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Experts say the AI mania has shades of the dot-com and housing bubbles and could end painfully. AdvertisementExperts say the frenzy around AI stocks resembles the last two major market bubbles — and could end in disaster if investors get spooked. "This is the goofiest and likely most dangerous concentration of overvaluation I've seen in 34 years investing and throughout financial history," Bloomstran said. Some experts have compared Nvidia to Cisco, the network hardware company whose stock ballooned during the dot-com bubble before ultimately crashing. No one can predict if the AI craze will end with a devastating crash like the dot-com and housing bubbles, or usher in a new market regime led by Nvidia and its kin.
Persons: , Nathan Burks, Adetokunbo Fadahunsi, Ann Marie Hibbert, Burks, Hibbert, Chris Bloomstran, Semper Augustus, I've, Bloomstran, John Chambers, Robert Galbraith, it's Organizations: Service, George Mason University, Big Tech, Nvidia, Microsoft, Cisco, REUTERS, Wall Street Journal Locations: West Virginia
Trump gets the final word at CNN debate after coin flip
  + stars: | 2024-06-20 | by ( Eric Bradner | ) edition.cnn.com   time to read: +2 min
CNN —Former President Donald Trump will get the final word when he debates President Joe Biden on CNN next week, after a coin flip to determine podium placement and the order of closing statements. Trump’s campaign then chose for the former president to deliver the last closing statement, which means Biden will go first at the conclusion of the debate. Biden and Trump are set to make history on June 27 in the first presidential debate between an incumbent and a former president. For Trump, delivering the final closing statement in CNN’s debate is a notable difference from his New York criminal trial and conviction last month. The debate qualification window closed just after midnight Thursday, with only Biden and Trump meeting the constitutional, polling and ballot qualification requirements CNN laid out in May.
Persons: Donald Trump, Joe Biden, Biden, Biden’s, Trump, CNN’s Jake Tapper, Dana Bash, wouldn’t, WITCH HUNT, Organizations: CNN, Democratic, Republican, Trump, Biden Locations: Atlanta, York
Independent presidential candidate Robert F. Kennedy Jr. attends a press conference in the Brooklyn borough of New York, on May 1, 2024. Independent presidential candidate Robert F. Kennedy Jr. failed to qualify for the first presidential debate hosted by CNN next week, officially setting up a one-on-one clash between President Joe Biden and former President Donald Trump. Last month, Kennedy's campaign filed a Federal Election Commission complaint against CNN and the Biden and Trump campaigns, alleging the way they set up the June 27 presidential debate was illegal. Kennedy still has a chance to qualify for the Sept. 10 debate, hosted by ABC News. That debate has the same ballot access and polling criteria as CNN's, although it's unclear when the polling window will open.
Persons: Robert F, Kennedy Jr, Joe Biden, Donald Trump, Kennedy, Kennedy hadn't, Kennedy's, Stefanie Spear Organizations: CNN, Biden, Trump, NBC, ABC News Locations: Brooklyn, New York, Atlanta
CNN —President Joe Biden and former President Donald Trump are set for a historic showdown, with the stage now set for CNN’s June 27 presidential debate. The showdown will make history as the first debate between a sitting president and a former president. ET on Thursday, with Biden and Trump meeting the constitutional, ballot qualification and polling thresholds set by the network. Biden and Trump were the only candidates to meet those requirements. Debate rulesThe debate will include two commercial breaks, according to the network, and campaign staff may not interact with their candidate during that time.
