Latest news with #Apples
Buzz Feed
5 days ago
- Business
- Buzz Feed
Steve Madden's Super Sharp Tariffs Takedown Goes Viral
It seems like the news about Donald Trump's tariffs is never-ending, and so are the stories of real-life Americans whose wallets are hurting because of them. One of the retail sectors being hit the hardest is the fashion industry because of how much it relies on overseas materials sourcing, manufacturing, and importing. So, perhaps no one is better poised to speak on the actual impact of Trump's tariffs than shoe designer and eponymous company founder Steve Madden. Madden recently appeared as a guest on the fashion podcast The Cutting Room Floor, hosted by designer Recho Omondi. A now-viral clip from their conversation has garnered 4.5+ million views and over 5,000 comments, largely praising his expert criticism of Trump's tariffs. At the beginning of the clip, Madden is finishing up a phone call. After he hangs up, the host asks, "But what's the drama, though?" He responds, "The tariffs." Omondi replies, "Oh, so the shoes are getting pricier." Madden says, "Shoes are going up. You can thank your government for that." After some light-hearted banter placing the blame on each other for Trump's election ("I didn't vote for him!" Omondi says), Madden says, "They fundamentally do not understand what they're doing." He then dives into the reality of US commerce with China in a way we don't hear explained often. "The notion is we've lost jobs to China, and we have. But we've picked up other jobs that we would not have had — better jobs, many better jobs — as a result of our relationship with China," he says. "Many more than we would have if they were in a factory making socks." "The iPhone being made in China — the success that that has created — there's probably hundreds of thousands of people working for Apple today in America as a result of them making those phones in China," he continues. "That they would not have had, they'd be in a fucking factory and it would be a third of the workforce." Madden goes on to tie the tariff conversation into another area of timely political discourse. "And at the same time, they're deporting the people that would fucking do it anyway." He also explains that some of the Americans supporting Trump's economic policies are "rich people that made money that didn't build anything, but they made money trading stocks and bonds and buildings. OK. Not hating," he says. "And we are the people that create commerce. The Apples, the Steve Maddens, the Uggs, the Ralph Laurens. We create the economy, and they're destroying it," he concludes. People were so for this level-headed read on how tariffs will actually hurt business. "You know what, Steve Madden shoes are not THAT uncomfortable," this person joked. Other people were laughing about Madden's seemingly obvious political leanings. "This is the best PR steve madden has ever done for his brand," someone wrote. Actually, that was basically the consensus. And this person summed it all up pretty perfectly. What do you think? Sound off in the comments.
Irish Examiner
23-05-2025
- Sport
- Irish Examiner
Valencia poised to open account at the Curragh
The Joseph O'Brien-trained Valencia should open her account in the McGuinness Maintenance Irish EBF Maiden on the first day of the Tattersalls Irish Guineas Festival at the Curragh. This Lope De Vega filly, who missed her intended seasonal return at Leopardstown recently, earned an official mark of 87 in three starts as a juvenile and sets a decent standard in this seven-furlong affair. Seventh behind Sunday's Irish 1,000 Guineas favourite Lake Victoria on her debut over this course and distance last June, she stepped up on her second start, when chasing home Guineas second favourite Swelter in a Leopardstown maiden. Valencia contested the valuable Goffs Million on her final juvenile start and performed creditably of finish fourth, beaten four and a half lengths, behind stablemate Apples And Bananas. That form suggests Valencia should be more than capable of a maiden success, before stepping into stakes company. And this looks an ideal starting-point for her season, with Dylan Brown McMonagle, on his first day back after suspension, in the saddle. Of the others with form, Collecting Coin and Poweracclaim might prove the biggest threats to Valencia while the Dermot Weld-trained newcomer Fingerpaint, a Kingman filly, would be of interest if she attracts market support. Jessica Harrington, who enjoyed a welcome change of luck with Thrifty Of Digby in Roscommon on Monday, has prospects with once-raced Glitter And Glory in the opening two-year-old auction maiden. By Lucky Vega, this filly did plenty wrong on her debut in a hot Naas maiden last month but shaped with promise. Slowly away, she ran into traffic before coming home well to fill third spot, beaten more than eight lengths, behind Simply Astounding and Cape Sounion. That experience will stand to her today and, unless there's a smart newcomer in the field, she might be capable of opening her account. The featured Heider Family Stables Gallinule Stakes will see Aidan O'Brien's Shackleton, a potentially smart stayer, make his seasonal debut. Winner of a nine-furlong maiden at this venue, Shackleton ended last season with a third in the Zetland at Newmarket. He looks a colt with potential and, if close to full fitness, might outpoint similarly-rated Tiberius Thunder and Thrice and Johnny Murtagh's impressive Navan maiden winner Reyenzi. There's also jumps action in Downpatrick, where Gordon Elliott's Ayr bumper winner Jazz De Cotte, no match for Black Heather on his hurdling bow at Naas, should get punters off to winning start in the Randox Maiden Hurdle.
