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“Julian plans to swim in the ocean every day. He plans to sleep in a real bed, he plans to taste real food, and he plans to enjoy his freedom.”Stella Assange wed the WikiLeaks founder while he was incarcerated at London’s Belmarsh prison in 2022 and they have two children together. WikiLeaks founder Julian Assange kisses his wife, Stella Assange, as he arrives in Canberra, Australia, June 26, 2024. “But they were very excited when they found out that daddy was coming home,” Stella Assange said. Stella Assange, wife of WikiLeaks founder Julian Assange, speaks as lawyers Barry Pollack and Jennifer Robinson look on during a press conference at East Hotel in Canberra, Australia on June 26, 2024.
Persons: Julian Assange, Stella Assange, , “ Julian, ” Stella Assange, Edgar Su, Assange, , Barry Pollack, Jennifer Robinson, Lisa Maree Williams Organizations: CNN, WikiLeaks, Justice Department, East Hotel Locations: United States, Canberra, Australia, Saipan, Northern Mariana Islands, Iraq, Afghanistan
Gold prices muted with U.S. inflation data in focus
  + stars: | 2024-06-26 | by ( ) www.cnbc.com   time to read: +2 min
Gold prices steadied on Thursday as investors digested comments from Federal Reserve Governor Christopher Waller on interest rate cuts and looked forward to more U.S. economic data for policy clues. Gold prices were subdued on Wednesday ahead of crucial U.S. inflation data due this week, which could offer more clarity on the timing of the Federal Reserve's first interest rate cut this year. Meanwhile, Fed Governor Lisa Cook said "at some point" it will be time to cut interest rates. "Dips in the gold price remain relatively shallow courtesy of buyers stepping in from the sidelines on price retreats," Tim Waterer, chief market analyst at KCM Trade, said in a note. Waterer added that the $2,368 level would need to be breached for gold to surpass the highs from last week.
Persons: Christopher Waller, Yeap Jun Rong, Michelle Bowman, Lisa Cook, IG's, Rong, Tim Waterer, Waterer Organizations: Federal Reserve, Federal, Fed, U.S, KCM Locations: U.S
Steady dollar sends yen to the brink of 160
  + stars: | 2024-06-26 | by ( ) www.cnbc.com   time to read: +2 min
The dollar was firm on Wednesday and trading on the precipice of the 160 yen barrier as investors turned cautious and counted down to the release of U.S. price data at the end of the week. The dollar was firm on Wednesday and trading on the precipice of the 160 yen barrier as investors turned cautious and counted down to the release of U.S. price data at the end of the week. The Australian dollar dipped 0.1% to $0.6640 and the New Zealand dollar similarly slipped to $0.6115, with small moves reflecting thin trade. Sterling was steady at $1.268, while bitcoin has recovered somewhat from a dip below $60,000 this week to trade at $61,668. "The yen moves more, and yuan moves are more controlled, but they seldom move in opposite directions," said Societe Generale strategist Kit Juckes.
Persons: Pat Bustamante, Lisa Cook, Michelle Bowman, Bowman, bitcoin, Kit Juckes Organizations: Canadian, Westpac, Federal, Fed, New Zealand, Citi, Sterling, Generale Locations: Asia, U.S, China
Apple 's commitment to privacy could soon pay off by giving it a leg up over its competitors, according to Rosenblatt. That's because Apple, unlike AI predecessors, has put privacy front and center as part of its AI marketing push and architecture," Crockett wrote. "Apple laid out what it called a Private Cloud Compute architecture that keeps personal information on personal devices, and does not allow non-permissioned release of that information to anyone else, including Apple and third party LLMs," he added. An additional advantage for Apple comes from its AI approach, which allows the firm some immunity from cost pressures at hyperscalers. Against this backdrop, Crockett sees the scales "tipping the AI risk/reward in favor of Apple."
