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☆ Alphabet shares plummet after cloud revenue falls short. What the pros say to do next
▼ + stars: | 2023-10-25 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAlphabet shares plummet after cloud revenue falls short. What the pros say to do nextJim Cramer, veteran tech investor Paul Meeks, Michael Morris of Guggenheim Securities, Stephanie Link of Hightower Advisors and Jason Snipe of Odyssey Capital Advisors discussed Alphabet after the company reported third-quarter results that beat on the top and bottom lines but missed on cloud revenue estimates.

Persons: Jim Cramer, Paul Meeks, Michael Morris, Stephanie Link, Jason Snipe Organizations: Guggenheim Securities, Hightower Advisors, Odyssey Capital

☆ Opinion: What violent threats against the Jim Jordan holdouts tell us about the GOP
▼ + stars: | 2023-10-21 | by ( Opinion John Avlon | ) edition.cnn.com time to read: +7 min

The failed full-court press to install Republican Rep. Jim Jordan as House Speaker revealed ugly examples of how violent threats are becoming normalized inside Trump’s GOP. According to Rep. Steve Womack of Arkansas, the strategy behind the threats is to “Attack, attack, attack. In the run-up to that attack, members of the Proud Boys even bragged that they could dress up as Antifa. In the next breath, however, he says that the war in Israel creates moral urgency to push through a Jim Jordan speakership. Any sense that this was a random unhinged person without a partisan political agenda was demolished by his demand that the congressman vote for “Jim Jordan or more conservative.” This caller has explicit right-wing ideological demands.

Persons: John Avlon, “, Jim Jordan, Mariannette Miller, Meeks, Jordan, Ken Buck, Colorado, he’d, Steve Womack, “ It’s, —, Jake Tapper’s, ” It’s, bender, That’s, Jim Jordan speakership, doesn’t, ”, Trump, Trump’s, Liz Cheney, Scott Perry, Scott Perry of Pennsylvania, Jake Sherman, Rep, Warren Davidson, Donald Trump’s, Utah Sen, Mitt Romney, Jordan couldn’t Organizations: CNN, Republican, GOP, ”, NBC, Republicans, Capitol, Trump, Rep, Punchbowl News, Ohio, Republican Party, Utah Locations: “ Lincoln, Iowa, Arkansas, Israel, Scott Perry of

WASHINGTON (AP) — Despite deepening opposition, Rep. Jim Jordan is expected to try a third vote to become House speaker, even as his Republican colleagues are explicitly warning the hard-edged ally of Donald Trump that no more threats or promises can win over their support. After two failed votes, Jordan's third attempt at the gavel is not expected to end any better. Jordan had backed the temporary speaker plan as a way to allow more time to shore up support in his own reach for the gavel. What this majority has done is prove it’s not a normal majority.”What was clear was that Jordan’s path to become House speaker was almost certainly collapsing. With Republicans in majority control of the House, 221-212, it appears there is no Republican candidate who can win a clear majority, 217 votes, to become speaker.

Persons: Jim Jordan, Donald Trump, Kevin McCarthy, Jordan, —, “ I’m, ”, Carlos Gimenez, Gimenez, Patrick McHenry, Jordan's, “, Chip Roy, We’re, Tom Cole, John Rutherford, “ it’s, Mariannette Miller, Meeks, Matt Gaetz, McCarthy, Gaetz, McHenry, ” McCarthy, Trump Organizations: WASHINGTON, Caucus, . House, Republican, Republicans, D.C, Democrats, North Carolina Republican, GOP, Trump, Biden, Ohio State University, Ohio State Locations: Jordan, Texas, R, Ohio, Iowa, Florida, Washington, McHenry

The House is tentatively set to convene sometime Thursday afternoon for Jordan to try again. The impasse has left some Republican lawmakers settling in for a protracted stretch without a House speaker. Political Cartoons View All 1211 ImagesWhat was clear was that Jordan's path to become House speaker was almost certainly lost. “The way out is that Jim Jordan has got to pull his name," said Rep. Don Bacon, R-Neb., who voted twice against him. With Republicans in majority control of the House, 221-212, Jordan must pick up most of his GOP foes to win.

