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☆ Stock futures are little changed after S&P 500 notches record close: Live updates
▼ + stars: | 2024-06-05 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange during afternoon trading on April 9, 2024. Stock futures hovered near the flatline in overnight trading after the S&P 500 notched a new record closing high thanks to a rally in artificial intelligence chip darling Nvidia . Futures tied to the S&P 500 rose nearly 0.1%, while Nasdaq-100 futures inched up 0.1%. Lululemon jumped 10% in extended trading on as the sportswear manufacturer beat expectations in its fiscal first quarter. The S&P 500 jumped 1.18% to close at 5,354.03.

Persons: Lululemon, Stocks, Rubin, Aswath Damodaran, nonfarm Organizations: New York Stock Exchange, Stock, Futures, Nasdaq, Dow Jones, Nvidia, Apple, New York University, Federal Reserve, ADP

☆ Stocks making the biggest moves after hours: Lululemon, Five Below, Sprinklr and more
▼ + stars: | 2024-06-05 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Lululemon posted earnings of $2.54 per share on $2.21 billion in revenue. Five Below said it expects second-quarter revenue to range between $830 million and $850 million, behind an LSEG consensus estimate of $883 million. Victoria's Secret topped earnings expectations in the first quarter and posted revenues that were in line with Wall Street's estimates. In its first quarter, Smartsheet posted adjusted earnings of 32 cents per share and $263 million in revenue. That surpassed an LSEG consensus estimate for earnings of 27 cents per share and $258 million in revenue.

Persons: Lululemon, Smartsheet, Sprinklr Organizations: Revenue

☆ Is your picnic bear proof? Video shows how fast bears can destroy a campsite
▼ + stars: | 2024-06-05 | by ( Samantha Lindell | ) edition.cnn.com time to read: 1 min

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☆ Nvidia can rally another 30% because of its 'multi-year lead' in AI chips, Bank of America says
▼ + stars: | 2024-06-05 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Nvidia 's head start in artificial intelligence chipmaking could boost its shares by another 30%, according to Bank of America. Nvidia shares have already risen 29% since the end of March, pushing its year-to-date gain to 135%. Bank of America's Arya reaffirmed his buy rating on shares and a $1,500 price target, implying 29% upside from Tuesday's close. He views Nvidia as best positioned "to enabling the $3 trillion IT industry towards delivering AI services." NVDA YTD mountain Shares this year While giving the Jensen Huang-led company a market value approaching $2.9 trillion, Nvidia's surging share price may create volatility.

Persons: Blackwell, Vivek Arya, Bank of America's Arya, Jensen Huang, Arya Organizations: Nvidia, Bank of America, AMD, Intel, Bank of America's, Blackwell, Grace

☆ AT&T outage: Service down for customers across the US
▼ + stars: | 2024-06-04 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +1 min

CNN —A nationwide AT&T outage is once again leaving customers in the dark on Tuesday. In a statement sent to CNN, the company said a problem is preventing AT&T customers from completing calls between carriers. Calls between AT&T customers aren’t impacted. AT&T told CNN that 911 is not impacted at this time. AT&T told CNN the alerts were received accidentally after a template for such a notification was triggered and sent.

Persons: ” Organizations: CNN, New York Locations: New, New York City, Chicago, Philadelphia, Dallas, Pittsburgh, Indianapolis, Camden County , Georgia, Scranton

☆ How AI could supercharge the Vision Pro
▼ + stars: | 2024-06-04 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +9 min

It could also boost sales of the pricey Vision Pro, which has reportedly and unexpectedly received a production cut. During its most recent earnings call, CEO Tim Cook said more than half of the Fortune 100 companies have already bought an Apple Vision Pro. But while it’s unclear when generative AI will come to the Vision Pro, Nygugen said: “It’s only a matter of time.”That’s because the Vision Pro is merely just another interface – much like a tablet, laptop, or watch, that touches Apple’s ecosystem. The Vision Pro, the tech giant's $3,499 headset, is its first major release since the Apple Watch nine years ago. “Vision Pro just came out a few months ago and it needs to get its feet under it before it really starts to take off,” Llamas said.

