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☆ The fall of Gucci was inevitable
▼ + stars: | 2024-05-03 | by ( Madeline Berg | ) www.businessinsider.com time to read: +13 min

"We got used to hearing about double-digit growth at Gucci," Fflur Roberts, the head of luxury goods at Euromonitor, told Business Insider. "I think of what a fashion editor is wearing — it's not Gucci," Lindsey Solomon, a fashion publicist, told BI. After taking the top spot on the Lyst Index of fashion's hottest brands in 2022, Gucci dropped to number 11 last quarter. "We still believe the Gucci brand's current growth rate, which is 10 times higher than that of the industry, represents a risk going forward," Morningstar's Sokolova wrote in a 2017 note. Gucci relied heavily on China for its growth, but stores — perhaps including this one in China's Hainan Province — have struggled recently.

Persons: Alessandro Michele's, loafers, Gigi Hadid, Sienna Miller, Steve Madden, ASOS, Sally Singer, Michele, Fflur Roberts, Alessandro Michele, Harry Styles, Billie Eilish, Jared Leto, Kevin Mazur, Bauer, Griffin, Jeff Kravitz, Gucci, Sabato De Sarno, Lindsey Solomon, De Sarno, François, Henri Pinault, China —, Jelena Sokolova, Solomon, Daniele Venturelli, Michele —, Sokolova, It's, Thomas Chauvet, Morningstar's Sokolova, Michele's Gucci, wasn't, Jeremy Moeller, Chauvet, Roberts, Chanel, Gucci's, Gucci hadn't, Hermès, Birkin, Louis Vuitton's Neverfull, Pinault, Louis, Euromonitor's Roberts Organizations: Creative, Gucci, The Recording Academy, Axelle, Morningstar, BI, Citi, Disney, Getty, Revenue, China News Service, Bain, Louis Vuitton Locations: Euromonitor, China, The Asia, Pacific, China's Hainan Province, Asia

☆ Don't worry, Dua Lipa fans: 'Radical Optimism' isn't a flop — it's primed for slow-burn success
▼ + stars: | 2024-05-03 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +7 min

Dua Lipa released her third studio album, "Radical Optimism," on Friday. With its Euro-pop vibe, 11-track structure, and dance-forward conceit, "Radical Optimism" does recall its predecessor, but that's hardly a bad thing. Compare that to the trio of "Radical Optimism" singles: "Houdini," "Training Season," and "Illusion," all of which have the makings of a smash. "Radical Optimism" is primed for the same kind of slow-burn success, especially given its familiar shimmer of pop genius. Final Grade: 8.6/10Dua Lipa's "Radical Optimism" was released on May 3, 2024.

Persons: Lipa, Maria, —, who's bristled, who'd, I've, I'd, Kevin Parker, Danny L Harle, Caroline Polachek's, Parker, Houdini, they've Organizations: Service, Lipa, Warner Records, Press Locations: Lipa, singledom, untethered

☆ Here's where the jobs are for April 2024 — in one chart
▼ + stars: | 2024-05-03 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

The U.S. economy added 175,000 jobs overall , well below Wall Street expectations. Job growth stumbled in April, with a few previous areas of strength showing meager job additions or even losses. The slower job growth could be good news on the inflation front but will raise concerns about a broader economic slowdown. The overall picture is one of a steady labor market with disinflationary growth," Pollak continued. Job growth in transportation and warehousing also accelerated month-over-month with a gain of 21,800.

Persons: Julia Pollak, Pollak Locations: U.S

The protesters occupying Hamilton Hall on the campus of Columbia University seemed ready to stay a while. They had a microwave, an electric teakettle and sleeping bags, images distributed by the police show. In another classroom, they made a chart for security duties in two-hour shifts, and listed three Maoist revolutionary slogans as inspiration, according to the police videos. For two weeks, Columbia’s campus had been the focal point of a growing crisis on college campuses around the country. Pro-Palestinian demonstrators set up tent encampments, held rallies and otherwise attempted to disrupt academic activities in an attempt to force universities to meet several demands.

