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☆ Vice President Kamala Harris' past donors privately strategize in case Biden drops out
▼ + stars: | 2024-07-03 | by ( Brian Schwartz | ) www.cnbc.com time to read: +8 min

U.S. Vice President Kamala Harris gives the commencement address at the commencement ceremony for graduates of the U.S. Air Force Academy in Colorado Springs, Colorado, U.S., May 30, 2024. There's also discussion among Harris confidants about the need to begin scheduling meetings for the vice president with some of the biggest donors in the Democratic Party if Biden drops out, these people explained. A White House spokeswoman for Harris and Biden campaign representatives did not return requests for comment. "To be clear, Vice President Harris is a badass. PredicIt, which allows people to make bets on political events, now puts the vice president in a close second to Biden.

Persons: Kamala Harris, Harris, Julie Chavez Rodriguez, Biden, Joe Biden, There's, Harris confidants, Donald Trump's, Bill Barr, Jeff Sessions, Brett Kavanaugh, Trump's, Kamala, Trump, Dmitri Mehlhorn, Reid Hoffman, Mark Kelly, Andy Beshear, Roy Cooper, Josh Shapiro, Andrew Bates, Susan Lowenberg's, there's, Lloyd Doggett, Nancy Pelosi, Jim Clyburn, Pelosi, PredicIt, PredictIt, Gavin Newsom Organizations: U.S . Air Force Academy, Commission, Democratic National Convention, Biden, Democratic, White, Democratic Party, Black, Ukraine, Trump, CNBC, New York Times, CNN, NBC News, San Francisco, Former, MSNBC, California Gov Locations: Colorado Springs , Colorado, U.S, Chicago, Germany, Iowa, California, San Francisco, Texas

☆ Gold at near 2-week high as soft U.S. data lifts Fed rate-cut bets
▼ + stars: | 2024-07-03 | by ( ) www.cnbc.com time to read: +2 min

Gold prices were flat on Wednesday as investors awaited minutes of the Federal Reserve's last policy meeting for fresh cues on when the U.S. central bank will start cutting interest rates. Gold prices rose more than 1% to a near two-week high on Wednesday, driven by increased bets for a September interest rate cut by the Federal Reserve after recent U.S. data suggested that the labor market was softening. "Bulls are trying to get ahead of what many believe will finally be a weak payrolls report on Friday," he added. [USD/The market now sees a 68% chance of the Fed cutting interest rates in September as well as another cut in December. Elsewhere, spot silver rose 3.4% to $30.52 per ounce, platinum gained 1.8% to $1,008.50 and palladium climbed 2.7% to $1,049.

Persons: Tai Wong Organizations: Federal Reserve, Bulls Locations: U.S, New York

☆ Online-gambling giants conquer U.S. with tactics deemed too tough for Britain
▼ + stars: | 2024-07-03 | by ( ) www.cnbc.com time to read: +22 min

NYSEIn 2018, British regulators sanctioned the UK arm of online gambling giant Flutter after it failed to catch an astonishing anomaly. The United States is Flutter's largest and fastest-growing market in terms of revenue. Both online sports betting and online casinos have been legal and regulated far longer in Britain than in the United States. But in the United States, Flutter doesn't place such limits on the age group. Around a decade ago, British politicians became concerned about a rise in gambling-linked fraud and suicides involving online VIP customers.

Persons: Peter Jackson, America —, Amit Patel, Patel, Alex King, King, FanDuel, Chris Ratcliffe, haven't, hasn't, Jackson, weren't incentivized, Flutter's FanDuel, Entain, Rob Wood, BetMGM, Paul Tonko, Tonko, Entain's Wood, —, Joe K, Joe, Pavlo Gonchar, Rob Gronkowski, Jamie Foxx, Foxx, Gronkowski, Goldman Sachs, who'd, Betfair, Entain's, Felicia Grondin, Silquia Patel, Eduardo Munoz, Flutter's, Chris Jones, Josh Giaramita Organizations: MGM, New York Stock Exchange, NYSE, Flutter's U.S, Jacksonville Jaguars, Reuters, Fanduel Inc, Bloomberg, Getty, The New York Stock Exchange, NYSE BetMGM, MGM Resorts International, MGM Resorts, New York Democrat, U.S, Lightrocket, Supreme, American Gaming Association, New York, Gaming Commission Locations: America, Edinburgh, Britain, United States, Dublin, U.S, British, BetMGM, New Jersey, States, United Kingdom, Ireland, New York, East Rutherford , New Jersey, FanDuel

☆ London-based NatCap helps companies manage their nature risk. Check out the 10-slide pitch deck it used to raise $10 million.
▼ + stars: | 2024-07-03 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewNatCap, a UK startup that helps businesses understand their sustainability risks, has raised $10 million in Series A funding. The startup provides businesses with a tech platform to help them understand their risks and opportunities regarding natural issues, from water risk to biodiversity. This story is available exclusively to Business Insider subscribers. NatCap CEO Sebastian Leape told Business Insider that a "culture change" in recent years meant sustainability issues were "now top of mind" for businesses.

