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☆ AI hype is supportive of stock valuations, but cracks are emerging elsewhere, warns Schwab's Sonders
▼ + stars: | 2024-06-17 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

But while fundamental factors around these names are supportive of their multiples, the market isn't in the all-clear zone, according to Charles Schwab chief investment strategist Liz Ann Sonders. "AI and its enthusiasm — I think that's very legitimate," Sonders told CNBC's " Squawk on the Street " on Monday. "At this stage in the game, the trajectory of earnings, you could argue, is supportive of valuations." In contrast to the dot-com bubble, the current AI rally has much stronger fundamental factors correlated to momentum, Sonders said. "You're looking at the party of stocks and what they're doing, or just what the index is doing courtesy of a very small number of stocks," Sonders said.

Persons: Charles Schwab, Liz Ann Sonders, Sonders, CNBC's, brining Organizations: Nvidia

☆ I've been a chef for 15 years. Here are my 6 tips for making the best grilled chicken.
▼ + stars: | 2024-05-22 | by ( Alissa Fitzgerald | ) www.businessinsider.com time to read: +5 min

Read previewWhether you're having people over or bringing a meal to a potluck, grilled chicken is always a crowd-pleaser. Buy high-quality chicken from a trusted sourceIt's important to read the labels on your chicken. Joe Gough/ShutterstockFirst and foremost, buy a good chicken from a trusted source. AdvertisementDon't underestimate the power of marinades, cures, and brinesA good marinade or brine can add even more flavor to a chicken. Getty ImagesA good BBQ sauce can bring finger-licking qualities to your chicken, but don't add it too soon.

Persons: —, I've, Joe Gough, Shutterstock, isn't, wiggle Organizations: Service, Business

☆ I recreated 3 popular fast-food chicken recipes in my air fryer, and one was better than the original
▼ + stars: | 2024-04-08 | by ( Lucien Formichella | ) www.businessinsider.com time to read: +13 min

Dredging the chicken involved dipping it in an egg mixture and the flour mixture. Lucien Formichella for InsiderThe dredging process went well, though I definitely should've made more. It was relaxing to drop the chicken into the flour mixture, then the eggs, then back in the flour. Lucien Formichella for InsiderAfter putting the chicken in the air fryer, I genuinely wondered how the tenders would turn out because Popeyes chicken has such a distinct flavor. I left the second precisely as it came out of the bowl, figuring more of the flour mixture would stick to it.

Persons: —, fryer, I've, Here's, Lucien Formichella, I'm, I'd, fryer beeped, smokey, would've Organizations: Service, Business, KFC —, KFC Locations: Brussels, Louisiana

RICHMOND, Va. (AP) — A GOP legislative effort to prevent Virginia children from using the popular video-sharing app TikTok — an idea backed by Republican Gov. Jay Leftwich of Chesapeake, was left in a House of Delegates committee after concerns were raised about how the ban would be enforced. Leftwich also said he brought the bill out of mental health and data privacy concerns for young people. “But I will not be supporting this bill because I think it’s unfair to single out TikTok,” she said. “We’ve long said bans, like the one proposed in this legislation, are not only the wrong approach, but also raise significant First Amendment concerns," Brown said.

Persons: Glenn Youngkin —, Republican Del, Jay Leftwich, Lawmakers, Youngkin, Leftwich, ”, —, Holly Seibold, Jamal Brown, We’ve, Brown, Macaulay Porter, “ Organizations: —, Republican Gov, Democratic, Republican, Inc, Commonwealth, TikTok Locations: RICHMOND, Va, Virginia, Chesapeake, Fairfax County, Commonwealth

☆ I tried Guy Fieri's baked-potato recipe, and it was actually worth the 7-hour wait
▼ + stars: | 2024-01-23 | by ( Paige Bennett | ) www.businessinsider.com time to read: +3 min

The time-consuming baked-potato recipe from celebrity chef Guy Fieri is worth the wait. AdvertisementWhile the potatoes baked, I whipped up a horseradish sour creamThe topping was very easy to make. Paige BennettFieri serves the potatoes with a quick horseradish sour cream, which consists of horseradish (I used store-bought), sour cream, salt, and black pepper. AdvertisementI topped the spud with a generous amount of the horseradish sour cream and quickly devoured it. But I enjoyed a few bites of it paired with the horseradish sour cream, which balanced out all the salt.

