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☆ Boeing Starliner, SpaceX Starship missions hit key spaceflight goals
▼ + stars: | 2024-06-08 | by ( Ashley Strickland | ) edition.cnn.com time to read: +6 min

Chris O'Meara/APAfter lifting off Wednesday, Starliner and its first human crew set a course for the International Space Station. “We’re just happy as can be to be up in space,” Williams said. “One could be a warning sign — you’re in our backyard, you better behave yourself. The dinosaur-discovering family returns to the site in July 2023 for the excavation, including (clockwise from upper left) Sam Fisher, Emalynn Fisher, Danielle Fisher, Liam Fisher, Kaiden Madsen and Jessin Fisher. They find wonder in planets beyond our solar system and discoveries from the ancient world.

Persons: Chris O'Meara, Butch Wilmore, Suni Williams, We’re, ” Williams, —, ”, Philip Riris, ” Dino, Sam Fisher, Emalynn Fisher, Danielle Fisher, Liam Fisher, Kaiden Madsen, Jessin Fisher, Jessin, Liam, Genyornis newtoni, Jacob C, newtoni, George Frandsen, Ashley Strickland, Katie Hunt Organizations: CNN, SpaceX, eventual, Boeing, Atlas, Cape Canaveral Space Force, International Space, NASA, Bournemouth University, Denver Museum of Nature, Denver Museum of Nature & Science, — Engineers, NASA’s Hubble, CNN Space, Science Locations: Florida, Starliner, Venezuela, Colombia, England, Australia, Williams , Arizona

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTech for Trump: Silicon Valley investors turn against BidenSilicon Valley investors held a mega fundraiser for former President Trump in the heart of San Francisco - what was once an overwhelmingly liberal bastion of America. It's the most visible sign yet of a growing circle of tech elites switching camps -- and they're vocal, emboldened and rich. This week on a special edition of TechCheck, we go to David Sacks' mansion, as tech shifts to Trump.

Persons: Trump, David Sacks Organizations: Tech, Trump, Silicon, Biden Locations: San Francisco, America

☆ How a Depression-era law could be used to make your booze cheaper
▼ + stars: | 2024-06-07 | by ( Matt Egan | ) edition.cnn.com time to read: +7 min

Southern Glazer’s, based in Miami and operating in 44 US states, is the largest wine and spirits distributor in the United States. Abandoned antitrust law from 1936The FTC lawsuit, previously reported by Politico, could come in the next few weeks and would rely on the Robinson-Patman Act of 1936, the source said. That Depression-era law prohibits suppliers from providing deeper discounts to large chains than to smaller stores. At the time, the antitrust law was aimed at helping smaller grocers survive when A&P and other chains dominated with lower prices. However, a person familiar with the matter said Southern Glazer’s discounts are available to all retailers where permitted by state law.

Persons: Lina Khan, Beam, Robinson, it’s, McCormick, “ It’s, It’s, hasn’t, Alden Abbott, Trump, ’, ”, Abbott, George Mason University’s, “, Patman, Ed Schwartz, Reed Smith, Lee Hepner, Hepner, Chris Jones, Jones, Schwartz, Khan Organizations: CNN, Federal Trade Commission, Southern, Biden, FTC, Politico, Walmart, Patman, RPA, Congress, American Economic Liberties, National Grocers Association, Street Competition Coalition, Southern Glazer’s Locations: Miami, United States, Southern

☆ Before the Olympics, the Fabulous French Fashion Flex
▼ + stars: | 2024-06-07 | by ( Vanessa Friedman | ) www.nytimes.com time to read: +2 min

When is a fashion show not just a fashion show? Indeed, the front-row stars are as much an attention-grabbing part of the shows as the shows themselves. In a world of fashion micro-trends, that may be the biggest trend of all. This was especially true this season, as the shows of the five big heritage French brands — Chanel, Louis Vuitton, Hermès, Dior and Balenciaga — served as de facto calling cards for the Paris Olympics, which is being touted as the most “fashion” Olympics ever. It is no coincidence that two of those brands, Louis Vuitton and Dior, are owned by LVMH, which is a top-line sponsor of the Olympics.

