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☆ Bitcoin nears $70,000 as investors digest Trump crypto comments and look ahead to central bank meetings
▼ + stars: | 2024-07-29 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Investors are coming back into the market after bitcoin ended last week flat and ether dropped roughly 8%. Additionally, traders are watching the Federal Reserve, Bank of Japan and the Bank of England – all of which are meeting this week. Eyes are on Fed Chair Jerome Powell in particular, hoping his comments will confirm an interest rate cut in September. He also said it would be his policy to keep 100% of the bitcoin the U.S. government currently holds (about 210,000 bitcoins), serving as the beginning of a National Strategic Bitcoin Reserve. In remarks that garnered the biggest roar from the audience, Trump vowed that he would replace Gensler "on day one."

Persons: Bitcoin, bitcoin, Jerome Powell, Donald Trump, Sen, Elizabeth Warren, Gary Gensler, Biden, they've, Trump, Cynthia Lummis Organizations: Getty, Metrics, Federal Reserve, Bank of Japan, Bank of England, Bitcoin Conference, Democratic, Securities, Exchange, Trump, Strategic Bitcoin, Republican Locations: Nashville, Wyoming

☆ Anxiety may increase risk of dementia, study finds
▼ + stars: | 2024-07-29 | by ( Kristen Rogers | ) edition.cnn.com time to read: +8 min

ingwervanille/Moment RF/Getty ImagesMore than 55 million people worldwide have dementia, a number expected to increase to 139 million by 2050. Previous studies exploring the relationship between anxiety and dementia have largely measured participants’ anxiety at one point in time, providing mixed conclusions — but how long someone’s anxiety lasts is an important aspect worth considering, the authors argued. Researchers measured participants’ anxiety at the first and second assessments. Someone’s anxiety was considered resolved if they had anxiety only at the time of the first wave. “This study agrees with earlier studies that therapy aimed at alleviating anxiety can help reduce risk for (Alzheimer’s disease).

Persons: ”, Kay Khaing, Glen R, Finney, ” Finney, wasn’t, “, Rudolph Tanzi, Dr, Joel Salinas, Isaac Health, Salinas wasn’t, Tanzi, Khaing, ” Khaing, ” Tanzi Organizations: CNN, American Geriatrics Society, Hunter New, Hunter New England Health, Getty, Australian Department of Health, American Academy of Neurology, McCance, Brain Health, Massachusetts General Hospital, NYU Langone Health, ”, National Alliance, Mental Locations: Hunter New England, Newcastle, Australia, Pennsylvania, Massachusetts, Boston, ” Salinas

☆ Tesla stock has 40% upside as a 'top pick' as it corners the EV-credit market, Morgan Stanley says
▼ + stars: | 2024-07-29 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Tesla stock will soar 40% as it dominates the zero-emission vehicle-credit market, according to Morgan Stanley. Tesla's cost-cutting initiatives and energy business growth are key drivers of the firm's bullish outlook. AdvertisementTesla stock is going to soar 40% over the next year as it corners the zero-emission vehicle-credit market, according to a Monday note from Morgan Stanley. "We anticipate other car companies such as GM and STLA may be wading more deeply into the ZEV market as buyers in the quarters ahead. Advertisement"We see potential for the Tesla Energy business to be worth more than the autos business," Jonas said.

Persons: Morgan Stanley, Tesla, —, Adam Jonas, Jonas, ZEV, Ford Organizations: Ford, Service, EV, Nasdaq, North, General Motors, Tesla Energy Locations: North America, Europe

CNN —Text messages and radio chatter released Monday show that law enforcement officers lost sight of Donald Trump’s would-be assassin, Thomas Matthew Crooks, and further illustrate the confused communications around tracking him at the July 13 rally. Twenty minutes later he sent those images to a group chat, the texts show. I lost sight of him.”At 5:38 p.m., a Beaver County sniper sends photos of Crooks to the Beaver, Butler and Washington snipers group chat. “They are asking for a direction of travel,” one person wrote at 5:59 p.m., referring to the command center. The redacted entries reveal the communications as the information is passed up the chain.

