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☆ What Trump's win means for retail giants like Walmart, Target, and Costco
▼ + stars: | 2024-11-07 | by ( Dominick Reuter | Nora Redmond | ) www.businessinsider.com time to read: +7 min

Trump's second term likely means changes are on the way that will impact retailers. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementDonald Trump's return to the White House is likely to usher in sweeping changes that will impact retailers like Walmart, Target, and Costco — ranging from new tariffs to tax cuts and a new regulatory environment. Trump's campaign promises, along with his prior term record, offer some insights into what major retailers can expect from his second term. Advertisement"That's actually very unhelpful for a lot of retailers, especially in areas like technology, which a lot of retailers are involved," he said.

Persons: —, Donald Trump's, Donald Trump, Neil Saunders, it's, John David Rainey, Trump, Chris Walton, Walton, Jonathan Gold, Johns, Tinglong Dai, Saunders, He's, Lina Khan Organizations: Service, Walmart, Target, Costco, TractorTractor, Dick's Sporting Goods, Data, Omni, National Retail Federation, Trump, Pew Research, Federal, FTC, Kroger, Albertsons, Republican Locations: China, Johns Hopkins, Washington

☆ Safe-haven gold on track for best month in seven
▼ + stars: | 2024-10-31 | by ( ) www.cnbc.com time to read: +2 min

Gold Bullion from the American Precious Metals Exchange seen in this picture taken in New York on Sept. 15, 2011. Gold prices climbed to a record high on Thursday and were headed for their best month in seven on safe-haven demand ahead of the U.S. presidential election, while investors awaited U.S. inflation report for clues on the interest rate path. Spot gold was steady at $2,786.89 per ounce, as of 0254 GMT, after hitting a record high of $2,790.15 earlier in the session. "Traders want to buy gold whether it rises or falls, and that has kept retracements small and consolidations tight. All three metals were on track for a monthly gain.

Persons: Donald Trump, Kamala Harris, Kyle Rodda, Matt Simpson, Bullion Organizations: Precious Metals, U.S, Republican, Democratic, Trump, Capital.com, Index Locations: New York, U.S, United States, Index ., China

☆ French budget surprises with focus on tax hikes as analysts warn of ratings downgrades
▼ + stars: | 2024-10-11 | by ( Jenni Reid | ) www.cnbc.com time to read: +5 min

watch nowFrance's newly-installed government on Thursday presented a draft budget containing 60 billion euros ($65.6 billion) in tax hikes and spending cuts, as analysts warned the package may not be enough to stave off ratings downgrades for the economy. The 2025 budget features a greater focus on tax-raising measures than some were expecting. "The problem is when you have to find 60 billion, we have never found 60 billion in one year, it would be unprecedented, and that's why it's not very credible to find so huge an amount, especially with only a very fragile relative majority." Tax focusThe policy mix underpinning the 2025 budget is "less skewed towards spending cuts and more geared towards tax increases than we anticipated," analysts at Goldman Sachs said in a note Friday. French Minister for the Economy, Finance and Industry Antoine Armand arrives at the Elysee presidential palace to attend the weekly cabinet meeting, during which France's 2025 budget was presented, on October 10, 2024 in Paris.

Persons: Camatte, CNBC's, Michel Barnier, Barnier, Goldman Sachs, Industry Antoine Armand, Ludovic Marin, Erik, Jan van Harn Organizations: Union, Goldman, Economy, Finance, Industry, Afp, Getty, CNBC, Rabobank Locations: France, Belgium, Natixis, Paris, Europe

☆ Student-loan payments will be paused for 3 million borrowers after federal judges blocked debt cancellation and cheaper bills through Biden's new repayment plan
▼ + stars: | 2024-06-28 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAfter federal courts blocked key parts of President Joe Biden's new repayment plan, the Education Department announced additional steps to help borrowers during this time. On Monday, two separate rulings from federal judges in Kansas and Missouri placed preliminary injunctions on key provisions in the SAVE income-driven repayment plan. The Justice Department appealed both decisions and while courts have yet to make a final decision on the fate of the SAVE plan, relief is temporarily blocked. "The Biden Administration must continue to take immediate action to ensure borrowers receive the student debt cancellation they were promised."

