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☆ Kim Kardashian says she is now on the lookout for Kate Middleton
▼ + stars: | 2024-03-18 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +1 min

Kim Kardashian is the latest celebrity to comment on Kate Middleton. Kardashian joked about "finding Kate" amid Middleton stepping back from her duties. Middleton is expected to return to public duties after April 17, The Times of London reported. AdvertisementIf the internet can't find Kate Middleton, maybe one of America's biggest celebrities can. And the rumors haven't been confined to the dark corners of the web — mainstream figures like Stephen Colbert, John Oliver, and now Kim Kardashian have waded into the Katespiracy.

Persons: Kim Kardashian, Kate Middleton, Kardashian, Kate, Middleton, —, Stephen Colbert, John Oliver Organizations: Service, Business Locations: London, Kensington

☆ Things are about to get weird for homebuyers and sellers
▼ + stars: | 2024-03-17 | by ( Matt Turner | Jordan Parker Erb | ) www.businessinsider.com time to read: +5 min

Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. This story is available exclusively to Business Insider subscribers. Ban or no ban, TikTok is under pressure. Now, we're about to enter a new age of experimentation as buyers and sellers start thinking hard about how they'll pay their agents, and how much. More of this week's top readsThe Insider Today team: Matt Turner, deputy editor-in-chief, in New York.

Persons: —, TikTok, Bytedance, Biden, Donald Trump, Steven Mnuchin, Anson Chan, sarayut Thaneerat, Tyler Le, Ken Griffin, Ambition, Theresa Sue Mubenga, who's, Matt Turner, Jordan Parker Erb, Dan DeFrancesco, Lisa Ryan Organizations: Service, Business, Senate, Apple, Medical Properties Trust, Citadel, Miami, Citadel Securities, Wall, Workers, National Association of Realtors, Oxford Locations: China, Chicago, Miami, New York

☆ 'We are still in a market bubble': A famed economist who called the 2008 recession warns the S&P 500 is as vulnerable as it was before its 25% fall in 2022 — and shares 3 signs of hidden weakness
▼ + stars: | 2024-03-16 | by ( William Edwards | ) www.businessinsider.com time to read: +6 min

Just because the current valuation backdrop isn't as extreme as 1999-2000, we are still in a market bubble, and valuations are even more stretched today than they were at the market peaks in 2007, 1990, and 1980." Rosenberg ResearchSecond, the S&P 500 is outperforming the HYG/TLT Ratio. AdvertisementRosenberg ResearchAnd third, even tech stocks, which have been overwhelmingly supporting the S&P 500, appear to be running out of gas, Rosenberg said. The same goes for Paul Dietrich, the chief strategist at B. Riley Wealth, who says the S&P 500 could fall 49% when the current bubble pops. The bull market has thrown egg onto their faces again and again: since the October 2022 lows, the S&P 500 is up a whopping 42%.

Persons: —, David Rosenberg isn't, Merrill Lynch, Rosenberg, he's, manias, HYG, Michael Hartnett, Jeremy Grantham, Paul Dietrich, Riley Wealth, Dietrich, Grantham, Carol Schleif Organizations: Service, Rosenberg Research, Business, Equity Model, Dow Jones, Dow Transports Index, Bank of America's, Bank, America, BMO Family Office

☆ Your complete investing guide to 'AI Woodstock' next week: 3 buys ahead of the event
▼ + stars: | 2024-03-15 | by ( Samantha Subin | ) www.cnbc.com time to read: +6 min

The hottest artificial intelligence event of the year kicks off next week, setting the stage for key AI players to see sharp moves. Nvidia's GTC Conference, dubbed "AI Woodstock" by Bank of America, offers an opportunity for the company to showcase its latest AI chip innovations and future vision as it labors to maintain its dominance in the field. The product is expected to offer a slew of "architectural innovations" and better performance than Nvidia's flagship H100 chip, wrote New Street's Pierre Ferragu. According to Wedbush's Matt Bryson, the new chip could benefit the liquid cooling industry that may fuel power-hungry data centers. "As such, we believe any system NVDA announces that includes liquid cooling technology could effectively dictate the path of liquid cooling moving forwards and thereby determining winners and losers in the server and cooling space," Bryson said.

