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☆ CVS slashes profit guidance, will cut $2 billion in expenses as insurance costs climb
▼ + stars: | 2024-08-07 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +4 min

The CVS pharmacy logo is displayed on a sign above a CVS Health Corp. store in Las Vegas, Nevada on Feb. 7, 2024. CVS Health on Wednesday slashed its full-year profit outlook again and announced a new plan to cut $2 billion in expenses over several years as higher medical costs squeeze the company and the broader U.S. insurance industry. CVS also cut its unadjusted earnings guidance to a range of $4.95 to $5.20 per share, down from at least $5.64 per share. Those ratings help Medicare patients compare the quality of Medicare health and drug plans. Medicare Advantage, a privately run health insurance plan contracted by the federal Medicare program, has long been a driver of growth and profits for the insurance industry.

Persons: Brian Kane, Karen Lynch, Thomas Cowhey, Katerina Guerraz, Lynch, LSEG, CVS, Cowhey, Caremark Organizations: CVS Health Corp, CVS Health, Aetna, CVS, Affordable, Medicare, UnitedHealth, Humana, Elevance, LSEG Locations: Las Vegas , Nevada

☆ Here are Tuesday's biggest analyst calls: Nvidia, Apple, Micron, Amazon, Apollo Global & more
▼ + stars: | 2024-08-06 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Tuesday's biggest calls on Wall Street: Stifel initiates GE Healthcare as buy Stifel said it's bullish on shares of the GE spin-off. Rosenblatt reiterates Nvidia as buy Rosenblatt said concerns about delays in the company's Blackwell chip are overdone. " JPMorgan downgrades Carlyle Group to neutral from overweight JPMorgan said it sees better value elsewhere. Morgan Stanley reiterates Apple as overweight Morgan Stanley said Monday's DOJ ruling on Alphabet is a negative for Apple. JPMorgan upgrades Sonic Automotive to overweight from neutral JPMorgan said investors should buy the dip in the auto company.

Persons: Stifel, it's, Morgan Stanley, Rosenblatt, Blackwell, JPMorgan, Carlyle, Piper Sandler, Piper, Palantir, KeyBanc, D.A, Davidson, Apple, GOOGL, SAH, underperform Macquarie Organizations: GE Healthcare, GE, Taiwan Semiconductor, JPMorgan, Barclays, Nvidia, Blackwell, Royal, JPMorgan downgrades Carlyle Group, Bank of America, Artificial Intelligence, Micron, Apollo, of America, Apollo Global Management, APO, Meta, Retail Media, DOJ, Apple, Aspen, Sonic Automotive, SS, UBS, Walmart, Northland, Honest, Honest Company, Macquarie, underperform Locations: Royal Caribbean, GOOGL, EVs, China

☆ Want to invest $50,000? Here are 5 ETFs to buy and hold, according to a wealth manager
▼ + stars: | 2024-08-05 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

ETFs hold a collection of securities , like stocks or bonds, and so offer more diversification than a single asset. CNBC Pro asked Dennison for his top ETF picks that someone looking to invest $50,000 can buy and hold long-term. Avantis International Small Cap Value ETF Dennison says he's "very happy" with the Avantis International Small Cap Value ETF (AVDV-US). DFA Dimensional U.S. Small Cap Value ETF Another small-cap-focused ETF on Dennison's radar is the Dimensional US Small Cap Value ETF (DFSV-US), which owns companies that are "in corners of the market that are harder to reach." The Dimensional US Small Cap Value ETF is currently around 6% higher over the year to date.

Persons: Tariq Dennison, Dennison, he's, Spencer, Weizhen Tan, Ganesh Rao Organizations: Fidelity, GFM Asset Management, CNBC Pro, Value, U.S, Abercrombie, Fitch, Cadence Bank, Commercial Metals, JPM Global Equity, Global Equity, Arista Networks, Walmart, Deutsche Telekom, ASM International, Novo Nordisk, Vanguard Locations: U.S, Swiss, Dennison

☆ Nvidia said a new product every year was the key to winning the Gen AI race. Now it's faltering at the first hurdle.
▼ + stars: | 2024-08-05 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +5 min

The rollout of Nvidia's next-generation of AI chips, Blackwell, is going to be delayed according to media and industry analyst reports. Smaller cloud firms that have built their businesses on Nvidia chips could be affected by the delay too. Each new generation of AI chips promises step changes in computing capacity, speed and efficiency, allowing for faster computations and larger models. Taiwan Semiconductor Manufacturing Company, Nvidia's manufacturing partner, is using a relatively new process to manufacture the Blackwell chips. Some Blackwell chips have begun shipping to customers and production will still increase in the second half of the year.

