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☆ Apple, Zuck, Elon, and the lesson of Microsoft Windows
▼ + stars: | 2024-01-24 | by ( Alistair Barr | ) www.businessinsider.com time to read: +9 min

However, this person has been investing for more than 2 decades and sold a startup to a big tech company in the first dot-com boom. "The lesson of Microsoft Windows"Then this hedge funder schooled me on the "lesson of Microsoft Windows." He also pointed out that if you don't own a big platform, your life kinda sucks. AdvertisementThe biggest betsThis is why big tech companies are investing 100s of billions of dollars to find the next big platforms. Big Tech is all about winning our attention and being the first "funnel" that sends us out into the world.

Persons: Mark Zuckerberg, —, Apple, Tesla, it's, Mark Gurman, I've, Matthew Ball, Zuckerberg, Ball, OpenAI, Nora Naughton, Elon Musk Organizations: Apple, Service, Apple's, Microsoft, Microsoft Windows, Android, Amazon, Google, Big Tech, Tesla, Software, GM, Ford, Meta Locations: American

☆ How $21 billion Balyasny is building an AI equivalent of a senior analyst
▼ + stars: | 2024-01-22 | by ( Bianca Chan | ) www.businessinsider.com time to read: +6 min

Balyasny Asset Management is working to build the AI equivalent of a senior analyst by combining multiple different AI tools, the hedge fund's head of applied AI told Business Insider. Balyasny is working to plug BAM ChatGPT, as it's called, into every internal and third-party dataset at Balyasny. "We're pretty laser-focused right now to move from junior analysts to senior analysts," Flanagan said of the agents' abilities. AdvertisementCharlie Flanagan, head of applied AI, Balyasny Asset Management Balyasny Asset ManagementHedge funds are keen to capitalize on the AI wave sweeping up Wall Street. AdvertisementLooking ahead, Flanagan is encouraging analyst and PM teams to build their own "agents" using AI building blocks created by the Applied AI team.

Persons: we're, Charlie Flanagan, Flanagan, Slack, aren't, Goldman Sachs Organizations: Service, Balyasny, Management, Business, Microsoft, Software, Man, Sigma, Wall, Citadel, BAM, intel Locations: Bridgewater

☆ Nvidia and its stock may go through an Apple-like transformation. What it would mean for investors
▼ + stars: | 2024-01-22 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +7 min

We agree wholeheartedly, having cheered Nvidia's software push for nearly a year . Software and services "Nvidia's business is evolving faster ... and software sales can help smooth out volatility," Melius analysts argued. In December, analysts at Piper Sandler also struck a bullish tone on Nvidia's software opportunity. The core of Nvidia's software strategy is DGX Cloud, an AI supercomputer accessible through a web browser, that the company rolled out in March 2023. The differentiated aspect of the DGX Cloud is it also has additional AI software and tools, such as pre-trained models, data libraries and access to Nvidia service representatives.

Persons: Jim Cramer's, OpenAI's, Piper Sandler, DGX, Melius, —, Jim Cramer, Jim, Hsun Huang, Patrick T Organizations: Nvidia, Melius Research, Software, Apple, DGX, Club, Microsoft, Research, Oracle, Google, Amazon, Amazon Web Services, CNBC, Nvidia Corp, Mobile, Fallon, Bloomberg, Getty Locations: Los Angeles , California

☆ Falling Domestic Fares and an A.I. Arms Race: What Travelers Can Expect in 2024
▼ + stars: | 2024-01-18 | by ( Christine Chung | ) www.nytimes.com time to read: +21 min

Arms Race: What Travelers Can Expect in 2024 At the start of what promises to be a very busy year, we look ahead at what you’re likely to encounter. With 2023 in the rearview mirror, we look ahead at what travelers will face in 2024. At United Airlines, for example, smarter software can offer rebooking options and issue food and lodging vouchers when a flight is canceled, rather than just rebooking a flight. United Airlines has suspended its flights indefinitely, said Josh Freed, a United spokesman. This year, travelers are expected to choose faraway places and board small ships, according to Virtuoso, the consortium of luxury travel agencies.

