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For Selva, leading the Transformation is unlike any test he has faced in his three-decade career at Citi. To do so, he has to solve for Citi's decades of underinvestment in its infrastructure, which affects every business line of the bank. Under Selva, Citi was the No. Related stories"The challenge with the Transformation role is you are accountable yet not responsible," the managing director in the Transformation said. Courtesy of CitiBringing in Ryan, the bank's head of technology and business enablement, to help the bank catch up makes sense.
Persons: Jane Fraser, Anand Selva, Selva, Sen, Elizabeth Warren, We've, Fraser, Gonzalo Luchetti, Luchetti, Kathleen Martin, Martin, Mike Mayo, Tim Ryan, Mayo, Vernon Yuen, Adora Tidalgo, Anand, Jim O'Donnell, Win McNamee, Andy Sieg, Tidalgo, Phil Waxelbaum, Jeffrey Warren, Ryan, Warren, Ashutosh Nawani, Japan Mehta, Mehta, Nawani, Tom Williams, Timothy Coffey, Janney Montgomery Scott, they've, Stephen Biggar Organizations: Citigroup, Citi, Federal Reserve, Currency, OCC, Business, underperformance, BI, Citi ., Coimbatore Institute of Technology, Madurai Kamaraj University, Asia Pacific, divesting, Employees, Merrill Wealth Management, PricewaterhouseCoopers, Russell Reynolds Associates, Securities, Exchange Commission, Bloomberg, Getty, Argus Research Locations: Selva, Chennai, India, Asia, who's, Wells, Madurai, Coimbatore, China, Singapore, New York, Fraser, Europe, Ryan
Neither Harris nor Trump outline specific disaster-relief policies on their website. "Disasters are always political," Thomas Birkland, a political scientist at North Carolina State University who studies the politics of national disasters, told Business Insider. When he was president, Trump responded to several hurricanes. "A charitable interpretation would be mixed on crisis management," Birkland told BI about Trump's past responses to natural disasters. Presidents are somewhat limited in their disaster responses — both Kneeland and Birkland told BI that states and local governments lead disaster responses, with the federal government's assistance.
Persons: Harris, Kamala Harris, Donald Trump, Helene, Trump, Hurricane Milton, Thomas Birkland, Timothy Kneeland, Hurricane Helene, Hurricane Dorian, Hurricane Maria, Birkland, Kneeland, Joe Biden, Betsey, Hurricane Andrew Organizations: Trump, Service, Hurricane, Florida, North Carolina State University, Nazareth University, Georgia, Federal Emergency Management Agency, Republicans, Office, Washington Post, FEMA Locations: North Carolina, Georgia, California, South Carolina, Alabama, Hurricane, Michigan
In 2024, the small-cap benchmark Russell 2000 's 8% rise still lags the S & P 500's roughly 19% gain. However, Oppenheimer thinks there is further upside ahead for these names. The stock offers a 5% dividend yield and healthy — albeit "lumpy" — free cash flow growth, the analyst added. CCOI YTD mountain Cogent Communications in 2024 Health-care services stock Chemed is another one of Oppenheimer's favorites. The online sports-betting (OSB) data provider could surge more than 37%, based on the $10 price target Oppenheimer holds on shares.
Persons: Oppenheimer, Russell, Timothy Horan, " Horan, Horan, Chemed, Michael Wiederhorn, Wiederhorn, Jed Kelly, — CNBC's Michael Bloom Organizations: Federal Reserve, Genius Sports, National Football League, Football, Professional
A Wolfe Research analyst raised his view on troubled bank stock Wells Fargo, reasoning that regulatory and interest rate risks both are priced into the stock. However, analysts at Oppenheimer lowered their views on high-flying tech stock Microsoft on fears that OpenAI losses could hamper performance. Delta's stock price has gained nearly 23% this year, but is in the red for the quarter. Chubak sees downside to consensus 2026 earnings across the board for the group — but that the risk is better captured in the current valuation of major banks including Wells Fargo. WFC YTD line Wells Fargo stock performance Chubak upgraded Wells Fargo to outperform from peer perform and kept his $65 price target on the stock, which implies 13.7% potential upside.
