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☆ China should be more worried about potential European tariffs than Trump: Economist
▼ + stars: | 2024-11-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina should be more worried about potential European tariffs than Trump: EconomistWilliam Lee of the Milken Institute says that Chinese President Xi is laying the groundwork at the G20 meeting to prepare for the changes to global trade when Trump takes office.

Persons: William Lee, Xi, Trump Organizations: China, Trump, Milken Institute

☆ Trump’s latest controversial Cabinet pick could have a huge impact on Americans’ health and lives
▼ + stars: | 2024-11-15 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

The president-elect’s previous selections for director of national intelligence, attorney general and defense secretary could change the country and the world in the long term. The US Department of Health and Human Services secretary has a massive platform and huge power to influence the information that Americans have and the choices they make. “I guess if you like health and you like people who live a long time, it is the most important position,” Trump said. Christina House/Los Angeles Times/Getty ImagesAnother health expert and former US Centers for Disease Control and Prevention acting director condemned the pick. The highly contagious disease is preventable with two doses of the measles vaccine that most Americans get as kids.

Persons: Donald Trump’s, Robert F, Kennedy Jr, “, Kennedy, Trump’s MAGA, Kennedy’s ascendency, Bobby ’ Kennedy, ” Trump, Bobby, ”, Matt Gaetz, Trump, Pete Hegseth, Tulsi Gabbard, Bashar al, Assad, Carlos Barria, Jake Tapper, Indiana Sen, Jim Banks, Jake, Donald Trump, ” Banks, —, ’ Kennedy, he’d “, Dr, Ashish Jha, Covid, CNN’s Wolf Blitzer, Jha, Christina House, Richard Besser . Besser, CNN’s Kaitlan Collins, kindergartners, Mandy Cohen, CNN’s Meg Tirrell, who’s, ” Cohen, Lex Fridman’s, CNN’s Kasie Hunt, don’t, –, ’, won’t, Mitch McConnell — Organizations: CNN, National Institutes of Health, RFK Jr, Trump, US Department of Health, Human Services, Trump’s, Fox News, America, Reuters, Biden, Brown University’s School of Public Health, Republican, Democratic, “ RFK, Los Angeles Times, US Centers for Disease Control, World Health Organization, CDC, Milken, Health Summit, Trump Cabinet, Senate, FBI, GOP Locations: Lago, Florida, Palm Beach , Florida, Washington, Huntington Park , California

☆ Fed's Kashkari says Trump tariffs could reheat inflation if they provoke global trade 'tit for tat'
▼ + stars: | 2024-11-10 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Neel Kashkari, President and CEO, Federal Reserve Bank of Minneapolis, speaks at the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 7, 2024. Minneapolis Federal Reserve President Neel Kashkari said Sunday that President-elect Donald Trump's tariff proposals could worsen long-term inflation if global trade partners were to strike back. One-time tariffs, Kashkari said on CBS' "Face the Nation," "shouldn't have an effect long run on inflation." "The challenge becomes, if there's a tit for tat and it's one country imposing tariffs and then responses and it's escalating. Trump and his backers like billionaire Tesla CEO Elon Musk have also been outspoken about their desire to give the president input on Fed policy decisions.

Persons: Neel Kashkari, The Beverly Hilton, Donald Trump's, Kashkari, Trump, We've, Tesla, Elon Musk Organizations: Federal Reserve Bank of Minneapolis, The Beverly, Minneapolis Federal, Sunday, CBS, U.S, Wall Street Locations: Beverly Hills , California, U.S, Minneapolis, China

☆ Lee: The data shows people are working multiple jobs, but there are fewer employed overall
▼ + stars: | 2024-11-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLee: The data shows people are working multiple jobs, but there are fewer employed overallMilken Institute chief economist William Lee says the U.S. job market has slowed, but that doesn't signal a recession is coming.

