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☆ China's consumers aren't buying stuff, but it's not because they're broke
▼ + stars: | 2024-07-19 | by ( Huileng Tan | ) www.businessinsider.com time to read: +1 min

Chinese consumers are saving more, impacting luxury brand sales and economic growth. Household deposits reached around 147 trillion yuan by June, hitting a record high. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementChina's once free-spending consumers are holding back, hitting luxury brands particularly hard.

Persons: —, China's Organizations: Service, People's Bank of China, Business Locations: Beijing, China

Read previewMajor airlines, banks, and supermarkets are experiencing widespread disruptions linked to an IT outage after Microsoft reported problems with its online services. American Airlines, Delta Airlines, and United Airlines are among the airlines that have issued ground stops for their aircraft due to communication issues, Reuters reported. A spokesperson for Singapore's Changi Airport told BI: "Due to a global outage affecting IT systems of many organizations, the check-in process for some airlines at Changi Airport is being managed manually." On Thursday night, Frontier Airlines issued a ground stop order, saying in a statement: "flight operations are currently being impacted by a major Microsoft technical outage." AdvertisementThe Austin-headquartered tech giant, which specializes in security for cloud computing platforms, confirmed with CNBC on Friday morning that it was receiving outage reports.

Persons: —, Dan Coatsworth, AJ Bell, CrowdStrike, Omer Grossman, CyberArk, Grossman Organizations: Service, Microsoft, American Airlines, Delta Airlines, United Airlines, Reuters, London Stock, Business, BI, —, Local, Changi, Changi Airport, Melbourne Airport, Sydney Airport, Rajiv Gandhi, Edinburgh Airport, Berlin Airport, Ryanair, Europe's, Frontier Airlines, CNBC, Windows Locations: Singapore, Changi, Australia, Delhi, India, Germany

☆ The Chinese yuan has helped fund Russia's trade and war machine — but those days may be numbered
▼ + stars: | 2024-07-18 | by ( Huileng Tan | ) www.businessinsider.com time to read: +1 min

The Chinese yuan has become a key currency for Russia's trade settlement. But tightened US sanctions are freezing and delaying yuan payments, Bloomberg reports. AdvertisementWestern sanctions have shut Russia out of the dollar-dominant global financial order, but the country has managed to keep its wartime economy humming thanks to the Chinese yuan. But even this line of trade looks like it's starting to get shut down, Bloomberg reported on Wednesday. Several unnamed major Russian commodity exporters told Bloomberg that trade with China has become increasingly difficult as even direct payments made in the yuan are getting frozen or delayed.

Persons: — Organizations: Bloomberg, Service, Business Locations: Russia, China

☆ Mark Cuban says Silicon Valley's bet on Trump is a 'Bitcoin play'
▼ + stars: | 2024-07-18 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Mark Cuban says Silicon Valley's support Trump could be a bet on higher Bitcoin prices. The tax cuts, tariffs and uncertainty that comes with a Trump win will push prices, Cuban said. AdvertisementMark Cuban says he has a "contrary opinion" on why Silicon Valley's tech titans have decided to back former President Donald Trump. Cuban explained that the outpouring of support wasn't so much because they saw Trump as a "far stronger proponent of crypto." This story is available exclusively to Business Insider subscribers.

Persons: Elon Musk, Marc Andreessen, Donald Trump's, Mark Cuban, Trump, —, Donald Trump, Cuban Organizations: Trump, Service, SEC, Business

☆ The 'Trump trade' is winding down, and the Fed's rate plans are back in focus
▼ + stars: | 2024-07-18 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Read previewBarely a week after the failed assassination of former US President Donald Trump, investors are already moving on from the "Trump trade." The "Trump trade" refers to investor strategies that reflect the market consequences of a second Trump presidency. Schumacher said the "Trump trade" has run its course and is "about done for now." Focus on Fed interest rate decisionTo be sure, a second Trump presidency — including his administration's trade and tariff policies — would have important implications for the macroeconomy and markets, say most analysts. On Wednesday, Fed Governor Christopher Waller indicated that the central bank would cut "in the not-too-distant future."

