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Since the constitutional right to abortion was taken away in Dobbs v. Jackson Women's Health Organization in 2022, Democratic spending on abortion-related ads has jumped. Line chart showing the percentage of television ad spending devoted to abortion from 2018 to 2024. Democratic spending jumped up to around one-third in 2022 after the Dobbs ruling and has stayed high. In the first four months of this year alone, 48 percent of Democratic ad spending on broadcast networks in Pennsylvania centered on abortion. Democrats are seizing the moment, devoting two-thirds of their ad spending to abortion there.
Persons: Roe, Wade, Dobbs, Emily Holzknecht, Adam Westbrook, Trump, overperformed, , N.M, Andy Beshear’s, Daniel Cameron’s, Mr, Biden Organizations: Democratic, Republican, Republicans, Jackson, Health Organization, Democrats, Republicans Pennsylvania, Arizona, Michigan, Georgia, Wisconsin, Supreme Court, Data, Pew Research, Ore ., Nev . Ohio Ill, Conn . Iowa Pa, Ind, Del . Utah Colo, Religion Research Locations: Dobbs v, Pennsylvania, Michigan, Arizona, Georgia, . Arizona, . Maine, Mont, Minn . Vt, Ore, Ore . Idaho, Wis, N.Y, S.D . Mich, R.I, Wyo, Conn . Iowa Pa . N.J, Nev . Ohio, Del . Ind . Utah Md, Colo, W.Va . Va . Calif, Kan, Mo, Ky, N.C, Tenn, Okla, ., N.M . Miss ., Ala . Texas, Fla . Alaska Hawaii, Conn . Iowa, Neb . N.J, Del . Utah, W.Va . Md . Va . Calif, United States, Nevada , Arizona , Montana , Colorado, South Dakota , Nebraska , Missouri , Arkansas, Florida , New York, Maryland, Nevada , Arizona , Wisconsin , Michigan, Kentucky, Gaza, Ukraine
A sports bettor turned $100 into more than $80,000 after cashing out of his championship parlay bet. The $100 parlay ticket created by Shelton in May 2023 was based on who would win the MLB World Series, the NFL Super Bowl, and the NBA Championship. Shelton said DraftKings offered him an initial $11,000 to cash out his $100 parlay ticket. Shelton had previously shopped around his $100 parlay ticket after the Thunder won the first round of their playoff series against the New Orleans Pelicans. Using sports bet platform WagerWire, Shelton said he received offers for as much as $200,000 for his parlay ticket.
Persons: Wayne Shelton, Shelton, , Mary, DraftKings Organizations: Texas Rangers, Kansas City Chiefs, Oklahoma City Thunder, DraftKings, Thunder, Service, MLB, NFL Super, NBA, Dallas Mavericks, Twitter, Mavericks, New Orleans Pelicans, New York Rangers, Dallas Stars, Rangers, Florida Panthers Locations: DraftKings, OKC
RBC Capital Markets sees a $25 billion market opportunity for the space. The average analyst rating is hold, with 8% upside to the average analyst price target, according to FactSet. Eli Lilly has an average analyst rating of overweight and 8.3% upside to the average analyst price target, according to FactSet. Stock Chart Icon Stock chart icon AstraZeneca's one-year performanceAstraZeneca shares have an average analyst rating of overweight and nearly 6% upside to the average analyst price target, according to FactSet. Stock Chart Icon Stock chart icon Bristol-Myers Squibb's one-year performance
Persons: It's, Gregory Renza, Renza, Oppenheimer, Jeff Jones, Piper Sandler, Edward Tenthoff, Eli Lilly, Dan Lyons, Janus Henderson, Myers Squibb, William Blair, Matt Phipps, Jefferies, Andrew Tsai, They've, Janus Henderson's Lyons, Jones, Piper Sandler's Tenthoff, Myers Organizations: pharma, RBC Capital Markets, TRT, Novartis, Mariana Oncology, Janus, Janus Henderson Investors, Bristol, RayzeBio, Karuna Therapeutics, AstraZeneca, Fusion Pharmaceuticals, GlobalData's Pharma Intelligence, Pluvicto Locations: Mariana, Bristol
A bond fund run by two of the top names at DoubleLine is outpacing the broader market by being defensive without fully committing to an imminent recession. The DoubleLine Opportunistic Bond ETF (DBND) has a total return of 3.2% over the past year. That's more than the broadest bond funds, such as the iShares Core U.S. Aggregate Bond ETF (AGG) , and the category indexes for the ETF as determined by FactSet and Morningstar. "Given where yield levels are, you're paid relatively well just to be in the higher credit quality," Sherman said.
