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☆ Investors make a case for standing by Nvidia after another blowout report
▼ + stars: | 2023-08-24 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

The results boosted shares of Nvidia as much as 8%. Justifying the valuation After a more than 232% jump in 2023, Nvidia shares are on pace for their third best year on record and best yearly stretch since 2001. Opening and building positions Despite the blowout report, Nvidia gave up some of its gains, while its beneficiaries and competitors slumped into negative territory. Even so, the moves boosted his case for beefing up his position in Nvidia and other AI plays. Cerity Partners' Jim Lebenthal revealed to CNBC's "Halftime Report" on Thursday that he initiated a position in Nvidia earlier this week to get a "toehold before earnings."

Persons: Josh Brown, CNBC's, Nancy Tengler, Paul Meeks, Ken Mahoney, Jerome Powell's, Meeks, Cerity, Jim Lebenthal Organizations: Nvidia, Devices, Marvell Technology, Micro Computer, Taiwan Semiconductor Manufacturing, Laffer, Investments, Independent Solutions Wealth Management, Asset Management, Apple, Federal, Computer, AMD, Cerity Partners Locations: Jackson Hole , Wyoming

☆ Microsoft shares hit a record high this week. How the pros are playing it
▼ + stars: | 2023-07-21 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Pretty much everyone believes that generative AI is going to be a critical place to be in the coming decades, and I think Microsoft is far ahead of everyone else." At its steep multiple and price appreciation, she is refraining from buying shares that look "due for a breather." MSFT 5D mountain Microsoft shares this week Most analysts and investors agree that Copilot represents a big opportunity for Microsoft, but some remain skeptical of how much it will be able to monetize and how many users it can attract. Earnings next week could offer the next big catalyst for Microsoft. Microsoft is so well known that any kind of growth investor would have that philosophy."

Persons: Nancy Tengler, Tengler, Paul Meeks, Meeks, Ken Mahoney, Mahoney, Goldman Sachs, Kash Rangan, Citi's Tyler Radke, Guggenheim's John DiFucci, You've, Michael Bloom Organizations: Microsoft, Laffer, Investments, Mahoney Asset Management Locations: overbought

☆ A.I. enthusiasm drove up stocks this year. Here's how investors can catch the next opportunity
▼ + stars: | 2023-07-02 | by ( Samantha Subin | ) www.cnbc.com time to read: +6 min

Six months later, the promise of generative AI has boosted the Nasdaq Composite 31.7%, notching its best first half since 1983 . Betting on Nvidia Nvidia took Wall Street by storm this year. No matter how AI evolves, Nvidia was seen by many investors as a main beneficiary. Even with the stock's stellar performance, and recent entrance into the $1 trillion market cap club, investors aren't shying away just yet. "There will be an opportunity to get into some of these stocks at probably better levels than you're at now," Szilagyi said.

Persons: ChatGPT, Ken Mahoney, Mahoney, Jan Szilagyi, aren't shying, Sylvia Jablonski, Paul Meeks, Meeks, it's, Jordan Stuart, Eli Lilly's Mounjaro, Stuart, Szilagyi Organizations: Microsoft, Nasdaq, Nvidia, Meta, Apple, Mahoney Asset Management, Nvidia Nvidia, Nvidia —, Independent Solutions, Management, Investors, Big Tech, Federated Hermes, Novo Nordisk's Ozempic Locations: Hong Kong

☆ Debris from implosion of Titanic-bound submersible is returned to land
▼ + stars: | 2023-06-28 | by ( ) www.cnbc.com time to read: +4 min

Debris from the lost submersible Titan has been returned to land after a fatal implosion during its voyage to the wreck of the Titanic captured the world's attention last week. Twisted chunks of the 22-foot submersible were unloaded at a Canadian Coast Guard pier on Wednesday. The Coast Guard is leading the investigation into why the submersible imploded during its June 18 descent. Coast Guard representatives declined to comment on the investigation or the return of debris to shore on Wednesday. Representatives for the National Transportation Safety Board and Transportation Safety Board of Canada, which are both involved in the investigation, also declined to comment.

