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☆ How different kinds of investors can approach this August market pullback
▼ + stars: | 2023-08-13 | by ( Jim Cramer | ) www.cnbc.com time to read: +13 min

Or are the stocks that are now hated going to turn out to be precursors of the next downturn? Of all the techs I follow, I think ServiceNow probably had the best quarter. We know what to pay when we think a stock is going up, which is the going price. Next thing you know that stock is down to $143 and you say to yourself, should I buy it back? In that case, you need to sell stocks pretty aggressively until we get oversold, raising cash to 10% like us.

Persons: gaga, Everest, it's, Dow, ServiceNow, Jensen Huang, Bill McDermott, Bill, CARR, hasn't, Dupont, Let's, let's, Christian McCaffrey, Jeff Marks, FOMO, that's, Jim Cramer's, Jim Cramer, Jim, Jim Cramer Rob Kim Organizations: Nasdaq, Walmart, Costco, Nvidia, Fed, Dow, Electric, GE, Accenture, SAP, Otis Worldwide, Carrier Global, Caterpillar, Apple, Football, Bull, San Francisco 49er, CNBC Locations: Eaton

☆ Microsoft is touting the size and growth rate of its Salesforce rival Dynamics
▼ + stars: | 2023-08-03 | by ( Jordan Novet | ) www.cnbc.com time to read: +5 min

Microsoft still isn't disclosing the size of its Azure business, providing only the growth rate for the cloud business and leaving investors guessing how its revenue compares to Amazon and Google . But in its much smaller Dynamics business, which includes software for salespeople, marketers and customer-service agents, Microsoft has suddenly opted for greater transparency. In its annual report to investors last week, Microsoft disclosed Dynamics revenue in a table alongside other products for the first time. He also noted that Microsoft Sales Copilot, a tool capable of writing business-oriented email drafts, integrates with Dynamics as well as Salesforce's software. Partly motivated by Microsoft's AI capabilities, some companies are switching to Dynamics from Salesforce, said Manny Medina, CEO of sales software startup Outreach.

Persons: Satya Nadella, Flipkart, Nadella, Manny Medina, Medina, Salesforce, Bret Taylor, Marc Benioff, they're, Doug Burgum, Adam Mansfield, Mansfield Organizations: Microsoft Corp, Microsoft, Google, Dynamics, Products, Cloud Services, Technology, IDC, Oracle, SAP, CNBC, Industry, Marketing, Commerce Cloud, Plains Software, North, Republican Locations: Mumbai, India, MSFT, Marketing Cloud, Commerce, North Dakota, Great Plains

☆ VIEW Bank of England raises rates for a 14th time
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +7 min

The BoE raised interest rates by 25 basis points to 5.25% and said high inflation meant it was unlikely to stop raising rates any time soon. However, with Thursday's decision, traders began to price in a lower peak in UK rates. MONEY MARKETS: Interest-rate derivatives showed traders believe UK rates will peak around 5.67% by March, compared with an expected peak of 5.73% in the run-up to the decision. Rising interest rates means higher borrowing costs, which will lead to larger monthly mortgage payments for many homeowners." The Bank of England remains committed to bringing inflation down, unfortunately raising interest rates is one of the only tools the Bank can use to sap demand out of the economy."

Persons: BoE, Sterling, VIVEK PAUL, we’ll, STUART COLE, JEREMY BATSTONE, CARR, RAYMOND JAMES, MARCUS BROOKES, ” SEEMA SHAH, Rishi Sunak, GILES COGHLAN, THOMAS PUGH, JOHN LEIPER, Amanda Cooper, Samuel Indyk Organizations: Bank of England, FTSE, BLACKROCK, LONDON, TOM HOPKINS, Bank of, RSM, Bank, EMEA, Thomson Locations: LONDON, EUROPEAN, U.S

☆ Americans are being pinched by rising prices and grueling debt - and the pain isn't going away soon, analyst says
▼ + stars: | 2023-08-01 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Higher prices and interest rates are pressuring consumers and companies, Stephanie Pomboy says. Meanwhile, businesses are suffering a "migraine" in the form of higher debt costs, the Macro Mavens founder and president said. She pointed to the pressure on consumer spending, the limited supply of labor, and striking workers raising companies' costs by driving up wages and securing settlements. Inflation surged to a 40-year high of 9.1% last summer, spurring the Federal Reserve to hike interest rates from nearly zero to north of 5.25% today — a 22-year high. Higher rates can ease upward pressure on prices by encouraging saving over spending, hiring, and investing.

