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☆ Tesla rival Lucid's stock slides 10% after it says it'll make fewer electric cars than expected this year
▼ + stars: | 2023-02-23 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Lucid Group shares fell as much as 10% in Thursday's premarket after a disappointing earnings update. The EV maker missed on revenue and said it will make fewer cars this year than Wall Street expected. Demand for its luxury electric cars has taken a hit as rival Tesla's grows thanks to aggressive price cuts. The EV maker reported a loss of 28 cents per share, narrower than the loss of 40 cents a share forecast. Read more: Tesla's stock is getting trounced by EV challenger Lucid, which is leading techs' 2023 rally thanks to Saudi takeover rumors

☆ Europe considers a digital currency as it strives to counter U.S. and China's tech dominance
▼ + stars: | 2023-02-16 | by ( Silvia Amaro | ) www.cnbc.com time to read: +1 min

The European Central Bank is working on a digital currency as the region seeks to protect itself from tensions with China and the United States. The central bank started investigating the feasibility of a digital euro back in October 2021. Right now, Europe lacks digital platforms," Guido Zimmermann, senior economist at German bank LBBW, told CNBC Wednesday. "Already now more than two thirds of European card payment transactions are run by companies with headquarters outside the European Union," she added. Mastercard , Visa , PayPal, Alipay and UnionPay make up the top global companies for payments.

☆ Investors need to embrace these stocks that we love
▼ + stars: | 2023-02-12 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +8 min

I’ve typically done this stock picking feature in early to mid February as a Stocks We Love type of story, pegging it to Valentine’s Day. The restaurant stocks in particular could do well. Inflation is obviously still a concern for big consumer brands. Consumer prices rose 6.5% over the past 12 months through December, down from a 7.1% pace in November. Up nextMonday: Earnings from TreeHouse Foods (THS), Avis Budget (CAR), FirstEnergy (FE), IAC (IAC) and PalantirTuesday: US CPI; Japan GDP; UK employment report; earnings from Coca-Cola, Asahi Group, Marriott (MAR).

☆ Re-think needed to regulate Big Tech in finance, says BIS' Carstens
▼ + stars: | 2023-02-08 | by ( ) www.reuters.com time to read: 1 min

LONDON, Feb 8 (Reuters) - A "re-think" is needed on how to directly regulate activities of Big Tech companies in financial services given their size and influence, Bank for International Settlements General Manager Agustin Carstens said in Wednesday. "Without a doubt, a regulatory re-think is warranted, and we need a new path to follow. One that considers the key role of data in big techs’ DNA-based business model. One that strikes the right balance between benefits and risks," Carstens said in a speech. Reporting by Huw Jones; editing by Jason NeelyOur Standards: The Thomson Reuters Trust Principles.

☆ Tesla's stock is getting trounced by EV challenger Lucid, which is leading techs' 2023 rally thanks to Saudi takeover rumors
▼ + stars: | 2023-02-08 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Shares in electric-vehicle manufacturer Lucid Motors have jumped 69% in 2023. Speculation of a takeover by Saudi Arabia's sovereign wealth fund has fueled Lucid's recent rally. Lucid is even beating rival EV manufacturer Tesla, which is up just under 60% so far this year at $196.81, despite analysts' fears. Lucid shares have also risen thanks to rumors of a looming takeover by Saudi Arabia's Public Investment Fund, which invests on behalf of the government and already owns over 60% of the carmaker. The stock jumped 43% on January 27 alone, after the deals website Betaville reported the Saudi PIF could be close to finalizing a full takeover.

☆ Jobs report to give clues about where economy is headed
▼ + stars: | 2023-01-29 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +8 min

Investors will get another clue when the January jobs report is released on Friday. Economists predict that 185,000 jobs were added last month, a slowdown from the gain of 223,000 jobs in December and 263,000 in November. A further deceleration in the labor market would likely please the Fed, as it would show that last year’s rate hikes are successfully taking some air out of the economy. Along those lines, average hourly earnings, a measure of wages that is also part of the monthly jobs report, are expected to increase 4.3% year-over year. So far, tech earnings season is not off to an inspiring start, with Microsoft (MSFT), Intel (INTC) and IBM (IBM) all reporting weak results.

☆ Artificial intelligence and machine learning are helping companies provide even better service for customers
▼ + stars: | 2023-01-27 | by ( Sponsor Post | Created Hitachi With Insider Studios | ) www.businessinsider.com time to read: +7 min

By harnessing Hitachi's advanced expertise in artificial intelligence (AI) and machine learning (ML), the partners took their existing model and expanded it into a predictive model they called Proactive Diagnostics. The Guided Repair solution is now being used by more than 9,700 Penske fleet maintenance technicians in more than 880 locations. Using machine learning, the Proactive Diagnostics solution monitors fleet vehicles and tracks anomalies that indicate future potential failures." The Proactive Diagnostics solution provides data archived over days and weeks to give Penske that predictive power so it can act on its knowledge. With its enhanced capacity for analysis, Proactive Diagnostics enables Penske to compare fault codes and search for patterns that signal a potential failure.

