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In the capital Ankara, opposition parties are calling for mass deportations, and the government is calling on the Syrian regime it once sought to topple to help resolve the problem. Turkish President Recep Tayyip Erdogan is now publicly seeking a meeting with President Bashar al-Assad, the man he once labeled a terrorist, to reset relations. Before the Syrian civil war, the two leaders vacationed together, but years later, after the Syrian regime brutally crushed a public revolt, Erdogan sought to oust him from office and backed local forces fighting against him. Turkish troops remain in control of a swath of Syrian territory along the Turkish border where Syrian opposition groups are sheltering. Syrian opponents denounce the Turkish President's statements for normalization with the Syrian President Bashar al-Assad's regime in the city of Idlib, Syria on July 12.
Persons: CNN — It’s, Recep Tayyip Erdogan, Bashar al, Assad, vacationed, Erdogan, , ” Erdogan, , Bilal Bagis, “ It’s, ” Assad, Aaref Watad, Ali Yerlikaya, Ebubekir Hussamoglu, He’s, Anas, Mohammad Shbeeb, Abdullah Resul Demir, they’re, Shbeeb, didn’t, Cenk Ozatici, Iyi, Ozatici, Istanbul Mayor Ekrem Imamoglu Organizations: CNN, Turkish, International Refugee Rights Association, Ibrahim Usta, AFP, Getty, Party, European Union, Istanbul Mayor Locations: Turkey, Ankara, Turkish, Damascus, Syria, Afrin, AFP, Anatolian, Kayseri, Syrian, Antalya, Istanbul, Idlib, Gaziantep, Azaz, Ibrahim, Europe
Alphabet stock dropped Wednesday after earnings as Wall Street parsed mixed results. AdvertisementAlphabet stock slid Wednesday as investors digested second-quarter results that beat earnings estimates but fell short in other key areas. The mixed results sent the stock down 5% in Wednesday afternoon trading, but Goldman Sachs analysts say they remain optimistic about the company's artificial intelligence opportunities. Goldman Sachs was upbeat in its analysis, raising Alphabet's price target from $211 to $217 in a note after the company released earnings. AdvertisementGoldman says its optimism comes largely from Alphabet's AI opportunity.
Persons: Goldman Sachs, , Goldman, Sundar Pichai, Pichai Organizations: Service, YouTube, Wall
Overstock.com is back from the dead
  + stars: | 2024-07-23 | by ( Jordan Valinsky | ) edition.cnn.com   time to read: +2 min
New York CNN —Overstock.com, which was one of the biggest names in e-commerce, is being revived just a year after its new owners ditched the name in favor of Bed Bath & Beyond. The relaunched Overstock.com sells a lot of stuff similar to its previous incarnation, including indoor and outdoor furniture, home improvement tools and jewelry, but with a bigger emphasis on closeout and liquidation deals. Its sister site will still use the Bed Bath & Beyond name and continue to operate with a refined focus on home goods and as a destination for registries for weddings and other life events. In June 2023, Overstock.com changed its name to Bed Bath & Beyond after Overstock’s parent company bought the bankrupt retailer’s brand’s name and domain in a failed effort to benefit from its name recognition. The changes didn’t catch on with shoppers, prompting major moves within the company’s management ranks.
Persons: New York CNN —, Overstock.com, Marcus Lemonis, , ” Lemonis, Neil Saunders, Organizations: New, New York CNN, Bed, Beyond Inc, CNBC, Inc, GlobalData, CNN, Locations: New York
Ether ETFs officially began trading in the U.S. on Tuesday, putting the world's second largest crypto currency in a vehicle favored by many professional investors and advisors. The new funds come from traditional fund issuers like BlackRock and Fidelity and crypto-specific companies such as Grayscale, marking another step in the increased integration of digital assets into mainstream finance. The ether ETFs are widely expected to be smaller than the bitcoin funds, both because of the relative size of the two markets and the fact that ether may not be as familiar to many investors. The ether ETFs also do not offer staking, which is a process that can give crypto-native investors additional yield. Both the cheapest and most expensive funds come from Grayscale, which is effectively converting its multi-billion dollar private ether fund into two ETFs with different price points.
Persons: Jay Jacobs, Sam Callahan Organizations: Fidelity, Swan Locations: U.S, BlackRock
Strong numbers in the company's search and cloud businesses more than offset the slight misses in the YouTube and network units. Cloud recorded a couple of big firsts: exceeding $10 billion in revenue, along with $1 billion in operating income. Whereas investors were — and many still are — concerned about what generative AI might mean for Alphabet's search revenue, the opposite appears to be the case, at least for now. Google Cloud revenue grew roughly 28% to more than $10 billion for the first time. Strong numbers in the company's search and cloud businesses more than offset the slight misses in the YouTube and network units.
