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☆ Celebrities who died in 2024
▼ + stars: | 2024-01-29 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: 1 min

Norman Jewison, 97Norman Jewison. Doug Griffin/Toronto Star/GettyThe legendary director was best known for his eclectic filmography that included the drama "In the Heat of the Night," the musical "Fiddler of the Roof," and the beloved comedy "Moonstruck," all of which garnered him best director nominations at the Oscars. The Canadian filmmaker's specialty was getting top-notch performances out of A-list actors like Steve McQueen ("The Thomas Crown Affair") and Denzel Washington ("The Hurricane"). Twelve actors received nominations over his 40-year career, with five of his movies earning best picture noms. Jewison died on January 20.

Persons: Norman Jewison, Doug Griffin, Getty, Steve McQueen, Thomas, Denzel Washington, Oscar, Jewison Organizations: Toronto Star, Denzel

☆ Big pharma is at a crossroads, as J&J, Merck and others prepare to lose heaps of revenue from blockbuster drugs
▼ + stars: | 2024-01-28 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +12 min

Bristol Myers Squibb's Eliquis is a blood thinner used to prevent clotting, to reduce the risk of stroke. Bristol Myers Squibb's Opdivo is an immunotherapy used to treat cancers, including melanoma and lung cancer. Investors will get updates on Merck and Bristol Myers Squibb's plans for the years ahead when they report earnings on Thursday and Friday, respectively. That's unlike generics, which are cheaper copycats of small-molecule drugs like Bristol Myers Squibb's Eliquis. Bristol Myers Squibb is also testing a new form of Opdivo, which is currently administered into a patient's veins.

Persons: Johnson, William Blair, Matt Phipps, Bristol Myers, Johnson's, Merck's Keytruda, J's Stelara, Opdivo, Phipps, biosimilars, Eliquis, Biosimilars, Humira, JB Reed, Samsung's, Piper Sandler, Christopher Raymond, AbbVie, Raymond, Chris Schott, Schott, Robert Davis, Keytruda, Davis, JPMorgan's Schott, Bristol Myers Squibb, George Frey, J, Amgen, J confidentially, Mike Perrone, It's, Anna Moneymaker Organizations: New York Stock Exchange, Johnson, NYSE Big, Bristol Myers Squibb, Merck, Biden, William Blair & Company, CNBC, Guggenheim, Bristol, Leerink Partners, Bloomberg, Getty, Bioepis, JPMorgan, JPMorgan Health Care, Moderna, Bristol Myers, Karuna Therapeutics, Hardy, Huntsman Cancer Institute, University of Utah, Reuters, Teva Pharmaceuticals, Pharma, U.S . Department of Health, Human Services Locations: drugmakers, EY, Europe, U.S, Cambridge , Massachusetts, Arda, EY's Americas, Bristol, Salt Lake City , Utah, Washington , DC

☆ Earnings playbook: Your guide to the busiest week of the reporting season
▼ + stars: | 2024-01-28 | by ( Fred Imbert | ) www.cnbc.com time to read: +10 min

What history shows: GM beats earnings estimates 87% of the time, according to data from Bespoke Investment Group. Alphabet is set to report earnings after the close. What history shows: Alphabet averages a 1.45% gain after reporting earnings, Bespoke data shows. What history shows: Amazon exceeds earnings expectations 63% of the time, according to Bespoke. What history shows: Meta shares have risen in three of the last four earnings days, per Bespoke, including a 23.3% rally.

Persons: Bard chatbot, Gus Richard, David Palmer, Palmer, MSFT, Jordan Novet, bode, Leslie Josephs, Max, Alaska's, AAPL, AMZN, Mark Zuckerberg Organizations: Meta, Apple, ., Motors, CNBC, Tuesday, United Auto Workers, LSEG, Investment, AMD, Starbucks, Microsoft, Management, Wednesday Boeing, Alaska Airlines, FAA, Boeing, United Airlines, Web, Mizuho Securities, Nvidia Locations: Northland, China, Alaska

