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In the early 1870s, an émigré painter watched from a railway footbridge as a steam engine left a station on London’s suburban fringe. His name was Camille Pissarro and he was developing a style of plein-air painting that would soon be called “Impressionism.”Pissarro and a fellow émigré, Claude Monet, only stayed in London for a few months. By April 1874 they were among the painters holding the first Impressionist exhibition in Paris, the subject of a retrospective that runs until July 14 at the Musée d’Orsay and opens on Sept. 8 at the National Gallery of Art in Washington D.C. But London was one of their early muses. Monet painted the River Thames and the Palace of Westminster, among other central landmarks, while Pissarro captured scenes in suburbs where houses and train tracks were replacing forests and farmland.
Persons: Camille Pissarro, ” Pissarro, Claude Monet, Monet, Pissarro Organizations: National Gallery of Art, London Locations: London, Paris, Washington, Westminster
We're seeing Tesla's comeback playout, says Wedbush's Dan Ives
  + stars: | 2024-06-28 | 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 EmailWe're seeing Tesla's comeback playout, says Wedbush's Dan IvesHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Wedbush's Dan Ives, Brian Sullivan, Organizations: CNBC
Rivian stock surged 37% after it secured a $5 billion deal with Volkswagen. The companies will form a joint-venture to develop next-gen vehicle software and electrical architecture. AdvertisementRivian stock soared 37% on Wednesday after it struck a $5 billion deal with Volkswagen. The two companies will form a joint-venture to collaborate on next-generation vehicle software and electrical architecture, which will be utilized in cars from both brands. As part of the deal, Volkswagen will invest an initial $1 billion in Rivian via a convertible note that will convert into Rivian stock later this year, assuming the companies receive regulatory approval for the deal.
Persons: , RJ Scaringe, Dan Ives, Ives Organizations: Volkswagen, Service, JV, Volkswagen Group's, Rivian Locations: Rivian
For much of my childhood in the Berkshires region of western Massachusetts, I didn’t give a hoot about the Housatonic River. Notions of Edenic riverbanks came from my mom reading “The Wind in the Willows” out loud after dinner — not from encounters with the actual river that flowed 330 yards from our front door. An arched bridge over it, which I crossed on my walk to high school, marked the transition from home to the stresses of my teenage years. I learned, too, that reaches of the river acclaimed by Melville, Ives and Longfellow were laden with PCBs, an industrial pollutant. Tourists, taking their cue from locals, have only rarely ventured down to the Housatonic’s banks.
Persons: Melville, Ives, Longfellow Locations: Massachusetts, Housatonic
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple's market cap to hit $4 trillion next year, says Wedbush's Dan IvesDan Ives, Wedbush Securities managing director, joins 'Power Lunch' to discuss Apple as the company revs its AI strategy.
Persons: Wedbush's Dan Ives Dan Ives Organizations: Wedbush Securities, Apple
An Israeli strike killed a top official in charge of ambulance services in the Gaza Strip, local health officials said on Monday, as the Israeli defense minister met with top American officials in Washington about a possible new phase in the Israeli offensive. The official, Hani al-Jafarawi, who was the director of ambulance and emergency services in Gaza, was killed in a strike on a health clinic in Gaza City, the Gazan Health Ministry said. The Israeli military did not respond to a request for comment. The meetings in the Washington area by Israel’s defense minister, Yoav Gallant, with the C.I.A. director, William J. Burns, and Secretary of State Antony J. Blinken on Monday coincided with a potential shift in the military campaign signaled by Israeli officials in recent days.
Persons: Hani al, Muhammad Salah, Israel’s pulverizing, Yoav Gallant, William J, Burns, Antony J, Blinken, Benjamin Netanyahu, , Organizations: Gazan Health Ministry, Hamas, Health Ministry Locations: Gaza, Washington, Gaza City, Israel
AdvertisementHowever, Nvidia's run faces one big risk: it depends on the generative AI boom lasting. Though tech giants, including Apple, Google, Meta, and Microsoft, now appear to have made generative AI their priority, there appears to be awareness of the technology's weaknesses. Google, for instance, was forced to apologize earlier this year after its generative AI image generator created historically incorrect images in response to user requests. For now, though, the industry seems intent on moving ahead with LLM-enabled generative AI. That should keep Nvidia in the race with Microsoft and Apple to a $4 trillion valuation.
