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☆ ‘Billions’ of golf balls could be lost every year. Where do they end up?
▼ + stars: | 2024-09-19 | by ( Jack Bantock | ) edition.cnn.com time to read: +20 min

Found Golf Balls CEO Shaun Shienfield, whose company recovers and resells millions of lost balls across the US and Canada each year, told CNN that he gauged the average to be between three and four each round. Using Shienfield’s low estimate, that’s over 1.5 billion balls lost in the US every year since 2020. “While precise global estimates are challenging … the worldwide figure could easily exceed 3 to 5 billion golf balls lost each year,” Petersen told CNN. Mitchell Schols, founder of Canada-based Biodegradable Golf Balls, put a “very conservative” estimate for North America at one million balls lost to oceans annually. One UK-based man told CNN in 2015 that he could earn up to £100,000 (about $114,000) annually by diving to retrieve golf balls from lakes on golf courses.

Persons: Woods, Jonathan Ferrey, Shaun Shienfield, Torben Kastrup Petersen, ” Petersen, Loch, Cam Bauer, fairways, Jae C, Paula Gallani, Jack Taylor, Bonifas, Paul Barker, Alex Livesey, Josh Noel, Richard Heathcote, Sam Greenwood, Mohammed Afzal Abdul Afghanistan'shas, Mohammed Afzal Abdul, Shah Marai, Africa's, Alf Caputo, Mi Jung Hur, Michael Cohen, Matthew Savoca, Davis, Alex Weber, Savoca, Weber, Jack Johnston, Ezra Shaw, ” Savoca, “, there’s, ”, Mitchell Schols, Petersen, Kevin C, Cox, Schols, Albus Golf, ” Schols, Jared C, Tilton, “ I’m Organizations: CNN, United States Golf Association, National Golf Foundation, Danish Golf Union, La, Don Mueang International Airport, Getty, Chicago Tribune, Tribune, Service, La Paz Golf Club, AFP, Soviet Army, Kenya, Ladies European, Indy Women, Tech, University of California, Carmel High School, Monterey Bay National, National, Canada, North America, “, USGA, Pebble Beach Resorts Locations: Pebble Beach , California, Stillwater, Monterey , California, Canada, Greenland, Norway, Hawaii, France, Bangkok, Don, AFP, North, South Korea, Washington, Uummannaq, Coeur D'Alene, Death Valley , California, South Carolina, Bolivia, Kabul, Kenya, Australia, Ceduna, Kalgoorlie, Monterey Bay, Pebble Beach, Cypress Point, Carmel, California, Monterey, Japan, England, Germany, America, –, Spanish, London, Florida

☆ Latinas contributed $1.3 trillion to U.S. economy, new report says. That number could be even bigger
▼ + stars: | 2024-09-17 | by ( Sean Conlon | ) www.cnbc.com time to read: +6 min

That marks a real GDP growth rate of 51.1% between 2010 and 2021, meaning an economic contribution that's 2.7 times that of the non-Hispanic population. Despite those large figures, some economists think that U.S. Latinas could be contributing more to GDP than the report's figure. A growing forceWhen it comes to labor force participation, Latinas are outpacing other groups, the BofA report showed. Conversely, the non-Latino labor force growth rate was negative that year, meaning that more people left the labor force than entered it. "Whereas all Latinos are a source of economic strength, Latinas are drivers of vitality that the economy needs."

Persons: Manolo, Jeffrey Greenberg, Jeff Greenberg, Belinda Román, Mónica, Pérez, Matthew Fienup, David Hayes, Bautista, —, Latinas, Elise Gould, Andrew Lichtenstein Organizations: Miami, Universal, Getty, Bank of America, St, Mary's University, CNBC, Fayetteville State University, Latina, Center for Economic Research, California Lutheran University, Center, Latino Health, Culture, School of Medicine, UCLA, Drivers, Economic, EPI, Brooklyn Puerto Rico Day, Corbis Locations: Miami Beach , Florida, U.S, Florida, California , Texas, New York, Brooklyn, Bushwick, Brooklyn , New York

☆ Homebuilder stocks are 'priced for perfection,' investors needs to see lower rates driving demand
▼ + stars: | 2024-09-16 | by ( Brian Evans | ) www.cnbc.com time to read: +5 min

Stocks in the firm's coverage universe have "significantly front-loaded expected rate cut benefits, well in excess of prior fed cycles," he said. The chances of a smaller 25 basis point cut have fallen to a 41% chance. Barclays analyst Matthew Bouley is watching the data very closely as well and said a lot will depend on how consumers react as mortgage rates fall. Bouley said this is one of the clearest signs yet that a recent decline in mortgage rates is bringing buyers into the market. Slightly more than half the analysts who cover the stock rate it a buy or overweight, it said.

