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☆ Google-backed Tempus AI pops by as much as 15% in Nasdaq stock market debut
▼ + stars: | 2024-06-14 | by ( Riley De León | ) www.cnbc.com time to read: +1 min

Tempus AI, a health-care diagnostics company that uses AI to interpret medical tests to help physicians provide more accurate treatment for their patients, rose by as much as 15% in its Nasdaq Stock Market trading debut on Friday, after going public under the ticker symbol "TEM." Tempus AI priced 11.1 million shares at $37 apiece on Thursday, at the top of its initial $35 to $37 target range. Its early gains, if they hold, would place the company at a valuation of roughly $7 billion. Tempus believes that AI can help guide therapy selection and treatment decisions, in conjunction with the patient's doctor. "We're on a really good trajectory," Tempus AI CEO Eric Lefkofsky said on CNBC's "Squawk Box" Friday morning before shares started trading.

Persons: Eric Lefkofsky, we're Organizations: Nasdaq Stock Market

☆ A financially independent couple with 2 kids shares how they both retired by 35 and haven't returned to the office since
▼ + stars: | 2024-06-13 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

Dogen and his wife are FIREs — financial independence, retire early — who make it work with two kids in one of the US's most expensive cities. I'm only 35 years old, leaving a well-paid job behind, losing so much money," Dogen said. They upped their savings rate and tried to maximize passive income during those years. "One of the interesting phenomena you'll see in the FIRE space is how a man will proclaim he's retired early, but he'll have a working wife," Dogen said. She returned to the company after a few months, making more in a part-time position than she did working full-time.

Persons: Sam Dogen, Dogen, —, monetizing, he's, she's, it's Organizations: Service, San, Business, FIRE Locations: New York City, San Francisco

☆ How California, Once Flush, Got Stuck With a Budget Shortfall
▼ + stars: | 2024-06-13 | by ( Shawn Hubler | ) www.nytimes.com time to read: +1 min

California’s state budget dwarfs the gross domestic products of some countries, supporting the nation’s most populous state and the world’s fifth-largest economy. When Golden State finances swing, there is an impact — and they can swing wildly. Two years ago, the state was projecting a record surplus; now, state lawmakers are confronting tens of billions of dollars in red ink. State law requires legislators to pass a balanced budget by June 15 each year or lose their pay and expense money. Why do California’s finances jump around so much?

Persons: Gavin Newsom Organizations: Golden, Gov

☆ South Africa's cash giveaway plan is not universal basic income, experts say
▼ + stars: | 2024-06-13 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewSouth Africa's top political party has proposed a social safety net that's been called the first national universal basic income (UBI) program. The African National Congress, led by Nelson Mandela in the 1990s, recently outlined its plan to expand South Africa's Social Relief of Distress program. AdvertisementCleo Goodman, the basic income lead at think tank Autonomy, told Business Insider that the ANC's proposal followed years of basic income advocates making their case through "pilots, research and widespread campaigning." Advertisement"Despite the name, this proposal falls far short of a basic income," Karl Widerquist, a philosophy professor at Georgetown University-Qatar and the author of several books about UBI, told BI.

Persons: —, Nelson Mandela, Cleo Goodman, Goodman, Karl Widerquist, Widerquist, Chris McGrath, It's, doesn't Organizations: Service, African National Congress, Social, Business, ANC, Autonomy, Georgetown University, Qatar Locations: Alexander, Johannesburg, South Africa

☆ Miners are selling their bitcoin again as the cryptocurrency struggles to hold onto $70,000
▼ + stars: | 2024-06-13 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

According to data from CryptoQuant, the flow of bitcoin leaving miners wallets for exchanges – which indicates a selling event – reached a two-month high last weekend. Additionally, miner selling through over-the-counter desks saw its biggest daily volume since late March. CryptoQuant shows the hourly transfer of bitcoin from miners to exchanges rose to more than 3,000 bitcoins on June 9. "Daily bitcoin miner revenues stand today at about $35 million, down 55% from their 2024 peak reached in March." That's mostly as a result of "depressed" transaction fees, however, rather than the slashing of miners' block reward at the halving.

