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☆ Private jet flights are down 15% in two years as Covid-era demand wanes
▼ + stars: | 2024-08-16 | by ( Robert Frank | ) www.cnbc.com time to read: +7 min

Private jet flights fell 15% in the first half of the year compared with their peak in 2022, as the industry grapples with waning demand and a new competitive landscape for high-end travel. Despite a short boost from the Summer Olympics, with a record 713 private jet flights to Paris the last week of July, the private jet industry continues to lose altitude this travel season. Jet It, a large U.S. private jet operator, shut down last year after grounding its fleet of Phenom 300s, Gulfstream G150s and HondaJets. Private jet passengers who paid six figures for flights started facing delays and cancellations as operators couldn’t buy or lease planes fast enough. “Prices are about 20% higher than they were in 2019,” Private Jet Card Comparisons' Gollan said.

Persons: Washington's, J, David Ake, Robert Frank, Covid, Rob Wiesenthal, George Mattson, VistaJet, Thomas Flohr, Doug Gollan, ”, Jay Duckson, —, ‘, I’m, Gollan, Travis Kuhn, “ It’s, ” Gollan, Berkshire Hathaway, ” Kuhn, “ Organizations: Gulfstream, Washington's Reagan National Airport, Getty, Private, Summer, Argus International, Blade Air Mobility, Delta Air Lines, CNBC, Industry, Central Business Jets, Companies, Jefferies, Argus, Berkshire Locations: Arlington , Virginia, Paris, U.S, Covid, Argus, “

☆ TikTok 'finfluencers' accurately called the AI rally, but credibility concerns dog them
▼ + stars: | 2024-08-16 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +5 min

The team then tracked the prices of the recommended stocks from the day the videos were posted up until June 21, 2024. The most profit that an investor could have generated from a single stock would have been Nvidia, which grew 63.08% in the period surveyed. If a person invested $1,000 in every stock recommended in the one video that got the most bets right, the gains would have amounted to $4,860. On the other hand, putting money into all the stocks recommended in the video that got most bets wrong would have led to a loss of $1,517. "Furthermore, a single period coincident result does not translate to a definitive conclusion of predictability in the long run."

Persons: Dado Ruvic, Let's, —, Gerald Wong, Wong, Jeremy Tan, Jiang Zhang, — Zhang, Tan Organizations: Reuters, Nvidia, Qualcomm, Google, Ginkgo, Holdings, CNBC, Tiger Fund Management, Management, Investor Locations: York, Singapore

☆ Consumer spending jumped in July as retail sales were up 1%, much better than expected
▼ + stars: | 2024-08-15 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

watch nowConsumer spending held up even better than expected in July as inflation pressures showed more signs of easing, the Commerce Department reported Thursday. Advanced retail sales accelerated 1% on the month, according to numbers that are adjusted for seasonality but not inflation. Excluding auto-related items, sales increased 0.4%, also better than the 0.1% forecast. Miscellaneous retailers saw a plunge of 2.5% while gas stations saw receipts climb just 0.1% and clothing stores were down 0.1%. There was one counterpoint to that in another data release Thursday in which the Labor Department said import prices increased 0.1% in July, slightly ahead of the forecast for no change.

Persons: Dow Jones, Richard de Chazal, William Blair Organizations: Commerce Department, Stock, Labor Department

☆ Buy these stocks with solid earnings power during the volatility, Wolfe Research says
▼ + stars: | 2024-08-14 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Second quarter earnings season has delivered robust profits despite the recessionary concerns that have roiled the market in recent days. Now, Wolfe Research recommends a handful of stocks that are positioned to outperform in the back half of the year. Here are some of the stocks that made the Wolfe Research screen: Apple was the only "Magnificent Seven" stock that made Wolfe's screen. Zoetis also appeared on the Wolfe screen. Duke Energy , which also reported quarterly results that beat expectations last week, also made Wolfe's screen.

Persons: Chris Senyek, Wolfe, Apple, Luca Maestri, Kellanova, FactSet, Mars, Snickers –, CNBC's David Faber, Hershey, althought, Zoetis Organizations: Wolfe Research, Apple, LSEG, Pfizer Animal Health, Duke Energy Locations: Chicago, New Jersey, North Carolina

Several analysts raised their ratings and price targets on Starbucks a day after news that Chipotle CEO would take over at the coffee chain. Starbucks shares rallied on the news, while Chipotle shares fell. He also lowered his price target on shares to $685 from $750, which implies just 6% upside from Monday's close. Chipotle shares pulled back of 7% comes as decelerating trends and a sector rotation already impacted Chipotle's multiple. Since Niccol took the position of CEO in 2018, Chipotle shares surged more than 770%.

