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☆ Here's the trade on AMD ahead of earnings, according to top analysts
▼ + stars: | 2023-08-01 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

AMD YTD mountain AMD year to date Analysts are expecting AMD's fiscal second-quarter revenue to come in at $5.32 billion, per StreetAccount. While recent results have been disappointing , AMD has embraced the AI story as investors look for the next Nvidia , he said. It has a hold rating and $110 price target, implying nearly 4% downside from Monday's close. Its $138 price target suggests nearly 21% upside ahead. TD Cowen is also bullish, maintaining its outperform rating and raising its price target to $135 from $115.

Persons: Lisa Su, Bernstein, Stacy Rasgon, Rasgon, Morgan Stanley, Joseph Moore, Cowen, Michael Bloom Organizations: AMD, Global, IDC, Nvidia, Deutsche Bank

☆ A simple technique may help with nail-biting and other repetitive behaviors, new research suggests
▼ + stars: | 2023-07-28 | by ( Katie Hunt | ) edition.cnn.com time to read: +6 min

CNN —Compulsive nail-biting, skin-picking, hairpulling, and lip- and cheek-biting are among a range of body-focused repetitive behaviors, or BFRBs, that can become a source of distress, but new research may offer hope for relief. Gently tapping the middle and index fingers against the thumb is one of the habit replacement techniques suggested by research. In the study, Moritz recruited 268 people with BFRBs — include participants exhibiting skin-picking, trichotillomania, nail-biting, and lip- and cheek-biting behaviors — who were between ages 18 and 80. After six weeks, 54% of people in the group using the habit replacement techniques reported improvement on a scale devised to measure the severity of body-focused repetitive behavior compared with 20% in the control group. However, she said she thinks habit replacement techniques are just part of a bigger BFRB treatment puzzle.

Persons: Steffen Moritz, ”, Moritz, “, They’re, I’ve, BFRBs, —, ” Moritz, Stacy Nakell, haven’t, Nakell, ” Nakell Organizations: CNN, University Medical Center Locations: Eppendorf, Germany

☆ There could be an upside for Intel in the back half of the year, says Bernstein's Stacy Rasgon
▼ + stars: | 2023-07-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere could be an upside for Intel in the back half of the year, says Bernstein's Stacy RasgonStacy Rasgon, Bernstein's senior semiconductor analyst, joins 'Closing Bell' to discuss what to expect from Intel's quarterly earnings results, competitors in Intel's field, and what needs to happen to modify Intel's rating to buy.

Persons: Bernstein's Stacy Rasgon Stacy Rasgon Organizations: Intel

☆ Preparing for the Evian Championship
▼ + stars: | 2023-07-26 | by ( Paul Sullivan | More About Paul Sullivan | ) www.nytimes.com time to read: +1 min

Brooke Henderson, who has won 20 times since turning professional in 2014, rolled in a putt on the final hole of last year’s Amundi Evian Championship to win the women’s major by one shot over the rookie Sophia Schubert. It was Henderson’s seventh time playing the championship, which starts on Thursday and is the only major played in continental Europe. It is also the only women’s major played on the same course every year, the Evian Resort Golf Club in France, which has hosted the tournament for nearly 30 years. It’s been called quirky and unfair, and one player, Stacy Lewis, who is a major champion, skipped it for two years. It also stands in contrast to courses for the other majors, which have moved to be hosted at the same venues where the men have won.

Persons: Brooke Henderson, Amundi, Sophia Schubert, It’s, Stacy Lewis Organizations: Amundi Evian, Evian, Golf Locations: Europe, France

☆ Elon Musk's rebrand of Twitter to 'X' could get him in legal trouble with Mark Zuckerberg and Microsoft, experts say
▼ + stars: | 2023-07-25 | by ( Ashton Jackson | ) www.cnbc.com time to read: +5 min

Elon Musk's Twitter rebrand could land him in legal hot water with Meta CEO Mark Zuckerberg and others, experts say. On Sunday, Musk announced that he was getting rid of the Twitter brand and logo. Meta's trademark for a white-and-blue X relates to "social networking services in the fields of entertainment, gaming and application development." The announcement comes just weeks after the launch of Threads, a Meta-owned app seen by some as a "Twitter clone." X may be "powered by AI" in the future, as Yaccarino noted, but the first phase of Twitter's rebrand is simple for now.

