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"We expect 30 retail store openings this year in China and China market sales to grow 21% YoY in 2024." Raised target Morgan Stanley raised its price target to HK$52, up from HK$45 previously, after Pop Mart's profit alert. "Strong pickup in online channels and Pop Land were the key drivers, while offline sales growth also accelerated (driven by teens% [same-store sales growth])." Pop Land is a theme park that Pop Mart opened near a major city park in Beijing in September 2023. "The company is well-prepared to sustain its high sales growth momentum into 2H24F, in our view (we estimate 2H24F total sales growth of 39% y-y)," the Nomura analysts said.
Persons: Morgan Stanley, Pop Mart, they've, Michael Bloom Organizations: Pop Mart, Pop, Mart, Disney, Hong, Apple, Starbucks, HK, China Renaissance, Nomura, U.S, Jefferies, Comcast, CNBC, NBCUniversal, NBC Sports, NBC Olympics, NBC, Games Locations: Hong Kong, China, Beijing, Pop, Thailand, NBCUniversal, U.S
The suspension of former Sangamon County Sheriff’s Deputy Sean Grayson’s law enforcement certificate came only after he was fired and charged with murder. Sean Grayson, a deputy with the Sangamon County Sheriff’s Office, faces multiple charges in the shooting death of Sonya Massey. ‘We can’t have you in our uniform’Grayson worked at six Illinois law enforcement agencies over a four-year period. Then he started working full time with Auburn police, the Logan County Sheriff’s Office, and finally the Sangamon County Sheriff’s Office in May 2023. The union representing Illinois law enforcement officers said it will not challenge Grayson’s termination.
Persons: Sonya Massey, Sean Grayson’s, Grayson, Massey, , they’ve, , Christy Lopez, Obama, Lopez, “ It’s, ” Lopez, Sean Grayson, It’s, CNN Grayson, Daniel Fultz, Jack Campbell, ” “ Grayson, ” Campbell, ” Grayson, Campbell, Brian Grisham, Bryce Dubee, “ Sean P, Kincaid, KSHB, ” Grisham, Grayson “, Logan, admonishing Grayson, “ I’m, George Floyd, Derek Chauvin, Floyd, Chauvin, Michael Brown, Ferguson, , it’s, Barack Obama’s, ” Laurie Robinson, ” Decertification, Grisham, “ We’ve, Holly Yan, Bill Kirkos, Amanda Musa, Andy Rose, Chris Boyette, Brad Parks, Dakin Andone Organizations: CNN, Army, International Association of Chiefs, Police, Georgetown University, US Justice Department, Illinois, US Army, Department of Defense, Kincaid Police Department, KSHB, International Association of, DOD, Board, Auburn Police Department, Pawnee, Auburn police, Office, Auburn, Sangamon County Sheriff’s, of Police Labor Council, George Floyd Justice, Minneapolis Police, Internal Affairs, Ferguson Police Department, Justice Department, George Mason University, Peace, Yale Law, “ Police Locations: Illinois, Sangamon County, Sangamon, Fort Riley, Kansas, Macoupin, Logan, Logan County, Missouri, Ferguson, St, Louis County, , California , Massachusetts, Minnesota , Tennessee , New York , New Jersey, Texas
The "immediate cause of death" for D'Vontaye Mitchell, 43, was “restraint asphyxia and toxic effects of cocaine and methamphetamine,” according to a final report from the Milwaukee County Medical Examiner. Courtesy Brenda GilesHis final manner of death was ruled by the medical examiner to be homicide. On June 30, four security guards pinned Mitchell face down on the ground outside the downtown Hyatt Regency hotel. The medical examiner noted Mitchell was “restrained in prone position” by multiple individuals after using drugs. Police said a person had entered the business, “caused a disturbance” and “fought with security guards as they were escorting” him out.
Persons: D'Vontaye Mitchell, Brenda Giles, Mitchell, , , grunting, Ben Crump, George Floyd's, Crump, Mitchell's, Hyatt Organizations: Milwaukee County Medical, Police, ” Hotel, Hyatt, Milwaukee County Locations: Milwaukee, Hyatt Regency, Minneapolis
SAG HARBOR, N.Y. — Justin Timberlake appeared virtually at a Friday hearing for his driving while intoxicated case, where the judge announced the pop star's driver's license would be suspended and admonished his lawyer over "irresponsible" comments. The singer, 43, claimed he had just “one martini” before he was pulled over. He pleaded not guilty and his attorney, Edward Burke Jr., said in a statement at the time: “I look forward to vigorously defending Mr. Timberlake on these allegations. But once police spoke to Timberlake, they said, it was clear he was not in shape to drive, according to the complaint, written by Sag Harbor Village Police Officer Michael Arkinson. Timberlake struggled to walk heel-to-toe and stand on one foot without swaying or using arms to balance, the report said.
