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☆ Future Proof gathering in California surf town is trying to reinvent the investment conference
▼ + stars: | 2024-09-16 | by ( Bob Pisani | ) www.cnbc.com time to read: +7 min

More than 4,000 people have descended here for the Future Proof conference , a vast social gathering designed to give younger registered investment advisors and other investment professionals access to what they want. What they want, apparently, is an intense desire to network with other RIAs and investment professionals and find ways to grow their business. Reimagining the financial conference Future Proof is the brainchild of Barry Ritholtz, co-founder, chairman, and chief investment officer of Ritholtz Wealth Management, and CEO Josh Brown. This is the third year for the conference, but Ritholtz and company have been doing conferences for 15 years. Ritholtz describes it as an ongoing project to reinvent the financial conference concept, which he says is "moribund."

Persons: Barry Ritholtz, Josh Brown, Ritholtz, Van Eck, Matt Middleton, Adarsh, Brett Rodgriguez, Delon Mansour, Mansour, Shyamsundar, Harris, Consulting's Brett Rodgriguez, Akash Shah, Shannon Saccocia, Raj Dhanda, Ares Management, John Christmas, RIAs, They'll, Mike Novogratz, Anna Paglia, Bryan Whalen, Saira Malik, Lauren Goodwin, Scott Wapner, DoubleLine Capital's Jeff Gundlach, CNBC's, Jan van Eck, Matt Hougan, DJ Mick, There's, Bob Pisani, Jon Maier, JP Morgan, Pisani, Jan Van Eck, Marlena Lee, That's Organizations: Ritholtz Wealth Management, JPMorgan Chase, Capital Group, Street Global Advisors, Funds, Polaris Capital Management, Graystone Consulting, Investments, Investment, Ares, HPS Investment Partners, Global, Life Investments, Bitwise, Management, Dimensional Fund Advisors Locations: HUNTINGTON BEACH, Calif, Los Angeles, Iowa, California, Huntington Beach, San Diego, Michigan, ETFEdge.cnbc.com

☆ Stocks linked to the economy are acting poorly, especially this bellwether, according to the charts
▼ + stars: | 2024-09-12 | by ( Carter Braxton Worth | ) www.cnbc.com time to read: +2 min

Year to date, the S & P 500 machinery group is up only 8% versus the S & P 500 industrial sector, which is up 12%. The S & P 500 itself which is up 16%. We remain underweight industrials generally, and machinery stocks specifically. Here's S & P 500 machinery industry comprising 17 stocks with a total market capitalization of $764 billion: The 2-panel chart below depicts the S & P 500 machinery industry marking new highs the past 18 months, yet a series of lower relative highs to the market. Top Panel: S & P 500 Machinery Industry Group Bottom panel: Machinery's Relative Performance to the S & P 500 Index Caterpillar chart below... we're sellers here.

Persons: Here's, Carter Braxton Worth Organizations: Caterpillar, Machinery Industry, CNBC, NBC UNIVERSAL Locations: U.S

☆ Cash is yielding 5% and many Americans are still missing out. How to juice your savings
▼ + stars: | 2024-07-19 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Today's high interest rate environment has led to rising borrowing costs for consumers, but there is a silver lining for savers: Their idle cash can generate plenty of income – if they can find the right savings products. The Federal Reserve's key interest rate is sitting at a target range of 5.25% to 5.5%, its highest level in more than 22 years . The firm found that about six out of 10 middle-income Americans are leaving their money in lower-yielding accounts, even as interest rates have risen. "Or, there's a perception that the switching costs, or the friction, related to making a change is more work than the benefit of getting higher rates." Meanwhile, LendingClub offers a 1-year CD at a 4.4% APY, while its high-yield savings account offers a 5% APY.

