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☆ Nvidia rally is fueling FOMO in the overall market, Evercore's Julian Emanuel warns
▼ + stars: | 2024-02-12 | by ( Stephanie Landsman | ) www.cnbc.com time to read: +2 min

Evercore ISI's Julian Emanuel thinks Nvidia's monster rally is fueling a fear of missing out in the market. "That's the first time that's happened since 2021 for us," the firm's senior managing director said on CNBC's "Fast Money" on Monday. In his Sunday note, Emanuel warned clients there are similarities to Y2K emerging, particularly when it comes to momentum. Meanwhile, Nvidia , the global leader in artificial intelligence chips, is up 46% so far this year and 240% over the past year. "If you can't see yourself being a buyer down there, you should probably lighten up a little bit," said Emanuel.

Persons: Evercore, Julian Emanuel, Nvidia's, Emanuel, CNBC's Melissa Lee, hasn't, It's Organizations: Dow, Nvidia Locations: U.S, Monday's

☆ Fear of missing out is underpinning 'super-charged momentum market': Evercore ISI's Julian Emanuel
▼ + stars: | 2024-02-12 | 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 EmailFear of missing out is underpinning 'super-charged momentum market': Evercore ISI's Julian EmanuelJulian Emanuel, Evercore ISI senior managing director, joins 'Fast Money' to talk 'FOMO' investing, Nvidia's monster rally and more.

Persons: Evercore ISI's Julian Emanuel Julian Emanuel

It's by choice, yet she still suffers FOMO when Valentine's Day rolls around. She became a certified matchmaker last year and has organized a speed-dating event ahead of Valentine's Day. Like Valentine's Day, loneliness has become big business, complete with an outpouring of books offering up self help and data. Her best advice for making it through Valentine's Day is as sweet as those candy conversation hearts that circulate this time of year. On Valentine's Day, the project is offering a free Zoom coloring session for anyone who cares to sign up.

Persons: — Elise Plessis hasn't, “, ”, Plessis, She'll, she'll, ” Plessis, Vivek Murthy, ” Murthy, that’s, David Sbarra, crunchers, ” Sbarra, Tori Mattei, She's, I’ve, “ I’ve, ” Mattei, Mattei doesn't, Jeremy Nobel, Nobel, —, Kelli Miller Organizations: Associated Press, University of Arizona, Harvard Chan School of Public Health, Foundation for Art & Healing Locations: Manitoba, Canada, U.S, America, Tucson, New York, Manhattan, Los Angeles

☆ I moved to Montreal to be with a man I met on Xbox. It was a bigger culture shock than I expected.
▼ + stars: | 2024-02-09 | by ( Elle Hardy | ) www.businessinsider.com time to read: +5 min

I spent almost my entire life in Massachusetts until I met my now husband, Marc, six years ago. He's from Montreal, and we met online while playing Grand Theft Auto on Xbox. I'm a pet sitter, so once I got my PR, I could start pet sitting and dog walking here. Quebec is different from the rest of North AmericaThe culture shock was more than I expected. I'm much more confident now, and sometimes when I think I'm going to say something in English, French comes out first.

Persons: —, Melissa Rebelo, Marc, Sauve, poutine, Sauve It's, It's, it's, Thomas, Frank Pepe's Organizations: Service, Business, Facebook Locations: Sauve, Massachusetts, Montreal, Boston, Canadian, Quebec, North America, you'll, Springfield , Massachusetts, Canada, Connecticut

☆ Loud budgeting is in, quiet luxury is out. Meet the TikToker who started the financial trend
▼ + stars: | 2024-02-05 | by ( Vanessa Yurkevich | ) edition.cnn.com time to read: +6 min

“Loud budgeting is a new concept I am announcing for 2024, it’s the opposite of quiet luxury,” he said in the TikTok post, posted on December 29. In this screen grab taken from a viral video by Lukas Battle, the comedian talks about the 'loud budgeting,' trend, versus 'quiet luxury.' In an online world where luxury and opulence are constantly on display — and unattainable for most people — “loud budgeting” makes being on a budget cool and acceptable. It’s the inverse of “quiet luxury,” which flourished on social media last year and promoted not flaunting your wealth or being understated about it. But loud budgeting could be a reckoning for brands who have found success in social media marketing.

