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☆ Apple’s AI: We’ve seen some of this before
▼ + stars: | 2024-06-11 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +6 min

On the other hand, however, other AI tools look familiar from what we’ve seen on the market. Ahead of the demo, the company emphasized that the majority of the new tools are powered by Apple Intelligence. If you want your email to sound more professional, or more friendly, Apple says its AI will take a stab. Siri’s AI flexApple really flexes its AI muscle, however, when it comes to Siri, which Apple says is taking a massive step forward by becoming more contextually relevant and more personal. In the demo, Apple showed how someone could upload a picture of vegetables at a farmer’s market and ask what they could make for dinner.

Persons: “, they’re, –, Siri, Craig Federighi, It’ll, they’ve, OpenAI, Apple, Genmoji, Roger Federer, he’s, it’s Organizations: CNN, Developers, Apple, “ Apple Intelligence, Apple Apple Intelligence, Google, Samsung, Catering, Apple Intelligence

☆ French Open draw: Nadal’s nightmare draw with Zverev? And who will stop Swiatek?
▼ + stars: | 2024-05-23 | by ( Matthew Futterman | ) www.nytimes.com time to read: +9 min

Follow live coverage of the first day of the French Open 2024 today and game-by-game coverage of Stan Wawrinka vs Andy MurrayOnce upon a time, there was a tennis tournament called the French Open. When it was over, the greatest clay-court player of all time learned that he would have to play a rematch of the 2022 French Open semi-final, where Zverev tore ligaments in his ankle after pushing Nadal to his limits. They’re French Open finalists the past three years, and two of the best clay-court players in the world. She has won three of the past four French Open titles, and has become nearly unbeatable on clay. Ostapenko won the French Open in 2017 (Julien de Rosa/AFP via Getty Images)Ostapenko has beaten Swiatek all four times they have played, and won this tournament in 2017.

Persons: Stan Wawrinka, Andy Murray, Andres Gomez, Carlos Moya, Thomas Muster, Yevgeny Kafelnikov, Gaston Gaudio, Rafael Nadal, Nadal, Alexander Zverev, David Ramos, Novak Djokovic, Zverev, Rafael Nadal's, It’s, Carlos Alcaraz, Monte, Andrey Rublev, JJ Wolf, Next, hasn’t, Julian Finney, Pierre Hugues, Herbert, Luca Nardi, Alejandro Tabilo, Tomas Machac, Roland Garros, Chris Eubanks, there’s, Casper Ruud, They’re, Tsitsipas, Marton Fucsovics, Ruud, Jakub Mensik, Felipe Meligeni Alves, Nicolas Jarry, . Jarry, Corentin Moutet, Tabilo, Men’s, Ra, s 🇨🇿 Toma, Macha, Ben Shelto, 🇬 🇧Dan Evans, She has, Elen, Leo l ia Je, ike Nosk, ina, Ry, aki, Sara S orri, 🇰🇿 Yulia Putin, Cornet 🇷🇴 Sor, lina (15) Organizations: Nadal, Getty, Monte, adal Locations: German, Berlin, Monte Carlo, Barcelona, Rome, Madrid, Geneva, Italy, Chile, Czech, Ost

☆ Market fear signals are flashing red as stocks pull back from record highs
▼ + stars: | 2024-04-16 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Several major gauges of fear in the market are reflecting increased alarm from investors. @VX.1 1Y mountain The VIX over the past year At the same time, CNN's Fear and Greed Index has tipped into "fear" territory this week. Rising oil prices have also weighed on the stock market, as commodity traders bought in on expectations of escalating conflict in the Middle East. But he said the key threat to this outlook is if the conflict in the Middle East further spirals. "But, the caveat is, if things really go sideways in the Middle East, that could change the calculus."

