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☆ How $65 billion Marshall Wace is turning into the hedge funds it's criticized
▼ + stars: | 2024-05-09 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +5 min

There's a split internally at $65 billion Marshall Wace. The 27-year-old London-based hedge fund, founded by Paul Marshall and Ian Wace, has prided itself on its collaborative culture. Multi-strategy mightThe culture shift at Marshall Wace is just the latest ripple effect to come from the vast expansion of power, assets, and clout of the largest multi-strategy hedge funds. For Marshall Wace, that looks like a charge that can be up to 0.75% of the $22.4 billion Eureka fund's value — more than $150 million — on top of the set management fees and variable performance fees the firm already charges. A person close to the firm said that certain people still have access to aggregated positions, but the restriction helps Marshall Wace manage "complexity and confidentiality" as the manager continues to grow.

Persons: Marshall Wace, Paul Marshall, Ian Wace, Marshall, George Soros, It's, Marshall Wace's, You've, Dan Schatz, Ruchit, Jaime Brandwood, Derek Rosenthal, Marshall's Organizations: Business, BNP, Eureka, Citadel, Ruchit Puri Locations: London, Citadel, New York, Singapore, Shanghai, Hong Kong, Eureka

☆ Israel and Hamas are pushing forward with tense cease-fire talks despite Israel's military incursion into Rafah
▼ + stars: | 2024-05-08 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +4 min

Israel and Hamas are engaged in tense cease-fire talks despite fighting in Rafah. Israel wants to keep its right to conduct more operations in Gaza, an analyst told Al-Jazeera. AdvertisementCease-fire talks to end the fighting in Gaza are still taking place in the background, despite Israel's military incursion into Rafah. The IDF's ongoing military operation comes as Israel and Hamas are engaged in tense talks to broker a cease-fire deal. This could lead to Netanyahu, Israel's longest-serving prime minister, losing power and an investigation into how Hamas' October 7 terrorist attacks were allowed to happen on his watch, he said.

Persons: Netanyahu, —, Nadav Shoshani, Shoshani, Al Jazeera, Benjamin Netanyahu, didn't, Ismail Haniyeh, Israel, Mairav, Yossi Mekelberg, Israel's, Mekelberg Organizations: Al, Service, The New York Times, Israel Defense Forces, Business, Sky, Crisis Group, Chatham House's, North Africa, International Court of Locations: Israel, Rafah, Gaza, Cairo, Egypt, Qatar, East

☆ These are the top business-development execs competing to hire elite portfolio managers at hedge fund giants Citadel, Millennium, Point72, and more
▼ + stars: | 2024-05-08 | by ( Alex Morrell | ) www.businessinsider.com time to read: +34 min

Unlike business development in corporate America, which focuses on growing a company's prospects with partners and clients, hedge fund BD teams specialize in scouting, evaluating, and wooing investment talent. AdvertisementFew have been involved in hedge fund BD longer than Jennifer Blake, Balyasny's global head. The fund's BD department remains in close contact with PMs after they join as a resource and advisor. Vernon Yuen/Getty Images$61 billion AUM2,200+ employeesAdvertisementKen Griffin's Citadel has outperformed not just its immediate rivals but every other hedge fund. He runs a team of about 20 as head of business development in the Americas, the largest region of the largest player in this space.

