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☆ Goldman sees nearly 40% upside for Dell on AI server demand, PC refresh
▼ + stars: | 2024-10-02 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Goldman's forecast implies roughly 37% upside ahead for Dell stock from its $113.16 close on Tuesday. Dell stock has surged more than 51% in 2024. In particular, Ng pointed to Dell's $3.8 billion AI server backlog in the second-quarter as a prime example of robust demand. "Enterprise and sovereign AI opportunities are in earlier stages of adoption, and the company continues to optimize its organization to address AI demand across customer verticals and regions," Ng said. "AI server margins should improve over time through a greater mix of higher margin services revenue and a diversification to a larger number of AI server customers."

Persons: Goldman Sachs, Michael Ng, Ng, Dell, DELL Organizations: Dell Technologies, Dell, Enterprise, Windows Locations: Texas

☆ China property stocks rally after major cities ease homebuying restrictions
▼ + stars: | 2024-09-30 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +3 min

Noel Celis | Afp | Getty ImagesShares of Chinese property developers rallied on Monday after major cities in mainland China unveiled easing measures to boost homebuyer sentiment, following the central bank's blitz of policy stimulus. The Guangzhou city government said in a notice on Sunday that all restrictions on home purchases would be removed, effective from Monday. China Overseas Land & Investment and China Vanke climbed 5.06% and 12.89%. Mainland China's CSI 300 surged 6% Monday, after the index logged its best week in almost 16 years on Friday. The easing measures follow the central government's call last week to combat the property slump last week.

Persons: Noel Celis, China Vanke, Allen Feng, Gary Ng, Ng, Xi Jinping Organizations: HK, Afp, Getty, Mainland Properties, Longfor Group Holdings, Hang Lung, China Resources, ., . China Overseas Land & Investment, China's CSI, CSI, People's Bank of Locations: Guangzhou, China's, Guangdong, China, Shanghai, Hong Kong, . China, —, Beijing, People's Bank of China

Consulting firms have faced increased employee turnover after layoffs and delayed start dates. For decades, business students and MBAs looked to consulting because the work was high in pay and prestige. AdvertisementThe lure of other industriesThe declining appeal of the consulting industry is most evident in the number of employees leaving. That's different from when he left in 2022, when there was a pandemic-fueled boom for consulting work. "When I was transitioning out of consulting, consulting was actually still all the rage.

Persons: —, MBAs, Jason Saltzman, Lightbank, Ezra Gershanok, Gershanok, Gorick Ng, Ng, Matt Sternberg, Sternberg, he's, who've, Consulting hasn't, Ernst, Young, Irmgard Naudin, Cate, Atli Thorkelsson, Thorkelsson Organizations: Service, Accenture, Technologies, McKinsey, Harvard University, Boston Consulting Group, BI, Big, Consulting, Redpoint Ventures, Business Locations: —, London

☆ NTSB issues ‘urgent’ safety warning for some Boeing 737s, including MAX, in latest blow to struggling planemaker
▼ + stars: | 2024-09-26 | by ( Pete Muntean | ) edition.cnn.com time to read: +3 min

CNN —The National Transportation Safety Board is issuing “urgent safety recommendations” for some Boeing 737s—including the embattled 737 MAX line— warning that critical flight controls could jam. The independent investigative agency is issuing the warning that an actuator attached to the rudder on some 737 NG and 737 MAX airplanes could fail. The warning is the latest black eye for Boeing. The NTSB is recommending that Boeing come up with an alternative solution and warn pilots about the issue. That scrutiny grew after a door plug blew off a 737 Max operated by Alaska Airlines shortly after takeoff on January 5.

Persons: “, ’, ”, Max, CNN’s Chris Isidore Organizations: CNN, Transportation Safety, Boeing, NTSB, United Airlines, FAA, Alaska Airlines, Federal Aviation Administration, US Justice Department Locations: Newark

☆ UBS sees AI trade still in the 'early innings' and these stocks as the best way to play it
▼ + stars: | 2024-09-25 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

UBS named "Magnificent Seven" member Apple as an AI stock to watch out for. In all, 75% of analysts covering the stock rate it buy or strong buy, according to LSEG, with consensus price targets suggesting nearly 6% upside. Nearly 9 out of 10 analysts covering the stock rate it a buy or strong buy. Raymond James recently resumed coverage of Uber as a "strong buy," citing its "Robo Rides" thesis. Other names on the list include AI darling Nvidia, alongside fellow Magnificent Seven stocks Microsoft , Alphabet , Amazon and Meta Platforms .