Persons: Chanelle, Hayley Berg, ” Ms, Berg, “, Robert W, Mann Jr, ”, Chad Burt, Oren Etzioni, Gilbert Ott, Hopper, Greg Forbes, Delta’s, Neville Pattinson, Mr, Pattinson, biometrics, Laura Lindsay, Joshua Smith, Smith, Laurel Brunvoll, Michael Zeiler, Airbnb, We’ve, Jamie Lane, ‘, ’ ”, Jan Freitag, “ We’ve, David Whiteside, Brian Kelly, Guy, Leigh Rowan, “ There’s, Kelly, Rowan, ” Mr, James Thornton, Sharm el Sheikh, Khaled Ibrahim, Harry Rubenstein, Rubenstein, Eyal Carlin, Josh Freed, Jack Ezon, Tom Marchant, Beth McGroarty Organizations: World Tourism Organization, International Air Transport Association, Analysts, Express Global, ”, airfare, University of Washington, United Airlines, Transportation, Administration, Salt Lake, International Airport, Denver International Airport, Delta Air Lines, U.S . Customs, Border Protection, La Guardia Airport, Los Angeles International Airport, biometrics, Thales, Air, American Airlines, Global, “, —, MidX Studios, LivSmart Studios, Hilton, Hyatt Studios, Accor Hotels, Boston University, Visa, Mastercard, Walmart, Target, Savanti, Chase, Intrepid Travel, Amisol Travel, East Travel Alliance, United, Consumers, Ki’ama, Wellness, Global Wellness Institute Locations: United States, Point.me, Salt, North America, London, Rome, Tokyo, Cancún, Las Vegas, Cayman Islands, Polynesia, Europe, Norway, Denmark, Air Canada, Bergen, Flam, Scandinavia, Italy, France, Malta, Slovenia, Maryland, Spain, Portugal, Britain, Egypt, India, Mexico ; Cape Girardeau, Mo, Niagara Falls, N.Y . Texas, Burnet, Sulphur Springs, New York, Vienna, Marriott, Israel, Jordan, Oman, Oman —, Tunisia, Northern Africa, Sharm, Cairo, Amisol Travel Egypt, Jerusalem, Tel Aviv, Ramle, Kimberley, Western Australia, Mitre, Patagonia, Ki’ama Bahamas, Bahamas, South Africa, Hudson, Tuxedo Park, N.Y, Malibu , Calif, Mexico

☆ CNBC Daily Open: The rush for gold — and bitcoin
▼ + stars: | 2023-12-05 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +2 min

Bitcoin coins are seen at a stand during the Bitcoin Conference 2023, in Miami Beach, Florida, U.S., May 19, 2023. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Spot gold prices touched $2,100 an ounce, hitting a record high as investors rushed into the safe-haven asset. Wall Street catches a breathU.S. stocks markets slipped Monday, with investors questioning if markets climbed too fast, too soon following five straight weeks of gains.

Persons: Twilio Organizations: CNBC, Wall, Dow Jones, Nasdaq, Big Tech, Japan's Nikkei, Airlines, DoJ, Alaska Airlines, Hawaiian Airlines, Justice Department, JetBlue Airways, Spirit Airlines, Spotify, Department of Justice, Banque Pictet, Internal Revenue Service Locations: Miami Beach , Florida, U.S, Asia, Pacific, Swiss

☆ Here are Tuesday's biggest analyst calls: Netflix, Apple, IBM, Coinbase, Nike, Domino's, Meta, Charles Schwab and more
▼ + stars: | 2023-12-05 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Goldman Sachs reiterates Nike as buy After a transfer of analyst coverage, Goldman Sachs said it sees improving growth for Nike shares. UBS downgrades United Rentals to neutral from buy UBS said in its downgrade of the equipment rental company that it sees a more balanced risk/reward. UBS reiterates Apple as neutral UBS said its analysis of Apple's App Store shows revenue increasing. UBS reiterates Netflix as buy UBS said it's standing by its buy rating on Netflix shares after hosting the company at a conference. William Blair reiterates Charles Schwab as outperform William Blair named Schwab a top pick for 2024, noting it's well-positioned.