Persons: Cantor Fitzgerald's C.J, Bank of America's Arya, Muse, Arya, Pierre Ferragu, Blackwell, Matt Bryson, Nvidia hasn't, Bryson, He's, Ferragu, Hans Mosesmann, Bernstein's Stacy Rasgon, Melius Research's Ben Reitzes Organizations: Bank of America, NVIDIA, Nvidia, Bank of America's, Blackwell, Devices, AMD, Intel, Micron, Broadcom, PHLX Semiconductor, Oracle Locations: San Jose , California

☆ European stocks are up 7 weeks in a row. Here’s how long winning streaks typically last
▼ + stars: | 2024-03-14 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

The STOXX Europe 600 hit 500 points for the first time last week, and the benchmark index has since notched yet another all-time high. When stocks fell immediately after seven weeks of gains, they lost 1.17% on average. The Stoxx Europe 600 recorded its longest winning streak between June and August 1993, when the market rose for 12 straight weeks. The weighted average of analyst price targets for the companies in the Stoxx Europe 600 points toward a 9.1% upside potential for the index, according to FactSet data. The bank has an end-of-year price target of 510 points for the Stoxx Europe 600.

Persons: Sebastian Raedler, Emmanuel Cau Organizations: CNBC, of America's, Barclays Locations: Europe

☆ At 23, she landed a job at a 3-star Michelin restaurant. Less than 2 years later, she left to run a food stall in Singapore.
▼ + stars: | 2024-03-14 | by ( Marielle Descalsota | ) www.businessinsider.com time to read: +9 min

Shanice Lim left a Michelin-starred restaurant to run a hawker stall in Singapore. She decided to follow in her grandmother's footsteps and run her own hawker stall. nasi lemak stall in singapore Marielle Descalsota/Business InsiderLim said her efforts have paid off and that she now has a base of customers who don't hesitate to pay SG$5 for her nasi lemak. I wanted to put my brand out there so everyone could have good nasi lemak," Lim said. There isn't much money to be made running a hawker stall.

Persons: Shanice Lim, Lim's, —, Shanice, Lim, Lim's nasi lemak, Marielle, nasi lemak —, Khir Johari, hawker, KF, it's, It's, nasi lemak, Seetoh, nasi, she's, Elizabeth Chan, lemak, Chan, har, wasn't Organizations: Michelin, Service, Culinary Institute of America's, hawker, Business, SG, National Environmental Agency, NEA, Singapore Food Agency, singapore Marielle Locations: Singapore, Culinary Institute of America's Singapore, Singapore —, European, Zen, Malay, lemak, Bedok, hawker, Urban, New York City, nasi lemak, singapore

☆ Bank of America says Japan Inc needs to make investments to improve productivity
▼ + stars: | 2024-03-14 | 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 EmailBank of America says Japan Inc needs to make investments to improve productivityThe ability of Japan's small and medium enterprises to adapt to an environment of higher wages and inflation is crucial because they provide 70% of jobs, says Izumi Devalier, Bank of America's head of Japan economics.

Persons: Izumi Devalier Organizations: Email Bank of America, Japan Inc, Bank of Locations: Japan

☆ A look at the true nature of the Chinese cyber threat inside the nation's biggest ports
▼ + stars: | 2024-03-13 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +13 min

But the Biden administration, lawmakers and ports management continue to differ in their views of the true nature of the threat. Kurt Fredrickson, a Coast Guard spokesman, told CNBC via email that even if the software is not Chinese, all software has vulnerabilities, regardless of origin. "Software is everywhere," Gene Seroka, executive director of the LA port, told CNBC in a recent interview at the TPM conference. They warn the crane software concerns are part of a much larger societal risk. He added that regardless of the origin of the crane software and the origin of a crane's manufacturing, there are ways to mitigate cyber risk.

