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☆ FBI investigating whether burglaries targeting athletes are linked to a transnational crime ring
▼ + stars: | 2024-11-21 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Tom_Winter_Nbc_News.Jpg | Tom Winter | ) www.nbcnews.com time to read: +2 min

The officials said Wednesday that they have not made any determination as to who exactly is responsible, and the investigation is ongoing. The report did not identify Mahomes, but the address listed matches public records for Super Bowl-winning the quarterback. Travis Kelce and Patrick Mahomes of the Kansas City Chiefs on Dec. 17, 2023, in Foxborough, Mass. Twenty-thousand dollars was taken, according to a police report obtained by NBC affiliate KSHB of Kansas City. “We are aware of some of the other athletes in different states that have had their homes burglarized," the statement said.

Persons: Patrick Mahomes, Travis Kelce, Mahomes, Sarah Stier, Bobby Portis, Mike Conley Jr, Conley, ” Organizations: FBI, Kanas City Chiefs, Sheriff’s Office, Super Bowl, Kansas City Chiefs, NBC, Milwaukee Bucks, The Minneapolis Star Tribune, Minnesota Timberwolves, Minnesota Vikings, NBC News Locations: South America, Belton , Missouri, Cass, Foxborough, Leawood , Kansas, Kansas City, Medina , Minnesota

☆ Louisiana trooper avoids jail time in deadly arrest of Black motorist Ronald Greene
▼ + stars: | 2024-10-29 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +5 min

— A Louisiana state trooper pleaded no contest Monday to significantly reduced charges that spare him jail time in the deadly 2019 arrest of Black motorist Ronald Greene, the first conviction of any kind in a prolonged police brutality case that once prompted national outrage. It’s unfair.”District Attorney John Belton declined to say Monday whether justice had been served in Greene’s death, noting the case remains open. York, 51, also will retain his nearly $83,000-a-year pension following his August retirement from the Louisiana State Police. Greene’s death was among several beatings of Black men by Louisiana troopers that prompted the U.S. Justice Department to open an ongoing civil rights investigation into the state police’s use of force. But federal prosecutors still have not said whether they will file charges in the case following a years-long FBI investigation.

Persons: Black, Ronald Greene, Kory York, Greene, York, “, ”, Mona Hardin, John Belton, Greene’s, Mike Small, “ It’s, John Bel Edwards, Edwards, Chris Hollingsworth, heavyset Greene facedown, ’ Organizations: Louisiana State Police, Republican, Associated Press, ”, York, Louisiana, U.S . Justice Department Locations: La, —, Louisiana, ”, York, Monroe

☆ The 3 biggest themes investors are watching for as earnings season kicks off
▼ + stars: | 2024-10-06 | by ( Matthew Fox | ) www.businessinsider.com time to read: +6 min

Investors expect S&P 500 earnings growth of 4.6% as the stock market trades near record highs. Key themes to watch for include AI adoption, consumer health, and the impact of lower interest rates. AdvertisementEarnings season is fast approaching, and investors have a lot to be on the lookout for as companies report third-quarter results. AdvertisementIn addition to the actual earnings figures, investors will be monitoring key themes as company executives offer guidance during earnings calls. Hainlin said he is encouraged by continued growth in consumer spending as credit card defaults "are within normal levels" and the holiday shopping season is right around the corner.

Persons: Wells, —, Michael Dickson, Tom Hainlin, they're, John Belton, There's, Dickson, delinquencies, Hainlin Organizations: PepsiCo, JPMorgan, Service, Wells, Investments, Business, Wall Street, Bank Wealth Management, Aerospace, Defense, Consumer, Federal Reserve Locations: Wells Fargo, FactSet

☆ Here’s how Apple might cash in on its latest artificial intelligence features
▼ + stars: | 2024-09-24 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Some Wall Street analysts and money managers see a path to monetization ahead for Apple 's latest artificial intelligence features despite some near-term rollout headwinds. Earlier this month, the technology behemoth debuted its iPhone 16 , incorporating its new AI features known as Apple Intelligence. While including Apple Intelligence as a paid tool may not be on investors' radar, some see a strong case for a future added cost down the road. AAPL YTD mountain Apple shares in 2024 The setup with Apple Intelligence could resemble the company's Apple TV debut, notes CFRA Research analyst Angelo Zino. The portfolio manager also sees an avenue for third-party developers to draw on Apple's AI features to improve their offering.

