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☆ Unity's new CEO pitches 'fundamentally different company' after rough year
▼ + stars: | 2024-10-17 | by ( Kif Leswing | ) www.cnbc.com time to read: +1 min

Five months into his tenure as CEO of Unity Software , Matt Bromberg is overseeing his first big product launch as he tries to push the company past an extended stretch of challenges. On Friday, the video game software company announced the sixth version of its flagship product, Unity Engine, a set of tools developers can use to produce games across a number of devices, including iPhones and Android phones. He previously spent almost six years as COO of mobile game company Zynga, which was acquired by Take-Two Interactive in 2022, and more than four years at Electronic Arts . James Whitehurst, former CEO of Red Hat, was serving as interim CEO until Bromberg joined. The new CEO's first big challenge was unwinding Riccitiello's decision to implement what became known as the "Unity Runtime Fee."

Persons: Matt Bromberg, Bromberg, we're, John Riccitiello, James Whitehurst Organizations: Unity Software, CNBC, Zynga, Electronic Arts, Bromberg's, Red

☆ Tim Cook is having a great week as Apple stock hovers within reach of record high
▼ + stars: | 2024-10-17 | by ( Jordan Hart | ) www.businessinsider.com time to read: +5 min

Analysts are optimistic about Apple's iPhone 16 sales going into the holiday season. Apple shares hit a record intraday high earlier this week. AdvertisementFall is shaping up to be good for Tim Cook as Apple rounds the corner into the holiday quarter. Analysts expect the rollout of Apple's AI features to drive iPhone demand into the holiday season. Apple Intelligence is expected to officially launch by the end of the month, and new Macs are reportedly on the way.

Persons: —, Tim Cook, Nabila Popal, Morgan Stanley, Bernstein, Cook, Jacob Bourne, Bourne, Erik Woodring, William Kerwin, Kerwin, TSMC Organizations: IDC, Apple, Service, Apple Intelligence, Wall Street, ISI, Forbes, Business, Morningstar Locations: China, Xiaomi, Indonesia

☆ Don't get blinded by the Fed rate cut trade and the signs of life in small cap stocks
▼ + stars: | 2024-10-17 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

With the Federal Reserve now cutting interest rates, investors are looking for stocks that can be super-charged by lower borrowing costs. Small and medium-sized companies tend to be the most closely affected by the direction of the economy and rates. Outflows were seen solely in large caps; small and mid-caps saw inflows." If money does keep flowing into small caps, will it come at the expense of large caps? .SPX mountain 2022-10-01 S & P 500 since Oct. 1, 2022 That said, if the move into the smaller caps stocks continues, we may start to see more competition for capital.

Persons: Russell, that's, it's, Stanley Black, Decker, Jim Cramer, Jensen Huang, Morgan Stanley's, We're, Canaccord Genuity, pare, Jim Cramer's, Jim, Michael Nagle Organizations: Federal Reserve, BMO Capital Markets, Bank of America, Nvidia, CNBC, Blackwell, Taiwan Semiconductor Manufacturing Company, Devices, Broadcom, Apple Intelligence, Apple, Microsoft, Presidential, Jim Cramer's Charitable, New York Stock Exchange, Bloomberg, Getty Locations: U.S

☆ America's chipmaking push will continue no matter who gets elected
▼ + stars: | 2024-10-17 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +9 min

US efforts to produce semiconductor chips will continue regardless of who wins the election. AdvertisementNo matter who wins the presidential election this November, President Joe Biden can rest easy knowing one thing: The US's chip manufacturing push isn't going anywhere. The US has seen its share of overall chip production fall from 37% of the world's supply in 1990 to 12%. While many factories remain under construction, the federal funding has already helped boost US chip production. According to a report published last year by the trade and lobbying group Semiconductor Industry Association and Oxford Economics, the US semiconductor industry will face a shortage of 67,000 workers by 2030, including technicians, computer scientists, and engineers.

