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☆ Companies besides tech can reach megacap status, Jim Cramer says
▼ + stars: | 2024-07-08 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Monday suggested that it is not just Big Tech that has the capacity to lead the market. Cramer highlighted Eli Lilly , a pharmaceutical giant whose stock hit a new high during Monday's session and is currently valued at about $870 billion. "These companies maintain their status through invention," Cramer said of huge names such as Amazon , Meta , Apple , Microsoft , Alphabet and Nvidia . The question is why other companies aren't doing the same things that Eli Lilly's doing to get in the winner's circle." Eli Lilly did not immediately respond to CNBC's request for comment.

Persons: CNBC's Jim Cramer, Cramer, Eli Lilly, Eli Lilly's, Eli Lilly's Alzheimer's, — Organizations: Big Tech, U.S . Food, Drug Administration, Apple, Microsoft, Nvidia Locations: U.S

☆ A day in the life of Robert Rivani, a 34-year-old real-estate mogul with $750M in deals who left LA to invest in Miami
▼ + stars: | 2024-07-07 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +8 min

Read previewRobert Rivani got a taste for business flipping shoes as a teenager in his hometown of Los Angeles. At 18 years old, Rivani said he was approached to sell his shoe collection for over $150,000 and he took it. Rivani left California in 2022 to make his mark in Miami, where he's grown his real-estate portfolio. Even that 45-minute drive is valuable time, so his personal assistant or wife drives while Rivani texts and takes calls. Rivani has the luxury of having restaurants, including Delilah Miami, as tenants and can host multiple meetings in one location instead of bouncing around Miami.

Persons: —, Robert Rivani, Rivani, Lion, Williams, Harry Potter, Krystal, Anna Orsborn, I've, Delilah Miami, Michael Timzil Nio, — that's, we're, he's Organizations: Service, Jordan, Business, Beverly Hills, 1Ten, Vikings Locations: Los Angeles, California, Miami, South Florida, Miami Beach, Elm, Williams Sonoma, Beverly, East Coast

☆ Biden refuses to accept just how much trouble his campaign is in
▼ + stars: | 2024-07-06 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +3 min

Read previewPresident Joe Biden appears to be in denial with just how seriously his recent debate performance against Donald Trump has hurt his 2024 campaign. Related stories"Well, I don't believe that's my approval rating — that's not what our polls show," Biden responded. On the growing calls from Democratic lawmakers for the president to step down, Biden said he's met with many colleagues and none of them have advised him to suspend his campaign. Biden repeatedly said in the interview that the only person who could get him to step down is the "Lord almighty." A spokesperson for the Biden campaign told Business Insider that the president's interview with Stephanopoulos was just one of many moments that showcased that Biden is the right candidate to go against Trump.

Persons: —, Joe Biden, Donald Trump, George Stephanopoulos, Biden, Stephanopoulos, Mr, I've, he's Organizations: Service, ABC News, Trump, Democratic, Business, Democrats

☆ Samsung shares hit over 3-year high after better-than-expected guidance on strong AI demand
▼ + stars: | 2024-07-05 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

The stock climbed as much as 2.24% on Friday morning, trading at a high of 86,500 Korean won ($62.73), according to LSEG data. The expected operating profit beat a LSEG estimate of 8.51 trillion won. The firm also said it expects revenue for the second quarter to be between 73 trillion to 75 trillion won, from 60.01 trillion won a year ago. This is in line with the 73.7 trillion won estimated by LSEG analysts. The South Korean electronics giant saw record losses in 2023 as the industry reeled from a post-Covid slump in demand for memory chips and electronics.

Persons: Joan Cros Organizations: Samsung, Mobile, Getty, Samsung Electronics, South, LSEG, Business Locations: Barcelona, Spain, Korean

☆ The real-estate market is in for sharp correction with losses that could take a decade to recover from, strategist says
▼ + stars: | 2024-07-04 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +5 min

Give it another two or three years — that's when the real-estate market gets hit the most." The fallout in the commercial real-estate sector could meanwhile be more severe. But banks, bearing huge losses in their mortgage and commercial real-estate portfolios, will be more hesitant to lend, weighing on demand and causing real-estate prices to plunge. Advertisement"It's possible we'll see a 50% [correction] in some spots, but I would say somewhere around a 30% correction in real estate," Vermeulen said of real-estate investments. Those losses could take seven to 10 years to recover from, he said, because of the long nature of real-estate cycles.

