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☆ Island time: Why some resorts in the Maldives move their clocks ahead an hour
▼ + stars: | 2024-05-20 | by ( Maggie Hiufu Wong | ) edition.cnn.com time to read: +6 min

Many resorts move their clocks at least one hour ahead of the country’s official time zone – which is five hours ahead of Greenwich Mean Time (GMT+5). The JW Marriott is one of four Maldives properties under the Marriott Group umbrella, alongside St. Regis Maldives Vommuli Resort, the Westin Maldives Miriandhoo Resort and the Ritz-Carlton Maldives, Fari Islands. Video Ad Feedback Inside one of the Maldives' most luxurious resorts 02:30 - Source: CNNSoneva, another luxury resort group with multiple properties around the Maldives, also sets the clocks at its resorts an hour ahead of Male Time. Not every island resort follows island timeVideo Ad Feedback Flying with the barefoot pilots of the Maldives 02:31 - Source: CNNNot every resort in the Maldives follows island time. “Here at Kurumba Maldives we don’t use island time and never have, simply because as the first resort in the Maldives the concept of island time didn’t exist,” says Ali Farooq, resort manager at Kurumba, which opened in 1972.

Persons: Mohit Dembla, Matteo Colombo, ”, Zhilah Vego, CNN Soneva, Soneva Jani, Jani Time, Charles Morris, “, –, Regis, Ali Farooq, Marriott’s Organizations: CNN, JW, Spa, CNN Travel, Marriott, Marriott Group, St, Regis, Westin, Ritz, Carlton Maldives, GM, ” Staff, Maldives ’, butlers, Kurumba, Velana International Locations: Maldives, Greenwich, Regis Maldives, Westin Maldives, Fari Islands, Beach, Maldivian, St, Kurumba Maldives, Kurumba, Malé

☆ I bought my first home this year: 7 things I wish I'd done before getting serious about my search
▼ + stars: | 2024-05-20 | by ( Celia Fernandez | ) www.cnbc.com time to read: +9 min

When my partner and I signed a two-year lease to move into our second New York City apartment together in 2021, we agreed that the next place we lived in would be ours. New York City is where I grew up, and I am not ready to give up my status as a "passenger princess" — yes, I'm 31 and don't have a driver's license. "There are four things that go into getting a mortgage: your credit, your income, your assets, and the property," Forbes says. The application process for a program like the New York City HomeFirst Down Payment Assistance Program or the NYS AHC grant can take several months. My partner and I bought a co-op, which is very common in New York City.

Persons: We've, Dave Forbes, Forbes, you've, Z, Gen Zers, millennials, wouldn't Organizations: New, Chase, NYS, Qualtrics, National Association of Housing Cooperatives, Rocket Mortgage Locations: New York City, Riverdale, Bronx , New York, Manhattan, Midtown, New York State, New York, That's, millennials, .

☆ Where the last $6B in CHIPS Act funding will go
▼ + stars: | 2024-05-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhere the last $6B in CHIPS Act funding will goThe Commerce Department started the year with $39 billion in CHIPS Act grants, and now has around $6 billion left to award across the semiconductor supply chain. CNBC's Megan Cassella sits down with CHIPS Program Director Michael Schmidt to discuss how the agency plans to allocate the final billions before year-end.

Persons: Megan Cassella, Michael Schmidt Organizations: Commerce Department

☆ What Donald Trump might do if he wins a second term in 2024
▼ + stars: | 2024-05-20 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +11 min

Read previewIn January 2025, Donald Trump may be sworn into office as the 47th President of the United States. Another Trump term, on the other hand, would likely entail a radical reversal from not just the previous four years, but even from Trump's first term in office. While not exhaustive, here's just some of what to expect in a second Trump administration. Miller told The New York Times that a second Trump administration would build "vast holding facilities that would function as staging centers" on "open land in Texas near the border." According to Bloomberg, Trump wants to extend those cuts in a second term.