Persons: Rosenblatt, Barton Crockett, Crockett, Michael Bloom Organizations: Apple, hyperscalers
Risk sentiment was also capped as hawkish comments from Federal Reserve officials kept near-term U.S. rate cut expectations in check in a boost to the dollar. The comments along with data showing a stable housing market kept expectations in check over when and by how much the Fed will cut rates. Markets are pricing in 47 basis points of easing this year, with a rate cut in September pegged at 66% probability, CME FedWatch tool showed. In the currency market, the dollar index , which measures the U.S. unit against six peers, was steady at 105.64, while the euro was at $1.0715. The yen touched a 34-year low of 160.245 per dollar on April 29, prompting Tokyo to spend roughly 9.8 trillion in late April and early May to support the currency.
Persons: Androniki, Lisa Cook, Cook, Michelle Bowman, Selena Ling, OCBC, OCBC's Ling, Shri Navaratnam Organizations: Nikkei, REUTERS, Federal Reserve, . Federal, Reuters, Bank of Japan's, Brent, U.S, West Texas, Thomson Locations: Tokyo, Japan, SINGAPORE, U.S, Asia, Pacific
Rivian Automotive — Shares of Rivian Automotive skyrocketed more than 40% after the electric vehicle company secured up to $5 billion in funding from Volkswagen Group. A so-called short squeeze added fuel to the gain as about 19% of the Rivian shares available for trading were sold short before this news, according to FactSet. Nvidia — The chip stock added more than 2%, building on a nearly 7% rebound during Tuesday's session. Aptiv — The automotive technology stock dropped 7% after Piper Sandler downgraded Aptiv to underweight from neutral and cut its price target. Robinhood — Shares added 3%.
Persons: Bosch, Mills, Aptiv, Piper Sandler, Campbell, Ken Goldman, Wolfe, Sarah Min, Lisa Han, Jesse Pound, Michelle Fox Organizations: Rivian Automotive, Volkswagen Group, FactSet, FedEx — FedEx, Whirlpool, Reuters, Southwest Airlines —, Nvidia, Citi Research, Rivian, Volkswagen, JPMorgan, United States Steel, BMO Capital Markets, U.S, Steel, Nippon Steel, Micron Technology Locations: Tuesday's
FedEx — Shares of the company moved more than 14% higher after topping Wall Street's fiscal fourth-quarter expectations . The shipping giant earned $5.41 per share, after adjustments, on $22.11 billion in revenue. Analysts polled by LSEG were expecting earnings of $5.35 per share and revenue of $22.07 billion. Aptiv — Shares of the automotive technology company plunged 10% following Piper Sandler's downgrade of the stock to underweight from neutral . Paychex posted adjusted earnings of $1.12 per share, which is above the $1.10 earnings per share that analysts polled by LSEG were expecting.
Persons: LSEG, Bosch, Piper, Mills, Paychex, Grindr, Campbell, , Alex Harring, Lisa Kailai Han, Scott Schnipper, Sarah Min, Michelle Fox Organizations: Volkswagen Group, FedEx —, Whirlpool —, Reuters, Rivian, MNC Capital Partners, JPMorgan, Campbell
In the race for the White House, former President Donald J. Trump has attacked President Biden’s policies to expand renewable energy as a “plan to make China rich” because America’s greatest economic rival also controls many of the parts needed for electric-vehicle batteries, solar panels and other green technology. But eliminating Mr. Biden’s climate policies would end up helping China, economists say, by jeopardizing hundreds of billions of dollars in manufacturing investments that have already been made in the United States and sending that work back to other countries, including China. “From a manufacturing perspective, you’re just ensuring the Chinese edge in these technologies continues to get wider.”Mr. Trump, who has called climate change a “hoax,” has targeted “every one” of Mr. Biden’s policies designed to transition the United States away from fossil fuels. That includes regulations to encourage electric vehicles and solar and wind energy while cracking down on pollution from coal-burning power plants and restricting oil drilling on public lands and in federal waters. The former president has also promised to withdraw the United States from global agreements to reduce greenhouse gas emissions.
