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☆ Industrial AI play Dover falls on a noisy quarter. Here's why we'd buy the dip
▼ + stars: | 2024-10-24 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +8 min

Dover on Thursday reported weaker-than-expected third-quarter results, pressuring shares of the industrial conglomerate with ties to AI data centers. Dover Why we own it : We own Dover as an industrial turnaround story with exposure to mega-themes, most notably the data center buildout to support artificial intelligence computing. That created headlines that implied Dover cut its full-year guidance, but in reality executives warned in advance that sales growth and earnings projections would be altered. To be sure, we are restricted from trading Dover's stock for the next 72 hours because Jim Cramer on Thursday mentioned the company on CNBC TV. Dover considers those areas its "growth platforms," and their increasing share of the portfolio carries positive implications for Dover's margins.

Persons: We're, Ingersoll Rand, Dover, Richard Tobin, Tobin, Jim Cramer, DOV, Dover's, —, Danaher, Jim Cramer's, Jim, Jason Marz Organizations: IDEX Corp, Management, CNBC, Dover, Mizuho Securities, Club Locations: Dover, Veralto, Europe

At least, that's what I thought before I tried Angelus Sole Bright, a $13 solution that can get rid of oxidation and restore your sneakers to their original glory. Angelus Sole Bright Angelus Sole Bright is a UV-activated solution that removes oxidation and yellowing from sneakers. A side by side comparison of oxidized midsoles on a pair of "Roc-A-Fella" Nike Air Force 1s treated with Angelus Sole Bright. Amir Ismael/Business InsiderAdvertisementThe bottom lineSneaker collectors have been restoring shoes using a similar process for years, but I never thought it was worth doing. Now, you can spend $13 on Angelus Sole Bright, $24 on a UV light, and have it delivered within two days.

Persons: Angelus Sole, You'll, Saran, yellowed midsoles Amir Ismael, Angelus Sole Bright, Jason Markk, Amir Ismael, yellowed Organizations: Business, Nike Air Force Locations: Saran

The U.S.-recognized winner of Venezuela’s presidential election on July 28, Edmundo González Urrutia, fled to Spain as President Nicolás Maduro heightened his repression campaign and issued a warrant for his arrest. As human rights abuses and the dismantling of democratic institutions intensified under Maduro, President Donald Trump followed with “maximum pressure” sanctions in an attempt to squeeze him out of office. A Venezuela election body stacked with Maduro backers has declared Maduro the winner of the country’s July 28 election but refused to release vote tallies. Biden resumed deportations of Venezuelans as a condition of the election negotiations with Maduro. “If you want to do something about migration, what you should not do is help make things worse for Venezuelans,” Rodriguez said.

Persons: Donald Trump, Kamala Harris, Trump, Edmundo González Urrutia, Nicolás Maduro, Fernando Rodriguez, Josef Korbel, “, ” Rodriguez, Maduro, George W, Bush, Joe Biden, González, ”, Oliver Stunkel, ” Stunkel, Harris, Jason Marczak, Biden, Rodriguez, Dislodging Organizations: Josef, Josef Korbel School of International Studies, Trump, Chevron, U.S, Carnegie Endowment, International Peace, Carnegie, Northern, Atlantic Council Latin America, Customs, Maduro, NBC Locations: U.S, Spain, Denver , Colorado, Cuba, Venezuela, “, United States, El Salvador, Guatemala, Honduras, Mexico

☆ Buy levels for 3 industrial stocks that benefit from the AI boom and sector megatrends
▼ + stars: | 2024-09-06 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

Like Thursday's look at buy levels for our four 1-rated megacaps — Amazon , Meta Platforms , Microsoft , and Nvidia — we like the business prospects of those industrial names and think their stocks will move higher over time. Here's a look at key technicals in their stock charts that signal attractive buy levels. By now, members likely know that the two levels we are always going to watch are the 50-day moving average and the 200-day. That puts a first buy level at just over $80 apiece , right at the 50-day moving average and around current levels. That said, a move below $170 would represent a breakdown below the 200-day moving average.

