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☆ Can Nvidia's astronomical growth last? One outperforming fund manager weighs in
▼ + stars: | 2024-05-29 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

For many investors, the million-dollar question is how far Nvidia can go or whether it can sustain its dramatic growth. Nick Griffin, chief investment officer at Munro Partners, has invested in Nvidia since 2019 — but even he is taken aback by the stock's astronomical run so far. Nvidia's outlook Griffin pointed to industry estimates that showed Nvidia is set to sell $100 billion of its AI accelerators in the next 12 months. Nvidia is currently the largest holding in Griffin's Munro Global Growth fund. Griffin also manages the Munro Concentrated Global Growth Fund and the Munro Global Growth Small and Mid Cap Fund.

Persons: Nick Griffin, CNBC's, Griffin, we've, there's, Munro Organizations: Nvidia, Munro Partners, Griffin's, Griffin's Munro Global, Fund Locations: Griffin's Munro

Short interest in GameStop jumped 6% to more than 68 million shares as of May 15, which accounts for over 25% of its float. For the month, GameStop is up more than 92%. A short squeeze occurs when a stock price surges, forcing investors shorting the stock to purchase shares, or cover their shorts, to buy back stock and cut their losses. The stock has its short interest as a percent of float at nearly 34%. Correction: Short interest in GameStop jumped 6% to more than 68 million shares as of May 15.

Organizations: GameStop, Traders, CNBC Pro, New York Stock Exchange, Nasdaq, Kohl's, Revenue

☆ Nvidia not overvalued despite low forward P/E and market cap, says DataTrek's Nick Colas
▼ + stars: | 2024-05-29 | 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 EmailNvidia not overvalued despite low forward P/E and market cap, says DataTrek's Nick ColasSean Myers, assistant professor of finance at the Wharton School, and Nicholas Colas, co-founder at DataTrek Research, join CNBC's 'The Exchange' to discuss Nvidia's valuation, how much weight to give P/E ratios, and more.

Persons: Nick Colas Sean Myers, Nicholas Colas, CNBC's Organizations: Nvidia, Wharton School, DataTrek Research

☆ Cava shares slip despite Q1 beat, raising same store sales guidance
▼ + stars: | 2024-05-28 | 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 EmailCava shares slip despite Q1 beat, raising same store sales guidanceNick Setyan, Wedbush Securities Senior Analyst, joins 'Closing Bell Overtime' to talk Cava Q1 earnings as the stock struggles in extended trading.

Persons: Nick Setyan Organizations: Wedbush Securities, Cava

☆ Eyeing Trump, but on the Fence: How Tuned-Out Voters Could Decide 2024
▼ + stars: | 2024-05-28 | by ( Katie Glueck | Nick Corasaniti | ) www.nytimes.com time to read: 1 min

Joe Perez is exactly the type of voter President Biden and former President Donald J. Trump are fighting over: A 22-year-old Hispanic man in Las Vegas who grew up leaning Republican, he also supports abortion rights and was turned off by the Capitol rioters on Jan. 6, 2021. But Mr. Perez — unenthusiastic about a Biden-Trump rematch, overwhelmed by the news and disillusioned by politics — is tuning out. “If you ask me right now what’s going on with, like, the presidential race, or the situation in Gaza or Ukraine or whatever, I don’t think I can answer,” said Mr. Perez, who supported Mr. Trump in 2020 and is intrigued by Robert F. Kennedy Jr. now. “I’m not trying to follow that anymore.”Instead, said Mr. Perez, a valet who hopes to become a firefighter, “I’m just going to have to roll with the punches, because I don’t think I’m going to make a difference.”