Persons: Donald J, Trump, Biden’s, , Stuart, Mackintosh, Mr Organizations: White Locations: China, United States
The 2-year Treasury yield was last at 4.7306% after rising by close to four basis points. U.S. Treasury yields were higher on Wednesday as investors considered the latest comments from Federal Reserve officials about monetary policy and awaited key economic data. Investors digested remarks from Federal Reserve officials about the U.S. economy and the outlook for interest rates. Bowman also did not take further interest rate hikes off the table. Meanwhile, Fed Governor Lisa Cook on Tuesday said she only expects little change to inflation rates this year, but sees inflation "slowing more sharply" next year.
Persons: Michelle Bowman, Bowman, Lisa Cook Organizations: Treasury, U.S, Federal Reserve, Investors, PCE Locations: U.S
Amy Poehler and Maya Hawke voice Joy and Anxiety, respectively, in Disney and Pixar's "Inside Out 2." One of the standout additions is Anxiety, a quirky orange character voiced by Maya Hawke. 'The way psychologists see anxiety is as a protective emotion'Originally, the character was animated to look more like a "villain," Damour says. "Irrational anxiety is when you overestimate the threat and underestimate your ability to do anything about it," Damour says. Damour hopes "Inside Out 2" communicates that anxiety can be a tool as much as it can be a nuisance.
Persons: Amy Poehler, Maya Hawke, Joy, Riley Anderson, Lisa Damour, Damour, what's Locations: Disney
CNN —The Tennessee Attorney General’s office has turned its investigation into the failed foreclosure attempt of Elvis Presley’s Graceland estate over to federal investigators, according to a statement provided by his office. “The Tennessee Attorney General’s Office looked into the Graceland matter, and it quickly became apparent that this was a matter best suited for federal law enforcement. We have faith in our federal partners and know they will handle this appropriately,” said Amy Lannom Wilhite, communications director for Tennessee Attorney General John Skrmetti. Keough claimed fraud and sued to protect the estate from foreclosure. A Shelby County Chancery Judge agreed and blocked the sale, and Naussany said it had dropped its foreclosure efforts.
Persons: General’s, Elvis Presley’s, Tennessee Attorney General’s, , Amy Lannom Wilhite, John Skrmetti, Riley Keough, Elvis Presley, Naussany, Lisa Marie Presley, Keough, Skrmetti Organizations: CNN, Tennessee, Tennessee Attorney, Naussany Investments, Justice Locations: Shelby County
When Your Building Super Is an A.I. Bot
  + stars: | 2024-06-26 | by ( Julie Weed | ) www.nytimes.com   time to read: +1 min
The new maintenance coordinator at an apartment complex in Dallas has been getting kudos from tenants and colleagues for good work and late-night assistance. That’s because the maintenance coordinator is an artificial intelligence bot that the property manager, Jason Busboom, began using last year. The bot, which sends text messages using the name Matt, takes requests and manages appointments. The team also has Lisa, the leasing bot that answers questions from prospective tenants, and Hunter, the bot that reminds people to pay rent. assistant: Lisa is professional and informative; Matt is friendly and helpful; and Hunter is stern, needing to sound authoritative when reminding tenants to pay rent.
Persons: Jason Busboom, Matt, Lisa, Hunter, Busboom Locations: Dallas, Cypress Waters
Goldman Sachs initiated coverage of Disney with a buy rating and a price target that implies more than 20% upside. Elsewhere, Piper Sandler raised its price target on Uber, calling for nearly 25% upside. Analyst Jonna Kim simultaneously raised her price target to $30 from $28, citing a likelihood in earnings upside. As a catalyst, Kim cited "potential upside to FY24 Street estimates given solid topline momentum combined with margin expansion on continued inventory & expense management." — Lisa Kailai Han 5:41 a.m.: Goldman Sachs initiates Disney with a buy rating Disney has room for upside growth ahead, according to Goldman Sachs.
