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☆ Gold keeps rising to record after record. How to play it from here with options
▼ + stars: | 2024-09-16 | by ( Michael Khouw | ) www.cnbc.com time to read: +4 min

Gold is at a new record around $2,610 per ounce — more than ten times the low of just over $253 per ounce in 1999. @GC.1 ALL mountain Gold futures, long term Physical gold holders typically retain their assets through market fluctuations. The fundamental case A notable exception has been Saudi Arabia, which has historically acted as a liquidity source by buying gold when prices fell and selling as prices rose. In 2023, central banks purchased 1,037 metric tons of gold, with China buying nearly 225 tons, the largest amount since 1977. The trade As an alternative to buying gold directly, one could consider purchasing a longer-dated call option and selling a nearer-dated strangle to offset decay on the SPDR Gold Shares (GLD) , which tracks the price of gold.

Persons: Carter Braxton Worth Organizations: CNBC, NBC UNIVERSAL Locations: U.S, Saudi Arabia, China, Central

☆ I moved from India to Europe for work and was living my dream. 10 years later, I walked away from it all.
▼ + stars: | 2024-09-16 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +5 min

Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. I spent the next three years with the company in India, then moved to the company's office in Dubai for two years, and then to Amsterdam. I enjoyed being done with work by 5 or 6 p.m. and having the rest of the day to myself. I'd been watching India's growth since I left and felt like I had missed the boom by leaving in 2014. I also felt like there was no career growth for me in Europe.

Persons: —, Sarvesh Rajagopal, it's, I'd, I'm Organizations: Service, United Arab, McKinsey, Business, ING, Indian Institute of Management Locations: United Arab Emirates, Netherlands, Germany, India, Dubai, Amsterdam, Berlin, Europe, Ukraine, Latin America

☆ OpenAI is the indisputable leader in the AI supercycle, says Altimeter Capital's Apoorv Agrawal
▼ + stars: | 2024-09-16 | 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 EmailOpenAI is the indisputable leader in the AI supercycle, says Altimeter Capital's Apoorv AgrawalApoorv Agrawal, Altimeter Capital partner, joins 'Squawk Box' to discuss the latest OpenAI funding round, state of the AI technology race, investing in AI companies, why he believes OpenAI is the leader in the AI supercycle, and more.

Persons: Agrawal Apoorv Agrawal, OpenAI

☆ Future Proof gathering in California surf town is trying to reinvent the investment conference
▼ + stars: | 2024-09-16 | by ( Bob Pisani | ) www.cnbc.com time to read: +7 min

More than 4,000 people have descended here for the Future Proof conference , a vast social gathering designed to give younger registered investment advisors and other investment professionals access to what they want. What they want, apparently, is an intense desire to network with other RIAs and investment professionals and find ways to grow their business. Reimagining the financial conference Future Proof is the brainchild of Barry Ritholtz, co-founder, chairman, and chief investment officer of Ritholtz Wealth Management, and CEO Josh Brown. This is the third year for the conference, but Ritholtz and company have been doing conferences for 15 years. Ritholtz describes it as an ongoing project to reinvent the financial conference concept, which he says is "moribund."

Persons: Barry Ritholtz, Josh Brown, Ritholtz, Van Eck, Matt Middleton, Adarsh, Brett Rodgriguez, Delon Mansour, Mansour, Shyamsundar, Harris, Consulting's Brett Rodgriguez, Akash Shah, Shannon Saccocia, Raj Dhanda, Ares Management, John Christmas, RIAs, They'll, Mike Novogratz, Anna Paglia, Bryan Whalen, Saira Malik, Lauren Goodwin, Scott Wapner, DoubleLine Capital's Jeff Gundlach, CNBC's, Jan van Eck, Matt Hougan, DJ Mick, There's, Bob Pisani, Jon Maier, JP Morgan, Pisani, Jan Van Eck, Marlena Lee, That's Organizations: Ritholtz Wealth Management, JPMorgan Chase, Capital Group, Street Global Advisors, Funds, Polaris Capital Management, Graystone Consulting, Investments, Investment, Ares, HPS Investment Partners, Global, Life Investments, Bitwise, Management, Dimensional Fund Advisors Locations: HUNTINGTON BEACH, Calif, Los Angeles, Iowa, California, Huntington Beach, San Diego, Michigan, ETFEdge.cnbc.com

Lawyers for Washington state will have past grocery chain mergers – and their negative consequences – in mind when they go to court to block a proposed merger between Albertsons and Kroger. Albertsons and Kroger own more than 300 grocery stores in the state and control more than half of grocery sales there. They are trying to get the case dismissed, arguing a state court isn’t the proper venue to consider a nationwide ban. Albertsons and Kroger insist that their plan, including the sale of stores to C&S, will lower grocery prices and preserve competition. In 2016, Albertsons acquired a Haggen supermarket and then promptly closed an Albertsons store about a mile away in Birchwood.

