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When consumer sentiment falters or the economy starts to teeter, RV sales follow suit, said Michael Hicks, an economics professor at Ball State University and director of Indiana University’s Center for Business and Economic Research. “People don’t make these large, luxury purchases unless they’re actually feeling better about the economy,” said Hicks, who follows the RV industry closely. “It’s so sensitive to interest rate changes, which often precede a downturn.”A Winnebago travel trailer at Motor Sportsland RV dealership in Salt Lake City on April 6, 2020. Nika Shneyder and her father and business partner, Alex Shneyder, standing by a Chill RV in Malibu RV Park, California, in 2019. They moved down to a historically strong, but noticeably smaller, 493,000 the next year, according to data from the RV Industry Association.
Persons: That’s, Nika Shneyder, “ We’re, ” Shneyder, , Michael Hicks, , Hicks, George Frey, bode, ” Michael J, Happe, hasn’t, We’ve, we’ve, Covid, Alex Shneyder, Nika, they’d, Monika Geraci, David Titus, Ty Wright, there’s, Ball State’s Hicks, ’ Titus, they’re, we’ll, Titus, ” Titus Organizations: CNN, Ball State University, Indiana University’s Center for Business, Economic Research, Bloomberg, Getty, Winnebago Industries, RV Industry, Dealers, RVs, Consumers, HL Enterprise, Manufacturing, of Labor Statistics Locations: Los Angeles, teeter, Salt Lake City, YOLO, Malibu, , California, Elkhart , Indiana, The Northern Indiana, South Bend, Elkhart, , Elkhart .
And I think if somebody doesn't fix the problem, we could be gone," Malcolm Collins previously told BI in 2022. Malcolm Collins resumed his conversation with the stunned reporter after telling his child: "I love you but you gotta be nice in restaurants. Related storiesSoon afterward, the episode went viral on X — the platform owned by Elon Musk, whom Malcolm Collins was incidentally gushing over moments before striking his toddler. This is all to say that yes, 100%, Torsten was pushing boundaries and not acting unintentionally," Simone Collins wrote. AdvertisementOver the phone, Malcolm Collins told Business Insider that he "bopped" his son on the nose to jar him, not to hurt him.
Persons: Malcolm, Simone Collins, Malcolm Collins, Jenny Kleeman, Elon Musk, Christ, Torsten Savage, Torsten Organizations: Service, Business, Guardian, Elon, CNN Locations: Pennsylvania
Teeter: Health care is ripe for disruption and earnings growth
  + stars: | 2024-05-22 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTeeter: Health care is ripe for disruption and earnings growthRobert Teeter, Head of the Investment Policy and Strategy Group at Silvercrest Asset Management, discusses Nvidia, the rate cut timeline, and his top sector picks.
Persons: Robert Teeter Organizations: Investment, Silvercrest Asset Management, Nvidia
Read previewTwo-year-old Graza has popularized squeeze bottles filled with olive oil that appear in seemingly every food influencer's social videos. And those influencers are playing a key role in the brand's largest product launch to date beyond the squeezable bottles: Beer-can refills. On May 9, Graza rolled out beer cans of olive oil, sending the new product to about 300 creators, said Kendall Dickinson, head of social and influencer marketing for Graza. The goal was to show people how to refill the signature squeezable bottles with more sustainable cans and a kitchen funnel. For example, a TikTok and Instagram video shows how to make onion rings using Pabst Blue Ribbon beer and Graza's olive oil.
Persons: , Graza, Kendall Dickinson, Andrew Benin, influencers, Dickinson, Harris Teeter, We've Organizations: Service, Graza, Business, Procter, Gamble, Walmart Locations: Benin
The energy sector has pulled up from behind to overtake nearly every other sector of the market this year and may still have room to advance, according to analysts. The energy sector has gotten a lift as crude oil prices are on a tear this year after plummeting in the last quarter of 2023. The refiners Marathon Petroleum , Phillips 66 and Valero also hit all-time highs on Friday. Diamondback Energy is trading at all-time highs Monday dating back to its IPO in October 2012, while ConocoPhillips is at levels that have not been seen since November 2022. "We think it's a theme that has more to go as well," Ginsberg said of the energy sector rally.
