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☆ Barbie’s gynecologist appointment increased online search interest around reproductive health, new study finds
▼ + stars: | 2024-07-25 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +7 min

CNN —When she leaves Barbie Land for the real world, Barbie must keep up with her regular health maintenance, which includes seeing her gynecologist. Those examples and others inspired the researchers to look into the “Barbie” effect on interest in women’s reproductive health. But the authors noted that an increase in seeking gynecologic care may not be accurately captured in search trends. It’s possible that the searches were from people who don’t need gynecologic care, the authors note in the study. “I feel like (the scene) starts the conversation — anything that starts the conversation about reproductive health tends to cause folks to want to explore that and go in and take a look at what they should be doing about their own health,” Irobunda said.

Persons: Barbie, Barbie ”, ”, Katie Couric, Angelina Jolie, Eva Sénéchal, ” Sénéchal, he’s, Nitu, Bajekal, —, “, “ I’m, Barbie exuberantly, ‘, ’, Kate Connors, “ Barbie, Greta Gerwig, ‘ Barbie, ” Gerwig, Gynecologists, Heather Irobunda, ” Irobunda Organizations: CNN, JAMA, McGill University, American College of Obstetricians, USA Today, The American College of Obstetricians, New York, New York City Health, Hospitals Corporation Locations: Montreal, London, Perimenopause, New, New York City

Neumann noted the latest Europol data showed “the number of attacks and planned attacks has more than quadrupled” since 2022. The apparent uptick in the recruitment of young radicals to carry out acts of terror comes as European security officials express worries at a potential resurgence of organized – or “directed” - terror attacks. The group has built a remarkable presence in Turkey over the past three years, according to court documents and analysts. Swiss police in March arrested a 15-year-old Swiss boy and a 16-year-old Italian boy for ISIS support and plotting bomb attacks, according to a police statement. Yulia Morozova/ReutersThe extent of ISIS-K’s use of Turkey as a transit hub is acknowledged by officials in the Turkish indictment.

Persons: Peter Neumann, Neumann, ”, ” Neumann, “, Lise Jaulin, Dilara Senkaya, “ Rustam, Rustam, Yulia Morozova Organizations: CNN, ISIS, Paris Olympics, King’s College London, MIT, Swiss, Analysts, Soviet Union, Turkish, Italian Santa Maria Catholic Church, Foreign Operations, Hall, Foreign Locations: Europe, West, Paris, Islamic, Khorasan, Central Asia, Turkey, Saint, French, France, Haute, Savoie, Dusseldorf, Heidelberg, Montenegro, Austria, Afghanistan, Tajikistan, Moscow, Italian, Istanbul, Swedish, Pakistan, Tajik, Iran, Russia, Crocus, Syria, Iraq

☆ Oil prices fall more than 1% as worries about Chinese economy grow after surprise rate cuts
▼ + stars: | 2024-07-25 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

An oil pump jack is shown in a field on June 27, 2024 in Stanton, Texas. Crude oil futures fell more than 1% on Thursday as concerns about the health of China's economy grow after the country's central bank cut rates twice in a week. The People's Bank of China slashed interest rates in a unexpected move Monday, followed by a surprise cut to its medium term facility lending rate on Thursday. Here are today's energy prices:Oil prices are down despite declining U.S. crude and gasoline inventories indicating an uptick in demand and second quarter economic growth coming in at a 2.8% rate for the second quarter. The possibility of a cease-fire in the Israel-Hamas is raising hopes that tensions in the Middle East will de-escalate.

