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But it was the repeated use of the word holistic - or "bütüncül" - by the former Goldman Sachs banker and Turkey's first female central bank chief that caught most of the attention. "We are making the gradual and steady rate hikes more holistic and stronger through quantitative tightening and selective credit tightening," Erkan told the news conference. "Unless the credit and monetary tightening really kick in, investors would expect the central bank to hike more aggressively," he said. "She clearly wants to be the face of Turkish monetary policy making," said Neuberger Berman's Nazli. "We saw a person who seems to be capable of being a central bank governor, compared to previous governors, but cautious."

Persons: Goldman Sachs, Hafize Gaye Erkan, Erkan, Tayyip Erdogan, Turkey's, Kaan Nazli, Neuberger Berman, policymaker Mehmet Simsek, Tim Ash, Erdogan, Ash, Marek Drimal, Neuberger Berman's Nazli, swerved, Emre Akcakmak, Karin Strohecker, Libby George, Tomasz Janowski Organizations: Turkey's, Ministry, BlueBay Asset Management, Societe Generale, East Capital, Thomson Locations: Rosario, London

☆ Here's what happens to the Dow after a 13-day winning streak, according to history
▼ + stars: | 2023-07-27 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

The Dow Jones Industrial Average closed higher for 13 consecutive days this week, notching its longest winning streak since 1987. Only four such rallies were sustained for 12 days, with the longest winning stretch set at a record 13 days in 1987. In the week following a 10-day streak of gains, stocks have previously held on to their profits, staying flat on average. On average, stocks were also flat a month after a 10-day winning streak. In the quarter after a 10-day streak of gains, stocks have returned an average 2.4% in the past.

Persons: Dow Jones, Dow, Steve Eisman, Neuberger Berman, CNBC's, Michael Lewis, Jerome Powell, —, Fred Imbert Organizations: Dow Jones, America, Boeing, Dow, CNBC, Investors, Federal

☆ Dollar’s decline throws spotlight on battered commodity currencies
▼ + stars: | 2023-07-26 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +5 min

While that's driven rallies in risk assets such as stocks, raw materials prices and some commodity currencies have been slower to respond. Reuters GraphicsThe bullish view on commodity currencies gained traction in recent days after leaders in China - the world’s leading commodity consumer - on Monday pledged to step up policy support for the economy. Prices for oil, copper and other raw materials rose on the news, while commodity currencies such as the Australian and New Zealand dollars edged up. Some other commodity currencies have seen similar declines, with the New Zealand dollar down 2% and the South African rand down 3%. Commodity currencies are far from the only way to play further dollar weakness.

Persons: there's, Francesco Pesole, Brent, Thanos Bardas, Neuberger Berman, Bardas, Bipan Rai, Jane Foley, Saqib Iqbal Ahmed, Ira Iosebashvili, Leslie Adler Organizations: YORK, Reserve, ING Bank, Australian, Reuters, New, U.S, New Zealand, Deutsche Bank, International Monetary Fund, Bank of Japan, U.S ., CIBC, Rabobank, Thomson Locations: Norway, Australia, U.S, Norwegian, China, North America, Sweden

☆ Alphabet earnings beats boosted by cloud growth. How to play the stock
▼ + stars: | 2023-07-26 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAlphabet beats on earnings boosted by YouTube, cloud growth. How the pros are playing the stockJim Cramer, Daniel Flax of Neuberger Berman, Sarat Sethi of Douglas C. Lane & Associates, Steve Weiss of Short Hills Capital and Joe Terranova of Virtus Investment Partners discussed Alphabet after the company beat earnings and revenue estimates in the second quarter and announced some leadership changes.

Persons: Jim Cramer, Daniel Flax, Neuberger Berman, Sarat Sethi, Douglas C, Steve Weiss, Joe Terranova Organizations: YouTube, Lane & Associates, Short Hills Capital, Virtus Investment Partners

Hunter Biden, appearing in court wearing a dark suit and sporting slicked back hair, appeared agitated and worried as the plea deal began to unravel. She said she has “concerns about the constitutionality” of the gun deal because it might violate separation of powers principles. Noreika also has the ultimate decision on what sentence Hunter Biden will receive if a plea deal is accepted or he is tried and convicted. “At least there is some scrutiny going on,” Texas Rep. Chip Roy told CNN in reaction to the Hunter Biden plea deal being refined. GOP Rep. Jim Jordan of Ohio credited IRS whistleblowers critical of the investigation for the collapse of a plea deal, although the issue did not come up during a hearing.

