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☆ Scammers tried to steal Graceland. Here’s how to make sure they don’t get your home
▼ + stars: | 2024-06-18 | by ( Samantha Delouya | ) edition.cnn.com time to read: +6 min

Experts say rental properties, vacation homes and homes where the owners are deceased can be targets of home title theft. Here are some ways to protect yourself:What is home title fraud? Home title fraud occurs when scammers impersonate homeowners to refinance or sell a victim’s property and pocket the money. In an email associated with Naussany Investments to CNN, a self-proclaimed scammer claimed responsibility for the attempted home title fraud. A standard American Land Title Association (ALTA) homeowner’s policy of title insurance covers home title forgery and impersonation.

Persons: scammers, Elvis Presley’s, David Fleck, ”, “, ” Fleck, “ It’s, Lisa Marie Presley, Elvis, Priscilla Presley, Riley Keough, Naussany, Florida notary’s, Jonathan Skrmetti, scammer, I’ve, Jeremy Miller, ” Miller, Fleck, ALTA’s, Miller Organizations: CNN, Naussany, Naussany Investments, New York Times, Times, Allstate, Consumer Financial Locations: Memphis, Tennessee, Los Angeles, Graceland, Florida, Nigeria, California, Georgia

☆ Ukraine will soon receive new hybrid tanks built on powerful Cold-War-era equipment
▼ + stars: | 2024-06-18 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +1 min

Ukraine is set to receive a hybrid air defense tank from Germany. It consists of a Skyranger turret mounted on a Leopard 2 chassis, per arms manufacturer Rheinmetall. AdvertisementUkraine's war effort may soon get a boost from a new hybrid tank that merges a Cold War-era tank chassis with an advanced air defense system. Rheinmetall, a German arms manufacturer, revealed in a media release on Monday that the new design consists of a Skyranger turret mounted on a Leopard 2 chassis. Björn Bernhard, Head of Land Systems at Rheinmetall, hinted to German media outlet Bild that more such hybrid tanks could be in the works.

Persons: —, Björn Bernhard Organizations: Rheinmetall, Service, Land Systems Locations: Ukraine, Germany, German

☆ Asia-Pacific markets rebound as Wall Street rallies overnight; Australia holds rates
▼ + stars: | 2024-06-18 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

A pedestrian and jogger pass the Reserve Bank of Australia (RBA) building, during a partial lockdown imposed due to the coronavirus, in Sydney, Australia, on Monday, May 18, 2020. David Gray | Bloomberg | Getty ImagesAsia-Pacific markets rebounded on Tuesday as Wall Street rallied overnight, with investors assessing the Reserve Bank of Australia's interest rate decision. The RBA held its benchmark interest rate at 4.35% for its fifth straight meeting, saying that inflation "remains above target and is proving persistent." The RBA also noted that the economic outlook remained "uncertain," with recent data signaling that achieving the inflation target was unlikely to be smooth. Automaker Hyundai also hit a fresh record, gaining about 1.62% on news that it plans to list its India unit in Mumbai.

Persons: David Gray, Kazuo Ueda, Akio Toyoda, Kospi Organizations: Reserve Bank of Australia, Bloomberg, Getty, Wall Street, Bank, Japan's Nikkei, Reuters, Bank of Japan, Toyota, Samsung Electronics, SK Hynix, Hyundai, CSI Locations: Sydney, Australia, Asia, Pacific, Mumbai, Hong

☆ Wells Fargo may have underestimated just how savvy millennial credit card holders can be
▼ + stars: | 2024-06-18 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +7 min

Read previewWells Fargo may have underestimated just how savvy young professionals could be with a credit card that rewards renters. A Bilt spokesperson told Business Insider that Wells Fargo does not make the numbers publicly available. In an email, a Wells Fargo spokesperson told Business Insider that co-branded credit cards are "one modest piece of the company's overall credit card business strategy, and the BILT credit card is one component of that." The Wells Fargo spokesperson said that "there has been no conversation among decision-makers to exit the BILT agreement. A Bilt spokesperson said the Journal's story is an "inaccurate representation of our strategic partnership with Wells Fargo."

