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Has the time arrived for the stock to break free from a range heading into earnings next week? There has been much hype around this emerging Swiss company that grew revenues by 68% in 2022, 46% in 2023, and are expected to grow revenues by more than 25% in 2024 and 2025. Technically speaking ,that range of overhead resistance for On Holding (ONON) is easy to see on the weekly chart below. There was weekly downtrend line resistance originating from the 2022 high that was broken in Q1 '24. On earnings ahead Heading into earnings, I think it's wise to refer back to Q4 of 2023 earnings announced on March 12.
Persons: Shoemaker, I've, CROX, Todd Gordon, Gordon, ONON Organizations: Nike, Air, swiss, Inside Edge, Edge Capita Locations: Swiss, U.S, SKX
Many AI adult influencers have turned to OnlyFans competitor Fanvue to monetize their content. MySentient has been investing in creating "sentient" AI chatbots based on people that range from adult creators like Amouranth to Jesus. Elaina St James has used different AI tools to generate images of herself in different contexts and outfits. To create these characters, they use a variety of AI tools, including Unstable Diffusion, an AI image generator that focuses on NSFW content. Others see the power of AI but also the issues it could create for the adult industry as a whole.
Persons: Riley Reid, Ana Levy, Isla Moon, Jada Sparks, Fanvue, it's, OnlyFans, Fortune, Riley Reid's Clona, immortalize, Riley, MySentient, Amouranth, Jesus, Reese Leysen, Leysen, We've, Robert Weiss, that's, she'd, James, Elaina, James Level, , Eva AI, MyClub.ai, Eva, MyClub, Jessica Moore, Elaina St James, St James, Zoe Fox, Aika Kittie, Margot Robbie, Influencer Sophie Annaston, she's, Sophie Annaston, who's, It's, Charles Lyle Organizations: Business, MyClub, AVN, Media Locations: Philippines, India, Pakistan, Canada, Spanish, Fanvue, Lipa
Uses Electricity They’re delivering solar power after dark in California and helping to stabilize grids in other states. Peak demand average daily generation, by fuel type Peak demand 25k 25k megawatts megawatts Imports 20k 20k 15k 15k Gas Solar power Batteries Solar power 10k 10k Wind 5k 5k Hydro Nuclear 0 0 12a.m. Peak demand average daily generation, by fuel type Peak demand 25k 25k megawatts megawatts Imports 20k 20k 15k 15k Gas Solar power Batteries Solar power 10k 10k Wind 5k 5k Hydro Nuclear 0 0 12a.m. Ga. Ga. Texas Texas La. By The New York TimesMost grid batteries use lithium-ion technology, similar to batteries in smartphones or electric cars.
Persons: , , Helen Kou, Conn ., Mo ., R.I, Conn . Conn ., . Kan ., , Andrés Gluski, Mike Blake, John Phipps, Phipps, Stephanie Smith, Aaron Mitchell, Natalie McIntire, Tamir Kalifa, Emma Konet, Max Kanter, BloombergNEF, you’ve, Meredith Fowlie, Nate Blair, “ We’re, Ross D Organizations: Hydro Nuclear, Hydro, The New York Times, , United States U.S, Conn . Pa . Iowa Neb, N.J . Ohio Nev, Del . Utah Ill, Texas, Fla ., Vt, Wis ., Wis . Idaho Idaho S.D, Pa . Iowa Iowa Neb, Neb . N.J . N.J . Ohio Ohio Nev, Del . Utah Utah Ill, . Energy, AES Corporation, Reuters, California, Georgia Power, Natural Resources Defense Council, Nationwide, The New York Times Grid, University of California, National Renewable Energy Laboratory, Franklin, Associated Locations: California, The New York Times California, China, Texas , California, Arizona, Wash . Maine, Minn, Ore, N.H, N.Y, Mass, Wis . Idaho S.D, Mich, Wyo, R.I, Conn, Conn . Pa . Iowa, N.J . Ohio, Del . Utah, Calif, Md, Colo, W.Va . Va, Mo, Mo . Kan, Ky, N.C, Tenn, Ariz, ., S.C . California, Ala, Miss ., Fla, Alaska Texas, Hawaii, Wash . Maine Maine Mont, Mont, Vt, Wis, Wis . Idaho Idaho, S.D . Mich, Conn . Conn, Conn . Conn . Pa, Pa . Iowa, Neb . N.J . N.J . Ohio, Nev . Ind, Ind, Del, W.Va, W.Va . Va . Va, . Kan . Kan, S.C . Ala . Ala . Miss, . Texas Texas, La, Fla . Alaska Alaska Hawaii Hawaii California, Texas, Menifee, . California, ” In Texas, Fort Worth, West Texas, Georgia, Sweetwater , Texas, Tierra, Berkeley, Sacramento
Consumers, particularly those in China, have been tightening their purse strings and cutting their spending on luxury goods in light of macroeconomic uncertainties. But Barclays notes that several companies in the sector make good plays right now. LVMH Barclays is bullish on French label LVMH and raised its target price by nearly 13.6% to 937 euros ($1,009.18). "We remain confident that Moncler will deliver above-market growth for the rest of 2024," the analysts wrote. Barclays' target price on the stock is 168 Swiss francs ($182.62), which gives it around 28.2% potential upside.