Persons: —, Jim Jordan, Donald Trump, Jordan, “, ”, Kevin Hern, Patrick McHenry, ” Jordan, Kevin McCarthy, Don Bacon, “ He’s, McCarthy, Hakeem Jeffries, Steve Scalise, Newt Gingrich, John Boehner, ” Jeffries, McHenry, ” McHenry, Joe Biden, Mariannette Miller, Meeks, Biden, Scalise, Boehner, Trump, Kevin Freking, Mary Clare Jalonick Organizations: WASHINGTON, Republican, GOP, Republicans, Capitol, Democratic, Trump, Biden, Ohio State University, Ohio State, Associated Press Locations: R, Ohio, Israel, Jordan, New York, McHenry, Iowa, Ukraine

The wife of Rep. Don Bacon, R-Neb., has received anonymous, threatening text messages this week pressuring her to persuade her husband to support Jordan. Rep. Steve Womack, R-Ark., said his staffers have been "cussed out" in phone calls from Jordan supporters. But the bloc of roughly 20 anti-Jordan Republicans say that they aren't caving and that the hardball tactics are backfiring. Moments after Jordan was rejected on a second ballot for speaker Wednesday, Gimenez recounted a tense phone call with Jordan on Tuesday. Gimenez told reporters just off the House floor.

Persons: Jim Jordan, Jim Jordan's, Republican holdouts, Jordan, Don Bacon, Rep, Steve Womack, Carlos Gimenez, Jordan robocalls, Mariannette Miller, Meeks, she'd, Miller, Gimenez, they're, he's, you've, I'd, —, Kevin McCarthy, Jordan's Organizations: U.S, Capitol, Republican, GOP, Jordan Republicans Locations: Rayburn, Washington ,, Ohio, South Florida, Iowa

The anonymous text messages warned her husband – who has been a vocal holdout against Jordan – to back the Ohio Republican. Jordan on Wednesday condemned the death threats, saying “it’s just wrong.”“It should never happen,” Jordan said as he left his office Wednesday night. Womack derided what he called the “attack, attack, attack” tactics of Jordan allies against his Republican opponents. “Frankly, just based on what I’ve been through – I can only speak to myself and what my staff has been through over the last 24 or 48 hours – it is obvious what the strategy has been: Attack, attack, attack. There have also been pro-Jordan robocalls targeting voters in Rep. Carlos Gimenez’s district as well as other members’ district, according to the Florida Republican’s office.

Persons: Jim Jordan’s, Mariannette Miller, Meeks, Kay Granger, Nick LaLota, Steve Womack, Arkansas, there’s, Don Bacon’s, –, Jordan –, “, ”, won’t, ” Jordan, Kevin McCarthy’s, Jordan, “ it’s, “ It’s, It’s, Womack, Carlos Gimenez’s, Gimenez, McCarthy, Steve Scalise’s, Scalise Organizations: CNN, GOP, . New York Rep, ”, Nebraska Rep, Ohio Republican, House Republican, Wednesday, Republicans, Conservative, Republican, Rep Locations: Iowa, Jordan, ’, Florida

☆ What new U.S. export controls on China mean for Nvidia and other key parts of AI ecosystem
▼ + stars: | 2023-10-19 | by ( Samantha Subin | ) www.cnbc.com time to read: +6 min

Washington's tightened grip on artificial intelligence chip sales to China could have long-term implications for Nvidia , 2023's famed AI darling. Through Wednesday's close, Nvidia, the dominant AI player, had lost 7% this week, while Advanced Micro Devices and Marvell Technology slumped more than 2%. What it means for Nvidia Nvidia said in an SEC filing this week that the latest government curbs could hinder its new product development timeline, and a handful of chip models. The major aim of the latest U.S. restrictions is to prevent China from harnessing advanced semiconductor chips to strengthen its military. To be sure, Nvidia isn't the only company slated to feel the pressure from the latest export curbs.

Persons: Greg Bassuk, Atif Malik, Morgan Stanley's Joseph Moore, Malik, America's Vivek Arya, Harlan Sur, Goldman Sachs, Toshiya Hari, Paul Meeks, Meeks, Charles Shi, JPMorgan's, Raymond James, Srini Pajjuri, Michael Bloom Organizations: Nvidia, U.S . Commerce Department, Devices, Marvell Technology, Commerce Department, Micron Technology, AXS Investments, Nvidia Nvidia, SEC, United, United Arab Emirates, Citi, Intel, Investments, Bank, America's, JPMorgan Chase, Lam Locations: China, Boise , Idaho, Vietnam, Saudi Arabia, United Arab, Freemont , California

