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☆ A moose was killed after wandering onto a Connecticut airport, and people are asking why it wasn't relocated instead
▼ + stars: | 2023-06-12 | by ( Marielle Descalsota | ) www.businessinsider.com time to read: +2 min

A moose was killed after wandering onto a Connecticut airport, per AP. But several online users are asking why the moose wasn't relocated out of the airport instead. A moose was killed after wandering onto the grounds of a Connecticut airport — but online users are asking why the animal wasn't relocated instead. A video posted on Twitter by the local TV station WFSB showed a frail-looking moose wandering about on a road. Several online users were left asking why the moose was euthanized instead of being relocated.

Persons: wasn't, James Fowler, it's Organizations: Authorities, Bradley International, Associated Press, Twitter, Department of Energy, Environmental, AP Locations: Connecticut

☆ Trump and Special Counsel Signal Early Strategies for Criminal Case
▼ + stars: | 2023-06-11 | by ( C. Ryan Barber | James Fanelli | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/trump-and-special-counsel-signal-early-strategies-for-criminal-case-45e6752c

Persons: Dow Jones

☆ Goldman Sachs: These are the 24 best AI stocks to buy now as the technology boosts productivity and profits for decades
▼ + stars: | 2023-06-10 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Here are 24 top stocks to buy for exposure to AI, according to Goldman Sachs. Although artificial intelligence (AI) has been on everybody's minds lately, Goldman Sachs thinks investors may still be underselling how influential the technology can be. Goldman Sachs expects that AI will dramatically improve economic productivity and corporate earnings across the market. Stocks should be trading higher now based on how AI will impact businesses in the future, Goldman Sachs argued. Below are the 24 stocks in Goldman Sachs' AI basket, along with the ticker, market capitalization, and forward price-to-earnings (P/E) ratio for each.

Persons: Goldman Sachs, Ryan Hammond, Goldman, Hammond, Cashin, Goldman Sachs isn't Organizations: UBS, Microsoft, Intel

☆ Russians Are Charged in Crypto-Theft in Hack of Mt. Gox Exchange
▼ + stars: | 2023-06-09 | by ( James Fanelli | Alexander Osipovich | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ George Santos’s Family Members Cosigned Bond in Fraud Case, Lawyer Says
▼ + stars: | 2023-06-09 | by ( James Fanelli | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/george-santoss-family-members-cosigned-bond-in-fraud-case-lawyer-says-3f923b55

Persons: Dow Jones

☆ A top-1% fund manager over the past 3 years shares how he's consistently outperformed throughout wildly different markets — and 8 of his favorite places to invest right now
▼ + stars: | 2023-06-09 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Here are eight companies or areas of the market that Muhlenkamp said he's bullish on. Regardless of what's happened in the economy or markets, the veteran investor's namesake Muhlenkamp Fund (MUHLX) has found a way to dominate. Although energy stocks have since reversed to become the worst-performing sector of 2023, Muhlenkamp said he's stuck with the group while riding the broad rebound in technology stocks. Two other tech companies Muhlenkamp mentioned are semiconductor firms Broadcom (AVGO) and Microchip (MCHP). Outside of technology, Muhlenkamp said he continues to like stocks tied to housing and financials, including certain regional banks.

Persons: Jeff Muhlenkamp, Muhlenkamp, he's, I'd, Morningstar, Goldman Sachs, they've, they're, He's Organizations: Muhlenkamp, Apple, Microsoft, Apple Watch, Vision, Broadcom, Bank, Federal Locations: Regional

☆ Here's exactly where 6 top investment firms recommend putting your money right now as US stocks start to break out
▼ + stars: | 2023-06-08 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

It has a market-weight rating on six sectors: consumer discretionary, energy, industrials, information technology, materials, and real estate. Goldman SachsGoldman's favorite sectors haven't changed since late April: it's still overweight consumer staples, energy, healthcare, and communication services. Morgan StanleyMorgan Stanley's top sectors are consumer staples, healthcare, and utilities, which reflects its defensive outlook about stocks. The firm is neutral about communication services, energy, financials, industrials, materials, real estate, and tech (excluding cyclicals). It has a neutral "perform" rating on almost all other sectors, including communication services, consumer staples, energy, financials, healthcare, materials, and real estate.