Persons: general's, Haggen, ”, Tina McKim, Bob Ferguson, Kroger, Brad Weber, Locke, Judge Marshall Ferguson, Ferguson, Weber, McKim, ” McKim, “, She’s Organizations: Albertsons, Kroger, Federal Trade Commission, S Wholesale Grocers, Safeway, Fighters, Democrat, King County Superior Court, Walmart, Costco, U.S, FTC, Associated Press Locations: Washington, Oregon, Colorado, Bellingham , Washington, Washington —, Bellingham's Birchwood, King County, Seattle , Washington, Dallas, Birchwood

☆ Apple shares are breaking down and could be under pressure for months, according to the charts
▼ + stars: | 2024-09-16 | by ( Katie Stockton | ) www.cnbc.com time to read: +7 min

—Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein. This material is not to be reproduced or redistributed absent the written consent of Fairlead Strategies.

Persons: AAPL, Headwind, — Katie Stockton Organizations: Apple, AAPL, CNBC, NBC UNIVERSAL, Fairlead, CNBC Pro, Securities Locations: AAPL

☆ Watch CNBC's full interview with Sandbox AQ CEO Jack Hidary and Breyer Capital's Jim Breyer
▼ + stars: | 2024-09-16 | 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 EmailWatch CNBC's full interview with Sandbox AQ CEO Jack Hidary and Breyer Capital's Jim BreyerJack Hidary, Sandbox AQ CEO, and Jim Breyer, Breyer Capital founder, joins 'Money Movers' to discuss how Sandbox AQ is using its technology to cure the Alzheimer's disease, why Breyer is so excited about LQMs, and much more.

Persons: Jack Hidary, Breyer Capital's Jim Breyer Jack Hidary, Jim Breyer, Breyer Organizations: AQ, Breyer Capital

Bryan Kohberger, the man accused in the murders of four University of Idaho students, was transported by plane Sunday morning from the Idaho county where he was being jailed to another county where his trial will be held. Latah County District Judge John Judge had ruled in favor of lawyers for Kohberger, 29, who argued a trial in Latah County would be unfair because of the intense pretrial publicity creating a "mob mentality" against the defendant. "While the issue of extensive, sensationalized coverage is not unique to Latah County," Judge added, "it is potentially more impactful given the volume of coverage coupled with the smaller population." Despite the change, Latah County prosecutors and Kohberger's public defenders are expected to remain through the trial. Some of the victims' families have expressed frustration over the trial's delay and had pressed for the case to remain in Latah County so that its residents could represent the jury.

Persons: Bryan Kohberger, John Judge, Judge, Steven Hippler, Kohberger, Madison Mogen, Kaylee Goncalves, Xana Kernodle, Ethan Chapin, —, Goncalves Organizations: University of Idaho, Prosecutors, U.S . Constitution, Washington State University, Authorities Locations: Idaho, Latah County, Ada County, Boise, Ada, County, U.S ., Pullman, Washington, Kohberger

☆ This 97-year-old has worked at the same hospital for nearly 80 years—her best advice for a long, happy career
▼ + stars: | 2024-09-15 | by ( Morgan Smith | ) www.cnbc.com time to read: +5 min

Carr started training to become a nurse at Sacred Heart Hospital (now known as St. Luke's Sacred Heart Campus) in Allentown, Pennsylvania during World War II in 1944. All five of Carr's children, and nearly all of her 12 grandchildren, were born at Sacred Heart. Her son-in-law, Vincent Burns, was also born at the hospital — Carr met him hours afterward in the newborn nursery. Photo: St. Luke's University Health NetworkMoments like that have inspired her to continue working at Sacred Heart. Carr's passion is infectious: Her daughter, Grace Loring, worked in the pediatric ward at St. Luke's Sacred Heart Campus for 35 years before retiring.

Persons: Grace Carr, Carr, Edward Carr, Grace, Beth Fogel, Freeland, Edward, Vincent Burns, — Carr, Janet, Carr's, Grace Loring, Loring Organizations: Sacred Heart Hospital, Sacred Heart School of Nursing, U.S, Cadet, Luke's University Health Locations: Allentown , Pennsylvania, Freeland , Pennsylvania, St, Allentown

☆ Elon Musk has beef with the FAA. The agency still puts in a lot of work for him.
▼ + stars: | 2024-09-15 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +6 min

A SpaceX spokesperson did not respond to a request for comment sent during the weekend. AdvertisementIn an interview on Monday at the All-In Summit, Musk mocked the FAA for the time it has taken the agency to approve SpaceX launches. An FAA spokesperson did not respond to a request for comment sent during the weekend. Unfortunately for the FAA, Musk isn't doling out any points for trying. Murray defended his office against claims from SpaceX and Musk that the agency was needlessly delaying the launch of Starship.