Persons: Elon, Mark Zuckerberg, Musk, Linda Yaccarino, Josh Gerben, Stacy Wu, Wu, didn't, Yaccarino, Joe Biden, Kamala Harris, Biden, " Biden, adieu Organizations: Twitter, Meta, Microsoft, Reuters, CNBC, Google Locations: we're, New York, China

You also may find more time to review your financial goals and decide whether you need a reboot. Here are three key actions financial experts suggest you take midyear. Oscar Wong | Moment | Getty Images"Make practice payments to yourself," said Corbin Blackwell, a CFP and senior financial planner at Betterment. Check your tax withholdingTo avoid having too little tax withheld from your pay and facing an unexpected tax bill or penalty at tax time next April, check your tax withholding. Adjusting your tax withheld now can also help with your cash flow and ensure you receive a bigger paycheck and smaller refund at tax time.

Persons: Stacy Francis, —, Jordan Awoye, Oscar Wong, Corbin Blackwell, Tim Maurer, Blackwell Organizations: Francis Financial, Awoye, CNBC, IRS Locations: New York, Bay Shore , New York, Atlanta, Charlotte

☆ Analysis Says Biden’s New Student Debt Plan Could Cost $475 Billion
▼ + stars: | 2023-07-19 | by ( Stacy Cowley | More About Stacy Cowley | ) www.nytimes.com time to read: +1 min

President Biden’s new repayment plan for federal student loans will cost the government $475 billion over the next decade, according to a new economic projection. The updated income-driven repayment plan would surpass the $400 billion cost of the debt forgiveness plan that the Supreme Court rejected last month. But a new and revised plan, which the administration has named Saving on a Valuable Education, or SAVE, is vastly more generous. That means the government, not borrowers, will ultimately pay a bigger share of the recipients’ educational costs. Economists for the University of Pennsylvania’s Penn Wharton Budget Model, a nonpartisan research group, estimate that payment reductions in the $1.6 trillion in outstanding federal student loans will cost the government $200 billion.

Persons: Biden’s, —, University of Pennsylvania’s Penn Organizations: Education Department, Valuable Education, University of Pennsylvania’s, Budget

☆ Bank of America Reports Big Profit Jump on Higher Interest Rates
▼ + stars: | 2023-07-18 | by ( Stacy Cowley | More About Stacy Cowley | ) www.nytimes.com time to read: +3 min

The NumbersBank of America reported a profit of $7.4 billion last quarter, up nearly 20 percent from the year before. Revenue grew more than 10 percent, to $25.2 billion in the second quarter. Customer spending on credit and debit cards rose 3 percent, to $226 billion, the bank said. Notably, the lender’s investment-banking business rebounded in the second quarter, after a sharp drop in deal-making had cast a chill over the industry. Last week, Bank of America was fined $150 million by two federal regulators for charging its customers improper fees and denying them promised sign-up bonuses.

Persons: Mr, Borthwick, Takeaways Brian Moynihan, “, ”, “ That’s, Alastair Borthwick, “ We’ve, that’s, Wells Fargo, Banks, Goldman Sachs, They’ll Organizations: Bank of America, Revenue, Citigroup, JPMorgan Chase, Federal Deposit Insurance Corporation, Western Alliance Locations: U.S

☆ Food deserts aren't what's causing hunger in the U.S. — It's wages, inequality and inflation
▼ + stars: | 2023-07-16 | by ( Juhohn Lee | ) www.cnbc.com time to read: +2 min

About 33.8 million Americans didn't have adequate access to food, according to the latest report from the U.S. Department of Agriculture. "Food inflation, as we've seen during the pandemic, has gone up, driven in large part by supply chain disruptions and shortages of food supply during the pandemic," according to Erika Thiem, chief supply chain officer at the nonprofit Feeding America. Food deserts, where access to affordable and healthy foods is limited, have also been widely blamed as a major cause of hunger in the U.S. He continued, "it's food prices that matter, not food access." "I think part of this is how problems compound problems," according to Stacy Dean, deputy under secretary at the USDA.