Persons: Harris, Trump, —, Joe Biden, Biden, Kamala Harris, Donald Trump, Stephen Ezell, Anna Kelly, Kelly, Arizonans, Chris Miller, Mark Muro, Dylan Patel, SemiAnalysis, Ezell, Muro Organizations: Service, Trump, Information Technology, Innovation Foundation, ITIF's Center for Life Sciences, Biden, Republican, Intel, American Enterprise Institute, Brookings Metro, Apple, Nvidia, Democratic, Semiconductor Industry Association, Oxford Economics Locations: Arizona, USA, China, Taiwan

☆ Apple's Made-in-the-USA chips signal a turnaround for the US' big semiconductor bet
▼ + stars: | 2024-10-16 | by ( Jacob Zinkula | Alistair Barr | ) www.businessinsider.com time to read: +7 min

AdvertisementThe US's efforts to produce more semiconductor chips have encountered some challenges over the past few years, but the tide may be turning. In 2022, President Joe Biden signed the CHIPS Act into law, which included $39 billion in manufacturing incentives for chip production in the US. Last year, TSMC announced that the official opening of its first Arizona fab would be pushed back from 2024 to 2025. TSMC's production of Apple chips is good news for Americans hoping to land jobs in the industry, Patel said. He said he thinks TSMC's production of Apple chips would bode well for the future.

Persons: TSMC, Biden, It's, —, Tim Culpan, Culpan, Tim Cook, Dylan Patel, SemiAnalysis, Mark Muro, Apple, Harris, Joe Biden, Arizona hasn't, it's, Morris Chang, Patel, Muro, bode Organizations: Apple, Service, Brookings Institution, Biden, Management, Workers, Brookings Institute, Semiconductor Industry Association Locations: Arizona, Taiwan, Phoenix

☆ Cheap, Secondhand Androids Are Now Cooler Than Brand-New Apple iPhones
▼ + stars: | 2024-10-16 | by ( Amanda Hoover | ) www.businessinsider.com time to read: +9 min

People are more aware of refurbished phones, thanks to ad campaigns and word of mouth. For $249 or 299 euros, customers could buy a refurbished iPhone or Android without knowing the model they'd get. AdvertisementPerhaps the biggest thing blocking people from buying more secondhand phones is the manufacturers themselves. Amy Marty Conrad, a 34-year-old who lives in the Washington, DC, area says she and her husband have each bought refurbished phones. But perhaps the biggest thing blocking people from buying more secondhand phones is the manufacturers themselves.

Persons: Steve Jobs, Ming, Chi Kuo, Apple, Glen, Thibaud Hug, Hug, Larauze, Hug de Larauze, He's, ChatGPT, Amy Marty Conrad, She's, it's, Tim Cook Organizations: Apple, Research, International Data Corporation, Vodafone, Recommerce, Zion Market Research, eBay, Samsung Galaxy, European Union, Apple Intelligence, Back Locations: Europe, France, England, Washington, DC, Oregon, European

☆ Evercore analyst says buy Apple on ability to beat low bar. We see no rush
▼ + stars: | 2024-10-14 | by ( Morgan Chittum | ) www.cnbc.com time to read: +4 min

Apple stock jumped Monday after a Wall Street firm touted the iPhone maker ahead of its quarterly earnings report. Analysts said Apple's stock may be able to advance higher on a late October earnings report that merely matches Wall Street estimates, so investors should be positioned accordingly. However, we do agree with Evercore's optimism on AI iPhone integration, and its ability to usher in an upgrade cycle for Apple's flagship device. But with our "own it, don't trade it" view still intact on Apple stock, it's acceptable for the upgrade cycle to get off to a slower start. "I'm for the elongated [upgrade] cycle," Jim Cramer said on Monday.

Persons: Apple, Apple's, Jim Cramer, Jim Cramer's, Jim, Tim Cook, Victor J Organizations: Apple, Street, Bears, Huawei, Apple Intelligence, CNBC, Apple Inc, Blue, Bloomberg, Getty Locations: China, New York

☆ Taiwan says four iPhone maker staff detained in China under 'strange' circumstances
▼ + stars: | 2024-10-11 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +1 min

TAIPEI — Four employees of Taiwan's Foxconn, the world’s largest iPhone assembler, have been detained in China under "quite strange" circumstances, Taiwan’s government said. "The circumstances of this case are quite strange," it said. The Mainland Affairs Council said Foxconn had stated the company had "suffered no losses and that the four employees had done nothing to harm the company’s interests." Calls to China's Taiwan Affairs Office seeking comment outside of office hours went unanswered. China claims democratically governed Taiwan as its own territory, over the strong objections of the government in Taipei.