Persons: , Jensen Huang, they've, Dan Ives, Huang, Tim Cook, Yann LeCun Organizations: Service, Nvidia, Microsoft, Apple, Business, Meta, Google, Blackwell, Apple Intelligence, Financial Locations: Taipei
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla is the most undervalued AI play in the market, says Wedbush's Dan IvesHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Tesla, Wedbush's Dan Ives, Brian Sullivan, Organizations: CNBC
How to position in the tech rally
  + stars: | 2024-06-17 | 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 EmailHow to position in the tech rallyDan Ives, Wedbush Securities managing director of equity research, joins 'Squawk on the Street' to discuss his thoughts on the tech story, tech's biggest threat to growth, and much more.
Persons: Dan Ives Organizations: Wedbush Securities
Microsoft stock is set to hit $550 on AI monetization opportunities, Wedbush Securities said. Client checks revealed growing bullishness towards Microsoft's AI Copilot software. AdvertisementArtificial intelligence deal conversions are accelerating, priming shares of Microsoft to reach even higher records, Wedbush Securities said. Behind the call were increasingly bullish customer checks, Wedbush Securities said, driven by "a tidal wave of Copilot and Azure monetization now on the doorstep for MSFT." Growth in Azure, Microsoft's cloud platform, has boomed in recent quarters, and could be a bridge into more AI spending, Ives wrote.
Persons: , Redmond, Dan Ives, Ives, Wedbush Organizations: Microsoft, Wedbush Securities, Service, Nadella, Oracle, IBM, Nvidia, Apple
For the week: The tech-heavy Nasdaq gained 3.2%, while the S & P 500 rose 1.6% and the Dow fell 0.5%. The analysts raised their price target to $106 per share from $85. There were several price target bumps on Micron ahead of earnings next week on June 26. Nike price target was lowered to $114 per share from $116 at Morgan Stanley. Citigroup price target was increased to $66 per share from $63 by RBC Capital.
Persons: Wedbush's Ives, Toll, Goldman Sachs, Morgan Stanley, Jim Cramer's, Jim Cramer, Jim Organizations: Nasdaq, Dow, Fed, Citi, UBS, Microsoft PT, Microsoft, Apple, Union Pacific, Loop, Autodesk, Wall Street, Micron, Bank of America, PT, Nike, Citigroup, RBC Capital, Jim Cramer's Charitable, CNBC, Dow Nasdaq, Microsoft Apple, Union Pacific Activist Investor, Micron Nike Citigroup
The change did not mean a cessation of fighting in the southern Gaza Strip, that statement said, adding that the campaign in the southernmost city of Rafah was continuing. The whipsaw statements appeared to reflect the competing pressures facing Mr. Netanyahu, as he juggles demands from the Biden administration and elsewhere around the globe with those of his own hawkish government. But Mr. Netanyahu insinuated that he did not learn of the plans until Sunday morning. Image Children waiting for food in Khan Younis, southern Gaza Strip, on Saturday. Credit... Haitham Imad/EPA, via Shutterstock“It’s classic Bibi,” said Amos Harel, the military affairs analyst for the left-leaning Haaretz newspaper, referring to Mr. Netanyahu by his nickname.
Persons: Benjamin Netanyahu, Netanyahu, Biden, , Khan Younis, Haitham Imad, Bibi, , Amos Harel, ” Mr, Harel, Shani Sasson, Ms, Sasson, , Eid, Omar Al, Yoav Gallant, Gadi, Benny Gantz, Mr, Eisenkot, Netanyahu’s, Itamar Ben, Gvir, Ben, Waseem Mahmoud, Amir Levy, Bezalel Smotrich, Gabby Sobelman Organizations: Military, ., , Mr, Cogat, United Nations Security Council, Agence France, International Criminal, Israel’s, Hamas Locations: Gaza, Rafah, Khan, Israel, Gaza City, The Hague, Egypt, Beit Jann
CNBC Daily Open: Nasdaq record, Tesla future value?
  + stars: | 2024-06-17 | by ( Abid Ali | ) www.cnbc.com   time to read: +3 min
Alain Jocard | AFP | Getty ImagesThis 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. This valuation, however, wouldn't be based on Tesla's success as an electric vehicle manufacturer, but rather as a robotics company. While Musk didn't provide a specific timeframe for this claim, he also suggested Tesla could reach a $5 trillion to $7 trillion valuation as a robotaxi company. In 2020, Tesla's worth even surpassed the combined value of Toyota, Volkswagen, Hyundai, GM, Ford and BMW.