Persons: Wolfe, Bernstein, Oppenheimer, Bernstein Bernstein, David Vernon, Vernon, — Pia Singh, Timothy Horan, Horan, Lance Wilkes, Wilkes, Steven Chubak, Wells Fargo, Chubak Organizations: CNBC, Humana, Microsoft, Southwest Airlines, STARS, Wolfe Research, WFC Locations: Wells, Delta, Vernon, Atlanta, Wells Fargo
None of the top five fantasy players coming into the season based on average draft position is in the top 48 in fantasy scoring. (The fantasy scoring numbers here are provided by TruMedia, and the average draft position statistics were compiled by Fantasy Pros.) Aaron Jones (15.7 fantasy ppg) has been a good pick but left early Sunday with a hip injury. The only bright spot for Las Vegas is rookie tight end Brock Bowers, who is 76th in fantasy scoring (13.3). Brian Thomas Jr. is 35th in fantasy scoring (16.2 ppg), which is second-best among rookie wide receivers behind only Malik Nabers.
Persons: It’s, Christian McCaffrey, Brown, Puka Nacua, Isaiah Pacheco, Oof, Sam Darnold, Pros, Justin Jefferson, Aaron Jones, Davante Adams, Rashee Rice, Xavier Worthy, Lamar Jackson, Jackson, Derrick Henry, Henry, Nico Collins, Collins, Stefon Diggs, Diggs, hasn’t, Jayden Daniels, Daniels, Ra St, he’s, — David Montgomery, Jahmyr Gibbs, Gibbs, Josh Allen’s, He’s, James Cook, Jayden Reed, Dontayvion Wicks, Xavier McKinney, CeeDee Lamb, Elandon Roberts, Justin K, McCaffrey, Jauan Jennings, Brian Thomas Jr, Lamb, Darnell Mooney’s, Kirk Cousins ’, Cousins, Kirk Cousins, Baker Mayfield, Josh Allen, Mayfield, Allen, J.K, Dobbins, Justin Herbert, Jim Harbaugh’s, Geno Smith, Kenneth Walker, Quarterback Brock Purdy, Arthur Smith, , Justin Fields, Fields, Najee Harris, Kyler Murray, Darren Yamashita, Marvin Harrison Jr, Trey McBride, Harrison, McBride, Caleb Williams, Williams, unni, Carr, Jones, amon, Chas e, Joe, Mond, Bower, ree, eks, wes, Bryce Young, ince, Kevin Stefa Organizations: NFL, Minnesota Vikings, Beat New York Jets, Vikings, Bills, Beat New Orleans Saints, Chiefs, Beat Cincinnati Bengals, Washington, Beat Buffalo Bills, he’s, New England Patriots, Beat Cleveland Browns, Browns, Baltimore Ravens, Lions, aren’t, Dallas Cowboys, Buffalo Bills, Houston Texans, New York Jets, Los Angeles Rams, Packers, Arizona Cardinals, Cowboys, Steelers, Getty, Beat Pittsburgh Steelers, Detroit Lions, Tampa Bay Buccaneers, Carolina Panthers, Atlanta Falcons, New Orleans Saints, Dobbins, Chargers, Denver Broncos, New York Giants, 183rd, Seahawks, Giants, San Francisco 49ers, EPA, Seattle Seahawks, Pittsburgh Steelers, Las Vegas Raiders, Cardinals, Green Bay Packers, Beat Carolina Panthers, Bears, Panthers, Jacksonville Jaguars, nus, J ets, nta, Bryce Locations: Germany, Minnesota, Kansas, Baltimore, Houston, Washington, Atlanta, laye, Fla, Calvi
SEA ISLAND, Ga. — The director of the National Security Agency said Sunday that a Chinese hack of three major telecommunications firms is under investigation but that it remains “premature” to discuss the case. The Chinese Embassy in the U.S. did not immediately respond to a request for comment Sunday night. The FBI and the White House National Security Council declined to comment. Haugh said the NSA and other federal agencies issued an advisory in 2022 warning that cyber operators sponsored by the Chinese government were trying to hack major telecommunications companies and network service providers. “I think what we see broadly from a PRC [People’s Republic of China] threat perspective is they’re going to be very aggressive at critical infrastructure collection operations and targeting our critical infrastructure,” Haugh said.
