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DHAKA, Bangladesh (AP) — Authorities in Bangladesh announced a new salary structure on Tuesday for protesting garment factory workers with a 56% increase in the monthly minimum wage to $113 from the previous $75, a decision rejected by some workers' groups as too small. The decision came after weeks of violent protests by workers demanding a $208 monthly minimum wage. The protests began after the Bangladesh Garment Manufacturers and Exporters Association offered to increase the monthly minimum wage by 25% to $90. Political Cartoons View All 1234 ImagesThe last increase in the minimum wage was announced in 2018. It says factory owners are under pressure because global brands in Western countries are offering less than before.

Persons: Monnujan Sufian, Kalpona Akter, Akter, ” Organizations: —, State, Labor, Workers, Bangladesh Garment Manufacturers, Bangladesh Garment and Industrial Workers Federation, Owners, Bangladesh Locations: DHAKA, Bangladesh, China, United States, Europe, Japan, India

The Walt Disney Co. on Monday named 34-year PepsiCo veteran Hugh Johnston as its new chief financial officer. Johnston, who has been PepsiCo's CFO since 2010, will replace Kevin Lansberry effective Dec. 4. Johnston has served a variety of roles at PepsiCo beginning in 1987. Johnston will report to Disney CEO Bob Iger, who returned to the Burbank, California entertainment giant just less than a year ago. Ron DeSantis of Florida, where Disney runs the giant Walt Disney World theme park resort.

Persons: Hugh Johnston, Johnston, Kevin Lansberry, Lansberry, Bob Iger, ” Iger, Iger, Bob Chapek, Chapek, Ron DeSantis, “, ” Organizations: Walt Disney Co, PepsiCo, Merck & Co, Microsoft, HCA Healthcare, Disney, Gov, Walt Disney Locations: , New York, Burbank , California, America, Florida

☆ Foxconn founder Terry Gou lies low in Taiwan election as China tax probe reverberates
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +6 min

[1/2] Terry Gou, founder of Taiwan's Foxconn poses for pictures while saluting during a news conference in Taoyuan, Taiwan April 5, 2023. But three months out from the election, Gou, whose net worth is estimated by Forbes at $6.7 billion, has gone to ground. China claims Taiwan as its own and believes Lai, who leads opinion polls, is a separatist bent on a formal declaration of independence. Since the Global Times report came out, Gou's team has declined to comment, referring questions to Foxconn itself. Gou remains a lauded figure at Foxconn after stepping down as chairman in 2019, referred to reverentially as "the founder".

Persons: Terry Gou, Taiwan's, Carlos Garcia Rawlins, Taiwan's Terry Gou, Gou, Lai Ching, Lai, Steve Jobs, Foxconn, Democratic Progressive Party's, reverentially, Xi Jinping, Ben Blanchard, Sonali Paul Organizations: REUTERS, Rights, Apple, Forbes, Global Times, Taiwan, Democratic Progressive, DPP, Taiwan People's Party, Hai Precision Industry Co Ltd, Chicago, Atari, Dell, Sony Corp, Nintendo Co, Microsoft Corp, Communists, Communist Party's, Thomson Locations: Taoyuan, Taiwan, Rights TAIPEI, China, Foxconn, Beijing, Kuomintang, People's Republic of China

NEW YORK (AP) — Bud Light is set to return as the official beer of the UFC in the U.S. next year as the brand tries to recover from a conservative backlash to a promotion with a transgender influencer. Under a new multiyear marketing deal between the promoter of mixed martial arts fights and Bud Light maker Anheuser-Busch, the brewer will become the UFC's “Official Beer Partner” in the U.S. starting Jan. 1, the two companies announced. Bud Light has also faced backlash from Mulvaney’s supporters and LGBTQ+ rights groups, who say the company didn’t do enough to support her. In June, Bud Light lost its place as America’s best-selling beer after more than two decades, slipping into second place behind Mexican lager Modelo Especial. As Bud Light sales plunged, Anheuser-Busch InBev reported a 10.5% fall in U.S. revenue for this year's second quarter.

