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In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarket seeing rising anxiety over economy and earnings, says Vital Knowledge's Adam CrisafulliAdam Crisafulli, Vital Knowledge founder, and Paul Hickey, Bespoke Investment Group co-founder, joins 'Closing Bell Overtime' to talk the day's market action.
Persons: Vital, Adam Crisafulli Adam Crisafulli, Paul Hickey Organizations: Vital Knowledge, Investment Group
Stock futures hovered near the flatline Tuesday evening after the S&P 500 rebounded from a rough start to the week. S&P 500 futures hovered pulled back 0.03, while Nasdaq 100 futures hovered near the flatline. In Tuesday's regular trading, both the S&P 500 and the Nasdaq Composite ended three days of declines, buoyed by a bounce in Nvidia shares. The artificial intelligence darling's market cap gives it tremendous sway over the S&P 500, and its 154% surge in 2024 has raised concerns over a lack of breadth in this year's rally. "We look for the market to broaden out, but it's not necessarily a binary choice between megacaps and smaller caps, but more bias going forward to looking at these other companies in the S&P 500."
Persons: Dow, Paul Hickey, CNBC's, it's, General Mills Organizations: New York Stock Exchange, Stock, Nasdaq, Dow Jones, FedEx, Rivian Automotive, Volkswagen, Nvidia, Investment Group, Federal, Micron Technology Locations: Paychex
But nothing that Clark does — or that is done to Clark — is treated as normal. That was just the latest bulletin in a months-long news cycle trailing everything Clark does. ESPN's Stephen A. Smith said WNBA players should go easier on Clark in games if they want to keep up record viewership: "Protect the golden goose." Related storiesThese days, watching Caitlin Clark play basketball has become a Rorschach test for a deeply divided country. Four years ago, WNBA players actually helped flip a Senate seat in Georgia.
Persons: Caitlin Clark, , Clark, Clark —, Angel Reese, ESPN's Stephen A, Smith, Nikki Haley, Cathy Engelbert, Wilson, Michael Jordan Michael Hickey, she's, we've, Megan Rapinoe, Donald Trump, Brittney Griner, Matt Leinart, Reese, Pat McAfee, Eminem, Chennedy Carter, Carter, That's, I'm, Dijonai Carrington, Carrington vocalized, Emilee Chinn, Sabrina Ionescu, Breanna Stewart, A'ja Wilson, Clark Caitlin Clark, — infantilize, James Boyd Organizations: WNBA, Business, Chicago, CNN, Fox News, ESPN, Olympic, GOP, Chicago Sky, That's, Connecticut Sun, Getty, Black, Nike, The Locations: Iowa, Hollywood, Indiana, America, Georgia, Russia, Chicago, Washington ,, Connecticut
S&P 500 hits 31st record close of 2024
  + stars: | 2024-06-18 | 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 EmailS&P 500 hits 31st record close of 2024Paul Hickey, Bespoke co-founder, and Barry Bannister, Stifel chief equity strategist, joins 'Closing Bell Overtime' to talk the day's record market action.
Persons: Paul Hickey, Barry Bannister
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 Stifel's Barry BanisterPaul Hickey, Bespoke co-founder, and Barry Bannister, Stifel chief equity strategist, joins 'Closing Bell Overtime' to talk the day's record market action.
Persons: Bespoke's Paul Hickey, Stifel's Barry Banister Paul Hickey, Barry Bannister
Nvidia hits another record close, eclipses Apple's market cap
  + stars: | 2024-06-05 | 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 EmailNvidia hits another record close, eclipses Apple's market capPaul Hickey, Bespoke Investment Group co-founder, and Keith Lerner, Truist Wealth co-CIO, join 'Closing Bell Overtime' to talk the day's market action.
Persons: Paul Hickey, Keith Lerner Organizations: Nvidia, Investment Group, Truist
CNN —As we near the end of Asian American, Native Hawaiian and Pacific Islander (AANHPI) Heritage Month, I can’t help but feel a bit disappointed. Regina Kim Courtesy Regina KimBut too often, efforts to honor the contributions of Asian Americans, however well-intentioned, fall short because people fail to differentiate between Asian Americans and Asian communities outside the US. A recent study by the Asian American Foundation found that over half of Americans can’t name a single famous Asian American. This may be one reason why so many Americans can’t name any Asian Americans of note. The media needs to make a conscientious effort to seek out, identify and spotlight Asian Americans — and not just during AANHPI Heritage Month.