Persons: Tim Wennes, There's, Wennes, —, Darla Mercado Organizations: Santander U.S, Federal, Financial, LendingClub

The next round of filings for spot ether ETFs with the SEC is due today, part of the ongoing regulatory process required before spot ether ETFs can be launched. One thing's for sure: the launch of spot bitcoin ETFs this year has been a success. That's still true for this year, but two of the top 10 ETF inflows year to date have been into spot bitcoin ETFs: iShares Bitcoin Trust (IBIT) at number four, and Fidelity Wise Origin Bitcoin Trust (FBTC) at number eight. Would 50% of the inflows of the spot bitcoin ETF be a win? We'll talk about this with Matt Hougan from Bitwise Asset Management, one of the applicants for a spot ether ETF.

Persons: That's, iShares, Matt Hougan, Matt, Nate Geraci Organizations: SEC, Nasdaq, Fidelity, Bitcoin, Stock, Aggregate, Blackrock US, Bitwise Asset Management, Edge

☆ Nvidia gets rare Wall Street downgrade on valuation concerns
▼ + stars: | 2024-07-05 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

New Street Research is raising the alarm on shares of Nvidia after the chip giant's June rally. Shares of Nvidia have surged 159% so far this year, building on an AI-fueled rally that kicked off in late 2022 when ChatGPT debuted. Any negative opinion on Nvidia is pretty much unheard of these days on Wall Street. There was only one other downgrade of Nvidia from buy to hold this year, by Germany's DZ Bank in May. Given this contrarian outlook, New Street set a $135 price target on Nvidia, assuming a 35 times multiple, in line with its 2019 and early 2020 multiple.

Persons: Pierre Ferragu, ChatGPT, Ferragu Organizations: New, Research, Nvidia, Germany's DZ Bank

☆ Danaher's rally shows how sticking with a troubled stock of a good company can pay off
▼ + stars: | 2024-05-15 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Market talk : The S & P 500 and Nasdaq jumped to new intraday highs Wednesday, extending the gains from the prior session's late-day rally. In fact, the S & P 500 broke above 5,300 for the first time ever. The one thing we're staying guarded about in this rally is how overbought the stock market has become. You have to go back to last December to find a time when the S & P 500 Short Range Oscillator was this overbought. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, Dow, Jan, Danaher, prudently, Cramer, we're, Jim Cramer's, Jim Organizations: CNBC, Nasdaq, Bank of America Healthcare, Disney, Cisco Systems, Walmart, Deere, Baidu, Jim Cramer's Charitable Locations: China

☆ Racism Alleged at Multiple Globe Life Affiliates
▼ + stars: | 2024-05-10 | by ( Susan Antilla | ) www.businessinsider.com time to read: +20 min

"If I'd brought it up, I would have been blackballed," he told BI. She told BI that Lobello frequently sent her racist memes he found online that contained the N-word. AdvertisementBell, in the hat at right, at a team dinner for an AIL agency then known as Giglione-Ackerman. In the areas she was assigned, she told BI, "most of the people were uninsurable" because of poor health, hard drug use, and poverty. If you work at Globe Life or AIL and have information to share about the company, please contact Susan Antilla at susan.antilla1@gmail.com .

