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☆ Stock futures are little changed after S&P 500 rises to kick off back half of 2024: Live updates
▼ + stars: | 2024-07-01 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

U.S. stock futures are little changed Monday night after the major averages closed higher to start the second half of 2024, as tech stocks outperformed. Dow Jones Industrial Average futures fell 26 points, or 0.07%. S&P 500 futures and Nasdaq 100 futures dipped 0.06% and 0.1%, respectively. The central bank leader will be part of a panel discussion and will not be issuing prepared remarks beforehand. He will join ECB President Christine Lagarde and Roberto Campos Neto, governor of Brazil's central bank.

Persons: Kevin Gordon, Charles Schwab, Gordon, Jerome Powell, Christine Lagarde, Roberto Campos Neto, Sara Eisen, Dow Jones Organizations: New York Stock Exchange, Dow Jones Industrial, Nasdaq, Dow Jones, European Central Bank Forum, ECB Locations: Brazil's

☆ Truist's chief strategist just downgraded the tech sector amid its most extreme outperformance since 2002. Here are 2 sectors he recommends investing in instead.
▼ + stars: | 2024-07-01 | by ( Christine Ji | ) www.businessinsider.com time to read: +3 min

Read previewAfter Big Tech's meteoric rise in the stock market, valuations may be coming back down to earth. Elevated Big Tech valuationsThe stock market is incredibly narrow, with just a few mega-cap tech stocks driving the market rally. Overall, the tech sector has risen by roughly 40% since November 2023. AdvertisementTruistAccording to Lerner, tech valuations are overheating in the short term, fueled by investor optimism. The tech sector's forward P/E has increased 19% just since May 1st of this year, jumping from 26x to 31x.

Persons: —, Keith Lerner, Lerner Organizations: Service, Nvidia, Apple, Google, Business, Utilities, P Telecom, US Telecommunications ETF, Vanguard Utilities Index Fund

☆ UBS executives break down how markets will react to a Biden or Trump presidency — and the 3 best investment strategies to hedge election risk
▼ + stars: | 2024-06-30 | by ( Christine Ji | ) www.businessinsider.com time to read: +6 min

UBS executives covering fixed income and equity strategies outlined in a recent note four different scenarios come November: a blue sweep, a Biden presidency with a split Congress, a red sweep, and a Trump presidency with a split Congress. The two overwhelmingly likely outcomes would be a Biden presidency with a divided Congress (40%) and a Trump presidency with a Republican Congress (45%), per UBS. A Biden victory with a divided CongressA Biden presidency will likely usher in increased tax rates and regulatory oversight, UBS said. A Trump presidency combined with a Republican Congress would mean an extension of the current lower marginal tax rates, the bank said. While antitrust regulation will likely ease under Trump, he's hardly a Big Tech supporter: Trump sued Facebook, Google, and Twitter (now X) in 2021.

Persons: —, Biden, David Lefkowtiz, Trump's, Tom McLoughlin, UBS's, Lefkowitz, he's, Trump, Leslie Falconio, Goldman Sachs Organizations: Service, UBS, Biden, Trump, Republican Congress, Business, Nvidia, OpenAI, Big Tech, Republican, Republicans, Democrats, Facebook, Google, Twitter, World Gold, Trust

☆ Here’s what voters had to say following the first 2024 debate showdown between Joe Biden and Donald Trump
▼ + stars: | 2024-06-29 | by ( John King | ) edition.cnn.com time to read: +7 min

Atlanta CNN —Larry Malinconico went to bed worried about President Joe Biden’s debate performance. “I’m extremely concerned,” Malinconico said just after the CNN debate Thursday night. She is still planning to vote Biden, but her reaction was also quite telling. “Why not allow Kennedy on stage,” he said of independent candidate Robert F. Kennedy Jr., who failed to meet the CNN debate criteria. — Trump supporters approved of his debate performance but there was no evidence in our group that he gained support.

