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☆ The Port of Baltimore was humming along as it handled a record level of cargo in 2023. The collapse of the Key Bridge changed everything.
▼ + stars: | 2024-04-16 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

In 2023, the Port of Baltimore handled a record 52.3 million tons of international cargo valued at nearly $81 billion. But on March 26, the Francis Scott Key Bridge collapsed after the container vessel Dali struck the bridge and sent the 47-year-old structure into the Patapsco River. Moore recently spoke with Business Insider about the collapse of the Key Bridge and the economic impacts of the port's closure. Wes Moore: The port is the largest in the country when it comes to heavy trucks and agricultural equipment. The Key Bridge was a key artery in this region.

Persons: —, Francis Scott Key, Dali, Wes Moore, Moore, John L, Dorman, Joe Biden, Julia Nikhinson, It's, Jerry Jackson, we've, You've, Baltimore Mayor Brandon Scott, We're, Biden, I'm Organizations: Service, Business, US Army Corps of Engineers, Maryland Democratic Gov, Gov, Maryland Gov, AP, Port, Federal, Baltimore Sun, Tribune, Getty, Baltimore Mayor, WM Locations: Port of Baltimore, United States, Port, Baltimore, Patapsco, Ohio, Tennessee, Michigan, United, It's

☆ China's BYD is the world's biggest electric car maker — but it's not coming to America anytime soon
▼ + stars: | 2024-03-09 | by ( George Glover | ) www.businessinsider.com time to read: +6 min

Read previewJapanese and Korean carmakers cracked the US market long ago — but don't expect Chinese EV seller BYD to repeat that feat. Advertisement"It'd be very difficult for a Chinese EV maker to enter the US market," Seth Goldstein, an equity strategist at Morningstar, told Business Insider. The bill, a key part of US President Joe Biden's economic agenda, offers tax credits worth up to $7,500 for EV makers, excluding any "Foreign Entity of Concern." BYD isn't the only company turning its back on the US EV market. Given that EV sales growth is stalling in US, it's perhaps little wonder companies like BYD are not too bothered.

Persons: —, There's, Tesla, We're, Stella Li, BYD, Seth Goldstein, I'm, Suzuki, Jim Farley, Will Roberts, Goldstein, Roberts, Joe Biden's, Joe Biden, Demetrius Freeman, Rho Motion's Roberts, you'd, Li, carmakers Organizations: Service, Yahoo Finance, Business, Morningstar, Toyota, Motors, Nissan, Mazda, Lexus, Honda, Mitsubishi, Korea's Hyundai, Kia, North, Ford, EV, Rho, Energy, Treasury, Washington Post, Cox Automotive, Apple Locations: Korean, North America, —, China, North American, Russia, Iran, North Korea, Brazil, Thailand, Americas, Asia, South America

☆ 5 cheap stocks to buy on any pullback, according to investor Sarat Sethi
▼ + stars: | 2024-03-06 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Stocks have ripped to record highs this year, led by a few major technology names as investors bet artificial intelligence will boost profits. That doesn't mean there aren't opportunities for investors looking for stocks at more attractive valuations, especially during pullbacks, Sethi said. Sethi highlighted several attractively valued stocks to buy on a pullback, including Johnson & Johnson , GSK , Freeport-McMoRan , Schlumberger and Google parent Alphabet . From the health-care sector, Sethi highlighted pharmaceutical companies Johnson & Johnson and GSK as "very cheap stocks." When it comes to major technology stocks, Sethi pointed out that Alphabet, one of his firm's core holdings, is currently trading at a discounted level.

Persons: Sarat Sethi, Douglas C, Sethi, FactSet, that's Organizations: Lane & Associates, Federal Reserve, Dow Jones, Nasdaq, Johnson, GSK, Schlumberger, Google, Freeport, Nvidia, Microsoft, Meta Locations: Freeport, McMoRan

☆ Cocoa prices just hit a record high. Here's what's driving the gains and what it means for chocolate makers
▼ + stars: | 2024-02-17 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +7 min

If you think chocolate prices this Valentine's Day were more expensive than usual, it's not you. Year to date, futures contracts are up nearly 27%, with cocoa prices rising in six of the past seven weeks. Here's a breakdown of what's driving cocoa prices higher and how it impacts the investment case around two major chocolate stocks. Doshi thinks cocoa prices could sell off about 20%, taking them to around $4,500 to $4,800 per ton. In an interview with CNBC last week, he underscored the rising cocoa price outlook as the key driver for his lower rating.

