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☆ Here are Wednesday's biggest analyst calls: Nvidia, Meta, Tesla, Chipotle, Ferrari & more
▼ + stars: | 2024-05-22 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are Wednesday's biggest calls on Wall Street: Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it's sticking with its overweight rating on Tesla but says it's only a matter of time before others automakers begin to take advantage of AI also. Morgan Stanley reiterates Meta as overweight Morgan Stanley said that, as users adopt the company's Reels product it becomes a "monetization opportunity." Morgan Stanley reiterates Dell as a top pick Morgan Stanley said Dell remains a favorite name at the firm. Morgan Stanley reiterates McDonald's as overweight Morgan Stanley said it's standing by the fast-food chain. Morgan Stanley reiterates Ferrari as overweight Morgan Stanley said it's standing by its overweight rating on the automaker.

Persons: Morgan Stanley, Tesla, Piper Sandler, Piper, Meta, Dell, JMP, Oppenheimer, it's, Goldman Sachs, Goldman, Kraft Heinz, McDonald's, Rosenblatt, John Malone, Sportico, Morgan Stanley downgrades, Generac, Jefferies, Needham, Stryker, Ferrari, MSFT Organizations: GM, Ford, Nvidia, Blackwell, ODM, Lenovo, Dell, China Tech Hardware, Costco, " Bank of America, Bank of America, Kraft, Brunswick, UBS, Brunswick Corporation, Atlanta Braves Holdings, Deutsche Bank, Waste Management, Deutsche, Price, Jefferies, Prudential, Lincoln National, Microsoft, Garmin, of America Locations: Coinbase, Shopify

☆ Microsoft is about to show off its next move in AI. Here's what to expect.
▼ + stars: | 2024-05-20 | by ( Ana Altchek | ) www.businessinsider.com time to read: +5 min

Read previewIt's about to be a big week for Microsoft. Copilot and other AI features in WindowsWedbush analysts expect Microsoft to roll out more Copilot and AI features into its consumer and enterprise product stack. Related storiesIves said putting AI features into Windows will give developers the foundation to build AI use cases through Windows and, ultimately, Azure. Ives said the new AI Surface updates will start a new PC-driven cycle that's "AI-led, from Dell to Microsoft, and ultimately to Apple as well." But according to Ives, Microsoft will be a "showstopper."

Persons: —, Dan Ives, Wedbush's, Wedbush, Ives, Google Organizations: Service, Microsoft, Google, Business, Windows, Oracle, Apple, Dell, Ives

☆ Stock market today: US stocks mixed as Wall Street gears up for big week of AI updates
▼ + stars: | 2024-05-20 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

US stocks traded mixed on Monday after last week's rally to record highs. Investors are preparing for a big week of AI updates, with Nvidia earnings on deck. Microsoft is set to unveil new product and AI updates at its 2024 Build conference. AdvertisementUS stocks were mixed on Monday, wavering slightly after last week's run to record highs in the wake of an encouraging April inflation report. Microsoft's 2024 Build Conference is the other big AI event of the week, and will showcase new hardware and software products from the company.

Persons: —, Copilot, Dan Ives Organizations: Nvidia, Microsoft, Service, Investors, Excel, Federal, PMI Locations: Here's

☆ How Apple's AI push could do more than just reignite iPhone sales
▼ + stars: | 2024-05-20 | by ( Morgan Chittum | ) www.cnbc.com time to read: +5 min

"I think the iPhone next generation has to incorporate far more AI than it does now," Jim said on Monday. The Club's belief is that doing so will prompt iPhone users to upgrade to the newer model, helping reignite topline growth for Apple following a prolonged period of sluggishness. The majority of Apple's installed base of more than 2.2 billion devices is iPhones, Melius said in its note Monday. AAPL YTD mountain Apple (AAPL) year-to-date performance AI can boost more than just iPhone sales, according to Melius. In the three months ended March 30, the iPhone 15 and iPhone 15 Pro Max held the No.

