DIRS.INFO The most relevant business & tech news

☆ 8 more of our stocks report earnings next week. Here's what we want to see
▼ + stars: | 2024-02-03 | by ( Zev Fima | ) www.cnbc.com time to read: +13 min

The three major averages posted gains for the fourth week in row, lifted by strong quarterly earnings results for most of the Big Tech companies and a strong jobs report. A weaker ADP Employment report on Wednesday provided no read-through to the monster January jobs report Friday. Here's what we're keeping an eye on in the coming week: 1. Earnings: It's another big earnings week head for the portfolio, with 8 more of our companies reporting. Consistency is what we appreciate most from nat gas giant Linde , so we're hoping for another quarter of solid earnings growth Tuesday.

Persons: Estee Lauder, Eli Lilly, Mounjaro, Nelson Peltz, Estée Lauder, Tyson, CARR, Jacobs, Willis Towers Watson, Edwards, Walt Disney, Oscar Health, Philip Morris, Armour, BAX, BILL, Jim Cramer's, Jim Cramer, Jim, George Frey Organizations: Big Tech, Dow Jones Industrial, Nasdaq, PMI, Apple, Starbucks, Procter, Gamble, GE Healthcare, DuPont, Linde, Ford, General Motors, Trian Partners, Disney, ESPN, Wynn Resorts, Wynn, Vegas, Prix, Estée Lauder Companies, Caterpillar, McDonalds Corp, Allegiant Travel, Bowlero Corp, Tyson Foods, TSN, Air Products & Chemicals, IDEXX Laboratories, CNA Financial Corp, CNA, Timken Company, Graham Corporation, Mesa Laboratories, Sphere Entertainment, Loews Corp, Technologies, Vertex Pharmaceuticals, Semiconductors, Simon Property Group, Amkor Technology, FMC Corporation, FMC, BellRing Brands, Crown Holdings, ChampionX Corporation, Golub Capital BDC, Flexsteel Industries, Kilroy Realty Corp, Gladstone Capital Corp, Unibanco, S.A, Snack Foods Corp, Kimball Electronics, Skyline Corp, Cabot Corporation, Simpson Manufacturing Co, Varonis Systems, Co, GE HealthCare, Linde plc, LIN, Spotify Technology S.A, BP, Hertz Global Holdings, AeroSystems Holdings, Toyota Motor Corp, Cummins, CMI, Software Technologies, AGCO Corporation, Carrier Global Corporation, Lear Corp, CONSOL Energy, Centene Corporation, Gartner, Arcbest Corp, CTS Corporation, Energizer Holdings, Hamilton Lane Incorporated, KKR, Precision Drilling Corporation, Frontier Group Holdings, Waters Corp, Alfa Laval, Aramark Holdings Corp, FirstService Corporation, Garden Sports Corp, New Jersey Resources Corp, nVent Electric plc, PJT Partners, Resources, Sensata Technologies, Ford Motor Company, Enphase Energy, Grill, VF Corp, Edwards Lifesciences Corp, Gilead Sciences, Lumen Technologies, Cognizant Technology Solutions Corp, Weatherford International plc, Amcor plc, Arrowhead Pharmaceuticals, Advanced Energy Industries, Uber Technologies, CVS Health, Roblox Corporation, Ares Capital Corp, Bunge, XPO Logistics, Scotts Miracle, Gro Company, Berry Global, Flex LNG, Equinor ASA, Griffon Corporation, OneMain Holdings, Brookfield Asset Management, Emerson Electric Co, Hilton Worldwide Holdings, Reynolds Consumer Products, Silicon Laboratories, Brands, Sciences, CDW Corp, Fox Corporation, WYNN, PayPal, Arm Holdings plc, ARM, Axcelis Technologies, Mattel, Paycom, Annaly Capital Management, McKesson Corp, Health Corporation, O'Reilly Automotive, Allstate Corp, Fluence Energy, Power Systems, Digital Turbine, Blue Bird Corp, Everest Group, Omega HealthCare, Coty, COTY, ConocoPhillips, Cameco Corp, Philip Morris International, Spirit Airlines, Hershey Company, Lightspeed Commerce, Aurora Cannabis, Lincoln National Corp, P, Tenet Healthcare Corp, Asbury Automotive Group, Arrow Electronics, Baxter International, PetMed, Boyd Gaming Corp, FirstEnergy Corp, Motorola Solutions, Terex Corp, PepsiCo, Growth, AMC Networks, Owl, American Pipeline, TELUS International, Magna International, Newell Brands, Jim Cramer's Charitable, CNBC, Bloomberg, Getty Locations: U.S, China, Macau, Wynn Macau, Valvoline, VVV, ALFVY, Madison, New Jersey, Gilead, Ceridian, ORLY, Paycor, Aurora, Provo , Utah

