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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailYen movements matter for sector leadership and allocation, portfolio manager saysRichard Kaye, portfolio manager for Japan equities at Comgest, discusses how the Japanese yen's strength or weakness might affect various sectors.
Persons: Richard Kaye Organizations: Japan
Mustafa Suleyman, a founder of Google's DeepMind AI lab, has worked for Microsoft for about a month. Microsoft, Suleyman said, is "a truly AI-first business." Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementMustafa Suleyman, who co-founded Google's DeepMind AI lab and was the chief executive of the startup Inflection AI before Microsoft lured him away in March, is excited about his new gig. 5/5 At Microsoft AI we are up for this.
Persons: Mustafa Suleyman, Google's, Suleyman, , I've, It's, it's, — Mustafa Suleyman, Satya Nadella, Kevin Scott, Nadella, Suleyman's, he's Organizations: Microsoft, Service, Business
Known then as Masako Owada, she worked long hours and had a rising career as a trade negotiator. Much has changed for Japan’s Foreign Ministry — and, in some ways, for Japanese women more broadly — in the ensuing three decades. Since 2020, women have comprised nearly half of each entering class of diplomats, and many women continue their careers after they marry. For years, Japan has promoted women in the workplace to aid its sputtering economy. But many women still struggle to balance their careers with domestic obligations.
Persons: Masako Owada, Crown Prince —, — Naruhito, Japan’s Foreign Ministry — Organizations: Crown, Japan’s Foreign Ministry, Private Locations: Japan
CNN —Jude Bellingham celebrated winning his first ever La Liga title with his mother, posting a picture on Instagram of the two hugging with the legendary Santiago Bernabéu Stadium stretching out behind them. We had a lot of continuity from the first to the last game.”When Bellingham joined Real Madrid, expectations were high for the young Englishman. Jude Bellingham celebrates with Real Madrid fans after winning the Champions League quarterfinal against Manchester City. He scored 10 goals in his first 10 games, won La Liga’s player of the month for August and quickly displayed his knack of finding late winners, rescuing Real late on against Getafe in September. It isn’t just his goalscoring that has proven so effective for Real Madrid.
Persons: CNN — Jude Bellingham, Santiago, Rodrygo, Ballon, Carlo Ancelotti, , Realmadrid, , Jude Bellingham, Molly Darlington, Karim Benzema, Kylian Mbappé, “ Jude Bellingham, David Beckham, Cristiano Ronaldo, Zinedine Zidane, Zidane, Steve McManaman, “ There’s, I’ve, Cádiz, CNN’s Amanda Davies Organizations: CNN, Liga, Real Madrid, Borussia Dortmund, La Liga, Bellingham, El, Barcelona, League, Manchester City, Reuters, Champions League, La, Real, Getafe, Spanish, Marca, TNT Sports, TNT, Warner Bros . Locations: Bellingham, La, Spanish, Madrid
Arone spoke with Before the Bell to outline three things about markets right now “that investors should know, but probably don’t.”1. You write that investors might be surprised to hear that small- and mid-cap stocks have outperformed large-cap stocks over the past five months. Why do you think that’s surprising, and what does it say about markets? Most investors think that the S&P 500 has been outperforming everything else, largely dragged up by the performance of the Magnificent 7 (Amazon, Tesla, Alphabet, Meta, Apple, Microsoft and Nvidia). The big beneficiaries of that, I think, would be a surprise for most investors — those mid-cap stocks and small-cap stocks.
Persons: , Michael Arone, Arone, That’s, that’s, Jerome Powell, I’m, Warren Buffett, Berkshire Hathaway, Charlie Munger, Buffett, Greg Abel, Ajit Jain, Munger’s, Read, Parija Kavilanz Organizations: New, New York CNN, Wall, Federal Reserve, Bell, Apple, Microsoft, Nvidia, Treasury, Fed, Berkshire Hathaway, Oracle, Ikea Locations: New York, Berkshire, Woodstock, Nebraska, Omaha
Television news may have never been this unsettled six months before a presidential election. ABC News is in the throes of change, after its president announced on Sunday night that she was leaving. Much of the challenge for television news divisions is, at its core, how to navigate a fast-evolving business. Instead, viewers are flocking to less lucrative streaming services, leaving the parent companies of the networks less sure-footed. And all of this is happening as news organizations face one of the trickiest journalistic assignments: an especially divisive presidential race.