Persons: Raymond James, Piper Sandler downgrades Albemarle, Piper Sandler, it's, Goldman Sachs, Roth, Roth MKM, TD Cowen, Bernstein, Mizuho downgrades Prologis, Wells, Wells Fargo, Oppenheimer, Domino's, Elliott, Morgan Stanley, Meta, Needham, Coinbase, JPMorgan, Raymond James downgrades Lululemon, LULU, Strong, William Blair, Charles Schwab, Schwab Organizations: Crescent Energy, Energy Company, Eagle Ford, UW, Nike, Bank of America, UBS, Credit Suisse, Yale, HY, United Rentals, Apple, Semiconductors, JPMorgan, IBM, Consulting, Mizuho, Marriott, of America, Netflix, Management, Integra, Financial, ISI, Disney, BR, Cargo Therapeutics, Citi, Travere Therapeutics Locations: Houston, Uinta, Eagle, LTHM, 2024E, 2025E, Argentina, Boston, China, Mexican

☆ CNBC Daily Open: All that glitters is gold — and bitcoin
▼ + stars: | 2023-12-05 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +2 min

A sign is seen on a bitcoin ATM at a stand during the Bitcoin Conference 2023, in Miami Beach, Florida, U.S., May 19, 2023. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The world's largest cryptocurrency was lifted by hopes of approval for a bitcoin exchange-traded fund and growing bets on U.S. interest rate cuts. Wall Street catches a breathU.S. stocks markets slipped Monday, with investors questioning if markets climbed too fast, too soon following five straight weeks of gains.

Persons: Europe's, Twilio, Rick Rieder Organizations: CNBC, Wall, Dow Jones, Nasdaq, Big Tech, Airlines, DoJ, Alaska Airlines, Hawaiian Airlines, Justice Department, JetBlue Airways, Spirit Airlines, Spotify, BlackRock, Federal Reserve Locations: Miami Beach , Florida, U.S

☆ AI Helps Unskilled Employees on the Job, Hurts Experienced Workers
▼ + stars: | 2023-12-04 | by ( Aki Ito | ) www.businessinsider.com time to read: +13 min

The numbers have prompted AI optimists to predict an economic boom and AI pessimists to worry about a future of fewer jobs. The question isn't how much AI helps out around the office but who it helps — and why. AI, in other words, is raising overall productivity by narrowing the gap between high performers and low performers. Researchers tasked people to write a short story, with and without the help of an AI tool for generating ideas. A few enterprising employers will go all in on hiring job candidates with less experience and boosting their performance with AI.

Persons: I've, optimists, It's, coders, it's, Bolt, it'll, we'll, isn't, We've, there's, Aki Ito Organizations: Software, Management, Law, Business Locations: United States

☆ Piper Sandler champions Nvidia's opportunity beyond AI chips — underscoring our post-earnings analysis
▼ + stars: | 2023-12-04 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +4 min

Piper Sandler reiterated its buy-equivalent rating on Nvidia's stock and $620 per-share price target, which implies nearly 33% upside from its Friday close. After Nvidia's more-than-200% stock-price gain this year, investors are wondering what's "new" about Nvidia, Jim Cramer said Monday. The answer to that question is software, Jim said, which could eventually help offset the historically boom-and-bust nature of semiconductor sales. Over time, though, Piper Sandler believes software can become a "significant portion" of Nvidia's total revenue. Despite our alignment with Piper Sandler on Nvidia's long-term software opportunity, Jim on Monday cautioned that its stock could be due for a breather.

Persons: Piper Sandler, Nvidia's, Jim Cramer, Jim, Jim Cramer's Organizations: Nvidia, Devices, AMD, Software, Enterprise, Club, Apple, CNBC, Visitors, NVIDIA, Hangzhou Apsara, Getty, Nurphoto Locations: Hangzhou, Hangzhou Apsara Conference, Zhejiang province, China

Indeed, studies show that drinking alcohol is less in vogue with younger millennials and Gen Z. Mounting concern around weight loss drugs GLP-1 drugs, which mimic the action of the glucagon-like peptide-1 hormone and stimulate insulin secretion after a meal, lower blood sugar and send feeling of fullness to the brain. What's more, GLP-1 drugs are an overwhelmingly American topic, with most Europeans unaware of them or unwilling to pay high prices. In total, GLP-1 users are only a very small slice of total alcohol consumers, said Spiros Malandrakis, lead alcohol industry researcher at Euromonitor International. The most vulnerable purveyors are those that are trailing the shift in consumption, notably domestic, non-premium beer brands.

