DIRS.INFO The most relevant business & tech news

☆ Why the U.S. won't change physical cash
▼ + stars: | 2023-11-07 | by ( Mark Licea | ) www.cnbc.com time to read: +2 min

The Federal Reserve will spend $931.4 million to print bills in 2023 — but there's a problem with U.S. cash. Physical currency has been updated around the world but not in the U.S., and while an increasing number of Americans are ditching cash for electronic payments, experts say cash isn't going away. In 2017, the $100 bill surpassed the $1 bill as the most popular currency denomination. Some speculate that the rise in $100 bills in circulation may be to avoid taxes or for illegal activity. … In the 1960s, the half dollar lost its place because it wasn't included in the use of parking meters," said Mudd.

Persons: Aaron Klein, Douglas Mudd, Franklin Noll, Mudd Organizations: Federal Reserve, Brookings Institute, CNBC, American Numismatic Association, Federal Reserve Bank of Kansas City Payments, U.S Locations: U.S

NEW YORK (AP) — There are rituals to an Alexander Payne movie. “The Holdovers” is Payne's attempt to make not just a ‘70-set film but an actual ’70s film, styled after some of the movies he grew up with. “I like talking about other people’s movies more than my own,” Payne shrugged. But there was always that distant dream of not being a filmmaker but just going to film school. Most of us trained in film school like those ’70s guys.

Persons: Alexander Payne, Kevin Tent, Payne, ” Payne, ”, —, Paul Giamatti, David Hemingson, Paul Hunham, Giamatti, Angus Tully, Dominic Sessa, Mary Lamb, Da’Vine Joy Randolph, Leo McCarey's, Payne —, “, ” Payne shrugged, PAYNE, –, Dominic, ” “ Harold, Maude, Hal Ashby, Harold, Maude ”, “ Harold, we’d, they’re, Franco, You’ve, Antonioni, Kurosawa, Citizen Ruth ”, Mike Nichols, Francis Coppola, Lifechanging, Bob Rafelson, Milos Foreman, Jim Taylor, Ivan Passer’s, Milos, Ivan, Jim, Fireman’s, Wes Anderson, Paul Thomas Anderson, ” “, David O, Russell, Spike Lee, Jim Jarmusch —, Steven Soderbergh, “ Soderbergh, Jake Coyle Organizations: eBay, New, Somerville Theatre, Stanford, Columbia School of Journalism, Castro Theatre, Times, Franco, Citizen, “, ”, MOMA Locations: Omaha , Nebraska, New England, Manhattan, Boston, “, San Francisco, Spain

☆ Sixty percent of major brands plan to increase their ad budgets in 2024, new research shows
▼ + stars: | 2023-11-07 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +4 min

Marketers have expressed cautious optimism looking ahead to 2024, with 60% of respondents in a new survey saying they plan to increase their ad budgets next year. Just 29% of respondents last year said they were expecting to increase their media budgets in 2023. Of the remaining 40% of those surveyed, roughly one-third (33%) said they intended to maintain their 2023 budgets into 2024. Meanwhile, print, linear TV, and radio were all likely to decline in their share of most marketers' budgets in 2024, according to the report. Around a third of advertisers said they plan to conduct log-level analysis of the programmatic supply chains in 2024 and 2025, according to the report.

Persons: Stephan Loerke, it's, we'll Organizations: World Federation, Retailers, CTV

☆ Central banks look to have hit peak rates. Here's how markets think they'll come down
▼ + stars: | 2023-11-07 | by ( Elliot Smith | ) www.cnbc.com time to read: +6 min

The U.S. Federal Reserve, European Central Bank and the Bank of England dramatically hiked rates over the last 18 months in a bid to tame runaway inflation. Reid also highlighted that this is the seventh time this cycle that markets have notably reacted on dovish speculation. "Clearly rates aren't going to keep going up forever, but on the previous 6 occasions we saw hopes for near-term rate cuts dashed every time. In clear, waiting for inflation to reach 2% before cutting rates would be 'overkill,'" Moëc said. However, minutes from last week's meeting reiterated the Monetary Policy Committee's expectations that rates will need to stay higher for longer, with U.K. CPI holding steady at 6.7% in September.

