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But after more than eight months of war in Gaza, Israel and Hamas still appear to be far apart on an agreement. On Tuesday, Hamas issued a formal response to the cease-fire proposal to Qatari and Egyptian mediators, which officials in the Palestinian armed group said included some amendments. In the second phase, both sides would declare a permanent cease-fire, Israeli forces would withdraw from Gaza, and more hostage-for-prisoner exchanges would take place. Mr. Biden described the proposal as an Israeli initiative, and Israeli officials confirmed it was approved by the country’s top leadership. Asked about the ambiguous Israeli public stance, Mr. Sullivan said he could confirm that Israel stood behind the proposal.
Persons: Jake Sullivan, Biden, Mr, Sullivan, Israel, Hamas’s, Benjamin Netanyahu, Netanyahu’s, Farnaz Fassihi Organizations: U.S, Hamas, United Nations Security, Iran’s Revolutionary Guards Corps, Revolutionary Guard Locations: Egypt, Qatar, Israel, Gaza, Italy, Hamas, United States
More than 600 seagliders have already been sold for a total of over $9 billion, according to Thalheimer. “When you’re coming in on a bumpy approach, then sort of get right over the runway, and the plane just sort of floats for a second before landing — that’s the ground effect at work. Wouldn’t that be a great place to spend the entire flight, that nice calm state over the runway?”The United States and Germany also experimented with ground effect vehicles, but ultimately the concept never took off. First, Thalheimer says, seagliders are better at dealing with waves than vintage ekranoplans. Old ground effect vehicles were more akin to aircraft, with pilots controlling them at all times.
Persons: “ We’re, , Billy Thalheimer, REGENT, seagliders, Regent, Thalheimer, ekranoplans, Rather, , Brittany Ferries, Ras Al Khaimah, Darren Biddlecombe Organizations: CNN, REGENT, United Arab, Regent, Air Mobility, Key West, Japan Airlines, New, Abu Dhabi Department of Transport Locations: Boston, North America, Abu Dhabi, United Arab Emirates, Europe, Asia, Dubai, Soviet Union, United States, Germany, Hawaii, Miami, Key, Bahamas, Brittany, France, Italy, New Zealand, Ras Al
Massimo Pinca | ReutersDETROIT – Since spearheading a merger to create Stellantis in 2021, CEO Carlos Tavares has been on a cost-cutting mission. "We are not in the race to transition to EVs, but in a race to cut cost on EVs," Tavares said in late May during a Bernstein investor conference. The cuts are part of Stellantis' strategic plan to increase profits and double revenue to 300 billion euros by 2030. Executives on Thursday will outline developments across Stellantis' regions and businesses, including its capital and operational disciplines, according to Stellantis CFO Natalie Knight. "The share price reaction to the [capital markets day] will likely be driven by how these short-term concerns are addressed.
Persons: Carlos Tavares, Massimo Pinca, Tavares, " Tavares, Stellantis, Ned Curic, EVs, I've, Natalie Knight, David Dee Delgado, Ram, China's, Patrick Hummel Organizations: Reuters DETROIT, Atlantic, PSA Groupe, Fiat Chrysler, Ram, CNBC, Amazon, New York, Auto, Reuters, Cox Automotive, UBS, GM, Ford Locations: Turin, Italy, U.S, Auburn Hills , Michigan, Manhattan , New York, China
This week, the pope is due to make an historic intervention in the debate around AI at the G7 summit in southern Italy’s Puglia region. AI, the pope believes, can make the world a better place only if it serves the “common good” and does not increase inequalities. European Union lawmakers have already passed a law regulating AI, while a bipartisan group of US senators have set out plans for AI regulation that could lead to federal legislation. “AI and emerging technologies are on Pope Francis’ radar screen,” Larrey, now a professor of philsophy at Boston College, told CNN. It’s clear that Francis sees AI as part of what he called the “epochal change” taking place at the beginning of the 21st century.
