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☆ CNBC Daily Open: The real question isn’t the Fed’s first cut, but where it goes after
▼ + stars: | 2024-09-16 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +4 min

CNBC's Sarah Min breaks down how a rate cut could affect the S&P 500 . Welcome to U.S. rate cut week! Furthermore, jumbo hikes of 75 basis points were enacted between June 2022 to November 2022. But given that the rate cut has been so clearly telegraphed by the Fed, it's hard to imagine it not happening. This cut might not be big in terms of basis points, but it will be big in what it signals to markets.

Persons: It's, Sarah Min, Donald Trump, Rafael Barros, Cat Stevens, Aditya Bhave, CNBC's Pia Singh, Hakyung Kim, Brian Evans Organizations: Eccles Federal Reserve, CNBC, U.S . Federal Reserve, China's National Bureau, Statistics, Republican, Federal Bureau of Investigation, Secret Service, U.S, Federal, Fed, Bank of America U.S Locations: Washington , DC, Florida, U.S

☆ CNBC Daily Open: After the Fed’s first cut, where to next?
▼ + stars: | 2024-09-16 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +4 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. CNBC's Sarah Min breaks down how a rate cut could affect the S&P 500 . Welcome to U.S. rate cut week! But given that the rate cut has been so clearly telegraphed by the Fed, it's hard to imagine it not happening. This cut might not be big in terms of basis points, but it will be big in what it signals to markets.

Persons: It's, Sarah Min, Biden, Donald Trump, Rafael Barros, Cat Stevens, Aditya Bhave, CNBC's Pia Singh, Hakyung Kim, Brian Evans Organizations: Eccles Federal Reserve, CNBC, U.S . Federal Reserve, Discount, China's National Bureau, Statistics, Republican, Federal Bureau of Investigation, Secret Service, U.S, Federal, Fed, Bank of America U.S Locations: Washington , DC, Florida, U.S

☆ Apple leads tech sell-off after analyst warns of light iPhone 16 demand
▼ + stars: | 2024-09-16 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

Apple shares were down 3% on Monday, leading a drop in the wider tech sector. The slide came after analyst Ming-Chi Kuo warned of light iPhone 16 demand. The lack of demand for the newest iPhone is likely because Apple has yet to roll out its most anticipated new feature, Apple Intelligence, Kuo said. Advertisement"One of the key factors for the lower-than-expected demand for the iPhone 16 Pro series is that the major selling point, Apple Intelligence, is not available at launch alongside the iPhone 16 release," Kuo said in a Sunday note. "In that case, I believe that Apple will implement more aggressive iPhone product strategies in 2025 to stimulate market demand," Kuo said.

Persons: Ming, Chi Kuo, —, TF International Securities analyst Ming, Kuo Organizations: Apple, Semiconductor, Nasdaq, Service, TF International Securities analyst, Apple Intelligence, Dow Jones, Micron, Broadcom, Inc, Taiwan Semiconductor Manufacturing Company

☆ Top Wall Street analysts pick these dividend stocks for attractive returns
▼ + stars: | 2024-09-15 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

To that end, the recommendations of top Wall Street analysts can help investors choose stocks with strong fundamentals and the ability to pay consistent dividends. Here are three dividend stocks, highlighted by Wall Street's top pros on TipRanks, a platform that ranks analysts based on their past performance. MPLX LPWe start this week with MPLX (MPLX), a midstream energy player. Recently, RBC Capital analyst Elvira Scotto reiterated a buy rating on MPLX stock with a price target of $47. The company recently paid a base dividend of $1.25 per share of common stock and a variable dividend of $1.27 per share.

Persons: Wall, Elvira Scotto, Scotto, TipRanks, Scott Hanold, Ivan Feinseth, Feinseth Organizations: Wall, MPLX, RBC Capital, Logistics, Energy, Hanold, Chord Energy, Tigress Locations: buybacks, Williston

☆ Team USA wins Solheim Cup for the first time since 2017
▼ + stars: | 2024-09-15 | by ( Thomas Schlachter | ) edition.cnn.com time to read: +2 min

CNN —The United States reclaimed the Solheim Cup for the first time in seven years with a 15 ½ - 12 ½ victory over the Europeans on Sunday at Robert Trent Jones Golf Club in Gainesville, Virginia. Team USA last won the Solheim Cup in 2017 with Europe winning in 2019 and 2021 before retaining the trophy in 2023 when the teams drew 14-14. 1 Nelly Korda led the USA’s challenge, winning both her matches as the USA underlined its dominance. While Europe looked to fight back on day two, Team USA constantly prevented the Europeans from clawing back the deficit and held on to lead 10-6 after the second day. Europe went into day three needing to repeat the Miracle of Medinah from the 2012 Ryder Cup – the men’s equivalent of the Solheim Cup.

