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☆ Paris 2024: What is an Individual Neutral Athlete at the Olympic Games?
▼ + stars: | 2024-05-21 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +8 min

CNN —Russian athletes have competed under several different guises throughout the 128-year history of the Olympics, and they will be known by another new name at Paris 2024. Antonin Thuillier/AFP/Getty ImagesHere’s everything you need to know about the participation of Russian and Belarusian athletes at the 2024 Olympics. “The sanctions against those responsible for the war, the Russian and Belarusian states and governments, remain in place for the Olympic Games Paris 2024,” the IOC said in a statement. “No flag, anthem, colors or any other identifications whatsoever of Russia or Belarus will be displayed at the Olympic Games Paris 2024 in any official venue or any official function,” the statement continues. Like all other athletes, AINs will need to meet anti-doping requirements to be considered for selection.

Persons: Ukraine –, Igor Kobzar, Antonin Thuillier, –, AINs, Star Pau Gasol, Nicole Hoevertsz, Ryu Seung, Robert Michael, Russia –, Mariya Lasitskene, ”, Daniil Medvedev, “, it’s, Russia ” Organizations: CNN, Olympics, Belarus –, International Olympic Committee, IOC, ATP, WTA, Russian Olympic, Getty, Games, Olympic Games, Star, Athletes ’ Commission, International, Russian Olympic Committee, Paris, Tokyo, Kyodo, ROC, “ Unified, ”, Soviet Union, Unified Locations: Ukraine, Belarus, Belarusian, Donetsk, Kherson, Luhansk, Zaporizhzhia, Paris, France, Russia, AFP, Russian, AIN, Tokyo, Beijing, China, –, Moscow, Pyeongchang, South Korea, Barcelona, Soviet, Baltic, Lithuania, Latvia, Estonia

☆ Bank of America details the best hedge for a big stock-market move on Nvidia earnings
▼ + stars: | 2024-05-20 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

Its soaring revenue and profits have driven the bulk of the S&P 500's earnings growth over the past year. Bank of America shared how investors can hedge against the risk of Nvidia's earnings swinging the broader market. Over the past 12 months, Nvidia's earnings growth drove 37% of the S&P 500's earnings per share growth. But over the next 12 months, Nvidia's earnings growth is expected to drive just 9% of the S&P 500's earnings growth. "Don't mess with proxies; hedge with NVDA options," Bank of America said.

Persons: Nvidia's, — Organizations: Bank of America, Service, Nvidia, Nasdaq

☆ How Khaby Lame, the world's most-followed TikToker, built his business and where he's headed next
▼ + stars: | 2024-05-20 | by ( Marta Biino | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The creator started posting short comedy videos during the pandemic, poking fun at people on the internet who make life too complicated for themselves. One of his most popular skits, with 276 million views, shows a person using a knife to peel a banana. "I don't think I have a single sponsor in Italy," Lame said. Lame helped promote Smith's recent film "Bad Boys: Ride or Die" with a short video that amassed 19 million views on TikTok and 111 million on Instagram.

Persons: —, Charli D'Amelio, He's, I've, Rodin Eckenroth, Lame, Shaquille O'Neal, Hugo Boss, Naomi Campbell, Robert Downey Jr, Duke McKenzie, Nicola Paparusso, Paparusso, Lame's, Will Smith, he's, Marco Belardi — Organizations: Service, Business, Academy, Google, Pepsi, CIA Locations: Italian, Northern Italy, Italy, Los Angeles, Milan, TikTok, Hollywood

☆ This energy stock and other plays are set to jump the most over the next month, according to an AI model
▼ + stars: | 2024-05-20 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

One AI model that is built to help investors pick winners in the stock market has grown confident in the near-term upside for a mid-sized energy stock. Some of the data sources that feed into the iFi AI model include macroeconomic updates, news articles, fundamental company data and technical trading indicators. The AI model is bullish on more energy stocks than just Marathon, as Southwestern Energy also makes the cut. One potential momentum play from the iFi AI list is Vertiv , whose share price has more than doubled in 2024. The CEO of iFi AI, which launched in March , is CNBC senior analyst and commentator Ron Insana.

