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AdvertisementThis as-told-to essay is based on a conversation with Setu Shah, founder of Financial Doula. Here are the three items that all parents should budget for during the first year and beyond. Physical and mental healthIn the first year postpartum, there are so many small supports that can help parents, especially moms. AdvertisementSometimes, women need help in justifying these costs, especially if their male partner is making more money than they are. These 2 questions can help open money conversationsHaving a baby brings a lot of financial stress that many couples haven't faced before.
Persons: Setu Shah, , I'd, I've, haven't, I'm Organizations: Service
As a former acting U.S. trade representative who also served on the National Security Council, I’ve engaged in international economic policymaking firsthand. Trump’s main economic idea is to indiscriminately impose tariffs on U.S. trading partners, but it is American importers, exporters and consumers who will pay the price. When Trump last levied tariffs, the EU, Canada, China and other trading partners imposed their own tariffs in retaliation. While President Joe Biden left most of Trump’s tariffs against China in place, he managed to negotiate agreements that led to the easing of many retaliatory measures. As president, Harris would lead an economy that helps everyone, not just those at the very top.
Persons: you’re, it’s, you’ve, Kamala Harris, Donald Trump, I’ve, Harris, Shawn Fain, , ” Harris, Harris ’, Trump, Smoot, Hawley, Mitch McConnell, “ I’m, Trump’s, Davidson, Joe Biden, Biden Organizations: National Security Council, United Auto Workers, Democratic Party, Republican, Foundation, European Union, Pennsylvania Farm Bureau, , Harley, EU Locations: Pennsylvania, Michigan, Wisconsin, America, China, U.S, EU, Canada
New York-based BBG Ventures has raised a new $60 million fund. The latest fund will invest in both female founders and those with diverse backgrounds. Ten years later, the seed stage fund has raised a new $60 million fund and is moving beyond just backing female founders to any entrepreneur from a diverse background. AdvertisementWhen Verizon bought AOL in 2015, BBG Ventures separated and raised a new $50 million fund. Related storiesDua explained that the decision to move beyond exclusively backing just female founders reflects the duo's shift in thesis around innovation.
Persons: , VCs, Susan Lyne, Nisha Dua, Lyne, Dua, Nordstrom, clamoring Organizations: BBG Ventures, California Endowment, Mizuho, Service, AOL, Founders, Spring Health, Verizon, State of Michigan Retirement Services, Illumen, Investments, Fairview Capital, Bank of America Locations: York, U.S, Spring, Nara, Dua, Lyne
CFRA trimmed its Amazon price target to $219 a share on October 21, indicating 13% upside ahead. The firm has a "buy" rating on the stock and a $210 price target, which implies an 8.3% gain from current levels. The firm said investors have toned down margin expectations due to Amazon's spending in new investment areas, such as Project Kuiper. AdvertisementWedbush reiterated its "outperform" rating and $225 price target, implying a 16% gain from current levels. Morgan Stanley has a $210 price target for the stock, representing upside of about 8% from Wednesday's share price.
Persons: , Arun Sundaram, Sundaram, Justin Post, BofA, Scott Devitt, Wedbush, Morgan Stanley, Bullish, Brian Nowak Organizations: Service, CFRA, Bank of America, Amazon Web Services, 3Q, JPMorgan, Wedbush Securities
A Chinese flag is displayed next to a "Made in China" sign seen on a printed circuit board with semiconductor chips, in this illustration picture taken February 17, 2023. The Biden administration said on Monday it is finalizing rules that will limit U.S. investments in artificial intelligence and other technology sectors in China that could threaten U.S. national security. The new rules are effective Jan. 2 and will be overseen by Treasury's newly created Office of Global Transactions. Treasury said the "narrow set of technologies is core to the next generation of military, cybersecurity, surveillance, and intelligence applications." The rule covers technologies like "cutting-edge code-breaking computer systems or next-generation fighter jets," added Paul Rosen, a senior Treasury official.
Persons: Biden, Joe Biden, Treasury's, Paul Rosen Organizations: U.S . Treasury, Global Transactions, Treasury Locations: China, U.S
Inside one of Equinix's internal operations at Equinix Data Center in Ashburn, Virginia, on May 9, 2024. Measures aimed at curbing U.S. investments into China in sensitive technologies are in the final stage of review, a U.S. government update showed. Under this set of rules, the Treasury Department will require notification of outbound investments into China in sensitive technologies including artificial intelligence, semiconductors, microelectronics and quantum computing that can be employed for developing military capabilities. The final rules will likely be released within the "next week or so," according to Reuters. In June last year, U.S. Treasury Department released proposals that include potential outright bans on certain investments into China in these cutting-edge technologies.
