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Instead, Wall Street and Silicon Valley money is flowing into his re-election campaign following the ruling. “This verdict will have less than zero impact on my support,” Omeed Malik, the president of 1789 Capital and a co-host of a Trump fund-raiser last night at the Pierre hotel, told Bloomberg. “I haven’t heard anybody who gives a …,” he told CNBC of the conviction, using an expletive. Some big Silicon Valley names are doubling down. One who did is Shaun Maguire, a partner at Sequoia Capital, who gave $300,000 to the Trump campaign after the ruling, even though he acknowledged the decision could cost him friends and hurt business.

Persons: Donald Trump, ” Omeed Malik, Andy Sabin, ”, Biden, Bill Ackman, Trump, David Sacks, Shaun Maguire Organizations: Republican, Pierre, Bloomberg, CNBC, Trump, Sequoia Capital Locations: Silicon, San Francisco

☆ Gold bars and silver coins at Costco continue to be top sellers — and a cheat code for boosting its online sales
▼ + stars: | 2024-05-31 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +1 min

Gold bars and silver coins continue to show strong sales for Costco. The company sells an estimated $200 million per month of the metals. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementGold bars and silver coins had another quarter of strong sales for Costco. Analysts estimate the company sells around $200 million of gold and silver each month, and former CFO Richard Galanti has said the supply usually sells out "within hours."

Persons: —, Richard Galanti Organizations: Costco, Service, Business

☆ Here are the next drivers of Costco growth after a great quarter and a stock near records
▼ + stars: | 2024-05-31 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

Costco has multiple levers of growth at its disposal, which should lead to a further boost in the stock even after its already impressive year-to-date gains. "If you're disappointed, go to another stock," Jim Cramer said during Friday's Investing Club's Morning Meeting . Jim said investors should not be concerned about the pullback because the stock often drops the day after earnings. COST 1Y mountain COST 1-year stock performance. In addition to exceeding estimates on the top and bottom lines in its fiscal 2024 third quarter, Costco turned in a better-than-expected 6.5% comparable sales increase.

Persons: Jim Cramer, Jim, Costco, Ron Vachris, Gary Millerchip —, Millerchip, Vachris, D.A, Davidson, Redburn, Rich Galanti, it's, Jim Cramer's, John Keeble Organizations: Costco, Walmart, Kroger, Costco Logistics, CNBC, Lakeside, Getty Locations: U.S, Japan, Korea, China, Grays, United Kingdom

☆ What is a catalytic converter and why do people keep stealing them?
▼ + stars: | 2024-05-30 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +6 min

CNN —Johnny Wactor, an actor who formerly starred in “General Hospital,” caught people in the act of stealing the catalytic converter from his car Saturday. But, up to last year, catalytic converter thefts had been rising sharply, up by a factor of four, since 2020. A catalytic converter cleans a car’s exhaust, making the air safer to breathe for all of us. On its website, the US Environmental Protection Agency has called the catalytic converter “one of the great environmental inventions of all time.” But it’s not what the catalytic converter does that attracts desperate criminals. For the most part, the catalytic converters end up getting sold to recycling companies that strip out the materials to make new catalytic converters.

Persons: Johnny Wactor, ”, Wactor, It’s, they’ve, Richard Waitas, That’s, Scott Vollero, Christopher Gaines, you’ve, it’s Organizations: CNN, “, National Insurance, US Environmental Protection Agency, National Automobile Dealers Association, Recycling Locations: Angeles, California

Learn moreFor as long as I've lived in apartment buildings with older plumbing, I've relied on a water filter to make my tap water more palatable. My first choice was one of the best water filter pitchers, as it seemed easy to maintain and a cost-effective alternative to buying bottled water. Berkey Travel Berkey Water Filter System The stand-alone water filtration system uses gravity and activated charcoal filters to remove contaminants and store potable water in the 1.5-gallon lower chamber. If a freestanding filter system is too much of a commitment, consider a smaller countertop system or a filtering pitcher. Bernadette Machard de Gramont/Business InsiderThe Berkey systems are tried-and-true — I've been using the Travel Berkey at home for nearly two years now with no issues.

