• Reddit announces another big data-sharing AI deal — this time with OpenAI

    Reddit logo with stock fever lines going up and down in the background
    OpenAI and Reddit struck a new partnership.

    • OpenAI and Reddit are teaming up together in a new partnership.
    • Reddit's content will help train OpenAI's models, the companies announced Thursday.
    • Reddit, meanwhile, gains a new advertising partner in OpenAI. 

    OpenAI and Reddit announced a new partnership on Thursday in a move that will bring the social media platform's popular content to ChatGPT.

    The mutually beneficial deal will help Reddit to further diversify its revenue streams and give OpenAI more data to better train its AI models.

    "OpenAI will bring enhanced Reddit content to ChatGPT and new products, helping users discover and engage with Reddit communities," the companies said in a joint statement.

    OpenAI will also gain access to Reddit's Data API, which will enable the company's AI tools to "better understand and showcase Reddit content, especially on recent topics," according to the announcement.

    Reddit, meanwhile, will gain a new advertising partner in OpenAI. The value of the deal was not disclosed.

    The news sent Reddit shares soaring $12 in extended trade, Reuters reported.

    OpenAI CEO Sam Altman, who holds a sizable stake in Reddit, already reaped a windfall earlier this year when the company went public in March. The Thursday announcement included a disclosure of Altman's shareholder status, confirming the partnership was led by OpenAI's COO and approved by its independent board of directors.

    This is a breaking story. Check back for updates.

    Read the original article on Business Insider
  • As Michael Cohen’s testimony droned on, the real hush-money show moved outdoors with crude balloons and a ‘Beetlejuice’ chant

    A penis balloon with a picture of Jack Smith floats outside Trump's criminal trial. In another moment, a protestor confronts GOP lawmakers.
    The wild scene outside former President Donald Trump's criminal trial rose to a new level Thursday when visitors released penis-shaped balloons and protestors heckled GOP lawmakers.

    • Former Trump lawyer Michael Cohen spent his third day on the stand in the NY hush money trial.
    • As his testimony droned on, the real show was outside, where political stunts were plentiful.
    • There were penis-shaped balloons, and chants of "Beetlejuice!" during a speech by Lauren Boebert.

    It was just after noon when giant, agitprop penises began flying past the sooty limestone facade of the criminal court in Manhattan.

    It was just one of the political pranks seen outside the hush-money trial Thursday — and it was a heck-of-a-lot more interesting than the testimony droning on inside.

    Up on the 15th floor, Donald Trump was on trial for falsifying business records. Key prosecution witness and former Trump attorney Michael Cohen calmly batted away a second day of defense questions about his honesty and motives.

    But on the street right outside the front doors, a prankster tried to release dozens of pro-Trump helium balloons from the back of a U-Haul truck.

    He managed to send only a dozen or so sailing slowly skyward before court officers ordered him to cut it out.

    A balloon in the shape of a penis with Jack Smith's image attached to it
    A pro-Trump protestor released penis balloons, including one with the mage of special counsel Jack Smith, outside the trial. Smith has no connection to the Manhattan trial.

    The balloons were shiny and pink, and bore images of judges and prosecutors who have offended Donald Trump over the past two years, including special prosecutor Jack Smith and the hush-money judge, New York Supreme Court Justice Juan Merchan.

    Others depicted Alvin Bragg, the Manhattan district attorney who won the felony indictment now on trial.

    https://platform.twitter.com/widgets.js

    There were anti-Trump antics outside court on Thursday as well.

    At one point, hecklers yelled "Beetlejuice" at Rep. Lauren Boebert of Colorado, and one tried to hand her a copy of a "Beetlejuice The Musical" playbill to autograph.

    https://platform.twitter.com/widgets.js

    They were not trying to summon Michael Keaton's famous character, but rather trolling the Trump ally over her now-infamous episode, in which she was kicked out of a Colorado production of the "Beetlejuice" musical after being loud and getting handsy with her date.

    She later apologized for her actions at the theater.

    Lauren Boebert looks a someone about to hand her a "Beetlejuice" Playbill.
    Rep. Lauren Boebert, a Colorado Republican, was trolled over her now infamous episode when she got kicked out of a Colorado production of Beetlejuice.

    Republican members of the far-right House Freedom Caucus became the latest group of loyal Trump followers to mount an al fresco show of support for the former president.

    Their presence is about more than just loyalty. As Rep. Matt Gaetz of Florida outlined, they can attack witnesses in ways Trump cannot due to his gag order. Merchan has threatened to jail Trump if he runs afoul of the order again.

    "We're here of our own volition because there are things we can say that President Trump is unjustly not allowed to say," Gaetz told reporters.

    Ralph Norman holds up an image of Donald Trump behind bars
    Rep. Ralph Norman, a South Carolina Republican, said the goal of the trial was to put former President Donald Trump behind bars.

    By day's end on Thursday, one deflated penis balloon had switched sides.

    It wound up as part of a "Convict Trump" sign being waved outside the nearby federal courthouse, where another jury had just heard opening statements in the corruption trial of Sen. Robert Menendez, a Democrat from New Jersey.

    An anti-Trump protester outside the Manhattan federal corruption trial of New Jersey Democrat Sen. Robert Menendez.
    An anti-Trump protester outside the Manhattan federal corruption trial of New Jersey Democrat Sen. Robert Menendez.

    Other political protests around the courthouse have been more muted during the trial's five weeks. (Testimony may conclude as early as Monday, the judge said Thursday.)

    Pro-Trump crowds there rarely exceeded 50 people.

    But that was not the case on Thursday, when even the trash cans were themed.

    https://platform.twitter.com/widgets.js

    Read the original article on Business Insider
  • Ukraine’s getting more longe-range missiles that leave the Russians with ‘nowhere to hide’

    An ATACMS missile being fired at night
    In this handout image released by the South Korean Defense Ministry, an Army Tactical Missile System is fired during a joint training between the United States and South Korea on Oct. 5, 2022 at an undisclosed location.

    • Ukraine's Western allies have promised to send it more long-range missiles.
    • Kyiv has already demonstrated it can use ATACMS and Storm Shadows to hit high-value Russian targets.
    • Former US military officers say more of these missiles will expose Russia on the battlefield.

