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Anything above 4% indicates the market is overbought, anything below a minus 5% means the market is oversold.) I am just prematurely predicting other investors fleeing the stock because they think Warren knows more than them. Many investors thought that Amazon was the best set up of the Mag Seven going into earnings. We are right smack in a most perilous moment because the Fed doesn't want to move too fast but the stock market does and the Fed does not care about that. I don't think a presidential election is all that conducive to the market.
Persons: Warren Buffett's Berkshire Hathaway, Apple, Warren, That's, Buffett, Tim Cook, Cook, Carl Icahn, I'd, Donald Trump, don't, Jerome Powell, Meta, It's, Pat Gelsinger, Andy Grove, Gelsinger, Craig Barrett, that's, Pat, Let's, Mark Zuckerberg, Jim Cramer's, Jim Cramer, Jim Organizations: Nasdaq, Dow, of America, Apple, Microsoft, Bank of America, Amazon Web Services, Investors, Comcast, Walgreens, CVS, Federal, whimpers, Amazon, Nvidia, Meta, Intel, Lenovo, Dell, HP, CNBC, Jim Cramer's Charitable, Traders, New York Stock Exchange Locations: Friday's, China, , Wells, U.S, humorless, Taiwan, Brookfield, Arizona, NBCUniversal
Jan is the first person in Australia to be convicted of forced marriage since it was criminalized in 2013. Sakina Muhammad Jan was the first person convicted under Australia's forced marriage laws. Some of the measures borrow from forced-marriage laws in Britain, where hundreds of people take out protection orders each year to thwart an impending forced marriage. Other countries such as France, Canada and Germany also have specific laws against forced marriage. A month before Jan’s sentencing, the immigration minister circulated a directive specifically naming the crime of forced marriage as serious enough to warrant the removal of a visa.
Persons: Australia CNN — Ruqia Haidari, Sakina Muhammad Jan, Haidari, Jan, , , Fran Dalziel, Helena Hassani, Boland Parwaz, she’s, ” Helena Hassani, Haidari’s, Mohammad Ali Halimi, Ruqia Haidari, Facebook Halimi, , Halimi, he’d, ” Hassani, Wakil Kohsar, Jennifer Burn, Andrew Buckland, it’s, Dalziel, Hassani, It’s, “ I’m Organizations: Australia CNN, Victoria County Court, Australian Federal Police, University of Technology Sydney, UTS, AFP, Facebook, , Getty, Slavery, Refugee Convention, United Nations, Afghanistan Association Locations: Brisbane, Australia, Afghanistan, Pakistan, Shepparton, Victoria, Hazara, London, Perth, Western Australia, Baharak, Badakhshan province, AFP, Slavery Australia, Bangladesh, Indonesia, India, Britain, United Kingdom, France, Canada, Germany, Melbourne, Australian, Goulburn
Warren Buffett walks the floor and meets with Berkshire Hathaway shareholders ahead of their annual meeting in Omaha, Nebraska on May 3rd, 2024. Berkshire Hathaway 's cash pile swelled to a record $276.9 billion last quarter as Warren Buffett sold big chunks in stock holdings including Apple . The Omaha-based conglomerate's cash hoard jumped significantly higher from the previous record of $189 billion, set in the first quarter of 2024. For the second quarter, Berkshire's operating earnings, which encompass profits from the conglomerate's fully-owned businesses, enjoyed a jump thanks to the strength in auto insurer Geico. Operating earnings totaled $11.6 billion in the second quarter, up about 15% from $10 billion a year prior.
Persons: Warren Buffett, Berkshire Hathaway, Tim Cook, Buffett, I've Organizations: Berkshire Hathaway, Berkshire, Apple, Oracle, Buffett, Bank of America, Federal Reserve, Dow, Industrial Locations: Omaha , Nebraska, Omaha, Berkshire
"Our charter clients are looking for a 6-star experience perfectly tailored to them," Katie Schneidman, a charter broker at brokerage Burgess, told Business Insider over email. Take the Carinthia VII, a 97-meter yacht for charter from Fraser Yachts that costs more than $1.5 million a week to charter. Provisioning a charter yacht can run as much as 40% of the charter fee, Schneidman said. AdvertisementThat means food, drink, and fuel for the Carinthia VII could cost as much as $600,000. Related storiesAltogether, a week on the Carinthia VII can total $2.7 million — or just over $32,000 per person per day.
