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☆ Poland is debating an end to its near-total abortion ban, setting up a heated political fight
▼ + stars: | 2024-04-11 | by ( Rob Picheta | ) edition.cnn.com time to read: +7 min

Though fraught with obstacles, the decision to bring abortion back to the fore was one Tusk had to make. Donald Tusk leads a broad coalition which is divided on how to tackle the issue of abortion. Third Way lawmakers have also supported a referendum on changes to the abortion law, a potentially long-running saga that Tusk is eager to avoid. Poland’s near-total abortion banThe move by PiS to dramatically toughen already restrictive abortion laws in 2020 set off a heated fight in Polish politics whose ruptures are still closely felt. That effort was blocked by opposition lawmakers, many of whom now find themselves in Tusk’s coalition.

Persons: Donald Tusk’s, Tusk, Andrzej Duda, Lewica, Donald Tusk, Omar Marques, ” Izabela, PiS, liberalize, Szymon Holownia, Wojtek Radwanski, President Duda, Leszczyna, TVP, Duda, Tusk’s Organizations: CNN, European Union, Getty, Justice, Poland’s, Health, TVP, Ministry, Third, stoke Locations: Poland, Europe, Polish, Poland’s, Warsaw, AFP

☆ I owned the Fisker Ocean. It was a nightmare.
▼ + stars: | 2024-03-31 | by ( Grace Kay | ) www.businessinsider.com time to read: +7 min

Earlier this year, YouTuber Marques Brownlee said the Fisker Ocean was the "worst car I've ever reviewed." I thought the Fisker Ocean was a great option, based on the price and a nice marketing message around the sustainability of the vehicle. I reported the issue to Fisker right away and I struggled to get them to come out and service it. FiskerAt first, Fisker sent out a roadside assistance guy to jump the car and the car wouldn't jump. Regarding the owner's seat-sensor issue, the Fisker spokesperson said the seat sensor was a "routine fix for some early vehicles."

Persons: YouTuber Marques Brownlee, he'd, Brownlee, Fisker, —, Elon Musk, they'd, It's, wasn't, I'd, YouTuber Marques Organizations: Service, Business, PACE, Magna Locations: Carmax

☆ You can buy this electric luxury SUV for $25,000 right now. But there might be a catch
▼ + stars: | 2024-03-27 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +3 min

CNN —For sale: A brand new luxury electric SUV for the holy-grail price of $25,000. The California-based electric SUV company Fisker faces a real possibility of bankruptcy, and its stock is hovering just over 2 cents a share, far below its 2021 peak of $28.50. Prices for Fisker’s Ocean SUV have been cut by as much 39%. His video was titled, “This is the Worst Car I’ve Ever Reviewed.”“Do not buy this version of the Fisker Ocean,” reads the video’s description. Fisker has said that problems with early versions of the vehicles’ software caused some of the negative responses.

Persons: hasn’t, Marques Brownlee, ”, Fisker, Henrik Fisker Organizations: CNN, American YouTube, Consumer, Magna Steyr, Magna Locations: California, American, Danish, United States, Europe, Austria

☆ Apple exec reminds us that the original iPhone was way smaller than you remember
▼ + stars: | 2024-03-26 | by ( Ana Altchek | ) www.businessinsider.com time to read: +3 min

Joz said people thought the iPhone was huge back then, but now the iPhone 15 has a massive display. Advertisement"Go back and look at the original iPhone," Joz said in the interview. "And now you look at this you know, massive beautiful display and edge to edge, it's just pretty damn sweet, Brian," Joz said, referring to his iPhone 15 (the marketing exec naturally took the opportunity to say the iPhone 15, iPhone 15 Pro, and iPhone 15 Max were his top three iPhones). In comparison to the original iPhone, the iPhone 15 Pro Max is nearly double its size, with a 6.69-inch screen frame. Later that same year, a factory-sealed 4GB original iPhone fetched $190,372.80 at auction — more than 317 times the original price tag.