☆ I’ve never gotten as much feedback on any segment in my life — Cramer says about bootingTesla from the Magnificent Seven
▼ + stars: | 2024-01-26 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer said he's never received more executive feedback on a "Mad Money" segment than he has for his Thursday night commentary in which he booted Tesla from the "Magnificent Seven" after the electric vehicle maker's disappointing earnings report and 2024 outlook. This was the most feedback I've ever had from a piece from CEOs," Cramer said Friday on "Squawk on the Street," the morning financial markets show he co-hosts on CNBC. He's been the lone host of "Mad Money," an evening program, since 2005. The colloquial moniker for the group of technology stocks came into being on Wall Street last year amid their strong outperformance compared with the broader market. Shares of Tesla tumbled 12% Thursday, their worst day in more than a year, as Wall Street digested the results and earnings-call commentary.

Persons: CNBC's Jim Cramer, he's, Tesla, I've, Cramer, He's, Elon Musk, Jim Cramer's Organizations: CNBC, Apple, Nvidia, Microsoft, Club

☆ Nancy Mace's recently departed chief of staff is officially running to throw her out of office
▼ + stars: | 2024-01-26 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +2 min

Read previewDan Hanlon, the former chief of staff for Republican Rep. Nancy Mace, has taken the most official step yet in his bid to run his former boss out of Congress. Related storiesHanlon had worked for Mace since she arrived in Congress in January 2021, before being reportedly fired in December 2023. It's extremely rare for a lawmaker's former chief of staff to launch a campaign against their one-time boss. Hanlon (far left) during a staff meeting in Mace's DC office on April 25, 2023. Despite once being a critic of former President Donald Trump, Mace endorsed him over Nikki Haley — who backed her against a Trump-backed primary challenger in 2022 — earlier this week.

Persons: —, Dan Hanlon, Nancy Mace, Hanlon, Hanlon's, Mace, Trump, Mick Mulvaney, Ricky Carioti, Kevin McCarthy —, McCarthy, he'd, Donald Trump, Nikki Haley —, Michael B, Moore Organizations: Service, Republican Rep, Business, Federal, Commission, GOP, POLITICO, Management, South Carolina Rep, Capitol, Washington, Getty, Washington Post, Trump, Democratic Locations: South Carolina's, Charleston

☆ JPMorgan sees Tesla dropping another 30%, says falling profits don't support high valuation
▼ + stars: | 2024-01-26 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

Tesla's stock faces plenty of downside as the automaker's strategy of slashing vehicle prices eats into profits without translating into substantially higher revenue, according to JPMorgan. Tesla's stock closed down 12% on Thursday after the automaker reported softer than expected earnings this week and warned that vehicle volume growth "may be notably lower" this year. While vehicle volume grew by 20% in the fourth quarter, actual automotive revenue was basically flat at 1% growth compared to the year-ago period, according to JPMorgan. "Tesla did not trade profits for sales as measured in revenue — it has traded profits for sales as measured in unit volume," Brinkman told clients. Profit expectations for Tesla have fallen substantially since October 2022 when analysts were forecasting $28.5 billion for 2024, according to JPMorgan.

Persons: Ryan Brinkman, Brinkman, Tesla Organizations: JPMorgan, Tesla

☆ Analyst Dan Ives blasts Tesla, calls earnings a 'train wreck' and cuts price target
▼ + stars: | 2024-01-25 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Tesla CEO Elon Musk failed to address investors' concerns about price cuts in "another train wreck of a conference call" this week, Wedbush analyst Dan Ives told clients in a Thursday research note. Ives slashed his 12-month stock price target for Tesla by 10% to $315, which still implies about 52% upside from Wednesday's close. The analyst told clients that Tesla's botched earnings call has shaken Wedbush's near-term confidence in the company's story. "Instead we got a high level Tesla long term view with another train wreck conference call," the analyst said. Ives described Tesla's price cuts as a "Category 4 hurricane" in the near term.

