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☆ Oil prices under pressure: Here's what you need to know
▼ + stars: | 2024-05-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOil prices under pressure: Here's what you need to knowHelima Croft, RBC Capital Markets global head of commodity strategy, joins 'Squawk Box' to discuss what's going on in the oil sector, what signals the oil market has given investors, and much more.

Persons: Helima Croft Organizations: RBC Capital Markets

☆ Britain's inflation rate could be about to drop below the Bank of England's 2% target
▼ + stars: | 2024-05-21 | by ( Jenni Reid | ) www.cnbc.com time to read: +3 min

Bloomberg | Bloomberg | Getty ImagesLONDON — U.K. inflation could be about to hit a major milestone, with some forecasting that a sharp fall in the April print will take the headline rate below the Bank of England's 2% target. That would represent a plunge from the current level of 3.2% and could "make or break" a June interest rate cut, economists say. Ashley Webb, U.K. economist at Capital Economics, said that if the headline rate does fall below 2% in April, as he expects, it would be "momentous." "This will be crucial in determining whether the first interest rate cut from 5.25% will happen in June (as we expect) or in August. We think inflation will fall further, perhaps even to 1.0% later this year," Webb said in a Friday note.

Persons: Ashley Webb, What's, Webb, —, BOE Governor Andrew Bailey, BOE, Ben Broadbent, James Smith, ING's Organizations: Bloomberg, Getty, Bank of England's, Capital Economics, Bank of England, European Central Bank, ING Locations: Kingston, London, U.K

☆ The unusual hobbies of Tim Cook, Mark Zuckerberg, Jeff Bezos and more
▼ + stars: | 2024-05-21 | by ( Jordan Hart | ) www.businessinsider.com time to read: +1 min

The leaders of tech's biggest companies have some interesting hobbies. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementWhen they aren't running multi-billion-dollar companies, tech executives find time to pick up some varied hobbies. This story is available exclusively to Business Insider subscribers.

Persons: Bill Gates, —, Larry Ellison Organizations: Service, Business

☆ Stock market today: Indexes trade mixed as Nvidia-led momentum takes a break ahead of earnings
▼ + stars: | 2024-05-21 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Stock trades fell flat as investors take a breather ahead of Nvidia's earnings. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe latest rally in stocks faltered Tuesday morning, with investors stepping back ahead of Nvidia's upcoming earnings report and further communications from Federal Reserve officials. Tuesday will also be saturated with speakers from the Federal Reserve, whose comments could provide insight into monetary policy.

Persons: —, Dow, Jamie Dimon, David Morrison, Thomas Barkin, Christopher Waller, John Williams, Raphael Bostic, Susan Collins, Loretta Mester Organizations: Fed, Service, Federal Reserve, Nasdaq, Alto Networks, Urban Outfitters, Toll, Trade Nation Locations: Here's

☆ Macy's and Lowe's beat on earnings: Here's what you need to know
▼ + stars: | 2024-05-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMacy's and Lowe's beat on earnings: Here's what you need to knowCNBC's Melissa Repko joins 'Power Lunch' to discuss retail earnings from Macy's and Lowe's.

Persons: Melissa Repko

☆ Russia's fearsome S-400 air-defense system isn't quite living up to the hype in Ukraine
▼ + stars: | 2024-05-21 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +13 min

Russian S-400 surface-to-missile systems in the Victory Day parade in Moscow's Red Square on i in May 2023. Ukraine in September said it destroyed two Russian S-400 batteries in Crimea, a region annexed by Russia in 2014. Rajan Menon, the director of the Grand Strategy program at the US think tank Defense Priorities, described the S-400 as Russia's "top-of-the-line air defense system." A rocket launches from a S-400 missile system at the Ashuluk military base in Southern Russia in September 2020. A Patriot air defense system test-fired during a training in Chania, Greece, on November 8, 2017.

Persons: —, Fredrik Mertens, John Hoehn, it's, Hoehn, AP Mertens, Mertens, Ian Williams, Mattias Eken, Rajan Menon, Vitaly Nevar, Mick Ryan, you've, DIMITAR DILKOFF, Ryan, haven't, hasn't, KIRILL KUDRYAVTSEV, might've, Eken, Anthony Sweeney, Army Menon Organizations: Service, Business, Hague, Strategic Studies, NATO, SA, International Institute for Strategic Studies, US Patriot, Reuters, RAND Corporation, Ukrainian Air Force, Forbes, Directorate of Intelligence, Ministry of Defence, South Korea Defense Ministry, AP, Patriots, Storm, Missile Defense, Center for Strategic, International Studies, Defense, REUTERS, Australian Army, Getty, Victory Day, Patriot, Army Locations: Russian, Ukraine, Ukrainian, Russia, Moscow, Crimea, Screengrab, Soviet, US, Russia's, Ukraine's Luhansk, South Korea, Kaliningrad, Southern Russia, AFP, Chania, Greece, United States, West, NATO