    NATO countries are outfitting Ukraine with additional long-range precision missiles that have already been used by the country to strike Russian airfields, naval headquarters, bridges, and other high-value targets.

    These Western-provided missiles give Ukraine's deep-strike capability a major firepower boost. Former US military officers told Business Insider that the munitions could help Kyiv go after locations that are essential to Russia's operations, and leave its combat and support forces with "nowhere to hide."

    Ukraine is facing Russian offensives that may get more intense going into the summer, but these weapons could help hamstring Moscow's efforts.

    "If you're worried about Russian forces overrunning your defenses, you want to go after the headquarters and you want to go after the logistics that would enable Russian attacks," said Ben Hodges, a retired lieutenant general and former commander of US Army Europe.

    ATACMS Army Tactical Missile System
    An Army Tactical Missile System during live-fire testing at White Sands Missile Range in New Mexico on Dec. 14, 2021

    The US last month acknowledged that it had secretly shipped Ukraine a number of MGM-140 Army Tactical Missile Systems, also known as ATACMS — earlier this spring as part of a $300 million weapons package it announced in March. The number of missiles isn't publicly known, but ATACMS missiles average about $1.3 million each.

    Jake Sullivan, the Biden administration's national security advisor, said in late April that the US would send Ukraine more ATACMS after passing a $61 billion aid package that spent months held up by Republicans in Congress. The legislation required that Washington transfer the munitions.

    ATACMS are tactical ballistic missiles that come in several variants. Ukraine previously received ones that have a range of 100 miles and can disperse nearly 1,000 submunitions over a large area, making them particularly damaging to airfields. Last fall, Kyiv used the missiles for that exact purpose.

    The US also has ATACMS that can travel up to 190 miles; one variant has a unitary warhead, while the other can scatter some 300 submunitions. Ukraine has long pressed Washington for these extended-range missiles, though it's unclear what Kyiv has actually obtained.

    A still from a video shared by the General Staff of the Ukrainian Armed Forces of ATACMS in use at night time
    A still from a video shared by the Ukrainian military of ATACMS in use.

    Around the same time, in late April, the UK announced it would send Ukraine additional Storm Shadow cruise missiles as part of the country's largest-ever weapons package (£500 million, or $633 million), which included over 1,600 strike and air-defense munitions.

    Days later, Britain's defense minister Grant Shapps disclosed for the first time that Italy had, at some point, also supplied Kyiv with Storm Shadow cruise missiles (France has sent Kyiv its own version of the munition called SCALP-EG).

    These air-dropped missiles can fly at low altitudes to avoid detection and have been used to strike Russian naval headquarters and vehicle-repair depots in the occupied Crimean peninsula. Their 155-mile range puts them in between the ATACMS variants.

    It's unclear exactly how many ATACMS and Storm Shadow missiles have already arrived in Ukraine this spring, nor is it known how many more the country can expect to receive in the coming weeks as it tries to stall Russia's momentum on the ground. Kyiv previously obtained a limited number of both munitions from the US and its European allies.

    A MBDA Storm Shadow/Scalp missile at the Farnborough Airshow, UK.
    A MBDA Storm Shadow/SCALP missile at the Farnborough Airshow in UK on July 17, 2018.

    A larger arsenal of missiles could strip Russia of its ability to stage crucial assets within 100 miles of the front lines, said Dan Rice, a former US Army artillery officer who previously served as a special advisor to Ukrainian military leadership. "That puts tremendous pressure on all of their key high-value targets."

    "You have a 600-mile front and then you've got a hundred miles deep — where do you hide everything?" said Rice, a longtime advocate for sending cluster munitions to Ukraine and now the president of American University Kyiv. "Your transportation nodes, your railway stations, your supply depots, command and control — most importantly, your anti-aircraft systems."

    Ukraine's battlefield reach has steadily grown throughout the full-scale war. What started out with short-range artillery improved over time with the arrival of US-provided High Mobility Artillery Rocket Systems, or HIMARS. These game-changing weapons suddenly put Russian logistics centers, ammunition dumps, and command and control nodes within firing range.

    Russia adapted to the HIMARS by moving its critical assets out of reach and jamming the munitions. The arrival of Storm Shadow missiles — and, several months later, ATAMCS — presented new challenges for Moscow, but Ukraine has received so few it has had to bee choosy over what to target.

    HIMARS
    A M142 HIMARS launches a rocket in Donetsk Oblast, Ukraine, on May 18, 2023.

    Hodges and Rice say a larger arsenal of ATACMS and Storm Shadows can give Ukraine both the reach and inventory to smash the high-value targets that sustain Moscow's war efforts like supply depots and maintenance facilities. Indeed, Kyiv has used the American missiles in recent weeks to strike Russian airfields and troop gatherings.

    "When you start taking those off the board, then it doesn't matter how much untrained, mass infantry — cannon fodder — that the Russians have," Hodges said. "I think long-range precision strike is becoming the dominant factor on the battlefield."

    Missiles like ATACMS and Storm Shadow "will enable Ukraine to neutralize Russia's advantages and eventually enable them to regain the initiative," he added. Ukraine has also long sought Germany's Taurus missile, whose range is more than a 100 miles farther than ATACMS, but Berlin has so far declined to provide them.

    The increased arsenal comes at a critical point. Russia is making gains on the battlefield as its bigger war industry shifts to mass-producing the drones and glide bombs that are pounding Ukraine's defenses.

    Image of a  FAB-500 bomb taken from a Russian Su-34 bomber.
    Russian Su-34 bombers used FAB-500 bombs with high-precision guidance hit Ukrainian fortifications and troops in the direction of Avdiivka on March 8, 2024.

    Ultimately, however, the effectiveness of Kyiv's long-range strike regime depends on how many munitions it receives — and how it uses them. Ukraine had long been restricted to using ATACMS and Storm Shadow missiles only inside occupied territory, although the UK recently agreed to let Kyiv use its weapons to strike inside Russia.