Persons: Taiwan's Foxconn, Taiwan’s, Foxconn Organizations: TAIPEI —, Mainland Affairs Council, Reuters, Mainland Affairs, Taiwan Affairs Office Locations: TAIPEI, China, China's Zhengzhou, Taiwan, Beijing, Taipei

☆ Taiwan says four Foxconn employees detained in China
▼ + stars: | 2024-10-10 | by ( ) edition.cnn.com time to read: +1 min

Taipei, Taiwan Reuters —Four employees of Taiwan’s Foxconn, the world’s largest iPhone assembler, have been detained in China under “quite strange” circumstances, Taiwan’s government said. The council said Foxconn had stated the company had “suffered no losses and that the four employees had done nothing to harm the company’s interests.”“This has seriously damaged the confidence of companies. Calls to China’s Taiwan Affairs Office seeking comment outside of office hours went unanswered. In June, Taiwan’s government raised its travel warning for China, telling its citizens not to go unless absolutely necessary, following a threat from Beijing to execute those deemed “diehard” Taiwan independence supporters. China claims democratically governed Taiwan as its own territory, over the strong objections of the government in Taipei.

Persons: Taiwan’s Foxconn, Taiwan’s, ”, Foxconn, “ Organizations: Taiwan Reuters —, Mainland Affairs Council, Reuters, Taiwan Affairs Office Locations: Taipei, Taiwan, China, China’s Zhengzhou, Henan, Beijing

☆ Why some Florida residents aren’t evacuating ahead of Hurricane Milton
▼ + stars: | 2024-10-09 | by ( Paul P. Murphy | Michelle Krupa | ) edition.cnn.com time to read: +11 min

Traffic flows east Tuesday along Interstate 4 as residents continue to follow evacuation orders ahead of Hurricane Milton. A motorist drives past broken utility poles downed by strong wind gusts as Hurricane Milton approaches Fort Myers, Florida, on Wednesday, October 9. Chris O'Meara/AP David Jalving throws outdoor furniture into his father's pool in Fort Myers to prepare for Hurricane Milton. Julio Cortez/AP A man clears debris left by Hurricane Helene from his home in Treasure Island, Florida, on Monday. Marta Lavandier/AP A man in Progreso boards up an apartment building to protect it from Hurricane Milton on Monday.

Persons: Vivienne Marran, ”, Hurricane Milton, Marran, Helene, they’ve, we’ve, “ I’ve, ” Marran, Helene –, “, Holly Speckhart, Julio Cortez, ‘, Jane Castor, you’re, ” Speckhart, Ian – Bridgit, Budd, Milton, Fort, Ricardo Arduengo, Connor Ferran, Fort Myers, Joe Raedle, Paul Hennessy, Saul Martinez, Stephen Lundgren, Doug Engle, Payton Wyse, Andrew Goncharsky, Lee, Nicolette Mariano, Kaila Jones, Yamil Lage, Damon Higgins, Ted Carlson, McKenzie, Evan Purcell, Purcell's, Anna Maria Island, Carlson, Rebecca Blackwell, Hurricane Helene, Bryan R, Smith, Matthew Dominick, NASA Aurelio Ortiz, Lorenzo Hernandez, Mike Carlson, Jose Luis Gonzalez, Reuters John Fedor, Chris O'Meara, David Jalving, Marta Lavandier, Pete, Octavio Jones, Tristan Wheelock, Gerald, Martin Zetina, Gregg Newton, ” Anna Maria Island, William Tokajer, ” Tokajer, “ We’ve, we’ll, “ we’ve, I’ve, We’ve, who’d, –, “ you’ve, ” CNN’s Mary Gilbert, Rebekah Riess, Andy Rose, John Berman Organizations: Sol , Florida CNN, CNN, Hurricane, Tampa Bay, ” Tampa Fire Rescue’s, Milton, Tampa Bay Rays, Tampa Mayor, Orlando International Airport, Anadolu, Getty, Disney, Vanguard, School, Ocala, USA, Fort, Palm Beach Daily, Florida Army National Guard, Bradenton, Tampa General Hospital, NASA, International, Reuters, AP, Tampa International Airport, Bloomberg, AP Contractors, New Port Richey, AP Tropicana, Holmes Beach Police, Social, Isla del, Sunshine Skyway Locations: Sol , Florida, St . Petersburg, Gulf, Mexico, Tampa, Milton, ” Tampa, Hurricane, Ohio, Cincinnati, Sanibel, Fort Myers , Florida, Orlando, Ocala , Florida, Lee County, Fort Myers, Sebastian , Florida, Havana, Cuba, AFP, Palm Beach, Bradenton Beach, Tampa , Florida, Celestún, Port Richey , Florida, Tampa Bay, Treasure Island , Florida, St, Pete Beach , Florida, Fort Myers Beach, Progreso, New Port, St . Petersburg , Florida, Kissimmee , Florida, Florida, Isla, Isla del Sol, Holmes Beach

