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New York CNN —Some progressives have frequently blamed corporate greed for fueling the high cost of living that Americans are fed up with. That’s corporate greed. That’s corporate greed. Although the paper did not directly mention corporate greed, shrinkflation or Biden, the research undercuts the argument that greedflation drove the early inflation. That report found corporate profits were to blame for 34% of inflation since the start of Covid-19.
Persons: Sen, Elizabeth Warren, ” Warren, “ That’s, It’s, , , Joe Biden, ” Biden, CNN’s Erin Burnett, Biden, – we’re, shrinkflation, greedflation, Jeremy Edwards, ” Edwards, , , Greg Valliere, ” Valliere, Jerome Powell, Caroline Ciccone, profiteer Organizations: New, New York CNN, Federal Reserve Bank of San Francisco, Fed, SF Fed, , CNN, White, AGF Investments, Federal Reserve, Federal, Federal Reserve Bank of Kansas City Locations: New York, America, Kansas
Whether retail investors profit from their bets on GameStop and AMC Entertainment or not, one group of companies looks set to cash in from the frenzied trading: stock exchanges. So-called meme stocks, which gained popularity through social media platforms like Reddit and Twitter (or X), have attracted retail investors looking to make a quick profit. Through this new innovative offer, we will offer retail investors a true one-stop-shop experience for equity trading," he said in May 2023. "The rise of retail options trading is another secular trend we're excited to build on with more platforms coming online for index options trading later this year, giving retail investors expanded access to our products," Howson said on an earnings call to analysts this month. ICE, which owns the New York Stock Exchange and several other exchanges, offers trading in stocks, bonds, commodities, currencies and derivatives.
Persons: Eric Leupold, Deutsche Boerse, Benjamin Goy, Stéphane Boujna, FactSet, David Howson, Howson, Oppenheimer, Hannah Gooch, Peters, Marco Iachini ​, Organizations: GameStop, AMC Entertainment, Twitter, Deutsche Borse AG Deutsche Börse, Frankfurt Stock Exchange, Corona, Deutsche Börse, DB1, Deutsche Bank, Global Equity, Cboe, Wall Street, Intercontinental Exchange, Sanlam Investments, ICE, New York Stock Exchange, Vanda Locations: Germany, U.S, Switzerland, Italy, Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo, Paris, France, Portugal, Europe
It’s a very different matter in Europe — by far the biggest export market for Chinese EV manufacturers. EU tariffs could backfireAccording to Citi, the EU accounted for 36% of Chinese EV exports last year, more than the next five largest markets combined. By contrast, the United States currently receives just 1.1% of China’s EV exports. For BYD, China’s biggest EV maker, the tariffs would likely have to be even higher to be effective, they add. “I’d say we are entering a very tense period in terms of trade interactions and trade defense,” she added.
Persons: Joe Biden, “ I’m, ” Biden, Joseph Webster, Agatha Kratz, Kratz, That’s, Oliver Zipse, , Tu Le, , Josh Lipsky, Juliana Liu Organizations: London CNN, United, EV, European Union, Atlantic Council, EU, CNN, Citi, Capital Economics, BMW Locations: China, America, Europe, United States, It’s, Brussels, “ Brussels, Beijing, subsidization, EU, States, Italy, Hong Kong
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. The S & P 500 and Nasdaq Composite rose to all-time highs after the release. The market hasn't been this overbought since late December, according to the S & P 500 Short Range Oscillator, our trusted momentum indicator. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .
Persons: Jim Cramer, Morgan Stanley, Jim, It's, Jim Cramer's Organizations: CNBC, Nasdaq, Palo Alto Networks, Wall, UnitedHealth Group, Healthcare, wouldn't, Palo, Wednesday . Bank of America Locations: Palo, Palo Alto
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. A new report, "The Future of News: Ad Adjacency Study," challenges this conventional wisdom and indicates the focus on brand safety in news advertising might be misguided. The report also sought to measure how large an audience advertisers might be missing out on by advertising alongside only certain topics. "Brand safety — or at least when it comes to news advertising — really doesn't promote desirable social goals because it defunds the ability to report news." Penn told BI he was hopeful the report would help create a more productive relationship between media publishers and advertisers.
