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☆ Parenting tips from a dad who’s fostered 36 kids — by himself
▼ + stars: | 2023-12-01 | by ( Lucy Handley | ) www.cnbc.com time to read: +7 min

Right now, he's caring for kids aged two, three, seven, eight, 10, 17 and 19 years old, three of whom are his adopted children. "I grew up [the] poor of the poorest," Mutabazi told CNBC by video call. Becoming a solo foster fatherIt wasn't until he was 43 that Mutabazi became a foster dad. Now, on top of being a foster dad, he runs the Now I Am Known Foundation, where he does room makeovers for teenagers. Mutabazi told CNBC.

Persons: Peter Mutabazi, Peter Mutabazi Peter Mutabazi, Mutabazi, James, —, Peter Mutabazi Mutabazi, …, Ryder, Anthony Organizations: CNBC, Compassion, Foundation, Mutabazi Locations: Uganda, Kampala, Rwandan, U.S, Worth, Ethiopia, China, Brittany, United States, Oklahoma City

☆ 'You barely knew what we were actually selling': Gap CEO Richard Dickson on the brand's heavy discount strategy
▼ + stars: | 2023-12-01 | by ( Lucy Handley | ) www.cnbc.com time to read: +1 min

New Gap CEO Richard Dickson has spoken about his experience upon joining the struggling company from toy business Mattel in August. "You barely knew what we were actually selling," he said on Wednesday, describing how the firm's four apparel brands had leant heavily on promotions and discounts. Dickson was addressing an audience at Voices, a conference organized by apparel industry website The Business of Fashion, in Oxfordshire, U.K. Displayed behind him on stage was a screenshot of Gap's website where money-off messages were a prominent part, which Dickson said was typical of the company's brands "a few months ago." Dickson took on the CEO role at Gap after an almost 10-year tenure at Mattel, where he was president and chief operating officer.

Persons: Richard Dickson, Dickson, it's, Gap, Barbie Organizations: Mattel, Fashion Locations: Oxfordshire

☆ Why ‘how was school?’ isn’t a good question to ask kids. Here's what to say instead
▼ + stars: | 2023-11-17 | by ( Lucy Handley | ) www.cnbc.com time to read: +5 min

What to say right after schoolBe patient and wait until your child is ready to talk, Deiros Collado said. Only when kids are calm and their basic needs are met can they hold a meaningful conversation," Deiros Collado said. "What" is a much better way to begin, Deiros Collado said. "What did [a teacher or friend] say today?" It's also important to talk about emotions, as they can "show you a different side of your child's day," Deiros Collado said.

Persons: Courtney Hale, Dr, Linda Papadopoulos, would've, Martha Deiros Collado, Deiros Collado, Papadopoulos, Rather Organizations: CNBC

☆ A beginner's guide to investing in art — that won't break the bank
▼ + stars: | 2023-11-09 | by ( Lucy Handley | ) www.cnbc.com time to read: +10 min

Will Ramsay, founder and CEO of the Affordable Art Fair, which puts on exhibits worldwide, said collecting art is easier than people might think. However, contemporary art is likely to increase in value over the long term, Diament said. There's also a satisfaction in buying something from a living artist, Diament said. "Some people like color, other people like to focus on drawings without color … you have people who collect just one artist," Taylor said. Provenance — which refers to the history and ownership of a piece — is often an important consideration when buying art.

Persons: Nicholas Bowlby, Puja Bhatia, You've, Karen Taylor, Taylor, Maria Artool, Will Ramsay, Robert Diament, Diament, you'll, Tracey Emin, Carlotta Cardana, There's, Knight Frank, Knight, Ramsay, Eileen Agar, Jeff Spicer, George Romney, Voltaire, Magda Archer, Ella Kruglyanskaya, Carl Freedman, Benjamin Senior, Richard Parkes Bonington, Judith Burrows, he'd, It's, Artool, Isabelle Paagman, Sotheby's, Paagman, Shepard Fairey Organizations: CNBC, Fair, of, Bloomberg, Getty, Knight, Investment, Art Market Research, Whitechapel Gallery, Art, San, Wallace Locations: London, U.K, British, Austin, Berlin, Brisbane, Latvian, Britain, Venice, American, Europe, Italy, Paris, France

