DIRS.INFO The most relevant business & tech news

☆ Traders like the broadening postelection rally, but are getting worried about rising dollar threat
▼ + stars: | 2024-11-18 | by ( Frank Holland | In Frank-Holland | ) www.cnbc.com time to read: +4 min

(This is a wrap-up of the key money moving discussions on CNBC's "Worldwide Exchange" exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. The ICE U.S. Dollar index is currently at a higher level than it was in June of 2022 when Microsoft warned of a stronger dollar impact to earnings. Other multi-national companies including Johnson and Johnson, Estee Lauder and Amazon also warned of the dollar impact that year. "I think the choices are already made to a certain extend," said Ross Mayfield Investment Strategist for Baird Private Wealth Management on Worldwide Exchange.

Persons: Kevin Mahn, Walsh, Steve Sosnick, Johnson, Estee Lauder, Joe Biden, XI Jinping, Xi, Trump, Ross, Mayfield, Mahn Organizations: PRO, Worldwide, Interactive Brokers, ICE, Microsoft, Amazon, Evercore ISI, Economic Cooperation, Ross Mayfield Investment, Baird Private Wealth Management, Worldwide Exchange, Howmet Aerospace, Defense Locations: Hennion, United States, China, Asia, U.S

☆ ETF flows on track to hit record above $1 trillion by year-end, VettaFi data shows
▼ + stars: | 2024-11-14 | by ( Frank Holland | In Frank-Holland | ) www.cnbc.com time to read: +4 min

Inflows are on track to hit the $1 trillion milestone by year-end, as the election acts as a new catalyst, the firm found. ETFs have seen inflows of more than $58 billion since Election Day, according to State Street Global Advisors. State Street's popular SPDR S & P 500 ETF Trust (SPY) has seen more than $12 billion of new money, since the Nov. 5 election. ETF flavors garnering notable flows The ETFs that track indexes have seen the biggest dollar inflows. State Street said its SPDR Galaxy Digital Asset Ecosystem ETF (DECO) has seen inflows increase by 26% since Election Day.

Persons: Todd Rosenbluth, Donald Trump's, Ryan McCormack, McCormack, Anna Paglia, Rosenbluth Organizations: Street Global Advisors, Trust, Trump, Mining

☆ How Black business leaders are thinking about a coming Trump administration
▼ + stars: | 2024-11-08 | by ( Frank Holland | In Frank-Holland | ) www.cnbc.com time to read: +1 min

Black business leaders are still trying to figure out why Vice President Kamala Harris lost the presidential race, and how to approach the coming administration of President-elect Donald Trump. That's what the voters wanted and that's what they thought President Trump represents," said Charles Phillips, co-chair of the Black Economic Alliance and co-founder of Recognize. According to NBC News, Trump's economic policies were a key reason he gained support from Black voters in battleground states like North Carolina and Wisconsin. But Ryan Wilson, co-founder and CEO of the Gathering Spot, believes Harris' race and gender were the primary reasons for her loss. "I don't know another way to have the discussion but to point to America's old enemies, racism and sexism.

Persons: Kamala Harris, Donald Trump, Trump, Charles Phillips, Ryan Wilson, Harris, Wilson Organizations: Black Economic Alliance, CNBC, NBC News Locations: North Carolina, Wisconsin

☆ What investors are watching Thursday: Trump trades and a Fed decision
▼ + stars: | 2024-11-07 | by ( Frank Holland | In Frank-Holland | ) www.cnbc.com time to read: +3 min

(This is a wrap-up of the key money moving discussions on CNBC's "Worldwide Exchange" exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. The "Trump trade" and how the Federal Reserve could impact the trend was top of mind for investors Thursday. Also, Wedbush's Dan Ives and Alex Fishman of Empros Capital share their outlook on tech under a second Trump administration. Fishman said the Trump administration benefits all private tech company valuations, but especially the names in what he calls the "Musk-economy," including Neuralink and the xAI.

