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☆ Here's the level to start buying Best Buy after its post-earnings surge
▼ + stars: | 2024-05-31 | by ( Morgan Chittum | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. New investors may consider buying Best Buy if shares fall another $1, Jim Cramer said, as the stock was trading around $80 apiece. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Jim, Jim Cramer's Organizations: CNBC, Nasdaq, Chicago PMI, Club, Costco Wholesale, Costco Locations: Chicago, U.S

☆ Euro zone inflation rises to 2.6% in May, but bloc still seen heading for interest rate cut
▼ + stars: | 2024-05-31 | by ( Jenni Reid | ) www.cnbc.com time to read: +3 min

Inflation in the euro zone rose to 2.6% in May, statistics agency Eurostat said Friday, but a higher-than-expected print did not sway market bets of an interest rate cut from the European Central Bank next week. Core inflation, excluding the volatile effects of energy, food, alcohol and tobacco, increased to 2.9% from 2.7% in April. The data comes with the ECB widely expected to cut interest rates at its June 6 meeting, the first reduction since 2019. While headline inflation increased in May, fluctuations in the rate have been forecast over the coming months due to base effects from the energy market and the unwinding of government fiscal support schemes across the bloc, . Staff are also due to release their latest round of inflation and growth projections at next week's meeting, providing more clues on the pace and level of potential cuts this year.

Persons: Klaas Knot, Kamil Kovar Organizations: Eurostat, European Central Bank, Reuters, ECB, Staff, Moody's, U.S . Locations: Corfu, Old Town, Greece, London

☆ L’Oreal says it's working on a form of bioprinted skin that can actually ‘feel’
▼ + stars: | 2024-05-30 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

L'Oreal says it is working with start-ups and research institutions to bioprint skin that can actually "feel." PARIS, France — French beauty and cosmetics giant L'Oreal is working on a form of synthetically produced skin that it says will one day be able to "feel" like we do. At the Viva Technology conference in Paris last week, L'Oreal showed off demonstrations of "bioprinting," technology that can 3D print humanlike skin, in action. L'Oreal says it ceased testing its products on animals back in 1989, long before it was required by regulation. We're doing it internally but also working with external partners as well," Balooch told CNBC at the firm's booth at VivaTech.

Persons: Balooch Organizations: L'Oreal, Viva Technology, CNBC Locations: PARIS, France, Paris, VivaTech

☆ 30-year-old who brings in $27,000 a month in passive income: 5 things I refuse to spend money on
▼ + stars: | 2024-05-30 | by ( Domonique Brown | ) www.cnbc.com time to read: +2 min

Now, four years later, it has grown into a successful business, earning me around $27,000 a month in passive income at age 30. Even though I make a decent amount of money in passive income, I remain frugal. Here are five things I refuse to spend my money on:1. DON'T MISS: The ultimate guide to earning passive income online3. Now, I set aside funds each month so that when an item breaks, I have money saved up to repair or replace it.

Persons: Domonique Brown, Goody Tru, It's, I've, pedicures Organizations: Disney, Target, Samsung, Walmart, Urban Outfitters, Casinos Locations: California, Las Vegas

☆ Zero-down mortgages are making a comeback
▼ + stars: | 2024-05-30 | by ( Matt Egan | ) edition.cnn.com time to read: +8 min

That massive roadblock is being removed by a new zero-percent down mortgage program launched two weeks ago by one of the nation’s largest mortgage lenders. ‘Demand has been huge’These mortgages are only open to first-time homebuyers and those making no more than 80% of the area’s median income. That’s because in order to refinance at a lower rate, the homeowner would need to fully pay off that second mortgage. For instance, Bank of America launched a zero-down payment mortgage program in 2022 for first-time homebuyers in certain Black and Hispanic neighborhoods. “These mortgages are going to be ticking time bombs – just like subprime mortgages –unless home prices continue to increase very substantially,” Kelleher said.