Persons: Eaton, we've, Jim Cramer's, DOV, ETN, Jim Cramer, Jim, Jason Marz Organizations: Microsoft, Nvidia, DuPont, Dover, CNBC Locations: Dover

David Dempsey in front of gallows at the Capitol on Jan. 6, 2021. United States District Court"Dempsey was one of the most violent rioters, during one of the most violent stretches of time, at the scene of the most violent confrontations at the Capitol on January 6, 2021," prosecutors wrote in their sentencing memo. David Dempsey stomps on officers on Jan. 6, 2021. David Dempsey swings a pole at officers on Jan. 6, 2021. More than 1,400 people have been arrested in connection with the Jan. 6 attack, and prosecutors have secured more than 1,000 convictions.

Persons: WASHINGTON, Donald Trump, It’s, Prosecutors, David Dempsey, “, ”, Dempsey, Royce Lamberth, Ronald Reagan, Lamberth, Joe Biden’s, ” Lamberth, Phuson Nguyen, Jan, —, Jason Mastony, Nguyen, Sergeant Mastony, David Dempsey stomps, Court Dempsey, sleuths Organizations: U.S . Capitol, Capitol, United States, Senior U.S, District, Washington Police, Court, Trump Locations: California

☆ Will A.I. Save Us or Kill Us First? - The New York Times
▼ + stars: | 2024-07-27 | by ( Nicholas Kristof | ) www.nytimes.com time to read: 1 min

Here’s a bargain of the most horrifying kind: For less than $100,000, it may now be possible to use artificial intelligence to develop a virus that could kill millions of people. That’s the conclusion of Jason Matheny, the president of the RAND Corporation, a think tank that studies security matters and other issues. “It wouldn’t cost more to create a pathogen that’s capable of killing hundreds of millions of people versus a pathogen that’s only capable of killing hundreds of thousands of people,” Matheny told me. In contrast, he noted, it could cost billions of dollars to produce a new vaccine or antiviral in response.

Persons: Jason Matheny, ” Matheny Organizations: RAND Corporation

☆ Dave Bautista says he lost 50 pounds through Brazilian jiu-jitsu
▼ + stars: | 2024-07-18 | by ( Amanda Goh | ) www.businessinsider.com time to read: +2 min

Read previewDave Bautista is crediting Brazilian jiu-jitsu for helping him lose weight. I was really big, like over 300 pounds," Bautista told co-hosts Kelly Ripa and Mark Consuelos. "I'm bringing trainers with me, so I just shed about 50 more pounds," Bautista said, adding that he lost quite a bit of muscle in the process. Related storiesThe "Guardians of the Galaxy" actor has been practicing Brazilian jiu-jitsu since 2010, according to his Instagram posts. The US Army also uses Brazilian jiu-jitsu to rehabilitate its soldiers, as it is a "minimally demanding activity" that helps them remain active and avoid self-destructive behaviors.

Persons: —, Dave Bautista, Kelly, Mark, Bautista, Kelly Ripa, Mark Consuelos, Jason Manly, I've, Bautista isn't, Mark Zuckerberg Organizations: Service, WWE, Business, Guardians, US Army, BI Locations: Budapest, California

☆ Mt. Everest may be the tallest mountain to climb, but it's not the most difficult. Factors like technique and commercialization contribute, according to 3 professional mountaineers.
▼ + stars: | 2024-07-05 | by ( Ellyn Lapointe | ) www.businessinsider.com time to read: +6 min

Everest is the world's tallest peak, that doesn't mean it's the most difficult to climb, according to three professional mountaineers. Jenn DrummondDon't let the name fool you — when it comes to difficulty, there's nothing secondary about the Seven Second Summits. Unlike the seven highest summits, some of the Seven Second Summits involve skiing and rock climbing in addition to hiking. AdvertisementOut of all the Seven Second summits, Mt. Climbing Mt.