Persons: —, Donald Trump, Joe Biden, Biden, Trump, Trump's, That's, mifepristone, Stephen Miller, Miller, Alex Wong, Nixon, shouldn't, he's, Israel, there's Organizations: Service, Business, Trump, The New York Times, Heritage Foundation's, Senate, Federal Communications Commission, Federal Trade Commission, Federal Reserve, Congress, TIME, Republican, National Guard, United, Department of Justice, Capitol Police, Atlantic Treaty Organization, State Department, Pentagon, Bloomberg, American, Security, Social Security, CNBC Locations: United States, Texas, CPAC, China, Ukraine, Gaza, Israel, Europe, Washington ,

A chipmaker was among Monday's biggest analyst calls along with a hospital stock. Morgan Stanley upgraded Micron Technology and raised its price target on the stock — though it sees only limited gains ahead. U.S. Steel shares have dropped more than 26% year to date. The bank upgraded the computer memory stock to equal weight from underweight and increased its price target to $130 per share from $98. He also raised hi 12-month price target to $226 from $189, implying upside of 27% from Friday's close.

Persons: Morgan Stanley, Dell, Samik Chatterjee, Bernstein, Toni Sacconaghi, DELL, — Brian Evans, Jefferies, Christopher LaFemina, LaFemina, Stifel, Ruben Roy, Baird, Tristan Gerra, Tom O'Malley, Brian Evans, Micron Technology Morgan Stanley, Morgan Stanley's, Joseph Moore, Moore, AJ Rice, Rice, Fred Imbert Organizations: CNBC, Micron Technology, UBS, Universal Health Services, JPMorgan, Dell, Jefferies, U.S, Steel, U.S . Steel, Nippon Steel's, Wall, TAM, Nvidia, Barclays Locations: U.S, Friday's

☆ Trump Media Reports Lackluster Revenues and Large Losses
▼ + stars: | 2024-05-20 | by ( Matthew Goldstein | ) www.nytimes.com time to read: +1 min

On Monday, former President Donald J. Trump’s social media company reported taking in $770,000 in advertising revenue in the first three months of the year, largely from its Truth Social platform, as it continued to incur hefty losses. The company, Trump Media & Technology Group, completed a long-awaited merger in March with Digital World Acquisition Corporation, a cash-rich shell company that served as a vehicle for taking Trump Media public. After the merger, Trump Media said it had about $274 million in cash and cash equivalents on its balance sheet, which would enable the company to “fund operations for the foreseeable future.”The public debut of Trump Media has been a boon to Mr. Trump, who owns a nearly 65 percent stake, worth about $6 billion. In a regulatory filing, the company said that it took in $770,000 in the past quarter, compared with $1.1 million in revenue in the year-ago quarter. The company said that much of the revenue “decrease was attributable to a change in the revenue share with one of our advertising partners.”

Persons: Donald J, Trump, ” Organizations: Trump Media & Technology Group, Acquisition Corporation, Trump Media

☆ I supercommute through 4 states to get to work. I love earning a 6-figure NYC salary but living a suburban life in Delaware.
▼ + stars: | 2024-05-20 | by ( Jen Glantz | ) www.businessinsider.com time to read: +6 min

Read previewThis as-told-to essay is based on a conversation with Kyle Rice, a 38-year-old EMS provider based in Willmington, Delaware. I came across a job on a job board as a protocol architect for a project manager at an EMS software company. I live in Wilmington, Delaware, with my wife and two kids — 125 miles from the office. AdvertisementI earn more and save more by working a NYC jobI'd never consider relocating to NYC because it wouldn't be smart financially. Whenever the commute frustrates me, I remember how grateful I feel that I can pass through a handful of states on my way to work.

Persons: —, Kyle Rice, Rice, I'd, I've Organizations: Service, Business, Amtrak, Newark Penn Station, World Trade Center Locations: Willmington , Delaware, New York City, Wilmington , Delaware, New York, New Jersey, Long, Wilmington, Newark, Delaware, NYC, Manhattan

☆ China sanctions Boeing, two U.S. defense contractors for Taiwan arms sales
▼ + stars: | 2024-05-20 | by ( ) www.cnbc.com time to read: +1 min

Wang Wentao, China's commerce minister, attends a news conference on the sidelines of the National People's Congress in Beijing, China, on Wednesday, March 6, 2024. China's Ministry of Commerce announced sanctions against Boeing and two other defense companies Monday for arms sales to Taiwan, on the day of Taiwan's presidential inauguration. The move is the latest in a series of sanctions Beijing has announced in recent years against defense companies for weapons sales to Taiwan, a self-ruled island that China considers as part of its own territory. Lai Ching-te, Taiwan's new president, has vowed to strengthen Taiwan's security through imports of advanced fighters and other technology and strengthening its domestic defense industry. In April, China froze assets of General Atomics Aeronautical Systems and General Dynamics Land Systems held within China.