Persons: —, Sebastian Leape, André Hoffmann, David Craig, Leape Organizations: Service, Oxford University, Business, Sustainable Finance, Tesco, Carbon, Norinchukin, Yeo Ventures, Pelican, Oxford Science Enterprises Locations: Europe, Japan

President Biden should do the same,” Doggett said in his statement Tuesday. “There’s a large and increasing group of House Democrats concerned about the president’s candidacy, representing a broad swath of the caucus,” another House Democratic lawmaker told CNN on condition of anonymity to speak candidly. They have held off going to Biden directly, hoping he would make the decision himself, but patience is wearing thin, multiple Democrats told CNN, amid signs that Biden has taken no steps to seriously consider the mounting concerns. President Joe Biden, first lady Jill Biden, and their granddaughters Finnegan and Natalie Biden head to Camp David on June 29, 2024. House Democrats are deep into their own polling, assessing how much damage has been done.

Persons: Joe Biden’s, Lloyd Doggett of, Lyndon Johnson, Biden, ” Doggett, “, ”, ” Biden, George Stephanopoulos, Camp David, Obama, Barack Obama’s, Mitt Romney, Mike Quigley, Kasie Hunt, who’s, Nancy Pelosi, ” Pelosi, Donald Trump, Trump, Kamala Harris, Hakeem Jeffries, Jeffries, Jill Biden, “ Joe isn’t, …, Delaware Sen, Chris Coons, George W, Sen, Sheldon Whitehouse, Joe Biden, Finnegan, Natalie Biden, Haiyun Jiang, —, Jen O’Malley Dillon, Andrew Weinstein, Phil Murphy, ” Murphy, CNN’s Brianna Keilar, Jake Tapper, Annie Grayer Organizations: CNN, Democratic, House Democrats, Biden, ABC News, Camp, Republican, Capitol Hill Democratic, ”, House, Senate, MSNBC, California Democrat, Monday, “, Trump, Democratic National Convention, Democratic Party, Hamptons, Saturday, ABC, White, New York Times, Minnesota, New York Times Editorial, Democratic National Committee, campaign’s National Finance Committee, New Locations: Delaware, Lloyd Doggett of Texas, California, North Carolina, Virginia, New Jersey, Rhode Island, Wilmington, ”, Michigan, Ukraine

☆ Stocks making the biggest moves premarket: Chewy, Birkenstock, GameStop and more
▼ + stars: | 2024-07-01 | by ( Hakyung Kim | ) www.cnbc.com time to read: +1 min

Boeing , Spirit AeroSystems — Boeing on Monday said it would buy back fuselage maker Spirit AeroSystems in a $4.7 billion all-stock deal. Boeing shares dipped 0.3%, while Spirit AeroSystems shares popped 4.5%. Verizon — Shares ticked up 0.5% after Goldman Sachs initiated coverage with a buy rating. Verizon shares will rise amid an improving competitive backdrop in the telecommunications industry, according to Goldman Sachs. Intercontinental Exchange — The financial exchange's shares rose 1.4% on the back of a Goldman Sachs upgrade to buy from neutral.

Persons: Kitty, Goldman Sachs, Goldman, —, Alex Harring, Sarah Min, Michelle Fox Organizations: UBS, GameStop, Boeing, Verizon, Intercontinental Exchange, Nvidia

☆ Gold holds ground as slowing inflation boosts Fed rate-cut bets
▼ + stars: | 2024-07-01 | by ( ) www.cnbc.com time to read: +2 min

Gold prices held steady on Monday after data showed U.S. inflation subsided, bolstering hopes that the Federal Reserve will start cutting interest rates this year. Gold prices held steady on Monday after data showed U.S. inflation subsided, bolstering hopes that the Federal Reserve will start cutting interest rates this year. Data showed on Friday that the personal consumption expenditures index, increased 2.6% after advancing 2.7% in April. But, "any failure to defend the $2,280 level ahead may potentially pave the way for gold prices to head towards the $2,200 next". Spot silver dipped 0.2% to $29.06, platinum fell 0.7% to $986.08 and palladium held steady at $972.74.

