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In June, 11 women who work together as sanitation laborers in India pooled their money to buy the equivalent of a $3 lottery ticket because they could not afford the cost individually. Last week, they won. The jackpot was $1.2 million, or more than $700,000 after taxes — an enormous sum for workers who spend their days collecting household waste and building public toilets. Lottery drawings are famous feel-good stories because they make people rich overnight, but these winners may be among the most deserving in history. “I’m swimming in debt, so this money will be a big relief,” said one of the winners, Leela K., 50, a mother of four daughters.

Persons: ”, Leela K, “ Locations: India

A powerful tropical cyclone was approaching islands in southern Japan on Tuesday, days after another one slammed into mainland China and the Philippines and left dozens of people dead or injured across the region. The new storm, Typhoon Khanun, was less than 200 miles southeast of a major United States military base in southern Japan’s Okinawa Prefecture on Tuesday, according to the United States military’s Joint Typhoon Warning Center in Hawaii. (Tropical cyclones are called hurricanes in the Atlantic and typhoons in the northwestern Pacific.) Japan’s official forecast showed the storm heading northwest toward mainland China later in the week. But the meteorological authorities in China said that it might turn further north and head for Japan’s major islands instead.

Persons: Khanun Organizations: United Locations: Japan, China, Philippines, United States, Japan’s Okinawa Prefecture, Hawaii, Atlantic, Pacific

☆ Apple, Microsoft remain world's top 2 companies by market cap
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Mike Segar/File PhotoAug 1 (Reuters) - Tech giants Apple (AAPL.O) and Microsoft (MSFT.O) remained the top two global companies by market capitalisation at the end of July after riding this year's rally in technology shares. Strong quarterly earnings from companies such as Alphabet (GOOGL.O), Meta Platforms (META.O), chipmaker Intel (INTC.O) and chip equipment maker Lam Research (LRCX.O) lifted overall market sentiment last month. Facebook-owner Meta's market cap jumped more than 10% in July, thanks to the company's rosy revenue forecast and robust ad revenue growth in the second quarter. Its market cap stood at $2.49 trillion at the end of July. Refinitiv data shows 69% of large- and mid-cap U.S. companies have surpassed analysts' Q2 earnings estimates so far, with the tech sector accounting for 82% of these positive surprises.

Persons: Mike Segar, Rush, Dan Ives, JP Morgan Chase's, Patturaja Murugaboopathy, Gaurav Dogra, Susan Fenton Organizations: Apple, Grand Central, REUTERS, Tech, Microsoft, Intel, Lam Research, Facebook, Reuters Graphics Microsoft, Wall, First Republic Bank, Thomson Locations: New York City, U.S, Bengaluru

☆ Palantir stock up 10% as company rides A.I. craze
▼ + stars: | 2023-07-31 | by ( Ashley Capoot | ) www.cnbc.com time to read: +3 min

Palantir, a data analytics company best known for its work with the U.S. government's defense and intelligence agencies, offers a number of AI-powered services for organizations across public and private sectors. Shares of Palantir popped 10% Monday as the company continues to capitalize on investors' hopes for its artificial intelligence software ahead of its earnings report next week. In an interview with CNBC's "The Exchange" Friday, Dan Ives, managing director of equity research at Wedbush Securities, described Palantir as "the [Lionel] Messi of AI," referencing the pro soccer player. Ives said there is a "golden path" for the company to monetize, adding in a note that Palantir has built "an AI fortress that is unmatched." "This is an arms race of a different kind, and it has begun," Karp wrote.

Persons: Alex Karp, CNBC's, Dan Ives, Lionel, Messi, Ives, Palantir, Karp, William Blair, SPACs Organizations: Palantir Technologies Inc, P Global, U.S, Wedbush Securities, New York Times, Palantir Locations: Houston , Texas, A.I, U.S

☆ Billionaire CEO of military technology supplier Palantir advocates for AI weapons: 'We must not grow complacent'
▼ + stars: | 2023-07-31 | by ( Will Gendron | ) www.businessinsider.com time to read: +4 min

Alex Karp, the billionaire CEO of Palantir, took to The New York Times to advocate for the development of AI weapons. Palantir has interest in the matter, as it is a major supplier of technology to the military. In March, a number of tech and business executives — Elon Musk and Steve Wozniak, included — signed an open letter calling for a pause on advanced AI development as the launch of OpenAI's GPT-4 sent shockwaves through the industry. But Alex Karp, Palantir's billionaire CEO, says these fears are secondary to the benefits of AI, particularly when it comes to using the technology to protect the United States through military applications. He said the current debate was similar to the "Oppenheimer moment," likening the development of AI to that of nuclear devices.

