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Stocks like Nvidia and Apple have more room to run this summer, according to Wall Street analysts. They include: Broadcom , Uber, Apple, Datadog and Nvidia. Reitzes called Broadcom a "must-own" AI stock even as competition remains fierce from companies like Nvidia. We see Nvidia as one of the most attractive secular growth stories in large-cap semis." ... .Broadcom is one of the must-own AI stocks due to its leadership as a fabless semiconductor provider across many categories.
Persons: Ben Reitzes, Reitzes, Hock Tan, Tan, Koji Ikeda, Datadog, Ikeda, Oppenheimer, Jason Helfstein, Helfstein, Wells Fargo, Goldman Sachs, DDOG, Uber Organizations: Nvidia, Apple, Wall Street, Nasdaq, CNBC, Broadcom, Uber, Broadcom Melius, VMware, Bank of America, Melius Research, Retail Locations: AVGO
Emerging markets investors have had a bumpy week after surprising election results seem to have caught at least some traders off guard. Between now and Nov. 5 are almost all negative potential risks in Mexico," Joshi added. Elsewhere in the world There are other lingering political issues that could affect emerging market investing. And for investors in broad emerging markets funds, even positive developments in some of these countries can be overshadowed by what happens in China. "It's a very large weight so it's going to drive the emerging market index quite a bit.
Persons: Narendra Modi, Modi, Aastha Gudwani, Angus Shillington, Shillington, Adam Turnquist, We've, Turnquist, Claudia Sheinbaum, Andres Manual Lopez, Morgan Stanley's Nikolaj Lippmann, Arif Joshi, Joshi, Sheinbaum, Lopez, Claudia, Polina Kurdyavko, Javier Milei, Alejandra Grindal, Ned Davis, Grindal, — CNBC's Michael Bloom Organizations: Indian, Bank of America India, CNBC, LPL, Lazard Asset, RBC Global Asset Management, Ned, Ned Davis Research, Federal Reserve Locations: India, Mexico, South Asia, VanEck, U.S, Morena, South Africa, Argentina, China
European chip stock ASML "is almost in a quasi-monopoly position" to drive developments in artificial intelligence over the next decade, according to fund manager Marcus Morris-Eyton. Its customers include TSMC , which makes the AI chips designed by Nvidia , AMD and Intel , as well as Samsung and SK Hynix . Shares fell by 7% on the day as the company provided what analysts labeled "soft" guidance for the current quarter. Earlier this week, the company opened a test laboratory for its next-generation lithography equipment with Belgium chip research firm Imec. "Ultimately, if you need AI, if you need [electric vehicles], if you need data centers, you need more chips," Morris-Eyton added.
Persons: Marcus Morris, that's, ASML, It's, Francois, Xavier Bouvignies, Tammy Qiu, Didier Scemama, Marie Ganneval, Eyton, Morris Organizations: Nvidia, AMD, Intel, Samsung, SK Hynix, U.S, Infineon, BE Semiconductor, Wall Street, UBS, of America, AllianceBernstein's, ASML, CNBC Locations: United States, TSMC, Belgium, Veldhoven, Netherlands, ASML
Microsoft’s AI deal under federal investigation
  + stars: | 2024-06-06 | by ( Brian Fung | ) edition.cnn.com   time to read: +3 min
Any investigations would focus on whether the companies have used their dominant positions in the AI industry to harm competition. Microsoft, Inflection and Google didn’t immediately respond to a request for comment; Nvidia and OpenAI declined to comment. For years, technology critics and regulators have worried that major tech companies may be monopolizing entire sectors of the economy. One way for tech giants to wield anticompetitive influence in the AI sector, critics say, is through exclusive partnerships with AI startups. Those types of deals, including Microsoft’s relationship with OpenAI, is the subject of an ongoing study by the FTC announced in January.