Persons: Stephanie Pomboy, Robert Heller, Pomboy, Paul Krugman, aren't, Heller Organizations: Fed, Service, Fox Business, Federal Reserve, Federal Locations: Wall, Silicon, Pomboy

The research found this was due to a perception that other accents thwart communication, to accent prejudices — or both. Are language courses a solution? But accent reduction courses that promise to get rid of a certain accent in a short period of time are more popular, she said. It horrifies me that companies would train people to anglicize their accent — that is a direct reinforcement of … racism. Elizabeth likens learning an American accent to "just one of the tools" in her arsenal — one she can deploy when needed.

Persons: Elizabeth, she's, they've, Jessica Spence, Jessica Spence The, Regina Kim, Tracey Derwing, Ritu, Brad Harris, Ritu Bhasin, Kim, who's, Bhasin, I'm Organizations: CNBC, The University of Queensland, Society, Personality, Jessica Spence The University of Queensland, Fairfield University's Dolan School of Business, University of Alberta, HEC Paris, York University, Brad Harris Management, HEC Paris Business Locations: Singapore, Asia, Pacific, Australia, New Zealand, Taiwan, Malaysia, York

☆ Why Pure Grade A Maple Syrup Is So Expensive
▼ + stars: | 2023-07-27 | by ( Pj Rickards | ) www.businessinsider.com time to read: 1 min

Once pierced, century-old maple trees drip sap referred to as liquid gold. It will take roughly 50 gallons of these drops to make one 1 gallon of 100% pure Grade A maple syrup. Farms in the Hudson Valley, New York State, can sell that gallon for over $200, almost 29 times more than popular imitation syrup. Despite the price, Grade A maple syrup is incredibly sought-after. So much so that C$18 million worth of it was stolen in one of the largest heists in Canadian history.

Locations: Hudson Valley , New York State

☆ What 'Shark Week' can teach investors about a money 'survival instinct'
▼ + stars: | 2023-07-27 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

Aaronp/bauer-griffin | Gc Images | Getty ImagesIt's "Shark Week," the annual television-programming event on Discovery that stars the ocean's apex predators. Specifically, investors have a tendency to get swept away by the fear or euphoria of the recent past. This is called "recency bias," and it's often accompanied by financial loss. "People need to understand that recency bias is normal, and it's hard-wired," said Charlie Fitzgerald III, an Orlando, Florida-based certified financial planner. Investors are most vulnerable to recency bias, he said, when on the precipice of a major life change such as retirement, when market gyrations may seem especially scary.

Persons: bauer, Charlie Fitzgerald III, Steven Spielberg's, Omar Aguilar, Fitzgerald, I'm, Moisand Fitzgerald Tamayo, FOMO Here's, Aguilar, Christopher Polk Organizations: San Diego Convention Center, Aaronp, GameStop, Schwab Asset Management, Universal Studios Home Entertainment, Filmmagic, Getty, Finance Locations: Orlando , Florida

Accent bias in the workplaceIt's not surprising that employees' accents play a role in determining business travel, said Regina Kim, an assistant professor of management at Fairfield University's Dolan School of Business. An 'accent hierarchy'Leadership specialist and author Ritu Bhasin said there's an "accent hierarchy" in today's globalized world. Kim agreed, saying studies show that the Standard British English accent has a "covert prestige," with speakers being perceived as more trustworthy, intelligent and attractive. "For example, having a French accent in a wine industry may be 'better' because there's an industry-accent fit," she said. Accent bias can be worsened by national stereotypes that listeners associate with the way their colleagues talk, said Kim.