Persons: Mike Dahl, Dahl, Toll, Taylor Morrison, Matthew Bouley, Bouley, Horton Organizations: Federal Reserve, RBC Capital Markets, Tri, Tri Pointe Homes, Toll, RBC, KB, Barclays Locations: Tri Pointe, staving, Horton

☆ Harris opens the door to more media access: From the Politics Desk
▼ + stars: | 2024-09-12 | by ( The Politics Desk | ) www.nbcnews.com time to read: +9 min

In today’s edition, we report on how Kamala Harris' media strategy is (and isn't) changing following the debate. The campaign said Harris plans to do more interviews with media in battleground states and speak more with her traveling press corps in the coming days. Her campaign’s media strategy has largely been a continuation of Biden’s, which is to minimize interactions with the media. Right after the debate, Trump held a sprawling, ad hoc press conference in the “spin” room, surrounded by hundreds of journalists who formed a ring around him. The simple rules of postgame sports commentary often apply to politics: When you win, you don’t have to spin.

Persons: Kamala Harris, Jonathan Allen, Donald Trump's, Harris, Alex Seitz, Wald, Peter Nicholas, Natasha Korecki Fresh, Kamala Harris ’, Donald Trump, Joe Biden’s, Tim Walz, Rickey Smiley —, Trump, Biden, JD Vance, Walz, → Trump, Jonathan Allen Donald Trump, ”, Matthew Bartlett, it’s, ” Harris, “ KAMALA, ” Trump, ️, jud, Obama Organizations: NBC, White House, Capitol, National Association of Black Journalists, Democratic, CNN, Minnesota Gov, Univision, Trump, ABC News, MSNBC, Center, Fox News, Truth Social, ntr Locations: Philadelphia, “, pec

☆ Stocks making the biggest moves premarket: United States Steel, Unity Software, Boeing and more
▼ + stars: | 2024-09-03 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

United States Steel — The industrial stock plunged 6% after Vice President Kamala Harris opposed the planned sale of United States Steel to Japan's Nippon Steel. She made these statements during a Labor Day rally in front of union members in Pittsburgh, Pennsylvania, where she said that United States Steel was "an historic American company and it is vital for our country to maintain strong American steel companies." NetApp — The data storage stock added 1.6% following an upgrade to buy from hold at Loop Capital. Loop analyst Ananda Baruah listed several catalysts, including NetApp's cloud storage software partnerships and a recent pullback. Bank of America — The bank stock was down fractionally.

Persons: Kamala Harris, Wells, Matthew Akers, Morgan Stanley, Ananda Baruah, Jefferies, Peter Welford, Warren Buffett's Berkshire, Merck's Keytruda, — CNBC's Michelle Fox, Jesse Pound Organizations: United States Steel, Japan's Nippon Steel, Labor, Boeing, Software, Novartis —, Novartis, Bank of America, Warren Buffett's Berkshire Hathaway, Merck, European Commission Locations: Pittsburgh , Pennsylvania, American, Warren

☆ 2 renowned strategists say the US should defend Taiwan with nuclear strikes. Experts say such talk is just a taste of what's to come.
▼ + stars: | 2024-08-02 | by ( Matthew Loh | ) www.businessinsider.com time to read: +13 min

The US once floated nuclear retaliation in 1958 if China invaded Taiwan, and stationed nuclear weapons on the island until 1974. It would essentially tell Beijing that an invasion of the island risks nuclear war, he said. "What's the benefit of reassuring Xi that our nuclear weapons are not relevant?" "So relatively low-yield nuclear weapons could destroy that amphibious force and do little to no collateral damage onshore in Taiwan." He added that threatening war — much less nuclear war — over Taiwan would be deeply unpopular at home.