Persons: Trump, Wedbush's Dan Ives, Alex Fishman, Victoria Fernandez, Crossmark, Fernandez, financials, Anna Paglia, Paglia, Trump Dan Ives, Ives, " Fishman, Elon, Fishman, Crossmark's Fernandez Organizations: PRO, Worldwide, Federal, Empros, State Street Global Advisors, Trump Administration, P Bank ETF, Tech, Trump, Exchange, Qualcomm Locations: Wedbush, Palantir, United States

☆ Black business leaders make a final push for Harris' economic plans to Black men
▼ + stars: | 2024-11-01 | by ( Frank Holland | In Frank-Holland | ) www.cnbc.com time to read: +2 min

Democratic presidential nominee Vice President Kamala Harris greets a supporter as she stops at LegendErie Records and Coffee House, a Black-owned small business, in Erie, Pennsylvania, Oct. 14, 2024. Signs supporting Harris, the Democratic presidential nominee, hang inside the restaurant in a predominantly Black neighborhood in the battleground state of Pennsylvania. This cycle, Trump, the Republican presidential nominee, has made inroads, although polls vary widely on precisely how much. "I think it's very important to not operate from the assumption that Black men are in anybody's pocket," Harris said. "Black men are like any other voting group.

Persons: Kamala Harris, Cortez Johnson, She's, Johnson, Harris, Joe Biden, It's, Donald Trump, Trump, You've Organizations: Democratic, LegendErie Records, Coffee, CNBC, Jim's West, Republican, National Association of Black Journalists Locations: Erie , Pennsylvania, Jim's, Philadelphia, Pennsylvania

☆ What investors are watching Friday: Emerging markets and a top AI stock
▼ + stars: | 2024-10-25 | by ( Frank Holland | In Frank-Holland | ) www.cnbc.com time to read: +3 min

(This is a wrap-up of the key money moving discussions on CNBC's "Worldwide Exchange" exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. A bullish take on emerging markets and insight into an artificial intelligence company were also discussed. CEO Alan Trefler appeared on "Worldwide Exchange" to discuss outlook for the future of his business. Eyeing emerging markets for opportunity Alan McKnight of Regions Bank is bullish emerging markets, citing the outperformance since the Fed rate cut in September but said China is a key factor.

Persons: Katrina Dudley, Franklin Templeton, Dudley, Wells, Alan Trefler, Alan McKnight, McKnight, it's Organizations: PRO, Worldwide, Federal Reserve, Verizon, Mobile, Citi, Regions Bank Locations: China, India, Brazil

☆ Traders seeing possible opportunity in Starbucks and high-yield bonds ahead of Thursday's session
▼ + stars: | 2024-10-24 | by ( Frank Holland | In Frank-Holland | ) www.cnbc.com time to read: +2 min

(This is a wrap-up of the key money moving discussions on CNBC's "Worldwide Exchange" exclusive for PRO subscribers. Plus, they are reacting to Tesla earnings and watching an interesting bond opportunity outside of Treasuries. Worldwide Exchange pick: Starbucks Earlier this week, Starbucks (SBUX) pulled its profit outlook and said sales last quarter tumbled in a release of preliminary results. Opportunity in high yield bonds Joanna Gallegos of BondBloxx said while Treasury yields are higher since the Federal Reserve rate cut in September, she is seeing the best opportunity in high yield bonds. She recommended high yield bond ETFs: BondBloxx CCC Rated USD High Yield Corporate Bond ETF (XCCC) with a yield above 10% and the BondBloxx BB Rated USD High Yield Corporate Bond ETF (XBB) with a yield above 6%.

Persons: Tesla, George Gianarikas, Cannaccord Genuity, Matt Powers, Brian Niccol, Joanna Gallegos, BondBloxx, Gallegos Organizations: PRO, Worldwide, Starbucks, Powers Advisory, Federal Locations: Treasuries

☆ McDonald's and Boeing: The two stocks Wall Street will keep an eye on Wednesday
▼ + stars: | 2024-10-23 | by ( Frank Holland | In Frank-Holland | ) www.cnbc.com time to read: +2 min

(This is a wrap-up of the key money moving discussions on CNBC's "Worldwide Exchange" exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. Investors on Wednesday were focused on big news involving two Dow Jones Industrial Average components: Boeing and McDonald's. The current bull market and how much more stocks can continue to rally was also on investors' minds. McDonald's E. coli outbreak, Boeing earnings McDonald's shares were lower and the primary drag on Dow futures after an E-coli outbreak linked to Quarter Pounders that has killed one person and lead to dozens being hospitalized.