Persons: Jerome Powell, Brendan McDermid, nonfarm payrolls, DBRS Morningstar, Jim Reid chalked, Reid, we've, Gilles Moëc, Moëc, Christine Lagarde, Yannis Stournaras Organizations: Federal Reserve, New York Stock Exchange, U.S . Federal Reserve, European Central Bank, Bank of, Fed, PCE, DBRS, Deutsche Bank, ECB, AXA, National Bank of Greece, of, Bank of England, CPI, BNP Locations: New York City, Bank of England, U.S, Europe

☆ Rachel Zegler’s dress nods to this famous ‘Hunger Games’ moment
▼ + stars: | 2023-11-06 | by ( Manav Tanneeru | Leah Dolan | ) edition.cnn.com time to read: +3 min

CNN —“West Side Story” breakout Rachel Zegler is set to join the blockbuster “Hunger Games” franchise with the release of prequel “The Ballad of Songbirds and Snakes” on November 17. Fans have compared Zegler's dress with another key "Hunger Games" moment. Jorg Carstensen/dpa/APFans were quick to compare Zegler’s look with another famous “Hunger Games” frock. Jennifer Lawrence as Katniss Everdeen in "The Hunger Games: Catching Fire" (2013). From left: Tom Blyth, Rachel Zegler, Hunter Schafer and Josh Andres Rivera attend the premiere of "The Hunger Games: The Ballad of Songbirds & Snakes" in Berlin.

Persons: CNN —, Rachel Zegler, Zegler, Lucy Gray Baird, Katniss, Alexander McQueen, Jorg Carstensen, Suzanne Collins ’, Jennifer Lawrence, Katniss Everdeen, Sarah Slutsky, Tom Blyth, Hunter Schafer, Josh Andres Rivera, Gerald Matzka, Zegler’s, Schafer Organizations: CNN, AP, Lionsgate, Capitol Locations: Berlin

☆ Dollar rebounds, Fed officials take center stage
▼ + stars: | 2023-11-06 | by ( Karen Brettell | ) www.reuters.com time to read: +4 min

Comments from other Fed officials will also be evaluated for signs on whether they expect further rate increases. “Next week’s CPI print is going to be the best adjudicator we have on whether or not the Fed needs to hike rates again,” said Rai. The dollar index was last up 0.13% on the day at 105.19 after earlier dropping to 104.84, the weakest since Sept. 20. The yen hit 151.74 per dollar last week, edging close to October 2022 lows that spurred several rounds of dollar-selling intervention by the Bank of Japan. The Australian dollar fell 0.34% to $0.6491, after earlier reaching a three-month high of $.6523.

Persons: Dado Ruvic, Jerome Powell, ”, Bipan Rai, Lisa Cook, “, Rai, Dane Cekov, Cekov, Karen Brettell, Samuel Indyk, Jonathan Oatis, Aurora Ellis Organizations: REUTERS, U.S, Federal, CIBC Capital Markets, Market Committee, Fed, Bank of Japan, Reserve Bank of Australia, Thomson Locations: North American, Toronto, U.S, London

☆ Dollar dips on growing bets Fed rate hikes are over
▼ + stars: | 2023-11-06 | by ( Karen Brettell | ) www.reuters.com time to read: +3 min

Comments from other Fed officials will also be evaluated for signs on whether they expect further rate increases. “Next week’s CPI print is going to be the best adjudicator we have on whether or not the Fed needs to hike rates again,” said Rai. The dollar index was last down 0.03% on the day at 105.02 and got as low as 104.84, the weakest since Sept. 20. Cekov said the yen likely needs to be around the 155 per dollar area for Japanese authorities to consider intervention or to talk the currency up. The yen hit 151.74 per dollar last week, edging close to October 2022 lows that spurred several rounds of dollar-selling intervention by the Bank of Japan.