☆ AMD bets on AI-powered PCs as artificial intelligence race with Nvidia, Intel heats up
▼ + stars: | 2024-02-02 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

SHANGHAI, CHINA - JULY 28, 2023 - Photo taken on July 28, 2023 shows the AMD logo at the 2023 ChinaJoy in Shanghai, China. U.S. chip giant Advanced Micro Devices is betting on AI PCs to take on rivals including Nvidia and Intel as the AI race heats up. "[The market for] AI PCs is going to continue to expand," said Victor Peng, president of AMD, in an exclusive interview with CNBC on Thursday. He added that the firm expects more adoption of AI PCs in the second half of the year. IDC expects the integration of AI capabilities into PCs to serve as a catalyst for upgrades, hitting shelves this year.

Persons: Victor Peng, Enrique Lores Organizations: Nvidia, Intel, AMD, CNBC, ChatGPT, HP, International Data Corporation, IDC Locations: SHANGHAI, CHINA, Shanghai, China . U.S

☆ It's too expensive to replace human workers with AI—for now, says MIT study
▼ + stars: | 2024-02-02 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +2 min

That's because it may be too expensive for companies to replace human workers with AI, according to a January study from MIT CSAIL, MIT Sloan, The Productivity Institute and IBM's Institute for Business Value. The study researched the technical requirements and characteristics an AI model would need in order to complete a job at the level a human could. Then, researchers examined whether it makes economic sense for a company to pay for the development of that AI system and deploy it instead of a human worker. The study found that the majority of the time, it would be cheaper for companies to continue to use human workers for those tasks rather than automate them with AI. There's likely to be a "more gradual integration of AI into various sectors," instead of a rapid replacement of human workers with AI bots, Thompson says in the study.

Persons: MIT Sloan, wouldn't, Neil Thompson, Thompson Organizations: MIT CSAIL, MIT, The Productivity Institute, IBM's Institute for Business, CNBC

☆ Wray’s stunning warning points to a new age of US vulnerability
▼ + stars: | 2024-02-01 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

“The CCP’s dangerous actions, China’s multi-pronged assault on our national and economic security, make it the defining threat of our generation,” Wray said. Xi promised Biden China wouldn’t interfere in the 2024 presidential election at that meeting, CNN reported exclusively this week. The high-level diplomatic contacts continued last week when national security adviser Jake Sullivan met Chinese Foreign Minister Wang Yi in Bangkok. “This is the cyberspace equivalent of placing bombs on American bridges, water treatment facilities and power plants,” he said. “If you have a cyberattack on that sort of technology, it could affect all signals at once,” Geddes said.

Persons: Christopher Wray, Rick Geddes, ”, Wray, Xi, ” Wray, Joe Biden, Biden, Biden China wouldn’t, Jake Sullivan, Wang Yi, Donald Trump, Kevin McCarthy, Mike Gallagher of, Raja Krishnamoorthi, Paul Nakasone, Gallagher, Geddes, ” Geddes Organizations: CNN, Cornell, Chinese Communist Party, Communist Party, CCP, South China, –, Capitol, Republican, Democrat, US Cyber Command, “ Locations: Washington, Beijing, United States, China, Taiwan, South, Xi Jinping’s China, California, Biden China, Bangkok, Mike Gallagher of Wisconsin, Illinois

We're selling 95 shares of GE Healthcare at roughly $74. Following Wednesday's trade, Jim Cramer's Charitable Trust will own 1,150 shares of GEHC, reducing its weighting to 2.75% from 2.97%. If hospitals have more of a wherewithal to invest in medical equipment, some of that will go to GE Healthcare. Philips orders have been down for six quarters in a row, but GE Healthcare hasn't seen that weakness yet. With Wednesday's sale, we'll realize a small loss of about 7% on GEHC stock purchased last May.