Persons: Domenico Bertini, Chris Selejan, Rob Gray, James " Bo, E, Gentile, Organization —, Frank Svoboda, Warren Buffett's Berkshire Hathaway, Fuzzy Panda, Scott Dehning, AIL, Dehning, Jennifer Haworth, I'd, John L, Ann Marie Arcadi, Gray, Eric Giglione, Giglione, Bell, He'd, Brian W, Fraser, Popeyes, Morgan Lobello, Lobello she'd, y'all, Lobello, David Zophin, Ackerman, Andy Mercado, texted, quieted, Bell's, Raynaldo Lafontant, David Ackerman, Lafontant, Mercado, Sarah Reay, Reay, Debra Gamble, Gamble, Nicole Korkolis, Donnaya Presberry, Presberry, Abeni, Mayfield, Amy Williamson, Abeni Mayfield, Rosem Morton, Silvana Pajor Flores, Pajor Flores, Susan Antilla Organizations: Globe Life, Business, Globe, New York Stock Exchange, Texas Rangers, Dallas Cowboys, Organization, BI, Department of Justice, Research, Latina, Ackerman Agency, New Jersey Superior Court, SEAT, Giglione, Commission, Professional Employees International Union, Liberty National Division, Liberty National, Edison, AIL Locations: Kentucky, Bertini, Pennsylvania, McKinney , Texas, Michigan, West Virginia, New Jersey, Argentina, Aurora , Colorado, Edison , New Jersey, Edison, Giglione, Morgantown , West Virginia, Moon Township , Pennsylvania, Pittsburgh, Columbia , Maryland, Cumberland , Maryland, Kansas, Waco , Texas, Colorado, AIL, susan.antilla1@gmail.com

☆ Will China's comeback stock rally last? Wall Street weighs in and shares stock picks
▼ + stars: | 2024-05-07 | by ( Weizhen Tan | ) www.cnbc.com time to read: +5 min

China stocks have staged such a strong rally after a protracted slump for the past few years that they're beating even the S & P 500 so far this year. The MSCI China index, which includes the mainland A-shares, Hong Kong-listed shares and U.S.-listed China names, has jumped around 9%, while the KraneShares CSI China Internet ETF is up around 13%. Most analysts said whether the rally can be sustained will largely depend on China policy. How to play China Though most were bullish on China stocks, they would be selective in stock-picking. They include: SPDR S & P China ETF iShares MSCI China A ETF Global X MSCI China Consumer Disc ETF iShares MSCI Hong Kong ETF — CNBC's Michael Bloom contributed to this report.

Persons: Bernstein, it's, —, Goldman Sachs, Kevin Liu, CICC, Nomura's, Goldman, Kweichow, Ping, Morningstar, Michael Bloom Organizations: U.S, CSI China, Investors, CICC Research, CNBC, BYD, SAIC, Changan Automobile, Energy, Anhui, Cement, JPMorgan, Kuaishou, Ping An Insurance, China Merchants Bank, Hong, China, iShares, China Consumer Locations: China, Hong Kong

☆ China is building a huge network of satellites that could be used against US troops: intel chief
▼ + stars: | 2024-05-03 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

China has developed a large network of military satellites. AdvertisementChina has developed a network of hundreds of military satellites that could be used to target US troops, a Pentagon official warned. Maj. Gen. Greg Gagnon, deputy chief of space operations for intelligence, told a conference on Thursday that China had developed a sophisticated military satellite program. He said it could be used to track and target US troops moving to defend Taiwan, Defense One reported. "For the first time in decades, US leadership in space and space technology is being challenged," Meink added.

Persons: —, Greg Gagnon, Gagnon, we're, America —, Troy Meink, Space.com, Meink Organizations: Pentagon, Service, Defense, National Reconnaissance Office Locations: China, Taiwan, America, Colorado

☆ 12 portfolio companies report earnings in the week ahead. What we want to hear from each
▼ + stars: | 2024-04-27 | by ( Zev Fima | ) www.cnbc.com time to read: +15 min

The action quickly and sharply reversed back to the upside Friday after blowout earnings reports from Alphabet and Microsoft . In the week ahead, earnings are likely to drive the action again, though we'll get a few important macroeconomic reports. Earnings: We've got the biggest week of the earnings season ahead of us, with 12 Club holdings set to report. Eli Lilly 's report Tuesday morning continues to be all about sales of type-2 diabetes treatment Mounjaro and weight-loss drug Zepbound. In DuPont 's report Wednesday morning, we're looking for a continued rebound in its semiconductor business following a sequential increase last quarter.