Persons: Lukas Battle, Lukas, It’s, ”, they’re, Vivian Tu, Rich, ” Tu, Giovanna Gonzalez, “, Gonzalez, “ I’m, Michael Hershfield, Tu, it’s Organizations: New, New York CNN, CNN, TIAA Institute, Wall, P Global Market Intelligence, “ Locations: New York, Cabo, “

☆ The Apple Vision Pro is blowing users away during their demos. But there's one issue.
▼ + stars: | 2024-02-02 | by ( Aaron Mok | ) www.businessinsider.com time to read: +4 min

🥹🥹🥹 what a day can’t believe Vision Pro is out pic.twitter.com/p0JCkuZ7Z1 — Linda Dong 🥽 (@lindadong) February 2, 2024The excitement grew as Apple Store visitors tried the Vision Pro. AdvertisementWent to Apple Store to do the Vision Pro demo and I can’t articulate what exactly I just saw. @peach.mcintyre COME WITH PEACH 🍑 TO THE APPLE STORE TO DO A FREE DEMO OF THE APPLE VISION PRO: APPLE PRO REVIEW ♬ original sound - Peach.McIntyreBut not everyone expressed total enthusiasm for the headset. Opinions on the weight of the Apple Vision Pro — which some early testers complained crushed their face — varied. Whether or not those who demoed the Vision Pro in-store ended up purchasing their own, customer interest in Apple's flashy product seems to be strong.

Persons: —, techies, Du, flo o, Hal l, arie, ava Organizations: Service, Vision, Apple, Business Locations: SION, sion

☆ 28-year-old with a net worth over $500,000 shares 5 money habits she avoids: 'Everything can't be a little treat'
▼ + stars: | 2024-01-27 | by ( Mike Winters | ) www.cnbc.com time to read: +4 min

Using traditional savings accountsAllocca favors high-yield savings accounts over the traditional savings accounts typically offered by large banks, as they offer better annual interest rates. Currently, you can find high-yield savings accounts offering APRs of around 5%, while traditional accounts offer interest rates closer to 0.6%, per Bankrate's most recent data. Many online banks and credit unions offer high-yield savings accounts, so they're not hard tp come by. "All of my cash savings are in a high-yield savings account," says Allocca. "If you aren't using a high-yield savings account, make 2024 the year you open one.

Persons: Michela, She's, Allocca, They're, they've Organizations: CNBC

☆ 'You are now living through Tech Bubble 2.0': A 32-year market vet warns stocks are doomed to suffer substantial losses with valuations at historic highs and the economy on the verge of recession
▼ + stars: | 2024-01-27 | by ( William Edwards | ) www.businessinsider.com time to read: +7 min

"For those of you younger than us who did not live through the Tech Bubble of the late 1990s, you are now living through Tech Bubble 2.0. As a reminder, the NASDAQ fell about 80% when that bubble burst in the mild recession of the early 2000s," Wolfenbarger said. AdvertisementThere is evidence that backs up Wolfenbarger's bubble claims, starting with fairly standard valuation measures like the Shiller cyclically-adjusted price-to-earnings ratio. While it's not as high as it was during the dot-com bubble, it's higher than it was in 1929 — and is at one of its most elevated levels in history. Bank of AmericaAs for what will finally deflate the bubble, Wolfenbarger is expecting a recession to hit the US economy.

