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Three-Stock Lunch: MSFT, BA & GOOGL
  + stars: | 2024-05-16 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThree-Stock Lunch: MSFT, BA & GOOGLBoris Schlossberg, BK Asset Management managing director of FX strategy, joins 'Power Lunch' to discuss plays for three stocks including; Microsoft, Boeing and Alphabet.
Persons: Boris Schlossberg Organizations: BK Asset Management, Microsoft, Boeing
Mother's Day is right around the corner, and restaurants across the U.S. are offering up freebies and discounts to help you celebrate. This year, Mother's Day falls on Sunday, May 12. You can join Burger King's "Royal Perks" program online at bk.com/royalperks, or by downloading the BK app. At Friendly's, you can treat mom to a free scoop of ice cream on Mother's Day at participating locations. Insomnia CookiesWhen you buy 12 classic cookies online or in store from Insomnia Cookies, you'll get four more classic cookies for free.
Persons: Mother's, Auntie Anne's, Anne's, Burger, you'll, Robin, Margarita, King Organizations: Sunday, BK, Panda Locations: U.S, Friendly's
The question, directed towards women, seems simple: Would you rather be alone in the woods with a man or a bear? When asked why they would pick the bear, women all give some iteration of the same answer: With a bear, they know what the dangers are. A lot of detractors also seem to be misunderstanding the definition of a hypothetical question. TikTok creator and anti-misogynist educator Call Me BK, who claims to have started the current man vs. bear debate, said he didn’t even consider the question to be hypothetical. However, some positive comments have argued that the question isn’t meant to lambaste men or pick apart the potential danger of a bear encounter.
Persons: there’s, It’s, , , TikToker, didn’t, ” “, commenter Organizations: CNN, United Nations, BK Locations:
Tools of the trade: Netlfix & Meta
  + stars: | 2024-04-19 | 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 EmailTools of the trade: Netlfix & MetaBK Asset’s Boris Schlossberg, Fairland’s Katie Stockton and Kelly Intelligence’s Kevin Kelly join 'Power Lunch' to discuss the fundamentals, technicals and options for Netflix and Meta.
Persons: Boris Schlossberg, Katie Stockton, Kelly Intelligence’s Kevin Kelly Organizations: Meta BK, Netflix, Meta
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBK Asset Management's Kathy Lien talks what is next for the Yen after hitting a 34-year lowKathy Lien, Managing Director of FX Strategy at BK Asset Management, joins 'Fast Money' to discuss recent trends in the Japanese Yen after hitting a 34-year low.
Persons: Kathy Lien Organizations: BK Asset Management
The Hindu festival Holi has become more popular and inclusive, especially in the Indian diaspora. The Hindu festival of colors, observed as Holi in India and Fagu Purnima in Nepal, holds immense cultural significance for South Asians. "There were not many or any events celebrating Holi at that time, despite a considerable number of Indians living in Jackson Heights," she said. He said that over the years he'd seen Indians, Pakistanis, Nepalese, Bhutanese, Sri Lankans, African Americans, and Irish people attending his Holi event. Love was in the air at the Holi celebration.
Persons: , Fagu, bhalle, gulab jamun, I'd, Sheetal, Zayira Ray, Uma Kapoor, Kapoor, Manny Singh, Jarrod Fox, Festivalgoers, Akash Sheth, Sheth, Singh, Elise Young, Elise's Bodyshop, Carmen Perez, Young, who's, Vijay Satnarine, It's, Satnarine, Love, Lord Vishnu, King Hiranyakashipu, Prahlad, Hiranyakashipu's, Holika, Radha Rani, Lord Krishna Organizations: Service, BI, Morgan, Morgan Stanley's IT, Google, Hindu American Foundation, gulal, Apple Locations: Brooklyn , New York, India, Fagu Purnima, Nepal, New York, Asian, Queens , New York, Jackson Heights, Jersey, New York City, Morgan Stanley's, City, Brooklyn, Sri Lankans, African, Connecticut, Massachusetts, London, Wales
Heightened tensions in the Middle East, including the possibility of Iran attacking Israel, sent stocks back down and oil prices higher. If the choice is between a weak economy with lower rates or a strong economy with higher rates, we'll take the strong economy every time. Low rates may help with valuation multiples, but it's a strong economy that leads to earnings growth and that's what we, as long-term investors care about. Shelter costs are a major sticking point for overall inflation, which makes Tuesday's housing starts and building permits report a key watch item. We'll get another look at housing with the release of the March existing home sales report on Thursday.
