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☆ Former White House economic advisor says more Fed hiking is coming
▼ + stars: | 2023-08-29 | by ( Chelsey Cox | ) www.cnbc.com time to read: +1 min

WASHINGTON — A former White House economist on Tuesday said he thinks the Federal Reserve will hike interest rates again amid rising inflation numbers and energy prices. "The hiking is coming again," Kevin Hassett, former chairman of the Council of Economic Advisers under then-President Donald Trump, told CNBC's "Squawk Box." Hassett was referencing headline inflation, a measure of the total inflation within the economy including commodities such as food and energy. The CPI rose 0.2% for the month in July and 3.2% compared with the year prior. Though the annual rate of headline inflation came in below expectations, it marked an increase from 3% in June, according to the U.S. Bureau of Labor Statistics.

Persons: WASHINGTON —, Kevin Hassett, Donald Trump, CNBC's, Hassett Organizations: White House, of Economic Advisers, U.S . Bureau of Labor Statistics

☆ Ark Invest says it's not A.I. hardware it's focused on, it's software — and names 2 stocks
▼ + stars: | 2023-08-17 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

"We see that for every dollar spent on AI hardware like Nvidia GPUs, $8 could be pulled through in terms of AI software," he told CNBC's " Squawk Box Asia " on Wednesday. Ark Invest's flagship Ark Innovation ETF (ARKK) exited its position in Nvidia entirely in early January. 'Huge' beneficiaries Leggi named two AI software stocks that Ark is "focused on": Communication platform software firm Twilio and virtual health-care company Teladoc . Twilio accounts for 4.11% of the ARK Next Generation Internet ETF, and 4.04% of the ARK Innovation ETF, where it's in the top 10 holdings. Teladoc makes up 3.17% of the ARK Next Generation Internet ETF and 3.68% of the ARK Innovation ETF.

Persons: Renato Leggi, CNBC's, …, Leggi, Teladoc, it's Organizations: Nvidia, Invest, Innovation Locations: U.S

☆ Auto industry braces for contentious contract talks as UAW formally kicks off bargaining
▼ + stars: | 2023-07-12 | by ( Michael Wayland | ) www.cnbc.com time to read: +11 min

Rebecca Cook | ReutersDETROIT — United Auto Workers President Shawn Fain promised union members he'd do things differently during contract talks with the Detroit automakers this year. Playing hard ball"We're in the process of changing the culture of this union from a reactionary, defensive union, to an aggressive and offensive-minded union," Fain said last month during a Facebook livestream. The deals cover roughly 150,000 UAW members who work for the automakers. United Auto Workers members on strike picket outside General Motors' Detroit-Hamtramck Assembly plant in Detroit, Sept. 25, 2019. "The federal government is pouring billions into the electric vehicle transition, with no strings attached and no commitment to workers," Fain said earlier this year.

Persons: Shawn Fain, Rebecca Cook, he'd, Fain, Gary Jones, Bill Ford, Ford Fain, —, Jim Farley, Chuck Browning, We've, … We're, Joe Biden, John Murphy, Stellantis, Reuters Stellantis, What's, Michael Wayland, BofA's Murphy, Steve Fecht Organizations: Reuters DETROIT — United Auto Workers, Detroit, UAW, Motors, Ford Motor, Ford, Headquarters, Facebook, " Bank of America Securities, General Motors, BofA Securities, GM, Fiat Chrysler, Fiat Chrysler Automobiles, FCA Sterling Heights Assembly, Reuters, United Auto, United Auto Workers, Hamtramck Assembly, CNBC, Center for Automotive Research, Deere, Co, Caterpillar, Ultium Cells, LG Energy, Tech Center Locations: Detroit, Illinois, Stellantis, Sterling Heights , Michigan, Hamtramck, Lordstown , Ohio, Warren , Michigan

☆ Wall Street analysts reveal their top ideas for the second half, including this red-hot solar name
▼ + stars: | 2023-07-01 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Wall Street analysts have rolled out a slew of top picks that they say investors must own as the second half of 2023 gets underway. They include First Solar, Torrid , Boston Beer, ServiceNow and Boston Scientific. ServiceNow Wells Fargo analyst Michael Turrin is expecting a big second half from the workflow software solutions company. First Solar There's no shortage of positive catalysts "brewing" as the second half kicks off, according to Goldman Sachs analyst Brian Lee. First Solar — Goldman Sachs, buy rating "Catalysts brewing into 2H23 set up well for more positive estimate revisions.