Persons: —, Donald Trump, Trump, Michael Schumacher, Schumacher, Vishnu Varathan, Mizuho Bank's, Jerome Powell, Christopher Waller Organizations: Service, Trump, Business, Federal Reserve, US Treasury, Bloomberg, Wells, Wells Fargo Securities, Fed, Swiss, UBS Locations: Wells Fargo, Asia, Japan

View at AmazonThere are even more options for Prime Day Apple Watches, and Prime Day iPads still available in our other guides. For an extensive breakdown divided up by size, see our full roundup of Prime Day TV deals. View at AmazonThere are even more sleep deals where those came from — check out our roundups of the best Prime Day mattress deals and Prime Day pillow deals. Do I need to be an Amazon Prime member to buy Prime Day deals? Amazon Prime Day deals are comparable to Black Friday and Cyber Monday, with the main difference being that Amazon is the only participating retailer.

Persons: Siri, They're, you’ll, Jonathan Adler, it's, dehumidifier, vacs, Fryer, Foodi, Fry, fryer, MagSafe, Kate Spade, they're, Bose Smart, Ray Soundbar, Ray, Anker, Amazon Nathan James Hugo Wood Nightstand, Nathan James, Inaba, waddle, Dyson, ”, Gabrielle Chase, “, we've, haven't Organizations: Business, Amazon, Apple, Amazon Apple, Apple Health, Amazon LG, Amazon Samsung, Sony WH, Sony, Amazon Sony WH, Amazon Anker, Amazon Bose, Amazon Beats, Samsung, Clarks, Casper, Pillow, Morris, Morris & Co, Toshiba, LG, Dell, Galaxy, Alexa, Amazon Alexa, Hatch, Amazon Belkin, Apple Watch, Nintendo, Nova, Nova Pro, Logitech, Lightspeed, Mac, lounging, Amazon Canada, packers, Amazon Fisher, Prime, Chatelet Air, Dyson, Amazon Philips, Philips, Amazon Prime, Deal Locations: PopSockets, York

The IHG Premier Credit Card and IHG Premier Business Credit Card both offer a free night annually. Introduction to the IHG Free Night CertificateOverview of the IHG Rewards ProgramIf you stay with IHG hotels, even occasionally, the IHG One Rewards Premier Credit Card and IHG One Rewards Premier Business Credit Card are worth considering. How the Free Night Certificate WorksEach year on your IHG One Rewards Premier Credit Card or IHG One Rewards Premier Business Credit Card anniversary, you'll receive a free night certificate valid at IHG hotels that cost up to 40,000 points per night. Redeeming Your IHG Free Night CertificateHow to RedeemTo book your reward night, select your free night certificate and search for available hotels as you normally would. Can I use my IHG Free Night Certificate at any IHG hotel?

Persons: you'll, De, they'll, Alma, Fido Organizations: Credit, Premier Business Credit Card, Business, Card, Business Credit, United Travel Bank, TSA, Resorts, Amsterdam De, IHG, InterContinental, Alma San Diego, Holiday Inn, Holiday, Desert Club, Miami Beach Families, Art Deco District Locations: Bali, Amsterdam, Netherlands, De Witt, Europe, Amsterdam De Witt, InterContinental Bali, Fairmont, InterContinental Bali Sanur, Diego, Palomar, San Diego's, Vegas, Las Vegas, Miami, Miami Beach

☆ Asia is preparing for a rogue US if Trump and Vance win the election, security and foreign policy experts say
▼ + stars: | 2024-07-18 | by ( Matthew Loh | Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Read previewFormer President Donald Trump upended the election tradition of "balancing the ticket" when he picked Ohio Sen. JD Vance as his running mate. Vance, a former Trump critic turned MAGA stalwart, has voiced foreign policy views in lockstep with Trump. "I think Trump's tenure has shown that fears of abandonment or ignorance of politics in Asia are overblown," he said. US-China relations won't change much, whether it's Trump or Biden at the wheelEven though Trump started the US-China trade war, experts say that China won't be too bothered if he returns to the White House. AdvertisementFor one, the Biden administration has kept most of Trump's China tariffs in place.

