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Here's a rapid-fire update on all 33 stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Amazon's recent AI moves have been impressive, specifically its close relationship with fellow Club holding Nvidia and, most recently, its multibillion-dollar venture investment in startup Anthropic. Best Buy : We added the electronics and appliance retailer to the portfolio shortly after the Monthly Meeting concluded. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, Jim, Jim Cramer, Reckitt Benckiser, Abbott, We've, Here's, Salesforce, that's, Walt Disney, Nelson Peltz, Estee Lauder, he'd, Ford, We're, we'll, Vimal Kapur, Kapur, Linde, Eli Lilly, TikTok, Meta's Ray, Morgan Stanley, Reddit, Morgan, Ted Pick, he's, it's, Stanley Black, Decker, TJ Maxx, Wells, Wynn, Spencer Platt Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Department of Justice, Abbott Laboratories, Nvidia, Broadcom, Investors, Bausch Health, Pharmaceuticals, Costco Wholesale, Costco, GTC, Coterra, DuPont De Nemours, DuPont, stoke, Peltz, Disney, Eaton Corporation, Ford, General Motors, Wall, GE Healthcare Technologies, General Electric, Apple, Google, Bloomberg, . Honeywell, Honeywell, UBS, Meta, Microsoft, Palo Alto Networks, Palo Alto, Procter & Gamble, Starbucks, Constellation Brands, Stanley, TJX, Marshalls, Wynn Resorts, Jim Cramer's Charitable, Traders, New York Stock Exchange, Getty Locations: China, Costco, U.S, East, Mexican, Growth, HomeGoods, Wells Fargo, Macao

☆ Reddit's lost money for nearly 20 years. Turning a profit is going to be tricky.
▼ + stars: | 2024-03-26 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewReddit was founded nearly two decades ago, yet it's never turned a profit. After the initial pop in Reddit stock, it slid nearly 9% during its second day of trading on Friday, only to jump 30% on Monday. Reddit framed that as a huge opportunity to attract international users, and appeal to a much larger audience with foreign-language posts. Now that Reddit's finally public, it may be able to reinvent its business and supercharge its finances.

Persons: —, it's, Reddit, There's, The_Donald, Reddit's Organizations: Service, Business, New York Times Company, Facebook

☆ 'We need someone to fix Boeing.' Here's who could replace Calhoun as the troubled plane maker's CEO
▼ + stars: | 2024-03-26 | by ( Leslie Josephs | ) www.cnbc.com time to read: +3 min

An aerial photo shows Boeing 737 Max airplanes parked on the tarmac at the Boeing Factory in Renton, Washington, on March 21, 2019. Calhoun told CNBC on Monday that the decision to retire was "100%" his own and that he would be involved in finding his successor. "We need someone to fix Boeing," one major airline executive, who wasn't authorized to speak to the media, told CNBC after Boeing announced the management shake-up Monday. "I want somebody who knows how to handle a big, long-cycled business like ours," Calhoun told CNBC in an interview Monday while announcing his departure. Four-year Boeing board member Steve Mollenkopf, an ex-Qualcomm CEO who will take over as independent chairman of the board, will lead the search.

Persons: Dave Calhoun, Max, Larry Kellner, Stan Deal, Calhoun, wasn't, John Plueger, It's, Steve Mollenkopf, Cowen, Cai von Rumohr, here's Organizations: Boeing, Max, Boeing Factory, Monday, CNBC, Air Force One, Alaska Airlines, Air Lease, Airbus, Financial, Qualcomm Locations: Renton , Washington, China

☆ Apple to launch Vision Pro in China this year, Tim Cook says
▼ + stars: | 2024-03-25 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

In a video posted on one of CCTV's accounts on Chinese social media site Weibo, Cook was heard responding "yes," when asked if the Vision Pro would launch in China this year. In China, Apple will compete against local headset players such as Pico, which is owned by TikTok's parent company ByteDance. Cook has been in China for the past few days, touring a new Apple store in Shanghai and attending the China Development Forum in Beijing. "I am very confident in it (China)," Cook said, according to news package posted on one of CCTV's Weibo accounts. "I love China, I love being here, I love the people and the culture.

