’s Organizations: Biden, White Locations: California
Ethan Liebross went for a less common housing option: He lives full-time in a van — a 2015 Ford Transit that he turned into a mobile, off-grid home. Ethan LiebrossAlthough he grew up on a farm in New Jersey, he's no stranger to van life. AdvertisementDuring his gap year, he had lived out of another van while working as a freelance writer for local newspapers. "So I decided to convert a little camper van — a Ford Transit Connect — and I traveled around the US." "We worked together on the weekends or when he came home from work," Liebross said.
Persons: , Ethan Liebross, he's, Liebross, he'd, who's, He's, I'd, I'm Organizations: Service, Ford Transit, Business, Ford Transit Connect, Facebook Locations: New Jersey, California
London CNN —Police are searching for the parents of three babies who were wrapped in shopping bags and blankets, then abandoned in east London over the past seven years. A court revealed on Monday that baby Elsa, who was found left in a park in cold weather in January, is a sibling of two other newborns, PA Media reported. All three infants were found alive and were quickly cared for, with the oldest two since being adopted, according to PA Media. Like her sister Roman, she was left in very cold January temperatures. The Metropolitan Police said at the time it was “highly likely” that Elsa was born after a “concealed pregnancy,” according to PA Media.
Persons: Elsa, Harry, Roman, snowing, Simon Crick, , ” Crick Organizations: London CNN — Police, PA Media, Police, BBC, London Ambulance Service, Metropolitan Police Locations: London, Newham
Data centers are expected to drive 31 gigawatts of incremental power demand through 2030, according to Citi. The tax credit could lead to modest earnings growth that regulated utilities can use to improve their long-term financial outlook, according to Citi. "U.S. regulated utilities with nuclear assets are likely to receive PTC cash flow benefits that gradually ramp from 2024 through 2027 before reversing in 2032," the analysts wrote. Duke Energy is up 12% over the past three months, while Southern Company has gained 17%. Duke operates about 9 gigawatts of nuclear capacity, while Southern Company operates 5.4 gigawatts.
Persons: Arkady Gevorkyan Organizations: Citigroup, Duke Energy, Southern Company, Citi, Energy, Duke Locations: U.S
Richard Taylor helped build BetMGM's responsible-gaming departmentRichard Taylor. He knew working in responsible gaming could bring a lot of good to the industry. He was previously the director of responsible gaming at MGM Resorts International and moved almost four years ago to BetMGM, where he currently serves in the same role. "I was fortunate enough to be selected to be the first director of responsible gaming," he told BI. He said this excited him because he could take the knowledge he obtained over the years to hopefully help young staff build good habits.
Persons: Richard Taylor, Mitchell Ternay, Taylor Organizations: MGM Resorts International, San Diego Padres, Las Vegas Locations: Las Vegas, Taylor
The U.S. Small Business Administration plans to unveil new government-backed credit lines of up to $5 million for small businesses, SBA Administrator Isabel Casillas Guzman told CNBC. The SBA is launching a working capital pilot program in the coming months that is designed to be more attractive to both lenders and borrowers than the agency's existing products, Guzman said in a phone interview. The project is part of the SBA's efforts to broaden its flagship lending program for American small businesses. Through its 7(a) loan program, the SBA provides guaranties to lenders to encourage them to extend loans to small business owners. The program backed more than 57,000 loans worth $27.5 billion last year, a 7% increase from 2022; most of those loans were for less than $350,000.
Persons: Isabel Casillas Guzman, Guzman Organizations: U.S, Small Business Administration, CNBC, SBA
Casey said there has been a 100% increase in cyber incidents and ransomware demands across the board. These are people within organizations that can be recruited to steal IP, data, or whatever the bad actor is targeting. "These are the employees who are having money problems, marital problems that someone can take advantage of," Casey said. "The PRC is an authoritarian state and there should be no confusion between that and Chinese Americans and people of Chinese descent," Casey said. "Leaders need to know what they would do if the worst thing happens," Casey said.
Persons: Michael Casey, Michael C, Casey, Eamon Javers, I'm Organizations: Intelligence, Capitol, National Counterintelligence and Security Center, CNBC, Summit, Washington , D.C, CNBC Senior Washington, FBI Locations: Washington ,, U.S, China, Russia
Correspondence from Nvidia staffers also indicates that Musk diverted a sizable shipment of AI processors that had been reserved for Tesla to his social media company X, formerly known as Twitter. "Elon prioritizing X H100 GPU cluster deployment at X versus Tesla by redirecting 12k of shipped H100 GPUs originally slated for Tesla to X instead," an Nvidia memo from December said. In a post on X in November, Musk wrote, "X Corp investors will own 25% of xAI." At Tesla, Musk has promised to build a $500 million "Dojo" supercomputer in Buffalo, New York, and a "super dense, water-cooled supercomputer cluster" at the company's factory in Austin, Texas. WATCH: Musk ordered Nvidia to ship thousands of AI chips to X
Persons: Elon Musk, David Swanson, Reuters Elon Musk, he's, Tesla's, Musk, Tesla, Elon, Critics, OpenAI's ChatGPT, Axios Harris, Jensen Huang, Huang, David Paul Morris, xAI's Grok, xAI, he'd, He's, Leo Koguan, Gerber Kawasaki's Ross Gerber, Joel Fleming, Fleming, hasn't, Ethan Knight Organizations: SpaceX, Tesla, Reuters, Nvidia, Tesla's Texas, CNBC, X Corp, EV, Google, Meta, Microsoft, Blackwell, Nvidia Corp, Technology, Bloomberg, Getty, Twitter, Equity Litigation Locations: Beverly Hills , California, Tesla's, U.S, San Jose , California, Buffalo , New York, Austin , Texas, North Dakota, Delaware, Tesla, xAI, SolarCity, Texas, New York
CNN —Coldplay say they have surpassed their own target for cutting carbon emissions for live shows. Two years later, Coldplay announced its Music of the Spheres tour - and with it a pledge to halve emissions generated by show production, freight and the travel for band members and crew. Audiences have helped the band to slash their tour emissions with a host of measures, while still getting to see them play live. A tree has been planted for every ticket sold for the current tour. Among those who have taken measures to make their performances are more eco-friendly are Billie Eilish and Maroon 5.