Persons: —, Blackwell, Semianalysis, Hopper, Jensen Huang, Huang, there's, Nvidia's Blackwell, Bernstein Organizations: Service, Blackwell, Business, Nvidia, Meta, Microsoft, Google, AMD, Taiwan Semiconductor Manufacturing Company, Reuters, Bank of America Locations: Semianalysis

☆ USWNT 1 Japan 0: Trinity Rodman’s extra-time goal lifts a tired U.S. team to the Olympic semifinals
▼ + stars: | 2024-08-03 | by ( Steph Yang | Jeff Rueter | ) www.nytimes.com time to read: +10 min

The trio who had been so dominant in the group stage slowed in the knockout round opener. Sure, but Japan is also a very clinical team, able to cede possession and attack when they can create chances. Rodman’s extra-time goal keeps USWNT Olympic hopes aliveComing into the Olympics, Rodman’s role with the USWNT had largely been one of a creator. Throughout the group stage, few teams had as well-rounded a line anywhere on a field as the United States’ attack. AdvertisementThroughout the group stage, three teams stood out in underlying metrics: the United States, Japan, and Spain.

Persons: Trinity Rodman, Emma Hayes ’, Rodman, Mallory Swanson, Sophia Smith, ” Hayes, Lynn Williams, Jeff Rueter, Steph Yang, Swanson, Smith, TRINITY RODMAN, w., S. Organizations: women’s, Swanson, Paris Games, U.S, Japan, EADS Locations: Japan, U.S, United States

☆ Iran’s Options for Retaliation Risk Escalating Middle East Crisis
▼ + stars: | 2024-07-31 | by ( David E. Sanger | Farnaz Fassihi | ) www.nytimes.com time to read: +1 min

Most new Iranian presidents have months to settle into the decades-old cadence of gradual nuclear escalation, attacks against adversaries and, episodically, secret talks with the West to relieve sanctions. Mr. Haniyeh had not only attended the swearing-in, but had also been embraced by the new president and met that day with the supreme leader, Ayatollah Ali Khamenei, making the assassination a particularly brazen act. Now Mr. Pezeshkian — along with Ayatollah Khamenei and top military generals — will be immersed in critical choices that may determine whether war breaks out between two of the Mideast’s most potent militaries. He spent his first day in office in national security meetings. The final decision on how to retaliate rests with Mr. Khamenei and on Wednesday he where ordered Iranian forces to strike Israel directly for what appeared to be its role in killing Mr. Haniyeh.

Persons: Masoud Pezeshkian, Ismail Haniyeh, Haniyeh, Ayatollah Ali Khamenei, Pezeshkian, Ayatollah Khamenei, —, Mr, Khamenei Organizations: Islamic Revolutionary Guard Corps Locations: Tehran, Israel

☆ We're upgrading Microsoft after earnings. The stock has pulled back enough lately
▼ + stars: | 2024-07-30 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

Microsoft delivered an overall strong quarter after Tuesday's market close, but a miss on Azure revenue growth put shares under pressure in extended-hours trading. Office Consumer Products and Cloud Services revenue grew 3% as Microsoft 365 Consumer subscriptions grew 10% to 82.5 million. Windows Commercial Products and Cloud Services revenue increased 11%, driven by demand for Microsoft 365. Despite the solid fiscal Q1 outlook for Intelligent Cloud revenue, management guided Azure's constant currency revenue growth to 28% to 29%. Microsoft CEO Satya Nadella speaks during the Microsoft Build conference at Microsoft headquarters in Redmond, Washington, on May 21, 2024.

