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☆ These stocks and ETFs could benefit from AI's voracious appetite for energy
▼ + stars: | 2024-05-18 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

XLU 1M mountain Utilities stocks have risen sharply in May. Woodard identified other ETFs and stocks that could benefit from increased energy consumption and investment in the electric grid. Miners should retain pricing power given constrained capacity after a decade of underinvestment," the Bank of America note said. Bank of America is positive on the Global X Uranium ETF (URA) , which offers exposure to both physical uranium and miners. Bank of America did not include a utilities ETF in the note, but the firm has a buy rating on Xcel Energy, among such stocks.

Persons: Jared Woodard, Woodard, ruddy, — CNBC's Michael Bloom Organizations: Bank of America . Investment, Utilities, Bank of America, Miners, Companies, VanEck Oil Services, Halliburton, Uranium, Xcel Energy Locations: Freeport, McMoRan

☆ The best fashion at Cannes Film Festival so far
▼ + stars: | 2024-05-16 | by ( Leah Dolan | ) edition.cnn.com time to read: +2 min

Gisela Schober/German Select/Getty ImagesGreta Gerwig in Armani Privé, May 15. Gisela Schober/German Select/Getty ImagesAnya Taylor-Joy in Dior couture, May 15. Gisela Schober/German Select/Getty ImagesSabrina Dhowre Elba in Fendi couture, May 15. Lionel Hahn/Getty ImagesJuilette Binoche in Dior couture, May 14. Gisela Schober/German Select/Getty ImagesMeryl Streep in Dior couture, May 14.

Persons: “ Barbie, Greta Gerwig, Lily Gladstone, James Bond, Eva Green, Juan Antonion Bayon, Ebru Ceylan, Francis Ford Coppola’s, “, ”, Adam Driver, Aubrey, Mad Max, Anya Taylor, Lanthimos, Emma Stone, Hunter Schafer, Joe Alwyn, Margaret Qualley, Keke Palmer, We’ve, Taylor, Joy, Naomi Campbell, Pascal Le Segretain, Chanel, Gisela Schober, Armani Privé, Sabrina Dhowre Elba, Ernesto Ruscio, Cindy Bruna, Samir Hussein, Vicky Krieps, Lionel Hahn, Meryl Streep, Dior, Mike Marsland, Neilson Barnard Organizations: CNN, haute, Getty Locations: Spanish, Turkish, France, Armani, couture, Fendi couture, Laruicci, Bottega Veneta, Dior couture, Gucci, Maison Margiela

☆ Peloton's demise is another in a long line of failed fitness fads
▼ + stars: | 2024-05-15 | by ( Emily Stewart | ) www.businessinsider.com time to read: +11 min

Peloton isn't going under imminently, but let's be real here: No fitness fad lasts forever. While there was a lot that went wrong, the long and short of it is that Peloton failed to read the room on its pandemic popularity. "It's not that Peloton isn't a good business model; it's that it simply isn't a mass product but more of a niche, luxe one," she said. Investors have soured on the company, and Peloton's once $50 billion market cap has fallen to under $2 billion. It also has to contend with the gym, which has all sorts of classes and fitness equipment that let people mix things up, including, in many cases, Pelotons or other connected-fitness devices.

Persons: I've, Tae, monthslong, Rina Raphael, Simeon Siegel, It's, That's, Siegel, Paul Golding, it's, Golding, there's, Raphael, Natalia Mehlman Petrzela, Emily Stewart Organizations: Private, BMO Capital Markets, Macquarie Capital, Google, YouTube, New School, Facebook, Business Locations: COVID, unsubscribing, Barre, America

Sam Altman, CEO of OpenAI, attends the 54th annual meeting of the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024. On Friday, advanced nuclear fission company Oklo, for which Sam Altman serves as chairman, started trading on the New York Stock Exchange. Oklo's business model is based on commercializing nuclear fission, the reaction that fuels all nuclear power plants. "I don't see a way for us to get there without nuclear," Altman told CNBC in 2023. It's not Altman's only foray into nuclear energy or other infrastructure that could power large-scale AI growth.