Persons: — Justin Timberlake, Timberlake, Edward Burke Jr, ” Timberlake, Michael Arkinson, ” Arkinson, , I’m, Danny Cevallos Organizations: BMW, Police, NBC, American Locations: N.Y, Sag Harbor , New York, Long, Florida, Madison Street, Sag Harbor
The U.S. Department of Justice is investigating complaints that Nvidia allegedly abused its market dominance in artificial intelligence chips, The Information reported. The DOJ has reached out to Nvidia's competitors such as AMD to gather information about the complaints, according to the report published on Thursday. Investigators are looking at whether Nvidia charges its customers higher prices for products if that customer wants to buy AI chips from rivals such as AMD, the report said. The DOJ is also looking at whether Nvidia has pressured customers to buy additional products such as cables that connect servers together, The Information reported. Nvidia and the DOJ were not immediately available for comment when contacted by CNBC.
Organizations: U.S . Department of Justice, Nvidia, DOJ, AMD, CNBC
China's ruling Communist Party has expelled Wang Yilin, former chairman and party secretary of state-owned China National Petroleum Corp, for discipline violations, state media said on Wednesday. China's ruling Communist Party has expelled Wang Yilin, former chairman and party secretary of state-owned China National Petroleum Corp, for discipline violations, state media said on Wednesday. He also accepted travel arranged by private entrepreneurs on multiple occasions, the report said. Wang's case will be transferred to prosecutors for investigation in accordance with the law, state media said. CNPC said in a statement late on Wednesday that it "firmly supports" the decision, adding that the ruling shows the Party's "zero-tolerance" stance on corruption.
Persons: China's, Wang Yilin, Wang, CNPC Organizations: Communist Party, China National Petroleum Corp, Reuters
AdvertisementYet when and how ICE agents use deadly force has long been shrouded in secrecy. ICE agents shot people in public places, such as traffic intersections and strip-mall parking lots. Yet in over half of the shootings we identified, ICE agents never made an arrest. But Ramos still became one of dozens of people on the receiving end of an ICE agent's deadly force. A significant number of the shootings documented in the logs happened while ICE agents were off-duty or in plain clothes.
Persons: Nemesia Martinez, wouldn't, Martinez, Gabino Ramos Hernandez, Ramos, Ramos wasn't, Soledad Ramos Hernandez, Ramos's, Soledad, Timothy Ivy, Donald Trump, We've, Ramos —, Chuck Wexler, haven't, Genia, Miguel Alvarez, Alvarez, Jake Driskell, Driskell, Phillip Causey, Causey, Laurel Police Department Ramos, gurney, Mario Bass, Bass, Prince William, Bryan Cox, Bradley Epley, Epley, Rueben Coray, Hector Santana, Santana, who'd, Othello Jones, Jones, Johnathan Liddell, Douglas, Ryan Leonard, Joe Biden, García Ramos, it's, they're, he'd, Leo Clemons, Doctors, Clemons, Ramos moans, wasn't, Bailey C, Martin, Prince William County, HSI, Chris Baroni, Ronaldo Gonzalez, Gonzalez, Baroni, Jerry Robinette, General, OPR, Gretta Goodwin, Robinette, doesn't, Goodwin, Tommy Cox, Donald Trump's, reining, Jennifer Chacón, Biden, Timothy Cerniglia, Cerniglia, Hernandez's, hasn't, Business Insider Ramos, He's, Loevy Organizations: Investigations, Business, Customs, Laurel, Facebook, ICE, Immigration, Homeland Security Investigations, New York City Police Department, Los Angeles Police Department, Department of Homeland Security, Police, Research, New, Immigrant Defense, DHS, Border Patrol, Laurel Police Department, Mississippi Bureau of Investigation, Nissan, Ramos, FBI, Justice Department, Denver, Phoenix, Border Protection, Maricopa County Attorney's Office, General's, Department of Justice, Force, Ohio State University Moritz College of Law, Mississippi Bureau of, MBI, Laurel Police, NBC, Sheriff's, ICE's Homeland Security Investigations, Scottsdale police, Howard Center, Investigative Journalism, Arizona State University, Attorney's, Federal Homeland Policy, Maricopa County DA, Firearms, ICE's, Homeland Security, Justice, DHS's Office, Army, Center, New American Security, Congress, Stanford Law School, Ohio State Law, Trump, White, GAO, Service, Biden's, Ohio State, Business Insider, Fund, Journalism Locations: Jackson, Laurel, Laurel , Mississippi, Woodbridge , Virginia, New York, Puebla, Mexico, Mississippi, United States, Arizona, Phoenix, Dumfries , Virginia, Nashville, Denver, arm's, Maricopa, Mesa , Arizona, Maricopa County, Lithia Springs , Georgia, Soledad, Metairie , Louisiana, Jefferson, Virginia, Scottsdale , Arizona, Scottsdale, Chula Vista , California, Washington , DC, Africa, New American, Oaxaca
