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☆ Jim Cramer says it's time to take some profits in AI stocks
▼ + stars: | 2024-06-14 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

After a big week for stocks related to artificial intelligence, CNBC's Jim Cramer told investors it may be time to ring the register for many of these companies that have seen massive gains. "Remember, this remarkable, albeit limited, narrow, year — you don't want to spoil it by refusing to ring the register on every one of your stocks that may be AI." Cramer reviewed the significant surges in the AI sector this week, starting with Apple's record-breaking run after the company announced new AI programming that could boost iPhone sales. "We know we've been feeling a little greedy, and it's quite unbecoming — when you have big gains, you need to take something off the table," Cramer said. "I am still a true believer in Nvidia, but I don't want to be oblivious to the scale of this massive run."

Persons: CNBC's Jim Cramer, Cramer, avarice, Larry Williams Organizations: Oracle, Microsoft, Broadcom, Adobe, Nvidia, CNBC's

☆ Jim Cramer reasserts his bullish stance on Apple, says it doesn't need to chase enterprise customers
▼ + stars: | 2024-06-11 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Tuesday explained that Apple does not need to chase enterprise customers to see gains, saying it does well to target individual consumers. Apple shares pulled back 1.9%on Monday after the company unveiled new artificial intelligence offerings at its developers conference. The stock has suffered this year as investors worried about iPhone sales in China and the tech giant's progress on the AI front. "They're not chasing the enterprise, and these Apple haters have no idea how to evaluate a tech company that's like that." Users will likely need to upgrade their phones to take full advantage of Apple Intelligence, which could help drive sales.

Persons: CNBC's Jim Cramer, Tim Cook, what's, They're, Cramer, Apple Organizations: Apple, Apple Intelligence Locations: China

☆ Jim Cramer says Eli Lilly isn't a 'one trick pony' after FDA advisers endorse its Alzheimer's drug
▼ + stars: | 2024-06-11 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Tuesday explained why he continues to be bullish about pharmaceutical giant Eli Lilly . Continually confident about Eli Lilly because of the enormous success of its weight loss and diabetes drugs, he said the company's new Alzheimer's treatment has the potential to further boost business. On Monday, a panel of advisors to the Food and Drug Administration unanimously recommended Eli Lilly's Alzheimer's drug, currently known as donanemab. "I think this advisory committee decision on their Alzheimer's drug does precisely that." Eli Lilly did not immediately respond to request for comment.

Persons: CNBC's Jim Cramer, Eli Lilly, Eli Lilly's, it's, Cramer, they've Organizations: Food and Drug Administration, FDA Locations: U.S, Biogen

☆ Strasbourg for Book Lovers
▼ + stars: | 2024-06-10 | by ( Seth Sherwood | ) www.nytimes.com time to read: +1 min

Attention, bibliophiles: Put Strasbourg, the largest city in eastern France, on your radar. Once home to the godfather of publishing — the 15th-century printing-press pioneer Johannes Gutenberg — the city is the UNESCO World Book Capital for 2024. The annual Fête des Imprimeurs on June 29 and 30 in Place Gutenberg will showcase all of the trades involved in bookmaking, including through interactive workshops. But the UNESCO events aren’t the only reasons to visit. Strasbourg has many spots for the literary-minded that are permanent fixtures, from comic shops and indie book emporiums to historical libraries and antiquarian specialists.

Persons: Johannes Gutenberg, Gustave Doré —, Julie Doucet, Gutenberg Organizations: UNESCO, Capital, Imprimeurs Locations: Strasbourg, France, Quebec, Gutenberg, Mainz, Germany

☆ Cramer's Lightning Round: DuPont is a buy
▼ + stars: | 2024-06-10 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

Stock Chart Icon Stock chart icon Advanced Micro Devices' year-to-date stock performance. Stock Chart Icon Stock chart icon BWX Technologies' year-to-date stock performance. Stock Chart Icon Stock chart icon DuPont's year-to-date stock performance. Stock Chart Icon Stock chart icon Shopify's year-to-date stock performance. Stock Chart Icon Stock chart icon Post Holdings' year-to-date stock performance.

