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And the Club holding should continue to benefit from Intel's woes, including the leadership transition, Jim Cramer said Monday. "It will not help Intel," Jim said. For its part, AMD's nascent AI business is gaining traction, even if it's still dwarfed in size by Nvidia. AMD is "winning big business," Jim said. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: Pat Gelsinger, Lisa Su, Jim Cramer, David Zinsner, MJ, Jim, Gelsinger, Su, Ben Reitzes, Reitzes, It's, Jim Cramer's, David Paul Morris, Getty Images David Paul Morris Organizations: Intel, Devices, AMD, Morning, CNBC, Nvidia, Club, Wall, Devices Inc, Bloomberg, Getty Images, Getty Locations: Silicon Valley, San Jose , California
The U.S. Transportation Department announced a $50 million fine Wednesday against American Airlines over allegations it mistreated passengers with disabilities, which the department said in some cases caused injuries. “They repeatedly failed to provide prompt wheelchair assistance, and they damaged thousands of passengers’ wheelchairs, which left passengers without the device they need to live their life fully,” he said. American Airlines may not be alone in violations of laws that protect travelers with disabilities. Buttigieg said there are investigations into other airlines, although he said that “American Airlines appear to be one of the worst offenders.”“The problems that we have uncovered in our investigation are not confined to one airline,” Buttigieg said. American said last year that it transported more than 146,000 wheelchairs and other mobility devices.
Persons: Pete Buttigieg, ” Buttigieg, , , Julie Rath, Buttigieg Organizations: U.S . Transportation Department, American Airlines, Transportation, Transportation Department, Airlines, Bureau of Transportation Statistics Locations: Delta, Southwest
In 2023, it announced it would be expanding to Kenya, with a rollout of 1.2 million electric vehicles. Around the world, transport startups are embracing electric vehicles, and those in Africa are no different. In 2023, it announced it would be expanding to Kenya, with a rollout of 1.2 million electric vehicles. Uncover , a Kenyan skincare brand, says it wants to fill this gap by providing healthy cosmetics that put African women first. ‘‘We want to be the Airbnb of vehicle rentals in Africa and ultimately the world,” Arinze says.
Persons: Chinazom Arinze, ” Arinze, , Spiro, Clement Di Roma, Simon Maina, Prince William’s, James Oatway, there's, Edwin Maina, Arinze, , Autogirl, hasn’t, she’s, , , Airbnb, Organizations: CNN, Babcock University, Getty, Reeddi Technologies, The Royal Academy of Engineering, Kenyan, Hertz, Hyundai, Lexus Locations: Nigeria, Benin, Kenya, Africa, AFP, China, Cameroon, Rwanda, Ghana
Both the iPhone 16 and the iPhone 16 Pro will be available for pre-order on Friday and in stores on September 20, Apple announced. They’re also available in two sizes: 6.1 inches for the iPhone 16 and 6.7 inches for iPhone 16 Plus. IPhone 16 ProThe new iPhone 16 Pro. From AppleThe iPhone 16 Pro, Apple’s higher-end iPhone, features even more AI features than the iPhone 16. Price: The new Apple iPhone 16 Pro will cost $999 and the iPhone 16 Pro Max will be $1,199, the company announced Monday.
Persons: Dan Ives, Wedbush, haven’t, Apple, ” Craig Federighi, Siri, Erica, ultramarine, Max, AirPods Organizations: CNN, Apple, Apple Watch, Apple Apple, Apple Intelligence, Pro, US Food and Drug Administration, Apple Watch Apple
The stock climbed as much as 2.24% on Friday morning, trading at a high of 86,500 Korean won ($62.73), according to LSEG data. The expected operating profit beat a LSEG estimate of 8.51 trillion won. The firm also said it expects revenue for the second quarter to be between 73 trillion to 75 trillion won, from 60.01 trillion won a year ago. This is in line with the 73.7 trillion won estimated by LSEG analysts. The South Korean electronics giant saw record losses in 2023 as the industry reeled from a post-Covid slump in demand for memory chips and electronics.
