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☆ The minds behind JPMorgan's AI-driven ETF share the high-yielding strategy that's helped it beat 94% of its human-powered peers this year — and the 7 investments they're making now
▼ + stars: | 2023-08-22 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

The JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) is dominating the competition. Of course, Reiner and his colleagues, Eric Moreau and Andrew Stern, aren't complaining about their fund's 22.6% rise in 2023. It's hard to poke holes in JPMorgan's growth-focused income ETF. JPMorgan's income-focused ETF uses an AI model that gathers and sorts through a treasure trove of information, especially financial statements, to help find suitable investments. Other than putting a premium on income and using AI to find standout stocks, a pair of traits that make JPMorgan's income ETF sing are its transparency and its liquidity.

Persons: Hamilton Reiner, Reiner, Eric Moreau, Andrew Stern, aren't, what's, it'll, Morningstar, —, I'm, Moreau, Stern didn't, they've, Bonds, — it's, it's, Moreau spotlighted, he's Organizations: JPMorgan Nasdaq Equity, Nasdaq, JPMorgan, NXP Semiconductors, NextEra Energy, NextEra Locations: Netherlands, Florida

☆ CNBC Daily Open: There is an alternative
▼ + stars: | 2023-08-15 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Nvidia Stock Soar | Future Publishing | Getty ImagesThis 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. Rather, it was "a pause that refreshes" — a healthy adjustment to "oversold market conditions," Stoltzfus wrote. "Fixed income just looks relatively attractive, especially [relative to] where [we] were just a couple of years ago," said Kevin Gordon, senior investment strategist at Charles Schwab . Whatever choice investors make, then, it's made under a backdrop of heathy conditions — something rare since the pandemic.

Persons: chipmakers, that's, Oppenheimer, John Stoltzfus, Stoltzfus, Kevin Gordon, Charles Schwab, Ashish Shah, it's, Adam Crisafulli Organizations: Nvidia, Future, CNBC, Dow Jones, Nasdaq, Treasury, Goldman Sachs Asset Management Locations: Hangzhou, China, U.S

Save an extra $50 with this Galaxy Watch 6 dealThe additional $50 off is only available at the Samsung store links below. Samsung Galaxy Watch 6 The Samsung Galaxy Watch 6 has all the makings of an excellent Wear OS smartwatch and retains the wealth of health sensors it's known for. Samsung Galaxy Watch 6 Classic The Samsung Galaxy Watch 6 Classic is the fashionable pick for those who wear their smartwatches more as a style statement. The Wear OS watch reintroduces a physically rotating bezel for the first time since the Galaxy Watch 4. Everything you get with the Galaxy Watch 6As we've come to expect from Samsung's annual smartwatch refreshes, the Galaxy Watch 6 family boasts an array of impressive features.

Persons: We've, we've, there's, Galileo Organizations: Samsung, Galaxy Watch, Galaxy, Samsung Galaxy Watch, Samsung Galaxy, Bluetooth, Google

CNN —A blistering and deadly heat wave in Italy this week could break records, with temperatures predicted to soar past 45 degrees Celsius (113 Fahrenheit) in some parts of the country. The warning comes on the heels of a report published in Nature on Monday, which found that last year’s heat wave killed 61,672 people in Europe. The heat wave is also affecting other European countries including France, Germany and Spain. This heat wave follows another one in Spain in April, which saw temperatures soar to 38.8 degrees Celsius, smashing the previous national monthly record. Scientists found that this heat wave – which also affected Portugal, Morocco and Algeria – was made 100 times more likely by the human-caused climate crisis.

Persons: ” Luca Mercalli, Nicola Fratoianni, ” Fratoianni, Giuseppe Napolitano, Emanuele Perrone, Mercalli, Gregorio Borgia, Cerberus, Algeria – Organizations: CNN, Italian Meteorological Society, Twitter, Health Locations: Italy, Italian, Lodi, Rome, Tempio Pausania, Sardinia, Europe, Florence, Bologna, Nature, United States, Sicily, France, Germany, Spain, Portugal, Morocco, Algeria

☆ June inflation data will be closely watched by investors in the week ahead
▼ + stars: | 2023-07-07 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

Investors are turning their attention to inflation data in the week ahead, following this week's hot jobs data, to further clarify the path of future monetary policy. Market participants are hoping next week's release of the June consumer price index on Wednesday, as well as last month's producer price index on Thursday, will show a downward trajectory in inflation after this week's strong ADP data spurred investor fears of further rate hikes ahead. Broadly speaking, investors are pricing in another quarter point rate hike at the July meeting. Of note, stocks tumbled Thursday after hotter-than-expected ADP data suggested the Federal Reserve has further to go in its tightening campaign. FactSet data shows analysts expect S & P 500 earnings fell 7% in the second quarter against the same quarter a year ago.

