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Why failure is your child’s best tool
  + stars: | 2023-08-24 | by ( Faye Chiu | Analysis Michelle Icard | ) edition.cnn.com   time to read: +6 min
Parents and guardians often feel exhilarated by our children’s successes as much as we feel panicked and exhausted by their mistakes. We feel what they feel, and it’s a lot to go through, for them and for us. You need to experience “just the right amount” of setbacks to feel pain, learn from it, repair and become stronger. But there is something you can use to make sure that your child’s setbacks don’t become the headline of their childhood and, instead, become a launchpad for growth. Her latest book, “Eight Setbacks That Can Make a Child a Success,” is available at all major and indie booksellers.
Persons: she’d, Michelle Icard, Danielle Siess, you’ll, , don’t Organizations: CNN
Shares of the fast food giant dipped below their 200-day moving average this week. A moving average consists of a security's average closing price over a specified time. The fast food chain finished Tuesday's session at $280.31, just above its 200-day average of $279.86, but dipped below that mark during the session. Still, he warned that McDonald's shares could be in for swings ahead. MCD YTD mountain McDonald's shares this year The company beat expectations on both lines when reporting earnings last month.
Persons: JC O'Hara, Roth, O'Hara, McDonald's, John Kolovos, Kolovos, Refinitiv, Bernstein, Aneesha Sherman, Sherman, Michael Bloom, Gabriel Cortez Organizations: McDonald's hasn't, Wall Street Locations: McDonald's
Eight candidates will appear onstage for the first Republican debate on Wednesday. Many far more politically experienced contenders have met their end under the bright lights of the debate stage. How Republican voters respond will offer some early clues into the ideological future of the party, particularly in a post-Trump era. He participated in eight face-offs during the 2016 campaign and helped coach Mr. Trump for his presidential debates in 2020. The debate offers Mr. Christie an opportunity to take aim at those aligned with Trumpism, even if they are opposed to Mr. Trump.
Persons: Donald J, Trump, Mitt Romney, gantlet, , Newt Gingrich, “ Donald Trump, , Tucker Carlson, Ron DeSantis, Jordan Gale, Donald Trump, ” Mr, DeSantis, Trump’s, parry, Vivek Ramaswamy, Chris Christie, Pence, Mike Pence’s, AJ Mast, Mike Pence, Ramaswamy, Vivek Ramaswamy’s, MAGA, Victoria Coates, Roe, Wade, Tim Scott of, Christie, Scott, Nikki Haley, Will Christie, David Degner, Coke, New Coke, “ Ron DeSantis, Tim Scott, Haley, Doug Burgum, Maddie McGarvey, Burgum, Asa Hutchinson, “ We’re Organizations: Republican, Trump, Fox News, Fair, The New York Times, Wednesday, Fox News Radio, PAC, Ukraine, Harvard, Russia, Democratic, Republicans, United Nations, Mr, Credit, The New York, Gov Locations: Atlanta, Florida, Ukraine, Tim Scott of South Carolina, New Jersey, New Hampshire, South Carolina, U.N, Iowa, North Dakota, Arkansas
Yet even the most viral moment could quickly be swept away in a wave of Trump-driven news. How they make their case could make the 2024 primary a contest and not a coronation. Here are nine things that are likely to define the debate. While the candidates have been asked about those issues frequently, a debate allows for follow-up questions — heightening the possibly of a misstep. He has announced plans to try to upstage the debate with the release of a recorded online interview with the former Fox News host Tucker Carlson.
Persons: , Newt Gingrich, “ Donald Trump, Trump, , Tucker Carlson Organizations: Republican, Trump, Fox News Locations: Atlanta
Options Action: Traders betting on a bounce in bonds
  + stars: | 2023-08-23 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOptions Action: Traders betting on a bounce in bondsKevin Kelly, Kelly Intelligence CEO, joins the Options Action traders to talk the bond market.
