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☆ 'The real AI darling': This data-center stock has beaten Nvidia by 310% since last year's blockbuster earnings
▼ + stars: | 2024-05-20 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

The firm notes that Vertiv, which makes power and cooling equipment for data centers, has beaten Nvidia by 315% over the past year. Much of that stems from the advanced chips that power AI on — such as the ones Nvidia produces — requiring significantly more electricity to operate. "Power used by AI applications is expected to grow at a 25-33% CAGR over the next few years." AdvertisementAs Nvidia gears up for its earnings season on Wednesday, expectations remain strong, Bank of America said. Previously, Goldman Sachs had similarly outlined broadening AI investment, characterizing Nvidia as the first of four phases.

Persons: —, They're, Nvidia's, Vertiv, outpacing, BofA, Bank of America BofA, Steve Eisman, it's, NVDA, Goldman Sachs Organizations: Bank of America, Nvidia, Service, Vertiv

☆ Why Michael Dell's latest prediction about AI PCs is great news for Best Buy
▼ + stars: | 2024-05-20 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

AI PCs: We've been talking for months about how the launch of new AI PCs from the likes of HP and Dell and a specialized generative AI keyboard button from Microsoft will start a new PC refresh cycle later this year. We're now seeing a ton of news about AI PCs from Microsoft and Dell. In an interview, Michael Dell told Bloomberg News that AI PCs will be delivered "in volume" this year and will be "pretty standard" by 2025. 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, We're, Michael Dell, Jim, Jim Cramer's, Andrew Kelly Organizations: CNBC, Dow Jones, Nvidia, Broadcom, HP, Dell, Microsoft, Bloomberg News, Palo Alto Networks, Keysight Technologies, Home, Jim Cramer's Charitable Locations: Manhattan , New York City

☆ Growing investment opportunities in healthcare and decarbonization, portfolio manager says
▼ + stars: | 2024-05-20 | 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 EmailGrowing investment opportunities in healthcare and decarbonization, portfolio manager saysStephanie Niven, portfolio manager at investment firm Ninety One, outlines the long-term investment opportunities in the healthcare and decarbonisation sectors.

Persons: Stephanie Niven

☆ Biden is struggling in Nevada. His economic messaging in the key swing state will be one of the biggest tests of his 2024 campaign.
▼ + stars: | 2024-05-20 | by ( John L. Dorman | ) www.businessinsider.com time to read: +5 min

The last GOP presidential nominee to win Nevada was George W. Bush in November 2004 — nearly 20 years ago. Biden will have to work hard to address some of the top concerns of Nevada voters: inflation, housing affordability, and health care. A plurality of Nevada voters (22%) listed the economy as their top issue, and a whopping 82% of voters said that the economy was "only fair" or "poor." Only 17% of Nevada voters rated the economy as "good" or "excellent." And by a 61% to 32% margin, Nevada voters believe Trump would be better at handling the economy.

Persons: —, Sen, Harry Reid, Barack Obama's, Catherine Cortez Masto's, Joe Biden's, Biden, Donald Trump, George W, Bush, Hillary Clinton, Trump, Robert F, Kennedy Jr, Jill Stein, plummets, Stein, Kamala Harris Organizations: Service, Democratic Party, Business, Nevada, Vegas, Biden, GOP, Trump, New York Times, Siena College, Green Party, —, Safer Communities Locations: Nevada, Las Vegas, Reno, Siena

☆ Top Wall Street analysts like these 3 dividend stocks for high yields
▼ + stars: | 2024-05-19 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

Bearing that in mind, here are three attractive dividend stocks, according to Wall Street's top pros on TipRanks, a platform that ranks analysts based on their past performance. On May 1, the company announced its first-quarter results and declared a quarterly dividend of 48 cents per share, payable on June 28. Following the results, RBC Capital analyst Kenneth Lee reaffirmed a buy rating on ARCC stock with a price target of $22. The company recently announced its first-quarter results and declared a quarterly distribution of $0.405 per unit. Overall, based on the annualized dividend amount of $3.08 per share, the stock's dividend yield stands at 5.6%.

