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☆ LAFC-Inter Miami ticket prices soar as Messi visits Los Angeles for MLS match
▼ + stars: | 2023-08-31 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

Ticket prices for this Sunday’s match between Inter Miami and Los Angeles FC are the most expensive for a Major League Soccer game ever, according to TickPick, an online marketplace. Average prices are around $690 — a 527% increase over the average ticket price of an MLS game, which used to cost $110 before soccer superstar Leo Messi joined the league. Demand to see Messi is juicing MLS ticket prices. Ira L. Black/Corbis/Getty ImagesHowever, this could be the ceiling for ticket prices. Previously, the Inter Miami jersey was the top-selling jersey only in Florida.

Persons: New York CNN —, “ Messi, ”, Leo Messi, Messi, Ira L, TickPick, Brett Goldberg, Goldberg, Apple, Soccer.com Organizations: New, New York CNN, Inter Miami, Los, Los Angeles FC, Major League Soccer, MLS, CNN, ”, New York Red Bulls, Adidas, Messi Locations: New York, Los Angeles, Argentina, Florida, Vermont

☆ CNBC Daily Open: Nvidia’s record close juiced the Nasdaq
▼ + stars: | 2023-08-30 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Markets poppedU.S. stocks had a great Tuesday, with the S&P 500 and Nasdaq Composite advancing more than 1% each. Nvidia's record closeNvidia shares popped 4.16% Tuesday to close at a record of $487.84. Here's why Slimmon thinks stocks will rise despite struggling in August — and the three stocks to buy to ride on the wave.

Persons: Australia's, David, Susan Schwartz, Bitcoin, Morgan Stanley, Andrew Slimmon Organizations: CNBC, Nasdaq, Nvidia, Google, Costco, Securities and Exchange Commission, Fidelity, Morgan, Morgan Stanley Investment Locations: Asia, BlackRock, Coinbase, —

☆ Asia stutters as China doles out meagre rate cut
▼ + stars: | 2023-08-21 | by ( Wayne Cole | ) www.reuters.com time to read: +4 min

China's central bank trimmed its one-year lending rate by 10 basis points and left its five-year rate unmoved, a surprise to analysts who had expected cuts of 15 basis points to both. Disappointment at the meagre move saw Chinese blue chips (.CSI300) ease 0.3%, while the Australian dollar took a dip as a liquid proxy for China risk. Analysts at Goldman Sachs, meanwhile, argue there is still scope for investors to add to equity positions. The ascent of the dollar and yields was weighing on gold at $1,887 an ounce , having touched a five-month low last week. Brent was up 38 cents at $85.18 a barrel, while U.S. crude bounced 45 cents to $81.70 per barrel.

Persons: Issei Kato, Fed's Jackson, Nvidia, Goldman Sachs, Jerome Powell, Powell, Marc Giannoni, Brent, Wayne Cole, Shri Navaratnam Organizations: REUTERS, Nikkei, China, Japan's Nikkei, FTSE, Nasdaq, Goldman, U.S, Jackson, Barclays, Thomson Locations: Tokyo, Japan, SYDNEY, China, Beijing, Asia, Pacific, Atlanta

☆ Asia suffers China blues; dollar hits 2023 top on yen
▼ + stars: | 2023-08-14 | by ( Wayne Cole | ) www.reuters.com time to read: +4 min

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) eased another 1.1%, after shedding 2% last week. Japan's Nikkei (.N225) was off 0.5%, even as exporters drew support from the weak yen. The sour mood saw S&P 500 futures and Nasdaq futures shed early gains to each ease 0.1%. That rise juiced the dollar against the low-yielding yen, lifting it as far as 145.22 and a peak not seen since November last year. The rise in the dollar and yields was weighing on gold at $1,911 an ounce , having fallen for three weeks in a row.

