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In this article BTC.CM= Follow your favorite stocks CREATE FREE ACCOUNTOmer Taha Cetin | Anadolu | Getty ImagesA major thesis around bitcoin ETFs was that financial advisors needed regulated funds like them to direct their wealthy clients to invest in bitcoin. For one, bitcoin ETFs have been hailed as the most successful ETF launches in history, with BlackRock's iShares Bitcoin Trust (IBIT) reaching $20 billion in assets under management this week, even with advisors sitting out. CNBC spoke with a dozen members of CNBC's Advisor Council, which includes Baker, to learn why so many financial planners are still down on bitcoin and bitcoin ETFs, and what could cause them to change their tune. Many hope consistent flows into bitcoin ETFs over the years can lower that volatility, but for now, it's still a deterrent for some. "Financial advisors now have a way to give clients access [to bitcoin] that's safe, reliable and regulated," said Bradley Klontz, managing principal of YMW Advisors in Boulder, Colorado.
Persons: Omer Taha Cetin, BlackRock's, I'm, Lee Baker, Baker, Ted Jenkin, , they're, It's, it's, Bradley Klontz, Cathy Curtis, bitcoin Organizations: Anadolu, Getty, Apex Financial Services, CNBC, YMW Advisors, Partners, Curtis Financial Locations: bitcoin, Atlanta, Boulder , Colorado, Oakland , California
“Today’s verdict does not change the fact that the American people face a simple reality,” said campaign communications director Michael Tyler. Convicted felon or not, Trump will be the Republican nominee for president,” Tyler said. Supporters hold placards and flags following the announcement of the verdict in Trump's criminal trial. Or, the guilty verdict could play into Biden’s campaign theme that his predecessor is too corrupt and extreme to serve as president again. In another age, a guilty verdict would have immediately ended Trump’s campaign.
Persons: Donald Trump’s, ” Trump, foreperson, Trump, , Joe Biden’s, , Michael Tyler, Donald Trump, ” Tyler, he’s, he’ll, he’d, jubilation, He’s, Biden, Andrew Kelly, ignominy, Timothy Naftali, ” Naftali, Stormy Daniels, , Attorney Alvin Bragg, Prosecutors, Michael Cohen, Todd Blanche, CNN’s Kaitlan Collins, Eric Trump, Justin Lane, Elise Stefanik, Joe Biden, ” Stefanik, Mike Johnson, South Carolina Sen, Lindsey Graham, ” Graham, Larry Hogan, who’s, ” Hogan, Chris LaCivita, hasn’t Organizations: CNN, Trump Tower, Republican, Republican National Convention, Reuters, Trump, Manhattan, Attorney, Manhattan Criminal, New York, GOP, , Louisiana Republican, Senate, Locations: United States, New York, York, America, South Carolina
It was Treva Harris, Azar's mother, who hosted the prom party of the year. "I'm kind of in awe about how much attention this has gotten," Treva told Business Insider. I thought it was baby blue," Treva told BI. "And the best part is that Azar didn't know what she was walking out to. "We have requests for prom send-offs up to 2028, and I'm like, 'You guys don't even know what date the prom is yet!'"
Persons: , Azar Harris didn't, Azar, Treva Harris, Azar's, Treva, Gen Z, Azar Harris, Ray Valdez Treva, Muhammad, Muhammad's, Ray Valdez, Azar didn't, we're Organizations: Service, Philadelphia, Business, Teen Vogue Locations: Philadelphia
Nvidia could soon become the world's most valuable company. That's despite the chipmaker being no household name or big consumer brand such as Apple or Amazon. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . It's now worth more than Amazon (about $1.9 trillion) and Alphabet ($2.1 trillion), and could soon leapfrog Apple ($2.9 trillion) and even Microsoft ($3.1 trillion). This story is available exclusively to Business Insider subscribers.
Persons: Organizations: Nvidia, Service, Apple, Microsoft, Business
Watch Friday's full episode of Fast Money — May 31, 2024
  + stars: | 2024-05-31 | 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 EmailWatch Friday's full episode of Fast Money — May 31, 2024"Fast Money" is America's post-market show. Hosted by Melissa Lee and a roundtable of top traders, "Fast Money" breaks through the noise of the day, to bring you the actionable news that matters most to investors.