Persons: Goldman Sachs, Alex McGrath, You've, Dow, Jason Heller, Heller Organizations: Federal Reserve, Nasdaq, Dow, Treasury, Coastal Wealth Locations: East, Iran, Israel

☆ Trump Reelection a Threat to Economy, Could Stoke Inflation, Debt: Roubini
▼ + stars: | 2024-03-06 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

A Trump reelection in November poses the biggest looming risk to the world economy, Nouriel Roubini warned. A second Trump presidency could end up making inflation and the national debt problem even worse, Roubini said. AdvertisementTrump being reelected might be the biggest looming threat to the global economy, according to "Dr. Doom" economist Nouriel Roubini. Advertisement"With private and public debts high and rising, that would introduce the specter of a financial crisis," Roubini warned. In 2022, he warned markets of a coming stagflationary-debt crisis, which could spark a painful recession and 30% plunge in stocks.

Persons: Nouriel Roubini, Trump, Roubini, —, Doom, Trump's, Powell Organizations: Trump, Service, Project Syndicate, Commerce, Bank of America, Bloomberg Locations: Ukraine, Gaza, China

☆ What to watch in South Carolina’s Republican primary
▼ + stars: | 2024-02-24 | by ( Gregory Krieg | ) edition.cnn.com time to read: +8 min

CNN —Nikki Haley’s presidential campaign has for weeks been looking ahead to the Republican primary in South Carolina, her home state where she was twice elected governor. The primary in South Carolina is open, meaning Democrats and independents can cast ballots in the GOP race. The former president does not need to open a larger tent in order to win in South Carolina. It’s obviously not insurmountable, and with 50 at stake in South Carolina, Haley could theoretically jump into the lead. South Carolina awards 29 of its delegates to the statewide winner and three apiece to the leader in each of its seven congressional districts.

Persons: Nikki Haley’s, Donald Trump, Trump, Haley, –, Betsy Ankney, ” Haley, I’ll, “ I’m, Nikki Haley, ”, Nancy Mace, That’s, Mace, Michael Haley, Jake Tapper, South Carolina –, Harry Enten, It’s, it’s, CNN’s Ethan Cohen Organizations: CNN, Republican, Virgin Islands, Palmetto State, Trump, South Carolina National Guard, Confederate, statehouse, GOP, Granite, White, South Carolina Locations: South Carolina, Iowa, New Hampshire, Nevada, Virgin, Palmetto, “ South Carolina, Carolina, Coast, Michigan, Texas, Virginia, Super, Charleston, Richland, California

☆ Groundhog Day: Punxsutawney Phil predictions are in. More winter, or early spring?
▼ + stars: | 2024-02-02 | by ( Mary Gilbert | Monica Garrett | ) edition.cnn.com time to read: +2 min

CNN —Punxsutawney Phil – the famous groundhog weather watcher – woke up and did not see his shadow Friday morning, calling for an early spring. Each February 2, on Groundhog Day, the members of the Punxsutawney Groundhog Club make the pilgrimage to Gobbler’s Knob – Phil’s official home. Phil and his friends in Punxsutawney, Pennsylvania, have been predicting the seasons since 1887, according to the Punxsutawney Groundhog Club. Dereume holds Punxsutawney Phil, the weather prognosticating groundhog, during the 138th celebration of Groundhog Day in Punxsutawney, Pa., on Friday, Feb. 2, 2024. Given that, will Phil’s prediction of an early spring come true?

Persons: Phil –, –, Phil, Nature, Groundhog, A.J, Dereume, Barry Reeger, Phil’s prognostications Organizations: CNN, National Centers for Environmental Locations: Punxsutawney , Pennsylvania, Punxsutawney, Pa

☆ Blackstone Investment Strategist Byron Wien Dies at 90
▼ + stars: | 2023-10-26 | by ( Laura Cooper | Ted Bunker | ) www.wsj.com time to read: 1 min

Byron Wien had joined Blackstone’s quarterly partners meeting last week. Photo: Christopher Goodney/Bloomberg NewsByron Wien, the longtime Blackstone executive known for his market prognostications and intense networking, died at 90 on Wednesday. Wien, who developed a wide following with his annual “Ten Surprises” list, was vice chairman of the private wealth group at Blackstone, which he joined 14 years ago. For decades, his lists detailed economic, political and financial market surprises he expected to see in the year ahead. He produced the 38th edition last January.

