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☆ Cramer's Lightning Round: Duke Energy is "very solid"
▼ + stars: | 2023-07-12 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

Stock Chart Icon Stock chart icon International Paper's year-to-date stock performance. Stock Chart Icon Stock chart icon Paramount's year-to-date stock performance. Stock Chart Icon Stock chart icon Clean Harbors' year-to-date stock performance. Stock Chart Icon Stock chart icon Duke Energy's year-to-date stock performance. Stock Chart Icon Stock chart icon Ares Capital's year-to-date stock performance.

Persons: I've, Lina Kahn, Duke Energy's, Duke's, Tom Siebel, Ares Organizations: Paramount, FTC, Duke Energy, Duke, Mad, Ares Locations: Turkey

☆ How 'Birkin Bandit' George Mickum Infiltrated NYC Society
▼ + stars: | 2023-07-12 | by ( Kate Taylor | Anna Silman | ) www.businessinsider.com time to read: +52 min

"He would know people's weaknesses and what they wanted and somehow always have something to offer," a former close friend said. Another close friend said Mickum once gave her a $1,000 loan "within minutes" when she needed it because of a credit-card crisis. He never "let the truth get in the way of a good story," a former close friend said. Hermès bags, like the Birkin and the Kelly, have always been symbols of unattainable luxury. There wasn't even a dust bag; Mickum claimed his mom's assistant would drop it off later.

Persons: George Mickum strode, Carlyle, Patty Hearst, He'd, Mickum, Birkin, swilling, Patty's, Gillian Hearst, Mr, George Mickum, Gillian Hearst's, George, Sally Painter, who'd, Peter Davis, Jackie O, Barbara Walters, Alessia Fendi, influencer Hannah Stella, Nick Hissom, Steve Wynn, Hearst, they'd, Prince Charles, Anna Delvey, Patty Hearst's, Rumor, he'd, wasn't, Met Breuer, Peter Poopat, George Santos, Trinity, Elisabeth Thieriot, Thieriot, Hermes, —, Painter, Paul Mickum, George Mickum III, Sally, Painter's, Poopat, PJ Pascual, Patrick McMullan, Ramona Singer, Lauren Lawrence, Lawrence, Van Cleef, Nicole Salmasi, Trudy, Mike Vitelli, Eric Schmidt, Schmidt, Eric, R, Couri Hay, They're, Astor, William Randolph Hearst, Orson Welles, Kane, Gillian's, Bill Clinton, Patty, Bernard Shaw, Gillian, Lydia —, Shaw, Maxim, Lydia, Kane we're, Christian Simonds, Pierre, Krista Corl, Dee Dee, Scott Buccheit, Naeem Delbridge, Pascual, who's, We're, buttering, Simonds, Matthew Kehoe, England, — Hearst, Delbridge, Hearst's, Mario Glen Coco, Hearsts, Astrid Stawiarz, Tiger Woods, Ernie Els, Justin Timberlake, Joe Lewis, Buccheit, Mary McCarthy, Lillian Hellman, Mickum's, Christie Grimm, Steve, Kameron Ramirez, Hissom, Ramirez, Nick, Hunt, Damien Hirst, Douglas Elliman, Harry Winston, David Fiszel, invitees, Fiszel, Darian, Winston, Martha Stewart's, Mendel minks, Vacheron Constantin, Tao, Melinda French Gates, Shawn Mendes, Bill, Hillary Clinton, Neiman Marcus, Damien Hirst's, Damien, weren't, Kelly, Alexis Clarbour, Clarbour, Paul Wharton, you've, Wharton, Sean Zanni, Michael Coste, Hannah Stella, Coste's, Stella, Scott Fitzgerald, Coste, Goodman, Courroies Birkin, didn't, Aman, Cartier, Mickum's bluster, skeptically, satchel, Clarbour's, He's, We've, Sider, Philippe, Buccheit texted Pascual, he's, Hay, Café Carlyle, Alexander Hankin, Burisma, Hunter Biden, Mickum hasn't, There's, They've, Amy X, Wang, King Charles, Tracey Amon, Amon, GEORGE MICKUM Organizations: Hearst, Blue, Potomac, Hamptons, East, Met, University of Delaware, Southampton Bathing Corporation, Fields School, Georgetown Law, DC, Town &, New York Daily News, The New York Times, Google, Carnegie, Rockefeller, Cosmopolitan, Symbionese Liberation Army, Hearst Corporation, Vogue, Society of Memorial Sloan Kettering, Stockbridge Golf, New, Tiger, Tottenham, Douglas, Martha Stewart's Hamptons, Mickum, Projects, Madison, Getty, Antibes, Nike, Rue du Faubourg Saint, Couture, US, UN, New Yorkers, Avenue Couture, Hermès, Republican, Justice Department, Blue Star, Town, New York Times Magazine Locations: Bemelmans, Clinton, York, Palm, New, London, Manhattan, Dalton, Bay, Windsor Castle, Haute, Washington , DC, New York, Baccarat, The, San Francisco, Wilton , Connecticut, Side, Wyntoon, California, Buccheit, woodsy Stockbridge , Massachusetts, Stockbridge, Bahamas, Albany, Nobu, Martha, Peking, Paris, Istanbul, St, Georgetown, China, Italy, Hermès, Amalfi Coast, du, Midtown, brunch, Rue, Central Park, Mickum, Turkey, La, Café, Ukrainian, Ukraine

