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☆ Wall Street titans back SailGP
▼ + stars: | 2024-07-12 | 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 EmailWall Street titans back SailGPCNBC's Deirdre Bosa joins 'Money Movers' to discuss the SailGP, an international sailing competition, and the league's rise in investment opportunities.

Persons: SailGP, Deirdre Bosa Organizations: Wall, titans

☆ History says there's a 100% chance that US stocks will rise in the second half of the year — here are 15 stocks to target for maximum gains
▼ + stars: | 2024-07-12 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

Sure enough, the S&P 500 rallied another 7.2%, ending 2023 up 24.2%. BMO Capital MarketsInvestors would love a similar outcome after a 14.5% first-half gain, which ranks in the 82nd percentile historically, according to BMO. History is on stocks' side in the second halfIn the last seven-and-a-half decades, the S&P 500 has risen 10% to 15% a dozen other times. Chances are, the relatively tame 5.5% slide the S&P 500 experienced in March and April won't be the biggest pullback of the year. Advertisement"Extended valuation remains a hot topic, but a closer inspection reveals that levels may not be as severe as are being advertised," Belski wrote.

Persons: —, Goldman Sachs, Brian Belski, Belski, Stocks, Oppenheimer Organizations: Service, BMO Capital Markets, Business, BMO Capital, BMO, UBS, Markets, Tech, Trade Locations: The Montreal, New York, US

☆ Media, tech titans head for Sun Valley with streaming alliances top of mind
▼ + stars: | 2024-07-08 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +8 min

In past years, media companies chased high subscriber numbers in an attempt to best each other. Nathaniel S. Butler | National Basketball Association | Getty ImagesWith the NBA's media rights negotiations still ongoing, sports will remain a topic of conversation at this year's gathering. League commissioners, especially the NFL's Roger Goodell, are often attendees of the Sun Valley conference. Discovery has been weighing whether to match a competing offer for the media rights as the league looks to finalize smaller package deals. Sports remain the glue holding the traditional pay-TV bundle together, and has proven invaluable for streaming services, too.

Persons: Drew Angerer, Discovery's David Zaslav, Bob Iger, Dana Walden, Alan Bergman, Josh D'Amaro, Hugh Johnston, Ted Sarandos, Greg Peters, Andy Jassy, Jeff Bezos, Tim Cook, it's, Shari Redstone, Neil Begley, Redstone, David A, Barry Diller —, Paramount —, Jeff Shell, Max, Jonathan Miller, Begley, Sun, Mark Boidman, Dwyane Wade, Nathaniel S, Butler, Roger Goodell, Miller, Donald Trump, Joe Biden, Andrew Harnik Organizations: Getty Images Media, titans, Allen, Co, Warner Bros, Netflix, Apple, Amusements, Paramount Global, Paramount, Moody's Investors Services, Co . Media, Technology Conference, Grogan, CNBC, Media, Shell, Disney, Hulu, ESPN, Fox Corp, Integrated Media, Hollywood, Solomon Partners, Sports, NBA, National Basketball Association, Getty, League, Sun, NFL, YouTube, Amazon Locations: Sun Valley , Idaho, Sun, Idaho, Atlanta

☆ Private equity is booming. How to get a job in the finance industry's newest 'it' sector.
▼ + stars: | 2024-07-05 | by ( Kaja Whitehouse | ) www.businessinsider.com time to read: +10 min

Getty Images; Shutterstock; BIThe traditional path to private equity starts with an investment banking job out of college. In 2023, private equity firms started reaching out in July before junior investment bankers finished their summer training. But at its core, private equity is in the business of making money by buying and running companies. Samantha Lee/InsiderA small group of headhunters and other advisors hold power over the private equity recruitment process. More on private equity pay and hiring:Have private equity's 'Hunger Games' recruiting tactics gone too far?