Persons: Byron Wien, Christopher Goodney Organizations: Bloomberg, Blackstone

☆ Premarket stocks: Big Tech earnings can make or break this market
▼ + stars: | 2023-10-25 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

New York CNN —In an unstable economic climate marked by geopolitical unrest, concerns about the Federal Reserve and soaring Treasury yields, investors are closely watching this week’s Big Tech earnings for clues about where the volatile stock market may head next. That means investors are watching their earnings particularly closely for prognostications about where the market is headed next. Big tech controls the market: Excluding Big Tech, the average earnings for S&P 500 companies would drop by 5% this quarter, according to Bloomberg Intelligence data. “Big Tech valuations pose risks for the broader markets, as Big Tech has contributed to almost all of the stock market’s year-to-date gains,” said David Bahnsen, chief investment officer of the Bahnsen Group. “This lack of market breadth suggests that investors are still highly prone to chasing momentum and getting overly excited about different market themes and stories, such as artificial intelligence.”It also suggests that there’s not a lot of room for any Big Tech earnings missteps.

Persons: —, ”, David Bahnsen, there’s, Louis Navellier, Matt Egan, ” Brian Nelson, Samantha Murphy Kelly Organizations: CNN Business, Bell, New York CNN, Federal Reserve, Big Tech, Microsoft, Google, Nvidia, Apple, Bloomberg Intelligence, Bahnsen, Navellier, Associates, Treasury Department, Gulf Cooperation, United, United Arab Emirates, Saudi, GCC, Treasury, Hamas, United Arab, Mac, IDC Locations: New York, States, Saudi Arabia, Qatar, Kuwait, Oman, Bahrain, United Arab, Israel, US, Riyadh, United States, Sudan, Algeria, Turkey, United Arab Emirates, Treasury’s

☆ Wall Street prepares to dish economic dirt on US
▼ + stars: | 2023-10-12 | by ( John Foley | ) www.reuters.com time to read: +7 min

They are also among the handful of banks which can buy Treasury debt straight from the central bank. That puts leaders like JPMorgan chief Jamie Dimon at the center of the global financial spiderweb. To be sure, the financial statements that the banks will start to release on Friday will be backward-looking. Interest income will reflect the sharp and continued rise of central bank rates, which drag up the price banks must pay for customer deposits and what they charge for loans. It’s a big economic question, since plastic-related debt in the United States hit a record $1 trillion in August.

Persons: Jamie Dimon, Marco Bello, Brian Moynihan’s, Jane Fraser, Wells Fargo, Dimon, Dean Athanasia, Banks, Wells, Peter Thal Larsen, Sharon Lam Organizations: JPMorgan Chase &, Reuters, REUTERS, JPMorgan, Bank of America, Citigroup, of America, Treasury, Citi, Fraser, Reuters Graphics Reuters, Federal Reserve, Federal, Bank of, Reuters Graphics Reuters Graphics Bank, Alpha, Thomson Locations: Miami , Florida, U.S, Wells Fargo, Wells, United States

☆ CNBC Daily Open: Try to look on the bright side of higher-for-longer rates
▼ + stars: | 2023-09-21 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

Chip Somodevilla | Getty Images News | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayThe bottom lineAs expected, the Federal Reserve declined to increase interest rates. In June, the Federal Open Market Committee forecast four rate cuts next year, totaling one percentage point. Despite the prognostications of robust economic growth, markets focused on the "higher rates for longer" part of the dot plot, seeing the glass as half empty.