Persons: Pope Francis, Francis, Joe Biden, , , Paolo Benanti, Benanti, ” Benanti, Vincenzo Paglia, Giorgia, Francis ’, Father Antonio Spadaro, Philip Larrey, Larrey, Pope Francis ’ Organizations: CNN, Catholic, Pontifical Academy for Life, Microsoft, IBM, Cisco Systems, United Nations, Food, Agriculture Organization, Union, Philosophy Department, Pontifical Lateran University, Boston College Locations: Italy’s Puglia, ” Italy, Puglia “, Puglia, Rome, Nevada
Employees work on the assembly line of new energy vehicles at a factory of Chinese EV startup Leapmotor on April 1, 2024 in Jinhua, Zhejiang Province of China. The additional tariffs are the result of an EU probe that began in October. Main Chinese BEV producer BYD was struck with a 17.4% tariff, with Geely slapped with a 20% duty. "We strongly oppose the use of increased tariffs as a strategy to obstruct the normal global trade of electric vehicles. watch nowGlobal EV trade tensions
Persons: Shi Kuanbing, Valdis Dombrovskis, Dombrovskis, BEV, BYD, Geely, Elon Musk's Tesla, Tesla, Nio Organizations: Visual China, Getty, Union, EV, European Commission, EU, CNBC, China's Ministry of Commerce, Google, World Trade Organization, SAIC, Global Locations: Jinhua, Zhejiang Province, China, Europe, Shanghai
The firm upgraded the ingredients maker to buy from neutral but lowered its price target to $48 per share from $50. "Though these items might not help earnings until 2025, we believe visibility surrounding them could improve in coming months and send the share price higher," he added. Lovallo has a $198 price target for Lennar, reflecting 30.1% in upside. Analyst Raimo Lenschow upgraded the marketing automation stock to overweight from equal weight and upped his price target by $4 to $29. Singlehurst raised her price target to $58 from $54.20, but the new forecast implies nearly 2% downside from Tuesday's close.
Persons: Goldman Sachs, Thomas Palmer, — Brian Evans, Edward Jones, Logan Purk, — Jesse Pound, John Lovallo, Lovallo, — Alex Harring, Oppenheimer, Colin Rusch, Rusch, Alex Bradley, Alex Harring, Raimo Lenschow, Lenschow, Wells, Steven Cahall, Wedbush, Michael Pachter, Pachter, Keith Gill, Piper Sandler, Valvoline Piper Sandler, Peter Keith, Keith, VVV's algo, hasn't, Will Gaertner, Gaertner, Morgan Stanley, Mark Murphy, Keith Weiss, Brent Bracelin, Louise Singlehurst, Singlehurst, Fred Imbert Organizations: CNBC, Analysts, Citi, Diamond Green Diesel, AMD, Devices, Nvidia, UBS, Lennar, KB, Barclays, Wells Fargo, Paramount, GameStop, Products, LSEG, Google, AI, JPMorgan, Oracle Locations: California, Tuesday's, VVV, reaccelerate, ORCL
That’s why it is crucial for central bankers to insist on 2%. “By communicating an explicit inflation target — and then delivering inflation consistent with that target — central banks earn credibility with the public,” New York Fed President John Williams said in a recent speech. Stripping away highly volatile categories such as food and energy — a measure referred to as “core” inflation — won’t quell central bankers’ concerns. The Fed can’t ignore CPIAlthough CPI isn’t the inflation gauge the Fed targets, central bankers don’t write it off. It was, however, welcome news to Fed officials that Consumer Price Index-measured inflation fell to 3.4% in April from 3.5% in March.
Persons: Frank Robinson, , they’re, Jerome Powell, ” Powell, Ben Bernanke, they’ll, John Williams, hasn’t, , Tom Barkin, don’t, Christopher Waller Organizations: New, New York CNN —, Federal, Fed, New York Fed, ” New York Fed, ” Richmond Fed, CPI Locations: New York
This disastrous mindset has hollowed out Silicon Valley's ability to innovate and caused regular people to grow increasingly frustrated with everyday tech. The large platforms have generally ignored this feedback for one big reason: The tech industry has been taken over by career managers. Now Google Search is more profitable and worse, elevating spammy content and outright scams, a problem exacerbated by artificial intelligence. AdvertisementBut today's tech products feel built to sell a dream of the future rather than solve a customer's existing pains. As long as the tech industry is controlled by people who don't build things, it will continue to build products that help raise growth metrics rather than help consumers with tangible problems.
