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☆ Can AI carry on this fashion designer’s legacy?
▼ + stars: | 2024-02-06 | by ( Marc Bain | ) edition.cnn.com time to read: +11 min

A few years back, she began thinking about AI after working on a fashion game tied to a line she designed for Walmart. The tagged imagery is fed into the AI model to train it. “It took us about a month to get it to the right point,” said Cyril Foiret, founder and creative director of Maison Meta. Foiret said they essentially had to develop a mini AI model just for that. Last year, she contacted Maison Meta, which was creating a name for itself through projects like organizing the first AI Fashion Week with Revolve.

Persons: Norma Kamali isn’t, Norma Kamali, Lynn Karlin, ”, “, hasn’t, ” Kamali isn’t, She’s, Hillary Taymour, Julius Juul, Heliot Emil, Laverne Cox, Jennifer Lopez, Kamali, Jamie McCarthy, Helmut Lang, Ann Demeulemeester, Alice Bouleau, Bouleau, Maison Meta, Cyril Foiret, Maison, Iman, Nick Elgar, Corbis, Foiret, they’ve, it’s, ” Kamali, “ I’m, Nima Abbasi, Vivienne Westwood, Francesco Da Vinci, ” Abbasi Organizations: The, Fashion, CNN CNN —, New, Maison Meta, Penske Media, Northwest Airlines, Walmart, NBC, Sterling International, Kamali’s, Maison, Getty, Meta, Designers, CNN Locations: New York

☆ Donald Trump paid more than $2.3 million in donor money to law firms helping Ivanka Trump with her legal problems last year
▼ + stars: | 2024-02-06 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +9 min

In 2023, Save America disbursed a total of $1,303,667.11 to the law firm Troutman Pepper Hamilton Sanders, and $1,042,479 to the firm Kellogg, Hansen, Todd, Figel, & Frederick. AdvertisementBoth firms represented Ivanka Trump in New York Attorney General Letitia James's sprawling lawsuit against the Trump Organization, Donald Trump, his three eldest children, and several executives over its finances. Clifford S. Robert and Michael Farina of Robert & Robert served as their local counsel while also defending Eric Trump and Donald Trump, Jr. in the litigation. Kellogg and Figel withdrew from representing Ivanka Trump the following month as the case moved closer to trial. Ivanka Trump didn't respond to a request for comment.

Persons: —, Donald Trump, Ivanka Trump, Robert, — Ivanka Trump, Eric Trump, Donald Trump , Jr, Trump, He's, Robert Maguire, Maguire, Troutman Pepper Hamilton Sanders, Kellogg, Hansen, Todd, Figel, Frederick, Ivanka, Letitia James's, Michael K, Kellogg Hansen, Reid M, Clifford S, Michael Farina, Farina, Lev Radin, Troutman Pepper, Bennett S, Moskowitz, Jeffrey Epstein's, Ketan D, Bhirud, Trump's, Arthur Engoron, Jane Rosenberg, wasn't, Moskowitz —, general's, Michael Cohen, Jared Kushner, Amalija Knavs, Robert didn't, It's, Kushner Organizations: Service, Save America PAC, Commission, Business, PAC, Trump Organization, Save, Trump, Citizens, Election Defense Fund, Ivanka Trump, New York, Pacific Press, Getty, Ivanka Trump's, New, Trump's Save America PAC, Court, REUTERS, America, MAGA PAC, Republican Locations: Washington, New, New York, DC, Manhattan, New York City, U.S, Florida, Palm Beach , Florida

☆ CNBC Daily Open: U.S. jobs growth kicked off with a bang
▼ + stars: | 2024-02-05 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

A "Now Hiring" sign at an Advance Auto Parts store in San Leandro, California, US, on Tuesday, Aug. 15, 2023. This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The benchmark S&P gained 1.07%, while the Dow Jones Industrial Average added 0.4%. [Pro] Citi's top global picksCiti highlighted its list of "high-conviction" stock picks across global markets.

Persons: Stocks, Jerome Powell, Houthi Organizations: CNBC, Dow Jones, Nasdaq, McDonalds, Ford, U.S . Central Command, NBC News, U.S . Navy, Apple, Huawei, Citi Locations: San Leandro , California, U.S, Yemen, Red, China

☆ CNBC Daily Open: A scorching start for U.S. jobs growth
▼ + stars: | 2024-02-05 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. "We just want some more confidence before we take that very important step of beginning to cut interest rates," he said. Gold, silver advanceGold and silver could rise further this year on hopes that the U.S. Federal Reserve will lower interest rates, said UBS. "Also, this comes with a weaker dollar," said Joni Teves, adding gold will likely hit $2,200 per ounce in 2024.