Persons: Jerome Powell, Chip Somodevilla, That's, Powell, we'll, —, Jeff Cox, Yun Li Organizations: Federal Reserve, Getty, CNBC, Federal, Fed, Dow Jones Industrial, Nasdaq Locations: Washington ,, U.S

☆ CNBC Daily Open: Try to see the bright side of higher-for-longer rates
▼ + stars: | 2023-09-21 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

FLORHAM PARK, N.J. (AP) — New York Jets quarterback Aaron Rodgers says he'll use doubters as motivation in his rehabilitation from Achilles tendon surgery and indicates he'll play football again — perhaps even this season. Rodgers tore his left Achilles tendon on the fourth snap of his debut with his new team on Monday night, a 22-16 overtime victory over Buffalo. Political Cartoons View All 1163 Images“Definitely some odds stacked against me based on age, but I like it,” Rodgers said. A lot of sadness, a lot of tears, a lot of dark frustration and anger, all the gamut of emotions. “I’m very confident in Zach and I think he’s confident himself, which is the most important thing,” Rodgers said.

Persons: Aaron Rodgers, Achilles, —, Rodgers, “, ” Rodgers, Pat McAfee, Neal ElAttrache, “ Stack, ”, I’ve, ” Rodgers wouldn't, “ I’m, Kevin Garnett, Buffalo's Leonard Floyd, Randall Cobb —, ” Zach Wilson, Zach, He’s Organizations: — New York Jets, Buffalo, Jets, MetLife, Dallas Locations: FLORHAM, N.J, Los Angeles, LA, Green Bay, it’s, York , New Jersey, New York

☆ 'Dr. Doom' Nouriel Roubini says China and the US need to dial back tensions or risk a conflict that would destroy the world economy
▼ + stars: | 2023-08-23 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The US and China are on a collision course that threatens the world economy, Nouriel Roubini warned. The "Dr. Doom" economist pointed to growing tensions between the US and China. "If they fail to achieve a new understanding on the issues driving their current confrontation, they will eventually collide." "That would lead inexorably to a military confrontation that would destroy the world economy, and which could even escalate to an unconventional (nuclear) conflict. AdvertisementAdvertisementRoubini has repeatedly warned of catastrophe for the global economy over the past year.

Persons: Nouriel Roubini, Doom, Roubini Organizations: Service, Syndicate, Taiwan Locations: China, Wall, Silicon, China's, Taiwan

☆ The weaponization of the dollar will reverse globalization and kill the WTO, it was warned. That's a real threat today as dedollarization gathers force.
▼ + stars: | 2023-07-14 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +6 min

US economic sanctions have spawned something of a global backlash, in the form of the dedollarization movement. This was anticipated as early as 2019, by an expert who warned the weaponization of the dollar could have serious consequences for the global economic system. Back in 2023, dedollarization is a thingFast forward to 2023, and some of the recent rumblings across the global currency and monetary landscape are strikingly in line with Sen's prognostications. All that could come at a huge cost to the global economy – and drive a "complete reversal of global economic integration," he wrote. The dollar's share of global reserves could slowly decline, but no alternatives exist that could completely displace the US currency, Treasury Secretary Janet Yellen said last month.

Persons: Julius Sen, Donald Trump, Sen, prognostications, Emmanuel Macron, Elon Musk, –, optimists, Paul Krugman, Janet Yellen, Putin Organizations: London School of Economics, Service, UN, SWIFT, Allianz, WTO, FX Locations: Wall, Silicon, China, Brazil, Iran, Tehran, Russia, Ukraine, India, Europe

☆ JPMorgan’s Profit Jumps, but Interest Rates Remain a Threat
▼ + stars: | 2023-07-14 | by ( Rob Copeland | More About Rob Copeland | ) www.nytimes.com time to read: +2 min

Why It MattersGiven its size, JPMorgan is a proxy for the banking industry at large. Jamie Dimon, the bank’s chief executive, has deep political connections and his prognostications on the economy are scrutinized in some circles as closely as a central banker’s musings. On Friday, in a statement, Mr. Dimon said the U.S. economy was “resilient,” echoing language he has used repeatedly this year, but listed a litany of risks, including that consumers are burning through their cash buffers and that inflation remains high. BackgroundJPMorgan and Mr. Dimon have been all over the news this year, thanks to their prominent role as an attempted stabilizing force during the spring’s banking crisis that felled three smaller lenders. What’s NextThe next week or so will see a slew of other banks report their quarterly earnings.