Persons: —, Jenn Drummond, Drummond, there's, Jake Meyer, Garrett Madison, it's, crevasses —, Alan Arnette, Arnette, Jason Maehl, Madison Organizations: Service, Mountaineers, Business, Everest Locations: Everest, Kilimanjaro, . Logan, Nepal, Kathmandu, Logan, Tyree, Mt . Logan, Mt, Lhotse, Nuptse

☆ A.I. Is Getting Better Fast. Can You Tell What’s Real Now?
▼ + stars: | 2024-06-24 | by ( Stuart A. Thompson | ) www.nytimes.com time to read: +7 min

This is a real image. This is a real image. This is a real image. This is a real image. images Real imagesSurprised by your results?

Persons: — Ben Affleck, Gal Gadot, Henry Cavill, Jason Mamoa, It’s, Biden, Richard Huff, ” Mr, Huff, “, Andy Kelly, Dwayne, Johnson, Bobby Griffin, Griffin, ”, Donald J, Trump Organizations: telltale, “ Justice League, Facebook, A.I, Amazon Locations: California

☆ One of Mt. Everest's deadliest passages is growing even more treacherous
▼ + stars: | 2024-05-04 | by ( Ellyn Lapointe | ) www.businessinsider.com time to read: +6 min

A 1.6-mile stretch of slowly cascading ice just above Base Camp called the Khumbu Icefall. The Khumbu Icefall looks like a frozen waterfall. They're called the Icefall Doctors, and this year, they delayed Everest's climbing season by 12 days due to unsafe conditions on the Khumbu Icefall. Between 1953 and 2019, 45 people lost their lives on the Khumbu Icefall. Everset's history, 15 of the 18 total deaths were caused by acute mountain sickness, falls, and disappearances.

Persons: They're, Paul Mayewski, Mount, climatologist, Olaf Rieck, Alan Arnette, Mayewski, Jason Maehl, there's, Arnette Organizations: Service, Business, Mount Everest, University of Maine, Wikimedia, Everest, AMS Locations: Everest, Everest's, Mt

☆ Video shows the moment a man shone a laser pointer at an aircraft, risking 'catastrophic consequences,' and leading to a prison sentence
▼ + stars: | 2024-04-19 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

Andrew Wilson admitted to shining a laser at aircraft in two incidents back in 2022. Wilson was sentenced to four months in prison last Thursday. AdvertisementA 53-year-old man was sentenced to four months in prison after shining a laser at a passenger jet. Jason Marshalsea, the police officer in charge of the case, said: "Shining a laser beam at an aircraft is dangerous and irresponsible and could result in catastrophic consequences." AdvertisementIncidents involving lasers and planes have been on the rise in recent years, despite pleas from authorities for people to stop shining lasers at aircraft.

Persons: Andrew Wilson, Wilson, —, VCeFFXnIUG, Jason Marshalsea Organizations: Service, Airbus, Bristol Airport, Taunton Crown, Sky, Federal Aviation Administration, Delta Air Lines Locations: Somerset, England, Martock , Somerset, Taunton, New York, Mexican

“It’s been an issue in North Dakota, it’s been an issue nationally,” said measure chairman Jared Hendrix, who led a successful 2022 initiative that set term limits for North Dakota’s governor and Legislature. In a 1995 congressional term limits case, the court ruled that states cannot set qualifications for Congress beyond those listed in the U.S. Constitution. Backers of the North Dakota measure filed a federal lawsuit last year, challenging the state's constitutional provisions and laws against out-of-state petition circulators. Term Limits. Term Limits National Field Director Scott Tillman helped Hendrix carry boxes of petitions into the secretary’s office on Friday.