Persons: Bernadette Machard de, microfiltration, It's Organizations: Business, Shop, Machine

☆ Rivers in Alaska are turning orange. It’s an ‘unexpected consequence of climate change’
▼ + stars: | 2024-05-29 | by ( Fabiana Chaparro | ) edition.cnn.com time to read: +4 min

CNN —Rivers and streams in Alaska are changing color – from a clean, clear blue to a rusty orange – because of the toxic metals released by thawing permafrost, according to a new study. Ken Hill/National Park ServiceArctic soils naturally contain organic carbon, nutrients and metals, such as mercury, within their permafrost, the study says. “It’s really an unexpected consequence of climate change.”Researchers used satellite imagery to determine when the change in color happened at different rivers and streams. In Alaska’s Arctic rivers alone reside a variety of fish that are “critical for subsistence, sport, and commercial fisheries,” researchers wrote. Poulin said local communities voiced their concerns and observations to study researchers beginning seven years ago.

Persons: CNN —, “ We’re, ”, Brett Poulin, Ken Hill, Poulin, “ It’s Organizations: CNN, National Park Service, University of California, Geological Survey, Communications, Environment, UC Davis, Park Service, Water Resources Research Locations: CNN — Rivers, Alaska, Davis, Alaska’s, California, Appalachia, Alaska's Gates, Alaska’s Gates, Park Service Alaska, Chilean, Spain

☆ Gold subdued as U.S. dollar, yields firm; traders await inflation data
▼ + stars: | 2024-05-29 | by ( ) www.cnbc.com time to read: +2 min

An employee holds one kilogram gold bullion at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Gold prices edged lower on Wednesday as the U.S. dollar and Treasury yields held firm ahead of key inflation data, which could offer more clarity on the Federal Reserve's interest rate trajectory. The dollar firmed 0.1%, making gold less attractive for other currency holders, while benchmark U.S. 10-year bond yields rose to multi-week peaks. "Investors will try to position themselves in gold because overall long-term fundamentals are looking pretty strong for gold at the moment." While gold is used as a hedge against inflation, rate hikes raise the opportunity cost of holding non-yielding bullion.

Persons: Soni Kumari, Tim Waterer Organizations: Co, U.S ., Treasury, ANZ, KCM, Traders, BHP, Monetary Fund Locations: Bangkok, Thailand, U.S, China

☆ London Moves to Revive Its Reputation as a Financial Hub
▼ + stars: | 2024-05-28 | by ( Eshe Nelson | Michael J. De La Merced | ) www.nytimes.com time to read: +1 min

Shein, the online retail giant founded in China, had grand ambitions to go public in New York. The company is now focusing more on the London Stock Exchange for its initial public offering, according to two people with knowledge of the matter. That may not have been the company’s initial choice — but it would be a big win for Britain, which has been wary of its capital city losing its status as a global financial hub. A spokeswoman for Shein declined to comment; the British Treasury also declined to comment. like Shein’s could be seen as a prize that bolsters the local financial market and sets the stage for other companies to follow.

Persons: Jeremy Hunt, Shein Organizations: London Stock Exchange, Britain, British Treasury Locations: China, New York, Washington, Beijing, London, Hong Kong, Dubai, Singapore

☆ Gold, silver and copper rally has just taken a breather — new highs are not that far off, experts say
▼ + stars: | 2024-05-28 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

Gold and silver bars of various sizes lie in a safe on a table at the precious metals dealer Pro Aurum. Gold prices have been rallying to record highs, with spot gold notching a new top of $2,449.89 per ounce on Monday. Silver too hit multi-year highs earlier last week, as did industrial metal copper. Spot gold is currently trading at $2,351.3. "While geopolitical risks continued to bolster haven demand, an impressive rise in China's gold demand in Q1 2024 has largely fueled the price rally," ANZ's strategists wrote.

