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But he soon realized that although he had two and a half years to save for the trip, he wouldn’t have enough, so he increased the deposit to $150. “This went on for a while before my wife noticed that there seemed to be money from my paycheck unaccounted for,” Mr. Shahin said. So his wife, Martha Shahin, knew how much he was paid and how much was deducted. She began asking to see his pay stub, but Mr. Shahin always had an excuse — he didn’t know where it was, he must have left it at work. Mr. Shahin, now 66, finally confessed that he was depositing money into a secret travel fund.
Persons: Ric Shahin, ” Mr, Shahin, Martha Shahin, Ms Locations: Midland, Mich
Not all stocks can rally to new heights in the current bull market. The current bull market rally has seen all three major averages notching record high closings. But even with the prospects for the overall stock market looking rosy, some tickers stand out in a negative way. The stock has climbed 34% this year, jumping earlier this month after Lam Research unveiled a $10 billion share buyback plan and 10-for-1 stock split. Semiconductor stocks KLA , Qualcomm and Texas Instruments were the other names on the list that could soon see a pullback.
Persons: Lam, , Fred Imbert Organizations: Nvidia, Dow Jones Industrial, Nasdaq, CNBC Pro, Lam Research, Semiconductor, Qualcomm, Texas Instruments Locations: LSEG
America’s housing crisis continues to worsen
  + stars: | 2024-06-23 | by ( Bryan Mena | ) edition.cnn.com   time to read: +6 min
Washington CNN —Homeowners in America aren’t the only ones struggling with an unaffordable housing market. A report from Harvard University’s Joint Center for Housing Studies released last week showed that both homeowners and renters in recent years have become increasingly burdened by climbing housing costs. That’s all part of a broader struggle in the US housing market, and recent data shows that it hasn’t gotten any better. But there’s a problem: ChatGPT — soon to be integrated into Siri — is banned in China, reports my colleague Samantha Murphy Kelly. The Chicago Fed releases its National Activity Index for May.
Persons: ” Lael Brainard, , , Brainard, Biden, ” Brainard, ChatGPT —, Siri —, Samantha Murphy Kelly, OpenAI, Siri, ChatGPT, Read, Christopher Waller, Lisa Cook, Michelle Bowman, General Mills, Levi Strauss, Tom Barkin Organizations: CNN Business, Bell, Washington CNN — Homeowners, America aren’t, Harvard University’s, for Housing Studies, Harvard, , White, Economic Council, Urban Institute, Administration, Apple, Apple Intelligence, Microsoft, Google, Meta, Samsung, Cyberspace Administration, FedEx, Chicago Fed, Global, Index, Board, Micron, General, US Commerce Department, Federal Reserve, Nike, McCormick, Walgreens, US Labor Department, National Association of Realtors, Richmond Fed, University of Michigan Locations: Washington, America, Congress, China
The debate between President Biden and former President Donald J. Trump this week will be the highest-stakes moment of their rematch, plunging two presidents into an extraordinarily early confrontation before a divided and angry nation. For Mr. Biden, the debate in Atlanta offers an opportunity to remind voters of the chaos of his predecessor’s leadership, his criminal convictions and to warn of an even darker future should he win a second term. For Mr. Trump, it’s a chance to make his case that America has grown more expensive, weaker and more dangerous under his successor. A notable misstep — a physical stumble, a mental lapse or a barrage of too-personal insults — could reverberate for months, because of the unusually long period until they meet again for the second debate in September. “This is a big inflection point,” said Karl Rove, a leading Republican strategist who guided George W. Bush’s two successful presidential runs.
Persons: Biden, Donald J, Trump, it’s, , , Karl Rove, George W, , Organizations: Trump Locations: Atlanta, America,
To that end, CNBC Pro used its stock screener tool to find the most overbought and oversold names on Wall Street, employing the 14-day relative strength index, or RSI, as a metric. Stocks that have a 14-day RSI above 70 are said to be overbought, indicating that shares might soon be due for a pullback. Microsoft was among the most overbought stocks this week, with an RSI of 74. Analyst price targets suggest more than 37% upside, per LSEG. With a RSI of about 19, real estate data firm CoStar Group was also among the most oversold stocks.