Persons: Wall, Capital, Kenneth Lee, Lee, TipRanks, Devin Dodge, Dodge, Income's, Brad Heffern, Heffern Organizations: New York Stock Exchange, Federal Reserve, Ares, RBC Capital, Ares Credit, Brookfield Infrastructure Partners, Brookfield Infrastructure, BMO Capital, Triton, Dodge, Brookfield Locations: New York City, Asia, Pacific, North America, Europe, U.S, TipRanks

☆ Wealthy Americans are starting to spend more carefully
▼ + stars: | 2024-05-19 | by ( Bryan Mena | ) edition.cnn.com time to read: +7 min

A robust stock market coupled with rising home values have boosted Americans’ wealth from 2019 through 2022, according to a Federal Reserve report on household finances. There’s been some evidence of wealthy Americans growing cautious in the latest round of company earnings results. Federal Reserve officials Michael Barr, Christopher Waller, Philip Jefferson and Raphael Bostic deliver remarks. Federal Reserve officials Christopher Waller, John Williams, Raphael Bostic, Michael Barr, Loretta Mester and Susan Collins deliver remarks. The Federal Reserve release minutes from its May policymaking meeting.

Persons: they’ve, “, ” Nanette Abuhoff Jacobson, There’s, ” Jonathan Akeroyd, Moet, The Beverly Hilton, Michael Kovac, LVMH Moët Hennessy Louis Vuitton, ”, Jacobson, ’ Ariel Barnes, Barnes, ” Barnes, Baby Boomer, Xers, Matt Egan, Read, Michael Barr, Christopher Waller, Philip Jefferson, Raphael Bostic, John Williams, Loretta Mester, Susan Collins, Robin, Ralph Lauren, Booz Allen Hamilton, Buckle Organizations: CNN Business, Bell, Washington CNN, Federal, Fed, Hartford Funds, CNN, Burberry, The Beverly, The Beverly Hilton Hotel, Walmart, Royal Caribbean Cruises, Jackson State University, Federal Reserve Bank of New, Palo Alto Networks, Urban Outfitters, NVIDIA, National Statistics, National Association of Realtors, Reserve, Intuit, US Labor Department, Chicago Fed, Global, US Commerce Department, Atlanta Fed, Booz, University of Michigan Locations: Washington, British, Americas, Beverly Hills , California, Jackson , Mississippi, Federal Reserve Bank of New York, Palo, Ross, Burlington

☆ How to own Big Tech and stay diversified, plus learning more about stock buybacks
▼ + stars: | 2024-05-19 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

Buybacks and share count information can be gleaned from a review of the company's financial statements. The current share count is listed near the bottom of the balance sheet in the "Shareholder equity" section. This means that a company's buyback program will only reduce the share count if it exceeds the stock-based compensation it is paying out. 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, — Robert, Robert, Jim, — Vick, Jim Cramer's, Spencer Platt Organizations: Microsoft, Google, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange, Getty Locations: New York, Louisville , Kentucky, New York City

☆ It's going to be a long summer for the stock market
▼ + stars: | 2024-05-18 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

The stock market is headed for a disappointing few months. And I think we should also be prepared to see some nasty aggressive selloff along the way," Morrison said. "Political volatility is, in itself… going to trip over stock market volatility," McGough warned. More extreme forecasters have predicted a market crash as steep as 65%, as equities mirror previous bubbles. You're probably going to come back without the material move one way or the other," McGough said.

Persons: there's, —, David Morrison, Morrison, Will McGough, McGough Organizations: Service, Wall Street, Business, Trade, Dow Jones Industrial, Federal Reserve, Prime Capital Investment Advisors, Fed, New York Fed, Treasury

☆ Nvidia and 2 other portfolio stocks report earnings next week. Here's what we want to see from each
▼ + stars: | 2024-05-18 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

All three major averages closed higher for the week, driven by softer retail sales and consumer price data for April. And the data has been mostly good, with 78% reporting a positive earnings surprise and 60% delivering a positive sales surprise. But we will get earnings from three portfolio companies, including one of our two "own, don't trade" stocks. In the week ahead, three portfolio companies will report results, while it will be fairly slow for economic data, except for a couple of housing reports. Earnings : After a week without earnings from any Club stocks, we'll get three this coming week.