Persons: Jeff Mahoney, Mahoney, Carl Hartsfield, Liam MacDonald, Shahzada Dawood, Suleman Dawood, Hamish Harding, Paul, Henri Nargeolet Organizations: Titan, Canadian Coast Guard, Titanic, Research Services, Coast Guard, Marine Board, Investigation, Oceanographic Institution, Horizon, National Transportation Safety Board, Transportation, Board of Canada, National Transportation, OceanGate Expeditions, U.S, Stockton Rush Locations: St, John's, Newfoundland, Labrador, Canadian, Massachusetts, New York, U.S, Canada, Bahamas, Everett , Washington, England, Pakistan, France, British

☆ Titanic submersible: A robot is combing the sea floor for debris from the implosion as a multinational investigation begins
▼ + stars: | 2023-06-26 | by ( Nouran Salahieh Samantha Beech | Nouran Salahieh | Samantha Beech | ) edition.cnn.com time to read: +8 min

The US Coast Guard has convened a Marine Board of Investigation to probe the implosion – the “highest level of investigation the Coast Guard conducts,” US Coast Guard chief investigator Capt. Military experts found debris from the ill-fated submersible about 1,600 feet from the bow of the Titanic on Thursday, the US Coast Guard previously said. “This case has been extremely complex, involving a coordinated international, interagency and private sector response in an unforgiving and difficult to access region of the ocean,” US Coast Guard Rear Adm. John Mauger, the First Coast Guard District commander, said Sunday. The Coast Guard announced the vessel suffered a “catastrophic implosion,” killing everyone on board. Pelagic's remotely operated vehicle Odysseus 6 is lifted out of the ocean after searching for debris from the Titan submersible on June 22, 2023.

Persons: Jason Neubauer, ” Neubauer, “, ” Kathy Fox, Kent Osmond, John Mauger, Hamish Harding, Paul, Henri Nargeolet, Shahzada Dawood, Suleman, Odysseus, Neubauer, Paul Hankins, Jeff Mahoney, Mahoney, Rush, ” Rachel Lance, ”, Karl Stanley, ” Stanley, OceanGate, Guillermo Sohnlein, ” Sohnlein Organizations: CNN, US Coast Guard, Marine Board, Investigation, Coast Guard, Authorities, Prince, Transportation, Board of Canada, Royal Canadian Mounted Police, RCMP, Polar Prince, US, Guard, First Coast Guard District, OceanGate Expeditions, Stockton Rush, Titan, Research, Research Services, Salvage Operations, Ocean Engineering, Deep Energy, US Navy, Navy, Duke University, Rush Locations: Canada, St, John’s, British, French, Bahamas

☆ Voice recordings and data from the mother ship that carried the Titanic-bound submersible before it imploded will be examined, investigators say
▼ + stars: | 2023-06-25 | by ( Nouran Salahieh Samantha Beech | Nouran Salahieh | Samantha Beech | ) edition.cnn.com time to read: +6 min

“The content of those voice recordings could be useful in our investigation,” Fox said. Communications between the submersible and its mother ship will also likely be scrutinized. The ship could communicate with the submersible by text messages, and it’s required to communicate every 15 minutes, according to the archived website of OceanGate Expeditions. The vehicles will work to map out the vessel’s debris field, which is more than 2 miles deep in the North Atlantic, Mauger said. When asked for comment about Stanley’s email, a spokesman for OceanGate told CNN they were unable to provide any additional information at this time.

Persons: ” Kathy Fox, John’s, ” Fox, John Mauger, Hamish Harding, Paul, Henri Nargeolet, Shahzada Dawood, Suleman, Kent Osmond, OceanGate, Guillermo Sohnlein, ” Sohnlein, “, Mauger, Paul Hankins, Jeff Mahoney, Mahoney, Rush, Karl Stanley, ” Stanley Organizations: CNN, Transportation, Board of Canada, US Coast Guard, Stockton Rush, OceanGate Expeditions, Communications, Titan, Getty, Royal Canadian Mounted Police, RCMP, National Transportation Safety Board, US, Guard, Salvage Operations, Ocean Engineering, Research Services, Deep Energy, Rush, “ Locations: St, Newfoundland and Labrador, British, French, AFP, Bahamas

The 15% year-to-date rally in the S&P 500 (.SPX) is pulling once doubtful investors back into the market. Meanwhile, options investors are buying calls - bets on upside in stocks - at levels not seen in years. A record 1.8 million S&P 500 calls traded on Thursday, helping lift the one-month moving average of calls-to-puts to the highest in at least four years, Trade Alert data showed. The S&P 500 has posted a median gain of 18% in the 12 months after clearing the 20% threshold, LPL Financial data showed. One encouraging signal is that a greater number of S&P 500 stocks are heading higher, in addition to the handful of megacap growth names such as Microsoft (MSFT.O) and Nvidia (NVDA.O) that led gains this year.