Persons: Mat Ishbia, homebuyers, Christian Petersen, refinances, UWM, ” Alex Elezaj, they’d, ”, Patricia McCoy, McCoy, won’t, Bankrate, ‘, Anneliese Lederer, ” Lederer, ” Dennis Kelleher, ” Kelleher, Jonathan Adams, ” UWM, Elezaj, “, ” Elezaj, ” It’s, “ We’re, Greg McBride, Adams, ” Adams Organizations: CNN, United Wholesale Mortgage, Phoenix Suns NBA, Phoenix Suns, NBA, Oklahoma City, Footprint Center, Boston College Law School, Consumer Financial Protection Bureau, Federal Reserve, Bank of America, US Department of Agriculture, US Department of Veterans Affairs, Center for Responsible, Better, Saint Joseph’s University, Bankrate, “, Wall Street Locations: Phoenix , Arizona

☆ A woman unmasked her catfisher after finding 2 more victims. They were surprised to find the catfisher's true identity.
▼ + stars: | 2024-05-30 | by ( Jane Ridley | ) www.businessinsider.com time to read: +9 min

Read previewScrolling through the profiles on OkCupid, Anna Akbari was drawn to a man who seemed handsome, witty, and highly intelligent. He was a catfisher — a person who fakes their online identity to trick victims into thinking they are someone else. He'd sent her a forged driving license, power points from his supposed job, and even copies of papers he claimed to have written at MIT. "We didn't know who this person was or why they were doing it," Akbari told BI. "Emily was Ethan, and Ethan was Emily," Akbari wrote in the book.

Persons: —, Anna Akbari, They'd, Akbari, — Ethan Schuman, MIT —, Schuman, Ethan, Gchat, — Schuman, he'd, Warren Talmarkes, I'd, didn't, Gina Dallago, She'd, Dallago, Anna, He'd, they'd, Emily Slutsky, who'd, Emily, Slutsky Organizations: Service, Columbia University, MIT, Business, New York University, BI, Skype, Grand, Valentine's, Facebook, Grand Central Publishing, Columbia Locations: Washington, DC, New York, Ireland, Irish, Akbari, New York City, Japan, Columbia, Cork

☆ Ignore Nvidia's '2000-like valuation' and ride the market's AI-driven momentum by making these 8 hot investments, according to a rally-calling professional trader
▼ + stars: | 2024-05-30 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Ironically, Salama sympathizes with Nvidia skeptics about the company's valuation, which he said is in "nosebleed territory." Stocks will shatter expectations — and recordsLike AI-focused companies, US stocks aren't cheap but can continue to charge higher. Other investments to consider are companies tied to AI champion Nvidia, including server builder Super Micro Computer (SMCI) and venerable computer company Dell (DELL). AdvertisementOutside AI, Salama is incredibly bullish about bitcoin (BTC) during its mammoth rally and companies tied to cryptocurrencies, including Coinbase (COIN) and Robinhood (HOOD).

Persons: —, Leon Cooperman, Cooperman, that's, John Salama, Salama, Salama's, doesn't, OpenAI Organizations: Service, Nvidia, Business, Trading, Microsoft, Apple, Micro, Dell, Coinbase Locations: bitcoin

☆ Here are the portfolio's top 5 performing stocks since April's Monthly Meeting
▼ + stars: | 2024-05-30 | by ( Morgan Chittum | ) www.cnbc.com time to read: +7 min

The latter fact is on display in our list of top-five performing portfolio stocks since the April 24 close through Wednesday's close, the eve of our May meeting. The chipmaker jumped 44.1% since April's Monthly Meeting. 4, Eli Lilly stock jumped 10.8% since our April 24 meeting. A slew of promising AI announcements helped fuel the stock's strong performance since the April meeting. More broadly, Broadcom has been one of the portfolio's biggest beneficiaries of the AI trade.