Persons: Yeap Jun Rong, Jerome Powell Organizations: Federal Reserve, ANZ

☆ Shares of Wells Fargo and Morgan Stanley rise on plans to raise their dividends
▼ + stars: | 2024-07-01 | by ( Morgan Chittum | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Shares of Morgan Stanley and Wells Fargo climbed 1% and 0.7%, respectively, after the banks announced a boost to their dividend payouts Friday evening. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Raymond James, Morgan Stanley, Wells Fargo, Wells, necrotizing, Abbott, Jim Cramer's, ABT, Jim Organizations: CNBC, Facebook, Federal, Barclays, Abbott Labs, Wall Street

☆ Stocks surged during the first half of 2024. What’s next?
▼ + stars: | 2024-07-01 | by ( Krystal Hur | ) edition.cnn.com time to read: +8 min

Much of the S&P 500’s gains were concentrated in the Magnificent Seven big tech names, while other stocks lagged behind. Coming into this year, Wall Street projected that the Fed would ease rates as many as six times in 2024. What could be in store for the stock market during the second half of 2024? “I feel very, very good about the values of my three children, and I have 100% trust in how they will carry things out,” Buffett told the Journal. Previously, Buffett had said his will stated that more than 99% of his estate was earmarked for philanthropic usage to the Bill & Melinda Gates Foundation and the four charities connected to his family: the Susan Thompson Buffett Foundation, Sherwood Foundation, Howard G. Buffett Foundation and NoVo Foundation.

Persons: there’s, Bell, Kevin Gordon, Charles Schwab, you’ve, It’s, we’re, it’s, I’d, That’s, Warren Buffett, Buffett, Berkshire Hathaway, Melinda Gates, ” Buffett, Susan Thompson Buffett, Howard G, Read, Matt Egan, unstuck, —, Michael Gapen Organizations: CNN Business, Bell, New York CNN, Dow Jones, Nasdaq, Nvidia, Federal Reserve, Wall, Fed, Berkshire, Wall Street, Melinda Gates Foundation, Gates, Susan Thompson Buffett Foundation, Sherwood Foundation, Buffett Foundation, NoVo Foundation, Gates Foundation, Bank of America, CNN Locations: New York, America

☆ These retail traders lost big in the first meme stock episode. Here's why they won't stop betting on GameStop.
▼ + stars: | 2024-06-29 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +5 min

GameStop stock is still the fascination of day traders, even after many saw big losses in 2021. The allure of striking it rich on the meme stock is too great to ignore, traders told BI. Business Insider spoke with retail traders, who asked to use only their first name for privacy, about how past losses are impacting their decision to go long GameStop again. Still, he couldn't help himself from scooping up more GameStop shares when the stock rocketed higher this year. Advertisement"I dabbled a little bit with this current uptrend, certainly nowhere near the levels I was putting in before.

Persons: they're, —, Keith Gill —, Dan, couldn't, Brian, I've Organizations: GameStop, Service, Business, lotto Locations: Reddit, Gill's, California

☆ An inside look at the workings of the 4-part arbitrage and momentum quant strategy driving an award-winning fund that's beaten 99% of its peers
▼ + stars: | 2024-06-29 | by ( Laila Maidan | ) www.businessinsider.com time to read: +6 min

For the ATRFX fund, this means betting on currencies, equities, commodities, and bonds, but not in a direct way. Instead, it employs everything from arbitrage strategies, riding out momentum and interest rates, or sitting on the sidelines when it's choppy. Over the last couple of years, higher interest rates have brought in some good yields. Related storiesOne step further is to arbitrage interest rates across currencies. Investors can do this by identifying national currencies with low interest rates, borrowing in that currency, and then lending in the currencies with higher interest rates.

Persons: David Miller, ATRFX, Miller, It's, that's, Yen, it's Organizations: Service, Systematic Alpha Fund, Business, Catalyst Capital Advisors, BNP Paribas, BNP, Commodities Commodities, Bloomberg, Federal Reserve

☆ SoftBank shares rise on $1.86 billion debt offering as CEO talks up 'super' AI
▼ + stars: | 2024-06-28 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., speaks during the company's annual general meeting in Tokyo, Japan, on Friday, June 20, 2024. SoftBank on Friday announced plans to issue euro and dollar-denominated bonds as it looks to pay down debt and focus its investments on artificial intelligence. The huge Japanese holding company said it will issue around $900 million in U.S. dollar-denominated bonds in two tranches, and 900 million euros ($962.8 million) worth of bonds, also in two tranches. SoftBank said the money raised will be used for "repayment of indebtedness and for general corporate purposes." Its shares closed up 2.5% after news of the bond issuance.