Persons: Jamie Dimon, Dimon, Goldman Sachs Organizations: JPMorgan, Treasury, Western Alliance and Comerica Locations: U.S, Republic

Jamie Dimon, the bank’s chief executive, has deep political connections, and his prognostications on the economy are scrutinized in some circles as closely as a central banker’s musings. The U.S. economy “continues to perform better than many had expected,” said Charles W. Scharf, the bank’s chief executive. Unlike the other banks, Citigroup reported a fall in second-quarter profit, although the decline was not as severe as analysts had predicted. The U.S. government debt-limit standoff in April and May was also reflected in the banks’ results, with Citi citing anxiety during the negotiations as pushing investment-banking clients to the “sidelines” during the second quarter. What’s NextIn the next week or so, a slew of other banks will report quarterly earnings.

Persons: Jamie Dimon, Dimon, didn’t, ”, Wells, “, Charles W, Scharf, Jane Fraser, Goldman Sachs Organizations: JPMorgan, Treasury, Citigroup, Citi, Western Alliance and Comerica Locations: U.S, Wells Fargo, Republic

☆ A bright spot in the economy is at risk as 30 million Americans face student loan payments for the first time since the pandemic
▼ + stars: | 2023-05-17 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

More than 43 million Americans together owe $1.6 trillion in student loans. That additional load could weigh on consumer spending, and eventually increase delinquencies on other payments like credit cards and personal loans, strategists said. "We view the resumption of student loan debt payments as an incremental headwind for borrowers and consumer finance companies," BofA said. This, in other words, means the odds of the hotly-anticipated recession are about to go up as consumers divert cash back to student loan payments. Do you have student loans?

☆ The downside risk to the stock market is the highest it's been in a year as earnings face pressure, Morgan Stanley's chief stock strategist says
▼ + stars: | 2023-03-27 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Stocks are still set to see earnings pressure, and investors shouldn't be fooled by the tech rally, Morgan Stanley's Mike Wilson said. Previously, he predicted the worst earnings recession since 2008 to strike the market. In an interview with Bloomberg TV on Monday, Wilson pushed back against bullish market commentators who are championing the current rally in tech stocks. "The malinvestment was just so egregious and the overearning was even worse," he said of tech stocks' strong performance. Wilson has been bearish on stocks for months and previously sounded the alarm for the worst earnings recession since 2008 to hit the market.

☆ Jim Cramer says these 12 stocks aren't 'your father's cyclicals'
▼ + stars: | 2023-03-08 | by ( Rohan Goswami | ) www.cnbc.com time to read: 1 min

CNBC's Jim Cramer said Wednesday he thinks many investors are wrong about twelve companies that were historically considered cyclical stocks. "These are not your father's cyclicals," Cramer said. Historically, Cramer said, these stocks tended to be swayed by the broader macroeconomic picture, and by prognostications from Federal Reserve officials. But Cramer says this "dirty dozen" isn't so dirty anymore. Here are the twelve stocks that Cramer thinks aren't as cyclical, and have made major strides toward repositioning themselves.

☆ Wall Street analysts are warning stocks are about to come crashing down
▼ + stars: | 2023-02-22 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Today's Fed minutes release should provide more insight on what's to come in March. So according to Wilson, stocks have entered this death zone after climbing too high too fast in hopes the Federal Reserve is about to pull back on its aggressive monetary policy. He's reiterated several times this year that the rally will lose steam, and he expects sticky inflation to push the Fed to hold interest rates higher for longer. The bank's analysts now see the Fed raising rates by 25 basis points in June, which would bring the terminal rate to a target range of 5.25-5.5%. "As [stocks] have reached even higher levels, there is now talk of a "no landing" scenario – whatever that means," Wilson noted.