Persons: Goldman Sachs, Brent, Wayne Cole, Shri Navaratnam, Sam Holmes Organizations: Nikkei, SYDNEY, Japan's Nikkei, Zhongrong International Trust Co, HK, Nasdaq, Amazon's, Federal, Goldman, Thomson Locations: China, Beijing, Russian, Black, Asia, Pacific, Japan

☆ Morningstar: These 10 dividend stocks have increased their payouts every year for the past 5 years and look cheap right now
▼ + stars: | 2023-08-13 | by ( Mark Reeth | ) www.businessinsider.com time to read: +3 min

Growth stocks have soared higher this year on the back of artificial intelligence hype. Most dividend stocks have been left in the dust, but that means they're cheap right now. But dividend stocks, their lower-growth, less exciting counterparts, have been left in the dust. But just because dividend stocks are lagging behind the market today doesn't mean they're bad investments. 10 cheap investments with growing dividendsLate last week, Morningstar put together a list of 10 stocks pulled from its US Dividend Growth Index, which "tracks US-based securities with a history of uninterrupted dividend growth."

Persons: Morningstar, Susan Dziubinski Organizations: Nvidia, Microsoft, Morningstar

☆ Invasive fruit flies have forced a 79-square-mile area of LA under quarantine. Residents are advised to not move any fruits or vegetables from their property.
▼ + stars: | 2023-08-01 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +2 min

A fruit fly invasion has led to the quarantine of a 79-square-mile region of Los Angeles County. Residents are free to come and go under the quarantine, but their produce is not. But this isn't a quarantine for people, like the COVID restrictions we're all used to — it's a quarantine of fruits and vegetables only. To prevent the flies from spreading, people living in the quarantined area cannot take any fruits or vegetables off their property, the agency advised. People are advised not to remove any produce from their property to avoid spreading the invasive Tau fruit fly.

Persons: John Coletti Organizations: Service, California Department of Food, Agriculture Locations: Los Angeles County, Wall, Silicon, Los Angeles, Asia, Stevenson, Santa Clarita, California

CNN —A 79-square-mile area of Los Angeles County is under quarantine after an invasive fruit fly was found there – the first such quarantine for the pest in the Western Hemisphere, according to California officials. The Tau fruit fly, originating in Asia, is a “serious pest for agriculture and natural resources,” according to the release. It isn’t the first time the Tau fruit fly was found in California. The state agency plans to work with the US Department of Agriculture and local authorities to eliminate the Tau fruit fly and prevent its spread. Crews will cut host fruit and vegetables on properties within 200 meters of detections to inspect for fruit fly larvae, among other measures, the state agriculture agency said.

Persons: It’s, Stevenson, Crews Organizations: CNN, California Department of Food, Agriculture, Residents, US Department of Agriculture Locations: Los Angeles County, California, Stevenson, Santa Clarita, Asia, Los Angeles, San Bernardino County

☆ CNBC Daily Open: The Dow lost steam but the U.S. economy didn’t
▼ + stars: | 2023-07-28 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Streak shatteredThe Dow Jones Industrial Average finally ran out of steam and closed the day in the red, ending its 13-day winning streak. Gross domestic product grew at an annualized 2.4% rate in the second quarter, according to the Commerce Department. In other good news, the personal consumption price index rose 2.6% in the second quarter, down from 4.1% in the first.

Persons: Dow Jones, Jerome Powell, Christine Lagarde, Goldman Sachs Organizations: CNBC, Dow Jones, Gross, Commerce Department, Dow, Intel, European Central Bank, ECB, Big Tech Locations: U.S

ReutersBEIJING – International investment firms have changed their China GDP forecasts nearly every month so far this year, with JPMorgan making six adjustments since January. Here are some winners to watch The U.S. investment bank most recently cut its China GDP forecast in July to 5%, down from 5.5% previously. In June, the World Bank raised its forecast for China's growth this year to 5.6%, up from 4.3% previously. The International Monetary Fund in April raised its forecast for China's GDP to 5.2%, up from 4.4% previously. Among the six investment firms CNBC looked at, the highest China GDP forecast so far this year was JPMorgan's 6.4% figure — when the bank adjusted for the second time in April alone.