Persons: Melissa Lee
Popularized by the book "Attached: The New Science of Adult Attachment and How It Can Help You Find — and Keep — Love," attachment style refers to the psychological explanation for how we bond with other humans. Anxious people are often preoccupied with their relationships and tend to worry about their partner's ability to love them back. people are often preoccupied with their relationships and tend to worry about their partner's ability to love them back. About 40% of people in the U.S. report having a secure attachment style, according to a 2023 poll of 1,000 American adults. If you use these five phrases, you are probably more secure in your relationships than most.
Persons: Amir Levine, Rachel Heller, Judy Ho Organizations: Pepperdine University, CNBC Locations: U.S
An aerial view of construction sites and new residential developments in the Nanchuan area of Xining, Qinghai province, China. China has fined China Evergrande's onshore flagship unit 4.18 billion yuan ($577 million) for fraudulent bond issuance and illegal information disclosure, the China Securities Regulatory Commission (CSRC) said on Friday. The regulator also fined Evergrande founder Hui Ka Yan 47 million yuan and barred him from the securities market for life, according to a statement. "The maximum fine (against Hengda) is the most severe since the unified law enforcement of the bond market," said CSRC, adding it had considered Hengda's bond issuance size and mandate to complete home constructions for buyers when making the decision. China is weighing imposing a record fine of at least 1 billion yuan on PricewaterhouseCoopers LLP and suspending some of the auditor's local operations over its role in auditing Evergrande, Bloomberg News reported on Thursday.
Persons: Hui Ka, Evergrande Organizations: China, China Securities Regulatory Commission, Evergrande, Hui Ka Yan, PricewaterhouseCoopers LLP, Bloomberg Locations: Nanchuan, Xining, Qinghai province, China, Hong Kong
AdvertisementThe already-frenetic SEO community went into overdrive, with social-media sites and industry forums buzzing over the trove. "This is another level of war between SEOs and Googlers," said Lily Ray, ​​a vice president at the SEO agency Amsive. Those crawlers are designed to ensure Google's search results return the most relevant and up-to-date information to the user. Some business owners have reported catastrophic website-traffic drops following two recent major Google Search algorithm updates in the span of months, while sites such as Reddit and Quora have flooded the top of search results pages. Google's response was met with an equally dubious one from the search community.
Persons: , Lily Ray, ​ ​, Erfan Azimi, Azim, we've, Azimi, We've, Gareth Hoyle, SEOs, Prabhakar Raghavan, Grace Frohlich, Michael King, King, Solís, Amsive's Ray, Sundar Pichai, JOSH EDELSON, Rand Fishkin, SparkToro, Eric Hoover, Hoover Organizations: Service, Google, Business, EA Eagle Digital, Marketing Signals, Google's Department, Justice, Chrome, coy, iPullRank, YouTube Locations: SEOs
Have you ever felt like everyone else in the room is smarter than you are? That might not be a bad thing, according to John Lombard, CEO of IT firm NTT Data in the Asia Pacific. "You don't have to be the smartest person in the room," he told CNBC's "My Biggest Lessons." "Always employ people that you think are smarter than you are." They have a knack for challenging the status quo, rather than simply accepting the norm, Lombard noted.
Persons: John Lombard, CNBC's, Lombard Organizations: NTT Data Locations: Asia
Jane Bernhard Columbia Business SchoolI have always been a very driven and creative person. I graduated with a BFA in Musical Theater and continued my work in theater and television acting through my 20s. It took an immense toll on my personal life, which was completely pushed to the side as new opportunities came up. Conventional consulting doesn’t work for me, but I realized having my own consulting business does — so I started one. And if I find a job elsewhere down the line that aligns with my priorities, I may open that door.
Persons: Jane Bernhard, Organizations: Columbia Business School, LinkedIn, CNN, Jane Bernhard Columbia Business, Theater, Columbia, Twitter, Facebook
The center, a division of the National Weather Service, issued a modern geomagnetic storm watch, known as a G2, for Friday and Saturday. Unlike the G5, or extreme geomagnetic storm, that occurred on May 10, moderate storm watches are not uncommon, according to the center. But the aurora-causing solar flares and coronal mass ejections currently spewing from the sun are a result of the same sunspots that triggered solar activity in May, according to Dr. Ryan French, solar physicist at the National Solar Observatory in Boulder, Colorado. “The frequency of things is decreasing, but you only need one to cause a large geomagnetic storm. The solar storm on May 10 was the most successfully mitigated space weather storm in history, Dahl said.