Persons: Christian Dior, Louis Vuitton, Dior, Tiffany, Moncler Organizations: Barclays, Tiffany, Vogue, Richemont Locations: China, Europe, Sephora, Switzerland
Calling AI profound, Buffet said that the technology is like a "genie" — once it gets let out of the bottle, it could have disastrous effects. It's a question, he said, that has riddled the best economists for a century. Warren Buffett is the first to admit he doesn't know much about artificial intelligence. This rebound has led to questions from corporate executives about factors that could be at play, from AI to return-to-office mandates. "Every company is looking at AI and deciding where it will help them," he said during a recent interview on CNBC's "Money Movers."
Persons: Buffett, Buffet, Warren Buffett, it's, couldn't, John Maynard Keynes, Keynes, Gary Cohn, Cohn, Dev Ittycheria, Elon Musk, Mark Zuckerberg, Sam Altman, Robert Solow, Berkshire Hathaway Organizations: Apple, Berkshire Hathaway, Berkshire, IBM, National Economic, CNBC, Nvidia, McKinsey, Harvard Business Locations: Omaha, Berkshire
I think it makes sense to trim a little and so that's what we've done across our portfolios," he said. Also, corporate tax rates might go up as the reduction from 2017 is set to expire, Gerstner said. "We started the year expecting six rate cuts. Now we're down to maybe zero rate cuts," he said. "We want to be in the names like Nvidia that are reaccelerating, in the names like Amazon and Google and Microsoft and Snowflake that we believe are reaccelerating.
Persons: Brad Gerstner, Gerstner, you've, they're, That's, Stanley Druckenmiller, We've Organizations: Meta, Microsoft, Nvidia, Federal Reserve, Harvard Business School, Google
Nvidia stock still has 22% upside, even after its near-doubling this year, according to Goldman Sachs. According to Goldman, Nvidia stock still trades at a relatively attractive valuation compared to its peers given how quickly it is growing and how durable those growth trends look in the coming years. Goldman SachsThose investments should power continued revenue and profit growth at Nvidia, especially with its next-generation Blackwell AI chip set to be released later this year. "Notable intra-quarter data points that support the view that AI spending is likely to continue beyond 2024 include" commentary from tech-focused companies, Hari said. Super Micro Computer reported strong revenue growth and a record backlog driven by elevated demand for AI servers.
Persons: Goldman Sachs, Goldman, , Toshiya Hari, Hari, TSMC Organizations: Nvidia, Service, Blackwell, AMD, Micro Computer
Elizabeth Holmes shaves more time off her sentence
  + stars: | 2024-05-07 | by ( Jordan Valinsky | ) edition.cnn.com   time to read: +2 min
New York CNN —Disgraced former Theranos CEO Elizabeth Holmes could be out of prison several months earlier than expected, according to the projected release date posted by the Bureau of Prisons. The Bureau of Prisons’ online database currently shows that Holmes’ expected release date from a Texas prison is August 16, 2032 — a slight reduction from her previous release date of December 29, 2032. It’s her second reduction in less than a year: She previously had her 11-year-and-three-month sentence by about two years last July. These factors that go into calculating an estimated release date are not unique to Holmes’ case, but standard for inmates, a bureau spokesman previously told CNN. Holmes is currently serving out her sentence at Federal Prison Camp Bryan, a minimum security federal prison camp that is approximately 100 miles from Houston.