Persons: Craig Moffett, Moffett, Angelo Zino, Zino, Gene Munster, Apple, OpenAI's, John Belton Organizations: Street, Apple, Apple Intelligence, Meta, Deepwater Asset Management Locations: Europe, China

☆ Nvidia CEO Jensen Huang revived the AI trade this week. Here's how the pros are playing it
▼ + stars: | 2024-09-14 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Recent comments from Nvidia CEO Jensen Huang seemed to revive investment in the turbulent AI sector this week, while leading portfolio managers to recenter attention on the winning trades. Nvidia shares rallied more than 8% on the heels of Huang's remarks, which soothed some recent market jitters over the delayed payoff from AI investments. For the week, AI and semiconductor names such as Advanced Micro Devices, Marvell Technology, Super Micro Computer and Broadcom rallied double digits. NVDA 1M mountain Nvidia shares over the past month. Longer term, he views Apple as the leading AI device play and AI personal assistant, especially as more consumers adopt its Vision Pro headset.

Persons: Jensen Huang, We're, Huang, Goldman Sachs, Huang's, Jensen, John Belton, CFRA's Angelo, Apple, Zino isn't, Belton, Mark Malek Organizations: Nvidia, Technology, Devices, Marvell Technology, Micro Computer, Broadcom, Gabelli, Taiwan Semiconductor Manufacturing, Meta, Micron Technology, Apple Intelligence, Dell, Materials, KLA Corporation, Microsoft

☆ To pop or not to pop: the smart way to invest in AI without worrying about the bubble
▼ + stars: | 2024-09-13 | by ( Laila Maidan | ) www.businessinsider.com time to read: +8 min

It's also common to draw parallels between the dot-com bubble and today's hype, leading investors to wonder if there's an AI bubble that's about to pop, too. Goldman Sachs' big AI headline of the month is "To buy, or not to buy, that is the question." The note from September 5, led by Peter Oppenheimer, suggests the answer is "to buy" but also to diversify. And the third is the application providers, which are the companies creating services for end users to harness AI. It comes from machine learning or big data workloads that various companies and governments use, Belton noted.

Persons: —, Goldman Sachs, Peter Oppenheimer, John Belton, doesn't, Brian Colello, Nancy Tengler, that's, it's, Tengler, Wall, Larry Ellison, Colello, Belton Organizations: Service, Business, Gabelli Funds, Morningstar Equity Research, Investments, Nvidia, Companies, Microsoft, Intel, Oracle, IBM, Broadcom, AMD, Cadence Design Systems, Google, AWS, Eaton Corporation Locations: GenAI, Belton

☆ Here are all the reasons why Monday's major market wreck is happening
▼ + stars: | 2024-08-05 | by ( Jeff Cox | ) www.cnbc.com time to read: +5 min

Traders work on the floor of the New York Stock Exchange (NYSE) on August 05, 2024, in New York City. "The market got a little bit ahead of itself in that run-up that it's had. Soon, traders began pricing in aggressive Fed rate cuts after expecting the central bank to do little the rest of the year. "This is the confluence of a very high market that has been soaring and riding on a lot of sentiment and emotion. For several months now, the momentum trade has been the successful trade," said Michael Farr, CEO of Farr, Miller & Washington.

Persons: Spencer Platt, Robert Teeter, it's, John Belton, —, Kamala Harris, Republican Donald Trump, Michael Farr, Farr Organizations: New York Stock Exchange, Getty, Federal Reserve, Silvercrest Asset Management, Dow Jones, Labor Department, Gabelli, Bank of Japan, Nvidia, Democratic, Republican, Miller & Washington Locations: New York City, cumulatively, Ukraine, U.S

☆ Airlines may be struggling but global travel is in an uptrend. These companies are set to benefit
▼ + stars: | 2024-08-02 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

Global Jets ETF , whose largest holdings are Southwest Airlines , United Airlines , American Airlines and Delta Air , is off 7.5% just since the end of June. GE Aerospace GE Aerospace is a pure play on the rise of global air travel, according to John Belton, portfolio manager at Gabelli Funds. Just about all 18 analysts polled by LSEG consider GE Aerospace a buy, with five rating it a strong buy. Central to the investment thesis for GE Aerospace is its market leadership. "The air travel industry is a growth industry," Galluccio said.

