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☆ 13 sports startups poised to shake up the industry, according to VCs and other top investors
▼ + stars: | 2024-07-29 | by ( Ashley Rodriguez | Tiara White | ) www.businessinsider.com time to read: +2 min

Bandit is an apparel brand that's tapping into running communities around the worldBandit was cofounded by Tim West, Ardith Singh, and Nick West. Investors include Marc Lore and Alex Rodriguez's VCP Ventures, Bullish, Drive by DraftKings, Joyance Partners, Scrum Ventures, and 458 Capital. Bandit is helping drive this trend and is poised to benefit from it. Founded in 2021 by CEO Nick West, creative director Tim West, and chief design officer Ardith Singh, the company has been tapping into running communities in the US and around the world. It's grown distribution to include two stores in New York, an online shop, and partnerships with specialty retailers globally.

Persons: Tim West, Ardith Singh, Nick West, Joseph Hale, Marc Lore, Alex Rodriguez's VCP, Meredith McPherron, McPherron, Michael Proman Organizations: Investors, Alex Rodriguez's VCP Ventures, Joyance Partners, Scrum Ventures Locations: New York

☆ How to see a double meteor shower on Tuesday night with a chance of fireballs
▼ + stars: | 2024-07-29 | by ( Jessica Orwig | ) www.businessinsider.com time to read: +5 min

Where to see this week's double meteor shower in the USMeteors are named after the constellations they appear to radiate from. A double meteor shower worth checking outNick Moskovitz took this composite image of the Perseids meteor shower in 2023. But together, the double meteor shower offers a better chance to see two very different types of meteors on the same night. In the case of this double meteor shower, "the thing that's a little bit unusual here is that there happened to be two streams in space that are so close to one another that we see them as sort of a double meteor shower. AdvertisementAs far as meteor showers go, this double event happening tomorrow evening is one of the better ones to enjoy.

Persons: —, Nick Moskovitz, Moskovitz Organizations: Service, Southern Delta, Alpha, Lowell Observatory, Business, US Meteors, Allexxandar, Southern, Global Meteor Network Locations: Southern, Arizona, Northern

The busiest week of earnings season has arrived, with about 160 of the S & P 500 companies set to report, and some stocks could see major moves on the back of those releases. The S & P 500 and Nasdaq Composite fell last week as investors rotated out of technology sector winners in favor of beaten-down small-cap names. With this in mind, CNBC Pro screened FactSet data to find stocks that could see big moves on the back of their earnings reports. To be exact, 55 of the 63 analysts covering it have a buy or strong buy rating. While Meta is down more than 6% over the past month, shares are up more than 33% in 2024.

Persons: Donald Trump's, Trump, that's Zuckerberg, Carvana, Rajat Gupta, Wolfe, Shweta Khajuria Organizations: Wall, Nasdaq, CNBC Pro, Bloomberg, Hertz, Meta, Wolfe Research

☆ How bombing Gaza to rubble created headaches and a tough fight for invading Israeli tanks and troops
▼ + stars: | 2024-07-29 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

The IDF launched a devastating and widespread bombing campaign of Gaza immediately following Hamas' October 7 massacre in Israel, during which some 1,200 people were killed. Palestinians cycle past destroyed buildings leveled as a result of Israeli bombardment in northern Gaza in July 2024. One of the issues that arose was that Israeli tank drivers had a hard time figuring out the depth of a crater left by an explosion while using night vision. To make matters worse, the IDF has suffered from tank shortages during its monthlong campaign in Gaza. The destruction in Gaza also turned the battlespace into an "irregular, congested, and complex visual environment," the RUSI conflict analysts said.

Persons: —, OMAR AL, Jack Watling, Nick Reynolds, rubblization, Ohad Organizations: Service, Israel Defense Forces, Royal United Services Institute, Business, IDF, Hamas, Getty, REUTERS Former US, rubblization Locations: Gaza, Israel, AFP, Israeli

☆ These drugmakers are catching up to Eli Lilly and Novo Nordisk in weight loss treatments
▼ + stars: | 2024-07-28 | by ( Christina Cheddar Berk | In | ) www.cnbc.com time to read: +6 min

With billions at stake, that's pretty much been a guarantee facing the current market leaders, Eli Lilly and Novo Nordisk , from the start. Their updates are likely to be joined by others in the coming months even as today's incumbents develop their own next-generation weight loss treatments. Other analysts have also grown more optimistic about the future of weight loss treatments. Orforglipron, a once-a-day oral GLP-1 drug that Lilly is working on, had shown a 3% weight loss at 4 weeks. The company is also exploring whether the weight loss treatment could be given only once a month.