Persons: Guy Fieri's, —, I'd, Guy Fieri, Paige Bennett, Paige Bennett Fieri, it'd Organizations: Service

☆ I answer the Butterball turkey hotline. I get lots of funny questions on Thanksgiving Day.
▼ + stars: | 2023-11-23 | by ( Jenny Powers | ) www.businessinsider.com time to read: +8 min

Phyllis Kramer is a Butterball Turkey Talk-Line expert based in Aurora, Illinois. AdvertisementI've been talking turkey on the Butterball Talk-Line for 22 years now. AdvertisementSome people assume my job must be easy, but they couldn't be more wrongKramer answers calls to the Butterball Turkey Talk-Line. AdvertisementOur average call lasts 3 minutes, and the most common question is how to thaw a frozen turkeyA herb- and citrus butter-roasted Butterball turkey. I always thaw turkey in the refrigerator.

Persons: Phyllis Kramer, She's, —, I've, Kramer, I'm, we're, we've, parsnip, it's, We'll Organizations: Service, Canadian, Foods, Butterball University Locations: Turkey, Aurora , Illinois, Butterball Turkey, Naperville , Illinois

Earlier in the day, the S&P 500 (.SPX) and the Nasdaq (.IXIC) had dropped to their lowest level since June, while the Dow (.DJI) stooped to an over two-month low. While energy (.SPNY) jumped over 1% to lead gains among major S&P 500 sectors, utilities (.SPLRCU) and real estate (.SPLRCR) were the worst hit. "Because of worries over rising oil prices, rising dollar, rising interest rates, we could see some additional weakness in this traditionally soft seasonal period." Declining issues outnumbered advancers for a 1.20-to-1 ratio on the NYSE and a 1.07-to-1 ratio on the Nasdaq. The S&P index recorded one new 52-week high and 41 new lows, while the Nasdaq recorded 24 new highs and 297 new lows.

Persons: Brendan McDermid, stooped, Jerome Powell, Sam Stovall, Austan Goolsbee, Jefferies, JD.com, advancers, Ankika Biswas, Shashwat Chauhan, Arun Koyyur, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Nike, Nasdaq, Federal Reserve, Apple, Nvidia, Dow, CFRA, Dow Jones, Chicago Fed, CNBC, PDD Holdings, Baidu, NYSE, Thomson Locations: New York City, U.S, Bengaluru

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 11, 2023. The indexes also eyed their first quarterly declines so far this year heading into the last days of September. Consumer staples (.SPLRCS) and utilities (.SPLRCU) were the worst hit among the major S&P 500 sector indexes, while energy (.SPNY) was the top gainer. Meanwhile, Chicago Fed president Austan Goolsbee in an interview on CNBC stressed on the need to brining inflation back to the 2% target, after some Fed policymakers last week warned of further hikes. The S&P index recorded no new 52-week highs and 37 new lows, while the Nasdaq recorded 16 new highs and 225 new lows.

Persons: Brendan McDermid, Jerome Powell, Thomas Martin, Austan Goolsbee, Walt Disney, Jefferies, JD.com, advancers, Ankika Biswas, Shashwat Chauhan, Arun Koyyur, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Companies Media, Nike, Dow, Nasdaq, Major U.S, Federal Reserve, Microsoft, GLOBALT Investments, Traders, Dow Jones, Chicago Fed, CNBC, Media, Netflix, PDD Holdings, Baidu, NYSE, Thomson Locations: New York City, U.S, Major, Bengaluru

☆ Asking prices for UK homes slip as Bank of England's rates rises bite, survey shows
▼ + stars: | 2023-07-16 | by ( ) www.reuters.com time to read: +2 min

Property website Rightmove said average asking prices of homes coming onto the market declined by 0.2% last month, compared with the 0% norm for this time of the year. Tim Bannister, director of property science at Rightmove, said stubborn inflation and further mortgage rate rises contributed to the fall in prices and number of agreed sales. "The interest-rate brakes being applied more strongly to slow the economy are now beginning to bite in the housing market," Bannister said. The central bank increased its Bank Rate by more than expected to 5% in June, pushing up the cost of mortgage borrowing. Average two-year fixed mortgage rates reached a 15-year high last week.