Persons: —, Microsoft —, Jon Wolfenbarger, Merrill Lynch, Wolfenbarger, it's, America's Michael Hartnett, Louis Fed Wolfenbarger, Jeremy Grantham, Adam Karr, Orbis Investment Management Karr, It's Organizations: Service, Apple, Nvidia, Microsoft, Business, JPMorgan, ClearBridge, Tech, NASDAQ, ClearBridge Investments Bank, America's, Bank of America, Bank of America's Global, Institute for Supply Management's Manufacturing, Orbis Investment Management, Global Fund, Federal Reserve Locations: Japan

☆ Shut out of the high-flying Super Six? Here are some entry prices to consider
▼ + stars: | 2024-01-26 | by ( Zev Fima | ) www.cnbc.com time to read: +14 min

The goal: Determine entry points for investors who don't currently have a position. If you already own shares, consider your cost basis and last buy for entry points. Microsoft Three potential entry points: $380, $365 and $342. Alphabet Three potential entry points: $140, $130 and $120. It doesn't mean we will necessarily upgrade all a stock if it reaches one of the entry points discussed above.

Persons: Apple, that's, MSFT, It's, we're, Jim Cramer's, Jim Cramer, Jim, Jensen Huang, Cheng Organizations: Apple, Amazon, Microsoft, Nvidia, Semiconductor, Vision, Jim Cramer's Charitable, CNBC, Nvidia Corp, Bloomberg, Getty Locations: Thursday's, Taipei, Taiwan

☆ Crypto Funds Have Arrived. But Who Needs Them?
▼ + stars: | 2024-01-19 | by ( Jeff Sommer | ) www.nytimes.com time to read: +1 min

Exchange-traded funds come in many shapes and sizes. Some are plain vanilla, diversified index funds that let you invest in the entire stock and bond markets, and are excellent core holdings for the great majority of people. Then there are the quirky, narrowly focused E.T.F.s like the Inverse Cramer Tracker, which enables you to bet against the stock picks of the CNBC television host Jim Cramer. The fund is legal, approved by the Securities and Exchange Commission — and a money-loser since its inception last year. Betting against Jim Cramer just isn’t a great investing strategy.

Persons: Jim Cramer, Bitcoin, legitimizing Organizations: CNBC, Securities and Exchange Commission Locations: Bitcoin

☆ Still more cash to come off the sidelines as investors get FOMO, says G Squared's Victoria Greene
▼ + stars: | 2024-01-18 | 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 EmailStill more cash to come off the sidelines as investors get FOMO, says G Squared's Victoria GreeneHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Victoria Greene, Brian Sullivan, “ Organizations: CNBC

☆ Biotech and pharma companies are betting on a promising class of cancer drugs to drive growth
▼ + stars: | 2024-01-14 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +2 min

SAN FRANCISCO — An established but promising group of cancer drugs was a red-hot market in 2023, and more companies could look to the treatments to fuel growth in the year ahead. Interest in the drugs will only continue this year, as some analysts expect more dealmaking and advancements in ADCs currently in development. The drugs also have potential to draw huge profits: ADCs could account for $31 billion of the $375 billion worldwide cancer market in 2028, according to estimates from the drug market research firm Evaluate. The market for those drugs in 2023 was estimated to be worth around $9.7 billion, another report from research firm MarketsandMarkets said. Everyone wants to gain exposure to [ADCs] and basically make it a cornerstone of their entire corporate strategy," Hsieh told CNBC.

Persons: FRANCISCO —, Johnson, Andy Hsieh, William Blair, MarketsandMarkets, Hsieh Organizations: FRANCISCO, JPMorgan Healthcare Conference, ADC, Pfizer, Merck, William Blair & Company, CNBC Locations: San Francisco, ADCs, drugmakers, Asia

☆ What to know before buying the first bitcoin ETFs. FOMO ‘is a poor investment strategy,’ expert says
▼ + stars: | 2024-01-11 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +3 min

The agency signed off on 11 bitcoin ETF applications, including funds from BlackRock , Fidelity, Ark Invest, WisdomTree and Grayscale. But there are things to consider before rushing to purchase bitcoin ETFs. 'Better than anything else on the market'While bitcoin carries risk, if you want to add exposure, experts say the new bitcoin ETFs could be worth considering compared to owning bitcoin directly or bitcoin futures ETFs. "These spot bitcoin ETFs are better than anything else on the market," said Armour, referring to other bitcoin investing options. The Grayscale Bitcoin Trust (GBTC) charged 2.0% before converting to a spot bitcoin ETF, and now has fees of 1.5%.