Persons: Katie Pell, Pell, wasn't, millennials, Eli Lilly's Mounjaro, Goldman Sachs, Jason English, Nadine Sarwat, Bernstein, Sarwat, Spiros Malandrakis, —, BUD YTD, who'd, Mickey Velado, Brian Sudano, Nell Healy, Healy, she's, Malandrakis, Ryan Brigden, Brigden, Sudano, Joseph Gabelli, Gabelli, Z, there's, it's, Garrett Nelson, They've, seltzer, Nelson, Molson Coors, Bud, he's Organizations: Gallup, Drugs, Nordisk's Ozempic, JPMorgan, CNBC, Euromonitor, Anheuser, Busch Inbev, Beverage Marketing, Constellation, Guinness, Corona, Heineken, Athletic Brewing Company, Heineken Holding, Carlsberg, Constellation Brands, Malandrakis, Beverage, Gabelli, Diageo, Molson Coors, Busch InBev, Molson, Anheuser Busch Locations: Brooklyn, U.S, GLP, imbibing, Angeles, Colorado, Washington, California, North Carolina, San Francisco Bay, Europe, British, Brazil, India

☆ Crypto stocks set to start December on high note as bitcoin hits near 19-month high
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +2 min

Shares of bitcoin miners - whose profitability improves as bitcoin climbs - including Riot Platforms (RIOT.O), Marathon Digital (MARA.O) and TeraWulf (WULF.O) rose between 1.7% and 4%. "Higher crypto prices should lead to a boost in transaction volume and transaction revenues for Coinbase as we enter 2024," said CFRA Research analyst Michael Elliott. However, Elliott cautioned the crypto exchange faces both legal challenges and new regulations that are likely to take time to play out and will continue to result in volatility for the stock. The ETF approval bets have helped counter latest concerns after Changpeng Zhao, the founder of the world's largest crypto exchange, stepped down and pleaded guilty to breaking U.S. anti-money laundering laws. Among other gainers were U.S. software developer and bitcoin investor Microstrategy (MSTR.O), up nearly 3.5%, and ProShares Bitcoin Strategy ETF (BITO.P), which added 2.1%.

Persons: Dado Ruvic, Noelle Acheson, J.P.Morgan, Iris, Michael Elliott, Elliott, Changpeng Zhao, Microstrategy, Medha Singh, Sriraj Kalluvila, Krishna Chandra Organizations: REUTERS, Cipher Mining, Iris Energy, Marathon, CFRA, Thomson Locations: bitcoin, Bengaluru

BRUSSELS, Nov 28 (Reuters) - EU antitrust regulators have asked Microsoft's (MSFT.O) rivals whether the U.S. software giant's proposal to unbundle its chat and video app Teams from its Office product is sufficient to address their concerns, according to a questionnaire seen by Reuters. Microsoft announced its offer in August, a month after the European Commission opened an investigation into its bundling of Office and Teams, following a 2020 complaint by Salesforce-owned (CRM.N) Slack, a rival rival workspace messaging app. Regulators asked rivals to provide feedback from potential customers on how their services could operate in tandem with Microsoft's services, the pricing of products with and without Teams and eligibility criteria. In August Microsoft said that Office without Teams would be 2 euros per month cheaper than with Teams. Asked for comment, Microsoft referred to its August statement saying that the company was committed to finding solutions to address the Commission's concerns.

Persons: Microsoft's, Slack, Foo Yun, David Goodman Organizations: Reuters, Microsoft, European Commission, Salesforce, EU, Regulators, Thomson Locations: BRUSSELS, U.S

☆ Blackstone to Buy U.K. Software Developer Civica
▼ + stars: | 2023-11-22 | by ( Ben Dummett | ) www.wsj.com time to read: 1 min

Blackstone’s tie-up with Civica, if completed, could be announced as soon as Wednesday. Photo: jeenah moon/ReutersBlackstone agreed to buy U.K.-based software developer Civica, placing its second multibillion-dollar bet in Europe in as many days, in a sign that private-equity deal making in the region is picking up. The value of the transaction wasn’t disclosed. The Wall Street Journal earlier reported it valued Civica at close to $2.5 billion including debt.