Organizations: ABC, CBS, NBC, CNN
Saul Loeb | Afp | Getty ImagesMost countries prefer alignment with the U.S. over China when the White House is occupied by a Democrat, according to Gallup poll data going back to 2007. "Significantly more countries seem to prefer U.S. leadership over Chinese leadership, at least under Democratic administrations," Gallup said in its report released Monday, adding that a Republican executive comes with a "net approval disadvantage." According to Gallup, the "bounce-back" under the Biden administration suggests that the U.S.'s net approval advantage over China is resilient, especially when accounting for more strongly aligned groups. China's favorability peaked in 2007 as it emerged on the global stage, but increased familiarity with Beijing has not boosted its appeal, Gallup said. Meanwhile, U.S. leadership has enjoyed a general net approval rate under the Biden and Obama administrations, compared with net disapproval rates under the Trump and last two years of the Bush leadership, the report showed.
Persons: Xi Jinping, Joe Biden, Saul Loeb, Gallup, Trump, George Bush, Barack Obama, Biden, Obama, Bush Organizations: Afp, Getty, U.S, Democratic, Republican, Gallup, Biden, Trump, Pew Research Locations: Nusa Dua, Indonesian, Bali, China, Beijing, Trump
Two stocks have dominated the memory chip market: Samsung and SK Hynix . SK Hynix is already the primary supplier of HBM3 chips to Nvidia's AI chipsets. SK Hynix Trent Masters, global portfolio manager at Alphinity Investment Management, says he prefers SK Hynix. Nam Hyung Kim, partner at Arete Research, also prefers SK Hynix, giving it a buy rating and Samsung a neutral rating. "[But I] also anticipate a buying opportunity on SK Hynix once it is adjusted due to intensifying competition in HBM3E," said Kim.
Persons: TSMC, Masters, Nam Hyung Kim, Nam, Sung Kyu Kim, Kim, , Sheila Chiang Organizations: Big Tech, Nvidia, Samsung, SK Hynix, South, South Korean, CNBC, SK Hynix Trent Masters, Alphinity Investment Management, Micron, SK Hynix's, Arete Research, Daiwa Locations: Asia, Pacific, HBM3, HBM3E
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
Over the course of 20 years, Anne Dwane has made a name for herself as a successful entrepreneur and executive. For Dwane, her career as a startup founder and operator helped her find success as an early-stage investor. Dwane left Monster in 2008 to become the CEO of Zinch, an edtech startup that helped colleges recruit and students find programs and scholarships. With the guidance of a mentor, Chegg's CEO Dan Rosensweig, the experience also helped her understand that her superpower lay in helping early-stage companies grow. Village Global is an early-stage fund that leads seed and pre-seed funding rounds.
Persons: Anne Dwane, she's, Reid Hoffman, Jeff Bezos, Bill Gates, Mark Zuckerberg, Dwane, I've, Chegg, Dan Rosensweig Organizations: Monster Worldwide, Business, Village, Georgetown University, Harvard Business School, Research, Monster, Accelerator Fund, Brightside, Airbase Locations: Palo Alto , California, Chegg
The attack marks Ukraine's latest strike against the Russian Black Sea Fleet. The video cuts just as the Ukrainian drone slams into the vessel. A Magura V5 sea drone destroyed a russian speedboat in temporarily occupied Crimea. Ukrainian forces have heavily relied on their arsenals of Magura V5s and Sea Babies — another type of exploding naval drone — to damage and destroy scores Russian warships in the Black Sea. Still, Kyiv has managed to find success in targeting Russian vessels with its drones.
Persons: , HUR Organizations: Service, Ukrainian, Directorate of Intelligence, Business, Black, , Sea, Security Service Locations: Russia, Russian, Bay, Crimean, Moscow, Crimea, Ukraine, Ukrainian, Kyiv, pic.twitter.com
Famed investor Warren Buffett's Berkshire Hathaway placed a $2.7 billion bet on Paramount in 2022. But when someone who's worth an estimated $132 billion says "quite a bit of money," it's probably a very big amount. The math: In 2022, Berkshire accumulated 91 million shares of Paramount B shares; Barron's estimates he paid "more than $30" per share. AdvertisementThat left Berkshire with another 63.3 million Paramount shares at the beginning of 2024, and sometime between then and Saturday they have sold off the rest. Add all that up, and it looks like Berkshire sold its Paramount stake for $1.2 billion after paying $2.7 billion for it — a $1.5 billion loss.