Persons: Bud Light, Dana White, influencer Dylan Mulvaney, Bud, Stella Artois, Corona Organizations: UFC, Anheuser, Busch, InBev, Bloomberg, Crypto.com, Modelo Especial, Constellation Brands, Busch InBev, Bud Light Locations: U.S

☆ China's Singles Day sales festival wraps up with e-commerce giants reporting sales growth
▼ + stars: | 2023-10-21 | by ( Casey Hall | Thomson Reuters | Casey Has Reported On China'S Consumer Culture Her Base In Shanghai For More Than A Decade | ) www.reuters.com time to read: +3 min

SHANGHAI, Nov 12 (Reuters) - Alibaba Group (9988.HK) reported that its Chinese e-commerce platforms Tmall and Taobao recorded "positive" year-on-year growth over this year's Singles Day sales period, which wrapped up at midnight on Saturday. Meanwhile competitor JD.com (9618.HK) said its festival GMV (gross merchandising volume) hit a "record high" over the sales period. A Bain and Company report released last week found that 77% of the 3,000 consumers it surveyed had planned to spend less or the same on Singles Day compared with last year. Though several consultancies were predicting Singles Day GMV growth across platforms would reach anywhere from 14% to 18% - returning to double-digit growth for the first time since the pandemic - the final sales picture will take longer to energe. Colour cosmetics, traditionally a strong performer throughout the Singles Day sales period, were expected to struggle this year as make-up demand remains low almost a year after China lifted strict COVID-19 restrictions.

Persons: Taobao, JD.com, Alibaba, Bain, Casey Hall, Simon Cameron, Moore Organizations: Alibaba, HK, PDD Holdings, Company, Nike, Thomson Locations: SHANGHAI, China

FIFA allocated the 2030 World Cup to Spain, Portugal and Morocco last week but also said Uruguay, Argentina and Paraguay would host three matches to mark the tournament's centenary. Victor Matheson, sports economist at College of the Holy Cross in Massachusetts, said the 2030 World Cup proposal was "extremely well done" on FIFA's part. BEER BACK ON TAPThe World Cup in Qatar also had to contend with strict controls on alcohol. Two days before the tournament kicked off, Budweiser, the official beer of the World Cup, had taps at stadiums turned off by Qatari officials. "Like it or not, that's what ends up happening and everyone in the end remembers how great Lionel Messi was and how Argentina won the World Cup," he said.

Persons: Bob Dorfman, It's, Victor Matheson, Matheson, Vijay Setlur, Dorfman, Lionel Messi, Rohith Nair, Aadi Nair, Ahmed Eljechtimi, Toby Davis Organizations: FIFA, Pinnacle Advertising, Reuters, College of, Qatar, Budweiser, Nations, Schulich School of Business, Argentina, Thomson Locations: Spain, Portugal, Morocco, Uruguay, Argentina, Paraguay, North Africa, Europe, Massachusetts, Qatar, Arab, Casablanca, Bengaluru

☆ Uncover: The Kenya skincare brand targeting African skin
▼ + stars: | 2023-10-05 | by ( Nell Lewis | ) edition.cnn.com time to read: +5 min

Uncover – a startup founded by three women in Kenya in 2020 – wants this to change. It has developed a range of cosmetics that serve the needs of African women, says Sneha Mehta, the company’s CEO and co-founder. Jade Oyateru, the startup’s COO and co-founder, explains that while demand for sunscreen is growing among African women, they often complain that it leaves a ghostly white layer on their skin. The African identity carries through to the product’s ingredients, with each one containing a plant grown on the continent. Pan-African skincareUrbanization and a young population are some of main drivers behind the booming African beauty market, but there is still a big gap in knowledge, says Uncover’s Oyateru.

Persons: –, Sneha Mehta, Jade Oyateru, Mehta, Edwin Maina, Technavio, Rubab, Uncover’s Oyateru, ”, we’ve, “, it’s, hyperpigmentation – Organizations: CNN, Euromonitor Locations: Africa, Kenya, Nigeria, South Korea, South Africa, Ghana

☆ Trade between Russia and China is booming so much that shipping containers are ‘piling up’
▼ + stars: | 2023-09-29 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +3 min

CNN —Shipping containers from China are “piling up” in Russia amid a surge of Chinese goods flowing into the country as trade soars, a new analysis has found. Russia has an extra 150,000 shipping containers that importers are scrambling to return to China, logistics platform Container xChange said in a report released Thursday, citing information provided by a customer. “There is significant cargo movement from China into Russia but very scarce movement back to China from Russia. Containers are piling up in Russia which means that the secondhand container prices are very low in Russia,” CEO Christian Roeloffs said in the report. The type of goods exchanged is contributing to the surplus of shipping containers in Russia, according to Container xChange.

