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☆ Video shows a fireball erupting next to Moscow's glitzy skyscrapers as the capital's finance district is struck by drone attacks
▼ + stars: | 2023-07-31 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

Footage shows a drone strike in Moscow causing a huge explosion in the capital's business district. The capital's mayor, Sergey Sobyanin, said on Sunday that two office buildings in Moscow were damaged by drone attacks, accusing Kyiv of carrying out the strikes. Russia's Ministry of Defense said Moscow's air defense systems destroyed one drone on Sunday, while jamming another two drones that lost control and crashed into a building. But Ukrainian President Volodymyr Zelenskyy referenced the drone attacks in his daily address on Sunday. Footage of the aftermath posted on Telegram and social media showed one of Moscow's skyscrapers clearly damaged from the strike.

Persons: Sergey Sobyanin, Sobyanin, Volodymyr Zelenskyy Organizations: Service, Storyful, Street Journal, RT, Russia's Ministry of Defense, TASS, ASTRA, Kremlin, United Nations Locations: Moscow, Russia, Wall, Silicon, Russian, Ukraine, Kyiv, State

☆ There's no better time to be invested in health care stocks, says Lux Capital's Deena Shakir
▼ + stars: | 2023-07-31 | 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 EmailThere's no better time to be invested in health care stocks, says Lux Capital's Deena ShakirDeena Shakir, Lux Capital Partner, joins 'Closing Bell: Overtime' to offer her case to invest in health care after lagging YTD and MTD.

Persons: Lux Capital's Deena Shakir Deena Shakir Organizations: Lux

July 31 (Reuters) - Economic sanctions have been the biggest headache for Russia's business elite since the start of the war in Ukraine, but a drone strike in the heart of Moscow's financial district is forcing companies to think about their employees' safety. Tech giant Yandex (YNDX.O), which has offices dotted around the Russian capital including in Moskva-Citi, asked staff to vacate offices at night, when strikes on the Russian capital have tended to occur. One financial services professional said he did not think the attack would deter people from going to Moskva-Citi. A Telegram channel run by the Russian online media group Mash broadcast photos of the damage done to the digital ministry's headquarters. For one employee at a large Russian company, the attack was a "really scary" warning.

Persons: Nobody, Yandex, Dmitry Peskov, Volodymyr Zelenskiy, Gareth Jones, Mark Potter Organizations: Sunday, Citi, Kremlin, Tech, Reuters, Telegram, Thomson Locations: Ukraine, Moskva, Ukrainian, Russia, Moscow, Kyiv, Russian

☆ Greenlight's David Einhorn hit home runs short selling and buying companies making big buybacks
▼ + stars: | 2023-07-30 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Greenlight Capital's David Einhorn, a value-oriented hedge fund manager, found success pivoting to short selling and buying companies with big buyback programs. At the end of that bull market, Einhorn said the majority of surviving value investors ceased to consider valuation as a determining factor in their investment process. That "was an exceptionally good year," Einhorn said in his 2022 investor letter. The 54-year-old Einhorn also pivoted to buying companies with sizable buyback programs in place, instead of purchasing cheap stocks that have been struggling to close the valuation gap. Atlas Air Worldwide and Green Brick Partners were some of the stocks Einhorn held whose boards had authorized big repurchases.

Persons: Greenlight Capital's David Einhorn, Einhorn, shorting, Cathie Wood, Greenlight Organizations: Cornell, Greenlight Capital, Wall, Atlas Air, Green Brick Partners, Apollo Global, Green

☆ Biotech is the biggest bull market in A.I., says Lux Capital's Josh Wolfe
▼ + stars: | 2023-07-28 | 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 EmailBiotech is the biggest bull market in A.I., says Lux Capital's Josh WolfeJosh Wolfe, Lux Capital Co-Founder, joins 'Closing Bell: Overtime' to discuss the China hearing and investment opportunities in the country.

Persons: Lux, Josh Wolfe Josh Wolfe Organizations: Biotech, Lux Capital Locations: A.I, China

☆ Watch CNBC's full interview with Bokeh Capital's Kim Forrest and EY-Parthenon's Gregory Daco
▼ + stars: | 2023-07-28 | 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 Bokeh Capital's Kim Forrest and EY-Parthenon's Gregory DacoKim Forrest, chief investment officer at Bokeh Capital Partners, and Gregory Daco, chief economist at EY-Parthenon, join 'The Exchange' to discuss revenue earnings coming in higher than expected, global growth divergence influencing U.S. monetary policy, and more.

