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☆ Milan’s Via Monte Napoleone is now the world’s most expensive shopping street
▼ + stars: | 2024-11-20 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

London CNN —Milan’s Via Monte Napoleone has beat out New York’s Fifth Avenue to become the world’s most expensive shopping street, marking the first time a European city has topped the rankings. The Gucci store on Fifth Avenue in New York City, seen in March 2024. In April, Gucci parent Kering paid €1.3 billion ($1.4 billion) to acquire a building on Via Monte Napoleone from a subsidiary of Blackstone. The world’s 10 most expensive shopping locations, by rent per square foot, according to Cushman & Wakefield:1. Via Monte Napoleone, Milan2.

Persons: Thomas Casolo, ”, Gucci, Michael M, Robert Travers, Kering, Blackstone . Chanel, Versace, Cartier, Celine Organizations: London CNN, New, Cushman &, Bond, Hong, Cushman, Wakefield’s, Italy, CNN, Via, Blackstone ., Henley & Partners, Cushman & Wakefield, New Bond, Tsui, Pitt, Mall Locations: Napoleone, Cushman & Wakefield, Paris, New York City, Europe, East, Africa, Via Monte Napoleone, Bottega, Milan, New York, London, Hong Kong, Ginza, Tokyo, Bahnhoftstrasse, Zurich, Sydney, Myeongdong, Seoul, Kohlmarkt, Vienna

☆ Trump names former House Democrat Tulsi Gabbard to be director of national intelligence
▼ + stars: | 2024-11-13 | by ( Zoë Richards | ) www.cnbc.com time to read: +2 min

Former Rep. Tulsi Gabbard (R-HI) takes the stage during a Republican presidential nominee, former U.S. President Donald Trump campaign rally at Lancaster Airport on November 03, 2024 in Lititz, Pennsylvania. President-elect Donald Trump on Wednesday said that he will nominate Tulsi Gabbard, a former House Democrat who became a high-profile Trump supporter, to be director of national intelligence. "For over two decades, Tulsi has fought for our Country and Freedoms of all Americans," Trump said in a statement. In August, she endorsed Trump, began working as a co-chair for his transition team and helped him prepare for his debate against Vice President Kamala Harris. Before campaigning for president, Gabbard served in the House from 2013 to 2021 and was vice chairwoman of the Democratic National Committee from 2013 to 2016.

Persons: Tulsi Gabbard, Donald Trump, Tulsi, Trump, Gabbard, Kamala Harris, Joe Biden, George W, Bush, Bashar al, Assad, We've, Trump's Organizations: Republican, Lancaster Airport, Democrat, Trump, Freedoms, Intelligence, Democratic Party, Republican Party, Democratic, Democratic National Committee, Army Reserve, Democrats Locations: Lititz , Pennsylvania, East, Africa

Three U.S. airlines have suspended flights to Haiti after a Spirit Airlines jet was struck by gunfire. Some see Rubio as one of the “less MAGA” options but is still someone “Trump’s base could trust,” a Trump ally said. Trump’s first Cabinet pick was Rep. Elise Stefanik of New York, to serve as ambassador to the United Nations. Hours later Trump announced his second Cabinet selection, former Rep. Lee Zeldin, to oversee the Environmental Protection Agency. The State Department is advising against travel to Haiti in the midst of violent political turmoil.