Persons: Christian Roeloffs, Vladimir Putin, Xi Jinping Organizations: CNN — Shipping, xChange, Imports, Organization of, Petroleum, International Energy Agency Locations: China, Russia, Ukraine, United States, Moscow, West, Beijing, India, Asia

☆ CLINIQUE & ORIGINS' MICHELLE FREYRE SAYS SHE CELEBRATES HER HISPANIC HERITAGE DAILY
▼ + stars: | 2023-09-18 | 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 EmailCLINIQUE & ORIGINS' MICHELLE FREYRE SAYS SHE CELEBRATES HER HISPANIC HERITAGE DAILYClinique & Origins Global Brands President Michelle Freyre grew up admiring her Latina mother's skin care routine and turned it into a career she's passionate about.

Persons: MICHELLE FREYRE, Michelle Freyre Organizations: Global

☆ Kevin Hart's tequila brand strikes deal with Philadelphia Eagles as spirits push deeper into sports
▼ + stars: | 2023-09-14 | by ( Frank Holland | In Frank-Holland | ) www.cnbc.com time to read: +4 min

When the Philadelphia Eagles kick off their home opener on Thursday Night Football, the NFL team will also start a new sponsorship deal with Gran Coramino, the luxury tequila brand co-founded by comedian, entrepreneur and Philadelphia native Kevin Hart. Hart told CNBC's Frank Holland in an exclusive interview about the agreement. The Eagles hope to seize on the recent success of celebrity spirits brands, and a rise in tequila sales, as many U.S. drinkers drop beer in favor of liquor. Hart told CNBC, "It's a massive win! In recent years, spirits brands have made a push into sports sponsorships with the major American leagues.

Persons: Kevin Hart, Hart, CNBC's Frank Holland, Gran Coramino, Brian Napoli, Jalen, I've, Jaegermeister, Hennessey, Rick Pineda, Jean Baptiste Descours, Hennessy Organizations: Philadelphia Eagles, NFL, Gran Coramino, Philadelphia, Eagles, Lincoln Financial, Global Brands, Corporate, Kansas City Chiefs, CNBC, Budweiser, Brooklyn Trolley Dodgers, Sports, National Hockey League, Major League Baseball, NBA, Spirits, Diageo Locations: Philadelphia, Gran

Terry Gou, Foxconn founder announces his bid for the Taiwan presidency during a press event in Taipei, Taiwan August 28, 2023. Before he announced his bid to run as an independent on Monday, Gou had sought the KMT ticket for the presidency but failed. But his direct language, along with his business acumen, has drawn crowds in pseudo-campaign events across Taiwan that Gou held in the run-up to his announcement. He showed me how to use the touch screen on the spot," Gou said in 2011 about his relationship with Jobs. Gou told Trump he wanted to be a peacemaker between Taiwan, China and the U.S. as Taiwan's president.

Persons: Terry Gou, Ann Wang, Taiwan's Terry Gou, Democratic Progressive Party's, Gou, Sung Wen, APPLE Gou, Foxconn, Steve Jobs, Jobs, reverentially, Xi Jinping, Donald Trump, Trump, Ben Blanchard, Yimou Lee, Sarah Wu, Raju Gopalakrishnan Organizations: REUTERS, Rights, Apple Inc, Foxconn, Democratic Progressive, DPP, Kuomintang, KMT, Taiwan People's Party, National University's Taiwan Studies, APPLE, Hai Precision Industry Co Ltd, Chicago, Atari, Dell, Apple, Sony Corp, Nintendo Co, Microsoft Corp, Communists, Communist Party's, Thomson Locations: Taiwan, Taipei, Rights TAIPEI, China, Beijing, Shanxi, Guangdong, People's Republic of China

☆ The billionaire founder of a key Apple supplier announced his Taiwan presidency run, saying Beijing can't threaten him because of his links with Apple, Tesla, Amazon, and Nvidia
▼ + stars: | 2023-08-28 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

Gou said investors would lose confidence in China if the country confiscated Foxconn's assets. AdvertisementAdvertisementTerry Gou, the billionaire founder of Foxconn — a key supplier to Apple — has thrown his hat into the ring for Taiwan's presidential election. Gou said Beijing — which claimed self-ruled Taiwan as its territory — wouldn't be able to use the businessman's vast empire to influence him. Gou said Foxconn's clients include the most important names on Wall Street, including Apple, Amazon, Tesla, and the current investor-favorite, Nvidia. So, supply chains would be massively disrupted if Beijing confiscated Foxconn's assets, he said.