Persons: Blackstone Organizations: Street Locations: Europe

☆ Meta to Require Political Advertisers to Disclose Use of A.I.
▼ + stars: | 2023-11-08 | by ( Mike Isaac | More About Mike Isaac | ) www.nytimes.com time to read: +1 min

It put systems into place and developed policies for what types of political ads were and were not allowed on its platforms. The Silicon Valley company said that starting next year, it would require political advertisers around the world to disclose when they had used third-party A.I. software in political or social issue ads to synthetically depict people and events. Meta added that it would bar advertisers from using its own A.I.-assisted software to create political or social issue ads, as well as ads related to housing, employment, credit, health, pharmaceuticals or financial services. Those advertisers would be able to use third-party A.I.

Persons: Meta Organizations: Facebook

☆ How ChatGPT Enterprise has helped Canva save hours of time and build better tools
▼ + stars: | 2023-11-04 | by ( Aaron Mok | ) www.businessinsider.com time to read: +6 min

The graphic design platform used the software to build its own AI tools, Canva's head of AI told Insider. Here's what ChatGPT Enterprise has automated — and what it still has to work on. AdvertisementAdvertisementOpenAI, one of the most influential artificial intelligence firms, rolled out ChatGPT Enterprise, a version of ChatGPT designed for businesses, at the end of August. AdvertisementAdvertisementEngineers used ChatGPT Enterprise to review Canva's blocklist and flag artist names that were similar to dictionary words for human review. While the company expects to keep using ChatGPT Enterprise moving forward, it doesn't plan on shrinking Canva's workforce.

Persons: Canva, —, ChatGPT, Danny Wu, Estée Lauder, Wu, Mark Muro, Thomas Hexton, Andy Warhol, OpenAI's chatbot, They're, OpenAI Organizations: Enterprise, ChatGPT Enterprise, Service, Software, Brookings Institute, Engineers Locations: Sydney

We are buying 50 shares of Oracle (ORCL), at roughly $105.18 apiece. Following Wednesday's trade, Jim Cramer's Charitable Trust will own 775 shares of ORCL, increasing its weighting in the portfolio to 3% from 2.82%. Looking ahead, investors are waiting on the cloud industry to hit an inflection point and return to accelerating growth. Notably, Oracle stock is still trading a few dollars lower than the level it reached ahead of the company's AI Executive Forum event on Oct.19. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer's, Jim Cramer, Jim, Erik Isakson Organizations: Oracle, ORCL, Software, Microsoft, Amazon, Google, Nvidia, Devices, CNBC, DigitalVision, Getty

☆ The allure of Tennessee: Why Floridians are trading their sandy beaches for a quieter life
▼ + stars: | 2023-10-31 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +6 min

Floridians, Texans, and Californians in particular are relocating there for a slower pace of life. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAdvertisementLindsey Moore, a mom of three and a dental technician who posts about her life on TikTok @lindseyswagmom , recently extolled the virtues of her new home state: Tennessee. She said many Floridians are packing up for places like Knoxville, Tennessee; Greenville, South Carolina; and Huntsville, Alabama, which she collectively calls "the Villes." "People are moving to simpler places because the places that they're leaving are becoming very, very complicated."

Persons: —, Lindsey Moore, TikTok @lindseyswagmom, Moore, didn't, Texas —, Rachael Wedekind, Jamie Foreman, Holly Meyer Lucas, Meyer Lucas, they're, Michael Tyler Organizations: Texans, Service, Volunteer, Memphis, . Software, Oracle, Facebook, Sunshine, Golden State, Knoxville Locations: Tennessee, Floridians, Knoxville, Nashville, Memphis, Florida, California, Texas, New York, Pennsylvania, Smoky, Relocators, Miami, Orlando, Tampa, Knoxville , Tennessee, Greenville , South Carolina, Huntsville , Alabama, Sacramento, Jonesborough

