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☆ Black creators were instrumental in building TikTok. Now they fear they'll be hit the hardest by a ban.
▼ + stars: | 2024-05-01 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +10 min

But largely, TikTok is a place Black creators found where they could thrive and reach new audiences and customers for their growing businesses. It wasn't that the content wasn't good, Ford said, it was that Instagram "just wasn't a place for Black creators, minority creators, to excel." Some Black creators suspected their Black Lives Matter content was suppressed in 2020 after George Floyd's death ignited a wave of protests. AdvertisementBlack TikTokers have also expressed an "undertone of anti-Blackness" in the platform's algorithm, where white creators benefited from the trends started by Black creators. AdvertisementThis is disheartening, Black creators told BI, because so many top trends and ideas come from their community.

Persons: —, Joe Biden, TikTok, Tenyse Williams, It's, Funmi Ford, Ford, Nya, I've, Étienne, Keith Lee, entrepreneurialism, Kahlil Dumas, Dumas, George Floyd's, Jalaiah Harmon, Black TikTokers, Williams, Imani Bashir, Bashir, We're, isn't Organizations: Service, Senate, Business, Consulting, University of Central, Columbia University, George Washington University, Pew Research Center, An, Free, Black, New York Times, Forbes, YouTube, BI Locations: University of Central Florida, Instagram, An Oxford, Atlanta

☆ Watch CNBC’s full interview with Evercore ISI's Mark Mahaney and Odyssey's Jason Snipe
▼ + stars: | 2024-04-30 | 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 EmailWatch CNBC’s full interview with Evercore ISI's Mark Mahaney and Odyssey's Jason SnipeMark Mahaney, Evercore ISI head of internet research, and Jason Snipe, founder and CIO at Odyssey Capital Advisors, join 'Closing Bell' to discuss the mega-cap tech earnings and which company is winning in the AI race.

Persons: Evercore ISI's Mark Mahaney, Jason Snipe Mark Mahaney, Jason Snipe Organizations: Odyssey Capital Advisors

☆ We are hiking our price target on Eaton as demand for AI computing power heats up
▼ + stars: | 2024-04-30 | by ( Zev Fima | ) www.cnbc.com time to read: +14 min

Sales, earnings, segment profit margin, and organic growth all came in ahead of expectations, despite some minor misses in certain operating segments. In addition to the strong headline results, Electrical Americas, its biggest division, realized another record for sales, segment profit, and segment margins — driven partly by data center demand for AI computing power. Electrical Americas achieved yet another record for sales, segment profit, and segment margins with management noting strength in the data center market. Management expects a segment margin of 22.4% to 22.8%, ahead of the 22.4% midpoint estimate. Electrical Americas achieved yet another record for sales, segment profit, and segment margins with management noting strength in the data center market.

Persons: Eaton, Parker, Craig Arnold, Arnold, Jim Cramer's, Jim Cramer, Jim Organizations: Revenue, LSEG, Hannifin, DuPont, Honeywell, Electrical, Management, Aerospace, CNBC, Eaton Corporation, NYSE, NYSE Eaton Locations: North America, Electrical Americas, U.S, Eaton, Americas

☆ Google's Gemini is a great generative AI for the consumer, says Evercore ISI's Mark Mahaney
▼ + stars: | 2024-04-30 | 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 EmailGoogle's Gemini is a great generative AI for the consumer, says Evercore ISI's Mark MahaneyMark Mahaney, Evercore ISI head of internet research, and Jason Snipe, founder and CIO at Odyssey Capital Advisors, join 'Closing Bell' to discuss the mega-cap tech earnings and which company is winning in the AI race.

Persons: Evercore, Mark Mahaney Mark Mahaney, Jason Snipe Organizations: Odyssey Capital Advisors

☆ An ultra-luxury cruise line wants to attract wealthy Americans with its all-inclusive 'yachts' — see what the new 128-guest ship will be like
▼ + stars: | 2024-04-30 | by ( Brittany Chang | ) www.businessinsider.com time to read: +1 min

Ultra-luxury cruise line Emerald Cruises says its third ocean ship will debut in 2026. Emerald, known for river cruises, has been investing more in its ocean-based business. But in the ultra-luxury cruise market, it's been the opposite. So much so that Emerald Cruises' next ocean-based ship, launching in 2026, plans to accommodate no more than 128 travelers. This story is available exclusively to Business Insider subscribers.