Persons: —, Wells, Bilt, Dave Canty, Bilt's, Ankur Jain, Kevin, Amanda Smidt, they've, I've, Amanda, anesthetist, I'm, Wells Fargo, Amanda chimed, Jain Organizations: Service, Bilt Technologies, Business, Alaska Airlines, Virgin Atlantic, Hyatt, Wall Street, Financial Technology Partners, Miami, The Locations: Wells Fargo, San Francisco, Alaska, Wells, Miami, New York

☆ Shein's CEO is so low-profile his employees don't even recognize him: report
▼ + stars: | 2024-06-18 | by ( Meghan Morris | ) www.businessinsider.com time to read: +4 min

Read previewFast-fashion giant Shein is gearing up for its widely-anticipated debut as a public company. But one key figure has stayed out of the spotlight: CEO Xu Yangtian, also known as Sky Xu. Even Xu's own employees don't recognize him in the office, the South China Morning Post reported on Monday. As a public company CEO, he'll be expected to participate in regular updates — UK companies are not required to have quarterly earnings calls, but most do — and interact with investors. Loyalty to China under scrutinySo far, Shein's public face has been executive chairman Donald Tang.

Persons: —, Xu Yangtian, Xu, Chris Xu, Shein, Frances Townsend, Townsend, he'll, Jack Ma, Donald Tang, Bear Stearns, Tang Organizations: Service, TikTok, Business, China Morning Post, Wall, Bloomberg, Shein's, Street, Shein, Milken, Pacific, Financial Locations: Guangzhou, London, China, Shanghai, Beijing

☆ Warren Buffett’s Berkshire Hathaway dumps BYD shares following rise in trade tension over Chinese EVs
▼ + stars: | 2024-06-18 | by ( Laura He | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —Warren Buffett’s Berkshire Hathaway has further cut its large stake in BYD, which vies with Tesla as the world’s largest electric car (EV) maker, as global trade tensions escalate over Chinese EVs. The sale was valued at 310.5 million Hong Kong dollars ($40 million). BYD shares had closed at a record high in June of that year. In 2008, Berkshire spent $230 million in buying BYD shares at an average of HK$8 ($1.02) apiece. Berkshire still holds 75.7 million Hong Kong-listed shares of BYD, which were worth about 17.6 billion Hong Kong dollars ($2.3 billion) by Tuesday.

Persons: Hong Kong CNN — Warren, Berkshire Hathaway, Tesla, Buffett, Daniel Acker, Biden, Wang Chuanfu, Elon Musk’s Tesla, didn’t, Charlie Munger, Munger “, ” Organizations: Hong Kong CNN, Hong Kong, Berkshire, Bloomberg, Getty, European Union, European Commission, EU, EV, HK, CNN Locations: China, Hong Kong, BYD, European, Europe, Beijing, United States, Shenzhen, Berkshire

☆ Paris Olympics: Triathlon events hang in the balance over E. Coli levels in the Seine
▼ + stars: | 2024-06-18 | by ( Billy Stockwell | ) edition.cnn.com time to read: +12 min

Fluidion’s testing has found that, on average, E. Coli levels in the Siene between early April and late May were just under 3400 MPN/100mL. The highest E. Coli levels recorded by Fluidion were 23590 MPN/100mL on May 2 and 13090 MPN/100mL on May 30, according to Angelescu. But if poor water quality persisted, the triathlon would have to be downgraded to a duathlon with no swimming, the organization confirmed. Angelescu said that “significant infrastructure projects” by the city of Paris designed to improve water quality will have a “substantial” impact. Triathlon athletes swim in the Seine river during the men's 2023 World Triathlon Olympic Games test event in Paris on August 18, 2023.