Persons: they've, Shan, Tracey Derwing, Derwing, Regina Kim, Kim, Ritu Bhasin, it's, Bhasin, Elizabeth Elizabeth, she's, Elizabeth Organizations: SAP, CNBC, Employees, New Zealand, University of Alberta, Fairfield University's Dolan School of Business Locations: —, Asia, Australia, New Zealand, Taiwan, Singapore, Malaysia, Pacific, New, Indonesia, Vietnam, United States, American, New York, Britain, Canada, East Asia, South Asia, West Asia, China, Europe

☆ Fact Check-No proof of ‘deadly mosquitoes’ at AFRAM in Baltimore
▼ + stars: | 2023-07-26 | by ( Reuters Fact Check | ) www.reuters.com time to read: +4 min

AFRAM, an annual cultural festival celebrating Black excellence, was held over Juneteenth weekend at Druid Hill Park in Baltimore, Maryland (here), (aframbaltimore.com/about-afram). Weeks later, Instagram posts shared a clip from the festival that shows attendees swatting and fanning themselves and includes the text: “Helicopter released deadly mosquitoes in Baltimore, MD AFRAM 2023” (here). In other posts from the event, however, users say the flying bugs were gnats, not mosquitoes (here), (here). MALE MOSQUITOES SWARM, DON’T BITEMale mosquitoes swarm to mate but don’t bite, and the swarming flies in social media posts do not look like mosquitoes, said George Dimopoulos, a deputy director of the Johns Hopkins Malaria Research Institute (here). Social media clips of a Baltimore festival do not show “deadly mosquitoes,” entomology and health experts said.

Persons: Weeks, Baltimore Mayor Brandon Scott, Michael Raupp, gnats, Raup, Brian Federici, midge, ”, George Dimopoulos, Johns, Laura Harrington, “, Arinze Ifekauche, Dimopoulos, Read Organizations: Baltimore, Helicopter, Baltimore Mayor, University of Maryland, University of California, Johns Hopkins Malaria Research Institute, Cornell University, Health Department, Maryland Department of Agriculture, Reuters Locations: Maryland, Baltimore City, Druid, Baltimore , Maryland, Baltimore, Riverside

☆ Vodafone takes 'first steps' in turnaround with top-line improvement
▼ + stars: | 2023-07-24 | by ( Paul Sandle | ) www.reuters.com time to read: +2 min

LONDON, July 24 (Reuters) - Vodafone (VOD.L) reported better top-line growth on Monday, driven by higher prices in Britain and improvements in Germany, Italy and Spain, marking a positive start for new Chief Executive Margherita Della Valle's turnaround plan. She said on Monday that organic service revenue had improved "across almost all of our markets", as it reported a 3.7% first-quarter rise. The decline in service revenue in Germany more than halved quarter-on-quarter to 1.3%, as price rises partially offset the impact of customer losses over the last 18 months. Growth in service revenue in Britain, where Vodafone announced the merger of its operation with Hutchison's rival network Three last month, accelerated to 5.7%, boosted by strong growth in consumer and price increases. In Italy, improved demand from businesses helped reduce the service revenue decline to 1.6%, from 2.7% in the previous quarter, it said, while Spain saw a smaller improvement to a decline of 3.0% from 3.7%.

Persons: Margherita Della Valle's, Luka Mucic, Della Valle, We've, Ahmed Essam, Paul Sandle, Kate Holton, Sharon Singleton Organizations: Vodafone, SAP, Thomson Locations: Britain, Germany, Italy, Spain

☆ Scorching summer temperatures could strain the economy even further
▼ + stars: | 2023-07-23 | by ( Alicia Wallace | ) edition.cnn.com time to read: +12 min

“The recent heat waves and scorching summer temperatures demonstrate the economic cost of heat stress,” Chris Lafakis, Moody’s Analytics’ director of economic research, wrote in an emailed response to a CNN query. Moody’s Analytics estimates that chronic physical risk from heat stress could reduce worldwide GDP by up to 17.6% by 2100. The losses are steepest in sectors such as agriculture and construction, but no industry or business is immune, she said. “Every summer we have a stretch [of excessively hot weather], where it might last from four days up to a week,” he said. “We have to look at the potential of our business model shifting to a nine-month facility going forward,” she said.

