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☆ Tech companies want nuclear power. Some utilities are throwing up roadblocks
▼ + stars: | 2024-08-10 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

A cooling tower at the Constellation Nine Mile Point Nuclear Station in Scriba, New York, US, on Tuesday, May 9, 2023. Tech companies are increasingly looking to directly connect data centers to nuclear plants as they race to secure clean energy to power artificial intelligence, sparking resistance from some utilities over the potential impact on the electric grid. Data centers, the computer warehouses that run the Internet, in some cases now require a gigawatt or more of power, comparable to the average capacity of a nuclear reactor in the U.S. Tech companies are building out data centers just as power supply is increasingly constrained due to the retirement of coal plants and as demand is climbing from the expansion of domestic manufacturing and the electrification of vehicles. PJM covers 13 states primarily in the Mid-Atlantic region, including the world's largest data center hub in northern Virginia.

Persons: Joe Dominguez, Dominguez, Constellation's Dominguez Organizations: Constellation, Tech, U.S, Constellation Energy, Vistra Corp, Nvidia, PJM Locations: Scriba , New York, China, U.S, Baltimore, Dallas, Virginia

☆ Novo Nordisk shares dip as Wegovy maker posts earnings miss, cuts operating profit outlook
▼ + stars: | 2024-08-07 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +3 min

Novo Nordisk Wegovy manufactured by Novo Nordisk packaging is seen in this illustration photo taken in a pharmacy in Krakow, Poland on April 8, 2024. EBIT — earnings before interest and tax — came in at 25.93 billion Danish kroner in the second quarter, which was also below the LSEG forecast of 26.86 billion Danish kroner. Novo Nordisk on Wednesday posted weaker-than-expected net profit in the second quarter and trimmed its operating profit outlook. Novo Nordisk CEO Lars Fruergaard Jørgensen on Wednesday said that the company was expecting "attractive growth" in the coming months. The drug was approved in China in the second quarter, opening it for sale in the world's second largest economy.

Persons: Jakub Porzycki, —, Wegovy, Lars Fruergaard Jørgensen, CNBC's, Roche, Jørgensen Organizations: Novo Nordisk Wegovy, Novo Nordisk, Getty, Nordisk Locations: Krakow, Poland, London, China

☆ Nikkei 225: Asian markets make solid gains following global rout
▼ + stars: | 2024-08-07 | by ( Juliana Liu | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Asian markets made solid gains Wednesday, with Japanese shares reversing early losses after a central bank official played down the prospect of an immediate hike in interest rates. The gains follow days of volatility, which saw the Nikkei suffering Monday its biggest daily loss since 1987. “We won’t raise interest rates when financial markets are unstable,” he was quoted as saying in a speech to executives in the northern Japanese city of Hakodate. The central bank has hiked interest rates twice this year in a bid to contain inflation. Decades of extremely low interest rates in Japan had seen many investors borrow cash cheaply there before converting it to other currencies to invest in higher-yielding assets.

Persons: Shinichi Uchida, Kospi, Hong, Taiex, Uchida, ”, Olesya Organizations: Hong Kong CNN, Nikkei, Bank of Japan, US, Dow, Nasdaq Locations: Hong Kong, Asia, South, Hakodate, “, Japan, Europe, London

☆ 31-year-old Harvard grad just won a gold medal for the U.S. in the Olympics—in a sport she learned 6 years ago
▼ + stars: | 2024-08-05 | by ( Morgan Smith | ) www.cnbc.com time to read: +2 min

Gold medalist Kristen Faulkner of Team United States poses on the podium during the Women's Road Race on day nine of the Olympic Games Paris 2024 at Trocadero on August 04, 2024 in Paris, France. Kristen Faulkner ended a 40-year-drought for the U.S. in the Paris Olympics — in a sport she picked up for fun six years ago. On Sunday, the 31-year-old became the first American rider to win gold in the women's road race since Connie Carpenter did so in the 1984 Los Angeles games. She didn't start competitive cycling until 2017 when she moved to New York to work as a venture capitalist. She told the Associated Press that her career as a venture capitalist has been instrumental in her success as a professional athlete.

