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☆ I tested Uber's new $18 airport shuttle service in New York City, and it's a game changer
▼ + stars: | 2024-10-15 | by ( Priyanka Rajput | ) www.businessinsider.com time to read: +3 min

Uber launched an $18 shuttle service from Midtown Manhattan to LaGuardia Airport. I tried the service to and from the airport and have already reserved my next ride for Thanksgiving. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Last week, Uber announced the launch of a new $18 shuttle service from three Manhattan locations to LaGuardia Airport and back starting October 8. To test the new service, I took a shuttle from Penn Station to LaGuardia's Terminal C and returned from the airport to Port Authority.

Persons: Uber, —, who've, Camiel Irving, Uber's Organizations: LaGuardia Airport, Service, Port Authority of New, Future Market, Wall, Penn Station, Port Authority Locations: Midtown Manhattan, New York City, LaGuardia, Manhattan, Port Authority of New York, New Jersey, Queens, Canada, Port

☆ Why it’s OK to crave the taste of home when you travel
▼ + stars: | 2024-10-10 | by ( Maggie Hiufu Wong | ) edition.cnn.com time to read: +12 min

Enter, the American Bar. But, like the patrons of the American Bar before us, seeking out home comforts when abroad is still something we all do. The study was based on interviews with 330 people in the US, all questioned on how likely they’d be to try local foods when traveling. We learn to associate food with comfort – hence the term ‘comfort food,’” Brewer says. The American Bar at the Savoy has been a London hotspot since the late 1800s.

Persons: Richard D’Oyly Carte, Ernest Hemingway, Marilyn Monroe, “, ”, Andrea Di Chiara, couldn’t, Coke, Maggie Wong, Angel Gonzalez, ” Gonzalez, Judson Brewer, Brewer, Richard A, Brooks, ’ ” Brewer, Bridget Jones, Jungfraujoch, Kathrin Naegeli, Gonzalez, JACK HARDY, tellingly, Gerald Quadros, there’s, ” Brewer, we’re, ‘ I’d, ’ Organizations: CNN, American Bar, American, Future Market, Yorkshire teabags, California State University, Monterey Bay, Brown University, Getty, Jungfrau Railways, Noodle, Savoy, Langham Hotel, Random Locations: United States, Savoy, London, Hong Kong, Paris, Monterey, AFP, Europe, Swiss, Zurich, Denbighshire, Italy

☆ What Warren Buffett's recent moves say – and don’t say – about today’s market
▼ + stars: | 2024-09-21 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

And so it is with Warren Buffett's Berkshire Hathaway slashing its holdings in Apple and Bank of America in recent months. Buffett himself has indicated in recent years that he doesn't see an abundance of compelling value on offer in the public markets. But this in itself isn't much of a clue about future market prospects or the macroeconomic moment. Borgato says he believes "Buffett wants to leave a Berkshire behind that requires [fewer] future cash allocation decisions, not more." I'm not a buyer of the "cash on the sidelines" case for expecting money market assets to drain into stocks.

Persons: –, Warren Buffett's Berkshire Hathaway, Buffett, Ed Borgato, it's, pare Berkshire's, Greg Abel, Berkshire Hathaway, BRK.B QUAL, Ajit Jain, Trump, Borgato, Jared Woodard Organizations: Apple, Bank of America, Bank of, Buffett, Berkshire, Berkshire Hathaway, Washington Locations: Berkshire's, Berkshire, Apple, –

☆ Why a top analyst just raised his year-end S&P 500 price target to the highest on Wall Street
▼ + stars: | 2024-09-20 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

BMO's Brian Belski raised his S&P 500 price target to 6,100, signaling 7% upside by year-end. In a note on Thursday, Belski raised his S&P 500 price target for 2024 to 6,100, representing potential upside of 7% over the next three months. Belski's prior 2024 price target for the S&P 500 was 5,600. AdvertisementBelski also finds it encouraging that recent stock market gains have not been concentrated in just the mega-cap technology stocks. AdvertisementBased on Belski's 6,100 price target, that implies a price-to-earnings ratio of 24.4x, which is above historical averages.