Persons: Joe Biden, Donald Trump, Biden, Trump, Jake Tapper, Dana Bash Organizations: CNN, CNN’s, Democratic, Republican, Biden, Trump, Federal, ABC News, CBS News, Fox News, Marquette University Law School, Monmouth University, NBC News, The New York Times, Siena College, NPR, PBS, Marist College, Quinnipiac University, The, Street, The Washington Post Locations: Atlanta
Kennedy Fails to Qualify for CNN Debate
  + stars: | 2024-06-20 | by ( Chris Cameron | ) www.nytimes.com   time to read: +1 min
Robert F. Kennedy Jr. failed to qualify for the CNN presidential debate on June 27 by the network’s Thursday deadline, according to the outlet, a significant blow to his independent presidential bid that will deny him a coveted national stage alongside President Biden and former President Donald J. Trump. Qualifying for the CNN debate, one of two presidential debates scheduled before Election Day, would have been a plum prize for the Kennedy campaign. More than 73 million people watched the first debate between Mr. Biden and Mr. Trump in 2020, and Mr. Kennedy would have had the opportunity to confront his opponents in front of an extensive national audience. But Mr. Kennedy failed to meet two criteria. In the face of mounting challenges before the deadline, Mr. Kennedy had accused CNN of colluding with the Biden and Trump campaigns to exclude him from the debate, and filed a complaint to the Federal Election Commission accusing the network of violating campaign finance law.
Persons: Robert F, Kennedy Jr, Biden, Donald J, Kennedy, Trump, Ross Perot’s, George Bush, Bill Clinton of Organizations: CNN, Trump, Gov, Biden, Federal Locations: Texas, Bill Clinton of Arkansas
Gen Z is considered the most climate-conscious generation, with nearly two-thirds saying they want a "green" job within the next five years. And while the skills shortage is most acute among Gen Z, it is part of a broader trend across the labor market. AdvertisementSome 63% of Gen Z workers said the top barrier was a lack of available opportunities. "The data tells us that Gen Z has that in spades," Bycer said, noting that two-thirds of Gen Z said they were interested in training programs. "If you think the universe of climate jobs have sustainability in the title or are at a climate tech company, that's a limited view," Bycer said. "
Persons: Z, Gen, Efrem Bycer, Bycer, Gen Z, Joe Biden Organizations: Service, Business, LinkedIn, United, American Climate Corps, Corps Locations: Europe, Brazil, United Arab Emirates
"House of the Dragon" season two takes "Game of Thrones" fans back to Westeros. In real life, the show has filmed across Europe on beaches and medieval towns open to the public. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Advertisement"House of the Dragon" season two returns to Westeros for the war between the Greens and Blacks. This story is available exclusively to Business Insider subscribers.
Persons: , George R, Martin, Corlys Velaryon, Steve Toussaint Organizations: Service, Greens, Blacks, HBO, Warner Bros, Business Locations: Westeros, Europe, Blackwater
Read previewIn 2020, the first presidential debate between then-President Donald Trump and former Vice President Joe Biden devolved into a political grudge match, filled with insults. Trump largely disregarded the intended format of the debate by constantly interrupting Biden. But the 2024 election debates between Biden and Trump are poised to be much more structured and less chaotic. And microphones will be muted for both Biden and Trump when the opposing candidate is speaking. The debate will also be held just a few weeks before Trump, 78, is due for his sentencing in Manhattan.
Persons: , Donald Trump, Joe Biden, Trump, Biden, Chris Wallace, Jake Tapper, Dana Bash, Robert F, Kennedy Jr, Stormy Daniels Organizations: Service, Fox News, Business, Biden, CNN, Trump, New York Times, The Times Locations: Atlanta, Arizona , Georgia, Michigan, Wisconsin, North Carolina, Israel, Manhattan
Wall Street's best analysts have insight into companies' ability to provide attractive dividend yield and upside for the long term. Here are three attractive dividend stocks, according to Wall Street's top pros on TipRanks, a platform that ranks analysts based on their past performance. With a quarterly dividend of $1.22 per share ($4.88 on an annualized basis), KMB offers a dividend yield of 3.5%. In June, the company paid a base dividend of $1.25 per share and a variable dividend of $1.69 per share. (See Chord Energy Stock Charts on TipRanks)Cisco SystemsOur third pick is dividend-paying technology stock Cisco Systems (CSCO).
