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Spotify founder and CEO Daniel Ek admitted to feeling not good enough every day despite his success. He told Norges Bank Investment Management’s podcast “In Good Company” he often feels "inadequate." download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementDaniel Ek is a billionaire and CEO of one of the world’s best-known companies — but says he still feels “inadequate every day.”The Spotify chief made the comment on Norges Bank Investment Management’s podcast “In Good Company” last month. The stock has had a rollercoaster ride but is up 58% over the past five years, and 91% up over the past 12 months, leaving Spotify worth $46 billion.
Persons: Daniel Ek, , Ek, , he's, That’s, ” Ek, Forbes, George Barnard Shaw Organizations: Spotify, Norges Bank Investment, Service, New York Stock Exchange, Business Locations: Swedish
"This a reacceleration of earnings," Jim Cramer said. The CNBC Investing Club's preferred cybersecurity stock is Palo Alto Networks . Pepsi shares fell nearly 3% Friday. "Going back to the office has really hurt" Pepsi, Jim said, because consumption habits have shifted away from the home toward more on-the-go situations, like buying snacks and drinks at convenience stores. "The long knives are out for Max Levchin," Jim said, referring to Affirm's CEO and co-founder.
Persons: Jim Cramer, Jim, Bitcoin, Pepsi, Max Levchin Organizations: Department of Commerce, CNBC, Palo Alto Networks, Coinbase, PepsiCo, Pepsi
Cramer's Lightning Round: AbbVie is 'a very good company'
  + stars: | 2024-02-08 | by ( Julie Coleman | ) www.cnbc.com   time to read: +1 min
Stock Chart Icon Stock chart icon Oxford Lane Capital's year-to-date stock performance. Oxford Lane Capital : "We don't know if they're any good at credit, and we don't know what they own. Stock Chart Icon Stock chart icon MercadoLibre's year-to-date stock performance. Stock Chart Icon Stock chart icon Freeport-McMoRan's year-to-date stock performance. Stock Chart Icon Stock chart icon AbbVie's year-to-date stock performance.
Persons: Oxford Lane Organizations: Oxford, Oxford Lane, Blackstone, Mercado Libre Locations: Mercado, McMoRan's, McMoRan
Cramer's Lightning Round: Devon Energy is a buy
  + stars: | 2024-01-31 | by ( Julie Coleman | ) www.cnbc.com   time to read: 1 min
Stock Chart Icon Stock chart icon Devon Energy's year-to-date stock performance. Devon Energy : "It's too low...$40, buy Devon [buy, buy, buy!]." Stock Chart Icon Stock chart icon Super Group's year-to-date stock performance. Stock Chart Icon Stock chart icon Simpson Manufacturing's year-to-date stock performance. Stock Chart Icon Stock chart icon Starwood Property Trust's year-to-day stock performance.
Persons: Devon Energy's, Simpson, they're, Sternlicht, Woodward Organizations: Devon, Devon Energy, Super, Simpson, Starwood, Starwood Property Locations: Devon
AdvertisementWinter is part of a growing group of family office principals, including heirs like himself and first-generation entrepreneurs, who are making direct investments in pursuit of longer and healthier lives. They are in good company; longevity startups drew global investment of more than $5.2 billion in 2022 , according to a venture capital firm, Longevity Tech Fund, which used PitchBook data. She and some of her clients are investors in Maximon, a Switzerland-based longevity fund that includes "healthspan clinics" in its portfolio. Eric Becker, cofounder of wealth manager Cresset , and his two sons founded a family office and picked Blue Zone Foods as its first investment. Courtesy of CressetFor Becker, whose daughter died of leukemia at 21, and his family, longevity is not an abstract topic.