Persons: , Timothy Haugh, ” Haugh, , Lumen, Haugh Organizations: National Security Agency, Air Force, Street Journal, Verizon, Lumen Technologies, Telecommunications, Embassy, FBI, White House National Security, NSA Locations: China, U.S, PRC, People’s Republic of China, Beijing
Another top aide to New York City mayor resigns amid federal probe
  + stars: | 2024-10-07 | by ( ) www.cnbc.com   time to read: +5 min
Embattled New York City Mayor Eric Adams said Monday that he's accepted the resignation of his deputy mayor for public safety, Philip Banks, the latest senior official to leave as the mayor fends off an indictment and calls to step down. All three Banks brothers have denied wrongdoing. An attorney for Philip Banks, Benjamin Brafman, said Monday that federal prosecutors had assured him his client was not a target of the investigation. In addition to seizing the phones of the three Banks brothers, federal investigators also took devices from the city's police commissioner, Edward Caban, and one of Adams' closest aides, Timothy Pearson. At a press briefing last month, Adams spoke of his close ties to the Banks brothers.
Persons: Eric Adams, he's, Philip Banks, fends, Adams, Banks, David Banks, Terence, Benjamin Brafman, Kathy Hochul, Philip Banks Jr, Edward Caban, Timothy Pearson, Caban, Pearson Organizations: New York City, NY1, New York, Associated Press, Gov, Democrat, City, NYPD Locations: New York, Yorkers
CNN —Pope Francis has chosen 21 new cardinals in a move that once again shows his determination to reshape the group of churchmen who will elect his successor. Also among the new cardinals announced by the pope on Sunday are bishops from Indonesia, Algeria, Japan and the Ivory Coast. At the time of the pope’s announcement, there were 122 cardinals under 80 and able to vote in a future conclave. Church law technically limits the number of such cardinals to 120, but previous popes have also gone over that number. Cardinals are second only to the pope in the church hierarchy, hold senior positions in the Vatican and act as the pope’s main advisers.
Persons: Pope Francis, Francis, Dominique Mathieu, Francis ’, ” Francis, Mykola Bychok, Frank Leo, Timothy Radcliffe, Organizations: CNN, Ukrainian Greek Catholic, Cardinals Locations: Israel, Belgian, Iran, Australia, Ukrainian, Oceania, Italy, Indonesia, Algeria, Japan, Ivory Coast, Toronto, British, Gaza, Lebanon
FAIRFAX, Va. — A jury on Friday acquitted a former police officer in Virginia of involuntary manslaughter after he fatally shot a shoplifting suspect outside a busy shopping mall. But the jury did convict the former police sergeant, Wesley Shifflett, of reckless handling of a firearm in connection with the shooting. After the shots were fired, Shifflett immediately yelled “stop reaching” and told other officers that he saw Johnson reaching in his waistband. During cross-examination, Sands asked Shifflett about shooting Johnson before commanding that the victim “stop reaching.”“My motor functions were operating more quickly than I could verbalize,” Shifflett said. The special grand jury returned indictments on charges including involuntary manslaughter and reckless handling of a firearm.
Persons: Wesley Shifflett, Shifflett, Timothy McCree Johnson, Johnson, , Jenna Sands, , Sands, ” Shifflett, Johnson’s, I’m, Kevin Davis, Davis, ” Davis, ” Prosecutors, Steve Descano Organizations: Prosecutors, Fairfax County Police, Tysons, Police, , Shifflett Locations: FAIRFAX, Va, , Virginia, , Fairfax, Fairfax County
Prosecutors say she killed Timothy Hovanec in 2022 to keep him from seeing their children. The Hovanecs, who were divorcing, had three children, prosecutors said. She initiated divorce in 2020 and later began to deny her husband visitation with their children despite a court order allowing it, prosecutors said. Hovanec later confessed to authorities, saying she knew the drug would kill her hsband “within minutes,” the affidavit said. Theodorou obtained the substance used to kill the victim and also helped Hovanec bury her husband’s body, the affidavit said.