Persons: — Chanel, Louis Vuitton, Hermès, Dior, Balenciaga —, Bernard Arnault, Balenciaga Organizations: Paris Olympics, Dior, LVMH, Hermès Locations: China, France

☆ Jim Cramer's week ahead: Fed meeting and CPI report
▼ + stars: | 2024-06-07 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Friday guided investors through next week's most market-moving events, highlighting the Federal Reserve's meeting and the latest consumer price index report. Nvidia will implement its 10-for-1 stock split, and Cramer said shares might drop on Monday as buyers take profits. Oracle reports on Tuesday, and Cramer said he's not sure how this enterprise software company will fare. Casey's General Stores will also report that day, and Cramer said business is strong and the stock has been "a total winner." In that vein, the Fed will likely leave rates higher for longer at its Wednesday meeting, Cramer said.

Persons: CNBC's Jim Cramer, Jay Powell, Eli Lilly, Cramer, Eli Lilly's, he's, hasn't, nonfarm, He'll Organizations: Nvidia, Apple, Apple's, Conference, Vision Pro, FDA, Oracle, Casey's, Broadcom, Signet, Adobe Locations: Figma

☆ See Elon Musk's Starship shredding apart as it descends to Earth, with a whole fin almost ripping off
▼ + stars: | 2024-06-06 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +5 min

However, the spacecraft was visibly falling apart on SpaceX's livestream as it screamed through Earth's atmosphere. Falling back to Earth is extremely intenseA screengrab from SpaceX's livestream shows the fin at the beginning of Starship's fall, before it shredded. A screengrab from SpaceX's livestream of the June 6, 2024 launch shows Starship sitting atop its Super Heavy booster on the launchpad. The Super Heavy booster also practiced and successfully achieved its first soft water landing, after it separated from Starship on Thursday. SpaceX reaches a major new milestone with landing its Super Heavy booster in the Gulf of Mexico.

Persons: —, Elon Musk's, SpaceX's livestream, livestream, Musk Organizations: Service, Business, SpaceX Viewers, SpaceX, Starship, Super Locations: Elon, SpaceX's, Gulf of Mexico, Mars

☆ Mega backdoor Roth conversions can boost tax-free growth — if you avoid these mistakes
▼ + stars: | 2024-06-06 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

Mega backdoor Roth conversions can significantly boost tax-free retirement savings — but this maneuver is not available for all investors and mistakes are common, experts say. A mega backdoor Roth conversion involves after-tax 401(k) contributions, which are shifted to Roth accounts. The full 401(k) limit is $69,000 for 2024, including employee deferrals, employer matches, profit sharing and other deposits. Mega backdoor Roth conversions are "a great tool when used appropriately," but you need to know your goals first, said certified financial planner Jamie Clark, founder of Ruby Pebble Financial Planning in Seattle. More from Personal Finance:Mega backdoor Roth conversions can be a 'no brainer' for higher earners, expert saysWhy a five-day return to office is unlikely, Stanford economist saysHere's how 'spaving' could hurt your financesHere are some common mega backdoor Roth conversion mistakes and how to avoid them, according to experts.

Persons: Roth, deferrals, Jamie Clark, Stanford, Here's Organizations: Ruby, Financial, Finance, Mega Locations: Seattle

☆ Starship lands in the ocean with its engines firing for the first time, bringing Elon Musk one step closer to Mars
▼ + stars: | 2024-06-06 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +6 min

Super Heavy landed in the Gulf of Mexico minutes after lift-off. A screengrab from SpaceX's livestream of the June 6, 2024 launch shows Starship sitting atop its Super Heavy booster on the launchpad. One of the engines on SpaceX's Super Heavy booster was not lit during its fourth launch. SpaceX reaches a major new milestone by landing its Super Heavy booster in the Gulf of Mexico. SpaceXOn its next flight, SpaceX might attempt to catch the Super Heavy booster with giant "chopsticks" on its Texas launch tower.