Persons: Eli Lilly, drugmakers Roche, Lilly, Denmark's, Trung Huynh, Huynh, Rajesh Kumar, Kumar, Novo, Roche, Roche ADRs, Justin Zelin, Zelin, Viking's, HSBC's Kumar, Novo aren't, —, Nick Wells Organizations: Novo Nordisk, Viking Therapeutics, UBS, HSBC Global Research, Carmot Therapeutics, Food and Drug Administration, Viking, European Association for, Diabetes, Pfizer, Amgen, Therapeutics Locations: Swiss, Novo, San Antonio, Spain

☆ Jill Biden, Jessica Chastain and Nick Jonas Toast Team U.S.A. in Paris
▼ + stars: | 2024-07-28 | by ( Alyson Krueger | ) www.nytimes.com time to read: 1 min

Just after 10 p.m. on Saturday night, on the first weekend of the Paris Olympics, Jill Biden walked through the wood doors of Ralph’s Restaurant Paris, past a towering display of red, white and blue flowers, and picked up two glasses of champagne from a silver tray. Ralph Lauren, the brand that owns the restaurant in the city’s Sixth Arrondissement and is a longtime outfitter of the U.S. Olympic and Paralympic teams, hosted the party to celebrate the U.S. team. The bash — along with the Games — was a chance for the brand to show off its Olympic collections. The marketing potential of the Olympics is “as if you have three Super Bowls a day for 17 days,” said David Lauren, the brand’s chief innovation and branding officer.

Persons: Jill Biden, Ralph Lauren, ”, David Lauren Organizations: Paris Olympics, U.S, Olympic, Paralympic, U.S ., Games

☆ The Amiable Attack Dog From Kentucky Who Could Join the Harris Ticket
▼ + stars: | 2024-07-27 | by ( Nick Corasaniti | ) www.nytimes.com time to read: +1 min

A political scion with the most famous last name in Kentucky Democratic politics, Andy Beshear, the affable, aw-shucks governor, is best known around the state for showing up. He met with families and held daily briefings after tornadoes tore through western Kentucky and flooding drowned eastern parts of the state. This boundless public schedule helps explain why Mr. Beshear is one of the rarest politicians in the country: a two-term Democratic governor in a deeply red, and deeply rural, state. Now Mr. Beshear is squarely in the mix of potential running mates for Vice President Kamala Harris, who is considering several white, male Democrats who have proven their ability to attract moderate voters. He has said he received one of the first calls she made after President Biden dropped out.

Persons: Andy Beshear, Andy, Beshear, tantalizing, Kamala Harris, Biden Organizations: Kentucky Democratic, Democratic, Democrats Locations: Kentucky

☆ Some millennials are moving into neighborhoods with built-in golf and yoga that let them live like carefree retirees
▼ + stars: | 2024-07-27 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +8 min

The 13th hole on the Jack Nicklaus Signature Golf Course at Juniper Preserve. The golf course and clubhouse at Hualalai Resort in Hawaii. For Chelsea, a golf course community's "selling point" was simply the ability to enjoy nature. "I could go either way on living on a golf course — it didn't really matter to me," she added. "But the idea that when the golf course is closed, then you have this great big space between you and your neighbors.

Persons: —, Zers, lockdowns, Brandon, Chelsea Lehmann, Jack Nicklaus —, Jack Nicklaus, they're, Brandon Lehmann, Chelsea, Keith Poliakoff, Poliakoff, Kevin McDonald, Xer, Kristie, Kevin, they've, Nick Pantuliano, Pete, Pantuliano, it's Organizations: Service, Business, Juniper Reserve, Chelsea, Government, Group, Golf Foundation, PTM Partners, Juniper Locations: Bend , Oregon, Portland, Juniper, Bend, Brandon, Chelsea, Oregon, Florida, Hawaii, Toronto, Real, St, Petersburg , Florida, St . Petersburg

One of the most shorted names in the market this week includes downbeat auto stock Vinfast Auto . Short selling is a high-risk strategy used by investors to speculate on a potential decline in a stock's price. VinFast's short interest as a percent of float jumped 26% to 4.5 million shares, or nearly 40% of float. Short interest in health-care company Cassava Sciences jumped 23% to 16.1 million shares, or about 36% of float. Short interest in the social media platform and meme stock darling fell 16%, to just 23% of float.