☆ Parenting tips from a traditional British 'Mary Poppins' nanny — from handling tantrums to limiting tablet time
▼ + stars: | 2023-11-06 | by ( Lucy Handley | ) www.cnbc.com time to read: +9 min

For every nanny who graduates, there are around 8 to 10 permanent jobs available via the Norland Agency. Knowing that she wanted to work with children, Alice explored teaching via a school internship, but felt a less structured setting would better suit her. Students at Norland College, whose uniform has been likened to Mary Poppins' outfit. Prince George's nanny, Maria Teresa Turrion Borrallo, in a formal Norland uniform, talks to Queen Elizabeth II at the Christening of Princess Charlotte of Cambridge on July 5, 2015. "But really, you're you're saying [these are] the warm weather outfits that you can wear, so you're keeping them safe, while so allowing them to be in control," she added.

Persons: Princess Charlotte of, Prince, Princess, Wales, Maria Teresa Turrion Borrallo, Queen Elizabeth II, nannies —, —, Mary Poppins, Alice, Norland, Emily Ward, Friedrich Fröbel, Norland nannies, they're, Prince George's, Chris Jackson, that's, I'm, you've Organizations: Norland, Norland Agency, CNBC, Norland College, Princess Charlotte of Cambridge, Getty Locations: Bath, Princess Charlotte of Cambridge, London, Afghanistan, New York City

☆ Thousands of Black women claim hair relaxers gave them cancer
▼ + stars: | 2023-11-04 | by ( Reuters Graphic | ) www.reuters.com time to read: +12 min

Some of the ads show Black women applying hair products before cutting to a summary of the NIH study’s findings. “We do not believe the science supports a link between chemical hair straighteners or relaxers and cancer,” Revlon said. Lead author White said in a statement in response to Reuters questions that there is currently no strong evidence linking family history of breast cancer to increased risk of uterine cancer. The sisters said they wanted their mother’s death last year following a battle with uterine cancer to mean something. Bush, the St. Louis cosmetologist, joined the litigation in August, she said, because of the possibility that hair relaxers cause cancer.

Persons: Sheila Bush, Bush, Revlon’s, ” Revlon, L’Oreal, ”, Ben Crump, George Floyd, Diandra, ” Debrosse Zimmerman, Jenny Mitchell, Crump, “ it’s, ” Crump, Louis, Jayne Conroy, don’t, Adam Zimmerman, Alexandra White, phthalates, White, Weiss, Porter Kaye Scholer, Jennifer Hoekstra, Zimmerman, “, X Ante, Quiana Hester, Ariana, Nakisha, Patrice Hester, Louis cosmetologist, Mike Spector, Richa Naidu, Kristina Cooke, Diana Novak Jones, Eve Watling, Lawrence Bryant, Alicia Powell, Angela Johnston, Lucy Ha, Vanessa O’Connell, Suzanne Goldenberg Organizations: L’Oreal, Revlon, U.S, National Institutes of Health, Reuters, NIH, Supreme, University of Southern California Gould School of Law, U.S . House, American Cancer Society, U.S . Food, Drug Administration, World Health Organization, Paul, Arnold, FDA, USC, Washington DC Locations: Louis, Olive, U.S, India, Minneapolis, Missouri, Chicago, United States, Rifkind, Baltimore, Houston, Washington, San Diego, Bush

☆ Sea turtles laid a record 52,500 nests in Florida but 99% are female
▼ + stars: | 2023-11-01 | by ( Maiya Focht | ) www.businessinsider.com time to read: +4 min

Sea turtle nests hit record highs in Florida this year, tripling last year's numbers. Most new turtles are girls, because a turtle's sex depends on the temperature they sit in as an egg. Almost 99% of new turtles are female, which means future generations could be in trouble, Joel Cohen, the director of communication at the Sea Turtle Preservation Society, told Insider. How does this happen A newly-hatched baby sea turtle makes its way into the Mediterranean Sea for the first time. So in a world that continues warming, the ratios of female to male turtles could continue to skew.