Persons: Robert Trent Jones, Lilia Vu, Europe’s Albane Valenzuela, “, ” Vu, she’s, didn’t, USA's Lilia Vi, Robert Trent Golf, Robert Trent Golf Club Gregory Shamus, Nelly Korda, –, Charley Hull, Korda, Megan Khang, Rose Zhang, Corpuz, Andrea Lee, Lauren Coughlin, Vu, CNN’s, De la Fuente Organizations: CNN, Solheim, Robert Trent Jones Golf Club, Robert Trent, Robert Trent Golf Club, USA, Team USA, Europe, US Locations: United States, Gainesville , Virginia, Virginia, Europe, clawing

☆ China’s retail sales and industrial data miss expectations in August
▼ + stars: | 2024-09-14 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +2 min

BEIJING — China's retail sales, industrial production and urban investment in August all grew slower than expected, according to National Bureau of Statistics data released Saturday. Retail sales rose by 2.1% in August from a year ago, missing expectations of 2.5% growth among economists polled by Reuters. Fixed asset investment rose by 3.4% for the January to August period, slower than the forecast of 3.5% growth. The urban unemployment rate was 5.3% in August, an uptick from 5.2% in July. The youth unemployment rate in July was 17.1%.

Persons: Liu Aihua Organizations: National Bureau, Statistics, Reuters, Investment, National Bureau of Statistics Locations: Hangzhou, China, BEIJING

Lower interest rates may impact your investment portfolio following the Fed's first rate cut. "They get spooked by something like policy changes and sell out of a diversified investment portfolio. "Generally, lower interest rates boost the economy as lending gets cheaper for consumers and businesses, " says Eckles. However, as interest rates fall, the attractiveness of these cash investments declines. The inverse relationship between bond prices and interest rates means that as rates fall, bond prices rise, providing another return component.

Persons: Banks, Goldman Sachs, JP Morgan, Bakkum, Pam Krueger, annualized, Jaime Eckles, Plante Moran, doesn't, We've, Krueger, Cash Organizations: Federal Reserve

☆ Cramer: I wouldn't boot any of our 12 core stocks. If anything, I'd add one more
▼ + stars: | 2024-09-13 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +4 min

The 12 core Investing Club portfolio stocks that we identified at our Annual Meeting in February are the 12 we still stand by. Wells Fargo Why we own it We bought Wells Fargo as a turnaround story under CEO Charlie Scharf. Why we own it GE Healthcare is the global leader in medical imaging, diagnostics, and digital solutions in health care. Fed interest rate cuts can also help hospitals finance the MRI and CT scan machines that GE Healthcare is known for. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, Eli Lilly, Jim, Wells, Charlie Scharf, He's, Scharf, Wells Fargo, Lilly, Jim Cramer's Organizations: Apple, Costco, GE Healthcare, Linde, Microsoft, Nvidia, TJX Companies, Bank of America, Citigroup, GE, General Electric, Philips, Siemens, Jim Cramer's Charitable, CNBC Locations: Danaher, Eaton, Wells Fargo

☆ Swallowed eels escape via predator fish’s gills
▼ + stars: | 2024-09-13 | by ( Mindy Weisberger | ) edition.cnn.com time to read: +6 min

Dark sleeper fish (Odontobutis obscura) can gulp down young Japanese eels (Anguilla japonica) whole, but the swallowed eels can wriggle back up through the digestive tract and out of the stomach, swimming to freedom through the bigger fish’s gills, scientists recently discovered. “Witnessing the eels’ desperate escape from the predator’s stomach to the gills was truly astonishing for us.”A Japanese eel exhibits circling behavior along a predator's stomach wall in this X-ray video footage. But while they observed swallowed eels wriggling tailfirst from dark sleepers’ gills, “we had no understanding of their escape routes and behavioral patterns during the escape because it occurred inside the predator’s body,” Hasegawa said via email. Once a predator swallowed an eel, the sated fish was quickly moved to a special tank where the X-ray video camera was ready to roll. On average, it took about 3 ½ minutes for a swallowed eel to reappear and swim away.