Persons: Wang Wentao, Lai Ching Organizations: National People's Congress, China's Ministry of Commerce, Boeing, Boeing's Defense, Space & Security, General Atomics Aeronautical Systems, General Dynamics Land Systems Locations: Beijing, China, Taiwan, China's

☆ JPMorgan just unleashed hundreds of Investor Day slides. These 6 hold key clues about the bank's future, from investment banking to AI.
▼ + stars: | 2024-05-20 | by ( Reed Alexander | ) www.businessinsider.com time to read: +1 min

She said her unit now aspires to train all of its workers in AI to get them ready "for the AI of the future," and she outlined some of the ways AI is helping bankers do their jobs. She said AI is reducing what she called "no joy" work. Some of the ways the bank thinks AI can come in handy are big and sweeping, while others are small by comparison. Broadly speaking, AI was a hot topic for other bank leaders at investor day, too. "You can't envision one app, one database, or one job where it's not going to help aid or abet."

Persons: Mary Erdoes, Jamie Dimon, it's

☆ Nvidia beating earnings per share expectations is worst-kept secret on Wall Street, says Evercore ISI
▼ + stars: | 2024-05-20 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Wall Street has great expectations for Nvidia 's earnings on Wednesday, according to Evercore ISI. Yet, how the artificial intelligence darling's stock will react is less clear — and it is likely to have big implications for the entire stock market, the firm said. The share price reaction will likely cause a ripple effect, he said. Over the past year, Nvidia's stock has had an "almost unimaginably close" day-to-day correlation to the S & P 500 of 0.95, he pointed out. which helped catalyze 2023's S & P 500 Fall Fall … the one certain thing is that NVDA's share price reaction, while difficult to gauge, will have consequences for the S & P 500 as a whole," Emanuel said.

Persons: NVDA, Julian Emanuel, Emanuel Organizations: Nvidia, ISI

☆ The stock market will inflate another 20% before the bubble bursts, research firm says
▼ + stars: | 2024-05-20 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The stock has another 20% rise left in it before the bubble deflates, Capital Economics predicted. That's because stocks tend to inflate rapidly right before the end of a bubble, the firm said. AdvertisementInvestors on the lookout for signs of a bubble should expect the stock market to be pumped up by another 20% before correcting, Capital Economics researchers said. According to John Higgins, Capital Economics' chief market economist, stocks look like they're in a late-stage bubble, meaning equities are in for a steep rally before the bubble eventually bursts. I think that it's a simple one really that involves a bubble inflating in the stock market," he said, pointing to the excitement for big tech.

Persons: —, John Higgins, There's, I'm, we've, Higgins, Bubbles Organizations: Capital Economics, Service, Capital, Dow Jones Industrial, Nasdaq

☆ Value investor Bill Nygren thinks financials are cheap. These are his top holdings
▼ + stars: | 2024-05-20 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Don't overlook the the financial sector as the stock market trends higher, according to Oakmark Funds portfolio manager and noted value investor BIll Nygren. The Dow Jones Industrial Average closed above 40,000 for the first time on Friday, while both the Nasdaq Composite and S & P 500 entered Monday after four-week-long rallies. Despite the financial sector outperforming the broader market, banking and consumer finance stocks are cheaper compared to all S & P 500 companies, according to Nygren. The Financial Select Sector SPDR Fund (XLF) , which tracks the S & P 500 financials index, has returned 12.6% in 2024, including reinvested dividends, while the S & P 500 has returned less than 11.8%. His portfolio's top holdings include some of the country's largest banks, such as Citigroup and Wells Fargo , as well as regional banks like First Citizens .

