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Gek Teng Pang founded Surrey Hills Grocer in 2021. Success didn't come easy for Pang Gek Teng. Today, she is the proud founder and CEO of Surrey Hills Grocer, an Australian-inspired grocer and café brand with five locations across Singapore. Navigating the entrepreneurial worldBetween quitting her job and starting Surrey Hills Grocer, Pang founded five different businesses. Pang opened her first Surrey Hills Grocer store in December 2021, and eventually went on to open four other locations.
Persons: Gek Teng Pang, Pang Gek Teng, Pang, That's, , Alvin Lau, she's Organizations: Surrey Hills Grocer, CNBC, Surrey Hills, University of Newcastle, CNBC she's Locations: Singapore, Australian, Australia, Surry Hills
Commercial and residential buildings seen from the rooftop of the Lotte Corp. World Tower at sunset in Seoul, South Korea, on Tuesday, Nov. 28, 2023. Asia-Pacific markets took a breather after two straight days of rallies, mirroring moves on Wall Street ahead of first-quarter gross domestic product figures from the U.S. due Thursday. In Asia, investors will assess South Korea's advance first-quarter GDP growth of 3.4% year on year, the highest quarterly growth since the fourth quarter of 2021. Separately, the Bank of Japan kicks off its monetary policy meeting Thursday as investors monitor for action against yen weakness. The yen slid past the 155 mark against the U.S. dollar on Wednesday, hitting a fresh 34-year low.
Organizations: Lotte Corp, Bank of Japan, U.S Locations: Seoul, South Korea, Asia, Pacific, U.S
Bitcoin is set for more price gains later this year, even after a recent retreat in prices, according to Standard Chartered's top crypto analyst. Geoffrey Kendrick, head of foreign exchange research, West, and digital assets research at Standard Chartered, said in a research note this week that he sees bitcoin rising to $150,000 per coin, and ether hitting $8,000 by the end of 2024 — doubling down on a bullish prediction from the bank earlier this year. Bitcoin temporarily sank below $60,000 last week as traders reacted to news of an escalating military conflict between Iran and Israel. Also, large long liquidations over the past couple of weeks mean that market positioning is a lot cleaner," Kendrick said. "As a result, with Middle East tensions easing I think it is time to re-engage in medium-term longs."
Persons: Geoffrey Kendrick, Kendrick, Bitcoin, bitcoin, That's Organizations: Standard Chartered, BTC, ETH, Securities and Exchange Commission, Treasury, HK Locations: Israel, Iran, United States, U.S
I'm a working mom who incorporates solo trips into my business travel. a working mom who incorporates solo trips into my business travel. My heart skipped a beat, and my not-so-new best friend, "mom guilt," walked through the door. AdvertisementBut while traveling with children is fun, I missed the spontaneity and the flexibility of solo travel. The sense of calmness was a feeling I rarely find as a working mom, and I loved it.
Persons: I'm, , we've, I've, Spriha Srivastava, Lean, he'll Organizations: Service, British Psychological Society, Pew Research, Metropolitan Museum of Art Locations: New York, Manhattan, China, Angkor Wat, Cambodia, Singapore
Pictured here is the Zeekr 001 electric car at a services trade fair in Beijing on Aug. 31, 2023. China News Service | China News Service | Getty ImagesBEIJING — Chinese electric car brand Zeekr is selling more vehicles than Tesla in parts of China, and plans to expand in Europe and Latin America this year, Zeekr CEO Andy An told CNBC on Wednesday. For the first three weeks of April, Zeekr sold 500 more cars than Tesla in the province of Zhejiang, where Zeekr and its parent company Geely are based. Zeekr also slightly outsold Tesla in the province of Anhui, near Shanghai, and Guangxi, an autonomous region in southern China. The rapid rise of Chinese electric car companies, however, has also prompted the EU and U.S. to consider measures for protecting their own auto industries.
Persons: Andy, Elon, Tesla, Zeekr Organizations: China News Service, Getty, CNBC, EU Locations: Beijing, BEIJING, China, Europe, Latin America, Zhejiang, Anhui, Shanghai, Guangxi, Sweden, Netherlands, America, Hong Kong, Macao, Singapore
One strategist, however is looking keenly at European equities, and notes that "Europe isn't a boring market." "You would hope that will translate through to the stock market in terms of company earnings growth in Europe. "While you might see some kind of short-term downturn, in the longer-term the picture is very positive for the sector," Field added. He sees value in payments, which he described as "one of the most undervalued parts of European financial services." The sector has trailed market performance, with valuations looking "interesting" over the last 12 months, Morningstar noted in its recent report.