Persons: Joe Biden, Laura Black, Organizations: Equinix Data, Treasury Department, Reuters, U.S . Treasury Department, Former Treasury, — Reuters, Treasury Locations: Ashburn , Virginia, China, U.S
Markets are now braced for what could follow a likely Israeli retaliation against Iran. watch nowOil prices gained over 5% in the previous session following the missile strike, before tapering to a 2.5% climb. Oil infrastructure 'tempting targets for Israel'Lewis Sage-Passant, an adjunct professor of intelligence at Sciences Po in Paris, described energy markets as jittery, as investors watch for Israel's next moves. Even without direct targeting, much of the world's oil infrastructure sits under these missile's flight paths, so naturally everyone is very nervous." Questions remain whether a strong Israeli response would restore deterrence or trigger further escalation from Iran and tip the nations into a full-blown war.
Persons: Amir Cohen, Hassan Nasrallah, Lewis Sage, Jake Sullivan, Roger Zakheim, what's, Zakheim, Abbas Araghchi, Sara Vakhshouri Organizations: Reuters Israel's, Brent, West Texas, Isles, RBC Wealth Management, Sciences Po, Israel, Energy, U.S . National, Ronald Reagan Institute, Investments, Saab, BAE Systems, Thales, Rheinmetall, Iran's, SVB Energy Locations: Ashkelon, Israel, Tel Aviv, Iran, Tehran, London, Asia, Paris, U.S, Washington
Last year, Son — who says he uses ChatGPT every day — is said to have met with Sam Altman, the A.I. That included talks for Son to provide up to $1 billion in funding to Altman and Jony Ive, the designer behind the iPhone, to create an A.I.-powered replacement for the smartphone. Bloomberg reported that SoftBank had hoped to be part of OpenAI’s last fund-raising round, but was instead wait-listed. Son is also trying to organize the auto industry around the use of A.I. The strike poses a significant threat to the U.S. economy, with analysts estimating it could cost up to $7.5 billion a week.
Persons: SoftBank, Son —, Sam Altman, Altman, Jony, Son, Cerebras Organizations: Bloomberg, Nvidia, Gulf Coasts, International Longshoremen’s Association Locations: OpenAI’s, ramping, A.I, British, Wayve, Gulf, U.S
Microsoft CEO Satya Nadella is defending the role of artificial intelligence — particularly in the workplace — like it's his job. AI can help people boost their productivity right now, Nadella said during a virtual appearance at the Fast Company Innovation Festival 2024 last week. Longer-term, it could help take on roles, even involving decision-making, across "healthcare or in finance or any other domain," he said. All that money has yet to yield a tool that actually helps most businesses earn more revenue, the Goldman Sachs report said. Plus, sign up for CNBC Make It's newsletter to get tips and tricks for success at work, with money and in life.
Persons: Satya Nadella, Nadella, Microsoft's, , Goldman Sachs, Jim Covello, Gary Marcus, CNBC's, Marcus, you'll Organizations: Fast, Microsoft, New York University, Workforce, CNBC
In another twist of his extreme rhetoric, Trump also seems to be seeking scapegoats should he lose the election in just over 40 days. Last week, at an event on antisemitism, the former president warned that “the Jewish people” would be partly to blame if he loses in November. As president, I have to be your protector.”Former President Donald Trump holds a fighting antisemitism event at Trump National Golf Club Bedminster on August 15, 2024, in Bedminster, New Jersey. On Monday, the former president warned that if Congress tried to block him from imposing new tariffs on China, he’d just ignore lawmakers. Like Trump, Harris argues that US Steel should remain American owned in opposing a sale to Nippon Steel — Japan’s biggest steelmaker.