Persons: BIll Nygren, Nygren, CNBC's Organizations: Dow Jones, Nasdaq, Citigroup Locations: Wells Fargo

☆ JPMorgan CEO Jamie Dimon signals retirement is closer than ever
▼ + stars: | 2024-05-20 | by ( Hugh Son | ) www.cnbc.com time to read: +1 min

Jamie Dimon, CEO of JPMorgan Chase, at the U.K. Jamie Dimon's days as CEO of JPMorgan Chase are numbered — though its unclear by how much. In a response to a question Monday about the bank's succession planning, Dimon indicated that his expected tenure is less than five more years. That's a key change from Dimon's previous responses to succession questions, in which his standard answer had been that retirement was perpetually five years away. Even when he steps down as CEO, however, it's likely he will stay on as the bank's chairman, JPMorgan has said.

Persons: Jamie Dimon, JPMorgan Chase, Jamie Dimon's, That's, Dimon, I've, Marianne Lake, Jennifer Piepszak, it's Organizations: JPMorgan, U.K, Global Investment Locations: Hampton, London, York, America

☆ DJT: Trump Media reports $770,500 revenue for first quarter, net loss of $327.6 million
▼ + stars: | 2024-05-20 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

This photo illustration shows an image of former President Donald Trump reflected in a phone screen that is displaying the Truth Social app, in Washington, DC, on February 21, 2022. Trump Media & Technology Group, the parent company of Donald Trump's Truth Social platform, disclosed a net loss of $327.6 million in the first quarter of the year, with total revenue at $770,500, according to its earnings report, filed Monday with the Securities and Exchange Commission. "We are particularly excited to move forward with live TV streaming by developing our own content delivery network, which we believe will be a major enhancement of the platform," Nunes added. In April, the company announced that Truth Social would launch a TV streaming platform in three phases, the first for Android, iOS, and Web. In its Q1 report, TMTG said it has signed contracts with its first data center partner, which would host the TV platform, and a hardware vendor to provide equipment.

Persons: Donald Trump, Donald Trump's, Devin Nunes, Nunes, TMTG Organizations: Trump Media & Technology Group, Securities and Exchange Commission, Nasdaq, Android, SEC, BF Locations: Washington ,

☆ Stock market today: Indexes end mostly higher with Nvidia shares jumping as excitement builds ahead of earnings
▼ + stars: | 2024-05-20 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

US stocks traded mostly higher on Monday, with shares of Nvidia leading the way. Nvidia stock surged about 3% ahead of its first-quarter earnings results on Monday. JPMorgan weighed down the Dow after CEO Jamie Dimon said now is not the time to buyback stock. AdvertisementMajor US stock indexes were mostly higher on Monday, with Nvidia stock leading the way with a gain of nearly 3% ahead of its hotly anticipated first-quarter earnings report on Wednesday. JPMorgan CEO Jamie Dimon struck a cautious tone on the economy on Monday, highlighting that today's geopolitical tensions represent risks not seen since World War II.

Persons: Jamie Dimon, —, Dimon Organizations: Nvidia, Monday, JPMorgan, Dow, Service, Nasdaq, Dow Jones

☆ Analysts say Corona brewer is a buy despite slowdown in sales across the industry
▼ + stars: | 2024-05-20 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +4 min

Two Wall Street research firms are calling Constellation Brands a buy, arguing that worries over a key sales metric for the beer maker are overblown. Based on their bi-annual survey of the beer market, the analysts expect depletions for Constellation to rise 7% or more this year. Jim has been calling for Constellation to get out of wine and spirits and concentrate solely on beer. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: industrywide, Jefferies, Wells, Jim, Elliott, Bill Newlands, Newlands, Garth Hankinson, Jim Cramer's, Jim Cramer, Justin Sullivan Organizations: Constellation Brands, Jefferies, Modelo, Constellation, Wells, Elliott Management, CNBC Locations: Wells Fargo, Corona, Modelo, San Rafael , California

As Ukraine struggles to hold back Russian advances, the country’s officials say they are once again facing the formidable challenge of keeping electricity flowing as Moscow’s forces increasingly strike power plants. To conserve energy, the government has ordered nationwide rolling blackouts for Monday night, broadening the smaller regional ones that have become the norm in recent weeks. “This is another frontline in the war,” said Maxim Timchenko, the head of DTEK, Ukraine’s largest private electricity company, on social media last week. He said the company’s workers were engaged in a “race against time” to restore power to consumers. The nationwide blackout, scheduled from 6 p.m. to midnight, will affect the entire country for the first time this year, but it is unclear if it will continue past Monday.