Persons: We're, Satya Nadella, Nadella, Amy Hood, Hood, That's, Jim Cramer's, Jim Cramer, Jim, Jason Redmond Organizations: Microsoft, Revenue, Nvidia, Broadcom, Devices, AMD, Investors, Products, Cloud Services, Consumer Products, Dynamics Products, Enterprise Mobility, Activision, Windows, —, Xbox, Management, CNBC, AFP, Getty Locations: OpenAI, pare, Redmond , Washington

☆ Katie Ledecky: The rise of an Olympic great
▼ + stars: | 2024-07-27 | by ( Aimee Lewis | ) edition.cnn.com time to read: +22 min

The teenager who achieved the unthinkableIn the dining hall of London’s Olympic Village, a few hours before her first Olympic final, Ledecky is eating lunch on her own. Katie Ledecky poses on the podium after winning gold in the women's 800m freestyle final at the London 2012 Olympics. Katie Ledecky and her mother Mary Gen Ledecky during the 2023 Golden Goggle Awards on November 19, 2023 in Los Angeles, California. Katie Ledecky swimming to gold in a new world record of 15.25:48 in the women's 1500m freestyle final on August 4, 2015 in Kazan, Russia. Katie Ledecky celebates after she broke the world record to win the women's 800m freestyle final at the Rio 2016 Olympic Games.

Persons: Michael Ledecky, Katie, hasn’t, ”, –, Katie Ledecky, ” Michael Ledecky, Sarah Stier, ” Russell Mark, George, “, that’s, Prince William, Catherine, Rebecca Adlington, Lotte Friis, Little, ” Prince William, Adam Pretty, Adlington, Ledecky, Becky, Michael, musing, Fabrice Coffrini, ’ ”, hadn’t, Al Bello, athletically, Michael Phelps, ” Bruce Gemmell, didn’t, Gemmell, Bruce Gemmell, Joe Scarnici, she’s, Michael Jordan, ” ‘, Mark, ” Gemmell, “ It’s, Mary Gen Ledecky, Kevork Djansezian, David, Mary Gen, Jon, Streeter Lecka, Edward Hagan, Kathleen, Berta, Albert Einstein, Jaromir “ Jerry ” Ledecky, d’état, doesn’t, Yuri Suguiyama, Michael Phelps ’, Andrew Nesty, ominously, ” Ledecky, “ She’s, Rushmore, She’s, Joe Biden, Katie Ledecky celebates, Odd Andersen, Ariarne Titmus, Summer McIntosh, wasn’t, It’s Organizations: CNN, Ivy League, CNN Sport, Antonio, London Aquatics Centre, Briton, Games, Getty, London Games, Olympic, London, Phillips, New York Islanders, Harvard, Stanford, Silver Star, Polytechnic Institute of Brooklyn, Rutgers, Tokyo Olympics, Rio Games, Rio Locations: San Antonio , Texas, Bethesda , Maryland, USA, AFP, Irvine , California, American, Maryland, Los Angeles , California, Harvard, Tokyo, Kazan, Russia, Woolaston , North Dakota, America, Czechoslovakia, New York, eureka, Gainesville , Florida, Paris, Indianapolis

☆ FAA approves SpaceX to resume Falcon 9 rocket launches after two-week hiatus
▼ + stars: | 2024-07-26 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +2 min

The Federal Aviation Administration has approved SpaceX to resume flights of its mainstay Falcon 9 rocket after a brief grounding, with Elon Musk's company planning to launch its next mission carrying satellites as soon as Saturday. The FAA clearance came just 15 days after the rocket suffered a rare inflight failure while in orbit during a launch of Starlink satellites. During the July 11 launch, the rocket's lower first stage, or booster — powered by nine engines — operated as expected before returning to land. A loose clamp for that tube and the intense vibration of the rocket's engine led to cracking, the company said. That cracked sense line resulted in a leak of liquid oxygen, causing damage to the rocket's engine when it attempted to restart in space.

Persons: Elon Organizations: Federal Aviation Administration, SpaceX, Falcon, FAA, CNBC

☆ Should I use a smartwatch to track my health data? A doctor explains
▼ + stars: | 2024-07-26 | by ( Katia Hetter | ) edition.cnn.com time to read: +9 min

To sort out my smartwatch health and fitness questions, I spoke with CNN wellness expert Dr. Leana Wen. A smartwatch with a heart rate monitor can help athletes track their heart rates to keep them in a certain range. Wen: What a lot of active people do is to track heart rate during exercise to keep the heart rate in a certain range. This is where the heart rate is under 70% to 75% of your maximal heart rate. Many smartwatches track sleep and can tell you how long you’ve slept and how much time you spent in each sleep stage.