Persons: —, David Kearn, Kearn, — he'd, Greg Weaver, Weaver, Obama, Matthew Kroenig, James Acton, Greg, Matt, Kroenig, Lyle Goldstein, Goldstein, we're, Acton, Francesca Giovannini, Giovannini, Xi Jinping, Xi, It's, Marshall Billingslea, Billingslea, Rebeccah Heinrichs, Jake Werner Organizations: Service, John's, Atlantic Council, Pentagon, Business, RAND, US Defense, Joint Chiefs of Staff, Defense Department, Nuclear, Carnegie Endowment, International, China Initiative, Brown University, International Peace, Harvard University's Kennedy, Georgetown University, US State Department, Hudson, Keystone Defense Initiative, Kroenig, East Asia, Quincy Institute, Responsible, Johns University Locations: St, Taiwan, China, Beijing, Washington, Korea, Japan, Taiwan Strait, Washington , DC, Guam, South China, Russia, United States, Bejing, South Korea

Gavin Newsom of California has ordered state officials to remove homeless encampments and makeshift shelters, affecting thousands of unhoused people. In this audio essay, the sociologist Matthew Desmond calls out Californians who, “despite their self-declared progressivism, have been unwilling to do what was necessary to address the housing crisis.”Below is a lightly edited transcript of the audio piece. To listen to this piece, click the play button below.

Persons: Gavin Newsom, Matthew Desmond, “ Organizations: California

☆ Lululemon pulls new leggings line after complaints about ‘whale tail’
▼ + stars: | 2024-07-30 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +2 min

But after its new leggings became the butt of endless jokes, the company will have to leave them behind. I’m not sure what’s going on over there, but that’s not very cute.” The customer said she is returning the leggings. “I also am not a huge fan of the butt seam. In a statement to CNN, a Lululemon spokesperson said it takes customer feedback seriously and will incorporate it into future designs. Earlier this year, Lululemon said it missed out on some sales because it did not stock as many different colors of leggings as customers wanted.

Persons: New York CNN —, Lululemon, Reddit, “, TikTok, ”, JP Morgan, Matthew Boss, Boss, Alo, Vuori Organizations: New, New York CNN, CNN Locations: New York

☆ Lululemon just released new leggings. Shoppers and shareholders are mad.
▼ + stars: | 2024-07-26 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAthleisure darling Lululemon just saw some tough love from investors and customers this week. The leggings, introduced earlier this month, were quickly criticized by some shoppers for an unflattering design, poor fit, and other issues. AdvertisementFashion YouTuber and previous Lululemon shopper Alexandra Alvarez said in a video review last week that she struggled with the Breezethrough leggings' fit and construction. On Reddit's 600,000-user Lululemon forum, the leggings received mixed reviews.

Persons: —, Lululemon, Matthew R, Boss, Alexandra Alvarez, Kathryn Mueller, I'm, Paul Lejuez, Lejuez, Janine Stichter Organizations: Service, Business, Citi, CNBC Locations: Vancouver

Baird raised its price target on Apple by $40 to $240. BMO also increased its price target on Amazon to $230, implying upside of 27%. Hutchinson also raised her price target $65, a $3 increase that implies the stock can jump 17.3% over the next year from Wednesday's close. In addition to reiterating his outperform rating, Mizuho managing director Gregg Moskowitz upped his price target by $30 to $850. Analyst William Power reiterated his outperform rating on the tech titan and hiked his price target by $40 to $240.

Persons: Baird, Lorraine Hutchinson, Hutchinson, Birkenstock, — Alex Harring, Paul Lejuez, LULU, Lejuez, LULU YTD, GE Vernova, Mark Strouse, Strouse, Mizuho, Gregg Moskowitz, Moskowitz, LSEG, Stifel, Lamb Weston, Matthew Smith, Smith, FactSet, Cowen, William Power, AAPL, Power, Alex Harring, Brian Pitz, Pitz, Fred Imbert Organizations: CNBC, Apple, BMO, GE, Bank of America, New York Stock Exchange, Citi downgrades, Citi, JPMorgan, Mizuho, Nasdaq, Apple Intelligence, Verizon, BMO Capital Markets, Google, Amazon Locations: Wednesday's, Thursday's, Lululemon, Thursday's premarket

Apple got a price target increase from Wells Fargo. As catalysts, Boss cited broad-based demand for Abercrombie, growth upside for Hollister and a ramp-up in Abercrombie's international brand momentum. Analyst James Faucette also lifted his price target to $175 from $154. Fidelity National Information Services stock closed at $75.25 on Friday afternoon, slightly below analyst James Faucette's $79 price target. — Lisa Kailai Han 5:51 a.m.: Wells Fargo raises Apple price target Wells Fargo is getting more bullish on Apple ahead of earnings.