Persons: Morgan Stanley, Nomura, Goldman Sachs, Logan Wright, Shehzad Qazi, Qazi Organizations: Reuters, Reuters BEIJING – International, JPMorgan, CNBC, Citi, Beijing, Citi's, UBS, National Bureau, Statistics, U.S, Chinese Communist Party . Investment, Bank, International Monetary Fund, Monetary Fund Locations: Lianyungang, Jiangsu province, China, Reuters BEIJING, U.S, Beijing, New York

☆ You can already buy fake Threads followers for Instagram's Twitter clone
▼ + stars: | 2023-07-13 | by ( Sydney Bradley | ) www.businessinsider.com time to read: +3 min

You can already buy followers for Instagram's Threads. Insider viewed several websites offering to sell followers for Threads accounts. Screengrab/FameSavyAccording to the influencer-marketing platform HypeAuditor, on average, about 13.8% of influencers' Instagram followers are categorized as "suspicious" accounts. To start, followers aren't as prominently showcased on Threads as they are on Instagram (or Twitter, for that matter). Buying an influx of spam followers on Threads could very well do nothing to help an account grow or find success as a creator.

Persons: Instagram, aren't, Adam Mosseri, Meta

☆ Home shoppers, don't despair. Bargains are out there, particularly in these pandemic boomtowns.
▼ + stars: | 2023-06-22 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +3 min

Pandemic boomtowns like Austin, Texas; Boise, Idaho; and Phoenix are seeing big discounts. Read on for the top 10 cities and how much home prices have declined in the past year. This has led to some robust price cuts, especially in previously hot pandemic boomtowns — like Austin, Texas; Boise, Idaho, and Phoenix — where prices surged and homebuilders have been adding inventory. The company analyzed the median price per square foot in 100 of the largest US metropolitan areas, and considered the change in prices in the year through May. Take Austin, where the median home price has fallen 7.7% since May 2022 but is still $142,751 above the national median of $441,000.

Persons: Realtor.com, —, Mark Zandi, There's, Danielle Hale, Austin Organizations: Service, Phoenix, Moody's Locations: Austin , Texas, Boise , Idaho, Myrtle Beach , South Carolina, North Port , Florida, Myrtle Beach

☆ Auto insurers are raising rates, even as car prices ease. 'The pandemic has been really disruptive to the auto repair business,' economist says
▼ + stars: | 2023-06-16 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

About a third (31%) of U.S. auto insurance customers say they experienced a rate increase during the past year, according to a recent study by J.D. Many factors have conspired to push up the cost of car repairs, which ultimately feeds through to insurance prices, economists said. "The pandemic has been really disruptive to the auto repair business," he said. Auto insurers lost 12 cents on each dollar of customer premiums paid in 2022, on average, according to J.D. Vehicle prices moderate after pandemic-era surgeFurther, vehicle prices began rising at a rapid clip in the first half of 2021.

Persons: Mark Zandi, Power, Zandi, Charlie Chesbrough, Chesbrough Organizations: Moody's, U.S . Department of Transportation, Auto, Cox Automotive, U.S . Federal Reserve Locations: ., U.S

☆ CNBC Daily Open: Don’t get too bullish yet
▼ + stars: | 2023-06-12 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The S&P 500 inched up 0.11%, the Dow Jones Industrial Average added 0.13% and the Nasdaq Composite climbed 0.16%. The S&P had four straight weeks of gains, but more significantly, it's up 20% from its October low. "Everything we own in our portfolios, we're stressing for a couple quarters of -3% to -5% real GDP," Michele said.