☆ How to send satellite texts on newer iPhones if your cell service is knocked out during Hurricane Milton
▼ + stars: | 2024-10-09 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Hurricane Milton may disrupt power and cell service in Florida. iPhone 14 and later models with iOS 18 offer satellite messaging when cell service is unavailable. Here's how to make sure your iPhone is set up to send satellite messages if Hurricane Milton topples the connectivity in your area. You can also send satellite messages via SMS to mobile numbers that aren't iPhones, but you have to message them first before their messages reach you, according to Apple's website. Still, satellite messaging can allow families to connect and let each other know they're safe during Hurricane Milton.

Persons: Hurricane Helene, —, Milton, Matt Van Swol, Hurricane Milton Organizations: Service, iOS, Apple Locations: Florida, Hurricane, Asheville NC, Asheville , North Carolina

☆ How to Say No to Our A.I. Overlords
▼ + stars: | 2024-10-09 | by ( Brian X. Chen | More About Brian X. Chen | ) www.nytimes.com time to read: +1 min

Big tech brands like Google, Apple, Microsoft and Meta have all unleashed tech that they describe as artificial intelligence. Soon, the companies say, we’ll all be using A.I. The companies rely on user activity to train and improve their A.I. systems, so they are testing this tech inside products we use every day. And whenever you use the search tool inside Instagram, you may now be interacting with Meta’s chatbot, Meta AI.

Persons: A.I, Meta’s chatbot Organizations: Google, Apple, Microsoft, Meta, Apple Intelligence

☆ Here's what teenagers think about the iPhone 16 and new personal computers
▼ + stars: | 2024-10-09 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. The latest iteration of Piper Sandler's teen survey found somewhat lukewarm interest in Apple 's new iPhone 16. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. 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, that's, Piper, Jim Cramer's, Jim Organizations: CNBC, Nasdaq, Dow Jones, Department of Justice, Google, Apple, Apple Intelligence, Analysts, Depot

☆ 19+ best Apple deals on iPhones, laptops and more you can get this October Prime Day 2024
▼ + stars: | 2024-10-08 | by ( Bethany Heitman | Bethany Heitman Is A Contributing Editor At Nbc Select. | ) www.nbcnews.com time to read: +6 min

I spent weeks combing through thousands of discounts to find the best October Prime Day Apple deals. SKIP AHEAD Best Prime Day Apple deals | More Prime Day Apple sales | Best Apple sales at other retailers | How I picked the best Apple deals | Why trust NBC Select? Best Prime Day Apple salesHere are the best Prime Day Apple sales to know about. I’m a writer for NBC Select who has covered deals and sales for Amazon Prime Day, Black Friday, Cyber Monday and more. To round up the best Prime Day sales on Apple products, I found highly rated products at their lowest price ever or their lowest price in three months.