Persons: we've, we'll, Morgan Stanley, Wells, bode, we're, Goldman Sachs, Charles Schwab, Johnson, ERIC, JB Hunt, Kinder Morgan, DR, Ally, Huntington, Jim Cramer's, Jim Cramer, Jim, Abbott, Ethan Miller Organizations: Dow Jones, Wednesday, Federal Reserve, Abbott Labs, Cardiovascular Systems, Diagnostics, Procter & Gamble, Constellation Brands, Procter, T Bank, Bank of America, Bank of New York Mellon, BK, PNC Financial, PNC, Ericsson, United Airlines, Interactive, ASML Holdings, US Bancorp, Citizens, Alcoa, CSX, Discover Financial, Nokia, Alaska Air, Blackstone BX, McLennan, Netflix, PPG Industries, Gamble, Financial, American Express, Jim Cramer's Charitable, CNBC, Las Vegas Convention, Getty Locations: Iran, Israel, China, Marsh, Las Vegas , Nevada
3-Stock Lunch: F, PLTR & LEVI
  + stars: | 2024-04-04 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email3-Stock Lunch: F, PLTR & LEVIBoris Schlossberg, BK Asset Management managing director, joins ‘Power Lunch’ to discuss plays for three stocks including: Ford, Palantir and Levi.
Persons: LEVI Boris Schlossberg, Levi Organizations: BK Asset Management
In France, a land of fine dining, Michelin stars and high standards for cuisine, there's a surprising favorite: American fast food. Expilly oversaw Popeyes' 2023 arrival in France while serving as COO of Popeyes France for French restaurant group Napaqaro. Burger King specifically has gone aggressively after the market "given the propensity for American quick service foods and concepts in France," Charles said. In 2024, McDonald's and Burger King hold more than 40% of the market, according to Euromonitor International, and now consider it their biggest one outside the U.S. French QSRs did take a hit in 2020, but the industry bounced back quickly, earning more profits in 2021 than before the pandemic, according to Euromonitor International.
Persons: Xavier Expilly, EXPM, Expilly, Popeyes, Burger, McDonald's, Andrew Charles, Cowen, Charles, Burger King, Joel Tissier, haven't, Tissier Organizations: Euromonitor, CNBC, Restaurant Brands, Canadian, Mac, Créteil, KFC, Euromonitor International, BK Locations: France, Europe, American, Burger, Paris, United States
Brands like Chipotle frequently give celebrities and other influential figures passes for free food, hoping they'll post about it and promote the brand to their millions of followers. McDonald'sMcDonald's has reportedly issued free food cards at the franchisee and corporate level. AdvertisementBerkshire Hathaway CEO Warren Buffett has said he has a McDonald's card good for free food in his hometown of Omaha, Nebraska. AdvertisementBill Gates' McDonald's Gold Card reportedly entitles him to free food for life at any location. Burger KingBurger King started giving celebrities cards for a lifetime of free food in 2006 and had given out around a dozen by 2008, according to Ad Age.
Persons: , Olivia Rodrigo, Chipotle, Here's, McDonald's McDonald's, Berkshire Hathaway, Warren Buffett, Buffett, Rob Lowe, Lowe, David Peterson, McDonald's, Sen, Mitt Romney, Romney, George Romney, Ray Kroc, Bill Gates, Stephanie Perdue, Perdue, Chris Nikic, Roy Murray, Tony Hawk, Big Sean, Addison Rae, Abby Wambach, Candice Beck, Ozzy Osbourne, Burger, Burger King Burger King, Jennifer Hudson, Hugh Laurie, didn't, George Lucas, Robert Downey Jr, Jay Leno, Burger King, Ed Sheeran, Jack Whitehall, Nando's, Dunkin, Novak, DunKing Ben Affleck, that's Organizations: Service, Business, Berkshire, Wall Street, Brand, Burger King, Ad, BK Locations: Omaha , Nebraska, Santa Barbara, Goleta , California, Santa, Chipotle, Burger
Three-Stock Lunch: McDonald's, Adobe and Ulta
  + stars: | 2024-03-15 | 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 EmailThree-Stock Lunch: McDonald's, Adobe and UltaBoris Schlossberg, BK Asset Management managing director of FX strategy, joins 'Power Lunch' to discuss his investing take on three stocks: McDonald's, Adobe and Ulta.