Persons: Bernstein, Fatima Boolani, Boolani, — Hakyung Kim, Eli Lilly Eli Lilly's, Berenberg, Lilly, Kerry Holford, " Holford, Morgan Stanley, Keith Weiss, Weiss, Hakyung Kim, Brian Niccol's, Danilo Gargiulo, Gargiulo, Niccol, Chipotle, Laxman Narasimhan, Brian Niccol, Baird, David Tarantino, Fred Imbert Organizations: CNBC, Citi, Palo Alto, Palo Alto Networks, pharma, Intuit, Starbucks, Deutsche Bank, SBUX Locations: Tuesday's

Olivia Ott / NBC NewsHow we tested Windmill and July’s air conditionersTwo of my colleagues and I tested Windmill and July’s ACs for at least five weeks in our New York City apartments. July sent me its small 6K BTU air conditioner, which I put in my bedroom. My LG air conditioner was so loud that I felt like I couldn’t hear myself think. JulyEven after over a month, I’m still shocked when I walk into my bedroom and barely notice my air conditioner. For this article, I tested July’s air conditioner for over a month, and two members of NBC Select’s staff tested Windmill’s air conditioner for over a month.

Persons: you’ll, Zoe Malin, Nikki Brown, Olivia Ott, Bianca Alvarez, you’re, I’ve, ”, Brown, Alvarez, I’d, she’s, “, it’s, Windmill’s, I’m, Both Alvarez, hasn’t, —, TikTok Organizations: NASA, NBC, British, Units, National Council, Aging, Alexa, July’s, ACs, Windmill, AC, July’s AC, LG, Amazon Alexa, decibel, Facebook, Twitter Locations: New York City, BTUs, Taskrabbit, NYC, France

☆ Opinion | Nate Silver on How Kamala Harris Changed the Odds
▼ + stars: | 2024-08-13 | by ( Ezra Klein | ) www.nytimes.com time to read: +81 min

You know, Hillary Clinton, who was, I think, kind of a terrible candidate, won the popular vote by two points. So I don’t think they gave her a very good hand to play. It doesn’t matter who you are, it matters that you’re right and you’re able to prove it or bet on it in some way. What wasn’t in the Harris model that should have been?” “Yeah, maybe you really can meme your way to victory. And there’s something in it that I don’t think she can explain how she does it, but it makes her a fascinating leader.

Persons: Nate Silver, ”, ESPN’s Nate Silver, Silver, He’s, “ Savage, ” “, he’s, Ezra, Harris, we’ve, Kamala Harris, Donald Trump’s, There’s, Hillary Clinton, she’s, She’s, Gavin Newsom, It’s, Biden, I’m, you’re, Joe Biden, Democratic Party Harris, Liz, —, “, Donald Trump, that’s, George W, Bush, Donald Trump wasn’t, it’s, Michael Jackson, Woody Allen, ’, Chick, don’t, George Floyd, ‘ COVID, COVID, Peter Thiel, Elon Musk, Michael Moritz, Elon, Mark Cuban, Thiel, Max Chafkin, Mark Zuckerberg, Larry Page, Sergey Brin, Marc Andreessen, Ted Cruz, Sam Bankman, Tom Brady, SBF, Carrick Flynn, Oregon’s, I’m Carrick Flynn, Tara MacAulay, vouched, Bill Clinton, Tyler Cowen, they’ve, Jane, JD Vance, Peter Thiel’s, Vance, Trump, Steve Bannon, Don Trump, Jr, Tucker Carlson, Tim Walz, Josh Shapiro, Tell, you’ve, Shapiro, Walz, I’ve, Iglesias, Obama, Susan Collins, Joe Manchin —, Jon Tester, ” “ Sherrod Brown, I’d, Dana White, Hulk Hogan, Joe Biden’s, — let’s, Mike Donilon, Kennedy, ” “ Tim Alberta, Georgia —, Brian Kemp, Blake Masters, Rick Scott, ” “ Trump, Doug Burgum, Black, didn’t, — Woodrow Wilson, Harry Truman, Michael Jordan, everyone’s, Nancy Pelosi’s, Nancy Pelosi, Joe ’, we’re, I’ll, John Coates, Richard Rhodes, Natasha Schüll, Natasha Organizations: Oracle, Trump, Democratic Party, Facebook, Twitter, The New York Times, ’ Harvard University, Democratic White House, Republican White House, Democratic, Silver, George, Vegas, Poker, extroversion, Elon, Sequoia Capital, McLaren, Paypal, Republican, New, PAC, Alameda, Las, Ohio Senate, underperform, White, UFC, RNC, Biden, Biden ., National Association of Black Journalists, Deutsche Bank, Manhattan Project, Design Locations: Nate, Russian, Russia, ’, Elon, Florida, predestiny, Bahamas, Sam, Africa, New York, Oregon, Las Vegas, Petersburg, United States, Ohio, Trump, Minnesota, ” “ Pennsylvania, Pennsylvania, Gaza, Chicago, Montana, Nevada, North Carolina, Georgia, Nevada , Arizona, Biden . Georgia, Carolina, Arizona, Ukraine, LA, It’s, Vegas