Persons: Roth, Bill Kirk, seltzer, Seltzer, Bud Light, Kirk, Boston Beer, Wells, Michael Turrin, We're, Turrin, ServiceNow, Goldman Sachs, Brian Lee, Lee, — Roth, … We're, Mgmt Organizations: CNBC, Boston Beer, Boston Scientific, Boston, Bank of America, 2Q, Scientific, Barclays, BSX Locations: Boston, Wells

☆ Inside Infowars' crumbling empire: Ex-Staffers reveal the 'volatile' and 'unhinged' atmosphere working for conspiracy theorist Alex Jones
▼ + stars: | 2023-06-11 | by ( Tom Porter | Ashley Collman | ) www.businessinsider.com time to read: +23 min

One afternoon in the spring of 2017 Alex Jones furiously lunged at his video producer. According to Jacobson, Jones had to be restrained by another Infowars staffer lest he actually hurt him. Alex Jones did not respond to Insider's request for comment. Owens also said he felt guilty about his complicity in promoting the Sandy Hook conspiracy theories during his time working there. "People hearing the words Sandy Hook, they automatically think Alex Jones," she added.

Persons: Alex Jones, lunged, Robert Jacobson, Jones, Jacobson, hawking, Paul Simon, Bruce Springsteen, Alex, baselessly, David, doesn't, Sandy Hooks, Sandy Hook, Josh Owens, Owens, Marjorie Taylor Greene, John Travolta, badgering, George, we're, Jone, Nuri Vallbona, lackey, …, That's, I'm, Christmas Jones, Kelly, David Duke, Duke, Infowars, He'd, David McCullough, Christopher Jordan, Jordan, they're, Megan Squire, Squire, Dave Mustain, Tim Kennedy, Donald Trump, Chris Mattei, Judge Barbara Bellis, Daria Karpova, Karpova, " Jacobson, he'll, He'll Organizations: Austin, Austin Community, Facebook, Factory, Infowars, Iron, Alamo, New York Times Magazine, REUTERS, New, Senate, Housing, Southern Poverty Law Center, San Diego, Free Speech Systems, YouTube, Sandy, Connecticut Superior, Associated Locations: Austin, Texas, USA, Infowars, Atlanta, Austin , Texas, U.S, New York City, Louisiana, Infowar, Newtown, Connecticut, New Orleans, Waterbury, Conn

☆ As G-7 Summit kicks off in Hiroshima, China and Russia are on everyone’s minds
▼ + stars: | 2023-05-18 | by ( Jihye Lee | ) www.cnbc.com time to read: +5 min

A man rides his bicycle past a "G7 Hiroshima" flower sign at the Peace Memorial Park in Hiroshima, ahead of the G7 Leaders' Summit, on May 17, 2023. (Photo by Philip FONG / AFP) (Photo by PHILIP FONG/AFP via Getty Images) Philip Fong | Afp | Getty ImagesThe annual Group of 7 summit officially kicks off on Friday in Hiroshima, Japan. A sign of G7 Hiroshima Summit is pictured in Hiroshima, ahead of the G7 Leaders' Summit, on May 16, 2023. G-7 finance leaders and central bankers finalized a three-day meeting in Niigata last week. "The U.S. will have a package of sanctions associated with the G-7 statement that will center on this enforcement issue," he told reporters.