Persons: , Mark Zuckerberg, Jeff Bezos, Katie Schneidman, Burgess, Fraser, It's, Anders Kurtén, Schneidman Organizations: Service, Business, Fraser Yachts, Palm Locations: Carinthia, Greece, Naples, Positano
Growing up in the Philippines, Cristeta Comerford helped her mother, a seamstress, cook for a household of more than a dozen. They were simple meals: rice, a vegetable and fish or chicken, sometimes with extra potatoes to stretch the meal. You should go to Cordon Bleu and be a chef,” Ms. Comerford, who goes by Cris or “Cheffie,” said in an interview on Thursday. She never did go to culinary school, but she became the first woman and person of color to serve as White House executive chef. Ms. Comerford, 61, retired last week, having cooked for five presidents and their families, charted out more than 50 state dinners, and overseen a renovation of the White House kitchen that was built more than a century ago.
Persons: Cristeta Comerford, ‘ Cris, ” Ms, Comerford, Cris, , Organizations: White House, House Locations: Philippines
CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. U.S. stocks retreatU.S. stocks fell sharply on Thursday as weaker-than-expected jobs and manufacturing data sparked concerns about a rapid economic slowdown. Treasurys gainThe benchmark 10-year Treasury yield fell below 4% for the first time since February as investors digested weak job numbers and braced for a September rate cut by the U.S. Federal Reserve. The 10-year yield last traded at 3.981%, down 12.3 basis points, while the two-year yield eased to 4.156%. Asian stocks tumbleJapanese stocks dropped 5.8% on Friday as Asia-Pacific markets reacted negatively to the sell-off on Wall Street.
Persons: Russell, Tim Cook, CNBC's Steve Kovach, Brian Olsavsky Organizations: CNBC, Dow Jones Industrial, Nasdaq, Labor Department, Institute for Supply, Treasury, U.S . Federal Reserve, Nikkei, SoftBank, Mitsui, Marubeni, CSI, Services, Apple, Apple Intelligence, Olympics, Tech, CNBC Pro Locations: U.S, Asia, Pacific
Wall Street is even more bullish on Apple after its second-quarter earnings beat analyst expectations. Analysts are focused on a rebound in Chinese iPhone sales and the new iPhone 16. Ives raised his Apple price target to $285 from $275, representing an upside of 30% from Thursday's close. Apple offered guidance for the third quarter, with revenue expected to jump 5% year over year, ahead of Wall Street expectations for revenue growth of 4.3%. Ng raised his Apple price target to $275 from $265, arguing that the iPhone maker was "on the cusp of a multi-year replacement cycle for iPhone."
Persons: Wedbush, , Dan Ives, Ives, Goldman Sachs, Michael Ng, Ng Organizations: Apple, Service, Cook, iPhone, Apple Intelligence, Products Locations: China, Thursday's, Cupertino
CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Stocks retreatU.S. stocks fell sharply on Thursday as weaker-than-expected jobs and manufacturing data sparked concerns about a rapid economic slowdown. The 10-year yield last traded at 3.981%, down 12.3 basis points, while the two-year yield eased to 4.156%. Looking ahead, Apple expects services to grow by about 14%. Apple CEO Tim Cook told CNBC's Steve Kovach the company has increased spending on Apple Intelligence to get it ready by fall.
