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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe market is not the best predictor of interest rate cuts, says Neuberger's Holly Newman KroftHolly Newman Kroft, Neuberger Berman managing director, joins 'Money Movers' to discuss the equity market's ability to power higher, whether it's time to rethink portfolios, and the expectations for the Russell 2000.
Persons: Neuberger's Holly Newman, Holly Newman Kroft, Neuberger Berman, Russell
You'll receive a notice from your bank when your CD maturity date is approaching. We'll explain the CD maturity process and what to do when a term ends so you know your options. What happens at CD maturityWhen a CD reaches maturity, that means your term is about to end. What the CD grace period meansFinancial institutions will specify in the bank account agreement a grace period to make changes to your account. The most common CD maturity dates range from six months to five years after you open an account.
Persons: You'll, Banks, you've, Marcus, you'll, Alvin Carlos, Carlos Organizations: Alliant, of America, Bethpage Federal, Chase, Citi, Federal Credit, PNC, Federal, Savings, Synchrony, Truist, CFA, District Capital Management, Governors, Federal Reserve, Bank Locations: Bethpage, Wells Fargo
Read previewThe Olympic Games in Paris hasn't even begun, but talent agents are already looking to the Los Angeles Games in 2028. Savvy agents are leveraging the Paris Games — a huge moment in their own right — to snag fresh, breakout talent and negotiate long-term commercial deals with the expectation that the Los Angeles Games will draw even more demand from brands that want to work with athletes. More talent agencies have also expanded into working with Olympic athletes. Crane said the Los Angeles Games are a big focus for the firm. "Everything is a little more amplified in Los Angeles, and there's going to be a lot of media and press.
Persons: , Paris hasn't, WME, Quincy Wilson, Mark Ervin, Quincy, Peter Carlisle, Anna Hall, who's, Octagon, Carlisle, Hezly Rivera, Harry Poole, Aly Raisman, Poole, Ervin, there's, James Crane, Buchwald, Crane, it's Organizations: Service, Los Angeles Games, Paris Games, Business, Olympic, Summer Games, ", LA, Summer, Paris, Excel Sports Management, Brands, US, Olympics Locations: Paris, LA28, Los Angeles, London, Tokyo
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIndia's domestic travel is 'way above' pre-Covid levels: Indian Hotels CompanyPuneet Chhatwal, CEO and managing director of Indian Hotels Company, discusses the company's business outlook.
Persons: Chhatwal Organizations: Indian Hotels, Indian Hotels Company
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
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJefferies: The 'long-term story' looks much better for Indian public sector banks than private onesMahesh Nandurkar, managing director and head of India research at Jefferies, says private banks in India are better from a near-term perspective.
Persons: Email Jefferies, Mahesh Nandurkar Organizations: Jefferies Locations: India
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCybersecurity analyst explains what's behind the CrowdStrike global outageWouter Veugelen, senior managing director and head of Australia cybersecurity at FTI Consulting, discusses the global outage that CrowdStrike caused.
Persons: what's, Wouter Veugelen Organizations: FTI Consulting Locations: Australia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHearing there's not yet 'the big inflection' on AI needle-moving initiatives: Rosenblatt's CrockettBarton Crockett, senior analyst & managing director at Rosenblatt Securities, joins 'Squawk on the Street' to discuss the idea that big tech is rallying due to higher odds of a Democrat winning the general election, the expectations for AI in upcoming earnings reports, and more.
Persons: Rosenblatt's Crockett Barton Crockett Organizations: Rosenblatt Securities, Democrat
Analyst discusses the outlook for chip manufacturing
  + stars: | 2024-07-22 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAnalyst discusses the outlook for chip manufacturingCharles Shi, managing director and senior analyst at Needham & Co., discusses TSMC's earnings and the outlook for chip manufacturing.
