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Yahya Sinwar (C), Palestinian leader of Hamas in Gaza Strip, greets people during an event marking the 35th anniversary of the establishment of Hamas in Gaza City, Gaza on December 14, 2022. Ali Jadallah | Anadolu | Getty ImagesHamas on Tuesday appointed Yahya Sinwar as the leader of its political wing following the assassination of its former political chief, Ismail Haniyeh. The Middle East has been on edge following the killing of Haniyeh in Iran on July 31, which Iran and Hamas blamed on Israel. In 2015 he was designated a terrorist by the U.S. government, and in 2017 he was elected the leader of Hamas. Yahya Sinwar chairs a meeting with leaders of Palestinian factions at his office in Gaza City, April 13, 2022.
Persons: Yahya Sinwar, Ali Jadallah, Ismail Haniyeh, Michael Horowitz, Le, Sinwar, , Victor Tricaud, Tricaud, Butcher, Khan, Gilad Shalit, Adel Hana, Benjamin Netanyahu, Yoav Gallant Organizations: Anadolu, Getty, intel, Le Beck, Palestinian, Israel, Hamas, CNBC, U.S ., Criminal Court Locations: Gaza, Gaza City, Haniyeh, Iran, Israel, Qatar
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBerkshire's selling of Apple was 'risk management' decision, says Glenview's Bill StoneBill Stone, chief investment officer at Glenview Trust Company, joins CNBC's 'The Exchange' to discuss Berkshire Hathaway's selling of half of their stake in Apple.
Persons: Bill Stone Bill Stone Organizations: Apple, Glenview Trust Company, Berkshire Locations: Glenview
The selling activity picked up significantly last quarter though with Berkshire offloading more than $75 billion in stocks in the period and raising the conglomerate's cash pile to a record $277 billion. Many Buffett followers view the accelerated sale of his top holdings as a pessimistic call on markets and the economy. Buffett was selling stocks last quarter when the S & P 500 rose to an all-time high in anticipation that the U.S. would skirt a recession while squashing inflation. When Buffett trimmed the Apple stake by 13% in the first quarter, he hinted at the Berkshire annual meeting in May that it was for tax reasons. But the magnitude of this selling last quarter suggests it could be more than just a tax-saving strategy.
Persons: Warren Buffett, Berkshire Hathaway, Buffett, James Shanahan, Edward Jones, Barbara Goodstein, You've, Shanahan, Ted Weschler, Todd Combs, Tim Cook's, It's, Warren, Jim Reid, Deutsche Organizations: Apple, Berkshire, America, Oracle, Dow Jones, Nikkei, U.S Locations: Berkshire, Omaha, U.S
A woman walks by the gate of the Shenzhen Stock Exchange on Aug. 20, 2020 in Shenzhen, Guangdong Province of China. VCG | Visual China Group | Getty ImagesChina is expected to appoint a senior securities official to head its second-largest bourse, four sources said, filling a role that has been vacant for the unusually long period of seven months as the securities regulator reshuffled its leadership. Li Jizun, a civil servant who is now director of the general office at the China Securities Regulatory Commission (CSRC), is set to become general manager of the 27-trillion-yuan ($3.73-trillion) Shenzhen Stock Exchange, the sources said. The CSRC and the Shenzhen exchange did not immediately respond to a faxed request for comment. Sha had worked at the securities regulator for more than two decades before taking over at the Shenzhen exchange in mid-2020, after her predecessor Wang Jianjun was promoted to the party chief role before returning to the regulator as a vice chairman.
Persons: Li Jizun, Li, Sha Yan, Sha, Wang Jianjun Organizations: Shenzhen Stock Exchange, Visual China, Getty, bourse, China Securities Regulatory Commission, State Council, Shanghai's Nasdaq, Communist Party Locations: Shenzhen, Guangdong Province of China, China, Beijing, U.S
Here are Tuesday's biggest calls on Wall Street: Loop initiates BrightView as buy Loop said it's bullish on shares of the commercial landscaping company. Evercore ISI reiterates Apple as outperform Evercore said it's bullish ahead of Apple earnings later this week. " Bank of America reiterates Roblox as buy Bank of America said it's standing by Roblox ahead of earnings on August 1. Deutsche Bank reiterates McDonald's as buy Deutsche said it's standing by the fast food giant following earnings. Bank of America reiterates Goldman Sachs as buy Bank of America said top pick Goldman Sachs has "cyclical/secular tailwinds."