Persons: Kohl's Organizations: CNBC, Nasdaq, York Stock Exchange, Sciences Locations: North Carolina, Kohl's

☆ Growth stocks are plenty. Veteran growth investor shares how he picks ones that can double their earnings
▼ + stars: | 2024-07-26 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

Some growth stocks, such as major tech companies, had a mostly good run since the start of 2023, but their performance has been unequal. How does he identify the winners among the huge universe of growth stocks out there? Griffin, who manages the Munro Concentrated Global Growth Fund and the Munro Global Growth Small and Mid Cap Fund, says he focuses on structural earnings growth. There are six qualities that make a "great" growth company which can double their earnings, according to Griffin and Moore. These are the top 10 holdings of the Munro Global Growth fund.

Persons: Nick Griffin, Munro, we'd, Griffin, Kieran Moore, Moore, TSMC Organizations: Munro Partners, CNBC, Fund, Stock

☆ Expect volatility ahead until mega cap tech rebalances, says Data Trek's Nick Colas
▼ + stars: | 2024-07-26 | 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 EmailExpect volatility ahead until mega cap tech rebalances, says Data Trek's Nick ColasNick Colas, Data Trek Research co-founder, joins 'Closing Bell' to discuss stocks, the recent pullback and his market outlook.

Persons: Nick Colas Nick Colas Organizations: Trek Research

☆ Video: ISIS targets teenagers as it tries to rebuild its ranks
▼ + stars: | 2024-07-25 | by ( Nick Paton Walsh | ) edition.cnn.com time to read: 1 min

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Neumann noted the latest Europol data showed “the number of attacks and planned attacks has more than quadrupled” since 2022. The apparent uptick in the recruitment of young radicals to carry out acts of terror comes as European security officials express worries at a potential resurgence of organized – or “directed” - terror attacks. The group has built a remarkable presence in Turkey over the past three years, according to court documents and analysts. Swiss police in March arrested a 15-year-old Swiss boy and a 16-year-old Italian boy for ISIS support and plotting bomb attacks, according to a police statement. Yulia Morozova/ReutersThe extent of ISIS-K’s use of Turkey as a transit hub is acknowledged by officials in the Turkish indictment.

Persons: Peter Neumann, Neumann, ”, ” Neumann, “, Lise Jaulin, Dilara Senkaya, “ Rustam, Rustam, Yulia Morozova Organizations: CNN, ISIS, Paris Olympics, King’s College London, MIT, Swiss, Analysts, Soviet Union, Turkish, Italian Santa Maria Catholic Church, Foreign Operations, Hall, Foreign Locations: Europe, West, Paris, Islamic, Khorasan, Central Asia, Turkey, Saint, French, France, Haute, Savoie, Dusseldorf, Heidelberg, Montenegro, Austria, Afghanistan, Tajikistan, Moscow, Italian, Istanbul, Swedish, Pakistan, Tajik, Iran, Russia, Crocus, Syria, Iraq

☆ Everyone hated Hugh Jackman's first solo Wolverine movie in 2009. Now critics say 'Deadpool & Wolverine' could save the Marvel Cinematic universe.
▼ + stars: | 2024-07-24 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +3 min

Read previewFans and critics alike hated "X-Men Origins: Wolverine" starring Hugh Jackman when it hit theaters back in 2009. Now, the first reviews for "Deadpool & Wolverine" suggest that the highly anticipated sequel could save the Marvel Cinematic Universe after several middling releases. AdvertisementIt's a far cry from the reaction to "X-Men Origins: Wolverine," which has a 38% rating on Rotten Tomatoes. But the hugely positive reception to "Deadpool & Wolverine" shows just how far both characters have come since "Origins." Fans will be pleased to know that critics are impressed with the story in the 2024 film, its violence, and crowd-pleasing cameos.

Persons: —, Hugh Jackman, Ryan Reynolds, Reynolds, Dexerto's Cameron Frew, Nick Schager, Tom Jorgensen, Wade Wilson's, Magazine's Olly Richards, Kate Walsh, Robbie Collin Organizations: Service, Marvel, Business, Rotten, Los Angeles Times

☆ Job seekers are sour on the cooling labor market
▼ + stars: | 2024-07-24 | by ( Greg Iacurci | ) www.cnbc.com time to read: +1 min

Nitat Termmee | Moment | Getty ImagesWorkers are souring on the state of the job market. Workers had reason for euphoria two to three years ago: The job market was red-hot and, by many metrics, historically strong. However, the labor market has slowed gradually. Workers are now having a harder time finding jobs and the labor market, while still solid, could be in trouble if it continues to cool, economists said. While that rate is "consistent with a strong labor market," its steady rise is the "troubling factor," Nick Bunker, economic research director for North America at the Indeed Hiring Lab, wrote in early July.