Persons: Sam Altman, Altman, Oklo, Bill Gates, Jeff Bezos, Jacob DeWitte, hasn't, we've, DeWitte, It's, Helion, OpenAI Organizations: Economic, New York Stock Exchange, AltC, U.S . Air Force, Microsoft, Amazon, CNBC, U.S . Nuclear Regulatory Commission, NRC, DeWitte, Nvidia Locations: Davos, Switzerland, Idaho, OpenAI's San Francisco, U.S, Saudi Aramco, Rain

☆ The EV market isn't in peril. It's just changing.
▼ + stars: | 2024-05-08 | by ( Nora Naughton | ) www.businessinsider.com time to read: +4 min

The rate of EV sales has been slowing for about a year, major automakers have pulled back on their previously lofty EV goals, and even electric car-giant Tesla is faltering. Demand for electric vehicles hasn't dried up completelyDemand for expensive EVs has softened significantly, but an opening exists in the affordable market. A new generation of electric car shoppers are looking for different options than their early-adopting counterparts. Essentially every major automotive company at this point has built its future around selling more electric vehicles. The real divide here is not between hybrids and EVs, but between legacy car companies and EV-only startups.

Persons: —, it's, Power, It's, Elon Musk Organizations: Service, Business, EV, Companies, Ford, GM Locations: EVs

☆ Today's 'pain trade' is a rapidly rising market catching many investors off-guard
▼ + stars: | 2024-05-07 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

A rapidly rising market has caught a lot of investors off-guard. He loves to watch what he calls the "pain trade," the move in the markets that would catch the largest number of active investors off-guard. Surveying Monday's late-day rally on the floor, Anderson looked up at the NYSE boards and said, "the pain trade is up." The S & P 500 is now within 1.4% of its old closing high of 5,254 from March 28th. The STOXX Europe 600, essentially the S & P 500 of Europe, is also less than 1% below an historic high.

Persons: Tim Anderson, Anderson, It's, Nicholas Colas, DataTrek, Ingersoll Rand, Parker, Hannifin, it's, Alec Young, MAPsignals.com Organizations: MND Partners, NYSE, Nasdaq, Utilities, Reuters, Southern Company, EatoN Corp Locations: Europe, industrials

☆ Peloton's CEO steps down as the company cuts 15% of staff
▼ + stars: | 2024-05-02 | by ( Grace Dean | ) www.businessinsider.com time to read: +2 min

Peloton CEO Barry McCarthy is stepping down, the fitness company announced on Thursday. After reaching new highs during the pandemic, the company has recalled products, laid off workers, and seen sales and its stock tank. McCarthy replaced John Foley as Peloton CEO and president in February 2022. But since then, the company has recalled products, laid off thousands of workers, and seen sales and its stock tank. It posted a net loss for the quarter of $167.3 million, down from $275.9 million for the same quarter in 2023.

Persons: Barry McCarthy, —, McCarthy, John Foley, Karen Boone, Chris Bruzzo Organizations: Service Locations: Ohio

☆ Opinion | Taylor Swift Needs to Become Other People
▼ + stars: | 2024-04-26 | by ( Ross Douthat | ) www.nytimes.com time to read: +3 min

Which are the 12 best songs — not just in absolute terms, but in terms of the whole (the album) being constructed out of the parts (the songs)? Which of these songs do they want to play live dozens of times on their upcoming concert tour? For a very different analysis of Swift, consider these comments on X from Katherine Boyle, an Andreessen Horowitz venture capitalist, repurposing a take she offered in 2023. In our cultural environment, Boyle argues, being prolific is everything: “You can’t cede ground to competitors. If Taylor writes 31 songs and 3 are memorable, she’s written three epic songs.