Persons: Russell, Tim Cook, CNBC's Steve Kovach Organizations: New York Stock Exchange, Wall, CNBC, Dow Jones Industrial, Nasdaq, Labor Department, Institute for Supply, Treasury, U.S . Federal Reserve, Apple, Apple Intelligence, Tech, CNBC Pro Locations: New York City, Stocks
Read previewBillie Eilish has gleefully joined the extended "Brat" universe with her featured spot on "Guess," a fan-favorite track from Charli XCX's latest album. Related storiesNow, with "Guess," Eilish enters as both a foil and hopeful love interest. She sing-raps as if she's responding to Charli's original lyrics, breaking the fourth wall with a seductive wink: "Charli likes boys, but she knows I'd hit it." In the "Guess" remix, Charli tweaks her own verse as a nod to Eilish's new era: "Wear 'em, post 'em, might remix it / Eat it up for lunch, yeah, it's so delicious." Each "Brat" remix is arguably as good as the original, yet distinct and unique in its own right.
Persons: , Billie Eilish, Charli, Eilish, Addison Rae, Robyn, Yung Lean, Rae, Timbaland, Justin Timberlake, Nelly Furtado's, doesn't, — it's, Julia, George, Sophie, Julia Fox, Cook, Charli's fiancé George Daniel, They're, Ariana Grande, Taylor, Mariah Carey, Justin Bieber, they've, it's Organizations: Service, Business Locations: Dua
Whether it's used to help create better content or deliver personalized experiences, generative AI has made a huge impact across countless organizations. CMOs from leading brands reveal how their companies are using AI and the positive impact it's had on the business. Business Insider spoke with dozens of marketing executives at Cannes Lions 2024 as part of our ongoing CMO Insider coverage. In this video, we hear from Kofi Amoo-Gottfried of DoorDash, Elizabeth Rutledge of American Express, Julia White of SAP, Mark Weinstein of Hilton, Kristyn Cook of State Farm, and Carla Hassan of JP Morgan Chase.
Persons: it's, Kofi Amoo, Gottfried of DoorDash, Elizabeth Rutledge, Julia White, Mark Weinstein, Hilton, Kristyn Cook, Carla Hassan, JP Morgan Chase Organizations: Business, Cannes Lions, American Express, SAP, State Farm
However, the expected AI-driven boom in new iPhone sales does represent a clear positive catalyst on the near-term horizon. Products iPhone sales were down slightly in the quarter. Services All-time revenue record, with an all-time record set in developed markets and a June quarter record set in emerging markets. Services are expected to grow at a double-digit rate similar to the rate seen in Apple's fiscal 2024 first quarter. A person poses holding the original iPhone and the new iPhone 15 outside the Fifth Avenue Apple Store in New York City ahead of the launch of Apple’s new iPhone 15, Sept. 22, 2023.
Persons: Apple, iPhones, Tim Cook, we're, Luca Maestri, AirPods, Maestri, Cook, Jim Cramer's, Jim Cramer, Jim, Alexi Rosenfeld Organizations: Apple, Apple Intelligence, . Research, MacBook Air, iPad, Apple Watch, Services, CNBC, Getty Locations: Greater China, China, Spain, Poland, Mexico, Indonesia, Philippines, New York City
Who's in for a block family dinner?" AdvertisementMost people say it takes a village to raise a family, but every village can look different. Each couple would take turns hosting all the kids for a few hours on Saturday morning. But it's especially fun to watch kids on the block cycle through old favorites. AdvertisementOur neighborhood isn't perfect, and sometimes the workload may be uneven, but our neighborhood village supports us and is there for us.
Persons: , Sam, there's, chitchat, Carolyn, Jess Organizations: Service, Business
Apple Intelligence, the company's forthcoming artificial intelligence system, could spur a fresh cycle of iPhone upgrades and hardware sales. One question Cook was willing to partially address was about the company's spending on AI servers. "Embedded in our results this quarter is an increase year over year in the amount we're spending for AI and Apple Intelligence," Cook told CNBC's Steve Kovach on Thursday. The rise in Apple's capital expenditure is tiny compared to its mega-cap peers, such as Microsoft, Google , and Meta . Zuckerberg also wants to ensure that Apple won't fully control the next major technology shift, if it turns out to be AI.