Persons: China's, Amarpreet Singh Organizations: People's Bank of China, Barclays Locations: Stanton , Texas, Israel

☆ This options strategy can profit off an Apple earnings surprise, Goldman says
▼ + stars: | 2024-07-25 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

The upcoming earnings report for Apple could create a big market move that options traders can take advantage of, according to Goldman Sachs. John Marshall, head of derivatives research at Goldman, said in a note to clients that the tech giant's earnings report after the bell on Aug. 1 could deliver a positive surprise. "[Goldman] Hardware analyst Michael Ng expects Apple (AAPL) to deliver an EPS beat at upcoming quarterly earnings driven by solid growth expectations for iPad/Mac and Services. A straddle is a type of options strategy involving a call and put option on a stock with the same expiration date and strike price. The Goldman note was written before Wednesday's tech sell-off, in which Apple fell 2.9%, so investors may want to consider other strike prices as well.

Persons: Goldman Sachs, John Marshall, Goldman, Michael Ng, — CNBC's Michael Bloom Organizations: Apple, Goldman, Services

☆ Alphabet could be in for a tough period ahead, analysts warn
▼ + stars: | 2024-07-24 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Alphabet investors may want to prepare for some volatility moving forward. However, shares fell about 5% as the company also reported lower-than-expected YouTube advertising revenue. On top of that, Alphabet highlighted plans to boost capital expenditures as it races to meet rising artificial intelligence demand. That is due in part to tough advertising comparisons amid the anniversary of a particular strong period for Asia and Pacific retailers. The move to 'future proof' business Some analysts and investors are reading the tea leaves with a positive tilt, however.

Persons: Ruth Porat, Sundar Pichai, Porat, Mark Shmulik, Brent Thill, Benjamin Black, Ross Sandler, Gene Munster, Goldman Sachs, Eric Sheridan, Bank of America's Justin Post, Truist's Youssef Squali, Citi's Ronald Josey Organizations: Jefferies, Deutsche Bank, Barclays, Bank of America's, DR Locations: Asia, Pacific

☆ How Truth Social could make former President Trump billions before turning a profit
▼ + stars: | 2024-07-24 | by ( Carlos Waters | In Carloswaters | ) www.cnbc.com time to read: +2 min

Truth Social is a social media platform whose majority owner is former President Donald Trump. The public has limited access to Truth Social's usage data, which drives advertising sales, a key metric for success at Truth Social. Truth Social's parent company, Trump Media & Technology Group, is the product of a blank-check merger with a special purpose acquisition company, or SPAC, which was completed in March 2024. Securities and Exchange Commission filings for Trump Media & Technology Group mention a variety of risks, including that it could potentially fail to live up to its promise to generate users and advertisers. Watch the video above to learn more about Truth Social and its parent company, Trump Media & Technology Group.

Persons: Donald Trump, Michael Klausner Organizations: Truth, CNBC, Trump Media & Technology Group, Trump, TMTG's, Acquisition Corporation, Investors, Stanford Law School, Securities, Exchange, Trump Media & Technology, Social

☆ A 'peak boomer' working in Germany plans to retire in the US because he believes the healthcare is better
▼ + stars: | 2024-07-24 | by ( John Towfighi | ) www.businessinsider.com time to read: +6 min

Read previewAfter a decade of working abroad, George said he'll return to the US to retire. While he said the healthcare system is great on average, it's becoming more difficult to manage the bureaucracy of insurance filings as an American abroad. "You can pretty much get anywhere by train or bus within Germany," George said. Before he retires to the US, he said he'll try to appreciate all the perks of living abroad. Are you an American living or working abroad and considering retiring in the US?

Persons: —, George, he'll, George hasn't, he's, Munich George Organizations: Service, Alliance, Lifetime, Income, Social Security, Business Locations: American, Munich, Seattle, Medicare, Germany, Philippines, America, Europe, Saudi Arabia, Italy, Ukraine, New York, Chicago, Mallorca, Sicily, Dubai

☆ AI startup Cohere cuts staff after $500 million funding round
▼ + stars: | 2024-07-23 | by ( Hayden Field | ) www.cnbc.com time to read: +3 min

Cohere, the artificial intelligence startup founded by ex-Google AI researchers and backed by Nvidia , cut about 20 roles on Tuesday, CNBC confirmed. Despite the cuts, Cohere is hiring in areas such as customer operations, partnerships, revenue, sales, product design and modeling, according to its website. In June 2023, Cohere raised $270 million at a $2.2 billion valuation, with Salesforce and Oracle participating in the funding round. Many customers include businesses in banking, financial services and insurance, Kon told CNBC in the past. In November, Cohere told CNBC it saw an uptick in customer interest after OpenAI's sudden and temporary ouster of CEO Sam Altman.