Persons: Nvidia, Brent Thill, Morgan Stanley, Meta Marshall, Vasu Raja, AAL, Ravi Shanker, Nicholas Jones, CSGP, , Fred Imbert Organizations: CNBC Pro, Microsoft, Jefferies, American Airlines, U.S, JMP Securities Locations: Corning
Insider Today: Making junk food healthier
  + stars: | 2024-06-22 | by ( Joi-Marie Mckenzie | ) www.businessinsider.com   time to read: +6 min
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Kylie Kelce and her husband, y'know, the former Philadelphia Eagles power player Jason Kelce, are outnumbered at home. Now, he's on a mission to develop new recipes for ultra-processed meals in the hopes they'll be healthier. Combine two steps with these 10 face moisturizers with SPF — and skip burned lips with a good SPF lip balm. More of this week's top reads:The Insider Today team: Joi-Marie McKenzie, editor in chief of life, in New York.
Persons: , Kylie Kelce, y'know, Jason Kelce, Ronnie Chua, Skip, Noah K, Murray, Michael Conroy, Jose A, Bacete, Tyler Le, Caitlin Clark, Clark, she's, Eminem, Darren Robb, Jenny Chang, Rodriguez, Chelsea Jia Feng, Kevin Hall, Hall wasn't, they're, Abanti Chowdhury, Taylor Swift, Scooter Braun, Max docuseries, Swift, Braun, Rebecca Zisser, Joi, Marie McKenzie, Jordan Parker Erb, Dan DeFrancesco, Lisa Ryan, Grace Lett, Amanda Yen Organizations: Service, Philadelphia Eagles, Business, Mount, Getty, BBC Locations: Old Montreal, Quebec, Canada, Venice, Mount Fuji, Halkidiki, Thessaloniki, Paris, Montreal, Idaho, Maryland, Iowa, BBC America, New York, New York City, Chicago
The Vexing Problem of the ‘Medium Friend’
  + stars: | 2024-06-22 | by ( Lisa Miller | ) www.nytimes.com   time to read: +2 min
My friend R. once went a step further. Call them the “medium friends.”As an example, R. told me about a certain friend. R. simply did not feel as connected to this friend as he once did. And so, without malevolence or even conscious intent, he shuffled her down in his personal friend deck. But we’re just not that kind of friend.
Persons: , , Emily Langan, I’m, we’re Organizations: Wheaton College
Last weekend, "Inside Out 2" scored the second biggest box office release for any animated movie. In it, Riley Anderson, a 13-year-old girl, grapples with the discomfort of becoming a teenager. Animated as a moody, purple being with bangs, it is the feeling of being both tired and bored. Lisa Damour, a psychologist who worked on "Inside Out 2," says ennui is a coping mechanism for teens. While this emotion is more consuming as a teenager, it can play a role in the lives of young adults who are transitioning from school into the workforce.
Persons: Riley Anderson, you've, Lisa Damour, Damour Organizations: Pixar
Hertz Global — Shares rose more than 10% after the car rental giant upsized a bond offering to $1 billion . Asana — The stock popped 10.5% after the software firm announced a share buyback plan that would cost $150 million. Nvidia — The chipmaker dropped another 1% following a 3.5% decline in the previous session. Gilead Sciences — Shares of the pharmaceutical company popped around 2%, adding to an 8.5% rally from the previous session. Palo Alto Networks — Shares rose 2.4% after D.A.
Persons: Gilead, LendingTree, Davidson, D.A, Boyd Gaming, Boyd, , Alex Harring, Yun Li, Lisa Kailai Han, Hakyung Kim, Michelle Fox Organizations: Therapeutics, U.S . Food, Drug Administration, FDA, Hertz, Nvidia, Gilead Sciences, Bloomberg, Palo Alto, D.A, Penn Entertainment, Boyd, Reuters, Boeing Locations: U.S, Gilead, Palo, cybersecurity, Thursday's
The decline comes after the AI chipmaker on Tuesday briefly topped Microsoft as the most valuable public company. Nike — The athletic clothing maker moved 1% higher following an upgrade at Oppenheimer to outperform from market perform. Asana — Shares popped more than 3% after the software firm announced a $150 million share buyback plan. Gilead Sciences — The pharmaceutical stock rose more than 2.6%, building on a rally of 8.5% from the previous session. Delta Air Lines — The stock rose 0.7% following news Thursday that the airliner announced a quarterly dividend of 15 cents a share, a 50% increase from previous levels.