☆ Gold dips as investors book profits, U.S. inflation data in focus
▼ + stars: | 2024-08-13 | by ( ) www.cnbc.com time to read: +2 min

Prices rose more than 1% in the previous session. "Prices will benefit if the U.S. inflation data comes in on the softer side of the ledger, which would reignite hopes of an aggressive rate cut from the Fed in September." The CPI data is expected to show that headline and core prices rose 0.2% month-on-month. Markets see about 50% chance of a 50 basis point rate cut in September, according to the CME FedWatch Tool. "If markets become more optimistic of a 50 bp cut coming to fruition, this could propel the gold price to make a run at the $2,500 level," Waterer said.

Persons: Alexander Manzyuk Gold, Tim Waterer, Waterer, Benjamin Netanyahu Organizations: REUTERS, Federal, KCM, Fed, Traders Locations: Siberian, Krasnoyarsk, Russia, U.S, Gaza

☆ Investor who owns both Starbucks and Chipotle on how she's viewing Niccol jumping over
▼ + stars: | 2024-08-13 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Starbucks sent shockwaves through the business world on Tuesday with its announcement that Chipotle CEO Brian Niccol would take the same role at the coffee chain, replacing Laxman Narasimhan. While Starbucks shareholders and Wall Street rejoiced , it's a double-edged sword for Tengler as a holder of both stocks. "While I cheered the move of Brian to Starbucks this morning, I mourned it at the loss at Chipotle." To be sure, Starbucks investors had to go through pain to get to this point. Heading into Tuesday's opening bell, the stock was down about 22% compared with when Narasimhan, the outgoing Starbucks CEO, took over in March 2023.

Persons: Laffer, Nancy Tengler, she's, Brian Niccol, Laxman Narasimhan, it's, Tengler, Brian, she'll, Chipotle, Niccol, nabbed, I'm, that's, —, Robert Hum, Tom Rotunno Organizations: Starbucks Locations: Chipotle, Seattle

☆ High doses of meth found in candy handed out to over 300 families in New Zealand
▼ + stars: | 2024-08-13 | by ( Story Associated Press | ) edition.cnn.com time to read: +2 min

A charity working with homeless people in Auckland, New Zealand unknowingly distributed candies filled with potentially lethal doses of methamphetamine in its food parcels after the sweets were donated by a member of the public. The City Missioner, Helen Robinson, said eight families, including at least one child, had reported consuming the contaminated candies since Tuesday. Auckland City Mission was alerted Tuesday by a food bank client who reported “funny-tasting” candy. It was not clear how many had been distributed in that time and how many were made of methamphetamine. Some of those who had received the food parcels were clients of the charity’s addiction service and the news that drugs had been distributed had provoked distress.

Persons: Ben Birks Ang, Birks Ang, Helen Robinson, Robinson, “, ”, ” Robinson, Rinda Organizations: Auckland City Mission, New Zealand Drug, Malaysian, Mission, Staff, Associated Press Locations: Auckland , New Zealand, Auckland, New Zealand

Austin Urlaub, 23, Michigan Finishing his master's in social work amid booming demand from people seeking addiction treatment. Lives at home and earned a free ride to college, so his financial situation is stable. But the Michigan native is still the first in his family to go directly into social work. “But now, social workers are becoming in demand; every workplace now pretty much requires one. Living situation: Urlaub is living at home with his parents while he completes his master's.