Persons: Charles Shi Organizations: Needham & Co
Venezuelan opposition presidential candidate Edmundo Gonzalez and opposition leader Maria Corina Machado wave to supporters at the Central University of Venezuela UCV in Caracas on July 14, 2024. Analysts see those as the seeds of a pretext that Maduro could use to postpone or cancel the election at the last minute. Some have speculated that Maduro could use the crisis as an excuse to suspend the election. Supporters at a meeting with Venezuelan opposition presidential candidate Edmundo Gonzalez and opposition leader Maria Corina Machado at the Central University of Venezuela UCV in Caracas on July 14, 2024. Maduro currently faces drug trafficking and corruption charges in the US and is under investigation for crimes against humanity by the International Criminal Court.
Persons: Nicolás Maduro, Maduro, Edmundo Gonzalez Urrutia –, Hugo Chavez’s, Nicolas Maduro, Flores, Teresa Carreño, Jesus Vargas, , Edmundo Gonzalez, Maria Corina Machado, Pedro Rances Mattey, Gonzalez, Corina Yoris, Oswaldo Ramírez, ORC Consultores, , Juan Barreto, Chávez, Ryan Berg, They’re, Machado, Yoris, , Jimmy Carter –, Berg, ” Machado Organizations: CNN, of American, Teresa, Teresa Carreño Theater, International Monetary Fund, Central University of Venezuela UCV, Getty, Democratic, Venezuelan, Americas, Center for Strategic, International Studies, US, The Carter, European Union, CSIS, International Criminal, Socialist United Party Locations: Canada, United States, Caracas, Venezuela, Anadolu, , Agua, Maiz, AFP, Guyana
download the appSign 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. The tool has a corrupted file that is "knocking out computers, putting them into what's known as the 'blue screen of death.'" For CrowdStrike Falcon to pull it down now, changing that, making sure it's updated, that does take time," he said. Microsoft and CrowdStrike didn't immediately respond to requests for comment from Business Insider.
Persons: , CrowdStrike, James, Ian Thornton, CrowdStrike didn't Organizations: Service, Microsoft, Business, Trump
Three Stock Lunch: D.R. Horton, JPMorgan and Gold
  + stars: | 2024-07-18 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThree Stock Lunch: D.R. Horton, JPMorgan and GoldBoris Schlossberg, BK Asset Management managing director, joins 'Power Lunch' to discuss stock plays for three stocks: D.R. Horton, JPMorgan and Gold
Persons: Boris Schlossberg Organizations: JPMorgan, BK Asset Management, Gold Locations: Horton
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarket internals are 'very healthy', says Evercore ISI's Julian EmanuelJulian Emanuel, Evercore ISI senior managing director, joins 'Closing Bell Overtime' to talk positioning portfolios in the event of a democrat or republican win in November.
Persons: Evercore ISI's Julian Emanuel Julian Emanuel
How far can gold prices go? We ask a market veteran
  + stars: | 2024-07-18 | 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 EmailHow far can gold prices go? We ask a market veteranJuerg Kiener, managing director and chief investment officer of Swiss Asia Capital, discusses whether the gold rally can be sustained.
Persons: Juerg Kiener Organizations: Swiss Asia Capital
Lighthouse Canton weighs in on the small-cap rally
  + stars: | 2024-07-18 | 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 EmailLighthouse Canton weighs in on the small-cap rallyAntoine Bracq, managing director and global head of investment advisory at Lighthouse Canton, discusses the recent surge in small-cap stocks and the outlook for the U.S. economy.
Persons: Antoine Bracq Organizations: Lighthouse Locations: Lighthouse Canton, U.S
Trump's stance could have major implications for Taiwan's dominance in semiconductor chip manufacturing should any potential conflict arise between Taiwan and China. And such a scenario would likely have a cataclysmic effect on the US economy should the global chip supply chain be disrupted. And Taiwan's microchip production is anchored by the Taiwan Semiconductor Manufacturing Company, or TSMC, a global powerhouse. A recent report released by the Semiconductor Industry Association revealed that America's share of global chip manufacturing is set to increase to 14% by 2032. After Trump's latest remarks about Taiwan and the potential for tighter trade curbs on China, global chip stocks fell, with notable declines for Nvidia, TSMC, and Qualcomm, among others.