Persons: Humza Hussain, El, Aakash Doshi, Doshi, Bernstein, Bruno Monteyne, … There's, Mondelez, Alexia Howard, Hershey, Michele Buck, Bernstein's Howard, Howard, I'd, Bryan Spillane, Morgan Stanley, Pamela Kaufman, Bank of America's Spillane Organizations: Asset Management, CNBC, Hershey, Citi, 2H, Street, Bank of America, Bank of, Cadbury Locations: Mondelez, El Niño, Ghana, Ivory, Nigeria, Europe

☆ Thursday's inflation report could challenge the market outlook for big Fed rate cuts
▼ + stars: | 2024-01-10 | by ( Jeff Cox | ) www.cnbc.com time to read: +6 min

"The market seems to have gotten excited that the Fed's going to have to do more than what the Fed thinks in terms of rate cuts now. watch nowThere is certainly a wide gap between what the Fed has indicated in terms of rate cuts and what the market is expecting. It probably means that right now, the market needs to give back some of the rate cuts that they priced in." Fed Governor Michelle Bowman said this week that while she expects rate hikes could be done, she doesn't see the case yet for cuts. Still, Brusuelas thinks the market is too aggressive in pricing in six rate cuts.

Persons: Frederic J, Brown, Dow Jones, Jack McIntyre, McIntyre, they've, Michelle Bowman, Lorie Logan, Logan, Joseph Brusuelas, Brusuelas, Richard Clarida, … There's, Clarida Organizations: AFP, Getty, Federal, Brandywine Global Investment Management, Traders, Dallas, RSM Locations: Rosemead , California

☆ CNBC Daily Open: The Moody’s downgrade was a non-event
▼ + stars: | 2023-11-14 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

In this article AMZNDISGSNFLXENR-DEXOM Follow your favorite stocks CREATE FREE ACCOUNTThe US Treasury building in Washington, DC, US, on Tuesday, Aug. 15, 2023. Nathan Howard | Bloomberg | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Investors, focused on the week ahead, are already shrugging off bad news from last week. On Friday, Moody's Investors Service cut its ratings outlook on the U.S. government from stable to negative.

Persons: Nathan Howard, Joe Biden, Xi Jinping, Fitch, Treasurys, There's, Michael Reynolds, Goldman Sachs, Peter Oppenheimer, Jeff Cox Organizations: Treasury, Bloomberg, Getty, CNBC, U.S, Investors, Moody's, Service, Poor's, Glenmede Investment Management, Dow Jones, Nasdaq, Reserve Locations: Washington , DC, Israel, U.S

☆ Is your hotel sustainable? Not if these two things are in your room, says Soneva’s founder
▼ + stars: | 2023-10-30 | by ( Monica Pitrelli | Harriet Akinyi | ) www.cnbc.com time to read: +5 min

A quick-and-easy test is to look for two items, said Sonu Shivdasani, founder of Soneva and Six Senses hotel brands. First, sustainable hotels should not have branded water of any sort, he told CNBC Travel. "Governments can create the context, but businesses need to make the change," Shivdasani told CNBC Travel. Source: SonevaShivdasani said he decided to institute a guest environmental levy after the company measured its "scope 3" emissions. Shivdasani said that after Soneva determined that 85% of its carbon emissions were "scope 3" emissions, the company introduced the 2% carbon levy.

Persons: Sonu Shivdasani, Soneva, Shivdasani, that's, It's, it's, Eva, Soneva Shivdasani, Kelvin Law Organizations: CNBC Travel, Nanyang Technological University, CNA, Soneva, World Health Organization Locations: Maldives, Thailand, British, India, Myanmar, Darfur, Sudan

☆ Ether heads for a losing week as ETF launch fails to ease regulatory overhang on crypto market
▼ + stars: | 2023-10-06 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

Meanwhile, ether is heading for a losing week even after ether futures ETFs began trading, which was expected to be a positive catalyst for the cryptocurrency and digital assets broadly. That represents about 0.2% of the trading volume of bitcoin futures ETFs on their first day of trading, he added. Bitcoin and ether, the "blue chip" coins in the crypto market, are widely seen as high-risk and notoriously volatile assets that sometimes move in tandem with the broader market. Many crypto investors take a longer view on them, however, and may still see them as safe havens. While one group may be concerned that their prices have been stuck this year, the other sees them as resilient in the face of U.S. regulatory uncertainty and rising rates.