Persons: Cook, China Organizations: Apple, China Development Forum, Huawei Locations: U.S, Weibo, China, Pico, Shanghai, Beijing

☆ We're considering a trim of this entertainment stock after a fantastic 2024 run
▼ + stars: | 2024-03-25 | by ( Morgan Chittum | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Jim Cramer said investors shouldn't panic as we wait for more information regarding the probe. Walt Disney stock climbed more than 2% Monday after new bullish Wall Street research. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, Jim, Jim Cramer's Organizations: CNBC, Wall, Coterra Energy, DuPont de Nemours, Meta, Walt Disney, Barclays, Disney, Melius Research, Apple, Analysts, Club, Department of Locations: CTRA

☆ Top bank analyst Mike Mayo sees Citigroup rallying more than 30%
▼ + stars: | 2024-03-25 | by ( Hakyung Kim | ) www.cnbc.com time to read: +1 min

Citigroup will likely complete its organizational streamlining efforts this week — which marks a major milestone for the banking giant, according to Wells Fargo's Mike Mayo. In light of these structural changes, Mayo raised his price target on Citigroup shares to $80 from $70 on Sunday, suggesting shares could rally 31.5% from Friday's close. Mayo thinks that the bank's simpler structure should provide more confidence that it can meet its targets down the line. "Investors take note — this meets a major Citi milestone," Mayo wrote in his note. Year to date, Citigroup shares are up 18.5%.

Persons: Wells, Mike Mayo, Jane Fraser, Mayo Organizations: Citigroup, Citi Locations: Friday's

☆ Buy these 10 bank stocks now before the Federal Reserve cuts interest rates, according to Bank of America
▼ + stars: | 2024-03-24 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Plus, falling interest rates and continued economic growth would be tailwinds. The aforementioned catalysts are still in place — including interest rate cuts, as investors discovered a day earlier. Until then, the firm believes bank stocks can outperform into the first-quarter earnings season. 6 regional bank stocks worth buyingThe continued rally in financials will be powered in large part by regional banks, BofA believes. "We see the capital markets momentum continuing into 2025, which should drive investor interest in both stocks," Poonawala wrote.

Persons: Financials, Ebrahim Poonawala, Poonawala, BofA, Goldman Sachs, Morgan Stanley, Wells Fargo, Charlie Scharf, Jamie Dimon Organizations: of America, Business, Federal Reserve, Investors, Bank of America, First Bancorp, FNB Corp, Truist, US Bancorp, Western Alliance, JPMorgan, Wall, titans Locations: financials, Wells Fargo

☆ These are the 3 Apple patents analysts say could hit the production line
▼ + stars: | 2024-03-24 | by ( Aaron Mok | ) www.businessinsider.com time to read: +5 min

Analysts predict which Apple patents are likely to become products. An Apple Watch with a camera, a hand wearable for the Vision Pro, and offline Siri may be possible. He identified three Apple patents he believes the company will likely make. AdvertisementThe patents Saini identified as "highly probable" include:1) An Apple Watch with a cameraApple's patent illustration of an Apple Watch with a camera. "Apple has been silently doing a lot of research on AI," analyst Saini said when asked about Apple's patents related to AI.

Persons: Siri, —, Apple's, Ming, Chi Kuo, Anmol Saini, Saini, Gene Munster, Munster Organizations: Apple, Apple Watch, Vision, Service, GreyB, United States Patent, USPTO, Asset Management, Bloomberg, Google, US Department of Justice

☆ How to trade the market after this week's rally to record highs
▼ + stars: | 2024-03-23 | by ( Fred Imbert | ) www.cnbc.com time to read: +3 min

Fed Chair Jerome Powell also noted that a strong labor market wouldn't deter the central bank from cutting rates. Fundstrat's Tom Lee told CNBC he expects the Russell 2000 to rally 50% . "I think the Russell 2000 represents sort of the best of things to happen when the Fed starts cutting." The small-cap Russell 2000 rose 1.6% this week. The iShares Russell 2000 ETF tracks that index.