Persons: CNN —, Leana Wen, Wen, I’ve, aren’t, it’s Organizations: CNN, Intelligence, George Washington University, Bluetooth, Apple Watch, Samsung Galaxy, US Food and Drug Administration, FDA Locations: what’s

In brief remarks before the meeting, Netanyahu mentioned how the two men have known each other for four decades. Biden also participated in a meeting with Netanyahu that includes families of American hostages in Gaza - a separate setting where he could apply firm pressure on Netanyahu to finalize the ceasefire agreement. After their meeting with the president and Netanyahu, some family members struck an optimistic tone on the prospects of a deal being reached soon. “We got absolute commitment from President Biden and Prime Minister Netanyahu that they understand the urgency of this moment now. However, as CNN reported this week, US and Israeli officials have voiced increased optimism about the prospects of an agreement.

Persons: Joe Biden, Benjamin Netanyahu, Netanyahu, “, ” Biden’s, ” Biden, ”, Biden, Siegel, Alexander, Chen, Naftali, Goldberg, Jonathan Dekel, –, ” Netanyahu, Kamala Harris, Harris, Nathan Howard TPX, Nathan Howard, Israel, Donald Trump, Trump, CNN’s Sam Fossum Organizations: Washington CNN, Israeli, CNN, Jewish, State, ” Biden reminisced, Biden, United, Prime, Central Kitchen, US, Democratic, Eisenhower, REUTERS, Trump, Networks Locations: Washington ,, Irish, American, Israel, Gaza, America, Washington , DC, Palm Beach , Florida

☆ Avoid the 'Magnificent 7' and buy these lesser-known stocks instead, wealth manager says
▼ + stars: | 2024-07-23 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

The so-called "Magnificent Seven" were among the hottest stocks last year, but one wealth manager says they are "wildly overvalued" and has his sights elsewhere. The Magnificent Seven comprises Alphabet , Amazon , Apple , Meta Platforms , Microsoft , Nvidia and Tesla , which continue to be in the spotlight thanks to the buzz around artificial intelligence. Other global stocks Global stocks Dennison is betting on include Fresenius Medical Care , a German health-care company, and Kazatomprom, a Kazakhstan-headquartered producer of uranium. "It is a top position in many pension portfolios and has become a value stock because of the strong Swiss Franc," he said. Value stocks are often cheaper than so-called growth stocks and typically trade at a lower price than what the company's performance indicates.

Persons: Tariq Dennison, Dennison, he's, Russell, Chow, Fook, Tencent, Goldman Sachs, Kazatomprom Organizations: GFM Asset Management, CNBC Pro, Apple, Microsoft, Nvidia, Tesla, Nasdaq, Value, Avantis U.S, Abercrombie, Fitch, Cadence Bank, Commercial Metals, KB, Jackson Financial, Warrior, MTR Corp, Global, Dennison, Fresenius, London Stock Exchanges, U.S, Nestle, Six Swiss Exchange Locations: U.S, China, Hong Kong, Kazakhstan, Swiss

☆ GM slows its EV plans again even as sales grow
▼ + stars: | 2024-07-23 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

Barra's comments come a week after she raised concerns about GM hitting its North American EV production capacity target. The entire Buick brand has targeted being fully electric by 2030, as part of GM's plans to exclusively offer consumer EVs by 2035. GM previously announced plans for four of the multibillion-dollar plants in the U.S. by 2026. Barra on Tuesday said the company would grow cell production in a "meaningful cadence." GM CFO Paul Jacobson declined to discuss potential plans to delay or cancel the automaker's future EV battery cell plants, aside from the two facilities making cells in Ohio and Tennessee.