Persons: “ It’s, it’s, ”, Jared Hendrix, “, Democratic Sen, Quentin Burdick, Mark Jendrysik, Mitchell, Jason Marisam, Marisam, Clarence Thomas, ” Marisam, Republican Sen, John Hoeven, U.S . Sen, Dianne Feinstein, Mitch McConnell, Joe Biden, Robert Hur, Nikki Haley, Biden, Donald Trump, Scott Tillman, Hendrix, ” Tillman Organizations: N.D, U.S . Senate, U.S . Constitution, North, U.S . House, Representatives, Democratic, University of North, U.S, Supreme, Mitchell Hamline School, Law, Republican, U.S ., “ Locations: BISMARCK, North Dakota, U.S ., U.S, Dakota, University of North Dakota, Texas, North

☆ US stocks climb ahead of Thanksgiving as investors weigh lower oil prices and jobless claims
▼ + stars: | 2023-11-22 | by ( Jason Ma | ) www.businessinsider.com time to read: +2 min

US stocks climbed on Wednesday as Wall Street headed into the Thanksgiving holiday break. Oil prices and weekly jobless claims dropped, and shares of Nvidia after it reported earnings. Bond yields edged up after a consumer survey showed higher inflation expectations. AdvertisementUS stocks climbed on Wednesday as Wall Street eyed the Thanksgiving holiday break amid fresh economic and earnings reports. Bond yields ticked slightly higher after declining earlier in the day as the data could put more pressure on the Fed to keep rates higher for longer.

Persons: — Organizations: Nvidia, Service, University of Michigan, Fed

[1/2] A ‘No’ sign sits in front of the Tent Embassy near the Old Australian Parliament House as voters arrive during The Voice referendum, in Canberra, Australia, October 14, 2023. An Australian referendum requires a majority vote in at least four of its six states, as well as nationally. Ultimately, no state supported the "Voice" and the national vote was 40% "Yes" to 60% "No", according to preliminary counting. After the votes were counted, Dutton said his party supported Indigenous reconciliation but he made no mention of an alternative measure. Albanese, asked on Saturday why the vote had failed, said no referendum had succeeded without bipartisan support.

Persons: Tracey Nearmy, Anthony Albanese, Kos Samaras, Matt Qvortrup, Peter Dutton, Dutton, Timothy Graham, Graham, Cate Blanchett, Russell Crowe, Chris Hemsworth, Jason Mamoa, Shaquille O'Neal, Samaras, Donald Trump, Paul Smith, Smith, Albanese, Qvortrup, Byron Kaye, Praveen Menon, Edmund Klamann Organizations: Tent Embassy, Old Australian, House, REUTERS, Rights, Labor, Redbridge Group, Australian National University, Liberal Party, Queensland University of Technology, Qantas, NBA, Labor Party, U.S, European Union, Liberal, Thomson Locations: Tent, Canberra, Australia

(AP) —A law to ban gender-affirming medical care for transgender minors in Montana is temporarily banned, a state judge ruled Tuesday, just four days before it was to take effect. District Court Judge Jason Marks agreed with transgender youth, their families and healthcare providers that a law passed by the 2023 Montana Legislature is unconstitutional and would harm the mental and physical health of minors with gender dysphoria. Montana is one of at least 22 states that have enacted bans on gender-affirming medical care for minors and most face lawsuits. Political Cartoons View All 1182 ImagesAll the laws ban gender-affirming surgery for minors. It’s not clear how many of those patients were 18 when they underwent surgery.

Persons: HELENA, Jason Marks, Marks Organizations: Montana Supreme Locations: Mont, Montana, . Montana, U.S

☆ Oil prices are surging again, but this time Biden has way less ammunition to bring them down
▼ + stars: | 2023-09-09 | by ( Jason Ma | ) www.businessinsider.com time to read: +4 min

Oil prices are surging again, but the Strategic Petroleum Reserve remains near 40-year lows. Last year, the Biden administration drained 180 million barrels from the SPR as oil prices soared. Flooding the market with all that supply helped bring oil prices down — and helped cool inflation, which had shot up as well. But while it has ticked up slightly, the level remains near 40-year lows at about 350 million barrels. The stock market has started to feel the ripple effects from rising oil prices.

