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☆ MSA Capital's Ben Harburg explains why he is investing in China
▼ + stars: | 2023-08-17 | 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 EmailMSA Capital's Ben Harburg explains why he is investing in ChinaBen Harburg, MSA Capital managing partner, joins 'Squawk on the Street' to discuss China's struggling economy, investment opportunities amid the uncertain times, and more.

Persons: Ben Harburg, China Ben Organizations: Capital Locations: China, China Ben Harburg

☆ Hedge funds bought these Chinese technology stocks in the second quarter
▼ + stars: | 2023-08-16 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Big investors took a selective approach to China-based technology stocks in the second quarter, recent regulatory filings suggest. Technology stocks continued their upward trend during the second quarter, including a slew of 2022's China-based tech losers. The fund scooped up a fresh position in e-commerce company JD.com worth nearly $64 million, and bought up China-focused exchange-traded funds KraneShares CSI China Internet (KWEB) and iShares China Large-Cap (FXI) . Other hedge funds raising bets on the company included Third Point's Dan Loeb, while Viking Global's Ole Andreas Halvorsen opened a minor stake worth $77.7 million. Not every investor bet big on the sector during the second quarter.

Persons: David Tepper's, Point's Dan Loeb, Ole Andreas Halvorsen, Baidu, Management's Philippe Laffont, Dan Sundheim, Tiger Global's Chase Coleman, — CNBC's Michael Bloom Organizations: Technology, Reuters, Retail, CSI China Internet, Viking, Li, PDD Holdings, Kanzhun Locations: China, Alibaba

☆ Cramer's Lightning Round: Raytheon is a buy
▼ + stars: | 2023-08-16 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Evolv's year-to-date stock performance. Stock Chart Icon Stock chart icon Digital World Acquisition's year-to-date stock performance. Stock Chart Icon Stock chart icon Raytheon's year-to-date stock performance. Stock Chart Icon Stock chart icon Paysafe's year-to-date stock performance. Stock Chart Icon Stock chart icon Prospect Capital's year-to-date stock performance.

Persons: it's, I've Organizations: Raytheon, Visa, Mastercard, Prospect

☆ David Einhorn is worried about the market, sees stickier inflation than expected
▼ + stars: | 2023-08-14 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Greenlight Capital's David Einhorn said he's getting concerned about the stock market after a strong rally and has added sizable downside protection to his portfolio. Between January and June, the S & P 500 popped 15.9% for its best first half since 2019. Einhorn, 54, believes inflation remains a big risk even though data has suggested easing price pressures. Recent inflation readings have shown a noted deceleration and the tailwind from higher rents is likely to dissipate, causing core inflation to fall further," Einhorn said. "Even so, we believe inflation is stickier and more entrenched than the market is currently appraising."

Persons: Greenlight Capital's David Einhorn, he's, Einhorn, Michael Burry Organizations: CNBC, Green Brick Partners, Nasdaq, Trust, NET

☆ 'Soft landing' remains dominant narrative in markets, says iCapital's Anastasia Amoroso
▼ + stars: | 2023-08-14 | 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 Email'Soft landing' remains dominant narrative in markets, says iCapital's Anastasia AmorosoAnastasia Amoroso, chief investment strategist at iCapital, joins 'Squawk on the Street' to discuss this week's upcoming retail sales data, the potential for a 'soft landing' and what could push interest rates higher.

Persons: iCapital's Anastasia Amoroso Anastasia Amoroso

☆ Sarajevo Film Festival opens with tribute to music and movies in times of war
▼ + stars: | 2023-08-12 | by ( Daria Sito-Sucic | ) www.reuters.com time to read: +2 min

The Sarajevo Film Festival, which was founded towards the end of the Bosnian war by a group of film enthusiasts, has become southeastern Europe's largest such event, showcasing 235 films this year. After the end of the Bosnian war, in 1997, U2 staged a huge concert in Sarajevo, which Bono ended by urging the crowd to "Kiss the Future". "Culture was one of the main things that gave us the power to survive that period," said Mirsad Purivatra, a founder of both the wartime cinema and the Sarajevo Film Festival. He described how people would pack into the basement to attend cultural events and meet friends, rushing home before curfew. Images of filmgoers and the underground rock shows by photographer Milomir Kovacevic Strasni are being displayed for an exhibition taking place to mark the 30th anniversary of the Apollo wartime cinema as part of the film festival.