Persons: —, Elon Musk's, Musk, Starship Organizations: Service, Super, Business, SpaceX, Starship, Starship's, of, NASA Locations: Gulf, Mexico, SpaceX's, Texas, Gulf of Mexico, Boca Chica , Texas

☆ There are 8 warning signs of a stock market bubble and 6 of them have already flashed, UBS says
▼ + stars: | 2024-06-05 | by ( Matthew Fox | ) www.businessinsider.com time to read: +5 min

UBS strategists say six out of eight signs of a stock market bubble are already flashing. In a recent note from UBS, strategist Andrew Garthwaite outlined the eight warning signs of a stock market bubble — and according to Garthwaite, six of them are already flashing. These are the eight stock market bubble warning signs, according to Garthwaite. "We can see this if we look at the TMT period when the NIPA profits fell while stock market profits rose. Extended period of limited declines - Hasn't flashedPrevious stock market bubbles saw a multi-year period of limited sell-offs of less than 20%.

Persons: —, There's, Andrew Garthwaite, Garthwaite, we're, Bubbles Organizations: UBS, Service, Federal Reserve Locations: Garthwaite, Japan

☆ We're buying more shares of this industrial company with data center and health-care exposure
▼ + stars: | 2024-06-05 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Dover shares hit a rough patch this week, falling alongside many other industrials on concerns about the health of manufacturing after the release of soft PMI numbers Monday. Dover makes thermal connectors used in the liquid cooling of data centers, a process growing in popularity due to AI. 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 . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer's, DOV, Jim Cramer, Jim Organizations: Dover, Federal, CNBC Locations: Dover, Illinois

☆ Usher says early detection could have better prepared his family for a Type 1 diabetes diagnosis—97% of caregivers agree
▼ + stars: | 2024-06-05 | by ( Renée Onque | ) www.cnbc.com time to read: +3 min

"My child was diagnosed at six [years old]," says the mega-star, who recently partnered with Beyond Type 1, an advocacy group for diabetes awareness. Type 1 diabetes is traditionally seen as "the youth version of diabetes," says Kristian Hurley, senior vice president of programs, advocacy, & health equity at Beyond Type 1. "For me, it was a bit by trial and error but I had to go through the process," to learn more about the condition, Usher Raymond IV, more commonly known as Usher, tells CNBC Make It. 88% of adults with Type 1 diabetes needed emergency care to treat symptoms before and after their diagnosis, an additional survey conducted by Beyond Type 1 shows. Similarly, 44% of caregivers for people living with Type 1 diabetes say they spent at least $10,000 for their loved one's emergency care visits.

Persons: Usher isn't, Kristian Hurley, Hurley, Raymond, Usher Raymond IV, Usher, it's Organizations: Sanofi, CNBC

☆ Wednesday, June 5, 2024: Jim Cramer breaks down how to play the rapid rise of this industrial stock
▼ + stars: | 2024-06-05 | by ( ) www.cnbc.com time to read: 1 min

Wednesday, June 5, 2024: Jim Cramer breaks down how to play the rapid rise of this industrial stockJim and Jeff discuss the big acquisition completion by this industrial stock. They also talk about the C-suite change coming for this pharmaceutical stock. Finally, they discuss this mega cap tech stock.

Persons: Jim Cramer, Jeff

☆ Nvidia hits a $3 trillion market capitalization for the first time as shares pop
▼ + stars: | 2024-06-05 | 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 EmailNvidia hits a $3 trillion market capitalization for the first time as shares popAswath Damodaran, NYU professor of finance, joins 'Closing Bell' to discuss valuations for mega cap tech companies.

