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☆ Here are Friday's biggest analyst calls: Nvidia, Tesla, Hasbro, Sunrun, Amazon, Costco, Spotify, Pinterest, Apple & more
▼ + stars: | 2024-06-14 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Piper Sandler reiterates Pinterest as a top pick Piper said it's sticking with its overweight rating on the stock. JPMorgan reiterates Amazon as overweight JPMorgan said the e-commerce giant remains a top pick at the firm. The firm also says it's sticking with its outperform rating on Apple. "We are reiterating our Buy rating and raising our price target on shares of Costco from $890 to $940." Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it's sticking with its overweight rating on Tesla .

Persons: Bernstein, it's, D.A, Davidson, KBW, Tesla, underperform Bernstein, Musk, Piper Sandler, Pinterest, Piper, Evercore, Morgan Stanley, Sunrun, Guggenheim, Macquarie, Roblox, TD Cowen, Cowen, Michael Colglazier, Morgan Stanley downgrades Twilio, JPMorgan, GenAI, Wolfe, Elon Organizations: Bank of America, Elon, Spotify, UBS, TPC, Galactic, America, JPMorgan, Adobe, " Bank of America, Hasbro, of America, Monopoly, Apple, Baidu, Apple Intelligence, Costco, Nvidia, Tesla Locations: China

☆ Wall Street expects Apple's AI updates to power a strong upgrade cycle
▼ + stars: | 2024-06-11 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Davidson's Gil Luria to upgrade shares to a buy. Apple shares have lagged major technology peers this year due in part to its failure to share a clear-cut AI plan. Goldman Sachs analyst Michael Ng was "encouraged by the financial implications" of the announcements, noting that new product features should help fuel an iPhone upgrade cycle . Lingering skepticism To be sure, other analysts worry that Apple's AI prospects may not be enough to power significant upgrades. "Contrary to consensus, we maintain the view that Apple's AI strategy will not lead to a significant iPhone upgrade cycle this fall."

Persons: Tim Cook, Siri, D.A, Davidson's Gil Luria, Luria, Goldman Sachs, Michael Ng, Morgan Stanley's Erik Woodring, Woodring, Toni Sacconaghi, Atif Malik, OpenAI, Evercore ISI's Amit Daryanani, Apple's, David Vogt, Tim Long, Long Organizations: Apple, Worldwide, Apple Intelligence, Napster, Citigroup, UBS, Barclays

☆ Here are Tuesday's biggest analyst calls: Apple, Nvidia, Uber, Shopify, Tesla, Ford, Alphabet, Pepsi, Broadcom & more
▼ + stars: | 2024-06-11 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Morgan Stanley reiterates Apple as overweight Morgan Stanley said it's sticking with its overweight rating following the company's Worldwide Developers Conference. Baird reiterates Tesla as outperform Baird said it's sticking with its outperform rating heading into Thursday's shareholder meeting. "We are initiating coverage of Bitdeer Technologies Group (BTDR) with an Overweight rating and $13 PT." We argue the former, initiating coverage with an Outperform rating and $50 TP." Barclays reiterates PepsiCo as overweight Barclays said it's sticking with its overweight rating on the stock despite a bumpy macro in the salty snacks category.

Persons: Morgan Stanley, Apple, WWDC, Oppenheimer, Ford, Baird, Tesla, Evercore, Cantor Fitzgerald, Cantor, Piper Sandler, Piper, it's, it's bullish, Bernstein, BTIG, D.A, Davidson, Citi, Uber Organizations: Nets, Apple, JPMorgan downgrades, JPMorgan, Nvidia, Bitdeer, Bitdeer Technologies, Citi, Broadcom, VMware, Barclays, DA, PepsiCo Locations: JPMorgan downgrades Cleveland, Cleveland, Delaware, China