Persons: Joe Perez, Biden, Donald J, Trump, Perez —, ”, Perez, Robert F, Kennedy Jr, “ I’m, Mr Organizations: Republican, Capitol, Biden, Trump Locations: Las Vegas, Gaza, Ukraine

☆ Judge allows Trump co-defendant to continue to fight for 500,000 ballots from Fulton County to argue debunked fraud claims
▼ + stars: | 2024-05-28 | by ( Nick Valencia | Jason Morris | ) edition.cnn.com time to read: +3 min

CNN —A Fulton County judge will allow a co-defendant of Donald Trump in the Georgia election subversion case to continue his effort to access thousands of 2020 ballots to argue debunked voter fraud theories. Floyd’s attorneys are pushing to access more than 500,000 ballots from Fulton County, claiming they intend to produce “evidence” that thousands of votes were improperly excluded from the final vote tally. Defendant Harrison Floyd with attorney Christopher Kachouroff in court during a hearing at the Fulton County Courthouse on May 28 in Atlanta. Dennis Byron/Pool/Getty ImagesChad Alexis, senior assistant attorney for Fulton County, pushed back on 2020 voter-fraud arguments from Floyd’s attorneys. The Fulton County racketeering case against Trump has effectively been at a standstill.

Persons: Donald Trump, Harrison Floyd, Trump, Joe Biden, Scott McAfee, McAfee, Brad Raffensperger, Floyd, Christopher Kachouroff, Dennis Byron, Chad Alexis, Alexis, ” Alexis, Fani Willis, Nathan Wade Organizations: CNN, Trump, Fulton, Republican, Courthouse Locations: Fulton, Georgia, Fulton County, Maryland, Atlanta

☆ A tenant accused of turning a $1.7M LA home into an illegal Airbnb says he did nothing wrong and will sue his landlord
▼ + stars: | 2024-05-28 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +1 min

Nikeeta Sriram accused Nicholas Jarzabek of turning her $1.675 million home into an illegal Airbnb. AdvertisementThe tenant of a $1.675 million Los Angeles home, whose owner accused him of turning it into an illegal Airbnb, insists he did nothing wrong. "I am not a nightmare tenant. I have never been a nightmare tenant," Jarzabek said in a letter provided to Business Insider by email. This story is available exclusively to Business Insider subscribers.

Persons: Nikeeta Sriram, Nicholas Jarzabek, Jarzabek, Sriram, —, Nick Diver Organizations: Service, Business Locations: Angeles

☆ Elisabeth Moss on Her Movie & TV Roles: 'the Handmaid's Tale,' 'Mad Men,' 'the Veil'
▼ + stars: | 2024-05-28 | by ( Samantha Rollins | ) www.businessinsider.com time to read: +12 min

I don't know. I don't know. Obviously, totally doable still, but I don't think it's necessarily a walk in the park by any means, and I don't think everyone can do it. The hardest one I ever did — there have been some really, really close runners-up — but it was a scene on "Handmaid's." I've known for a while how it was going to end, so I don't think I can say anything.

Persons: Elisabeth Moss, Moss, Sandra Bullock, Shirley, Imogen Salter, Yumna Marwan, Winona Ryder, Angelina Jolie, — Winona Ryder, Brittany Murphy, Winona, Angie, Brittany, I've, Clea, DuVall, Maddie Brewer, Mckenna Grace, Sydney Sweeney, I'm, Nick, we're, It's, Peggy Olson, Jordin Althaus, it's, haven't, —, you've, Robin Griffin, That's Organizations: Business, NBC, FX, ISIS, Columbia, Hulu

☆ Davis Riley: A week after his sister had surgery to remove a brain tumor, US golfer wins first individual PGA Tour event
▼ + stars: | 2024-05-27 | by ( Ben Morse | ) edition.cnn.com time to read: +3 min

CNN —Davis Riley paid tributes to his sister, who is recovering from brain surgery to remove a tumor, and his former colleague Grayson Murray after winning the Charles Schwab Challenge on Sunday. 1 Scottie Scheffler and Keegan Bradley to win his first individual PGA Tour event by a five-shot margin. After undergoing scans, it was found that she had a brain tumor and underwent surgery upon recommendation from doctors. Although she couldn’t be in Texas to see Riley win his first individual PGA Tour event, Riley did her proud by putting in assured performance to earn himself a tartan jacket and the trophy. Riley plays a shot from a bunker on the 18th hole during the final round of the Charles Schwab Challenge.