Persons: Apple, Guggenheim, Fitch, Matthew Boss, Abercrombie, Boss, — Lisa Kailai Han, Morgan Stanley, James Faucette, Clover, Faucette, Raymond James, Estee Lauder, Olivia Tong, Tong, James Faucette's, Piper Sandler, Harsh Kumar, Kumar, NVDA, CrowdStrike, John DiFucci, DiFucci, Wells, Aaron Rakers, Fred Imbert Organizations: CNBC, Tech, Apple, JPMorgan, Abercrombie, Abercrombie & Fitch, Fitch, Fidelity National Information Services, Blackwell, Nvidia, Guggenheim, Apple Intelligence Locations: Wells Fargo, CrowdStrike, Hollister, Fiserv, U.S, China, CSPs

☆ Earnings playbook: Your guide to a busy week of earnings, including Alphabet and Tesla
▼ + stars: | 2024-07-21 | by ( Fred Imbert | ) www.cnbc.com time to read: +7 min

What history shows: Data from Bespoke Investment Group shows GM beats earnings expectations 87% of the time. Tesla is set to report earnings after the close. What history shows: Bespoke data shows GM beats earnings expectations 62% of the time. What history shows: Ford earnings exceed estimates nearly 70% of the time, according to Bespoke. This quarter: Earnings for the airline are expected to have fallen more than 10% from the year-earlier period, per LSEG.

Persons: Michael Wayland, Tesla, Elon Musk, Dan Levy, Ben Kallo, Benjamin Black, Jim Farley, Matthew Swanson, Swanson, AAL, Leslie Josephs Organizations: Big Tech, Google, Ford Motor, IBM, General Motors, CNBC, Tuesday, GM, Investment Group, LSEG, Barclays, Energy, Deutsche Bank, Wednesday Ford, Ford, Ford Pro, RBC, Thursday, Airlines, American Airlines, Investors Locations: China

☆ The science you need to know before seeing 'Twisters'
▼ + stars: | 2024-07-19 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +8 min

Read previewYou don't need to know a lot about tornadoes to understand the massive storms you'll see on screen in the new film "Twisters," debuting in US theaters Friday. 22 science terms to know before seeing 'Twisters'Cap: A layer of warm air thousands of feet high in the atmosphere that can slow or stop the formation of a thunderstorm. Sandwiched between warm, moist air and cold, dry air, the cap can also increase instability and cause a severe storm if it's removed. Eric Kurth/NOAADoppler radar: The National Weather Service's Doppler radars look like they have giant golf balls sitting on top of them. Recent research suggests severe storm activity is shifting to states like Alabama, Arkansas, Kentucky, Louisiana, Mississippi, and Tennessee.

Persons: —, Eric Kurth, Ted Fujita, Paul Huffman, Sakuhei Fujiwhara, Matthew Cappucci, it's, Paul Markowski, Yvette Richardson, Joseph, Louis Lagrange, Sean Waugh Organizations: Service, Business, The Washington Post, NOAA, Tornadoes, NWS, FEMA, NASA, Federal Emergency Management Agency, National Aeronautics and Space Administration, Oceanic, Atmospheric Administration, National Weather Service, Library, Laboratory Locations: Elkhart , Indiana, Oklahoma, It's, Norman , Oklahoma, Kansas, Kansas , Nebraska , Oklahoma, Texas, Alabama , Arkansas , Kentucky, Louisiana , Mississippi, Tennessee

☆ More teens are working. Here's why a job is 'becoming more compelling' for them, economist says
▼ + stars: | 2024-07-18 | by ( Genna Contino | ) www.cnbc.com time to read: +2 min

Last month, more than 5.7 million 16- to 19-year-olds participated in the labor market, Bureau of Labor Statistics data shows, marking the highest teen employment rate in June since 2007. Economists say more teens have been drawn to the workforce because of a hot labor market with more attractive wages. And as long as the economy stays strong, experts aren't expecting a dip in teen employment on the horizon. Economists say the overall direction teen employment takes depends heavily on where the economy is headed. A perfect storm of a tight labor market, rising wages, high education costs and curbed immigration could result in continued higher youth employment, Nestler said.