Organizations: Columbia University, Palestine Locations: Hamilton

☆ Cramer's Lightning Round: General Motors is a buy
▼ + stars: | 2024-05-02 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon OneMain's year-to-date stock performance. Stock Chart Icon Stock chart icon SoundHound's year-to-date stock performance. Stock Chart Icon Stock chart icon Cracker Barrel's year-to-date stock performance. Stock Chart Icon Stock chart icon General Motors' year-to-date stock performance. Stock Chart Icon Stock chart icon NextEra Energy's year-to-date stock performance.

Persons: It's, it's, we'll, Motors, NextEra Organizations: General Motors, Financial, Heartland Financial, NextEra

☆ CNBC's Inside India newsletter: Will AI make or break India?
▼ + stars: | 2024-05-02 | by ( Ganesh Rao | ) www.cnbc.com time to read: +9 min

But one that could foreshadow India's growth story. Can Teleperformance's stock plunge be the canary in the coal mine for what is likely to happen to India because of AI? But it's likely to be a blip for India's growth trajectory, given the macro forces at play. Besides creating jobs that are less likely to be immediately disrupted by AI, India could also be a net beneficiary of artificial intelligence. The Indian stock market indexes, Sensex and Nifty 50 , are heading for a positive week again — up by 1% and 1.2%, respectively.

Persons: Findlay Kember, Klarna, ChatGPT, K Krithivasan, Krithivasan, Narendra Modi, It's, Shilan Shah, Goldman Sachs, Vinay Dwivedi, Ashok Gulati, Nomura, League Pickleball, Karine Jean, Pierre, Jerome Powell, Raghuram Rajan, Ashish Jain, CNBC's Ayushi Jindal Organizations: AFP, Getty, India's Tata Consultancy Services, Financial Times, TCS, World Bank, International Monetary Fund, University of Oxford, Capital Economics, Investment, Nomura, Qualcomm, Powerchip Semiconductor Manufacturing, UPI, India, Commission, Agricultural, United Pickleball Association, Global Sports, PPA, League, Washington Post, White, U.S ., Federal, CNBC, Reserve Bank of India, University of Chicago Booth School of Business Locations: Swedish, Paris, India, Chennai, U.S, Europe, China, Singapore, South Korea, Canada, United States

☆ Duane Eddy: Groundbreaking American guitarist dies age 86
▼ + stars: | 2024-05-02 | by ( Jack Guy | ) edition.cnn.com time to read: +3 min

CNN —Guitarist Duane Eddy, best known for twangy riffs on hits such as “Rebel Rouser” and “Cannonball,” has died at the age of 86, it has been reported. “Duane inspired a generation of guitarists the world over with his unmistakeable signature ‘Twang’ sound. Duane Eddy was one of my most important influences. “We are deeply saddened to hear of the passing of Duane Eddy. As a legendary guitarist, he inspired generations with his pioneering twangy sound and musical innovations,” reads the post.

Persons: Duane Eddy, ”, Eddy, “ Duane, “ Peter Gunn ”, They’re Young, Terry Wyatt, “ Forrest Gump ”, Kyle Young, don’t, Duane, Young, George Harrison, Steve Earle, Bruce Springsteen, Marty Stuart, ” Eddy, Mark Humphrey, Dave Davies, “ Organizations: CNN, Variety, Hall of Fame, Musicians Hall of Fame, Central Press, Hulton, Country Music Hall of Fame, Ventures, US, Gretsch Locations: Corning , New York, Nashville , Tennessee

☆ U.S. crude oil bounces after hitting seven-week low on surging U.S. inventories
▼ + stars: | 2024-05-02 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

An oil pumpjack is pictured in the Permian basin, Loco Hills regions, New Mexico, U.S., April 6, 2023. Liz Hampton | ReutersU.S. crude oil edged higher on Thursday after selling off to a seven-week low on a surge in petroleum inventories on softening demand. Here are today's energy prices: West Texas IntermediateBrentRBOB Gasoline June: $2.59 a gallon, up 0.57%. Natural Gas Oil prices tumbled more than 3% on Wednesday after U.S. commercial crude inventories, which exclude the strategic petroleum reserves, surged by 7.3 million barrels to 461 million barrels total last week. The rate at which refiners process crude and the average demand for gasoline is lower than the year-ago period despite summer driving season rapidly approaching.