Persons: —, Joe Biden's, consolidations, servicers, Biden, Harris, Cardona, Ayanna Pressley Organizations: Service, Education Department, Business, The, SAVE, Republican, GOP, Democratic, Biden Administration Locations: Kansas, Missouri

☆ Opinion: Why Apple’s iPad ad hit such a nerve
▼ + stars: | 2024-05-10 | by ( Opinion Bill Carter | ) edition.cnn.com time to read: +4 min

Actors, directors, writers and academics expressed outrage at the Apple ad. I liked the sarcasm of screenwriter Ed Solomon’s post on X: “Who needs human life and everything in life that makes it worth living? Sincerely, Apple.”That was not the message Apple intended to convey, was it? Join us on Twitter and FacebookGiven that ongoing uncertainty and trepidation, the Apple ad is not merely tone deaf, it’s stone deaf. 1 hit (perhaps not the greatest example of human creativity, but still) that plays over images of paint cans exploding and musical instruments splintering to dust.

Persons: Bill Carter, Apple, Sonny, Cher, Bill Carter Bill Carter, Tor, “, “ We’ve, Tim Cook, Pete Townsend, Ed Solomon’s, creatives, … Organizations: The New York Times, CNN, HBO, Apple, Tech, Twitter, Facebook

☆ Wolfe Research says to play enduring inflation through energy stocks — these 2 in particular
▼ + stars: | 2024-04-29 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

Investors should look to energy stocks as stubborn inflation weighs on the stock market amid growing anxiety over whether the Federal Reserve will cut interest rates at all this year, according to Wolfe Research. "This inability to adequately tame inflation of course coincides with the reacceleration of Oil and Energy stocks over the past few months," analysts Rob Ginsberg and Read Harvey told clients in a Monday note. The Wolfe analysts said investors should take advantage of any near-term overbought consolidations and make a play for the stock to rise back into the mid $40s. Crude oil and the 10-year breakeven inflation rate, meanwhile, are both on the upswing from multiyear bases, according to the Wolfe analysts. "Needless to say, we want to keep playing Oil and Energy stocks to the upside over near – mid term, which should in turn put continued upward pressure on inflation," the Wolfe analysts said.

Persons: Rob Ginsberg, Read Harvey, Ginsberg, Harvey, Halliburton, EQT, Wolfe, CNBC's Michael Bloom Organizations: Federal Reserve, Wolfe Research, Oil, Energy, Halliburton, EQT Corporation, HAL, Securities Locations: –

☆ Walgreens' biggest healthcare bet is floundering as it shutters 160 primary-care clinics
▼ + stars: | 2024-03-28 | by ( ) www.businessinsider.com time to read: +4 min

It's exiting 160 VillageMD primary-care clinics, up from the previously planned 60. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Walgreens' healthcare business reported an operating loss of $1.7 billion in 2023, and VillageMD makes up the bulk of that business. The move to close so many clinics has some analysts questioning whether Walgreens plans to ditch its healthcare bets altogether. A Walgreens spokesperson said VillageMD has exited or plans to exit Florida, Indiana, Chicago, Massachusetts, Rhode Island, and Nevada.

Persons: VillageMD, —, Tim Wentworth, Roz Brewer, Mary Langowski, John Driscoll, they've, Jack Slevin, Jefferies, Allen Lutz, Slevin, Cigna Organizations: Walgreens, Service, Express, Health, Summit Health, WBA, BofA Securities, Shields Health Solutions, Healthcare Locations: VillageMD, Chicago, Florida , Indiana, Chicago , Massachusetts, Rhode Island, Nevada

☆ Market consolidations and corrections are buyable, says Ross Mayfield
▼ + stars: | 2024-02-29 | 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 EmailMarket consolidations and corrections are buyable, says Ross MayfieldRoss Mayfield, Investment Strategy Analyst at Baird, discusses the final trading day of the month and key inflation data out this week.

