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☆ CNBC Daily Open: Bitcoin breaches $30,000 as the economy slows
▼ + stars: | 2023-04-11 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Markets in the U.S. reopened Monday but seemed to retain a post-holiday sluggishness as investors digested multiple signs of a slowing — but still strong — economy. Traders will certainly pore through those reports, but they'll also want to see what the U.S. consumer price index and producer price index say about the economy. Subscribe here to get this report sent directly to your inbox each morning before markets open.

☆ CNBC Daily Open: State of the economy: Slowing, but strong
▼ + stars: | 2023-04-11 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

☆ Global PC shipments slide in first quarter, Apple takes biggest hit, IDC says
▼ + stars: | 2023-04-10 | by ( ) www.reuters.com time to read: +2 min

In separate reports published on Monday, market research firms IDC and Canalys blamed weak demand, excess inventory and a bleak economic outlook for the shipment declines of 29% and 33%, respectively. Of the top five PC makers analysed in the reports, Apple saw the largest drop with a fall of more than 40%. Both the research firms also predicted the market could start to recover later this year and gather momentum in 2024 if the economic outlook improves. "We expect significant market upside as consumers look to refresh, schools seek to replace worn-down Chromebooks, and businesses move to Windows 11," IDC said. Reporting by Bharat Govind Gautam and Tiyashi Datta in Bengaluru; Editing by Varun H KOur Standards: The Thomson Reuters Trust Principles.

☆ Global PC shipments slide in Q1, Apple takes biggest hit - IDC
▼ + stars: | 2023-04-10 | by ( ) www.reuters.com time to read: +2 min

In the report published Sunday, the International Data Corporation (IDC) said global PC shipments numbered 56.9 million in the first quarter of this year, down from 80.2 million in the same period last year. Of the top five PC companies analysed in the report, Apple's Q1 shipments saw the largest drop of 40.5% from the same period in 2022, with Dell Technologies Inc (DELL.N) coming in second with a drop of 31%. Lenovo Group Ltd (0992.HK), Asustek Computer Inc (2357.TW) and HP Inc (HPQ.N) also faced declines in shipments, the IDC said. In February, Apple reported that sales of its Mac computers, which had boomed during the wave of working from home during the pandemic, declined 29% YoY to $7.7 billion in their most recent quarter. Shipment volume in Q1 2023 was noticeably lower than the 59.2 million units shipped in Q1 2019 and 60.6 million in Q1 2018," IDC said.

☆ Apple's Mac shipments fall more than 40%, worse than major rivals
▼ + stars: | 2023-04-10 | by ( Rohan Goswami | ) www.cnbc.com time to read: +2 min

A new MacBook Air running M2 chip is seen displayed during Apple's annual Worldwide Developers Conference in San Jose, California, June 6, 2022. Apple's worldwide computer shipments fell 40.5% year-over-year in the first quarter of 2023, amid a broader contraction in consumer demand, according to research firm IDC. Apple's worldwide PC market share fell between the first quarter of 2022 to the first quarter of 2023, from 7.2% to 8.6%, according to IDC data. The company shipped 2.8 million fewer devices year-over-year in the first quarter of 2023, according to IDC. Apple CEO Tim Cook said at the time that the challenging macroeconomic environment impacted iPhone, Mac and Apple Watch sales.

☆ Demand for Apple computers has dropped 40% since last year
▼ + stars: | 2023-04-10 | by ( Will Gendron | ) www.businessinsider.com time to read: +2 min

A recent International Data Corporation report outlined global PC shipment data from Q1 of this year. Demand has dropped across the industry, with a 29% decrease compared to last year. Apple, in particular, has suffered from a 40.5% drop off in demand for its computers. Among the five biggest manufacturers, Apple was impacted the most: The number of Apple PCs shipped dropped 40.5% from the first quarter of 2022 to the first quarter of 2023. Global shipments include shipments to end users and distribution channels, like BestBuy and other electronics retailers.

The Ritz-Carlton Rewards® Credit Card is still available as an upgrade from the Marriott Bonvoy Boundless® Credit Card or Marriott Bonvoy Bold® Credit Card . You can find Priority Pass lounges and restaurants by searching for your airport on the Priority Pass website or through the Priority Pass app. Priority Pass LoungesTypically, airport lounges in the Priority Pass network are off-limits to the general public unless you have access through a membership, airline ticket, elite status, or via a paid day pass. Priority Pass Restaurants, Cafés, Spas, and MoreIn addition to airport lounges, the Priority Pass network includes restaurants and cafés at airports like Houston (IAH) and San Francisco (SFO). Credit Cards With Priority Pass Frequently Asked Questions (FAQ)Is Priority Pass membership automatic when you open an eligible credit card?