Persons: Lee, William Lee Organizations: Milken Institute Locations: U.S

The Summary Amid the E. coli outbreak believed to be linked to onions served at McDonald’s, food safety experts say some types of fresh produce carry extra risk. An E. coli outbreak that has sickened at least 75, killing one, is a reminder of the contamination risk that can plague certain types of fresh produce, according to food safety experts. Though the investigation is ongoing, federal officials suspect prewashed, slivered onions that were served raw on McDonald’s Quarter Pounders are the likely source of the E. coli outbreak. So it can take only a few cells to get someone very sick,” said Kali Kniel, professor of microbial food safety at the University of Delaware. The food safety experts interviewed also said they steer clear of rare or undercooked meat, poultry, fish and eggs, and don’t drink unpasteurized milk.

Persons: prewashed, Don Schaffner, ” Schaffner, coli, ”, Darin Detwiler, Jack, Barbara Kowalcyk, they’re, “, “ Cantaloupe, it’s, Kali Kniel, ” Detwiler, Detwiler, McDonald’s, Kowalcyk, Kniel, Schaffner Organizations: Rutgers University, Northeastern University, Institute for Food Safety, Nutrition Security, George Washington University Milken Institute School of Public Health, University of Delaware, Centers for Disease Control

In vulnerable groups, E. coli infection can also lead to serious kidney complications and death. People can become infected after consuming contaminated food or water, or coming into contact with the feces of animals or infected people. E. coli symptoms usually show up three to four days after ingesting the bacteria, but it may take up to 10 days. Once the contaminated food enters the kitchen, it’s also possible for cross-contamination to occur if ingredients are mixed or handled improperly. If you are experiencing diarrhea, don't swim in a public pool to minimize the risk of transmission.

Persons: ”, Prashant Singh, coli, Barbara Kowalcyk, don’t, ” Kowalcyk, Kevin, it’s, Donald Schaffner, Schaffner, ” Schaffner, Singh Organizations: Centers for Disease Control, Prevention, Florida State University, Institute for Food Safety, Nutrition Security, George Washington University Milken Institute School Public Health, Department of Food Science, Rutgers University, Food Safety Advisory Council Locations: U.S, New Jersey, California

☆ U.S. will be ‘more pro-crypto’ after this election, no matter who wins, says Ripple CEO Garlinghouse
▼ + stars: | 2024-10-24 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Brad Garlinghouse, CEO of Ripple, speaks at the 2022 Milken Institute Global Conference in Beverly Hills, California, U.S., May 4, 2022. Ripple Labs CEO Brad Garlinghouse has been skeptical of crypto regulation in the U.S., but he is feeling highly optimistic about the post-election environment around the corner. Ripple, a veteran company in crypto known in part for its close association with the XRP token, operates a global payments business with banks and financial institutions as its main customers. About 95% of its business takes place outside of the U.S., which Garlinghouse said is partly a reflection of the contentious environment in Washington. On Wednesday, Garlinghouse offered a piece of advice to fintech startups in this changing time: "Incorporate outside the United States."

Persons: Brad Garlinghouse, we've, Garlinghouse, … It's Organizations: Milken, Global Conference, Ripple, CNBC, DC, U.S . Securities, Exchange Commission Locations: Beverly Hills , California, U.S, Washington, United States

☆ Amid McDonald’s-linked E. coli outbreak, here are symptoms to watch for and ways to stay safe
▼ + stars: | 2024-10-24 | by ( Jacqueline Howard | ) edition.cnn.com time to read: +7 min

CNN —An outbreak of infections linked to McDonald’s Quarter Pounders has a lot of people across the United States concerned about their exposure to dangerous E. coli bacteria. The type of bacteria that has been implicated in this outbreak is E. coli O157:H7. E. coli, or Escherichia coli, is a common type of bacteria that lives in the intestines of people and animals, but some E. coli can make people sick. For E. coli O157:H7, antibiotics are controversial and are generally not recommended based on some evidence that they can actually increase the risk of hemolytic uremic syndrome,” he said. Thoroughly cooking meat to an internal temperature of 160 degrees Fahrenheit throughout kills E. coli O157:H7, according to the US Department of Agriculture.