Persons: James Ragan, Davidson, Hogan, Rhys Williams, Williams, you've, Davidson's Ragan, Citigroup startegists, Wells, UnitedHealth, Michael Barr Organizations: Traders, Federal Reserve, Riley, Dow Jones Industrial, Treasury, Asset Management, JPMorgan, Citigroup, JPMorgan Chase, BlackRock, Dow, PepsiCo, Delta Air, Conagra, Delta Air Lines, Fastenal Locations: Wells Fargo, Cintas, UnitedHealth

It's difficult to associate Verizon with "massive savings," but that's precisely what you get on its prepaid brand Visible Wireless. Visible subscribers get access to the same rock-solid 5G network as Verizon customers, but the best deals on Visible phone plans offer similar access for considerably cheaper monthly costs. For instance, through July 5, the basic Visible plan for a single line was down to $25 per month, a $5 discount. Visible Wireless Basic Plan For $30 monthly, Visible's basic plan offers unlimited talk, text, and data with mobile hotspot on Verizon's standard 5G network. If you need 5G Ultra Wideband, Visible Plus still offers considerable value at its standard price of $45 monthly.

Persons: there's, You'll Organizations: Verizon, UW Locations: Canada, Mexico

☆ Apple reportedly plans new Apple Watch Ultra with iPhone 15 this fall
▼ + stars: | 2023-06-26 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

A pair of new 24-inch iMacs are slated for launch, Bloomberg reported Sunday. A new Apple Watch Ultra, as well as two sizes of the next-generation Apple Watch 9, are also expected, according to the report. The MacBook Pro will ship in 13-, 14- and 16-inch variants, Bloomberg reported, all featuring Apple's new M3 chipset. Along with the new products, consumers and investors are watching to see how the company's Vision Pro will sell. Still, specs suggest the Vision Pro is more powerful than nearly all of its competitors, with two high-definition screens and custom processors to reduce latency.

Persons: Apple Organizations: Bloomberg, Apple, Apple Watch Locations: WWDC

It's difficult to associate Verizon with "massive savings," but that's precisely what you get on its prepaid brand Visible Wireless. Visible subscribers get access to the same rock-solid 5G network as Verizon customers, but the best deals on Visible phone plans offer similar access for considerably cheaper monthly costs. For instance, through July 5, the basic Visible plan for a single line is down to $25 per month, a $5 discount. Visible Wireless Basic Plan Normally $30 monthly, Visible's basic plan offers unlimited talk, text, and data with mobile hotspot on Verizon's standard 5G network. That $5 reduction on the basic plan isn't world-changing, but look at it this way: that's still 50% cheaper than Verizon's basic unlimited prepaid plan.

Persons: that's, You'll Organizations: Verizon, UW Locations: Canada, Mexico

☆ Meta Platforms' return to growth index highlights annual Russell refresh
▼ + stars: | 2023-06-21 | by ( Chuck Mikolajczak | ) www.reuters.com time to read: +6 min

REUTERS/Peter DaSilvaNEW YORK, June 21 (Reuters) - Meta Platforms (META.O) will return to its former status as a full growth stock after financial data provider FTSE Russell finishes its annual shakeup of its stock index components on Friday. Every year, FTSE Russell reconstitutes, or refreshes, the components across its indexes, such as the Russell 2000 (.RUT) index of small cap stocks and Russell 1000 (.RUI) index of large-cap names. There are also style indexes such as the Russell 1000 Growth (.RLG) and Russell 2000 Value (.RUJ). FTSE Russell says about $12.1 trillion is currently benchmarked to the Russell US equity indexes. "The growth indexes look more like growth benchmarks and the value indexes look more like cyclical value indices," said Steven DeSanctis, equity analyst at Jefferies in New York.