Persons: ”, Yuha Hasegawa, Yuuki Kawabata, ichthyologist Kory Evans, “, ” Evans, ’ Hasegawa, Kazuki Yokouchi, Nagasaki University —, ” Hasegawa, Prosanta, Mindy Weisberger Organizations: CNN, Graduate School of Fisheries, Environmental Sciences, Japan’s Nagasaki University, “, biosciences, Rice University, Japan Fisheries Research, Education Agency, Nagasaki University, Louisiana State University, LSU Museum of Natural Science, Scientific Locations: Anguilla, Houston

The bottom line: You may like First Internet Bank of Indiana if you are comfortable with an online-only banking experience. Compare First Internet Bank of Indiana products First Internet Bank of Indiana Free Savings AccountFirst Internet Bank of Indiana Free Checking AccountFirst Internet Bank of Indiana CDFirst Internet Bank of Indiana Money Market Account Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. How First Internet Bank of Indiana worksFirst Internet Bank of Indiana is an online bank with no physical branches. First Internet Bank of Indiana trustworthiness and BBB ratingFirst Internet Bank of Indiana does not have any public controversies. How First Internet Bank of Indiana comparesWe've compared First Internet Bank of Indiana to two other online banks: Ally Bank and Discover® Bank (FDIC Insured) .

Persons: It's, We've, Ally, You'll Organizations: First, Bank of Indiana, Bank of Indiana Free Savings, Internet Bank of Indiana, Market, First Internet Bank of Indiana's, Bank of Indiana Free, Internet Bank of Indiana Free Savings, FDIC, Plus Alliance, Network, First Internet Bank of Indiana, Alliance, Apple, Google, Internet Bank, Indiana, Better, Bank of, Ally Bank, Discover ® Bank, Discover Locations: Chevron, Bank of Indiana

☆ Jim Cramer says Nvidia gets a do-over on Wall Street — and another big move looms
▼ + stars: | 2024-09-13 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +3 min

Wall Street appears to have given Nvidia a mulligan. A number of positive headlines around AI demand have lifted Nvidia and other stocks that benefit from the adoption of the buzzy tech. "There's kind of a do-over in terms of what happened with [CEO Jensen Huang], what happened with Nvidia," Cramer said on "Squawk on the Street," referring to the response to its much-ballyhooed earnings report Aug. 28 . The Investing Club also has a stake in Broadcom, which like Nvidia had been punished after its recent earnings report. Advanced Micro Devices , another AI chipmaker, and Eaton , which makes electrical equipment used in the expanding data center market, have added about 13% and 7%, respectively, this week.

Persons: CNBC's Jim Cramer, That's, Jensen Huang, Cramer, Larry Ellison, Ellison, Goldman Sachs, Huang, Nvidia's, CNBC's Megan Cassella, Blackwell Organizations: Nvidia, Charitable Trust, CNBC, Oracle, Blackwell, Broadcom, Devices, The Club, AMD, Eaton Locations: U.S, Eaton

☆ UK leads resurgence in European office investment
▼ + stars: | 2024-09-13 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +5 min

Sopa Images | Lightrocket | Getty ImagesLONDON — The U.K. is leading a recovery in Europe's long subdued office real estate market, with overall investment in the sector expected to pick up further in the second half of the year. Overall, European office investment transactions in the first half of the year fell 21% year-on-year to 14.1 billion euros, Savills data showed — a 60% decrease on the five-year H1 average. Europe's divided recoveryThe U.K. real estate market was the first in Europe to undergo a significant contraction following its peak in 2022. "London is leading the way a bit, partly because it repriced earlier and quicker and more significantly," Kim Politzer, head of research for European real estate at Fidelity International, told CNBC over the phone. Kim Politzer head of research for European real estate at Fidelity International

Persons: Mike Barnes, Savills, Kim Politzer, Marcus Meijer, Mark, CNBC's, James Burke, Tom Leahy, Leahy, Europe's, JLL Organizations: Getty, Britain, CNBC, Bank of, Fidelity International, European Central Bank, Nurphoto, U.S Locations: London, Europe, Paris, Stockholm, Berlin, Hamburg, La Défense, France, Ireland, Netherlands, Spain, Italy, Portugal, Southern Europe, Germany

☆ North Korea fires short-range missiles in first launch in two months
▼ + stars: | 2024-09-12 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +3 min

SEOUL, South Korea — North Korea fired multiple short-range ballistic missiles off its east coast on Thursday, South Korea’s military said, the first such launch in more than two months. Japan’s defense ministry said at least two ballistic missiles from North Korea flew about 220 miles, to an altitude of about 60 miles. Japanese Prime Minister Fumio Kishida, who last week visited Seoul to reconfirm ties with South Korea ahead of his upcoming resignation, said Tokyo strongly condemned the launch and lodged a protest against North Korea. “We continue to make utmost efforts for monitoring and cooperate with the U.S. and South Korea,” Kishida said. North Korea faces accusations of supplying Russia with weapons including drones and ballistic missiles to be used in the war in Ukraine.

