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Read previewSome NATO countries are encouraging their allies to be bolder when it comes to sending their own soldiers to Ukraine. Many NATO countries have aided Ukraine since Russia launched its full-scale invasion in February 2022, by providing weaponry and training of troops. However, some Western and Ukrainian officials believe that training Ukrainian soldiers on their own territory would be more efficient, the FT reported. Instructors from the Norwegian Home Guard train alongside Ukrainian soldiers in Norway in August 2023. Kallas said that even if NATO soldiers were attacked by Russia while in Ukraine, it wouldn't automatically trigger Article 5, NATO's collective defense clause.
Persons: , Kaja Kallas, Jonathan Nackstrand, Kallas, It's, Volodymyr Zelenskyy, Kaja, Andrew Kravchenko Kallas, Emmanuel Macron, Macron, Antoine Gyori, Ingrida Šimonytė Organizations: Service, NATO, Business, Financial Times, Norwegian Home Guard, Getty, Ukraine, Estonia's, AP, Russia, Kremlin Locations: Ukraine, Russia, Estonia, Norway, AFP, Europe, Zhytomyr, France, Western, Lithuanian
There's one major thing the West could, but won't, do: kill all Russian banks' access to the Society for Worldwide Interbank Financial Telecommunications, or SWIFT. 'Russia's economy is in deep, deep trouble'Despite the West's frustration with how Russia's economy still appears to be holding up, the sanctions appear to be finally working. "In five years, you're going see a really disastrous slowdown in the Russian economy," said Portes, who called for stronger sanctions enforcement. AdvertisementIn April 2022, Russia's central bank governor Elvira Nabiullina warned Russia's reserves can't last forever. "A significant problem is that they are running out of foreign exchange reserves, and you can't create foreign reserves," Portes added.
Persons: , hasn't, SWIFT, Alex Capri, Richard Portes, Portes, Alexander Kolyandr, Elvira Nabiullina, Russia's Organizations: Service, West, Society, Worldwide Interbank Financial Telecommunications, Business, SWIFT, European Union, National University of Singapore, US Customs Service, London Business School, Carnegie Endowment, International Peace, Central Bank of Locations: Russia, Ukraine, Moscow, Russian, SWIFT, Capri, Asia Pacific, Europe, India, China, Central Bank of Russia, Russia's
She said her unit now aspires to train all of its workers in AI to get them ready "for the AI of the future," and she outlined some of the ways AI is helping bankers do their jobs. She said AI is reducing what she called "no joy" work. Some of the ways the bank thinks AI can come in handy are big and sweeping, while others are small by comparison. Broadly speaking, AI was a hot topic for other bank leaders at investor day, too. "You can't envision one app, one database, or one job where it's not going to help aid or abet."
Persons: Mary Erdoes, Jamie Dimon, it's
Muni bonds are beloved by wealthy investors because they offer income that's free of federal taxes. Muni bond ETFs and mutual funds, meanwhile, don't have a definite maturity date and their price can fluctuate while the investor is holding them. Liquidity needs are also a major factor, with individual bonds potentially being hard to sell if an investor has a cash need. Since these funds offer a fixed number of shares, they trade at a discount or premium to their net asset value. Some of these funds hold municipal bonds and are trading at sharp discounts to their net asset value, potentially making them an attractive purchase.
Persons: Kathleen McNamara, there's, muni, he'll, Beth Foos, James Ritzema, Baird, Jon Browne Organizations: Federal Reserve, UBS, tradeoffs Investors, SEC, Investors, Morningstar, RiverNorth Locations: Americas,
Read previewA "smoking gun" video of Sean "Diddy" Combs could help plaintiffs in other civil suits against him bolster their cases, an entertainment lawyer told Business Insider. In the video, a man appearing to be Combs shoves, drags, kicks, and throws an object toward Ventura in the hotel hallway. 'His career is effectively done'Ventura alleged in her November suit that Combs paid the defunct hotel $50,000 to obtain the surveillance footage. From the perspective of Combs' defense, Dowlatshahi said Combs' lawyers will probably try to settle the cases and advise Combs to cooperate with authorities. "His career is effectively done," Dowlatshahi told Business Insider.