Persons: Dado Ruvic, Jerome Powell, ”, Bipan Rai, “, Rai, Dane Cekov, Cekov, Sterling, Karen Brettell, Samuel Indyk, Jonathan Oatis Organizations: REUTERS, U.S, Federal, CIBC Capital Markets, Market Committee, Bank of Japan, Thomson Locations: North American, Toronto, U.S, London

NEW YORK (AP) — Former White House chief of staff Mark Meadows is being sued by his publisher for contradicting his book's claim about the the 2020 election. In a breach of contract lawsuit filed Friday in Florida, All Seasons cited media reports from last month alleging that Meadows knew Trump had lost to Democrat Joe Biden. “Meadows’ reported statements to the Special Prosecutor and/or his staff and his reported grand jury testimony squarely contradict the statements” in “The Chief's Chief,” according to the lawsuit, filed in Sarasota, Florida. “If such media reports are accurate, Meadows testified under oath that his book contains known falsehoods,” All Seasons alleged in its breach of contract suit. The All Seasons case is unusual both because it's based on media reports, not direct knowledge of Meadows' testimony, and because it's based on alleged factual errors.

Persons: —, Mark Meadows, Meadows, Donald Trump, Trump, Democrat Joe Biden, “ Meadows, ’, George Terwilliger, ”, Jack Smith, Smith, Trump hadn't Organizations: White House, Seasons Press, Democrat, Special, U.S, Capitol, Trump, ABC News Locations: “, Florida, Sarasota , Florida, Meadows, Georgia

☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Amazon, BJ's, Ferrari, Disney, Birkenstock & more
▼ + stars: | 2023-11-06 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Monday's biggest calls on Wall Street: KBW upgrades Bank of America to market perform from underperform KBW upgraded the banking giant with long-term rates declining. Bank of America downgrades Paramount to underperform from buy Bank of America said the backdrop is too challenging for the media stock. Bank of America reiterates Nvidia as buy Bank of America said it's bullish on the stock heading into earnings later this month. Goldman Sachs initiates Birkenstock as buy Goldman initiated the shoe company with a buy and said Birkenstock shares are compelling. Bank of America reiterates Apple as neutral Bank of America said it's sticking with its neutral rating on shares of Apple .

Persons: KBW, Mizuho, it's, BILI, Lee jeans, it's bullish, Goldman Sachs, Goldman, EBITDA, Raymond James downgrades Bloomin, Raymond James Organizations: Bank of America, Underperform, Corp, Deutsche Bank, Deutsche, Mizuho, TAM, UBS, Amazon, Citi, Disney, " Bank of America, Paramount, Barclays, Nvidia, AMD, Dominion, Biotech, JPMorgan, HSBC, RBC, Apple, of America Locations: China, FY24E, CLX, Russia, Ukraine

NEW YORK (AP) — The Pulitzer Prizes, considered the premier award for print journalists, are opening eligibility to broadcast and audio companies that also offer digital news sites. But the work these companies can submit for prize consideration must primarily be written journalism, the Columbia University-based Pulitzer Prize Board said on Monday. Broadcast news outlets were historically prohibited from entering work in the Pulitzer competition because they produced little text-based journalism. Other competitions, like the Emmys and the duPont-Columbia Awards, honor broadcast journalism. “Although video may be part of the entry, these are not awards for broadcast journalism,” she said.

Persons: —, ”, Brian Carovillano, “, Marjorie Miller Organizations: Columbia University, duPont, Columbia, CNN, NPR, ABC, CBS, NBC, NBC News, New York Times

☆ India's Redington posts 22% fall in quarterly profit on slow tech gadget demand
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +2 min

CHENNAI, Nov 6 (Reuters) - India's Redington (REDI.NS) reported a 22% decline in quarterly profit on Monday, as the technology gadgets distributor grappled with a global slowdown in demand and higher expenses. Consolidated profit fell to 3.03 billion rupees ($36.42 million) in the second quarter from 3.87 billion rupees a year earlier. In the previous four quarters, Redington had reported revenue growth between 24.6% and 30.8%. However, Qualcomm and Apple recently indicated smartphone sales slump has finally started to ease, setting them up for better quarters ahead. ($1 = 83.1974 Indian rupees)Reporting by Praveen Paramasivam in Chennai; Editing by Eileen SorengOur Standards: The Thomson Reuters Trust Principles.