Persons: Peter DaSilva, Russell, FTSE Russell reconstitutes, RUI, Goldman Sachs, Stocks, Goldman, Bryant VanCronkhite, VanCronkhite, Catherine Yoshimoto, Steven DeSanctis, You've, Thomas Martin, Chuck Mikolajczak, Alden Bentley, Matthew Lewis Organizations: Facebook, Meta, REUTERS, Russell, FTSE, FTSE Russell, London Stock Exchange, Allspring Global Investments, Walmart, Jefferies, Nasdaq, New York Stock Exchange, Globalt Investments, Thomson Locations: Mountain View , California, U.S, Menomonee Falls , Wisconsin, New York, Atlanta

☆ Drawings done by King Charles as a small child go up for sale
▼ + stars: | 2023-06-14 | by ( Lianne Kolirin | ) edition.cnn.com time to read: +3 min

CNN —Sweet crayon drawings by a very young King Charles III will show a different side to Britain’s royal family when they come up for auction this week. Emma Errington/Hansons AuctioneersIt is thought that Charles drew the crayon and pencil pictures of his parents between 1953 and 1955, when he would have been about 5 or 6 years old. The young prince chose a more sober black and white for his drawing of his father, Prince Philip. There are eight other drawings by the young Prince Charles, as he was at the time. There is also a cartoon-style illustration, thought to have been done between 1954 and 1956, which the young prince drew for his father.

Persons: King Charles III, Queen Elizabeth II, Prince Philip, Charles, Emma Errington, Charles ’ “ Papa ”, Hansons Auctioneers, Charles Hanson, “, Prince Charles, carmine, “ Charles ”, “ Happybright, ”, Papa, Princess Anne, ” CNN’s Oscar Holland Organizations: CNN Locations: Britain, “, London

☆ Nordstrom tops Wall Street's first-quarter sales expectations, even as shoppers spend less
▼ + stars: | 2023-05-31 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +5 min

Yet despite declining sales, Nordstrom stressed its progress with managing inventory, cutting costs and drawing shoppers, especially to the off-price brand Nordstrom Rack. Sales at Nordstrom Rack improved late in the quarter, with the strongest performance in April, the retailer said in a news release. Nordstrom 's fiscal first-quarter sales topped Wall Street's expectations on Wednesday, even as the retailer reported a spending drop and predicted slower sales in the coming months. The company's total revenue, including credit card sales, fell about 11% from $3.57 billion in the year-ago quarter, but surpassed Wall Street's expectations. Net sales at Nordstrom's namesake stores decreased 11.4% year over year, while net sales for Nordstrom Rack dropped 11.9%.

Persons: We're, Erik Nordstrom, Nordstrom, Ryan Cohen, Chewy, refreshes, Activewear, Jamie Nordstrom Organizations: Nordstrom, GameStop, CNBC Locations: Canada, U.S, Nordstrom

☆ UBS Refreshes Management Team to Integrate Credit Suisse
▼ + stars: | 2023-05-09 | by ( Margot Patrick | ) www.wsj.com time to read: 1 min

Credit Suisse CEO Ulrich Körner will take charge of operational continuity and client focus. Photo: fabrice coffrini/Agence France-Presse/Getty ImagesUBS said it would integrate Credit Suisse with a freshly composed executive team that includes Credit Suisse’s chief executive and a new chief financial officer. The Swiss banking giant said it is evaluating all options for Credit Suisse’s Swiss business, which some politicians in the country want to be spun off into a separate unit or divested. The merger of the two banks is one of the largest ever by assets.

☆ Restaurant bookings, movie searches, and other tasks that Microsoft's Bing will be able to do, following an upgrade
▼ + stars: | 2023-05-04 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Microsoft said it's allowing third-party developers to build on top of Bing Chat, powered by OpenAI's GPT-4, to help people complete tasks. The company also plans to beef up Bing Chat's "memory," something that caused issues for Microsoft after the search engine launched. After Bing's chat feature launched, some users found they could provoke the chatbot into engaging in inappropriate and creepy conversations during long sessions. Bing users have engaged in over half a billion chats since its launch, the blogpost said. In March, just over a month after the company launched the AI version of its search engine, Bing exceeded 100 million daily active users.