Persons: Biden, Jay Vann, Robert Murray, it's, Kurt Fredrickson, Murray, Carlos Gimenez, Melanie Stambaugh, Greg Ehrie, Doug Vogt, Vogt, Mario Cordero, Noel Hacegaba, Cordero, Gene Seroka, Lucian Niemeyer, Trump, Niemeyer Organizations: CNBC, ABB, Germany's Siemens, Counterterrorism, Law, Intelligence, Homeland Security, U.S . Coast Guard Cyber Command, Biden Administration, People's, Capitol, National Association of Waterfront Employers, Coast Guard, Transportation, Maritime Security, of South Carolina, Northwest Seaport Alliance, USCG, American Association of Port Authorities, New Jersey Port Authority, Siemens, New, Port, Biden, North Carolina Ports, ZPMC, NC, United States Coast Guard, Samsung, U.S . Department of Homeland Security, DHS, U.S . Coast Guard, Security, Defense for Energy, National Security, Management, Maritime Transportation, Joint Force, MTS, Readiness Locations: China, Swiss, People's Republic of China, U.S, of South, China . Port of Long Beach, Tacoma, Seattle, York, New Jersey, New York, Port of New Orleans, of Long Beach, Port of Long, Port of Los Angeles, Port, Oakland, Georgia, Finland, Japan, Taiwan, Europe, Shanghai

☆ Real-Estate Agents Use 'Steering' to Hide Cheap Houses From Homebuyers
▼ + stars: | 2024-03-13 | by ( James Rodriguez | ) www.businessinsider.com time to read: +14 min

Technically, the seller can promise as little as $0 to the buyer's agent; after all, why pay for someone you didn't hire? But multiple agents told me there are all kinds of ways shady practitioners try to skirt the rules. Critics say the stickiness of the going commission rate is evidence of steering's ubiquity. He said buyers' agents might call and say, "'Why is there no buyer's commission?" There are lots of willing brokers out there; if you suspect steering, agents told me, you've got plenty of options for a second opinion.

Persons: should've, Redfin, Julie —, Julie, Wendy Gilch, Gilch, they're, Doug Miller, Real, Rex, Keller Williams, I'm, Brendon Bowers, we're, Stephen Brobeck, Brobeck, they'll, you've, Rich, they've Organizations: Department of Justice, National Association of Realtors, Business, Facebook, Realtors, NAR, Consumer Federation of America, DOJ Locations: America, Minnesota, Austin, Houston, Kansas City , Missouri, Phoenix

☆ Former U.S. official's work for Chinese client stirs concern over disclosure loopholes
▼ + stars: | 2024-03-12 | by ( ) www.cnbc.com time to read: +4 min

Advocating for foreign clients is legal and U.S. law includes a public disclosure exemption for lawyers. The Paul, Weiss law firm declined to comment on the letter, and Lynch did not respond to Reuters emails. The U.S. Treasury and Commerce departments say DJI supported biometric surveillance and tracking of Muslim Uyghur minorities in China. "It is appalling that former senior U.S. officials use their connections to serve the interests of U.S. adversaries," Risch said. Others argue that stricter FARA rules on disclosure could give authoritarian countries like Russia and China cover for their own stifling of free speech.

Persons: Loretta Lynch, Obama, Lynch, Paul, Weiss, DJI, FARA, Jim Risch, Risch, Jonathan Turley, Turley Organizations: U.S, senior Defense Department, SZ DJI Technology Co, U.S . Department of Justice, Reuters, Department of Defense, China's Communist Party, U.S . Treasury, Commerce, The Defense Department, Pentagon, Justice, Republican, Senate Foreign Relations, American Civil Liberties Union, Justice Department, George Washington University Locations: FARA, U.S, China, WuXi, Russia

☆ JPMorgan is staying steadfastly bearish, saying market ignoring substantial risks
▼ + stars: | 2024-03-12 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

JPMorgan is sticking to its bearish thesis amid a more optimistic outlook on Wall Street, saying investors are ignoring key market risks. The Wall Street firm is an outlier among the major banks when it comes to year-end forecasts. As of Monday's close, JPMorgan expects the S & P 500 will tumble more than 17% to its 2024 target of 4,200, according to CNBC's market strategist survey . The S & P 500 has repeatedly notched all-time highs on the back of the artificial intelligence trade. The AI beneficiary, which has been a major driver for the S & P 500's gains this year, could drag the benchmark should it start to sell off.