Persons: —, Donald Trump upended, Ohio Sen, JD Vance, MAGA, Asia that's, Vance, Trump, Dylan Loh, Loh, Chong Ja Ian, It's, it's Trump, Biden, NTU's Loh, Joe Biden hasn't, Kevin Chen, Mr Trump, Chen Organizations: Service, Trump, Business, Pacific, Asia, Nanyang Technological University, NTU, National University of Singapore, NATO, Democrat, Republican, NTU's, Rajaratnam, of International Studies Locations: Asia, lockstep, China, Ukraine, Europe, Japan, South Korea, Taiwan, Philippines, South China, France, Beijing, Pacific

☆ Will the rally in small-cap stocks last? Investors share their take — and their picks
▼ + stars: | 2024-07-18 | by ( Weizhen Tan | ) www.cnbc.com time to read: +5 min

Investors are flocking to small-cap stocks right now, driving this segment of the market to new highs this week. He also noted that the Russell 2000 is outperforming the S & P 500 by the widest margin since November 2021. But according to him, one group of small-cap stocks could do well if rates were to stay higher for longer: regional banks. However, Turnquist cautioned that small-cap growth stocks would find the outlook tougher than small-cap value stocks, as they are more sensitive to economic health. How to play small-caps Investors who have been making a play for small-caps include billionaire Stanley Druckenmiller , who revealed a big bullish position in small-cap stocks last quarter.

Persons: Russell, Adam Turnquist, Turnquist, we've, There's, Trump, Kelvin Wong, Donald Trump, Wong, Stanley Druckenmiller, FactSet, David Dietze, Dietze, Jay Hatfield, Kilroy, Jefferies, Hatfield, —, Yun Li Organizations: CNBC, LPL, U.S . Federal, Federal Reserve, Citi, Wealth Management, CNBC Pro, Corp, Jefferies Locations: U.S, America

☆ Trump is considering giving Jamie Dimon, who he once called a 'highly overrated globalist,' a prime Cabinet position
▼ + stars: | 2024-07-17 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Donald Trump says Jamie Dimon "is somebody that I would consider" as Treasury Secretary. Trump told Bloomberg Businessweek he has "a lot of respect" for the JPMorgan CEO. Trump previously called Dimon a "highly overrated globalist" for supporting his GOP rival, Nikki Haley. AdvertisementIt looks like Jamie Dimon could have a spot on former President Donald Trump's Cabinet if the GOP nominee wins this November. "I have a lot of respect for Jamie Dimon," Trump told the outlet.

Persons: Donald Trump, Jamie Dimon, Trump, Nikki Haley, —, Donald Trump's, Dimon Organizations: Bloomberg Businessweek, JPMorgan, GOP, Service

☆ Morgan Stanley hikes price targets for Asian stocks it says will benefit from greater iPhone demand
▼ + stars: | 2024-07-17 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

Increased shipments of Apple's iPhones will be a key "volume driver" for the supply chain, according to Morgan Stanley. But the situation is set to change, with Apple Intelligence predicted to be a "key iPhone replacement driver." It raised its price targets for several stocks in the Apple supply chain. Largan reported first-quarter revenue that was below expectations but Morgan Stanley believes that was the trough. Morgan Stanley said Genius has a "good chance" of making a breakthrough in the periscope high-end lens segment in the second half of this year.

Persons: Morgan Stanley, Hon Hai, Hai, Luxshare's, Max, Morgan, Largan, Genius, CNBC's Michael Bloom Organizations: Apple Intelligence, Apple, Max, AAC Locations: Asia, Taiwan, India, Zhengzhou, China

☆ Trump is furious Taiwan's chip business is doing so well
▼ + stars: | 2024-07-17 | by ( Huileng Tan | ) www.businessinsider.com time to read: +1 min

Trump told Bloomberg Businessweek that Taiwan has taken away the US's chip-manufacturing business. Trump wants Taiwan, which China claims as its territory, to pay the US for protection. Trump, the Republican presidential nominee, told Bloomberg Businessweek that Taiwan's dominance in the chip industry made the island rich. "Taiwan took our chip business from us," he said to Businessweek in an interview before the failed assassination attempt on Saturday. They took all of our chip business.