Persons: , Sean, Diddy, Combs, Cassie Ventura, Ventura, Camron, Mills, Mills Sadat Dowlat, wouldn't, Meredith Firetog, Firetog, Cassie, Dowlatshahi Organizations: Service, CNN, InterContinental Hotel, Business, Associated Press, Mills Sadat, Wigdor LLP, Federal, DHS, Miami, Diddy Locations: Los Angeles, Ventura, Hollywood
And yet, when I'm in Mom Mode with my 7-year-old son, Oliver, I just can't hide the fact that I'm American. This kind of helicopter behavior is fairly common among American parents — but less so in France. French kids are always impeccably dressedIt may sound like French kids are running wild, but that's not the case — and their wardrobes are evidence of that. I've rarely seen French kids with screens (or sodas) at a restaurant. AdvertisementWe've learned that French kids usually snack only once per day, during "gouter" which is around 4:30 p.m., when they get out of school.
Persons: Oliver, I've, , that's, He's, he's, I'm, they're, iPads I've, Coke, We've Organizations: Service, Adidas Locations: Bordeaux, France, American, French
Another earnings report, another sell-off in extended trading for Palo Alto Networks . Palo Alto Networks Why we own it: We believe cybersecurity is a secular growth market as bad actors are relentless and companies simply cannot afford to not invest in defense. We believe Palo Alto Networks, in particular, is uniquely positioned to win due to its best-in-class tools and broad product portfolio that allows it to provide an all-encompassing "platform" solution to cybersecurity. This transaction was the largest in the history of Palo Alto Networks at nearly $150 million" of total contract value. Signage outside Palo Alto Networks headquarters in Santa Clara, California, U.S., on Thursday, May 13, 2021.
Persons: , Nikesh, billings, we'd, Arora, I'm, Jim Cramer's, Jim Cramer, Jim, David Paul Morris Organizations: Palo Alto Networks, Revenue, LSEG, billings, Palo Alto, Alto Networks, Cisco Systems, Billings, Palo, Healthcare, CNBC, Bloomberg, Getty Locations: Palo, billings, Palo Alto, Santa Clara , California, U.S
Einstein's general theory of relativity states that the curvature of space-time causes gravity. But zoom out to enormous scales like clusters of galaxies spanning billions of light years across, and the laws of Einstein's gravity theory appear to change. A 1% adjustment may not sound like a big deal, but it's enough to suggest that Einstein's theory may need a rethink. Now, with this cosmic glitch, there's a new explanation on the table. NASA/CXC/Univ of Missouri/M.Brodwin et al; NASA/STScI; JPL/CalTechThe fact that this cosmic glitch could potentially help astronomers resolve the Hubble tension is a good sign that it may truly exist.
Persons: , Albert Einstein's, Robin Wen, Wen, It's, shouldn't, Niayesh Afshordi, there's, Valerio Faraoni, Faraoni, Claire Lamman, DESI Organizations: Service, Business, Waterloo, University of Waterloo, University of British, ESA, Big Bang, NASA, of Missouri, JPL, CalTech, Bishop's University Locations: University of British Columbia
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewElon Musk's social media posts have a history of getting him into trouble — and Tesla's chair has admitted they sometimes catch her off guard, too. Robyn Denholm, the chair of Tesla's board, admitted to the Financial Times that she has had "tough conversations" with CEO Elon Musk over his social media posts and said that if she had her way, Twitter, now X, wouldn't exist. Denholm became Tesla's chair in 2018 after Musk stepped down following a settlement with the SEC over the billionaire's infamous "funding secured" tweet. AdvertisementTesla did not immediately respond to a request for comment made outside normal working hours.
Persons: , Robyn Denholm, Elon Musk, Denholm, Musk, you've, Tesla Organizations: Service, Elon, Financial Times, Twitter, Business, SEC, Wall Street Journal Locations: Delaware, Sydney
People should pay attention to the events in the Middle East from a humanitarian perspective but disregard them as investors, according to author Nassim Taleb. "I would say to investors to basically ignore what's going on in the Middle East and as an individual to worry," the "Black Swan" author told CNBC's Kelly Evans during an interview Monday on "The Exchange." "The connection between the markets and these events is completely unpredictable, even more unpredictable than the events themselves." In addition to his market work, Taleb is a Lebanese American essayist whose seminal work, "The Black Swan: The Impact of the Highly Improbable," warns against trying to predict the unpredictable. He largely has advocated an approach to investing that hedges against unusual events such as the financial crisis of 2008-09.