Persons: Maximilian Winter, doggedly, Lyme, Fritz Winter, Peter Thiel, There's, Peter Fioretti, David Sinclair, Kathrin Genovese, ultrarich, Genovese, Eric Becker, Cresset, Dan Yadegar, Becker, Johnny Walker Organizations: Longevity Tech Fund, Harmonix, Biotech, UBS, Winter's Harmonix Fund, Blue, Foods, Becker Venture Partners, Newpath Partners Locations: Santa Barbara, Quinta , California, Maximon, Switzerland, Zurich
"For those of you younger than us who did not live through the Tech Bubble of the late 1990s, you are now living through Tech Bubble 2.0. As a reminder, the NASDAQ fell about 80% when that bubble burst in the mild recession of the early 2000s," Wolfenbarger said. AdvertisementThere is evidence that backs up Wolfenbarger's bubble claims, starting with fairly standard valuation measures like the Shiller cyclically-adjusted price-to-earnings ratio. While it's not as high as it was during the dot-com bubble, it's higher than it was in 1929 — and is at one of its most elevated levels in history. Bank of AmericaAs for what will finally deflate the bubble, Wolfenbarger is expecting a recession to hit the US economy.
Persons: , Microsoft —, Jon Wolfenbarger, Merrill Lynch, Wolfenbarger, it's, America's Michael Hartnett, Louis Fed Wolfenbarger, Jeremy Grantham, Adam Karr, Orbis Investment Management Karr, It's Organizations: Service, Apple, Nvidia, Microsoft, Business, JPMorgan, ClearBridge, Tech, NASDAQ, ClearBridge Investments Bank, America's, Bank of America, Bank of America's Global, Institute for Supply Management's Manufacturing, Orbis Investment Management, Global Fund, Federal Reserve Locations: Japan
An enlarged prostate doesn’t always cause symptoms, but when it does, they can be annoying. WHAT CAUSES AN ENLARGED PROSTATE? WHAT ARE THE SYMPTOMS OF AN ENLARGED PROSTATE? The symptoms of an enlarged prostate can include frequent urination and needing to get up many times in the night to pee. HOW IS AN ENLARGED PROSTATE DIAGNOSED?
Persons: King Charles III, Stephen Nakada, , ” Nakada, it’s, Antihistamines, There's Organizations: University of Wisconsin urologist, palmetto, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations:
"I don't wanna get a Ph.D. but wanna work as a Machine Learning Engineer," an X user wrote, kicking off a debate. I don't wanna get a PhD but wanna work as a Machine Learning Engineer. AdvertisementOne respondent said a doctorate is only relevant for research, not machine learning engineering. The discussion comes as employers and would-be workers assess which skills and education are most useful as the AI job market booms. One X user's response to the original post pointed out that a Ph.D. is just one way to become a machine learning engineer.
Persons: , Tanay Mehta, Cristian Garcia, X Garcia, Garcia, Chris Foltz, Lindsey Duran, Alex Shapiro, Jasper AI Organizations: Service, Business, Google, IBM, Jasper
But Greta Gerwig not being among the five best director nominees for this year’s Oscars is one of the biggest shocks in recent memory. Here are some other major “snubs” and “surprises” from Oscar nomination morning. Gerwig was previously nominated for best director for “Lady Bird,” and missing out for “Little Woman” was even a snub. “The Super Mario Bros.” movie, the second highest grossing film of the year was completely shut out from nominations including animation. ‘SALTBURN’ GOES DOWN THE DRAINListen, we didn’t really think that Emerald Fennell’s “Saltburn” would make a big splash nominations morning, but it had been trending that way based on its popularity on Prime Video over the holidays.
Persons: Barbie, Greta Gerwig, , Oscar, GRETA GERWIG, Gerwig, “ Barbie, Lady Bird, Justine Triet, James Cameron, Joseph Kosinski, Ava DuVernay, Aunjanue Ellis, Isabel Wilkerson, It’s, , Gina Prince, Bythewood’s, DuVernay’s, Selma ”, Halle Berry, Barrino, CHARLES MELTON, Charles Melton’s, Sterling K, Brown, ” “, Samy Burch, MARGOT ROBBIE OUT, Margot Robbie, America Ferrera, Robbie, DIANE WARREN, BARBIE, Diane Warren, Warren, Barbie ”, , Ken ”, ” Oscar, Aki Kaurismäki’s, , Celine, Greta Lee's, Mario, Princess Peach, Anderson, Pedro Almodóvar, Pedro Pascal, Ethan Hawke, Wes Anderson, Roald Dahl, Henry Sugar, , Sophie Ellis Organizations: , ACADEMY, Sterling, AMERICA, MARIO Locations: LIPA, France, Cannes, U.S
They create skateboarding and lifestyle shoes and hope to leave the company to their kids someday. The brothers, ages 50 and 41, respectively, have nearly 50 years of experience in the footwear industry between them, working at Vans, Converse, Supra Footwear, and Quiksilver, among others. AdvertisementBrandon: I had always drawn as a kid, but I didn't really take it seriously. Brandon: Of course, it'd be awesome to be a $200 million company, but do we need to grow it that big? Or do we need to grow it big enough to be a legacy company where eventually our kids work here with us?