Persons: Brian Belski, —, Belski, Belski's Organizations: Service, BMO, Wall, Federal, Fed

☆ Jamie Dimon says he's skeptical inflation will hit the Fed's 2% goal
▼ + stars: | 2024-08-08 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +3 min

Read previewJPMorgan chief Jamie Dimon is still predicting a recession. "I'm fairly optimistic that if we have a mild recession, even a harder one, we will be OK," Dimon told the outlet. This week, Dimon also told CNBC that he's skeptical the Fed will reach its goal of achieving maximum employment while returning inflation to a rate of 2% over the long run. Advertisement"They haven't really happened yet, but they are going to happen, and they're not deflationary," Dimon told the outlet of the potential market influences. Related storiesBut ultimately, Dimon said he doesn't think the rate effect itself is all that important.

Persons: —, Jamie Dimon, Dimon Organizations: Service, CNBC, Business, Swiss, JPMorgan

☆ Chipotle's latest marketing campaign shows how restaurants are getting creative to win your lunch break
▼ + stars: | 2024-06-21 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at Chipotle's newest pitch in the big business that is winning your lunch break. Market research firm Future Markets Insights pegged the lunch takeout market at $215.3 billion in 2022 . Chipotle's latest marketing campaign shows how creative restaurants are getting to nab your lunch order. Bitcoin's cooldown might be a warning for the stock market. A Stifel strategist predicted a late-summer stock market decline based on bitcoin's 10% sell-off in the past few weeks.

Persons: —, Chelsea Jia Feng, Keith Lee, Alyssa Powell, haven't, Taco Bell, Tim Hortons, Burger King, sarayut Thaneerat, Tyler Le, Ken Griffin, Bitcoin's, isn't, That's, Jensen Huang's, Satya Nadella's, Marc Piasecki, Elon Musk, They're, Alfie, Alfie Health, Donald Trump, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Annie Smith, Amanda Yen Organizations: Service, Business, nab, bros, Chipotle, Getty, Brands, KFC, Taco, BI Citadel, Sunshine State, Congressional, Nasdaq, Apple, Apple Intelligence, Nvidia, Microsoft, Amazon, Elon Locations: Cava, Illinois, Florida, China, New York, London

The earnings season is winding down, but there are some names slated to report that could see big moves — in either direction. Already, more than 80% of companies in the S & P 500 have already posted quarterly results this earnings season as of Monday morning. Against that backdrop, CNBC Pro screened for names reporting this week — with market caps of $1 billion or more — that could experience sharp up- or downside moves, based on trading activity in the options market. Here are the names that made the list: Upstart Holdings is the reporter this week that could be in for the biggest move at nearly 19%. Rideshare stock Lyft also made the list.

Persons: Uber, America's Mihir Bhatia, Bhatia, Lyft, LSEG, Jefferies, John Colantuoni, Colantuoni, Bank of America's Jessica Reif Ehrlich, Ehrlich, WBD Organizations: Disney, CNBC Pro, Holdings, LSEG, Bank, America's, Warner Bros, Bank of America's Locations: California

☆ Demand for riskier adjustable-rate mortgages hits highest level of the year, due to rising rates
▼ + stars: | 2024-05-01 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

When mortgage rates rise, consumers look for any way to lower their monthly payments, and that often leads them to adjustable-rate mortgages (ARMs). These loans offer lower interest rates than their fixed-rate counterparts but are considered riskier. When mortgage rates hit record lows back in 2021, the ARM share of applications was in the 3% range. Meanwhile, the average contract interest rate for 5/1 ARMs decreased to 6.60% from 6.64%. "Inflation remains stubbornly high, and this trend is convincing markets that rates, including mortgage rates, are going to stay higher for longer.

Persons: Mike Fratantoni Organizations: Mortgage, Association, ARM, MBA's, Federal Reserve Locations: Hawthorn Woods , Illinois

☆ Hot inflation and high estimates could ruin the Q1 earnings season. Why investment chiefs are increasingly worried — and the bull case that profits are still underestimated.
▼ + stars: | 2024-04-12 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

Without strong profit progress in the Q1 earnings season starting in mid-April, US stocks may surrender their 8.2% year-to-date gain. Loftier estimates, top-heavy earnings are reasons for worryFirms have a rather low bar to clear in the upcoming earnings season, as is often the case. The market's largest companies are disproportionately driving earnings growth in addition to stock returns, Goldman Sachs found. The Q1 earnings season begins in earnest on Friday as big banks share results. Early reporters have beaten earnings estimates by 13.5%, Golub wrote, which he added is more than double the typical rate.