Persons: —, Griffin's, Izzy Englander's, Goldman Sachs, Headcount, execs, Dmitry Balyasny, Brendan McDermid, Jennifer Blake, Balyasny's, Morgan Stanley, Dmitri Balyasny's, Blake, it's, Federico Chavarria, Balyasny, Dave Matz, Smith Hanley, Alistair Jacobs, Dave Black, Peter Appel, Federico Chavarria MD, Andrew McHugh, Jules Biolsi, Michael Platt, he's, BlueCrest, Michael Grad, Grad, Jake Lindsay, Mungo Strachan, BlueCrest's, Brevan Howard Brevan Howard, Alan Howard, Ringo Chiu, Brevan Howard, Alan Howard's, Aran Landy, Brevan, Abu, It's, Landy, Howard, Peter Hornick, David Abbou, Jonathan Candy, Gregoire Vidal, Vidal, Tim Williams, Andy Silver, Gautam, Ken Griffin, Vernon Yuen, Ken Griffin's, Griffin, Matt Giannini, Giannini, headhunter, Matt, I've, — Thomas DeAngelis, Lindsay Previdi, Rice, Dore, Eleanor Sharkey, Melinda Urban, Mark Hansen, Julian Ulmer, Mathur, Adam Sharkie, Michael Page, Eisler, Edward Eisler, Sam Wisnia, Chris Milner, Milner, Hilary Curran, Hilary Curran Global, Rebecca Zisser, Michael Gelband, Hornick, Jeff Gelband, Mike Tiano, Eric Han, Garrett Berg, Liu, APAC Blackstone, Euan Shand, Kevin Carroll, Emily, Needham, Ostendorf, Ben Levine, Stefan Renold, LMR, Marcus Fairhurst, He'd, LMR's, Izzy, Ronda, Singh, Mark Meskin, Justin Gmelich, Steve Keller, Benjamin Williams, Madhvani, Paritosh Singh, Ben Williams, Kristina Tully, Steven Cohen, Point72, Shayanne, Steve Cohen's, Harry Schwefel, Chandler, Steve Cohen, JT Shields, They're, Schwefel, Alyssa Friedman —, Chandler Bocklage, Reid Murphy, Jae Yang, Japan Goldman Sachs, Alyssa Friedman, Jackie Dai, Gabriel Sanders, Ajay, Steven Schonfeld, Michael Nagle, Steve Schonfeld's, Ryan Tolkin, Schonfeld, doesn't, Akshay Aggarwal, Alex Burns, Ryan McCort, Colin Lancaster, Mitesh, Sameer Buch, Brittany Lynch, DMFI, Goldman, Verition, Nicholas Maounis, Josh Goldstein, Brian Townes, Townes, Elizabeth Xiang MD, Vir, Steve Satenstein, Chris Svoboda, Will England, Thomas DeAngelis, DeAngelis, Jonathan Brenner, hasn't, Maureen Reed, John Sullivan, Brenner, Walleye's Organizations: Service, Management, Wall, Business, Balyasny, Balyasny Asset Management, Quadra Advisors, SAC, Macquarie, BD, UBS, Grad, Financial Times, Michael, Lascaux, Howard BD, Brevan, Argentum Advisors, BH Digital, McKinsey & Company, JPMorgan, Ken Griffin's Citadel, Citadel, Citadel's, decamping, Chicago, Citadel BD, Walleye Capital, of Surveyor, Millennium, Capital, Credit, Ashler, Rice, Deutsche Bank, LMR Partners, London, Dore Partnership, Soros, Soros Fund, Ronda Churchill, Bloomberg, Getty, Guggenheim, Industry, MLP, Americas Guggenheim, Americas Citadel, SAC Capital, SEC, Point72 Academy, Citigroup, BD Energi, Japan, EMEA, APAC BNP, Schonfeld, PAAMCO, KKR, DMC Partners, Topwater, LinkedIn, New, New Holland Capital, BD —, Walleye, Lehman Brothers, Hutchin, Putnam Investments, ~$ Locations: America, Asia, Balyasny, Blackstone, New Holland, Abu Dhabi, BlueCrest, Europe, Graticule, ExodusPoint, Hornick, Freestone, New York, Schonfeld, Brevan, he's, Aberdeen, Hong Kong, Zurich, Glasgow, Dubai, Americas, Point72, quant, Verition, London, Greenland, Minnesota, Citadel

☆ Watch now: ETF Edge on funds seeing gains that either ignore or capitalize on inflation
▼ + stars: | 2024-05-06 | by ( Bob Pisani | ) www.cnbc.com time to read: 1 min

[The stream is slated to start at 1:15 PM ET. Please refresh the page if you do not see a player above at that time.] CNBC's ETF Edge is dedicated to the fastest-growing trend in investing right now: ETFs. Every Monday, Bob Pisani will be joined by a panel of top market participants to offer educational and actionable advice to help you build your best portfolio.