Persons: it’s, ”, James Gaensbauer, Dr, Marcus Pereira, ” Gaensbauer, “, Gaensbauer, Leana Wen, Wen, ” Pereira, ” Wen, Sanjay Gupta Organizations: CNN, US Centers for Disease Control, Mayo Clinic Children’s Center, Columbia University College of Physicians, ”, Food and Drug Administration, George Washington University Milken Institute School of Public Health, CDC, US Department of Agriculture, Get CNN, CNN Health Locations: United States, Rochester , Minnesota, Shiga, –

☆ The index fund cushion is an equal opportunity booster for stocks
▼ + stars: | 2024-10-20 | by ( Jim Cramer | ) www.cnbc.com time to read: +12 min

S & P 500 money is oblivious to stock valuations of any kind and ignorant to upgrades and downgrades. The Lilliputian sellers regularly fail to do damage when matched with the oblivious index money. A 4% 2-year note isn't competitive to the magnet of the S & P 500 and its kin. That's emblematic of what happens with a big buyback without stock-based compensation (something many tech firms use that renders moot the S & P 500 inflows). Because of the way that the S & P 500 money is divvied up, the share base becomes overwhelmingly index-fund based and the index fund shareholders do not sell.

Persons: Morningstar, Smoot, Herbert Hoover's, Warren Buffett, Buffett, Jerome Powell, haven't, Charlie Scharf, Wells, Banks, Charlie, Morgan Stanley, Ted Pick, James Gorman, Schwab, Gamble, Jim Umpleby, that's, Butch Cassidy, Jim Cramer's, Jim Cramer, Jim, Charles Scharf, Kyle Grillot Organizations: Federal Reserve, Commerce Department, Taiwan Semi, Trust, Fed, Triple AAA Robinhood, Morgan, Procter, United Airlines, Exxon, Caterpillar, Boeing, Apple, Meta, Sundance, Jim Cramer's Charitable, CNBC, Milken Institute Global Conference, Bloomberg, Getty Locations: Hawley, McCumber, Taiwan, Arizona, American, Wells Fargo, Wells, China, Chevron, Beverly Hills, Calif

☆ Tesla robotaxi event comes after a decade of unfulfilled promises from Elon Musk
▼ + stars: | 2024-10-10 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +3 min

With Tesla's hotly anticipated robotaxi event hours away, investors will soon get a glance at what CEO Elon Musk has called the CyberCab. The event comes a week after Tesla reported third-quarter deliveries of 462,890, lifting the number to 1.35 million for the year so far. For all of last year, Tesla reported deliveries of 1.81 million. Gene Munster of Deepwater Asset Management told CNBC's "Fast Money" on Wednesday, that he'll be at the event and expects to test the robotaxi. Tesla was once seen as a pioneer in autonomous vehicle development, but has never managed to deliver or demonstrate robotaxi technology.

Persons: Elon Musk, The Beverly Hilton, Tesla's, Tesla, Garrett Nelson, They're, Gene Munster, CNBC's, He's, Alphabet's, Morgan Stanley Organizations: SpaceX, Tesla, The Beverly, Warner Bros, CFRA, RBC Capital, Deepwater Asset Management Locations: Beverly Hills , California, U.S, Burbank , California, CFRA, Munster

☆ Lee: The market will brace for a huge supply shock.
▼ + stars: | 2024-10-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLee: The market will brace for a huge supply shock. William Lee, Chief Economist at Milken Institute, estimates that the ongoing port strike could cost the U.S. economy $4 billion daily, significantly impacting sectors like chemicals and pharmaceuticals.