Persons: Jerome Powell, Blair Boyer, Boyer, Goldman Sachs, Tom Lee, Russell, —, Lee Organizations: Dow Jones, Nasdaq, Federal Reserve, Dow, CNBC, Nvidia, Microsoft, Devices, Visa, Blackwell, JPMorgan, NVIDIA, Fed, GE Vernova, New York Stock Exchange, GE Locations: Jennison

☆ Apple is now worth $540 billion less than Microsoft — a Tesla-sized gap
▼ + stars: | 2024-03-22 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Apple is worth a whopping $540 billion less than Microsoft, a gap the size of Tesla's market value. AdvertisementApple was the world's most valuable public company at the end of 2023 but is now worth an astounding $540 billion less than Microsoft — a gap equivalent to Tesla's entire market value. Apple was worth $3 trillion, or about $200 billion more than Microsoft, at the end of December. Apple shares have slumped 11%, while Microsoft's shares have jumped 14%. Apple might close the value gap and even overtake Microsoft again in the future.

Persons: —, Tim Cook, Satya Organizations: Apple, Microsoft, Service, EU, Spotify, Justice Locations: China

☆ Microsoft's hiring of Inflection staff came amid a lack of consumer-AI vision and board concerns about OpenAI, insiders say
▼ + stars: | 2024-03-20 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +5 min

Microsoft's hiring spree from the startup Inflection AI came amid concerns from the software giant's board about instability at OpenAI and internal doubts about consumer-AI vision and strategy, insiders said. Suleyman, who cofounded the AI pioneer DeepMind, is set to be CEO of Microsoft AI. Microsoft's consumer-AI vision needed a boostSome Microsoft insiders told Business Insider the company's consumer-AI strategy needed a boost and more of a visionary leader. As the new CEO of Microsoft AI, Suleyman's purview is set to include thousands of employees who report to Mikhail Parakhin. Parakhin has played a significant role in Microsoft's AI work and is generally respected within the company for his technical prowess.

Persons: Mustafa Suleyman, Karén Simonyan, Suleyman, they've, Mikhail Parakhin, Parakhin, Rajesh Jha, Jha wasn't, Jha, Microsoft's, Frank Shaw, Shaw, Sam Altman, Satya Nadella, Nadella hadn't, Nadella, Amy Hood, It's, didn't, OpenAI Organizations: Big Tech, Business, Microsoft, BI, Google, Insiders, Microsoft's Locations: OpenAI

☆ AstraZeneca: Fusion acquisition will be a cost effective-investment that can improve cancer outcomes
▼ + stars: | 2024-03-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAstraZeneca: Fusion acquisition will be a cost effective-investment that can improve cancer outcomesDr. Susan Galbraith, executive vice-president of oncology and R&D at AstraZeneca, discusses the healthcare giant's $2.4bn acquisition of Fusion Pharmaceuticals.

Persons: Susan Galbraith Organizations: AstraZeneca, Fusion, Fusion Pharmaceuticals

☆ Google and Apple's rumored partnership could upend the AI industry
▼ + stars: | 2024-03-19 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at what a potential partnership between Google and Apple over AI features would mean for both companies and the wider industry. The big storyGoogle, Apple, AIRebecca Zisser/BITwo of the world's biggest tech companies are reportedly discussing a partnership that would upend the AI industry. Apple is considering integrating Google's AI model, Gemini, into the iPhone . The company has been noticeably quiet around its AI plans compared to peers like Google, Microsoft, Meta, and Amazon. So even if Apple and Google come to an agreement, they could still face some serious regulatory pushback.

Persons: —, hasn't, Rebecca Zisser, Mark Gurman, Sundar Pichai, Apple, it's, Tim Cook, Google's Gemini, Insider's Hasan Chowdhury, BI's Phil Rosen, Mike Coppola, Jerod Harris, Grzegorz Wajda, Chelsea Jia Feng, It's, OpenAI, Stephanie Cohen, Goldman Sach's, Goldman Sachs, Jenny Chang, Rodriguez, Goldman, Josh Edelson, Chip Somodevilla, TikTok, Jensen Huang, Blackwell, Alyssa Powell, elbowed, Manoj Bhargava, Steve Huffman, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Service, Google, Apple, Business, Gemini, Microsoft, Meta, Google's, Getty, Vox Media, Getty Images, Department of, Big Tech, Wall, Cloudflare, Bank of Japan, SXSW, Nvidia, Sports Illustrated, Arena Group Locations: AFP, Woodstock, Arizona , Florida , Illinois , Kansas, Ohio, New York, London

☆ Sam Altman says he doesn't think the world 'needs another copy of Google' because 'that's boring'
▼ + stars: | 2024-03-19 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +2 min

OpenAI's Sam Altman isn't interested in beating Google at search. Building a better search engine than Google, Altman said, is "boring." "I don't think the world needs another copy of Google," Altman told podcaster Lex Fridman. AdvertisementOpenAI CEO Sam Altman says he isn't interested in beating Google in the search business. Advertisement"I don't think the world needs another copy of Google," Altman told Fridman.