Persons: Kristen Faulkner, Connie Carpenter, Faulkner, Faulkner wasn't, Taylor Knibb, she's Organizations: Team United, Olympic Games, Paris Olympics, Harvard University, NBC News, Team USA, Silicon Valley Bank, Wall Street, American Continental, Associated Press Locations: Trocadero, Paris, France, Angeles, Homer , Alaska, Kenai, New York, Silicon, North America, San Francisco

☆ UBS says 'going into Japan now is like catching a falling knife,' warns stock sell-off will continue
▼ + stars: | 2024-08-05 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

watch nowGoing into the Japanese market at this moment is akin to catching "a falling knife," Kelvin Tay, regional chief investment officer at UBS Global Wealth Management, told CNBC's "Squawk Box Asia." Stock Chart Icon Stock chart icon"The only reason why the Japanese market is up so strongly in the last two years is because the Japanese yen has been very, very weak. It strengthened sharply after the BOJ raised its benchmark interest rate last week to around 0.25% and decided to trim its purchases of Japanese government bonds. A stronger yen pressurizes Japanese stock markets, which are heavily dominated by trading houses and export-oriented firms by eroding their competitiveness. Ueda also said the 0.5% interest rate level — Japan has not seen that since 2008 — was not a barrier, and rates could go even higher.

Persons: Kelvin Tay, CNBC's, Tay, Kazuo Ueda, Ueda, — Organizations: UBS Global Wealth Management, Nikkei, U.S, Bank of, Reuters Locations: Japan

Hong Kong/London CNN —Japanese shares soared Tuesday, clawing back some of their record losses from the previous day and underpinning a tentative recovery on global markets. Markets around the world plunged during Monday’s session when a combination of fears about a slowing US economy, rising Japanese interest rates and crumbling tech stocks combined to trigger a meltdown. The bounce in Japan is “typical after a market crash,” Neil Newman, head of strategy at Astris Advisory in Tokyo, told CNN. “It is too early to conclude that the Japanese stock market has hit a bottom,” they said, adding that any recovery would likely only occur after Japanese companies report first-half earnings in October, or even after the US presidential election in November. A stronger yenJapan’s stock market, in particular, was hard-hit by the rapid appreciation of the yen, which undermines the export competitiveness of the country’s manufacturers.

Persons: clawing, Kospi, ” Neil Newman, ”, “, Stephen Innes, ” Newman, Newman, Fumio Kishida Organizations: London CNN, Nikkei, Nasdaq, Advisory, CNN, UBS Chief Investment, Moody’s, Bank of Japan, Management, Tokyo “, Traders, Reuters Locations: Hong Kong, London, Asia, South, Taiwan, Europe, Japan, Tokyo, South Korea

☆ Kamala Harris Can Be the Pro-Innovation President Silicon Valley Needs - The New York Times
▼ + stars: | 2024-08-03 | by ( Reid Hoffman | ) www.nytimes.com time to read: +1 min

There is a major opportunity for Vice President Kamala Harris and the Democrats in the House and Senate to set our country on a different course. At a time when massive technological shifts are happening around the world, what the former Google C.E.O. In this moment, we need a leader who recognizes that innovation is the key to economic prosperity, national security and breakthrough progress on climate change and other pressing issues. She was California’s attorney general during the smartphone boom of the 2010s, when tax revenues from tech company I.P.O.s and stock market gains turned California’s budget deficits into surpluses and reinforced the state’s standing as the world’s innovation leader. Ms. Harris’s familiarity with the needs of the tech industry and her ability to innovate and protect the public interest mark her as a 21st-century leader.

Persons: Kamala Harris, Eric Schmidt, America’s, Harris, Ms Organizations: Google Locations: Francisco’s

☆ Dwyane Wade on Team USA's Olympic potential, embracing life as a broadcaster
▼ + stars: | 2024-08-02 | by ( Rohan Nadkarni | Rohan Nadkarni Is A Sports Reporter For Nbc News. | ) www.nbcnews.com time to read: +6 min

Despite being in France for the Paris Games for more than a week, Dwyane Wade has spent only one night in the City of Light. And I’m having a good time when I’m on air.”Wade has called the first two group games for the U.S. men’s basketball team, which is looking for its fifth straight gold medal. “This team is so deep, in six games we’re not going to get an opportunity to see how dope this team really is,” Wade says. “But I know basketball. In 2008, Wade was two summers removed from winning NBA Finals MVP but he still came off the bench that summer.

