Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Li"


25 mentions found


CNN —Lush greens, tangled wood, blurs of light – giant images of rainforests hang on the walls of a church in London. The images are not of tropical rainforests, but very rare temperate rainforest in the UK. Forest bathingVestey’s first trip to a temperate rainforest was in Devon, southwest England. Since then, Vestey estimated she has visited around 60% of the remaining temperate rainforests in the UK. They started spending more time in the ancient woodland at Cabilla, their family’s 300-acre farm on Bodmin Moor, Cornwall.
Persons: CNN —, birdsong, Joanna Vestey, , Vestey, , Qing Li, “ I’m, Merlin Hanbury, Tenison, Lizzie, Hanbury, Tara Juno Rowse, I’ve Organizations: CNN, UK’s Art, University of Exeter Locations: London, Britain, Ireland, Cornwall, Scotland, Devon, England, Japan, UK’s, Afghanistan, Hanbury, Cabilla, Bodmin Moor, , Tenison, British, Bodmin
The factory, which was announced in April last year, aims to begin production in the first quarter of 2025. The battery facility will be close to Tesla’s Shanghai Gigafactory, which is the company’s largest plant outside the United States, producing almost one million cars a year. Rising tensionsWhile most Western companies are face rising barriers to doing business in China, things have been smoother for Tesla. “Tesla competes quite well in the market in China with no tariffs and no deferential support. I’m in favor of no tariffs,” Musk said.
Persons: Hong Kong CNN — Tesla, Elon Musk, Tom Zhu, Tesla, Wu Xiaohua, ” Musk, Li Qiang, Li, Joe Biden, Musk, “ Tesla Organizations: Hong Kong CNN, Lingang Group, Tesla, Reuters, Locations: Hong Kong, Shanghai, China, United States, Beijing, Washington, Tesla’s Gigafactory, Europe, Paris
Ark Invest CEO Cathie Wood believes stocks are ready to spring upward with easing price pressures and lower interest rates on the horizon. "In the fourth quarter, as the Fed's dot plot began pointing to much lower interest rates, the bull market in equities broadened dramatically," Wood said in an X post on Thursday evening. In our view, more price deflation and lower interest rates will activate coiled equities." She said investors have been flocking to safe havens and cash at a dramatic pace last seen during the 1930s. "In our view, the search for cash and safety in the equity markets today is as intense as that during the Great Depression in the early 1930s," Wood said in the X post.
Persons: Cathie Wood, Wood Organizations: Federal Reserve
Read previewTwo of the world's most important chip companies can push a "kill switch" remotely on their most advanced chipmaking machines should China invade Taiwan, Bloomberg reported on Tuesday, citing people familiar with the matter. The Netherlands's ASML — Europe's top tech company by market value — supplies advanced machines to chip-making companies. The US has also pressured the Netherlands to block some ASML exports to China to limit the country's ability to manufacture advanced chips. Rising concerns over Taiwan Strait developmentsThere are concerns about China's intensifying drills around Taiwan after Taiwan inaugurated its new President, William Lai — whom Beijing has branded as a separatist — on Monday. But Nvidia CEO Jensen Huang told Bloomberg TV on Tuesday that that the world's tech sector is likely to continue depending on Taiwanese manufacturing for "some time."
Persons: , Taiwan's, ASML, William Lai —, Li Xi, Jensen Huang Organizations: Service, Bloomberg, Business, East, Dutch, China's People's Liberation Army, Nvidia Locations: China, Taiwan, Washington, Beijing, Netherlands, Arizona, Japan, Germany
Read previewTwo of the world's most important chip companies can flip a "kill switch" remotely on their most advanced chipmaking machines should China invade Taiwan, Bloomberg reported on Tuesday, citing people familiar with the matter. The Netherlands's ASML — Europe's top tech company by market value — supplies advanced machines to chip-making companies. The US has also pressured the Netherlands to block some ASML exports to China to limit the country's ability to manufacture advanced chips. The Dutch company has also said it will stop servicing some equipment previously exported to China. Rising concerns over Taiwan Strait developmentsThere are concerns about China's intensifying drills around Taiwan after Taiwan inaugurated its new President, William Lai — whom Beijing has branded as a separatist — on Monday.