Persons: Jim Cramer, Jim, Melius, Max, Jim Cramer's Organizations: Melius Research, Apple, Conference, Cupertino, Reuters, Huawei, CNBC, Citizens, Nurphoto, Getty Locations: China, Melius, India, Shanghai

☆ Opinion: Credibility is the key at Trump trial
▼ + stars: | 2024-05-19 | by ( Richard Galant | ) edition.cnn.com time to read: +21 min

The idea that Cohen talked to Trump about Daniels on that call “was a lie,” Blanche alleged. Moreover, my experience has been that juries don’t decide based upon one moment — they base their judgment on an overall view.”There were allegedly three parties aware of the scheme to conceal the real reason Trump paid Cohen more than $400,000 in supposed legal fees: Trump, Cohen and Allen Weisselberg, then-chief financial officer of the Trump Organization. “Weisselberg could be the linchpin to validate Cohen’s claims about Trump agreeing to reimburse him through Trump Organization, as a business expense,” wrote attorney Stacy Schneider. Trump seems to be tempted to go mano a mano and show that he is better fit to be commander-in-chief. The new requirement for GOP politicians wanting to demonstrate their loyalty to Trump seems to be visiting the Manhattan courthouse where he’s on trial.

Persons: CNN —, ” Mark Twain, “, Twain, ” Michael Cohen, Donald Trump, —, Trump, Stormy Daniels, Todd Blanche, Cohen, Norm Eisen, Blanche, ”, pummeled Cohen, Robert Mueller, Nick Anderson, Agency Cohen, Keith Schiller, Daniels, ” Blanche, ” Eisen, don’t, Allen Weisselberg, Stacy Schneider, Weisselberg, David Zurawik, “ I’ve, Sen, Robert Menendez, He’s, George Santos ., CNN “ It’s, he’s, ‘, Henry Cuellar, ” Cupp, Drew Sheneman, Georgia —, Vladimir Putin’s, Frida Ghitis, ” Ghitis, Joe Biden’s, ” Dana Summers, “ Biden, ” Julian Zelizer, mano, Biden, ” Bill Bramhall, Stephanie Griffith, Howard Tucker, Gayle Fleming, Michael Ventura Gayle Fleming, Biden —, ” Tom Brady’s, Kara Alaimo, Tom Brady “, Kevin Hart, Gisele Bündchen, Brady, Benjamin, Vivian, ’ Brady, ’, Alaimo, Brady didn’t, Nafees Syed, Kamel El Hilali, Andrew Borene, freakout Scott Stantis, Jeff Yang, … ” Brown, Keith Magee, Brown, backpedaling, Forget, Doug Burgum, Scott Jennings, Burgum’s, Bill Bramhall, Content Agency Clarence Thomas Washington, Clarence Thomas ’, Dean Obeidallah, Thomas, Harlan Crow, ” Clay Jones, John Oliver’s, Steve Vladeck, “ Thomas, ” Don’t, Clayton Swope, Dan Perry, Netanyahu, Jill Filipovic, Miss Teen USA Mary Ziegler, Bob Kolasky, Megan L, Ranney, Karen Tang, Halle Berry, Naomi Watts, Jonathan Yeo, King Charles III, Aaron Chown, Holly Thomas, King Organizations: CNN, Trump, Tribune, Agency, Trump Organization, Twitter, Facebook, DC, Robert Menendez of New, GOP, ” Texas, White, Europe, Russia, Kyiv, Biden, ABC, Democratic Party, Netflix, Garden State, Content Agency, Capitol, Consumer Financial, Board, Fifth Circuit, ICC, Miss USA, Miss Teen USA, Buckingham Palace, Royal Locations: New York, Robert Menendez of, Robert Menendez of New Jersey, Russian, Ukraine, Slovakia, Georgia, Soviet Republic, United States, Cleveland, “, Manhattan, North, . North Dakota, ” That’s, Louisiana , Mississippi, Texas, Florida’s, Buckingham

☆ Disruptor 50: How Thrive Market uses AI to innovate the direct-to-consumer grocery space
▼ + stars: | 2024-05-16 | 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 EmailDisruptor 50: How Thrive Market uses AI to innovate the direct-to-consumer grocery spaceNick Green, Thrive Market CEO, joins CNBC's 'The Exchange' to discuss Thrive's health food membership model, AI product integration, and more.

Persons: Nick Green

☆ FactSet CEO on AI integration in latest financial products
▼ + stars: | 2024-05-16 | 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 EmailFactSet CEO on AI integration in latest financial productsPhil Snow, FactSet CEO, joins 'Fast Money' to talk FactSet's incorporating AI into its products.