Persons: Larry Malinconico, Joe Biden’s, “ I’m, ” Malinconico, “, Biden, ”, Malinconico, …, Pat Levin, Levin, Kamala Harris, Gavin Newsom, Biden –, “ Biden, ” Levin, ” Michael Pesce, Trump, ” Pesce, –, Pesce, I’m, Davette Baker, Donald, Matt Vrahiotes, Vrahiotes, Kennedy, Robert F, Kennedy Jr, ’ ”, Antonio Munoz, – –, Christine Ngyuen, Anushka Jalistagi, — Trump, Kim Cavaliere, ” Ibrahim Ghazal, “ Trump, ” Ghazal, ” Linda Rooney, Rooney Organizations: Atlanta CNN, CNN, Trump, California Gov, Reagan Republican, Biden, Republicans, Democratic, Wayne State University, —, of Michigan, College Democrats, “, Hamas, Republican Locations: Northampton County , Pennsylvania, Northampton County, California, Bucks County, Philadelphia, Northampton, African American, Milwaukee, Hall County , Georgia, America, Vegas, Atlanta, Decatur, “, Detroit, Palestinian, Israel

☆ How Wall Street giants like JPMorgan are using AI to manage your retirement portfolio and the risks and regulations surrounding it, according to the founder of an AI safety software platform
▼ + stars: | 2024-06-29 | by ( Christine Ji | ) www.businessinsider.com time to read: +7 min

Now, investment advisors are finding new and expansive use cases for AI in financial management. Vanguard is using AI to aggregate information from earnings transcripts and research reports, and has recently begun using AI to manage four of its stock funds. State Street is adding a generative AI feature to its platform which will answer customer questions about their portfolio and run analyses on portfolio data. There are some risks to using AI in investing, especially when your money could be on the line. Congress has pushed back on the rule, but Crawford is confident that AI regulation is in the cards, given the technology's far-reaching nature.

Persons: —, Alec Crawford, They're, Crawford, it's, chatbots — Organizations: Service, Inc, JPMorgan, Vanguard, Business, SEC, GameStop

☆ EToro surveyed 10,000 retail investors to see what's in their portfolios. Here's the breakdown of how they're betting on cash, crypto, and their top 3 stock-market sectors.
▼ + stars: | 2024-06-27 | by ( Christine Ji | ) www.businessinsider.com time to read: +4 min

EToro surveyed 10,000 retail investors in 12 countries to see what they're holding in their portfolios, collecting data from the period of May 15 to June 5, 2024. Thirty-eight percent and 32% of retail investors in these countries, respectively, own cryptocurrency, compared to 27% in the US. Top stock market picksEquities remain popular among retail investors, coming in second only to cash. Unsurprisingly, technology was a top pick for retail investors eager to take advantage of the tech-driven market rally of this year. Other areas of interest include real estate, communications, and healthcare, with 30% or more of retail investors indicating that they were invested in these sectors.

Persons: —, eToro, Cash, Sam North, Cryptocurrency Organizations: Service, Business, ECB Locations: EToro, Spain, Germany

☆ 'Perfect Match' season two has ended —but the drama is only just getting started
▼ + stars: | 2024-06-27 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +5 min

Read previewWarning: spoilers ahead for "Perfect Match" season two. "Perfect Match" season two may have ended last week, but the drama is just getting started. AdvertisementMultiple "Perfect Match" season 2 cast members have spoken out about the way the series was edited. AdvertisementChristine and Brittan also said Kaz tried to match with Brittan immediately after coupling up with Christine at the mixer but was rejected. AdvertisementThis is not the first time reality show drama has continued past a series finale, and even the "Perfect Match" season one cast, which was less scandalous than season two, had a few public arguments.

Persons: —, Christine Obanor, Nigel Jones, Harry Jowsey, Harry, costars, Christine, Kaz Bishop, Micah Lussier, Alara Taneri, Nigel, Shane Lopes, Chris Hahn, Brittan Byrd, Brittan, Dominique Defoe, Stevan Ditter, Bryton Constantin, Chris, Stevan, Kaz, Melinda, Dominique, Bryton, Dominique's, Brittan's, Dom Gabriel, Tolú Ekundare, Micah Stevan Organizations: Service, Netflix, Business, Xanthi Perdikomatis, Kinetic Locations: Xanthi

☆ 'Perfect Match' fans were shocked by the season two winners. Now cast members are claiming secret pacts swayed the vote.
▼ + stars: | 2024-06-25 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +4 min

Read preview"Perfect Match" season two fans were surprised when the newest couple were named the show's winners. Now, cast members are accusing each other of forming secret pacts to sway the vote. Did they deserve to win 'Perfect Match?' That may have been the case with "Perfect Match" season two. Dom Gabriel, who starred in both seasons of "Perfect Match," said the house was a lot more "wholesome" in season one because no one had a "competitive spirit."