Persons: “, Fumio Kishida, ” Kishida, Kim Jong Un, ” Kim, Kim Organizations: Joint Chiefs, Staff, South, North, U.S, Seoul’s, Chiefs Locations: SEOUL, South Korea, North Korea, Pyongyang, ”, Seoul, Tokyo, Japan, United, Korea, U.S, Russia, Ukraine, United States, Moscow

☆ Oracle bumps up fiscal 2026 revenue forecast, lifting stock 6%
▼ + stars: | 2024-09-12 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Oracle shares rose about 6% in extended trading on Thursday after the database software maker raised its fiscal 2026 revenue guidance and issued a heady forecast for the 2029 fiscal year. At an analyst meeting coinciding with the Oracle CloudWorld conference in Las Vegas, the company said it now sees at least $66 billion in fiscal 2026 revenue. She pointed to partnerships that will allow companies to use Oracle database software through top-tier cloud providers Amazon , Google and Microsoft . The company's cloud infrastructure revenue grew 45% in the most recent quarter, a quicker pace than at Amazon, Google or Microsoft. As Oracle plans to expand revenue, Catz said she expects capital expenditures to double in the current 2025 fiscal year.

Persons: Safra Catz, LSEG, Catz, Alex Zukin Organizations: Oracle Corp, New York Stock Exchange, Oracle, Google, Microsoft, Nvidia Locations: New York, Las Vegas

☆ CEO of Ford's highly profitable Pro business to retire
▼ + stars: | 2024-09-12 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

Ted Cannis, chief executive officer of Ford Pro, speaks during an interview in New York, on Thursday, July 28, 2022. DETROIT — The head of Ford Motor 's highly profitable "Pro" commercial and fleet business will retire at the end of this month, the company said Thursday. Ford Pro has been a profit-driver for the automaker. It has raked in about $18.7 billion in adjusted earnings and $184.5 billion in revenue since 2021, assisting in offsetting losses of its electric vehicles business. Such results led Wall Street to praise the business, as analysts have called it a "hidden gem" and Ford's "Ferrari ," referring to the highly profitable Italian sports car manufacturer.

Persons: Ted Cannis, DETROIT —, Andrew Frick, Ford, Jim Farley, Wall, Ferrari Organizations: Ford Pro, DETROIT, Ford Motor Locations: New York

☆ Adobe stock slips on soft fourth-quarter revenue guidance
▼ + stars: | 2024-09-12 | by ( Kif Leswing | ) www.cnbc.com time to read: +1 min

Adobe reported third-quarter results on Thursday that beat Wall Street expectations for sales and earnings, but the stock slid 10% in extended trading on fourth-quarter guidance that came up short. Here's how Adobe did for the quarter ending in August versus LSEG consensus estimates:Revenue : $5.41 billion, vs. $5.37 billion expected: $5.41 billion, vs. $5.37 billion expected Earnings per share: $4.65, adjusted, vs. $4.53 estimatedAdobe said it expected earnings per share between $4.63 and $4.68 on revenue in the fourth quarter of between $5.5 billion and $5.55 billion. Analysts polled by LSEG were expecting a forecast of $4.67 of earnings on $5.61 billion of sales. Adobe said it recorded $1.68 billion of net income during the quarter, or $3.76 per diluted share. In total, Adobe recorded $5.18 billion in subscription revenue during the quarter, up 11% year-over-year.

Persons: LSEG Organizations: Adobe, Digital Media

After eight years of threatening to repeal the Affordable Care Act, more commonly known as Obamacare, former President Donald Trump still doesn’t have a comprehensive plan to replace it. People in the U.S. pay roughly twice as much for health care than any other nation on earth. But is it feasible to create a new health care law that reduces the escalating costs? “Right now, Obamacare is the status quo in health care,” said Larry Levitt, executive vice president of health policy at KFF, a nonprofit group that researches health policy issues. Harris has committed to extending the subsidies; Trump has remained silent.