Persons: Motors, Mary Barra, Barra, Paul Jacobson, " Jacobson, EVs, Jacobson Organizations: DETROIT –, Buick, GM, American, Detroit, LG Energy, EV Locations: Detroit, DETROIT, U.S, Michigan, North America, Ohio, Tennessee

☆ Stocks making the biggest moves after hours: Cleveland-Cliffs, Nucor, NXP Semiconductors and more
▼ + stars: | 2024-07-22 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

On the other hand, the company saw $5.09 billion in revenue for the second quarter, under the consensus estimate of $5.2 billion. That overshadowed the company's better-than-expected report for the second quarter. In the second quarter, Nucor earned $2.68 per share on $8.08 billion in revenue, while analysts polled by LSEG anticipated $2.35 a share and $7.69 billion in revenue. Zions earned $1.28 per share in the second quarter, above the $1.10 figure penciled in by analysts polled by LSEG. Calix said it had $198.1 million in revenue for the quarter, while analysts polled by FactSet forecasted $200.8 million.

Persons: FactSet, Nucor, LSEG, Crown, NXP, Zions, Calix, —, Darla Mercado Organizations: Cadence, Systems, Crown Holdings, Semiconductors, Revenue, LSEG, SAP —, SAP, FactSet Locations: Cleveland

☆ Dover wisely shuffles its portfolio — and why we're upgrading a struggling consumer stock
▼ + stars: | 2024-07-22 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

M & A moves: Club holding Dover said Monday it will sell its Environmental Solutions Group business to Terex Corporation for $2 billion in cash. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Russell, We're, Terex, Dover didn't, we're, Elliott, Danaher, Jim Cramer's, Jim Organizations: CNBC, ., Stocks, Nasdaq, Dover, Environmental Solutions Group, Terex Corporation, buybacks, Honeywell, Starbucks, Street, Elliott Management, Semiconductors, Cadence Design Systems, Spotify, United Parcel Services, GE Aerospace, GM, HCA Healthcare, Jim Cramer's Charitable Locations: Dover, Nucor, Cleveland, Freeport, McMoRan

☆ Alphabet earnings and 3 more things we're watching in the stock market next week
▼ + stars: | 2024-07-20 | by ( Zev Fima | ) www.cnbc.com time to read: +12 min

But in general, this is the kind of development we've hoped to see ever since Starbucks' massive earnings miss April 30. We'll take the nearly 7% pop in shares Friday and hope it's only the beginning of recovery for the beaten-up stock. Fed's fave inflation measure : The personal spending and income report will be the most closely watched economic report next week. Earnings : As the second-quarter earnings season picks up pace, we'll hear from five Club holdings next week including Google parent Alphabet . Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Russell, Donald Trump, — Trump, Jim Cramer, Trump, Donald Trump's, Taiwan's TSMC, Joe Biden's, Biden, Biden's, he's, Elliott, we've, We'll, it's, we'll, Sartorius, Ford, Jim Farley, We're, Honeywell management's, —, Zions, BOK, Brown, BRO, Lockheed Martin, Philip Morris, Clark, Lamb, Edwards Lifesciences, DOV, Dr Pepper, CARR, Baker Hughes, Booz Allen Hamilton, Jim Cramer's, Jim Organizations: Federal Reserve, Nasdaq, Dow, Republican National Convention, GOP, Bloomberg Businessweek, Trump, Elliott Management, Starbucks, Street Journal, Technology, General Motors, Honeywell, Dover, Products Company, Verizon, Truist, SAP, Semiconductors, Crown Holdings, Cadence Design Systems, Medpace Holdings, AGNC Investment, Logitech International S.A, KKR Real Estate Finance Trust, Berkley Corp, Spotify Technology S.A, United Parcel Service, GE Aerospace, GE, Cola Company, Lockheed, Comcast, Polaris Industries, Philip Morris International, Company, HCA Healthcare, Moody's Corporation, Enphase Energy, Texas Instruments Incorporated, Chubb Corporation, Seagate Technology plc, Maine, Packaging Corporation of America, Weatherford International plc, Canadian National Railway Company, FTAI Aviation Ltd, Mattel, Vertiv Holdings Co, Lamb Weston Holdings, NextEra Energy, Tenet Healthcare, Fisher, GE Vernova, Boston Scientific Corporation, General Dynamics, Lennox International, Software Technologies, CME Group, Fortive Corporation, Co, Roper Technologies, Teck Resources Limited, Blackstone Mortgage Trust, Economico Mexicano S.A, Dominion Freight, Otis Worldwide Corporation, OTIS, Ford Motor Company, Grill, Business Machines, IBM, Viking Therapeutics, Las Vegas Sands Corp, Newmont, Whirlpool, Globe, WM, O'Reilly Automotive, Annaly Capital Management, Honeywell International, American Airlines Group, Hasbro, Southwest Airlines Co, New York Community Bancorp, RTX Corporation, AstraZeneca, Carrier Global Corporation, Integer Holdings Corporation, Valero Energy, Texas, Juniper Networks, Boston Beer Company, Physicians Realty Trust, Allison Transmission Holdings, Corp, Columbia Banking, Digital Realty Trust, Edison International, Myers Squibb, Charter Communications, 3M Company, Booz, Centene Corporation, AON, Barnes, Colgate, Palmolive, Jim Cramer's Charitable, CNBC, U.S Locations: U.S, Taiwan, FactSet, China, Dover, Cleveland, Alexandria, ZION, W.R, Freeport, Kimberly, Cal, Teck, Las, ORLY, New, Banc, Bristol, Milwaukee , Wisconsin

