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☆ This corner of the stock market is set to outperform once the Fed starts cutting interest rates, Goldman Sachs says
▼ + stars: | 2024-09-11 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +4 min

Mid-cap stocks are poised for greater growth than small- and large-caps, Goldman Sachs says. They forecast a 13% return on mid-caps in the next year after rate cuts. AdvertisementThere's one area of the stock market that is likely set for outsized growth after rate cuts: the mid-cap shares. Mid-cap equities have historically seen stronger growth in the year after rate cuts compared to large- and small-caps, analysts from Goldman Sachs say. Goldman Sachs expects the Fed to cut interest rates by 25 basis points at its policy meeting next week, followed by 25 basis points in November and December.

Persons: Goldman Sachs, —, Russell, Goldman Organizations: Service

Deutsche Bank resumed coverage of Tesla with a buy rating, calling it a top pick. He also notched his price target $4 higher to $80, implying shares could gain 16.6% from Monday's close. Along with the new iPhone 16 line, the company unveiled Apple Intelligence for beta rollout next month, or new artificial intelligence capabilities for the iPhone. The iPhone 16 and 16 Plus are available for pre-order starting Friday. "At the core, we do not see Tesla as an automaker but rather a technology platform attempting to reshape multiple industries, deserving of a unique type of valuation framework," the analyst wrote.

Persons: Andrew Obin, Obin, — Hakyung Kim, David Vogt, Vogt, Morgan Stanley, Erik Woodring, Woodring, Goldman Sachs, Michael Ng, Ng, Bernstein, Douglas Harned, Harned, Daniela Nedialkova, Hakyung Kim, Tesla, Edison Yu, Yu, Fred Imbert Organizations: CNBC, Deutsche Bank, Atlantic, Costco, Bank of America, Johnson, Wall Street, Apple Intelligence, UBS, Apple, GE Aerospace GE Aerospace, GE Aerospace, GE Locations: Monday's

☆ Trump repeats false claims that children are undergoing transgender surgery during the school day
▼ + stars: | 2024-09-09 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Matt-Lavietes-Byline-Jm.Jpg | Matt Lavietes | ) www.nbcnews.com time to read: +5 min

Former President Donald Trump repeated his false claim that children are undergoing transition-related surgery during their school day, worsening fears among some conservatives that educators are pushing children to become transgender and aiding transitions without parental awareness. What the hell is wrong with our country?” Trump said Saturday at a campaign rally in Wisconsin, a vital swing state. About half the states ban transition-related surgery for minors, and even in states where such care is still legal, it is rare. The law limits the instruction of sexual orientation and gender identity in school and has been replicated in states across the country. Half of all teachers polled, including 62% of elementary school teachers, said elementary school students should not learn about gender identity in school.

Persons: Donald Trump, Jimmy, ” Trump, Trump, —, what’s, ’, ”, Karoline Leavitt, Kate King, Trump’s, Ron DeSantis, Marjorie Taylor Greene, “ Organizations: Liberty, American Association of Medical Providers, NBC, National Association of School Nurses, Democratic, Republican National Convention, DeSantis, Pew Research, Education Department Locations: Wisconsin, U.S, Florida’s, kindergartners

☆ China's CPI climbs by a less-than-expected 0.6% as transport and home goods prices fall
▼ + stars: | 2024-09-09 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

BEIJING — China on Monday reported its consumer price index rose by 0.6% year on year in August, missing expectations as transportation and home goods prices, as well as rents declined. Food prices climbed by 2.8% year on year in August, the first positive print since June 2023, according to Wind Information data. Pork prices surged by 16.1% in August, while vegetable prices climbed by 21.8%. Pork, a food staple in China, has an outsized weighting in the country's consumer price index. Core-CPI, which strips out food and energy prices, climbed by 0.3% in August from a year ago, a slower rise for a second-straight month.

Persons: Wang Yifan Organizations: Nanhua Locations: China, BEIJING — China

☆ August private payrolls rose by 99,000, smallest gain since 2021 and far below estimates, ADP says
▼ + stars: | 2024-09-05 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

Private sector payrolls grew at the weakest pace in more than 3½ years in August, providing yet another sign of a deteriorating labor market, according to ADP. August was the weakest month for job growth since January 2021, according to data from the payrolls processing firm. Still, the ADP data showed that while hiring has slowed considerably, only a few sectors reported actual job losses. Annual pay increased 4.8% for those who stayed in their jobs, about the same level as July, according to ADP. The ADP count now tees up the more closely watched nonfarm payrolls report, which the Bureau of Labor Statistics will release Friday.