Persons: , Amanda Hovanec, Wapakoneta, Timothy Hovanec, Anthony Theodorou, Anita Green, Timothy Hovanec's, Green, , ” Amanda Hovanec, Rebecca Lutzko, Hovanec, Theodorou, Steve Palmer, Palmer, Timothy Hovanec’s, Organizations: Attorney’s, Northern, Northern District of, Prosecutors, Volkswagen, Hovanec Locations: Ohio, U.S, Northern District, Northern District of Ohio, ” U.S, Dayton
Harry Kane has never won the Champions League but if Matchday 1 was anything to go by, the England captain is desperate to do so. Follow the Champions League on The AthleticFirst, what happened on Matchday 1? Ligue 1 side Brest took no time to acquaint themselves with the Champions League, beating Austrian champions Sturm Graz 2-1 on their debut in the competition. The 26-year-old USMNT winger has scored in his last two Champions League games and could become the first American to score in three consecutive appearances. It was the first time in the Champions League that three substitutes had all directly contributed to a goal.
Persons: Harry Kane, Kane, Lamine Yamal, Michael Olise, Kylian, Ethan, Yamal, Ansu Fati, Eric Garcia, Villa, Germain, Martin Odegaard, Mikel Arteta’s, David Raya, Mateo Retegui, Raya, Timothy Rogers, Paulo Gazzaniga’s calamitous, Ousmane Dembele, Luis Enrique, Florian Wirtz, Wirtz, Dean Mouhtaropoulos, Brendan Rodgers ’ Celtic, Daizen Maeda, England’s Jamie Gittens, Serhou, Felix Nmecha, KURT DESPLENTER, Aston, Unai Emery, Villarreal, Jose Mourinho, Neville Williams, Vincent Kompany, Benjamin Sesko, Jose Maria Gimenez’s, Sesko, Bayer, Maja Hitij, Kenan Yildiz, Pietro Fanna, Thiago Motta’s, Dusan Vlahovic Organizations: Champions League, Bayern Munich, Dinamo Zagreb, Aston Villa, Bayer Leverkusen, Real, League, The, Bayern, Stuttgart, Lille, Monaco, Young Boys, Liverpool, AC Milan, Scottish, Celtic, Slovan Bratislava, Manchester City, Arsenal, — Inter Milan, Atalanta, Ligue, Brest, Austrian, Sturm Graz, Red Bull Salzburg, Paris Saint, Leicester City, Premier League, Getty, PSG, Newcastle United, Bayer, Bayer Leverkusen’s, Feyenoord, Leverkusen, Milan, Inter Milan, Borussia Dortmund, Dortmund, Club Bruges, MAG, Villa, Europa League, Aston Villa FC, Bundesliga, Zagreb, Tottenham Hotspur, Leipzig, Juventus, Wednesday, Atletico, Augsburg, PSV Eindhoven, Serie A, Genoa, TNT Sports, Paramount, Salzburg, Sparta Prague, Amazon, Sporting Lisbon, Barcelona, Red Star Belgrade, Shakhtar Donetsk, Girona, Benfica, Atletico Madrid, Bologna, Real Madrid Locations: England, Saturday’s, U.S, Crystal Palace, Endrick, Lille, Barcelona, Bern, Girona, Europe, Christian Pulisic, American, Milan, Celtic, Stuttgart, dinked, Slovenia, Madrid, Leipzig, Germany, Brest
Culver's is a fast-food restaurant that started in Wisconsin and has since expanded across the US. I'd never been before, but my mom loves it, so my husband and I recently tried it out. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Recently, my husband and I decided to see why Ma is so wild about this place — and I have to admit, I was pleasantly surprised.
Persons: , we'd, BJ's Brewhouse, Culver's, I'd Organizations: Service Locations: Wisconsin, Cincinnati, Applebee's, Ohio
CNN —Federal prosecutors say New York City Mayor Eric Adams engaged in a “long-running conspiracy,” accepting luxury travel and gifts from foreign businesspeople and at least one Turkish government official. Adams, who’s been indicted on five federal public corruption charges, has denied wrongdoing and says he is being targeted because of his positions. Federal agents search Gracie Mansion, the official residence of the mayor of New York City, on September 26, 2024, after Mayor Eric Adams was indicted on federal criminal charges. That Adams, a Democrat, has been charged by prosecutors in the Southern District of New York on corruption charges does not, on its own, disprove Trump’s point. Adams remains defiant in the face of the charges, but they are clearly having an effect on New York politics.