Persons: Oppenheimer, Gilead, LendingTree, Bernstein, Toni Sacconaghi, — CNBC's Brian Evans, Michelle Fox, Jesse Pound, Sarah Min Organizations: Nvidia, Microsoft, Sarepta Therapeutics, U.S . Food, Drug Administration, Nike, Gilead Sciences, Bloomberg, Apple —, Air Lines Locations: U.S, Gilead
New York CNN —CDK Global is ubiquitous in the auto dealership world – its software is used at 15,000 dealers. Here’s what the CDK Global outage means for both car sellers and shoppers. Post Memorial Day, “this presents increased opportunities for vehicle sales, service and, of course, revenue. It also means that it’s time to roll out your summer Sales and Service marketing campaigns.”Can I still buy a car? Ford also said its dealerships involved in the CDK outage have alternate ways to take care of customers.
Persons: There’s, it’s, CDK, Lisa Finney, ” Finney, aren’t, Jeff Ramsey, , Brian Benstock, Ramsey, Ford, ” Ford Organizations: New, New York CNN, CDK Global, CNN, Service, Ourisman Auto Group, Paragon Honda, Paragon Acura, Kia, Toyota, Dodge, Lincoln Locations: New York, United States, Canada, Maryland, Long Island City , New York, Ford
Kendrick Lamar isn’t done with Drake yet
  + stars: | 2024-06-20 | by ( Lisa Respers France | ) edition.cnn.com   time to read: +2 min
CNN —Kendrick Lamar’s “Not Like Us,” a diss track of fellow rapper Drake, has already been declared the “song of the summer” by some listeners who have been playing it on repeat. The song was released as part of a recent rap battle between Lamar and Drake that saw the two hip-hop artists releasing diss tracks at a frantic pace in April. He was joined on stage by multiple West Coast stars, including legendary rapper/producer Dr. Dre and Los Angeles Clippers player Russell Westbrook. Lamar held the show at Los Angeles’ Kia Forum. As of Thursday morning, Drake had not yet responded on social media or with new music.
Persons: CNN — Kendrick Lamar’s, Drake, Lamar, Dre, Russell Westbrook, , ain’t, Tupac Shakur, a.k.a, Biggie Smalls, , Drake “ Organizations: CNN, Amazon Music, West Coast, Los Angeles Clippers, Los Angeles, Kia, Billboard Locations: Lamar, Los, Los Angeles, West, East Coast, East
Trump Media & Technology Group — After former President Donald Trump's company said on Tuesday that the Securities and Exchange Commission had declared effective Trump Media's registration of additional shares, the stock dropped 13.5%. Super Micro Computer — Shares jumped 5% after Elon Musk said the company will help his AI firm, xAI, build a supercomputer . Winnebago reported $1.13 in adjusted earnings per share on $786 million of revenue for its fiscal third quarter. Commercial Metals — Shares gained 5.6% after the company reported a revenue beat for its third quarter. Analysts surveyed by LSEG had forecasted $1.80 earnings per share and $1.65 billion in revenue.
Persons: lenacapavir, Donald Trump's, Elon Musk, Piper Sandler, Winnebago, FactSet, Heather Balsky, Jabil, LSEG, , Alex Harring, Hakyung Kim, Sarah Min, Jesse Pound, Lisa Han Organizations: Accenture, Gilead Sciences, Trump Media & Technology, Securities and Exchange Commission, Trump, Darden, Garden, LongHorn, LSEG . Revenue, Winnebago Industries, Bank of America, Jazz Pharmaceuticals, Metals, Revenue, KB
Positive data from Intra-Cellular Therapies ' latest study could herald further success for the biotechnology stock, according to Canaccord Genuity. The updated forecast implies that shares of Intra-Cellular Therapies could soar nearly 50% from their Tuesday close at $75.48. "We believe the solidity of the Phase 3 data means an approval for luma in MDD is more of a when, not if." Shares of Intra-Cellular Therapies have risen less than 4% this year. But the analyst believes the stock has been "somewhat constrained" due to investors' overly cautious nature with luma's potential patent runway, he wrote.