Persons: Brandon, Josh Brubaker, , Clearweather, There's, We're, Josh, Nobody, It's Organizations: Footwear, Service, Clearweather Footwear, Vans, Converse, Supra Footwear, Nike, Adidas Locations: California, Quiksilver
Some of the unusually rapid return to form for stocks is thanks to the economy’s quick recovery from Covid lockdowns. Photo: Joe Raedle/Getty ImagesIf you’re finding it hard to remember the pandemic, you’re in good company: Investors have already consigned the Covid chaos to history. Someone who put $1,000 in the S&P 500 in December 2019—when the first infections occurred in Wuhan, China—and reinvested dividends would have made 6.8% annualized after inflation and had $1,299 by the end of last year. That return is bang in line with the annualized return investors have received in the stock market since 1802.
Persons: lockdowns, Joe Raedle, Organizations: Investors Locations: Wuhan, China
Dividend-paying stocks took a backseat to this year's tech-driven market rally, but 2024 could be the year that they come back in vogue. A couple of catalysts could swing the pendulum back in favor of dividend payers in 2024, including the Fed's forecast for three rate cuts in the new year. "Not only do you get the dividend yield and dividend growth, but you get some capital appreciation perhaps – that's where it gets interesting," he added. Special dividend payers Kim Abmeyer, certified financial planner and founder of Abmeyer Wealth Management in Dallas, sees dividend-paying stocks coming into focus for 2024. The energy company in November announced that it raised its regular dividend by 10% and it declared a $1.50 per share special dividend.
Persons: gangbuster, Charlie Gaffney, Eaton Vance, Gaffney, bode, Bernstein, it's, Nelson, Piper Sandler, Paul Newsome, Kim Abmeyer, Abmeyer, Stocks, Roth MKM's Leo Mariani Organizations: Big Tech, Nasdaq, Morgan Stanley Investment Management, Broadcom, VMware, Evercore ISI, Disney, Allstate, Abmeyer Wealth Management, Costco Wholesale, Costco Locations: Dallas
FactSet data shows that 70% of the 43 analysts covering Snowflake have buy or overweight ratings on the stock. Year-to-date shares in the biotechnology and life sciences equipment manufacturer are down nearly 4%, but Ghosh remains positive. Schneider Electric Elsewhere, French energy management company Schneider Electric is on the radar of Steven Glass, managing director and investment analyst at Pella Funds. "We're very bullish, although it's not as cheap as it used to be on Schneider Electric. Year-to-date, shares in Schneider Electric are up around 28%.
Persons: Karen Kharmandarian, Colette Kress, Warren Buffett, Rahul Ghosh, Rowe Price, Ghosh, Steven Glass, it's, Glass, Schneider Organizations: Big Tech, CNBC Pro, Nvidia, Thematics Asset Management, U.S, Robotics Fund, Berkshire Hathaway, BE Semiconductor Industries, BE Semiconductor, BE, Danaher Corp, Schneider, Pella Funds Locations: China, Snowflake, Danaher, Pella
[1/4] Berkshire Hathaway Inc Vice Chairman Charles Munger speaks at the Daily Journal annual meeting in Los Angeles, U.S., February 15, 2017. Munger's death on Tuesday, five weeks shy of his 100th birthday, leaves Berkshire Vice Chairmen Greg Abel and Ajit Jain, who respectively oversee its non-insurance and insurance businesses, as the 93-year-old Buffett's top advisers and sounding boards. At the 2021 annual meeting, Jain was asked how he and Abel interact with each other. "You don’t need them to be as good as Buffett or Munger to make Berkshire a good company and arguably a great company." "It particularly doesn't feel like an annual meeting because my partner of 60 years, Charlie Munger, is not sitting up here," Buffett said.