Persons: Donald Trump, Trump, Patrick T, Fallon, Donald Trump’s, Sen, Marco Rubio, Rubio, ”, Trump’s, Elise Stefanik, Lee Zeldin, Zeldin, Joe Biden’s, Stephen Miller, Miller, Mike Waltz, Ruben Gallego, Republican Kari Lake, ➡️ Trump, Christopher Wray, ➡️, —, MAGA, “, Kayla Smith, Jillaine St.Michel, Rebecca Vincen, Brown, Julie Lyons, Emily Corrigan, Jennifer Adkins, Richard Allen, Crews, Aaron Rodgers, Peter Guo, Calpak, Elizabeth Robinson Organizations: Spirit Airlines, Getty, United Nations, The, Republican Conference, Trump, Environmental Protection Agency, Trump’s Cabinet, Green Beret, Armed Services, Foreign Affairs, Intelligence, Democratic, Republican, Senate, State Department, JetBlue, New York City, American Airlines, The State Department, Women, Center for Reproductive, East, New York Jets, Riding Army, NBC, Walmart, Casper Locations: U.S, Haiti, AFP, Marco Rubio of Florida, New York, Israel, Gaza, Florida, Afghanistan, East, Africa, He’s, Arizona, Fort Lauderdale , Florida, Port, Prince, Dominican Republic, Miami, Idaho, Portland , Oregon, Ada County, Indiana, Delphi, West, New Jersey, California, China, Kaifeng, Asia

President-elect Donald Trump has picked Rep. Mike Waltz, R-Fla., to be his national security adviser, according to four sources familiar with the decision. Since 2019, he has represented a congressional district in the House, where he's a member of the Armed Services, Foreign Affairs and Intelligence committees. Like many congressional Republicans, Waltz has also criticized U.S. aid to Ukraine in its war against Russia. The role of White House national security adviser doesn’t require Senate confirmation. Waltz joins Rep. Elise Stefanik of New York as the second House Republican Trump has tapped for posts in his new administration.

Persons: Donald Trump, Mike Waltz, didn’t, Waltz, Vladimir Putin, doesn’t, Elise Stefanik, House Republican Trump Organizations: Green Beret, Armed Services, Foreign Affairs, Intelligence, Street Journal, China Task Force, Republicans, NPR, U.S ., White House, House Republican, United Nations Locations: Afghanistan, East, Africa, China, He's, Ukraine, Russia, U.S, New York

☆ Trump’s Cabinet picks could be complicated by GOP math in the House
▼ + stars: | 2024-11-12 | by ( Sarah Ferris | ) edition.cnn.com time to read: +4 min

CNN —Plenty of House Republicans are privately jockeying for President-elect Donald Trump’s Cabinet. “I have 10 colleagues who think they’re going to the Cabinet,” one House GOP lawmaker quipped, speaking on the condition of anonymity to discuss internal dynamics. But you’re not going to let three or four go.”Inside the House GOP, many lawmakers and senior aides have long assumed Stefanik would go to the Cabinet. She and Texas Rep. Ronny Jackson, Trump’s former physician, are considered to have some of the tightest relationships between Trump and the House GOP. And privately, Reps. Anna Paulina Luna and Cory Mills have also expressed interest, according to a Florida GOP source.

Persons: Donald Trump’s, There’s, Mike Johnson can’t, Elise Stefanik, Mike Waltz, Mike Rogers, Sam Graves —, won’t, Johnson, ”, Kelly Armstrong, “, Mike, that’d, we’ve, you’re, Ronny Jackson, George W, Bush, Trump, Matt Gaetz, Brian Mast, Byron Donalds, Carlos Gimenez, Greg Steube, Anna Paulina Luna, Cory Mills, Garret Graves, Matt Rosendale, Florida Sen, Marco Rubio, Bill Hagerty, Mike Lee of, Tom Cotton of, Eric Schmitt of Organizations: CNN, of, Republicans, Trump, Monday, New York, Florida, Armed, GOP, North, ”, Texas, Green Beret, Florida GOP, Transportation, Department of Veterans Affairs, Eric Schmitt of Missouri Locations: Washington, North Dakota, Afghanistan, East, Africa, Florida, Garret Graves of Louisiana, Matt Rosendale of Montana, Pennsylvania, Arizona, Sens, Tennessee, Mike Lee of Utah, Tom Cotton of Arkansas

Representative Michael Waltz (R-FL) speaks on Day 3 of the Republican National Convention (RNC), at the Fiserv Forum in Milwaukee, Wisconsin, U.S., July 17, 2024. President-Elect Donald Trump has picked Rep. Mike Waltz, R-Fla., to serve as his national security adviser, according to four sources familiar with the decision. The role of White House national security adviser does not require Senate confirmation. Waltz joins New York Rep. Elise Stefanik as the second House Republican to be tapped by Trump for a post in his new administration. Trump selected Stefanik to serve as U.S. ambassador to the United Nations.