Persons: Austin Urlaub, Urlaub, ‘, you’re, ’ ”, It’s, I’m, He’s, ”, “ It’s, “, it’s, there’s, Joe Biden, Donald Trump, ” Urlaub, Robert F, Kennedy Jr, it’ll, We’ve, ’ Organizations: NBC, Michigan, GOP, CNN Locations: Michigan, ”, Detroit

☆ Goldman says buy these cheap stocks with healthy fundamentals during this sell-off
▼ + stars: | 2024-08-12 | by ( John Melloy | ) www.cnbc.com time to read: +1 min

"If economic fears continue to fade and the market becomes more micro-driven in coming months, then the recent sell-off represents an attractive opportunity to buy stocks with healthy fundamentals at valuation discounts," wrote Goldman chief U.S. equity strategist David Kostin and team in a note to clients Friday. Goldman screened for stocks that have seen their earnings estimates ratchet up since the start of the third quarter, but posted weak relative returns during the last week. Goldman noted that cyclical stocks underperformed defensive names last week, showing that "macro" is driving equity returns. Once investors' focus returns to normal, stocks with strong fundamentals and valuations like those on this list will start to benefit, the firm argues. "If the data confirm our economists' optimistic view, investors will likely pivot back to focusing on alpha opportunities rather than market betas."

Persons: Goldman Sachs, David Kostin, Goldman Organizations: Goldman, Micron, Systems

☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Qualcomm, Robinhood, Starbucks, Disney & more
▼ + stars: | 2024-08-12 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Monday's biggest calls on Wall Street: UBS reiterates Nvidia as buy UBS said it's sticking with Nvidia shares heading into earnings later this month. Wolfe downgrades Qualcomm to peer perform from outperform Wolfe said Apple's internal modem use is finally having an effect on Qualcomm. Jefferies upgrades Par Technology to buy from hold Jefferies said it's bullish on shares of the "pure-play" restaurant tech platform. " Deutsche Bank upgrades Eli Lilly to buy from hold Deutsche upgraded the stock following earnings last week. Bank of America upgrades Churchill Downs to buy from neutral Bank of America said it likes the racing company's growth pipeline.

Persons: Morgan Stanley, Disney, it's, Wolfe, Qualcomm, Wedbush, it's bullish, Jefferies, Walmart Evercore, Piper Sandler, Piper, HOOD, Goldman Sachs, Mills, Goldman, Canaccord, Mizuho, Cummins, Wells, PRU, Eli Lilly, Churchill, Jim Anderson Organizations: UBS, Nvidia, RBC, Ardent Health, Ardent Health Partners, Inc, Qualcomm, Jefferies, Technology, Walmart, HSBC, GE Vernova, GE, Micron, MU, Elliott, Bank of America, Liberty Global, underperform Bank of America, Liberty, Prudential, Allstate, Deutsche Bank, Deutsche, of America, " Bank of America Locations: Asia, Cupertino, Wells, Churchill

Introduction to the Southwest Rapid Rewards® Plus Credit CardThe Southwest Rapid Rewards® Plus Credit Card is perfect for infrequent Southwest travelers who want some benefits with this airline without paying a high annual fee. Southwest Rapid Rewards® Plus Credit Card BenefitsThe Southwest Rapid Rewards® Plus Credit Card doesn't come with some of the other benefits offered by other Southwest cards, such as elite-qualifying points or travel credits. Southwest Rapid Rewards Plus Credit Card Annual Fee and Other CostsThe Southwest Rapid Rewards® Plus Credit Card, in addition to charging a $69 annual fee, also charges foreign transaction fees of 3% of the amount of each transaction in U.S. dollars. Southwest Rapid Rewards® Priority Credit Card vs. Southwest Rapid Rewards® Plus Credit CardThe Southwest Rapid Rewards® Priority Credit Card is Southwest's top-tier consumer credit card, and the one you should consider if you frequently fly Southwest. Southwest Rapid Rewards Plus Credit Card Frequently Asked QuestionsWhat are the main benefits of the Southwest Rapid Rewards® Plus Credit Card?