Persons: ”, Maxim Timchenko Locations: Ukraine

☆ As student loan forgiveness nears $160 billion, here's what to know about the relief programs
▼ + stars: | 2024-05-20 | by ( Annie Nova | ) www.cnbc.com time to read: +3 min

US President Joe Biden announces student loan relief with Education Secretary Miguel Cardona (R) on August 24, 2022 in the Roosevelt Room of the White House in Washington, DC. Olivier Douliery | AFP | Getty ImagesThe Biden administration fixes to the country's $1.6 trillion student loan system have resulted in regular announcements to forgive large shares of that debt. In total, the U.S. Department of Education has canceled almost $160 billion in federal student loan debt for nearly 4.6 million borrowers while President Joe Biden has been in office. Here what to know about the aid programs that have led to that relief. Income-driven repayment plansPublic Service Loan ForgivenessNavigating the Public Service Loan Forgiveness program has been famously difficult.

Persons: Joe Biden, Education Secretary Miguel Cardona, Olivier Douliery, Biden, George W, Bush, Federal Perkins Organizations: Education Secretary, White, AFP, Getty, U.S . Department of Education, Public, Consumer Financial, Family Education, Federal, Federal Perkins Loans, Education Department Locations: Washington ,

☆ Stock market today: US stocks mixed as Wall Street gears up for big week of AI updates
▼ + stars: | 2024-05-20 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

US stocks traded mixed on Monday after last week's rally to record highs. Investors are preparing for a big week of AI updates, with Nvidia earnings on deck. Microsoft is set to unveil new product and AI updates at its 2024 Build conference. AdvertisementUS stocks were mixed on Monday, wavering slightly after last week's run to record highs in the wake of an encouraging April inflation report. Microsoft's 2024 Build Conference is the other big AI event of the week, and will showcase new hardware and software products from the company.

Persons: —, Copilot, Dan Ives Organizations: Nvidia, Microsoft, Service, Investors, Excel, Federal, PMI Locations: Here's

☆ Gen Z bosses on the 6 misconceptions people have about them in the workplace: ‘We see these stereotypes getting in the way’
▼ + stars: | 2024-05-20 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +8 min

In 2024, Gen Z workers are expected to outnumber baby boomers in the American labor force for the first time. Gen Z workers know what their bosses are saying about them, and they'd like to have a word. Some leaders even go as far as saying they avoid hiring Gen Z workers, who are as old as 27 this year. Myth: Gen Z is asking for too muchMany leaders think Gen Z are entitled not just in their earning power, but what they expect out of work in general. Myth: Gen Z workers will quit because they're disloyalIt's long been true that early-career professionals are more likely than seasoned workers to change jobs quickly.

Persons: Gen, Zers, Z, Keely Antonio, Baby Boomers, Gen Z, Antonio, Ziad Ahmed, Ahmed, Booth, I'm, Ziad Ahmed Head, They're, they're Organizations: CNBC, Baby, JUV Consulting, Fortune, United Talent Agency, UTA Marketing Research, Workers

☆ Jamie Dimon says JPMorgan stock is too expensive: 'We're not going to buy back a lot'
▼ + stars: | 2024-05-20 | by ( Hugh Son | ) www.cnbc.com time to read: +2 min

Tom Williams | Cq-roll Call, Inc. | Getty ImagesJamie Dimon thinks shares of JPMorgan Chase are expensive. We're not going to buy back a lot of stock at these prices," Dimon said. JPMorgan shares traded recently for around 2.4 times book value. "Buying back stock of a financial company greatly in excess of two times tangible book is a mistake," Dimon said. The JPMorgan CEO has often resisted pressure from investors and analysts that he deemed short-sighted.

