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☆ The stock market has been flipped and investors are taunting the Fed
▼ + stars: | 2023-02-21 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

As my colleague Matthew Fox writes, the stock market has been completely flipped upside down so far in 2023. This is the type of trading behavior you'd expect to see when interest rates are closer to 0% than 5%. To Kolanovic, the errant investor behavior foreshadows a plunge in the stock market. US stock futures fall early Tuesday, as investors stay worried that persistent inflation means interest rates will stay higher for longer. SoFi's Liz Young warned that a lack of reserve funds could stop this year's stock market rally: "What the equity market is not pricing in at this point, or is not worried enough about, is consumer spending."

☆ This is a seminal quarter for Coinbase, says Wedbush's Dan Ives
▼ + stars: | 2023-02-21 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThis is a seminal quarter for Coinbase, says Wedbush's Dan IvesDan Ives of Wedbush Securities joins 'Closing Bell' to discuss Coinbase stock ahead of the company's earnings announcement. He also looks at Palo Alto Networks.

☆ Elon Musk is currently working for Tesla for free. That could be about to change
▼ + stars: | 2023-02-20 | by ( Chris Isidore | ) edition.cnn.com time to read: +5 min

New York CNN —For the moment at least, Elon Musk is working at Tesla for free. And last month the company disclosed Musk received the last remaining block of options granted under an even more lucrative 2018 pay package. Tesla stock closed Friday at $208.31. Still, some believe that the Tesla board could soon announce a new pay package for Musk. Some Tesla shareholders challenged the 2018 deal in a Delaware court, even though it was overwhelmingly approved by shareholders at that time.

☆ Tim Cook's mysterious silence on ChatGPT is making Apple look out of touch
▼ + stars: | 2023-02-16 | by ( Emilia David | ) www.businessinsider.com time to read: +4 min

Apple CEO Tim Cook needs to balance AI development with its ongoing supply chain issues. Apple CEO Tim Cook himself has said that AI "will affect every product and service we have." Delivering an interesting AI product is not the only problem Apple needs to address. Apple faced supply chain issues in 2021, delaying the delivery of the iPhone 14 Pro after protests around Covid-19 shutdowns temporarily closed its Chinese manufacturing hubs. The company has talked about diversifying its supply chain process, which could take decades.

☆ This is an A.I. arms race that's happening, says Wedbush's Dan Ives
▼ + stars: | 2023-02-14 | 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 EmailThis is an A.I. arms race that's happening, says Wedbush's Dan IvesDan Ives of Wedbush Securities joins Frank Holland and the 'CNBC Special: Taking Stock' to discuss AI stocks. He also talks about shares of Palantir soaring today, what's behind the company's surge and the other companies that could benefit.

☆ Lyft says lower prices to hit profit, shares drop 30%
▼ + stars: | 2023-02-10 | by ( Nivedita Balu | ) www.reuters.com time to read: +3 min

President John Zimmer said in an interview with Reuters that the company planned "lower prices" and fewer hours of peak pricing, which he called "less prime time." Lyft had room to lower prices because the market was strong, he added. Uber shares were down 2.5%, a day after Uber reported a surprise fourth-quarter profit and forecast a current-quarter profit well above the average analyst estimate. Lyft forecast first-quarter revenue of about $975 million, below analyst estimates of $1.09 billion, according to Refinitiv data. Chief Financial Officer Elaine Paul blamed the forecast on seasonality and lower prices, including fewer Prime Time hours.

☆ Lyft posts worst trading day ever after grim earnings report shows the company falling behind Uber
▼ + stars: | 2023-02-10 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +3 min

Lyft plunged 36% on Friday after the company posted a disappointing Q1 revenue forecast. The ride-hailing brand expects $975 million in revenue during the period, missing estimates of $1.09 billion. Elsewhere, Uber reported its strongest quarter ever with revenue up 49% year-over-year. The company said it expects to generate around $975 million in revenue during the first quarter of 2023, missing analyst estimates of $1.09 billion. Lyft exceeded Wall Street's expectations for fourth-quarter revenue at $1.18 billion, compared to estimates at $1.16 billion, according to Refinitiv.