Persons: Canaccord, Sumant Kulkarni, Kulkarni, , Fred Imbert Organizations: Therapies, Cellular Locations: MDD
Read previewSocially awkward and chronically single Chinese youth are turning to AI-powered love coaches to boost their dating game, according to a new report from the South China Morning Post. Unsure of what to say during dates or how to flirt, some youths are using AI applications like "RIZZ.AI" and "Hong Hong Simulator" to learn how to talk to potential love interests, the SCMP reported, citing posts on the app seen on Chinese social media. A 2023 survey by the China Youth Daily Social Survey Center found that young people in China report lacking social skills and having trouble breaking out of their comfort zones and making friends. AdvertisementWith the RIZZ.AI app, nervous youth can interact with fictional characters in scenario settings they must navigate. Screenshot/RIZZ.AIA more China-tailored app, Hong Hong Simulator, teaches users how to coax angry partners, per the SCMP.
Persons: , Maddie, Kristen, ChatGPT, DAN, Lisa Organizations: Service, South China Morning, Hong, Business, China Youth Daily Social Survey Center Locations: China
AdvertisementBest for travelThe Green Pet Shop Cool Pet Pad The Green Pet Cool Pet Pad is the best mat for keeping dogs cool on the go. The best dog cooling mats and pads for travel are lightweight and easy to carry, like this one from Green Pet. Most of the best dog cooling mats are too small for giant breeds, but the Arf Pets Pad is an exception. AdvertisementHow we tested the best dog cooling mats and padsI evaluated whether each mat could fit inside of a standard-sized dog crate. Christine Caplan/InsiderThe best dog cooling mats and pads in this guide were provided as editorial review samples by their manufacturers.
Persons: Walter, Krista Miller, Read, Christy Caplan, It's, Christine Caplan Organizations: Business, YouTube Locations: Pacific, Chewy
Stifel raised its price target on Nvidia to $165, implying more than 20% upside. Analyst Andrew Boone also set a price target of $38, corresponding to a nearly 22% increase from Tuesday's close. — Lisa Kailai Han 6:06 a.m.: Stifel raises its price target for shares of Nvidia Stifel raised its price target for Nvidia in a recent note. Roy added that his new price target was also based on his new earnings estimate for the fiscal year 2027. — Lisa Kailai Han 6:06 a.m.: KeyBanc raises Meta Platforms price target Strong ad momentum will drive more gains for Meta Platforms shares, according to KeyBanc.
Persons: Stifel, Piper Sandler, Kumar, Harsh, — Lisa Kailai Han, Andrew Boone, Life360, Boone, Nvidia Stifel, Ruben Roy's, Roy, Lisa Kailai Han, Justin Patterson, Patterson, Meta, Fred Imbert Organizations: CNBC, Nvidia, Devices, AMD, Life360, Automotive, Meta Locations: Tuesday's, Meta
Participants during the snowboarding activity with the Hoods to Woods Foundation at Big Snow American Dream in East Rutherford, New Jersey on June 13, 2024. "It keeps me out of the house," Gibson told CNBC from a lounge room in the Big Snow complex. Participants during the snowboarding activity with the Hoods to Woods Foundation at Big Snow American Dream in East Rutherford, New Jersey on June 13, 2024. The group also accepts donations of gear or gifts, while Big Snow has lent its facilities at no charge to the nonprofit for years. Through Hoods to Woods, Diaz, Paupaw and their volunteers have built many relationships with their participants.
Persons: Danielle DeVries, Gibson, Woods, Omar Diaz, Diaz, Brian Paupaw, Sebastian, Veronica Vogelman, Paupaw, Big Snow, Annette Diggs, Ciera Young, Zyshawn Gibson, Tah'gee Van Dunk, Abby Crisostomo, Crisostomo Organizations: Foundation, Big, CNBC EAST RUTHERFORD, Woods Foundation, CNBC, Snowsports Industries, National Ski Areas, Edge, Unlikely Riders Locations: East Rutherford , New Jersey, N.J, New York, New Jersey, United States, Paupaw, Woods, Washington, , Vermont
“We are actively investigating a cyber incident,” CDK spokesperson Lisa Finney said in a statement shared with CNN. To protect customer privacy, customer’s details aren’t written out on a piece of paper that’s just sitting on the desk anymore. Instead, information about deals and customer appointments is kept in a server that’s now impossible for his salespeople to access. But it’s a major hassle in the meantime and could cost his dealerships some business. A statement shared by CDK later in the afternoon said some of the company’s system had been restored to operation but not all of them, yet.