Persons: OpenAI's Sam Altman isn't, Altman, podcaster Lex Fridman, —, Sam Altman, OpenAI's, Fridman, Google hasn't, Apple, Gemini, OpenAI didn't Organizations: Google, Service, Bloomberg, Business Insider

☆ Analysts ratchet up Nvidia price forecasts ahead of big conference with one seeing 30% upside
▼ + stars: | 2024-03-18 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Several major Wall Street shops have already beefed up their price targets on the chipmaker heading into the event, with HSBC and Truist joining the flood on Monday. NVDA 1Y mountain Nvidia share performance over the last year According to FactSet, the current consensus price target on Nvidia implies about 4% upside, with 90% of analysts holding a buy or overweight rating. Stein boosted the firm's price target to $1,177 from $911 a share, reflecting 34% upside from Friday's close. "We are encouraged by Nvidia's AI product roadmap which focuses on moving beyond GPUs and towards owning the entire value chain." Wall Street turns more bullish HSBC and Truist may be the latest Wall Street shops to up estimates heading into the GTC Conference, but they are far from the first.

Persons: FactSet, William Stein, Stein, HSBC's Frank Lee, Blackwell, America's Vivek Arya, Cantor Fitzgerald's C.J, Muse, — CNBC's Michael Bloom Organizations: Nvidia, Bank of America, Wall Street, HSBC, Truist, GTC, Bank, America's, NVIDIA

☆ Disney gets a win in Nelson Peltz board fight. 2 other portfolio stocks mount comebacks
▼ + stars: | 2024-03-18 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Disney gets a win : A major proxy advisor weighed in on the Disney -Trian board battle. Glass Lewis said Monday it recommends Disney shareholders vote for the company's director nominees and not the slate forth by Trian's Nelson Peltz. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Stocks, Glass Lewis, Trian's Nelson Peltz, Jay Rasulo, Nelson, Mondelez, Heinz, Jim, DuPont, Jim said, Stephanie Cohen, Goldman Sachs, Cohen, Jensen Huang, Jensen's, Jim Cramer's, Spencer Platt Organizations: CNBC, Nvidia, Apple, Disney, Procter & Gamble, GE Healthcare, General Electric, GE, Evercore, DuPont, Protection, Samsung, Taiwan Semiconductor Manufacturing, PepsiCo, Constellation Brands, Citi, GEHC, Traders, New York Stock Exchange, Getty Locations: China, New York City

☆ CrowdStrike CEO on why his company is partnering with Nvidia: 'We’ve got the data, they’ve got the power and the software'
▼ + stars: | 2024-03-18 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CrowdStrike CEO George Kurtz told CNBC's Jim Cramer why the cybersecurity company is partnering with Nvidia , saying his company can offer more advanced and cost-effective services by making use of the semiconductor giant's artificial intelligence technology. "We've got the data, they've got the power and the software." Kurtz compared AI to an engine and data to oil, saying his company has data "in spades," collecting trillions of data signals and threat events per day. Cyber criminals are growing more capable, Kurtz stressed, saying they've democratized attacks for the "cyber crime masses." This means unskilled attackers are now able to access and use advanced technology even if they don't understand it, he said.

Persons: George Kurtz, CNBC's Jim Cramer, Kurtz, We've, they've, Morpheus, CrowdStrike, Huang, Jensen Organizations: Nvidia

☆ Apple's first AI move may be outsourcing the mess to Google
▼ + stars: | 2024-03-18 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

Why handle the mess of AI by itself when it can pass it on to someone else? AdvertisementApple does, of course, want an AI strategy, despite all the mess the technology brings with it. Fresh AI features could help Apple boost falling iPhone sales in China. Fresh generative AI features could give iPhones the extra edge they need to boost sales again. In addition, Apple will have several new AI features based on its own, homegrown LLM models we expect to be unveiled at WWDC this June.