Persons: Son, SoftBank Organizations: SoftBank Group Corp, . Locations: Tokyo, Japan

☆ Why ESPN's sports-betting app is falling behind — and how it could make a comeback
▼ + stars: | 2024-06-28 | by ( Ashley Rodriguez | Tiara White | ) www.businessinsider.com time to read: +7 min

The future of ESPN's sports-betting app is now in question amid mounting losses and an activist investor push at partner Penn Entertainment that has prompted sale rumors. The app, ESPN Bet, made early strides in the first few months, gaining ground through promotions and marketing that leveraged ESPN's popular personalities. As of March, ESPN Bet had captured about 4% of the online-sports-betting market by gross gaming revenue, per Bank of America's analysis, though its share has been higher in states like Pennsylvania. "Testers liked ESPN Bet's UX and minty aesthetic but felt the app lacked depth (particularly more extensive features)," EKG wrote in May. "Product is one thing, and I would say having expertise in how to target users effectively to lower your acquisition costs and your retention costs" is key for the ESPN Bet app to compete, Wasiolek said.

Persons: —, FanDuel, Dan Wasiolek, Will Wyatt, Penn's, Jay Snowden's, Boyd, Penn, ESPN Bet's, hasn't, it's, Barry Jonas, Scott Van Pelt, Stephen A . Smith, ESPN Bet, Penn doesn't, Jonas, EKG, Snowden, Wasiolek, they'll Organizations: Service, ESPN, Penn Entertainment, Business, ESPN Bet, Morningstar, Donerail Group, Barstool Sports, Penn, Reuters, Boyd Gaming, Truist Securities, Barstool, ESPN Bet's, NFL, Management Locations: Barstool, Penn, Pennsylvania, Eilers

☆ Why Britain’s Murky Election Betting Scandal Is Causing Outrage
▼ + stars: | 2024-06-28 | by ( Rory Smith | ) www.nytimes.com time to read: +1 min

Five weeks ago, the British prime minister bet the house on his belief that a summer election might offer his Conservative Party a better chance of holding onto power than waiting until the fall. Calling a snap election served as Mr. Sunak’s last roll of the dice. Reviewing data from the week before Mr. Sunak’s announcement, bookmakers noticed a spike in bets being placed on the election date. The amounts being staked were small — totaling just a few thousand pounds — but the sudden frenzy of activity was enough to warrant further investigation. It also encapsulates how some parts of the electorate perceive the party that has governed Britain for 14 years.

Persons: Rishi Sunak’s, Sunak’s Organizations: Conservative Party, Conservatives Locations: Britain

☆ Why ESPN's rival to FanDuel and DraftKings is flailing — and how it could make a comeback
▼ + stars: | 2024-06-28 | by ( Ashley Rodriguez | Tiara White | ) www.businessinsider.com time to read: +7 min

The app, ESPN Bet, made early strides in the first few months, gaining ground through promotions and marketing that leveraged ESPN's popular personalities. Even Fanatics, the industry's other major recent disrupter, hasn't made much of a dent in DraftKings' and FanDuel's dominance. As of March, ESPN Bet had captured about 4% of the online-sports-betting market by gross gaming revenue, per Bank of America's analysis, though its share has been higher in states like Pennsylvania. How ESPN Bet can make a comebackPenn could still be successful if it improves its product and spends less money on acquiring new customers, the analysts said. Jonas said if Boyd acquires Penn, it would be a sizable shift in strategy for their management, team, and board.

☆ Stock market today: US edge higher amid mixed earnings and ahead of PCE inflation data
▼ + stars: | 2024-06-27 | by ( Max Adams | ) www.businessinsider.com time to read: +3 min

Stocks edged higher on Thursday ahead of PCE inflation data set to be released on Friday. Jobless claims rose less that expected last week, with 233,000 people seeking unemployment benefits. AdvertisementUS stocks edged higher on Thursday as traders assessed corporate earnings and waited on new inflation data to help inform rate-cut bets heading into the second half of 2024. AdvertisementOn the macro front, jobless claims were lower than expected, declining by 6,000 to 233,000 for the week ending June 22. Finally, traders are preparing to digest the latest personal consumption expenditures data, which is the Fed preferred inflation measure.