Persons: Joan Cros Organizations: Samsung, Mobile, Getty, Samsung Electronics, South, LSEG, Business Locations: Barcelona, Spain, Korean
This start-up is making artificial hair from bananas
  + stars: | 2024-06-07 | by ( Leah Collins | ) edition.cnn.com   time to read: +8 min
Some people complain that synthetic hair can irritate their scalp and a study of synthetic hair in Nigeria found the presence of potentially harmful heavy metals and chemicals. We want to empower women to make informed decisions about what hair they use and what’s best for them.”Tumusiime says that, unlike synthetic hair, her product is biodegradable, durable and can be easily styled, treated and colored. Since it’s made from discarded banana stems, she adds, it’s also a way to help curb that waste. In the US, St.Louis-based Rebundle also sells hair extensions made from banana fibers, while Nourie Hair offers a hair alternative for braiding made from Ginseng root extract and rosemary. But synthetic hair can be bought for as little as $1 for a bundle.
Persons: Juliet Tumusiime, Tumusiime, Cheveux, ” Tumusiime, it’s, Spiro, Clement Di Roma, Simon Maina, Prince William’s, James Oatway, there's, Edwin Maina, Cheveux Brown, Juliet, Cheveux Organique, , I’m, Organizations: CNN, USAID, Research, Getty, Reeddi Technologies, The Royal Academy of Engineering, Kenyan, Economic Locations: Africa, Uganda, Nigeria, Benin, Kenya, AFP, China, Cameroon, Rwanda, France
Advanced Micro Devices Inc. unveiled new so-called accelerator chips that it said will be able to run artificial intelligence software faster than rival products. Photographer: David Paul Morris/Bloomberg via Getty ImagesAMD on Monday announced new artificial intelligence chips as it seeks to establish itself as a leader amid competition with the likes of Nvidia and Intel . During a keynote address, Su unveiled the Ryzen AI 300 series for next-generation AI laptops. And in partnership with Microsoft , these chips will power laptops equipped with the tech giant's AI chatbot Copilot. This comes less than two months after AMD's April announcement of new processors that can run AI workloads – the Ryzen Pro 8040 for laptops and the Ryzen Pro 8000 for desktops.
Persons: Lisa Su, David Paul Morris, Su, chatbot, workloads Organizations: Devices Inc, AMD, Bloomberg, Getty, Monday, Nvidia, Intel, Qualcomm, Microsoft Locations: San Jose , California, Taipei
Learn moreAhead of Mother's Day weekend, Amazon is offering several great discounts to make shopping easier. With that in mind, we've gathered some of the best Amazon deals we've found for this weekend. Keep scrolling to find more of our favorite deals Amazon is offering right now. Amazon sale quicklinks Amazon Devices : Get up to 50% off Amazon Devices including Echo, Kindle, and Fire TV: Get up to 50% off Amazon Devices including Echo, Kindle, and Fire TV Beauty : Save on Aveeno, Neutrogena, Clean & Clear, and more. Shop at AmazonThis is just a small sample of this weekend's top Amazon sale picks.
Persons: we've, Max Organizations: Business, Foundation, Devices, Amazon Devices, Logitech, Apple, Amazon Beats, Pro, Applecare
Samsung Electronics Co. Galaxy S24 smartphones during a media preview event in Seoul, South Korea, on Monday, Jan. 15, 2024. Here are Samsung's first-quarter results versus LSEG estimates: Revenue: 71.92 trillion Korean won (about $52.3 billion), vs. 71.04 trillion Korean won71.92 trillion Korean won (about $52.3 billion), vs. 71.04 trillion Korean won Operating profit: 6.61 trillion Korean won, vs. 5.94 trillion Korean won Samsung's revenue for the quarter ending March jumped 12.81% from a year ago, while operating profit soared 932.8% in the same period. The figures were in line with the company's guidance earlier this month, where Samsung said operating profit in the January-March quarter likely rose to 6.6 trillion Korean won, up 931% from a year ago. The South Korean electronics giant saw record losses in 2023 as the industry reeled from a post-Covid slump in demand. Operating profit increased to KRW 6.61 trillion as the Memory Business returned to profit by addressing demand for high value-added products," Samsung Electronics said in a statement on Tuesday.
