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Club holding Apple (AAPL) on Monday unveiled its long-awaited mixed-reality headset, known as Apple Vision Pro, expanding the technology giant's unrivaled hardware-and-software ecosystem into a new realm of computing. Of course, some investors may not be wowed by the Vision Pro. Vision Pro — Apple's first new major piece of hardware since the Apple Watch in 2014 — joins a fledgling field of mixed- and virtual-reality headsets. Bottom line More important than anything announced Monday, we're finally getting a glimpse of Apple's vision for this next-generation computing platform. It's too early to tell where Apple's headset business will be in five or 10 years.

Persons: Morgan Stanley, Steve Jobs, it's, Tim Cook, Cook, Apple, —, Bob Iger, we're, It's, Jim Cramer's, Jim Cramer, Jim, Brittany Hosea, BRITTANY HOSEA Organizations: Apple, Apple Vision, Developers Conference, Vision, Pro, Apple Watch, Meta, PlayStation, Club, Disney, Vision Pro, CNBC, Getty, Afp Locations: Cupertino , California, AFP

☆ Here are the most important new changes coming to your iPhone this fall
▼ + stars: | 2023-06-05 | by ( Hayden Field | ) www.cnbc.com time to read: +4 min

Justin Sullivan | Getty ImagesAt its annual developers conference Monday, Apple debuted iOS 17 and the slew of updates it will bring to iPhones everywhere later this year. Live transcription will be coming for phone voicemails, so users don't have to listen to get the message. Group chat hacks and voice note transcriptionIf you're the notorious flake in group chats, iOS 17 has an important feature for you. You can go beyond the normal emoji and now use your own photos to create reactions, including animated stickers from Live Photos. For those who like to overshare on voice messages, iOS 17 is delivering automatic transcriptions.

Persons: Tim Cook, Justin Sullivan, Apple, Craig Federighi, Apple's Organizations: Apple Worldwide, Apple, Apple Watch Locations: Cupertino , California

☆ Joe Biden used his first Oval Office address to tout the debt ceiling deal and pledge continued bipartisanship
▼ + stars: | 2023-06-03 | by ( Associated Press | Chris Kaye | ) www.businessinsider.com time to read: +6 min

Biden used his first speech to the nation from the Oval Office to celebrate a "crisis averted." "Passing this budget agreement was critical. "Passing this budget agreement was critical. Even as he pledged to continue working with Republicans, Biden also drew contrasts with the opposing party, particularly over raising taxes on the wealthy, something the Democratic president has sought. The Congressional Budget Office estimates it could expand total eligibility for federal food assistance, with the elimination of work requirements for veterans, homeless people and young people leaving foster care.

Persons: Biden, —, Joe Biden, wouldn't, Kevin McCarthy, Biden's, Karine Jean, Pierre, Friday, McCarthy, Donald Trump Organizations: Service, White, Treasury Department, U.S, GOP, Social Security, Republicans, Democratic, Resolute, Congressional, Internal Revenue Service, Trump, House

☆ Biden signed the debt ceiling bill, marking the end to tense negotiations that brought the country to the brink of default
▼ + stars: | 2023-06-03 | by ( Associated Press | ) www.businessinsider.com time to read: +6 min

President Joe Biden signed the debt ceiling bill into law Saturday afternoon. The White House negotiated with Members of Congress for weeks before the bill finally passed on Thursday. Eventually, the White House began weeks of intense negotiations with House Speaker Kevin McCarthy, R-Calif., to reach a deal. The Senate passed the bill quickly by a vote of 63-36 Thursday night, two days before Biden signed it into law. But the White House said the IRS' plans to step up enforcement of tax laws for high-income earners and corporations would continue.