Persons: Nitat, Nick Bunker, Bunker Organizations: Getty Images Workers, Workers, U.S . Federal Reserve, North America

☆ Buy and hold these 5 attractively valued growth stocks for the next decade, the pros say
▼ + stars: | 2024-07-24 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

Growth stocks have been rallying for most of this year, though they've been volatile recently. Investors rotated out of mega-cap tech stocks for smaller names last week, as expectations of rate cuts in September grow. But overall, growth stocks have still gained this year, with the large-cap Vanguard Russell 1000 Growth ETF still up nearly 20% this year. What are some of such stocks that are still attractively valued that investors can buy and hold for the next 10 years? CNBC Pro asked fund managers and other investors who focus on growth stocks for some ideas.

Persons: Russell, Deere, Big Tech Nick Griffin, it's Organizations: CNBC Pro, Carnegie Investment, Deere, Mastercard, Visa, Big Tech, Munro Partners, Microsoft

☆ Trump Tries to Flip the Script on Democracy After Biden’s Withdrawal
▼ + stars: | 2024-07-23 | by ( Nick Corasaniti | Jim Rutenberg | ) www.nytimes.com time to read: +1 min

Ever since rioters stormed the Capitol on Jan. 6, 2021, the Democratic Party has sought to claim the mantle of democracy, painting Donald J. Trump and his allies as extremists willing to deny the will of voters to cling to power. Now, after President Biden dropped his re-election bid and Democrats swiftly aligned behind Vice President Kamala Harris as a replacement, Republicans are trying to flip the argument. In a series of statements and social media posts, Republicans have argued that Democrats, by pressuring Mr. Biden to quit, have “disenfranchised” the 14 million people who voted for him in the party primaries. Instead, it is the Republicans’ latest attempt to muddy the waters on an issue that helped Democrats win key races two years ago. Since Mr. Trump’s attempt to overturn his defeat in 2020, which led to the Jan. 6 riot and criminal charges against the former president, Democrats have cast Republicans as a threat to democratic norms.

Persons: Donald J, Trump, Biden, Kamala Harris, Mr, Republicans ’, Trump’s Organizations: Capitol, Democratic Party, Republicans

☆ Industry has 'really struggled' with rising cost of production, British Berry Growers chairman says
▼ + stars: | 2024-07-23 | 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 EmailIndustry has 'really struggled' with rising cost of production, British Berry Growers chairman saysNick Marston, the chairman of British Berry Growers, comments on the increased production and labor costs that berry growers are facing.

Persons: Nick Marston Organizations: Industry, British Berry Growers

☆ Snap-on CEO on the financial vs. manufacturing economies
▼ + stars: | 2024-07-23 | 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 EmailSnap-on CEO on the financial vs. manufacturing economiesNick Pinchuk, CEO of Snap-on, discusses the company's Q2 earnings report and the state of U.S. manufacturing.

Persons: Nick Pinchuk Locations: U.S

☆ Glen Powell confirms that 'Top Gun 3' is in the works after the last movie made almost $1.5 billion. Here's what we know so far.
▼ + stars: | 2024-07-23 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +4 min

Read previewGlen Powell has confirmed that another "Top Gun" sequel is on its way after the unexpected billion-dollar success of "Top Gun: Maverick." Since 2022, there have been talks of another "Top Gun" movie, including reports of a spinoff focusing on Teller's Rooster character. Representatives for Powell, Cruise, and Paramount Pictures did not immediately respond to a comment request from Business Insider. Considering the success of "Top Gun: Maverick," another sequel could be a big win for Paramount, Cruise, and all the stars involved. Cruise, Powell, and Teller would likely return for another 'Top Gun' sequelGlen Powell had his breakout role in "Top Gun: Maverick."

Persons: —, Glen Powell, Tom Cruise, Jerry Bruckheimer, Miles Teller, Powell, Cruise, Teller, Bradley, Bradshaw, Nick, Goose, Anthony Edwards, Pete, Maverick, Mitchell, ScreenRant, Tom, Jake, Ehren Kruger, Kruger, Puck, David Ellison, Joseph Kosinski Organizations: Service, Paramount Pictures, Business, Paramount, Cruise, Entertainment, Variety

Second-quarter earnings season is in full swing, and several high-profile companies could see big moves in their stock prices this week once their results are public. Two other high-profile names in the top five of the list are Spotify and Chipotle Mexican Grill , with implied moves of 9.4% and 8.9%, respectively. There are several other major stocks that could have a big effect on the overall market if their implied moves come true. Of the 50 analysts who cover Tesla, just 22 have buy or strong buy ratings, according to LSEG. Another big name on the list is Google parent Alphabet , which is set to report results on Tuesday.