Persons: SeongJoon Cho, SK Kim, Kim, TSMC, Biden Organizations: Samsung Electronics Co, Samsung, Bloomberg, Getty, Samsung Electronics, Memory Business, SK, Daiwa, CNBC, Micron, Citi, , Japan's Rapidus Corporation Locations: Seoul, South Korea, Korean, Taiwan, Texas, U.S, Asia
Rick Osterloh, Google's senior vice president, Devices & Services, speaks during a product launch event for the Google Pixel 8, and Pixel 8 pro phones, Pixel Watch 2, and Pixel Buds Pro earbuds, in New York on October 4, 2023. Google announced Wednesday that it will make several of its photo-editing tools powered by generative artificial intelligence free to all users of Google Photos. The Google Photos AI features include Magic Eraser, which removes unwanted objects from photos; Photo Unblur, which sharpens out-of-focus images; and Portrait Light, which can rebalance a photo's lighting. As part of next month's roll-out, Google is also broadening access to its Magic Editor feature to all Pixel devices. All Google Photos users on Android and iOS will receive 10 Magic Editor photo saves per month, according to the announcement.
Persons: Rick Osterloh, Google's Organizations: Devices & Services, Google Locations: New York
Read previewAn employee working on a Royal Caribbean cruise ship has been arrested on suspicion of placing secret cameras inside passengers' bathrooms and filming them without their knowledge. According to the affidavit, Mirasol admitted to hiding video cameras in passengers' bathrooms and told investigators that he would masturbate while watching the videos. The start of the footage "clearly" shows Mirasol placing the camera in the bathroom, according to the affidavit. Mirasol told agents that he had been placing cameras in passengers' bathrooms since he started working on the Symphony of the Seas in December, per the affidavit. Advertisement"We have zero tolerance for this unacceptable behavior," a Royal Caribbean spokesperson told NBC News.
Persons: , Arvin Joseph Mirasol, Mirasol Organizations: Service, Royal, Homeland Security Investigations, Immigration, Customs, Business, Agents, Court, Southern, Southern District of, NBC Locations: Royal Caribbean, Port Everglades , Florida, voyeurism, Broward County, Florida, Southern District, Southern District of Florida
What to know about human brain implants
  + stars: | 2024-01-30 | by ( Jen Christensen | ) edition.cnn.com   time to read: +4 min
Here’s what to know about brain implants. What is a human brain implant? Doctors implant these kinds of devices on the surface of the brain or deep with in it. Neuralink’s equipment is about the size of a coin; Synchron’s is a small stent-like device that goes into the blood vessels in the brain. In 2021, Neuralink demonstrated how this worked with a monkey named Pager, who had two of these wireless devices implanted into its brain.
Persons: CNN —, Synchron, won’t, we’ve, , Paul Nuyujukian, Neuralink, ” Nuyujukian, Dr, Sanjay Gupta, Organizations: CNN, CNN — Elon, Stanford University, CNN Health, US Food and Drug Administration
Samsung teased a new smart ring called the Galaxy Ring on Wednesday. It's called the "Galaxy Ring" and the company is billing it as a "powerful and accessible health and wellness device." Samsung's new Galaxy Ring will be a health and wellness device for tracking metrics like sleep. And this might not be great news for Oura — Silicon Valley's favorite smart ring manufacturer. You can watch Samsung's big reveal of the Galaxy Ring around the 1:11:00 mark in the video below.