Persons: we've, Erika Thiem, Catherine D'Amato, Craig Gundersen, Stacy Dean Organizations: U.S . Department of Agriculture, That's, America, Greater Boston Food Bank, U.S, Baylor University, National Bureau of Economic Research Locations: United States, Greater, U.S

Jamie Dimon, the bank’s chief executive, has deep political connections, and his prognostications on the economy are scrutinized in some circles as closely as a central banker’s musings. The U.S. economy “continues to perform better than many had expected,” said Charles W. Scharf, the bank’s chief executive. Unlike the other banks, Citigroup reported a fall in second-quarter profit, although the decline was not as severe as analysts had predicted. The U.S. government debt-limit standoff in April and May was also reflected in the banks’ results, with Citi citing anxiety during the negotiations as pushing investment-banking clients to the “sidelines” during the second quarter. What’s NextIn the next week or so, a slew of other banks will report quarterly earnings.

Persons: Jamie Dimon, Dimon, didn’t, ”, Wells, “, Charles W, Scharf, Jane Fraser, Goldman Sachs Organizations: JPMorgan, Treasury, Citigroup, Citi, Western Alliance and Comerica Locations: U.S, Wells Fargo, Republic

☆ Wells Fargo Beats Expectations but Sets Aside Money for Loan Losses
▼ + stars: | 2023-07-14 | by ( Stacy Cowley | More About Stacy Cowley | ) www.nytimes.com time to read: +1 min

Why It MattersWells Fargo is one of the nation’s largest mortgage lenders, and analysts watch its results for signs of economic stress. The bank’s soured loans in its commercial business grew, but its consumer business held fairly steady, with a slight rise in credit-card defaults offset by a drop in losses on auto loans. Commercial real estate, especially loans on office space, are a pain point, and the bank set aside nearly $1 billion more for losses. Commercial deposits have stabilized, while on the consumer side, “what’s driving the decline is, largely, people spending their money,” said Michael P. Santomassimo, the bank’s chief financial officer. What’s NextLike the other big banks, Wells Fargo keeps bracing for a recession — but not seeing one just yet.

Persons: Wells, “, ”, Charles W, Scharf, what’s, Michael P, Santomassimo, Mr, Morgan Stanley, Goldman Sachs Organizations: Federal Reserve, Bank of America Locations: U.S, Wells, “

☆ Education Department Cancels $39 Billion in Student Debt for 800,000 Borrowers
▼ + stars: | 2023-07-14 | by ( Stacy Cowley | More About Stacy Cowley | ) www.nytimes.com time to read: +1 min

More than 800,000 borrowers will have $39 billion in federal student loan debt eliminated under a government effort to remedy years of mistakes by the loan servicers that collect payments on the government’s behalf. The relief will go to those with federal loans owned directly by the Education Department and who enrolled in income-driven repayment plans. Under those plans, borrowers must make payments for a term that is typically 20 or 25 years. More than eight million people use income-driven repayment plans, but for decades, many of the companies that bill borrowers made extensive mistakes in tracking payments and in guiding borrowers through the payment process. “For far too long, borrowers fell through the cracks of a broken system,” Miguel Cardona, the education secretary, said on Friday.

Persons: ” Miguel Cardona Organizations: Education Department

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Persons: Dow Jones

☆ Does Sugar Actually Feed Cancer?
▼ + stars: | 2023-07-10 | by ( Connie Chang | ) www.nytimes.com time to read: +1 min

During the eight years Stacy Shawhan has worked as an oncology dietitian, she has heard many questions from her cancer patients about how their diets influence their prognosis. But one question has come up more than the rest: Will consuming sugary foods and drinks feed my cancer cells, making my condition worse? “Cancer patients are so vulnerable, and some of them are terrified to eat,” said Ms. Shawhan, who practices at the University of Cincinnati Cancer Center. Recent polls from the United States and Europe suggest about a third of cancer patients actively avoid sugar. While experts say that diets high in added sugars may increase your risk of cancer over a lifetime, cutting out all sugars doesn’t actually fight existing tumors.

Persons: Stacy Shawhan, ”, Shawhan, ’ Organizations: University of Cincinnati Cancer Center Locations: United States, Europe

☆ Timothy Olyphant Is Back for a New Chapter of ‘Justified’
▼ + stars: | 2023-07-10 | by ( Jeremy Egner | More About Jeremy Egner | ) www.nytimes.com time to read: +2 min

That combination proved perfect for the darkly comic, morally murky world of “Justified.” Olyphant’s performance in the series shifted his previously hit-and-miss career into a higher gear, which in turn has made his future prospects less dependent on the success of the “Justified” revival. Premiering Thursday on Max, the gripping six-episode serial revolves around a botched kidnapping with international repercussions. “Full Circle” was directed by Steven Soderbergh, the latest on a list of talented people with whom Olyphant long wanted to work and now has. Kenneth Lonergan made him the center of his acclaimed play “Hold On to Me Darling” (2016). “You can throw Larry David on the list,” Olyphant said, referring to his appearance as a smarmy groom in “Curb Your Enthusiasm” in 2020.