Persons: Evercore, it's, Jensen Huang, Nvidia's Blackwell, Blackwell, KBW, Oppenheimer, Wells, Roblox, Tesla, McDonald's, Baird, Edward Jones, Goldman Sachs, ROE resiliency, Morgan Stanley, Wells Fargo Organizations: Apple, Citi, Nvidia, " Bank of America, of America, Barclays, UBS, Amazon, Netflix, Bank of America, JPMorgan, RBC, Tesla, Deutsche Bank, Deutsche, Whirlpool, underperform Bank of America, Abbott Laboratories, Abbott Labs, Edward, Stock, 2Q, PNC, WF
Best Pet Insurance for Senior Dogs of 2024Compare Senior Dog Pet InsuranceFinding pet insurance for a senior dog can be difficult, as many companies won't insure pets with pre-existing conditions and limit the age of the enrolled pet. Best Senior Dog Insurance for Wide-Ranging CoveragePumpkin Pet Insurance sounds more like a pet treat than an insurance company. Choosing the Right Insurance for Your Senior DogShopping for pet insurance for a senior dog brings some additional considerations compared to finding pet insurance for a puppy. Best Senior Dog Insurance FAQsDoes pet insurance cover senior dogs? Why You Should Trust Us: How We Reviewed Pet Insurance for Senior DogsTo choose the best pet insurance for senior dogs, we compared more than 14 pet insurance companies and followed our rating methodology.
Persons: they're, you'll, Trupanion, it's, Pumpkin, It's, Figo, Vanessa Selger, Kari Steere, Steere, Kelly Burch Kelly Burch, Read, Evelyn Organizations: Insurance, Senior Dogs, Pet, American Kennel, AKC, Senior, Dog Insurance, Seniors, Washington Post, The Chicago Tribune, Forbes, Facebook, Personal Finance Locations: Virginia Beach, New Hampshire, Washington
For Frank Cappelleri, technical analysis — reading charts to identify patterns in stocks and other assets — is not an art or a science. (Pro subscribers can watch the full interview, including Cappelleri's outlook on the stock market, here .) The technician, who has 25 years of experience trading stocks and analyzing chart patterns, discusses: How he started his career in technical analysis and the lessons he's learned. How he identifies what's a signal and tunes out noise from a chart. His approach to risk management — by looking at chart patterns.
Persons: Frank Cappelleri, CappThesis, CNBC's, Dominic Chu, he's
He believed Kurtz deserves credit for quickly engaging the media on Friday, apologizing, and promising solutions — even if social media users say the apology didn't come fast enough. The steps to take in a crisisGood crisis management can be boiled down to a few simple yet crucial steps, the two experts told BI. But as disruption from the CrowdStrike outage slowly lessens, many are still concerned by the in-built potential of technology-reliant systems crashing, bringing down all operations with them. Griffin said his company, which provides crisis management software, is now reviewing its plans and policies to prevent the kind of tech failure CrowdStrike experienced. "The bottom line is that crisis management is not a check the box; it is an evolution and requires continuous training, exercising, and learning to improve, especially as the nature of threats and types of incidents evolve."
Persons: , CrowdStrike, George Kurtz, Kurtz, Getty, Shawn Henry —, Sean Griffin, Griffin, Peer, it's Organizations: Service, Microsoft, Business, Windows, Madrid, Barajas, Europa Press, Disaster Tech
However, one exchange-traded fund (ETF) has done just that, beating the S & P 500 index for five consecutive years. The JPMorgan US Research Enhanced Index Equity ETF has beaten the benchmark every year since 2019 and is also outperforming in 2024. However, it wasn't until 2018 that JPMorgan decided to marry this time-tested strategy with the increasingly popular ETF structure. For instance, JPMorgan's ETF is overweight Microsoft shares by 45 basis points compared to the weighting for the stock in the iShares Core S & P 500 ETF. This extensive coverage forms the backbone of the REI strategy, according to Grassi.
Persons: Piera Elisa Grassi, Raffaele Zingone, Grassi, REI, Berkshire, we've Organizations: JPMorgan US, Equity, London Stock Exchange, Borsa Italiana, Deutsche Borse, Six Swiss Exchange, JPMorgan Asset Management, JPMorgan, JPMorgan Global, Vanguard, Berkshire Hathaway, GE Aerospace, Asset Management, CNBC Locations: United States, U.S, Grassi, iShares
“So this is going to be incredibly painful for CrowdStrike customers.”And even if your business had nothing to do with CrowdStrike, the outage still might have ruined your day. You didn’t have to be a CrowdStrike customer to get screwed by the company’s mistake, and that’s what made Friday’s outage so frustrating. But the scale of the CrowdStrike outage is once again underscoring just how interconnected the world has become through a network almost none of us understands and which is largely self-regulating. Microsoft estimated the CrowdStrike outage affected some 8.5 million Windows devices. “Our tech platforms have a mix of legacy systems coupled with modern systems, which means that the weakest link determines the overall system performance.