Persons: it’s, Tim Cook, It’s, Siri, “, Tuong, ”, Nygugen, ” Nygugen, Angela Weiss, Ming Chi, Kuo, Jeremy Bailenson, Bailenson, Ramon Llamas, Apple, ChatGPT – Organizations: CNN, Developers, Google, Samsung, Vision, Fortune, Apple Vision, Gartner, Apple, Apple Watch, Getty, Vision Pro, Stanford, VR, IDC, Microsoft, “ Locations: Cupertino , California, New York City

☆ Stocks making the biggest moves midday: Bath & Body Works, Carnival, GameStop and more
▼ + stars: | 2024-06-04 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines in midday trading: Bath & Body Works — Shares of Bath & Body Works sank nearly 13% and headed for their worst day since 2021. Bath & Body Works expects earnings to range between 31 cents and 36 cents a share, behind a FactSet estimate of 38 cents in earnings per share. Saia — The freight company popped 6.7% after it posted higher less-than-truckload shipments per workday for April and May compared to a year earlier. Shares of BP and Exxon Mobil fell around 2.3% and 1.6%, respectively, while Diamondback Energy and Chevron shares fell nearly 1%. Stanley Black & Decker — The industrials stock fell about 3.7% after Barclays downgraded the stock to equal weight from overweight.

Persons: Keith Gill, Goldman Sachs, TZE, Goldman, Stanley Black, Decker, Julian Mitchell, Oppenheimer, Jed Kelly, —, Samantha Subin, Michelle Fox, Yun Li, Pia Singh, Lisa Han Organizations: Body, O Cruises, Carnival Cruise, GameStop, Street, Trade, Dominion Freight, Technologies, Energy, BP, Exxon Mobil, Diamondback Energy, Chevron, Barclays

☆ OpenAI insiders call for company to be more transparent about the ‘serious risks’ AI technology poises to society
▼ + stars: | 2024-06-04 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +3 min

CNN —A group of OpenAI insiders are demanding that artificial intelligence companies be far more transparent about AI’s “serious risks” — and that they protect employees who voice concerns about the technology they’re building. “AI companies have strong financial incentives to avoid effective oversight,” reads the open letter posted Tuesday signed by current and former employees at AI companies including OpenAI, the creator behind the viral ChatGPT tool. As the law currently stands, the AI employees said, they don’t believe AI companies will share critical information about the technology voluntarily. Their letter comes as companies move quickly to implement generative AI tools into their products, while government regulators, companies and consumers grapple with responsible use. Meanwhile, Apple is widely expected to announce a partnership with OpenAI at its annual Worldwide Developer Conference to bring generative AI to the iPhone.

Persons: ”, OpenAI, ” OpenAI, Daniel Ziegler, “, Tim Cook Organizations: CNN, Companies, Security, Apple, OpenAI, Conference, ” Apple Locations: OpenAI

☆ Stocks making the biggest moves premarket: Intel, GameStop, Bath & Body Works and more
▼ + stars: | 2024-06-04 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Bath & Body Works — Shares of the home fragrance and personal care retailer dropped 9%. Bath & Body Works topped first-quarter earnings and revenue estimates but shared disappointing guidance for the current period. The company expects earnings to range between 31 cents and 36 cents a share, versus a FactSet estimate of 38 cents. Gitlab — The software company shed 2.3% despite posting an earnings and revenue beat postmarket for its fiscal first quarter Monday. Adjusted earnings per share came in at 3 cents, versus the 4 cent loss per share expected from analysts polled by LSEG.