Persons: Dow Jones, Dow, we'll, TJX, Blackwell, Li Auto, James Hardie, Ralph Lauren Corporation, Booz Allen, Jim Cramer's, Jim Cramer, Jim, Jensen Huang, Justin Sullivan Organizations: Wall, Federal Reserve, Dow, Nasdaq, CPI, Palo Alto Networks, Palo, TJX Companies, Nvidia, Nexxen, Alto Networks, Video Communications, Trip.com, James Hardie Industries N.V, Nordson Corp, Keysight Technologies, ZIM Integrated Shipping Services, Lowe's Companies, Eagle Materials, Toll, ViaSat, Urban Outfitters, Target Corp, Devices, Dorian LPG, Dycom, Golden Ocean Group, Petco, Wellness Company, Sonoma, WSM, VF Corp, Star Bulk Carriers Corp, LiveRamp Holdings, Chemical & Mining Co, Grupo Supervielle S.A, BJ's Wholesale, Technologies, TD Bank Group, Intuit, Ross Stores, Booz Allen Hamilton Holding, Mesa Laboratories, Jim Cramer's Charitable, CNBC, Intelligence, SAP Center Locations: Palo Alto, Williams, Chile, San Jose , California

☆ Financials and utilities will benefit from a Fed rate cut, says Ned Davis' Ed Clissold
▼ + 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 EmailFinancials and utilities will benefit from a Fed rate cut, says Ned Davis' Ed ClissoldEd Clissold, Ned Davis, joins 'Closing Bell' to discuss why he's bullish on the markets and which sectors he sees as having good opportunity plays.

Persons: Ned Davis, Ed Clissold Ed Clissold

☆ Biden’s tariffs on Chinese imports are boosting these beaten-down stocks
▼ + stars: | 2024-05-17 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

Beaten-down clean energy stocks have rallied this week. The iShares Global Clean Energy exchange-traded fund, which tracks sectors from renewable electricity to semiconductors to solar energy, has gained roughly 3%. Plug Power shares have climbed 33%, Enphase Energy shares have gained 8% and NextEra Energy shares have added 4%. Some investors warn that though the tariffs could continue boosting clean energy stocks, the recent rally isn’t driven by just improving fundamentals. Damaging hacks expose the weak underbelly of America’s health care systemA pair of recent ransomware attacks crippled computer systems at two major American health care firms, disrupting patient care and exposing fundamental weaknesses in the US health care system’s defenses against hackers, reports my colleague Sean Lyngaas.

Persons: New York CNN — It’s, Joe Biden, CNN’s Kayla Tausche, ”, Steve Sosnick, Roaring Kitty, Keith Gill, Dow, Nicole Goodkind, stoking, Gary Pzegeo, ” Read, Sean Lyngaas, cybersecurity, ” Joshua Corman, Sen, Ron Wyden Organizations: CNN Business, Bell, New York CNN, Clean Energy, Enphase Energy, NextEra Energy, Biden, Federal Reserve, Interactive Brokers, CNN, GameStop, AMC Entertainment, Roaring, Dow Jones Industrial, Nasdaq, Markets, Bureau of Labor Statistics, CIBC Private Wealth, “ Industry, Oregon Democrat Locations: New York, China

☆ More and more stocks are joining the market's rally to new highs. Here's why and when to buy
▼ + stars: | 2024-05-17 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

The S & P 500 on Wednesday closed above 5,300 for the first time ever. The last time the S & P 500 Short Range Oscillator was this overbought was back in December. The upswing picked up after the S & P 500's most recent bottom on April 19 and pushed to this week's records. .SPX 1Y mountain S & P 500 - 1 year There is no telling whether the current overbought market will follow a similar pattern. Perhaps more telling, four of the bottom six sectors saw earnings estimates revised higher since the end of the first quarter.

Persons: Dow, Morgan Stanley, Stocks, it's, Rather, Jim Cramer's, Jim Cramer, Jim, Victor J Organizations: Federal Reserve, Palo Alto Networks, CNBC, Visitors, New York Stock Exchange, Blue, Bloomberg, Getty

☆ A market-predicting strategist warns that chasing this record rally is a mistake — but investors can still score strong long-term gains by following this 6-part strategy
▼ + stars: | 2024-05-17 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

"We should be anticipating higher highs in the market," Lundgren, the chief market strategist at MOTR Capital Management & Research and a portfolio manager at Little Harbor Advisors, recently told Business Insider. The 28-year market veteran's upbeat sentiment is more widespread now than last fall, when the S&P 500 struggled mightily before a powerful end-of-year surge. There can be negative or positive stretches within an established bull or bear market, Lundgren noted. Only one of the ETFs tracking Lundgren's preferred sectors has beaten the S&P 500 (in dark blue) since late last summer. When adjusting for market cap, cyclicals have fared much better and have bested the equal-weight version of the S&P 500 in several cases.