Persons: Tim Cook, Luca Maestri, Cook, CNBC's Steve Kovach, Mark Zuckerberg, Zuckerberg Organizations: Apple Intelligence, OpenAI, CNBC, Apple, Microsoft, Google, Meta, Nvidia
The edamame from Trader Joe's comes ready to eat, so I can just dump it right onto their plates. AdvertisementThe author's daughters love eating Trader Joe's edamame. Courtesy Elliott HarrellThe ready-to-eat protein selection at Trader Joe's makes dinners easyTrader Joe's has a plethora of quick protein options for lightning-quick meal prep. The author says Just Chicken strips from Trader Joe's make dinner easy. The author's daughters love Trader Joe's waffle fries.
Persons: Joe's, Elliott Harrell, Elliott Harrell I've, fryer, edamame Organizations: Service, Business Locations: Turkey
Wall Street careers are notoriously grueling and littered with politicking and jockeying to climb the ranks. AdvertisementNow, these six partners are looking back on their own rise, offering words of wisdom from their own Wall Street origin stories. At Goldman Sachs, the core of who we are in investment banking is M&A. Gene Sykes, cochairman of global M&A and global TMT:Gene Sykes Courtesy of Goldman SachsThe market for M&A advice has evolved over time. Are you a Goldman Sachs or Wall Street insider?
Persons: Goldman Sachs, Alison Mass, Stephan Feldgoise, Dan Dees, Hank Paulson, Tim Ingrassia, Alison, Goldman, Peter Weinberg, Gene Sykes, It's, Mark Sorrell, John Thornton, John Waldron, Karen Cook, Yoel Zaoui, Gregg Lemkau, it's, Jennifer Kopylov, Reed Alexander Organizations: Service, Wall, Partners, Business, US Treasury, Street, Goldman Locations: New York City, London, New York, Europe, American
Bitcoin 2024 attendee wears "Make Bitcoin Great Again" baseball cap. Trump said on Saturday that his campaign has raised $25 million from the crypto industry since it began accepting cryptocurrency donations in May. "Make Bitcoin Great Again" hats displayed for sale at the Bitcoin 2024 conference in Nashville, Tennessee, US, on Saturday, July 27, 2024. "The rules will be written by people who love your industry, not hate your industry," Trump declared that afternoon in the main auditorium as he warmed up the crowd. As Riot's Les put it, "I think the core message that we communicated to President Trump was, 'This is your industry leadership group.
Persons: Donald Trump, Jon Cherry, Donald Trump White, Tyler, Cameron Winklevoss, Paul Grewal —, David Sacks, Cantor Fitzgerald, Howard Lutnick, Cynthia Lummis, Bill Hagerty, Marsha Blackburn, Vivek Ramaswamy —, Kid Rock, Billy Ray Cyrus, Jason Les, Fred Thiel, Zach Bradford, Chris Cook, Amanda Fabiano, Michael Saylor wasn't, Saylor, Trump, That's, Donald Trump's, Les, he's, litigator, Tracy Hoyos, Cyrus strummed, " Hoyos, López, Hoyos, Cyrus, López Trump, Marathon's Thiel, Thiel, David Bailey, Bailey, Sen, Elizabeth Warren, Gary Gensler —, Kamala Harris, Cook, Saturday's, CleanSpark's Bradford, Riot's Les, indoctrinating, Bradford, they've, It's, we're Organizations: Republican, Getty, Music City Center, GOP, Gemini, Trump, U.S ., State Department, Marathon Digital Holdings, CNBC, Music City, Riot, Attorney, Bitcoin, BTC Inc, U.S . Securities, Exchange, US, Bloomberg, indoctrinating Trump, Industry, Mar Locations: Nashville , Tennessee, San Francisco, Nashville, Mar, Lago, U.S, San Bernardino County, López
Apple CEO Tim Cook attends the annual developer conference event at the company's headquarters in Cupertino, California, U.S., June 10, 2024. Apple's third quarter, which ends in June, is traditionally the company's slowest quarter of the year by sales. This year, the "main event" won't be Apple's earnings, wrote Barclays analyst Tim Long, it's what the company says about the September quarter, which is nearly one-third over. Apple revealed Apple Intelligence in June, and the first preview version of some features was released earlier this week. JPMorgan analyst Samik Chatterjee expects Apple to reassure investors that the coming iPhone replacement cycle will include better-than-expected revenue, thanks to AI.