☆ Six Takeaways From the Republican Convention
▼ + stars: | 2024-07-19 | by ( Shane Goldmacher | ) www.nytimes.com time to read: +1 min

Donald J. Trump’s dramatic acceptance of his party’s nomination just days after a failed assassination attempt put an exclamation point on a triumphant week for a Republican Party that emerged from its convention confident and unified. He described being saved by providence and emerging “more determined than ever” to take back the White House. The near-universal Republican embrace of Mr. Trump this week — after a deadly riot at the Capitol, an impeachment, four indictments and one criminal conviction since his last nomination — was all the more vivid because Democrats were tumbling further into turmoil over President Biden’s viability. Trump being Trump, his remarks stretched past midnight on the East Coast, shattering his own record for the longest nominating speech. But nearly every ad-lib and scripted line was gobbled up by a party that has never seemed more in his grip.

Persons: Donald J, Trump, — Organizations: Republican Party, Capitol, Trump Locations: East

☆ US-Mexico border security is stretching troops thin, placing demands 'not related to their military mission set,' National Guard chief says
▼ + stars: | 2024-07-19 | by ( Steve Beynon | ) www.businessinsider.com time to read: +7 min

For decades, the National Guard has had some level of presence on the southwest border. The border mission is mostly static security and surveillance, but troops typically are not allowed to interact directly with migrants or suspected smugglers. It also has been contributing to retention issues that have plagued the Army National Guard. The move sparked numerous questions on the ethics and legality of privately funding National Guard operations — and came as Noem was boosting her national profile. The National Guard has frequently been caught in the middle between state politicians and federal officials.

Persons: —, Daniel Hokanson, Military.com, Greg Abbott's, Chip Somodevilla, Hokanson, Herika Martinez, Christine Wormuth, JOSEPH PREZIOSO, Kristi Noem, megadonor Willis Johnson, Noem Organizations: Service, National Guard, Guard's, Business, Gov, Lone Star, Capitol Hill, US, Army National Guard, Army Guard, Guardsmen, Texas National Guard, AFP, Getty, Army, Guard, Massachusetts National Guard, South Dakota Republican Gov, Governors Locations: Mexico, Texas, Kuwait, Iraq, Afghanistan, Ukraine, Africa, AFP

☆ GOP sees divine intervention in Trump’s triumphant return
▼ + stars: | 2024-07-16 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

Thousands of Trump supporters in Milwaukee on Monday night hailed their leader, elevating him from MAGA superhero to saint-like status. For Trump’s millions of American fans, Monday night was a validation of their faith in God and the ex-president and the righteousness of his mission. A list of Black Republican and female Republican lawmakers gave speeches, offering a somewhat misleading perception that the GOP has a deep and diverse bench. One GOP source said speechwriters at the convention had thrown out all their pre-written material for the week’s top speakers and started again. The ex-president has a new chance at politics and life in the wake of his assassination attempt.