Persons: Dwyane Wade, they’ll, ” Wade, “, I’m, Wade, we’re, LeBron James, Kevin Durant, Steve Kerr, Jayson Tatum didn’t, Joel Embiid, aren’t, ’ ” Wade, LeBron, Chris Paul, Kobe Bryant, ”, hasn’t, Shai, Gilgeous, Alexander, It’s, Noah Eagle, Eagle, “ I’ve Organizations: Paris Games, of Famer, Olympic, NBC, NBC News, U.S, NBA, Serbia, USA, TNT Locations: France, City of, Lille, Paris, Beijing, South Sudan, Sudan, Canada

☆ Shell beats second-quarter profit expectations, launches $3.5 billion share buyback program
▼ + stars: | 2024-08-01 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +3 min

The Shell logo is displayed outside a petrol station in Radstock in Somerset, England, on Feb. 17, 2024. British oil giant Shell on Thursday posted stronger-than-expected second-quarter profit despite lower refining margins and weaker liquified natural gas trading. The company reported adjusted earnings of $7.7 billion in the first quarter of 2024. Shell said it would launch a $3.5 billion share buyback program over the next three months, a similar scheme as in the previous quarter. British rival BP on Tuesday increased its dividend and extended its share repurchasing program on the back of stronger-than-expected earnings.

Persons: LSEG, Shell's, Shell, Wael Sawan, CNBC's, Sawan, Chandra Asri Organizations: Shell, Chandra, BP, Exxon Mobil, Chevron Locations: Radstock, Somerset, England, Singapore, Rotterdam, Netherlands, Swiss, London

☆ Andy Murray clicks into warrior mode as he looks to finish career with an Olympic miracle
▼ + stars: | 2024-08-01 | by ( Ben Church | ) edition.cnn.com time to read: +5 min

CNN —After his latest victory at this year’s Olympic Games on Tuesday, Andy Murray pogoed on the red clay of Roland Garros, eyes wide like a kid in a candy store. But, for Murray, the Olympic Games have always held a special place in his heart. Back in 2012, just weeks after a heartbreaking defeat in the Wimbledon final, Murray won gold in the men’s singles tournament at the London Games. 1 in 2016, a year where he also won Wimbledon for second time. Murray celebrating winning two medals at the London Games in 2012.

Persons: CNN —, Andy Murray pogoed, Roland Garros, Dan Evans, Suzanne Lenglen, Murray, Belgium’s Sander Gille, Joran, Evans, Martin Bernetti, Laura Robson, Roger Federer, Rafael Nadal, Novak Djokovic, Andy Murray, ”, “ I’ll, it’s, haven’t, Jeff J Mitchell, “ It’s, ” Murray, Tommy Paul, Taylor Fritz Organizations: CNN, Paris Games, Getty, Olympic Games, Wimbledon, London Games, Rio Games, Eurosport, ATP, Olympics Locations: Paris, AFP, London

☆ Stellantis to offer broad buyouts to U.S. salaried workers, warns of possible layoffs
▼ + stars: | 2024-07-30 | by ( Michael Wayland | ) www.cnbc.com time to read: +3 min

CEO of auto giant Stellantis Carlos Tavares speaks to journalists during a joint media event by Stellantis and Leapmotor in Hangzhou, in eastern China's Zhejiang province on May 14, 2024. DETROIT – Automaker Stellantis plans to once again reduce its U.S. employee headcount through a broad voluntary buyout, as the company attempts to reduce costs and boost profits. The company, which reported disappointing first-half results last week, said if not enough employees participate in the buyout program, involuntary terminations could follow. Stellantis confirmed the buyout program, which was first by Automotive News, early Tuesday afternoon. Stellantis last conducted a voluntary buyout program in November, offering the deals to roughly half of its U.S. white-collar employees.

Persons: Carlos Tavares, headcount, Stellantis, excessiveness, Tavares Organizations: DETROIT –, U.S, Automotive News, Fiat Chrysler, France's PSA Groupe, CNBC Locations: Leapmotor, Hangzhou, China's Zhejiang province, Italy

☆ Chinese E.V. Makers Rush In and Upend a Country’s Entire Auto Market
▼ + stars: | 2024-07-30 | by ( Daisuke Wakabayashi | Claire Fu | ) www.nytimes.com time to read: +1 min

Ma Haiyang and eight of his colleagues arrived in Thailand a year ago to establish the first overseas operation for GAC Aion, an electric vehicle maker from China. The Aion team set up shop in a Bangkok hotel, commandeering conference rooms and holding meetings in the lobby. They had a long list of things to do: Find office space, recruit dealers and devise a business strategy. The team worked around the clock and, 74 days after arriving in Thailand, sold its first electric vehicle. Chinese electric vehicle manufacturers like Aion are stampeding into overseas markets.