    Whether or not the US follows suit remains to be seen. Analysts and officials have said that US restrictions went on to prevent Ukraine from putting up an effective defense and have essentially allowed Russia to conduct a new assault in the northeastern Kharkiv region.

    The advances appear to be the start of Moscow's anticipated summer offensive, as Ukrainian forces are increasingly stretched out across the front, Jack Watling, a senior research fellow at the Royal United Services Institute think tank, warned in an analysis this week.

    "The outlook in Ukraine is bleak," Watling said. "However, if Ukraine's allies engage now to replenish Ukrainian munitions stockpiles, help to establish a robust training pipeline, and make the industrial investments to sustain the effort, then Russia's summer offensive can be blunted, and Ukraine will receive the breathing space it needs to regain the initiative."

    Read the original article on Business Insider
  • 16 House Democrats vote to force Biden to deliver withheld aid to Israel

    Rep. Ritchie Torres of New York was among the House Democrats who voted for the GOP-led bill.
    Rep. Ritchie Torres of New York was among the House Democrats who voted for the GOP-led bill.

    • Biden is withholding some military aid to Israel over concerns with its war in Gaza.
    • House Republicans put forward a bill designed to force Biden to deliver that aid anyway.
    • All but a handful of House Democrats voted against it.

    16 House Democrats on Thursday voted for a bill designed to force President Joe Biden to provide all military aid to Israel — or risk the defunding of crucial national security-related offices.

    That included Reps. Matthew Cartwright of Pennsylvania, Greg Landsman of Ohio, Jared Golden of Maine, and Tom Suozzi and Ritchie Torres of New York.

    Three Republicans — including Rep. Thomas Massie of Kentucky, Marjorie Taylor Greene of Georgia, and Warren Davidson of Ohio — voted against it.

    The bill easily passed the House on an otherwise party-line vote, with almost every Republican voting for it and the vast majority of Democrats voting against it.

    But it will not be taken up in the Democratic-controlled Senate and President Joe Biden has threatened to veto the bill, which was proposed by Republicans after Biden revealed that he was withholding some offensive weapons from Israel over concerns about the Jewish state's invasion Rafah, a city in southern Gaza where hundreds of thousands of Palestinian refugees are located.

    Republicans in particular have sought to hit Biden for that move, including Rep. Cory Mills of Florida, a Republican who voted against Israel aid but has now introduced articles of impeachment against Biden for withholding that aid.

    Specifically, the "Israel Security Assistance Support Act" does the following:

    • condemns Biden's decision and calls on him to provide all of the approved aid to Israel;
    • strips the salaries of any State Department or Pentagon employees who assist in withholding aid;
    • withholds funding for the Secretary of Defense, Secretary of State, and the National Security Council until all of the withheld aid has been delivered.

    The White House told members of Congress on Tuesday that it strongly opposes the bill, arguing that it "would undermine the President's ability to execute an effective foreign policy" and that it could "lead to spiraling unintended consequences" by constraining the president's ability to adjust assistance levels in the future.

    House Democratic leadership also pushed rank-and-file members hard to vote against the bill, prompting at least one Democrat to avoid stating his position ahead of time.

    "I know how I'm gonna vote, and nothing's gonna move me off of that," said Rep. Jared Golden of Maine, one of the most vulnerable swing-district Democrats in the House.

    Jewish Democrats ended up being split on the bill, with several of them arguing that Republicans were merely attempting to use Israel as a wedge to divide Democrats.

    Among them was Rep. Greg Landsman of Ohio, who told Business Insider in a statement that he would vote for the bill while calling on Republicans to amend it. He also argued more "clarity" is needed from the Biden administration on its Israel policy.

    Since October 7, the House has taken a variety of Israel-related votes that have split House Democrats, including one that equated anti-Zionism with antisemitism and another that was designed to crack down on campus antisemitism but faced free speech-related criticism.

    Last month, 37 House Democrats voted against a bill to provide the military aid to Israel that Biden is now partially withholding.

    This story will be updated with a full list of the House Democrats who voted for the bill when it becomes available via the House Clerk.

    Read the original article on Business Insider
  • 2 of the best ASX 200 blue chip shares to buy in May

    A group of businesspeople clapping.

    There are plenty of blue chip shares on the ASX 200 index. But which ones could be buys in May?

    Let’s take a look at two shares that are rated as best buys by a couple of leading brokers right now. They are as follows:

    Coles Group Ltd (ASX: COL)

    Analysts at Morgans think that this supermarket giant would be a great ASX 200 blue chip share to buy this month. So much so, the broker has added it to its best ideas list in May.

    It believes that recent share price weakness has created a buying opportunity for investors. The broker said:

    In our view, the ongoing scrutiny on the supermarkets has affected short term sentiment in the sector, which we believe creates a good buying opportunity in COL. While Liquor sales remain soft, we expect the core Supermarkets division (~92% of earnings) to continue to be supported by further improvement in product availability, reduction in total loss, greater in-home consumption due to cost-of-living pressures, and population growth.

    Morgans currently has an add rating and $18.95 price target on the company’s shares. This implies potential upside of 15% for investors over the next 12 months. The broker also expects a ~4% fully franked dividend yield from its shares.

    ResMed Inc. (ASX: RMD)

    The team at Bell Potter has named this sleep disorder treatment company as an ASX 200 blue chip share to buy. Its analysts have ResMed on their Australian Equities Panel. These are the broker’s favoured Australian equities that offer attractive risk-adjusted returns over the long term.

    Bell Potter likes the company due to its significant opportunity as a leader in obstructive sleep apnoea (OSA) and other sleep disorders. It said:

    The market for OSA and chronic obstructive pulmonary disease (COPD) remains under penetrated, and we expect industry volume growth to continue in the 6-8% range for the foreseeable future. In this regard, the competitive dynamics are very much in favour of RMD due to the Philips recall and improving semiconductor availability. Looking ahead, ResMed continues to expect device sales to be sequentially higher throughout CY2023. Furthermore, ResMed is well-positioned to build on its dominant share even after Philips returns to the global market, with the launch of its latest continuous positive airway pressure (CPAP) device, the Air Sense 11.

    The broker has a buy rating and $36.00 price target on its shares. This suggests potential upside of 9% is possible over the next 12 months.