Persons: you've, Emily Roland, Goldman Sachs, Willie Delwiche, we're, Delwiche, Brent Kochuba, Matt Stucky, Ken Mahoney, Lewis Krauskopf, Saqib Iqbal Ahmed, David Randall, Ira Iosebashvili, Richard Chang Organizations: YORK, National Association of Active Investment, Bank of America, Deutsche Bank, Trade, John Hancock Asset Management, Mount Research, American Association of, Investors, Northwestern Mutual Wealth Management Company, Fed, Microsoft, Nvidia, Asset Management, Thomson Locations: U.S

☆ Leon Levine, Family Dollar founder, dies at 85
▼ + stars: | 2023-04-11 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +2 min

New York CNN —Leon Levine, who built Family Dollar into a discount retail giant catering to America’s lower-income and middle-class shoppers, has died at 85. Three dollar store chains — Dollar General, Dollar Tree and Family Dollar — are now the fastest-growing US retailers. Levine opened the first Family Dollar store in 1959 at age 22 in Charlotte, North Carolina, with his cousin. “We’re just the opposite of a Wal-Mart,” Family Dollar president George Mahoney told the Associated Press in 1993. (Today, there are more than 8,000 Family Dollar stores.

☆ The 30 years of Northern Ireland's 'Troubles'
▼ + stars: | 2023-04-03 | by ( ) www.reuters.com time to read: +4 min

In a 75-minute period, the Irish Republican Army (IRA) exploded 22 bombs across Belfast, killing nine people and wounding around 130. Nov. 21, 1974 - IRA bombs exploded in two pubs in Birmingham, central England, killing 21 people. Hours later, two IRA remotely detonated bombs killed 18 British soldiers on the shores of Carlingford Lough at Warrenpoint, County Down. July 20, 1982 - Two remote-controlled IRA bombs killed 11 members of the British Army in attacks on military ceremonies at Hyde Park and Regent's Park in central London. Nov. 8, 1987 - 11 people, including a police officer, were killed in an IRA bomb attack during a Remembrance Day ceremony in Enniskillen, County Fermanagh.

EY global leader Carmine Di Sibio says the accounting firm is continuing to work toward a transaction. The unexpected revolt that has upended the planned breakup of accounting firm Ernst & Young is being driven by two longtime U.S. auditors who believe their part of the firm could end up weakened by a deal. John King and Frank Mahoney, senior U.S. EY executives, have emerged as key opponents to the firm’s plan for a worldwide split of its auditing and consulting arms, according to people familiar with the matter.

☆ Tesla stock 'gets boring' as the market drills into the EV's company metrics and treats it more like a traditional automaker, investment research firm says
▼ + stars: | 2023-03-02 | by ( Carla Mozée | ) www.businessinsider.com time to read: +2 min

Tesla stock "gets boring," Bespoke Investment Group said after the EV maker's update. Wall Street's expectations for Tesla look more like those for a traditional carmaker and less like a disruptor, it said. Bespoke spotted the highest correlation between Tesla stock and other automakers since 2016. Despite the latest sell-off, Tesla stock is still up more than 50% so far this year, while GM is up 16% and Ford is up 6%. About Tesla's update: "Some key takeaways, in general, are that [Tesla is] still in the rapid growth phase, in our opinion," Mahoney said.

☆ The lifetime of games with virtual worlds is 'indefinite,' says Nexon
▼ + stars: | 2023-02-10 | 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 EmailThe lifetime of games with virtual worlds is 'indefinite,' says NexonOwen Mahoney of the company says Nexon says the company is "extremely well positioned" in that area.

A savings account can be a safe place to store savings and grow it over time. You earn some interest on your savingsA savings account is a type of interest-earning bank account. If you open a regular savings account or high-yield savings account, the savings accounts will likely have a variable APY. Children can't open a savings account on their own, but parents can open a joint savings account and help them manage it until they turn 18. First, you'll want to figure out which type of savings account you would like to open: a traditional savings account, high-yield savings account, money market account, certificates of deposit, cash management account, or specialty savings account.

You can buy a CD as a gift for a minor, but you can't give a CD to another adult. How to buy a CD as a gift to a minorWhile you cannot buy a CD as a gift for an adult, you may get a CD as a gift for a minor. Here is a step-by-step guide you can take to buy a CD as a gift for a child:1. Our best CD rates guide has an overview of competitive CD rates for a variety of terms. If you are managing a custodial account, Carlos recommends setting a reminder for the date the CD term will end.

☆ UK downturn moderates in December but recession begins - PMI
▼ + stars: | 2022-12-16 | by ( Andy Bruce | ) www.reuters.com time to read: +3 min

The UK S&P Global Composite Purchasing Managers' Index (PMI) rose unexpectedly to 49.0 from 48.2 in November, although it remained below the 50 threshold for growth. Separate data on Friday showed a surprise fall in retail sales in November, while consumer confidence remained close to all-time lows this month. "The releases still point to the UK being in a shallow, but protracted, recession at the end of 2022 and into 2023," said Daniel Mahoney, UK economist at Handelsbanken. S&P Global said the PMI was consistent with a roughly 0.3% drop in economic output in the fourth quarter. The manufacturing PMI slid to 44.7 from 46.5, marking its lowest level since May 2020 - during the depths of the first COVID-19 lockdown.

