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☆ 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

☆ My kids' middle names are places my husband and I have loved. I didn't want to name them after people.
▼ + stars: | 2024-05-20 | by ( Katrina Donham | ) www.businessinsider.com time to read: +5 min

I gave birth to my first child — a daughter — in New York City in April of 2020, just after the start of the pandemic. Related stories"Roan" was the perfect choice for my first child — Roan Mountain held such a special place in my heart, and I knew that one day, it would hold a special place in her heart, too. AdvertisementHowever, despite our decision being the right one for our family, my husband and I started to find ourselves grieving our pre-kid, city life. Without a doubt, the Hudson River Valley quickly became one of our homes-away-from-home — another special place in our book of life. It was perfect, and when we were surprised with a second daughter, it fit her well.

Persons: —, I'd, Roan, We'd Organizations: Appalachian, Metro Locations: New York City, United States, Tennessee, — Roan, Asheville , North Carolina, Queens, Hudson

☆ Brazil’s floods smashed through barriers designed to keep them out, trapping water in for weeks — and exposing social woes
▼ + stars: | 2024-05-19 | by ( Vasco Cotovio | ) edition.cnn.com time to read: +14 min

“It’s heartbreaking.”The picture is a little different in Porto Alegre, the state capital of Rio Grande do Sul. Maxar Technologies Satellite images of the cities of Porto Alegre and Canoas before and after the floods. Maxar Technologies Satellite images of the cities of Porto Alegre and Canoas before and after the floods. “Floods, not with this volume but with considerable volumes of water, have taken place in Porto Alegre in the last few years,” Cortês explains. One volunteer was Fabiano Saldanha, a 48-year-old businessman from Porto Alegre, who used his jet ski to rescue people trapped in their homes.

Persons: Karine Pitana, there’s, ”, she’s, “, Pitana Flores da Silva, Karine Pitana Flores da Silva, She’s, we’re, Pitana, —, Renan Mattos, That’s, Luiz Inácio Lula da Silva, Jairo Jorge da Silva, “ We’ve, Pedro Cortês, University of São Paulo, Cortês, Nelson Almeida, ” Cortês, Rio Grande do Sul wasn’t, Fabiano Saldanha, ” Saldanha, Saldanha, Carlos Macedo, ‘, ’ ”, ” Pitana, CNN “, Lula, ” CNN’s Mary Gilbert Organizations: CNN, Bank, Rio Grande do Sul Public Safety, Police, Reuters, ”, Globo, Environmental, University of São, CNN Brasil, Authorities, AFP, Getty, Research, Porto Alegre, Civil Defense, IMF, World Bank Locations: Canoas, Brazil, Porto Alegre, Rio Grande do Sul, Porto Alegre’s, Suriname, Northern Porto Alegre, Chicago, Dallas, “

☆ Haunting photos show a Six Flags in New Orleans that has been abandoned for almost 2 decades
▼ + stars: | 2024-05-16 | by ( Gabbi Shaw | ) www.businessinsider.com time to read: +1 min

During Hurricane Katrina in August 2005, Six Flags New Orleans was completely flooded. Since then, the park has stood abandoned, save for visits from urban explorers and alligators. A lease was signed in October 2023 to begin redeveloping the land, but work has not started yet. AdvertisementBefore Hurricane Katrina hammered the Gulf Coast in 2005, killing almost 1,400 people and destroying millions of dollars worth of property, there was a Six Flags just outside New Orleans. Almost two decades later, Six Flags New Orleans still sits abandoned, now a time capsule of life before Katrina.

Persons: —, Axios, it's Organizations: Flags, Service, Business Locations: Orleans, New Orleans

☆ Alarmed by Climate Change, Astronomers Train Their Sights on Earth
▼ + stars: | 2024-05-14 | by ( Katrina Miller | Delger Erdenesanaa | ) www.nytimes.com time to read: +1 min

Bush fires that had been on the horizon the day before were now rapidly approaching. That afternoon, from her home some miles away, Dr. Sackett watched burning embers fall from a smoky sky and worried. The fires also destroyed 500 homes across greater Canberra, and killed four people. The incident was an early warning for astronomy: Wildfires, exacerbated by climate change, were becoming a problem for their field. Since then, several other observatories have been damaged or threatened by fires and other extreme weather, and changing atmospheric conditions have made ground-based astronomical research more challenging.