Persons: —, Blackstone, Apollo isn't, Goldman Sachs, it's, David Wurtzbacher, Wurtzbacher, Wharton, Graham Weaver, you've, Samantha Lee, We've, Jon Gray, Drew Angerer, Skye Gould, Steve Schwarzman, Jonathan Gray, Gray, Thoma Bravo, Atlantic's, Carlyle, Warburg Pincus, Wharton's, Axel Springer Organizations: Service, Apollo, KKR, Business, Getty, CPA, BI, Alpine Partners, Alpine's, Harvard Business School, Stanford's Graduate School of Business, Alpine, of Foreign Labor, Bain Capital, Blackstone, Harvard, Games, Wall, Citadel, headhunters, dealmakers, Private, PJT Partners, Centerbridge, of Michigan Locations: San Francisco, UPenn, Carlyle, Blackstone, Axel

☆ These Democratic megadonors are pressuring Biden to drop out
▼ + stars: | 2024-07-05 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +1 min

A growing list of wealthy Democrats are using their checkbooks to pressure Biden to drop out. Others, such as Netflix cofounder Reed Hastings, simply no longer support Biden. The donor uprising adds further obstacles to Biden hanging on after his disastrous debate performance. AdvertisementSome of the Democratic Party's biggest donors are pressuring President Joe Biden to step aside. Others are so angry about the president's standing after his disastrous debate performance that they have vowed to cut off all Democrats.

Persons: Biden, Reed Hastings, —, Joe Biden Organizations: Netflix, Service, Democratic, Hollywood titans, Democratic Party, Business

☆ Semiconductor stocks just capped off a strong start to 2024. What to expect in the second half
▼ + stars: | 2024-07-05 | by ( Samantha Subin | ) www.cnbc.com time to read: +6 min

Wall Street is sticking with semiconductor stocks after its hot start to the year. SMH YTD mountain Share performance in 2024 That said, many investors and analysts expect another strong glide path for the industry in the second half. "The AI theme continues to remain very strong," said CFRA Research analyst Angelo Zino, who holds a buy rating on Nvidia. Many on Wall Street view this upcycle as a significant tail wind for Micron Technology as the industry edges out of its trough. But many on Wall Street viewed the sell-off as a buying opportunity , with Goldman Sachs analyst Toshiya Hari expecting market share gains in high-bandwidth memory.

Persons: frothiness, Angelo Zino, you've, Ken Mahoney, John Belton, we're, Management's Paul Meeks, that's, Harlan Sur, Baird, Ted Mortonson, Jeff deGraaf, CNBC's, Gabelli's Belton, Belton, Meeks, Goldman Sachs, Toshiya Hari, Hari, CFRA, Zino, Baird's Mortonson Organizations: VanEck Semiconductor, Nvidia, Devices, CFRA, Gabelli Funds, Broadcom, JPMorgan, KLA Corp, Cadence Design Systems, Micron Technology, Micron, Qualcomm, Apple Locations: unchartered

☆ Competitive Eaters Are Just Like Us. Give or Take a Dozen Hot Dogs.
▼ + stars: | 2024-07-03 | by ( Rachel Sugar | ) www.nytimes.com time to read: +1 min

They walk among us, these titans of caloric consumption: construction workers and school superintendents, farmers and accountants. The difference is that every July 4, the best of them flock to Coney Island for the Nathan’s Famous International Hot Dog Eating Contest. Last month, Joey Chestnut, the contest’s 16-time champion, was barred from competition after signing an endorsement deal with Impossible Foods. Immediately after the news broke, it was announced that he would go head-to-head with his longtime rival, Takeru Kobayashi, in a Netflix special — “Chestnut vs. Kobayashi: Unfinished Beef” — to air live on Sept. 2. (Mr. Kobayashi, who holds the world record for downing bunless hot dogs, has not been allowed to compete in the contest since 2010, owing to a contract dispute with Major League Eating, the governing body of the Nathan’s event.)