Persons: Trump, —, Donald Trump Organizations: Bloomberg Businessweek, Trump, Service, Republican, Businessweek Locations: Taiwan, China

Prime Day TV dealsThis Prime Day, we're seeing some of the biggest price drops of the year on top TV models from our favorite brands. Prime Day laptop dealsLaptops go on sale year-round, but Prime Day is traditionally the best time of year to make a purchase. Prime Day mattress dealsMattresses go on sale several times a year, but few sales offer as lucrative mattress discounts as Prime Day. Prime Day Amazon device dealsDuring Prime Day, many of the best Amazon devices see their lowest prices ever. Prime Day travel dealsSummer travel is underway, and so are the best Prime Day deals on luggage and backpacks.

Persons: We've, AirPods, we've, Siri, Samsung's, They're, you’ll, He's, Jonathan Adler, it's, dehumidifier, Dyson, vacs, Crisp, we're, Fryer, Foodi, Fry, fryer, they're, Bose Smart, Ray Soundbar, Ray, Anker, You'll, iPhones, MagSafe, Kate Spade, scoped, Amazon Nathan James Hugo Wood Nightstand, Nathan James, waddle, Inaba, haircare, ”, Gabrielle Chase, “, haven't Organizations: Business, Apple, Amazon Apple, Apple Health, Amazon, Amazon LG, Amazon Samsung, Sony WH, Sony, Amazon Sony WH, Amazon Anker, Amazon Bose, Amazon Beats, Samsung, Clarks, Casper, Pillow, Morris, Morris & Co, Dyson, Upright, Toshiba, FlexBrew, Hamilton, LG, Dell, Alexa, Amazon Alexa, Hatch, Amazon Belkin, Apple Watch, Logitech, Seagate, ASUS, Meta, Nintendo, Nova, Nova Pro, Lightspeed, Mac, Google, Galaxy, lounging, packers, Amazon Fisher, Prime, today's, Chatelet Air, Amazon Canada, Amazon Philips, Philips, Amazon Prime, Deal Locations: November's, PopSockets, York

☆ Queen-size mattresses are selling for as little as $175 in the US, thanks to Chinese overproduction
▼ + stars: | 2024-07-17 | by ( Huileng Tan | ) www.businessinsider.com time to read: +1 min

Chinese mattresses are flooding US markets, driving prices below $175 for a queen size. The US imposed tariffs up to 1,731% on Chinese mattresses in 2019 to curb dumping. But there are suspicions that Chinese exporters are countering the tariffs by rerouting their shipments. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementChina's mattresses are flooding US markets and depressing prices so much that customers can now buy a queen-size product for under $175, The Wall Street Journal reported on Monday.

Persons: — Organizations: Service, Street, Business Locations: China

Learn moreToday is the final day of Amazon Prime Day, so it's time to lock in any Prime Day beauty deals still in your cart before prices go back up after midnight tonight. The scope on prices is wide this year, so here we've curated an affordable array of products to inspire your Prime Day beauty haul. Are Prime Day beauty deals good? A few of our favorite brands hosting some of the best Prime Day beauty deals include Laneige, belif, Sunday Riley, Dyson, and Revlon. Check out our roundup of all of the best Prime Day deals here, or browse Amazon's website for more.

Persons: Sunday Riley, Laneige, Dyson, skincare, Aestura, ”, Gabrielle Chase, “, Elizabeth Arden, Amazon Staff Pick Anastasia Beverly, Anastasia Beverly, haircare, it’s, — doesn’t, We've Organizations: Business, Amazon, Revlon, Amazon Staff, Elizabeth, Amazon St, St, Dyson, Daily Defense, Defense Locations: Tropez, belif

☆ Bank of America calls this chip stock its top AI pick with 'no signs of demand slowing down'
▼ + stars: | 2024-07-16 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Bank of America thinks Broadcom can continue to cash in on the artificial intelligence boom, with the company showing "no signs of slowing down." Broadcom stock has advanced nearly 54% in 2024, as the company emerged as one of the key beneficiaries of the rise of AI outside of Nvidia . A 10-for-1 stock split it recently announced took effect on Monday. AVGO YTD mountain Broadcom stock. The mix of this customer base will help stoke and maintain future demand, Arya noted.