Persons: Silver, that's, Joni Teves, CNBC's Organizations: Aurum, U.S ., Treasury, ANZ, India, World Gold, UBS, U.S . Federal, Metals Locations: U.S, China

☆ Silver vs. gold: Bank of America names 4 ‘attractive’ ETFs to gain exposure to precious metals
▼ + stars: | 2024-05-27 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

As the price of gold hits new all-time highs and silver rallies to a multi-year high, Bank of America has identified four exchange-traded funds (ETFs) that offer attractive exposure to precious metals. The top-rated ETFs include abrdn Physical Silver Shares ETF (ticker SIVR), iShares Silver Trust (SLV), Invesco DB Precious Metals Fund (DBP) and abrdn Physical Precious Metals Basket Shares ETF (GLTR). Bank of America rated all four ETFs "more attractive" in comparison to other ETFs with similar assets. These funds reflect baskets of physical precious metals, with varying allocations to silver, gold, palladium, and platinum. abrdn Physical Silver Shares ETF SIVR is the cheapest silver fund in Bank of America's coverage, with a total expense ratio of 0.50%.

Persons: Jared Woodard, SLV, Michael Bloom Organizations: Bank of America, Precious Metals Fund, Bank of, Treasury, Bank, Precious Metals Locations: BofA

☆ Alaska's pristine rivers are turning a rusty orange even when seen from space, likely because of melting permafrost: study
▼ + stars: | 2024-05-23 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Read previewAt least 75 of Alaska's brooks and streams have been turning a dirty orange likely due to thawing permafrost, with some rivers so impacted that the discoloration can be seen via satellite, a new study says. Rivers and lakes typically have a pH value of 6.5 to 8, and acid rain has a pH value of 4.2 to 4.4. Jon O'Donnell/National Park Service"These findings have considerable implications for drinking water supplies and subsistence fisheries in rural Alaska," researchers wrote. The 75 orange streams observed were scattered across northern Alaska over a span of about 600 miles, the study said. AdvertisementAn orange tributary joins the Kuguroruk River in Alaska.

Persons: —, Jenny McGrath, Jon O'Donnell, Joshua Koch, Biden Organizations: Service, Business, Geological Survey Scientists Locations: Rivers, Kobuk, Alaska

☆ Chemical toxin exposure in the womb linked to greater health risks for children ages 6 to 11
▼ + stars: | 2024-05-23 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +11 min

CNN —Chemical toxins are everywhere — in our water, food, air and soil. Children born to European mothers exposed to four families of chemicals that disrupt the body’s endocrine (hormone) system had elevated levels of metabolic syndrome at ages 6 to 11. Metabolic syndrome can include obesity, elevated blood pressure, and abnormally high cholesterol and insulin resistance, which is a precursor to type 2 diabetes. Metabolic syndrome is typically associated with adult cardiovascular disease, type 2 diabetes and stroke, but the growing epidemic of childhood obesity has seen symptoms appearing in kids at younger and younger ages. Having metabolic syndrome as a child is highly predictive of chronic disease as an adult, experts say.

Persons: Nuria Güil, ”, Oumrait, Vicente Mustieles, Mariana Fernández, Carmen Messerlian, Messerlian, phthalates, “, Jane Houlihan, ” Houlihan, Houlihan, PFAS, EWG Organizations: CNN, Icahn School of Medicine, JAMA, Biomedical Research, University of Granada, Harvard, of Public Health, International Council for Chemical Associations, American Chemistry Council, EPA, Food, Food and Drug Administration, FDA, NSF, National Sanitation Foundation Locations: Mount Sinai, New York City, Spain, Messerlian, Chan, Boston, United States

☆ Here's what's driving the price of copper and other metals higher
▼ + stars: | 2024-05-22 | 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 EmailHere's what's driving the price of copper and other metals higherEdward Meir, Marex senior base metals analyst, joins 'Squawk Box' to discuss the recent moves in copper, if the market seems vulnerable at current levels, and more.