Persons: CNN — Davis Riley, Grayson Murray, Charles Schwab, Riley, Scottie Scheffler, Keegan Bradley, he’d, Caroline, ” Riley, “ I’m, ”, Tim Heitman, Murray, Nick Hardy, Hardy, Riley’s, Alexandra, “ Davis, ” Hardy, “ Organizations: CNN, Colonial Country Club, PGA, PGA Tour, Zurich, New Locations: Texas, New Orleans

☆ CNN witnesses Ukrainian soldiers being treated after blast hits dugout
▼ + stars: | 2024-05-27 | by ( Nick Paton Walsh | ) edition.cnn.com time to read: 1 min

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☆ 10-year-old boy describes losing his parents in Russian attack
▼ + stars: | 2024-05-27 | by ( Nick Paton Walsh | ) edition.cnn.com time to read: 1 min

☆ ‘How do I live?’ A 10-year-old Ukrainian orphan recalls the brutal destruction of his family
▼ + stars: | 2024-05-27 | by ( Nick Paton Walsh | Mick Krever | ) edition.cnn.com time to read: +6 min

“Mom was saying, ‘Kolya, Kolya.’ I shouted, ‘Mom, I’m alive.’”He said he frantically scraped the dust from his face and eyes. And I was shouting, ‘Mother, mother, it’s just a dream, a horrible dream.’” Mykola had a similar nightmare days earlier, and felt it might be recurring. Hours earlier, the family had a barbecue, and Mykola senior drank one beer too many and talked passionately about enlisting. In the pitch black, his son clambered outside, the front of their comfortable family home beyond recognition, its gates torn clean away. Video Ad Feedback CNN witnesses Ukrainian soldiers being treated after blast hits dugout 02:04 - Source: CNNThey were quickly tended to.

Persons: Eastern Ukraine CNN — Mykola, Larisa, Mykola Glushko, “, ”, ‘, ’, it’s, ’ ” Mykola, Mykola, clambered, Mick Krever, CNN Mykola, gurney, Ivan Organizations: Eastern, Eastern Ukraine CNN, CNN, Russian, quicken, 93rd Locations: Eastern Ukraine, Pokrovsk, Ukraine, Workers, Moscow, Kharkiv, –, Bakhmut, Russia

☆ A man ordered to hide his boat painted his new fence with the offending boat. The act of rebellion is changing his city.
▼ + stars: | 2024-05-25 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewA fence in California is catching eyes not for its extravagance or scale, but for its playful defiance against a city ordinance. This story is available exclusively to Business Insider subscribers. Panni told Business Insider. According to Constable, Borges also mentioned that he was in favor of the city getting rid of some ordinances, including Title 17.

Persons: —, Etienne Constable, Hanif Panni, Panni, Hanif, @hanifwondir Constable, Constable, I've, I'm, Nick Borges, Borges, We're, KSBW Organizations: Service, Business, Seaside, The Washington Post, Police Locations: California, Seaside, Coast, San Francisco

☆ Russia-Ukraine war: Putin signals he’s open to peace talks, but Ukraine is right to be wary
▼ + stars: | 2024-05-25 | by ( Nick Paton Walsh | ) edition.cnn.com time to read: +7 min

Eastern Ukraine CNN —Russian President Vladimir Putin’s signaling this week that he is open to peace talks should be viewed with vast, overshadowing caveats, and the weight of Ukraine’s - and the West’s - past experience of Russian diplomacy. Putin questioned the legitimacy of Ukraine’s President Volodymyr Zelensky, who Moscow has repeatedly assailed, after Kyiv had to delay elections because of the very war Putin started. Zelensky has said he hopes China - Russia’s most potent ally but only partial supporter in the Ukraine war - will attend. Putin may be talking peace now to suggest to Beijing to not be involved in diplomacy about Russia without Russia present. Valentyn Ogirenko/ReutersUkraine’s Foreign Minister, Dmytro Kuleba, said Friday that Putin’s hints at peace talks were directly aimed at sabotaging the summit.