Persons: Olyphant, Dennis Quaid, Claire Danes, Jharrel Jerome, Max, Steven Soderbergh, Quentin Tarantino, James Stacy, David O, Russell, Kenneth Lonergan, Larry David, ” Olyphant, “, Boba Fett, Santa Clarita Diet ”, Daisy Jones, ” Soderbergh, ” Organizations: Hollywood, Wars, Santa, Santa Clarita Diet Locations: New York, “, “ Amsterdam, Mormon, “ Fargo, ”, Santa Clarita

☆ How the generative A.I. boom could forever change online advertising
▼ + stars: | 2023-07-08 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +10 min

Meta, Alphabet and Amazon , the leaders in online advertising, are all betting generative AI will eventually be core to their businesses. In May, Meta announced its AI Sandbox testing suite for companies to more easily use generative AI software to create background images and experiment with different advertising copy. However, Shaked said he's "not sold on the creative piece yet," regarding Meta's nascent foray into providing generative AI tools for advertisers. Jay Pattisall, an analyst at Forrester, said several major hurdles prevent generative AI from having a major immediate impact on the online ad industry. Stacy Reed, an online advertising and Facebook ads consultant, is currently incorporating generative AI into her daily work.

Persons: Sebastien Bozon, ChatGPT, Shane Rasnak, Rasnak, Cristina Lawrence, Lawrence, Mark Zuckerberg, Andrew Caballero, Reynolds, Yarden Shaked, Shaked, Jay Pattisall, Forrester, Pattisall, Reddit, Scott McKelvey, OpenAI, McKelvey, that's, Meta, Stacy Reed, it's, Reed, they've, Ryan Reynolds Organizations: AFP, Getty, Facebook, Twitter, CNBC, Meta, Meta's, Georgetown University, Bloomberg News, Mint Mobile, Social Locations: Utah, San Francisco, Washington

Last week, the Supreme Court struck down President Biden’s sweeping plan to cancel billions of dollars in student loan debt. Stacy Cowley, a finance reporter for The New York Times, explains what the decision means for borrowers now facing their first payments since a coronavirus pandemic-related pause and how an alternative plan could still ease their burden.

Persons: Biden’s, Stacy Cowley Organizations: The New York Times

☆ Amy Olson: What to eat at a golf major when you’re seven months pregnant – peanut butter and jelly sandwiches
▼ + stars: | 2023-07-06 | by ( Jack Bantock | ) edition.cnn.com time to read: +7 min

But before she embraces parenthood, Olson has a golf tournament to try and win – the US Women’s Open, no less. Darron Cummings/APOlson had just one request for the tournament’s organizers: to have peanut butter and jelly sandwiches waiting for her at Pebble Beach. Amateur Brenda Corrie-Kuehn was eight months pregnant when she teed off at the 2001 US Women’s Open, with playing partner Jennifer Greggain well into her second trimester. Olson came close to a first major title at the 2020 US Women's Open. Women’s golf’s oldest major is finally touching down at Pebble Beach, a course that has already captivated Olson with its beauty.

Persons: Amy Olson, Olson, ” Olson, ”, Grant’s, Darron Cummings, –, “, don’t, Amateur Brenda Corrie, Kuehn, Jennifer Greggain, Corrie, Kuehn’s, Rachel, Stacy Lewis, “ I’m, I’m, it’s, there’s, Olson’s, Lim Kim birdied, Carmen Mandato, can’t, what’s Organizations: CNN, LPGA, American, Amateur, Nike, US, South, Evian Locations: Minnesota, “ There’s, North Dakota, South Korean, Pebble

☆ Bernstein's Stacy Rasgon breaks down the second-half playbook for chip stocks
▼ + stars: | 2023-07-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBernstein's Stacy Rasgon breaks down the second-half playbook for chip stocksStacy Rasgon, Bernstein senior semis analyst, joins 'Squawk on the Street' to discuss competition in the semiconductor market, export controls on Chinese semiconductors, and the strength of semiconductor demand.

