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☆ How Urban Outfitters’ Nuuly is outsmarting Rent the Runway
▼ + stars: | 2023-11-09 | by ( Natalie Rice | ) www.cnbc.com time to read: +3 min

Urban Outfitters Inc., or URBN, has been quietly building a new segment near its headquarters in Philadelphia. Launched in 2019, Nuuly is a clothing rental subscription service that features the company's brands Urban Outfitters, Free People and Anthropologie, as well as more than 400 other brands and designers. Nuuly is set to reach profitability in its third or fourth fiscal quarter of 2023. "Most of the timeframes that we've set up until now, we've been running ahead of," Hayne said. Though Nuuly isn't the first rental service on the market, analysts said there's a lot of opportunity in the nascent space.

Persons: Dave Hayne, Nuuly, Adrienne Yih, we've, " Hayne, Hayne, Yih, Vince Camuto Organizations: Urban Outfitters Inc, Urban Outfitters, Free, Barclays, McKinsey & Company, Analysts, Banana Locations: Philadelphia, URBN's, Kansas City , Missouri, Kansas, Banana Republic

☆ What are global firms with presence in Israel doing after Hamas attack
▼ + stars: | 2023-10-09 | by ( ) www.reuters.com time to read: +4 min

Following are the steps taken by the companies ranging from airlines to banks:TRAVELSeveral Asian, European and U.S. airlines have suspended direct flights to Tel Aviv. Delta Air Lines (DAL.N):The airline said it continues to monitor events in the region and has made the decision to cancel Delta-operated Tel Aviv flights through Oct. 31. Goldman Sachs (GS.N):The bank's employees at its office in Tel Aviv have been asked to work from home, a spokesperson said. TECHNvidia (NVDA.O):The world's largest maker of chips used for artificial intelligence and computer graphics said it had canceled an AI summit scheduled for Tel Aviv next week. CONSUMER AND RETAILH&M (HMb.ST):The clothing company said its local franchise partner has temporarily closed all stores in Israel.

Persons: Amir Cohen, El, Goldman Sachs, Morgan Stanley, Gautam Adani's, Jensen Huang, PHARMA Eli Lilly, Lilly, Priyamvada C, Mehr Bedi, Ananya Mariam Rajesh, Khushi, Jaiveer Singh, Samrhitha, Helen Reid, Sriraj Kalluvila, Shounak Dasgupta, Shinjini Organizations: Gaza, REUTERS, Palestinian, Hamas, Tel Aviv . Delta Air Lines, Royal, Chevron, JPMorgan Chase, Reuters, Bank of America, Bloomberg News, FedEx, TECH Nvidia, Tel, Inditex SA, PHARMA, Thomson Locations: Sderot, Israel, U.S, Tel Aviv, Royal Caribbean, Haifa Port, Zara, Bengaluru, London

☆ Buy these 5 high-upside stocks now before they pop, according to a 15-year investing veteran — including one that could soar over 50% by Halloween
▼ + stars: | 2023-09-27 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Like other technical analysts, Salama sees wisdom in mirroring the crowd, but trend-following indicators can also provide crucial contrarian buy or sell signals. Stocks have downward momentum, and the SPY just fell through the 434 level, which Salama said was key technical support. The value of the SPY is roughly one-tenth that of the S&P 500, so that corresponds to a break below 4,344 for the index. The SPY, a popular ETF mirroring the S&P 500, is oversold, according to the RSI (in blue). 5 high-upside stocks to buy nowAfter outlining his market outlook, Salama shared five stocks he's bullish on right now and gave a price target for each.

Persons: John Salama, he's, Salama, it's, they've, he'd, David Keller, Salama doesn't Organizations: Maverick, RSI, Trust, Wall Street, Bloomberg

☆ Investing in Space: Firefly's successful launch represents a key moment for company's future
▼ + stars: | 2023-09-21 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +4 min

The view from the upper stage of Firefly's Alpha rocket after deploying the Victus Nox satellite in orbit on Sept. 14, 2023. CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. But a few space insiders knew what was up: Firefly's Alpha rocket, carrying the Space Force's ambitious Victus Nox mission with a satellite built by Millennium. The trio of space organizations was targeting a seemingly absurd 24-hour launch timeline per the Space Force's rapid response goals. First, this was the third Alpha rocket that Firefly's launched.

