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After two years in the Air Force and decades on Skid Row, Steve Allen was spending his senior years living in his car. Home for Babs Ludikhuize, an Air Force veteran recovering from domestic violence, was in psychiatric care. Now all three have comfortable apartments with subsidized rents, and they embody what many analysts call the greatest success in homelessness policy — the decline in homeless veterans. Progress in the veterans program has slowed as rising rents displace more tenants and make it harder to help them regain housing. But while homelessness among veterans rose last year, the increase was smaller than other groups faced.
Persons: Steve Allen, John Sullivan, “ Patton, , Babs Ludikhuize Organizations: Air Force, Army, Department of Veterans Affairs, Department of Housing, Urban
OpenAI co-founder John Schulman said in a Monday X post that he would leave the Microsoft -backed company and join Anthropic, an artificial intelligence startup with funding from Amazon . In June, OpenAI said Schulman, as head of alignment science, would join a safety and security committee that would provide advice to the board. Schulman has only worked at OpenAI since receiving a Ph.D. in computer science in 2016 from the University of California, Berkeley. The leaders of the superalignment team, Jan Leike and company co-founder Ilya Sutskever, both left this year. Also on Monday, Greg Brockman, another co-founder of OpenAI and its president, announced that he was taking a sabbatical for the rest of the year.
Persons: ChatGPT, OpenAI, John Schulman, Schulman, OpenAI's, Jan Leike, Ilya Sutskever, Leike, Sutskever, Sam Altman, Altman, Tasha McCauley, Helen Toner, Toner, WilmerHale, Greg Brockman Organizations: Darktrace Plc, Microsoft, Amazon, OpenAI, University of California, Anthropic, Superintelligence Inc, Google, Employees, AI Safety Locations: Brooklyn, New York, British, Berkeley, Francisco
(This is CNBC Pro's live coverage of Monday's Wall Street chatter as global markets sell off. — Lisa Kailai Han 7:02 a.m.: How long sell-offs typically last Bad news: The current market sell-off may have further to go. — Lisa Kailai Han 6:09 a.m.: Oppenheimer's Stoltzfus: Best to not 'jump to conclusions' Investors need to have a cool head as global markets sell off, according to Oppenheimer's John Stoltzfus. — Fred Imbert 5:51 a.m.: Global markets in an 'aggressive risk-unwind', Vital Knowledge says Fears of a U.S. recession are pressuring global markets, leading investors around the world to sell some of this year's top winners, according to Adam Crisafulli of Vital Knowledge. "Markets are caught in an aggressive risk-unwind as equities plunge around the world, with tech getting hit particularly hard," he wrote in a note Monday.
Persons: Wharton's Siegel, Jeremy Siegel, CNBC's, Siegel, hasn't, it's, … They're, , Lisa Kailai Han, Tom Lee, Lee, Duncan Toms, Toms, Fred Imbert, Victoria Greene, Greene, It's, Nimrit Kang, — Lisa Kailai Han, Dan Ives, Gene Goldman, Gennadiy Goldberg, Ives, Goldman, Goldberg, Oppenheimer's John Stoltzfus, Evercore, Ed Hyman, Hyman, Adam Crisafulli, Crisafulli Organizations: CNBC, Stock, Nikkei, Dow Jones Industrial, Nasdaq, Wharton, Federal Reserve, Fundstrat Global, HSBC, G Squared, Wealth, NorthStar Asset Management, Street, Wedbush, TD Securities, Federal, NASDAQ, U.S, Fed, Global Locations: U.S, Europe, Japan, China
CNN —For David Smith, playing the sport he loves has come with adaptations. Smith was born with severe hearing loss in both of his ears and relies on lip-reading to understand what his volleyball teammates and coaches are saying. But his disability comes with its own unique set of challenges, one which Smith describes as “hard work. Smith began playing volleyball aged 14, initially as a summertime hobby outside of his regular sporting passion: Soccer. Speraw describes discovering Smith as like “finding a diamond in a rough.” He also said that Smith’s disability never came into play.