Persons: Keith Gill, Gill, —, Fred Imbert, Alex Harring, Michelle Fox Organizations: Intel, Nvidia, AMD, GameStop, Street Journal, AMC Entertainment, Body Works, LSEG, Revenue, CNBC

☆ Tesla shares to tumble 30% as investors fail to buy into Musk's autonomy vision, says Guggenheim
▼ + stars: | 2024-06-04 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Tesla investors may be in for some more pain ahead if the market fails to adopt Elon Musk's dream of an autonomous future, according to Guggenheim. He retained his $126 price target and sell rating on the electric vehicle stock, reflecting about 29% downside from Monday's close. Shares have already tumbled 29% this year amid rising China competition and weak demand. TSLA YTD mountain Shares this year How Tesla fares going forward depends heavily on Musk and the company's foray into autonomous vehicles, Jewsikow wrote. Jewsikow also lowered his second-quarter delivery estimates to 409,000 from 440,000, citing the lack of a "credible path to 2024 volume growth" and weak quarterly data.

Persons: Elon, Tesla, Ronald Jewsikow, Jewsikow, bullish Organizations: Guggenheim Locations: China

☆ The Kate Middleton-approved brand Me+Em is expanding to the US. I visited its NYC flagship and saw why the royals love it.
▼ + stars: | 2024-06-04 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +7 min

The UK-based fashion brand Me+Em has become a royal favorite in recent years. Kate Middleton has reworn a pink dress from Me+Em to royal engagements, and Meghan Markle sported a jacket from the brand in 2020. Sophie, the Duchess of Edinburgh, was even spotted wearing the same Me+Em dress Queen Camilla owns in 2023, as Hello! Samantha Grindell/Business InsiderThe mirror was huge, and the lighting was built into the walls to save space. After seeing the Me+Em store and its clothes, I understood why it had charmed the royals.

Persons: —, Kate Middleton, Meghan Markle, Sophie, Duchess, Camilla, Clare Hornby, BEN STANSALL, Getty Images Hornby, Em, I'd, The Carlyle, Samantha Grindell, Carlyle Organizations: Service, Business, Chelsea, Getty Images, New York Times, Fashion Network, East Hampton, Madison Ave Locations: Edinburgh, New York, Madison, SoHo, East, The

☆ A New Yorker turned her one-bedroom apartment into a colorful dream space with 'dopamine decor'
▼ + stars: | 2024-06-04 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +1 min

Maitri Mody moved into a one-bedroom apartment in Brooklyn, New York, in February. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAs Maitri Mody settled into her new apartment, she knew she needed to put her stamp on it. In February, she moved into a one-bedroom apartment in Brooklyn's Park Slope neighborhood with her pug, Ari. As a maximalist and fan of bright decor, Mody wanted to fill her apartment with color, even though she was only renting.

Persons: Maitri Mody, —, Mody, pug, Ari Organizations: Service, Business Locations: Brooklyn , New York, New York City, Brooklyn's

☆ A shady financial tool from the housing-bubble era is making a comeback
▼ + stars: | 2024-06-03 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

Perhaps the last thing the market needs is another shady financial product that pushes low-income Americans into homes they can’t afford, under terms that could bankrupt them. The zero-down mortgage is making a comeback, my colleague Matt Egan reports. And honestly, when has the value of the housing market ever gone anywhere but up up up up? The housing market, as we all remember from “The Big Short,” does not always go up. One way for motivated buyers to hunt for a lower mortgage rate is buy someone else’s.

Persons: America’s, aren’t, Matt Egan, you’re, let’s, didn’t, you’d, you’ll, ”, Patricia McCoy, ” Alex Elezaj, ” Adams, “, Samantha Delouya, Ellen Harper, Samantha, ” Harper Organizations: New, New York CNN, Wall, United Wholesale Mortgage, Boston College Law School, CNN, “ Locations: New York, Georgia

☆ Insider Today: Arizona's 'Beverly Hills'
▼ + stars: | 2024-06-01 | by ( Joi-Marie Mckenzie | ) 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. It's time for tech workers to transition into their summer styles. AdvertisementBI spoke with fashion experts, who gave us a tech worker's guide to summer fashion. "We Are Lady Parts": The British sitcom, about an all-female Muslim punk rock band called Lady Parts, returns for its second season on Peacock. The British sitcom, about an all-female Muslim punk rock band called Lady Parts, returns for its second season on Peacock.

