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Jeffrey Gundlach compared the AI-fueled boom in stocks to the dot-com bubble. DoubleLine Capital's billionaire CEO predicted sticky inflation and an economic slump. Two other market gurus, Bill Gross and John Hussman, warned of extreme stock valuations this week. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementJeffrey Gundlach has warned the AI-crazed stock market reminds him of the dot-com bubble — and predicted a painful mix of stubborn inflation and economic decline lies ahead.
Persons: Jeffrey Gundlach, Bill Gross, John Hussman, Organizations: Service, Nasdaq, Business
Gunmen who opened fire at a Moscow concert hall killed more than 60 people and wounded over 100 while sparking an inferno, authorities said on March 23, 2024, with the Islamic State group claiming responsibility. The prosecutor's office said several men in combat fatigues entered the concert hall and fired on concertgoers. Working to extinguish the blaze continues at Crocus City Hall concert venue near Moscow, Russia after reports of a shooting incident on March 23, 2024. Working to extinguish the blaze continues at Crocus City Hall concert venue near Moscow, Russia after reports of a shooting incident on March 23, 2024. An injured woman is transported to an ambulance near the Crocus City Hall concert venue following a reported shooting incident, near Moscow, Russia.
Persons: Stringer, Vladimir Putin, Sergei Sobyanin, Putin, fatigues, Ali Cura, Dave Primov, Primov, Aymenn Jawad, Dmitry Medvedev, Mykhailo Podolyak, Volodymyr Zelenskyy, John Kirby, Maksim Blinov Organizations: Crocus City, Gunmen, Islamic, Afp, Getty, Associated Press, Moscow, Health, Crocus City Hall, Anadolu, Russian, U.S, AP, Soviet Union, Russia's Security, White House National Security Council, Embassy, Sputnik Locations: Russian, Crocus, Krasnogorsk, Moscow, U.S, Afghanistan, Russia, Ukraine, Moscow's, Sinai, Egypt, Syria, Iraq, Africa, Soviet, Islamic State, Kaluga, Ingushetia, Russia's Caucasus
Last June, storied investor Sequoia Capital announced it was to split itself into three separate entities. Sequoia Capital would look after the US and Europe; Peak XV Partners would manage its investments in India; and HongShan Capital would be based in China. The emergence of HongShan as an active investor in Europe would result in the firm "competing with former family," one source said. The expansion could be aimed at attracting businesses that target the Chinese market or companies set up by Chinese entrepreneurs away from home, the FT said, citing sources who had spoken with Shen. HongShan Capital's most recent fund includes LPs such as CalPERS, the University of Texas Investment Management Company, and the University of Washington endowment.
Persons: HongShan, Neil Shen, Shen Organizations: Sequoia Capital, YouTube, Sequoia, Partners, HongShan, Business, United, Strategic, University of Texas Investment Management Company, University of Washington Locations: China, Europe, India, London, Singapore, Asia
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewLago, a French startup that offers open-source billing software, has raised $22 million. Founded in 2021, Lago utilizes the open-source community to help businesses like Mistral, Together AI, and Swan manage their payments and billing needs. AdvertisementIn addition, Lago, which has around 30% of its business in the US, will begin to scale out its offering outside of Europe. Lago believes its flexibility around infrastructure will help it win more clients globally as businesses look to create more customizable revenue stacks.
Persons: , Lago, Swan, Matt Turck, Chuong, Turck Organizations: Service, Business, FirstMark, New Locations: Paris, Lago, Europe
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmericans should want TikTok in U.S. hands, says Lux Capital's Josh WolfeJosh Wolfe, Lux Capital co-founder, joins 'Closing Bell Overtime' to talk possible buyers for TikTok as the app faces a possible ban from the U.S. government.
Persons: Lux, Josh Wolfe Josh Wolfe Organizations: Lux Capital, TikTok, U.S .
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNvidia has 'remarkably high' standards to beat ahead, says Harbor Capital's Jake SchurmeierJake Schurmeier, Harbor Capital Advisors portfolio manager, joins 'The Exchange' to discuss the future outlook on Nvidia's stock, whether tech stocks may represent a bubble, and more.
Persons: Jake Schurmeier Jake Schurmeier Organizations: Nvidia, Harbor Capital Advisors
People walk along Waterloo Bridge past the City of London skyline, the capital's financial district, on a sunny and mild day. LONDON — U.K. gross domestic product grew 0.2% in January, the Office for National Statistics said Wednesday, as construction output jumped unexpectedly. It follows a 0.1% contraction in December, while the U.K. economy entered a shallow recession in the second half of last year. Construction output was 1.1% higher in January, the ONS said, but fell 0.9% over a three-month period. Services recorded 0.2% growth in January, providing the biggest contribution to growth, as production output fell 0.2%.