Persons: OpenAI, Inflection’s, Google didn’t Organizations: Washington CNN, Federal Trade Commission, FTC, Justice Department, Microsoft, Google, Nvidia, CNN, of Justice, , European Union, Apple, Meta Locations: United States
Gerstbacher, a 50-year-old based in San Francisco, was "really unhappy" at work, he told Business Insider via email. First, he's an "older dad," and he wanted to maximize the time he could spend with his three-year-old son. "I felt that I should take the quality time now since I'll be 70 when my son graduates from high school," he said. However, the decline in working men is also due to some positive developments, like the growth of women in the workforce. AdvertisementEven though he's in the process of returning to the workforce, Gerstbacher said he's continued to prioritize spending time with his son.
Persons: , Francisco Gen Xer, Randy Gerstbacher, Gerstbacher, He's, they've, hasn't, he'd, he's Organizations: Service, Business, CDC, Bureau of Labor Statistics Locations: San Francisco
Read previewA US supersonic bomber joined South Korea's Air Force for a live-fire training exercise, conducting runs with 500-pound bombs. The bomber, along with the South Korean military aircraft, "successfully released live GBU-38, 500-pound joint direct attack munitions, simultaneously striking multiple simulated targets." U.S. Air Force B-1B Lancer from the 37th Expeditionary Bomb Squadron receives a bird bath at Andersen Air Force Base, Guam, June 3, 2024, in support of a Bomber Task Force mission. At that time, North Korean weapons testing and provocations prompted US and South Korean forces to regularly fly in the area, conducting training exercises to deter North Korea. A year earlier, North Korea twice tested a nuclear weapon, and then it did so again in 2017.
Persons: , 17uKEhOJTG, H8KoOFOKks, Guy Plopsky, Christian Hoover, Audree Campbell, Donald Trump, PACOM, 1Bs Organizations: Service, South Korea's Air Force, Business, US Air Force, 37th Expeditionary Bomb, Anderson Air Force Base, South, South Korean, ROK, US Marine Corps, KC, 7th Air Force, . Air Force, 37th Expeditionary Bomb Squadron, Andersen Air Force Base, Bomber Task Force, North, US Pacific Command, US, Korean, Lancer Locations: Guam, Republic of Korea, South Korea, North Korea, South Korean, Korean, Japan, South
The two aviation powerhouses recently joined forces to reimagine the future of airplane TV and movie-viewing, via a swanky concept called MAYA. MAYA, which stands for “Most Advanced Yet Achievable,” is an ergonomic business class seat that comes equipped with an Astrova Curve 45-inch ultra-wide, ultra-high-definition OLED display. Collins Aerospace/Panasonic AvionicsThe screen syncs up with passengers’ personal devices, offering an impressive headphone-less audio system. Collins Aerospace/Panasonic AvionicsNot only is MAYA’s curved screen three times larger than classic business class seat options, Panasonic also envisages the seat offering an Ultra-Widescreen CinemaScope (21:9) display – a screen format more commonly found in cinemas. With that in mind, Masson calls the screen the “cinematic centerpiece” of MAYA’s design, but stresses the screen’s not only designed for movies.
Persons: you’ve, Andrew Masson, ” Collins, Masson, , Organizations: CNN, Collins Aerospace, Panasonic, Panasonic Avionics, Aircraft Interiors, AIX, CNN Travel Locations: Hamburg, Germany
CNN —A cyberattack on a contractor to England’s National Health Service has forced several major hospitals in London to cancel operations, blood tests and appointments and send patients elsewhere. King’s College Hospital, Guy’s and St Thomas’ have all been affected, as have numerous primary care providers in the UK capital, a spokesperson for the National Health Service (NHS) said Tuesday. The hospitals and providers affected are all partnered with Synnovis, a company that provides lab services to the NHS. Mark Dollar, the CEO of Synnovis, said the company was “incredibly sorry for the inconvenience and upset this is causing to patients, service users and anyone else affected. We are doing our best to minimize the impact and will stay in touch with local NHS services to keep people up to date with developments.”