Persons: Regina Kim, Peggy Gou —, AAPI, , Mark Tuan, Audrey Nuna Michael Hickey, Laufey, who’ve, Daniel Anderson, Peggy Gou, Ali Wong Elyse Jankowski, Kat Turner, Sun, ” Turner, Steven Yeun Gregg DeGuire, wasn’t, Jackie Chan, Michelle Yeoh, Lulu Wang Michael Kovac, Mindy Kaling, Kevin Mazur, Lee Jung, jae, ” Oscar, Bong Joon Ho, Lulu Wang, , , Steven Yeun, Bruno Mars, Olivia Rodrigo, Sarah Kinsley, Lyn Lapid, Audrey Nuna Organizations: Forbes, CNN, Billboard, AAPI, American, AANHPI, America, South, Korean, Asian American Foundation, Globe, Twitter, Facebook Locations: Hawaiian, American, , Korean, Europe, America, Asia, Icelandic, South Korean, Hong Kong, Malaysian, keshi
Vistra Corp. has doubled over that period, while Constellation Energy is up nearly 62% and NextEra Energy has surged 34%. "This is not your old utility, where you just get a dividend and you're happy," Shahriar Pourreza, managing director of energy, power and utilities at Guggenheim Partners, told CNBC. The sector was oversold coming into 2024, with the market going too far in pricing in the impact of interest rates, Pourreza said. Power companies with deregulated assets are able to respond to market conditions more quickly than traditional utilities, he said. The tech sector is looking for clean energy to power data centers as they are simultaneously trying to limit their carbon footprints.
Persons: Pourreza, Jerome Powell, Goldman Sachs, Stephanie Link, CNBC's, Paul Hickey, Vistra, NextEra Organizations: Utilities, Vistra Corp, Constellation Energy, NextEra Energy, Guggenheim Partners, CNBC, Federal Reserve, Investors, HighTower Advisors, Investment Group, Constellation, Services, Microsoft Locations: It's, U.S, Wells
But some older adults may be unaware of the strength of today’s weed, and little is known about the health effects of legalizing edible cannabis on older adults — the age group with the largest growth in overall cannabis use a year after dried cannabis flower was legalized in Canada, Stall said. Jamie Grill/Tetra images RF/Getty Images“There’s a bit of an age-related bias that many health care practitioners, and frankly society, hold that older adults are not using drugs. During the eight-year study period, there were 2,322 emergency department visits for cannabis poisoning in older adults who were age 69 on average. Products older adults intentionally use should have dosing information with specific guidance for older adults, “recognizing that the amount of drug they may need is a lot less than younger populations,” Stall said. Health care providers should also have open and judgment-free conversations with older adults about cannabis use and its benefits and risks, he added.
Persons: edibles, Nathan, Jamie Grill, , , , Lona Mody, Sharon K, Inouye, weren’t, Amanda Sanford Hickey, Ann Arbor . Inouye, Arthur Marcus, ” Mody Organizations: CNN, Sinai Health, Getty, Ontario Ministry, Internal Medicine, University of Michigan, Aging, for Aging Research, Harvard Medical School Locations: Canada, , Sinai, Ontario, Ann Arbor, Boston
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe new highs confirm that we are in a bull market, says Bespoke Investment’s Paul HickeyPaul Hickey, Bespoke Investment Group co-founder, joins ‘Squawk Box’ to discuss the latest market trends, why he believes we are in a bull market, and more.
Persons: Paul Hickey Paul Hickey Organizations: Investment Group
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEnergy rallying while other sectors drop 'not a good situation for the market': Bespoke's HickeyHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Bespoke's Hickey, Brian Sullivan, Organizations: Email Energy, CNBC
Saudi Arabia is plowing on with its ambitious Neom project, despite reported setbacks. Here's a closer look at the main regions that officials plan to build as part of the project. AdvertisementSaudi Arabia's futuristic Neom project is one of the most ambitious in the world. According to Neom, the city will have no roads, cars, or emissions and run on 100% renewable energy. SindalahThe island of Sindalah, a yachting resort and part of the Neom project, will be open in 2024, say planners.
Persons: Here's, , Neom, Denis Hickey, " Hickey, Saudi Arabia's Crown Prince Mohammed bin Salman, NEOM Organizations: Service, Street Journal, Bloomberg, Saudi Arabia's Crown Locations: Saudi Arabia, Saudi, Tabuk, Kingdom, Neom, Sindalah, Aqaba, Tabak Province
Here are some of the best jokes and memes to come out of the estimated 4.8-magnitude quake. NEW LOOK 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 . East Coast residents were shaken up on Friday morning by an earthquake with an estimated magnitude of 4.8. The next earthquake might not happen for another 10 years, but it's best to be prepared with more than just your smartphone.