Persons: Ross Mayfield Ross, Baird Organizations: Investment

☆ Stock futures open little changed to start the shortened Thanksgiving holiday week
▼ + stars: | 2023-11-19 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

U.S. equity futures opened little changed on Sunday evening, heading into the shortened Thanksgiving holiday week with all of the major averages coming off of their third straight winning performance. S&P 500 futures were down by about 3 points, or nearly 0.1%, and Nasdaq 100 futures were lower by 34 points, or 0.2%. The S&P 500 closed last week higher by 2.2% and the Dow added 1.9%, marking the first three-week streak for the indexes since July. Ahead of the Thanksgiving Day-shortened week, traders are awaiting Nvidia's earnings and forward guidance out Tuesday. Trading around the Thanksgiving holiday has been choppy in recent years, but November is still the best-performing month for the S&P 500, according to the Stock Traders' Almanac.

Persons: Bill Baruch, CNBC's, Friday's, OpenAI's, Sam Altman Organizations: Dow Jones, Nasdaq, Dow, Treasury, Federal Reserve, Blue, FactSet, Microsoft, Stock Traders

☆ Wall Street turns to Nvidia earnings in the week ahead as stocks try to keep their November momentum
▼ + stars: | 2023-11-17 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

Nvidia earnings will be in focus in the Thanksgiving-shortened week ahead, as investors consider the sustainability of the November rally heading into year-end. NVDA YTD mountain Nvidia YTD The chip giant's results will come amid a broad rally for equities this month. The S & P 500 has climbed more than 7%, and the tech-heavy Nasdaq Composite has advanced more than 9%. That stands in marked contrast to the S & P 500, which trades at a multiple of 22. Hopes for a dovish Fed Wall Street is also heading into next week after absorbing some positive news.

Persons: Timothy Arcuri, China —, Piper Sandler, Harsh Kumar, Quincy Krosby, Bill Baruch, CNBC's, That's, Bonds, Giuseppe Sette, Dow, Jeff Hirsch, —, Michael Bloom Organizations: Nvidia, UBS, Dow Jones Industrial, Nasdaq, Microsoft, LPL, Dow, Blue, Investors, Chicago Fed, HP Inc, Autodesk, Devices, Lowe's, Deere, P, PMI, P Global PMI Locations: FactSet, China, Treasurys, Lombard, Michigan

☆ Monday, Nov. 6, 2023: Cramer ponders which holding to add to after trimming this retailer
▼ + stars: | 2023-11-06 | by ( Sean Conlon | ) www.cnbc.com time to read: 1 min

Monday, Nov. 6, 2023: Cramer ponders which holding to add to after trimming this retailerJim and Jeff discuss why they'd like to add more shares to either a chemical, health-care, manufacturing, or cybersecurity stock in the Charitable Trust after taking some profit from this sportswear retailer last Friday. Finally, Jim previews earnings results for this energy holding amid a rise in consolidations in the industry.

Persons: Cramer, Jim, Jeff Locations: consolidations

☆ Gold is testing the key $2,000 level. Why analysts are bullish and where they think it can go next
▼ + stars: | 2023-10-31 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Chart analysts are optimistic on the price of gold as the metal tests a ceiling that has previously capped gains. Spot gold has traded around the closely-watched $2,000 level in recent days for the first time since May. And, if previous highs can be surpassed, "we do think it's got some room to run here." That's based on analysis of previous movement in the gold chart to estimate how high the metal could go in the near term. Cappelleri, meanwhile, is first watching $2,180 after previous highs, based on a technical analysis of measured moves.

Persons: Thomas DiFazio, it's, Katie Stockton, Frank Cappelleri, Cappelleri, DiFazio, Mark Newton, Newton, It's Organizations: Bank of Japan Locations: Israel

REUTERS/Athit Perawongmetha/File Photo Acquire Licensing RightsHANOI/SINGAPORE, Aug 22 (Reuters) - Thailand's second-biggest lender Kasikornbank (KBANK.BK) is in talks to buy consumer finance provider Home Credit Vietnam in a deal of up to $1 billion that would further its push to expand in Vietnam, two sources said. The Bangkok-based lender, also called KBank, hopes to become one of Vietnam's top 20 banks in terms of assets by 2027. It has total assets worth $119.7 billion, second only to Bangkok Bank (BBL.BK) in Thailand, Refinitiv data showed. KBank and Home Credit Group did not respond to Reuters' requests for comments. Home Credit Group is controlled by the Czech Republic's biggest investment group, PPF, which was founded by late billionaire Petr Kellner.