Persons: Jeff Greenberg, aren't, Brad Hershbein, Hershbein, Young, Matthew Nestler, they're, Nestler Organizations: Universal, Getty, of Labor Statistics, . Upjohn Institute, Employment Research, KPMG, CNBC Locations: Miami Beach , Florida

☆ Defense stocks historically benefited from Republican control. Analysts warn this may not be the case under Trump
▼ + stars: | 2024-07-16 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Defense has historically outperformed when there's been a single party in control across Congress and the executive branch — in particular, the Republican Party, according to Wells Fargo analyst Matthew Akers. However, Akers believes the defense sector may not benefit if there's a Republican sweep this election cycle. Another two years of low growth for both defense and non-defense looks likely to us," Akers wrote in a Tuesday note. The firm said a Trump presidency is positive for the defense sector. The firm cited the Republican Party's platform, which highlights a "strong military," restoring peace and "made in America" defense systems.

Persons: there's, Wells, Matthew Akers, Donald Trump, Joe Biden, Akers, Trump, TD Cowen Organizations: GOP, Defense, Republican Party, Democrat, Republican, NATO, Ukraine, Caucus, China, Boeing, " Aircraft, Akers, U.S . Aerospace & Defense ETF, ITA Locations: Wells Fargo, U.S, China, America

☆ Monday's analyst calls: Apple upgraded on AI push, Nvidia price target increased
▼ + stars: | 2024-07-15 | by ( Brian Evans | ) www.cnbc.com time to read: +4 min

Loop Capital upgraded Apple to buy from hold and TD Cowen increased its price target on Nvidia to $165 per shares. The analyst initiated coverage of Datadog on Monday with an outperform rating, alongside a $150 per share price target. The analyst downgraded the bank stock to neutral from buy, but stood by his $65 per share price target. Donovan upgraded the iPhone maker to buy from hold on Monday, and increased his price target to $300 per share from $180. The analyst upped his price target on the AI darling to $165 per share from $140 and reiterated his buy rating.

Persons: Cowen, Morgan Stanley, DDOG, Kirk Materne, skews, Materne, — Brian Evans, Keith Horowitz, John Donovan, Donovan, TD Cowen, Blackwell, Hopper, Matthew Ramsay, Ramsay, Wall, Brian Evans Organizations: CNBC, Apple, Nvidia, ISI, DDOG's TAM, Citi downgrades Bank of New York Mellon Citi, Bank, New, Bank of New York Mellon, Capital, Blackwell, NVIDIA Locations: New York

☆ These bank stocks yield more than 5% — and they are ‘poised to thrive,’ Piper Sandler says
▼ + stars: | 2024-07-11 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

Regional bank stocks are having an underwhelming year, but investors who are on the hunt for good dividend payers might find a few gems, according to Piper Sandler. "Given the recent pullback in bank stock prices, we are finding lots of regional and community bank stocks that have eye-catching dividend yields," wrote Mark Fitzgibbon, managing director at Piper Sandler, in a Thursday report. There is more to picking solid dividend stocks than just going by the yield. Piper Sandler further whittled down the list by eliminating companies that had cut their dividends over the past decade. Piper Sandler called out Heritage Commerce of San Jose, California, as a bank worth snapping up.

Persons: Piper Sandler, Mark Fitzgibbon, Fitzgibbon, Andrew Liesch, Matthew Clark, Clark Organizations: Regional Banking, Brookline Bancorp, Heritage Commerce, Pacific Premier Bancorp Locations: Boston, Brookline, San Jose , California, Irvine , California

Supply and DemandThe case for housing deregulation starts with Econ 101: Allowing builders to significantly increase housing supply leads to much lower prices. It isn’t rising demand, as the U.S. population rose even faster back when housing prices were roughly stable. Standard of LivingWhat would happen if homebuilders could once again freely build until housing prices were driven back down to cost? The admittedly small number of studies on the link between YIMBY and babies support common sense: Less regulation lowers housing prices, and lower housing prices generally raise birth rates and hasten child-bearing. In a rational world, the panacea policy of housing deregulation would be a done deal.