Persons: , Taiwan's, ASML, William Lai —, Li Xi, Jensen Huang, TSMC Organizations: Service, Bloomberg, Business, East, Dutch, China's People's Liberation Army, Nvidia Locations: China, Taiwan, Washington, Beijing, Netherlands, Arizona, Japan, Germany, ASML
CNN —Tensions are once again ratcheting up in the Taiwan Strait, with China launching military drills encircling Taiwan just days after the democracy swore in a new leader long loathed by Beijing. The Eastern Theater Command of the Chinese People’s Liberation Army (PLA) said it launched joint military drills involving the army, navy, air force and rocket force in areas around Taiwan early Thursday morning. The drills are being conducted in the Taiwan Strait – a narrow body of water separating the self-ruling island with mainland China – as well as north, south and east of Taiwan. The Chinese guided missile frigate Nantong, one of the vessels in the series of military drills around Taiwan. The defeated Nationalist Party fled to Taiwan, moving the seat of their Republic of China (ROC) government from the mainland to Taipei.
Persons: , Lai Ching, China’s, Xi Jinping, Li Xi, Lai, Wu Mei, Carlos Garcia Rawlins, Tsai Ing, Tsai –, Mike Gallagher Organizations: CNN, Communist Party, Eastern Theater Command, People’s Liberation Army, PLA, People's Liberation Army, Weibo, Taiwan’s Defense Ministry, Democratic Progressive Party, DPP, Chinese Communist Party, CCP, Nationalist Party, US, Communist, Beijing, Tuesday Locations: Taiwan, China, Beijing, Kinmen, Taipei, People’s Republic of China, Republic of China, Xi, Washington
Owning overcrowded trades that are most popular among hedge funds could be risky for individual investors in the event of a herd-like stampede by systematic traders, according to Morgan Stanley, which looked at stocks to avoid. Despite their popularity and performance, none of the megacap tech stocks made the list of overcrowded stocks. That's because their enormous share count makes hedge funds' ownership less significant. Morgan Stanley found that hedge funds were most overweight in consumer discretionary, industrial and health care stocks last quarter, while they were most bearish on technology and consumer staples companies. Janus Henderson , The New York Times , Planet Fitness and Wayfair were also on the list of crowded trades.
Persons: Morgan Stanley, Russell, Howard Hughes, Janus Henderson, — CNBC's Michael Bloom Organizations: Avis Budget Group, Howard Hughes Holdings, The New York Times Locations: The
Snowflake posted $829 million in revenue, while analysts polled by LSEG had called for $786 million. Adjusted earnings for the period came in at 14 cents a share, however, missing the consensus estimate by 4 cents. Beauty — The cosmetics maker added 3.4% after easily surpassing consensus forecasts from analysts surveyed by FactSet for the fiscal fourth quarter. posted 53 cents in earnings per share, excluding items, on $321.1 million in revenue, while analysts penciled in just 33 cents on $292.6 million in revenue. On top of that, LiveRamp offered firm revenue guidance for both the current quarter and full year.
Persons: Snowflake, LSEG, NetEase, FactSet, e.l.f, LiveRamp, Cytokinetics, Goldman Sachs, Morgan Stanley, Ed Bred, Lori Koch, Alibaba, GoodRX, , Jesse Pound, Pia Singh, Yun Li, Tanaya Macheel, Sarah Min, Michelle Fox Organizations: Nvidia, Micro, Taiwan Semiconductor, Bloomberg, Department of Justice, of, News, Corp, JPMorgan, DuPont de Nemours, DuPont, Bloomberg News, Bank of America, RBC, Hasbro —, Hasbro Locations: Southern, of New York,
Chesnot | Getty ImagesPARIS — Robin Li, CEO of one of China's biggest tech firms Baidu , said artificial intelligence that is smarter than humans is more than 10 years away, even as industry staple Elon Musk predicts it will emerge very soon. Artificial general intelligence, or AGI, broadly relates to AI that is as smart or smarter than humans. Li, whose company Baidu is one of China's leading AI players, signals this isn't realistic. I think [it] is more than 10 years away," Li said during a talk on Wednesday at the VivaTech conference in Paris. "[My] fear is that is that AI technology is not improving fast enough.