Persons: Greg, Joz, Steve Jobs, Tim Cook, —, Apple's, Joswiak, Brian Tong, Brian, Max, Jobs, YouTuber Marques Brownlee Organizations: Apple, Service

☆ Fisker shares halted as EV company navigates uncertain future
▼ + stars: | 2024-03-25 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +3 min

CNN —Shares of Fisker, a California-based electric vehicle startup, were halted Monday. Its sole product, the Fisker Ocean electric SUV, was produced in Austria under contract by third-party manufacturer Magna Steyr. Last year, 10,000 SUVs were produced but, in its earnings report, the company said only about half had been delivered to customers. The video was titled, “This is the Worst Car I’ve Ever Reviewed.”“Do not buy this version of the Fisker Ocean,” reads the video’s description. But, besides its own quality issues, Fisker had to deal with much greater competition from established automakers than had existed when the company was established.

Persons: Fisker’s, Fisker, Henrik Fisker, Marques Brownlee, ” Organizations: CNN, Reuters, Nissan, Magna Steyr, Mercedes, BMW, EV, American YouTube, Consumer, Automotive News, Hyundai, Kia, Ford, General Motors Locations: California, Alaska, Austria, Ohio, American

☆ The Tesla Cybertruck can be difficult to maneuver, auto expert says
▼ + stars: | 2024-03-16 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

AdvertisementAuto expert Sandy Munro took a Tesla Cybertruck on a mini road trip and had one main complaint — the truck can be difficult to maneuver at times. Instead, Tesla has a rearview camera that displays on the truck's massive infotainment system. The auto expert is far from the first to express frustration with backing up in the Cybertruck. "A camera feed constantly runs on the center screen, but I still checked the rearview mirror out of habit every few minutes." "You have to be cognizant all the time that this is a big truck," Munro said of the Cybertruck.

Persons: Sandy Munro, —, Tesla, Munro, I've, Pharrell Williams, Clint Simone, Edmunds, MotorTrend, Scott Evans, Marques Brownlee Organizations: Service, Ford Locations: CybertruckATX, Grand Rapids , Michigan

☆ EV maker Fisker’s stock dives after company reportedly explores bankruptcy
▼ + stars: | 2024-03-13 | by ( Samantha Delouya | ) edition.cnn.com time to read: +2 min

CNN —Electric vehicle company Fisker’s stock plunged more than 40% in after-hours trading on Wednesday as investor concern about the company’s ability to stay in business intensified. The Ocean is built in Austria by Magna, a company that has also built vehicles for Mercedes-Benz, BMW and Jaguar. Brownlee’s video has racked up more than 4.5 million views so far and sent the stock plunging after its release. Fisker’s stock was trading at 32 cents a share at the close of trading Wednesday, a more than 80% decline since the start of 2024. Fisker is founder Henrik Fisker’s second car company.

Persons: Fisker, Marques Brownlee, madeh, ”, Henrik Fisker’s, Hurricane Sandy Organizations: CNN —, Wall Street, Magna, Mercedes, Benz, BMW, YouTube, Fisker Automotive, Hurricane Locations: Austria, American

☆ Look closely: Tesla's video celebrating a Mustang EV using its Supercharger hides a potential pain point for other drivers
▼ + stars: | 2024-03-04 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

15,000+ Tesla superchargers available for non-Teslas with an adapter starting todayOn the downside: Did you catch it? Many automakers have switched to Tesla's charging technology over the past year. Tesla's charging network is one of its biggest advantages over EV rivals — from faster and more accessible charging stations to more amenities. Non-Tesla EV owners can charge at updated Superchargers that have a Magic Dock adapter. On Thursday, Tesla opened V3 chargers to Ford owners who can use a NACS adapter supplied by Ford, according to Tesla's website.

Persons: —, Tesla, Marques Brownlee, Brownlee, ITuxtLsDju — Marques Brownlee, Elon Musk Organizations: Service, Ford, Business, Ford EV, Tech, Tesla EV, EV, — Locations: New York

☆ How Nvidia's AI strengths are enhancing the businesses of Alphabet, Microsoft, Meta, Amazon
▼ + stars: | 2024-02-22 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

There are "major companies and verticals that have not even considered the H100" yet, he added, referring to Nvidia's AI must-have GPU. A few weeks ago, we combed through the latest earnings reports from Google-parent Alphabet, Microsoft, Meta Platforms and Amazon to see how their AI spending plans are benefitting Nvidia. After Wednesday evening's killer quarterly release, Nvidia talked about how it is helping the businesses of fellow Club names Google, Microsoft, Meta and Amazon. Alphabet continues to heavily invest in AI applications to improve the performance of its services including Google DeepMind, Google Services, Gemini, and Google Cloud. "Nvidia DGX Cloud will expand its list of partners to include Amazon's AWS, joining Microsoft Azure, Google Cloud and Oracle Cloud.