Persons: Lee, William Lee Organizations: Milken Institute

☆ Elon Musk once described his past immigration status as a ‘gray area’
▼ + stars: | 2024-09-29 | by ( Catherine E. Shoichet | ) edition.cnn.com time to read: +32 min

So we just rented the office, and slept in the office, and showered at the YMCA,” Elon Musk recalled, drawing laughs from the crowd. “When they did fund us,” Kimbal Musk recalled, “they realized that we were illegal immigrants.”“Well…” Elon Musk interjected. Video of the remarks shows Elon Musk laughing as he jumped in with a different interpretation: “I’d say it was a gray area.”He didn’t elaborate, and it’s unclear what Elon Musk meant by that characterization. Elon Musk, wearing a black Stetson hat, livestreams while visiting the US-Mexico border in Eagle Pass, Texas, on September 28, 2023. Then-President Donald Trump greets Elon Musk before a policy and strategy forum with executives at the White House in February 2017.

Persons: ” Elon Musk, “, Musk, ”, Donald Trump, Biden, It’s, —, Kimbal, ’ Elon Musk, he’s, X, He’s, Walter Isaacson’s, they’ve, Elon Musk, Jeff Skoll, Fred Prouser, ” Kimbal Musk, Elon, haven’t, Ashlee Vance’s, Greg Kouri, can’t, Maye, Charles Kuck, Kuck, Jennifer Minear, That’s, ” Kuck, Alain Jocard, Kimbal Musk, Tesla, Zip2, he’d, Kevin McCarthy, Alex Brandon, it’s, Hunter Swanson, Grace, Swanson, “ They’re, ” Swanson, ” Minear, Minear, Philip Pacheco, Ron Ozio, hadn’t, Vance, CNN there’s, Affairs Julie Greicius, Rajshree Agarwal, Ed Snider, ” Agarwal, Peter Thiel, Paul Sakuma, Agarwal, …, that’s, Elon Musk’s, who’s, hasn’t, Bayar, Zachary Mueller, ” Mueller, I’m, Don Lemon, Mueller, there’s, Stetson, Critics, John Moore, David Bier, ” Bier, Bier, Trump, he's, he'd, Brendan Smialowski, Joe Wilson, ” Wilson, Medina County Sheriff Randy Brown, Elon Musk's, We’re, Daniel Becerril, Reuters Elon Musk hasn’t Organizations: CNN, Twitter, University of Pennsylvania, Tesla Motors, SpaceX, Forbes, Stanford, Kimbal, Milken Institute Global Conference, Reuters, YMCA, Milken, YouTube, Los Angeles Times, US, Immigration Services, American Immigration Lawyers Association, Getty, Tesla, Kennedy Space Center, Center for International Education, Washington, Lee University, Elon, Center for, Learning, Penn, Minear, Materials, Engineering, ” Stanford, Communications, Affairs, American Immigration, Association, Ed Snider Center for Enterprise, University of Maryland, PayPal, eBay, Compaq, University of Washington, America’s, Democratic, Trump, CATO Institute, White, Medina County Sheriff, Fox, Fox News, Polaris Locations: Mexico, United States, Eagle Pass , Texas, Pretoria, South Africa, Canada, Canadian, Palo Alto , California, Beverly Hills , California, Angeles County, U.S, Atlanta, AFP, America, Zip2, California, Cape Canaveral , Florida, Virginia, Washington, Arizona, South Carolina, Medina County, Eagle, , Texas, Rio Grande

☆ Blackstone reveals how to make money in India and mistakes to avoid
▼ + stars: | 2024-09-26 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +4 min

India's economic growth story is a stunning one — but the question of where investors should park their money is not always straightforward, with one Blackstone executive highlighting a common mistake. However, focusing too much on the macro story can be dangerous for investors, according to Blackstone Private Equity's head of Asia, Amit Dixit. I think you go to India for the macro, everybody knows," Dixit said at the Milken Institute's recent Asia Summit in Singapore. While the list of companies Blackstone invests in India are extensive, he spotlighted the likes of information technology service firm Mphasis , IT service management company R Systems and automotive components manufacturer Sona Comstar . "I think, either end of the spectrum, you can make a lot of money as an investor," he said.