Persons: David Smith, Smith, David, ” Smith, “ I’ve, , Olympics.com, John Speraw, Speraw, ” Speraw, Andrej Isakovic, , , “ You’re Organizations: CNN, USA, Paris Olympics, University of California, US, volleyball, Paris Games, Japan Locations: Rio, Irvine, Speraw, Argentina, AFP, Paris, Poland
In 1957, four Oregon families hired a locally famous architect to build them a mini-neighborhood. There were 12 kids among the families, and one fondly remembered growing up in the little village. Take a look inside the still-mint-condition homes, defined by wood details and lush landscaping. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The architect, John Storrs, would go on to become a regional icon, known for warm, natural materials and show-stopping windows.
Persons: , John Storrs Organizations: Service, Business Locations: Oregon, Portland , Oregon
University of Connecticut star Paige Bueckers will sign a name, image and likeness deal with the new women's basketball league Unrivaled, people familiar with the matter told CNBC. Unrivaled was founded last year by Women's National Basketball Association players Breanna Stewart of the New York Liberty and Napheesa Collier of the Minnesota Lynx. In February, Bueckers announced she would forgo the 2024 WNBA Draft to return to UConn for her senior season. Unrivaled was started as a way to allow WNBA basketball players the option to play in the U.S. during their offseason. Angel Reese of the Chicago Sky was the first player from this year's WNBA rookie class to join the league.
Persons: Paige Bueckers, Breanna Stewart, Napheesa Collier, Bueckers, Stewart, Collier, Chelsea Gray, Kelsey Plum, Angel Reese, Geno Auriemma, Carmelo Anthony, Steve Nash, Alex Morgan, Megan Rapinoe, John Skipper, David Levy, Ashton Kutcher Organizations: UConn Huskies, NCAA, Iowa Hawkeyes, Mortgage, University of Connecticut, CNBC, Women's National Basketball Association, New York Liberty, Minnesota Lynx, WNBA, UConn, Las Vegas Aces, Dallas Wings, Chicago Sky, Bueckers, National Basketball Association Locations: Cleveland , Ohio, U.S
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In a little over a week, the index sank from near 5,670 to under 5,400 as the mega-cap tech stocks that drove the market higher suddenly sold off. Advertisement"You have to get involved in stocks; you have to be invested in the US equity market," Salama told Business Insider. However, the trader isn't abandoning his bullish view on mega-cap tech stocks. AdvertisementStoltzfus agrees that the market's favorite stocks, including those tied to artificial intelligence, aren't wildly overvalued, as some bears have argued.
Persons: , John Salama, he's, Salama, There's, John Stoltzfus, who's, Stoltzfus, I've, Trump, Biden, Harris, Parris, it's Organizations: Service, Business, Labor, Oppenheimer Asset Management, House, Shmump, Dell Technologies
Last Sunday, after President Biden announced he was stepping down from his presidential campaign and endorsing Kamala Harris as his replacement, Democratic meme makers rejoiced. Minutes after the announcement, a group chat called “Rebel Alliance” — made up of left-wing creators who got to know one another during the 2020 campaign — lit up with excited messages. “All the progressive meme warriors are giddy right now,” said John Sellers, a co-founder of The Other 98 Percent, a popular left-wing Facebook page with 7.1 million followers, who participated in the chat. There’s “genuine excitement” about Ms. Harris among liberal creators, he said, “whereas with Biden we were trying to manufacture excitement from vapor.”
Persons: Biden, Kamala Harris, , , John Sellers, There’s, Harris Organizations: Democratic
Ethan Miller/TAS23/Getty Images Swift performs "Lover" with her band, backup singers and dancers in Nashville, Tennessee, in May 2023. John Shearer/TAS23/Getty Images Swift performs in Glendale, Arizona, during the opening weekend of "The Eras Tour" in March 2023. John Shearer/TAS23/Getty Images Swift sings "I Can Do It With a Broken Heart" in Paris in May 2024. Allen J. Schaben/Los Angeles Times/Getty Images Swift performs the 10-minute version of "All Too Well" in Nashville in May 2023. John Shearer/TAS23/Getty Images Swift leaves the stage after the "Speak Now" set in Nashville in May 2023.