Persons: Vivek Arya, Arya, Hock Tan, Tan, AVGO Organizations: of America, Broadcom, Nvidia, Google, stoke

☆ Putin wants to strengthen a big challenger to Western dominance
▼ + stars: | 2024-07-16 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

The group is known as BRICS for original members Brazil, Russia, India, China, and South Africa, which collectively form the bloc's acronym. A parliamentary structure would formalize the group even further. AdvertisementA larger and more structured BRICS bloc could have more bargaining power and create an alternative to the West-led global order. Indian Prime Minister Narendra Modi visited Russia recently, even though New Delhi is in a strategic partnership with the US. But the BRICS group should not be counted out, wrote as Ian Bremmer, the president of the Eurasia Group, in a report earlier this month.

Persons: —, Vladimir Putin, BRICS, Putin, Rich Lesser, Sergey Lavrov, Narendra Modi, Modi, Ian Bremmer Organizations: Service, United, United Arab Emirates, Business, New Development Bank, Putin, Kremlin, Boston Consulting, UAE —, Russian, Indian, Eurasia Group Locations: West, Brazil, Russia, India, China, South Africa, Saudi Arabia, Iran, Ethiopia, Egypt, Argentina, United Arab, Shanghai, St Petersburg, Thailand, Malaysia, UAE, New Delhi

☆ A trainer-heiress power couple created the fitness juggernaut Pvolve. Then came a divorce, an arrest, and Jennifer Aniston.
▼ + stars: | 2024-07-16 | by ( Kate Taylor | ) www.businessinsider.com time to read: +43 min

Around the dinner table in the early 2000s, David Katzman would quiz his kids about their dream startups. ModelFit employees told BI that Gelband used the Pelvicore Pro only with the permission of its creator, the physical therapist Christina Christie. Once, in October 2018, David Katzman met with Facebook's ad team to discuss SDC's before-and-after advertisements, which violated the tech company's policies. SDC employees worked on Pvolve marketing campaigns, and Pvolve employees took trips on David Katzman's jet. "He didn't come from anything, and he spent years and years building up the business," the person close to Pasterino told BI.

Persons: Stephen Pasterino, Pasterino, he'd, hadn't, Rachel Katzman, who'd, Katzman, Pvolve, Jennifer Aniston, David Katzman, bankrolled, —, Laura Quintana, Stephen, Erik Connolly, Connolly, John Mayer, Nietzsche, Dan Gilbert, David, Gilbert, Usher, Jordan, decanting, Justin Gelband, ModelFit, Taylor Swift, Gelband, Vanessa Packer, Bryan Bedder, we'll, didn't, Woody Allen's, Vera Wang, Katzman's, I've, Cynthia Hannah, Blanca Padilla, Pasterino's, Justin Gelband's, Tracy Anderson's, cofounders, Packer, Christina Christie, Christie, Jordan Katzman, David Katzman's, Camelot, Julie Cartwright, Pvolve's, Cartwright, Hannah Bronfman, Nadine Leopold, Tim P, Pvolve didn't, Quintana, Rachel, SmileDirectClub, Jamie Dimon, Olivia Culpo, Craig Barritt, Bethenny Frankel, Madelaine Petsch, Lola tampons, They'd, Mara, ThreeForm, loaning, Hannah, Christie Brinkley, Monica Schipper, she'd, Rebecca Minkoff, Lindsay Pinchuk, Pamela, couldn't, Kathryn Delacruz, Madison Krause, Krause, Delacruz, " Krause, Pvolve's attorney's, Aniston's, Aniston, Jennifer, Jennifer Aniston's, Connelly, SDC's cofounders, — Pasterino, ThreeForm hasn't, Sarah VanZalen, there's, Erewhon, WWD, Tim Michaels, franchisors, Michaels, they've, Aperol Organizations: SoHo, Pvolve, Los Angeles ., Depot, DeeKay Enterprises, Quicken Loans, Cleveland Cavaliers, Camelot Venture Group, New, ModelFit, GQ, Getty, Hamptons, Beverly Hills Hotel, Cosmopolitan, BI, Gray Institute, SDC, Camelot, Lionsgate, Facebook, Whitby, Ventures, . Press, Miss, Employees, Naboisho Conservancy, Katzman's, Southampton, Pvolve Facebook, LinkedIn, Health, Forbes, Workers, Industry Locations: Pvolve, New York, Chicago, Los Angeles, Hammonton , New Jersey, Atlantic City, Jersey Shore, Franklin , Michigan, Michigan, Detroit, Las Vegas, Beverly, SoHo, Ibiza, France, Paris, Vogue, California, ModelFit, Covent, London, Riverdale, New Jersey, Pasterino, Italy, Kenya, Naboisho, Nashville, San Diego, New York City, shuttering, Ann Arbor , Michigan, ThreeForm, Angeles, Malibu