Persons: —, Tim Cook, they've, Apple, Perfectionism, Steve Jobs, Cook, OpenAI's GPT, Dan Ives Organizations: Service, Google, Bloomberg, Apple, Business, Publishing, Getty, Worldwide Locations: China, China —

☆ Beyoncé's country songs are bringing new listeners to the genre, boosting streams for Black artists
▼ + stars: | 2024-03-16 | by ( Micah Washington | ) www.cnbc.com time to read: +8 min

While some music critics praised Knowles' country tracks, other fans of the genre refrained from a warm welcome. Beyond just radio, Black artists and artists of color represented less than 4% of country songs played on the radio, airplay, charting songs, artists signed to major labels and award nominations, according to SongData. One such fan, Tenley Patterson, 26, said she didn't bother listening to country music before Beyoncé's releases, but was impressed with the country tracks. Rachel Whitney, head of editorial for the Nashville team, said playlists outside of the country genre are playing Knowles' country tracks, broadening its reach. The Beyoncé draw is also boosting exposure for other artists on some lists, like Lainey Wilson and Cody Johnson, who have more "traditional" country songs, Whitney said.

Persons: Beyonce, James Devaney, Cowboy Carter, Beyoncé Knowles, Tanner Adell, Mickey Guyton, Reyna Roberts, Knowles, Alice Randall, Randall, —, Rhiannon Giddens, hasn't, Jocelyn Neal, Maren Morris, Luke Combs, Kacey, Lil Nas, Nas X, Tim Mosenfelder, Neal, Knowles —, Taylor Swift, Beyoncé, George Bush, Tenley Patterson, I've, Patterson, It's, there's, Z, Rachel Whitney, Lainey Wilson, Cody Johnson, Whitney, Kevin Mazur Organizations: Scott, New York, Spotify, The New York Times, Radio, University of North, NBC, Houston, CMA, Republican, Nashville, Crypto.com Arena, The Recording Academy Locations: Brooklyn, New, New York City, U.S, Texas, an Oklahoma, University of North Carolina, San Francisco , California, Iraq, Los Angeles , California

☆ This utility stock is the standout of its sector and it's raising its dividend. Here's what Wall Street says is next
▼ + stars: | 2024-03-15 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +6 min

The utilities sector is living in the shadows of mega-cap tech, but a power player name is emerging — and it's toting year-to-date gains of more than 40%. Constellation Energy , headquartered in Baltimore, is the top winner in the utilities sector in 2024, with NRG Energy in a distant second place with a 22.7% advance. Indeed, the utilities sector and real estate are the two laggards of the S & P 500 , down about 1% and 3.5% in 2024, respectively. CEG XLU 1Y line Constellation Energy versus the Utilities Select Sector SPDR Fund over the past year Constellation, which currently has a dividend yield of 0.8%, isn't your father's utility. So-called 24/7 carbon-free power involves purchasing electricity generation from the same region where a corporate client will use it.

Persons: it's, CEG, James Thalacker, It's, Daniel Eggers, Sophie Karp, BMO's, Joseph Dominguez, Steve Fleishman, Ross Fowler Organizations: Constellation Energy, NRG Energy, Utilities, SPDR Fund, BMO Capital, Atlantic City Electric, Baltimore Gas and Electric, Delmarva Power, Constellation, Microsoft, Wolfe Research, Republican, UBS Locations: Baltimore, Virginia

☆ LinkedIn cofounder Reid Hoffman and Microsoft's AI chief are backing Abigail Spanberger's 2025 Virginia governor run
▼ + stars: | 2024-03-14 | by ( Ellen Thomas | ) www.businessinsider.com time to read: +5 min

Two of the tech industry's biggest AI champions are backing Rep. Abigail Spanberger's run for governor of Virginia in 2025, campaign finance records show. Hoffman donated $250,000 on November 30, and Scott donated $125,000 on December 22. The donations, representing a total of $500,000 are the three largest individual contributions on record for Spanberger's campaign, which ended 2023 with over $3.6 million in funds received. Aside from their personal connections to the state, Virginia is home to the largest concentration of data centers in the world. Hoffman has previously donated over $300,000 to WinVirginia, a PAC that supports Democratic candidates in the state.