Persons: ”, Taylor Swift’s, Swift, you’re, —, Damon, Bruce Springsteen, Springsteen, Katherine Boyle, Andreessen Horowitz, Boyle, ” Boyle, Taylor

☆ Charles Schwab's Liz Ann Sonders expects the relief rallies in 2023's sector darlings will continue
▼ + stars: | 2024-04-23 | 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 EmailCharles Schwab's Liz Ann Sonders expects the relief rallies in 2023's sector darlings will continueLiz Ann Sonders, Charles Schwab chief investment strategist, joins 'Closing Bell' to discuss markets, the market pullback and bounce and what it means for her outlook.

Persons: Charles Schwab's Liz Ann Sonders, Liz Ann Sonders, Charles Schwab

☆ The man who led Google Photos to 1 billion users is now the newest group partner at Y Combinator
▼ + stars: | 2024-04-18 | by ( Melia Russell | ) www.businessinsider.com time to read: +7 min

Lieb, having a background in semiconductors and not server management, reached out to his fellow Y Combinator founders for support. After a year and a half of advising at the accelerator, he's stepping up as a group partner, Y Combinator tells Business Insider exclusively. It was never released, but many of the ideas would later come back in the form of Google Photos. From there, he reached into the Y Combinator alumni network to find other promising upstarts. David Lieb, second from left, speaks to a group of Y Combinator founders.

Persons: David Lieb, Lieb, Alex Polvi, Combinator —, Garry Tan, Jared Friedman, Harj Taggar, Michael Seibel, Sam Altman, it's, Y Combinator, " Lieb, Dan Lieb, Y, Xoogler, Patrick, John Collison's, Mixpanel, Jake Mintz, Forbes, Kevin Systrom, Flock, Andy Huibers, Mary, 72m2YgJZq8 — David Lieb, Ryan Peterson, He's Organizations: Apple, Business, Investors, Google Locations: Cloudkick, San Francisco, Silicon Valley, Flexport

☆ DJ Burns Jr.: March Madness star is leading a surprising Final Four run and earns praise from Nikola Jokić
▼ + stars: | 2024-04-04 | by ( Ben Morse | ) edition.cnn.com time to read: +7 min

11 NC State to the Final Four of the 2024 NCAA men’s tournament, beating a host of highly-seeded teams on the way to a semifinal spot. The NC State star grew up around people from different backgrounds, with his grandmother running a foster home and his parents taking in other children from unstable homes. But, with Burns at center and the team’s underdog mentality, they have shocked the college basketball scene. “I was raised in a happy environment,” the NC State told reporters. While becoming an internet sensation throughout March Madness, Burns' competitve nature has helped NC State to some impressive victories.

Persons: DJ Burns Jr, it’s, – Burns, Duke, Burns, Nikola Jokić –, Burns –, ” Jokić, “, That’d, ” It’s, Jim Nagy, Peter Schrager, Robert Jennings, Tim Nwachukwu, Burns wasn’t, Takela, ”, Dwight Sr, ” Burns, ” Takela, Andy Hancock, Marquette, Duke –, Carmen Mandato, “ He’s, Joe Sargent Organizations: CNN, State, NCAA, NFL, Senior Bowl, Fox Sports, Texas Tech Red Raiders, North, York Preparatory Academy, WRAL, NC State, Rock, Rock Hill Herald, University of Tennessee, Winthrop University, Big South, NC, Wolfpack, Texas Tech, Oakland, Duke, CBS Sports, Getty, Devils, Purdue Locations: North America, Hill , South Carolina, South Carolina, York County, Rock Hill, Oakland

☆ 5 Black Country Artists on Beyoncé's 'Cowboy Carter'
▼ + stars: | 2024-03-28 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +16 min

Just one week later, it topped the Hot 100, even though some country radio stations initially refused to play it. Many Black artists creating country music have already seen major boosts in streaming numbers. "There are a lot of Black people who love country music, that have been afraid to say that they love country music, even afraid to make country music." Ice breakers: In the six weeks since Beyoncé dropped the two lead singles from "Cowboy Carter," Shaboozey has felt a palpable uptick in attention surrounding Black country artists. Listen to a roundup of key tracks by Black country artists on Business Insider's Spotify.