☆ Nancy Pelosi has been working behind the scenes to plot Biden's ouster: Politico
▼ + stars: | 2024-07-16 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Politico's Jonathan Martin wrote on Monday, citing people familiar with the matter, that Pelosi is "convinced Biden will lose." Last week, Pelosi was seen openly talking to House Minority Leader Hakeem Jeffries in the House Democratic cloakroom, Martin reported, citing a Pelosi colleague who saw the exchange. Notably, Jeffries' letter did not say whether the House Democratic Caucus wanted Biden to step aside or stay the course. "Speaker Pelosi fully supports whatever President Biden decides to do. Representatives for Pelosi and Biden didn't immediately respond to requests for comment from Business Insider sent outside regular business hours.

Persons: —, Nancy Pelosi, Joe Biden doesn't, Politico's Jonathan Martin, Pelosi, Biden, She's, Martin, Hakeem Jeffries, Democratic cloakroom, Jeffries, “, bvl5MYTnSO —, Democratic Party shouldn't, Joe, @SpeakerPelosi, @Morning_Joe, Donald Trump, Ian Krager, Lester Holt, I've, I'm, Biden didn't Organizations: Service, CNN, Business, Democratic, House Democratic Caucus, House Democrats, bvl5MYTnSO — MSNBC, Democratic Party, Politico, Washington, Democrats, Trump, NBC News, Business Insider

☆ Meet the woman who helped boost JD Vance from Ohio obscurity to 'Hillbilly Elegy' superstardom
▼ + stars: | 2024-07-16 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +7 min

Read previewSen. JD Vance of Ohio has come a long way since graduating from Yale Law School in 2013. AdvertisementThe Marine veteran enrolled at Yale Law School in 2010 after graduating from Ohio State University. In his 2016 memoir "Hillbilly Elegy," Vance likened his year at the Ivy League institution to attending a kind of "nerd Hollywood." Vance's bestselling memoir "Hillbilly Elegy" wouldn't have existed without Chua's helpJD Vance released his memoir "Hillbilly Elegy" in 2016. In the "Acknowledgments" section of "Hillbilly Elegy," Vance thanked both Bennett and Chua for their support.

Persons: —, Sen, JD Vance, Donald Trump, JD, Trump, Vance, Peter Thiel, Thiel, Amy Chua, Chua, Chua's, Amy Chua's, Bill Tompkins, Tina Bennett, Bennett, Tina, Tom Brokaw, Chua JD Vance, Usha Chilukuri, Anna Moneymaker, he'd, Usha, Chilukuri, America's Hitler, I'm, Trump's, J.D, @JDVance1, Brett Kavanaugh, Edward Luce Organizations: Service, Yale Law School, America, Business, Ohio State University, Ivy League, Yale, Harvard, Duke Law School, Getty, Trump, Supreme, Financial Times Locations: Ohio, United States of America

☆ Cathie Wood says she wouldn't have sold Nvidia stake 'had we known that the market was going to reward it'
▼ + stars: | 2024-07-15 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Ark Invest's Cathie Wood says she wouldn't have sold her Nvidia stock if she knew it was going up. She previously called Nvidia a "check the box stock" with too much "hyperactivity." Nvidia's stock has gained 172% this year, and it briefly became the most valuable company in June. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementHindsight is 20/20 for Ark Invest's Cathie Wood, whose fund missed out on the Nvidia stock rally when it sold its position too early.