Persons: Dado, Bono, Matt Damon, Ben Affleck, Mirsad Purivatra, Milomir Kovacevic, Daria Sito, Helen Popper Our Organizations: Sarajevo Film, Cinema, Hollywood, Academy of Performing Arts, Apollo, Reuters, Thomson Locations: Sarajevo, Bosnia, Herzegovina, SARAJEVO, Bosnian

☆ Stablecoins give the U.S. a way to make the dollar ‘relevant’ again, says Valor Capital's Brooks
▼ + stars: | 2023-08-11 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Stablecoins may be crypto's killer app, but there needs to be regulation in place to allow them to flourish – which could benefit the U.S. dollar, according to Brian Brooks, a partner at Valor Capital Group. "In many countries where you can't get a dollar bank account, stablecoins are your best solution." "If only the U.S. government would create a framework that allows dollars to back stablecoins in a regulated way, that demand would flourish," he continued. This week, payments giant PayPal launched its own dollar-backed stablecoin – a first for a major U.S. financial institution. "Demand for [stablecoin products are] a way for us to make the dollar relevant again at a time when governments around the world are looking to decouple from the dollar," said Brooks.

Persons: Brian Brooks, Brooks –, –, Biden, they've, Bernstein, Brooks, It's Organizations: U.S ., Valor Capital, PayPal, United States Locations: U.S, United

☆ Services inflation is still being very stubborn, says Short Hills Capital's Steve Weiss
▼ + stars: | 2023-08-11 | 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 EmailServices inflation is still being very stubborn, says Short Hills Capital's Steve WeissCNBC's 'Halftime Report' Investment Committee, Shannon Saccocia, Kari Firestone, Steve Weiss and Bill Baruch, discuss the market winners and losers, and recession likelihood.

Persons: Steve Weiss CNBC's, Shannon Saccocia, Kari Firestone, Steve Weiss, Bill Baruch Organizations: Investment

☆ Bearish investor Boaz Weinstein is feeling the pain from this year's unexpected stock rally
▼ + stars: | 2023-08-10 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Boaz Weinstein has been tagged by this year's stock-market rally, according to the Financial Times. Saba Capital's flagship $1.3 billion fund is down 8% year-to-date, the publication reported. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. [Quantitative tightening] is going to be a real headwind for investors," Weinstein told the FT back in October. Contrary to Weinstein's gloomy forecast, US stock valuations have soared in 2023, powered higher by the rise of AI and rapidly cooling inflation.

Persons: Boaz Weinstein, Boaz Weinstein's, Weinstein, That's, Morgan Stanley's, Mike Wilson Organizations: Financial Times, Saba Capital's, Service, Federal Reserve, Nasdaq, Dow Jones, Saba Capital Locations: Saba, Wall, Silicon, Boaz Weinstein's Saba Capital

☆ Indian financial services are a 'major focus' for Bain Capital in Asia
▼ + stars: | 2023-08-10 | 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 EmailIndian financial services are a 'major focus' for Bain Capital in AsiaBarnaby Lyons, a partner and global co-head at Bain Capital Special Situations, discusses Bain Capital's plan to buy a 90% stake in India's Adani Capital and Adani Housing.

Persons: Asia Barnaby Lyons, Bain Organizations: Bain Capital, Adani Locations: Asia

☆ Stop searching for 'the next Warren Buffett' — The 'Oracle of Omaha' is impossible to copy
▼ + stars: | 2023-08-10 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Every so often, a hot new investor on the rise is crowned "the next Warren Buffett" by the financial media, followed swiftly by disappointing performance that proves they're no "Oracle of Omaha." "The next Warren Buffett" remains Warren Buffett alone. What makes Buffett so hard to duplicate? That makes Buffett, famously a student of Columbia University's legendary value investing professor Ben Graham, the most venerated investor of his, or succeeding, generations. "Berkshire's economic moat is more than just a sum of its parts," said Greggory Warren, Berkshire analyst at Morningstar.