Persons: Lil Nas, Beyoncé, Carter, It's, she's, Pablo, Don, gatekeepers, Billboard's Kyle Denis, Cowboy Carter, Tanner Adell, Chase Foster, Tanner, Adell, Josh Turner, Shania Twain, Texas, doesn't, Queen Bey, Buckle, Luke Combs, Daniel Prakopcyk, Shaboozey, Collins Chibueze, Southern, Marty Robbins, Woody Guthrie, I've, Kashus Culpepper, Buffalo Kin, Valerie June, Brittany Howard, Breland, Henry Ammann, Nelly, Tim McGraw, Daniel Gerard Breland, Nashville darlings, Thomas Rhett, Keith Urban, Blanco Brown, Blanco, Brown, Tim McGraw's, he's, He's, Tiera Kennedy, Alexa Campbell, Tiera, Kennedy, Dolly Parton, Johnny Cash, who've Organizations: Chicks, Business, Dallas Cowboys, Buffalo, BI, Nashville, LaFace Records, Buffalo Wild Wings, Spotify Locations: Texas, Houston, Nashville, Kentucky, California, Wyoming, Church, Star Valley , Wyoming, Plano, Beverly, Virginia, America, New Jersey, Atlanta, Butler , Georgia, Alabama

☆ Dating Apps Have Hit a Wall. Can They Turn Things Around?
▼ + stars: | 2024-03-12 | by ( J. Edward Moreno | ) www.nytimes.com time to read: +1 min

As online dating became as easy as swiping a finger across your phone screen, the companies who own apps like Tinder and Bumble became Wall Street darlings. But about a decade later, those platforms are now struggling to live up to expectations, and investors have grown frustrated and eager for something new. Match Group and Bumble — which make up nearly the entire industry by market share — have lost more than $40 billion in market value since 2021. Even in an age when the apps are a staple on people’s smartphones, the two companies are laying off workers and reporting lackluster revenue growth. Both companies have recently brought on leaders who have vowed to experiment with new features, hoping to capture the growth investors crave.

Persons: Bumble, daters, TikTok, they’re Organizations: Match

☆ Pharmaceutical companies behind weight-loss drugs are slimming down a new target: The Magnificent 7
▼ + stars: | 2024-03-08 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at pharma companies' surging stocks and threatening tech darlings thanks to their weight-loss drugs. And it comes despite only 1% of US adults taking weight-loss drugs, according to Bank of America , which predicts that number could rise to 15% by 2035. Weight-loss drugs are also cutting more than just fat. For Wall Street, meanwhile, the equation is much simpler: Getting more people on weight-loss drugs boosts the economy. The trend, which will be powered by cash-rich mega-cap tech companies, is thanks to strong earnings growth, the bank said.

Persons: —, Joe Biden, Donald Trump —, Trump, Zhan, Eli Lilly, Tesla, Hannah Latham, Octavio Jones, Christian Rodriguez, Laura MacPherson, Jenny Chang, Rodriguez, they're, Goldman Sachs, Biden, Barry Sternlicht, Fernando Gutierrez, It's, Elon Musk, TikTok, Pete Ryan, RJ Scaringe, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Service, pharma, Business, Tesla, Microsoft, JPMorgan, Pfizer, Novo Nordisk, Bank of America, Nvidia, Companies, Fed, Infrastructure Investment, Alpha, Commission, Elon, EV, Nike, Congress, White, Meta, SXSW Locations: China, US, New York, London

☆ India’s booming tech sector suffers a big blow as Byju’s and Paytm plunge into crisis
▼ + stars: | 2024-03-07 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +2 min

A subsequent audit "revealed persistent non-compliances and continued material supervisory concerns in the bank," the central bank said on Jan. 31. Yet to be profitable, Paytm is also reportedly being probed by the federal anti-fraud agency on possible violations of foreign exchange laws. On Feb. 26, One97 Communications, the parent company of Paytm, said in an exchange filing that founder and CEO Vijay Shekhar Sharma had resigned from the board of Paytm Payments Bank. During the pandemic, Paytm capitalized on the digital payments boom in India, reporting a 3.5 times growth in transactions. SoftBank and Ant Group are now reportedly cutting their stakes in the payments company, according to local media.

