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Cash flow and capital allocation In its June quarter, Apple generated operating cash flow and free cash flow results that handily exceeded Street expectations. The Mac's return to growth is also notable, especially given the shorter quarter, indicating a significant acceleration in growth versus the September quarter. In services, sales advanced 11% year over year on the back of double-digit growth in paid subscriptions. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.
Persons: Tim Cook, Cook, Apple, Siri, we're, it's, Luca Maestri, We've, Jim Cramer's, Jim Cramer, Jim, Justin Sullivan Organizations: Apple, Vision, CNBC, Apple Vision, Getty Locations: China, Malaysia, Mexico, Philippines, Poland, Turkey, India, Indonesia, Saudi Arabia, Chile, Kantar, U.S, Japan, Australia
Opinion | Running for President Is Not a Hobby
  + stars: | 2024-01-31 | by ( Gail Collins | ) www.nytimes.com   time to read: 1 min
No, it’s not about how to get your kids Taylor Swift tickets in Tokyo. My news is that Dean Phillips is not going to run as a third-party candidate for president. OK, you’re thinking that you’ve had more thrilling news from the grocer on banana prices. People there were a tad piqued by the Democrats’ decision to move the first official party vote to South Carolina. Despite all that rancor, Phillips, who, unlike President Biden, was on the ballot, got about 24,000 votes to Biden’s nearly 80,000 write-ins.
Persons: Taylor Swift, Dean Phillips, , you’ve, Phillips, Biden Organizations: New, Democrats Locations: Tokyo, Minnesota, New Hampshire, South Carolina
For one, the word can be taken as a reality check against a prominent idea concerning language. Psychologists have since shown repeatedly that differences in how languages’ vocabularies label experience do condition very small differences in thought patterns. In Russian, for instance, there is not one word for blue, but two: one for darker blue and one for lighter blue. No experiment has demonstrated that differences in language affect our minds so profoundly as to result in significantly different world views. It is culture — i.e., reality — that does that, not the specifics of how narrowly or broadly a word happens to apply.
Persons: , Sapir, Whorf, Benjamin Lee Whorf
The goal: Determine entry points for investors who don't currently have a position. If you already own shares, consider your cost basis and last buy for entry points. Microsoft Three potential entry points: $380, $365 and $342. Alphabet Three potential entry points: $140, $130 and $120. It doesn't mean we will necessarily upgrade all a stock if it reaches one of the entry points discussed above.
Persons: Apple, that's, MSFT, It's, we're, Jim Cramer's, Jim Cramer, Jim, Jensen Huang, Cheng Organizations: Apple, Amazon, Microsoft, Nvidia, Semiconductor, Vision, Jim Cramer's Charitable, CNBC, Nvidia Corp, Bloomberg, Getty Locations: Thursday's, Taipei, Taiwan
Dollar treads water ahead of U.S. GDP; ECB meeting in spotlight
  + stars: | 2024-01-25 | by ( ) www.cnbc.com   time to read: +4 min
Traders have been consolidating positions ahead of the Federal Reserve's policy meeting next week. The report is, however, likely to show that the U.S. avoided a recession in 2023 and is expected to show moderating inflation in the last quarter, stoking expectations of rate cuts sometime in the first half of 2024. Other U.S. data this week includes the Fed's favourite gauge of inflation - the personal consumption expenditure (PCE) data - on Friday. The move from the central bank comes after a Bloomberg report earlier this week of a rescue package worth $278 billion to help stabilise the battered stock markets. The Australian dollar and the New Zealand dollar struggled to sustain a China-inspired rally earlier this week.
Persons: Kieran Williams, Jerome Powell, Kazuo Ueda Organizations: Central Bank, Traders, U.S, Asia FX, InTouch, ECB, Wednesday, Bloomberg, Australian, New Zealand, Aussie, Bank of, Bank of Japan Locations: Asia, U.S, China
Elon Musk has been bigging up Tesla as a robotics powerhouse, highlighting its humanoid bot, Optimus, as a gleaming example of its sophisticated technology. It's possible, however, that Musk is being a tad over-optimistic in his humanoid robot ambitions, particularly regarding its delivery timeline. In true Musk fashion, he made some grand claims about Optimus in the investors' call. It's the most sophisticated humanoid robot that's been developed anywhere in the world." He said, "It should be impossible for any centralized control to upload malware to a humanoid robot."