Persons: Warren Buffett, Sam Bankman, Buffett, Pershing, Bill Ackman, Eddie Lampert, Chamath, Berkshire Hathaway, LBJ, Ben Graham, Greggory Warren Organizations: Berkshire Hathaway, BNSF Railway, Apple, Columbia, Morningstar, Berkshire Locations: Omaha, Berkshire, New England

☆ Watch CNBC’s full interview with NB's Shannon Saccocia, Requisite’s Bryn Talkington and Axonic Capital’s Peter Cecchini
▼ + stars: | 2023-08-09 | 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 EmailWatch CNBC’s full interview with NB's Shannon Saccocia, Requisite’s Bryn Talkington and Axonic Capital’s Peter CecchiniNB Private Wealth's Shannon Saccocia, Requisite's Bryn Talkington and Axonic Capital's Peter Cecchini join 'Closing Bell' to discuss the bull rally and sentiment and being cautious in the market.

Persons: NB's Shannon Saccocia, Requisite’s Bryn, Axonic, Peter Cecchini, Wealth's Shannon Saccocia, Requisite's Bryn

☆ Ukraine war live updates: Two drones downed near Moscow; UN condemns strikes on Pokrovsk
▼ + stars: | 2023-08-09 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

The Pantsyr S-1 air defence missile system is seen atop the Russian Defence Ministry headquarters in Moscow on August 3, 2023. Two drones were shot down upon approaching Moscow overnight, Russian officials said, in the latest of a growing number of interceptions by the Russian capital's air defense systems. There were no damage or injuries, the Russian ministry of defense said. Ukraine has not officially claimed responsibility for drones heading to Moscow in recent weeks, but Ukrainian President Volodymyr Zelenskyy late last month said war was "returning to Russia's territory." The unmanned aerial vehicles have led to damage to some buildings in the Russian capital and to a small number of reported injuries.

Persons: Volodymyr Zelenskyy, Zelenskyy, Denise Brown, Brown Organizations: Russian Defence Ministry, United Nations Locations: Moscow, Russian, Ukraine, Donetsk

☆ The edtech startup funding slowdown may be hitting the 'bottom of the market'
▼ + stars: | 2023-08-08 | by ( Madeline Renbarger | ) www.businessinsider.com time to read: +4 min

Edtech venture capital funding in 2023 may be on pace for its lowest annual total since 2016. The one exception to this edtech funding dropoff is in AI tools for education and upskilling. This puts the estimated total funding for 2023 at only $3.5 billion, the lowest annual total since 2016, according to HolonIQ. Additionally, there has not been a single edtech "mega round," or a startup funding round valued at over $100 million since 2022, with the exception of the Indian edtech unicorn Byju's $250 million fundraise this spring. Pujji and Mushin also indicated that AI edtech deals were the exception in this slowdown period.

Persons: VCs, It's, Vinny Pujji, Iynna Halilou, Leeor Mushin, Avalanche's Katelyn Donnelly, Mushin, they've, Chegg's, Cheggmate, Khan, Pujji Organizations: Left Lane Capital, Global, Bloomberg, Investors

☆ It's not just about having tech in your portfolio going forward, says iCapital's Anastasia Amoroso
▼ + stars: | 2023-08-08 | 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 EmailIt's not just about having tech in your portfolio going forward, says iCapital's Anastasia AmorosoAnastasia Amoroso, iCapital chief investment strategist, joins 'Squawk Box' to discuss the latest market trends, rest of year outlook, and more.

Persons: iCapital's Anastasia Amoroso Anastasia Amoroso

Logo of Bain Capital is screened at a news conference in Tokyo, Japan September 28, 2017. Shares of Estia Health were up 9.9% at A$3.12 as of 0045 GMT, their highest since Sept 2018. Bain Capital did not immediately respond to a Reuters request for comment. In June, the company updated the market on its intentions to back Bain Capital's increased offer of $A3 per share to A$3.20. "If they acquire Estia Health they may be stuck with it in the days ahead."