Persons: , Donald Trump, Trump, Joe Biden, Biden, CJ Muse, Cantor Fitzgerald, Trump's Organizations: Service, Bloomberg Businessweek waded, Business, Taiwan Semiconductor Manufacturing Company, US State Department, Financial Times, Bloomberg Businessweek, Congress, China, Bloomberg, CNBC, of Commerce, BIS, of Industry, Security, Semiconductor Industry Association, Nvidia, TSMC, Qualcomm Locations: Taiwan, China, Beijing, America
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRestaurant discount meal 'price wars' are just beginning, says BTIG's Peter SalehPeter Saleh, BTIG managing director, joins 'Power Lunch' to discuss restaurant sentiment and stock outlook for the sector.
Persons: BTIG's Peter Saleh Peter Saleh
The fleet of 500 vehicles operating in the city belongs to Apollo Go, a unit of Chinese tech giant Baidu (BIDU). There have also been complaints from residents in Wuhan about traffic jams, as driverless cars fail to respond to traffic lights. Uncertainty over the safety and reliability of driverless cars has cast a long shadow over the industry in the US. Last week, authorities in Shanghai’s Pudong New Area started handing out licenses to driverless car operators, including Apollo Go and Alibaba-backed AutoX, according to state media China Daily. California-based startup Pony.ai, backed by Toyota and Saudi Arabia, was also given the green light to test driverless vehicles in the financial hub.
Persons: You’ll, ” Tu Le, robotaxi, Apollo Go’s, Apollo, Waymo, Elon Musk, Go Organizations: Hong Kong CNN —, Weibo, Baidu, Global Times, Sino, CNN, National Bureau of Statistics, Apollo Go, United, GM, Department of Justice, McKinsey, Pudong New Area, Toyota, Beijing Municipal Bureau of, Information Technology, People’s Daily Locations: China, Hong Kong, Wuhan, Weibo, United States, United Arab Emirates, California, Beijing, Shenzhen, Pudong, . California, Saudi Arabia, Bao’an district, People’s
Can Boeing get back to its glory days?
  + stars: | 2024-07-18 | by ( Leslie Josephs | ) www.cnbc.com   time to read: +17 min
Then on Jan. 5, about six minutes and 16,000 feet into a packed flight out of Portland, Oregon, a door plug blew out of a nearly new Boeing 737 Max 9. The Federal Aviation Administration barred Boeing from increasing output of its Max planes and stepped up hands-on inspections at production plants. The 737 was dubbed "Baby Boeing" and went on to become the company's bestseller, helping to make Boeing the largest U.S. exporter. Pilots in those Boeing planes fought against a flight-control system, the Maneuvering Characteristics Augmentation System, that pushed the nose of the planes downward repeatedly. Boeing has said it aims to increase rates to about 50 Max planes a month in the next few years.
Persons: Joshua Roberts, Max, AeroSystems, Sen, Richard Blumenthal, Conn, Dave Calhoun, Boeing hasn't, Brian West, Aengus Kelly, Bob Jordan, I'm, Antonoaldo Neves, Calhoun, Steve Mollenkopf, Pat Shanahan, Donald Trump, Barack Obama, AerCap's Kelly, Mulugeta Ayene, we've, NASA —, Scott Kirby, McDonnell Douglas, Rob Spingarn, Kirby, Spirit Aerosystems, William Campbell, it's, It's, Howard McKenzie, Kevin Lamarque, Goldman Sachs, Noah Poponak, Alex Krutz Organizations: American Airlines Boeing, Reagan National, FAA, Reuters Boeing, Wall, Boeing, Justice Department, Alaska Airlines, National Transportation Safety Board, NTSB, Via Reuters Industry, Farnborough, Federal Aviation Administration, Airbus, JPMorgan, Etihad Airways, General Electric, Blackstone, Qualcomm, Lion, Ethiopian Airlines, Pilots, Justice, Reuters, NASA, Lion Air, CNBC, Research, Max, Spirit, Corbis, Jefferies, DOJ, Senate Homeland Security, Governmental Affairs, Capitol, Patriot Industrial Partners Locations: Los Angeles, United States, Washington , U.S, Portland , Oregon, Alaska, U.S, Maldives, Wall, United Kingdom, Boeing's, Emirates, Southwest, United, Indonesia, Addis Ababa, Bishoftu, Debre Zeit, Ethiopia, BOZEMAN , MT, Wichita , Kansas, Bozeman, Bozeman , Montana, Seattle, Chicago, Arlington , Virginia, Wichita, South Carolina, Washington
"It's a very momentum-driven market," said Ben Klein, the cofounder at the record label and music-marketing firm Hundred Days. Still, for some artists, albums can be a useful tool for marketing, streaming economics, and nourishing their biggest fans. "If you're capturing all of your fans and the fans are streaming 10 songs or they're streaming 30 songs, it actually makes a big difference on charting and streaming revenue." AdvertisementOf course, writing lots of quality songs for an album is easier said than done. And some artists are wary of letting social-media strategies or streaming incentives bleed into the creative process.