Persons: Jim Cramer, Jim, Jensen Huang, Colette Kress, Kress, Mark Zuckerberg, we've, Gemma, Satya Nadella, Copilot, Jim Cramer's, Omar Marques Organizations: Nvidia, Google, Microsoft, Meta, Companies, Nvidia H100s, Google Services, Gemini, Management, Amazon's AWS, Oracle, NVIDIA, Amazon Web Services, CNBC, Getty

☆ That airless Wilson basketball you see influencers trying out? It costs $2,500, and it's already sold out.
▼ + stars: | 2024-02-20 | by ( Jordan Hart | ) www.businessinsider.com time to read: +2 min

Wilson created a futuristic airless basketball that's getting all the hype on social media, and the $2,500 price tag didn't stop it from selling out. The limited edition Airless Gen 1 is a 3D printed basketball that allows air to pass through it — unlike a traditional basketball that's pumped with air. Wilson's airless basketball is getting a lot of hype online. The most immediate difference between the Airless Gen 1 and a regular basketball — other than appearance — is the sound. Time will tell if the Airless Gen 1 will become a collectible or the foundation of a new era of basketball.

Persons: Wilson, it's, Marques Brownlee, weren't, Wilson didn't Organizations: that's, Business, NBA, New

☆ A premium only airline will start giving some passengers Apple Vision Pros instead of its regular in-flight entertainment
▼ + stars: | 2024-02-16 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

Beond announced it will give the Apple Vision Pro to select passengers on its flights. AdvertisementAn airline operating only business class services has announced plans to give an Apple Vision Pro to "select passengers" on some of its flights. "Offering the Apple Vision Pro is another step in our vision of delivering a premium travel experience to our customers, from the start to finish of their journey." And Marques Brownlee, the tech-review YouTuber, said using the Vision Pro on a plane was the aspect he was most excited about. AdvertisementSo as it's going up against airlines that offer first-class seats with enormous screens, the Vision Pro is something that could give it an edge.

Persons: Beond, —, Tero Taskila, Pete Syme, Marques Brownlee Organizations: Apple, Service, Emirates Locations: Maldives, Dubai

☆ Brazilian Police Seek Husband in Murder of Noted Art Dealer
▼ + stars: | 2024-02-12 | by ( Zachary Small | ) www.nytimes.com time to read: +1 min

Brazilian police investigating the murder of Brent Sikkema, a prominent New York art dealer who was found stabbed to death last month in his Rio de Janeiro apartment, are now seeking the arrest of his husband, Daniel Sikkema. It was a shocking twist in a case that has captivated the art world. A lawyer for Daniel Sikkema, Fabiana Marques, said that he was innocent and that he remained in New York, where he was “shocked” by the latest development. When Brent Sikkema was found slain in Rio, investigators said that at least $40,000 had been stolen. (The police originally identified Mr. Prevez with the surname Trevez.)

Persons: Brent Sikkema, Daniel Sikkema, Jeffrey Gibson, Fabiana Marques, ”, Alejandro Triana Prevez, Prevez Organizations: Venice Biennale Locations: New York, Rio de Janeiro, United States, Venice, Rio

☆ Tech YouTuber says Tesla's refreshed Model 3 is more luxurious: 'It kind of feels like a mini Model S'
▼ + stars: | 2024-02-02 | by ( Grace Kay | ) www.businessinsider.com time to read: +2 min

YouTuber Marques Brownlee gave Tesla's updated Model 3 a glowing review. Brownlee called the EV a "mini Model S" and said it was more luxurious than the original Model 3. The refreshed Model 3, also called the Model 3 Highland, hit the US last month. AdvertisementTech YouTuber Marques Brownlee tested out Tesla's updated Model 3 and gave a glowing review. Tesla first announced the refreshed Model 3 — unofficially called the Model 3 Highland — in 2023.

Persons: YouTuber Marques Brownlee, Brownlee, —, Marques Brownlee, Tesla, he'd Organizations: Service, Tech, —

☆ A Goldman Sachs-backed electricity firm is making a play to reach more Americans’ homes
▼ + stars: | 2024-02-02 | by ( Hugh Son | ) www.cnbc.com time to read: +5 min

That covers energy networks, mostly in the Northeast, that provide electricity for 190 million Americans, according to federal data. It also gets Goldman into an industry, albeit through an intermediary, that critics have called a hotbed of consumer abuse. The startup, which began offering retail energy plans to Texans in 2021, avoids the teaser rates and hidden fees of rivals, it has said. "Many of those companies operate businesses that serve retail customers. Private equity firms have transformed the energy landscape in the nation's largest power markets.