Persons: Jamie Dimon, JPMorgan Chase, Tom Williams, Dimon, buybacks, Charles Peabody Organizations: JPMorgan, Banking, Housing, Urban Affairs Committee, Wall Street Firms, Cq, Inc, Getty, JPMorgan Chase, Portales Partners, Bank of America

☆ Flying is cheaper in 2024. But not for some destinations
▼ + stars: | 2024-05-20 | by ( Greg Iacurci | ) www.cnbc.com time to read: +2 min

Americans traveling this summer have broadly seen prices fall for airline fares, a welcome trend after last year's sticker shock. But airfare remains more expensive in 2024 for some regions and destinations, largely for trips abroad, data shows. Flights to Canada, South America, and the Middle East and Africa regions are also up 6%, 2% and 1%, respectively, from summer 2023, Hopper found. High prices to certain Asian cities impact many American tourists since the continent is their second-most frequented international travel destination, Hopper said. Average fares to Europe, the most popular trip abroad for Americans, are down 8% in summer 2024 versus a year ago, when they were at record highs.

Persons: Hopper Organizations: Finance Locations: Tokyo, Japan, Canada, South America, East, Africa, Europe, Asia, Sakata, Ipoh, Udon Thani, Thailand's, Rio de Janeiro, Brazil, Lima, Peru, Santiago, Chile, Friedrichshafen, Memmingen, Germany, Bratislava, Slovakia

☆ UK stocks are outperforming the U.S. and one CIO says they look 'very cheap'
▼ + stars: | 2024-05-20 | by ( Katrina Bishop | ) www.cnbc.com time to read: 1 min

U.K. stocks are finally turning a corner after years of underperformance, according to one chief investment officer, who stressed that valuations are looking "very cheap." The U.K. FTSE 100 is up around 11% over the last three months, while the broader FTSE 250 index is more than 9% higher. In comparison, the U.S.' S&P 500 is trading around 6% higher over the same period. He gave the example of oil giant Shell trading at a significantly lower price-to-earnings multiple than its U.S. rivals. A low P/E multiple — the ratio of a company's share price to its earnings per share — can indicate that a stock is undervalued.

Persons: Dan Boardman, CNBC's Organizations: BRI Wealth Management Locations: U.S, Weston

☆ These corporate insiders have bought and sold millions of their own stock in May
▼ + stars: | 2024-05-20 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

Corporate insiders have been actively buying and selling their own stock in May, with one recent weeklong stretch showing higher ups at five different companies spent at least $1 million, according to VerityData. A similar situation happened at Akamai Technologies , where CEO Tom Leighton bought about $2 million worth of stock last Tuesday. Insider sales The dollar figures attached to major insider sales during the same time period were even larger than the buys. Meanwhile, Crowdstrike CFO Burt Podbere sold about $8 million of stock, with chief security officer Shawn Henry also selling shares. The CEOs of Squarespace and T-Mobile each sold more than $6.5 million worth of stock.

Persons: VerityData, Jared Isaacman, Isaacman, Nancy Disman, Tom Leighton, Anthony Williams, John Childs, Childs, Gregory Bailey, Vlad Coric, Jayshree Ullal, Burt Podbere, Shawn Henry, Anthony Casalena's, Jonathan Neman, —, Nick Wells Organizations: Shift4, Akamai Technologies, VerityData, Arista Networks, Mobile Locations: Biohaven

☆ 3 commodities investments that take advantage of the ongoing boom, according to the manager of a fund that's smashing major indexes since inception
▼ + stars: | 2024-05-20 | by ( William Edwards | ) www.businessinsider.com time to read: +1 min

Commodities have surged in 2024; crude oil is up 12%, copper 26%, silver 25%, and gold 15%. McMillan suggests investing in gold, copper, and mining companies via ETFs for exposure. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Year-to-date, crude oil futures are up 12%, copper has risen 26%, silver has climbed 25%, and gold is up 15%. McMillan manages the IDX Commodity Opportunities Fund (COIDX), which is up 6.5% in 2024 and 2.6% since its inception on November 4, 2022.

Persons: McMillan, —, Ben McMillan Organizations: Commodities, IDX, Service, IDX Advisers, Fund, Bloomberg Commodities Index, Business

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