☆ Heavyweight tech battle: How Microsoft and Alphabet stack up against each other in the A.I. war
▼ + stars: | 2023-02-10 | by ( Samantha Subin | ) www.cnbc.com time to read: +9 min

"It's a new day in search," Microsoft CEO Satya Nadella said Tuesday during an AI event held at the company's headquarters, saying that the "race starts today." So far, Microsoft is making significant headway within AI and rising in popularity in the tech world. Alphabet, he added, "got beaten to market by Microsoft" despite its investments in the space. Alphabet Microsoft may be taking the lead on AI in the near term, but investors shouldn't sleep on Alphabet just yet. "We believe GOOGL has the AI tech and scale to maintain/grow its leading user base," said Morgan Stanley's Brian Nowak in a Thursday note.

☆ Lyft's earnings prove it's Uber's little brother, says Wedbush's Dan Ives
▼ + stars: | 2023-02-09 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLyft's earnings prove it's Uber's little brother, says Wedbush's Dan IvesDan Ives, Wedbush Securities, joins 'Closing Bell: Overtime' to discuss Lyft's earnings report and how the company compares to Uber.

☆ Lyft beats on top and bottom lines, guidance down
▼ + stars: | 2023-02-09 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLyft beats on top and bottom lines, guidance downCNBC's Deirdre Bosa joins 'Closing Bell: Overtime' to report on Lyft's earnings. Wedbush's Dan Ives reacts to the report.

☆ Watch CNBC’s full interview with Requisite's Bryn Talkington, Odyssey’s Jason Snipe and Wedbush's Dan Ives
▼ + stars: | 2023-02-09 | 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 Requisite's Bryn Talkington, Odyssey’s Jason Snipe and Wedbush's Dan IvesRequisite's Bryn Talkington, Odyssey’s Jason Snipe and Wedbush's Dan Ives join 'Closing Bell: Overtime' to discuss markets, the Fed and activist investing. The panel also reacts to Lyft and PayPal earnings.

☆ Google's big reveal for its ChatGPT rival Bard was full of fear and FOMO
▼ + stars: | 2023-02-08 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

Google is in a weird position after the release of ChatGPT by a rival firm. Its unveiling of ChatGPT rival Bard was accordingly an odd mix of FOMO and fear. But unlike ChatGPT, which has now amassed 100 million users, Bard will only be available to "trusted testers." Hence the FOMO Bard reveal — on the eve of a competing announcement from Microsoft to show off an AI-enabled Bing. For Google, which sees AI as "the most profound technology we are working on today," Bard can't be the latter.

☆ Wedbush's Dan Ives is bullish on Uber, expects good earnings from Lyft
▼ + stars: | 2023-02-08 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWedbush's Dan Ives is bullish on Uber, expects good earnings from LyftDan Ives, Wedbush Securities, joins 'Closing Bell' to discuss upgrading Uber to outperform as well as how he feels about Lyft.

☆ Microsoft to infuse software with more AI as Google rivalry heats up
▼ + stars: | 2023-02-07 | by ( Jeffrey Dastin | ) www.reuters.com time to read: +2 min

Microsoft is staking its future on AI through billions of dollars of investment. Working with the startup OpenAI, the company is aiming to rival Alphabet Inc's (GOOGL.O) Google and potentially claim vast returns from tools that speed up all manner of content creation, automating tasks if not jobs themselves. “This technology is going to reshape pretty much every software category," said Microsoft Chief Executive Satya Nadella, in a briefing for reporters at Microsoft headquarters in Redmond, Washington. "Microsoft is looking to win this AI battle," he said in a research note on Monday. Last week Microsoft announced the startup's AI will generate meeting notes in Teams, its collaboration software, as well as suggest email replies to vendors using its Viva Sales subscription.