Persons: Coldplay, Chris Martin, Mads Claus Rasmussen, Ritzau Scanpix, John E, Fernandez, ” Coldplay, , who’s, Ole Jensen, CNN’s Becky Anderson, Martin, Neil Young, Bonnie Raitt, Billie Eilish Organizations: CNN, Coldplay, MIT, Solutions Locations: Costa Rica, Finland, Greece, Australia, New Zealand
The current leadership of Paramount Global presented a go-forward plan at the company's annual shareholder meeting Tuesday in the event a sale of the company doesn't happen. Redstone has been supportive of the Office of the CEO leadership team that has run the company since former CEO Bob Bakish stepped down in late April. The plan that Paramount Global shareholders are hearing on Tuesday will essentially serve as Redstone's alternate option if she chooses not to sell. "We'll be thoughtful with how we deploy capital, with our world-class content being the priority," said Robbins during the presentation Tuesday. On Tuesday, Robbins said the company has been "aggressively exploring all options" when it comes to partnerships with other streamers.
Persons: George Cheeks, Chris McCarthy, Brian Robbins —, , David Ellison's, Shari Redstone, Bob Bakish, Robbins, Cheeks, McCarthy Organizations: Paramount, SAG, Paramount Global, CBS, Paramount Media Networks, Paramount Pictures, Media, RedBird Capital, KKR, CNBC, Amusements Locations: Los Angeles , California, U.S
Cramer's Lightning Round: SoundHound is a sell
  + stars: | 2024-06-04 | by ( Julie Coleman | ) www.cnbc.com   time to read: 1 min
Energy Transfer : "[buy, buy, buy!] Leonardo DRS : "It's real good, and you want to hold onto that." Click here to download Jim Cramer's Guide to Investing at no cost to help you build long-term wealth and invest smarter. Sign up now for the CNBC Investing Club to follow Jim Cramer's every move in the market. Disclaimer The CNBC Investing Club Charitable Trust holds shares of Coterra and Nvidia.
Persons: You've, Leonardo, Jim Cramer's Organizations: Obsidian Energy, Nvidia, Zim Integrated Shipping Services, GE, AES, CNBC, Club, Club Charitable Trust Locations: Coterra
How AI could supercharge the Vision Pro
  + stars: | 2024-06-04 | by ( Samantha Murphy Kelly | ) edition.cnn.com   time to read: +9 min
It could also boost sales of the pricey Vision Pro, which has reportedly and unexpectedly received a production cut. During its most recent earnings call, CEO Tim Cook said more than half of the Fortune 100 companies have already bought an Apple Vision Pro. But while it’s unclear when generative AI will come to the Vision Pro, Nygugen said: “It’s only a matter of time.”That’s because the Vision Pro is merely just another interface – much like a tablet, laptop, or watch, that touches Apple’s ecosystem. The Vision Pro, the tech giant's $3,499 headset, is its first major release since the Apple Watch nine years ago. “Vision Pro just came out a few months ago and it needs to get its feet under it before it really starts to take off,” Llamas said.
Persons: it’s, Tim Cook, It’s, Siri, , Tuong, , Nygugen, ” Nygugen, Angela Weiss, Ming Chi, Kuo, Jeremy Bailenson, Bailenson, Ramon Llamas, Apple, ChatGPT – Organizations: CNN, Developers, Google, Samsung, Vision, Fortune, Apple Vision, Gartner, Apple, Apple Watch, Getty, Vision Pro, Stanford, VR, IDC, Microsoft, Locations: Cupertino , California, New York City
Read previewThis as-told-to essay is based on a conversation with Leigh Henderson, a 42-year-old CEO of HR Manifesto, in San Antonio. I worked as an HR leader for nearly 20 years, supporting a handful of Fortune 100 organizations. Then after navigating a shocking layoff myself, I started HR Manifesto, a community on TikTok. AdvertisementAfter working in HR, here are four things I'd tell my friends to do if they heard rumors of layoffs happening in their office. AdvertisementIf you're an HR professional with advise on how to navigate the workplace during difficult times, and want to share your story, email Manseen Logan at mlogan@businessinsider.com.
Persons: , Leigh Henderson, there's, you've, it's, what's, Manseen Logan Organizations: Service, Business, HR Locations: San Antonio, TikTok, mlogan@businessinsider.com
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