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☆ Utah Governor Primary Election Results
▼ + stars: | 2024-06-25 | by ( ) www.nytimes.com time to read: 1 min

Spencer Cox of Utah, a moderate, is facing a primary challenge from State Representative Phil Lyman, a former county commissioner who has emphasized his support for former President Trump. Mr. Cox is seeking a second four-year term.

Persons: Spencer Cox, State Representative Phil Lyman, Trump, Cox Organizations: State Representative Locations: Spencer Cox of Utah

☆ Utah Primary Election Results
▼ + stars: | 2024-06-25 | by ( ) www.nytimes.com time to read: 1 min

GovernorGov. Spencer Cox of Utah, a moderate, is facing a primary challenge from State Representative Phil Lyman, a former county commissioner who has emphasized his support for former President Trump. Mr. Cox is seeking a second four-year term.

Persons: Gov, Spencer Cox, State Representative Phil Lyman, Trump, Cox Organizations: State Representative Locations: Spencer Cox of Utah

☆ ‘Months to correct, if not years’: Car dealerships and customers feel the impact as CDK outage drags on
▼ + stars: | 2024-06-25 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +7 min

“The financial impact it will directly have on us will take months to correct, if not years,” Callahan said. Tom McParland, the owner of Automatic Consulting, a national car buying service, said the outage was impacting customers because they have fewer dealers to choose from. “It limits the customer’s leverage.”Some dealers also can’t apply factory rebates without CDK’s software, so customers may miss out on money-saving deals. Under normal circumstances, the CDK software allows the dealership to register a vehicle almost instantaneously, but now the process faces heavy delays. He told CNN he was able to buy the car but was unable to sign the title.

Persons: Ryan Callahan, ” Callahan, CDK, Tom McParland, ”, McParland, Michael Deveney, “, ” Deveney, Katelyn Salvato, hasn’t, Salvato, …, We’ve, they’ve, Scott Campbell, Nicolas, CNN they’ve, Don Aycock, Robbie Jacob, Jacob, Tekion Organizations: New, New York CNN, Mazda, North America, Automatic Consulting, Midway Automotive, Massachusetts, of Motor Vehicles, Pride Motor Group, “, DMV, CNN, Massachusetts Department of Transportation, Capital City Buick GMC, Porsche, Buick, Diego —, Kia, Cox Automotive Locations: New York, Seekonk , Massachusetts, Lynn, Berlin , Vermont, Los Angeles, ”, Clay County , Florida, Diego

☆ U.S. auto sales are expected to slow during the second half of 2024
▼ + stars: | 2024-06-25 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

Cars sit on a Chevrolet dealership's lot on June 20, 2024 in Chicago, Illinois. DETROIT – U.S. auto sales through the first half of the year are expected to be up by 2.9% compared to a year ago, but there are concerns that the auto industry may not be able to continue the momentum during the last six months of the year. Vehicle inventory levels are growing, incentives are increasing and there's growing uncertainty during the second half of the year surrounding the economy, interest rates and U.S. presidential election, according to Cox Automotive. The auto data and research firm expects sales growth to slow during the second half of the year to end 2024 at 15.7 million units, roughly a 1.3% increase compared to 2023. And, unlike in recent years, growth is coming from commercial sales compared to more profitable sales to consumers.

Persons: we're, Cox, Jonathan Smoke Organizations: CDK, DETROIT, Cox Automotive Locations: Chicago , Illinois, United States, Canada, DETROIT – U.S

☆ VW updates 2025 Jetta to boost sales of the brand's entry-level car
▼ + stars: | 2024-06-25 | by ( Michael Wayland | ) www.cnbc.com time to read: 1 min

Volkswagen on Tuesday announced updates for its 2025 Jetta sedan to boost sales amid industry-wide affordability concerns. The entry-level version of the Jetta with an automatic transmission will start at $21,995 when it goes on sale, expected by the end of the third quarter, the company said. That model will replace the current lower-priced model of the Jetta, which has a manual transmission and has seen limited sales since many drivers only know how to drive vehicles with an automatic transmission. The changes come amid concerns around vehicle affordability and growing vehicle inventories following years of constraints due to the coronavirus pandemic and supply chain issues. The Jetta's new starting price compares with the average transaction price of a new car sold in May of $47,455, according to Cox Automotive.