Persons: CNN Business ’, — didn’t, you’ve, CrowdStrike, Brian Fung, , Kevin Beaumont, underscoring, Stuart Madnick, Anil Khurana, ” Khurana, Khurana, Madnick, it’s Organizations: CNN Business, New York CNN, Blue, Microsoft, MIT Sloan School of Management, Airlines, Baratta Center, Global Business, Georgetown’s McDonough Business School, Boeing, JPMorgan Locations: New York
How money market accounts differ from savings and checking accountsWhile money market accounts are similar to savings and checking accounts in a lot of ways, there are a few ways in which they differ. In comparison, money market accounts offer good interest rates, and the best money market accounts can have interest rates over 5% APY. Additionally, the rate you get on your money market account is frequently dependent on how much money you have in your account. Just like savings accounts, money market accounts frequently put limits on how many times you can withdraw money per month. Comparing MMAs to other investment optionsWhen comparing money market accounts to investing, money market accounts have two big advantages: security and liquidity.
Persons: We've, Banks, Bobbi Rebell, it's, Rebell Organizations: Financial, FDIC, Federal Locations: Chevron
In this article CRWD Follow your favorite stocks CREATE FREE ACCOUNTwatch nowThe frequency of large-scale attacks on corporate enterprise IT is increasing. Earlier this year, AT&T had a nationwide outage attributed to a technical update. Selcuk Acar | Anadolu | Getty ImagesSingle-point failure risk management is an issue that companies need to plan for and protect against. Companies that the Chertoff Group works with are closely reviewing software development and update standards in the wake of the CrowdStrike outage. That's likely after the recent string of incidents, from AT&T to the FAA and CrowdStrike, since this type of technical failure has now been shown to impact the lives of citizens and operations of critical infrastructure on a widespread basis.
Persons: Chad Sweet, Selcuk, doesn't, Sweet, That's, Aneesh Chopra Organizations: Microsoft, FAA, Staff, Department of Homeland Security, CNBC, Anadolu, Getty, Companies, Chertoff, White House Locations: New York City, United States, Arcadia
Read previewIf you're hoping to use ChatGPT to get a leg up on job applications, you might just be shooting yourself in the foot. While companies have been leveraging AI to automatically weed out résumés, job seekers have begun responding with chatbot-generated applications to keep up — and employers are noticing. AdvertisementWhen Knutzen took his concerns to a LinkedIn post, other employers reported seeing a similar trend of a spike in AI-written job applications. "I went over to ChatGPT and I put in our live job posting, and I said give me a cover letter," Hallman told Insider. AdvertisementShe said that applicants using the same chatbot-written responses become lost among their identical competitors.
Persons: , Jakob Knutzen, Knutzen, Christina Hallman, Hallman, it's, she's, iCIMS, Gen Z, It's Organizations: Service, Business, , Fortune, Jobscan
The dollar was steady and poised to snap a two-week losing run on Friday as U.S. labour and manufacturing data kept traders pondering on when and by how much the Federal Reserve would cut rates this year. The dollar was steady and poised to snap a two-week losing run on Friday as U.S. labor and manufacturing data kept traders pondering on when and by how much the Federal Reserve would cut rates this year. The Federal Reserve is scheduled to meet at the end of July where markets anticipate a very low chance of the central bank cutting rates. Ryan Brandham, head of global capital markets for North America at Validus Risk Management, said the U.S. economy is getting closer to where a rate cut may be appropriate. In other currencies, the Australian dollar eased 0.11% to $0.66985, while the New Zealand dollar was 0.22% lower at $0.6032.