Persons: Charli XCX, cheekily, Taylor Swift, Nima Nasseri, Morgan Wallen's, Beyoncé, Cowboy Carter, Swift, Nathan Hubbard, Billie Eilish, Ben Klein, superfans, David O'Connor, Z, Steve Jobs, Robert Fink, Charlie Green, YouTuber, Taylor Lindsey, Brian Zisook, Audrey Benoualid, Myman Greenspan, Ariana Grande, Tate McRae, Judah, Judah Akers, Superfans, Marie Clausen, Akers, Dan Whateley Organizations: Universal Music Group, Poets Department, Nation Entertainment, Napster, iTunes, Herb Alpert School of Music, Sony Music Nashville, Lion, RIAA, Business
Investors view a golden cross chart pattern as a key indication that a stock could be headed for strong gains. The move refers to the point at which a stock's 50-day moving average crosses above its 200-day counterpart. CNBC Pro screened FactSet data to find stocks close to forming golden cross patterns that might suggest future gains. The stock's 50-day moving average of $501.09 is within striking distance of its 200-day moving average of $510.19, indicating a possible golden cross if the recent trend holds. Kimco Realty Kimco Realty, another REIT, also made screen of golden cross candidates.
Persons: Wall, Jefferies, David Windley, Windley, Haendel St, Juste Organizations: CNBC, UnitedHealth, Mizuho Securities, Kimco Realty, Mizuho, RPT Realty Locations: Kimco
Africa is doubling down on its space ambitions
  + stars: | 2024-07-17 | by ( Amy Gunia | ) edition.cnn.com   time to read: +8 min
“It was really giving me a hard time in my mind.”Now Ouattara is helping to lead Africa into space. Early this year, Ouattara became the first president of the African Space Council, which oversees the newly inaugurated African Space Agency (AfSA). VCG/Getty ImagesAfrica’s space industry could be worth $22.6 billion by 2026, up from $19.5 billion in 2021, according to the consultancy Space in Africa. Better data from Earth observation could unlock more than $2 billion in value for Africa, according to a 2021 report by the World Economic Forum. More than 20 countries now have national space programs, and African nations budgeted more than $400 million for the sector in 2024, according to Space in Africa.