Persons: Ben Denzer, Taylor, Wharton, homebuilders, Thomas Piketty’s, ”, Matthew Rognlie, Peter Ganong, Daniel Shoag, Anne Case, Angus Deaton Organizations: Republicans, Research, Area, Wharton, Francisco, Francisco Los Angeles New, Francisco Los Angeles New York Phoenix Denver Houston Dallas, Japan Japan France France Britain Britain, Japan Japan France France Britain Britain Canada, → Utah Nevada Arizona New, San, San Francisco New, Atlanta Houston Boston, Democrats, Republican Locations: Minnesota , Oregon, California, New York City, Houston, Dallas, Francisco Los, Francisco Los Angeles New York, Wharton, United States, Japan, France, Britain, Canada, U.S, Japan Japan France France, Japan Japan France France Britain Britain Canada Canada, Bay, Dodge, → California Nevada Florida New York Arkansas, → Utah Nevada Arizona, → Utah Nevada Arizona New York West Virginia, Washington, San Francisco, San Francisco New York Los Angeles Rochester, N.Y, Atlanta

☆ RBC's top stock ideas for the rest of the year include First Solar
▼ + stars: | 2024-07-09 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

As the third quarter kicks off, RBC Capital Markets added a solar company and oil giant to its list of Top 30 Global Ideas for 2024. RBC's list includes the firm's highest-conviction stocks offering strong, long-term upside potential that its analysts view as "well-positioned in the current environment." For the third quarter, RBC added solar solutions provider First Solar , oil giant Shell and global logistics provider Brambles to its list. The bank also removed Mastercard and Alnylam Pharmaceuticals , which was its best-performing stock in the group last quarter. Digital payments stock PayPal is another RBC pick, with its price target suggesting 42% potential upside over the next year.

Persons: Graeme Pearson, CrowdStrike, Matthew Hedberg, Hedberg, Daniel Perlin, Brambles Organizations: RBC Capital Markets, RBC, Mastercard, Alnylam Pharmaceuticals, Big Tech, Pearson, PayPal, Shell, Australian, RBC . Locations: U.S

☆ What are the best galleries in London? Artists choose their favorites
▼ + stars: | 2024-07-03 | by ( Lucy Handley | In | ) www.cnbc.com time to read: +6 min

Royal Academy of Arts, London / David ParryLondon has long been home to some of the world's leading art galleries — Tate Modern, Somerset House and the National Gallery are among the U.K.'s most visited attractions. CNBC asked a mix of artists to name their favorite public and commercial galleries to visit in London — large or small. Contemporary galleries — and an upscale hotelMultidisciplinary artist Lauren Baker, who is exhibiting at the Venice Biennale until November, named contemporary galleries — and a hotel — as her favorite places to see art in London. Her top London galleries include the Royal Academy of Arts, for its "wonderful" exhibitions, she told CNBC by email. Rob Stothard | Getty ImagesEdwards also likes major London galleries Tate Modern and Tate Britain.

Persons: David Parry London, Lauren Baker, Alice, It's, Rachael Louise Bailey, Matthew Harris, Baker, Woolff, Apolline Bokkerink, Joanne Tinker, Jeff Greenberg, Matthew Flower, Amanda Wilkinson —, Maureen Paley, Gillian Wearing, Wolfgang Tillmans, Ratnam, Katharine Edwards, Mark Rothko's, Rothko, Rob Stothard, Edwards, Mark Rothko, Komal Madar, Kandinsky, Munter, Komal, Madar, Judy Chicago's, Modigliani, Gilbert Proesch, George Passmore, Gilbert, Joe Maher, Tom Oldham, Dave Grohl, Usain Bolt, Gilbert Prousch, Oldham, Queen Elizabeth II, Andy Warhol, Phillips, Dan Kitwood Organizations: Royal Academy of Arts, Royal Academy of Arts ,, Somerset House, CNBC, Venice Biennale, Alice Black Gallery, Universal, Getty, Turner, Tate Galleries, Cricket Fine, London's Tate, Tate, Tate Britain, Seagram, Gilbert & George Centre, Oldham, George Centre, . Locations: London, Royal Academy of Arts , London, Venice, London's Soho, Fitzrovia, Mayfair, Andalusia, Spain, London's Chelsea, New York, Serpentine, Hyde, London's Bermondsey, Islington, Soho, England

☆ Here are JPMorgan’s top stock picks heading into July
▼ + stars: | 2024-07-01 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

"Unwarranted discount versus peers given improved fundamentals and EBITDA/ FCF growth," JPMorgan wrote. JPMorgan's $2,400 price target implies the stock could rally nearly 43%. Bank of America also hiked its price target to $2,150 from $2,000, calling the stock one of its top picks . However, Analyst Matthew Boss' $157 price target means that the stock could climb 48% from here. Other stocks that made JPMorgan's list include industrials manufacturer Danaher , energy company Entergy and chemicals firm DuPont De Nemours .