☆ Microsoft set to hold mystery event as ChatGPT competition heats up
▼ + stars: | 2023-02-07 | by ( Clare Duffy | ) edition.cnn.com time to read: +3 min

Seattle CNN —Microsoft on Tuesday is set to hold a mystery event at its Redmond, Washington headquarters, weeks after it confirmed plans to invest billions in OpenAI, the company behind ChatGPT. Microsoft (MSFT) has not announced the topic of the event, which kicks off at 1 p.m. Excited for the event tomorrow.”On Monday, Microsoft publicly confirmed the event shortly after its online search rival Google (GOOGL) announced plans to roll out its own artificial intelligence tool similar to ChatGPT in the coming weeks. Many have speculated the AI technology behind ChatGPT could cause a massive shake-up in the online search industry. On Monday, Google unveiled a new chatbot tool dubbed “Bard” in an apparent bid to compete with the viral success of ChatGPT.

☆ Microsoft packs Bing search engine, Edge browser with AI in big challenge to Google
▼ + stars: | 2023-02-07 | by ( Jeffrey Dastin | ) www.reuters.com time to read: +4 min

Microsoft is staking its future on AI through billions of dollars of investment as it directly challenges Alphabet Inc's (GOOGL.O) Google. “This technology is going to reshape pretty much every software category," Microsoft Chief Executive Satya Nadella told reporters in a briefing at Microsoft headquarters in Redmond, Washington. On Monday it unveiled a chatbot of its own called Bard, while it is planning to release AI for its search engine that can synthesize material when no simple answer exists online. PRACTICAL USESAt the event, Mehdi demonstrated how the AI-enhanced search engine will make shopping and creating emails much easier. For the quarter ending Dec. 31, Alphabet reported $42.6 billion in Google Search and other revenue, while Microsoft posted $3.2 billion from search and news advertising.

☆ Tesla just ignited a price war in electric vehicles. Investors should see it as an opportunity
▼ + stars: | 2023-02-06 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +11 min

The event may have created a compelling entry point for investors who have been on the sidelines of the long-term shift to electric vehicles. Electric vehicles are becoming much more popular in the U.S. but still make up a small portion of automobiles on the roads. Cutting prices certainly caught the eye of consumers and boosted interest in Tesla vehicles, according to data from Edmunds. And, there are still issues with electric vehicles that make them impractical for large groups of consumers, said Mike Ward, an analyst at The Benchmark Company. There’s also a huge potential in firms that make batteries, key parts of electric vehicles that are also seeing surging share prices.

☆ Baidu, the Chinese search engine giant, announces ChatGPT-style AI bot
▼ + stars: | 2023-02-06 | by ( Michelle Toh | ) edition.cnn.com time to read: +2 min

Hong Kong CNN —Chinese search engine giant Baidu says it will be launching its own ChatGPT-style service. It will launch a new artificial intelligence chatbot called “Wenxin Yiyan” in Chinese, or “Ernie Bot” in English, a spokesperson told CNN on Tuesday. Baidu (BIDU) is currently testing the project internally and will likely roll out the service to users in March, the person said. The company did not provide further details, such as how the tool would look or whether it would appear as a feature within its popular search engine. Baidu’s AI investments can be seen as “both an offensive and defensive strategic move in China,” Daniel Ives, managing director of Wedbush Securities, told CNN.

☆ Ford Mustang Mach-E has a mile of wires it didn't need. That's a big deal
▼ + stars: | 2023-02-04 | by ( Chris Isidore | ) edition.cnn.com time to read: +5 min

Ford CEO Jim Farley was rather blunt about the problems that Ford experienced as it rolled out its hot EV models, the Mustang Mach-E and the F-150 Lightning pickup. While both vehicles have a long list of waiting customers, Farley admitted that Ford encountered numerous problems with their production. They resumed last year, but GM ended up with total US EV sales of just under 40,000. In 2022 Ford’s US EV sales came to just under 62,000, roughly a tenth Tesla’s US sales that year. That means about 600,000 US Tesla sales for the year.

