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THE VEGAN, by Andrew LipsteinWe should all be feminists, Chimamanda Ngozi Adichie wrote, and at this point in climate change, we should probably also all be vegans (at least for part of the week). But in Andrew Lipstein’s ingenious second novel, avoiding meat and dairy is a sign that something has gone seriously wrong. Sort of like when Rosemary Woodhouse found herself nibbling on a raw chicken heart, part of the mounting evidence she was pregnant with Satan’s child, but in reverse. Like “Rosemary’s Baby,” “The Vegan” features young marrieds mulling conception and living in a highly desirable part of New York City — then, a four-room apartment in a Victorian building on the West Side of Manhattan; now, a brick townhouse in Cobble Hill— and a dinner party where a guest is effectively roofied. Only here the perpetrator is the protagonist, one Herschel Caine (which, were you to consult a naming dictionary, translates roughly to “deer killer”): partner at a quantitative hedge fund, with $2.8 million in his bank account, growing qualms about his line of work and a keep-up-with-the-Joneses anxiety about his neighbors, one of whom is a Guggenheim.
Persons: Andrew Lipstein, Chimamanda Ngozi Adichie, Andrew Lipstein’s, Rosemary Woodhouse, nibbling, New York City —, Herschel Caine Organizations: Guggenheim Locations: New York City, Manhattan, Cobble
LONDON, June 6 (Reuters Breakingviews) - Pandemic-era lockdowns and government stimulus have left euro zone citizens with 1 trillion euros in extra savings. That will leave consumer goods giants like $445 billion LVMH (LVMH.PA) downcast, but the European Central Bank pretty pleased. Euro zone citizens put as much as 1 trillion euros – or 8% of GDP – in their piggy banks since the health emergency, according to Oxford Economics’ estimates. Finally, euro zone savers have been favouring the higher returns offered by illiquid assets instead of sticking with easily accessible cash. These investments account for 33% of euro zone citizens’ total financial assets, compared to 30% before the pandemic.
Persons: can’t, , lockdowns, Christine Lagarde, George Hay, Oliver Taslic Organizations: Reuters, European Central Bank, Oxford Economics, White House, , Federal Reserve Bank of San, San Francisco Fed, Walmart, United Airlines, American Airlines, U.S, U.S . Federal, Allianz, BMW, stingy, Thomson Locations: U.S, Ukraine, Federal Reserve Bank of San Francisco, U.S ., Europe, Germany, France, Italy, Spain, That’s, Asia
On the agenda today:But first: The big takeaways from the Milken Institute Global Conference in Beverly Hills. Senator Joe Manchin (D-WV) speaks at the 2023 Milken Institute Global Conference Mike Blake/ReutersThe big-money set jetted into LA last week for the Milken Global Conference. Biggest opportunityCampbell: The pullback in lending by banks is raising the hopes of those in the private credit industry. Read more:'Junk fees'Getty ImagesIt goes by many names: an administrative fee, a transaction fee, even a "regulatory compliance" fee. Akash Nigam, the founder and CEO of Genies, who is spending $2,400 a month on ChatGPT accounts for all his employees.
Bed Bath & Beyond has filed for bankruptcy and is conducting an "orderly wind down" of its stores. 1 in several of the categories that Bed Bath & Beyond is best known for: kitchen and bathroom supplies, decor, storage, and bedding. Consumers will have fewer options with the demise of Bed Bath & Beyond, said Peter Greene, Numerator's Insights Practice Director for General Merchandise, in a statement. "Bed Bath & Beyond was slow to embrace and adopt the e-commerce boom, which was pioneered, advanced, and utilized to great success by direct competitors like Target, Walmart, and Amazon," Bed Bath & Beyond CFO Holly Etlin wrote in bankruptcy filings. Bed Bath & Beyond's sales plummeted from $11.1 billion in 2019 to an estimated $5.4 billion in 2022.
I spent much of yesterday parsing through pages of data on where Russian oil is heading and how much buyers are paying for barrels. Today we're unpacking two less obvious observations about Russian oil. That said, researchers pointed out that most of the Western companies still facilitating Russian oil shipments don't actually abide by the $60-a-barrel price cap that the EU and G-7 imposed. Ships carrying Russian oil, according to Argus, indeed make a premium for doing what they do, but that premium has shrunk over the last month. In effect, the "sanctions premium" isn't what it was a month ago.
Tankers carrying Russian oil command a "sanctions premium," but those margins have narrowed, Argus data shows. "Rates are likely to remain under pressure throughout April and into May as chartering is muted and looming OPEC+ cuts keep nibbling at shipowners' confidence." Argus data shared with Insider showed that the sanctions premium for Russian-origin cargoes from the Black Sea to the west coast of India narrowed by 50¢ per barrel month-on-month. Still, he added that the premium could hold for some time longer even in a weakening market, as sanctioned cargoes remain a valuable business. Tracking data from Kpler showed earlier this month that total Russian oil exports have now surpassed pre-war levels.