Persons: Hunter Biden, Joe Biden, Hunter, Maryellen Noreika –, Donald Trump, Senate Democrats –, Noreika, Hunter Biden’s, Chris Clark, FARA, ” Noreika, isn’t, –, plop, couldn’t, Judge Maryellen Noreika, Bill Hennessy, Will DOJ’s, Justice Department’s, “, Chip Roy, Delaware’s Trump, David Weiss, Jim Jordan, Weiss, Jordan Organizations: CNN, US, Senate Democrats, Justice Department, Justice, ” Texas, GOP, Committee Locations: FARA, Wilmington , Delaware, Ohio

☆ The Dow just posted its best winning streak since the 1980s. Why it keeps going higher
▼ + stars: | 2023-07-26 | by ( Fred Imbert | ) www.cnbc.com time to read: +3 min

Brendan McDermid | ReutersThe Dow Jones Industrial Average just won't stop going higher it seems like. The Dow on Wednesday rose for a 13th straight day, matching its longest winning streak since 1987. Both are up just 3% since the Dow's streak began. There are several reasons for the Dow's streak, but none may be bigger than recession fears easing. Stock Chart Icon Stock chart icon Dow riding 12-day winning streakNo more recession?

Persons: Brendan McDermid, Dow, Steve Eisman, Neuberger Berman, CNBC's, Michael Lewis, Jerome Powell, Goldman Sachs, Johnson Organizations: New York Stock Exchange, Reuters, Dow Jones, Dow, Nasdaq, Federal, Companies, Goldman Sachs Group, Inc, UnitedHealth, JPMorgan Chase &, Johnson, Intel, CAT Caterpillar Inc Locations: New York City, U.S, Chevron

☆ National Women's Soccer League Commissioner on the future of women's sports
▼ + stars: | 2023-07-25 | 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 EmailNational Women's Soccer League Commissioner on the future of women's sportsNational Women's Soccer League Commissioner Jessica Berman discusses the future of women's sports and how the consumer of women's sports is unique at CNBC's inaugural Game Plan event.

Persons: Jessica Berman Organizations: Soccer League, Women's Soccer League

☆ There's no evidence of a recession so far, says Neuberger Berman's Steve Eisman
▼ + stars: | 2023-07-24 | 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 EmailThere's no evidence of a recession so far, says Neuberger Berman's Steve EismanSteve Eisman, Neuberger Berman senior portfolio manager, joins 'Squawk Box' to discuss the latest market trends, the Fed's rate hike campaign, the banking crisis, Big Tech, and more.

Persons: Neuberger, Steve Eisman Steve Eisman, Neuberger Berman Organizations: Big Tech

☆ 'Big Short' investor Steve Eisman on the hardest lesson he's had to learn over the years
▼ + stars: | 2023-07-24 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Steve Eisman of "The Big Short" revealed a mistake he's made when trying to deploy his strategy of betting against stocks that made him famous. He said the failure of that trade made him realize the challenge of betting against a stock that doesn't trade on fundamentals. "The hardest thing that I have found over the years, is trying to short cult stocks, or meme stocks, they seem to go up on nothing," Eisman said on CNBC's " Squawk Box. " His success was chronicled in Michael Lewis' "The Big Short," and the subsequent Oscar-winning movie based on the book. Eisman said he was shocked by the stock's rally despite the EV company's drastic price cuts recently.

Persons: Steve Eisman, he's, Neuberger Berman, Eisman, shorting, Michael Lewis, Elon, Jim Chanos, Tesla, it's Organizations: Tesla Locations: United States

☆ Steve Eisman says the stock market can keep running higher, since there's no evidence of a recession
▼ + stars: | 2023-07-24 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Steve Eisman, the investor who called and profited from the subprime mortgage crisis, said Monday that the stock market could continue to march higher if there's no sign of a recession. "So far, there's no evidence of a recession. So as long as there's no evidence of recession, and I think the market will probably continue to melt up; people are chasing," Eisman, senior portfolio manager at Neuberger Berman, said on CNBC's " Squawk Box." "We came into the year where most people were predicting the most anticipated recession that's never happened," Eisman said. But there's no data to support it at this time," Eisman said.