Persons: Donald Trump, , ” Trump, Kamala Harris, Harris, , Trump, Benjamin Netanyahu, he’s, Biden, Netanyahu, , Adam Gray, We’re, Viktor Orbán, ” mused Trump, Republican Party —, Xi Jinping, Xi, he’d, John Deere, “ I’m, haven’t, Joe Biden, Win McNamee Organizations: CNN, Democratic, Fox News Town, America, Trump National Golf Club Bedminster, Getty, Farmers, Capitol, Republican, Republican National Convention, Republican Party, Monday, Investments, Trump, The New York Times, Siena College, Steel, Nippon Steel Locations: Pennsylvania, China, Israel, Bedminster , New Jersey, Harris, America, Hungarian, Beijing, Mexico, United States, Illinois, Ramos, Sprankle's, Kittanning , Pennsylvania, Arizona , North Carolina, Georgia
Josh Allen, #17 of the Buffalo Bills, warms up prior to an NFL game against the Miami Dolphins at Hard Rock Stadium in Miami Gardens, Florida, on Sept. 12, 2024. It won't be an ordinary "Monday Night Football" gameday for Buffalo Bills fans next week. Erie County, where Buffalo sits, is selling the bonds to help fund half the $250 million it agreed to put up for the new stadium. The new stadium will be owned by the Erie County Stadium Corporation and the Bills will pay rent. The Buffalo Bills are 2-0 this season and take on the winless Jaguars on Monday night.
Persons: Josh Allen, Kevin Hardwick, Hardwick Organizations: Buffalo Bills, NFL, Miami Dolphins, Jacksonville Jaguars, Bills, Retail, Investments, CNBC's Official NFL, National Football League, Kansas City Chiefs, Erie, Stadium Corporation Locations: Miami Gardens , Florida, Orchard Park, Buffalo, Erie County, New York, Erie
Last week, NFL team owners voted to allow an initial group of private equity firms to acquire up to a 10% stake of a franchise. "This isn't a case where private equity is going to come in and have influence on the franchise." Private equity has been eager to take stakes in sports as team valuations rise, mainly due to ballooning media rights deals. As investors, private equity firms often take management and board roles. Private equity investments typically have a set duration — it can range from three to seven years in many cases — and an expected return.
Persons: Ric Tapia, Steve Pagliuca, Shirin Malkani, Perkins, Anthony Mulrain, Toney, Angela Weiss, Michael Considine, Ellis, Jimmy Haslam, Mulrain, Eric Washington, Robin Alam Organizations: NFL, Los Angeles Rams, Houston Texans, NRG, Getty, National Football League, Bain Capital, CNBC, Washington, Denver Broncos, Carolina Panthers, Holland, Kansas City Chiefs, Philadelphia Eagles, Farm, Afp, National Basketball Association, Major League Baseball, National Hockey League, Major League Soccer, Kirkland, Cleveland Browns, Knight's, Buffalo Bills, Microsoft Locations: Houston, U.S, Glendale , Arizona, Holland
Congress enacted legislation a decade ago to create accounts to help people with disabilities save money. ABLE accounts let disabled individuals save money outside of asset limit requirements set by federal-assistance programs while also accessing certain tax advantages. Investments in ABLE accounts grow tax deferred, while withdrawals are tax free, as long as they are used for qualified expenses. To date, more than 171,000 people with disabilities have saved an average of over $11,000 each through ABLE accounts, according to Casey. Last year, he proposed a bill called the ABLE MATCH Act that would create a federal dollar-for-dollar match to help lower-income disabled individuals save money in those accounts.
Persons: Sen, Bob Casey, Casey, Thomas Foley, Foley Organizations: Aging, Investments, Finance, Administration, National Disability Institute
investments might be three times as large as expected returns, while another analyst, in several assessments published by Sequoia Capital, calculated that investments in A.I. (He called this “A.I.’s $600 billion question” and warned of “investment incineration.”) In a similarly bearish Goldman Sachs report, the firm’s head of global equity research estimated that the cost of A.I. “Replacing low-wage jobs with tremendously costly technology is basically the polar opposite of the prior technology transitions I’ve witnessed,” he noted. expenditure, more than the United States spends annually on its military, and think: What exactly is that money going toward? slop”: often uncanny, frequently misleading material, now flooding web browsers and social-media platforms like spam in old inboxes.
Persons: Goldman Sachs, , Erik Hoel, Anthony Aguirre “, A.I, , slop, we’ve Organizations: Barclays, Sequoia Capital Locations: A.I, United
Causeway Capital Management's Arjun Jayaraman is bullish on one pure-play infrastructure stock: REC , a company which issues loans to power utilities and to other infrastructure. "It is one of the cheapest ways to play infrastructure," the portfolio manager told CNBC Pro Talks last week. Jayaraman manages Causeway's Emerging Markets Fund and International Opportunities Fund . Though he called the Indian market a "very strong growth story," he said he would focus on its small- to mid-cap segment. "Since India is a strong secular growth market, we would say the mid and small-cap [market] is the place to be.