Persons: Kevin Kelly Organizations: Kelly Intelligence
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStabilization in bond market yields required for sustained equity bounce: Crossmark's FernandezVictoria Fernandez, Crossmark Global Investments chief investment strategist, joins 'Squawk on the Street' to discuss where the strategists expects to see stabilization in the bond market, if the rate cut conversation will be on the table Friday, and sectors Fernandez favors.
Persons: Crossmark's Fernandez Victoria Fernandez, Fernandez Organizations: Crossmark Global Investments
CNN —US Commerce Secretary Gina Raimondo will visit China next week at a critical time for the world’s second-largest economy — and for the Biden administration’s relationship with the country and its leaders. “Secretary Raimondo looks forward to constructive discussions on issues relating to the US-China commercial relationship, challenges faced by US businesses, and areas for potential cooperation,” the Commerce Department said Tuesday in its announcement. Maintaining a dialogue while ramping up competitionIn previous visits, other Biden administration officials aimed to reopen lines of communication and ease tensions that have risen between the two countries in recent years. The Biden administration has said it wants to maintain dialogue with China to prevent competition from turning into conflict. Raimondo’s visit also comes on the heels of the revelation that Chinese-based hackers infiltrated the Commerce Secretary’s emails.
Persons: Gina Raimondo, Biden, Xi, hasn’t, Antony Blinken, Janet Yellen, John Kerry, Joe Biden, , Raimondo, She’ll, Trump, Mintz, Raimondo’s, , Laura Organizations: CNN, US, Biden, Commerce Department, Treasury Department, US Trade Representative, Raimondo’s Commerce, White, China, Mintz Group, Commerce Locations: China, Hong, Beijing, Shanghai, American
Morning Bid: World markets bounce at last
  + stars: | 2023-08-22 | by ( ) www.reuters.com   time to read: +4 min
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2023. The onshore yuan steadied amid supportive action by China's state banks in the swaps market, and Chinese stocks (.CSI300) perked up from the year's lows. Overall, MSCI's all-country index (.MIWD00000PUS) was on course on Tuesday for its first back-to-back daily gains of August so far. There were background concerns about the impact on U.S. banks of this latest hit to bond prices and borrowing rates. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Persons: Brendan McDermid, Mike Dolan, Xi Jinping, MSCI's, Jackson, Jerome Powell's, Moody's, Thomas Barkin, Austan Goolsbee, Michelle Bowman, Cyril Ramaphosa, Christina Fincher Organizations: New York Stock Exchange, REUTERS, Treasury, Federal Reserve, Nasdaq, P, Activision, Ubisoft Entertainment, Microsoft, Richmond Fed, Philadelphia Fed, Richmond Federal, Chicago Fed, China's, Reuters Graphics, Thomson, Reuters Locations: New York City, U.S, Wyoming, Jackson, China, South Africa, Asia, Johannesburg, Pretoria
The GOP front-runner is expected to surrender, potentially for fingerprinting and a mug shot, on Thursday or Friday, a senior law enforcement source told CNN. His legal quagmire is likely to yet again dominate the GOP race, drowning out rivals who have so far largely failed to exploit Trump’s four indictments. It’s a tactic that appears to be working among GOP primary voters given his wide polling lead thus far. Ron DeSantis – announced that, as expected, he’d skip the debate in Milwaukee. Asa Hutchinson, said on CNN’s “State of the Union” on Sunday that Trump’s legal troubles will force every Republican on the debate stage to show their hand.