Persons: Joe Biden, —, Biden, Kevin McCarthy, McCarthy Organizations: White, Service, Treasury Department, U.S, Democratic, Republican, Social Security, Senate, AP, Congressional, Internal Revenue Service, Trump, House

☆ Opinion | The Twists in the Long Debt Drama
▼ + stars: | 2023-05-30 | by ( ) www.nytimes.com time to read: +1 min

Robert S. CarrollStaten IslandTo the Editor:Once again, we have been subjected to last-minute brinkmanship in the debt limit drama series that never seems to end. Many have argued for the elimination of the debt limit. Why not place a cap on the amount of the debt limit increase? Anything above that would require congressional approval and would have to be considered at the time of approving the budget. Subir MukerjeeOlympia, Wash.To the Editor:Re “Biden Seeks to Woo Allies on Debt Deal,” by Peter Baker (news analysis, front page, May 29):President Biden was faced with a hostage negotiation.

☆ Ukraine war live updates: Russia bolsters attack on Kyiv; Putin congratulates 'dear friend' Erdogan on reelection
▼ + stars: | 2023-05-29 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +1 min

The Black Sea grain deal will no longer be operational if its current state of implementation continues, Russian foreign minister Sergey Lavrov said on Monday. The Black Sea grain deal will no longer be operational if its current state of implementation continues, Russian foreign minister Sergey Lavrov said on Monday, according to a Google translation of comments carried by Russian state news agency Tass. Reuters reported that Lavrov added that less than 3% of the grain exported under the agreement had reached the world's poorest countries. The U.N.-brokered agreement was set up to allow Kyiv's grains to be shipped through Black Sea ports, staving off the risk to global food security that was worsened by Russia's invasion of Ukraine. Moscow has repeatedly complained that restrictions imposed on Russia prevent it from fulfilling its agricultural and fertilizer exports.

☆ Broadcom bolsters stock with new Apple deal. Here's why the experts like it
▼ + stars: | 2023-05-23 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Market Movers rounded up the best reactions from investors and analysts as Broadcom 's stock hit a 52-week high after Apple announced a multibillion-dollar deal with the chipmaker . The experts, including Jim Cramer , discussed Broadcom as it looks to develop 5G radio frequency components in the U.S. for Apple, its biggest client. Additionally, Bank of America said Broadcom is the "most under-appreciated AI beneficiary. " Broadcom's stock closed the trading day up 1.2% at $686.50. Earlier, shares traded as high as $698.99.

Persons: Jim Cramer Organizations: Broadcom, Apple, Bank of America Locations: U.S

☆ New dinosaur found in Spain illuminates history of meat-eating group
▼ + stars: | 2023-05-18 | by ( Will Dunham | ) www.reuters.com time to read: +4 min

Living about 126 to 127 million years ago, the bipedal dinosaur, named Protathlitis cinctorrensis, was about 33 to 36 feet (10 to 11 meters) long and weighed about 2 tons. It was part of a group called spinosaurs whose biggest member, Spinosaurus, was among the largest meat-eating dinosaurs on record. Spinosaurs lived in Europe, Africa, Asia and South America during the Cretaceous - the last of the three chapters of the age of dinosaurs. Spinosaurus, about 50 feet (15 meters) long and weighing seven tons, lived 95 million years ago in Africa. Unlike Protathlitis, Spinosaurus possessed unserrated teeth - better to capture slippery aquatic prey.

[1/2] British Pound and U.S. dollar banknotes are seen in this illustration taken March 10, 2023. The dollar index, which tracks the greenback against six main peers, was down 0.14% at 102.29, having reached 102.75 in early trading on Monday, its highest since April 10. "With all of that, do you really want to buy a lot of risky assets this year?" The weak Chinese data was also weighing on the Australian dollar which dropped as much as 0.5% to $0.6665. The dollar also gained on China's offshore yuan , rising to as much as 6.981, its highest since March 10.

☆ The CEO of a $900 million asset manager shares 6 stocks to buy to take advantage of the coming AI revolution — and explains how investors can diversify their holdings to capitalize on emerging tech tr
▼ + stars: | 2023-05-13 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +6 min

She also oversees the Defiance Quantum ETF (QTUM), which invests in quantum computing and machine learning companies. "They're clear leaders and no matter what happens, they'll invest in artificial intelligence, data pricing, machine learning, and quantum computing," she explained. "But even if that happens, you're still okay because you have the high-quality tech companies to hedge your basket … We look at it as balance plus opportunity." Besides the Defiance Quantum ETF (QTUM), other options include Global X Robotics & Artificial Intelligence ETF (BOTZ), the ALPS Disruptive Technologies ETF (DTEC), and the iShares Robotics and Artificial Intelligence Multisector ETF (ITRBO). Amazon (AMZN) is another stock that has been propelled higher thanks to its web services and machine learning division.