☆ Davidson upgrades Apple, says iPhone maker will be first to get people to really use AI
▼ + stars: | 2024-06-11 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Davidson thinks the artificial intelligence plans Apple unveiled on Monday will lead to a new era for the iPhone and open up possibilities for the tech company as it asserts itself in the AI race. Analyst Gil Luria upgraded Apple to buy and raised his price target to $230 per share from $200, which suggests a roughly 19% upside from Monday's $193.12 close. Luria's upgrade comes on the heels of Apple's announcement of its long-awaited generative AI initiatives , which it calls "Apple Intelligence," at its Worldwide Developers Conference, or WWDC, on Monday. That could lead to a much-needed iPhone upgrade cycle, Luria said, raising his fiscal year 2025 estimates above consensus on the expectation of an AI-driven boost for the smartphone maker. "Importantly, Apple is uniquely positioned to offer these capabilities, and may be the only one capable of doing so any time soon," Luria added.

Persons: D.A, Davidson, Gil Luria, Max, Luria, Apple, Siri Organizations: Apple, Apple Intelligence, Worldwide Developers Conference, Napster

☆ T20 World Cup: Pakistan suffer thrilling six-run defeat to rivals India to leave hopes in jeopardy
▼ + stars: | 2024-06-10 | by ( Megan Wellens | ) www.cnbc.com time to read: +2 min

NEW YORK, NEW YORK - JUNE 09: Virat Kohli and Mohammed Siraj of India celebrates following the team's victory in the ICC Men's T20 Cricket World Cup West Indies & USA 2024 match between India and Pakistan at Nassau County International Cricket Stadium on June 09, 2024 in New York, New York. (Photo by Alex Davidson-ICC/ICC via Getty Images)India dealt a cruel blow to rivals Pakistan's T20 World Cup hopes with a thrilling six-run victory in New York. However, the Pakistan batting attack fell apart under the pressure and from 72-2 were reduced to 88-5 themselves, unable to find big boundaries in the final overs to seal a big win. In Group A, India now sit top of the table, with USA in second. Pakistan are now in fourth and are yet to pick up a win.

Persons: Virat Kohli, Mohammed Siraj, Alex Davidson, Jasprit, Pandya, Bumrah, Mohammad Rizwan, Naseem Shah, Haris Rauf, Mohammad Amir, Babar Azam, Suryakumar Yadav, Usman Khan Organizations: NEW, ICC, West Indies, Nassau County International Cricket, Getty Images, Pakistan, USA Locations: India, Pakistan, New York , New York, New York

☆ Apple needs to make the iPhone cool again. Tomorrow is its chance
▼ + stars: | 2024-06-09 | by ( Clare Duffy | ) edition.cnn.com time to read: +5 min

And no product is more important to Apple than the iPhone. New AI features that provide a compelling reason to upgrade when Apple rolls out the iPhone 16 in the fall could boost the company at a crucial time. Here’s the thing: No matter how Monday goes, Apple isn’t losing its status as a tech powerhouse anytime soon. The latter scenario — assuming the features are compelling — could spur the next major iPhone upgrade cycle and have ripple effects for the entire company. “That’s the key: if it’s compelling and not backward-compatible, Apple will have the first upgrade cycle in four years,” Luria said.

Persons: they’ve, Apple isn’t, D.A, Davidson, Gil Luria, Gadjo Sevilla, “, Siri, Luria, ” Luria Organizations: New, New York CNN, Apple, CNN, ”, Nvidia, Microsoft, eMarketer, iOS, Samsung Locations: New York, China, WWDC

☆ India beat Pakistan by six runs in thrilling T20 Cricket World Cup match in New York
▼ + stars: | 2024-06-09 | by ( Charlie Scott | ) www.nytimes.com time to read: +4 min

India beat Pakistan in dramatic fashion in their T20 Cricket World Cup match in New York, despite setting their biggest rivals a target of just 120 runs at the Nassau County International Cricket Stadium. It was their lowest-ever run total in a men’s T20 Cricket World Cup match, which is the shorter format of the sport where each team has one innings of up to 20 overs (an over is six balls). Jasprit Bumrah led India’s fightback, taking three wickets for only 14 runs as Rohit Sharma’s team battled their way to victory. Pakistan needed 18 runs to win off the final over of the game but could only score 11 as they fell six runs short. This is the first time the USA have competed in the T20 World Cup.

