Category: 3. Business

  • Wall Street Remains Bullish on Apple (AAPL) Amid AI Upside and Resilient Earnings

    Wall Street Remains Bullish on Apple (AAPL) Amid AI Upside and Resilient Earnings

    Apple Inc. (NASDAQ:AAPL) is one of the AI Stocks Investors Are Watching Right Now. On August 13, Bank of America reiterated its bullish stance on Dell and Apple in a note to clients.

    The firm cited early-stage artificial intelligence adoption and a pending PC refresh cycle as key drivers for the sector.

    Particularly for Apple, it maintained a Buy rating, pointing to “resilient earnings, strong capital returns and optionality to monetize incremental avenues of growth.”

    Wall Street Remains Bullish on Apple (AAPL) Amid AI Upside and Resilient Earnings

    Pixabay/Public Domain

    Analysts on Wall Street have a consensus Buy rating on the stock. The average price target of $240 implies a 3.2% upside; however, the Street-high target of $275 implies an upside of 18.3%.

    Apple is a technology company known for its consumer electronics, software, and services.

    While we acknowledge the potential of AAPL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

    READ NEXT: 10 Must-Watch AI Stocks on Wall Street and 10 AI Stocks Making Headlines This Week.

    Disclosure: None.

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  • Use The Bounce In Share Price To Sell, Says Jim Cramer

    Use The Bounce In Share Price To Sell, Says Jim Cramer

    We recently published 12 Latest Stocks Jim Cramer Discussed. Brown-Forman Corporation (NYSE:BF-B) is one of the stocks Jim Cramer recently discussed.

    Brown-Forman Corporation (NYSE:BF-B) is the struggling alcoholic beverages firm whose shares have lost 18% year-to-date on the back of a massive 17.9% dip in June. The shares fell after the firm’s quarterly report saw its $894 million in revenue miss $967 million in analyst estimates and its $0.31 EPS miss estimates of $0.34.

    “In this country we once had prohibition, I’m beginning to think we now have self-prohibition. There’s a Gallup poll, talking about American self-reported drinking down 54% after consecutive declines. Believe moderate drinking is bad for health. The Gen Zs aren’t drinking. . . .Beer remains America’s favorite booze, I’m not going to go into beer stocks, . . .But I do think that there has been a little bit of a bounce in . . .Brown-Forman, and that’s a good opportunity to exit. Because this is a mocktail era. People are, I mean it really is temperance. And there are a lot of people who feel that even red wine, they finally got rid of that canard. So be careful in the liquor story because its just not getting better, it’s getting worse.”

    Here’s what Cramer said about Brown-Forman Corporation (NYSE:BF-B) after the earnings report:

    “But the worst one, Brown-Forman, the maker of Jack Daniel’s, which reported a truly terrible quarter. Although if you read the press release propaganda, you might have thought everything’s fabulous. Of course, when you look at the stock, which plummeted nearly 18% today, you’ll notice that it finished even worse than Tesla stock, which is saying something given the war of words between Elon Musk and President Trump, one of the worst spitball competitions I have ever seen.

    Brown-Forman Corporation (BF-B): Use The Bounce In Share Price To Sell, Says Jim Cramer

    There’s the brand issue. Somehow, Jack Daniel’s just isn’t selling as, the way as it used to. Hey, by the way, same goes for their biggest tequilas, like el Jimador and Herradura, two mainstays that both declined 13% in the fiscal year that just ended in April.

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  • New Zealand's a2 Milk full-year profit rises 21% – Reuters

    1. New Zealand’s a2 Milk full-year profit rises 21%  Reuters
    2. A2 Milk’s profit soars to over $200m  RNZ
    3. The a2 Milk Company buys Yashili NZ, divests Mataura Valley Milk to Open Country Dairy  BusinessDesk | NZ
    4. Two milk processing plants changing hands  Rural News Group
    5. Growing presence in China leads to $2 billion revenue for A2 Milk  ThePost.co.nz

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  • Advent to acquire U-Blox

    Advent to acquire U-Blox

    Private-equity group Advent International said on Sunday it has agreed to take over Switzerland’s U-Blox in a cash offer worth some 1.05 billion Swiss francs ($1.30 billion).

    Advent said its public tender offer for U-Blox’s shares would be carried out by its indirect subsidiary ZI Zenith.