Persons: Steve Eisman, Eisman, Neuberger Berman, Michael Lewis Organizations: Dow Jones, Federal Reserve

☆ The dollar’s decline is yet another positive for the broad market — including AI stocks
▼ + stars: | 2023-07-22 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

A weaker dollar will continue to support a broad stock market rally that has already seen an extraordinary run-up this year. Since topping out in late last September, the ICE U.S. Dollar Index has fallen about 13%. A weaker dollar "starts to set into motion a few different dynamics," said Yung-Yu Ma, chief investment officer at BMO Wealth Management. .DXY 1Y mountain ICE U.S. Dollar Index over past year A weaker dollar typically lifts large-cap stocks that are more likely to have an international footprint. What's more, emerging market companies more easily pay back dollar-denominated debt when the greenback is weaker.

Persons: it's, Yung, Yu Ma, Shannon Saccocia, Riley Financial's Art Hogan, Hogan, Neuberger Berman's Saccocia, Saccocia, We've Organizations: ICE, BMO Wealth Management, Federal Reserve, Bank of Canada, Bank of England, European Central Bank, Vanguard FTSE Emerging

☆ How to find the easiest side hustle for you, says 27-year-old who’s tried dozens and brought in nearly $700K last year
▼ + stars: | 2023-07-22 | by ( Gili Malinsky | ) www.cnbc.com time to read: +2 min

The 27-year-old picked up his first side gig his freshman year of college when he founded a disc golf manufacturing company. "Also did some tutoring, podcast editing, video editing, running affiliate marketing campaigns." He says he made between $1,500 and $1,800 per month on his various hustles. Having tried so many hustles, Berman's gleaned a few insights about which might be easiest to pick up. For him, the easiest hustles to dive into were those in content creation, like podcast editing and video editing.

Persons: Cody Berman, hustles, Berman juggles, Berman, he'd, There's

The dollar index dipped below the 100 level on July 14, marking its lowest level since mid-April 2022. "So there's just a dynamic where the overall access to capital funding improves when there's a weaker dollar in emerging markets, and vice versa. The Swiss bank found that the MSCI Emerging Markets index is trading near a 36% discount to the S & P 500. The three largest are: Vanguard FTSE Emerging Markets ETF , iShares Core MSCI Emerging Markets ETF and iShares MSCI Emerging Markets ETF . Core MSCI is higher by 9.6% in 2023, iShares MSCI Emerging Markets is up 8.2% and Vanguard FTSE Emerging Markets has gained 7.4%.

Persons: Shannon Saccocia, Yung, Yu Ma, there's, Ma, Xingchen Yu, Yu, —, Michael Bloom, Sarah Min Organizations: U.S, UBS, Neuberger Berman, Wealth, Research, Wealth Management, Vanguard FTSE, Markets Locations: outflows, U.S, India, Vietnam, Swiss, America, South, Southeast Asia, Central, Eastern Europe

☆ Netflix says subscribers to its ads plan have doubled. Meet the 19 execs driving the streamer's aggressive push into advertising.
▼ + stars: | 2023-07-20 | by ( Lucia Moses | ) www.businessinsider.com time to read: +8 min

Netflix said in its 2Q earnings that subscribers to its ads plan have doubled over the previous quarter. Peter Naylor, VP of global advertising salesPeter Naylor, VP, global advertising sales. Netflix has also brought on several directors and other roles in ad sales who've worked at Hulu, Snap, and elsewhere. Chad Rumminger, who focuses on automotive accounts, from automotive ad sales at Twitter. Julie Taylor Green is head of US vertical ad sales; she was TikTok's director of global business solutions before that.

Persons: execs, they're, Jeremi Gorman, Peter Naylor —, Netflix salespeople, Nielsen, DoubleVerify, Kelly Metz, They've, Gorman, Peter Naylor, who've, Naylor, Julie DeTraglia, Kinsey Tamberrino, He's, Hulu playbook, Adam Gerber, Gerber, he's, it's, She's, Asaf Davidov, DeTraglia, Jon Whitticom, Whitticom, that's, Kinsey Osberg Tamberrino, Michaela Giovengo, Valerie Bischak, Doug Brodman, Victoria Morris, Amy Newton, Joanna Read, Eric Berman, Chad Rumminger, Morgan Tully, Nicole Sabatini, Julie Taylor Green, Chris Smutny Organizations: Netflix, Hulu, ABC, Microsoft, Omnicom Media, Yahoo, Gorman's, ABC Television Group, Disney, Comcast, Viacom Media Network, Amobee, Twitter, Google, Amazon, Tech, Gaming, Entertainment Locations: Hulu, TikTok

☆ Barbie is all the buzz this summer — and retailers hope it will make cautious consumers spend
▼ + stars: | 2023-07-18 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +7 min

Bloomingdale's is just one of the retailers and brands trying to tap into Barbie buzz. With a splash of hot pink, retailers hope to chase away the summer doldrums and inflation blues. About half of Aldo's Barbie collection sold out in the first week. So far, the Barbie merchandise is "selling incredibly well" and appealing to customers across generations, said Frank Berman, the department store's chief marketing officer. Gap has sold out of some of its popular Barbie items, including rectangular pink sunglasses.