Persons: Haris Rauf, Naseem Shah, Jasprit Bumrah, India’s fightback, Rohit Sharma’s, Alex Davidson, Bumrah, Sharma, ”, “ Organizations: Cricket, Nassau County International Cricket, International Cricket, ICC, Getty, “, Ireland, India, USA, Canada, Pakistan Locations: India, Pakistan, New York, Long, United States, Grand Prairie , Texas, York, USA, Canada

☆ Leaked Microsoft org chart reveals the top people running Mustafa Suleyman's new AI organization
▼ + stars: | 2024-06-06 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +5 min

Microsoft in March hired Suleyman, head of startup Inflection AI and cofounder of AI pioneer Deepmind, to be CEO of a newly formed "Microsoft AI" group. Here are top players at Microsoft AI:AdvertisementKarén Simonyan, CVP and chief scientistKarén Simonyan Inflection AI Inflection AISimonyan is one of three Inflection co-founders. Kya Sainsbury-Carter, CVP Microsoft AdvertisingSainsbury-Carter is an 18-year veteran of Microsoft. Qi Zhang, CVP Microsoft AI APRDZhang is based in Beijing and has been at Microsoft for 22 years. Chris Daly, VP strategy and business operationsDaly joined Microsoft AI in May after spending about nine years in investment banking at Robey Warshaw.

Persons: —, Mustafa Suleyman, Suleyman, Karén Simonyan, Karén, Simonyan, Satya Nadella, Rob Cromwell, Cromwell, Gabor Hirschler, Hirschler, Mikhail Parakhin, Jordi Ribas, Bing, Rukmini Iyer, Iyer, Rajesh Sundaram, Sundaram, Ali Akgun, Panos Panay, Sainsbury, Carter, Qi Zhang, Zhang, Mike Davidson, Davidson, Michael Bhaskar, Bhaskar, DeepMind, Chris Daly, Daly, Robey Warshaw Organizations: Service, Microsoft, Business, Bing, Enterprise, Microsoft Edge, Carter, Microsoft Advertising, Pacific Research, Development, Twitter, NBCNews.com, Walt Disney Internet, Microsoft AI Locations: Copilot, Beijing, Asia, Pacific, London

☆ Opinion: How this very English sport found a home in America
▼ + stars: | 2024-06-06 | by ( Opinion Ashish Ravinran | ) edition.cnn.com time to read: +8 min

India and Pakistan will take on each other in the Men’s T20 World Cup. But I soon realized that one of the unexpected pleasures of cricket in America was seeing the sport bloom between the cracks. Through their eyes, the New York cricket world continued to bloom in front of me. I discovered weekend leagues, a high school league and peculiarly, the NYPD Youth Cricket League — the subject of my upcoming feature documentary. This year there’s a second competition, the National Cricket League, headquartered in Dallas, home to a large South Asian community.

Persons: Ashish Ravinran, ”, Read, Ashish Ravinran Richa Dayal, who’d, ” Tanvir Ahmed, who’ve, Alex Davidson, We’re, we’ve, I’ve, Ramchandra, Fawwaz Baksh, They’ve, Bolt, Sean Paul, America ’, they’d Organizations: NYPD, CNN, South, Oxford, Cricket, New, NYPD Youth Cricket League —, Citi Field, American, Major League Cricket, National Cricket League, American College Cricket, West Indies, ICC, Bangladesh, Nassau County International Cricket, ” Sports, Local, World Trade Center, Times, Twitter, Facebook, America, Angeles Locations: Singaporean, New York City, Long, , New York, India, Pakistan, America, Caribbean, New York, Singapore, Bangladeshi, Brooklyn, Corona Park, Queens, Prairie, Texas, Morrisville, North Carolina, Dallas, Lauderhill, Florida, Jamaican, West, Canada, Eisenhower, Manhattan, Fort Lauderdale, Bangladesh, Texas , Florida