Persons: Robin Li, Porte de Versailles, Musk, AGI, Sam Altman, Li, it's, Everyone's Organizations: Baidu, Viva Technology, Parc, Getty, PARIS, Elon Locations: Paris, France, Europe
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBeijing doesn't think Biden and Trump administrations are good for China, professor saysCheng Li, founding director of the Centre on Contemporary China and the World at the University of Hong Kong, discusses why neither administration is good for China from the country's perspective.
Persons: Beijing doesn't, Biden, Trump, Cheng Li Organizations: Beijing, Contemporary, University of Hong Locations: China, Contemporary China, University of Hong Kong
CNN —China has launched two days of military drills surrounding Taiwan in what it called “punishment” for “separatist acts,” days after the self-ruling island swore in a new democratically elected leader. China’s ruling Communist Party says the self-ruling democracy is part of its territory, despite never having controlled it, and has vowed to take the island, by force if necessary. The Eastern Theater Command of the Chinese People’s Liberation Army (PLA) said it launched joint military drills involving the army, navy, air force and rocket force in areas around Taiwan at 7.45 a.m. on Thursday. The drills are being conducted in the Taiwan Strait – a narrow body of water separating the self-ruling island with mainland China – as well as north, south and east of Taiwan. It expressed regret to “such irrational provocations and actions that undermine regional peace and stability.”
Persons: Lai Ching, China’s, Li Xi, ” Lai, Lai Organizations: CNN, Communist Party, Eastern Theater Command, People’s Liberation Army, PLA, Democratic Progressive Party, Taiwan’s Defense Ministry Locations: China, Taiwan, Kinmen, Beijing
Why OpenAI should fear a Scarlett Johansson lawsuit
  + stars: | 2024-05-22 | by ( Brian Fung | ) edition.cnn.com   time to read: +11 min
“It doesn’t matter if OpenAI used any of Scarlett Johansson’s actual voice samples,” Li posted on Threads. Here, Johansson could accuse OpenAI of illegally monetizing who she is by essentially fooling users into thinking she had voiced Sky. But there’s substantial case law — and one very inconvenient fact for OpenAI — undercutting that defense, legal experts say. According to Johansson, OpenAI approached her to perform as Sky; Johansson declined. While California’s publicity law protects all individuals, some state statutes only protect famous people, and not all states have such legislation on the books.
Persons: Will Scarlett Johansson, OpenAI, Johansson, OpenAI’s, Sam Altman, OpenAI didn’t, demoed, Tiffany Li, Scarlett Johansson’s, ” Li, monetizing, John Bergmayer, , , , Bette Midler, Midler, Tom Waits, Waits, , James Grimmelmann, Scarlett Johansson ”, Altman, Sky’s, Johansson ”, Samantha, , ” Grimmelmann, Joel Saget, ” Bergmayer, Dana Rao, Adobe’s, we’re, Jennifer Rothman, ” Rothman Organizations: Washington CNN, University of San, Public, Ford Motor Company, Appeals, Circuit, Frito, Cornell University, Getty, Adobe, FAIR, University of Pennsylvania Locations: University of San Francisco, California, Midler’s, Paris, AFP
Taipei CNN —Thousands of mostly young protesters surrounded Taiwan’s legislature late into the night on Tuesday, protesting a push by opposition parties to subject the island’s new leader and his administration to tighter scrutiny from a parliament controlled by lawmakers who favor closer ties to China. Meanwhile, the president would be required to deliver an annual address to the parliament on key policy issues. Yasuyoshi Chiba/AFP/Getty ImagesOn Tuesday, as the parliament resumed its meeting to discuss the bill, protesters gathered outside the Legislative Yuan – Taiwan’s unicameral parliament – from morning until midnight, braving downpours in the afternoon. Lai, 64, a former doctor and vice president, was inaugurated Monday alongside new Vice President Hsiao Bi-khim, who recently served as Taiwan’s top envoy to the United States. Both leaders and their party are openly loathed by Beijing for championing Taiwan’s sovereignty.