Persons: Donald Trump, , That’ll, Trump, he’s, quagmire, Joseph Stalin, Mao Zedong, Joe Biden’s, Fani Willis, Biden, Ron DeSantis –, ” Trump, , Chris Christie, Asa Hutchinson, , “ Donald Trump, ” Hutchinson, Kasie Hunt, Christie, Hutchinson, Tucker Carlson, Larry Hogan Organizations: CNN, GOP, Trump, Post, Republican, CBS News, Florida Gov, Truth, New, New Jersey Gov, CBS, Arkansas Gov, Fox, Maryland Gov Locations: Atlanta, Georgia, Fulton County, Milwaukee, Fulton, Florida, Manhattan, Wisconsin, New Jersey, Arkansas, “ State
Its debut will be a big deal for an IPO market that's been in the doldrums since 2022, but the company's listing has big implications for SoftBank as well. SoftBank agreed to acquire Arm in 2016 for $32 billion, which at the time was the biggest-ever purchase of a European technology company. The unit also swung to a 9.5 billion yen loss, having made a profit of 29.8 billion yen in the same period a year earlier. SoftBank said its Vision Fund booked an investment gain of 159.8 billion yen, its first gain in five consecutive quarters. In July, the company led a $65 million investment in U.K. insurance technology company Tractable.
Persons: Son, Tomohiro Ohsumi, SoftBank, It's, Rene Haas, Haas, Nvidia SoftBank, Arm, Grace Hopper, Didi, Uber, Yoshimitsu Goto, Leswing Organizations: SoftBank Group Corp, ARM Holdings, Bloomberg, Getty, Apple, reining, Acorn Computers, Acorn, Machines, VLSI Technology, CNBC, ARM, Nvidia, Vision, Investors, AMD, Vision Fund Locations: Tokyo, Cambridge, England, Switzerland, European, Europe, U.S, London, New York
The August sell-off has stocks testing some key technical levels, spurring investors to watch where equities will go next. Now, investors are watching to see where the S & P 500 goes next. .SPX 1Y mountain S & P 500 1-year The strategist said this threshold is a key support as it's a convergence of several trends in the market. The S & P 500 fell to roughly 3,800 in March before resuming its march upward. A combination of technical factors imply that the S & P may test the 4,200 level but might not break significantly below that."
Persons: Sam Stovall, Stovall, BTIG's Jonathan Krinsky, Krinsky, Oppenheimer's Ari Wald, Wald, Michael Bloom Organizations: Dow Jones Industrial, Nasdaq Locations: China
CNN —The Yurok Tribe’s annual salmon festival in Klamath, California, is a little different this year. Kids play a traditional Yurok sport known as the "stick game" at the Salmon Festival in Klamath, California. Julian Quinones/CNN“The smell of salmon should be in the air,” said Gerogianna Gensaw, a Yurok member whose husband is a salmon fisherman, and who feeds her kids salmon nearly every day in life. “It feels like having a party, but your favorite person isn’t there.”Salmon are central to the Yurok, whose territory stretches 40 miles or so up the Klamath River from this beautiful, rugged coast. Julian Quinones/CNNBut despite a lack of the sweet smell of cooking salmon at this year’s festival, there is a festive air.
Persons: Julian Quinones, Georgianna, , Gerogianna Gensaw, ” Salmon, Frankie Myers, ney, puey, ’ ”, Brook Thompson, CNN “, escarpments, they’ve, Myers, ” Myers, Oscar Gensaw, Gerogianna, Organizations: CNN, Salmon, Pacific Fishery Management Council, TNT Locations: Klamath , California, Yurok, California, Trinity
Villa hit back with big win over Everton
  + stars: | 2023-08-20 | by ( ) www.reuters.com   time to read: +3 min
BIRMINGHAM, England, Aug 20 (Reuters) - Aston Villa claimed their first three points of the Premier League season as John McGinn, Douglas Luiz, Leon Bailey and Jhon Duran scored to secure an emphatic 4-0 home win over Everton on Sunday. "Last week was tough for us, full respect for Newcastle, they did a job on us," McGinn told Sky Sports. Villa opened the scoring through McGinn, who turned in Bailey's cutback in the 18th minute to put the hosts ahead at Villa Park. The Merseyside club lost another key attacker to injury as Alex Iwobi was taken off with what looked like a hamstring issue, before Bailey scored Villa's third. Everton host Wolverhampton Wanderers on Saturday and Villa travel to Scotland to face Hibernian in the first leg of a Europa Conference League playoff tie on Wednesday.