Persons: we're, capex, Sundar Pichai, Pichai, Philipp Schindler, Schindler, Ruth Porat, Eli Lilly, Anat Ashkenazi, Jim Cramer's, Jim Cramer, Jim, Loren Elliott Organizations: YouTube, Microsoft, Club, Nvidia, Lens, CTV, Nielsen, Google, buybacks, CNBC, Government, Society, Calif, Bloomberg, Getty, Meta Locations: That's, U.S, Stanford
In this regard, the ratings of top Wall Street analysts and their investment theses can provide useful insights and help us make the right decisions. Bearing that in mind, here are three stocks favored by the Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. The company recently reported its June sales and announced an increase in its membership fee. He estimates a potential benefit of nearly 3% to the company's earnings per share over each of the next two years. Even after the stock's impressive year-to-date rally, Goldman Sachs analyst Toshiya Hari thinks that it has more room to run.
Persons: Corey Tarlowe, Tarlowe, TipRanks, MongoDB, Ivan Feinseth, Feinseth, Goldman Sachs, Toshiya Hari, Colette Kress, Hari, Nvidia's, Blackwell Organizations: Wall Street, Costco, Jefferies, Tigress, Nvidia Semiconductor, Nvidia, Blackwell Locations: Costco's
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Persons: We've, cardholders, They'll, You'll, Cardholders, reselling, you'll Organizations: Business, Bank of America, Cash, Alaska Airlines Business Credit, Mastercard, Bank of America Business, of America, EV, Alaska Airlines Business, Alaska Airlines, Best Bank of America Business Credit Cards Bank of America, Bank of America's, Bank of America Travel Center, Bank of America Alaska Airlines Visa, Bank of, Bank of America Business Credit Cards Bank of America, Best Bank of America Business Locations: Alaska, Chevron
Penn Entertainment will lay off about 100 employees as it focuses on growth for ESPNBet. "This led us to temporarily set aside any potential organizational changes that would typically follow a major acquisition." Penn went on to say it's embarking on a new phase of growth in its interactive business, which include ESPNBet, a $2 billion branding partnership with Disney's ESPN. Penn's release of new ESPNBet features this fall during football season should meaningfully improve its product, Jonas said, and a focus on costs indicate the company's commitment to seeing its investment yield results. Truist has a buy rating on Penn and a price target of $25.
Persons: Jay Snowden, theScore, Snowden, Penn, it's, Barry Jonas, Jonas, Truist Organizations: ESPN, Penn Entertainment, ESPNBet, PENN, CNBC, Disney's ESPN, Donerail, Penn, ESPN Bet Locations: New York
Not content with Dubai having the tallest building, the deepest pool or the highest hotel, urban design firm URB hopes to add one more superlative feather to the city’s cap: the world’s “greenest” highway. The green highway, pictured in this render, would also include a network of footpaths and green community spaces. URB‘A unique set of challenges’Creating the world’s “greenest” highway in a desert city isn’t easy, though. Pictured in this rendering, designs for the Nexgen Sustainable City, which URB has designed for Cairo. URB A Dubai developer is creating green designs for the city Prev NextAn urban utopiaThis isn’t URB’s first foray into utopian future city design.
Persons: URB, Sheikh Mohammed Bin Zayed, Baharash, ” Bagherian, , Baharash Bagherian, , Bagherian, Organizations: CNN, Dubai, United Arab Emirates, European Union, , Hub, Agri Locations: Dubai, , “ Dubai, URB “ Dubai, UAE, Hong Kong, URB, Yiti, Oman, Yas, Abu Dhabi, Cairo, City
CNN —Scientists have long theorized the existence of lunar caves — underground passageways formed through volcanic processes that are connected to the pits covering the moon’s surface. Now, a team of international researchers has found the first direct evidence that the moon’s deepest known pit connects to a cave that could provide shelter to astronauts. “Lunar caves have remained a mystery for a long time. Future research and exploration of lunar caves could also provide new insight into the evolution of the moon and lunar volcanism, the authors note in the study. “Moreover, (lunar caves) can be an alternative or an integration to a base on the surface of the Moon,” he added.