Please.” It’s unclear whether the deputies who responded the next day knew about her mental health concern. On July 5, Massey and her mother, Donna Massey, called 911 at different times, according to Sangamon County records. In a news conference, Massey’s family and their attorney Ben Crump said she had mental health challenges. You can go get it but that’s a headshot.”Officers trained to recognize mental health crisesLaw enforcement experts tell CNN officers are trained in recognizing whether they are dealing with someone who might be experiencing a mental health crisis. The officers could have asked more questions to determine Massey’s mental state and asked whether she’s receiving social services before using deadly force, experts said.
Persons: Sonya Massey, Sean Grayson, Jack Campbell, Massey, Donna Massey, , Ben Crump, ” Crump, ” Massey, Breonna Taylor, Atatiana Jefferson, Crump, Massey’s, , Sonya Massey –, she’s, Vincent Alban, everybody’s, , Grayson, Jesus, ” Grayson, I’m, he’s, Steven Snodgrass, Grayson “, Dave Campbell, ” Grayson’s, ” CNN’s Eric Levenson, Bill Kirkos, Raja Razek, Sarah Dewberry, Brad Parks Organizations: CNN, New Mount Pilgrim Missionary Baptist Church, Reuters, , John’s, Massey, Authorities, Illinois State Police, International Association of Chiefs, Police, Virden Police, Auburn Police Department, Sangamon County Sheriff’s Office Locations: Illinois, Springfield, Sangamon County, Springfield Monday, Chicago , Illinois, St, Macoupin, Logan
For the first time, wind and solar generated more of the European Union's electricity than fossil fuels during the first half of the year. Wind and solar accounted for an all-time high of 30% of the region's energy needs, according to an analysis by the think tank Ember . In a separate report , Ember forecasted a global LNG supply glut by 2026 and a substantial drop in EU gas demand by 2030. But the rush to increase LNG exports from places like the US ignores the reality of rapidly declining gas demand in Europe, she added. Ember's report said that while it's unclear how swiftly fossil-fuel use will drop across Europe, a pipeline of solar and wind projects suggests this tipping point could be permanent.
Persons: it's, Chris Rosslowe, Ember, Sarah Brown, Brown, Rosslowe Organizations: Service, Business, US Energy Information Administration Locations: Europe, Russia, Ukraine, Canada, Germany, Spain, France, Netherlands, Belgium, Australia, Qatar, Asia
An infographic details the crash location of the US military V-22 Osprey aircraft near Japan's Yakushima island. Debris believed to be from a US military Osprey aircraft is seen in waters off the coast of Yakushima Island. Members of the Japanese Navy look through binoculars during a search operation after the CV-22 Osprey crash. The Air Force, alongside the other military services that fly the Osprey, grounded their V-22s shortly after the crash. The service said last month that only a handful of its aircraft were flying at Cannon Air Force Base in New Mexico.
Persons: , Military.com, Michael Conley, Conley, didn't, It's, , Jeffrey T, Eric V, Luke A, Terrell K, Zachary E, Jake M, Brian K, Johnson, Jake Galliher, Spendlove, Adm, Carl Chebi, Chebi, " Conley, we're Organizations: Service, Air Force, Business, Ospreys, Getty, Air Force Special Operations Command, NBC, Osprey, Japan Coast Guard, AP, Ministry of Defense, Tech, Staff, Pentagon, Cannon Air Force Base, The Air Force, Naval Air Systems Command Locations: Japan, Anadolu, Yakushima, Yakushima Island, New Mexico
Read previewTesla is fighting to keep its EV crown, and Chinese automakers are already challenging Elon Musk's company in one crucial area: Innovation. The Washington DC-based think tank found that Chinese EV companies are 30% faster when it comes to developing and releasing new car models than automakers in other regions, including Tesla. AdvertisementAdditionally, Chinese electric-car companies like BYD are pumping out more new EVs than US automakers, including Tesla, ITIF said. The Think Tank warned US carmakers would need to "double down on genuine technological innovation" if they wanted to continue to compete with Chinese companies. Musk's company has been facing mounting pressure from EV companies in China, including BYD, which has been vying with Tesla for the title of top EV seller .