Persons: —, Hollis Johnson, Samantha Lee, Let's, Jason Guerrasio, Jason, Mark, Jeff Bezos, Tyler Le, Sara Dubnow, Alyssa Powell, she's, Joey Haden, Eric, Benedict Cumberbatch, Peacock Organizations: Service, Business, MoviePass, Big Tech, Scottsdale BI's, Silverleaf, Netflix, 7M Films Locations: Los Angeles, Scottsdale, Silverleaf

☆ It’s hurricane season. Good luck getting affordable homeowners’ insurance
▼ + stars: | 2024-06-01 | by ( Samantha Delouya | ) edition.cnn.com time to read: +6 min

For decades, homeowners insurance was considered a very stable line of business for insurance companies, said Chuck Nyce, a professor of risk management and insurance at Florida State University. The US homeowners insurance industry saw net losses jump to $101.29 billion in 2023, according to the report. Only two of the 20 largest US homeowners’ insurance companies were profitable last year. Kaylee Greenlee Beal/ReutersWhile property insurance is not mandated by law, most lenders require it for mortgage holders. Last year, Florida’s state-backed Citizens Property Insurance Corp. became the 10th largest homeowners’ insurer in the US, S&P Global said.

Persons: it’s, aren’t, Chuck Nyce, Nyce, Mario Tama, ”, Lynne McChristian, policyholders, Greenlee Beal, Aris Papadopoulos Organizations: CNN, P Global, Florida State University, Volunteers, P, University of Illinois, Property Insurance Corp, Florida Locations: States, Arizona , Illinois, Utah, Lahaina , Hawaii, Hawaii, Urbana, Champaign, Florida, California, Louisiana, North Carolina, Texas, Houston, Florida’s

☆ Congressional leaders invite Israeli Prime Minister Benjamin Netanyahu to address joint meeting of Congress
▼ + stars: | 2024-05-31 | by ( Annie Grayer | ) edition.cnn.com time to read: +2 min

CNN —The top four congressional leaders have formally invited Israeli Prime Minister Benjamin Netanyahu to address a joint meeting of Congress. The invitation comes after much speculation as additional military aid to Israel remains in question and Democrats are facing pressure from their left wing as the party remains divided over Israel’s handling of the war against Hamas. President Joe Biden on Friday laid out a three-phase proposal Israel has submitted to wind down the grinding crisis in Gaza. Less than an hour after Biden detailed the Israeli proposal, Netanyahu’s office insisted Israel would not end the war until Hamas is defeated and “all of its goals are achieved.”CNN previously reported that during a closed-door conference meeting in March, House Republicans raised the idea of inviting Netanyahu. CNN’s Kaanita Iyer, Haley Talbot, Melanie Zanona, Clare Foran, Kevin Liptak, Nikki Carvajal and Samantha Waldenberg contributed to this report.

Persons: Benjamin Netanyahu, “, Mike Johnson, Hakeem Jeffries, Chuck Schumer, Mitch McConnell, ”, Joe Biden, ” Biden, Israel, Biden, Netanyahu, Johnson, CNN’s Kaanita Iyer, Haley Talbot, Melanie Zanona, Clare Foran, Kevin Liptak, Nikki Carvajal, Samantha Waldenberg Organizations: CNN, Israeli, United States House, United States Senate, Republicans, Senate, Hamas, ” CNN, House Republicans, Israel Locations: of Israel, Israel, Gaza

CNN —President Joe Biden announced Friday that Israel has offered a “comprehensive new proposal” that provides a “roadmap” to a ceasefire in the war with Hamas in Gaza and the release of all hostages held by the terror group. “And the Palestinian people have endured sheer hell of this war,” Biden said. Earlier on Friday, Israel said its forces have entered central Rafah, the city in southern Gaza that Biden has warned should not be the target of a major ground offensive. Biden will be speaking as negotiations continue to secure the release of hostages in exchange for a temporary ceasefire in the war between Israel and Hamas. White House officials have sought this week to explain Biden’s stance, suggesting his barometer for changing policy would be a “major ground invasion” of the city.