Organizations: Volkswagen, Jetta, Cox Automotive

☆ Housing market to remain 'stuck' until at least 2026, Bank of America says
▼ + stars: | 2024-06-25 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

The housing market is unlikely to recover for several years and affordability won't get any better unless a recession hits, according to Bank of America economists. "The US housing market is stuck, and we are not convinced it will become unstuck anytime soon," Bank of America economist Michael Gapen and others said in a Monday note. In some respects, the housing market is a victim of its own success: Buyers swarmed in after Covid hit, taking advantage of mortgage rates around 3% and even less. Bank of America does expect some moderation in regard to prices, but again not for a few years. As things stand, the NAR's housing affordability index , after rising earlier this year, tumbled in May to its lowest level since November 2023.

Persons: Michael Gapen, Gapen, Covid Organizations: Bank of America, Federal Reserve, National Association of Realtors, NAR

☆ Fed Governor Bowman says she's still open to raising rates if inflation doesn't improve
▼ + stars: | 2024-06-25 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

Michelle Bowman, governor of the US Federal Reserve, speaks during the Exchequer Club meeting in Washington, DC, US, on Wednesday, Feb. 21, 2024. Federal Reserve Governor Michelle Bowman said Tuesday the time is not right yet to start lowering interest rates, adding she would be open to raising if inflation doesn't pull back. "However, we are still not yet at the point where it is appropriate to lower the policy rate." The Commerce Department on Friday will release its reading on the May personal consumption expenditures price index, the Fed's preferred inflation gauge. Economists surveyed by Dow Jones expect a 12-month inflation rate of 2.6% on both the all-items and core, which excludes food and energy prices.

Persons: Michelle Bowman, Bowman, Dow Jones, Mary Daly, Daly, CNBC's Deirdre Bosa, it's, Austan Goolsbee, CNBC's Steve Liesman Organizations: US Federal Reserve, Federal, Market, Commerce Department, European Central Bank, San Francisco Fed, Chicago Fed Locations: Washington , DC, London, U.S, San Francisco

☆ Krispy Kreme is rolling out ‘Friends’-themed doughnuts. But you probably can’t get any
▼ + stars: | 2024-06-23 | by ( Erika Tulfo | ) edition.cnn.com time to read: +3 min

“We’re constantly innovating, constantly bringing excitement to the brand, and we’re fresh, fresh daily,” said CEO Josh Charlesworth on a first-quarter earnings call in May, according to a transcript made available by FactSet. But fans had a few words for Krispy Kreme on that score. “This is where I am just confused by the decision making process,” noted one commenter under an Instagram post by “Snackolator“ about the release. Krispy Kreme has launched its own share of US-exclusive doughnuts, including its most recent collaboration with singer Dolly Parton, the Southern Sweets Doughnut Collection, announced in May. A representative for Krispy Kreme declined to comment on whether the “Friends” collaboration would be made available in the US and told CNN there was “nothing additional to share at this time.”

Persons: ”, Krispy Kreme, “ We’re, Josh Charlesworth, “ Snackolator, Ashley Smith, “, Monica Geller’s, Courtney Cox, Ross Geller’s, David Schwimmer, Rachel Green, Jennifer Aniston, Dolly Parton Organizations: CNN, Ireland, Warner Bros, FactSet Locations: New York

☆ Bangladesh floods: Nearly 2 million people stranded as devastating floods hit northeast
▼ + stars: | 2024-06-22 | by ( Helen Regan | ) edition.cnn.com time to read: +6 min

CNN —Extensive flooding has stranded about 1.8 million people in northeast Bangladesh, following weeks of heavy rains that have submerged homes and devastated farmland, according to state media and humanitarian agencies. There is concern for those trapped by floodwaters who now face food shortages and a lack of clean water, according to local media. A mother holds her son in front of her house in floodwater on June 20, 2024 in Sylhet, Bangladesh. Salahuddin Paulash/Drik/Getty ImagesDensely populated and low-lying Bangladesh is prone to seasonal rains, flooding and cyclones. People move their belongings through a flooded street in Sylhet, Bangladesh, on June 20, 2024.

