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☆ 3 lifestyle choices that could help you live healthily to 100, according to scientists
▼ + stars: | 2024-06-25 | by ( Serafina Kenny | ) www.businessinsider.com time to read: +1 min

A new study has found that lifestyle choices can help people live to 100. These include not smoking, exercising, and eating a diverse diet. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMaking three lifestyle choices could help you live to 100, new research has found. Researchers at China's Fudan University found that never smoking, exercising, and eating a diverse diet were associated with a higher chance of living to 100.

Persons: — Organizations: Service, China's Fudan University, Business Locations: China

☆ This stock is 'one of the cheapest ways' to play India's infrastructure boom, fund manager says
▼ + stars: | 2024-06-25 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Causeway Capital Management's Arjun Jayaraman is bullish on one pure-play infrastructure stock: REC , a company which issues loans to power utilities and to other infrastructure. "It is one of the cheapest ways to play infrastructure," the portfolio manager told CNBC Pro Talks last week. Jayaraman manages Causeway's Emerging Markets Fund and International Opportunities Fund . Though he called the Indian market a "very strong growth story," he said he would focus on its small- to mid-cap segment. "Since India is a strong secular growth market, we would say the mid and small-cap [market] is the place to be.

Persons: Arjun Jayaraman, Jayaraman, Narendra Modi Organizations: Investments, CNBC, International, REC, Markets Fund, Fund Locations: India, bullish

Many merchants and trade groups including the National Retail Federation opposed the accord, saying card fees would remain too high, while Visa and Mastercard would retain too much control over card transactions. The decision could force Visa and Mastercard to negotiate a settlement more favorable to merchants, or go to trial. Visa and Mastercard said they were disappointed with the outcome. Some U.S. senators have promoted legislation, the Credit Card Competition Act, to let merchants use other payment networks to process Visa and Mastercard transactions. The judge's decision does not affect an earlier $5.6 billion class action swipe fee settlement among Visa, Mastercard and about 12 million merchants.

Persons: Brendan McDermid, Margo Brodie, Brodie, Nilson, Doug Kantor, Jonathan Stempel, Deepa Babington, Leslie Adler Organizations: Mastercard Inc, New York Stock Exchange, REUTERS, Companies, Mastercard, National Retail Federation, Visa, National Association of Convenience Stores, U.S, Merchant Discount Antitrust Litigation, Court, Eastern District of, Thomson Locations: New York City, U.S, Brooklyn, Manhattan, Eastern District, Eastern District of New York, New York

☆ Are you better off than you were four years ago? It can be a murky picture for many
▼ + stars: | 2024-06-25 | by ( Shannon Pettypiece | ) www.cnbc.com time to read: +9 min

But retirees and full-time caregivers have been unable to take advantage of a strong job market. Now, consumers are largely left with the same buying power they had four years ago rather than having seen real income gains over that time that would have helped bolster their financial picture. The outlook for the job market also varies by race with the unemployment rate at 5.6% for Black workers and 5% for Hispanic workers. Food prices have risen around 25% over the past four years while Biden was in office. The rise in food prices has disproportionately impacted lower-income households, which spend around a third of their discretionary income on food, according to a 2022 Agriculture Department survey.

Persons: Joseph Prezioso, Joe Biden, Donald Trump, Ronald Reagan, Julia Pollak, Pollak, Joseph Davis, Biden, MAGA, Julian Assange, Trump, Davis Organizations: Gloucester High School, AFP, Getty, Homeowners, ZipRecruiter, NBC, Consumer, Vanguard, NBC News, Food, Bureau of Labor statistics, Agriculture, Federal Reserve, Walmart, Aldi, Target, Gas Locations: Gloucester , Massachusetts, U.S, Arizona, Nebraska , Colorado

Citi analyst Andrew Kaplowitz upgraded his rating for the heating and ventilation company to buy from neutral. The analyst accompanied the move by upping his price target to $74 from $65, implying that shares of Carrier Global could rally 17% going forward. The financial institution raised its price target for Nvidia to $150 from $135. Analyst Erin Wright stood by her overweight rating on the health insurance stock, reiterating her $595 price target. Wright set a price target of $374, which is 23% higher than the insurance company's Friday closing price of $355.48.