Persons: — Goldman Sachs, Morgan Stanley, Oppenheimer, Truist —, BofA, Savita Subramanian, Goldman Sachs, it's, Morgan Stanley Morgan Stanley's Organizations: Investors, Bank of America, BMO Capital Markets, Tech Locations: Charlotte

☆ Opinion | Orange Skies, Red Alerts and the Future
▼ + stars: | 2023-06-08 | by ( Paul Krugman | ) www.nytimes.com time to read: +1 min

Not with a bang — that is, a sudden, universal catastrophe — but with a series of smaller, more local catastrophes that keep getting bigger and more widespread. I’ve been seeing a surprising number of complaints about the amount of media space devoted to New York’s orange skies and red alerts. The recent intensified problem of wildfire pollution in the Western United States, by contrast, was indeed a harbinger of coming climate-related disaster, and should have been seen as such. The problem, however, isn’t that the air quality disaster in New York (and much of the Eastern United States) is receiving too much attention, but that its predecessors received too little. Yes, it’s unfair that smoke-filled skies in New York, still the center of the media universe, get noticed in a way that comparable crises elsewhere don’t.

Persons: I’ve, James Fallows Organizations: The, Western, Eastern Locations: Pacific, Western United States, New York, Eastern United States

☆ Goldman Sachs: Hedge fund managers' favorite stocks have beaten the market this year — here are the 50 companies they're most confident in right now
▼ + stars: | 2023-06-06 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

Goldman Sachs shared the 50 stocks that hedge fund managers are bullish on now. "Mega-cap tech has been a performance tailwind for hedge funds," Kostin wrote in the note. 50 stocks that hedge funds love nowAlthough mimicking hedge fund managers' every move hasn't been a winning strategy in 2023, investing in just their favorite picks would have led to significant outperformance. Hedge fund managers' top holdings have risen 17% year-to-date, which is even better than the S&P 500's gain. Goldman Sachs recently analyzed the top holdings of 740 hedge funds that have a combined $2.2 trillion in equities.

Persons: Goldman Sachs, David Kostin, it's, Kostin, Russell, hasn't Organizations: Mutual

☆ George Santos Wants Names of Bond Cosigners in Fraud Case Sealed
▼ + stars: | 2023-06-05 | by ( James Fanelli | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/george-santos-wants-names-of-bond-cosigners-in-fraud-case-sealed-27ce4c58

Persons: Dow Jones, george, santos

☆ UBS: Buy these 53 stocks that could rise at least 20% as they profit from the AI revolution
▼ + stars: | 2023-06-05 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

Here are 53 buy-rated stocks that will benefit from AI, and have at least 20% upside. Ironically, the UBS note was published just a day after one of the firm's own pundits, Art Cashin, compared the AI stock boom to the dot-com bubble. 53 buy-rated AI stocks to invest inIn the report, Briest and his colleagues put together a list of over 180 firms that will either be significantly helped or hurt by the continued growth of AI. Insider reviewed that list and highlighted the companies that will be positively impacted by AI, and have both a buy rating from UBS and at least 20% upside to the firm's price targets. Below are the 53 buy-rated companies that will be boosted by AI and have 20% upside or more from current levels, according to the price targets set by the UBS analyst that covers them.

Persons: Michael Briest, Cashin, it's, Briest Organizations: UBS, Accenture

☆ History says stocks could rise 22% in the next year as the market rally builds momentum — and investors can profit by buying these 11 stocks, according to BMO Capital Markets
▼ + stars: | 2023-06-03 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

But leading strategists at BMO don't see that narrow breadth as a serious concern. Investors shouldn't be too unsettled by the bad breadth in the stock market this year, according to top strategists at BMO Capital Markets. BMO Capital MarketsThose tech giants have beaten the broader market each of the first five months of 2023 and have crushed the S&P 500 overall. BMO Capital Markets"We found that narrow market breadth in general does not represent a bad omen for S&P 500 performance despite the contrary narrative being pushed by many investors," Belski wrote. Such scenarios have put the S&P 500 in positive territory 100% of the time in the following three and six months, with returns of at least 6%, Belski noted.

Persons: Brian Belski, Belski Organizations: BMO, BMO Capital Markets, Microsoft, Nvidia, BMO Capital

Sen. Bob Menendez (D., N.J.) chairs the Senate Foreign Relations Committee. Photo: Al Drago/Bloomberg NewsSen. Bob Menendez hosted a 2018 meeting in his Washington, D.C., office with a New Jersey businessman who is a focus of a federal public-corruption probe of the Democratic lawmaker that has broadened in recent weeks, according to people familiar with the matter. The meeting, which hasn’t been previously reported, came months before the businessman, Wael Hana , secured a contract with Egyptian officials for certifying halal meat exports. The contract is a key part of the probe examining whether Menendez, who chairs the Senate Foreign Relations Committee, or his wife received gifts in exchange for political favors.