Persons: Sara Senatore, Senatore, Kelly Ortberg, Phil Lebeau, Tony Bancroft, —, Ortberg, Piper, Craig Johnson, Piper Sandler, Johnson Organizations: PRO, Worldwide, Dow Jones, Boeing, Dow, Bank of America, New, CNBC, Gabelli, Aerospace, Defense, Federal Aviation Administration, Max Jets, Piper, Marvell, Scotts Miracle, Gro Locations: Corning, Illumina

☆ Stocks like American Express may benefit as higher-income consumer remains strong
▼ + stars: | 2024-10-17 | by ( Frank Holland | In Frank-Holland | ) www.cnbc.com time to read: +2 min

(This is a wrap-up of the key money moving discussions on CNBC's "Worldwide Exchange" exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. "This is a time when markets are distorted… the October period before US elections have usually been distorted," Wieting said on Worldwide Exchange. He says Home Depot (HD) and American Express (AXP) are stocks that will benefit from continued spending of higher income earners. "The higher end consumer is where you want to be right now," said Zaman on Worldwide Exchange.

Persons: Patience Steven Wieting, Wieting, Aadil, JB Hunt Organizations: PRO, Worldwide, U.S, Citi Global Wealth Investments, American Express, Wall Street Alliance, Vanguard, Big Tech, US Freight, American Trucking Association, East, CSX Locations: U.S, East Coast

☆ What investors are watching Wednesday: Earnings plays and a catch-up trade in transports
▼ + stars: | 2024-10-09 | by ( Frank Holland | In Frank-Holland | ) www.cnbc.com time to read: +4 min

(This is a wrap-up of the key money moving discussions on CNBC's "Worldwide Exchange" exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. Worldwide Exchange Word of the Day: Earnings Stephanie Link of Hightower believes Q3 earnings will be better than LSEG estimates of a 5% increase year over year; seeing potential for an 8-10% increase. "This gives it some room to outperform in the final quarter," Baruch said on Worldwide Exchange. (This is a wrap-up of the key money moving discussions on CNBC's "Worldwide Exchange" exclusive for PRO subscribers.

Persons: Stephanie Link, Hightower, Bill Baruch, Baruch, Wells Fargo Organizations: PRO, Worldwide, Federal Reserve, Atlanta Fed, Blue, Wolfe Research, Dow Transports, Dow Jones Transportation, Citi, Logistics

☆ Investors eying income solutions and defense stocks as geopolitical tensions rise
▼ + stars: | 2024-10-02 | by ( Frank Holland | In Frank-Holland | ) www.cnbc.com time to read: +2 min

(This is a wrap-up of the key money moving discussions on CNBC's "Worldwide Exchange" exclusive for Pro subscribers. Worldwide Exchange airs at 5 a.m. "The fixed income market has enough yield to bail you out if the geopolitical tensions get worse," said Hyman said on Worldwide Exchange. "Investors are not focusing on the likely U.S. response post election to replenishing defense stocks and ramping up capabilities." Worldwide Exchange Pick: Biotech Stocks Scott Ladner of Horizon Investments is seeing opportunities in the biotech sector, specifically the iShares Biotechnology ETF (IBB) and SPDR S & P Biotech (XBI) ETFs.

Persons: Simeon Hyman, Hyman, Terry Haines, Haines, Lockheed Martin, Scott Ladner, Ladner Organizations: Pro, Worldwide, Proshares Advisors, Defense, Lockheed, Raytheon, Biotech, Horizon Investments, iShares Biotechnology, P Biotech, Shipping Stocks Shipping, U.S Locations: Israel, Iran, Ukraine, South China, U.S, East, Gulf Coast

☆ Exxon is trading at 'extremely cheap' levels right now, says investor Stephanie Link
▼ + stars: | 2024-09-23 | by ( Frank Holland | In Frank-Holland | ) www.cnbc.com time to read: +2 min