Persons: —, Chris Vermeulen, who's, Vermeulen, — that's Organizations: Service, Traders, Business, Census, Challenger, Bloomberg, Fed, National Association of Realtors

☆ The real estate market is in for sharp correction with losses that could take a decade to recover from, strategist says
▼ + stars: | 2024-07-04 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +5 min

Give it another two or three years — that's when the real estate market gets hit the most." Meanwhile, the fallout in the commercial real estate sector could be more severes. However, banks, bearing huge losses in their mortgage and commercial real estate portfolios, will be more hesitant to lend, weighing on demand and causing real estate prices to plunge. Advertisement"It's possible we'll see a 50% [correction] in some spots, but I would say somewhere around a 30% correction in real estate," Vermeulen said of real estate investments. Those losses could take seven to 10 years to recover from, he said, due to the long nature of real estate cycles.

Persons: —, Chris Vermeulen, Vermeulen, — that's, Vermueule Organizations: Service, Traders, Business, Census, Challenger, Bloomberg, National Association of Realtors

☆ I got paid $10,000 to move to Tulsa. My mortgage for a whole house is about what I used to pay to rent one room.
▼ + stars: | 2024-07-04 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +8 min

I had never heard of Tulsa in my life — of course, I'd heard of Oklahoma, but never Tulsa. I can't imagine being here 60 years old, having spent 20 years driving, when I could be living life instead. I bought the house in Tulsa in November 2020, and it just sat vacant until I moved there in December. The mortgage payment for Ball's house in Tulsa is only a little more than her share of rent was in LA. You can find free parking everywhere.

Persons: —, Jasmine Ball, I'd, You've, would've, It's, I've, it's Organizations: Service, Tulsa, Business, Black, Finances, Utilities, Gas, Tulsa Dream Locations: Los Angeles, Tulsa , Oklahoma, Tulsa, Oklahoma, California, Orland , California, Minnesota, Northern California, LA, Santa Monica

☆ How to boost your EQ at the office—even if you work remotely, according to a career expert
▼ + stars: | 2024-07-03 | by ( Ryan Ermey | ) www.cnbc.com time to read: +1 min

He cited one thing he wished he knew in his 20s that could have made him wealthier, faster. "Your personality will get you 10 times richer than your intelligence," Adcock told me. "EQ is going to get you way more money and way more opportunities for promotion than IQ," Adcock said. I interviewed Vicki Salemi, a career expert with Monster.com on ways to boost your EQ in the workplace. "It may feel a little outside of your comfort zone — that's natural," she says.

Persons: Steve Adcock, Adcock, Vicki Salemi, Salemi

☆ Natural gas will have a 'huge impact' on the energy transition. Play the trend with these pipeline stocks
▼ + stars: | 2024-07-02 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

Investors who want to support the energy transition should consider backing natural gas as a fuel that can "make a really huge impact" by replacing coal, according to a top analyst at asset manager PGIM. "Natural gas is very complementary to them, it is highly dispatchable and it is very low cost." The U.S. is the largest natural gas exporter in the world, according to the Energy Information Administration. "Pipelines offer a very different kind of risk/reward proposition for an investor than, say, a natural gas producer who is very exposed to the volatility of the natural gas price," Antia said. "When it comes to LNG infrastructure, Cheniere is a company that provides the infrastructure necessary to liquefy as well as re-gasifying natural gas," Antia said.