Persons: Alex Karp, Palantir, — Elon Musk, Steve Wozniak, —, Karp, Biden, Yann LeCun, Bill Gates, Marc Andreessen, Gates, Andreessen, " Karp, Dan Ives Organizations: The New York Times, Morning, New York Times, Google, Times, Wedbush Securities Locations: United States, Amazon, China, States, Palantir's

☆ Wedbush's Dan Ives lays out his expectations for tech earnings this week
▼ + stars: | 2023-07-31 | 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 EmailWedbush's Dan Ives lays out his expectations for tech earnings this weekDan Ives, Managing Director of Equity Research at Wedbush Securities, discusses his expectations for Apple and Amazon earnings.

Persons: Dan Ives Organizations: Equity Research, Wedbush Securities, Apple

☆ A key test for EV sales and the adoption curve is coming
▼ + stars: | 2023-07-30 | by ( Tim Mullaney | ) www.cnbc.com time to read: +10 min

The company says it will reach 400,000 cumulative units of EV production by early 2024 and that its EV business will reach profitability by 2025. "They have dozens of EV models over the next two to three years. watch nowAmong analysts who believe the stock is due for a bigger drop, expected EV sales disappointment is among the factors. But GM's EV plans come as Ford announced it is slowing down its plans to expand EV production to a 600,000 annual rate. "This will be the first year U.S. EV sales reach 1 million," Downey said.

Persons: Scott Mlyn, Brian Downey, Autotrader, Ford, Dan Ives, It's, they'll, Morgan Stanley, Adam Jonas, Mary Barra, Adam Jones, Colin Langan, Garrett Nelson, Chad Lyons, Lyons, Katie Minter, Rebecca Cook, Reuters Paul Jacobson, Jacobson, Ives, Downey, Tesla, Barra, they're, they've, Cox, Goodcarbadcar.net . Ford Organizations: Silverado, New York Auto Show, CNBC, General Motors, Cox Automotive, Kia, Porsche, Hyundai, Chevrolet Silverado, Wedbush Securities, Investors, GM, United Auto Workers union, Wall Street, Deutsche Bank, GMC Hummer EV, Chevy Silverado, GMC Sierra EV, Chevy Blazer, GMC, Blazers, Jaguar, Audi, North American, Reuters, EV, Cox, Ford's, Ford, Goodcarbadcar.net, Volkswagen, BMW – Locations: Detroit, Detroit , Michigan, U.S

☆ Wedbush's Dan Ives explains why Palantir is the 'Messi of A.I.'
▼ + stars: | 2023-07-28 | 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 EmailWedbush's Dan Ives explains why Palantir is the 'Messi of A.I.' Dan Ives, managing director of equity research at Wedbush Securities, and CNBC's Steve Kovach join 'The Exchange' to discuss Palantir's path to monetizing AI, the use cases for AI in the battlefield, and Palantir expanding from government to commercial with AI.

Persons: Dan Ives, Palantir, Messi, A.I, Steve Kovach Organizations: Wedbush Securities

☆ Palantir has built an 'AI fortress that is unmatched' and the stock is set to soar 54% as new industrial revolution begins, Wedbush says
▼ + stars: | 2023-07-28 | by ( Max Adams | ) www.businessinsider.com time to read: +3 min

Palantir stock is headed to $25 a share as the company builds an AI "fortress," Wedbush said. The company will be a major player in the AI boom in the next decade, the firm said. "As we begin the 4th Industrial Revolution, Palantir is engaging in the widespread trend of various industries leveraging recent generative AI innovations to streamline operations and improve expense profiles," the Wedbush analysts wrote. "This is early innings on a sum-of-the-parts AI story just on the cusp on monetizing this massive green field AI opportunity," it predicted. Palantir CEO Alex Karp has been a vocal proponent of the rapid development of AI even in the face of risks associated with the technology.