Persons: Joey Chestnut, Takeru Kobayashi, Kobayashi Organizations: Impossible Foods, Major League Locations: Coney Island

☆ Ismail Kadare, Whose Novels Brought Albania’s Plight to the World, Dies at 88
▼ + stars: | 2024-07-01 | by ( Rusha Haljuci | ) www.nytimes.com time to read: +1 min

Ismail Kadare, the Albanian novelist and poet who single-handedly wrote his isolated Balkan homeland onto the map of world literature, creating often dark, allegorical works that obliquely criticized the country’s totalitarian state, died in Tirana, Albania, on Monday. In a literary career that spanned half a century, Mr. Kadare (pronounced kah-dah-RAY) wrote scores of books, including novels and collections of poems, short stories and essays. He shot to international fame in 1970 when his first novel, “The General of the Dead Army,” was translated into French. Mr. Kadare’s name was floated several times for the Nobel Prize, but the honor eluded him. In 2005, he received the inaugural Man Booker International Prize (now the International Booker Prize), awarded to a living writer of any nationality for overall achievement in fiction.

Persons: Ismail Kadare, Bujar Hudhri, Kadare, RAY, ”, Man Booker, International Booker, Gabriel García Márquez, Philip Roth Organizations: Onufri Publishing House, Dead Army, Man, International Locations: Albanian, Tirana, Albania

☆ Efficiency helped turn Silicon Valley around. China is taking it to the extreme to do the same.
▼ + stars: | 2024-06-24 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Now, China's tech bosses seem ready to do the same. AdvertisementChina is pushing tech workers even harderChinese tech companies seem willing to take Silicon Valley's efficiency mantra even further. Big names on China's tech scene, like JD.com and Jack Ma's Alibaba, have faced a threat from fast-growing newcomers like Pinduoduo, the sister company of online marketplace Temu. AdvertisementQu left Baidu after her comments were made public, but the ferocity of what China's tech workers are hearing isn't abating.

Persons: —, Mark Zuckerberg, Andy Jassy, Meta's Mark Zuckerberg, Richard Liu, Liu, Jack Ma's Alibaba, Pinduoduo, Jack Ma, Wang, Ma's Alibaba, aren't, Qu Jing, Qu, Baidu, isn't Organizations: Service, Business, Financial Times, Bloomberg, China Labor Watch, Baidu Locations: China, Beijing

☆ The Future of Streaming (According to the Moguls Figuring It Out)
▼ + stars: | 2024-06-22 | by ( James B. Stewart | Benjamin Mullin | ) www.nytimes.com time to read: +1 min

The same could not be said for their sprawling entertainment businesses. The three men meet occasionally to discuss the state of the industry, and lively disagreements have a been a staple of their discussions. But by the time they met on the yacht, they had all agreed that the money-losing status quo in the streaming business was unsustainable. “There was peace in the valley for a period of time,” Mr. Malone mused in a rare recent interview, recalling the days before video-streaming upended the lucrative cable business. Disney laid off thousands of workers and pushed out its chief executive as streaming losses mounted, and had to fend off a proxy contest from the activist investor Nelson Peltz.

Persons: Brian Roberts, John Malone, Barry Diller, Diller’s, ” Mr, Malone, Nelson Peltz Organizations: Mr, Arriva, Paramount, CBS, Warner Bros, Disney Locations: Jupiter, Fla

☆ Jensen Huang's Nvidia sure hopes the AI bubble doesn't burst anytime soon
▼ + stars: | 2024-06-22 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

AdvertisementHowever, Nvidia's run faces one big risk: it depends on the generative AI boom lasting. Though tech giants, including Apple, Google, Meta, and Microsoft, now appear to have made generative AI their priority, there appears to be awareness of the technology's weaknesses. Google, for instance, was forced to apologize earlier this year after its generative AI image generator created historically incorrect images in response to user requests. For now, though, the industry seems intent on moving ahead with LLM-enabled generative AI. That should keep Nvidia in the race with Microsoft and Apple to a $4 trillion valuation.