Persons: Jerome Powell, Hong, Joni Teves Organizations: CNBC, U.S . Federal, CSI, Dow, Nasdaq, UBS, U.S, Senators, House Republicans, Citi Locations: China, U.S, Ukraine, Israel

☆ We hiked our Nvidia price target — encouraged by new highs after Goldman Sachs' bear case takedown
▼ + stars: | 2024-02-05 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +6 min

The new Goldman price target — which implies nearly 15.5% upside from Monday's — isn't even the highest on the Street. We're also raising our Club price target on Nvidia to $750 from $600. One of the lowest Nvidia price targets belongs to DA Davidson at $410 per share. NVDA 1Y mountain Nvidia's stock performance over the past 12 months. Nvidia's plan to release a new AI chip each year also adds to the sustainability of data center growth, the analysts argued.

Persons: Goldman Sachs, optimists —, — isn't, We're, Goldman, DA Davidson, Jim Cramer, TSMC, Jim Cramer's, Jim, Jensen Huang, Patrick T Organizations: Nvidia, Goldman, . Rosenblatt Securities, Microsoft, Amazon, Club, Apple, Taiwan Semiconductor Manufacturing Company, Devices, AMD, U.S, CNBC, Mobile, Fallon, Bloomberg, Getty Locations: China, American, Los Angeles

☆ NFL-Las Vegas Planning Super Bowl Supernova to Cement Status as Sports Hub
▼ + stars: | 2024-02-04 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +6 min

Already the United States' biggest sporting party, Las Vegas is promising a Super Bowl supernova around the Kansas City Chiefs and San Francisco 49ers showdown on Feb. 11. Last year's game featuring the Chiefs and Philadelphia Eagles holds the Super Bowl record for most viewers with 115 million. "The amount of events that are going on over the course of the week leading up to the Super Bowl is unlike anything we have ever seen." "We will get another Super Bowl again without question because no one throws a party like Vegas." (Reporting by Steve Keating in Las Vegas; Editing by Ken Ferris)

Persons: Steve Keating, Lombardi, Travis Kelce, Taylor Swift, Swift, Neil Armstrong, Neal Pilson, Nancy Lough, Mark Bucher’s Travis, Taylor, James Gibson, Ken Ferris Organizations: Steve Keating LAS VEGAS, NFL, Kansas City Chiefs, San Francisco 49ers, Chiefs, 49ers, Pittsburgh Steelers, New England Patriots, United States, Las Vegas, Philadelphia Eagles, Cincinnati Bengals, CBS, Pilson Communications, Reuters, Super, University of Nevada, Gronk's Beach Party, Super Bowl, National Hockey League, Golden Knights, NFL's Raiders, Major League Baseball, NBA, MLS Locations: Vegas, United States, Las Vegas, Tokyo, United, Las, Sin, University of Nevada Las Vegas, Nevada, Clark, Sin City

☆ These are the 22 best stocks to buy for up to 94% upside while AI leads markets higher, according to Goldman Sachs
▼ + stars: | 2024-02-04 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

Investors hoping for new leadership in the stock market have been sorely disappointed, as 2023's top performers have generally enjoyed encores early in the year. "The potential of AI and a burgeoning positive inflection in corporate demand for software and compute power are fueling the hyper-scalers and the facilitators of technology," Kron wrote. Economists at Goldman Sachs boosted their US GDP growth projection from 2% to 2.4% in January since consumers and the government are spending more than expected. AdvertisementA normalizing economic environment will allow the Federal Reserve to lower interest rates throughout the year, according to Goldman Sachs. 22 stocks to buy nowBesides sharing its latest market commentary, Goldman Sachs unveiled its conviction list of companies it's most confident in now.

Persons: —, Goldman Sachs, Steven Kron, Kron, Goldman Organizations: Service, Business, Nvidia, Microsoft, Meta, Goldman, Federal Reserve, Wall Street Locations: East, Russia

☆ Battle-tested bull: S&P 500 plows through obstacle course of worries to new high
▼ + stars: | 2024-02-03 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

The S & P 500' s latest run to a record high last week took it through an obstacle course of macroeconomic and company-specific hazards. Stocks are not at all cheap, with the S & P 500 at 20-times year-ahead earnings, which probably will mute multi-year returns. The median S & P 500 stock is flat year to date, is up 13% over the past three months, has gained 30% off its 52-week low and is within 8% of its 52-week high. On Friday, even as a majority of stocks fell with the S & P 500 gaining 1%, there were 175 NYSE new 52-week highs compared to 54 new lows. Here are the equal-weighted industrial and consumer-discretionary sectors compared to the equal-weight S & P 5600 since just after the bear-market low in October 2022.

