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☆ TikTok is becoming a new GoFundMe, with views replacing donations to help people get out of debt
▼ + stars: | 2024-05-22 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +7 min

Read preview"We are paying off each other debt on TikTok," a creator recently declared. The creator, named Yolanda, was gushing about the "pay off each other's debt" trend that seems to have become popular on the app. More than 4,000 videos have been posted under the #payoffdebttrend hashtag on TikTok, with creators asking for help for various reasons including medical bills, student debt, and unexpected costs. The requirements for earning money on TikTok are to have at least 10,000 followers and to have amassed 100,000 video views in the previous 30 days. AdvertisementAccording to creators who previously spoke with BI in 2022, the amount TikTok pays creators varies widely from a few pennies to $17 per 1,000 views.

Persons: —, Yolanda, TikTok, Katya Varbanova, Jake Heisenburg, Heisenburg, commenter, didn't, he'd, Markia Brown, Mark Tilbury, Varbanova, it's, Brown, isn't Organizations: Service, Business, New York Federal Reserve Bank, TikTok, Facebook Locations: TikTok, Experian

☆ China’s 618 shopping festival begins with biggest-ever Apple price cuts and a boycott
▼ + stars: | 2024-05-22 | by ( Laura He | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —Apple is offering unprecedented price cuts in China as big brands and retailers launch promotions for the annual “618” shopping festival in the face of sluggish consumer demand. The JD.com Inc. headquarters during a ceremony marking company's 20th anniversary and 618 shopping event in Beijing, China, on Sunday, June 18, 2023. The 618 shopping festival, a key barometer of consumption in the country, has seen growing competition by e-commerce sites and retailing brands to offer discounts. One statement, issued by 10 publishing houses in Beijing, said the boycott was a necessary move to “maintain the stability and prosperity” of the book publishing market. Even major state-owned publishing companies voiced opposition to “chaotic” price wars.

Persons: Apple, Alibaba —, Alibaba, Rihanna, iPads, ”, Jefferies Organizations: Hong Kong CNN, Apple, Huawei, Vivo, JD.com, Inc, Bloomberg, Getty, Counterpoint Research, Xiaomi, Shanghai Century Publishing Locations: Hong Kong, China, Shanghai, Beijing

☆ Local energy production is key to keeping the UK's energy prices down, SSE CEO says
▼ + stars: | 2024-05-22 | 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 EmailLocal energy production is key to keeping the UK's energy prices down, SSE CEO saysAlistair Phillips-Davies, CEO of SSE, discusses the firm's full-year results and explains the company's continued efforts to reduce reliance on Europe for energy in the U.K.

Persons: Alistair Phillips, Davies Locations: Europe

☆ Shocking: Some AI developers didn’t listen when a woman rejected their offer
▼ + stars: | 2024-05-22 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

Back in September, Scarlett Johansson, who played the hauntingly complex AI assistant in the 2013 Spike Jonze film “Her,” got a request from OpenAI’s CEO, Sam Altman. He wanted to hire Johansson to voice his company’s newest ChatGPT model, “Sky.” She said no. Johansson quickly lawyered up, saying Monday she was “shocked, angered and in disbelief” that Altman would use a voice “so eerily similar” to her own. OpenAI was forced to confront some of those concerns late last week, after two prominent employees left the company. “Being friends with AI will be so much easier than forging bonds with human beings,” wrote Wired editor Brian Barrett in a recent essay about the movie.