☆ Ford misses on earnings, as warranty costs move carmaker back near the penalty box
▼ + stars: | 2023-10-26 | by ( Jeff Marks | ) www.cnbc.com time to read: +7 min

Ford (F) reported weaker-than-expected earnings on Thursday as warranty costs ate into profits. Earnings before interest and taxes (EBIT) increased 22% from last year to $2.2 billion but fell short of the $2.7 billion analysts forecasted. Ford shares moved more than 3% lower in after-hours trading in reaction to the disappointing quarter. Ford said the strike has caused Ford to trim about 80,000 units from its plan, reducing 2023 EBIT by $1.3 billion. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Ford, we've, Jim Farley, John Lawler, Jim Cramer's, Jim Cramer, Jim, James Farley, Emily Elconin Organizations: Ford, United Auto Workers union, LSEG, UAW, Ford Model, Management, Ford Pro, United Auto Works, CNBC, Ford Motor Co, Rouge Electric Vehicle, Bloomberg, Getty Locations: EVs, Dearborn , Michigan, U.S

Nvidia and AMD could sell PC chips as soon as 2025, one of the people familiar with the matter said. Nvidia and AMD would join Qualcomm (QCOM.O), which has been making Arm-based chips for laptops since 2016. Nvidia spokesperson Ken Brown, AMD spokesperson Brandi Marina, Arm spokesperson Kristen Ray and Microsoft spokesperson Pete Wootton all declined to comment. Executives at Microsoft have observed how efficient Apple’s Arm-based chips are, including with AI processing, and desire to attain similar performance, one of the sources said. AMD's entry into the Arm-based PC market was earlier reported by chip-focused publication SemiAccurate.

Persons: Intel’s, Ken Brown, Brandi Marina, Kristen Ray, Pete Wootton, ”, Jay Goldberg, Will Moss, Stephen Nellis, Max A, Kenneth Li, Josie Kao Organizations: NVIDIA, Handout, REUTERS, Nvidia, Arm Holdings, Reuters, Windows, Apple, IDC, Devices, AMD, Qualcomm, Microsoft, Intel, D2D, Software, Thomson Locations: Santa Clara , California, San Francisco

☆ Goldman's strategy for higher rates and volatility: Buy these stocks with high cash returns
▼ + stars: | 2023-10-20 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Goldman Sachs is eyeing stocks that can best navigate a high interest rate environment. Goldman Sachs said stocks with a history of exceptional financial returns can help ride out the volatility. All the stocks that made the cut have a buy rating from Goldman Sachs. Shoe giant Nike stock has slipped more than 11% from the start of the year amid worries about consumer spending and a slowing economy. NKE YTD mountain Nike stock.

Persons: Goldman Sachs, Jerome Powell, Goldman, Michael Ng, Ng, Kash Rangan, Kate McShane Organizations: Federal, Tech, Apple, Software, Adobe, Nike, Investors

☆ The Baron Partners Fund crushed 99% of its peers over the last 15 years while beating the Nasdaq by over 300%. 6 stocks they're betting on for the long-term — and 3 qualities they look for in companie
▼ + stars: | 2023-10-18 | by ( William Edwards | ) www.businessinsider.com time to read: +6 min

That puts the Baron fund in the top 1% of similar funds, according to Morningstar data. 6 stocks Baron is betting onThe first is electric-vehicle maker Tesla (TSLA), one of the star performers of the market being up 135% year-to-date. For example, its 12-month forward price-to-earnings ratio is 58.48, and its PEG ratio is 2.24. Arch Capital has a fairly low 12-month forward price-to-earnings ratio of 11.82, but no PEG ratio is available. The firm's PEG ratio is 2.13.

Persons: Michael Baron, Baron, they've, Baron doesn't, Elon Musk, Tesla, Elon, That's, Charles Schwab, Schwab, he's, FactSet Organizations: Baron Partners Fund, Nasdaq, Morningstar, Partners Fund, Ford, GM, Hyundai, Arch Locations: New York

☆ How Hollywood writers’ landmark deal with studios could set a precedent in the battle against A.I.
▼ + stars: | 2023-09-28 | by ( Oliver Darcy | ) edition.cnn.com time to read: +3 min

After nearly 150 days on strike, the screenwriters secured a number of groundbreaking wins in their new contract with the major film and television studios. The terms, shared by the guild, prevent the studios from using A.I. to write or rewrite material, from forcing writers to use A.I. Until now, there had not yet been a major labor dispute that hinged so heavily on the growing threat to livelihood brought by A.I. And the pioneering deal the WGA struck with the studios will help — at least in the short term — serve as a template.