Persons: Dow, Jim Cramer, we're, Jim, Costco, Eli Lilly's, Eli Lilly, Jim Cramer's, Spencer Platt Organizations: Nasdaq, Dow Jones Industrial, Nvidia, Apple, China Academy of Information, Communications Technology, iPhone, Bank of America, Costco, Costco Wholesale, Walmart, Club, Broadcom, CNBC, Traders, New York Stock Exchange, Getty Locations: Wednesday's, China, U.S, Google's, New York City

☆ Opinion: May is the month when we honor Asian Americans. Here’s what a lot of people get wrong
▼ + stars: | 2024-05-30 | by ( Opinion Regina Kim | ) edition.cnn.com time to read: +7 min

CNN —As we near the end of Asian American, Native Hawaiian and Pacific Islander (AANHPI) Heritage Month, I can’t help but feel a bit disappointed. Regina Kim Courtesy Regina KimBut too often, efforts to honor the contributions of Asian Americans, however well-intentioned, fall short because people fail to differentiate between Asian Americans and Asian communities outside the US. A recent study by the Asian American Foundation found that over half of Americans can’t name a single famous Asian American. This may be one reason why so many Americans can’t name any Asian Americans of note. The media needs to make a conscientious effort to seek out, identify and spotlight Asian Americans — and not just during AANHPI Heritage Month.

Persons: Regina Kim, Peggy Gou —, AAPI, “, Mark Tuan, Audrey Nuna Michael Hickey, Laufey, who’ve, Daniel Anderson, Peggy Gou, Ali Wong Elyse Jankowski, Kat Turner, Sun, ” Turner, Steven Yeun Gregg DeGuire, wasn’t, Jackie Chan, Michelle Yeoh, Lulu Wang Michael Kovac, Mindy Kaling, Kevin Mazur, Lee Jung, jae, ” Oscar, Bong Joon Ho, Lulu Wang, ”, —, Steven Yeun, Bruno Mars, Olivia Rodrigo, Sarah Kinsley, Lyn Lapid, Audrey Nuna Organizations: Forbes, CNN, Billboard, AAPI, American, AANHPI, America, South, Korean, Asian American Foundation, Globe, Twitter, Facebook Locations: Hawaiian, American, “, Korean, Europe, America, Asia, Icelandic, South Korean, Hong Kong, Malaysian, keshi

☆ A bearish bet on homebuilders that profits if the consumer starts to weaken
▼ + stars: | 2024-05-29 | by ( Tony Zhang | ) www.cnbc.com time to read: +3 min

Recent weakness in the homebuilders, which are dependent on the consumer, suggests that they may be heading in the direction of the discretionary sector. This suggests that XHB is likely to revisit the bottom of the trading range and potentially break below it. This weakness suggests that it will revisit the $140 support level and potentially break lower, especially as momentum has recently turned negative. So I'm going to use the June 28 weekly expiration and buy the $145/$135 put vertical at a $3.82 debit. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: XHB, DHI Organizations: DR Horton

☆ CrowdStrike is defying Wall Street negativity on software, says Cramer. What he expects from earnings
▼ + stars: | 2024-05-29 | by ( Paulina Likos | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer said Wednesday he's expecting a strong quarter next week from cybersecurity firm CrowdStrike despite some weakness in other corners of the enterprise software market. Investor sentiment around software has become downbeat, but CrowdStrike is "one company that seems to be immune" to the negativity, Cramer said. In recent days, two Wall Street analysts issued upbeat notes on CrowdStrike. Earnings reports last week from Workday and Intuit added to the questions about the demand environment for enterprise software. Alongside its fiscal 2025 first quarter earnings report last week, Workday cut its full-year forecast for subscription revenue.

Persons: CNBC's Jim Cramer, he's, Cramer, Jim, Morgan Stanley, CrowdStrike Organizations: Investor, Intuit, Wednesday, JPMorgan, Palo Alto Networks Locations: Palo, billings

☆ ‘My eyes have been opened:’ Inside Elton John’s personal photography collection
▼ + stars: | 2024-05-29 | by ( Victoria Woodcock | ) edition.cnn.com time to read: +9 min

CNN —“Fragile Beauty” is an exhibition of extremes. The new show of “Photographs from the Sir Elton John and David Furnish Collection” at London’s Victoria & Albert museum (V&A) is at turns glitzy and gritty; joyfully pop and heart-wrenchingly poignant. “‘Fragile Beauty’ was chosen by Elton. Photography as a visual journalOne section, too, is titled “Fragile Beauty”, featuring work by Mapplethorpe, Hujar and McGinley. Elton even features in some of his own collection, as shown in David LaChapelle's "Elton John, Egg On His Face," 1999.