Persons: Morningstar, Jeffrey Sherman, Jeffrey Gundlach, Sherman, Bonds, it's Organizations: Bond, Aggregate Bond, FactSet, SEC, CNBC, Federal Reserve Locations: DoubleLine, Treasurys
Paragon Intel, an alt data company founded in 2017, is rolling out its executive rating Thursday. The ratings will show how executives fit into their firms and whether they will drive stock gains. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementParagon Intel's flagship product — a database on executive performance known as ManagementTrack — had been ranking executives but not rating them. The ratings — which will roll out to the firm's hedge-fund clients Thursday — are a much more nuanced and predictive look at executive performance, Howard said.
Persons: , Colby Howard, Howard Organizations: Paragon Intel, Service, Paragon, Business Locations: Canada, Europe
New York City will begin a new push to evict migrants from its shelter system on Wednesday as the city enters a more aggressive phase in its effort to ease the strain that the migrant crisis has placed on the city’s budget and shelters. The first wave of evictions will affect adult migrants who were given 30-day notices a month ago as part of the city’s push to enforce stricter time limits on shelter stays. Adult migrants who wish to stay longer can receive an extension if the city determines they meet one of several exceptions. As the rules are phased in, they will eventually cover all 15,000 adult migrants that the city is paying to house in an array of hotels, tent dormitories and other buildings. Officials are also seeking to make space for the hundreds of migrants still arriving from the southern border each week.
Persons: Eric Adams Organizations: Democrat Locations: York City
Those strike prices were substantially higher than the stock's price, which was trading between $10 to $16.50 that week. But what Sosnick found interesting was that the open interest went up faster for the $30 strike calls, signaling an expectation that the price would really rally this time. The table below shows the rise in open interest on strike calls of 20, 25, and 30 set to expire by May 17 and the price of the contracts. AdvertisementTom Sosnoff, the cofounder of Thinkorswim and Tastytrade, says there's probably a reasonable explanation behind the rise of open interest in GME. As for the rise of open interest on the 30-strike price, he attributes it to the cheapness of those contracts relative to the other strikes rather than a function of price prediction.
Persons: Keith Gill's, Roaring, Gill, Steve Sosnick, Sosnick, GME, Tom Sosnoff, there's, you'd, Sosnoff Organizations: GameStop, Social, Interactive, Traders Locations: GME
President Joe Biden and Democrats have tried unsuccessfully to restore nationwide abortion rights since the Supreme Court issued its landmark reversal of Roe in 2022. AdvertisementHogan's position makes him one of the few prominent Republicans to support abortion rights. When he first announced his Senate run, Hogan initially said he needed to think more about his position on abortion rights. Democrats have already placed abortion rights on the Florida ballot this November. No Republican Senate is going to make a serious effort to codify Roe, given the party's near-universal support to restrict abortion rights.