Persons: Anindito Mukerjee, There's, Karan Mohla, Paytm, Vijay Shekhar Sharma, SoftBank Organizations: Bloomberg, Getty, B Capital, Reserve Bank of India, One97 Communications, Paytm Payments, Alibaba, Ant, Ant Group Locations: Greater Noida, India

☆ Analysts love these value stocks, giving 4 more than 30% upside
▼ + stars: | 2024-03-07 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Growth stocks have often been investor darlings — the S & P 500 is driven by stocks in sectors like tech. Value stocks are less popular. But many growth stocks are also becoming expensive, prompting some investors to turn to value stocks. Goldman Sachs also recently highlighted value stocks that stand out for their cheap valuations compared with earnings growth prospects. Those interested in value stocks can consider the following from CNBC Pro's screen of the Vanguard Value ETF.

Persons: darlings, Brian Szytel, Szytel, Goldman Sachs, Baker Hughes, Properties Organizations: Group, CNBC, Vanguard, AES Corporation, Halliburton Company, AES, Royalty Pharma

☆ Tech insiders are cashing out during the AI-fueled stock rally
▼ + stars: | 2024-03-06 | by ( Yun Li | ) www.cnbc.com time to read: +4 min

Nvidia Nvidia is the leader of the pack with shares surging more than 70% year to date, following a nearly 240% advance last year. A number of directors at the company sold shares in late February amid the fierce rally. NVDA 1Y mountain Nvidia Nvidia has been the primary beneficiary of the recent technology industry obsession with large artificial intelligence models, which are developed on the company's pricey graphics processors for servers. Meta Platforms Meta CEO Mark Zuckerberg trimmed his stake in separate sales over the past week. Satya Nadella (CEO) sold 1,300 shares on March 1 Bradford L. Smith (vice chair and president) sold 48,300 shares in early February.

Persons: Mark Stevens, Michael McCaffery, Mark Perry, Harvey Jones, Mark Zuckerberg, Zuckerberg, Meta's, Sherman Tuan, George Kao, Don Clegg, Lisa Su, Darla M, Smith, Mark Papermaster, Satya Nadella Organizations: Nvidia, Nvidia Nvidia, Microsoft, Whirlpool, AMD, Microsoft Microsoft, Bradford, Amazon Web Services

☆ This one-time cybersecurity darling is hitting a rough patch. How to profit from its slide
▼ + stars: | 2024-03-05 | by ( Nishant Pant | ) www.cnbc.com time to read: +3 min

The Trade Setup: PANW 305-300 Bear Put Spread The trade structure I am using here is called a "bear put spread" also known as a "put debit spread". To construct my bear put spread, I need to buy a $305 put and sell a $300 put as a single unit. Most trading platforms will offer a bear put spread (or long put spread) as a trade type and automatically construct the trade for you. THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: I've, PANW, Nishant Pant Organizations: Nasdaq, Palo Alto Networks, Elliott, Mar Locations: Palo

☆ This Big Tech stock has an 'absolutely compelling' valuation, top fund manager says
▼ + stars: | 2024-02-28 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

However, the company's revenues and profits have surged since then, and one outperforming fund manager sees the current valuation as a buying opportunity. Alibaba shares are traded in the U.S., Hong Kong and Germany. BABA 1Y line The slump in the company's share price came amid concerns of an economic slowdown in China and increased regulation of the internet sector by authorities in Beijing. Alibaba's cheap share buyback Lapping also pointed to the impact of Alibaba's share buyback program as distinct compared to many richly valued U.S. tech darlings. However, with its share price now 65% off its peak, Alibaba's compensation costs have dwindled dramatically.