Persons: Bob Pisani Organizations: Edge

☆ A product manager who worked at Meta and Google reveals which company is best for work-life balance
▼ + stars: | 2024-05-05 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +11 min

A Meta product manager who also worked at Google in a similar role revealed some differences between the tech companies based on his experiences over the past six years. AdvertisementCompany transparencyMeta does maintain some of the transparency the company was known for in its earlier days, McKinnon wrote. At Meta, McKinnon was aware of what other teams were working on, partly through the company's internal forums and dashboards. At Google, employees mostly communicate through email or chat, so it's more difficult to know what everyone is doing, McKinnon wrote. At Google, McKinnon saw that projects were largely created and led by software engineers, and PMs played a more auxiliary role.

Persons: —, Daniel McKinnon, Ray, McKinnon, Googlers, Meta's, Mark Zuckerberg, Sundar, Alphabet's, Sundar Pichai wasn't, Zuckerberg, Meta, VPs, Susan Li Organizations: Meta, Google, Service, Unit, Business, Facebook, . Software Engineers Locations: Meta

☆ Britain’s Conservatives suffer heavy losses in a sign that Rishi Sunak is in real trouble
▼ + stars: | 2024-05-03 | by ( Luke Mcgee | ) edition.cnn.com time to read: +4 min

CNN —Britain’s governing Conservative Party suffered heavy losses in local elections, a sign that they could be in real trouble when the country holds a general election at some point later this year. It also means that if a general election were held tomorrow, the opposition Labour Party would almost certainly win power. What these results don’t tell us is when the general election will take place. Conservatives are divided on when they think Sunak should bite the ballot bullet. Others think Sunak should look toward the end of the year, as it allows the most time for things to improve.

Persons: Rishi Sunak, Keir Starmer, Sunak, Rwanda –, Boris Johnson, Liz Truss, Johnson, Truss Organizations: CNN, Conservative Party, Labour Party, Conservative, Labour, Reform, Conservatives Locations: Rwanda

☆ UK local election: Former PM Boris Johnson turned away from polling station after forgetting ID
▼ + stars: | 2024-05-03 | by ( Christian Edwards | Alex Hardie | ) edition.cnn.com time to read: +2 min

CNN —Boris Johnson was turned away from a polling station while trying to vote in the United Kingdom’s local elections after forgetting to bring photo ID – a requirement he introduced while prime minister. Polling station staff were forced to turn the former prime minister away as he tried to cast his ballot in South Oxfordshire on Thursday, PA media reported. New rules requiring photo ID to vote were introduced by Johnson’s Conservative government in the Elections Act 2022. Veterans minister Johnny Mercer apologized to Diver. “The legislation on acceptable forms of ID came out before the veterans ID cards started coming out in January this year.

Persons: Boris Johnson, Johnson, Adam Diver, Johnny Mercer, ” Mercer, Rishi Sunak Organizations: CNN, United, Johnson’s Conservative, Labour Party Locations: South Oxfordshire

☆ Watch now: ETF Edge on
▼ + stars: | 2024-05-03 | by ( Bob Pisani | ) www.cnbc.com time to read: 1 min

[The stream is slated to start at 1:00 PM ET. Please refresh the page if you do not see a player above at that time.] CNBC's ETF Edge is dedicated to the fastest-growing trend in investing right now: ETFs. Every Monday, Bob Pisani will be joined by a panel of top market participants to offer educational and actionable advice to help you build your best portfolio.