Persons: Boris Schlossberg Organizations: Adobe, BK Asset Management
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBoris Schlossberg on Zoom: 'It has a chance to really shine going forward'Boris Schlossberg, BK Asset Management managing director of FX strategy, joins 'The Exchange' to discuss how to trade Lowe's, Workday, and Zoom Video.
Persons: Boris Schlossberg Organizations: BK Asset Management
A British accountant became a millionaire overnight after he and his wife won around £61 million ($78 million). The press release said that he would work until the end of the UK tax year, on April 5. Debbie Nuttall handed in her notice for her job as a civil engineer after finding out about the win, the press release said. AdvertisementRichard's decision to stay in work to wrap things up is a change when looking at lottery winners of the past. Emily Irwin, a financial advisor to lottery winners, previously told BI that winners have the best chance at protecting their winnings by forming a team of advisors and avoiding overspending.
Persons: , wouldn't, Richard Nuttall, Debbie, Nuttall, Debbie Nuttall, Richard, Ben King, Emily Irwin, Irwin Organizations: Service, National Lottery, Daily Mail, Sky News, BMW Locations: British, Canary, Portugal
3-Stock Lunch: AMZN, WBA & LLY
  + stars: | 2024-02-21 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email3-Stock Lunch: AMZN, WBA & LLYBoris Schlossberg, BK Asset Management managing director of FX Strategy, joins 'Power Lunch' to discuss stock plays for three stocks including; Amazon.com, Walgreens and Eli Lilly.
Persons: Boris Schlossberg, Eli Lilly Organizations: BK Asset Management, FX, Walgreens
JPMorgan initiates Light & Wonder as outperform JPMorgan initiated the Australian gambling company with an overweight and said it has earnings momentum. Evercore ISI reiterates Meta as outperform Evercore said it's bullish on Meta heading into earnings later this week. " Evercore ISI reiterates Amazon as outperform Evercore said it's bullish heading into Amazon earnings later this week. We are upgrading Bank of America (BAC) to OW from EW, upgrading Citigroup (C) to OW from UW, upgrading Goldman Sachs (GS) to OW from EW, and upgrading BNY Mellon (BK) to EW from UW. Bank of America reiterates Uber as buy Bank of America raised its price target on the stock to $73 per share from $68.
Persons: Oppenheimer, Raymond James, CrowdStrike, Mizuho, Evercore, it's, Morgan Stanley, Instacart, Morgan, Goldman Sachs, Raymond James downgrades, McDonald's, Wells, Baird, Tesla, TSLA, BTIG, Jefferies, Masimo, MASI, Uber Organizations: Accenture, Mizuho, JPMorgan, Morgan Stanley, Bank of America, Citi, Citigroup, BNY Mellon, BK, UW, Trust, AMD, Salesforce Inc, UBS, Spotify, sss, Western Alliance, WAL, Boeing, Olema Oncology, Breast Cancer, " Bank of America, Netflix, Seaport Locations: OW, UW, Wells Fargo
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBullish on Yen on a 12-month view given Japan's economic trend: StrategistKathy Lien of BK Asset Management expects 'significant' unwinds in Yen carry trade in 2024 as the Bank of Japan is expected to tighten monetary policy while other major central banks are likely to cut rates.
Persons: Kathy Lien, Yen Organizations: BK Asset Management, Bank of Locations: Yen, Bank of Japan
Burger King is trying to claw its way ahead in the competitive U.S. burger market through investments in remodels, advertising and new products. Photo: Justin Sullivan/Getty ImagesYour local Burger King might look a bit fresher, faster, following a $1 billion deal announced by BK parent Restaurant Brands International. The fast-food holding company is buying its biggest U.S. Burger King franchisee, Carrols Restaurant Group , partly to try to speed up remodels of older domestic restaurants, it said. RBI said Tuesday that it will pump $500 million into remodeling roughly 600 of Carrols’s BK locations, aiming to wrap up the remodels by 2028, faster than the franchisee would’ve done on its own.