☆ Here are Thursday's biggest analyst calls: Apple, Nvidia, Tesla, Netflix, Alphabet, United, JPMorgan, Carvana, Broadcom & more
▼ + stars: | 2024-06-06 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Goldman Sachs reiterates Nvidia as buy Goldman said it's sticking with its buy rating on the stock. JPMorgan upgrades StoneCo to overweight from neutral JPMorgan said in its upgrade of the fintech solutions company that it has "appealing" potential for earnings growth. Morgan Stanley reiterates JPMorgan as overweight Morgan Stanley said it's even more bullish on the stock after a meeting with company management. " JPMorgan reiterates Alphabet as overweight JPMorgan said the company is on the "offensive in Gen AI." JPMorgan reiterates Broadcom as overweight The firm said it's sticking with its overweight rating on shares of Broadcom.

Persons: Morgan Stanley, Tesla, Oppenheimer, DA Davidson, Davidson, Goldman Sachs, Goldman, Bernstein, FANG, Redburn, it's bullish, osteogenesis, it's, Robinson, JPMorgan, Disney, Evercore, Moffett, Carvana Organizations: Walmart, Apple, company's, Conference, Nvidia, Energy, Midland shaleco, Endeavor Energy Resources, Airlines, United, Citi, eBay, JPMorgan, BMO, UBS, Mizuho, SEE, P Containers, Deutsche Bank, Deutsche, Google, Jefferies, DFS, Disney, Netflix, CTV, Broadcom Locations: China, Midland, Rocklin

☆ US women’s soccer team victorious in first game under new head coach Emma Hayes
▼ + stars: | 2024-06-02 | by ( Issy Ronald | ) edition.cnn.com time to read: +2 min

CNN —Emma Hayes’ reign as the new head coach of the US Women’s National Team (USWNT) began in the best possible way as her team defeated South Korea 4-0 in her first game in charge. Mallory Swanson, playing in her home state of Colorado, and Tierna Davidson scored two goals apiece to secure the friendly win, which Hayes described as a “good start” to her tenure. “I think you can see we’re building something,” the former Chelsea manager told reporters afterwards. Mallory Swanson scored two goals in the match. The USWNT will next play on June 4, facing South Korea once more as it prepares for the 2024 Paris Olympics in July.

Persons: Emma Hayes ’, Mallory Swanson, Tierna Davidson, Hayes, “, ”, USWNT, Swanson, Sophia Smith’s, Rebekah Wynkoop, Lindsey Horan’s, Kim Jung, Catarina Macário, Davidson Organizations: CNN, US, National, South, Chelsea, TNT Sports Locations: South Korea, Colorado, underplaying, Commerce City , Colorado

☆ I dodged a 15% rent increase because of a new NYC housing protection law. Here's how to know if it could save you money.
▼ + stars: | 2024-06-01 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +9 min

They said my building was covered under the new Good Cause Eviction law, and my rent increase would instead be 8%. AdvertisementWhat is Good Cause Eviction? Good Cause also has what's called the reasonable rent increase measure: Buildings covered under Good Cause have limits on how much landlords can raise rent. I was under the impression that this building falls under the good cause eviction umbrella. Will Good Cause Eviction change or impact your life?

Persons: Weaver, —, Ellen Davidson, Davidson, Allia Mohamed, it's, Mohamed, that's Organizations: Service, Business, New, New York, Housing Justice, —, Legal Aid Society Locations: New York City, Central Park, New, New York, Bronx, Brooklyn

☆ Eminem releases ‘Houdini’ single with a star-filled music video
▼ + stars: | 2024-05-31 | by ( Lisa Respers France | ) edition.cnn.com time to read: +1 min

CNN —Slim Shady is back, back again. Eminem also released a music video for the song in which he gets a little help from some of his celebrity friends. Eminem battles it out with his younger-self in the video, which will remind fans of his 2002 “Without Me” video. Recently a faux obituary appeared for his Slim Shady alter ego in his hometown newspaper, the Detroit Free Press. It referred to Slim Shady a “a rogue splinter in the flourishing underground rap scene.”“The Death of Slim Shady (Coup de Grâce)” follows Eminem’s 2020 album, “Music to Be Murdered By.” The full collection of new music is set for release this summer.