Persons: Ai, Ron Insana Organizations: Oil, Southwestern Energy, CNBC Locations: Marathon, LSEG, The Ohio

☆ Meet WiFi Money: Wealthy Finance Influencers Who Infuriated Investors
▼ + stars: | 2024-05-19 | by ( Rob Price | ) www.businessinsider.com time to read: +26 min

The Texas couple were staring down more than $100,000 in debt, much of which they had poured into WiFi Money. Those who give their money to WiFi Money are often encouraged to sign up other people in return for a cut of their profits — and perhaps, one day, a chance to become part of the WiFi Money crew. As the money poured in, WiFi Money gained a patina of mainstream credibility. AdvertisementThrough WiFi Money, Moeller and Frederick had created a virtuous cycle of money and influence. The same month investors took WiFi Money to court over the stores, DBC announced it was closing down.

Persons: Alex Moeller, influencer, Jasmine Sadry, Joey Martin, Martin, Moeller, Chris Frederick, Casa Moeller Martinez, MentorCI, Kim Kardashians, Gary Vee, Uber, Etsy, Farnaz Ghaedipour, Frederick, Jay Gatsby, Scott Fitzgerald's, Brandon Celi, There's, Billy, Chris Casey, There's Todd Cahill, Liz Friesen, Tana Mongeau, Kardashian, —, James Ragano, BI Moeller, wouldn't, Kyle McDougal, Sadry, Kyncey, McDougal, hustlers, Kevin O'Leary, Jordan Belfort, Ronaldinho, Glenn Beck, I've, he'd, Daemon, I'm, they'd, It's, Chris Costello, Francis, Ashley, Costello, Gatsby, Casey, Avery Williamson, Victor Bermudez, DBC, They're, Instagram, Rolex Submariner Organizations: WiFi, Lamborghini, McLaren, Fox News, YouTube, Invest, Stanford University, PBS, BI, Social, Yahoo Finance, Business, Times, Piccadilly Circus, Fort, DMs, Kyncey Investments, Amazon, Kyncey, Investors, CNN, Fox Business, Big Tech, Florida Tropics Soccer Club, Royce, WiFi Money, Federal Trade Commission, WifiMoney, IRS, NFL, Dallas, Rolex Locations: Instagram, Mexico, Texas, Dallas, Quito, Ecuador, @amoeller, Florida, pecs, Maryland, Europe, Illinois, Mita, Burj, Fort Worth, dropshipping, Brazilian, New York City, ensconced, Minnesota, Los Angeles, Munich

☆ Trump is planning a rare Republican campaign stop in the Bronx to court minority voters. Will it make any difference?
▼ + stars: | 2024-05-19 | by ( John L. Dorman | ) www.businessinsider.com time to read: +1 min

Trump plans to headline a campaign event in the Bronx on Thursday. Trump has little chance to win the NYC borough but saw a jump in support there from 2016 to 2020. AdvertisementFormer President Donald Trump is set to make an unusual pit stop for a Republican candidate later this week. On Thursday, the native New Yorker will headline a campaign event in the Bronx, one of New York City's five boroughs and one of the bluest jurisdictions in the country. This story is available exclusively to Business Insider subscribers.