Persons: Michael Waltz, Donald Trump, Mike Waltz, Waltz, Vladimir Putin, Elise Stefanik, Trump Organizations: Republican National Convention, Green Beret, Armed Services, Foreign Affairs, Intelligence, Street Journal, NSA, China Task Force, Republicans, NPR, U.S ., White House, New York, Republican, Trump, United Nations Locations: Milwaukee , Wisconsin, U.S, Afghanistan, East, Africa, China, He's, Ukraine, Russia

☆ Trump’s emerging team of loyalists is primed for a fast start in his second term
▼ + stars: | 2024-11-12 | by ( Stephen Collinson | ) edition.cnn.com time to read: +12 min

Miller was a powerful White House aide in Trump’s first term, authoring much of his most fiery scripted rhetoric as a speechwriter. Yet despite these draconian visions, there’s uncertainty about how far Trump will go in his deportation program and whether it matches his dystopian speeches. Many Democrats and Republicans could agree on Trump’s vow to start by deporting criminal undocumented migrants — the easiest part of his plan. Trump’s critics and vulnerable undocumented migrants, however, will find little in the president-elect’s new staff picks to offer them comfort. In every incoming presidential administration, staffing is important and provides ideological clues to how a White House will act.

Persons: Donald Trump, he’s, Elon Musk, Stephen Miller, he’d, Tom Homan, Trump, Marco Rubio, CNN’s Kaitlan Collins, Rubio, Donald J, ” Rubio’s, Elise Stefanik, Mike Waltz, ” Rubio, Lee Zeldin, Zeldin, ’, don’t, James Comey, Susie Wiles, Homan, Miller, George W, Waltz, Donald Rumsfeld, Robert Gates . Homan, Alyssa Farah Griffin, ” Griffin, CNN’s Erin Burnett, Trump’s, there’s, —, ”, ” Miller, Trump . Chad Wolf, ” Wolf, CNN’s Jake Tapper, Biden, Vladimir Putin, Volodymyr Zelensky’s Organizations: CNN, it’s, White, Fox News, Democratic, Republican, Republican National Convention, The New York Times, GOP, United Nations, New York, Florida, New York Rep, Environmental Protection Agency, FBI, Senate Foreign Relations, Intelligence, Harvard, Bush, Wing, Customs, Army, Trump White House, CBS, Trump, Conservative Political, Conference, Trump ., Hamas, Democratic Party, Biden Locations: Washington, Lago, Trump’s, Madison, Florida, America, China, Zeldin, Afghanistan, East, Africa, Ukraine, Gaza, Israel, Europe

☆ Payments giant Adyen reports 21% jump in third-quarter sales
▼ + stars: | 2024-11-07 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Adyen reported a big miss on first-half sales Thursday. Adyen reported a jump in sales in the third quarter as the Dutch payments firm gained wallet share and added new customers, diversifying its merchant mix. The company, whose technology allows businesses to accept payments online and in-store, reported third-quarter net revenue of 498.3 million euros ($535.5 million), up 21% year-on-year on a constant currency basis. Payments firms saw a boost from an increase in online shopping during the height of the Covid-19 pandemic. But in recent years, companies such as Adyen have faced pressure from lower consumer spending.

Persons: Adyen Organizations: North Locations: U.S, Canada, Europe, East, Africa, North America

☆ Linde falls after its guidance fails to wow the market. We've seen this movie before
▼ + stars: | 2024-10-31 | by ( Jeff Marks | ) www.cnbc.com time to read: +8 min

To be sure, it wasn't the typical beat-and-raise quarter that Linde has become known for over the years. Linde Why we own it: The industrial gas supplier and engineering firm has a stellar track record of consistent earnings growth. It increased to $10 billion thanks to the largest gas project sale in company history. Other companies in the industrial gas space have a shakier track record at this, especially for clean hydrogen projects. Guidance For the fourth quarter, Linde expects adjusted EPS in the range of $3.86 to $3.96, implying 8% to 10% growth compared with the year-ago period.