Persons: , Larry Hogan, Roe, Hogan, Wade, he's, Joe Biden, Angela Alsbrooks, Alsobrooks, David Trone, Susan Collins of, Lisa Murkowski, codifying Roe, Donald Trump, Mitch McConnell, Court's Dodds, hasn't, it's, Trump Organizations: Service, Maryland Gov, GOP, Democrats, Business, Prince, Wine, Republicans, Press, Senate, Biden, Republican Senate Locations: Prince George's County, Susan Collins of Maine, Alaska, Maryland, Florida, Arizona
Dollar steady; ether fuels crypto rally
  + stars: | 2024-05-21 | by ( ) www.cnbc.com   time to read: +3 min
Cryptocurrencies rallied, led by a surge in ether on growing anticipation of an impending approval of spot ether exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). Against the yen , the dollar rose 0.07% to 156.37 in the early Asian session. However, the still-stark interest rate differentials between the U.S. and Japan maintained the appeal of the yen as a funding currency. Still, the cautious Fed rhetoric has so far done little to significantly alter the market pricing for rate cuts, with investors betting on two cuts this year beginning September. Analysts said the latest crypto rally came on the back of speculation that an approval of spot ether ETFs by the U.S. SEC could be imminent, following in the footsteps of the listing of bitcoin ETFs earlier this year.
Persons: Cryptocurrencies, Carol Kong, Bitcoin, Tony Sycamore Organizations: U.S . Securities, Exchange Commission, SEC, U.S, Commonwealth Bank of Australia, New Zealand, Reserve Bank of Australia's, IG Locations: Japan
Ethereum has jumped over the past 24 hours as odds of an imminent ETF approval have soared. AdvertisementAccording to Standard Chartered Head of FX Research Geoff Kendrick, ETF approvals would cement ether's chances of reaching $8,000 by this year's end. AdvertisementSecondly, big outflows are also less likely to be an issue for ether, Kendrick pointed out. Once ether funds are established, the price highs that it can achieve bode well for bitcoin, Kendrick added. "An ETH ETF approval will further legitimise the sector and therefore be BTC positive as well.
Persons: Ethereum, , That's, Eric Balchunas, Geoff Kendrick, Kendrick, bode Organizations: SEC, Chartered, Service, bitcoin, Securities and Exchange Commission, Bloomberg, Bloomberg Intelligence, Standard Chartered, FX, BTC Locations: VanEck
The firm notes that Vertiv, which makes power and cooling equipment for data centers, has beaten Nvidia by 315% over the past year. Much of that stems from the advanced chips that power AI on — such as the ones Nvidia produces — requiring significantly more electricity to operate. "Power used by AI applications is expected to grow at a 25-33% CAGR over the next few years." AdvertisementAs Nvidia gears up for its earnings season on Wednesday, expectations remain strong, Bank of America said. Previously, Goldman Sachs had similarly outlined broadening AI investment, characterizing Nvidia as the first of four phases.
Persons: , They're, Nvidia's, Vertiv, outpacing, BofA, Bank of America BofA, Steve Eisman, it's, NVDA, Goldman Sachs Organizations: Bank of America, Nvidia, Service, Vertiv
In today's big story, we examine how this summer is shaping up to be tough for the stock market . Stocks are on track to either remain flat or turn negative going forward , according to two market vets Jennifer spoke to. The pessimism about stocks' future is due to a few factors. Some Nvidia employees are considered to be millionaires SOPA ImagesThere is, however, one company that could salvage things: Nvidia. As the key chipmaker in the space, a win for Nvidia is a win for everyone betting on AI being the future.
Persons: , Jenny Chang, Rodriguez, Jennifer Sor, Stocks, Jennifer, It's, Jerome Powell, BI's Linette Lopez, Warren Buffett Scott Morgan, Warren, Berkshire Hathaway, Goldman Sachs, Michael Burry, John Paulson, Alyssa Powell, Gen Zers, Instagram, Vincent Sandoval, Getty, Henrik Sorensen, Tyler Le, Larry Ellison, it's, aren't, Cash, Bill Lee, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, New York Knicks, NBA, Business, Getty, Fidelity, Hamptons, Nvidia, Reuters, Berkshire, JPMorgan, Meta, Sciences, Apple, The Locations: Montauk, Berkshire, New York, London
The 2010s were a frothy time for digital publishing. Billions of dollars flowed into publishers like BuzzFeed and Vice, with big media companies and venture capitalists betting those start-ups would eventually make lots of money. The jury trial of Carlos Watson, who is charged with trying to defraud investors in the digital media start-up he co-founded, Ozy Media, is scheduled to begin Monday with jury selection in federal court in Brooklyn. Mr. Watson has pleaded not guilty to all the charges against him. It remains unclear what Mr. Watson’s defense will be when the trial begins, or whether he will take the stand.