Persons: Tidiane Ouattara, , , Ouattara, Temidayo Oniosun, Aloyce, Deche, Andrew Nyawade, Simon Maina, that’s, “ It’s, Oniosun, ” Oniosun, ” Ouattara Organizations: CNN, Moon, African Union Commission, African Space Council, Space Agency, , World Economic, World Bank Group, Kenya Space Agency, University of Nairobi, Getty, African Development Bank, European Space Agency Locations: Ivory Coast , West Africa, stargaze, Canada, Africa, Ivory Coast, Inner Mongolia Autonomous Region, China, Egypt, Cairo, ” Africa, South Africa, Ghana, Kenya, Bulgaria, AFP,
None of the country’s largest social media platforms responded to repeated questions from CNN over multiple days this week about what actions they have taken in response to misinformation and conspiracy theories circulating about the Trump rally shooting. And what the public experienced on social media in the moments after the attack on Trump is a sign of what’s to come, said Imran Ahmed, CEO of the Center for Countering Digital Hate (CCDH), a social media watchdog group that advocates for tighter regulation of the platforms. “It can’t make a safe social media product that does politics and civic stuff, and so it just got out of that business.”Baybars Orsek, managing director of the fact-checking organization Logically Facts, said these and other changes by social media platforms have made working with them in the last few years more challenging. The decision effectively means the US government can continue to flag misinformation threats to social media companies in the runup to the 2024 election. Mainstream media outlets, taking care to report only credible answers, were initially slower to report what was happening than the breakneck pace of social media speculation.
Persons: Donald Trump, bode, , Joe Biden, Biden, Snapchat, , Imran Ahmed, ” Ahmed, Elon Musk’s, Musk, CCDH, X, TikTok, “ Meta, Laura Edelson, ” Baybars Orsek, ” Orsek, Trump, Edelson, Alicia Wanless, “ I’ve, ” Wanless, Wanless Organizations: CNN, Meta, Twitter, YouTube, Department of Homeland Security, Big Tech, Trump, Google, Center, Social, Northeastern University, Democracy, Supreme, Facebook, Carnegie Endowment, International Peace
Eyes closed, she listened as the Mercato Partners cofounder Greg Warnock stepped into the living room of his houseboat. Before starting Mercato, Warnock bought a large stake in a chemical-distribution business and made his first few millions in the acquisition. For an aspiring investor in Silicon Slopes, Mercato Partners seemed the place to be. They say the complaints from female Mercato employees are emblematic of religious and social norms that place women in the home. Mercato Partners no longer promotes Savory Fund or Prelude on its website following an organizational shake-up.
Persons: Powell, Elizabeth Moore, Greg Warnock, Moore, Warnock, Melia Russell, Jim Dreyfous, Paul Ahlstrom, Mercato, Emma Jackson, Elizabeth Moore's, Lake Powell, Mr, Staci, McCubbins, feely, David Bateman, Bateman's, Josh James, James, machismo, David McNew, Alan Hall, Jackson, wouldn't, Matthew Ashton, something's, massages, Melissa Walred, Walred, Greg, There's, gleeful Warnock, he'd untangle, Joe Kaiser, Ryan Sanders —, Savory, Warnock's, Davis Warnock, Davis, Victor Charlie, Larry H, TMRS, Staci McCubbins, Rosalie Chan Organizations: Mercato, Business, Lambda, Mercato Partners, BI, Opportunity, Thermal, vSpring, Beehive State, Getty, Pelion Venture Partners, Miller Company, Missouri State Employees, System, Nationwide Insurance, Family Insurance, Los, Employees, Association, Saudi Aramco, Google, Facebook Locations: Utah, Mercato, Lake, Coachella, Powell, Beehive, Silicon Slopes, Salt Lake City, Cottonwood Heights, Tibet, Missouri, Texas, Los Angeles, Saudi
It's a juicy prize for winning a generative AI coding competition hosted by Inriver's owners, private equity firm Thomas H. Lee. It's one way the Boston-based buyout firm has been able to implement generative AI coding assistants among its portfolio of middle-market companies. The goal is to accelerate software development so that portfolio companies can do more work with the same amount of resources. He also persists that deploying generative AI coding assistants is not a cost exercise, but a means to productivity. Now, the key for the SRG is educating portfolio companies on what problems AI can fix and which it can't.
Persons: Thomas H, Lee, Mark Benaquista, Benaquista, THL, Github, Alex Sabel, Sabel, Jagjit Singh, He's, Singh, it's Organizations: Service, THL's Strategic Resources Group, Engineering, THL, Boston, Apple Watch, Apple Locations: Philippine, Boston, genAI, India, Netherlands, Philippines
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