Persons: Richard Branson, John Belton, Belton, Nicholas Galluccio, Galluccio, Morningstar, that's, Tony Bancroft, Bancroft, there's, wanderlust Organizations: Virgin Group, U.S . Global Jets ETF, Southwest Airlines, United Airlines, American Airlines, Delta Air, Transportation, Boeing, Airbus, Gabelli, International Air Transport Association, AAR Corp, Teton Advisors, Westwood, Equity, GE Aerospace GE Aerospace, Gabelli Funds, New York Stock Exchange, General Electric, GE Aerospace, LSEG, GE, Airlines, Morningstar, Growth, Max, Federal Aviation Administration, Aerospace & Defense ETF, Heico Corporation, Triumph, TransDigm Locations: U.S, Eastern Europe

☆ Investors are punishing stocks that miss earnings more than normal this season
▼ + stars: | 2024-07-29 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Companies with disappointing quarterly results are getting punished more than usual this earnings season. This phenomenon underscores the high expectations going into this season as well as a stock market that's viewed by many as overheated. Case in point, shares of Ford Motors plunged more than 18% on Thursday after the automaker came in short of earnings expectations due to warranty costs. "So far this earnings season, the results for many large bellwether companies have been better than the stock reactions," John Belton, portfolio manager at Gabelli Funds, said in an email. Investors will be closely watching this week's earnings slate , which includes Microsoft , Meta Platforms , Apple and Amazon .

Persons: FactSet, Peter Boockvar, Dexcom, John Belton Organizations: Bleakley Financial, CNBC, Ford Motors, JPMorgan Chase, Gabelli, Microsoft, Meta, Apple

☆ Apple and Microsoft are among the 'Magnificent Seven' stocks set to report next week. Here's what that means
▼ + stars: | 2024-07-26 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

On Friday, the tech-heavy S & P 500 and Nasdaq Composite ended the week with losses, down 0.8% and 2.1%, respectively. However, the bulk of Magnificent Seven results is set for release in the week ahead. As it is, all seven of the Magnificent Seven companies closed out the week with losses. FOMC meeting, July jobs report Elsewhere, investors will also be reviewing the latest Federal Reserve interest rate decision set for release on Wednesday. Traders will also get insight into the labor market next week, with the release of the July jobs report on Friday.

Persons: Russell, Ryan Grabinski, John Belton, Tesla, Belton, FactSet, Stanley Black, Decker, Lam, Kraft Heinz, Ingersoll Rand Organizations: Nasdaq, Dow Jones Industrial, Microsoft, Facebook, Apple, Nvidia, 2H, 3Q, Gabelli, Traders, Dallas Fed, Semiconductor, Nation Entertainment, Electronic Arts, Starbucks, Match Group, Caesars Entertainment, Corning, Howmet Aerospace, Procter, Gamble, Pfizer, Merck, Co, PayPal, ADP, Civilian Workers, Chicago PMI, MGM Resorts International, Allstate, Lam Research, eBay, Qualcomm, Western, Cruise Line Holdings, Hess, Boeing, Mobile, Marriott International, GE Healthcare Technologies, Generac Holdings, Mastercard, Labor, PMI, Manufacturing, Intel, Holdings, Motorola Solutions, Technology, Air Products, Chemicals, Jobs, Exxon Mobil, Chevron Locations: Chicago, Albemarle, Kellanova, Hershey, Moderna

☆ Semiconductor stocks just capped off a strong start to 2024. What to expect in the second half
▼ + stars: | 2024-07-05 | by ( Samantha Subin | ) www.cnbc.com time to read: +6 min

Wall Street is sticking with semiconductor stocks after its hot start to the year. SMH YTD mountain Share performance in 2024 That said, many investors and analysts expect another strong glide path for the industry in the second half. "The AI theme continues to remain very strong," said CFRA Research analyst Angelo Zino, who holds a buy rating on Nvidia. Many on Wall Street view this upcycle as a significant tail wind for Micron Technology as the industry edges out of its trough. But many on Wall Street viewed the sell-off as a buying opportunity , with Goldman Sachs analyst Toshiya Hari expecting market share gains in high-bandwidth memory.