Persons: , New York ”, dGKBvjpTPq — philip lewis, Erewhon, Hailey Bieber smoothie, — Walter Hickey, l Organizations: New York, Service, East, Empire, York Metro, Apple, San, NYC, Earthquake, ust Locations: New, New York City, East Coast, West, New York, New Jersey, , York, of, Los Angeles, Yorkers, @WaltHickey
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe market doesn't necessarily need a rate cut at this point, says Bespoke Investment's Paul HickeyPaul Hickey, Bespoke Investment Group co-founder, joins 'Squawk Box' to discuss the latest market trends ahead of the opening bell on Tuesday.
Persons: Paul Hickey Paul Hickey Organizations: Investment Group
A Fed rate cut usually signals something bad happening, Bespoke's Paul Hickey told CNBC. But the stock market rally doesn't really need the Fed to cut rates in order to keep climbing. "Be careful what you wish for," he told CNBC, adding: "They cut rates for a reason, as we've talked about in the past, and they usually don't cut rates because things are going great." Related storiesThat may be hard to hear for investors, as markets have spent months deciphering Fedspeak for clues as to when the first rate cut will happen. "Last week's Fed meeting put the nail in the coffin on a rate cut, and the market had its best week of the year," he said.
Persons: Bespoke's Paul Hickey, , Paul Hickey, we've, Hickey, it's Organizations: CNBC, Service, Federal Reserve, Fed
The Opportunistic Trader ETF, trading under the ticker "WZRD," launched on Wednesday and quickly surpassed $15 million in assets. Benedict is a former hedge fund manager who later founded The Opportunistic Trader, an information and education service about his strategies. And he's not the only hedge fund veteran trying out products that are open to retail investors. The WZRD ETF won't be a buy and hold strategy common among ETFs, according to securities filings and the Opportunistic Trader team. Rise of active ETFs The rise of hedge-fund like ETFs is part of a broader trend toward more active funds.
Persons: Larry Benedict, Jack Schwager, Benedict, Pershing, Bill Ackman, James Hickey, Hickey Organizations: Trader, SEC, Trust, Nvidia, JPMorgan Chase Locations: United States, WZRD
The other day, a friend of mine liked one of my LinkedIn posts. AdvertisementWhy LinkedIn feels so cringeAs much as LinkedIn is a professional platform, something about it feels really personal. There's a reason social-media accounts like Best of LinkedIn, which pokes fun at over-the-top LinkedIn posts, exist. Given the weakness of the official advice, I decided to ask a bunch of people for tips on how to post in a non-cringe way on LinkedIn. I also asked a pair of social-media managers — one at Business Insider and one at a different company — for their thoughts on LinkedIn posting.
Persons: Nathan Allebach, It's, Sunny Xun Liu, thinkfluencers, it's, Brendan Gahan, there's, John Hickey, they're, Brandon Smithwick, Natalie Marshall, Natalie, Marshall, Allebach, Emily Stewart Organizations: LinkedIn, Stanford Social Media, Authority, Business Locations: There's
In short, the rent is too damn high — and it’s keeping inflation and interest rates elevated alongside it. We’ll see if they’re right on Tuesday morning when February’s CPI data is due out. “Shelter inflation has been a big focal point for the market,” they wrote in a note on Monday. “We remain confident that [rent prices] will flatline in 2024, rather than fall,” Capital Economics analyst Thomas Ryan wrote in a recent note. That means a current deceleration in rent prices won’t be fully factored into inflation data until February 2025.
Persons: Greg McBride, , Jerome Powell, “ It’s, Powell, aren’t, , Thomas Ryan, Ritti Singh, Singh, won’t, isn’t, Goldman Sachs, Clare Duffy, Reddit, it’s, That’s, Matt Egan, Joe Biden, Bespoke’s Paul Hickey, ” Hickey Organizations: CNN Business, Bell, New York CNN, Federal Reserve, CPI, Bank of America, ” Capital, Housing Justice, Fed, Dallas Fed, AAA, Federal, Investment Locations: New York
Corporate executives at major companies have sold stock in their own companies in March as the stock market hits new record highs. Zuckerberg's moves appear to be part of a 10b5-1 stock sale plan adopted last summer. An even larger stock sale came from Michael Dell, the CEO and namesake of Dell Technologies . The tech founder has filed a Form 144 to sell 7 million shares, so more transactions could be coming, according to VerityData. Dell shares have soared more than 50% this year on optimism the AI boom will lead to a replenishment of servers and PCs.
