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City of London skyline on 10th June 2024 in London, United Kingdom. The City of London is a city, ceremonial county and local government district that contains the primary central business district CBD of London. Mike Kemp | In Pictures | Getty ImagesLONDON — European stocks were mixed on Tuesday, following a more positive session at the start of the week. The more mixed picture for European stocks today comes after regional markets closed higher on Monday, shrugging off last week's negative sentiment. Investors are largely looking ahead to next week's meeting of the U.S. Federal Reserve where an interest rate cut is widely anticipated.
Persons: Mike Kemp, Germany's DAX, shrugging Organizations: CAC, Tech, AstraZeneca, Nasdaq, Investors, U.S . Federal Reserve Locations: London, United Kingdom, The City, Asia, Pacific
MarineMax is a smart pick for investors looking for beneficiaries of lower interest rates, according to Citi. Analyst James Hardiman upgraded shares of the boat dealer to buy from neutral and upped his price target by $4, or 10%, to $44. Key to Hardiman's upgrade is the idea that the stock can get a boost when the Federal Reserve cuts interest rates. After holding interest rates steady at 5.25% to 5.50% for more than a year, the long-awaited first cut may come as soon as next week. Shares briefly popped more than 7% in early Monday trading, a reprieve after a tough 2024, when MarineMax shares have tumbled more than 21%.
Persons: James Hardiman, CME's, Hardiman Organizations: Citi, Federal Reserve
(And in doing so, gave rise to a generation of hilarious “That’s why, for this pride month, I’ve partnered with” memes. But more damaging than the cringe of a tone-deaf tweet about diversity is when companies give up on the performance altogether. This week, Molson Coors, a longtime sponsor of Pride events and partner to LGBTQ+ nonprofits, joined the list. A Molson Coors representative declined to comment beyond the memo. Coors Light may have looked at its rival getting pummeled by right-wing pundits and feared being the next target.
Persons: CNN Business ’, Kendell Jenner, I’ve, John Deere, Davidson, Molson Coors, Coors, Robby Starbuck, , Nathaniel Meyesohn, Starbuck, George Floyd, Bud Light, Cait Lamberton, , you’ve, pummeled, they’re, Tom Sebok, Molson, Sebok Organizations: CNN Business, New York CNN, Pepsi, Harley, Tractor Supply, Molson Coors, Molson, Human Rights, Coors, DEI, University of Pennsylvania’s Wharton School of Business, The New England Consulting Locations: New York, America, United States
Instead of high-net-worth individuals, C-suite executives in China are increasingly using business jets, said Paul Desgrosseilliers, general manager at ExecuJet Haite General Aviation Services. ExecuJet HaiteBEIJING — China's wealthy are increasingly looking for ways to move capital outside the mainland to pursue business opportunities, rather than just chasing investment returns, according to asset managers and consultants. The company's active overseas clients rose by nearly 63% year on year to 3,244. Overseas assets under management rose nearly 15% to $5.4 billion from a year earlier, while mainland China assets under management fell over 6% to $15.8 billion, according to Noah's quarterly earnings report. "What we are hearing from them is that the fastest growth in terms of interest from Chinese clients [occurred] in the post-Covid [period to] early last year."
Persons: Paul Desgrosseilliers, ExecuJet, there's, Ryota Kadogaki, Grant Pan, Noah Holdings, Noah, Kadogaki, Mu Chen, That's, Pan, ExecuJet Haite Organizations: General Aviation Services, Beijing Daxing, Monolith, Investors, Ministry of Commerce, CNBC, Noah Holdings, Beijing Daxing International Locations: China, Beijing, BEIJING, Japan, Mainland China, Singapore, Hong Kong, Southeast Asia, East, Africa, Asia Pacific
Read previewThis as-told-to essay is based on a conversation with Rajiv Srivatsa, a partner at Antler India, a pre-seed venture capital firm based in Bengaluru. I'm a partner at Antler India, an early-stage venture capital fund. The classic Antler model includes running a cohort of individuals who are transitioning from being employees to startup founders. Ambition and scale: The venture capital industry does not work if you want small outcomes. We look for complements and see pair-ups between one person with a technical background and one person with business acumen.