Persons: Bokeh Capital's Kim Forrest, Parthenon's Gregory Daco Kim Forrest, Gregory Daco Organizations: Bokeh Capital Partners Locations: EY

☆ Expansion to London clean-air zone to go ahead after court rejects challenge
▼ + stars: | 2023-07-28 | by ( Sam Tobin | ) www.reuters.com time to read: +3 min

Five affected Conservative-led local authorities argued the decision to expand ULEZ was unlawful, but their legal challenge was rejected on Friday. "This landmark decision is good news as it means we can proceed with cleaning up the air in outer London," Khan said in a statement following the ruling. Britain's green agenda has been in focus over the past week after the governing Conservative Party won an election in former Prime Minister Boris Johnson's old seat just outside central London, in part by attacking the ULEZ expansion. Judge Jonathan Swift rejected all three grounds of challenge to the expansion of ULEZ, including that the public consultation on the proposed expansion was unlawful. ($1 = 0.7809 pounds)Reporting by Sam Tobin, Editing by Kylie MacLellan and Tomasz JanowskiOur Standards: The Thomson Reuters Trust Principles.

Persons: Sadiq Khan, Khan, Boris Johnson's, Keir Starmer, Conservative – Johnson, Jonathan Swift, Sam Tobin, Kylie MacLellan, Tomasz Janowski Organizations: London's Labour, Conservative, Transport, Conservative Party, Labour Party's, London, Thomson Locations: British, Greater London, leafier, London

☆ Watch CNBC’s full interview with Bespoke's Paul Hickey and Annandale Capital's George Seay
▼ + stars: | 2023-07-27 | 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 Bespoke's Paul Hickey and Annandale Capital's George SeayPaul Hickey, Bespoke Founder and George Seay, Annandale Capital Founder, join 'Closing Bell: Overtime' to discuss consumer sentiment going forward and earnings season.

Persons: Bespoke's Paul Hickey, George Seay Paul Hickey, George Seay Organizations: Annandale Capital Locations: Annandale

☆ The Fed shouldn't have raised rates again, says DoubleLine Capital's Jeffrey Gundlach
▼ + stars: | 2023-07-26 | 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 Fed shouldn't have raised rates again, says DoubleLine Capital's Jeffrey GundlachJeffrey Gundlach, CEO, CIO and Co-Founder of DoubleLine Capital LP, joins 'Closing Bell' to discuss the Fed's decision to raise rates by 25 bps, recessionary signals relating to the yield curve de-inversion and signals that core PCE moving down to 3% in the upcoming month.

Persons: DoubleLine Capital's Jeffrey Gundlach Jeffrey Gundlach Organizations: DoubleLine

☆ Watch CNBC's full interview with DoubleLine Capital's Jeffrey Gundlach
▼ + stars: | 2023-07-26 | 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 DoubleLine Capital's Jeffrey GundlachJeffrey Gundlach, CEO, CIO and Co-Founder of DoubleLine Capital LP, joins 'Closing Bell' to discuss the Fed's decision to raise rates by 25 bps, recessionary signals relating to the yield curve de-inversion and signals that core PCE moving down to 3% in the upcoming month.

Persons: DoubleLine Capital's Jeffrey Gundlach Jeffrey Gundlach Organizations: DoubleLine

☆ A severe recession is on the horizon - and the Fed will axe interest rates to limit the fallout, DoubleLine's chief investor says
▼ + stars: | 2023-07-26 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +2 min

The US economy is barreling toward a serious recession, DoubleLine Capital's Jeffrey Sherman says. Sherman predicts an embattled Fed will cut interest rates by a whole percentage point in response. "A multitude of economic indicators we look at are flashing either warning or recessionary signals," Jeffrey Sherman told Bloomberg. "The bond market is telling the Fed that they've overtightened and they will have to cut rates," Sherman said. "I think one signal to watch now is the rising default rate within the loan market," Sherman noted.

Persons: DoubleLine Capital's Jeffrey Sherman, Sherman, Jeffrey Gundlach, DoubleLine, Jeffrey Sherman, He's Organizations: Service, Federal Reserve, Bloomberg, Fed Locations: Wall, Silicon

☆ We are living through a massive A.I. bubble, says Bedrock Capital's Geoff Lewis
▼ + stars: | 2023-07-25 | 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 EmailWe are living through a massive A.I. bubble, says Bedrock Capital's Geoff LewisGeoff Lewis, Bedrock Capital founder, joins 'Squawk Box' to discuss the A.I. landscape, what he saw in OpenAI as an early investor, which companies stand to benefit most from A.I., and more.

Persons: Geoff Lewis Geoff Lewis Organizations: Bedrock Capital Locations: OpenAI, A.I

☆ Ad revenue, cost-cutting and cloud will shape Google's earnings, says Odyssey Capital's Jason Snipe
▼ + stars: | 2023-07-25 | 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 EmailAd revenue, cost-cutting and cloud will shape Google's earnings, says Odyssey Capital's Jason SnipeJosh Brown, Jim Lebenthal, Stephanie Link and Jason Snipe join 'Halftime Report' to discuss mega cap tech earnings, Alphabet's AI competition with Microsoft, and avenues for tech revenue growth.