Persons: Elon Musk, Tesla, there's, Optimus, Walter Isaacson, Musk, Tesla's, Brett Adcock Organizations: Service, Business, SpaceX, Optimus, German, BMW, Robotics, Amazon, Tesla Locations: Mars
Procter & Gamble shares jumped more than 4% on Tuesday following better-than-expected quarterly earnings that were released before the opening bell. PG 1Y mountain Procter & Gamble 1 year Given the consumer products giant's strong profitability and cash flow, we're reiterating our $168-per-share price target. Organic sales grew 4% in the quarter. Skip down to the Organic Sales growth, the only line time that beat was Grooming. Boxes of Crest toothpaste owned by the Procter & Gamble company are seen on a store shelf on October 20, 2020 in Miami, Florida.
Persons: Gamble, That's, Skip, Jim Cramer's, Jim Cramer, Jim, Joe Raedle Organizations: Procter, Gamble, Gillette, Citi, Management, Care, SK, CNBC, Procter & Gamble, Getty Locations: Greater China, Eastern Europe, Africa, North America, China, Miami , Florida
Opinion | Take That, America
  + stars: | 2024-01-17 | by ( Gail Collins | ) www.nytimes.com   time to read: +1 min
And hey, probably about a tenth of the population that visited the Butter Cow at last year’s Iowa State Fair. Certainly can’t blame them for choosing to stay home during weather that would have discouraged Nanook of the North. Everybody knew Trump was going to win. Nikki Haley won there, giving her at least a little bounce for the next stop, in New Hampshire, which has a relatively high percentage of college graduates. She’s already taken on the front-runner by announcing that she won’t go to any debates there unless Trump agrees to participate, too.
Persons: Trump, Nikki Haley, Ron DeSantis, Haley, I’m, DeSantis, it’ll Organizations: Fair, University of Iowa, Trump Locations: Iowa, New Hampshire
The analyst lowered her price target to $99 from $106 per share. The new price target implies just a 5% gain from Thursday's close. The analyst's $115 price target, hiked from $70 previously, implies 43% upside from where the stock closed Thursday, at $80.36. ET: Morgan Stanley downgrades Alibaba Morgan Stanley cut Alibaba to equal-weight from overweight and lowered the firm's price target to $90 from $110. The analyst's $190 price target implies shares can rise just 2.6% from where they closed Thursday.
Persons: JPMorgan downgrades, Jessica Fye, Fye, Sarah Min, Wells Fargo, Andrew Nowinski, GenAI, Nowinski, FactSet, — Sarah Min, Morgan Stanley downgrades Alibaba Morgan Stanley, Alibaba, Morgan Stanley, PDD, John Melloy, Jason Bazinet, Bazinet, Johnson, Danielle Antalffy, Antalffy, Robert Ohmes, — John Melloy Organizations: CNBC, Spotify, JPMorgan, Investors, U.S, PDD Holdings, Citi, UBS, Johnson, Pharma, Bank of America, of America, Costco Locations: BioNTech, Thursday's, Wells Fargo, China, Darzalex, DARZALEX
Here are the biggest calls on Wall Street on Friday: Stifel initiates Boeing at buy Stifel said it sees a "favorable" setup for Boeing shares. Citi downgrades Spotify to neutral from buy Citi said in its downgrade of Spotify that the risk/reward is less compelling. Jefferies initiates Arcos Dorados as a buy Jefferies said the Latin American McDonald's franchisee is a "consistent compounder." Jefferies initiates CSG Systems as buy Jefferies said in its initiation of the software-as-a-service company that it sees burgeoning growth. Jefferies initiates Amdocs as buy Jefferies said it sees opportunity for the Israel-based software and systems integration supplier. "
Persons: Stifel, TD Cowen, Morgan Stanley downgrades Alibaba, Morgan Stanley, it's, Alibaba, Tesla, Cantor Fitzgerald, Cantor, Jefferies, Piper Sandler, TXRH, Wells, Wells Fargo, Emerson, Oppenheimer, Goldman Sachs, Bonnie Herzog's, MarketWise, Redburn, Johnson Organizations: Boeing, Delta, Air Lines, Citi, Spotify, RBC, Western Alliance, Novo Nordisk, Arcos, American, Crescent Energy, Fortrea Holdings, ISI, Aspen Technology, Emerson, JPMorgan, Constellation Brands, Constellation, UBS, Bank of America, Norfolk Southern, of America, Norfolk, CSG Systems, Communication Service, Financial Services, Technology, Healthcare, Westinghouse, Johnson, Innovative Medicine, Pharmaceutical Locations: Europe, China, Arcos, 4Q24, reaccelerate, Aspen, Norfolk, Israel
Dad fashion is trending again. AdvertisementSo why did those evolve into dad fashion? All of that might explain why dad fashion is once again dominant. Dad fashion seems to show up when consumers are feeling wary — not the worst they've felt, but certainly not the best. These so-called "core cultures" arose on platforms like Tumblr, Reddit, Instagram, and TikTok, in which young fashion consumers are eager to chop up fashion trends into subcultures and become devotees.