Persons: —, Jensen Huang, they've, Dan Ives, Huang, Tim Cook, Yann LeCun Organizations: Service, Nvidia, Microsoft, Apple, Business, Meta, Google, Blackwell, Apple Intelligence, Financial Locations: Taipei

☆ Spain 1 Italy 0: Calafiori own goal settles ‘European Clasico’, Nico Williams shines
▼ + stars: | 2024-06-20 | by ( The Athletic Staff | ) www.nytimes.com time to read: +11 min

Meetings between Spain and Italy rarely disappoint and this one was no exception — even if it was an own goal that decided the contest. Victory sees Spain progress to the knockout stage as group winners, while for Italy it’s all to play for against Croatia on Monday. The one-way traffic continued after half-time, and Spain got to 11 efforts at goal without finding the net. Some will focus on Donnarumma pushing Morata’s header into a helpless Calafiori’s path for Spain’s goal. As the team in front of him were run ragged by Williams and Yamal, the 25-year-old Donnarumma kept things dignified.

Persons: Luis de la Fuente, Gianluigi Donnarumma, Riccardo Calafiori, Donnarumma, Alvaro Morata, Nico Williams, Victory, Dermot Corrigan, Mark Carey, James Horncastle, De la Fuente, Williams, Lamine, Fabian Ruiz, Yamal, Alex Gottschalk, Federico Chiesa, Giovanni Di Lorenzo, Calafiori, Rey Manaj, David Inderlied, —, palmed Pedri’s, didn’t, James Horncastle Pedri, Italy’s, Pedri, Luciano Spalletti’s, Bryan Cristante, Nicolo Barella, Mark Carey Nico Williams dazzles Williams, Di Lorenzo, Edith Geuppert –, Spalletti’s, Marc Cucurella, Dermot Corrigan Spain’s, who’s, Lamine Yamal, Riccardo Calafiori 😬, Ruiz, aly Organizations: ”, Athletic Bilbao, Croatia, De, Italy, Images, Albania, Getty, Paris Saint, League, Barcelona, Athletic, Spain, Premier League Locations: Spain, Italy, Gelsenkirchen …, Gelsenkirchen, Paris, Barella, Spain’s, Calafiori, ain

☆ Jeff Bezos and Bernard Arnault are worth a combined $404 billion — here are the routes they took to achieve mega-wealth
▼ + stars: | 2024-06-17 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +1 min

Jeff Bezos and Bernard Arnault have a combined net worth of around $404 billion. The two business titans are among the world's richest people, Bloomberg's Billionaires Index shows. AdvertisementJeff Bezos and Bernard Arnault are two of the world's richest people, with a combined net worth of around $404 billion. As of Monday, Amazon founder Bezos is ranked first on Bloomberg's Billionaires Index, with a net worth of $206 billion. Arnault, the owner of the luxury goods conglomerate LVMH, is ranked third, with a net worth of $198 billion.

Persons: Jeff Bezos, Bernard Arnault, —, Bezos, Dom Pérignon Organizations: Service, Tiffany, Business

☆ Stocks are in a sweet spot but bears still fear a bubble is near bursting. Here's what 5 forecasters are saying about a potential crash.
▼ + stars: | 2024-06-16 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +6 min

Here's what five forecasters have to say about the latest rally — and why they think the stock market is headed for a fall. In 2009, he wrote a book predicting a stock market crash and ensuing economic depression, which he said could last for 10 years or more. The research firm is predicting the S&P 500 could see a steep correction following a rally to 6,500. Yet, that could end up being an excellent opportunity for investors who are diversified in other areas of the market, Bernstein said. AdvertisementTypically, there are eight warning signs of a market bubble forming, and six of them have already flashed, the bank said.

Persons: Stocks, —, haven't, Harry Dent Stocks, Harry Dent, Dent, John Higgins, Higgins, John Hussman, Hussman, Richard Bernstein, Bernstein Organizations: Service, Nasdaq, Apple, Nvidia, Fox Business Network, Stocks, Capital Economics, John Hussman Elite, UBS

☆ Investors are hoarding cash, a tidal wave of non-tech earnings is quietly rising, and 3 other fascinating takeaways from JPMorgan Asset Management's mid-year outlook
▼ + stars: | 2024-06-15 | by ( James Faris | ) www.businessinsider.com time to read: +2 min

Since then, those technology titans have crushed the rest of the market in earnings growth and returns. By contrast, the other 493 stocks in the S&P 500 saw their earnings fall in 2023. The firm is calling for 17% earnings growth in the fourth quarter, both for stocks in and out of the Magnificent 7. All 11 market sectors will enjoy earnings growth in Q4 for the first time since Q2 of 2021, according to JPMAM's projections. That includes healthcare, energy, and materials, which saw earnings decline earlier this year.