Persons: Blackstone, Blackstone Private Equity's, Amit Dixit, Dixit, Sona Comstar, it's, Manraj Sekhon, Sekhon Organizations: Blackstone Private, Milken, Summit, CNBC, Blackstone, Systems, Templeton Global Investments, Milken Asia Summit Locations: India, Hong Kong, Asia, Singapore

☆ CNBC Daily Open: Fedspeak reassures markets
▼ + stars: | 2024-09-24 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Markets regain momentumU.S. markets rose Monday, with the S&P 500 and Dow Jones Industrial Average notching fresh closing highs. Asia-Pacific stocks mostly climbed Tuesday, with the Chinese and Hong Kong markets popping over 3% on Beijing's announcement of policy easing measures. PBOC policy easingThe People's Bank of China Governor Pan Gongsheng on Tuesday announced a cut to banks' reserve requirement ratio.

Persons: Neel Kashkari, The Beverly Hilton, Pan Gongsheng Organizations: Federal Reserve Bank of Minneapolis, The Beverly, CNBC, Dow Jones, People's Bank of China, Boeing, Tech, Big Tech, Companies, Nomura Locations: Beverly Hills , California, U.S, Asia, Pacific, Hong Kong, China, Beijing

☆ Op-ed: The UK's budget problems date back to the 2008 financial crisis
▼ + stars: | 2024-09-24 | by ( Kevin Klowden | Chief Global Strategist At The Milken Institute | ) www.cnbc.com time to read: +2 min

Over the past few weeks, economic news from the U.K. has heavily focused on the state of British national finances and how they might impact both the British public and the prospects for economic growth. Regardless of how the U.K. fiscal situation stands now, it is clear that the current shortfalls are both years in the making and run the risk of having consequences that could last for years to come. The ultimate dilemma facing Labour now is that the country cannot produce enough revenue to close systemic shortfalls without sustained economic growth, but it also cannot create economic growth without real investment, both from the public and private sectors. In many ways, the current fiscal situation dates back to the financial crisis of 2008 and the fact that the country's economy was unable to snap back readily to close the budget shortfalls that occurred then. Borrowing in the financial year to August stood at £64.1 billion ($85 billion), with the country's debt hitting 100% of GDP.

Persons: Keir Starmer, John Healey, George Robertson, Rachel Reeves, Jeremy Hunt Organizations: British, Defence, Downing, Labour, Conservative Locations: London, England, British, United States, China, Japan

☆ SEC says Elon Musk should be sanctioned if he keeps dodging Twitter depositions
▼ + stars: | 2024-09-20 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +3 min

In May, the court ordered Musk to appear for a deposition by the financial regulators regarding the Twitter deal. Musk's deposition in the probe has been rescheduled for a date in early October at an SEC office, the filing said. Additionally, Musk and his companies have "cooperated and are cooperating with the SEC in multiple other ongoing investigations," Spiro wrote. In the messages, the Morgan Stanley contact wrote in February 2022 that Musk's Twitter stock-buying strategy was closely held. "No one knows what is going on and why but you and me," the person at Morgan Stanley wrote.

Persons: Elon Musk, The Beverly Hilton, Robin Andrews, Andrews, Alex Spiro, Quinn Emanuel, Musk, Spiro, Morgan Stanley, Jared Birchall Organizations: SpaceX, Tesla, The Beverly, The Securities, Exchange Commission, SEC, Twitter, Oklahoma Firefighters Locations: Beverly Hills , California, U.S, Los Angeles, New York

In the U.S. overall this year, a concerning, though not unprecedented, number of dengue, EEE and West Nile cases have been reported. “With climate change, we’re basically extending the mosquito season,” said Chantal Vogels, an assistant professor of epidemiology at the Yale School of Public Health. In the U.S., cases have outpaced those of West Nile virus, which is typically more prevalent. This year, Clark County, Nevada, has seen a particularly high number of West Nile cases: 23. “We consider New York state residents to be at risk for West Nile virus every summer,” she said.