Persons: Joel Cohen, It's, Cohen, NASA's, Lucy Hawkes, " Hawkes, it's Organizations: Service, Preservation Society, NASA's Kennedy Space Center, ABC News, University of Exeter, Reuters, Oceanic, Atmospheric Administration, Florida's Miami South Beach, USA, Turtle Preservation, History, Carolinas Locations: Florida, Florida's Miami, Space

☆ Meet the 'queen of caviar' who supplies Britain’s royal family with the world's most expensive food
▼ + stars: | 2023-10-26 | by ( Lucy Handley | ) www.cnbc.com time to read: +8 min

King's Fine FoodLaura King has run a caviar business for almost 20 years — even supplying Britain's royal family with the coveted foodstuff. Now, she's known as the "caviar queen," and her firm King's Fine Food imports hundreds of kilos of caviar into the U.K. every two to three weeks. Oscietra caviar is the most popular product sold by King's Fine Food. Laura King (left), founder of King's Fine Food, with her daughter Holly King, the company's sales director. "We're two women in business, probably the only two women in the caviar business almost in the world.

Persons: Laura King, King, John King, Holly —, —, Conran, Melba, Terence Conran, retails, …, You've, you'll, I've, King's, Holly King, Mason, Queen Elizabeth II, Holly, We've Organizations: King's, CNBC, Fine Food, Harrods, Cathay Pacific, Emirates . British Airways, Foods, John King Brain, Royal Locations: London, Dorchester, British, Iran, Russia, Belgium, China

☆ U.S. chip export ban is 'great news,' says partner at Chinese tech investment fund
▼ + stars: | 2023-10-23 | by ( Lucy Handley | ) www.cnbc.com time to read: +1 min

A partner at a Chinese semiconductor investment fund has welcomed the U.S. government's ban of certain advanced chip types to be exported to China, describing the move as "great news" which may stimulate a domestic ecosystem. Nvidia's H100 chip, used by AI firms in the U.S., was banned for sale in earlier U.S. government restrictions. Wang said the fund invests in semiconductor companies, including those in the AI training and autonomous vehicle sectors. One AI chip company Yang Cheng has invested in will launch its initial public offering this year, while a Shanghai-based AI chip firm is valued at more than $3 billion, Wang added, though she didn't name the firms. "We believe those kind of upstream chipmakers — they will drive, or they will play the leading role in China, and they will create their own ecosystem," Wang added.

Persons: Chloe Wang, Yang Cheng, Wang, Nvidia Organizations: U.S, CNBC's East Tech West, U.S . Department of Commerce Locations: China, Guangzhou, Nansha, U.S, Shanghai

☆ Wind-powered cargo ships with sail-like 'wings' could reduce fuel use by 30%
▼ + stars: | 2023-10-19 | by ( Lucy Handley | ) www.cnbc.com time to read: +3 min

The Pyxis Ocean sailed from China to Brazil in September 2023, partially powered by large 'wings'. CargillA cargo ship with a difference is set to dock at the Polish port of Gdynia early next week. The wings have been folded down when the ship docked at ports on its journey. "If you can reduce the volume [of fuel] by 30% you have another gain, [in] that you don't have to put your ship all full of tanks instead of cargo capacity," Dieleman said. One of the folded-down 'wings' that helped the Pyxis Ocean sail from China to Brazil, arriving in September 2023.