Persons: Ryan Brandham, Mary Daly, Daly, recouping, Sterling Organizations: Federal Reserve, Bank of Japan, Traders, U.S, Federal, North America, Validus Risk, Fed, Federal Reserve Bank of San Francisco, Dallas Fed, European Central Bank, ECB, Bank of England, New Zealand Locations: Tokyo, Japan, U.S, Britain
Here are the best retirement plans, calculators, investment strategies, and tips you can use to ensure your retirement savings plan is on track. Understanding retirement needsAssessing your retirement needsUnfortunately, there's no general number to aim for when saving toward retirement. Financial experts recommend delaying Social Security until you reach full retirement age (age 70). This rule states that retirees can withdraw up to 4% of their retirement savings in year one of retirement. The 4% rule in retirement planning suggests withdrawing 4% of your retirement savings each year to prevent you from prematurely running out of money for at least 30 years.
Persons: there's, you'll, doesn't, Roth, IRAs, They're, Jim Ludwick, Ludwick, Tolen Teigen, Everyone's, It's Organizations: Fidelity, Social Security, Security, Garrett Planning, Consulting, Chevron, Business Locations: U.S
In 1986, he took a hit when his department lost roughly $100 million from incorrectly predicting interest rates would rise when they in fact fell. A bad bet on interest rates cost Fink's department at First Boston $100 million in 1986. APYears later, in his 2016 commencement address to graduates of UCLA, Fink reflected on the loss. But I was even more upset with myself, because I had become complacent…too sure of what I thought I knew. "We probably should have been fired for the amount of risk we were taking during those times," he once told Crain's.
Persons: Fink, Crain's Organizations: Boston, AP, UCLA
Citigroup on Friday posted second-quarter results that topped expectations for profit and revenue on a rebound in Wall Street activity. Here's what the company reported:Earnings: $1.52 a share vs. $1.39 a share LSEG estimateRevenue: $20.14 billion vs. $20.07 billion estimateThe bank said net income jumped 10% from a year earlier to $3.22 billion, or $1.52 a share. Revenue rose 4% to $20.14 billion. JPMorgan Chase reported results earlier Friday, while Goldman Sachs, Bank of America and Morgan Stanley report next week. Correction: This article has been updated to correct that Citigroup reported revenue of $20.14 billion for the second quarter.
Persons: Jane Fraser, Fraser, JPMorgan Chase, Goldman Sachs, Morgan Stanley Organizations: Citi, Milken Institute Global Conference, Citigroup, Investment, U.S, JPMorgan, Bank of America Locations: Beverly Hills , California
I believe Salesforce shares are about to hit resistance and there's an options trade that will win if the stock falters. Salesforce (CRM) dropped an eye-popping 22% despite beating earnings estimates in its last earnings report on May 29. As is common with growth stocks, which trade at a high valuation, beating earnings estimates is important, but even more crucial is forward guidance. The trade To construct my trade, I am selling a $265 call option which happens to coincide with upside gap fill resistance and buy a $270 call option as a single unit. As long as CRM doesn't go above $265 by my expiration date, this trade will return 30% ROI in 18 short days.
Persons: Nishant Pant Organizations: CRM, CNBC, NBC UNIVERSAL
Shein logistics software is in beta testing with select supply chain customers, according to a person familiar with its plans. "Shein's software could provide unprecedented access to sensitive supply chain data, which the Chinese government could seize under its laws. This exposure poses a direct threat to U.S. supply chain integrity, making it vulnerable to exploitation and manipulation." Even with a headquarters based in Singapore, company supply chain data could be subject to seizure by the Chinese. Shein's fast rise to dominance Shein's dominance lies in the company's hyper-flexible supply chain, according to a recent report from supply chain intelligence firm Zero100.
Persons: Jade Gao, Shein, cybersecurity, Lee Kair, Kair, Dewardric McNeal, McNeal, Ram Ben Tzion, Ben Tzion, Department of Homeland Security's, Shein's, Srini Cherukuri, Chris Xu's, Zero100, Eric Fullerton, Project44 Organizations: Shein, Afp, Getty, Transportation Security Administration, U.S, Authentic Holdings, Simon Property Group, Longview Global, Obama administration's Department of Defense, CNBC, Standards Organization, Secretariat, IAF, Microsoft U.S, EU, Social, International, Uyghur Forced Labor, Department of Homeland, Border Patrol, New York, ITS Logistics, Logistics Locations: Guangzhou, China's Guangdong, Jade, China, U.S, Exiger, Shein, Asia, Singapore, Frankfurt, Germany, Xinjiang Province, Customs, York, United States
After spending two years building products at Atlassian, Garg quit his job to start his own company. However, through his efforts to start a company, Garg met Enrique Salem, a board member of Atlassian and partner at Bain Capital Ventures, the multi-stage venture fund managing over $10 billion in assets and a unit of Bain Capital. In response, Garg helped start Atlassian Access, a new identity management product that scaled to thousands of customers. AdvertisementBecoming BCV's youngest partner in under 3 years"I didn't know anything about venture," Garg said. "We are very high-touch in how we work with these companies," Garg said.