Persons: Pont Alexandre III, –, Jeanne Lehair, Dan Angelescu, Tim Clayton, Corbis, Fluidion, Angelescu, ”, Bertrand Guay, “, Anne Hidalgo, Stephane De Sakutin, Mike Cavendish, ” Cavendish, Probiotic, Cavenish, Phil Dunne, dietitians, Tim Harradine, ” Harradine, Emmanuel Dunand, “ It’s, Cavendish, Harradine, Bea Adeleke Organizations: CNN, Palais, Pont, Eiffel, Triathlon, Games, Getty, Surfrider Foundation, “, ”, Paris, British Triathlon, ’, Olympics Locations: Seine, Paris, France, French, AFP, Pont Alexandre, Austerlitz, Luxembourg, Oxford, Cambridge, Rio de, Guanabara, Lehair, ”

☆ CNBC Daily Open: Boeing's 'moment of reckoning'
▼ + stars: | 2024-06-18 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Immigrants, jobs and inflationImmigration has helped the U.S. job market sustain a strong run in recent months without reigniting inflation, economists and analysts say. This dynamic — a hot job market and cooling inflation — is in part the result of increased inflows of immigrants. The conglomerate sold 1.3 million shares for $39.8 million, reducing its holding to 6.9%. [PRO] S&P 500 to hit 6,000Evercore ISI predicts the stock market will soar to unprecedented heights, setting a new year-end target for the S&P 500 at a record 6,000.

Persons: Neel Kashkari, CNBC's Rebecca Picciotto, Ryan Cohen, Keith Gill, Matthew Bartolini, Berkshire Hathaway, Charlie Munger, Tesla Organizations: CNBC, Microsoft, Apple, Nasdaq, Dow Jones, Minneapolis Federal, GameStop, Fund, Nvidia, SPDR Locations: U.S, SPDR Americas, Berkshire, BYD

☆ Treasury yields rise ahead of May retail sales data
▼ + stars: | 2024-06-18 | by ( April Roach | ) www.cnbc.com time to read: +1 min

The 10-year Treasury yield was under a basis point higher at 4.2808%. The 2-year Treasury note yield was also up by less than a basis point to 4.7629%. U.S. Treasury bond yields rose Tuesday as investors traders looked ahead to May retail sales data for insights into the health of the consumer. Retail sales data for May is due Tuesday morning. Federal Reserve officials including Boston Fed President Susan Collins, Dallas Fed President Lorie Logan and Richmond Fed President Tom Barkin are expected to speak at events across the country throughout the day.

Persons: Neel Kashkari, Kashkari, Susan Collins, Lorie Logan, Tom Barkin Organizations: U.S, Treasury, Federal Reserve, Minneapolis Federal, Sunday, CBS News, CBS, Federal, Boston Fed, Dallas, Richmond Fed Locations: Minneapolis, U.S, United States

☆ How the Supreme Court could decide Trump’s blockbuster fight for immunity
▼ + stars: | 2024-06-18 | by ( John Fritze | ) edition.cnn.com time to read: +8 min

Trump’s out of luck: No immunityThe simplest outcome would be for the Supreme Court to rule that former presidents are not entitled to immunity from criminal prosecution. Nixon and the ‘outer perimeter’ of powerBut the justices could reach more broadly by granting some degree of immunity for “official” actions. That official-versus-private debate emerged as a key component of Trump’s immunity battle and will be closely scrutinized once the opinion lands. In terms of timing, a lot would depend on the direction the Supreme Court gives Chutkan in its opinion. It could also raise the possibility of further pre-trial legal wrangling, unless the Supreme Court explicitly ruled out appeals of those decisions.

Persons: Donald Trump, –, Jack Smith’s, Trump, “ Trump, ”, Jonathan Entin, Trump’s, John Roberts, Brett Kavanaugh –, he’s, ” Roberts, ” It’s, Neil Gorsuch, ” Kavanaugh, Nixon, Fitzgerald, Ernest Fitzgerald, Richard Nixon, Rudy Giuliani, Matthew Seligman, Alison LaCroix, ‘, Tanya Chutkan, “, ” Entin, Smith, LaCroix, we’ll, ’ ” Organizations: CNN, Trump, Case Western Reserve University’s School of Law, Appeals, DC Circuit, Supreme, Nixon, Air Force, Constitutional, Center, Stanford Law School, Security, University of Chicago Law School, US

