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☆ Chamath Palihapitiya calls Warren Buffett the 'GOAT' after figuring out his Japanese bet
▼ + stars: | 2023-06-22 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Prominent tech investor Chamath Palihapitiya expressed his admiration towards Warren Buffett, calling the "Oracle of Omaha" the greatest of all time after analyzing his latest bet on Japan. The 92-year-old Buffett recently hiked his stakes in five Japanese trading houses — Itochu , Marubeni , Mitsubishi , Mitsui and Sumitomo — to more than 8.5%. These companies, which are roughly akin to a conglomerate structure just like Berkshire, make good investments because they are stable dividend payers and earning growers, Palihapitiya said. The 92-year-old Buffett paid a visit to Japan and met with the heads at these Japanese firms earlier this year. Similar to Berkshire, the Japanese trading firms, also known as sogo shosha, are conglomerates involved in a wide range of products and services, including energy, machinery, chemicals, food, finance and banking.

Persons: Chamath Palihapitiya, Warren Buffett, Palihapitiya, Capital's Palihapitiya, Buffett, What's, he's Organizations: Buffett, Mitsubishi, Mitsui, Sumitomo, Tokyo Stock Exchange Locations: Omaha, Japan, Berkshire

☆ FedEx likely to continue to cyclical headwinds as years go on, says Advisors Capital's JoAnne Feeney
▼ + stars: | 2023-06-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFedEx likely to continue to cyclical headwinds as years go on, says Advisors Capital's JoAnne FeeneyJoAnne Feeney, Advisors Capital Management partner and portfolio manager, joins 'Squawk Box' to discuss where markets could see earnings results similar to FedEx, her thoughts on Lennar, and more.

Persons: Capital's JoAnne Feeney JoAnne Feeney Organizations: FedEx, Capital Management

☆ Intel to sell 20% stake in Austrian chip company
▼ + stars: | 2023-06-21 | by ( ) www.reuters.com time to read: +1 min

June 21 (Reuters) - Intel (INTC.O) said on Wednesday it would sell one-fifth of its stake in IMS Nanofabrication to private equity firm Bain Capital in a deal valuing the Austrian producer of chipmaking tools at about $4.3 billion. Intel's stake sale of 20% was valued at $860 million, according to Reuters calculations. IMS, which was acquired by Intel in 2015, makes equipment that are critical for companies that make chips. It has delivered a significant return on investment to Intel while growing its workforce and production capacity by four times, Intel said. Bain Capital's investment in IMS will put it in a position to capture significant market share for its tools that are being widely adopted by chipmakers, Intel said.

Persons: Bain, Akash Sriram, Chavi Mehta, Sriraj Kalluvila Organizations: Intel, IMS, Bain Capital, chipmakers, Thomson Locations: Austrian, Bengaluru

☆ Watch CNBC’s full interview with FBB Capital's Mike Bailey on state of U.S. stock market
▼ + stars: | 2023-06-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with FBB Capital's Mike Bailey on state of U.S. stock marketMike Bailey, FBB Capital Partners, joins 'Power Lunch' to discuss what's next for tech and the reason for the markets being down for the third straight day in a row.

Persons: FBB Capital's Mike Bailey, Mike Bailey, what's Organizations: FBB Capital Partners Locations: U.S

☆ Kyiv official named as suspect in bomb shelter deaths probe
▼ + stars: | 2023-06-20 | by ( ) www.reuters.com time to read: +1 min

KYIV, June 20 (Reuters) - Prosecutors served a notice of suspicion to the head of Kyiv's municipal department for security on Tuesday after three people died in a Russian air attack when they were unable to get into a bomb shelter, the prosecutor's office said. The prosecutor's office said the suspect was accused of improperly performing their official duties and that a lack of control over the maintenance and readiness of city bomb shelters led to the deaths and injuries of people. Kyiv's prosecutor's office did not name the suspect, but the capital's city council identified him as Roman Tkachuk and said the municipal security department was cooperating and providing access to available documentation. An audit, ordered by Zelenskiy, showed that condition of 15% of Kyiv's 4,655 shelters was suitable, while only 44% were freely accessible. Reporting by Anna Pruchnicka and Kyiv Newsroom; Editing by Tom Balmforth and Conor HumphriesOur Standards: The Thomson Reuters Trust Principles.