Persons: payrolls, Nela Richardson Organizations: ADP . Companies, Dow, Labor Department, ADP, of Labor Statistics, BLS, Federal

☆ Family offices are about to surpass hedge funds, with $5.4 trillion in assets by 2030
▼ + stars: | 2024-09-05 | by ( Robert Frank | ) www.cnbc.com time to read: +4 min

Family offices are expected to add more than $2 trillion in assets by 2030, as an increase in wealth concentration and a revolution in wealth management drive rapid growth in new family offices. In total, the wealth of families with family offices is expected to top $9.5 trillion in 2030, according to the report — more than doubling over the decade. "It's really the past decade that has seen an acceleration in growth in family offices." The rise of family offices is remaking the wealth management industry and creating a powerful new force in the financial landscape. Family offices are seen as offering more privacy, more customization and more tailored programs for the next generation of the family.

Persons: Robert Frank, Rebecca Gooch, It's, Gooch, incentivized, Eric Johnson Organizations: Deloitte Private, Deloitte, Henley & Partners, Forbes Locations: centimillionaires, North America, Asia, Pacific, North

☆ Here's how a week's worth of huge economic news will affect the Fed's decision-making
▼ + stars: | 2024-08-17 | by ( Jeff Cox | ) www.cnbc.com time to read: +6 min

We have to remember, the Fed made one mistake, the transitory" call on inflation, said Quincy Krosby, chief global strategist at LPL Financial. Specifically, the Fed is faced with how quickly and aggressively it should respond now that the inflation rate is waning . "Jay Powell says they don't want to be data point dependent, and I think that makes sense. I don't think you have signs of weakness in the economy. You don't have signs of inflation being controlled, and you don't have any signal for the Fed to switch focus."

Persons: Jerome Powell's, Jackson, Quincy Krosby, Krosby, Richard Clarida, nonfarm payrolls, Powell, Jay Powell, Clarida, we'll, Komal, Kumar, He's Organizations: Federal Reserve, Fed, LPL, CNBC, Sri, Kumar Locations: Jackson Hole , Wyoming

☆ TikTok 'finfluencers' accurately called the AI rally, but credibility concerns dog them
▼ + stars: | 2024-08-16 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +5 min

The team then tracked the prices of the recommended stocks from the day the videos were posted up until June 21, 2024. The most profit that an investor could have generated from a single stock would have been Nvidia, which grew 63.08% in the period surveyed. If a person invested $1,000 in every stock recommended in the one video that got the most bets right, the gains would have amounted to $4,860. On the other hand, putting money into all the stocks recommended in the video that got most bets wrong would have led to a loss of $1,517. "Furthermore, a single period coincident result does not translate to a definitive conclusion of predictability in the long run."

Persons: Dado Ruvic, Let's, —, Gerald Wong, Wong, Jeremy Tan, Jiang Zhang, — Zhang, Tan Organizations: Reuters, Nvidia, Qualcomm, Google, Ginkgo, Holdings, CNBC, Tiger Fund Management, Management, Investor Locations: York, Singapore

☆ Thailand’s Prime Minister Srettha Thavisin removed from office in shock court ruling
▼ + stars: | 2024-08-14 | by ( Helen Regan | Kocha Olarn | ) edition.cnn.com time to read: +5 min

Bangkok, Thailand CNN —Thailand’s Prime Minister Srettha Thavisin has been removed from office after a court ruled he had violated the constitution, in a shock decision that plunges the kingdom into further political uncertainty. But Wednesday’s ruling shocked political analysts who believed the court would side with the prime minister. Pheu Thai and the establishmentPopulist Pheu Thai is the latest incarnation of parties aligned with divisive former leader Thaksin, who was ousted by the military in a 2005 coup. His dramatic return from a 15-year self-imposed exile last year coincided with the Senate’s vote to appoint Srettha as the country’s 30th prime minister. With Srettha now out of office, political negotiations will restart, with coalition partners jostling for Cabinet positions and the top job.