Persons: Eric Adams, Adams, who’s, , , Gracie, Timothy A, Clary, Donald Trump’s, Trump, Sen, Bob Menendez, Trump’s, Menendez, Stormy Daniels, Attorney Alvin Bragg, Jack Smith, General Merrick Garland, Smith, George Santos, Santos, Elie Honig, Honig, Sheldon Silver, Dean Skelos, ” Honig, Alexandria Ocasio, Kathy Hochul Organizations: CNN, New York City, Getty, White, Department of Justice, DOJ, Democrat, of, New, New Jersey Democrat, Manhattan, Attorney, Trump, Republican, CNN The Southern, of New York, New York State Assembly, New York State Senate, Key New York Democrats, New York Gov Locations: New York, New York City, AFP, Southern, of New York, New Jersey, Florida, Washington , DC, York, Manhattan, Lower Manhattan, of New, New, Alexandria, Cortez
Oppenheimer's top stock ideas heading into October
  + stars: | 2024-09-26 | by ( Sean Conlon | ) www.cnbc.com   time to read: +4 min
This comes after all three major averages recovered from the Aug. 5 global sell-off to close out last month higher. DKNG YTD mountain DKNG, year-to-date Biotechnology stock Viking Therapeutics also made the list. The stock has already surged more than 239% this year as its experimental obesity treatment advances through clinical trials. Telecommunications stock AT & T was another best idea, with its target of $23 implying more than 6% upside. Other names that made the list include Cigna , whose target implies more than 14% upside, and chip giant Broadcom .
Persons: Oppenheimer, Goldman Sachs, Jed Kelly, DKNG, Jay Olson, NASH, Timothy Horan, Horan isn't Organizations: Nasdaq, Dow Jones, Biotechnology, Viking Therapeutics, Telecommunications, AT, JPMorgan, Broadcom
And it’ll be tough for either Vice President Kamala Harris or former President Donald Trump to turn that around if elected, no matter their grandiose campaign promises. Put together, such investments have resulted in a sharp pick-up in construction spending by manufacturers, according to government data. Manufacturing’s main pain points are sluggish demand and elevated interest rates, according to recent manufacturing surveys by the Institute for Supply Management and S&P Global. And, of course, there are issues specific to certain sectors of the manufacturing industry. It could get better, but it’s not clear whenIt’s not all doom and gloom for the manufacturing industry.
Persons: Joe Biden, Kamala Harris, Donald Trump, Biden, haven’t, hasn’t, Harris, ” Harris, Trump, ” Chris Williamson, ” Timothy Fiore, There’s, ” Lauren Goodwin, Organizations: Washington CNN, Act, Congress, Private, Manufacturers, Labor Department, Institute for Supply Management, P, P Global Market Intelligence, ISM’s Manufacturing, Survey, P Global, Boeing, Federal, New York Life Investments Locations: America, Pittsburgh, Savannah, China, Pennsylvania, Korea, North Carolina, Germany, Georgia
Reuters —Russia appears to have suffered a “catastrophic failure” in a test of its Sarmat missile, a key weapon in the modernization of its nuclear arsenal, according to arms experts who have analyzed satellite images of the launch site. It’s a big hole in the ground,” said Pavel Podvig, an analyst based in Geneva, who runs the Russian Nuclear Forces project. A September 21 satellite image shows a closer view of the launch site after the apparent launch failure. Maxar TechnologiesIISS analyst Wright said a test failure did not necessarily mean that the Sarmat program was in jeopardy. “However, this is the fourth successive test failure of Sarmat which at the very least will push back its already delayed introduction into service even further and at most might raise questions about the program’s viability,” he said.
Persons: Maxar, , Pavel Podvig, Timothy Wright, James Acton, Vladimir Putin, Satan, Putin, Sergei Shoigu, Wright, Moscow –, Nikolai Sokov Organizations: Reuters, Plesetsk, Russian Nuclear Forces, International Institute for Strategic Studies, Carnegie Endowment, International Peace, Technologies, SS, Design, Moscow Institute of Thermal Technology Locations: Russia, United States, Europe, Geneva, London, Ukraine, Moscow, Plesetsk, Arkhangelsk, Russian, Soviet
He says that his remarkable success came with sacrifices like giving up on what he considered a healthy work-life balance. "I believe in working extremely hard … I absolutely disagree with the idea of work-life balance," Armoo said in an interview with CNBC Make It. "There is a season where you say, 'I want to achieve this goal and I want to get different results to other people. I want to get extraordinary results.' The way you achieve those extraordinary results is by doing extraordinary things, which literally means doing things that are not ordinary," he said.