Organizations: LONDON, National Statistics, Reuters, Services Locations: London, U.K
He's launched a new company, Foundation Health, to help them do that quickly and at a low cost. Foundation aims to make it easy for insurers to set up their own online pharmacies and pharma companies to sell drugs directly to consumers. "The main focus area for us is to help health plans disintermediate PBMs," Afridi said. Foundation Health wants to help customers ditch big PBMsFoundation's software enables a few different things. Finally, direct-to-consumer health companies can plug into Foundation's technology to power their services, instead of building their own pharmacies and hiring doctors.
Persons: Umar Afridi, disruptors, Afridi, He's, disintermediate, Garry Tan, Y, they've, pocketing, Eli Lilly's, Jack Altman Organizations: California, Cuban, Plus, Business, Foundation Health, Foundation, pharma, Alt, Liquid Ventures, Exceptional, Storm Ventures, PageOne Ventures, Federal Trade Commission Locations: drugmakers
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailArjuna Capital's racial and gender pay scorecard: Starbucks and Target get perfect scoresNatasha Lamb, Arjuna Capital CIO, joins 'Money Movers' to discuss how the company collects its data for its racial and gender pay scorecard, whether pay equality measures are a function of how many senior positions are held by diverse candidates, and more.
Persons: Arjuna, Natasha Lamb Organizations: Starbucks, Target, Arjuna Capital
At a referendum in Paris last month, almost 55% voted in favor of a specific parking rate for sports utility vehicles (SUVs) for non-residents. The higher charges will apply to SUVs weighing more than 1.6 metric tons that are hybrid or have a combustion engine, as well as electric SUVs weighing over 2 metric tons. According to Jens Müller, deputy director and head of policy and research at the Clean Cities campaign group, "what happens in Paris usually doesn't stay in Paris." Its plans to introduce higher parking charges for heavier vehicles which is due to come into force next June. It's a nod to the fact that pollution isn't the only potential issue with SUVs, with space and safety also of concern.
Persons: it's, Jens Müller, Paris Mayor Anne Hidalgo, Edmund King, Belit Onay Organizations: Anadolu, Getty, Clean Cities, CNBC, Paris Mayor, International Energy Agency, Times, Lyon, Grenoble, Transport, Environment, Vias Institute Locations: Paris, France, Europe, Bordeaux, Germany, Tübingen, Hanover, 200cm, Belgium
Cramer's Lightning Round: GE HealthCare can go higher
  + stars: | 2024-03-08 | by ( Julie Coleman | ) www.cnbc.com   time to read: +1 min
Stock Chart Icon Stock chart icon GE HealthCare's year-to-date stock performance. Stock Chart Icon Stock chart icon Ares Capital's year-to-date stock performance. Stock Chart Icon Stock chart icon Coherent's year-to-date stock performance. Stock Chart Icon Stock chart icon Pure Storage's year-to-date stock performance. Stock Chart Icon Stock chart icon Manhattan Associates' year-to-date stock performance.
Persons: It's, Ares, I'm, Jim Cramer's Organizations: GE, GE HealthCare, GE Healthcare, Technologies, BWX Technologies, Qualcomm, Ares, Manhattan Associates
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEVs are eventually the way of the future, says MAI Capital's Chris GrisantiChris Grisanti, MAI Capital Management chief equity strategist, joins 'The Exchange' to discuss how to trade Hersehy, Pfizer, Bristol Myers, Albemarle, and homebuilders.
Persons: Chris Grisanti Chris Grisanti, Bristol Organizations: MAI Capital Management, Pfizer Locations: Bristol Myers, Albemarle
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPatient Capital's Christina Malbon offers her bull case for Google and Canada GooseChristina Malbon, Patient Capital Management portfolio manager, joins 'Closing Bell' to discuss tech being underpriced by the market.
Persons: Christina Malbon Organizations: Google, Patient Capital Management
The alternatives industry's annual fundraiser for Lincoln Center had David Geffen Hall stuffed with acrobats, dancers, jugglers, and magicians — to say nothing of the billionaires sipping cocktails and noshing on hors d'oeuvres such as a potato bite topped with caviar and crème fraîche. The event pulled in hundreds of traders, bankers, and lawyers despite a rainy, windy night on Manhattan's Upper West Side. It was a celebration of New York, according to one of the gala's chairs, Ilana Weinstein, a longtime hedge-fund recruiter born in the city. Steve Tananbaum, Ilana Weinstein, and Steve Cohen. Guests at Lincoln Center's Alternative Investment Industry Gala were entertained by dancers, musicians, jugglers, and acrobats.
