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☆ Europe may need to impose tariffs of up to 55% to curb Chinese EV imports: report
▼ + stars: | 2024-04-30 | by ( Dylan Butts | ) www.cnbc.com time to read: +1 min

Vehicles set to be shipped to Europe, at Taicang Port on Dec. 19, 2022, in Suzhou, China. The European Union will need to levy higher-than-expected tariffs of up to 55% on Chinese electric vehicles to curb their imports into the bloc, according to a new analysis by Rhodium Group. The findings, released Monday, come amid the EU's ongoing anti-subsidy investigation into EV imports from China. Rhodium Group, which expects the EU to impose tariffs in the 15% to 30% range on Chinese EVs, said those tariffs were unlikely to be enough to check competition from China. Chinese EV makers are locked in an intense price war in their home market.

Persons: Tesla Organizations: Taicang Port, European, Group, EV, EU Locations: Europe, Taicang, Suzhou, China

☆ Samsung's memory business will get a lift when AI PCs hit the shelves, advisory firm says
▼ + stars: | 2024-04-30 | 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 EmailSamsung's memory business will get a lift when AI PCs hit the shelves, advisory firm saysOlivier Blanchard, research director at The Futurum Group, discusses Samsung's results and says the company "had a pretty rough 2023, so it's good to see them climb out of it, and climb out of it pretty quickly."

Persons: Olivier Blanchard

☆ Cyberattack on UnitedHealth firm forces doctors to dig into personal savings to stay afloat
▼ + stars: | 2024-04-30 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +19 min

Change Healthcare offers payment and revenue cycle management tools, and other solutions such as electronic prescription software. On Feb. 21, UnitedHealth Group , which owns Change Healthcare, discovered that hackers compromised part of the unit's information technology systems. UnitedHealth told CNBC earlier this month that there is "no evidence of any new cyber incident at Change Healthcare." It's just one of the ways Change Healthcare touches cash flow within the health-care sector. A controversial mergerSheldon Cooper | Sopa Images | Lightrocket | Getty ImagesUnitedHealth's ownership of Change Healthcare has raised eyebrows from the outset.

Persons: Omar Marques, Dr, Angeli Maun Akey, Akey, she's, UnitedHealth, I've, Andrew, Mike Bradley, Barbara McAneny, McAneny, Sarah Carlson, Carlson, Sheldon Cooper, Optum, Michael Nagle, Tyler Kisling, Kisling, he's, There's, it's, Purvi, Parikh hadn't, they've, Amit Phull, Phull, Igor Golovniov Organizations: Lightrocket, CNBC, Healthcare, UnitedHealth, U.S . Securities, Exchange Commission, Change, Inc, Bloomberg, Getty, U.S, American Medical Association, AMA, U.S . Department of Justice, DOJ, U.S . Department of Health, Human Services, Wall Street, New York Stock Exchange, Change Healthcare Locations: Gainesville , Florida, U.S, Minnetonka , Minnesota, UnitedHealth's, New Mexico, Boulder , Colorado, California, New York City, UnitedHealth

☆ A Plot to Overthrow Germany’s Government Heads to Court
▼ + stars: | 2024-04-29 | by ( Christopher F. Schuetze | ) www.nytimes.com time to read: 1 min

A year and a half after police and intelligence officers in Germany uncovered a plot to overthrow the country’s government and replace its chancellor, the first of three trials in the sprawling case is set to begin on Monday in Stuttgart. Most of the would-be insurrectionists were arrested in December 2022, when heavily armed German police officers stormed houses, apartments, offices and a remote royal hunting lodge and made dozens of arrests. Those charged included a dentist, a clairvoyant, an amateur pilot and a man running a large QAnon telegram group. The German authorities contend that their figurehead was Heinrich XIII Prince of Reuss, an obscure and conspiracy-minded aristocrat who would have been made chancellor if the coup had succeeded.