Persons: Jim Cramer's, GEHC, We've, Jim Cramer, Jim Organizations: GE Healthcare, JPMorgan Healthcare, Philips, GE, JPMorgan, GE Healthcare hasn't, CNBC Locations: China, GEHC

Analyst Oliver Chen also maintained his buy rating for Ulta stock, simultaneously lifting his price target to $580 from $570. Deutsche Bank: Reiterate buy rating and $450 price target, implying 10% upside. Kallo's price target of $300 implies that Tesla stock could rally more than 56% from its Tuesday closing price. Citi analyst Christopher Danely also stood by his buy rating on the stock while lifting his price target to $192 from $136. Analyst Jeffrey Adelson downgraded the company to underweight from equal weight and cut his price target to $6.50 from $7.

Persons: Morgan Stanley, TD Cowen, Ulta, Oliver Chen, ULTA, Chen, — Lisa Kailai Han, Goldman Sachs, Kash Rangan, Baird, Tesla, Ben Kallo, Elon Musk's, Toshiya Hari, Hari, Christopher Danely, Vivek Arya, Danely, Arya, Harlan Sur, Kannan Venkateshwar, Venkateshwar, Eric Sheridan, Sheridan, Justin Post, Ross Sandler, Sandler, Ronald Josey, Josey, Morgan Stanley downgrades, Jeffrey Adelson, Adelson, SOFI, SoFi, Fred Imbert Organizations: CNBC, Google, Microsoft, SoFi Technologies, Deutsche Bank, Citi, Barclays, Tesla, Devices, Wall Street, AMD, Bank of America, Barclays downgrades Verizon Barclays, Verizon, Venkateshwar, Bulls, Morgan Stanley downgrades SoFi Locations: Ulta

☆ Nasdaq CEO Adena Friedman on Q4 results, Adenza integration and IPO outlook
▼ + stars: | 2024-01-31 | 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 EmailNasdaq CEO Adena Friedman on Q4 results, Adenza integration and IPO outlookNasdaq CEO and chair Adena Friedman joins 'Squawk Box' to discuss the company's quarterly earnings results, Adenza integration, IPO outlook, and more.

Persons: Adena Friedman Organizations: Nasdaq

SAN FRANCISCO (AP) — Microsoft Corp. said Tuesday that its profit for the October-December quarter soared 33%, powered by its significant investments in artificial intelligence technology. The company said that increase largely reflected growth in its cloud-computing unit, where Microsoft focuses most of its AI investments. “Microsoft is firmly establishing itself as a frontrunner in the AI race,” said Jeremy Goldman, director of briefings at Insider Intelligence. In addition to other benefits, Goldman suggested that AI technology could help expand Microsoft’s share of digital advertising. That merger boosted Microsoft's revenue growth by four points, according to James Ambrose, the company's director of investor relations.

Persons: ”, Jeremy Goldman, Goldman, James Ambrose, Microsoft's Organizations: FRANCISCO, — Microsoft Corp, Microsoft, Intelligence, Google, FactSet Research, Activision, Revenue Locations: Redmond, Washington

☆ Analysis-West Africa's 'Brexit' Moment Spells Trouble for the Region
▼ + stars: | 2024-01-30 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +6 min

Ivory Coast alone is home to more than 5 million people from Burkina Faso, Mali and Niger. Earlier this month, Russia and Niger, ruled by a junta since a coup last year, agreed to develop military ties. Russian military personnel flew into Burkina Faso's capital Ouagadougou last week to ensure the safety of the country's military leader. EMPTY THREATECOWAS has responded to a wave of coups in the region since 2020 with sanctions that the juntas have called "illegal and inhumane." "The departure from ECOWAS will have catastrophic consequences for the ability to respond to the many security challenges facing this region," said Abba.