Persons: Ford, we'll, Dow Jones, We've, Buckle, Eaton, Eli Lilly, Lilly, We're, Estee Lauder, Fabrizio Freda, we've, Linde, Bausch, Royal Philips, Woodward, SIRI, Archer, Johnson, Stanley Black, Decker, BAX, Cardinal Health, Parker, Belden, Jim Cramer's, Jim Cramer, Jim Organizations: Nasdaq, Microsoft, Meta, Google Search, Big Tech, Nvidia, Broadcom, Ford Motor, Honeywell, Danaher, Labor Department, Labor, PMI, Services PMI, GE Healthcare, Amazon Web Services, Starbucks, Deutsche Bank, DuPont, Bausch Health, U.S ., Appeals, Apple, iPhones, Vision, ON Semiconductor, Resource Partners, Franklin Resources, Paramount, Transocean Ltd, Semiconductors, Arch Capital, Logitech International, Lattice Semiconductor, F5 Networks, Sanmina Corporation, GE HealthCare, PayPal, 3M Company, McDonalds, Enterprise Products Partners, Cola Company, Melco Resorts, Entertainment, SiriusXM Holdings, Oatly, American Electric Power Company, Leidos Holdings, Marathon Petroleum, Daniels, Midland Co, Equitrans Midstream Corporation, HSBC Holdings, HSBC, Devices, Caesars Entertainment, Lumen Technologies, Mondelez, Pfizer, CVS Health, Barrick, Mastercard Inc, Cruise Line Holdings Ltd, Kraft Heinz Company, Marriott International, Ares, Generac Holdings, Johnson Controls, Cenovus Energy Inc, Qualcomm, Devon Energy, Paycom, Axcelis Technologies, Coeur D'Alene Mines, Sunnova Energy International, MGM Resorts International, MGM, Solar Inc, Oil, Allstate, Co, Tenable Holdings, Enovix Corporation, Gladstone Capital, Avis Budget Group, eBay, EBAY, LIN, Novo Nordisk, Natural Resources, PENN Entertainment, Apache, ConocoPhillips, InMode Ltd, Baxter International, Cardinal, Regeneron Pharmaceuticals, Apollo Global Management, LLC, Cinemark Inc, Dominion Energy, Coterra Energy, Coinbase, Bill.com Holdings, Booking Holdings, United States Steel, AXT Inc, Materials, Energy, Hershey Company, XPO Logistics, Cboe, American Pipeline, Amneal Pharmaceuticals, Brookfield Business Partners, Brookfield Renewable Corporation, Magna International, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange, Bloomberg, Getty Locations: U.S, megaprojects, China, Eaton, Corning, Coeur D'Alene, Albemarle, ALB, Novo, New York

☆ Jim Cramer's favorite investment themes in this rough market and 3 stocks he likes now
▼ + stars: | 2024-04-25 | by ( Paulina Likos | ) www.cnbc.com time to read: +9 min

Here are the responses from Jim Cramer and Director of Portfolio Analysis Jeff Marks. (Gary, Philadelphia) Jim Cramer: Go to Club holding Costco's website and buy gold. When we do see a lot of parabolic moves happening in the market that's usually a sign for us to start raising cash. (Sonny) Jim Cramer: Former President Donald Trump wants more defense. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer, Jeff Marks, Wells, It's, They're, —, Sonny, Donald Trump, Trump, Joe Biden, James, Johnson, That's, – Alibaba, Eaton, Michael, you've, Anthony, Dupont, Stanley Black, Decker, Eli Lilly –, that's, Nancy, Estee Lauder, they're, Gordon, Cash, Wynn, I'm, it's, Jim Cramer's, Jim Organizations: Investing Club, JPMorgan, Costco, Investing, Abbott Labs, Baidu, PDD Holdings, Bank of America, Nike, Trust, Jim Cramer's Charitable, CNBC Locations: North Carolina, Gary, Philadelphia, , Texas, Bob , Minnesota, Eaton

☆ A data specialist shares the 2-page résumé that got him a $300,000 job at Google — and explains 3 details he got right on it.
▼ + stars: | 2024-04-09 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +5 min

The résumé that landed Virmani a job at Google is two pages long — a decision he defends today. Six months after deciding to switch careers, he landed a role as a data and machine learning specialist at Google's Seattle office. Related storiesHere's the résumé he used to apply for his job at Google, which pays more than $300,000 a year. She sent her video résumé, which took her 10 hours to create, to the hiring manager directly, Kobayashi previously told BI. A Google recruiter saw the video and reached out to her, and she eventually landed a role at the tech giant.