Persons: cardholders, HBO Max, they'll, you'll, Chase, Cardholders, You'll, Jasmin Baron, Read, Angela Fung Organizations: Business, Rewards, Card, Southwest, Rapid, Southwest ®, FDIC, Apple, Disney, ESPN, HBO, Hulu, Netflix, Pandora, Paramount, Showtime, Spotify, YouTube, Central America, U.S, Premier, Chase Southwest Rapid, Chase, Sapphire, Southwest Rapid, Southwest Airlines, Chase Bank, Finance Locations: Southwest, Hawaii, Caribbean, Mexico, Central America, U.S, Central, Southwest airfare, Chase, Canada

☆ I hiked a mountain in the Andes to celebrate my 40th birthday. The hallucinations and violent vomiting that followed had not been part of the plan.
▼ + stars: | 2024-08-12 | by ( Elizabeth Lavis | ) www.businessinsider.com time to read: +6 min

I got altitude psychosis a few hundred meters from high camp as I scaled the frigid face of Huayna Potosi, the ninth-highest mountain in the Bolivian Andes. The geodesic dome was surrounded by snow at Huayna Potosi High Camp. Elizabeth LavisThanks to my excellent guide, I made it to high camp and spent the night in an orange geodesic dome perched on Potosi's precarious eastern side. He rapidly identified the seriousness of the situation, carried my day pack the rest of the way, and helped me ascend slowly to high camp. While I was fairly fit and prepared to climb Huayna Potosi, I didn't consider the mental or extreme physical toll the mountain would take.

Persons: —, hallucinating, crampons skidding, Elizabeth Lavis, I've, it's Organizations: Service, Business, Bolivia's La, El, Huayna, Psychiatry Locations: Huayna Potosi, Bolivian, Caucasus, Potosi, Bolivia's, Bolivia's La Paz, El Alto, Lake Titicaca, Peru, Bolivia, Camp, Svaneti , Georgia

☆ Falling commodity prices are indicating there is trouble brewing with the economy
▼ + stars: | 2024-08-12 | by ( Spencer Kimball | ) www.cnbc.com time to read: +4 min

Commodity prices have tumbled over the past month, signaling underlying weakness in the global economy despite the U.S. stock market bouncing back from recession fears. But commodity markets may be telling a different story about the global economy. The Invesco DB Base Metals Fund is down more than 7% over the past month, while crude oil futures dropped 14% from July 5 through Aug. 5. @HG.1 YTD mountain Copper futures, YTD Weakness in China, the world's second-largest economy, is weighing on copper and oil in particular, Melek said. OPEC on Monday lowered its global oil demand growth forecast this year by 135,000 barrels per day as expectations in China have softened.

Persons: Rob Ginsberg, Ginsberg, Bart Melek, DBB @HG, We've, Melek, I'm Organizations: U.S, Investors, Invesco DB Base Metals, Wolfe Research, TD Securities, DBB, Metals, Copper, CNBC, Global, Beijing, European Union, World Trade Organization, Federal Reserve, Securities Locations: U.S, China, Beijing, Jackson Hole , Wyoming

☆ Recession Fears Are Fueling Stock Market Crash, Wall Street Chaos
▼ + stars: | 2024-08-11 | by ( Linette Lopez | ) www.businessinsider.com time to read: +11 min

While there was some demand for protection against the prospect of volatility reemerging, overall sentiment across Wall Street had gotten more bullish. Until Wall Street can be sure that the consumer will hold on (or not), conviction is easily shaken. After years of weird times and outsize gains, Wall Street is dancing on a knife's edge. After years of weird times and outsize gains, Wall Street is dancing on a knife's edge. What happened on Monday was a sudden realization that the new structure may assert itself before Wall Street imagined it would.

Persons: —, Jerome Powell, we've, they'd, corporates, Dow, Mandy Xu, Cboe's, Wall, Torsten Slok, Slok, Shake, Kevin Gordon, Charles Schwab, they've Organizations: Dow Jones, Bank of Japan, Big Tech, Federal Reserve, Nasdaq, Wall, Apollo Global Management, Corporations, Companies Locations: Asia, Japan, Mexico

☆ After a busy week of stock trades, we're looking ahead to some key inflation data
▼ + stars: | 2024-08-11 | by ( Morgan Chittum | ) www.cnbc.com time to read: +5 min