Persons: —, David Lundgren, Lundgren, he'd, we've Organizations: Service, MOTR Capital Management & Research, Little Harbor Advisors, Business, Yahoo Finance, Yahoo

☆ The Dominican Republic votes on Sunday. Here’s what to know
▼ + stars: | 2024-05-17 | by ( Jessica Hasbun | ) edition.cnn.com time to read: +10 min

Santo Domingo, Dominican Republic CNN —The Dominican Republic is days away from a general election that will see voters elect new lawmakers and the president as they weigh the nation’s economy and security. During his first term from 2020 to 2024, the Dominican Republic established a new record in the tourism industry, with more than 10 million tourists visiting the island in 2023. Former President of the Dominican Republic and presidential candidate of the People's Force party Leonel Fernandez greets supporters as he attends a closing campaign rally ahead of Sunday's election, in Santo Domingo, Dominican Republic, May 15, 2024. Martinez poses during an interview with EFE, in Santo Domingo, Dominican Republic, 13 May 2024. People wait in Ouanaminthe, Haiti to cross into Dajabon, Dominican Republic, Friday, May 17, 2024.

Persons: Santo Domingo, Dominican Republic CNN —, Luis Abinader, “ Abinader, ”, Bernardo Vega, Vega, National District Guillermo Moreno, Orlando Barria, Rosario Espinal, Abinader, Critics, Leonel Fernández, Fernandez, Leonel Fernandez, Henry Romero, “, Abel Martínez, Martinez, EFE, Pablo Flores, Flores, Matias Delacroix, Ney Segura Organizations: Dominican Republic CNN, Caribbean nation’s, Modern Revolutionary Party, National Police, Bank, National District, Dominican Liberation Party, Dominican, People's Force, Reuters, Force, People, Quarterly, United Nations, Santo, country’s National, US State Department, World Bank Locations: Dominican Republic, Dominican, Santo Domingo, Haiti, Port, Santiago, Caribbean, Ouanaminthe, Dajabon

☆ Bollywood and Indian politics: Influence of Modi and BJP on world’s largest film industry
▼ + stars: | 2024-05-17 | by ( Jessie Yeung | Rhea Mogul | ) edition.cnn.com time to read: +16 min

And most of these are Hindi films, meaning Bollywood holds an outsized influence on the country’s culture, identity and economy. A screengrab from the 2022 Bollywood film "The Kashmir Files." CNN reached out to several people from the film industry for this story, some of whom declined to be interviewed due to sensitivities around the topic. It encouraged some Bollywood filmmakers to “(lean) into the caricature of the Muslim villain,” he says. These films are growing fast; outside Bollywood, earnings from the South Indian media and entertainment industry have nearly doubled year on year, according to a 2023 report by the Confederation of Indian Industry.

Persons: India’s, Narendra Modi, Indranil Mukherjee, ”, Raja Sen, “ It’s, Modi, Tanul Thakur, …, Veer Savarkar, –, ” Adah Sharma, Pandits, Vivek Agnihotri, ” Sudipto Sen, Debashree Mukherjee, it’s, Thakur, Sen, Darab Farooqui, Sonu Mehta, Farooqui, “, she’s, Aamir Khan, ” Farooqui, Jawaharlal Nehru, Mukherjee, Yash Chopra, ” That’s, ” Thakur, ” Sen, “ We’ve, ’, Dharmendra, Noemi Cassanelli, “ Something’s Organizations: India CNN —, Bharatiya Janata Party, BJP, Observers, Hollywood, Republican, Modi’s, Getty, CNN, Ministry of Culture, of, Netflix, Columbia, Social Democratic Party of India, Hindustan Times, Columbia University, Journalists, Confederation of Indian Industry Locations: Mumbai, India, Kerala, Kashmir, Jammu, Columbia University’s, Middle Eastern, South, Jaipur, New Delhi, Pakistan, United States, Tamil Nadu

☆ AI infrastructure startup CoreWeave raises $7.5 billion in debt deal led by Blackstone
▼ + stars: | 2024-05-17 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Fresh off a $1.1 billion equity funding round, artificial intelligence infrastructure startup CoreWeave has raised $7.5 billion in debt to more heavily invest in its cloud data centers. That means CoreWeave, backed by Nvidia, is going up against the world's top cloud infrastructure operators, including Amazon and Google . On its website, CoreWeave claims to have lower on-demand prices than any major cloud company. Even Microsoft , the world's second-largest provider of cloud infrastructure, has started relying on CoreWeave to help supply OpenAI with the computing power it needs. Such GPUs were used as collateral in a $2.3 billion debt round last year, Reuters reported.