Persons: New York CNN —, Elizabeth Holmes, Holmes, It’s, Prisons didn’t, Theranos, , Catherine Thorbecke Organizations: New, New York CNN, Bureau of Prisons, Prisons, CNN, Federal Prison, Street Locations: New York, Texas, Houston, Silicon Valley
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBig Tech's Alex Kantrowitz on the senate bill seeking to regulate big tech companiesAlex Kantrowitz, Big Tech founder, joins 'Power Lunch' to discuss the senate's bill hoping to regulate big tech companies and what it could mean for them moving forward.
Persons: Alex Kantrowitz Organizations: Big Tech
Hims & Hers Health — The stock surged 14% after the telehealth consultation platform posted second-quarter revenue guidance that topped estimates. Hims & Hers Health anticipates revenue in the range between $292 million and $297 million, better than the LSEG consensus consensus estimate of $288 million. Gap — Shares gained 3.2% after Citi upgraded the apparel retailer to buy from neutral and raised its price target, saying Gap could surpass first-quarter earnings expectations. In the first quarter, the aerospace manufacturer posted revenue of $92.8 million, below the StreetAccount consensus estimate of $95 million. Simon Property Group — Shares rose 0.7% after Simon Property Group posted first-quarter revenue that beat expectations.
Persons: Walt Disney, Palantir, Lucid, Microship, — CNBC's Michelle Fox, Alex Harring, Tanaya Macheel Organizations: Walt Disney Company, Citi, UBS, LSEG, Revenue, Simon Property
Other opportunities for investors to participate in spinoffs will be coming soon. If a company spins off a company in a different sector, the new stock tends to outperform because it's likely undervalued. Winners and upcoming beneficiaries Roth MKM also recently highlighted spinoff stocks' outperformance over the past year. GE Vernova is one of its current favorite spinoff stocks — which the company said to "buy buy buy." Industrial company Esab , a Swedish-American company that makes welding and cutting equipment, is another spinoff beneficiary, according to Roth MKM.
Persons: Morgan Stanley, Todd Castagno, Wolfe, Roth MKM, Roth, Esab, Sylvamo, JC O'Hara, Baxter, Edwards Lifesciences, Edwards, — CNBC's Michael Bloom Organizations: General Electric, GE Vernova, Wolfe Research, Baxter International, Unilever Locations: Swedish, American, Enovis, Memphis, Latin America, Veralto
When you're writing your resume, you'll want to highlight your most relevant accomplishments to the role you're applying for. These will help prove to the employer that you have what it takes to succeed on the job. Then, "you need to think through your Rolodex of accomplishments" and pick out the most relevant ones, says Fackrell. 'Keep a running list of accomplishments'Fackrell recommends keeping "a running list of accomplishments" so you never forget how you've been able to contribute to your teams. "If you just want to have a list of accomplishments and then create your resume from that, I think that's great."
Persons: Stefanie Fackrell, who's, Fackrell, you've Organizations: Google, Nvidia
Entry-level jobs are typically thought of as positions requiring little to no prior experience or skills. But it's a longstanding gripe among job seekers on social media that job listings' requirements are more ambitious. "Companies listing 'Masters preferred' for entry level office positions," posted another. In a 2022 report from McKinsey & Company, the second-most-cited barrier to employment was a lack of experience, relevant skills, credentials or education. Less than 61% of human resources leaders said in 2023 that they are hiring for entry-level and less-specialized positions, down from 79% in 2022, according to a PwC survey.
Persons: Julia Pollak Organizations: Finance, Treasury Department, McKinsey & Company Locations: TestGorilla
Jeff Bezos and Lauren Sánchez attended their first Met Gala together. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementJeff Bezos and Lauren Sánchez attended their first Met Gala together on Monday. AdvertisementThe Met Gala brings together the rich and famous. Individual tickets to this year's event cost $75,000, and the price of booking a table started at $350,000, Time reported.
Persons: Jeff Bezos, Lauren Sánchez, Sánchez, Oscar, la, , It's, Anna Wintour Organizations: Service, Vogue, White House, Metropolitan Museum Locations: Coachella
Apple has been developing chips to run artificial intelligence software in data centers, the Wall Street Journal reported Tuesday. Project ACDC (Apple Chips in Data Center), which has been in the works for several years, has no clear timeline, WSJ reported, citing people familiar with the matter. WSJ said Apple's server chip will likely be focused on AI inference, rather than on training AI models — an area which experts have said will continue to be dominated by American chip giant Nvidia. In AI, inference is the process that trained machine learning models use to draw conclusions from brand-new data. Other large tech companies, such as Google, have invested in the development of their own AI inference server chips as part of efforts to untether themselves from chip designers.