Persons: CNN Business ’, you’ve, Scarlett Johansson, Spike Jonze, ”, Sam Altman, Johansson, OpenAI, Altman, Altman —, Jan Leike, OpenAI’s, Ilya Sutskever, ” Altman, “, that’s, Joaquin, Brian Barrett, — CNN’s Clare Duffy, Brian Fung Organizations: CNN Business, New York CNN, Google Locations: New York, Silicon

☆ Ukraine: Battles rage outside Kharkiv as troops try to hold back Russian advance
▼ + stars: | 2024-05-22 | by ( Nick Paton Walsh | ) edition.cnn.com time to read: +5 min

Russia’s relentless onslaught has a key goal: If they take Lyptsi, then they can position artillery within range of Ukraine’s second city, Kharkiv, 20 minutes down the road. “They’re not sending just anyone into the assaults.”His stare lengthens when asked about what fortifications were in place before the surprise Russian attack. At one position closer to the Russian border, the 92nd Assault Brigade showed CNN a Russian artillery gun, captured in the first days of the war, from which they are now firing French mortar shells. The gun was partially hidden by a wire net, aimed at providing some protection from an attack drone. Attacks persisted in the distance however, keeping the city’s residents awake through violently loud nights, now amplified by the threat of Russian artillery edging closer.

Persons: ”, “ They’re, Artun, Mick Krever, tugging, ” Artun, “, CNN’s Nick Paton Walsh, Oleksandr, Brice Lainé Organizations: CNN, National Guard, 92nd Assault Brigade Locations: Ukraine, Kharkiv, Russian, Soviet, Lyptsi, Russia, Cherkaska Lozova

☆ Nvidia crushes sky-high expectations and charts continued AI-driven dominance for years to come
▼ + stars: | 2024-05-22 | by ( Jeff Marks | ) www.cnbc.com time to read: +10 min

In what was the most anticipated quarter this earnings season, Nvidia far outpaced lofty expectations on the top and bottom lines. Adjusted gross margin of 78.9% also beat the Street's 77.2% estimate, according to market data platform FactSet. Through its Nvidia AI Enterprise service, Nvidia is in the process of building out a potentially massive software business. Nvidia said Tesla's use of Nvidia AI infrastructure "paved the way" for the "breakthrough performance" of full self-driving version 12. Kress expects sovereign AI revenue to approach the high single-digit billions of dollars this year from nothing last year.

Persons: Jensen Huang, Blackwell, here's, Jensen, it's, It's, Colette Kress, Kress, Hopper, Jim Cramer's, Jim Cramer, Jim, David Paul Morris Organizations: Nvidia, Revenue, Enterprise, Devices, Intel, Oracle, Microsoft, Infrastructure, Blackwell, Capital, CNBC, Nvidia Corp, Technology Conference, Bloomberg, Getty Locations: China, U.S, San Jose , California

☆ Opinion: Rewatching ‘Notting Hill,’ the truly unbelievable part is Hugh Grant’s house
▼ + stars: | 2024-05-22 | by ( Opinion Laura Beers | ) edition.cnn.com time to read: +11 min

The Notting Hill of the 1990s was still socially heterodox and shabby chic, a neighborhood where a group of 30-something professionals could plausibly have ended up. Even in the late 1990s, such access to disposable income marked the characters in “Notting Hill” out as privileged. Yet, in the 1990s, Notting Hill, long a center of Caribbean immigrant culture and the site of the annual Notting Hill Carnival, underwent a rapid process of gentrification. Between 1995 and 1999, Notting Hill house prices rose by 75%. The colorful terraced houses of Notting Hill, which these days sell for millions of pounds.

Persons: Laura Beers, ”, George Orwell’s, Richard Curtis ’, Julia Roberts, Anna Scott, Hugh Grant, William Thacker, Roberts, Laura Beers Laura Beers, it’s, —, Curtis, Hill’s, Hugh Grant's, Winston, George Orwell, Orwell, Tony Blair’s Britain, Bill Clinton’s America, Grant’s, Tony Blair, Steve Eason, Notting, Spike, Rhys Ifans, Notting Hill, Mike Kemp, San, Spencer Platt, Rishi Sunak’s government’s, Bill, Rewatching Organizations: American University, CNN, MCA, Everett, Notting, Labour, Hulton, Getty, Movement, Housing, Federal Reserve, New York State, Hill ” Locations: American, London, West London, Notting, West, Britain, United States, Young, Notting Hill, Central London, San Francisco, Manhattan, San Matteo, Redwood City, York