Persons: Ma Haiyang, ”, Ma Organizations: GAC Locations: Thailand, China, Bangkok, Southeast Asia

☆ Dream Team dreaming: How great can this U.S. men’s basketball team still be?
▼ + stars: | 2024-07-28 | by ( Joe Vardon | ) www.nytimes.com time to read: +11 min

Still, as the U.S. men’s team starts its Olympic run Sunday, it begins with a roster that has drawn countless comparisons to the Dream Team. On paper, the U.S. men’s team is arguably the best team assembled since 1992. Durant is the most prolific scorer in U.S. men’s history and could, if the Americans win gold in Paris, become the most decorated Olympic men’s basketball player. A loss in the knockout stages, when there are no more second chances, and a Dream Team redux becomes a historic nightmare. In that scenario, the U.S. men’s team would be remembered forever, even if not quite held in the same reverence as the Dream Team.

Persons: Michael Jordan’s, Rod Thorn, Russ Granik, David Stern, Charles Barkley, Karl Malone, Larry Bird, Magic Johnson, Thorn, Jordan, Simone Biles, Michael Phelps, Jesse Owens, Carl Lewis, “, ” Granik, LeBron James, Stephen Curry, Kevin Durant, ” Curry, Gregory Shamus, Barkley, Bird, Magic, we’re, ”, Anthony Davis, James, Curry, Durant, Michael, Larry, Joel Embiid, Jrue Holiday, Jayson Tatum, Kawhi Leonard, Leonard, Embiid, Durant couldn’t, Christian Laettner, Nikola Jokić, Giannis Antetokounmpo, Shai Gilgeous, Alexander, Victor Wembanyama, Wembanyama, who’s, Duke, Steve Kerr, ” Kerr, Gregg Popovich, Popovich, ” James, ” Davis, hasn’t, Wembanyama's, Tim Clayton, Corbis Organizations: Paris Games, PARIS, Team USA, Chicago Bulls, Barcelona Games, ”, U.S, men’s, Dream, Paris, NBA, South, Atlanta Games, USA Basketball, Serbia, Games, Olympic, South Sudanese, American, Lille Olympics, Oklahoma City Thunder, French, FIBA, U.S ., Dream Team, Team, France, Getty Locations: United States, I’m, ”, Europe, Africa, Asia, Australia, South America, South Sudan, Germany, U.S, USA, Jordan, Paris, Cameroon, London, Barcelona, Lille, France, Belgian, Serbia, Greece, Canadian, basketball, Tokyo

☆ 'Impossible' to keep Chinese auto makers out of the US: Analyst
▼ + stars: | 2024-07-25 | 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 Email'Impossible' to keep Chinese auto makers out of the US: AnalystJoseph McCabe of Autoforecast Solutions says tariffs on Chinese automakers will not stop them from entering the U.S. due to the quality and cost competitiveness of their products.

Persons: Joseph McCabe Organizations: US, Autoforecast Solutions

☆ Chinese EV startups are spending more on research than Tesla is
▼ + stars: | 2024-07-25 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

CNBC | Evelyn ChengBEIJING – U.S.-listed Chinese electric car companies are spending more on research as a ratio to sales than Tesla , according to CNBC analysis of the four automakers' first-quarter earnings. Of the four U.S.-listed Chinese electric car companies, Nio ranked first, spending nearly 29% of revenue in the first three months of the year on research and development. He was referring to a popular term in China to describe fierce competition, especially in the electric car industry. She noted that can help Chinese electric car companies respond more quickly to customers and market needs than traditional automakers. Geely has also released an electric car architecture called SEA that it says allows for quicker production of different sized vehicles.