Persons: Nassim Taleb, CNBC's Kelly Evans, Taleb, Ebrahim Raisi, You've Organizations: Universa Investments, Dow Jones, JPMorgan Chase Locations: Lebanese American, Israel
Cramer's Lightning Round: 'Stay away' from Canada Goose
  + stars: | 2024-05-20 | by ( Julie Coleman | ) www.cnbc.com   time to read: +1 min
Stock Chart Icon Stock chart icon Abbott Laboratories' year-to-date stock performance. Stock Chart Icon Stock chart icon Nutanix's year-to-date stock performance. Stock Chart Icon Stock chart icon Dutch Bros' year-to-date stock performance. Stock Chart Icon Stock chart icon Canada Goose's year-to-date stock performance. Stock Chart Icon Stock chart icon MeiraGTx's year-to-date stock performance.
Persons: We're, doesn't, Let's, Jim Cramer's Organizations: Abbott Laboratories, Dutch Bros, Canada
That was the promise of Cerner, the medical-records company Oracle bought in 2021 for $28.3 billion — Oracle's biggest acquisition. At the time, Cerner managed the electronic health records for a quarter of all American hospitals, including those run by the Pentagon and the Department of Veterans Affairs. Larry EllisonCerner's electronic records, in short, were a deadly disaster for the VA. Never mind the futuristic, AI-driven healthcare system Ellison envisioned. In 2015, it beat out Epic, its main competitor, for a $4.3 billion contract to handle electronic health records for the Defense Department. It had agreed to process tens of millions of crucial medical records, but it couldn't handle the subsequent deluge of data.
Persons: Larry Ellison's, Ellison, Cerner, I'm, Larry Ellison, Neal Patterson, Cerner's, Patterson, Ellison's, they're, David Shulkin, Margaret Albaugh, Cerner couldn't, Charlie Bourg, , Larry, Marc Benioff, Ellison protégé, Mike Wilson, David Agus, oncologist, Agus, he'd, Steve Jobs, Sensei, We've, Georges De Keerle, Cerner —, hadn't, Mike Sicilia, Sicilia, Oracle, Anthony Jones Jr, Jones, Donald Remy, didn't, Seema Verma, Neil Evans, Sara Vaezy, Ed Meagher, haven't, Charlie Monroe —, it's, Charlie Bourg —, Bourg, Charlie Monroe, Monroe, Cathy McMorris Rodgers, grandkids, We're, there's Organizations: Oracle's, Oracle, Pentagon, Department of Veterans Affairs, Cerner, RAND Corporation, RAND, Big Tech, GE, Siemens, Cerner Corporation, Defense Department, Department of Defense, Business, Spokane, Ellison Institute of Technology, Microsoft, Agency, Health, Amazon, Veterans ' Affairs, Oracle Health, Navy, Columbus VA, BI, Life Sciences, Intermountain Health, UPMC, DOD, Seabees Locations: Las Vegas, antiaging, Silicon Valley, Spokane , Washington, Cerner, VistA, Bourg, Washington, Sicilia, Ohio, Columbus, Providence, Spokane, Monroe, CloudWorld
Oil services company Weatherford International is a ripe takeover target, according to Alexander Roepers, founder and chief investment officer at Atlantic Investment, who said the stock is set to soar. The Cambrian Fund at Atlantic Investment is up by about 40% over the past one year. The other two, Univar Solutions and West Rock, were acquired by private equity giant Apollo and Smurfit Kappa , respectively, resulting in significant gains for Atlantic Investment. SMDS-GB 1Y line Atlantic Investment ultimately sold its position, as they believed the company's value was between 450 and 500 pence. When asked about his approach to selling stocks, Roepers emphasized the importance of discipline.
Persons: Alexander Roepers, Weatherford, WFRD, Roepers, Kappa, Smith, I'm Organizations: Weatherford, Atlantic Investment, Schlumberger, Halliburton, London Value Investor Conference, Cambrian Fund, Value, Rheinmetall, Solutions, Investment Locations: Texas, Weatherford, Roepers, Ukraine, Atlantic, British, U.S
Read previewThis as-told-to essay is based on a conversation with Kyle Rice, a 38-year-old EMS provider based in Willmington, Delaware. I came across a job on a job board as a protocol architect for a project manager at an EMS software company. I live in Wilmington, Delaware, with my wife and two kids — 125 miles from the office. AdvertisementI earn more and save more by working a NYC jobI'd never consider relocating to NYC because it wouldn't be smart financially. Whenever the commute frustrates me, I remember how grateful I feel that I can pass through a handful of states on my way to work.