Persons: Omar Marques, Goldman Sachs, Goldman, watchdogs, James Bride, Marcus, David Solomon, Dennis Wamsted, Tyson Slocum Organizations: Lightrocket, Getty, Energy, CNBC, Texans, U.S . Energy Information Administration, New, Institute for Energy Economics, Utilities, Federal Energy Regulatory, Street, Public Citizen Locations: Texas, Houston, New York, Pennsylvania, New Jersey, Maryland

☆ A Palestinian restaurant in New York hosted a free Shabbat dinner. Over 1,300 people showed up.
▼ + stars: | 2024-01-31 | by ( Talia Lakritz | ) www.businessinsider.com time to read: +8 min

Owner Abdul Elenani hosted a Shabbat dinner to foster dialogue and thank those who stood by him. Fluffy pita was piled next to enormous loaves of challah bread, a traditional Jewish Shabbat dinner staple. Over 1,300 people showed up to Ayat's free community Shabbat dinner. A range of perspectivesAyat's Shabbat dinner attracted people from various backgrounds and perspectives who may not normally have shared a meal together. If Ayat's packed Shabbat dinner is any indication, people are hungry for such spaces now more than ever.

Persons: Abdul Elenani, —, pita, Ayat, Talia Lakritz, Yousef Munayyer, Elenani, we're, it's, I'm, Masoud, Paula Rackoff, Myriam Marques, Abby Stein, Ellen Lippmann Organizations: Service, Defamation League, Facebook, New York Post, Physicians for Human Rights, Racial, Economic Locations: Palestinian, NYC, Israel, Ditmas, New York City, Palestine

☆ Beautycounter’s founder sold the $1 billion business and lost her job—now she’s back as CEO: 'Failure is not an option'
▼ + stars: | 2024-01-31 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +4 min

Gregg Renfrew built a billion-dollar brand, only to end up on the outside looking in after investors brought in a replacement CEO. Renfrew, 55, founded clean beauty brand Beautycounter in 2011 with the mission of disrupting the cosmetics industry by only selling products made without "questionable or harmful chemicals." Along the way, Renfrew and Beautycounter raised more than $93 million from investors, according to Crunchbase. Renfrew: It was really, really difficult. I sold the business right before the world opened up with Covid and so much was changing and swirling around.

Persons: Gregg Renfrew, Beautycounter, Carlyle, Renfrew, Marc Rey, Martha Stewart, Rey, burnishing, Renfrew's, Carlyle Roberto Marques, it's, It's, you've Organizations: CNBC, Ulta, Carlyle Group Locations: Renfrew, New York, Denver, U.S, Washington

☆ Analysis: In Poland, Donald Tusk is spoiling for a fight. His populist opponents are hitting back
▼ + stars: | 2024-01-27 | by ( Rob Picheta | ) edition.cnn.com time to read: +11 min

The country’s public television channel, TVP, which essentially became a mouthpiece for the previous government, has been ripped off the air. Omar Marques/Getty ImagesBut Tusk – a politician with a reputation for pragmatism and restraint – showed his intentions within days of taking office. “It became symbolic of the excesses of the PiS government,” Bill said of TVP’s transformation into a Hungarian-style state-captured medium. “One of the unifying forces of PiS supporters is distrust, or even hatred, of Donald Tusk,” Kucharczyk said. Nonetheless, after eight years of populist rule that hardened the battle lines of Polish politics, much of the public is spoiling for a fight.