Yahoo
05-05-2025
- Business
- Yahoo
Jim Cramer Warns Amazon.com (AMZN) Faces 'Hair on the Story' Despite 'One of the World's Best Companies'
We recently published a list of . In this article, we are going to take a look at where Inc. (NASDAQ:AMZN) stands against other stocks that Jim Cramer discussed. During the latest episode of Mad Money, which aired on the 1st of May, Jim Cramer dove straight into the recent tech earnings reports and celebrated the fact that some of the biggest names reported great earnings, saying: 'Sometimes you forget why you ever like something in the first place. Take the super stocks, the hyperscalers, the tech titans, I don't care, whatever you want to call them. These stocks all got lumped together because of their size, their gigantic market caps that dwarf the rest of the market and then they lost their juice. […] We're reminded of how the mega caps got so big to begin with. It's their scale, their smarts, their moats, their balance sheets, and their sensational products.' READ ALSO: And He then emphasized how quickly the market turned around on the back of those great earnings reports: 'Couple weeks ago, the formerly magnificent seven felt impossible to own. But days like today remind you why you avoid these stocks at your own pearl. You got to have a couple of them. These companies are endowed with tens of billions of dollars. They're like nation states. They don't flinch at spending tens of billions to compete in artificial intelligence. They have the flexibility to pivot to what's necessary. […] They're run by seasoned hands who are incorruptible and bold and can course correct if they missed the mark the previous quarter. They are marvellous gems.' Voicing his support for the big American tech companies, he said: 'This is why I take every chance to harangue public officials and urge them to stand up for these companies which because of their size have become honeypots for lawsuits by foreign governments who never stop hitting them up for money. But in the end, their optionality knows no bounds. Save tariffs. Something that they could not have seen coming and snuck up on them very fast. Snuck up on everyone. This has been the roughest stretch for these amazing companies that I can recall. ' Finally, he gave his nod of approval to these resilient companies, before beginning to analyze their recent earnings reports: 'But the bottom line, if we're in for lean times, you know what? It's quarters like these that remind me that these mega caps were built to prosper, built to make money in any kind of market, and they're truly ready to excel when things turn south for everybody else, including Apples.' For this article, we compiled a list of 8 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on May 1. We listed the stocks in the order that Cramer mentioned them. We also provided hedge fund sentiment for each stock as of the fourth quarter of 2024, which was taken from Insider Monkey's database of over 1,000 hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). Inc. (NASDAQ:AMZN) came up as part of the broader tech earnings conversation, with Cramer calling its Q1 results strong despite the stock trading lower on a conservative outlook. He broke down both the positive earnings surprise and the mixed reception to AWS's performance. Here's what he said: 'Then there's Amazon, which is trading lower after hours because the company gave a conservative forecast for the second quarter, as they typically do. And who can blame them given the impossible-to-game tariff situation. Here's what Lakehouse Global Growth Fund said about Inc. (NASDAQ:AMZN) in its Q1 2025 investor letter: 'Amazon posted a solid quarterly result with ongoing cost discipline driving significant operating leverage across the business. Net sales grew 10% year-over-year (11% in constant currency terms) to $187.8 billion whilst operating income grew 61% to $21.2 billion, well ahead of guidance and analysts' expectations. Growth within the core e-commerce business remained healthy as the company delivered a recordbreaking Black Friday and Cyber Monday holiday shopping event. For the past two years now, management has been laser focused on driving efficiencies across the retail operations and these efforts are continuing to pay off. Notably, retail margins for their international segment have now been positive for four straight quarters and currently sit at 3.0%, which is pretty remarkable considering that just over two years ago they sat at -8.9%.' Overall, AMZN ranks 1st on our list of stocks that Jim Cramer discussed. While we acknowledge the potential of AMZN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than AMZN but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
05-05-2025
- Business
- Yahoo
Jim Cramer Surprised Alphabet (GOOGL) AI 'Didn't Cannibalize Google' — Still 'Doesn't Care for the Stock'
We recently published a list of . In this article, we are going to take a look at where Alphabet Inc. (NASDAQ:GOOGL) stands against other stocks that Jim Cramer discussed. During the latest episode of Mad Money, which aired on the 1st of May, Jim Cramer dove straight into the recent tech earnings reports and celebrated the fact that some of the biggest names reported great earnings, saying: 'Sometimes you forget why you ever like something in the first place. Take the super stocks, the hyperscalers, the tech titans, I don't care, whatever you want to call them. These stocks all got lumped together because of their size, their gigantic market caps that dwarf the rest of the market and then they lost their juice. […] We're reminded of how the mega caps got so big to begin with. It's their scale, their smarts, their moats, their balance sheets, and their sensational products.' READ ALSO: And He then emphasized how quickly the market turned around on the back of those great earnings reports: 'Couple weeks ago, the formerly magnificent seven felt impossible to own. But days like today remind you why you avoid these stocks at your own pearl. You got to have a couple of them. These companies are endowed with tens of billions of dollars. They're like nation states. They don't