Persons: Linde, —, Sanjiv Lamba, shouldn't, Lamba, Jim Cramer's, Jim Cramer, Jim Organizations: Linde, Revenue, LSEG, LIN, Products, CNBC, Tanks, Bloomberg, Getty Locations: Americas, Europe, Middle East, Africa, Asia, China, India, Dow Chemical's Fort Saskatchewan

☆ The world’s best bars for 2024 announced
▼ + stars: | 2024-10-23 | by ( Lilit Marcus | ) edition.cnn.com time to read: +4 min

CNN —A two-level speakeasy in Mexico City’s hip Colonia Juarez neighborhood has been proclaimed the world’s best bar. Handshake Speakeasy clinched the title last night in Madrid, where a splashy awards ceremony was held by the World’s 50 Best association. The World’s 50 Best voters are a mix of industry professionals, including bartenders and food and drink writers. Named after a classic Japanese hairstyle, it was ranked the Best Bar in the Middle East and Africa this year. I also know it’s impossible to have everyone deserving of a place, mentioned on this list, so just keep doing the great things you are doing!”The world’s 50 best bars for 2024

Persons: Speakeasy, Hong Kong’s, ”, Barcelona’s, Singapore’s, Mimi Kakushi, Iain McPherson, Edinburgh’s, . McPherson, “ Congrats Organizations: CNN, El, Pony, Travelers, Mexico City, ., Scotland Locations: Mexico, Colonia Juarez, Madrid, Hong Kong’s Italian, Asia, London, Athens, Tokyo, Sydney, Lima, Shinjuku, Singapore, Rosewood, Connaught, Mayfair, Dubai, East, Africa, New York City, Buenos Aires

☆ Coca-Cola tops earnings estimates, as higher prices offset sluggish demand
▼ + stars: | 2024-10-23 | by ( Amelia Lucas | ) www.cnbc.com time to read: +4 min

Coca-Cola on Wednesday reported quarterly earnings and revenue that topped analysts' expectations, thanks to a boost from higher prices that offset sluggish demand. Unit case volume fell 1% in the quarter, driven by weakening demand in some international markets. Consumer companies, including Coke, have reported in recent months that customers are more price sensitive, leading to sluggish demand for its products as prices remain high. Pepsi said volume for its North American beverage business fell 3% in its third quarter, fueled by weakening demand for energy drinks. Coke is projecting a low-single-digit headwind for comparable revenue and a mid-single-digit headwind for earnings per share.

Persons: Coke, Quincey Organizations: LSEG, Consumer, PepsiCo, Quaker Foods, Pepsi, CPI Locations: U.S, North America, Chico, Europe, Middle East, Africa, Asia, Pacific, China, Turkey, Latin America, Argentina

☆ Two US service members injured in raid that killed ISIS operatives In Iraq, Pentagon says
▼ + stars: | 2024-10-22 | by ( Michael Conte | ) edition.cnn.com time to read: +4 min

CNN —Two US service members were injured in Iraq in a joint US-Iraqi raid overnight that killed “multiple ISIS operatives,” according to a Defense Department spokesperson. A defense official said Wednesday that both service members had been transferred to Landstuhl Regional Medical Center in Germany and were still in stable condition. “Overnight, CENTCOM [US Central Command] and Iraqi security forces conducted a partner raid in Iraq targeting several senior ISIS leaders,” said Ryder. Iraq’s Higher Military Commission had aimed to propose an end date for Operation Inherent Resolve, the US military operation combatting ISIS. “We continue to focus our efforts on specifically targeting those members of ISIS who are seeking to conduct external operations outside of Iraq and Syria and those ISIS members attempting to break out ISIS members in detention in an attempt to reconstitute their forces.”Earlier this month, the head of the United Kingdom’s domestic security service MI5 said that ISIS, along with al Qaeda, are presenting a “resurgent” threat.