Persons: Liz Hampton, Brent Those, Bob Yawger, Tamas Varga Organizations: Reuters, West Texas Intermediate Brent, Natural Gas, Mizuho Americas, Federal Reserve Locations: Loco Hills, New Mexico, U.S

☆ A tip from the charting pros for navigating this difficult market
▼ + stars: | 2024-05-01 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +3 min

Currently, the S & P 500 just endured four 1% declines in a month for the first time since last October (5). The index's 20-day moving average has undercut the 50-day moving average for the first time since November, and there's a noticeable potential three-month topping pattern in play, as well. The 20-day moving average just crossed above the 50-day moving average, and both lines have started to curl higher. To drive this point home further, the upside-down version of the current S & P 500 looks a lot like… the S & P 500 (right-side-up) from last fall, as the index was coming back from the August-October correction. Here's a picture of the biggest bullish pattern from 2023, which was triggered soon after the 20-day moving average crossed over the 50-day moving average.

Persons: permabears, permabulls, it's, Frank Cappelleri

☆ S&P 500 forming a troubling 'bear flag' pattern, Wolfe Research says
▼ + stars: | 2024-05-01 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

Technical analyst Rob Ginsberg said in a note to clients late Tuesday that the recent bounces for the S & P 500 and the Nasdaq-100 look suspiciously like "bear flags," an ominous chart pattern. "Equities ended the month on a sour note, as last week's dead cat bounces stalled out beneath resistance. A "bear flag" is a technical pattern that sometimes develops during short-term bounces in a broader market decline. Last week, the S & P 500 rose 2.7%, its best weekly performance since November. Ginsberg said in the note that he sees potential downside to the 4,800 level on the S & P 500, which would equal a further decline of about 4.5%.

Persons: Rob Ginsberg, doesn't, Ginsberg Organizations: Wolfe Research, Nasdaq

☆ Cramer's Lighting Round: Dell is a buy
▼ + stars: | 2024-05-01 | by ( Julie Coleman | ) www.cnbc.com time to read: 1 min

Stock Chart Icon Stock chart icon Matterport's year-to-date stock performance. Stock Chart Icon Stock chart icon Nextracker's year-to-date stock performance. Stock Chart Icon Stock chart icon Dell's year-to-date stock performance. Stock Chart Icon Stock chart icon Okta's year-to-date stock performance. Stock Chart Icon Stock chart icon Ford's year-to-date stock performance.

Persons: You've Organizations: Dell Locations: Ford

☆ Bitcoin nosedives below $57,000 to two-month low ahead of U.S. Fed decision
▼ + stars: | 2024-05-01 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

The logo of the cryptocurrency Bitcoin (BTC) can be seen on a coin standing in front of a Bitcoin chart. Bitcoin on Wednesday plunged sharply to its lowest level in over two months amid broader risk-off sentiment in markets, as investors kept an eye on the U.S. Federal Reserve's upcoming interest rate decision. Crypto market participants are eyeing the upcoming interest rate decision from the U.S. Federal Reserve. The Federal Open Market Committee is due to meet on Wednesday afternoon to discuss its latest policy on interest rates. Markets have become more shaky lately, as investors fret over the prospect of a longer path toward interest rate cuts.