Persons: —, Elon, Musk, Steven Kulm, Daniel Murray, Murray, There's, Trump, Christian Grose, I'm, they're Organizations: Service, Federal Aviation Administration, SpaceX, Business, FAA, Elon, Biden Administration, New York Times, Transportation Office, Global Aerospace Summit, Bloomberg, Summit, Twitter, University of Southern Locations: DC, University of Southern California

☆ This is what all of your wealthy adult friends did this summer
▼ + stars: | 2024-09-15 | by ( Brittany Chang | ) www.businessinsider.com time to read: +1 min

Adult-only summer camps have been exploding in popularity. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementForget Euro summer — travelers want to return to summer camp. The nostalgic art of sharing bunks and canoeing with new friends is no longer reserved for kids at summer sleepaway camps. Lately, an increasing number of grown-ups have begun flocking to adult-only summer camps, some for as steep as $1,200 a day.

Persons: Social's, — Organizations: Service

☆ Auto parts and dollar store execs warn that low-income Americans are stretched thin and running on borrowed time
▼ + stars: | 2024-09-14 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +5 min

AdvertisementBut Americans are not a monolith, as Jefferies consumer strategist Carey Kaufman pointed out in a note to clients Tuesday. Heading into the autumn, a considerable number of those in the bottom quintile appear to be running on borrowed time. Dollar Tree, which owns Family Dollar, reported similar consumer headwinds during its quarterly earnings this month. "What we noticed was an even tighter core consumer at the very last week of each of the months in Q2," he said. "While that's always a tighter week of the month for our core consumer, it was by far the weakest."

Persons: —, Carey Kaufman, Ted Vasos, Vasos, David Bellinger, Ryan Grimsland, Will Stengel, Ally, Russell Hutchinson, paychecks aren't, that's, Bellinger Organizations: Service, Walmart, Costco, Business, Jefferies, Goldman, Global Retailing, Mizuho, Reuters, Federal Reserve Locations: U.S

☆ Hollywood's secret weapon is an independent animation studio called Titmouse
▼ + stars: | 2024-09-14 | by ( Sarah Whitten | ) www.cnbc.com time to read: +5 min

Amazon Prime Video's "The Legend of Vox Machina" is one of the many shows using animation from independent studio Titmouse Animation. Amazon StudiosThere's a powerhouse in the entertainment industry that remains unknown to many casual cartoon viewers — it's called Titmouse Animation. Titmouse worked on Disney's "Star Wars Galaxy of Adventures," a series of animated shorts set in the Star Wars universe. "When we were looking at animation studios, Chris [Prynoski] made it really clear that Titmouse wanted to get into prime-time-style adult animation and that their No. Netflix's "Big Mouth" was produced through Titmouse's animation studio.

Persons: it's, haven't, you've, Chris Prynoski, doesn't, Titmouse, Prynoski, we've, Chris, Shannon Prynoski, Daria, Beavis, Ben Kalina, they've, Kalina, Andrew Goldberg Organizations: Amazon, Amazon Studios, Netflix, Paramount, Hollywood, Disney, Universal, MTV, Cartoon Network, MTV Animation, Wars Galaxy, Star Wars, Warner Bros

☆ My husband and I are child-free. Sometimes, I worry we'll regret it.
▼ + stars: | 2024-09-14 | by ( Alix Campbell | ) www.businessinsider.com time to read: +5 min

Though my husband didn't want kids, he also never pushed me either way, which I'm grateful for. It mostly consists of other childless couples (or couples with grown-up children), surfers, business owners and freelancers, and expats from countries like Germany, Poland, France, Venezuela, and Spain. Related storiesI started questioning things after a couple we know had a babyRecently, though, our perfectly crafted child-free lifestyle has been turned upside down. Will we regret our decision to live on our own terms without the chaos and beauty of raising a child? I'm picturing my husband and me — all shriveled up and gray — sitting at an empty dinner table, just the two of us.