Persons: Thomas ’, Oliver Dowson, Thomas ’ –, , , Vanessa Welham, Ciaran Martin, ” Martin, Mark Dollar Organizations: CNN, National Health Service, King’s College Hospital, Synnovis, NHS, Royal, Guy’s, Gracefield, Cyber Security, Cyber Operations Locations: London, Guy’s, Royal Brompton, Streatham
Cannon is planning on holding a sprawling hearing on Trump’s request to declare Jack Smith’s appointment as special counsel invalid, signaling she could be more willing than any other trial judge to veto the special prosecutor’s authority. Wednesday, Cannon went further, adding a hearing on a gag order request from prosecutors to limit Trump’s rhetoric about law enforcement and allotting more time to hear arguments on the special counsel issue. Cannon’s signal of willingness to entertain challenges to the special counsel comes in the same week Republicans are bearing down on Attorney General Merrick Garland for his use of special counsels. A third group says the Department of Justice’s use of a special counsel should be upheld. Cannon still agreed to the hearing Trump wanted.
Persons: Aileen Cannon, Donald Trump’s, Cannon, Jack Smith’s, It’s, , Trump, Evan Corcoran, Hunter, didn’t, Paul Manafort’s, Robert Mueller’s, Andrew Miller, Roger Stone, General Merrick Garland, David Weiss, Hunter Biden, – Cannon, ” Bradley Moss, Edwin Meese, Michael Mukasey, Meese, Mukasey, Organizations: CNN, FBI, Trump, Southern District of, Justice Department, Republican Locations: Los Angeles and Delaware, Southern District, Southern District of Florida, Delaware, Washington ,
Biden unveiled the sweeping executive action Tuesday afternoon at the White House, attempting to use executive action to affect the situation on the border after a bipartisan measure failed earlier this year. The new executive action bars migrants who cross the border illegally from seeking asylum – a departure from decades-long protocol – once a daily threshold is met. Senior administration officials told reporters Tuesday it would be lifted when there’s a daily average of less than 1,500 encounters in between ports of entry. Senior administration officials acknowledged that federal resources are strained, which could pose a challenge, but they maintain that the measure will help them remove people more quickly. Senior administration officials Tuesday cited the measure as a tool to help head off that potential increase.
Persons: Washington CNN —, Biden, Joe Biden, Donald Trump, ” Biden, Jose Luis Gonzalez, Critics, Trump, they’re, Gregory Bull, , , There’re Organizations: Washington CNN, White House, White, Republicans, Homeland Security, Texas National Guard, Reuters Homeland Security, Customs and Border Protection, Border Patrol, Trump, AP, , Migrants Locations: Mexico, United States, Ciudad Juarez, Trump’s, San Diego, Cuba, Haiti, Nicaragua, Venezuela
CNN —The House voted Tuesday to pass a bill to sanction International Criminal Court officials – House Republicans’ response to the court seeking an arrest warrant for Israeli Prime Minister Benjamin Netanyahu. It is unlikely that the Senate will take up the sanctions bill. The House passed the bill in a 247 to 155 vote, with 42 Democrats joining Republicans in support. A decision to seek arrest warrants doesn’t immediately mean an individual is guilty, but is the first stage in a process that could lead to a lengthy trial. “The Administration is deeply concerned about the ICC Prosecutor’s heedless rush to apply for arrest warrants for senior Israeli officials.
Persons: Benjamin Netanyahu, Netanyahu, Joe Biden, Karim Khan, CNN’s Christiane Amanpour, Yahya Sinwar, , doesn’t, Mike Johnson, Biden, ” Josh Ruebner Organizations: CNN, , Republicans, Israeli, Democrats, ICC, GOP, The Hague, Hamas, Administration, Congressional Democrats, Institute for Middle Locations: Israel, Gaza, United States, The, Netherlands
Rainier...)," Larsen wrote in the email, referring to a snowcapped peak near Seattle, where Amazon is headquartered. Months later, Amazon struck a deal with Shopify that put Buy with Prime on the Shopify merchant marketplace, extending the tool's reach with sellers. Advertisement"When merchants push that metric to >75%, it'll be a good indication that we've found product-market fit," Larsen wrote. To use Buy with Prime, Amazon charges merchants a 3% Prime service fee in addition to fulfillment fees and payment processing fees. However, Piiparinen said the 3% service fee is less than the referral fees merchants pay when selling on Amazon.com.