Persons: Lyn Thomas, there’s, Thomas, she’s, “, it’s, Chris Lafakis, Liliana Salgado, ”, Kathy Baughman McLeod, Adrienne Arsht, Cesar Chavez, Damian Dovarganes, That’s, Jack Vessey wasn’t, He’s, “ It’s, Vessey, Zeyla Alcantara, Patrick Tiseth, Jobs, Ami Feller, I’ve, Los Cerrillos, Harrold Granthan, Bonnie Mendoza, David Wagner, bloodsicles, Mendoza, Zach Fowle, Kyle Ledeboer, ” Fowle, ” They’ve, Justus Swanick, Joshua Graff Zivin, ” Graff Zivin Organizations: Minneapolis CNN, Phoenix, CNN, Reuters Workers, Rockefeller Foundation Resilience, Atlantic Council, Rockefeller, IBEW, Company, Lone Star, Roofer, Saddle Riding Company, Phoenix Zoo, Arizona Wilderness, Arizona Wilderness Brewing, University of California San Locations: Minneapolis, Louisiana, United States, California, Los Angeles, Holtville , California, Imperial County, Texas, New Braunfels, Santa Fe , New Mexico, Los, “, Arizona, Phoenix, University of California San Diego

☆ SAP SE CEO Christian Klein goes one-on-one with Jim Cramer
▼ + stars: | 2023-07-20 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

SAP SE CEO Christian Klein goes one-on-one with Jim CramerSAP CEO Christian Klein joins 'Mad Money' host Jim Cramer to discuss Q2 earnings, its partnership with Halliburton and more.

Persons: Christian Klein, Jim Cramer Organizations: Halliburton

☆ European markets mixed as tech stocks sink 2% on weak U.S. earnings
▼ + stars: | 2023-07-20 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

LONDON — European markets were muted on Thursday as investors assessed the implications of some big U.S. corporate results and the start of earnings season at home. The pan-European Stoxx 600 hovered around the flatline in early trade, with tech stocks shedding 2.4% to lead losses on the back of weak U.S. earinings, while mining stocks added 1.4%. Markets in Asia-Pacific were mixed overnight as investors digested a slew of economic data across the region. Japan's Nikkei 225 led losses after the country posted a surprise trade surplus of 43 billion yen ($308 million), its first surplus in 23 months. Stateside, Nasdaq 100 futures slid in after-hours trading Wednesday evening as shares of Netflix sank after the company missed second-quarter earnings expectations.

Persons: Tesla, Elon Musk Organizations: Nikkei, Nasdaq, Netflix, Sweden's Volvo, SAP, France's, Nokia, ABB, Givaudan Locations: Asia, Pacific, Europe, France's Publicis

☆ SAP reports revenue growth of 5% in Q2, lowers cloud revenue forecast
▼ + stars: | 2023-07-20 | by ( ) www.reuters.com time to read: 1 min

July 20 (Reuters) - Business software maker SAP (SAPG.DE) reported second-quarter revenue growth of 5% on Thursday, in line with market expectations, boosted by its core cloud business. For the full year, it lowered its cloud revenue outlook to 14.0-14.2 billion euros ($15.59-$15.81 billion) from 14.0-14.4 billion, and slightly lifted its forecast for its non-IFRS operating profit to 8.65-8.95 billion euros from 8.6-8.9 billion. ($1 = 0.8980 euros)Reporting by Anna Mackenzie and Andrey Sychev, Editing by Kirsti KnolleOur Standards: The Thomson Reuters Trust Principles.