Persons: Heinrich XIII Prince of Reuss Locations: Germany, Stuttgart

☆ AstroForge: How this startup plans to make asteroid mining a reality.
▼ + stars: | 2024-04-23 | by ( Amy Gunia | ) edition.cnn.com time to read: +11 min

Now the California-based startup is attempting to make asteroid mining a reality. That makes AstroForge the only company with a refinery that can turn M-type asteroids into PGMs in space, he adds. Some in the scientific community are skeptical that the private sector will be able to afford asteroid mining. Its all-or-nothing, lower-cost approach may help push asteroid mining closer to reality. “I hope if nothing else,” Gialich says, “we’re known as a space company that went for it.”

Persons: Matt Gialich, Gialich, Jose Acain, “, ”, we’re, “ We’re, AstroForge, Edward Carreon, “ that’s, –, Dan Britt, REx, James Cameron, Larry Page, Britt, “ I’m, ” Gialich, NASA's, Aubrey Gemignani, ” Britt, AstroForge’s Organizations: CNN, Virgin, SpaceX, NASA, Companies, Apple, Center, University of Central, JAXA, United, United Arab Emirates ’ Space Agency, UAE Space Agency, AP NASA, Planetary Resources, Titanic, Google, NASA's Kennedy Space Center, Getty Locations: California, University of Central Florida, China, United Arab, United Arab Emirates, Utah, Los Angeles, Florida

☆ Rockets fired from Iraq towards U.S. military base in Syria, Reuters reports citing sources
▼ + stars: | 2024-04-22 | by ( ) www.cnbc.com time to read: +1 min

At least five rockets were launched from Iraq's town of Zummar towards a U.S. military base in northeastern Syria on Sunday, two Iraqi security sources and a U.S. official told Reuters. At least five rockets were launched from Iraq's town of Zummar towards a U.S. military base in northeastern Syria on Sunday, two Iraqi security sources and a U.S. official told Reuters. The attack against U.S. forces is the first since early February when Iranian-backed groups in Iraq stopped their attacks against U.S. troops. Another popular Telegram group close to Kataib Hezbollah, Sabreen News, later said there had been no official statement by the Iran-backed faction. A U.S. official, speaking on the condition of anonymity, said more than five rockets were fired from Iraq towards troops at a coalition base in Rumalyn, Syria, but no U.S. personnel were injured.

Persons: Mohammed Shia, Sudani, Joe Biden Organizations: U.S, Reuters, Iraqi, White, Kataib, Hezbollah, Sabreen Locations: Iraq's, Zummar, Syria, Iranian, Iraq, United States, U.S, Iran, Rumalyn

☆ Call of the Day: is Apple 'dead money'?
▼ + stars: | 2024-04-17 | 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 EmailCall of the Day: is Apple 'dead money'? The Investment Committee debate whether Apple is "dead money" according to a note from Maxim Group.

Organizations: Apple, Maxim Group

☆ Maxim's Tom Forte talks why he thinks Apple is 'dead money'
▼ + stars: | 2024-04-17 | 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 EmailMaxim's Tom Forte talks why he thinks Apple is 'dead money'Tom Forte, Maxim Group managing director, joins 'Closing Bell Overtime' to explain why he thinks Apple is dead money after downgrading the stock to hold.

Persons: Tom Forte, Apple Organizations: Maxim Group

☆ 'It's all upside' for TSMC and other chipmakers over the next decade, advisory firm says
▼ + stars: | 2024-04-11 | 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'It's all upside' for TSMC and other chipmakers over the next decade, advisory firm saysOlivier Blanchard, research director at The Futurum Group, says "it's a good time to be a chip manufacturer, and it's a really good time to be TSMC," and discusses how a Trump presidency might affect the Taiwanese chip giant's outlook.

Persons: Olivier Blanchard, Trump

☆ Global distribution of semiconductor supply will enable more predictability - Strategist
▼ + stars: | 2024-04-09 | 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 EmailGlobal distribution of semiconductor supply will enable more predictability - StrategistCory Johnson of The Futurum Group discusses TSMC winning $6.6 biliion in U.S. subsidies for chip production in Arizona, and what this means for the wider semiconductor industry.