Persons: Aston, John McGinn, Douglas Luiz, Leon Bailey, Jhon Duran, Unai, McGinn, we've, Villa, Bailey's, Jordan Pickford, Ollie Watkins, Dominic Calvert, Lewin, Emiliano Martinez, Lewis Dobbin, Idrissa Gueye, Alex Iwobi, Bailey, Michael Keane, Duran, Pickford, Ashley Young, Keane, Sean Dyche, Aadi Nair, Ed Osmond Organizations: Aston Villa, Premier League, Everton, Newcastle United, Newcastle, Sky Sports, Villa Park, Villa, Fulham, Merseyside, BBC, Wolverhampton Wanderers, Hibernian, Europa Conference League, Thomson Locations: BIRMINGHAM, England, Bailey's cutback, Villa, Scotland, Bengaluru
We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. In the US, prosecutors are given enormous power to apply the law as they see fit, choosing who to charge and what to charge them with. Evidence of their misdeeds can secure convictions and allow for strict sentences that otherwise couldn’t be imposed. Bill Bramhall/Tribune Content AgencyThe 97-page indictment unveiled by Willis last week cites a lot more evidence than could be arrayed against a sandwich served at lunch. “We are the chief law enforcement officers in each jurisdiction, with the weighty power to deprive others of their freedom,” Aronberg observed.
Persons: CNN — Caesar Enrico “ Rico ” Bandello, Caesar, , Edward G, Robinson, Rico, Rudolph Giuliani, Fani Willis, Willis, Giuliani, Donald Trump, Sol Wachtler, Bill Bramhall, Jennifer Rodgers, , Trump, Ruby Freeman, Shaye Moss, Dave Aronberg, Attorney Alvin Bragg, Aronberg, Jack, Smith, ” Aronberg, Trump Walt Handelsman, James Antle III, ” Antle, ” Trump, Biden, Dean Obeidallah, Clay Jones, Tucker Carlson, Ron DeSantis, Lanhee Chen, Joe Biden, DeSantis, David Axelrod, Axelrod, Vivek Ramaswamy, Rich Lowry, “ Ramaswamy, … ”, Lowry, ” Carrie Sheffield, ” Lisa Benson, GoComics.com, , Julian Zelizer, Jeff Zelevansky, Sandra Bullock, Leigh Anne Tuohy, Jill Filipovic, “ it’s, Michael Oher, Sean, Leigh Anne Tuohy —, … Oher, , Facebook Filipovic, “ Oher, ” Bradley Cooper’s, ’ “, Leonard Bernstein —, Bradley Cooper, ’ —, David M, Perry, Bernstein, Felicia Montealegre, Carey Mulligan, Cooper, ‘ Maestro, , Joel Pett, Agency “, Celia Wexler, Joan Meyer, ” Wexler, Don’t, Ric Ward, Sigrid Fry, Alden Wicker, Jay Michaelson, Al Gore, Lauren Hersh, Rebecca Zipkin, David Andelman, Africa —, Michael Coren, Elsie Robinson, UC Berkeley Elsie Robinson, “ Robinson, Allison Gilbert, ” Gilbert, Organizations: CNN, , New, Appeals, New York Daily News, Department, Electoral, Palm, Manhattan, Attorney, , White House, of Justice, Trump, Agency, GOP, Republicans, Florida Gov, Republican, Fair, Politico, Hawaii, Federal Emergency Management Agency, FEMA, NFL, Oher, Twitter, Netflix, Rican, ” Press, Marion County, Russia, Hearst, San Francisco Examiner, Bancroft Library, UC Berkeley, Google, Smithsonian Locations: Rico, Fulton County, Atlanta, county’s, Georgia, Coffee County, Palm Beach County , Florida, , Milwaukee, Iowa, GoComics.com Maui, Maui, Delaware, Hawaii, Tennessee, Costa, Rican American, Marion, The Kansas, Revere, Africa
Alcaraz to face Djokovic for Cincinnati title
  + stars: | 2023-08-20 | by ( ) www.reuters.com   time to read: +4 min
Hurkacz, who narrowly lost to Alcaraz in the quarters of the Canadian Open, raced out to a 3-0 lead as Alcaraz mixed dazzling shotmaking with some head-scratching errors in the entertaining first set. Hurkacz captured the opener when he broke Alcaraz for a second time and had match point in the second set while returning serve and leading 5-4 but misfired on a forehand. Alcaraz drew Hurkacz to the net with a drop shot and then fired a sensational cross court winner to set up the tiebreak. A perfectly executed volley on his first match point delivered Alcaraz into his eighth final of the year and despite spending more than 10 hours on the court this week, he said he feels fresh. Djokovic, who won the Masters 1000 tournament in 2018 and 2020, has played Alcaraz three times.