Persons: Jonathan Krinsky, Krinsky, it's, Rob Ginsberg, Brent, Iran teeter, Ginsberg, Valero Organizations: Energy, BTIG, Exxon Mobil, Wolfe Research, Fund, JPMorgan, OPEC, refiners, Petroleum, Phillips, Diamondback Energy, ConocoPhillips Locations: Ukraine, Israel, Iran, Occidental
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTeeter: Valuations are a bit elevated, but we're nowhere near a bubbleRobert Teeter of Silvercrest Asset Management says the markets will continue to struggle to come to terms with a Fed that's likely to remain on pause until at least June or July.
Persons: Robert Teeter Organizations: Silvercrest, Management
By the time I was 26, in 2020, I still hadn't outgrown the drinking phase I had started when I turned 18. After a particularly heavy night, I was rushed to the emergency room and spent the night in the hospital due to a drug overdose. He joked sometimes that when he saw my name flash up on his screen, it would give him a mild panic attack. He was always a firm but fair man, so I listened intently when he phoned me months later with a proposition. I updated my dad after every new bit of spending, proud that I hadn't sniffed it away.
Persons: I'd, It's
New York CNN —The Federal Trade Commission on Monday sued to block the $25 billion deal between Kroger and Albertsons, alleging the largest supermarket merger in US history would lead to higher prices for consumers. The merger, announced in 2022, sought to combine the fifth and tenth largest retailers in the country. “This supermarket mega merger comes as American consumers have seen the cost of groceries rise steadily over the past few years. With the FTC’s blessing, Haggen, a small supermarket chain in the Northwest with just 18 locations, bought 146 of the former Albertsons and Safeway stores. She criticized the FTC’s handling of Albertsons’ deal with Safeway, pointing to it as a prime example of the limitations of divestitures.
Persons: Harris Teeter, Fred Meyer, Kroger, Rodney McMullen, Henry Liu, Piggly, Khan, Lina Khan, Haggen, ” Khan, Organizations: New, New York CNN, Federal Trade Commission, Kroger, Albertsons, Safeway, Vons, Bureau of Labor Statistics, FTC, Walmart, Amazon, Costco, Competition, S Wholesale Grocers, Democrats, Republicans, Capitol Locations: New York, United States, Aldi, FTC’s, Northwest
CNN —Judge Arthur Engoron hit Donald Trump with his biggest punishment to date on Friday, in a ruling that fined the former president $355 million for fraudulently inflating the values of his properties. Combined with the $83 million judgment issued against Trump for defaming E. Jean Carroll, that means Trump has been fined roughly $438 million over the past four weeks. Engoron found that the defendants’ fraud saved them about $168 million in interest, fining Trump and his companies that amount. “Overall, Donald Trump rarely responded to the questions asked, and he frequently interjected long, irrelevant speeches on issues far beyond the scope of the trial,” Engoron wrote. properties that offered a much lower valuation than reported on Donald Trump’s financial statements.
Persons: Arthur Engoron, Donald Trump, Jean Carroll, Trump, Friday’s, Engoron, , ” Engoron, Letitia James, fining Trump, , Bernard Madoff, Alexander Pope, , Trump’s, fixer ‘, Michael Cohen’s, Cohen, “ Michael Cohen, “ Trump, Michael Cohen, – who’ve, execs Allen Weisselberg, Jeff McConney, Eric Trump’s, “ Eric Trump’s, begrudgingly ”, Eric Trump unconvincingly, Donald Trump’s, Eric, Donald Trump Jr, Ivanka Trump, , Christopher Kise, ” Kise Organizations: CNN, Trump, defaming, Trump Organization, New York, Post, Independent, , Trump Org, Independent Monitor, SFC, Washington DC, OAG, Division Locations: New York, Washington , DC, Ferry, Bronx, York, , disgorgement, Washington
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFuel for the market rally is dependent on the Fed's execution of rate cuts, says Robert TeeterRobert Teeter, Head of the Investment Policy & Strategy Group at Silvercrest Asset Management, discusses the economic data out this week and its impact on the markets.