Persons: Lisa Su, I'm, Bloom, that's, Jim Cramer's Organizations: Devices, AMD, Technologies, BWX Technologies, GE Vernova, DuPont, Bloom Energy, GE, Holdings, Post Holdings

☆ Cramer explains why it's not wise to stick with stocks booted from the S&P 500
▼ + stars: | 2024-06-10 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

After the S&P 500 knocked three stocks from its ranks last week, CNBC's Jim Cramer told investors why it is usually not a good idea to stick with these companies. "When you see a stock that gets expelled from the S&P 500, please don't bother to try to catch a bottom — you're most likely catching a falling knife," he said. The S&P 500 evaluates the performance of roughly 500 of the largest publicly traded stocks and is seen as a bellwether for the market. He also reviewed several other recent S&P 500 castoffs and found that most of those stocks have also underperformed. Although buying an index fund is usually considered passive investing, Cramer said the S&P 500 is more actively managed than many realize.

Persons: CNBC's Jim Cramer, Robert Half, Cramer Organizations: U.S ., Comerica

☆ Cramer explains why Apple's conference made him more bullish on the stock
▼ + stars: | 2024-06-10 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer reviewed Apple 's Worldwide Developers Conference on Monday, explaining why the tech giant's announcements made him more excited about the stock, which has long been a favorite of his. Apple unveiled its highly-anticipated foray into artificial intelligence, which it's calling Apple Intelligence. For example, Apple Intelligence can generate photos based on a user's photo library, perform new tasks and use context to determine which notifications are most important. Cramer was impressed by all of these programs, saying the new technology is a huge development in AI use beyond enterprise. "For me, this Apple conference marked the beginning of generative AI for personal use, not corporate use," Cramer said.

Persons: CNBC's Jim Cramer, That's, Apple's, Software Engineering Craig Federighi, Siri, ChatGPT, Cramer, Apple Organizations: Apple, Apple Intelligence, Software Engineering

☆ Jim Cramer names packaged food stocks likely to do well in a slower economy
▼ + stars: | 2024-06-07 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Friday named packaged food stocks that might be good additions to portfolios, especially if the economy is headed for a slowdown. "For example, the packaged food plays." According to Cramer, Campbell Soup reported solid earnings but weaker guidance, due in part to its pricey acquisition of pasta sauce maker Sovos Brands. He stressed that the whole packaged food group usually does well in a slowdown and suggested also looking into Tyson Foods , Hormel , General Mills , Conagra and Kellanova . "Ultimately, I feel incrementally more positive on the packaged food space after hearing from Campbell's and Smucker," he Cramer said.

Persons: CNBC's Jim Cramer, Campbell, We've, Cramer, Smucker, General Mills, Campbell Soup Organizations: Campbell Soup, Sovos Brands, Tyson Foods Locations: Conagra

☆ Cramer's Lightning Round: 'Nothing there' with BlackBerry
▼ + stars: | 2024-06-07 | by ( Julie Coleman | ) www.cnbc.com time to read: 1 min

Stock Chart Icon Stock chart icon SLB's year-to-date stock performance. Stock Chart Icon Stock chart icon BlackBerry's year-to-date stock performance. Stock Chart Icon Stock chart icon AST SpaceMobile's year-to-date stock performance. Stock Chart Icon Stock chart icon BWX Technologies' year-to-date stock performance. BWX Technologies : "Interesting, but I'm going to have to give you GE Vernova.

Persons: Schlumberger's, I'm, it's Organizations: Technologies, BWX Technologies, GE

☆ GM has a secret to help sell its new EVs. It's Costco
▼ + stars: | 2024-06-07 | by ( Michael Wayland | ) www.cnbc.com time to read: +8 min

Costco Auto has facilitated more than 500,000 vehicle sales annually over the past five years on average, according to Jay Maxwell, Costco Auto Program general manager responsible for strategic partnerships. GM declined to disclose how many Costco customers have purchased GM vehicles through the program. EV interestA growing number of vehicle sales made through Costco Auto are of electric vehicles, Costco said. In addition to GM, Costco Auto has partnered with Volvo, including its Polestar EV startup brand, Audi and others over the years. The Costco Auto Program was initially part of wholesale competitor Price Club, which merged with Costco in 1993.