Persons: Slim Shady, Grace, “ Houdini, Steve Miller, ”, Megan Thee, Tory, Lanez, Eminem, Paul Rosenberg, Dre, “ We’ve, Snoop Dogg, Pete Davidson, Slim Organizations: CNN, Detroit Free Press

☆ Here are the next drivers of Costco growth after a great quarter and a stock near records
▼ + stars: | 2024-05-31 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

Costco has multiple levers of growth at its disposal, which should lead to a further boost in the stock even after its already impressive year-to-date gains. "If you're disappointed, go to another stock," Jim Cramer said during Friday's Investing Club's Morning Meeting . Jim said investors should not be concerned about the pullback because the stock often drops the day after earnings. COST 1Y mountain COST 1-year stock performance. In addition to exceeding estimates on the top and bottom lines in its fiscal 2024 third quarter, Costco turned in a better-than-expected 6.5% comparable sales increase.

Persons: Jim Cramer, Jim, Costco, Ron Vachris, Gary Millerchip —, Millerchip, Vachris, D.A, Davidson, Redburn, Rich Galanti, it's, Jim Cramer's, John Keeble Organizations: Costco, Walmart, Kroger, Costco Logistics, CNBC, Lakeside, Getty Locations: U.S, Japan, Korea, China, Grays, United Kingdom

☆ I had nightmares and started drinking heavily because I was so burned out at work. Quitting was the only way out.
▼ + stars: | 2024-05-30 | by ( Jamie Killin | ) www.businessinsider.com time to read: +8 min

Harley Davidson was my first opportunity to work on the client side of marketing, not the agency side. AdvertisementThis pattern became more unhealthy at Harley Davidson. He was telling me, "You're going to be the president of Harley Davidson. Shortly after, I started drinking heavily to cope with the stress and help myself fall asleep. AdvertisementI quit Harley Davidson in September 2016, and I stopped having nightmares.

Persons: —, Shelley Paxton, Hagen Dazs, I'd, Harley Davidson, wouldn't, You've, Harley, I've Organizations: Service, Business, Boston College, AOL, Visa, Global Integrated Marketing, Omnicom Media Locations: Minneapolis, East, Boston, Chicago, Europe, Istanbul, United States, Shanghai, France, New Zealand, Canada, Italy

☆ Slowing retail sales and consumer spending makes it a stock picker's market: D.A. Davidson's Baker
▼ + stars: | 2024-05-30 | 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 EmailSlowing retail sales and consumer spending makes it a stock picker's market: D.A. Davidson's BakerMichael Baker, D.A. Davidson senior research analyst, joins 'Squawk on the Street' to discuss what to glean about the consumer after recent earnings results, how to pick the winners in the retail space, and where the opportunity is in retail.

Persons: Davidson's Baker Michael Baker, D.A, Davidson

☆ What we know about the Americans arrested for bringing ammo to Turks and Caicos
▼ + stars: | 2024-05-28 | by ( Alisha Ebrahimji | ) edition.cnn.com time to read: +9 min

The father of two pleaded guilty to possession of 20 rounds of ammunition, according to the Turks and Caicos government. The Virginia resident was fined $9,000, said Kimo Tynes, director of communications for the Government of the Turks and Caicos Islands in a news statement Tuesday. Tyler Scott Wenrich The Royal Turks and Caicos Islands Police ForceThe Hon. Watson pleaded guilty at a hearing on Tuesday, Tynes, with the communications office of the Government of the Turks and Caicos Islands, confirmed to CNN. Sharitta Shinese GrierSharitta Shinese Grier The Royal Turks and Caicos Islands Police ForceGrier was arrested two weeks ago and is awaiting trial after making bail, according to Tynes.