Persons: Thailand CNN —, Srettha Thavisin, Srettha, Pichit, Thaksin Shinawatra, Thaksin, Wednesday’s, jostling, Pheu, Paetongtarn Shinawatra, Thaksin’s Organizations: Thailand CNN, Thailand CNN — Thailand’s, Party, Populist, Manchester City Football Club, Pheu Thai Locations: Bangkok, Thailand

☆ Move over dealmakers: Portfolio-company operators are the rising stars of private equity
▼ + stars: | 2024-08-14 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +11 min

Read previewDealmakers have always been the stars of private equity. AdvertisementKevin Desai, partner and private equity sector leader at PwC PWCBut in the current climate, portfolio-operations professionals are gaining esteem. AdvertisementPrivate equity 3.0Rising interest rates nearly two and a half years ago ushered in a new economic reality that hit private equity firms right in the pocket. Since private equity relies on debt to boost returns, the first option is off the table. These people are taking their talents to private equity firms to manage smaller companies using an already proven playbook for technological transformation.

Persons: —, you've, Marc Rowan, Rowan, Kevin Desai, Desai, I've, What's, they're, quants, we've Organizations: Service, Business, PricewaterhouseCoopers, University of Chicago, Walmart, Nike, Harvard Business Locations: dealmaking

☆ Dollar tenses for data verdict on rate cut risks
▼ + stars: | 2024-08-13 | by ( ) www.cnbc.com time to read: +2 min

The greenback was idling at 147.17 yen , having briefly touched a one-week high of 148.23 overnight before profit-taking emerged. More important will be the consumer price report and retail sales for July which could have a material impact on whether the Fed eases by 25 basis points or 50 basis points in September. The former outcome would likely lift Treasury yields and support the dollar, while the latter would have the opposite effect. The futures market clearly still sees recession as a risk with 101 basis points of Fed easing priced in by Christmas, and more than 120 basis points for next year. "Although the trend is moderating, inflation is too high for the Fed to justify the market pricing 100bp of rate cuts between September and year-end."

Organizations: Federal Reserve, JPMorgan, Swiss, Atlanta Fed, ANZ

☆ Gold dips as investors book profits, U.S. inflation data in focus
▼ + stars: | 2024-08-13 | by ( ) www.cnbc.com time to read: +2 min

Prices rose more than 1% in the previous session. "Prices will benefit if the U.S. inflation data comes in on the softer side of the ledger, which would reignite hopes of an aggressive rate cut from the Fed in September." The CPI data is expected to show that headline and core prices rose 0.2% month-on-month. Markets see about 50% chance of a 50 basis point rate cut in September, according to the CME FedWatch Tool. "If markets become more optimistic of a 50 bp cut coming to fruition, this could propel the gold price to make a run at the $2,500 level," Waterer said.

Persons: Alexander Manzyuk Gold, Tim Waterer, Waterer, Benjamin Netanyahu Organizations: REUTERS, Federal, KCM, Fed, Traders Locations: Siberian, Krasnoyarsk, Russia, U.S, Gaza

☆ These American cities are heating up the most
▼ + stars: | 2024-08-13 | by ( Amy O'Kruk | Angela Dewan | ) edition.cnn.com time to read: +7 min

Each has recorded at least 18 extremely hot days this year. San Antonio, Texas, experienced 54 extremely hot days, 16 more than its 2013-to-2023 average, while Nashville, Tennessee has logged 23, also 16 days above average. “The overall trend is clear: major American cities have experienced a significant rise in the number of extremely hot days,” said Tucker Landesman, a senior researcher with the International Institute for Environment and Development. Of the 50 cities, only three — Los Angeles, Omaha and Kansas City — did not experience an increase in extremely hot days over the five-decade period. “As the world’s richest country, the United States has the resources and technology needed to address extreme heat,” Landesman said.