Persons: Phil Snow

☆ Apple looks kind of ridiculous right now
▼ + stars: | 2024-05-15 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Apple, though, has kept pretty quiet about its own AI ambitions so far — and it's increasingly obvious. "The buzz around AI, and specifically GenAI, has been so deafening that Apple is noticeable by omission," Dipanjan Chatterjee, vice president and principal analyst at Forrester, told Business Insider. Still, if the rumors about OpenAI or Gemini iPhone integration are true, this week's "strong announcements actually would bode well for Apple," William Kerwin, an analyst at Morningstar, said. AdvertisementThe analyst told BI that the new iPad rollout is simply an "appetizer to the real meat and potatoes" of Apple's AI strategy, expected to be announced at the WWDC in June.

Persons: —, Sam Altman's, Google's, Dipanjan Chatterjee, Forrester, Chatterjee, Gene Munster, it'd, Apple's, bode, William Kerwin, Siri, Dan Ives Organizations: Service, Big Tech, Business, Apple, Conference, Google, Deepwater Asset Management, Morningstar, Microsoft

☆ Chinese asylum seekers in New York City live in limbo, caught between China and the US
▼ + stars: | 2024-05-15 | by ( Tara John | Yong Xiong | ) edition.cnn.com time to read: +14 min

It was his only day off from working 12-hour shifts at a Chinese restaurant in New York City. Evelio Contreras/CNNAfter arriving in New York, Ye spent a week in a Manhattan shelter. For Chinese asylum seekers like Ye, there is a well-trodden route to residency in the US. … It’s impossible for them to be spies.”But the rhetoric around the rise of undocumented Chinese migrants highlights growing tensions between the US and Chinese governments. He received permanent US residence a year later and has gone on to help Chinese migrants in Flushing.

Persons: Ye Chengxiang, “, ”, Ye, Evelio Contreras, Amy Hsin, Jiang Zhen, Yong Xiong, Xi Jinping, Biden, Mark Green of, Wan Yanhai, …, Jiang, “ It’s, I’m, Melanie Stetson Freeman, ’ Wan, Flushing . Li Jiada, Li Jiada, Jesus, Li Organizations: NY CNN, Central America, CNN, Queens College, Customs and, Embassy, Central, Chinese Ministry of Foreign Affairs, China, Republicans, Republican, House Homeland Security Committee, Communist Party, Christian Science, Customs Enforcement, of, Yorker Locations: Flushing, NY, New York City, China, Communist, Ye, States, Colombia, Darien, South, Central, New York, Manhattan, Flushing’s, Sunset, Mexico, Central America, Queens, Hunan province, Guangdong, Chinatown, , Flushing , New York, San Francisco, Mark Green of Tennessee, Beijing, Flushing ., Flushing , Queens

☆ Frank Lloyd Wright's midcentury modern home designs are back, now in easy-to-assemble kit form
▼ + stars: | 2024-05-15 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +3 min

Lindal Cedar Homes is now selling "kits" inspired by Wright's designs. "There's been a surge of interest in midcentury modern homes for the middle class that are affordable and aesthetically pleasing," Josefin Kannin, marketing director for Lindal Cedar Homes, said. Lindal Cedar Homes now brings those revered design sensibilities to the modern homeowner. The company's website offers nine options that embrace six of Wright's design principles, like open-floor plans and integration with nature. Representatives for Lindal Cedar Homes did not immediately respond to a request for comment from Business Insider.

Persons: —, Frank Lloyd Wright, There's, Maynard Buehler, Jacobs, Wright's, Wright Organizations: Service, Frank Lloyd Wright Foundation, Business, Lindal, Homes, San Francisco Chronicle, Hearst Newspapers, Getty, Wall Street Locations: Madison, Wisconsin

☆ Opinion: America vowed to desegregate its schools. This is what happened instead
▼ + stars: | 2024-05-15 | by ( Opinion Keith Magee | ) edition.cnn.com time to read: +8 min

CNN —A few weeks ago, I gave the keynote speech at an inaugural conference on Black literacy exploring what the organizers called an “alarming literacy gap” between Black students and their peers. The White students even had their prom at the local country club while the Black students’ prom was held in the school gym. And since schools with high numbers of poor Black and Brown students tend to be drastically underfunded the correlation between poverty and lower academic achievement is hardly surprising. More than two-thirds attend schools in which only a minority of students are eligible for FRPL, schools where better funding and opportunities mean better outcomes. Research shows that integration raises the attainment levels of all students — not just those who are Black, Brown and poor.