Persons: Robert Teeter Robert Teeter Organizations: Investment, Silvercrest Asset Management
download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today's big story, we're looking at Sam Altman returning to the helm of OpenAI. Less than five days after his shocking ouster, Sam Altman is set to return to OpenAI as its CEO. Microsoft's CEO Satya Nadella, a key figure in the past few days' drama, comes out a winner. By helping to reinstall Altman at OpenAI, he stabilizes a key piece of Microsoft's AI strategy.
Persons: , NASA's James Webb, Sam Altman, JACK GUEZ, OpenAI, Altman, we're, Bret Taylor, Larry Summers, Taylor, Adam D'Angelo, Greg Brockman, OpenAI's confounder, They've, Tim Paradis, Satya Nadella, Kevin Scott, Insider's Ashley Stewart, Julie Bort, Darrin Zammit Lupi, Patrick T, Fallon Rivian, Elon Musk's, Jack Dorsey, Amr Bo Shanab, Madison, they're, Vladimir Putin, Billie Jean King, Jamie Lee Curtis, Scarlett Johansson, Hailey Bieber, John Deere, LongeviQuest's Ben Meyers, Yumi Yamamoto, Fabrizio Villatoro, Jack SteerLo, Fusa Tatsumi, they've, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, NASA's James Webb Space Telescope, Getty, Silicon, Business, Microsoft, REUTERS, Elon, Madison Ave Locations: OpenAI, AFP, OpenAI's, India, New York City, San Diego, London, New York
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTeeter: The key story next year is the impact of rates on stock valuationsRobert Teeter, Head of the Investment Policy & Strategy Group at Silvercrest Asset Management, discusses the outlook for stocks, rates, and the Fed.
Persons: Robert Teeter Organizations: Investment, Silvercrest Asset Management
“As a matter of free speech, people who oppose the ‘kidnapped’ posters could erect posters of their own, expressing their views,” Professor Zick said. “I don’t think they’re ripping down posters of ‘Dan Smith Will Teach You Guitar,’” he said. The posters “don’t include Palestinians, so are they concerned about missing people?” he asked. At the corner of Broadway and West 96th Street last weekend, half-ripped posters were covered with small fliers that said: “Why are the posters of kidnapped Israelis being ripped down? With friends and relatives, he has gone door-to-door through the towns of Cedarhurst, Hewlett, Inwood, Lawrence and Woodmere and asked store and restaurant owners to display the “kidnapped” posters inside windows that face the street.
Persons: Nitzan Mintz, , “ I’m, Tim Zick, Zick, Mike Mishkin, Mishkin, “ I’ve, they’re, ‘ Dan Smith, ’ ”, Israel, Miles Grant, New York “, , Grant, ” “, ’ ” Ms, Mintz, Dede Bandaid, Rafael Shimunov, you’re, listserv, Rabbi Amichai Lau, Lavie, Councilwoman Julie Menin, “ Ella Elyakim, Ms, Menin, Guy Tsadik, Woodmere, ” Mr, Tsadik, Alain Delaquérière Organizations: Boston University, The New, William & Mary Law School, Broadway, Twitter, West, Auschwitz Jewish Center Foundation Locations: Gaza, Boston, South Florida, Queens, The New York, Manhattan, Williamsburg, Va, New York, Israel, Brooklyn, York, Palestinian, Israeli, Broadway, Long, Cedarhurst, Hewlett, Inwood, Lawrence, New Jersey, Florida
Tamir Kalifa/The New York Times/Redux Palestinians walk amid the rubble following Israeli airstrikes in Gaza City on October 10. Samar Abu Elouf/The New York Times/Redux Children run for cover as bombs fall near the Al-Shifa Hospital in Gaza City on October 9. Erik Marmor/AP Six-month-old Sama Alwadia is rescued from the rubble in Gaza City on October 9. Tamir Kalifa/The New York Times/Redux Fire and smoke rise from Gaza City following an Israeli airstrike on October 8. Ibraheem Abu Mustafa/Reuters Palestinian citizens inspect damage to their homes caused by Israeli airstrikes in Gaza City on October 8.