Persons: He’s, it’s Taylor Swift, Swift, , Taylor —, “ Tyler ”, Tyler, Taylor, Swift's Versace, Peter Kelleher, that’s, “ Taylor Swift, Bahama, ” Kate Bailey, Versace, Queen, Mariah Carey, Lady Gaga, Jo Calderone, Zayn Malik, Troye Sivan, Taylor Swift, Kevin Mazur, Natasha, Ethan Miller, John Shearer, Kevin Winter, Benjamin B, Braun, Jutharat, Phoebe Bridgers, Bridgers, Raymond James, Zack Wittman, Hector Vivas, Gareth Cattermole, Don Arnold, TAS24, Rachel Wisniewski, Terence Rushin, Travis Kelce, Haim, Jeff Kravitz, Erin Clark, Sarah Yenesel, Sabrina Carpenter, William West, Christopher Polk, Bob Levey, TAS23, Allen J, ” Swift, Biden Organizations: CNN, MTV, Victoria, Albert Museum, Little, Swift City, Pittsburgh, MetLife Stadium, New York Times, Department, Lincoln Financial, Washington Post, Ticketmaster, Boston Globe, Getty, Penske Media, Los Angeles Times Locations: London, East Rutherford , New Jersey, Chicago, Las Vegas, Nashville , Tennessee, Glendale , Arizona, Glendale, Swift, Los Angeles, Pittsburgh, East Rutherford, Paris, Nashville, Tampa , Florida, Mexico City, Edinburgh, Scotland, Sydney, Philadelphia, Atlanta, Santa Clara , California, Foxborough , Massachusetts, Kansas City , Missouri, Coney, Melbourne, AFP, Lyon, France, Houston, Inglewood , California, Cincinnati
CNN —Hundreds of votes were cast fraudulently for one finalist in the prestigious Hugo Awards, which honors the best science fiction and fantasy works of the previous year, its administrative team has revealed. The Hugo Awards can only be voted on by members of the World Science Fiction Society, who gather at annual conventions commonly known as “Worldcon,” which brings together science fiction enthusiasts from around the globe. A membership for the World Science Fiction Society costs about $58 (£45), meaning the membership fees to cast 377 fraudulent votes would cost about $21,900 (£16,960). The Hugo Awards, established in 1953, has 15 categories, including best novel, best short story and best fanzine. Jemisin’s “The Stone Sky.”John Scalzi, one of this year’s finalists for his book “Starter Villain,” praised the Hugo Awards’ transparency in a post on his website.
Persons: Hugo, Rowling’s, Harry Potter, Martha Wells, Jemisin’s, John Scalzi, , , ” Scalzi Organizations: CNN, Science Fiction Society Locations: Scottish, Glasgow, Seattle , Washington
AdvertisementBenedict's love story will be the focus of season 4Luke Thompson as Benedict Bridgerton on season three, episode one of "Bridgerton." The official logline for next season reads: "The fourth season of 'Bridgerton' turns its focus to bohemian second son Benedict (Luke Thompson). AdvertisementLuke Newton and Nicola Coughlan will reprise their roles as Colin and Penelope Bridgerton in season 4Luke Newton and Nicola Coughlan on season three of "Bridgerton." Ashley told reporter Josh Rom during a "Bridgerton" season three screening premiere on Wednesday that she will return for season four. 'Bridgerton' season 4 won't come out until 2026Martins Imhangbe as Will Mondrich and Luke Thompson as Benedict Bridgerton on season three, episode two of "Bridgerton."