☆ JPMorgan's massively popular income ETF is getting beat by its own sister fund
▼ + stars: | 2023-05-14 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

Investors are still jumping into the fund in 2023, pushing its total assets to about $26 billion. Through May 11, the fund has a total return of just 3.4% year to date, underperforming the S & P 500. Meanwhile, its sister fund, JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) , has been a big winner for investors. That fund has returned more than 17% this year, and its 30-day SEC yield is nearly 14%, as Nasdaq stocks have outperformed the S & P 500. "More volatile means you're going to get more potential upside by selling a farther-out-of-the-money call, and more income," Reiner said.

☆ Philippines, China to discuss fishing rights in South China Sea - Marcos
▼ + stars: | 2023-05-01 | by ( ) www.reuters.com time to read: +2 min

MANILA, May 1 (Reuters) - Philippines President Ferdinand Marcos Jr said China has agreed to discuss fishing rights in the South China Sea, as he pushed for a "direct communication line" with Beijing on maritime differences. China has agreed to "sit down" and talk about Filipinos' fishing rights in the South China Sea, Marcos said, adding he has asked the Philippine Coast Guard and the Department of Foreign Affairs "to put together...a map of these fishing grounds" that will be presented to Beijing. The Philippines accused China's coast guard on Friday of "aggressive tactics" following a recent incident during a Philippine coast guard patrol close to the Philippines-held Second Thomas Shoal, a flashpoint for previous altercations located 105 nautical miles (195 km) off its coast. The United States has urged China to stop harassing Philippine vessels in the South China Sea, while Beijing said it was willing to handle maritime differences with countries of concern through friendly consultations, while warning Washington against interference. China claims sovereignty over almost the entire South China Sea, with a "nine-dash line" on maps that stretches more than 1,500 km (930 miles) off its mainland and cuts into the exclusive economic zones of Vietnam, the Philippines, Malaysia, Brunei and Indonesia.

☆ Authorities identified a Capitol rioter because he wore a bright red backpack with his last name embroidered on it
▼ + stars: | 2023-03-06 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +4 min

Accessories helped authorities to identify him, including a pair of Pit Viper sunglasses. Christopher Carnell, who appeared in a Raleigh court on Thursday, was caught on CCTV cameras with a bright, red backpack with his last name stitched on the back. Other fashion statements that helped to identify him and his friend David Worth Bowman included a pair of Pit Viper sunglasses and a blue facemask. After seizing Bilyard's phone, authorities found a group chat with three of Bilyard's friends, including Carnell and Bowman. Two days after the riot, the group also spoke in code about entering certain parts of the US Capitol Building.

☆ 'We are a long way from the top': Morgan Stanley’s Slimmon picks stocks to ride the rally
▼ + stars: | 2023-02-17 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Morgan Stanley Investment Management's Andrew Slimmon says that stocks are set to rally further. The economy is proving to be "far more resilient" than what the doomsayers had projected, says managing director and senior portfolio manager Slimmon. Stocks went through a difficult year in 2022, with the S & P 500 plummeting nearly 20%. Slimmon predicted that the U.S. Federal Reserve will raise rates a few more times, before pausing. Stock picks Although growth stocks such as tech have bounced back this year, Slimmon says the "real opportunity" is in cyclical stocks.

☆ US Stocks end mixed as investors wade through fresh crop of earnings report
▼ + stars: | 2023-01-25 | by ( Carla Mozée | ) www.businessinsider.com time to read: +2 min

US stocks closed mixed Wednesday after a choppy session amid fresh earnings. The S&P 500 remains higher early in the new trading year. The S&P 500 lost ground for a second consecutive day but pared deeper losses. Here's where US indexes stood at the 4:00 p.m. closing bell on Wednesday:The S&P 500 so far this year has gained more than 4% after tumbling 19% in 2022. "A month from now … we're probably going to see another two, three, four percent taken out of earnings expectations for this year.