Persons: David A, CNN —, David Andelman, Biden, Benjamin Netanyahu, Ukraine —, Eden Guez, Violeta Santos Moura, Mohammed Salem, CNN Sergey Ponomarev, Mohammed Abed, Atef Safadi, Fatima Shbair, Tamir Kalifa, Ohad, Mohammed Soboh, Said, Noam Elimeleh Rothenberg, Yuri Cortez, Belal Khaled, Samar Abu, Amir Cohen, Ilai Bar Sade, Erik Marmor, Ali Jadallah, Oren Ziv, Mohammed Saber, Ronen Zvulun, Majdi, Ilia Yefimovich, Ramez Mahmoud, Mahmud Hams, Roi Levy, Alleruzzo, Tali Touito, Khan, Ibraheem Abu Mustafa, Jalaa Marey, Oded, Khan Younis, Ahmad Hasballah, Mohammed Fayq Abu Mostafa, Tsafrir, Ahmad Gharabli, Baz Ratner, Mustafa Hassona, Ilan Rosenberg, Eyad Baba, Itai Ron, Hadas Parush, ” Ely Ratner, ” Ratner, Ratner, , Julianne Smith, Will, Will Israel Organizations: CNN, French Legion of, The New York Times, CBS News, David Andelman CNN, America, Ukraine, Defense, Fighters, Nova Festival, Reuters, Israel Defense Forces, New York Times, Getty, Ben Gurion, AP, Mount, Anadolu Agency, Shifa, West Bank, Rockets, Israel's, United Nations, Palestinian, Reuters Police, Reuters Rockets, [ Peoples Liberation Army, House Armed, Committee, Taiwan Relations, Senate, Washington Post, Israel, Capitol, House, Ukraine –, NATO, Taiwan Locations: United States, Ukraine, Russia, Israel, Gaza, Iran, China, Taiwan, Washington, Ashkelon, Gaza City, Kfar Azza, Kfar Aza, AFP, Tel Aviv, Mount Herzel, Jerusalem, Samar, Samar Abu Elouf, Yassin, Palestinian, Beitar Ilit, Mount Herzl, Sderot, Ramat Gan, Khan Younis, Israeli, Kiryat Shmona, Itai, Beit Hanun, Rishon Lezion, Taiwan Strait, Beijing, Will Ukraine, Crimea, America
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTeeter: Treasury yields could move higher in the near-term before stabilizingRobert Teeter, Head of Investment Policy & Strategy at Silvercrest Asset Management, discusses surging Treasury yields and their impact on the broader markets.
Persons: Robert Teeter Organizations: Investment, Silvercrest Asset Management
As of the end of August, the combined floor area of unsold homes stood at 648 million square metres (7 billion square feet), the latest data from the National Bureau of Statistics (NBS) show. That would be equal to 7.2 million homes, according to Reuters calculations, based on the average home size of 90 square metres. "How many vacant homes are there now? Each expert gives a very different number, with the most extreme believing the current number of vacant homes are enough for 3 billion people," said He Keng, 81, a former deputy head of the statistics bureau. "All sorts of comments predicting the collapse of China's economy keep surfacing every now and then, but what has collapsed is such rhetoric, not China's economy," a spokesperson at the foreign ministry said at a recent news conference.
Persons: Keng, Albee Zhang, Ryan Woo, Jan Harvey Organizations: China Evergrande, HK, Garden Holdings, National Bureau of Statistics, China News Service, Thomson Locations: BEIJING, China, Dongguan
Big-name developers such as Country Garden Holdings continue to teeter close to default even to this day, keeping home-buyer sentiment depressed. As of the end of August, the combined floor area of unsold homes stood at 648 million square meters (7 billion square feet), the latest data from the National Bureau of Statistics (NBS) show. That would be equal to 7.2 million homes, according to Reuters calculations, based on the average home size of 90 square meters (970 square feet). “How many vacant homes are there now? Each expert gives a very different number, with the most extreme believing the current number of vacant homes are enough for 3 billion people,” said He Keng, 81, a former deputy head of the statistics bureau.