☆ Tesla fans are buzzing about a suspected Model 3 redesign after an unverified photo circulated online
▼ + stars: | 2023-04-14 | by ( Nora Naughton | ) www.businessinsider.com time to read: +2 min

Reddit post reignites Model 3 redesign rumors. Rumors of Tesla's first-ever major redesign are intensifying after pictures appeared to leak online this week of a refreshed Model 3. Tesla analysts have long suspected that a Model 3 redesign is in the pipeline for this year, and some Tesla fans have started posting suspected photos of these models online in recent months. Tesla is taking on the mass marketMusk has said Tesla aims to build 2 million vehicles this year, nearly doubling its 2022 production capacity. These moves, coupled with redesigns, are all but necessary in order for Tesla to truly compete with the likes of GM and Toyota.

That's why it's difficult to recommend casual iPad users to spend $270 more for the iPad Air series. Still, the 2022 iPad Air is our mid-range pick for the best iPad. Conversely, the 2022 iPad Air is the value champion for power iPad users. Deal Apple iPad Air (2022) With its powerful processor and mid-level pricing, the 2022 iPad Air is a little overkill for running simple, popular apps and video streaming. Get the 256GB iPad Air, or the base 64GB iPad Air if you don't need the storage.

☆ Strong management can help companies 'change their stripes,' Jim Cramer says
▼ + stars: | 2023-04-06 | by ( Rohan Goswami | ) www.cnbc.com time to read: +2 min

Strong management can make all the difference for a company to "change their stripes" in a corporate pivot, CNBC's Jim Cramer said on Thursday. Cramer pointed to Costco as a prime example of the difference capable management can make. A bevy of other, non-retail companies are suffering as well, Cramer said, including medical-technology company Medtronic and industrial concern 3M . There's hope in the food companies, Cramer noted, pointing to stark evolutions from JM Smucker and Campbell Soup , both of which have rebalanced towards snack foods. But at a well-managed company like Costco, Cramer has no concerns.

☆ The spiraling banking crisis is leaving traders divided, Jim Cramer says
▼ + stars: | 2023-04-04 | by ( Rohan Goswami | ) www.cnbc.com time to read: +2 min

watch nowThe spiraling banking crisis has prompted concerns about liquidity, credit and defaults, CNBC's Jim Cramer said Tuesday, and is leaving traders split. That represents an opportunity to buy into economically sensitive stocks, Cramer argued, because it suggests the Fed is nearly done tightening rate hikes. DefensiveCramer said the second set, defensive traders, are wrong because just a few weeks ago the defensive pharma and packaged goods names were being "pummeled" because they were perceived as too defensive. "It's ridiculous," Cramer said, that those traders think the outlook is much improved. How about sizable layoffs and a big juicy earnings surprise, something that it seems incapable of delivering," Cramer said.

☆ Elon Musk's price cuts at Tesla are working – for now
▼ + stars: | 2023-04-03 | by ( Nora Naughton | ) www.businessinsider.com time to read: +4 min

Tesla reported record-breaking Q1 deliveries of 422,875 vehicles. Analysts warn price cuts alone can't keep competition at bay. This record-breaking first-quarter delivery report from comes after Tesla engaged in a series of price cuts and other purchase incentives for the last several months, a move that some investors worried would have too much adverse impact on the company's profit margins. Other analysts and industry experts initially wondered if Musk was using price cuts to turn Tesla's demand problem into an advantage over his competitors. But analysts warn that price cuts alone cannot stave off competition forever.

☆ Tesla's looks are getting stale, and Elon Musk can't ignore it forever
▼ + stars: | 2023-03-31 | by ( Nora Naughton | ) www.businessinsider.com time to read: +3 min

Rumors have swirled about Model 3 and Model Y updates, but nothing official yet from Tesla. "When you move to higher-volume vehicles, you have to start keeping up with the Joneses," one analyst said. Rumors have swirled online about incoming refreshes of the Model 3 and Model Y vehicles, but Tesla has yet to set a release date for these updates. "When you move to higher-volume vehicles, you have to start keeping up with the Joneses," Fiorani said. This year, Musk has said Tesla aims to build 2 million vehicles, nearly doubling its 2022 production capacity.