Persons: Biden, Brent, Enverus Organizations: Strategic Petroleum Reserve, Service, Biden, Petroleum Reserve Energy Department, Energy Department, Federal Reserve Locations: Wall, Silicon, Ukraine, Saudi Arabia, Russia, Texas , New Mexico, North Dakota

☆ Texas power prices soar 20,000% as brutal heat wave sets off emergency
▼ + stars: | 2023-09-08 | by ( Jason Ma | ) www.businessinsider.com time to read: +2 min

Texas power prices soared 20,000% Wednesday evening amid another brutal heat wave. Spot power prices remained high the following day, topping $4,000 per megawatt-hour for more than an hour on Thursday evening. AdvertisementAdvertisementAt ERCOT's request, the Biden administration declared a power emergency in Texas on Thursday, waiving some air-pollution rules so generators in the state could produce more electricity. Last month, Texas power prices soared 6,000% in one day. And in June, power prices doubled in a single day ahead of an earlier heat wave.

Persons: ERCOT, Biden Organizations: Service, Dallas Morning News, Electric, of Texas, Northern Locations: Texas, Wall, Silicon, Houston, Dallas, San Antonio, Europe

☆ US stocks trade mixed as rate fears persist amid signs of tight labor market
▼ + stars: | 2023-09-07 | by ( Jason Ma | ) www.businessinsider.com time to read: +1 min

US stocks trade mixed on Thursday amid fresh signs the labor market remains tight. Weekly jobless claims unexpectedly declined, and second-quarter unit labor costs were revised up. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. In addition, second-quarter unit labor costs were were revised up to show a gain of 2.2% after an earlier reading put it at 1.6%. According to the CME FedWatch tool, Wall Street is pricing in greater odds that the Fed will lift rates again this year after holding them steady later this month.

Organizations: Federal Reserve, Service, Nasdaq, Dow Jones Locations: Wall, Silicon

☆ Wall Street firms and retired generals to discuss hypothetical Chinese invasion of Taiwan
▼ + stars: | 2023-09-07 | by ( Jason Ma | ) www.businessinsider.com time to read: +2 min

Wall Street firms and retired generals will discuss a hypothetical Chinese invasion of Taiwan. The "tabletop exercise" will take place next week in New York, sources told the New York Times. It comes as the congressional China committee plans to meet with top Wall Street investors. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. It comes as the congressional China committee plans to go to New York, where lawmakers will meet with banks, hedge funds and venture capital firms, according to the New York Times.

Persons: Jay Clayton, Jim Chanos, Anne Stevenson, Yang, Mike Gallagher, Biden, BlackRock Organizations: New York Times, Wall, Service, Chinese Communist Party, Council, Foreign Relations, Communist, Financial, Securities and Exchange, Kynikos Associates, J Capital Research, Financial Times, Wall Street Locations: Taiwan, New York, China, Wall, Silicon, Wisconsin, MSCI, Xinjiang

☆ Bond vigilantes are 'saddling up.' Here's how concerned investors might take action over the ballooning federal deficit.
▼ + stars: | 2023-08-20 | by ( Jason Ma | ) www.businessinsider.com time to read: +4 min

Bond vigilantes are "saddling up" again as federal deficits balloon, said market veteran Ed Yardeni. And I think the bond vigilantes are quite concerned about that." Now there are signs they are stirring again as bond yields continue to climb despite signs of cooling inflation. And I think the bond vigilantes are quite concerned about that," he said. In a now-legendary commentary from 1983 titled "Bond Investors Are the Economy's Bond Vigilantes," Yardeni warned, "So if the fiscal and monetary authorities won't regulate the economy, the bond investors will.

Persons: Ed Yardeni, e've, Yardeni, we've, James Carville, Bill Clinton, Clinton, Bond Organizations: Service, Treasury, Yardeni, Bloomberg, Federal, Republican Locations: Wall, Silicon

☆ Texas electricity prices soar 6,000% as a fresh heat wave is expected to shatter records
▼ + stars: | 2023-08-18 | by ( Jason Ma | ) www.businessinsider.com time to read: +2 min

Texas electricity prices soared 6,000% as a fresh heat wave is expected to shatter records. An excessive heat warning has been issued for north Texas, where temperatures could top 110 degrees. The price spike came as an excessive heat warning was issued for north Texas, which includes the Dallas-Fort Worth area. In June, Texas power prices doubled in a single day ahead of an earlier record-breaking streak. The Texas power market is deregulated and on its own electricity grid.