Persons: Sir Elton John, David, Marilyn Monroe, Nan Goldin, ”, Duncan Forbes, “, ’, Elton, Tristram Hunt, London’s, Tyler Mitchell's, Tyler Mitchell, Richard Avedon, Mitchell, John, Egglestons —, Newell Harbin, Hujars, ’ Elton John “, Forbes, Tom Bianchi's, Tom Bianchi, Fahey Klein, “ They’re, It’s, “ We’re, Ronald Fisher —, Newell, Robert Mapplethorpe, Mapplethorpe, Elton John, Sunil Gupta’s, Christopher Street ”, George Platt Lynes, Zanele Muholi, Peter Hujar's, Darling, Hujar, Mel Roberts, Gilbert, George’s, Ryan McGinley’s, Don Herron’s, Keith Haring, Peter Hujar, McGinley, Mary Ellen Mark, John’s, David Fahey, David LaChapelle's, Egg, David LaChapelle “, Fahey, Irving Penn, Herb Ritts, Horst P, Horst, Robert Mapplethorpe's, Roy DeCarava, Julio Cortez’s, George Floyd, Hunt Organizations: CNN, Albert, London’s Tate, Vogue, Atlanta, Los Angeles, Elton John Aids Foundation, ”, Rights Society New, Associated Press Locations: British, Atlanta, London, Los Angeles, “, Harbin, New York, American, Rights Society New York, Seattle, France, Britain, Minneapolis

☆ 10-year-old’s before-school side hustle brings in thousands of dollars: How he works around his 8 p.m. bedtime
▼ + stars: | 2024-05-28 | by ( Megan Sauer | ) www.cnbc.com time to read: +1 min

If so, he pulls up the design someone ordered — his favorite is a rainbow plastic skull — and puts his 3D printer to work. Most prints take at least two hours to create, so the machine works while Heitmann heads to his fourth-grade classes, the 10-year-old from Indiana says. Many of his toys sell for less than $20 apiece. He works roughly three hours per day on his side hustle, he says. Equipped with his printer, Heitmann watched YouTube videos, took lessons on Outschool.com and asked his parents for a second device, a Bambu Lab P1S multi-color printer that currently retails for $949.

Persons: Jacob Heitmann, —, Heitmann, Ender, Heitmann's, Chris Organizations: CNBC Locations: Indiana

Enter the Epson FastFoto (FF-680W), the only home scanner on the market that can batch-process up to 35 photos at a time, with scanning speeds up to 80 photos per minute. Epson FastFoto (FF-680W) The FastFoto is one of the best photo scanners on the market, allowing you to batch-scan images at speeds of up to two photos per second. While the OfficeJet has can scan images, it is much slower and more manual process than with the FastFoto. The same photo, as scanned by a cellphone app and the Epson FastFoto. AdvertisementThe bottom lineThe Epson FastFoto is the easiest and fastest solution I've found for digitizing old photos.

Persons: I've, Lauren Savoie, I'd Organizations: Business, Google, Epson, Shop, HP

☆ 'All That' star Lori Beth Denberg calls out Nickelodeon executives for silencing her when she raised concerns about Dan Schneider
▼ + stars: | 2024-05-28 | by ( Olivia Singh | ) www.businessinsider.com time to read: +5 min

Read preview"All That" star Lori Beth Denberg is continuing to speak out about her negative experience at Nickelodeon and demanding accountability from the executives who were silent when she flagged concerns about Dan Schneider. In the interview, Denberg detailed the power imbalance in her dynamic with Schneider, the head writer of "All That," and said that he put her in several uncomfortable and inappropriate situations. Real accountability is what I'm speaking up for, so it doesn't continue to happen," Denberg added, tagging the Instagram accounts for Robbins, Hecht, Paramount Pictures, and Nickelodeon. Matt Sayles/Invision/APFollowing the conversation with Robbins, Denberg said that she had a meeting with Hecht, the then-president of Nickelodeon Entertainment, in 2000. Denberg didn't tell Robbins or Hecht about her sexual encounters with Schneider but reiterated her concern for Bynes.