Persons: Stephen Suttmeier, everyone's, JPMorgan's Michele, FactSet, Michele Organizations: NYPD Emergency Service Unit, Financial, CNBC, Dow Jones, Nasdaq, General Motors, Bank of America, Federal Locations: Manhattan , New York City

☆ CNBC Daily Open: The A.I. rally's too narrow
▼ + stars: | 2023-05-31 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

Everyone else, however, is a bystander reaping no benefits — and that could have implications for broader markets. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Everyone else, however, isn't so much a loser, but a bystander reaping no benefits — and that could have implications for broader markets. Subscribe here to get this report sent directly to your inbox each morning before markets open.

Persons: Jensen Huang, Wood, We're, Andrew Smith, Javed Mirza, Ataman Ozyildirim, we've Organizations: Nvidia, CNBC, . Semiconductor, Marvell, Broadcom, Big Tech, Apple, Microsoft, Delos Capital Advisors, Conference, The Conference Board Locations: Taipei, Dallas, Canada, U.S

☆ CNBC Daily Open: The A.I. rally is too narrow
▼ + stars: | 2023-05-31 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

Persons: Wood, We're, Andrew Smith, Javed Mirza, Ataman Ozyildirim, we've Organizations: NVIDIA, CNBC, . Semiconductor, Nvidia, Marvell, Broadcom, Big Tech, Apple, Microsoft, Delos Capital Advisors, Conference, The Conference Board Locations: Taipei, Dallas, Canada, U.S

☆ CNBC Daily Open: Time to exhale and breathe
▼ + stars: | 2023-05-19 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

A trader walks out of the New York Stock Exchange (NYSE) on Wall Street in New York City on May 12, 2023. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Dallas Federal Reserve President Lorie Logan, a voting member of the Federal Open Market Committee, thinks economic data don't support a pause in rate hikes. Subscribe here to get this report sent directly to your inbox each morning before markets open.

☆ CNBC Daily Open: Exhale and breathe
▼ + stars: | 2023-05-19 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

People walk by the bronze sculpture 'Fearless Girl' outside of the New York Stock Exchange (NYSE) on April 21, 2023 in New York City. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Dallas Federal Reserve President Lorie Logan, a voting member of the Federal Open Market Committee, thinks economic data don't support a pause in rate hikes. Subscribe here to get this report sent directly to your inbox each morning before markets open.

☆ What might get this stock market unstuck
▼ + stars: | 2023-05-13 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

Clearly the market is captive of strong, opposing and somewhat unpredictable currents, as the passengers argue over what might get stocks unstuck, and in which direction. Excluding financial stocks, for instance, the S & P 500 would be up 11% for the year. Here is the equal-weighted S & P 500 vs. the Nasdaq 100 since the end of 2021. The stock market has, coincidentally or not, carved a similar path so far this year as it did to begin 2011. The S & P 500 that year raced higher to print a 7% gain into a February high, then chopped sideways.

☆ Russia's war economy isn't as resilient as reports would have you believe
▼ + stars: | 2023-04-14 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

That brings us to today's main story — economists say the official data coming out of Russia isn't painting an accurate picture of Putin's wartime economy. "These are the things that businesses deliver and consumers purchase in an economy, and they have been absorbing the impact. Our tracker shows a contraction of the Russian economy ahead of the official figures release precisely because we use high-frequency indicators from the private economy." Vehicle sales, imports, credit growth, home prices, and other measures all point to a much less robust regime since Vladimir Putin's war on Ukraine began. These four charts tell the story of how war has reshaped Russia over the last year.