Persons: Bob Pisani Organizations: Edge

☆ The portfolio manager whisperers
▼ + stars: | 2024-05-03 | by ( Alex Morrell | ) www.businessinsider.com time to read: +24 min

AdvertisementHistorically, a hedge fund's chief investment office or senior portfolio manager was responsible for vetting and wooing key investment hires. They can also help hedge funds save on outside recruiting costs, which can add up to tens of millions a year. Hedge funds targeted institutional salespeople at investment banks with exposure to hedge funds, as well as asset allocators with chops in portfolio-manager selection and due diligence. Assets at multimanager hedge funds have boomed since 2018. The principle may work for fictional baseball diamonds, but the reality at hedge funds is more complicated.

Persons: Taylor Swift, Travis Kelce, Goldman Sachs, —, That's, headhunter who's, liken, Nick Saban's, Midlevel, headhunter, Ken Griffin, Michael Kovac, execs, Jennifer Blake, BD Thomas DeAngelis, Walleye Capital Paritosh Singh, Americas Michael Grad, BlueCrest Lindsay Previdi, Point72, Freestone Grove Matthew Giannini, Ken Griffin's, ExodusPoint, Brevan Howard, breakneck buildout, Michael Gelband —, Jonathan Hoffman, Alexander Phillips, ExodusPoint's, Millennium's Izzy Englander, noncompetes, Millennium Management Amanda Gordon, multimanagers, who've, Goldman, Schonfeld, Brevan Howard —, Neil Chriss, Harry Schwefel, Jonathan Brenner, Walleye's, Thomas DeAngelis, DeAngelis, Brenner, DeAngelis hasn't, Kansas City Chiefs Travis Kelce, Erick W, Rasco, Donald Trump's, America couldn't, Citadel execs Todd Barker, Daniel Morillo —, Jeff Runnfeldt, Bobby Jain, allocator Organizations: NFL, Business, Citadel, BD, University of Alabama, execs, Balyasny, Walleye Capital, Millennium, Americas, Freestone Grove, — Citadel, Walleye, BI, Costco, Millennium Management, Bloomberg, Getty, Investor, Barclays, Barclays Capital Solutions, Brookfield, Paloma Partners, Kansas City Chiefs, San Francisco 49ers, Allegiant, Getty Images, Black, Investors, ex, Fortress Locations: America, multimanagers, —, Hudson Bay, Schonfeld, Israel, multimanager, Europe, Middle East, Africa, Vegas, Balyasny

☆ Here's why we're not sweating Amazon’s light second-quarter guidance
▼ + stars: | 2024-05-01 | by ( Morgan Chittum | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. "There's a lot of data that's been hot, but we know there's rot underneath," Jim Cramer said, citing Tuesday's weaker-than-expected consumer confidence numbers. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Jerome Powell, Powell, Dupont, Ed Breen, Jim, Estee Lauder, We're, Jim Cramer's Organizations: CNBC, Federal, Fed, Dupont De, DuPont Locations: U.S, Dupont De Nemours

☆ Federal Reserve interest rate verdict: Central bankers meet to decide on next move
▼ + stars: | 2024-05-01 | by ( Bryan Mena | ) edition.cnn.com time to read: +5 min

Washington CNN —The Federal Reserve is expected to announce Wednesday that it is keeping interest rates at a quarter-century high for the sixth-straight meeting. Other Fed officials have already introduced the possibility of a rate hike, in addition to the chance of no rate cuts this year. Williams later said that another rate hike is possible if economic data warrants it. That combination eerily resembled stagflation, which triggered a broad stocks selloff on Wall Street Thursday. The threshold for a rate hike is ‘extremely high’Another interest rate hike is back in the conversation, but at the moment, it’s still not likely the Fed will do that.