Persons: Ryan French, Lokman Vural, “ It’s, , Shawn Dahl, Dahl, ” Dahl, , That’s, there’s Organizations: CNN, United, National Oceanic, Prediction, National Weather Service, Anadolu Agency, Getty, Solar Dynamics, auroras, , European Space Agency Locations: United States, Midwest, New York, Idaho, Boulder , Colorado, Rochester , New York, Sweden, South Africa
Read previewIn the fierce fight for the best and brightest across finance, tech, and more, Ken Griffin's Citadel and Citadel Securities have expanded their pursuit of the freshest talent. There's a growing awareness from top students about finance beyond the big-name banks, according to Fabian Figi, Citadel Securities' head of campus recruiting. Citadel Securities also holds a Ph.D. summit, where advanced graduate students can present their research to firm leaders. Citadel Securities CEO Peng Zhao. Tina Lu, a former Citadel Securities intern at the Wisconsin bubble, said it's a hallmark of the firm to let people prove themselves.
Persons: , Ken Griffin's, It's, We've, Matt Mitro, Goldman Sachs, There's, Fabian Figi, Griffin, Citadel's, Figi, Shehan Suresh, Peng Zhao, Suresh, Tina Lu, I've, Lu, Mitro Organizations: Service, Citadel Securities, Business, Citadel, JPMorgan Chase, New, MIT, Stanford, Georgia Tech, University of Texas, Carnegie Mellon, Oxford, Harvard, Ivy League Locations: Wisconsin, New York, Miami, Chicago, Penn, Harvard, Fort Lauderdale
I got an early impression of what company loyalty was supposed to beAfter college graduation at age 22, I got my first job at an advertising agency. And you didn't worry about jumping around for money; if you took care of the company, they'd take care of you and your family." AdvertisementHe gave them 40+ years of his life, and in return they took great care of him. The broken loyalty contract between employers and workers can be repairedIs loyalty a dated and dead concept? In fact, the shift in values from Gen-X to millennials and Gen-Z creates a great opportunity to ignite loyalty.
Persons: , I've, I'd, He'd, who'd, Gen X, Steven Piluso Organizations: Service, Business, Fortune Locations: Nantucket, Vermont
Some stocks on Wall Street are absolutely hated by analysts and investors, but their fundamentals are improving, leaving a potential buying opportunity for contrarian investors, according to UBS. Most analysts currently covering the stock have assigned it a hold rating, with predicted upside of about 16% to consensus price targets. "The iconic automaker continues to enjoy strong profits from its core markets and a policy driven investment cycle in the U.S," the analyst wrote. Most analysts have assigned Airbnb stock a hold rating. The analyst consensus has shares at a hold rating, with predictions suggesting the stock could rise an average of 26% from its Thursday close.
Persons: Jonathan Golub, Bernstein, Daniel Roeska's, Wedbush, Scott Devitt, Ben Chaiken, Jan, Chaiken, Clorox, Estee Lauder, — CNBC's Michael Bloom Organizations: UBS, Stocks, Wall, Ford Motor, Ford, Cruise, Mizuho, Pfizer, Gartner, Northern Trust
Mortgage rates have been holding relatively steady this month, though 30-year mortgage rates inched up slightly this week. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments. 15-Year Fixed Mortgage RatesAverage 15-year mortgage rates were 6.36% this week, according to Freddie Mac data, which is a 12-basis-point increase from the previous week. Now that the Fed has paused hiking rates, mortgage rates have come down a bit. Once the Fed starts cutting rates, which is likely to happen this year, mortgage rates should fall even further.
Persons: Lawrence Yun, Freddie Mac Organizations: National Association of Realtors, NAR, Zillow, Federal Reserve, Fed Locations: Chevron
Read previewFormer President Donald Trump's historic conviction on Thursday may have been in part due to mistakes made by his defense team, including not having him take the stand, legal experts told Business Insider. Though the conclusion of the case was significant, three legal experts told BI the verdict wasn't a major shock. AdvertisementHe pointed to opening statements made by Trump's lawyer, Todd Blanche, that Rahmani thought suggested an accountant would testify and serve as a fall guy. AdvertisementNot long before resting their case, the defense told the judge they were still weighing having Trump testify. Some legal experts previous said testifying would not be a good idea for Trump, with concerns that he could end up committing perjury.