Persons: Anna Mackenzie, Andrey Sychev, Kirsti Organizations: SAP, Thomson

☆ SAP's marketing team is running multiple generative AI experiments. Its top marketer tells Insider what she's learned so far.
▼ + stars: | 2023-07-17 | by ( Ryan Joe | ) www.businessinsider.com time to read: +3 min

She predicts generative AI will be a permanent part of her marketing strategy in four to six months. The art was created by generative AI and touched up by a human artist. SAP's marketing team also used generative AI for tasks that are less splashy, more internally-oriented, but just as important. In one exercise, SAP employees used generative AI to create a script for product demos, but the scripts occasionally referenced products that didn't actually exist. Part of this consideration includes figuring out whether to continue partnering with generative AI solution providers or build the tools internally.

Persons: she's, It's, Julia White, White Organizations: SAP Locations: New York, Atlanta, Los Angeles

☆ These are the 3 key things that will impact the stock market in the week ahead
▼ + stars: | 2023-07-15 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

A lot was riding on these important measures of inflation after the scorching-hot ADP jobs report last week. Here are 3 things you need to know for the week ahead: 1. Industrial production and capacity utilization, also out Tuesday, shines a light on manufacturing, which attributes about 12% to U.S. GDP. Six months is generally considered to represent a balance between supply and demand in the housing market. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Stocks, Morgan Stanley, Johnson, Jeff Miller, Lockheed Martin, Charles Schwab, JB Hunt, Goldman, Baker Hughes, Ally, Kinder Morgan, Zions, Philip Morris, Abbott, ABT, Jim Cramer's, Jim Cramer, Jim, Scott Olson Organizations: Nasdaq, Dow Jones Industrial, Housing, CPI, Halliburton, HAL, Johnson, of America Corp, Lockheed, Lockheed Martin Corp, Novartis International AG, PNC Financial Services Group, Inc, PNC, Charles Schwab Corp, Bank of New York Mellon Corporation, BK, Synchrony, Interactive, Goldman Sachs Group, U.S . Bancorp, ASML, Citizens Financial, T Bank Corp, Northern Trust Corporation, Horizon National Corp, Business Machines Corp, IBM, United Airlines, Netflix, Steel Dynamics, Alcoa, Discover Financial Services, Crown, International Corp, Equifax Inc, Las Vegas Sands Corp, Liberty Energy Inc, Philip Morris International Inc, Taiwan Semiconductor Manufacturing Company, American Airlines Group Inc, Travelers Companies, SAP, Nokia Corp, Truist Financial Corporation, Company, McLennan Companies, Infosys Technologies Ltd, Newmont Mining Corp, Fifth Third Bancorp, Pool Corporation, Alfa Laval, Webster Financial Corp, Blackstone, Financial Corp, PPG Industries, CSX Corp, CSX, Berkley Corp, Swift Transportation Holdings Inc, American Express Co, AutoNation Inc, Interpublic, of Companies, Autoliv Inc, Huntington Bancshares, Financial Corporation, Roper Technologies, Comerica, Jim Cramer's Charitable, CNBC, Getty Locations: U.S, Las, ZION, Horton, Freeport, Marsh, ALFVY, W.R, Lemont , Illinois

☆ The future of Amazon's Honeycode cloud service is not looking so sweet
▼ + stars: | 2023-07-14 | by ( Eugene Kim | Ashley Stewart | ) www.businessinsider.com time to read: +3 min

Amazon's AWS Honeycode app-building software is being phased out. It's business application team has struggled. Another Amazon business application is struggling. This time it's AWS Honeycode, a cloud-based app-building service. Besides Honeycode, Amazon has axed the Halo health band, the Scout delivery robot, and a number of long-term projects from its Grand Challenge moonshot lab.

Persons: Honeycode, they're, hasn't, Slack, Sriram Devanathan, Adam Bosworth, Adam Seligman, Seligman Organizations: AWS, Amazon, Service, Amazon Connect, SAP, Google, Microsoft

☆ 'Undeniably vast' opportunity: Bank of America names generative A.I. global 'winners'
▼ + stars: | 2023-07-14 | by ( Lucy Handley | ) www.cnbc.com time to read: +2 min

Bank of America has dubbed global companies exposed to the demand for generative artificial intelligence solutions as "winners," picking stocks across the software and IT services sectors. It described the AI opportunity within the software industry as "undeniably vast" in a research note dated 12 July, and ranked European companies in the sector. "Huge quantities of data about a company's operations are held within a company's ERP system which makes the software vital in any generative AI integration," BofA's analysts stated. "We see gen AI as an opportunity for the Software industry to derive both potential revenue uplift via enhanced value proposition and data monetization, alongside productivity improvements," the bank said. BofA also looked at the effect of generative AI on the IT services industry and said implications "are the most polarised," noting concerns over drops in sales due to tasks being automated.