Persons: Elon Musk, Porte, Alain Jocard, Elon, Tesla, Cathie Wood, Wood, CNBC's, Dan Ives, Chris Ailman, Ailman, CNBC's Michael Santoli, Jeff Cox, Michael Santoli, Jordan Novet, Katie Bartlett, Pia Singh, Riley de León, Spencer Kimball, Lisa Kailai Han, Brian Evans Organizations: SpaceX, Twitter, Porte de, AFP, Getty, CNBC, Toyota, Volkswagen, Hyundai, GM, Ford, BMW, California State Teachers, Nvidia, & $ Locations: Paris, Tesla
Tesla's shareholders approved Elon Musk's $55 billion pay package and the company's move to Texas. Wedbush analyst Dan Ives called the result a "pop the champagne moment" for Tesla investors. AdvertisementAt least one analyst is extremely optimistic about how Tesla's shareholders voted. Wedbush Securities analyst Dan Ives called Tesla chief Elon Musk's victory a "pop the champagne moment" for investors in a note on Thursday. The Tesla vote focused on two main issues: the company's move from Delaware to Texas, and approval of Musk's $55 billion pay package, which was largely seen as a referendum on his leadership.
Persons: Dan Ives, Ives, , Elon Musk's Organizations: Elon Musk's, Service, Wedbush Securities, Tesla, EV, Business Locations: Texas, Delaware
Elon Musk's pay package approval removes a burden on Tesla's stock, Wedbush Securities said. AdvertisementTesla shares are on track to race higher with the firm's pay package dispute finally out of the way, Wedbush Securities wrote. With CEO Elon Musk approved to receive his $46 billion compensation package, the stock is at last unshackled from the uncertainty surrounding the compensation sage. "Tesla is Musk and Musk is Tesla....shareholders spoke loudly today." Tesla's robotaxi day in early August is the next potential catalyst for the stock, Ives.
Persons: Elon, Tesla, Dan Ives, , Elon Musk, Musk, Ives, he's, Tesla's Organizations: Wedbush Securities, Service, didn't, Tesla Locations: Delaware
Tesla stock surged 7% after Elon Musk's pay package neared approval. Elon Musk's compensation package is worth $46 billion based on Tesla's current stock price. Dealbook reported that Vanguard and BlackRock voted in favor of Musk's package. Wedbush analyst Dan Ives said the apparent shareholder approval of Musk's compensation package should remove an overhang on Tesla's stock price. Ives Rates Tesla stock at "Outperform" with a $275 price target, representing potential upside of 45% from current levels.
Persons: Elon Musk's, Elon, Dealbook, , Musk, Deleware, Dan Ives, Ives Organizations: Elon, Vanguard, BlackRock, Service, Tesla, New York Times, titans, Ives Locations: Texas, Delaware
It's always sunny at Business Insider when "Welcome to Wrexham" star Rob McElhenney is around. In today's big story, we're looking at the drama between Tesla shareholders over Elon Musk's bumper pay package that gets decided on today . As funny as that sounds, the battle over Elon Musk's pay package is no joke. One longtime Tesla investor said the EV maker is " kind of the bottom of the pecking pole of Elon's companies ." Vote here on if you're for or against Musk's pay package .
Persons: , Rob McElhenney, Elon, Apu Gomes, Chelsea Jia Feng, Insider's Grace Kay, they're, he's, Brooks Kraft, Musk, it's, Gwynne Shotwell, Somodevilla, Blackstone, Dan Ives, Araya Doheny, Patrick Fallon, Jenny Chang, Rodriguez, Henrik, Fisker, VCs, that's, whittle, Mark Zuckerberg, de Haro, Gen Zers, Mike Verdu, Slack, Brad Smith, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Elon, Getty, Retail, Brooks Kraft LLC, Nvidia, Tesla, Wall, SpaceX, Federal Reserve, Big Apple, Apple, Microsoft, BI, Adobe Locations: Wrexham, Delaware, Tesla, Manhattan, New York, London
Goetz Alebrand, head of ocean freight at DHL Global Forwarding Americas, said he is not optimistic freight rates will decline anytime soon. "It is unlikely that the situation will resolve itself soon and [ocean freight] rate levels might not ease up before Chinese New Year," Alebrand said. Air freight prices and demand are going higher According to freight intelligence firm Xeneta, China to North America air freight spot rates increased 43%, to $4.88 per kilogram, year-on-year in May. According to ocean freight data from FreightWaves SONAR, container bookings and freight orders from shippers to the ocean carriers are down 48% month-over-month. Xeneta data tracking ocean freight rates from the Far East to the U.S. East Coast, West Coast and Gulf Coast ports shows the historic run.