Persons: It’s, ”, Tucker Landesman, ” Landesman, Austin, Houston, we’ve, Kansas City —, Summers, hasn’t Organizations: CNN, International Institute for Environment, Development, Paramedics, “, Kansas City, Phoenix Locations: Arizona, Phoenix, Las Vegas, California, Los Angeles, San Fransisco, Washington, Baltimore, Vegas, San Antonio , Texas, Nashville , Tennessee, That’s, Texas, Texas , Arizona, San Antonio, Fort Worth, Austin, Tucson , Arizona, Fresno , California, Denver , Colorado, Los Angeles , Omaha, Mesa, Tucson, United States

☆ Traders are betting on an outsized move in Deere on earnings this week — how to play it
▼ + stars: | 2024-08-12 | by ( Michael Khouw | ) www.cnbc.com time to read: +6 min

Deere (DE) , headquartered in Moline, Illinois, manufactures agricultural machinery, heavy equipment, forestry machinery, diesel engines, and related components. One of the oldest companies in the United States, Deere traces its history back to John Deere's "self-scouring plow" in 1837. However, even assuming 50 bushels per acre and a $5/bushel average price increase, the revenue per acre would have risen by ~$250/acre. However, while Deere & Company stock has underperformed the S & P this year, its enterprise value is nearly $100 Billion, almost double the company's valuation in January 2020, just before the pandemic. Unsurprisingly, DE options are pricing in a larger-than-average 6% move when the company reports earnings on Thursday.

Persons: John Deere's, John Deere, outperforming, Massey Ferguson Organizations: Deere, Caterpillar, Deere & Company, Nasdaq, Farmers, CNH Industry, CNBC, NBC UNIVERSAL, ~$, ~ $ $ Locations: Moline , Illinois, United States, Mexico, Holland

☆ The rise of OpenAI and Microsoft's $13 billion bet on the AI startup
▼ + stars: | 2024-08-10 | by ( Magdalena Petrova | ) www.cnbc.com time to read: +1 min

OpenAI, the company behind the ChatGPT chatbot, was founded in 2015 by a number of researchers, academics and entrepreneurs, including Sam Altman, Greg Brockman and Elon Musk. At the time, OpenAI said Musk left to avoid a conflict of interest with his other company, Tesla , which was becoming increasingly focused on AI. In the years since, OpenAI has grown into one of the prominent leaders in AI development. OpenAI now reportedly generates annual revenue of $3.4 billion, and has notable customers, including PwC, Moderna and Estée Lauder. Microsoft has invested about $13 billion into the AI startup.

Persons: Sam Altman, Greg Brockman, Elon Musk, Altman, Brockman, Musk, OpenAI, Estée Lauder Organizations: Tesla, Moderna, Microsoft, Big Tech Locations: OpenAI

michelle goldbergI mean, I’m a huge Walz fan, and I was worried. ross douthatSo, yeah, I mean, I’m having made the case that this pick makes sense in vibes terms. michelle goldbergYeah, I don’t think that he necessarily overperforms among conservative voters strictly defined. You don’t think that there’s a part of the country that just finds joy like a really refreshing change? I’m going there.

Persons: ross douthat I’ve, Bon Iver, Taylor Swift, I’ve, michelle cottle Oh, ross douthat, michelle goldberg, michelle cottle, Vance, I’m Michelle Cottle, Ross Douthat, Ross, Michelle Goldberg, Michelle, Harris, Kamala — Kamala — michelle goldberg Kamala, nomenon, Kamala, Chappell Roan, I’m, Frenchman, we’ll, Kamala Harris, Tim Walz, Josh Shapiro, it’s, Donald, JD Vance, Donald Trump, Biden, Walz, Sarah Longwell, Shapiro, Trump, ross douthat Let’s, It’s, that’s, John Fetterman, we’ve, Michelle Cottle, relatability, Jared Golden, Joe Manchin, Mary Peltola, —, Bernie, you’ve, who’s, Josh Shapiro doesn’t, don’t, you’re, Shapiro wasn’t, JB Pritzker, The New York Times ”, here’s Shapiro, Netanyahu, Donald Trump’s, John Kerry, — ross douthat, “, we’re, Bone, michelle goldberg Ross, George Floyd’s, there’s, George Floyd, That’s, It’s Trump, michelle cottle Ross, Joe Biden, Hillary Clinton, ross, hadn’t, “ Trump, MAGA, michelle cottle It’s, he’s, she’s, Tucker Carlson, — michelle cottle, ross douthat —, doesn’t, chameleons, He’s, McKay Coppins, it’s Kamala, Sarah Palin’s, John McCain, Mike Pence, Dick Cheney, George W, ”, michelle cottle “ Sunny, ” ross douthat, Rashida Jones, — ross, ” michelle goldberg, michelle cottle Juicy, “ Severance, michelle cottle Nice Organizations: “ New York, Minnesota, Twitter, Republican, Trump, Democratic, America, Democratic Party, Dartmouth, Biden, The New York Times, Bone Spurs, Vance, Republicans, Air Force, Atlantic, Democrat Locations: Tay, “, Pennsylvania, Brooklyn , New York, Wisconsin, San Francisco, relatability, America, Maine, Alaska, California, Israel, Palestine, Minnesota, Italy, Minneapolis, Afghanistan, Ukraine, Trump, United States, Michelle, Kyoto, Japan