Persons: Timothy Armoo, Armoo Organizations: CNBC Locations: London
Where Harris is outspending Trump the most
  + stars: | 2024-09-23 | by ( Alice Tecotzky | ) www.businessinsider.com   time to read: +4 min
Read previewAs Vice President Harris and former President Donald Trump enter the most expensive stretch of the election, their respective spending habits say a lot about the state of the race. And while polls may be tight, the money race isn't — Harris is outspending Trump by approximately $5 million every single day, according to the most recent federal filings. Harris is outspending Trump in ad buys in every single swing state, Bloomberg reported based on data from AdImpact. AdvertisementNeither the Trump nor Harris campaigns immediately responded to Business Insider's request for comment. Trump is outspending Harris in terms of direct mail by a ratio of approximately three-to-one.
Persons: , Harris, Donald Trump, isn't — Harris, outspending Trump, Trump, Anne Hathaway, Whoopi Goldberg, Timothy Mellon, Elon Musk, outspending Harris, doesn't Organizations: Service, Business, Bloomberg, Democratic, Cipriani Wall, New York Times, Big, Trump, Elon, Labor, Musk's America PAC Locations: Pennsylvania, Michigan , Georgia, Arizona , Wisconsin, North Carolina, Nevada, Michigan, Georgia , Wisconsin , Arizona, Silicon Valley, San Francisco, Los Angeles
Reptiles are astonishingly diverse, with extraordinary adaptations such as a tiny lizard in Costa Rica that has evolved a way to “scuba dive,” according to new research. Fantastic creaturesUsing the air bubble helps the anole to stay underwater longer, and the technique may help the tiny lizard hide from predators, researchers say. This ability allows the lizard to stay underwater for a prolonged period of time. Across the universeAn artist's concept depicts NASA's Voyager 1 spacecraft entering interstellar space, or the space between stars. Along the way, Voyager 1 found a thin ring around Jupiter and two new Jovian moons as well as five new moons orbiting Saturn.
Persons: Lindsey Swierk, Kaspar Hauser, , Hauser, Butch Wilmore, Suni Williams, Vincent van Gogh, ” Timothy A, Clary, Vincent van Gogh’s, It’s, King Ramses II, — Helga, Zohar, Artemis, Ashley Strickland, Katie Hunt Organizations: CNN, NASA, JPL, Caltech, NASA’s, International, Getty, Orion, Artemis, CNN Space, Science Locations: Costa Rica, Costa Rica’s, Nuremberg, Germany, Bristol, England, AFP, China, France, Egypt
The affair – black-tie for attendees, white-tie for the headliners – is named after the first major-party Catholic presidential nominee, four-term New York Gov. Harris did tell the dinner’s organizers that she hoped to attend the event in the coming years – as president, a campaign official said. Biden was elected the following month as the nation’s second Catholic president. Gaffigan promoted the dinner on social media on September 12 in response to Trump’s announcement that he would not debate Harris again. “Vice President Harris is ready for another opportunity to share a stage with Donald Trump,” campaign chair Jen O’Malley Dillon said in a statement.
Persons: Kamala Harris, Al Smith, Donald Trump, Hillary Clinton, , Smith, Republican Herbert Hoover, Democrat John F, Kennedy, New York Cardinal Timothy Dolan, Trump, Clinton, , Hillary, York Cardinal Timothy Dolan, Alfred E, Jonathan Ernst, Dolan, Harris, Joe Biden, Biden, Jim Gaffigan, Gaffigan, ” Gaffigan, Jen O’Malley Dillon, “ Donald Trump, ” Trump Organizations: CNN, Catholic, New York Gov, Democratic, Republican, Democrat, White House, New York, York, Smith, Foundation, Reuters, Trump, Al Locations: New York City, Midtown Manhattan, , Wilmington , North Carolina
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGoldman Sachs: Current valuations make Korea an attractive opportunity for investorsTimothy Moe of Goldman Sachs believes it’s only a matter of time before shareholders benefit from Korea's Value Up Program.