Persons: Edward Meir, Marex

☆ Miner Anglo American rejects third takeover offer from rival BHP Group as talks deadline extended
▼ + stars: | 2024-05-22 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +3 min

(Photo by William WEST / AFP) (Photo by WILLIAM WEST/AFP via Getty Images)LONDON — Anglo American rejected a third takeover proposal from rival BHP Group on Wednesday, as the companies agreed to extend talks deadline by one week. The British miner confirmed the third proposal from BHP offered about £29.34 per Anglo American share, based on undisturbed share prices as of market close on April 23. Shares of Anglo American were up 0.35% shortly after the announcement, while BHP shares fell over 3.4%. The combined companies would form a behemoth in copper mining and the world's largest player in the space, supplying 10% of global output, according to a Reuters analysis. Anglo rejected both previous offers, however, saying that they "significantly undervalue the company and its future prospects."

Persons: Stuart Chambers, Chambers, Duncan Wanblad Organizations: BHP, William WEST, WILLIAM WEST, Getty, BHP Group, London Stock Exchange, Limited, Iron Ore Limited, Rio Tinto Locations: Melbourne, Australian, AFP, American, London, Australia

☆ An interior designer with 14 years of experience shares the 10 decor mistakes she hates seeing in people's homes
▼ + stars: | 2024-05-22 | by ( Cheyenne Lentz | ) www.businessinsider.com time to read: +5 min

Here are the 10 decor mistakes she hates to see in other people's homes. "The drapery rod should be hung as high up as possible, close to the ceiling," Moreira said. Repeating too many of the same wood tones can make the room look one-dimensionalIt's not ideal to buy furniture in matching wood tones when decorating a room, Moreira told BI. When shopping, she said, consider the floor space you're working with as well as the architecture of the room. "You should have good traffic flow within the space, but it should never feel like it's missing a piece or feel empty," Moreira told BI.

Persons: —, Manuella Moreira, Moreira, Nightstands, Fiordaliso Organizations: Service, Business Locations: Los Angeles

☆ Fish oil supplements may cause harm, study finds. ‘Is it time to dump them?’ expert asks
▼ + stars: | 2024-05-22 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +7 min

However, a new study finds regular use of fish oil supplements may increase, not reduce, the risk of first-time stroke and atrial fibrillation among people in good cardiovascular health. Nearly one-third of those people, who were followed for an average of 12 years, said they regularly used fish oil supplements. Over-the-counter fish oil suffers from a lack of purity and consistency, as well as the potential contaminants and heavy metals such as mercury that come with fish, Freeman said. “In addition, studies over the last 10 years have not been very positive for over-the-counter fish oil,” he added. “Fish oil was either having no benefit or in some cases it may harm, such as with stroke and AFib.

Persons: ’ ”, Andrew Freeman, “, ”, Freeman, that’s, ” Freeman, sasirin, Richard Isaacson, Isaacson, Chia, ” Isaacson Organizations: CNN, Jewish Health, Costco, Food and Drug Administration, US, NSF International Locations: United States, Denver, United Kingdom, Boca Raton , Florida, Lake

☆ Tiny plastic shards found in human testicles, study says
▼ + stars: | 2024-05-21 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +7 min

CNN —Human testicles contain microplastics and nanoplastics at levels three times higher than animal testes and human placentas, a new small study found. “They look like little shards, tiny broken bits from very, very old plastics,” said Campen, a regents’ professor of pharmaceutical sciences at the University of New Mexico in Albuquerque. Researchers expected to find more plastic shards in the testicles of older men in the study, but that wasn’t the case, Campen said. “In testes, the levels of plastic was three times as much as we saw in placentas,” Campen said. In studies of pregnant mice, researchers have found plastic chemicals in the brain, heart, liver, kidney and lungs of the developing fetus 24 hours after the pregnant mother ingested or breathed in plastic particles.