Persons: , Leonardo Carrer, Lorenzo Bruzzone, , Tyler Horvath, ” Horvath, Horvath, Paul Hayne, Hayne, ” Hayne, Carrer, Noah Petro, Petro, Artemis III, “ LRO, ” Petro Organizations: CNN —, NASA Lunar Reconnaissance, University of Trento, Remote, NASA, Lunar Reconnaissance Orbiter, University of California, Mare Tranquillitatis, University of Colorado, European Space Agency, Reconnaissance, Artemis Locations: United States, China, Italy, Los Angeles, Carrer, University of Colorado , Boulder, Hawaii, Canary Islands, Australia, Iceland
Though the designs could have been plucked from an amusement park, they were actually elaborate rooftop water tanks of private homes. Some are functional water tanks while others sit on top more traditional plumbing designs. Over the course of six trips from 2014 to 2019, Vora began to better understand the full scope of the trend. As the popularity of custom-designed water tanks grew, local builders became specialized in their craft. The remote areas of Punjab weren’t yet mapped by Google, he explained, so he visited villages and hoped for the best.
Persons: Rajesh Vora, , ” Vora, , me, PHOTOINK, they’ll, Vora, “ Will, Will Organizations: CNN, , Maruti, Google Locations: Daulatpur, Punjab, India, Mumbai, France, Jhander Kalan, Vora, Talhan, Canada, United Kingdom, United States, Mehat
But for those looking for alternatives, UBS has refreshed its list of "highest conviction and most investable" tech stocks in Asia. So far, UBS' Asian Super 8 has gained 8.3% since its inception in February, beating the 6.7% returned by the benchmark MSCI Asia-Pacific index. "We believe the valuation discount across the value chain in Asia's technology sector offers a defensive catch-up play for investors," UBS' analysts wrote. Tencent has been making headlines recently, with several analysts bullish, including Goldman Sachs , which included the stock in its conviction list. The company, which also goes by the name Foxconn, is expecting over 40% year-on-year growth in its AI server sub-segment this year, UBS' analysts noted.
Persons: Tencent, Goldman Sachs, Hon Hai Taiwan's, Hai, — CNBC's Michael Bloom Organizations: Apple, Microsoft, Nvidia, Tesla, UBS, Hong Kong Stock Exchange, U.S, Hai Precision Industry, Taiwan Stock Exchange, Lenovo Lenovo, Lenovo, Hong Kong Exchange Locations: Asia, China, U.S
The best Prime Day AirPods deals include the big discounts on the brand's wireless earbuds and high-end over-ear headphones. The best Prime Day AirPods deals are expected to last through July 17, but certain models could sell out before the event ends. View at Amazon What we like Check mark icon A check mark. View at Amazon What we like Check mark icon A check mark. Apple sells three earbud-style AirPods: the second-gen AirPods, third-gen AirPods, and AirPods Pro.
Persons: Max, AirPods, you've, they're Organizations: Business, Amazon Prime, ANC, Apple, Apple AirPods, AirPods
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Jim Cramer said Wells is a portfolio stock that will rise once the Federal Reserve lowers rates, leading to a rebound in the bank's interest-based revenues. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Donald Trump, Morgan Stanley, Monday's, clawing, Wells, Jim, Jim Cramer's Organizations: CNBC, Dow Jones Industrial, Abbott Laboratories, Companies, Wells, Federal, Costco Wholesale, Costco Locations: Wells Fargo, Wells, U.S, Canada
View at Amazon What we like Check mark icon A check mark. View at Amazon What we like Check mark icon A check mark. View at Amazon What we like Check mark icon A check mark. View at Amazon What we like Check mark icon A check mark. View at Amazon What we like Check mark icon A check mark.
Persons: haven't, they're, Apple, We're, Siri, we'll, doesn't, Amazon Nathan James Hugo Wood Nightstand, Nathan James, we've, Dyson, you've, it's, fryer, Bose Organizations: Business, Echo, Amazon, Apple, Amazon Apple, Apple Health, Amazon Prime, Olympics, Sony, LG, Samsung, Dolby, Amazon Samsung, lounging, Amazon Philips, Philips, Bose, Amazon Sony WH
Tim Cook, chief executive officer of Apple Inc., during the Apple Worldwide Developers Conference at Apple Park campus in Cupertino, California, US, on Monday, June 10, 2024. Apple on Monday released a preview version of its big new iPhone update. This year, however, the most important new service isn't in the public beta: Apple Intelligence. Apple says that Apple Intelligence will be released in a beta version this fall and users will be able to try it out this summer. Some of the promised Apple Intelligence features, like ChatGPT integration, and some Siri improvements, aren't expected to be released until later this year.