Persons: Redington, Praveen, Eileen Soreng Organizations: Consolidated, Apple, Samsung, Revenue, Qualcomm, Thomson Locations: CHENNAI, Chennai, Tamil Nadu, Singapore, India, South Asia

The newspaper's banner logo is seen during the grand opening of the Washington Post newsroom in Washington January 28, 2016. REUTERS/Gary Cameron/File Photo Acquire Licensing RightsCompanies Amazon.com Inc FollowNov 4 (Reuters) - William Lewis, the former Dow Jones chief executive and publisher of The Wall Street Journal has been named chief executive and publisher of The Washington Post, the Post said on Saturday. The Washington Post said that it is projected to end the year taking a $100 million loss. Lewis is set to take on his duties from Jan. 2, 2024, replacing Patty Stonesifer, who became interim chief executive in June. Stonesifer had replaced Fred Ryan, who stepped down in August after a nine-year stint as publisher and CEO.

Persons: Gary Cameron, William Lewis, Dow Jones, Lewis, Jan, Patty Stonesifer, Jeff Bezos, Stonesifer, Fred Ryan, Ryan, Gursimran Kaur, Helen Coster, Daniel Wallis, Michael Perry Organizations: Washington Post, REUTERS, Dow, The Washington Post, Reuters, Post, Thomson Locations: Washington, Bengaluru, New York

☆ Berkshire Hathaway posts a 40% jump in operating earnings, cash pile swells to a record $157 billion
▼ + stars: | 2023-11-04 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

An Andy Warhol-like print of Berkshire Hathaway CEO Warren Buffett hangs outside a clothing stand during the first in-person annual meeting since 2019 of Berkshire Hathaway Inc in Omaha, Nebraska, U.S. April 30, 2022. Warren Buffett's Berkshire Hathaway on Saturday reported a big jump in third-quarter operating earnings, while sitting on a record amount of cash that surpassed $157 billion. The Omaha-based conglomerate's operating earnings — which encompass profits made from the myriad of wholly owned businesses such as insurance, railroads and utilities — totaled $10.761 billion last quarter. That's 40.6% higher than the $7.651 billion earned from the same quarter a year ago. Berkshire held a record level of cash at the end of September — $157.241 billion — topping the $149.2 billion high set in the third quarter of 2021.

Persons: Andy Warhol, Berkshire Hathaway, Warren Buffett, Warren Buffett's Berkshire Hathaway Organizations: Berkshire, Berkshire Hathaway Inc Locations: Omaha , Nebraska, U.S, Omaha, Berkshire

☆ Netflix DVDs, Scorsese and Me
▼ + stars: | 2023-11-03 | by ( Gabe Cohn | More About Gabe Cohn | ) www.nytimes.com time to read: +4 min

The DVD service was particularly handy when I decided to embark on a career-spanning marathon of all Martin Scorsese’s movies. The most rented movie overall was “The Blind Side” (never saw it) and the most rented TV show “Dexter” (a video store rental for me in 2010). The “Tár” outlier speaks to one of the beautiful aspects of the Netflix DVD. (Don’t sleep on De Niro’s deliciously unhinged performance in “The King of Comedy.”) For all Netflix DVD users, though, De Niro rests at a healthy but comparatively modest fifth place. In this way, the DVD service acted more as an overstuffed old-school video store.