Persons: Sundeep Gantori, Gantori, Needham, Goldman Sachs, Goldman, Michael Ng, Raymond James, Josh Beck, Uber Organizations: UBS, Apple, Uber, Microsoft

☆ Private-public capital market support for start-ups in Southeast Asia
▼ + stars: | 2024-09-25 | 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 EmailVC investor and SGX on private-public capital market support for start-ups in Southeast AsiaGranite Asia's Jenny Lee and SGX CFO Ng Yao Loong discusses where the next batch of unicorns could come from in Southeast Asia and how private and public capital markets can do more to support their growth.

Persons: Jenny Lee, Ng Yao Loong Locations: Asia, Southeast Asia

☆ BW Industrial: investor confidence in northern Vietnam remains intact despite Typhoon Yagi
▼ + stars: | 2024-09-25 | 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 EmailBW Industrial: investor confidence in northern Vietnam remains intact despite Typhoon YagiFion Ng, Chief Operating Officer of BW Industrial talks about Vietnam's recovery through typhoon Yagi.

Persons: Yagi Fion Ng Organizations: BW Industrial Locations: Vietnam

☆ Canada trade minister discusses tariffs on Chinese EVs
▼ + stars: | 2024-09-24 | 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 EmailTariffs on Chinese EVs are to protect Canadian workers and industries, want fair trade: MinisterMary Ng, Canada's Minister of Export Promotion, International Trade and Economic Development says the tariffs are to deal with China's overcapacity and over-subsidization in the EV sector.

Persons: Mary Ng, China's overcapacity Organizations: Canada's, Export, Trade, Economic Development, EV

☆ How 3 friends without any hospitality experience started renting out over 400 tiny homes in remote locations around the world
▼ + stars: | 2024-09-20 | by ( Erin Liam | ) www.businessinsider.com time to read: +7 min

An early obstacleWith no experience in architecture or building, their first roadblock was figuring out how to build a tiny house. Developing their tiny houses into a profit-sharing businessAfter garnering attention from local media, the team started to receive inquiries on how to purchase tiny houses, Chia said. AdvertisementIn 2023, they set up tiny houses in SingaporeThe tiny house movement encourages minimalistic and sustainable living. Each tiny house is placed in natureBig Tiny's tiny house in Lake Stella, New Zealand. Big TinySeven years on, Big Tiny has placed more than 400 tiny houses in more than 10 countries worldwide, from Taiwan to Europe and Australia.

Persons: Adrian Chia's, Dave Ng, he'd, Dave, Chia, Ng, — Chia, Adrian Chia, Jeff Yeo, Yeo, Big Tiny, Lazarus, Tiny Organizations: Service, Business, Big, Sentosa Development Corporation, Singapore's Ministry of Trade and Industry, BI, Lake Stella Locations: Melbourne, Singapore, Chia's, Australia, Victoria, New South Wales, Germany, Lazarus, Southern, Lake Stella , New Zealand, Taiwan, Europe, New Zealand, Christchurch, Yilan

The cultural shift has spawned a booming business in divorce photography not only for Tan, but also for other photographers hoping to profit. Photos shared on Chinese social media Xiaohongshu show some couples signing their divorce papers, while others pose with their divorce certificate. Happy divorce,” one user wrote alongside a photo of her marriage and divorce certificates side by side. “It is not shameful to be brave enough to divorce,” Tan said. Faces on old wedding photos are spray-painted, to ensure privacy is respected, before being tossed into a crusher along with other tokens of memories.

Persons: Tan, ” Tan, “, Peng Xiujian, ‘, Peng, it’s, Liu Wei, Liu, Justin Robertson, ” Liu, he’s, Gary Ng, “ I’ll, ” Organizations: Hong Kong CNN, China’s National Bureau of Statistics, Companies, Victoria University, CNN Locations: Beijing, Hong Kong, Henan, China, Australia

☆ Mortgage rates below 6% will drive increased homebuilder activity, says Jefferies' Phillip Ng
▼ + stars: | 2024-09-18 | 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 EmailMortgage rates below 6% will drive increased homebuilder activity, says Jefferies' Phillip NgPhillip Ng, Jefferies senior building products analyst, joins 'Squawk on the Street' to discuss the risk-reward setup for homebuilding-adjacent companies, if lower rates are fully priced into the stocks Ng covers, and much more.