Persons: Elon Musk, Dan Ives, Ives, Tesla's, Musk, Tesla Organizations: Tesla, EV

☆ Apple takes top spot in China's smartphone market for the first time as Huawei returns to the top 5
▼ + stars: | 2024-01-25 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Apple's overall smartphone shipments fell 2.2% year-on-year in 2023, while the overall market fell 5%, IDC said. China's smartphone market has been hit because of an uncertain economic environment in the country and weak consumer spending. In 2023, Honor, a spin-off from Chinese company Huawei, held the second spot with 16.8% market share, followed by Vivo, Huawei and then Oppo. Another market research firm called Counterpoint Research also came out with China numbers on Thursday. Counterpoint said it expects the China market to record low single-digit year-on-year growth in 2024, the first year of growth since 2018.

Persons: Tim Cook, Justin Sullivan, Arthur Guo, Apple Organizations: Getty, Apple, International Data Corporation, IDC, Huawei, IDC China, Vivo, Research Locations: Cupertino , California, China

Analyst Ronald Epstein downgraded the stock to neutral from buy and lowered his price target to $225 from $255. The new price target implies just 5% upside from Wednesday's close. Analyst Jed Kelly has an outperform rating and $44 price target on shares, implying 14.4% upside potential since Thursday's close. Analyst Wamsi Mohan reiterated his buy rating on the stock and raised his price target to $200 from $170. Analyst Michael Sison lowered his price target to $69 from $85, implying just 7.5% upside from Wednesday's close.

Persons: Hertz, Ronald Epstein, Epstein, — Hakyung Kim, Oppenheimer, Jed Kelly, Kelly, DraftKings, aren't, Wamsi Mohan, Mohan, JPMorgan's Brian Essex, David Vogt, Essex, Vogt, Wells, DuPont Wells, —, Michael Sison, Sison, Kim, Downside, Tesla, Tesla's, Morgan Stanley's Adam Jonas, Jonas, Joseph Spak, inched, TSLA, Spak, Goldman Sachs, Mark Delaney, Dan Levy, Levy, Colin Langan, Langan, Toni Sacconaghi, Bernstein, JPMorgan downgrades, Ryan Brinkman, Fred Imbert Organizations: CNBC, Tesla, EV, Hertz, JPMorgan, Bank of America, Boeing, Alaska Airlines, of America, Federal Aviation Administration, FAA, IBM, UBS, PTI, bps, DuPont, DuPont de Nemours, Barclays, JPMorgan downgrades Hertz Locations: Alaska, Draftkings, Essex, Wednesday's, Wells Fargo, China, 2H24, Europe

☆ We think SK Hynix will be one of the biggest beneficiaries of AI growth, analyst says
▼ + stars: | 2024-01-25 | 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 EmailWe think SK Hynix will be one of the biggest beneficiaries of AI growth, analyst saysNam Hyung Kim, partner at Arete Research, says he has "no concern" about the South Korean memory chipmaker's underwhelming stock price after the release of its strong fourth-quarter earnings.

Persons: Nam Hyung Kim Organizations: SK Hynix, Arete Research

☆ Stocks making the biggest moves midday: Netflix, ASML, AT&T, Advanced Micro Devices and more
▼ + stars: | 2024-01-24 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Netflix – The streaming stock popped nearly 13% after topping fourth-quarter revenue estimates and posting strong subscriber growth. Revenue topped expectations and AT & T added more subscribers than anticipated, but the company forecasted lower-than-expected adjusted earnings for 2024. The company guided for fourth-quarter revenue of $2.90 billion, under the $3 billion expected by analysts surveyed by FactSet. Abbott posted adjusted earnings that came in line with the consensus estimate of analysts polled by FactSet at $1.19 per share. The firm also told investors to anticipate full-year adjusted earnings between $4.50 and $4.70 per share, a range that includes the $4.63 per share analyst forecast.