    The post 2 of the best ASX 200 blue chip shares to buy in May appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Coles Group Limited right now?

    Before you buy Coles Group Limited shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Coles Group Limited wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    See The 5 Stocks
    *Returns as of 5 May 2024

    More reading

    Motley Fool contributor James Mickleboro has positions in ResMed. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended ResMed. The Motley Fool Australia has positions in and has recommended Coles Group and ResMed. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • Buy one, sell the other: Goldman’s verdict on these 2 ASX 200 travel shares

    A smiling boy holds a toy plane aloft while a girl watches on from a car near an airport runway.

    Top broker Goldman Sachs reckons one of these ASX 200 travel shares could deliver 30% share price growth in just one year.

    Let’s review the broker’s latest analysis on Australia’s national carrier and ASX airline share Qantas Airways Limited (ASX: QAN) and global travel agency Flight Centre Travel Group Ltd (ASX: FLT).

    Why ASX 200 travel share Qantas is a buy

    Goldman has a buy rating on Qantas with a 12-month share price target of $8.05.

    The ASX 200 airline share closed at $6.15 on Thursday, down 0.49% for the day.

    So, Goldman’s price target implies a potential 31% upside for investors who buy Qantas shares today.

    The Qantas share price has lost 2.5% over the past 12 months.

    The last piece of price-sensitive news out of Qantas was on 6 May, when the company announced a settlement with the Australian Competition and Consumer Commission (ACCC) over misleading conduct.

    Qantas admitted it misled customers by advertising tickets for tens of thousands of flights it had already decided to cancel and cancelling other flights without informing ticketholders in a timely manner.

    Qantas will pay a civil penalty of $100 million plus $20 million to more than 86,000 affected customers.

    Goldman analysts Niraj Shah and Joseph Kusia say the ASX 200 travel stock is a key beneficiary of the post-pandemic travel recovery.

    They expect the airline’s traffic capacity to return to 95% of pre-COVID levels by FY24, with its earnings capacity to exceed pre-COVID levels by about 52%.

    They also forecast an approximate 24% FY19-24e cumulative uplift in unit revenues (c. 4.4% pa) and about a 50% drop-through of the company’s $1 billion structural cost-out program.

    The analysts concluded the ASX 200 travel share was not appropriately priced by the market, commenting:

    QAN’s current market capitalisation and enterprise value are 10% below and 11% below pre-COVID levels. As such, we believe QAN is not priced for a generic recovery, let alone prospects for improved earnings capacity.

    We continue to see upside associated with substantially improved MT earnings capacity. 

    Some hedge funds have recently targeted the ASX 200 travel stock, driving short-selling to multi-year highs.

    Shah and Kusia outline some downside risks for Qantas:

    Slower-than-expected traffic recovery; structurally reduced travel demand post-pandemic; irrational domestic market pricing; higher than expected fuel prices and unfavourable fx.

    Why Flight Centre shares are a sell

    Goldman has a sell rating on Flight Centre with a 12-month share price target of $18.30.

    The ASX 200 travel share closed at $20.70 on Thursday, up 0.39% for the day.

    So, Goldman’s price forecast implies a potential 11.6% downside for investors who buy Flight Centre shares today.

    The Flight Centre share price has lost 3.3% over the past 12 months.

    The last price-sensitive news from Flight Centre came on 8 May. The company delivered a new investor presentation and trading update at the Macquarie Conference.

    Goldman analysts Lisa Deng and James Leigh said:

    FLT provided its trading update for 3Q24 and reiterated group underlying PBT guidance of A$300-340mn for FY24 (A$270 – A$310mn excluding Convertible Note amortisation).

    While our calculation of implied 3Q24 numbers suggests that there is slightly below-expectations run-rate in Corporate, this will likely be offset by above-expectations run-rate in Leisure.

    Net net, we continue to see recovery and competitive risks in Corporate per our downgrade in March 2024 and our thesis remains unchanged.

    However, the analysts can see some upside risks for Flight Centre, including:

    Higher Leisure revenue margin on business mix; 2) better-than-expected Corporate traveller and Corporate cost management; and 3) better-than-expected Corporate on market share gains.

    The post Buy one, sell the other: Goldman’s verdict on these 2 ASX 200 travel shares appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Flight Centre Travel Group Limited right now?

    Before you buy Flight Centre Travel Group Limited shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Flight Centre Travel Group Limited wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    See The 5 Stocks
    *Returns as of 5 May 2024

    More reading

    Motley Fool contributor Bronwyn Allen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group. The Motley Fool Australia has recommended Flight Centre Travel Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • 5 things to watch on the ASX 200 on Friday

    On Thursday, the S&P/ASX 200 Index (ASX: XJO) had a day to remember after softer than expected US inflation put a rocket under the share market. The benchmark index rose 1.65% to 7,881.3 points.

    Will the market be able to build on this on Friday and end the week on a high? Here are five things to watch:

    ASX 200 poised to fall

    The Australian share market looks set to end the week in the red following a subdued session on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open 35 points or 0.45% lower this morning. On Wall Street, the Dow Jones was down 0.1%, the S&P 500 fell 0.2%, and the NASDAQ was 0.25% lower. The Dow Jones briefly hit 40,000 points for the first time before giving back its gains.

    Oil prices rise

    ASX 200 energy shares Beach Energy Ltd (ASX: BPT) and Karoon Energy Ltd (ASX: KAR) could have a good finish to the week after oil prices edged higher overnight. According to Bloomberg, the WTI crude oil price is up 0.8% to US$79.60 a barrel and the Brent crude oil price is up 0.7% to US$84.19 a barrel. Traders have been bidding oil higher in response to falling US inventories and signs that inflation is easing.

    Buy Graincorp shares

    The Graincorp Ltd (ASX: GNC) share price could be good value according to analysts at Bell Potter. In response to the grain exporter’s half year results, the broker has reaffirmed its buy rating with an improved price target of $9.50. This implies potential upside of almost 17% for investors. In addition, the broker expects a 3.9% dividend yield from its shares. Commenting on the result, it said: “GNC reported a 1H24 underlying NPAT modestly ahead of our expectations at $56.5m (BPe $54.8m).”

