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☆ Welcome to the 'tepid twenties,' a decade of sluggish growth and rising debt, IMF chief says
▼ + stars: | 2024-04-11 | by ( Filip De Mott | ) www.businessinsider.com time to read: +1 min

A decade of low growth and high debt is coming, IMF chief Kristalina Georgieva said in a Thursday speech. Medium-term global growth will reach just above 3% as productivity tumbles, the IMF estimates. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe world could soon sink into an era of depressed growth and spiraling debt, IMF managing director Kristalina Georgieva said in a speech delivered at an Atlantic Council event. "Without a course correction, we are indeed heading for 'the Tepid Twenties' — a sluggish and disappointing decade," she said Thursday.

Persons: Kristalina Georgieva, — Organizations: IMF, Service, Atlantic, Business

☆ Deepwater's Gene Munster shares his bull case for Tesla
▼ + stars: | 2024-04-02 | 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 EmailDeepwater's Gene Munster shares his bull case for TeslaGene Munster, Deepwater Asset Management, joins 'Fast Money' to explain his bull case for Tesla as the stock tumbles on disappointing Q1 deliveries.

Persons: Deepwater's Gene Munster, Tesla Gene Munster, Tesla Organizations: Deepwater's, Deepwater Asset Management

☆ It’s jobs week. Here’s what to watch for
▼ + stars: | 2024-04-02 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

New York CNN —Welcome to jobs week. Fed Chair Jerome Powell said last week that a weakening labor market would be a reason to reduce interest rates. It’s hard to imagine that this jobs report will substantially move the needle on Fed policy, said Michael Brown, a senior research strategist at Pepperstone. The Conference Board’s February Consumer Confidence survey found that “Consumers’ appraisal of the labor market was more positive in March” than in previous months. The week ahead: While the main event this week is Friday’s jobs report, there’s plenty of other jobs data this week for traders to grab on to.

Persons: Jerome Powell, I’ll, nonfarm, ”, Dave Sekera, “, ‘, we’re, Goldman Sachs, Michael Brown, Powell, Brown, It’s, Donald Trump, Matt Egan, Trump, That’s, Natasha Chen Organizations: CNN Business, Bell, New York CNN, Federal Reserve, Goldman, Labor, Stanford, Social, Trump Media & Technology Group, Trump Media Locations: New York, ”, California

☆ PVH's stock tumbles on weak revenue guidance
▼ + stars: | 2024-04-01 | 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 EmailPVH's stock tumbles on weak revenue guidanceZachary Warring, CFRA Equity Research Analyst, joins 'Closing Bell Overtime' to talk PVH earnings after the stock dropped significantly on results.

Persons: Zachary Warring Organizations: CFRA Equity Research

☆ CNBC Daily Open: Baltimore port shutdown a major disruption
▼ + stars: | 2024-03-27 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. India is one of the biggest markets for gold, which plays a key role in its culture. Scramble over port shutdownLogistics firms are left scrambling after the closure of the Port of Baltimore, one of the busiest ports in the U.S. Cocoa prices soarCocoa prices are surging and this could impact consumers as the world struggles with a supply deficit.

Persons: Yen tumbles, Dow, BlackRock's Larry Fink, Francis Scott Key, Richard Meade, Paul, Vahan Janjigian Organizations: CNBC, Nikkei, CSI, Nasdaq, Rabobank, Greenwich Wealth Management Locations: Seng, Blackrock, India, Port of Baltimore, U.S, Baltimore

☆ CNBC Daily Open: Another hot inflation gauge fuels worry
▼ + stars: | 2024-03-15 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Why Japan's wage talks matterJapan's "shunto" wage negotiations hit fever pitch this week as several corporate giants revealed salary increases. "I think the legislation should pass and I think it should be sold," Mnuchin told CNBC. [PRO] Look beyond NvidiaInvestment firm Fidelity International said investors should look beyond highfliers like Nvidia to ride the AI wave.

Persons: Dow, Steven Mnuchin, Mnuchin Organizations: CNBC, Nasdaq, Bank of, U.S, HSBC bullish, Nvidia Investment, Fidelity International, Nvidia Locations: U.S, China

☆ 17 crucial upgrades helped SpaceX finally get Starship to space without exploding
▼ + stars: | 2024-03-15 | by ( Ellyn Lapointe | ) www.businessinsider.com time to read: +6 min

SpaceX's third test launch of its Starship mega-rocket went off without a hitch. SpaceX has made a series of upgrades to the rocket system that helped it finally reach space. As for Starship, SpaceX added three new angled liquid oxygen vents to the underside of the engine skirt that likely helped with attitude control. AdvertisementWhile this was the most successful Starship test launch to date, it didn't achieve all mission objectives. AdvertisementSpaceX officials said the company plans to complete at least six more Starship test flights this year, subject to regulatory approval, Reuters reported.