Persons: Aidan Gomez, OpenAI, Cohere, Fortune, It's, Anthropic, Claude chatbot, Martin Kon, Kon, Sam Altman Organizations: Cohere Inc, Economic, Cohere, Google, Nvidia, CNBC, AMD, Oracle, Salesforce, Company, White, Enterprise Locations: Davos, Switzerland, Cohere, Cohere's

☆ A 5-part investing playbook for avoiding chaos as US stocks head down a rocky path to the election: Truist's strategy chief
▼ + stars: | 2024-07-23 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

Read previewInvestors should stay on guard as this market rally loses steam, a veteran strategy chief says. The investment chief and the chief market strategist signaled in April that US equities had an attractive risk-reward setup after a 5.5% selloff. "All those factors combined suggest maybe a choppier market, even though we still think the long-term bull market is intact," Lerner said. "In the fall, I think investors will eventually come back to tech because I still think that's the main secular theme of this bull market," Lerner said. "But I don't know that this is a game changer for this bull market where small caps will be leadership."

Persons: —, Truist's Keith Lerner, Lerner, Truist, Truist Lerner, he's, you've, isn't, haven't Organizations: Service, Nasdaq, Business

☆ Bank of America strategist says it's time to get bearish
▼ + stars: | 2024-07-22 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

As stocks pull back from all-time highs, a top Bank of America strategist warned investors to be cautious, citing a series of economic indicators that have historically signaled the end of a rally. "Historically, whenever the unemployment rate has started to rise, it has never gone down again. The unemployment rate unexpectedly climbed to 4.1% in June , tied for the highest level since October 2021. The strategist added that such conditions typically lead to higher risk premiums and lower asset prices, especially given the current elevated market levels. The Bank of America strategist also expressed concern about consumer confidence, which he described as "collapsing."

Persons: Sebastian Raedler, Raedler, Hani Redha, Redha, Peter Lynch Organizations: Bank of America, . Treasury, University of Michigan, Pine, Investments Locations: U.S

☆ Twitter's not back. But it's not going anywhere, either. Ask Ezra Klein.
▼ + stars: | 2024-07-22 | by ( Peter Kafka | ) www.businessinsider.com time to read: +6 min

But Biden, like a lot of social media users, is a promiscuous poster: The same message went out on Threads and Instagram. Confirmed debate wasn't a… — Ezra Klein (@ezraklein) July 18, 2024Again: Klein has a column and a popular podcast at The New York Times, with all of the reach and clout that entails. I don't think it's good for the way I think most of the time. I don't think that's what Musk thought he was buying two years ago, and I don't feel great about using it myself. But I don't think it's going anywhere.

Persons: Musk, That's, Hasan Chowdhury, Joe Biden, Biden, Ezra Klein, podcaster, —, Senate Dems, Klein, I'd, I'm Organizations: Service, Business, The New York Times, Vox Media, Twitter, Dems, Senate, CNN Locations: United States, @ezraklein

☆ Hackers are already taking advantage of the CrowdStrike outage chaos
▼ + stars: | 2024-07-22 | by ( Brian Fung | Sean Lyngaas | ) edition.cnn.com time to read: +6 min

CrowdStrike has issued its own guidance on what affected organizations can do in response to the issue. One example of that has been targeting Spanish-speaking CrowdStrike customers, the company said in a separate blog post. When opened, the file installs malicious software that phones home to a server the hackers control and may use to give additional instructions to the malware. “CrowdStrike Intelligence recommends that organizations ensure they are communicating with CrowdStrike representatives through official channels and they adhere to technical guidance the CrowdStrike support teams have provided,” the company said. “Bad actors routinely try to take advantage of current events, so it’s not all surprising to see them attempting to take advantage of this one,” Callow said.