Persons: Cargill, Jan Dieleman, Dieleman, we're, it's Organizations: Cargill, Transportation, CNBC Locations: China, Brazil, Gdynia, Shanghai, Paranagua, Spanish, Tenerife, Poland

☆ 'No question' that the decarbonization of shipping will contribute to inflation, says industry CEO
▼ + stars: | 2023-10-18 | by ( Lucy Handley | ) www.cnbc.com time to read: +1 min

The cost of decarbonizing the shipping industry will have a knock-on effect on consumers, according to a CEO in the maritime industry. "There will be an inflationary impact coming from [the] decarbonization of shipping … there is no question of it," Bertrand Chen, CEO of the Global Shipping Business Network, told CNBC's East Tech West conference in the Nansha district of Guangzhou, China. New European rules that effectively tax shipping lines for their emissions would push up costs, Chen added. The European Union's Emissions Trading System (ETS) is set to be extended to the shipping industry starting in January 2024, meaning that large ships entering EU ports will be charged for their carbon dioxide emissions. Chen described the EU initiative as "a natural action that will lead to some interesting effects."

Persons: Bertrand Chen, Chen Organizations: Global Shipping Business Network, CNBC's East Tech West, EU, ETS Locations: Nansha, Guangzhou, China, New

☆ I missed Beyoncé’s European tour, so I flew 4,600 miles to New Orleans to see her in concert — by myself
▼ + stars: | 2023-10-11 | by ( Lucy Handley | ) www.cnbc.com time to read: +10 min

Afterward, I listened to "Summer Renaissance," Beyoncé's reworking of one of my favorite songs, Donna Summer's 1977 disco hit "I Feel Love," on repeat. Beyoncé's daughter, Blue Ivy, dances, as her mother sings behind her on the London, U.K. leg of the Renaissance World Tour in May 2023. Virgin Hotels New Orleans, where I stayed, is only a half-mile from the Superdome stadium, and was well-prepared to host the many concertgoers who stayed there. Members of Beyoncé's Renaissance World Tour band perform at jazz club Snug Harbor in New Orleans, led by saxophonist Kat Rodriguez (second from right). Caesars Superdome stadium in New Orleans is illuminated by thousands of lights attached to audience members' wristbands during Beyoncé's Renaissance World Tour.

Persons: Beyoncé, Kevin Mazur, WireImage, Alexander McQueen, Roksanda, Roksanda Ilincic, Annie Macmanus, Donna Summer's, Blue Ivy, Beyoncé I've, I've, Redmond —, Honey Dijon, Laveau Contraire, Kat Rodriguez, Lucy Handley, Crystal Torres, Tayler Green, Danny Laurino, John Coletti, Hurricane Katrina, Willa Jean, diamante Organizations: Tottenham Hotspur, Tottenham Hotspur Stadium, Parkwood, London, Caesar's, British Airways, Southbank, Virgin Hotels, Preservation Hall, Bank, Getty, Garden, Uptown, Plantations, New, New Orleans police, Vue Orleans, Caesars Locations: London —, Instagram, London, U.K, British, Amsterdam, New Orleans , Louisiana, YOLO, New Orleans, Orleans, Virgin Hotels New Orleans, Bey, Preservation Hall , New Orleans, Snug, Faubourg Marigny, U.S, Mississippi, Louisiana, Beyoncé's

☆ ‘Dark’ ships are faking their locations to move oil around the world — and it's likely worth billions of dollars
▼ + stars: | 2023-09-26 | by ( Lucy Handley | ) www.cnbc.com time to read: +8 min

Maritime technology company Windward identified the area as a hub for smuggling oil. Cargo ships and car ferries cross the Kerch Strait, an area of "dark activity," according to marine technology company Windward. So that's definitely moved that focus into, okay, I'm now going to manipulate that signal," he told CNBC by video call. This can be done in a number of ways, a Spire spokesperson told CNBC by email. "If you're in the insurance industry, and you're not paying attention to this, you really need to start paying attention," Swift told CNBC by video call.