Persons: Evelyn Cheng, Paul Gong, Nio, Elon, Feng Shen, Shen, William Li, Li, Jing Yang, Zeekr's, Parent, Ren Xiangfei, Ren, Geely, Tesla, Taylor Ogan Organizations: CNBC, UBS, Elon Musk's, Ford Motor, China's Ministry of Industry, Information Technology, Fitch, China Passenger Car Association, Snow Bull, Tech Locations: Hefei, Evelyn Cheng BEIJING – U.S, U.S, China, Nio, Hefei city, Anhui, Shanghai, Asia, Pacific, Zhejiang province, Hong Kong, Shenzhen

☆ Roche's weight loss adjacent drugs will boost its competitiveness, CEO says
▼ + stars: | 2024-07-25 | 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 EmailRoche's weight loss adjacent drugs will boost its competitiveness, CEO saysRoche's CEO Thomas Schinecker says the company's portfolio of obesity drugs, and those that counter the side effects of weight loss, will help it stand out in the increasingly competitive market.

Persons: Thomas Schinecker

☆ 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

☆ Trump 2.0 could go 'nuclear' on China trade, while economists say Harris would remain tough
▼ + stars: | 2024-07-24 | by ( Dylan Butts | ) www.cnbc.com time to read: +5 min

According to Prasad and other experts, Harris' approach to China would likely be similar to that of Biden. Trump's biggest diversion from Biden-era trade policy would likely be tariffs levied on China. The Trump administration reached a "phase one trade deal" with China in 2019, but few terms were honored and subsequent phases never materialized. Tech warwatch nowThe Biden administration also announced rules limiting U.S. investment in Chinese firms developing sensitive technologies, citing national security concerns. She said channels for the two countries to discuss policy issues decreased significantly during the Trump administration, whereas the Biden administration emphasized its diplomatic engagement efforts.

Persons: Donald J, Trump, Bill Pugliano, Donald Trump, Joe Biden, Eswar Prasad, Kamala Harris, Biden, Prasad, Harris, Biden —, Stephen Weymouth, Economist Stephen Roach, William Reinsch, Scholl, Reinsch, JD Vance, Arthur Dong, Chris Miller, Miller, Rorry Daniels Organizations: Van, Getty, House, CNBC, U.S, Cornell University, Trump, International Monetary, Georgetown University, Economist, Center for Strategic, International Studies, Beijing, Georgetown, Tech, Asia Society Policy Institute Locations: Grand Rapids , Michigan, China, Beijing, Ohio, Washington, U.S, Japan, Netherlands

☆ Frontloading ahead of tariffs part of reason behind Asia strong trade
▼ + stars: | 2024-07-22 | 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 EmailFrontloading ahead of potential tariffs is part of the reason behind Asia's strong trade volumeFred Neumann from HSBC talks about Asia's strong trade activities and highlights China's competitiveness in exports.

Persons: Fred Neumann Organizations: HSBC

☆ These 10 U.S. states have America’s best economies in 2024
▼ + stars: | 2024-07-18 | by ( Scott Cohn | ) www.cnbc.com time to read: +13 min

We consider economic growth and job growth. We measure the breadth of each state's economy by looking at how many major corporations are headquartered there. Delaware's economy turned in a lackluster performance in 2023 — the only state economy to shrink last year. Mario Tama | Getty ImagesThe Grand Canyon State's surging chip sector is delivering many dividends, including strong job growth and a healthy housing market. But he noted that construction employment grew at a healthy pace last year, evidence that the state economy still has steam left.

Persons: Dupont De Nemours, Ethan Miller, Kevin C, George Frey, Mark Knold, Knold, Zions, Mario Tama, Katie Hobbs, Allison Joyce, they've, Andrew Berger, Gross, Berger, Nina Dietzel, Lawrence Kessler, Kessler, Brandon Bell, Joe Raedle Organizations: Companies, Business, Delaware, Istock, Getty, Fortune, Census, Commerce Department, Aaa, Direct Investment, Corporate, Gem State, Micron Technology, Lamb Weston Holdings, Silver State, Pew, Major Corporations, Vegas Sands, MGM Resorts, Benz, Cox, Mercedes, Nestlé, Purina, Adidas, Georgia Department of Economic, U.S . Commerce Department, Assurant, Intercontinental, Contractors, Bloomberg, Utah's Department of Workforce Services, Arizona Workers, Gov, Democrat, Major, Technology, North, Health, Employers, North Carolina Department of Commerce, Corporate Headquarters, Bank of America, Duke Energy, Tennessee, University of Tennessee, The Volunteer State, FedEx, Texas Employees, Lone Star State, Entrepreneurship, Oracle, Tesla, Amerant Locations: States, Wilmington, New Castle County , Delaware, Delaware, Incyte, Idaho, Boise , Idaho, USA, Nevada, Las Vegas, Las Vegas , Nevada, Southern California, Vegas, Georgia, Atlanta , Georgia, Peach, Utah, Provo , Utah, U.S, Beehive, Buckeye , Arizona, Arizona, North Carolina, Wilmington , North Carolina, Carolina, Tennessee Nashville , Tennessee, Luling , Texas, The Texas, North Dakota, California, Texas, Florida, Sunrise , Florida