Persons: Mark Zuckerberg, Michael Dell, Alesia Haas, Zuckerberg, Haas, Troendle, William Hickey III, James Walter, TechnipFMC, Douglas Pferdehirt, William Meaney Organizations: Facebook, Dell Technologies, Dell, Medpace Holdings Locations: , 10b5
Gas prices have surged to four-month highs. Don’t panic
  + stars: | 2024-03-11 | by ( Matt Egan | ) edition.cnn.com   time to read: +5 min
A gas price spike might be the last thing President Joe Biden needs to convince skeptical voters about his economic agenda. But experts say there is no reason to panic about gas prices, at least not yet. Gas prices always rise at this time of the year. Of course, there’s always the potential for unexpected events that could spike gas prices. If anything, De Haan said the earlier-than-expected jump in gas prices this year could cause prices to peak sooner than usual.
Persons: it’s, That’s, Joe Biden, Bespoke’s Paul Hickey, ” Hickey, , , Patrick De Haan, Andy Lipow, Lipow, there’s, GasBuddy’s De Haan, De Haan Organizations: New, New York CNN, AAA, Federal, Investment, CNN, Whiting, BP Locations: New York, Indiana —, Michigan, Illinois, OPEC, Saudi Arabia, Russia, Saudi Aramco, Ukraine
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe market rally has been largely driven by AI-related stocks, says Bespoke Investment’s Paul HickeyPaul Hickey, Bespoke Investment Group co-founder, joins 'Squawk Box' to discuss the latest market trends, performance of the tech sector, impact of AI, and more.
Persons: Paul Hickey Paul Hickey Organizations: Investment Group
Carolyn Kaster/AP/FileUS national security officials have to weigh whether publicly calling attention to disinformation might inadvertently amplify the very message they’re trying to bat down. In both scenarios, federal officials favored a muted public response, largely choosing to let state and local governments take the lead. State and local officials run elections and are more trusted voices in their communities, but how can federal officials act decisively to support them? “It’s a trick box,” said Adam Hickey, who worked on election security issues for the Justice Department’s National Security Division. “[W]e prioritize tabletop exercises that integrate the range of cyber, physical, and operational threats election officials may encounter,” Conley said in a statement to CNN.
Persons: , , , Carolyn Kaster, there’s, Biden, Xi Jinping, Kevin Lamarque, Joe Biden, deepfakes, ” Sen, Mark Warner, Kevin Dietsch, Francisco Aguilar, ” Aguilar, Donald Trump’s, Adam Hickey, Hickey, Cait Conley, DHS’s, ” Conley, , ” CNN’s Evan Perez, Natasha Bertrand, Donie O’Sullivan, Katie Bo Lillis Organizations: Washington CNN, CNN, FBI, CIA, Homeland Security, Biden White, Jeffersonville Masonic, New Hampshire, Foreign Ministry, , Senate, Committee, White, Senate Intelligence, Virginia Democrat, Republican, Trump, Capitol, Justice Department’s National Security, , Justice Department, Department of Homeland, National Security Council, US Army, DHS’s Cybersecurity, Infrastructure Security Agency Locations: China, Jeffersonville, Jeffersonville , Ohio, American, Woodside , California, Nevada, Russia, Iran, Russian, Iranian
S&P 500 briefly hits 5,000 for first time
  + stars: | 2024-02-08 | 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 EmailS&P 500 briefly hits 5,000 for first timePaul Hickey, Bespoke co-founder and George Seay, Annandale Capital chairman, join 'Closing Bell Overtime' to talk the day's market action.
Persons: Paul Hickey, George Seay Organizations: Annandale Capital Locations: Annandale
Elon Musk last week announced his company Neuralink has implanted its first chip in a human test subject. AdvertisementInterest from potential test subjects is rather slim, as is: just 2% would "definitely" consider getting a computer chip implanted in their brain "within the next year," below the margin of error for the poll. Overall, just 5% of respondents would at all consider getting a chip in the next year. Men were more than three times as likely as women (13% vs 4%) to be down for a commercially produced brain chip eventually. All told, 19% of respondents who said they read Dune would get a commercially available brain chip, and 11% of respondents who said they read Dune would get one this year.
Persons: Elon, , Elon Musk, Richard Foreman Jr, it's, Flowers, Algernon, Frank Herbert's, Algernon — Organizations: Service, Democrats, Independents, Summit Entertainment Locations: Silicon
Meta announces first ever dividend of $0.50
  + stars: | 2024-02-01 | 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 EmailMeta announces first ever dividend of $0.50Victoria Greene, G Squared Private Wealth Chief Investment Officer and Paul Hickey, Bespoke Co-Founder, and Dan Ives, Wedbush Managing Director, joins 'Closing Bell Overtime' to talk Meta earnings.
Persons: Victoria Greene, Paul Hickey, Dan Ives Organizations: Meta, Private Wealth, Wedbush
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