Persons: Patrick Ryder, Ryder, ”, “, Wali, Mazrouei Abu Abdul Qader, CENTCOM, Erik Kurilla, they’ve, ’, Ken McCallum, CNN’s Mohammed Tawfeeq Organizations: CNN, ISIS, Defense Department, Pentagon, Regional Medical Center, Command, Iraqi Joint Operations Command, Iraq, Iraq’s, Commission, Hezbollah, Israel, United Locations: Iraq, Germany, Iraqi, CENTCOM, Wali Iraq, “, Syria, Israel, Lebanon, Gaza, Iran, East, Africa, al Qaeda, London

☆ The Russian arms dealer who was exchanged for Brittney Griner is trying to sell weapons to the Houthis: report
▼ + stars: | 2024-10-07 | by ( Joshua Nelken-Zitser | ) www.businessinsider.com time to read: +4 min

Viktor Bout is brokering weapons sales to Iran-backed Houthis in Yemen, per The Wall Street Journal. Houthi rebels have been attacking commercial shipping in the Red Sea since last year. AdvertisementThe notorious Russian arms dealer, who was exchanged for US basketball star Brittney Griner two years ago, is trying to sell weapons to the Iran-backed Houthis in Yemen, according to The Wall Street Journal. According to an April Defense Intelligence Agency report, container shipping through the Red Sea has declined massively, alternative shipping routes are increasing voyage costs, and insurance premiums for Red Sea transits have spiked. While the weapons deal reportedly orchestrated by Viktor Bout does not involve anti-ship missiles, it would still represent a notable Russian intervention in the ongoing Red Sea crisis.

Persons: Viktor Bout, Brittney, Houthi, —, Griner, Louise Nevill, Marsh, Antony Blinken, Blinken Organizations: Street, Service, US, Wall Street, Kremlin ultranationalist, Kremlin, Business, April Defense Intelligence Agency, Reuters, Ukraine Locations: Iran, Yemen, Red, Europe, East, Africa, Russia, Moscow, Israel, Gaza

☆ U.S. ‘Welcome Corps’ helps resettle LGBTQ refugees fleeing anti-gay crackdowns
▼ + stars: | 2024-10-02 | by ( The Associated Press | ) www.nbcnews.com time to read: +4 min

He was sexually assaulted in a Libyan prison, harassed in Tunisia and tried unsuccessfully to take a boat to Europe. Ngounou joined a growing number of LGBTQ people accepted into the Welcome Corps, which launched last year and pairs groups of Americans with newly arrived refugees. “LGBTQ refugees are forced to flee their homes due to persecution and violence, not unlike other people,” said Jeremy Haldeman, deputy executive director of the Community Sponsorship Hub, which implements the Welcome Corps on behalf of the State Department. The demand far outstrips capacity: Of more than 15,000 requests for help in 2023, the nonprofit helped resettle 23 refugees through the Welcome Corps program in cities as large as Houston and towns as small as Arlington, Vermont. Another refugee in the program, Julieth Luna Garcia, is a transgender woman from El Salvador who settled in Chicago.

Persons: Cabrel, Ngounou’s, Ngounou, ” Ngounou, “, ”, Lori Ostlund, Anne Raeff, Terry Chea, Joe Biden, Donald Trump, Trump, JD Vance, Biden, Jeremy Haldeman, ” Kathryn Hampton, ” Hampton, Julieth Luna Garcia Organizations: Welcome Corps, Biden Administration, State Department, U.S, Rainbow Railroad Locations: Cameroon, —, Tunisia, Europe, United States, San Francisco, America, Gaza, U.S, Ohio, “, East, Africa, Houston, Arlington , Vermont, El Salvador, Chicago

☆ The world’s best airline rewards programs, according to Point.me
▼ + stars: | 2024-09-12 | by ( Marnie Hunter | ) edition.cnn.com time to read: +6 min

CNN —Having trouble navigating the complicated, often frustrating, world of airline loyalty programs? 1 airline rewards program, according to the rankings. Last week, the US Department of Transportation announced a consumer protection probe into US airlines’ loyalty programs. World’s top 10 airline rewards programsHere are the top 10 programs globally and their scores on a 100-point scale, according to Point.me’s analysis:1. SeongJoon Cho/Bloomberg/Getty ImagesNorth America’s top 10 airline rewards programsHere are the top 10 programs in North America and their scores on a 100-point scale, according to Point.me’s analysis:1.