Persons: Jason Snipe Josh Brown, Jim Lebenthal, Stephanie Link, Jason Snipe Organizations: Microsoft

☆ Bowing down to not upset China is the wrong strategy, says Hayman Capital's Kyle Bass
▼ + stars: | 2023-07-24 | 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 EmailBowing down to not upset China is the wrong strategy, says Hayman Capital's Kyle BassKyle Bass, Hayman Capital Management founder and CIO, joins 'Squawk Box' to discuss the latest in the U.S-China battle over Big Tech, whether China is prepared 'to go to war' with the U.S., and more.

Persons: Hayman Capital's Kyle Bass Kyle Bass Organizations: Hayman Capital Management, Big Tech, U.S Locations: China, U.S

☆ Fans and family bid tearful farewell to 'French icon' Jane Birkin
▼ + stars: | 2023-07-24 | by ( ) www.reuters.com time to read: +2 min

PARIS, July 24 (Reuters) - Hundreds of fans joined film legends and family members to bid farewell to British-born actress and singer Jane Birkin at her funeral in Paris on Monday. Film star Catherine Deneuve, singer Vanessa Paradis and first Lady Brigitte Macron were among the mourners in the Saint-Roch church. Outside, tearful fans waving banners marked with "Jane Forever" and "Thank you Jane Birkin" watched the ceremony on a giant screen on the corner of Rue des Pyramides and Rue Saint-Honore. [1/4]Flowers are seen in front of the Church of Saint-Roch before the funeral of late singer, actress and muse Jane Birkin in Paris, France, July 24, 2023. President Emmanuel Macron declared Birkin "a French icon" after her death was announced on July 16 at the age of 76.

Persons: Jane Birkin, Catherine Deneuve, Vanessa Paradis, Brigitte Macron, Roch, Jane Forever, Honore, Birkin's, Charlotte Gainsbourg, Pascal Rossignol, Lou Doillon, Alain Souchon, Etienne Daho, Matthieu Chedid, Emmanuel Macron, Birkin, Serge Gainsbourg, Dominique Vidalon, Andrew Heavens Organizations: Monday, Rue des Pyramides, Rue Saint, of Saint, REUTERS, Overseas, Thomson Locations: British, Paris, Saint, Rue, France

☆ Exuberance is creeping back into the market, says iCapital's Anastasia Amoroso
▼ + stars: | 2023-07-24 | 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 EmailExuberance is creeping back into the market, says iCapital's Anastasia AmorosoAnastasia Amoroso, iCapital chief investment strategist, joins 'Closing Bell' to discuss the Fed ahead of Wednesday's meeting and recent trends in the market.

Persons: iCapital's Anastasia Amoroso Anastasia Amoroso

☆ Watch CNBC’s full interview with Anastasia Amoroso, Lauren Goodwin and Shannon Saccocia
▼ + stars: | 2023-07-24 | 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 Anastasia Amoroso, Lauren Goodwin and Shannon SaccociaiCapital's Anastasia Amoroso, New York Life Investments’ Lauren Goodwin and Neuberger's Shannon Saccocia, join 'Closing Bell' to discuss the Fed ahead of Wednesday's meeting and recent trends in the market.

Persons: Anastasia Amoroso, Lauren Goodwin, Shannon Saccocia iCapital's Anastasia Amoroso, ’ Lauren Goodwin, Neuberger's Shannon Saccocia Organizations: Shannon Saccocia iCapital's Anastasia Amoroso , New York Life Locations: Shannon Saccocia iCapital's Anastasia Amoroso , New York

☆ Fed appears to have won its war on inflation, says Cresset Capital's Jack Ablin
▼ + stars: | 2023-07-24 | 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 EmailFed appears to have won its war on inflation, says Cresset Capital's Jack AblinJack Ablin, Cresset Capital founding partner, joins 'Power Lunch' to discuss earnings and the Fed ahead of Wednesday's meeting and how its next move will effect markets and the economy.

Persons: Cresset, Jack Ablin Jack Ablin Organizations: Cresset

☆ Austin went from a 'weird' oasis to one of the most expensive cities in the US. Now it's fighting runaway housing prices.
▼ + stars: | 2023-07-22 | by ( Eliza Relman | ) www.businessinsider.com time to read: +4 min

Austin, Texas has become one of the least affordable cities in the US in part due to steep housing costs. This week, city lawmakers took a significant step toward helping boost housing supply. The city council approved a resolution that reduces the lot size necessary for a home. Research has found that increasing the market-rate housing supply makes housing more affordable for both middle- and low-income residents, despite widespread skepticism that the laws of supply and demand apply to housing. Last year, a Texas appeals court struck down a previous city council effort to increase housing density through upzoning.