☆ Adobe's misfortune may be a windfall for these 2 up-and-coming art apps
▼ + stars: | 2024-06-18 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementLinearity, a vector-based app similar to Adobe's Illustrator, did not disguise its intention to get customers to switch apps. Inkscape, a free, open-source software similar in function to Illustrator, took a subtle swipe at Adobe in a June 9 X post. And some users seem desperate to make the switch, with creatives on TikTok and X sharing extensive lists of alternatives to Adobe's apps. Representatives for Adobe, Linearity and Affinity didn't immediately respond to a request for comment from Business Insider, made outside normal working hours.

Persons: —, — Jessica Plowman Organizations: Service, Federal Trade Commission, Adobe, Business, Canva, MRC, Photoshop

☆ CNBC Pro Talks: Outperforming fund manager reveals how to invest after India's election
▼ + stars: | 2024-06-18 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +2 min

On Wednesday's Pro Talks , CNBC's Tanvir Gill will ask Jayaraman how to navigate investing in the country, as well as other emerging markets. The portfolio manager and head of quantitative research at Causeway manages its Emerging Markets Fund and International Opportunities Fund . Join CNBC Pro Talks on Wednesday, June 19, at 6:30 a.m. BST / 1:30 p.m. SGT / 1:30 a.m. Learn more from our previous Pro Talks: The market has 'completely missed' this 'critical' AI chip stock, says fund manager Move over Nvidia: Fund manager likes 'overlooked' chipmaker with billions in AI chip sales Will the AI spending boom pay off? One tech fund manager says it looks 'compelling' for some firms Related coverage from Pro: Looking for top alternatives to Nvidia?

Persons: It's, Narendra Modi, Arjun Jayaraman, CNBC's Tanvir Gill, Jayaraman, Tanvir Gill Organizations: India, Causeway, Markets Fund, International, Fund, MSCI, Big, Nvidia Locations: India

☆ Trump heads to key swing state of Wisconsin days after alleged Milwaukee diss
▼ + stars: | 2024-06-18 | by ( Steve Contorno | ) edition.cnn.com time to read: +4 min

Racine, Wisconsin CNN —Days after reportedly calling Milwaukee “horrible” behind closed doors, former President Donald Trump will rally with his supporters just south of the city in one of the country’s top battleground states. The Trump campaign pushed back on some of the public characterization of the alleged remark, saying he was referring to crime and “voter fraud.” As his alleged comment reverberated around the Badger State, Trump clarified to a Fox News reporter, “I love Milwaukee. Milwaukee – in addition to the state capital of Madison – is a center of Democratic power in Wisconsin and home to more voters than any other city in the state. One in five of the votes for Joe Biden en route to his narrow Wisconsin victory in 2020 were cast in Milwaukee. “In a state that’s decided on a razor’s edge, that may ultimately cost Donald Trump the election,” Johnson said.

Persons: Donald Trump, Trump, “, Milwaukee, Madison –, Joe Biden, Cavalier Johnson, CNN’s Laura Coates, Trump’s, ” Johnson, Biden, ” Biden, ” Trump, Hillary Clinton, White, “ Foxconn, ” Organizations: Wisconsin CNN, Milwaukee, Republicans, Capitol, Badger State, Fox News, Milwaukee –, Democratic, Biden, Democratic National Committee, Milwaukee Bucks, NBA, White, Republican, Wisconsin ”, New York Times, Siena, FBI, Trump Locations: Racine, Wisconsin, Milwaukee, Madison, Taiwan

☆ Chinese official slams EU probe into EV subsidies as 'selective'
▼ + stars: | 2024-06-18 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

"The Commission considers that the sample was selected in accordance with the WTO rules and the corresponding EU legislation in this regard," he said. "The Volkswagen Group confidently accepts the growing international competition, including from China, and sees this as an opportunity. The NDRC's Jin added that the EU anti-subsidy probe does not appear to be based off an industry or business complaint. "Consequently, the Commission has reached out to Chinese authorities to discuss these findings and explore possible ways to resolve the issues identified in a WTO-compatible manner," the EU statement said. The Biden administration in May announced it would raise tariffs on imports of Chinese electric cars from 25% to 100%.