We are buying 20 shares of Caterpillar (CAT) at roughly $217.39 and selling 20 shares of Eli Lilly (LLY) at roughly $355.11. With the market dumping the cyclicals and favoring the defensives today, we are going against the grain by nibbling on weakness (Caterpillar) and selling into strength (Eli Lilly). As for Eli Lilly, the recent rotation back into pharmaceutical stocks has pushed LLY back near $360, which is about where it started in 2023. 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.
Margaritaville at Sea announced a $900 cruise pass that allows travelers to sail on the majority of its 2023 cruises. Margaritaville launched its cruise brand in 2022 with its Margaritaville at Sea Paradise vessel. The cruise line is currently operating nonstop two-night sailings from Florida's Port of Palm Beach to the Bahama's Freeport, Grand Bahama island. But if there's nowhere you'd rather be than on a Margaritaville cruise ship, you could potentially save hundreds of dollars with its newly announced cruise pass. Before its refresh, the ship was known as the Grand Classica, a 30-year-old flagship vessel owned by budget cruise company Bahamas Paradise Cruise Line.
Companies everywhere are trimming IT budgets to save on costs and that limits Cisco's ability to get the new orders. We are taking a little more than half of those CSCO dollars and buying some Eli Lilly . 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. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt's time to start nibbling at market opportunities, says Hightower Advisors' Stephanie LinkStephanie Link, chief investment strategist at Hightower Advisors, joins CNBC's 'Squawk Box' to break down potential investment opportunities ahead of the market open on Friday.
Jim Frankenback is the founder of Southampton Christmas Lights in Southampton, New York. I bought boxes of Christmas lights from the local hardware store and put a sign up on the outside of my barn that just said "Christmas lights installation" along with a phone number. Now, we have two crews of three people who install lights all over the Hamptons, from as far away as Westhampton and Montauk. Courtesy of Jim FrankenbachOur biggest concern when it comes to Christmas lights is water. While the majority of our jobs are for Christmas lights, we have also created a nine-foot-tall menorah for Hanukkah.
The Cuban restaurant Versailles has been a fixture in Miami's Little Havana neighborhood for the last 50 years. Courtesy VersaillesIt's also drawn celebrities, including Beyoncé and Jay-Z, and has been a destination for international tourists looking to eat a Cuban meal or just hang out outside la ventanita, sipping a Cuban coffee, nibbling a guava pastry and absorbing the surrounding culture. Republican presidential candidate Herman Cain drinks a Cuban coffee with Felipe Valls Sr. during a campaign visit to Versailles in 2011. “This is kind of their ground zero, the epicenter of the Cuban American community. On its website, Versailles calls itself “the world’s most famous Cuban restaurant.”
We're buying 25 shares of Salesforce (CRM) at roughly $147.28 each and 25 shares of Honeywell (HON) at roughly $170.28. In a very oversold market, according to our trusted S & P Oscillator , we've making two more small buys Monday afternoon. The Oscillator reached an extreme oversold reading of minus 10.66% after last week's sharp declines. As a reminder, any time the Oscillator moves below minus 4%, it signals oversold conditions in the market, which could mean it's due for a bounce. However, the Oscillator (and the market) could, of course, go even lower from here, especially as equities take their cue from the bond market.
We're buying 25 shares of Danaher (DHR) at roughly $272.79 each. We're also buying 100 shares of TJX Companies (TJX) at roughly $63.04 each. Following Tuesday's trade, the Trust will down 950 shares of TJX, increasing its weighting in the portfolio to 2.13% from 1.91%. We're adding to our position in Danaher and buying back 25 shares we previously sold at higher levels. Danaher shares have fallen about 3.5%, or $10, since the company made these two announcements last Wednesday after the closing bell, compared to a roughly 2.9% decline in the S & P 500 .
For many Nickelodeon actors, life at the network was surreal, the "Amanda Show" actor Raquel Lee told Insider. Schneider set up a meeting to discuss the situation. On the one hand, the success of Schneider's shows provided rare stability in a chaotic industry. None of Schneider's shows credited more than two female writers in the entirety of their runs; "Zoey 101" and "Drake & Josh" had zero. The writer wrote that Schneider once pressured her into simulating "being sodomized" while she was telling a story about high school, to her embarrassment.
Uber Eats is announcing expanded consumer goods and convenience offerings in its Super Bowl ad. The ad marks a partnership with Goop and the launch of new retail hubs on the Uber Eats app. "Nearly three million consumers order essentials beyond food each month through Uber Eats," the company wrote in a blog post earlier this week. In tandem with the Super Bowl ad, Uber Eats is also launching themed retail hubs for the Super Bowl and Valentine's Day that feature curated items available for delivery through the app. This will be the second Super Bowl ad for UberEats, following a 2021 spot starring actors Mike Myers and Dana Carvey as their popular "Wayne's World" characters.
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