Persons: —, messier, Christine Obanor, Nigel Jones, Chris Hahn, Harry Jowsey, Christine, Nigel, Harry, Chris, Stevan Ditter, Stevan, Dom Gabriel Organizations: Service, Business Locations: Netflix's

☆ An executive at $5 billion GraniteShares says these 4 cybersecurity stocks are his top picks in the sector — which he says is one of the most compelling areas in the market
▼ + stars: | 2024-06-24 | by ( Christine Ji | ) www.businessinsider.com time to read: +3 min

Read previewInvestors looking to expand their holdings in disruptive technologies should consider the cybersecurity sector, according to Paul Marino, chief revenue officer of the investment management firm GraniteShares. Cybersecurity: the software winner of 2024Amid the overall software downturn this year, cybersecurity is one of the few areas that hasn't seen reduced demand, and for good reason. Government organizations are a significant end market for cybersecurity, reinforcing demand for the sector's products. You actually may even dig in there when times get tough," Marino said, reinforcing the perennial nature of cybersecurity demand. He recommends the following four stocks for investors who want to gain exposure to the sector.

Persons: —, Paul Marino, cybersecurity, Marino Organizations: Service, Business, Nasdaq Locations: cybersecurity

☆ Home prices are surging the fastest in these 19 US cities — rising more than 10% over the past 12 months
▼ + stars: | 2024-06-23 | by ( Christine Ji | ) www.businessinsider.com time to read: +1 min

It's a difficult housing market for new homebuyers as prices continue to increase. Home prices across the top 100 US metro areas rose 6% on average in the past year, SmartAsset found. We've listed the 19 cities where home prices have risen the most, with an increase of 10% or more. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementInflation might have come down, but the housing market is one area where prices are still rising, a recent analysis by the financial-education site SmartAsset found.

Persons: SmartAsset, —, we've Organizations: Service, Business

☆ Home prices are surging the fastest in these 19 US cities — rising more than 10% over the last 12 months
▼ + stars: | 2024-06-23 | by ( Christine Ji | ) www.businessinsider.com time to read: +1 min

It's a difficult housing market for new homebuyers, as prices continuing increasing. We've listed below the 19 cities where home prices have risen the most, increasing 10% or more. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementInflation might have come down, but the housing market is one area where prices are still rising, according to a recent analysis by financial education site SmartAsset. Nineteen of these cities saw price increases of 10% or greater, which we've compiled below.

Persons: SmartAsset, —, we've Organizations: Service, Business

☆ I'm a dietitian. Here are my 11 favorite snacks to get at Trader Joe's.
▼ + stars: | 2024-06-23 | by ( Christine Craven | ) www.businessinsider.com time to read: +1 min

I'm a New York City-based dietitian who shops at Trader Joe's for snacks. I love Trader Joe's papadums crisps and sparkling strawberry juice beverages. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementI'm a dietitian based in New York City, and I turn to Trader Joe's when I'm looking to stock up on snacks. Here are some of my favorite snacks at Trader Joe's.

Persons: Joe's, — Organizations: Service Locations: New York City

☆ UBS says AI may be one of the 'largest investment opportunities in human history.' Here's the bank's 4-step approach for investing in the technology.
▼ + stars: | 2024-06-22 | by ( Christine Ji | ) www.businessinsider.com time to read: +4 min

Big Tech companies are pouring billions of dollars into building data centers to train it. The AI Value ChainAccording to UBS, investors should approach the overall AI industry as three interconnected layers: enabling, intelligence, and application. By understanding the major players in the AI space and investing in the most critical parts of the AI value chain, according to UBS. The bank predicts that the AI landscape will be marked by "vertically integrated" and "monolithic" firms with the scale to reach across the AI value chain. However, its stock hasn't seen the price appreciation that domestic tech companies have, suggesting that there's ample room for valuations to expand.

Persons: Ulrike Hoffmann, UBS's Organizations: Service, Apple, Big Tech, UBS, Business, Nvidia, Dell, Broadcom Locations: China

☆ Extreme heat takes toll on outdoor workers
▼ + stars: | 2024-06-21 | by ( Alicia Wallace | ) edition.cnn.com time to read: +11 min

There’s little to no escape from sweltering temperatures for construction workers like Eva Marroquin, who cleans work sites in Austin, Texas, and has worked in the industry for 17 years. Since 2010, she’s worked closely with the Workers Defense Project, an organization that advocates for protections for low-wage, immigrant workers in the Texas construction industry. Slowing down small businessesIt’s barely just now summer, and heatwaves are already slowing down small businesses, according to Homebase, which provides payroll software to more than 100,000 small businesses, covering 2 million hourly workers. “I think anything that impacts small businesses is affecting the economy as a whole,” he said, noting how small businesses account for half the jobs in the country. For herself, the high heat is more of an inconvenience; the car’s hotter and she just needs to pack some extra water.