Persons: Carlos Alcaraz, Hubert Hurkacz, Albert Cesare, Novak, Max Purcell, Hurkacz, Alcaraz, I'm, DJOKOVIC, ZVEREV, Alexander Zverez, Zverez, Djokovic, Rory Carroll, Deepa Babington, Kim Coghill Organizations: & Southern, Lindner, Tennis Center, Cincinnati, Spanish, England, Canadian, Spaniard, Wimbledon, Thomson Locations: Mason, OH, USA, Spain, Poland, Ohio, Madrid, Los Angeles
Sealed Air has had a rough few weeks, with the stock down nearly 24% since the start of August. But the average price target implies shares could rally more than 31%, offering another reason to believe a bounce is on the horizon. Slightly more than half of analysts rate the stock a buy, with an average price target implying an upside of nearly 14%. Here's the full list: On the other hand, Charter Communications was the most overbought stock with an RSI of 81.57. The average price target implies shares could gain another 13.5% over the next year.
Persons: Joshua Spector, Morgan Stanley, downgrades, Wolfe, Peter Supino, Amgen, Michael Bloom Organizations: UBS, Investor, Fitch, Communications, Dow Jones Locations: U.S
Bitcoin tumbled to finish the week after many weeks of stillness in the market, and chart analysts say it's possible this could be just the beginning. Bitcoin also broke its 200-day moving average of $27,300, which could signal an impending downtrend. A range emerges between $25,000 and $30,000 Bitcoin has been here before. The $25,000 level was a key resistance threshold from last summer through March of this year after bitcoin briefly touched $30,000 in its banking crisis-fueled rally. Fairlead Strategies' Katie Stockton puts the next downside target a little higher at $25,200, with a secondary target level of $20,600.
Persons: Bitcoin, Wolfe, Rob Ginsberg, bitcoin, Julius de Kempenaer, de Kempenaer, Ari Wald, Oppenheimer, Katie Stockton, Stockton Organizations: Elon, SpaceX, CNBC, BlackRock, BTC
The major U.S. averages have been in negative territory this month , and valuations are coming down from their lofty heights. The S & P 500 has declined 4% this month, and the Nasdaq Composite about 6%. Still, there are some who are optimistic on the S & P 500, which is at around 4,404 as of Wednesday's close. George Ball, chairman of investment firm Sanders Morris Harris, predicts that S & P 500 will land at 5,000. ZoomInfo's losses were among the biggest, tumbling nearly 30%, with average price target upside of 49%.
Persons: Sameer Samana, George Ball, Sanders Morris Harris, Stocks, Baidu, SolarEdge Organizations: Nasdaq, U.S . Federal, Vanguard FTSE, Wells, Wells Fargo Investment Institute, CNBC Pro, PayPal, ON Semiconductor, Infineon Locations: U.S, Wells Fargo, Samana, Snowflake
The US won't see a resurgence in inflation, according to Jeremy Siegel. That was a reflection of poor productivity in the economy, Siegel said – a trend that has since turned around:"It was the worst productivity performance in over 70 years. This year we are hiring at less than half the pace and we have two to three times the level of GDP growth. That's why we can have this tremendous GDP growth and still have the disinflationary trend." And inflation won't reaccelerate as improving productivity justifies higher wages and drives more economic output, Siegel explained.