Persons: Jerome Powell, ” Powell, Powell, John Williams, Williams, Neel Kashkari, Austan Goolsbee, “, can’t, it’s, Goldman Sachs, Wall, ” Oren Klachkin Organizations: Washington CNN, Federal, Index, New York Fed, Bloomberg, Minneapolis, Chicago Fed, Commerce Department, JPMorgan, Bank of America, Nationwide, CNN Locations: New, Chicago, Wells Fargo

☆ Clashes escalate at campus protests nationwide as law enforcement makes mass arrests
▼ + stars: | 2024-05-01 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

New York CNN —From New York to Los Angeles, college campus protests against the war in Gaza turned violent Tuesday night and into Wednesday morning as police sought to clear campuses of protesters in many locations, leading to mass arrests. The flash grenades emit a bright flash and a very loud bang and are typically used to shock and disorient. Officers arrested more than 200 protesters overnight at Columbia and made dozens of additional arrests at City College of New York located about a mile north in Manhattan, according to law enforcement sources. Columbia announced the NYPD could stay on campus through at least May 17, past the university’s commencement ceremony now scheduled for May 15. Brown UniversityAn exception to the escalating conflict was at Brown University in Providence, Rhode Island.

Persons: Nobody, ” Anna Dai, Liu, ”, Israel Organizations: New, New York CNN, Columbia University, City College of New York New, NYPD, Columbia, City College of New, UCLA, University of California, Daily Bruin, CNN, University of Arizona University police, Tulane University University, New Orleans police, Louisiana State Police, Tulane, Brown University, Protesters Locations: New York, Los Angeles, Gaza, City College of New York New York City, City College of New York, Manhattan, Israel, New Orleans, Providence , Rhode Island

☆ Starbucks just had a ‘disappointing’ quarter. Here’s how it plans to turn things around
▼ + stars: | 2024-05-01 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Starbucks is brewing a turnaround plan that involves speedier service and expanding the number of promotions after its most recent quarter was “disappointing,” in the words of its own chief executive. “Let me be clear from the beginning, our performance this quarter was disappointing,” said CEO Laxman Narasimhan on the earnings call. Same-store sales in the United States fell 3%, a sharp reversal from the same quarter a year ago, when they grew 12%. In China, the chain’s second-largest market, sales fell a staggering 11%, with the company blaming competition from “value players” in the country. Starbucks is now forecasting revenue to grow in the low single digits, a steep decline from its previous forecast of 7% to 10%.

Persons: ”, Laxman Narasimhan, ” Narasimhan, “ Headwinds, Narasimhan Organizations: New, New York CNN, Starbucks, East, Alshaya Locations: New York, United States, China, Gaza

☆ Catch up on the day’s news: Trump fined for violating gag order, marijuana getting reclassified, college protests intensify
▼ + stars: | 2024-04-30 | by ( Daniel Wine | ) edition.cnn.com time to read: +3 min

It’s expected to become a Schedule III controlled substance, a classification shared by prescription drugs such as ketamine and Tylenol with codeine. Here’s what else you might have missed during your busy day:5 thingsKeith Davidson, who represented Stormy Daniels and Karen McDougal, is questioned. Jane Rosenberg1️⃣ Trump on trial: Donald Trump removed the online posts that a judge ruled violated his gag order in the New York criminal hush money case. The former president also was fined $9,000, and a former attorney who represented Stormy Daniels and Karen McDougal testified. 5 Things PM is produced by CNN’s Tricia Escobedo, Meghan Pryce and Kimberly Richardson.

Persons: ane R, Ed, bil, Lis, r., Gupta, Loo, Cheng S Organizations: acc, ld, CNN

☆ Labor Day isn’t the holiday it once was for China’s workers
▼ + stars: | 2024-04-30 | by ( Chris Lau | Hassan Tayir | ) edition.cnn.com time to read: +7 min

Hong Kong CNN —Like hundreds of millions of workers in China, Hao Zeyu, an algorithm engineer at an electric vehicle maker, is getting five days off this week for the Labor Day holiday. So, why has a decades-old policy caused so much upset in a country whose Communist Party leadership pays annual homage to International Workers’ Day? Trending topicIn recent weeks, complaints about this year’s Labor Day leave arrangements have exploded on Chinese social media. Tourists visit the Qiansimen Jialing River Bridge during the May Day holiday on May 1, 2023 in Chongqing, China. Labor Day isn’t the only holiday to get the adjusted rest policy.