Persons: Michael Intrator, CoreWeave, ChatGPT, Colette Kress Organizations: CNBC, Investors, Nvidia, Amazon, Google, Microsoft, Citigroup, Reuters Locations: Carlyle, BlackRock

☆ The best and the worst sectors in the stock market in this recording-setting week
▼ + stars: | 2024-05-17 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market wrap: It's day two of muted action in the market, which was trading in a tight range on a light news day to close out the week. 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, we're, OpenAI, Deere, Ralph Lauren, Jim Cramer's, Jim Organizations: CNBC, Tech, Devices, Broadcom, Nvidia, Microsoft, Palo Alto Networks, Palo, Walmart, TJX, Target, Williams, Coterra Energy, Jim Cramer's Charitable Locations: Palo Alto, Sonoma, Truist

☆ Flowers, socks and sparkling wine: Queen Camilla reveals some of her favorite brands
▼ + stars: | 2024-05-16 | by ( Billy Stockwell | ) edition.cnn.com time to read: +4 min

Royal warrants act as a stamp of approval to indicate the preferred goods and services used by the royal household and senior members of the royal family. The use of royal warrants can be traced back to medieval times when Henry II first granted a Royal Charter to the Weavers’ Company, according to the Royal Warrants Holders Association. In the 15th century, the first official royal warrants were granted, including to the King’s printer, William Caxton. A window display at Fortnum and Mason celebrates the coronation of King Charles III on April 29, 2023 in London, England. “It seems quite clear that if there are any [Environmental, Social and Governance] problems with the company, they will not get a royal warrant,” he said.

Persons: Camilla, Shane Connolly, Mason, King Charles III, Prince of Wales, Charles, Henry II, William Caxton, David Haigh, ”, Chris J Ratcliffe, Haigh, Bob Lindo, ” Haigh, Tom Athron Organizations: CNN’s Royal, London CNN, Charter, Weavers ’, Royal, Parliament, Brand, CNN, Corgi, Fortnum, Social Locations: London, England, America, East, China, Camel, Cornwall

☆ Asia markets rise after Wall Street soars on soft inflation data; Japan GDP shrinks
▼ + stars: | 2024-05-16 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: 1 min

The best-performing "Magnificent Seven" stock halfway through the second quarter is Google and YouTube owner Alphabet , up about 14.15%. All four are outpacing the S&P 500, which has risen about 2.1%. By contrast, Microsoft (+0.6%), Tesla (-0.7%) and Meta Platforms (-1%) are all trailing the S&P 500 in the second quarter. The best-performing sector this quarter is the S&P 500 Utilities, up 9.9% and more than twice as much as second-ranked S&P 500 Communication Services, higher by 3.9%. S&P 500 Information Technology (+2.8%) is also outperforming the S&P 500.

Persons: — Scott Schnipper Organizations: Apple, Nvidia, Microsoft, Communication, Real Estate, Health Care

At least some of the workers are described as North Korean nationals in the indictment. Some of these IT workers work closely with North Korean hackers, who are also a rich source of revenue for the regime, according to experts. A previous CNN investigation found that the founder of a California-based cryptocurrency startup had unwittingly paid tens of thousands of dollars to a North Korean engineer. And North Korean illustrators and graphic designers appear to have helped produce work for US animation studios unbeknownst to those companies, independent researchers told CNN last month. The researchers discovered a trove of cartoon sketches on an open computer server on the North Korean portion of the internet.

Persons: Christina Chapman, Chapman, ” Organizations: CNN, Court, District of Columbia, North Korean, State Department, cyberattacks, White Locations: Arizona, Valley, Pyongyang, Korean, California, North Korean

TradeBiden has left some of Trump's tariffs in place, illustrating the protectionist bent that continues to take hold in Washington. Biden has left some of Trump's tariffs in place, illustrating the protectionist bent that continues to take hold in Washington. As president, Trump fixated on the US trade deficit even as some economists argued against reading too much into such figures. He didn't see the fruits of his biggest trade deal, which went into effect in July 2020: the USMCA, a revamped North American trade deal known Experts at Brookings Institution have praised the treaty for growing regional trade. Trump has pledged to kill the Biden administration's new Asian trade talks, which the former president has dubbed "TPP two."