☆ Meta shares rocket 25%, on pace for the best day in a decade
▼ + stars: | 2023-02-02 | by ( Rohan Goswami | ) www.cnbc.com time to read: +2 min

Meta shares jumped 25% Thursday morning, on pace for the best day in nearly a decade, with a slew of analyst upgrades coming off the back of a fourth-quarter revenue beat and optimistic prognostications from CEO Mark Zuckerberg. Meta shares sit at their highest point since September 2022, weeks before a disastrous third-quarter earnings report that prompted analysts across Wall Street to openly question Zuckerberg's leadership. posited Evercore ISI analyst Mark Mahaney. He cited "materially reduced expense projections" and a larger-than-anticipated share buyback, upping his price target to $275 and reiterating an outperform rating. At Guggenheim, Michael Morris revised his price target to $210, maintaining a buy rating, citing in part lowered costs and a belief in management messaging on "momentum."

☆ Behavioral investing expert Phil Toews sees upside for stocks and bonds now — but warns investors that a bigger, longer-lasting downturn might be on the way
▼ + stars: | 2023-01-18 | by ( Marley Jay | ) www.businessinsider.com time to read: +3 min

Phil Toews is the CEO of Toews Asset Management, which has more than $2 billion in assets. Phil Toews has made a name for himself with defensive-oriented investing, so it's something of a surprise to hear he's taking some risks these days. Toews is the CEO and a portfolio manager at Toews Asset Management, which manages more than $2 billion in assets. One major reason is that stocks look expensive when a recession might be approaching. Toews says that stocks keep making short-term rallies because investors think the Federal Reserve is about to pivot and take a more dovish approach to interest rates.

☆ California floods strike at planners’ blind spots
▼ + stars: | 2023-01-11 | by ( ) www.reuters.com time to read: +2 min

WASHINGTON, Jan 11 (Reuters Breakingviews) - If California’s budget speaks to lawmakers’ prognostications, flooding wasn’t supposed to be such a big issue. But a current deluge of rainfall makes it clear that planning for disasters needs to be broader and more proactive. Flooding along the state’s coast is expected to cost California more than $1 billion, the Los Angeles Times reported Tuesday. While the California Senate called for extra flood protection in May, the budget only set aside $246 million for risk prevention. Municipal spending was painfully low with state and local authorities spending $48 million annually.

☆ Wall Street salaries revealed: How much Evercore, Centerview, Moelis, and other boutique banks pay from analyst to VP
▼ + stars: | 2022-11-22 | by ( Emmalyse Brownstein | Rachel Durose | ) www.businessinsider.com time to read: +9 min

Pay soared everywhere, but particularly at boutique firms, which tend to pay more than big banks. Some of the biggest beneficiaries of that trend were those at "boutique" firms — smaller banks lesser known to industry outsiders — like Moelis, Lazard, and Evercore. It has more than 3,000 employees according to LinkedIn and more than 200 open positions. Rothschild & Co.Based in Paris, but with offices in several US cities, Rothschild has 3,600 employees, according to their website. 2 in number of completed transactions for the first half of 2022, according to their August press release.

☆ Sorrell's S4 Capital defies tech turmoil to maintain momentum
▼ + stars: | 2022-11-14 | by ( Paul Sandle | ) www.reuters.com time to read: +2 min

SummarySummary Companies Digital ad group says it maintained momentum in Q3Reiterates full-year earnings forecastShares rise as much as 9%LONDON, Nov 14 (Reuters) - Martin Sorrell said his digital ad group S4 Capital (SFOR.L) had maintained momentum in a third quarter marked by disappointing results from major platforms including Alphabet's Google (GOOGL.O) and Facebook's Meta (META.O). Shares in S4 rose 9% to 229 pence in early deals, the highest level since the downgrade in the summer. Sorrell said Twitter and Snap, which each account for around 1% of the digital ad market, were not a good indicator for the sector. He said advertisers were pausing spending on Twitter pending clarity on how new owner Elon Musk would moderate content. "At the moment most clients are suspending their activities because they're worried about extreme content and content moderation on the site."

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