Persons: Sean Peche, BABA, It's, Andrew Organizations: Ranmore Fund Management, Wall Street, Tech, Ranmore Global Equity Fund Locations: China, U.S, Hong Kong, Germany, Beijing

☆ Caitlin Clark: Iowa’s NCAA record-breaking basketball supernova who everyone is talking about
▼ + stars: | 2024-02-28 | by ( Ben Morse | ) edition.cnn.com time to read: +10 min

In her third season with the team, Iowa reached its first ever NCAA women’s basketball national championship game, though the Hawkeyes eventually lost to LSU. Jensen remembers Clark saying, “Now, what else can we do?” moments after becoming the all-time top scorer in collegiate women’s basketball. I would love to see that.”Clark signs an autograph after becoming the all-time NCAA women's college basketball top scorer. Matthew Putney/APWhat is undeniable are the eyeballs Clark has brought to college women’s basketball. Reese's gesture toward Clark during the second half of the 2023 NCAA women’s basketball national championship game became one of the biggest talking points of the college basketball season.

Persons: CNN — Clark, Caitlin Clark, ’, She’s, Clark, Pete Maravich, Pete ’ –, Maravich’s, Angel Reese, –, Kelsey Plum's, Matthew Putney, Christyn Williams, Carmen Mandato, Steph Curry, Sabrina Ionescu, skillset, Jan Jensen, Jensen, Joseph Cress, Zion Williamson, Kelsey Plum, Anthony Davis, Maya Moore, Allen Iverson, Brittney Griner, Shaquille O’Neal, – Clark, ‘ Stephen, Sabrina ’ –, “ Let’s, Reggie Miller, Damian Lillard, Steph, Sabrina, who’s, Dame, ” Clark, Caitlin, ” Jensen, she’s, Matthew Holst, LSU’s Reese, Reese, John Cena, Tony Gutierrez, Sheryl Swoopes –, Swoopes –, ”, Sheryl Swoopes, Jay Williams, “, “ I’m, doesn’t, WILT, … — Dick Vitale, @DickieV, Dick Vitale, Wilt Chamberlain Organizations: CNN, NCAA, Clark’s University of Iowa, Gatorade, Nike, State Farm, Louisiana State, LSU Tigers, Hawkeyes, Iowa, LSU, UConn Huskies, NBA, WNBA, Michigan, Iowa City Press, Citizen, USA, Indiana Fever, Hall of Famer, Carver, WWE, ESPN, Duke Blue Devils, FAIR Locations: men’s, Des Moines , Iowa, Iowa, ‘

☆ The hollowing out of Vice and BuzzFeed marks the end of the digital media revolution
▼ + stars: | 2024-02-23 | by ( Oliver Darcy | ) edition.cnn.com time to read: +5 min

New York CNN —The digital media revolution is over. Its two leaders, Vice Media and BuzzFeed , are in a frenetic retreat, surrendering much of their online empires as they try to protect what remains of their core assets. The demise of Vice Media as we know it is a particularly hard pill to swallow. Ahead of the announcement, the mood inside Vice Media was grim. Dixon said in his note that Vice Media had determined it was “no longer cost-effective” for the company to distribute its digital content on its own.

Persons: “, ”, they’re, I’m, Bruce Dixon, Benjamin Mullin, Dixon, Shane Smith Organizations: New York CNN, Vice Media, Media, Big Tech titans, Fortress Investment, Sports Locations: New York

☆ What's next for the S&P 500 after hitting a record? Nvidia is the key
▼ + stars: | 2024-02-22 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Where markets go next may well depend on how Nvidia does after going forward. "The answer here will depend on NVDA," Tom Essaye of The Sevens Report wrote in a Thursday note. "The stock is at an all-time high ... and if it can hold (or extend) this rally ... it'll imply that tech can help lead this market higher." Nvidia and other artificial intelligence darlings, including Meta Platforms, powered the broader market last year, while other stocks underperformed. I'd rather take it elsewhere in something that hasn't had as much of a run as Nvidia has."