Persons: David Geffen, , Ilana Weinstein, Point72, Steve Cohen, Steve Tananbaum, Dave Kotinsky, Ken Griffin, Steves, Weinstein, Hunter Point's Bennett Goodman, York, Jamie Dinan, Axel Capital's Anna Nikolayevsky, Lincoln, partygoer Organizations: Lincoln Center, David Geffen Hall, Business, Lincoln Center In, Sunshine State, Citadel Securities, Citadel, Lincoln, Alternative, Industry Locations: New York, Florida, Lincoln Center In Florida, Miami, West Palm, Chicago, Balyasny
(This is CNBC Pro's live coverage of Tuesday's analyst calls and Wall Street chatter. Meanwhile, Goldman Sachs noted Tesla and Rivian need to be careful when cutting prices. He increased his price target by $20 to $220, however, suggesting shares could shed 7.4% from Monday's close. Baird's $1,050 price target suggests shares can still climb more than 23%. His Tesla target of $220 implies upside of 17%, while his $13 forecast on Rivian points to a 19% gain from here.
Persons: Baird, Goldman Sachs, Tesla, Williams, Anthony Chukumba, Chukumba, — Pia Singh, Ranjan Sharma, Sharma, Morgan Stanley downgrades Sunnova, Morgan Stanley, Andrew Percoco, Percoco, Tristan Gerra, Gerra, Goldman, Mark Delaney, Delaney, Fred Imbert Organizations: CNBC, Nvidia, JPMorgan, Free Fire, NOVA, Amazon, Meta, Google Locations: Williams, Sonoma, Monday's, Tuesday's premarket
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with iCapital's Anastasia Amoroso and Requisite Capital's Bryn TalkingtoniCapital's Anastasia Amoroso and Requisite Capital's Bryn Talkington, join 'Closing Bell' to discuss the market broadening, Fed outlook and economy.
Persons: iCapital's Anastasia Amoroso, Bryn Talkington iCapital's Anastasia Amoroso, Bryn Talkington
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere's market support regardless of where growth breaks, says iCapital's Anastasia AmorosoAnastasia Amoroso, iCapital chief investment strategist, joins 'Closing Bell' to discuss the market broadening, Fed outlook and economy.
Persons: iCapital's Anastasia Amoroso Anastasia Amoroso
The research director at Westfield Capital Management is instead focused on finding attractive stocks through a bottom-up fundamental process. Many companies have been abandoned in this top-heavy market, Meyers said. Instead of calling for a meltdown for the market's favorite companies, Meyers emphasized the stocks destined to rebound once investors shift their focus away from pricey growth names. "We don't overpay for growth for the sake of growth," Meyers said. 5 top stocks to own nowInvestors searching for small-cap stocks to buy are in the right place.
Persons: , Ethan Meyers, Meyers, Morningstar, that's, " Meyers, there's, you've, Kevin Rendino, it's, We're, It's Organizations: Service, Business, Westfield Capital Management, Growth, Apple, Microsoft, Nvidia Locations: Westfield
Business: Mitsui Fudosan is a Japan-based company engaged in the real estate business. Even as a commercial real estate company, Mitsui Fudosan does possess some brand power, which translates to premium pricing power. Mitsui Fudosan is grappling with a low valuation and return on equity in absolute terms and relative to peers. Right now, Mitsui Fudosan has 0.65 times price to adjusted book value (for real estate companies) and the lowest ROE among its peers. There are three things Mitsui Fudosan can do right away to create value for shareholders.
Persons: Elliott, Palliser, ROE, debatably, Dai, Takashi Ueda, Ken Squire Organizations: Mitsui Fudosan, Mitsui Home, Mitsui, Nikkei, Oriental Land Company, Tokyo, Mitsui Fudosan's, Tokyo Stock Exchange, Keisei Rail, Dai Nippon Printing, Dai Nippon, Services, 13D Locations: Japan, COOs, ValueAct, OLC, OLC .
In late 2022, Harrison joined venture firm General Catalyst, which has backed tech highfliers like Stripe, Snap and Airbnb . This is the first holistic transformation of a health system to a thoughtful combination of digital and in-person care." "It just makes people a little nervous, and it doesn't feel quite aligned with this concept of health care being a human right." To revolutionize how we care for patients, we in health care are doing the same." "This is not like a turnaround, this is not a distressed system," Harrison said.