Persons: ASML, DuPont preannounced, DuPont, Kimberly, Clark, Clark's, LSEG, Abbott, CNBC's Michelle Fox, Hakyung Kim, Lisa Kailal Han, Alex Harring, Tanaya Macheel, Jesse Pound Organizations: Netflix, StreetAccount, New Street Research, AMD, Spotify, Texas, SAP, DuPont de Nemours, DuPont, FactSet, Elevance Health, Abbott Laboratories, Wall Street Locations: Europe

☆ This Swiss auto parts maker's stock could soar by 75%, Vontobel says
▼ + stars: | 2024-01-24 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Switzerland-listed car parts manufacturer Autoneum's share price could increase by over 70% in the next year, according to Vontobel. The investment bank raised its price target on Autoneum to 215 Swiss francs ($248), representing a potential 74% upside from the current share price of 123.80 francs. However, Autoneum's organic sales grew only 7.2%, lagging the broader recovery, according to the car parts maker's full-year revenue results, released Monday. CHF= 1Y line When excluding negative currency effects that lowered sales by 7.2%, Autoneum's 2023 revenue was 2.43 billion Swiss francs, meeting the company's own guidance. In contrast to Vontobel's bullish outlook, Swiss bank UBS has a neutral view of the stock, with a price target of 110 CHF — 10% below the current share price.

Persons: Vontobel, Arben Hasanaj Organizations: BMW, Ford, Renault, Mercedes, GM, Volvo, UBS, — Locations: Switzerland, Zurich, Asia, Swiss

☆ Boeing delivers 737 MAX jet to China, ending four-year freeze
▼ + stars: | 2024-01-24 | by ( ) www.cnbc.com time to read: +1 min

A Boeing 737 Max 8 airplane of China Southern Airlines lands at Wuhan Tianhe International Airport as the Boeing 737 Max returns to passenger flying in China after a hiatus of nearly four years on January 13, 2023 in Wuhan, Hubei Province of China. It represents a vote of confidence for the planemaker during a difficult period for Boeing following a Jan. 5 mid-air cabin blowout during a full flight. Chinese imports of the MAX have been suspended since it was grounded worldwide in 2019 following two fatal crashes in 2018 and 2019. Safety bans have been lifted with existing MAX already flying inside China, but new deliveries had remained on hold. Boeing has faced increased scrutiny following the Jan. 5 mid-air incident on an Alaska Airlines flight.

Persons: Max, Nobody Organizations: Boeing, Max, China Southern Airlines, Wuhan Tianhe International, Alaska Airlines, FAA, Seattle Boeing Locations: China, Wuhan, Hubei Province, Seattle, Washington, Honolulu

☆ United Airlines' CEO is quietly complaining about Boeing after being forced to ground dozens of planes, report says
▼ + stars: | 2024-01-23 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +2 min

United has had dozens of Boeing 737 Max 9s grounded since loose bolts were discovered this month. The grounding came after a door plug blew off an Alaska Airlines aircraft mid-flight. Following the incident, the Federal Aviation Administration grounded 171 Boeing 737 Max 9 aircraft for inspections. Inspections at United revealed loose bolts in its Boeing 737 Max 9 aircraft. United on Monday said the company expects a first-quarter adjusted loss of 35 to 85 cents a share due to the Boeing 737 Max 9 grounding.

Persons: Scott Kirby, —, Kirby, Max Organizations: Boeing, Max, Alaska Airlines, Bloomberg, Service, United, Federal Aviation Administration, Monday, Business, Boeing's, FAA, Delta Airlines Locations: Alaska

☆ Earnings playbook: Your guide to the biggest reports this week, including Netflix and Tesla
▼ + stars: | 2024-01-21 | by ( Fred Imbert | ) www.cnbc.com time to read: +10 min

Nearly 70 S & P 500 companies are slated to report earnings this week. Of the roughly 52 S & P 500 companies that have reported, just 69% have beaten earnings expectations, according to FactSet. What history shows: Bespoke Investment Group data shows United beats earnings expectations 70% of the time. What history shows: Bespoke data shows Netflix exceeds earnings estimates 81% of the time. What history shows: Bespoke data shows Alaska Air tops bottom-line estimate 72% of the time.

