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The Far East Shopping Center on Orchard Road in Singapore, on Thursday, April 11, 2024. Bloomberg | Bloomberg | Getty ImagesThe Far East Shopping Center along Singapore's Orchard Road has seen better days. Orchard Road, Singapore's main shopping street, is 2.2 km (1.3 miles) long but much of the activity takes place in the middle of the stretch as well as at selected malls linked via underground walkways to subway stations. Far East Shopping Center isn't connected to Orchard MRT unlike several of its neighbors. Two of the properties, the voco Orchard hotel and Forum The Shopping Mall, share some 180 meters of frontage along Orchard Road.
Persons: Ong Beng Seng, hasn't, CDL, Singapore's URA, URA, Richard Goh, Rasa Singapura, Sukanto Tanoto, Du Shuanghua, Jeremy Lake Organizations: Shopping, Bloomberg, Getty, Shopping Center, Singapore Botanic Gardens, Urban Redevelopment, Properties, Singapore, Developments, CDL Hospitality, Arts, CNBC, Singapore Botanic, Pacific Eagle, Food, Savills Singapore, Concorde Locations: Orchard, Singapore, Delfi Orchard, Istana Park, Canning, HPL
A majority of full-time workers, 66%, got a raise in the last year whether they asked for one or not, according to an October survey of 2,049 people from LendingTree. And not everyone is asking for a raise at equal rates: Just 35% of women discussed getting a raise, compared with 49% of men, according to LendingTree data. By age range, Gen Z and millennial workers (ages 18 to 43) are most comfortable negotiating for a pay increase. However, the second most-common reason people took a pay cut, at 17%, was in order to take another job with less stress. Roughly one-third of people who experienced a pay cut in the last year saw their salary drop by less than $5,000.
Persons: Z Locations: LendingTree
AdvertisementSome retailers are offering discounts and sales to win over inflation-weary shoppers. Discounts encourage shoppers to put off purchases, Laura Alber said. Many retailers are trying to lure in budget-conscious shoppers with discounts and other markdowns. Instead, Alber said that Williams-Sonoma has focused on getting shoppers to come back by offering consistent prices and quality items. Alber said on the company's earnings call that it wants to offer "approachable prices with great quality."
Persons: Laura Alber, Williams, Alber, CNBC's Jim Cramer Organizations: Williams, Sonoma, Walmart Locations: Sonoma
But cargo container trade data reviewed by CNBC tells a more nuanced tale. "We took some action to move product ahead of the port strike which came with more cost," Fiddelke said. Target's peak season imports for 2024 compared to 2023 were flat to down, according to cargo container volumes data pulled and analyzed by ImportGenius. According to customs data aggregated by Panjiva, Walmart imported 25,000 shipments from May 31-August 31, valued at $1.3 billion. "With any frontloading for the port strike, inventory would be up even higher than that."
Persons: Brandon Bell, Brian Cornell, Michael Fiddelke, Fiddelke, William George, Lynn Hughes, we're, Jerry Storch, Storch, Joe Feldman, Feldman, Bill Simon, Simon, Melissa Repko Organizations: Getty, CNBC, Target, ILA, ImportGenius, Storch Advisors, Panjiva, Walmart, Telsey Locations: Austin , Texas, U.S, New England, Texas, West Coast, Savannah , Georgia, Long Beach , California, of Virginia, West, East Coast, Gulf
We're selling 165 shares of Best Buy at roughly $86 each. Following Wednesday's trade, Jim Cramer's Charitable Trust will own 600 shares of BBY, decreasing its weighting to about 1.5% from 1.9%. BBY YTD mountain Best Buy YTD On Wednesday, however, we're selling some Best Buy shares for another reason: discipline. But we have to acknowledge that Best Buy competes with the big three on electronics. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Jim Cramer's, Donald Trump, There's, Jim Cramer, Jim Organizations: Federal Reserve, Walmart, Amazon, Costco —, TJX Companies, CNBC Locations: BBY, Williams, Sonoma
Following the trade, Jim Cramer's Charitable Trust will own 150 shares of CRWD, increasing its weighting to roughly 1.5% from 1%. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer's, CrowdStrike, Jim Cramer, Jim Organizations: CRWD, CNBC Locations: CrowdStrike, Ukraine, Russia
Palmer wrote about their "unhealthy relationship" in her new memoir, "Master of Me." Keke Palmer is reflecting on her "unhealthy" relationship with ex-boyfriend Darius Jackson and why it had to end. In August 2023, Palmer seemingly referenced Jackson's comments in Usher's music video for 'Boyfriend'In Usher's music video, Palmer was seen wearing a white bathrobe and getting glammed up for a night out with friends. Later in the video, Palmer and Usher bumped into each other at a casino, wearing the same outfit. Palmer wrote about her relationship with Jackson in her memoir, 'Master of Me'In her book, Palmer writes about Jackson's reaction to her appearance at Usher's concert, calling it "unexpected."