Persons: Tesla, Stocks, Santos, JPMAM Organizations: Asset Management, Apple, Meta, Microsoft, Nvidia

☆ The AI boom is unraveling the most dominant tech trade of the last decade
▼ + stars: | 2024-06-15 | by ( Matthew Fox | ) www.businessinsider.com time to read: +5 min

Software stocks have been slammed this year after a long period of strong performance. Meanwhile, hardware stocks are reaping the benefits of the AI boom as their profits soar. AdvertisementYear-to-date, hardware tech stocks are outperforming software tech stocks by a whopping 30 percentage points. AdvertisementThis dynamic means that hardware stocks will continue to outperform software stocks through 2025, according to Mortonson. "The moats that some of the software companies, not all but some, have around their businesses are not going to be quite as high.

Persons: Ted Mortonson, —, Baird, Mortonson, It's, Larry Tentarelli, Chip, Steve Eisman, Eisman Organizations: Service, Software, NYSE Arca, Dow Jones US Software, Nvidia, AMD, Micro Computer, Broadcom, Dell, Chip Daily, CNBC Locations: Salesforce, Snowflake

☆ Donald Trump is dangling tax cuts and less red tape to win over top CEOs
▼ + stars: | 2024-06-14 | by ( George Glover | ) www.businessinsider.com time to read: +1 min

Donald Trump met with some of America's top CEOs Thursday. The former president pledged to slash taxes and red tape in a bid to win over corporate America. 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 . AdvertisementDonald Trump made his pitch to some of America's top CEOs Thursday, promising to cut taxes and red tape in a bid to win over corporate America.

Persons: Donald Trump, Tim Cook, Jamie Dimon, —, Bank of America's Brian Moynihan, Jane Fraser Organizations: Apple, JPMorgan, Service, America, Wall Street titans, Bank of America's, Citigroup, Business Locations: America, Washington ,

☆ Tesla stock soars after Elon Musk says his pay package is likely to be approved and BlackRock and Vanguard reportedly vote in favor
▼ + stars: | 2024-06-13 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

Tesla stock surged 7% after Elon Musk's pay package neared approval. Elon Musk's compensation package is worth $46 billion based on Tesla's current stock price. Dealbook reported that Vanguard and BlackRock voted in favor of Musk's package. Wedbush analyst Dan Ives said the apparent shareholder approval of Musk's compensation package should remove an overhang on Tesla's stock price. Ives Rates Tesla stock at "Outperform" with a $275 price target, representing potential upside of 45% from current levels.

Persons: Elon Musk's, Elon, Dealbook, —, Musk, Deleware, Dan Ives, Ives Organizations: Elon, Vanguard, BlackRock, Service, Tesla, New York Times, titans, Ives Locations: Texas, Delaware

The firm upgraded the ingredients maker to buy from neutral but lowered its price target to $48 per share from $50. "Though these items might not help earnings until 2025, we believe visibility surrounding them could improve in coming months and send the share price higher," he added. Lovallo has a $198 price target for Lennar, reflecting 30.1% in upside. Analyst Raimo Lenschow upgraded the marketing automation stock to overweight from equal weight and upped his price target by $4 to $29. Singlehurst raised her price target to $58 from $54.20, but the new forecast implies nearly 2% downside from Tuesday's close.