☆ Microsoft puts out gloomy guidance on revenue in another sign of pain for techs
▼ + stars: | 2023-01-25 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +3 min

Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox. Microsoft shares initially rose 4.6% after the tech giant released its second-quarter earnings report after the market closed Tuesday, after its cloud computing division Azure posted better-than expected results. It expects between $50.5 billion to $51.5 billion in revenue in the third quarter, compared with expectations for over $52 billion, as growth in its Azure cloud-computing unit falters. Its outlook for revenues in its Azure division was also cut, after growth in the cloud-computing division slowed to 31%. "But overall revenue growth lower than expectations, companies and consumers are clearly belt tightening and Microsoft is cautious about the quarter ahead with sales momentum slowing."

☆ Cramer on the astonishing rise of offensive stocks — and what could come next
▼ + stars: | 2023-01-22 | by ( Jim Cramer | ) www.cnbc.com time to read: +6 min

When I went over about 1,000 stocks this weekend, I was astonished to see that the stocks with the strongest charts were those in the most offensive categories. Not even a weaker U.S. dollar has meant anything to brace these stocks from a further fall. There's one group, though, that's just plain hard to call, and that's tech. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ These are the 3 most promising side hustles of 2023: Delivery jobs 'take way too much of your earnings,' says expert
▼ + stars: | 2023-01-18 | by ( Megan Sauer | ) www.cnbc.com time to read: +5 min

A food delivery man crosses the street in Times Square in Manhattan on March 17, 2020 in New York City. "Now, the big growth really is with professional platforms where people can earn six-figure incomes from home, doing everything from marketing to law." She adds part of the shift could be because platforms like Uber and Lyft "take way too much of your earnings." To start, here are the three most promising side hustles of 2023, according to Kristof:Selling your skills and knowledgeA lot of people are making money selling what they already know, according to Kristof. According to the same poll, 22% of Boomers, who range from age 58 to 76, currently have side hustles.

☆ Cramer sees bullish signs starting to emerge in the stock market, just not in the same places as before
▼ + stars: | 2023-01-16 | by ( Jim Cramer | ) www.cnbc.com time to read: +9 min

Case in point: Mike Wilson, the genius of 2022, the strategist who was the most negative — and, therefore, the most right. Seven days ago, he predicted the bank earnings, the kick-off, would jolt the market by coming in sharply below expectations. 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. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

If the Fed doesn't have to tighten as hard, many stocks are at levels you want to buy." Rival Alzheimer's drug approval good for Lilly, too JM: "Biogen is getting accelerated approval for that new Alzheimer's drug. [ Eli Lilly CEO] David Ricks says ... confidence in the Alzheimer's class is going to be good for them as well. Can't be greedy: We need to sell some EL JM: " Estee Lauder , what should we do about it?" As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ I'm a nurse tech and the 'tripledemic' is pushing me to the brink. We still don't have enough beds because of the surge after holiday gatherings.
▼ + stars: | 2022-12-30 | by ( Ananya Vahal | ) www.businessinsider.com time to read: +7 min

One hospital worker says the COVID-19, flu, and RSV outbreak reminded them of the early pandemic. We no longer have a separate floor for COVID-19 patients because there aren't any extra rooms available. The COVID-19, flu, and RSV patients are put on the same floor as the cancer, tuberculosis, and shingles patients. Flu and RSV patients also share some of the same treatments and equipments as COVID-19 patients. We don't put immunocompromised patients next to flu or RSV patients, but we do put them next to the COVID-19 patients.

“You have to sample them all and analyze them all to see if they belong to victims or a suspect. The Moscow killings occurred in a three-story, six-bedroom rented house, about a half-block from the University of Idaho campus. The apartment house in Moscow, Idaho, where four students were stabbed to death held an enormous amount of biological evidence, experts say. “So, who could have left that DNA evidence? Before getting answers about DNA, investigators seek clues in the location of blood.

☆ Cramer talks about some hot industrial stocks, and how we're playing Wall Street's pivot from tech
▼ + stars: | 2022-12-04 | by ( Jim Cramer | ) www.cnbc.com time to read: +9 min

The Dow Jones Industrial Average has done so much better than the average semiconductor company, or even the above-average enterprise software company that it's insane that we even focus on some of the latter. The 600 companies formed in the last two years rent too much of your brain space even in passing. What enterprise software company can say that? 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.

☆ Jim Cramer says these 6 cyclical ‘smokestack’ stocks may be worth owning
▼ + stars: | 2022-11-14 | by ( Krystal Hur | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Monday offered investors a list of cyclical stocks that have "caught fire" recently, making them potential great additions to portfolios. "Sell the techs into any strength … because they're right in the middle of the Federal Reserve's blast zone. But as for the cyclical smokestack stocks? That means it's possible the central bank doesn't need to raise rates enough for industrial stocks to also get crushed, he said. In addition, there are secular trends that could be pushing these stocks higher.