Persons: Marko Kolanovic, Goldman Sachs, David Kostin, America's Savita Subramanian, Kolanovic, NVDA Organizations: JPMorgan, Bank, America's, Nvidia Locations: Gaza, Ukraine

☆ Why these stock buyback ETFs might be a better bet than dividend funds
▼ + stars: | 2024-03-12 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

Investors weighing a shift into dividend stocks may be better off focusing on companies with big share buyback programs instead, according to Bank of America. The idea behind focusing on stock buybacks is that companies that can use excess cash to reduce their share count through buybacks are likely on strong financial footing. This is more of a pure-play buyback fund, tracking the Nasdaq US Buyback Achievers Index. To be sure, stock buybacks are a frequent target of politicians and their tax treatment could change in the years ahead. President Joe Biden called for raising the corporate tax rate for stock buybacks at his State of the Union address last week.

Persons: Jared Woodard, Woodard, PKW, Joe Biden Organizations: Bank of America, Bank of America's, Bank of, Nasdaq, Union Locations: buybacks

☆ How Wealthy Investors Got Rich Looting America's Needy Hospitals
▼ + stars: | 2024-03-11 | by ( Bethany Mclean | ) www.businessinsider.com time to read: +21 min

That added to the massive debt burdens already placed on the hospitals by their for-profit owners, deepening their financial woes. In January, MPT reported that its biggest tenant, a nationwide chain of 32 hospitals called Steward, could no longer pay its rent. The core idea was simple: to buy hospital real estate, pocket the lease payments, and use the money to reward investors. The more hospital real estate that MPT buys, the more money it makes in rent payments from the hospitals. But that doesn't mean that MPT's leaders didn't get rich off its hospital deals.

Persons: Leonard Green, Sherman Cahal, Rob Simone, Hedgeye, MPT, Steward —, Justin Simon, Jasper Capital, they've, Ed Aldag, Eddie Lampert's, Eileen Appelbaum, Rosemary Batt, MTP, Marc Rowan, Richard Mortell, Leonard Green couldn't, they'd, Stephen Feinberg, Ralph de la Torre, Steward, Simone, Cerberus, Chandan Khanna, That's, de la, de la Torre, la Torre, Amaral, Aldag, Apollo, Eileen O'Grady, Moody's, didn't, Sen, Chuck Grassley Organizations: Northside Regional Medical Center, Ohio Valley Medical, East Ohio Regional Hospital, Luke's Medical, Glenwood Regional Medical Center, Medical Properties Trust, Jasper, Sears, Bain Capital, Affordable, Cornell University, Business, Third Coast Real Estate Capital, Cerberus, Health Care, Boston Globe, Bloomberg, Getty, Easton Hospital, Local, de la Torre, la, MediaNews, Boston Herald, Prospect, Private, Yale New Haven Health, Yale, Apollo, MPT, SEC, Republican, Senate Finance Locations: Youngstown , Ohio, Ohio, Wheeling , West Virginia, Martins Ferry , Ohio, St, Luke's, Phoenix, Massachusetts, West Virginia, California , Pennsylvania, Texas, Pennsylvania, Louisiana, America, Alabama, MPT, Greater Boston, Steward, Easton, Lehigh, Elizabeth's, Boston, Connecticut, it's

☆ China is teaching the likes of Apple and Tesla a very painful business lesson
▼ + stars: | 2024-03-11 | by ( Hasan Chowdhury | Lina Batarags | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In turn, sentiment toward Western business has soured. It's no wonder US companies that once banked on this being the "Chinese century" are having to learn a very painful lesson about doing business in China. According to The Wall Street Journal, a directive known as Document 79 is being ramped up to push out Western companies. AdvertisementHow Western companies respond will be closely watched, as China remains too valuable to lose a hold of.