Persons: Trump, —, Donald Trump Organizations: Service, Republican, Yorker, New York, Democratic, GOP, Business Locations: Bronx, New

☆ Kharkiv: Life goes on as Russian advance menaces city
▼ + stars: | 2024-05-19 | by ( Andrew Carey | Daria Tarasova-Markina | ) edition.cnn.com time to read: +17 min

Kharkiv, Ukraine CNN —Thirty miles to the north, Russian forces are invading again. 00:41 - Source: CNNHotel manager Olha SokolenkoOlha Sokolenko, director of Kharkiv Palace Hotel, was in the hotel at the moment of the strike. This is my homeland.”Kharkiv’s mayorKharkiv's mayor, Ihor Terekhov, was elected just a few months before the Ukraine war broke out. To send signals both to Kharkiv residents who stay here that life goes on, and signals to those outside of Kharkiv that Kharkiv is a Ukrainian city and people live here.”Lomako explains that he and his partners traveled across the country to collect local recipes and techniques. Kharkiv theater goes undergroundThis theater in Kharkiv is one of several city institutions forced underground by the war.

Persons: Yuriy Sapronov, Sapronov, Chasiv Yar, ”, Yuriy, Daria Tarasova, ” Sapronov, Olha Sokolenko, Sokolenko, Olha, “, Kolotay, Cristiano Ronaldo, Matviy, Mikhaylo Galushko, ” Galushko, Ihor Terekhov, Volodymyr Zelensky, ” Terekhov, Borys Lomako, “ It’s, ” Lomako, Lomako, Dmytro Gurov’s, Dmytro Gurov, CNN Gurov, Gurov, it’s, Oksana Stetsenko, ” Stetsenko, Neda Nezhdana Organizations: CNN, Ukraine CNN, Emergency Service, Soviet, Kharkiv, CNN Hotel, Hotel, ” FC Metalist Kharkiv Matviy Kolotay, FC Metalist Kharkiv, Hirnyk Sport, Coaches, FC Metalist, English, Everton, UEFA, Kharkiv's, Russia, Hyundai, Russian, Employees, Schools Locations: Kharkiv, Ukraine, Russian, Ukraine’s, Che, Russia, “, Kaliningrad, Soviet Union, Soviet, Kyiv, Kremenchuk, Uzhhorod, Poltava, Ukrainian, Dnipro

☆ Who’s going to win the PGA Championship? Breaking down a crowded leaderboard
▼ + stars: | 2024-05-18 | by ( Brody Miller | ) www.nytimes.com time to read: +13 min

Follow live coverage of the final round of the 2024 PGA Championship todayLOUISVILLE, Ky. — Justin Thomas predicted it so perfectly. Six of the biggest names in golf are within two shots of the lead on Sunday at the year’s second major championship. It served as a reminder — just as his hot start at the Masters did — of the truth about DeChambeau: Golf hated DeChambeau. That combined with a PGA Championship win to add to his 2013 U.S. Open win at Merion takes Rose from solid career to one of the best European golfers of the century. It coming at a PGA Championship (often viewed as the lowest of the four majors) wouldn’t help.

Persons: — Justin Thomas, Rory McIlroy, Phil Mickelson’s, Rickie Fowler’s, There’s, ” Thomas, Xander Schauffele, Bryson DeChambeau, Shane Lowry, Ryder, it’s, Scottie Scheffler, Collin Morikawa, Morikawa, hasn’t, Scheffler, Schauffele, Xander, He’s, he’s, Sahith Theegala, DeChambeau, It’s, —, ake, ike, hick, lew, Å berg, eason, ron, H, aturday,, ory, cIlroy Organizations: Valhalla, birdies, Bryson DeChambeau EAGLES, ust Locations: LOUISVILLE, Ky, Valhalla, ”, Louisville, COVID, iewed, ife

☆ Donald Trump's political maelstrom could be close to sucking Ivanka back in
▼ + stars: | 2024-05-18 | by ( Katherine Tangalakis-Lippert | Erin Snodgrass | ) www.businessinsider.com time to read: +6 min

It's been nearly two years since Ivanka Trump announced she was "done" with Washington politics. Advertisement"It's becoming more of a reality that President Trump could be president again," R. Couri Hay, a society publicist and longtime acquaintance of the Trump family, told Business Insider. My understanding is that privately she's saying she's ready to be first lady again if called." Hay added: "Then why are we so shocked and surprised that Ivanka could, too, feel the call of the siren? "The idea of assuming some sort of role is something I can imagine Ivanka might be thinking about."