Organizations: Nvidia, NYU

Fabiola Yépez, a 20-year-old mother from Venezuela, was sheltering under a bridge in Ciudad Juárez, Mexico, with her toddler son when she first learned of President Biden’s new executive order restricting asylum seekers. Despite witnessing U.S. soldiers on the other side of the border firing nonlethal projectiles at migrants the day before, she planned to attempt crossing into the United States on Wednesday, just hours after the order took effect. “Maybe it’s not like what they’re saying, and they won’t turn us back,” Ms. Yépez said. “I’m afraid, especially with my child in my arms.”In the wake of the new order, migrants scattered along the U.S.-Mexico border are trying to understand how they will be affected by the measure, the most restrictive border policy instituted by Mr. Biden. The directive allows the United States to temporarily close the border to asylum-seekers when the seven-day average for daily illegal crossings hits 2,500.

Persons: Fabiola Yépez, Biden’s, ” Ms, Yépez, “ I’m, Mr . Biden Organizations: ”, Mr Locations: Venezuela, Ciudad Juárez, Mexico, United States, U.S

☆ Nvidia surpasses Apple to become the 2nd-most-valuable company in the world
▼ + stars: | 2024-06-05 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

The ongoing AI boom helped catapult Nvidia's market valuation to $3.014 trillion. With Nvidia now bigger than Apple, the AI chip maker is just slightly behind Microsoft as the world's biggest company. Nvidia's valuation was just above $950 billion a year-ago and was about $400 billion in November 2022 when OpenAI first released ChatGPT to the public. Apple held a market valuation of $3.00 trillion Wednesday afternoon, or about $15 billion below Nvidia's current valuation. With Apple surpassed, Nvidia is behind only Microsoft, which is the world's most valuable company with a market capitalization of $3.15 trillion.

Persons: —, OpenAI, Beth Kindig, Kindig Organizations: Nvidia, Apple, Microsoft, world's, Service, Fund

☆ 9 top stocks to add to your portfolio now, according to market-beating strategists
▼ + stars: | 2024-06-05 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe record market rally has stalled in recent weeks, just as skeptics of stocks became believers. Advertisement9 stocks to put in your portfolio nowAlthough the market's path forward is murky with the pivotal US election season coming up, investors shouldn't fret. A team of BMO strategists headlined by Belski unveiled their latest US strategy portfolios in a June 3 note. For reference, the US tactical equity portfolio surged 4.9% last month, roughly in line with the S&P 500, and has outperformed by 0.9% this year and 2.8% in the last 12 months.

Persons: —, Brian Belski, hasn't, Ed Clissold, Ned Davis, he's, David Lundgren, Belski Organizations: Service, BMO Capital Markets, UBS, Business, Ned, Ned Davis Research, BMO, Microsoft, Netflix, Nvidia Locations: Montreal, BMO's US

☆ Nvidia could be set for a 30% correction as it faces 3 major headwinds, including waning demand and competition, says a senior investment researcher
▼ + stars: | 2024-06-04 | by ( Laila Maidan | ) www.businessinsider.com time to read: +6 min

"The company made a massive switch in its consumer mix," said Sandeep Rao, a senior researcher at Leverage Shares, an investment management company. As for competition, even if Nvidia's contenders appear weak, more entrants will grab market share. Beth Kindig, the CEO and lead tech analyst for the I/O Fund, estimates that AMD's market share could reach 20%. Nvidia and AMD have similar production costs since neither makes their GPUs but uses the same supplier, Taiwan Semiconductor (TSMC). "So AMD is a little bit behind in terms of performance," Rao said.

Persons: Sandeep Rao, corporates, Rao, Nvidia's, Blackwell, Rubin, AMD'sRadeon, Beth Kindig, Nvidia's Blackwell Organizations: Service, Apple, Microsoft, Business, Nvidia, Semiconductor, Nvidia Investors, AMD, Taiwan Semiconductor, Intel, Baidu Locations: China, India

☆ Mega rock engravings could be ancient borders, study suggests
▼ + stars: | 2024-06-04 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +7 min

CNN —Ancient rock engravings in what’s now South America — believed to be among the largest in the world — were meant to mark the boundaries of the territories inhabited by their makers, according to a new study. The rock art at Cerro Pintado, about 42 meters long, includes a giant snake, a human figure, a mask motif and a multilegged creature. Philip Riris et al. Monumental rock art of a snake tail in Colombia dwarfs the humans in this image. A close-up shows a detail of rock art on Picure Island, Venezuela.