Persons: Donald Trump’s, Thomas Matthew Crooks, Sen, Chuck Grassley’s, Crooks, “, Charles E, Grassley, ” Organizations: CNN, Trump, ”, Co, Emergency Services Unit, Sen, Grassley Locations: Beaver, Butler, Washington

☆ Ford, GM, Stellantis face a daunting second half of 2024
▼ + stars: | 2024-07-29 | by ( Michael Wayland | ) www.cnbc.com time to read: +7 min

Stock Chart Icon Stock chart icon Ford, GM and Stellantis shares"Investors who think autos can outperform on + earnings beats and buybacks should think again. GMFor GM, investors balked at pullbacks in growth businesses, waning upside during the second half of the year, and fear that the automaker's earnings power has peaked, according to Wall Street analysts. Selling more EVs is one reason that GM, which has raised its annual financial guidance twice this year, expects the second half to underperform the first. The new Ford F-150 truck goes through the assembly line at the Ford Dearborn Plant on April 11, 2024 in Dearborn, Michigan. StellantisTransatlantic automaker Stellantis arguably faces the most challenging second half of the year, particularly regarding its U.S. operations.

Persons: Ram, Joe Raedle, Morgan Stanley, Adam Jonas, Jonas, Stellantis, GM's, Mary Barra, Ford, Ford doesn't, Joseph Spak, Bill Pugliano, John Lawler, Lawler, Carlos Tavares, Remo Casilli Organizations: Dodge Chrysler, Getty, DETROIT, Ford, Detroit automakers, GM, Wall Street, Analysts, Street, UBS, Ford Dearborn Plant, Ford Pro, Transatlantic, Stellantis Locations: Miami , Florida, U.S, China, Dearborn , Michigan, Atessa, Italy

☆ Apple says its AI models were trained on Google's custom chips
▼ + stars: | 2024-07-29 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Apple said on Monday that the artificial intelligence models underpinning Apple Intelligence, its AI system, were pretrained on processors designed by Google, a sign that Big Tech companies are looking for alternatives to Nvidia when it comes to the training of cutting-edge AI. Apple's choice of Google's homegrown Tensor Processing Unit (TPU) for training was detailed in a technical paper just published by the company. Separately, Apple released a preview version of Apple Intelligence for some devices on Monday. Apple doesn't name Google or Nvidia in its 47-page paper, but did note its Apple Foundation Model (AFM) and AFM server are trained on "Cloud TPU clusters." "This system allows us to train the AFM models efficiently and scalably, including AFM-on-device, AFM-server, and larger models," Apple said in the paper.

Persons: Apple, they've, Mark Zuckerberg, Sundar Pichai, Zuckerberg, Emily Chang Organizations: Apple Intelligence, Google, Big Tech, Nvidia, Microsoft, Meta, Oracle, Apple Foundation, Apple

☆ Top Wall Street analysts suggest these dividend stocks for enhanced returns
▼ + stars: | 2024-07-28 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +5 min

Investors seeking solid dividend payers can rely on top-ranked Wall Street analysts, who make recommendations after thoroughly analyzing a company's ability to generate solid financials and deliver strong returns. Here are three attractive dividend stocks, according to Wall Street's top pros on TipRanks, a platform that ranks analysts based on their past performance. WES offers a high dividend yield of 8.8%. Hanold expects Q2 2024 shareholder returns to comprise a fixed dividend of 90 cents a share and a variable dividend of $1.25 per share, with no stock buybacks. KO offers a dividend yield of about 2.9%.