Persons: , Rajiv Srivatsa, I've, They're, it's, they've Organizations: Service, Business Locations: India, Bengaluru
Greek organizations tend to be the domain of colleges, with students pledging and developing life-long connections in fraternities and sororities. But Kamala Harris’ presidential campaign is thrusting Black Greek organizations into the political sphere. She is the first presidential nominee to come from a Divine Nine Greek organization, so would be the first president from the Black Greek system if elected. That means Harris has ready access to the Divine Nine’s more than 2 million members — including activists, community leaders, philanthropists and more — and what could be a potentially powerful voting and mobilization bloc. Last week, Kiahna W. Davis, a regional director of Alpha Kappa Alpha Inc., formed an AKA political action committee to support Harris.
Persons: Kamala Harris ’, Harris, Kiahna, Davis, Deidra Davis, , , Brandon Bell, Donald Trump’s, Christine Simmons, ” Harris, @akasorority1908, Joe Biden, , you’re, Minyon Moore, Moore, Hillary Clinton’s, I’ll, doesn’t, Donna Jones Anderson, ” Anderson, there’s, ” Davis Organizations: Alpha Kappa Alpha, Alpha Kappa Alpha Inc, Washington , D.C, “ Alpha Kappa Alpha, Alpha Kappa Alpha Sorority, Democratic, Howard University, Howard, Delta Sigma Theta, Zeta Phi Beta, Democratic National Convention, NBC News, Pan, Hellenic, NBC Locations: Washington ,, California, Indianapolis, hellenic, There’s
Fava beans, also called broad beans, contain levodopa or l-dopa, a chemical that can be converted into the pleasure hormone dopamine. One in five Americans experienced a mental health condition in 2020, according to the Substance Abuse and Mental Health Administration, and mental health costs the US economy more than $280 billion annually, according to researchers at Columbia Business School and Yale. "For me it's a matter of getting the awareness out that there is something that could improve mental health," she said. AdvertisementHere are her three favorite ways to prepare fava beans. Fava bean stir fryEvery week Mohd-Radzman makes a stir-fry with lots of fava beans.
Persons: , Nadia Mohd, Radzman, Ian Laker, pita, she's, snacking Organizations: Service, University of Cambridge, Business, Neuroscience, Molecular Psychiatry, Mental Health Administration, Columbia Business School, Yale Locations: Mohd
I had to use an immersion blender to make Guy Fieri's sauce. Then the recipe called for minced garlic and ginger, apple-cider vinegar, frozen raspberries, raspberry jam, and molasses. Once it was done cooking, I used an immersion blender to puree the sauce, and then a sieve to catch any raspberry seeds. This part wasn't fun because the sauce was relatively thick, so it took a while to drip through the sieve. And then my sieve broke, so couldn't get every seed out of the sauce, which ended up being fine.
Persons: Guy Fieri's, Pascale Mondesir, serrano, couldn't
CNBC asked artists to name their top New York galleries, ranging from the well-known to the underground. London-based screen-printing artist Diego Arellano likes Manhattan's Chelsea galleries for their large rooms and high ceilings. Hauser & Wirth has two Chelsea galleries, and both are currently showing work by Hungarian-born U.S. artist Rita Ackermann. The Dia Chelsea gallery in New York City will show an exhibition by British filmmaker Steve McQueen in September. Dia Chelsea | Elizabeth FelicellaBrooklyn resident and artist Zhuo Xiong also favors Chelsea galleries.
