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Broadcom is emerging as a strong AI stock pick, according to Citi. The bank said Broadcom is seeing an uptick in its AI business as it gains new customers like OpenAI and Bytedance. "We also believe there is some investor fatigue with NVDA," Citi said. AdvertisementBroadcom is gaining ground on Nvidia as the next hot AI stock among investors, according to a Monday note from Citi. We also believe there is some investor fatigue with NVDA," Citi said.
Persons: Organizations: Broadcom, Citi, Service, Nvidia, Nasdaq, VMware, NXP Semiconductors, Micron, MU, Samsung Locations: New York, Connecticut, 3Q24
CNN —US Secret Service Director Kimberly Cheatle faced off Monday with angry lawmakers from both parties, who grilled her over the stunning security failures that led to the recent assassination attempt against Donald Trump. Before Trump took the stage at the rally, the director said, the Secret Service had been notified “between two and five times” that there was a suspicious person in the area. Democratic Rep. Ro Khanna pointed out that the Secret Service director who ran the agency when Reagan was shot eventually resigned from his post. Before Trump took the stage on July 13, the Secret Service had been notified “between two and five times” that there was a suspicious person in the area, Cheatle said. Female agents who were part of Trump’s Secret Service detail were photographed shielding the former president after the failed assassination attempt.
Persons: Kimberly Cheatle, Donald Trump, Cheatle, Trump, Jamie Raskin, won’t, , Ronald Reagan, Ro Khanna, Reagan, ” Khanna, , ” Cheatle, Nancy Mace, ” Mace, James Comer, Jim Jordan, ” Jordan, Cheatle’s, Thomas Matthew Crooks, Crooks, didn’t, there’s, “ I’m, CNN Cheatle, ” Comer, Shontel Brown, “ You’re, rallygoers, Russell Fry, Raskin homed, Corey, Comperatore, President Trump, Butler, ” Raskin, Rep, Gerry Connolly, Connolly Organizations: CNN, Secret, Service, Rep, Democratic, Secret Service, America, GOP Rep, GOP, Trump, ” CNN, Republican, Democrat, FBI, ” Democratic Locations: Butler , Pennsylvania, Butler, South Carolina
Democrats Cleared the Path for Harris’s Nomination
  + stars: | 2024-07-22 | by ( Matthew Cullen | ) www.nytimes.com   time to read: +1 min
Vice President Kamala Harris has already secured the endorsement of the vast majority of elected Democrats, just a day after President Biden made the stunning announcement that he was dropping his re-election bid. Few obvious challengers to her nomination remain, as the party anxiously looks to move past the divisions that have torn it apart for weeks. She also secured the backing of Nancy Pelosi, the former speaker of the House, who continues to wield considerable influence in the Democratic Party. A few other key Democrats, like Barack Obama, have so far not endorsed Harris. This morning, the vice president made her first public appearance since Biden ended his campaign.
Persons: Kamala Harris, Biden, Harris, JB Pritzker, Gretchen Whitmer, Nancy Pelosi, Barack Obama, Organizations: Illinois, Democratic Party Locations: Michigan
Read previewPresident Joe Biden's ditched election bid has gone viral in China, where online consensus is veering toward former President Donald Trump's campaign rhetoric. AdvertisementVice President Kamala Harris met briefly with Chinese leader Xi Jinping in 2022 at her request during the APEC forum that year. As for Trump, the former president is often the subject of memes in China, mocking him as a secret agent for Beijing. Montages of Harris laughing on camera have also surfaced in China, though most are not derogatory. Most July polls put either Democratic leader behind Trump, though typically by a slim disadvantage of one to five percentage points.