Persons: Wall Street's, Wall, Kimberly, Clark, Nik Modi, Modi, Mike Hsu, TipRanks, William Janela, Janela, Jefferies, George Notter, Notter Organizations: Cisco, Clark Consumer, KMB, RBC Capital, Energy, Enerplus, Cisco Systems Locations: San Jose , California, Kimberly, North America, Williston
Hong Kong CNN —Interested in capping off your trip to Hong Kong with a long weekend in Beijing or Shanghai? A new high-speed sleeper train service is making that possibility easier than ever. Return trips depart from Beijing and Shanghai at around 8 p.m. and arrive in Hong Kong at 8.47 a.m. and 7.29 a.m. A passenger with a child boards the high-speed sleeper train in Beijing for its inaugural journey to Hong Kong's West Kowloon Station. Jia Tianyong/China News Service/VCG/Getty ImagesHong Kong’s controversial high-speed railwayOpened in 2018, the 26-kilometer Hong Kong high-speed railway is a part of the larger Guangzhou-Shenzhen-Hong Kong Express Rail Link (XRL).
Persons: ” John Lee, Hong, Jia Tianyong Organizations: Hong Kong CNN, Hong Kong West Kowloon Station, China News Service, Passengers, China, , Hong, Hong Kong Express, Express Locations: Hong Kong, Beijing, Shanghai, Hong Kong West Kowloon, Kowloon, Hong, China, cn, China , Hong Kong, Guangzhou, Shenzhen
CNN —With less than two weeks until the first presidential debate of the 2024 election cycle, CNN has released additional details on the parameters agreed upon by the Trump and Biden campaigns. Both candidates agreed to appear at a uniform podium, and their podium positions will be determined by a coin flip. In order to meet CNN’s qualifications for the debate, candidates must satisfy the requirements outlined in Article II, Section 1 of the US Constitution to serve as president. Both Biden and Trump meet those requirements, as do Robert F. Kennedy Jr., Cornel West and Jill Stein, who are running on non-major-party tickets. Though not impossible in Kennedy’s case, it is less likely that candidates other than Biden and Trump will meet those requirements.
Persons: CNN’s Jake Tapper, Dana Bash, Joe Biden, Donald Trump, Robert F, Kennedy Jr, Cornel West, Jill Stein, Trump, Kennedy Organizations: CNN, Trump, Biden, Federal, Commission, ABC News, CBS News, Fox News, Marquette University Law School, Monmouth University, NBC News, The New York Times, Siena College, NPR, PBS, Marist College, Quinnipiac University, The, Street, The Washington Post, Electoral Locations: Atlanta
Morgan Stanley analysts named a slate of stocks this week they think are too attractive to ignore. CNBC Pro combed through Morgan Stanley research to find stocks that are primed for growth this summer. They include Apple, Toast, Broadcom, Arista Networks and Coca-Cola. Toast "Toast demonstrated its Vertical technology leadership, detailing its ability to efficiently gain share and monetize against an expanding opportunity. … New geographies, new verticals, new products, and increasing monetization across software and FinTech, underscore the compelling growth opportunity for Toast in the years ahead.
Persons: Morgan Stanley, Joseph Moore, Moore, Josh Baer, Baer, Meta Marshall, Marshall, … Arista, Organizations: CNBC, Apple, Broadcom, Arista Networks, VMware, Breed, Arista Networks Arista, Arista
An early bet on artificial intelligence thanks to a simple investment framework is helping the T. Rowe Price's Global Technology Fund (PRGTX) outperform the market for a second straight year. "Our framework led us to be early to this AI trend, [and] led us to be early to the chip intensity of this AI trend." That's due in part to its winning bets in AI names and semiconductor stocks – many of which have outperformed the S & P 500 and Nasdaq Composite . Early bets on AI Key to the $4.5 billion fund's recent success has been early positions in AI stocks and chipmaking darling Nvidia . The AI leader — added to the fund at the end of 2021 — today accounts for nearly 18% of the portfolio.