Persons: A.I, —, Buckle Organizations: CNN, Guild of America, WGA

☆ Analysts name 2 stocks to play the $104 billion EV charging industry — giving one 95% upside
▼ + stars: | 2023-09-19 | by ( Weizhen Tan | ) www.cnbc.com time to read: +5 min

Public electric vehicle charging infrastructure remains "critical" in driving further EV adoption, said analysts at investment bank TD Cowen. "A ubiquitous and reliable network of public EV charging infrastructure remains critical in driving further adoption to curtail CO2 emissions from the transportation sector," said TD Cowen. Here are some areas that will take up the bulk of that opportunity, as well as stocks that could benefit, according to TD Cowen. Passenger EV charging hardware The bank estimates that $91 billion in investment is required for publicly available U.S. EV charging hardware and installations for passenger vehicles, and another $14 billion for commercial vehicles by 2030. "Ultimately, we think the next wave of EV charging companies will have a keen focus on the fleet /medium/heavy-duty sector," it said.

Persons: TD Cowen, Cowen, Gage, They're, ChargePoint, — CNBC's Michael Bloom Organizations: EV, ChargePoint Holdings, ABB, Software, DC Locations: U.S, United States, America

☆ Instacart closes up 12% in Nasdaq debut, after first-day rally sputters
▼ + stars: | 2023-09-19 | by ( Ari Levy | ) www.cnbc.com time to read: +4 min

Instacart shares rose 12% in their Nasdaq debut on Tuesday after the grocery delivery company's long-awaited IPO. The stock initially popped 40% to open at $42, but closed at $33.70 as investors locked in their initial gains. At $11.2 billion, Instacart is valued at about 3.9 times annual revenue. Food delivery provider DoorDash , which Instacart named as a competitor in its prospectus, trades at 4.1 times revenue. Uber's stock trades for less than three times revenue.

Persons: Instacart, Andreessen Horowitz, Rowe Price, company's Uber, Fidji Simo, CNBC's Deirdre Bosa, It's, Brandon Leonardo, Maxwell Mullen, Apoorva Mehta Organizations: Nasdaq, Software, Kroger, Costco, Sequoia, Fidelity, Target, Walmart Locations: Tuesday's, U.S, Amazon

☆ Insider Today: Apple's new iPhone is here
▼ + stars: | 2023-09-13 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +9 min

This post originally appeared in the Insider Today newsletter. But the show's real stars were the new versions of Apple's iPhone and Apple Watch. But if you were hoping a new iPhone will send Apple's stock soaring, think again. Prior to Tuesday's event, Apple's shares fell an average of 0.2% on days a new iPhone was announced, according to Barron's. The Insider Today team: Dan DeFrancesco, senior editor and anchor, in New York City.

Persons: Bond, Elon Musk's, Justin Sullivan, Octavia Spencer, Tim Cook, Max, Insider's Sarah Jackson, Jordan Hart, Lakshmi, iPhones, Gary Coronado, Jamie Dimon, — Warren Buffett —, Bill Gross, DoubleLine's Jeffrey Gundlach, Pimco, DoubleLine's, Gross, Anna Moneymaker, Thomas Trutschel, isn't, Sundar Pichai, Elon, Walter Isaacson, Read, Kent Walker, Chelsea Jia Feng, Patreon, Naomi Osaka, Shaquille O'Neal, Allegra, Dayquil, Jennifer Aniston, Reese Witherspoon, Yelp, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Jets, Apple, Apple Watch, Getty, Bloomberg, JPMorgan, Wall, Google, Software, Amazon, FDA, North American, Detroit Auto, GMC, Bourbon Locations: Wall, Silicon, Milwaukee, Lakshmi Varanasi, ., China, that's, Latvia, Estonia, Chelsea, Colorado, Arizona, Morocco, New York City, San Diego, London, New York

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