Persons: , Joe Biden's, Donald Trump's, Kamala Harris —, Biden, Harris, Joe Biden, Trump, there's, Wu Dalang, Xi Jinping, Antony Blinken, Kamala Harris, Ding Haitao, She's, Doug Emhoff, Blinken —, China —, Laffin, Kamala Organizations: Service, Democratic, White, Business, Republican, APEC, Getty, Trump, Biden Locations: China, Gansu, Weibo, Bangkok, Xinhua, Beijing, Trump
The military said it was moving further into Khan Younis because Hamas was trying to regroup there and had used part of what was designated a humanitarian zone to fire rockets toward Israel. The military also noted that it had warned civilians earlier on Monday, before it began its operations, to leave the “specific areas of Khan Younis,” shrinking the zone it had identified for people displaced from their homes by the war. The Gazan health ministry said 70 bodies were brought to Nasser Hospital, and at least 200 other people had been wounded, figures that could not be confirmed independently, adding that others were almost certainly buried under rubble. The Palestine Red Crescent said its teams in the area had dealt with at least 12 people who had been killed and 50 wounded. Mohammed Saqer, the director general of nursing at Nasser Hospital in Khan Younis, said hundreds of injured men, women, children and older people had been brought to the hospital, which lacked mattresses, blankets, syringes and other essentials.
Persons: Khan Younis, Crescent, Mohammed Saqer Organizations: Nasser Hospital Locations: Gaza, Israel, Palestine, Khan
Apple got a price target increase from Wells Fargo. As catalysts, Boss cited broad-based demand for Abercrombie, growth upside for Hollister and a ramp-up in Abercrombie's international brand momentum. Analyst James Faucette also lifted his price target to $175 from $154. Fidelity National Information Services stock closed at $75.25 on Friday afternoon, slightly below analyst James Faucette's $79 price target. — Lisa Kailai Han 5:51 a.m.: Wells Fargo raises Apple price target Wells Fargo is getting more bullish on Apple ahead of earnings.
Persons: Apple, Guggenheim, Fitch, Matthew Boss, Abercrombie, Boss, — Lisa Kailai Han, Morgan Stanley, James Faucette, Clover, Faucette, Raymond James, Estee Lauder, Olivia Tong, Tong, James Faucette's, Piper Sandler, Harsh Kumar, Kumar, NVDA, CrowdStrike, John DiFucci, DiFucci, Wells, Aaron Rakers, Fred Imbert Organizations: CNBC, Tech, Apple, JPMorgan, Abercrombie, Abercrombie & Fitch, Fitch, Fidelity National Information Services, Blackwell, Nvidia, Guggenheim, Apple Intelligence Locations: Wells Fargo, CrowdStrike, Hollister, Fiserv, U.S, China, CSPs
The official said that the Secret Service had even tried to deny a request from Trump's team to install metal detectors at his son Barron Trump's high school graduation in May, which the former president attended with his wife, Melania. The official told The Times that the Secret Service had argued that the graduation was not a "political" event before eventually caving in. Secret Service spokesperson Anthony Guglielmi previously said that "there's an untrue assertion that a member of the former president's team requested additional resources and that those were rebuffed." Crooks was killed by a Secret Service sniper. Kimberly Cheatle, the director of the Secret Service, is set to testify before Congress on Monday.
Persons: , Barron Trump's, Anthony Guglielmi, Guglielmi, Butler, Thomas Matthew Crooks, Crooks, Tim McCarthy, Ronald Reagan, Mike Johnson, Kimberly Cheatle, Trump Organizations: Service, New York Times, Trump, Business, Times, Secret, The Times, Secret Service, WGN, Department of Homeland Security Locations: New York City, Butler , Pennsylvania, Bethel Park , PA, Chicago
Here are the top numbers and notes to know from the final round of the 152nd Open Championship. For the second time this season, Schauffele shot a final round 65 to win a major. Schauffele is the first player to win the PGA and Open in the same season since Rory McIlroy did it 10 years ago. With the 2024 major schedule completed, this is the first time American players have swept a major season (in a year when all four were contested) since 1982. Of the last six players to win multiple majors in the same season, four won another major within the next two years.