☆ 2 GOP members of Congress said they received death threats after voting against Jim Jordan as speaker
▼ + stars: | 2023-10-19 | by ( Madison Hall | ) www.businessinsider.com time to read: +3 min

Reps. Mariannette Miller-Meeks and Nick LaLota voted against Jim Jordan for speaker on Wednesday. AdvertisementAdvertisementTwo Republican representatives said they've received death threats since they voted against fellow GOP Rep. Jim Jordan for speaker of the House. "My vote card belongs to me and the people of NY's First Congressional District," LaLota wrote. In response to the series of threats and vitriol spewed at Miller-Meeks, LaLota, and Bacon in recent days, Jordan wrote online that he condemns "all threats against our colleagues." That first occurred on Tuesday, when 18 Republicans voted for candidates other than Jordan and sunk his first speaker bid.

Persons: Mariannette Miller, Meeks, Nick LaLota, Jim Jordan, Don Bacon, —, they've, Jordan's, Lee Zeldin, LaLota, Miller, Angie, Jordan, Bacon Organizations: Service, GOP, New York Rep, Congressional, WTC Health Fund, Flood Insurance, Politico, Republican Rep, Miller, Washington Post Locations: Jordan

☆ US House lawmaker receives death threats after voting against Jordan for speaker
▼ + stars: | 2023-10-18 | by ( Moira Warburton | ) www.reuters.com time to read: +2 min

Rep. Mariannette Miller-Meeks, R-Iowa, speaks during a House Select Subcommittee on the Coronavirus Crisis hearing on Capitol Hill in Washington, U.S., May 19, 2021. Susan Walsh/Pool via REUTERS/File Photo Acquire Licensing RightsWASHINGTON, Oct 18 (Reuters) - U.S. Representative Mariannette Miller-Meeks has received "credible death threats," she said in a statement on Wednesday, after voting against Representative Jim Jordan for speaker of the U.S. House of Representatives. Since then, Miller-Meeks said in a statement, she has received "a barrage of threatening calls" in addition to multiple death threats. "I did not stand for bullies before I voted for Chairwoman Granger and when I voted for Speaker designee Jordan, and I will not bend to bullies now." "We condemn all threats against our colleagues and it is imperative that we come together," Jordan said in a post on X, formerly known as Twitter.

Persons: Mariannette Miller, Meeks, Susan Walsh, Jim Jordan, Jordan, Miller, Kay Granger, Granger, designee Jordan, Mario Diaz, Moira Warburton, Noeleen Walder, Christopher Cushing Organizations: Capitol, Rights, U.S . House, Republican, Thomson Locations: Iowa, Washington , U.S, Washington

Former Vice President Mike Pence is having an unusually quiet week on the trail after filing a finance report showing his campaign facing money troubles. The usually busy Pence campaign’s only public event this week was a pre-planned Tuesday Newsmax town hall in Windsor Heights, Iowa . Instead, the Pence campaign says he will be in Dallas for private fundraisers and a Republican National Committee event. That puts a serious strain on the day-to-day operations of the campaign — and what's more, Pence also faces a sprint to amass the 70,000 unique donors needed to qualify for the Nov. 8 GOP presidential debate. His campaign has not yet commented on how close it is to meeting the donor threshold, which was a struggle for Pence in the lead-up to the first GOP debate in August.

Persons: Mike Pence, Pence, Mariannette Miller, Meeks, Nikki Haley, Sen, Tim Scott, Vivek Ramaswamy, Ron DeSantis, Doug Burgum Organizations: GOP, Florida Gov, North Dakota Gov, Republican National Committee Locations: Windsor Heights , Iowa, Iowa, Florida, Dallas

On Tuesday, 20 Republicans voted against his candidacy – far more than the handful he could afford to lose given the party’s narrow majority in Congress. These are the House Republicans who voted against Jordan in each ballot:First ballot1. Don Bacon of Nebraska voted for former House Speaker Kevin McCarthy2. Anthony D’Esposito of New York voted for former Rep. Lee Zeldin of New York4. Kelly voted for former House Speaker John Boehner15.

