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Gold stocks Among Teng's top gold picks is Canadian miner Barrick Gold . Gold ETFs Aside from stocks, Teng recommended that investors consider exchange-traded funds (ETFs) as a good way to gain exposure to the yellow metal. "ETFs are highly liquid and can be bought and sold daily on the open market, making it easy to adjust a portfolio's gold exposure when needed," he said. He added that ETFs with exposure to the mining sector were an "attractive option," highlighting the VanEck Gold Miners ETF ( GDX ) and VanEck Junior Gold Miners ETF ( GDXJ ). While Teng is bullish on specific stocks within the ETFs, he notes that they broadly capture "the most popular large-cap and mid-cap gold miners funds," thereby offering a "relative balance in one's gold portfolio."
Persons: Kevin Teng, Teng, Barrick, Newmont, Will McDonough, McDonough Organizations: Wrise, CNBC Pro, Barrick Gold, Newmont Corporation, Wall, Coeur Mining, Hecla Mining, New York Stock Exchange, BHP, Gold Miners
Aside from ramen and sausages, South Korea's convenience stores have a new popular item on the menu — gold bars. The country's largest convenience store chain, CU, has been collaborating with the Korea Minting and Security Printing Corporation (KOMSCO) to offer customers mini gold bars — and they're selling like hot cakes. A variety of finger-nail sized gold bars weighing between 0.1 gram and 1.87 gram have been up for sale at CU outlets since April. Priced at 113,000 won each, 1 gram bars were sold out within two days, according to local news reports. This was the sharpest quarterly increase in gold purchases in South Korea in more than two years, WGC noted.
Organizations: Printing Corporation, Gold Locations: Korea, South Korea
My friend and I paid $1,900 to stay in a mountain-view room at the Taj Cape Town in South Africa. That's why I was ecstatic when my best friend asked me to be her plus-one to a ceremony in Cape Town, South Africa, one of the top unique wedding destinations for 2024 and 2025. When we were choosing a place to stay, I decided to go with a chain I was already familiar with and booked a room for two at the Taj Cape Town. I spent 35,500 ZAR, or about $1,900 USD, on a six-night stay at the hotel. Here's what our experience at Taj Cape Town was like.
Persons: , Pierre Organizations: Taj, Service, Taj Cape Locations: Town, South Africa, Cape Town , South Africa, New York City
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOcean Network Express: We're aiming for a 70% cut in CO2 per ton-mile by 2030 from 2008Jeremy Nixon, global CEO of the line shipping company, discusses the need to decarbonize the shipping industry and plan for supply chain disruptions.
Persons: Jeremy Nixon Organizations: Ocean Network
As a pro-Trump mob stormed the Capitol on Jan. 6, 2021, the commanders and members of the District of Columbia National Guard waited in frustration for hours for the order to help put down the riot unfolding just minutes from where they were stationed. With marauders assaulting the police and people dying at the Capitol, Gen. William J. Walker, then the commander of the D.C. Guard, turned to colleagues and openly contemplated defying his chain of command and sending his troops immediately to help the overrun Capitol Police restore order. “If I could send them right now without being fired, I would send them right now,” General Walker told Brig. Gen. Aaron R. Dean II, then the Guard’s adjutant general. What General Walker did not know as he fumed was that his superiors at the Pentagon had already agreed that the Guard needed to be deployed but, because of a huge miscommunication, hadn’t conveyed the order.
Persons: William J, Walker, ” General Walker, Brig, Aaron R, Dean II, General Walker, fumed, hadn’t Organizations: Trump, Capitol, District of Columbia National Guard, D.C, Guard, Capitol Police, , Pentagon
When Donald J. Trump met Stormy Daniels, their flirtation seemed fleeting: He was a 60-year-old married mogul at the peak of reality television fame, and she was 27, not half his age, a Louisiana native raised in poverty and headed to porn-film stardom. But that chance encounter in Lake Tahoe, Nev., some two decades ago set off a chain of events that has brought the nation the first criminal trial of an American president. And on Tuesday, Ms. Daniels took the stand at that trial, bringing the former president face to face with the porn star at the case’s center.