Persons: Rowe, Dominic Rizzo, Rizzo, Rowe Price lifer, , Rizzo's, Siri, Morningstar Organizations: Global Technology Fund, Nasdaq, Nvidia, Taiwan Semiconductor Manufacturing, Devices, ASML, Apple, Microsoft, University of Chicago Booth School, Business, Worldwide Developers, Apple Intelligence, SAP
Martin Starger, who as a senior executive at ABC in the 1970s helped bring “Happy Days,” “Roots,” “Rich Man, Poor Man” and other shows to the small screen — and the network nearly to the brink of No. 1 in prime time — before turning to producing movies, most notably Robert Altman’s “Nashville,” died on May 31 at his home in Los Angeles. His death was confirmed by his niece, Ilene Starger, a casting director. Mr. Starger joined ABC in the mid-1960s and rose to positions of increasing importance, culminating in his promotion to president of ABC Entertainment in 1972. He was culturally ahead of his audience but was pragmatic in his programming choices, but ever striving for better.”
Persons: Martin Starger, ” “ Rich, , Robert Altman’s “, Ilene, Starger, Barry Diller, Diller Organizations: ABC, ABC Entertainment Locations: Robert Altman’s “ Nashville, Los Angeles
As the field of stocks that both serve artificial intelligence data centers and have outperformed the rest of the market grows, Morgan Stanley is changing its approach in a search for value. All of the stocks included are rated overweight at Morgan Stanley. Morgan Stanley upgraded Ciena Corporation to overweight as part of the note and in concert with its GVAT model. NVDA YTD mountain Nvidia stock. Other names on the Morgan Stanley list include Broadcom and Taiwan Semiconductor Manufacturing .
Persons: Morgan Stanley, Meta Marshall, Marshall Organizations: Nvidia, Wall, Ciena Corporation, Broadcom, Taiwan Semiconductor Manufacturing
Learn moreThe Boston Celtics and Dallas Mavericks will face off tonight in Game 4 of the NBA Finals. Keep reading to learn everything you need to know about how to watch the NBA Finals, whether you have cable or are seeking a live streaming alternative. How to watch Celtics vs. Mavericks live stream in the USCeltics vs. Mavericks Game 4 tips off on Friday at 8:30 p.m. View at SlingFubo is another solid live TV streaming package with even more channels in its lineup. View at FuboHow to watch Celtics vs. Mavericks live stream from anywhereFans who will be traveling outside the US during the game can still keep up with their subscriptions via VPN.
Persons: you've, Larry O'Brien, we've, Fubo, They're, ExpressVPN Organizations: Business, Boston Celtics, Dallas Mavericks, NBA, Celtics, Golden State Warriors, Mavericks, US Celtics, ABC, Sling Locations: New York City, Los Angeles , Philadelphia, Chicago, Dallas, Boston
HBO is betting on "House of the Dragon" season two's success. The network just renewed the "Game of Thrones" prequel for another season ahead of Sunday's premiere. AdvertisementFrancesca Orsi, HBO's head of drama, praised the team behind the hit fantasy series in the renewal announcement. "George, Ryan, and the rest of our incredible executive producers, cast, and crew, have reached new heights with the phenomenal second season of 'House of the Dragon,'" Orsi said in a press release. "We are in awe of the dragon-sized effort the entire team has put into the creation of a spectacular season two, with a scope and scale that is only rivaled by its heart."
Persons: Francesca Orsi, George, Ryan, Orsi Organizations: HBO, Business
But the next bottleneck in AI infrastructure — and one to invest in — is networking, according to tech analysts. An increase in investment in generative AI model training and inference will drive the AI networking spending growth of 34% over the next five years, said the firm. "Networking creates a performance bottleneck for generative AI model development," Morningstar's analysts said. "Well-positioned networking firms are a great second derivative play to invest in generative AI," they added. Stocks to play the trend Marvell Technology is Morningstar's top pick to play the generative AI networking trend, with the firm saying it is "attractively undervalued" currently and giving investors an "immediately opportunity" to tap rising generative AI networking investment.