Persons: Penny Sackett, . Sackett Organizations: Australian Locations: Stromlo, Canberra

Night skies in many parts of the Northern Hemisphere are expected to bloom again on Saturday night with the vivid colors of the northern lights, or aurora borealis, as a powerful geomagnetic storm caused by a hyperactive sun persists through the weekend. The National Oceanic and Atmospheric Administration, which monitors space weather, said in an update on Saturday that it continued to observe solar activity that could lead to periods of “severe-extreme” geomagnetic storms. Major power utilities had largely prepared their electrical grids for the solar storm, and their customers were unaffected. For most people, the solar storm was a gift: It caused ribbons of pink, purple and green light across night skies of much of the United States, Canada and Europe. Where evening skies are clear on Saturday, the lights can be expected again.

Organizations: Northern, Atmospheric Administration Locations: United States, Canada, Europe

☆ India election and economy: Meet the winners of rising power’s boom
▼ + stars: | 2024-05-10 | by ( Jessie Yeung | Noemi Cassanelli | ) edition.cnn.com time to read: +14 min

Mumbai, India CNN —As Indians head to the polls in a massive ongoing nationwide election, much attention has focused on the country’s explosive growth under Prime Minister Narendra Modi’s leadership. There is expected to be 740 million active smartphone users in India by 2030, according to EY India. “I wanted to make similar shoes that were printed with ‘Made in India,’” Shah says. After four years of trial and error, Shah Shoes was born. Some 17 years on, Shah Shoes has helped support his family back in Bihar, including six siblings.

Persons: Narendra Modi’s, — Modi, Javed Khatri, Noemi Cassanelli, he’d, Khatri, “, ”, –, ’, Apoorva Mukhija, —, Instagram, Mukhija, ” Mukhija, That’s, she’s, she’d, Jameel Shah, CNN Jameel Shah, Shah, wasn’t, CNN Shah, Kylie Minogue, ” Shah, ‘, ’ ” Shah, Shah Shoes, Priyanka Chopra, Katrina Kaif, He’s, Modi’s Organizations: India CNN, Bharatiya Janata Party, BJP, CNN, EY, World Bank, Facebook Locations: Mumbai, India, “, Bangalore, Silicon, ”, EY India, Dubai, London, California, …, Delhi, Bihar, India’s, Dharavi, Australian

☆ Treasury yields pause for breath as traders digest strong jobs data
▼ + stars: | 2024-05-10 | by ( Katrina Bishop | ) www.cnbc.com time to read: +2 min

The 2-year Treasury yield, meanwhile, was marginally higher at 4.819%. U.S. Treasury yields were broadly flat early Friday as traders digested the jump in weekly jobless claims and what this could mean for interest rates. Relief at the auction outcome means traders are now firmly focused — once again — on the interest rate trajectory of the Federal Reserve. Weekly initial jobless claims, released Thursday, hit their highest level since August 2023, coming in at 231,000. It comes after the Bank of England on Thursday held interest rates as expected, but raised expectations of a cut in June.

Persons: —, Henry Allen, Treasurys, Dallas, Lorie Logan, Neel Kashkari, Goolsbee, Michelle Bowman Organizations: Treasury, U.S, Federal Reserve, Deutsche Bank, Bank of England Locations: U.S, Minneapolis

☆ A Severe Solar Storm Is Hitting the Earth, and Auroras May Be Visible
▼ + stars: | 2024-05-10 | by ( Katrina Miller | Judson Jones | ) www.nytimes.com time to read: +1 min

Dramatic blasts of particles from the surface of the sun have prompted the National Oceanic and Atmospheric Administration to issue a severe geomagnetic storm warning. As nuclear reactions occur on the sun, it routinely expels material from its surface. This type of space weather is what creates auroras, also known as the northern and southern lights, depending on the hemisphere in which you live. During the current geomagnetic storm, the aurora or northern lights may extend as far south as Northern California or Alabama. The latest eruptions were first observed early on Wednesday morning, with at least five heading in the direction of Earth.