Persons: PGIM, Shehriyar Antia, Antia, Kinder Morgan, Williams Cos, Williams, Kinder Organizations: CNBC, Energy Information Administration, EQT Corp, Williams Companies, Wall Street, Argus, Energy Locations: Wells, China, India

☆ What happens to AI progress if China invades Taiwan? A chat with 'Chip War' expert Chris Miller.
▼ + stars: | 2024-07-01 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +7 min

Apple, Nvidia, Qualcomm, AMD, and most other chip designers rely on Taiwan Semiconductor Manufacturing Company to make these crucial components. And its location on the island of Taiwan, which China claims, puts the tech industry and AI's future in a precarious geopolitical position. AdvertisementChris Miller is the author of "Chip War: The Fight for the World's Most Critical Technology." When people understand the true significance of TSMC, they're often pretty shocked at how precarious the chip situation is. But suppose you think there's some chance that it happens.

Persons: Chris Miller, we're, TSMC, couldn't, That's, they've, they're, There's, Jensen Huang Organizations: Service, Apple, Nvidia, Qualcomm, AMD, Taiwan Semiconductor Manufacturing Company Locations: Taiwan, China, Russia, Ukraine, South China, Philippines, Beijing, Taiwan Strait, Washington, Tokyo

☆ The 5 red flags a Michelin-starred chef looks out for when dining at a high-end Italian restaurant
▼ + stars: | 2024-07-01 | by ( Rachel Askinasi | ) www.businessinsider.com time to read: +6 min

Read previewStefano Secchi, chef and owner of Rezdôra in New York, has many opinions when it comes to what differentiates a high-end Italian restaurant from a gimmick. It's never a good sign when a restaurant is serving out-of-season ingredientsCaprese isn't always in season. If the classics aren't prepared and labeled properly, the restaurant is a hard sell for SecchiA good Italian restaurant wouldn't drown its pasta in sauce or butter. But it's a good sign if the oil is bursting with really rich and complex flavors and fragrances. A quality Italian restaurant should have a proper coffee serviceCoffee service is often the last chance for a restaurant to leave diners with a good impression.

Persons: —, Stefano Secchi, Secchi, It's, you've, balsamic, She's, she's, Mats Silvan, he'd, it's, Alfredo, carbonara, Feifei Cui Organizations: Service, Michelin, Business, fugazi, Staff Locations: New York, Italy

☆ A financially independent entrepreneur shares the 'ticket for passive income' — and how she plans to grow from a six-figure business to 'multiple seven figures'
▼ + stars: | 2024-06-30 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewLiz Wilcox brings in, on average, $40,000 a month from her email marketing business — and she's not logging a lot of hours. Her business brought in five figures while she competed on the reality TV show without access to the outside world. AdvertisementThanks to the way she's set up her business, "I really could disappear for a month," said Wilcox. Because almost every business, if they're doing it right, is doing email marketing."

Persons: —, Liz Wilcox, I've, Wilcox, Burger King, We've, Liz, she'd, we'd Organizations: Service, Business, BI Locations: Destin , Florida

If you spend a lot of time at home, that can be difficult without an air conditioner — that's why this incredible deal on the Black+Decker Portable Air Conditioner is so worth it. View at AmazonIn our guide to the best portable air conditioner, we love this model for its versatility year-round. EcoFlow Wave 2 Portable Air Conditioner $1,199.00 $2,237.00 Save 46% The EcoFlow Wave 2 is the best battery-powered portable air conditioner we've tested. View at AmazonFrigidaire Inverter Window Room Air Conditioner (FHWW145WE1) $566.00 $629.00 Save 10% The Frigidaire Inverter Window Room Air Conditioner (FHWW145WE1) is the best air conditioner for large rooms, decreasing our sizable test room by four degrees in an hour and featuring an easy setup. View at AbtFriedrich Zoneaire Portable Air Conditioner (ZCP12DB) $779.00 $889.00 Save 12% The dual-hose Friedrich Zoneaire Portable Air Conditioner did the best job cooling and was the quietest portable air conditioner we tested.