Persons: Lai Ching, TPP, Yasuyoshi Chiba, Yuan –, braving, Ricky Li, “ I’m, , Lai, Hsiao Bi, China’s Organizations: Taipei CNN, Democratic Progressive Party, Taiwan’s, Kuomintang, KMT, Taiwan People’s Party, DPP, , Communist Party Locations: Taipei, Taiwan’s, China, Beijing, Taiwan, AFP, United States
Stock-picking hedge funds have become more selective on megacap technology stocks after their drastic rallies, according to VerityData. The research firm identified "fundamental" hedge funds that disclosed 10 to 300 holdings and aggregate holdings of at least $100 million in recent 13F filings. Microsoft continued to be the most popular stock among those hedge funds, extending its No.1 status to a seventh quarter, according to the data. Several hedge funds also flocked to Nvidia despite its jaw-dropping advance over the past year, the data said. Less popular On the flip side, hedge funds dialed back their exposure to Alphabet and Apple last quarter.
Persons: Tesla, weathers Organizations: Microsoft, Nvidia
Macy's — The department store operator added about 3% after beating earnings estimates for the first quarter and raising its full-year outlook. AutoZone reported revenue of $4.24 billion while analysts polled by FactSet forecast $4.29 billion. XPeng — Shares gained 5% after the Chinese electric vehicle firm beat first-quarter estimates on the top and bottom line. The company reported revenue of 25.6 billion yuan, a 38.6% decrease from the fourth quarter of 2023. Zoom Video — Shares slipped nearly 3% even after the video conferencing company reported better-than-expected earnings and revenue for the first quarter.
Persons: Macy's, Lowe's, XPeng, Baird, David Koning, billings, Li Auto, Paul Lejuez, Wall, LSEG, — CNBC's Michelle Fox, Sarah Min, Jesse Pound Organizations: FactSet, Palo Alto Networks, , Technologies, Lam Research, Citi Locations: Keysight
Lowe's — The home improvement stock fell 2.9% despite the company posting a first-quarter earnings and revenue beat. By comparison, analysts surveyed by FactSet had penciled in $1.45 in earnings per share on $1.21 billion in revenue. XPeng — U.S-listed shares jumped nearly 5% after the Chinese EV company topped first-quarter estimates for revenue and said it anticipates a rise in quarterly deliveries. AutoZone reported $4.24 billion in revenue for the quarter, below the $4.29 billion expected by analysts, according to FactSet. Sprout Social — Shares dropped 4% after Sprout Social responded to a Reuters report, citing sources familiar, that said its founders are in talks to take the social media strategy company private.
Persons: Lam, Macy's, Tony Spring, Marvin Ellison, BlackLine, FactSet, Keysight, AutoZone, Li Auto, Li, Yun Li, Jesse Pound, Sarah Min, Alex Harring, Lisa Han, Samantha Subin Organizations: AstraZeneca — U.S, Traffic Safety Administration, Dell Technologies, Citi, Baird, Palo Alto Networks, Keysight, EV, Reuters, Li Auto Locations: billings,
One April afternoon in 2018, Zhang Yiming, the founder of the Beijing-based online media company ByteDance, got a notice from Chinese regulators to shut down an app where people shared jokes and silly videos. He followed orders and expressed his deep remorse in a public apology. “I feel regretful because I have let down the guidance and expectations of the supervisory authorities all along,” he wrote. On top of the list: Build up the Communist Party’s presence at ByteDance and educate its employees to think from the perspectives of the party and the government. Now ByteDance, which owns TikTok, is facing a similar order from the U.S. government: It needs to divest the short video app or it will face a ban.