Persons: –, Mike Colonnese, Wainwright, we're, Bitcoin, Julio Moreno, Moreno, Colonnese, Iris, Iren, They've Organizations: H.C, Iris Energy Locations: CryptoQuant

☆ The Aftermath of a U.K. Cyberattack: Blood Shortages and Delayed Operations
▼ + stars: | 2024-06-13 | by ( Jenny Gross | ) www.nytimes.com time to read: +1 min

Several London hospitals, still under significant strain more than a week after a cyberattack crippled services, have asked medical students to volunteer to help minimize disruption, as thousands of blood samples have had to be discarded and operations postponed. The ransomware attack on Synnovis, a private firm that analyzes blood tests, has crippled services at two major National Health Service hospital trusts, Guy’s and St. Thomas’ and King’s College, which described the situation as “critical.”According to a memo leaked in recent days, several London hospitals asked medical students to volunteer for 10- to 12-hour shifts. “We urgently need volunteers to step forward and support our pathology services,” said the message, which was reported earlier by the BBC. “The ripple effect of this extremely serious incident is felt across various hospital, community and mental health services in our region.”The attack also disrupted blood transfusions, and the N.H.S. appealed to the public this week for blood donors with O-negative blood types, which can be used in transfusions for any blood type, and O-positive blood types, which is the most frequently occurring blood type, saying it could not match patients’ blood at the same frequency as usual.

Persons: Thomas ’, ” Organizations: National Health Service, King’s College, BBC Locations: London, St

☆ Gen Zers are obsessed with Aritzia's $148 Effortless Pant. Uniqlo's 'work uniforms' are Asia's budget answer to it — at a fraction of the price.
▼ + stars: | 2024-06-13 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +4 min

The pleated, wide-leg pant costs $148 a pop and is offered in a variety of colors, lengths, and materials. So the Effortless Pant may have become 2024's work uniform for young working women in North America. That means that for the price of one Aritzia Effortless Pant, a Uniqlo shopper over in Asia can purchase an entire work outfit. Related storiesIt even used the term "SG uniform" on its Instagram, in a video that is captioned: "Styling the SG Uniform: Our AIRism Cotton Oversized Crew Neck tee is the essential T-shirt redefined." Young office workers in China, for instance, are ditching the work uniform entirely to rebel against low pay and grueling working hours.

Persons: —, Pant, pant, Lyst, Rick Owens, Richard Thompson Ford, Forbes, Zers, Aritzia didn't Organizations: Service, Business, Wall Street Journal, Uniqlo Locations: North America, Asia, Singapore, Stanford, Pant, China

The bank also raised its price target to $160 from $115, suggesting 18% upside from Wednesday's close. — Michelle Fox 7:59 a.m.: KeyBanc raises Netflix price target Netflix's growth isn't going to slow down any time soon, according to KeyBanc Capital Markets. — Pia Singh 7:23 a.m.: Bank America raises price target on Boeing Bank of America is weighing the challenges and opportunities Boeing has to make a turnaround. She kept her $38 price target, which implies shares could drop just slightly from its latest close. — Pia Singh 5:45 a.m.: Jefferies names Microsoft a top pick Microsoft is "going for AI gold," according to Jefferies.

Persons: Jefferies, Christine Cho, — Jesse Pound, Clark, Anna Lizzul, Kimberly, — Michelle Fox, Justin Patterson, Patterson, — Pia Singh, Ronald Epstein, Epstein, Oppenheimer, Ulta, Rupesh Parikh, Parikh, Morgan Stanley downgrades Corning, Corning, Morgan Stanley, Meta Marshall, Marshall, Tom O'Malley, O'Malley, AVGO, JPMorgan's Harlan Sur, Timothy Arcuri, Brent Thill, Fred Imbert Organizations: CNBC, Microsoft, Barclays downgrades NextEra Energy Partners, NextEra Energy Partners, Barclays, Bank of America, Clark Bank of America, KeyBanc, Markets, Netflix, Bank America, Boeing Bank of America, Boeing, Broadcom, VMware, Google, UBS, Jefferies Locations: Kimberly, F2H25

☆ UK GDP flatlines as PM Sunak pins election campaign on economy
▼ + stars: | 2024-06-12 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

LONDON — U.K. economic growth ground to a halt in April, according to flash figures published on Wednesday, stalling the muted rebound from last year's recession mere weeks ahead of a national election. Economists polled by Reuters had expected growth to flatten, after the economy expanded by 0.4% in March. The picture was slightly brighter on a longer timeframe, with gross domestic product up 0.7% in the three months to April. Construction output declined 1.4% in its third straight fall, while production output was down 0.9%. Lindsay James, investment strategist at Quilter Investors, attributed the April slowdown to recent gloomy weather.