Persons: Martin Scorsese’s, Bertha ” —, ‘, Dexter ”, Tom Cruise, ”, “, Cate Blanchett, Paul Newman, weren’t, Morgan Freeman, Matt Damon, Liam Neeson, Scorsese, Robert De Niro, Niro’s, De Niro, Meryl Streep, Catherine, Clint Eastwood, Eastwood, Steven Spielberg, Catherine Scorsese, Marty, Mark Wahlberg Organizations: Netflix, D.C, Washington , D.C, Gran Torino ’, Hulu, Disney, Apple Locations: ’ Washington, Washington ,, Scorsese’s, The

☆ An AI app cloned Scarlett Johansson’s voice for an ad—but deepfakes aren’t just a problem for celebrities
▼ + stars: | 2023-11-03 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

Movie star Scarlett Johansson is taking legal action against an AI app that used her name and an AI-generated version of her voice in an advertisement without her permission, according to Variety. The 22-second ad was posted to X, formerly Twitter, on Oct. 28 by AI image-generating app Lisa AI: 90s Yearbook & Avatar, according to Variety. The ad featured images of Johansson and an AI-generated voice similar to hers promoting the app. However, fine print displayed under the ad indicated the AI-generated content "has nothing to do with this person." Lisa AI and a representative for Johansson didn't respond to CNBC Make It's request for comment.

Persons: Scarlett Johansson, Johansson, Lisa AI, Johansson didn't Organizations: Variety, CNBC

☆ CNBC Daily Open: A perfect day for markets and a falling Apple
▼ + stars: | 2023-11-03 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

In this article AAPL Follow your favorite stocks CREATE FREE ACCOUNTTim Cook, chief executive officer of Apple Inc., holds an iPhone 15 Pro Max during an event at Apple Park campus in Cupertino, California, US, on Tuesday, Sept. 12, 2023. David Paul Morris | 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. What you need to know todayThe bottom lineIt was an astounding day for markets, with everything falling into place as perfectly as investors could have hoped for. Labor costs actually fell for a three-month period ending September — compared with an expected increase — while unemployment claims ticked up.

Persons: Tim Cook, Max, David Paul Morris, Stocks, there's, it's Organizations: Apple Inc, Apple, Bloomberg, Getty, CNBC, Treasury, U.S, Labor, Dow Jones, Nasdaq Locations: Cupertino , California, U.S

☆ Take Five: You (may) have arrived at your destination
▼ + stars: | 2023-11-03 | by ( ) www.reuters.com time to read: +5 min

No wonder markets see a 70% chance that the Fed's brutal 20-month tightening cycle is over and that rate cuts could begin as soon as June. So watch closely to see if the top central bankers push back against the cut chatter until inflation is truly tamed. Shekel, gold, oil response to the war5/RACE DAY RATE HIKEThe famous Melbourne Cup horse race runs on Tuesday, but some of the shortest odds are on an Aussie central bank rate hike over in Sydney that day. Three-year and 10-year Australian government bond yields have hit their highest since 2011, though backed off slightly on the Fed's hold. The Australian dollar has also rallied strongly against its New Zealand counterpart as rate expectations diverge.

Persons: Marc Jones, Dhara, Kevin Buckland, Tom Westbrook, Lewis Krauskopf, BoE, Horton, Walt Disney, Mittal, shekel, Antony Blinken, Jordan, Luci Ellis, Kripa Jayaram, Riddhima Talwani, Gareth Jones Organizations: Federal Reserve, Fed, ECB, FX, Bank of Japan, Reuters, eBay, Nvidia, UBS, ABN Amro, Allianz, Friday, U.S, Melbourne Cup, Westpac, New Zealand, Thomson Locations: Australia, Gaza, Here's, London, Tokyo, Singapore, New York, Britain, U.S, Europe, Commerzbank, Israel, Gaza City, Iran, Sydney

We are actually going to be looking at this in the very early days of generative AI. casey newtonYeah, this feels like one of the big questions in AI right now. rebecca tushnetSo I see why you say that’s strange, but in fact, it’s exactly how you would make a general-purpose tool. But now, finally, along come these new technologies to take them down a peg, and they’re actually going to have to work for a living. So maybe they’re slapping, like, AI sort of things around the stories that they’re aggregating.