Persons: It's, Ivanka Trump, she's, Donald Trump's, Puck, Trump, Couri Hay, Hay, Ivanka, Jared, they'd, it's, Nordstrom, Scarlett Johansson, Alexa Chung, reputational, —, Ambani, Kim Kardashian's, Donald Trump, Ivanka's Organizations: Service, Business, Republican, Trump Organization Locations: Washington, Maui

☆ I'm a US Army jumpmaster in the frozen Arctic, and the coldest jump I've ever made was -50 degrees Fahrenheit
▼ + stars: | 2024-05-18 | by ( Chris Panella | ) www.businessinsider.com time to read: +9 min

Micah Symmonds, a US Army jumpmaster in the 11th Airborne Division based in Alaska. There's a reason why so many people choose to be in an airborne division for their entire career. Especially being in the 11th Airborne Division, we have a very unique geographical position, so we're able to reach a lot of places in the Indo-Pacific region. And then becoming a jumpmaster, you're a leader in that organization, you really need to show the want and drive. On each jump, you're generally exiting from both parachute doors of an aircraft, and each door will have a jumpmaster.

Persons: Micah Symmonds, It's, I've, Keon Horton, Natalie Doan, They've, Molly Treece, there's, it's Organizations: Service, US Army, 11th Airborne Division, Business, 11th Airborne, U.S . Army, 3rd Battalion, 509th Parachute Infantry Regiment, 2nd Infantry Brigade Combat Team, Pacific Multinational Readiness, Donnelly Training, U.S, Army, U.S . Army 2nd Infantry Brigade Combat Team, 36th Airlift Squadron, Yokota Air Base, . Air Force, Boeing, Delta Junction Locations: Alaska, Guam, Australia, Thailand, Philippines, Kuwait, jumpmaster, balaclava, Japan, Delta, AK

☆ Tsai Ing-wen: the leader who put Taiwan on the map and stood up to China
▼ + stars: | 2024-05-18 | by ( Wayne Chang | Nectar Gan | ) edition.cnn.com time to read: +16 min

While supporters applaud Tsai for standing up to China, defending Taiwan’s sovereignty, freedom and democracy, critics blame her for straining ties with Beijing, stoking cross-strait tensions. Beijing, which deems the tacit agreement a precondition for dialogue, has cut official contact with Taipei since Tsai took office. Taiwan President Tsai inspects reservists at a training session at a military base in Taoyuan on May 11, 2023. But under Tsai, Taiwan has sought to enhance its asymmetric defense capabilities, developing and procuring cheaper and more mobile weapon systems that could be instrumental in halting a potential Chinese invasion. Taiwanese military experts have increasingly advocated for such an approach, noting that Taiwan can never match China in military might and assets.

Persons: Taipei CNN — Tsai Ing, introvert, ” Tsai, Xi Jinping, Xi, Tsai, stoking, Taiwan’s, Lai Ching, ”, Alex Chan Tsz Yuk, Wellington Koo, “, Vanessa Hope, Ma Ying, Taiwan's, Jose Lopes Amaral, Wen, Amanda Hsiao, Nancy Pelosi, Chien Chih, Nancy Pelosi’s, Huang, Jameson Wu, ” Sung, ” Hsiao, “ Tsai, Sawayasu Tsuji, Sung, ” Tsai’s, –, Lai Organizations: Taipei CNN, Democratic Progressive Party, DPP, Kuomintang, KMT, World Health Organization, WHO, Atlantic, Trump, Biden, International Crisis, US, Getty, World Health Assembly, National Chengchi University, Getty Images, Taiwan’s Military Academy, ” Tsai’s DPP Locations: Taipei, Taiwan, China, United States, Beijing, Tsai, Asia, Wellington, Ukraine, Gaza, Japan, Czech Republic, Republic of China, Taoyuan, AFP, Washington, Hong Kong

☆ Katz: Not the time to jump into stocks with new money
▼ + stars: | 2024-05-17 | 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 EmailKatz: Not the time to jump into stocks with new moneyDavid Katz, Chief Investment Officer at Matrix Asset Advisors, discusses his top stock picks and market outlook.