Persons: , Keng Organizations: China Evergrande, Garden Holdings, National Bureau of Statistics, China News Service Locations: China, Dongguan
Sunac China files for Chapter 15 bankruptcy protection
  + stars: | 2023-09-19 | by ( Michelle Toh | ) edition.cnn.com   time to read: +4 min
Hong Kong CNN —One of China’s leading property developers, Sunac, has filed for bankruptcy protection in the United States, shortly after winning approval from its creditors to restructure nearly $10 billion worth of debt. The company filed a petition for Chapter 15 protection with the US Bankruptcy Court for the Southern District of New York on Tuesday. It’s the second big distressed Chinese developer in weeks to seek such protection: Evergrande made a Chapter 15 filing in the United States a month ago, after posting losses of $81 billion in the last two years. Entering the process may help Sunac China negotiate with overseas lenders as it works to overhaul its debt. “While Evergrande is still struggling to get their offshore creditors on board, Sunac has really overtaken them,” she said.
Persons: It’s, Evergrande, Sunac, Sandra Chow, it’s, Chow, , , ” Chow, , Andy Rose Organizations: Hong Kong CNN, US, Court, Southern, of, Asia, CNN, Evergrande Locations: China, Hong Kong, United States, of New York
Background: Pharmacy chains have been settling opioid claims. Three large pharmacy chains that compete with Kroger — Walgreens, CVS Health and Walmart — reached similar settlements last year totaling about $13 billion. The claims against Kroger and its competitors have focused on the role of their pharmacies in flooding communities with legal painkillers. Why It Matters: Opioid settlement money is funding recovery efforts. Kroger said on Friday that the opioid settlement agreement would not impede the merger.
Persons: Kroger, Walmart —, overprescribing, Josh Stein, , Harris, Jan Hoffman Organizations: Kroger, Walgreens, CVS Health, Walmart, Rite, Albertsons Locations: Washington State, West Virginia, North Carolina
That's because the Federal Reserve has been hiking interest rates since March 2022 in an effort to cool inflation. So the question remains: When will we finally see interest rates start to come down? CNBC Select asked three experts to give their take on what lies ahead for interest rates. What we'll coverWhen will interest rates come back down? Existing loans with a variable rate may also start charging less interest as the Fed lowers interest rates.
Persons: Amy Hubble, hasn't, Preston Caldwell, Caldwell, Hubble, Elliot Eisenberg, you'll, it's Organizations: Federal Reserve, CNBC, Federal, Market, Morningstar Research Services, Ally Bank, Navy Federal Credit Union, Jumbo, Navy Federal Credit, PNC Bank, PNC Bank Mortgage, Savings, Axos Bank, FDIC, CNBC Select's, Facebook, Twitter Locations: U.S
Opinion | One Sentence Does Not Define a Curriculum
  + stars: | 2023-08-03 | by ( John Mcwhorter | ) www.nytimes.com   time to read: +3 min
Too often the idea of the slippery slope is presented as a given, rather than as an assertion requiring evidence. But I do perceive that America has become infinitely more informed about slavery than it was 50 years ago. To propose such an idea is, in its way, to dismiss the work so many have done to change minds. There are, to be sure, other things in the curriculum that also need fixing. The group was given only a few months to compile the curriculum, and errors like that happen in haste.
Persons: I’m, , , Ron DeSantis Organizations: D.C, Tulsa Locations: America, “ Amistad, Florida, Washington, Rosewood
VIEW Bank of England raises rates for a 14th time
  + stars: | 2023-08-03 | by ( ) www.reuters.com   time to read: +7 min
The BoE raised interest rates by 25 basis points to 5.25% and said high inflation meant it was unlikely to stop raising rates any time soon. However, with Thursday's decision, traders began to price in a lower peak in UK rates. MONEY MARKETS: Interest-rate derivatives showed traders believe UK rates will peak around 5.67% by March, compared with an expected peak of 5.73% in the run-up to the decision. Rising interest rates means higher borrowing costs, which will lead to larger monthly mortgage payments for many homeowners." The Bank of England remains committed to bringing inflation down, unfortunately raising interest rates is one of the only tools the Bank can use to sap demand out of the economy."