Persons: kevin roose Casey, casey newton What’s, kevin roose, casey newton Dots, casey newton, they’re, kevin roose —, casey newton Dot, CASEY, Biden, Mr, kevin roose I’m Kevin Russo, ” casey newton, Casey Newton, Rebecca Tushnet, casey newton Kevin, I’d, Rachel, kevin roose Aw, Harry Potter, kevin roose Wow, SpongeBob, Chuck Schumer, let’s, it’s, Claude, kevin roose Totally, casey newton Yes, Yann LeCun, It’s, you’re, you’ve, Sam Altman, Dario Amodei, kevin roose I’ve, Arati Prabhakar, arati prabhakar, Ben Buchanan, ben buchanan, casey newton Well, Dodd, Frank, I’m, kevin roose Will, You’ve, kevin roose God, kevin roose Hey, Casey, we’ve, Sarah Anderson, who’s, Emad Mostaque, Anderson, weren’t, Kevin, — casey newton, ” rebecca tushnet, rebecca tushnet, that’s, there’s, casey newton Right, I’ve, “ Barbie, “ Barbie ”, Sarah Anderson’s, rebecca tushnet It’s, Barbie, casey newton I’m, Rebecca, Westlaw, we’re, Cory Doctorow, what’s, casey newton Um, Pattie, it’s minty, Patties, Let’s, casey newton No, it’ll, casey newton That’s, KEVIN, “ Joe Biden, ’, Bruce Reed, Joe Biden, ” ‘, Reed, Camp David, Biden’s, —, kevin roose Jack, Jack, ”, Lily James, kevin roose Oh, kevin roose Ugh, kevin roose Horrible, kevin roose “ Cruise, ” “ Cruise, They’re, haven’t, casey newton Close, kevin roose It’s, Guy, casey newton I’ve, Newton Organizations: Target, Opera, The New York Times, White, White House, casey newton People, Google, casey, Science, Technology, Defense Department, Biden White House, Communications, Department of Commerce, European Union, Harvard Law, Midjourney, Copyright, Stability, Harvard Law School, Associated Press, Adobe, Starbucks, Disney, YouTube, Stetson, Media, Biden, NVIDIA, Variety, Staff, Associated, Microsoft, Guardian, General Motors, Cruise, House Locations: Washington, Bikini, Valley, OpenAI, Anthropic, Silicon Valley, Europe, America, York, They’re, Camp, Sydney, United States, California, Austin , Texas, Phoenix, Dallas , Houston, Miami, San Francisco, Franciscans

☆ How to Store Print Photographs
▼ + stars: | 2023-11-03 | by ( Signe Brewster | ) www.nytimes.com time to read: 1 min

Photos thrown in a shoebox today are still likely to be in good condition in 30 years, but to give your photographs the best chance of lasting a century or more, there are a few things that professional archivists recommend. Here’s what to do if you’d like your photos to last for generations →

Donald Trump Jr. has become a high-volume defender of his namesake father, appearing often on television and social media. Eric Trump is more of a businessman than a politician, and has cast himself as the moderating voice within a polarizing family. Eric Trump has continued to attend the trial since, paying close attention to testimony about spreadsheets filled with valuations and the fine print of insurance deals. And when Eric Trump testifies this week, Ms. James’s lawyers are expected to question him aggressively on his role at the company. Eric Trump was, Ms. James’s team wrote in court papers, the company’s “chief decision maker.”

Persons: Donald Trump Jr, Donald J, Trump, “, —, Don, Eric —, ”, Trump’s, Eric Trump, Letitia James, Ivanka —, James, scowled, Eric, James’s Organizations: Trump Organization, Mr, New, Seven Locations: Westchester County, N.Y, Westchester

☆ I tried paying with my palm at Whole Foods using Amazon's futuristic scanners. It was scarily convenient.
▼ + stars: | 2023-11-02 | by ( Kylie Kirschner | ) www.businessinsider.com time to read: +2 min

In July, Amazon announced all US Whole Foods stores would have palm payment tech by the end of 2023. The system, called Amazon One, links a user's payment information and account with their palm print. I decided to try it out, and while I was initially skeptical of scanning a body part, I can't deny it's convenient. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . If you're an Amazon Prime member, you can also link it with your Prime account — no need to fumble in the Amazon app looking for your in-store code any longer.