Persons: Wall, WES, Gabriel Moreen, Moreen, TipRanks, FANG, Scott Hanold, KO, Nik Modi, Modi Organizations: Wall Street, Western, Western Midstream Partners, Mizuho, MLP, Diamondback Energy, Endeavor Energy, RBC Capital, Diamondback, Cola Locations: Texas , New Mexico , Colorado , Utah, Wyoming, West Texas, Philippines, India

☆ I never wanted kids. My partner has a son, and it's been unexpectedly great.
▼ + stars: | 2024-07-28 | by ( Alexandra Saville | ) www.businessinsider.com time to read: +5 min

We wanted to be cautious and avoid any potential heartache and confusion for all parties. I quickly formed a bond with my partner's sonHis son and I fell into a surprisingly easy groove. Related storiesI never wanted one and still don't, but what I do want is exactly what we have. It's a similar relationship with my partner's son; I'm as important to him as he feels I am. AdvertisementIt's been a surprise as someone who never wanted kids of my own to get to enjoy a version of the experience.

Persons: —, it's, I've, he's, I'm, It's Organizations: Service

☆ Can money buy happiness? It really depends
▼ + stars: | 2024-07-28 | by ( Andrea Kane | ) edition.cnn.com time to read: +7 min

(CNN) — Can money buy happiness? “This notion that money cannot buy happiness is just, like, patently false,” social psychologist Elizabeth Dunn recently told CNN Chief Medical Correspondent Dr. Sanjay Gupta on his podcast Chasing Life. “Money can absolutely buy happiness,” said Dunn, the coauthor of “Happy Money: The Science of Happier Spending.” “And if you hear anyone say money can’t buy happiness, I would say, tell them to try giving some of it away.”You can listen to the full episode here. “Don’t just buy things you like all the time without even thinking about it,” Dunn said. “And if so, could you use money to buy your way out of it?”Dunn said her research showed that buying time is a great and underutilized way to turn money into happiness.

Persons: Sanjay Gupta, —, “, Kanye West, Elizabeth Dunn, Dunn, ”, ” Dunn, There’s, “ Don’t Organizations: CNN, University of British, Ikea . Pay Locations: University of British Columbia, Canada

☆ A doll, old letters and house keys: How displaced Palestinians are holding onto identity
▼ + stars: | 2024-07-27 | by ( Billy Stockwell | Sana Noor Haq | ) edition.cnn.com time to read: +14 min

“I cried for my area, my house, and everything around me,” Al-Hasanat told CNN in June. Several Palestinians told CNN they could take only their most significant personal items on long and hazardous journeys of displacement. Israeli strikes destroyed several of the university’s buildings in the early days of the war, Palestinian news agency WAFA reported. Students told CNN days spent on campus have been replaced by repeated displacement and bloodshed. Courtesy Raghad Ezzat HamoudaWith no end to the war in sight, other Palestinians told CNN they have held onto their house keys as a reminder of home.

Persons: Ahmed Al, Hasanat, Al, ” Al, “ Ayten, Dad, ’, ‘, ’ ”, Khan Younis, Ahmad Salem, “, ” Ahmed Al, Fadi Adwan, WAFA, ”, Haya Ismail, Refaat Alareer, Ismail, Dina, Dr, ” Ismail, Fadi, Rochelle Davis, –, Adwan, Ezzat Hamouda, Hamouda, Tamam –, Raghad Ezzat, Scott Webster, Israel, Davis, Samah, Ayten Organizations: CNN, United Nations, Bloomberg, Getty Images Israel, Hamas, Ministry of Health, Islamic, of Gaza, UN, Ministry of Education, Higher, Students, Georgetown University, “, Palestine, IDF, Government Media Office, Museum of, Palestinian, University of Sydney, Amnesty, Getty, Shifa, UNICEF, Government Media, Palestinian Ministry of Health, West Bank Locations: Gaza, Al, Mughraqa, Palestine, Israel, Palestinian, Rafah, Gaza City, Deir Al, Beit Lahia, Ramallah

☆ Climate change is gentrifying neighborhoods. In Miami, residents fear high prices — and a lost soul
▼ + stars: | 2024-07-27 | by ( Greg Iacurci | ) www.cnbc.com time to read: +16 min

Part of the building site of the Magic City development in Little Haiti. Among the properties is Sixty Uptown Magic City, billed as a collection of luxury residential units. Plaza Equity Partners, a real estate developer and one of the Magic City partners, did not respond to CNBC's requests for comment. Magic City development site in Little Haiti. Magic City investors also invested $31 million in the Little Haiti Revitalization Trust, created and administered by the City of Miami to support community revitalization in Little Haiti.