Persons: Volodymyr Zelenskiy, Kyiv's, Roman Tkachuk, Zelenskiy, Anna Pruchnicka, Tom Balmforth, Conor Humphries Organizations: Prosecutors, Kyiv, Thomson Locations: Kyiv's, capital's

☆ Rome to open ancient square where Julius Caesar was killed
▼ + stars: | 2023-06-19 | by ( ) www.reuters.com time to read: +1 min

[1/5] General view shows the archaeological area of Largo Argentina a day before it reopens to the public after restoration, in Rome, Italy June 19, 2023. REUTERS/Remo CasilliROME, June 19 (Reuters) - History buffs will be able to stroll close to the spot where legend says Julius Caesar met his bloody end, when Rome authorities open a new walkway on the ancient site on Tuesday. According to tradition, he died in the capital's central Largo Argentina square - home to the remains of four temples. Italian fashion house Bulgari funded the work at a site that was first discovered and excavated during building work in Rome in the 1920s. The area - close to where Caesar is supposed to have exclaimed "Et tu, Brute?"

Persons: Remo Casilli ROME, Julius Caesar, William Shakespeare, Caesar, Brutus, Keith Weir, Andrew Heavens Organizations: REUTERS, Thomson Locations: Largo Argentina, Rome, Italy, Italian

☆ The market rally reflects the strength of the economy, says Advisors Capital's Chuck Lieberman
▼ + stars: | 2023-06-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe market rally reflects the strength of the economy, says Advisors Capital's Chuck LiebermanChuck Lieberman, co-founder and CIO of Advisors Capital Management, and Tom Forte, D.A. Davidson managing director and senior research analyst, join 'Squawk on the Street' to discuss the market as S&P 500 heads for the best week since March and what it means for the economy.

Persons: Chuck Lieberman Chuck Lieberman, Tom Forte, D.A, Davidson Organizations: Advisors Capital Management

☆ We can't make a uniform statement about the state of the economy, says Cresset Capital's Jack Ablin
▼ + stars: | 2023-06-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe can't make a uniform statement about the state of the economy, says Cresset Capital's Jack AblinRon Insana, Contrast Capital partners co-CEO, and Jack Ablin, Cresset Capital founding partner and CIO, join 'Power Lunch' to discuss the Fed's pause in the rate hikes, the state of the economy, and more.

Persons: Cresset, Jack Ablin Ron Insana, Jack Ablin Organizations: Capital, Cresset

☆ Acore Capital's Warren De Haan say he's finding opportunities in multifamily real estate
▼ + stars: | 2023-06-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAcore Capital's Warren De Haan say he's finding opportunities in multifamily real estateWarren De Haan, Acore Capital co-CEO, joins 'The Exchange' to discuss lender strength and where to find opportunity in credit and commercial real estate.

Persons: Warren De Haan Organizations: Acore

☆ The A.I. flood has gone too far too fast, says Requisite Capital's Bryn Talkington
▼ + stars: | 2023-06-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe A.I. flood has gone too far too fast, says Requisite Capital's Bryn TalkingtonCNBC's 'Halftime Report' investment committee, Josh Brown, Bryn Talkington, Rob Sechan and Jim Lebenthal, discuss the Fed pause, and Cava shares surging and market rally.

Persons: Bryn, CNBC's, Josh Brown, Bryn Talkington, Rob Sechan, Jim Lebenthal Locations: Cava

☆ Three Arrows Capital's NFTs fetch $10.9 mln at Sotheby's
▼ + stars: | 2023-06-15 | by ( ) www.reuters.com time to read: +2 min

LONDON, June 15 (Reuters) - A set of non-fungible tokens previously bought by bankrupt cryptocurrency hedge fund Three Arrows Capital sold for $10.9 million at Sotheby's in New York on Thursday, the auction house said. Non-fungible tokens (NFTs) are a blockchain-based asset that represents ownership of a digital item such as an image, video or piece of text. It sold for $6.2 million on Thursday, Sotheby's said, having been bought by Three Arrows Capital for around $5.9 million in August 2021 according to DappRadar data. Singapore-based Three Arrows Capital was the first in a series of major crypto firms to go bankrupt in 2022, following the collapse of cryptocurrencies Luna and TerraUSD. Another seven of Three Arrows Capital's NFTs were already sold for $2.5 million at a Sotheby's auction in May.

Persons: Dmitri Cherniak, Sotheby's, Michael Bouhanna, cryptocurrencies Luna, NFTs, Elizabeth Howcroft, Nilutpal Timsina, Sonali Paul Organizations: Arrows Capital, Arrows, U.S, Three Arrows Capital, NFTs, Thomson Locations: New York, Sotheby's, Singapore

☆ Some venture capitalists were probably a bit too hopeful about hitting fundraising goals this year
▼ + stars: | 2023-06-15 | by ( Vishal Persaud | Melia Russell | ) www.businessinsider.com time to read: +5 min

Insight Partners and TCV are reportedly scaling back the size of huge venture funds they planned. The amount of money VC firms raised themselves hit $170.8 billion in 2022, according to PitchBook data, up from $158.5 billion in 2021. And it's also evident in two gigantic firms that had lofty fundraising goals but are now scaling back: Insight Partners and TCV. The firm has raised about 50% to 75% less for a $5.5 billion fund it planned for last year, The Information reported. Last month, Mayfield Fund announced that it raised $955 million across two new venture funds.