Persons: Tom Essaye, Essaye, Patrick McDonough, Solita Marcelli, Charles Ashley, hasn't, Said PGIM's McDonough Organizations: Nvidia, Revenue, Nasdaq, VanEck Semiconductor, Federal Reserve, Meta, UBS Global Wealth Management, Catalyst Funds

☆ The Fed is going to hold out on rate cuts longer than we think, investment strategist says
▼ + stars: | 2024-02-15 | by ( Aruni Soni | ) www.businessinsider.com time to read: +3 min

The Fed is going to hold out on rate cuts longer than we think, a John Hancock strategist said. Consumer spending and market momentum are strong, while elevated rates haven't created meaningful cracks in the economy. "We're seeing riskier areas like crypto-related stocks and AI darlings' momentum taking hold in the market." And the flurry of cash is also being fed into the stock market. AdvertisementBitcoin's price has punched past $51,000 to levels last seen in 2021, rallying regardless of hiccups in the stock market like Tuesday's pullback after a hot CPI report.

Persons: John Hancock, —, John, Emily Roland, Jerome Powell, Roland, we're Organizations: Consumer, Service, CNBC, splurging, Nvidia, Fed Locations: YOLO

☆ Why direct-to-consumer darlings such as Casper, Allbirds and Peloton are now struggling
▼ + stars: | 2024-02-10 | by ( Devan Burris | ) www.cnbc.com time to read: +2 min

A once-bustling group of companies, backed by billions in venture capital funding, saw a record year for IPOs in 2021. Now, three years later, most of those direct-to-consumer, or DTC, companies still struggle with profitability. "One of the problems with a lot of direct-to-consumer companies is they're not profitable and a number of them don't really have a convincing pathway to profitability. With the cohort came a huge wave of venture capital funding, propped up by low interest rates. As the Covid-19 pandemic moved most shopping online, venture capital funds were all-in on digital native direct-to-consumer companies.

Persons: GlobalData Retail's, Neil Saunders, Warby Parker, Casper Organizations: IPOs, CNBC, Wonder Group Locations: ThredUp

☆ British Vogue features 40 ‘legendary’ cover stars for editor Edward Enninful’s final issue
▼ + stars: | 2024-02-09 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +4 min

CNN —For British Vogue’s final issue under Edward Enninful, the outgoing editor-in-chief put not one superstar on the cover, but 40 of them. Forty previous cover stars return for Enninful’s final issue. Steven Meisel“When it came to my last issue, I knew the cover would be dedicated to women. Ned RogersNaomi Campbell, who has now appeared on four British Vogue covers during Enninful's tenure. His other cover stars included 82-year-old Miriam Margolyes, who posed nude for last year’s Pride Month issue, and a then-85-year-old Dame Judi Dench.

Persons: Edward Enninful, Naomi Campbell, Cindy Crawford, Miley Cyrus, Linda Evangelista, Jane Fonda, Kate Moss, Serena Williams, Steven Meisel, Ned Rogers, Enninful, Steven Meisel “, ” Enninful, ”, shockwaves, Misan Harriman, Kennedi Carter, Ned Rogers Naomi Campbell, Ned Rogers Enninful, Fonda, Miriam Margolyes, Dame Judi Dench, Christy Turlington, CNN’s Christiane Amanpour, Anna Wintour’s, Condé Nast, Chioma Nnadi Organizations: CNN, Hollywood, Vogue, British Vogue Locations: Ghanaian, Dua Lipa, Manhattan, London, Paris, Milan, Los Angeles, British

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