Persons: Donald J, Trump, Stormy Daniels, Daniels Locations: Louisiana, Lake Tahoe, Nev
The firm reiterated an outperform rating on the restaurant chain stock and listed it as a top pick. Oppenheimer's $34 per share price target implies nearly 50% upside from Monday's $22.74 close. "We believe the model is in the early innings of a powerful earnings revision cycle," analyst Brian Bittner wrote Monday. Bittner, however, sees Sweetgreen reporting a smaller-than-expected loss due to strong margins. However, "our work suggests now is the time to get aggressive as the model transitions to sustainable EBITDA profitability starting in 2024."
Persons: Oppenheimer, Sweetgreen, Brian Bittner, Sweetgreen's, Bittner Organizations: FactSet
New York CNN —Panera Bread is eliminating Charged Lemonade from its menu, the caffeinated beverage that has sparked multiple lawsuits and caused a public relations nightmare for the company. The Charged Lemonades will come off the menu in the next two weeks, according to Bloomberg, which first reported the news. The chain declined to comment to CNN on the timeline of the drinks’ removal. A Panera spokesperson said new drinks will replace it, including low-sugar and low-caffeine options, including a new blueberry lavender lemonade, pomegranate hibiscus tea, citrus punch and a tropical green smoothie. Panera kept the Charged Lemonades on the menu, despite the controversies, because experts say removing the drink immediately could have come across as an implied admission that something was wrong with it in the first place.
Persons: Panera, James Haggerty, Haggerty Organizations: New, New York CNN, Bloomberg, CNN, Reuters Locations: New York
The remains of the Key Bridge in the Patapsco River entrance to Baltimore Harbor on May 2, 2024, in Baltimore, Maryland. Van der Steene says the Maersk team has seen less than 200 containers taken off the Dali over the last nine days. But based on North American freight orders from Asia, Van der Steene described 2024 as a "year of reinvigoration." Peak shipping season, which starts in June and continues through the summer for the back to school shopping and then the holidays, is expected to be normal in volume, Van der Steene said. "There's nothing that indicates that it would be a slower peak season or a bigger peak season," said Van der Steene.
Persons: Moller, Charles Van der Steene, Brendan Smialowski, Dali, Francis Scott Key, Van der Steene, Maersk, Kevin Dietsch, Van de Steene, Vincent Clerc, Good Hope, Chip Somodevilla, Van der Organizations: Maersk, Port, Unified Command, CNBC, Afp, Getty, Dali, Salvage, Francis Scott Key Bridge, North, Shipping, Imports, U.S Locations: Port of Baltimore, Baltimore, Maersk North America, Patapsco, Baltimore Harbor, Baltimore , Maryland, Port, Norfolk, Newark, Good, North America, Panama, Asia, U.S, Europe, Vietnam, China, Mexico, United States
Nearly two decades after the fast-casual salad chain Sweetgreen was founded, the company announced on Tuesday that it would introduce beef to its menu. According to Nicolas Jammet, a founder of Sweetgreen, the addition of a caramelized garlic steak option comes at a time when many Americans are trying to increase their protein intake and also as Sweetgreen is looking to attract more customers for dinner. The decision, however, leaves many questions about how the company, which has more than 225 locations, may accomplish its goal of carbon neutrality by 2027 when beef production is a significant factor in climate change. As the company’s website states, “Not only do we have a duty on a human level to do our part, but the business case for a great product that also protects the planet is clear.”Mr. Jammet said the company waited to introduce steak in part because it was challenging to prepare among other items in the restaurants, but also because Sweetgreen wanted to be intentional about how it sourced the beef.