Persons: Wood, — Organizations: Nvidia, Service Locations: ARKK

☆ The Kremlin is pushing a MAGA talking point that Biden's administration is to blame for the Trump assassination attempt
▼ + stars: | 2024-07-15 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +5 min

Read previewThe attempted assassination of former President Donald Trump was indirectly caused by President Joe Biden and his administration, a Kremlin spokesperson said on Sunday. Related stories"The central premise of the Biden campaign is that President Donald Trump is an authoritarian fascist who must be stopped at all costs. That rhetoric led directly to President Trump's attempted assassination," Vance, a potential Trump vice presidential pick, said in an X post on Saturday. The central premise of the Biden campaign is that President Donald Trump is an authoritarian fascist who must be stopped at all costs. Trump's eldest son, Donald Trump Jr., also ripped the Democratic Party and accused them of inciting tensions before Saturday's assassination attempt.

Persons: —, Donald Trump, Joe Biden, Trump, Dmitry Peskov, Thomas Matthew Crooks, Peskov, Sen, JD Vance, Ohio, Josh Hawley, Mike Collins of Georgia, Biden, Saturday's, Trump's, Vance, — J.D, @JDVance1, Hawley, Collins, — Mike Collins, Joseph R, Donald Trump Jr, Kamala, zHNX8HuD1A — Donald Trump Jr, Putin, didn't Organizations: Service, Kremlin, Business, Secret Service, Trump acolytes, Trump, Republican, Democratic Party, Biden, St ., Economic, Business Insider Locations: Pennsylvania, Manhattan, Josh Hawley of Missouri, Afghanistan, America, Butler County , PA, Russia, St, St . Petersburg

☆ Trump told his former White House doctor he would have been shot 'right in the head' if he hadn't turned to look at an immigration statistics chart
▼ + stars: | 2024-07-15 | by ( Kwan Wei Kevin Tan | Tom Porter | ) www.businessinsider.com time to read: +1 min

Trying to get a better look at an immigration statistics chart might have saved Donald Trump's life. Trump told an ally that if he hadn't tilted his head, he might have been shot, per The New York Times. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFormer President Donald Trump might have lost his life on Saturday if he hadn't tilted his head to look at an immigration statistics chart.

Persons: Donald Trump's, Trump, —, Donald Trump Organizations: New York Times, Service, Secret Service, Business Locations: Pennsylvania

☆ Morgan Stanley names its 'highest conviction' stock picks for Europe, giving 4 more than 30% upside
▼ + stars: | 2024-07-15 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Morgan Stanley says it's time for stock-picking in Europe as earnings season and rate cuts are imminent. Stock-level dispersion refers to the range of returns for stocks, while market breadth tracks the number of stocks going up relative to those declining. It named its top picks for Europe, which are its analysts' "highest conviction ideas" within the universe of stocks that they cover. Morgan Stanley called Commerzbank "one of the best yield payers in the sector," and is strongly profitable. "Repsol's financial framework also remains solid, where there is both ability and willingness for high distributions and dividend growth," Morgan Stanley analysts wrote.

Persons: Morgan Stanley, — CNBC's Michael Bloom Organizations: Europe, Merck, Electronics Locations: Europe

☆ Sam Altman says, post-Trump assassination attempt, that he's 'thinking a lot about what a difference an inch can make to history'
▼ + stars: | 2024-07-15 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

OpenAI CEO Sam Altman made a call for unity following the failed assassination of Donald Trump. The tech billionaire said the nation needs to "turn down the rhetoric and find slightly more unity." "I am happy to see most Democrats having the grace to step up and lead on this point," Altman said. AdvertisementThe failed assassination attempt on former President Donald Trump has left OpenAI CEO Sam Altman with a lot to think about. "Thinking a lot about what a difference an inch can make to history," Altman wrote in an X post on Sunday.

Persons: Sam Altman, Donald Trump, Altman, — Organizations: Service

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