Persons: Bitcoin, Jerome Powell, Geoff Kendrick, Kendrick, Changpeng Zhao Organizations: U.S, U.S . Federal, U.S . Federal Reserve Locations: U.S ., CoinGecko, solana, U.S, Hong Kong

☆ Joseph Stiglitz on why America's appetite for Trump endures
▼ + stars: | 2024-05-01 | by ( William Edwards | ) www.businessinsider.com time to read: +12 min

If Trump is elected again, Stiglitz said, he could well pull support for Ukraine, sending grain prices soaring. For Stiglitz, the 2001 winner of the Nobel Prize in economics, America's appetite for Trump can be traced back a little more than four decades ago to the election of Ronald Reagan. "We've had 40 years of a neoliberal experiment: Strip away the regulations and lower the taxes — taxes are much lower than they used to be. But Komlos and Stiglitz don't place blame solely on Reagan for the growing economic inequality. Every European country that's had a wealth tax has walked away from it, by and large."

Persons: Donald Trump, Joseph Stiglitz, Trump, Stiglitz, Joe Biden, Ronald Reagan, —, that's, Reagan, We've, Dina Litovsky, Friedrich Hayek, Milton Friedman, That's, Stiglitz doesn't, John Komlos, Komlos, Joe, Bill Clinton, Clinton, Barack Obama, insurrectionists, Desmond Lachman, Carter, Douglas Holtz, Eakin, George W, John McCain's, Holtz, America Stiglitz, Hayek, Friedman, Claudia Sahm, you've, what's Organizations: Columbia Business School, Business, Capitol, Biden, Trump, :, Good Society, America's, Federal Reserve, Budget, Bank, University of Munich, Duke University, University of North, Democratic, North American Free Trade, World Trade Organization, American Enterprise Institute, Bush's, Economic Advisers Locations: Manhattan, Ukraine, Russia, China, Beijing, Taiwan, University of North Carolina, Spain, America

☆ Chart of the Day: AMD
▼ + stars: | 2024-05-01 | 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 EmailChart of the Day: AMDAMD is tumbling along with some other AI chip names. The Investment Committee debates the chip stocks.

Organizations: AMD

☆ Who's winning the Drake vs. Kendrick Lamar showdown? Here's what critics are saying
▼ + stars: | 2024-05-01 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +9 min

Read previewDrake and Kendrick Lamar were once considered collaborators, perhaps even friends. Over the years, however, Drake and Lamar came to represent very different versions of hip-hop greatness: the former is a commercial juggernaut, racking up No. Today, their separation is more apparent than ever: Drake and Lamar have become all-out foes. AdvertisementIn the former, Drake mocks Lamar's height with a reference to his latest Grammy-winning album, "Mr. Morale & the Big Steppers." "I hate the way that you walk, the way that you talk, I hate the way that you dress."

Persons: —, Drake, Kendrick Lamar, Lamar, who's, it's, Lamar's, Cole's, Aubrey, Cole, Aubrey Graham, Taylor, Tupac Shakur, Angel Diaz, Sowmya Krishnamurthy, Krishnamurthy, Alphonse Pierre, Pierre, Pusha, Drake teardowns, DMX, Hunter Harris, Lamar's catty, Zoe Guy, Guy, Andre Gee, Lamar didn't, Gee, Kendrick doesn't, DJ Marseel, Shamira Ibrahim, I'm, Kendrick, bec, Tay Organizations: Service, Beatles, Business, Metro, Morale, objectifying, Billboard, Pitchfork, Stone Locations: Lamar

☆ My daughter was born with profound hearing loss in one ear. We decided not to go through with a cochlear implant.
▼ + stars: | 2024-04-30 | by ( Alexis Vogelzang | ) www.businessinsider.com time to read: +5 min

When my daughter was 3 months old we found out she had significant hearing loss in one ear. We chose not to go through with a cochlear implant because there were no guarantees. Our world shifted when we received the diagnosis that our 3-month-old daughter had significant hearing loss in her right ear. Related storiesThere was no guarantee that the cochlear implant would restore our daughter's hearing to normal levels. AdvertisementOther individuals who received cochlear implants as children reported hearing loss in their better ear following the surgery.