Persons: , Donald Trump's, Trump, Stormy Daniels, Alex Reinert, Eric Anderson, Sullivan Wright Gizer, McRae, Donald Trump, Daniels, Neama, Todd Blanche, Michael Cohen, Trump's, Rahmani, David Pecker, Anderson, Cohen, hadn't, It's, Merchan, Biden Organizations: Service, New, Business, Cardozo School of Law, McRae LLP, West, Trial, National Enquirer, Trump Locations: New York
After a curtain call at a recent performance of “Hamilton,” Trey Curtis, who stars as Alexander Hamilton, put his arm around J. Quinton Johnson, who had played George Washington. They basked in the applause, shared a laugh and walked together offstage at the Richard Rodgers Theater. A block away, and nearly simultaneously, Vincent Jamal Hooper, who stars as Simba in “The Lion King,” was absorbing the cheers of the 1,700 theatergoers at the Minskoff Theater. It had been about a decade since the three men, now 29, had spent aimless nights in Austin, Texas, riding around in Mr. Johnson’s 2007 Jeep blasting show tunes — dreaming of plays they were still to perform in and music they were yet to write. Today, they are musical theater stars, appearing in some of the most commercially and critically acclaimed productions on Broadway.
Persons: “ Hamilton, ” Trey Curtis, Alexander Hamilton, Quinton Johnson, George Washington, Richard Rodgers, Vincent Jamal Hooper, Simba, Organizations: Richard, Richard Rodgers Theater, Broadway Locations: Austin , Texas
What is the internet of bodies?
  + stars: | 2024-05-31 | by ( Maria Gomez De Sicart | Arjun Kharpal | ) www.cnbc.com   time to read: +4 min
You've heard the term "Internet of Things" – where inanimate objects can be connected to the internet and each other. But in 2016, academic and author Dr. Andrea M. Matwyshyn took it one step further, coining the term, "Internet of Bodies," or IoB. She describes it as "a network of human bodies whose integrity and functionality rely at least in part on the Internet and related technologies, such as artificial intelligence." These devices completely merge with the body while maintaining a real-time connection to an external machine and the internet. However, there are some existing laws that could be extended to safeguard IoB data.
Persons: You've, Dr, Andrea M, Matwyshyn, Elon Musk's, Neuralink, Dick Cheney, That's Organizations: Elon Musk's Neuralink, BCI, Former U.S, and Drug Administration, Data, Intelligence Locations: Elon, U.S
And as China woke up Friday to the news of Trump’s conviction on 34 felony counts of falsifying business records, the country’s heavily censored social media lit up. Under leader Xi Jinping, China’s most assertive leader in decades, the country’s social media platforms have become increasingly dominated by anti-American, nationalistic voices. Second, can he still run for president?”But analysts say Trump’s conviction could be a tricky topic for Chinese state propagandists to navigate. So far, Chinese state media outlets have yet to publish the kind of blistering commentaries that previously appeared alongside news coverage of Trump’s legal entanglements. Alfred Wu, an associate professor at the Lee Kuan Yew School of Public Policy at the National University of Singapore, said China’s state media is unlikely to play up the coverage in the days ahead.
Persons: Donald Trump, it’s, Communist Party —, China’s, “ Trump’s, , Trump, Chuan Jianguo, “ Trump, influencers, Xi Jinping, , Hu Xijin, , Bill Bishop, Alfred Wu, Lee, they’re, Wu Organizations: CNN, Communist Party, Xinhua, Washington, Global Times, Lee Kuan Yew, of Public, National University of Singapore Locations: China, United States, Weibo, Beijing, America
Darren Van Dreel, a 58-year-old electrician from Oshkosh, Wis., has followed the twists and turns of the investigations into former President Donald Trump over the years: the Mueller report, two impeachments and a flurry of criminal cases, most of which have been mired in delays. So on Thursday evening, while he and his wife, Misty McPhee, were on a long drive from Wisconsin to the Washington, D.C., area, there was only one thing to do when the verdict came in. “I high-fived my wife,” said a grinning Van Dreel, as he waited for a sandwich on Friday morning in the liberal Del Ray neighborhood of Alexandria, Va. “I was just so pleasantly surprised that finally somebody’s holding him accountable.”When a Manhattan jury found Trump guilty of 34 counts of falsifying business records on Thursday, Trump’s campaign declared that the country had “fallen,” and his allies painted a picture of a nation consumed by rage. His supporters flooded corners of the internet with angry imagery (more on that below), and echoed his claims that the verdict was illegitimate.