Persons: Keke Palmer, Darius Jackson, Leodis Jackson, Palmer, could've, Jackson, Palmer's, Leo, Sarunas Jackson, Alejandro, Dro, who's, Issa Rae, Derek White, WireImage Palmer, they'd, Tamron, Bustle's Sylvia Obell, Obell, Palmer didn't, Leodis Andrellton Jackson, I'm, Gregg DeGuire, Usher, you've, it's, Pop Crave, Jackson trespassed, Jackson didn't, didn't, she's, we've, Gayle King, Libby Torres Organizations: Business, HBO, Las, Entertainment, Palmer, CBS Locations: gush, Jackson, Palmer, Pacific Palisades , California, Instagram
The return of DCM activity signals that borrowers are gearing up for corporate dealmaking to return. Goldman's global head of financing broke down the trends in an interview with BI. On Wall Street, corporate borrowing is on a roll. Many of those clients are large companies or organizations being advised by Goldman's investment bankers, which means the DCM business is directly reliant on deal flow. AdvertisementGoldman CEO David Solomon ran Goldman's leveraged finance group before taking over its financing business, including debt and equity capital markets and derivatives.
Persons: Goldman Sachs, Donald Trump, Vivek Bantwal, Bantwal, We've, we've, Goldman, David Solomon, David Solomon Jeenah Moon, Denis Coleman, refinancings, weren't Organizations: University of Pennsylvania's Wharton School, Getty, Underwriters, Wall, Bloomberg, Getty Images Goldman, Goldman, Blue
Wall Street analysts are showing two cybersecurity stocks some love ahead of their quarterly results. In addition, Truist on Monday raised its price target on Palo Alto to $425 from $387 a share. "Larger platformization deals are leading to bigger long-term commitments," Truist said, citing conversations with Palo Alto customers and partners. PANW YTD mountain Palo Alto Networks (PANW) year-to-date performance Big picture Palo Alto Networks had a rocky start to 2024. And as with Palo Alto, remarks from management should give us a peek into the state of cyber spending overall.
Persons: Jefferies, Truist, management's, Nikesh Arora, Jim Cramer, Morgan Stanley, Jim, Jim Cramer's, Eduardo Munoz Organizations: ISI, Palo Alto Networks, Palo, Alto Networks, Palo Alto, CNBC, Traders, New York Stock Exchange Locations: Palo Alto, Ukraine, Russia, Palo, billings, New York, U.S
AdvertisementX has added Twitch as a defendant in a suit accusing advertisers of colluding to withhold ad spend. Ad revenue on X has plummeted since Elon Musk acquired the platform in 2022. Elon Musk's X is suing Twitch, alleging that the Amazon-owned video streaming platform and other companies illegally conspired to boycott advertising on the platform formerly known as Twitter. Twitch, X, and the WFA didn't immediately respond to requests for comment made by Business Insider outside normal US business hours. Musk's own behavior on and off the platform — including famously telling advertisers who boycotted X to "go fuck yourself" — hasn't encouraged advertisers to place their budgets there, either.
