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Peloton announced that Ford executive Peter Stern will join the company as its new CEO. The fitness company is betting Stern can help turn things around. He's expected to focus on trimming spending and retaining current Peloton subscribers. Peloton announced in May 2024 that CEO Barry McCarthy would be stepping down. McCarthy's departure came as the fitness company announced it was cutting around 15% of its workforce.

Persons: Peter Stern, Stern, —, Simeon Siegel, Neil Saunders, Saunders, Siegel, Scott Markman, Barry McCarthy, Everest Organizations: Ford, Service, Capital Markets, GlobalData, Apple

☆ Jim Cramer has these 3 stocks on his buy list in an oversold market
▼ + stars: | 2024-11-01 | 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. Jim Cramer said the potential rate cuts next week and possibly again in December provide a "bullish backdrop" for the overall market, favoring many of our stocks that benefit from lower rates. 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, we're, Jim, Stocks, Jim Cramer's Organizations: CNBC, Federal Reserve, BlackRock, Web Services, Chevron, Exxon, Intel, AMD Locations: Thursday's, oversold, Europe, Ukraine

☆ Stocks making the biggest moves midday: Intel, Amazon, Boeing, Chevron and more
▼ + stars: | 2024-11-01 | by ( Pia Singh | In | ) www.cnbc.com time to read: +4 min

The company posted earnings of $1.88 per share, excluding items, on revenue of $52.28 billion. Analysts polled by FactSet called for adjusted earnings per share of $1.62 on revenue of $50.90 billion. Intel — Shares popped 9% after the chipmaker topped third-quarter earnings estimates and shared upbeat quarterly guidance. The company posted adjusted earnings of 17 cents per share on $13.28 billion in revenue. Chevron also returned a record of more than $7 billion to shareholders in the quarter through buybacks and dividends.

Persons: Health —, Cardinal, FactSet, Atlassian, Donald Trump, Ernst, Ernst & Young, Avis, —, Alex Harring, Brian Evans, Michelle Fox Theobald, Sean Conlon, Samantha Subin Organizations: Health, Boeing —, Intel, Amazon, Web Services, Apple —, Trump Media & Technology Group, Communications, Abbott Laboratories, Abbott, Ernst &, Avis Budget, LSEG, Chevron Locations: Europe, buybacks

☆ Apple to buy Pixelmator, the iPhone image editing app with AI features
▼ + stars: | 2024-11-01 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Apple will buy Pixelmator, the creator of image editing apps for Apple's iPhone and Mac platforms, Pixelmator announced Friday in a blog post. Pixelmator, a Lithuanian company, was founded in 2007, and in recent years has been best known for Pixelmator and Pixelmator Pro, which compete with Adobe Photoshop. It also makes Photomator, a photo editing app. Pixelmator said in its blog post that there "will be no material changes to the Pixelmator Pro, Pixelmator for iOS, and Photomator apps at this time." In 2020, Apple bought Dark Sky, a weather app that eventually became integrated into Apple's default weather app.

Persons: Steve Jobs, Pixelmator, We've, Siri Organizations: Apple, Pixelmator, Adobe, iOS, Apple Intelligence Locations: Cupertino , California, Lithuanian

☆ The iPhone 16 upgrade can be a multi-year cycle, says BofA’s Wamsi Mohan
▼ + stars: | 2024-11-01 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe iPhone 16 upgrade can be a multi-year cycle, says BofA’s Wamsi MohanWamsi Mohan, Bank of America Securities analyst, joins 'Squawk Box' to discuss Apple's company quarterly earnings results, the company's iPhone growth outlook, and more.

Persons: BofA’s Wamsi Mohan Wamsi Mohan Organizations: Bank of America Securities

☆ Martin: Amazon's comments on generative AI should be good news for Nvidia
▼ + stars: | 2024-11-01 | 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 EmailMartin: Amazon's comments on generative AI should be good news for NvidiaThomas Martin of GLOBALT Investments discusses the positive and negatives from Amazon and Apple's latest earnings reports.

Persons: Martin, Nvidia Thomas Martin Organizations: Nvidia, GLOBALT Investments

☆ Apple's China headache isn't going away anytime soon
▼ + stars: | 2024-11-01 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Greater China is a key market for Apple, with new AI features expected to roll out in April. It also rolled out its highly-anticipated Apple Intelligence software in the US in English on Monday. While consumers may be buying the newest iPhones in Greater China, they'll have to wait until April for Apple Intelligence to launch in Chinese, however. However, competition is stiff, and Apple Intelligence still needs time to prove itself. It'll take months to know for certain if AI can move the needle for Apple in Greater China.