Persons: Joe Biden, Israel, ”, who’ve, ” Biden, Biden, “, “ It’s, ” Israel, Benjamin Netanyahu, CNN’s Erin Burnett, John Kirby Organizations: CNN, Hamas, Israel’s, White, Democrats Locations: Gaza, Qatar, Rafah, Israel, Palestinian, Delaware, ”, That’s

☆ Want a low mortgage rate? Take someone else’s
▼ + stars: | 2024-05-31 | by ( Samantha Delouya | ) edition.cnn.com time to read: +6 min

This means that a buyer keeps the seller’s repayment period, mortgage balance and, notably, the seller’s lower mortgage rate. Securing that ultra-low mortgage rate means that Harper will save thousands of dollars in monthly payments. “I just decided I wanted to see how low I could pay on the interest rate,” Harper said. And while the mortgage rate on the second loan may be high, the total monthly payment could still be lower — if the assumed mortgage rate is low enough. Snagging a low mortgage rate like Harper’s in today’s high interest rate environment may seem like a dream come true to some prospective homebuyers, but the process is not always smooth sailing.

Persons: ”, Ted Tozer, Ginnie Mae —, Tozer, Ellen Harper, Harper, “, ” Harper, ” Tozer, homebuyers, he’d, Raunaq Singh Organizations: CNN, of Housing, Urban, Urban Institute, Intercontinental Exchange, Federal Housing Administration, US Department of Veterans Affairs, Realtors Locations: Georgia, Georgia , Arizona , Colorado , Texas, Florida

☆ Video shows man drive on sidewalk and allegedly try to hit pedestrians while yelling antisemitic slurs
▼ + stars: | 2024-05-30 | by ( Samantha Lindell | ) edition.cnn.com time to read: 1 min

☆ Kate Middleton won't be attending a Trooping the Colour event
▼ + stars: | 2024-05-30 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +1 min

The 2024 Trooping the Colour is set to take place on June 15. Kate Middleton won't be attending the Colonel's Review as she did in 2023. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAmid a tumultuous time for the royal family, one of the monarchy's biggest events of the year is quickly approaching. The annual event typically brings all senior members of the royal family together as they gather on the balcony of Buckingham Palace to greet the public.

Persons: Kate Middleton, King Charles, — Organizations: Service

☆ 9 ways you're making your wedding look cheap, according to a luxury planner
▼ + stars: | 2024-05-30 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +1 min

Guests need transportation. "When you don't provide transportation to your guests, it really feels like you have not thought about them whatsoever," Ritchie said. "Now, of course, there are ways around that if the wedding is at the hotel and everyone can stay at the hotel, great," she went on to say. Ritchie said forgoing transportation can make your guests feel like an afterthought, which is the last thing they should be on your wedding day. "It feels very cheap when people forget that part of the puzzle, and it's not fun, but it's necessary," she added.

Persons: Ritchie

☆ Mount Everest climber sets record for fastest ascent by a woman
▼ + stars: | 2024-05-29 | by ( Lilit Marcus | ) edition.cnn.com time to read: +4 min

CNN —Twenty-four hours and 26 minutes, without stopping to sleep: Nepal’s Phunjo Lama has just broken the world record for the fastest ascent of Mount Everest by a woman. Her journey from Everest Base Camp to the top took 14 hours and 31 minutes, then the descent from Everest was another nine hours and 18 minutes. Due to the limited climbing season and challenging conditions on Mount Everest, the window to reach the top of the mountain is small. That record was broken in 2021 by Hong Kong native Ada Tsang in 25 hours and 50 minutes. Currently, the record for fastest ascent by a male climber is 10 hours and 56 minutes, set by Nepali Lhakpa Gelu Sherpa in 2003.