Persons: Darren Van Dreel, Donald Trump, Mueller, Misty McPhee, , Van Dreel, Del, Trump, Trump’s Organizations: D.C Locations: Oshkosh, Wis, Wisconsin, Washington, , Del Ray, Alexandria, Va, Manhattan
Retired Navy Admiral Is Arrested on Bribery Charges
  + stars: | 2024-05-31 | by ( Michael Levenson | ) www.nytimes.com   time to read: +1 min
A retired four-star admiral was arrested on Friday on charges that he took part in a bribery scheme while commanding American naval forces in Europe, Russia and most of Africa, the Justice Department said. Federal prosecutors said that Robert P. Burke, 62, of Coconut Creek, Fla., who was once the Navy’s second-highest-ranking officer, steered a government contract to a company in exchange for a job at the firm with a yearly base salary of $500,000 and a grant of 100,000 stock options. The two co-chief executives of the company, Yongchul Kim, 50, who is known as Charlie, and Meghan Messenger, 47, both of New York, were also arrested and charged with taking part in the scheme, the Justice Department said. The company, which was not named in federal court documents, provided a work force training pilot program to a small part of the Navy from August 2018 through July 2019 until the Navy terminated its contract in late 2019 and directed it not to contact Admiral Burke, the Justice Department said.
Persons: Robert P, Burke, Yongchul Kim, Charlie, Meghan Messenger, Admiral Burke Organizations: Justice Department, Navy Locations: Europe, Russia, Africa, Coconut, Fla, New York
Millions of Americans worry about Social Security — whether they will get the full retirement paychecks promised to them in years to come. And many younger people believe — incorrectly, in my view — that by the time they are ready to retire, Social Security will no longer be there for them. The latest annual Social Security Trust Funds report in May said that unless action was taken, benefit cuts of roughly 20 percent would have to start in 2033. Yet when you stop and really look at the problem, it turns out that what’s required for fixing Social Security is no big deal. It’s based on hard numbers calculated by Alicia Munnell, a Boston College economics professor who is among the nation’s premier experts on Social Security.
Persons: paychecks, Alicia Munnell Organizations: Social, Social Security Trust, Boston College, Social Security Locations: Washington
The order in which the planets will align on Sunday is Jupiter, Mercury, Uranus, Mars, Neptune and Saturn, and they will be accompanied by a crescent moon. The alignment will be visible to sky-watchers everywhere, but the ideal date to see the planets with the closest alignment might differ depending on where you are in the world. Planetary alignments: What to knowIt’s important to note that this alignment is not happening in space, but just in the sky as seen from our planet. This kind of planetary alignment is in fact not rare at all. “Jupiter will be the easiest to spot, because it’ll be the brightest thing in the sky after the moon,” Pattle said.
Persons: You’ll, , James O’Donoghue, there’s, O’Donoghue, “ It’s, Kate Pattle, “ There’s, they’re, ” Pattle, , we’ll, Pattle, it’ll Organizations: CNN, University of Reading, Mercury, University College London Locations: United Kingdom, Europe, North America
Read previewFormer President Donald Trump raked in record cash after he became a convicted felon, a sign of how his legal troubles resonate with his most loyal followers. Trump's campaign did not define what small donors mean, but it typically refers to Americans who donate $200 or less. It's not a surprise that the day provided a major boost to Trump's fundraising. Last month, Trump and Republicans outraised President Joe Biden and Democrats. Senate Republicans' campaign arm said it had its biggest fundraising day of the cycle, raising $360,000 online.
Persons: , Donald Trump, Trump's, Stormy Daniels, Joe Biden, Biden, Trump, Donald Trump's, It's, Karl Rove, let's, Rove Organizations: Service, Business, Politico, Trump, Republicans outraised, Biden, Senate Republicans, Republicans, Fox News Locations: Manhattan, Trump
Jensen Huang used to worry about not having enough time to accomplish everything he wanted. These days, the billionaire Nvidia CEO and co-founder wishes he hadn't worried so much. Huang's younger self would probably disagree with him, he added — but you should be able to do everything you want if you "prioritize your time really carefully." Be strategic about identifying and focusing on the most important things that need your attention at work and at home, Huang advised. Huang joked about skipping out on sleep in order to find more time in a 2003 speech at Stanford University.
Persons: Jensen Huang, Huang Organizations: Nvidia, Microsoft, Business, Stanford University
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