Persons: BuzzFeed, Carlos Watson, Watson, bluffing ” Organizations: Ozy Locations: Brooklyn
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The creator started posting short comedy videos during the pandemic, poking fun at people on the internet who make life too complicated for themselves. One of his most popular skits, with 276 million views, shows a person using a knife to peel a banana. "I don't think I have a single sponsor in Italy," Lame said. Lame helped promote Smith's recent film "Bad Boys: Ride or Die" with a short video that amassed 19 million views on TikTok and 111 million on Instagram.
Persons: , Charli D'Amelio, He's, I've, Rodin Eckenroth, Lame, Shaquille O'Neal, Hugo Boss, Naomi Campbell, Robert Downey Jr, Duke McKenzie, Nicola Paparusso, Paparusso, Lame's, Will Smith, he's, Marco Belardi — Organizations: Service, Business, Academy, Google, Pepsi, CIA Locations: Italian, Northern Italy, Italy, Los Angeles, Milan, TikTok, Hollywood
Ivan F. Boesky, the brash financier who came to symbolize Wall Street greed as a central figure of the 1980s insider trading scandals, and who went to prison for his misdeeds, died on Monday at his home in the La Jolla neighborhood of San Diego. His daughter Marianne Boesky said he died in his sleep. An inspiration for the character Gordon Gekko in Oliver Stone’s movie “Wall Street” and its sequel, Mr. Boesky made a fortune betting on stock tips, often passed to him illegally in exchange for suitcases of cash. As federal investigators closed in on Mr. Boesky, he agreed to cooperate, providing information that led to the downfall of the investment bank Drexel Burnham Lambert and its junk bond king, Michael Milken. Mr. Boesky brought an aggressive style to the once-sleepy world of arbitrage, the buying and selling of stocks in companies that appear to be takeover targets.
Persons: Ivan F, Marianne Boesky, Gordon Gekko, Oliver Stone’s, Boesky, Drexel Burnham Lambert, Michael Milken Organizations: Drexel Locations: La Jolla, San Diego
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
Michael Burry of "The Big Short" fame revealed an $8 million wager on gold this week. The renowned investor bought into a trust that owns physical gold bullion. John Paulson, who also called the mid-2000s housing crash, continues to bet big on gold. The investor of "The Big Short" fame purchased about 441,000 units of the Sprott Physical Gold Trust last quarter. The trust holds virtually all of its assets in physical gold bullion.
Persons: Michael Burry, John Paulson, , Michael Burry isn't Organizations: Service, Scion, Management, Business
"Sleep is the new coffee," longevity enthusiast Bryan Johnson told the Journal. Experts say workers who sleep more are likely to be more productive and focused. AdvertisementSome tech execs aren't starting their days anymore with a jolt of caffeine — they're betting on sleep instead. "I think sleep is the new coffee," Bryan Johnson told The Wall Street Journal. This story is available exclusively to Business Insider subscribers.
Persons: Bryan Johnson, , Johnson Organizations: Service, Wall Street, Business Locations: Braintree
Copper "is the most compelling trade I have ever seen," Carlyle's Jeff Currie said on the Odd Lots podcast. He thinks the metal's massive mismatch in supply and demand could push its price up to $15,000 a ton. AdvertisementCopper supply issues are making the metal considerably more expensive, says commodities veteran Jeff Currie, who is very bullish on the opportunity. He later added: "I just quote many of our clients and other market participants say it's the highest conviction trade they've ever seen." Though not necessarily part of his acronym, artificial intelligence is also amplifying industry demand, Currie mentioned.