Persons: CNN —, Lama, Samantha McMahon, Ada Tsang, she’s, “, Kim Lal Gautam, Niranjan Shrestha Organizations: CNN, Everest Base, Base, Guinness World Records, Lhakpa, Guinness Locations: Everest, Base, Hong Kong, Kathmandu, “, North America, Pakistan

☆ This signal could be good news for the stock market
▼ + stars: | 2024-05-29 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

Some analysts think that means good news for stocks in the second half of the year. While [gross domestic product] and the labor market seem to be slowing, earnings are accelerating,” wrote the Bank of America analysts. That means an improving manufacturing cycle but slowing services can lead to a divergence between market performance and economic performance. “We’ve witnessed records repeatedly break in both stock and housing markets over the past year.”In addition to unrelentingly high home prices, the housing market is also grappling with a chronic lack of homes on the market and elevated mortgage rates. Put together, it has resulted in a tough housing market, especially first-time buyers.

Persons: Dow, PMIs, ”, Brian Luke, “ We’ve, Read, Apple’s Siri, Siri, Samantha Murphy Kelly, Tim Cook, ” Read Organizations: CNN Business, Bell, New York CNN, Federal Reserve, Institute for Supply Management, PMI, Bank of America, Dell, Marvell, Costco, Dow Jones, Developers Conference, Google, Samsung, ” Apple Locations: New York, San Diego , New York, Cleveland, Los Angeles

☆ Bloomsbury had its highest sales year ever thanks to Sarah J. Maas
▼ + stars: | 2024-05-29 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +4 min

Read previewBloomsbury Publishing is crediting fantasy author Sarah J. Maas for its record-setting sales year. AdvertisementAnd the company said that growth comes largely from one author: Sarah J. Maas. Bloomsbury's CEO credits fantasy author Sarah J. Maas with driving the publisher's growthIn a statement on its financial report, Bloomsbury's CEO Nigel Newton pointed to Sarah J. Maas as the source of much of the company's financial achievements for the year. Sarah J. Maas had massive sales over the last year. "Sarah J. Maas is a publishing phenomenon and we are very fortunate to have signed her up with her first book 14 years ago."

Persons: —, Sarah J, Maas, Nigel Newton, Newton, JK Rowling's, Harry Potter, Katherine Rundell's, Bloomsbury Maas, Rebecca Yarros, Carissa Broadbent Organizations: Service, Bloomsbury, Business, New York Times, Marvel, Wings Locations: Bloomsbury, children's

☆ What a generative AI iPhone could look like
▼ + stars: | 2024-05-28 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +7 min

Although artificial intelligence has powered some of the iPhone’s experiences for years, such as Live Text and improved autocorrect, generative AI could unlock new levels of interaction and personalization. The debut of an AI iPhone could also entice consumers to upgrade at a time when they’ve been holding onto older models longer. Now all eyes shift to Apple for its take on generative AI. Expediting AIBehind the scenes, Apple reportedly has been working on its on-device generative AI capabilities and acquiring companies for awhile, such as Canadian startup DarwinAI. But now it needs to show it’s going all in on artificial intelligence to stay relevant in a rapidly evolving industry.

Persons: Apple’s Siri, Siri, ”, Tim Cook, they’ve, Paul Schell, ” Schell, Thomas Husson, Forrester, Apple, Nabila, doesn’t, ” Popal, “, “ It’s, it’s Organizations: CNN, Developers Conference, Google, Samsung, ” Apple, Apple, ABI Research, Microsoft, Meta, IDC, Bloomberg, Huawei Locations: China

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