Persons: John Lusk, Christopher Swift, Foley, Lardner, We're, Lusk, Ami Daniel, Daniel, Good Hope, Iain Goodridge, Spire's, that's, I'm, " Goodridge, OFAC, Swift Organizations: Windward, Europa Press, Getty, Maritime Organization, AIS, Spire Maritime, Government, CNBC, Russia, Anadolu Agency, Venezuela, Spire, U.S . Treasury Department Locations: Morocco, Maritime, Ukraine, U.S, Russia, Kerch, Windward, Arabian, Venezuela, The U.S, East Asia, Angola, Venezuela's, South Africa's, Good, China, Malaysia

☆ UBS loves these electric vehicle stocks — and says one offers China's 'answer to Tesla Model 3'
▼ + stars: | 2023-09-08 | by ( Lucy Handley | ) www.cnbc.com time to read: +2 min

UBS named electric vehicle stocks it likes in China and described one car as a "Chinese answer to Tesla Model 3." It enjoyed some edge not only over foreign incumbents, but also Chinese EV startups," UBS analysts led by Paul Gong wrote in a Sept. 1 research note. UBS described the Seal model as having a large interior space, with 5G connectivity and a rotating cockpit screen. "The result is a decent alternative to Tesla Model 3 at 10-20% lower selling price," the analysts wrote. Chinese EV stocks Alongside BYD, the bank is buy-rated on Great Wall Motor , which has several EV models.

Persons: BYD, Paul Gong, — CNBC's Michael Bloom, Ganesh Rao Organizations: UBS, Tesla, China EV, Hong, Toyota, BYD, Li, Amperex Technology, Shenzhen Stock Exchange, VW, Renault Locations: China, Europe, Hong Kong

☆ HSBC names 6 'good value' Chinese tech stocks to buy — and gives one over 50% upside
▼ + stars: | 2023-09-06 | by ( Lucy Handley | ) www.cnbc.com time to read: +2 min

HSBC named six Chinese internet stocks it says to buy — predicting that each have upside of at least 27%. HSBC's picks are "opportunities with good value," the analysts led by Charlene Liu said in a research note dated Sept. 1. "PDD has the most promising but undervalued top-line growth … as a market share gainer domestically and internationally," the analysts said. Tencent , with a 35% upside according to HSBC, "delivered a strong beat in ad revenue," the analysts said. Short video app Kuaishou , a preferred stock for HSBC for its gains in advertising market share and mix of revenue streams, has a 39% upside, according to the bank.

Persons: Charlene Liu, PDD, Pinduoduo, — CNBC's Michael Bloom Organizations: HSBC, Meituan, JD.com

☆ Morgan Stanley reveals the 'next big thing' in smartphone tech and picks global stocks to buy
▼ + stars: | 2023-09-04 | by ( Lucy Handley | ) www.cnbc.com time to read: +2 min

Analysts at Morgan Stanley have said foldable handsets are the "next exciting upgrade in smartphone displays" and named several stocks set to benefit. "We regard foldable displays as the next big thing for smartphone displays," Morgan Stanley's analysts led by Derrick Yang wrote in a research note dated August 30. Samsung — which launched two folding handsets in July — is rated overweight by the bank (Morgan Stanley's overweight rating corresponds to a buy recommendation). U.S. company Corning , a Samsung supplier that makes damage-resistant Gorilla Glass, is also rated overweight by Morgan Stanley. We view Apple's entrance into foldable smartphones similarly," Morgan Stanley said.

Persons: Morgan Stanley, Morgan, Derrick Yang, Morgan Stanley's, Apple, …, Michael Bloom Organizations: Samsung, Corning, Apple Locations: U.S

☆ Bank of America: Asian buybacks just hit a 20-year high — and these stocks are a buying opportunity
▼ + stars: | 2023-09-04 | by ( Lucy Handley | ) www.cnbc.com time to read: +1 min

Analysts at Bank of America named Asian stocks with high buybacks, which they said are an opportunity for investors. "Data since Jan-90 shows Asia stocks with High Share Buybacks tend to outperform," the analysts wrote in an August 31 research note. "The proportion of Asia stocks buying back shares is at a 20-year high, suggesting increased opportunity for investors," said the analysts led by Nigel Tupper. Other Chinese stocks on BofA's list include semiconductor supplier Daqo New Energy and utilities firm Huaneng Power . Australian stocks on BofA's list included banks Westpac and National Australia Bank .