Persons: Stocks, Craig Johnson, Piper Sandler, it's, Steve Deppe, Jobs, Jerome Powell, Friday's, Henry McVey, KKR's, Keith Lerner Organizations: Treasury, Wealth Management, Meta, Microsoft, Truist, Equity Locations: Meta, handicapping

☆ Mark Zuckerberg's Meta wants to burst Apple's blue bubbles: WhatsApp is coming for iMessage in the US
▼ + stars: | 2024-02-03 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

Getty ImagesThe Meta CEO reigns over an empire of social media apps that will be familiar to many Americans. Facebook bought the instant messaging app for $19 billion back in 2014, and has been able to turn it into a mega-hit across the world ever since. Such features seem to be of interest to businesses: WhatsApp's daily business users jumped 80% in the US last year, per data from Apptopia first reported by the Big Technology newsletter. 'Channels'WhatsApp is trying to offer the perks of social media without the publicity of it all. In late 2022, the Meta chief acknowledged that while there is still some time before bets on the metaverse can prove successful, "business messaging is probably going to be the next major pillar."

Persons: WhatsApp, iMessage, Mark Zuckerberg, —, Zuckerberg Organizations: Meta, Service, Apple, Bloomberg Intelligence, Facebook, Chevrolet, Samsung, Big Technology Locations: America

☆ CNBC Daily Open: Mega tech earnings grab attention
▼ + stars: | 2024-02-02 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. South Korea led gainsIn Asia, South Korea markets led gains on Friday that tracked Wall Street's rebound from the sell-off of the previous session. Amazon also gave an upbeat guidance for the first quarter as the company reported results that easily topped estimates. Gold demand soarsGeopolitical tensions and a sluggish China economy drove demand for gold to record highs in 2023, the World Gold Council reported. Total gold demand was 4,899 tons last year compared with 4,741 tons in 2022, including over-the-counter transactions and stock flows.

Persons: Jevons Global's Kingsley Jones Organizations: Facebook, New York Stock Exchange, CNBC, Dow, Nasdaq, Meta, Amazon, Apple, Gold Locations: New York City, South Korea, Asia, China

☆ CNBC Daily Open: More mega tech earnings in spotlight
▼ + stars: | 2024-02-02 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

The share price of Facebook stock is seen at the Nasdaq stock market in New York. This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Wall Street ralliesWall Street closed on a positive note Thursday. He added cutting back spending plans for electric vehicles could actually help Ford to impress Wall Street investors.

Persons: Meta, Ford, Morgan, Adam Jonas Organizations: Nasdaq, CNBC, Federal Reserve, Dow, Meta, Apple, Amazon Web Services, Ford, U.S, automakers, Wall Locations: New York, China

☆ Jim Cramer questions whether owning all our Super Six tech stocks is still necessary
▼ + stars: | 2024-02-02 | by ( Morgan Chittum | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Jim Cramer wondered Friday: Does the Club need to own all of the Super Six tech stocks? 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, We've, Mark Zuckerberg, Jim Cramer's, Jim Organizations: CNBC, Nasdaq, Apple, Meta, Facebook, Nvidia, Super

☆ Wall Street heads into the week ahead worrying the rally to record highs is running out of steam
▼ + stars: | 2024-02-02 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

Wall Street continues to climb a wall of worry even as investors deliberate how much longer equities can maintain their record run. But questions remain for investors after some major disappointments in an intense week suggested more challenges ahead. Apple dropped 3% this week after reporting lackluster earnings, weighing on the Dow Jones Industrial Average. Elsewhere in corporate earnings, regional banks as represented by the SPDR S & P Regional Banking ETF slid 7% after poor results from New York Community Bank spurred investor fears of a wider contagion. Signs of market weakness For investors, there may be more issues in the market going forward in 2024.