Persons: scammers hawking, Meta's, Hewlett Packard, Kevin Systrom, Mike Krieger, Adam Mosseri, Systrom, Krieger, Mosseri, Mark Zuckerberg, Instagram, Kylie Jenner, Kim Kardashian, Sundar Pichai, Prabhakar Raghavan, Raghavan, Ben Gomes, Gomes, it's, Sam Altman, Helen Toner, Ilya Sutskever, Larry Summers, Fidji Simo, Meta —, , Steve Jobs, Steve Wozniak Organizations: Facebook, Google, Microsoft, Amazon, Oracle, Adobe, Meta, Builders, Apple, Xerox, HP, Department, Reuters Institute, Oxford University, Silicon Valley Locations: Silicon, Silicon Valley
When it comes to gender equality, the architectural profession is a laggard, to say the least. It wasn’t until the 21st century that the Pritzker Architecture Prize — the profession’s highest accolade — was first awarded to a woman: Zaha Hadid, who won it in 2004. Yvonne Farrell and Shelley McNamara, co-founders of the Dublin firm Grafton Architects, are among only five women who have collected the award since. In awarding them the 2020 prize, the Pritzker jury described Farrell and McNamara as “pioneers in a field that has traditionally been and still is a male-dominated profession,” and cited their consistent regard for “the people who would inhabit and use their buildings and spaces.”Community-oriented, sustainable architecture was one of the themes of the Art for Tomorrow conference, an annual event convened by the Democracy & Culture Foundation with panels moderated by New York Times journalists that was held in Venice last week. In a panel titled “Architecture for Good,” Manuela Lucá-Dazio, executive director of the Pritzker Prize, said that while the Pritzker’s mission had remained the same since it was established in 1979, “our world has deeply changed in the past 45 years.”
Persons: , Zaha Hadid, Yvonne Farrell, Shelley McNamara, Farrell, McNamara, , ” Manuela Lucá Organizations: Pritzker, Grafton Architects, Art, Tomorrow, Democracy & Culture Foundation, New York Times Locations: Dublin, Venice
Morgan Stanley reiterates Apple as overweight Morgan Stanley said it's sticking with its overweight rating following the company's Worldwide Developers Conference. Baird reiterates Tesla as outperform Baird said it's sticking with its outperform rating heading into Thursday's shareholder meeting. "We are initiating coverage of Bitdeer Technologies Group (BTDR) with an Overweight rating and $13 PT." We argue the former, initiating coverage with an Outperform rating and $50 TP." Barclays reiterates PepsiCo as overweight Barclays said it's sticking with its overweight rating on the stock despite a bumpy macro in the salty snacks category.
Persons: Morgan Stanley, Apple, WWDC, Oppenheimer, Ford, Baird, Tesla, Evercore, Cantor Fitzgerald, Cantor, Piper Sandler, Piper, it's, it's bullish, Bernstein, BTIG, D.A, Davidson, Citi, Uber Organizations: Nets, Apple, JPMorgan downgrades, JPMorgan, Nvidia, Bitdeer, Bitdeer Technologies, Citi, Broadcom, VMware, Barclays, DA, PepsiCo Locations: JPMorgan downgrades Cleveland, Cleveland, Delaware, China
Video Ad Feedback Video shows King Charles' portrait being vandalized by activists 00:51 - Source: CNNLondon CNN —Activists from an animal rights group have vandalized the first official portrait of King Charles, currently on display in a London gallery. Campaign group Animal Rising posted a video on its social media channels on Tuesday showing two activists using a paint roller to stick signs over the portrait of the monarch. The painting, which is the first official portrait of King Charles as monarch, raised eyebrows when it was officially unveiled earlier this year. Activists covered the king’s head with a sign of British cartoon character Wallace, from the “Wallace and Gromit” comedy series. One British newspaper suggested the activist group chose “Wallace and Gromit” because of a remark made by Queen Camilla in 2012.
Persons: King Charles, Philip Mould, Jonathon Yeo, Wallace, “ Wallace, Gromit, Queen Camilla, Elizabeth’s, Camilla, Mould Organizations: CNN London CNN —, Royal Society for, RSPCA ., Clarence House, CNN Locations: London, British
French election shock hits stocks and the euro
  + stars: | 2024-06-10 | by ( Anna Cooban | ) edition.cnn.com   time to read: +4 min
London CNN —The decision by French President Emmanuel Macron to call a snap election after losing to the far right in a vote for European lawmakers roiled markets and the euro Monday. The first round of the French election is scheduled for June 30, followed by the second round on July 7. Under the French system, parliamentary elections are held to elect the 577 members of the lower house, the National Assembly. Higher yields indicate that investors want a bigger premium to buy French bonds given the political uncertainty. “A right-wing majority in the (French parliament) would hamper any reform plans.
Persons: Emmanuel Macron, Macron, Générale, , , Mike O’Sullivan, whittle, Andrew Kenningham, ” Mohit Kumar Organizations: London CNN, BNP, Credit Agricole, National, National Assembly, CNN, Capital Economics, Jefferies Locations: Paris, Europe, , France
Mancuso started making small tweaks to her diet and lifestyle, stayed consistent, and the weight came off. Leah MancusoNow 188 pounds, Mancuso, a photographer based in Scottsdale, Arizona, feels like a new person. One nutritious food per dayInstead of trying to overhaul her whole diet, Mancuso started small by eating one nutritious food every day — the first was eggs. Nutrition-wise, Mancuso progressed from eating one nutritious food a day to keeping a food journal. She returned to Disneyland 200 pounds lighterIn December 2023, Mancuso went back to Disneyland nearly 200 pounds lighter than her previous visit.