Persons: Carlyle's Jeff Currie, Currie, , Jeff Currie, Carlyle, Currie —, Goldman Sachs, policy's, copper's, deglobalization Organizations: Industry, Service, Bloomberg, US, BHP Locations: China, Panama
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
There, a startup called Conceivable Life Sciences is automating the IVF lab from start to finish. Conceivable Life SciencesEleven women so far have become pregnant with help from one or more of these Conceivable robots. Conceivable Life Sciences"No baby, no fee"Today, IVF demand is surging, despite the treatment being slow, uncertain, and expensive. Conceivable's future IVF lab. Conceivable Life SciencesFrom prayer to AIHalf a continent away, a physician was growing frustrated by the constraints of his job.
Persons: , robotically, embryologist Jacques Cohen, Cohen, Joshua Abram, Conceivable's, Abram, Lora Shahine, Emma wasn't, Emma, Alan Murray, Murray, — embryologists, that's, Alejandro Chávez, Badiola, REI, didn't, Conceivable's cofounders, Dr, REIs, What's, Langham, Conceivable's cofounders tinker, Tesla, Brian Bixon, Gerardo Mendizabal, Ruiz, Bixon, Carla Patricia Barragan Álvarez, OBGYNs, aren't, Eduardo Hariton, Hariton Organizations: Service, Business, Sciences, BI, New York City, pipettes, Life Sciences, San, Langham Hotel, Quest Diagnostics Locations: Guadalajara, Mexico, New York, Seattle, pipettes, Petri, San Francisco, London, Abram, Mexico City
I can’t watch a basketball game on TV without seeing ads urging me to place a bet on one app or another. I can’t walk down the street in New York City without seeing ads about the latest lottery jackpot. And when I sit at my desk in the office, I spend hours studying another type of betting — trading in financial markets, where you can place wagers on companies, bonds, commodities and derivatives of all descriptions. Yet the most consequential betting of all — wagers on elections in the United States — may soon be shut down by regulators. And the commission’s proposed new rule would give it the power to block trading on a broad range of other subjects.
Persons: United States — Organizations: Futures, Commission Locations: New York City, United States
Crosby Health just raised $2.2 million in seed funding led by Amplo Ventures. The startup is building a large language model to help providers track insurance appeals. We got an exclusive look at the eight-slide pitch deck the startup used to raise its seed round. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Crosby Health, an AI startup building a clinical, large language model to help healthcare providers track insurance appeals, recently announced it raised $2.2 million in seed funding led by Amplo Ventures.
Persons: Crosby, Organizations: Crosby Health, Amplo Ventures, Service, , NOMO Ventures, Business
Sydney CNN —Three players from Australia’s top soccer league have been arrested and charged over an alleged betting scam, accused of deliberately getting yellow cards and giving away penalties at the behest of a South American criminal. A senior A-League player allegedly took instructions from the mastermind and arranged the infractions with teammates in designated games last year, according to New South Wales Police. Investigators have not disclosed the players’ team, but said they are attached to a club in Sydney’s south-west. Nor did they find evidence that players from other teams may have been complicit, he said. He said the bets were placed offshore, predominantly in South America, with no trace that betting has come from Australia.
Persons: Michael Fitzgerald, , Peter Faux Organizations: Sydney CNN —, League, New South Wales Police, Junior, , Macarthur FC, NSW Police Locations: American, New, Sydney’s, Sydney, Macarthur, South America, Australia
Mortgage interest rates have moved lower amid signs that persistently high inflation may be starting to cool. The 10-year Treasury yield fell following the release of this data, and mortgage rates followed suit. Once inflation slows enough that the Federal Reserve is able to start lowering the federal funds rate, mortgage rates and other consumer rates should trend down. See more mortgage rates on Zillow Real Estate on ZillowToday's refinance ratesMortgage type Average rate today This information has been provided by Zillow. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.
Persons: you'll, Fannie Mae Organizations: of Labor Statistics, Treasury, Federal Reserve, Investors, Zillow, Mortgage, Association, Sky Locations: Chevron
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