☆ The 10 best US cities for job opportunities and earning potential in 2023
▼ + stars: | 2023-04-05 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

HR firm Checkr ranked the best US cities for job opportunities and earning potential. A new report from Checkr, a background check firm, looked at which cities job seekers should consider. Checkr analyzed BLS and other government labor data on the 100 largest US cities to determine which cities have the most job opportunities with the highest earning potential. The 10 best US cities for job opportunities and earning potential according to Checkr, are:1. The shift to remote work may encourage workers to move to cheaper, mid-sized cities, Korolevich said.

April 4 (Reuters) - Private equity firm TPG Inc (TPG.O) said on Tuesday it has agreed to buy a majority stake in Elite, a vendor of business management software for law firms, from information provider Thomson Reuters Corp (TRI.TO) at a valuation of $500 million. Thomson Reuters will keep a minority stake and board representation in Elite and continue to support it with its legal information products, the companies said. Paul Fischer, president of Thomson Reuters' legal professionals division, said that Elite will continue to share many of Thomson Reuters' clients as a standalone company. Elite offers software that helps law firms run their finance and accounting operations, including billing, invoicing and payments. TPG partner Tim Millikin said that the data and automation that Elite offers are in demand among legal professionals.

☆ The next big thing in Big Tech career path is an AI-based 'bilingual' job skillset
▼ + stars: | 2023-04-02 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +8 min

Microsoft unveiled new versions of its Bing internet-search engine and Edge browser powered by the newest technology from ChatGPT maker OpenAI. But the biggest one of all may be next, he says, through the combination of artificial intelligence and branches of science involved in medicine. But the opportunity won't translate into achievement without a new form of collaboration between the classic big tech talent and the medical field. One of her portfolio companies, Insitro, was founded by Stanford AI researcher Daphne Koller (Koller co-founder edtech company Coursera). "There is lots of exciting big talent opportunities coming from big tech and big cap pharma," she said.

☆ Weapons firm says it can't meet soaring demand for artillery shells because a TikTok data center is eating all the electricity
▼ + stars: | 2023-03-27 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +4 min

An arms manufacturer complained that TikTok's data center is using all the electricity in the region. However, in the area of Norway where Nammo operates, its defense work gets no priority over any other users of electricity. The energy company told the FT that it has no spare capacity for Nammo to hike its output as it has been promised to TikTok. It found that data centers can often require the "same amount of energy as a large town," and could account for "29% of electricity demand in Ireland by 2028." TikTok also has plans to build what will be the largest data center campus in Norway by November 2023.

☆ UK's WPP buys Obviously to expand social influencer marketing business
▼ + stars: | 2023-03-27 | by ( ) www.reuters.com time to read: +1 min

March 27 (Reuters) - British advertising group WPP (WPP.L) said on Monday it has acquired Obviously, a New York-based social influencer marketing agency, for an undisclosed sum. The deal comes less than a week after WPP agreed to buy Goat, an influencer marketing specialist, which focusses on marketing campaigns that aim to improve customer engagement for brands including Dell, Tesco, Uber and Natura. Obviously's team of nearly 100 people will join WPP subsidiary VMLY&R, a marketing agency with over 13,000 employees, WPP said. WPP said Obviously's proprietary "next-generation" tech platform helps the agency service large-scale complex campaigns for enterprise clients including Google, Ford, Ulta Beauty and Amazon. Obviously was founded by Mae Karwowski and Maxime Domain in 2014 and has operations in San Francisco and Paris.

☆ These tech giants are still making money, but layoffs are coming hard and fast
▼ + stars: | 2023-03-24 | by ( Sheila Chiang | ) www.cnbc.com time to read: +4 min

Here are some of the more prominent global tech firms that have axed staff despite earning big money. 30 despite a "dynamic environment," CEO Satya Nadella said in the tech giant's annual report. Despite that, Microsoft announced in January that it's laying off 10,000 workers as the firm braces for slower revenue growth. The enterprise software company also returned to positive operating profit growth of 2%. However, SAP announced in January that it's cutting up to 3,000 jobs, as the leadership seeks to steer the company toward double-digit profit growth in 2023.