Persons: Kena, Motors, it's, Marissa West, Michael Wayland, Jay Maxwell, Maxwell, Mary Barra, That's, Cox, Scott Mlyn, Julie Craig, –, Melissa Repko Organizations: Costco, Corbis, Getty, DETROIT —, Costco Wholesale, Detroit automaker, Costco Auto Program, EVs, Chevrolet, Chevrolet Blazer, GM North America, CNBC, U.S, Costco Auto, Canada, Ford Motor, Volkswagen, Brands, Lithia Motors, AutoNation, GM, EV, Volvo, Audi, CNBC Costco Auto, Cadillac, Industry, Cox Automotive, Dealers, New York Auto Show, Price Club Locations: Teterboro , New Jersey, CNBC, U.S, Detroit, Canada

☆ Jim Cramer's week ahead: Fed meeting and CPI report
▼ + stars: | 2024-06-07 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Friday guided investors through next week's most market-moving events, highlighting the Federal Reserve's meeting and the latest consumer price index report. Nvidia will implement its 10-for-1 stock split, and Cramer said shares might drop on Monday as buyers take profits. Oracle reports on Tuesday, and Cramer said he's not sure how this enterprise software company will fare. Casey's General Stores will also report that day, and Cramer said business is strong and the stock has been "a total winner." In that vein, the Fed will likely leave rates higher for longer at its Wednesday meeting, Cramer said.

Persons: CNBC's Jim Cramer, Jay Powell, Eli Lilly, Cramer, Eli Lilly's, he's, hasn't, nonfarm, He'll Organizations: Nvidia, Apple, Apple's, Conference, Vision Pro, FDA, Oracle, Casey's, Broadcom, Signet, Adobe Locations: Figma

☆ Over 50 years after its creation, Diane von Furstenberg says the wrap dress is her greatest professional accomplishment
▼ + stars: | 2024-06-06 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +4 min

Read previewDiane von Furstenberg is reflecting on the legacy of the wrap dress. The wrap dress changed von Furstenberg's lifeVon Furstenberg created the wrap dress in 1973, taking inspiration from ballerina's tops and bright fabrics she first saw in Italy, as she shared in the documentary. AdvertisementA model walks in a Diane von Furstenberg wrap dress in 1973. AdvertisementTalita von Furstenberg and Diane von Furstenberg in March 2024. Gotham/GC Images/Getty ImagesAnd though the wrap dress has defined her professional life, von Furstenberg said her family is her greatest source of pride.

Persons: —, Diane von Furstenberg, Oscar, Sharmeen Obaid, Trish Dalton, von, von Furstenberg, Fabiola Beracasa Beckman, Tracy Aftergood, Von Furstenberg, Julie Nixon Eisenhower, Oprah Winfrey, Karlie Kloss, it's, DVF, Barry Diller, Talita von Furstenberg, Furstenberg Organizations: Service, Hulu, Tribeca, Business, CNN, Fairchild, QVC, Target, Gotham Locations: Europe, New York, Dalton, Italy

☆ Office Building Losses Start to Pile Up, and More Pain Is Expected
▼ + stars: | 2024-06-06 | by ( Joe Rennison | Julie Creswell | ) www.nytimes.com time to read: +1 min

Four years on, hybrid work has become common, and the strain on property owners is intensifying. While the number of office buildings reaching critical stages of distress remains small, the figure has increased sharply this year. And investors, lawyers and bankers expect the pain to grow in the coming months because demand for office space remains weak and interest rates and other costs are higher than they have been in many years. The problems could be especially severe for older buildings with lots of vacant space and big loan repayments coming up. Empty and nearly empty office buildings also hurt restaurants and other businesses that served the companies and workers who occupied those spaces.

Locations: New York, San Francisco

☆ Cramer's Lightning Round: Vertiv is a buy
▼ + stars: | 2024-06-06 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Vertiv's year-to-date stock performance. Stock Chart Icon Stock chart icon Monday.Com's year-to-date stock performance. Stock Chart Icon Stock chart icon NuScale Power's year-to-date stock performance. Stock Chart Icon Stock chart icon Palo Alto Networks' year-to-date stock performance. Jim Cramer's Guide to Investing Click here to download Jim Cramer's Guide to Investing at no cost to help you build long-term wealth and invest smarter.

Persons: NuScale, Palo Alto's, I'm, Jim Cramer's Organizations: Palo Alto Networks

☆ Jim Cramer explains what's at stake for consumers in the May jobs report
▼ + stars: | 2024-06-06 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

On the eve of the May jobs report, CNBC's Jim Cramer reminded investors about the tricky balancing act the Federal Reserve is attempting to pull off — bringing down inflation without seriously damaging the economy. Investors are rooting for weak figures so the Fed will be more inclined to implement interest rate cuts. But Cramer said Wall Street should remember what is at stake for consumers, especially those with low incomes, when it comes to this data and the Fed decisions. According to Cramer, it is hard for retailers to correctly dub consumers as weak or strong because they are familiar with their own customers, not the broader population. Cramer continued, saying, "the gulf is wide" between consumers, but suggested that many wealthy investors do not know enough about this dichotomy.