Persons: Tim Cook, Tim Long, Apple doesn't, Long, Raymond James, Srini Pajjuri, Samik Chatterjee, Chatterjee, Apple, Wamsi Mohan, Atif Malik Organizations: Apple, Barclays, Apple Intelligence, Nvidia, JPMorgan, Services, Bank of America Securities, Huawei, IDC, Citi Locations: Cupertino , California, U.S, China
There are 165 apartments on the ship, and we have an average of 200 residents on board. I was previously the general manager for the Intercontinental in Vienna, and before that, I worked for the Four Seasons. The World superyacht in Madagascar The WorldAs it's not a cruise ship, we don't have a captain's table or welcome drinks. We have had politicians and TV stars on board in the past, but we don't divulge any of the ship's residents. The pool deck for The World residents The WorldI'm a great believer that service should be felt but not seen.
Persons: , Thomas Legner, We've, It's, it's, we've, Rembrandt Organizations: Service, Business, Intercontinental, Exclusive Resorts, Staff, Michelin Locations: Vienna, Antarctica, Papua New Guinea, Madagascar, Wadi Rum, Jordan, Fremantle, Australia
Groundbreaking executive White House chef steps down
  + stars: | 2024-07-31 | by ( Betsy Klein | ) edition.cnn.com   time to read: +2 min
CNN —White House executive chef Cristeta Comerford has retired after nearly three decades cooking for five commanders-in-chief and their families, a White House official tells CNN. Comerford cooked for America’s first families over 29 years, including the Clintons, Bushes, Obamas, Trumps and Bidens, overseeing all White House cuisine from family meals to state dinners in the executive chef role. Her last day was Friday, the White House official said. “To be a White House chef, it’s really your temperance that really counts for a lot. In 2005, she was one of about 450 applicants for the executive chef role, which included what she described as a final “cook-off” round.
Persons: CNN —, Cristeta Comerford, Comerford, Clinton, Laura Bush, , Chef Cris, Joe, , Jill Biden, Susie Morrison, it’s, Caesar, cobb Organizations: CNN, CNN — White House, White, White House Locations: White, Pennsylvania, United States, Manila, Chicago, Washington, DC, Vienna, Austria
Along with its S24 series of smartphones, foldable devices, smartwatches and now the Galaxy Ring, Samsung is hoping to lock users into its world of products held together with its suite of artificial intelligence features, known as Galaxy AI. Arjun KharpalOne of the things Samsung said was look, the ring is one product, but we've got the watch, we've got the smartphone. I think that's the right approach for Samsung, I don't think they have unrealistic expectations for volumes on this. And you'd feel like if there was some sort of Apple ring, it would do pretty good volumes. Do you think Samsung is seriously looking at ways to monetize this via subscriptions or other kinds of service business model?
Persons: aren't, Tom Chitty, Ben Wood, Meta's Ray, Arjun, Tom Chitty I've, I've, we've, Arjun Kharpal, let's, It's, That's, it's, you've, they've, there's, they're, someone's, I'm, that's, you'll, Ben Wood It's, smartwatch, Arjun Kharpal Apple's, Ben Wood They've, Tim Cook, He's, who'd, Tom Chitty Diamond, somebody's, who've, wasn't, Samsung hasn't, we'll, Ben, they'll, Will, wearables, Kharpal, Arjun Kharpal Tom, Tom, Tom Chitty We'll Organizations: Samsung, South, Galaxy, CNBC, CCS Insight, Mobile, Apple, Garmin, Apple Watch, U.S, Vision, Samsung Electronics, Google, MWC Locations: South Korean, Paris, France, beyondthevalley@cnbc.com, There's, Finland, London
Léon Marchand turns himself into a French legend
  + stars: | 2024-07-31 | by ( Kyle Feldscher | ) edition.cnn.com   time to read: +5 min
La Défense Arena just outside of Paris was full of French tricolore flags and anticipation as home nation fans waited for Léon. Lé-on!” When he appered on the pool deck, a roar went up and then more chants: “Lé-on! I really used that energy from the crowd,” Marchand said after. Marchand swam an incredible 200m breaststroke to sweep the French crowd off its feet. The French crowd roared.