Persons: Buckle, Leslie Josephs, Max, Procter & Gamble, Robert Ottenstein, Procter, headwinds, Trian's Nelson Peltz, —, Alan Gould, Jordan Novet, Tesla, TSLA, Elon Musk, Elon, Jefferies, Philippe Houchois, INTC, Timothy Arcuri Organizations: Netflix, Intel, Investors, CNBC, Monday United Airlines, Boeing, Max, Alaska Airlines, FAA, Procter &, Procter, Gamble, HBO, IBM, ISI, Alaska Air Group, Alaska Air, Nvidia, AMD, UBS Locations: Alaska, U.S, China, Europe

☆ Jay Z's luxury watch collection is worth millions and includes one of the most complicated timepieces ever made
▼ + stars: | 2024-01-21 | by ( Julie Gerstein | ) www.businessinsider.com time to read: +9 min

Richard Mille RM011 Felipe Massa Chronograph Rose GoldJay Z expanded his collection of Richard Mille watches with this RM011 Felipe Massa Chronograph in rose gold. The rapper's Audemars Piguet Royal Oak 26585CE has an openwork sapphire dial and rose gold dial markers. Patek Philippe Nautilus 5711 in Tiffany BlueThe Patek Philippe 5711 was released in limited quantities in early 2021. The watch is based on the AP Royal Oak design that debuted in 1972 from watch designer Gérald Genta. Patek Philippe 2499Patek Philippe produced this watch from 1950 to 1985 in extremely limited quantities — only 349 were made.

Persons: —, Jay Z, Shawn Carter, Audemars Piguet, Hublot, Otis, Beyoncé, de Genève, Jay Z's Shawn Carter Hublot, Shawn Carter Hublot, Richard Mille, Richard Mille Jay Z's, freestyled, Rich Schultz, Richard Mille RM011 Felipe Massa Chronograph Rose, Felipe Massa Chronograph, Felipe Massa, Mille, Richard Mille RM027 Rafael Nadal Richard Mille, Matthew Stockman, Richard Mille RM027 Rafael Nadal, Rafael Nadal, Novak Djokovic, Nadal, Richard Mille Rafael Nadal, Roger Kisby, Audemars that's, 26585CE, Philippe, Phillip, Tiffany, Tiffanys Jay Z, Patek Philippe collab, Tiffany Blue, Audemars, Yves Klein, Klein, Gérald, Paul Newman Dial, Paul Newman, Newman, Jay, Z, Patek Philippe, Phillip Patek Jay Z, DJ Khaled, Patek, Patek Philippe Grandmaster, Getty, Jay Z's Patek Philippe, Tony Kavak, Kavak Organizations: Service, Business, GQ, Getty, Radio City Music Hall, Philippe Nautilus, AP, IFL Locations: Swiss, Brooklyn, Mille, Paris, French, Christie's, Geneva

☆ Mexico's one big advantage over the US right now could stall the 'Made in America' push
▼ + stars: | 2024-01-20 | by ( Jacob Zinkula | Matt Turner | ) www.businessinsider.com time to read: +7 min

Read previewThe push by US businesses to make more stuff in America has an ongoing challenge: It's hard to find workers. Ulbrich says this stands in sharp contrast to Mexico, whose growing manufacturing base could entice companies to make supply chain investments there, rather than in the US. Even as the pandemic-era labor shortage has eased, the demand for construction and factory workers has continued to exceed supply. Mexico's median age is roughly 30, he added — compared to nearly 40 in China — which has contributed to a strong labor supply. Compared to Mexico, manufacturing in the US would likely offer businesses reduced supply chain disruptions and lower transportation costs.

Persons: —, Christian Ulbrich, Ulbrich, Matt Turner, Biden, Houthi, Tesla, Susan Golicic, Andres Abadia, Abadia, Luis Torres, Colorado State's Golicic, Golicic Organizations: Service, Business, Economic, General Motors, Intel, Companies, Ford, Reuters, Colorado State University, US, Pantheon Macroeconomics, Federal Reserve Bank of Dallas Locations: America, Mexico, Ukraine, Taiwan, Canada, China, Asia, shoring, San Antonio, Tennessee, Alabama, Colorado

Microsoft said in a Friday regulatory filing that a Russian intelligence group accessed some of the software maker's top executives' email accounts. The company said a group called Nobelium carried out the attack, which it detected last week. Microsoft and the U.S. government consider Nobelium to be a part of the Russian foreign intelligence service SVR. The hacking group was responsible for one of the most prolific breaches in U.S. history, when it breached government supplier SolarWinds in 2020. It was also implicated alongside another Russian hacking group in the 2016 breach of the Democratic National Committee's systems.