Persons: —, Apple's, Tesla, Gene Munster, Wang Gang, Muster, BYD, It's, John Keeble, Li Qiang, Suzanne Clark Organizations: Service, Business, Research, Apple, Getty, Shanghai gigafactory, Bloomberg, China's Passenger Car Association, Deepwater Asset Management, Huawei, Volkswagen, Reuters, National People's Congress, Wall Street, US Chamber of Commerce Locations: China, Beijing, Shanghai

☆ Meet the typical retiree: A married woman in her 70s living on $30,000 a year in Maine or Florida
▼ + stars: | 2024-03-10 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

They're likely married, stopped their education after high school, and are making up a bigger share of the population in states like Maine and Florida. Even when they've been married once, women are still more likely than men to hold no retirement savings. Per Gallup, the average retirement age in the US has been rising. Similarly, Americans' "target" retirement age increased from 60 in 1995 to 66 in 2022. The "full" retirement age to receive maximum Social Security benefits is 67 for those born after 1960.

Persons: —, They're, they've, Gen, That's Organizations: Service, Pew Research, Business, Social Security, Gallup, Security Locations: Maine, Florida, New England, New Hampshire, Hawaii, . Maine

☆ Inside a Michigan Town's War Over a Chinese-Owned Battery Plant
▼ + stars: | 2024-03-10 | by ( Brent Crane | ) www.businessinsider.com time to read: +24 min

This was nothing short of a communist invasion, in his eyes, and the patriots of Green Charter needed to rise up and confront the Red Peril. But the backlash in Green Charter represents something seldom seen since the Red Scare: a quasi-militant, homegrown resistance to the perceived threat of communism at home. But as the war over Gotion began to consume Green Charter, Riebow began to feel that the township board was behaving "too secretly." It's easy to dismiss what's happened in Green Charter as yet another sign of America's descent into dangerous incivility. Asked about Gotion's plans in Green Charter, Panetta replied, "I don't think there's any question that they are going to take advantage of that situation."

Persons: Jeff Peticolas, Sam Peticolas, He'd, Peticolas, Gos, Green, Matt Harrison Clough, Jim Chapman, I've, Chapman, freaked, Rush Doshi, Joe Biden's, Doshi, Donald Trump, Sen, Katie Britt, Lori Brock, Kristina Karamo, Lana Theis, John Moolenaar, it's, Gotion, John Holdsworth, I'm, Tracy Ruell, Ruell, Carlleen Rose, she'd, Suzi, Tim Hahn, Hahn, texted Hahn, Jeff, Corri Riebow, She'd, Riebow, Breitbart, Gretchen Whitmer, —, we've, Holdsworth, Jason Kruse, Kruse, that's, Kruse demurred, Hahn's, we're, We're, what's, William Evanina, Leon Panetta, Barack Obama's, Panetta, Brent Crane Organizations: Imperial, Pacific, Nikon, Ferris State University, Tech, Green Charter, BI Green Charter, Michigan, United States, Chinese Communist Party, Michigan Republican Party, Michigan GOP, WE, Republican, Republicans, Gotion, Treasury Department, BI, CCP politburo, Party, Communist Party of China, SAIC, Nexteer Automotive, Facebook, Big Rapids, Local, Moolenaar, Fox News, Daily Mail, Gov, Green Charter's, Ferris State, Big, FBI Locations: Pearl, He'd, Imperial Japan, Vietnam, Mecosta County , Michigan, American, Green Charter, Green, China, Green Charter's, Montana, Beijing, Arkansas, Reedley , California, Manteno , Illinois, Washington, America, United, United States, Biden's State, Alabama, Mecosta County, Michigan, Sweden, Big Rapids, enervated, Gotion, Northern Michigan, USA, Filipino, Charter, San Diego

☆ Bank of America's top global strategist shares 4 signs that a bubble continues to grow in US stocks — and 4 indicators to know when to get out of the market
▼ + stars: | 2024-03-09 | by ( William Edwards | ) www.businessinsider.com time to read: +6 min

Bank of AmericaIn the note, Hartnett laid out more evidence that a bubble could be developing in stocks. The current real 10-year rate is 1.6%, according to Fed data. Hartnett said a falling number of job quitters shows a weakening labor market, hence the Fed's apparent willingness to cut rates soon. February's inflation data will be released next week, but January's data showed that prices are still rising at a pesky pace of 3.1%, above the Fed's stated goal of 2%. Whether a Fed pivot is a good thing for investors depends on just how cool labor market data becomes.