Persons: Greg Iacurci, Greg Iacurci MIAMI — Nicole Crooks, James Brown, Sam Cooke, Ray Charles, Aretha Franklin, Ella Fitzgerald, Jackie Robinson, Joe Louis, Overtown, Crooks, Nicole Crooks, Carl Gershenson, Gershenson, Moody's, Robert Zangrillo, Princeton's Gershenson, Andrew Rumbach, Chris Rogers, Rumbach, Brown, Fredericka Brown, Carolyn Donaldson, Greg Iacurci Carolyn Donaldson, Donaldson, David Arditi, Greg Iacurci Flood, Arditi, homebuyers, Han Li, Richard J, Grant, Todd Crowl, Urban Institute Paulette Richards, Richards, who's, Carl Juste, Greg Iacurci Carl Juste's, — Viter, Maria Juste, Little, Little Haiti —, " Juste, Juste, Neil Fairman Organizations: Lyric, Greg Iacurci MIAMI, Catalyst Miami, Princeton University Eviction, Magic City, Liberty City —, Dade, Harvard University, Florida International University, Magic City Innovation, Dragon, Miami ZIP, Liberty City, Miami, West Palm Beach, Boca Raton, Urban Institute, Marshall Fire, Photodisc, Georgia Institute of Technology, Brookings Institution, Macedonia Missionary Baptist Church, Macedonia Missionary Baptist, Grove Rights, Community Equity, Development, Developers, City, Aria Development, Federal Emergency Management Agency, University of Miami, Florida International University Institute of Environment, Women, Leadership Miami, Little Haiti, Magic City Innovation District, Dragon Global, Magic, Plaza Equity Partners, Lune, Lambert, Little Haiti Revitalization Trust Locations: Miami's Overtown, Miami, Overtown , Miami, Magic, Little Haiti, U.S, Zillow, Overtown, Allapattah, Liberty, Dade County, Kendall, West Palm, Delray, Honolulu, Louisville , Colorado, Colorado, Coconut Grove, Macedonia, West, West Grove, Bahamas, Grove, City of Miami, Brickell, Caribbean, Liberty City, Haitian Diaspora, Magic City, Lune Rouge

☆ At least 11 people injured after projectiles reportedly fired from Lebanon into Israel
▼ + stars: | 2024-07-27 | by ( Lauren Izso | Catherine Nicholls | ) edition.cnn.com time to read: +2 min

CNN —At least 11 people have been injured after projectiles were reportedly fired from Lebanon into Majdal Shams, Golan Heights on Saturday, according to the Israel Defense Forces and Israel’s national emergency service. “A short while ago, sirens sounded in the area of Majdal Shams. One projectile was identified crossing from Lebanon toward the area. People react at a site where a reported strike from Lebanon fell in Majdal Shams village in the Israeli-annexed Golan area on July 27, 2024. We immediately began triaging the injured, some of the injured were sent to local clinics and our teams were also directed to the clinics.

Persons: Majdal Shams, Magen David Adom, Jalaa Marey, Idan, “, triaging Organizations: CNN, Israel Defense Forces, MDA, ” Police, Police Spokesperson’s Unit Locations: Lebanon, Majdal, Golan, ”, Majdal Shams, AFP

☆ Kevin Durant set to play in Team USA’s Paris Olympics opener vs. Serbia
▼ + stars: | 2024-07-27 | by ( Joe Vardon | ) www.nytimes.com time to read: +3 min