Persons: Charles Munger, Lucy Nicholson, Berkshire, Charlie Munger, Warren Buffett, Buffett, Munger, Munger's, Greg Abel, Ajit Jain, Abel, Jain, Warren, Charlie, Bill Stone, Howard Buffett, Todd Combs, Ted Weschler, Bill Smead, Whitney Tilson, Munger didn't, Jonathan Stempel, Megan Davies, Paritosh Bansal, Stephen Coates Organizations: Berkshire Hathaway, Daily, REUTERS, Berkshire Hathaway's, Berkshire, BNSF, Investors, Glenview Trust, Berkshire Hathaway Energy, University of Alberta, PricewaterhouseCoopers, Energy, MidAmerican's, Apple, Smead Capital Management, Kase Capital, Thomson Locations: Los Angeles , U.S, Berkshire, Omaha , Nebraska, Munger, Glenview, Edmonton, Alberta, Indian, Odisha, Phoenix, Woodstock, Omaha, New York
Berkshire Hathaway vice chairman Charlie Munger dies at 99
  + stars: | 2023-11-28 | by ( ) www.reuters.com   time to read: +12 min
Nov 28 (Reuters) - Charlie Munger, the longtime vice chairman and second-in-command to Warren Buffett at Berkshire Hathaway (BRKa.N), died on Tuesday morning at a California hospital. For stock-pickers like us to lose Charlie Munger, would be like if you’re a basketball fan and you lose Bill Russell. "I wouldn't think Berkshire will look much different, apart from Buffett no longer being able to share ideas with Munger. CATHERINE SEIFERT, VICE-PRESIDENT, CFRA RESEARCH, NEW YORK“Berkshire Hathaway shareholders are not going to be directly or negatively impacted from the passing of Charlie Munger. Therewass already a transition plan in place and there's a transition plan in place when Warren Buffett passes away.
Persons: Charlie Munger, Warren Buffett, Charlie, WHITNEY TILSON, BRIAN MOYNIHAN, Charlie Mungerwass, ” BURNS MCKINNEY, Bill Russell, , Berkshire Hathaway, ” PHIL ORLANDO, FEDERATED HERMES, BILL, Buffett, Munger, PHILLIP, , STEVE SOSNICK, , ” WIN MURRAY, DIAMOND, MARY JO, BILL SMEAD, Warren, ” “ Buffett, Todd Combs, Ted Weschler, ” PAUL LOUNTZIS, Greg Abel, I've, you'll, STEPHEN DODSON, hewass, ” PAUL NOLTE, FOR MURPHY, Warren Buffet, they've, QUINCY KROSBY, RICK MECKLER, CHERRY, NEW VERNON, Hewass, obviouslywass, DOUG KASS, ” THOMAS RUSSO, GARDNER RUSSO, QUINN, CATHERINE SEIFERT, he's, ” ANTHONY SAGLIMBENE, THOMAS HAYES Organizations: Berkshire Hathaway, COOK, APPLE, WHO, KASE, OF, FEDERATED, Berkshire, ” WIN, THE BRETTON, SAN, SYLVEST, NEW, Buffett, GREAT, Global Finance, Markets, Thomson Locations: California, Munger, Berkshire, American, DALLAS , TEXAS, GLENVIEW, CALIFORNIA, CONNECTICUT, DIAMOND HILL, COLUMBUS , OHIO, PHOENIX, ” “ Berkshire, , PENNSYLVANIA, ELMHURST, IL, CHARLOTTE, NC, CHERRY LANE, NEW JERSEY, LANCASTER , PENNSYLVANIA, Munger . Berkshire, TROY , MICHIGAN, GREAT HILL
The stock of Club holding Morgan Stanley (MS) dropped to $70 from $100 before bouncing back to $80 when interest rates recently peaked. Morgan Stanley and Schwab did nothing bad or shameful, but their multiples are shadows of their former selves. At least Morgan Stanley has a nice dividend yield of 4.25%. Key, Huntington, First Horizon, Morgan Stanley and Schwab are all good franchises that are regarded as cheap. The Morgan Stanley headquarters is seen in New York City on Jan. 17, 2023.