Persons: Eva Marroquin, ” Marroquin, Christine Bolaños, she’s, Chris Lafakis, ”, Joshua, Gina Ferazzi, Gregory P, Casey, Jenny Schuetz, Brian Snyder, aren’t, “, John Waldmann, They’re, Katie Parent, Joseph Prezioso, Greer, Denise Greer Jamerson, Norman, Greer Jamerson, you’ve, ‘, “ It’s, it’s, Tamara Lovewell, café, panini, Tamara Lovewell “, Lovewell Organizations: CNN, Capitol, Workers Defense Project, Moody’s, Federal Reserve Bank of San, Williams College, Triple, Los Angeles Times, Environmental Protection Agency, Brookings Metro, Reuters, University of California, Stanford University, Getty, National Weather Service, Ruska Coffee Company Locations: Austin , Texas, Washington ,, Texas, Federal Reserve Bank of San Francisco, Massachusetts, Joshua Tree , California, Boston, Greater Boston, AFP, Princeton , Indiana, , Maine, United States, Caribou .

☆ Comeback candidates for 2024's second half include Starbucks and Nike — Here are the rest
▼ + stars: | 2024-06-21 | by ( Brian Evans | ) www.cnbc.com time to read: +4 min

However, shares of heavyweight companies including Nike and Starbucks have not fared as well this year. The sneaker manufacturer has slipped about 12% in 2024, while Starbucks has pulled back more than 16%. Starbucks The coffee chain posted sluggish fiscal second-quarter results in late April, noting a stark decline in same-store sales. SBUX YTD mountain Starbucks stock. NKE YTD mountain Nike stock.

Persons: Goldman Sachs, Christine Cho, Morgan Stanley, Alex Straton, skews, Straton, Raymond James, RJ Milligan, amortization, Milligan Organizations: Nvidia, Nike, Starbucks, CNBC Pro, CNBC, Stock, Caesars Entertainment, Caesars Locations: SBUX, FY3Q24E, China

☆ Want your child to go to Eton? Get ready to pay $13,000 more each year
▼ + stars: | 2024-06-20 | by ( Anna Cooban | ) edition.cnn.com time to read: +10 min

London CNN —Private schools in Britain may conjure up images of rolling lawns, pristine tennis courts, and dormitory rooms, serving as gilded hothouses of privilege. Not every private school is “synonymous with privilege and great wealth,” argues Sue Hannam, headteacher at Lichfield Cathedral School, a private school in central England. About 620,000 children are currently enrolled in private schools in Britain, equivalent to almost 6% of all school children, according to the Independent Schools Council. Hodge at the Education Policy Institute noted that, accounting for inflation, private school fees had risen by as much as 25% since 2010. Still, a demographic shift means state schools may “welcome” the influx, Sibieta wrote last year.

Persons: YouGov, ”, Sue Hannam, “ We’ve, …, they’re, —, Hannam, John Keates, we’ve, Keir Starmer, “, ” Starmer, Louis Hodge, that’s, Loveena Tandon, … it’ll, it’s, Julie Robinson, they’ll, Robinson, ” Robinson, Christine Cunniffe, ” Cunniffe, Hodge, That’s, he, ” Luke Sibieta, Oli Scarff, Sibieta Organizations: London CNN — Private, Eton College, Labour Party, Eton, Labour, Lichfield Cathedral School, CNN, Lichfield, Independent Schools, Institute for Fiscal Studies, Sky News, Education Policy Institute, ISC, Ascot, Education, Institute, Getty Locations: Britain, Lichfield, England, United Kingdom, Lichfield , United Kingdom, London, “, Manchester, AFP

☆ The best dog cooling mats to help your pup beat the heat
▼ + stars: | 2024-06-20 | by ( Christy Caplan | Lisa Sabatini | ) www.businessinsider.com time to read: +11 min

AdvertisementBest for travelThe Green Pet Shop Cool Pet Pad The Green Pet Cool Pet Pad is the best mat for keeping dogs cool on the go. The best dog cooling mats and pads for travel are lightweight and easy to carry, like this one from Green Pet. Most of the best dog cooling mats are too small for giant breeds, but the Arf Pets Pad is an exception. AdvertisementHow we tested the best dog cooling mats and padsI evaluated whether each mat could fit inside of a standard-sized dog crate. Christine Caplan/InsiderThe best dog cooling mats and pads in this guide were provided as editorial review samples by their manufacturers.