Persons: Zhang Yiming, , , Zhang Organizations: U.S . Locations: Beijing, U.S
Wix.com — The web development company jumped more than 25% after it posted better-than-expected first-quarter results. Norwegian Cruise Line — The cruise line operator jumped more than 8% after Norwegian Cruise Line lifted its full-year earnings guidance. It also reported better-than-expected first-quarter results. Hasbro — Shares gained 3% after Morgan Stanley called Hasbro a top pick, saying its recent underperformance gives investors a strong entry point. Uranium stocks have recently gained after President Joe Biden signed a bill banning imports of Russian uranium for nuclear fuel.
Persons: Wix.com, Li Auto, Goldman Sachs, Morgan Stanley, Johnson, Elliott, Joe Biden, NuScale, — CNBC's Michelle Fox, Lisa Kailai Han, Alex Harring, Samantha Subin Organizations: Norwegian Cruise, Target, GameStop, Micron Technology, Hasbro —, Hasbro, Bloomberg News, Elliott Management, Nvidia, Microsoft, Dell Technologies Locations: Norwegian, U.S, NextDecade's Rio
Apple — Apple shares slipped less than 1% after Reuters reported the technology giant is implementing aggressive discounts on its iPhones in China. Micron Technology — Shares moved 2.3% higher after Morgan Stanley upgraded the semiconductor company to equal weight from underweight. Johnson Controls — Shares rose 5% after Bloomberg News reported Elliott Management has built a more than $1 billion stake in the security and safety company. Teradyne – The semiconductor testing equipment stock rose nearly 3%. Goldman Sachs upgraded Teradyne to a buy rating, citing its recent strong quarter and expectations for a "cyclical recovery" within its system-on-chip design test business.
Persons: Morgan Stanley, Li, Johnson, Elliott, Goldman Sachs, , Alex Harring, Michelle Fox Organizations: Apple, Reuters, Micron Technology —, Micron, Nvidia, Barclays, Stifel, Li Auto, GameStop, AMC Entertainment, Bloomberg News, Elliott Management Locations: China
Warren Buffett's Berkshire Hathaway has been a net seller of stocks for six straight quarters despite the recent disclosure of a headline-making purchase of a stake in insurer Chubb . In fact, Berkshire hasn't been a net buyer of stocks since the third quarter of 2022, according to an analysis of filings. The bulk of the first quarter selling came from trimming Berkshire's massive Apple bet by 13% after reaping enormous gains. "If I saw one of those now, I'd do it for Berkshire," Buffett told shareholders, referring to his Japanese investment. Berkshire's cash hoard reached a record $189 billion in the first quarter, up from almost $168 billion in the fourth quarter.
Persons: Warren, Berkshire Hathaway, Chubb, Berkshire hasn't, Buffett, hasn't, I've Organizations: Berkshire, HP, Paramount, Treasury, Federal Reserve Locations: The Omaha, Berkshire, Omaha, Zurich, Louisiana, Pacific
Winning in China's electric car market is no longer just about having the cheapest price. Despite new U.S. tariffs , the Chinese electric car industry is already moving into a new phase of competition no longer centered on sticker prices alone, many in the industry say. Hong Kong-listed Fuyao, a major supplier of glass for cars, is one of JPMorgan's top picks to take advantage of China's growing electric car market. The Shenzhen-listed Chinese battery giant, Contemporary Amperex Technology , is one of JPMorgan's top Chinese electric car supply chain plays. Last week, Chinese electric car company Nio released a new car in a lower-priced range of just over 200,000 yuan.
Persons: Stephen Dyer, AlixPartners, BYD, Xiaomi, Tesla, Nio, William Li, — CNBC's Michael Bloom Organizations: JPMorgan, Greater, Greater China Business, Amperex, Li Auto, Tesla Locations: Hong Kong, China, Greater China, Asia, Beijing, Shenzhen
All three major averages closed higher for the week, driven by softer retail sales and consumer price data for April. And the data has been mostly good, with 78% reporting a positive earnings surprise and 60% delivering a positive sales surprise. But we will get earnings from three portfolio companies, including one of our two "own, don't trade" stocks. In the week ahead, three portfolio companies will report results, while it will be fairly slow for economic data, except for a couple of housing reports. Earnings : After a week without earnings from any Club stocks, we'll get three this coming week.