Persons: Xander Schauffele, Schauffele, Jack Nicklaus, Rory McIlroy, Walter Hagen, Tiger Woods, Tom Watson, Brian Harman’s, Woods, Craig Wood, Billy Horschel, Harry, Bogeys, Horschel, Henrik Stenson’s, Justin Rose, Rose, Lawrence, Lawrence hadn’t, Dan Brown, Royal Portrush, Brown, Scottie Scheffler, Scottie, hasn’t, Scheffler, Justin Thomas ’, Glyn Kirk, Thomas, Matthew NeSmith, Schauffele’s, Collin Morikawa, Russell Henley, Shane Lowry, Jordan Speith, Brooks Koepka, Andy Buchanan Organizations: Royal Troon, 152nd, PGA, Troon, Royal Liverpool, PGA Tour, Merion, Royal, Getty, Royal Troon doled, U.S, Pinehurst Locations: American, Ayrshire, men’s, AFP
In the days following the attempted assassination of former President Donald Trump, Cheatle has done no press conferences and very few interviews. “We would have never let him go out there if we thought there was a threat to him,” one source present with Trump told CNN. Cheatle is a nearly three-decade veteran of the Secret Service, serving in various field offices and vice presidential details including then-Vice President Joe Biden’s detail. Cheatle left the Secret Service in 2021 as the Assistant Director of the Office of Protective Operations - a role she held when the Secret Service scrambled to protect then-Vice President Mike Pence from rioters on January 6, 2021. “I’m very sorry to reach this conclusion: I have no confidence in the leadership of the United States Secret Service.
Persons: Kimberly Cheatle, , Donald Trump, Cheatle, James Comer, ” Comer, , wasn’t, Thomas Matthew Crooks, Crooks, Tom Knights, Trump, weren’t, ” Cheatle, , who’ve, Joe Biden’s, Mike Pence, Mike Johnson, Brendan Boyle, ” Boyle, CNN’s Kristen Holmes, Holmes Lybrand, Aileen Graef Organizations: CNN, United, Secret, Sunday, “ Fox, Republican, Secret Service, Trump, ABC, ABC News, Service, Protective, , Fox News, Pennsylvania Democrat, United States Secret Service Locations: Butler , Pennsylvania, Butler, Trump, Iran, Pennsylvania
What history shows: Data from Bespoke Investment Group shows GM beats earnings expectations 87% of the time. Tesla is set to report earnings after the close. What history shows: Bespoke data shows GM beats earnings expectations 62% of the time. What history shows: Ford earnings exceed estimates nearly 70% of the time, according to Bespoke. This quarter: Earnings for the airline are expected to have fallen more than 10% from the year-earlier period, per LSEG.
Persons: Michael Wayland, Tesla, Elon Musk, Dan Levy, Ben Kallo, Benjamin Black, Jim Farley, Matthew Swanson, Swanson, AAL, Leslie Josephs Organizations: Big Tech, Google, Ford Motor, IBM, General Motors, CNBC, Tuesday, GM, Investment Group, LSEG, Barclays, Energy, Deutsche Bank, Wednesday Ford, Ford, Ford Pro, RBC, Thursday, Airlines, American Airlines, Investors Locations: China
A post in the historical documents section featured the image of a framed item purporting to contain a fragment of George Washington’s tent. The tent fragment came with a note saying it was taken from George Washington's tent that was on display in 1907. Symbols of Washington’s leadershipGeorge Washington’s tents, as explained by the museum, have nearly 250 years of history. Two hundred years ago, he started cutting away pieces of George Washington’s tents as souvenirs. Can you imagine the information and the things that were said within that tent?” Moore asked rhetorically.
Persons: Richard “ Dana ” Moore, George Washington’s, ” Moore, George Washington's, Moore, , “ There’s, I’m, Susan Bowen, Matthew Skic, ” Skic, John Burns, Mary Custis Lee, Washington’s, Martha, Lee’s, George Washington Parke Custis, “ George Washington Parke Custis, Parke Custis, Skic, Burns, Organizations: CNN, Virginia Colony, Museum, American, Smithsonian Locations: Jamestown, Virginia, , Philadelphia, Norfolk , Virginia
Read previewThomas Matthew Crooks, the gunman who attempted to assassinate Donald Trump, flew a drone over the rally site just hours before he opened fire, according to multiple reports. The Secret Service has already received backlash over its role at the event. The Secret Service had excluded the warehouse from its security zone. Crooks was killed by a Secret Service sniper. The director of the Secret Service, Kimberly Cheatle, is set to testify before Congress on Monday.