☆ These 10 U.S. states have America’s worst economies in 2024
▼ + stars: | 2024-07-18 | by ( Scott Cohn | ) www.cnbc.com time to read: +12 min

That is why CNBC looks at state economies in ranking America's Top States for Business. We consider economic growth and job growth. We measure the breadth of each state's economy by looking at how many major corporations are headquartered there. Some states are at the top of their economic game — home to America's 10 best state economies. JB Pritzker, and all the major rating agencies have the state in their "A" categories for the first time in years.

Persons: Phil Scott, Jobs, J.B . Pritzker, Erin Hooley, JB Pritzker, Asplundh, Michael G, Janet Mills, Mills, Gina Raimondo, Joe Biden, Anna Moneymaker, Gina Raimondo —, —, Rhode Island's, Luke Sharrett, Ed Zurga, Bryan Tarnowski, Hurricane Katrina, New Hampshire Jada, Patrick T, Fallon, Hawaii's, Nature, Spencer Platt Organizations: CNBC, Business, Republican Gov, Direct Investment, Illinois, Illinois Illinois Gov, Thompson Center, Tribune, Service, Democratic Gov, Major Corporations, GE Healthcare Technologies, Mondelez, Seamans, Portland Press Herald, Getty, National Association of State, Officers, Pew, Major Corporation, IDEXX, Rhode, Semiconductors, America, White, U.S . Commerce, Major, CVS Health, Hasbro, Kentucky, Bloomberg, Bluegrass State, Federal Housing Finance Agency, Kansas Carpenters, Glenn Eagles, Louisiana Homes, Treme, Louisiana State University, Hurricane, Pool Corporation, Granite State, U.S . Chamber, Commerce, New Hampshire Department, Labor, The New Hampshire Tech Alliance, Afp, Aloha State Locations: U.S, States, Vermont, Illinois Illinois, Chicago, Lincoln, Illinois, Maine, Rhode Island WASHINGTON, DC, Washington , DC, Louisville , Kentucky, Bluegrass, Kentucky, Kansas, Kansas City , Kansas, Sunflower, Claiborne, New Orleans , Louisiana, New Orleans, New Hampshire, Granite, The, Hawaii, Maui, Lahaina , Hawaii, Mississippi, Biloxi , Mississippi

☆ Morgan Stanley hikes price targets for Asian stocks it says will benefit from greater iPhone demand
▼ + stars: | 2024-07-17 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

Increased shipments of Apple's iPhones will be a key "volume driver" for the supply chain, according to Morgan Stanley. But the situation is set to change, with Apple Intelligence predicted to be a "key iPhone replacement driver." It raised its price targets for several stocks in the Apple supply chain. Largan reported first-quarter revenue that was below expectations but Morgan Stanley believes that was the trough. Morgan Stanley said Genius has a "good chance" of making a breakthrough in the periscope high-end lens segment in the second half of this year.

Persons: Morgan Stanley, Hon Hai, Hai, Luxshare's, Max, Morgan, Largan, Genius, CNBC's Michael Bloom Organizations: Apple Intelligence, Apple, Max, AAC Locations: Asia, Taiwan, India, Zhengzhou, China

☆ These are America's 10 best states for buying and selling a home in 2024, with a big caveat at No. 1
▼ + stars: | 2024-07-16 | by ( Scott Cohn | ) www.cnbc.com time to read: +8 min