Persons: Michael Lee Evans, Sharitta Grier, Bryan Hagerich, Ryan Tyler Watson, Tyler Wenrich, Caicos Premier Washington Misick, Dileeni Daniel, Selvaratnam, ”, “, ” Misick, Misick, Bryan Hagerich Hagerich, Hagerich, Johnathan Franks, ” Hagerich, They’ve, Palmer, Matt Freed, ” Tyler Wenrich Wenrich, Kimo, , won’t, Tyler Scott Wenrich, Davidson Baptiste, ” Wenrich, Michael Lee Evans Evans, Oliver Smith, Ryan Tyler Watson Ryan Tyler Watson, Caicos Islands Police Force Watson, Watson, Sharitta Shinese Grier Sharitta Shinese Grier, Caicos Islands Police Force Grier, Tynes, ” Grier, can’t, Grier’s, Oklahoma Republican Sen, Markwayne Mullin, Guy Reschenthaler, “ It’s, ” Reschenthaler, CNN’s Manu Raju, Mullin, it’s “, Akbarzai, Michael Rios, Holly Yan, Fabiana Chaparro, Amanda Musa, AnneClaire Stapleton Organizations: CNN —, Caicos, British Overseas, Transportation Security Administration, Caicos Island Government, Gov, United, Pittsburgh International Airport, CNN, WTAE, Pittsburgh International, America, Government, Turks, Royal, Caicos Islands Police, Caicos Islands Police Force, WFTV, Oklahoma Republican, ABC, Republican, UN, TCI Locations: Caicos, Texas, Florida, Pennsylvania, Oklahoma, Virginia, Bahamas, Caicos Premier, British Overseas Territory, Caicos Island, Turks, United States, Caroline, Pittsburgh, “, Royal Turks, Tynes, Caicos Islands

☆ American Tyler Wenrich sentenced to time served and $9K fine after arrest on illegal ammunition charge in Turks and Caicos
▼ + stars: | 2024-05-28 | by ( Alisha Ebrahimji | ) edition.cnn.com time to read: +3 min

CNN —American Tyler Wenrich was sentenced to three weeks in jail and fined Tuesday after he had pleaded guilty earlier this month to possession of ammunition while traveling to Turks and Caicos. Two other Americans have pleaded guilty and are out on bail while they await sentencing while a third has pleaded guilty, been sentenced and has returned back to the US. Bringing firearms or ammunition into Turks and Caicos without prior permission from police is “strictly forbidden,” according to a statement from its government. In addition to Hagerich and Wenrich, one other American – Michael Lee Evans – pleaded guilty to possession of ammunition while traveling in Turks and Caicos, according to the territory’s government. No US citizen has received the 12-year sentence to date.

Persons: Tyler Wenrich, Kimo Tynes, Davidson Baptiste, Ryan Tyler Watson, Tynes, Misick, Bryan Hagerich, Michael Lee Evans –, Evans, Oliver Smith, Sharitta Shinese Grier, Dileeni Daniel, Selvaratnam, CNN’s Michael Rios, Holly Yan, AnneClaire Stapleton Organizations: CNN, Government, Turks, Premier, Public, Caicos Locations: Turks, Caicos, The Virginia, American, Bahamas, United States

☆ Opinion: Here’s how I, as an attorney, would try to persuade the Trump jury in closing arguments
▼ + stars: | 2024-05-27 | by ( Opinion Joey Jackson | ) edition.cnn.com time to read: +12 min

If the jury agrees, Trump would become a convicted felon, and could face up to four years in prison. But Trump’s defense attorneys will have much to say Tuesday about the evidence presented by prosecutors in an attempt to avoid that outcome. As to ledgers and invoices keeping track of these checks, Trump is the owner of the organization, not the bookkeeper or finance person. Cohen claims Trump was with the bodyguard at the time, and that he handed Trump the phone. The evidence shows that in order for checks to be issued to Cohen, Trump would have had to give his approval.