Persons: , Thomas Matthew Crooks, Donald Trump, Crooks, Butler, Tim McCarthy, Ronald Reagan, Regan, Matt Shoemaker, Mike Johnson, NBC's, Kimberly Cheatle, Anthony Guglielmi, Trump Organizations: Service, Street Journal, Business, NBC News, NBC, Secret Service, WGN, Trump, Defense Intelligence Agency, FBI Locations: Butler , Pennsylvania, Bethel Park , PA, Trump, Chicago
Israel’s military said on Sunday that it had intercepted a missile fired from Yemen, suggesting that the Yemen-based Houthi militia would keep trying to strike Israel, despite the bombing by Israeli fighter jets of a port in Yemen on Saturday. The Houthis, which are backed by Iran, said in a post on the Telegram messaging app that they had launched the missile at Eilat, Israel’s southernmost city on the coast of the Red Sea, “in response to the American, British and Israeli aggression against our country.”The conflict between Israel and the Houthis is escalating at a time when the government of Prime Minister Benjamin Netanyahu is also fighting Hamas in Gaza and trading aerial attacks with Hezbollah, a militia also backed by Iran, across its northern border with Lebanon. Israeli air defenses intercepted a missile that “approached Israeli territory from Yemen” following an air raid siren in the Eilat area, according to a statement by the Israel Defense Forces. The area is a popular beach resort, and mid-July is high season for Israeli vacationers.
Persons: Benjamin Netanyahu, Organizations: Israel Defense Forces Locations: Yemen, Israel, Iran, Eilat, Israel’s, Gaza, Lebanon
The Buffett Indicator is indicating US stocks might be overvalued. AdvertisementWarren Buffett's favorite stock market valuation indicator just hit a record high, signaling that stocks might be highly overvalued. The stock market experienced a painful year-long bear market shortly after the Buffett Indicator peaked in November 2021. But despite the Buffett Indicator's flaws, it is flashing a big warning signal for stock market investors at current levels, according to Bloomstran. Advertisement"I think it's screaming the cap-weighted stock market, the Wilshire 5000 [and] the S&P 500, is incredibly dangerous today.
Persons: Warren Buffett, Buffett, , Warren, Riley, Paul Dietrich, Chris Bloomstran, Semper Augustus, Bloomstran Organizations: Service, Buffett
Read previewDonald Trump's former White House physician said the former president was injured by a bullet in the assassination attempt and that the projectile came close to entering his head. According to a statement posted on X by Ronny Jackson, a former White House physician and now a Texas congressman, a bullet came less than a "quarter of an inch" from entering Trump's head. "The bullet passed, coming less than a quarter of an inch from entering his head, and struck the top of his right ear," Jackson said in the statement. AdvertisementImages from photojournalists showed blood appearing to come from Trump's right ear. Jackson served as the White House physician for former President Barack Obama and the first half of the Trump administration.
Persons: , Donald Trump's, Ronny Jackson, Jackson, Thomas Matthew Crooks, Doug Mills, Trump, Sanjay Gupta, Barack Obama Organizations: Service, White, White House, Business, Trump, New York Times, Times, Morning News, Navy Locations: Texas, Trump's, Pennsylvania, Virginia, Florida
For Trump, an incredible week since escaping death
  + stars: | 2024-07-20 | by ( Zachary B. Wolf | ) edition.cnn.com   time to read: +5 min
CNN —Donald Trump may not have changed in the past week, but the presidential race clearly has. ► Watched President Joe Biden be isolated by the growing number of Democrats who worry he can’t beat him. If Biden were to look for inspiration on how to overcome the naysayers, he could find it in Trump. When Democrats win those states, they can win the White House. In the intervening days, CNN has learned that Crooks searched for information on both Trump and Biden, including for details about the Democratic National Convention.