May 9 (Reuters) - Indicted FTX founder Sam Bankman-Fried has renewed his attacks on the bankrupt cryptocurrency exchange’s law firm as he mounts his defense against a raft of fraud, money laundering and campaign finance charges. Bankman-Fried late Monday asked a judge to designate FTX’s current leadership and the exchange’s attorneys at law firm Sullivan & Cromwell as part of the “prosecution team” in the criminal case against him. FTX and Sullivan & Cromwell provided such extensive cooperation to the government that prosecutors had “effectively deputized the company to aid the prosecution,” Bankman-Fried argued. Sullivan & Cromwell, a prominent Wall Street law firm with about 900 lawyers, represented FTX on transactions and regulatory matters before its collapse last year. In Monday’s filing, Bankman-Fried’s defense team said Ray and FTX’s bankruptcy lawyers have acted as “public mouthpieces” for the prosecution and have turned over “cherry-picked” information incriminating Bankman-Fried.

☆ Nintendo expects to sell 15 mln Switch consoles this year
▼ + stars: | 2023-05-09 | by ( ) www.reuters.com time to read: +1 min

TOKYO, May 9 (Reuters) - Japan's Nintendo Co Ltd (7974.T) on Tuesday said it expects to sell 15 million Switch game consoles in the financial year to end-March 2024, compared with 17.97 million the previous year. The Kyoto-based gaming firm posted operating profit of 504.38 billion yen ($3.73 billion) in the year ended on March 31, beating estimates, compared with profit of 592.76 billion yen a year earlier. Nintendo is facing slowing demand for its aging Switch console in its seventh year on the market, even as supply chain snarls have eased and the company bolsters its games lineup. On Friday Nintendo launches "The Legend of Zelda: Tears of the Kingdom", one of the most widely anticipated games of the year. Reporting by Kiyoshi Takenaka; Editing by Kenneth MaxwellOur Standards: The Thomson Reuters Trust Principles.

☆ Premarket stocks: The Fed could be on the verge of repeating its 1970s mistake
▼ + stars: | 2023-05-08 | by ( Julia Horowitz | ) edition.cnn.com time to read: +6 min

But Gary Richardson, a Federal Reserve historian, is worried policymakers — now contemplating taking a breather — still risk repeating mistakes from that era. A premature retreat could cause the Fed to lose its handle on the situation, presenting even grimmer options down the road. Quick rewind: The chair of the Federal Reserve at the time, Arthur Burns, hiked interest rates dramatically between 1972 and 1974. Inflation later roared back, forcing the hand of Paul Volcker, who took over at the Fed in 1979, Richardson said. But the comparisons reveal the high stakes for the Federal Reserve at a moment of acute uncertainty.

☆ Donald Trump: Fresh January 6 convictions raise the stakes for the former president
▼ + stars: | 2023-05-05 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

The first scene of his reelection announcement video released last month showed smoke rising over the US Capitol and rioters with Trump flags. The legal complications facing Trump and GarlandGiven the fraught situation, the Justice Department’s next moves will be hugely significant. Thursday’s Proud Boys convictions are among the most significant of hundreds of successful Justice Department prosecutions of people linked to the US Capitol riot. So while a prosecution of Trump and his closest political associates over January 6 could be tough, it may not be impossible. So for now, at least with GOP primary voters, what doesn’t convict Trump, makes him stronger.

☆ Here’s where the jobs are for April 2023 — in one chart
▼ + stars: | 2023-05-05 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Broad job gains across the economy helped the labor market show resilience in the face of a banking crisis and growing recessionary concerns. Friday's data bolsters the argument that the labor market has remained idiosyncratically strong despite signs that the broader economy has slowed. Almost one out of every four of the new jobs were in health care and social assistance, which added about 64,200 in the month. Professional and business services saw the second largest growth in April at 43,000, which is more jobs than it has added in an average month over the past half-year. Professional, scientific and technical service jobs accounted for the bulk of the sector's gains with a 45,000 increase.