Persons: BofA, Frederic Boulan, — CNBC's Michael Bloom Organizations: of America, Dassault Systemes, SAP, Software, IT, International Data Corporation Locations: French, German

LONDON, July 14 (Reuters) - An accelerating dollar slide could be a U.S. gift to its allies by helping them catch up with its impressive disinflation. A dollar slide of this size and speed has typically elicited yelps of pain from U.S. trading partners. Euro zone headline inflation - which peaked about one percentage point above and three months later than the U.S. equivalent last year - was still 2.5 points above it last month. The ECB will likely stay shy of peak Fed rates, but an expected move to 4.0% policy rates by year-end will involve two quarter point hikes after the Fed has stopped. A time-limited dollar drop now may be more benign than a simple reversion to a new 'currency war'.

Persons: Goldman Sachs, Mike Dolan, Josie Kao Organizations: Reserve, Monetary, Sterling, Bank of England, European Central Bank, ECB, Fed, Transatlantic, Reuters, Twitter, Thomson Locations: U.S, Europe, Britain, Swiss

☆ How AI’s astonishing productivity gains could help curb inflation
▼ + stars: | 2023-07-12 | by ( Hanna Ziady | ) edition.cnn.com time to read: +7 min

Experts say the technology will help address a steep and prolonged slowdown in productivity growth in many Western economies, which has kept businesses’ costs higher than they would otherwise be and made inflation harder to tame. “AI has huge potential to increase productivity,” BlackRock CEO Larry Fink said at the company’s Investor Day last month. Productivity gains in Europe could be similar, albeit slightly smaller, Brynjolfsson told CNN. In some cases, productivity gains could be achieved sooner. That’s because most generative AI tools live on the internet — “the technology we already have on our desks” — making them widely accessible, Brynjolfsson said.

Persons: chatbot, —, Smart, Hannes P Albert, Bill Gates, Larry Fink, Erik Brynjolfsson, ” David McMillan, ” McMillan, Hollie Adams, Neil Shearing, Martin Neil Baily, Anton Korinek, Brynjolfsson, Goldman Sachs, ” Organizations: London CNN, Microsoft, BlackRock, CNN, Stanford University, Organisation for Economic Cooperation, Development, OECD, University of Stirling, Bloomberg, Getty, “, National Statistics, IBM, Capital, Brookings Institute, University of Virginia’s Darden School of Business, America, Productivity, Google, SAP, Goldman Locations: East, Scotland, London, United Kingdom, United States, Europe, Wimbledon

☆ I cried for days and binge-watched TV shows after being laid off from SAP. After applying for 134 jobs, I realized what would make me truly happy.
▼ + stars: | 2023-07-10 | by ( Robin Madell | ) www.businessinsider.com time to read: +6 min

After her layoff in March, she felt paralyzed, but she started applying for jobs within a few days. I'm a now-former SAP employee, having held a global-HR role at the company for most of my 17 years there. I felt paralyzed when my worst fears were confirmedI had an interim period to find another role in the company or be laid off. I started my own business, Talent Development Innovations, in May to serve my friend's needs for ramping up learning at his company. Finally, if you find yourself in this situation, process your layoff, but don't take too much time.

