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☆ AI spending is in the crosshairs in a 'make-or-break' week that determines where Big Tech heads next
▼ + stars: | 2024-07-30 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

The Roundhill Magnificent Seven ETF (MAGS) currently sits 11% off its highs. MAGS YTD mountain Magnificent Seven ETF performance This backdrop sets the tone for a "make or break week" coinciding with the Federal Reserve's July rate decision Wednesday, according to Wolfe Research's Chris Senyek. Now, more than 18 months after the launch of groundbreaking ChatGPT, Wall Street wants results. Some Wall Street analysts believe strong quarterly results may not be enough to reverse the pullback in tech shares. "My gut is that the tech earnings are going to come in better than people expect."

Persons: Morgan, Roundhill, Wolfe, Chris Senyek, Jay Woods, Sundar Pichai, Deutsche Bank's David Folkerts, Baird's Ted Mortonson, Senyek, Rowe Price, Dominic Rizzo, CNBC's Organizations: Nasdaq, Federal, Microsoft, Meta, Apple, Freedom Capital, Deutsche, Tech, Fed, Trump

Our comprehensive guide explores the best ways to redeem credit card points without traveling. This guide will help you understand why and when to consider doing so, and the most innovative uses for credit card rewards beyond flights and hotels. Our guide to the most popular travel rewards credit cards can help you make sense of each loyalty program and its reward "currency", while our guide to the best credit card rewards apps help you track how many points you have, and when they will expire. Credit card rewards can have somewhat complicated tax implications, especially if you choose cash-back rewards instead of for products, services, or experiences. Use credit card rewards for Amazon purchasesMany major credit card issuers including American Express, Capital One, and Chase let you use your rewards to pay for purchases on Amazon.

Persons: you've, Chase, cardholders, Mags, Miles, Taylor, Swifties, Miles4Migrants, Miles Citi Organizations: Business, Amazon Visa, Schwab, American Express, IRS, Visa, Mastercard, Amazon, American, Capital One Entertainment, Foundation, United, JetBlue, United Airlines MileagePlus Air, Alaska Airlines, Air France – KLM, Blue, Delta, Lufthansa Miles Locations: Olive, Alaska, Delta, United Airlines MileagePlus Air Canada, Chevron

☆ What CNN’s reporter saw on the ground when Trump was attacked
▼ + stars: | 2024-07-14 | by ( Alayna Treene | Zachary B. Wolf | ) edition.cnn.com time to read: +9 min

CNN —CNN reporter Alayna Treene covers Donald Trump and was at his rally in Butler, Pennsylvania, when shots rang out on Saturday. We had just gone live right at the top of 6 p.m. and had begun listening to Donald Trump. ‘Could this be part of the program?’ One woman I spoke with today — her name was Renee — she was saying she was directly behind Donald Trump, on the stands behind him, and she had said she didn’t really understand what was happening until she saw Donald Trump go down. Something really bad is happening.’Video Ad Feedback Harrowing details of the attempt to assassinate Donald Trump 03:15 - Source: CNNWhat happened next? A campaign rally site for Donald Trump is empty and littered with debris Saturday, July 13, in Butler, Pennsylvania.

Persons: Alayna Treene, Donald Trump, CNN’s Zachary Wolf, Donald Trump’s, ‘, there’s, Brendan McDermid, Jabin, Joseph Meyn, Renee —, didn’t, Wolf Blitzer, ‘ You’ve, ’, Evan Vucci, cordoning Organizations: CNN, Washington Post, Service, Secret Service, Trump, DC Locations: Butler , Pennsylvania

☆ These types of ETFs could prove winners in the second half
▼ + stars: | 2024-07-08 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +6 min

The best-performing exchange-traded funds in the second half will likely be decided by broader shifts in the markets and economy. Even with mounting uncertainty, however, there are some types of ETFs that could emerge as winners. Equities A handful of stocks were big winners in the first half, and some narrowly focused ETFs were able to ride that wave. Single-stock funds tied to Nvidia have also seen heavy interest, including the GraniteShares 2x Long Nvidia ETF (NVDL) . However, Hougan said he didn't think that omission would be a big hurdle for ETF investors.