Persons: Terry Gou, he's, Gou, Foxconn, Apple —, Foxconn —, William Lai Ching, Hou Yu, Ko Wen Organizations: Morning, Apple, Hai Technology, Chinese Communist Party, Nvidia, Communist Party, Bloomberg, Taiwan's, KMT, Democratic Progressive Party, ih, New, Kuomintang, Taiwan People's Locations: Beijing, China, Taiwan, Taipei, Foxconn, New Taipei City

☆ QIA picks stake in Ambani's Indian retail behemoth at $100 bln valuation
▼ + stars: | 2023-08-23 | by ( ) www.reuters.com time to read: +1 min

Shopping trolleys are seen parked outside a Reliance supermarket in Mumbai, India, March 16, 2021. REUTERS/Niharika Kulkarni/File Photo Acquire Licensing RightsBENGALURU, Aug 23 (Reuters) - Qatar Investment Authority will invest 82.78 billion rupees ($1 billion) for about 1% stake in Reliance Retail Ventures, the retail arm of India's Reliance Industries (RELI.NS) valuing the company at $100 billion, the companies said on Wednesday. Headed by billionaire Mukesh Ambani's daughter Isha Ambani, Reliance Retail Ventures houses retail operations, including international partnerships and consumer goods business. Reliance Retail, a unit of Reliance Retail Ventures, was recently valued at $92 billion to $96 billion by two global consultants, a move that could signal an eventual initial public offering of the company. Reliance Retail is India's largest retailer and has been partnering with a slew of global brands to launch and expand their presence in India.

Persons: Niharika Kulkarni, Mukesh Ambani's, Isha Ambani, Andrew Mills, Savio D'Souza Organizations: Reliance, REUTERS, Rights, Qatar Investment, Reliance Retail Ventures, India's Reliance Industries, KKR, General Atlantic, Saudi Public Investment Fund, Sethuraman NR, Thomson Locations: Mumbai, India, Bengaluru, Qatar

☆ I left NYC and bought a house in Montana. I had a big job title but a terrible bank account — now I'm happier and my money goes further.
▼ + stars: | 2023-08-16 | by ( Perri Ormont Blumberg | ) www.businessinsider.com time to read: +6 min

I didn't know a single person in Montana, but after I visited Bozeman, something about it felt like home. I had a big title but a terrible bank account and felt trapped. I look back on my life in NYC and see how anxious and exhausted I was. People are aware of you in a way that they aren't in a big city, where you can blend in. Buying a house in MontanaLester with her friends at her house in Montana.

Persons: Shallon Lester, she's, I've, Lester, Christian Dior, I'm, Montana Lester, Shallon Lester I lucked, Montana I've, I'd, Guys I've, haven't, it's, Lauryn Haas Organizations: Service, Lean, lhaas Locations: New York City, Bozeman , Montana, Montana, Wall, Silicon, California, Bozeman, Manhattan, Manhattan . Bozeman, NYC, Bozeman I'm, Los Angeles

REUTERS/Navesh Chitrakar/File PhotoNEW YORK, Aug 9 (Reuters) - Body Art Alliance is exploring options including a sale that could value the supplier of tattoo and body art products at nearly $1 billion, including debt, according to people familiar with the matter. Representatives for Body Art Alliance and Jefferies declined to comment. Body Art Alliance's move to explore a sale comes amid a global surge in the popularity of body art, especially among the younger generation. The company was launched in 2020 by the founders of four body art companies - FK Irons, Painful Pleasures, NeoMetal and World Famous Ink. It is now affiliated with dozens of global brands that sell tattoo and body art products, which include body ink and piercing equipment, to artists and customers.

Persons: Ravan, Navesh, Jefferies, Abigail Summerville, Leslie Adler Organizations: REUTERS, Alliance, Jefferies, Group Inc, Body Art Alliance, FK Irons, Thomson Locations: Kathmandu, Nepal, Hanover , Maryland, U.S, New York

☆ Starbucks teams up with Blackpink, betting on the power of K-pop
▼ + stars: | 2023-07-19 | by ( Michelle Toh | ) edition.cnn.com time to read: +2 min

Hong Kong CNN —Starbucks is teaming up with Blackpink, one of the world’s hottest musical acts. The centerpiece of the lineup is the Blackpink Strawberry Choco Cream Frappuccino, a drink that is an aptly hued blend of black and pink. Like other major global brands, Starbucks is leaning into the frenzy around K-pop, hoping that it will translate to a boost in sales. The company has partnered with Blackpink before, launching a collection of merchandise in Thailand two years ago. In 2022, the group was named Time magazine’s Entertainer of the Year, becoming just the second K-pop group to receive the title.