Persons: Bate Felix, David Lewis, Giulia Paravicini, Seidik Abba, Russia's Wagner, Mucahid Durmaz, Verisk Maplecroft, Charlie Robertson, Kwesi Aning, Gilles Yabi, Adama Coulibaly, Nagnouma Keita, Abba, Tiemoko Diallo, Boureima, Silvia Aloisi, Andrew Cawthorne Organizations: Giulia Paravicini DAKAR, West, West African States, Reuters, Islamic, FIM Partners, European Union, ECOWAS, CFA Locations: Mali, Burkina Faso, Niger, Russia, Ivory Coast, Niger . Niger, Nigeria, Paris, Ghana, Togo, Benin, France, United States, Burkina Faso's, Ouagadougou, West Africa, United, London, Bamako, Guinea, China

RALEIGH, N.C. (AP) — North Carolina has joined a nascent nationwide effort to improve outcomes for more prisoners who return to society through an approach focused on education, health care and housing. More than 18,000 people are released annually from the dozens of North Carolina adult correctional facilities, the order says, facing obstacles to a fresh start from their criminal record. The council said that North Carolina is the third state to officially join Reentry 2030, after Missouri and Alabama. And Greg Singleton, a continuing-education dean at Central Carolina Community College in Sanford, is himself an ex-offender, having served four years in prison in the 1990s. “What if God didn’t give second chances — where would any of us be?” Singleton asked.

Persons: Roy Cooper, ” Cooper, “, Todd Ishee, Cooper, Joe Gibbs, Greg Singleton, didn’t, ” Singleton, ” Organizations: —, Gov, Council of State Governments, Transportation Department, of Health, Human Services, Republican, Assembly, NASCAR, Super Bowl, Life, Central Carolina Community College Locations: RALEIGH, N.C, — North Carolina, North Carolina, Missouri, Alabama, Carolina, Sanford

☆ The wife of a SpaceX worker whose skull was fractured after rocket engine malfunction sues for negligence, report says
▼ + stars: | 2024-01-29 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Read previewThe wife of a SpaceX technician whose skull was fractured during a rocket malfunction in January 2022 is suing Elon Musk 's company for negligence. This story is available exclusively to Business Insider subscribers. An investigation by Reuters published late last year found that SpaceX has had at least 600 worker injuries since 2014. The report found that SpaceX's average injury rates at three of its facilities, including Hawthrone, far outpaced rates across the wider space industry. The average injury rate for SpaceX's California site was 1.8, compared to an industry average of 0.8 injuries per 100 workers in 2022.

Persons: —, Elon Musk, Francisco Cabada, Ydy Cabada, Ydy, Michael Rand, Musk Organizations: Service, SpaceX, Business, Occupational Safety, Health Administration, Reuters Locations: Hawthorne , California, Los Angeles , California, California

☆ Moldovan Negotiator Rules Out Moscow Role in Solving Separatist Issue
▼ + stars: | 2024-01-28 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +3 min

Deputy Prime Minister Oleg Serebrian made his comments on national radio as Moldova's pro-European government pressed ahead with its drive to secure European Union membership. "Returning to that format for a peaceful settlement depends on improved relations between Moscow and Kyiv," he said. Prime Minister Dorin Recean on Saturday announced in a video presentation that Cristina Gherasimov, previously foreign ministry secretary of state, would serve as European integration minister and chief negotiator in negotiations on EU membership. Gherasimov will also head a new European Integration Bureau dedicated to proceeding with those talks. Her appointment, and that of new Foreign Minister Mihail Popsoi, followed the resignation last week of Foreign Minister Nicu Popescu.

Persons: Alexander Tanas CHISINAU, Oleg Serebrian, Serebrian, Maia Sandu, Russia's, Transdniestria, Dorin Recean, Cristina Gherasimov, Gherasimov, Mihail Popsoi, Nicu Popescu, Alexander Tanas, Ron Popeski, Leslie Adler Organizations: European Union, European Affairs, EU, Saturday, Integration Bureau Locations: Russian, Russia, Ukraine, United States, Moscow, Kyiv, Romania, Moldova

☆ China's air force is far from ready for a crucial mission it needs to seize Taiwan
▼ + stars: | 2024-01-27 | by ( Michael Peck | ) www.businessinsider.com time to read: +7 min

A key component will be close air support , or CAS, which the US Air Force defines as "air action by aircraft against hostile targets that are in close proximity to friendly forces." But air support became more responsive "as the ground forces became more motorized and mechanized, and PLAAF capabilities improved." But the biggest limitation for Chinese close air support remains command and control. AdvertisementWhile China is beginning to make strides here, the PLA's approach to close air support has key differences with America's. Chinese CAS also "appears to have a simpler and streamlined command and coordination system compared to U.S. close air support," wrote McCauley.