☆ Preferred securities are yielding nearly 7%. After a turbulent first half, here's why it may be time to jump in
▼ + stars: | 2023-07-06 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

After a rocky first half of the year, it may be a good time to buy preferred securities. The ICE BofA Fixed Rate Preferred Securities index, which tracks the performance of fixed-rate preferred securities, has a yield-to-worst of 6.7%. While many preferreds have fixed rates, some have floating rates or fixed-to-floating rates that switch from fixed to floating after a certain period of time. In 2022, the ICE BofA Fixed Rate Preferred Securities index lost 19%. Its top-rated funds include Global X US Preferred ETF and iShares Preferred & Income Securities ETF.

Persons: Leslie Falconio, Michael Youngworth, Youngworth, Falconio, Bonds, JR Humphreys, Humphreys, Humphrey, America's Youngworth, CNBC's Michael Bloom Organizations: Treasury, Federal Reserve, UBS, BofA Securities, Securities, Brock Investment Advisors, ICE, JPMorgan, American Equity Investment, Western Alliance, Bank, America's, preferreds . Bank of America, Global, US, iShares, Income Securities Locations: preferreds, preferreds .

☆ Players face 'mental torture' at Wimbledon, says sports psychologist
▼ + stars: | 2023-06-30 | by ( Martyn Herman | ) www.reuters.com time to read: +3 min

The All England Club's lawns will be the focus of the tennis world over the next fortnight as the world's leading players battle opponents and often their own psychological demons. UNIQUE CHALLENGES"There are a number of unique challenges elite tennis players have to face. Tennis players probably are only playing tennis for about 10 minutes of every hour they're on court," she said. Considering how much expectation he has shouldered at Wimbledon down the years, the 36-year-old has coped admirably, according to Mobed. "He is a fantastic example of someone that has worked so hard to uncover his mental strength," she said.

Persons: Toby Melville LONDON, Jana Novotna, Steffi Graf, Serena Williams, Czech Karolina Pliskova, Gaston Gaudio, Guillermo Coria, Gaudio, Katie Mobed, Novak Djokovic, Elena Rybakina, Andy Murray, Martyn Herman, Ken Ferris Organizations: Lawn Tennis, Croquet Club, Wimbledon REUTERS, Tennis, Wimbledon, Czech, Thomson Locations: London, Britain, England, British

☆ Jim Cramer's guide to investing: Never buy all at once
▼ + stars: | 2023-06-29 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

With that strategy, you're better protected if the price goes lower or if something should go wrong at the company. "When you buy all at once, you're basically declaring that the stock absolutely won't go any lower," Cramer said. For example, Zoom , a Wall Street favorite during the Covid-19 pandemic, plunged from a $588 high in October 2020 to the mid-seventies less than two years later. But Cramer said the distinction between a damaged stock and a damaged company can be difficult to discern, and at the end of the day, "you never really know." "Never buy a position all at once because what you think is merely a damaged stock might turn out to be a damaged company.

Persons: CNBC's Jim Cramer, Cramer, Cisco — Organizations: CNBC's Charitable Trust, Microsoft, Google, Cisco Locations: Washington

☆ Cramer's Lightning Round: Get rid of ADT
▼ + stars: | 2023-06-22 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

Stock Chart Icon Stock chart icon Cummins' year-to-date stock portfolio. Stock Chart Icon Stock chart icon Simon Property Group's year-to-date stock performance. Stock Chart Icon Stock chart icon ADT's year-to-date stock performance. Stock Chart Icon Stock chart icon Abbvie's year-to-date stock performance. Stock Chart Icon Stock chart icon Evergy's year-to-date stock performance.