☆ Here's how Disney’s streaming business can work toward Netflix-like profitability
▼ + stars: | 2024-05-21 | by ( Paulina Likos | ) www.cnbc.com time to read: +14 min

Disney's streaming margins, while still negative due to losses and nowhere near Netflix's, have improved significantly in recent quarters and are now on the doorstep of an important milestone. Disney's streaming overview Disney+ is its flagship streaming service across the globe. The ARPU discrepancy on Disney+ core helps explain why Netflix is much more profitable than Disney's streaming business. Given that Disney's streaming business has rolled out pretty much everywhere across the globe, Cruetz said moving forward "it's about driving more penetration in those markets." The latest is a matchup with Disney and HBO's parent Warner Bros Discovery , whose flagship streaming service is called Max.

Persons: Bob Iger, Disney, Iger, Covid, Morgan Stanley, It's, That's, Cowen, Doug Creutz, Hulu's, Cowen's Cruetz, Brandon Nispel, Cruetz, TD Cowen, Max, Creutz, cannibalization, it's, KeyBanc's Nispel, Wells Fargo, Jim Cramer's, Jim Cramer, Jim, Presley Ann Organizations: Disney, Netflix, ESPN, Reliance Industries, Century Fox, CNBC, Comcast, Capital, Warner Bros Discovery, Getty Locations: Netflix's, Hulu, India, Malaysia, Philippines, Thailand, U.S, Canada, Europe, Africa, West Asia, Los Angeles

☆ America's highest-earning CEO was awarded a staggering $162 million last year — but there's a catch
▼ + stars: | 2024-05-21 | by ( George Glover | ) www.businessinsider.com time to read: +1 min

Broadcom boss Hock Tan is the highest-earning CEO in the US, per a Wall Street Journal analysis. But Tan has to fulfill certain criteria to get his full $162 million pay package. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAmerica's highest-paid CEO isn't Apple's Tim Cook, Tesla's Elon Musk, or Meta Platforms' Mark Zuckerberg — it's Broadcom's Hock Tan, The Wall Street Journal found in an analysis published this week. Tan was awarded $162 million in compensation last year, but it comes with a catch: he'll only receive the full amount if his company's stock hits a certain level by 2025, the WSJ said.

Persons: Hock Tan, Tan, Nikesh Arora, Steve Schwarzman, —, isn't, Tim Cook, Tesla's Elon, Mark Zuckerberg, Broadcom's Hock Tan Organizations: Broadcom, Palo Alto Networks, Service, Journal, Business

☆ 'Bridgerton' star Claudia Jessie thinks there's 'room to play' with Eloise's love story
▼ + stars: | 2024-05-21 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +7 min

Three seasons in, Claudia Jessie still thinks that Eloise Bridgerton is cool. Warning: Minor spoilers ahead for "Bridgerton" season three, part one. There's room for play as well. Claudia Jessie as Eloise Bridgerton in season three of "Bridgerton." "Bridgerton" season three, part two premieres June 13.

Persons: Claudia Jessie, Eloise Bridgerton, Jessie, Penelope Featherington, Nicola Coughlan, she's, Cressida Cowper, Jessica Madsen, Eloise, Penelope, Liam Daniel, Netflix Eloise, Lady Whistledown, it's, Nicola, we've, isn't, Cressida, Theo, Jess Madsen, We've, Jess, we'll, Daphne, Francesca, Benedict, I've, There's, there's, who's, doesn't, that's, Nothing's, I'm, I'd Organizations: Service, Business, Netflix, Guardian Locations: London

☆ 'AI demand train running at full speed': Here's what Wall Street expects from Nvidia's 1st-quarter earnings
▼ + stars: | 2024-05-21 | by ( Matthew Fox | ) www.businessinsider.com time to read: +5 min

Wall Street expects a continued increase in Nvidia's AI chip sales ahead of its next-gen Blackwell chip release. Here's what Wall Street expects from Nvidia's upcoming earnings report. Deutsche Bank: "AI leadership to continue"Deutsche Bank said it fully expects Nvidia to deliver "healthy multi-billion dollar beats/raises on still healthy demand for AI compute." However, the bank sees much of that strength already priced into the stock, leading the firm to believe that Nvidia stock is "fully valued." Bloomberg Intelligence: "Nvidia has more levers to attack the market"Bloomberg Intelligence analyst Oscar Hernandez Tejada said in a recent note he fully expects Nvidia to report "a solid beat and raise" on Wednesday, arguing that "Nvidia's AI demand train running at full speed."