Persons: Biden, Niels Wenstedt, Trump, Katherine Tai, Sen, Elizabeth Warren, Barack Obama Organizations: BSR Agency, Getty, Republican Party, American Free Trade, World Trade Organization, Big Tech, Trump, Bloomberg News, Brookings Institution, TransPacific, US, Biden, Politico Locations: Washington, China, American, Mexico, Beijing

☆ Xi welcomes Putin to China as both leaders seek to bolster strategic ties
▼ + stars: | 2024-05-16 | by ( Sumathi Bala | ) www.cnbc.com time to read: +1 min

Chinese leader Xi Jinping welcomed Russian President Vladimir Putin in Beijing on May 16, 2024 as both countries seek to bolster their strategic relationship. Seen here is a file photo of the two men when they met in Beijing on Oct. 18, 2023. Chinese leader Xi Jinping welcomed Russian President Vladimir Putin in Beijing on Thursday as both countries seek to bolster their strategic relationship. In an interview with state-media Xinhua published ahead of the visit, Putin said trade volume between the two countries reached $227.8 billion last year from $111 billion in 2019. "The current bilateral trade volume is about 20 trillion rubles, or nearly 1.6 trillion yuan," he noted.

Persons: Xi Jinping, Vladimir Putin, Putin's, Xi, Putin Organizations: Xinhua Locations: Beijing, China, Russian, U.S . China, Ukraine, Washington, Moscow

☆ Biden’s trade chief walks back comments contradicting Biden on tariffs and inflation
▼ + stars: | 2024-05-16 | by ( Matt Egan | Kayla Tausche | ) edition.cnn.com time to read: +8 min

Research shows that former President Donald Trump’s tariffs on China did indeed raise prices on consumers and businesses — despite his claims otherwise. The study found tariffs imposed by former President Donald Trump did not meaningfully contribute to inflation. “The new Biden tariffs, like the more extensive ones that Trump has promised, will worsen US inflation. It is fair to debate how much the Biden tariffs will impact inflation because they are not nearly as widespread as what Trump imposed and what Trump is promising if he’s reelected. Trump enacted sweeping tariffs on $300 billion in Chinese imports, setting off a trade war between the world’s two biggest economies.

Persons: Katherine Tai, Joe Biden’s, ” Tai, —, Donald Trump’s, Tai, Angela Perez, Donald Trump, Goldman Sachs, Tai’s, “ Trump, ” Biden, “, Alex Durante, Tai’s “, Maury Obstfeld, Biden, ”, Trump, he’s, ” Perez, White, Morgan, Daleep Singh, Jen Psaki, Jared Polis, ” Polis, Ed Mills, Raymond James, David Kelly, ” Kelly Organizations: New, New York CNN, US, White, Research, CNN, US International Trade Commission, “, China, Tax, Obama, Peterson Institute for International Economics, Biden, Atlantic Council, Bretton, Committee, ”, Colorado Gov, Republicans, Asset Management Locations: New York, China, Ukraine, EVs, Europe

Investing can be intimidating, but financial planners recommend index funds to make things easier. Index funds are generally low-cost, but make sure you understand what fees are involved. Instead, experts have a suggestion to reduce the overwhelm for new and experienced investors alike: total stock market index funds, which give you exposure to the stock market more broadly. AdvertisementWhen you're picking your total market index fund, keep in mind that many of the funds are tracking the same indexes. Susan Dziubinski, an investment specialist at investment research firm Morningstar, identified total market funds as one of the five best ways to invest money.

Persons: Bryan Hasling, Hasling, there's, Charles Schwab, Susan Dziubinski, Morningstar, Dziubinski, doesn't Organizations: Apple, Financial, Fidelity Investments, Wall Street Locations: U.S

☆ Here's the deflation breakdown for April 2024 — in one chart
▼ + stars: | 2024-05-16 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

Consumers have largely seen prices deflate for physical goods, such as cars, furniture and appliances, economists said. They've also declined for some groceries and other things, such as travel, according to the consumer price index. Physical goods prices have deflated in all but one month since May 2023, for example. watch nowThe U.S. dollar's strength relative to other global currencies has also helped rein in prices for goods, economists said. Downward pressure on goods prices has waned a bit in recent months as supply-and-demand dynamics have normalized, economists said.

Persons: Oscar Wong, They've, they've, Michael Pugliese, Stephen Brown, Mark Zandi, Zandi, Hayley Berg, Hopper, There's, Brown Organizations: Consumers, Wells, Wells Fargo Economics, North, Capital Economics, Finance, GameStop, AMC, U.S, Federal Reserve, Canadian, Moody's, Airlines Locations: Wells Fargo, North America, U.S

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