Persons: Barbara Jamelli, It's, I'd, they'd, Lee Hecht Harrison, I'm, I've, — Organizations: Talent, SAP, Service Locations: Wall, Silicon, Pennsylvania

☆ Forget the hype: Barclays identifies global 'A.I. winners' for the long term
▼ + stars: | 2023-07-10 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Barclays has named several global stocks that are expected to do well as the usage of artificial intelligence-related services evolves. The investment bank acknowledged that hardware and infrastructure giants, most notably Nvidia and Microsoft , are currently seeing the immediate benefits of the AI hype. Still, over the long term, it said businesses in the service sector could cash in significantly. The companies in Barclays' "Global AI Winners" basket include Canada-headquartered Telus and France's Capgemini . The below table highlights non-U.S. stocks in Barclays' basket of AI stocks.

Persons: FactSet, Emmanuel Cau, Capgemini, Goldman Sachs Organizations: Barclays, Nvidia, Microsoft, Telus, France's, Tech, Companies, Tokyo Electron, SoftBank Group, SAP, UK's Sage Group, ASM Locations: Canada, U.S, Taiwan, Tokyo, Europe, Amsterdam

☆ Former Obama advisor David Axelrod says Cornel West's presidential candidacy could swing the 2024 election to Trump
▼ + stars: | 2023-07-08 | by ( John L. Dorman | ) www.businessinsider.com time to read: +2 min

Former Obama advisor David Axelrod said that Cornel West could flip the 2024 election to Trump. Axelrod brought up the 2016 election, as many Democrats feel Jill Stein cost Hillary Clinton the race. West is running on a progressive platform and could siphon some of Biden's support with young voters. "In 2016, the Green Party played an outsized role in tipping the election to Donald Trump," Axelrod tweeted, pointing to Jill Stein's candidacy in the contest featuring Trump and former Secretary of State Hillary Clinton. "Now, with Cornel West as their likely nominee, they could easily do it again.

Persons: David Axelrod, Cornel, Axelrod, Jill Stein, Hillary Clinton, Cornel West's, Joe Biden, Donald Trump, Biden, Axelrod —, Barack Obama —, Jill Stein's, Trump, Cornel West, Stein, Clinton Organizations: Trump, Service, White House, Biden, Green Party, Democratic, House, Black Locations: Wall, Silicon, Wisconsin, Michigan

☆ China aims to sap Taiwan morale with 'escape plan' misinformation, sources say
▼ + stars: | 2023-07-07 | by ( Yimou Lee | ) www.reuters.com time to read: +4 min

TAIPEI, July 7 (Reuters) - China has launched a misinformation campaign that includes news reports Taiwan's president has an "escape plan" in the event of a Chinese invasion, aiming to sap morale as Beijing presses the island to accept its sovereignty, Taiwan officials said. China's Taiwan Affairs Office did not respond to a request for comment. The officials said the Chinese campaign was overseen by Beijing's Central Leading Group for Taiwan Affairs, which is chaired by President Xi Jinping, and carried out by various government units including the Taiwan Affairs Office in Beijing. "They want to sell fear," said one of the sources, a senior official familiar with Taiwan's security planning. Reporting By Yimou Lee; Additional reporting by Ben Blanchard; Editing by Rob BirselOur Standards: The Thomson Reuters Trust Principles.

Persons: Han Kuang, Tsai Ing, Xi Jinping, Yimou Lee, Ben Blanchard, Rob Birsel Organizations: Reuters, Taiwan Affairs Office, Taiwan, U.S, China's Taiwan Affairs Office, Beijing's Central, Group, Taiwan Affairs, Affairs Office, People's Liberation Army, Thomson Locations: TAIPEI, China, Beijing, Taiwan, United States, Taipei, Hong Kong, U.S, Pacific

But that call could change too, depending on Friday’s jobs numbers. It’s a sign that the recent boom in A.I.-related spending has failed to overcome other weaknesses in the semiconductor market. That is expected to wrap up a yearslong investigation into Ant, after government officials blocked the company’s plans to go public. New vehicle purchases rose 10 percent in the April quarter, as truck demand roared back. But Ford’s shares fell on Thursday because its electric cars sales declined in the same period, underperforming its biggest rival, Tesla.

Persons: Ant, Ford’s, Uber Organizations: Samsung, Ant Group, Reuters, Tesla, Analysts, New York Locations: A.I, Beijing, New

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