Persons: Vladimir Putin’s, Putin, Moscow’s, Alexander Lukashenko, Volodymyr Zelensky, Viktor Yanukovich, Russian Yanukovich, Lukashenko, Tatyana Makeyeva, –, Zelensky, Valentyn Ogirenko, Dmytro Kuleba, “ Putin, Ukraine ”, MAGA, Dmitri Peskov, Donald Trump, ferociously Organizations: Eastern, Eastern Ukraine CNN —, Reuters, Belarus ’, Kremlin, Kyiv, European Union, NATO, Kharkiv, Reuters Ukraine’s Foreign, Ukraine, American, MAGA Republicans, Congress Locations: Eastern Ukraine, Moscow, Ukraine, Kharkiv, Russia, Istanbul, Kyiv, Donetsk, Belarus, Russian, Syria, Debaltseve, Switzerland, China, Beijing, Valentyn, West, Europe, United States, France, Baltic

☆ A woman rented out her $1.7M LA home — then her tenant left the country and turned it into an illegal Airbnb: report
▼ + stars: | 2024-05-24 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +5 min

"He seemed like the perfect tenant until he turned into a nightmare," Sriram told the outlet. When confronted, Jarzabek denied subletting the property, but Sriram found listings for it on Airbnb, the Times reported. AdvertisementInitially, the Airbnb account was hosted by someone named Rich Jacobs. Sriram told the Times she eventually resorted to showing up at the property to warn guests about the situation. According to the Times, Jarzabek stopped paying rent after Sriram filed the eviction notice.

Persons: —, Nikeeta Sriram, Sriram, Nicholas Jarzabek, Jarzabek, Rich Jacobs, Monthier, Airbnb, Jacobs, Nick Diver, Diver Organizations: Service, Los Angeles Times, The Times, Business, Times, Police, Los Angeles Superior Court Locations: Angeles, United Kingdom, Los Feliz, LA, London, Airbnb

☆ YouTube's Safier brothers on social media stardom and spreading positivity online
▼ + stars: | 2024-05-24 | 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 EmailYouTube's Safier brothers on social media stardom and spreading positivity onlineNick Safier and Gabe Safier, YouTube influencers, joins 'Squawk Box' to discuss how the idea to launch a social media page came to be, when they decided to make their videos a regular occurrence, and more.

Persons: YouTube's, Nick Safier, Gabe Safier Organizations: YouTube

☆ 36% of Americans say real estate is the best long-term investment—financial pros say they may be wrong
▼ + stars: | 2024-05-23 | by ( Ryan Ermey | ) www.cnbc.com time to read: +4 min

For years, Gallup has asked investors exactly that question, and since 2013 the most popular answer has been the same: real estate. It's tough to say what the best long-term investing option is without knowing the desired outcome." You can invest in real estate via real estate investment trusts, which trade like stocks, or ETFs that hold them. As you pay down your mortgage, you build equity in a piece of real estate that also appreciates in value. Among Americans making less than $40,000 per year, 33% choose real estate as their No.

Persons: Gallup, Stocks, Nick Foulks, Andrew Briggs, Briggs, Gold Organizations: cryptocurrency, Great Waters, National, Advisory, presto

The synthetic opioid fentanyl, up to 50 times more potent than heroin, has taken over Baltimore’s illegal drug supply, contributing to more and more deaths. Credit... Jessica Gallagher/The Baltimore Banner, for The New York Times

Persons: Jessica Gallagher Organizations: Baltimore Banner, The New York

Signs of loss are scattered across Baltimore. Sprays of flowers in front of a boarded rowhouse. Makeshift memorials in the lobby of an apartment building or the therapy room of an addiction treatment program. People in Baltimore have been dying of overdoses at a rate never before seen in a major American city, a New York Times and Baltimore Banner examination has found. The epidemic has claimed almost 6,000 lives in the past six years.