Persons: Kim Kyung, Estia, Bain Capital's, Gary Weiss, Estia's, Brad Smoling, Smoling, Rishav Chatterjee, Scott Murdoch, Sherry Jacob, Phillips, Stephen Coates Organizations: Bain Capital, REUTERS, Global, Estia, Bain, Virgin Australia, Australia, Health, Thomson Locations: Tokyo, Japan, Sydney, Australia, Bengaluru

☆ Moscow mayor says hostile drone destroyed by air defences
▼ + stars: | 2023-08-06 | by ( ) www.reuters.com time to read: +1 min

Moscow's Mayor Sergei Sobyanin attends a meeting with Russia's President Vladimir Putin in Moscow, Russia, February 7, 2023. Sputnik/Mikhail Klimentyev/Kremlin via REUTERS/File PhotoAug 6 (Reuters) - Moscow mayor Sergei Sobyanin said a hostile drone was destroyed by air defences as it approached the city on Sunday, while one of the capital's airports suspended flights. Russia's Defence Ministry said separately that the Ukrainian drone had been downed over the Podolsk district of the Moscow region south of the capital. Sobyanin wrote on messaging app Telegram that the drone approached Moscow around 11 a.m. (0800 GMT). Russia accused Ukraine of two drone attacks on its capital last week which damaged a skyscraper in the Moskva Citi district.

Persons: Sergei Sobyanin, Vladimir Putin, Mikhail Klimentyev, Sobyanin, Alex Richardson, Hugh Lawson Organizations: Sputnik, REUTERS, Russia's Defence Ministry, Moskva Citi, Reuters, Thomson Locations: Moscow, Russia, Kremlin, Podolsk, Ukraine, Moskva

A general view shows parts of the structure of flight terminal at an abandoned construction site of a Mexico City airport that was scrapped at Texcoco on the outskirts of Mexico City, Mexico September 3, 2020. "The finance ministry asked for everything to stay the same, so that's what's going to happen," Deputy Transportation Minister Rogelio Jimenez Pons told reporters. Jimenez had previously said that the finance ministry was considering an earlier payback schedule, as the funds used to pay off the bonds for the canceled airport currently come from a usage tax generated by the existing Mexico City International Airport (AICM). Once the Navy runs the AICM, which Jimenez said he expects to happen later this year, it may decide to renegotiate a buyback with the finance ministry, he added. Lopez Obrador opened the farther-away Felipe Angeles International Airport (AIFA) last year as an alternative to the Texcoco airport on an active military base.

Persons: Henry Romero, Andres Manuel Lopez, Rogelio Jimenez Pons, Jimenez, Lopez Obrador, Felipe, Kylie Madry, David Alire Garcia, Diane Craft Organizations: REUTERS, Mexico City International, Navy, Felipe Angeles International Airport, Thomson Locations: Mexico City, Texcoco, Mexico, MEXICO

☆ China's July economic losses from disasters exceed January-June
▼ + stars: | 2023-08-05 | by ( ) www.reuters.com time to read: +2 min

August, when rainfall usually peaks and summer temperatures soar, is set for further economic impact from floods and heatwaves. Rainfall in northeastern provinces could be as much as 50% higher than normal in August, China's national forecaster have warned. In the northern province of Hebei, over 1.2 million people had been evacuated as of Wednesday due to flooding caused by residual rains from Doksuri. China's top economic planner on Friday earmarked an additional 100 million yuan to support post-disaster recovery in Tianjin and Hebei on top of the 100 million yuan announced on Wednesday for Beijing and Hebei. The finance and water resources ministries separately on Friday also offered 450 million yuan to support the overall recovery effort.

Persons: Talim, Ryan Woo, William Mallard Organizations: cnsphoto, REUTERS, Ministry of Emergency Management, Thomson Locations: Beihai, Guangxi Zhuang Autonomous Region, China, BEIJING, Beijing, Hebei, Doksuri, Tianjin

☆ Inflation takes center stage in the week ahead as Wall Street looks for more clues on Fed rate hikes
▼ + stars: | 2023-08-04 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

New inflation data set for release in the week ahead could help Wall Street regain its footing. However, he does not expect that the inflation data releasing next week will be very threatening, even if they show a slight rise from the prior reading. A smattering of results will roll out in the week ahead including from major firms like the Walt Disney Company, which reports Wednesday. Other economic data Investors will digest other major economic data in the week ahead. Hourly earnings (July) Earnings: RL Friday, Aug. 11 8:30 a.m. PPI (July) 10 a.m. Michigan Sentiment preliminary (August)

Persons: it's, Jack Ablin, Ablin, McCormick, Archer, CFRA'S Sam Stovall, FactSet, Stovall, Greg Bassuk, Bassuk, Tyson, Eli Lilly, Fox Organizations: Federal, PPI, Cresset, Nasdaq, Dow Jones, Fed, Daniels, Midland, Chevron, Investments, Walt Disney Company, Wynn Resorts, Dow, Consumer Credit, Tyson Foods, Paramount, Parcel Service, CPI Locations: U.S, Michigan