Persons: It's, , You've, Kramer, Bean, Thomaï, Seinfeld, Serdari, that's, Long, you'd Organizations: Service, GQ, New York University, New York Times, Siena College, Biden Locations: TikTok
China's imports are being driven by increased arrivals from Indonesia, the world's largest exporter of thermal coal, with Kpler estimating 18.03 million metric tons will arrive this month. This is up from imports from Indonesia of 16.70 million metric tons in October, according to Kpler data. Imports from Indonesia are expected to decline to 10.92 million metric tons in November from 12.19 million in October. Thermal coal arrivals from Australia are forecast to be 1.11 million metric tons in November, up slightly from the 1.02 million in October. Overall, its possible that China's increased appetite for imported thermal coal ahead of the northern winter is crowding out some demand in India, which tends to be a more price-sensitive buyer.
Persons: Stephen Coates Organizations: Argus, CHINA, Atlantic, Indonesian, Reuters, Thomson Locations: LAUNCESTON, Australia, Indonesia, China, India, Japan, South Korea, Taiwan, Beijing, Canberra, South Africa, Asia, Europe
Another Battle Royale in the Windsor War
  + stars: | 2023-11-26 | by ( Eva Wolchover | ) www.nytimes.com   time to read: +1 min
Here Scobie picks up with the death of Queen Elizabeth II, questioning whether her hapless eldest son and his heirs have what it takes to run the family business. “Tone-deaf, racist and financially reckless” are three charges hurled at the monarchy, “but when Queen Elizabeth II was at the helm she managed to keep much of it at bay,” he writes. Over the course of her umpteen-year reign the queen earned a certain amount of good will for herself and “the Institution,” largely because her silence and inscrutability read as comparatively dignified. Scobie cites falling approval ratings (down to 47 percent after the publication of Prince Harry’s “Spare”) and a smattering of protesters waving “Not My King” signs at Charles’s public engagements. These days, warts-and-all tell-alls seem to be as integral to the Windsor brand as weddings, jubilees and blockbuster funerals.
Persons: Scobie, Queen Elizabeth II, , King Charles, Prince Harry’s “, Charles, Camilla’s Locations: Britain, Windsor
Japanese inflation picks up as BOJ pivot bets grow
  + stars: | 2023-11-23 | by ( Tetsushi Kajimoto | ) www.reuters.com   time to read: +2 min
Core inflation had slowed to 2.8% in September from 3.1% in August, the first time it was below 3% since August 2022. Many analysts see the yield control policy as becoming obsolete as the central bank has made the 10-year yield target more and more flexible, sending the JGB yield closer to 1%. However, the BOJ has brushed aside such speculation, saying that the current global cost-push inflation is not sustainable. The latest consumer inflation data is among indicators the BOJ will eye at its two-day policy meeting ending on Dec. 19, its last scheduled review this year. Japanese firms, too, are closely watching inflation data as the government is pressing them to raise wages to help employees deal with the higher cost of living.
Persons: Androniki, mths BOJ, Tetsushi Kajimoto, Takahiko Wada, Sam Holmes Organizations: REUTERS, Bank of Japan, Thomson Locations: Tokyo, Japan, TOKYO
With markets shut in Japan and the United States for the Thanksgiving holiday, currencies barely moved and cash U.S. Treasuries weren't traded in Asia. By 0530 GMT, however, the euro was 0.15% higher at $1.0902 and the dollar index was a tad weaker at 103.71. Adding to investors' confusion, data showed orders for long-lasting U.S. manufactured goods fell more than expected in October, signalling an economy cooling considerably after hot third-quarter growth. The dollar's rebound comes after a three-week long spell of weakness driven by evidence of a slowing economy and disinflation, leading markets to price out any additional Fed rate hikes. The forward-looking flash November purchasing manager indexes (PMIs) are also due out globally on Thursday and should help investors assess recession risks and how quickly rate cuts will begin.