Persons: — Organizations: Amazon, Foods, Service, New, Coors Field Locations: Seattle, New York, Colorado

☆ Two chip stocks are surging this week. Options traders bet one will keep going and one will falter
▼ + stars: | 2023-11-02 | by ( Michael Khouw | ) www.cnbc.com time to read: +5 min

Two of the semiconductor stocks that reported this week saw some big post-earnings moves and substantially above-average options trading activity. Among the biggest winners were Wolfspeed Inc. (WOLF) and Advanced Micro Devices Inc. (AMD) . AMD WOLF 5D mountain AMD vs Wolfspeed, 5 days Are options markets aligned with these spikes or fading them using them as opportunities to initiate new bearish positions? Betting against Wolfspeed Wolfspeed popped sharply after a modest topline beat. Betting on AMD Unlike WOLF, AMD was up over 50% year-to-date going into the print so the pop wasn't a short-covering rally.

Persons: Wolfspeed, Roth MKM, Canaccord Genuity, Morgan Stanley Organizations: Wolfspeed Inc, Devices Inc, AMD, Carbide, JPMorgan, Citi, Deutsche Bank, WOLF, Management, Nvidia, supercomputing

☆ Here's what analysts at major Wall Street firms expect from Apple's upcoming earnings report
▼ + stars: | 2023-11-02 | by ( Hakyung Kim | ) www.cnbc.com time to read: +5 min

The September quarter results will only encompass approximately a week of the iPhone 15 sales. AAPL YTD mountain Apple stock in 2023 The company will post its September quarter results Thursday after the bell. Take a look at what analysts are forecasting ahead of the company's announcement: Deutsche Bank trims price target Deutsche Bank reduced its price target on shares to $200 from $210. Morgan Stanley sees better-than-expected quarter results Morgan Stanley has an overweight rating and $210 price target on Apple. The company is leaning cautious on December quarter results due to iPhone supply shortages and consumer spending concerns.

Persons: Apple, Goldman Sachs, Michael Ng, Ng, We're, Morgan Stanley, Michael Bloom Organizations: Apple, Apple Watch, Deutsche Bank, JPMorgan, UBS Locations: China, U.S, Wednesday's

☆ Apple shares give investors waiting to buy an opportunity after an uneven quarter
▼ + stars: | 2023-11-02 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

AAPL YTD mountain Apple YTD Apple shares fell more than 3% after the release. Cash and capital allocation In its September quarter, Apple generated operating cash flow and free cash flow results that were lower than what the Street was looking for. Services, a high-margin business for Apple, reached a new all-time revenue record with growth accelerating to 16% on a year-over-year basis. On the call, CEO Tim Cook said Apple "achieved all-time revenue records across App Store, advertising, AppleCare, iCloud, Payment Services and video as well as a September quarter revenue record in Apple Music." Maestri said Apple achieved "all-time revenue records in the Americas, Europe, and rest of Asia-Pacific and a September quarter record in Greater China.

Persons: we've, Cash, we're, Apple, it's, Tim Cook, Maestri, Luca Maestri, Jim Cramer's, Jim Cramer, Jim, Patrick T, Fallon Organizations: Apple, Products, Services, Fortune, MacBook Air, Apple Watch, Management, CNBC, Grove Apple, AFP, Getty Locations: Apple's, Americas, Europe, Asia, Pacific, Greater China, China, Latin America, East, South Asia, India, Los Angeles , California

☆ Here’s what this year’s Starbucks holiday cups look like
▼ + stars: | 2023-11-01 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —For fervent fans of Starbucks, the holidays officially kick off this week with the arrival of its seasonal cups. Beginning Thursday, customers at its US locations will have their hot drinks served in one of four festive cups that are “clad in holiday red and Starbucks greens and a mood-boosting magenta,” according to a release. Holiday sales are important for the coffee chain: Last year, revenue grew 14% compared to a similar time period the year before, according to the company. Starbucks first rolled out seasonal cups in 1997. Starbucks reports earnings Thursday, perhaps providing a glimpse of what it expects this year’s holiday sales to be.

Persons: ”, Kristy Cameron Organizations: New, New York CNN, Starbucks Locations: New York

Search resuls for: "Print"

25 mentions found