Persons: It's, Huntington Bancshares, Stephen Steinour, Chris Gorman, Bryan Jordan, Morgan Stanley, That's, Charles Schwab, Schwab, We're, Macy's, Albert Bourla, Myers, Meyers, Eli Lilly, let's, Mills, Campbell Soup, WK Kellogg, McCormick, Neutrogena, Johnson, Edwards, Zimmer Biomet, Becton Dickenson, Baxter, BAX, Ford, Hess, Tesla, Jim Cramer's, Jim Cramer, Jim, Michael M Organizations: Dominion, Federal Reserve, Nordstrom, Pfizer, Bristol, Myers, Hostess Brands, Novo Nordisk, PepsiCo, Hershey, Brands, Spice, Johnson, Moderna, American Electric Power, Duke Energy, Motors, JetBlue, EOG Resources, ConocoPhillips, Exxon Mobil, Nvidia, Apple, Federal Trade Commission, CNBC, Santiago, Getty Locations: Huntington, Memphis, Tennessee, Toronto, United States, Celgene, Bristol, New York City
Cramer's Lightning Round: 'Too much hype' for C3.ai
  + stars: | 2023-11-14 | by ( Julie Coleman | ) www.cnbc.com   time to read: +2 min
Stock Chart Icon Stock chart icon HubSpot's year-to-date stock performance. Stock Chart Icon Stock chart icon Albemarle's year-to-date stock performance. Stock Chart Icon Stock chart icon Chewy's year-to-date stock performance. Stock Chart Icon Stock chart icon Leonardo DRS's year-to-date stock performance. Stock Chart Icon Stock chart icon CrowdStrike's year-to-date stock performance.
Persons: it's, Leonardo DRS's, Leonardo DRS, Brown, Forman, I've, They're, I'm, they're, Tom Siebel, George Kurtz Organizations: New York Community, New York Community Bancorp, Therapeutics, Sarepta Therapeutics, US Bancorp
For most of her life, Molly Huddle had a fairly simple routine before the start of a race. Huddle, an elite runner, would pack a bag, eat a pre-race meal, do some drills and get to the start line. She knew what she was doing: Huddle is a two-time Olympian and former American record-holder in the 5,000 meters, 10,000 meters and half marathon. “I never thought I’d think about breastfeeding as much as I do now,” said Huddle, who finished third in her New York City Marathon debut in 2016. For the second year in a row, new mothers — two top American elite marathoners among them — will be starting the New York City Marathon with something new speckled along the course: lactation stations.
Persons: Molly, , Organizations: New York City Marathon Locations: New York
Jeff Bezos, who has called Seattle home for 29 years, is officially moving to Miami. Jeff Bezos has reportedly purchased a waterfront mansion in Indian Creek, an artificial barrier island in Miami. Karwai Tang/WireImage via Getty Images; Jeffrey Greenberg/Universal Images Group via Getty ImagesBezos made the announcement on Instagram on Thursday evening. "I want to be close to my parents, and Lauren and I love Miami," Bezos wrote of his and his fiancé Lauren Sanchez's decision to make the move. Of course, Bezos is no mere wealthy individual: With a $160 billion net worth, the Amazon founder is currently the second-richest person in the world.
Persons: Jeff Bezos, Karwai Tang, Jeffrey Greenberg, Bezos, Lauren, Miami, Lauren Sanchez's Organizations: Seattle, Getty, Universal Locations: Miami, Indian, Cape Canaveral, Pacific
More details of Kanye West's conduct during his partnership with Adidas were revealed by The New York Times. The rapper drew a swastika on a shoe design and told a Jewish employee to kiss a photo of Hitler, per the Times. In another detail of his troubling antisemitic behaviour, Ye told one Jewish manager at the company to kiss a picture of Hitler every day. The last Adidas Yeezy restock AdidasAdidas CEO Bjørn Gulden has defended Ye, saying that the rapper had been misunderstood. The company told the Times it had "no tolerance for hate speech and offensive behavior, which is why the company terminated the Adidas Yeezy partnership."