Persons: CNBC's Michael Sheetz, Firefly's, Bill Weber, Vandenberg, Weber, –, MLV, we'll Organizations: Alpha, CNBC's, Millennium, Safari, Space, Firefly, Northrop Grumman, Northrop Locations: Texas

☆ This year's favorite trade on Wall Street could be in trouble, chart analysts warn
▼ + stars: | 2023-08-21 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

"That's a normal correction, when bull markets get overheated like this," said Dan Wantrobski, technical strategist at Janney Montgomery Scott. When a stock, for example, falls below its 200-day moving average, it is seen as a potential sign of more downside pressure. Earlier this month, the index fell below the commonly watched 50-day moving average. Fairlead Strategies' Katie Stockton is closely watching a popular trend-following gauge known as the moving average convergence/divergence indicator, or MACD — which recently flipped to a sell signal after reverting to a buy in November. Pressure from yields Technical indicators may help analysts detect where the market is headed, but macroeconomic factors remain the major action drivers influencing sentiment.

Persons: Dan Wantrobski, Janney Montgomery Scott, Wantrobski, Roth MKM's JC O'Hara, Katie Stockton, Stockton, O'Hara Organizations: Nasdaq, Wall

DWS said the resolution of allegations was a top priority but that it couldn't comment on timeframes or outcomes. Under Democratic leadership, the SEC has pledged to crack down on "greenwashing" and the inflating of ESG credentials to attract investors. DWS had earmarked civil litigation provisions of 8 million euros ($8.84 million) by the end of last year. DWS has been in settlement negotiations with Frankfurt prosecutors over a multi-million euro fine, one of the people said. Earlier in July, Reuters and other media reported that German prosecutors were investigating DWS' former CEO Asoka Woehrmann, who in the past has called allegations "unfounded".

Persons: DWS, Goldman Sachs, Asoka Woehrmann, Chris Prentice, Tom Sims, John O'Donnell, Louise Heavens, Susan Fenton Organizations: U.S . Securities, Exchange Commission, U.S, Deutsche Bank, Securities, SEC, Investigations, Democratic, Frankfurt, Reuters, Thomson Locations: FRANKFURT, Germany

There have been 195 ACL injuries across women soccer’s top leagues, according to the ACL Women Football Club. “It’s not a coincidence I think that you get Leah and Beth injured after the Euros last summer,” said Arsenal star Miedema. Miedema believes this was an issue that world soccer’s governing body FIFA must address. A British Journal of Sports Medicine study found women to be three to six times more likely to experience an ACL injury than men. European soccer’s governing body, UEFA, referenced to CNN the Women’s Health Expert Panel it established, which has a “high priority” researching ACL injuries.

Persons: Vivianne, –, Miedema, we’ve, It’s, ” Miedema, CNN’s Christina Macfarlane, – Leah Williamson, Beth Mead, Laura Wienroither, Canada’s Janine Beckie, Catarina Macario, France’s Delphine Cascarino, Ryan Pierse, ”, Pep, “, “ You’ll, Williamson –, “ It’s, Leah, Beth, “ They’ve, they’re, Leah Williamson, Clive Rose, Jonas Eidevall, Miedema’s Organizations: CNN, Arsenal, Women Football Club, United States Women’s National, League, English Premier League, FA, Champions League, England, ”, FIFA, of Sports Medicine, UEFA, Women’s, English Football Association, Super League, Barclays Women’s, Nottingham Trent University Locations: Netherlands, Man, Switzerland

☆ The US dollar is on the verge of a breakdown against the world's other top currencies
▼ + stars: | 2023-07-13 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The dollar is on the verge of a breakdown as other global currencies start to rise. The US Dollar Index fell below the 100 level this week, which represented a key support level. "A decisive breakdown is likely given a loss of momentum across timeframes," Fairlead Strategies said. While the dollar falls, other currencies are surging, including the euro, the yen, and the Canadian dollar, among others. "The breakdown in the Dollar Index is associated with a pending breakout in the Euro, which we also expect will be confirmed next week," he said.

Persons: Katie Stockton, Will Tamplin, Tamplin Organizations: Service, Stockton, Canadian Locations: Wall, Silicon, Stockton

Waits for renewals have increased from 11 weeks to 13 weeks. US passport renewal services are facing increased wait times this month as travelers gear up for Summer vacations. Processing times for routine passport renewals are now up to 13 weeks, with expedited services also increased to 7-9 weeks, according to the State Department website. Expedited passport renewal services are reserved for travelers whose departure dates are within less than 11 weeks away from the time of application and cost an additional $60. The agency has been slowly rolling out an online passport renewal option since August, with the latest application window closing earlier this month.