Persons: Olof Gill, Gill, BEV, Oliver Zipse, Elon, Jin, EU's Gill, BEV producers, Biden Organizations: CNBC, WTO, Major, Volkswagen Group, EU, Volkswagen, U.K, BMW Group, BMW, SAIC, EV, EVs Locations: Union, China, Germany, Europe, Western Europe, Shanghai, EU, WTO

☆ Nearly half of New York City's vulnerable older adults have faced food insecurity in the last year, new study finds
▼ + stars: | 2024-06-18 | by ( John Towfighi | ) www.businessinsider.com time to read: +4 min

Survey participants either belonged to an older adult center or have received home-delivered meals, according to Citymeals on Wheels. AdvertisementResearchers found that 65% of older New Yorkers surveyed are living on $15,000 a year or less. Another gleaning insight from the study is the mental health concern among New York City's aging population. Forty-five percent of survey respondents said they do not have friends or family who can provide them with at least one meal a day. In fact, 41% of survey respondents said they're only sometimes or never able to grocery shop, and 15% said they're not able to cook for themselves, citing physical and mental difficulties.

Persons: —, Citymeals, they're Organizations: Service, SNAP, CUNY Urban Food, Business, Census, Security, Bureau of Labor Statistics Locations: New York City, New York

☆ Apple's AI chief gave this warning to the Siri team when he started working with them
▼ + stars: | 2024-06-18 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

Read previewWhen Apple's head of AI strategy and machine learning, John Giannandrea, joined the company in 2018, the company's voice assistant, Siri, was struggling to live up to its promise. Looking for a turnaround, Giannandrea says his first instruction to the Siri team was inspired by legendary NASA Chief Flight Director Gene Kranz: "Failure is not an option." Related stories"A lot of people use Siri a lot of the time," Giannandrea said in an interview with John Gruber after Apple's WWDC last week. Now 14 years after Apple launched Siri, the voice assistant's growing popularity has made it an exceptional proving ground for AI, raising the stakes still further. He has long argued that on-device AI models are critical to the technology being practical for everyday users.

Persons: —, John Giannandrea, Siri, Giannandrea, Gene Kranz, John Gruber, Apple's WWDC, OpenAI, We've, Apple Organizations: Service, NASA, Business, Apple, Apple Intelligence

☆ Putin vows trade and security tie-ups with North Korea beyond the West's reach
▼ + stars: | 2024-06-18 | by ( ) www.cnbc.com time to read: +3 min

Anton Vaganov | ReutersVladimir Putin promised to build trade and security systems with North Korea that are not controlled by the West and pledged his unwavering support in a letter published by North Korean state media on Tuesday ahead of his planned visit to the country. The article was published a day after the two countries announced that Putin would visit North Korea for the first time in 24 years for two days starting on Tuesday. Putin's foreign policy adviser Yuri Ushakov said Russia and North Korea may sign a partnership agreement during the visit that would include security issues. Ahead of the visit North Korea appears to have been making preparations for a possible military parade in downtown Pyongyang, commercial satellite imagery showed. He said the United States had seen Putin "get incredibly desperate over the past few months" and look to Iran and North Korea to make up for equipment lost on the battlefield.

Persons: Vladimir Putin, Anton Vaganov, Reuters Vladimir Putin, Sinmun, Putin, Yuri Ushakov, Andrei Belousov, Sergei Lavrov, Alexander Novak, Matthew Miller, Victor Cha Organizations: St ., Economic, Reuters, West, North, Workers, Party, Russia, Russian, Interfax, U.S . State Department, Center for Strategic, International Studies Locations: St, St . Petersburg, Saint Petersburg, Russia, North Korea, North Korean, North Korea's, Eurasia, Ukraine, Pyongyang, Korea, United States, Iran, Moscow, U.S