Persons: Bloomingdale's, Barbie, Aldo, Brand, Daianara Grullon Amalfitano, Aldo's, Aldo Macy's, Frank Berman, Berman, it's, Ken, Circana, Margot Robbie's, Oliver Chen, Cowen, Chen, Susan Fournier, Barbie isn't, Fournier Organizations: Warner Bros, Mattel, Companies, NPD Group, IRI, Unit, Walmart, Target, Amazon Prime, Consumers, Adobe Analytics, Aqua Locations: Manhattan, Lexington Ave, U.S, Boston, New York City

☆ OpenAI partners with American Journalism Project to support local news
▼ + stars: | 2023-07-18 | by ( ) www.reuters.com time to read: +1 min

July 18 (Reuters) - OpenAI is committing $5 million to the American Journalism Project (AJP) under a partnership that will look for ways to support local news through artificial intelligence, the Microsoft-backed startup said on Tuesday. The deal will also give the non-profit and related organizations up to $5 million in OpenAI credits for the use of the technology popularized by ChatGPT. "With this partnership, we aim to promote ways for AI to enhance — rather than imperil — journalism," said Sarabeth Berman, CEO of AJP. AJP is a venture philanthropy that provides grants to local nonprofit news organizations, to help sustain their newsrooms. To date, it has raised $139 million from local and national funders to address the U.S.' local news crisis, and backed 41 nonprofit local news organizations across the country.

Persons: OpenAI, ChatGPT, Sarabeth Berman, Samrhitha, Pooja Desai Organizations: American Journalism, Microsoft, Associated Press, ., Thomson Locations: Bengaluru

☆ We have seen a delay in the anticipated economic slowdown, says Neuberger Berman's Shannon Saccocia
▼ + stars: | 2023-07-17 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe have seen a delay in the anticipated economic slowdown, says Neuberger Berman's Shannon SaccociaShannon Saccocia, Joe Terranova, and Steve Weiss join 'Halftime Report' to discuss the market trending towards record highs, catalysts for GDP growth, and a nominal sales slowdown.

Persons: Neuberger Berman's Shannon Saccocia Shannon Saccocia, Joe Terranova, Steve Weiss

☆ 'Big Short' investor Steve Eisman says stocks will keep on chugging as long as economic data is fine
▼ + stars: | 2023-07-13 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Steve Eisman of "The Big Short" fame said Thursday that the stock market rally can carry on as long as the economy stays healthy. But it could go on for quite a bit longer because as long as the economic data is OK, I don't see why people are going to sell their stocks." The market ended the first half of the year with flying colors, and it just got another boost this week from softer-than-expected inflation data. So, for the regionals, I don't think earnings have bottomed and I wouldn't even think about buying them until I thought that they had," Eisman said. The widely followed investor also revealed he's betting on "greenification," or companies involved in solar panels, grid improvement and industrials.

Persons: Steve Eisman, Eisman, Neuberger Berman, hasn't, Michael Lewis Organizations: Federal Reserve, Fed

☆ If you left your cocaine at the White House, you're in the clear now
▼ + stars: | 2023-07-13 | by ( Taylor Berman | ) www.businessinsider.com time to read: +2 min

The Secret Service concluded their investigation into the cocaine bag without identifying any suspects. Surveillance footage of the area in the West Wing also was no help in finding the culprit. The Secret Service has concluded their investigation into the incident without identifying any suspects, CNN and the Associated Press were the first to report. The cocaine was confirmed as cocaine by subsequent lab tests, and the Homeland Security's National Biodefense Analysis and Countermeasures Center eventually confirmed it posed no actual threat. Surveillance footage of the area also proved inconclusive, CNN reports, and the Secret Service wasn't even able to determine what day the drugs were left behind.