Persons: Cummins, Simon, it's, Abbvie's, Marten Transport's, Marten, I've, Jim Cramer's Organizations: Cummins, Simon Property, Realty, 3M, Trucking, Energy Solutions, Atlas Energy Solutions

☆ Legendary emerging markets investor Mark Mobius — who's known for his bullish views on China — is now setting his sights on India
▼ + stars: | 2023-06-21 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Legendary emerging markets investor Mark Mobius is bullish on India. He told Bloomberg that India — whose GDP growth hit 7.2% in the last year — is the "real future." "To me, India is the real future," Mobius, the cofounder of Mobius Capital Partners, told Bloomberg on Tuesday. Mobius told the news outlet he wasn't put off by a short-seller report targeting the Adani conglomerate earlier this year. "I was at the Expo in Dubai and one of the boy bands was entertaining and it's an Arab audience and they all knew the words," Mobius told Bloomberg.

Persons: Mark Mobius, He's, —, China, Mobius, wasn't, he's wasn't Organizations: Bloomberg, India, Service, Mobius Capital Partners, Fox Business, HSBC, South China Morning Post Locations: India, Korea, China, Taiwan, Beijing, Shanghai, Dubai

☆ Cramer's Lightning Round: Gold is great, stick with Franco-Nevada
▼ + stars: | 2023-06-01 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon MP Materials' year-to-date stock performance. MP Materials : "Oh, MP Materials. Stock Chart Icon Stock chart icon American Express' year-to-date stock performance. Stock Chart Icon Stock chart icon Franco-Nevada's year-to-date stock performance. Stock Chart Icon Stock chart icon Clearfield's year-to-date stock performance.

Persons: they're, it's, there's, Franco, Jim Cramer's Organizations: Express, American Locations: Nevada, Clearfield

☆ Wharton professor Jeremy Siegel doesn't see the mania around AI stocks as a bubble - and says it's impossible to predict where they'll peak
▼ + stars: | 2023-05-30 | by ( Zinya Salfiti | ) www.businessinsider.com time to read: +2 min

The mania around AI stocks isn't a bubble, Wharton professor Jeremy Siegel told CNBC. While these tech stocks may be overvalued long term, no one can predict where they'll peak, he said. He contrasted current AI boom with the dot-com bubble of the 1990s where there were "tremendous valuations from companies that had no earnings." Siegel added that he thinks the S&P 500 could come out a winner from the banking turmoil that unfolded over the past few months because these mega-cap stocks have credit availability. "The problem is, if the credit conditions slow the whole economy, then there's going to be a slowdown in spending that can affect everybody — even though they have credit availability and liquidity in those stocks," Siegel added.

Persons: Wharton, Jeremy Siegel, —, Jeremy Siegel doesn't, Siegel Organizations: CNBC, Nvidia, Service, Microsoft, Apple, Silicon Valley Bank Locations: Silicon

☆ Remote work is 'bullshit,' says real-estate billionaire Sam Zell, to cheers from fellow execs who profit from offices
▼ + stars: | 2023-04-23 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +4 min

Sam Zell said at a conference last week that remote work is "a bunch of bullshit." Office doomers abound, but real estate professionals t hink they just don't get it. Sam Zell, the notorious "Grave Dancer" of commercial real estate known for his salty tongue, is always happy to have a platform. He was in a cheeky mood, at least when the conversation turned to today's third-rail of commercial real estate: office properties abandoned by remote workers. The trend and dire outlook had real estate giant Brookfield defaulting on a loan tied to offices this month for the second time this year.

☆ Inside the Wild World of Celebrity Keynote Speakers: Drugs, Alcohol
▼ + stars: | 2023-04-23 | by ( David Kushner | ) www.businessinsider.com time to read: +31 min

"I never saw myself as a speaker, let alone a motivational speaker," Leonard tells me while his assistant irons his jeans. 'When I ramble," Hunter told me, "hit me in the leg!" Every plane had been grounded, including the one stuck on the tarmac with an increasingly inebriated Hunter Thompson trapped inside. But by far the most all-consuming task was booking gigs for Hunter Thompson. Just before a debate with G. Gordon Liddy at Brown University, Hunter demanded that Betsy Berg, whom I now worked alongside at GTN, score him some crystal meth.

☆ Cramer's First Take: Travelers is a very good company and should be on the radar screen
▼ + stars: | 2023-04-19 | 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 EmailCramer's First Take: Travelers is a very good company and should be on the radar screenCNBC’s Jim Cramer shares his thoughts on the latest earnings reports.