    The 135 Swiss francs per share offer represents a 53% premium to the undisturbed volume-weighted average share price of the last six months, Advent said in a statement with U-Blox.

    The tender offer is subject to terms and conditions, and regulatory approvals customary for such transactions, and is expected to be settled within the next six months, it added.

    U-Blox, a maker of microchips and software for car navigation, said on Friday it was in talks with Advent.

    The Swiss technology group, which went public in 2007, said last week it cut its first-half loss before interest and tax to 7.7 million francs from a loss of 28 million a year earlier.

    Earlier this year, the firm sold a unit making cellular modules for wireless communication to focus on navigation and positioning technology used in cars, robots and farm equipment.

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  • TikTok Shop fakes prompts Welsh company to pull products

    TikTok Shop fakes prompts Welsh company to pull products

    Hair Syrup A young woman with long brown hair and a beige top smiling. Hair Syrup

    Lucie MaCleod made an appearance on BBC’s Dragons Den with her hair oils

    An entrepreneur has pulled her haircare products off e-commerce platform TikTok Shop, after several accounts listed fakes on the site.

    Lucie MaCleod, 25, who grew up in Pembrokeshire, is the owner and founder of haircare company Hair Syrup and said she was making “millions of pounds” through the platform but had to ditch it due to knock-offs.

    City of London Trading Standards – the regional team with the power to investigate TikTok – said it had “serious concerns about TikTok Shop regarding the sale of a range of unsafe products advertised on this platform”.

    TikTok Shop has been asked to comment.

    Miss MaCleod said her company, which is based in Goodwick, had nearly half of its revenue from TikTok Shop last year, but that has dropped to a quarter this year.

    But she has now pulled her range from the site after other accounts starting selling knock-off versions of her hair oils, prompting complaints from customers.

    “It’s a huge platform for us and it makes us millions of pounds every year. So it’s not good when we have problems with it,” she said.

    She said the process of being able to sell on the site was far too easy: “The people selling it just have to provide a letter, essentially a forged letter of approval, that’s all that was required of them.

    “We were having so many complaints off people. People were making social media posts saying they would never buy from us again.

    “And when we would look into these, we’d reply to these people and say ‘sorry, but that’s not even our product’, but the damage had been done.”

    Hair Syrup A young woman wearing a plain white, long-sleeved top. She has long, dark wavy hair that goes to her stomach and she is holding a hair serum bottle in her right hand, above her head, pretending to pour it on herself. She is in front of a plain purple background and four arms are holding food items in her direction, including a coconut, lime and a kiwi Hair Syrup

    Lucie said, as well as the fake products being sold online, it was a hassle to get them removed by TikTok

    Miss MaCleod was able to get TikTok Shop to remove the fake products and the accounts, but said: “At the beginning, the processes of getting these fakes taken down, the hoops that we were being made to jump through, the paperwork, it was all just quite frankly ridiculous to prove that this wasn’t us.”

    This was not the only issue she had with the retailer.

    She said: “With TikTok, people are having so many problems with it, they don’t have real customer service. They’ve just got these AI agents.

    “If you want to order 10 things off TikTok shop, you might get them really discounted, but then you have to pay for shipping four times.”

    Miss MaCleod now sells her products on an alternative cosmetic retailer site and believes there will be a shift in consumer purchasing habits after the problems on TikTok Shop.

    “We’ve been redirecting people because they know that they are the actual authentic products,” she said.

    “I think there’s always going to be a space for TikTok Shop, but I do see us moving now more back towards that traditional e-retailer.”

    Phil Lewis, director general of the Anti-Counterfeiting Group (ACG) which represents brands, said buyers need to be “aware of the threats from evermore dangerous counterfeits”.

    “We have witnessed counterfeiters using toxic ingredients that they have blended in industrial machines such as cement mixers.”

    He said while organised criminal counterfeiters were “highly adept at evading existing platforms and systems”, the ACG was “working hard with e-commerce platforms to build more pre-emptive systems and algorithms to identify suspect sellers, to safeguard consumers and prevent the abuse and infiltration of legitimate businesses”.

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  • New Zealand’s a2 Milk full-year profit rises 21%

    New Zealand’s a2 Milk full-year profit rises 21%

    (Reuters) -New Zealand’s a2 Milk Co reported a 21.1% rise in its full-year profit on Monday, driven by strong performance of its infant milk formula in its top market China.

