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The 2024 campaign will be the longest F1 season in history, featuring 24 race weekends. How to watch the season opener in BahrainThe 2024 season starts with the Bahrain Grand Prix after three days of testing in the Middle Eastern nation last week. Red Bull’s 2023 F1 season was the most dominant of all time. He was eventually cleared of any wrongdoing by the investigation, the team’s parent company, Red Bull GMBH, announced on Wednesday. Albon has bounced back from a disappointing spell at Red Bull in 2020 and is now a highly-sought after driver.
Persons: Max Verstappen, Lewis Hamilton’s, Hamilton, “ It’s, ” Hamilton, Mercedes, Will Buxton, Carlos Sainz, , Hamad I Mohammed, Bull, Red Bull, Mercedes ’, George Russell, Verstappen, Max, hasn’t, he’s, Lawrence Barretto, ” Verstappen, Clive Rose, we’ve, Christian Horner, Horner, “ I’m, ” Horner, Ferrari, Russell, Charles Leclerc, Alex Albon, Williams, Lando Norris, Oscar Piastri, Fernando Alonso, Aston Martin, Kimi Antonelli, Sainz, Carla Carniel, Sergio Pérez, Daniel Ricciardo –, Red Bull’s, , Aston, Haas, Albon, James Vowles, Mark Thompson, McLaren, Piastri, Norris, Dan Istitene, Alonso, Lance, Lawrence, Patrick Mahomes, Travis Kelce –, Pierre Gasly, Esteban Ocon Organizations: CNN, Bahrain, Circuit, Red Bull Racing, Prix, ESPN, Qualifying, Saudi, Mercedes, Ferrari, PETRONAS F1 Team, Scuderia Ferrari, Arrows, Reuters, Constructors, CNN Sport, Red Bull GMBH, Sky Sports, , McLaren, Silver Arrows, Bulls, Sauber, Team, Red Bull, Getty, Aston Martin’s, Kansas City Chiefs Locations: Bahrain, British, Jeddah, Saudi Arabia, Abu Dhabi, Red, Aston Martin, Thai,
Despite dashed hopes of early rate cuts, growth stocks like Nvidia continue to make new highs. "And here we are today: we've got Apple at multi-trillion dollars, Microsoft at multi-trillion dollars, Nvidia at multi-trillion dollars, and Google at over a trillion dollars." Snowflake (SNOW) helps businesses wrangle their data and build models from that data for multiple purposes, including AI. GitLab (GTLB) is an open-code platform with over a million paid users and programmers who can use AI tools to help with coding. Still, they collect customer data, and they help companies talk to their customers in a relevant and direct manner.
Persons: Jonathan Curtis, Franklin Templeton, Curtis, hadn't, ChatGPT, there's Organizations: Nvidia, Franklin Templeton Institute Global Investment Management Survey, Business, Franklin Equity Group, Apple, Microsoft, Google, Cisco, Meta, Semiconductor, Power Systems, AMD, Arista Networks
Sectors leading: Consumer staples were outperforming, led by Dow stock Walmart 's 3.5% gain. Jim Cramer said, "Walmart has tried to keep prices down, but Costco is lowering across the board. 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, Jim, Jensen Huang, Eaton, Bausch, Jim Cramer's Organizations: CNBC, Dow, Walmart, Costco, Semiconductor, Computer, Nvidia, Caterpillar, Palo Alto Networks, Realty, Bausch Health Companies, Jim Cramer's Charitable Locations: We're, homebuilding, BLCO
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere's no way to 12% growth this year, says Veritas' Greg BranchVeritas’ Greg Branch, join 'Closing Bell' to discuss the markets returning back to the bears versus the bulls and where they expect markets to go.
Persons: Branch, Greg Branch Organizations: Branch Veritas
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Veritas’ Greg Branch and NFJ Investments’ John MowreyVeritas’ Greg Branch and NFJ Investments’ John Mowrey, joins 'Closing Bell' to discuss the markets returning back to the bears versus the bulls and where they expect markets to go.