    Gold price falls

    ASX 200 gold shares Evolution Mining Ltd (ASX: EVN) and Northern Star Resources Ltd (ASX: NST) could have a poor finish to the week after the gold price tumbled overnight. According to CNBC, the spot gold price is down 0.45% to US$2,383.8 an ounce. This may have been driven by profit taking following a strong gain this week.

    Incitec Pivots shares are a buy

    Incitec Pivot Ltd (ASX: IPL) shares can keep climbing according to analysts at Goldman Sachs. In response to its well-received half year results, the broker has reaffirmed its buy rating on the fertiliser and commercial explosives company’s shares with an improved price target of $3.35. It commented: “Solid APAC pricing momentum, Fertiliser sale process ongoing & Transformational program flagged.”

    The post 5 things to watch on the ASX 200 on Friday appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Beach Energy Limited right now?

    Before you buy Beach Energy Limited shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Beach Energy Limited wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    See The 5 Stocks
    *Returns as of 5 May 2024

    More reading

    Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • How much could a $10,000 investment in Woodside shares be worth in 12 months?

    Woodside Energy Group Ltd (ASX: WDS) shares have been out of form this year.

    So much so, with the energy giant’s shares down 18% since this time last year and currently changing hands for $27.92, they are trading within sight of their two-year low of $27.03.

    While this is disappointing for shareholders, could it prove to be a great time to buy for non-shareholders?

    To find out, let’s see what a $10,000 investment in Woodside shares could become in one year based on what a leading broker is saying about the country’s leading energy producer.

    Investing $10,000 into Woodside shares

    Firstly, with the company’s shares fetching $27.92, you would need to invest $10,023.28 to end up with 359 units.

    According to a note out of Morgans, its analysts believe that Woodside’s shares are extremely undervalued and big returns could be on the cards over the next 12 months.

    The note reveals that the broker has the company on its best ideas list with an add rating and $36.00 price target.

    If its shares were to rise to that level, it would value those 359 units at a sizeable $12,924. That’s almost 30% or $3,000 greater than what you started with.

    Already it is looking like a very fruitful investment. But there’s still more to come according to the broker.

    Morgans is forecasting fully franked dividends of $1.25 per share in FY 2024 and then $1.57 per share in FY 2025. This represents attractive dividend yields of 4.5% and 5.6%, respectively.

    This will add income of $448.75 this year and then $563.63 in 2025. The former boosts the total 12-month return to approximately $3,350, which represents a return on investment of around 33%.

    Why is the broker bullish on Woodside?

    Morgans thinks that recent share price weakness has created a buying opportunity for investors. Especially given the quality of its earnings and an improving outlook for a key growth project. It explains:

    A tier 1 upstream oil and gas operator with high-quality earnings that we see as likely to continue pursuing an opportunistic acquisition strategy. WDS’s share price has been under pressure in recent months from a combination of oil price volatility and approval issues at Scarborough, its key offshore growth project. With both of those factors now having moderated, with the pullback in oil prices moderating and work at Scarborough back underway, we see now as a good time to add to positions. Increasing our conviction in our call is the progress WDS is making through the current capex phase, while maintaining a healthy balance sheet and healthy dividend profile. WDS still has to address long-term issues in its fundamentals (such as declining production from key projects NWS/Pluto), but will still generate substantial high-quality earnings for years to come.

    The post How much could a $10,000 investment in Woodside shares be worth in 12 months? appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Woodside Petroleum Ltd right now?

    Before you buy Woodside Petroleum Ltd shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Woodside Petroleum Ltd wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    See The 5 Stocks
    *Returns as of 5 May 2024

    More reading

    Motley Fool contributor James Mickleboro has positions in Woodside Energy Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • What is the dividend yield of Wesfarmers shares?

    Man holding a calculator with Australian dollar notes, symbolising dividends.

    Owning Wesfarmers Ltd (ASX: WES) shares for dividends is a good tactic because of its long-term history of payouts and the board’s commitment to growing the passive income.

    But, there’s more to being a good ASX dividend share than simply paying a dividend. Ideally, it offers a good dividend yield which can also grow thanks to the ability of companies to re-invest their profits into growing their operations.

    Wesfarmers has done a wonderful job of growing Bunnings, Kmart and Officeworks into the businesses they are today. Those retail businesses and other Wesfarmers subsidiaries are responsible for paying some of the biggest dividend payouts in Australia.

    Passive income payout

    To work out what the dividend yield is, we first need to know what the Wesfarmers dividend is.

    The last two dividend payments from the business amount to $1.94 per share. However, that’s the trailing two dividends. How much could the next two dividends be?

    The estimate on Commsec suggests the Wesfarmers dividend per share could be $1.95 for FY24, while the FY25 payout could be $2.16 per share (which would be a year over year increase of 7.7%).

    Wesfarmers dividend yield

    To calculate the dividend yield, we divide the dividend by the Wesfarmers share price. To get to the grossed-up dividend yield, we add the franking credits.

    At the current Wesfarmers share price, the FY24 grossed-up dividend yield could be 4%.

    If we look ahead to FY25, the company could pay a grossed-up dividend yield of 4.4%.

    These aren’t the biggest yields in the world, but it means investors are getting a yield that’s competitive with savings accounts, while also offering organic growth.

    Plus, the business is projected to retain a sizeable amount of profit each year to re-invest for more growth and hopefully grow the dividend in future years.

    In FY24, the business is projected to have a dividend payout ratio of 86% in FY24 and 88% in FY25. If the company paid a 100% dividend payout ratio, it would have a grossed-up dividend yield of 4.6% in FY24 and 5% in FY25.

    Are dividends everything?

    For Wesfarmers, the dividend hasn’t been the key part of the returns. It has been capital growth.

    According to CMC Markets, Wesfarmers shares have generated an average total shareholder return of 14.1% per annum over the past decade, compared to 7.7% for the Vanguard Australian Shares Index ETF (ASX: VAS) over the same period.

    Time will tell what the future Wesfarmers dividends will be, but the future is promising with the strength and value of the consumer offering from the key businesses of Bunnings and Kmart.