Persons: Richard Saperstein, James Ragan, David Kostin, Goldman Sachs, Kostin, Anthony Saglimbene, Ameriprise, we're, Saglimbene, Arun Bharath, Bharath, Jonathan Golub, Golub, they're Organizations: Federal Reserve, Business, Treasury Partners, DA Davidson, Nvidia, Big Tech, Bel Air Investment Advisors, UBS, Institute for Supply Management Locations: America

☆ Oracle's Larry Ellison thinks every government will want to build a 'sovereign' AI cloud in the future
▼ + stars: | 2024-04-07 | by ( Michelle Castillo | ) www.cnbc.com time to read: +8 min

Oracle, which works with Nvidia and Microsoft on generative AI capabilities, has already helped use cloud tech to cut red tape for countries. For the first time, we're beginning to win business for countries," Ellison said. Countries including Serbia are standardizing on Oracle Cloud Infrastructure and using generative AI for processes like automating health care. Cloud and generative AI applications allowing countries to give rural areas internet access could increase educational opportunities and create more economic value. "There's the 'Black Mirror' bad side of it: Big Brother, data wars, AI warfare and all that stuff," Garder said.

Persons: Raimo Lenschow, Ellison, Oracle's Larry Ellison, it's, Elon Musk's, you've, we've, Dan Gardner, Tapan Parikh, Parikh, Garder, Gardner, Simone Bohnenberger, It's, Bohnenberger, there's Organizations: Oracle, Barclays, EU, Nvidia, Microsoft, European, Amazon, Department of Defense, Google, Infrastructure, Oracle Cloud Infrastructure, Cornell University, U.S Locations: Serbia, Albania, European Union, Kenya, Rwanda, U.S, China, TikTok

☆ A 32-year market vet warns the S&P 500 is set to fall 50%-70% in the years ahead with valuations at historic highs — and says that an imminently weakening labor market will be the catalyst for the cra
▼ + stars: | 2024-03-30 | by ( William Edwards | ) www.businessinsider.com time to read: +6 min

According to Bank of America, valuation levels explain 80% of the market's return over a 10-year period. Bank of AmericaThere are many ways to measure valuation levels in the overall market. Hussman says it's the most accurate indicator of future market returns that he's found. AdvertisementThe Conference BoardThird, the number of US states with a rising unemployment rate is spiking, meaning that the overall unemployment rate should see further upside. BullAndBearProfits.comThe US unemployment rate is already on a slight uptrend, having climbed from 3.4% in April 2023 to 3.9% as of February.

Persons: —, Jon Wolfenbarger, Merrill Lynch, John Hussman's, he's, Warren Buffett, Wolfenbarger, Stocks, Woflenbarger, Cam Harvey, Claudia Sahm, Louis Fed, Jeremy Grantham, John Hussman, David Rosenberg, Goldman Sachs, David Kostin, America's Savita Subramanian, Ian Shepherdson, Shepherdson Organizations: Service, Bank of America, Business, JPMorgan, National Federation of Independent Business, Board, Treasury, Bank, America's

☆ Fewer stocks are participating in this rally. History shows that bodes ill for future returns
▼ + stars: | 2024-02-08 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Despite the broad index continuing to move higher, the share of S & P 500 stocks above their 50-day moving average has fallen below 60%. That's a less-than-ideal sign, given the historical correlation between the percentage of stocks above the moving average and the S & P 500's performance one year later. The 50-day moving average finds the mean of the 50 most recent closing prices of a stock at any given point. Bespoke analyzed future returns for the S & P 500 every time it traded within 1% of a 52-week high going back to 1990. The S & P gains just around 6% on average, and is positive less than 65% of the time.

Persons: you'd Organizations: Investment, Nvidia, Microsoft

☆ How to select a personal trainer (and why it’s worth it)
▼ + stars: | 2024-01-30 | by ( Melanie Radzicki Mcmanus | ) edition.cnn.com time to read: +7 min

The global personal fitness trainer market was worth about $41.8 billion in 2023, and market research firm Future Market Insights predicts it will soar to $65.5 billion by 2033. A growing body of research also suggests working out with a personal trainer has a variety of benefits. The two biggest benefits from hiring a personal trainer, though, whether you’re an exercise newbie or a pro, are accountability and motivation, said Mary Wing, a certified personal trainer and performance coach with the fitness app Future. There are trainers who specialize in training older people or those with medical issues, says certified personal trainer Allan Misner. In the end, though, hiring a personal trainer can be a safe and effective way to achieve a healthier life, which is the main goal.

