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Instead, a series of negotiations led to an eventual compromise decision limiting the Idaho law and temporarily forestalling further limits on abortion access from the high court. This exclusive series on the Supreme Court is based on CNN sources inside and outside the court with knowledge of the deliberations. The Idaho law had exemptions only to prevent death of the pregnant woman and in instances of rape or incest. It issued formal guidance saying the Emergency Medical Treatment and Labor Act (EMTALA), which requires stabilizing treatment regardless of a patient’s ability to pay, would preempt any state abortion ban in situations when an emergency termination was needed. Idaho lost in an initial proceeding in a US district court, as a judge issued a temporary injunction against the abortion ban.
Persons: Roe, Wade, Biden, John Roberts, SCOTUS, Elizabeth Prelogar, Idaho’s, Amy Coney Barrett, , Roberts, Brett Kavanaugh, Barrett, “ improvidently, ” Barrett, Kavanaugh, , Elena Kagan, , – Samuel Alito, Clarence Thomas, Neil Gorsuch, Alito, Thomas, Sonia Sotomayor, Kagan, Jackson, Sotomayor, Ketanji Brown Jackson, , ” Alito, ” Jackson Organizations: CNN, Supreme, Republican, Democratic, Labor, Justice Department, Idaho, United, Jackson, Health Locations: Idaho, EMTALA . Idaho, SCOTUS Idaho, Sacramento, Dobbs v, Moyle v, United States
Gilbert Carrasquillo/GC ImagesThe Pennsylvania governor, who is Jewish, has attracted more scrutiny on this issue than other potential running mates. That's despite Shapiro being largely in line with other Democrats when it comes to the baseline policy of US support for Israel. Shapiro has also called Benjamin Netanyahu a "terrible leader," telling NBC News that the Israeli Prime Minister has "driven Israel to an extreme that has been bad for Israel and bad for the stability in the Middle East." At the time, pro-Palestinian protests had swept college campuses across the country, occasionally resulting in chaos and disruption. "I think we have to be careful about setting any kind of double standard here on our campuses."
Persons: Josh Shapiro, Pennsylvania Shapiro, Gilbert Carrasquillo, That's, Shapiro, Benjamin Netanyahu, CNN's Jake Tapper, Liz Magill Organizations: Israel, NBC News, Israeli, Ku Klux Klan, University of Pennsylvania, Republicans Locations: Philadelphia, Pennsylvania, Israel, American
“Wow, we’re losing Joe Biden,” said Murphy, 83, a retiree who keeps busy teaching the Chinese tile game Mahjong to fellow seniors. You know, she’s, she’s at the perfect age. And I think she’s up to the challenge in that regard.”Boyer knows his innate optimism is about to be tested. “I think that she should be able to push his buttons.”What voters want to see from HarrisPat Levin for months bristled at the Biden age conversation. CNNHer advice to Harris is telling – so many voters who were loyal to Biden are now blunt about what was missing.
Persons: Darrell Ann Murphy, we’re, Joe Biden, , Murphy, “ Joe, Easton, Biden, Catherine Long, Long, ” Mary Ann Horvath, ” Horvath, ” Murphy, Kamala Harris, Harris, Pamela Aita, , Hillary Clinton, Roe, Wade, she’s, She’s, ‘ let’s, let’s, ’ ’ ’ Murphy, Josh Shapiro, , ” CNN's John King, Marvin Boyer, ” Boyer, Donald Trump, Trump, “ There’s, “ Will, Larry Malinconico, ” Malinconico, Malinconico, Biden’s Harris, Harris ., didn’t, Harris Pat Levin, ” Levin, Pat Levin, John King, ” Biden, Franklin Roosevelt’s, I’ve, “ I’ve Organizations: Pennsylvania CNN, White, Times, Democratic, CNN Local, Easton, Democratic Party, Biden, Lafayette College, CNN Locations: Easton, Pennsylvania, Northampton, Northampton County, Bethlehem, American, , United States
At a cryptocurrency convention in Austin in May, Blake Emerson Benthall hustled for investor money alongside scores of other entrepreneurs. But none of them, it is safe to say, could pitch their experience as the leader of a multimillion-dollar criminal drug enterprise. In the convention’s “Deal Flow Zone,” Mr. Benthall, 5-foot-4, cleanshaven and wearing a gray tee with his start-up’s logo, turned his laptop around at a lunch table and began giving his spiel to a bespectacled potential investor. “I’m a lifelong entrepreneur,” Mr. Benthall said as he clicked through a presentation that detailed how he had run Silk Road 2.0, the second iteration of the infamous online bazaar where 1.7 million anonymous customers signed up and used Bitcoin to buy methamphetamine, heroin and other illegal substances. and the years he spent in the punitive employ of the federal government.