Persons: Frenchman Léon Marchand, Marchand’s, , Marchand, Milák, Frenchman, Paris Games –, deafening, ” Marchand, Maddie Meyer, , Zac Stubblety, Cook, I’m, Bob Bowman, Michael Phelps, ” Bowman, “ Hope, Bowman, he’s, “ He’s Organizations: France CNN, Défense, Paris Games Locations: Nanterre, France, Paris, , Europe, Tokyo, what’s, Austin , Texas
The risk for dementia dropped by 20%, however, for people who replaced that small daily serving of processed red meat with a daily serving of nuts and legumes. Processed red meats such as bacon, sausage, hot dogs and deli meats often contain higher levels of sodium, nitrates and saturated fat. Each additional serving of processed red meat raised riskAn abstract of the study, which is under review for publication, was presented Wednesday at the 2024 Alzheimer’s Association International Conference in Philadelphia. Red meat intake is limited. Red meat, especially processed red meat as seen here, is linked to an unhealthy heart and brain.
Persons: , Walter Willett, ” Willett, David Katz, Katz, Maria Carrillo, Tanja Ivanova, Yuhan Li, Li, Christopher Gardner, ” Gardner, chia, sprinkle chia Organizations: CNN, Harvard, of Public Health, True Health Initiative, International Conference, Nurses, Alzheimer’s Association, Getty, Division, Network Medicine, Brigham, Women’s Hospital, Stanford Prevention Research, Nutrition Studies Research Locations: Chan, Boston, Philadelphia, bologna, lima, California
But since then, Apple has held its annual Worldwide Developers Conference, where it debuted Apple Intelligence and announced a partnership with ChatGPT. Expect questions about the Apple Intelligence delayApple Intelligence is a hot topic this quarter. AppleBloomberg reported Sunday that Apple Intelligence won't begin rolling out in September, as Apple first announced. AFP/Getty ImagesChina was a hot topic during Apple's last earnings call, and it should be no different this time. AdvertisementApple talked about how well its services were doing in Q2, and Kerwin said analysts will be looking for continued "double-digit growth for the services business."
Persons: , Gene, WWDC, Munster, Tim Cook, We're, William Kerwin, Cook, Dan Ives, Dave Johnson, Kerwin Organizations: Service, Apple, Developers, Apple Intelligence, ChatGPT, Business, Apple Bloomberg, Management, Gene Munster, China Apple, Getty, Morningstar, Huawei, Street, Wedbush Securities, Google Locations: China, Europe, Shanghai, AFP
For the first hour of a heavy-training day, Crouser focuses on stretching and getting his body moving. In the second half of the day, Crouser does a "sprint plyometric workout," including sprints of up to 40 meters, to work on acceleration, he said. On an average day, Crouser might eat:Five eggs, a quarter-pound turkey sausage, cheese, one cup of oats with flaxseeds, and one cup of berries. Mindset training is Crouser's key to successCrouser puts in countless hours of training but will have only six throws at the Olympics. When Crouser does this exercise, it helps his body enter a flow state so it does what he's prepared it to do, he said.
Persons: Ryan Crouser, Crouser, , it's, I've, he's Organizations: Olympic, Service, Summer Locations: Paris, prehab, Thorne
Kamala Harris and the Race for Congress
  + stars: | 2024-07-29 | by ( German Lopez | ) www.nytimes.com   time to read: +1 min
With President Biden out of the 2024 race, Democrats aren’t just hoping to win the presidency. He ran behind congressional Democrats in polls. He could have cost his party otherwise winnable House and Senate races by causing Democratic-leaning voters to stay home. “And so they might not have shown up.”Much of what Kamala Harris and Donald Trump would do as president depends on which party controls Congress. The race for the Senate favors Republicans, but if Democrats forestall a wipeout, they could at least limit the G.O.P.’s agenda.
Persons: Biden, aren’t, , Amy Walter, Kamala Harris, Donald Trump Organizations: Senate, Democratic, Democrat
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