☆ Transition to next-generation AI chips and 2 other pressing questions ahead of Nvidia's earnings
▼ + stars: | 2024-05-22 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Nvidia's Hopper chips include the H100, which was announced in 2022 and faced severe supply shortages last year as the AI gold rush intensified. Tuesday's AWS news represents a pushout in demand for Nvidia chips, not a loss of it. That would be the so-called "digestion" phase for AI chips that Wall Street has been speculating about since last year. If anything, AWS deciding to wait for the more-powerful Blackwell chips could mean the digestion phase is further out on the horizon than initially thought. Unlike last year, when Nvidia's chips were in such short supply, there are now rival chips out there, such as AMD's MI300X, which is angling for a corner of the inferencing market .

Persons: you've, it's, Jim Cramer, Hopper, Blackwell, Nvidia's Hopper, There's, Grace Hopper Superchip, Kimberly Powell, Powell, Jim Cramer's, Jim, Jensen Huang, Justin Sullivan Organizations: Nvidia, Blackwell, Amazon Web Services, CNBC, NVIDIA, AWS, Club, SAP Center Locations: Hopper, Ceiba, San Jose , California

☆ Healthy diets with only 10% ultraprocessed foods may raise risk of cognitive decline, stroke
▼ + stars: | 2024-05-22 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +5 min

All three diets are plant-based, focused on consuming more fruits and vegetables, whole grains, beans and seeds while limiting sugar, red meat and ultraprocessed foods. Eating more ultraprocessed foods such as hot dogs is linked to a higher risk of stroke and cognitive decline, according to a new study. What is it about ultraprocessed foods that may allow them to sabotage efforts to follow a healthy diet? Growing dangers of ultraprocessed foodsStudies on the dangers of eating ultraprocessed foods are piling up. That 10% increase was considered “baseline,” and adding even more ultraprocessed foods might increase the risk, experts say.

Persons: ”, Andrew Freeman, ’ ”, Dr, W, Taylor Kimberly, Kimberly, Peipei Gao, Zhendong Mei, Mei, Gao, Harvard T.H, ’ ” Freeman Organizations: CNN, Jewish Health, Whites, Blacks, Massachusetts General Hospital, Brigham, Women’s Hospital, Harvard, of Public Health Locations: Denver, Massachusetts, Boston, Chan

☆ 4 signs your partner is more emotionally intelligent than most: ‘They’re happy to let you be you’
▼ + stars: | 2024-05-22 | by ( Kandi Wiens | In Kandi-Wiens-Edd | ) www.cnbc.com time to read: +4 min

As a researcher who studies emotional intelligence, resilience and burnout, I know that it takes emotionally intelligent people to communicate effectively and sustain a healthy, respectful and mutually supportive connection. So it tracks that you'd want to keep an eye out for emotional intelligence in a romantic partner. They can engage in healthy conflict with youNavigating inevitable moments of conflict with emotional intelligence means that you and your partner don't avoid them. A partner who engages in healthy conflict isn't conflict-averse or passive-aggressive. Knowing how to self-soothe after an upsetting experience is an essential component of emotional regulation and healthy relationships.

Persons: Long, —, they've, unaddressed, it's Organizations: Research

☆ Fish oil supplements may cause harm, study finds. ‘Is it time to dump them?’ expert asks
▼ + stars: | 2024-05-22 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +7 min

However, a new study finds regular use of fish oil supplements may increase, not reduce, the risk of first-time stroke and atrial fibrillation among people in good cardiovascular health. Nearly one-third of those people, who were followed for an average of 12 years, said they regularly used fish oil supplements. Over-the-counter fish oil suffers from a lack of purity and consistency, as well as the potential contaminants and heavy metals such as mercury that come with fish, Freeman said. “In addition, studies over the last 10 years have not been very positive for over-the-counter fish oil,” he added. “Fish oil was either having no benefit or in some cases it may harm, such as with stroke and AFib.