Persons: , Leah Mancuso, Mancuso, Wegovy, dieter, Jenny Craig, wouldn't, she'd, Taco Bell, Erica, Jon, Mancuso didn't, Tara Dunn, I'm Organizations: Service, Business, Taco, Nutrition Locations: Scottsdale , Arizona, WeightWatchers
Russia's economy is facing challenges despite resilience and high liquidity, says Rosneft's CEO. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . But doing business is hard, according to the boss of a Russian oil giant. This story is available exclusively to Business Insider subscribers.
Persons: , Igor Sechin, Rosneft Organizations: Russia's, Service, St ., Economic, Business Locations: Ukraine, Russian, St, St . Petersburg
Analyst Stephen Grambling reiterated his overweight rating on shares, which he thinks should move higher based on potential earnings upside. Analyst Christopher Horvers upgraded the big-box retailer to overweight and hiked his price target by $15 to $81, which suggests 25.4% potential upside. Analyst Tom O'Malley's price target is now $145 per share, which implies 19.9% potential upside from Friday's close. Ramsey also attributed his new price target to the firm's latest data center modeling which estimates a software-based revenue breakout for Nvidia. He raised his price target to $150, which implies 40.8% upside from Friday's close.
Persons: Morgan Stanley, Stephen Grambling, Grambling, — Pia Singh, Christopher Horvers, Horvers, Tom, O'Malley, TD Cowen, Matthew Ramsey, Ramsey, Rajat Gupta, Gupta, CVNA, Joseph Moore, Moore, Fred Imbert Organizations: CNBC, Monday, JPMorgan, North America Gaming, Illinois Senate, Walmart, Nvidia, Barclays Barclays, Sovereign, Broadcom, AMD Locations: Illinois, North, IL
For investors hoping Nvidia 's stock split could translate into a sustainable rally, Goldman Sachs cautioned that the benefits from such an event are usually minimal. Last month, Nvidia announced a 10-for-1 forward stock split in its fiscal first-quarter earnings report. A stock split doesn't change a company's underlying fundamentals or the intrinsic value of its shares. Goldman said companies saw only a 0.2 percentage point increase in retail share of trading activity following stock splits on average. Notably, Nvidia's 2021 stock split led to a 7 percentage point increase in the average share of retail trading.
Persons: Goldman Sachs, Goldman, David Kostin Organizations: Nvidia, Russell, Amazon
Instead, I scour the internet and local consignment sales to find clothes secondhand and then resell them after they're done wearing them. Related storiesFacebook is also a great place to buy kids' clothes. AdvertisementElliott Harrell says that it takes time to buy and sell secondhand clothes, but it's worth it. Courtesy Elliott HarrellIt takes work and patience to buy and sell secondhand kids' clothingBuying and selling kids' clothes is a marathon, not a sprint. It takes time and effort, but buying secondhand and reselling is a way to drastically reduce your spending.
Persons: , they're, Hanna Andersson, Elliott Harrell, Elliott Harrell Here's, You'll, They're, Mini Boden, Beaufort, I've Organizations: Service, Business, Boden, Facebook, Navy, Company Locations: Raleigh , North Carolina
Read previewSome might say a universal basic income is wishful thinking, but one study suggests it could have staggering impacts on the global economy. Basic income pilots gained popularity after the COVID-19 pandemic, which caused record-high unemployment — nearly 15% — in the United States in early 2020. A universal basic income program, or UBI, would provide regular cash payments to everyone. South Africa is on track to be the first country to adopt a universal basic income. "In theory, it is a beautiful idea to use basic income to help people, sustain nature, and boost the economy.
Persons: , Rashid Sumaila, Sumaila Organizations: Service, Business, University of British Locations: United States, University of British Columbia, America, Iowa, South Africa
No one knows more about losing weight than a fat person. Then, I lost over 200 pounds and realized that we need more compassion and nuance when it comes to talking about weight. I was super strict, and over the next 14 months I lost 200 pounds. I can love my (still fat) body while also making it as healthy as possible, which might involve losing weight. When I weighed 420 pounds, the idea of climbing Mount Everest would have seemed more reasonable than losing 200 pounds.