Persons: , Benedict Bridgerton's, Colin Bridgerton, Luke Newton, Penelope Featherington's, Nicola Coughlan, Polin, Benedict, Luke Thompson, Benedict Bridgerton, Liam Daniel, Thompson, Eloise Bridgerton, Claudia Jessie, Francesca Bridgerton, Hannah Dodd, John Stirling, Victor Alli, Michaela Stirling, Masali, she'd, Julia Quinn's, Sophie Beckett, Sophie, Araminta Gunningworth, Brownell, loath, Silver, Colin, Penelope Bridgerton, Netflix Coughlan, TheWrap, Newton, Jess Brownell, Whistledown, he's, Simone Ashley, Kate, Jonathan Bailey, Anthony, Anthony Bridgerton, Ashley, Bailey, Josh Rom, Kate Sharma, Cressida Cowper Jessica Madsen, Cressida Cowper, Jessica Madsen, Lady Whistledown, Penelope, Cressida, Cowper, we've, Martins Imhangbe, Will Mondrich, room's, We've, Adjoa Andoh, " Brownell, It's, there's Organizations: Service, Netflix, Business, coy, Entertainment, Teen Vogue, Hollywood Reporter, Los Angeles Times, Danbury, LA Times Locations: Scotland, India, Kanthony, Wales
You don’t have to be a horror film starlet to pull off a summer leather look, either. Monroe's full patent sheep leather look from Hervé Leger was a surprising choice for summer in the city. Last week, Kate Hudson was seen in a pair of lace-up leather pants. Gotham/GC Images/Getty ImagesDua Lipa's opening look for her Glastonbury Festival set was a leather mini dress from Chrome Hearts. Wherever the trend has come from, one thing is for certain: A leather jacket is no longer just for Christmas, but all year round.
Persons: , Maika Monroe, Monroe, John Salangsang, Monroe isn’t, Mia Goth —, , Versace, Jimmy Kimmel, Goth, Ludovic, Kate Hudson, Vick Hope, Rita Ora —, ” —, Hervé Leger, Mia Goth, Griffin, Matthieu Blazy, we’ve, Scott A, Rosalía —, Motomami —, Charli XCX, Organizations: CNN, LA, Northern, Wimbledon, Bottega Veneta, Glastonbury, Chrome Hearts, Coachella Locations: New York City, LA, Soho, New York, Gotham, Lipa, Palm Springs, Charli
Read previewElon Musk said that Singapore's first prime minister, touted as the country's founding father, was a "brilliant" man. Mack wrote about Lee's efforts in conceiving Singapore's Changi Airport, which has been named the world's best airport 12 times by London-based research firm Skytrax. Singapore's award-winning Changi Airport. John Seaton Callahan/Getty ImagesBefore Singapore's Changi Airport became operational in 1981, the island state had a small commercial airport located inland on the east side of Singapore, called Paya Lebar Airport. The country's largest public universities, National University of Singapore and Nanyang Technological University, ranked 8th and 15th, respectively, in the 2025 QS top universities rankings.
Persons: , Elon Musk, George Mack, Lee Kuan, Mack, d1C60XIvNA — Elon, Musk, Lee, Singapore's, John Seaton Callahan, Skytrax, Martin Puddy, Liu Thai Ker, Jon Hicks, it's Organizations: Service, SpaceX, Business, Changi, Changi Airport, Singapore's Changi, Airport, Changi Airport's, Business Times, The New York Times, Financial, Singapore Crowds, Getty, National University of Singapore, Nanyang Technological University, QS, Cornell, Princeton, Yale Locations: London, Singapore, Paya, Changi, Southeast Asia, Malaysia, Asia, Hong Kong, Singapore's Orchard
It also exposes the fragility of those systems and raises the question: Does Big Tech deserve our trust to properly safeguard a technology as powerful as AI? He said Big Tech companies evaluate systems based on if they work "pretty well most of the time," because there's a rush to get products to market. He said big tech companies should have alternative vendors and a multi-layered defense strategy. Big Tech companies, including Facebook, Amazon, and Google, saw the sharpest drop in trust, with an average decline in confidence ratings of 13% to 18%, according to Brookings. Big Tech companies have had "free rein," Patnaik said.