Persons: Jim Jordan of, Jordan –, Kevin McCarthy’s, Jordan, Don Bacon of Nebraska, Kevin McCarthy, Lori Chavez, McCarthy, Anthony D’Esposito, Lee Zeldin, Mario Diaz, Steve Scalise, Jake Ellzey, Mike Garcia, Andrew Garbarino, Carlos Gimenez, Tony Gonzales, Kay Granger, Mike Kelly, Jennifer Kiggans, Nick LaLota, Mike Lawler, John Rutherford of, Mike Simpson, Steve Womack, Ken Buck, Tom Emmer, John James of Michigan, Tom Cole, Doug LaMalfa, Victoria Spartz, Thomas Massie of, Bacon, Vern Buchanan, Byron Donalds, Buck, Chavez, DeRemer, D’Esposito, Diaz, Balart, Ellzey, Garcia, Drew Ferguson, Garbarino, Gimenez, Gonzales, Granger, James, Candice Miller, Kelly, John Boehner, Kiggans, Lawler, LaLota, Mariannette Miller, Meeks, Rutherford, Simpson, Pete Stauber, Bruce Westerman, Womack Organizations: Washington CNN — Republican, House Republicans, New York, Michigan Locations: Jim Jordan of Ohio, Oregon, New, New York, Florida, Louisiana, Texas, California, Virginia, John Rutherford of Florida, Idaho, Arkansas, Colorado, Minnesota, Oklahoma, Indiana, Thomas Massie of Kentucky, Georgia, Iowa

REUTERS/Jonathan Ernst Acquire Licensing RightsWASHINGTON, Oct 12 (Reuters) - Despite Israeli bombardment that has brought Gaza to the brink of a humanitarian meltdown, U.S. President Joe Biden is facing little pressure at home to rein in Israel's military retaliation for an unprecedented attack by Palestinian Hamas militants. Republicans have shown near-unanimity in backing whatever military action Israel decides to take after suffering the deadliest attack on its soil in decades. Though polls continue to show overwhelming sympathy for Israel among the overall U.S. public, a Gallup survey in March found that Democrats were slightly more favorable toward the Palestinians than Israel. Biden, an avowed lifelong friend of Israel, has pledged to provide Israel with all the assistance it needs. A White House official said Biden's aides have privately discussed their concerns with Israeli counterparts.

Persons: Joe Biden, Benjamin Netanyahu, Jonathan Ernst, Biden, Israel, excoriate, Gregory Meeks, Rashida Tlaib, Karine Jean, Pierre, ”, Antony Blinken, Netanyahu, Washington’s, Khaled Elgindy, Jeremy Ben, Ami, Matt Spetalnick, Patricia Zengerle, Jeff Mason, Simon Lewis, Steve Holland, Gerry Doyle Organizations: Israeli, White, REUTERS, Rights, Israel, Democratic Party, Republicans, Democratic, House Foreign Relations, American, White House Press, Gallup, Biden, AIPAC, Middle East Institute, Reuters, Thomson Locations: Israel, Washington , U.S, Gaza, Palestinian, U.S, New York, Washington, Washington . U.S, Saudi Arabia

Leaders of the House Foreign Affairs Committee introduced a bipartisan resolution Tuesday, with the backing of nearly 400 lawmakers, expressing support for Israel after a surprise attack over the weekend by Hamas. House Republicans are set to hold a candidate forum Tuesday evening before holding an internal speaker election and chamber-wide vote in the following days. But the conflict in Israel has added urgency to the election, with limited ability to show support or provide aid without a speaker. “Israel is responding to the Hamas terror organization’s unprecedented attack,” Rep. Gregory Meeks, the top Democrat on the foreign affairs committee said. Political Cartoons on Congress View All 254 ImagesThough the legislation has widespread support, its speedy passage likely depends on the quick resolution of the speaker election.

Persons: Israel, Michael McCaul, Kevin McCarthy’s, “, Gregory Meeks, ”, McCaul Organizations: House Foreign Affairs, Israel, ”, Republicans, . House, Iran Locations: United States, Iran, Israel, “ Israel

Still, many lawmakers acknowledge that winning approval for Ukraine assistance in Congress is growing more difficult as the war between Russia and Ukraine grinds on. Then, on Saturday, House Speaker Kevin McCarthy omitted additional Ukraine aid from a measure to keep the government running until Nov. 17. In the Senate, both Schumer and Senate Republican Leader Mitch McConnell pledged to move quickly to try and pass the full White House request. “Majorities in both parties support Ukraine aid, and doing more is vital for America’s security and for democracy around the world.”Leading up to Saturday's vote, Pentagon officials expressed alarm at the prospect of no extra funding for Ukraine. “Every day that goes by that we don’t get the additional money is a day Russia gets closer to being capable of winning this war,” Murphy said.