Persons: CNN —, ”, CrowdStrike, Kenn White, “, cybercriminals, Lina Khan, Azim Khodjibaev, Brett Callow, ” Callow Organizations: CNN, Department of Homeland Security, Infrastructure Security Agency, CrowdStrike Intelligence, Federal Trade Commission, Internal Revenue Service, Social Security Administration, FTC, Cisco, FTI Consulting

☆ There's an 'old school' corner of the stock market that looks cheap and should benefit from a coming spending boom, BofA says
▼ + stars: | 2024-07-22 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

Analysts say infrastructure investments are cheap relative to the rest of the market. "AI/TMT capex beneficiaries are pricing in strong growth after a year of momentum. "AI adoption has accelerated growth in electrical, thermal, and HVAC manufacturers…But unlike TMT, these sectors haven't priced in as strong growth. As infrastructure investment has slowed, manufacturing activity has only sped up, taxing increasingly older infrastructure, and America's roads, bridges and transportation systems show it. AdvertisementThe Bank of America analysts aren't the first to point to a need for increased attention to US infrastructure and industrialization.

Persons: —, Goldman Sachs, Biden's, Savita Subramanian, Biden, aren't, Richard Bernstein Organizations: Bank of America, Service, Analysts, American Society of Civil Engineers, Republican, of America, Investment

☆ Investors see Broadcom catching up to Nvidia as the next big AI play, Citi says
▼ + stars: | 2024-07-22 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

Broadcom is emerging as a strong AI stock pick, according to Citi. The bank said Broadcom is seeing an uptick in its AI business as it gains new customers like OpenAI and Bytedance. "We also believe there is some investor fatigue with NVDA," Citi said. AdvertisementBroadcom is gaining ground on Nvidia as the next hot AI stock among investors, according to a Monday note from Citi. We also believe there is some investor fatigue with NVDA," Citi said.

Persons: — Organizations: Broadcom, Citi, Service, Nvidia, Nasdaq, VMware, NXP Semiconductors, Micron, MU, Samsung Locations: New York, Connecticut, 3Q24

☆ Global markets rise after Biden exit
▼ + stars: | 2024-07-22 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +3 min

New York CNN —Global markets made solid gains after President Joe Biden dropped out of the 2024 presidential election Sunday and endorsed Vice President Kamala Harris as the Democratic nominee. European markets were higher, and Asian markets closed mostly lower. But “the fact that Biden endorsed Kamala Harris reduces uncertainty,” said Jay Hatfield, CEO at Infrastructure Capital Advisors. “Markets are increasingly focused on the US presidential election in November,” wrote Deutsche Bank’s Henry Allen in a research note on Monday. Stocks tumbled toward the end of last week as a turbulent election cycle and a global tech outage rocked technology stocks in particular.

Persons: Joe Biden, Kamala Harris, Donald Trump, unwind, Harris, Biden, ”, Jay Hatfield, Trump, ” Hatfield, Deutsche Bank’s Henry Allen, Lyndon Johnson, Stocks Organizations: New, New York CNN — Global, Democratic, Dow, Nasdaq, Trump, Infrastructure Capital Advisors, Deutsche Bank, “, Deutsche Locations: New York

☆ How hedge funds are trading the dollar, ETFs, bonds, and gold in anticipation of a Trump win
▼ + stars: | 2024-07-20 | by ( Laila Maidan | ) www.businessinsider.com time to read: +4 min

Elliot has observed hedge funds expressing bullishness on the dollar in two main ways. Hedge funds are also taking long positions in exchange-traded funds specific to sectors likely to benefit from a loosening of regulatory constraints. In response, Elliot says hedge funds are moving into short positions on long-duration bonds, which is five years or more. Finally, given the rising uncertainty around inflation and deficit spending, hedge funds have shifted to increasing their positions in gold by buying gold futures contracts, he said. These contracts set up agreements on the purchase of a predetermined amount of gold at a set price by a set date.