Persons: Arjun Jayaraman, Jayaraman, Narendra Modi Organizations: Investments, CNBC, International, REC, Markets Fund, Fund Locations: India, bullish
U.S. is closer to curbing investments in China's AI, tech sector
  + stars: | 2024-06-22 | by ( ) www.cnbc.com   time to read: +4 min
Public comments on the proposed rules will be accepted until Aug. 4. watch nowTreasury said the new rules were intended to implement "a narrow and targeted national security program" focused on certain outbound investments in countries of concern. Treasury had mapped out the contours of the proposed rules in August. Certain third-country transactions determined to be addressing national security concerns, or in which the third country adequately addressed the national security concerns, could also be exempted, Treasury said. "U.S. investors will need to engage in more extensive due diligence when making investments in China or investments involving Chinese companies that operate in the covered sectors," she said.
Persons: Joe Biden, Investment Security Paul Rosen, Laura Black, Akin Gump, Black, Treasury's Organizations: U.S . Treasury Department, Investment Security, Treasury, Treasury Department, U.S Locations: Europe, United States, Binzhou, East China's Shandong province, China, U.S, Macao, Hong Kong, Washington
The Biden administration on Friday outlined its plans to curb new American investment in critical Chinese technology industries that could be used to enhance China’s military, further straining economic ties with Beijing at a time when trade tensions are rising. The proposed Treasury Department rules would prohibit certain U.S. investments in Chinese companies that are developing semiconductors, quantum computers and artificial intelligence systems. The Biden administration is trying to restrict American financing from helping China develop advanced technology that could be used for weapons tracking, government intelligence and surveillance. They come nearly a year after President Biden signed an executive order calling for the investment ban, which will largely affect venture capital and private equity firms that do business with Chinese companies. “This proposed rule advances our national security by preventing the many benefits certain U.S. investments provide — beyond just capital — from supporting the development of sensitive technologies in countries that may use them to threaten our national security,” said Paul Rosen, the Treasury Department’s assistant secretary for investment security.
Persons: Biden, , Paul Rosen Organizations: Beijing, Department, Treasury Locations: China
Costfoto | Future Publishing | Getty ImagesLONDON — Pharmaceutical company AstraZeneca on Tuesday said it planned to increase its total revenue to $80 billion by 2030 — up 75% from $45.8 billion in 2023. AstraZeneca will focus on its oncology, biopharmaceuticals and rare diseases businesses and expects to release an additional 20 medicines in the next six years. "Many of them have the potential to be $5 billion drugs," Sarin noted. A company statement detailed that this revenue figure could be hit annually for many of the new medicines in peak years. "For the entire market to get replaced it will take time, but we think we have the technology today to start replacing them," Sarin told CNBC.
Persons: CNBC's Arabile Gumede Organizations: Astrazeneca, Artificial Intelligence, — Pharmaceutical, AstraZeneca, CNBC, U.S . FDA, Pharmaceuticals, Investments Locations: Shanghai, China, Europe, London, Singapore
Profit hit $21.9 billion, up from $18.3 billion. A year after Microsoft began its push to put A.I. into everything it does, the company said sales of its flagship cloud computing product, Azure, had grown 31 percent. push has helped it gain market share from Amazon, the leading cloud services provider. In January, the company said 53,000 customers were using its cloud A.I.
Persons: Microsoft’s Organizations: Microsoft, Revenue, Amazon
Shares of Danaher popped more than 7% on Tuesday after the life sciences company delivered beats across its three main businesses — a sign the long-awaited turnaround in the biotech industry is finally here. Danaher Why we own it : Danaher is a best-in-class life sciences and diagnostics company, with a management team who have proven time and again their ability to find new ways to grow. The turnaround is now in effect, with bioprocessing orders up on a sequential basis. Within the segment, bioprocessing sales fell a "high teens" percentage, while discovery and medical declined 20% year over year. Diagnostics sales advanced 7.5% on a core basis to $2.53 billion.