Persons: Elon Musk, Elon Musk's, Twitch, Stephan Loerke, it's, Ørsted, Twitch —, X's, hasn't, Jim Jordan, Donald Trump's, Abraham Yousef, Yousef Organizations: Global Alliance of Responsible Media, Elon, Twitter, Federation, WFA, Business, Unilever, CVS Health, Twitch, Google, Committee, WPP, Diageo, Tower Locations: Texas, Ohio
The news Evercore ISI raised its Disney price target to $134 per share from $128, implying more than 16.5% upside from Friday's close. Big picture Evercore's Disney price target bump Monday joins a string of analyst PT hikes last week following strong earnings. The recent run in Disney stock is reflective of renewed confidence in management's ability to get its financial house in order. The next big streaming target is for Disney's entertainment direct-to-consumer business to achieve 10% operating margin in fiscal 2026. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: Bob Iger, Iger, Jim Cramer, Jim, Jim Cramer's, Minnie Mouse, Disney Organizations: Disney, ISI, ESPN, CNBC Locations: Evercore
Top Morningstar strategist David Sekera says there's one sector that "deserves a place in everybody's portfolio" right now — the energy sector. Stocks Sekara is betting on within the energy theme include Exxon Mobil and Devon Energy . Morningstar has a four-star rating on Devon Energy and says it is trading at a 22% discount to fair value. The investment research company gives stocks a rating of between one and five stars, with a top rating indicating that the shares are undervalued. Sekera says that U.S. stocks are now trading around 6% higher than their fair value.
Persons: David Sekera, George Bull, Sander Morris, Aaron Dunn, Donald Trump's, Morningstar, Trump, Sekera, Sekara Organizations: Morgan, Value, Exxon Mobil, Devon Energy, Exxon Mobile, U.S, Trump, U.S . Federal Reserve Locations: U.S, Morgan Stanley's
AdvertisementKelly Green, 34, went to visit her parents in Tristan Da Cunha and fell in love. This as-told-to essay is based on a conversation with Kelly Green, the head of tourism at Tristan Da Cunha. But I misunderstood, as Edinburgh of the Seven Seas is a settlement in Tristan Da Cunha, one of the world's most isolated settlements with only around 236 inhabitants. I wanted to live in Tristan Da Cunha. Just because I decided to live on Tristan Da Cunha doesn't mean they have to live here forever.
Persons: Kelly Green, Tristan Da Cunha, Green, Shane, I've, Kelly Green Tristan Da Cunha, There's, they're Organizations: British Overseas, Cape Town, Gatwick Airport, England Locations: British, British Overseas Territory, England, Antigua, Bangladesh, Mozambique, Kenya, easyJet, Edinburgh, Scotland, Cape, South Africa
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.
Persons: Jim Cramer, Richard Tobin, Tobin, cryogenics, we'll, Jim Cramer's, Jim Organizations: CNBC, ., Stocks, Dover, Club, Marshall Excelsior Company, SPS Cryogenics, Nvidia, Walmart, Viking Holdings, Jim Cramer's Charitable Locations: Dover
Trump has flirted with changing budget laws, but experts told BI that could cause a massive fight. Despite its name, the DOGE will not actually be a government department, as departments are permanent and can only be created by Congress. "The Department of Government Efficiency (DOGE) will ultimately be staffed and dedicated to this mission," Brian Hughes, a spokesperson for Trump's transition team, told BI in a statement. "It just doesn't work, unless you decide to start cutting Social Security benefits or Medicare, at which point all hell breaks loose," she told BI. Trump, Musk, and Ramaswamy may try to circumvent the congressional obstacles standing in the way of their cost-cutting agenda.