☆ An NYU freshman is suing her roommate, accusing her of stealing over $50,000 of her luxury belongings
▼ + stars: | 2024-06-18 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +1 min

The 19-year-old daughter of a Russian mining magnate is suing her NYU roommate. The lawsuit claims the roommate stole about $51,000 worth of luxury items, including a ruby ring. According to the suit, she sold some of the items on The RealReal — a secondhand marketplace. AdvertisementAurora Agapov, the daughter of a Russian-American mining magnate, has accused her New York University roommate of stealing more than $50,000 worth of luxury handbags and jewelry from her. In a lawsuit filed on May 31 in Manhattan's Supreme Court, Agapov, a 19-year-old freshman, claimed that her 18-year-old roommate, Kaitlyn Fung, sold some of the items on The RealReal — a secondhand luxury marketplace.

Persons: —, Kaitlyn Fung Organizations: NYU, Service, New York University, Business Locations: Manhattan's

☆ Buy these 8 stocks before a robust rebound for the 'abnormally weak' healthcare sector
▼ + stars: | 2024-06-18 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

The healthcare sector's 7% return this year is less than half of the S&P 500's 14.9% gain. At first glance, the lack of interest in healthcare stocks seems justified, given the group's subpar earnings growth. However, the upcoming earnings rebound for healthcare stocks isn't accounted for in valuations. Fortunately for investors, BMO has done that legwork by highlighting a slew of top healthcare stocks in its US model portfolios. Below are the eight outperform-rated healthcare stocks in BMO's model portfolios, along with the ticker, market capitalization, and group or groups that each is in.

Persons: —, There's, Brian Belski, Belski Organizations: Service, BMO Capital Markets, Business, BMO, Healthcare, BMO doesn't Locations: Montreal

☆ Champion Celtics were more than their dynamic duo, making for sweetest of victory cigars
▼ + stars: | 2024-06-18 | by ( Steve Buckley | ) www.nytimes.com time to read: +5 min

The 2023-24 Boston Celtics, newly crowned champions of the NBA, are a case in point. GO DEEPER Celtics beat Mavs, win 18th NBA championshipBut no team in Celtics history had to work to make it happen the way these guys did. THE BOSTON CELTICS ARE NBA CHAMPIONS 🏆🍀 pic.twitter.com/10iSWsN91P — The Players' Tribune (@PlayersTribune) June 18, 2024But the 2023-24 Celtics were more than those guys, even if those guys were the stars. Yes, the Celtics seemed poised to register a four-game NBA Finals sweep of the Mavericks until being blown out in Game 4 in Dallas. Celtics coach Joe Mazzulla kept saying, in so many words, “Don’t worry.” The result was an epic Garden party Monday night.

Persons: BOSTON — Long, Red Auerbach, Hoyo, Jayson Tatum, Paul Pierce, Brown, Larry Bird, Bob Cousy, Mavs, Tatum Organizations: BOSTON, Boston Celtics, Monterrey, NBA, Dallas Mavericks, Celtics, Miami, Eastern Conference, THE BOSTON CELTICS

☆ I wear bold outfits and my natural Afro to the office. People who say Gen Z can't dress for the workplace are wrong — we just do things differently.
▼ + stars: | 2024-06-18 | by ( Elle Hardy | ) www.businessinsider.com time to read: +6 min

I've heard people say Gen Z doesn't know how to dress for the workplace. Gen Z fashion is fun and quirky, and we're into self-expression. 40% of Gen Z and millennial consumers say that environmental impact is an extremely or very important factor when purchasing. People in my industry tend to have colorful or eclectic ways of dress, and I don't have a problem with that. AdvertisementIf older generations want to dress in more traditional business attire, it's none of my business.

Persons: —, Maya Penn, I've, Penn, It's, We're, Zers, I'm, Z, Gilberto Tadday, there's, haven't, we're Organizations: Service, Business, Fortune, Penn Locations: Atlanta, TEDWomen, Etsy, California

JMP Securities reiterated its market outperform rating on CoStar Group, with its price target implying upside of nearly 50%. Canaccord Genuity, meanwhile, raised its price target on Elf Beauty. Elsewhere, JPMorgan raised its price target on Apple to $245 from $225. ET: JPMorgan raises Apple price target Apple's AI announcements could lead to bigger iPhone sales, according to JPMorgan. Analyst Michael Lavery reiterated his overweight rating and $90 price target on shares, which suggests a 50% gain from Monday's close.