Persons: Ankit Virmani, —, Virmani, Ankit, you'll, Gen Zs, West, Mariana Kobayashi, Kobayashi, Axel Springer Organizations: Deloitte, Google, Service, Microsoft, Business Locations: India, Seattle, shubhangigoel@insider.com

☆ Watches and Wonders 2024: The best women’s watches on show
▼ + stars: | 2024-04-09 | by ( Sarah Royce-Greensill | ) edition.cnn.com time to read: +7 min

Women’s watches have undergone something of a transformation in recent years, moving beyond an outdated “shrink it and pink it” design school of thought. Courtesy HermèsThe Cut is Hermès’ first new, in-house-designed women’s watch for 20 years — and it’s worth the wait. It also comes in rose gold, diamond-dusted white gold, and in two seriously special High Jewelry iterations which feature stripes of coloured hardstones. Courtesy ChopardBaby blue seems to be the hue for women’s watches this year, and Chopard’s new Happy Sport is a delicious example. Continuing the blue theme, it eschews razzle-dazzle for a confidently chic combination of white gold and lustrous lacquer, in a newly slimmed-down silhouette.

Persons: Patek Philippe, Cartier, Chanel, Couture, Boyfriend Couture, Chanel Chanel’s Couture, Coco Chanel, Van Cleef, Van, you’d, Carrera, Piaget Piaget, They’re, Vacheron Constantin Grand Lady Kalla Vacheron Constantin Grand Lady, Constantin Vacheron Constantin, Kalla Organizations: CNN, Chopard, TAG, IWC, Schaffhausen Locations: Geneva, Switzerland

☆ This ETF has 30% upside as the IPO market heats up, according to the charts
▼ + stars: | 2024-02-28 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +3 min

There are various ETFs that hold recent IPOs, including the Renaissance Capital Greenwich Funds' Renaissance IPO ETF (IPO) . The 200-day moving average is the most popular long-term moving average and one of the best long-term trend indicators. The IPO ETF bounced from the line last fall and has been trading above it through the first two months of 2024. Seeing IPO stay above the upward sloping 200-day moving average is the best-case scenario. Two IPO Holdings Investors should be aware the IPO ETF isn't very liquid, meaning that its average daily volume isn't robust.

Persons: RYAN, Frank Cappelleri Organizations: Renaissance Capital Greenwich Funds, RSI, Ryan Specialty Holdings

☆ Hedge funds took profits in these popular technology stocks during the fourth quarter
▼ + stars: | 2024-02-19 | by ( Samantha Subin | ) www.cnbc.com time to read: +6 min

Hedge funds appeared to take profits in a host of winning " Magnificent Seven " stocks during the fourth quarter at the end of a blowout year for the septet. Still, Nvidia shares rallied 14% in the fourth quarter, extending a 3% gain in the September quarter. Nor was Nvidia the only semiconductor maker that hedge funds cut back on in the fourth quarter. Reducing exposure to the rest of Magnificent Seven Hedge funds also took profits in a handful of other popular Magnificent Seven stocks that helped power 2023's AI-fueled market rally. Beyond the most prominent companies, hedge funds also made key reductions in other popular technology and semiconductor bets last quarter.