Hong Kong CNN —Presumptive Democratic presidential nominee Kamala Harris’ running mate has a decades-long connection with China. “I remember waking up and seeing the news on June 4 that the unthinkable had happened,” Walz told Voice of America in an interview in 2014. The newlyweds spent their honeymoon taking students on two-week tours in China for sightseeing and classes on culture, education and history. In Chinese nationalist circles, which have an outsized voice on policy debates in China, there are no rosy illusions about Walz. The hashtag “Harris’ VP pick once taught in China” racked up 15 million views on microblogging site Weibo.

Persons: Hong Kong CNN —, Kamala Harris ’, Tim Walz, Walz, ”, Dalai Lama, Joshua Wong, Shen Dingli, ” Shen, ’ Walz, “, Mao Zedong, Deng Xiaoping, ” Walz, Gwen, Cara Roemhildt, ” Roemhildt, Jeff Widener, ’ ”, Liu Dongshu, Liu Xiaobo, Lobsang Sangay, ” Tim Walz, X, Hong Kong’s, Wong, ” Jeffrey Ngo, “ Walz, ” Ngo, ” Shen Yi, “ We’re, ” Stephen Roach, Morgan Stanley Asia, Harris, Eric Fish, Hong Kong's, Joshua Wang, George H, Bush, Bush’s, there’s, Liu, “ Harris, China ”, –, Xi Jinping, “ Heh, I’ve, they’re Organizations: Hong Kong CNN, Democratic, United States ’, Republican, Communist Party, Star, Herald, CNN, Harvard University, Paramount, America, “, of, People, Associated, Congressional, Commission, City University of Hong, Hong, Hong Kong Human Rights, Democracy, White Locations: Hong Kong, China, Beijing, Minnesota, Tiananmen, Nebraska, Shanghai, Foshan, Guangdong, America, Congress, City University of Hong Kong, Tibet, Dalai, Washington, “, South China, Weibo

☆ DuPont's AI ties drew us in, but its water unit may be the sleeper hit
▼ + stars: | 2024-08-09 | by ( Paulina Likos | ) www.cnbc.com time to read: +11 min

DuPont's water business DuPont is considered a leader in purification and specialty-separation technologies that generates cleaner water for industries, governments, and communities. Arun Viswanathan, analyst at RBC Capital Markets, characterizes Dupont's water business' next-generation products as being "at the top of the technology pyramid." Dupont's water business is the smallest of the three companies that will be created by the breakup. As this exercise shows, DuPont's water business as a standalone firm would certainly deserve that compared to some. Potential M & A It's possible DuPont's water business never makes it to standalone status.

Persons: we've, Jim Cramer, It's, Lori Koch, it's, Aleksey Yefremov, Arun Viswanathan, Viswanathan, Dupont, RBC's Viswanathan, DuPont, KeyBank's Yefremov, EBITDA, Pentair, Veralto, Yefremov, They'll, they'll, —, Koch, Ed Breen, Jim Cramer's, Jim, Jeff Fusco Organizations: DuPont, CNBC, JPMorgan, Bank, Barclays, RBC Capital Markets Locations: China, North America, Asia, East, Africa, America, Yefremov, Wilmington , Delaware

☆ Wall Street will get key insight on the consumer, inflation in the week ahead as recession fears swirl
▼ + stars: | 2024-08-09 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

The wildest week of 2024 has investors bracing for more volatility in the week ahead, with key insight on the consumer and inflation coming at a time when recession fears are top of mind. Inflation, labor data Next week's inflation data could get less attention than it has over the past year when the Fed's fight against pricing pressures put inflation reports on center stage. Recently, it's been the labor market getting the most attention. "The market's caring much more about about labor markets and growth, than they do inflation right now," Ladner said. Week ahead calendar All times ET Monday, Aug. 12 2 p.m. Treasury Budget (July) Tuesday, Aug. 13 8:30 a.m. Producer Price Index (July) Earnings: Home Depot Wednesday, Aug. 14 8:30 a.m. Consumer Price Index (July) 8:30 a.m.