Persons: , Kyle Rice, Rice, I'd, I've Organizations: Service, Business, Amtrak, Newark Penn Station, World Trade Center Locations: Willmington , Delaware, New York City, Wilmington , Delaware, New York, New Jersey, Long, Wilmington, Newark, Delaware, NYC, Manhattan
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed just can't wait to cut interest rates, says Sri-Kumar Global Strategies presidentKomal Sri-Kumar, Sri-Kumar Global Strategies president, joins 'Squawk Box' to discuss the Federal Reserve's stance on inflation, whether the economy is moderating, and more.
Persons: Komal, Kumar Organizations: Kumar Global
Career coach Marlo Lyons told Business Insider that mindset is huge when betting on yourself, but it isn't everything. You can't really start an innovative bioengineering company without any background knowledge, and you don't need to go back to school to become an entrepreneur. Break it down week by week —what will you accomplish to hit your goals? I don't know how to do that. You don't know what you don't know along the path of building a business, so get comfortable admitting you don't have all the answers and even more comfortable finding out who to ask.
Persons: Marlo Lyons, aren't, Lyons, What's Organizations: Service, Center for American Progress, of Labor Statistics, Business
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewIn his early 20s, one of Eric Cooper's first bosses gave him some sound money advice: Contribute as much as you can to your 401(k). AdvertisementCooper maxed out his 401(k) for more than two decades and accumulated enough to retire in his late 40s. While there are a lot of restrictions, it made sense for Cooper, who was fully committed to early retirement. At some point, we're going to have to start spending that money, and the IRS is going to start taxing it," he said.
Persons: , Eric Cooper's, maxed, Cooper, maxing, I'm, Cooper maxed, Eric Cooper Organizations: Service, Business, Independence, IRS Locations: Louisville, I'm
There's so much personal finance advice out there, but as I settle into adult life, I rely more and more on the fundamentals my parents taught me. They taught me to save what I earnedIt's undisputed that saving money is smart, and it's true that you can find this particular financial advice anywhere. But this is another one of the key money lessons my baby boomer parents taught me. Being economical often gets a bad rap, but I think it's one of the most valuable money habits my baby boomer parents instilled in me, especially given the cost of living today. Now that I'm older and have more expenses, my experience and relationship with money influenced by my baby boomer parents have hopefully set me up for success.
Persons: I've, Organizations: Service
No one is laughing about Jayshree's company, either, as her white box solutions are beating Cisco Systems when it comes to the internet plumbing that connect Nvidia chips to the Titans. Last year at this time, Nvidia snuck into the U.S. trillion-dollar market cap club, with that May quarter. What does Nvidia really have to do then for an encore? Now we are getting into what Jensen does to beat expectations. Tall order, but Nvidia is a company that's beaten tall orders routinely we just didn't really know it until last May.
Persons: Jensen Huang, Jensen, Claude, let's, Blackwell, Andy Grove, Intel's, doesn't, — Jensen, Collette Kress, Mills, Eli Lilly, Jim Cramer's, Jim Cramer, Jim, Josh Edelson Organizations: Nvidia, Titans, Arista Networks, Microsoft, Meta, Cisco Systems, Google, Apple, Devices, Intel, Merck, Keytruda, Vision, AMD, Grove, Union Pacific, Club, GE, Jim Cramer's Charitable, CNBC, SAP Center, Afp, Getty Locations: San Jose , California
Business Insider has verified his identity and his use of two bots designed for gig delivery apps. I found this guy who writes some articles on gig work, and he talked about having access to bots for Instacart. AdvertisementThe biggest reason I purchased it was because you just have to keep refreshing the screen to get orders on Instacart. AdvertisementAn Instacart spokesperson told BI: "This shopper was deactivated from our platform for blatant and abusive violations of our terms of service." Do you work for Instacart, DoorDash, Walmart Spark, or another gig delivery service and have a story idea to share?