Persons: Walter, Krista Miller, Read, Christy Caplan, It's, Christine Caplan Organizations: Business, YouTube Locations: Pacific, Chewy

☆ Software stocks are slumping. The reasons behind the downturn and the 4 best investments to make now, according to UBS and C-suite executives.
▼ + stars: | 2024-06-20 | by ( Christine Ji | ) www.businessinsider.com time to read: +5 min

Enterprise software customers are seeing their profits shrink from high interest rates and weakening consumer spending, which is reflected in cost-cutting initiatives such as shrinking software budgets. The best software stocks to buy in today's environmentAccording to UBS, the current software industry offers investment opportunities for cybersecurity and cloud infrastructure stocks. Cybersecurity is a promising growth area, with potential for rapidly increasing demand, UBS said. Demand for cloud infrastructure — the combination of hardware and software needed for cloud computing — is also increasing. Microsoft (MSFT) and Oracle (ORCL) are two cloud infrastructure providers whose respective products, Azure and Oracle Cloud Infrastructure, have performed well in 2024, in contrast to the lackluster returns of other software companies.

Persons: —, Salesforce, hasn't, Marc Benioff Organizations: Service, Business, UBS, Enterprise, Microsoft, Oracle, Oracle Cloud Infrastructure

☆ Are Planes Safe Right Now? How to Understand Flight Disruptions.
▼ + stars: | 2024-06-19 | by ( Niraj Chokshi | Christine Chung | ) www.nytimes.com time to read: 1 min

No shortage of problems can affect a flight, fueling traveler anxiety and contributing to thousands of daily delays and cancellations around the world. But for all of the frustration and alarm such events cause, it can be difficult to interpret and understand their severity. Here’s how aviation safety experts say travelers should think about disruptions when they occur. Several alarming air travel incidents have made headlines in recent weeks — a sharp plunge toward an ocean, an unnerving wobble that damaged the tail of a plane and an aborted departure after an apparent engine fire. But the most common mishaps and malfunctions, even if hair-raising, are not typically severe, experts said.

☆ UK’s MI5 spy agency may have issued Chinese alert to distract from Partygate, tribunal hears
▼ + stars: | 2024-06-17 | by ( Caitlin Danaher | Sugam Pokharel | ) edition.cnn.com time to read: +4 min

London CNN —A former opposition lawmaker in Britain’s House of Commons has alleged that the UK’s domestic spy agency MI5 may have issued a rare alert notice in 2022 about an alleged Chinese agent as a distraction from the so-called Partygate scandal, according to testimony before a tribunal looking into the alert. The Christine Lee & So Solicitors office on Wardour Street, London, on January 13, 2022. He was the chairman of the now-disbanded Chinese in Britain All-Party Parliamentary Group, on which Lee sat. The UK has since introduced a foreign agents registration act, which is expected to come into force later this year. In a statement to CNN in 2022, Gardiner said he had not benefited personally from Lee’s donations in any way, adding that the money had been properly reported and its source verified.

Persons: London CNN —, Christine Ching Kui Lee, China’s, Boris Johnson, Barry Gardiner, Lee, Johnson’s, Gardiner, ”, “, Boris ’ Partygate, Christine Lee, Rob Pinney, Boris Johnson’s, ” “, Daniel Wilkes, Mr Gardiner, CNN’s Andrew Raine Organizations: London CNN, Communist Party, Labour Party, Getty, CNN, Security Services, MI5, Security Service, Labour, Parliamentary, Chinese Communist Party Locations: Britain’s, London, Europe, ”, Britain, British

☆ Bank of America's clients are increasingly worried about a stock market peak. Here are 10 indicators to identify a top — and the best investing approach for when it unfolds.
▼ + stars: | 2024-06-17 | by ( Christine Ji | ) www.businessinsider.com time to read: +7 min

So that's what the bank did, listing 10 signals that they found to be most reliable, as well as the best investing approach for a market peak. The index has reached 110 within the six months preceding every market peak since July 1990, and in January 2024, it reached 111. ValuationElevated stock valuations are also telling of a market peak, but Bank of America's indicators relating to P/E ratios aren't currently triggered. A third macroeconomic indicator, Bank of America's Credit Stress Indicator (CSI), is not triggered. It often drops below 0.25 within six months of a market peak, but sits at 0.39.