Persons: , Mark Penn, Stagwell, Axel Springer, Donald Trump, Joe Biden, Penn, Gen, Biden, Trump, Maggie Milnamow Organizations: Service, Business, Politico, The New York Times, Street Journal, Washington, Harvard, Harris, Republicans
Now, after the lab team’s decade of close collaboration with scientists at Google, that data has turned into the most detailed map of a human brain sample ever created. The result is an interactive 3D model of the brain tissue, and the largest dataset ever made at this resolution of a human brain structure. And of course, it would reveal many more problems, things we hadn’t expected.”What about mapping an entire human brain? “Much of what we think we understand about the human brain is extrapolated from animals, but research like this is critical for revealing what truly makes us human. “Each human brain is a vast network of billions of nerve cells,” said Sporns, distinguished professor of psychological and brain sciences at Indiana University.
Persons: Jeff Lichtman —, Harvard University —, , Lichtman, Harvard University That’s, Viren Jain, ” Jain, Jain, there’s, we’re, , ” Lichtman, haven’t, Michael Bienkowski, ” Bienkowski, Andreas Tolias, Berger, Olaf Sporns, Sporns Organizations: CNN, Harvard University, Google, Google Research, Lichtman, Harvard, Cisco, University of Southern California’s Keck School of Medicine, , Stanford University in, Indiana University Locations: Stanford University in California
“Our study of over two million individuals from 160+ countries runs contrary to this idea.”People with access to home internet and/or mobile internet and actively use internet report greater well-being across eight different categories — including life satisfaction and social life, according to a study published Monday in the journal Technology, Mind, and Behavior. Across all those ways of crunching the numbers, about 85% showed that those who have and use the internet report greater well-being that those who do not, according to the research. Other research has shown that the connection between mobile internet use and well-being is complex and varies among individuals, he added. “Our results might then simply indicate that individuals with more money, access to healthcare, etc, report greater well-being,” Vuorre said in an email. The internet is used for a wide variety of things — including online banking, shopping, finding services, reading the news and cyberbullying — and those different uses will have different effects on well-being, Vuorre said.
Persons: , Matti Vuorre, Markus Appel, people’s, ” Appel, ” Vuorre, Vuorre, cyberbullying —, hasn’t, don’t, Appel Organizations: CNN, Tilburg University, Technology, Gallup, University of Würzburg, Locations: Netherlands, Germany
CNN —Were dinosaurs warm-blooded like birds and mammals or cold-blooded like reptiles? Clues from dinosaur eggshells and bones have suggested that some dinosaurs were warm-blooded and others were not. These dinosaurs may have evolved endothermy, or the ability to internally generate body heat, according to the study. “Warm-blooded animals are generally more active, for example, cold-blooded animals usually don’t build nests,” said lead study author Dr. Alfio Alessandro Chiarenza, Royal Society Newton International Fellow at University College London’s department of Earth sciences. Her 2022 study suggested that ornithischians were more likely cold-blooded and sauropods were warm-blooded.
Persons: Big John, Sarah Meyssonnier, ornithischians, , Alfio Alessandro Chiarenza, Brontosaurus, ” Chiarenza, , Jasmina, ” Wiemann, Chiarenza, Anthony Fiorillo, ” Fiorillo, wasn’t Organizations: CNN, Royal Society Newton International, University College London’s, Field, UCL, Universidade de, New, New Mexico Museum, Southern Methodist University Locations: Paris, Chicago, Spain, New Mexico, Dallas
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNo secret the U.S. wants to keep a lid on oil prices in election year, analyst saysAmena Bakr, senior research analyst at Energy Intel, discusses U.S. Secretary of Energy Jennifer Granholm's Middle East visit.