☆ Dollar falls after Fed signals pause; banking woes dent confidence
▼ + stars: | 2023-05-04 | by ( Rae Wee | ) www.reuters.com time to read: +3 min

"Additional tightening may be needed ... but the FOMC does not appear to be pre-committing to another rate hike on June 14." The U.S. dollar index was last 0.12% lower at 101.11, after dropping more than 0.6% in the previous session. "There are a lot of concerns in the U.S. around the banking sector and the crunch on credit. "So I think central banks, including the Fed, are at or very near the peak in their cash rates." The European Central Bank (ECB) comes under the spotlight next, where expectations are for ECB policymakers to raise interest rates for the seventh meeting in a row later on Thursday.

☆ PacWest explores options amid stock price plunge-sources
▼ + stars: | 2023-05-03 | by ( ) www.reuters.com time to read: 1 min

NEW YORK, May 3 (Reuters) - PacWest Bancorp (PACW.O) is exploring strategic options, including a potential sale or capital raise, after a liquidity boost it announced last month failed to inspire confidence in its ailing share price, a person familiar with the matter said. PacWest is hoping that to avoid the fate of other regional lenders that were taken over by U.S. regulators in the last two months by proactively finding a solution that bolsters its finances, the source said, asking not to be identified because the matter is confidential. A PacWest spokesperson did not immediately respond to a request for comment. Reporting by Anirban Sen in New YorkOur Standards: The Thomson Reuters Trust Principles.

☆ PacWest explores strategic options amid stock price plunge -source
▼ + stars: | 2023-05-03 | by ( Anirban Sen | ) www.reuters.com time to read: +2 min

The Los Angeles-based lender said in its first-quarter earnings last week that its deposits had stabilized after some customers pulled their money, but investors have continued to sell the bank's shares amid concerns about its future. PacWest shares dropped 58% on the news on Wednesday to $2.88 a share. The stock has lost almost 90% of its value since the regional banking crisis started on March 8. The crisis has led to the Federal Deposit Insurance Corporation taking over regional lenders Silicon Valley Bank, Signature Bank and First Republic Bank and selling them in whole or parts to other banks. Shares of other regional banks also fell after First Republic Bank collapsed last weekend and was sold to JPMorgan Chase & Co (JPM.N).

☆ We're pulling out the 2011 market playbook to navigate the current debt-ceiling debacle
▼ + stars: | 2023-05-02 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +5 min

The looming U.S. debt-ceiling crisis has ignited a new wave of uncertainty in the market this week, with all three major benchmarks under pressure Tuesday. That's the biggest lesson learned from the debt-ceiling crisis of 2011, which was characterized by similar political dynamics. Nonetheless, stocks mounted a recovery in the fall of 2011, with the S & P 500 finishing the year essentially flat. We expect the current crisis to ultimately yield a similar result — both in terms of a political resolution and a buying opportunity in the interim. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Twitter Bolsters Charm Offensive With Cannabis Advertisers
▼ + stars: | 2023-04-28 | by ( Katie Deighton | ) www.wsj.com time to read: 1 min

Twitter will now let U.S. cannabis marketers feature their products in ads on the platform, with some caveats. Photo: Jeff Chiu/Associated PressTwitter relaxed its rules on the types of ads U.S. cannabis companies can run on the platform, less than three months after accepting them as paying customers for the first time. Companies can now feature their packaged cannabis products in their ads. Previously they could advertise their businesses and link out to websites but couldn’t depict the actual products they sold. The company has also increased the number of states where advertisers can target consumers for medical and recreational cannabis.