Persons: Michael Field, Field, Morningstar Organizations: CNBC Pro, European Central Bank, Consumer, Swatch Group, Financial, Morningstar, ING Bank, Group, Health, Novo Nordisk Locations: U.S, Europe, Netherlands, British, Swiss
In the next few years, Zuckerberg sees three ways AI can become a "massive business" for Meta. Related storiesHe sees "several ways" generative AI can make money, and laid out three specific paths to this becoming "a massive business" for Meta. Ads appearing in "AI interactions"Another way generative AI could make money for Meta is by "introducing ads or paid content into AI interactions," Zuckerberg said. AdvertisementSelling access to AI modelsA third distinct way Meta may make money from AI is by selling access to models as they get larger. "Enabling people to pay to use bigger AI models and access more compute," as Zuckerberg put it on Wednesday.
Persons: Mark Zuckerberg, Zuckerberg, , we're, Meta Organizations: Meta, Service
Justice Sonia Sotomayor asked Joshua Turner, the lawyer for the state of Idaho, about specific, real-life scenarios where pregnant people required emergency abortions. Later, she returned to the hospital, Sotomayor said, and received an abortion "because she was about to die." Pregnancy can be dangerous, particularly in the United States, which has the highest rate of maternal mortality in the developed world. About 10% to 20% of pregnancies end in miscarriage and many don’t require medical intervention, but some may require treatment using the same procedure used in an abortion. Miscarriages can put someone’s life at risk because of serious blood loss or infection if the miscarriage is not complete.
Persons: Sonia Sotomayor, Joshua Turner, Sotomayor Organizations: American College of Obstetricians, American Locations: Idaho, Florida, United States
A local London pub that’s been thrust into an unexpected spotlight and onto the tourist map, thanks to musician Taylor Swift. Unexpected fameThe Black Dog pub is in an unassuming residential area of Vauxhall in south London. Taylor Swift fans Jenna Spackey and Maddie Essig came to check out The Black Dog pub after listening to the song. The Black Dog pub says the past few days have been "immense." Hageman compares “The Black Dog” song to a “fable” – it’s probably not based entirely in reality.
Persons: CNN — It’s, that’s, Taylor Swift, Francesca Street, Swift, Joe Alwyn, , Matty Healy, ” Taylor Swift, Lionel Hahn, Swifties, Maddie Essig, “ Joe, Taylor, , , Essig, Jenna Spackey, they’ve, Spackey, ” –, Alwyn – Swift, Toby Melville, There’s, Lily Bottomley, ” Bottomley, Bottomley, “ We’re, ” There’s, Bottomley – it’s, “ We’ve, Healy, Bottomley won’t, she’s “, there’s, ” Swift, Strasburg, Katie Hageman, ’ ”, she’s, Hageman, it’s Organizations: CNN, Poets Department, Golden Globe, CNN Travel, Vauxhall, Department, Reuters, Brentford –, SC Soho, Wembley, London Locations: Vauxhall, London, British, Baltimore , Maryland, Houston , Texas, Brixton, Shoreditch, Highgate, Brentford, Cork, Ireland, Blanc, , Florida, Strasburg, Avangeline Strasburg, Hageman
Protesters continue to maintain the encampment on Columbia University campus on April 24 in New York City, after a tense night of negotiations. Caitlin Ochs/ReutersColumbia University said it has extended negotiations with student activists over the dismantling of the pro-Palestinian encampment that has cast its campus into days of turmoil, a spokesperson for the school said. The statement came just hours after Columbia’s president announced it had given protesters a midnight deadline to reach an agreement or the university would consider “alternative options” to clear the encampment. The talks will now be extended another 48 hours after “important progress” was made, the spokesperson said. As the protests stretch into their eighth day, Columbia President Minouche Shafik has faced numerous calls from donors and lawmakers who believe police should be brought in to clear the encampment and restore order on campus – even as students and faculty are condemning the president’s similar decision last week to ask the New York Police Department to clear another student encampment.
Persons: Caitlin Ochs, Minouche Shafik, Organizations: Columbia University, Reuters Columbia University, Columbia, New York Police Department, National Guard, NYPD Locations: Columbia, New York City
New federal rules say travelers deserve cash refunds when inconvenienced by their airline – not vouchers or travel credits. The rules require the fees to be automatic and prompt: Within seven days for a credit card refund and 20 days for other forms of payment. Surge in complaints in 2022The Biden Administration proposed its change to the refund rules in 2022 after a surge in complaints about refunds when the coronavirus brought air travel to a standstill. More than half of the complaints involved flight disruptions or refunds. A federal law allows Congress to unravel recently implemented executive branch rules.