Persons: Sean Zanni, Patrick Mcmullan, Diego Arellano, Dia, Arellano, Dia Chelsea, Steve McQueen, Wirth, Rita Ackermann, The Dia, Elizabeth Felicella, Zhuo Xiong, Chelsea —, David Zwirner, Xiong, Wendy Olsoff, Penny Pilkington, Edward Akrout, Akrout, Sasha Maslov, Solomon, Eugene Gologursky, Kate Lewis, Matisse, Hopper, Degas, Henri Matisse, Edgar Degas, Edward Hopper, Lewis, Whitney, Metropolitan Museum of Art Xiong, , gallerists Akrout, Rob Kim Organizations: Whitney Museum of American Art, Getty, Metropolitan Museum of Art, of Modern Art, Art Newspaper, CNBC, Chelsea, Hauser & Wirth, Hauser, The, Tribeca, New, Arellano, Whitney, MoMA, Guggenheim, Whitney Museum of American, Guggenheim Museum, Solidarity, Museum of Modern Art, Maison, Broadway, Swiss Institute Locations: New York City, York, New York, London, Hungarian, The Dia Chelsea, British, Elizabeth Felicella Brooklyn, Chelsea, Tribeca, Ukraine, Mriya, Meatpacking, Manhattan, Midtown, Inner Mongolia, Chinatown, East, Chinatown , New York
Alexis Ohanian said his early investment in Ethereum's pre-token sale is now worth $17.1 million. The Reddit cofounder called it his best-ever investment. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Go to newsletter preferences Thanks for signing up! In a podcast interview with venture capitalist Harry Stebbings, the Reddit cofounder said that he made millions from investing early in Ethereum.
Persons: Alexis Ohanian, Ohanian, , Harry Stebbings Organizations: Service, Business Locations: Ethereum's, Zenefits, Ethereum
Tim Walz aboard arriving for a campaign rally on Wednesday in Romulus, Michigan. Harris speaking with supporters during the campaign rally at Detroit Metropolitan Wayne County Airport. The crowds of supporters at Harris' rally in Michigan. Harris walking on stage to a large crowd during a campaign rally at in Glendale, Arizona on Friday. Representatives for Trump and Harris did not immediately respond to requests for comment from Business Insider sent outside regular business hours.
Persons: , Donald Trump, Kamala Harris, He's, Harris, Kamala, Tim Walz, Carlos Osorio, Julia Nikhinson, Walz, Julia Nikhinson Harris, Julia Nikhinson David Plouffe, Trump, " Walz, it's, Martin Luther King Jr, htc5hBRgQR — Zachary Petrizzo, influencer Logan Paul, Paul, I'm Organizations: Service, Business, Air Force, Gov, Detroit Metropolitan Wayne County Airport, CNBC, Guardian, Trump, Trump YouTube, Business Insider Locations: Michigan, Romulus , Michigan, Glendale , Arizona, Las Vegas, Glendale, Bozeman , Montana
A "Buy Treasury bonds" poster is seen at a bank in Haian, East China's Jiangsu province, Aug 1, 2024. "We remain actively bullish," said a bond fund manager, undeterred by unprecedented government moves to cool the sizzling treasury market and arrest a plunge in yields, which move inversely to prices. Falling yields also complicate the People's Bank of China's (PBOC) efforts to stabilize the weakening yuan. Unlike the West, "China's financial markets, including the bond market, are subject to top-down regulation," said Ryan Yonk, economist with the American Institute for Economic Research. Late on Friday, the central bank said it will gradually increase the purchase and sale of treasury bonds in its open market operations.
Persons: Wang Hongfei, Ryan Yonk, Pan Gongsheng, Kiyong Seong, Tan Yiming Organizations: Bank of China's, American Institute for Economic Research, Societe Generale, Minsheng Securities Locations: Haian, East China's Jiangsu, Beijing, Shanghai, China, Asia
PARIS — Everywhere you looked at the 2024 Paris Games, Americans dominated. On the final day of the Games, China is leading Team USA in the medal table, with 39 golds to America’s 38. Its two golds here included the 4x100-meter medley, the first time in Olympic history that anyone had beaten the U.S. Though Russia, a longtime dominant force in the sport, was excluded from these Games, China still achieved a score that far outstripped any competitors. China has also been quick to embrace some of the newer Olympic sports including sport climbing, skateboarding, surfing and breaking.