Persons: Lachlan, we'd, we've, Alix Campbell, Alix Campbell I'm, I'm, —, they'll Organizations: Service, Business, Netflix Locations: Nicaragua, Australia, Austria, Western Algarve, Portugal, Germany, Poland, France, Venezuela, Spain

Ron DeSantis’ administration is once again advising against the mRNA vaccines: this time in the most vulnerable residents. In updated guidance for health care providers released Thursday, the Florida Health Department and state Surgeon General Joseph Ladapo questioned the safety and effectiveness of the mRNA Covid vaccines from Pfizer and Moderna, including for older adults and people with underlying health problems. Dr. Paul Offit, a vaccine expert at Children’s Hospital of Philadelphia, said the Florida surgeon general's guidance is unnecessarily alarming people about the Covid vaccines. "The mRNA vaccines are remarkably safe," he added. The CDC currently recommends everyone ages 6 months and older get an updated Covid vaccine this fall from any of the three options.

Persons: Ron DeSantis ’, Joseph Ladapo, Nature Cardiovascular Research , Paul Offit, Offit, They’re, Isaac Bogoch, ”, Boguch, Ladapo Organizations: Florida Health Department, Pfizer, Moderna, Nature Cardiovascular Research, Children’s Hospital of Philadelphia, Food and Drug Administration, United States, University of Toronto, CDC, Emergency Locations: Florida, U.S

☆ Walmart and Clorox are among the most overbought stocks on Wall Street. Here are some others
▼ + stars: | 2024-09-13 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +8 min

Retail giant Walmart is among this week's most overbought stocks, with an 14-day RSI reading of 81.7. The average price target on the Oakland, California-based stock is nearly 10% below the stock's current price, suggesting a pullback may lie ahead. Analysts estimate Halliburton and APA might rally nearly 60% each, while Occidental's price target is 38% above its current level. The average price target on the Oakland, California-based stock is nearly 10% below the stock's current price, suggesting a pullback may lie ahead. Analysts estimate Halliburton and APA might rally nearly 60% each, while Occidental's price target is 38% above its current level.

Persons: Clorox, Johnson, Let's, Gabby Jones, Cooper Organizations: Nasdaq, Dow Jones, CNBC Pro, Retail, Walmart, Consumer, Johnson, Energy, Halliburton, APA, . Occidental Petroleum, Occidental Petroleum, Pharmaceutical, Moderna, JPMorgan, Bloomberg, Getty, UDR UDR, Inc, Oracle Corp, CNBC, HAL Halliburton, APA APA Corp, Occidental Petroleum Corp, Walgreens, Body Locations: Arkansas, Oakland , California, Secaucus , New Jersey

☆ Brain scans show teen girls aged 4 years faster than boys during COVID lockdowns. We asked the researcher what that means long-term.
▼ + stars: | 2024-09-13 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +4 min

AdvertisementThe average acceleration for teen girls was 4.2 years, compared to 1.4 for boys. It comes at a time when teen girls have seen a sharp rise in sadness and hopelessness, often attributed to social media use. The team measured cortical thinning, a natural process that usually begins in late childhood and is believed to improve cognitive performance. Cortical thinning isn't always negativeCorrigan said there's a lot we still don't know about cortical thinning, such as whether it's reversible. It's believed that the cortex thins to reduce the effect the environment has on brain development, Corrigan said.

Persons: —, COVID lockdowns, Dr, Neva Corrigan, Corrigan, It's, Bradley, Peterson Organizations: Service, University of Washington, Business, Children's Hospital Los, New York Times Locations: Children's Hospital Los Angeles

☆ Tesla is poised for a breakout, according to the charts
▼ + stars: | 2024-09-13 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +4 min

Before we get into the charts, it's important to discuss the process of choosing to write about TSLA this week. In other words, oftentimes, the most comprehensive method to locate constructive trade set-ups is reviewing a big list and taking note of the charts that look attractive. That's why I frequently intentionally do NOT look at the chart's stock symbol while going through a long list. I want the chart, and only the chart, to be the factor that influences my decision to potentially buy or sell it. Thus, seeing the above potential breakout attempt come to fruition would have a meaningful impact on its longer-term trend, too.

Persons: TSLA, That's, Frank Cappelleri Organizations: Tesla, CNBC, NBC UNIVERSAL

☆ Fed appears more comfortable with a cautious 25 bp rate cut, says Nationwide Mutual's Bostjancic
▼ + stars: | 2024-09-13 | 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 EmailFed appears more comfortable with a cautious 25 bp rate cut, says Nationwide Mutual's BostjancicKathy Bostjancic, Nationwide Mutual chief economist, joins 'The Exchange' to discuss her expectations from next week's Fed meeting, why everyone is closely watching this meeting, and more.