Persons: Canaccord Genuity, Goldman Sachs, Alexander Duval, Duval, — Hakyung Kim, Samik Chatterjee, Chatterjee, Fred Imbert, Piper Sandler, Michael Lavery, Lavery, Canaccord, Susan Anderson, Anderson, Nicholas Jones, Jones, monetizing Homes.com, CSGP Organizations: CNBC, JMP Securities, JPMorgan, Apple, Walmart Locations: underperformance . U.S, Monday's, Canada

☆ Toyota Chairman, Re-Elected by Investors, Defends His Hands-On Role
▼ + stars: | 2024-06-18 | by ( River Akira Davis | ) www.nytimes.com time to read: +1 min

Toyota Motor’s longtime leader, Akio Toyoda, defended his continued deep involvement in the company’s operations on Tuesday, responding to calls by some big investors that he step back after having resigned as chief executive more than a year ago. “Some infer that what I do and how I act is akin to cloistered rule,” Mr. Toyoda said, referring to an imperial form of government in Japan where an emperor could retain power and influence even after abdication. “I consult with younger-generation executives and give them my advice, and if you call this cloistered rule, then I am happy to continue acting as a cloistered-government leader,” Mr. Toyoda, 68, said at a shareholder meeting at Toyota’s headquarters southwest of Tokyo. Mr. Toyoda was responding to questions posed by several shareholders asking whether recent problems over mishandled safety tests may reflect broader governance problems within Toyota, including insufficient checks and balances on management.

Persons: Akio Toyoda, Mr, Toyoda, “, ” Mr Organizations: Toyota Locations: Japan, Toyota’s, Tokyo

☆ Planning for retirement? These stocks make 'great long-term investments,' according to the pros
▼ + stars: | 2024-06-18 | by ( Weizhen Tan | ) www.cnbc.com time to read: +5 min

But investors with a greater risk appetite or a longer runway to retirement can consider stocks. CNBC Pro asked the experts what stocks they would buy that are suited to long-term investing for retirement purposes. Dziubinski named three stocks which she says look undervalued but will make "great long-term investments" at current prices. Starbucks Dziubinski says Starbucks ' brand and pricing power have earned it a wide economic moat rating, which according to the firm refers to a company's durable competitive advantage. Wheaton Precious Metals Regal Point Capital's Marolia named Wheaton Precious Metals as a stock with long-term potential.

Persons: Susan Dziubinski, Dziubinski, Vijay Marolia, Morningstar, Marolia, it's, Wheaton, we've, we're Organizations: Morningstar, CNBC Pro, Regal Point, Consumer, Johnson, Brands, Nike Nike, Nike, Wheaton Precious, Wheaton Precious Metals, Blackstone Group

☆ EU to challenge U.S. and China strategically on trade, competition chief says
▼ + stars: | 2024-06-18 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

Executive Vice President of the European Commission for A Europe Fit for the Digital Age Margrethe Vestager talks to media in the Berlaymont, the EU Commission headquarter on May 23, 2024 in Brussels, Belgium. The European Union may be no economic match for its U.S. and China trade partners, but it can seek to contend with them strategically, the bloc's competition chief said Tuesday. Margrethe Vestager told CNBC that the EU had become "much better" at defending itself against unfair trade practices, and that it would continue to find novel ways of competing equitably with its economic partners. "The point is to realise we can never outspend China or the U.S.," Vestager told Silvia Amaro in Brussels. It follows similar measures by the U.S. last month, the latest phase in a growing trade tensions between the two economic powerhouses.

Persons: Margrethe Vestager, Vestager, Silvia Amaro Organizations: European Commission, European, CNBC, EU, EV, U.S Locations: Brussels, Belgium, China

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