Persons: Donald Trump, Trump, , Nikki Haley, Joe Biden, Biden, Sen, JD Vance, Ohio, Vance, Trump’s, George W, Bush, Democratic Sen, John Kerry, Zoe Lofgren, , Thomas Matthew Crooks, Crooks, Ethan Crumbley, Kimberly Cheatle, Marsha Blackburn, Cheatle Organizations: CNN, Republican, Trump, Republican National Convention, White, CBS News, Democratic, Biden, California Democrat, Democratic National Convention, Secret Service, Republicans, Secret Locations: Florida, Trump, New York, Grand Rapids , Michigan . Michigan, Pennsylvania, Wisconsin, California, Butler , Pennsylvania, Michigan, Butler, Tennessee
The Trump campaign scored yet another photo moment on Thursday with Hulk Hogan's tank-top ripping. The retired WWE star tore up his top to reveal his support of Donald Trump and JD Vance for 2024. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFormer President Donald Trump has once again shown the world his prowess at orchestrating photo moments for the ages. The Trump campaign rolled out its latest spectacle on Thursday when Hulk Hogan appeared onstage at the Republican National Convention.
Persons: Donald Trump, JD Vance, Trump, Hogan, , Hulk Hogan Organizations: Trump, WWE, Service, Republican National Convention Locations: Pennsylvania
That suggests Crooks may have been looking to carry out a high-profile shooting, and the Trump event’s proximity and timing offered the most accessible opportunity, federal officials have speculated. Crooks had also searched for information on another recent mass shooter who shot and killed four classmates at a Michigan high school in 2021. Obtained by CNNBut there are also significant differences between Crooks’ behavior and that of a typical mass shooter. Nearly seven years after America’s deadliest mass shooting, investigators still do not know why Paddock pulled the trigger. You want every detail you can find.”CNN’s Scott Glover, Allison Gordon and Holmes Lybrand contributed to this report.
Persons: Donald Trump, Thomas Matthew Crooks, Crooks, who’ve, Joe Biden, Trump, didn’t, Ethan Crumbley, Kathleen Puckett, ” Ted Kaczynski, ” Puckett, Stephen Paddock, Paddock, , Juliette Kayyem, Crooks ’, Mary Ellen O’Toole, , Puckett, , it’s, ” CNN’s Scott Glover, Allison Gordon, Holmes Lybrand Organizations: CNN, Democratic National Convention, Trump, Department of Homeland Security, US Secret Service, FBI Locations: Pittsburgh, Michigan, Las Vegas, Vegas
Serve Robotics' shares soared 241% after Nvidia disclosed a stake in the company. Serve Robotics focuses on self-driving delivery vehicles for last-mile deliveries. AdvertisementShares of Serve Robotics soared as much as 241% on Friday after Nvidia disclosed a stake in the company. The bond was converted to stock following Serve Robotics public debut in April. In February, Nvidia disclosed relatively small investments in SoundHound AI and Nano X Imaging, resulting in similarly big stock price moves.
Persons: , Serve's, Uber Organizations: Robotics, Nvidia, Service, SEC Locations: Los Angeles, San Diego, Dallas, Vancouver
US stocks closed lower Friday, marking the worst week for the S&P 500 since mid-April. AdvertisementUS stocks closed lower on Friday, capping off the worst week for the S&P 500 since mid-April. Investors got their first glimpse of earnings this week, with major banks like Goldman Sachs reporting solid results on Monday. Netflix reported better-than-expected revenue, profits, and subscriber growth in its second-quarter earnings report on Thursday, but the stock fell about 2% due to somewhat weak third-quarter guidance. According to data from Fundstrat, 13% of S&P 500 companies have reported second-quarter earnings results.
Persons: , Crowdstrike, Goldman Sachs Organizations: Service, Investors, Netflix Locations: Fundstrat
US stocks were mixed on Friday amid a global tech outage sparked by Crowdstrike's cybersecurity platform. Investors are paying close attention to second-quarter earnings results, which could make or break the year-to-date rally in stocks. AdvertisementUS stocks saw mixed trades on Friday amid a global tech outage sparked by an update from cyber security firm Crowdstrike. The Crowdstrike update contained a bug that led to widespread disruption for computers running Microsoft's Windows operating system. The deluge of earnings results will help inform investors if rising profits can sustain the strong year-to-date rally in stock prices.