Persons: Bob Elliott, Elliot Organizations: Service, Federal, Trump, Republican Locations: Washington

☆ CrowdStrike imposters are luring victims into scams after global tech outage
▼ + stars: | 2024-07-20 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +1 min

Fake tech support scams have emerged after the CrowdStrike outage disrupted systems worldwide. The outage was caused by a defective software update from CrowdStrike, not a cyberattack. CrowdStrike warned about phishing and fake websites and shared a list of impersonators. AdvertisementTech support scams are popping up after Friday's CrowdStrike debacle, which disrupted computer systems worldwide and across industries. The meltdown was triggered by a faulty software update CrowdStrike released in the morning, leaving businesses and others scrambling for solutions.

Persons: CrowdStrike, —, Friday's Organizations: Service, Business

Deputy White House chief of staff Annie Tomasini, a longtime aide to the Bidens, joins Donilon and Ricchetti in forming a protective bubble around the president. “The phones just kind of stopped ringing,” is how one senior Democrat put it. “Staff in general are just over the leadership here,” one White House official said. Inside the White House, senior administration officials are bracing for Republicans to call for Biden to resign the presidency if he doesn’t seek reelection. With Biden’s political future on the brink, the White House is fielding a steady stream of letters, telephone calls and message from Americans, too, from Democratic voters like Terri and John Hale.

Persons: Joe Biden, “, Biden, Anita Dunn, Bob Bauer, Jen O’Malley Dillon –, –, Mike Donilon, Steve Ricchetti –, Annie Tomasini, Anthony Bernal, Jill Biden, Tomasini, Biden –, Andrew Bates, they’ve, ” Bates, Kevin Munoz, we’re, Nancy Pelosi, Pelosi, ”, Donilon, Hakeem Jeffries, Jeffries, ” Biden’s, Quentin Fulks, doesn’t, Terri, John Hale, Hales, ” CNN’s Pamela Brown Organizations: Washington CNN, White, Democratic, CNN, Wing, Biden, White House, Donilon, Democrats, “ Staff, House Locations: ”, Milwaukee, Covid, Delaware, Rehoboth Beach, Ankeny , Iowa

☆ CNBC's Inside India newsletter: How will India spend its billions?
▼ + stars: | 2024-07-18 | by ( Ganesh Rao | ) www.cnbc.com time to read: +5 min

New Delhi, India – February 01: Finance minister, Nirmala Sitharaman, outside Finance Ministry on the Budget Day, with other members of Finance Ministry in New Delhi on February 01, 2024. (Photo by Hardik Chhabra/ The India Today Group via Getty Images)This report is from this week's CNBC's "Inside India" newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. There are high expectations for a "populist" budget since the recent general election results delivered a slimmer than expected win for Modi. The demands from the various members of the fragile alliance could mean the government opens the taps on welfare spending. Bank of America analysts, who are also open to the idea that the deficit may fall, believe it is "refreshing" to see a finance minister "under-promise, over-deliver."