Persons: Michael Arone, Arone, Jay Jacobs, Jacobs, Todd Sohn, bullish, we're, Sohn, Matt Hougan, Hougan Organizations: Federal Reserve, U.S, SPDR, State Street Global Advisors, Nvidia, Microsoft, NYSE Technology, iShares, Digital Infrastructure, Real, U.S . Tech, Blackstone Senior Loan, Loan Fund, New, Bitwise Asset Management, ETH Locations: U.S

☆ This ETF aims to capture China's own 'Magnificent Seven'
▼ + stars: | 2024-05-22 | by ( Emily Glass | ) www.cnbc.com time to read: +1 min

Roundhill Investments wants to mimic the success of its Magnificent Seven ETF (MAGS) in China. The firm's CEO Dave Mazza plans to launch the Lucky Eight ETF, which aims to be China's answer to the success of Wall Street's big tech stocks. "There's a lot of question marks about the Chinese economy and the potential for growth of the consumer in China," Mazza told CNBC's "ETF Edge" on Monday. Trading under the ticker "LCKY," the Lucky Eight ETF will include equal-weighted exposure to Tencent Holdings, Alibaba , Meituan , BYD , Xiaomi, PDD Holdings , JD.com and Baidu at launch. Pending SEC approval, the Lucky Eight ETF is set to launch this summer.

Persons: Dave Mazza, Wall, Mazza, CNBC's Organizations: Roundhill Investments, Tencent Holdings, PDD Holdings, JD.com, Baidu, SEC, CSI China Internet, Lucky Locations: China

☆ Here's why investors should stop worrying so much about concentration risk in the market
▼ + stars: | 2024-02-23 | by ( Bob Pisani | ) www.cnbc.com time to read: +6 min

The World(MSCI All Country World Index weighting)Entire U.S. stock market: 63%Japan, UK, Canada, France, Hong Kong/China combined: 17.5%Magnificent 7: 17%Source: Dimensional FundsThat seems crazy, no? For example, in the mid-1960s the concentration of the top 10 was over 40% of the S&P 500. Investors who own the S&P 500 don't have to pick those winners; they just go along for the ride. Second, U.S. stocks are global market leaders, and when a small group becomes market leaders it almost always means the U.S. stock market outperforms the world. The U.S. stock market, which was roughly 40% of the global market capitalization a short while ago, is now roughly 50% of global market capitalization.

Persons: Gregory Rowe, Berkshire Hathaway, Lilly, It's, — Organizations: New York Stock Exchange, Berkshire, Broadcom, Nvidia, Eck Semiconductor, Dimensional Fund Advisors, FS Investments, IBM, American Express, General Electric, Polaroid, Xerox, U.S, Baidu, SAP, Siemens, United, Shell, AstraZeneca, HSBC Locations: New York City, Miami Beach, Japan, UK, Canada, France, Hong Kong, China, U.S, Germany, United Kingdom

☆ Nvidia's blowout earnings could fuel interest in this 'Magnificent Seven' ETF
▼ + stars: | 2024-02-22 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +4 min

Meanwhile, the Roundhill Magnificent Seven ETF (MAGS) rose more than 4% and had already seen 280,000 shares traded as of Thursday afternoon, putting in on track to potentially set a new fund record for daily volume. The Roundhill fund has a simple structure that is resonating with some investors eager to buy even more of the Magnificent Seven. MAGS YTD mountain Roundhill's Magnificent Seven ETF tracks major tech stocks. In addition to capitalizing on investor demand for ways to play the megacap tech stocks, the Roundhill ETF is also a case study in fund marketing. So Roundhill pivoted out of "Big Tech" and into the trendier "Magnificent Seven."

Persons: BIGT, Tesla, MAGS, David Mazza, Mazza, Andrew Stewart Organizations: Nvidia, UBS, Nasdaq, Apple, Microsoft, Tesla, Big Tech, Roundhill Investments, Exchange Capital Management Locations: Americas

☆ Bitcoin, AI and Magnificent 7: The emerging ETF trends as industry gathers for big conference
▼ + stars: | 2024-02-12 | by ( Bob Pisani | ) www.cnbc.com time to read: +9 min

To grow, the ETF industry has to expand the offerings of active management and devise new ways to entice investors. The big topics in 2024: Bitcoin, AI, Magnificent 7 alternativesIn 2024, the industry is betting that the new crop of bitcoin ETFs will pull in billions. Financial advisors are divided on whether to jump inTen spot bitcoin ETFs have successfully launched. Inflows into bitcoin ETFs to date have been modest, but bitcoin ETFs are being viewed by some advisors as the first true bridge between traditional finance and the crypto community. Jason Pereira, senior partner & financial Planner, Woodgate Financial, is speaking on how financial advisors are using artificial intelligence.