Persons: Kevin McCauley, McCauley, Ethan R, Jones, Brendan Mulvaney, Mulvaney Organizations: Service, Business, US Air Force, Air, Marine Corps, People's Liberation Army, People's Liberation Army Air Force, US, Foreign Military Studies, CAFS, US Army, US 9th Air Force, CAS, US Marine Corps, PLA, US Air, China Aerospace Studies Institute Locations: China, Taiwan, Ukraine, Russian, Soviet, Normandy, Britain, Korea, Vietnam, Afghanistan, Iraq

☆ China says US military makes region more dangerous after Navy ship sails through Taiwan Strait
▼ + stars: | 2024-01-26 | by ( Brad Lendon | ) edition.cnn.com time to read: +4 min

Seoul, South Korea CNN —China accused the United States military of “abusing international law” and continuing a pattern of “dangerous provocations” in East Asia Thursday, after a US Navy destroyer made the service’s first transit of the Taiwan Strait of 2024. The USS John Finn (DDG 113) conducts routine operations in the East China Sea, on January 24, 2024. John Finn’s transit through the Taiwan Strait demonstrates the United States’ commitment to upholding freedom of navigation for all nations as a principle,” Greene said. While the John Finn’s transit of the Taiwan Strait was the first of 2024, US warships and warplanes regularly travel through and over the waterway. Aquilino told a defense forum in Hawaii that he expected a show of force from China against Taiwan in the wake of the election result.

Persons: ”, John Finn, Xi Jinping, reunify, Justin Stack, Cmdr, Meagan Greene, John Finn’s, ” Greene, John, Collin Koh, Washington, Wu Qian, “, John Aquilino, Aquilino, ” Aquilino, ” Koh Organizations: South Korea CNN, United, US Navy, Democratic Progressive Party, Party, Taiwan, Taiwan Relations, U.S . Navy US Navy 7th Fleet, Coast Guard, Rajaratnam, of International Studies, China’s Defense Ministry, Xinhua, China -, Defense, Pacific Command, Communist Party, Clinton, CNN, Pacific Locations: Seoul, South Korea, China, United States, East Asia, Taiwan Strait, Taiwan, Beijing, East China, State, States, Singapore, China - U.S, U.S, Hawaii, Honolulu ., Washington

☆ Watch CNBC's full interview with Etsy CEO Josh Silverman
▼ + stars: | 2024-01-24 | 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 EmailWatch CNBC's full interview with Etsy CEO Josh SilvermanEtsy CEO Josh Silverman joins 'Money Movers' to discuss the company's new AI integration, how this new product will manifest itself in Etsy's marketing, and how it's different than what competitors offer.

Persons: Josh Silverman

☆ Etsy CEO on 'Gift Mode': Leverages AI to help find the perfect gift
▼ + stars: | 2024-01-24 | 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 EmailEtsy CEO on 'Gift Mode': Leverages AI to help find the perfect giftEtsy CEO Josh Silverman joins 'Money Movers' to discuss the company's new AI integration, how this new product will manifest itself in Etsy's marketing, and how it's different than what competitors offer.

Persons: Josh Silverman

☆ Review: They Fly. They Spin. They Change How You See the Amazing.
▼ + stars: | 2024-01-24 | by ( Brian Seibert | ) www.nytimes.com time to read: +1 min

Inverted, they spin on one or both hands or on their heads, legs spiraling. Upright, they bound into the air, as if off trampolines, ball up their bodies and rapidly rotate in high-flying arcs. What for other dancers might be show-off steps are integrated into a poetic vision, a different way of being. Like all the works the company has performed in New York, this is very much an ensemble piece. For 75 minutes, its 18 dancers never leave the stage.

Persons: Koubi’s “ Sol Invictus, Van Cleef Organizations: Hervé, New York, Joyce Locations: Koubi’s, New, New York

BUDAPEST, Hungary (AP) — With Turkey completing its ratification of Sweden's bid to join NATO, Hungary is the last member of the military alliance not to have given its approval. Orbán has long promised that Hungary wouldn't be the last NATO member to ratify Sweden's request to join the alliance. Yet Orbán's critics say that there is no such schism within his party, and that when it comes to Hungary's approval of Sweden's NATO membership, Orbán alone is in control. Hungary's opposition parties, which favor Sweden's membership in NATO, have made several attempts over the past year to schedule a vote on the matter. “Anybody who believed that it’s in the hands of the governing party lawmakers was seriously mistaken,” she said.