Persons: Jennifer White, it’s, ”, ” Barbara Ferrer, Anthony Fauci, Chantal Vogels, Nirbhay Kumar, George Washington, “, Vogels, Nile, White, Thomas Jaenisch, ” White Organizations: Angeles County Department of Public Health, U.S, National Institute of Allergy, Yale School of Public Health, U.S ., Centers for Disease Control, George Washington University’s Milken Institute School of Public Health, World Health Organization, WHO, Southern, Southern Nevada Health, New York State Department of Health, Colorado School of Public Health, Gulf Locations: New York, U.S, California, Los Angeles County, EEE, West, New Hampshire, Vermont, Arizona , California, Florida, Hawaii, Texas, Puerto Rico, U.S . Virgin Islands, Los Angeles, West Nile, Clark County , Nevada, Southern Nevada, Massachusetts, New Jersey, Rhode Island , Vermont, Wisconsin, Gulf Coast

☆ U.S. Trade and Development Agency discusses investments projects in Asia
▼ + stars: | 2024-09-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. Trade and Development Agency discusses investments projects in AsiaEnoh Ebong of the U.S. Trade and Development Agency, speaks to CNBC's Chery Kang at the Milken summit in Asia.

Persons: Chery Kang Organizations: U.S, Trade, Development Agency, Asia Enoh, U.S . Trade, Milken Locations: Asia

☆ Malaysian minister discusses the possibility of incorporating nuclear into the country's energy mix
▼ + stars: | 2024-09-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMalaysian minister discusses the possibility of incorporating nuclear into the country's energy mixSpeaking at the sidelines of Milken's Asia Summit, Nik Nazmi bin Nik Ahmad, Malaysia's Minister of Natural Resources and Environmental Sustainability says that the country is "carefully looking" at utilizing nuclear energy to achieve its net zero goals and that the country believes that it can make palm oil "sustainable" in the future.

Persons: Nik Nazmi, Nik Ahmad Organizations: Malaysian, Milken's Asia, Natural Resources, Environmental Sustainability

☆ Ray Dalio names the top five forces shaping the global economy
▼ + stars: | 2024-09-18 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +3 min

Dalio made his remarks Wednesday ahead of the U.S. Federal Reserve's interest rate decision. Debt, money and the economic cycleWith uncertainty still circling around what the Fed will do at its meeting this week, Dalio raised concerns about how the country's debt will be managed. 'Acts of nature'Dalio then said "acts of nature" have historically posed a bigger threat to humanity and society than war. "Acts of nature, droughts, floods and pandemics have killed more people and been responsible for more domestic orders and international orders changing," Dalio noted. According to the World Economic Forum, the climate crisis results in a 12% loss in global GDP for each 1°C increase in temperature.

Persons: Ray Dalio, Dalio, Kamala Harris, Donald Trump Organizations: Bridgewater Associates, Milken Institute Asia Summit, Bloomberg, Getty, SINGAPORE, Milken, Summit, U.S, CNBC Fed, Economic, Technology Locations: Singapore, U.S, U.S . Federal, China, The U.S, South China

☆ Indonesia's Kadin Chairman: 'Feasible' to reduce Chinese ownership of nickel projects in the country
▼ + stars: | 2024-09-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIndonesia's Kadin Chairman: 'Feasible' to reduce Chinese ownership of nickel projects in the countrySpeaking at the sidelines of Milken's Asia Summit, Anindya Bakrie, CEO of Bakrie & Brothers and newly appointed chairman of the Indonesian Chamber of Commerce and Industry (Kadin), discusses the country's critical minerals industry and says that Indonesia has "all the potential" to export nickel to Western nations.