Persons: Bryan Armour, Armour, I'm, Ivory Johnson, Gary Gensler Organizations: . Securities, Exchange Commission, Fidelity, Ark Invest, North America, Morningstar, SEC, Delancey Wealth Management, CNBC's Locations: U.S, BlackRock, bitcoin, Washington ,

Let's find out in our Samsung Galaxy Z Fold 5 vs. AdvertisementSamsung Galaxy Z Fold 5 vs. At least you can choose something more lively when protecting the phone with one of our picks of the best Galaxy Z Fold 4 cases or Galaxy Z Fold 5 cases. AdvertisementSamsung Galaxy Z Fold 5 vs. Z Fold 4 on the left and Z Fold 5 on the right.

Persons: you've, I've, 12MP, Brendan Griffiths, I'm, Max, Samsung's, that's, Foldables, I'd, Price Organizations: Samsung, 1TB, Apple, Microsoft, Google, Samsung's Locations: Bath

☆ Stanley cup craze, explained: Why do we love these tumblers so much?
▼ + stars: | 2024-01-10 | by ( Aj Willingham | ) edition.cnn.com time to read: +5 min

On social media, Stanley collectors show off shelves of their rainbow-hued, stainless steel treasures or gush over stickers and silicone doohickies to accessorize their favorite cups. It’s no secret that good marketing — largely to women, through social media — has been behind the cups’ recent surge in popularity. Empty shelves after a sold-out Stanley cup release at a California Target in January. The habitual meets the aspirational when social media posts add a shiny, new Stanley cup to a lifestyle marked by clean, responsible, well-hydrated order. It’s a favorite cup, a new cup, a go-to cup, the cup everyone is jealous of, the cup that will solve all of life’s problems and get us closer to our ideal selves.

Persons: Stanley, —, Charles Lindsey, “, Lindsey, Brian van der, Terence Reilly, it’s, “ It’s, ” Lindsey, Ricardo Torres, they’re Organizations: CNN, Stanley, University, Buffalo School of Management, ”, California Target, Los Angeles Times, Starbucks, Milwaukee, USA Locations: California, Milwaukee

☆ A picture of an old computer is making millennials nostalgic for a time when the internet felt like a luxury
▼ + stars: | 2024-01-04 | by ( Andrew Lloyd | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. On December 19, an X user who goes by Dexter shared an image of a retro-looking desktop that many millennials likely grew up with. "There was a time when we respected the computer," they wrote alongside the image. Many said they missed the days when they weren't constantly logged in and connected to the online world 24/7. And if you're still unconvinced, here's a reminder of the realities of the internet of yesteryear:

Persons: —, Dexter, seJcPZV8RW — Dexter, @planet_nerf, they'd, Forrester, @somefrogs.co, Z Organizations: Service, Business, MSN, Durham University, Facebook Locations: Canada

☆ For Microsoft and OpenAI, after a year in the 'hype cycle,' the Copilot corporate spending boom is just getting started
▼ + stars: | 2023-12-20 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +9 min

While another third (32%) said they have not made the spending decision, only 13% said they would not be acquiring similar gen AI capabilities. Microsoft has pointed to customers including Visa, BP, Honda and Pfizer using Copilot, and professional services firm partners on Copilot AI including Accenture, EY, KPMG, and PwC. And even amid the hype, it's important to keep in mind that as gen AI spending grows, it is still dwarfed by companies' cybersecurity budget needs. That means roughly $5 will be spent on security for every dollar spent on gen AI. But it's growing, and for now at least, when it comes to the billions in gen AI spending, Microsoft is in the pole position.