Persons: Amena Bakr, Energy Jennifer Granholm's Organizations: Energy Intel, U.S, Energy Locations: U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed isn't going to reach inflation target due to shelter costs, says 3Fourteen's Warren PiesWarren Pies, 3Fourteen Research, joins 'Closing Bell' to discuss shelter disinflation and takeaways from the CPI report.
Persons: Warren
U.S. crude oil inventories fell 3.104 million barrels in the week ended May 10, according to market sources citing American Petroleum Institute figures on Tuesday. Gasoline inventories fell by 1.269 million barrels and distillates rose by 673,000 barrels. "Expectations of another drawdown in U.S. oil inventories should support oil prices," ANZ Research said in a note. Oil prices also found support from a softer U.S. dollar and stimulus measures from China, said independent market analyst Tina Teng, with a weaker greenback making dollar-denominated oil cheaper for investors holding other currencies. "The U.S. CPI and China's economic data are key to driving oil prices for the rest of the week," she added.
Persons: David Knox, Petra Nova, Brent, Tina Teng, Teng Organizations: NGR Energy, JX Nippon Oil & Gas Exploration Corporation, WA Parish, U.S, . West Texas, American Petroleum Institute, ANZ Research, Federal, CPI Locations: NGR, Bend County, Petra, WA, China, Fort McMurray
Instagram co-founder Mike Krieger will join artificial intelligence firm Anthropic as chief product officer, the company announced Wednesday. He and Instagram's other co-founder, Kevin Systrom, most recently built the personalized news app Artifact and sold it to Yahoo. Around this time last year, Anthropic had only rolled out the first version of its chatbot without any consumer access or major fanfare. News of Krieger's hiring follows Anthropic's debut of its first enterprise offering and iOS app earlier this month. And in March, Anthropic announced Claude 3, a suite of AI models that it says are its fastest and most powerful yet.
Persons: Instagram, Mike Krieger, Anthropic, Krieger, Kevin Systrom, OpenAI's, Claude, Mike, Daniela Amodei, It's, it's Organizations: Meta, Yahoo, Google, CNBC
A bipartisan Senate group is calling for $32 billion in annual federal AI spending. The group wants to ensure the US stays ahead of China — which is also spending big on AI. Group leader Sen. Chuck Schumer said the money will "cement America's dominance in AI." AdvertisementA bipartisan group of US Senators wants to spend billions of dollars on a game plan to dominate artificial intelligence. Senate Majority Leader Chuck Schumer and three other senators who assembled an AI Working Group released their initial report on Wednesday.
Persons: Sen, Chuck Schumer, , It's Organizations: Senate, Service, US, Business Locations: China
Russian President Vladimir Putin's meeting with Chinese leader Xi Jinping in China this week is the latest sign of deepening strategic ties between both sides. Putin will make a two-day state visit to China from Thursday at the invitation of Xi, it was announced on Tuesday. This will be the Russian leader's first overseas trip since Putin kicked off his fifth term in office last week. Putin also wants access to Chinese financial markets and to use the "Chinese currency to further Russia's trade," Hess said. "So, it's really Putin going to China seeing what he can get."
Persons: Vladimir Putin's, Xi Jinping, Putin, Xi, Max Hess, CNBC's, Hess, it's Organizations: Foreign Policy Research Institute Locations: China, Russian, Beijing, Siberia, Ukraine
A bipartisan group of senators released a long-awaited legislative plan for artificial intelligence on Wednesday, calling for billions in funding to propel American leadership in the technology while offering few details on regulations to address its risks. Innovation in Artificial Intelligence,” the Senate leader, Chuck Schumer, and three colleagues called for spending $32 billion annually by 2026 for government and private-sector research and development of the technology. But they said congressional committees and agencies should come up with regulations on A.I., including protections against health and financial discrimination, the elimination of jobs, and copyright violations caused by the technology. “It’s very hard to do regulations because A.I. is changing too quickly,” Mr. Schumer, a New York Democrat, said in an interview.