Persons: Cory Johnson Locations: Arizona

☆ Google partners with Bayer on new AI product for radiologists
▼ + stars: | 2024-04-09 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +4 min

"That whole process flow is designed to help radiologists get through their task with assistance more quickly," Kurian said in an interview. Google Cloud and Bayer are not the only companies exploring AI applications for medical imaging. Google Cloud has been working with Bayer on the radiology platform for around five years. The foundation was built using existing Google Cloud solutions like Vertex AI, Healthcare API and BigQuery, and Kurian said the platform's data is encrypted. Google Cloud and Bayer are exploring a number of different pricing models for the platform, he said.

Persons: Thomas Kurian, radiologists, Kurian, Keith Kirkpatrick, there's, Kirkpatrick, Bayer, Guido Mathews, Mathews Organizations: Google, Bayer, Tuesday, CNBC, Radiological Society of North, American College of Radiology's, Google Cloud, Philips, Amazon Web Services, GE HealthCare Locations: U.S, Radiological Society of North America, Netherlands

☆ Yellen kicks off China meetings with overcapacity concerns, encouraging market-oriented reforms
▼ + stars: | 2024-04-05 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

Ambassador to China Nicholas Burns (R) receive U.S. Treasury Secretary Janet Yellen (R) upon her arrival in Guangzhou on April 4, 2024. Pedro Pardo | Afp | Getty ImagesBEIJING — U.S. Treasury Secretary Janet Yellen kicked off her first full day of official meetings in China with discussion about overcapacity concerns and encouragement to pursue market-oriented reforms. It is her second trip to China as Treasury secretary. China's growth potentialGuangdong is one of the largest contributors to China's economic growth and home to the city of Shenzhen, a major hub for tech companies and startups. "In recent decades, [Guangzhou] was at the forefront of market-oriented reforms that advanced China's economic development and openness," Yellen said in prepared remarks for her meeting with Wang.

Persons: Liao Min, China Nicholas Burns, Janet Yellen, Pedro Pardo, Yellen, Wang Weizhong, Wang, I've, Nicholas R, Lardy Organizations: Finance, U.S, Treasury, Afp, Getty, Peterson Institute for International Economics, Foreign Affairs Locations: China, Guangzhou, BEIJING, U.S, Beijing, Guangdong province, United States, Guangdong, Shenzhen, Asia

☆ Underestimating China in the AI 'multi-decade arms race' would be a mistake: Analyst
▼ + stars: | 2024-04-05 | 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 EmailUnderestimating China in the AI 'multi-decade arms race' would be a mistake: AnalystDaniel Newman of the Futurum Group says that with the semiconductor export restrictions imposed on China, the country has shown the "ability to innovate against the odds", and he worries about greater retaliation against U.S. tech companies and chipmakers.

Persons: Daniel Newman Organizations: Futurum, U.S Locations: China

☆ ‘Oppenheimer’ finally opens in Japan, the only nation to experience horror of nuclear war
▼ + stars: | 2024-04-01 | by ( Chris Lau | Moeri Karasawa | ) edition.cnn.com time to read: +5 min

The three-hour biopic has broken several records since its release last year, becoming the highest-grossing movie set during World War II, according to Universal. As part of its promotional campaign, Universal sought the views of atomic bomb survivor Tomonaga Masao, who is the president of a Nagasaki-based “hibakusha” group — the name survivors call themselves. Oppenheimer’s invention was first used with devastating effect on August 6, 1945, when a US B-29 bomber named Enola Gay dropped an atomic bomb on Hiroshima. Three days later, another B-29, named Bockscar, dropped an atomic bomb on Nagasaki. The bombings finally prompted Japan to surrender, bringing an end to World War II.