    The post What is the dividend yield of Wesfarmers shares? appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Wesfarmers Limited right now?

    Before you buy Wesfarmers Limited shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Wesfarmers Limited wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    See The 5 Stocks
    *Returns as of 5 May 2024

    More reading

    Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Wesfarmers. The Motley Fool Australia has positions in and has recommended Wesfarmers. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • The best AirPods of 2024

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    Four types of Apple AirPods on an orange gradient background.
    Apple's AirPods lineup includes three earbud models and one over-head headphone model.

    Apple's AirPods are among the most popular wireless headphones on the market thanks to their solid audio quality, easy pairing with iPhones, and sleek designs. But with four different models to choose from, picking the best AirPods for your needs can be tricky. That's why we've tested the entire lineup to break down the strengths and weaknesses of each option. 

    The best Apple AirPods for most people are the AirPods Pro (2nd generation), which offer active noise cancelation (ANC) and a case that charges wirelessly or using a USB-C cable. Buyers on a budget might prefer the standard AirPods (2nd generation), which lack ANC but still have many of the same core features for a lot less money.

    Below, you can find details on all the pros and cons of every AirPods model that Apple sells, including its premium over-ear headphones, the AirPods Max. 

    Our top picks for the best AirPods

    Best overall: AirPods Pro (2nd generation) – See at Amazon

    Best for casual users: AirPods (3rd generation) – See at Amazon

    Best on a budget: AirPods (2nd generation) – See at Amazon

    Best for audiophiles: AirPods Max – See at Amazon


    Best overall

    The second-generation AirPods Pro are Apple's flagship wireless earbuds. These are the best AirPods to buy if you want great sound quality and active noise cancelation in a compact design.

    Offering a nice step up from the first-gen model, the latest AirPods Pro use a new custom driver that delivers a big improvement in audio performance. Sound is noticeably richer than what we heard on the original AirPods Pro, which offered a more hollow and distant quality. 

    These are also the first AirPods to use the new H2 processing chip, which Apple claims can deliver twice as powerful noise-canceling as the H1 chip housed in the first-generation AirPods Pro. Good noise canceling isn't just useful during a commute or while traveling. It's a key feature for blocking out distracting noise during day-to-day tasks, like working at a desk.

    The Apple 2nd-gen AirPods Pro on a counter next to a succulent.
    The second-gen AirPods Pro are the best AirPods for most people.

    Though ANC is one of the reasons the AirPods Pro cost more than other Apple earbuds, we think it's worth splurging for. The AirPods Pro also have an excellent transparency mode, which uses microphones to let in outside noises when you want to stay aware of your surroundings. However, the AirPods Pro can't quite match the overall noise-canceling performance of some competing earbuds we've tested from other brands, like the Bose QuietComfort Ultra. But if you're set on sticking with the Apple brand, these are your best bet. 

    The second-gen AirPods Pro also have a secure in-ear design, which makes them the best AirPods for people who've had issues with other Apple headphones staying in their ears. This model fits more snugly than regular AirPods, thanks to customizable tips that go deeper into your ear. And unlike standard AirPods, the case included with the latest AirPods Pro is now dust-resistant, in addition to water- and sweat-proof. 

    Note: The AirPods Pro are available with either a Lightning or USB-C charging case. Since USB-C is the more universal charging standard, we recommend that edition as our top pick.

    Read our full Apple AirPods Pro (2nd generation) review.

    Check out our guides to the best AirPods Pro cases and best wireless earbuds.

    Best for casual users

    Apple's third-generation AirPods are an excellent alternative to the AirPods Pro if you want a less expensive pair of earbuds. And unless you're on an especially tight budget, we think they're worth the extra money over their cheaper second-generation counterparts. 

    This model includes many of the same premium audio features found on the AirPods Pro, like Adaptive EQ and Personalized Spatial Audio with head tracking. That latter option can give the impression that music is coming from all around you. However, not everyone likes the resulting surround sound effect, so it's good that this feature can be easily toggled off.

    The 3rd-generation AirPods in their case on a marble countertop.
    The third-gen AirPods lack active noise-cancellation, but they're a good option for casual listeners.

    But while the third-gen AirPods don't sound quite as good as the AirPods Pro, they do have higher quality drivers and amplifiers than the second-gen AirPods. They have a contoured design and shorter stems as well, which makes them look more like the AirPods Pro. However, they don't include active noise canceling, so you still have to pay extra for the more expensive AirPods Pro if you want that feature. 

    In your ears, the third-gen AirPods fit a lot like the second-gen AirPods. They have a semi-open build that rests by the opening of your ear canal, rather than using an in-ear design like the AirPods Pro. f you've had problems with past AirPods falling out, the third-gen AirPods won't be any better.

    However, some people prefer this kind of looser fit since it doesn't plug your ears and still lets you hear your surroundings. All things considered, we recommend these as the best Apple AirPods to get for casual listeners who want good audio quality but don't care about ANC.

    Read our full Apple AirPods (3rd generation) review.

    Best on a budget

    Apple's second-generation AirPods aren't as advanced as the brand's more expensive offerings. You won't find perks like noise cancelation, spatial audio, or water resistance here. However, the second-gen AirPods still retain all the core features AirPods are known for — like quick pairing with iOS devices and automatic playing and pausing — in a more budget-friendly package. 

    When it comes to sound quality, the second-gen AirPods sound decent, but they're not on par with Apple's pricier earbuds. While they get the job done for basic needs, they aren't a good fit for enthusiasts who want the best audio performance when listening to music. 

    Apple Airpods displayed on a bright red background.
    The second-generation AirPods are the most basic AirPods available.

    Like the third-gen AirPods, this second-gen model has a semi-open fit. Rather than creating a true seal in your ear, they rest more loosely at the opening of your ear canal, which keeps your ears from feeling plugged. While this style is great for hearing your surroundings, it hurts sound isolation and can make these AirPods hard to stay in place when paired with certain ear shapes. 

    The second-gen AirPods have longer stems than their third-gen and Pro counterparts. This makes them look like Apple just snipped the wires off its wired EarPods headphones. It's not a bad look — they have become iconic — but it's not as sleek as the shorter stems on Apple's other models.