Persons: Keith Magee, Keith Magee Arron Dunworth, sleepovers, Angela Davis, Brown, backpedaling, —, Martin Luther King, Jr, Beverly Daniel Tatum, ” Organizations: University College London Institute for Innovation, Newcastle University Law School, CNN, of Education of, Civil Rights, Stanford, University of Southern, Pacific, Research, Twitter, Facebook, Brown v, of Education Locations: America, Brown, of Education of Topeka, Louisiana, University of Southern California, Black

☆ Google's Gmail of the future looks incredible
▼ + stars: | 2024-05-14 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +4 min

Read previewOne of the big takeaways from Google's big developer conference on Tuesday was just how incredible Gmail looks like it's about to get. But the coming updates and seemingly smooth integration of Google's AI model Gemini could take Gmail to the next level. AdvertisementQ&AThe Q&A function allows Gmail users to simply ask a question that Gemini can answer by referencing all of their emails and attachments. AdvertisementIntegration into other Workspace productsGoogle also showed just how well integrated the Gmail of the future could be with other Workspace products, like Google Sheets. Overall, Google's demonstrations showed just how impressive AI-powered features could be in Gmail.

Persons: —, Aparna Pappu, Pappu, Gemini, Gemini's Organizations: Service, Gmail, Business, Google, Knicks, Gemini

☆ 4 tips for advertisers to find quality leads and drive sales
▼ + stars: | 2024-05-14 | by ( Sponsor Post | ) www.businessinsider.com time to read: +6 min

Most recently, they're evolving to help advertisers drive a high volume of quality leads. They use instant forms that allow customers to share simple information like name, email, and budget to generate quality leads that drive sales. To make the most of Meta's lead generation solutions, consider these four tips. Watch the video to hear more tips from advertisers who are driving quality leads at scale with Meta's instant forms, or learn more here. Conversion from lead to quality lead occurs when a user takes a qualifying, lower funnel action identified by the business, which moves them into a "quality lead" status.

Persons: Aly Gomez, John, John Wai, that's Organizations: John Wai Martial Arts, Meta, Partners, Meta Business, BR, SK, JP Locations: Dallas , Texas

☆ How to integrate OT and IT for maximum business value
▼ + stars: | 2024-05-13 | by ( Sponsor Post | ) www.businessinsider.com time to read: +7 min

By Ganesh Bukka, Vice President & Global Head, Industry 4.0, Hitachi Digital ServicesData is supposed to unlock operational efficiency and productivity. OT and IT integration can enable business agility, optimize operations, help businesses hone their competitive edge, and inform decision-making so they can quickly seize emerging business opportunities. Data integration supports intelligent decision-making, which in turn supports business continuityThe real-world perspective is essential because this is not a theoretical discussion. Realize OT and IT integration with an industry-experienced partnerAchieving that level of performance requires the intelligent integration of OT and IT. Learn more about how Hitachi Digital Services partners with companies to integrate OT and IT and empower informed decision-making.

Persons: Ganesh Bukka Organizations: Global, Industry, Hitachi Digital Services, Hitachi, Insider Studios

☆ Jim Cramer sees more room for Honeywell to climb as the stock shakes off rough start to 2024
▼ + stars: | 2024-05-13 | by ( Morgan Chittum | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. There was largely an "absence of news" last week, Jim Cramer noted, and yet stocks were still able to advance. 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, Stocks, Jim, OpenAI, Vimal Kapur, Jim Cramer's Organizations: CNBC, Dow Jones Industrial, Nasdaq, Apple, Bloomberg News, Developers Conference, Honeywell International, Club, Honeywell, AAPL

☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Netflix, Delta, Micron, Visa, Mastercard, Target, Tesla, Penn & more
▼ + stars: | 2024-05-13 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

"We see risk-reward on AAPL as positive, and rate the stock Outperform with a price target of $195." Barclays reiterates Micron as overweight Barclays raised its price target on the stock to $145 per share from $120. Evercore ISI adds a tactical outperform on Walmart Evercore added Walmart to its tactical outperform list ahead of earnings later this week. Evercore ISI adds a tactical outperform on Target Evercore added Target to its tactical outperform list ahead of earnings on May 20. "Following SEDG's 1Q results last week, we are downgrading SEDG to a Neutral and lowering our price target to $56 as the timing of a recovery remains cloudy."