Persons: ’ ”, Andrew Freeman, “, ”, Freeman, that’s, ” Freeman, sasirin, Richard Isaacson, Isaacson, Chia, ” Isaacson Organizations: CNN, Jewish Health, Costco, Food and Drug Administration, US, NSF International Locations: United States, Denver, United Kingdom, Boca Raton , Florida, Lake

☆ Miner Anglo American rejects third takeover offer from rival BHP Group as talks deadline extended
▼ + stars: | 2024-05-22 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +3 min

(Photo by William WEST / AFP) (Photo by WILLIAM WEST/AFP via Getty Images)LONDON — Anglo American rejected a third takeover proposal from rival BHP Group on Wednesday, as the companies agreed to extend talks deadline by one week. The British miner confirmed the third proposal from BHP offered about £29.34 per Anglo American share, based on undisturbed share prices as of market close on April 23. Shares of Anglo American were up 0.35% shortly after the announcement, while BHP shares fell over 3.4%. The combined companies would form a behemoth in copper mining and the world's largest player in the space, supplying 10% of global output, according to a Reuters analysis. Anglo rejected both previous offers, however, saying that they "significantly undervalue the company and its future prospects."

Persons: Stuart Chambers, Chambers, Duncan Wanblad Organizations: BHP, William WEST, WILLIAM WEST, Getty, BHP Group, London Stock Exchange, Limited, Iron Ore Limited, Rio Tinto Locations: Melbourne, Australian, AFP, American, London, Australia

☆ I'm a 42-year-old pregnant nutritionist. I eat plenty of protein, love spicy foods, and snack on nuts.
▼ + stars: | 2024-05-22 | by ( Kelly Burch | ) www.businessinsider.com time to read: +5 min

I always had a passion for health and fitness, but this time, I felt even more empowered with knowledge about how to eat healthy during pregnancy. AdvertisementI focus on healthy foods that are easy to makeI make sure that I eat plenty of filling foods with a lot of flavor each day. Related storiesAlthough I'm health-conscious, I'm also tired. If I'm eating eggs, I'll combine 2-3 egg whites with one whole egg to load up on plenty of protein. Often, I eat a wrap here, too — it's just such an easy and delicious way to incorporate protein, vegetables, and whole-wheat carbs.

Persons: —, Melissa Pfeister, I'm Organizations: Service, Stanford Medicine, Business

Taipei CNN —Thousands of mostly young protesters surrounded Taiwan’s legislature late into the night on Tuesday, protesting a push by opposition parties to subject the island’s new leader and his administration to tighter scrutiny from a parliament controlled by lawmakers who favor closer ties to China. Meanwhile, the president would be required to deliver an annual address to the parliament on key policy issues. Yasuyoshi Chiba/AFP/Getty ImagesOn Tuesday, as the parliament resumed its meeting to discuss the bill, protesters gathered outside the Legislative Yuan – Taiwan’s unicameral parliament – from morning until midnight, braving downpours in the afternoon. Lai, 64, a former doctor and vice president, was inaugurated Monday alongside new Vice President Hsiao Bi-khim, who recently served as Taiwan’s top envoy to the United States. Both leaders and their party are openly loathed by Beijing for championing Taiwan’s sovereignty.