Persons: Joe Biden's, Kevin McCarthy, Volodymyr Zelenskyy, Chuck Schumer, “, ” Schumer, McCarthy, ” McCarthy, Schumer, Mitch McConnell, House . Florida Sen, Rick Scott, ”, Scott, Michael McCord, ” McCord, Mike Rogers, that's, you've, ” Rogers, Gregory Meeks, Zelenskyy, ” Meeks, Donald Trump, Biden, Sen, Chris Murphy, Conn, ” Murphy, Jim Risch of, ” Risch, Stephen Groves, Mary Clare Jalonick Organizations: WASHINGTON, Republicans, Senate, White, Russia, Republican, Capitol, Ukrainian, ”, House ., Pentagon, Ukraine, House Armed Services Committee, Rep, House Foreign Affairs, FBI, IRS, Justice Department “, Biden, Senate Foreign Relations, Associated Press Locations: Ukraine, Russia, United States, House, House . Florida, U.S, Jim Risch of Idaho

☆ After a rough third quarter, here's what to expect from technology stocks into the end of 2023
▼ + stars: | 2023-10-01 | by ( Samantha Subin | ) www.cnbc.com time to read: +8 min

2023's surge in technology stocks fizzled in September as rising rates put a heavy dent in the artificial intelligence-fueled rally . Over the next few weeks, Deepwater Asset Management's Gene Munster is keeping an eye on September's consumer price index and nonfarm payrolls report ahead of the start of big technology earnings later in the month. "The good news is that this should right itself once the September quarter earnings come up." Sean Sun, a portfolio manager at Thornburg Investment Management, likened the earnings season to a "gut check" on AI beneficiaries. But these drawdowns could offer opportunities for long-term investors to snatch up technology bets at bargain prices, said Nancy Tengler.

Persons: what's, behemoths, Street's, Gene Munster, Erika Klauer, Sean Sun, Paul Meeks, Nancy Tengler, Meeks, Klauer Organizations: Nasdaq, Reserve, Enphase, Lucid, ASML, Netflix, Apple, Microsoft, Devices, Nvidia, Tech, Thornburg Investment Management, Laffer, Investments, ServiceNow, Adobe, Broadcom, Oracle, Meta, Jennison, AMD

☆ Biden says there's 'not much time' to keep aid flowing to Ukraine and Congress must 'stop the games'
▼ + stars: | 2023-10-01 | by ( ) www.cnbc.com time to read: +7 min

Biden urged Congress to negotiate an aid package as soon as possible. "The vast majority of both parties — Democrats and Republicans, Senate and House — support helping Ukraine and the brutal aggression that is being thrust upon them by Russia," Biden said. The money later was approved separately, but opponents of Ukraine support celebrated their growing numbers. Then, on Saturday, House Speaker Kevin McCarthy, R-Calif., omitted additional Ukraine aid from a measure to keep the government running until Nov. 17. Biden said that deal was made to keep the government running and he worked to reassure U.S. allies additional funding would be there.

Persons: Joe Biden, John McCain, Biden, Roosevelt, Kevin McCarthy, Josep Borrell, Volodymyr Zelenskyy, Chuck Schumer, Schumer, McCarthy, Mitch McConnell, House . Florida Sen, Rick Scott, Scott, Mike Rogers, that's, you've, Rogers, Gregory Meeks, Zelenskyy, Meeks, Donald Trump Organizations: Tempe Center, Arts, Sunday, Ukraine, Russia, — Democrats, Republicans, Senate, House, White, Democrat, Republican, Union, Capitol, Ukrainian, House ., Alabama, House Armed Services Committee, Pentagon, Rep, House Foreign Affairs, FBI, IRS, Justice Department, Biden Locations: Tempe , Arizona, Ukraine, Russia, Kyiv, U.S, United States, Kentucky, House, House . Florida

Senator Ben Cardin (D-MD) speaks at a committee meeting after assuming the chairmanship of the Senate Foreign Relations Committee at the U.S. Capitol on Capitol Hill in Washington, U.S., September 28, 2023. REUTERS/Craig Hudson/File Photo Acquire Licensing RightsWASHINGTON, Sept 30 (Reuters) - The chairman of the U.S. Senate Foreign Relations Committee vowed on Saturday to block military aid and arms sales to Egypt if it does not take concrete steps to improve human rights in the country. Much of the aid has been withheld in recent years over concerns about human rights abuses under the government of President Abdel Fattah al-Sisi. But President Joe Biden's administration announced this month it had decided to waive human rights restrictions on $235 million of the aid, citing security benefits to the U.S. It is currently withholding $85 million of the aid, a fraction of the $1.3 billion a year allocated for Egypt.