Persons: , Pete Buttigieg, CNN’s John Berman, ” Buttigieg, you’re, “ That’s, , There’s Organizations: CNN — Airline, , Transportation Department, Airlines for, Biden Administration Locations: , Airlines for America, ” “ U.S, Washington, November’s
Private rooms coming to some of Japan’s bullet trains
  + stars: | 2024-04-24 | by ( Lilit Marcus | ) edition.cnn.com   time to read: +2 min
CNN —Japan’s beloved Shinkansen trains are getting another upgrade. This photo illustration shows what the private rooms will look like. Japan RailwaysThey will be located in the green cars, which are the first-class, more expensive cars on Shinkansen trains. Travelers who have purchased a JR Rail pass will still need to pay extra to use the private rooms. The Tokaido line was Japan’s first-ever high speed rail line, making its debut in 1964.
Persons: CNN —, CNN’s Junko Ogura Organizations: CNN, Japan Rail, Japan Railways, Travelers Locations: Tokyo, Nagoya, Osaka
To meet her sales targets, the betel nut “must be delicious.” she told CNN in an email. A betel nut stall in Taipei. “I loved driving there because there were the betel nut girls,” she recalled in a phone interview. One of Han's subjects, Ju Ju, is pictured at a booth in the city of Taoyuan. But Ju Ju has since grown to value the stability of the job.
Persons: Mong Shuan, Mong, Constanze Han, , , we’d, Han, Han “, ’ ”, Susan Meiselas, Xiao Hong, Ju, Ju Ju, , Constanze Organizations: CNN, Mong, , island’s Ministry of Health, Welfare Locations: Taiwan, Asia, Taipei, Kaohsiung, Amsterdam, Hong Kong and New York, America, New England, New Taipei City, Taoyuan, Constanze
Sitting together last month, Graham and MBS spoke with Trump for roughly five minutes, two people familiar with the call told CNN. The call encapsulates how Trump looms over an agreement that US, Israeli and Saudi officials all see as vital to achieving lasting stability in the Middle East. Graham informed Biden officials of the call between MBS and Trump and says they understand why he wants to keep Trump in the loop. With the election looming and the region engulfed by turmoil over Israel’s war in Gaza, the window of opportunity is rapidly shrinking, people involved in the negotiations told CNN. “I think President Trump understands this is building on what he did,” Graham told CNN.
Persons: South Carolina Republican Sen, Lindsey Graham, Prince Mohammad Bin Salman, — Donald Trump, Graham, Joe Biden, Salman, Biden’s, Trump, Abraham, Biden, Donald Trump, Saudi Crown Prince Mohammed bin Salman, Evan Vucci, , ” Trump, “ They’re, That’s, , ” Graham, Jamal Khashoggi, Sen, X.com Graham, Bibi Netanyahu, Benny Gantz, Jake Sullivan, Amos Hochstein, Antony Blinken, Jake, ” CNN’s Alex Marquardt Organizations: CNN, South Carolina Republican, Biden Administration, Trump, Saudi, Abraham Accords, Saudi Crown, White, MBS, New York Times, Biden, Republican, Graham, Saudi Press Agency, Israel, President’s National, US Locations: Saudi Arabia, Israel, Iran, Saudi, Palestine, Bahrain, UAE, Washington, Gaza, Riyadh, NATO, Palestinian
Some companies that are about to report earnings could see a slide in their share prices. With the busiest week of earnings season underway, investors are certainly in for a hectic time. Nearly a third of the companies in the S & P 500 are scheduled to report their earnings this week. CNBC Pro screened the S & P 500 for companies that could see their stocks tumble after earnings. Industrial technology company Rockwell Automation has had its earnings revised downward 29 times in the past three months.
Persons: Myers Squibb, Steve Chesney Organizations: CNBC Pro, Myers, Bristol, Myers Squibb, Rockwell Automation, Gilead Sciences Locations: Bristol, Biopharmaceutical, Gilead
The startup, Read AI, closed a $21 million Series A funding round in April. Goodwater Capital led the round, with participation from existing investor Madrona Venture Group, which led the startup's $10 million seed round in 2021. David Shin, who co-founded Read AI alongside Robert Williams and Elliott Waldron, told Business Insider that the generative AI boom over the last year has supercharged what the startup can offer clients. Read AI offers multiple pricing plans, including a basic, free version for individual users as well as enterprise and enterprise plus accounts that cost $22.50 and $29.75 a month per user, respectively. Check out the 23-slide presentation Read AI used to raise $21 million in Series A funding.