Persons: Bangladesh Sangbad, Sunamganj, ” Sheldon Yett, Salahuddin Paulash, ”, Sultana Begum, ” Hasan Sarwar, Syed Mahamudur Rahman Organizations: CNN, Bangladesh, Bangladesh Sangbad Sangstha, Water Development, Villagers, United Nations, Children’s Fund, UNICEF, UNICEF Representative, World Bank, Remal, Bangladesh’s Ministry of Disaster Management, Bangladesh Water Development Locations: Bangladesh, Sylhet, India, floodwater, Asia, Myanmar, Cox’s Bazar, Assam

☆ Used car retailer CarMax posts 33% drop in first-quarter profit
▼ + stars: | 2024-06-21 | by ( ) www.cnbc.com time to read: +2 min

Customers shop for used vehicles at a CarMax dealership in Lexington, Kentucky. Better offers and trade-in deals on new vehicles have also kept potential buyers at bay from considering used vehicles. For the reported quarter, overall revenue came in at $7.11 billion, falling short of analysts' estimates of $7.21 billion. Cox said that retail used-vehicle prices have been consistently lower through the first five months of 2024 compared with a year earlier. CarMax shares shares slipped in and out of positive territory in premarket trading.

Persons: CarMax, Cox Organizations: Better, Cox Automotive Locations: Lexington , Kentucky

☆ Surging government red ink spurs economists' worries over a prolonged recession and market trouble
▼ + stars: | 2024-06-21 | by ( Jeff Cox | ) www.cnbc.com time to read: +5 min

Burgeoning debt and deficits are threatening to make the next recession deeper while tying the hands of policymakers, according to two leading economists. The Congressional Budget Office this week revised its estimates to paint an even bleaker version of the U.S. financial picture. Teetering on trouble In fact, Rosenberg thinks the economy already is nearing or in the early stages of recession. "With budget deficits historically high relative to an economy operating at full employment, the government could be facing double-digit budget deficits when the next downturn hits." While equity markets have largely shrugged off worries over the fiscal situation, LaVorgna and Rosenberg both insist that bond investors should pay attention.

Persons: David Rosenberg, Rosenberg, Teetering, Janet Yellen, Joseph LaVorgna, Donald Trump, LaVorgna Organizations: Congressional, Rosenberg Research, Federal, CBO, CNBC, White House, Nikko Securities, National Economic Council Locations: U.S

☆ Video: Kate Cox, Texas woman who previously fled state for abortion, announces pregnancy
▼ + stars: | 2024-06-20 | by ( Diana Tollison | ) edition.cnn.com time to read: 1 min

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☆ Stock futures are little changed after S&P 500 briefly tops 5,500: Live updates
▼ + stars: | 2024-06-20 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

U.S. stock futures hovered near the flatline Thursday night after the S&P 500 briefly climbed above 5,500 for the first time. Futures tied to the Dow Jones Industrial Average inched lower by 3 points, or 0.01%.S&P 500 futures were unchanged, and Nasdaq 100 futures advanced 0.07%. In Thursday's regular session, the S&P 500 closed 0.25% lower. At its highs of the day, the broad market index was up by as much as 0.34%, reaching 5,505.53. The S&P 500 is tracking for a roughly 0.8% advance, while the Nasdaq is up 0.2%.

Persons: Dow, Jamie Cox Organizations: Dow Jones, Nasdaq, Nvidia, Microsoft, Harris Financial

☆ Cost parity is driving used EV sales, says Cox's Erin Keating
▼ + stars: | 2024-06-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCost parity is driving used EV sales, says Cox's Erin KeatingErin Keating, Cox Automotives executive analyst, joins 'Power Lunch' to discuss the used EV market sales boom.

Persons: Cox's Erin Keating Erin Keating, Cox

☆ Meet the hobbyists who collect barf bags
▼ + stars: | 2024-06-19 | by ( Aj Willingham | ) edition.cnn.com time to read: +12 min

CNN —“I collect barf bags” is not a complete sentence. “I collect barf bags because they’re pretty neat.”“I collect barf bags, and I’m not the only one.”Of the eight billion people on the planet, the number of serious barf bag collectors is just north of 100, according to notable members of their ranks. The ineffable whyWhen Steve Silberburg started collecting barf bags around 1981, he thought he would be the only one. People were indeed amused, but it had an unintended side effect: Classmates started bringing Silberburg other barf bags to add to his collection. “We don’t want anybody to get ahead of us, you know.”“It makes a good litmus test, telling people you collect barf bags,” Silberburg says.