Persons: Email Katz, David Katz Organizations: Asset

☆ A major new aviation bill seeks to end passengers being made to pay to sit with their kids, and to improve safety on planes after the Alaska blowout
▼ + stars: | 2024-05-17 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

The bill says the FAA Administrator will decide within 60 days whether to mandate minimum seat dimensions on planes for safety reasons. Senate Commerce Committee Chair Maria Cantwell said: "Plane manufacturers will see more safety inspectors on factory floors and tougher safety standards from the FAA." "The bipartisan Federal Aviation Administration reauthorization is a big win for travelers, the aviation workforce, and our economy. It will expand critical protections for air travelers, strengthen safety standards, and support pilots, flight attendants, and air traffic controllers," Biden said in a statement. AdvertisementHe added: "Passengers shouldn't have to jump through endless hoops just to get the refunds that they are owed, and corporations shouldn't rip off hardworking Americans through hidden junk fees."

Persons: —, Joe Biden, Maria Cantwell, Biden Organizations: Service, Federal Aviation Administration, National Transportation Safety Board, Business, FAA, Alaska Airlines

☆ In a white-collar recession where $100,000 jobs are hard to find, women are winning out
▼ + stars: | 2024-05-17 | by ( Emily Mccrary-Ruiz-Esparza | ) www.businessinsider.com time to read: +7 min

Fewer women apply for 6-figure positionsAccording to iCIMS's analysis, women have made up 41% to 44% of applicants for six-figure jobs across Asia, Europe, the Middle East, South America, and the US since 2020. In other words, though they constitute less than half of applications for six-figure jobs, they are often hired for more than half of those jobs. "The fact that they are applying for these six-figure jobs does not imply that the gender pay gap is narrowing," says Njuki. "This would require a comparison between the women in those six-figure jobs and the men in those six-figure jobs." "A big reason for the gender pay gap is not enough women in the higher-paid managerial and leadership positions.

Persons: —, Hewlett Packard, Jemimah Njuki, Yana Rodgers, Rodgers, Njuki, It's Organizations: Service, Business, Vanguard, Hewlett, UN, Center for Women, Rutgers University, McKinsey Locations: Asia, Europe, East, South America, United States

The question for some of us is, why some people want to keep working decades beyond retirement age? CNN Opinion editor Stephanie Griffith asked seven people who are past the conventional retirement age why they are still at the job and got as many responses as there were respondents. They continue to work happily and productively, and were happy to explain to us how and why they do it. Over the years I’ve had to adapt frequently to the changing technology, which isn’t always easy for someone my age. That may be the secret of working well past the time society tells us we’re supposed to retire.

Persons: CNN —, Howard Tucker, Tucker, he’ll, ” Tucker, Joe Biden, Donald Trump —, Trump, ageist, Biden, Stephanie Griffith, Vincent, Austin Tucker, I’ve, isn’t, “, Taylor Taglianetti, Gayle Fleming, it’s, I’m, —, Gayle Fleming Michael Ventura, Biden —, Charles Simon, Ana Marie Forsythe, Alvin, Ana Marie Forsythe Kyle Froman, — Joyce Trisler —, Joyce, She’d, Lester Horton, Alvin Ailey, Ailey, Ailey School Martha Graham, José Limón, Horton, don’t, Marjorie Perces, Cheryl Bell, didn’t, Babette Coffey, you’ve, you’re, David A, I, Pamela S, Donald Trump, Maggie Mulqueen, Alan Steele, Joan Steinau Lester, ”, Carole Johnson, — I’m, Octogenarians Organizations: CNN, Records, Biden, Vincent Charity Medical Center, Case Western Reserve University, St, AI Society, Computer, MSNBC, Society, Alvin Ailey School, Dance Media, Juilliard, Ailey School, Alvin, Alvin Ailey American Dance, Vassar College, Ailey, Horton Department, The New York Times, CBS, American, French Legion of, Social Security, Twitter Locations: Ohio, St, Cleveland, one’s, Seattle , Washington, Cambridge , Massachusetts, West, Horton, New York City, ”, Brookline , Mass, drmaggiemulqueen.com