Persons: —, Mary Wing, ”, Allan Misner, It’s, they’ve, ” You’ll, “, Wing, Misner, it’s, ” Misner, ” Melanie Radzicki McManus Organizations: CNN’s, CNN, US Bureau of Labor Statistics, Research, Gerontology, Geriatric, National Academy of Sports Medicine, American College of Sports Medicine, American, ”, “ Locations: United States, Sanford , North Carolina, Bocas del Toro , Panama

The United States will work with other governments to speed up efforts to make nuclear fusion a new source of carbon-free energy, U.S. Kerry spoke at the Atlantic Council Global Energy Forum. In southern France, 35 nations are collaborating on an experimental machine to harness fusion energy, the International Thermonuclear Experimental Reactor, to prove the feasibility of fusion as a large-scale, carbon-free source of energy. The global nuclear industry launched an initiative at COP28 for nations to pledge to triple this kind of nuclear energy by 2050. Commonwealth Fusion was founded in 2018 by researchers and students from the Massachusetts Institute of Technology Plasma Science and Fusion Center.

Persons: John Kerry, ” Kerry, Kerry, Andrew Holland, Dennis Whyte, Whyte, Edwin Lyman, Lyman, Bob Mumgaard, Mumgaard, it's Organizations: Climate, Atlantic Council Global Energy Forum, United Kingdom, United States, International, Reactor, Fusion Industry Association, Dubai, Commonwealth Fusion Systems, United, United Arab Emirates, Fusion, Lawrence Livermore National Laboratory, Commonwealth Fusion, Massachusetts Institute of Technology Plasma Science, MIT, Commonwealth, Plasma Science, Fusion Center, Union of, Scientists, Washington, ARC, SPARC, AP Locations: States, U.S, Dubai, U.N, United States, France, Japan, Europe, China, Russia, Devens , Massachusetts, COP28, United Arab, Commonwealth, California

☆ Oil group OPEC and its allies delay policy-setting meeting by four days
▼ + stars: | 2023-11-22 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +4 min

Opec logo displayed on a smart phone with Opec seen in the background, in this photo illustration. It was not immediately clear whether the OPEC+ group would be holding a virtual or in-person meeting on Thursday, or whether ministers would still adjourn at the OPEC secretarial headquarters in Vienna. Earlier in the day, Bloomberg News issued a report saying the meeting of Sunday could be delayed amid Saudi dissatisfaction over the oil production levels of some countries. The upcoming meeting faced a challenging market environment, defined by depressed oil prices, a slower-than-expected Chinese demand recovery and petropolitics amid conflict in the Middle East. High interest rates and banking turmoil largely slumped oil prices in the first half of the year, before a sharp boost from several voluntary supply declines announced independently of OPEC+ strategy.

Persons: Jonathan Raa, Ice Brent, —, Abdulaziz bin Salman Organizations: Getty, of, Petroleum, Ice, OPEC Secretariat, Conference of, United, United Arab Emirates —, Bloomberg News Locations: Brussels, Belgium, OPEC, Vienna, Dubai, United Arab, Saudi, Saudi Arabia, Russia, China, Israel, Iran, Venezuela

Thursday's early calls featured a retail upgrade and an EV charging stock downgrade. The analyst reiterated his buy rating and $450 price target on the stock. Microsoft's AI cybersecurity solution Security Copilot, which was only recently expanded through an early access program on Oct. 19, already has tons of pent-up interest, Thill said. The firm downgraded shares from neutral to underperform and lowered its price target on the stock by $17 to $43. He gave the stock a $50 price target — $13 higher from the previous one — which implies 23.1% upside for shares since Wednesday's close.

Persons: Wells Fargo, Goldman Sachs, Kash Rangan, Rangan, Maia, Brent Thill, Thill, Vivek Arya, Arya, Raimo, Microsoft's, — Pia Singh, Elizabeth Suzuki, Vijay Rakesh, Rakesh, Vikram Bagri, Bagri, Fred Imbert, Edward Kelly, Kelly Organizations: CNBC, Citi, Microsoft's Ignite, Jefferies, Microsoft, Bank of America, Nvidia, Devices, Barclays, Advance, AAP, Mizuho, Intel, Mizuho Securities, Foundry, Foundry Services, Sapphire, Sierra, AMD, Wells Locations: Seattle, U.S, Wells Fargo, Wednesday's

☆ Op-ed: FTC's crackdown against Amazon is necessary for long-term innovation, startup investor argues
▼ + stars: | 2023-09-19 | by ( Bradley Tusk | ) www.cnbc.com time to read: +5 min

The howls will begin the minute the FTC's lawsuit against Amazon hits the clerk's desk. What you don't see on that list is anything that could attempt to compete with Amazon or Meta or Apple or Microsoft or Google . Whenever we look at a startup that would directly compete with a company like Amazon, the answer to the second question is always, "yes, definitely." I think Amazon is a great company. Luckily, as these earlier giants started to falter, companies like Apple and Microsoft took off, and companies like Google, Amazon and Meta came along.