Persons: Apple, —, Tim Cook, Jacob Bourne, It'll Organizations: Apple, Baidu, Service, Apple Intelligence, Huawei, Xiaomi, Business, Wedbush Securities Locations: Greater China, China, EMARKETER

☆ Apple's AI demand remains in question
▼ + stars: | 2024-11-01 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple's AI demand remains in questionCNBC's Steve Kovach joins 'Squawk on the Street' to discuss Apple earnings.

Persons: Steve Kovach

☆ A satellite services company is up 31% after announcing Apple is taking a stake
▼ + stars: | 2024-11-01 | by ( Jaures Yip | ) www.businessinsider.com time to read: +2 min

Apple is taking a 20% stake under the new agreement, which follows a $450 million deal in 2022. Apple's iOS 18 now supports non-emergency satellite messaging. AdvertisementA satellite services company got a boost on Friday following its disclosure that Apple is taking a stake as part of a new investment deal. AdvertisementEmergency SOS enables satellite messaging to emergency services when an iPhone is not in range of WiFi or cellular connectivity. Apple rolled out non-emergency satellite messaging for iPhones in iOS 18.

Persons: —, Globalstar, Apple, Hurricane Helene Organizations: Globalstar Inc, Apple, Service, SEC, Business Locations: Globalstar, Hurricane

☆ 'Father of the iPod' says Apple's staggered AI rollout is smart — and 'doesn't require nuclear power'
▼ + stars: | 2024-11-01 | by ( Jaures Yip | ) www.businessinsider.com time to read: +4 min

Tony Fadell said Apple's staggered rollout of its AI features is smart. Apple Intelligence features became available Monday with iOS 18.1. Apple's AI features launched on iPhones with the release of iOS 18.1 on Monday. "People were like, 'I downloaded it,' and they were like, 'Apple's AI is meh,'" Fadell said. AdvertisementDuring Apple's earnings call on Thursday, CEO Tim Cook talked more about Apple's AI strategy, which plans to release additional Apple Intelligence features in December.

Persons: Tony Fadell, Fadell, Apple's, —, Apple, Siri, Tim Cook, Cook Organizations: Apple Intelligence, Service, Apple, Google, Microsoft, Big Tech, Constellation Energy, Amazon, Amazon Web Services Locations: SMRs, Australia, Canada, Ireland, New Zealand

☆ CNBC Daily Open: Big Tech needs to go beyond beating earnings expectations
▼ + stars: | 2024-11-01 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Big Tech drags down marketsMajor U.S. indexes slumped on Thursday, weighed down heavily by losses in Big Tech shares. While the company's cloud division missed revenue expectations, it's growing faster than it had in the same period last year. CNBC Pro checked in with Teng again to find out how his picks have performed, and if he has changed his mind on the stocks he's betting on.

Persons: Kevin Teng, Teng Organizations: CNBC, Big Tech, U.S, Japan's Nikkei, CSI, Apple, Amazon, P Global, PMI, Boeing, Wrise Private Singapore Locations: Asia, Pacific, Cupertino, China

☆ Apple to report earnings as investors worry about 'mixed' iPhone demand
▼ + stars: | 2024-10-31 | by ( Kif Leswing | ) www.cnbc.com time to read: +4 min

Apple CEO Tim Cook inspects the new iPhone 16 during an Apple special event at Apple headquarters on September 09, 2024 in Cupertino, California. "That should be expected, as Apple Intelligence features (the only reason to upgrade)have yet to be rolled out in a significant way." U.S. carriers, including AT&T, Verizon and T-Mobile, have also seemed unexcited about an Apple Intelligence upgrade cycle. But research firm Counterpoint Research told CNBC in October that iPhone sales, especially for the lower-priced devices, were strong in China. WATCH: Apple Intelligence rollout could be an inflection point, says Futurum Group CEO's Daniel Newman

Persons: Tim Cook, Apple doesn't, Morgan Stanley, Erik Woodring, Davidson, Gil Luria, We're, John Stankey, Malif Atik, Apple, Luca Maestri, Maestri, Kevan Parekh, CEO's Daniel Newman Organizations: Apple, Apple Intelligence, Verizon, Mobile, Huawei, Citi, Research, CNBC, Apple Watch, LSEG, Major League Soccer Locations: Cupertino , California, Spanish, U.S, China, Apple's

☆ Apple has a big leg up in AI compared to other smartphone makers, says Fmr. Executive Tony Fadell
▼ + stars: | 2024-10-31 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple has a big leg up in AI compared to other smartphone makers, says Fmr. Executive Tony FadellTony Fadell, NEST founder and former Apple executive, joins 'Closing Bell Overtime' to talk Apple's Q4 results.