Persons: Joe Giddens, Paul Brashier, Brashier, Goetz Alebrand, Alebrand, Alan Murphy, Murphy, Peter Boockvar, Boockvar, We've, Nate Herman, Xeneta, Daniel Ives, Niall van de, van de, Good Hope Organizations: Federal Reserve, CNBC, ITS Logistics, DHL Global, Intelligence, Defense Intelligence, U.S ., Bleakley Financial, American Apparel and Footwear Association, Global, ", Apple, Wedbush Securities, Trade, Good Locations: Asia, Europe, Sea, Red, Africa, Shanghai, Rotterdam, Genoa, U.S . West Coast, East Coast, U.S, China, North America, U.S . East Coast , West Coast, Gulf Coast
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Dan Ives and Ross Gerber on Tesla and Elon Musk's pay packageHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Dan Ives, Ross Gerber, Brian Sullivan, Organizations: Tesla, Elon, CNBC
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla will eventually be a market cap 'north of $1 trillion' every year, says Wedbush's Dan IvesHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Wedbush's Dan Ives, Brian Sullivan, Organizations: CNBC
Wall Street was definitely impressed by Apple's WWDC event on Monday. Analysts predict AI features will drive significant upgrade cycles for the iPhone 16 and iPhone 17. Here's what Wall Street is saying about Apple's WWDC event. Citi: 'Best WWDC ever'"We believe Apple's WWDC was the best WWDC conference in a long time as it introduced 'AI for the rest of the people," analysts at Citi said. Chatterjee echoed Citi's thoughts that the AI features should drive a massive upgrade cycle for the iPhone over the next two years.
Persons: Apple's, Siri, , Goldman Sachs, We're, Michael Ng, WWDC, Atif Malik, Samik Chatterjee, Chatterjee, Dan Ives, Ives Organizations: Service, Apple, Citi, Goldman, JPMorgan, Apple Intelligence, Cook
US stocks started the week with gains as the S&P 500 and Nasdaq hit record highs. The all-time highs come ahead of the May inflation report and the Fed's two-day FOMC Meeting. AdvertisementUS stocks climbed to kick the week, with the S&P 500 and Nasdaq 100 closing at record highs. Earlier that day, investors will digest the May consumer price index report, which will set the tone for markets as investors head into the summer months. Economists expect Core CPI to have risen 0.3% month over month last month.
Persons: , Morningstar, Dave Sekera, Jerome Powell, Sekera, Dan Ives, Ives Organizations: Nasdaq, Apple, Service, Federal Reserve, CPI, Here's
Ms. Abu Amr finally arrived home with her son hours later, shocked that she was still alive. To rescue the hostages, Israeli troops entered two residential buildings in which they were being held, according to Rear Adm. Daniel Hagari, the Israeli military spokesman. The medical facility — already packed before the Israeli rescue mission in nearby Nuseirat — overflowed, said Abdelkarim al-Harazin, 28, a physician working there. Gathering her children, she sprinted to the nearby Al-Awda medical center in a desperate search for safety. Gazans there were cursing not just Israel, but Hamas as well, he said, blaming them for bringing this disaster upon them.
Persons: Gazans, Bayan Abu Amr, Mohammad, , Abu Amr, Daniel Hagari, Admiral Hagari, Khalil Daqran, Abdelkarim, Aqsa, Javed Ali, Diana Abu Shaban, Saeed, , Ms, Abu Shaban, Abd Al, Rahman Basem al, Masri, he’d, ” Mr Organizations: Hamas, , Aqsa Martyrs Hospital, International Medical Corps Locations: Nuseirat, Gaza, Al, Aqsa, Deir al, Deir, Israel
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThis will be an AI-driven super cycle for Apple, says Wedbush's Dan IvesDan Ives, Wedbush Securities managing director of equity research, joins 'Closing Bell' to discuss his takeaways from Apple's WWDC event.
Persons: Wedbush's Dan Ives Dan Ives Organizations: Apple, Wedbush Securities Locations: Apple's
Here’s a closer look at what to expect at Apple’s big event:AI, AI and more AIApple is expected to call its AI initiative “Apple Intelligence” and make it opt-in only. A strategic partnershipIn the spring, Apple was reportedly discussing partnership opportunities with both OpenAI and Google to power its AI tools. That partnership Apple could elaborate on during the opening keynote on Monday. Apple aligning itself with a company and a technology that have yet to win public trust could pose some risks for Apple down the line. Generative AI could potentially propel the headset into another level of personalization and immersion and usher in new use cases for businesses, particularly in the education and medical spaces.
Persons: OpenAI, , Tim Cook, Dan Ives, Here’s, , Siri, ” Thomas Husson, Forrester, Reece Hayden, Apple, ” Hayden, Hayden Organizations: California CNN, Developers Conference, Nvidia, ” Apple, Apple, Apple Intelligence, Bloomberg, CNN, ABI Research, Google, Fortune, Apple Vision, Gartner Locations: Cupertino, California, China, Washington
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