Persons: “ Oppenheimer, Christopher Nolan, Barbie ”, J, Robert Oppenheimer, Kogyo, Tomonaga Masao, Masao, Oppenheimer, ”, Hiraoka Takashi, ” Cillian Murphy, Melinda Sue Gordon, Enola Gay, Barbie, “, Rishu, he’s Organizations: CNN, British, Universal Pictures, Universal, Former Hiroshima, US Department of, Manhattan Project, Social, Warner Bros . Film Group, Warner Bros, Warner Bros ., Reuters Locations: American, Japan, Hiroshima, Nagasaki, Nazi Germany, Tokyo, “ Hiroshima

A significant chunk of that money was strategic, in that it came from tech companies rather than venture capitalists or other institutions. The company has refocused much of its product development on generative AI, and its newly rebranded Gemini model, adding features into search, documents, maps and elsewhere. Alphabet and Nvidia are also investors in Runway ML, a generative AI company known for its video-editing and visual effects tools. Microsoft has invested in many of the techniques underpinning generative AI through its Microsoft Research division. Apple researchers recently published details of their work on MM1, a family of small AI models that can take both text and visual input.

Persons: Satya Nadella, Sam Altman, Justin Sullivan, Claude, Fred Havemeyer, Havemeyer, that's, Anthropic, Gemini Ai, Michael M, It's, Amy Hood, dealmaking Daniel Newman, Mustafa Suleyman, Newman, Lina Khan Organizations: Getty, Getty Images Tech, aren't, GPT, Microsoft, Meta, Apple, Nvidia, Google, Web Services, Amazon, Santiago, AMD, Runway ML, Mistral, Big Tech, Microsoft Research, Baidu, Futurum, Anthropic, Federal Trade Commission Locations: San Francisco, Macquarie, Anthropic, New York City, Mistral, U.S, China

☆ How the Baltimore bridge collapse spawned a torrent of instant conspiracy theories
▼ + stars: | 2024-03-28 | by ( Donie O'Sullivan | ) edition.cnn.com time to read: +9 min

It is entirely possibly that millions of Americans encountered false claims about the bridge collapse when they woke up Tuesday morning before ever seeing the facts. Politics is everythingWhat is perhaps most notable about how quickly and widely conspiracy theories about a breaking news story spread is just how normal this all is right now. Jewish space lasersAs news unfolded on Tuesday, the conspiracy theories continued. Greene has not weighed in on the cause of the bridge collapse. Jewish space lasers were not responsible for the wildfires, nor the Baltimore bridge collapse.

Persons: Francis Scott Key, Israel, ”, Ben Decker, Andrew Tate, Tate, Tate’s, Elon Musk, meekly, Sandy Hook, Alex Jones, “, ” Jones, Jones, Baltimore’s, Baltimore Mayor Brandon Scott, it’s, Biden, Taylor Swift, Joe Biden, Trump, X, David Simon, Simon, –, Marjorie Taylor Greene, Greene Organizations: CNN, Facebook, Maryland State Police, Coast Guard, Baltimore Mayor, Equity, FBI, Republicans, Netflix, HBO, Georgia Republican Locations: Baltimore, Covid, USA, Romania, United Kingdom, Florida, Texas, California, Georgia

☆ A glut of cheap Chinese goods is flooding the world and stoking trade tensions
▼ + stars: | 2024-03-28 | by ( Hanna Ziady | Laura He | ) edition.cnn.com time to read: +8 min

The oversupply of Chinese goods in key industries is stoking tensions between the world’s biggest manufacturer and its major trading partners, including the United States and the European Union. From clothes to carsChina’s exports of low-priced goods got a boost after it joined the World Trade Organization (WTO) in 2001. “What China exports is advanced production capacity that meets the needs of foreign customers,” Xinhua News Agency wrote. US President Joe Biden recently pledged to investigate whether imports of Chinese vehicles pose a national security threat. “But perhaps more importantly, persistent oversupply and low prices of Chinese goods will add to geopolitical tensions and keep the threat of tariffs and counter-tariffs alive,” she wrote in a recent note.