Persons: Lindsay James, James Organizations: LONDON, Reuters, Quilter Investors Locations: Rotherhithe, London, United Kingdom

☆ Oracle stock pops 13% on AI demand, new deals with Google and OpenAI
▼ + stars: | 2024-06-12 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +3 min

Oracle shares closed up more than 13% on Wednesday, a day after the software company announced its fourth-quarter results and cloud deals with Microsoft -backed OpenAI and Google . Alongside its results, Oracle said it is partnering with Microsoft and OpenAI to help supply additional computing capacity for the startup. Analysts from Citi said Oracle's sluggish revenue for the fourth quarter was offset by "tremendous RPO bookings growth." UBS analysts said the highlight of Oracle's results is its "extraordinary sequential backlog growth of $18 billion." Morgan Stanley analysts said Oracle's quarter was mixed, but the "near term AI build-out likely wins the day and sustains momentum in shares."

Persons: Larry Ellison, Safra Catz, Oracle, Morgan Stanley, — CNBC's Michael Bloom, Jordan Novet Organizations: Oracle, Microsoft, Google, Analysts, Citi, UBS Locations: San Francisco

☆ Currency market steadies ahead of U.S. inflation test, Fed decision
▼ + stars: | 2024-06-12 | by ( ) www.cnbc.com time to read: +3 min

Economists polled by Reuters expect headline consumer price inflation to ease to 0.1% from 0.3% last month, and core price inflation to remain steady on the month at 0.3%. Powell is likely to strike a relatively dovish tone at the press conference, however, given disappointing growth indicators since the last Fed meeting, Williams said. Japanese wholesale prices rose 2.4% in the year to May, Bank of Japan data showed on Wednesday, beating market forecasts for a 2% increase. The yen held steady at 157.16 per greenback after slipping to its lowest since June 3 at 157.40 the previous day. While Japan's central bank will likely discuss bond buying cuts to pre-empt yen selling pressure, dollar/volatility this week largely depend on Wednesday's U.S. CPI and Fed meeting, he added.

Persons: Jerome Powell's, Kieran Williams, Powell, Williams, Emmanuel Macron's, Sterling, Wei Liang Chang, bitcoin Organizations: U.S, Consumer, Fed, Reuters, Asia FX, InTouch, Bank of Japan, Bank of, DBS, CPI Locations: Czech, U.S, Asia, Bank of Japan

☆ Ukraine's Azov Brigade, a unit with a controversial past, can now use American weapons to fight the Russians
▼ + stars: | 2024-06-12 | by ( Ella Sherman | ) www.businessinsider.com time to read: +3 min

Read previewThe US State Department announced Monday that it has lifted a ban on the Azov Brigade, a former Ukrainian militia group with an ultranationalist history, allowing the current National Guard unit to receive American weapon shipments and training. A State Department spokesperson told BBC on Tuesday that following a vetting of the brigade, there was "no evidence of gross violations of human rights." Related storiesNow known as the Azov Brigade, the unit became part of the Ukrainian National Guard in 2015. AdvertisementThe State Department has dismissed the congressional ban and said the Azov Brigade "passed Leahy vetting," referring to Leahy Law, which prevents the US from supporting foreign entities that have committed major human rights violations. The Azov Brigade has claimed that it has evolved from its problematic past and that its leadership has changed since its inception.

Persons: —, Leahy, Dmytro Kozatski, Ruslan Muzychuk, Vladimir Putin Organizations: Service, US State Department, Azov Brigade, National Guard, State Department, BBC, Business, Azov Battalion, Ukrainian National Guard, Department, Leahy Law, Azov Special Forces Regiment, Ukrainian National Guard Press, Washington Post Locations: Ukrainian, Ukraine, Mariupol, United States

☆ Inflation slows in May, with consumer prices up 3.3% from a year ago
▼ + stars: | 2024-06-12 | by ( Jeff Cox | ) www.cnbc.com time to read: +4 min

The consumer price index showed no increase in May as inflation slightly loosened its stubborn grip on the U.S. economy, the Labor Department reported Wednesday. The monthly rate rose 0.3% in April while the annual rate was 3.3%. Though the top-line inflation numbers were lower for both the all-items and core measures, shelter inflation increased 0.4% on the month and was up 5.4% from a year ago. Housing-related numbers have been a sticking point in the Federal Reserve's inflation battle and make up a heavy share of the CPI weighting. Though the Fed doesn't use the CPI as its main inflation indicator, it still figures into the calculus.