Persons: Sen, Bob Menendez, Al Drago, Bloomberg News Sen, hasn’t, Wael Hana, Menendez Organizations: Foreign Relations, Bloomberg News, D.C, Democratic Locations: N.J, Washington, New Jersey

☆ How begpackers became some of the world’s least popular tourists
▼ + stars: | 2023-06-01 | by ( Lilit Marcus | ) edition.cnn.com time to read: +8 min

James, a comedian, is one of the posters behind the Instagram page Chaotic Hong Kong Expats. But the age of social media has catapulted the activity into public consciousness with a wave of begpacking-shaming Instagram accounts and Facebook pages. “Hong Kong is a very expensive place to live and the average (monthly) wage is 15,000 Hong Kong dollars ($1,915). Viral social media photos of begpackers in places like Malaysia, Indonesia and Hong Kong have been appearing on social media in recent months, re-igniting debate over the issue. “I think it kind of represents the growing arena of location-independent tourists blurring boundaries between leisure and work,” says Bernstein.

Persons: Ashley James, “, James, ”, ” James, Stephen Pratt, He’s, Pratt, –, begpackers, Patrick Leigh Fermor, ’ ”, ” Will Hatton, “ you’ve, ” Joshua Bernstein, Bernstein, begpack, Raphael Pangalangan, Begpacking, ” Pangalangan, ” Hatton, Hatton, it’s Organizations: Hong Kong CNN, Hong, Rosen, of Hospitality Management, University of Central, Hong Kong Polytechnic, Language Institute, Thamassat University, Michelin, European Union Locations: Hong Kong, Asia, Kong, Thailand, India, Indonesia, begpackers, University of Central Florida, Hong, Kowloon, Europe, begpacking, Bangkok, North America, Malaysia

☆ Goldman Sachs: Cash in on the $7 trillion AI explosion by making these 15 trades now
▼ + stars: | 2023-06-01 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Artificial intelligence is rapidly gaining momentum this year as it gets more advanced. Here are 15 buy-rated stocks from Goldman Sachs that investors can get exposure to now. Once a niche technology, artificial intelligence (AI) has moved firmly into the mainstream in 2023 and become too big to ignore, according to Goldman Sachs. Goldman Sachs15 AI stocks to add exposure to nowInvestors who are interested in profiting from the AI wave should consider the 15 stocks that were highlighted in Phani's note that have a buy rating from Goldman Sachs and are either directly advancing AI or are indirectly enabling it. Below are the 15 stocks tied to AI that Goldman Sachs is bullish on right now.

Persons: Goldman Sachs, Phani Organizations: Nvidia, Microsoft, Google, Companies, Investors

What had started as a diary of hair styles and piercings grew into a conceptual art project as Echeverri evolved as an artist. “I don’t want to overburden the work,” says Tillmans, who prefers to see it as Echeverri was: sly, cerebral and self-deprecating. The exhibit in New York also includes “Identidad Payasa” (2017), a series of double portraits where the artist shared the lens with street clowns in Mexico City. First, Echeverri would take their photos in full costume, then ask the clowns to recreate the look on him, a way of embodying their position. Tillmans says the photos show how much Echeverri empathized with the clowns — they were both artists, putting on a visual performance and wearing masks.

Persons: Juan Pablo Echeverri, James Fuentes, Wolfgang Tillmans, ”, Tillmans, Echeverri, Miss Fotojapón, ” yokes, —, “ Organizations: Miss Locations: Manhattan, Bridges, Berlin, León, Mexico, Colombia, New York, Mexico City

☆ Biden Has a Kennedy Problem
▼ + stars: | 2023-05-31 | by ( James Freeman | ) www.wsj.com time to read: 1 min

James Freeman is assistant editor of The Wall Street Journal's editorial page and author of the weekday Best of the Web column. He is the co-author of "Borrowed Time: Two Centuries of Booms, Busts and Bailouts at Citi," recognized as a New York Times Editors' Choice and a Financial Times Business Book of the Month. He is a contributor to the Fox News Channel and a host of "Deep Dive" on Fox Nation. Before joining the Journal in September 2007, James served as investor advocate at the U.S. Securities and Exchange Commission, where he encouraged the transformation of financial reporting technology to benefit individual investors. Follow James on Twitter @FreemanWSJ

Persons: James Freeman, Bailouts, James Organizations: Citi, New York Times, Financial, Fox News Channel, Fox Nation, U.S . Securities, Exchange Commission, Yale, Twitter