Persons: —, Wells, Aaron Rakers, Rakers, Taiwan Semiconductor bode, Vivek Arya, Blackwell, Arya, NVDAs, Oscar Hernandez Tejada, Tejada Organizations: Nvidia, Service, ChatGPT, Nvidia's, Blackwell, GPU, Data, Super Micro Computer, Taiwan Semiconductor, Bank of America, Deutsche Bank, Bloomberg Intelligence, Bloomberg Locations: Wells Fargo, Wells, China

☆ Here's how to buy renewable energy from your electric utility
▼ + stars: | 2024-05-21 | by ( Greg Iacurci | ) www.cnbc.com time to read: +7 min

In the voluntary market, customers buy renewable energy in amounts that exceed states' minimum requirements from utility companies. Customers in these programs — also known as utility green power programs — pay their utility a "small premium" to get electricity from renewable sources, according to the U.S. Energy Department. Green power marketing programs Consumers in some states can also opt into "green power marketing programs." watch nowGreen energy programs instead rely on "renewable energy certificates," or RECs. It's a way to provide extra funding to a renewable energy project, typically sold by a broker or marketer rather than a utility, Sumner said.

Persons: Mark Felix, Jordan Vonderhaar, Jenny Sumner, It's, Joe Raedle, Loren Elliott, —, Sumner, Valerie Macon, Joydeep Mitra, Mitra Organizations: Afp, Getty, U.S . Energy Information Administration, National Renewable Energy Laboratory, Environmental Protection Agency, Roadrunner, Bloomberg, U.S . Department of Energy, Getty Images, U.S . Energy Department, Yale University's, EPA, Michigan State University Locations: Dawson , Texas, U.S, McCamey , Texas, Solano County , California, California , Connecticut, Delaware , Illinois, Maine , Maryland , Massachusetts, Michigan , New Hampshire , New Jersey , New York , Ohio, Pennsylvania, Rhode Island , Texas, Virginia, California, Imperial , California

☆ So you finally got TSA pre-check. Here's how to avoid being the most annoying person in line and get through fastest.
▼ + stars: | 2024-05-21 | by ( Joey Hadden | ) www.businessinsider.com time to read: +5 min

In the TSA PreCheck line, pre-screened travelers can go through security quickly without taking off their shoes or removing electronics or liquids from their carry-on bags. In November 2023, the TSA reported that more than 17 million Americans have TSA PreCheck. Ott said this can cause the line to move slower, but he shared his best tips for TSA PreCheck travelers. I have it in my backpack, knowing I'll put it on as soon as I get through PreCheck," Ott told BI. Be ready before it's your turnWhen you first get in line, Ott recommends having your boarding pass and identification out before it's your turn to show them.

Persons: —, Chase, John Raoux Gilbert Ott, Ott, ROBYN BECK, we'd Organizations: Service, TSA, Business, Venture, Capital, Chase Sapphire Reserve, Delta, American Express, AP, Getty

☆ Eli Lilly stock hits new highs after a regulatory win in China. This is a big deal
▼ + stars: | 2024-05-21 | by ( Morgan Chittum | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Jim Cramer described the market as overall "benign," while the S & P 500 and Dow also traded pretty flat. Eli Lilly received approval for its GLP-1 drug tirzepatide in China. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Christopher Waller, Jim, Waller's, billings, Eli Lilly, Jim Cramer's Organizations: CNBC, Nasdaq, Dow, Washington , Federal Reserve, Palo Alto Networks, Club Locations: Washington ,, Palo, billings, China

☆ Sam Altman's self-own with ScarJo reveals a troubling question about OpenAI: What's with these clowns?
▼ + stars: | 2024-05-21 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +5 min

Read previewOpenAI's fight with Scarlett Johansson isn't just a PR disaster (and a big one at that). Most of all, it shows there's just really, really bad judgment going on at the highest levels of Sam Altman's company. But everyone immediately noticed that the "Sky" voice that ended up on ChatGPT reminded them of ScarJo. And then Sam Altman, in one of the greatest self-own moves of the generative AI era, tweeted out "her" during the product demo last week. The OpenAI team used a Scarlett Johansson sound-alike voice — also completely avoidable.