Persons: frothiness, Angelo Zino, you've, Ken Mahoney, John Belton, we're, Management's Paul Meeks, that's, Harlan Sur, Baird, Ted Mortonson, Jeff deGraaf, CNBC's, Gabelli's Belton, Belton, Meeks, Goldman Sachs, Toshiya Hari, Hari, CFRA, Zino, Baird's Mortonson Organizations: VanEck Semiconductor, Nvidia, Devices, CFRA, Gabelli Funds, Broadcom, JPMorgan, KLA Corp, Cadence Design Systems, Micron Technology, Micron, Qualcomm, Apple Locations: unchartered

☆ The Fed's rate decision and May inflation data will be key tests for the stock market next week
▼ + stars: | 2024-06-07 | by ( Samantha Subin | ) www.cnbc.com time to read: +6 min

The next rate decision from the Federal Reserve coupled with May inflation data, both on Wednesday, will play key roles in how stocks perform next week — quite probably lending added volatility to an already jittery market. The Fed's rate decision All eyes are on the Fed next week and its rate decision that's set to come down at 2 p.m. Wednesday. But investors have tempered expectations since then amid a spate of stubborn inflation data. That makes May's consumer price index report due out before the bell Wednesday another key focal point for investors. Economists polled by Dow Jones are bracing for the consumer price index to rise 3.4% year over year and 0.1% on a monthly basis.

Persons: nonfarm, Kathryn Kaminski, Scott Wren, they've, it's, Tony Roth, Envestnet's Dana D'Auria, D'Auria, Dow Jones, Wells, Wren, John Belton, Apple, Jerome Powell, John Wiley Friday Organizations: Federal, Nvidia, Apple, Microsoft, GameStop, Dow, AlphaSimplex Group, Fed, Federal Open Market, European Central Bank, European Union, Wells Fargo Investment, Wilmington Trust's, CPI, Apple's Worldwide, Broadcom, Dave, Treasury, Signet Jewelers, University of Michigan Locations: Wells Fargo, Cupertino , California

☆ Tornado causes havoc in Texas as record-breaking heatwave looms
▼ + stars: | 2024-05-23 | by ( Patrick Smith | ) www.cnbc.com time to read: +2 min

Debris and a damaged building are seen in the aftermath of a tornado in Temple, Texas, U.S., May 22, 2024, in this screengrab obtained from a social media video. A tornado ripped through central Texas Wednesday evening, causing huge damage and destroying homes, as forecasters warn of a potentially record-breaking heatwave in the state. The city of Temple, northeast of Austin, declared a state of emergency and opened a shelter for displaced people after a twister caused widespread devastation. Footage posted to social media shows buildings in Temple and nearby Belton missing roofs, piles of rubble and smashed windows. Flood warnings were in place Thursday morning for much of northern Texas, including Dallas and Forth Worth, along with parts of Oklahoma.

Persons: Young Organizations: NBC, NWS, Austin Locations: Temple , Texas, U.S, Texas, Temple, Austin, Bell, Belton, Dallas, Forth Worth, Oklahoma, Louisiana, Antonio, Iowa, Greenfield

James Lemons was carrying daughter Kensley on his shoulders at the Kansas City Chiefs Super Bowl parade when he felt a bullet enter the back of his right thigh. In the chaos of being shot at the Kansas City Chiefs Super Bowl parade, then hospitalized, Sarai Holguin lost her purse and cellphone. In the chaos of being shot at the Kansas City Chiefs Super Bowl parade, then hospitalized, Sarai Holguin lost her purse and cellphone. A bullet went through the jaw of Mireya Nelson during the Kansas City Chiefs Super Bowl parade on Feb. 14, 2024. Erika NelsonMireya Nelson, who was shot during the Kansas City Chiefs Super Bowl parade on Feb. 14, 2024, undergoes her first physical therapy session while still in the hospital.

Persons: James Lemons, Sarai Holguin, Mireya Nelson, it’s, ” Lemons, Nelson, Lemons, Kensley, Detectives, ”, —, Jaxson, “ I’m, Brandie, I’m, “ I’ve, I’ll, Leslie Carto, Brendan Campbell, Campbell, Louis, ” Punch, Bram Sable, “, They’ve, ’ Sarai Holguin, Holguin, she’d, Cesar, Christopher Smith, Lisa Lopez, Galvan, Lopez, didn’t, ” Holguin, “ It’s, ” Campbell, Holguin isn’t, Erika, Mireya, ” Mireya, ” Erika, aren’t, Punch, Erika Nelson Mireya Nelson, Erika Nelson Mireya, ’, Dr, Sanjay Gupta, Erika doesn’t Organizations: CNN, Kansas City Chiefs Super, Chiefs, University Health, ” University Health, Surgeons, Connecticut Children’s, Control, American College of Surgeons, Trauma, KFF, Union, KFF Health, Mexican Consulate, Centers for Disease Control, Get CNN, CNN Health, KC Locations: Mexico, U.S, Holguin, Harrisonville , Missouri, Kansas City, Connecticut, St, Puebla, Missouri, Mexican, Jackson, Belton , Missouri, downtown, KCUR