☆ Elizabeth Holmes’s Victims Likely Won’t Get Much Restitution for Theranos Fraud
▼ + stars: | 2023-05-31 | by ( James Fanelli | Corinne Ramey | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/elizabeth-holmess-victims-likely-wont-get-much-restitution-for-theranos-fraud-7324deb1

Persons: Dow Jones, elizabeth, holmess

☆ A top-1% fund manager shares his 4-part process for finding outstanding stocks without overpaying — and shares 6 of his favorite names to buy now
▼ + stars: | 2023-05-31 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

His investing process revolves around finding quality stocks with growth that are still discounted. Here are Pitkowsky’s secrets to success — and six stocks he’s bullish on right now. That puts it on pace for its best relative finish since Pitkowsky launched the fund in 2011. In a recent interview with Insider, the fund manager said he's "pleased but not satisfied" with how he's fared this year. 6 top stocks to buy nowWhen Pitkowsky finds stocks that match that description, he's not shy about loading up on them.

Persons: Larry Pitkowsky, —, Larry Pitkowsky's, Morningstar, Pitkowsky, hasn't, he's, Stocks, there's Organizations: Companies

☆ Sam Bankman-Fried Could Have Some Charges Dropped if Bahamas Objects
▼ + stars: | 2023-05-30 | by ( James Fanelli | Corinne Ramey | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/sam-bankman-fried-could-have-some-charges-dropped-if-bahamas-objects-f3c22fce

CNN —A beluga whale widely speculated to be an alleged Russian “spy” has entered Swedish waters, according to OneWhale, an organization set up to protect the animal’s health and welfare. “After four years of swimming south down the coast of Norway, Hvaldimir – known worldwide as the ‘Russian spy’ beluga whale – is now in Swedish waters,” OneWhale said in a statement on Monday. “But the famous beluga skirted around the dangerous waters of Oslo for Sweden,” OneWhale’s statement said. The whale “tends to stay at farms where it has been able to catch fish, grazing on surplus feed,” the directorate added. In 2019, experts told CNN that Hvaldimir was a trained animal, and evidence suggested that the whale had come from Russia.

☆ Stubbornly high inflation is leading to record rent growth — but these 25 cities are more affordable than they were last year
▼ + stars: | 2023-05-28 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

Here are 25 cities where rent is either lower or the same as in 2022, according to a new report. Rent growth in the US hit a record high in May after accelerating for the first time in five months, according to a recent report from online rental platform Zumper. Renters' reluctance to ditch their apartments for homes can be traced to lofty mortgage rates that have risen in response to stubbornly high inflation. A Friday report revealed that core PCE, which is a common proxy for price growth, came in hotter than the market expected in April. Along with each city is its year-over-year and month-over-month rent growth, average rent price, and national rent ranking among the largest 100 US cities.

☆ Goldman Sachs: Buy these 51 beaten-down stocks that will outperform if the US avoids a recession
▼ + stars: | 2023-05-27 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

Goldman Sachs is still projecting solid economic growth in 2023 and 2024. The US economy seems to be running on fumes after last quarter's anemic GDP report, but Goldman Sachs still believes that there won't be a recession in the next year. David Kostin, the chief US equity strategist at Goldman Sachs, noted in a recent report that inflation is steadily slowing. Regardless, Goldman Sachs is betting that there won't be a big spike in jobless claims this year. If the US economy continues to expand, the S&P 500 should stay afloat, in Goldman Sachs' view.

☆ A.I. excitement leads to a winning week for Nvidia and other tech stocks
▼ + stars: | 2023-05-26 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Artificial intelligence plays led the stock market higher this week, as excitement over Nvidia's blowout earnings beat lifted other tech names. As of Friday morning, the AI darling is up nearly 22% week to date and still has 11% upside to the average analyst price target, per FactSet. However, it has about 3.5% downside to the average analyst price target. Meanwhile, Advanced Micro Devices gained nearly 18% week to date but has 15% downside to the average analyst price target. Lastly, Arista Networks has added nearly 15% so far this week and has another 4% upside to the average analyst price target.

☆ A portfolio manager who runs 3 of the 10 best large-cap funds in the past year shares his surprisingly simple investing strategy — and the 4 places he's putting his money now
▼ + stars: | 2023-05-24 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

Leading fund manager Matt Fruhan found success this year by continuing to prioritize valuations. Two of those standout funds, the Fidelity Mega Cap Stock Fund (FGRTX) and the Fidelity Advisor Mega Cap Stock Fund (FGTAX), are virtually identical, except for their class and ticker. The fund manager told Insider that he applies the same investing process and principles across all of his funds. "Some investors are kind of reactive to the market and let the market tell them what to think," Fruhan said. And that's how you get separation from the stock market over time."

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