☆ Investors Question Whether Big Tech’s Rebound Can Last
▼ + stars: | 2022-11-13 | by ( Gunjan Banerji | Akane Otani | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/investors-question-whether-big-techs-rebound-can-last-11668272867

☆ The S&P 500 could plunge another 16% and won't bottom until the Fed starts to cut interest rates, UBS says
▼ + stars: | 2022-11-08 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

The S&P 500 will fall to 3,200 points before it hits a low in Q2 next year, UBS has forecast. US stocks won't recover until the Federal Reserve starts cutting interest rates, the bank said. "The speed of that pivot will drive every asset class next year," UBS strategists said Monday. The S&P 500 would have to fall 15.9% from its Monday close at 3,806 to reach that low level. Expectations of a Fed pivot could lift the S&P 500 to 3,900 points — a 2.4% gain from its close Monday – by the end of 2023, according to UBS.

☆ Cramer: Why tech can't find a bottom as other parts of the market show signs of life
▼ + stars: | 2022-11-06 | by ( Jim Cramer | ) www.cnbc.com time to read: +10 min

The Carvana and Zillow calls aren't resonating because the autos and housing companies have already seen their stocks crushed. At the same time, these once-thriving tech companies that saw an ever-expanding funnel somehow didn't seem to see any of this coming. 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. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

☆ American Express just hired a new top cloud executive who was the CTO at Groupon and led tech at Goldman Sachs' Marcus
▼ + stars: | 2022-11-01 | by ( Bianca Chan | ) www.businessinsider.com time to read: +2 min

American Express just hired Sachin Devand as EVP and unit CIO of digital, data, and AI/ML tech. Devand is the former CTO of Groupon and was a managing director at Goldman Sachs. American Express just nabbed a new top cloud executive to oversee the development of cloud-based solutions, Insider has learned. Sachin Devand, the former CTO of ecommerce marketplace Groupon, joined the company on Monday after only eight months at Groupon, according to a person familiar with the situation. During his stint at Groupon, Devand was focused on increasing automation and streamlining the company's tech stacks.

☆ Stocks: Dow on track for best month in more than 45 years
▼ + stars: | 2022-10-31 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +3 min

New York CNN Business —The Dow fell slightly midday Monday but is still up 14% this month, putting it on track for its best monthly gain since January 1976. Still, it’s fitting that on Halloween, candy maker Hershey (HSY) is trading at an all-time high, Shares are up nearly 25% this year. That’s nearly half of the Dow stocks. Oil stocks and health care companies are leading the market, with Chevron (CVX), Merck (MRK) and Amgen (AMGN) topping the Dow leaders list. This list of well known, brand-name stocks trading at record highs is further proof of that point.

☆ Jim Cramer: The tech tyranny is over. These are the stocks driving this market
▼ + stars: | 2022-10-30 | by ( Jim Cramer | ) www.cnbc.com time to read: +7 min

The money went to the stocks of companies who buy their shares in the open market the way Silicon Valley issues it. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) 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. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

☆ Apple better positioned than other mega-cap techs because of its cash, says Payne Capital's Garcia
▼ + stars: | 2022-10-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple better positioned than other mega-cap techs because of its cash, says Payne Capital's GarciaCourtney Garcia, Payne Capital Management senior wealth advisor, joins 'The Exchange' to discuss what she sees in Apple, Amazon and other mega-cap technology stocks.

☆ Nasdaq falls after Alphabet's earnings miss ignites worries about Big Tech's digital ad sales
▼ + stars: | 2022-10-26 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Nasdaq stock futures fell 1.5% in premarket Wednesday after Alphabet missed on earnings and revenue. YouTube's first-ever drop in ad revenue helped spark worries for 3Q Big Tech financial results this week. YouTube missing its targets could be a bad sign for other tech giants' digital ad revenue prospects, according to strategists. Other mega-cap tech stocks fell on the digital ad slowdown fears before the opening bell, with Meta Platforms and Amazon both dropping about 3.5%. Read more: Alphabet's earnings report confirmed a big ad spending slowdown, and that bodes poorly for Meta

☆ Earnings have been mostly good. Just avoid the tech wreck
▼ + stars: | 2022-10-26 | by ( Paul R. La Monica | Cnn Business | ) edition.cnn.com time to read: +4 min

Corporate earnings have actually been, to quote "Curb Your Enthusiasm's" Larry David, pretty, pretty good. The Dow was up more than 300 points, or 1%, while the S&P 500 gained 0.6%. what used to be dubbed FAANG stocks before name and ticker changes) make up a big chunk of the weighting of the S&P 500. Nearly three-quarters of the S&P 500 companies that have reported earnings so far have topped forecasts. So the weaker earnings are more a function of higher costs as opposed to a significant slowdown in sales.

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