Persons: Burger King, Justin Sullivan, Burger Organizations: BK, Brands, Burger King, Carrols, Group, Carrols’s BK
3-Stock Lunch: ULTA, PARA & BTC
  + stars: | 2023-12-01 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email3-Stock Lunch: ULTA, PARA & BTCBoris Schlossberg, BK Asset Management, joins ‘Power Lunch’ to discuss three stocks: Ulta Beauty, Paramount and Bitcoin.
Persons: BTC Boris Schlossberg Organizations: BTC, BK Asset Management, Paramount
BNY Mellon to raise minimum wage, add mental health benefits
  + stars: | 2023-12-01 | by ( ) www.reuters.com   time to read: +1 min
A BNY Mellon sign is seen on their headquarters in New York's financial district, January 19, 2011. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNEW YORK, Dec 1 (Reuters) - BNY Mellon (BK.N) will increase its minimum wage next year to $22.50 an hour from $20 and expand mental health benefits for employees, the bank said in a statement on Friday. Bank of America (BAC.N) raised its minimum hourly wage to $23 in October, heading toward a goal of $25 by 2025. BNY Mellon will also expand its mental health benefits to cover 12 therapy sessions a year, expanding from five currently. "We want our employees to feel valued and know that they are being compensated competitively," said Sharyn Jones, BNY Mellon's global head of talent.
Persons: Brendan McDermid, BNY Mellon, Sharyn Jones, Lananh Nguyen, Sharon Singleton Organizations: REUTERS, BNY, Bank of America, Thomson Locations: New, U.S
Jefferies upgrades Pinterest and Snap to buy from hold Jefferies sees growth upside in 2024 for both stocks. " Wolfe upgrades Ally Financial to outperform from peer perform Wolfe said in its upgrade of the financial company that it's well-positioned. "In an environment where the probability of a mild recession or soft landing both appear plausible, we believe ALLY is well positioned to outperform in either scenario and upgrade shares to Outperform." "We continue to believe that Salesforce is on track to become the next quality [growth at a reasonable price] stock." Goldman Sachs reiterates Snowflake as buy Goldman Sachs stood by its buy rating on Snowflake after earnings on Wednesday.
Persons: Berenberg, Eli Lilly, Lilly, Wells, BTIG, Jefferies, Bernstein, Burger, Wolfe, TD Cowen downgrades Okta, Cowen, Stifel, Raymond James, Morgan Stanley, Bilibili, BILI, Baird, Pat Shanahan, Wells Fargo, Salesforce, Goldman Sachs, Snowflake, DUK Organizations: pharma, Nvidia, NVIDIA, Jefferies, SNAP, BK, UBS, Service Corporation, Deutsche Bank, Lattice Semiconductor, Apple, JPMorgan, Nokia, Infineon, Watch, Hewlett Packard Enterprise, Barclays, GE Healthcare, Airbus, Bank of America, Duke Energy, HSBC, Molson Coors Locations: FTCH, North America, China
The logo of Industrial and Commercial Bank of China (ICBC) is seen at its branch at its headquarters in Beijing, China, March 30, 2016. The attack impeded trading in the $26 billion Treasury market and has left users of the bank's U.S. arm skittish about trading with the bank, the report said, citing people familiar with the matter. ICBC (601398.SS) did not immediately respond to Reuters' request for a comment. ICBC's U.S. arm was hit by a ransomware attack earlier this month. Reporting by Pritam Biswas in Bengaluru; Editing by Shilpi MajumdarOur Standards: The Thomson Reuters Trust Principles.
Persons: Kim Kyung, BNY Mellon, Pritam Biswas, Shilpi Majumdar Organizations: Industrial, Commercial Bank of China, REUTERS, Bloomberg, Reuters, Thomson Locations: Beijing, China, U.S, Bengaluru
CNN —Chelsea manager Emma Hayes says her team was “robbed” of a win after controversial refereeing decisions overshadowed her side’s entertaining 2-2 draw against Real Madrid in the Women’s Champions League group stage on Wednesday. Firstly, a questionable penalty was awarded to Madrid in the 78th minute and then a last-minute winner was ruled out for offside. “I think we’ve been robbed of what should have been a 3-1 game,” Hayes said after the match. With Chelsea dominating proceedings, referee Frida Klarlund awarded Real Madrid the penalty after Blues defender Jessie Fleming brought down Athenea del Castillo. Real Madrid manager Alberto Toril said he was pleased with the performance and result against Chelsea.