☆ Pre-Olympics swimming event at risk as storms dirty Seine river
▼ + stars: | 2023-08-04 | by ( America Hernandez | ) www.reuters.com time to read: +2 min

Paris 2024 Olympics - Training for test swimming event for Paris 2024 - River Seine, Paris, France - August 4, 2023 A tourist boat is pictured on the River Seine beside the Pont Alexandre III bridge REUTERS/Stephanie LecocqPARIS, Aug 4 (Reuters) - Participants of this weekend's Open Water Swimming World Cup were barred from a Friday morning training session in Paris' river Seine as heavy rainfall caused water quality to dip below health standards, the French Swimming Federation (FFN) said. The women's 10 kilometre race on Saturday - a qualifying event for marathon swimming at the Paris 2024 Olympics - is still scheduled to go ahead, pending a new river water quality test on Friday evening. "The water quality tests are done regularly, and they are progressively improving," the spokesperson added. International federation World Aquatics did not immediately respond to a request for comment about further backup plans for the races if Seine water quality does not improve this weekend. The city has been working on clean-up efforts to make the Seine swimmable again, as it was during the 1900 Paris Olympics more than a century ago.

Persons: Pont Alexandre III, Stephanie Lecocq PARIS, Jacques Chirac, America Hernandez, Geert De Clercq Organizations: Paris, French Swimming Federation, Olympics, Thomson Locations: Seine, Paris, France, Villette, Egypt, Italy

☆ The market is priced for perfection 'in an imperfect world': Nomura Private Capital's Matthew Rowe
▼ + stars: | 2023-08-03 | 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 EmailThe market is priced for perfection 'in an imperfect world': Nomura Private Capital's Matthew RoweMatthew Rowe, Nomura Private Capital head of cross assets strategies and senior portfolio manager, joins 'Squawk Box' to discuss the fallout from the Fitch downgrade, Bill Ackman betting against 30-year U.S. Treasurys, the Fed's rate hike campaign, and more.

Persons: Capital's Matthew Rowe Matthew Rowe, Fitch, Ackman Organizations: Nomura, Capital, Treasurys

☆ AMD is in my portfolio because CEO Lisa Su is incredible, says Requisite Capital's Bryn Talkington
▼ + stars: | 2023-08-02 | 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 EmailAMD is in my portfolio because CEO Lisa Su is incredible, says Requisite Capital's Bryn TalkingtonCNBC's Investment Committee discuss each experts thoughts on AMD following the company's quarterly earnings results.

Persons: Lisa Su, Bryn Organizations: AMD, CNBC's Investment

☆ Pinterest earnings will reflect its Amazon partnership, says Payne Capital's Courtney Garcia
▼ + stars: | 2023-08-01 | 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 EmailPinterest earnings will reflect its Amazon partnership, says Payne Capital's Courtney GarciaCourtney Garcia, senior wealth advisor at Payne Capital Management, joins 'The Exchange' to discuss analyst expectations for Starbucks' earnings, Pinterest's room for international growth, and a potential pullback in AMD.

Persons: Payne Capital's Courtney Garcia Courtney Garcia Organizations: Payne Capital Management, Starbucks, AMD

☆ Why JPMorgan's trading desk says a new record high in the S&P 500 'feels inevitable'
▼ + stars: | 2023-08-01 | by ( Phil Rosen | ) www.businessinsider.com time to read: +4 min

A group of analysts from JPMorgan's trading desk say a new record high for S&P 500 "feels inevitable." The S&P 500 closed at 4,576.73 on Tuesday, less than 5% shy of its record closing level of 4,796.56 reached in January 2022. The fact earnings can beat expectations in an high-rate environment creates the argument for elevated valuations, in their view, and that could push the S&P 500 well beyond record highs. Anastasia Amoroso, iCapital's chief investment strategist, told Insider on Monday that all-time highs indeed look possible for the S&P 500 in the near-term. Steady multiples and fulfilled earnings expectations should be enough to justify the S&P 500 at 4,800 or above."

Persons: Andrew Tyler, there's, that's, it's, Anastasia Amoroso, Amoroso Organizations: Service, Federal Reserve Locations: Wall, Silicon

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