Persons: David Shin, Robert Williams, Elliott Waldron, Read Organizations: Goodwater Capital, Madrona Venture Group, Business, Microsoft, Google, Read, Bloomberg Locations: Seattle
The pre-owned luxury watch market is thriving
  + stars: | 2024-04-24 | by ( Fawnia Soo Hoo | ) edition.cnn.com   time to read: +11 min
Granted, the pandemic-induced second hand luxury watch boom peaked back in March 2022, but the market is still going strong, and price levels remain higher than pre-Covid times. “(They’re) a crucial demographic for the growth and evolution of the pre-owned and vintage luxury watch industry,” added Paul Altieri, founder & CEO of multi-brand online luxury marketplace Bob’s Watches. Don't be shy," said Dimepiece's Brynn Wallner of new buyers' potential nerves when it comes to luxury watch stores. How can you tell if a luxury pre-owned watch is the real deal? “Luxury watches of this caliber will go from one generation to the next to the next to the next,” he explained.
Airbnb – The vacation property rental platform added nearly 2% following an upgrade by Mizuho to buy from neutral. Visa — Shares of the payment company rose more than 2% after stronger than expected results for the second fiscal quarter. Texas Instruments posted $1.20 per share on $3.66 billion in revenue, beating analysts' projections of $1.07 and $3.61 billion, respectively, per LSEG. Mattel saw $810 million in revenue during the quarterly period, which was less than the consensus estimate of $832 million. Enphase said to expect second-quarter revenue between $290 million and $330 million, under the consensus forecast of $349 million.
Persons: Mizuho, Elon Musk, Tesla, LSEG, , Enphase, Alex Harring, Samantha Subin, Jesse Pound, Brian Evans, Yun Li, Sarah Min, Michelle Fox Theobald Organizations: Boeing —, Boeing, Mizuho, Summer Olympics, Visa —, Visa, Revenue, Texas, Sea, Capital, Mattel, LSEG, Enphase Energy
CNN —The Arizona House of Representatives voted Wednesday to overturn the state’s 160-year-old abortion ban, setting the stage for a repeal that would leave the state’s 15-week restriction on the procedure in place. The vote comes after two failed attempts by state House lawmakers to bring the bill to the floor last week. If it succeeds, Arizona’s 15-week restriction on abortions will continue to be state law. That legislation stated explicitly that it did not overrule the 1864 law. Arizona state Rep. Stephanie Stahl Hamilton, left, hugs Arizona state Sen. Anna Hernandez after the state House voted to repeal the 1864 abortion law at the state Capitol in Phoenix on April 24, 2024.
Persons: Katie Hobbs, Roe, Wade, Doug Ducey, Stephanie Stahl Hamilton, Sen, Anna Hernandez, Rebecca Noble Organizations: CNN, Arizona, Arizona GOP, Democratic, Republican Gov, Reuters, Abortion, Arizona House, Republican Locations: Arizona, Phoenix
Here's a rapid-fire update on all 33 stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Broadcom : Broadcom's AI business, which includes co-designing custom chips for tech giants such as Club holding Alphabet, is booming. The newspaper reported April 12 that Salesforce was in talks to buy Informatica, which sent the Club holding's shares plunging. Wells Fargo : Another trim is due for our Wells Fargo position after a great run for the bank stock, Jim argued. 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's, Jim, Johnson, Abbott, Andy Jassy, Bausch, Salesforce, Salesforce didn't, Tom Jorden, We've, It's, Walt Disney, Nelson Peltz's, Bob Iger's, Estee Lauder, there's, Eaton, We're, he's, Locker, he'd, Vimal Kapur, Linde, Eli Lilly, Eli Lilly's, TikTok, Joe Biden, Morgan Stanley, Morgan Stanley's, Ted Pick, Jensen Huang, Nikesh Arora, haven't, Laxman Narasimhan, Sands, Stanley Black, Decker, TJ Maxx, TJX, Wells, Jim Cramer, Angela Weiss Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple, Abbott Laboratories, Johnson, Web Services, Broadcom, VMWare, GE Healthcare, GE, Bausch Health, Costco Wholesale, Costco, Street, Informatica, Coterra, DuPont De Nemours, DuPont, Walt, Disney, Ford, GM, Philips, Siemens, Google, Honeywell, Linde, Facebook, Meta, Microsoft, Nvidia, Investors, AMD, Oregon State University, Palo Alto Networks, UnitedHealth, Procter & Gamble, Constellation Brands, Constellation, Modelo, TJX, Marshalls, Home Goods, Wynn Resorts, Jim Cramer's Charitable, New York Stock Exchange, Afp, Getty Locations: China, Informatica, Ford, Estee, U.S, mater, Palo, Corona, Wells Fargo, Wells, Macao, New York City
The S&P 500 is in its most perilous position since late last summer, cautioned David Keller, the chief market strategist at StockCharts.com. After an uptick in volatility in March 2023, the S&P 500 enjoyed a virtually uninterrupted rally before peaking on the final day of July. Related storiesIn the meantime, investors should keep a close eye on two key technical support levels for the S&P 500, Keller said: 5,050 and 4,820. Utilities are one of only two parts of the market that's up in the last month, due to its risk-off nature. The VanEck Gold Miners ETF (GDX) is another compelling way to ride that rally, Keller said.