Persons: Jefferies, Phillip Ng Phillip Ng

☆ Beijing suspends PwC's China unit for six months in record penalty over Evergrande audit
▼ + stars: | 2024-09-13 | by ( ) www.cnbc.com time to read: +5 min

Chinese regulators on Friday hit PwC's auditing unit in mainland China with a six-month business suspension and a record fine of 441 million yuan ($62 million) over the firm's audit of troubled property developer China Evergrande Group . "PwC has seriously eroded the basis of law and good faith, and damaged investors' interest," said the China Securities Regulatory Commission (CSRC) in a statement. PwC Zhong Tian, the registered accounting entity and the main onshore arm of PwC in China, was the country's top-earning auditor in 2022, according to the latest official data. "The cost is enormous in reputation, affecting the ability to get new business in China beyond the fine. PwC also deliberately excluded properties that Evergrande marked as "not allowed to visit" from audit samples, it added.

Persons: Zhong Tian, PwC, Gary Ng, PwC Zhong Tian, PwC Zhong, Daniel Li, Hemione Hudson, CSRC Organizations: China Evergrande Group, Big, China Securities Regulatory Commission, China's Ministry of Finance Locations: China, PwC, Asia, Pacific, Guangzhou, Hong Kong, New York

☆ An influx of young people entering the housing market next year will lead to a homebuilding boom, analyst says
▼ + stars: | 2024-09-12 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Read previewA wave of younger buyers are about to enter the housing market in a trend that could spark a boom for homebuilders, according to one housing analyst. That's because young Americans are itching to buy a home, and they'll likely enter the housing market in droves once mortgage rates come down, he told CNBC in a recent interview. AdvertisementThe 30-year fixed mortgage rate hovered around 6.35% the last week, Freddie Mac data shows, close to their lowest level since early 2023. Yet, 89% of existing homeowners have a mortgage rate below 6%, Redfin found in a survey at the start of the year. Mortgage rates, though, could be slow to come down, housing experts say.

Persons: —, Phillip Ng, they'll, We've, Ng, Freddie Mac, Redfin, Pricing's Organizations: Service, Jefferies, CNBC, Business, Buyers, National Association of Realtors, Builders, Mortgage Locations: Redfin

☆ The wave of young people buying homes will be a tailwind for builders, says Jefferies' Philip Ng
▼ + stars: | 2024-09-11 | 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 EmailThe wave of young people buying homes will be a tailwind for builders, says Jefferies' Philip NgPhilip Ng, Jefferies senior building products analyst, joins 'Power Lunch' to discuss the outlook for home builders and the impact from inflation on them.

Persons: Jefferies, Philip Ng Philip Ng

Deutsche Bank resumed coverage of Tesla with a buy rating, calling it a top pick. He also notched his price target $4 higher to $80, implying shares could gain 16.6% from Monday's close. Along with the new iPhone 16 line, the company unveiled Apple Intelligence for beta rollout next month, or new artificial intelligence capabilities for the iPhone. The iPhone 16 and 16 Plus are available for pre-order starting Friday. "At the core, we do not see Tesla as an automaker but rather a technology platform attempting to reshape multiple industries, deserving of a unique type of valuation framework," the analyst wrote.

Persons: Andrew Obin, Obin, — Hakyung Kim, David Vogt, Vogt, Morgan Stanley, Erik Woodring, Woodring, Goldman Sachs, Michael Ng, Ng, Bernstein, Douglas Harned, Harned, Daniela Nedialkova, Hakyung Kim, Tesla, Edison Yu, Yu, Fred Imbert Organizations: CNBC, Deutsche Bank, Atlantic, Costco, Bank of America, Johnson, Wall Street, Apple Intelligence, UBS, Apple, GE Aerospace GE Aerospace, GE Aerospace, GE Locations: Monday's

☆ Shein reveals child labor cases at its suppliers
▼ + stars: | 2024-08-23 | by ( Story Reuters | ) edition.cnn.com time to read: +4 min

Fast fashion retailer Shein found two cases of child labor at its suppliers last year, it said in its 2023 sustainability report, as it stepped up audits of manufacturers in China to assuage criticisms of its low-cost business model ahead of a planned flotation. Shein tightened its supplier policy last October after the child labor cases were found, so that any severe breaches — called “Immediate Termination Violations” — would result in ending the relationship with the supplier immediately. Previously, suppliers such as those that employed minors had 30 days to resolve the issue, failing which Shein would cut ties. That violation was found in 1.8% of supplier audits in 2021, 0.3% of audits in 2022, and 0.1% in 2023. “We remain vigilant in guarding against such violations going forward, and in line with current policies, will terminate any noncompliant suppliers,” Shein said in the report.