Organizations: Oceanic, Atmospheric Administration Locations: Northern California, Alabama

☆ Afraid of Cicadas? This Entomologist Wants to Change That.
▼ + stars: | 2024-05-08 | by ( Katrina Miller | ) www.nytimes.com time to read: 1 min

Spring has sprung, and coming with it is a mass emergence of two broods of cicadas. After more than a decade underground, they will tunnel through the soil and up to the treetops to spend the remainder of their lives loudly buzzing for a mate. Sammy Ramsey, an entomologist at the University of Colorado Boulder, says he feels like these bugs get a bad rap. To combat that, he uploaded a silly, but surprisingly smooth, music video to YouTube during the emergence of an earlier cicada brood in 2021. He hoped that the song, called “Big Red Eyes,” would help people empathize with the isolation cicadas endure for most of their lives, especially given our seclusion during the early phases of the pandemic.

Persons: Sammy Ramsey, ” Organizations: University of Colorado, YouTube Locations: University of Colorado Boulder

New Labour Party MP for Blackpool South, Chris Webb (C) reacts as his win is announced at the count centre in Blackpool, north-west England on May 3, 2024, during the Blackpool South by-election. The opposition Labour Party won a Blackpool South by-election, taking the seat from the Conservatives. The Reform UK party, founded by Brexit proponent Nigel Farage, came in third. Labour leader Keir Starmer posted on the social media platform X that the "swing towards Labour in Blackpool South is historic." Angela Richardson, deputy chair of the Conservative Party, told the BBC the result "was not unexpected," especially given the circumstances that sparked the by-election.

Persons: Chris Webb, Rishi Sunak's, David Jones, Nigel Farage, Scott Benton's, Keir Starmer, Angela Richardson Organizations: New Labour Party, Blackpool South, Blackpool, LONDON, Rishi Sunak's Conservative Party, Labour Party, Conservatives, New Labour, Conservative, Reform UK, Labour, Conservative Party Locations: Blackpool, England, Britain

☆ How to Watch China’s Launch to the Far Side of the Moon
▼ + stars: | 2024-05-03 | by ( Katrina Miller | More About Katrina Miller | ) www.nytimes.com time to read: +2 min

Why the far side of the moon? But the far side of the moon — it is not actually the dark side of the moon — is distinct from the near side. With a lunar far side sample, scientists can begin to probe why the two sides of the moon are so different. Because the same side of the moon always faces Earth, it is impossible to directly establish communications with the lunar far side. Chang’e-7, expected to launch in 2026, will search for water at the lunar south pole.

Persons: maria Organizations: Soviet, China National Space Administration Locations: United States, Soviet Union, China, Chang’e

☆ 'An intense five years': Read HSBC CEO Noel Quinn's surprise resignation statement
▼ + stars: | 2024-04-30 | by ( Katrina Bishop | ) www.cnbc.com time to read: +1 min

HSBC on Tuesday announced the surprise departure of Group Chief Executive Officer Noel Quinn after nearly five years at the helm. In a statement released by the bank, Quinn said:"It has been a privilege to lead HSBC. I never imagined when I started 37 years ago that I would have the honour of becoming Group Chief Executive of this great bank. First appointed as interim CEO in August 2019, Quinn took permanent leadership of HSBC in March 2020. HSBC said the hunt for its next CEO had begun, and that Quinn would remain in his post during this process.

Persons: Noel Quinn, Quinn, Mark Tucker, Tucker Organizations: HSBC, Tuesday Locations: China, London

☆ Advice about 401(k) rollovers is poised for a big change. Here's why
▼ + stars: | 2024-04-28 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

Johner Images | Johner Images Royalty-free | Getty ImagesA new U.S. Labor Department rule will significantly change the advice many investors receive about rolling money over from 401(k) plans to individual retirement accounts, legal experts say. watch nowA 'major shift' in rollover adviceThe new Labor Department rule aims to make more investment recommendations "fiduciary" in nature. The new Labor Department rule changes that, however. Good advisors are likely making an honest effort to do what's best for their clients, but hopefully the Labor Department rule would "bring up the bottom to a better quality," Reish said. However, many financial companies dispute the necessity of the Labor Department rule.