Persons: , CrowdStrike, Gary Marcus, Marcus, John Schulman, Dan O'Dowd, there's, Javad Abed, Johns Hopkins, Abed, Sanjay Patnaik, Patnaik Organizations: Service, Big Tech, Tech, Business, Microsoft, Geometric Intelligence, Uber, Tesla's, BI, Companies, Google, Adobe, US Department of State, Johns, Carey Business School, Brookings Institution, Facebook Locations: Brookings
CNN —Sealed bottles of tattoo and permanent makeup ink, including some marked as sterile, contained millions of potentially dangerous bacteria, according to new research by the US Food and Drug Administration. Earlier studies have found high levels of bacterial contamination within sealed and sterile bottles of ink. Unfortunately, the study’s findings were not surprising, said John Swierk, an assistant professor of chemistry at Binghamton University, State University of New York, who has studied tattoo ink contamination. For example, using the same gloves to touch a client and the ink bottle is a hazard that can lead to tattoo ink contamination. “Tattoo inks are in the process of being regulated due to the Modernization of Cosmetics Regulation Act (of 2022) but much of that law dealing with tattoo inks has yet to be implemented,” Swierk said.
Persons: , Peter, Kim, Linda Katz, ” Katz, Katz, John Swierk, Swierk, Selina Medina, ” Medina, Robert Schooley, , ’ ”, Schooley, Medina, miodrag ignjatovic, ” Swierk Organizations: CNN, US Food and Drug Administration, National, for Toxicological Research, Cosmetics, US Centers for Disease Control, Binghamton University, State University of New, Alliance, Professional, Manufacturers, FDA, CFU, University of California, Center, Therapeutics, Artists Locations: Jefferson , Arkansas, State University of New York, United States, San Diego, Medina
The Chinese Base That Isn’t There
  + stars: | 2024-07-14 | by ( Agnes Chang | Hannah Beech | ) www.nytimes.com   time to read: +10 min
Security gate Chinese-funded buildup CAMBODIA Chinese warship CAMBODIA CAMBODIA Dry dock and other repair facilities Before After China insists it is not building a naval base in Cambodia. CHINA Ream, CambodiaThe Chinese Base That Isn’t There New facilities and the months-long presence of Chinese warships show Beijing’s growing global influence. In 2020, something curious happened at Cambodia’s Ream military base, on the Gulf of Thailand. The Chinese military presence near one of the world’s most vital sea lanes raises fundamental questions about Beijing’s ambitions. “The Ream military base is Cambodia’s, not the military base of any country,” Mey Dina, the commander of the base, told The New York Times.
Persons: CHINA, , , Jan, John, “ We’re, Lloyd J, Austin III, ” Mey Dina, Mey Dina, Xi Jinping, dredgers, Ream, Gregory B, Poling, ‘ Ream, Xi, Hun Sen, Mr, Hun Sen’s, Hun Manet Organizations: U.S . Defense Department, Thunderbird School of Global Management, Arizona State University, Agence France, Navy, Planet Labs, Ream, Pentagon, New York Times, China’s, China’s Djibouti Naval, Basketball, Djibouti ETHIOPIA Perimeter, NAM Ream, Center for Strategic, International Studies, Cambodian, Congressional Research Service, White, AMERICA Ports, SOUTH AMERICA SRI LANKA, China, China ASIA EUROPE CHINA AFRICA Djibouti Ream SRI LANKA, United States Military Academy Locations: CAMBODIA CAMBODIA, China, Cambodia, CHINA Ream, Thailand, Ream, South China, American, Cambodian, U.S, People’s Republic, China’s, Djibouti, Horn of Africa, China’s Djibouti, YEMEN Djibouti, Djibouti ETHIOPIA, THAILAND, Cambodia Malacca, Africa, Asia, Southeast Asia, Djibouti Ream Africa, ASIA EUROPE, China CHINA AFRICA Djibouti, AUSTRALIA, China ASIA EUROPE CHINA AFRICA Djibouti, United States, Spratlys
If we had seen the attack on former President Donald J. Trump only through television footage, it would have appeared shocking, but also chaotic and muddled. Secret Service agents jump in. Blood running from Mr. Trump’s ear to his lips testifies to how close the former president had come to death. In the lens of the still camera, the horror of the attack was translated into embodiments of authority, defiance and near martyrdom. The American flag billowing behind Mr. Trump’s bloodied face in some of the photos may superficially recall a Romantic tradition of bloodied national heroes, real or allegorical.