☆ The filmmakers behind a secretive new Brett Kavanaugh documentary said they got new tips about him as soon as the film was announced: 'I do hope this triggers action'
▼ + stars: | 2023-01-21 | by ( Kelsey Vlamis | Alison Brower | ) www.businessinsider.com time to read: +5 min

The filmmakers said they started getting new tips about Kavanaugh right after the film was announced. Programmers of the indie film fest, held annually in Park City, Utah, revealed Thursday that the film "Justice" from director Doug Liman would screen on Friday evening. The film centers on accusations initially made against Kavanaugh in 2018, when he was nominated to the Supreme Court by President Donald Trump. "I do hope that this triggers outrage, I do hope that this triggers action, I do hope that this triggers additional investigation with real subpoena powers." He previously told the Hollywood Reporter that "the Supreme Court, which is sacred for all of us, holds special meaning for me."

☆ Inside the turmoil at Cheddar News, where an editorial 'identity crisis' and misfired social media strategy divided the newsroom and drove staffers to the exits
▼ + stars: | 2023-01-09 | by ( Reed Alexander | Elaine Low | ) www.businessinsider.com time to read: +21 min

16 insiders described unrest and discord partly fueled by the site's revamped social media strategy. Malaspina's plan was for Cheddar to look and feel like a social media platform and to position its stars as influencers. Concerns inside Cheddar intensified when Malaspina, a newcomer to journalism, refocused its coverage on social media content. Multiple segments and even an entire show — "Trending" at 7 p.m. — centered on social media trends and TikTok challenges. It's very troubling to think that news professionals would inflate or distort their social media followings.

☆ Pro-Biden super PAC plans 2024 focus on Pennsylvania, Wisconsin, and Michigan
▼ + stars: | 2022-12-25 | by ( Nicole Gaudiano | ) www.businessinsider.com time to read: +6 min

A pro-Biden super PAC is getting ready for Joe Biden to announce his reelection campaign. Unite the Country plans to target Pennsylvania, Wisconsin, and Michigan once he officially announces he's running. The pro-Biden super PAC Unite the Country plans to target those battleground, Democratic-leaning states with a messaging blitz once Biden officially announces he's running for reelection. They spent about $6 million through November during the 2022 election cycle, with a focus on Michigan, Wisconsin, Pennsylvania, and Arizona. Loveday said she hasn't discussed Biden's plans with him, but she has "full confidence" that he will run in 2024.

☆ Bill Gates upbeat on climate innovation, even if 1.5C goal out of reach
▼ + stars: | 2022-12-20 | by ( Katy Daigle | ) www.reuters.com time to read: +4 min

The software-developer-turned-philanthropist was nevertheless upbeat about climate innovation - ticking off numerous areas advancing low-carbon technologies with funding from the Breakthrough Energy Group, which Gates founded in 2015. Gates has invested more than $2 billion toward climate technologies, including direct air capture, solar energy and nuclear fission. Breakthrough Energy, however, operates separately from the Gates Foundation charity. But any Breakthrough Energy profits are funneled back into the group or to the foundation. He did not elaborate on the DAC companies' plans.

☆ Biden waiting too long to announce his reelection bid could be 'disastrous' for other Democratic contenders
▼ + stars: | 2022-12-07 | by ( Nicole Gaudiano | ) www.businessinsider.com time to read: +8 min

But they may be reluctant to jump in the race if President Joe Biden plans to run for reelection. If he keeps Democrats waiting too long, other possible contenders may have to start running or get left behind. "No one's going to get in before Biden will, before Biden makes his decision," said Rep. Seth Moulton, of Massachusetts, who ran in the 2020 Democratic presidential primary. Biden has said his intention is to run for reelection, and he expects to make his official decision early next year. Asked about other Democratic candidates, Warren responded: "What about 'em?

☆ Salesforce employees say they were blindsided by Bret Taylor's departure
▼ + stars: | 2022-12-01 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +5 min

Today's not a typical day for the staff at Salesforce, some of whom told us they were blindsided by co-CEO Bret Taylor's decision to step down. Below, we've got details on what Salesforce employees — including now-solo CEO Marc Benioff — are saying about Taylor's announcement. Salesforce employees were blindsided by Bret Taylor's departure. The sudden announcement left many at the company feeling blindsided, employees and others close to the company told Insider. Here's what workers told us about Taylor's departure.