☆ U.K. Blocks Microsoft’s Bid for Activision, a Blow to the Tech Giant
▼ + stars: | 2023-04-26 | by ( David Mccabe | Kellen Browning | ) www.nytimes.com time to read: +1 min

British antitrust regulators on Wednesday blocked Microsoft’s plans to acquire the video game giant Activision Blizzard for $69 billion, a significant hurdle for what would be the largest consumer tech acquisition since AOL bought Time Warner two decades ago. The Competition and Markets Authority in Britain said in a statement that Microsoft’s proposal “failed to effectively address the concerns in the cloud gaming sector.”The decision bolsters an effort by the Federal Trade Commission to block the acquisition and is a red flag for big technology companies trying to make large deals despite increasing government scrutiny over whether they abuse their power to hurt rivals and consumers. “Microsoft already enjoys a powerful position and head start over other competitors in cloud gaming and this deal would strengthen that advantage giving it the ability to undermine new and innovative competitors,” Martin Coleman, the chair of a panel that conducted an investigation for the C.M.A., said in a statement.

Hyundai and partner SK On, a battery unit of SK Innovation Co Ltd (096770.KS), will set up a new battery manufacturing plant in the state of Georgia, the companies said, formalising an earlier provisional agreement. Accompanying Yoon on the trip are top executives of some of South Korea's biggest companies, including Hyundai Motor Group Executive Chair Euisun Chung. Rivals General Motors Co (GM.N) and Samsung SDI (006400.KS) said they would invest over $3 billion to build a joint venture EV battery manufacturing plant in the United States. That compared with a Refinitiv SmartEstimate for first-quarter profit of 2.3 trillion won from 16 analysts. Hyundai and Kia cars are competitive in the U.S., based on their prices and a favourable exchange rate, he added.

☆ UBS retains risk chief to bolster controls for Credit Suisse deal
▼ + stars: | 2023-04-24 | by ( ) www.reuters.com time to read: +1 min

ZURICH, April 24 (Reuters) - Switzerland's UBS said on Monday it will retain Christian Bluhm as chief risk officer for the "foreseeable future" as it bolsters controls during the takeover of Credit Suisse. Vogel has now been appointed to a newly-created role of group risk control head of integration, where he will oversee risk functions related to the Credit Suisse deal, UBS said. Credit Suisse was mired in a string of scandals over the years, resulting in a Swiss-orchestrated takeover by UBS. The larger bank, which has largely avoided the missteps of Credit Suisse, will publish its first-quarter result on Tuesday. Credit Suisse said on Monday it suffered 61 billion Swiss francs ($68 billion) in net asset outflows in the first quarter.

☆ Legendary Female Artists on the Younger Women Who Inspire Them
▼ + stars: | 2023-04-20 | by ( ) www.nytimes.com time to read: +20 min

The Artist’s Mind What it feels like for female artists to wrestle with ambition, ego, ambivalence and inheritance. That isolation has, historically, been especially true for women artists, some of the most celebrated of whom have seen “writer” or “painter” or “filmmaker” treated as a secondary part of their identity. For this issue, we asked legendary female artists to tell us about a younger woman whose work excites them and gives them hope. But for the current generation of women artists, who have come of age with models who more closely resemble them, identity seems more like a source of community than a trap. Women artists, born into a Babylon of exclusion and possibility, reveal that creative inheritance is as promiscuous as legal inheritance is strict.

☆ Nasdaq profit beats as market volatility bolsters trading
▼ + stars: | 2023-04-19 | by ( ) www.reuters.com time to read: +1 min

April 19 (Reuters) - Nasdaq Inc's (NDAQ.O) first-quarter profit beat Wall Street estimates on Wednesday as increased market volatility boosted trading and helped mitigate a hit to the indexing business of the Transatlantic-exchange operator. Trading volumes rose as investors rejigged their portfolios in response to slowdown worries due to a sharp rise in interest rates, persistently high inflation and the banking crisis. Nasdaq's net trading services revenue rose 1% to $267 million, helped by strong growth in North America that offset the decline in European trading. The New York-based company had in the last quarter reorganized its corporate structure into three divisions — market platforms, capital access platforms and anti-financial crime. Reuters GraphicsThe company's net revenue, excluding transaction-based expenses, rose 2% to $914 million.

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