Persons: ”, Matthew Campen, Campen, ” Campen, “ We’re, Adrienne Bresnahan, Kimberly Wise White, Leonardo Trasande, don’t, Trasande Organizations: CNN, micron, Sciences, University of New, Endocrine Society, Getty, American Chemistry Council, placentas, American Academy of Pediatrics, NYU Langone Health, Natural Resources Defense Council, Invest Locations: University of New Mexico, Albuquerque, United States, placentas, Beijing

☆ Four Lawmakers Denounce Plan to Ease Sanctions on Israeli Mining Executive
▼ + stars: | 2024-05-21 | by ( Eric Lipton | More About Eric Lipton | ) www.nytimes.com time to read: +1 min

A bipartisan group of four congressional lawmakers have objected to the Biden administration plan to boost access to metals needed for electric vehicle batteries by easing sanctions on an Israeli mining executive accused of corrupt practices in the Democratic Republic of Congo. The objection came as the Biden administration moves to allow Dan Gertler, an Israeli billionaire, to sell his financial stake in three mines in Congo as part of an effort to remove him from the mining trade there. Senior Biden officials have argued this will help Congo, the largest producer of cobalt in the world, by enticing more Western-leaning investors. Mr. Gertler has said that all his investments in Congo were aboveboard. But the four lawmakers — two senators and two House members — disputed that, saying the Biden administration was wrong to propose allowing Mr. Gertler to profit as he sells off his holdings in Congo.

Persons: Biden, Dan Gertler, Gertler, — Organizations: Democratic, Biden Locations: Democratic Republic of Congo, Congo

☆ The broadening of the market will drive more flows in equities, says PIMCO's Erin Browne
▼ + stars: | 2024-05-20 | 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 EmailThe broadening of the market will drive more flows in equities, says PIMCO's Erin BrownePIMCO's Erin Browne joins 'Closing Bell' to discuss what's next for the markets, the cyclical trade, and precious metals.

Persons: PIMCO's Erin Browne, Erin Browne, what's

☆ After Biden’s monster taxes, China launches its own anti-dumping probe against the US and EU
▼ + stars: | 2024-05-20 | by ( Diksha Madhok | ) edition.cnn.com time to read: +2 min

Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter, which explores what you need to know about the country’s rise and how it impacts the world. CNN —China has hinted at possible tit-for-tat action against trade barriers imposed by the United States last week, as relations between the two economic superpowers become increasingly fraught. On Sunday, China’s Ministry of Commerce said it was launching an anti-dumping probe into polyoxymethylene or POM copolymers, a thermoplastic used in various industries ranging from auto parts to electronics, imported from the US, the European Union, Taiwan and Japan. Thermoplastics are malleable when heated but become fixed in a solid shape when cooled, and can partially replace metals such as copper and zinc. The investigation should take a year to complete, but may be extended by another six months, the ministry added.

Persons: Joe Biden Organizations: CNN, United, China’s Ministry of Commerce, European Union, EV Locations: China, United States, Taiwan, Japan

☆ Here are Monday's biggest analyst calls: Nvidia, Amazon, Apple, Tesla, Dell, Micron & more
▼ + stars: | 2024-05-20 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Monday's biggest calls on Wall Street: Melius reiterates Apple as buy Melius said it sees several positive catalysts ahead for Apple. Bernstein reiterates Dell as outperform Bernstein raised its price target on the stock to $155 per share from $120. Goldman Sachs reiterates Amazon as buy Goldman said it's standing by its top pick status on shares of Amazon. " Barclays reiterates Nvidia as overweight Barclays raised its price target on Nvidia to $1,100 from $850. Morgan Stanley upgrades Micron to equal weight from underweight Morgan Stanley raised its price target on Micron to $130 per share from $98.