Persons: Goldman Sachs, Timothy Moe, it’s Locations: Korea
Lot of alpha opportunities under the hood in China A-shares: GS
  + stars: | 2024-09-20 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPlenty of alpha opportunities under the hood; stay invested in China A-shares: Goldman SachsTimothy Moe of Goldman Sachs highlights short-term opportunities in H-shares and long-term potential in A-shares as China’s structural transformation takes shape, but advises a selective approach within these markets.
Persons: Goldman Sachs Timothy Moe, Goldman Sachs Locations: China
Artificial intelligence is expected to transform the way companies do business, including those in financial planning and investment management. That means financial advisors need to get onboard or risk being left behind. Of course, financial advisors have been using some technology, like financial planning software, for years. Still, AI will help financial advisors do their jobs better — not necessarily put them out of work. What to do Nexus Strategy's Welsh believes financial advisors should begin getting comfortable with current AI capabilities.
Persons: Craig Iskowitz, Anthropic's Claude, Vincent Gudsdorf, Leo Kelly, Verdence, Kelly, Timothy Welsh, Welsh, Iskowitz, That's, Verdence's Kelly, It's Organizations: Ezra Group, AIs
The median house price in the U.S. is now 5.8 times more than the median annual income of $80,000. That was, after all, the median price for a house in the area at the time. Jonathan OchartThe median price of a home in Los Angeles county is just under $960,000, according to Zillow listings data. It's just not a level playing field," says Ochart about the income now needed to afford a home. In Grand Rapids, median home prices were on the rise before the pandemic and then soared 54% from 2020 to $285,000 in June 2024, according to Zillow sales data.
Persons: Kelcie Lesko, Tim Khalil, Lesko, Khalil, they'll, Gen Xers, What's, — there's, they're, Daryl Fairweather, Kelly Diehr, homebuyers, you'd, Diehr, Jonathan Ochart, Ochart, It's, Timothy Ham, Timothy Ham couldn't, Ham, you've, That's, boomer, it's, Lawrence Yun, Millennials, Ramit Sethi, Rich, Brad Klontz, homebuying Organizations: CNBC, Homes, LA, National Association of Realtors, NAR Locations: New Jersey, Monmouth County, North Brunswick, Lesko, homeownership, U.S, Denver, Brazil, Los Angeles and New York, San Antonio, Los Angeles, Antonio, Texas, LA, Boise , Idaho, Tacoma , Washington, Grand Rapids , Michigan, Grand Rapids, Kalamazoo
watch nowDrugmakers are betting that delivering radiation directly to tumors will become the next big cancer breakthrough. That can allow the treatment to deliver radiation to cancer cells and spare the rest of the body from the level of damage that comes with many cancer drugs. For Pluvicto, patients come in once every six weeks for up to six treatments. One opportunity Bristol Myers Squibb sees is combining radiopharmaceuticals with existing cancer drugs like immunotherapy, said Robert Plenge, Bristol's chief research officer. But she thinks the technology will become an important part of cancer drugs in the next decade.
Persons: Eli Lilly, They've, Michael Schmidt, Schmidt, Franco Origlia, Jacob Van Naarden, Eli Lilly's, Lilly, Biopharma, Van Naarden, Radiopharmaceuticals, Bristol Myers, Ben Hickey, RayzeBio, Hickey, Victor Bulto, Bulto, Timothy Korytko, Ronald Coy, Sharon, Ronald Coy Ronald Coy, Coy, who's, Coy hasn't, she's, we've, Eli Lilly's Van Naarden, Bristol Myers Squibb, Robert Plenge, Susan Galbraith, Galbraith Organizations: Bristol Myers Squibb, AstraZeneca, Guggenheim Securities, Novartis, NSA, Pharmaceutical, Bassett Healthcare Network, Bristol, Fusion Pharmaceuticals, Guggenheim Locations: Aedea Rome, Italy, radiopharmaceuticals, Swiss, FactSet, Bristol, Indiana, U.S, New York, Bassett
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