Persons: Kathy Bostjancic Organizations: Fed, Nationwide Mutual

☆ A market and tech hedge ahead of an uncertain Fed decision next week
▼ + stars: | 2024-09-13 | by ( Jeff Kilburg | ) www.cnbc.com time to read: +3 min

The Federal Reserve has telegraphed the kickoff of their interest rate cutting campaign to begin next week. I believe a quarter-point interest rate cut is their first step but, a half-point interest rate cut (which has the ability to roil markets) has recently been floated strongly. The Nasdaq-100 dropped 6% last week and is now up nearly 5% this week, these are not normal market conditions. QQQ YTD mountain Invesco QQQ Trust, YTD The Cboe Volatility Index , yet elevated, is not showing current signs of panic. The trade The CME Fedwatch tool is narrowly favoring a 25 basis point interest rate cut but, it is oddly closer to a coin toss than it was last week.

Persons: pont, QQQ Organizations: Federal Reserve, Fed, Nasdaq, CNBC, NBC UNIVERSAL

☆ Tiger Global plans to join OpenAI’s funding round at more than $150 billion valuation
▼ + stars: | 2024-09-13 | by ( Hayden Field | ) www.cnbc.com time to read: +1 min

In this photo illustration, the OpenAI logo is displayed on a mobile phone screen with a photo of Sam Altman, CEO of OpenAI. Tiger Global is planning to join OpenAI's buzzy new funding round that would value the artificial intelligence startup at more than $150 billion, according to sources familiar with the situation. Thrive Capital is leading the round and plans to invest $1 billion. Microsoft , Nvidia and Apple are reportedly in talks to join as well. Earlier this year, OpenAI was valued at a reported $80 billion, up from $29 billion the prior year.

Persons: Sam Altman, OpenAI's, Tiger Global's, OpenAI, Growth, — CNBC's Kate Rooney Organizations: Tiger Global, Microsoft, Nvidia, Apple, OpenAI, Anthropic, Google, White, U.S, CNBC

☆ Nvidia stock can climb for the next 12 months, S&P Global analyst says
▼ + stars: | 2024-09-13 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Nvidia's stock rally has another 12-18 months left to go, according to S&P Global's Andrew Chang. The stock has at least another year of "strong runaway" amid big demand for its chips, Chang said. His comments bolster predictions of continued upside for Nvidia, Chang said in an interview with Schwab Network on Friday. "It just confirms our view that we have strong runway for at least the next 12 months," Chang said. Nvidia stock sold off in the weeks following its earnings report at the end of August, but the stock staged a fresh rally this week alongside other tech stalwarts including Oracle and Super Micro Computer.

Persons: Andrew Chang, Chang, —, Jensen Huang, Goldman Sachs, Blackwell Organizations: Service, Nvidia, Goldman, Schwab Network, Oracle, Apple, Microsoft, Department of Justice, Bloomberg, Micro Computer, Nasdaq Locations: San Francisco

☆ Oil market malaise due to weakening manufacturing around the world, says S&P Global's Dan Yergin
▼ + stars: | 2024-09-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOil market malaise due to weakening manufacturing around the world, says S&P Global's Dan YerginDan Yergin, S&P Global vice chairman, joins 'Squawk Box' to discuss why oil prices are at such low levels, the longer term outlook for oil prices, and much more.

Persons: Dan Yergin Dan Yergin Organizations: Email, P Global

☆ Crude oil to see 'oversupply situation' in 2025, RBC Capital's Helima Croft
▼ + stars: | 2024-09-12 | 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 EmailCrude oil to see 'oversupply situation' in 2025, RBC Capital's Helima CroftHelima Croft, global head of commodity strategy at RBC Capital Markets, joins CNBC's "Squawk on the Street" to discuss why crude oil prices are rebounding after a sell-off, her outlook for the sector and more.

Persons: Helima Croft Helima Croft Organizations: RBC, RBC Capital Markets

☆ A hedge if this tech comeback is a head fake and a correction is still in order
▼ + stars: | 2024-09-12 | by ( Michael Khouw | ) www.cnbc.com time to read: +3 min

The Technology Select Sector Index, which the ETF 'XLK ' tracks, is down about 9% since the all-time high on July 10. This is even though the technology sector earnings have experienced a compound annual growth rate 2.7% greater than the S & P 500. The chart below reflects the earnings growth of the Technology Sector vs. the S & P 500 over the past 20 years in a log scale. Not only has the technology sector grown earnings faster, but earnings growth has also been more stable. While technology stocks are down almost 9% from their all-time highs, those all-time highs also reflected all-time high valuations.

Persons: we've, it's Organizations: Technology, CNBC, NBC UNIVERSAL

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