Persons: Goldman Sachs, Raymond James, Piper Sandler, TD Cowen, Jonna Kim, Kim, Lisa Kailai Han, Jeff Chung, Chung, — Lisa Kailai Han, Ranjan Sharma, Sharma, Uber, Thomas Champion's, AMZN, Michael Ng, Ng, Raymond James downgrades, RJ Milligan, Milligan, PENN, Fred Imbert Organizations: CNBC, Disney, Penn Entertainment, Navy, Citi, IHS, Volkswagen, JPMorgan, Google, Yahoo, Uber, ESPN, Netflix, Disneyland, Raymond James downgrades Penn Entertainment, NFL, Penn Locations: 2024E, 2025E, Singapore, TikTok, Indonesia, Philippines, Malaysia, Monday's
Credo Technology has emerged to take the crown as TD Cowen's top small- and mid-cap stock pick after a red-hot start to the year. Analyst Matthew Ramsay also upped his price target for the stock to $35 from $24, implying that Credo shares could rally 28% from Monday's close. Specifically, he thinks that Credo's revenue could inflect in the second half of its fiscal year as a number of its programs begin to ramp, including some GenAI buildouts. Credo's key program ramps within its active electrical cables at Microsoft and Amazon should also play a role in pushing the company's fundamentals higher. "Overall, we see the diversification of the company's revenue base as a key de-risking of the model and should benefit the durability of revenues going forward," Ramsey said.
Persons: Matthew Ramsay, Ramsay, there's, Ramsey Organizations: Technology, Microsoft, Active Electrical Cable Locations: Monday's
Check out the companies making headlines in midday trading: SolarEdge Technologies — Shares of the company tumbled more than 20% following the announcement that it will offer $300 million worth of convertible notes due 2029. — The stock plunged more than 7% after the company updated its earnings guidance for the full year on Monday after the bell. The wholesale pool supplies distributor expects full-year earnings between $11.04 and $11.44 per share. Carnival — Shares added nearly 8% after the cruise company posted a second-quarter earnings and revenue beat. Penn Entertainment — The casino operator and online gambling platform's stock fell 5% after Raymond James downgraded it to market perform from outperform.
Persons: Leslie's, LSEG, Raymond James, Enovix, Rivian, , Alex Harring, Lisa Kailai Han, Jesse Pound Organizations: U.S . Securities, Exchange, Pool Corp, Carnival, Penn Entertainment, Airbus, Nvidia —, Novo Nordisk, Guggenheim, Spirit AeroSystems, Boeing, Bloomberg Locations: Singapore, France, China
Gold drifts lower as traders await U.S. inflation data
  + stars: | 2024-06-25 | by ( ) www.cnbc.com   time to read: +2 min
Gold prices eased on Tuesday, while investors looked toward key U.S. inflation data due later this week that could throw some light on the Federal Reserve's interest rate cut stance. Gold prices eased on Tuesday, while investors looked toward key U.S. inflation data due later this week that could throw some light on the Federal Reserve's interest rate cut stance. Spot gold was down 0.2% at $2,327.52 per ounce as of 0339 GMT. "Technical factors in the short-term are not so positive for gold. Other Fed officials speaking this week include Fed Governors Lisa Cook and Michelle Bowman along with Richmond Fed President Tom Barkin.
Persons: Kelvin Wong, Bullion, Wong, Mary Daly, Lisa Cook, Michelle Bowman, Tom Barkin Organizations: Asia Pacific, U.S, San Francisco Fed Bank, Richmond Fed Locations: OANDA, U.S
Container ships are berthed at PSA's Pasir Panjang Terminal in Singapore July 15, 2019. Global port congestion has reached an 18-month high, with 60% of ships waiting at anchor located in Asia, maritime data firm Linerlytica said this month. SEVERE CONGESTIONSingapore, the world's second-largest container port, has seen particularly severe congestion in recent weeks. "The peak season, which traditionally starts in June, was advanced by a full month, causing ocean freight rates to soar." Container freight prices from Asia to the U.S. and Europe have tripled since early 2024.