Persons: Bernstein, Apple, Jefferies, it's, Wells, Piper Sandler, Piper, Bank of America downgrades Penn, Guggenheim, Tesla, We've Organizations: Apple, Nvidia, Barclays, Micron, HSBC, Delta, American Airlines, JPMorgan, Netflix, UBS, Visa, Mastercard, Walmart, Target, Royal Bank of Canada, HSBC Canada, Nexstar, Susquehanna, Bank of America, Penn Ent, ESPN Bet, Tesla, GE Aerospace, GE, Gemini Locations: Delta, United, America

☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Netflix, Delta, Micron, Visa, Mastercard, Target, Tesla & more
▼ + stars: | 2024-05-13 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Persons: Bernstein, Apple, Jefferies, it's, Wells, Piper Sandler, Piper, it's bullish, Bank of America downgrades Penn, Guggenheim, Tesla, We've Organizations: Apple, Nvidia, Barclays, Micron, HSBC, Delta, American Airlines, JPMorgan, Netflix, UBS, Wells, Visa, Mastercard, Walmart, Target, Royal Bank of Canada, HSBC Canada, Nexstar, Susquehanna, Bank of America, Penn Ent, ESPN Bet, Tesla, GE Aerospace, GE, Gemini Locations: Delta, United, America

☆ In the rush to adopt AI, ethics and responsibility are taking a backseat at many companies
▼ + stars: | 2024-05-12 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +4 min

Companies are rapidly integrating generative AI technology to boost productivity. AdvertisementCompanies have been racing to deploy generative AI technology into their work since the launch of ChatGPT in 2022. She added that the "demand for AI governance and risk experts is outpacing the supply." "The venture capital environment also reflects a disproportionate focus on AI innovation over AI governance," Singh told Business Insider by email. But with the pace of innovation in AI, government regulations may not be enough right now to ensure companies are protecting themselves.

Persons: —, haven't, Tad Roselund, Nanjira Sam, Navrina Singh, Singh Organizations: Service, Companies, Microsoft, Boston Consulting Group, MIT Sloan Management, Stanford's Institute for, Intelligence, Biden Administration Locations: EU

☆ 50,000 protest Georgia’s foreign agent bill as US sounds alarm over ‘Kremlin-style’ law
▼ + stars: | 2024-05-11 | by ( ) edition.cnn.com time to read: +4 min

CNN —About 50,000 opponents of a “foreign agents” bill marched peacefully in heavy rain through the Georgian capital on Saturday, after the United States said the country had to choose between the “Kremlin-style” law and the people’s Euro-Atlantic aspirations. “Georgian parliamentarians face a critical choice – whether to support the Georgian people’s Euro-Atlantic aspirations or pass a Kremlin-style foreign agents’ law that runs counter to democratic values,” he said. Demonstrators protest against the foreign agents bill in Tbilisi, Georgia, on May 11, 2024. Georgian Dream says the bill will promote transparency and Georgian national sovereignty. Demonstrators protest against the foreign agents bill in Tbilisi, Georgia, on May 11, 2024.

Persons: “, ”, Jake Sullivan, Irakli Gedenidze, Nino, Vladimir Putin’s, Reuters Bidzina, Sullivan Organizations: CNN, House, Georgian, European, Reuters, Union, Vladimir Putin’s Kremlin, European Union, EU, NATO Locations: States, backsliding, Georgia, European Union, Tbilisi , Georgia, “, Russia, Europe, ”, Georgian, Tbilisi, United States

☆ AOL's Steve Case: Seeing AI transition from horizontal LLM platforms to vertical integration
▼ + stars: | 2024-05-10 | 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 EmailAOL's Steve Case: Seeing AI transition from horizontal LLM platforms to vertical integrationSteve Case, AOL co-founder and Revolution chairman and CEO, joins 'Squawk Box' to discuss news of Microsoft's $3 billion AI investment in Wisconsin, impact of AI on productivity and future of work, and more.

Persons: Steve Case Organizations: AOL Locations: Wisconsin

☆ Waste-management facilities are using AI to turn trash into recycled treasure
▼ + stars: | 2024-05-09 | by ( Leila Jordan | ) www.businessinsider.com time to read: +7 min

The company's software, installed at waste-management sorting facilities, uses artificial intelligence to identify misplaced materials in waste streams. Greyparrot devices also catalog what enters the facility so that waste-facility managers can better understand what they're collecting. Data is transforming the way waste-management facilities operateSince 2020, the UK waste-management company Grundon has been using Greyparrot devices in three of its facilities. GreyparrotGrundon's feedback also led to updates in the Greyparrot device's capabilities. AI development is also promising a brighter future for waste-management facilities and their perception.