Persons: Hong Kong CNN —, ” Jens Eskelund, Xi Jinping, Huang Jingwen, ” Eskelund, Brad W, ” Markus W, Voigt, China’s BYD, Warren Buffett, Setser, Li Qiang, “, ”, Joe Biden, Jennifer McKeown, Shawn Deng Organizations: Hong Kong CNN, European Union, European Union Chamber of Commerce, Zero, of, People, China’s National Bureau of Statistics, Council, Foreign Relations, World Trade Organization, Aream Group, Tesla, Getty, China Development Forum, Xinhua, Agency, ., EV, European Commission, WTO, Capital Economics Locations: Hong Kong, United States, China, Europe, Beijing, Xinhua, China's Shandong, . Washington, Brussels

☆ Tyler Stanaland and Brittany Snow's relationship timeline, from meeting on Instagram to their sudden split after 'Selling the OC'
▼ + stars: | 2024-03-27 | by ( Palmer Haasch | Caralynn Matassa | ) www.businessinsider.com time to read: +18 min

Tyler Stanaland of "Selling the OC" and Brittany Snow of "Pitch Perfect" were married for two years. Advertisement2018: Snow and Stanaland start dating after meeting on InstagramTyler Stanaland and Brittany Snow at the 25th Annual Palm Springs International Shortfest in June 2019. AdvertisementThe pair, who already had mutual friends, went on their first date to get tacos, Stanaland told People in 2020. Snow told the publication that Stanaland proposed to her in their kitchen, which was also the location of their first kiss. "I love love.

Persons: Tyler Stanaland, Brittany Snow, —, Snow, Stanaland, Alex Hall, they've, Instagram Tyler Stanaland, David Crotty, nothing's, they're, Luis Zepeda, Anna Kendrick, Kelley Jakle, Anna Camp, Chrissie Fit, Insider's Erin McDowell, Billie Jean September Snow, Billie, Kayla Cardona, it's, I'm, Cardona, Tyler, Charlie, she's, Jaspre, she'd, I've, me, Alex Hall —, that's, he's, Hall, Alex Cooper's, Cooper Organizations: Service, Oppenheim, Netflix, Stanaland, Weekly, Us Weekly, BI, People Locations: Instagram, Orange County, Greenwich, New York City, Palm Springs, Malibu, Cielo, Los Angeles, Stanaland

☆ H&M reports better-than-expected first-quarter results
▼ + stars: | 2024-03-27 | by ( Silvia Amaro | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailH&M reports better-than-expected first-quarter resultsCNBC's Silvia Amaro breaks down the latest quarterly results from the H&M Group.

Persons: CNBC's Silvia Amaro Organizations: M

☆ H&M shares jump 14% as profit smashes expectations
▼ + stars: | 2024-03-27 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

(Photo by Budrul Chukrut/SOPA Images/LightRocket via Getty Images)Shares of H&M leapt 14% in early deals on Wednesday, after the Swedish retailer significantly beat profit expectations for its fiscal first quarter. Operating profit rose to 2.08 billion Swedish krona ($196 million), versus the 1.43 billion krona forecast in a LSEG poll of analysts. The company's operating margin rose to 3.9% from 1.3%, as it reiterated its target of a 10% operating margin this year. Net sales fell year-on-year in the first quarter, hitting 53.7 billion krona from 54.9 billion krona. Credibility was lent to the company's 10% operating margin target by positive sales momentum in the early spring/summer season, the Jefferies note added.

Persons: Budrul Chukrut, Inditex, Daniel Ervér, Helena Helmersson, Ervér, Jefferies Organizations: Getty, M Locations: HONG KONG, CHINA, Swedish, Hong Kong, Zara

☆ Domestic demand is the biggest thing missing from China's growth equation: Rhodium's Daniel Rosen
▼ + stars: | 2024-03-25 | 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 EmailDomestic demand is the biggest thing missing from China's growth equation: Rhodium's Daniel RosenDaniel Rosen, Rhodium Group founding partner, joins 'Squawk Box' to discuss China's Development Forum, state of China's economy, growth outlook, and more.