Persons: Chuck Schumer, ” Mr, Schumer, , Organizations: Intelligence, New, New York Democrat Locations: New York
AMC Entertainment , GameStop — AMC and GameStop shares posted fell in early morning trading as momentum fizzled from the meme stock craze , which was reignited Monday by a social media reappearance from "Roaring Kitty." GameStop shares slid 6%. Boeing — The airplane manufacturer's shares slid 1.1% after the Justice Department said Boeing violated a 2021 settlement related to its two fatal 737 Max crashes, exposing the company to potential U.S. prosecution. SunPower — The solar stock dropped 22.3%, giving back some of its 59% surge from the prior session. On Wednesday, however, Wolfe Research downgraded the stock underperform from peer perform, noting SunPower the "most extreme example of the meme stock resurgence" within clean technology names.
Persons: Lien, Max, Nio, Dell, Morgan Stanley, Wolfe, , Alex Harring, Fred Imbert, Jesse Pound Organizations: AMC Entertainment, GameStop, AMC, Boeing, Justice Department, JPMorgan, White House, Wolfe Research Locations: China
London CNN —Taylor Swift’s smash-hit “Eras Tour” is set to boost spending in the United Kingdom by nearly $1 billion, according to estimates by Barclays. The concerts sold out within minutes of tickets going on sale, with fans spending £206 ($260) on average on a single ticket, Barclays said. While the price tag may seem hefty, it’s much less than many Americans will pay to see the “Eras Tour” back home. “For ‘Eras Tour’ ticketholders, every pound they spend is an investment in the memories they’ll create,” he added. The European leg of the “Eras Tour” includes concerts in Sweden, Portugal, Spain, France, Ireland, the Netherlands, Switzerland, Italy, Germany, Poland and Austria this year.
Persons: London CNN — Taylor Swift’s, Swift, Peter Brooks, Taylor Swift, Elvis, Beatlemania, ” Brooks, That’s “ Organizations: London CNN, Barclays, Barclays ’, Locations: United Kingdom, United States, England, Wales, Scotland, Europe, Sweden, Portugal, Spain, France, Ireland, Netherlands, Switzerland, Italy, Germany, Poland, Austria
But the kicker is that this giant void shouldn't exist in the first place. For example, some people have correctly argued that such a void shouldn't exist in the standard model, which is true. Cosmologists have a value, called the Hubble constant, which they use to help describe how fast the universe's expansion is accelerating. The Hubble constant should be the same value wherever you look, whether it's close by or very far away. NASA/JPL-CaltechAstronomers can't agree on what's causing this discrepancy in the Hubble constant, and the contention has become known as the Hubble tension.
Persons: , we're, Claire Lamman, Indranil, Andrews, Hubble, Brian Keating, Keating, Banik Organizations: Service, Business, Harvard, Smithsonian Center, Astrophysics, Indranil Banik, University of St, Banik, Royal Astronomical Society, KBC, Hubble, NASA, JPL, Caltech, ESA, Palomar, Sky, UC San Diego, Sky Survey
Bitcoin's halving in April could force crypto miners to sell some tokens, Kaiko Research reported. These firms haven't yet had to tap their bitcoin hoards thanks to high transaction fees, but that could change. The April halving is a pre-coded event in which the amount of bitcoin rewarded to crypto miners is slashed in half. According to Bloomberg, fees jumped amid a burst of meme-coin creation after the halving event. Miners are often known for hoarding bitcoin troves without selling, which analysts have previously pointed out as another price-boosting supply constraint.