Persons: Warren Buffett's Berkshire Hathaway, hasn't, — Buffett, , Warren Buffett, Berkshire Hathaway, Buffett, we've, Berkshire Hathaway hasn't, Berkshire Organizations: Paramount, Service, Sony, Apollo, Berkshire, Bloomberg Locations: Berkshire
The growing scandal is drawing some comparisons on the right to George Santos. AdvertisementRep. Henry Cuellar is in the midst of a growing bribery scandal involving Azerbaijan and a Mexican bank. Cuellar is the third sitting lawmaker to be indicted this Congress, following former Republican Rep. George Santos of New York and Democratic Sen. Bob Menendez of New York. AdvertisementThe George Santos comparisonIt's only been a few days, but so far, Democrats have largely held off on calling for Cuellar to resign. Former Rep. George Santos at the State of the Union in March.
Persons: Henry Cuellar, George Santos, , Cuellar, Democratic Sen, Bob Menendez, Santos, Cuellar's, Jessica Cisneros, Alexandria Ocasio, Cortez, Bernie Sanders, That's, Hakeem Jeffries, Matt McClain, Getty Images Santos, don't, Donald Trump, Joe Biden Organizations: Democratic, Service, Justice, Texas Democrat, Republican Rep, George Santos of New, New, State Oil Company, Banco Azteca, Democrat, National Rifle Association, Rep, FBI, Republicans, State, Union, Washington, Getty Images, Botox Locations: Henry Cuellar of Texas, Azerbaijan, Mexican, George Santos of, George Santos of New York, New York, Texas, Azerbaijan Republic, Alexandria
“We were very close, but Netanyahu’s narrow-mindedness aborted an agreement,” Mousa Abu Marzouk, a senior Hamas official, said in a phone interview. The Israeli official said that Israel had sought a written response to its latest proposal from Hamas before dispatching a delegation, but that the group never conveyed one. Mr. Abu Marzouk was the only one of the officials who spoke about the talks to allow the use of his name. Hamas, Mr. Abu Marzouk said, thought that Mr. Netanyahu wanted an agreement that would permit Israel to invade Rafah after its hostages are released. A report in Al-Qahera News, an Egyptian state-owned television channel, said that a Hamas delegation would return to Cairo on Tuesday, but the senior Hamas official said that the group hadn’t made a decision yet.
Persons: Israel, Benjamin Netanyahu, Netanyahu, Mousa Abu Marzouk, Biden, won’t, , Abu Marzouk, Mr, Bill Burns, Mohammed bin Abdulrahman, Peter Baker, Michael Crowley Organizations: Hamas, Sunday, Central Intelligence Agency, Qatari, Qahera Locations: Gaza, Israel, Cairo, Rafah, Kerem, United States, Mohammed bin Abdulrahman Al Thani, Doha, Al
House Speaker Mike Johnson might start cracking down on Republicans who defy him. MTG, who's forcing a vote to try to oust Johnson this week, doesn't seem to mind. AdvertisementRep. Marjorie Taylor Greene is daring House Speaker Mike Johnson to kick her off of her committees again. Speaker Mike Johnson is talking about kicking Republican members off of committees if we vote against his rules/bills. Related storiesA person familiar with Johnson's remarks told Business Insider that they were hypothetical and referred to changes that House Republicans may make under the next Congress, rather than in the immediate future.
Persons: Mike Johnson, Johnson, , Marjorie Taylor Greene, Chuck Schumer, Biden’s, It’s, Marjorie Taylor Greene 🇺🇸 ( Organizations: Service, Georgia Republican, Republican, Republicans
Hamas said in a statement Monday that it's accepted a cease-fire proposal from Qatar and Egypt in the war with Israel, according to multiple reports. AdvertisementIt's unclear if Israel has accepted the terms of the Qatari and Egyptian cease-fire plan. The militant group's leadership announced it had agreed to the deal, Reuters reports. Hours earlier, Israel had dropped leaflets on the Gaza city of Rafah, warning citizens to evacuate ahead of military operations. Please check back for updates.
Persons: it's, Israel Organizations: Qatari Locations: Qatar, Egypt, Israel, Egyptian, Gaza, Rafah
In this article BRK.A Follow your favorite stocks CREATE FREE ACCOUNTWarren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2024. The death of Munger last year brought the question of succession to the forefront of many investors' minds at this year's shareholders meeting. Warren Buffett and Greg Abel during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 4, 2024. At the 2015 meeting, for example, he observed, "Warren, if people weren't so often wrong we wouldn't be so rich." Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 4, 2024.