☆ Cramer: Here's why I plan to trim some stocks at this stage of the bull market
▼ + stars: | 2023-04-02 | by ( Jim Cramer | ) www.cnbc.com time to read: +17 min

Back when bulls were everywhere From the time the great bull market began in 1982 until the financial collapse of 2007, we pretty much assumed stocks would always go higher. We often forget what the Great Recession of 2007 to 2009 was all about. A runaway bull market in all but banks — which are actually fueling the rally with their own ineptitude. My closing take, though, is that we have at last shaken off the ghosts of the Great Recession. But accept we are in a bull market and recognize that those who don't know it yet never will.

☆ BoE will struggle to keep calm and carry on hiking
▼ + stars: | 2023-03-23 | by ( ) www.reuters.com time to read: +1 min

Stung by persistently high inflation, the Bank of England extended its run of interest rate increases to 11, bringing the base rate to 4.25%. Even the Swiss National Bank lifted its benchmark rate by 50 basis points on Thursday, four days after seeing Credit Suisse (CSGN.S) collapse into UBS’s (UBSG.S) arms. The BoE expects inflation to drop below its 2% target by June next year. But with GDP set to contract in 2023 and 2024, Bailey doesn’t have that much room to add to his rate-hiking run. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Bank stocks plunge after implosions at Silicon Valley Bank and Silvergate Capital send 'shock waves' through the sector
▼ + stars: | 2023-03-09 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Bank stocks plunged on Thursday as investors assessed the potential fallout from the implosions of Silicon Valley Bank and Silvergate Capital. SVB Financial surprised investors with lowered guidance, a $2.3 billion capital raise, and a massive $1.8 billion loss from its bond portfolio. "Part of the problem is Silicon Valley [Bank] had been telling investors up until a couple weeks ago that their guidance was intact. Piling onto the mess in the banking sector on Thursday is the development that crypto-oriented bank Silvergate Capital would wind down its operations. NYSE senior market strategist Michael Reinking shared similar sentiments, telling Insider that the sharp decline at Silicon Valley Bank was "sending shock waves through the financials."

☆ A New York City Airbnb has nearly $1M in fines. It hasn't paid any of them, new Bloomberg report says
▼ + stars: | 2023-03-05 | by ( Aidan Pollard | ) www.businessinsider.com time to read: +4 min

An Aribnb in Queens has accumulated nearly $1M in fines, according to Bloomberg. A New York City law that goes into effect this spring aims to crack down on illegal listings. The homeowner still hasn't paid those fines, Bloomberg reported. For Airbnb and many of its short-term rental hosts, the rules pose a threat to the bottom line. But, even with a large portion of problematic listings and a growing pile of fines, experts say Airbnb hosts can't hide from regulations forever.

In a room full of executives in the sports or gambling industries, she's often one of very few women. But Howe has the spotlight, and a megaphone, as the chief executive of the nation's market leader in sports betting. But in many conversations — off the stage and behind the scenes — it's clear Howe stands as a role model to other women in sports and gambling. "We're working to make sure that we're not just hiring [women], but we're finding them, we're training them, we're providing opportunities for women. Jessica Gelman, who co-founded the MIT Sloan conference, is the CEO of Kraft Analytics Group, a company that provides sports analytics to teams like the New England Patriots.

☆ A generation of high-profile women tech leaders have stepped aside. What’s next?
▼ + stars: | 2023-02-24 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +7 min

The tech industry has now lost an entire generation of trailblazing women leaders and replaced them mostly with men. And in the wake of the pandemic, women leaders in corporate America more broadly are more likely than ever to quit, according to the most recent Women in the Workplace report from McKinsey & Company and LeanIn.Org. Now that she’s departing, Big Tech is facing a new reckoning over its failure to promote and support women leaders, and what this could mean for the next generation of women in the industry. “Without women in the C-suite who have come before them, it could make this transition period tougher for next generation women leaders,” Kray said. “I think that what she achieved and what she modeled will be something that will live on beyond the fact that now we don’t have a female Big Tech CEO.”