Persons: Steven Cohen, Druckman, Greyparrot, Grundon, Owen George, George, Cohen Organizations: Service, Columbia University, Environmental Protection Agency, Bollegraaf Locations: United Kingdom, South Korea, United States, Grundon

☆ Klaviyo CEO: Our AI helps users run more experiments and optimize campaigns
▼ + stars: | 2024-05-09 | 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 EmailKlaviyo CEO: Our AI helps users run more experiments and optimize campaignsAndrew Bialecki, Klaviyo CEO, joins 'Closing Bell Overtime' to talk quarterly results, the stocks massive jump, global expansion, AI integration and more.

Persons: Andrew Bialecki

☆ Boeing’s Starliner launch delayed for valve replacement
▼ + stars: | 2024-05-08 | by ( Ashley Strickland | Jackie Wattles | ) edition.cnn.com time to read: +5 min

CNN —The long-awaited first crewed mission of Boeing’s Starliner spacecraft will be delayed for more than a week after engineers identified an issue that halted launch preparations on Monday. Starliner’s next opportunity to lift off on its maiden voyage from NASA Kennedy Space Center in Florida is at 6:16 p.m. Veteran NASA astronauts Suni Williams and Butch Wilmore had already taken their seats aboard the Starliner capsule when the operations team called for a scrub Monday night about two hours before launch. NASA astronauts Butch Wilmore, right, and Suni Williams will remain in quarantine until the launch. Terry Renna/APWilliams and Wilmore have each ventured to space on two previous journeys aboard the NASA space shuttle and Russian Soyuz missions.

Persons: Starliner’s, Suni Williams, Butch Wilmore, Tory Bruno, Bruno, Williams, Wilmore, SpaceX’s, Terry Renna, Bill Nelson, “, Butch, Suni, Nelson, —, ” Williams Organizations: CNN, NASA Kennedy Space Center, Veteran NASA, United Launch Alliance, Atlas V, NASA, Cape Canaveral Space Force, Kennedy Space Center, Boeing, International Space Station, Russian Soyuz, Mercury, Gemini, Apollo Locations: Florida, Russian, United States

☆ U.S. and China trade divisions threaten a 'reversal' for global economy, IMF official warns
▼ + stars: | 2024-05-08 | by ( Dylan Butts | ) www.cnbc.com time to read: +2 min

Carlos Barria | Afp | Getty ImagesDifferences between U.S.-led Western and China-aligned economic blocs threaten global trade cooperation and economic growth, a top official with the International Monetary Fund warned on Tuesday. IMF Deputy Managing Director Gita Gopinath said in a speech at Stanford University that events such as the global pandemic and Russia's invasion of Ukraine have disrupted global trade relations in ways not seen since the Cold War. "Increasingly, countries around the world are guided by economic security and national security concerns in determining who they trade with and invest in," she said, adding that this has resulted in countries increasingly picking sides between China and the U.S. Trade between the China and U.S. blocs has declined compared with trade among countries within the groupings, Gopinath said. The U.S. bloc mainly includes Europe, Canada, Australia and New Zealand, while China-leaning countries include Russia, Eritrea, Mali, Nicaragua and Syria.

Persons: Xi Jinping, Carlos Barria, Gita Gopinath, Gopinath Organizations: National Committee, China Relations, China Business Council, Economic Cooperation, APEC, Afp, International Monetary Fund, Stanford University, U.S, IMF, Trade, West Locations: Asia, San Francisco , California, China, Ukraine, Washington, Beijing, U.S, South, Taiwan, Europe, Canada, Australia, New Zealand, Russia, Eritrea, Mali, Nicaragua, Syria

☆ UBS makes first profit since Credit Suisse rescue
▼ + stars: | 2024-05-07 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

London CNN —UBS has reported its first quarterly profit since buying ailing rival Credit Suisse, marking a sharp turnaround from six months of losses that immediately followed the closure of the rescue deal. It also realized cost savings of $1 billion, adding to cost cuts of some $4 billion last year. On Tuesday, Ermotti said UBS was “on track” to achieve “significant integration milestones” this year, including the merger of the two banks’ operations in Switzerland in the third quarter. UBS has raised serious concerns about the proposals and on Tuesday Ermotti reiterated the bank’s view that it wasn’t lack of capital that left Credit Suisse needing to be rescued. He said UBS was already adding almost $20 billion to its capital buffers as a result of the takeover of Credit Suisse, in part because of the bank’s increased market share and balance sheet size.

Persons: Sergio Ermotti, Johann Scholtz, ”, Ermotti, Karin Keller, Suter Organizations: London CNN, UBS, Credit Suisse, Morningstar, Credit, bank’s Locations: Swiss, Zurich, Switzerland

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