Persons: Warren Buffett, David A, CNBC Warren Buffett, Charlie Munger, Munger, Buffett, Greg Abel, Ajit Jain, Berkshire Hathaway, he'd, Abel, Greg, CNBC Abel, that's, Munger's, Warren Organizations: Berkshire, Grogen, CNBC, Berkshire Hathaway, Berkshire Hathaway Energy, Oracle Locations: Omaha , Nebraska, mull, Berkshire, Omaha
For more on House Republican primary infighting, watch “Inside Politics with Manu Raju” on Sunday at 8 a.m. Washington CNN —GOP Rep. Don Bacon has had it with the far-right of his conference. Now McCarthy allies in the House GOP Conference are considering giving a boost to Aaron Dimmock, the retired Navy officer facing off against Gaetz in the August 20 primary. And while the outcomes in most of these primary races won’t impact the GOP’s efforts to keep the majority, they will shape the makeup of the next House Republican Conference and how they pursue their agenda. Several of Gonzales' colleagues in the House are backing a GOP primary challenger in his race for reelection.
Persons: Manu Raju ”, Don Bacon, They’ve, Republicans —, Bob Good, , Bob Good’s, ” Bacon, we’ve, Tony Gonzales, Matt Gaetz, Good —, Adam Morgan, William Timmons, Kevin McCarthy, John McGuire, McCarthy, Mike Johnson, Dan Newhouse, Donald Trump, MAGA, Scott Perry, Jerrod, Gaetz —, McCarthy —, Gaetz, Aaron Dimmock, Derrick Van Orden, tubby ”, Chip Roy, Samuel Corum, Trump, , Ralph Norman, Morgan, Timmons, Joe Biden, Sen, Tony Vargas, Bacon, Dan Frei —, Lee Terry, “ He’s, ” Frei, Frei, Eric Underwood, Underwood, Bacon doesn’t, ” Underwood, he’s, Frei mailer, it’s, Gonzales, Tom Williams, Sarah Chamberlain, McGuire, Good’s, Steve Bannon, I’ve, ” Johnson, that’s, undercutting, CNN’s Jeff Zeleny, Sheden Tesfaldet Organizations: Republican, Washington CNN, GOP, Republicans, Nebraska Republican, CNN, Congress, Caucus, Rep, Good, Washington, Trump, Freedom Caucus, House GOP Conference, Navy, Gaetz, , Wisconsin Republican, Capitol, Getty, House Republican Conference, Democratic, Nebraska Republican Party, Nebraska Republicans, , mailer, Republican Main Street Partnership, Nebraska GOP Locations: Nebraska, Texas, Florida, South Carolina, Virginia, Scott Perry of Pennsylvania, Wisconsin, Washington, Ukraine
The Pentagon plans to replenish the powerhouse brigade with Bradley fighting vehicles, Forbes said. AdvertisementUkraine's hard-fighting 47th Mechanized Brigade is battle-weary and urgently needs US support, Forbes reports. Trained by NATO instructors, the 47th Brigade all-volunteer unit is one of Ukraine's powerhouse brigades. Russia's 30th Motor Rifle Brigade took advantage of the rotational lapse as the 47th Brigade withdrew and attacked, capturing a large swathe of territory. AdvertisementBeyond material support and tactical adjustments, the 47th Brigade needs a reprieve from the relentless cycle of conflict.
Persons: Bradley, Forbes, , Putin, Bradley IFVs, Bradley IFV, ince Organizations: Pentagon, Service, Mechanized Brigade, Forbes, NATO, 47th Brigade, M1, Bradley, Ministry of Defense, 47th Mechanized Brigade, ust Locations: Ukraine, Stepove, Avdiivka
Bernard Hill, a British actor who incarnated a humble style of masculine leadership in three hugely successful Hollywood movies, “Titanic” and two films in the “Lord of the Rings” franchise, died on Sunday. His death was announced in a family statement sent by a representative of Lou Coulson Associates, a British talent agency. It did not say where he died or provide a cause. Mr. Hill drew praise from critics for his work in serious TV dramas, small-budget films and theater. But he was best known for playing the ship’s captain in “Titanic” (1997) and the ruler of a horsemen’s kingdom in the second and third installments of the “Lord of the Rings” trilogy, “The Two Towers” (2002) and “The Return of the King” (2003).