Persons: BancShares, Harlan, Jefferies, JPMorgan's, Vivek Arya, PVH, Calvin Klein, Tommy Hilfiger —, Matthew Boss, Jay Sole, De Organizations: JPMorgan, Telecommunications, AT, Federal Reserve, Citizens, Broadcom, Bank of America, UBS, De Nemours Locations: Friday's

☆ The US economy is in a 'selective recession' as lower-income consumers struggle and high-income households see huge wealth creation, JPMorgan strategist says
▼ + stars: | 2024-06-28 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +1 min

The economy is already in a "selective recession," according to JPMorgan's Matthew Boss. The top 10% of American earners have gained more than $30 trillion in wealth since 2020, Fed data shows. AdvertisementThe US economy is being split by a "selective recession," as some consumers see "huge" wealth creation while others struggle to get by, according to JPMorgan analyst Matthew Boss. The equity analyst pointed to the divide between low-income and high-income consumers. High-income consumers are thriving, evidenced by the $40 trillion worth of spending they're driving into the economy, which is around half of all consumer spending in the US, Boss estimated.

Persons: JPMorgan's Matthew Boss, —, Matthew Boss Organizations: Service

In this audio essay, the sociologist Matthew Desmond interviews a resident of the Water Street Mission shelter in Lancaster, Pa., about what makes it so unique. “Here’s a place that is treating people in their full humanity,” Mr. Desmond says. “It’s looking past their hardships, past their addictions, past their homelessness to see people’s promise, to see people’s beauty. And wouldn’t it be amazing if that was the norm instead of the exception.”Below is a lightly edited transcript of the interview. To listen to this piece, select the play button below.

Persons: Matthew Desmond, ” Mr, Desmond, “ Locations: Lancaster, Pa

☆ This small-cap tech stock is set to rally nearly 30%, TD Cowen says
▼ + stars: | 2024-06-25 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Credo Technology has emerged to take the crown as TD Cowen's top small- and mid-cap stock pick after a red-hot start to the year. Analyst Matthew Ramsay also upped his price target for the stock to $35 from $24, implying that Credo shares could rally 28% from Monday's close. Specifically, he thinks that Credo's revenue could inflect in the second half of its fiscal year as a number of its programs begin to ramp, including some GenAI buildouts. Credo's key program ramps within its active electrical cables at Microsoft and Amazon should also play a role in pushing the company's fundamentals higher. "Overall, we see the diversification of the company's revenue base as a key de-risking of the model and should benefit the durability of revenues going forward," Ramsey said.

Persons: Matthew Ramsay, Ramsay, there's, Ramsey Organizations: Technology, Microsoft, Active Electrical Cable Locations: Monday's

☆ Barbara Gladstone, 89, Dies; Art Dealer With a Personal Touch and Global Reach
▼ + stars: | 2024-06-20 | by ( Will Heinrich | ) www.nytimes.com time to read: +1 min

Barbara Gladstone, an art dealer whose eye for spotting talent and knack for nurturing it helped her to build one of the largest and most influential contemporary art galleries in New York, died on Sunday in Paris. She was 89. Her gallery said her death, in a hospital, was caused by an ischemic event, whose symptoms are similar to those of a stroke. Ms. Gladstone, who was on a working trip to Paris, lived in Manhattan. What brought these disparate artists together on her list was her abiding interest in them personally and the devoted way she husbanded their work.

Persons: Barbara Gladstone, Gladstone, Robert Rauschenberg, Keith Haring, Elizabeth Murray, Matthew Barney, Mario Merz, Alighiero Boetti, Richard Prince, Robert Bechtle, Shirin Neshat, Wangechi Mutu, LaToya Ruby Frazier Organizations: Italian Arte Locations: New York, Paris, Manhattan, Italian

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