Persons: Blake Emerson Benthall hustled, Mr, Benthall, “ I’m, ” Mr Locations: Austin
Greg O’KeeffeHow do United States build on this? With the group favorite in the rearview, the United States now has 180 minutes remaining to make its case for a spot in the knockout rounds. AdvertisementUndoubtedly, the United States needs to be more confident when going forward. As it stands, most of the players from this defeat will have to shake off the result and focus on getting things back on track for the United States. United States play New Zealand on Saturday in Marseille, before finishing Group A with a match against Guinea in Saint-Etienne on Tuesday.
Persons: Thierry Henry’s, Alexandre Lacazette, Marko Mitrovic, Michael Olise, Loic Bade, Jeff Rueter, Greg O’Keeffe, Olise, Tanner Tessmann, Gianluca Busio, John Todd, Guillaume Restes, Djordje Mihailovic, John Tolkin, Paxten Aaronson, Mihailovic, Diego Luna, Cole Bassett, Gregg Berhalter’s USMNT, Brad Smith, rance, ouble, l ead, lise up to, kel, Aaron, Brin, Booth, Bey, howe, cori, Wiley, elia, le in hi, ake Organizations: France, Marseille, Former Arsenal, Bayern Munich, Sevilla, Guinea, Marseille … Young U.S, Getty, New, MLS, Chicago Fire, Mitrovic, AZ, Colorado Rapids, Toulouse, Premier League, Bundesliga, Adv, Uni, G Locations: States, U.S, New Zealand, Marseille, Olise, France, Guinea, United States, Netherlands, Crystal, France’s
For the families of the hostages held more than nine months in Gaza, there is no time to wait. The Israeli prime minister wants to meet with Biden before the Israeli delegation formally transmits its response to the mediators, the source said. US officials have been sensitive to the Knesset recess as they remain convinced that politics are at play for Netanyahu back in Israel. US officials believe it is possible that Israelis are seeking to put maximum pressure on Hamas ahead of a deal. US and Egyptian officials have begun preparing the flood of humanitarian aid that would enter Gaza if a ceasefire deal goes into effect.
Persons: Benjamin Netanyahu, Joe Biden, Biden, Kamala Harris, Antony Blinken, Netanyahu, “ It’s, , Netanyahu ‘, ’ Aviva Siegel, Keith, Netanyahu “, They’ve, I’ve, Siegel, , Jon Polin, Hersh Goldberg, Biden’s, Donald Trump, Harris, Netanyahu doesn’t, Jonathan Dekel, Chen, Sagui Dekel, Satan, ” Netanyahu, Daniel Neutra, Omer, Matthew Miller, ” Miller, There’s, Israel, , Jake Sullivan, ” Blinken, we’ve Organizations: CNN, Israeli, Hamas, Democratic, Monday, US State Department, Government, Biden, UN, Israel Defense Forces, IDF Locations: Gaza, Israel, Egypt, Qatar, Washington, Rafah, Egyptian, el, Arish
Read previewInvestors should stay on guard as this market rally loses steam, a veteran strategy chief says. The investment chief and the chief market strategist signaled in April that US equities had an attractive risk-reward setup after a 5.5% selloff. "All those factors combined suggest maybe a choppier market, even though we still think the long-term bull market is intact," Lerner said. "In the fall, I think investors will eventually come back to tech because I still think that's the main secular theme of this bull market," Lerner said. "But I don't know that this is a game changer for this bull market where small caps will be leadership."
Persons: , Truist's Keith Lerner, Lerner, Truist, Truist Lerner, he's, you've, isn't, haven't Organizations: Service, Nasdaq, Business
"We will continue to have both bulls and bears because you have both sides who are talking about the uncertainty, increased uncertainty regarding the presidency," Stovall added. A 'Red Wave'? "It seems as if the greatest likelihood is a red wave," Stovall said. Trump trade hurt? To be sure, Sunday's announcement could pump the brakes on the so-called Trump trade seen since the late-June debate.