Persons: CNN —, ”, Tiffany Funk, Point.me, Canada’s Aeroplan, Funk, Delta, Avianca, they’re, ” Funk, SeongJoon Cho, Allegiant Organizations: CNN, Air France, KLM, Air, United, ” United Airlines, Virgin Atlantic, British Airways, JetBlue, Delta Air Lines, Delta, North, Canada’s, Qatar Airways Privilege, Cathay Pacific, Singapore Airlines KrisFlyer, US Department of Transportation, American Airlines, Southwest Airlines, United Airlines, Air Canada, British Airways Executive, Virgin Atlantic Flying, Alaska Airlines, JetBlue TrueBlue, Bloomberg, Getty, Southwest Airlines Rapid, Airlines, Spirit Airlines, Qatar Airways, Cathay Locations: Alaska, Latin America, East, Africa, Cathay Pacific Asia Miles, Asia, Pacific, Air France, North America, Europe, Middle East, Oceania

☆ Amazon makes £8 billion UK investment to build cloud and AI infrastructure
▼ + stars: | 2024-09-10 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Cesc Maymo | Getty Images News | Getty ImagesLONDON — Amazon Web Services (AWS), the U.S. e-commerce giant's cloud division, announced plans to invest £8 billion ($10.45 billion) over the next five years to build and operate data centers in the U.K. as it ramps up its cloud computing efforts in the country. "So this will go toward helping our customers to really be able to harness cloud computing, because you need the data centers to be able to actually provide cloud computing for our customers." AWS, along with other cloud players, has been investing heavily in infrastructure, such as data centers and Nvidia chips, in order to train and run AI models. AWS competes with Microsoft and Google in the U.K. and its investment continues the company's focus on expansion in Europe. AWS said this year it plans to invest 8.8 billion euros in existing cloud infrastructure in Germany.

Persons: Cesc Maymo, We've Organizations: Getty, Web Services, London, CNBC, Nvidia, Microsoft, Google Locations: Italy, Europe, U.S, East, Africa, Germany

☆ Sudan at a ‘breaking point’ as civil war rages, UN agency says
▼ + stars: | 2024-08-12 | by ( Michael Mitsanas | ) edition.cnn.com time to read: +3 min

CNN —Sudan is at a “breaking point,” a United Nations agency said Monday, as a growing number of people need food, water, shelter and medical care in a country devastated by intensifying war. “We are at breaking point, a catastrophic, cataclysmic breaking point,” he added. Earlier this month, the UN-backed Famine Review Committee said at least one refugee camp in Sudan’s Darfur region is experiencing famine, which the agency has only declared twice in Sudan’s history. “This was the only safe route for humanitarian aid to reach Central & (South) Darfur,” the agency said Monday in a post on X. “We’ve had extensive engagement with the SAF,” Tom Perriello, the US special envoy for Sudan, told reporters Monday, according to the news agency.

Persons: ” Othman Belbeisi, “ We’ve, Tom Perriello, ” Organizations: CNN, United, Sudanese Armed Forces, SAF, Rapid Support Forces, UN, International Organization for Migration, Food, IOM, US, AP Locations: Sudan, United Nations, East, Africa, Sudan’s Darfur, ”, Darfur, Saudi Arabia, Switzerland, Saudi, Jeddah

☆ Linde extends its streak of earnings beats, flexes ability to handle any economy
▼ + stars: | 2024-08-02 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +9 min

Linde Why we own it: The industrial gas supplier and engineering firm has a stellar track record of consistent earnings growth. We're not the only investors who have come to covet the company's ability to deliver steady earnings growth regardless of the economic conditions. But if there is a worsening of economic conditions, Lamba said Linde will take action quickly to protect profits. "That was just a very solid quarter," Jim Cramer said Friday. Guidance For the third quarter, Linde expects adjusted EPS in the range of $3.82 to $3.92, implying 5% to 8% growth compared with the year-ago period.