Persons: Crypto, Conor Ryder, …, there's, Ryder, David Wells Organizations: Dow Jones, Ethena Labs, ETH, Enclave Markets

☆ This Singaporean is raising her kids in Sweden. Here are 3 parenting habits she picked up
▼ + stars: | 2023-10-05 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +5 min

They love life a little bit more because they know how to enjoy it," said Min, a Singaporean raising her kids in Sweden. For the past nine years, Min, a Singaporean, has been traveling and working in various places — from South Korea to Spain and now, Sweden. Free playLiving in Sweden brought Min and her family much closer to nature — her kids attend forest school on the weekends. "In Sweden, children have a lot of say, they are respected and they have a voice — just like adults," Min said. But in Sweden, kids can choose whether they want to use the time to get some shuteye — or play.

Persons: Min, We've, — Organizations: Autonomy Locations: Sweden, South Korea, Spain, Stockholm, Singapore, preschools

The U.S. central bank left interest rates unchanged on Wednesday, in line with market expectations. Broadly speaking, higher rates for longer could be an unwelcome turn of events for stocks and bonds. The S&P 500 lost 0.94% on Wednesday, while the yield on two-year Treasuries, which reflect interest rate expectations, hit 17-year highs. Futures tied to the Fed’s policy rate late Wednesday showed traders were betting the central bank would ease monetary policy by a total of nearly 60 basis points next year, bringing interest rates to about 4.8%. Signs of wobbling growth could bolster the case for the central bank to cut rates far sooner than it had projected.

Persons: Sarah Silbiger, Josh Jamner, Gennadiy Goldberg, Jerome Powell, …, David Norris, John Madziyire, ”, Norris, Davide Barbuscia, David Randall, Herbert Lash, Lewis Krauskopf, Ira Iosebashvili, Stephen Coates Organizations: Eccles Federal Reserve, Washington , D.C, REUTERS, Federal, U.S, Treasury, U.S ., Clearbridge Investments, TD Securities USA, TwentyFour Asset Management, Thomson Locations: Washington ,, U.S

☆ Former Army Ranger who fought in Ukraine says conflict there is far worse than fighting in Afghanistan and Iraq
▼ + stars: | 2023-07-04 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

A former Army Ranger who spent months in Ukraine said fighting there was worse than in Iraq or Afghanistan. "The worst day in Afghanistan and Iraq is a great day in Ukraine," he said. "The worst day in Afghanistan and Iraq is a great day in Ukraine," he said. Bramlette, who was a Green Beret on a counter-Russia mission and an Army Ranger in Iraq and Afghanistan, said fighting in Ukraine had much more unknowns. "If two of them get injured… there's no helicopter coming to get you… shit can go south really, really frickin' quickly.

Persons: —, David Bramlette, Bramlette, … there's, Troy Offenbecker, I've, Offenbecker, Jason Mann, Mann Organizations: Army Ranger, Service, Daily, Beret, Army, CNN Locations: Ukraine, Iraq, Afghanistan, Russia

☆ Ritholtz’s Josh Brown talks crypto winter, the failure of blockchains and how to invest in digital assets
▼ + stars: | 2023-06-16 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

I don't think advisors really have any reason to be compelled to have these conversations with clients and clients aren't asking for it." "[If tomorrow you] woke up and there was no crypto … I don't think your life would change one iota. At the end of 2021, Ritholtz partnered with WisdomTree to launch the RWM WisdomTree Crypto Index to offer exposure to the crypto market through a financial advisor. "I don't think everyone has to, but if you want to, I think holding bitcoin outright is maybe the most common sense approach. "I don't think individual investors should be involved in bitcoin futures," he said, "because there's no passive way to do that.

Persons: Bitcoin, Josh Brown, There's, –, Brown, he's, Ritholtz, WisdomTree, … There's, It's, Gemini's Cameron, Tyler Winklevoss, You've Organizations: Ritholtz Wealth Management, CNBC Pro, Digital Assets, Financial Professionals, Advisors Locations: Austin , Texas, U.S, Brown

The bank hiked its price target to $154 from $139, which implies 24.7% upside from where shares closed on Friday. "We were encouraged by CEO commentary that retail margins could improve beyond pre-pandemic levels (4-5% in US)," wrote analyst Justin Post. "In 1Q, Amazon US retail margins were up 340bps y/y, one of the best quarters in the company's history for y/y margin improvement," Post added. Post thinks that, based on margin improvement year-to-date, metrics showing strong leverage and management's commentary, Amazon's 2024 U.S. retail margins could reach a range of 4% to 5%. The analyst noted that a 22% year-over-year decline in U.S. retail gasoline prices should aid retail margin improvement.