Persons: Donald Trump, ”, John A . Graves, “, Kamala Harris, Trump, ” Trump, —, Larry Levitt, ” Levitt, Graves, Gerard Anderson, ” Graves, Jill Horwitz, David Sanders, “ We’ve, we’ve, ” Horwitz, Horwitz, Harris, Levitt, “ Trump, that’s Organizations: Trump, Vanderbilt University School of Medicine, U.S . Department of, Treasury, Congressional, “ Republicans, ACA, Republicans, Republican, Committee, House Republicans, Johns Hopkins University Bloomberg School of Public Health, Budget, Affordable, Law, Medicine, UCLA School of Law Locations: United States

☆ Willo, a recruitment tech startup, just raised funding from Mimecast's former CEO using this 19-slide pitch deck
▼ + stars: | 2024-09-11 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

Founded in 2018, Willo provides companies in over 180 countries with technology to conduct and process video interviews for job candidates. This story is available exclusively to Business Insider subscribers. During the COVID-19 pandemic, it pivoted to become a solution for hiring remotely using video technology. The company offers one-way recorded video interviews to help employers get what it describes as unbiased and consistent responses from candidates. "We've grown into a more mature product now, with companies able to interview in many different ways," Euan McCameron, CEO at Willo, told Business Insider.

Persons: —, Willo, Euan McCameron, We're, McCameron, Peter Bauer Organizations: Service, Willo, Prada, Samsung, Toyota, Business Locations: Glasgow, Scotland

☆ Large supplies of military gear Britain sent to Ukraine were 'due to be scrapped or replaced' anyway, report says
▼ + stars: | 2024-09-11 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +5 min

Read previewThe UK donated military equipment to Ukraine that was so old it would have been thrown away, according to a new report from the National Audit Office (NAO) published on Wednesday. For example, in March 2022, the UK donated 17,010 pairs of unused army boots that were "nearing the end of their usable life," the report said. It comes against a backdrop of criticism over Western-supplied military equipment to Ukraine. Related storiesUkraine has been receiving military aid from its allies throughout Russia's full-scale invasion, which started in February 2022 . In July, the global military alliance NATO pledged to continue supporting Ukraine with the NATO Security Assistance and Training for Ukraine, or NSATU, a new initiative to coordinate the supply of military aid and training.

Persons: —, NAO, Gareth Davies Organizations: Service, National Audit, UK's Ministry of Defence, Business, MoD, Financial Times, Politico, Russia, NATO, Assistance, Training, Ministry of Defence Locations: Ukraine, Germany, Russia's, Netherlands, Canada, Sweden, Finland, Norway, Denmark, Estonia, Lithuania, New Zealand, Romania, Kosovo, Australia, Ukrainian

☆ Commerzbank shares jump 17% after UniCredit buys 4.5% stake from the German government
▼ + stars: | 2024-09-11 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +2 min

Commerzbank shares jumped on market open on Wednesday, after Italian bank UniCredit acquired a 4.5% stake in the Frankfurt-based lender from the German government. Commerzbank stock was up 17.5% at 9:37 a.m. London time. The stake acquisition marks the first step in Berlin's exit from its position in the German lender. The German government said it had sold around 53.1 million shares — or a roughly 4.49% tranche out of its 16.49% total shareholding — in Commerzbank for roughly 702 million euros ($775 million) to UniCredit. Also on Wednesday, the German lender said Commerzbank chief Manfred Knof will fulfil but not seek to renew his term after the end of his contract in December 2025.

Persons: Commerzbank, Eva Grunwald, UniCredit, Manfred Knof Organizations: UniCredit, Bank, CNBC Locations: Frankfurt, London, Commerzbank, Berlin, Milan

☆ Apple's China rival Huawei just upstaged the iPhone 16 launch
▼ + stars: | 2024-09-10 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

This year, however, one of its top rivals in China has tried to rewrite the script. To make its challenge even clearer, Huawei is putting the Mate XT on sale in stores on September 20 — the same day the iPhone 16 will be available in China. Huawei's Mate XT will go on sale the same day as the iPhone 16 in China. AdvertisementFor some time now, Apple has anxiously been watching iPhone sales tumble in China. AdvertisementBut in the meantime, iPhones without AI could prove to be a tougher sell in China in the face of stiff competition.