Persons: Wedbush, Wedbush's Dan Ives, Palantir, Messi, Ives, Lionel Messi, Alex Karp Organizations: Service, Wedbush Securities, New York Times Locations: Wall, Silicon, Tel, Argentine

☆ Lessons from earnings season: 2Q was the bottom and the rest of year is looking strong
▼ + stars: | 2023-07-28 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

Earnings at the half: Second quarter is the trough quarter, and the second half looks strong. At the halfway point for second quarter earnings, the feared recession and earnings apocalypse has faded away as the soft landing is now consensus. The second quarter is the bottom for earnings The second quarter is expected to see earnings decline 6.8% from a year ago, according to Refinitiv. About 80% of the companies are beating earnings estimates, slightly higher than the historic average. Investors are always asking: is the earnings trend up, down, or sideways?

Persons: Tajinder Dhillon, Dhillon, Dan Ives, Clark Organizations: Merck, Investors, Refinitiv, Big Tech, Dow, MMM, Kimberly, Whirlpool Locations: Wedbush, 2H23

☆ Big Tech earnings are sending the bears into hibernation mode, says Dan Ives
▼ + stars: | 2023-07-26 | 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 EmailBig Tech earnings are sending the bears into hibernation mode, says Dan IvesDan Ives, Wedbush managing director, joins 'Last Call' to talk Big Tech earnings and why he views them as a big win for the sector as a whole.

Persons: Dan Ives Dan Ives, Wedbush Organizations: Big Tech

☆ The 'broadening out' rally is real. Here's how to play it
▼ + stars: | 2023-07-25 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

The S & P 500 is up 2.3% this month, but the market really is broadening out , and former market leaders (tech and consumer discretionary) are lagging. You might be surprised to discover that about 60 of the 100 companies in the Nasdaq 100 are not technology companies. The Nasdaq 100 includes Airbnb, Marriott, Costco, GE Healthcare, Ross Stores, and Honeywell. First Trust Nasdaq-100 Ex-Technology ( QQXT ) tracks an equal-weighted index of Nasdaq 100 stocks that excludes technology companies. The ProShares S & P Ex-Technology ETF ( SPXT ) tracks a market-cap-weighted index of U.S. large-cap stocks, excluding firms in the technology sector.

Persons: Banks, Russell, Todd Sohn, Dan Ives, Rush, Ives Organizations: Energy, Dow, Technology, Nasdaq, GE Healthcare, Ross Stores, Honeywell, There's, Trust, Ex, Microsoft, Nvidia, Thrones, Oracle, Apple, IBM, Meta, Adobe Locations: Financials, Marriott, Costco

☆ This is the start of a new tech bull market, says Dan Ives after Big Tech earnings
▼ + stars: | 2023-07-25 | 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 EmailThis is the start of a new tech bull market, says Dan Ives after Big Tech earningsDan Ives, Wedbush and Matt McIlwain, Madrona Venture Group managing director, join 'Closing Bell Overtime' to talk Microsoft and Google quarterly earnings reports.

Persons: Dan Ives, Wedbush, Matt McIlwain Organizations: Big Tech, Madrona Venture Group, Microsoft

☆ Google points to many ways it can win in A.I. even as online ad market shows cracks
▼ + stars: | 2023-07-25 | by ( Jennifer Elias | ) www.cnbc.com time to read: +4 min

Google's revenue rose 7% to $74.6 billion from $69.7 billion in the year-earlier period, topping analysts' estimates. Google's ad revenue only increased 3.3% from a year earlier, but that's an improvement from the first quarter, when ad revenue fell. Search revenue, which makes up the majority of Google's ad business, also saw steady growth. AI companies are flocking to Google's cloud technology so they can run the compute-heavy projects that are only available in a few places. Google's cloud business, which turned profitable in the first quarter, saw revenue increase 28% in the second quarter to $8 billion, topping analysts' estimates.