Persons: Tony Fadell Tony Fadell Organizations: Apple

☆ Apple earnings live updates: Wall Street watching for AI updates around iPhone, consumer-spending guidance
▼ + stars: | 2024-10-31 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

Apple's stock is up about 19% in 2024. Apple's earnings results can have knock-on effects for the many public companies that supply it with components for its iPhones, iPads, and Mac computers. Investors will also extrapolate what Apple's results could mean for consumers' financial health. Apple stock is up about 19% year-to-date, slightly behind the S&P 500's gain of about 22%. Check in for live updates on Apple's earnings results throughout the day.

Persons: —, Tim Cook Organizations: Apple, Service

☆ Apple's services unit is now a $100 billion a year juggernaut after 'phenomenal' growth
▼ + stars: | 2024-10-31 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Apple CEO Tim Cook (C) joins customers during Apple's iPhone 16 launch in New York on September 20, 2024. Apple's second-largest division after the iPhone has turned into a $100 billion a year business that Wall Street loves. In Apple's earnings report on Thursday, the company said it reached just under $25 billion in services revenue, an all-time high for the category, and 12% growth on an annual basis. Apple's services unit has become a critical part of Apple's appeal to investors over the past decade. After Thursday, Apple's services business alone, based on its most recent run rate, would land around 40th on the Fortune 500, topping Morgan Stanley and Johnson & Johnson.

Persons: Tim Cook, Apple's, Apple, Luca Maestri, We've, Cook, Morgan Stanley, Johnson, Maestri Organizations: Apple, Services, SEC, Google, Apple Pay, Johnson Locations: New York, Europe

☆ Apple supercycle may be elongated with extended rollout of AI features
▼ + stars: | 2024-10-31 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple supercycle may be elongated with extended rollout of AI featuresCNBC's Steve Kovach joins 'Squawk on the Street' to discuss expectations for Apple's earnings.

Persons: Steve Kovach

☆ Microsoft's new AI CEO rolled out his first big product update. Some staff and users say the previous version was better.
▼ + stars: | 2024-10-31 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +6 min

It was is the first major release from Microsoft's new consumer AI org, under Mustafa Suleyman. It was the first major product release from Mustafa Suleyman's new Microsoft AI group, and it's had a mixed reception so far. AdvertisementHigh expectationsMicrosoft hired Suleyman in March to oversee consumer AI products such as the Bing search engine and the Copilot AI chatbot . For instance, Suleyman's consumer Copilot app is separate from an AI Copilot tool that Microsoft offers as part of its M365 suite of business software. User feedbackIn the public App Store reviews, users complained about several specific issues that have arisen since the consumer AI Copilot app was updated Oct. 1.

Persons: Mustafa Suleyman, —, Mustafa Suleyman's, it's, Suleyman, Susanne Franz, Divya Kumar, Kumar Organizations: Microsoft, Service, Business, Copilot

☆ Apple stuck it to the naysayers with better-than-feared financials, emerging iPhone 16 demand
▼ + stars: | 2024-10-31 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

While the hardware sales are certainly profitable, they pale in comparison to the profitability of Apple's Services. It's impossible to do consistently, and that's why Jim Cramer always says "own, don't trade" Apple stock. During the reported quarter, Apple returned over $29 billion to shareholders, including $3.8 billion in dividends and equivalents and another $25 billion via the repurchase of 112 million shares. Though Services sales missed the mark, gross income managed to outpace expectations thanks to significant year-over-year margin expansion. The growing installed base of active devices is of course translating into strong engagement with Apple's services.

Persons: Luca Maestri, that's, Jim Cramer, Time Cook, Apple, we're, Maestri, Jim Cramer's, Jim, Michael M Organizations: Apple, Samsung, Dell, HP Inc, of Asia, of Asia Pacific, Mac, Apple Watch, Apple Intelligence, Apple's Services, iOS, CNBC, Fifth, Santiago, Getty Locations: Apple's, Americas, Europe, Asia Pacific, Japan, Greater China, iPhones, Kantar, U.S, China, Australia, New York City

☆ Apple earnings: What to watch
▼ + stars: | 2024-10-31 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple earnings: What to watchCNBC's Steve Kovach joins 'The Exchange' to discuss what to watch for in Apple's earnings announcement today.

Persons: Steve Kovach

☆ I tried Apple Intelligence for 48 hours. These are my favorite AI features so far.
▼ + stars: | 2024-10-30 | by ( Jordan Hart | ) www.businessinsider.com time to read: +4 min

I tried out Apple Intelligence on an iPhone 16 Pro Max over the first few days of its rollout. The iOS 18.1 update introduced AI tools like writing aids and photo editing on newer iPhones. AdvertisementI've been testing out Apple Intelligence for 48 hours, and it's already changing the way I use an iPhone. For transparency, I own an iPhone 14 Pro Max — an older model that can't support Apple's newly rolled-out AI features. AdvertisementThe tools aren't perfect, and Apple has said that outcomes can vary when it comes to Apple Intelligence.