Persons: Joe Biden's, Biden, Kamala Harris, Sam Stovall, Trump, Stovall, it's, , PredictIt, Harris, CFRA's Stovall, Wells, Stephen Baxter, Baxter, Oppenheimer, Hogan, Riley, It's, Kim Forrest, Forrest, Fred Imbert Organizations: Trump, CFRA, Democratic National Convention, Republican, Democratic, Medicaid, Med Adv, Bokeh Capital Partners Locations: Friday's
Some of the most important factors to consider when buying a house are price, size, and location. Location and neighborhoodLocation is something you're stuck with until you move, so be sure you're choosing a city, school district, and neighborhood that suits your needs. If homes are flying off the shelves, you'll need to be prepared to make fast offers that get noticed right off the bat. If the appraisal comes in lower than what you offer, you'll have to make up the difference or renegotiate with the seller. Evaluating a house's resale potential is critical, as you want to be sure you're making a smart investment of your money.
Persons: Glen Pizzolorusso, Hope, that's, they're, it's, you've, they'll, you'll Organizations: Glen Christopher Luxury, Facebook, Energy Locations: Connecticut, Chevron
CNN —President Joe Biden ran for reelection to save democracy. “It has been the greatest honor of my life to serve as your President,” Biden said in a letter he posted to X on Sunday afternoon. His struggles validated concerns of majorities of voters that he would be too old for a second term that would have ended when he is 86. But in the end, Biden could not find a way to make voters unsee the poignant picture of an 81-year-old commander in chief who appeared to have seriously declined and was stumbling in the debate. Years earlier, in March 1952, Harry S. Truman, another Democratic president, had decided not to seek his own second term.
Persons: Joe Biden, Biden, Donald Trump, ” Biden, Kamala Harris, Nancy Pelosi, Still Biden, Lyndon Johnson, , Trump, Biden’s, , he’s, plagiarizing, Obama, Hillary Clinton, he’d, Beau, Hunter, Johnson, Robert F, Kennedy, President Hubert Humphrey, Republican Richard Nixon, Harry S, Truman, Adlai Stevenson, Republican Dwight Eisenhower, Harris Organizations: CNN, Democratic, Biden, Trump, American, White, Overseas, NATO, , Democratic Party, Republican Party, Republican Locations: Delaware, Chicago, Atlanta, American, Ukraine, Afghanistan, British, Milwaukee
New York CNN —Stocks are soaring this year, but that could soon change as election chaos takes the market on a rollercoaster ride. But this has been a destabilizing week for US stocks and the market trajectory could be shifting. The Dow was down more than 430 points, or 1%, in the morning trading session on Friday as the tech outage continued to rattle investors. Former President Donald Trump, meanwhile, said in an interview with Bloomberg that Taiwan should pay for its own defense. The bright sideInvestors have been largely resilient this year and some financial bigwigs say the election won’t change that.
Persons: Donald Trump, Joe Biden, Dow, , , , Jim Reid, Biden, they’re, Scott Wren, Wells, Jerome Powell, Liz Young Thomas, Russell, Young Thomas, ” Trump, CrowdStrike, JPMorgan Chase, Jeremy Barnum, isn’t Organizations: New, New York CNN, Investors, Big Tech, Nasdaq, Deutsche Bank, Democratic, , Treasury, Fed, Tech, Bloomberg, Taiwan Semiconductor Manufacturing, Nvidia, Microsoft, Meta, JPMorgan Locations: New York, Iran, Israel, Wells Fargo, , China, Taiwan
Read previewContent recommendation firm Outbrain is closing in on a deal to acquire or merge with Teads, the adtech company owned by European telecommunications giant Altice, according to four sources familiar with the matter. Spokespeople for Outbrain and Teads said it was company policy not to comment on M&A speculation. Teads parent company Altice International reported net debt of 9.2 billion euros, around $10 billion, at the end of the first quarter, while Altice France had some 24 billion euros, about $26 billion, in debt in the same period. AdvertisementTeads reported 601 million euros ($654 million) in revenue in 2023, down 5.5% from the prior year. Its adjusted earnings before income tax depreciation and amortization were 157 million euros ($170 million), an 8.7% decrease from 2022.