Persons: Kanye, Hitler, Ye, , Adidas Yeezy, Bjørn Gulden Organizations: Adidas, The New York Times, Times, Service, New York Times, Adidas Adidas Locations: Germany
CNN —If you feel lonely, you’re actually in good company: Nearly 1 in 4 adults across the world have reported feeling very or fairly lonely, a new Meta-Gallup survey has found. The lowest rates were found in older adults. Only 17% of people age 65 and older reported feeling lonely. Over half of adults age 45 and older reported not feeling lonely at all, while the majority of those younger than 45 answered that they felt at least a little lonely, if not very or fairly lonely. But Rokach, who has studied the experience of loneliness, believes there may be even higher global rates of people who feel lonely than reported — particularly young adults.
Persons: you’re, ” Ellyn, , Maese, Ami Rokach, Rokach, , ” Young, , we’re, Olivia Remes, Remes, Gallup Organizations: CNN, Gallup, World Health Organization, Center for Academic Studies, York University, University of Cambridge Locations: Yehuda, Israel, Toronto, United Kingdom
Cramer's Lightning Round: 'Can't be a fan' of Plug Power
  + stars: | 2023-10-11 | by ( Julie Coleman | ) www.cnbc.com   time to read: +1 min
Stock Chart Icon Stock chart icon SolarEdge's year-to-date stock performance. Stock Chart Icon Stock chart icon Plug Power's year-to-date stock performance. Stock Chart Icon Stock chart icon Brookfield Infrastructure Partners' year-to-date stock performance. Stock Chart Icon Stock chart icon KeyCorp's year-to-date stock performance. Stock Chart Icon Stock chart icon Monster's year-to-date stock performance.
Persons: they'd Organizations: Brookfield Infrastructure Partners
Cramer's Lightning Round: 'I'm moving on' from Herbalife
  + stars: | 2023-10-10 | by ( Julie Coleman | ) www.cnbc.com   time to read: +1 min
Stock Chart Icon Stock chart icon Spirit AeroSystems' year-to-date stock performance. Stock Chart Icon Stock chart icon CVS's year-to-date stock performance. Stock Chart Icon Stock chart icon Abbott's year-to-date stock performance. Stock Chart Icon Stock chart icon Viking's year-to-date stock performance. Stock Chart Icon Stock chart icon Herbalife's year-to-date stock performance.
Persons: AeroSystems, Abbott, Elon Musk, I'm, I've, Jim Cramer's Organizations: Honeywell, CVS, Elon
Cramer's Lightning Round: 'Hold off' on AT&T
  + stars: | 2023-10-03 | by ( Julie Coleman | ) www.cnbc.com   time to read: +2 min
Stock Chart Icon Stock chart icon Columbia Sportswear's year-to-date stock performance. Stock Chart Icon Stock chart icon AT&T's year-to-date stock performance. Stock Chart Icon Stock chart icon Gen Digital's year-to-date stock performance. Stock Chart Icon Stock chart icon Zebra's year-to-date stock performance. Stock Chart Icon Stock chart icon Teradata's year-to-date stock performance.
Persons: they've, Gen, they're, it's Organizations: Columbia, Verizon, Gen, Resources, Canadian Natural Resources Locations: Columbia
Cramer's Lightning Round: Caterpillar is a buy
  + stars: | 2023-09-29 | by ( Julie Coleman | ) www.cnbc.com   time to read: +1 min
Stock Chart Icon Stock chart icon Caterpillar's year-to-date stock performance. Stock Chart Icon Stock chart icon Abercrombie's year-to-date stock performance. Stock Chart Icon Stock chart icon Exxon's year-to-date stock performance. Stock Chart Icon Stock chart icon Ardelyx's year-to-date stock performance. Stock Chart Icon Stock chart icon Fubo's year-to-date stock performance.
Persons: Abercrombie, Fran Horowitz, I've, It's, Jim Cramer's Organizations: Exxon
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