Persons: —, Lori Beth Denberg, Dan Schneider, Denberg, Brian Robbins, Albie Hecht, BRIAN ROBBINS, ALBIE HECHT, Kate Taylor, Schneider, Robbins, Hecht, Discovery's, Taylor, Amanda Bynes, Bynes, gaunt, Matt Sayles, Invision Organizations: Service, Nickelodeon, Business, Paramount Pictures, Robbins Productions, Galen, Nickelodeon Entertainment, Spike, Paramount Global Locations: Los Angeles

☆ Meet the art collectors with home galleries: 'The stock market doesn't give me any fulfillment'
▼ + stars: | 2024-05-27 | by ( Lucy Handley | In | ) www.cnbc.com time to read: +8 min

Entrepreneur Grant Cardone said collecting and displaying art gives him more fulfilment than investing. Grant CardoneMultimillionaire Grant Cardone, who has been collecting art for around 15 years, says he's a spontaneous buyer. Bunker artChristian and Karen Boros' home is on top the bunker that houses their private art collection, the Boros Collection, in the center of Berlin, Germany. An artwork by Cyprien titled "Gaillard Lesser Koa Moorhen," 2013, part of the Boros Collection. Karen and Christian Boros live in a penthouse apartment above their art collection in Berlin.

Persons: Grant Cardone, Grant Cardone Multimillionaire Grant Cardone, Cardone, Grant Cardone's, Burton Morris, Tommy Hilfiger, Hilfiger, Basquiat, Grant, —, Kenny Scharf, Scharf, Phillips, Jean, Michel Basquiat, gesturing, Al, Holly, Christian Levett, He's, Levett, Elaine de Kooning, Pat Passlof, Helen Frankenthaler, Joan Mitchell, It's, … Mitchell, Elaine, Kooning, John F, Kennedy, Karen Boros, John Macdougall, Christian, Raoul Zoellner, Cyprien, Boros, Noshe Christian, Joseph Beuys —, Zoellner, Karen, Christian Boros, Max von Gumpenberg Organizations: CNBC, Apple, Grant Cardone's Miami, Harvard University and New York University, Mougin Museum, London, AFP, Getty, Berlin, Noshe, Financial Times Locations: Miami, Cardone's, American, Grant Cardone's, Florence, Italy, Mougins, France, Ponte, Berlin, Germany

☆ This power management stock that has doubled over the past year could win big from AI-fueled energy demands
▼ + stars: | 2024-05-25 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

The growing need to feed power-hungry artificial intelligence models could benefit an under-the-radar power management stock, according to Wall Street analysts. Last year, Eaton also said that data centers and IT accounted for 14% of revenues. Ahead of Eaton's quarterly print, Bank of America analyst Andrew Obin highlighted the stock as a "pure-play electrical equipment" with high-growth businesses beyond data centers. "While data center remains the strongest end market, it seems that other end markets (residential, distributed IT) improved more than expectations to drive beats," he wrote. Elsewhere, Mizuho's Brett Linzey highlighted Eaton's "extended revenue visibility" given its "mega projects" aimed at meeting reshoring and data center needs.

Persons: Eaton, Craig Arnold, Andrew Obin, Mizuho's Brett Linzey Organizations: Wall Street, Bank of America, ETN Locations: Eaton, U.S

☆ The key for markets next week will be inflation as stocks try to maintain record highs
▼ + stars: | 2024-05-24 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

The news will come with stocks on pace to close out a strong month that included all-time highs. Stocks are poised to end an impressive month of gains after some softer inflation data released earlier in May and stronger-than-expected corporate earnings revived investor exuberance in the market rally. On Friday, the 30-stock Dow was on pace to snap a five-week win streak, falling by 2% for the period. Pesky inflation, consumer weakness The April personal income and expenditures report, which includes the PCE inflation reading, could confirm the recent trend of cooling inflation. Pending Home Sales (April) Earnings: Costco Wholesale , Ulta Beauty , NetApp , Best Buy , Dollar General , Hormel Foods Friday, May 31 8:30 a.m.