Persons: Chipotle, LSEG, Tesla Organizations: CNBC, Enphase Energy, Spotify, Tesla

☆ The housing market is close to a rare buying opportunity with prices set to drop in pandemic boom towns, analyst says
▼ + stars: | 2024-07-21 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +6 min

Read previewProspective homebuyers may be better off staying on the sidelines: the housing market is on its way to a rare buying opportunity, with steep home price declines bound for key areas of the real-estate market in the coming years, according to one analyst. That's an additional ingredient on the top, which just makes it more likely that prices fall," Gerli told BI. AdvertisementThe situation in the South's housing market also bears some similarities to previous housing bubbles, Gerli noted. In key boom towns, home prices have shot up 50%-70% since the pandemic, though incomes have only risen 10%-20%, he said, citing municipal data. It'll take a long time for housing to become more affordable overall, given how overvalued the market is, Gerli said.

Persons: —, Nick Gerli, Gerli, Freddie Mac, That's, Southern homebuilders, we've, it's, Redfin, Homebuyers, It's Organizations: Service, Business, National Association of Realtors, Builders Locations: Florida, Southern, Texas

☆ I took my daughters to see Taylor Swift. It was cheaper than a typical family vacation and more fun.
▼ + stars: | 2024-07-21 | by ( Sunshine Flint | ) www.businessinsider.com time to read: +6 min

For us, it was the best family vacation ever. My twin daughters are huge SwiftiesThe Swiftie Era started in our house when our then 11-year-old twin girls came home from two weeks at sleepaway camp last summer, confirmed Taylor Swift fans. Tickets were prohibitively expensive, and we were already planning a family summer vacation in Southern California. I don't know what her magic is, but Taylor Swift is an effortless, tireless performer who emanates an effervescence of her own. We didn't give up a family vacation for a concert; in fact, it was the best decision we could have made for our family this summer.

Persons: Taylor Swift's, Taylor Swift, Taylor, Nick Sonderup, bedecked Organizations: Service, Cardiff, Paddington, Welsh Locations: Cardiff , Wales, Miami, New Orleans, Liverpool, Southern California, Paris, Amsterdam, Madrid, Europe, California, Wales, London, Cardiff, spangles

☆ 26-year-old won the NYC housing lottery, pays $881/month for a 1-bedroom apartment: How the process works
▼ + stars: | 2024-07-20 | by ( Celia Fernandez | ) www.cnbc.com time to read: +10 min

Nahjae Olin won the NYC housing lottery in 2023 and signed a lease on a one-bedroom apartment in the Bronx. She and five of her siblings grew up in a one-bedroom apartment just one block away from the place she now calls home. Molly Stromoski for NYC Department of Housing Preservation & DevelopmentThe New York City housing lottery program helps residents find affordable housing, including rent-stabilized apartments. NYC Housing ConnectThe average ratio for HPD's housing lottery is 50 applications for each available unit. Before winning her housing lottery apartment, Nkenge lived in a small one-bedroom in Harlem.

Persons: Nahjae Olin, Olin, Molly Stromoski, Emily Osgood, Osgood, you've, It's, she'd, . Olin, I'm, Development Olin, you'll, Nkenge, Mickey Todiwala, That's, I've Organizations: CNBC, NYC Department of Housing Preservation, New, of Housing Preservation, Development, Yorkers, AMI, Housing, . Locations: Bronx, Bronx , New York City, New York City, New York, housingconnect.nyc.gov, Brooklyn, Williamsbridge, U.S, Harlem, Manhattan, Nkenge's

☆ Kim Si-woo: Perfection’: South Korean makes historic 238-yard ace on one of the Open’s most menacing holes
▼ + stars: | 2024-07-20 | by ( Jack Bantock | ) edition.cnn.com time to read: +2 min

CNN —It had been a relatively unremarkable Open Championship for Kim Si-woo as he stepped up to Royal Troon’s notorious penultimate tee on Saturday. One perfect thump of his three-iron later, the South Korean made history. That was more than Si-woo had managed before Saturday, having double bogeyed and bogeyed the 17th hole across his opening two rounds. Si-woo followed up his eagle with a closing par to card an even-par 71, keeping him at five-over overall for the week. That goes in and that makes it more special, especially at the major and The Open here.”

Persons: Kim Si, Royal Troon’s, ”, “ I’ve, ” Kim, Jack Gruber, Justin Ray, Frank Lickliter II’s, Nick Faldo cooed, Shane Lowry, teed, “, I’ve Organizations: CNN, Scottish, Royal Troon, USA, Sports, Reuters, Royal Lytham, St, Sky Sports

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