Persons: Hao Zeyu, Hao, “, ” Hao, ”, Yao, Max Teng, it’s, Yaer Tuerdi, Pang Dong Lai, Yu Donglai, Yu, Teng Organizations: Hong Kong CNN, Labor, CNN, Communist Party, International Workers, Workers, Weibo, Tourists, China News Service, University of Wellington, “ Workers Locations: China, Hong Kong, Chongqing, United States, United Kingdom, Kentucky, Henan

☆ Pedro Sanchez: Spanish PM refuses to quit, vowing to fight ‘unfounded’ attack on his wife
▼ + stars: | 2024-04-29 | by ( Al Goodman | Jack Guy | ) edition.cnn.com time to read: +5 min

“I have decided to continue, with more force if possible, as the head of the Spanish government,” the 52-year-old prime minister said. Sanchez thanked his Spanish Socialist Party members for their support. Manos Limpias acknowledged on the same day that it had relied on press reports for its court complaint. Javier Soriano/AFP/Getty ImagesSanchez’ Socialist party performed strongly in recent regional elections in Spain’s northern Basque region. Sanchez became prime minister in 2018 after winning a no-confidence vote against the conservative Mariano Rajoy.

Persons: Pedro Sanchez, Begoña Gomez, Sanchez, Gomez, Manos Limpias, “, ”, it’s, Gomez “, Manos, General’s, Hazte, Javier Soriano, Mariano Rajoy, “ Pedro, –, we’ve, Español’s Pau Mosquera Organizations: CNN, Spanish, Spanish Socialist Party, Madrid, Superior Court of Justice, AFP, Getty, Socialist, Socialist Party, Español, Español’s Locations: Madrid, Spanish, Spain’s, Basque, Catalonia, Ukraine, Kyiv, Spain, ”

Shark NeverChange Air Purifier Max The Shark NeverChange Air Purifier Max is a powerful air-cleaning machine for large spaces, and the best part is that you only need to change its filter every five years. Camryn Rabideau/Business InsiderThe Shark NeverChange Air Purifier Max took less than 5 minutes to unbox and get running. Our review of the Shark NeverChange™ Air Purifier MAXAdvertisementEase of UseThe air purifier’s display screen shows the real-time air quality in your home. AdvertisementThe bottom lineFor large spaces, the Shark NeverChange Air Purifier Max is worth the investment. Camryn Rabideau/Business InsiderThe Shark NeverChange Air Purifier Max is a worthwhile option that requires minimal maintenance and covers large rooms.

Persons: Max, Camryn, Philip M, Tierno Jr, Tierno, it's, There's Organizations: Business, Shop, Energy, Stratos, NYU Grossman School of Medicine, NYU Langone Medical, Honeywell

☆ Watch now: ETF Edge on most of the good with none of the bad? Is 100% downside protection possible?
▼ + stars: | 2024-04-29 | by ( Bob Pisani | ) www.cnbc.com time to read: 1 min

Persons: Bob Pisani Organizations: Edge

☆ It's going to be a massive week for the stock market
▼ + stars: | 2024-04-29 | by ( Matthew Fox | ) www.businessinsider.com time to read: +5 min

It's a big week for the stock market with a deluge of economic data set to be released. AdvertisementIt's going to be a massive week for the stock market as investors prepare for a deluge of economic data and corporate earnings results. Raymond James' chief investment officer Larry Adam highlighted the top five things to watch this week that could have a big impact on stock market prices. Finally, the April jobs report set to be released on Friday will be closely watched by investors. The jobs report will provide an update on the strength of the labor market," Adam said.