Persons: Marcos Brindicci, Treasuries weren't, Jeff Ng, Treasuries, policymaker Mario Centeno, Joachim Nagel, Sterling, Jeremy Hunt, Changpeng Zhao, Vidya Ranganathan, Lincoln Organizations: REUTERS, Rights, U.S, Federal, University of Michigan, Sumitomo Mitsui Banking Corporation, Fed, Bank of Japan, European Central Bank, Governing, PMI, Thomson Locations: Buenos Aires, Argentina, Rights SINGAPORE, Japan, United States, Asia, Britain, U.S
VIEW Turkey central bank ramps up interest rates to 40%
  + stars: | 2023-11-23 | by ( ) www.reuters.com   time to read: +2 min
A logo of Turkey's Central Bank is pictured at the entrance of its headquarters in Ankara, Turkey October 15, 2021. Below reaction from analysts to the decision:LIAM PEACH, CAPITAL ECONOMICS, LONDON"(Turkey's central bank) suggested that it is very close to the end of the tightening cycle. For the central bank to have any chance of achieving single digit inflation this decade, rates will need to stay at this level for some time." BARTOSZ SAWICKI, CONOTOXIA FINTECH, WARSAW"In October the annual inflation rate inched lower and external price dynamics have turned a tad more favourable. The risk of a sharp slowdown in activity points to less aggressive continuation of the tightening cycle.
Persons: Cagla, LIAM PEACH, CONOTOXIA, Karin Strohecker, Ezgi, Susan Fenton Organizations: Turkey's Central, REUTERS, Thomson Locations: Ankara, Turkey, CONOTOXIA FINTECH, WARSAW
In this article AAPLAMZNTSLABXWMTBABA.FKRX300 Follow your favorite stocks CREATE FREE ACCOUNTTraders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 16, 2023. Brendan Mcdermid | ReutersThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. To that end, Mester doesn't see rate cuts on the horizon. Perhaps investors shouldn't be so sure about impending rate cuts too.
Persons: Brendan Mcdermid, Doug McMillon, Jonathan Krinsky, Krinsky, Loretta Mester, isn't, Mester, Lisa Cook Organizations: BABA, New York Stock Exchange, Reuters, CNBC, Walmart, Nasdaq, Dow Jones, Federal Reserve, Cleveland Federal Locations: New York City, U.S, San Francisco
In this article 7201.T-JPVOW3-DEMETAGOOGL.FKRX300BABABABAWMTAMZN Follow your favorite stocks CREATE FREE ACCOUNTTraders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 16, 2023. Brendan Mcdermid | ReutersThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. To that end, Mester doesn't see rate cuts on the horizon. Perhaps investors shouldn't be so sure about impending rate cuts too.
Persons: VOW3, FKRX300 BABA BABA, Brendan Mcdermid, Doug McMillon, Jonathan Krinsky, Krinsky, Loretta Mester, isn't, Mester, Lisa Cook Organizations: New York Stock Exchange, Reuters, CNBC, Walmart, Nasdaq, Dow Jones, Federal Reserve, Cleveland Federal Locations: New York City, U.S, San Francisco
New York CNN —The Federal Reserve likely won’t raise interest rates again during its current tightening cycle, thanks to a cooldown in inflation. Interest rates are at a 22-year high after the Fed last March began its punishing pace of hikes in a bid to tame wayward inflation. Traders are now virtually certain that the Fed will hold rates steady at its December policy meeting and won’t hike again this cycle, according to the CME FedWatch Tool. Of course, one month’s data doth not a trend make. Traders are anticipating rate cuts won’t start before next March, and see May as more likely, according to the CME FedWatch Tool.