Persons: Max, —, Max —, I've, Jordan Hart, Apple Organizations: Apple Intelligence, Service, Max, Apple, Worldwide, Conference

☆ Apple updates MacBook Pro laptops with new chips, more memory for AI
▼ + stars: | 2024-10-30 | by ( Kif Leswing | ) www.cnbc.com time to read: +1 min

Apple on Wednesday introduced new MacBook Pro laptops with updated processors, in what is likely the company's last major hardware announcement of the year. Apple says the new chips are 1.8 times faster than the M1, which powered Apple's 2021 MacBook Pro. Additionally, all of the new MacBook Pro models come with at least 16GB of RAM. The more memory a computer has, the more it is capable of handling larger and more sophisticated AI models. Doubling the RAM on its laptops represents the most significant change Apple has made to its lineup of computers to better support Apple Intelligence.

Persons: Tim Cook, Apple Organizations: Apple Inc, Apple Worldwide, Apple, M4, Apple Intelligence, MacBook Locations: Cupertino , California

☆ Meta set to report Q3 earnings after the bell
▼ + stars: | 2024-10-30 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +2 min

Mark Zuckerberg, chief executive officer of Meta Platforms Inc., arrives for the Meta Connect event in Menlo Park, California, US, on Wednesday, Sept. 25, 2024. Meta is slated to report third-quarter earnings on Wednesday after the close of regular trading. Meta's results come a day after digital ad companies Alphabet , Reddit and Snap all reported solid quarterly earnings. Microsoft reports after the bell on Wednesday, and the big week for tech earnings wraps up on Thursday, when Apple and Amazon report quarterly financials. If Meta hits analysts' expectations for third-quarter revenue, that would represent 18% year-over-year growth, down from 23% a year ago.

Persons: Mark Zuckerberg, LSEG, Jeff Bezos, Zuckerberg, Bernstein, Meta Organizations: Meta, Inc, Amazon, Bloomberg, Microsoft, Apple Locations: Menlo Park , California, China

☆ The election-betting market has exploded in popularity this presidential cycle
▼ + stars: | 2024-10-29 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Betting markets are booming ahead of the US Presidential election. Kalshi has attracted $100M in election bets this month and is the top free finance app in Apple's app store. Robinhood is getting in on the action, announcing its own election betting platform on Monday. Earlier this month, a US federal appeals court cleared Kalshi to open its election betting platform for US citizens. Interactive Brokers also launched a slew of election betting contracts earlier this month following the court decision to allow Kalshi to operate.

Persons: Kalshi, —, we're gunning, Tarek Mansour, it's, Donald Trump, Mansour, TikTok Organizations: Service, Apple, PayPal, CNBC, Interactive, Kalshi

☆ Apple announces new and smaller Mac Mini with first redesign since 2010
▼ + stars: | 2024-10-29 | by ( Kif Leswing | ) www.cnbc.com time to read: +1 min

Apple announced on Tuesday new Mac Mini models, featuring the first major redesign since 2010 that makes the desktop computer significantly smaller. The Mac Mini is Apple's least-expensive Mac, starting at $599, and does not include a display, which is sold separately. The Mac Mini is not one of Apple's highest-volume computers in terms of sales, but it is an important slot in Apple's lineup, especially for people who make apps for iPhones and other Apple platforms. Many iPhone developers like to run a Mac Mini as a personal development server for coordinating uploads and code. One improvement in the new design is that all of the ports are USB-C ports, the same more modern offering found on Apple's laptops.

Organizations: Apple, Microsoft Windows

☆ Brian Chesky breaks down what people get wrong about 'founder mode'
▼ + stars: | 2024-10-29 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +4 min

"Founder mode" is not about "swagger," says one of the founders who popularized it. Here's what he says most people get wrong about "founder mode" and how he actually defines it. AdvertisementBrian Chesky helped popularize the term "founder mode," but he says some people have gotten it twisted. The term "founder mode" was popularized in September by Y Combinator founding partner Paul Graham, who wrote that Chesky inspired it. "First of all, people don't know what founder mode is," Chesky said on the podcast.

Persons: Brian Chesky, —, Y, Paul Graham, Graham, Chesky, Airbnb, Mark Zuckerberg, aren't, Steve Jobs, Walt Disney, Elon Musk, Jony, Hiroki Asai Organizations: Service, Apple, Harvard Business School Locations: Airbnb

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