Persons: Ted Rosner, That's, Instacart, I've, it's Organizations: Service, Business, Walmart Locations: Washington, DC, Instacart, DoorDash
Kharkiv, Ukraine CNN —Thirty miles to the north, Russian forces are invading again. 00:41 - Source: CNNHotel manager Olha SokolenkoOlha Sokolenko, director of Kharkiv Palace Hotel, was in the hotel at the moment of the strike. This is my homeland.”Kharkiv’s mayorKharkiv's mayor, Ihor Terekhov, was elected just a few months before the Ukraine war broke out. To send signals both to Kharkiv residents who stay here that life goes on, and signals to those outside of Kharkiv that Kharkiv is a Ukrainian city and people live here.”Lomako explains that he and his partners traveled across the country to collect local recipes and techniques. Kharkiv theater goes undergroundThis theater in Kharkiv is one of several city institutions forced underground by the war.
Persons: Yuriy Sapronov, Sapronov, Chasiv Yar, , Yuriy, Daria Tarasova, ” Sapronov, Olha Sokolenko, Sokolenko, Olha, , Kolotay, Cristiano Ronaldo, Matviy, Mikhaylo Galushko, ” Galushko, Ihor Terekhov, Volodymyr Zelensky, ” Terekhov, Borys Lomako, “ It’s, ” Lomako, Lomako, Dmytro Gurov’s, Dmytro Gurov, CNN Gurov, Gurov, it’s, Oksana Stetsenko, ” Stetsenko, Neda Nezhdana Organizations: CNN, Ukraine CNN, Emergency Service, Soviet, Kharkiv, CNN Hotel, Hotel, ” FC Metalist Kharkiv Matviy Kolotay, FC Metalist Kharkiv, Hirnyk Sport, Coaches, FC Metalist, English, Everton, UEFA, Kharkiv's, Russia, Hyundai, Russian, Employees, Schools Locations: Kharkiv, Ukraine, Russian, Ukraine’s, Che, Russia, , Kaliningrad, Soviet Union, Soviet, Kyiv, Kremenchuk, Uzhhorod, Poltava, Ukrainian, Dnipro
The trick to getting ahead at work isn't being the fastest learner or the smartest in the room — it's having a positive attitude, says Amazon CEO Andy Jassy. Jassy, who took the top job at Amazon after Jeff Bezos stepped down in 2021, shared his "best career advice" in a new interview with LinkedIn CEO Ryan Roslansky. "I think an embarrassing amount of how well you do, particularly in your 20s, has to do with attitude," Jassy, 56, said. Having a positive attitude means you work well on a team and honor deadlines, among other strengths. Regardless of where you're at in your career, having a positive attitude can help you build stronger relationships in the workplace.
Persons: isn't, Andy Jassy, Jassy, Jeff Bezos, Ryan Roslansky, It's, Jeff Organizations: Amazon, Research, CNBC
AdvertisementWhen I received the email stating that my position had been eliminated, I was already on my way to work. Camping in the car parkI worked really hard while I was at Tesla and wanted to be as efficient and productive as possible. In 2021, I started sleeping in my car and showering in the factory to avoid my lengthy commute. AdvertisementI was camping in the car between my work shifts for a whole year. I worked hard for them, but that does not mean I plan to give up being a hard worker.
Persons: , Nico Murillo, Tesla, doesn't, I'd, I've, It's Organizations: Service, Tesla, Business Locations: Fremont , California, GNC
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
Read previewFilmmaker George Miller opened up about the on-set feud between "Mad Max: Fury Road" stars Tom Hardy and Charlize Theron in an interview with The Telegraph. AdvertisementThe 79-year-old Academy Award-winning director, who has returned to the franchise to direct the prequel, "Furiosa: A Mad Max Saga," added that he "saw their behavior as mirroring their characters, where they had to learn to co-operate to ensure mutual survival." Charlize Theron and Tom Hardy in "Mad Max: Fury Road" (2015). Tom Hardy and Charlize Theron. "You have to be obsessive about safety – physical safety, as the shoot goes on and fatigue sets in, but also psychological safety," he said.
Persons: , George Miller, Max, Tom Hardy, Charlize Theron, Hardy, Theron, Miller, Tom, Charlize, Kyle Buchanan's, Furiosa, Max Rockatansky, Mark Goellnicht, Goellnicht, Warner, Anya Taylor, Joy, Chris Hemsworth Organizations: Service, The Telegraph, Business, Warner Bros, Fury, Fair, Telegraph Locations: Australian
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