Organizations: Service, of Texas, Bloomberg, Northern Locations: Texas, Wall, Silicon, Dallas, Fort Worth, Europe

☆ US stocks tumble as 10-year yield keeps climbing to hit highest since 2007
▼ + stars: | 2023-08-17 | by ( Jason Ma | ) www.businessinsider.com time to read: +1 min

US stocks tumbled Thursday as the 10-year Treasury yield kept climbing and hit the highest level since 2007. Measured on a daily basis, using a single reference price, the benchmark rate reached 4.3237%. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyUS stocks tumbled Thursday as the 10-year Treasury yield kept climbing and hit the highest level in nearly 16 years. Measured on a daily basis, using a single reference price, the benchmark rate reached 4.3237%, a level not seen since November 2007. Other measures showed the 10-year yield at the highest since October 2022.

Organizations: Treasury, Dow, Service, Walmart, Cisco, Dow Jones, Nasdaq Locations: Wall, Silicon

☆ Foreign investors are giving up on China as capital flows reverse
▼ + stars: | 2023-08-17 | by ( Jason Ma | ) www.businessinsider.com time to read: +4 min

Foreign investors are giving up on China as the country's post-COVID rebound fizzles. During that span, foreign investors sold 46.2 billion yuan of mainland Chinese stocks. Meanwhile, foreign institutional investors shed 37 billion yuan worth of Chinese bonds in July, according to data out Wednesday from China's foreign exchange regulator. According to Reuters, $1.71 billion worth of mainland shares were sold by foreigners in May, outpacing April's $659 million withdrawal. In addition to the consumer and manufacturing sectors, the real estate market — which serves as a key store of wealth in China's economy — has also been getting worse.

Persons: outpacing, bullish, —, China's Organizations: Service, Kong's Stock Connect, Communist Party's, Financial Times, Bloomberg, Reuters Locations: China, Shanghai, Shenzhen, Wall, Silicon, Beijing

☆ The world's biggest stock investor says if you don't see opportunities in AI, then you are a 'complete moron'
▼ + stars: | 2023-08-16 | by ( Jason Ma | ) www.businessinsider.com time to read: +2 min

"If you don't think there are opportunities with AI, then in my mind you are a complete moron." That comes from the head of Norway's sovereign wealth fund, which is the world's biggest stock investor. "If you don't think there are opportunities with AI, then in my mind you are a complete moron," Nicolai Tangen, the fund's chief executive, told the Financial Times. Meanwhile, he warned that regulating AI will be difficult because the US-China rivalry has made the technology critical to the "weapons race, medical race, self-driving race, financial race." "We are always conscious and worried about the biggest exposures of the fund," Tangen told Reuters separately.

Persons: Nicolai Tangen, Tangen, wouldn't Organizations: Service, Apple, Meta, Microsoft, Nvidia, Tesla, Financial Times, Reuters Locations: Wall, Silicon, China

☆ US stocks trade mixed amid earnings rush and fresh economic data
▼ + stars: | 2023-08-01 | by ( Jason Ma | ) www.businessinsider.com time to read: +1 min

US stocks finished mixed Tuesday amid more earnings reports and fresh economic data. The number of job openings dropped by more than expected, according to Labor Department data. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyUS stocks finished mixed on Tuesday amid more earnings reports and fresh economic data that pointed to some weakening. Dow stocks Merck and Caterpillar reported quarterly earnings that topped forecasts, while fellow blue chip Pfizer gave mixed results. The Labor Department reported that job openings in June fell to 9.582 million from 9.824 million in the prior month, below forecasts for about 9.6 million.

Organizations: Labor Department, Service, Dow, Merck, Caterpillar, Pfizer, Institute, Supply Locations: Wall, Silicon

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