Persons: Trump, Donald Trump, Elon Musk, Musk, Vivek Ramaswamy, Ramaswamy, Jim WATSON, Musk's, Elaine Kamarck, Bill Clinton, Kamarck, Brian Hughes, Barney Frank, Douglas Holtz, it's, Lisa Gilbert, Holtz, Eakin, he'll, they're, Gilbert, Brandon Bell, It's, aren't Organizations: Government, Wednesday, Department of Government, GOP, Trump, Brookings Institute, Social Security, Department, Government Efficiency, Congressional, Office, Management, Public Citizen, White, Bloomberg, SpaceX
Here are seven ways a Trump administration could affect your personal finances. During Trump’s first term, the 2017 Tax Cuts and Jobs Act temporarily expanded the child tax credit from $1,000 to $2,000. “He will deliver.”TaxesThe Trump administration is expected to focus on extending tax cuts introduced by the Tax Cuts and Jobs Act that are set to expire in 2025. The Trump administration wants to “promote choice and competition” and make health care more affordable, according to his policy platform. The Trump administration will likely cut red tape to encourage business and real estate developments.
Persons: Donald Trump, he’d, Trump, JD Vance, Maria Castillo Dominguez, , Karoline Leavitt, Vance, , ” Leavitt, Alan Auerbach, Social Security Trump, Biden, Berkeley’s Auerbach, Joe Biden’s, ” Auerbach, “ They’re, , Trump’s, Auerbach, Sarah Lueck, ” Trump Organizations: CNN, Social Security, Jobs, Valoria Wealth Management, Trump, Urban, Brookings Tax, Tax, UC Berkeley, Center, enrollees, Republicans, Public, Consumer, National Retail Federation, Health, Republican, Center for Budget, Medicare, it’s, Housing
Peter Thiel attributed recent Trump support in Silicon Valley, in part, to Elon Musk's efforts. Thiel told journalist Bari Weiss that Musk provided "cover" for other tech leaders to support Trump. AdvertisementBillionaire Peter Thiel credited Elon Musk, in part, with helping other tech leaders feel comfortable publicly supporting President-elect Donald Trump. Weiss asked Thiel if the Tesla CEO was "the critical ingredient" that allowed other business leaders to feel safe endorsing the divisive president. Thiel characterized the feeling inside Silicon Valley as one of growing frustration toward "corporate governance" and "how ridiculous it's gotten to manage these ideologically deranged millennial employees."
Persons: Peter Thiel, Trump, Elon, Thiel, Bari Weiss, Musk, , Elon Musk, Donald Trump, Marc Andreessen, David Sacks, Shaun Maguire, Reid Hoffman, Ron Conway, Mark Cuban, Kamala Harris, Weiss, Tesla, Vivek Ramaswamy, It's Organizations: Service, PayPal, Trump, Department of Government, SpaceX Locations: Silicon Valley, Silicon, November's, California, Texas
Elon Musk's Trump bump keeps growing
  + stars: | 2024-11-15 | by ( Jordan Hart | ) www.businessinsider.com   time to read: +1 min
AdvertisementElon Musk's businesses are thriving from his relationship with Trump, boosting his net worth. Musk's AI startup xAI is raising $5 billion, while SpaceX plans a share tender offer, the FT reported. Elon Musk's businesses are booming and that appears to be at least in part the result of his deepening relationship to the now president-elect, Donald Trump. Musk's AI startup xAI is now raising $5 billion in funding, the Financial Times reported. Trump's granddaughter, Kai Trump, said Musk was "achieving uncle status" in an X post on Sunday.
Persons: Trump, Donald Trump, xAI, Musk, Kamala Harris, Vivek Ramaswamy, Ramaswamy, Kai Trump Organizations: Elon, SpaceX, Financial Times, Trump, of Government Locations: Tesla
Gary Hershorn | Corbis News | Getty ImagesAll is well in the Magic Kingdom. Experiences, which includes parks, resorts, cruises and consumer products, was the second-highest revenue driver behind Disney's entertainment division, which tallied $41.18 billion in fiscal 2024. "It's small things adding up to big things," said David Lightbody, senior vice president of Disney Live Entertainment. Limited time holiday merchandise available at Disney parks. A stunning firework show is held at the Magic Kingdom Park in Walt Disney World Resort on July 1, 2021 in Lake Buena Vista, Florida.