Persons: Donald J, Doug Mills, Trump’s, John Singleton Copley’s, Peirson ” Organizations: Trump, Service, The New York Times, Associated Press, Reuters, Secret Service Locations: France, Iwo Jima
The most bullish S&P 500 price target is 6,000 from Evercore ISI, which represents a gain of about 7%. While the average year-end S&P 500 price target is 5,429, according to data from Bloomberg, the median year-end price target is 5,600. Yardeni Research: S&P 500 price target of 5,800Yardeni Research raised its year-end S&P 500 price target to 5,800 from 5,400 this week. Goldman Sachs: S&P 500 price target of 5,600Goldman Sachs strategist David Kostin boosted his S&P 500 price target to 5,600 from 5,200 last month. UBS: S&P 500 price target of 5,600UBS raised its S&P 500 price target to 5,600 from 5,400 in May, and that's after the bank raised its price target in February.
Persons: , Julian Emanuel, Emanuel, they're, Oppenheimer, John Stoltzfus, Stoltzfus, Eric Wallerstein, Wallerstein, Ned Davis, Ed Clissold, Goldman Sachs, David Kostin, Kostin, Jonathan Golub Organizations: Wall, ISI, Service, Bloomberg, CNBC, Security, Yardeni, Research, Federal Reserve, Ned Davis Research, UBS, Chicago, & $ Locations: bearish
All eight episodes of "My Lady Jane" dropped on Prime Video on June 27. AdvertisementThe premise is deranged in the best wayWhat, exactly, is "My Lady Jane" about? The chemistry between Jane and Guildford is sizzling"My Lady Jane" is a perfect example of enemies-to-lovers. While the relationship between Jane and Guildford is a huge part of the show, there's a lot more going on in this universe. But "My Lady Jane" never stops with the laughs.
Persons: , Jane, King Edward VI's, Jane Grey —, jane …, trish, @ULTRAGLOSS, Emily Bader, Guildford, Edward Bluemel, Penelope, Colin, Nicola Coughlan, Luke Newton, wasn't, hasn't, Kate, Anthony, we'd, Darcy, It's, Will Mondrich, Mary, Edward, it's, Jane's, who's, King Edward dead …, Benedict, Francesca, Francesca Bridgerton, John Stirling, Dickinson, Charlotte, Taylor, Kate O'Flynn, Princess Mary, Dominic Cooper, Lord Seymour Organizations: Service, Slate, Forbes, Variety, Rotten, Business, Guildford, WLW, Netflix Locations: Guildford, Jane
All eight episodes of "My Lady Jane" dropped on Prime Video on June 27. AdvertisementThe premise is deranged in the best wayWhat, exactly, is "My Lady Jane" about? The chemistry between Jane and Guildford is sizzling"My Lady Jane" is a perfect example of enemies-to-lovers. But there's more to the show than romanceThe world of "My Lady Jane" is populated by multiple complex and compelling characters who are all vying for the throne in some way. But "My Lady Jane" never stops with the laughs.
Persons: , Jane, King Edward VI's, Jane Grey —, jane …, trish, @ULTRAGLOSS, Emily Bader, Guildford, Edward Bluemel, Penelope, Colin, Nicola Coughlan, Luke Newton, wasn't, hasn't, Kate, Anthony, we'd, Darcy, It's, Will Mondrich, Mary, Edward, it's, Jane's, who's, King Edward dead …, Benedict, Francesca, Francesca Bridgerton, John Stirling, Dickinson, Charlotte, Taylor, Kate O'Flynn, Princess Mary, Dominic Cooper, Lord Seymour Organizations: Service, Slate, Forbes, Variety, Rotten, Business, Guildford, WLW, Netflix Locations: Guildford, Jane
Oppenheimer raised its year-end S&P 500 target to 5,900, the second-highest target on Wall Street. The shift makes the firm the second-most bullish on Wall Street. "Just like before, it's a matter of the fundamentals, where they stand right now," John Stoltzfus, Oppenheimer's chief investment strategist, told CNBC. A handful of tech stocks have been doing the heavy lifting for the benchmark index, giving investors pause about how sustainable the current rally is. Correction: July 9, 2024 — An earlier version of this story misstated the date from which Oppenheimer's target indicates 6% upside.