Persons: —, Michael Hartnett, Hartnett, quitters, Alejandra Grindal, Ned Davis, it's, Grindal Organizations: Service, Bank of America, Business, PHLX Semiconductor, Nasdaq, Semiconductor, Apple, Microsoft, Nvidia, Tesla, Meta, Bank of America's, Bureau of Labor Statistics, Ned, Ned Davis Research

☆ The 10 best tourist attractions in the US, according to someone who's been to all 50 states
▼ + stars: | 2024-03-09 | by ( Katherine Parker-Magyar | ) www.businessinsider.com time to read: +1 min

I've visited all 50 states and have seen some incredible natural wonders and powerful monuments. Hawaii's Na Pali Coast and Alaska's Inside Passage showcase America's stunning natural diversity. AdvertisementI've visited all 50 states in my career as a travel writer, and truly believe each has something unique to offer visitors. There are certain attractions that stand out, however, as particularly breathtaking, or symbolic of America's history and natural diversity. From the dunes of Michigan to the swamps of Florida, here are the 10 best tourist attractions in the US.

Persons: I've, — Organizations: Liberty, Service Locations: Pali, Michigan, Florida

☆ Trump Reelection a Threat to Economy, Could Stoke Inflation, Debt: Roubini
▼ + stars: | 2024-03-06 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

A Trump reelection in November poses the biggest looming risk to the world economy, Nouriel Roubini warned. A second Trump presidency could end up making inflation and the national debt problem even worse, Roubini said. AdvertisementTrump being reelected might be the biggest looming threat to the global economy, according to "Dr. Doom" economist Nouriel Roubini. Advertisement"With private and public debts high and rising, that would introduce the specter of a financial crisis," Roubini warned. In 2022, he warned markets of a coming stagflationary-debt crisis, which could spark a painful recession and 30% plunge in stocks.

Persons: Nouriel Roubini, Trump, Roubini, —, Doom, Trump's, Powell Organizations: Trump, Service, Project Syndicate, Commerce, Bank of America, Bloomberg Locations: Ukraine, Gaza, China

☆ How Wall Street's biggest banks are actually looking at using AI, according to patent filings
▼ + stars: | 2024-03-04 | by ( Bianca Chan | ) www.businessinsider.com time to read: +4 min

Big banks have accelerated the pace of patents filed for AI and AI-related innovations, according to new data from consultancy Evident. There were 854 new patent filings in the year ending June 2022, up 21% from the same period the year prior, according to Evident. There are also knock-on effects, like how a strong patent culture can help banks stand out in the war for talent. This patent data, pulled from Google's patent database, accounts for the 12-month period ending in June 2022. JPMorgan Chase, which leads Evident's AI research index, follows with 120 AI and AI-related patent filings.

Persons: Banks, Alexandra Mousavizadeh, Mousavizadeh, America's Erica, One's Eno, Sumeet Chabria Organizations: Business, Capital, Bank of America, JPMorgan Chase, chatbots, Bank, America's

☆ Big-name investors are betting AI gadgets could change the way we interact with tech
▼ + stars: | 2024-03-01 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. What's on deck:This story is available exclusively to Business Insider subscribers. The big storyAI (literally) in your pocketTech workers are criticizing Humane's hotly anticipated Ai pin. AdvertisementIn fact, heavy hitters like legendary investor Vinod Khosla believe that AI devices will completely change how we interact with technology. Humane's Ai Pin, which can project text onto users' hands and translate voice messages, didn't get a warm welcome when it launched late last year .