Persons: —, it's Organizations: Cruises, Service, Business

☆ 'Winner take most': Here's what Wall Street is expecting from Amazon's Q1 earnings report
▼ + stars: | 2024-04-29 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +5 min

AdvertisementAmazon will report earnings on Tuesday after the closing bell and Wall Street has its eye on a few key details heading into the call. AdvertisementBofA analysts reiterated their "Buy" rating and $204 price target for the stock, implying a 13% upside from its current levels. AdvertisementAnalysts raised their price target for Amazon stock to $217, implying a 20% upside. The firm maintained its "Buy" rating and $220 price target, implying a 22% upside from the stock's current levels. The firm maintained its "buy" rating and $205 price target for Amazon stock, implying a 14% upside from current levels.

Persons: Goldman Sachs, —, Needham, Andy Jassy's, Wells Organizations: Investors, Service, Amazon, Amazon Web Services, Bank of America, Enterprise, Needham Locations: Wells Fargo

☆ Jim Cramer says investors who don't own any Alphabet could buy at these levels
▼ + stars: | 2024-04-29 | by ( Morgan Chittum | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. But Jim Cramer argued that the market will, instead, be focused on the Federal Reserve's next interest rate policy decision, set for Wednesday, and the April jobs report on Friday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Jim, Morgan Stanley, UnitedHealth, Jim Cramer's Organizations: CNBC, Apple, Federal, Bloomberg, Google, OpenAI, Microsoft, Alto Networks Locations: it's, Palo

☆ Karen Firestone: Tech dominates the S&P 500. It's time to ask whether it's the best benchmark for investors
▼ + stars: | 2024-04-29 | by ( Karen Firestone | ) www.cnbc.com time to read: +7 min

Answering that question assumes understanding why we use the S & P 500 in the first place. While the Dow heavily favors industrial businesses — steel, chemicals, autos, oil and gas — the S & P 500 offers a more diverse representation. Also, the S & P 500 index is weighted by market value, which makes sense to professional investors. While certainly not a proxy for the S & P 500, it provides more exposure to other industries and stocks. As shown below, the equal-weighted S & P 500 has slightly outperformed the S & P 500 over the past 20 years.

Persons: I've, Gamble, Karen Firestone Organizations: Dow Jones, Dow, Apple, Procter, Microsoft, Nasdaq, Bloomberg, Goldman, Commodities, Asset Management

☆ Magnificent 7 is not a monolith in this stock picker's market, says Alison Porter
▼ + stars: | 2024-04-29 | 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 EmailMagnificent 7 is not a monolith in this stock picker's market, says Alison PorterAlison Porter, Portfolio Manager of the Global Technology Fund at Janus Henderson, discusses mega-cap tech earnings, including upcoming results from Apple and Amazon.

Persons: Alison Porter Alison Porter, Janus Henderson Organizations: Global Technology Fund, Apple

☆ It's going to be a massive week for the stock market
▼ + stars: | 2024-04-29 | by ( Matthew Fox | ) www.businessinsider.com time to read: +5 min

It's a big week for the stock market with a deluge of economic data set to be released. AdvertisementIt's going to be a massive week for the stock market as investors prepare for a deluge of economic data and corporate earnings results. Raymond James' chief investment officer Larry Adam highlighted the top five things to watch this week that could have a big impact on stock market prices. Finally, the April jobs report set to be released on Friday will be closely watched by investors. The jobs report will provide an update on the strength of the labor market," Adam said.

Persons: Raymond James, —, Larry Adam, Adam, Jerome Powell, Powell, Treasurys Organizations: Fed, Service, Treasury Department, Treasury, Apple, Investors, ISM Manufacturing, Manufacturing

☆ Microsoft and Alphabet demonstrated the current benefits of AI strategies: Plexo Capital's Lo Toney
▼ + stars: | 2024-04-29 | 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 EmailMicrosoft and Alphabet demonstrated the current benefits of AI strategies: Plexo Capital's Lo ToneyLo Toney, Plexo Capital founding partner, joins 'Closing Bell' to discuss tech earnings this week from some mega caps and how AI will play into sector earnings.

Persons: Capital's Lo Toney Lo Toney Organizations: Microsoft, Plexo

☆ Monday, April 29, 2024: Cramer calls this mega cap tech holding 'the highest quality'
▼ + stars: | 2024-04-29 | by ( ) www.cnbc.com time to read: 1 min

Monday, April 29, 2024: Cramer calls this mega cap tech holding 'the highest quality'Jim and Jeff discuss the analyst calls for this mega cap stock. They also talk about getting into this tech stock. Finally, they discuss this cybersecurity stock.