Persons: It's, Abt Friedrich, Friedrich Organizations: Business, EcoFlow, Energy, Abt, Madison, Amazon Prime Locations: Midwest, Northeast

☆ AeroVironment CEO describes how drones are the future of modern warfare
▼ + stars: | 2024-06-27 | by ( Julie Coleman | ) www.cnbc.com time to read: 1 min

In a Thursday interview with CNBC's Jim Cramer, AeroVironment CEO Wahid Nawabi described how the defense contractor's drones are used in battle, saying the technology will be a significant part of modern warfare. "The fundamental shift in warfare is that distributed intelligent robotic systems, loitering munitions, small drones — that's what we specialize in — is going to be a much bigger piece of the warfare in the future," he said. Nawabi discussed weapons including the Switchblade 600 — a kamikaze-type drone — and the Puma AE, which is primarily used for surveillance. The former is unique because it is able to "loiter" for 40 minutes to find a target, he said. According to Nawabi, the U.S. Army plans to buy more than a thousand Switchblade 600s as part of the Pentagon's latest initiative.

Persons: CNBC's Jim Cramer, Wahid Nawabi, Nawabi Organizations: Puma, U.S . Army

☆ A veteran fund manager who's more than quadrupled the S&P 500's return in the last 32 years explains how he finds deeply undervalued stocks — and shares how he made one of his best trades ever
▼ + stars: | 2024-06-26 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

Stocks often trade above or below their fair value, which means active managers who choose stocks wisely can score huge eye-popping returns. "What we're really looking for is opportunities where that dollar can also compound to be two, four, 10," Robotti said. "People say, 'Oh, who cares if you buy a cheap stock, the market just won't ever pay attention. When the economics of a business — even if people hate that business — are extremely strong, the stock follows." "If you bought it at 20 cents on the dollar and it doubles, you don't sell it at 40 cents on the dollar," Robotti said.

Persons: —, Bob Robotti, Robotti, that's, couldn't, James Carville, people's, he's Organizations: Service, Cornell, P Global, Business, drillers, Tidewater, GulfMark, Swire Pacific Locations: Houston

☆ Concerns about inflation peak as Americans struggle to shake off a 'vibecession'
▼ + stars: | 2024-06-25 | by ( Jessica Dickler | ) www.cnbc.com time to read: +1 min

Concerns about inflation and interest rates are now at a two-year high, according to a recent report by credit reporting agency TransUnion. Although Americans have seen their buying power rise amid cooling inflationary data and a strong job market, 84% of all adults still rank inflation among their top concerns, followed by housing prices and interest rates, TransUnion's consumer pulse study found. "There continues to be positive progress against bringing down inflation," said Charlie Wise, senior vice president and head of global research and consulting at TransUnion. Relief for those hardest hitMeanwhile, the Federal Reserve's string of 11 rate hikes since 2022, coupled with higher inflation, have hit working-class Americans particularly hard. Many of these households have exhausted their savings and are now increasingly leaning on credit cards to make ends meet.

Persons: Charlie Wise, Joyce Chang, JPMorgan's, that's, Chang Organizations: TransUnion, CNBC

☆ I booked an all-inclusive trip to the Amazon rainforest, and I can't believe how much I got for $90 a day
▼ + stars: | 2024-06-23 | by ( Eibhlis Gale-Coleman | ) www.businessinsider.com time to read: +7 min

Read previewAs a child, I dreamed of visiting the Amazon rainforest, but I always envisioned it being wildly inaccessible. So when I found a three-day, all-inclusive tour of the Amazon rainforest at Green Forest Ecolodge for just $270, I knew I had to go. The package included all my meals, bus and canoe transfers, a private lodge, and up to four activities a day. I couldn't believe the value I got for my moneyI highly recommend this all-inclusive trip. Eibhlis Gale-ColemanVisiting the Amazon rainforest was the opposite of what I expected.

Persons: —, Eibhlis Gale, Coleman, I'd, Gale, Elvis Organizations: Service, Business, Lago Agrio Locations: Ecuador, Quito, Lago

☆ How to become an influencer and start making money
▼ + stars: | 2024-06-21 | by ( Shriya Bhattacharya | ) www.businessinsider.com time to read: +13 min

Maesha Shonar, a micro influencer with 24,000 followers on Instagram, previously told BI she had such a highly engaged audience. Take a look at new data on influencer brand deals in 2024Platforms also pay creators based on their video views and engagement. Read more about how TikTokers can score huge paydays for longer videosOn Snapchat, creators have had success making money from its ad-revenue program. Related storiesAffiliate marketing is another popular way to make money after becoming an influencer. Nino de Guzman said she launched the app to help show others how easy it was to become an influencer and make money from social media.