(This is a wrap-up of the key money moving discussions on CNBC's "Worldwide Exchange" exclusive for PRO subscribers. ET each day) Investors are watching the trend in small caps and value stocks and how the Federal Reserve rate cut last week could impact that trade. Worldwide Exchange word of the day: Confidence Stephanie Link of Hightower said she's constructive about the market, but still expects to see some volatility. Worldwide Exchange pick: Exxon Link says Exxon (XOM) is currently trading at an attractive entry point at 14-times forward earnings. XOM YTD mountain Exxon YTD

Persons: Stephanie Link, Hightower, Callan, Mitrione, Link Organizations: PRO, Worldwide, Federal, Callan Family, Worldwide Exchange, Exxon Link, Exxon

☆ Investors eyeing financial shares and transports as beneficiaries of the Fed rate cut
▼ + stars: | 2024-09-19 | by ( Frank Holland | In Frank-Holland | ) www.cnbc.com time to read: +2 min

(This is a wrap-up of the key money moving discussions on CNBC's "Worldwide Exchange" exclusive for Pro subscribers. Worldwide Exchange airs at 5 a.m. Worldwide Exchange Word of the Day: "Dissent" Jay Woods of Freedom Capital Markets said he's paying close attention to Fed Governor Michelle Bowman becoming the first dissenting Fed Governor since 2005. "I think this is the return of the cyclical trade," said Shah on Worldwide Exchange. Worldwide Exchange Pick: FedEx and Transports FedEx reports after the bell Thursday.

Persons: Jay Woods, Michelle Bowman, Seema Shah, Woods Organizations: Pro, Worldwide, Federal Reserve, Freedom Capital Markets, Management, FedEx, Transports FedEx, Dow

☆ Traders see small caps and short-term bonds as big winners from likely Fed rate cut
▼ + stars: | 2024-09-18 | by ( Frank Holland | In Frank-Holland | ) www.cnbc.com time to read: +2 min

(This is a wrap-up of the key money moving discussions on CNBC's "Worldwide Exchange" exclusive for PRO subscribers. Traders and investors are debating if the Federal Reserve will cut 25 basis points or 50 basis points when the decision comes at 2pm eastern time. "25 or 50 (basis points), we see a credible case for either. "The Fed is likely to adjust policy by 200 to 250 basis points over the coming year. Garewal also said this rate cut was part of a "normalization" cycle and shared research that yields on the 2-year fall 65 basis points on average after a first Fed cut.

Persons: Jerome Powell, Mark Smith, Wells, stagflation, Smith, Craig Johnson, Piper Sandler, Russell, Johnson, Goldman Sachs, Garewal, Piper Sandler's Johnson, Huntington, Kevin Murphy Organizations: PRO, Worldwide, Traders, Federal Reserve, Advisors, Worldwide Exchange, Blackstone, Mastercard, Visa, Ameris Bancorp, Fed, Ferguson Enterprises

☆ Investors buying Big Tech stocks and Treasuries ahead of a potential Fed rate cut
▼ + stars: | 2024-09-16 | by ( Frank Holland | In Frank-Holland | ) www.cnbc.com time to read: +2 min

(This is a wrap-up of the key money moving discussions on CNBC's "Worldwide Exchange" exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. ET each day) Worldwide Exchange Word of the Day: Fed Mimi Duff from GenTrust said the Federal Reserve decision on Wednesday will dominate the market action this week. Even as the Fed is expected to enter a rate cutting cycle, Duff sees the biggest opportunities in defensives like consumer staples and healthcare. INTC 1D mountain Intel, 1 day Intel continues to be a laggard in the chip space with shares down 60% year to date.

Persons: Mimi Duff, GenTrust, Duff, Jerome Powell, Big Tech Alan McKnight, Jackson, mMoney, McKnight Organizations: PRO, Worldwide, Federal, Big Tech, Regions Bank, Big, Intel, Bloomberg, Pentagon

☆ Some non-technology stocks with momentum that investors are buying into year-end
▼ + stars: | 2024-08-27 | by ( Frank Holland | In Frank-Holland | ) www.cnbc.com time to read: +6 min

(This is a wrap-up of the key money moving discussions on CNBC's "Worldwide Exchange" exclusive for PRO subscribers. Worldwide Exchange Word of the Day: Tempest Victoria Greene of G-Squared said investors are facing both literal and metaphorical storms that they need to consider. Best Q4 Ideas: LVMH and Estee Lauder Tiffany McGhee of Pivotal advisors said LVMH and Estee Lauder will be big beneficiaries of China stimulus. (This is a wrap-up of the key money moving discussions on CNBC's "Worldwide Exchange" exclusive for PRO subscribers. "Moisturizer is not a 'nice to have' it is a must have," said McGhee about Estee Lauder.