Persons: Matt Hougan, Steve Kurz, David LaValle, Ric Edelman, Edelman, Gary Gensler's, bitcoin, Jason Pereira, Pereira, Roundhill's, Alex Zweber, Eric Veiel, Rowe Price, Brian Portnoy, Neil Bage, feely Organizations: ETF, LIV, Miami, Super, Advisors, JPMorgan, bitcoin, Galaxy, Edelman, Digital Assets, Financial Professionals, SEC, Apple, Microsoft, NVIDIA, China ETF Locations: Fontainebleau, Miami Beach, China, bitcoin

☆ As S&P approaches 5,000, this one trend has been unwavering
▼ + stars: | 2024-02-08 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

It's been a bumpy road from 4,000 to 5,000, but the overall trend stays with big cap tech. Talk about timing: It launched just as the S & P 500 was recovering from the banking crisis, and MAGS has been one of the star ETF performers of the last year. A bumpy road from 4,000 to 5,000 The S & P 500 had been comfortably over 4,000 from mid-2021 into mid-2022, when rising rates pushed the broad index below 4,000. This is true not just this year, but since the S & P went over 4,000 at the end of March, as has international investing. If you own the S & P 500, which has become tech-dominant, you are happy.

Persons: It's, Dave Mazza, MAGS, Mazza, ETFEdge.cnbc.com Organizations: Exchange ETF, Technology, Microsoft, Nvidia, Apple, AMD, Communication Services, Banks, Care, Staples, Energy, Edge, Miami Beach Locations: Miami Beach, Roundhill

Washington CNN —In her new book “Enough,” former White House aide Cassidy Hutchinson paints the closing days of the Trump White House as even more chaotic and lawless than she previously disclosed in her shocking televised testimony last summer. “We killed Herman Cain,” Meadows told Hutchinson and asked for his wife’s phone number. Unlike White House communications director Alyssa Farah, who resigned on December 3, 2020, or deputy White House press secretary Sarah Matthews, who left on January 6, 2021, Hutchinson remained. In the summer of 2017, Trump’s first year in office, Hutchinson was an intern in Sen. Ted Cruz’s office. It turns out, Hutchinson writes, that she coordinated with Farah, who is now a CNN political commentator, telling her everything she knew.

Persons: Washington CNN —, Cassidy Hutchinson, Donald Trump, Mark Meadows, Trump, Rudy Giuliani gropes Hutchinson, Kevin McCarthy, Joe Biden, “ Cass, ” Meadows, Hutchinson, Cassidy Hutchinson's, Simon, Schuster, Meadows, “, ” Hutchinson, Herman Cain, Covid, furtively, Hunter Biden, Tony Bobulinski, Mark ’ Meadows, National Intelligence John Ratcliffe, Tom Brenner, McCarthy, Ken Paxton, ” Trump, Trump . Hutchinson, Devin Nunes, “ Mark doesn’t, ”, Tony Ornato, Mike Flynn, Sidney Powell, Patrick Byrne, Derek Lyons, Brad Raffensperger, Pat Cipollone, Cipollone, Tony, –, ” Ornato, They’re, Giuliani, Rudy Giuliani, Brendan Smialowski, Alyssa Farah, Sarah Matthews, Donald Trump’s, Hey Cass, Kimberly Guilfoyle’s, ‘, ’, Kayleigh McEnany, Wisconsin Tom Brenner, Trump’s, Sen, Ted Cruz’s, didn’t, Stefan Passantino, Passantino, “ Stefan, Andrew Harnik, Farah, Liz Cheney, Jobs Organizations: Washington CNN, White, Trump White House, Trump, Capitol, White House, GOP, CNN, Secret Service, Republican National Committee, National Intelligence, Texas, Meadows, Georgia, State, Biden, Capitol Hill, Getty, Team Trump, Legislative Affairs, Press, Air Force, Texas Republican Locations: Tulsa , Oklahoma, North Carolina, Meadows, Fulton, Georgia, AFP, Russia, you’re, California, Wisconsin, Texas, Florida

☆ Read the Jan. 6 Committee Report Executive Summary
▼ + stars: | 2022-12-19 | by ( ) www.nytimes.com time to read: +3 min

And Hutchinson described what President Trump said as he prepared to take the stage: When we were in the off-stage announce area tent behind the stage, he was very concerned about the shot. Take the F'ing mags away. Take the F'ing mags away.' The military, the secret service. "432 But President Trump made that very argument during his speech at the Ellipse and made many false statements.