Persons: Tim Cook, Siri Organizations: Apple Inc, Apple Worldwide, Apple, Apple Intelligence, Control Center Locations: Cupertino , California
Loop Capital upgraded Apple to buy from hold and TD Cowen increased its price target on Nvidia to $165 per shares. The analyst initiated coverage of Datadog on Monday with an outperform rating, alongside a $150 per share price target. The analyst downgraded the bank stock to neutral from buy, but stood by his $65 per share price target. Donovan upgraded the iPhone maker to buy from hold on Monday, and increased his price target to $300 per share from $180. The analyst upped his price target on the AI darling to $165 per share from $140 and reiterated his buy rating.
Persons: Cowen, Morgan Stanley, DDOG, Kirk Materne, skews, Materne, — Brian Evans, Keith Horowitz, John Donovan, Donovan, TD Cowen, Blackwell, Hopper, Matthew Ramsay, Ramsay, Wall, Brian Evans Organizations: CNBC, Apple, Nvidia, ISI, DDOG's TAM, Citi downgrades Bank of New York Mellon Citi, Bank, New, Bank of New York Mellon, Capital, Blackwell, NVIDIA Locations: New York
Many consumers are enamored with generative AI, using new tools for all sorts of personal or business matters. From OpenAI's ChatGPT to Google's Gemini to Microsoft Copilot software and the new Apple Intelligence, AI tools for consumers are easily accessible and proliferating. How is your information used and how might it be used? If you're entering a confidential document, the AI model now has access to it, which could raise all sorts of concerns. Set a short retention period for generative AI for searchConsumers might not think much before they seek out information using AI, using it like they would a search engine to generate information and ideas.
Persons: Jodi Daniels, Daniels, Andrew Frost Moroz, Frost Moroz, Jacob Hoffman, Andrews, Hoffman, you've Organizations: Microsoft, Apple Intelligence, Red Clover Advisors, Apple, Company, Aloha, OpenAI, ChatGPT, Frontier Foundation Locations: Miami , Florida
All throughout African American history, leaving has been a form of refusal — something Black people have done in response to White supremacy for centuries. Flight is one of the most common actions in the history of Black resistance. Everything in the South depended on enslaved labor. Cities were already fragile from White flight: White families that were not interested in integration left cities for the suburbs decades earlier, in the 1940s and 1950s. But in America, as a Black American, what is home?
Persons: Kellie Carter Jackson, Michael, Denise Kellen ’, , Read, ” Marvin Germain, Thomas Jefferson, Mary Ann Shadd Cary, Ida B, Wells, Jackson, Paul Robeson, James Baldwin, Du Bois, Josephine Baker, Mabel, Robert Williams Organizations: of Africana Studies, Wellesley College, CNN, American, Poor, Mortgage, realtors, Act, Europe, NAACP, Black Panthers Locations: Canada, Ghana, Portugal, Charleston, Georgia, Virginia, Midwest, Northeast, West Coast ., masse, White, United States, States, Europe, Cuba, China, Detroit, Tanzania, Algeria, America
Read previewNATO is moving forward with a new initiative that will see it take greater control over Western efforts to arm and train Ukraine's military. The move comes as the alliance aims to solidify the long-term support for Kyiv as it battles the Russian invasion. Growing concern about the potential change in US leadership has hung over the highly consequential NATO summit in Washington this week. Ukraine's President Volodymyr Zelenskyy and US President Joe Biden at the 2024 NATO summit. "There are 32 countries in the alliance," the NATO official who spoke on the condition of anonymity said Thursday.
Persons: , Donald Trump —, Donald Trump, NICHOLAS KAMM, Volodymyr Zelenskyy, Joe Biden, Susan Walsh, Trump, Ivo Daalder, Laurynas Organizations: Service, Kyiv, NATO, Ukraine —, Business, Wednesday, Assistance, Training, White, Getty, Ukraine Defense Contact, AP, Ukraine, Russian, Trump, Wall Street, Kiel Institute, Politico, Republican, Democratic Locations: Russian, Ukraine, Washington, Germany, Poland, Romania, Slovakia, Kyiv, Russia, Europe, NATO
Chinese companies are leading the way in the experimentation of generative AI, but they're still behind the U.S. when it comes to full implementation, according to a new survey. The survey respondents were decision-makers in GenAI strategy or data analytics in 1,600 organizations worldwide in key sectors, including banking, insurance, retail, and health care. Adoption referred to both experimentation and full implementation in the survey. Chinese organizations are leading in the adoption of generative AI, with 83% of them either running initial tests or having fully implemented the technology. That's much higher than the United Kingdom at 70%, followed by the United States at 65% and Australia at 63%.