Persons: —, Ayomi Samaraweera, Samaraweera, Nadya Okamoto, influencers, Stacy Kim, Maesha, Instagram, Nate White, I've, MrBeast, Read, videographer Tej Patel, AJ, Grey, influencer Janesha Moore, Moore, makeups, Paulina Perez, she's, Perez, Slack, Lissette Calveiro, Christen Nino de Guzman's Clara, Nino de Guzman, Christen Nino De Guzman, Alix Earle ., Kensington, that's, Danielle Pistotnik, publicists Organizations: Service, YouTube, Business, Samsung, Verizon, Amazon, Brand, UTA, CAA, Management Locations: California

☆ Millennials are losing their cool
▼ + stars: | 2024-06-19 | by ( Emily Stewart | ) www.businessinsider.com time to read: +16 min

Millennials may not be there yet on pants, or at least that's what I, as a millennial, tell myself. The internet is fueling the millennials vs. Gen Z discourse, but underlying it is something deeper: millennials raging against the dying of the light. "It's really beneficial for brands that at least the online discourse has millennials looking to Gen Z for trends. The nature of internet culture, much of which was created by millennials, puts a unique bent on the discourse and how creators and influencers address millennials. Gen Z, be nice to your friendly millennial next door, and vice versa.

Persons: we're, We're, Valeria Penttinen, Julie Erickson, —, Erickson, Michael Miraflor, Hannah Grey, Justin Timberlake's, Claire Tassin, Jean Twenge, Gen X, Silents, they're, X, It's, Penttinen, millennials, Harley Block, Joel Steckel, I'm, that's, Devon Price, Price, Twenge, it's, Miraflor, Gwen Stefani, Martha Stewart, Alpha, Gen, They'll Organizations: Northern Illinois University, Morning, New York University, Starbucks, Loyola University Chicago's School, Professional Studies, Sports Illustrated Locations: Toronto, America

☆ This salary phrase in job descriptions is 'useless,' says recruiter—here's how to make sense of it
▼ + stars: | 2024-06-18 | by ( Alex Koller | ) www.cnbc.com time to read: +3 min

Pay transparency laws are on the rise nationwide, but so is the share of companies that use the ambiguous phrase "competitive salary" to describe what they'll pay. As of May, the phrase appeared in 3% of U.S. job postings on Indeed, up from 2.5% of postings at the same time last year, the employment website told CNBC Make It. It's a small but notable increase that reflects thousands of job posts with unclear pay ranges, according to Indeed. "But without further details in the job posting, the phrase puts the onus on the job seeker to know what a competitive pay range may look like." If you're applying to jobs without clear pay ranges, here are a few ways to discuss salary during the hiring process.

Persons: Jeff Hyman, Hyman, Jennifer Herrity, Bonnie Dilber, — that's, we've, It's, — Organizations: CNBC, Companies

☆ My son's video game habit worried me but it fueled his interest in coding, robots, and AI. At age 16, he won $55,000 at a science fair.
▼ + stars: | 2024-06-17 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +5 min

It helped him, especially in his science fair projects. They both used their coding skills later when they developed AI models for their science fair projects. But video games might have taken my son a step further. John and Pauline did their next science fair project together, expanding on the concept with tomato plants and a rover. John Benedict Estrada and Pauline Estrada stand in front of their science fair project at Regeneron ISEF.