Persons: BoE, Sterling, VIVEK PAUL, we’ll, STUART COLE, JEREMY BATSTONE, CARR, RAYMOND JAMES, MARCUS BROOKES, ” SEEMA SHAH, Rishi Sunak, GILES COGHLAN, THOMAS PUGH, JOHN LEIPER, Amanda Cooper, Samuel Indyk Organizations: Bank of England, FTSE, BLACKROCK, LONDON, TOM HOPKINS, Bank of, RSM, Bank, EMEA, Thomson Locations: LONDON, EUROPEAN, U.S
As one of the co-hosts, this year’s Women’s World Cup was supposed to be the culmination of all this change; a celebration of Australia’s most beloved team. A shaky 1-0 win against Ireland kicked off the Matildas’ tournament before disaster struck once more and they succumbed to a shock 3-2 defeat against Nigeria. That 2015 run marked the Matildas’ best World Cup performance to date, after appearing in every edition since 1995. The assembled 75,784 fans represented a record crowd for a women’s soccer match in the country and the highest attendance at a Women’s World Cup for 24 years, according to FIFA. “It’s definitely transcended the traditional women’s community and so that’s really exciting.”Australia has played its part in making this the biggest Women’s World Cup in history.
Persons: Sam Kerr’s, backflipping Kerr, Ellie Carpenter’s, Kerr, Gorry’s, , ” Heather Reid, it’s, that’s, ” Reid, ” Fiona Crawford, Sonia Gegenhuber, ” Crawford, Tony Marshall, Tony Gustavsson –, , Sam Kerr's, Ryan Pierse, Sam Kerr, ” Caitlin Foord, Bradley Kanaris, ” Gustavsson, ” Kerr, , Jaimi Joy, “ They’ve, ” Simon Reus, “ It’s Organizations: CNN, Sydney Opera House, Disney, Women’s Soccer Australia, CNN Sport, Ireland, Nigeria, Canada, Federation, Olympics, US, National, Chelsea, Tokyo, Spain, England, Sweden, Rugby, Reuters FIFA, Australia, FIFA, Sydney Harbour Bridge, France, Brazil, . Sports Locations: Sydney, Australia, Brazil, South Korea, Spain, Nigeria, Canada, Qatar, Haiti
A humanoid warehouse worker, Digit walked upright on goatlike legs and grabbed bins off a shelf with muscular arms made from aerospace-grade aluminum. It then placed the boxes on an assembly line and walked back to the shelf to search for more. Machines like Digit are ready to take over a vast swath of physical labor, from operating forklifts to doing the laundry. Mr. Kyslinger, an engineer who has spearheaded automation for some of the largest retailers in the world, including Amazon and Walmart, is passionate about the potential of robots to improve the quality of life for workers. Robots free humans from boredom, repetition, physical strain and productivity limits that can put their jobs at risk, he believes.
Persons: ChatGPT, Ron Kyslinger, Kyslinger Organizations: Amazon, Walmart Locations: ProMat, Oregon
That was where, as golden hour set in, a magic Valentino show began — with Kaia Gerber in a pair of jeans and a white shirt. Granted, they weren’t just any jeans: they were made from silk gazar entirely embroidered in micro beads dyed 80 different shades of indigo to resemble denim, but still. They looked like jeans. Jeans — or their very fancy doppelgängers — have been the biggest trend of the week. There were more jeans, likewise made from trompe l’oeil beading, in the Jean Paul Gaultier collection guest designed by Julien Dossena, and lots of jeans in all stages of distress at Balenciaga, which also were not denim at all but oil-painted canvas that took two and a half months to create.
Persons: Valentino, Kaia Gerber, upcycled Levi’s, Jean Paul Gaultier, Julien Dossena Locations: Paris, Chantilly
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