    The infant formula maker’s net profit after tax attributable came in at NZ$202.9 million ($120.12 million) for the year ended June 30, up from NZ$167.6 million a year ago. That beat the Visible Alpha consensus of NZ$202.2 million.

    ($1 = 1.6892 New Zealand dollars)

    (Reporting by Sneha Kumar and Kumar Tanishk in Bengaluru; Editing by Chris Reese)

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  • How safe are cruise-ship water slides? A recent incident on a Royal Caribbean sailing raises concerns.

    How safe are cruise-ship water slides? A recent incident on a Royal Caribbean sailing raises concerns.

    By Charles Passy

    The slides are an increasingly popular attraction on many of the mega vessels operated by cruise lines

    Like many cruise ships, Royal Caribbean’s Icon of the Seas features water slides as one of its prime attractions.

    Should you think twice about taking a ride down that water slide on your next cruise?

    That’s what some may be asking in light of the news that a passenger was injured on a slide aboard Royal Caribbean’s Icon of the Seas ship earlier in August. The aftermath of the scene was captured on video, with fellow passengers reacting in horror as water gushed out of a hole in the attraction. “Stop the slide,” yelled one.

    According to reports and a statement from Royal Caribbean (RCL), the passenger did not fall through the hole, but was nevertheless injured when a piece of acrylic glass broke off from the slide. Icon of the Seas, which can hold up to 7,600 passengers plus crew, was dubbed the largest cruise ship in the world when it launched in 2024.

    But the Icon of the Seas incident is far from the only one to have happened on cruise-ship slides, which have become increasingly common features on many of the mega-sized vessels operated by numerous lines. Attorneys whose firms have represented clients in cases against cruise lines say the slides are often not designed ideally for the ships, given the relatively tight spaces they have to fit into versus land-based water slides.

    And that’s on top of the fact a ship is constantly moving, which can put additional stress on the slides, they say.

    “There’s really a degradation of materials at a much faster pace,” said Jason Margulies, a personal-injury lawyer with Lipcon, Margulies & Winkleman, P.A., a Florida-based firm that specializes in maritime and cruise ship cases.

    Margulies’ firm is representing the unnamed passenger involved in the Icon of the Seas incident. In a statement, Alex Perez, another attorney with the firm, said: “Cruise ships have a responsibility to ensure that the attractions they open and encourage passengers to use are safe…Our client and his family are dealing with the catastrophic injuries suffered in this preventable incident, and have requested privacy in order to heal.”

    Royal Caribbean said it does not comment on pending legal matters. Shortly after the Icon of the Seas incident, the company said, “The guest is being treated for his injuries. The water slide is closed for the remainder of the sailing pending an investigation.”

    Other incidents involving cruise-ship slides include a 2015 one aboard the Carnival Cruise Line (CCL) Ecstasy ship that resulted in a lawsuit filed by Margulies and another attorney. In the filing, they wrote that the passenger involved was severely injured due to a variety of issues, including the cruise line failing to “properly configure the waterslide,” failing to have “sufficient assistance for passengers to safely exit the waterslide” and failing to have “sufficient water pressure on the waterslide.”

    According to court records, the case went to mediation and was settled. In a statement about the incident, Carnival said: “We have a dedicated engineering and maintenance team that works closely on the design, construction and upkeep of our water slides and other such recreational structures, including training for our onboard teams as they conduct frequent inspections and routine maintenance, and consulting with other shoreside attractions operators on best practices.”

    “I’m looking at this and going, ‘Where was the preventative maintenance?’”Royce D’Orazio, a former amusement-park ride technician

    A 2022 incident aboard a Norwegian Cruise Line (NCLH) ship involved a passenger getting stuck on a slide, as captured on a TikTok video that received hundreds of thousands of views as well as numerous comments. “I’m having a panic attack just watching this,” one commenter said.

    The passenger was able to eventually exit the slide, according to a report. Norwegian Cruise Line did not respond to a MarketWatch request for comment about the incident.

    Failures with slides are likely not only a result of the aforementioned issues, according to Royce D’Orazio, a former amusement-park ride technician who’s now a content creator. He says the incidents often speak to an upkeep problem.

    “I’m looking at this and going, ‘Where was the preventative maintenance?’” he said of the recent Royal Caribbean incident in particular.