☆ Big Tech's spending on the AI race could surpass $1 trillion in the next five years
▼ + stars: | 2024-05-17 | by ( Ellen Thomas | ) www.businessinsider.com time to read: +1 min

Big Tech is expected to spend $200 billion on assets like equipment in 2024, a Bernstein note said. At that rate, Big Tech's spending on capex could surpass $1 trillion in four to five years. AdvertisementBig Tech is spending big on the AI arms race. In the next five years, spending by Big Tech on fixed assets — also known as capital expenditures, or capex — could surpass $1 trillion, Bernstein analysts said. The majority of Big Tech's capital expenditures go toward technical infrastructure such as land, data centers, servers, and networking equipment.

Persons: Bernstein, — Organizations: Big Tech, Service, Microsoft, Google, Apple, Big, Business

☆ Wayfair to open its first large store, as physical locations make a comeback
▼ + stars: | 2024-05-16 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +10 min

Wayfair follows other direct-to-consumer brands that have opened stores, including Warby Parker , Figs , Casper, Glossier and Everlane. In the early 2010s, new store openings largely outpaced closures, until the tide turned in 2017. Jeenah Moon | Bloomberg | Getty ImagesOther privately held direct-to-consumer brands have also expanded into retail stores, including bedding company Brooklinen, furniture store Burrow and apparel brands Everlane and Untuckit. High cost of entryIf direct-to-consumer brands could all open stores and suddenly boost sales and profitability, they'd all be doing it. Courtesy: WayfairSome direct-to-consumer brands have already been burned after they expanded too quickly and demand fell.

Persons: Niraj Shah, Wayfair, Warby Parker, Glossier, They're, Larry Cheng, It's, you'll, Liza Lefkowski, Shah, Coresight, John Mercer, Coresight's, Trina Spear, Spears, King, King of Prussia, Rebecca Fitts, Alvarez, Tolia, Allbirds, Al Drago Organizations: CNBC, Apple iOS, Companies, Walmart, Target, Joss, Discount, TJX, Bloomberg, Getty, Marsal, Washington , D.C Locations: Wilmette , Illinois, Chicago, Casper, Amazon, U.S, Coresight Research's, Burlington, Los Angeles, Philadelphia, King, King of Prussia , Pennsylvania, Georgetown, Washington ,

☆ Neither Russia nor China wants the Ukraine war to end, but for different reasons
▼ + stars: | 2024-05-16 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

Read previewRussian President Vladimir Putin is on a two-day visit to China, and he's bringing along a large trade delegation. But Russia has also become increasingly reliant on China since it started the war in Ukraine. For instance, Russia is now "exporting raw materials to China while China sends finished goods, especially cars, to Russia — the latter at the expense of Russia's indigenous auto industry," she added. However, some analysts say China has more to gain from a continuing war. China and Russia are forging a partnership increasingly reminiscent of a great power alliance," wrote Michta.