☆ Microsoft cofounder Bill Gates says the rise of AI poses a threat to Google's search engine profit
▼ + stars: | 2023-02-22 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Bill Gates said in a podcast Google's search engine profits could fall as Microsoft moves into AI. Gates said AI is the "biggest thing in this decade" and could reshuffle the tech space. Microsoft unveiled an AI-powered Bing in a challenge to Google's search engine dominance. His comments came two weeks after Microsoft unveiled an AI-powered version of its Bing search engine, which pits itself as a challenger to Google's dominance in the search space. Just as Microsoft launched Bing, Alphabet — Google's parent company — also unveiled an AI service called Bard.

☆ Time Is Zooming By. Four Ways You Can Slow It Down
▼ + stars: | 2023-02-21 | by ( Elizabeth Bernstein | ) www.wsj.com time to read: 1 min

Feel like time is moving faster than ever? You’re in good company. Stanford University behavioral scientist Jennifer Aaker was walking her dog with her father recently when she stopped suddenly. She told her dad that she had to turn back because she had work to do. The pair was four minutes into their daily stroll.

☆ M.D. Sass is betting big on these out-of-favor stocks, expecting growth, recession or not
▼ + stars: | 2023-02-18 | by ( Christina Cheddar Berk | ) www.cnbc.com time to read: +6 min

"Myself and the team really did a lot of introspection," Sass recalled, in an interview with CNBC. Sass Concentrated Value portfolio, which the younger Sass manages. By limiting the number of stocks, Sass said he can do extensive due diligence and research into each of the companies it owns. The goal is to find value in underappreciated companies that are in the midst of a transformation that will accelerate growth and ultimately lead to a boost in a stock's value. 'Digging under rocks' To place his bets, you won't see Sass looking strictly at a stock's price-to-earnings multiple.

☆ Allianz swings to Q4 net profit, bounces back from U.S. funds debacle
▼ + stars: | 2023-02-17 | by ( ) www.cnbc.com time to read: +1 min

Germany's Allianz on Friday swung to a fourth-quarter net profit, marking a return to the black after taking big charges a year earlier for a U.S. funds scandal. Net profit attributable to shareholders of 2.007 billion euros ($2.13 billion) in the three months through December compares with a loss of 292 million euros a year earlier. Analysts had expected a net profit of 2.034 billion euros. "We just run a very, very good company," Allianz CEO Oliver Bäte told CNBC on "Squawk Box Europe" Friday. Bäte also highlighted that the interest rate environment is "really good" for the bank and that Allianz would be making the most of that.

☆ Rise in Canadian shareholder activism faces test next month with new rules in place
▼ + stars: | 2023-02-12 | by ( Maiya Keidan | ) www.reuters.com time to read: +4 min

The country has lagged the rising trend of activism seen globally, but that could be about to change, lawyers say. Some 53 Canadian companies faced activism campaigns in 2022, a 17.8% rise over the previous year, compared with a 10.6% rise in the U.S to 511, showed data from Insightia, a Diligent brand. Previously, shareholders could only vote 'for' a candidate or 'withhold' their vote, meaning a majority was not legally a necessity. While not enshrined in law, majority voting was often adopted by companies in their policy, prior to the change. And oil and mining companies could continue to be the sector that faces activism, say market participants.

☆ Cramer's lighting round: Teck Resources is a buy
▼ + stars: | 2023-01-23 | by ( Krystal Hur | ) www.cnbc.com time to read: 1 min

Loading chart...Paysafe Ltd : "It is a good company. I bless that for a trade to $25." Loading chart...Teck Resources Ltd : "I am going to bless it." Loading chart...R1 RCM Holdco Inc : "I like your choice." Loading chart...Iridium Communications Inc : "I'm not as inclined to buy the stock up here."

☆ Column: Model no more? Turkey's energy transition reversed in 2022: Maguire
▼ + stars: | 2023-01-19 | by ( Gavin Maguire | Thomson Reuters | Gavin Maguire Is The Global Energy Transition Columnist. He Was Previously Asia Commodities | ) www.reuters.com time to read: +6 min

As Turkey's overall coal imports grew by only 8.8% in 2022, the surge in Russian purchases came at the expense of other suppliers such as Colombia and Australia. In contrast, Turkey's electricity generation from solar and wind averaged 16% in 2022, meaning that an overwhelming majority of power was generated from other sources. Share of electricity from solar + wind in Turkey, Germany & SpainAn additional 22% of Turkey's electricity came from hydro facilities in 2022, which provided valuable dispatchable clean power for utilities. Yet solar and wind supplies come with the headache of intermittency, when power generation totals slump at night and during cloudy or windless days. Until 2022, Turkey had been on a path to use cleaner-burning natural gas as that main source of baseload supply, with plans to phase out high-polluting coal use over time.

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