PARIS – Barring any last-minute setbacks, Kevin Durant will make his 2024 debut with Team USA versus Serbia in their first game of the Paris Olympics after he missed the entire exhibition campaign with a calf strain, coach Steve Kerr said. When asked if he expected Durant to play Sunday, Kerr said “hopefully” — referring to the perennial All-Star making it through Saturday’s practice with no trouble. He ramped up his practices after the U.S. made it to France with a team practice Wednesday in Lille and a scrimmage Thursday in a Parisian suburb. GO DEEPER For Team USA, a Kevin Durant-Steph Curry reunion brings hope of a needed joltDurant is the most prolific scorer in U.S. men’s history. He has 640 points overall (Olympics and FIBA World Cup play), the most points scored in a single Olympics and a single FIBA competition, the second-most points in a single Olympics and the most points in a FIBA game.

Persons: Kevin Durant, Steve Kerr, Nikola Jokić, Durant, ” Kerr, Kerr, Kawhi Leonard, Steph Curry, LeBron James, Joel Embiid, Garrett W, Ellwood Organizations: PARIS, Team USA, Serbia, Paris Olympics, NBA, Americans, Olympic, Olympics, FIBA, Tokyo Games, USA, Getty Locations: London, U.S, France, Lille, Parisian, Durant, USA

☆ Xi wants the world to know China's military is totally loyal despite the purges
▼ + stars: | 2024-07-27 | by ( Michael Peck | ) www.businessinsider.com time to read: +5 min

China's military is loyal and will faithfully execute the policies set down by the Communist Party. In June, Chinese Leader Xi Jinping reminded the Central Military Commission — the country's top political-military body — that the military reports to the Communist Party. "Xi stressed that political work is always the lifeline of the country's military. "Xi stresses PLA's political loyalty at crucial meeting held in old revolutionary base," read the Global Times headline. Beyond military corruption, Xi also is concerned about what he sees as decadence in Chinese society — especially among young people — which is undermining Chinese military power.

Persons: Xi Jinping, Xi, Mei, he'd, he's, Stalin, Michael Peck Organizations: Service, Communist Party, Central Military Commission, Global Times, Business, Party, Times, People's Liberation Army, PLA, RAND Corp, Taiwan, PLA Rocket Force, CMC, Soviet Union, Political, Red Army, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: China, US, China —, Germany, Soviet Union, Forbes

☆ Will the Seine be ready for Olympic swimming? With dry weather and a little luck
▼ + stars: | 2024-07-26 | by ( David Aldridge | ) www.nytimes.com time to read: +12 min

Being a veteran world-class swimmer — and cyclist, and runner — Taylor Spivey has dealt with worse than Paris’ River Seine. (Bertrand Guay / AFP via Getty Images)Standards for water quality differ in Europe than in the United States. “And that can be associated, on one hand, with the clement weather, dry weather. A month ago, we, basically, we hadn’t had yet a single day where the water quality had been acceptable for the whole year. Right now, probably, today, I would go swim.”GO DEEPER Team USA has owned the Olympic swimming pool — is that about to change in Paris?

Persons: —, — Taylor Spivey, “ I’ve, Spivey, She’s, she’s, ”, “, It’s, there’s, Taylor Spivey, Bertrand Guay, Anne Hidalgo, Victoria, Hans Lucas, we’ve, Dan Angelescu, ” Angelescu, clement, ” Spivey, Angelescu, wouldn’t, hadn’t, Dan Goldfarb, Sina Organizations: Athletic, United, Super, USA Lifesaving International, U.S, Tokyo Olympic, Games, Olympic, Getty, Paris, Eau de Paris, Olympians, Boston, New, Canadian Broadcasting Corporation, USA Locations: Paris, United States, Los Angeles, Tokyo, Seine, American, swimmable, —, AFP, Europe, U.S, Austerlitz, Victoria Valdivia, Philadelphia, Chicago, New York City, ”

☆ Lockheed Martin's new compact hypersonic missile enables America's stealth fighters to engage targets at Mach 5 speeds
▼ + stars: | 2024-07-26 | by ( Alex Hollings | Sandboxx News | ) www.businessinsider.com time to read: +12 min