Persons: Linde, LSEG, . Linde, —, We're, South America —, Sanjiv Lamba, Lamba, Matthew White, White, Jim Cramer, Jim Cramer's, Lin, Jim, Rolf Schulten Organizations: Revenue, Products, Linde, LIN, Taiwan Semiconductor Manufacturing Company, Linde's, CNBC, Bloomberg, Getty Locations: North America, America, South America, U.S, It's, Arizona, Americas, Europe, Middle East, Africa, Linde's Asia, China, Leuna, Germany

☆ Surging AI data center demand will benefit these dividend-paying real estate stocks, says Moody's
▼ + stars: | 2024-07-30 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

As data center demand continues to surge, two real estate investment trusts are well positioned to benefit, according to Moody's Ratings. "Despite rapid growth in data center capacity in recent years, it has been unable to keep pace with surging demand," she wrote. "We forecast that data center capacity will need to more than double by 2028 to meet our unconstrained forecast for power consumed by data centers." Digital Realty Trust and Equinix , diversified data center landlords, are investing in projects across the globe to meet this demand, Venkatesan said. "Therefore, hyperscalers will maintain data center capacity in more locations than in the past."

Persons: Ranjini Venkatesan, Venkatesan, Hindenburg, Equinix Organizations: Realty Trust, Digital Realty Trust, Hindenburg Research Locations: Americas, Europe, East, Africa, Asia, APAC

☆ Elhedery named as third HSBC CEO in less than eight years
▼ + stars: | 2024-07-17 | by ( ) edition.cnn.com time to read: +3 min

HSBC has appointed its Chief Financial Officer Georges Elhedery as its next CEO, the bank said Wednesday. While the 160-year-old lender did consider external candidates, it has traditionally appointed its CEO from within. Elhedery’s appointment comes as HSBC (HSBC) tries to shift from restructuring to growth, at a time when helpful interest rate hikes may have peaked and geopolitical tensions simmer. Elhedery began his career in banking as a trader before joining HSBC in 2005. Quinn, who led HSBC for five years, will remain CEO until Elhedery starts in the role.

Persons: Georges Elhedery, Elhedery, Noel Quinn, ”, Matt Britzman, Hargreaves Lansdown, Iain Pyle, Ping, Quinn, Stanley Tsai, might’ve, it’s Organizations: HSBC, abrdn, Greater, China’s Bank of Communications Locations: Lebanon, Hong Kong, Asia, Greater China, China, East, Africa

☆ Samsung is developing AI features specifically for China as it looks to claw back into market
▼ + stars: | 2024-07-12 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +3 min

TM Roh, head of Samsung's mobile business, talks about Galaxy AI at the Galaxy Unpacked event in Paris, France. On Wednesday, Samsung launched two new foldable smartphones with new AI features as it continues to build up capabilities. PARIS — Samsung is developing its suite of artificial intelligence features known as Galaxy AI specifically for the Chinese market, the company's mobile chief told CNBC, as it looks to regain market share that has been decimated by local players. But China, the world's biggest smartphone market, has been a struggle for Samsung over the last few years. Foreign firms looking to launch AI features in China likely need to partner with local companies.