Persons: Scott Ladner, it's, Ladner, —, Strategas, Ryan Grabinski, RJ Assaly, Jeremy Siegel, Chen Zhao, Zhao, Price Organizations: Federal, Walmart, Home, Horizon Investments, Bank of Japan, Wharton, Fed, UBS, Investments, Treasury Budget, Price, Philadelphia Fed, Retail, Manufacturing, Materials, Tapestry, Deere, Co, Housing Locations: U.S, NAHB, Michigan

☆ E.l.f. Beauty sales jump 50% on gains in color cosmetics and skin care, launch of Bronzing Drops serum
▼ + stars: | 2024-08-08 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +6 min

The company's sales soared to $324.5 million in its fiscal first quarter, leading it to raise its full-year guidance. He added that its Bronzing Drops serum quickly became a best seller on the company's website after its launch during the quarter. Following quarter after quarter of outsized growth, Wall Street has come to expect a lot from E.l.f. The company now anticipates its adjusted net income will be between $198 million and $201 million, compared with a previous outlook of between $187 million and $191 million. During the quarter, selling, general and administrative expenses increased by roughly $88.6 million to $180.6 million, representing 56% of net sales.

Persons: Tarang Amin, E.l.f, Mandy Fields, Fields, I'm, we're, Amin, we've, Gen Z, We'll, Gabby Douglas, Anastasia, Tas, Jameela Jamil Organizations: CNBC, LSEG, Alpha Locations: E.l.f

☆ Nikkei 225: Japan stock market rally fades as fears of US economic slowdown, yen volatility return
▼ + stars: | 2024-08-08 | by ( Laura He | ) edition.cnn.com time to read: +4 min

Meanwhile, the yen strengthened 0.6% to 146 against the US dollar, after losing nearly 2% on Tuesday and Wednesday combined. But those fears, as well as a further jump in the value of the yen, are still haunting the market. The volatility in the yen, which was at the heart of recent market turmoil, remains elevated, he added. On Monday, the Nikkei plummeted by the most since 1987, sparking a broader global market sell-off. The narrowing of the interest rate differentials, which had enabled the yen carry trade, could push the yen higher, Kuptiskevich added.

Persons: Hong Kong CNN —, Germany’s DAX, Shinichi Uchida, Uchida, ”, Stephen Innes, Alex Kuptsikevich, Masamichi Adachi, Innes, Taiwan’s Taiex, Hang Organizations: Hong Kong CNN, Nikkei, CAC, Nasdaq, Bank of Japan, Federal Reserve, FxPro, Federal, Fed, UBS, UBS Chief Investment, Kospi, Hang Seng Locations: Hong Kong, Europe, Japan, unwind

☆ Buy the dip in these bitcoin mining stocks, Cantor Fitzgerald says
▼ + stars: | 2024-08-06 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Bitcoin was no exception to Monday's broad market rout, which gives investors a good buying opportunity, according to analysts. The flagship cryptocurrency dropped 11% over the three days ending Monday, according to Coin Metrics, pulling down the performance of stocks related to it. "As a reminder, Bitcoin historically has very strong returns in the one-year period post halving," Brett Knoblauch, an analyst at Cantor Fitzgerald, said in a note Monday. Cantor has overweight ratings on eight mining stocks, including Riot Platforms , CleanSpark , Iris Energy , Core Scientific and Cipher Mining . Knoblauch said Riot Platforms, one of the largest of the mining stocks, has the best liquidity and one of the cheapest all-in costs to mine bitcoin.