Persons: , ITIF, Tesla, China's BYD, Li Auto, Musk Organizations: Service, Elon, Information Technology, Innovation Foundation, The Washington DC, EV, Business, BMW, Tesla, Reuters Locations: China
Market volatility in Dane County, Wisconsin, a largely Democratic, college-educated part of a solidly purple state, boosted its difficulty score to 78 on NBC News’ index. Average homebuying difficulty in the U.S. overall ranks at 84, up from 54 in 2020. At the Republican National Convention earlier this month, giant screens flashed comparisons of average mortgage rates under the Trump and Biden administrations. But one Gwinnett County resident said softer demand isn’t keeping him up at night. For house hunters in Gwinnett County, Scott said, “that would make life a lot better.”
Persons: Dane, They’ve, Donald Trump, Kamala Harris, Biden, , Lisa Scott, Scott, Mannie Marte, Marte, who’s, Harry Truman, Harris Organizations: Democratic, NBC, Republican National Convention, Trump, Biden, Gwinnett, Private, Getty, Phoenix, Voters, Federal, Commerce Department Locations: Dane County , Wisconsin, Wisconsin, Dane, U.S, Gwinnett County , Georgia, Lawrenceville, Duluth, Georgia, Gwinnett, Lilburn, Atlanta, Marte, Reno, Washoe County, Erie, Maricopa County , Arizona, Gwinnett County
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewA new high-profile report on US national defense acknowledged that the Pentagon could deplete its munitions within "three to four weeks" in a protracted war with China. Some important munitions, such as anti-ship missiles, could last only a few days, the commission warned. As an example, they cited a 2022 report from the Royal United Services Institute about the war in Ukraine. Defense industry 'grossly inadequate' even in peacetimeThe US commission warned that defense production as a whole is in bad shape, saying the wider industry doesn't have the capacity to meet national needs even in peacetime.
Persons: Organizations: Service, Business, Army, Democratic, Center for National American Security, Royal United Services Institute, Defense, Department Locations: China, Russia, Ukraine, United States, Donbas, Iran, North Korea
Sinead O’Connor, the Irish singer who shot to fame in the 1990s and was known for her activism, died at age 56 last July of chronic obstructive pulmonary disease and bronchial asthma, according to her death certificate. In January, a coroner in London said that Ms. O’Connor had died of “natural causes” but did not provide details. The police said at the time of Ms. O’Connor’s death that it was “not being treated as suspicious.”Ms. O’Connor’s death certificate, which was registered last week, filled in some gaps. The singer died of “exacerbation of chronic obstructive pulmonary disease and bronchial asthma together with low-grade lower respiratory-tract infection,” the report said. It was submitted by John Reynolds, Ms. O’Connor’s first husband.
Persons: Sinead O’Connor, O’Connor, Ms, O’Connor’s, , John Reynolds Locations: Irish, London
SharkNinja is a specialty appliance stock that stands out above its competitors, according to JPMorgan. The Wall Street bank reiterated its overweight investment rating on the company, which designs small home appliances such as vacuums or the popular CREAMi ice cream maker, and is scheduled to report earnings on Aug. 8. SharkNinja stock has soared 145% since debuting in the U.S. at $30.05 per share this time last year. SN YTD mountain SN YTD chart "We believe there are a number of factors driving recent underperformance (e.g., tariff risk, ocean freight spike, lateral from HELE results), although we think these risks are largely overstated for SN," the analyst wrote. The analyst also has high expectations for SharkNinja heading into the release of its second-quarter earnings results.
Persons: Andrea Teixeira, Teixeira, SharkNinja, — CNBC's Michael Bloom Organizations: JPMorgan, Management Locations: SharkNinja, Friday's, U.S, HELE
Apple is reportedly rolling out its new AI features, Apple Intelligence, later than expected. The delay aims to fix bugs and ensure the stability of Apple's AI features, Bloomberg reported. AdvertisementApple is reportedly rolling out its new AI features, Apple Intelligence, later than expected. The decision to split the two releases is reportedly intended to give the company more time to fix bugs. It's also partly due to concerns over the stability of Apple's AI features, the report said.