Persons: There's, Clare Pleydell, William D, Kerwin, Brian Colello, Morningstar, Bouverie Organizations: Nvidia, Microsoft, Networking, Morningstar, Liontrust Asset Management, CNBC, That's, Marvell, Arista Networks, Broadcom, Arista, Meta
Less than four hours after Trump's roundtable wrapped, the former president took to social media to extol the virtues of the bitcoin mining business. "Bitcoin mining may be our last line of defense against a CBDC," Trump posted shortly before midnight on Tuesday. "That's where you've got all these ancillary jobs; it's not just the bitcoin mining directly," said Cook. Enter bitcoin miners. Adding bitcoin miners to the portfolio of energy buyers has helped to improve the core economics of renewable power production.
Persons: Donald Trump, Eva Marie Uzcategui, , New York —, Jason Les, Bitcoin, Bill Hagerty, David Bailey, Trump, Bailey, Sen, Elizabeth Warren, Les, Warren, Geoff Kendrick, bitcoin, Matthew Schultz, Jayson Browder, Brian Hughes, Biden, Harris, Andreessen Horowitz, Ron Conway, Fred Wilson, Cameron, Tyler Winklevoss, Schultz, Browder, CleanSpark, Coke, Chris Cook, Cook, There's, Amanda Fabiano, Fabiano, Marathon's Browder, We've, Exacore's Cook, you've, it's, Digital's Browder Organizations: U.S, Mar, Lago, Trump, Riot, Marathon Digital Holdings, Arkon Energy, Cholla Energy, Exacore, CNBC, Senate's Banking, Finance, China, BTC Inc, Radical Communist, Democratic, Trump —, solana, Internal Revenue Service, Libertarian National Convention, Standard Chartered, Circuits, Government Affairs, Federal Reserve, Biden, U.S . Treasury Department, Republican, NASDAQ, Fabiano Consulting Locations: Lago, West Palm Beach , Florida, New York, Palm Beach , Florida, bitcoin, China, Russia, U.S, America, Washington, San Francisco, Beijing, Marathon, United States, West Texas
HBO Could Use a Hit. Enter the Dragons.
  + stars: | 2024-06-13 | by ( John Koblin | ) www.nytimes.com   time to read: +1 min
The dragons are back. On Sunday, “House of the Dragon,” the “Game of Thrones” prequel series, will return to HBO for its second season. There have been disappointments (the music drama “The Idol” and the Kate Winslet-starring limited series “The Regime,” for instance), and delayed premieres because of the double Hollywood strikes last year. According to one widely used industry metric, Max, the 13-month-old streaming service that houses HBO’s shows, has plateaued during that time. But in contrast to previous years, shows from HBO and Max will not be favorites in some of the major categories, including drama, a category that HBO dominated at the most recent Emmys.
Persons: Kate Winslet, , Max Organizations: , HBO, Hollywood, Warner Bros Locations:
According to data from CryptoQuant, the flow of bitcoin leaving miners wallets for exchanges – which indicates a selling event – reached a two-month high last weekend. Additionally, miner selling through over-the-counter desks saw its biggest daily volume since late March. CryptoQuant shows the hourly transfer of bitcoin from miners to exchanges rose to more than 3,000 bitcoins on June 9. "Daily bitcoin miner revenues stand today at about $35 million, down 55% from their 2024 peak reached in March." That's mostly as a result of "depressed" transaction fees, however, rather than the slashing of miners' block reward at the halving.
Persons: , Mike Colonnese, Wainwright, we're, Bitcoin, Julio Moreno, Moreno, Colonnese, Iris, Iren, They've Organizations: H.C, Iris Energy Locations: CryptoQuant
Morgan Stanley upgrades Ciena to overweight from equal weight Morgan Stanley sees "upside potential" for the networking company. Morgan Stanley downgrades Pure Storage to equal weight from overweight Morgan Stanley downgraded the stock mainly on valuation. Goldman Sachs downgrades Birkenstock to neutral from buy Goldman downgraded Birkenstock mainly on valuation. Wells Fargo initiates Skechers at overweight Wells said it's bullish on shares of the footwear company. Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it's possible that Tesla could make a phone.