Persons: , Craig Leslie, Leslie, It's, Peter Larsen, Andy Jassy, Larsen, Santos, Anders Piiparinen, who's, doesn't, Piiparinen, Amazon's, Smart, ZOA, GreatCircleUS.com, Madeline Stone Organizations: Service, Amazon, Business, Bean Coffee Company, Shoppers, Ekrin Athletics, BI, Prime Locations: . Rainier, ., Seattle, Piiparinen, mstone@businessinsider.com
CNN —A date for Israeli Prime Minister Benjamin Netanyahu’s address to Congress remains uncertain after one date initially floated was ruled out because it fell on a Jewish holiday. A US congressional leadership aide initially said Monday that Netanyahu was scheduled to speak on June 13, which falls on Shavuot. Scheduling the speech while Biden is on another continent would skirt that question, though with the timing still uncertain, a meeting could take place. But the New York Democrat nonetheless signed on to the letter inviting the prime minister to speak to Congress. “We’re comfortable that it represents fairly and honestly an Israeli proposal – a very forward-leaning Israeli proposal, and we’re confident that Hamas needs to take it,” he said.
Persons: Benjamin Netanyahu’s, Netanyahu, Joe Biden’s, Biden, Chuck Schumer, , , Schumer, Mitch McConnell, Mike Johnson, Hakeem Jeffries, John Kirby Organizations: CNN, Republican, Democratic, White, New York Democrat, Foreign Affairs, Defense, National Security Locations: Shavuot, Italy, Washington, Puglia, Gaza, Tel Aviv, Israel, of Israel, Israeli
New York CNN —The New York Stock Exchange is investigating a technical issue on Monday as Berkshire Hathaway and dozens of other stocks are halted. NYSE said the technical issue is related to a mechanism designed to prevent stock prices from swinging wildly. Dozens of stocks are paused because they traded outside those so-called limit up-limit down bands, according to NYSE’s website. Joe Saluzzi, co-founder of Themis Trading, told CNN that the technical issues don’t appear to be impacting the broader market. However, Barrick Gold (GOLD), a Canadian gold and copper producer, was displayed as trading at just 25 cents — down 98.5% on the day, according to Refinitiv.
Persons: Berkshire Hathaway, Warren Buffett, It’s, Emily Pan, Joe Saluzzi, Themis Trading, , Saluzzi, NuScale Organizations: New, New York CNN, The New York Stock Exchange, Berkshire, NYSE, CNN, Nasdaq, Securities and Exchange Commission, Themis, , Barrick Locations: New York, Berkshire, Refinitiv . Berkshire, Chipotle, ” Besides Berkshire
Tokyo — A safety test scandal at Japanese automakers widened Monday, with Toyota Motor and Mazda both halting shipments of some vehicles after Japan’s transport ministry found irregularities in applications to certify certain models. The automakers were found to have submitted incorrect or manipulated safety test data when they applied for certification of the vehicles. The ministry ordered Toyota (TM), the world’s biggest carmaker by the number of vehicles sold, Mazda and Yamaha to suspend shipments of some vehicles. In a report to shareholders, ISS singled out the “spate of certification irregularities” at the Toyota Group. Toyota said it had temporarily halted shipments and sales of three car models made in Japan.
Persons: Suzuki, Glass Lewis, Akio Toyoda, Toyoda, , Yoshimasa Hayashi Organizations: Toyota Motor, Mazda, Honda, Yamaha Motor, Toyota, Yamaha, Daihatsu, Services, ISS, Toyota Group, Government, Corolla Fielder, Corolla, Lexus, RF Locations: Tokyo, Japan
When your kid comes out as trans, here’s what to do
  + stars: | 2024-06-02 | by ( Kristen Rogers | ) edition.cnn.com   time to read: +11 min
CNN spoke with a doctor, gender rights activists and parents of trans children about what to say when a child comes out as transgender, how to address certain challenges and what receiving gender-affirming care is like. Some parents want to support their child but worry if their gender identity is the result of a phase, or if they’ll change their mind later. It would be their decision resulting from the exploration of their gender identity, rather than someone trying to control it for them. Rhyland’s son later realized he is trans masculine nonbinary and uses he/him pronouns, and he’s OK with Rhyland calling him her son. (Trans masculine nonbinary means someone’s gender identity is nonbinary, yet they present in a typically masculine fashion with their name, style and more.)