Persons: South America —, Philip Riris et, ”, Philip Riris, —, Riris, they’re, ” Riris, weren’t, don’t, constricting, José Oliver, Natalia Lozada Mendieta —, Oliver, Lozada Mendieta, George Lau, Dr, Alexander Geurds, Geurds, doesn’t, ” Geurds, “ Organizations: CNN, Venezuela —, Cerro Pintado, Bournemouth University, University College London, Universidad de Los, Colombian, Venezuelan, University of East, University of Oxford Locations: what’s, South America, Venezuela, Colombia, Pintado, Cerro, Cerro Pintado, United Kingdom, Universidad de Los Andes, Americas, University of East Anglia, American

☆ A Hollywood mega-merger for Paramount is going through: reports
▼ + stars: | 2024-06-03 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

Paramount and Skydance have agreed to terms on a merger, according to multiple reports. The deal is valued at $8 billion, according to CNBC, but has yet to be signed by Shari Redstone. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAfter weeks of negotiations, a Paramount and Skydance merger is happening, according to reports in CNBC and Deadline. The deal has yet to be signed by Shari Redstone, who owns a controlling stake in Paramount, but will be formally unveiled in days, according to CNBC.

Persons: Skydance, Shari Redstone, David Ellison, —, Larry Ellison — Organizations: Paramount, CNBC, Service, RedBird Capital Partners, KKR, Business

The votes are still being counted, but this much is clear: Mexico’s leftist governing party dominated Sunday’s elections. Claudia Sheinbaum, the first woman and first Jewish person to be elected president, beat her opponent on Sunday by a stunning 30 percentage points or more, early returns show. She and her Morena party were expected to win, but they outperformed pre-election polls: She won a larger share of the vote than any presidential candidate in decades, and her party and its allies are within reach of claiming big enough majorities in Congress to enact constitutional changes that have alarmed the opposition. Preliminary results show Morena taking seven of the nine governorships up for grabs — including the most prominent, Mexico City’s — and winning supermajorities in at least 22 of the 32 state legislatures. The election served as a referendum on the nearly six-year term of Andrés Manuel López Obrador, the current president, reflecting that a solid majority of the electorate has endorsed his stewardship of the country.

Persons: Claudia Sheinbaum, Morena, —, Manuel López Obrador Locations: Morena, Mexico

☆ Uno, the card game, has been around for 52 years. It may be more popular than ever
▼ + stars: | 2024-06-03 | by ( Saira Mueller | ) edition.cnn.com time to read: +7 min

The family-favorite card game has been around for 52 years — but it may be more popular than ever. The game was recently featured in an episode of the TV series “Hacks,” when lead character Deborah Vance joins some old friends for a card game in Las Vegas, only to learn that instead of poker they’re playing Uno. It’s often there in the background in people’s homes — stacked on a shelf with other board and card games or stored in a drawer, ready for game nights and camping trips. The card game is now for sale in over 80 countries. In the first quarter of 2024, it was the second-most popular game in Circana’s traditional games category, right behind traditional Uno.

Persons: Uno, That’s, Michelle Parnett, Dwyer, ”, Morgan Coder, Kathleen Stoughton, Kim, Alisha Jucevic, Obama, Joe Jonas, Kylie Jenner, John Legend, Chrissy Teigen, Questlove, Taylor Swift, Jason Sudeikis, Deborah Vance, Lil Yachty, Uno Uno, Merle Robbins, Robbins, Parnett, Yu, Daniel Karmann, Ray Adler, Harry Potter, “, Adler, It’s, ” Adler, today’s, “ It’s Organizations: CNN, Mattel, Strong, Museum of, Uno, Washington Post, Walmart, AP, Global, of, NFL, Toy Hall of Fame Locations: Rochester , New York, Portland , Oregon, Las Vegas, Ohio