Persons: Waits, ” Antony Blinken, haven't, it's Organizations: State Department, Street, Passport Information

☆ Australia's critical minerals industry needs quicker permits, not subsidies, BHP says
▼ + stars: | 2023-06-27 | by ( ) www.cnbc.com time to read: +1 min

BHP Group's logo adorning the side of its global headquarters in Melbourne on February 21, 2023. Australia's critical minerals strategy does not need the sugar hit of more subsidies as good projects will find investment, but the country needs to hasten mine development timeframes and rework new workplace legislation, BHP's CEO said on Tuesday. BHP CEO Mike Henry's comments came a week after Australia, one of the world's biggest suppliers of raw minerals, outlined a strategy on how it will work with investors and international partners to build a critical minerals processing industry. Australia needs to do that." The government needs to address the overlap between state and national regulation as well as speed up permitting, he said.

Persons: Mike Henry's, Henry Organizations: BHP Locations: Melbourne, Australia, Brisbane, U.S

☆ TikTokers are using this Google Flights trick to book cheap airfare — here’s how it works
▼ + stars: | 2023-06-16 | by ( Jasmin Suknanan | Jason Stauffer | ) www.cnbc.com time to read: +11 min

However, TikTokers recently found a way to lower some of those travel costs, particularly when it comes to booking flights. The Google Flights "trick" is simple, but does require some flexibility in terms of where and when you're willing to travel. Here's how the feature works: Step 1: Open up your browser and type in Google Flights. Some TikTokers who posted about this trick have shown themselves finding flights to Cancun for $270 and Las Vegas for $94. Consider booking a flight with a layover While direct flights are convenient, flights with a layover often cost less.

Persons: it's, there's, TikTokers, You'll, you'll, Chase, Airfares Organizations: NerdWallet's, Google, Labor, New, Las, Chase, American, American Express, CNBC, Card, Delta, U.S . Supermarkets, CNBC Select's, Facebook, Twitter Locations: New York, New York City, Atlanta, Toronto, Cancun, Las Vegas, U.S, Italy

☆ How Ford, GM auto dealers are thinking about Detroit's EV transition and their future
▼ + stars: | 2023-06-03 | by ( Trevor Laurence Jockims | ) www.cnbc.com time to read: +12 min

If consumers are to be sold on the mass adoption of battery-powered electric vehicles, car dealers are going to be essential to the pitch. But she expects more Ford dealers will opt in at a future date, once they observe a meaningful consumer shift to EVs. "Despite significant increases in EV sales in 2023, dealers are largely skeptical about the OEM's timeframes on the EV rollout," Kerrigan said. A dealer in Santa Monica may decide more quickly, "I need to be all-in on EVs," Maas said. It also caps their total EV sales at 25% of inventory.

Persons: Robb Hernandez, Hernandez, Brian Maas, Maas, EVs, Kerrigan, Ford, Erin Kerrigan, Kelley, BEV, Dealers, Jim Farley, Farley, Tesla, Tesla's, Ford's Organizations: Ford, Bloomberg, Getty, EV, GM, Camino Real Chevrolet, Car Dealers, California Air Resources Board, Kerrigan Advisors, Toyota, ICE, CNBC, Auto Locations: Colma , California, Monterey Park, Calif, California, U.S, Santa Monica, EVs, Eureka

☆ Turkey opposition contests thousands of ballots after election
▼ + stars: | 2023-05-17 | by ( ) www.reuters.com time to read: +2 min

ANKARA, May 17 (Reuters) - Turkey's main opposition party said on Wednesday it had filed complaints over suspected irregularities at thousands of ballot boxes in Sunday's landmark election, in which President Tayyip Erdogan performed better than expected. He said the CHP had formally raised objections over 2,269 ballot boxes nationwide for the presidential election and 4,825 for the parliamentary vote that also took place on Sunday. In the presidential vote, Erdogan is headed for a runoff on May 28 against challenger Kemal Kilicdaroglu after falling just shy of the 50% threshold needed to win outright in the first round. "We are following every single vote, even if it does not change the overall results," Erkek told reporters in Ankara. There were a total of 201,807 ballot boxes set up for the election, in Turkey and abroad, Erkek said.