Persons: Bernard Hill, Lou Coulson, Hill, King ”, , Ben, Hur Organizations: Rings, Lou Coulson Associates, Manchester Evening Locations: British
Kim Godwin, the president of ABC News, told employees on Sunday night that she was retiring, capping a tumultuous tenure marked by infighting, damaging leaks and a major shake-up of the news division’s leadership ranks. In an email to employees, Ms. Godwin said that she reached her decision to leave after a period of “considerable reflection.” In a separate note to employees, Debra O’Connell, a longtime Disney executive, said she would be overseeing ABC News. “Anyone who’s passionate about what we do knows there’s no other business like it, so this was not an easy or quick decision,” Ms. Godwin said in her note. “I’m certain it’s the right one for me as I look to the future and prioritize what’s most important for me and my family,” she added. Ms. Godwin, the first Black woman to run a broadcast news division, has had a rocky tenure atop ABC News.
Persons: Kim Godwin, Godwin, Debra O’Connell, ” Ms, Organizations: ABC News, Disney, ABC
NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . On the agenda:But first: Why Wall Street is so happy to see the job market slowing down. New data from Vanguard shows a two-tier job market: one divided between a blue-collar boom and a white-collar recession. Also read:AdvertisementiStock; Rebecca Zisser/BIThe portfolio-manager whisperersThe new power figures in hedge funds do not manage money.
Persons: , it's, Brian Rose, It's, Christie Hemm, Jan Sramek, Goldman Sachs, Reid Hoffman, Marc Andreessen, Alyssa Powell, Stefano Spicca, Jenny Chang, Rodriguez, Rebecca Zisser, whisperers, Gates Organizations: Business, Service, Federal Reserve, Fed, UBS Global Wealth Management, Big, Silicon, California, Vanguard, Microsoft, Big Tech Locations: Austrian, Solano County, Napa, Sacramento, California, Silicon Valley, New York City
Turkey has suspended trade with Israel, demanding a cease-fire in Gaza. AdvertisementTurkey halted trade with Israel last week, demanding a permanent cease-fire in Gaza and criticizing Western influence in the war. That's a significant portion of Israel's trade, according to recent trade data. Though they didn't name the United States, Turkish leaders also called out the West's tolerance and support of the war. The United States abstained from the vote, sparking sharp dissent from Israeli President Benjamin Netanyahu.
Persons: Israel, , Tayyip Erdogan, Benjamin Netanyahu, Netanyahu, Joe Biden, Erdogan Organizations: Service, Israel, Israel Defense Forces, Reuters, MIT Media Lab, United Nations, United Locations: Turkey, Israel, Gaza, Rafah, That's, China, United States
South Dakota Governor Kristi Noem speaks at the NRA-ILA Leadership Forum during the National Rifle Association (NRA) annual convention in Houston, Texas, U.S. May 27, 2022. Republican South Dakota Gov. Kristi Noem implied that President Joe Biden's dog, Commander, should meet the same ill fate as her own 14-month-old dog Cricket, who she shot due to its aggressive behavior, as she revealed in her upcoming memoir. "Joe Biden's dog has attacked 24 Secret Service people. In the days since Noem's memoir anecdotes went public, the South Dakota governor has been doing damage control to save her VP bid.
Persons: Kristi Noem, Joe Biden's, Noem, Biden, vies, Donald Trump's, Newt Gingrich, Donald Trump Organizations: NRA, ILA, National Rifle Association, Republican South Dakota Gov, Cricket, CBS, Secret Service, South Locations: Houston , Texas, U.S, White, South Dakota
Mr. Netanyahu, who made the announcement on social media, had previously called Al Jazeera a “Hamas mouthpiece” and said he would close it. Israeli lawmakers passed a bill last month allowing the government to temporarily close foreign media outlets that Mr. Netanyahu determined were undermining the country’s national security. “The government under my leadership has decided unanimously: The incitement channel Al Jazeera will be shut down in Israel,” Mr. Netanyahu said on X, formerly Twitter. Al Jazeera “will no longer broadcast here in Israel and its equipment will be confiscated,” Israel’s communications minister, Shlomo Karhi, said in a video statement. Much of Al Jazeera’s reporting in Gaza has focused on the suffering of Palestinian civilians during the war, some of it involving its own staff and their families.
Persons: Ammar Awad, Benjamin Netanyahu, Israel, Netanyahu, , ” Mr, Al Jazeera, Shlomo Karhi, Al Jazeera’s, Wael al, Al Organizations: Al, Reuters, Journalism, Qatari, Hamas, West Bank Locations: Jazeera, Jerusalem ., Al Jazeera, Qatar, Israel, Gaza
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