Persons: Dow Jones, Price, Robert Frick, Joseph LaVorgna, FOMC Organizations: department's Bureau of Labor Statistics, Labor Department, Treasury, Dow Jones, Navy Federal Credit Union, Federal Reserve, CPI, Nikko Securities, Commerce Locations: U.S

☆ Databricks tells investors annualized revenue will reach $2.4 billion at midway point of year
▼ + stars: | 2024-06-12 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Ali Ghodsi, co-founder and CEO of Databricks, speaks at a press conference at Databricks' Data and AI Summit in San Francisco on June 12, 2024. Databricks, the data analytics software vendor that's among the most richly valued private U.S. tech companies, told investors on Wednesday that annualized revenue will reach $2.4 billion by the midpoint of this year. In April, security software company Rubrik debuted on the New York Stock Exchange. In March, the company told media outlets outlets that it generated $1.6 billion in revenue for the year ending Jan. 31, up more than 50% year over year. Last week Databricks said it was paying over $1 billion to buy Tabular, a startup whose founders created Iceberg.

Persons: Ali Ghodsi, Dave Conte, I've, Conte, Rubrik, Conte didn't, Databricks, Ghodsi, Snowflake Organizations: Databricks, Summit, New York Stock Exchange, NYSE, CNBC Locations: San Francisco

☆ Wall Street’s facing an economic double-whammy this week
▼ + stars: | 2024-06-11 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

Despite the rare event, it’s unlikely the stock market will swing widely because of the economic two-fer, some investors say. Inflation showed signs of cooling in April after staying worryingly warm during the first quarter of this year. America’s rural hospitals keep getting attacked by cybercriminals. Microsoft said in a statement to CNN that it would provide free security updates for eligible rural hospitals, as well as security assessments and training for hospital staff. Google will provide free cybersecurity advice to rural hospitals and start a pilot program to match the firm’s cybersecurity services with the needs of rural hospitals.

Persons: Powell, ”, Dave Sekera, Alicia Wallace, Sean Lyngaas, Michelle Watson Organizations: CNN Business, Bell, New York CNN, Federal Reserve, CPI, Bank of America, Morningstar, Investors, Traders, Fed, UBS, Federal Reserve Bank of New, The, Consumer, cybercriminals, Microsoft, Google, White, CNN, White House National Security Council Locations: New York, pare, Federal Reserve Bank of New York, York, United States

☆ Nvidia is going on the defensive as the list of contenders grows
▼ + stars: | 2024-06-11 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +5 min

Read previewThere are signs that Nvidia is adopting a defensive posture as competitors try to carve out a piece of the AI computing market it has dominated thus far. What does going on the defensive look like for a company with between 70% and 90% market share? Advertisement"Our sense is that investor expectations still haven't adjusted enough to the impacts the Blackwell launch will have on Nvidia competitors," the analysts wrote. The fast pace of new launches makes meaningful competition even harder to fathom according to Morgan Stanley. Morgan Stanley assessed that Broadcom is poised to gain market share while AMD's fate is less certain.

Persons: —, Morgan Stanley, Jensen, Lisa Su, Blackwell, Huang, Emma Cosgrove Organizations: Service, Nvidia, Microsoft, Meta, Google, Business, Devices, AMD, Taiwan Semiconductor Manufacturing Corp, Broadcom Locations: Santa Clara , California, ecosgrove@businessinsider.com

☆ Apple shares pop to record high after company unveils AI software
▼ + stars: | 2024-06-11 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +2 min

Apple CEO Tim Cook gestures during the annual developer conference event at the company's headquarters in Cupertino, California, U.S., June 10, 2024. Apple shares popped 5% to a new record high of around $203 per share on Tuesday, a day after the company announced its long-awaited push into artificial intelligence at its annual developer conference on Monday. The company pitched the features as AI for the average person, though users will likely need to upgrade their iPhones to access the tools. The company's developer conference came as a welcome sign for investors who have been watching to see how Apple will capitalize on the ongoing AI boom. Analysts from Morgan Stanley said Apple's AI features strongly position the company with "the most differentiated consumer digital agent."