Persons: Nigel Tupper, BofA, CJ Cheil Organizations: Bank of America, Companies, Smart, New Energy, Huaneng, Catcher Tech, Westpac, National Australia Bank, Woolworths, Keppel Corp, HK Land, Swire Pacific Locations: Asia, China, Huaneng Power, South Korea, Australia, Taiwan, Hong Kong, U.S

☆ UBS says this is how to play China right now — and shares its top stock picks
▼ + stars: | 2023-08-31 | by ( Lucy Handley | ) www.cnbc.com time to read: +4 min

Analysts at UBS have detailed how to play a volatile Chinese market in the short term. Chinese internet giant Alibaba is on UBS' list, with the bank expecting it to grow faster than the overall Chinese stock market. "Potential stock price catalysts include growth from the cloud business, overseas expansion and greater operational discipline," the analysts wrote. Insurers with full pension licenses, such as Ping An, will likely enjoy a first mover advantage," the analysts wrote. Consumer stocks In consumer stocks, UBS likes Topsports International , which is Adidas ' largest retail partner globally, the bank said.

Persons: Gina Raimondo, — CNBC's Michael Bloom Organizations: UBS, Baidu, Ping An Insurance, Consumer, Topsports, Adidas, Shenzhou, Nike, KFC, China Longyuan Power, China Resources Power Locations: Asia, China

☆ 'Pain trade': UBS CIO warns of bear trap as Chinese stocks rise
▼ + stars: | 2023-08-30 | by ( Lucy Handley | ) www.cnbc.com time to read: +2 min

The recent rally in Chinese stocks could catch investors out, according to a UBS chief investment officer, who warned of a "pain trade." He added that, if the positive news continues, Chinese markets could climb further. Tactical trade However, Zuercher said there could be a "tactical trade" over the coming weeks or months, as hedge funds potentially suffer. I do think a lot of hedge funds are also probably mispositioned in this area," Zuercher said. Hedge funds often use a long-short strategy, where they buy stocks in the same sector, betting that one will go up and the other down.

Persons: Gina Raimondo, Adrian Zuercher, CNBC's, Zuercher, — CNBC's Evelyn Cheng, Elliot Smith Organizations: UBS, U.S Locations: Asia, Pacific, U.S

☆ Analysts pick 4 high-performance semiconductor stocks to play the booming market
▼ + stars: | 2023-08-29 | by ( Lucy Handley | ) www.cnbc.com time to read: +2 min

Analysts at an Asian brokerage and investment group have picked four semiconductor stocks to play the "booming demand" for high-performance chips. "This old semiconductor migration locomotive still has steam in it yet, even amid the current industry downcycle, thanks to booming demand for high-performance chips," CLST analysts Jason Tsang and Cathy Hsu said in a research note dated Aug. 23. Semiconductors are used in products like tablets and smartphones, and the Covid-19 pandemic led to high demand for such goods, resulting in a shortage of some types of chips. Analysts expect it to take market share from fellow chip manufacturer KLA. "In addition to expanding shipment volumes, demand improvement, content growth, and value add should together drive a boom in the semiconductor equipment market," the analysts wrote.

Persons: Jason Tsang, Cathy Hsu, Hynix, — CNBC's Michael Bloom, Arjun Kharpal Organizations: Semiconductors, Samsung, Samsung Electronics, Nvidia, CLST, AMD, SK Hynix Locations: Taiwan

☆ Morgan Stanley names cash-rich global stocks with 'better downside protection'
▼ + stars: | 2023-08-28 | by ( Lucy Handley | ) www.cnbc.com time to read: +2 min

Morgan Stanley named a raft of European stocks with strong balance sheets, lots of cash or high shareholder returns. High cash flow and shareholder returns The bank also screened for companies with "resilient high free cash flow." "Self-financing companies should be better able to weather any prolonged macroeconomic weakness, deploying capital effectively and seizing opportunities that come along the way," Morgan Stanley said. "Cash-rich companies with high free cash flow yields should also have better downside protection, while providing upside potential if management is able to deploy its cash effectively," the bank said. Those firms also have "positive free cash flow and net income growth expected over the next 2 years," the bank said.