Persons: Organizations: Apple, Apple Intelligence, Bloomberg, Service, Business
Apple 's new artificial intelligence features will roll out in October, missing the initial launch of iPhone and iPad software updates, according to a Bloomberg report published Monday. The company split the Apple Intelligence features from the initial iOS launch due to concerns over their stability and need to run tests on a wider scale, the report said. Some of the promised Apple Intelligence features, such as ChatGPT integration and Siri improvements, are expected to be released later in the year. Apple plans to give developers early access to Apple Intelligence as soon as this week in the iOS 18.1 beta version, Bloomberg said. The company first announced Apple Intelligence on June 10.
Persons: Apple, Siri, Read Organizations: Apple, Bloomberg, Apple Intelligence
Of those, 18 had provided direct care to a total of 262 survivors of sexual violence, aged from 9 through 60. The RSF has also pillaged medical supplies, according to the report, and some fighters “have on occasion perpetrated acts of sexual violence” against healthcare providers. One healthcare provider recalled being told not to report instances of sexual violence to the UN. CNN has previously reported on the RSF’s campaign of killings, enslavement and sexual violence, conducted behind a curtain of secrecy. The report added that the UN Security Council should call on the warring parties to end sexual violence and impose targeted sanctions against the commanders and perpetrators responsible for the atrocities.
Persons: , Women ”, , , Laetitia Bader, shivering –, , HRW Organizations: CNN, Rapid Support Forces, Human Rights Watch, Sudanese Armed Forces, SAF, United Nations, Women, HRW, AFP, Getty, UN Locations: Sudan, Khartoum, Darfur, Sudan’s, Africa, Gedaref, AFP
Where inflation is the highest and lowest in America
  + stars: | 2024-07-28 | by ( Bryan Mena | ) edition.cnn.com   time to read: +8 min
The Honolulu metro area in Hawaii, meanwhile, saw the nation’s highest annual inflation rate in May, at 5.2%. Housing costs have therefore eased over the past year, tugging inflation overall much lower. Tight housing-market conditions are also plaguing New York, which at one point boasted the lowest inflation rate in the country. Housing costs make up about a third of the Labor Department’s CPI, a closely watched inflation gauge. Inflation is down substantially from the 40-year highs of two years ago, but housing costs have remained stubbornly elevated.
Persons: , Barbara Denham, Brian Adcock, Willy Nunn, homebuilding, Adcock, , Jane Castor, it’s, homebuilders, Carl Bonham, Mengshin Lin, Roseann Freitas, ” Freitas, Freitas, Josh Green Organizations: Washington CNN, Consumer, Nationwide, Aloha State, Oxford, Labor Department’s CPI, Federal, Boomers, Tampa Bay Chamber, Miami, Tampa, Homes, CNN, ” Tampa, Urban, University of Hawaii, Washington Post, Building Industry Association of Hawaii Locations: The Tampa, St, Petersburg, Clearwater, Florida, Honolulu, Hawaii, Tampa Bay, homebuilding, Houston , Minneapolis, Denver, Central Florida, New York, Tampa The Tampa, Tampa, Hillsborough County, Pasco County, Miami, , Urban Hawaii, Lahaina , Hawaii, Lahaina
He also failed to obey a command while working for another sheriff’s office in Illinois and was told he needed “high stress decision making classes,” the agency’s documents reveal. Bodycam footage from another deputy showed Massey saying she rebuked Grayson, and Grayson responded by threatening the 36-year-old. In May 2022, Grayson started working at the Logan County Sheriff’s Office in Illinois, records show. Then he started working full-time with Auburn police, the Logan County Sheriff’s Office, and finally the Sangamon County Sheriff’s Office in May 2023. He resigned from the Logan County Sheriff’s Office in April 2023.
Persons: Sean Grayson, Sonya Massey, Grayson, Massey, Breonna Taylor, Atatiana Jefferson, Massey “, Ben Crump, Daniel Fultz, ” Grayson, DUIs, Crump, Bryce Dubee, “ Sean P, KSHB, Kincaid, , Grayson “, ” “, Jack Campbell, “ Sonya Massey, ” Campbell, “ Grayson, , Malachi, ” Malachi, Jesus, ” Massey, Massey’s, Brad Parks, Natasha Bertrand, Emma Tucker, Eric Levenson Organizations: CNN, Army, Department of Defense, Kincaid Police Department, KSHB, Auburn Police Department, Pawnee, Auburn police, Office, Auburn, Massey Locations: Illinois, Sangamon County, Fort Riley, Kansas, Macoupin, Logan, Lincoln, Logan County, Sangamon County –, Massey
A Thursday report from Zillow indicates that a typical starter home is now worth $1 million or more in 237 cities, up from 84 cities in 2019, underscoring America’s ongoing home affordability crisis. “We see the largest number of million-dollar starter homes in expensive coastal markets. To further complicate things for first-time buyers, the value of starter homes has grown at a faster pace than the average home. According to Zillow, starter home values have grown 54.1% over the past five years, while the average US home has increased by 49.1%. The nationwide average price tag for a starter home is $196,611, according to Zillow.