Persons: Lina Khan, Khan, I'm, we're, Bernie Sanders, it's, there's, Bradley Tusk Organizations: Yale Law, Amazon, FTC, Tusk Venture Partners, Apple, Microsoft, IBM, GE, Google, Meta, Department of Justice Locations: Larchmont , New York, Alma, Manhattan

☆ The CNBC FA 100 ranking recognizes advisory firms that help clients navigate big financial decisions
▼ + stars: | 2023-09-12 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +3 min

Our mission is the primary driver behind the CNBC FA 100 list, now in its fifth year, which ranks the nation's top financial advisor firms. The CNBC FA 100 highlights firms that help clients navigate decisions beyond their investment portfolio. However, "it's that volatility where I think the value of a CFP professional or a professional advisor really makes a difference," he added. It's that volatility where I think the value of a CFP professional or a professional advisor really makes a difference. 10 questions to ask your next financial advisor

Persons: we're, what's, Kevin Keller, Goldman Sachs, there's Organizations: CNBC, AccuPoint Solutions, SEC, CFP, Federal Reserve Locations: Northwestern, U.S

☆ Here's how global trade will be key to unlocking the full potential of the green hydrogen market
▼ + stars: | 2023-08-29 | by ( Sponsor Post | Created Deloitte With Insider Studios | ) www.businessinsider.com time to read: +7 min

Inclusive, global trade is the keyFree trade can help lower the cost of energy transition. Deloitte's outlook showcases a steady hydrogen market growth, from $642 billion in annual revenue in 2030 to $1.4 trillion per year in 2050, in which green hydrogen comprises some 85% of the hydrogen market. Global trade between major regions can represent almost one-fifth of total clean hydrogen volume. The opportunity for developing economiesRegions with high renewable endowment and ample land availability could likely produce cost-competitive green hydrogen in quantities that exceed domestic needs. To find out more, read Deloitte's Green hydrogen: Energizing the path to net zero report.

Organizations: Government, Global, North, Deloitte Global, SAF, Deloitte Investments, Deloitte, Insider Studios, Deloitte Touche Tohmatsu Locations: North Africa, Australia, North America, East, South America, Africa, Japan, Korea, Europe, China, India, Middle East

☆ Equity risk premium is core to understanding long-term market returns, says NYU's Aswath Damodaran
▼ + stars: | 2023-08-11 | 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 EmailEquity risk premium is core to understanding long-term market returns, says NYU's Aswath DamodaranAswath Damodaran, professor of finance at NYU Stern School of Business, joins 'Squawk on the Street' to discuss why investors should pay closer attention to equity risk premiums, how equity risk premiums help gauge future market health, and more.

Persons: NYU's, Damodaran Organizations: Equity, NYU Stern School of Business

☆ A notorious market bear who called the 2000 and 2008 crashes says stocks face the same 3 negative conditions they did in November 2021— and warns the 25% drop that followed will prove to be a 'small o
▼ + stars: | 2023-07-29 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

John Hussman warns that valuations, investor sentiment, and market technicals are poor right now. A recipe for stock market disasterOn valuations, Hussman likes to compare total market cap of non-financial stocks to total revenue of non-financial stocks. His criteria for technical overextension include an S&P 500 14-day relative strength index above 70, at least a 4% rate-of-change for the S&P 500 in the last 14-day period, and the S&P 500 at least 4.5% above its 50-day average. The chart below shows advances and declines for the S&P 500 in the 40 trading sessions after these criteria have been met. Piper SandlerOutside of technicals, however, macroeconomic fundamentals will likely be a main driver of market returns in the months ahead.