Persons: Stocks, Jerome Powell, Apple, Scott Rubner, Goldman Sachs, Rubner, Russell, Liz Ann Sonders, Charles Schwab, CNBC's, Sonders, Lehman, Raymond James, Josh Beck, James McCann, Abrdn, McCann, Rhys WIlliams, Williams, it's, Art Hogan, They're, Hogan, Estee, Eli Lilly, Ralph Lauren, Rowe Price, Philip Morris Organizations: Meta, Dow Jones, Regional Banking, New York Community Bank, Bank, Microsoft, Nvidia, Apple, Markets, Wayve Capital Management, Riley, Atlanta, PMI, Simon Property, Companies, Tyson Foods, Semiconductor, Caterpillar, Prudential Financial, Ford Motor, Enphase Energy, GE Healthcare Technologies, Consumer, Walt Disney Co, Wynn Resorts, PayPal, Brands, CVS Health, Hilton Worldwide, Uber Technologies, Costco Wholesale, Motorola Solutions, Expedia, Rowe Price Group, ConocoPhillips, The Hershey Co, Philip Morris International, PepsiCo Locations: China

☆ Mark Zuckerberg has had quite the week
▼ + stars: | 2024-02-02 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

In today's big story, we're recapping earnings from three tech giants: Meta, Apple, and Amazon. The big storyMeta's mega-winMark Zuckerberg is smiling: Its profit margins are much improved — and that's partly because of a shrinking headcount. Josh Edelson/AFP/Getty Images ; Isabel Fernandez-Pujol/ BIMark Zuckerberg has had quite the week. It lost $16 billion on the Metaverse in 2023, and Zuckerberg indicated more pain for years to come.) Following the success of Meta's "Year of Efficiency," Zuckerberg said that the company may never go back to large-scale hiring.

Persons: —, Phil doesn't, Zuck, Mark Zuckerberg, Josh Edelson, Isabel Fernandez, Sarah Jackson, Meta, Zuckerberg, BI's Peter Kafka, Peter, Richard Drew, Wall Street's, Rufus, BI's Eugene Kim, Amazon, Aaron Schwartz, Diem, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb Organizations: Service, Apple, Business, Getty, Pujol, Meta, Amazon, Xinhua, Microsoft, Chevron Corporation, ExxonMobil, Cigna Locations: AFP, China, New York, London

☆ Wall Street is watching for a $10 billion domestic box office in 2026. Disney could get it there
▼ + stars: | 2024-02-02 | by ( Sarah Whitten | ) www.cnbc.com time to read: +5 min

While 2024 and 2025 boast franchise-rich movie slates, Wall Street doesn't expect ticket sales to top $10 billion domestically until 2026. The domestic box office has not hit that benchmark since 2019 before the Covid pandemic. When the box office does again surpass that threshold, Disney could be the driving force. After all, the first Avatar generated nearly $800 million at the domestic box office after its release in 2009. Therefore, where industry experts see gaps between major tent poles, there could be smaller-budgeted films that add incremental value to the overall box office.

Persons: it'll, Eric Handler, Roth, snared, Handler, Shawn Robbins, Robbins, Bob Iger, It's, Jonathan Majors, Taylor, it's Organizations: ANGELES, Star Wars, Disney, Marvel, Pixar, Disney Animation, Universal, Paramount, Warner Bros, Hollywood, Angel, AMC, Comcast, CNBC Locations: U.S, Canada, NBCUniversal

Elsewhere, Bank of America raised its price target on Nvidia, calling for more than 25% upside. 7:07 a.m.: Deutsche Bank deals latest blow to regional bank after earnings disappoint Deutsche Bank joined the post-earnings dogpile on New York Community Bank . Analyst Bernard von-Gizycki downgraded the regional bank to hold from buy and slashed to price target to $7 from $15. Analyst Alicia Yap upgraded the consumer internet stock to buy from neutral and raised her price target by $6 to $50. — Alex Harring 5:45 a.m.: Bank of America hikes Nvidia price target Don't expect Nvidia to lose momentum anytime soon, according to Bank of America.