Persons: there's, Justin Post, Andy Jassy's, Amazon's, — CNBC's Michael Bloom Organizations: Bank of America, Amazon, Shipping

☆ Paramount pops after Buffett's favorite banker makes 'interesting' bet in media giant's key shareholder
▼ + stars: | 2023-05-26 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

National Amusements, Paramount's majority voting shareholder, announced Thursday afternoon that it has entered into an agreement for a $125 million preferred equity investment from BDT Capital Partners, an affiliate of BDT & MSD Partners. Paramount Global shares jumped nearly 6% on Friday after an investor known as Warren Buffett's favorite banker piled into the media company's controlling shareholder. BDT & MSD Partners' chairman and co-CEO is Byron Trott, who has long been known as Buffett's preferred and trusted banker. "It's not good news when any company passes its dividend, or cuts its dividend dramatically," Buffett said. Upgrade from LoopLoop Capital on Friday upgraded Paramount to a hold rating from a sell in light of the BDT investment.

☆ Lab-grown breast milk startup Biomilq aims to change infant nutrition — if it can release a product
▼ + stars: | 2023-05-20 | by ( Natasha Piñon | ) www.cnbc.com time to read: +11 min

Biomilq, the company behind the breakthrough, had been working for nearly a decade to replicate the process of making human milk — but outside of the body. While the crisis has highlighted the importance of a resilient formula supply, human milk experts, milk bank advocates and Biomilq all stress the same message: Breast milk is best. The startup will likely take a "gradual approach" to introducing its science via "an early-life nutrition product in partnership with one of these bigger companies," Strickland explained. Breast milk is woefully understudied — to the point that it's difficult "to even say what human milk is from a nutritional standpoint," Perrin explained. The company is researching which aspects of human milk its system is best suited to produce.

☆ Syria: Arab countries don't see where U.S. policy is leading, says academic
▼ + stars: | 2023-05-08 | 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 EmailSyria: Arab countries don't see where U.S. policy is leading, says academicJoshua Landis, director of the Center for Middle East Studies at the University of Oklahoma, says "now that Iran and Saudi Arabia are in dialogue … there's really no reason not to normalize with Syria as well."

☆ 25-year-old makes $200/hour without a bachelor’s degree: 'I work less than 6 hours a day'
▼ + stars: | 2023-04-29 | by ( Morgan Smith | ) www.cnbc.com time to read: +3 min

When she first became a notary signing agent seven years ago — just weeks after her 18th birthday — Nguyen thought it would be a temporary side hustle to support her income as a bank teller. Notaries, or notary publics, witness and authorize the signing of important documents, like passport applications and real estate contracts. Most notary publics can only charge what their state dictates; notary signing agents, on the other hand, can charge more as they specialize in property records and loan documents. "He built a career that he loved as a real estate agent, without a bachelor's degree, and always instilled in me that I didn't have to go to college to be successful," says Nguyen. After completing her certifications in 2015, Nguyen still wasn't convinced she wanted to be a notary signing agent full-time.

☆ Sam Bankman-Fried's parents' home has become a spectacle for Stanford students as the FTX founder serves house arrest there
▼ + stars: | 2023-03-04 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +3 min

Sam Bankman-Fried has been serving his house arrest at his parents' home, located on Stanford's campus. Students are joking about his presence and walking by the home to look for the FTX founder, the Washington Post reported. The Post spoke to several students about Bankman-Fried's presence on campus, which has recently become littered with party fliers emblazoned with Bankman-Fried's face. While some may see Bankman-Fried's presence as an embarrassing situation for university, others told the Post that it isn't as bad as other scandals associated with the school. Bankman-Fried's lawyers have claimed that he and his parents have received repeated threats since the collapse of his cryptocurrency exchange and subsequent arrest last year.

☆ We're married Delta pilots with two young kids. Here's how we've navigated our careers together and our top 10 travel tips for couples.
▼ + stars: | 2023-02-16 | by ( Hannah Towey | ) www.businessinsider.com time to read: +10 min

Delta pilots Brent and Kelly Knoblauch first met as interns in 2010. Kelly: Brent and I first met in 2010, when I was still in college at the University of North Dakota. And then I think almost a year to the day, Kelly was also hired as a pilot back at Delta. Being able to see what you're seeing, what you're hearing, what you're suspecting, and just being open about that. Kelly: It actually went really well.