Persons: Athit, KBank, Petr Kellner, Phuong Nguyen, Kane Wu Organizations: Kasikorn, REUTERS, Rights, Home Credit Vietnam, Bangkok Bank, Stock Commercial Bank, Sumitomo Mitsui, Home, Home Credit, Home Credit Group, Thomson Locations: Bangkok, Thailand, Rights HANOI, SINGAPORE, Vietnam, Vietnam Prosperity, Asia, Netherlands, Czech, Hanoi, Singapore

☆ Opinion | From Jacobites to Populists
▼ + stars: | 2023-08-02 | by ( Ross Douthat | ) www.nytimes.com time to read: +3 min

It’s not that today’s populists (a few intellectuals aside) favor the restoration of an absolute or Catholic monarchy. Rather, like the original Jacobites, they represent a hodgepodge of somewhat disparate causes, unified mostly by their oppositional and outsider status, their distance from and defiance of the Whiggish metropole. As Frank McLynn points out in his history of the Jacobites, whatever specific designs the Stuarts had in mind, their movement always included a variety of competing ideological and religious tendencies. There were English Jacobites who wanted to see the Stuarts enthroned over all the British Isles. There were also plenty of opportunists, familiar from the grifter politics of our own day — smugglers and privateers seeking relief from a centralizing British state, bankrupt gentry seeking relief for their accumulated debts.

Persons: Donald Trump’s, Bonnie Prince Charlie, Trump, Frank McLynn Organizations: European Union, London, Whig, Jacobite, Jacobites, Scottish Locations: England, United Kingdom, Scotland, Northern Ireland, Europe, Ulster, United States, Scottish, British, London

☆ Remote work has made downtown DC a ghost town as federal office buildings sit mostly empty
▼ + stars: | 2023-07-18 | by ( Eliza Relman | ) www.businessinsider.com time to read: +5 min

But unlike many other US cities, much of DC's downtown office space is controlled by a single landlord: the federal government. There are three major issues when it comes to empty federal building space, Marroni said. Many congressional Republicans have also demanded that the Biden administration both restrict telework and get rid of unused office space. The White House Office of Management and Budget asked federal agencies in April to "substantially increase meaningful in-person work" by limiting telework. But there are concerns — including from employee unions — that restricting remote work could hurt the recruitment and retention of federal workers.

Persons: Muriel Bowser, hasn't, —, David Marroni, Marroni, She's, Biden, Scott Perry, they've Organizations: Office, DC, Service, Republicans, Transportation, Infrastructure, GAO, Pennsylvania Republican, White, Office of Management, Department of Education, Department of Veterans Affairs, Post, Trump International Locations: Wall, Silicon, Washington, DC's, Pennsylvania

☆ Chevron tops estimates with first-quarter profit gain despite slide in oil prices
▼ + stars: | 2023-04-28 | by ( ) www.cnbc.com time to read: +2 min

Oil major Chevron beat market expectations on Friday as profit nudged higher in the first quarter, with earnings from refining compensating for a slide in energy prices and in oil and gas production. Net profit climbed 5% to $6.57 billion or $3.46 per share. That compares with a Wall Street consensus for flat profit at $3.38 per share, according to figures compiled by Zacks Investment Research. The company's standout business was oil refining, where higher margins helped income surge more than five-fold to $1.8 billion. But its oil and gas production division saw its net profit tumble 25% on a big year-over-year decline in prices.

☆ Chevron tops estimates with Q1 profit gain despite slide in oil prices
▼ + stars: | 2023-04-28 | by ( Sabrina Valle | ) www.reuters.com time to read: +2 min

HOUSTON, April 28 (Reuters) - Oil major Chevron Corp (CVX.N) beat market expectations on Friday as profit nudged higher in the first-quarter, with earnings from refining compensating for a slide in energy prices and in oil and gas production. Net profit climbed 5% to $6.57 billion or $3.46 per share. That compares with a Wall Street consensus for flat profit at $3.38 per share, according to figures compiled by Zacks Investment Research. The company's standout business was oil refining, where higher margins helped income surge more than five-fold to $1.8 billion. But its oil and gas production division saw its net profit tumble 25% on a big year-over-year declines in prices.