CNBC considers the housing market as part of the Economy category in America's Top States for Business, the annual rankings of all 50 states. We consider price appreciation and seller gains, as well as affordability, inventory, and housing starts. Still, price appreciation remains healthy. That price appreciation may be bringing more construction activity, which is one reason inventory levels are rising. 1 (Top States Grade: A+) Appreciation: 6.85% Inventory (July): 4 months Affordability score: 0.44 Effective property tax rate: 0.76% Median sales price: $420,100

Persons: Indiana homebuyers, Elijah Nouvelage, Tennessee Cynthia Holzapfel, Cynthia Holzapfel, Kevin Wurm, Roger Kisby, Allison Joyce, Sellers, Sam Wolfe, Jakub Porzycki Organizations: CNBC, Business, Istock, Getty, Indiana, Hoosier State, Bloomberg, Washington Post, Volunteer State, Southern Highlands, ., State, North Carolina Workers, Arizona, South Carolina Homes, Palmetto State, Nurphoto Locations: States, Delaware, Brookside Delaware, Indiana, Midwest, USA, Georgia, Atlanta , Georgia, U.S, Peach, Summertown , Tennessee, Nevada, Las Vegas , Nevada, . New Jersey New Jersey, Barnegat, , New Jersey, Illinois, Lillington , North Carolina, Alabama, Yuma , Arizona, Summerville , South Carolina, Palmetto, Florida, Duval, Key West, United States

☆ These are America's 10 worst states for quality of life in 2024
▼ + stars: | 2024-07-13 | by ( Scott Cohn | ) www.cnbc.com time to read: +10 min

2024 Quality of Life Score: 119 out of 325 Points (Top States Grade: D-) Strengths: Crime, Voting Rights, Worker Protections Weaknesses: Air Quality, Reproductive Rights, Health Care9. 2024 Quality of Life Score: 98 out of 325 points (Top States Grade: F) Strength: Air Quality Weaknesses: Voting Rights, Crime, Reproductive Rights6. 2024 Quality of Life Score: 96 out of 325 points (Top States Grade: F) Strengths: Child Care, Air Quality Weaknesses: Crime, Inclusiveness, Health Care5. 2024 Quality of Life Score: 85 out of 325 points (Top States Grade: F) Strength: Air Quality Weaknesses: Reproductive Rights, Health, Worker Protections, Voting Rights3. 2024 Quality of Life Score: 83 out of 325 points (Top States Grade: F) Strength: Child Care Weaknesses: Voting Rights, Inclusiveness, Worker Protections2.

Persons: CNBC's, Rebecca Noble, Katie Hobbs, Kansas Thomas Barwick, Bacchus, Chandan Khanna, Wesley Bell, Michael B, Thomas, Michael Pomante, Bill Lee's, Seth Herald, Bill Lee, Oklahoma Dr, Franz Theard, Paul Ratje, Dobbs, Oklahomans, Elijah Nouvelage, Darwin Varela, Brandon Bell Organizations: Business, Arizona, Abortion, Arizona House Republicans, American Lung Association, American Hospital Association, Democratic, Health, Kansas, Digitalvision, Getty, FBI, Louisiana Police, AFP, United Health Foundation, Louisiana Department of Education, Louis County Board, United Democracy Center ., Tennessee Educators, The Tennessee Bureau, Investigation, Volunteer State, Rights, Republican Gov, Care, National Conference of State Legislatures, Reproductive Clinic, Washington, Washington Post, Guttmacher, Sooner State, Alabama Voters, Alabama, Center, Election Innovation, Research, Oxfam America, State, Indiana, Getty Images Indiana, Hoosier State, Reproductive, Fort Duncan Regional Medical Center Locations: States, Arizona, Phoenix , Arizona, Sunflower, America . Kansas, Kansas, New Orleans, Pelican, Louisiana, Missouri, Louis, Louis County, St, Ann , Missouri, United Democracy Center . Missouri, Tennessee, Nashville, Nashville , Tennessee, Seth, Arkansas, New Mexico, Oklahoma, Santa Teresa , New Mexico, Oxford , Alabama, Delaware , Mississippi, New Hampshire, Alabama, Hoosier, Indiana, Eagle Pass , Texas

☆ America's bottom state for business in 2024
▼ + stars: | 2024-07-12 | 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 EmailAmerica's bottom state for business in 2024Hawaii finishes last in CNBC's annual business competitiveness rankings as the state tries to rebound from the Covid-19 pandemic and last year's Maui wildfires.

Locations: Hawaii

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