Persons: Viktor Orbán, Orbán, Hungary wouldn't, —, Agnes Vadai, parliament's, It’s, ”, he'd, Ulf Kristersson, Kristersson hasn't, Tobias Billström, Budapest hasn't, he’d, Jens Stoltenberg, Dorka, Kristersson, “, ” Vadai, Vladimir Putin, Vadai, Orbán's Organizations: —, Turkey, NATO, Central European, Fidesz, European Union, Democratic Coalition, Ministry of Defense, Hungary, Centre, Integration Locations: BUDAPEST, Hungary, Budapest, Sweden, Turkey, Stockholm, Swedish, Ukraine, NATO

☆ Spotify to begin in-app sales on iPhone in Europe after new EU law requires Apple to allow it
▼ + stars: | 2024-01-24 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

Spotify said Wednesday it will update its iPhone app in Europe to allow users to buy in-app subscriptions and audiobooks. In most regions, Apple's App Store rules prohibit companies such as Spotify from billing users directly within the app. Apple says app makers should instead use Apple's App Store billing service, which takes a cut of up to 30%. Spotify said it will use the new regulation to allow users to subscribe to Spotify Premium, allow users to buy audiobooks, and run promotional campaigns, all within the app. The company will also allow iPhone users to directly download other Spotify apps from its website, such as Spotify for Artists, it said.

Persons: gatekeepers, Tim Cook, Morgan Stanley, Erik Woodring Organizations: Spotify, Apple, Markets, SEC, Artists, App Locations: Europe

☆ This Swiss auto parts maker's stock could soar by 75%, Vontobel says
▼ + stars: | 2024-01-24 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Switzerland-listed car parts manufacturer Autoneum's share price could increase by over 70% in the next year, according to Vontobel. The investment bank raised its price target on Autoneum to 215 Swiss francs ($248), representing a potential 74% upside from the current share price of 123.80 francs. However, Autoneum's organic sales grew only 7.2%, lagging the broader recovery, according to the car parts maker's full-year revenue results, released Monday. CHF= 1Y line When excluding negative currency effects that lowered sales by 7.2%, Autoneum's 2023 revenue was 2.43 billion Swiss francs, meeting the company's own guidance. In contrast to Vontobel's bullish outlook, Swiss bank UBS has a neutral view of the stock, with a price target of 110 CHF — 10% below the current share price.

Persons: Vontobel, Arben Hasanaj Organizations: BMW, Ford, Renault, Mercedes, GM, Volvo, UBS, — Locations: Switzerland, Zurich, Asia, Swiss

☆ The B-21 Raider took its first flight just 2 months ago, but the Pentagon is already sure it wants more of its new stealth bomber
▼ + stars: | 2024-01-23 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

The B-21 Raider, the US Air Force's newest bomber, has already entered production. AdvertisementProduction of the B-21 Raider is underway, a top Pentagon official revealed this week, a little more than two months after the US Air Force's newest bomber completed its maiden flight. AdvertisementThe B-21 Raider is seen in an undated photograph released on Dec. 2, 2022. Northrop Grumman unveils the B-21 Raider during an event in Palmdale, California on Dec. 2, 2022. The B-21 "Raider," a long-range stealth bomber that can be armed with nuclear weapons, takes off during its first flight in California on Nov. 10, 2023.

Persons: —, William LaPlante, LaPlante, David Swanson, Defense Lloyd Austin, Austin, Northrop Grumman Organizations: Raider, US Air Force's, Pentagon, Service, Business, Northrop Grumman, US Air Force, ., US, REUTERS, Defense Locations: Palmdale , California, California

☆ Moody's is negative on Asia's sovereign creditworthiness in 2024 as China growth slows
▼ + stars: | 2024-01-22 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

Moody's Investors Service has a negative outlook for sovereign creditworthiness in Asia-Pacific this year, due to China's slower economic growth as well as tight funding and geopolitical risks. China's rebound from the Covid-19 pandemic wasn't as fast as several economists had expected at the start of 2023. In a Jan. 15 report, Moody's predicted China's real GDP growth would slow to 4% this year and next, from an average of 6% between 2014 and 2023. The credit rating agency said the slowdown in China's growth "significantly influences" APAC economies because of its strong integration in global supply chains. Goldman Sachs and Morgan Stanley, among other major international investment banks, predict China's economy to grow at a slower pace of 4.6% in 2024, down from 5.2% expected for 2023.