Persons: Greg Branch, John Mowrey Veritas, John Mowrey Organizations: Veritas, NFJ
The Nasdaq 100 is out of control, says Ritholtz's Josh Brown
  + stars: | 2024-02-14 | 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 Nasdaq 100 is out of control, says Ritholtz's Josh BrownJosh Brown, Ritholtz Wealth, joins 'Closing Bell' to discuss if the market response to the CPI report was a blow to the bulls of a market overreaction.
Persons: Ritholtz's Josh Brown Josh Brown
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Ritholtz's Josh Brown and T. Rowe Price’s Sebastien PageRitholtz Wealth's Josh Brown and T. Rowe Price’s Sebastien Page, join 'Closing Bell' to discuss if the market response to the CPI report was a blow to the bulls of a market overreaction.
Persons: Ritholtz's Josh Brown, Rowe Price’s Sebastien Page Ritholtz, Josh Brown, Rowe Price’s Sebastien Page
There are a few key forces forces driving the latest bitcoin euphoria, including an influx of money from investors in newly launched bitcoin exchange-traded funds and excitement over the halving, when the rate of bitcoin production is slashed. “Which is exciting because if history rhymes, the next 12-18 months is going to be a scorcher for crypto.”The halving hypeThe halving, also called the “halvening,” is a foundational concept in the bitcoin philosophy. In 2016, it was about almost 800% over that two-year period; for the 2020 halving, investors saw a 700% gain. The imminent bitcoin halving is setting up a grand chess game in the markets, Henry Robinson, co-founder of Decimal Digital Currency, said in an email. The timing of this year’s halving is also significant, coming just a few months after the US Securities and Exchange Commission approved the first spot bitcoin ETFs.
Persons: New York CNN —, Bitcoin, bitcoin, , Antoni Trenchev, Gareth Rhodes, bitcoin’s, Rhodes, Henry Robinson, ” Robinson, , it’s Organizations: New, New York CNN, New York State Department of Financial Services, Decimal, US Securities and Exchange Commission, BlackRock, Fidelity, Bloomberg Locations: New York, bitcoins
Nine hours at the most unhinged hole in golf
  + stars: | 2024-02-13 | by ( Zak Jason | ) www.businessinsider.com   time to read: +12 min
But this was Saturday at the 16th hole of Phoenix’s Waste Management Open, also known as the loudest day at the Loudest Hole in Golf, also known as the Greatest Show on Grass. “We’re so back.”In theory, this was a professional golf tournament, one of the oldest on the PGA Tour. Iwas there as an inevitable result of being in all-male group chat, its own black hole of feral manhood. Few were watching golf; most were huddled in circles many yards from the 16th hole, drinking and people-watching. That’s worth the wait.”Inside our box, golf continued to happen, but if the golfers weren’t teeing off, no one was watching the course.
Persons: seltzer, “ He’s, , , Vuori, Oxford —, there’d, Creed’s, Scott Stapp sauntering, Christian Petersen, Getty “ Scott Stapp, , Miller, George Bush, Orlando Ramirez, Getty, ” He’d, ctT5HMvIyg, Happy, Thomas Jefferson, MAGA, Him Cook, Ross D, Jesus Christ, Johnny, weren’t teeing, Hey, Potter, hal, Ben Jared, shitshow ” Organizations: Waste, Oxford, PGA, NBC, Alabama, pats, BlackRock, Bulls, WM, SEC, Happy Gilmore Bruins, Mardi Gras, Franklin, Waste Management Locations: Patagonia, Phoenix
Read previewTarget's swift and severe crackdown on workers who bought one of the trendy Stanley x Starbucks cups last month could lead to another headache — keeping its Starbucks cafés staffed up. Of the 11 recently fired Target employees who have discussed their situations in detail with Business Insider, six worked in their stores' Starbucks cafés, which operate under a license agreement with the coffee company. STLs also told BI that stores are shuffling workers between stores, as they have in the past, to help with coverage. "You have so much paperwork, you have to do so much training, you have to do everything a normal Target Team Lead does, plus all your Starbucks stuff." Barista Jessie Gage told BI she and five coworkers were fired, cutting her store's Starbucks team by half.