Persons: —, Chase Organizations: Service, Food and Drug

☆ An options trade that wins if stocks continue to struggle into May
▼ + stars: | 2024-04-30 | by ( Nishant Pant | ) www.cnbc.com time to read: +3 min

Note that the last time, the 10-day moving average crossed above the 21-day moving average was back in late October/early November when the markets were just beginning a new bull run. Based on this thesis I want to make a bearish bet on DIA using a trade structure called a bear put spread. The Trade: DIA is a highly liquid ETF and if you look at its option chain, you will notice that it offers $1 wide strikes. DIA YTD mountain SPDR Dow Jones Industrial Average ETF Trust YTD Amazon and Apple report earnings this week. These are all significant market moving events and so a solid risk management plan needs to be in place for any trades taken this week.

Persons: Dow Jones Organizations: Dow, Dow Jones, Trade, DIA, Apple

☆ Oil prices edge higher as Netanyahu says Israel will attack Rafah with or without hostage deal
▼ + stars: | 2024-04-30 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Israeli Prime Minister Benjamin Netanyahu addresses the Conference of Presidents of Major American Jewish Organizations, amid the ongoing conflict between Israel and the Palestinian Islamist group Hamas, in Jerusalem, February 18, 2024. Ronen Zvulun | ReutersCrude oil futures moved slightly higher Tuesday after Israel Prime Minister Benjamin Netanyahu dismissed hopes that a proposed hostage deal would prevent an attack on the southern Gaza city of Rafah. Here are today's energy prices: West Texas IntermediateBrentRBOB GasolineNatural Gas The U.S. is pushing for a cease-fire to head off an Israeli offensive against Rafah. But Netanyahu threatened to move against Rafah regardless of whether a hostage deal is reached. "We will enter Rafah and we will eliminate the Hamas battalions there – with or without a deal, in order to achieve the total victory."

Persons: Benjamin Netanyahu, Ronen Zvulun, Netanyahu, Brent Organizations: Major, Jewish, Hamas, Reuters, Israel, West Texas Intermediate Brent, Gas, Rafah Locations: Israel, Palestinian, Jerusalem, Gaza, Rafah, Washington

☆ Elon Musk says Taylor Swift's 'The Tortured Poets Department' is 'very impressive'
▼ + stars: | 2024-04-30 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Taylor Swift is topping the charts with "The Tortured Poets Department." AdvertisementTaylor Swift has been turning heads with the chart-topping success of her latest album, "The Tortured Poets Department" — and she can count Elon Musk as a fan of the new tracks. Musk said of Swift's album in an X post on Monday. — Elon Musk (@elonmusk) April 29, 2024This post isn't the first time Musk has weighed in on Swift's success. I speak from experience lol," Musk told Swift in an X post.

Persons: Taylor Swift, Elon Musk, —, Swift, Swift didn't, Elon, Musk Organizations: Poets Department, Service, Department, Billboard, BI Locations: Paris

☆ Bitcoin's bull run may be over and the next move could see it drop nearly 50%, says a market vet who predicted the token's 2018 crash
▼ + stars: | 2024-04-30 | by ( Yuheng Zhan | ) www.businessinsider.com time to read: +3 min

Bitcoin may have peaked for this cycle, and what awaits investors could be a steep fall in the token's value. That's from Peter Brandt, a veteran chart analyst who forecast bitcoin's price plunge in 2018. He notes that the gain in each bitcoin bull cycle from 2009 to 2021 has declined by 20%. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . "The fact is that the bull market cycles in Bitcoin have lost a tremendous amount of thrust over the years," he said.