Persons: , Outbrain, couldn't, Teads, it's, Taboola, Patrick Drahi, pare, Altice, Moody's, Morgan Stanley Organizations: Service, Business, Altice, chum, CNN, Fox News, Altice International, Drahi Locations: Altice France, USA, France
Jerusalem CNN —The Biden administration received another rebuff from Israel Wednesday night – this time from the country’s parliament – over the United States’ long-standing support for the eventual establishment of a Palestinian state. A two-state solution to the Israeli-Palestinian conflict has been US policy for decades, but absent negotiations between the two sides, and a lack of sustained effort by the US to make it happen, means faith in such an outcome has dwindled. On Wednesday evening, the Israeli parliament made clear its position, voting by 68 to 9 to reject any creation of a Palestinian state. “The Knesset of Israel firmly opposes the establishment of a Palestinian state west of the Jordan (river). What we have is multilateral recognition of Palestinian statehood and unilateral Israeli rejection,” Scheindlin says.
Persons: Jerusalem CNN —, Biden, , Benny Gantz, Benjamin Netanyahu, Gideon Saar, , Netanyahu, Dahlia Scheindlin, Bezalel Smotrich, there’s, ” Scheindlin, ” Espen Barth Eide Organizations: Jerusalem CNN, Haaretz, Palestinian Authority, Israel Locations: Jerusalem, Israel, United States, Palestinian, Jordan, Washington, Gaza, Spain, Ireland
It also was the capstone of her highly scrutinized handling of the historic Trump case, in which she was known to drag out the pretrial proceedings, entertain long-shot legal theories offered by the former president and issue cumbersome orders that flummoxed lawyers on both sides of the case. Well before Monday’s ruling, outside cheerleaders of the special counsel, including many Trump critics, were calling on Smith to seek Cannon’s removal from the case. None of Thomas’ eight colleagues signed on to his solo concurring opinion, as Smith noted in court filings last week arguing to Cannon that the concurrence should not bear on the classified documents case. The way she has managed her docket has kept the case at a snail’s pace, playing into Trump’s strategy of delay. Or it has happened when the judge has “repeatedly” refused to comply with the appeals court’s instructions on a particular issue in a case, he said.
Persons: Donald Trump, Aileen Cannon, Jack Smith, , Jon Sale, Cannon, Trump, Michael Moore, Obama, “ She’s, General Merrick Garland, Smith, Clarence Thomas, Jon May, , Thomas ’, Thomas, it’s, ” Moore, She’s, , Don Samuel, ” Samuel Organizations: CNN, Trump, Circuit, Smith Locations: Florida, Fort Pierce , Florida, Georgia, Mar
CNN —Kylian Mbappé was officially unveiled as a Real Madrid player in front of tens of thousands of fans at the Santiago Bernabéu on Tuesday. Los Blancos announced last month that the club had signed Mbappé to a five-year deal, ending the French superstar’s seven-year stint at Paris Saint-Germain. This has been a highly-anticipated moment for Real Madrid fans, who have long been hopeful of seeing the 25-year-old – rated among the best current players in the world – wear their club’s famous white jersey. “It’s an incredible day for me, incredible,” the forward told those inside the stadium. Also on Tuesday, Real announced that Mbappé had successfully completed his medical at the Hospital Universitario Sanitas La Moraleja in Madrid.
Persons: Kylian Mbappé, Santiago Bernabéu, Los Blancos, Mbappé, Germain, Luciano Pavarotti’s, , Vinícius Jr, Jude Bellingham, , footballs, Juan Medina, Cristiano Ronaldo, “ I’m, ‘ Hala, Zinedine Zidane Organizations: CNN, Real, Santiago, Paris Saint, Real Madrid, Reuters, PSG, AS Monaco –, League, eventual, Spain, , Hala, Hospital Universitario Sanitas La Locations: Real Madrid, European, Mbappé, Santiago, France, ‘ Hala Madrid, Hala Madrid, Madrid
Former President Donald Trump and President Joe Biden. If you average the national polls since the debate 15 days ago, Trump’s ahead by 3 points. Biden and Trump’s own history should make you think twice about calling wraps on this race as well. Biden was ahead by 9 points in the early July national polls in 2020. Read Harry Enten’s full analysis of the state of the race and the latest polling.