Persons: —, Jamie MacEwan, MacEwan, raring, Gene Munster, Richard Windsor —, Apple Organizations: Service, Huawei, Business, Apple, Enders Analysis, Apple Intelligence, Deepwater Asset Management, Radio Free Mobile, Windsor Locations: China

☆ China's property market has 'not found a bottom' yet, Standard Chartered CEO Bill Winters says
▼ + stars: | 2024-09-09 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

watch nowChina's property market has still not found a bottom despite all the turmoil in the past year, according to Standard Chartered CEO Bill Winters. Speaking to CNBC's JP Ong, Winters described the investing environment in China as "difficult," explaining that consumer confidence and international investor confidence was relatively low. "We know that the underlying source of a lot of the confidence questions is the property market, and the property market has not yet completely bottomed out, so it's been a slow grind down," he added. The danger, he said, is that a property market bubble that bursts in other markets has usually portended a financial crisis, and that is normally accompanied with more significant falls in GDP. As such, he thinks that it will be a bit uncomfortable in the short term, but fiscally, "that's going to be a good thing."

Persons: Bill Winters, CNBC's JP Ong, Winters, it's, homebuyers Organizations: Bank of America Locations: China, Beijing

☆ K-pop is more popular than ever, but that isn't helping agency stock prices
▼ + stars: | 2024-09-09 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +6 min

Hybe Corporation is the largest and listed on the blue-chip Kospi, while SM Entertainment, JYP Entertainment and YG Entertainment are on the small-cap Kosdaq. Physical sales have historically accounted for the lion's share of a label's revenue, Kim said, and has also been the most profitable segment. High physical sales, she explained, represent the number of fans, which, by extension, quantifies the addressable market for a company. watch nowDeclining physical album sales not only hits earnings, but also raises questions about whether the investment thesis of "continual high growth" has collapsed. "A physical album is useless and even a burden because it occupies space.

Persons: Jimmy Fallon, Hybe, Yoon Suk Yeol, Danielle, Hyein, NewJeans, Gary Miller, Blackpink, Kim Gyuyeon, Lisa, Jennie, Emma McIntyre, Emma Mcintyre, Kim, Simply, Mirae's Kim Organizations: NBC, NBCUniversal, Getty, Hybe, SM Entertainment, JYP Entertainment, YG Entertainment, SM, YG, YouTube, Spotify, CNBC, Park, Filmmagic, Coachella, London's, Big, Mirae Asset Securities, BTS, Valley Music, Arts Festival, JYP, Seoul Economic, South Locations: United States, Southeast Asia, Korean, CHICAGO , ILLINOIS, Chicago , Illinois, South, U.K, INDIO , CALIFORNIA, Indio , California, Seoul

☆ Apple is losing ground in China. Here's how the iPhone 16 can help.
▼ + stars: | 2024-09-07 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

Wang Gang/Getty ImagesIt's worth noting that in its 15-year history with the iPhone in China, Apple has been the dominant force in the smartphone market. Other local smartphone manufacturers, including Honor, Xiaomi, and Vivo, have also seen gains over the past year. The upcoming iPhone 16 will introduce users to Apple Intelligence, its new suite of generative AI features, first introduced at its June Worldwide Developers Conference. Apple is betting on Apple Intelligence to boost iPhone sales. The company is seeking a local partner to bring more advanced chatbot features to Apple Intelligence in China.

Persons: —, Tim Cook, It's, Wang Gang, Apple, Xiaomi, Cook, ChatGPT, Wedbush, Paolo Pescatore Organizations: Service, Apple, Weibo, Business, China Apple, Huawei, Pura, Apple Intelligence Apple, Apple Intelligence, Foresight Locations: China, Shanghai, He'll, Cupertino

☆ Gwyneth Paltrow's Goop is cutting 18% of staff as it scrambles to change strategy
▼ + stars: | 2024-09-06 | by ( Madeline Berg | ) www.businessinsider.com time to read: +4 min

Read previewGoop, Gwyneth Paltrow's blog/lifestyle brand/beauty company/vitamin retailer/etc., launched 16 years ago, spurring copycat celebrity brands and products like the infamous orgasm candle. Goop is cutting 18% of its 216-person staff, citing a change to its organization, WWD reported on Thursday. It'll focus on beauty, fashion, and food — specifically its Goop Beauty and Good Clean Goop beauty brands, its G. Label clothing line, and Goop Kitchen restaurants. Last year, it launched Good Clean Goop, a lower-priced line of skincare that can be found in Target and on Amazon. (An exfoliator from the brand costs $20, while one from Goop Beauty costs $125.)

Persons: —, Gwyneth Paltrow's, Goop, it's, WWD, Condé Nast, Puck, Neil Saunders, Travis Kalanick, Uber, Paltrow Organizations: Service, Business, Netflix, GlobalDatal Locations: Target, Southern California

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