Persons: Moody's, Goldman Sachs, Morgan Stanley Organizations: Moody's, National Bureau of Statistics Locations: Asia, Pacific

☆ Why China poses a growing threat to the U.S. auto industry
▼ + stars: | 2024-01-22 | by ( Michael Wayland | ) www.cnbc.com time to read: +7 min

Tesla CEO Elon Musk, whose company operates a large plant in China, has said Chinese automakers are the greatest competitors for his Texas-based company. "They were 26% [market share] a few years ago, up to more than 50% in 2022 and headed towards two-thirds by the end of the decade." Chinese companies have begun expanding into Mexico, Europe and elsewhere, Wakefield said. The EU believes Chinese EVs are undercutting the prices of local models by about 20% in the European market. The influx of Chinese EVs has spurred the European Union to launch into government support for the industry.

Persons: —, Carlos Tavares, Elon Musk, Tesla, Musk, BYD, Massimo Pinca, Reuters BYD, Kristin Dziczek, Mathew Vachaparampil, Bernstein, Eunice Lee, Mark Wakefield, Evelyn Cheng, hasn't, Wakefield, That's Organizations: GM, Shanghai International Automobile Industry, National Exhibition, Convention Center, Visual China, Getty, DETROIT, American, of, SAIC, Dongfeng, General Motors, U.S . Bureau, Analysis, America —, Chrysler, America's GM, Ford Motor, automakers, The New York Times, Economist, Reuters, Federal Reserve Bank of Chicago's, Caresoft, Overseas, Chicago, CNBC, European Union, EU, Union, Volvo, Karma, Ford, U.S, Buick, Lincoln Nautilus Locations: Shanghai, U.S, of China, Asia, Europe, China, Japan, Nio, Mexico, Korea, Germany, Beijing, Texas, Turin, Italy, Federal Reserve Bank of Chicago's Detroit, AlixPartners, Russia, America

MILAN (AP) — AC Milan goalkeeper Mike Maignan says too many people are “complicit” in allowing racism to continue blighting soccer, and urged authorities to take stronger action after he suffered racist abuse on Saturday night. It's not the first time it's happened to me and I'm not the first person it's happened to,” Maignan wrote in French on X, formerly known as Twitter. “The fans in the stands, who saw everything, who heard everything but decided to stay quiet, you are complicit,” Maignan continued on X. Enough is enough.”Maignan, whose brilliant performances helped Milan win the Serie A title in 2022, praised those who helped him to cope. "We reaffirm our aversion to any form of discrimination and express our profound solidarity with the AC Milan player Mike Maignan in light of Saturday’s deplorable incident at our stadium.

Persons: Mike Maignan, Maignan, DAZN, “ It's, It's, I'm, ” Maignan, “ We've, ”, Prince Boateng, Mario Balotelli, Lukaku, Gianni Infantino, Kylian Mbappé, ” Mbappé, “ Organizations: MILAN, — AC Milan, Udinese, Serie, FIFA, Maignan, Milan, AC Milan, ” Udinese, “ Udinese Locations: Italy

☆ BYD and more: AllianceBernstein names top Asian stock picks for the next 6 months, gives one over 60% upside
▼ + stars: | 2024-01-19 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +4 min

"We also believe the demand for memories will remain strong thanks to the growing demand for generative AI and more broadly for compute," the bank's analysts wrote. AllianceBernstein expects the share price of Samsung to hit 92,000 Korean Won ($68.44) in the next 12 months, giving it potential upside of 29.4%. "BYD's unparalleled cost structure and vertical integration of powertrain will enable it to achieve a dominant market share in this segment," the bank's analysts wrote. AllianceBernstein's target price of 334 Hong Kong dollars ($42.71) gives it around 61.5% upside. AllianceBernstein gave the giant a price target of $170, giving it around 33% upside.

Persons: Bernstein, Ann Larson, AllianceBernstein, Tesla, Holdings AllianceBernstein, PDD, — CNBC's Michael Bloom Organizations: Street, Samsung Electronics, SK Hynix The South, Samsung, Won, SK Hynix, Hong, Holdings, PDD Holdings Locations: Asia, China, Hong Kong

Search resuls for: "Integration"

25 mentions found