Persons: Lai Ching, TPP, Yasuyoshi Chiba, Yuan –, braving, Ricky Li, “ I’m, ”, Lai, Hsiao Bi, China’s Organizations: Taipei CNN, Democratic Progressive Party, Taiwan’s, Kuomintang, KMT, Taiwan People’s Party, DPP, –, Communist Party Locations: Taipei, Taiwan’s, China, Beijing, Taiwan, AFP, United States

☆ AI darling Nvidia reports after the bell. What Wall Street is watching
▼ + stars: | 2024-05-22 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Wall Street will be keeping close watch on what Nvidia says about demand for its artificial intelligence chips when the market-moving chipmaker reports quarterly results after the bell Wednesday. Nvidia is expected to surpass expectations again, with analysts polled by LSEG calling for earnings of $5.59 per share on $24.65 billion in revenue. "As long as it tops analyst expectations, NVIDIA is likely to remain a key tailwind for the overall U.S. stock market." NVDA 1Y mountain Shares over the last year For multiple quarters, Nvidia has shocked Wall Street with the robust demand for its tools. "We continue to expect a strong beat-and-raise quarter from NVIDIA as Hopper demand remains robust before the Blackwell transition," wrote Morgan Stanley's Joseph Moore.

Persons: they've, Wolfe, Chris Senyek, Hopper, Blackwell, Morgan Stanley's Joseph Moore, Piper Sandler's Harsh Kumar, Rosenblatt's Hans Mosesmann, Baird's Tristan Gerra, Tom O'Malley, Baird's Gerra, Nvidia's Blackwell, America's Vivek Arya, Arya, Timothy Arcuri, Rosenblatt's Mosesmann, O'Malley, Morgan Stanley's Moore Organizations: Nvidia, NVIDIA, Blackwell, Barclays, Bank, America's, UBS Locations: Nvidia's

☆ Target shares slide as consumers buy fewer groceries and home goods
▼ + stars: | 2024-05-22 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +3 min

Target on Wednesday posted a year-over-year sales decline and missed Wall Street's earnings estimates, as consumers fatigued from high prices bought both fewer discretionary items and groceries. On a call with reporters, CEO Brian Cornell said the company's results reflect "continued soft trends in discretionary categories." Target also announced Monday it was cutting prices on thousands of everyday items, including milk, bread, paper towels and diapers. Like other retailers, Target has tried to win over consumers who are not spending as freely on clothing, home goods or other discretionary items. Walmart, for example, has gained market share from higher-income shoppers and recently introduced a premium food brand with most items under $5.

Persons: Brian Cornell, John David Rainey Organizations: Target, LSEG, Walmart, Aldi Locations: Miami , Florida, Minneapolis

☆ Haz, an AI-powered app for secondhand clothes, just raised $1.4 million with this 10-slide pitch deck
▼ + stars: | 2024-05-21 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +1 min

London-based startup Haz has raised $1.4 million in pre-seed funding led by Speedinvest. Founded in 2023, Haz digitizes users' clothing items and allows sharing transactions with friends. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementHaz, a London-based startup that has built an AI-powered platform where users buy and sell secondhand clothing, has raised $1.4 million in pre-seed funding. It can even scan things like email inboxes for receipts and add those to a user's list of clothing owned.

Persons: Haz, — Organizations: Speedinvest, Service, Business Locations: London

☆ We're in the era of heat pumps — a market that experts say is 'set to skyrocket'
▼ + stars: | 2024-05-21 | by ( Pia Singh | ) www.cnbc.com time to read: +10 min

This old technology getting some fresh attention is a trend investors may not want to miss: Heat pumps. Heat pumps provide both air conditioning and heat — all in one device. Heat pumps could play a viable role in this regard," Muhedini said in a research note last week. The DOE also runs a Residential Cold Climate Heat Pump Technology Challenge , which is partnered with Trane, Carrier, and Johnson Controls, among other leading heat pump makers. In the chemicals sector, companies that produce more eco-friendly refrigerants for heat pumps could one day reap the benefits of recent legislation in the U.S. that will ban next year the production of heat pumps that use refrigerants with high levels of global warming potential.