Persons: underscoring, ” Orphe, , It’s, homebuyer, Zillow, Jeffrey Jenkins, Divounguy, “ That’s, , Lawrence Yun Organizations: CNN, Gallup, National Association of Realtors, University of Southern Locations: Zillow, California , New York, New Jersey, University of Southern California, United States
Chuo Ward, Tokyo, Japan - February 23, 2018; Top luxury shopping streets with multi colored neon signs. For the first half of the year, luxury group LVMH this week reported " exceptional growth in Japan arising in particular from purchases made by Chinese travelers." SHANGHAI — Luxury brands are seeing a surge in sales in Japan, largely driven by purchases from Chinese travelers taking advantage of a weak yen, according to earnings results this month. The income segment covers families in mainland China earning at least 30,000 yuan a month ($4,140, or about $50,000 a year). besides Hong Kong, across most luxury brands."
Persons: Yves, Yves Saint Laurent, Trip.com, Xiao Hong Shu, netizen, Oliver Wyman, Louis Organizations: Yves Saint, Burberry, U.S, Federal Reserve, Bank of Japan, South, Japan National Tourism Organization, CNBC Locations: Chuo Ward, Tokyo, Japan, Ginza, China, Southeast Asia, SHANGHAI, South Korea, Weibo, Sapporo, Hong Kong, Malaysia, France, Asia
CNN —Germany’s busiest airport temporarily suspended flights on Thursday after climate activists glued themselves to the tarmac in a protest against the use of fossil fuels. Climate activist group Letzte Generation, or “Last Generation,” posted videos and photos on X that appeared to show its members on the tarmac. Gas and coal are threatening our existence,” Letzte Generation said on X.CNN has reached out to Frankfurt police for comment. On Wednesday, Letzte Generation members glued their hands to the tarmac at Germany’s Cologne-Bonn airport. Oil Kills said a further nine people blocked security gates at Helsinki airport in Finland, also causing disruption to passengers.
Persons: , Oil Kills Organizations: CNN, , Oil, Letzte, Germany’s Cologne, Norwegian Government Locations: Germany, Frankfurt, Europe, Bonn, Norway, Oslo, Norwegian, Spain, Barcelona, Helsinki, Finland
AdvertisementETF enthusiasmInstead of single stocks, clients across the board are putting their money into ETFs. Bank of AmericaEven though clients sold off individual small-cap stocks, they're not shying away from that size segment of the market at all. Clients invested more money in small-cap ETFs than large-cap ones, providing small-caps with the biggest boost since May of this year. Similarly, while individual tech stocks experienced a sell-off, tech ETFs saw the largest capital inflow out of all sectors last week. Small-cap ETFs include Vanguard Small-Cap Index (VSCIX) and Invesco S&P SmallCap 600 Revenue ETF (RWJ).
Persons: , Jill Carey, Goldman Sachs Organizations: Service, Bank of America's, Bank of America, Equity, Business, JPMorgan, Citigroup, Big Tech, Health, Bank of America Investors, Communication, Fidelity MSCI Information Tech, NYSE Technology, Vanguard Infomation Technology, Vanguard
About 10,000 athletes, a record 8.6 million tickets sold and billions of television viewers worldwide: That's the Olympics, and they are set to start on Friday in Paris. Since the 1960s, every city hosting the Olympics exceeded its initial budget by a large margin, according to an Oxford University study. Spending at the 2024 Paris Olympics is expected to come in at under $10 billion — only about 25% over the initial budget, according to an S&P Global Ratings report. About 95% of the venues slated for use during the Paris Olympics existed prior to the city's winning bid to host the Games, according to the S&P Global Ratings report. Watch the video to learn more about how Paris is poised to pull off one of the cheapest Olympics in modern history.
Organizations: Oxford University, Aquatics Locations: Paris, Rio de Janeiro, Tokyo
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