Persons: Amy Hood, Brad Smith, Satya Nadella, Nobelium Organizations: Microsoft, Infrastructure Security Agency, U.S, SolarWinds, Department of Defense, Democratic National Locations: Russian, U.S

☆ It looks like Elon Musk is a bit envious of Mark Zuckerberg's control over Meta
▼ + stars: | 2024-01-19 | by ( Grace Kay | ) www.businessinsider.com time to read: +7 min

Musk appeared to give Tesla's board an ultimatum on Monday, saying he wants 25% voting control at Tesla or he'll stop growing AI development at the electric-car maker. One way of getting that would be via a dual-class stock structure. This isn't uncommon and could mean Musk wouldn't necessarily get more shares but that the ones he held would deliver more voting power. The company's dual-class stock structure provides Zuckerberg and select executive managers and directors with them. "Zuckerberg probably wouldn't have gone public without a dual-class structure," White said.

Persons: —, Elon Musk, Mark Zuckerberg, Musk, he's, Tesla, Zuckerberg, It's, Chester Spatt, Joshua Tyler White, doesn't, White, Ofer Eldar, Michael Dell, Anat Alon, Beck, Erik Gordon, Sam Altman's, Gordon Organizations: Service, Meta, Tesla, Business, Carnegie Mellon University, SEC, Vanderbilt, SpaceX, The Boring Company, UC Berkeley, Western Reserve University, University of Michigan's Ross School of Business Locations: Delaware, OpenAI

☆ Ford's move to cut F-150 Lightning production will help the automaker optimize profitability
▼ + stars: | 2024-01-19 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

Ford announced Friday it's reducing production of its F-150 Lightning all-electric pickup truck, starting April 1, due to slowing demand for EVs. The automaker said the Lightning cuts are being made to achieve the "optimal balance of production, sales growth and profitability." But since Ford is cutting back EV production, the automaker's goal of scaling up its EV buildout could be delayed. In fact, the Maverick Hybrid sales exceeded the F-150 Hybrid last year with a 67% increase to more than 52,300 vehicles. A Ford F-150 Lightning pickup truck is shown at the Rouge Electric Vehicle Center on April 26, 2022 in Dearborn, Michigan.

Persons: Ford, Jim Cramer, Tesla, Jim Cramer's, Jim, Bill Pugliano Organizations: Rouge Electric Vehicle, Plant, CNBC, Ford, ICE, Ford Blue, Rouge Electric Vehicle Center, Getty Locations: Dearborn , Michigan, Michigan, Wayne, Rouge, EVs

☆ These 14 cheap stocks are off to a great start in 2024. Wall Street sees two jumping more than 30%
▼ + stars: | 2024-01-18 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Yet, shares in some companies are trading at steeper discounts than they have in recent history, presenting an opportunity for investors. The recent gains have led to bulls and bears claiming the stock market is overheated , making stock-picking a significant challenge. Amazon shares also featured on the CNBC Pro's stock screen despite rising by about 75% in 2023. The e-commerce giant's shares still remain more than 15% below their high in 2021 despite the company's continued growth. Analysts expect the stock to rise 18% over the next 12 months.

Persons: Intesa Organizations: CNBC Pro, FactSet, CNBC, Nvidia, AstraZeneca, Isuzu, ARC Resources, Tourmaline Locations: Swedish

The hefty Davos promotions come after India surpassed China last year as the world's biggest country by population. Now India is touting its growing strength as a nation of innovation and as a global business hub in front of some of the world's richest and most powerful people. "As China's economy slows down, India's relatively rapid growth stands out as a clear opportunity for investors in Davos looking for bright spots." "We had an all-time revenue record in India," Apple CEO Tim Cook said on the company's latest earnings call in November, in response to an analyst's question about the company's momentum there. Hidary said Indian billionaire Mukesh Ambani's smartphone company Jio will serve about 600 million people in India through a $12 device.