Persons: hasn't, They're, William Thompson, Amantia, Muhedini, Thompson, Johnson, Jefferies, Stephen Volkmann, Trane, Andrew Kaplowitz, Deane Dray, Dray, Lennox, Owens, It's, they've, Nestle Organizations: UBS, McKinsey, Barclays, United Nations, UN, International Energy Agency, Johnson Controls, Carrier, Solutions, Citi, Wednesday, U.S . Department, DOE, Trane, RBC Capital, Johnson, Companies, Rockwell Automation, Honeywell International, Arkema, Unilever Locations: industrials, U.S, Paris, Trane, Monday's, Spain, Switzerland

☆ Britain's inflation rate could be about to drop below the Bank of England's 2% target
▼ + stars: | 2024-05-21 | by ( Jenni Reid | ) www.cnbc.com time to read: +3 min

Bloomberg | Bloomberg | Getty ImagesLONDON — U.K. inflation could be about to hit a major milestone, with some forecasting that a sharp fall in the April print will take the headline rate below the Bank of England's 2% target. That would represent a plunge from the current level of 3.2% and could "make or break" a June interest rate cut, economists say. Ashley Webb, U.K. economist at Capital Economics, said that if the headline rate does fall below 2% in April, as he expects, it would be "momentous." "This will be crucial in determining whether the first interest rate cut from 5.25% will happen in June (as we expect) or in August. We think inflation will fall further, perhaps even to 1.0% later this year," Webb said in a Friday note.

Persons: Ashley Webb, What's, Webb, —, BOE Governor Andrew Bailey, BOE, Ben Broadbent, James Smith, ING's Organizations: Bloomberg, Getty, Bank of England's, Capital Economics, Bank of England, European Central Bank, ING Locations: Kingston, London, U.K

For the first time, Sonos is set to launch a pair of wireless headphones. AdvertisementSonos Ace price and preorder detailsThe Sonos Ace are set to launch on June 5. SonosThe Sonos Ace are now available to preorder for $449 from Sonos' online store and Best Buy. Sonos Ace Headphones The Sonos Ace are the brand's first pair of wireless headphones. SonosThe Sonos Ace are packed with all the core features that we've come to expect from a pair of flagship wireless headphones.

Persons: Bose, Ray, Sonos, 1000XM5, Apple AirPods Max, soundbars, we've Organizations: Business, Bose, Sony, Apple, Dolby, Amazon, Sony WH

☆ Here's how Disney’s streaming business can work toward Netflix-like profitability
▼ + stars: | 2024-05-21 | by ( Paulina Likos | ) www.cnbc.com time to read: +14 min

Disney's streaming margins, while still negative due to losses and nowhere near Netflix's, have improved significantly in recent quarters and are now on the doorstep of an important milestone. Disney's streaming overview Disney+ is its flagship streaming service across the globe. The ARPU discrepancy on Disney+ core helps explain why Netflix is much more profitable than Disney's streaming business. Given that Disney's streaming business has rolled out pretty much everywhere across the globe, Cruetz said moving forward "it's about driving more penetration in those markets." The latest is a matchup with Disney and HBO's parent Warner Bros Discovery , whose flagship streaming service is called Max.

Persons: Bob Iger, Disney, Iger, Covid, Morgan Stanley, It's, That's, Cowen, Doug Creutz, Hulu's, Cowen's Cruetz, Brandon Nispel, Cruetz, TD Cowen, Max, Creutz, cannibalization, it's, KeyBanc's Nispel, Wells Fargo, Jim Cramer's, Jim Cramer, Jim, Presley Ann Organizations: Disney, Netflix, ESPN, Reliance Industries, Century Fox, CNBC, Comcast, Capital, Warner Bros Discovery, Getty Locations: Netflix's, Hulu, India, Malaysia, Philippines, Thailand, U.S, Canada, Europe, Africa, West Asia, Los Angeles