Persons: Ian Karmel, Alisa Karmel, we've, , à, Austin Powers, Alisa, I've Organizations: Service, Business, Panda Express
Buying stocks with a rising exposure to artificial intelligence could lead to outperformance later this year, according to Morgan Stanley. But for investors who have missed out on the AI trade, Morgan Stanley says it's not too late. In a recent note, a team of eight Morgan Stanley strategists led by Edward Stanley highlighted a group of stocks where artificial intelligence is beginning to play a bigger role in their business, which they called "the enablers." "We believe this strategy of picking stocks where AI materiality is increasing will continue to work for investors for the remainder of 2024," Morgan Stanley wrote. Earlier this week, both Morgan Stanley and Goldman Sachs reiterated buy ratings on First Solar.
Persons: outperformance, Morgan Stanley, Jensen, it's, Edward Stanley, enablers, Morgan, FactSet, Goldman Sachs, Bernstein, Stacy Rasgon, Melius, Raymond James, Josh Beck, Michael Bloom Organizations: Nvidia, Broadcom, Bernstein Research, JPMorgan, Facebook Locations: Thursday's
watch nowAmerica's economic engagement in Indo-Pacific "isn't about China" but for strengthening U.S. presence in the region, Commerce Secretary Gina Raimondo told CNBC. President Joe Biden launched the Indo-Pacific Economic Framework for Prosperity, involving14 countries, about two years ago, for economic and trade cooperation among the member states. Raimondo underscored the U.S doesn't stop countries in the region from deepening their own economic ties with China. "They all do trade with China, they all trade in EVs with China … that's fine." She added the U.S. was also "massively ramping" up its economic support in the region by providing technology, technical assistance and capital.
Persons: Gina Raimondo, Joe Biden, Raimondo, CNBC's Eunice Yoon, Lawrence Wong Organizations: CNBC, Prosperity, Commerce Department, Singapore's, U.S . Commerce Locations: China, U.S, Singapore, United States, Southeast Asia, EVs
The United States government is more than $34 trillion in debt. Did you know that our government owes $34 trillion? That’s $34 trillion! So I thought it might be useful to talk about how I see the issue of public debt and why it doesn’t loom larger in my concerns. isn’t unprecedented, even in America: It’s roughly the same as it was at the end of World War II.
Persons: I’m, hypocrites Organizations: United Locations: United States, America, Japan
India's stock market has been topsy-turvy in the past week. WealthMills Securities' equity market strategist Kranthi Bathini says "India's stock markets need stable policy continuity going forward." "The Union Budget has consistently increased allocations for infrastructure development. Strong digital economy and startup ecosystem Another longer-term theme on Sengupta's radar is the digital economy and startup ecosystem. Riding the consumer wave Aside from sectors poised for growth, WealthMills Securities' Bathini suggests looking out for names set to benefit from the strong consumer.
Persons: turvy, Narendra Modi's, Modi, Dhruba Jyoti Sengupta, Kranthi Bathini, Sengupta —, Sengupta, Bathini Organizations: Narendra Modi's Bharatiya Janata Party, BJP, Lok Sabha, Wrise, CNBC Pro, BSE, Bombay Stock Exchange, WealthMills Securities, Budget, Hindustan, Indian Railway Catering, Tourism Corporation, Indian, Construction, Titagarh, Systems, India, Canara Bank, Bajaj Finance, Securities, Hindustan Aeronautics, Tata Motors, Reliance Industries Locations: Lok, Asia, East, Europe, India, uptrend
It's time for investors to buy the dip on Jazz Pharmaceuticals , according to Goldman Sachs. The investment bank initiated coverage of the pharmaceuticals stock with a buy rating, setting a 12-month price target of $169. Jazz Pharmaceuticals has slipped 15% this year. Indeed, investors have grown concerned over Jazz's potential loss of exclusivity and rising competition regarding oxybates, which reduces daytime sleepiness. An additional catalyst comes in the form of Vision 2025, Jazz's strategic initiative launched in January 2022 to target $5 billion in revenue from 2025.
Persons: Goldman Sachs, Andrea Tan, Tan Organizations: Jazz Pharmaceuticals
Being the default parent often gets a bad rap. It's a lot of physical and mental work and can be stressful, and I often see people complaining about being the default parent. Doing all of the things a default parent does can easily fill a full day. AdvertisementI'm nearing four years as the default parent, and quite frankly, I excel at it. The tradeoffs have been worth it, and I feel fortunate that I had a say in choosing to be the default parent.
Persons: It's, Long, I'm, it's Organizations: Service, Business Locations: New York City
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