Persons: Rightmove, Tim Bannister, Bannister, Suban Abdulla Organizations: ., Nationwide, Halifax, Bank of England, Thomson Locations: Britain

☆ The Secret to Better Salmon Is Salt
▼ + stars: | 2023-05-21 | by ( Sam Sifton | ) www.nytimes.com time to read: +1 min

J. Kenji López-Alt went full Kenji recently and dove deep into the process of dry-brining salmon to achieve firmer, juicier, less albumin-stained cooked fillets. Which means if I can get to the store early today, I can make Ali Slagle’s new recipe for teriyaki salmon or my old one for pan-roasted salmon with jalapeño (above) this evening, and eat it with steamed rice and Mark Bittman’s salad of asparagus ribbons tossed in sesame oil and rice vinegar. As for the rest of the week. “Just made this and mid-meal felt the urgent need to come here and rave about it,” one subscriber noted on the recipe. “Super easy and super quick to make!”

☆ Arrowstreet, Coatue Management among big hedge funds buying Meta in first quarter
▼ + stars: | 2023-05-15 | by ( David Randall | ) www.reuters.com time to read: +1 min

NEW YORK, May 15 (Reuters) - Prominent hedge funds including Arrowstreet Capital LLC, D1 Capital Partners and Coatue Management LLC were among the investors that bought shares of Meta Platforms Inc in the first quarter of the year, amid an eye-popping rebound in the Facebook-parent’s stock. Arrowstreet Capital added about 5 million shares during the quarter, brining its total position to slightly more than 7 million shares, while Coatue more than doubled its position in the company by buying 4.2 million shares. Winslow Capital Management, meanwhile, initiated a new position in the firm by buying about 927,000 shares, and D1 Capital Partners bought slightly more than 1 million shares. Norges Bank, the central bank of Norway, was the largest seller among all firms, unloading more than 35 million shares during the quarter. Two Sigma Investments sold its entire stake of about 569,000 shares, while Glenview Capital Management, run by billionaire Larry Robbins, sold its entire stake of about 526,000 shares, according to filings.

☆ I'm a turkey expert for the Butterball hotline. You'd be surprised how many odd and panicked calls I get on Thanksgiving Day.
▼ + stars: | 2022-11-23 | by ( Jenny Powers | ) www.businessinsider.com time to read: +9 min

Phyllis Kramer is a Butterball Turkey Talk-Line expert based in Aurora, Illinois. All the talk-line experts took calls remotely from homeTraditionally, we take calls side by side in one big room housed inside a building located in Naperville, Illinois. Our average call lasts 3 minutes, and the most common question is how to thaw a frozen turkeyA herb- and citrus butter-roasted Butterball turkey. I've also heard from people mixing it up and making Greek turkey, Cajun turkey, and even a Southwestern one. I always thaw turkey in the refrigerator, so that's where it is right now.

☆ 'Bring the pain': Major banks raise forecasts for rate hikes after Fed's stern actions
▼ + stars: | 2022-09-22 | by ( Jeff Cox | ) www.cnbc.com time to read: +6 min

Goldman Sachs The call : A 75 basis point move in November, 50 basis points in December and 25 basis points in February, for a peak of 4.5%-4.75%, up half a percentage point from the previous expectation. Citigroup The call : November to see 75 basis points, followed by 50 in December and 25 in February, adding a cumulative 25 basis points for a terminal rate of 4.5%-4.75%. Both calls were 25 basis points higher than previous. One more 25 basis point hike in February, followed by a 50 basis point cut "in the latter portion of the year." UBS The call : 75 basis points in November, another 50 in December, with three 25 basis point cuts later in 2023.

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