Persons: Tempest Victoria Greene, Squared, Said, Milton, Zscaler Malcolm Ethridge, Greene, Estee Lauder Tiffany McGhee, LVMH, Estee Lauder, McGhee, Estee, Ethridge Organizations: PRO, Worldwide, Pepsi, Area, Global, Pepsico, Siete Locations: China, Estee Lauder

☆ Kevin Hart's tequila brand strikes deal with Philadelphia Eagles as spirits push deeper into sports
▼ + stars: | 2023-09-14 | by ( Frank Holland | In Frank-Holland | ) www.cnbc.com time to read: +4 min

When the Philadelphia Eagles kick off their home opener on Thursday Night Football, the NFL team will also start a new sponsorship deal with Gran Coramino, the luxury tequila brand co-founded by comedian, entrepreneur and Philadelphia native Kevin Hart. Hart told CNBC's Frank Holland in an exclusive interview about the agreement. The Eagles hope to seize on the recent success of celebrity spirits brands, and a rise in tequila sales, as many U.S. drinkers drop beer in favor of liquor. Hart told CNBC, "It's a massive win! In recent years, spirits brands have made a push into sports sponsorships with the major American leagues.

Persons: Kevin Hart, Hart, CNBC's Frank Holland, Gran Coramino, Brian Napoli, Jalen, I've, Jaegermeister, Hennessey, Rick Pineda, Jean Baptiste Descours, Hennessy Organizations: Philadelphia Eagles, NFL, Gran Coramino, Philadelphia, Eagles, Lincoln Financial, Global Brands, Corporate, Kansas City Chiefs, CNBC, Budweiser, Brooklyn Trolley Dodgers, Sports, National Hockey League, Major League Baseball, NBA, Spirits, Diageo Locations: Philadelphia, Gran

"It's not a $30 billion deal," Tome told CNBC's Frank Holland in an exclusive interview on Monday. Averting a crisisThe labor contract reached in July prevented a potentially widespread and disruptive work stoppage. In June, Teamsters members authorized a UPS strike during the negotiations. The union ratified the UPS contract on Aug. 25 with record turnout of 58% of members voting and a record 86% approving the deal. A 'win-win-win'After the tentative deal for the Teamsters contract was reached, Tome called it a "win-win-win" for the union, customers and the company.

Persons: Carol Tome, Donald Trump, Jonathan Ernst, Tome, CNBC's Frank Holland, We'll, We've, Weeks Organizations: Hartsfield, Jackson Atlanta International Airport, Reuters, Teamsters, UPS, Anderson Economic Locations: Atlanta , Georgia, U.S

☆ 36-year-old CEO took Philly cheesesteaks to Atlanta, sold over $2.3 million at one store in the last year—now he wants to help others do the same
▼ + stars: | 2023-08-31 | by ( Frank Holland | In Frank-Holland | ) www.cnbc.com time to read: +4 min

Big Dave's Cheesesteaks founder and CEO Derrick Hayes is cooking up what he hopes will be his most delicious offering yet: a chance to own a franchise. On Thursday, Hayes will begin accepting official applications to purchase a Big Dave's Cheesesteaks franchise. From water ice to cheesesteaksBig Dave's Cheesesteaks started as Big Dave's Water Ice, as Italian ice is known is Philadelphia, in a gas station in Dunwoody, Georgia, in 2014. Derrick Hayes Source: William SterlingAfter failing to gain traction selling frozen treats, Hayes switched to cheesesteaks. The two connected to discuss repairs to Big Dave's and community outreach during the pandemic.