Persons: Snoop, Lady Gaga, , Fang Zheng, , it’s, ” Chen Yiwen, Oli Scarff, Zhanle, Hunter Armstrong, Caeleb Dressel, Zheng Qinwen, Jacklyn Luu, Deng Yawen, Zheng Haohao, Paris —, Ma Long, Wang Chuqin, Lintao Zhang, Erriyon Knighton, Xu Shixiao, Lindsey Wasson, Mao Zedong, Richard Nixon, Deng Xiaoping, Li Fabin, Miguel Medina, Xi Jinping, Li Xiang, ” Li Organizations: Games, . Team USA, USA, China, U.S, Doping Agency, WADA, New York Times, NBC, USA’s, Soviet Union, China’s, Association, Asian Studies, Asia, Helsinki Games, China wouldn’t, International Olympic Committee, IOC, Getty, Global Times Locations: United States, China, Paris, France, AFP, U.S, Spain, Russia, Beijing, India, USA, Soviet, Michigan, Western, Taiwan, Los Angeles, Taipei, ” Beijing
LONDON — European stocks closed higher on Friday as global equity markets looked to rebuild from the recent sell-off. Global markets have been volatile this week as they have tried to shake off Monday's rout. The initial sell-off was in part triggered by separate U.S. jobs data last week coming in weaker than expected. Both moves have led analysts to caution that markets may have outsize reactions to data releases and central bank commentary through August — typically a volatile month for stocks. Asia-Pacific markets were mostly higher on Friday.
Persons: Organizations: City of, LONDON Locations: City, City of London, U.S, Asia, Pacific
Media and chemicals stocks both slipped 0.6%, while travel stocks gained 1.28%. On Wall Street, stocks gained after U.S. weekly initial jobless claims figures came in lower than expected, alleviating some concerns about the state of the labor market. Last Friday's U.S. jobs report had shown slowing employment growth, sparking recession fears and subsequent market volatility. There was an element of market overreaction to that initial jobs report, Janet Mui, head of market analysis at RBC Brewin Dolphin, told CNBC's "Squawk Box Europe" on Thursday morning. "The jobs data is actually not that bad, employment is still growing and particularly importantly, real wage growth is still positive.
Persons: Janet Mui, CNBC's, Mui Organizations: Anadolu, Getty, Media, Global, U.S, RBC Locations: Amsterdam , Netherlands, U.S
15 November 2023, Bavaria, Munich: Flags with the word "Siemens" in front of the company's headquarters. Comparable orders meanwhile declined 15% from the same quarter a year ago, hitting 19.8 billion, Siemens said. Siemens CEO Roland Busch told CNBC on Thursday that the company's performance during the quarter was "very, very strong." The company attributed its growth in the third quarter to strong demand in its electrification and industrial software businesses, but noted the automation business remained "challenging." There was an "exceptionally high order growth in the software business driven by a number of large contract wins for licensed software," the company said, with profitability growth more than offsetting a profit decline in automation.
Persons: Karl, Josef Hildenbrand, Roland Busch Organizations: Siemens, Getty Images, CNBC, Smart Infrastructure Locations: Bavaria, Munich, London
The previously nondescript city in the eastern Chinese province of Shandong became one of China’s hottest spots for domestic tourism last year thanks to its affordable and juicy skewered meat. They’re known as “special forces travelers” because, like soldiers, they move from one checkpoint to another under incredibly tight schedules, often over weekends or short holidays. For the first half of this year, 29.22 million foreign nationals entered and exited, according to the latest figures. But the flash-mob-style approach of “special forces travelers” – switching from one community to the next – has called into question whether that type of domestic tourism is sustainable in the long term. Pan Wenbo, also from Beijing, said his favorite spots included Xi’an, home of the Terracotta Warriors, and Datong, a northern Chinese city known for ancient Buddhist architecture - both offering more affordable accommodation and food.