Persons: Edgar Su, Linerlytica, Yemen's, Jayendu Krishna, Drewry, PortCast, Niki Frank, Dimerco, Jonathan Gold, Judah Levine, Jared Bernstein, Gene Seroka, Peter Sand, Jeslyn Lerh, Lisa Baertlein, Lisa Barrington, Miyoung Kim, Kim Coghill Organizations: REUTERS, Retailers, Ships, Drewry Maritime Advisors, Singapore, Singapore's, Port Authority, Drewry, Keppel, Tuas, Maersk, DHL Global, Asia, Descartes, National Retail Federation, Container, U.S ., of Economic Advisers, U.S, DHL, Thomson Locations: Pasir Panjang, Singapore, SEOUL, SINGAPORE, Asia, Africa, Malaysia's Port Klang, Tanjung Pelepas, Shanghai, Qingdao, China, South Korea, U.S, Europe, U.S . East Coast, U.S . West, of Los Angeles, Los Angeles, Seoul
Gold edges higher on softer yields; U.S. inflation data in focus
  + stars: | 2024-06-24 | by ( ) www.cnbc.com   time to read: +2 min
Gold prices edged up on Monday as Treasury yields fell, while investors awaited key U.S. inflation data and Federal Reserve officials' comments through the week for fresh clues on the potential timing of the central bank's interest rate cut. Gold prices edged up on Monday as Treasury yields fell, while investors awaited key U.S. inflation data and Federal Reserve officials' comments through the week for fresh clues on the potential timing of the central bank's interest rate cut. Spot gold was up 0.2% at $2,325.53 per ounce as of 0333 GMT, after falling more than 1% on Friday. Benchmark 10-year U.S. Treasury yields edged down, making non-yielding bullion more attractive for investors. There are at least five Fed officials speaking this week, including San Francisco Fed President Mary Daly and Fed Governors Lisa Cook and Michelle Bowman.
Persons: Kyle Rodda, Rodda, Mary Daly, Lisa Cook, Michelle Bowman Organizations: Federal Reserve, Treasury, Capital.com, Traders, San Francisco Fed Locations: Capital.com .
One basis point is equivalent to 0.01%The 10-year Treasury yield was flat 4.257% on Monday. The 2-year Treasury yield was fractionally higher at 4.736%. Treasurys were muted entering the final week of June, with investors set to zero in on Friday's key inflation report. With a summer interest rate cut from the Federal Reserve seemingly off the table, markets are hunting for more signs that September may be the month. That may come in the form of Friday's personal consumption expenditures price index, the Fed's preferred inflation gauge.
Persons: Michelle Bowman, Lisa Cook Organizations: Federal Reserve, Reuters, Traders Locations: U.S
This is an installment of CNBC Make It's Millennial Money series, which profiles people across the globe and details how they earn, spend and save their money.
Organizations: CNBC
Affirm — The buy now, pay later stock popped 10% after Goldman Sachs assumed coverage of the name at a buy rating. Roth MKM upgraded Cinemark to a buy from a neutral rating, saying that headwinds should soon shift to "very attractive tailwinds." Anheuser-Busch InBev — The brewing company's shares rose around 3% after UBS upgraded the stock to buy from neutral. Carrier Global — The heating and ventilation stock rose 3% on the heels of a Citi upgrade to buy from neutral. Energy stocks – A slate of energy names rose as crude oil futures jumped to start the last week of June.