Persons: Tim Cook, Apple, Siri, OpenAI's ChatGPT, Morgan Stanley, iPhones, — CNBC's Michael Bloom Organizations: Apple, Bank of America, Apple Intelligence Locations: Cupertino , California, U.S

☆ 'A unique Nvidia proxy': Morgan Stanley names a global stock as its new top pick
▼ + stars: | 2024-06-11 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Morgan Stanley named a new top pick which it called a "unique Nvidia proxy." "We see Aspeed as a unique NVIDIA-related play, being the sole BMC supplier for GB200 and a key supplier to help realize Omniverse adoption," said Morgan Stanley analysts in a June 7 note. Morgan Stanley said with an average selling price of $100 per chip, it estimates the company could enjoy gross margins of 90%. The positive outlook for cloud capital expenditure is also set to benefit the data center supply chain, according to Morgan Stanley. That expected growth would be a 42-point acceleration from just 2% year-on-year growth in 2023, Morgan Stanley said.

Persons: Morgan Stanley, CNBC's Michael Bloom Organizations: NVIDIA, BMC, GB200, Nvidia, Aspeed, Meta, Microsoft, Google, International, Emerging, China ETF Locations: Taiwan, China

☆ Rachel Maddow Q&A: MSNBC star dishes on the rise of authoritarianism and her worries about becoming a Trump target
▼ + stars: | 2024-06-11 | by ( Oliver Darcy | ) edition.cnn.com time to read: +12 min

What important lesson can we learn from history to help us in this moment? Seeing that in our past should help us expect that and hopefully brace ourselves against it in our own time. You take things case by case, situation by situation, lie by lie. Do you think the news media — as a whole — is adequately covering Trump? I think Americans broadly know that’s happening, but also that they may not necessarily know what to do about it.

Persons: Rachel Maddow, Mary, ” —, Maddow, Donald Trump’s, Isaac, Davy Aronson, Donald Trump, DOJ hasn’t, Kathryn Olmsted’s, Hitler, Charles Coughlin —, there’s, Robert Paxton’s “, ”, Il Mondo, Il, Fox, Rupert Murdoch’s, Trump, he’s, He’s, we’ve, Mike Pence, I’m, it’s, Jay Rosen, “ Organizations: New York CNN, MSNBC, Monday, Electoral College, Republican Party, DOJ, Six, New York Times, TIME, Police, Trump, CNN, Fox News Locations: New York, America, United States, Rome, ”

☆ UK tech bosses urge focus on AI skills and growth in high-stakes election — no matter who wins
▼ + stars: | 2024-06-11 | by ( Ryan Browne | ) www.cnbc.com time to read: +7 min

Pa Images | Getty ImagesLONDON — British technology executives and entrepreneurs want the next government to focus on promoting skills around the development and use of artificial intelligence and growth-oriented fiscal measures. Upskilling in an AI ageOne thing U.K. tech executives are pushing for is fostering innovation in artificial intelligence and cultivating citizens' grasp on AI-centric skills — across multiple generations. Last month, dozens of business executives, entrepreneurs, and investors signed an open letter stating their support for Labour in the upcoming election. Leon Neal | Getty Images News | Getty ImagesSignatories included several influential names in the world of U.K. tech: Wikipedia founder Jimmy Wales, Founders Forum co-founder Jonathan Goodwin, and Atom Bank CEO Mark Mullen. Tech bosses CNBC spoke with found themselves unable to point to specific policies and plans from either of the main political parties.

Persons: Rishi Sunak, Sir Keir Starmer, Keir Starmer, Zahra, Salesforce, Einstein, Astro, Matthew Houlihan, Rachel Reeves, Angela Rayner, Leon Neal, Jimmy Wales, Jonathan Goodwin, Mark Mullen, Sunak, Liz Truss, Jeremy Hunt, Danny Lawson, Rishi Khosla, Khosla Organizations: Conservatives, Labour Party, LONDON, it's, Labour, CNBC, Innovation, Cisco, coy, Centre, Getty, Founders Forum, Atom Bank, BAE Systems, Tech Locations: Downing, Salesforce's, Europe, Purfleet, United Kingdom, Ukraine, British, Barrow, Furness, England

☆ Boeing sales remain stalled
▼ + stars: | 2024-06-11 | by ( Chris Isidore | ) edition.cnn.com time to read: +2 min

New York CNN —Boeing reported another weak month for new plane orders as it struggles to overcome questions about safety and production problems with its commercial jets. The company reported it took orders for only four new jets in May, all for the 787 Dreamliner, and none for the troubled 737 Max. That was down from even the modest orders of seven gross orders in April, and far below the order of 69 jets it reported in May 2023. Orders for Boeing jets have fallen sharply, for the most part, from the strong sales it reported in 2023, including a monthly record for orders in December, due to airlines’ eagerness to expand their capacity to meet increased passenger travel demand. Shares of Boeing, a component of the Dow Jones industrial average, fell more than 3% on the report.