Persons: CNN — Maryhope Howland, ’ ”, Howland, didn’t, ” Howland, , Nova, Williams, Rachel Cornwell’s, Evan, Cornwell, ” Cornwell, , Kade, It’s, Goepferd, “ There’s, ” Goepferd, Jocelyn Rhynard’s, Rhyland’s, aren’t, , ” Rhynard, “ we’ve, , , Rhynard, ’ ” Howland, Sarah McBride Organizations: CNN, Families United, Trans Rights, Dumbarton United Methodist Church, Human Rights Locations: Washington ,, Minnesota, Delaware
Read previewIn 2021, Brynne McManimie and Peter Romano lived in a one-bedroom apartment in Greenpoint, Brooklyn. "That's when we were like, 'OK, let's just try the housing lottery,'" McManimie added. AdvertisementAlthough applying is free, each household must meet specific income requirements to qualify for a lottery apartment. Brynne McManimie and Peter Romano"It's definitely smaller than our old apartment," McManimie said. Advertisement"We're really happy and very thankful that New York City has an affordable housing lottery.
Persons: , Brynne McManimie, Peter Romano, let's, Brynne, Peter Romano Matthew Dunivan, there's, McManimie, Clinton Hill, Romano, it's, There's, It's Organizations: Service, Business, New Yorker, New York City Department of Housing Preservation, Housing Development Corporation, The New York Times, New York Times, New Locations: Greenpoint , Brooklyn, New, West Coast, New York, Greenpoint —, Clinton, RentHop.com, Clinton Hill, Poconos, New York City
CNN —The guilty verdict against Donald Trump in his New York hush money trial is a momentous news story in itself. What’s far less clear, and what no polling can predict, is the effect it will have on voters’ willingness to support Trump in the presidential election. Fifteen percent said they’d be more likely to vote for Trump and 17% that they’d be less likely to do so. Take the roughly one-quarter of Trump supporters in the NPR/PBS/Marist poll who said that a conviction would increase their chances of supporting him over President Joe Biden. The best gauge of any immediate, tangible effect on voters’ preferences might be polls of the presidential race.
Persons: Donald Trump, That’s, , Trump’s staunchest, Joe Biden, Trump, aren’t, , They’ve Organizations: CNN, Trump, NPR, PBS, Marist, Reuters, Republicans, Biden Locations: New York, Quinnipiac
In fact, for him at least, one is not about the other; Seinfeld openly disdains politics. Like Seinfeld, Carolla imagines parts of the 20th century as a better time. Women got more jobs and power (despite, Carolla writes, being “better at home with the kids than in the workplace”) and men became metrosexuals. The masculinity they defend is adamantly heterosexual, threatened not just by women but also by gay men and gender non-confirming people. In fact, the call for a return to 1950s-style masculinity has found a number of high-profile political supporters in recent years.
Persons: Nicole Hemmer, Carolyn T, Robert M, , Who, Jerry Seinfeld, ” Nicole Hemmer, Bari Weiss, Seinfeld, , Adam Carolla, , Carolla, Said Will, ” Bill Maher, aren’t, they’ve, Sen, Josh Hawley, Weiss, Maher, — can’t Organizations: Rogers Center, American, Vanderbilt University, “ Partisans, Conservative, CNN, The Free Press, Missouri Republican Locations: United States, , Missouri
Apple | Spotify | Amazon | YouTube Listen to and follow ‘Hard Fork’This week, Google found itself in more turmoil, this time over its new AI Overviews feature and a trove of leaked internal documents. Then Josh Batson, a researcher at the A.I. And finally, we take a look at recent developments in A.I. safety, after Casey’s early access to OpenAI’s new souped-up voice assistant was taken away for safety reasons. Guests:Josh Batson, research scientist at AnthropicAdditional Reading:
Persons: Josh Batson, Claude Organizations: Apple, Spotify, Google
is a national political correspondent, covering the 2024 campaign and the major developments, trends and forces shaping American politics. He can be reached at shane.goldmacher@nytimes.com.