    Generally, we think most people are better off paying more for the third-gen AirPods or AirPods Pro, but this second-gen model remains a solid budget option, especially when it goes on sale for under $100. 

    Read our full Apple AirPods (2nd generation) review.

    Best for audiophiles

    The AirPods Max deliver first-rate audio performance and noise cancelation, all wrapped in an elegant package. Unlike Apple's other AirPods, which are all earbuds, the AirPods Max uses a larger over-ear headphone design. This makes them better suited for people who prioritize high-end audio quality and want a pair of headphones that make a statement when worn in public. 

    The AirPods Max use Apple-designed drivers and 10 audio cores for delivering computational audio and adaptive EQ, which allows the headphones to adjust their sound based on the fit of the ear cups. Like the AirPods Pro, the AirPods Max also support spatial audio and other features like quick-pairing. 

    During our tests, the AirPods Max sounded significantly crisper, bolder, and louder than the Bose Noise Canceling 700 headphones. They also outperformed the Sony WH-1000XM4, although Sony's headphones came impressively close. 

    A pair of AirPods Max 3 on the floor.
    The AirPods Max are Apple's only over-ear headphones.

    The AirPods Max also deliver when it comes to noise cancelation. When we sat underneath an elevated subway that runs above a very busy street, the AirPods Max significantly dulled the sound of the train screeching to a halt and nearby traffic. They're not the absolute best noise-canceling headphones we've tested, but they work incredibly well.  

    The downside is that the included case doesn't charge the AirPods Max. Instead, it puts them in low-power mode. It's also less of a traditional case and more of a wrap. Check out our guide to the best AirPods Max accessories to see our recommendations for more heavy-duty protective cases you can buy. 

    There's no doubt that the AirPods Max are excellent, but their high price makes them inaccessible to many people. However, if you're an Apple loyalist who prioritizes top-notch audio with an over-ear design — and are willing to splurge for it  — the AirPods Max are the best Apple AirPods to get. 

    Read our full Apple AirPods Max review.

    Check out our guide to the best over-ear headphones.

    How we test AirPods

    An Apple AirPods Pro 2 case.

    To compare the best Apple AirPods we evaluated various performance elements, including design, fit, sound quality, extra features, and ease of use. To test sound quality we listen to an assortment of tracks across genres and from various sources, including many of the best music streaming services. For AirPods that support spatial audio, we also listen to Dolby Atmos tracks.

    Likewise, if an AirPods model supports noise-cancelation, we evaluate that feature in a real-world noisy environment near heavy traffic outside, noting how well the feature is able to reduce ambient sounds. We also sample transparency modes to see how well the AirPods are able to let in surrounding noise in a natural way.

    For this guide, we focused on how each AirPods model compares to other AirPods in order to determine each options strengths and weaknesses within Apple's headphones lineup. 

    FAQs

    A person using Apple Airpods.

    When will Apple release new AirPods?

    Apple's standard AirPods are now in their third generation, the AirPods Pro are in their second generation, and the AirPods Max are still in their first generation. The release cycle for AirPods isn't as easy to predict as the iPhone's, but here's what we know based on reliable reports. 

    • AirPods: Apple's third-generation AirPods launched in October 2021 and rumors indicate that an updated fourth-generation model could be released this fall. Bloomberg's Mark Gurman reports that there could actually be two new fourth-gen models. Both are rumored to have USB-C cases and improved designs, while the more expensive option could include noise cancelation.
    • AirPods Pro: Apple released the second-generation AirPods Pro in September 2022, so we don't anticipate a new model soon. In 2023 Apple re-released the AirPods Pro (2nd generation) with a new case but made no updates to the earbuds themselves. Keep in mind that the original AirPods Pro were released in 2019, giving them a three-year life cycle. We might have to wait a similar amount of time for a new AirPods Pro model, meaning they'd drop in 2025.
    • AirPods Max: Apple released the AirPods Max in December 2020, and we haven't heard any official news about when a successor will launch. But some industry insiders, including Bloomberg's Mark Gurman, have reported that an updated Max model with USB-C charging could launch in 2024. We don't know whether this new model will just be a refresh of the original or an entirely new AirPods Max successor.

    What are the top AirPods alternatives?

    Apple's AirPods are popular headphones, but they're not suited for all needs. This is especially true if you plan to use your earbuds primarily with an Android phone or PC. Thankfully, there are many brands that sell headphones with similar features as the AirPods while being less rigidly tied to the Apple ecosystem. Check out our guide to the best AirPods alternatives for our top picks. 

    Best overall: AirPods Pro (2nd generation)
    The Apple 2nd-gen AirPods Pro on a counter next to a succulent.
    The second-gen AirPods Pro are the best AirPods for most people.

    Pros: Best sounding Apple earbuds, excellent noise canceling, Adaptive Transparency Mode blocks sudden loud noises, most universal fit, water resistant

    Cons: Only average battery life

    The second-gen AirPods Pro are Apple's flagship wireless earbuds. These are the best Apple AirPods to buy if you're seeking superior sound quality and noise cancellation in a compact design.

    The second-gen AirPods Pro easily offer the best sound quality out of all of Apple's earbuds. A new custom driver results in a big improvement with a noticeably richer sound over the original AirPods Pro, which always sounded hollow and distant.

    These are the first AirPods to use the new H2 processing chip, which Apple claims can deliver twice as powerful noise-canceling as the H1 chip housed in the first-generation AirPods Pro. Good noise canceling isn't just useful during a commute or while traveling — it's a key feature when simply working at a desk to hush distracting noise. It's the kind of feature worth spending on if your budget allows it.

    The second-gen AirPods Pro also have a secure in-ear tip design, which makes them the best AirPods for people who have experienced issues with other Apple earbuds staying in their ears. The second-gen AirPods Pro fit more securely than regular AirPods thanks to the customizable tips that go deeper into your ear.

    Note: The AirPods Pro are available with either a Lightning or USB-C charging case. Since Apple has made the switch to USB-C for its other products, we recommend the USB-C version.