Persons: Nicolas Jammet, , Mr, Jammet, Sweetgreen Organizations: Sweetgreen
Despite lower price tags, Chinese EVs often have more powerful batteries and more advanced technology. The competition among hundreds of Chinese EV makers has spurred rapid innovation. Even Tesla CEO Elon Musk, who made a surprise visit to Beijing last week, has said that without trade barriers Chinese EV makers would "demolish" their competitors. Chinese EVs tend to be smaller, cheaper and more accessible to the masses — BYD's Seagull, a small all-electric hatchback, starts at less than $10,000. It would take time to set up a sales and distribution network, Fields said, and Chinese EV makers could face a perception issue among American consumers.
Persons: They're, Stella Li, America's Tesla, Tesla, BYD, Mark Fields, Elon Musk, Musk, Fields, they've, Li, Biden, Musk's, That's Organizations: Alliance for American Manufacturing, U.S, BYD, NBC News, Western, Communist Party, Ford, International Energy Agency, Western automakers, United States, Lawmakers, World Trade Organization, European, Rhodium Group, EV, China Association of Automobile Manufacturers Locations: China, EVs, U.S, BYD Americas, BYD, Shenzhen, United States, Beijing, Europe, United, Union, Chinese, Mexico, South Korea, Japan
Kim Kardashian returned to the Met Gala on Monday night in another extreme corset. In 2019, Kardashian wore a corset that was so tight she had to take special breathing lessons. AdvertisementSome people have extreme sports, Kim Kardashian has the Met Gala. Kardashian wore a custom John Galliano ensemble to the Met Gala on Monday night. Gilbert Flores/Variety via Getty ImagesKardashian is known for taking extreme measures to pull off her big Met Gala moments.
Persons: Kim Kardashian, John Galliano, Kardashian, , Dimitrios Kambouris, Gilbert Flores, Thierry Mugler, Kevin Mazur, I'm, Marilyn Monroe's, Monroe, John F, Kennedy, Angela Weiss, Bob Mackie Organizations: Service, Metropolitan Museum of Art, The Met Museum, Variety, Getty, Vogue
In March 2023, Iran and Saudi Arabia brokered a deal to re-establish diplomatic relations. Related storiesThe US and Saudi Arabia are in the final steps of a new agreement on security guarantees and civilian nuclear assistance, Reuters reported last week. Many of Neom's projects aimed at capturing the luxury tourism market are located along the Red Sea coast. Set to open next year, Neom's luxury island resort of Sindalah is advertised as an "exclusive gateway to the stunning Red Sea." Saudi officials are already fighting to combat claims that Neom is facing delays and setbacks.
Persons: , it's, Israel, Kristian Coates Ulrichsen, Ulrichsen, Robert Mogielnicki, Mogielnicki, Neom Organizations: Saudi, Service, Neom, New York Times, Reuters, Rice, Baker Institute for Public Policy, Gulf States Institute, Bloomberg, Business Locations: Saudi, Dubai, Israel, Gaza, Iran, Saudi Arabia, China, Palestinian, Israeli, Red, Jeddah
Charged Lemonade from a Panera Bread Co. arranged in the Queens borough of New York, US, on Tuesday, Dec. 12, 2023. A Panera Bread spokesperson says the restaurant chain is phasing out its Charged Lemonade, a highly caffeinated beverage that has been blamed for at least two deaths in lawsuits. A spokesperson for Panera said Tuesday that the nationwide discontinuation of the Charged Lemonade comes after a "recent menu transformation." Panera previously advertised its Charged Lemonade as "Plant-based and Clean with as much caffeine as our Dark Roast coffee." Panera has since updated its nutrition information to reflect how much caffeine is in the Charged Lemonade with ice, listing the large size of the blood orange Charged Lemonade, for example, as having 302 milligrams.
Persons: Sarah Katz, Dennis Brown, Lauren Skerritt, Panera, Katz, Victoria Rose Conroy, Sarah, Brown, Elizabeth Crawford, Kline, Specter, Dennis, Lauren Organizations: University of Pennsylvania, Food and Drug Administration, NBC News, NBC Locations: Queens, New York, Florida, Rhode, Missouri, Pennsylvania, New York City, Philadelphia
US presidential candidates Biden and Trump both vow to get tough on China. EIU predicts worsening US-China economic and diplomatic ties over the 2020s. EIU doesn't expect US trade policies to significantly reduce China's role in global production networks. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe US presidential election is less than six months away, and Democratic and Republican presidential nominee frontrunners Joe Biden and Donald Trump have both vowed to get tough on China.