Persons: Raymond James, —, Larry Adam, Adam, Jerome Powell, Powell, Treasurys Organizations: Fed, Service, Treasury Department, Treasury, Apple, Investors, ISM Manufacturing, Manufacturing

☆ CNBC's Inside India newsletter: A $270 billion gamble on green?
▼ + stars: | 2024-04-25 | by ( Ganesh Rao | ) www.cnbc.com time to read: +8 min

Solar panels stand at the Welspun Energy solar power plant in Neemuch, Madhya Pradesh, India. One sector in particular — electrical power transmission — will see $270 billion in financial benefits, according to Goldman Sachs. While utilities like the Power Grid Corporation of India may be perceived as unsexy, compared to growth stocks like Tesla, India plans to promote renewable energy without the taxpayer spending a single rupee. The country has added about 70 gigawatts of solar power capacity over the past decade without piling on further costs by simply maximizing the grid's usage. Currently, state governments in India levy surcharges and taxes on every unit of carbon-intensive energy transmitted through the grid.

Persons: Vivek Prakash, Elon Musk, Narendra Modi, Goldman Sachs, It's, Vinay Dwivedi, India Anna Dravida, Vinay, Modi, Mohamed Muizzu's, Jamie Dimon, Modi's Organizations: Bloomberg, Getty, U.S, Power Grid Corporation of India, Goldman, Companies, Reliance Industries, Adani Enterprises, Tamil Nadu —, Dravida Munnetra Kazhagam, India Anna Dravida Munnetra Kazhagam, CNBC, Modi's Bharatiya Janata Party, Vodafone Idea, Vodafone, West, Economic, of New, JPMorgan, CNBC Pro, we'll Locations: Neemuch, Madhya Pradesh, India, Tamil Nadu, Dravida, New Delhi, Maldives, China, Beijing, West Indies, Pakistan, U.S, of New York

☆ Tommy Tuberville misses Ukraine aid vote after railing against it
▼ + stars: | 2024-04-24 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

Read previewAhead of a final Senate vote to send Ukraine aid to President Joe Biden's desk, Sen. Tommy Tuberville made one last stand against it. Paul has long been an opponent of Ukraine aid, while Scott said in a statement on Tuesday that he supports the bill. The more than $61 billion in Ukraine aid was wrapped up in a larger $95 billion package that included more than $14 billion for Israel, $9 billion in humanitarian aid, aid for Taiwan, and a bill to force a sale of TikTok. AdvertisementThe Alabama senator has long been an opponent of Ukraine aid. In May 2022, he was one of just 11 Republican senators to vote against a $40 billion aid package for the country.

Persons: —, Joe Biden's, Sen, Tommy Tuberville, Tuberville, It's, Sens, Rand Paul of Kentucky, Tim Scott of, Paul, Scott, Katie Britt, Tuberville's, Vladimir Putin, Donald Trump Organizations: Service, Alabama Republican, Republican, Business, Democratic Locations: Ukraine, Russia, Tim Scott of South Carolina, Tuberville's Alabama, Israel, Taiwan, Alabama, Soviet Union

☆ Watch now: ETF Edge on investing in private tech companies
▼ + stars: | 2024-04-22 | by ( Bob Pisani | ) www.cnbc.com time to read: 1 min

Persons: Bob Pisani Organizations: Edge

☆ Israel planned a much bigger attack on Iran but scaled it back after intense pressure from its allies: report
▼ + stars: | 2024-04-22 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +1 min

Israel planned a larger counterstrike on Iran, but scaled it back after pressure from its allies. The counterattack was in response to Iran launching over 300 missiles and drones at Israel. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIsrael planned a much bigger counterstrike on Iran but dialed it back after intense pressure from its allies, including the US, according to senior Israeli officials who spoke to The New York Times. Three officials, speaking anonymously owing to the sensitivity of the discussions, told the Times that Israeli leaders had considered striking multiple military targets across Iran, including some near the capital, Tehran.