[1/3] Tesla CEO Elon Musk and his security detail depart the company’s local office in Washington, U.S. January 27, 2023. Ives added that some Tesla investors feared Musk might have to sell more Tesla stock if he lost. Tesla investors have expressed concerns that running the social media company has taken up too much of his focus. During the three-week trial, Musk spent nearly nine hours on the witness stand, telling jurors he believed the tweets were truthful. He said his tweets in general did not always affect Tesla stock the way he expects.

☆ Behind the EV price war is an all-out battle for the future of customer loyalty in the car business — and it could mean more discounts on the horizon
▼ + stars: | 2023-02-03 | by ( Nora Naughton | ) www.businessinsider.com time to read: +3 min

Ceding profits to market share is an expensive game of chicken, analysts warn. This will be a 'pivotal year' for establishing customer loyalty in the EV market. Chasing market share over profitsBoth companies are opting to cede profits for market share in a pricey game of chicken, analysts said. GM – opting out of the pricing war for now – is going after customer loyalty with an EV helpline open to all electric car owners. But if history is any guide, more companies will join in the price slashing if their market share starts to slip.

☆ Meta's layoffs were expensive — it may have spent more than $88,000 per employee to cut 11,000 from the ranks
▼ + stars: | 2023-02-02 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +2 min

Facebook CEO Mark Zuckerberg cut 13% of the company's workforce in November. Facebook/MetaIn November 2022, Meta laid off more than 11,000 employees, or 13% of its workforce. It's possible the company spent around $88,000 a person in cutting those employees. The number comes from dividing the $975 million that the company paid in "Severance and Other Personnel" costs by 11,000, approximately the number of employees the company cut in November. In the company's fourth-quarter earnings release posted Wednesday, CEO Mark Zuckerberg warned that Meta's management theme for 2023 was 'Year of Efficiency.'

☆ Microsoft's landmark deal with OpenAI shows that ChatGPT is going to be the defining technology of 2023
▼ + stars: | 2023-02-02 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +7 min

It remains to be seen how generative AI will transform our lives, but the tech is here to stay. In 2022, investors put at least $1.37 billion into generative AI startups, usually at the seed stage. Why this iteration of ChatGPT made generative AI so popular right nowIt's important to note that nothing about ChatGPT or generative AI is especially new or novel. In other words, OpenAI's real innovation was taking AI technology that was already out there and making it something that was easy and accessible to anybody. That's one reason why there will be a lot more business uses for generative AI technology than consumer use cases in the near term, said Mark Shmulik, a Bernstein analyst.

☆ Wedbush's Dan Ives on Apple earnings: Much better than feared
▼ + stars: | 2023-02-02 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWedbush's Dan Ives on Apple earnings: Much better than fearedHightower’s Stephanie Link, CIC Wealth’s Malcolm Ethridge and Wedbush’s Dan Ives, join 'Closing Bell: Overtime' to weigh in on Apple's earnings.

☆ Your earnings investing playbook for the big Apple, Amazon and Alphabet results after the bell
▼ + stars: | 2023-02-02 | by ( Jesse Pound | ) www.cnbc.com time to read: +6 min

Thursday is a massive day for tech investors, as Amazon , Apple and Google-parent Alphabet are all set to report fourth-quarter earnings after the market close. Here are some key stats about Amazon's earnings report: Over the past three months, earnings estimates have fallen from nearly 22 cents per share to about 17, according to FactSet. Here are some key stats about Apple's earnings report: Over the past three months, earnings estimates have dropped from about $2 per share to roughly $1.94, according to FactSet. Alphabet Alphabet's earnings report could provide investors a clear window into the tech industry more broadly, given the company's reliance on search advertising and cloud computing. Here are some key stats about Alphabet's earnings report: Over the past three months, earnings estimates have declined by about 2 cents per share to roughly $1.18, according to FactSet.

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