Persons: Donald Trump, MAGA, Trump, Sen, JD Vance, Ohio, He’s, “, ”, South Carolina Sen, Tim Scott, Providence, Kristi Noem, “ Nobody, They’ve, Marjorie Taylor Greene –, –, president’s, Trump’s, Hell, Joe Biden’s, he’d, Corey Comperatore —, Wisconsin Sen, Ron Johnson, Vance, Biden, ” Vance, Aileen Cannon, Jack Smith’s, … ” Trump, Elise Stefanik Organizations: CNN, Republican National Convention, Trump, Milwaukee Bucks NBA, America . South Dakota Gov, ” Georgia, Republican, Capitol, Washington Examiner, GOP, Wisconsin, Democrat, Florida, Washington , D.C, Democrat Justice Department, ” New York, Justice Department Locations: Pennsylvania, Milwaukee, American, South Carolina, America ., America, Washington, Ohio, New York, Florida, Washington ,

☆ Investors bet a Fed rate cut to spur rotation from crowded stocks to neglected as bull market continues
▼ + stars: | 2024-07-13 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

Last Thursday, 87% of S & P 500 stocks outperformed the index itself, which Goldman Sachs called "the most in the history of our data set." Its total gain of 57%, measured by the S & P 500, is almost exactly half the post-1929 average too. For good measure, this year the S & P 500 has posted the best-ever start to a presidential election year. Arguably something close to it is already priced in to a considerable degree, with the S & P 500 pushing 22-times forward earnings again. The elevated sentiment backdrop is par for the course for a bull market, but sometimes associated with pauses or pullbacks.

Persons: Goldman Sachs, Russell, it's, It's Organizations: Strategas, New York Stock Exchange, CPI, Federal, Big Tech, Nasdaq, Fidelity Investments, Federal Reserve, Treasury Locations: superlatives, Bull

☆ Some transgender and nonbinary people may want to change their voices. Gender-affirming vocal coaches are there to help
▼ + stars: | 2024-07-06 | by ( Alexandra Willingham | ) edition.cnn.com time to read: +11 min

This is where gender-affirming vocal coaches come in. “At the same time, I was taking a voice disorders class, and there was just a single bullet point on there about gender-affirming voice work,” they told CNN. “But that was enough for me to look out on my own and seek further education.”There are different approaches to gender-affirming vocal work. “Transgender vocal training, as it’s sometimes called, sprung up from a marriage of speech pathologists, singing teachers, theater specialists and their techniques. Freya, who is a lesbian, says gender-affirming work is a skill she can offer to her wider LGBTQ community.

Persons: Kevin Dorman, Dorman, “, ”, it’s, ” Dorman, Kim Chandler, Alexis Vandom, ” Vandom, Vandom, ” Bryce Chambers, Chambers, Anna Freya, Freya, It’s, ” Freya, “ There’s, There’s, —, ‘ Organizations: CNN, Alabama Statehouse Locations: Greensboro , North Carolina, Alabama, Seattle

☆ Semiconductor stocks just capped off a strong start to 2024. What to expect in the second half
▼ + stars: | 2024-07-05 | by ( Samantha Subin | ) www.cnbc.com time to read: +6 min

Wall Street is sticking with semiconductor stocks after its hot start to the year. SMH YTD mountain Share performance in 2024 That said, many investors and analysts expect another strong glide path for the industry in the second half. "The AI theme continues to remain very strong," said CFRA Research analyst Angelo Zino, who holds a buy rating on Nvidia. Many on Wall Street view this upcycle as a significant tail wind for Micron Technology as the industry edges out of its trough. But many on Wall Street viewed the sell-off as a buying opportunity , with Goldman Sachs analyst Toshiya Hari expecting market share gains in high-bandwidth memory.

Persons: frothiness, Angelo Zino, you've, Ken Mahoney, John Belton, we're, Management's Paul Meeks, that's, Harlan Sur, Baird, Ted Mortonson, Jeff deGraaf, CNBC's, Gabelli's Belton, Belton, Meeks, Goldman Sachs, Toshiya Hari, Hari, CFRA, Zino, Baird's Mortonson Organizations: VanEck Semiconductor, Nvidia, Devices, CFRA, Gabelli Funds, Broadcom, JPMorgan, KLA Corp, Cadence Design Systems, Micron Technology, Micron, Qualcomm, Apple Locations: unchartered

☆ AI data centers could add 3 New York Cities of demand to the power grid in 2 years
▼ + stars: | 2024-07-03 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +6 min

So far, the only part of Earth AI seems hell-bent on dominating is the power grid. AI data centers are doubling the pace of electricity demand growth in the US to the extent that demand could exceed supply in just two years without action, according to Bernstein Research. The potential shortfall could mean higher prices for the computing power AI developers of all sizes are clamoring for, along with ample opportunity for investors willing to build up supply. How are AI companies planning aheadIt's not just the total power needed for AI computing infrastructure, it's the unique cadence of the power need and the cooling AI chips require. Amazon is clearing some of these hurdles by colocating some data centers with nuclear power sites.