☆ Kohl's blamed its rough quarter on a squeezed middle class, but one analyst says it's because stores are a mess
▼ + stars: | 2023-03-01 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +4 min

But one analyst blamed messy Kohl's stores and "dispiriting" stores during the holidays. Kingsbury said that Kohl's store portfolio remains healthy. Kohl's partnerships with other brands is driving sales, CEO saysKohl's and Amazon inked a deal in 2019 that allows Amazon customers to return items to Kohl's stores. Ted Shaffrey/APKingsbury also highlighted Kohl's partnership with Sephora, which operates store-in-store concepts in Kohl's locations across the US. Kohl's previously said that the Amazon partnership drew over 2 million new customers to its stores in its first year.

☆ Genetics study lays bare Ice Age drama for humans in Europe
▼ + stars: | 2023-03-01 | by ( Will Dunham | ) www.reuters.com time to read: +5 min

Tom Bjoerklund/Handout via REUTERSMarch 1 (Reuters) - Europe was no balmy paradise during the Ice Age, with the vast glaciers that blanketed large parts of the continent rendering wide swathes inhospitable for humans. While some populations hunkered down and survived in relatively warmer parts of Europe, including France, Spain and Portugal, others died out on the Italian peninsula, the study showed. "It refreshes our knowledge of how human beings survived the Ice Age," added paleogeneticist and study co-author He Yu of Peking University in China. Homo sapiens arose roughly 300,000 years ago in Africa, then spread worldwide, reaching Europe at least 45,000 years ago. The only people who survived this harshest period in Europe were hunter-gatherers who had found refuge in portions of France and the Iberian peninsula, the study found.

☆ Apple announces new Macs with its most powerful chips yet
▼ + stars: | 2023-01-17 | by ( Todd Haselton | ) www.nbcnews.com time to read: +1 min

Apple announced new Macs on Tuesday that can be purchased with either M2 Pro or M2 Max chips, the most powerful Apple processors yet. The company unveiled refreshes to its 14-inch and 16-inch MacBook Pro laptops, both of which can now be configured with the latest processors. Apple also announced an update to its Mac mini computer with support for the M2 Pro or M2 Max. In January 2022, it reported December quarter Mac revenue of $10.85 billion, up 25% year-over-year. The Mac mini starts at $599, $100 less than the prior version, while the new 14-inch MacBook Pro starts at $1,999.

☆ Apple announces new Mac mini, MacBook Pro with M2 Pro and M2 Max chips
▼ + stars: | 2023-01-17 | by ( Todd Haselton | ) www.cnbc.com time to read: +1 min

Apple also announced an update to its Mac mini computer with support for the M2 or M2 Pro chips. Apple no longer sells an Intel version of the Mac mini, which means the Mac Pro is the last computer that can be configured with an Intel processor. Apple on Tuesday announced new Macs that can be purchased with either M2 Pro or M2 Max chips , the most powerful Apple processors for MacBooks and the Mac mini to date. The Mac mini starts at $599 with an M2 chip, $100 less than the prior version, or $1,299 with the M2 Pro. The new 14-inch MacBook Pro starts at $1,999.

☆ Twitter alternatives like Mastadon see downloads plunge
▼ + stars: | 2023-01-09 | by ( Kali Hays | ) www.businessinsider.com time to read: +9 min

Long before Elon Musk came along, Twitter users bemoaned the service yet remained addicted to it. It is a text-based social platform, or "microblogging" site, home to independent servers, or "instances." In early November, the hashtag TwitterMigration was trending on Mastodon for several days as Twitter users set up accounts amid Musk's chaotic takeover. Daily users have held steady though, at 1.4 million, a major increase from its usage prior to Musk's takeover of Twitter, which typically hovered around 20,000 daily users. Downloads of the iOS app have grown 290,000% to 1.5 million since Oct. 24, with daily users up 660,000% to 321,000, according to Apptopia data.

☆ Twitter alternatives that got traction after Elon Musk takeover are suddenly seeing downloads plunge. Which has staying power and who is the next Clubhouse?
▼ + stars: | 2022-12-24 | by ( Kali Hays | ) www.businessinsider.com time to read: +9 min

Long before Elon Musk came along, Twitter users bemoaned the service yet remained addicted to it. It is a text-based social platform, or "microblogging" site, home to independent servers, or "instances." In early November, the hashtag TwitterMigration was trending on Mastodon for several days as Twitter users set up accounts amid Musk's chaotic takeover. Daily users have held steady though, at 1.4 million, a major increase from its usage prior to Musk's takeover of Twitter, which typically hovered around 20,000 daily users. Yet, it has maintained more than 500,000 daily users.

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