Persons: Snap's, Michael Nathanson, Moffett Nathanson, Bing, Sundar Pichai, Pichai, we'd, Dan Ives Organizations: Microsoft, Google, Amazon Web Services Locations: OpenAI

☆ Tesla tanks despite second-quarter earnings beat. Here's how to play the stock
▼ + stars: | 2023-07-20 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla tanks despite second-quarter earnings beat. Here's how to play the stockJim Cramer, Dan Ives of Wedbush Securities and Toni Sacconaghi of Bernstein discussed Tesla after shares fell despite reporting their best-ever quarterly revenue and a 2Q earnings beat.

Persons: Jim Cramer, Dan Ives, Toni Sacconaghi, Bernstein, Tesla Organizations: Wedbush Securities

☆ Sacrificing prices for demand paid off for Tesla, says Wedbush Securities' Dan Ives
▼ + stars: | 2023-07-20 | 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 EmailSacrificing prices for demand paid off for Tesla, says Wedbush Securities' Dan IvesDan Ives, Wedbush Securities analyst, joins 'Squawk on the Street' to discuss his decision to raise the price target on Tesla, the company's full self-driving aspirations, and more.

Persons: Dan Ives Dan Ives Organizations: Wedbush Securities, Tesla

☆ 'Margins, margins, margins': Here's what Wall Street is looking for in Tesla's 2nd-quarter earnings
▼ + stars: | 2023-07-19 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Wall Street is laser focused on the company's profit margins after the company cut prices for its vehicles. Here's what Wall Street expects from the EV maker's upcoming earnings report. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. "Margins, margins, margins," Wedbush analyst Dan Ives wrote in a Monday note. Ultimately, Tesla's price cuts have clear implications for the company's long-term earnings power, and therefore the price of its stock.

Persons: Tesla, Dan Ives, Ives, Ryan Brinkman, " Brinkman Organizations: EV, Service, Wall Street, Ford, General Motors, Tesla, Yahoo Finance, JPMorgan, Bloomberg Locations: Wall, Silicon

☆ Our Favorite Magical Creatures Live at Ghibli Park, So We Had to Go
▼ + stars: | 2023-07-19 | by ( Mike Ives | More About Mike Ives | ) www.nytimes.com time to read: +1 min

Toe-toe-row!” B said, standing inside the tree, with the same intonation as the movie’s rousing, marching-band-style theme song. Notably, it was forbidden to put children on Totoro’s plush tummy, or to allow them to play inside the cat bus zone for longer than three minutes — even if the zone was not crowded, which it wasn’t. The staff members were friendly, but their rules made little sense for kids as small as ours. I wondered if that was another sign that Ghibli Park was still a bit rough around the edges. We grudgingly agreed to the no-tummy policy, but B wished to play nowhere else but inside the cat bus.

Persons: ”, Children’s, Miyazaki Organizations: Disney

☆ An Anxious Thailand Awaits a New Leader: Here’s What to Know
▼ + stars: | 2023-07-19 | by ( Mike Ives | More About Mike Ives | ) www.nytimes.com time to read: 1 min

The Move Forward Party, led by Pita Limjaroenrat, 42, is pushing for change in Thailand, and won the most votes in the May general election. But Mr. Pita cannot form a government unless he is elected prime minister by the Thai Parliament. He lost a previous vote last week. If the Parliament again fails to elect a leader by the end of Wednesday, a third vote could be held as soon as Thursday. A protest was planned for Wednesday evening, and some demonstrators wearing his party’s signature orange had already gathered outside the Parliament building by the afternoon.

Persons: , Pita Limjaroenrat, Pita, Pita’s Organizations: Party Locations: Thailand, Thai Parliament

☆ Tesla price cuts were 'smart, strategic poker move' toward growth, says Dan Ives
▼ + stars: | 2023-07-19 | 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 EmailTesla price cuts were 'smart, strategic poker move' toward growth, says Dan IvesDan Ives, Wedbush analyst, joins 'Closing Bell' to discuss Tesla ahead of the EV maker reporting earnings after the bell.