Persons: Apple, I’ll, TikTok Organizations: Apple, NBC, Big Deal, Bluetooth Bluetooth, Amazon, Microsoft, Walmart, Apple Watch Walmart, Amazon Prime, Facebook, Twitter

View at Amazon What we like Check mark icon A check mark. Outdated Pixel designSamsung Galaxy S24 $599.99 $799.99 Save 25% The Galaxy S24 runs on the most powerful processor for Android phones in 2024. View at Amazon What we like Check mark icon A check mark. Includes unwanted bloatwareSamsung Galaxy S24 Ultra $997.48 $1,299.99 Save 23% The Galaxy S24 Ultra is Samsung's top-end phone in 2024, set apart from its Galaxy S24 siblings and most of the premium phone competition with its four cameras, giant 6.8-inch display, stunning battery life, and included S Pen stylus. View at Amazon What we like Check mark icon A check mark.

Persons: we've Organizations: Business, Prime, Deal, Samsung, Galaxy, overexposure Samsung, Amazon Samsung, AI, Amazon

☆ Real AI smartphones are still a few years away, say Jefferies analysts
▼ + stars: | 2024-10-08 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

The iPhone 16 lacks new features and a new AI smartphone is years away, wrote analysts on Sunday. Much of the optimism surrounding Apple this year came from its June announcement of Apple Intelligence, the company's take on artificial intelligence. In Sunday's note, Lee forecasted "flattish volume growth" in the second half of 2024 for iPhone 16 compared to the iPhone 15, and only 2.5% growth in lifecycle volume for the iPhone 16. AdvertisementTo be sure, not all analysts think the delay in introducing Apple Intelligence will hurt the company. He said that he gives little credence to third-party reports of iPhone 16 sales.

Persons: Jefferies, —, Edison Lee, Siri, Lee, Gil Luria, Davidson Organizations: Service, Apple Intelligence, Bloomberg, D.A, Apple

☆ Foxconn beats estimates with record third-quarter revenue on AI demand
▼ + stars: | 2024-10-06 | by ( ) www.cnbc.com time to read: +2 min

Taiwan's Foxconn , the world's largest contract electronics maker, beat expectations to post its highest-ever revenue for the third quarter on strong demand for artificial intelligence servers. Revenue for Apple's biggest iPhone assembler jumped 20.2% year on year to 1.85 trillion Taiwanese dollars ($57.3 billion). "The result exceeded the company's original expectations of significant growth," Foxconn said in a statement on Saturday. Strong AI server demand led to robust revenue growth for its cloud and networking products division, said Foxconn whose customers include AI chip firm Nvidia NVDA.O. It has scheduled its annual Tech Day on Oct. 8-9, an event where Foxconn normally announces new products or partnerships.

Persons: Taiwan's Foxconn, Foxconn Organizations: Apple's, Nvidia, Apple, Tech Locations: Taiwan

☆ As Apple enters AI race, iPhone maker turns to its army of developers for an edge
▼ + stars: | 2024-10-04 | by ( Kif Leswing | ) www.nbcnews.com time to read: +7 min

As Apple prepares Apple Intelligence to jump into Silicon Valley’s AI race, it’s relying on one of its strongest advantages: Its army of 34 million app developers. IPhone users will get their first taste of Apple Intelligence, the company’s artificial intelligence system, later this month. The company is relying on Apple Intelligence to be the strongest selling point for the iPhone 16, its latest generation of smartphones. That’s something other company’s AI chatbots cannot currently do, and to accomplish this, Apple is beckoning its army of third-party developers to fine tune their apps to collaborate with Apple Intelligence. Another drawback is that Apple Intelligence features will only be available on the latest iPhones, a small subset of the total iPhone user base.

Persons: Google’s, Siri, Apple, “ Siri, ”, Apple’s Kelsey Peterson, Siri conversationally, Jordan Morgan, Apple’s, Morgan, Michael Tigas, ” Tigas, Siri aren’t, Hey Siri, James, they’ve, Igor Zhadanov Organizations: Apple, Apple Intelligence, Superhuman, CNBC Locations: Siri, Readdle

☆ India to fabricate its first chip in two years as Nvidia, AMD and Micron pledge to expand to the country
▼ + stars: | 2024-10-01 | by ( Seema Mody | ) www.cnbc.com time to read: +3 min

Indian Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles Shri Piyush Goyal is talking to media on EU-India trade relations. India will fabricate its first chip in two years, Commerce Minister Piyush Goyal told CNBC during a one-on-one interview in New York. Nvidia , AMD , Micron are among the U.S. companies that have pledged to expand in the country. Goyal added that Indian behemoth Tata and other domestic companies are working to make India's semiconductor dream a reality. And according to Goyal, Indian customers are increasingly opting for the more expensive iPhones.