Persons: Nirmala Sitharaman, Hardik Chhabra, Narendra Modi's, Premal Kamdar, Modi, Goldman Sachs, Santanu Sengupta, Sengupta, It's, Goldman, Staples, Adity Suresh, Aastha Gudwani Organizations: Finance, Finance Ministry, India Today, Getty, BJP, Modi, UBS Wealth Management, Bank of America, Reserve Bank of India, UBS, Kamdar, Columbia India Consumer ETF, Hindustan Unilever, Unilever, " Bank of America's, Central Public Sector Enterprises Locations: Delhi, India, New Delhi, Bihar, Hindustan, " Bank of America's India

☆ JD Vance says deporting 20 million people is part of the solution to high housing costs
▼ + stars: | 2024-07-17 | by ( Eliza Relman | ) www.businessinsider.com time to read: +5 min

Read previewOhio Sen. JD Vance, former President Donald Trump's VP pick, has made his hawkish views on immigration central to his transformed political persona. In the past, Vance has also blamed the housing affordability crisis largely on high interest rates. AdvertisementThe Trump-Vance housing policy recordTrump hasn't talked much about housing policy on the campaign trail, despite arguing that Biden hasn't done enough to control housing costs. AdvertisementTrump doesn't support upzoning to legalize denser housing construction in low-density neighborhoods — a key part of the solution to the housing supply shortage, according to experts. He claimed Biden wanted to "abolish" the suburbs by encouraging more affordable housing construction.

Persons: —, Ohio Sen, JD Vance, Donald Trump's, Vance, Trump, Biden, Trump's, hasn't Organizations: Service, Business, NPR, Department of Housing, Urban Development, Center, Budget, HUD, Trump Locations: Ohio, Mexican

☆ This school has 12-hour days, 'relaxing' meals — and no smartphones
▼ + stars: | 2024-07-17 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +8 min

Helping an 'Anxious Generation'All Saints' experiment with an extended school day comes as concern mounts about the impact of smartphones and social media on teenagers. AdvertisementUS Surgeon-General Vivek Murthy also recently called for social media to carry cigarette-style warning labels to warn of the health risks. Writing in The New York Times, he said social media increased the risk that children would suffer anxiety and depression. However, the extended school day program has produced some noteworthy results. AdvertisementRausch said his research had shown that constant access to smartphones and social media only increases social inequality.

Persons: —, London that's, It's, Andrew O'Neil, O'Neil, it's, Andrew O'Neill ., mick, Zacariah Pinto, Mia Benoit, Benoit, I'm, Pinto, Jonathan Haidt, Vivek Murthy, Zach Rausch, Haidt, Rausch, Rebecca Fuller, Jonathan Brenner, Helena, Brenner, She's Organizations: Service, Saints Catholic College, Business, Grenfell Tower, All, YouTube, The New York Times, NYU, Stern School of Business, Saints, Eton Locations: Notting Hill, London, Notting, Portobello

☆ Why have one baby when you can have 2? People are paying $500,000 to hire 2 surrogates at once and have 'twiblings'
▼ + stars: | 2024-07-16 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +12 min

"It is a luxury, absolutely," Brooke Kimbrough, cofounder and CEO of Roots Surrogacy, told BI. All the surrogacy agencies BI spoke with said it's essentially never the case that someone opts for surrogacy simply for vanity reasons. Perhaps the primary drawback to pursuing concurrent surrogacy (that is, besides the high price tag) is the logistics of it. Jarret Zafran, founder and executive director at Brownstone Surrogacy, told BI that it's not necessarily only the ultrawealthy who pursue concurrent surrogacy. But he's still not totally sure why they chose to do concurrent journeys rather than space the children out a bit more.

Persons: —, Bill Houghton, Houghton, twiblings, surrogates, Brooke Kimbrough, Kim Kardashian, Chrissy Teigen, Teigen, John Legend, Dimitrios Kambouris, it's, they've, Kim Bergman, They've, David Sher, Sher, It's, Bergman, Jay L, There's, doesn't, Jarret Zafran, Zafran, he's Organizations: Service, Business, Global Market, BI, American Society for Reproductive Medicine, Elite, The Washington Post Locations: Spain

☆ These are America's 10 best states for buying and selling a home in 2024, with a big caveat at No. 1
▼ + stars: | 2024-07-16 | by ( Scott Cohn | ) www.cnbc.com time to read: +8 min