Persons: CNN —, I’m, Dramamine —, Steve Silberburg, ”, ” Silberburg, Silberburg, Eli Cox, “ It’s, that’s, Cox, “, Bob Grove, Bruce Kelly, Grove, Bob Grove's tastefully, Dramamine Bruce Kelly, Grove’s, “ I’ve, ” Kelly, Kelly, somebody’s, it’s, Bruce Kelly's, Gilmore Schjeldahl, Louis, ” Bruce Kelly, ’ Organizations: CNN, Maine, Finn Aviation, TWA Locations: “, New York City, Boston, San Francisco, Austin , Texas, San Diego, Tijuana, Burma, Myanmar, American, North Dakotan, Finnish, Omaha, St, England, Japan, Europe

☆ Euro 2024 day six: Germany advance, MLS history, comedy goals, don’t trust world rankings
▼ + stars: | 2024-06-19 | by ( The Athletic Uk Staff | ) www.nytimes.com time to read: +10 min

A 2-0 victory over Hungary sent Germany through to the round of 16, and they got there pretty comfortably. Shaqiri was actually a surprise selection for Switzerland’s second Euro 2024 game against Scotland on Wednesday. Albania, just like against Italy, were ahead and could have pulled off the greatest result in their footballing history. Schar briefly joins the own goals club (Photo: Alex Grimm/Getty Images)Tim SpiersTalking of shocks, do world rankings matter? If the alternative is FIFA executives arbitrarily deciding on seedings among themselves, then it’s probably worth having official rankings.

Persons: Toni Kroos, Antonio Rudiger, Jamal Musiala, Florian Wirtz, Kai Havertz, Ilkay Gundogan, Wirtz, Robert Andrich, Tom Weller, Joshua Kimmich, Leroy Sane, Rudiger, Jonathan Tah, Sam Lee, Xherdan Shaqiri, Shaqiri, Kirill KUDRYAVTSEV, It’s, he’s, Nick Miller, Hysaj, Ante Budimir, Luka Sucic, Berat Djimsiti, Klaus Gjasula, Gjasula, Maximilian Wober, Robin Hranac, Fabian Schar, Scott McTominay’s, Yann Sommer’s, Schar, Alex Grimm, Tim Spiers, Poland —, GABRIEL BOUYS, it’s, Michael Cox What’s, Stefan Matzke – Organizations: England, European Championship, MLS, Albania, Hungary, Musiala, Getty, Sam Lee MLS, Chicago Fire, Scotland, Major League Soccer, Shaqiri, Croatia, Luka, Portugal, UEFA, Scottish, Belgium, Monday, Championship, FIFA, … Locations: Denmark, Spain, Italy, Slovenia, Serbia, Germany, Hungary, South America, Scotland, Switzerland, Croatia, Albania, Swiss, Berat Djimsiti …, Czech Republic, Poland, AFP, Israel, Morocco, … Slovenia

☆ CNBC Daily Open: Nvidia unseats Microsoft as world's most valuable company
▼ + stars: | 2024-06-19 | by ( Abid Ali | ) www.cnbc.com time to read: +5 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The shift presents challenges for tech-focused ETFs and could affect their holdings of heavyweights like Nvidia , Microsoft , and Apple . Markets are pricing in at least two rate cuts this year, while Fed officials have indicated only one rate cut is likely. Nvidia takes the crown Nvidia on Tuesday surpassed Microsoft to become the world's most valuable public company with a market cap of $3.34 trillion. Federal Reserve Governor Adriana Kugler signaled the likelihood of a rate cut later this year.

Persons: Dave Calhoun, Josh Hawley, Calhoun, Hawley, Paul Ashworth, Susan Collins, Collins, Adriana Kugler, " Kugler, Jeff Cox, Cox, Claudia Sahm, —, Kif Leswing, Bob Pisani, Leslie Josephs, Alex Harring, Samantha Subin, Spencer Kimball, Yun Li, Lim Hui Jie Organizations: New York Stock Exchange, CNBC, Nvidia, Microsoft, Apple, Federal Reserve, Fed, Boeing, Federal, North, Capital Economics, Boston Federal, Peterson Institute for International Economics Locations: New York City, U.S, North America, Boston, Lawrence , Massachusetts, Washington

☆ The Fed is 'playing with fire' by not cutting rates, says creator of 'Sahm Rule' recession indicator
▼ + stars: | 2024-06-18 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

Economist Claudia Sahm has shown that when the unemployment rate's three-month average is half a percentage point higher than its 12-month low, the economy is in recession. "My baseline is not recession," Sahm said. "The worst possible outcome at this point is for the Fed to cause an unnecessary recession," she added. That's the highest the Sahm reading has been on an ascending basis since the early days of the Covid pandemic. The value essentially represents the percentage point difference from the three-month unemployment rate average compared to its 12-month low, which in this case is 3.5%.