Persons: ” Zibo, Cici Li Yuetong, , , Li, ” Li, Pan Wenbo, Jiumei, Yang ”, Yang, Mimi Li Organizations: Hong Kong CNN, National Immigration Administration, University, Cici, Warriors, China News Service, CNN, Labor, Hong Kong Polytechnic University Locations: Hong Kong, Zibo, Shandong, Beijing, China, Datong, Gansu, Tianshui City, Gansu Province, Weibo, Hong
When Sam Watson set a speed climbing world record of 4.75 seconds in the Parisian suburbs, where a temporary climbing wall has been installed for the Olympics, he became the owner of a unique sporting accolade. “That’s a cool title, no one can take that away I suppose.”For those spectating at a speed climbing event, a moment’s distraction can prove costly. Watson set the previous speed climbing world record of 4.79 seconds at a World Cup event in China earlier this year, before Indonesia’s Veddriq Leonardo matched that time in Tuesday’s heats. “But I did go a lot faster in practice and I did have the idea that it was possible [to get a world record]. Speed climbing is considered a different skill to lead and bouldering, and mastering all three is a near-impossible task.
Persons: Le, , Sam Watson, , Watson, , Indonesia’s Veddriq Leonardo, Fabrice Coffrini, Adam Ondra, Poland’s Aleksandra Mirosław, “ It’s, , – Leonardo, Rahmad Adi Mulyono – Organizations: Paris CNN —, Olympics, Olympic, Paris, Getty, Pan American Games, Paris Olympics, Team USA Locations: Le Bourget, Paris, Texas, China, AFP, Tokyo, Czech, Southlake , Texas
The Pan American Health Organization has issued an epidemiological alert as Latin America experiences a rise in cases of the Oropouche virus, a little-known disease spread by midges and mosquitoes. At least 8,078 confirmed Oropouche cases, including two fatal cases, have been reported in the Americas. That’s 90% of all confirmed Oropouche cases in the Americas and a significant jump from the 832 cases Brazil reported last year. Brazilian health officials who were conducting a study on four newborns with microcephaly found the babies already had antibodies against Oropouche virus. Oropouche virus symptoms are similar to those of dengue, according to the CDC.
Persons: PAHO, Oropouche, microcephaly Organizations: Pan American Health Organization, U.S . Centers for Disease Control, CDC, NBC Locations: America, Americas, Bolivia, Colombia, Cuba, Peru, Brazil, Oropouche
This is China’s second gold in swimming at the Paris Olympics, following Pan’s record-setting win last Wednesday. In China, many social media users saw the Chinese swim team’s historic win in the relay as a resounding vindication. The hashtag “Pan Zhanle’s stunning reversal” racked up more than 500 million views, as did another hashtag about the relay gold medal. Pan, who turned 20 on Sunday, called the team gold medal his birthday present. The Chinese swim team is always the best!”Pan also won fans for his confidence and candidness.
Persons: Pan Zhanle, Pan, WADA, , , , Pan’s, Christian Liewig, Brett Hawke, Adam Peaty, we’ve, I’ve, ” Peaty, you’ve Organizations: Hong Kong CNN, Olympics, Team USA, Paris, Tokyo, China’s, Doping Agency, Tokyo Games, New York Times, ARD, Paris Olympics, Australian Olympic, British, Reuters Locations: China, Hong Kong, States, Beijing, Weibo, Paris, Australian
You only need to save my phone number," the AI responded in Spanish — before sharing my phone number. Someone in this WhatsApp group had asked Meta AI for its phone number — and again it shared my number. It had replied that it did, and Maxi simply had to message a phone number — my phone number — to access the content. Since I asked Meta's communications team for help, I haven't received any more messages from people looking for Meta AI. Another time, Meta AI said it didn't have a phone number (it actually does, +1 313-555-0002, although it doesn't advertise it publicly).