Persons: Trump, EIU, , frontrunners Joe Biden, Donald Trump, Biden Organizations: Biden, Service, Democratic, Republican, Economist Intelligence Unit, Business Locations: China
Foxtrot, an upscale convenience-store chain, shuttered its 33 locations on April 23. AdvertisementThis as-told-to essay is based on a conversation with Declan Rhodes, a 25-year-old former employee of Foxtrot, an upscale convenience store chain that was based in Chicago. This will be a nice little survival job while I'm auditioning." It was just: "Kick everyone out of the store, take out the trash, lock doors, and close the store officially." My next move after FoxtrotIt's back to square one in terms of finding a survival job.
Persons: Declan Rhodes, , I've, John J, Kim, strapping, we'd, Rhodes, It's, I'm Organizations: Service, Washington DC, Business, Caesars, Chicago Tribune, Tribune, Getty, Foxtrot Locations: Chicago, Austin, Dallas, Springfield , Missouri, Illinois
There are signs that the U.S. consumer is still spending, especially on experiences. But stubbornly high prices are squeezing consumers with lower incomes, pressuring everyday purchases and corporate profits. Broadly speaking, credit card companies like American Express, Visa and MasterCard have described spending trends as "relatively strong," "relatively stable," and even "healthy." Priceline parent Booking Holdings told analysts there are no signs consumers are taking shorter vacations or trading down in their hotel choices. McDonald's added that "the consumer is certainly being very discriminating in how they spend their dollar."
Persons: Brandon Bell, Morgan Stanley's Michael Wilson, Morgan Stanley, Mike Stocker, Stanley Black, Decker, , Anton Pinsky, Beata Zawrzel, Laxman Narasimhan, Shack, Domino's, Pavlo Gonchar Organizations: Getty, Home Depot, Walmart, American Express, Visa, MasterCard, PayPal, Booking Holdings, Las, Port, Tribune, Service, Consumers, Whirlpool, Corp, Starbucks Corp, Nurphoto, Lightrocket Locations: Austin , Texas, U.S, Las Vegas, Port of Miami, Krakow, Poland, Russia, Ukraine
A passenger was caught with a bag of snakes in their pants at Miami International Airport. AdvertisementA passenger was caught trying to smuggle a bag of snakes onto a plane at Miami International Airport last month. Transportation Security Agency officials said officers detected the small bag "hidden in a passenger's pants" on April 26. Officers at @iflymia detected this bag of snakes hidden in a passenger’s pants at a checkpoint on Fri, April 26. pic.twitter.com/CggJob8IT8 — TSA_Gulf (@TSA_Gulf) April 30, 2024Upon discovering the reptiles at a security checkpoint, the TSA called in the police and Customs and Border Protection.
Persons: , Oakley, @TSA, Kanitha, frontliners Organizations: Miami International Airport, Daily Mail, Service, Transportation Security Agency, Miami - Dade Police, Florida Fish and Wildlife Conservation Commission, TSA, Customs, Florida Fish and Wildlife Conservation, Guardian, Airlines, Protection Locations: Asia, Miami, Thailand, Southeast Asia, South Asia
"That all really kind of plays right into Ollie's hands." Her $92 price target implies about 17%% upside from Monday's close. The average analyst has a buy rating and target for shares suggesting upside of more than 12%, according to LSEG. Ollie's shares are lagging the broader market in 2024 with a gain of almost 5% versus the S & P 500's 9% gain. OLLI 1Y mountain Ollie's shares over the past 12 months.