Persons: , STLs, Nickole Smith, weren't, Barista Jessie Gage, aren't, Christina Tavares, Dominick Reuter, Smith, It's Organizations: Service, Stanley, Starbucks, Business, BI, Target, Member Locations: Target's, Starbucks cafés
The S & P 500' s latest run to a record high last week took it through an obstacle course of macroeconomic and company-specific hazards. Stocks are not at all cheap, with the S & P 500 at 20-times year-ahead earnings, which probably will mute multi-year returns. The median S & P 500 stock is flat year to date, is up 13% over the past three months, has gained 30% off its 52-week low and is within 8% of its 52-week high. On Friday, even as a majority of stocks fell with the S & P 500 gaining 1%, there were 175 NYSE new 52-week highs compared to 54 new lows. Here are the equal-weighted industrial and consumer-discretionary sectors compared to the equal-weight S & P 5600 since just after the bear-market low in October 2022.
Persons: Stocks, Craig Johnson, Piper Sandler, it's, Steve Deppe, Jobs, Jerome Powell, Friday's, Henry McVey, KKR's, Keith Lerner Organizations: Treasury, Wealth Management, Meta, Microsoft, Truist, Equity Locations: Meta, handicapping
NEW YORK (AP) — A collection of sneakers that superstar Michael Jordan wore as he and the Chicago Bulls won six NBA championships has fetched $8 million at auction, setting a new record for game-worn sneakers, Sotheby's said. The six Air Jordan shoes — one apiece from the last games of the 1991, 1992, 1993, 1996, 1997 and 1998 championship series — sold Friday. The auction lot included photos of Jordan wearing a single shoe as he celebrated the 1992, 1993, 1996 and 1998 wins. The pair he wore in the second game of the 1998 NBA Finals was sold through Sotheby's last April for $2.2 million, a record for a pair of sneakers. The highest auction price for any Jordan memorabilia was $10.1 million for his jersey from the first game at that series, according to Sotheby's, which sold it 2022.
Persons: Michael Jordan, Sotheby's, Air Jordan, , Michael Jordan’s, Wachter, Sotheby’s, , Jordan, David Stern Organizations: Chicago Bulls, NBA, Air, longtime Bulls, Jordan, Nike, Bulls, Heritage
Friday’s winning bid for “The Dynasty Collection” reached $8,032,800, setting a new global auction record for game-worn sneakers, according to auction house Sotheby’s. The set consisted of Air Jordan VI (1991), Air Jordan VII (1992), Air Jordan VIII (1993), Air Jordan XI (1996), Air Jordan XII (1997), and Air Jordan XIV (1998). “This set represents the most valuable and significant collection of Air Jordan sneakers ever brought to market,” the auction house said on its website ahead of the auction. An exceptional player, Jordan earned the nickname “Air Jordan” because of his incredible leaping ability and acrobatic maneuvers. The Air Jordan line has been coveted by sneakerheads ever since the ex-Bulls star wore them in his rookie year – with a buoyant resale market for his range.
Persons: Michael Jordan, Friday’s, Air Jordan VI, Jordan VII, Air Jordan VIII, Air Jordan XII, Air Jordan XIV, Air Jordan, Tim Halland, Jordan, Sotheby’s, Jordan XII, Jerome Farve, Jordan ”, sneakerheads, Organizations: CNN, Basketball, Air, Chicago Bulls, Private American Collector, NBA, Utah Jazz, United Center, ex, Bulls, Nike Air Ships Locations: Halland –, Halland, Chicago , Illinois, New York
Meta Platforms (META) , formerly known as Facebook, is setting new highs following an absolute blowout earnings report and dividend initiation. META 1Y mountain Meta, 1-year For clarity, this is not a bearish view on Meta. Meta was my largest 2023 holding in the Essential 40 Stock Fund (ESSIX) portfolio that I manage. DISCLOSURES: (Long FB, sold call spread) THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY . BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.