Persons: It's, , Dr, Matthew Wiggins Organizations: Samsung, Service
Nov 28 (Reuters) - Spending online on Cyber Monday is set to exceed $12 billion, a record, as bargain hunters snap up deals on items including Barbie dolls, Lego sets, headphones and smart watches, according to preliminary estimates from Adobe Digital Insights. The estimate projects U.S. shoppers will spend $12 billion-$12.4 billion on Cyber Monday, the biggest U.S. online shopping day. At the top end, this would represent an 9.7% increase compared to the $11.3 billion spent on Cyber Monday last year. Walmart, eager to capture market share, slashed prices on Sunday night, joining the trend of retailers' early discounts on major shopping days. On Monday, Walmart stepped up discounts on some clothing to 60%, up from the 50% it offered on Black Friday.
Persons: Barbie, Nancy Tengler, Eduardo Munoz, Matthew Katz, Charles Sizemore, Sizemore, Siddharth Cavale, Deborah Sophia, Aishwarya Venogupal, Ananya Mariam Rajesh, David Gregorio, Nick Zieminski, Matthew Lewis, Lincoln Organizations: Adobe Digital, Retailers, Adobe Analytics, Investments, Shoppers, Workers, REUTERS, SSA & Company, Walmart, Sizemore Capital Management, Target, Graphics, Insider Intelligence, Thomson Locations: Scottsdale , Arizona, United States, Robbinsville Township, New Jersey, U.S, New York, Bengaluru
Spending online on Cyber Monday is set to reach as much as $12.4 billion, according to Adobe Digital Insights, which tracks data through Adobe's Experience Cloud service for e-commerce platforms. Last-minute shoppers on Monday could spend $4 billion between 6 p.m. and 11 p.m. EST alone, it said. Other firms use different measurements to gauge purchases on Cyber Monday, the biggest online shopping day of the year in the United States. Salesforce, which tracks data flowing through its Commerce Cloud e-commerce service, said online sales on Cyber Monday were up by 4% by 4 p.m. EST, hitting $7 billion by late afternoon. Walmart, eager to capture market share, slashed prices on Sunday night, joining the trend of retailers' early discounts on major shopping days.
Persons: Salesforce, Eduardo Munoz, Brian Yacktman, Charles Sizemore, Sizemore, Siddharth Cavale, Deborah Sophia, Aishwarya Venogupal, Ananya Mariam Rajesh, David Gregorio, Nick Zieminski, Matthew Lewis Organizations: Adobe Digital, Adobe, Commerce, Shoppers, Workers, REUTERS, YCG Investments, Nike, Black, Sizemore Capital Management, Walmart, Amazon, Graphics, Insider Intelligence, Thomson Locations: United States, Robbinsville Township, New Jersey, U.S, New York, Bengaluru
Deal-hunters fuel $12 billion Cyber Monday shopping spree
  + stars: | 2023-11-27 | by ( ) www.reuters.com   time to read: +4 min
REUTERS/Eduardo Munoz Acquire Licensing RightsNov 27 (Reuters) - After a busy holiday shopping weekend, discount seekers are expected to spend between a record $12 billion and $12.4 billion on beauty products, electronics, toys and apparel on Cyber Monday, according to Adobe Analytics. Heavy online traffic and transactions could add up to a boost in sales by U.S. shoppers of 5.4% or more, according to Adobe. Shoppers spent $10.3 billion in the weekend leading up to Cyber Monday, up 7.7% from last year as retailers offered more discounts compared to last year. More merchandise was being discounted in the weekend leading up to Cyber Monday, according to a report from LSEG. Walmart (WMT.N) , eager to capture market share, slashed prices on Sunday night, joining the trend of retailers' early discounts on major shopping days.
Persons: Eduardo Munoz, Vivek Pandya, Pandya, TJ Maxx, Jharonne Martis, LSEG, Rob Garf, Garf, Vanessa O'Connell, Deborah Sophia, Arriana, David Gregorio, Nick Zieminski Organizations: Workers, REUTERS, Adobe Analytics, U.S, Adobe, Shoppers, Adobe Digital, Walmart, Reuters, Costco, Commerce, Insider Intelligence, Thomson Locations: Robbinsville Township, New Jersey, U.S, Salesforce, Ross
Price-sensitive US shoppers nab early 'Cyber Monday' deals
  + stars: | 2023-11-27 | by ( ) www.reuters.com   time to read: +3 min
[1/3] Workers select and pack items during Cyber Monday at the Amazon fulfilment center in Robbinsville Township in New Jersey, U.S., November 28, 2022. Heavy online traffic and transactions could add up to a record $12 billion outlay by U.S. shoppers on Cyber Monday, according to Adobe Analytics. "You have consumers out there who are very price-sensitive and conscientious, and who want to make sure they get the very best possible deal." Walmart (WMT.N) , eager to capture market share, slashed prices on Sunday night, joining the trend of retailers' early discounts on major shopping days. Last-minute shoppers on Monday could spend $4 billion between 6 p.m. and 11 p.m.