Organizations: New York Times Locations: Baltimore, American

☆ Opinion | With ‘Unified Reich’ the Trump Campaign Takes It Up a Notch
▼ + stars: | 2024-05-23 | by ( David Austin Walsh | ) www.nytimes.com time to read: +1 min

The former president’s trial over hush money paid to a porn star has made history, and his performance in court has been so farcical that Mr. Trump was threatened with jail time for contempt of court. He has called his political enemies “vermin” and said that immigrants are “poisoning the blood” of America. Mr. Trump’s transgressions against American political norms are by now almost a cliché. But the “unified Reich” video shows a different kind of danger in another Trump presidency. That underscores the bigger problem in the Republican Party today, one that goes far beyond Mr. Trump: a generation of young Republican staff members appears to be developing terminal white nationalist brain.

Persons: Donald Trump, Trump, ”, “, America ”, Nick Fuentes Organizations: America, Trump, Nazi, Associated Press, Republican Party, Republican Locations: America, Nazi Germany, Charlottesville, Va

This is the first part in a series exploring Baltimore’s overdose crisis. People in Baltimore have been dying of overdoses at a rate never before seen in a major American city. In the past six years, nearly 6,000 lives have been lost. The city set ambitious goals, distributed Narcan widely, experimented with ways to steer people into treatment and ratcheted up campaigns to alert the public. Many of those efforts to fight overdoses stalled, an examination by The New York Times and The Baltimore Banner has found.

Organizations: New York Times, Baltimore Locations: Baltimore, American, Appalachia, York

Against this backdrop, CNBC Pro screened the SPDR S & P Retail ETF (XRT) for stocks that were forming a death cross chart pattern. We found five SPDR S & P Retail ETF (XRT) components, including Ulta Beauty , that are on the verge of a death cross pattern — and one that has already formed one. Ulta Beauty Shares of cosmetic retailer Ulta have slipped more than 22% in 2024. Other stocks nearing a death cross pattern include National Vision Holdings and Academy Sports & Outdoor . Dollar Tree Dollar Tree , however, has already formed a death cross chart pattern.

Persons: Mark Astrachan, Astrachan Organizations: Walmart, Lowe's, CNBC Pro, P Retail, National Vision Holdings, Academy Sports

☆ This unexpected corner of the market offers quality dividend payers, Bank of America says
▼ + stars: | 2024-05-22 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +3 min

Investors hunting for income ought to look to small-cap stocks for a few high-quality dividend payers, according to Bank of America. There are names within it that offer quality dividend yields, according to Jill Carey Hall, equity strategist at Bank of America, in a Monday research report. Further, once the Federal Reserve begins cutting rates, yields paid on cash will fall, and that will make these dividend payers even more attractive for income. Finally, Bank of America added Essential Properties Realty Trust to its list of buy-rated dividend payers. The stock has a dividend yield of 4.2%, and shares are up 7.5% in 2024.

Persons: Russell, Jill Carey, Peter Galbo, Utz, Alton Stump, Stump, Nick Joseph Organizations: Bank of America, Nasdaq, Federal Reserve, Brands, Properties Realty Trust, Citi Locations: West, Midwest, Southwest, Hanover , Pennsylvania, comps

☆ Ukraine: Battles rage outside Kharkiv as troops try to hold back Russian advance
▼ + stars: | 2024-05-22 | by ( Nick Paton Walsh | ) edition.cnn.com time to read: +5 min

Russia’s relentless onslaught has a key goal: If they take Lyptsi, then they can position artillery within range of Ukraine’s second city, Kharkiv, 20 minutes down the road. “They’re not sending just anyone into the assaults.”His stare lengthens when asked about what fortifications were in place before the surprise Russian attack. At one position closer to the Russian border, the 92nd Assault Brigade showed CNN a Russian artillery gun, captured in the first days of the war, from which they are now firing French mortar shells. The gun was partially hidden by a wire net, aimed at providing some protection from an attack drone. Attacks persisted in the distance however, keeping the city’s residents awake through violently loud nights, now amplified by the threat of Russian artillery edging closer.

Persons: ”, “ They’re, Artun, Mick Krever, tugging, ” Artun, “, CNN’s Nick Paton Walsh, Oleksandr, Brice Lainé Organizations: CNN, National Guard, 92nd Assault Brigade Locations: Ukraine, Kharkiv, Russian, Soviet, Lyptsi, Russia, Cherkaska Lozova

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