Persons: Meta Organizations: Facebook, Meta, RSI, FB
Would you look at the quarter Amazon just delivered. One of the main highlights came from its cloud unit, Amazon Web Services (AWS), where revenue growth finally accelerated. Better yet, management's comment about how it expects accelerating AWS revenue trends to continue through 2024 should keep the bulls happy. If the AWS revenue growth acceleration continues and the company continues its progress on expanding margins, the stock should get back there. Driving this accelerating revenue growth was an increase in larger new deals while the cost optimization headwind "continued to attenuate," the company said.
Persons: Amazon's, we're, Amazon, Jim Cramer's, Jim Cramer, Jim, Mike Segar Organizations: Amazon, Revenue, LSEG, Amazon Web Services, Microsoft, AWS, Management, Prime, Subscription Services, CNBC Locations: North America, Robbinsville , New Jersey
Return of bullfighting met by protests in Mexico City
  + stars: | 2024-01-29 | by ( Jack Guy | ) edition.cnn.com   time to read: +2 min
CNN —Animal rights activists took to the streets of Mexico City on Sunday to protest the return of bullfighting to the capital after almost two years. “Bullfighting is more alive than ever and our fans are making the most of an enjoyable family atmosphere,” reads one post. Rodrigo Oropeza/AFP/Getty ImagesBullfighting was suspended in 2022 as part of a long-running legal case, but in December Mexico’s Supreme Court ruled that the events could take place once more, according to Reuters. Bullfighting has taken place in Mexico for centuries, but in recent years opposition to the practice has grown. In 2013, Sonora state became the first of Mexico’s 32 states to ban bullfighting, and a total of four states have now done so.
Persons: Joselito Adame, Rodrigo Oropeza, APASDEM, , Carl De Souza, Andrés Manuel López Obrador Organizations: CNN, Animal, Getty, Facebook, México, Reuters, Protesters, Riot Locations: Mexico City, Plaza México, AFP, Spanish, Mexico, Sonora, Ecuador, Spain, Colombia, France, Peru, Portugal, Venezuela
ATLANTA (AP) — Saddiq Bey dunked in a Trae Young miss with 1.1 seconds left to lift the Atlanta Hawks to a 126-125 win over the Toronto Raptors on Sunday night. The Raptors had taken a one-point lead when a Young turnover in the backcourt led to a Scottie Barnes dunk with seven seconds remaining. Young had 30 points and 12 assists as the Hawks overcame a night where they shot just 6 for 27 (22%) from 3. Clint Capela finished with 19 points and 14 rebounds for Atlanta and Jalen Johnson had 17 points and 12 rebounds. Atlanta finished with a 76-52 advantage in points in the paint and outrebounded the Raptors 51-46.
Persons: — Saddiq Bey dunked, Scottie Barnes, Bey, Young, Clint Capela, Jalen Johnson, RJ Barrett, Immanuel Quickley, Jakob Poeltl, Jordan Nwora, Gary Trent Jr, Dejounte Murray, soreness, ___ Organizations: ATLANTA, Atlanta Hawks, Toronto Raptors, Raptors, The Raptors, Hawks, Atlanta, Pacers, Toronto, Sunday, Bulls, Lakers
Tesla CEO Elon Musk failed to address investors' concerns about price cuts in "another train wreck of a conference call" this week, Wedbush analyst Dan Ives told clients in a Thursday research note. Ives slashed his 12-month stock price target for Tesla by 10% to $315, which still implies about 52% upside from Wednesday's close. The analyst told clients that Tesla's botched earnings call has shaken Wedbush's near-term confidence in the company's story. "Instead we got a high level Tesla long term view with another train wreck conference call," the analyst said. Ives described Tesla's price cuts as a "Category 4 hurricane" in the near term.