Persons: —, Scarlett Johansson isn't, there's, Sam Altman's, ScarJo, Johansson, OpenAI, Scarlett Johansson, Sam Altman, wasn't, Johansson's, Altman, it's, Ilya Sutskever Organizations: Service, Business, Hollywood, SAG, CNN, Reuters, Marvel, tech's, Facebook, Microsoft, eventual Locations: Turkey

☆ Options traders increased bets on GameStop weeks before its price spiked, setting up for gains near 1,000%. Here's the strategy behind it and the probability of it happening again.
▼ + stars: | 2024-05-21 | by ( Laila Maidan | ) www.businessinsider.com time to read: +3 min

Those strike prices were substantially higher than the stock's price, which was trading between $10 to $16.50 that week. But what Sosnick found interesting was that the open interest went up faster for the $30 strike calls, signaling an expectation that the price would really rally this time. The table below shows the rise in open interest on strike calls of 20, 25, and 30 set to expire by May 17 and the price of the contracts. AdvertisementTom Sosnoff, the cofounder of Thinkorswim and Tastytrade, says there's probably a reasonable explanation behind the rise of open interest in GME. As for the rise of open interest on the 30-strike price, he attributes it to the cheapness of those contracts relative to the other strikes rather than a function of price prediction.

Persons: Keith Gill's, Roaring, Gill, Steve Sosnick, Sosnick, GME, Tom Sosnoff, there's, you'd, Sosnoff Organizations: GameStop, Social, Interactive, Traders Locations: GME

☆ Stock market today: S&P 500 edges higher to new record as traders brace for Nvidia earnings
▼ + stars: | 2024-05-21 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

The S&P 500 came close to breaching a new high, as investors gear up for Nvidia earnings on Wednesday. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe S&P 500 closed at a record high Tuesday, as investors gear up for Nvidia's highly-anticipated earnings report. By now, the semiconductor manufacturer has a reputation for leading broader stock market upside and traders are eyeing the release as the next big catalyst as the market heads toward summer.

Persons: Christopher Waller, Crypto, —, cryptocurrency Organizations: Service, Nasdaq, Federal Reserve, ethereum, Here's

Walmart heiress Alice Walton is the second-richest woman in the world, with an estimated $84 billion net worth. AdvertisementAlice Walton, the only female heiress to the Walmart fortune, is one of the richest women in the world. The three Walmart heirs — Rob Walton, Jim Walton, and Alice Walton — have a combined wealth of more than $250 billion, according to the Bloomberg Billionaires Index. The 74-year-old Alice Walton has an estimated fortune worth $84 billion and ranks 19th on Bloomberg's list. She's the second-richest woman in the world, behind only L'Oréal heiress Françoise Bettencourt Meyers.

Persons: Alice Walton, —, Rob Walton, Jim Walton, Alice Walton —, Françoise Bettencourt Meyers Organizations: Service, Walmart, Bloomberg, Business

☆ Here's the pitch deck Footprint, a startup helping Wall Street verify customer identities, used to raise $13 million from VCs like QED and Index Ventures
▼ + stars: | 2024-05-21 | by ( Bianca Chan | ) www.businessinsider.com time to read: +1 min

Footprint is a startup that helps financial firms onboard customers and verify their identities. It raised $13 million in a Series A, announced today, that was led by QED Investors. Here's the pitch deck and 5-page memo that Footprint used to win over investors. AdvertisementA startup looking to be Wall Street's one-stop shop for onboarding new customers just raised $13 million. The round was led by QED Investors, and included investment from Index Ventures and Palm Tree Capital, among others.

Persons: —, Eli Wachs Organizations: QED Investors, Service, Business, Index Ventures, Tree

☆ Gold hovering near record levels: Here's what you need to know
▼ + stars: | 2024-05-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGold hovering near record levels: Here's what you need to knowChris Mancini, Gabelli Gold Fund associate portfolio manager, and Bob Parker, senior advisor at International Capital Markets Association, join CNBC's 'The Exchange' to debate the bear and bull case for gold.

Persons: Chris Mancini, Bob Parker, CNBC's Organizations: International Capital Markets Association

☆ After my boomer husband retired, we moved to a bigger house. We now have space for our hobbies and grandchildren to visit.
▼ + stars: | 2024-05-21 | by ( Melody Wren | ) www.businessinsider.com time to read: +5 min

We lived in a large house built in 1870 in the center of town. AdvertisementWe have space to embrace hobbies and passionsWe now have space to do all the things we love, but didn't have space before. In our bigger house, my husband now has a full workshop to fulfill his dream of doing woodworking. There is a finished basement and a nice backyard with a hot tub to soothe my rheumatoid arthritis. The hot tub adds to the enthusiasm of the grandkids visiting, treating it like a pool.