Persons: ”, Blackpink, Emma McIntyre, Kan, they’ve, —, Jennie, Jisoo, Lisa, Rosé —, Dior, Bang, Hyuk, “ Organizations: Hong Kong CNN, Starbucks, Coachella, Blackpink, South, Netflix, BTS, Disney, CNN, HYBE Locations: Hong Kong, Indonesia, South Korea, Philippines, Indio , California, Asia, Thailand, South Korean

☆ Encountering the Infuriating, Overwhelming and Unwanted Smart Tech in My Hotel Room
▼ + stars: | 2023-07-11 | by ( Amy Tara Koch | ) www.nytimes.com time to read: +2 min

“Smart TV QR codes get me what I need on my phone, from hotel gym classes to valet parking,” she said, adding that she wishes that rooms had QR codes to leave staff tips. These “guest enhancements,” touted as in-demand by hoteliers and the tech companies that make them, are not in demand by me. Holocaust Memorial Museum, and like me, a frustrated hotel guest. “Here is an entirely new system to waste mental energy upon every single time I travel.”Another quibble with “personalized” hotel rooms? I could care less if a room “knows” that I like Pilates and the thermostat set to a nippy 69 degrees.

Persons: ”, Kara Heermans, Juliana Colangelo, “, Jill Weinberg Organizations: Inc, Hyatt, Marriott, ESPN, Colangelo, Partners, “ Smart, hoteliers, U.S . Holocaust Memorial Museum Locations: Miami

Reliance Retail includes Ambani's core retail businesses, including digital and brick-and-mortar stores. It is fully owned by Reliance Retail Ventures, which also houses other retail operations such as international partnerships and the billionaire's consumer goods business. In 2020, Reliance Retail Ventures raised 472.65 billion Indian rupees ($5.72 billion) by selling a 10.09% stake, valuing it at roughly $57 billion based on current exchange rates. EY valued Reliance Retail at 884.03 rupees per share, while BDO valued it at 849.08 rupees, the source said. Reliance Retail has in recent years partnered with a slew of global brands to launch and expand their presence in India.

Persons: Mukesh Ambani, valuers, Ambani, Tiffany, Aditya Kalra, Sriram, Chris Thomas, Savio D'Souza, Louise Heavens, Mark Potter Organizations: Reliance, Reuters, BDO, EY, Reliance Retail Ventures, KKR, Saudi Public Investment Fund, General Atlantic, Reliance Retail, Burberry, Thomson Locations: DELHI, India, New Delhi, Mumbai, Bengaluru

☆ Chinese automakers to take majority of home market for first time - forecast
▼ + stars: | 2023-07-05 | by ( ) www.reuters.com time to read: +3 min

It would represent the first time Chinese automakers have controlled a majority share of China's car market - the world's largest. For the past four decades, China's auto market has been dominated by established global brands such as VW and Toyota operating in joint ventures with Chinese partners. AlixPartners forecast China's overall auto sales would grow 3% this year to 24.9 million vehicles, recovering to the level of sales before COVID-19. Dyer forecast annual sales of Chinese-branded cars in overseas markets would grow to 9 million vehicles by 2030. China's market also faces massive overcapacity, and Dyer forecast a wave of consolidation.

Persons: Jason Lee, AlixPartners, Tesla, Stephen Dyer, Dyer, haven't, Zhang Yan, Kevin Krolicki, Devika Organizations: REUTERS, VW, Toyota, HK, Xpeng Motors, Thomson Locations: Beijing, China, Japan, U.S, Asia, Europe, South America, South East Asia, South Asia, Shanghai, Singapore

HANOI, June 29 (Reuters) - Vietnam on Thursday reported faster economic growth in the second quarter, driven by the services sector, despite a slump in exports. Gross domestic product (GDP) in the second quarter grew 4.14% from a year earlier, faster than the 3.28% expansion seen in the first quarter, the General Statistics Office (GSO) said in a report. First quarter growth was revised down from 3.32%. The services sector grew 6.11% in the second quarter from a year earlier, while the agricultural sector grew 3.25%, and the manufacturing and construction sector expanded 2.50%, the GSO said. "The government's policies to encourage domestic consumption and promote tourism have contributed to the growth of the services sector," the agency said.