Persons: Joey Jackson, Donald, Joey Jackson Jeremy Freeman, Trump, District Attorney Alvin L, Bragg, ledgers, Michael Cohen, Stormy Daniels, he’d, Cohen, It’s, Daniels, reimbursing Cohen, Hope Hicks, Karen McDougal, McDougal, Keith Davidson, Davidson, I’ll, Cohen wasn’t, ” Organizations: CNN, Manhattan Supreme, District Attorney, Prosecutors, Trump, Department of Justice, Trump Organization, Playboy, White, FedEx, Twitter, Facebook Locations: United States

☆ Why one analyst sees a 20% drop for Nvidia stock in the next 18 months
▼ + stars: | 2024-05-24 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Nvidia stock can't keep climbing forever, according to DA Davidson analyst Gil Luria. The Wall Street veteran sees a decline of as much as 20% in Nvidia stock in the next few years. That trend will falter, Luria predicts, and he says he's anticipating a double-digit decline for the chip maker's stock within the next 18 months. Advertisement"My estimates for 2026 are the lowest on the Street," Luria said. AdvertisementLuria has warned of a long-term decline for Nvidia stock for months, though investors are still feeling pretty bullish.

Persons: Gil Luria, —, who's, Luria, It's, Tesla Organizations: Wall Street, Nvidia, Service

☆ Amazon’s new cloud boss inherits a business under pressure to keep pace in AI
▼ + stars: | 2024-05-23 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +12 min

"It's very early days in generative AI," said Jassy, who succeeded Jeff Bezos as CEO in 2021. Davidson, told CNBC that Amazon was "caught flat-footed" by the generative AI boom. During a Q&A session on Wednesday, Jassy was asked twice about the status of Amazon's generative AI efforts. He said the company is "seeing a lot of momentum" in generative AI within AWS to where it's now a multibillion-dollar business based on annualized revenue. Amazon has previously said it intends to use generative AI to make Alexa more conversational.

Persons: Noah Berger, Andy Jassy, OpenAI's ChatGPT, Adam Selipsky, Jassy, Jeff Bezos, Matt Garman, Gil Luria, Davidson, Luria, Bezos, Selipsky, Casey McGee, McGee, Anthropic, Dario Amodei, OpenAI, it's, Garman, Amazon, wasn't, Dilip Kumar, Kumar, Swami Sivasubramanian, Jamie Meyers, Meyers, Matt, Jordan Novet, Kate Rooney Organizations: Web Services, Getty, Amazon, Microsoft, Google, D.A, CNBC, Amazon Web, Alexa, AWS, Nvidia, ChatGPT, Accenture, Toyota, Nasdaq, Investments Locations: Las Vegas, Vegas, Bezos, Anthropic

☆ America's Surge of Dumb Neighborhood Names, Real-Estate Rebrands
▼ + stars: | 2024-05-22 | by ( James Rodriguez | ) www.businessinsider.com time to read: +13 min

Neighborhood names are also shorthand for your rent or mortgage payments. In 2017, real-estate brokers in the historically Black New York neighborhood of Harlem sparked backlash when they tried to rebrand its south end as SoHa. At their best, new neighborhood names bring people together over a shared sense of pride in their little corner of the world. Along the way, these neighborhood names have veered into parody territory. I'm not saying that neighborhood names should be set in stone — in fact, I think it's natural for them to evolve alongside their populations.

Persons: you've, MoRA, Nashville's, they're, Let's, Gill Holland, Holland, Nestor Davidson, David Fagundes, Grant McKenzie, McKenzie, Hakeem Jeffries, Jeffries, Davidson, They're, Bob Dylan's, Marshall, Lily, I'm, Willy, Dirtbag, Little Italy — Organizations: Market, McGill University, University of Maryland, Houston, Financial, Tribeca, McGill, Google, Democratic, New York State Assembly, New York Times, Apple, North Arts District, Congress, Little Locations: Denver, Charlotte , North Carolina, LoSo, Boston, Louisville , Kentucky, NuLu, Austin, America, New York City, Louisville, Holland, North Carolina, Greenwich, Louisville's, Phoenix, Holland's, York, New York, Manhattan, Side, Chelsea, Maryland, Harlem, SoCo, Soho, Dowisetrepla, Charlotte, East Williamsburg