Persons: Donald Trump, Joe Biden, Joe Biden’s, Biden’s, Democrat Michael Dukakis, Republican George H.W, Republican George H.W . Bush, Bush, Dukakis, Biden, Trump’s, Read Harry Enten’s Organizations: Getty, NPR, PBS, Marist College, Biden, Trump, Democrat, Republican Locations: Republican George H.W ., Michigan , Pennsylvania, Wisconsin, Arizona, George , Nevada, North Carolina
Sure enough, the S&P 500 rallied another 7.2%, ending 2023 up 24.2%. BMO Capital MarketsInvestors would love a similar outcome after a 14.5% first-half gain, which ranks in the 82nd percentile historically, according to BMO. History is on stocks' side in the second halfIn the last seven-and-a-half decades, the S&P 500 has risen 10% to 15% a dozen other times. Chances are, the relatively tame 5.5% slide the S&P 500 experienced in March and April won't be the biggest pullback of the year. Advertisement"Extended valuation remains a hot topic, but a closer inspection reveals that levels may not be as severe as are being advertised," Belski wrote.
Persons: , Goldman Sachs, Brian Belski, Belski, Stocks, Oppenheimer Organizations: Service, BMO Capital Markets, Business, BMO Capital, BMO, UBS, Markets, Tech, Trade Locations: The Montreal, New York, US
Airbus launches cost cuts to 'save 2024' after output woes
  + stars: | 2024-07-12 | by ( ) www.cnbc.com   time to read: +1 min
An Airbus A350-1000 aircraft flies above a mosque during the 2023 Dubai Airshow at Dubai World Central - Al-Maktoum International Airport on November 14, 2023. PARIS, July 12 (Reuters) — Airbus has launched a program of cost cuts and a freeze on overall headcount to shore up performance at its core planemaking business in 2024 and beyond, weeks after being forced to cut targets for jet production, industry sources said. An Airbus spokesperson declined to comment on internal memos but confirmed the existence of a performance-improvement plan. In the memo, Scherer predicted that Boeing's ongoing corporate and industrial crisis would force Airbus' main rival to "radically change for the better," the sources said. He also drew attention to the steady rise of China as a competitor with strong state backing and a big domestic market.
Persons: Christian Scherer, Scherer Organizations: Airbus, Maktoum International Airport, Boeing Locations: Dubai, Al, Maktoum, PARIS, China
If you average the national polls since the debate 15 days ago, Trump’s ahead by 3 points. An NPR/PBS News/Marist College poll out Friday morning even put the race at 50% for Biden to 48% for Trump (a result within the margin of error). Biden was ahead by 9 points in the early July national polls in 2020. I think it’s totally fair to say that Trump is the favorite and that Biden has his work cut out for him. There is also data to suggest that Vice President Kamala Harris would be a stronger Democratic nominee against Trump than Biden.
Persons: Joe Biden’s, Biden’s, Donald Trump, Democrat Michael Dukakis, Republican George H.W, Republican George H.W . Bush, Bush, Dukakis, Biden, Trump’s, Trump, we’ve, Nate Silver, Hillary Clinton, Clinton ”, We’ve, Kamala Harris, Harris Organizations: CNN, NPR, PBS, Marist College, Biden, Trump, Democrat, Republican, Biden’s, Democratic Locations: Republican George H.W ., Michigan , Pennsylvania, Wisconsin, Arizona, George , Nevada, North Carolina
Jerusalem CNN —Israeli Prime Minister Benjamin Netanyahu has reneged on a key Israeli concession in ceasefire negotiations, demanding that armed men be barred from returning to northern Gaza during an eventual ceasefire, an Israeli source familiar with the talks told CNN. Israel had previously agreed to allow Palestinians fully unrestricted access to northern Gaza during an eventual ceasefire, but the Israeli Prime Minister told his negotiating team this week to demand that armed men be barred from northern Gaza as part of any ceasefire and hostage deal, the source said. The new demand could potentially upend progress in hostage negotiations and raises further questions about Netanyahu’s commitment to Israel’s own proposal for a deal that has become the basis for detailed negotiations. Israel had said it wouldn’t end the war until all hostages are freed and Hamas is eliminated. CNN has reached out to the Israeli Prime Minister’s Office for comment.
Persons: Benjamin Netanyahu, Israel, Netanyahu, ” Israel, CNN’s Nadeen Ebrahim, Ibrahim Dahman, Eugenia Yosef, Tim Lister Organizations: Jerusalem CNN, Israeli, CNN, Qatari, Doha, Prime Locations: Jerusalem, Gaza, Israel,
CNN —A West African court has found the Nigerian government guilty of human rights abuses during its suppression of the 2020 #EndSARS protests against alleged police brutality. Around two weeks into the 2020 protests, Nigeria’s security forces opened fire on young people demonstrating peacefully at the Lekki Toll Gate in Lagos, killing and wounding several people. Their lawyer, Bolaji Gabari, described the verdict as “a significant victory for the #EndSARS movement.”CNN has reached out to the Nigerian government for comment. But the marches morphed into protests campaigning for police reform and ending bad governance in the oil-rich country. The Judicial Panel of Inquiry and Restitution at the Lagos Court of Arbitration, a government-appointed panel, determined that the incident at the Lekki Toll Gate could be considered a “massacre” after a yearlong investigation.