CNBC considers the housing market as part of the Economy category in America's Top States for Business, the annual rankings of all 50 states. We consider price appreciation and seller gains, as well as affordability, inventory, and housing starts. Still, price appreciation remains healthy. That price appreciation may be bringing more construction activity, which is one reason inventory levels are rising. 1 (Top States Grade: A+) Appreciation: 6.85% Inventory (July): 4 months Affordability score: 0.44 Effective property tax rate: 0.76% Median sales price: $420,100

Persons: Indiana homebuyers, Elijah Nouvelage, Tennessee Cynthia Holzapfel, Cynthia Holzapfel, Kevin Wurm, Roger Kisby, Allison Joyce, Sellers, Sam Wolfe, Jakub Porzycki Organizations: CNBC, Business, Istock, Getty, Indiana, Hoosier State, Bloomberg, Washington Post, Volunteer State, Southern Highlands, ., State, North Carolina Workers, Arizona, South Carolina Homes, Palmetto State, Nurphoto Locations: States, Delaware, Brookside Delaware, Indiana, Midwest, USA, Georgia, Atlanta , Georgia, U.S, Peach, Summertown , Tennessee, Nevada, Las Vegas , Nevada, . New Jersey New Jersey, Barnegat, , New Jersey, Illinois, Lillington , North Carolina, Alabama, Yuma , Arizona, Summerville , South Carolina, Palmetto, Florida, Duval, Key West, United States

☆ IMF sees ‘bumps’ in path to lower inflation
▼ + stars: | 2024-07-16 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

The International Monetary Fund warned Tuesday that upside risks to inflation have increased, calling into question the prospect of multiple Federal Reserve interest rate cuts this year. In its latest World Economic Outlook update, the IMF said "the momentum on global disinflation is slowing, signaling bumps along the path." The rise in sequential inflation in the U.S. earlier in 2024 has put it behind other major economies in the quantitative easing path, the report said. However, IMF chief economist Pierre-Olivier Gourinchas told CNBC's "Squawk on the Street" on Tuesday that one rate cut from the Fed is most appropriate this year, highlighting still-stubborn services and wage inflation as complications to the path to lower inflation. Despite the encouraging CPI report, Gourinchas stated the uptick in inflation earlier in the year indicates that the path toward lower inflation and rate cuts "could take a little bit longer than maybe the markets are expecting."

Persons: Pierre, Olivier Gourinchas, CNBC's, Gourinchas Organizations: Monetary Fund, Traders, U.S . Labor Department Locations: U.S

☆ Wall Street 'bake offs' are back. Here's what it means for dealmaking, according to Morgan Stanley CEO Ted Pick.
▼ + stars: | 2024-07-16 | by ( Reed Alexander | ) www.businessinsider.com time to read: +5 min

Read previewWhen Morgan Stanley reported earnings on Tuesday, it wasn't the first bank to make hay over the coming "investment-banking rebound." Top executives up and down across Wall Street have been talking for days about their predictions that Wall Street's bread-and-butter business of advising and financing deals could soon come roaring back. And the parade of optimism has only heated up this year as investment-banking revenues have started the slow climb from historical lows. AdvertisementIB revenues surgingLike many of the other Wall Street banks that reported earnings in recent days, Morgan Stanley saw investment-banking revenues soar in the second quarter. And as Pick said on Tuesday, Wall Street is getting excited about more than just traditional dealmaking, but also the financing and other hedging strategies that come with companies getting off the sidelines.

Persons: —, Morgan Stanley, Mike Mayo, Mayo, Morgan, Ted Pick, Pick, Goldman Sachs, Goldman, Solomon, Chase, It's, It'd Organizations: Service, Wells, Wells Fargo Securities, Business, Wall, Reserve, quicken, Goldman, Bank of America Locations: Wells Fargo, issuances, Mayo

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