Persons: Cramer, Jim, Jeff

☆ History says this market downturn is just getting started. A veteran strategy chief shares 18 stocks to buy to hedge against risk and gain upside during the recovery.
▼ + stars: | 2024-04-28 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

There have been 13 other market selloffs during the second year of a bull market since 1946, Belski noted. AdvertisementFollowing its 2021 pullback, the S&P 500 finished the second year of its bull market up 22.6% and 11.5% higher than its nadir. Valuations are still historically high, and mega-cap growth companies continue to make up a disproportionately large share of the S&P 500. Since Belski thinks this bull market has legs, he doesn't want to forgo future upside. These firms have higher earnings growth than the median S&P 500 name and also have lower price-to-earnings (P/E) and P/E-to-growth (PEG) ratios — a recipe for success.

Persons: —, pales, Keith Lerner, Truist, Lerner, who've, Brian Belski, he's, Belski, selloffs Organizations: Service, Business, BMO Capital Markets, selloffs

Has South Africa Truly Defeated Apartheid? U.S.A., 2020 – 63% U.K., 2019 – 62% 60% 49% 40% 20% 1994 2004 2014 2019 Sources: Collette Schulz-Herzenberg, "The South African non-voter: An analysis"; Konrad Adenaur Stiftung, 2020 (South Africa); Pew Research (United States and U.K.)On a continent where coups, autocrats and flawed elections have become common, South Africa is a widely admired exception. −4% −6% Sources: Harvard Growth Lab analysis of World Economic Outlook (South Africa and sub-Saharan Africa) and World Development Indicators (upper-middle-income countries). 50% unemployment rate 40% Black unemployment rate 30% The unemployment gap between Black and white South Africans remains wide. In 2022, about 6 percent of South Africans aged 18 to 29 were enrolled in higher education, according to Statistics South Africa.

Persons: Nelson Mandela, they’ve, Collette Schulz, Konrad Adenaur Stiftung, —, Walter Sisulu, Joao Silva, New York Times Jack Martins, ”, Mandela’s, Wandile Sihlobo, Johann Kirsten, Sihlobo, Kirsten, haven’t, Zinhle Nene, Peter Mokoena, “, Mokoena, Nokuthula Mabe, Mabe, Jacob Zuma, Chrispin Phiri, Cyril Ramaphosa, Israel, Sibusiso Zikode, Zikode, Mr Organizations: African National Congress, Pew Research, Human Sciences Research, World Bank, Black South, Charter, New York Times, University of Cape Town’s Liberty Institute of Strategic Marketing, Johannesburg Stock Exchange, Economic Empowerment, South, Harvard, Economic, Government, Black, Mr, Stellenbosch University . White, Statistics, Security, JOHANNESBURG Jobs, JOHANNESBURG Sandton Downtown, West University, Education, Statistics South, General Household Survey, of, Stellenbosch University, Ministry of Justice and Correctional Services, Institute for Security Studies, International Court of Justice Locations: Africa, South Africa, Black, States, Soweto, Kliptown, Johannesburg, South, Saharan Africa, Carletonville, JOHANNESBURG, Downtown Soweto, JOHANNESBURG Sandton, JOHANNESBURG Sandton Downtown Soweto, North, Mahikeng, Botswana, Statistics South Africa, Brazil, Mexico, Philippines, African, Germany, Russia, India, China, Ethiopia, Burundi, Zimbabwe, Ukraine, New York Times South Africa, Gaza, Durban, South Africa’s

☆ The Fed will be the main event in the week ahead that includes a jobs report, more tech earnings
▼ + stars: | 2024-04-26 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

On top of that, the latest U.S. jobs market scorecard will be released along with more mega-cap earnings. This week, the U.S. 10-year Treasury yield briefly climbed above 4.7% for the first time since November. That's down sharply from the six or seven rate cuts investors were anticipating coming into the year. April jobs Investors will also get an update on the labor picture next week, with the release of the April nonfarm payrolls report set for Friday. Corporate earnings season will also ramp up in the week ahead with a slew of consumer-facing companies set to report.