Persons: Shein, Annabella Ng, “, ” Shein, Sky Xu, Jiajia Zou, General Atlantic Cornelia Gomez, Josh Raffaelli, Ng, ” Organizations: SGS, Tuv, General Atlantic, Brookfield Growth Locations: China, Shein, Singapore, Openview, Tuv Rheinland, QIMA, London, China’s Guangdong, Turkey, Brazil

☆ Wall Street seems to love Apple's latest guidance on the new iPhone and Chinese demand
▼ + stars: | 2024-08-02 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Wall Street is even more bullish on Apple after its second-quarter earnings beat analyst expectations. Analysts are focused on a rebound in Chinese iPhone sales and the new iPhone 16. Ives raised his Apple price target to $285 from $275, representing an upside of 30% from Thursday's close. Apple offered guidance for the third quarter, with revenue expected to jump 5% year over year, ahead of Wall Street expectations for revenue growth of 4.3%. Ng raised his Apple price target to $275 from $265, arguing that the iPhone maker was "on the cusp of a multi-year replacement cycle for iPhone."

Persons: Wedbush, —, Dan Ives, Ives, Goldman Sachs, Michael Ng, Ng Organizations: Apple, Service, Cook, iPhone, Apple Intelligence, Products Locations: China, Thursday's, Cupertino

☆ Boeing and Airbus go head-to-head at a giant industry airshow every 2 years. This time, neither won.
▼ + stars: | 2024-07-29 | by ( Pete Syme | Taylor Rains | ) www.businessinsider.com time to read: +4 min

Read previewThe usual orders battle between Airbus and Boeing played second fiddle to supply-chain issues at last week's Farnborough Airshow. AdvertisementLast month, Airbus reduced its delivery targets, citing supply chain issues, which saw its stock drop as much as 11%. The day before the show, Guillaume Faury, the Airbus CEO, told the media the planemaker was having "important discussions" with some key suppliers as it was facing "a bit of an unexpected challenge." Frustrations with the supply chain were evident among airline bosses speaking at a summit on the first day of the airshow. AdvertisementWith gray skies for much of the week, the weather seemed to reflect the downturn for Airbus and Boeing.

Persons: —, Joshua Ng, Guillaume Faury, Luis Gallego, Ng, Dave Calhoun, Stephanie Pope, Kelly Ortberg, Rockwell Collins, Sir Keir Starmer Organizations: Service, Airbus, Boeing, Farnborough, November's Dubai, Alton Aviation Consultancy, Business, International Airlines Group, British Airways, Aer Lingus, Alaska Airlines, Current, Defense, NATO Locations: Paris, Farnborough, Ukraine, Gaza

☆ AI won't replace human workers, but 'people that use it will replace people that don't,' AI expert Andrew Ng says
▼ + stars: | 2024-07-28 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +1 min

AI experts debate the tech's impact on jobs, with some seeing growth and others concerned. Andrew Ng, Google Brain founder, believes AI will transform but not replace jobs. Ng argues Big Tech inflates AI threats to stifle competition and push for legislation. AdvertisementAI experts tend to agree that rapid advances in the technology will impact jobs. Andrew Ng, the founder of Google Brain and a professor at Stanford University, is in the latter camp.

Persons: Andrew Ng, Ng, — Organizations: Google, Big Tech, Service, Stanford University, Business

☆ This options strategy can profit off an Apple earnings surprise, Goldman says
▼ + stars: | 2024-07-25 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

The upcoming earnings report for Apple could create a big market move that options traders can take advantage of, according to Goldman Sachs. John Marshall, head of derivatives research at Goldman, said in a note to clients that the tech giant's earnings report after the bell on Aug. 1 could deliver a positive surprise. "[Goldman] Hardware analyst Michael Ng expects Apple (AAPL) to deliver an EPS beat at upcoming quarterly earnings driven by solid growth expectations for iPad/Mac and Services. A straddle is a type of options strategy involving a call and put option on a stock with the same expiration date and strike price. The Goldman note was written before Wednesday's tech sell-off, in which Apple fell 2.9%, so investors may want to consider other strike prices as well.