Persons: Rollovers, Katrina Berishaj, Ronon Stevens, Young, it's, Reish, Berishaj, They'd, Susan Neely Organizations: . Labor Department, Department, Labor, Economic, Labor Department, Young, American Council of

☆ Department stores face another squeeze. This time, with store credit card revenue
▼ + stars: | 2024-04-10 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +6 min

For fiscal year 2023, credit card revenue totaled $619 million for Macy's and approximately $475 million for Nordstrom . The three companies do not break out how much of total credit card revenue comes from late fees. All of that adds up to dwindling credit card revenue for retailers, who can now expect to see it shrink even further. Target's credit card revenue fell to $667 million last year, down from $734 million in the prior fiscal year. Gap does not disclose credit card revenue, but its Chief Financial Officer, Katrina O'Connell, said on an earnings call that losses from late fees will be "largely offset in 2024 by other levers within our credit card program."

Persons: Robert Nickelsberg, it'll, Jane Hali, Kohl's, David Silverman, Silverman, —, Michael Fiddelke, Macy's, Adrian Mitchell, It's, Nordstrom, Katrina O'Connell Organizations: Getty Images Department, Consumer Financial, Bureau, Associates, Nordstrom, Fitch, TD Bank, Shoppers, Adobe Analytics, Citi, Sam's Locations: New York City

☆ U.S. Treasury yields tick higher ahead of key jobs report
▼ + stars: | 2024-04-05 | by ( Katrina Bishop | ) www.cnbc.com time to read: +1 min

The 2-year Treasury yield was also marginally higher at 4.648%. The 10-year Treasury yield was trading up less than one basis point at 4.318% at 4:02 a.m. The jobs figures will play into market expectations of when the Federal Reserve could start to cut interest rates. At its last meeting, the central bank indicated that it still expects three rate cuts by the end of this year. However, Minneapolis Fed President Neel Kashkari on Thursday became the latest high-profile figure to question whether there will be any rate cuts if inflation remains high.

Persons: Dow Jones, Neel Kashkari Organizations: Federal Reserve, Minneapolis, Investments, Traders

☆ Back in the ’90s, This Eclipse Webcast Put the Cosmos on Demand
▼ + stars: | 2024-04-05 | by ( Katrina Miller | ) www.nytimes.com time to read: +1 min

On Feb. 26, 1998, hundreds of people gathered to watch a total solar eclipse. They oohed and aahed as the feathery streams of the top of the solar atmosphere burst into view. Except that crowd wasn’t actually in Aruba. They were thousands of miles away in San Francisco, clustered in front of a screen at a museum called the Exploratorium. For what might have been the first time in the history of the internet, a solar eclipse was streamed live.

Persons: wasn’t, Charlie Organizations: Technology, NASA, Challenger Locations: Aruba, San Francisco

☆ Latino immigrant workers died on the Baltimore bridge. More will likely rebuild it
▼ + stars: | 2024-04-04 | by ( Ramishah Maruf | Gloria Pazmino | ) edition.cnn.com time to read: +12 min

More than two-thirds of Hispanic construction workers in America are foreign born. Working without a safety netFor the workers paid to rebuild the bridge, the job will be grueling — and dangerous. CNNWork-related deaths among foreign-born Hispanic or Latino workers rose to their highest level in 2021, according to the most recent Bureau of Labor Statistics data. Fourteen percent of all work-related fatalities in 2021 were foreign-born Hispanic or Latino workers, and most of them worked in construction. The agency’s reports also “consistently show” that Latino and/or immigrant workers are less likely to report employer health and safety violations.