Persons: Dan Sundheim zeroed, Stanley Druckenmiller, David Tepper's, Phillippe Laffont's Coatue, Global's Chase Coleman, Jensen Huang, chipmaker, Tepper, Ole Andreas Halvorsen, Druckenmiller, Baupost Group's Seth Klarman, Coatue's Laffont, Point's Dan Loeb, Berkshire Hathaway, Value's Jeffrey Smith, Marc Benioff, Appaloosa's Tepper, Michael Burry, Druckenmiller amped, Point's Loeb, Coatue, Laffont, Tiger Global's Coleman, —, Alex Harring, Yun Li Organizations: Appaloosa Management, D1, Technology, Wall, Nvidia, Management, Devices, Intel, Qualcomm, Taiwan Semiconductor, Viking, Arm Holdings, VanEck Semiconductor, Google, Microsoft, Duquesne, Viking Global, Corvex Management, Sundheim's D1 Capital, Baidu, Arista Networks, Scion, Oracle, Amazon, Tiger Global, Apple, Taiwan, Broadcom Locations: TSM, Meta, Berkshire, Salesforce, Chinese, China

☆ David Tepper's Appaloosa cut exposure to several semiconductor stocks, but bought into one well-known ETF
▼ + stars: | 2024-02-14 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

David Tepper's Appaloosa Management trimmed positions in multiple semiconductor stocks during the fourth quarter, while buying into a closely-watched technology exchange-traded fund. Tepper cut back exposure to Advanced Micro Devices , Intel , Lam Research , Micron , Nvidia and Taiwan Semiconductor in the latest quarter, regulatory fillings show. Taiwan Semiconductor saw the largest sale on a percentage basis, with the Carolina Panthers football team owner approximately halving his stake. Elsewhere in technology, Tepper built an initial stake in Oracle , while adding to Microsoft and Amazon . Microsoft and Amazon are now the second and third largest positions.

Persons: David Tepper's, Tepper, ARKK, Cathy Wood's Organizations: Devices, Intel, Lam Research, Micron, Nvidia, Taiwan Semiconductor, VanEck Semiconductor, Carolina Panthers football, Qualcomm, AMD, Pittsburgh, Innovation, Oracle, Microsoft, Amazon . Holdings, Meta, United Parcel Service, HCA Healthcare, General Motors, FMC, Pitt, Carnegie Mellon, Arista Networks, PDD Holdings, Uber Locations: Lam, Caesars, Alibaba

☆ We picked our baby's name because it wasn't popular. Now it's 'trendy,' and I'm angry AF.
▼ + stars: | 2024-01-19 | by ( Irina Gonzalez | ) www.businessinsider.com time to read: +4 min

When we chose the name Rio, it wasn't popular, but it slowly is becoming a trendy name. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . One of the biggest reasons we chose this particular name is because it wasn't popular, and now it's becoming trendy. I can only imagine how the influence of a popular TV show will increase the name's popularity further. I'm sure that I'm not the only parent to have changed feelings about their child's name after the fact, so it'll all be OK.

Persons: —, Irina, Tam, I've Organizations: Service, Housewives Locations: Rio, Spanish, York

☆ A driver made over $110,000 from Uber and Lyft in 2022 but took home only $14,000. After 6 years on the job, he's working toward a degree and a new career.
▼ + stars: | 2024-01-10 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

Michael, a ride-hailing driver in his late 30s, made more than $110,000 in gross earnings driving for Uber and Lyft in 2022. He said he'd noticed ride-hailing driving had become increasingly less profitable after more than 17,000 rides across six years. AdvertisementAmericans with disabilities are increasingly looking to gig work — particularly ride-hailing driving — to pay their bills and to find work schedules that fit their needs. But for drivers such as Michael, gig work is unsustainable, given all the associated costs that go into ride-hailing driving and the lack of benefits. AdvertisementHe switched to Uber full-time shortly after, driving in the nighttime as rides were most profitable and competition was sparse.