Persons: Piyush Goyal, chipmakers, Goyal, behemoth Tata, Narendra Modi, Apple, Warburg Pincus Organizations: of Commerce and Industry, Consumer Affairs, Food, Commerce, CNBC, Nvidia, AMD, Micron, behemoth, Taiwan Semiconductor Manufacturing Company, Samsung, U.S, Apple, BlackRock, KKR, Google, Microsoft Locations: India, New York, Silicon Valley, China, Goyal

☆ This iPhone feature is 'saving lives' during Hurricane Helene aftermath
▼ + stars: | 2024-10-01 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Hurricane Helene victims used iPhones for satellite messaging amid power and cell outages. AdvertisementIn the wake of Hurricane Helene, those left without power or cell service are transforming their iPhones into satellite phones. An X thread by Asheville resident Matt Van Swol demonstrated just how helpful the satellite messaging iPhone feature has been for those without WiFi or cellular service. Van Swol said he's "never been more thankful to be an iPhone user," and more chimed in with their praise of the iOS 18 feature. Related storiesHe wasn't the only one who said the satellite messaging feature was a lifesaver.

Persons: Helene, Apple, —, Hurricane Helene, Matt Van Swol, Van Swol, he's, Mike Monti, Van Swol didn't, weren't, Jeneane Nicodemus Organizations: Asheville, Service, BI, Federal Communications Commission Locations: Hurricane, Asheville NC, Wyze, Asheville, North Carolina

☆ Apple’s iPhone 16 hasn’t gotten a hot start, analysts estimate, but some still counting on ‘super cycle’
▼ + stars: | 2024-09-30 | by ( Clare Duffy | ) edition.cnn.com time to read: +5 min

Apple needed the iPhone 16 to be a big seller after years of sluggish iPhone sales. In particular, demand for the higher priced iPhone 16 Pro devices were down sharply year-over-year compared with the iPhone 15 launch. Analysts say there appears to have been greater demand for the lower priced iPhone 16 and iPhone 16 Plus devices than the Pro and Pro Max, which could affect the average selling price and overall iPhone sales revenue. In the first weekend of presales, Apple sold 9.8 million iPhone 16 Pros and 17.1 million iPhone 16 Pro Max devices, down 27% and 16% year-over-year, respectively, according to Kuo. “It’s all about a monster holiday quarter and the supercycle begins for iPhone 16 in our view,” Ives told CNN in an email.

Persons: New York CNN — Apple, Long, It’s, it’s, Chi Kuo, Dan Ives, Angelo Zino, Pro Max, Kuo, Zino, ” Zino, ” Kuo, Lex Chiew, CFRA’s Zino, Mike Sievert, “, ” Ives Organizations: New, New York CNN, Apple, TF International Securities, Research, Pro, Apple Intelligence, iOS, Mobile, CNBC, CNN Locations: New York, China, ”, presales

☆ These 3 ugly duckling stocks will become beautiful swans as the Fed cuts rates
▼ + stars: | 2024-09-29 | by ( Jim Cramer | ) www.cnbc.com time to read: +14 min

Some of it had to do with the old joke being that Best Buy was nothing but an Amazon showroom. CEO Corie Barry is a no-nonsense heavyweight who mastered the supply chain for Best Buy during the pandemic. As the JPMorgan recent upgrade on Best Buy said, most investors don't realize how awful this period has been for Best Buy. It doesn't hurt, of course that Best Buy has a substantial dividend — 3.68%, down from 4% and 5% when we were buying it. We have watched Eaton and Dover go higher and that was without the rate cycle, just with the data center.