Persons: Ben Cardin, Craig Hudson, Gregory Meeks, Bob Menendez, Menendez, Cardin, Abdel Fattah al, Joe Biden's, Matt Spetalnick, Patricia Zengerle, Daniel Wallis Organizations: Senate Foreign, U.S, Capitol, REUTERS, Rights, U.S . Senate Foreign, Democratic U.S, Representatives Foreign, State Department, Senate Foreign Relations Committee, Democratic, Washington, Thomson Locations: Washington , U.S, Egypt, Washington, Israel

☆ Senior Senate Democrat Threatens to Block Military Aid to Egypt on Human Rights Grounds
▼ + stars: | 2023-09-30 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +2 min

By Matt Spetalnick and Patricia ZengerleWASHINGTON (Reuters) -The chairman of the U.S. Senate Foreign Relations Committee vowed on Saturday to block military aid and arms sales to Egypt if it does not take concrete steps to improve human rights in the country. Senator Ben Cardin issued the threat in a statement, saying "it is imperative that we continue to hold the government of Egypt, and all governments, accountable for their human rights violations." Much of the aid has been withheld in recent years over concerns about human rights abuses under the government of President Abdel Fattah al-Sisi. But President Joe Biden's administration announced this month it had decided to waive human rights restrictions on $235 million of the aid, citing security benefits to the U.S. It is currently withholding $85 million of the aid, a fraction of the $1.3 billion a year allocated for Egypt.

Persons: Matt Spetalnick, Patricia Zengerle WASHINGTON, Ben Cardin, Gregory Meeks, Bob Menendez, Menendez, Cardin, Abdel Fattah al, Joe Biden's, Patricia Zengerle, Daniel Wallis Organizations: U.S . Senate Foreign, Democratic U.S, U.S, Representatives Foreign, State Department, Senate Foreign Relations Committee, Democratic, Washington, Egypt Locations: Egypt, Washington, Israel

☆ Wall Street may be overlooking a key AI investing area and these potential winners
▼ + stars: | 2023-09-28 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Wall Street may be underestimating the potential for one major investing area to underpin generative artificial intelligence models: data. Now, as Wall Street has begun evaluating the secondary and tertiary winners of this long fight, investors may want to search for the data companies that also could triumph. Finding the data winners Engineers rely on data to train AI models, improve their performance and create a productive and relevant technology used by millions of consumers. "Right now, AI for them is an expense because they've got to train the models," he said. The median Wall Street price target on Oracle implies about 24% upside for the stock, which has already jumped 28% in 2023.

Persons: Raimo Lenschow, Paul Meeks, they've, Meeks, Snowflake, Michael Bloom Organizations: Nvidia, Microsoft, Nasdaq, Barclays, Solutions Wealth Management, Oracle, ServiceNow, Intuit, Companies, HSBC Locations: Salesforce

☆ We may be able to skip through '24 without a recession, says Independent Solutions' Paul Meeks
▼ + stars: | 2023-09-26 | 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 EmailWe may be able to skip through '24 without a recession, says Independent Solutions' Paul MeeksPaul Meeks, Independent Solutions Wealth Management portfolio manager, joins 'Squawk on the Street' to discuss his broad take on equity markets, how regulatory actions from the government may impact certain stocks, and more.

Persons: Paul Meeks Paul Meeks Organizations: Solutions, Solutions Wealth Management

☆ House Foreign Affairs Committee will hold a hearing next week on repealing the law that made the 2003 Iraq invasion possible
▼ + stars: | 2023-09-20 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

The House Foreign Affairs Committee will hold a hearing next Thursday on AUMFs. That tees up a potential repeal of the more than 20-year-old law, which authorized the Iraq war. The Senate easily passed a bill to do just that earlier this year, but it's stalled in the House. AdvertisementAdvertisementThe effort to repeal the Iraq war powers has been stalled for months in the House, largely owing to the opposition of defense-minded Republicans on key committees. But dozens of House Republicans also voted for the bill.