Persons: Marc Harrison, who's, Astrid Stawiarz, Mark Zuckerberg, Elon Musk, He's, screeds, Harrison, Catalyst, HATCo, Fitch, Ceci Connolly, Connolly, She's, Freddy Krueger, John Bass, Bass, he's, Chris Bischoff, Bischoff, it's, Harrison isn't, Michael Greeley, Greeley, Beaumont, Cliff Deveny, hadn't, Deveny, Ben Sutton, Sutton, Shammas Malik, James Hardy, Hardy, Mayor Malik, Malik, we've, Capital's Greeley, Catalyst's Organizations: Healthy, CNBC, Intermountain Healthcare, Catalyst, Summa Health, Health Assurance Transformation Corporation, Summa Health Medina, Urban Institute, Fitch Ratings, Alliance of Community Health, General Catalyst, HCA Healthcare, University of California Davis Health, Intermountain, Flare Capital Partners, Beaumont Health, Health, Akron, Ideastream Public Media, HATCo Locations: New York City, Silicon Valley, Utah, Ohio, Harrison, PitchBook, U.S, Canada, Israel, Michigan, Beaumont, Akron, Summit County, Akron's
The sheer persistence of the equity rally, with the S & P 500 up 16 of 18 weeks and refusing to succumb to supposed late-February seasonal weakness, has converted the cautious. Still, by some lights, stocks' valuation is one of the better sentiment indicators, and by that measure the investment community is pretty enthusiastic. More simply, we continue to see elevated but not alarming P/Es in the S & P 500 broadly while the median P/E of the top 10 names in the index remains close to past peaks." Coming at a time when the S & P 500 is more than 13% above its 200-day moving average — pretty stretched — and we haven't had even a 3% pullback since October. The "right" cyclical sectors are leading (industrials and consumer discretionary in addition to tech), and the equal-weight S & P 500 is nosing toward its old high.
Persons: Scott Rubner, maven, Goldman Sachs, there's, it's, hustled, gunning, BofA's Savita Subramanian, Citi's Scott Chronert, Barclays Venu Krishna, Lori Calvasina, haven't, I've, We've, Stocks, Organizations: Micro, Dell Technologies, ARM Holdings, Bank of America, Barclays, Big Tech, Tech, Federal, Fed Locations: U.S
Mervana Parekh is a principal at Acrew and has invested in social startups like Diem, Afterparty, and Anything World. Best Nights VC. Nichols is a founding managing partner at MaC, which recently invested in social startups like Spill and Swsh. Boyce has backed a slew of new social startups, including Diem, Lex, Koodos Labs, and Swsh, alongside associate Rhian Horton. In 2024, Best Nights is looking to invest in companies that facilitate travel experiences after hearing people say their best nights have happened during trips or vacations, said de Silva.
Persons: , Connie Chan, Mervana Parekh, Peter Boyce II, Marlon Nichols, Catalyst, Web3, Peter, Diem, Afterparty, Lorrain de Silva, Andrew Kahn, Miley Cyrus, Lorde, Kahn, Aaron Matusow, Dan Kruchkow, Nichols, Elizabeth Weil, Kevin Weil, John Smothers, Boyce, Lex, Rhian Horton, Lorrain, Silva, BestNights, Aaron Leithäuser, Gen Z, Peter Boyce, de Silva, Acrew Organizations: Service, Business, Acrew, Stellation, MaC Venture, VCs, Stanford University, Startup, Pudgy Penguins, Crush Ventures, VC, Crush, MaC Venture Capital, MaC, Catalyst, Koodos Labs, Big Tech Locations: 1kx, San Francisco , New York, Lisbon, Acrew, San Francisco, Berlin, Los Angeles and New York, Los Angeles, New York, Rythm
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's goal is global primary at all costs, says Hayman Capital's Kyle BassKyle Bass, Hayman Capital founder and CIO, joins 'Squawk Box' to discuss the state of U.S.-China relations, rising threat posed China on the U.S. auto industry, Covid's origin theory, and more.
Persons: Hayman Capital's Kyle Bass Kyle Bass Organizations: Hayman Capital, U.S Locations: U.S, China
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailParamount could be a good long-term due to sports content, says Payne Capital's Courtney GarciaCourtney Garcia, Payne Capital Management senior wealth advisor, joins 'The Exchange' to discuss how to trade Paramount, HP, and Birkenstock.
Persons: Payne Capital's Courtney Garcia Courtney Garcia Organizations: Paramount, Payne Capital Management, HP
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're just seeing a broadening out of this rally, says EMJ Capital's Eric JacksonEric Jackson, EMJ Capital founder and president, joins 'Money Movers' to discuss why there will be lasting upside to sectors like biotech and small caps, the recent history of strong moves higher, and much more.
Persons: EMJ Capital's Eric Jackson Eric Jackson Organizations: EMJ Capital
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