Persons: Anthony Chukumba, it's, Price, Melanie Nuñez, Ollie's, Nuñez, Chukumba, OLLI, Truist's Scot Ciccarelli, Ciccarelli, TJ Maxx, BofA's Nuñez, Chukumba's, FirstCash Organizations: Capital, Federal, Amazon, Walmart, Bank of America, Wall, Ross Locations: McDonald's, Harrisburg , Pennsylvania, Monday's, Ollie's
Longtime Starbucks CEO Howard Schultz has some thoughts on Starbucks' poor sales. He said the chain needs to listen to baristas, fix its app, and focus on the customer experience. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementHoward Schultz says Starbucks needs to fix its stores and mobile app to reverse its "fall from grace." "The company's fix needs to begin at home: US operations are the primary reason for the company's fall from grace," Schultz wrote.
Persons: Howard Schultz, , Schultz Organizations: Starbucks, Service, Business Locations: North America, China
The difficult road ahead for Club holding Starbucks took a dramatic, unexpected turn this weekend — one that Jim Cramer said he's not seen before in his four decades on Wall Street. "I think he's coming from the point of view just sadness about where the franchise is," Jim said. Narasimhan said Starbucks is working on a plan to speed up customer service and improve its supply chain. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Former Starbucks CEO Howard Schultz testifies about the company's labor and union practices during a Senate Committee on Health, Education, Labor and Pensions hearing on Capitol Hill in Washington, DC, March 29, 2023.
Persons: Jim Cramer, he's, Howard Schultz, Schultz, I've, Jim, Laxman Narasimhan, Kevin Johnson, SBUX, Narasimhan, Howard, Jim Cramer's, Saul Loeb Organizations: Club, Starbucks, CNBC, LinkedIn, Health, Education, Labor, Capitol, AFP, Getty Locations: U.S, North America, China, Washington , DC
I tried Red Lobster's family taco meal deal for $30 — it was not enough to feed my family of four. Red Lobster's family taco meal deal Had I not added fries and biscuits, I think my family would've been hungry later that night. As far as family-style meal deals from chain restaurants go, this one was not worth the price. AdvertisementMany chain restaurants, from Panera Bread to IHOP , have been adding family-style meal deals to their menus. So, instead of cooking dinner on Taco Tuesday, I headed to seafood chain Red Lobster to try its family taco meal deal.
Persons: Organizations: Service, Taco
To Cramer, McDonald's earnings' disappointed last week because its products have become too expensive. He said consumers no longer consider the burger chain to have bargain prices, something the the company could be reluctant to admit. Cramer also said Starbucks ' coffee may be too expensive, adding he's disappointed management doesn't seem to be talking about rolling back prices. Cramer also discussed how Dollar General and Dollar Tree might shape up against outfits like Walmart and Costco . McDonald's, Starbucks, Target, Dollar General, Dollar Tree and Costco did not immediately respond to requests for comment.
Persons: CNBC's Jim Cramer, Cramer, doesn't Organizations: Nordstrom, Walmart, Costco, Starbucks, Target
Howard Schultz, former chief executive officer of Starbucks Corp., drinks from a Starbucks mug during a Senate Health, Education, Labor, and Pensions Committee hearing in Washington, DC, US, on Wednesday, March 29, 2023. The answer does not lie in data, but in the stores," Schultz wrote in a letter on Sunday evening posted to LinkedIn. He appeared to offer advice to his successor as he tries to turn the chain's sales around. "Leaders must model both humility and confidence as they work to restore trust and increase performance across the organization," Schultz wrote. A year and a half ago, Schultz told CNBC that he does not plan to come back as Starbucks' chief executive again.
Persons: Howard Schultz, Schultz, Sara Senatore, Laxman Narasimhan, Reckitt Organizations: Starbucks Corp, Health, Education, Labor, Starbucks, LinkedIn, Bank of America Securities, CNBC Locations: Washington , DC, U.S, East
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSen. Joe Manchin: The U.S. needs supply chain it can rely on with 'our allies not our adversaries'Sen. Joe Manchin joins 'Last Call' at the Milken Conference to talk U.S. energy policy.
Persons: Email Sen, Joe Manchin, Sen Organizations: Email, Milken Conference Locations: U.S
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