    Read our full Apple AirPods Pro (2nd generation) review.

    Best for casual users: AirPods (3rd generation)
    The 3rd-generation AirPods in their case on a marble countertop.
    The third-gen AirPods lack active noise-cancellation, but they're a good option for casual listeners.

    Pros: Good sound quality, includes premium audio features, sleek design similar to AirPods Pro, water resistant

    Cons: May not fit all ears, only average battery life, no ANC

    Unless you're on a tight budget, Apple's third-generation AirPods are worth the extra money over the second-gen AirPods. 

    They include many of the premium audio features found on the AirPods Pro, like Adaptive EQ and Personalized Spatial Audio, which gives the impression that music is coming from around you (in stereo) rather than directly into your ears.

    Not everyone likes the surround sound aspect of Personalized Spatial Audio, so it's good that it's only an option. What can't be denied is that the third-gen AirPods have higher quality drivers and amplifiers than the second-gen AirPods for better sound quality. 

    The third-generation AirPods have a contoured design and shorter stems as well, which makes them look more like the AirPods Pro. However, they don't include noise canceling, so you still have to step up to the more expensive AirPods Pro if you want that feature. 

    In your ears, the third-gen AirPods fit a lot like the second-gen AirPods, and they lack the in-ear tip design of the AirPods Pro. If you've had issues with AirPods staying in your ears, the third-gen AirPods won't help. However, if the fit isn't an issue, these are the best AirPods to get for listeners who want good audio quality but don't care about ANC.

    Read our full Apple AirPods (3rd generation) review.

    Best budget: AirPods (2nd generation)
    Apple Airpods displayed on a bright red background.
    The second-generation AirPods are the most basic AirPods available.

    Pros: Convenient pairing features, lightweight design, hands-free Siri access, quick device switching

    Cons: May not fit all ears, audio quality is lacking, only average battery life, not water resistant, no ANC

    Apple's second-generation AirPods package all the core features — like quick pairing with iOS devices and automatic playing and pausing — in a more affordable set of wireless headphones. 

    However, the audio quality is only decent and not on par with Apple's pricier earbuds. These are the best AirPods for people who primarily listen to podcasts and other voice-based audio rather than music. They're also a good choice if you'd rather sacrifice features like noise cancellation, spatial audio, and water resistance to save a few bucks.

    The second-gen AirPods have longer stems than the third-gen AirPods and AirPods Pro. This essentially makes them look like Apple just snipped the wires off its wired EarPods headphones. It's not a bad look — they have become iconic — but it's not as sleek as the shorter stems on Apple's other models.

    The second-gen AirPods have Apple's standard earbuds fit that works fine for many, but for some, they're impossible to keep in their ears. If you've ever had issues with AirPods fitting, you're better off looking elsewhere.

    Read our full Apple AirPods (2nd generation) review.

    Best for audiophiles: AirPods Max
    A pair of AirPods Max 3 on the floor.
    The AirPods Max are Apple's only over-ear headphones.

    Pros: Top-notch audio quality, noise cancellation, premium design, comfortable fit, long battery life

    Cons: Expensive, no charging case, included case doesn't protect entire headset, no input options or included cables for other audio connections

    The AirPods Max deliver first-rate audio performance and noise cancellation, all wrapped in an elegant design. 

    The biggest difference you'll notice between the AirPods Max and Apple's other AirPods is the over-ear design. That alone suggests these headphones are designed for people who care more about audio quality than the average person and also want a pair of headphones that make a statement when worn in public. 

    The AirPods Max come with an Apple-designed driver and 10 audio cores for delivering computational audio and adaptive EQ, which allows the headphones to adjust their sound based on the fit of the ear cups. Like the AirPods Pro, the AirPods Max also support spatial audio and other features like quick-pairing. 

    Our testing found that the AirPods Max sound significantly crisper, bolder, and louder than the $379 Bose Noise Canceling 700 headphones. They also outperformed the $350 Sony WH-1000XM4, although Sony's headphones came impressively close. 

    The AirPods Max also deliver when it comes to noise cancellation. When we sat underneath an elevated subway that runs above a very busy street, the AirPods Max were able to significantly dull the sound of the train screeching to a halt and nearby traffic.  

    The downside is that the included case doesn't charge the AirPods Max. Instead, it puts them in low-power mode.

    There's no doubt that the AirPods Max are excellent, but their price makes them inaccessible to many people. If you're an Apple loyalist who cares about having top-notch audio and prefers over-ear designs — and are willing to splurge for it  — the AirPods Max are the best Apple AirPods to get. 

    Read our full Apple AirPods Max review.

    When will Apple release new AirPods?
    A person using Apple Airpods.

    Apple's standard AirPods are now in their third generation, the AirPods Pro are in their second generation, and the AirPods Max are still in their first generation. The release cycle for AirPods isn't as easy to predict as the iPhone's, but here's what we know based on reliable reports. 

    • AirPods: Apple's third-generation AirPods launched in October 2021, and we don't expect a new model anytime soon. We haven't seen reliable reports that Apple is planning to release a successor.
    • AirPods Pro: Apple released the second-generation AirPods Pro in September 2022, so we don't anticipate a new model anytime soon. In 2023 Apple re-released the AirPods Pro (2nd generation) with a new case but made no updates to the earbuds themselves. Keep in mind that the original AirPods Pro were released in 2019, giving them a three-year life cycle — we might have to wait a similar amount of time for a new AirPods Pro model, meaning they'd drop in 2025.
    • AirPods Max: Apple released the AirPods Max in December 2020, and we haven't heard any official news about when a successor will launch. But some industry insiders, including Bloomberg's Mark Gurman, have reported that an updated Max model with USB-C charging could launch in 2024. We don't know whether this new model will just be a refresh of the original or an entirely new AirPods Max successor.
    • Moving from Lightning to USB-C: Although there may not be any new AirPods on the horizon, Apple is making changes to the AirPods' cases. Like the iPhone 15 and iPad Pro, new AirPods Pro models charge using a standard USB-C cable instead of an older Lightning cable. So far, the AirPods Pro are the only AirPods to see this change, but expect more to transition in the future.
    Read the original article on Business Insider