☆ Party City is planning to close over 30 stores across the country — here's the full list
▼ + stars: | 2023-05-09 | by ( Avery Hartmans | Ben Tobin | ) www.businessinsider.com time to read: +5 min

Party City says it's closing over 30 stores after filing for Chapter 11 bankruptcy protection. Cartersville: Cartersville Crossing, 451 East Main St.IowaWaterloo: Crossroads Commons Shopping Center, 1415 Flammang Dr.IllinoisBradley: Bradley Commons, 2060 N. State Rte. 20Felch Street Shopping Center, 3050 Beeline Rd., Ste. L12East Hills Shopping Center, 3702 Frederick Ave., Ste. K2Five Points Shopping Center, 4101 Hwy.

☆ What the Boston Marathon Finish Line Means Now
▼ + stars: | 2023-04-15 | by ( Talya Minsberg | Matthew Futterman | ) www.nytimes.com time to read: +14 min

The Boston Marathon is arguably the most elusive finish line of all, and not just anyone can cross it. In 2013, on a cool, partly sunny day, this ebullient scene was shattered when two bombs exploded near the finish line. On Monday, nearly 30,000 runners will journey, down and up and down, toward the finish line of the 127th Boston Marathon. Volunteer, runner I used to volunteer at the finish line, reading information about runners as they finished for the announcer. It means something so different crossing that finish line compared to other marathon majors.

☆ News organizations reject Elon Musk’s demand of paying to keep checkmarks on Twitter
▼ + stars: | 2023-03-30 | by ( Oliver Darcy | ) edition.cnn.com time to read: +3 min

New York CNN —News organizations have a message for Elon Musk: We are not going to pay you for checkmarks on Twitter. Historically, a blue checkmark placed next to the name of an account has indicated that the social media company has confirmed the identity of the person or business operating it. Musk earlier this year launched Twitter Blue, a subscription service that costs $8 a month. A blue checkmark. POLITICO additionally said it will not pay for Twitter Blue.

☆ Party City is planning to close 22 stores after filing for bankruptcy — here's the full list
▼ + stars: | 2023-02-17 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +3 min

Party City is closing 22 stores after filing for Chapter 11 bankruptcy protection in January. Cartersville: Cartersville Crossing, 451 E Main St.IowaWaterloo: Crossroads Commons Shopping Center, 1415 Flammang Dr.IllinoisBradley: Bradley Commons, 2060 N State Rte. MichiganHolland: Felch Street Shopping Center, 3050 Beeline Rd., Ste. 20Felch Street Shopping Center, 3050 Beeline Rd., Ste. TexasCorpus Christi: Five Points Shopping Center, 4101 Hwy.

☆ Chewy Looks to Open More Automated Fulfillment Centers in Drive to Control Costs
▼ + stars: | 2023-01-03 | by ( Nina Trentmann | ) www.wsj.com time to read: +5 min

Online pet retailer Chewy Inc. plans to open more automated fulfillment centers in 2023 to control costs and raise efficiency, which could help the company repurpose certain capital spending, its finance chief said. Photo: Chewy Inc.“When we think about the future of our fulfillment network, automation is at the center of that,” Mr. Marte said. The company, which had over 21,000 employees and 13 fulfillment centers in December, usually requires about 1,200 people for a manned distribution center. “Those are real dollars,” Mr. Marte said, adding that Chewy is working to grow profits and taking out costs. Over time, the company could defer or lower some of its capital expenditures, Mr. Marte said.

☆ Five Louisiana officers charged in Black motorist’s deadly arrest
▼ + stars: | 2022-12-16 | by ( The Associated Press | ) www.nbcnews.com time to read: +7 min

— Five Louisiana law enforcement officers were charged with state crimes ranging from negligent homicide to malfeasance Thursday in the deadly 2019 arrest of Ronald Greene. Others, including a Union Parish sheriff’s deputy and three other troopers, were charged with malfeasance and obstruction of justice. Louisiana State Police via APUnion Parish District Attorney John Belton submitted arrest warrants for all five of the indicted officers. And for the first time in the case, a medical expert deemed Greene’s death a homicide. Edwards has repeatedly said he did nothing to influence or hinder the Greene investigation and has described the troopers’ actions as both criminal and racist.

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