☆ 24-year-old barista's side hustle earns $9,000 a month, more than her full-time job—it only takes 8 hours a week
▼ + stars: | 2023-05-11 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

The idea behind Morgan Eckroth's social media business is simple: Create the "warmness and comfort of a coffee shop" online. Eckroth launched her account, MorganDrinksCoffee, as an experiment to hone her social media marketing skills in June 2019. While I was getting my degree [at Oregon State University], I always knew I wanted to go into media marketing and digital advertising. How does having a successful social media business affect the way you consume social media? I try my best not to consume my own content or other coffee content online.

☆ Watch the Donald Trump deposition for his rape trial, where he mixes up accuser E. Jean Carroll with his ex-wife
▼ + stars: | 2023-05-05 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +7 min

Donald Trump was deposed for a rape and defamation lawsuit brought by E. Jean Carroll. Under oath, Trump denied the rapeIn response to deposition questions by Carroll's attorney Roberta Kaplan, Trump continued to deny raping Carroll, as she alleged, and called her "mentally sick" and "not my type." In the deposition, Trump said he seldom purchased gifts for women he dated and denied that he publicly dated other women while married to Maples. AP Photo/John MinchilloTrump appeared to mix up various timeframes throughout the deposition video shown to jurors. Trump's attorney Joe Tacopina has said Trump will not testify in the Carroll trial, and rested the defense case on Thursday afternoon without bringing any witnesses.

☆ Bitcoin keeps wavering between a store of value and a high-risk asset. How investors square that with their traditional investments.
▼ + stars: | 2023-04-28 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +5 min

"If you make an investment into bitcoin, you understand that this is par for the course, it just is," he told CNBC. "Because bitcoin takes on a lot of asset profiles – risk asset, store of value, VC-like nascent asset class – investing in it is actually really attractive," said Greg King, CEO of investment company Osprey Funds. A very early technology play Looking at the price path on short timeframes, bitcoin will and often does mimic high-risk assets. Ross had a nuanced view, arguing that bitcoin remains a highly volatile asset. New crypto investors often overlook the Bitcoin technology, focusing instead on bitcoin the crypto asset.

☆ Analysis: No China, no deal: Bid to break sovereign debt logjams gets weary thumbs up
▼ + stars: | 2023-04-13 | by ( Libgeorge Marc Jones | Marc Jones | ) www.reuters.com time to read: +6 min

LONDON, April 13 (Reuters) - The latest bid by the world's leading institutions and creditors to speed up debt restructurings and get bankrupt countries back on their feet has been greeted by a mix of cautious optimism and weary scepticism by veteran crisis watchers. The somewhat loose framework around sovereign restructurings has seen Beijing seek to influence the traditional rules of engagement in these processes. The Common Framework platform introduced by leading G20 nations in 2020 aimed to bring all creditors, including China, together and streamline negotiations. Anna Ashton, director of China research at Eurasia Group, said this week’s developments underscored the benefits for China to give some ground on some of its concerns. "China is a difficult partner to talk to but we need China at the table for the solution of debt problems, because otherwise we won't see any progress," Lindner said.

☆ No China, no deal: Bid to break sovereign debt logjams gets weary thumbs up
▼ + stars: | 2023-04-13 | by ( Libgeorge Marc Jones | Marc Jones | ) www.reuters.com time to read: +6 min

☆ Tesla just flashed a sell signal that could spark a 14% decline amid more vehicle price cuts
▼ + stars: | 2023-04-07 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Tesla stock just flashed a sell signal that could spark 14% downside, according to Fairlead Strategies' Katie Stockton. The technical sell signal comes amid more price cuts for Tesla's Model 3, X, and S vehicles. A signal line is plotted, which can function as a buy and sell signal. "Incremental price cuts likely needed amid inventory build, especially as production at Austin and Berlin ramps [higher]," Barclay's said earlier this week. These price cuts should weaken Tesla's profit margins, which, aside from delivery figures, is what Wall Street is laser focused on.