Persons: it's, Leslie Shedd, Ken Buck, Gregory Meeks, Saddam Hussein Organizations: Foreign Affairs, Senate, Service, Iraq, Caucus, House Republicans, Republican Rep, Democratic, Democrats, Republicans, ISIS Locations: Iraq, Wall, Silicon, United States, Colorado, New York

The administration said it would redirect $55 million worth of that funding to Taiwan and $30 million to Lebanon, the sources said. However, the administration will allow Cairo to access $235 million of the total of $320 million in foreign military financing that is conditioned on human rights issues, a senior State Department official said Thursday. The US provides more than $1 billion in foreign military financing to Egypt and the vast majority of it is not conditional. “Our position on the very serious human rights situation in Egypt absolutely has not changed and we’re going to continue to raise those issues in Egypt consistently and at the most senior levels,” they added. “The Secretary is determined that Egypt has not fulfilled his conditions and therefore we are reprogramming that 85 million,” the official said.

Persons: CNN —, Biden, Antony Blinken “, ”, Antony Blinken, “, Gregory Meeks Organizations: CNN, State Department, Street Journal, Foreign Affairs, House Foreign, Administration Locations: Egypt, Taiwan, Lebanon, Cairo, U.S, China

☆ Top tech investor Paul Meeks says he'd buy these tech stocks once the dip runs its course
▼ + stars: | 2023-09-12 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Tech investor Paul Meeks said he's looking to buy into the weakness surrounding tech stocks — once the correction has run its course. The S & P 500 has rallied hard for most of this year on the strength of tech stocks. "I don't know if you buy it today, but once it this this dip in the video shares is exhausted itself. Meta and Alphabet: The two companies are likely to see a "nice rebound" in digital advertising as they dominate the market, Meeks said. Amazon: Meeks said Amazon is his favorite of all the mega-cap U.S. tech stocks, because of the rebound in its cloud business in the United States.

Persons: Paul Meeks, Meeks, Stock, Meek, CNBC's, it's Organizations: Tech, Nasdaq, Fed, Nvidia, Meta, Oracle, Devices, Microsoft, Arista Networks, Palo Alto Networks, Networks Locations: United States

☆ Nasdaq just posted its worst month since December. How the smart money played it
▼ + stars: | 2023-09-06 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

The tech-dominated Nasdaq Composite and Nasdaq-100 indexes notched their worst month of the year in August, and their weakest performance since December 2022. Last month's pullback came as no shock to many veteran technology investors. Big August losers included popular AI-connected names Marvell Technology and Advanced Micro Devices , which shed more than 10% and 7%, respectively. Building small positions Amid the August pullback, Meeks built positions in some favored AI names. MRVL 1M mountain Marvell Technology shares pull back Munster used August's volatility to scoop up some shares of Etsy .

Persons: Paul Meeks, who's, we've, Meeks, Fortinet, Gene Munster, he's, Greg Bassuk, Bassuk Organizations: Nasdaq, Nvidia, Marvell Technology, Devices, Meta, Apple, Marvell, Broadcom, Taiwan Semiconductor, Cadence Design Systems, Munster, AXS Locations: Etsy

☆ Nvidia isn't the only game in town. Investors advise against overlooking these other AI beneficiaries
▼ + stars: | 2023-09-04 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

Nvidia can't stop stunning Wall Street and the investing community in 2023, but portfolio managers say don't let the excitement overshadow other potential AI winners. "Theme after theme, transition after transition, the strong usually gets stronger," said Paul Meeks, portfolio manager at Independent Solutions Wealth Management. Some retail and professional investors seemed to interpret the news as a sign that it's "game over" for some of the other AI chipmakers, Forrest said. Forrest, who's on the hunt for growth at a reasonable price, points to companies like Advanced Micro Devices, Micron Technology . On the AI chip theme, Meeks also points to Broadcom , Marvell Technology and Taiwan Semiconductor , a major supplier for Nvidia, as other ways to play the trend.

Persons: Paul Meeks, there's, Kim Forrest, Forrest, who's, Meeks, chipmaker, Capital Management's JoAnne Feeney, Feeney, it's Organizations: Nvidia, Independent Solutions Wealth Management, Intel, Devices, Broadcom, Marvell Technology, Bokeh Capital Partners, Micron Technology, AMD MU, AMD, MU, Taiwan Semiconductor, Capital, Google

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