Persons: Dow Jones, Dow, we'll, TJX, Blackwell, Li Auto, James Hardie, Ralph Lauren Corporation, Booz Allen, Jim Cramer's, Jim Cramer, Jim, Jensen Huang, Justin Sullivan Organizations: Wall, Federal Reserve, Dow, Nasdaq, CPI, Palo Alto Networks, Palo, TJX Companies, Nvidia, Nexxen, Alto Networks, Video Communications, Trip.com, James Hardie Industries N.V, Nordson Corp, Keysight Technologies, ZIM Integrated Shipping Services, Lowe's Companies, Eagle Materials, Toll, ViaSat, Urban Outfitters, Target Corp, Devices, Dorian LPG, Dycom, Golden Ocean Group, Petco, Wellness Company, Sonoma, WSM, VF Corp, Star Bulk Carriers Corp, LiveRamp Holdings, Chemical & Mining Co, Grupo Supervielle S.A, BJ's Wholesale, Technologies, TD Bank Group, Intuit, Ross Stores, Booz Allen Hamilton Holding, Mesa Laboratories, Jim Cramer's Charitable, CNBC, Intelligence, SAP Center Locations: Palo Alto, Williams, Chile, San Jose , California
GameStop shares tumbled more than 20% premarket Friday after the video game retailer said it plans to sell additional shares and reported preliminary results that showed a drop in first-quarter sales. In a new regulatory filing, the video game retailer said it will sell up to 45 million class A common shares in an at-the-market offering. The sale comes after GameStop shares surged earlier this week in a brief revival of the meme stock trade. Meanwhile, in a separate statement, GameStop said it now expects net first-quarter sales in the range of $872 million to $892 million, down from around $1.24 billion in the same quarter last year. GameStop's first-quarter net loss is expected to be between $27 million and $37 million, narrower than a net loss of $50.5 million in the year-earlier period.
Persons: FactSet, GameStop's, Keith Gill Organizations: GameStop
The sale comes after GameStop shares surged earlier this week in a brief revival of the meme-stock trade. Reddit — The social media stock popped 12% after Reddit announced a partnership with OpenAI. Take-Two Interactive — Shares of the video game publisher were up about 1% after its quarterly report showed stronger-than-expected bookings. Revenue guidance of $3.1 billion to $3.15 billion was also softer than the $3.3 billion expected by Wall Street. JD.com — The Chinese e-commerce stock advanced 2.2% on the heels of a Macquarie upgrade to outperform from neutral.
Persons: Reddit, OpenAI, Doximity, Globant, DXC, Tilray, Coinbase, JD.com, Macquarie, Jefferies, Yun Li, Jesse Pound, Samantha Subin, Hakyung Kim Organizations: GameStop, OpenAI, Reuters, Microsoft, Nvidia, Bloomberg Law, Globant SA, Technology, FactSet, Wall, Bank of America, Macquarie, DuPont de Nemours, Jefferies
Meme stocks are in the spotlight this week. These so-called meme stocks, which gained popularity through social media platforms like Reddit and X (formerly known as Twitter), have attracted retail investors looking to make a quick profit. Future of meme stocks One analyst, who has previously been bearish on GameStop and tech stocks, said that while fundamentals for the stock have improved, GameStop is still in the "danger zone." 'Danger zone' stocks Here are some other stocks Trainer says is in his "danger zone" list, which also includes his "zombie stocks." He cited its "continuing deterioration" of its fundamentals, including its "unsustainable" expenses and steady cash burn.
Persons: David, Trainer, DoorDash's, Yun Li Organizations: GameStop, AMC, CNBC Pro, AMC Entertainment Holdings, Tilray
Total: 25