Persons: Walgreen, —, they've, Chris Zaccarelli Organizations: Micron, Service, Nvidia, Walgreens, Federal Reserve, Here's

☆ Joshua Kushner's Thrive Capital makes a further push into entertainment, backing A24, the studio behind Euphoria and Uncut Gems
▼ + stars: | 2024-06-26 | by ( Ben Bergman | Lucia Moses | ) www.businessinsider.com time to read: +1 min

Thrive Capital backs A24, adding Hollywood to its diverse investment portfolio. A24 is famous for hits like "Everything Everywhere All At Once" and HBO's "Euphoria." 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 . This story is available exclusively to Business Insider subscribers.

Persons: Joshua Kushner, —, Slack, Hims, Bird Organizations: Hollywood, Service, Spotify, Plaid, Business Locations: New York

☆ Analysis, fits for all 58 NBA Draft picks from John Hollinger and Sam Vecenie
▼ + stars: | 2024-06-26 | by ( John Hollinger | Sam Vecenie | ) www.nytimes.com time to read: +109 min

He’s going to be a killer rebounder, monster screener and will consistently establish his position even against some of the stronger NBA players. I’m done doubting Edey, even as an NBA player. As an enormous ballhandler with serious touch and incredible vision as a passer, Topić is clearly an NBA player, even if it doesn’t all translate. Shannon is an elite athlete, but the NBA game requires more nuance, especially if he continues to be an inconsistent shooter. However, I also think he’s more than just a floor spacer on offense in spot-up situations and potentially as an off-ball scorer.