Share this -Link copiedCommittee votes to subpoena Trump The committee voted on Thursday unanimously to subpoena Trump. Trump would not be the first president to be subpoenaed, nor would he be the first former president subpoenaed by Congress. "Even before the networks called the race for President Biden on Nov. 7th, his chances of pulling out a victory were virtually nonexistent, and President Trump knew it," Kinzinger said. “At times, President Trump acknowledged the reality of his loss. “What did President Trump know?

That's based on a Secret Service email from 9:09 a.m. "The head of the President’s Secret Service protective detail, Robert Engel, was specifically aware of the large crowds outside the magnetometers," Schiff said. A Secret Service report at 7:58 a.m. said, "Some members of the crowd are wearing ballistic helmets, body armor carrying radio equipment and military grade backpacks." On Dec. 26, a Secret Service field office relayed a tip that had been received by the FBI, Schiff said. Trump would not be the first president to be subpoenaed, nor would he be the first former president subpoenaed by Congress.

“I don’t f---ing care that they have weapons,” Trump railed, according to Hutchinson’s testimony. She said Ornato told her Trump reached up towards the front of the vehicle to grab at the steering wheel and then lunged toward Engel. Giuliani was “definitely intoxicated, but I did not know his level of intoxication when he talked” with Trump, Miller said. (Giuliani at the time denied that he was intoxicated through his attorney.) GOP lawmakers sought Trump pardons after Jan. 6The Jan. 6 committee revealed that multiple Republican lawmakers had asked Trump for pardons for their roles in the effort to overturn the 2020 election.

☆ The Secret Service painted a damning picture of Trump to the Jan. 6 committee. It wasn't the first time agents have been called to testify.
▼ + stars: | 2022-10-13 | by ( ) www.businessinsider.com time to read: +7 min

The House Jan. 6 committee obtained hundreds of thousands of internal Secret Service emails. Before the new revelations, the Secret Service was already at the center of the committee's investigation. The panel is also looking into how the Secret Service lost countless other records from January 6, reportedly including agents' text messages. Anthony Guglielmi, chief of communications for the Secret Service, has said there was no malicious intent behind the messages' deletion. Secret Service agent Larry Cockell (left) was forced to testify in an investigation into then-President Bill Clinton.

☆ Trump is under investigation for breaking these 8 federal laws
▼ + stars: | 2022-08-12 | by ( Camila Dechalus | Sonam Sheth | ) www.businessinsider.com time to read: +8 min

The DOJ is investigating if Trump violated three federal laws related to his handling of national security information. Soon after, it surfaced that the Justice Department is investigating whether Trump violated three federal laws related to his handling of national security information and classified documents. The House select committee running a parallel congressional investigation into the siege has sought to build the case that Trump violated at least five federal laws connected to his efforts to overturn the 2020 US election. Here's a breakdown of the eight federal laws that Trump may have violated:The Espionage ActThe DOJ is investigating if Trump violated a key facet of the Espionage Act relating to the removal of information pertaining to the US's national defense. Concealment, removal, or mutilation of recordsThere are two other laws Trump is suspected of violating in connection to his handling of government documents.

If you want to use your credit card points to reduce your out-of-pocket expenses, you have several options beyond redeeming for travel. Most credit cards rewards programs, including Amex Membership Rewards and Chase Ultimate Rewards, let you redeem points for Amazon purchases. Needless to say, had H1N1 spread before we booked that trip, we would have used our credit card points for something else. If you're looking for things to do with credit card points beyond booking a flight, hotel, or cruise, here are seven ideas. Donate credit card points to nonprofitsCharitable groups have grown more financially savvy over the years, and many now accept donations in the form of transferred credit card points.

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