Persons: Peter Brandt, —, Bitcoin, Brandt Organizations: Service

☆ Reading the charts on this AI play to find the right price to buy on the dip
▼ + stars: | 2024-04-30 | by ( Todd Gordon | ) www.cnbc.com time to read: +2 min

Is the company re-inventing itself as one of the premier players in the AI server business? But there are headwinds that have the analyst community concerned about a moderate pullback in AI infrastructure spend by corporate management teams. Let's examine the weekly Relative Rotation Graph of 3 key hardware stocks Apple (AAPL), Super Micro Computer (SMCI), and Dell (DELL). Turning to the technical price chart of Dell, we see this chart falling into an triangle consolidation pattern, which according to the Elliott Wave principle has 5 swings of lower-highs and higher-lows. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: Dell, SCMI, Elliott, Todd Gordon Organizations: Dell Technologies, Apple, Micro, Dell, DELL, Inside Edge

☆ Bank of America says buy this dip ahead of a summer market rally
▼ + stars: | 2024-04-30 | by ( Hakyung Kim | ) www.cnbc.com time to read: +1 min

Investors shouldn't get too scared by the recent market pullback, according to Bank of America. The firm believes the recent downside movement is a promising entry point before the market returns to green this summer. April marks the worst month for the S & P 500 since September 2023 as investors' expectations for rate cuts fell on hot economic data. As of Tuesday morning, the S & P 500 was last trading around 5,100. The S & P 500 has tested its 5,000 support level, Suttmeier added.

Persons: Stephen Suttmeier, Suttmeier, — CNBC's Michael Bloom Organizations: Bank of America Locations: upsides

☆ We are hiking our price target on Eaton as demand for AI computing power heats up
▼ + stars: | 2024-04-30 | by ( Zev Fima | ) www.cnbc.com time to read: +14 min

Sales, earnings, segment profit margin, and organic growth all came in ahead of expectations, despite some minor misses in certain operating segments. In addition to the strong headline results, Electrical Americas, its biggest division, realized another record for sales, segment profit, and segment margins — driven partly by data center demand for AI computing power. Electrical Americas achieved yet another record for sales, segment profit, and segment margins with management noting strength in the data center market. Management expects a segment margin of 22.4% to 22.8%, ahead of the 22.4% midpoint estimate. Electrical Americas achieved yet another record for sales, segment profit, and segment margins with management noting strength in the data center market.

Persons: Eaton, Parker, Craig Arnold, Arnold, Jim Cramer's, Jim Cramer, Jim Organizations: Revenue, LSEG, Hannifin, DuPont, Honeywell, Electrical, Management, Aerospace, CNBC, Eaton Corporation, NYSE, NYSE Eaton Locations: North America, Electrical Americas, U.S, Eaton, Americas

☆ Cramer's Lightning Round: Don't sell Trade Desk
▼ + stars: | 2024-04-30 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Trade Desk's year-to-date stock performance. So I will tell you that even though it's a very expensive stock, it is a good stock. Stock Chart Icon Stock chart icon Edwards LifeSciences' year-to-date stock performance. Stock Chart Icon Stock chart icon Delta's year-to-date stock performance. Stock Chart Icon Stock chart icon Freeport-McMoRan's year-to-date stock performance.

Persons: Jeff Green, Edwards LifeSciences, Edwards, it's Organizations: Google Locations: McMoRan's, McMoRan

☆ 10 times Drake has feuded with other rappers, including Kendrick Lamar, Pusha T, and Kanye West
▼ + stars: | 2024-04-30 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +1 min

Kendrick LamarKendrick Lamar and Drake were previously collaborators. Jason Koerner/Getty ImagesAlthough Drake and Kendrick Lamar collaborated multiple times in 2011 and 2012 ("Buried Alive Interlude," "Poetic Justice," "F**kin' Problems"), Lamar distanced himself from the Toronto rapper in 2013. In a guest verse on Big Sean's single "Control," Lamar crowned himself the king of rap and name-dropped several others who can't compete, including Drake. Once "Like That" topped the chart, Cole responded with his own diss track about Lamar, "7 Minute Drill." In response, Lamar dropped "Euphoria," which labels Drake a "master manipulator and habitual liar, too."

Persons: Kendrick Lamar Kendrick Lamar, Drake, Jason Koerner, Kendrick Lamar, Lamar, it's, Cole collab, Aubrey, Cole, Drake didn't, Taylor, Tupac Shakur's Organizations: Toronto, Metro, Lamar

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