Persons: —, Vladimir Putin, It's, Putin, Xi —, Michta, Russia —, Europe —, China's Organizations: Service, Business, Center for, Bilateral, West, Center, Global Energy, Columbia University, Kyiv —, US Army Locations: China, Russia, Ukraine, Moscow, Siberia, Europe, Beijing

☆ Dollar sags as slower U.S. inflation boosts rate cut expectations
▼ + stars: | 2024-05-16 | by ( ) www.cnbc.com time to read: +3 min

The dollar skidded to multi-month lows on Thursday after U.S. core inflation hit its slowest in three years and retail sales turned flat, which pulled forward expectations for rate cuts in the world's biggest economy. The dollar skidded to multi-month lows on Thursday after U.S. core inflation hit its slowest in three years and retail sales turned flat, which pulled forward expectations for rate cuts in the world's biggest economy. Stocks and other risk-sensitive assets such as the Australian dollar led gains in the wake of the data release. The New Zealand dollar hit a two-month high at $0.6131. Softer-than-expected retail sales figures, which were flat last month instead of the 0.4% gain that economists had forecast, reinforced the newfound confidence in rate cuts.

Persons: Sterling, Bart Wakabayashi, China's, Bitcoin Organizations: Australian, New Zealand, U.S, State, European Central Bank Locations: Asia, Tokyo, Treasuries

☆ As bad as you may think the economy is now, it’s nowhere near the 1970s
▼ + stars: | 2024-05-16 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +4 min

New York CNN —When new gross domestic product figures last month showed US economic growth slowed from recent gangbuster levels, many people diagnosed the economy as having a really ugly sickness: stagflation. So March’s ugly inflation report, which showed an unexpected jump in the pace of price increases, and the lackluster GDP report, made the diagnosis seem like a no-brainer. Even JPMorgan Chase CEO Jamie Dimon said last month the US economy “looks more like the 1970s than we’ve seen before” and that stagflation is a growing risk. Economic slack, a term I unfortunately cannot take any credit for, broadly describes a situation where the economy isn’t performing as well as it could be. The most widely recognized symptom of economic slack is a rising unemployment rate.

Persons: Jamie Dimon, we’ve, Jerome Powell, ”, Powell, you’ve, it’s, Austan Goolsbee, Diane Swonk, wasn’t, stagflation, millennials Organizations: New, New York CNN, JPMorgan Chase, Fed, Chicago Fed, KPMG Locations: New York, stagflation

☆ Here are some options to reduce taxes on your savings interest this year
▼ + stars: | 2024-05-16 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

Many Americans are earning more on cash after interest rate hikes from the Federal Reserve — and that income can trigger a surprise at tax time. "So many people were shocked by their cash interest earned" and taxes owed, said Boston-based certified financial planner Catherine Valega, founder of Green Bee Advisory. Interest from savings accounts or certificates of deposits incurs regular or "ordinary income" taxes, depending on your federal income tax bracket. Some investors also owe state taxes on interest. Meanwhile, some of the biggest money market funds were paying north of 5% as of that date, according to Crane Data.

Persons: Catherine Valega, Trump Organizations: Federal Reserve, Green Bee, IRS, Finance, Biden, Data Locations: Boston

A fast food stock and Nvidia were among the stocks being talked about by analysts on Wall Street. RBC assumed coverage of Jack in the Box with an outperform rating and a price target that implies more than 40% upside. Ransom's $10 price target implies about 37.6% potential upside for the stock, which has gained 8.5% this year. Mailk said he likes the buy-rated stock on "secular AI growth opportunities" and maintained his $1,030 price target. New Street Research maintained its buy rating and $1,100 price target ahead of the quarterly print.

Persons: Jack, Piper Sandler, GoodRx, Raymond James Raymond James, John Ransom, — Pia Singh, Tesla, Dell, Amit Daryanani, Daryanani, Wolfe, Chris Caso, Caso, INTC, Coupang, Jennifer Han, Han, that's, Nvidia's, Piper Sandler's Harsh Kumar, Kumar, Blackwell, Atif Malik, Mailk, Pierre Ferragu, Logan Reich, JACK YTD, Fred Imbert Organizations: CNBC, Nvidia, Wall, RBC, Citi, New, Research, Kroger, pharma, Dell, DELL, Wolfe Research, Intel, UBS, Blackwell, RBC Capital Markets Locations: Korea