Persons: Emma Hayes, , , ” Hayes, OIga Carmona’s, Millie Bright, Niamh Charles, Sam Kerr, Misa Rodríguez –, Frida Klarlund, Jessie Fleming, Athenea del, Isabel Infantes, Carmona, Hayes, Jessie, Fleming, shouldn’t, ’ Chelsea, Lauren James, Charles, Kerr, Niamh, Sam, Alberto Toril Organizations: CNN, Chelsea, Real Madrid, Women’s Champions League, Reuters, Real, Super League, Madrid’s, Blues, Athenea, Getty, US, National, ” Chelsea, UEFA, Madrid, BK Häcken, Paris FC Locations: Madrid, Spanish, Real Madrid, Athenea del Castillo, she’s, European
[1/2] The logo of Barclays bank is seen on glass lamps outside of a branch of the bank in the City of London financial district in London September 4, 2017. The SEC central clearing rule, first proposed in September last year, would apply to the cash Treasury and repurchase agreements (repo) markets, where banks and other players such as hedge funds borrow short-term loans backed by Treasuries. "This creates a potential single-point of failure risk as recent events illustrate," he said, referring to the ICBC hack. Abate also flagged cybersecurity risks for direct members of the FICC, as well as clients they sponsor to access the clearing platform, saying mandatory central clearing could make FICC "a fortress with many doors." The SEC is expected to finalize the rule early next year, said Barclays, but it is unclear how much time the industry would have to implement it and whether central clearing will occur simultaneously for Treasuries and repo transactions.
Persons: Toby Melville, Joseph Abate, ICBC, BNY Mellon, Abate, DTCC, Treasuries, Davide Barbuscia, Marguerita Choy Organizations: Barclays, REUTERS, U.S . Securities, Exchange Commission, Commercial Bank of China's, SEC, Treasuries, Corporation, Depository Trust, Clearing Corporation, U.S . Treasury, Reuters, Thomson Locations: City, London, Commercial Bank of China's U.S, U.S
ICBC Financial Services could not be reached for comment. It said it had cleared Treasury trades executed on Wednesday and repo financing trades done on Thursday. While market participants and officials have said the impact of the ICBC hack on Treasury market functioning was limited, the full extent of it is not yet understood. The hack is likely to become a key topic of conversation at a major Treasury market conference on Nov. 16. ICBC told market participants Friday that they were also hoping to have a secondary email system set up soon.
Persons: Kim Kyung, BNY Mellon, ICBC, Moxfive, Darrell Duffie, Duffie, BNY, SIFMA, Paritosh, Edward Tobin Organizations: Industrial, Commercial Bank of China, REUTERS, Commercial Bank of China's, Treasury, ICBC Financial Services, Reuters, ICBC, Securities, Exchange, Stanford, ICBC Financial, Treasuries, Thomson Locations: Beijing, China, Commercial Bank of China's U.S, New York, Wall
It said it had cleared Treasury trades executed on Wednesday and repo financing trades done on Thursday. While market participants and officials have said the impact of the ICBC hack on Treasury market functioning was limited, the full extent of it is not yet understood. Nevertheless, market participants said the attack is likely to add a new aspect to the regulatory review, as it brings cyber threats into sharper focus. The hack is likely to become a key topic of conversation at a major Treasury market conference on Nov. 16. ICBC told market participants Friday that they were also hoping to have a secondary email system set up soon.
Persons: Kim Kyung, BNY Mellon, ICBC, Moxfive, Darrell Duffie, Duffie, BNY, SIFMA, Paritosh, Edward Tobin Organizations: Industrial, Commercial Bank of China, REUTERS, Commercial Bank of China's, Treasury, ICBC Financial Services, Reuters, ICBC, Securities, Exchange, Stanford, ICBC Financial, Treasuries, Thomson Locations: Beijing, China, Commercial Bank of China's U.S, New York, Wall
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