Persons: Israel, Joe Biden, Benjamin Netanyahu, — Organizations: New York Times, Service, Times Locations: Iran, Israel, Tehran

☆ 6 portfolio stock earnings and the Fed's favorite inflation gauge dominate the week ahead
▼ + stars: | 2024-04-20 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

The Nasdaq sank 2% on Friday as Netflix dropped nearly 11% post-earnings and Club stock Nvidia fell 10%, entering bear market territory but still up more than 50% in 2024. Following a much stronger-than-expected March retail sales report last month, fresh economic data and six Club stock earnings will take center stage in the week ahead. While lower rates may help stock multiples, that is not a sustainable path to higher equity prices over time. Earnings : The latest quarterly reporting season is starting to ramp into high gear with six Club names set to report next week. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Dow, Jerome Powell, Jim Cramer, Mark, Meta, Bing, Ford, Vimal, Lockheed Martin, Clark, Philip Morris, Sherwin, Williams, Baker Hughes, Lam, Northrop, Dr Pepper, CARR, Edwards Lifesciences, Jim Cramer's, Jim, Michael M Organizations: Nasdaq, Netflix, Nvidia, Dow Jones, Federal, Fed, Hamas, Gross, Google, Reality Labs, General Motors, Honeywell, Microsoft, Verizon Communications, Albertsons Companies, SAP, Cadence Design Systems, United Parcel Service, General Electric, GE, PepsiCo, Lockheed, Spotify Technology, RTX Corporation, JetBlue Airways, Halliburton, HAL, Philip Morris International, Quest Diagnostics, Texas Instruments, Seagate Technology, Mattel, Veralto Corporation, Boeing, General Dynamics, Boston, Hilton, Fisher, Otis Worldwide, IBM, Grill, Viking Therapeutics, Lam Research, Whirlpool, WM, Honeywell International, Royal Caribbean Cruises, American Airlines, Altria, Newmont, Caterpillar, Southwest Airlines, Myers Squibb, AstraZeneca, Mobileye, Northrop Grumman, CNBC, Comcast, Merck, Dow Inc, Carrier Global, Union Pacific, Intel, Western, Mobile, L3Harris Technologies, Exxon Mobil, Chevron, Colgate, Palmolive, HCA Healthcare, Charter Communications, Newell Brands, Jim Cramer's Charitable, Traders, New York Stock Exchange, Santiago, Getty Locations: Israel, Iran, Ukraine, destocking, China, Cleveland, Freeport, McMoRan, Kimberly, Masco, Bristol, New York City

☆ Rishi Sunak: Everything seems to be going wrong for British PM
▼ + stars: | 2024-04-20 | by ( Luke Mcgee | ) edition.cnn.com time to read: +6 min

CNN —Life must seem bleak for British Prime Minister Rishi Sunak these days. Sunak has said that he will hold a general election this year, but has yet to confirm its date. It was only voted through by MPs because it has the support of the opposition Labour Party. Anderson is a working-class former miner who is from a part of the country that traditionally votes for the opposition Labour Party. However, Anderson was suspended from the Conservative Party after making comments about the Muslim mayor of London, Sadiq Khan, that Sunak clearly believed were beyond the pale.

Persons: Rishi Sunak, Sunak, –, Boris Johnson, Winston Churchill, It’s, ” Rishi Sunak, Dan Kitwood, Liz Truss, Lee Anderson, Anderson, Elon Musk, Tesla, Kirsty Wigglesworth, doesn’t, Sadiq Khan, Suella Braverman, Braverman, Johnson, Rishi, ” Sunak Organizations: CNN, British, Conservative Party, Labour Party, ”, Conservatives, Allies, Labour, Sunak's, SpaceX, Reuters, Conservative, “, Adidas Samba Locations: Quebec, London, Rwanda

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