☆ A US recession is coming - here are 5 reasons why
▼ + stars: | 2022-12-12 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Bank of America's strategists said the US could fall into a recession over the next 10 to 12 weeks. Bank stocks have tumbled in recent days. Frankly, a broad recession won't be a surprise to anyone at this point (especially Opening Bell readers). In other news:Whether or not the US is in a recession is a politically charged debate. These nine funds offer strong positioning through a recession and into the next bull market, in Bank of America's view.

☆ Kelsey Grammer explains why David Hyde Pierce won’t be in the ‘Fraser’ revival
▼ + stars: | 2022-11-24 | by ( Lisa Respers France | ) edition.cnn.com time to read: +1 min

CNN —Kelsey Grammer is bringing Dr. Frasier Crane back. He’s doing a revival of his hit series “Fraser,” which originally ran on NBC from 1993-2004. Grammer said David Hyde Pierce opted out of returning as Fraser’s brother. “David basically decided he wasn’t really interested in repeating the performance of Niles,” Grammer said. “But the new world for Frasier is one of new friendships — and some new twists and turns he didn’t know were still in there.”

☆ Macau Under Spotlight Amid U.S. Inspections of China-Based Audits
▼ + stars: | 2022-11-13 | by ( Mark Maurer | ) www.wsj.com time to read: +8 min

The PCAOB, which began inspections of China-based audits in September, will decide by year-end whether China is complying with the agreement. “We do not know if these firms, especially in the U.S., have been adequately supervising the Macau firms,” she said. The Macau firms’ work isn’t immune from PCAOB inspection. PwC Macau is a separate legal entity, but it is run as part of the firm’s China operations, a spokesman said. “The China firm is taking responsibility, treating it as a branch office,” Ms. McKenna said.

☆ Fargo Forges New Downtown Out of Old Parking Lots
▼ + stars: | 2022-11-11 | by ( Joe Barrett | ) www.wsj.com time to read: 1 min

Fargo, N.D., Mayor Tim Mahoney stands in a new public area next to the state’s second-tallest building, built on a former parking lot and neglected downtown site. FARGO, N. D.—Here on the edge of the Great Plains, city leaders have been working to revitalize their downtown by tearing up one parking lot at a time. For years, though, people didn’t want to give up their parking lots.

☆ VIEW Rishi Sunak to become Britain's new PM, UK markets rally
▼ + stars: | 2022-10-24 | by ( ) www.reuters.com time to read: +8 min

LONDON, Oct 24 (Reuters) - Former British finance minister Rishi Sunak will be Britain's next prime minister after his rivals quit the race, which analysts said had relieved some of the nervousness around the outlook for the UK economy, boosting domestic markets. The new Prime Minister needs to confirm their leadership team as soon as possible and provide clarity on their strategy for stabilising the economy and their policy priorities. ART HOGAN, CHIEF MARKET STRATEGIST, B. RILEY WEALTH, NEW YORK:"Coming to a very rapid decision on who the prime minister is going be certainly breathes a sigh of relief into the markets. RUTH GREGORY, SENIOR UK ECONOMIST, CAPITAL ECONOMICS, LONDON:"The fall in gilt yields on the news today that Rishi Sunak will become the UK’s next Prime Minister has reduced the chances of a significant fiscal consolidation. With the pound, just because we have a new Prime Minister in place, all of the issues don't just go away and we still have remarkable strength being enjoyed by the dollar."

☆ Photos: Unfinished Superyacht From 2007 up for Auction for $1.5 Million
▼ + stars: | 2022-10-21 | by ( Brittany Chang | ) www.businessinsider.com time to read: 1 min

But to finish the project, its future owner will have to cough up at least $16 million for lower-end finishes, according to estimates from shipyards in Greece and Turkey, Jack Mahoney, a director at Boathouse Auctions, told Insider in an email.

☆ UK gilts rise but week of uncertainty beckons as Truss quits
▼ + stars: | 2022-10-20 | by ( ) www.reuters.com time to read: +1 min

Investors further scaled back their bets on an outsized 1% point interest rate hike next month by the Bank of England. Deputy Governor Ben Broadbent questioned aggressive pricing in markets of future rate hikes in a speech earlier on Thursday. Twenty- and 30-year gilt yields , which had fallen as much as 13 basis points (bps) earlier in the day, were down 7 bps as of 1442 GMT. "UK financial market reaction to Liz Truss's resignation today has been fairly sanguine," said Daniel Mahoney, an economist at Handelsbanken. Register now for FREE unlimited access to Reuters.com RegisterReporting by Andy Bruce Editing by William SchombergOur Standards: The Thomson Reuters Trust Principles.

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