Persons: Goldman Sachs, Bernard von, Gizycki, — Alex Harring, There's, Alicia Yap, Sea's, Shopee, Alex Harring, what's, Tim Cook, Brandon Nispel, AAPL's, AAPL, Morgan Stanley, Erik Woodring, we're, Tim Long, Piper Sandler, Harsh Kumar, Meta, Ross Sandler, Benjamin Black, Mark Kelley, Bernstein, Mark Shmulik, LSEG, Rufus, Eric Sheridan, Brian Nowak, outsized, Brad Erickson, Vivek Arya, Fred Imbert Organizations: CNBC, Apple, Bank of America, Nvidia, Deutsche Bank, New York Community Bank, von, Investors, Traders, Citi, Nasdaq, Conference, Barclays, Vision, Meta, Wall Street, Amazon, RBC Capital, Enterprise, SAP, VMWare, Dell Locations: Wall, New, Thursday's, Friday's premarket, China, genAI, CY25

☆ Tech's longtime highfliers are growing up by getting smaller
▼ + stars: | 2024-02-02 | by ( Ari Levy | ) www.cnbc.com time to read: +7 min

They're still out hunting for the best technical talent, particularly in areas like artificial intelligence, but headcount growth is measured. Last year, tech companies were responding to dramatically changing market conditions — soaring inflation, rising interest rates, rotation out of risk — after an extended bull market. Meta slashed over 20,000 jobs in 2023, Amazon laid off more than 27,000 people, And Alphabet cut over 12,000 positions. Other than Nvidia , which had a banner 2023 due to soaring demand for its AI chips, none of the other mega-cap tech companies have been growing at their historic averages. By late this year, analysts are projecting growth at Meta will be back down to the low teens at best.

Persons: Tayfun, There's, Daniel Flax, Neuberger Berman, CNBC's, Morgan Stanley, Brian Nowak, Brian Olsavsky, They're, Mark Zuckerberg, Zuckerberg, Olsavsky, Phil Spencer, Justin Sullivan, Okta, Zuora, Evan Sohn, Recruiter.com, " Sohn, Susan Li, Ben Barringer, Cheviot, Barringer, —, Annie Palmer Organizations: Anadolu Agency, Getty Images Technology, Amazon, Meta, hasn't, Microsoft, Activision Blizzard, SAN FRANCISCO, Activision, FTC, Getty, Federal, Labor Department's Bureau of Labor Statistics, Tech, Nvidia, Finance, CNBC Locations: Menlo Park , California, Silicon Valley, CALIFORNIA, San Francisco , California

☆ Apple is losing momentum ahead of earnings, reducing chances of a breakout, according to the charts
▼ + stars: | 2024-02-01 | by ( David Keller | ) www.cnbc.com time to read: +4 min

Of the mega-cap growth stocks, Apple (AAPL) has certainly been a bit of a technical outlier in recent months. That downtrend in Q2 began with a gap below the 50-day moving average in early August and continued with a number of failed attempts to regain that 50-day moving average on the way down. Chart suggests exhaustion Over the last three months, Apple has basically bounced back and forth between retests of the July high of around $198 and the 200-day moving average. This bearish momentum divergence suggests exhaustion of upside momentum and leaves me skeptical of further upside here. Key levels to watch include the 200-day moving average around $182, as well as the January swing low around $180.

Persons: AAPL, I'm, we've, it's, David Keller Organizations: Apple, Nvidia, Meta, David Keller https

☆ Robert F. Kennedy Jr. explains why his official campaign TikTok left a heart eyes emoji comment on an OnlyFans model's video in 2022
▼ + stars: | 2024-02-01 | by ( Taylor Berman | ) www.businessinsider.com time to read: +2 min

An X user posted a video showing RFK Jr.'s TikTok had commented on OnlyFans model's TikTok account. AdvertisementOn Wednesday, an X user by the name of Johnny Maga shared a video showing that the official TikTok account of presidential candidate Robert Kennedy Jr. had posted a comment of "Wow [heart eyes emoji] [heart eyes emoji]" on a TikTok video of an OnlyFans model in 2022. "The TikTok comment in question was made in 2022 long before I ever had a TikTok account. This comment now appears on my account because the account was previously owned by one of the campaign's young social media managers." "When I announced my run for the presidency in April of 2023 the team wanted it broadcasted on every social media platform, including TikTok," Kennedy wrote.

Persons: TikTok, OnlyFans, RFK Jr, —, Johnny Maga, Robert Kennedy Jr, Kennedy, Congrats, Cheryl Hines Organizations: RFK, Service

☆ These are the best-performing stocks since the market low back in October. Where analysts see them going
▼ + stars: | 2024-02-01 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Stocks as a whole have rallied off the October low — but some have seen more outsized gains than others. The S & P 500 recently climbed nearly 20% to fresh all-time highs from its low point on Oct. 27, 2023. AMD took a leg down on Wednesday after the company offered lighter guidance for current-quarter revenue than analysts had estimated. More than three out of every four analysts on Wall Street surveyed by FactSet have a buy rating onJensen Huang's Nvidia. BBWI 1Y mountain Bath & Body Works over the last year Analysts anticipate a rangebound period ahead for the stock.