Persons: Michael, Uber, who's, he'd, He's, we're, —, wasn't, hasn't Organizations: Service, Business, Uber, New Jersey —, Arizona State University, Diamond Locations: New Jersey, New York City, New Jersey — New York, York, nsheidlower@businessinsider.com

☆ Wealth Assistants claimed it would help its clients make money on Amazon. Clients said they 'lost everything' instead.
▼ + stars: | 2023-11-30 | by ( Madeline Stone | Jack Newsham | ) www.businessinsider.com time to read: +17 min

Wealth Assistants also said that if clients didn't break even in the first year, they would get their money back. BI spoke with 16 people who invested between $35,000 and $100,000 each to work with Wealth Assistants and said they lost their money. Ten days later, Wealth Assistants said it laid off its roughly 75 employees and planned to shut down by December 1. Selling customers on the entrepreneur lifestyleMany Wealth Assistants clients said they were drawn by the opportunity to generate passive income. Cart.com sent Wealth Assistants a formal notice of termination in the fall after Wealth Assistants stopped paying its invoices earlier in the year, the representative said.

Persons: Mike Wimmer, Wimmer, they're, I'm, Ryan Carroll, Max K, Max O, —, Carroll, Carroll didn't, we're, Tina Luk, breakeven, Seth Hamilton, Andrew Pou, Suzy Arriola, Saheb Sabharwal, Cart.com, Moe O'Neil, weren't, Max, you've, it's, they've, We've, we've, Madeline Stone, Jack Newsham Organizations: Business, ., Federal Trade Commission, Amazon, Products, Nobu Dallas, Lamborghini, Facebook, Wealth, BI, FTC, DK Automation Locations: China, Texas, Nobu, California, Houston, Pennsylvania, mstone@insider.com

☆ 41-year-old's side hustle brings in $125,500 a year, and costs $0 to start: 'The riches are found in niches'
▼ + stars: | 2023-11-28 | by ( Megan Sauer | ) www.cnbc.com time to read: +5 min

She posts her worksheet booklets — designed to help teach literacy to young students — to her online store on Teachers Pay Teachers, an Etsy-style marketplace. Jerome and Becky Powell run their Teachers Pay Teachers stores separately — but the money all goes to the same place, they say. You don't have to spend any money to get started, Powell notes: Teachers Pay Teachers has both free and paid tiers for sellers. Powell pays that subscription fee, as does her husband Jerome — a full-time computer engineer who manages another Teachers Pay Teachers store, called Editable Activities. I have helped eight friends and coworkers open their own stores on Teachers Pay Teachers.

Persons: —, Becky Powell, they've, Jerome, Powell, Jerome —, You've, I've, It's, it's, Warren Buffett Organizations: CNBC, Pay Teachers, Teachers, Pay Locations: Beaverton , Oregon, AskMakeIt@cnbc.com

☆ Portfolio manager explains why he has the ‘most conviction’ in this China tech stock
▼ + stars: | 2023-11-27 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +2 min

One tech giant, however, stands out to portfolio manager Brian Arcese: e-commerce player JD.com . JD.com "is on a 10% free cash flow yield [and is] continuing to grow earnings," Arcese, a portfolio manager at Foord Asset Management, told CNBC Pro Talks on Nov. 21. Around 10% of Foord Asset Management's multi-asset portfolio is currently invested in China. Additionally, some 25% of its global equity portfolio is invested in China for 2024, which Arcese notes is "massive relative to the benchmark" — which only has a 2.5% exposure to China. Meanwhile, 47 analysts have coverage of the JD.com Nasdaq-listed stock, according to FactSet.