Persons: Rhodium's Daniel Rosen Daniel Rosen Organizations: Group, China's

☆ Futurum Group's Daniel Newman on Nvidia's momentum, headwinds and GTC 2024
▼ + stars: | 2024-03-18 | 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 EmailFuturum Group's Daniel Newman on Nvidia's momentum, headwinds and GTC 2024The Futurum Group CEO Daniel Newman and CNBC's Steve Kovach join 'Power Lunch' to discuss Nvidia's room to continue to run and its upcoming event.

Persons: Group's Daniel Newman, Daniel Newman, Steve Kovach Organizations: Futurum

☆ Solar CEOs bet that Red State investments will protect them from threat of Trump repealing IRA
▼ + stars: | 2024-03-15 | by ( Spencer Kimball | ) www.cnbc.com time to read: +9 min

First Solar , the largest panel manufacturer in the U.S., expects to receive about $1 billion in tax credits this year for making its products domestically. Eight of the top 10 congressional districts in terms of solar investments are represented by Republicans, according to the think tank. Enphase CEO Badri Kothandaraman is blunt that repealing the IRA tax provisions would hurt domestic manufacturing. Enphase makes inverters, a crucial component that converts solar energy harvested by panels into electricity that's usable in homes and in the power grid. Republicans appear less opposed to the wind and solar tax credits, Marcus said.

Persons: Biden, Trump's, Mark Widmar, Widmar, we've, who's, Badri Kothandaraman, Kothandaraman, Trump, Enphase, Tobin Marcus, Marcus, Wolfe, Dan Shugar, Shugar, John Berger, Berger Organizations: Republican, Financial Times, Republicans, House, First, CNBC, GOP, Center, American Progress, Wolfe Research, Senate, Trump, Investors, Detroit autoworkers, Department of Energy Locations: U.S, Arizona, Ohio, Louisiana, Alabama, Puerto Rico, Columbia , South Carolina, Arlington , Texas, Houston

WASHINGTON (AP) — Facing a barrage of super PAC money, more than 20 progressive groups are coming together to forcefully counter pro-Israel groups’ efforts to primary challenge liberal members who've been critics of Israel's blistering military offensive in Gaza. The coalition, called Reject AIPAC, includes Jewish peace organizations and Arab American and Muslim groups that have been organizing in record numbers since the Israel-Hamas war began in October. That campaign has turned the otherwise safely Democratic districts into election battlegrounds. Israel’s air and ground offensive has also driven most Palestinians from their homes and pushed one-quarter of the population toward starvation. This comes as AIPAC shifted in its own strategy in the last several years, transitioning from strictly a lobbying organization to helping elect centrist, pro-Israel Democrats.

Persons: who've, ”, Usamah, Jamaal Bowman, Ilhan Omar, Summer Lee of Pennsylvania, Cori Bush of, ” Andrabi Organizations: WASHINGTON, Israel, Hamas, American Israel Public Affairs Committee, Democratic, Justice Democrats, AIPAC, Democratic Party, Press, Congressional Progressive Caucus, Israel Democrats Locations: Gaza, Israel, Washington, New York, Minnesota, Cori Bush of Missouri

☆ 4 Slack communities helping creators of color and women land paid deals and discuss obstacles they face building businesses
▼ + stars: | 2024-03-08 | by ( Shriya Bhattacharya | Marta Biino | ) www.businessinsider.com time to read: +7 min

For creators and influencers, working online means it's not always easy to build community. TikTok creator Morgan Gadley started the Slack workspace OohhMG in early January because she wanted other BIPOC creators to have access to the brand deal opportunities that were constantly flooding her inbox. Here are four Slack workspaces helping women and creators of diverse backgrounds build their brands, as well as three other groups for influencers. After that, she started introducing creators of color with smaller followings into the group. Other Slack groups for influencersHere are three other Slack groups that influencers told BI have helped them make industry connections or land deals:

Persons: Slack, TikTok, Morgan Gadley, Jessy Grossman's, —, I've, Florence Howard, Shaakira Molisho, they've, Gadley, Grossman, she's, Calveiro, Ogilvy, Naimeesha Murthy, influencers Organizations: Business, Walmart, LinkedIn, Products, Women Locations: New York, India

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