Persons: Dan Ives, Google Bard, Satya Nadella, Sam Altman, Altman, Jason Wong, Wong, Joe Atkinson, That's, Copilot, It's, Gartner, it's, Will, John Lovelock Organizations: Microsoft, Wedbush Securities, " Enterprises, Google, CNBC Technology, Survey, Gartner, Visa, BP, Honda, Pfizer, Accenture, EY, KPMG, CNBC, CNBC TEC, SAP, Adobe, Amazon Web, Meta, SharePoint Locations: San Francisco , California, U.S, Copilot, Salesforce, that's

☆ Gen Z women spend more on TikTok as app 'drives consumption,' analyst says
▼ + stars: | 2023-12-04 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +4 min

Filippobacci | E+ | Getty ImagesGen Z women are driving spending trends on TikTok. "TikTok is a Gen Z women-centric app and it is setting the tone and the narrative for what is 'hot' online," said Ellyn Briggs, a brands analyst at Morning Consult. A larger share of Gen Z women, 75%, use TikTok compared to their male counterparts, 62%, a separate Morning Consult report found. Sophia Bera Daigle certified financial plannerSocial media platforms like TikTok take the concept to a different level, especially for Gen Z. Two money guardrails for 20-something womenExperts say it's important for young women in their 20s to remember the following two things when it comes to observing their contemporaries exhibiting expensive lifestyles: 1.

Persons: Ellyn Briggs, Briggs, TikTok, Z's, Shaun Williams, boomers, Williams, Sophia Bera Daigle, FOMO, Gen Zers, LendingTree, Daigle, guardrails, it's, They're Organizations: Morning, Paragon Capital Management, CNBC, Gen, CNBC FA Locations: Denver, Austin , Texas

☆ Behind the Scenes of the Most Spectacular Show On TV
▼ + stars: | 2023-12-02 | by ( Jody Rosen | ) www.nytimes.com time to read: +4 min

On the possession that followed the Lions’ touchdown, the Chiefs stalled, punting with 5:07 left. And then drama turned to farce, as Mahomes’s receivers let him down and penalties pushed the Chiefs backward. Mahomes took the snap, rolled left and launched a throw that arced across the line to gain, reaching the fingertips of the receiver Skyy Moore, who couldn’t clasp it. On the air, Tirico said: “The Detroit Lions are right there.” In the truck, Hyland’s pronouncement was less circumspect. One measure of the success of “Sunday Night Football” is how “Sunday Night Football”-ish the competing broadcasts are looking.

Persons: ” Collinsworth, Campbell, Tirico, “, Jawaan Taylor, Skycam, Hyland, Esocoff, ”, Mahomes, Skyy Moore, Chiefs weren’t, Gaudelli, “ There’s, Tom Brady, Peyton, Eli, refigures Organizations: Lions, Chiefs, “, NBC, doleful Chiefs, Detroit Lions, CBS, Fox, Fox Sports, bros, NFL Locations: Detroit

☆ I used to work at Disney World and visit the parks for free. Now that I'm just a guest, I'm way more cynical about the price.
▼ + stars: | 2023-12-02 | by ( Jordyn Bradley | ) www.businessinsider.com time to read: +5 min

I worked at Disney World and visited the theme parks for free all the time. AdvertisementIf you're looking for a vacation that's a great value, I don't think you'll ever find it at Disney World. My partner and I recently planned our first Disney trip together and told ourselves we could do it on a budget. I'm used to getting discounts all over Disney WorldWhen I worked at Disney World, I visited the parks for free and got added discounts. I still loved my trip, but I do feel like Disney World is too expensiveIt will probably be a while before I head back to Disney World.

Persons: I've, I'm, —, Jordyn Bradley, Mickey pretzels, Mickey, mignon, Jordyn Bradley I've Organizations: Disney World, Service, Disney, Sports, Disney Springs, Hollywood Studios, Epcot, Sam's Club Locations: Magic Kingdom, Epcot, Japan, Canada, Magic

☆ The S&P 500 could have another 23% upside if this key level is breached, according to Bank of America
▼ + stars: | 2023-11-27 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The stock market could have 23% upside if a key technical level is breached, according to Bank of America. BofA analyst Stephen Suttmeier said a decisive break above 4,600 for the S&P 500 would confirm a bullish chart pattern. AdvertisementA continuation of bullish technical trends in the stock market could catapult the S&P 500 higher by as much as 23% from current levels, according to Bank of America. The S&P 500 traded just above 4,550 on Monday. To fuel the potential stock market upside, Suttmeier said asset managers have plenty of buying power left.