Persons: Roh, Roh didn't, Ernie chatbot, Francisco Jeronimo, Jeronimo Organizations: Galaxy, Samsung, CNBC, Huawei, Baidu, Samsung's, Apple, Apple Intelligence, IDC, Xiaomi Locations: Paris, France, PARIS, China, Europe, East, Africa

☆ Germany moves to ban China’s Huawei, ZTE from its 5G network
▼ + stars: | 2024-07-11 | by ( Hanna Ziady | ) edition.cnn.com time to read: +2 min

London/Berlin CNN —Germany will phase out components made by China’s Huawei and ZTE from its 5G wireless network over the next five years, a move that risks worsening its already strained relations with the world’s second-largest economy. By the end of 2029, these components must also be purged from “access and transport networks,” which include the physical parts of the 5G network such as transmission lines and towers. Last week, Berlin blocked the sale of a Volkswagen subsidiary to a Chinese state-owned company on national security grounds, drawing a rebuke from Beijing. China is also locked in a trade spat with the European Union, which hiked tariffs on Chinese electric cars last month. The US also placed Huawei on a trade restriction list in 2019, which made it harder for the company to obtain semiconductor chips from American suppliers.

Persons: China’s, Nancy Faeser, “ Organizations: Berlin CNN —, China’s Huawei, ZTE, Mobile, Vodafone, Deutsche Telekom, Telefonica, CNN, Huawei, Volkswagen, European Union, China’s Ministry of Foreign Affairs Locations: Berlin, Berlin CNN — Germany, Germany, China, Beijing, United States, United Kingdom, Australia, Japan, Europe, East, Africa

☆ Samsung launches the Galaxy Ring — a first-of-its-kind product for the tech giant
▼ + stars: | 2024-07-10 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +5 min

The Samsung Galaxy Ring has the ability to track various health metrics such as heart rate. Arjun Kharpal | CNBCPARIS — Samsung launched the Galaxy Ring on Wednesday, its first foray into "smart rings." Exercise: The Galaxy Ring can detect the kind of workout or activity a person is doing. The Samsung Galaxy Ring will be available on July 24 and starts at $399.99. Samsung ecosystem playOn Wednesday, Samsung also took the wraps off its latest smartwatches — the Galaxy Watch7 and Galaxy Watch Ultra.

Persons: Arjun Kharpal, —, Paolo Pescatore, Pescatore, Kharpal, Francisco Jeronimo, Apple, Ben Wood Organizations: Samsung, CNBC PARIS, Apple, PP Foresight, CNBC, Galaxy, Wednesday, Galaxy Watch, Samsung Galaxy Watch, Korean, IDC, CCS Insight Locations: Paris, France, Europe, East, Africa

☆ These are Jefferies best stock ideas heading into the second half
▼ + stars: | 2024-06-28 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Jefferies highlighted its best global stock picks as the second half of the year approaches, representing the firm's highest-conviction stocks with a buy rating. With its price target at 1,260 euros, he sees about 22.6% upside from Thursday's close. BofA also raised its price target by $193, or 146 euros, and maintained its buy rating on the stock. Petersen anticipates stock upside due to a stronger growth rate of data center chip sales. On Wednesday, the firm upgraded the stock to outperform from market perform and raised its price target by $26 to $170.

Persons: Jefferies, Janardan Menon, Menon, BofA, Lloyd Byrne, Jonathan Petersen, Petersen Organizations: Bank of America, Union semicaps, ConocoPhillips, Marathon, Digital Realty, BMO Capital Markets, Microsoft, Nintendo Locations: United States, Latin America, Europe, Middle East, Africa, Asia

☆ Using options to bet on a Nike turnaround as earnings loom
▼ + stars: | 2024-06-27 | by ( Michael Khouw | ) www.cnbc.com time to read: +3 min

Nike, which reports earnings after the bell Thursday, is trading at less than 24 times forward earnings. That's well below the longer-term average of about 29 times forward earnings. On Wednesday, Nike traded more than two times its average daily options volume. The most active call options were the September 100 calls, 8,000 of which traded at an average price of around $3.22. Declining sales (inflation-adjusted) and market share, leading to declining investor confidence, explain the lower-than-average historical multiple.

Persons: Nike's Organizations: Nike, Wednesday, North, Bloomberg, Dick's Sporting Goods, Olympic, CNBC, NBC UNIVERSAL Locations: —, NKE, China, Asia, Pacific, America, Europe, Middle East, Africa

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