Hypersonic missiles are weapons that are capable of achieving sustained speeds in excess of Mach 5 while maneuvering. It is a true hypersonic weapon that operates and maneuvers in a high-altitude hypersonic regime," Paul Sudlow from Lockheed Martin Missiles and Fire Control previously told Sandboxx News. AdvertisementAdding the Mako missile to America's stealth fightersA render of an F-35 equipped with Mako missiles. Designed in a 'digital engineering ecosystem'A render shows the Mako hypersonic missile in flight. Leon Neal/Getty ImagesOne of the biggest challenges facing the laundry list of hypersonic weapons in active development for the US military is cost.

Persons: —, Lockheed Martin, Mako, Paul Sudlow, Sudlow, Nano Calvo, Northrop Grumman, Rick Loy, Lockheed Martin's, Lockheed, Lockheed Martin Lockheed Martin, Leon Neal Organizations: Service, Mako, Lockheed, US Air Force, US Navy, Business, Lockheed Martin Missiles, Control, Sandboxx, Air, Sandboxx News, EA, AIM, Air Force, Navy, Marine Corps, Getty, US Air, Northrop, Naval News, Visitors, Defense Department, Congressional Locations: Mako, Lockheed Martin Europe, London

☆ Yen heads for strongest week in 3 months as carry trades unwind
▼ + stars: | 2024-07-26 | by ( ) www.cnbc.com time to read: +3 min

The yen was poised for its strongest week in nearly three months on Friday as traders unwound their long-held bets against the frail currency ahead of crucial U.S. inflation data that could cement rate cut expectations. The yen was poised for its strongest week in nearly three months on Friday as traders unwound their long-held bets against the frail currency ahead of crucial U.S. inflation data that could cement rate cut expectations. The euro was a tad stronger at $1.0853 but is down 0.35% for the week, its steepest weekly decline since early June. The souring risk sentiment this week has weighed heavily on the Aussie and the New Zealand dollar . The Aussie is down 2% for the week, its worst weekly performance since November 2023.

Persons: James Athey, Ben Bennett, they're Organizations: Marlborough Investment Management, Federal, Fed, Traders, Bank of Japan, Legal, General Investment Management, New Zealand Locations: Tokyo, Asia, Pacific

☆ NatWest to buy Metro Bank mortgage portfolio after 16% profit fall
▼ + stars: | 2024-07-26 | by ( ) www.cnbc.com time to read: +1 min

The logo of NatWest, a retail unit of RBS, outside a bank branch in London, U.K., on Tuesday, June 26, 2012. NatWest's first-half pretax operating profit fell by a less than expected 16% to 3 billion pounds ($3.86 billion), it said on Friday, with margins hit by mortgage market competition and savers shifting deposits to higher-paying products. The British bank also said it would buy a portfolio of prime residential mortgages from Metro Bank for 2.4 billion pounds as it looks to build up its retail banking business. Income for the year is expected to reach about 14 billion pounds, up from an earlier forecast of between 13 billion and 13.5 billion pounds. The results followed a similar update from rival Lloyds Banking Group on Thursday, which reported a 14% fall in first-half profit but offered signs of optimism for the economic outlook in the second half.

Persons: NatWest's, Paul Thwaite Organizations: NatWest, RBS, Metro Bank, Lloyds Banking Group Locations: London

☆ Apple and Microsoft are among the 'Magnificent Seven' stocks set to report next week. Here's what that means
▼ + stars: | 2024-07-26 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

On Friday, the tech-heavy S & P 500 and Nasdaq Composite ended the week with losses, down 0.8% and 2.1%, respectively. However, the bulk of Magnificent Seven results is set for release in the week ahead. As it is, all seven of the Magnificent Seven companies closed out the week with losses. FOMC meeting, July jobs report Elsewhere, investors will also be reviewing the latest Federal Reserve interest rate decision set for release on Wednesday. Traders will also get insight into the labor market next week, with the release of the July jobs report on Friday.