Persons: Dan Ives Dan Ives

☆ Even the CEO of a top AI startup thinks that AI will 'be the biggest bubble of all time'
▼ + stars: | 2023-07-19 | by ( Gabriel Rivera | ) www.businessinsider.com time to read: +3 min

Stability AI founder Emad Mostaque Courtesy of Stability AIThe CEO of one of the biggest AI startups warned that AI will "be the biggest bubble of all time." Emad Mostaque, the cofounder of Stability AI, compared the hype around the technology to the dot-com bubble, CNBC reported. Stability AI CEO Emad Mostaque told UBS analysts that he thinks AI will "be the biggest bubble of all time," CNBC reported. "I call it the 'dot AI' bubble, and it hasn't even started yet," the cofounder of the generative AI startup said on the call, according to CNBC. And in May, Wharton finance professor Jeremy Siegel was careful not to prognosticate about the future of AI companies.

Persons: Emad Mostaque, hasn't, Mostaque, Sam Altman, James Penny, Michael Hartnett, Dan Ives, Wharton, Jeremy Siegel Organizations: CNBC, Investment, Service, UBS, Investors, Bank of America Global Research, Federal Reserve, Wedbush Securities Locations: Wall, Silicon, Pitchbook, Silicon Valley

After winning the general election in May, the progressive Move Forward party in Thailand promised to introduce bold democratic reforms in the Southeast Asian nation. Now, as Parliament gathers on Wednesday to vote for prime minister for a second time in less than a week, the fragile coalition that Move Forward has cobbled together is on the verge of falling apart. “Thailand is not ready to change,” said Pongkwan Sawasdipakdi, a political scientist at Thammasat University in Bangkok. “People in the establishment are not going to let change happen.”Opposition parties tend to come and go in Thailand. Each time, they face rough headwinds brought on by the military-appointed Senate and royalist allies that form the bedrock of the country’s conservative political establishment.

Persons: ”, Pongkwan Sawasdipakdi Organizations: Thammasat University Locations: Thailand, Bangkok, “

☆ Microsoft adds $154 billion in market value after it announces $30 per month AI subscription
▼ + stars: | 2023-07-18 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Microsoft stock surged as much as 6% on Tuesday after the company unveiled an AI subscription for its Office 365 platform. The software giant will charge $30 per month per user to have AI capabilities integrated into its Microsoft Office platform. At its peak on Tuesday, Microsoft added $154 billion to its market value, which is bigger than Morgan Stanley. Investors cheered the move and the company's apparent pricing power, with Microsoft stock adding as much as $154 billion to its market valuation at its peak on Tuesday. Microsoft stock hit a record high of $366.78 in Tuesday trades and was on track to close at its highest level ever.

Persons: Morgan Stanley, Yusuf Mehdi, Dan Ives, Ives Organizations: Microsoft, Service, Intel, Honeywell, Bing Locations: Wall, Silicon, Copilot, OpenAI

Powerful monsoon rains swept across South Korea, burying homes, knocking down trees, canceling flights and trains, and cutting power to thousands of residents, officials said on Saturday. The downpour caused flooding and landslides in the country’s central region, leaving at least 22 people dead and 14 others missing as of Saturday evening, the Interior Ministry said, adding that the rainfall was expected to intensify in the coming days. Heavy monsoon rains are typical in South Korea in the summer, and its mountainous topography makes it susceptible to landslides. But the number of casualties reported on Saturday was unusual. “The death toll is surprisingly high,” Cheong Tae Sung, an expert in flooding with South Korea’s National Disaster Management Research Institute, said in an interview, adding that there were a couple of possible reasons for this.

Persons: Cheong Tae Sung Organizations: Interior Ministry, Disaster Management Research Institute Locations: South Korea

☆ It's a black eye for the FTC, says Wedbush's Dan Ives on FTC losing bid to pause Microsoft deal
▼ + stars: | 2023-07-14 | 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 EmailIt's a black eye for the FTC, says Wedbush's Dan Ives on FTC losing bid to pause Microsoft dealWedbush's Dan Ives joins 'Last Call' to his take on the FTC losing its bid the pause the Microsoft-Activision merger.

Persons: Wedbush's Dan Ives Organizations: FTC, Microsoft, Activision

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