Persons: CNBC's Jim Cramer, Cramer, who'll, Jay Powell isn't, — he's Organizations: Federal Reserve

☆ Chubb CEO says climate change has created 'tremendous volatility' for insurance companies
▼ + stars: | 2024-06-06 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Chubb CEO Evan Greenberg told CNBC's Jim Cramer on Thursday that climate change is one factor that's driving the price of insurance. "Climate change has created tremendous volatility, and it continues to evolve," Greenberg said. "And the concentrations of values in areas where, where the climate – the impact of the climate – is greatest continues to increase." Known for insuring businesses and wealthy individuals, Chubb is also a major insurer of agriculture, Greenberg said. "And so, therefore, reflecting loss cost, when you think general inflation, when you think climate change, when you think litigation, that is driving the pricing of insurance."

Persons: Chubb, Evan Greenberg, CNBC's Jim Cramer, Greenberg, Warren Buffett, Berkshire Hathaway, Donald Trump, E, Jean Carroll Organizations: Berkshire Locations: U.S, North America, Asia, America, Wednesday's

☆ CrowdStrike CEO explains the value of modern cybersecurity in the AI landscape
▼ + stars: | 2024-06-05 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

In a Wednesday interview with CNBC's Jim Cramer, CrowdStrike CEO George Kurtz described how it serves customers who are using legacy technology from other companies. "One of the things that I talked about in my...prepared remarks on the earnings call was this concept of a monoculture," Kurtz said. "Customers are at risk when they are basically buying security from their application security provider and their cloud provider, and you're buying legacy technology." He also said Broadcom had legacy technology in their portfolio, and its customers were approaching CrowdStrike for "something more modern." According to Kurtz, quality cybersecurity programs are especially necessary as the artificial intelligence landscape expands rapidly.

Persons: CNBC's Jim Cramer, George Kurtz, Kurtz, Crowdstrike Organizations: Broadcom, Microsoft

☆ Australia drops case against Elon Musk's social media platform X over church stabbing footage
▼ + stars: | 2024-06-05 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +2 min

Australia on Wednesday announced it had dropped its legal battle against Elon Musk's X to have graphic footage of a church stabbing in Sydney removed from the social media platform. The dispute was widely seen as a test case for the Australian government's ability to enforce its online safety standards on the social media giants. Julie Inman-Grant, Commissioner of Australia's online safety regulator, said in a statement that after weighing "multiple considerations," she decided that discontinuing the proceedings would "likely achieve the most positive outcome for the online safety of all Australians, especially children." I stand by my investigators and the decisions eSafety made," Inman-Grant said, referencing Australia's independent regulator for online safety. Last month, the Musk-owned social media platform won a reprieve in Australia when a court refused to extend a temporary order blocking videos of a Sydney church stabbing globally.

Persons: Elon Musk, Tesla, Elon Musk's, Julie Inman, eSafety, Inman, Grant, Musk, Bishop Mar Mari Emmanuel, Australia's Organizations: SpaceX, X Holdings Corp, Milken Institute's Global, Beverly Hilton Hotel, Wednesday, Grant, X's Global Government Affairs Locations: Beverly Hills , California, Australia, Sydney, Australian

☆ The women behind the glitz and glamour of New York’s fabled department stores
▼ + stars: | 2024-06-05 | by ( Cat Woods | ) edition.cnn.com time to read: +9 min

CNN —Before the nationwide influx of suburban malls and the convenience of online shopping, there was a golden age of American department stores. Satow’s evocation of this historic age is timely, with the death knell for many US department stores well and truly ringing in our ears. Sally Moss“When department stores originally opened, (they represented) one of the rare opportunities for women to congregate together in public,” Satow told CNN. Her motivation was to make department stores enticing — and accessible — for women of all means.) Read: “The Dallergut Dream Department Store” (2024)A bestseller in Korea, the debut novel (and first of a two-book series) from author Miye Lee weaves a fantastical narrative around, as its title suggests, a department store selling consumers’ perfect dreams.