Looking back, quarterly earnings also played a key role in big stock moves for the portfolio. Looking ahead, we'll see an update on some key inflation data, plus a closer look at the state of the housing and retail sectors. ET: Producer Price Index Earnings: Home Depot (HD), Pandora (PANDY), Nu Holdings (NU), Sea Limited (SE) Wednesday, August 14 8:30 a.m. ET: Consumer Price Index Earnings: Tencent Holdings (TCEHY), Cisco (CSCO), UBS (UBS), JD.com (JD) Thursday, August 15 8:30 a.m. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Eli Lilly, Walt, Jim Cramer, we've, JD.com, Jim Cramer's, Jim, Spencer Platt Organizations: Dow Jones, Dow, Nasdaq, Walt Disney, Microsoft, Ford Motor, Wynn Resorts, DuPont, Devices, Procter, Gamble, Club, Abbott Laboratories, Federal, Traders, Sun Life, Nu Holdings, Sea, Tencent Holdings, Cisco, UBS, Philadelphia Fed, Walmart, Materials, Deere & Co, Ross Stores, Lenovo, Housing, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: U.S, Dover, Wells Fargo, Nextracker, Eaton

☆ 'Deadpool & Wolverine' tops $1 billion at the global box office
▼ + stars: | 2024-08-11 | by ( Sarah Whitten | ) www.cnbc.com time to read: +4 min

Over the weekend, Disney and Marvel's "Deadpool & Wolverine" became only the second R-rated film to top $1 billion at the global box office. "Deadpool & Wolverine" is the first R-rated Marvel Cinematic Universe flick, as the previous two Deadpool films were produced and distributed by 20th Century Fox. It is also the second Disney film to top $1 billion at the global box office this year. Box office analysts expect "Deadpool & Wolverine" won't be the last for the company this year, either. The Toy Story franchise has generated $3.2 billion at the global box office, the two Frozen films surpassed $2.7 billion worldwide, the two Incredibles films tallied $1.8 billion globally, and "Zootopia" reached $1 billion worldwide during its run in 2016.

Persons: Ryan Reynolds, Paul Dergarabedian, Kang, It's, Disney, Shawn Robbins Organizations: Disney, Warner Bros, Century Fox, Marvel, Star, & $ Locations: Comscore

☆ American workers are stuck in place because everyone is too afraid of a recession to quit
▼ + stars: | 2024-08-10 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +5 min

The stagnation has resulted in a rise in "stuck" workers — frustrated employees who say they want to quit a job, but are staying put as the fear of a potential recession looms in the backs of their minds. Google search interest for the search phrase "quitting job" is down 11% over the last year, according to data accessed from the search analytics tool Glimpse. AdvertisementGoogle search interest in the term "recession" has exploded 230% over the past month, Glimpse data shows. Google search interest in "recession" has more than doubled in the past month. Job market forecasters say the slowdown in hiring looks poised to continue, even if the Fed begins to loosen monetary policy.

Persons: —, That's, Amanda, It's, I've, Raymond Lee, Careerminds, Korn, Radhika Papandreou, Papandreou Organizations: Service, Business, Bureau of Labor Statistics, Conference Board, Google, Fed, National Federation of Independent

How to watch USA vs. France in the USUSA vs. France will be available on Peacock and NBC in the US. Check price at FuboHow to watch USA vs. France in the UKThe USA vs. France game will live stream on Eurosport through Discovery+ in the UK. How to watch USA vs. France in AustraliaThe men's Olympic basketball final will live stream on 9Now in Australia. How to watch USA vs. France in FranceUSA vs. France will be available to watch for free through France.TV in France. How to watch USA vs. France from anywhereBasketball fans who will be away during the USA vs. France game can still access their free streaming options using a VPN.

Persons: you've, Nikola Jokić, we've, Peacock, ExpressVPN Organizations: Business, Tokyo Olympic, USA, United, Serbia, Denver Nuggets, Germany, Tokyo Olympics, France, NBC, Eurosport, Discovery, France USA, Basketball Locations: United States, France, Australia, France.TV

☆ The latest stock market crash wasn't a fluke, and it signals more trouble coming for the economy, investor Mark Mobius says
▼ + stars: | 2024-08-10 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

The recent sell-off in stocks could be a warning sign for what's coming for the economy, Mark Mobius said. If you look at the money supply growth in America, it is very low now," he said. We have more problems in the US and, that will affect the global situation unless the money supply is increased much more than it is now." Disruptions in the stock market are usually the signal "before the actual economic effects are seen," he added. A full-fledged bear market is unlikely, Bank of America said, as the market isn't flashing technical signals that would suggest a peak in stock prices.