Persons: Donald Tusk, ”, “, Jacek Kucharczyk, Tusk, ’, Kucharczyk, Stanley Bill, Bill, “ It’s, Andrzej Duda, PiS, Omar Marques, –, Duda, ” Bill, ” Kucharczyk, TVP, ” Tusk, Ursula von der Leyen, Tusk’s, Jaap Arriens, messier Organizations: CNN, Law, Justice, of Public Affairs, Polish Studies, University of Cambridge, TVP, Twitter, National Media Council, Police, European Union, “ Locations: Poland, Polish, Warsaw, Hungarian, Tusk’s, Brussels, TVP

☆ Comcast tops revenue and profit estimates despite broadband subscriber losses, raises dividend by 7%
▼ + stars: | 2024-01-25 | by ( Alex Sherman | ) www.cnbc.com time to read: +2 min

"For the third consecutive year, we generated the highest revenue, adjusted EBITDA and adjusted EPS in our company's history," Comcast Chief Executive Officer Brian Roberts said in a statement. Comcast lost 34,000 domestic broadband subscribers — less than the average analyst estimate of about 62,000 as compiled by StreetAccount. Average revenue per user jumped 3.9% as customers connected more devices and spent more for higher Internet speeds. The company lost 389,000 video subscribers -- a narrower loss than the average analyst estimate of nearly 458,000. Theme parks adjusted EBITDA rose 11.6% to $872 million, which trailed analyst estimates of roughly $897 million.

Persons: Omar Marques, Brian Roberts, Brian L, Roberts, StreetAccount Organizations: Lightrocket, Getty, Comcast, LSEG, Revenue, Parks Locations: U.S

The Ely Shoshone, Duckwater Shoshone, and the Confederated Tribes of the Goshute Reservation — a coalition representing about 1,500 enrolled tribal members — are lobbying the federal government to designate nearly 40 square miles (100 square kilometers) as Bahsahwahbee National Monument. He testified in a multi-decade legal battle alongside ranchers, local officials and environmental groups who all opposed the project by the Southern Nevada Water Authority. Protecting water for sacred trees is not something the agency had previously done, Sullivan said. Even if the land becomes a national monument, the water beneath Bahsahwahbee would remain under the state’s jurisdiction. The Southern Nevada Water Authority supports a monument designation that allows for the continuation of existing ranching and agricultural activities, said Bronson Mack, water authority spokesman.

Persons: ELY, — White, ”, Warren Graham, Mamie Swallow, Spilsbury, Charlene Pete’s, —, ” Pete, Ely Shoshone, Alvin Marques, David Charlet, ” Charlet, Adam Sullivan, Sullivan, Neal Desai, Bahsahwahbee, Graham, Bronson Mack, Avi Kwa, Joe Biden, Catherine Cortez Masto, Jacky Rosen, Deb Haaland, Cortez Masto’s, Monte Sanford, “ Organizations: Rocky, Ely Shoshone, Southern Nevada Water Authority, College of Southern, Nevada Division of Water Resources, Southern, Southern Nevada Water, National Park Service, National Parks Conservation Association, National Register of Historic Places, Land Management, The Southern, The Southern Nevada Water Authority, Nevada Legislature, United, Associated Press, Walton Family Foundation, AP, Press, Lilly Endowment Inc Locations: Nev, Nevada, Ely, Duckwater Shoshone, ”, Bahsahwahbee, Vegas, College of Southern Nevada, Southern Nevada, The, The Southern Nevada, Arizona, U.S, United States

☆ Apple Vision Pro has an iPhone-sized battery pack — and there are already belt holsters for sale
▼ + stars: | 2024-01-19 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +2 min

Apple's Vision Pro headset is taking preorders. AdvertisementThe Apple Vision Pro headset for spatial computing (do NOT call it "virtual reality") is almost finally here. Apple Vision Pro 2024 pic.twitter.com/qX9BJM7eDN — Marques Brownlee (@MKBHD) January 16, 2024Wired noticed that this tactic allowed Apple to obscure a sort of not-so-cool aspect of the headset: the bulky battery pack. The Vision Pro battery, which supposedly is pocket-sized. Apple is selling a $49 Belkin case for the battery pack that clips onto your belt.

Persons: Belkin, —, qX9BJM7eDN — Marques Brownlee, Apple Lauren Goode, Goode Organizations: Service, Apple, Wired, Vision

☆ Elon Musk's latest Tesla robot video shows it folding a shirt, but some viewers were quick to question how the video was made
▼ + stars: | 2024-01-15 | by ( Kali Hays | ) www.businessinsider.com time to read: +3 min

Elon Musk posted a video of the Tesla robot Optimus appearing to fold a shirt. AdvertisementElon Musk admitted that a video showing Tesla's Optimus robot folding a shirt is "not yet" possible, leaving online observers to wonder how the video was created at all. In a short video posted Monday to X, formerly known as Twitter, the Tesla robot stands at a table, slowly folding a black shirt, seemingly without assistance. Musk simply said of the video, "Optimus folds a shirt." Musk has shared videos of Tesla's Optimus robot in the past performing tasks like yoga stretches, squats and picking up an egg.