Persons: Elon Musk, Dan Ives, Ives, Tesla's, Musk, Tesla Organizations: Tesla, EV
Kess raised his price target to $47 from $36, suggesting 11% upside from Tuesday's close. His price target, cut to $276 from $311, implies roughly 10% downside from Tuesday's close. "We upgrade SUN to Buy and lift our [target price] to $65 following several cash flow accretive transactions," Dounis wrote. "The January 11th transactions drive ~25% of the target price increase; the NS Acquisition drives the remaining ~75% increase." NKLA mountain 2020-07-01 NKLA since 2020 Still, the analyst's $2 price target implies the stock could surge more than 200% from here.
Persons: Morgan Stanley, Daiwa, Jonathan Kees, Kess, — Michelle Fox, Jon Tower, Chipotle, Sarah Min, Gordon Haskett downgrades Uber, Gordon Haskett, Robert Mollins, Uber, Mollins, — Jesse Pound, Colin Bristow, Bristow, Michael Tyndall, Stellantis, Tyndall, — Sarah Min, Pierre Ferragu, Lisa Su, Ferragu, Sunoco, Spiro Dounis, Dounis, Baird, Nikola, Ben Kallo, NKLA, Kallo, it's, Jessica Reif Ehrlich, Morgan Stanley's Benjamin Swinburne, Swinburne, Goldman Sachs, Eric Sheridan, Erik Woodring, Woodring, Fred Imbert Organizations: CNBC, Big Tech, Wall Street, NewStreet Research, Verizon, Daiwa, Verizon Communications, VZ, Citi, Mexican, UBS downgrades, UBS, HSBC, AMD, Research, NuStar Energy, Zenith Energy, Energy, Netflix, Bank of America, Apple Apple, Edge, Apple Locations: Seattle, Biogen, Skyclarys, Stellantis, Europe, China
The surprising history of the barcode
  + stars: | 2024-01-18 | by ( Jordan Frith | Clemson University | ) edition.cnn.com   time to read: +7 min
The bull’s-eye barcode introduced in Woodland and Silver’s 1949 patent. Despite being the first barcode to be officially adopted by an industry, the multicolored design of the Kartrak symbol is now just a footnote in history. The seven barcode symbol finalists displayed in the official internal reports of the symbol selection committee. The bull’s-eye barcode, after all, was the original barcode symbol, and RCA was a powerful company that had invested significant resources in developing the technology. RCA’s main competitor was a latecomer to the battle for barcode dominance: the IBM symbol invented in the early 1970s by George Laurier.
Persons: They’ve, I’ve, Becker, Bredel, Joseph Woodland, Bernard Silver, Theodore H, Maiman, Kartrak, Carecogn, George Laurier, Stephen Brown, , Jordan Frith Organizations: CNN, Stony Brook University, RCA, Litton, IBM, Communication, Clemson University Locations: They’re, Woodland, Troy , Ohio, Clemson , South Carolina
“I do not believe at all that he’s divisive in the Jets locker room and within their own building. While on the field he’s on a Hall of Fame trajectory, some of Rodgers’ behavior away from the sport shows a different side to the man. As Rodgers ran onto the field, carrying an American flag and with AC/DC’s ‘Thunderstruck’ booming out, Jets fans went wild. Rodgers’ arrival in New York during the offseason had looked like a masterstroke, on and off the field for the Jets franchise. But after missing out on nearly the whole season through injury, Rodgers’ season-ending media conference last week ended with him stressing winning.