Persons: Piper Sandler, Piper, it's, Edward Jones, Morgan Stanley, Goldman Sachs, Birkenstock, Goldman, Wells, Wedbush, Needham, HAE, TD Cowen, Cowen, Tesla, Oppenheimer, Salesforce Organizations: Products, Devices, AMD, Paramount, Citi, DAR, Barclays, FI, GameStop, McCormick, Procore Technologies, UBS, Nvidia, hyperscalers, Bank of America, Apple, Fortinet Inc Locations: VVV
The WNBA just had its most-watched games ever
  + stars: | 2024-06-10 | by ( Ramishah Maruf | ) edition.cnn.com   time to read: +2 min
The league also said Monday it had its most-watched start of the season games ever across all six networks that broadcast matches — ABC, ESPN, ESPN2, CBS, ION and NBA TV. Women’s basketball is experiencing a boom thanks to the phenomenon around WNBA rookie Clark. Since then, her entry to the WNBA, along with other players like Reese, has kicked off a new era in the league. Tick Pick, an online ticketing site, reported a 435% increase year over year in total tickets sold for WNBA games in May, with the average price of the tickets increasing 60%. Indiana Fever had a whopping 4,493% increase in May tickets sold.
Persons: Caitlin Clark, Angel Reese, Clark, Reese, we’ve, , Edison, Los Angeles Sparks’s Cameron Brink, Kate Martin, Tick Pick Organizations: New, New York CNN, WNBA, ABC, ESPN, ESPN2, CBS, ION, NBA, NCAA, Iowa Hawkeyes, South Carolina Gamecocks, Indiana Fever, Chicago Sky, Las Vegas Aces Locations: New York, alma, Los Angeles
CNN —Three hostages rescued by the Israeli military during a deadly raid in Gaza were held captive by a journalist, the Israel Defense Forces (IDF) alleged Sunday, without providing evidence to support their claim. More than 200 people were killed in the Israeli raid, according to Gazan authorities. The four rescued hostages are in “good medical condition” and are receiving medical attention, according to the IDF. More than 70 hostages held in Gaza since Hamas’ deadly surprise attack on October 7 are believed to be alive. More than 100 hostages were freed under a temporary truce last year, while Israel has rescued seven hostages by military means.
Persons: Almog Meir Jan, Andrey Kozlov, Shlomi Ziv, Abdallah Aljamal, Noa Argamani, Aljamal, Ramy Abdu, Israel, Al Jazeera, Al Jazeera’s, ” Aljamal, Aljamal’s, , Argamani Organizations: CNN, Israel Defense Forces, Nova, IDF, Human Rights, Al, Palestine, Foreign Ministry, Palestinian Ministry of Labor, Residents, Aqsa Martyrs Hospital Locations: Gaza, Al Jazeera, Qatar, Al, Aqsa, Israel
CNN —Ukraine’s military on Sunday said it had destroyed one of Russia’s newest and most advanced fighter jets in a drone strike on a military base deep inside Russia. Ukrainian forces said they successfully destroyed one of Russia's most advanced combat jets, SU-57, in a drone strike on a military base deep inside Russia. Flight Global’s “World Air Forces 2024” directory lists 14 Su-57s as active and another 62 as on order. TASS reported in 2022 that Russian forces will receive a total of 22 Su-57s by the end of this year. If the reports of the Ukrainian drone strike deep inside Russia prove true, it marks another success of Kyiv’s low-cost drones taking out high-value Russian assets.
Persons: CNN —, Sukhoi Su, , Oleg Nikishin, Sergey Shoigu, Su, ” Shoigu, GUR, Jill Dougherty, , ” Dougherty Organizations: CNN, NATO, Air, Russian, Ukrainian, Ukraine, TASS, Air Forces, Russian Aerospace Forces, Foreign Policy Research Institute, Institute for Locations: Russia, Astrakhan, Ukraine, Western, Zhukovskiy, Syria, Russian, Moscow
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