Persons: Stanley Black, Decker, —, couldn't, Corie Barry, Barry, don't, It's, Stanley, Trump, Helene, Hock Tan, Marc Benioff, Mike Sievert, Blackwell, Jim Cramer's, Jim Cramer, Jim, Melissa Repko Organizations: Empire, Circuit, Intel, HP Inc, HP, JPMorgan, Williams, Dick's Sporting Goods, Abercrombie, Fitch, Depot, Procter, Gamble, Linde, Honeywell, Quantum Computing, Tech, Broadcom, VMWare, Elon, Mobile, Nvidia, Jim Cramer's Charitable, CNBC, Microsoft Locations: Sonoma, Covid, China, Lowe's, Eaton, Dover, San Francisco, Secaucus, N.J

☆ Eric Adams to appear in court Friday: Here's a timeline of the chaos leading up to his indictment.
▼ + stars: | 2024-09-26 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +8 min

New York City Mayor Eric Adams was indicted by federal grand jury amid a corruption probe. AdvertisementNew York City Mayor Eric Adams' administration has been embroiled in turmoil for months. July 2024: Adams served grand jury subpoenasFederal prosecutors subpoenaed Adams, his election committee, and City Hall in July. Advertisement"We have not identified any evidence of illegal conduct by the mayor," Adams' attorneys said at the time. September 26, 2024: Adams indictment unsealedThe 57-page indictment against Adams was unsealed on September 26, detailing serious allegations of corruption, bribery and wire fraud.

Persons: Eric Adams, —, Adams, Brianna Suggs, Suggs, Rana Abbasova, Winnie Greco, Greco, Edward Caban, Public Safety Philip Banks III, Sheena Wright, David Banks, Caban, Lisa Zornberg, Zornberg, Thomas Donlon, Ashwin Vasan, Banks, Alexandria Ocasio, Cortez, Damian Williams, Williams Organizations: York City, Service, New York Police Department, Democrat, FBI, Agents, New York Times, Turkish Airlines, Times, City Hall, Associated Press, Public Safety, New York City Schools, New York, NYPD, Democratic New York Rep, New, Southern, of Locations: York, New York City, Brooklyn, manila, Jersey, Manhattan, Turkish, New, Alexandria, of New York

☆ OpenAI CFO tells investors funding round should close by next week despite executive departures
▼ + stars: | 2024-09-26 | by ( Kate Rooney | ) www.cnbc.com time to read: +2 min

OpenAI CFO Sarah Friar is looking to reassure its investors that the richly valued artificial intelligence startup is still in a strong position and is poised to close a big funding round soon, despite losing top talent this week. In an email to OpenAI's investors seen by CNBC, Friar addressed the departure of Chief Technology Officer Mira Murati, who announced her departure on Wednesday. "I wanted to personally reach out following the news of Mira's departure from OpenAI," Friar wrote in the letter, which was viewed by CNBC. Friar said in the email that the funding round was oversubscribed and would close by next week. "Collectively, we remain laser-focused on bringing AI to everyone and building sustainable revenue models that fuel our operations and deliver value to our investors and employees," Friar wrote.

Persons: Sarah Friar, Friar, Mira Murati, Sam Altman, Bob McGrew, Barret Zoph, she's, OpenAI, Altman, Murati Organizations: CNBC, Microsoft, Apple Locations: OpenAI, San Francisco

☆ Meta's new Ray-Ban glasses are pulling a bait and switch
▼ + stars: | 2024-09-26 | by ( Amanda Hoover | ) www.businessinsider.com time to read: +6 min

Now, despite a rocky start three years ago, Meta's smart glasses are doing better than expected. Meta's Ray-Bans have a camera and speaker and are packed with AI. Meta's loftier goal, the Orion glasses , aren't quite there. Yet getting people into the Orion glasses may depend on getting people comfortable with smart glasses generally, and that's where the Ray-Bans could come in. And the Meta Ray-Bans make it even easier to use AI as you move through the world — no hands (and awkward air-pinching ) required.

Persons: Mark Zuckerberg, Ray, Zuckerberg, Meta's Ray, Meta's, They're, they're, George Jijiashvili, Peter Kafka, it's, Bob Dylan, Lady Gaga, Amanda Hoover Organizations: Orion, International Data Corporation, Apple, Microsoft, Google, IDC, Research, VR, Business

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