Persons: , Lisa Finney, CDK, it’s, Jeff Ramsey, aren’t, Ramsey, , ” Ramsey, Brian Benstock, he’s Organizations: CNN, CDK, Ourisman Auto Group, Paragon Honda, Paragon Acura Locations: Canada, Maryland, Long Island City , New York
Just Stop Oil protesters spray Stonehenge with paint
  + stars: | 2024-06-19 | by ( Caitlin Danaher | ) edition.cnn.com   time to read: +2 min
A video posted on X by Just Stop Oil shows two of the group’s activists spraying the landmark using fire extinguishers. “The Just Stop Oil protestors demanded the incoming government sign up to a legally binding treaty to phase out fossil fuels by 2030,” the group posted on X. The protesters were a 21-year-old student from Oxford and a 73-year-old man from Birmingham, Just Stop Oil said in a press release. The official Stonehenge X account described the incident as “extremely upsetting.”“Orange powdered paint has been thrown at a number of the stones at Stonehenge. The protesters were a 21-year-old student from Oxford and a 73-year-old man from Birmingham, Just Stop Oil said in a press release.
Persons: , Rishi Sunak, Mona Lisa, Van Organizations: CNN — Environmental, Oxford, Wiltshire Police, Police, Heritage, Northern, British, Magna Carta, British Museum Locations: Birmingham, Salisbury, England, London
By no means am I interested in tackling any impact policy differences may have upon non-market related subjects. Monetary policy So let's begin with monetary policy. Fiscal policy Now let's turn to fiscal policy. Trade policy Trade policy is easy. Regulatory policy Finally, the big kahuna, regulatory policy.
Persons: Donald Trump, Joe Biden, Clinton, Christopher Waller, Michelle Bowman —, Jerome Powell, Janet Yellen, Powell, Biden, Lisa Cook, Philip Jefferson, Bill Dudley's, Covid, Trump, Cato, Stocks Organizations: Trump, Federal Reserve, Fed, Trump Fed, Bloomberg, Democratic, Heritage, AEI, Biden Locations: China
Experts say rental properties, vacation homes and homes where the owners are deceased can be targets of home title theft. Here are some ways to protect yourself:What is home title fraud? Home title fraud occurs when scammers impersonate homeowners to refinance or sell a victim’s property and pocket the money. In an email associated with Naussany Investments to CNN, a self-proclaimed scammer claimed responsibility for the attempted home title fraud. A standard American Land Title Association (ALTA) homeowner’s policy of title insurance covers home title forgery and impersonation.
Persons: scammers, Elvis Presley’s, David Fleck, , , ” Fleck, “ It’s, Lisa Marie Presley, Elvis, Priscilla Presley, Riley Keough, Naussany, Florida notary’s, Jonathan Skrmetti, scammer, I’ve, Jeremy Miller, ” Miller, Fleck, ALTA’s, Miller Organizations: CNN, Naussany, Naussany Investments, New York Times, Times, Allstate, Consumer Financial Locations: Memphis, Tennessee, Los Angeles, Graceland, Florida, Nigeria, California, Georgia
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
The firm raised its year-end target for the S & P 500 to 6,000 from 4,750. The new price target also now marks the highest on Wall Street, the CNBC Market Strategist Survey shows. Emanuel also pointed to the artificial intelligence-driven rally as another factor that could blow the S & P past its old target. Enthusiasm over AI has pushed the S & P 500 to record levels this year, with the S & P 500 blowing by Emanuel's previous year-end target. Emanuel added that the 7,000 level for the S & P 500 is achievable by the end of 2025.
Persons: Evercore ISI's Julian Emanuel, Emanuel, Emanuel's Organizations: ISI, CNBC Market, Survey, Nvidia
When the “Queen & Slim” star was asked about her ex-husband Joshua Jackson dating Lupita Nyong’o in a recent interview with The Cut, Turner-Smith has a positive response. We need happiness in order to peacefully co-parent,” Turner-Smith told the publication. Turner-Smith and Jackson split in late 2023 after marrying in 2019. They share share a four-year-old daughter, Juno Jackson. The most important thing is that you choose what’s healthiest for you and your family and definitely your children.”
Persons: Jodie Turner, Smith, Slim, Joshua Jackson, Lupita, ” Turner, “ I’m, Gwyneth, Paltrow, Chris Martin, ” Paltrow, Martin, , Turner, Jackson, Juno Jackson, , it’s Organizations: CNN, Times
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