Persons: Dow, Mike Dickson, Dickson, FactSet, Goldman Sachs, David Mericle, Steph, it's, Christian Mueller, Glissmann, Mueller Organizations: Dow Jones, Nasdaq, Horizon Investments, Fed, PCE, Robinhood, Costco Wholesale, Software, Dallas Fed, Richmond Fed, Hormel, Chicago PMI Locations: Chicago

☆ And just like that… Has the tide turned on Carrie Bradshaw’s style?
▼ + stars: | 2024-05-24 | by ( Leah Dolan | ) edition.cnn.com time to read: +4 min

CNN —Carrie Bradshaw, the lead character played by Sarah Jessica Parker in the 1998-2004 TV series “Sex and the City,” has always been more of a fashion daredevil than a fashion darling. Parker spotted in one of her character's more outlandish looks while filming for the new season of "And Just Like That." “Definitely too much,” read one critique under @everyoutfitonsatc’s post of Jessica Parker in the latter look. So has Bradshaw’s style really changed, or have we? It seems like a ripe topic for the character’s newspaper column, and one Jessica Parker has thoughts on too.

Persons: Carrie Bradshaw, Sarah Jessica Parker, ”, Bradshaw’s, Carrie, could’ve, Bradshaw, Betsy Johnson, Simone Rocha, Ossie Clark, Parker, Jason Howard, Bauer, Griffin, Jessica Parker, florals, Ralph Lauren, Patricia Field, ’ wardrobes, “, Molly Rogers, Danny Santiago Organizations: CNN, City, HBO, Max, Warner Bros ., Guardian, Vogue Locations: New York City, Irish, YSL

☆ The world's top chipmakers can flip a 'kill switch' should China invade Taiwan, Bloomberg reports
▼ + stars: | 2024-05-23 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

Read previewTwo of the world's most important chip companies can flip a "kill switch" remotely on their most advanced chipmaking machines should China invade Taiwan, Bloomberg reported on Tuesday, citing people familiar with the matter. The Netherlands's ASML — Europe's top tech company by market value — supplies advanced machines to chip-making companies. The US has also pressured the Netherlands to block some ASML exports to China to limit the country's ability to manufacture advanced chips. The Dutch company has also said it will stop servicing some equipment previously exported to China. Rising concerns over Taiwan Strait developmentsThere are concerns about China's intensifying drills around Taiwan after Taiwan inaugurated its new President, William Lai — whom Beijing has branded as a separatist — on Monday.

Persons: —, Taiwan's, ASML, William Lai —, Li Xi, Jensen Huang, TSMC Organizations: Service, Bloomberg, Business, East, Dutch, China's People's Liberation Army, Nvidia Locations: China, Taiwan, Washington, Beijing, Netherlands, Arizona, Japan, Germany, ASML

☆ Analysts boost Nvidia price targets on strong demand outlook, say 'narrative is clearly nowhere near its end'
▼ + stars: | 2024-05-23 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Wall Street analysts are turning more bullish on Nvidia yet again following another strong guide from the chipmaking behemoth. "The narrative is clearly nowhere near its end, or likely nowhere near its peak," he wrote, adding that shares appear inexpensive. He expects Nvidia's Blackwell chips to be sold out through 2025. "While it's large enough market that competitors can succeed or even gain share, NVIDIA remains the standard bearer for multifaceted AI," he wrote. Nvidia's results lifted the broader chip sector, with the VanEck Semiconductor ETF (SMH) trading 3% higher in the premarket.