[1/2] A general view shows a special ship, "Neptune", the floating liquefied natural gas terminal, during the inauguration of the Liquefied Natural Gas (LNG) terminal 'Deutsche Ostsee' in the port of Lubmin, Germany January 14, 2023. Northweat Europe LNG imports Northwest Europe LNG importsAnalysts estimate that Europe accounted for more than a third of global spot market trades in 2022, from around 13% in 2021. Such exposure could reach more than 50% this year if no long-term contracts were signed. Morten Frisch, senior partner at Morten Frisch Consulting, said Europe ideally needs about 70-75% of its LNG supply under firm long-term sale and purchase agreements (SPAs). LNG spot market prices LNG spot market pricesBut they are expected to rise again, with a hot summer that could cut hydro levels, a cold 2023-2024 winter and a rebound in Chinese LNG demand all seen as among the risk factors for price.

The grand jury has been hearing evidence from the Manhattan District Attorney's office about possible crimes related to a $130,000 payment to porn star Stormy Daniels before the 2016 presidential election. The Washington Post, citing two people familiar with the matter, said the grand jury hiatus was due in part to a pre-scheduled two-week break starting April 10, following the April 9 Easter holiday. A law enforcement source told Reuters the grand jury is not expected to reconvene on the Trump case until after Easter, without providing a specific date. Grand jury proceedings are secret. The grand jury is believed to meet generally on Monday, Wednesday and Thursday afternoons.

☆ Bitcoin, ether build on recent gains as investors await Fed rate hike decision
▼ + stars: | 2023-03-21 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Cryptocurrency prices were slightly higher Tuesday as investors braced for the conclusion of the Federal Reserve's two-day policy meeting on Wednesday. Bitcoin was trading back above the $28,000 level, after slipping below this threshold the previous day. Investors are looking forward to the latest policy decision to come out of the Fed's March meeting, which will conclude Wednesday afternoon. As of Tuesday afternoon, there is about a 83% chance of a quarter-point increase by the Fed, according to CME Group's FedWatch tool. While some investors have chalked up the recent crypto rally to dwindling confidence in centralized institutions like Credit Suisse and Silicon Valley Bank, many others maintain that inflation and Fed policy remain the biggest catalysts for the price of bitcoin.

☆ Governments' energy-related support to hit $1.65 trillion by year end - S&P Global
▼ + stars: | 2023-03-09 | by ( Marc Jones | ) www.reuters.com time to read: +2 min

LONDON, March 9 (Reuters) - The amount of money spent by governments subsidising energy costs since Russia's invasion of Ukraine is set to reach $1.65 trillion by the end of the year, credit ratings agency S&P Global has estimated. The firm calculated the total soared to $10 trillion once COVID pandemic spending was added on and that this year would see the overall stock of global sovereign debt reach a record $65 trillion in absolute terms. S&P based the figures on the 137 countries that it provides credit scores for. It forecast those countries would borrow the equivalent of $10.5 trillion this year, below the record $11.5 trillion set in 2021, but 40% higher than the pre-pandemic average. Global government debtReporting by Marc Jones; Editing by Amanda Cooper and Alison WilliamsOur Standards: The Thomson Reuters Trust Principles.

☆ The US passport system is backed up again — just in time for Spring break
▼ + stars: | 2023-02-28 | by ( Hannah Towey | ) www.businessinsider.com time to read: +3 min

The US passport system is backed up (again) — just in time for Spring break. Expedited passport renewal now lists a wait time of five to seven weeks, not including delivery. US passport renewal services are facing increased wait times this month as travelers gear up for Spring and Summer vacations. Travelers have been facing passport renewal backlogs for the past two years, as the government struggles to keep up with pent-up travel demand following the COVID-19 pandemic. If you applied and have not received your passport within five days of planned international travel, you should call the National Passport Information Center at 1-877-487-2778 to make an appointment at a passport agency, a State Department spokesperson said.

☆ Jim Cramer says to consider an analyst's call timeframe when investing
▼ + stars: | 2023-01-24 | by ( Krystal Hur | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Tuesday reminded investors to pay close attention to the scope of an analyst's calls. A day later, Bernstein downgraded the company's stock to market perform from outperform, citing concerns over a worsening PC market. Cramer said that in this case, neither analyst is necessarily wrong, because their arguments rely on different timeframes. Cramer added that while those periods of trading can be confusing, they can also be advantageous to investors, as long as they don't act rashly. However, it can also be wrong," he said, adding, "Either way, if you have conviction, the reaction can often be a great opportunity to buy, buy, buy, or sell."

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