☆ Take a tour inside a Parisian hotel suite that costs $52,000 per night
▼ + stars: | 2024-06-03 | by ( ) www.cnbc.com time to read: +1 min

There are 78 rooms at Paris' Hôtel de Crillon, but only two "Les Grand Appartements." The apartments can be combined, along with an adjoining room, to make a three-bedroom mega-suite that covers 335 square meters (3,606 square feet) of the hotel's fourth floor. Famed fashion designer Karl Lagerfeld designed the interiors down to the smallest of details, the hotel's Managing Director Vincent Billiard told CNBC. There's even a "secret room," said Billiard, hidden behind a bookcase that, with a push of a button, opens to reveal a magnificent dressing room. Watch the full video to see the suite's "secret room."

Persons: Karl Lagerfeld, Vincent Organizations: Vincent Billiard, CNBC Locations: Paris, Versailles

☆ A juggernaut of the stock market's growth has hit a wall — buy these stocks instead
▼ + stars: | 2024-06-02 | by ( Jim Cramer | ) www.cnbc.com time to read: +12 min

How much do we pay for an enterprise software business that may have hit the wall, suddenly slowing down to sales growth in the high single digits from growth in the double digits? But Salesforce is the most glaring of the enterprise software behemoths, which include ServiceNow , Adobe , Workday , SAP , Intuit , and fallen star MongoDB . Or to put it another way, Salesforce needs its clients to hire more people to increase sales growth. SaaS is another form of enterprise software, is another form of applications software, is another form of kryptonite. Of course, there will be enterprise software companies that defy the slowdown.

Persons: Marc Benioff, Dow Jones, Salesforce, Ullal, Jensen Huang, that's, Thoma, —, Elon Musk's, Wells, It's, Charlie Scharf, Goldman Sachs, Dan Schulman, Bill Ready, Stanley Black, Decker, Jim Cramer's, Jim Cramer, Jim, Marlena Sloss Organizations: Oracle, Dow, Adobe, SAP, Intuit, Mad, Arista Networks, Microsoft, Nvidia, Arm Holdings, Thoma Bravo, Taiwan Semiconductor, Indy, Federal, Paypal, Fed, Jim Cramer's Charitable, CNBC, Bloomberg, Getty Locations: Norfolk Southern, Wells Fargo, Wells, Dover, Informatica

☆ Why you should calculate your own P/E and PEG ratios — and the right way to do it
▼ + stars: | 2024-06-02 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

— Bill Reed I notice that P/E ratios can be quite inconsistent and vary from site to site. Before we figure out a stock's PEG ratio, we need to calculate its compound annual growth rate or CAGR. Nvidia is trading at 41 times earnings, our equation would be 41/28.21 which equals a PEG ratio of 1.45 times. As a general rule, a PEG ratio of 1 or lower indicates you're getting future growth at a good value. Most importantly, the PEG isn't the end-all-be-all, It's just another way of thinking about valuation.

Persons: Jim Cramer, Bill Reed, Mike M, it's, Let's, It's, Jim Cramer's, Jim, Michael M Organizations: CNBC, Nvidia, Jim Cramer's Charitable, Traders, New York Stock Exchange, Santiago, Getty

Mexico is poised to elect its first female president on Sunday, a historic leap in a country long known for its machismo — and a big moment for all of North America. From the beginning of the presidential race, the only competitive candidates have been two women: the front-runner Claudia Sheinbaum, a climate scientist from the ruling Morena party, and Xóchitl Gálvez, an entrepreneur representing a coalition of opposition parties. The milestone is a reflection of the country’s complex relationship to women, who face rampant violence and rank sexism, yet are also revered as matriarchs and trusted in positions of authority. How the country got here before the United States, its biggest trading partner, has much to do with policies that forced open doors for women at every level of government, experts say.

Persons: Claudia Sheinbaum, Xóchitl Locations: Mexico, North America, United States

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