Persons: Tom O'Malley, Bernstein's Stacy Rasgon, Blackwell, Blayne Curtis, Citi's Atif Malik, JPMorgan's Harlan Sur, Goldman Sachs, Toshiya Hari, Sur, Morgan Stanley's Joseph Moore, Nvidia's Blackwell Organizations: Nvidia, Blackwell, Wall, Barclays, Jefferies, NVIDIA, VanEck Semiconductor, Micron Technology, AMD Locations: CY25

☆ The world's top chipmakers can push a 'kill switch' should China invade Taiwan, Bloomberg reports
▼ + stars: | 2024-05-23 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

Read previewTwo of the world's most important chip companies can push a "kill switch" remotely on their most advanced chipmaking machines should China invade Taiwan, Bloomberg reported on Tuesday, citing people familiar with the matter. The Netherlands's ASML — Europe's top tech company by market value — supplies advanced machines to chip-making companies. The US has also pressured the Netherlands to block some ASML exports to China to limit the country's ability to manufacture advanced chips. Rising concerns over Taiwan Strait developmentsThere are concerns about China's intensifying drills around Taiwan after Taiwan inaugurated its new President, William Lai — whom Beijing has branded as a separatist — on Monday. But Nvidia CEO Jensen Huang told Bloomberg TV on Tuesday that that the world's tech sector is likely to continue depending on Taiwanese manufacturing for "some time."

Persons: —, Taiwan's, ASML, William Lai —, Li Xi, Jensen Huang Organizations: Service, Bloomberg, Business, East, Dutch, China's People's Liberation Army, Nvidia Locations: China, Taiwan, Washington, Beijing, Netherlands, Arizona, Japan, Germany

☆ Is Pet Insurance Worth It? for Most People, the Answer Is No.
▼ + stars: | 2024-05-23 | by ( Emily Stewart | ) www.businessinsider.com time to read: +12 min

The North American Pet Health Insurance Association found that pet owners in the US paid $3.9 billion in premiums in 2023, a 22% increase from the year before. One thing is for sure: As the industry grows, pet insurance is becoming as confusing and messy as health insurance is for humans. Pet insurance isn't technically even health insurance; it falls in the property-and-casualty category. AdvertisementThe big problem with pet insurance is it's just an expensive productThere are three categories of pet insurance: accident only; accident and illness; and accident, illness, and wellness. Advertisement"It's important that pet owners understand the scope of what their pet insurance does and does not cover, so they're not caught off guard by unexpected payments," he said.

Persons: Gina Papini, Kato, Papini, That's, they've, Kevin Brasler, that's, Dan, Michael San Filippo, they're, Doug Kenney, Kenney, It's, Brasler, she's, Emily Stewart Organizations: American Pet Products Association, Pet Health Insurance Association, American Veterinary Medical Association, Rover, Consumers, Business Locations: reimbursing, Mexico

☆ Nvidia stock keeps hitting records. Can investors with little to no shares still buy?
▼ + stars: | 2024-05-23 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

While known for sizeable pullbacks in the past, the upward trajectory of Nvidia's stock last year and this year cannot be denied. We've been in Nvidia stock since 2019, years before the AI revolution was sparked by ChatGPT's viral moment shortly after its late 2022 launch. Through its Nvidia AI Enterprise service, Nvidia is in the process of building out a potentially massive software business. With that, let's think about Nvidia stock from the perspective of a long-term investor— and that's the key consideration, the investment horizon. At the beginning of the year, Nvidia stock traded at $481 per share on a $20.80 forward earnings estimate or a forward P/E multiple of 23 times.

Persons: We've, Jim, —, Jensen Huang, Leonardo da Vinci, Jim —, it's, It's, you've, Nvidia's, Colette Kress, Tesla, Kress, Jim Cramer's, Jim Cramer, Josh Edelson Organizations: Nvidia, Club, Apple, Enterprise, Devices, Intel, Investing, GE, NVIDIA, CNBC, SAP Center, Afp, Getty Locations: San Jose , California

☆ European markets head for higher open ahead of UK inflation data
▼ + stars: | 2024-05-22 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European stocks are heading for a higher open Wednesday as regional markets continue to see-saw over the inflation outlook and trajectory of interest rates. Investors in the U.K. will be keeping a close eye on the latest U.K. inflation figures out Wednesday. Economists are forecasting a sharp fall in the April print, driven by lower household energy costs, that could take the headline rate close to, or even below, the Bank of England's 2% target.

Organizations: Bank of England's

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