Persons: Eduardo Munoz, Vivek Pandya, Pandya, Rob Garf, Garf, Vanessa O'Connell, David Gregorio Our Organizations: Workers, REUTERS, Adobe Analytics, Adobe Digital, Walmart, Adobe, Commerce, Thomson Locations: Robbinsville Township, New Jersey, U.S, Salesforce
WASHINGTON, Nov 14 (Reuters) - The U.S. International Trade Commission voted to begin a Section 337 investigation of electronic devices including mobile phones, tablets, laptops and components, according to a statement. USITC identified Motorola Mobility LLC, Lenovo Inc., Lenovo Group Limited, Lenovo Beijing Co as among the respondents. It said the investigation was based on a complaint filed by Ericsson AB and Telefonaktiebolaget LM Ericsson of Stockholm. Reporting by Doina ChiacuOur Standards: The Thomson Reuters Trust Principles.
Persons: Telefonaktiebolaget LM, Doina Organizations: U.S . International Trade Commission, Motorola Mobility, Lenovo Inc, Lenovo Group Limited, Lenovo Beijing, Ericsson AB, Telefonaktiebolaget, Telefonaktiebolaget LM Ericsson of Stockholm, Thomson
Rene Haas, CEO of semiconductor company Arm, told CNBC's Jim Cramer on Wednesday that the company has moved beyond its beginnings, where it was primarily known for designing technology used in smartphones. Arm designs graphics chips and licenses them to companies, collecting royalties to earn much of its revenue. Haas said 70% of the world's population touches Arm in some way, with its technology present in many widely-used devices including electric cars, digital TVs and smart locks. On Wednesday, the chip designer released its first quarterly report since its IPO, reporting revenue that beat Wall Street's expectations. "The experience you get on these PCs — great performance, low battery life — again, that's what we're really good at," he said.
Persons: Rene Haas, CNBC's Jim Cramer, Haas, Organizations: Apple, Google, Amazon Web Services
Two of the semiconductor stocks that reported this week saw some big post-earnings moves and substantially above-average options trading activity. Among the biggest winners were Wolfspeed Inc. (WOLF) and Advanced Micro Devices Inc. (AMD) . AMD WOLF 5D mountain AMD vs Wolfspeed, 5 days Are options markets aligned with these spikes or fading them using them as opportunities to initiate new bearish positions? Betting against Wolfspeed Wolfspeed popped sharply after a modest topline beat. Betting on AMD Unlike WOLF, AMD was up over 50% year-to-date going into the print so the pop wasn't a short-covering rally.
Persons: Wolfspeed, Roth MKM, Canaccord Genuity, Morgan Stanley Organizations: Wolfspeed Inc, Devices Inc, AMD, Carbide, JPMorgan, Citi, Deutsche Bank, WOLF, Management, Nvidia, supercomputing
REUTERS/Florence Lo/Illustration/File Photo Acquire Licensing RightsNov 1 (Reuters) - Shares of Advanced Micro Devices (AMD.O) jumped 8% on Wednesday, after an upbeat AI chip sales forecast signaled the company was making progress in its bid to catch up with market leader Nvidia (NVDA.O). The optimism over AI chip sales helped ease worries about a disappointing fourth-quarter forecast and put it on course for market value gains of nearly $13 billion, based on the $106.41 share price. CEO Lisa Su on Tuesday provided a 2024 sales forecast for the first time for the MI300 chips, designed to compete against the advanced H100 chips sold by Nvidia. That would make the MI300 the fastest product to ramp to $1 billion in sales in AMD's history. The CEO also said the MI300 chips had won commitments from "multiple, large hyperscale customers", a term that refers to large tech and cloud computing companies.