Persons: Melius, Bernstein, Dell, Stifel, Baird, Goldman Sachs, Goldman, –, Huntington Ingalls, it's, it's bullish, Redburn, Tesla, Morgan Stanley, Salesforce, Jefferies, Evercore, TJX Organizations: Apple, Developers, Citi, RIO, Nvidia, Barclays, Robotics, Group, Marex Group, Micron, Hasbro, U.S . Steel, UBS, Universal Health Services, JPMorgan, TJX Companies, SSS, Seaport, FedEx, US Locations: Tinto, America, Cleveland, China

A chipmaker was among Monday's biggest analyst calls along with a hospital stock. Morgan Stanley upgraded Micron Technology and raised its price target on the stock — though it sees only limited gains ahead. U.S. Steel shares have dropped more than 26% year to date. The bank upgraded the computer memory stock to equal weight from underweight and increased its price target to $130 per share from $98. He also raised hi 12-month price target to $226 from $189, implying upside of 27% from Friday's close.

Persons: Morgan Stanley, Dell, Samik Chatterjee, Bernstein, Toni Sacconaghi, DELL, — Brian Evans, Jefferies, Christopher LaFemina, LaFemina, Stifel, Ruben Roy, Baird, Tristan Gerra, Tom O'Malley, Brian Evans, Micron Technology Morgan Stanley, Morgan Stanley's, Joseph Moore, Moore, AJ Rice, Rice, Fred Imbert Organizations: CNBC, Micron Technology, UBS, Universal Health Services, JPMorgan, Dell, Jefferies, U.S, Steel, U.S . Steel, Nippon Steel's, Wall, TAM, Nvidia, Barclays Locations: U.S, Friday's

☆ Gold hits record peak as rate cut bets burnish appeal, silver jumps
▼ + stars: | 2024-05-20 | by ( ) www.cnbc.com time to read: +2 min

Gold prices hit an all-time high on Monday as a slowing U.S. inflation trend boosted expectations that the Federal Reserve could deliver its first interest rate cut soon, while silver scaled a more than 11-year peak. Spot gold was up 0.9% at $2,436.76 per ounce, as of 0340 GMT after hitting a record high of $2440.49 earlier in the session. Data last week showed signs of cooling inflation and traders now expect a 65% chance of a U.S. rate cut by September. "Gold prices sneaked in a cheeky record high ahead of China's (market) open on Monday. Spot silver rose 2.5% to $32.28 after hitting an over 11-year high.

Persons: Kyle Rodda, Bullion, Matt Simpson, Wang Tao Organizations: Fort, Federal Reserve, Index, Palladium Locations: Fort Knox Alaska, Kinross, Tetlin , Alaska, U.S, China's, China

☆ Watch CNBC’s full interview with PIMCO's Erin Browne and Payne Capital’s Courtney Garcia
▼ + stars: | 2024-05-20 | 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 CNBC’s full interview with PIMCO's Erin Browne and Payne Capital’s Courtney GarciaPIMCO's Erin Browne and Payne Capital's Courtney Garcia join 'Closing Bell' to discuss what's next for the markets, the cyclical trade, and precious metals.

Persons: PIMCO's Erin Browne, Payne Capital’s Courtney Garcia, Erin Browne, Payne Capital's Courtney Garcia, what's

☆ Indian authorities seize over $1 billion worth of illegal vote inducements, including drugs and cash, in country's elections
▼ + stars: | 2024-05-19 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +1 min

Indian authorities have seized over $1 billion in cash, drugs, and goods in the country's elections. The amount has surpassed the total seized during the whole of the last general election in 2019. 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 . AdvertisementThe Election Commission of India (ECI) said it has seized 88.9 billion rupees, or around $1.1 billion, in drugs, cash, and other goods like precious metals and liquor as part of its efforts to stamp out illegal vote inducements in the country's general election.

Persons: — Organizations: Service, of India, Indian government's Press, Business

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