Persons: Stocks, Powell, David Alcaly, Jerome Powell's, we've, they're, Brian Nick, Matt Stucky, it's, Stucky, Dow Jones, Nick, Archer, Eli Lilly, Kraft, Estee, Ingersoll Rand, Stanley Black, Decker, Hershey Organizations: Nasdaq, Google, Microsoft, Treasury, Lazard Asset Management, Macro, Northwestern Mutual Wealth Management Company, Fed, Apple, Micro Computer, Dallas Fed, Paramount, ON Semiconductor, Chicago PMI, Prudential Financial, Devices, Storage, Diamondback Energy, Caesars Entertainment, Corning, Daniels, Midland, Molson Coors Beverage, Marathon Petroleum, GE Healthcare Technologies, PayPal, ADP, P Global, Manufacturing, Oil, MGM Resorts International, Allstate, Etsy, eBay, Qualcomm, MetLife, First, Devon Energy, Cruise Line Holdings, Brands, Marriott International, Kraft Heinz, Pfizer, Companies, CVS Health, Generac, Mastercard, Labor, Nation Entertainment, Booking Holdings, Natural Resources, Motorola Solutions, Expedia, EOG, Coterra Energy, Dominion Energy, Howmet Aerospace, ConocoPhillips, Moderna, PMI, Services PMI Locations: U.S, Chicago, McDonald's, Albemarle, EOG Resources

☆ German bed pillows give me nightmares. Next time I go to Berlin, I'm bringing my own.
▼ + stars: | 2024-04-26 | by ( Jessica Furseth | ) www.businessinsider.com time to read: +6 min

Read previewI never paid much mind to the pillow I rest my head on at night until I went to Berlin. A classic German bed pillow is a monstrosity measuring 31 by 31 inches (80 by 80 centimeters if you're local). AdvertisementThe first Google result for "German pillows" is "German pillows are a crime against sleep," an article by travel blogger Ryan Murdock who writes: "I've devoted a considerable amount of time to thinking about those giant square pillows. "There's no one size fits all for pillows," said Vuu, author of "Thrive State: Your Blueprint for Optimal Health, Longevity and Peak Performance." Next time I go to Germany, I'm bringing a pillow from home.

Persons: —, Jessica Furseth, Ryan Murdock, I've, Juliane Hedderich, Kien Vuu, Vuu Organizations: Service, Business, Association of, Feather Industry, Wall Street, Health Sciences, UCLA, Health Locations: Berlin, Germany, Italy

☆ Bank of America lays out the exact scenario that could finally pop the stock market's AI bubble
▼ + stars: | 2024-04-26 | by ( Joe Ciolli | Filip De Mott | ) www.businessinsider.com time to read: +3 min

Bank of America says the ongoing "anything but bonds" bull market has led to a very top-heavy stock market. The firm is watching real 10-year yields and credit spreads for signals of when that AI-led rally could end. BofA says higher yields and tighter spreads could sound recession alarms and spur a stock sell-off. The key piece is the cohort of mega-cap tech companies that have long dominated stock-market performance, largely because of their affiliation with AI. In the meantime, if you subscribe to BofA's view, you should be watching the 10-year real yield for a signal of when any such downturn is coming.

Persons: BofA, —, YCharts There's Organizations: of America, Service, Bank of America, Apple, Nvidia, Microsoft

☆ How to position for growth in earnings, inflation, and the economy
▼ + stars: | 2024-04-26 | 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 EmailHow to position for growth in earnings, inflation, and the economySophie Lund-Yates, Senior Equity Analyst at Hargreaves Lansdown, and Ryan Detrick, Chief Market Strategist at the Carson Group, discuss mega-cap tech earnings, today's PCE report, and the direction of the markets.

Persons: Sophie Lund, Yates, Hargreaves Lansdown, Ryan Detrick Organizations: Carson Group, PCE

☆ Friday, April 26, 2024: Jim Cramer breaks down blowout quarter for this mega-cap tech holding
▼ + stars: | 2024-04-26 | by ( ) www.cnbc.com time to read: 1 min

Friday, April 26, 2024: Jim Cramer breaks down blowout quarter for this mega-cap tech holdingJim and Jeff discuss the big quarter for this mega-cap tech stock. They also talk about the big re-rating for this mega cap tech stock. Finally, they discuss the mega cap tech earnings impact on this semiconductor stock.

Persons: Jim Cramer, Jim, Jeff

☆ Stock market today: Indexes jump to close best week since November as investors cheer tech earnings
▼ + stars: | 2024-04-26 | by ( Yuheng Zhan | ) www.businessinsider.com time to read: +3 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementUS stocks closed higher on Friday to end the best week since November, with tech rallying after earnings from mega-cap stalwarts. Instead, traders focused mostly on earnings strength from Alphabet and Microsoft. In a Friday note, Fundstrat's Mark Newton pointed out that the earnings of Alphabet and Microsoft are paving the way for a broad rally. Next week, Apple and Amazon, will release earnings and investors will be focused on the Fed's next policy meeting scheduled for April 30-May 1.