Persons: Claudia Sahm, Sahm, I'm, Jerome Powell Organizations: Exchange, CNBC, Federal, Fed, Bureau of Labor Statistics, Committee

☆ Housing inflation will need to come down before the Fed can think about cutting rates, BofA says
▼ + stars: | 2024-06-18 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

With shelter inflation "sticky" at a 5.4% year over level, Gapen said it could be months before "greater confidence" is achieved. "We think the Fed is unlikely to achieve the confidence it needs to begin rate cuts until shelter inflation takes a step lower," he said. Monthly housing inflation readings in the PCE measure have been running at either 0.5% or 0.4% since March 2023. We don't target housing prices, for example," Powell said. Philadelphia Fed President Patrick Harker, a nonvoter on the FOMC this year, on Tuesday singled out the "long-term stubbornness of shelter inflation."

Persons: Michael Gapen, Gapen, Jerome Powell, Powell, Patrick Harker Organizations: Federal Reserve, Bank of America, Commerce, Philadelphia Fed

☆ May retail sales rise 0.1%, weaker than expected
▼ + stars: | 2024-06-18 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

A worker assists with check-out at a Costco store in Teterboro, New Jersey, US, on Wednesday, Feb. 28, 2024. Retail spending was weaker than expected in May as consumers continued to wrestle with stubbornly higher levels of inflation. Sales rose just 0.1% on the month, one-tenth of a percentage point below the Dow Jones estimate, according to a Commerce Department report Tuesday that is adjusted for seasonality but not inflation. On a year-over-year basis, sales rose 2.3%. The sales number was worse when excluding autos, with a decline of 0.1% against the estimate for a 0.2% increase.

Persons: Dow Jones, Patrick Harker Organizations: Costco, Commerce Department, Federal Reserve, Fed, Philadelphia Fed Locations: Teterboro , New Jersey, US

As the festival draws near, there are still a few avenues for how to buy HARD Summer Musical Festival 2024 tickets. We've got you covered if you're looking for how to get tickets for HARD Summer Music Festival 2024. Hard Summer Music Festival 2024 scheduleThere are three general ticket options for the 2024 HARD Summer Music Festival. How much are Hard Summer Music Festival tickets? The festival website also offers tickets for shuttles to the 2024 HARD Summer Music Festival, with prices for this feature beginning at $62.05.

Persons: Nelly Furtado, Fisher, Chris Lake, We've, Jamie XX, Seth Troxler, Chris Stussy, Hamdi, San, Chloé Caillet, Trucco, Carola, Cole Knight, Bianca, Hayes Bradley, Nazaar, Major Lazer, Sofi, Kenny Beats, Eli Brown, Dillon Francis, Matroda, DJ Heartstring, Kerri Chandler, Juelz, Beltran, Levity, SOSA, DJ Susan, ALLEYCVT, Camden Cox, Gudfella, Mary Droppinz Organizations: Business, Hollywood, Subtronics, Beltran B2B Locations: Angeles, Los Angeles, CA, Lake Hills, Panteros666

☆ Fisker files for bankruptcy protection in wave of EV startups, moment of déjà vu for its founder
▼ + stars: | 2024-06-18 | by ( Michael Wayland | ) www.cnbc.com time to read: +6 min

Henrik Fisker stands with the Fisker Ocean electric vehicle after its unveiling at the Manhattan Beach Pier ahead of the Los Angeles Auto Show and AutoMobilityLA in Manhattan Beach, California. The new filing comes after the Fisker company failed to secure an investment from a big automaker to keep afloat. The automaker, unlike most of its peers, contracted a third-party manufacturer to build the Fisker Ocean crossover. Déjà vuFor Henrik Fisker, a renowned automotive designer credited with designing the BMW Z8 and Aston Martin DB9, it's déjà vu. His first namesake company – Fisker Automotive – filed for bankruptcy protection in 2013, shortly after he left the company.