☆ Rahm no fan of proposed rule change that would reduce distance
▼ + stars: | 2023-03-21 | by ( ) www.reuters.com time to read: +2 min

But Rahm, speaking to reporters ahead of this week's World Golf Championships-Dell Technologies Match Play event in Austin, Texas, questioned why the sport's ruling bodies would even want to propose a rule that would reduce driving distance. "They're hyper focused on making professional golf a little bit more difficult than it already is. As it comes to me, I don't think it's going to matter that much," said Rahm. "I'm still going to be able to stop it in most places with a 7-iron when some people might not." Reporting by Frank Pingue in Toronto Editing by Toby DavisOur Standards: The Thomson Reuters Trust Principles.

☆ Stocks making the biggest moves midday: First Republic, UBS, Virgin Orbit, Dell and more
▼ + stars: | 2023-03-20 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Check out the companies making the biggest moves midday:First Republic — Shares tanked nearly 30% after Standard & Poor's cut First Republic's credit rating to B+ from BB+. S&P first lowered the bank's rating to junk status just last week. UBS , Credit Suisse — U.S.-listed shares of Credit Suisse tanked 50.5% after UBS agreed to buy Credit Suisse for 3 billion Swiss francs, or $3.2 billion. UBS shares gained 4.7%. Exelixis — The stock gained 3.9% after the biotech company announced a $550 million share repurchase program to run through the end of 2023.

☆ Goldman Sachs says this PC stock can jump 15% as demand recovers
▼ + stars: | 2023-03-20 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

His price target of $43 implies the stock will gain 15.5% over the next year from where it closed Friday. While he forecasted infrastructure solutions group revenue should fall 14% in fiscal 2024, it should grow 4% in fiscal 2025 and beyond. Client solutions groups revenue should also fall 14% in fiscal 2024 before posting 3% growth in fiscal 2025 and 1% in fiscal 2026. The long-term financial model also remains strong with revenue growth between 3% and 4% and per-share earnings growth of at least 6%, Ng said. Ng also said the company's the price-to-earnings ratio of 7 over the next 12 months makes the stock attractive.

☆ Here are Monday's biggest analyst calls: UBS, Netflix, First Republic, Carnival, Meta, Amazon & more
▼ + stars: | 2023-03-20 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Morgan Stanley reiterates Match as a top pick Morgan Stanley said it sees more industry growth for stocks such as Match. Deutsche Bank upgrades Kimberly-Clark and Conagra to hold from sell Deutsche upgraded several staples manufacturers mainly on valuation. Deutsche Bank upgrades Dow to buy from hold Deutsche said the "worst is behind us." Morgan Stanley reiterates First Republic as underweight Morgan Stanley said it sees too many negative outcomes for First Republic. Bank of America reiterates Nvidia as buy Bank of America said it's bullish heading into Nvidia's flagship AI and tech conference this week.

☆ Top Wall Street analysts pick these five stocks for the long term
▼ + stars: | 2023-03-19 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +7 min

Given the ongoing uncertainty, turning to stock market experts to pick attractive stocks for the long term could be a good decision. Allegro expects to flourish in these two key markets and to deliver low-double-digit percentage revenue growth from fiscal 2023 to 2028. CrowdStrike's adjusted earnings per share for the fourth quarter of fiscal 2023 (ended Jan. 31) increased 57%, fueled by revenue growth of 48%. The company's adjusted EPS grew 8% and came ahead of Wall Street's expectations, while revenue growth of 18% fell short of estimates. Nonetheless, Oracle is optimistic about the solid potential of its cloud business, which delivered 45% revenue growth in the fiscal third quarter.

☆ WPP is nearing a deal to acquire influencer marketing specialist The Goat Agency
▼ + stars: | 2023-03-17 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +2 min

WPP is in late-stage talks to acquire UK-based influencer marketing agency The Goat Agency, sources said. Sources said the deal could value The Goat Agency between $121 million million and $425 million. The Goat Agency said last year it "was on a fast track" to reach $100 million in revenue. Advertising giant WPP is closing in on a deal to acquire the fast-growing influencer marketing specialist The Goat Agency, according to people familiar with the matter. Sky News in April reported that The Goat Agency had appointed financial advisory firm GP Bullhound to help explore its strategic options.