☆ Trump's hush money verdict hinges on a single piece of paper. See the most important evidence in the case.
▼ + stars: | 2024-05-19 | by ( Laura Italiano | ) www.businessinsider.com time to read: +13 min

Read previewWelcome to People's Exhibit 35, the single most important piece of evidence in the Donald Trump hush-money trial. People's 35 is the fulcrum for the entire case. What People's 35 does not have is Trump's fingerprints, a point that the defense is sure to press during closing arguments next week. AdvertisementProsecutors allege that Trump's payments to Cohen were falsified to conceal hush money paid to adult film star Stormy Daniels. "Yes," Cohen answered, as Trump watched from the defense table"And what, if anything, did Mr. Trump say at the time?"

Persons: —, Donald Trump, Trump, Michael Cohen, Cohen, Stormy Daniels, we'll, Allen Weisselberg, Weisselberg, Cohen —, Reince, Jon Elswick, Susan Hoffinger, Daniels, Hoffinger, Todd Blanche, — Cohen, Keith Davidson, Davidson, Karen McDougal, Playboy Bunny, Trump's, Melania Trump, peddled, Charlie Sheen, Hulk Hogan, Lindsay Lohan, Tila, RedFinch, That's Allen Weisselberg's, Allen, — it's, Trump —, Mary Altaffer Organizations: Service, Business, Attorney's, Trump Organization, Trump, Prosecutors, AP, Manhattan, BI Prosecutors, Essential, Consultants, Tahoe, National Enquirer, RedFinch Solutions, RedFinch, People's, frick Locations: Manhattan, Virginia

☆ Opinion: I changed my mind about the strength of the prosecution’s case against Donald Trump. Here’s why
▼ + stars: | 2024-05-18 | by ( Opinion Stacy Schneider | ) edition.cnn.com time to read: +6 min

The heated exchange between Trump’s attorney Todd Blanche and Cohen marked the biggest blow to the prosecution’s case so far. But the DA also must prove the actual business records crime, for which Trump has been charged with 34 counts of falsifying business records in the first degree. How I see it, Cohen’s testimony only satisfied half the equation beyond a reasonable doubt. Weisselberg could be the linchpin to validate Cohen’s claims about Trump agreeing to reimburse him through Trump Organization, as a business expense. If so, there would have been no intent to falsify the business records.

Persons: Stacy Schneider, Michael Cohen, Donald Trump, Cohen, Trump, Todd Blanche, Stormy Daniels, David Pecker, Keith Davidson, Daniels, Hope Hicks, Trump’s, Allen Weisselberg, Weisselberg, Juan Merchan, Pecker, won’t, Madeleine Westerhout Organizations: CNN, Attorney’s, Trump, American Media Inc, Trump Organization, Twitter, Facebook, DC Locations: Manhattan, New York

☆ These Dow stocks are cheap and have more upside as index reaches key milestone
▼ + stars: | 2024-05-16 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

The Dow Jones Industrial Average reached the 40,000 milestone level , but investors can still find inexpensive growth opportunities in the index. Shares currently have a forward P/E of 12.6, versus the stock's average five-year P/E of 17.8. The consensus price target on the stock indicates 14.2% upside from Wednesday's close. The stock's current forward P/E is at 27.6, slightly lower than its 5-year average of 32.1. Shares are trading at a 25.3 forward P/E ratio, relative to the 28.2 five-year average P/E ratio.

Persons: Dow, Piper Sandler, DA Davidson, Johnson, McDonald's, —, Fred Imbert Organizations: Dow Jones, CNBC, Deutsche Bank, Amazon, Dow, Chevron, Exxon, Hess, Visa, Walmart, Management, Verizon, Johnson Locations: headwinds, Guyana

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