Persons: —, Maria Estrada, It's, they've, John, Mario, Pauline, Dexter, Estrada's, Gordon E, Moore, John Benedict Estrada, Pauline Estrada, ISEF Organizations: Service, Fresno State, Business, Nintendo, PlayStation, Regeneron, Science, Engineering, University of California Locations: ISEF, Berkeley

☆ Toyota has been rocked by a string of scandals — but analysts are unfazed
▼ + stars: | 2024-06-14 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +4 min

A sign is displayed outside a Toyota Motor Corp. dealership on Jan. 30, 2024 in Tokyo, Japan. Toyota Chairman Akio Toyoda apologized Monday for massive cheating on certification tests for seven vehicle models as the automaker suspended production of three of them. Toyota took the crown with 10.7% market share, while Germany's Volkswagen came in second with a 6% market share. But for Toyota, the top automaker by market share in the world, the latest safety scandal is not the first time it's being investigated for false test data. In April last year, Daihatsu said it had rigged side-collision safety tests carried out for 88,000 small cars, most of those sold as Toyotas.

Persons: Akio Toyoda, Tomohiro Ohsumi, Germany's Volkswagen, that's, Toyota —, Suzuki, Toyoda, Hino Organizations: Toyota Motor Corp, Toyota, Getty, Germany's, Honda, country's Ministry of Land, Transport, Mazda, Suzuki Motor, Yamaha Motor, Corolla Fielder, Corolla, Daihatsu, Citi Locations: Tokyo, Japan, Infrastructure, Tourism

☆ 5 places where you should always tip—except for in these scenarios, according to etiquette experts
▼ + stars: | 2024-06-13 | by ( Ryan Ermey | ) www.cnbc.com time to read: +5 min

"But at places like sit-down restaurants, hair salons, barber shops or getting food delivered, tipping is customary." Just 67% of adults in Bankrate's survey say they always tip at restaurants. "So if you're not tipping in those scenarios, you're really taking money out of the server's pocket." When it comes to those who cut your hair and deliver your food, you should just about always tip, etiquette experts say. In other words, if you asked for a service and out-and-out didn't receive it, you're OK reducing or withholding a tip, etiquette pros say.

Persons: they're, Ted Rossman, Thomas Farley, Mister Manners, Farley, Elaine Swann, Diane Gottsman, Gottsman Organizations: Swann School of, CNBC, Protocol, of Texas Locations: Bankrate, …

☆ Biden is lagging in key swing states. But white non-college voters are keeping him afloat in Wisconsin.
▼ + stars: | 2024-06-10 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

And it's Biden's support among white voters without a college degree — a huge voting bloc in these areas — that's currently keeping him afloat in Wisconsin. And it's the backing of many white working-class voters that has been critical for the president. Related storiesIn the Quinnipiac poll, Wisconsin voters gave Biden positive marks on issues like abortion rights and the preservation of democracy. AdvertisementAmong white voters in Wisconsin, Biden actually led Trump by four points (50% to 46%) in the Quinnipiac poll. Advertisement"In order to win, Democrats have to overperform — by a lot — with white working-class voters in the state, because most voters in Wisconsin are white working-class voters," Wisconsin Democratic Party Chairman Ben Wikler recently told The Washington Post.

Persons: —, Joe Biden's, Donald Trump, Biden, Trump, he's, Ben Wikler Organizations: Service, Business, Trump, Quinnipiac University, Wisconsin, Quinnipiac, Biden, GOP, White, Democratic, Wisconsin Democratic, Washington Post Locations: Wisconsin, Milwaukee, Madison, Arizona , Georgia, Nevada, North Carolina, Michigan, Pennsylvania, Quinnipiac, Arizona, Omaha

☆ Cramer explains why it's not wise to stick with stocks booted from the S&P 500
▼ + stars: | 2024-06-10 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

After the S&P 500 knocked three stocks from its ranks last week, CNBC's Jim Cramer told investors why it is usually not a good idea to stick with these companies. "When you see a stock that gets expelled from the S&P 500, please don't bother to try to catch a bottom — you're most likely catching a falling knife," he said. The S&P 500 evaluates the performance of roughly 500 of the largest publicly traded stocks and is seen as a bellwether for the market. He also reviewed several other recent S&P 500 castoffs and found that most of those stocks have also underperformed. Although buying an index fund is usually considered passive investing, Cramer said the S&P 500 is more actively managed than many realize.

Persons: CNBC's Jim Cramer, Robert Half, Cramer Organizations: U.S ., Comerica

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