Persons: Read Sam Vecenie’s, Sam Vecenie, John Hollinger, Zaccharie Risacher, Zaccharie, Risacher, he’s, he’d, —, Saddiq Bey, De’Andre Hunter, Jalen Johnson, Dejounte Murray, Alexandre Sarr, Chet Holmgren, Victor Wembanyama, Myles Turner, Wembanyama, Holmgren, Nic Claxton, Kyle Kuzma, Flagg, Reed Sheppard, Sheppard, Sheppard isn’t, he’ll, Lonzo, Tyrese Haliburton, savants, Houston couldn’t, He’s, Donovan Clingan, Ron Holland, Holland, haven’t, don’t, Aaron Gordon, Cade Cunningham, Trajan Langdon, Tidjane, it’s, Mark Williams, Miles Bridges, Jarrett Allen, Deandre Ayton, Clingan, Ayton, Robert Dillingham, Dillingham, Tyrese Maxey —, Maxey, Trae Young, Ja Morant, Morant, Young, Dennis Schröder, Mike Conley, Zach Edey, Edey, I’m, Joel Embiid, Zach Kleiman, It’s, Devin Carter, Matas, Cody Williams, Williams, isn’t, We’re, Buzelis, Patrick Williams, Nikola Topić, Nikola Djurišić, Topić, “ Vasa, Shai Gilgeous, Alexander, Carter, Carlton “ Bub ” Carrington, Bub Carrington, Carrington, White, Will, Kel’el Ware, Ware, doesn’t, Wood, There’s, Thomas Bryant, Orlando Robinson, Bam Adebayo, Philadelphia 76ers Jared McCain, Duke Vecenie’s, Jared McCain, McCain isn’t, Seth Curry, McCain, Dalton Knecht, He’ll, Knecht, Will Hardy, Erik Spoelstra, Tristan da Silva, Tristan da Silva’s, da Silva, Jett Howard, Da Silva, Johnny Furphy, Ja’Kobe Walter, Walter, Gary Trent Jr, Bruce Brown, Isaiah Collier, Scottie Barnes, RJ Barrett, Jaylon Tyson, Tyson, Yves Missi, Yves Missi’s, Clint Capela, Zion Williamson, Missi, Jonas Valančiūnas, Larry Nance Jr, DaRon Holmes, Holmes, Jaylin Williams, Zeke Nnaji, A.J, Johnson, Jackson, Giannis, Kyshawn George, Kyle Anderson, George, Washington, George ., Dadiet, evaluators, Tobias Harris, Harris, Dillon Jones, Jones, Cason Wallace, Lu Dort, Alex Caruso, Nikola, rebounder, Minnesota Timberwolves Terrence Shannon Jr, Terrence Shannon, Shannon, Bart Torvik’s, Buddy Hield, Jimmer Fredette, Chris Duarte, Ochai Agbaji, Matisse, Marshon Brooks, Quincy Pondexter, Lazar Hayward, Davon Reed, Carrick Felix, Orlando Johnson, Hield, Phoenix Suns Ryan Dunn, Ryan Dunn, I’ve, Herb Jones —, Dunn, Derrick Jones Jr, Herb Jones ’, Hollinger, Joanna Gaines, Utah Jazz Isaiah Collier, Collier, Kris Dunn, Baylor, Creighton Vecenie’s, Baylor Scheierman, closeouts, didn’t, Toronto Raptors Jonathan Mogbo, Francisco Vecenie’s, Jonathan Mogbo, Utah Jazz Kyle Filipowski, Kyle Filipowski, Kristaps, Nikola Jokić, Brook Lopez, Duke, Milwaukee Bucks Tyler Smith, Tyler Smith, Smith, let’s, AJ Johnson, Christian Wood, Bobby Portis, Tyler Kolek, Jalen Brunson, Antonio didn’t, Juan Núñez, Juan Núñez’s, Monte Morris, — Morris, McConnell, Sergio Rodriguez, Rodriguez, Núñez, Klintman, Ajay Mitchell, UC Santa Barbara Vecenie’s, Mitchell, Wells, wasn’t, Oso, Ighodaro, Nikola Vučević, Philadelphia 76ers Adem Bona, Adem Bona, Bona, Paul Reed’s, Charlotte Hornets K.J, Simpson, Simpson isn’t, AJ Griffin, Djurišić, Pelle Larsson, Pelle Larsson’s, Larsson, Duncan Robinson, Jamal Shead, Eric Bledsoe, Patrick Beverley, Shead, I’d, Kyle Lowry, Cam Christie, Christie, Nickeil Alexander, Walker, Max, Antonio Reeves, Reeves, He’d, Nate Duncan, hadn’t, That’s, Jordan Hawkins, San Antonio Spurs Harrison Ingram, Harrison Ingram, Ingram, Newton, Tristen Newton, . Indiana Pacers Enrique Freeman, Enrique Freeman, Paul, Millsap, Freeman, Melvin Ajinça, Quentin Vecenie’s, Ajinça, Trent, Cam Spencer, Spencer doesn’t, Spencer, Luke Kennard’s, Boston Celtics Anton Watson, Gonzaga Vecenie’s, Anton Watson, He’s switchable, Watson, James, Bronny James, that’s, Still, LeBron James, Kevin McCullar Jr, Kevin McCullar, Ulrich Chomche, Ariel Hukporti, Tristan Vukčević, Khalifa Diop, Karlo Matković, Marko Simonovic, Luke Hales Organizations: Hawks, Atlanta, Perth Wildcats, Defense, NBA, Wizards, Kentucky, Wildcats, UCLA, Tyrese, Iowa State, Stephon, Spurs, Ignite, League, Pistons, Deandre, Minnesota Timberwolves, 76ers, Dillingham, Purdue, IMG, intel, Grizzlies, Edey, Memphis, Colorado, Sunrise, Lithuanian GM, Bulls, Crvena Zvezda Vecenie’s, Mega, Red Star, doesn’t, Oklahoma City, Providence Vecenie’s, Sacramento, Kings, Washington Wizards, Blazers, Carlton, Pittsburgh, Indiana, Philadelphia 76ers, Duke, McCain, Philadelphia, Sixers, Tennessee, Lakers, NCAA Tournament, Baylor, Houston, Denver Nuggets, Suns, Dayton Vecenie’s, Nuggets, Denver, Ilawarra Hawks, Jackson, Bucks, Miami, New York Knicks, Ratiopharm Ulm, Knicks, Oklahoma City Thunder, Weber State, Golden State Warriors, Illinois, Wolves, Phoenix Suns, Virginia Vecenie’s, Alabama, Mavericks, Dallas, Utah Jazz, USC, Trojans, Jazz, Baylor Scheierman, Celtics, Hoop, Toronto Raptors, Francisco, Raptors, Brook, Utah, Milwaukee Bucks, Marquette, Mikal Bridges, . Indiana Pacers, SAS, Kansas, San Antonio Spurs, today’s NBA, Ratiopharm, Detroit Pistons, Cairns, UC Santa Barbara, Belgian, Thunder, Memphis Grizzlies, Washington, Washington State, Charlotte Hornets, Atlanta Hawks, G League, Rockets, Miami Heat, Arizona, SAC, Summer League, Minnesota, Pelicans, Clippers, New Orleans Pelicans, North Carolina Vecenie’s, Stanford, Ingram, Pacers, UConn, Akron Vecenie’s, Louisiana Tech, MAC, Dallas Mavericks, Saint, Boston College Vecenie’s, Boston College, Boston Celtics, Gonzaga, Los Angeles Lakers, G, NBA Academy Africa, NBA Academy, Melbourne United Locations: Zaccharie, Indiana, Washington, Kentucky, Iowa, Haliburton, Sheppard, Connecticut, San Antonio, Detroit, Portland, Dillingham, Minnesota, Memphis, Colorado, Lithuanian, Chicago, Oregon, Miami, Philadelphia, Tennessee, Utah, California, Atlanta, Orleans, Oklahoma, Dayton, Denver, Fla, Swiss, Dadiet, New York, Shannon, Kansas, Alabama, Virginia, Collier, Boston, Oklahoma City, Milwaukee, Marquette, He’s, Europe, Spain, Spanish, Ratiopharm Ulm, Núñez, NY, OKC, Arizona, Philly, Charlotte, ORL, North, Newton, Akron, Ajinça, Africa, DAL, Cleveland