Persons: Danaher, Blair, Beckman Coulter, Jim Cramer's, Jim Cramer, Jim, Igor Golovnov Organizations: LSEG, Bloomberg, Biotechnology, Management, CNBC, Getty Locations: bioprocessing, China, North America, Europe
Winmill expects shares to rise 114% to 4.50 Canadian dollars ($3.27) from current levels. Arizona Metals's stock has a consensus price target of 6 Canadian dollars, representing a potential upside of 185%, according to FactSet data. BMO Capital Markets analyst Rene Cartier has a price target of 6.50 Canadian dollars on the stock, giving it upside potential of 209%. Beacon Securities analyst Bereket Berhe, meanwhile, has set a price target of 10.50 Canadian dollars, suggesting a potential upside of 400%. This makes Scotiabank's price target the most conservative among analysts polled by FactSet.
Persons: Kay, bode, Eric Winmill, Winmill, Rene Cartier, Bereket Berhe Organizations: Arizona Metals Corp, Scotiabank —, Scotiabank, AMC, Arizona Metals's, BMO Capital, Beacon Securities, FactSet Locations: Canadian, Phoenix , Arizona, United States, Arizona
The U.S. Investors Caught in the Scrum Over TikTok
  + stars: | 2024-03-26 | by ( Lauren Hirsch | ) www.nytimes.com   time to read: +1 min
For years, the U.S. investors who backed ByteDance, the Chinese internet company that owns TikTok, have wrestled with the complexities of owning a piece of a geopolitically fraught social media app. A bill to force ByteDance to sell TikTok is winding its way through the Senate after sailing through the House this month. In December, a Missouri pension board voted to divest from some Chinese investments, following political pressure from the state treasurer. The Beijing-based company has grown into one of the world’s most highly valued start-ups, worth $225 billion, according to CB Insights. That’s a boon, at least on paper, for U.S. investors who put money into ByteDance when it was a smaller company.
Persons: it’s, ByteDance, Biden Organizations: Senate, General Atlantic, Susquehanna International Group, Sequoia Capital, Administration, U.S Locations: U.S, China, Missouri, Florida, Beijing, ByteDance
The House Select Committee on the CCP, established in January last year, led the legislative act to essentially ban TikTok in the U.S. if its Chinese parent ByteDance doesn't sell the popular social media app. watch nowThe House select committee in February also published a report alleging U.S. venture capital firms invested billions "into PRC companies fueling the CCP's military, surveillance state and Uyghur genocide." Similar research detailing the links between U.S. capital, venture firms in China and Chinese tech startups has started making its rounds in major media outlets since late 2023. The Senate in July overwhelmingly passed a bill that would have required U.S. investors in advanced Chinese technology to notify the Treasury Department. The Biden administration in August issued an executive order aimed at restricting U.S. investments into semiconductor, quantum computing and artificial intelligence companies citing national security concerns.
Persons: Ken Cedeno, that's, Mike Gallagher, Gallagher, Andrew King, King, Biden, Michael McCaul, Gregory W, Meeks Organizations: U.S, Capitol, Reuters, The U.S, Congress, Chinese Communist Party, CNBC, House Armed, Technologies, Innovation, Intelligence, CCP, Future, Ventures, Treasury Department, Treasury, Foreign, China's Ministry of Commerce, Financial Regulatory Administration Locations: Washington , U.S, Reuters BEIJING, The, China, United States, U.S, Beijing, San Francisco
Microchip giant Nvidia has been the banner name, having returned an eyewatering 1,904% over the past five years. Why smaller stocks tend to outperform larger onesIt's not hard to picture how small companies can have a growth advantage over large ones. That's why investors who are looking to boost their long-term returns over time — especially those currently heavily concentrated in large stocks — are encouraged to diversify into small- and mid-cap stocks. "Smaller companies generally experience more volatility." How to add small and midsize stocks to your portfolio
Persons: you'd, It's, Dow, Jeremy Straub, Greg Marcus, it's, you'll Organizations: Nvidia, Micro, Energy, Microsoft, Apple, Dow Jones, Wealth, CNBC, UBS Private Wealth Management, Hennessy Funds Locations: U.S, someone's
A record amount of renewable energy, led by solar, was added to the grid. It was the opposite story for wind power. They generated a record 41% of US power in 2023. Rowlands-Rees said that falling gas prices made it the cheapest form of energy in 2023. The power sector, as recently as 2016, was the top emitter.
Persons: BloombergNEF, Tom Rowlands, Rees, BloombergNEF's, Rowlands, , Biden, Jeannie Salo Organizations: Service, Investments, Business, Companies, Industry, Schneider Electric, Toyota Locations: China, America, Japan, Southeast Asia, Coast, New York, Massachusetts, Georgia, North Carolina, Business
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