Persons: , Garg, Enrique Salem, Salem, Rak Organizations: Service, Business, Bain Capital Ventures, Bain Capital, BCV, UCLA, Atlassian, Viso Trust, BCV Labs Locations: Atlassian, Delhi, Bay, ideating
Rapid7 Managed Threat Complete is the company's flagship offering, and it includes the Rapid7 Managed Detection and Response program. Activist Commentary: Jana is a very experienced activist investor founded in 2001 by Barry Rosenstein. The firm made its name taking deeply researched activist positions with well-conceived plans for long term value. Rapid7 is a cybersecurity company that expands the expertise of its clients' security operations. In addition, to shift from pure growth to a profitable software company, Rapid7 has focused on meeting targets for $160 million in free cash flow and improved margins.
Persons: Rapid7, Jana, Barry Rosenstein, Rosenstein, Tenable, It's, Corey Thomas, Cannae, Bradstreet, Ken Squire Organizations: VM, National Security Telecommunications Advisory, Federal Reserve Bank of Boston, Foreign Relations, of Massachusetts, LPL Financial, Vanderbilt University, Francisco Partners, Sumo, Cannae Holdings, 13D Locations: Splunk, Rapid7
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Despite the overly concentrated market that's piled into mega-cap technology stocks, the bulk of gains are still coming from that sector. While some investors fear that part of the market is too rich, they also aren't sure where else to find their gains. "So looking forward, we're somewhat concerned about the concentration right now in the market with the tech sector of the S&P, which is up 15%; the tech sector is up 27%". You want to ensure broad exposure to infrastructure, which means looking for an ETF that holds the sector's biggest names.
Persons: , Mimi Duff, Duff, we're, it's, there's Organizations: Service, GenTrust's, Business, Infrastructure Investment, Jobs, Dev, Infrastructure, International Energy Agency Locations: York, Washington, Maryland
Nvidia (NVDA) is finally showing signs of profit-taking, suggesting that the entire technology sector might be ready for a breather. This could present many bearish trading setups in various stocks because of the influence Nvidia has had leading the AI bubble. For now, let's focus on making a bearish trade in the Invesco QQQ Trust , an ETF that tracks the Nasdaq 100 index. The Trade The trade structure I have chosen here is called a Bear Call Spread also known as a Call Credit Spread. As long as QQQ stays below $483 in the next 17 days, this trade will return a 38% ROI on the money risked.
Persons: Nishant Pant Organizations: Nvidia, Trust, CNBC, NBC UNIVERSAL
The launch of Jain Global has dominated industry gossip since its founder left Millennium Management, where the 53-year-old Jain was Izzy Englander's right-hand man, in late 2022. And more specifically, scalability without incremental cost," Jonathan Barton, the firm's chief operating officer, said in an interview with BI. Starting from a clean sheet of paper gave Jain Global certain advantages, said one senior banker who worked closely with the new manager as it built out its teams and systems. 3Forge, a specialty-software provider, worked with Jain Global to build the interface that connects all the systems for PMs, the risk team, and management. In five to 10 years, Jain Global hopes it won't need a sprawling business-development function because a strong talent pipeline will have developed inside the firm.
Persons: , Bobby Jain's, Jain, Izzy Englander's, It's, Morgan Stanley, Griffin's, Steve Cohen's Point72, Michael Gelband's, redemptions, Jonathan Barton, Barton, — Barton, it's, Bobby, Paul Enright, Sam Kellie, Smith, David Hochberg, Enright, Hochberg, there's, Jon Caplis, Caplis, they're Organizations: Service, Jain Global, Millennium Management, Business, UBS, Citadel, Bank of America, Meru Capital Group, Jain, Credit Suisse, Viking Global, Macquarie, Investors, Bloomberg Locations: Singapore, Balyasny, New York, Houston, London, Hong Kong, York, Lane, Meru, Asia, PivotalPath
However, our technical indicators suggest a bigger counter-trend rally could be in store for TSLA in the weeks ahead. Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein. This material is not to be reproduced or redistributed absent the written consent of Fairlead Strategies.
Persons: TSLA Organizations: Nvidia, TSLA, CNBC, NBC UNIVERSAL, Fairlead, CNBC Pro, Securities Locations: TSLA
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