Persons: Aaron Rodgers, psychedelics –, Jimmy Kimmel, he’d, Nancy Armour, Rodgers, Pat McAfee, McAfee, Kimmel, Jeffrey Epstein’s, Kimmel doesn’t, Epstein, Joe Douglas, Hymie Elhai, Christopher Johnson, Woody Johnson, Robert Saleh, Elsa, ESPN’s Rich Cimini, ” Cimini, , , – Rodgers, , Vince Lombardi, Brian Snyder, it’s, ’ ” Rodgers, ” Rodgers, Anthony Fauci, psychedelics, Cimini, Rodgers ’, Stacy Revere, I’ve, ender, doesn’t, ” Kimmel, , Michael Jordan, Tom Brady, Pat McAfee’s, Achilles, , Jemele Hill, Getty, wouldn’t, Bill Parcells, Bill Belichick Organizations: CNN, USA, Rodgers, Jets, CNN Sport, , of Fame, Packers, NFL, Pittsburgh Steelers, Reuters, White, FDA, CDC, ESPN, Carolina Panthers, Lambeau, Getty, MetLife, Buffalo Bills Locations: New York, Arlington , Texas, East
Kasean Pryor made a go-ahead free throw with 4 seconds left, and South Florida rallied from a 20-point deficit to stun the Tigers 74-73 on Thursday night. Pryor finished with 21 points and 10 rebounds, and reserve Selton Miguel led USF with 23 points, going 5 of 10 from 3-point range. David Jones led Memphis with 25 points and Quinerly finished with 15. Jones had 18 points in the first half — including a run of 11 straight — for Memphis, which led 47-32 at the break. BIG PICTURESouth Florida: The Bulls, who improved to 1-3 on the road this season, upped their intensity in the second half and didn't panic when Memphis took its big lead.
Persons: Kasean Pryor, Pryor, Selton Miguel, hadn't, Penny Hardaway, Amir Abdur, Rahim, “ It’s, ” Abdur, , Nae’Qwan Tomlin, Quinerly, Tulsa —, Tomlin, , David Jones, Chris Youngblood, Kobe Knox, Brandon Stroud, Jayden Reid, Jones, ” Hardaway, “ We're, they've, ___ Organizations: , Memphis, Tigers, USF, Bulls, American Athletic Conference, Mississippi, Louisville, Georgetown, University of South, SMU, Tulsa, Pryor, , Wichita State, Tulane, AP Locations: MEMPHIS, Tenn, South Florida, Memphis, University of South Florida, Florida
Coming off a wonderfully surprising stock market global boom of 2023, this year could be anybody's guess. Utility-scale solar projects are growing around the world, and Wall Street firm T.D. There is too much money chasing solar projects, someone has to win. Here's the thinking for 2024: global oil demand is going to grow, but given China's rolling economic pain it may increase by less than some expect. Russia remains robust on global markets despite sanctions, and OPEC may have done most of what it can to keep its member and allies production levels lower to balance out global markets.
Persons: Brendan Mcdermid, I'm, there's, we've, SolarEdge, T.D, Cowen Organizations: New York Stock Exchange, NextEra Energy Partners, SolarEdge, Investors, U.S, Nat, Citigroup Locations: New York City, U.S, Brazil, Guyana, Russia, OPEC, China, Saudi Arabia
.SPX YTD mountain S & P 500, YTD As for the "too far, too fast" argument, it's worth recalling that all the S & P 500 has done is nearly complete an almost-symmetrical two-year round trip. Ned Davis Research U.S. strategist Ed Clissold looked back at prior times the S & P 500 has gone more than a year without making a record high. This is always a tricky proposition – cash that leaves money markets to buy stocks leaves the seller of the stocks with cash. For one thing, $6 trillion is only about 12% of total U.S. equity market cap, near the lower end of its historical range. At the 2009 market low money markets were 50% of equity market cap.
Persons: , we've, Jason Goepfert, Jeff deGraaf, Ned Davis, Ed Clissold, Jerome Powell, it's, Cash Organizations: Federal Reserve, Fed, Timely, National Association of Active Investment, Ned Davis Research, Investment, of
Sooner or later, virtually all hot stocks implode, said CNBC's Jim Cramer. And according to him, it's important for investors to know when to cash in before that happens. By hot stocks, Cramer means speculative companies with relatively low market capitalization that are risky, but have the potential for high reward. These hot stocks can come out of nowhere, attract more and more attention, but will eventually get tapped out once all of the interested investors have bought shares, he added. "Eventually everyone who wants a piece of the stock has a piece of it," he said.
Persons: Jim Cramer, Cramer
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