Persons: Kanupriya Kapoor Organizations: Gross, General Statistics Office, Thomson Locations: HANOI, Vietnam

☆ Brands focus on stories in refining China livestreaming to boost profits
▼ + stars: | 2023-06-28 | by ( Casey Hall | Thomson Reuters | Casey Has Reported On China'S Consumer Culture Her Base In Shanghai For More Than A Decade | ) www.reuters.com time to read: +6 min

[1/5] Livestreaming sessions by Chinese livestreamers Li Jiaqi and Viya, whose real name is Huang Wei, (L) are seen on Alibaba's e-commerce app Taobao displayed on mobile phones in this illustration picture taken December 14, 2021. Stellar growth boosted by the COVID-19 pandemic saw the industry employ more than 1.23 million livestream hosts by 2020, says researcher iResearch, along with numerous accompanying livestream-related training academies and agencies. While Tmall and Li Jiaqi remain powerful, brands moving away from that strategy are cutting reliance on massive discounts and even his famous exhortation, "Oh my god! Liu once thought her brand's price point of about 2,000 yuan ($277) for its dresses made it incompatible with bargain-heavy livestreaming. The dominance of pureplay sales platforms such as Alibaba's Tmall and Taobao, along with JD.com (9618.HK), is increasingly challenged by entertainment and information-led platforms such as Douyin and Xiaohongshu.

Persons: Li Jiaqi, Huang Wei, Florence Lo, Apple's, William Lau, Clyde, iResearch, Jacob Cooke, Li, Liu, Hugo Boss, superhost Viya, Lexie Moris, Betty, Casey Hall, Miyoung Kim, Clarence Fernandez Organizations: REUTERS, Apple Watch, HK, Tmall, Thomson Locations: SHANGHAI, China, Beijing, Asia, Pacific, Douyin

Electric vehicles drove that change. In the first quarter of 2023, Russians purchased more Chinese cars than Lada, the beloved Soviet-era marque. That helps Chinese manufacturers churn out an electric vehicle for around 10,000 euros less than European competitors, according to Grant Thornton. Among the growing list of unwelcoming policies, the European Commission’s trade defence unit is considering ways to stem the tide of Chinese electric vehicle imports, according to Politico. How far China’s carmakers can make inroads further West will be decided by much more than assessments of their competency.

Persons: Bill Russo, Nio, Grant Thornton, Bernstein, Emmanuel Macron, CATL, Una Galani, Thomas Shum Organizations: Reuters, HK, Volkswagen, World Trade Organization, International Energy Agency, Global Times, Beijing, Lada, Chery, Amperex Technology, Politico, Ford Motor, Toyota, Nissan, Twitter, Thomson Locations: HONG KONG, BYD, People’s Republic, Europe, China, Shanghai, Hong Kong, New York, Japan, London ., European, United States, North America, France, Thailand, West

☆ The Global Brands Coming to a Shopping Mall Near You
▼ + stars: | 2023-06-07 | by ( Trefor Moss | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ Nvidia and A.I. are hot — and BofA says these 3 global stocks are also worth the buzz
▼ + stars: | 2023-05-30 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

In a May 25 note, BofA said Nvidia's "rosy outlook" when it comes to data centers and AI has reaffirmed its positive view on the AI server hardware supply chain. "Still, we view AI server as one of the most solid/visible drivers for Greater China hardware tech supply-chain," BofA analysts wrote. Stock picks BofA is sticking to its "buy" ratings on these three Taiwanese tech stocks. Lite-On Tech : BofA is bullish on shares of this electronic components supplier, which produces parts for the semiconductor industry, among other products. That's because of rising AI server demand, its increasing sales mix from cloud and the "artificial intelligence of things" trend.

☆ Buy these 14 'boring' stocks that are set up for strong long-term growth, according to a pair of fund managers in the top 1% this year
▼ + stars: | 2023-05-20 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

Leading fund managers Brian Yacktman and Elliott Savage broke through by sticking to their strategies. The pair looks for growth stocks that have pricing power and aren't too expensive. 14 top stocks to buy nowInvestors in search of those so-called boring stocks with steady growth, pricing power, and reasonable valuations are in luck. The fund managers like Mastercard (MA) and Visa (V), which function very much like toll collectors in the global payments space. Both enjoy the tremendous advantage of scale that wards off would-be competitors and positions them for future growth, in the fund managers' view.

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