Persons: wasn't Organizations: Service, CNN, Associated Press, White, Homeland, Countermeasures Center Locations: Wall, Silicon

☆ If you left your cocaine at the White House, you're in the clear now: reports
▼ + stars: | 2023-07-13 | by ( Taylor Berman | ) www.businessinsider.com time to read: +2 min

The Secret Service concluded their investigation into the cocaine bag without identifying any suspects. The AP reports no DNA or fingerprints were found on the bag. Surveillance footage of the area in the West Wing also was no help in finding the culprit. The Secret Service has concluded their investigation into the incident without identifying any suspects, CNN and the Associated Press were the first to report. Surveillance footage of the area also proved inconclusive, CNN reports, and the Secret Service wasn't even able to determine what day the drugs were left behind.

Persons: wasn't Organizations: Service, CNN, Associated Press, White, Homeland, Countermeasures Center Locations: Wall, Silicon

☆ Watch CNBC's full interview with 'Big Short' Investor Steve Eisman
▼ + stars: | 2023-07-13 | by ( Melissa Lee | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with 'Big Short' Investor Steve EismanSteve Eisman, Neuberger Berman senior portfolio manager, joins 'Fast Money' to talk markets, infrastructure spending, the banking sector and earnings season.

Persons: Steve Eisman Steve Eisman, Neuberger Berman

☆ 'Big Short' Investor Steve Eisman says earnings have not bottomed out for regional banks
▼ + stars: | 2023-07-13 | by ( Melissa Lee | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Big Short' Investor Steve Eisman says earnings have not bottomed out for regional banksSteve Eisman, Neuberger Berman senior portfolio manager, joins 'Fast Money' to talk markets, infrastructure spending, the banking sector and earnings season.

Persons: Steve Eisman, Eisman, Neuberger Berman

CNN —Leslie Van Houten, a former Charles Manson follower and convicted murderer, was released from a California prison on Tuesday, a prison spokesperson told CNN. Van Houten was released to parole supervision, California Department of Corrections and Rehabilitation spokesperson Mary Xjimenez said. Van Houten will have a three-year maximum parole term with a parole discharge review occurring after one year, Xjimenez said. In 1994, Van Houten described her part in the killings in a prison interview with CNN’s Larry King. “I went in and Mrs. LaBianca was laying on the floor and I stabbed her,” said Van Houten, who was 19 at the time of the murders.

Persons: Leslie Van Houten, Charles Manson, Van Houten, Mary Xjimenez, Xjimenez, Manson, ”, Leno LaBianca, Rosemary, Gavin Newsom’s, Van, Newsom, Van Houten’s, Erin Mellon, “, ” Melton, Jay Sebring, Governor Newsom, ” Sebring’s, Anthony DiMaria, CNN’s Laura Coates, ” DiMaria, rampages, Nancy Tetreault, CNN’s John Berman, that’s, ” Tetreault, Berman, she’s, Tetreault, –, Jerry Brown, Gavin Newsom, CNN’s Larry King, LaBianca Organizations: CNN, California Department of Corrections, Rehabilitation, California Gov, California Supreme, Gov Locations: California, Los Angeles, Van Houten, United States

☆ Watch CNBC’s full interview with Neuberger Berman's Holly Newman Kroft on value amid volatility
▼ + stars: | 2023-07-11 | 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 EmailWatch CNBC’s full interview with Neuberger Berman's Holly Newman Kroft on value amid volatilityHolly Newman Kroft, Neuberger Berman, joins 'Squawk on the Street' to discuss the bull market rally and what to expect next from the Fed.

Persons: Neuberger Berman's Holly Newman, Holly Newman Kroft, Neuberger Berman

July 7 (Reuters) - A former U.S. Army financial counselor from New Jersey was criminally charged on Friday with defrauding grieving military families out of life insurance payments, causing millions of dollars of losses while reaping big commissions for himself. The U.S. Department of Justice charged Caz Craffy, 41, of Colts Neck, New Jersey, through a 10-count indictment with wire fraud, securities fraud and making false statements targeting members of at least two dozen Gold Star families. Craffy "preyed upon these vulnerable families," U.S. Attorney Philip Sellinger in New Jersey said at a news conference. Craffy, who is also known as Carz Craffey, also faces civil charges from the U.S. Securities and Exchange Commission. Gold Star families include people who have immediate family members who died in active duty.

Persons: Caz Craffy, Philip Sellinger, Craffy, Mark Berman, Sellinger, Gurbir Grewal, Grewal, Jonathan Stempel, Daniel Wallis Organizations: U.S, Army, U.S . Department of Justice, Gold Star, U.S . Securities, Exchange Commission, Star, Authorities, SEC, Thomson Locations: New Jersey, , New Jersey, New York

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