☆ Eli Lilly stock hits new highs after a regulatory win in China. This is a big deal
▼ + stars: | 2024-05-21 | by ( Morgan Chittum | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Jim Cramer described the market as overall "benign," while the S & P 500 and Dow also traded pretty flat. Eli Lilly received approval for its GLP-1 drug tirzepatide in China. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Christopher Waller, Jim, Waller's, billings, Eli Lilly, Jim Cramer's Organizations: CNBC, Nasdaq, Dow, Washington , Federal Reserve, Palo Alto Networks, Club Locations: Washington ,, Palo, billings, China

Jefferies upgraded MercadoLibre to buy and raised its price target on the stock. Asiya Merchant kept her buy rating and and hiked up her price target by $45 to $170, which suggests shares could jump 16.9% from Monday's close. Nodding to the stock's strong recent performance, analyst David Koning downgraded Toast shares to neutral and maintained his $28 price target. Analyst Kashy Harrison downgraded the stock to neutral from overweight and lowered his price target to $4.50 from $9, implying 8.4% upside. He also raised his price target to $2,100 from $1,400, implying upside of about 20% over the next 12 months.

Persons: Jefferies, Piper Sandler, Asiya Merchant, Merchant, Dell, — Pia Singh, Baird, David Koning, Koning, Morgan Stanley, Chan, TSMC, Piper Sandler downgrades, Kashy Harrison, Harrison, Alex Wright, Wright, Fred Imbert Organizations: CNBC, Sunnova Energy, Citi, Dell, Citi Research, TAM, Taiwan Semiconductor, Nvidia, Energy, NOVA, Jefferies Locations: America, Monday's, Kong, securitizations

☆ Trump prosecutor Fani Willis and trial judge Scott McAfee will win their elections in Georgia, CNN projects
▼ + stars: | 2024-05-21 | by ( Eric Bradner | ) edition.cnn.com time to read: +3 min

Fani Willis, the Fulton County district attorney who is prosecuting Trump, is projected to win her Democratic primary rematch with attorney and author Christian Wise Smith. And Judge Scott McAfee, who is overseeing the former president’s case, is projected to win his nonpartisan election for Fulton County Superior Court. That has left the Trump case effectively at a standstill. Wise Smith, Willis’ primary opponent, finished third in the 2020 Democratic primary for Fulton County district attorney. Kemp could wind up being a witness in the Trump case.

Persons: Donald Trump’s, Fani Willis, Trump, Christian Wise Smith, Scott McAfee, Willis, Nathan Wade, Wade, Wise Smith, Willis ’, CNN’s Laura Coates, ” Willis, Courtney Kramer, Kramer, Joe Biden’s, McAfee, Robert Patillo, Patillo, ”, Tiffani Johnson, Brian Kemp, “, Kemp, Roy Barnes, Barnes, CNN’s Ryan Young, Devon M, Sayers Organizations: CNN, Democratic, Fulton County Superior Court, Trump, Republican, McAfee, Republican Gov, Democrat, Devon Locations: Georgia, Fulton County, Fulton, Atlanta

☆ Dollar steady; ether fuels crypto rally
▼ + stars: | 2024-05-21 | by ( ) www.cnbc.com time to read: +3 min

Cryptocurrencies rallied, led by a surge in ether on growing anticipation of an impending approval of spot ether exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). Against the yen , the dollar rose 0.07% to 156.37 in the early Asian session. However, the still-stark interest rate differentials between the U.S. and Japan maintained the appeal of the yen as a funding currency. Still, the cautious Fed rhetoric has so far done little to significantly alter the market pricing for rate cuts, with investors betting on two cuts this year beginning September. Analysts said the latest crypto rally came on the back of speculation that an approval of spot ether ETFs by the U.S. SEC could be imminent, following in the footsteps of the listing of bitcoin ETFs earlier this year.

Persons: Cryptocurrencies, Carol Kong, Bitcoin, Tony Sycamore Organizations: U.S . Securities, Exchange Commission, SEC, U.S, Commonwealth Bank of Australia, New Zealand, Reserve Bank of Australia's, IG Locations: Japan

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