☆ There's a buzz about green hydrogen. But pink, produced using nuclear, may have a huge role to play too
▼ + stars: | 2023-02-03 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +7 min

In this article EDF-FRNG.-GBTSLA Follow your favorite stocks CREATE FREE ACCOUNTBoth pink and blue have been used to differentiate between different methods of hydrogen production. Indeed, according to a Sept. 2022 tracking report from the International Energy Agency, low-emission hydrogen production in 2021 accounted for less than 1% of global hydrogen production. These include green hydrogen, which refers to hydrogen produced using renewables and electrolysis, with an electric current splitting water into oxygen and hydrogen. "But splitting water takes energy, so what pink hydrogen is about is splitting water using energy that has come from nuclear." This needed "supportive policies which encourage investment in early hydrogen production projects and encourage users to switch from fossil fuels to low carbon hydrogen."

☆ Morgan Stanley CEO says the bank's push for more stable revenue streams has worked. It's a key reason we own the stock
▼ + stars: | 2023-01-19 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +7 min

Acquisitions were a big part of how Morgan Stanley maneuvered its way into the middle of that money flow. Morgan Stanley CEO James Gorman Economic outlook Gorman was also asked about his thoughts on the global economy, inflation and the Federal Reserve. The Club's take Despite widespread recession fears since last year, the Club has maintained its belief in Morgan Stanley. As of right now, we've got a 2 rating on Morgan Stanley, meaning we'd wait for a pullback before buying more shares. Morgan Stanley shares carry a roughly 3.3% dividend yield, and it bought back $1.7 billion worth of stock in the fourth quarter.

☆ A China ‘spending boom?’ Your guide to emerging market investing in 2023
▼ + stars: | 2022-12-26 | by ( Fred Imbert | ) www.cnbc.com time to read: +9 min

"We're going to have a spending boom in China, at least in the first half of the year," said Mehran Nakhjavani, emerging market strategist at MRB Partners. How to play emerging markets in 2023 Regardless, there are several ways for investors to get exposure to emerging markets. Perhaps the easiest way is by investing in the iShares MSCI Emerging Markets ETF (EEM). Another vehicle through which to play emerging markets is the First Trust Emerging Markets Small Cap AlphaDex ETF (FEMS) . The fund is the best-performing emerging markets ETF this year, according to Morningstar, with a year-to-date return of just over 1%.

☆ A sports tech startup lost millions — then made it big. Here's how its millennial founders staged a comeback
▼ + stars: | 2022-12-23 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +8 min

Losing millions of dollars when they were 24 years old was a defining moment for entrepreneurs Harsh Jain and Bhavit Sheth. More than a decade after its launch, their company Dream Sports says it's now valued at $8 billion dollars, with 160 million users to boot. Dream Sports is a sports tech firm from India that owns Dream11, the biggest fantasy gaming platform in the country. Harsh Jain and Bhavit Sheth launched their startup Dream11 when they were just 22 — but it quickly "crashed and burned." That is something they learned from losing a large sum of money in the early days of their company, Jain added.

☆ Long Covid patients can face a battle trying to claim benefits through their workplace disability insurance
▼ + stars: | 2022-12-20 | by ( Sarah O'Brien | ) www.cnbc.com time to read: +8 min

Many workers get disability coverage via an employerAn estimated 43% of private industry workers have access to short-term disability insurance through their employer, according to the Bureau of Labor Statistics. Long-term disability insurance, which is intended to kick in when necessary after short-term disability benefits run out, is available to 35% of workers. After 10 weeks of struggling, he filed another short-term disability claim when it was clear he was not improving. Toward the end of 2021, with five doctors agreeing that his condition was disabling, he again filed a long-term disability claim. In fact, cases involving denial of long-term disability benefits for long Covid are cropping up around the country.

☆ Markets 'completely ignored' Powell's balanced inflation remarks and are not pricing in key risks, Mohamed El-Erian says
▼ + stars: | 2022-12-01 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Markets are dismissing inflation risks after Powell signaled rate hikes may slow, Mohamed El-Erian said. But inflation is likely to stay sticky next year, and there are still credit and earnings risks for stocks. "So the marketplace is saying inflation risks are over. The market isn't focusing yet on credit and earnings risk, and that's because … there's no sign of a recession," El-Erian added. So keep an open mind, and let's not repeat the mistake of last year, when we all embraced transitory inflation," El-Erian said.

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