Persons: they're, Coleman Parkes — Organizations: SAS Institute Locations: U.S, China, United Kingdom, United States, Australia
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSoFi CEO Anthony Noto on state of the economy, product offerings and growth outlookCNBC’s Julia Boorstin and SoFi CEO Anthony Noto join 'Squawk Box' to discuss the state of the economy, SoFi's product offerings, navigating in a high interest rate environment, growth outlook, AI integration, and more.
Persons: Anthony Noto, Julia Boorstin
Learn moreSamsung announced its new Galaxy Watch lineup on July 10, including a first-of-its-kind Galaxy Watch Ultra and a Galaxy Watch 7. The Samsung Galaxy Watch Ultras run Samsung's Galaxy AI for two major features, Energy Score and Wellness Tips. AdvertisementSamsung Galaxy Watch Ultra: FeaturesThe Galaxy Watch Ultra sports a rounded square titanium case with a circular display face, and it includes a new Quick Button for various inputs during a workout. Antonio Villas-Boas/Business InsiderThere's no Galaxy Watch 7 Classic with a spinning bezel released at the moment — only a standard Galaxy Watch 7 that comes in two sizes, including a large 44mm option in green and silver colors. For preorders of the Galaxy Watch 7 and Galaxy Watch Ultra, Samsung is offering a free additional watch band and a 25% discount on a second device if you preorder one of the new smartwatches alongside the Galaxy Z Fold 6, Galaxy Z Flip 6, or Galaxy Buds 3.
Persons: Antonio Villas Organizations: Business, Samsung, Galaxy Watch, Galaxy, Energy, Samsung Galaxy Watch, Boas, Samsung Health, Watch, Samsung Galaxy
He's credited with creating the European Political Community, bringing leaders from across 50 states in the region to discuss shared challenges and to coordinate joint responses. For now, Macron has rejected his current Prime Minister Gabriel Attal's resignation and on Monday asked him to stay in the post "to ensure the country's stability." Subran stressed that it was vital that Macron was aligned with the future prime minister. It hasn't paid off, and France's uncertain political outlook will likely perturb France's European partners, one French political scientist told CNBC. French President Emmanuel Macron reviews troops that will take part in the Bastille Day parade, July 2, 2024 in Paris, France.
Persons: Emmanuel Macron, Sebastien Salom, Emmanuel Macron's, Macron, , Tina Fordham, it'll, Fordham, Francois Hollande, Angela Merkel, He's, Germany —, Volodymyr Zelenskyy, Hollande, Gabriel Attal's, Ludovic Subran, Subran, Donald, Trump, — we're, CNBC's Charlotte Reed, it's, Macron's, hasn't, Philippe Marlière, France isn't, Aurelien Organizations: Afp, Getty Images, Fordham Global Foresight, CNBC, NATO, European Union, Socialist, Political, Russia, Ukrainian, Reuters, NFP, Monday, Allianz, U.S, Republican, NurPhoto, EU, University College London Locations: gomis, Europe, France, Washington, Ukraine, Germany, Kyiv, Paris, China, Brussels, Strasbourg, Russia
CNN —A year ago, NATO heads of state gathered in Vilnius, Lithuania, for their annual summit. He called NATO’s unwillingness to establish a concrete timeframe for Ukraine’s membership “unprecedented and absurd,” causing consternation in the Biden administration and nearly derailing the summit. Several key NATO members, however, haven’t been especially eager to come to the defense of Ukraine. Why would Putin consider a ceasefire or diplomatic settlement with Kyiv if he knew that NATO membership for Ukraine was just around the corner? Biden should tell Zelensky point-blank that NATO membership is a fool’s errand — and while he’s at it, he ought to apologize to all Ukrainians, for waiting so long to state the obvious.
Persons: Daniel R, CNN —, Vladimir Putin, DePetris, Volodymyr Zelensky, Biden, , Jens Stoltenberg, haven’t, George W, Bush, Barack Obama, Zelensky, Russia Michael McFaul, Putin, it’s Organizations: Defense, Chicago Tribune, The New York Times, Politico, Street, Guardian, CNN, NATO, Ukraine Locations: The, Vilnius, Lithuania, Bucharest, Ukraine, Washington, Kyiv, United States, Europe, North America, Poland, Georgia, Soviet, France, Germany, Crimea, , Russia, Moscow
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