Persons: , Dabiraoluwa, Catherine Udeh, Udeh, Kamsi, Adeyinka “, ” Udeh, Bolaji Gabari Organizations: CNN, West African States, Locations: Abuja, Lagos
CNN —When the Gaza sunshine was at its hottest, Andrey Kozlov said the Hamas fighters would cover him with blankets, leaving him to stew in his sweat. When they pulled the blindfold from his eyes, they said they would kill him and film his murder. The 27-year-old said he suffered intense psychological – and some physical – abuse at the hands of Hamas. He cannot bring himself to describe all that happened to him and the two other hostages he was kept with during his eight months of captivity in Gaza. “Yes they were.”For that reason, Kozlov implored Israeli officials to “try to understand how we [the hostages] felt all this time.
Persons: Andrey Kozlov, Kozlov, , Israel, Noa Argamani, Abed Khaled, Reuters Kozlov, , , Almog Meir Jan, Shlomi Ziv, – “, ” –, Kozlov – “, ” Kozlov, Marko Djurica, pushups ”, , Itai Pessach, Benjamin Netanyahu Organizations: CNN, Nova, Hamas, West Bank, , Reuters, Qatari, Doha Locations: Gaza, Russian, Israel, Russia, Nuseirat,
The charts indicate the ETF could be nearing a substantial breakout attempt. The ETF is comprised of five industries: financial services (33%), banks (26%) capital markets (21%), insurance (16%) and consumer finance (4%). Daily Bullish Pattern First, here's the daily chart. The SPX finally eclipsed its 2007 high in 2013; the XLF reclaimed its 2007 high in 2021, but that didn't hold. Putting it all together, a successful daily pattern breakout also would help the much bigger weekly pattern break out, which would finally create distance from the 2007 high and prompt a multi-decade breakout.
Persons: Banks, XLF, it's, that's, Frank Cappelleri Organizations: CNBC, NBC UNIVERSAL
CNN —A year ago, NATO heads of state gathered in Vilnius, Lithuania, for their annual summit. He called NATO’s unwillingness to establish a concrete timeframe for Ukraine’s membership “unprecedented and absurd,” causing consternation in the Biden administration and nearly derailing the summit. Several key NATO members, however, haven’t been especially eager to come to the defense of Ukraine. Why would Putin consider a ceasefire or diplomatic settlement with Kyiv if he knew that NATO membership for Ukraine was just around the corner? Biden should tell Zelensky point-blank that NATO membership is a fool’s errand — and while he’s at it, he ought to apologize to all Ukrainians, for waiting so long to state the obvious.
Persons: Daniel R, CNN —, Vladimir Putin, DePetris, Volodymyr Zelensky, Biden, , Jens Stoltenberg, haven’t, George W, Bush, Barack Obama, Zelensky, Russia Michael McFaul, Putin, it’s Organizations: Defense, Chicago Tribune, The New York Times, Politico, Street, Guardian, CNN, NATO, Ukraine Locations: The, Vilnius, Lithuania, Bucharest, Ukraine, Washington, Kyiv, United States, Europe, North America, Poland, Georgia, Soviet, France, Germany, Crimea, , Russia, Moscow
We think so," Melius analyst Ben Reitzes said in a research report on Monday. We think infrastructure software may be harder to disrupt," the Melius analyst said. Apple, AMD and Intel should benefit from looming product cycles and an eventual easing of cloud capital expenditures spending, according to Reitzes. For Apple, the analyst believes consumers will favor its iPhone 16 out in September given its "Apple Intelligence" AI capabilities. His price targets on Intel and AMD suggest the stocks can advance some 16% and 22%, respectively, over the next year.
Persons: Ben Reitzes, Melius, Reitzes Organizations: Apple, AMD, Research, VanEck Semiconductor, Intel, IBM, Devices, Apple Intelligence Locations: Monday's, Turin
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