☆ This stock is 'one of the cheapest ways' to play India's infrastructure boom, fund manager says
▼ + stars: | 2024-06-25 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Causeway Capital Management's Arjun Jayaraman is bullish on one pure-play infrastructure stock: REC , a company which issues loans to power utilities and to other infrastructure. "It is one of the cheapest ways to play infrastructure," the portfolio manager told CNBC Pro Talks last week. Jayaraman manages Causeway's Emerging Markets Fund and International Opportunities Fund . Though he called the Indian market a "very strong growth story," he said he would focus on its small- to mid-cap segment. "Since India is a strong secular growth market, we would say the mid and small-cap [market] is the place to be.

Persons: Arjun Jayaraman, Jayaraman, Narendra Modi Organizations: Investments, CNBC, International, REC, Markets Fund, Fund Locations: India, bullish

☆ Traders have poured $5 billion into leveraged Nvidia ETFs. They're up 425% even after the stock's big wipeout.
▼ + stars: | 2024-06-25 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

AdvertisementA new type of exchange-traded fund has made waves over the past year: the leveraged single-stock ETF. The T-REX 2X Long NVIDIA Daily Target ETF is up 425% year-to-date. The GraniteShares 2x Long NVDA ETF, the T-REX 2X Long Nvidia Daily Target ETF, and the Direxion Daily NVDA Bull 2X Shares ETF have amassed a collective $5 billion in assets under management. AdvertisementHowever, that success hasn't exactly translated into the other single-stock leveraged ETFs that target popular mega-cap technology stocks. The T-REX 2X Long Tesla Daily Target ETF, the Direxion Daily TSLA Bull 2X Shares, and the GraniteShares 2x Long TSLA Daily ETF have a combined $1.5 billion in assets under management.

Persons: —, I've, Tesla Organizations: Nvidia, Service, NVIDIA Daily Target, Nvidia Daily Target ETF, Apple, Microsoft, Tesla, Target ETF Locations: NVDL

☆ How Delta made itself America's luxury airline — and what United wants to do about it
▼ + stars: | 2024-06-25 | by ( Leslie Josephs | ) www.cnbc.com time to read: +16 min

Rival United Airlines — second to Delta in net profit margins — is circling. Delta plans to open Delta One lounges in Boston and Los Angeles later this year, and is studying airports where it could open others. Like other airlines, Delta accepted billions in federal aid to weather the pandemic. Luxury air travel and the United States didn't go together for many years — and might not still, if you ask well-heeled globetrotters. And at Delta and other airlines, many of the perks for luxury flyers come through lounges.

Persons: Benoit Tessier, Ed Bastian's, Bastian, Ed Bastian, John F, Raymond James, Savanthi Syth, Andrew Nocella, Patrick Quayle, Quayle, Richard Anderson, Anderson, Delta, Barack Obama's, They're, Shai Weiss, Claude Roussel, Joe Biden, United States didn't, Henry Harteveldt, Scott Kirby Organizations: Airbus, Delta Air Lines, Reuters Delta Air Lines, Transportation Department, Rival United Airlines —, CNBC, Delta Air Lines Inc, Bloomberg, Getty, American Express, Kennedy International Airport, United, Boeing, U.S, Labor, Southwest Airlines, U.S ., JetBlue Airways, Delta, Corporate, Northwest Airlines, Endeavor, Virgin, American, Sky Club, New, LaGuardia, Etihad Airways, Singapore Airlines, Atmosphere Research, Airlines, Sky Clubs, Los Angeles International Airport, JFK, American Airlines, JPMorgan, Consumer Electronics, Starbucks Locations: punctuality, New York, Delta, Chicago, Boston, Los Angeles, Dubrovnik, Croatia, Amman, Jordan, Cape Town , South Africa, Atlanta, U.S, Queens, N.Y, United, Tokyo, York, United States, Las Vegas