Persons: Goldman Sachs, John Marshall, Goldman, Michael Ng, — CNBC's Michael Bloom Organizations: Apple, Goldman, Services

☆ Some companies are requiring self-recorded interviews—3 ways to ace them, says Harvard career advisor
▼ + stars: | 2024-07-23 | by ( Alex Koller | ) www.cnbc.com time to read: +2 min

Resume and cover letter reviews aren't the only parts of the hiring process companies are opting to automate today: Add self-recorded interviews to the mix. "The challenge with an AI interview is that you have one shot at an answer, and it's not a conversation," he says. Here's how to give a self-recorded interview your best shot. Don't be too sure, Ng says: "When in doubt, look at your webcam, not your screen." A giveaway tell for reviewers is if someone's "eyes are moving left or right like they're reading from a teleprompter," he explains.

Persons: Gorick Ng, Ng, it's Organizations: Harvard University

☆ Serena Williams's husband and Reddit cofounder says he was diagnosed with Lyme disease and is starting treatment
▼ + stars: | 2024-07-18 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +3 min

Read previewOn Tuesday, Alexis Ohanian, a Reddit cofounder and Serena Williams' husband, announced on X that he was diagnosed with Lyme disease after getting a "full battery of health scans." Lyme diagnosis is tricky and expensiveDiagnosing Lyme disease is complicated. Treatment is complex and controversialGetting proper treatment for Lyme disease is important, as the long-term effects can range from severe arthritis and life-threatening heart complications. Because there's only one way to test for Lyme, treating chronic Lyme disease symptoms is complicated — and some doctors question if it's real at all. AdvertisementAbout 15% of people worldwide are affected by Lyme disease, yet treatment remains difficult.

Persons: —, Alexis Ohanian, Serena Williams, Lyme, — Alexis Ohanian 🇦🇲 ( Organizations: Service, Business

☆ Deloitte discusses the impact of geopolitical tensions on investing
▼ + stars: | 2024-07-15 | 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 EmailGeopolitical tensions have driven executives to 'take a serious look' at where they invest: DeloitteJiak See Ng, Asia-Pacific strategy, risk and transactions leader at Deloitte, says, however, that there are at least three other drivers.

Organizations: Deloitte Locations: Asia, Pacific

☆ Sean 'Diddy' Combs hires top NYC defense lawyer Marc Agnifilo to fight possible federal sex-trafficking charges
▼ + stars: | 2024-07-10 | by ( Laura Italiano | ) www.businessinsider.com time to read: +5 min

Marc Agnifilo addresses reporters in 2019 outside federal court in Brooklyn, where he represented NXIVM cult leader Keith Raniere. Timothy A. Clary/Getty ImagesAgnifilo, a former state and federal prosecutor in Manhattan, said he and co-counsel Teny Geragos are in regular communication with federal prosecutors. Combs has not spoken with prosecutors, added Agnifilo, now at Agnifilo Intrater. Alberto E. Rodriguez/Getty ImagesThe video corroborated allegations of violence in the R&B singer's lawsuit against Combs and Bad Boy Entertainment. Brafman repped Combs again in the leadup to the Ventura lawsuit.

Persons: —, Sean, Diddy, Combs, Marc Agnifilo, Pharma Bro, Martin Shkreli, Goldman Sachs, Roger Ng, Keith Raniere, Agnifilo, Cassie Ventura, There's, Timothy A, Clary, Teny Geragos, Ventura, Lionsgate's, Alberto E, Rodriguez, I'm, Roberta Intrater, Jennifer Lopez, repped, Benjamin Brafman, Uncle Benny, Brafman repped Combs, Brafman, Ben Organizations: Service, Pharma, Business, Southern, of, CNN, Bad Boy Entertainment, Adria, Times Square, Brafman, Associates, Ventura, US Locations: Manhattan, of New York, Los Angeles, Miami, Brooklyn, New York, Florida, Ventura

☆ Asia-Pacific will be the center of 'a lot of AI action,' tech services company says
▼ + stars: | 2024-07-09 | 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 EmailAsia-Pacific will be the center of 'a lot of AI action,' tech services company saysNg Kuo Pin, CEO of NCS, discusses the development of artificial intelligence in the region.

Persons: Ng Kuo Pin Organizations: Asia Locations: Pacific

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