Persons: Henrik Fisker, Patrick T, Fallon, Fisker, Nikola, Faraday, It's, Henrik Fisker's, Tesla, Sam Abuelsamid, Magna, Abuelsamid, Geeta Gupta, Gupta, Stephanie Valdez Streaty, Aston Martin, – Organizations: Manhattan, Los Angeles Auto, AFP, Getty, Lordstown Motors, Guidehouse, Software, U.S, Canadian, Apple, Adobe, SAP America, Manpower, Systems, CNBC, Cox Automotive, Fisker, Inc, BMW Z8, Aston, Aston Martin DB9, China's Wanxiang Locations: Manhattan Beach , California, EVs, U.S, North America, Europe

Featuring an incredible lineup of artists from various musical genres, many are wondering how to get Lollapalooza tickets this year. In addition to the Chicago festival, which is now enjoying its 33rd year, the Lollapalooza shows will now take place in India, Argentina, Chile, and Brazil. Lollapalooza 2024 festival scheduleFour main ticket options are available for Lollapalooza Chicago. How to buy tickets for Lollapalooza 2024 music festivalYou can buy original tickets for Lollapalooza 2024 directly through the festival website. Tickets for Lollapalooza Chicago 2024 are also available through verified resale ticket vendors like Vivid Seats and StubHub.

Persons: Tyler, Melanie Martinez, We've, It's, StubHub, Lizzy McAlpine, Fisher, Labrinth, Benson Boone, Kesha, Mochakk, Chappell Roan, Don Diablo, Freyr, Kasbo, Flo, Olivia Dean, Sam Barber, BigXThaPlug, Matt Hansen, Blondshell, Brandi Cyrus, Riovaz, Mette, Abby Holliday, Camden Cox, Chance Emerson, Adam Diaz, Walter, Goldie Bouilier, Reneé Rapp, Zedd, Faye Webster, Victoria Monét, Raye, Megan Moroney, Qveen, Ryan Beatty, Malcolm Todd, Lola Young, Blu Detiger, Rod, Tommy Richman, Ava Maybee, McKenna Grace, Cale Tyson, Kaliii, Fifteen0eight, Brandi Cyrus Saturday, Tate McRae, Mike, Ethel Cain, Skream, Kenny Beats, Briston Maroney, BoyWithUke, Romy, Yoasobi, Josiah, Dora Jar, Nia, Jyoty, Tanner Usrey, Armani White, Natalie Jane, Brigitte, Sam Nelson, Will Linley, Hayes Warner, Tommy Newport, Xandra Skrillex, Conan Gray, Dominic Fike, Pierce, Teddy, Vince Staples, Whyte Fang, Ben Böhmer, Grentperez, Mimi Webb, Knox, Briscoe, Jessica Audiffred, Nico Vega, Willis, Valencia Grace, Scarlet Demore, Eddie, Kyle Dion, Kaitlin Butts, Ryan Trey, Huddy, Carmen Deleon Organizations: Business, Chicago, Grant, Lollapalooza Chicago, Royce, Wolves, Chicago Philharmonic, National Parks, TV, Cannons, Nia Archives, Cinema Locations: Grant, Chicago, India, Argentina, Chile, Brazil, StubHub, D4VD, Saint Levant, Glendale, Savannah Ré, Hanabie, Nostalgix

☆ Believe in the bull market but have rational optimism, says Ritholtz's Callie Cox
▼ + stars: | 2024-06-17 | 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 EmailBelieve in the bull market but have rational optimism, says Ritholtz's Callie CoxCallie Cox, Ritholtz Wealth Management chief market strategist, joins 'Money Movers' to discuss the strategist's thoughts on the current market rally, what would spur a selloff in equities, and if a September rate cut is on the cards.

Persons: Ritholtz's Callie Cox Callie Cox Organizations: Ritholtz Wealth Management

☆ CNBC Daily Open: Nasdaq record, Tesla future value?
▼ + stars: | 2024-06-17 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

Alain Jocard | AFP | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. This valuation, however, wouldn't be based on Tesla's success as an electric vehicle manufacturer, but rather as a robotics company. While Musk didn't provide a specific timeframe for this claim, he also suggested Tesla could reach a $5 trillion to $7 trillion valuation as a robotaxi company. In 2020, Tesla's worth even surpassed the combined value of Toyota, Volkswagen, Hyundai, GM, Ford and BMW.

Persons: Elon Musk, Porte, Alain Jocard, Elon, Tesla, Cathie Wood, Wood, CNBC's, Dan Ives, Chris Ailman, Ailman, CNBC's Michael Santoli, Jeff Cox, Michael Santoli, Jordan Novet, Katie Bartlett, Pia Singh, Riley de León, Spencer Kimball, Lisa Kailai Han, Brian Evans Organizations: SpaceX, Twitter, Porte de, AFP, Getty, CNBC, Toyota, Volkswagen, Hyundai, GM, Ford, BMW, California State Teachers, Nvidia, & $ Locations: Paris, Tesla

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