Persons: Goldman Sachs, Thomas Palmer, — Brian Evans, Edward Jones, Logan Purk, — Jesse Pound, John Lovallo, Lovallo, — Alex Harring, Oppenheimer, Colin Rusch, Rusch, Alex Bradley, Alex Harring, Raimo Lenschow, Lenschow, Wells, Steven Cahall, Wedbush, Michael Pachter, Pachter, Keith Gill, Piper Sandler, Valvoline Piper Sandler, Peter Keith, Keith, VVV's algo, hasn't, Will Gaertner, Gaertner, Morgan Stanley, Mark Murphy, Keith Weiss, Brent Bracelin, Louise Singlehurst, Singlehurst, Fred Imbert Organizations: CNBC, Analysts, Citi, Diamond Green Diesel, AMD, Devices, Nvidia, UBS, Lennar, KB, Barclays, Wells Fargo, Paramount, GameStop, Products, LSEG, Google, AI, JPMorgan, Oracle Locations: California, Tuesday's, VVV, reaccelerate, ORCL

☆ Insider Today: Asia's superpower clash
▼ + stars: | 2024-06-09 | by ( Matt Turner | ) www.businessinsider.com time to read: +5 min

The latest to get in on the act: Tesla, which is selling a $450 bottle of mezcal on its website. The election result was a blow to Modi, who has governed India for a decade with an increasingly firm grip. India watchers expect the country's new government to move slower on some issues following the surprise election result. NvidiaGoing up against Nvidia is generally considered a pretty bad idea for startups in Silicon Valley. But Silicon Valley often thrives when true technologists keep hacking away at something they believe in, even if everyone else thinks it's dumb.

Persons: —, Narendra Modi, SAJJAD HUSSAIN, Modi, He'll, Jamie Dimon, Dominic Bugatto, Alyssa Powell, hawking, Goldman Sachs, Goldman, HWA CHENG, Chelsea Jia Organizations: Service, Business, Bharatiya Janata Party's, Bharatiya Janata Party, titans, UN Security Council, Southern, Southern District of, Goldman, BI, HWA, Getty Images, Nvidia Locations: India, New Delhi, China, Southern District, Southern District of Texas, Salt Lake City, Nashville, Atlanta, AFP, Silicon Valley

☆ This chip stock just won a big Google contract and is carving out its niche in AI
▼ + stars: | 2024-06-06 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

This likely winner of a big chip contract from Google could see shares rally another 20% from here, according to JPMorgan. Sur also noted that this is the seventh iteration of AI processor chips the company would make for Alphabet. Broadcom shares have rallied 25% this year, with Sur's $1,700 target implying 20% upside from Wednesday's close. Sur said Broadcom is the second biggest AI semiconductor supplier after Nvidia and the market share leader in cutting-edge customer chip design. Combined, these projects could yield $11 billion to $12 billion in AI revenue in 2024 and $14 billion to $15 billion in revenue next year.

Persons: Harlan Sur, Sur Organizations: Google, JPMorgan, Broadcom, Microsoft, Apple, Nvidia, Sur, Meta

☆ Here are Thursday's biggest analyst calls: Apple, Nvidia, Tesla, Netflix, Alphabet, United, JPMorgan, Carvana, Broadcom & more
▼ + stars: | 2024-06-06 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Goldman Sachs reiterates Nvidia as buy Goldman said it's sticking with its buy rating on the stock. JPMorgan upgrades StoneCo to overweight from neutral JPMorgan said in its upgrade of the fintech solutions company that it has "appealing" potential for earnings growth. Morgan Stanley reiterates JPMorgan as overweight Morgan Stanley said it's even more bullish on the stock after a meeting with company management. " JPMorgan reiterates Alphabet as overweight JPMorgan said the company is on the "offensive in Gen AI." JPMorgan reiterates Broadcom as overweight The firm said it's sticking with its overweight rating on shares of Broadcom.