Persons: —, that's, catchup, Bernstein, Jensen Huang, Huang, Agrawal, we're, Andrew Feldman, Feldman Organizations: Service, Bernstein Research, Business, Nvidia, Vertiv, Lambda, Cerebras Systems Locations: UAE, South Africa, Kenya, Nigeria, Egypt, Iceland

☆ Opinion: The real loser in the first presidential debate
▼ + stars: | 2024-06-28 | by ( Opinion Cnn Contributors | ) edition.cnn.com time to read: +28 min

CNN —CNN Opinion asked political contributors to weigh in on the first presidential debate of the 2024 race. On the other hand, President Joe Biden did not meet expectations and may have increased concerns about his age and ability to lead for another four years. Debates are always more about style than substance, and President Joe Biden’s style was simply awful. Did President Joe Biden come off as a leader or a loser? And yes, the visuals in this first presidential debate of the cycle were phenomenally important.

Persons: Ana Marie Cox, Joe Biden’s, Donald Trump, Biden, Ana Marie Cox Faith Fonseca, Trump, mumbling, I’m, Shermichael Singleton, Joe Biden, Paul Begala, ” “, ” Paul Begala, meandered, —, Republicans — Biden, Bill Clinton’s, Clinton, Jeff Yang, Jeff Yang CNN, — Biden, Joe, Bruce, ”, “, ” Patrick T, Brown, Biden’s, Dobbs, Roe, Wade, Patrick T, CNN’s Dana Bash, David Mark, there’s, Kamala Harris, Harris, Nikki Haley, ” Geoff Duncan, Geoff Duncan Alex Slitz, Geoff Duncan, Peter Bergen, Abu Bakr al, General Qassem Soleimani, It’s, ” Susanne Ramirez de Arellano, Susanne Ramirez de Arellano Frank Moya, Biden “, ” Trump, Susanne Ramirez de Arellano, Roxanne Jones, Democrats — Biden, Nobody, Jones, Lanhee J, Chen, Chen Lanhee J . Chen, David, Diane Steffy, Romney, Ryan Organizations: CNN, Democratic Party, Biden, Trump, “, Global, Democrats, ” Paul Begala CNN, Republicans, Democratic, sonics, Public Policy Center, Economic, Republican, South Carolina Gov, Democratic National Convention, Washington, Peter Bergen CNN, US Border Patrol, ISIS, Islamic, Guards, Force, Walmart, New America, Capitol, New, Arizona State University, Social Security, Medicare, UCLA, Politics Initiative, America, Tonight, Univision Puerto Rico, ESPN, New York Daily News, Philadelphia Inquirer, Public Policy, Hoover Institution Locations: Texas, Austin, America, Asian America, Washington , DC, bravura State, Canada, Abu, Uzbek, Manhattan, El Paso , Texas, New America, United States

☆ In This Debate, CNN Is the Decider
▼ + stars: | 2024-06-24 | by ( Michael M. Grynbaum | ) www.nytimes.com time to read: +1 min

The prime-time matchup on Thursday between President Biden and former President Donald J. Trump represents an evening full of promise and peril. For the first time in decades, a single television network will have sole discretion over the look, feel and cadence of a general-election presidential debate. Unlike in past years, when an independent, nonprofit commission oversaw the contests, CNN has picked the moderators, designed the set and will choose the camera angles that viewers see. Lest any voters forget who’s in charge, the red CNN logo will be ubiquitous: Rival channels seeking to simulcast the event had to agree to leave the network’s on-air watermark untouched. The debate, at 9 p.m. Eastern, could be the single most-watched moment of the presidential campaign, with consequences that ripple all the way to November.

Persons: Biden, Donald J, Trump Organizations: CNN

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