Persons: Eli Lilly, tirzepatide, Eli Lilly's, ATTR, Goldman Sachs, Will Nance, Roth MKM, headwinds, Morgan Stanley, Cowen, Ferrari, Brent, SLB, Baker Hughes, — CNBC's Lisa Han, Jesse Pound, Alex Harring, Sean Conlon, Samantha Subin Organizations: Systems, Food and Drug Administration, Coyote Logistics, UPS, Alnylam Pharmaceuticals, Nvidia, Microsoft, Anheuser, Busch InBev, UBS, Busch, IBM, Ryder, Carrier, Citi, Ferrari —, Energy, West Texas Intermediate, APA Locations: U.S
Citi analyst Andrew Kaplowitz upgraded his rating for the heating and ventilation company to buy from neutral. The analyst accompanied the move by upping his price target to $74 from $65, implying that shares of Carrier Global could rally 17% going forward. The financial institution raised its price target for Nvidia to $150 from $135. Analyst Erin Wright stood by her overweight rating on the health insurance stock, reiterating her $595 price target. Wright set a price target of $374, which is 23% higher than the insurance company's Friday closing price of $355.48.
Persons: Goldman Sachs, Andrew Kaplowitz, CARR, Kaplowitz, — Lisa Kailai Han, Jefferies, Blayne Curtis, kingmaker, Curtis, Lisa Kailai Han, Morgan Stanley, UnitedHealth, Morgan Stanley's, Erin Wright, Wright, Bernstein, Stephen Reitman, Ferrari, Reitman, Ferrari's, Sanjeet Aujla, Aujla, BUD, Christopher Danely, Danely, James Schneider, Schneider, Fred Imbert Organizations: CNBC, Monday, Citi, Micron Technology, IBM, Carrier Global, Carrier, Nvidia, Humana, Ferrari, UBS, Anheuser, Busch InBev It's, Busch InBev, Micron, Citi Citi, Dow Jones Industrial, Dow Locations: China, UnitedHealth, U.S, Friday's
Affirm 's best-in-class fundamentals give it a leg up above competitors, according to Goldman Sachs. Analyst Will Nance assumed coverage of the buy now, pay later company with a buy rating. However, Nance expects "strong growth rates to support the company's premium valuation in the intermediate term." These platforms continue to take a significant share of retail spending, which could further boost Affirm's share gains, Nance wrote. Such opportunities include is its new Debit+ card, recently announced partnership with Apple Pay and platform partnerships with Shopify and Amazon.
Persons: Goldman Sachs, Will Nance, Nance Organizations: Apple Locations: Friday's, U.S
TubeMogul was competing for an ad tech partnership with Netflix, so Lee learned about the company's own technology and culture. Lee started working at Netflix on its digital marketing programmatic buying team in 2014, earning a salary of $110,000. "It was actually perfect timing that I got laid off," Lee says of being part of Meta's November 2022 job cuts. While she wants to continue increasing her salary, money alone isn't enough. On her TikTok, YouTube and Instagram accounts, Lee shares career and lifestyle advice based on her experiences.
Persons: Sora Lee, Lee, Mickey Todiwala, she'll, hustles, Lee didn't, she's, you've, TubeMogul, Andrew Evers, Lisa Setyon, haven't, Jackson, Tesla, doesn't, I'm, Lee isn't Organizations: CNBC, University of California, TikTok, ByteDance, Netflix, Meta, Facebook, Child, Savings, Porsche, YouTube Locations: Berkeley, South Korea, San Mateo , California, TikTok, RSUs, TubeMogul, New York, Austin , Texas, Los Angeles, Meta's, Lake Tahoe, U.S
On Today’s Episode:Democrats Lean on Abortion Rights Message for Anniversary of End of Roe, by Katie GlueckFor Biden and Trump, a Debate Rematch With Even Greater Risks and Rewards, by Lisa Lerer, Shane Goldmacher, Jonathan Swan and Maggie HabermanPilgrim Deaths in Mecca Put Spotlight on Underworld Hajj Industry, by Emad Mekay and Vivian NereimGunmen Attack Synagogues and Churches in Russian Republic, by Anton Troianovski and Ivan Nechepurenko
Persons: Lean, Roe, Katie Glueck, Trump, Lisa Lerer, Shane Goldmacher, Jonathan Swan, Maggie Haberman Pilgrim, Emad Mekay, Vivian Nereim, Anton Troianovski, Ivan Nechepurenko Organizations: Biden Locations: Mecca, Russian Republic
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