Persons: —, we've, Siva, Jonathan Newton, cowbell, Starship, it's, Kate Tice Organizations: SpaceX, Service, Federal Aviation Administration, Washington, Getty, FAA, Business, Super, NASA Spaceflight, SpaceX Quality Systems, Reuters Locations: Starbase, Boca Chica , Texas

☆ Will Starship explode again, or will it finally reach orbit? Watch the launch live and see for yourself.
▼ + stars: | 2024-03-13 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +3 min

SpaceX's Starship, the world's largest rocket, may launch toward orbit on Thursday. If Starship reaches orbit it will be a major spaceflight achievement. AdvertisementWatching a rocket launch is a thrilling experience. Watching SpaceX's Starship, the world's largest rocket ever, is even more exciting. Screenshot of SpaceX's Starship-Super Heavy rocket on launch pad.

Persons: —, SpaceX SpaceX's, Starship's Organizations: Service, SpaceX, Super, NASA Locations: Australia

Stocks retreated on Friday, closing out a turbulent week as Nvidia 's incredible run took a breather. The broad S&P 500 pulled back by 0.26% this week, while the blue-chip Dow and tech-heavy Nasdaq fell 0.93% and 1.17%, respectively. That decline marked the worst week for the 30-stock Dow since October. The artificial intelligence darling finished down more than 5% in its worst session since late May. Despite that breather, Nvidia shares still finished up more than 6% on the week.

Persons: Stocks, Sam Stovall, We've Organizations: Nvidia, Nasdaq, Dow Jones Industrial, Dow, CFRA Research

☆ New York Community Bancorp tumbles 40% and is halted as troubled bank reportedly seeking cash infusion
▼ + stars: | 2024-03-06 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Reuters and the Wall Street Journal reported Wednesday that the bank was looking to outside investors for cash to shore up its balance sheet. fell more than 40% on Wednesday amid reports that the regional bank is seeking a cash infusion. A cash infusion would be the latest development in a turbulent start to the year for NYCB. The bank disclosed in late January that it was dramatically raising the allowance for potential loan losses on its balance sheet. The questions surrounding NYCB are reminiscent of those that swirled around Silicon Valley Bank, Signature Bank and First Republic before all three failed in the spring of 2023.

Persons: Alessandro DiNello, NYCB, DiNello Organizations: Reuters, Wall Street, CNBC, New York Community Bancorp, NYCB, Moody's, Silicon Valley Bank, Signature Bank, First Locations: Silicon, NYCB

☆ Dow tumbles more than 400 points as tech woes rattle Wall Street
▼ + stars: | 2024-03-05 | by ( Krystal Hur | ) edition.cnn.com time to read: +1 min

New York CNN —Stocks tumbled Tuesday with tech stocks leading the way, continuing to retreat from record highs set last week. The Dow fell 405 points, or 1%, after declining more than 500 points at its session lows. The S&P 500 slipped 1% and the Nasdaq Composite slid 1.7%. That comes after the Nasdaq Composite last week reached a new all-time high for the first time since 2021, while the S&P 500 also surged to a new record high. Other tech stocks fell.

Persons: Stocks, Dow Organizations: New, New York CNN, Nasdaq, Apple, Research, Bloomberg, Meta, Microsoft, Micron Technologies Locations: New York, China

☆ NYCB stock tumbles to lowest level since 1996
▼ + stars: | 2024-03-04 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +2 min

New York CNN —Shares of New York Community Bank (NYCB) fell 23% Monday, hitting their lowest level since 1996. The issues caused a $2.4 billion loss to shareholders last quarter, NYCB said. That caused the stock to plunge, bringing it to its lowest level since 1997. NYCB’s troubles are having a mixed effect on other regional bank stocks. Shares of Valley National Bank (VLY) closed 5.6% lower on Monday, while Zions Bancorporation (ZION) closed 1% higher.