☆ 2 Volcom execs attempt to surf, skate, snowboard, and work all in one day. Here's how they pulled it off.
▼ + stars: | 2023-03-06 | by ( Sponsor Post | Created Insider Studios With Dell Technologies | ) www.businessinsider.com time to read: +8 min

The challenge: Attempt a surf, skate, and snowboard "trifecta" in the middle of a busy work dayOver the past few years, remote work has become a routine part of our lives. This is the case for the sales teams at Volcom, a global lifestyle apparel brand based in Costa Mesa, California. Two Volcom sales executives, Brent Lantz and David Jurusik (or BL and Nook, respectively), embrace this — whether it's taking a call on a ski slope or discussing inventory with retailers on the road. Dell Technologies and Intel teamed up with Volcom to see if they could improve and optimize their on-the-go sales efforts and work connectivity. The challenge: Attempt a southern California "trifecta" — surfing, skateboarding, and snowboarding within a 12-hour period — all while completing a full day of work.

They stressed that the reallocation would be gradual and not result in fire sales, with new money going largely into fixed income rather than alternative investments. Goldman Sachs' asset management arm is planning to significantly reduce its $59 billion of alternative investments. Credit rating agencies Moody's and S&P, which both give Allianz high marks, have pointed to the greater risk posed by comparatively illiquid alternative investments in Allianz's portfolio. Alternative investments come at a price, requiring Allianz and other insurers to set aside more capital to own them because they are less liquid than bonds. In its wake, Allianz has had to close down Allianz Global Investors in the United States in a serious blow to the company.

☆ Factbox: How to get Microsoft's new AI-enhanced Bing
▼ + stars: | 2023-02-07 | by ( ) www.reuters.com time to read: +2 min

Feb 7 (Reuters) - Microsoft Corp (MSFT.O) on Tuesday unveiled a juiced-up version of its Bing search engine and Edge Web browser, powered by an upgraded version of ChatGPT's underlying technology. Users will need to go to this link and sign in to a Microsoft account to get on a waitlist to access Bing search. To jump the line, Microsoft said users can set Bing as the default search engine on their PC and scan a QR code to download the Bing Search app on your phone. Here is how Microsoft has integrated the technology from OpenAI, in which Microsoft first invested in 2019, into Bing and Edge. For more complex searches, such as planning a detailed trip itinerary or researching a TV set to buy, users can refine their search by asking more details through the Bing chat.

☆ Meet 8 new cars from the LA Auto Show, where the electric future is rolling out to the public
▼ + stars: | 2022-11-22 | by ( Andrew Moseman | ) www.businessinsider.com time to read: +2 min

After a three-year pandemic hiatus, the in-person version of the Los Angeles Auto Show has returned. The show featured a slew of electrified vehicles and the presence of charging companies. As the show opens to the public, take a look at the best of what's new. This article is part of the Ride Along series, a collection of stories recapping some of the biggest auto shows around the country. But in Los Angeles, automakers preparing for a seismic shift talked up their electric futures.

☆ What Cramer is watching Tuesday — big J&J deal, Lilly guidance light, Biden scolds Big Oil
▼ + stars: | 2022-11-01 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

Club holding J ohnson & Johnson (JNJ) buys Abiomed (ABMD), premier heart pumping company, in a deal valued at $16.6 billion. J & J is paying a hefty premium: $380-per-share upfront, plus extra $35-per-share if certain milestones are met. J & J juiced growth ahead of its separation into two companies: one, pharma and the other, consumer brands. This will raise the growth rate of the MedTech portion of new J & J company. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) very good: $516 million versus $470 million expected.

☆ Philip Morris’ Swedish bet may take multiple tokes
▼ + stars: | 2022-10-20 | by ( ) www.reuters.com time to read: +2 min

LONDON, Oct 20 (Reuters Breakingviews) - Philip Morris International (PM.N) may need to show more flexibility. PMI Chief Executive Jacek Olczak has strengthened his hand by sealing a $2.7 billion deal with Altria to buy the rights to sell IQOS heated tobacco products in the United States, giving him an alternative way to grow in smokeless tobacco products. Still, it may be hard to get the Swedish Match deal over the line, given PMI’s ambitious 90% acceptance rate. That’s probably why the shares are currently trading close to the offer price at 112 crowns. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

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