Persons: Abigail Spanberger's, Reid Hoffman, Kevin Scott, Hoffman, Scott, Shannon Hunt, Hunt, Prince William County, they're, Spanberger, Glenn Youngkin, Ohio US Sen, JD Vance, Joe Biden's, Nikki Haley, Ellen Thomas Organizations: Microsoft, Business, Democratic, Spanberger, University of Virginia, Culpeper ., CIA, Virginia Gov, Republican, LinkedIn, Ohio US, Trump Republicans, South Carolina Gov, PAC Locations: Virginia, Greylock, Prince William, Spotsylvania, Culpeper, Richmond, San Francisco Bay, Rural America, Silicon, Hampshire

☆ CNBC Daily Open: Sticky inflation muddies water for Fed
▼ + stars: | 2024-03-13 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Nearly half of the world's total dividend growth came from the banking sector, which delivered record payouts as rising borrowing costs lifted lenders' margins, the report found. Boeing crisis hurt airlinesCEOs from several airlines say Boeing's delivery delays have forced the carriers to change their growth plans. Citadel on rate cutsInflation headwinds remain and the Fed shouldn't cut rates too quickly, says Citadel founder and CEO Ken Griffin.

Persons: Dow, Janus Henderson, Ken Griffin Organizations: CNBC, Nasdaq, Boeing, Alaska Airlines Max, Southwest Airlines, Alaska Airlines, United, Citadel Locations: British

☆ CNBC Daily Open: Stubborn inflation is a problem for the Fed
▼ + stars: | 2024-03-13 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Despite high inflation, the BOJ hasn't really shifted from its ultra-loose monetary policy that has been in place in 2016. Rate cut pivot in 2024Central banks worldwide could make a rate cut pivot in 2024. Boeing crisis hurt airlinesCEOs from several airlines say Boeing's delivery delays have forced the carriers to change their growth plans.

Persons: Thomas Calomiris Organizations: Washington , DC, CNBC, Japan's Nikkei, Dow, Nasdaq, Bank of Japan, Economist Intelligence, Boeing, Alaska Airlines Max, Southwest Airlines, Alaska Airlines, United Locations: Washington ,, Asia, BOJ, Central, Beijing

☆ Nvidia could be worth $6 trillion if it follows Cisco's dot-com trajectory, says Jeremy Siegel
▼ + stars: | 2024-03-13 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Nvidia stock could triple if it follows Cisco's path during the dot-com bubble, Jeremy Siegel said. AdvertisementNvidia could triple in value to become the world's first $6 trillion-plus company if it follows Cisco's trajectory during the dot-com bubble, Jeremy Siegel said. It's now worth $2.3 trillion, propelling it past Amazon and Alphabet and leaving only Microsoft ($3.1 trillion) and Apple ($2.7 trillion) ahead. "There could be 2-3x more upside in Nvidia if it follows Cisco's valuation path to its peak," Siegel said. Advertisement"Now we emphatically do not have 1999-2000 levels of speculation in the markets or tech," Siegel said.

Persons: Jeremy Siegel, Wharton, —, It's, Siegel, Wood Organizations: Apple, Microsoft, Service, Nvidia, Cisco, Federal Reserve Locations: —

☆ The new Chinese EV that wants to take on Tesla and Porsche is coming this month
▼ + stars: | 2024-03-12 | by ( Nora Naughton | ) www.businessinsider.com time to read: +1 min

Chinese smartphone maker Xiaomi designed the SU7 to challenge Tesla and Porsche. The EV claims a top range of 500 miles — about 95 miles more than the Tesla Model S, per Xiaomi. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementChinese smartphone maker Xiaomi is launching a new Tesla fighter later this month, marking yet another competitor for CEO Elon Musk in the critical Chinese EV market. The SU7 model, a high-end electric car, is set to launch on March 28 in China, CEO Lei Jun said in a Tuesday post on X.

Persons: Xiaomi, Tesla, —, Elon Musk, Lei Jun Organizations: Porsche, Tesla, Service, Apple, Business Locations: Beijing, China

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