Persons: Austin, who've, Leslie Pool Organizations: Service, Apple, Austin Chamber of Commerce Locations: Austin , Texas, Wall, Silicon, Texas, Austin, City, upzoning

At least 300 people were arrested, including several senior opposition leaders, and several people were reported shot, some possibly fatally, in clashes with police on Wednesday. The demonstrations, planned for Wednesday to Friday, are the third round of protests that the opposition has called this month. Protests this year have cost the economy more than $20 million per day, according to a private sector lobby group. Veteran opposition leader Raila Odinga did not make a public appearance on Wednesday or Thursday as he did during previous protests. A Kenyan court froze the tax hikes late last month, pending a ruling by senior judges.

Persons: Raila Odinga, Ruto, Odinga, William Ruto, Paul Ongili, Aaron Ross, George Obulutsa, Humphrey Malalo, Monicah Mwangi, Anne Mawathe, Joseph Akwiri, Alexander Winning, Emelia, Bernadette Baum, Mike Harrison, Conor Humphries Organizations: Kenya Alliance, REUTERS, NAIROBI, La, NTV Kenya, Kenyan, Civic, Thomson Locations: Nairobi, Kenya, Kibera, Mombasa, Kisumu, Isiolo, Ruto's

☆ Raise cash for upcoming market correction by trimming tech now, says Blue Line Capital's Bill Baruch
▼ + stars: | 2023-07-20 | 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 EmailRaise cash for upcoming market correction by trimming tech now, says Blue Line Capital's Bill BaruchBlue Line Capital's Bill Baruch joins 'Halftime Report' to discuss his decision to trim tech holdings, how seasonality can influence the scale of a market correction, and building investment exposure in the healthcare space.

Persons: Bill Baruch

☆ We're looking for a recession in the second half of 2023, says Verdence Capital's Megan Horneman
▼ + stars: | 2023-07-20 | 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 EmailWe're looking for a recession in the second half of 2023, says Verdence Capital's Megan HornemanMegan Horneman, Verdence Capital Advisors COO, joins 'Squawk Box' to discuss the latest market trends, why investors may be getting ahead of themselves, the Fed's rate hike campaign, and more.

Persons: Verdence, Megan Horneman Megan Horneman Organizations: Verdence Capital

☆ Police hunt for escaped lion on southern edge of Berlin
▼ + stars: | 2023-07-20 | by ( ) www.reuters.com time to read: +1 min

BERLIN, July 20 (Reuters) - Police have warned the public to stay indoors on the south-western edge of Berlin while they search for a wild animal in the area believed to be an escaped lion. "We are currently working on the assumption that the animal is a lioness," the spokesperson told Reuters via telephone. The search area currently covers the Brandenburg municipalities of Kleinmachnow and Stahnsdorf. Earlier Thursday, Berlin police had tweeted that the area on high alert included the capital's southern edge. Asked where the wild animal may have come from, the police spokesperson said it was not clear.

Persons: Rachel More, Friederike Heine, Bernadette Baum Organizations: Police, Berlin, Thomson Locations: BERLIN, Berlin, Brandenburg, Kleinmachnow

☆ Roth Capital's Craig Irwin on why he's not convinced by Tesla's rally
▼ + stars: | 2023-07-19 | 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 EmailRoth Capital's Craig Irwin on why he's not convinced by Tesla's rallyCraig Irwin, Senior Research Analyst at Roth Capital, discusses his expectations for Tesla's earnings report.

Persons: Roth, Craig Irwin, he's Organizations: Senior, Roth Capital

A global pattern of heat waves that have scorched parts of Europe, Asia and the United States this week have thrown that challenge into sharp relief. The World Meteorological Organization warned on Tuesday of increased risk of deaths linked to excessively high temperatures. In South Korea, deluges of rain have pummelled central and southern regions since last week. In recent days, temperatures in Xinjiang and other parts of Asia, as well as Europe and the United States have shattered records. On Tuesday, Beijing logged its 27th day of temperatures of more than 35C, setting a new local record for the most number of high-temperature days in a year.

Persons: Aly, Kerry, John Kerry, Hawaii's Big, Storm Calvin, Yoon Suk Yeol, Han Duck, ” Han, Han Zheng, Han, Wang Yi, Premier Li Qiang, Xie Zhenhua, Ryan Woo, Valerie Vocovici, Hyonhee, John Geddie, Stephen Coates Organizations: heatwave, REUTERS, Hawaii U.S, World Meteorological Organization, National Weather Service, Meteorological, Premier, Thomson Locations: Shanghai, China, South Korea, Greece, Hawaii, Beijing, BEIJING, SEOUL, Athens, U.S, Europe, Asia, United States, Cheongju, North Gyeongsang, Seoul, China's, Xinjiang, Turpan, Taiwan, Dubai

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