Locations: shane.goldmacher@nytimes.com
An aerial view of construction sites and new residential developments in the Nanchuan area of Xining, Qinghai province, China. China has fined China Evergrande's onshore flagship unit 4.18 billion yuan ($577 million) for fraudulent bond issuance and illegal information disclosure, the China Securities Regulatory Commission (CSRC) said on Friday. The regulator also fined Evergrande founder Hui Ka Yan 47 million yuan and barred him from the securities market for life, according to a statement. "The maximum fine (against Hengda) is the most severe since the unified law enforcement of the bond market," said CSRC, adding it had considered Hengda's bond issuance size and mandate to complete home constructions for buyers when making the decision. China is weighing imposing a record fine of at least 1 billion yuan on PricewaterhouseCoopers LLP and suspending some of the auditor's local operations over its role in auditing Evergrande, Bloomberg News reported on Thursday.
Persons: Hui Ka, Evergrande Organizations: China, China Securities Regulatory Commission, Evergrande, Hui Ka Yan, PricewaterhouseCoopers LLP, Bloomberg Locations: Nanchuan, Xining, Qinghai province, China, Hong Kong
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKraken's chief legal officer: SEC's suit against crypto exchange 'never should have been brought'Marco Santori, Kraken's chief legal officer, sat down with CNBC Crypto World, to explain why the crypto exchange is moving to dismiss the case against them and what's next as it relates to the SEC's lawsuit. He also weighed in on recent regulatory developments in crypto in the U.S. compared to other regions around the world.
Persons: Marco Santori, what's Organizations: CNBC Locations: U.S
Pony.ai plans to begin Robotaxi services by 2025
  + stars: | 2024-05-31 | 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 EmailPony.ai plans to begin Robotaxi services by 2025Evelyn Cheng reports on the developments of Pony.ai's robotaxis.
Persons: Evelyn Cheng
CNN —Some travelers pick a city break based on the destination’s cultural offerings – shortlisting the best museums and galleries to visit. It’s these gourmand travelers Time Out had in mind when the global media organization put together a new ranking of the world’s best foodie cities. “Food is everything when traveling,” Grace Beard, Time Out’s travel editor told CNN Travel. The city’s Central restaurant, recently named as number one in the 2023 World’s 50 Best Restaurants awards, naturally gets a mention too. Alexandr Milodan/iStockphoto/Getty ImagesOther cities on the list include Ho Chi Minh City (number four), Beijing (number five) and Bangkok (number six).
Persons: ” Grace Beard, margherita, Maradona’s, Andrea Viviani, , Santa, It’s, Diego Armando Maradona, Roberto Madrid, Cris Bouroncle, Thando Moleketi, Williams, Alexandr Milodan, Ho, Out’s Grace Beard, Beard, Alice Porter Organizations: CNN, CNN Travel, Santa Maradona, Naples, Getty, De, Liverpool, Michelin, Food Locations: Italian, Naples, , Lima, Peru, Peruvian, AFP, South African, Johannesburg, Braamfontein, De Beer, African, Ho Chi Minh City, Beijing, Bangkok, Portland , Oregon, , Portland, Liverpool, Cities, Italy, South Africa, Vietnam, China, Thailand, Kuala Lumpur, Malaysia, Mumbai, India, Dubai, UAE, Portland, USA, Medellín, Colombia, Seville, Spain, Porto, Portugal, Marrakech, Morocco, Lyon, France, Sydney, Australia, Montreal, Canada, Osaka, Japan, Copenhagen, Denmark
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