    D’Orazio also says operational issues can contribute to a slide breakdown. For example, a slide might have a weight restriction for individuals to ensure it isn’t tested beyond its structural limits. But staff has to be mindful of that matter and not let certain individuals go through it.

    Of course, incidents with water slides can occur at land-based water parks – and sometimes do, including ones that result in death.

    Still, D’Orazio and others point out that land-based water parks in the U.S. are typically subject to state regulations that require regular inspection of attractions.

    When it comes to cruise ships – at least those that travel in U.S. waters – the U.S. Coast Guard has authority to ensure safety compliance. But a Coast Guard spokesperson said the agency is “not responsible for water slide or other entertainment equipment inspections on cruise ships.”

    That means the issue is often left to the cruise lines, says Jason Turchin, a Florida attorney who has also handled cases involving ships. “The burden lies solely with the lines to make sure rides are up to the standards of the manufacturer,” he said.

    Not that any of this may deter the vast majority of cruise-ship passengers, who readily enjoy the ever-increasing array of amenities that are offered onboard these days without injury. The industry is seeing high demand of late, with 34.6 million passengers boarding ships in 2024 – an increase of 9.3% over the prior year, according to Cruise Lines International Association (CLIA), a trade group.

    CLIA didn’t respond to a MarketWatch request for comment about issues regarding water slides.

    Melissa Newman, a regular cruise-ship passenger who also shares content about her travels online, says she isn’t overly worried about safety issues when it comes to onboard attractions and rides. There’s too much at stake for the ship operators to take the matter lightly, she observes.

    “I’m not terribly concerned because I know that their fear of massive reputational damage from even one tragedy is enough to keep cruise lines vigilant, even without the stricter oversight they’d face on land,” Newman said.

    -Charles Passy

    This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

    (END) Dow Jones Newswires

    08-17-25 1606ET

    Copyright (c) 2025 Dow Jones & Company, Inc.

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  • ACWA Power signs US$3.3bn deal with Kuwait for 2.7 GW Al-Zour North Power and Water Project

    ACWA Power signs US$3.3bn deal with Kuwait for 2.7 GW Al-Zour North Power and Water Project

    The Kuwait Authority for Partnership Projects (KAPP) has signed contracts with Saudi Arabia’s ACWA Power and the Gulf Investment Corporation for phases two and three of the Al-Zour North power plant. The combined value of these two phases exceeds KWD 1bn (approximately US$3.3bn). Once completed, the Al-Zour North project will have a net electricity generation capacity of at least 2.7 GW, based on combined-cycle technology, and a net desalinated water production capacity of no less than 120 million imperial gallons per day (MIGD).

    Under a 25-year offtake agreement, the ACWA Power-led consortium will design, finance, build, operate, maintain, and eventually transfer the plant and its associated infrastructure, under a Build-Operate-Transfer (BOT) model. A project company will be established, with the consortium holding a 40% stake, while KAPP will retain the remaining 60% of the share capital. The plant is expected to become fully operational by 2029.

    As of the end of 2024, Kuwait’s total installed capacity stood at 20.3 GW, almost entirely based on thermal power, comprising 12 GW from gas and 8.3 GW from oil.

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  • 10 Breakthrough Innovations Changing Renewable Energy Forever – fundsforNGOs

    10 Breakthrough Innovations Changing Renewable Energy Forever – fundsforNGOs

    1. 10 Breakthrough Innovations Changing Renewable Energy Forever  fundsforNGOs
    2. Commentary: Solar is powering the future as Washington subsidizes the past  Crain’s Grand Rapids Business
    3. Solar Power: What to know when harnessing the power of the sun  KOIN.com
    4. The Sun’s Gift: How Solar Energy Can Secure Our Future  Space Coast Daily
    5. Solar Energy: Fueling the Future Without Harming the Planet  openPR.com

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  • Two Carnival cruise passengers drown at Celebration Key – Seatrade Cruise News

    1. Two Carnival cruise passengers drown at Celebration Key  Seatrade Cruise News
    2. Two Carnival cruise passengers drown hours apart at newly opened private Celebration Key resort  New York Post
    3. Two US Tourists In Their 70s Die In Separate Drownings At Carnival’s Bahamas Island  Times Now
    4. Police Investigating Drownings of 2 Americans at Bahamas Resort  Newsweek
    5. Celebration Key Resort’s New Focus on Safety After Incident Drives Change in Tourism Practices  Travel And Tour World

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