Persons: Mark Mobius, Mobius, —, Monday's, Stocks Organizations: Economic, Service, Mobius Capital, Bank of Japan, Economic Times, Fed, Bank of America Locations: Japan, America

☆ Buy the dip in tech stocks including Nvidia amid market uncertainty, Bank of America says
▼ + stars: | 2024-08-10 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

There's still plenty of top technology stocks to buy even as the market unease continues, according to Bank of America. Apple Services saw record revenue, leading Mohan to conclude there's plenty of upside ahead for Apple shares as new products debut in September. Apple shares are down about 3% this month. Meanwhile, Netflix shares are down almost 8% over the last month. Palantir "PLTR's dominant position in the AI-powered software market, differentiated end-to-end, ontology-powered & highly secure solutions and first mover advantages should support revenue growth and improving profits in the midterm.

Persons: Palantir, Wamsi Mohan, Tim Cook, Mohan, Jessica Reif Ehrlich, Reif Ehrlich, BofA, Uber, Justin Post, Post, he's bullish, Nvidia, Blackwell Organizations: Bank of America, CNBC, Netflix, Nvidia, Apple, Apple Intelligence, Apple Services, Post, Uber, intel, TAM Locations: Bank

Hong Kong CNN —Presumptive Democratic presidential nominee Kamala Harris’ running mate has a decades-long connection with China. “I remember waking up and seeing the news on June 4 that the unthinkable had happened,” Walz told Voice of America in an interview in 2014. The newlyweds spent their honeymoon taking students on two-week tours in China for sightseeing and classes on culture, education and history. In Chinese nationalist circles, which have an outsized voice on policy debates in China, there are no rosy illusions about Walz. The hashtag “Harris’ VP pick once taught in China” racked up 15 million views on microblogging site Weibo.

Persons: Hong Kong CNN —, Kamala Harris ’, Tim Walz, Walz, ”, Dalai Lama, Joshua Wong, Shen Dingli, ” Shen, ’ Walz, “, Mao Zedong, Deng Xiaoping, ” Walz, Gwen, Cara Roemhildt, ” Roemhildt, Jeff Widener, ’ ”, Liu Dongshu, Liu Xiaobo, Lobsang Sangay, ” Tim Walz, X, Hong Kong’s, Wong, ” Jeffrey Ngo, “ Walz, ” Ngo, ” Shen Yi, “ We’re, ” Stephen Roach, Morgan Stanley Asia, Harris, Eric Fish, Hong Kong's, Joshua Wang, George H, Bush, Bush’s, there’s, Liu, “ Harris, China ”, –, Xi Jinping, “ Heh, I’ve, they’re Organizations: Hong Kong CNN, Democratic, United States ’, Republican, Communist Party, Star, Herald, CNN, Harvard University, Paramount, America, “, of, People, Associated, Congressional, Commission, City University of Hong, Hong, Hong Kong Human Rights, Democracy, White Locations: Hong Kong, China, Beijing, Minnesota, Tiananmen, Nebraska, Shanghai, Foshan, Guangdong, America, Congress, City University of Hong Kong, Tibet, Dalai, Washington, “, South China, Weibo

☆ These dividend payers will beat the yields on cash as the Fed cuts rates, Bank of America says
▼ + stars: | 2024-08-09 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +3 min

However, investors can continue generating portfolio income if they snap up the right dividend stocks. Dividend yields that are too high may also raise the question of whether the company can sustain these payments to investors. Data storage player Seagate Technology made the cut, with a three-year annualized dividend yield of 7.9%, according to Bank of America's analysis. Bank of America rates KeyCorp as a buy, and it sees the company and its peers benefiting as the Fed dials back its policy. Devon, which the bank rates as a buy, this week surpassed the Street's estimates on core earnings per share in the second quarter, per FactSet.

Persons: Savita Subramanian, Wamsi Mohan, Mohan, Ebrahim Poonawala, Kraft, Merck Organizations: Federal Reserve, FedWatch, Bank of America, Seagate Technology, Bank of, KeyCorp, Devon Energy, Kraft Heinz, Simon Property Group Locations: Devon, Bank

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