Persons: NYCB, Alessandro DiNello, Zions Organizations: New, New York CNN, New York Community Bank, Fitch, Moody’s Investors Service, First Republic Bank, Silicon Valley Bank, Signature Bank, National Bank Locations: New York, Silicon, NYCB, ZION

☆ ‘Water for Elephants’ Brings the Circus to Broadway
▼ + stars: | 2024-02-25 | by ( Alexis Soloski | Peter Fisher | ) www.nytimes.com time to read: +1 min

At the sound of a gunshot, a performer, wreathed in white silks, tumbles from the ceiling. His body somersaults, over and over, faster and faster, until it hangs suspended, just above the stage floor. This scene, in the first act of “Water for Elephants,” a new musical that begins previews Feb. 24 at the Imperial Theater, portrays the death of an injured horse. And it captures the singular methods of the show — a synthesis of theater and circus, bedazzled for a Broadway audience. “In musicals, you talk until you have to sing and you sing until you have to dance,” Jessica Stone, the director of “Water for Elephants,” explained.

Persons: Jessica Stone, ”, Rick Elice, Sara Gruen’s, Jacob Jankowski, Grant Gustin, Gregg Edelman Organizations: Imperial, PigPen Theater

☆ Nvidia tumbles ahead of earnings report, providing an opening for new investors
▼ + stars: | 2024-02-20 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +3 min

Nvidia shares were down sharply, one day before the leading artificial intelligence chipmaker's pivotal earnings report Wednesday evening. Tuesday's stock decline presents a great entry point for investors who don't own Nvidia, according to Jim Cramer. Investors who have been waiting for an opportunity to own Nvidia are getting one Tuesday, Jim said. Even for investors who have long owned the stock, Nvidia's decline Tuesday was welcome news. That is especially true if Nvidia's results and guidance don't surpass expectations at all.

Persons: Jim Cramer, Nvidia's, Jim, outperformance, it's, Jim Cramer's, Marlena Sloss Organizations: Nvidia, Investors, Nvidia's, Microsoft, Meta, CNBC, Bloomberg, Getty Locations: Santa Clara , California

☆ SolarEdge tumbles on weak first quarter guidance
▼ + stars: | 2024-02-20 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

SolarEdge 's stock tumbled Tuesday after the company gave weak guidance for the first quarter. Revenues: $316 million, vs. $354 million expected. SolarEdge reported a net loss of $162 million for the fourth quarter, or $2.85 per share, compared to a net profit of $20.8 million in the year-ago period. Excluding certain items, the company reported a loss of 92 cents per share for the quarter, beating the $1.17 loss per share expected by Wall Street. SolarEdge's posted revenues of $316 million for the quarter, down 65% from the $890.7 million in sales the company reported in same period in 2022.

Persons: SolarEdge, SolarEdge's, Zvi Lando, Lando Organizations: LSEG, Wall

☆ Hindenburg's latest short target Temenos rejects allegations as share price tumbles
▼ + stars: | 2024-02-16 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +2 min

Shares in Swiss software company Temenos were down over 6% on Friday afternoon, extending Thursday's losses when they closed over 28% lower. Temenos on Thursday released a statement saying its board of directors "fundamentally refutes" a report by short-seller Hindenburg Research. Temenos shares were down 6.1% at 1:17 p.m. London time, trading around 59.66 Swiss francs ($67.67). In its statement, Temenos said Hindenburg's report "contains factual inaccuracies and analytical errors, together with false and misleading allegations ... Its Adani report, published in early 2023, accused the company of "brazen stock manipulation and accounting fraud scheme over the course of decades."

Persons: Temenos, Hindenburg Research's, Hindenburg, Carl Icahn's Icahn, Adani Organizations: New York Stock Exchange, Hindenburg, CNBC Friday, Investment, Carl Icahn's Icahn Enterprises, Adani, Securities, Exchange Board Locations: London, Temenos, India

☆ Dow tumbles more than 400 points on hot inflation data
▼ + stars: | 2024-02-13 | by ( Krystal Hur | ) edition.cnn.com time to read: +2 min

New York CNN —Stocks tumbled on Tuesday after fresh data revealed that inflation eased somewhat but stayed stubborn in January. That comes after the Dow Jones Industrial Average on Monday notched a record high close, while the S&P 500 retreated from its record high. The Dow slid 490 points, or 1.3%, Tuesday morning after falling more than 500 points at its session lows. The Consumer Price Index revealed that prices rose by 3.1% for the 12 months ended in January, according to Bureau of Labor Statistics data released Tuesday. Atlanta Fed President Raphael Bostic told CNN in an exclusive interview published Monday that he doesn’t see the Fed cutting rates until the summer.