Persons: Bernstein's Stacy Rasgon, Stacy Rasgon, Bernstein

☆ Automakers' contract negotiations will decide potential EV future for idled Illinois plant
▼ + stars: | 2023-07-05 | by ( Bianca Flowers | Thomson Reuters | Bianca Flowers Is An Award-Winning Multimedia Journalist Based In Chicago Where She Reports On The Backbone Of The U.S. Labor Market. She Covers Agriculture | ) www.reuters.com time to read: +6 min

The real question is how long will UAW workers stay off the job, said Mark Wakefield, co-head of AlixPartners' automotive practice. Around 1,680 union workers company-wide agreed to take the buyout, according to a union representative. He opted for a voluntary transfer to a Stellantis plant in Toledo, Ohio. Illinois Governor J.B. Pritzker has also stepped up efforts to salvage the 58-year-old Belvidere plant that once employed 4,500 union workers. Reporting by Bianca Flowers in Belvidere, Illinois Additonal reporting by Joseph White in Detroit Editing by Ben Klayman and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

Persons: Matt Frantzen, Tesla, Shawn Fain, Fain, Mark Wakefield, Wakefield, Mary Barra, Jim Farley, Barra, Farley, Carlos Tavares, Stellantis, Robert Stacy, Auston Gore, Joe Biden, J.B, Pritzker, Brandon Campbell, Bianca Flowers, Joseph White, Ben Klayman, Matthew Lewis Organizations: United Auto Workers, automakers, UAW, General Motors, Ford, Detroit, CNBC, Detroit Free Press, Stellantis, U.S, Illinois, EVs, Thomson Locations: BELVIDERE , Illinois, Illinois, Belvidere, idled, U.S, Washington, EVs, Toledo , Ohio, Chicago, Belvidere ., Michigan, Indiana, Belvidere , Illinois, Detroit

☆ French Riots Test Macron’s Loyalty to Police
▼ + stars: | 2023-07-03 | by ( Stacy Meichtry | Noemie Bisserbe | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones, 11c93ac1

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/french-riots-escalate-as-macron-struggles-to-respond-2ebbd315

Persons: Dow Jones

Georgetown University in Washington, D.C. Not everyone with debt would have been covered under the Biden administration’s student loan forgiveness plan. The Supreme Court has barred the Biden administration from carrying out its plan to extinguish up to $20,000 in federal student loan debt, and millions of borrowers will continue to struggle under the weight of their loans. Ms. Schmidt owes $64,000 in student debt, more than half of which is for her graduate work in nursing. But she’s already contemplating how she’ll finance her dream of becoming a civil rights lawyer, which typically requires an additional six figures in student debt. Yet her mother is still paying down student debt of her own.

Persons: Biden, Gina McDavitt, weren’t, Pell, “, ”, McDavitt, ” Ms, Ms, Monica Schmidt, Schmidt, Kevin Serna, Dorien Rogers, Rogers, Asha Anthony, she’s, —, Anthony, Mr, don’t, Joanna Leiserson, Brian Kaiser, “ I’m, Leiserson Organizations: Georgetown University, Biden, College of San, San Francisco State University, The New York Times, University of Phoenix, Northern Illinois University, Public, Schaun, Tax, Howard University, Salisbury University, The New York, Republicans Locations: Washington ,, College of San Mateo, Bay, Vallejo , Calif, Genoa, Ill, Germantown, Md, Credit, Montgomery County, Mesa, Maryland, Spokane, —, forbearance

your moneyThere are still plenty of ways to get your student debt wiped away. That’s because the Supreme Court’s disapproval of the plan does not change laws and regulations that already give many federal student loan borrowers an escape hatch. What follows is a list of ways to eliminate your federal student loan balance aside from paying in full. If you know someone who is struggling with student loan debt, suggest that the borrower review every last option. Bankruptcy DischargeYes, you can discharge your student loan debt by filing for personal bankruptcy.

Persons: Biden’s, —, It’s, Biden, Tara Siegel Bernard, Ann Carrns, Ann, Donald J, Trump, Tara Organizations: U.S . Department of Education, Education Department, Public, Westwood College, Corinthian Colleges, DeVry University, ITT Technical Institute, Social Security Administration, Department of Veterans Affairs Locations: forbearance

☆ Leaders Seek Green Marshall Plan for Poor Nations
▼ + stars: | 2023-06-23 | by ( Matthew Dalton | Stacy Meichtry | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/leaders-seek-green-marshall-plan-for-poor-nations-71e44e2d

Persons: Dow Jones

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