Persons: Goldman Sachs, Andrew Kaplowitz, CARR, Kaplowitz, — Lisa Kailai Han, Jefferies, Blayne Curtis, kingmaker, Curtis, Lisa Kailai Han, Morgan Stanley, UnitedHealth, Morgan Stanley's, Erin Wright, Wright, Bernstein, Stephen Reitman, Ferrari, Reitman, Ferrari's, Sanjeet Aujla, Aujla, BUD, Christopher Danely, Danely, James Schneider, Schneider, Fred Imbert Organizations: CNBC, Monday, Citi, Micron Technology, IBM, Carrier Global, Carrier, Nvidia, Humana, Ferrari, UBS, Anheuser, Busch InBev It's, Busch InBev, Micron, Citi Citi, Dow Jones Industrial, Dow Locations: China, UnitedHealth, U.S, Friday's

☆ What rate cut? The Fed's next move could be a hike if inflation stays stubbornly high, legendary investor says
▼ + stars: | 2024-06-24 | by ( Filip De Mott | ) www.businessinsider.com time to read: +1 min

A rebound in inflation risks prompting another rate hike from the Fed, Rob Arnott told Bloomberg TV. The Fed's projected 25-basis point rate cut won't be enough to stimulate the economy, he noted. 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 legendary investor is forecasting that inflation will be 3.5%-5% by the end of the year, he told Bloomberg TV.

Persons: Rob Arnott, — Organizations: Fed, Bloomberg, Service, Federal Reserve, Bloomberg TV, Research, Business

☆ Gold could rally to $3,000 over the next 12-18 months, according to Bank of America
▼ + stars: | 2024-06-24 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

Gold prices could hit $3,000 per ounce over the next 12 to 18 months if demand increases among large institutional investors, according to Bank of America commodity strategists. Central bank demand is also a positive sign, according to Bank of America. Monetary authorities are planning to increase their purchases of gold, according to the World Gold Council's central bank survey . Central banks are increasing gold reserves as a hedge against inflation, according to the survey. Monetary authorities are also reducing U.S. Treasury holdings and increasing gold reserves amid worries about the dominance and health of the dollar, according to Bank of America.

Organizations: Bank of, Federal Reserve, Bullion Market, Bank of America, Monetary, World Gold, Treasury Locations: Central, China, Beijing, @GC

☆ Even in bankruptcy, Rudy Giuliani keeps his financial picture hidden. Now he might lose control of it.
▼ + stars: | 2024-06-23 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +12 min

Read previewWhen Rudy Giuliani filed for bankruptcy late last year, it gave him some room to breathe. They all flowed into a federal bankruptcy court, where creditors could negotiate for whatever funds the aging former New York City mayor had left. But if the judge were to agree with the creditors and appoint a Chapter 11 bankruptcy trustee, Giuliani would lose control of his own financial life. AdvertisementA bankruptcy trustee would control all of Giuliani's assets and would be able to sell his two homes unimpeded. Giuliani's creditors have formed a supergroup to try to dig into his finances.

Persons: —, Rudy Giuliani, Sean H, Lane, Giuliani, hasn't, mismanaging, Eric Snyder, Wilk Auslander, They've, Ruby Freeman, Shaye Moss, Noelle Dunphy, Akin Gump, Freeman, Moss, Joe Biden, didn't, TrustPoint, Smartmatic, Jacquelyn Martin, Donald Trump, Snyder, Maria Ryan, Rudy Giuliani's, Ryan couldn't, Matt Rourke Giuliani, John Catsimatidis, Biden, Barrett Prettyman, Shane Moss, Drew Angerer, isn't Organizations: Service, Systems, Business, New, New York City, Department, Dominion, Giuliani, Trump's Saving America, Rudy's, Towers Foundation, Giuliani Communications, Republican, Trump, AP, WABC, America's, Washington , DC Locations: New York, New York City, Florida, Georgia, Smartmatic, WASHINGTON, DC, Washington ,, Fulton County, Fulton, Arizona

☆ Fundstrat's Tom Lee keeps making bold stock calls — and nailing them
▼ + stars: | 2024-06-22 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

For example, a call that the S & P 500 would rise 100 points on a positive consumer price index print came true last year. That's true so far, with the S & P 500 jumping 4.8% in May after finishing April down 4.2%. As equities struggled, (the S & P 500 fell almost 20% in 2022), Lee felt like the risk of inflation was being mispriced. Because of that, he foresaw a rebound in 2023, a year that sent the S & P 500 more than 24% higher. "There was a pretty widely-held view that the Fed had to crash the economy in order to contain inflation," Lee said.