Persons: —, Fundstrat's Mark Newton, Savita Subramanian, we're, it's, Subramanian Organizations: Microsoft, Service, Federal, Amazon, Nvidia, Technology, Bank of, CNBC, Apple, Dow Locations: Here's

☆ Stock market today: Indexes gain as investors assess new inflation data and latest earnings
▼ + stars: | 2024-04-26 | by ( Max Adams | Yuheng Zhan | ) www.businessinsider.com time to read: +2 min

US stocks rose on Friday as markets assessed new inflation data in the form of March PCE. The Fed's preferred gauge showed inflation rose 2.8% year-over-year, slightly higher than estimates. AdvertisementUS stocks climbed on Friday, with investors digesting new inflation data and cheering earnings from mega-cap tech titans Microsoft and Alphabet. Personal consumption expenditures data showed prices rose more than expected last month. The Federal Reserve's preferred measure of inflation showed an uptick of 2.8% versus estimates of 2.7%.

Persons: —, Clark Bellin Organizations: PCE, Microsoft, Google, Service, Federal, Bellwether

☆ Alphabet is 'back from the dead': Big Tech's Alex Kantrowitz
▼ + stars: | 2024-04-26 | 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 EmailAlphabet is 'back from the dead': Big Tech's Alex KantrowitzAlex Kantrowitz, Big Technology founder, joins 'Closing Bell' to discuss his takeaway from mega cap tech earnings this week and his expectation for the rest of the sector next week.

Persons: Alex Kantrowitz Alex Kantrowitz Organizations: Big Technology

☆ Why chipmakers are the stars of the week, plus Cramer's read-through on 3 reports
▼ + stars: | 2024-04-26 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Best in months: The S & P 500 and Nasdaq are both higher on Friday, on pace for their best weeks since November. The gains break a three-week losing streak for the broad-based S & P and four straight losing weeks for the tech-heavy Nasdaq. About 46% of the S & P 500 has reported earnings so far, with nearly three quarters beating consensus expectations, according to FactSet. Earnings ahead : The busiest week of the first-quarter earnings season is coming up. But the company will still be buying back stock ahead of better times."

Persons: Jim Cramer, there's, Grace Hopper Superchip, Sanjay Mehrotra, Lam, Sanjay, we'll, Dow, Dupont, Jim Cramer's, Jim, Milton J, Kevin Lamarque Organizations: CNBC, Nasdaq, Microsoft, Intel, Nvidia, Micron, Lam Research, Apple, Coterra Energy, Starbucks, DuPont, Jim Cramer's Charitable, Micron Technology, Rubenstein Museum of Science, Technology Locations: Chevron, Devon, Syracuse , New York, U.S

☆ Thursday, April 25, 2024: The Investing Club weighs in on this 'Mag 7' stock's post-earnings slide
▼ + stars: | 2024-04-25 | by ( ) www.cnbc.com time to read: 1 min

Thursday, April 25, 2024: The Investing Club weighs in on this 'Mag 7' stock's post-earnings slideJim and Jeff discuss why the Club trimmed this mega cap stock and its post earnings slide. They also talk about the slide in this semi stock. Finally, they discuss the earnings report for this industrial stock.

Persons: Jeff

☆ Alphabet tempers fears that it's falling behind in AI with blowout first-quarter results
▼ + stars: | 2024-04-25 | by ( Jennifer Elias | ) www.cnbc.com time to read: +4 min

Google CEO Sundar Pichai speaks in conversation with Emily Chang during the APEC CEO Summit at Moscone West on November 16, 2023 in San Francisco, California. There were other reasons for skepticism ahead of Alphabet's earnings report. Like Meta, Alphabet is pouring money into AI. Last month, Alphabet announced a suite of products, including Vertex AI, a no-code console for enterprise companies to build their own AI agents. With first-quarter results in the rearview mirror, Alphabet now has to keep up with heightened expectations, which will only increase as competitors roll out more generative AI products.

Persons: Sundar Pichai, Emily Chang, Ruth Porat, missteps, Investors, Mark Zuckerberg, Pichai, he's, Prabhakar Raghavan, Raghavan Organizations: APEC, Summit, Moscone West, YouTube, Nasdaq, Nvidia, Amazon, Meta, Revenue, Google, Amazon Web Services, Microsoft, rollouts Locations: San Francisco , California, San Francisco, U.S

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