Persons: Jeremy Siegel, Wharton, Siegel, Jay Powell, Stocks Organizations: CNBC, Service, Atlanta Fed Locations: Wall, Silicon, BlackRock
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHawaii's ability to work with Hawaiian Electric 'crucial' to value long-term: Gabelli Fund's WinterTim Winter, portfolio manager at Gabelli Funds, joins 'Squawk on the Street' to discuss the reasoning behind Hawaiian Electric's stock bounce, the criticisms the company is facing, and more.
Persons: Tim Winter Organizations: Hawaiian Electric, Gabelli
Every weekday the CNBC Investing Club with Jim Cramer holds a Morning Meeting livestream at 10:20 a.m. Stocks fall, market oversold Stocks are lower again Friday, putting the S & P 500 on track for a third-straight week of declines for the first time since February. But the market is, at least, finally oversold, with the S & P 500 Short Range Oscillator at minus 4.54% following Thursday's sell-off. 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, Estee Lauder, That's, Fabrizio Freda, We'll, Palo, let's, Nikesh Arora, Jim Cramer's, Jim Organizations: CNBC, Prestige, Palo Alto Networks, Nvidia Locations: Palo, FL
Foreign investors are giving up on China as the country's post-COVID rebound fizzles. During that span, foreign investors sold 46.2 billion yuan of mainland Chinese stocks. Meanwhile, foreign institutional investors shed 37 billion yuan worth of Chinese bonds in July, according to data out Wednesday from China's foreign exchange regulator. According to Reuters, $1.71 billion worth of mainland shares were sold by foreigners in May, outpacing April's $659 million withdrawal. In addition to the consumer and manufacturing sectors, the real estate market — which serves as a key store of wealth in China's economy — has also been getting worse.
Persons: outpacing, bullish, , China's Organizations: Service, Kong's Stock Connect, Communist Party's, Financial Times, Bloomberg, Reuters Locations: China, Shanghai, Shenzhen, Wall, Silicon, Beijing
Veteran investor David Roche told CNBC that China's economic model is "washed up on the beach." He doesn't anticipate it to bounce back as it deals with deflation, slowing growth, and other economic snags. He noted that China's economy has a "huge number of legacy holes in it." Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. The troubled property market helps explain China's weak second-quarter GDP, which came in below expectations at 6.3%.
Persons: David Roche, it's, " Roche, CNBC's, they're, Roche Organizations: CNBC, Service, Independent, National Bureau of Statistics, People's Bank of, Country Garden Holdings Locations: Wall, Silicon, China, People's Bank of China
CNBC's Jim Cramer on Wednesday examined the ramifications a strike by the United Auto Workers union would have on the big three U.S. automakers. The union will vote on whether to strike next week, and if they decide to do so it could cost automakers billions. But Cramer said he doesn't think investors should rush to sell off their auto shares, saying he feels the strike is a one-time cost that these companies can bounce back from. Cramer noted that auto stocks are already down from their highs in a short period of time. Cramer also said he doubts the agreement UAW would eventually reach with automakers will be at the level of Fain's current demands.
Persons: CNBC's Jim Cramer, Shawn Fain, Cramer, FactSet, Ford Organizations: United Auto Workers, U.S, automakers, UAW, Motors Locations: North America
This year's best-performing IPO is a company that makes golf putters. Shares in Sacks Parente Golf soared more than 600% on their Tuesday debut. Shares in Sacks Parente Golf soared more than 600% on their Tuesday debut, before paring gains after-hours. The 624% bounce cemented Sacks Parente as the best-performing market debut of 2023 and gave some hope for the subdued IPO market. Fears of a recession have waned, and the Fed's rate rises appear to be working with consumer price inflation easing to about 3%.
Persons: Sacks, putters, Sacks Parente, There's, Dow Jones Organizations: Service, Nasdaq, CNBC Locations: Wall, Silicon, California
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