☆ Joe Biden, who turns 80 on Sunday, may struggle to win voters concerned about his age in 2024. But he's also the 'guy who knows how to beat Donald Trump.'
▼ + stars: | 2022-11-18 | by ( Nicole Gaudiano | ) www.businessinsider.com time to read: +6 min

"He knows he can beat Trump," Jim Moran, a former Democratic House member from Virginia, told Insider. As Trump trashed Biden while announcing his third presidential bid, Biden responded with a video detailing the low points of Trump's record on Twitter, writing "Donald Trump failed America." "The obligation would be cataclysmic, existential, monumental," the friend told Insider in an August interview. On Friday, the progressive "Don't Run Joe" campaign released a birthday greeting for Biden, urging him not to seek re-election. "If our focus is on winning, then going with the guy who knows how to beat Donald Trump is a pretty smart play," Sen. Chris Murphy, a Connecticut Democrat, previously told Insider.

☆ Despite the recent chaos, UK stockpickers are rubbing their hands: Here's what they're buying
▼ + stars: | 2022-11-10 | by ( Elliot Smith | ) www.cnbc.com time to read: +6 min

The U.K. has been beset by political and economic instability in recent months, but as the investment environment undergoes a fundamental transition, investors see opportunity. These attractive valuations for U.K. stocks were also identified in a note last week by BlackRock Fundamental Equities. "Not only has the U.K. discount widened to a level not seen since 2008, but companies are buying back record amounts of their own shares. This compares to the current yield on UK 10-year gilts of around 4%." GAM holds around 50% of its U.K. equity income portfolio in small and midcap stocks, with a focus on companies with strong competitive moats.

☆ Taxation is a blunt instrument, IATA chief Willie Walsh says: 'The carrot is far more effective than the stick'
▼ + stars: | 2022-11-07 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +3 min

watch nowThe aviation industry requires more carrot and less stick going forward to become more sustainable, according to the director general of the International Air Transport Association. "Quite honestly, all of the evidence that we have available shows that the carrot is far more effective than the stick," Walsh replied. Among other things, this would see both maritime and aviation fuels taxed. "So for us, the key to our goal is the use of sustainable aviation fuels — the science there is proven." "What we've got to do is turn what is very low levels of production of sustainable fuels into widespread availability."

☆ Oath Keepers founder Stewart Rhodes drafted a text to Trump warning that Biden would 'turn all that power on you,' feds reveal at trial
▼ + stars: | 2022-11-02 | by ( C. Ryan Barber | ) www.businessinsider.com time to read: +4 min

A government witness recorded a meeting with Oath Keepers founder Stewart Rhodes after January 6. Jason Alpers said Rhodes typed a message for Trump warning his children would "die in prison." In that draft message, Rhodes sought to tell Trump that he "must do as Lincoln did." Federal prosecutors are expected to rest their case against Rhodes and the four other Oath Keepers members on Wednesday. At the outset of the trial, Rhodes' lawyer told jurors that the Oath Keepers founder planned to testify in his own defense.

☆ A Goldman banker quit his job to build a startup — and scored an Alibaba deal. He shares 4 top tips
▼ + stars: | 2022-09-20 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +6 min

"One of the things that I love the most about e-commerce is that it's fair, it's a fantastic equalizer," said Bjarke Mikkelsen, founder and CEO of Daraz. After spending six years working for Goldman Sachs as an investment banker, Bjarke Mikkelsen faced a dilemma. "The idea was always to build something that was inspired by Amazon and Alibaba, where you have three elements. "If I came in try to build an e-commerce business that look the same way that Amazon looks in Denmark, that would not work," he added. Bjarke Mikkelsen Founder and CEO, Daraz"I didn't know what I was doing … just doing a few things 100% right was very, very challenging."

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