☆ Dollar steady ahead of inflation reading; yen teeters toward 160
▼ + stars: | 2024-06-24 | by ( ) www.cnbc.com time to read: +3 min

The dollar was steady on Monday as traders looked ahead to fresh clues on the U.S. inflation path that will likely influence interest rates, while talk from Japanese authorities did little to temper the yen's decline back the round number of 160. The dollar was steady on Monday as traders looked ahead to fresh clues on the U.S. inflation path that will likely influence interest rates, while talk from Japanese authorities did little to temper the yen's decline back the round number of 160. The yen weakened to 159.94 per dollar in early trade on Monday, its lowest since April 29, when the yen touched a 34-year low of 160.245 leading to Japanese authorities spending some 9.8 trillion yen to support the currency. "The combination of slowing activity, a loosening labor market and slower inflation readings make us increasingly confident that the Fed will begin reducing policy rates in September," Citi said. The Australian dollar was last at $0.6640 and the New Zealand dollar was little changed at $0.6113.

Persons: Masato Kanda, Carol Kong, Emmanuel Macron, Christopher Wong Organizations: Bank of, Commonwealth Bank of Australia, Reuters, Citi, Fed, National, New Zealand Locations: Japan, U.S

☆ Betting scandal inside the UK's ruling Conservative Party mars election race
▼ + stars: | 2024-06-24 | by ( April Roach | ) www.cnbc.com time to read: +2 min

LONDON — Britain's ruling Conservative party has become embroiled in a scandal concerning allegations that senior officials used inside knowledge to win bets on the date of the general election. Nick Mason, chief data officer for the Conservative Party, is the latest Tory official to be probed by the Gambling Commission, according to a report in The Sunday Times. CNBC was unable to immediately confirm this and the Conservative Party has not yet responded to a request for comment. Conservative MP for Montgomeryshire Craig Williams, who is also a close aide to the prime minister, was the first to face questions regarding a bet on the election date. The Conservative Party's campaign director Tony Lee, and his wife, Laura Saunders — the party's candidate in Bristol North West — are also being looked into by the Gambling Commission.

Persons: Rishi Sunak, Sunak, Nick Mason, Sunday Times . Mason, Montgomeryshire Craig Williams, Williams, Tony Lee, Laura Saunders —, Lee, Saunders Organizations: Conservative, Conservative Party, Tory, Gambling, Sunday Times, British, CNBC, Montgomeryshire, Bristol North, Commission, Independent, Metropolitan Police, Professional, Independent Office, Police

☆ Netflix just tweaked its famous 'keeper test' used to drive out underperformers
▼ + stars: | 2024-06-24 | by ( Ana Altchek | ) www.businessinsider.com time to read: +4 min

Read previewNetflix overhauled its famous culture memo — and that means a new line added about its "keeper test" used by managers to determine if they should fire an employee. Netflix has long been known to operate its business like a sports team, not a family, and the keeper test is part of that culture. AdvertisementThe keeper test has since evolved to, "If X wanted to leave, would I fight to keep them?" Related stories"In the abstract, the keeper test can sound scary," Netflix says in the latest version of its culture memo. In the abstract, the keeper test can sound scary.

Persons: —, X, Reed Hastings, Greg Peters, Peters Organizations: Service, Business, Netflix

☆ Europe stocks look set to extend gains after BOE rate hold, Swiss cut; UK retail sales beat forecast
▼ + stars: | 2024-06-21 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Jack Taylor | Getty Images News | Getty ImagesLONDON — European stocks are heading for a cautiously higher open Friday as investors monitor a slew of central bank decisions and data releases. The pan-European Stoxx 600 index is on course for a weekly gain of more than 1.5%, its best performance since early May. Attention this week turned to central bank action, as the Swiss National Bank announced it would cut interest rates by 0.25 percentage points to 1.25%. The SNB became the first major central bank to cut rates during this cycle back in March. The Bank of England meanwhile kept interest rates unchanged at a 16-year high of 5.25%.

Persons: Jack Taylor Organizations: Getty, Equity, European Union Parliament, Reuters, Swiss National Bank, Bank of England Locations: Godalming, United Kingdom, France

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