Persons: Fundstrat's Tom Lee, Lee, it's, that's, Lee doesn't, Russell, hiccups, Salomon Smith Barney Organizations: Fundstrat, CNBC Pro, Wharton School, selloff, Apple, Netflix, Nasdaq, JPMorgan

☆ A millennial who raised $24 million to invest in properties using an 80-page pitch deck shares the key to his success beyond the deck itself — and how to get started in real estate
▼ + stars: | 2024-06-22 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +5 min

At the time, he was bringing in between $25,000 and $30,000 a month from his personal real estate portfolio, he said. "I deployed that $7 million and bought about $25 million worth of property within 10 months," he told BI. His second fund closed at just under $24 million. "Put 5% down," he advised (many new investors get started with FHA loans that allow you to put down as little as 3.5%). If you maintain your current lifestyle, you can use those savings to buy a second property.

Persons: James Berkley, syndicator, Berkley, — Organizations: Service, Business Locations: Boston, New York City, Worcester , Massachusetts, Worcester, Berkeley

☆ Starboard loses initial legal fight against Autodesk, but the battle may just be beginning
▼ + stars: | 2024-06-22 | by ( Kenneth Squire | ) www.cnbc.com time to read: +10 min

Activist Commentary: Starboard is a very successful activist investor and has extensive experience helping companies focus on operational efficiency and margin improvement. With 90%+ gross margins and 35% operating margins, Autodesk is a leader in AEC software. Further, its operating margins are not much worse than those of its peers at first blush. However, Starboard correctly does not judge the company's operating margins on the mean of its peer set, but by the potential embodied in its gross margins and market position. He no longer serves on the board of Autodesk, but he could certainly be an informal advisor to Starboard – or a cautionary tale for Autodesk.

Persons: Max, Russell, Deborah Clifford, Clifford, bode, Sachem, Andrew Anagnost, designees, Rick Hill, Hill, designee, Ken Squire Organizations: Autodesk, Engineering, Manufacturing, Media, Entertainment, Manufacturing Solutions, Wonder, Delaware Chancery, —, U.S . Securities, Exchange Commission, Delaware Court, Marvell Technology, Symantec, 13D Locations: Delaware, Autodesk's

☆ How much a single person needs to earn to live alone in the 25 largest U.S. cities
▼ + stars: | 2024-06-22 | by ( Mike Winters | ) www.cnbc.com time to read: +4 min

You'll need to earn around $25 per hour to live on your own in the United States' 25 largest cities. But in nearly half of the 25 largest cities, the living wage is double that of the local minimum wage. Having employer-sponsored health insurance certainly helps: It shaves roughly $2 off the hourly living wage in the 25 largest U.S. cities, according to EPI's estimates. BostonHourly wage to cover basic costs: $34.02Hourly minimum wage: $153. DetroitHourly wage to cover basic costs: $19.70Hourly minimum wage: $10.33Want to be a successful, confident communicator?

Organizations: San, Boston, ., Seattle, Denver, Orlando, Inland, Miami, Phoenix, Tampa, Dallas, Houston, CNBC Locations: United States, That's, San Francisco, Boston, San Antonio, Detroit, . New York, Diego, Washington, Los Angeles, Atlanta, Portland , Oregon, Inland Empire, California, Chicago, Philadelphia, Baltimore, Minneapolis, St, Antonio

☆ Nvidia forms 'bearish engulfing' stock chart pattern that can sometimes mark a temporary top
▼ + stars: | 2024-06-21 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Nvidia just formed a bearish technical pattern that is signaling a reversal ahead. The red-hot chipmaker dropped 3.5% on Thursday after temporarily unseating Microsoft as the most valuable public company in the U.S. Thursday's decline marked a "bearish engulfing" pattern that often signals that the prior upward momentum is waning. Others believe the Nvidia bearish engulfing pattern, while ominous, isn't significant enough yet. The confirmation of a bearish engulfing pattern sometimes depends on the size of the candles. "The reversal of the shares was 11 cents away from clearly registering a bearish engulfing pattern.

Persons: Mark Newton, Mike O'Rourke Organizations: Nvidia, Microsoft, NVIDIA Locations: U.S

☆ Stocks making the biggest moves premarket: Gilead Sciences, Sarepta Therapeutics, Nike and more
▼ + stars: | 2024-06-21 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

The decline comes after the AI chipmaker on Tuesday briefly topped Microsoft as the most valuable public company. Nike — The athletic clothing maker moved 1% higher following an upgrade at Oppenheimer to outperform from market perform. Asana — Shares popped more than 3% after the software firm announced a $150 million share buyback plan. Gilead Sciences — The pharmaceutical stock rose more than 2.6%, building on a rally of 8.5% from the previous session. Delta Air Lines — The stock rose 0.7% following news Thursday that the airliner announced a quarterly dividend of 15 cents a share, a 50% increase from previous levels.