Persons: There's, Ravi Agrawal, Agrawal, Narendra Modi, that's, Tim Cook, Apple Tim Cook, Punit Paranjpe, Jack Hidary, Hidary, Mukesh, Ambani Organizations: India Engagement, Wipro, Infosys, Tata, Foreign Policy, CNN, CNBC, World Bank, International Trade Administration, Visual, Bank of India, Dell, HP, Lenovo, Apple, AFP, Getty, India, AMD, Nvidia, Micron, WEF Locations: DAVOS, Switzerland, Davos, India, China, CNN India, Maharashtra, Tamil Nadu, Telangana, Karnataka, U.S, Mumbai, Bangalore, Gujarat

☆ Some of the best early-stage startup investors share a common trait that should be a lesson for Silicon Valley
▼ + stars: | 2024-01-17 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

In today's big story, we're looking at the best investors when it comes to early-stage companies. The big storyPicking winnersCaterina Fake, Cindi Bi, and Suleman AliInvesting can be a crapshoot, especially when it comes to early-stage companies. AdvertisementThe investors, profiled by BI's Ben Bergman, Samantha Stokes, Rebecca Torrence, and Leena Rao, have an incredible track record for early-stage investing. Silicon Valley can be known to have a herd mentality, especially when it comes to venture investors. And yet, some of the best early-stage investors have proven to have far better success going out on their own.

Persons: —, we've, Caterina Fake, Suleman Ali, BI's Ben Bergman, Samantha Stokes, Rebecca Torrence, Leena Rao, Joseph Aaron, cofounders, Tanja Ivanova, isn't, Chanos, Elon Musk, Jim Chanos, Tesla, Musk, Dan Ives, Goldman Sachs, Goldman, Brittany Hosea, Satya Nadella, Sam Altman, Philipp Schindler, Google's, Alyssa Powell, Michelle Obama, Betty White, Steve Harvey, Muhammad Ali, Benjamin Franklin, Al Capone, Calvin Harris, Charles Schwab, They've Organizations: Service, Business, Reuters, Getty, Elon, Tesla, Apple, Microsoft, Google, BI Locations: pant, San Francisco, Brittany, China, Davos, ChatGPT's

☆ Microsoft brings Copilot AI assistant to small businesses and launches a premium tier for individuals
▼ + stars: | 2024-01-15 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Microsoft said on Tuesday that small businesses can now subscribe to its Copilot virtual assistant in the company's productivity apps. And consumers who pay for the Microsoft 365 software can sign up for a new paid version of Copilot. But those who pay for Microsoft 365 Personal and Family subscriptions haven't been able to use it in Word, Excel, Outlook and other apps. Those with Copilot Pro receive "priority access to the very latest models — starting today with OpenAI's GPT-4 Turbo," Mehdi wrote. "Whether you need advanced help with writing, coding, designing, researching or learning, Copilot Pro brings greater performance, productivity and creativity," Mehdi wrote.

Persons: chatbot, Satya Nadella, Nadella, Yusuf Mehdi, Microsoft's, haven't, OpenAI's, Mehdi, Melius, Ben Reitzes Organizations: Microsoft, Investors, Google, Apple, Microsoft's Ignite, Windows, Bing, Copilot Locations: Seattle, copilot.microsoft.com

☆ Microsoft briefly tops Apple as most valuable public company
▼ + stars: | 2024-01-11 | by ( Jordan Novet | ) www.cnbc.com time to read: +1 min

Microsoft on Thursday briefly yanked the title of most valuable publicly traded company from Apple in early trading. Also last week, Microsoft said device makers will soon introduce Windows PCs with a Copilot key on their keyboards for fast access to the software maker's artificial intelligence assistant. Microsoft also stole from Apple the bragging rights for most valuable public company in 2018 and in 2021. But two years ago, Apple became the first company to exceed $3 trillion in market capitalization. Oil and gas production company Saudi Aramco briefly controlled the title before Apple took it back.

Persons: Apple, iPhones, Piper Sandler Organizations: Microsoft, Apple, The New York Times, U.S . Department of Justice, Barclays, Saudi Aramco, CNBC PRO

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