Persons: Florence Lo, Lisa Su, TD Cowen, Morningstar, Brian Colello, Samrhitha, Sriraj Organizations: Devices Inc, REUTERS, Micro Devices, Nvidia, Thomson Locations: Bengaluru
AMD stock spiked more than 8% Wednesday, a day after the company beat top and bottom-line earnings estimates and gave a promising 2024 forecast for its AI chip business. The chipmaker posted an earnings per share of 70 cents, adjusted, narrowly beating the LSEG, formerly Refinitiv, estimate of 68 cents per share. Wall Street analysts like AMD's prospects in the AI market, which is currently dominated by Nvidia . Still, AMD is one of only a handful of companies capable of making high-powered graphics processing units (GPUs) that power AI models. Analysts at Raymond James lowered their price target from $145 to $125 but kept AMD as a "strong buy" largely due to its AI business.
Persons: Lisa Su, Raymond James, Jeffries, CNBC's Kif Leswing, Michael Bloom Organizations: Devices Inc, AMD, Revenue, Wall Street, Nvidia, Bank of America Locations: San Francisco , California, U.S, Q4E, CY24E, 1Q24
Philips raises full-year outlook as Q3 profit jumps
  + stars: | 2023-10-23 | by ( ) www.cnbc.com   time to read: +1 min
Dutch health technology company Philips on Monday raised its full-year outlook as it beat analysts' expectations for third-quarter core profit and comparable sales. Core profit more than doubled to 457 million euros ($483.3 million), while comparable sales were up 11% at 4.5 billion euros as demand for its medical scanners, patient monitoring equipment and personal health devices increased. Despite the drop in orders, Philips said it now expected 6% to 7% comparable sales growth over 2023, with a profit margin (adjusted EBITA) of 10%-11%. Its previous outlook guided for mid-single digit sales growth with a high single digit profit margin. Analysts in a company-compiled poll had predicted adjusted July-September earnings before interest, taxes and amortisation would rise to 389 million euros from 209 million euros a year before, on 8% comparable sales growth.
Persons: Roy Jakobs, Philips Organizations: Philips, Reuters Locations: China
37 people joined a class action lawsuit against Apple over stalkers using AirTags to track them. The lawsuit, filed last year by two women, claimed Apple AirTags had been used by stalkers to track the location of their victims. "One of the most dangerous and frightening technologies employed by stalkers is the use of real-time location information to track victims," the lawsuit says. Others have also used AirTags to plot car thefts. The lawsuit claims that "individuals have been murdered — or murdered others — when using AirTags to track stolen property and confront thieves."
Persons: , they've, Apple AirTags, Lauren Hughes, stalkers, carjackers, AirTags, Apple, There's, KGET Organizations: Apple, Service, CBS, York Regional Police Locations: Texas, New York City, California, Indiana, USA
Jerusalem CNN —Two Palestinian men were killed in the early hours of Sunday during an incursion by the Israel Defense Forces (IDF) in the Nur Shams refugee camp near Tulkarem in the occupied West Bank, Palestinian officials said. He said it was the third Israeli raid on the camp this year, damaging electricity and water services. Videos obtained by CNN shared by residents of the camp showed military vehicles entering the camp, where at least one was hit by an IED. Israel raided the camp earlier in September, leaving a Palestinian man killed and another two injured. A general strike has been announced in the camp and Tulkarem.
Persons: Farhan Abu Ali, Abd al, Rahman Suleiman Abu Daghash, Abu Daghash, Taha al, Irani, WAFA, , Najeeb, Israel Organizations: Jerusalem CNN, Israel Defense Forces, West Bank, Palestinian Ministry of Health, IDF, CNN, UN Locations: Jerusalem, Nur, Tulkarem, Palestinian
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