☆ How one rising Miami VC raised more money for his first fund. Other emerging investors haven't been so lucky.
▼ + stars: | 2024-05-16 | by ( Vishal Persaud | ) www.businessinsider.com time to read: +7 min

Evans is the founder of Exceptional Capital, which launched in 2022 among the many emerging VC firms that sprouted during the fundraising boom years. Before pursuing a life in venture capital and tech, Evans hoped to make it to the NFL as a linebacker at the University of Michigan. And then in 2022, Evans decided to launch Exceptional Capital and invest as a solo VC. Exceptional CapitalBecause he's been able to increase the size of his fund, Evans has been able to expand his team. "I could see that for Marell as well, just his work with Exceptional Capital and kind of his determination there."

Persons: —, Marell Evans, Evans, he's, Dave Brandon, Brandon, Ben Horowitz, Andreessen Horowitz, Horowitz, A16z, Okta, Owen Van Natta, Hustling, Melissa Morano Aurigemma, Graham Stoddard, Andrew Van Nest, I've, Cody Coleman, Coleman, what's Organizations: Service, Exceptional, Business, NFL, University of Michigan, NCAA, IBM, Facebook, Vision, SV Angel, A16z, Exceptional Capital Locations: Miami, Michigan, San Francisco, Okta, Silicon Valley, SoftBank, —, Bessemer

☆ This 3-word phrase will stop people from interrupting you, says public speaking expert
▼ + stars: | 2024-05-16 | by ( John Bowe | In Johnfbowe | ) www.cnbc.com time to read: +4 min

Try the following tips to learn to speak in a more authoritative way at work and even at home. Handy as this phrase may be, it's important to reduce the chances that anyone will interrupt you in the first place. Next time a Trevor interrupts, you can jump in: "Maryann was speaking, Trevor. John Bowe is a speech trainer, award-winning journalist, and author of "I Have Something to Say: Mastering the Art of Public Speaking in an Age of Disconnection." Take CNBC's new online course Become an Effective Communicator: Master Public Speaking.

Persons: Handy, Trevor —, Trevor ! Bam, I've, Trevor, I'd, you've, John Bowe Organizations: Yorker, The New York Times Magazine, GQ

☆ With S&P back at new highs, now come the price target and earnings revisions
▼ + stars: | 2024-05-16 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

Now that the S & P 500 and most major stock market indexes are at or near historic highs, expect a raft of earnings and year-end price target revisions for the S & P 500 to be coming. First up with an upward revision was Brian Belski at BMO Capital, who Wednesday raised his year-end S & P target to 5,600 from 5,100. The median price target (half above, half below) is 5,200. Earnings for the rest of the year have been remarkably stable, but the key point is that each quarter is higher and a record for S & P 500 profits: 2024 S & P 500 quarterly earnings estimates Q2: $59.46 (record) Q3: $63.49 (record) Q4: $65.08 (record) Source: LSEG Valuations (roughly 20 times forward S & P 500 earnings) are pricey but not unreasonable given the continuing strength of the economy and the prospects of AI-boosted returns. May: market advance broadens (advance/decline line) S & P 500: near new high S & P Mid Cap: new high S & P Small Cap: highest since Dec.

Persons: Sam Stovall, CFRA, Brian Belski, Belski, Subramanian, Venu Krishna, Goldman Sachs, David Kostin, Ned Davis, Ed Clissold, Oppenheimer, John Stoltzfus, Lori Calvasina, Manish, Nicolaus, Barry Banniester, Jonathan Golub, Chris Harvey, Dubravko, Bujas, Cantor Fitzgerald, Eric Johnson, Scott Chronert, Julian Emanuel, Fundstrat, Tom Lee, Morgan Stanley, Mike Wilson, Hugo Ste, Stovall Organizations: BMO Capital, Wall, of America, Barclays, BMO, RBC, Societe Generale, UBS, Bloomberg, Citigroup, Deutsche Bank, ISI, JPMorgan, Scotiabank, @VX Locations: Wells Fargo, Marie

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