Organizations: Apple, Wall Street, Data, Taiwan Semiconductor Manufacturing, Nvidia, Google Locations: American
Startup Havelar built Portugal's first 3D printed home using COBOD's popular printing system. The Portugal-based startup says it can build faster and cheaper than conventional construction. AdvertisementIf companies like Portugal-based Havelar have their way, the future of affordable housing will look like perfectly stacked strands of spaghetti (as in, they'd be 3D printed). Printing-construction startup Havelar says it can build a new home in less than two months while pricing it significantly below market, all with the help of a robotic construction printer. It may sound like an impossible claim, but its latest project — and Portugal's first 3D printed home — has made its case.
Persons: Organizations: Service Locations: Portugal
Reddit shares rallied 14% in extended trading on Tuesday after the company released quarterly results for the first time since its IPO in March. That may not compare with the $8.71 loss expected by LSEG$8.19 loss per share. That may not compare with the $8.71 loss expected by LSEG Revenue: $243 million vs. $212.8 million expected by LSEGRevenue climbed 48% from $163.7 million a year earlier. For the second quarter, Reddit expects revenue of $240 million to $255 million, topping the $224 million expected by analysts, according to LSEG. The company reported 82.7 million daily active users for its first quarter, up from the 76.6 million expected by StreetAccount.
Persons: Steve Huffman, Snoo, Reddit, Here's, Meta, Alexis Ohanian, Huffman Organizations: New York Stock Exchange, LSEG, LSEG Revenue, Digital, Amazon, Google, StreetAccount Locations: New York
Despite lower price tags, Chinese EVs often have more powerful batteries and more advanced technology. The competition among hundreds of Chinese EV makers has spurred rapid innovation. Even Tesla CEO Elon Musk, who made a surprise visit to Beijing last week, has said that without trade barriers Chinese EV makers would "demolish" their competitors. Chinese EVs tend to be smaller, cheaper and more accessible to the masses — BYD's Seagull, a small all-electric hatchback, starts at less than $10,000. It would take time to set up a sales and distribution network, Fields said, and Chinese EV makers could face a perception issue among American consumers.
Persons: They're, Stella Li, America's Tesla, Tesla, BYD, Mark Fields, Elon Musk, Musk, Fields, they've, Li, Biden, Musk's, That's Organizations: Alliance for American Manufacturing, U.S, BYD, NBC News, Western, Communist Party, Ford, International Energy Agency, Western automakers, United States, Lawmakers, World Trade Organization, European, Rhodium Group, EV, China Association of Automobile Manufacturers Locations: China, EVs, U.S, BYD Americas, BYD, Shenzhen, United States, Beijing, Europe, United, Union, Chinese, Mexico, South Korea, Japan
But now that extra spending money is gone, economists are concerned about what comes next. That means many Americans have more debt than savings and suggests “that American households fully spent their pandemic-era savings as of March 2024,” they wrote in a recent report. Consumer spending plays a crucial role in driving economic growth in the United States, and it has shown remarkable strength over the past two years. “A continuing strong labor market could help consumers maintain spending patterns similar to those observed recently, even without pandemic-era savings,” they wrote. What comes next: Disney, Airbnb, Uber, Anheuser-Busch, Tapestry and Dillards all report later this week — investors will look for any comments about how consumer spending, or lack thereof, is altering revenue forecasts for 2024.
Persons: Hamza Abdelrahman, Luiz Edgard Oliveira, , Austan Goolsbee, ’ ”, Fitch, Sarah Wyeth, Chris Kempczinski, Abdelrahman, Airbnb, Warren Buffett, Berkshire Hathaway, Greg Abel, Buffett, , Abel, isn’t, Boeing “, Scott Stocker, Read Organizations: CNN Business, Bell, New York CNN, San Francisco Federal Reserve, Chicago Federal, Society for, , Shoppers, Tyson Foods, , Disney, Anheuser, Busch, Berkshire, International Monetary Fund, Industries, Nvidia, Microsoft, FAA, Boeing, Federal Aviation Administration, CNN Locations: New York, United States, Omaha , Nebraska, Omaha, scamming
Gig work, in particular ride-hailing for companies like Uber and Lyft, is getting more popular. AdvertisementMore and more Americans are taking up gig work for companies like Uber and Lyft — in part because some have fewer options to land high-paying jobs. Additionally, BofA found that people with ride-hailing income earned, on average, more a month than those who did delivery gig work. Vacation rental was the highest-earning gig BofA measured, but this is only accessible to people with a home to rent out. While some young people could value the supplementary income gig work can provide — particularly if they're struggling to pay the bills — others may end up disappointed.