Persons: Max Organizations: New, New York CNN, Boeing, American Airlines, FAA, Alaska Airlines, Dow Locations: New York

☆ Asia markets are mixed ahead of Fed and BOJ decisions this week; Australia and China markets closed
▼ + stars: | 2024-06-10 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Asia-Pacific markets were mixed on Monday after a stronger-than-expected U.S. jobs report on Friday revealed hiring and wage growth picked up in May. This adds to the narrative the Fed doesn't have to rush to lower interest rates. Traders don't expect the Federal Open Market Committee to cut rates at its meeting this week or the next meeting in July. This week in Asia, investors will be looking at Japan's first-quarter gross domestic product numbers on Monday, followed by the Bank of Japan's rate decision on Friday. Separately, China and India's inflation numbers for May will be released on Wednesday.

Organizations: Bank of Japan, Bank of Locations: Tokyo . Asia, Pacific, Asia, China

☆ Nuclear power is 'overblown' as an energy source for data centers, power company CEO says
▼ + stars: | 2024-06-10 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

Rodrigo Garrido | ReutersThe euphoria over nuclear energy as a power source for data centers is "overblown," the CEO of a major power provider for large tech companies told CNBC in an interview Monday. Nuclear power, on the other hand, faces challenges in meeting the growing power demand from data centers, Gluski said. Gluski said the "euphoria" over nuclear power is a "little overblown." There is only so much existing nuclear energy that merchant power providers can re-contract to sites such as data centers, the CEO said. "The Street got ahead of it saying you're not going to build renewables, it's all going be nuclear," Gluski said.

Persons: AES Corporation Andres Gluski, Rodrigo Garrido, Andrés Gluski, Gluski, Georgia Power Organizations: AES Corporation Andres, Reuters, CNBC, AES Corporation, AES, Amazon, Microsoft, Google, Nuclear, Energy Information Administration, Georgia, Department of Energy, Renewables, Brookfield Asset Management, Brookfield Locations: Santiago , Chile, U.S, Georgia

☆ French election shock hits stocks and the euro
▼ + stars: | 2024-06-10 | by ( Anna Cooban | ) edition.cnn.com time to read: +4 min

London CNN —The decision by French President Emmanuel Macron to call a snap election after losing to the far right in a vote for European lawmakers roiled markets and the euro Monday. The first round of the French election is scheduled for June 30, followed by the second round on July 7. Under the French system, parliamentary elections are held to elect the 577 members of the lower house, the National Assembly. Higher yields indicate that investors want a bigger premium to buy French bonds given the political uncertainty. “A right-wing majority in the (French parliament) would hamper any reform plans.

Persons: Emmanuel Macron, Macron, Générale, “, ”, Mike O’Sullivan, whittle, Andrew Kenningham, ” Mohit Kumar Organizations: London CNN, BNP, Credit Agricole, National, National Assembly, CNN, Capital Economics, Jefferies Locations: Paris, Europe, —, France

☆ Top Wall Street analysts are optimistic on the outlook for these 3 stocks
▼ + stars: | 2024-06-09 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +5 min

At the same time, Wall Street analysts continue to focus on picking individual stocks that can thrive even in the face of short-term pressures and deliver attractive, long-term returns. Here are three stocks favored by the Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. Burlington StoresOff-price retailer Burlington Stores (BURL) is this week's first pick. Tarlowe noted that the expansion in Burlington Stores' gross and operating margins helped drive better-than-expected earnings in the first quarter. (See Burlington Stores Stock Charts on TipRanks)AmazonE-commerce and cloud computing company Amazon (AMZN) is also a top pick.

Persons: Jefferies, Corey Tarlowe, BURL, Tarlowe, TipRanks, Ivan Feinseth, there's PagerDuty, Matthew Hedberg, Hedberg Organizations: Burlington Stores Inc, Federal Reserve, Wall Street, Burlington, Burlington Stores, Amazon Web Services, AWS, RBC Capital, Department of Veteran Affairs Locations: Burlington, New York, U.S, Jersey, billings .

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