☆ Salesforce Customers Not Swayed by Slack, Analysts Say
▼ + stars: | 2023-01-06 | by ( Angus Loten | ) www.wsj.com time to read: +6 min

Salesforce reported about $402 million in Slack subscription and support revenue in the fiscal third quarter ending Oct. 31. Meanwhile, on Wednesday Salesforce said it would lay off 10% of its workforce as customers take a more cautious approach to spending. “The Slack acquisition by Salesforce has not changed the trajectory of Salesforce up or down,” said Tim Crawford, CIO strategic adviser at Los Angeles-based enterprise IT advisory firm AVOA. “That’s really the struggle for customers, to maintain the pace with a company like Salesforce,” he said. Forrester’s Ms. Herbert said the recent departures of Mr. Taylor and the Slack executives might signal that Salesforce is shifting the focus back to its core products.

☆ 7 top dealmakers share their biggest 2023 healthcare predictions, from new ways to use AI to a surge of new health insurance startups
▼ + stars: | 2022-12-26 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +2 min

The market downturn will create opportunities for more M&A, Devin Carty, the CEO of Martin Ventures, saysDevin Carty. Martin VenturesIf 2021 was the year of big venture checks and wildly oversize valuations among healthcare startups, 2022 was when it all came crashing back to earth. But the down economy will be an opportunity for venture-capital and private-equity firms, said Carty. His Nashville, Tennessee, venture-capital firm invests in and launches healthcare startups, including companies transforming primary care, such as Wellvana, or kidney care, such as Evergreen Nephrology. So far in 2022, the firm invested in six new companies and nine startups already in its portfolio.

☆ 7 top bankers and investors share their boldest 2023 healthcare predictions, from a big bet on AI to more funding for startups selling directly to patients
▼ + stars: | 2022-12-21 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +2 min

☆ Turbulent markets jolt currency hedge funds from decade-long slumber
▼ + stars: | 2022-10-18 | by ( Nell Mackenzie | ) www.reuters.com time to read: +6 min

But a post-crisis wash of central bank quantitative easing and developed-world interest rates barely above zero sapped the near $7 trillion-a-day global currency markets of the kind of flows that hedge funds thrive on. Similarly, HFR’s HFRI 500 Currency Index, which also tracks these funds, is up 8.29%, its best performance since 2007 and soundly beating the 3.8% rise in a broader hedge fund index. The years of muted volatility culled existing currency hedge funds and deterred the creation of new ones, a process which typically takes 7-8 months. (Currency hedge fund launches and closures )A few stuck it out. It has a $4.5 billion currency fund and a $4.4 multi-asset fund, recent public disclosures showed.

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☆ Biden's student-debt cancellation goes to court today. Republican arguments will center around the 'enormous' financial harm the relief will cause loan companies and states.
▼ + stars: | 2022-10-12 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

Six Republican-led states are seeking to block Biden's student-loan forgiveness. Their defense outlines financial harms the relief will cause to state and company revenues. Financial harms to MOHELAThe Republicans countered the Biden administration's claim that MOHELA is separate from the state, and financial harms to the company would not impact the state. They said that MOHELA must report to the Missouri government, and because student-loan forgiveness would impact revenue from direct loans, "it reduces MOHELA's resources to perform these essential education-advancing functions for Missouri. The filing also noted that there is "concrete and direct — and enormous" harm to MOHELA's finances brought on by debt relief, citing a loss of tens of millions of dollars per year in revenue should the relief go through.

Latinos are underrepresented in the media industry workforce across film, radio, television, newspapers and digital platforms, according to the report. Latinos are 19% of the nation's population, almost 1 in 5 Americans, and 18% of workers outside the media industry. The largest percentage of Hispanic media industry workers were employed in service worker positions (19%) — which include food, cleaning and personal and protective services, according to the latest available reports submitted by media companies to the U.S. In positions that can influence the content audiences consume, Latinos were far less represented: They made up only 7% of professional media industry positions such as actors, producers, directors, writers, reporters and editors. When Latinos did see themselves represented in content, they felt "it was inaccurate" in most cases, de Armas said.

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