Persons: John Hussman, Hussman, John Hussman —, —, there's, he's, they've, Michael Kantrowitz, Piper Sandler Organizations: Street, Reserve Locations: technicals

July 24 (Reuters) - Threads, Meta Platform's (META.O) broadside to Twitter, is seen by some advertisers as less contentious and more predictable than Elon Musk's platform, and analysts say it could lure away marketing budgets - eventually. But analysts have forecast lofty ad spending targets - with the caveat that they depend on whether users stick on. If the app manages to retain users, Threads could achieve $5 billion in annual ad revenue, equaling what Twitter earned in 2021, Bernstein said in a note on July 18. Morningstar analysts said on July 11 that Threads could add between $2 billion and $3 billion to Meta's revenue every year between 2024 and 2027. Evercore ISI analysts estimated on July 9 that Threads could generate $8 billion in annual revenue by 2025, a small portion of the $156 billion revenue analysts expect for Meta that year, according to Refinitiv.

Persons: Musk, Bernstein, Taylor Michelle Gerard, Matt Yanofsky, Meta, Andrew La Fond, Mark Zuckerberg, Zuckerberg, Liz Bartges, Akash Sriram, Samrhitha, Sheila Dang, Sayantani Ghosh, Rosalba O'Brien Organizations: Elon Musk's, Morningstar, Evercore, Meta, Facebook, Blue Hour, influencers, Twitter, Nike, Reuters, FerebeeLane, Thomson Locations: Bengaluru, Dallas

☆ The Ukrainians are begging Western countries for F-16s, but they've also got their eyes on an often overlooked Swedish jet
▼ + stars: | 2023-07-23 | by ( Constantine Atlamazoglou | ) www.businessinsider.com time to read: +6 min

Ukraine has repeatedly asked Western countries to give it F-16 fighter jets to take on Russia. To better fight the air war and support its ground forces, Ukraine has repeatedly asked Western countries for F-16 fighter jets, and those countries are moving toward supplying them. Matthew Horwood/Getty ImagesThe Gripen is well regarded by experts and may be uniquely suited for the war in Ukraine. That'll be great for future marketing of your aircraft,'" Alperovitch added. Of the six countries that fly the jet, only Sweden and the Czech Republic have backed Ukraine in the war.

Persons: Sweden's JAS, Dmitri Alperovitch, Alperovitch, Griffin, JAS, Matthew Horwood, Petr Josek PJ, That'll, Czech JAS, Mindy Bloem, John Kirby, Constantine Atlamazoglou Organizations: Gripen, Service, Royal Military Air, Getty, IRIS, Ukraine's Air Force, Strategic Services, Saab, REUTERS, AA, Russian Air Force, Kyiv, US Air National Guard / Tech, Gripen Es, Swedish Air Force, White House National Security Council, Fletcher School of Law, LinkedIn, Twitter Locations: Ukraine, Russia, Swedish, Wall, Silicon, Western, Kyiv, Prague, Sweden, Stockholm, Czech Republic, Brazil, South Africa, Thailand, Hungary, Czech, Poland, Slovakia

But self-driving cars powered by AI are not the only change — AI technology is already being infused into vehicle production. CNBCFurther down the line, AI technology checks to ensure every stud is precisely placed, according to BMW Group Manager Curtis Tingle. A BMW worker at the AI Stud Correction Station. CNBCAccording to Tingle, the AI stud correction laser has already saved the company more than $1 million a year. BMW told CNBC the AI technology is patent pending and was developed inside the Spartanburg plant.

Persons: Curtis Tingle, Tingle, Camille Roberts, Roberts Organizations: BMW Group, CNBC, BMW, BMW Group's, cnbc Locations: BMW'S, Spartanburg, South Carolina, U.S

☆ India is now one of Apple's top 5 iPhone markets for the first time
▼ + stars: | 2023-07-18 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

Tim Cook, Apple's Chief Executive Officer (CEO) greets the media with folded hands outside the Apple store at Jio World Drive mall, Mumbai, India, April 18, 2023. India became Apple's fifth largest iPhone market in the second quarter, according to research released Tuesday, as the U.S. technology giant ramps up distribution and marketing in what CEO Tim Cook sees as a critical future market. It is the first time India has been one of Apple's top five markets for iPhone sales. India contributed close to 4% of all iPhone sales in the second quarter, according to the research firm. The firm was not able to disclose the exact number of iPhone sales but said they grew 50% year-on-year.

Persons: Tim Cook, Apple Organizations: Apple, Counterpoint Research, CNBC, Research Locations: Mumbai, India, U.S, Germany, France, Japan, China, Delhi

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