Persons: Morgan Stanley, Tesla, Oppenheimer, DA Davidson, Davidson, Goldman Sachs, Goldman, Bernstein, FANG, Redburn, it's bullish, osteogenesis, it's, Robinson, JPMorgan, Disney, Evercore, Moffett, Carvana Organizations: Walmart, Apple, company's, Conference, Nvidia, Energy, Midland shaleco, Endeavor Energy Resources, Airlines, United, Citi, eBay, JPMorgan, BMO, UBS, Mizuho, SEE, P Containers, Deutsche Bank, Deutsche, Google, Jefferies, DFS, Disney, Netflix, CTV, Broadcom Locations: China, Midland, Rocklin

☆ People are exiting the stock market in droves
▼ + stars: | 2024-06-05 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

The US stock market is shrinking, and investors are pulling their money out at a near-record pace as storm clouds gather over the US economy. A shrinking market: The stock market isn’t the economy (for the most part). Fear is currently driving the US market, according to CNN’s Fear and Greed Index. “We really need to consider: Is this the outcome we want?”CEOs are making almost 200 times what workers areCEOs raked in fat pay packages last year as the US stock market boomed, reports my colleague Matt Egan. Economists were expecting job openings to register 8.36 million, according to FactSet estimates.

Persons: ”, Morgan Stanley, Lisa Shatlett, We’ve, Torsten Slok, Jamie Dimon, Dimon, “, Matt Egan, Bosses, Alicia Wallace Organizations: CNN Business, Bell, New York CNN, titans, Bank of America, Morgan Stanley Wealth Management, Federal, Dow, Apollo Global Management, Privately, JPMorgan, Associated Press, Workers, Bureau of Labor Statistics ’, Labor, Federal Reserve Locations: New York, Nantucket, That’s

☆ Extinct ‘thunder bird’ from Australia was a giant goose, skull reveals
▼ + stars: | 2024-06-03 | by ( Mindy Weisberger | ) edition.cnn.com time to read: +8 min

CNN —For more than a century, scientists have been unsuccessfully hunting for skull fossils for the thunder bird species Genyornis newtoni. Now, the discovery of a complete G. newtoni skull has resolved this longstanding mystery, giving scientists their first face-to-face encounter with the massive mihirung. Pictured here is the skull of G. newtoni, which is helping resolve a long-standing mystery about the giant bird's face. The illustration also highlights how G. newtoni stacks up sizewise to its closest relative, Anhima cornuta (nearest to G. newtoni) and the cassowary (not related). From there, he constructed a scaffold that was consistent across multiple skull fossils.

Persons: newtoni, Larry Witmer, ” Witmer, “ It’s, ”, Witmer, Phoebe McInerney, ” McInerney, “ Genyornis, Genyornis, dromornithids, Anhima, Jacob Blokland, ” Blokland, Blokland, McInerney, Blockland, ” Mindy Weisberger Organizations: CNN, Flinders University G, Ohio University, “, Flinders University, Flinders Palaeontology, Flinders University Big, Scientific Locations: Australia, Australia’s, it’s, South Australia, South America, “

☆ A juggernaut of the stock market's growth has hit a wall — buy these stocks instead
▼ + stars: | 2024-06-02 | by ( Jim Cramer | ) www.cnbc.com time to read: +12 min

How much do we pay for an enterprise software business that may have hit the wall, suddenly slowing down to sales growth in the high single digits from growth in the double digits? But Salesforce is the most glaring of the enterprise software behemoths, which include ServiceNow , Adobe , Workday , SAP , Intuit , and fallen star MongoDB . Or to put it another way, Salesforce needs its clients to hire more people to increase sales growth. SaaS is another form of enterprise software, is another form of applications software, is another form of kryptonite. Of course, there will be enterprise software companies that defy the slowdown.

Persons: Marc Benioff, Dow Jones, Salesforce, Ullal, Jensen Huang, that's, Thoma, —, Elon Musk's, Wells, It's, Charlie Scharf, Goldman Sachs, Dan Schulman, Bill Ready, Stanley Black, Decker, Jim Cramer's, Jim Cramer, Jim, Marlena Sloss Organizations: Oracle, Dow, Adobe, SAP, Intuit, Mad, Arista Networks, Microsoft, Nvidia, Arm Holdings, Thoma Bravo, Taiwan Semiconductor, Indy, Federal, Paypal, Fed, Jim Cramer's Charitable, CNBC, Bloomberg, Getty Locations: Norfolk Southern, Wells Fargo, Wells, Dover, Informatica

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