Persons: Dave's, Derrick Hayes, Hayes, it's, Cheesesteaks, William Sterling, Eve, George Floyd, Pinky Cole, Big, Cole Organizations: The, Black Business, International Franchise Association, Slutty Locations: The West Philadelphia, Philadelphia, Dunwoody , Georgia, he's, Philly, Atlanta

☆ Black executives see progress since George Floyd, but much work still to be done: CNBC survey
▼ + stars: | 2023-06-19 | by ( Frank Holland | In Frank-Holland | ) www.cnbc.com time to read: +4 min

The tragedy sparked more awareness and positive change in corporate America, according to a new survey of Black executives conducted by CNBC, but the results from the survey show that there remains much work to be done. The survey, conducted by CNBC in partnership with the Executive Leadership Council, found 74% of Black executives saying they saw a positive change in hiring, retention and promotion of Black employees since Floyd was killed in May 2020. As many Black executives say organizational treatment of Black employees has remained the same (43%) or worsened (9%) since 2020, as those who say it has improved (48%). And exactly half say there are still less opportunities for Black employees than other employees at their organizations. More Black executives said that prior to 2020 their firms were "checking the DEI box" rather than taking a comprehensive approach.

Persons: George Floyd, Kerem Yucel, Floyd, Shundrawn Thomas, George Floyd's, Judy Smith, Smith, Smith & Company . Smith, Thomas, Rashida Jones, Priscilla Sims Brown, Melonie Parker, Johnson Organizations: Afp, Getty, Black, CNBC, Executive, Council, Copia, Smith & Company, Equity, Opportunity, MSNBC, Amalgamated Bank ., Google Locations: Minneapolis , Minnesota, U.S, America, New Orleans

☆ NFL looks to give a boost to Black- and minority-owned banks
▼ + stars: | 2023-06-15 | by ( Frank Holland | In Frank-Holland | ) www.cnbc.com time to read: +3 min

The league is borrowing $78 million from a syndicate of Black- and minority-owned banks and community development financial institutions. The loan deal will generate "tier 1 capital" for the banks and CDFIs. According to the National Black Bank Foundation, it will boost their lending power by millions through banking fees and interest. "These community banks sometimes have difficulty navigating down economic times. "These banks loan money to people and businesses that need it without being predatory.

Persons: Joe Siclare, Siclare, Ashley Bell, Martin Luther King, Bell, you'll, Dominik Mjartan Organizations: National Football League, National Black Bank Foundation, CNBC, NFL, National Basketball, Atlanta Hawks, Major League Soccer, Black, Bank of America, Silicon Valley Bank, Optus Bank Locations: Silicon, Columbia , South Carolina

☆ Goldman Sachs invests $2 billion in Black women-owned businesses — the first chapter of a bigger plan
▼ + stars: | 2023-04-04 | by ( Frank Holland | In Frank-Holland | ) www.cnbc.com time to read: +2 min

The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange (NYSE) in New York, November 17, 2021. Goldman Sachs is investing more than $2.1 billion into Black women-owned businesses and nonprofits via the investment bank's One Million Black Women program — and leaders say it's only the first chapter. One Million Black Women launched in March 2021 with the bigger goal of having a positive impact on the lives of 1 million Black women by 2030. "Turbo boosting Black women entrepreneurs is a key part of the work that we do," Pompey said. The ripple effect of investing in a Black woman entrepreneur is tremendous."

☆ HBCU students diversify alternative investing with the help of Wall Street’s biggest firms
▼ + stars: | 2023-02-17 | by ( Frank Holland | In Frank-Holland | ) www.cnbc.com time to read: +1 min

The AltFinance Fellowship is the brainchild of top alternative investment firms Ares Management, Apollo Global Management and Oaktree Capital Management. Selected students will also receive a scholarship of up to $10,000 if they're sophomores, while juniors and seniors can receive up to $15,000. Partnering schools include Clark Atlanta University, Howard University, Morehouse College and Spelman College. The private equity, private credit and commercial real estate industry has about $10 trillion in assets under management, according to data provider Preqin. "This is not a charitable activity," Howard Marks, co-chairman of Oaktree Capital Management, told CNBC.

Search resuls for: "In Frank-Holland"

23 mentions found