Persons: Oppenheimer, Gilead, LendingTree, Bernstein, Toni Sacconaghi, — CNBC's Brian Evans, Michelle Fox, Jesse Pound, Sarah Min Organizations: Nvidia, Microsoft, Sarepta Therapeutics, U.S . Food, Drug Administration, Nike, Gilead Sciences, Bloomberg, Apple —, Air Lines Locations: U.S, Gilead

☆ Stocks making the biggest moves midday: Sarepta Therapeutics, Hertz Global, Asana and more
▼ + stars: | 2024-06-21 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Hertz Global — Shares rose more than 10% after the car rental giant upsized a bond offering to $1 billion . Asana — The stock popped 10.5% after the software firm announced a share buyback plan that would cost $150 million. Nvidia — The chipmaker dropped another 1% following a 3.5% decline in the previous session. Gilead Sciences — Shares of the pharmaceutical company popped around 2%, adding to an 8.5% rally from the previous session. Palo Alto Networks — Shares rose 2.4% after D.A.

Persons: Gilead, LendingTree, Davidson, D.A, Boyd Gaming, Boyd, —, Alex Harring, Yun Li, Lisa Kailai Han, Hakyung Kim, Michelle Fox Organizations: Therapeutics, U.S . Food, Drug Administration, FDA, Hertz, Nvidia, Gilead Sciences, Bloomberg, Palo Alto, D.A, Penn Entertainment, Boyd, Reuters, Boeing Locations: U.S, Gilead, Palo, cybersecurity, Thursday's

☆ How Gen-Z buyers are changing the bridal fashion business
▼ + stars: | 2024-06-21 | by ( Yola Mzizi | ) edition.cnn.com time to read: +9 min

A bridal look from Collina Strada, presented at New York Fashion Week in September 2022. Aurora Rose/ShutterstockA bridal look from Sandy Liang, presented at New York Fashion Week in February 2023. Avalon/dpa/picture alliance/Sipa USAMillennial and Gen-Z brides-to-be like de Quesada are no longer shopping for just a wedding dress, but an entire wardrobe for pre- and post-wedding events. That breadth is propelling the global bridal wear market, which is projected to grow at a rate of 3.5 percent annually and is expected to reach $83.5 billion by 2030, according to the Global Bridal Wear Market Industry report. Efren Landaos/Sipa USAFor an emerging designer like Wiederhoeft, bridal is something of a safety net, serving as “a floating line of credit” for the rest of their business.

Persons: —, Christyne de Quesada, ” de Quesada, “, ShuShu Tong, Vera Wang, Gabriella Arango, Gucci, Collina Strada, Aurora Rose, Sandy Liang, de Quesada, it’s, ”, Caroline Crawford Patterson, Dua Lipa, Simon Porte Jacquemus, Marco Maestri, Arnold Jerocki, Crawford Patterson, Anthropologie, It’s, Jackson Wiederhoeft, Wiederhoeft, “ It’s, Efren, Millennials, Hillary Taymour, Taymour, JP Yim, Andrew Kwon's, Rodin, Andrew Kwon, Kwon, Brigitte Chartrand Organizations: The, Fashion, CNN, New York, Avalon, Cion Investment Corp, Abercrombie, Fitch, Census Bureau, Pew Research Center, Designers, ” Retailers, Ssense Locations: Venice, Italy, Mexico City, Miami, Shanghai, Florida, Dua, Charleval, France, New York, New, New York City, “, Ssense

☆ Stock market today: US stocks edge lower as AI-fueled tech rally stalls
▼ + stars: | 2024-06-21 | by ( Matthew Fox | ) www.businessinsider.com time to read: +1 min

US stocks moved slightly lower on Friday following a sharp reversal in tech stocks on Thursday. AdvertisementThe AI-fueled tech rally showed signs of exhaustion, with the stalwart Nvidia experiencing a near 7% swing in Thursday's trading session, rising as much as 3% before it finished the day lower by 3.5%. Other AI tech darlings saw sharp reversals and moved lower on Thursday, with those losses spilling over into Friday's trading session. There is rising inventory and a perceived drop in traffic that is recessionary in its level," GlobalData TS Lombard said on Thursday. Here's where US indexes stood shortly after the 9:30 a.m. opening bell on Friday:AdvertisementHere's what else is going on today:In commodities, bonds, and crypto:

Persons: GlobalData, Lombard Organizations: Nvidia, Dell, Broadcom, Micro, Federal Reserve Locations: Here's

☆ A Harvard study shows just how hard it is for renters to buy a home today
▼ + stars: | 2024-06-21 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

The multiple exceeds 9 and approaches 12 in the hottest markets, rendering them "impossibly unaffordable," per a recent study. That's according to "The State of the Nation's Housing 2024" report published by Harvard University this week. Only 6.6 million — fewer than 15% — of the 45 million renter households in the US make enough to afford the median payment. Indeed, the Harvard study found that 23% of homeowner households were "stretched worryingly thin," and more than a quarter of renters were paying at least half their incomes toward housing and utilities in 2022. Many homeowners are seeing their incomes squeezed by steeper prices and interest payments, and many renters have given up on buying a home.

Persons: —, Robert Gauthier Organizations: Service, Business, Harvard University, Survey, Consumer Finances, Harvard Locations: La Habra , California

☆ Extreme heat takes toll on outdoor workers
▼ + stars: | 2024-06-21 | by ( Alicia Wallace | ) edition.cnn.com time to read: +11 min

There’s little to no escape from sweltering temperatures for construction workers like Eva Marroquin, who cleans work sites in Austin, Texas, and has worked in the industry for 17 years. Since 2010, she’s worked closely with the Workers Defense Project, an organization that advocates for protections for low-wage, immigrant workers in the Texas construction industry. Slowing down small businessesIt’s barely just now summer, and heatwaves are already slowing down small businesses, according to Homebase, which provides payroll software to more than 100,000 small businesses, covering 2 million hourly workers. “I think anything that impacts small businesses is affecting the economy as a whole,” he said, noting how small businesses account for half the jobs in the country. For herself, the high heat is more of an inconvenience; the car’s hotter and she just needs to pack some extra water.

Persons: Eva Marroquin, ” Marroquin, Christine Bolaños, she’s, Chris Lafakis, ”, Joshua, Gina Ferazzi, Gregory P, Casey, Jenny Schuetz, Brian Snyder, aren’t, “, John Waldmann, They’re, Katie Parent, Joseph Prezioso, Greer, Denise Greer Jamerson, Norman, Greer Jamerson, you’ve, ‘, “ It’s, it’s, Tamara Lovewell, café, panini, Tamara Lovewell “, Lovewell Organizations: CNN, Capitol, Workers Defense Project, Moody’s, Federal Reserve Bank of San, Williams College, Triple, Los Angeles Times, Environmental Protection Agency, Brookings Metro, Reuters, University of California, Stanford University, Getty, National Weather Service, Ruska Coffee Company Locations: Austin , Texas, Washington ,, Texas, Federal Reserve Bank of San Francisco, Massachusetts, Joshua Tree , California, Boston, Greater Boston, AFP, Princeton , Indiana, , Maine, United States, Caribou .

☆ CNBC Daily Open: S&P 500 briefly crosses 5,500, closes lower
▼ + stars: | 2024-06-21 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. S&P 500 slips from record highThe S&P 500 briefly passed the 5,500 mark for the first time before ending the session lower. Open AI challengerAnthropic, a leading AI competitor to OpenAI, unveiled Claude 3.5 Sonnet, its most advanced AI model to date. [PRO] AI real estateCiti analysts pinpoint a "compelling emerging" real estate trend fueled by AI and nearshoring.

Persons: Gilead, Anthropic, Claude, Donald Trump's, Trump, Masato Kanda Organizations: New York Stock Exchange, CNBC, Nasdaq, Nvidia, Dow Jones, Gilead Sciences, Google, Trump Media, New, Nikkei, Bank of, Reuters, United, CSI, Citi Locations: New York City, U.S, New York, Japan, United States, Asia, Pacific

☆ Olive Garden's parent company says it's luring diners in by not raising prices as much as rivals — even if it's not offering hefty discounts
▼ + stars: | 2024-06-21 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

Read previewOlive Garden's parent company says the Italian chain is bucking industry traffic trends and luring in diners by not raising prices as much as its competitors. Despite this, Olive Garden's same-restaurant sales in the quarter fell by 1.5% year-over-year, Vennam said. Olive Garden's average prices went up by about 1% in the quarter, he said. Olive Garden is planning to increase prices by between 2.5% and 3% over the next year, Vennam said. AdvertisementBut Olive Garden's approach of focusing on low prices generally rather than offering hefty discounts was more sustainable in the long run, he said.