Persons: Stocks, Dow, ”, Greg Wilensky, Janus Henderson, Chris Zaccarelli, Raphael Bostic, Carl Icahn Organizations: New, New York CNN, Dow Jones, Nasdaq, of Labor Statistics, Traders, Federal Reserve, Janus, Janus Henderson Investors, Fed, Independent, Alliance, Atlanta Fed, CNN, JetBlue, Hasbro Locations: New York

☆ How to fight dementia, according to neurologists
▼ + stars: | 2024-02-12 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +17 min

What about diabetes, cancer, thyroid disease, high blood pressure or heart disease? Some of the questions might seem unexpected to those who don’t write about brain health. However, my risk of developing vascular dementia, the second most common type after Alzheimer’s disease, is elevated. "Such spikes cause brain inflammation, disrupt brain metabolism and increase shrinkage of the thinking part of the brain," Isaacson said. The National Institute on Aging currently supports nearly 500 active clinical trials on Alzheimer’s disease and related dementias.

Persons: Louise Dittner, Krysta, Ryan LaMotte, It’s, ”, Natalia Rost, “, Rost, ” Rost, Richard Isaacson, ” Isaacson, mockingbird …, birthed, it’s, I’ve, Isaacson, Sandee LaMotte Organizations: CNN, Comprehensive, Massachusetts General Hospital, Harvard Medical School, American Academy of Neurology, Boca Raton, Weill Cornell Medicine, Presbyterian, Mayo Clinic, Volunteers, Alzheimer’s, National Institute on Aging, National Institutes of Health Locations: Massachusetts, Boston, neonatologists, Florida, United, New York, New York City, Nature

Tesla plungesElon Musk and Tesla shareholders are at a crossroads. Shares are down roughly 8 percent on Thursday in premarket trading after Wednesday’s lackluster year-end results. He asked investors to look beyond 2024, predicting a “major growth wave” fueled by a low-cost Tesla model that will be built partly in Austin, Texas, and Mexico. The latest stock fall comes after Tesla reported that fourth-quarter profit nearly doubled to $7.9 billion — largely thanks to a one-time tax break. The company also declined to give detailed full-year guidance, but said it expected sales growth to be “notably slower.”

Persons: Tesla, Elon Organizations: Tesla Locations: North America, Europe, China, Austin , Texas, Mexico

☆ Jacob Elordi dives headfirst into ‘Saturday Night Live’ hosting gig in new video
▼ + stars: | 2024-01-17 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +1 min

CNN —Jacob Elordi is taking a step – and a bit of a tumble – toward preparing for his “Saturday Night Live” hosting debut in a new promo for the upcoming episode this weekend. After many hilariously feeble attempts, Elordi finally manages to take that step, but tumbles into a full face-plant right on the stage. Johnson and Hernandez are then seen fleeing the area, trying to pretend nothing happened. Splayed out on the floor, Elordi lifts his head just high enough to say, “I’m good!”The upcoming episode of “SNL” is the first show of 2024. Elordi will make his hosting debut alongside musical guest – and star of the new “Mean Girls” reboot – Reneé Rapp.

Persons: Jacob Elordi, he’s, Kim Kardashian, Zac Efron, Elordi, Punkie Johnson, Marcello Hernandez, Johnson, Hernandez, – Reneé Rapp, HBO’s, Booth, ”, Elvis Presely, Sofia Coppola, Priscilla ”, Emerald Fennell’s Organizations: CNN, SNL, NBC Locations: 8H

☆ Boeing’s stock tumbles after report warns investigation will open ‘a whole new can of worms’
▼ + stars: | 2024-01-16 | by ( David Goldman | ) edition.cnn.com time to read: +8 min

The Wells Fargo report, entitled “FAA audit opens up a whole new can of worms,” noted that Boeing’s quality control and engineering problems have been ongoing for years. After part of an Alaska Airlines] 737 Max 9 jet fell off the plane mid-flight, the likelihood of the US Federal Aviation Administration coming out of its investigation without significant findings was very low. The FAA last week opened an investigation into Boeing’s quality control after the Alaska Airlines incident. He also said Boeing is now more closely monitoring the work of a key supplier that builds the 737 Max fuselage. Wells Fargo analysts noted in their report that the FAA investigation could take some time to complete, noting many of its probes remain “under investigation” months after the original incidents.