Persons: Gary Hershorn, King Thanos, it'll, Gavin Doyle, Doyle, Mouse, Helene, Milton, David Lightbody, Lightbody, Lindsay Brookshier, Disney hasn't, Liao Pan Organizations: Magic, Walt Disney World, Corbis, Getty, Magic Kingdom, Disney, Big, Marvel, Epcot, Guardians, Falcon, Disney Live Entertainment, Walt Disney, Disneyland's, Pixar Fest, Medianews, Orange, China News Service Locations: Orlando , Florida, Magic, Florida, California, Hong Kong, Anaheim, Walt, Lake Buena Vista , Florida
Hundreds of hotel workers at a casino near the Las Vegas Strip went on strike just before dawn Friday after a long and highly publicized fight for a new contract. The strike at Virgin Hotels Las Vegas marks the first open-ended strike in 22 years for the Culinary Workers Union, the largest labor union in Nevada, with about 60,000 members. Virgin hotel workers are walking out RIGHT NOW at Virgin Las Vegas for a fair contract! "Workers at Virgin Las Vegas deserve a first-class contract with fair wage increases, and they are organized and ready to strike for it." Culinary Union members last went on strike in 2002 for 10 days at the Golden Gate hotel-casino in downtown Las Vegas.
Persons: Ted Pappageorge, Pappageorge, Bethany Khan Organizations: Vegas, Virgin Hotels, Culinary Workers Union, Virgin, Virgin Las, Culinary Union, Workers Locations: Virgin Hotels Las Vegas, Nevada, Virgin Las Vegas, Vegas, Golden, Las Vegas
Overall, the S & P 500 jumped 2.4% since the last monthly meeting, while the Nasdaq and Dow climbed 4.5%, and 2%, respectively. Wells Fargo up 13.9% Ever since the Fed kicked off its monetary easing cycle with a jumbo 50-basis-point rate cut in mid-September, financial names have soared. Wells Fargo, which did take a hit one week ago, posted a record-high close Wednesday. Research analysts at Bank of America, for example, raised their price target on Wells Fargo Monday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: It's, Donald Trump, Dow, Wells Fargo, Morgan Stanley —, Morgan Stanley, Bank of America —, Wells, Trump, dinged, Morgan, Jim Cramer's, Jim Cramer, Jim, Stephani Spindel Organizations: Nasdaq, Big Tech, Club, Microsoft, Trump, Depot, Dow, Wall Street, Jefferies, Bank of America, Meta, Fed, Wall, Research, Wells, Palo Alto Networks, Jim Cramer's Charitable, CNBC, New York Stock Exchange Locations: Wells, BlackRock, CrowdStrike, Wells Fargo, Amazon, American, Manhattan, New York City, U.S
Housing-related inflation accounted for half of the monthly rise, and energy prices were flat after dragging down the overall index for four of the past six months. The Consumer Price Index measures price changes across commonly purchased goods and services. Still, October’s increase was to be expected, due to unfavorable comparisons from a year ago and stubborn housing-related inflation. Consensus estimates were for a 0.2% monthly increase and a 2.6% annual increase in the overall CPI, according to FactSet. A potential ‘inflation shock’ in the wingsAlthough the broader US economy survived the sharpest inflation run-up seen in a generation, Americans’ finances — and their sentiment — were far from unscathed.