Persons: Uber, , Lyft, BofA, it's, they've, Kate Bahn, X, Gen, they're Organizations: Service, Bank of America, Bank of America Institute, Bureau of Labor Statistics, Institute for Women's, Research, Atlanta Fed, millennials
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewA retirement community in Columbus, Georgia, fired a 78-year-old receptionist because of her age shortly after she was taken to hospital with high blood pressure, a federal agency says. The worker, who had been a receptionist since 2007, was fired in February 2022, the EEOC said in the lawsuit. She was released two days later, the EEOC said, and doctors later told her it was the result of dehydration. AdvertisementThe Age Discrimination in Employment Act forbids age discrimination against people aged 40 or older, including in hiring and termination decisions.
Persons: , BrightSpace, didn't, Brian Hendricks Organizations: Service, Retirement, US, Employment, Commission, Business, Employees, Covenant, CBS News, Bureau of Labor Statistics Locations: Columbus , Georgia, Louisiana
Check out the companies making headlines in midday trading: Walt Disney — The entertainment giant sank 10% after posting fiscal second-quarter results . Walt Disney reported adjusted earnings that beat estimates and posted strong Disney+ subscriber growth but slightly missed revenue estimates. Palantir Technologies topped revenue expectations and posted adjusted earnings that were in line with estimates, but offered disappointing full-year guidance. Rocket Lab — Shares declined nearly 4% after the company posted a revenue miss in the first quarter. In the first quarter, the aerospace manufacturer posted revenue of $92.8 million, below the FactSet consensus estimate of $95 million.
Persons: Walt Disney, Stanley Druckenmiller, Datadog, Amit Agarwal, Tesla, Li, Xpeng, StreetAccount, LSEG ., , Jesse Pound, Brian Evans, Alex Harring, Sarah Min, Hakyung Kim, Tanaya Macheel Organizations: Nvidia, Billionaire, Ferrari, billings, FactSet, Li Auto, Technologies, Palantir Technologies, UBS Group, UBS, CNBC, LSEG, Citi, Simon Property Group, Revenue Locations: Italian, FactSet, U.S
Senate bill holds Big Tech liable
  + stars: | 2024-05-07 | 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 EmailSenate bill holds Big Tech liableCNBC’s Emily Wilkins joins 'Power Lunch' to discuss the senate bill that hopes to put more regulation around big tech companies.
Persons: Emily Wilkins Organizations: Big Tech
CNN —Has your doctor quizzed you about your level of physical activity? If so, you can thank Exercise is Medicine, a global health initiative managed by the American College of Sports Medicine. Created in 2007, the initiative encourages health care providers to assess patients’ physical activity during visits, plus include regular exercise when designing care plans. Health care providers can impact patient health by routinely assessing physical activity at every interaction. EIM now includes Exercise is Medicine on Campus, for example, a program that helps colleges and universities promote and assess physical activity among students, faculty and staff.
Persons: CNN —, Jacob Wackerhausen, Elizabeth Joy, EIM, Joy, it’s, ” Joy, , Amy Campbell, GVSU, Campbell, ” Campbell, There’s, you’ve, “ Rather, Gerren Liles, “ It’s, , Melanie Radzicki McManus Organizations: CNN’s, CNN, American College of Sports Medicine, American, of Lifestyle Medicine, Intermountain, Lore Health, Health, Grand Valley State University, EIM, CARE, Cancer, New Locations: Salt Lake City, Grand, Grand Rapids , Michigan, they’ll, EIM, New York, New York City, Liles
But the chipmaking darling is far from the only artificial intelligence stock that's run too far too fast. Elsewhere, Altimeter's Brad Gerstner eased his stake in the chipmaker and other winning technology stocks, he told CNBC's " Halftime Report ." Nvidia isn't the only AI play vulnerable to profit taking here. Of the group, Micron Technology shares trade at the most significant premium. Over the last year, shares have surged 493% and trade at a 185% premium to their five-year average PE.
Persons: Stanley Druckenmiller, CNBC's, Altimeter's Brad Gerstner, Druckenmiller, We've, Broadcom's Organizations: Nvidia, CNBC Pro, Devices, Micron Technology, Arm Holdings, Broadcom, Arista Networks, Applied Materials, KLA Corporation Locations: British
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