Persons: Russell, Ryan Grabinski, John Belton, Tesla, Belton, FactSet, Stanley Black, Decker, Lam, Kraft Heinz, Ingersoll Rand Organizations: Nasdaq, Dow Jones Industrial, Microsoft, Facebook, Apple, Nvidia, 2H, 3Q, Gabelli, Traders, Dallas Fed, Semiconductor, Nation Entertainment, Electronic Arts, Starbucks, Match Group, Caesars Entertainment, Corning, Howmet Aerospace, Procter, Gamble, Pfizer, Merck, Co, PayPal, ADP, Civilian Workers, Chicago PMI, MGM Resorts International, Allstate, Lam Research, eBay, Qualcomm, Western, Cruise Line Holdings, Hess, Boeing, Mobile, Marriott International, GE Healthcare Technologies, Generac Holdings, Mastercard, Labor, PMI, Manufacturing, Intel, Holdings, Motorola Solutions, Technology, Air Products, Chemicals, Jobs, Exxon Mobil, Chevron Locations: Chicago, Albemarle, Kellanova, Hershey, Moderna

☆ Search competition fears hit Alphabet stock yet again. We see no reason to join the sellers
▼ + stars: | 2024-07-26 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

ChatGPT creator OpenAI on Thursday announced a prototype of its search engine, SearchGPT, in an effort to directly compete with Google Search. "Not really seeing any decline in web traffic away from web search" despite the popularity of AI chatbots," Marks said Friday. Alphabet's efforts to incorporate generative AI into Google Search — dubbed "AI Overviews" — are resonating with users, CEO Sundar Pichai said on the conference call. He added that people are looking for help with complex topics are engaging more and keep coming back for AI Overviews. To be sure, the AI threats to Google Search is not the only question on Alphabet investors' minds.

Persons: OpenAI, Jeff Marks, It's, Marks, OpenAI's SearchGPT, Bing, That's, Rosenblatt, Alphabet's, Sundar Pichai, Pichai, There's, Jim Cramer's, Jim Cramer, Jim, Idrees Abbas Organizations: Google, Microsoft, Nasdaq, Investor, Rosenblatt, Bing, Bank of America, Citigroup, Citi, Management, CNBC, Getty

☆ What can drive Apple stock from here? Much more than the iPhone maker's earnings next week
▼ + stars: | 2024-07-26 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Any commentary on initial interest in Apple Intelligence will determine where shares go next. As of Wednesday, Apple stock gained about 13% year to date — just shy of the S & P 500 's 2024 performance. The bull/bear debate on Apple depends on whether the benefits of Apple Intelligence are "priced in" at current levels. Yes, the iPhone will be the greatest, most direct way for Apple to realize financial benefits from Apple Intelligence in the near term. Apple will announce plans to incorporate artificial intelligence (AI) into Apple software and hardware.

Persons: There's, Jim Cramer's, Jim Cramer, Jim, Tim Cook, Justin Sullivan Organizations: Apple, Big Tech, Developers, Apple Intelligence, Barclays, JPMorgan, CNBC, Apple Worldwide Developers Locations: what's, geolocation, Cupertino , California

☆ Fashion week to return to Kyiv for the first time since 2022
▼ + stars: | 2024-07-26 | by ( Leah Dolan | ) edition.cnn.com time to read: +5 min

CNN —The organizers of Ukrainian Fashion Week have announced the event’s 55th season in September will take place in Kyiv — the first time since Russia invaded the country on February 24, 2022. “We still have war in the whole country, and we feel the war in the whole country,” Lisa Ushcheka, head of international communications for Ukrainian Fashion Week, told CNN in a video call. From left to right: Ksenia Schnaider, Ivan Frolov and Julie Paskal backstage ahead of the Ukrainian Fashion Week show during London Fashion Week in February 2023. “Because it’s a historical event, a fashion week taking place in a country where there is a war going on.”For Frolov, the prospect of staging a return show in Kyiv is emotionally overwhelming. I was born in Kyiv and Kyiv is everything to me.