Persons: Francis Scott Key, We’re, It’s, Reinaldo Quintero, “, Carlos Hernández, Miguel Luna, Yassir Suazo Sandoval, Jose Mynor Lopez, Dorlian Castillo Cabrera, ”, Saket Soni, Alejandro Hernandez Fuentes, Soni, ” Quintero, ’ ”, Sean McGarvey, Ligia Guallpa, Quintero, Hurricane Michael, Reinaldo Quintero “, ” Guallpa, Guallpa, Hurricane, Dave Einsel, ” Soni, Ron DeSantis ’, Fort Organizations: New, New York CNN, Bureau of Labor Statistics, CNN, Key, CNN Construction, Resilience Force, Force, of Labor Statistics, New York Committee, Occupational Safety, Health, York, New York State Department of Labor, Workers, North, Unions, Worker’s, Hurricane, Panama City, Safety, Health Administration, Historic New, New York Times, Gov Locations: New York, America, Louisiana, Hurricane, Florida, Mexico, Guatemala, El Salvador, Honduras, United States, New York City, North America’s, Canada, Venezuela, Panama, Baltimore, New Orleans, Texas, North Carolina, Historic New Orleans, Fort Meyers

☆ Dudley: The markets appear to be in a "Goldilocks" scenario
▼ + stars: | 2024-04-02 | 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 EmailDudley: The markets appear to be in a "Goldilocks" scenarioKatrina Dudley of Franklin Mutual Advisers discusses the "triangle of tension" between inflation, growth and interest rates, and what risks still exist for the markets the rest of the year.

Persons: Dudley Organizations: Franklin Mutual Advisers

☆ 'The frenzy continues’: Researcher names 3 new signs of an AI bubble amid Nvidia hype
▼ + stars: | 2024-03-29 | by ( Katrina Bishop | ) www.cnbc.com time to read: +3 min

He outlined three recent events that give him cause for concern: Cohere valuation The first is that generative AI company Cohere is reportedly on track to raise funds at a $5 billion valuation. "Another red flag was Microsoft's ability to hire the CEO and 70 staff from the AI start-up Inflection AI," he said. Amazon investment Emphasizing the "FOMO effect" around AI, Windsor noted that even tech giant Amazon isn't immune. Amazon's largest-ever investment will see it continue to pump money into the generative AI start-up, which has a chatbot Claude that competes with OpenAI 's ChatGPT. He added that he already owns chip stock Qualcomm , which is in a "very good position to benefit as generative AI starts to be implemented at the edge."

Persons: Richard Windsor, Cohere, Windsor, Martin Kon, Claude, OpenAI, Stocks, —, Kate Rooney Organizations: Radio Free Mobile, Mar, CNBC, Nvidia, Google, Windsor, Nomura Securities, Microsoft, Qualcomm Locations: Amazon's

☆ I am a 'Chopped' champion. Here are 10 things even superfans don't know about the show.
▼ + stars: | 2024-03-28 | by ( Brooke Siem | ) www.businessinsider.com time to read: +8 min

I'm a Food Network "Chopped" champion, and I was surprised by a few things when I was on the show. AdvertisementArguably one of the most successful cooking-competition shows of all time, Food Network's "Chopped" is a television phenomenon — which is why I'm still surprised I won. Here are 10 things that surprised me about the "Chopped" competition that even die-hard fans don't know. AdvertisementAs legend has it, there's one bowl in the "Chopped" kitchen that spells doom for the chef who uses it. Food NetworkWhether you get chopped after the appetizer round or win the whole thing, all the "talking-head" interviews on "Chopped" are filmed after your competition is over.

Persons: —, I'm, There's, Ted Allen, David Lang, there's, it's, Zac Young, Maneet Chauhan, Katrina Markoff, doesn't Organizations: Food, Service

☆ Pro tennis players definitely deserve to make more money, says former USTA CEO Katrina Adams
▼ + stars: | 2024-03-26 | 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 EmailPro tennis players definitely deserve to make more money, says former USTA CEO Katrina AdamsKatrina Adams, former USTA CEO, president & chair and Harlem Jr. Tennis and Education Program executive director, joins 'Squawk Box' to discuss the battle for the future of tennis, from the 'Premier Tour' proposal from tennis' four major tournaments to the proposed investment from Saudi Arabia's sovereign wealth fund, RacquetX conference, and more.