Persons: they've, Goldman Sachs, Hari, Cantor Fitzgerald, C.J, Muse Organizations: CNBC Pro, Wall, Nvidia, Devices, AMD, FactSet, Body

☆ Meta to report fourth-quarter earnings after the bell
▼ + stars: | 2024-02-01 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +3 min

Meta will report fourth-quarter earnings after the bell on Thursday. In Alphabet 's earnings report on Tuesday, the company said Google ad revenue increased 11% from a year earlier, slower expansion than analysts were expecting. Meta finance chief Susan Li most recently highlighted the significance of business from China in the company's third-quarter earnings report in October. Analysts expect Reality Labs to show revenue of $762.8 million for the quarter and an operating loss of $4.26 billion, according to StreetAccount. Apple and Amazon are also slated to report fourth-quarter results on Thursday, wrapping up earnings season for tech's mega-cap companies.

Persons: Mark Zuckerberg, Meta, Susan Li, Li, Zuckerberg Organizations: U.S, Capitol, LSEG, StreetAccount, Google, Facebook, Meta, Wednesday, Labs, Apple Locations: Washington , U.S, China

☆ Wednesday, Jan. 31, 2024: The Club wants to see a pullback before adding to this mega-cap holding
▼ + stars: | 2024-01-31 | by ( ) www.cnbc.com time to read: 1 min

Wednesday, Jan. 31, 2024: The Club wants to see a pullback before adding to this mega-cap holdingJim and Jeff discuss why they raised the price target on this mega cap tech stock. They also talk about the slide in this mega cap stock after posting earnings. Finally, they discuss this restaurant stocks earnings.

Persons: Jim, Jeff

☆ Here's the magnitude of AI's effect on Microsoft's bottom line and what it means for the stock
▼ + stars: | 2024-01-31 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Microsoft seemed to pass Wall Street's latest test when it demonstrated its ability to monetize artificial intelligence. The action came a day after Microsoft issued light guidance but delivered a top-and-bottom line beat and strong AI-focused commentary. Wall Street analysts across the board regarded Microsoft's results as an affirmation of its AI leadership position. Piper Sandler's Brent Bracelin said in a Tuesday note that the results "reinforced Microsoft's first-mover advantage in AI applications." Meanwhile, Goldman Sachs analyst Kash Rangan called the company one of the "most compelling" opportunities across sectors, viewing AI as a major boon for an "already strong growth profile."

Persons: Brent Thill, Satya Nadella, Amy Hood, Morgan Stanley's Keith Weiss, Piper Sandler's Brent Bracelin, Goldman Sachs, Kash Rangan, Mark Murphy, — CNBC's Michael Bloom Organizations: Microsoft, Barclays, Raimo, Wall Street

☆ I sailed on Royal Caribbean's wildly hyped Icon of the Seas — see what it's like traveling on the world's largest cruise ship that can carry nearly 10,000 people
▼ + stars: | 2024-01-31 | by ( Brittany Chang | ) www.businessinsider.com time to read: +1 min

Royal Caribbean's Icon of the Seas set sail from Miami on its first official cruise this month. The world's largest cruise ship has over 40 restaurants and bars, seven pools, and a water park. AdvertisementIntroverts, look away: Royal Caribbean's Icon of the Seas , the world's largest cruise ship, set sail on January 27, marking a new era in the mega-cruise-ship boom. The start of Icon's service has been a long time coming for the cruise brand and fans of massive ships. A year later, the cruise line saw its largest booking day as reservations opened for the Icon of the Seas in October 2022.

Persons: —, Finland's Meyer Organizations: Service, Royal, Business Locations: Miami, Royal Caribbean, Finland's Meyer Turku

☆ Bank of America analyzed more than 1,000 stocks for 2024 and pinpointed the top 31 small- and mid-cap picks with average upside of 30%
▼ + stars: | 2024-01-31 | by ( Laila Maidan | ) www.businessinsider.com time to read: +1 min

Wall Street doesn't expect the stock market to perform very well this year. Investors should look for value and find specific winners in 2024 rather than bet on the entire market. Bank of America found stocks that should benefit from Fed rate cuts and expand their margins. Then again, the broader stock market isn't expected to do much better either. Mid-caps trail closely behind at a 5% to 6% discount, but small-caps trade at a tantalizing 16% discount.

Persons: Dave Sekara Organizations: Bank of America, Morningstar, Business

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