Persons: Franco, escuadron lobo, Tell Gretel, he'd, Franco chimed, Meta, chatbot, Taylor, Taylor Swift, Maxi, I'm, I've, Pablo Morano, Meta's Emil Vazquez, Mark Zuckerberg, that's, Axel Springer, Cooper Neill, Getty, LLMs, Meta's, haven't, you've Organizations: Meta, alfa buena, Alpha, Business, Tech, LinkedIn, Facebook, Team Alpha, Squadron, Maxi, BSR Agency, Business Insider, CBC News Locations: Peruvian, Spanish, LLMs, scammers, WhatsApp, Memphis , Tennessee
Signs of a slowing U.S. economy sowed panic among investors on Monday, with a sell-off in markets that began last week turning into a global rout. The moves were a sharp reversal in major stock markets, which for much of the past year have risen to new heights, propelled by optimism about cooling inflation, solid labor markets and the promise of artificial intelligence technology. South Korea’s benchmark Kospi index fell more than 10 percent at one point. Japanese stocks have been on a tear for more than a year, fueled by a weak Japanese yen. Adding to the pressure, foreign investors have started selling off positions in Japanese stocks over the last few weeks.
Persons: , Andrew Brenner, Goldman Sachs, Goldman, Jordi Basco Carrera, , Basco Carrera, Jitters, Jesper Koll, Koll, John Liu, Melissa Eddy Organizations: Federal, Nasdaq, National Alliance Securities, Equity, Technology, Samsung Electronics, Taiwan Semiconductor Manufacturing Company, Nvidia, Intel, Allianz, Monex, Bank of Japan, Tokyo Stock Exchange Locations: Asia, Europe, Americas, Japan, U.S, Taiwan, Singapore, Australia, Hong Kong, China, Stocks, India, Netherlands, Switzerland, New York, Munich, , New, Seoul, Berlin
While both numbers were more than any other nation, it was a slight step back by supremely high U.S. standards. No American man had won an individual gold this meet until Finke set his world mark. “The whole ‘the men’s team hasn’t won an individual gold medal’ [narrative] was in the back of my mind,” he told reporters. The U.S. team of Ryan Murphy, Nic Fink, Caeleb Dressel and Hunter Armstrong took silver and France the bronze. “The wealth is just getting spread around, we’re not getting any worse,” said Dressel, who took home two golds and a silver from these Games.
Persons: Bobby Finke, Finke, hasn’t, , , Regan Smith, Lilly King, Gretchen Walsh, Torri Huske, Ryan Murphy, Nic Fink, Caeleb Dressel, Hunter Armstrong, Dressel, we’re Organizations: Paris La Défense, U.S Locations: NANTERRE, France, U.S, Tokyo, Rio, London, Beijing, Athens, Sydney, Florida, Moscow, United States, China, Australia, Italy
Pan won the other gold by setting a world record in the 100-meter free Wednesday. China won 12 swimming medals in Paris, doubling its tally from Tokyo, though finishing with one fewer gold. Some of the athletes who tested positive went on to medal in Tokyo. Who knows?”AdvertisementThe Chinese swimmers were not shielded from the questions. Pan, the two-time gold medalist, was not one of the 23 swimmers who tested positive before Tokyo.
Persons: Pan Zhanle, Pan, WADA, Katie Ledecky, ” Ledecky, that’s, there’s, Adam Peaty, we’ve, , , Kyle Chalmers, Chalmers, “ I’m, ” Chalmers, Zhang Yufei, they’ve, Adam Pretty Organizations: China, Tokyo Games, France, The New York Times, ARD, Tokyo, Doping Agency, Associated Press, Guardian, TMZ, Games, AP, New York Times Locations: United States, China, Great Britain, Paris, Tokyo, German, , Shanghai
Relive the Biggest Little Swims in Paris
  + stars: | 2024-08-03 | by ( Nick Bartzokas | Alice Fang | Jon Huang | ) www.nytimes.com   time to read: 1 min
Amid talk of the Olympic pool being “slow” because of its relatively shallow depth, China’s Pan Zhanle is the only swimmer so far to set a world record. He beat the rest of the field by more than a second, wide margins for a sprint event. Race is shown at 4x speed.
Persons: Zhanle
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