Persons: , Jeffrey Roach, Price, Sharp, Jerome Powell, Yung, Yu Ma, Joseph Brusuelas, Sephora, Parija Kavilanz, Read, Rishi Sunak, Hanna Ziady, , ” Sunak, ” Read Organizations: CNN Business, Bell, New York CNN, Federal Reserve, Fed, Dow Jones, Nasdaq, , LPL, Bureau of Labor Statistics, CPI, Research, BMO Wealth Management, Traders, Investors, RSM US, CNN, National Statistics Locations: New York
Valerie Plesch| Bloomberg | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Wholesale prices in October, as measured by the producer price index, fell 0.5% for the month against the expected 0.1% increase. And that, to put it mildly, "may be at least a tad optimistic," Cox wrote. Expectations of a rate cut forced down Treasury yields Tuesday (though they rose again yesterday).
Persons: Valerie Plesch, Jeff Cox, Cox, Quincy Krosby, Henry Allen, Organizations: Eccles Federal, Bloomberg, Getty, CNBC, Major, Nasdaq, Dow Jones Industrial, Federal Reserve, Investors, Treasury, LPL, Deutsche Bank, Fed Locations: Washington , DC, Major U.S
Valerie Plesch | Bloomberg | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Wholesale prices in October, as measured by the producer price index, fell 0.5% for the month against the expected 0.1% increase. And that, to put it mildly, "may be at least a tad optimistic," Cox wrote. Expectations of a rate cut forced down Treasury yields Tuesday (though they rose again yesterday).
Persons: Valerie Plesch, Jeff Cox, Cox, Quincy Krosby, Henry Allen, Organizations: Eccles Federal, Bloomberg, Getty, CNBC, Major, Nasdaq, Dow Jones Industrial, Federal Reserve, Investors, Treasury, LPL, Deutsche Bank, Fed Locations: Washington , DC, Major U.S
While Fed officials haven't indicated how many months in a row it will take of easing inflation data to reach that conclusion, 12-month core CPI has fallen each month since April. The Fed prefers core inflation measures as a better gauge of long-run inflation trends. Traders appear to have more certainty than Fed officials at this point. If correct, that would take the benchmark rate down to a target range of 4.25%-4.5% and would be twice as aggressive as the pace Fed officials penciled in back in September. But pricing of Fed actions can be volatile, and there are two more inflation reports ahead before that meeting.
Persons: Spencer Platt, Lou Crandall, Wrightson ICAP, We're, Crandall, Jerome Powell, haven't, They're, Eric Rosengren Organizations: New York Stock Exchange, Getty, Federal Reserve, Labor Department, Boston Fed Locations: New York City, Atlanta
North America used to be crawling with giant mammals, from dire wolves to big cats. In North America, "you only get the woolly mammoths up in the north, starting around the Great Lakes," Lindsey said. AdvertisementOnce thought to be the cousins of gray wolves, dire wolves evolved separately over 5 million years ago in North America. AdvertisementThe ancient bison, Bison antiquus, was 25% larger than those living today. A recent study suggested modern bison — Bison biso — evolved from this species.
Persons: , wasn't, Emily Lindsey, Markus Matzel, Lindsey, Mike Kemp, mastodons, Benji Paysnoe, Camelops, Spencer, scotti, Daniel Eskridge, Andrew Milligan, scimitars, Jeffrey Greenberg, priscus, Katherine Frey, it's Organizations: Service, National Park Service, National, South America, AP, Universal, Washington Locations: America, Asia, Australia, South America, Alaska, North America, Africa, Bering, Mexico, Costa Rica, Great, Canadian Yukon, of Panama, North, South, Eurasia, Americas, Spanish, Canada, Florida, Yukon, Gulf, Central, South Asia, China, California
Last year was 1.26 degrees Celsius (2.27 degrees Fahrenheit) warmer and this year is likely to blow past that, according to scientists. Even though the carbon budget looks to run out early in the year 2029, that doesn’t mean the world will instantly hit 1.5 degrees warmer than pre-industrial times. People should not misinterpret running out of the budget for 1.5 degrees as the only time left to stop global warming, the authors said. “If we are able to limit warming to 1.6 degrees or 1.65 degrees or 1.7 degrees, that’s a lot better than 2 degrees. Lamboll said limiting warming to 1.5 degrees is technically possible, but politically is challenging and unlikely.
Persons: that’s, “ It’s, we’re, , Robin Lamboll, Lamboll, Valerie Masson, Christopher Smith, Bill Hare, Glen Peters, Norwegian CICERO, Piers Forster, ” ___ Read, Seth Borenstein Organizations: United Nations, Imperial College of London, University, Leeds, University of Leeds, Twitter, AP Locations: Paris, Delmotte, Dubai, Norwegian
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