Persons: —, Olive, Olive Garden's, Raj Vennam, Vennam, Rick Cardenas, Chris Steak, Cardenas, Olive Garden Organizations: Service, Darden, Business, LongHorn Locations: Olive

☆ Americans could be on a tight budget this summer
▼ + stars: | 2024-06-20 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

New York CNN —Americans tend to shell out in the summer as they venture outdoors, book trips and step away from their desks. Consumers plan to spend less on away-from-home entertainment and vacations this summer, according to the 2024 KPMG Consumer Pulse Survey released Tuesday. That’s a contrast to last year when Americans shelled out on the “Barbenheimer” phenomenon, Taylor Swift and Beyoncé concert tickets and getaways. Retailers that offer Americans more bang for their buck including Ross Stores, TJ Maxx and HomeGoods-parent TJX, Dollar General and Walmart have benefitted. Americans are also feeling worse about the economy as they struggle with elevated inflation and high borrowing rates.

Persons: Taylor Swift, It’s, ”, Duleep Rodrigo, TJ Maxx, Mark Thompson, Henley, ” Hannah White, —, OpenAI’s Organizations: CNN Business, Bell, New York CNN, Pulse Survey, Commerce Department, Federal Reserve, Retailers, Ross Stores, Walmart, Abercrombie, Fitch, Williams, University, Michigan’s, Millionaires, Labour, Henley & Partners, Institute for Government, City of, Henley Private Wealth, Nvidia, Microsoft, Apple Locations: New York, Sonoma, Britain, United Kingdom, City of London

☆ Fast-food customers are shifting to casual-dining chains, Darden Restaurants CEO says
▼ + stars: | 2024-06-20 | by ( Amelia Lucas | ) www.cnbc.com time to read: +3 min

Casual-dining chains are gaining customers who have grown frustrated with higher fast-food prices, Darden Restaurants CEO Rick Cardenas said on Thursday. Chili's rolled out an ad campaign that calls out the Big Mac and other fast-food burgers for their prices. Dine Brands CEO John Peyton told CNBC in May that Applebee's has been leaning into deals to win over fast-food diners. The overall consumer price index rose 3.3% in that period. In particular, McDonald's has faced backlash from customers, social media users and even House Republicans for its higher prices.

Persons: Rick Cardenas, Darden, hasn't, Brinker, Chili's, John Peyton, Applebee's, Cardenas, McDonald's, Joe Erlinger Organizations: Darden, Brinker International, Dine Brands, CNBC, of Labor, Republicans Locations: U.S

☆ These are Wall Street's favorite Nasdaq picks for the second half
▼ + stars: | 2024-06-20 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Technology stocks have fueled market strength in 2024, and analysts are watching a group of Nasdaq 100 stocks with further upside potential ahead. Against this backdrop, CNBC Pro used its stock screener to search for Nasdaq 100 stocks that analysts expect to surge over the next 12 months. AMZN YTD mountain Amazon stock has added more than 20% in 2024. The company also beat Wall Street's revenue forecast in the first quarter and issued a higher-than-anticipated earnings outlook for the current quarter. Shares are about flat in 2024, but analysts see nearly 27% upside from current levels, per LSEG.

Persons: Alexa, Marvell, Goldman Sachs, Toshiya Hari Organizations: Nasdaq, Broadcom, Apple, Nvidia, Microsoft, CNBC Pro, CNBC, Analysts, Amazon, Marvell Technology, Wall, Marvell, PDD Holdings, Diamondback Energy

☆ McDonald’s releases a new $5 value meal to combat inflation
▼ + stars: | 2024-06-20 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —McDonald’s has revealed the details of its highly anticipated $5 value meal, which the fast food chain hopes will rev up sluggish sales and lure back customers who have cut back. Beginning June 25, McDonald’s US locations are selling a “$5 Meal Deal” for a limited time. Word of McDonald’s newest value meal was released last month in the Wall Street Journal, prompting fast food rivals to get a jumpstart on offering similar deals and attract cost-conscious eaters. Burger King, Wendy’s and even Starbucks have rolled out meal deals in recent weeks. The arrival of the McDonald’s meal deal comes at a time when the company is battling the perception that it has become too expensive.

Persons: New York CNN — McDonald’s, ”, Joe Erlinger, Burger, Erlinger, McDonald’s, “, they’re, John Palmaccio Organizations: New, New York CNN, McDonald’s, Street, Mac, ”, Advertising Fund Locations: New York, Memphis, Columbus , Ohio

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