Persons: Brian Arcese, Arcese Organizations: Baidu, JD.com, Foord Asset Management, CNBC, Nasdaq, JD, HK, Hong Kong Locations: Singapore, China, U.S, JD.com, Hong Kong

☆ Rates may have hit their peak. How to get the biggest bang out of cash heading into 2024
▼ + stars: | 2023-11-27 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

"It's important to keep sharing this idea to do something with your cash; these rates won't be here forever." Municipal money market funds Rather than tying up money in CDs or T-bills, Sachs prefers municipal money market funds for investors in the highest income tax brackets. Vanguard's Municipal Money Market Fund (VMSXX) has a 7-day SEC yield of 3.53% and carries an expense ratio of 0.15%. Residents in high-tax locales may also want to consider state-specific muni market funds, which have the additional benefit of providing income that's free of state taxes. For instance, there's the Vanguard California Municipal Money Market Fund (VCTXX) and the Fidelity New York Municipal Money Market Fund (FSNXX) .

Persons: –, Catherine Valega, Sallie Mae, Jeremy Keil, Keil, There's, Charles Sachs, Kaufman, Sachs, Michael Bloom Organizations: Federal, Green Bee, Synchrony, Financial, Keil Financial Partners, Federal Deposit Insurance Corp, FDIC, ., CFP, Money Market Fund, SEC, Residents, Vanguard, Fidelity New York Municipal Money Market Fund Locations: Winchester , Massachusetts, New Berlin , Wisconsin, Miami, Vanguard California

☆ Hyundai to Be First Automaker to Sell New Cars on Amazon
▼ + stars: | 2023-11-16 | by ( Ryan Felton | Sean Mclain | ) www.wsj.com time to read: 1 min

Giant touch screens. WSJ’s Joanna Stern took three of the leading cars on a road trip and then leased the best one. Photo illustration: Annie Zhao/The Wall Street JournalHyundai customers who want to skip going to a dealership will have a new option next year: shopping on Amazon.com . The South Korean automaker announced the move Thursday with Amazon at the Los Angeles Auto Show. Starting in 2024, U.S. auto dealers will be able to sell new vehicles on the tech company’s platform, making Hyundai the first automotive brand to offer such an option for customers.

Persons: Joanna Stern, Annie Zhao Organizations: Street, South Korean, Amazon, Los Angeles Auto, Hyundai

☆ David Tepper's Appaloosa raised its exposure to several big tech names — but not the most famous one
▼ + stars: | 2023-11-14 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Appaloosa Management's David Tepper upped his stake in a handful of big technology names in the latest quarter — with one notable exception, regulatory fillings show. Broadcom , Cadence Design and Marvell Technology were among other stocks that Appaloosa zeroed out in the quarter. KE was Appaloosa's only new holding in the latest quarter, but amounted to just a $37 million position. In fact, Tepper's top five holdings are all mega-cap tech names, according to InsiderScore. The Pitt and Carnegie Mellon grad raised his Meta and Microsoft holdings even more, each one almost a third larger by quarter's end.

Persons: David Tepper, Tepper Organizations: Meta, Microsoft, Nvidia, Securities and Exchange Commission, Apple, Broadcom, Cadence Design, Marvell Technology, Carolina Panthers football, Baidu, Holdings, American, Pittsburgh, Pitt, Carnegie Mellon grad Locations: China, Beijing

☆ 21-year-old ran his side hustle from his parents’ apartment—now it brings in over $500,000 a year
▼ + stars: | 2023-10-31 | by ( Megan Sauer | ) www.cnbc.com time to read: +5 min

Today, the very same side hustle, called Invalid.jp, brings in more than $500,000 per year . A popular video of Invalid.jp's light-up stickers, posted in 2022, led to $38,000 in sales in a single day, Siu says. "A lot of times, people I talk to trying to start businesses only try for four or five months and [quit when] it doesn't work," Siu tells CNBC Make It. You can figure out what's trending by looking on Amazon or TikTok, or you can film and post videos and see if it goes viral. When you're doing a side hustle, you're going to be working 24/7.

Persons: Siu, Jason Siu, they've, He's, TikTok, he's, I've, Warren Buffett Organizations: University of Hawaii, CNBC Locations: Manoa, Honolulu ., AskMakeIt@cnbc.com

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