Persons: Vladimir Putin, ” Lisa Ushcheka, ” Ushcheka, Schnaider, Ivan Frolov, Julie Paskal, Jeff Spicer, influencers, Ushcheka, ”, Frolov, Ksenia, “ Organizations: CNN, Ukrainian, Kyiv —, Arsenal, and Culture, UK Defense Ministry, Ukrainian Fashion, London, BFC, Getty, Foreign, Commonwealth, Development, US Department of State, Culture, Kyiv Locations: Kyiv, Russia, “, Ukraine, Moscow, Ukrainian, Berlin, London, Copenhagen, Paskal

☆ Warner Bros. Discovery sues NBA to secure media rights awarded to Amazon
▼ + stars: | 2024-07-26 | by ( Alex Sherman | ) www.cnbc.com time to read: +4 min

Warner Bros. Warner Bros. Discovery matching rights when it signed its previous media deal in 2014. Discovery's matching rights agreement is five pages long, and the company believes it has a strong case, the people said. Owning NBA rights is valuable to the health of Warner Bros.

Persons: Max, Discovery's Turner, Discovery, That's, Luis Silberwasser Organizations: Warner Bros . Discovery, National Basketball Association, TNT Sports, TNT, NBA, Disney, Comcast, Warner Bros, Discovery's Turner Sports, Amazon, Amazon Prime, Discovery, Media

☆ Strong earnings from industrial AI play Dover prove the stock belongs in our portfolio
▼ + stars: | 2024-07-25 | by ( Jim Cramer | ) www.cnbc.com time to read: +8 min

Dover's active portfolio management and commitment to capital returns sweeten the investment case. Tobin said the moves will boost Dover's clean-energy portfolio and decrease its exposure to more cyclical capital equipment businesses. I think that what's doing better than planned as the margin performance of the business has just been exemplary through the quarter," Tobin said. Guidance Dover now expects adjusted full-year earnings per share between $9.05 and $9.20, up from its previous range of $9.00 to $9.15. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: —, Ingersoll Rand, Jim Cramer, Richard Tobin, Tobin, Encouragingly, It's, Marshall Excelsior, Demaco —, we've, That's, it's, DOV YTD, Dover, biopharma —, Danaher, he's, Jim Cramer's, DOV, Jim, Rafael Henrique Organizations: LSEG, IDEX Corp, Dover, Environmental Solutions Group, Engineered Products, Management, Solutions, Sustainability Technologies, Sustainability Tech, Environmental Solutions, CNBC, Getty Locations: Dover, Veralto, Michigan, biopharma

☆ Nvidia supplier SK Hynix posts highest quarterly profit in 6 years on AI chip leadership
▼ + stars: | 2024-07-25 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +3 min

A man walks past a logo of SK Hynix at the lobby of the company's Bundang office in Seongnam on January 29, 2021. SK Hynix, one of the world's largest memory chipmakers, on Thursday said second-quarter profit hit its highest level in 6 years as it maintains its leadership in advanced memory chips critical for artificial intelligence computing. Here are SK Hynix's second-quarter results compared with LSEG SmartEstimate, which is weighted toward forecasts from analysts who are more consistently accurate:Revenue: 16.42 trillion Korean won (about $11.86 billion), vs. 16.4 trillion Korean won16.42 trillion Korean won (about $11.86 billion), vs. 16.4 trillion Korean won Operating profit: 5.47 trillion Korean won, vs. 5.4 trillion Korean wonOperating profit in the June quarter hit its highest level since the second quarter of 2018, rebounding from a loss of 2.88 trillion won in the same period a year ago. The South Korean giant supplies high-bandwidth memory chips catering to AI chipsets for companies like Nvidia. High-bandwidth memory chip supplies have been stretched thanks to explosive AI adoption fueled by large language models such as ChatGPT.

Persons: LSEG, SK Kim, Kim Organizations: SK Hynix, SK Hynix's, Nvidia, SK, Daiwa, Micron, Samsung Locations: Seongnam

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