Persons: —, Savita Subramanian, America quantifies Organizations: Service, Bank of America, Business, Conference, Bank of America Investor, Bank, America, The Conference Board, SSI, Wall Street, of America's, CSI Locations: today's

☆ The strange economics of pig meat: Ham prices are down, but bacon’s up
▼ + stars: | 2024-06-17 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +4 min

New York CNN —Shoppers in the meat aisle may have noticed something weird last month: Bacon prices are sizzling, but ham’s not so hot. But ham prices were lower, falling 5.4% overall and dropping 6.3% when you exclude canned varieties. It’s all relativeGlynn Tonsor, a professor in the department of agriculture economics at Kansas State University suggests that if you zoom out, pork prices are indeed going up across the board. But prices for ham actually went up higher than the prices of bacon and pork chops. Scott Olson/Getty Images/FilePeople love baconAnother reason for high bacon prices: Strong demand, even when it’s expensive.

Persons: Bacon, Glynn Tonsor, ” Tonsor, Scott Olson, ”, Christine McCracken, They’re, you’ll, It’s, McCracken, “ You’ll Organizations: New, New York CNN, Shoppers, Bureau of Labor Statistics, Kansas State University, Federal Reserve, St, RaboBank, Retailers, KFC, Starbucks Locations: New York, Louis, Mexico, “, Chicago , Illinois, Burger King

☆ Webb telescope pinpoints asteroid collision in nearby planetary system
▼ + stars: | 2024-06-16 | by ( Ashley Strickland | ) edition.cnn.com time to read: +5 min

“The James Webb Telescope: Are We Alone?” on The Whole Story With Anderson Cooper offers an inside look at the most powerful telescope ever built. The Beta Pictoris system, located just 63 light-years from Earth, has long intrigued astronomers because of its proximity and age. “So I was super excited to reobserve this system in 2023 using the James Webb Space Telescope,” Chen said. The dust was then pushed out of the planetary system by radiation from the central star, which is slightly hotter than our sun. But the powerful Webb telescope was unable to detect any dust.

Persons: James Webb, Anderson Cooper, Pictoris, Christine Chen, ”, “, ” Chen, Beta, Chen, Webb, JWST, Cicero Lu, Johns Hopkins, Spitzer, Kadin Worthen, “ We’re Organizations: CNN, Beta, Johns Hopkins University, American Astronomical Society, Spitzer, Telescope, Johns, Johns Hopkins Locations: Baltimore, Madison , Wisconsin

☆ Japan did it first. Chinese stocks with some of the biggest global upside
▼ + stars: | 2024-06-16 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

If the international expansion of Japanese companies is any guide, Chinese companies still have significant potential left in the global market. The company did not break out overseas revenue for the first quarter, but said overall revenue grew by 14% from a year ago to 3.8 billion yuan. When compared to Japanese companies, the contribution of overseas revenue to the total for Chinese businesses is low across industries. "We believe Zhejiang Dingli will benefit from strong boom lift sales growth, especially in the US market," the HSBC report said. I think the conversation has moved now more toward being tough on global trade or free trade," David Chao, global market strategist, Asia Pacific (ex-Japan), at Invesco, said during a webinar Thursday.

Persons: Steven Sun, Christine Peng, Anker, Dingli, Snibe, David Chao, — CNBC's Michael Bloom Organizations: HSBC, CSI, Japan's Nikkei, HSBC Qianhai Securities, UBS Asia Pacific, Companies, Amazon, Apple, Google, U.S . Commerce Department, Shenzhen New Industries Biomedical Engineering, Asia Pacific, U.S, Association of Southeast Asian Nations, Union Locations: China, Japan's, Shanghai, Germany, Indonesia, East, South America, Shenzhen, Zhejiang, Snibe — Shenzhen, U.S, Asia, Japan, Invesco, Singapore, The U.S

☆ These 3 utilities stocks are set to benefit the most from the AI boom as demand for electricity surges, according to a $47 billion firm
▼ + stars: | 2024-06-14 | by ( Christine Ji | ) www.businessinsider.com time to read: +1 min

AI and data centers are driving up electricity usage in the US after a decade of flat demand. As a result, the utilities sector is performing strongly, especially independent power producers. IPP stocks like NRG, CEG, and VST will benefit the most from AI, says one portfolio manager. Investors are pouring into utilities stocks as data centers drive outsized demand for electricity. This is big news for the US utilities sector, which has experienced essentially flat demand growth over the last decade.

Persons: — Organizations: Service, Nvidia, Goldman Sachs Research, Business

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