Persons: , Kaiko, bitcoin, Peter Brandt Organizations: Research, Service, Bloomberg, Mining, Marathon Digital, BTC
Funds like Renaissance Technologies, Two Sigma, and D.E. RenTech founder Jim Simons died last week; the billionaire stepped down as chairman in 2021. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe last full month of returns Renaissance Technologies delivered during its founder's life were strong. The quant giant's two largest funds for outside investors, Renaissance Institutional Equities Fund and Renaissance Institutional Diversified Alpha, did well in April, before the firm lost its founder, 86-year-old billionaire Jim Simons, on Friday.
Persons: Shaw, Jim Simons, , Simons — Organizations: Renaissance Technologies, Sigma, Service, Renaissance Institutional, Fund, Alpha, Business
Courtesy of Erik SmolinskiHe says he has a long position in iShares Russell 2000 ETF (ETF, IWM) and ​​iShares 20+ Year Treasury Bond (ETF, TLT). AdvertisementThe portfolio addition for the hands-off investor: the iShares Russell 2000 ETFSmolinski recognizes that, as an investor, he's "more active than I imagine most people want to be." For the everyday investor who wants to be more hands-off, he recommends buying the iShares Russell 2000 ETF. This investment tracks the Russell 2000 Index, which measures the performance of small caps. That would be the next expression, so: looking at strong sectors, strong sub-sectors, then finding the leading stocks within those strong performing sub-sectors."
Persons: , Erik Smolinski, he's, Smolinski, He's, Russell Organizations: Service, Business, Marine, Treasury Bond, Nasdaq Locations: California, Norway, iShares Russell
He believes the stock market is rational — even when it doesn't appear to be. Related stories"The market is ruthlessly efficient, both long term and short term," Lundgren said. The strategist added: "The market doesn't care one iota about fundamentals in the short term. Like any market, stock exchanges determine prices based on what buyers and sellers will pay and sell for. Just because it's taking place in a mall doesn't make that mall an insane asylum."
Persons: , Tuesday's, Redditors, David Lundgren, Lundgren, who's, that's, It's, Benjamin Graham, Mark Minervini Organizations: Service, GameStop, Business, Street, MOTR Capital Management & Research, Little Harbor Advisors, AMC
The National Security Agency collected the intelligence that gave US officials insights into China and Iran’s capabilities in producing deepfakes, one of the sources said. At a briefing last week, FBI officials warned that AI increases the ability of foreign states to spread election disinformation. US officials have maintained a high level of visibility into the AI and deepfake advancements made by countries including China, Iran and Russia since the 2020 election. Nearly 70% of Republicans and Republican-leaners said that President Joe Biden’s 2020 election win was not legitimate, according to a CNN poll released in August. The 2024 US election will present new opportunities for foreign influence operations.
Persons: , , Lee Foster, Foster, ” Foster, leaners, Joe Biden’s, Donald Trump Organizations: CNN, National Security Agency, NSA, Intelligence, US, Labs, , Republican, Pew Research Center, FBI, Kyiv Locations: China, Iran, Russia, United States, Ukraine, Ukraine –
Putin wants three things from China, analyst says
  + stars: | 2024-05-15 | 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 EmailPutin wants three things from China, analyst saysMax Hess, fellow at the Foreign Policy Research Institute, discusses Russian President Vladimir Putin's upcoming meeting with Chinese counterpart Xi Jinping.
Persons: Putin, Max Hess, Vladimir Putin's, Xi Jinping Organizations: Foreign Policy Research Institute Locations: China
Technical signals are indicating the dramatic meme stock rally , driven by a short squeeze, could soon come to a painful end, according to Wolfe Research's Rob Ginsberg. A short squeeze occurs when investors who had bet against a stock by borrowing shares and hoping to buy them back later at a lower price luck out. This then pushes the stock price higher. SunPower , another short squeeze candidate, dropped 19% Wednesday before the open, after surging 60% Tuesday. Wolfe Research said an index it manages with Nomura that measures stocks with high short interest this week "rallied into a lower high at long-term resistance."
Persons: Wolfe, Rob Ginsberg, Ginsberg, Nomura, Michael Bloom Organizations: GameStop, AMC, Wolfe Research
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