Persons: Anindya Bakrie Organizations: Milken's Asia, Bakrie, Brothers, Indonesian Chamber of Commerce and Industry Locations: Indonesia

☆ Inside $178 billion Man Group's Oxford gathering: Academic hotshots, internal rising stars, and $25 trillion in institutional capital
▼ + stars: | 2024-09-17 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +7 min

Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewEven when compared to the impressive and lengthy history of the University of Oxford, this week's gathering at Trinity College is noteworthy. Academics, nerds, and rising starsThe speakers over the two-plus days are roughly half Man employees and half external invitees. The firm balances the external speakers — from finance and other disciplines — with a line-up of Man executives and internal rising stars who are working on something that ties into the overall theme. Oxford offers plenty of advantages for the firm's leadership to get to know the decision makers at these firms.

Persons: —, Tom Holland, Steven Desmyter, Milken, Desmyter, there's, Holland, Morgan Stanley, Clare Woodman, John Curtice, Jamie Dimon, Goldman Sachs, Lloyd Blankfein, Mike Lynch, Sumant Wahi, Vinayak Kumar, It's Organizations: Service, University of Oxford, Trinity College, Business, Ashmolean Museum, BBC, Morgan Stanley EMEA, Oxford, Oxford Man Institute, Union House Locations: British, Davos, Hawaii, Sydney, Sicilian, it's, Rhodes House, Trinity, New York, London, Dubai

☆ We debate selling more shares of Procter & Gamble, plus Wells Fargo bounces back
▼ + stars: | 2024-09-16 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Debating P & G: We remain torn over traditional slowdown stocks like Procter & Gamble and other defensive consumer stocks. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, we're, Morgan Stanley, Wells, Wells Fargo, It's, we've, Hock Tan, Rene Haas, Jim Cramer's, Jim, Charlie Scharf, Patrick T, Fallon Organizations: CNBC, Apple, Apple Intelligence, Micron, Currency, Procter, Gamble, Colgate, Palmolive, Broadcom, Arm, Jim Cramer's Charitable, Milken Institute Global Conference, Afp, Getty Locations: stock's, Wells Fargo, Beverly Hills , California

☆ Ken Griffin’s Wellington hedge fund at Citadel squeezes out 1% gain in volatile August
▼ + stars: | 2024-09-04 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Billionaire investor Ken Griffin's suite of hedge funds at Citadel eked out small gains in what proved a volatile month in August as markets grappled with an emerging growth scare. All five strategies used in the flagship fund — commodities, equities, fixed income, credit and quantitative — were positive for the month, the person said. Its equities fund, which uses a long/short strategy, edged up 0.8%, pushing its 2024 returns to 9.3%. The hedge fund complex had about $63 billion in assets under management as of Aug. 1. Overall, the hedge fund community recently moved into a defensive mode as macroeconomic uncertainty mounted.

Persons: Ken Griffin, The Beverly Hilton, Ken Griffin's, Citadel's, Goldman Sachs Organizations: Citadel, Milken Global, The Beverly Locations: Beverly Hills , California, Wellington, Miami

☆ China's property woes and U.S. sanctions have hit some cities hard
▼ + stars: | 2024-09-03 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

BEIJING — China's property struggles and U.S. sanctions have significantly affected some of its cities, even as others benefit from Beijing's tech push, Milken Institute's best performing cities China index showed Tuesday. Since 2015, the index has studied China's large- and mid-sized cities for their economic vibrancy and growth prospects. The index looked at a group of 33 large cities and a group of 217 small cities, then ranked them separately. Historically, Wong pointed out, having control of Zhengzhou, Hefei, and Wuhan have been critical to ensuring control of the country. Correction: This story has been updated to reflect that there are 33 large cities and 217 smaller cities in the index.

Persons: Milken Institute's, Perry Wong, Wong Organizations: CNBC ., U.S, CNBC, Wuhan Locations: HANGZHOU, CHINA, China Vanke, Hangzhou, Zhejiang province, China, BEIJING, Zhejiang, Zhuhai, Guangdong, Hong Kong, Dongguan, The, Shenzhen, Beijing, Zhengzhou, Henan province, Hefei, Wuhan, Anhui, Central China's Hubei

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