Meta will lay off 10,000 more workers and incur restructuring costs ranging from three to five billion dollars, the company announced Tuesday, with CEO Mark Zuckerberg warning that economic instability could continue for "many years." He added that the company plans to close 5,000 additional open roles that it hasn't yet filled. The new round of layoffs follow a previous round of cuts, announced in November, that affected over 11,000 workers, which equated to roughly 13% of Meta's overall staff. Zuckerberg told analysts in February that the Meta plans "on cutting projects that aren't performing or may no longer be crucial" while simultaneously "removing layers of middle management to make decisions faster." In January, Google revealed plans to lay off more than 12,000 workers, Microsoft announced plans to cut 10,000 employees and Salesforce said it planned to cut 7,000 jobs.

Apple, Google, Cisco, Intel Corp (INTC.O) and Edwards Lifesciences Corp (EW.N) sued the PTO in the California federal court in 2020 over the rule. They argued it undermined the role inter partes review plays in "protecting a strong patent system" and violated federal law. Companies including Tesla, Honda, Comcast and Dell filed briefs at the Federal Circuit in support of the plaintiffs. The California court dismissed the case in 2021, citing U.S. Supreme Court rulings that Patent Trial and Appeal Board decisions on whether to review inter partes review petitions cannot be appealed. The case is Apple Inc v. Vidal, U.S. Court of Appeals for the Federal Circuit, No.

The dinner with shale producers and OPEC officials continued a tradition that began around five years ago when they were fierce competitors. It has been held in most recent years during the CERAWeek energy conference in the U.S. oil industry capital. Among the other topics that came up were strong oil demand and what U.S. shale producers could do to meet it given what shareholders want, he said. The event comes at a tumultuous time for global markets with the war in Ukraine disrupting global oil and gas flows while enriching both producer groups. Fewer OPEC officials are present at this year's annual CERAWeek conference, with ministers from key countries, including Saudi Arabia and Iraq, absent from the attendee list.

March 6 (Reuters) - U.S. energy executives met privately with top OPEC officials on Monday on the sidelines of a Houston conference, people familiar with the matter said, continuing a tradition that began around five years ago when the two groups were fierce competitors. OPEC had viewed shale as an untamed force that undercut its revenue by bringing vast new oil supplies to market. The secretive dinner has been held in most recent years during the CERAWeek energy conference in the capital of the U.S. oil industry. This year's private dinner comes at a tumultuous time for global markets with the war in Ukraine disrupting global oil and gas flows while enriching both producer groups. Fewer OPEC officials are present at this year's annual CERAWeek conference, with ministers from key countries, including Saudi Arabia and Iraq, absent from the attendee list.

☆ 2 Volcom execs attempt to surf, skate, snowboard, and work all in one day. Here's how they pulled it off.
▼ + stars: | 2023-03-06 | by ( Sponsor Post | Created Insider Studios With Dell Technologies | ) www.businessinsider.com time to read: +8 min

The challenge: Attempt a surf, skate, and snowboard "trifecta" in the middle of a busy work dayOver the past few years, remote work has become a routine part of our lives. This is the case for the sales teams at Volcom, a global lifestyle apparel brand based in Costa Mesa, California. Two Volcom sales executives, Brent Lantz and David Jurusik (or BL and Nook, respectively), embrace this — whether it's taking a call on a ski slope or discussing inventory with retailers on the road. Dell Technologies and Intel teamed up with Volcom to see if they could improve and optimize their on-the-go sales efforts and work connectivity. The challenge: Attempt a southern California "trifecta" — surfing, skateboarding, and snowboarding within a 12-hour period — all while completing a full day of work.

☆ US natural gas prices plummet 13% as streak of mild winter weather set to continue
▼ + stars: | 2023-03-06 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

Natural gas prices have fallen 13% amid forecasts of more mild weather as winter winds down. Falling prices are a sign that the US needs to scale back gas production, some commentators say. Henry hub natural gas futures for April fell to $2.62 per million British thermal units, according to data from the CME Group, down 12.73% from its previous close of $3 per million BTUs. Natural gas prices have tanked 34% since the start of the year, with the latest drop spurred by warm weather forecasts for the coming weeks. The changes in supply-demand balance are a stark contrast from last year, when issues stemming from Russia's invasion of Ukraine spiked gas prices on the spot market.

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