Persons: Elon Musk, Musk, —, 3F5o3jVLq1 — Elon, Marques Brownlee, Brownlee, Tesla, Gromit, Lex Friedman Organizations: Service, Twitter, Tesla, Wallace

☆ AI Has a Trust Problem. Can Blockchain Help?
▼ + stars: | 2024-01-13 | by ( Isabelle Bousquette | ) www.wsj.com time to read: +1 min

Blockchain is best known as the ledger of cryptocurrencies. Some tech vendors say the technology could track in granular detail the data that artificial intelligence is trained on, and could be useful when AI churns out dubious results. Photo: Omar Marques/Zuma PressThe difficulty of ensuring artificial intelligence algorithms are safe, unbiased and accurate is turning some companies to a technology once hyped as transformative, but that has failed to catch on in business: blockchain. Known for underpinning bitcoin and other cryptocurrencies, blockchain is a data structure that makes it possible to create a digital ledger of transactions and share it among a network of computers. Once a transaction is made, the blockchain remains an immutable record of it.

Persons: Blockchain, Omar Marques Organizations: Zuma

☆ Spot ETFs offer an easier and cheaper way to invest in bitcoin
▼ + stars: | 2024-01-10 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +3 min

Though approval of multiple spot bitcoin ETFs translates to increased fee competition and a way out for current GBTC investors, many traders would take a capital gains tax hit if they exited their GBTC position to purchase another ETF. watch nowWhether the appetite for spot bitcoin ETFs is overblown is another key concern among investors. "Gold ETFs are currently 1.4% of above ground (investible) gold," the JPMorgan analysts wrote. "We believe that the cryptocurrency markets are pricing in an optimistic impact from Bitcoin ETFs that is likely to fall short of expectations." WATCH: SEC approves 11 bitcoin spot ETFs

Persons: Omar Marques, Emilie Choi, GBTC, Bryan Armour, Bernstein, CNBC's Jordan Smith Organizations: Lightrocket, Getty, U.S . Securities, Exchange Commission, BlackRock, Fidelity, North America, Morningstar, Research, JPMorgan, Mizuho, SEC Locations: U.S

☆ Coinbase secures crypto license in France, pushing deeper in Europe amid rift with the SEC
▼ + stars: | 2023-12-21 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

POLAND - 2023/08/01: In this photo illustration, a Coinbase logo displayed on a smartphone with stock server lights in the background. France's AMF watchdog gave Coinbase a virtual asset service provider (VASP) approval, which is effectively a green light for the company to operate digital currency services in France. The VASP registration will allow Coinbase to offer custody of digital assets, buying or selling digital assets in legal tender, trading of digital assets against other digital assets, and operating a digital asset trading platform, the company said in a statement Thursday. The European Union has been working to introduce its Markets in Crypto Assets (MiCA) regulation, which would create a harmonized framework for crypto companies to operate in a regulated way in the bloc. Under MiCA, rather than having to secure registration in every EU market, crypto companies will eventually be able to use their VASP license in one country and "passport" into other countries to offer their services across the EU.

Persons: Omar Marques, Coinbase Organizations: Getty, France's AMF, European, Crypto Locations: POLAND, France, Europe, European Union

☆ Bernstein names Amazon its 'best idea' for internet stocks in 2024. We see a lot to like, too
▼ + stars: | 2023-12-05 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Club holding Amazon (AMZN) is a stock to own going into 2024, with the ecommerce giant poised for further profitability, according to Bernstein Research — a view we enthusiastically share. Bernstein on Tuesday named Amazon its "best idea" in the internet space for 2024, citing acceleration in its cloud business, cost discipline, digital advertising growth, and its continued leadership in ecommerce. The firm has an outperform rating on Amazon stock, with a price target of $175 a share. Amazon stock closed up 1.4% on Tuesday, to settle at $146.88 a share. AMZN YTD mountain Amazon stock performance year-to-date.

Persons: Bernstein, Jim Cramer, Jim, he's, Amazon's, Jim Cramer's, Omar Marques Organizations: Bernstein Research, CNBC, Lightrocket, Getty Locations: ecommerce

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