Persons: , ” Stephen Juneau, Donald Trump, Larry Summers, Kate Bolduan, Trump’s, Lindsay Rosner, Jerome Powell Organizations: CNN, Bureau of Labor Statistics ., Bank of America, BLS, , Trump, Biden, CNN News Central, Federal Reserve, Goldman Sachs Asset Management Locations: Ukraine
At Wisp, which offers two types of emergency contraception online, sales of those medications went up about 1,000% in just one day after Tuesday’s election. “We are seeing women actually stockpile emergency contraception pills,” Cepak said. “When you attack one piece of reproductive health care, it really has a ripple effect,” Friedrich-Karnik said. “People who need abortion care often also at some point need contraception, and people who need contraception might eventually need maternal health care,” she said. “People’s lives are fluid like that, and this care is fluid, and you can’t attack one piece of reproductive health care without really impacting the whole range of care that people need.”
Persons: Donald Trump, Trump, Monica Cepak, , ” Cepak, , Cynthia Plotch, it’s, ” Plotch, That’s what’s, It’s, ’ ”, Clayton Alfonso, ‘ I’ve, ’ ” Alfonso, Court’s Dobbs, Roe, Wade, Dr, Sanjay Gupta, Amy Friedrich, Karnik, ” Friedrich Organizations: CNN —, , Winx, Duke Health, American College of Obstetricians, Trump, Heritage Foundation, Republican, CNN, CNN Health, Guttmacher Institute Locations: United States, North Carolina
A notable portion of Silicon Valley's electorate has steadily shifted toward Donald Trump. In Santa Clara, San Mateo and San Francisco counties, Trump's voteshare increased by several points. But with more than 76% of the votes counted in San Francisco, Santa Clara, and San Mateo counties as of Tuesday, a trend is emerging. These numbers show that Trump and Republicans are still a long way off from gaining any real majorities in Silicon Valley. AdvertisementWhile Elon Musk is based in Texas these days, many of his companies, including Tesla, are still very active in Silicon Valley.
Persons: Donald Trump, San, , Kamala Harris, Harris, Joe Biden, Hilary Clinton, Francisco county's, Trump, Democrat —, Mark Zuckerberg, Marc Andreessen, Ben Horowitz, Horowitz, Elon, Tesla, reelect Trump, JD Vance, Peter Thiel, Ben Narasin, we've, voteshare Organizations: GOP, Service, Business, San, Apple, Google, Nvidia, State, Facebook, Meta, Republican, Trump, Democrat, Democratic, Venture, PayPal, Elon Locations: Santa Clara, San Mateo, San Francisco counties, San Francisco Bay, California, San Francisco, Mateo county, Silicon Valley, Texas, Atherton, San Mateo county
download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIt also undermines a core assumption about the future of generative AI: If you add more data and computing power, you get smarter and more powerful AI models. Top AI players have eye-popping valuations based on the promise that AI models will keep getting smarter and better with time. Getty Images; Chelsea Jia Feng/BISo what's holding AI models back from making another big jump? Anthony Scaramucci tells BI Trump's economic plans could cause a 1920s-style stock-market crash .
Persons: , OpenAI's, Fabrice Beaulieu, Justin Sullivan, That's, Insider's Hasan Chowdhury, Beatrice Nolan, Orion, OpenAI, Chelsea Jia Feng, Anthony Scaramucci, Trump, Viktor Kovalchuk, Michael M, Robert Perry, Rebecca Zisser, what's, Donald Trump —, Morgan Stanley, Carta, Jed Finn, Goldman Sachs, Jeremy Siegel, Trump's, Jeff Bottari, Donald Trump, Joe Rogan, elect's, Elon Musk, Tesla's, Musk, Timo Lenzen, Juan Merchan, Donald Trump's, Jack Teixeira, Dan DeFrancesco, Grace Lett, Ella Hopkins, Hallam Bullock, Amanda Yen, Milan Sehmbi Organizations: Business, Service, Orion, Getty, Companies, New York Times, Wall, Getty Images, Elon, BI, Trump Locations: GPT, undergrad, Mexico, New York, Ukraine, Massachusetts, Chicago, London
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