Persons: Morgan Stanley, Burberry, — CNBC's Michael Bloom Organizations: CNBC, JD Sports, Sanofi, Airbus, MTU Aero Engines, SAP, WPP, Publicis Groupe, InterContinental Locations: Europe

☆ What criminal cases is Donald Trump facing?
▼ + stars: | 2023-08-25 | by ( Reuters Editorial | ) www.reuters.com time to read: 1 min

PoliticsWhat criminal cases is Donald Trump facing? PostedDonald Trump faces numerous legal troubles as he seeks the Republican nomination to face Democratic President Joe Biden in the 2024 presidential election. Here are the four criminal cases looming over the former U.S. President. Lucy Ha reports.

Persons: Donald Trump, Joe Biden, Lucy Ha Organizations: Democratic

☆ CNBC Daily Open: Jackson Hole anxiety overshadows Nvidia
▼ + stars: | 2023-08-25 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Jerome Powell, Chair of the Federal Reserve, arrives to a dinner at the start of the Jackson Hole Economic Symposium on August 24, 2023 at Grand Teton National Park near Jackson Hole, Wyoming. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Rally fizzles outU.S. stocks closed lower Thursday as an earlier Nvidia-sparked rally fizzled out, while Treasury yields climbed higher. But there are other market themes that investors should know about, according to Goldman Sachs.

Persons: Jerome Powell, paring, CNBC's Lucy Handley, Singh Puri, CNBC's Tanvir Gill, Puri, Goldman Sachs Organizations: Federal Reserve, Jackson, Grand Teton, CNBC, Nvidia, Nikkei, AMD, Intel, Petroleum, Natural Gas Locations: Jackson Hole , Wyoming, Asia, Pacific, China, Europe, India, Moscow

☆ AI, EVs and more: Goldman names 5 'compelling' stocks to play major themes — giving one 60% upside
▼ + stars: | 2023-08-25 | by ( Lucy Handley | ) www.cnbc.com time to read: +3 min

Analysts at Goldman Sachs named five stocks to play themes including artificial intelligence, electric vehicles and energy-efficiency, with two on its conviction list: Mercedes-Benz and Daikin Industries . The bank gave Mercedes' stock an estimated 48% upside to its 12-month price target. Goldman gave the stock an estimated 30% upside to its 12-month price target. The bank gave the stock an estimated 54% upside to its 12-month price target. Darling Ingredients , a feedstock and renewable diesel company in the United States, has a 60% upside to Goldman's 12-month price target, the bank said.

Persons: Goldman Sachs, Mercedes, TSMC, Goldman, firm's, Joe Biden's, — CNBC's Michael Bloom, Emma Newburger Organizations: Goldman, Benz, Daikin Industries, ICE, Mercedes, Taiwan Semiconductor Manufacturing Locations: United States, North America, Dutch

☆ Container ships are waiting at Asian ports as retailers struggle to shift excess stock
▼ + stars: | 2023-08-25 | by ( Lucy Handley | ) www.cnbc.com time to read: +5 min

As firms making goods from apparel to electronics hold excess stock, there's less of a demand to ship products. This means some vessels are waiting in ports because of sailings being "blanked," or canceled. "We are arranging a contingency plan with alternative services," MSC added. "If you fly to Singapore, you'll see all these ships outside the port … A lot of ships are parked there waiting till there are better yields," he added. Excess stockFlexport, which is at 10th place in CNBC's Disruptor 50 list, regularly surveys customers on how much stock they're holding.

Persons: Andrew Merry, It's, Sanne Manders, there's, Manders, Bernstein, Niels Rasmussen, Rasmussen, it's, Simon Heaney, Heaney Organizations: MSC, CNBC, CMA CGM, Maersk, Baltic and International Maritime Council, Shanghai Shipping Exchange, Blank, Drewry Locations: Singapore Strait, Asia, Europe, —, Singapore, East, North Europe, CNBC's

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