Persons: , David Keller, I'm, Keller, Stocks, StockCharts.com, they're, Keller isn't, that's Organizations: Service, Business, Utilities, StockCharts.com, VanEck Oil Services, P Oil & Gas Exploration, Production, Miners Locations: East, Israel, Freeport
Ford Motor on Wednesday evening delivered higher than expected profits in the first quarter, driven by strength in its commercial business. Quarterly commentary Ford Blue , which represents Ford's gas-powered and hybrid vehicles, saw volumes and revenues down 11% and 13%, respectively. The lower volumes shouldn't be much of a surprise given Ford's pivot toward making more in-demand hybrids and ICE vehicles. Ford raised its adjusted free cash flow outlook for the year by $500 million to between $6.5 billion and $7.5 billion. Lowered capex with higher profits is what we want to see because greater capital efficiency should translate to a higher multiple.
Persons: Wall, Adam Jonas, Morgan Stanley —, Ford, we're, Jim Farley, Farley, Jim Cramer's, Jim Cramer, Jim, Bill Pugliano Organizations: Ford, Automotive, LSEG, General Motors, Tesla, Ford Pro, Pro, EV, Software, CNBC, Ford Dearborn Plant, Getty Locations: Ford, Dearborn , Michigan
Greenlight Capital's David Einhorn continued to pick up new stocks in the first quarter, including Penn Entertainment , as the longtime value investor struggles to find opportunities in the volatile market. He established the stake at an average cost of $22.69 per share, but the stock has fallen to $17.44 as of Wednesday. Still, Einhorn said sports betting, if executed right, could take the shares much higher. "Were the market to credit PENN with merely 15% of DraftKings' value, that segment alone would be worth $20 per share." Q4 buyer's strike Einhorn had stopped building new stock positions at one point in the fourth quarter, saying he was on a "buyer's strike" due to worries about intensifying geopolitical risks.
Persons: Greenlight Capital's David Einhorn, Einhorn, PENN, he's, Greenlight, — CNBC's Leslie Picker Organizations: Penn Entertainment, CNBC, Barstool Sports, Cornell grad, Greenlight Capital, HP, Roivant Sciences, Liberty Global
The S&P 500 is at risk of plunging 44% to around a four-year low, Paul Dietrich said. The top strategist explained that selling stocks well before they crash can yield outsized returns. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe stock market may be headed for a 44% crash — and getting out early could pay off, Paul Dietrich said. This story is available exclusively to Business Insider subscribers.
Persons: Paul Dietrich, Dietrich, , Riley Wealth Organizations: Service, Business
The South has the highest concentration of states with about 50% of residents below the ALICE threshold. They're either the youngest or oldest workers in the workforce, often single parents, and full-time workers — but they're still not making ends meet. Married adults with children tend not to be ALICE, as 80% reported being above the ALICE threshold. ALICE Americans are all across the country and in both rural and urban areasALICE Americans exist everywhere from the isolated countryside of the US to the country's biggest cities. The breakdown between urban and rural ALICE is somewhat consistent — the ALICE population makes up 30% of the rural population and 28% of the urban population.
Persons: , ALICE —, ALICE, They're, they're, ALICE Americans, Gen, ALICE millennials, Xers, Stephanie Hoopes, United For ALICE, Still, Hoopes Organizations: Service, United Way's, Business, United For, ALICE, Nationwide, United Locations: America, ALICE, Florida, California, New York, Texas, Iowa
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