Persons: Wells, ”, Max, Boeing “, Kirkland H, Donald “, Donald, David Calhoun, Stan Deal, Deal, Mike Whitaker, Calhoun, Jennifer Homendy, United Airlines —, —, Pete Muntean, Chris Isidore, Ramishah Maruf Organizations: New, New York CNN, Boeing, Wall, FAA, Alaska Airlines, US Federal Aviation Administration, NTSB, US, CNN, National Transportation, United Airlines Locations: New York, Portland , Oregon, Alaska, United, Indonesia, Ethiopia

☆ British fintech Revolut hits record revenue, profit tumbles
▼ + stars: | 2023-12-22 | by ( ) www.cnbc.com time to read: 1 min

British fintech Revolut's revenue rose 45% to a record 923 million pounds ($1.1 billion) in 2022, but net profit tumbled to 6 million pounds, down from 26 million pounds the year before, the company said in delayed annual accounts on Friday. The company had said it had 26.2 million customers, up almost 10 million from 2021. CEO Nikolay Storonsky said in the annual report that the company remains "committed to our ongoing UK banking licence application." Revolut, which ranked as the UK's most valuable start-up when it was valued at around $33 billion in 2021, applied for a UK banking licence early that year but is still awaiting approval. The company said in September it had received permission to delay filing its annual accounts for a second year running.

Persons: Nikolay Storonsky

☆ Grand Theft Auto VI publisher's stock tumbles after first trailer reveals the video game won't come out until 2025
▼ + stars: | 2023-12-05 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

The stock tumbled despite the long-awaited release of the first trailer for Grand Theft Auto VI. The video game is set to come out in 2025, meaning it'll have little to no impact on Take-Two's earnings next year. AdvertisementTake-Two Interactive's stock price tumbled in premarket trading Tuesday after the first trailer for "Grand Theft Auto VI" revealed that the hotly-anticipated title won't be released until 2025. AdvertisementPrevious title "Grand Theft Auto V" is one of the highest-selling video games of all time, having shipped around 190 million copies worldwide and netted Take-Two roughly $8 billion worth of revenue. Rockstar's 90-second video also confirmed that the game will take place in Vice City, the Grand Theft Auto universe's equivalent of Miami, and feature both a male and a female protagonist, as previously reported by Bloomberg News' Jason Schreier.

Persons: —, what's, Jason Schreier Organizations: Service, Rockstar Games, VI, YouTube, Twitter, Deutsche Bank, Bloomberg News Locations: Vice City, Miami

It is Arizona's turn to sit atop The Associated Press Top 25 men's college basketball poll. Arizona claimed 59 of 63 first-place votes to move up one spot, putting the Wildcats comfortably ahead of preseason No. 1 in the AP Top 25 since an eight-week stint that ended in January 2014 under former coach Sean Miller. In all, 14 teams climbed from last week's poll, including No. ___Get poll alerts and updates on AP Top 25 basketball throughout the season.

Persons: Tommy Lloyd's, Connecticut . Arizona hasn't, Sean Miller, Lloyd, “, ” Lloyd, Creighton, Duke, Tyrese Proctor, ___ Organizations: Press, Wildcats, Purdue, Northwestern, Jayhawks, NCAA, Connecticut ., Gonzaga, Colgate, Houston, Boilermakers, UConn, Baylor, North, Colorado State, Arkansas, Georgia Tech, Wisconsin, Marquette, Badgers, Clemson, San Diego, Villanova, Mississippi State, CONFERENCE, BYU, ACC, Big, Big East, West Conference, American Athletic, Sun Locations: Northwestern . Arizona, Kansas, Connecticut, Connecticut . Arizona, Northwestern, North Carolina, Oklahoma, Miami, Tennessee, Texas, San Diego State, Mississippi, Alabama, Coast

☆ US stocks edge higher ahead of holiday, crude tumbles
▼ + stars: | 2023-11-22 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

[1/3] A street sign for Wall Street is seen in the financial district in New York, U.S., November 8, 2021. All three major U.S. stock indexes were green ahead of the U.S. Thanksgiving holiday, with interest rate sensitive momentum stocks putting the tech-laden Nasdaq in the lead. "People feel good going into the Thanksgiving holiday," said Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia. The pan-European STOXX 600 index (.STOXX) rose 0.36% and MSCI's gauge of stocks across the globe (.MIWD00000PUS) gained 0.11%. Emerging market stocks lost 0.57%.

Persons: Brendan McDermid, Peter Tuz, Tuz, Sterling, Brent, Stephen Culp, Amanda Cooper, Deepa Babington Organizations: Wall, REUTERS, U.S, Nvidia, Federal Reserve, Chase Investment, Dow Jones, Nasdaq, Japan's Nikkei, Treasury, Fed, Federal, Thomson Locations: New York, U.S, China, Charlottesville , Virginia, OPEC, Asia, Pacific, Japan, London

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