Persons: — Organizations: Service, Business

☆ I work in the unpredictable film industry so I started blogging as a side hustle. Now it supports me fully — here's how I built it.
▼ + stars: | 2024-05-21 | by ( Elle Hardy | ) www.businessinsider.com time to read: +6 min

I could be on a three-month film set or a nine-month series set and then go months without a call. I started working on YouTube thumbnails and event flyers for the music industry. For example, a friend helped repair my dishwasher, so I put together "gift ideas for makers and tinkers." AdvertisementI started posting in groups and asking for gift ideas to write blog posts about. It's not money I would make on a film set, but it was something.

Persons: —, Ana Julia Gomes, I've, John Wick, Jessica Jones, It's, I'm, DINK Organizations: Service, Business, Constellation, Apple, DJ, WordPress, Facebook Locations: Berlin, Cuba, Miami, New York City

☆ If you're not making progress in therapy, you might be intellectualizing your emotions. Here are 3 signs, according to a therapist.
▼ + stars: | 2024-05-21 | by ( Kim Schewitz | ) www.businessinsider.com time to read: +7 min

You might fixate on understanding why you're feeling this way, why the upsetting situation has occurred, and what you can rationally do to resolve it. AdvertisementShe shared three signs that you might be intellectualizing your feelings and how you can start to feel safe enough to feel them. The goal of therapy should be to support when you're feeling safe enough that you want to feel your feelings." You feel emotionally disconnected from people and things in your lifeFeeling a sense of emptiness or disconnection could be a sign you're intellectualizing your feelings. You're responding normally but you don't feel fully authentic or present because you're thinking too much and you're "stuck in your head."

Persons: —, Trisha Wolfe, Wolfe, they've, They'll, I'm, Intellectualizing Organizations: Service, Business, Systems Locations: Michigan, intellectualizing

☆ How Trump's presidency became a roller-coaster ride for many of America's top CEOs
▼ + stars: | 2024-05-21 | by ( John L. Dorman | ) www.businessinsider.com time to read: +9 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In August 2017, a Trump Tower event meant to provide updates about Trump's infrastructure plan became dominated by his response to the violence in Charlottesville. And in February 2018, Trump's infrastructure proposal took a back seat amid accusations of misconduct by two close aides. But after the election, Trump invited a broad array of tech leaders to Trump Tower and expressed a desire to work with them on innovation. In 2020, several tech leaders — including Cook — were critical of Trump's visa restrictions that would impact highly-skilled foreign workers in the industry.

Persons: —, Donald Trump, Hillary Clinton, Trump, Steve Mnuchin, Goldman Sachs, Gary Cohn, Wilbur Ross, Trump's, Elon Musk, Heather Heyer, Andrew Harnik, I've, Kenneth Frazier, Kevin Plank, 3M's Inge Thulin, Brian Krzanich, , Jim Comey, we've, Senate — Trump, Joe Biden, Tim Cook, Manuel Balce Ceneta, he'd, Jeff Bezos, Biden, Cook, Cook — Organizations: Service, White, National Economic Council, Business, Democrats, GOP, Tesla, AP, Merck, American Manufacturing Council, Policy, Trump, House, Republicans, Senate, Amtrak, Apple, Twitter, Democratic Locations: United States, Charlottesville, Va, weren't, Paris

☆ Nvidia Q1 earnings: Here's what to expect
▼ + stars: | 2024-05-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNvidia Q1 earnings: Here's what to expectThe desk debates how high the bar is set for Nvidia, and how it will affect the Nasdaq's march to new highs.

Organizations: Nvidia

☆ Lowe's beats on earnings and revenue, even as consumers spend less on DIY projects
▼ + stars: | 2024-05-21 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +2 min

Lowe's topped Wall Street's quarterly earnings and revenue expectations on Tuesday, even as do-it-youself customers bought fewer pricey items. It marked the fifth quarter in a row that Lowe's posted a year-over-year sales decline. Roughly half of Home Depot's sales come from pros compared to about 20% to 25% at Lowe's. Lowe's is lapping a year-ago quarter when the company slashed its full-year outlook and posted a year-over-year sales decline. For each of the three quarters since then, Lowe's sales have also dropped from the year-ago periods.

Persons: Lowe's, Marvin Ellison, Ellison Organizations: Home Depot, LSEG

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