Persons: —, Oompa, I've, Willy Wonka, Elon Musk, Sam Altman, Humane's, Vinod Khosla, Samantha Stokes, Vishal Persaud, Khosla, Ai, didn't, Tim Cook, Salesforce's Marc Benioff, OpenAI's Sam Altman, Franck Robichon, Paul Krugman, shouldn't, we're, Wells, Bank of America's Merrill, Bitcoin, Tyler Le, maven, Alexei Navalny's, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Service, Business, Humane, Khosla Ventures, Rabbit, Bank of America's, Wall, The New York Times, WW, SEC Locations: Franck, Wells Fargo, New York, London

☆ Why Zuck, Ivanka Trump and the world's rich and famous are flocking to a lavish party in India
▼ + stars: | 2024-03-01 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

Mark Zuckerberg, Bill Gates and other CEOs and celebs are at a wedding pre-party in India this weekend. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The centibillionaire's grip on domestic commerce makes him a powerful partner for Western companies trying to break into the Indian market. Vital growth frontierUS executives are eager to cozy up to Ambani and Reliance because they see dollar signs when they look at India.

Persons: Mark Zuckerberg, Bill Gates, Mukesh, —, Sundar Pichai, Ivanka Trump, Mukesh Ambani's, Ambani, Larry Page, Sergey Brin, Anant, Radhika Merchant, Mukesh Ambani, Nita, Prodip Guha, Tim Cook, Cook, Apple's, Ted Sarandos, Meta Organizations: Apple, Microsoft, Netflix, Service, Reliance Industries, Bloomberg, Qualcomm, Intel, Hindustan Times, Amazon, Indian Locations: India, China, New Delhi

☆ S&P 500 has upside potential to 5600 level, says Bank of America's Stephen Suttmeier
▼ + stars: | 2024-02-29 | 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 EmailS&P 500 has upside potential to 5600 level, says Bank of America's Stephen SuttmeierStephen Suttmeier, Bank of America chief equity technical strategist, joins CNBC's "Money Movers" to discuss his outlook for the S&P 500.

Persons: America's Stephen Suttmeier Stephen Suttmeier Organizations: America's, Bank of America

However, the company also said it sees single-digit revenue growth for fiscal 2025. UBS reiterated a neutral rating alongside its $310 per share price target on Salesforce, or more than 3% upside ahead. Product revenue growth of 33% year over year in the fourth-quarter was also below Wall Street estimates. Murphy noted there's a disconnect between what Barrick has accomplished in the past five years and its stock price. "We see asset disposals and cost improvements as likely to reverse share price weakness as the market recognizes the strength of the asset portfolio."

Persons: Morgan Stanley, Snowflake, Jefferies, TD Cowen downgrades Macy's TD Cowen, Oliver Chen, Macy's, — Brian Evans, Brad Sills, Brian Evans, AutoNation Morgan Stanley, AutoNation, Morgan Stanley's, Mike Manley, Adam Jonas, Salesforce, Amy Weaver, Goldman Sachs, Kash Rangan, Bank of America's Brad Sills, Morgan Stanley downgrades Snowflake, Snowflake's, Frank Slootman, Keith Weiss, Matthew Murphy, Murphy, Fred Imbert Organizations: CNBC, Barrick, Mining, Bank of America, of America, TAM, Bank of America's, UBS, StreetAccount, Jefferies, Barrick Gold, Newmont, Newcrest Locations: Africa, East

☆ Merrill and Wells Fargo are taking Bitcoin ETFs even more mainstream
▼ + stars: | 2024-02-29 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +3 min

Wells Fargo and Bank of America's Merill will be offering bitcoin ETFs to clients, per Bloomberg. Morgan Stanley is another large firm looking into offering spot bitcoin ETFs, Coindesk reported. "Spot bitcoin ETFs are available for unsolicited purchases through an advisor with Wells Fargo Advisors or through our online WellsTrade platform," Sarah Kerr, a Wells Fargo spokesperson, confirmed to Business Insider. With bitcoin ETFs, retail investors can get exposure to the cryptocurrency's price movements without having to directly buy bitcoin through a less regulated exchange. In the weeks since US regulators approved 11 spot bitcoin ETFs in January, the investment vehicles saw record-high trading volumes.

Persons: Wells, Morgan Stanley, —, Bank of America's Merrill, Wells Fargo, Sarah Kerr, Merrill, Coindesk, Bloomberg's James Seyffart, Janel Jackson Organizations: Bank, America's, Bloomberg, Service, Bank of America's, SEC, Advisors, Business, Vanguard Locations: Wells Fargo, Wells

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