flinch at spending tens of billions to compete in artificial intelligence. They have the flexibility to pivot to what's necessary. […] They're run by seasoned hands who are incorruptible and bold and can course correct if they missed the mark the previous quarter. They are marvellous gems.' Voicing his support for the big American tech companies, he said: 'This is why I take every chance to harangue public officials and urge them to stand up for these companies which because of their size have become honeypots for lawsuits by foreign governments who never stop hitting them up for money. But in the end, their optionality knows no bounds. Save tariffs. Something that they could not have seen coming and snuck up on them very fast. Snuck up on everyone. This has been the roughest stretch for these amazing companies that I can recall. ' Finally, he gave his nod of approval to these resilient companies, before beginning to analyze their recent earnings reports: 'But the bottom line, if we're in for lean times, you know what? It's quarters like these that remind me that these mega caps were built to prosper, built to make money in any kind of market, and they're truly ready to excel when things turn south for everybody else, including Apples.' For this article, we compiled a list of 8 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on May 1. We listed the stocks in the order that Cramer mentioned them. We also provided hedge fund sentiment for each stock as of the fourth quarter of 2024, which was taken from Insider Monkey's database of over 1,000 hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).Cramer briefly addressed Alphabet Inc. (NASDAQ:GOOGL) in the context of tech's recent earnings, noting surprise that its AI product Gemini hadn't hurt core search revenues. Although he personally no longer favors the stock, he acknowledged its resilience in the current market: 'We've heard already from Alphabet, which surprised people with how Chatbot Gemini didn't cannibalize Google, even though there are concerns that Google made less money per search click and it could spiral. I don't care for the stock anymore, but I do know it's done better than most stocks in this market since in the last few weeks.' Here's what Oakmark Fund said about Alphabet Inc. (NASDAQ:GOOGL) in its Q1 2025 investor letter: 'Alphabet was the top detractor during the quarter. The U.S.-headquartered company's stock price declined despite having posted fourth-quarter 2024 earnings that were in line with consensus expectations. Search revenue growth remained strong, and management reiterated that the new 'AI Overviews' feature is driving higher engagement with comparable monetization. The one miss during the quarter was in the Cloud segment, where revenue grew 30% year-over-year but fell slightly short of consensus expectations. We believe the shortfall was largely due to short-term capacity constraints and that the long-term growth outlook for Google Cloud remains robust. We continue to see Alphabet as a collection of great businesses that can further benefit from the company's world class AI capabilities. With shares trading at just 15x our estimate of next year's earnings per share, we believe the stock is meaningfully undervalued.' Overall, GOOGL ranks 5th on our list of stocks that Jim Cramer discussed. While we acknowledge the potential of GOOGL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than GOOGL but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Forbes
17-04-2025
- Forbes
iOS 18.4.1 Update: Download It Now To Protect Your Phone
iPhone 16 in Teal Prakhar Khanna Apple recently released the iOS 18.4 update with a slew of new features, including new emojis and expanding Apple Intelligence to more regions. A couple of weeks after that update, the Cupertino company has started rolling out iOS 18.4.1 to fix a vulnerability that could have exposed your iPhone and iPad to "extremely sophisticated" attacks. The latest update patches two key security issues, so it is recommended to update your iPhone and iPad as soon as possible. Forbes Apple Intelligence Expands To More Regions: 11 Features You Should Try By Prakhar Khanna Apple identified two vulnerabilities that may have been used in targeted attacks against specific individuals. While you might not be the intended target of these attacks, it is recommended that you download this update to ensure you have the most protection available on your Apple devices. iPhone 16e Prakhar Khanna According to iOS 18.4.1 release notes, the latest update patches two security vulnerabilities: one in Core Audio and the other in RPAC, which is a security measure Apple uses to protect against the exploitation of memory corruption bugs. For the Core Audio issue, Apple notes that processing an audio stream in a maliciously crafted media file may result in code execution. As for RPAC, an attacker with arbitrary read and write capability may have been able to 'bypass Pointer Authentication.' Apples says, it is "aware of a report that this issue may have been exploited in an extremely sophisticated attack against specific targeted individuals on iOS.' The latest iOS 18.4.1 update also fixes a rare CarPlay issue where the wireless CarPlay connection wasn't being detected in certain vehicles. Which iPhones And iPads Were Affected? These vulnerabilities could've affected a large number of iPhones and iPads. The iOS 18.4.1 and iPadOS 18.4.1 update is available for the following devices: Forbes iPhone 16e Vs iPhone 16: What Do You Get For $200 More? By Prakhar Khanna iPhone XS and later iPad Pro 13-inch iPad Pro 13.9-inch 3rd generation and later iPad Pro 11-inch 1st generation and later iPad Air 3rd generation and later iPad 7th generation and later iPad mini 5th generation and later iPhone 16e Prakhar Khanna You can follow these steps to download the crucial iOS 18.4.1 update: Go to Settings . Tap on General > Software Update . Tap on Update Now . Your iPhone and iPad will then check for the over-the-air update and start downloading the 570MB update once detected. Forbes iPhone 17 Air Leak Shows Ultra-Thin Design In Alleged Hands-On Images By Prakhar Khanna