Persons: Katrina Adams Katrina Adams Organizations: Pro, USTA, Harlem Jr, Tennis Locations: Saudi

☆ FDA approves new drug that may help stop and even reverse a rare, fatal condition that doctors call a ‘ticking time bomb’
▼ + stars: | 2024-03-26 | by ( Brenda Goodman | ) edition.cnn.com time to read: +15 min

These proteins cause the walls of a person’s blood vessels to keep growing and thicken over time. As the blood vessels narrow, the heart is forced to work harder to pump blood to the lungs. Treatment with a combination of drugs that dilate, or relax, blood vessels can improve this outlook, but they are not a cure. Both groups were also taking the standard medications for the condition, which help relax blood vessels to improve blood flow. But Galiatsatos said that as promising as the drug looks, there are still many unknowns, including whether the drug will benefit all PAH patients equally.

Persons: Katrina Barry, Barry, “, ”, Winrevair, Merck Winrevair, Vallerie McLaughlin, Panagis, Galiatsatos, isn’t, ” Barry, I’m, fanny, She’s, sotatercept, PAH, Sotatercept, “ There’s, Kristin Highland, Highland, ” Merck, Merck, Dr, Sanjay Gupta, Aaron Waxman, Barry’s, he’s, they’ve, Johnson –, Waxman, “ I’ve, “ It’s, who’ve Organizations: CNN, American Lung Association, US Food and Drug Administration, Merck, FDA, University of Michigan, PAH, Johns Hopkins Bayview Medical Center, New England, of Medicine, Cleveland Clinic, Institute, Clinical, CNN Health, Brigham, Women’s Hospital, Johnson Locations: PAH, American, Greece, Boston

The yield on the 2-year Treasury yield was flat at 4.593%. The 10-year U.S. Treasury yield fell slightly on Tuesday as investors weighed the previous day's data points and looked ahead to key inflation figures later in the week. Last week, the central bank indicated that rates will fall this year, although Chairman Jerome Powell stressed that the economic outlook remains uncertain. The Dallas Fed manufacturing index for March also fell to -14.4, below expectations, although the Chicago Fed national activity index improved. There are also several auctions on the slate, including of 17-week, 4-week and 8-week Treasury bills.

Persons: Jerome Powell, Raphael Bostic, Jim Reid, Reid Organizations: Treasury, Federal Reserve, Atlanta Fed, Deutsche, Dallas Fed, Chicago Fed, Richmond Locations: U.S

☆ Here are Tuesday's biggest analyst calls: Amazon, Nvidia, Reddit, Tesla, Apple, Seagate, Micron, Spotify, Gap & more
▼ + stars: | 2024-03-26 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Mizuho initiates DraftKings as buy Mizuho said in its initiation of DraftKings that it sees "upside to revenue growth." Mizuho initiates MGM as buy Mizuho said MGM shares are "fundamentally misvalued." Mizuho initiates Carnival as buy Mizuho said Carnival is a top pick at the firm. Mizuho reiterates Micron as buy Mizuho raised its price target on the stock to $130 per share from $124. "We are upgrading PAGS to Outperform from In Line with a $18 target price."

Persons: Mizuho, Bernstein, Chipotle, CFRA, Morgan Stanley, Goldman Sachs, Goldman, Levi's, it's, Wells, Richard Dickson, Katrina O'Connell, Tesla, underperform Bernstein, it's bullish, Baird, Semtech, Jefferies, underperform Jefferies, Invivyd, Evercore, TD Cowen Organizations: Mizuho, Sands, MGM, Nvidia, Blackwell, Seagate, Nasdaq, UBS, JPMorgan, Taiwan Semiconductor, Navy, Micron, MU, Citi, Plains Energy, Bank of America, Spotify, Netflix, Apple Locations: Macau, Singapore, Westar, Kansas, Missouri, Argentina, Uruguay, Paraguay, China

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