Persons: Bitcoin, Brett Knoblauch, Cantor Fitzgerald, Knoblauch, Cantor, Iris, Energy, — CNBC's Michael Bloom Organizations: Iris Energy, Core, Cipher

☆ Here are Monday's biggest analyst calls: Nvidia, Netflix, Apple, Walmart, Disney, Boeing, Robinhood, Berkshire Hathaway and more
▼ + stars: | 2024-08-05 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Morgan Stanley reiterates Disney as overweight Morgan Stanley lowered its price target on the stock to $110 per share from $130 but said it is sticking with Disney shares. Morgan Stanley upgrades Prosperity Bancshares to overweight from equal weight Morgan Stanley said the regional bank has "best in class capital and growing liquidity." Morgan Stanley initiates MKS Instruments as overweight Morgan Stanley said the controlling and measuring device manufacturing company is well positioned. Morgan Stanley reiterates Apple as overweight Morgan Stanley said it is sticking with the stock following its quarterly 10-Q report. " Morgan Stanley reiterates Walmart as overweight Morgan Stanley said it is sticking with its overweight rating on the stock following Walmart+ membership hitting a record high according to its survey checks.

Persons: Mizuho, Morgan Stanley, Disney, Lockheed Martin, Berkshire Hathaway, HOOD, Apple, Jefferies, Mars, Bernstein Organizations: Bank of America, Nvidia, Disney, Gulfport Energy, RBC, Lockheed, UBS, Berkshire, Berkshire Hathaway, Citi, RBC downgrades Moderna, Moderna, Walmart, underperform Bank of America, Netflix, Reuters, Kellanova, Boeing Locations: China, Gulfport, Berkshire, Underperform

☆ ‘The summer job is back’: Teens enter the labor force as employers dish out higher wages, perks
▼ + stars: | 2024-08-04 | by ( Alex Harring | ) www.cnbc.com time to read: +8 min

That change in pay and benefits underscores the changing job outlook for the millions of American teen workers following the pandemic-induced labor crunch. Despite those efforts, she's at times seen teen employees leave for higher pay at chain rivals like Starbucks . 'The summer job is back'Whether it's a raise or financial support for education, these boons appear to be luring teens to the workforce. "The summer job is back," said Alicia Sasser Modestino, an associate professor of economics who studies youth development at Northeastern University. Gusto expects sports and recreation; education; and food and beverage to be popular summer job sectors for this age bracket.

Persons: Spencer Platt, Dailey Jogan, Jogan, Liz Wilke, Chipotle, Daniel Banks, Justin Sullivan, Banks, Erin Powell's, Powell, she's, Alicia Sasser Modestino, Gusto's Wilke, Wilke, today's, Olivia Locarno Organizations: Getty, Detroit, Employers, Grill, Northeastern University, Starbucks, Marist College, Amazon Locations: Coney, Brooklyn, New York City, California, San Rafael , California, Minnesota, New Jersey

☆ Antarctica heat wave sends temperatures 50 degrees above normal
▼ + stars: | 2024-08-03 | by ( Mary Gilbert | ) edition.cnn.com time to read: +8 min

This is the second significant heat wave Antarctica has endured in the last two years. That unprecedented heat wave was made worse by climate change, according to a 2023 study published in Geophysical Research Letters. Climate change contributed 3.6 degrees of warming to the heat wave and could worsen similar heat waves by 9 to 10.8 degrees Fahrenheit by 2100, the study found. Climate Change Institute, University of Maine Climate Change Institute, University of Maine Slide left to see temperatures observed during this heat wave and right to see what normal temperatures should be. But other research in the last few years has demonstrated that melting in East Antarctica, where this heat wave is happening, is becoming equally troubling.

Persons: David Mikolajczyk, Mikolajczyk, ” Thomas Bracegirdle, University of Maine Bracegirdle, ” Bracegirdle, it’s, Ted Scambos, Bracegirdle, Amy Butler, Butler, ” Organizations: CNN, East Antarctica –, Antarctic Meteorological Research, Data Center, University of Wisconsin - Madison, Antarctic, Reds, Institute, University of Maine, Research, University of Colorado, Northern Hemisphere, Southern, NOAA’s Chemical Sciences, Change Institute, East Antarctica, National Academy of Sciences, “ Locations: Antarctica, East Antarctica, Bismarck, North Dakota, University of Colorado Boulder, Northern, East, Scambos, West Antarctica

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