Persons: Stephen Suttmeier, —, Suttmeier Organizations: Bank of America, Service, Bank of America . Bank, Nasdaq

☆ CHART OF THE DAY: Fear of missing out may heat up market rally even more after $240 billion fled stocks and $1 trillion flowed to safer bets
▼ + stars: | 2023-11-27 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

Despite a strong stock market rally since October 2022, investors have pulled money out of equity funds. Fund flow data reveals investors are still seeking out safer assets like bonds and money market funds. Investors have taken $240 billion out of stock market funds, suggesting to Fundstrat's Tom Lee that a FOMO rally is imminent. Over the same time period, they purchased $107 billion worth of bond funds and $1.1 trillion worth of money market funds. According to data from the Fed, retail investors are holding a record $1.6 trillion in money market funds, taking advantage of 5% interest rates.

Persons: Tom Lee, —, Lee, Cash Organizations: Investors, Service, Nasdaq, Federal Reserve Locations: Fundstrat

☆ I split my time between Tokyo and Singapore. I don't consider myself a digital nomad, I'm a 'shuttler.'
▼ + stars: | 2023-11-26 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +5 min

Austin Zeng is a freelancer who splits his time evenly between Singapore and Tokyo. He calls himself a "shuttler," and thinks it has clear benefits compared to being a digital nomad. I'm not a digital nomad, I'm a shuttler. While digital nomads jump from place to place to place, I spend my time shuttling between just two cities: Singapore and Tokyo. Unlike me, a digital nomad would be unlikely to stay in Japan during the dead of winter.

Persons: Austin Zeng, it's, —, I'm, Tokyo Austin Zeng, Shinjuku Austin Zeng I'm, It's, Zeng, FOMO Austin Zeng, Austin Zeng FOMO, I've, you'll Organizations: Service, Asahi Locations: Singapore, Tokyo, Shinjuku Austin, Japan, Shinjuku, —, It's, Airbnbs, I'm

☆ There's a wave of pre-IPO startups with pandemic-era price tags stuck in limbo right now
▼ + stars: | 2023-11-21 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +4 min

There is a wave of pandemic-era startups stuck in limbo right now. The days of seeing 80% to 100% year-on-year revenue growth are gone, Hussein Kanji from early-stage fund Hoxton Ventures told Business Insider. Hoxton Ventures' Hussein Kanji said the days of companies racking up 100% year-on-year revenue growth are over. Investors tend to assess whether a company is IPO-ready on the rule of 40, which is revenue growth plus EBIT margin. Kanji added: "This is a lesson for a lot of people – if the IPO window opens up, take the company public."

Persons: they're, James Ulan, Klarna, Ulan, Karna's, Hussein Kanji, Morgan Stanley, Kanji, Kamil Mieczakowski, Fabian Heilemann, Graphcore Organizations: Business, Hoxton Ventures, Hoxton, Nvidia, Sequoia Locations: Ulan

Sam Altman's sudden ouster from OpenAI on Friday shocked Silicon Valley. From the outside, there were some signs of technological challenges at OpenAI, but no indications that tensions were emerging in the boardroom and the C-suite. In a statement on its website, OpenAI said, "The board no longer has confidence in his ability to continue leading OpenAI." If you followed Altman for the past two weeks, you would've seen an industry leader in the center of the action. Here's an abbreviated timeline of the days leading up to Altman's departure:

Persons: Sam Altman's, Altman, ChatGPT chatbot, OpenAI, Steve Jobs, Mira Murati Organizations: Microsoft, CNBC Locations: OpenAI, Silicon

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