Persons: Oppenheimer, John Stoltzfus, , Stoltzfus, It's, Goldman Sachs, Marko Kolanovic — Organizations: Service, CNBC, Security, Federal Reserve, UBS, JPMorgan . Locations: Monday's
The most bullish year-end target for the S&P 500 was 5,100, which represented solid upside of about 7% from where it ended the year. Those predictions look paltry in hindsight, as the S&P 500 finished the first half of the year up 14.5% at 5,460. Bulls are getting bolder, but risks remainIn response, several major firms have boosted their year-end S&P 500 targets in recent months. AdvertisementGoldman Sachs recently shared earnings growth projections for the 100 biggest stocks in the S&P 500, both for this year and next. Below are those 14 large-cap stocks expected to grow earnings by at least 25% next year, along with each one's ticker, market capitalization, and 2024 and 2025 earnings growth estimates.
Persons: , Goldman Sachs, Morgan Stanley, Oppenheimer's John Stoltzfus, David Kostin, Kostin Organizations: Service, Business, Bulls, BMO Capital Markets, Deutsche Bank, Apple, Meta, Microsoft, Nvidia —
Oppenheimer raises S&P 500 target to 5,900
  + stars: | 2024-07-08 | 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 EmailOppenheimer raises S&P 500 target to 5,900John Stoltzfus, Oppenheimer Asset Management chief investment strategist, joins 'Money Movers' to discuss his new target for the S&P 500, what could start to show up in Q2 regarding Oppenheimer's target hike, and much more.
Persons: Oppenheimer, John Stoltzfus Organizations: Oppenheimer Asset Management
Chief investment strategist John Stoltzfus raised his year-end S & P 500 target to 5,900 from 5,500. This change could benefit the 11 S & P 500 sectors as this "innovation cycle" shows signs of being both "cyclical and secular coupled with cross generational demographic needs." .SPX YTD mountain S & P 500, YTD The lion's share of this year's gains — the S & P 500 is up more than 16% in that time — has been driven by AI. The strategist's initial 2024 target was 5,200. The highest current S & P 500 target belongs to Evercore ISI at 6,000.
Persons: Oppenheimer, John Stoltzfus, It's, Stoltzfus, Organizations: CNBC, Market, Nvidia, Reserve Locations: Friday's
Tax-free shopping for tourists has been axed, and EU visitors now need a passport to visit, which most don’t have. Matt Cardy/Getty ImagesAs a result of Brexit, in 2021 the UK government abolished tax-free shopping for non-EU citizens. It means the UK is now the only European country not offering tax-free shopping to visitors from outside the continent. “The impact of losing tax-free shopping is clear to see,” says Dee Corsi, chief executive of the NWEC. “Whilst the likes of Italy and France are actively leveraging tax-free shopping as a driver of growth, British businesses continue to trade at a disadvantage.
Persons: CNN —, Rishi Sunak, what’s, JC Milhet, Hans Lucas, Tom Jenkins, , , ” Patricia Yates, Kayla Zeigner, Marcy Zyonse, We’ve, , Yates, ” There’s, Zeigler, Zyonse, , Owen Humphreys, VisitBritain, That’s, she’s, Keir Starmer, VisitBritain's Yates, Phil Noble, ” “, Marcus Lee, hasn’t, Matt Cardy, Dee Corsi, Jenkins, “ It’ll, King Charles, John Sibley, London “, Mia, ” She’ll, Britain Organizations: CNN, UK’s Labour Party, Conservative, Labour, Getty, European Tourism Organisation, VisitBritain, Destination, Tourism, New, London, , UK, , China Travel, Visitors, West End Company Locations: Britain, Italy, Luxembourg, London, AFP, Europe, Caribbean, Greece, Lake, Ireland, It’s, Spain, France, New York,
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