Persons: Crowdstrike's, , Crowdstrike Organizations: Service, Microsoft, Investors, Nasdaq, Netflix Locations: Fundstrat, Here's
The week in 40 photos
  + stars: | 2024-07-19 | by ( Emmalee Reed | ) edition.cnn.com   time to read: +1 min
Former US President Donald Trump survived an assassination attempt Saturday during a campaign rally in Butler, Pennsylvania. After gunshots rang out — one of which pierced the upper part of Trump’s right ear — Trump fell to the ground and Secret Service agents rushed the stage to surround him. The shooter was killed by the Secret Service, the agency said. The FBI identified the shooter as 20-year-old Thomas Matthew Crooks, and authorities told CNN that he was positioned on a building rooftop just outside the rally venue. Here are some of the stories that made headlines over the past week, as well as some photos that caught our eye.
Persons: Donald Trump, — Trump, Thomas Matthew Crooks, Corey Comperatore, Trump, , Organizations: Secret Service, FBI, CNN, Republican National Convention Locations: Butler , Pennsylvania, Milwaukee
CNN —US Secretary of State Antony Blinken on Friday said that Iran’s breakout time – the amount of time needed to produce enough weapons grade material for a nuclear weapon – “is now probably one or two weeks” as Tehran has continued to develop its nuclear program. “Iran, because the nuclear agreement was thrown out, instead of being at least a year away from having the breakout capacity of producing fissile material for a nuclear weapon, is now probably one or two weeks away from doing that,” he said. Blinken said the policy of the US is to prevent Iran from getting a nuclear weapon, and that the administration would prefer to stop that from happening through diplomacy. The State Department also said that there is no anticipation that the recent election in Iran will change the country’s behavior. “We have no expectations that this election will lead to a fundamental change in Iran’s direction or its policies,” State Department spokesperson Matthew Miller said earlier this month.
Persons: Antony Blinken, , , Blinken, Biden, Trump, Matthew Miller, it’s, that’s Organizations: CNN, Aspen Security, US Defense Department, US, International Atomic Energy Agency, IAEA, UN, State Department, The State Department, , Locations: Tehran, Iran, “ Iran,
CNN —The Trump rally shooter searched online for information on the arrest of a Michigan mass shooter and his parents, who were prosecuted in a 2021 high school shooting. A week before the shooting, Thomas Matthew Crooks searched online for the date of the Democratic National Convention and where Trump planned to speak, as well as other searches for Trump and President Joe Biden. Unlike other mass shooters who often leave behind manifestos or writings to explain their attack, Crooks left behind few clues, in his bedroom or online. Investigators have focused on Crooks’ online activity in the months and days before the attack. He searched for the date and location of the Democratic National Convention, which takes place in August in Chicago, and for the location of the Trump rally.
Persons: Donald Trump, Butler, Thomas Matthew Crooks, Trump, Joe Biden, Saturday’s, Crooks, Ethan Crumbley –, Biden, Crooks ’ Organizations: CNN, Trump, Democratic National Convention, FBI, US Secret Service Locations: Michigan, Butler , Pennsylvania, Butler, Pennsylvania, Chicago
A Tech Outage Caused Disruptions Worldwide
  + stars: | 2024-07-19 | by ( Matthew Cullen | ) www.nytimes.com   time to read: 1 min
A flawed software update sent out by a cybersecurity company caused a global technology outage today, affecting millions of computers. Airlines were forced to ground flights, 911 lines went down, banks reported glitches and hospitals had to cancel surgeries. Many companies recovered during the day, but other issues persisted with no clear end in sight. The chaos all stemmed from a software update sent by CrowdStrike, which is based in Austin, Texas. When the new code reached computers that run Microsoft Windows software, the machines began to crash.
Persons: Kate Conger, Kate Organizations: Airlines, Microsoft Locations: Austin , Texas
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