Persons: strategized, Hortense Odlum, Bonwit Teller, Dorothy Shaver, Taylor, Geraldine Stutz, Henri Bendel, Julie Satow’s, Odlum, Shaver, Stutz, Sally Moss “, ” Satow, “ Dorothy Shaver, …, ’, ” Doubleday, —, Elizabeth Arden, Helena Rubinstein, “ Hortense Odlum, Jill Krementz “, “, ”, Madeleine St, Goode, Kim Cattrall, Jonathan, Andrew McCarthy, Estelle Getty’s, Claire Timkin, Hollywood Montrose, Miye Lee, Miss Jones ”, John P, Merrick, Charles Coburn, Mary Jones, Jean Arthur, Helena Rubinstein ”, Lindy Woodhead, mindedly Organizations: CNN, puma, Harrods, Rive, TIME, Fashion Group, Fashion, Fashion Industry Hall of Fame, New, & $ Locations: America, Bonwit, Europe, London, Le Bon, Paris, New York, TikTok, Sydney, Australia, Korea

☆ Cramer's Lightning Round: PNC is a buy
▼ + stars: | 2024-06-05 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon PNC's year-to-date stock performance. [buy, buy, buy]." Stock Chart Icon Stock chart icon Core Scientific's year-to-date stock performance. Stock Chart Icon Stock chart icon MasTec's year-to-date stock performance. Stock Chart Icon Stock chart icon Workday's year-to-date stock performance.

Persons: I've Organizations: PNC, Energy Fuels, GE

☆ American Airlines offers flight attendants 17% raises as contract talks drag on
▼ + stars: | 2024-06-05 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

American Airlines CEO Robert Isom offered flight attendants immediate 17% wage increases on Wednesday as contract talks continue without a deal, bringing the prospect of a strike closer. The airline and the Association of Professional Flight Attendants have struggled to reach a new contract agreement, differing on major issues, such as pay. Flight attendants haven't received contract raises since before the pandemic. "This means we've offered increased pay for all flight attendants and are not asking your union for anything in return. U.S. airline pilots largely locked in new labor deals last year, while flight attendants at American, United Airlines and Alaska Airlines are still negotiating.

Persons: Robert Isom, haven't, Isom, Julie Hedrick Organizations: American, Association of Professional, Spirit Airlines, U.S, United Airlines, Alaska Airlines, National Mediation

☆ Jim Cramer explains how Nvidia's gains can lift other stocks
▼ + stars: | 2024-06-05 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Wednesday explained to investors how Nvidia can sometimes boost other stocks when it soars. He added that companies involved in every aspect of building data centers saw gains, from energy outfits to semiconductor manufacturers. "I know that Nvidia's stock accounts for one-third of the S&P 500's rally this year, so it's easy to say it has outsized influence," Cramer said. "But as a formerly decent bowler before I hurt my elbow, I'll tell you that I've never seen, ever seen anything like this. Every time Nvidia hits the head pin, it's strike after strike after strike."

Persons: CNBC's Jim Cramer, Cramer, Hewlett Packard, I've Organizations: Nvidia, Nasdaq, Apple

☆ Australia drops legal fight against X over church stabbing video
▼ + stars: | 2024-06-05 | by ( Hilary Whiteman | ) edition.cnn.com time to read: +5 min

Brisbane, Australia CNN —Australia’s eSafety commissioner has dropped her legal bid to force Elon Musk’s social media site X to hide a violent video of a church stabbing in Sydney from global users. The eSafety commissioner had wanted X to hide the video for users beyond Australian borders. The incident set off a riot outside the church that authorities said was stoked by the rapid distribution of the video online. “The Video is, and at all material times has been, widely accessible to persons in Australia other than on the X platform, including in its full form on other social media services and various websites,” court documents said. The Assyrian Orthodox cleric was quoted in court filings as supporting the distribution of the video as an exercise in free speech.

Persons: Australia CNN — Australia’s, Elon, Julie Inman Grant, X, Inman Grant, ”, Musk, ’, Joanne Gray, ” Gray, it’s, Bishop Mar Mari Emmanuel, eSafety, she’d Organizations: Australia CNN, University of Sydney, Good Shepherd, Australian Jewish Association, Australia’s, ABC Locations: Brisbane, Australia, Sydney

☆ Jim Cramer says the stock market is a 'work in progress' towards a rate cut
▼ + stars: | 2024-06-04 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer reviewed Tuesday's market action, suggesting to investors the moves may be a good setup for rate cuts. "You get a day like today, it's a work in progress toward a rate cut, hence why we rebounded in the late afternoon," he said. "We have days like today that are good setups for a rate cut, but that doesn't give us enough evidence to truly move the needle." Cramer also stressed that market action can't be explained in purely simple terms — even if such a fraught summation isn't satisfying. It doesn't make things simple," he said.

Persons: CNBC's Jim Cramer, Cramer, Friday's Organizations: Federal Reserve

☆ 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

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