Persons: VCs, —, it's, they're, whittle, It's, Insider's Melia Russell, Brian, Lisa Sugar, Turner Novak, Monique Woodward, Navin Chaddha, who's, Chaddha Organizations: Insight Partners, Morning, Insight, Bloomberg, Financial Times, Tiger, Tiger Global, Street, Sugar, Banana, Cake Ventures, Mayfield Fund Locations: Mayfield, Silicon Valley

☆ Cramer's Lightning Round: GE Healthcare is a buy
▼ + stars: | 2023-06-14 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

Stock Chart Icon Stock chart icon GE Healthcare's year-to-date stock performance. Stock Chart Icon Stock chart icon NGL Energy's year-to-date stock performance. Stock Chart Icon Stock chart icon Fuelcell Energy's year-to-date stock performance. Stock Chart Icon Stock chart icon Pampa Energia SA's year-to-date stock performance. Stock Chart Icon Stock chart icon Annaly Capital's year-to-date stock performance.

Persons: we've, NGL, Fuelcell, it's, Argentina's, Brazil's, Enphase, Annaly, Jim Cramer's Organizations: GE, GE Healthcare, CNBC, NGL, Fuelcell, Pampa Energia, Pampa Energia SA, Enphase, Annaly Locations: Pampa, it's

☆ Watch CNBC's full interview with Bicycle Capital's Marcelo Claure
▼ + stars: | 2023-06-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Bicycle Capital's Marcelo ClaureMarcelo Claure, Claure Group founder & CEO and Bicycle Capital executive chairman, and Shu Nyatta, Bicycle Capital managing partner, join 'Squawk Box' to discuss Claure's next chapter, investing in Latin America, his thoughts on SoftBank and WeWork, the opportunity for A.I., and more.

Persons: Marcelo Claure Marcelo Claure, Shu Nyatta, Claure's Organizations: Claure, Bicycle Capital Locations: America

☆ Watch CNBC’s full interview with iCapital's Anastasia Amoroso and Ed Yardeni
▼ + stars: | 2023-06-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with iCapital's Anastasia Amoroso and Ed YardeniAnastasia Amoroso, iCapital chief investment strategist, and Ed Yardeni, Yardeni Research president, join 'Closing Bell' to discuss whether investors can trust the bullish breakout in the market and tomorrow’s Federal Reserve meeting.

Persons: iCapital's Anastasia Amoroso, Ed Yardeni Anastasia Amoroso, Ed Yardeni Organizations: Yardeni Research

☆ iCapital's Anastasia Amoroso says she would get back into the Nasdaq if there's a pullback
▼ + stars: | 2023-06-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailiCapital's Anastasia Amoroso says she would get back into the Nasdaq if there's a pullbackAnastasia Amoroso, iCapital managing director, joins 'Closing Bell' to discuss whether investors can trust the bullish breakout in the market and what to expect from this week's Federal Reserve meeting.

Persons: Anastasia Amoroso Organizations: Nasdaq

☆ India's outsourcing giants cut hiring; disheartening for economy, students
▼ + stars: | 2023-06-12 | by ( Navamya Ganesh Acharya | ) www.reuters.com time to read: +7 min

There are pockets of optimism elsewhere in the services sector - especially in accounting, where there is a surge in hiring. NLB sees a 20-25% drop in IT employee additions in the first half of the current financial year, while TeamLease Digital expects a 40% decrease for the entire year. Nasscom declined comment on the hiring slowdown. That has "surely left applicants concerned about future prospects", said staffing firm Xpheno's co-founder Kamal Karanth, who highlighted how current hiring activity was "under a third of what was recorded in the buoyant peak". Pai highlighted sectors such as financial services, consumer goods, specialised manufacturing, medicine, law, chartered accounting and other services as more viable options.

Persons: Rohit Azad, Azad, Rishad Premji, Sakshi Gupta, Sachin Alug, NLB, Nilanjan Roy, Nasscom, Gautam, Xpheno's, Kamal Karanth, LTIMindtree, Karanth, Siana, Siddharth Pai, Pai, Dhanya Skariachan, Raju Gopalakrishnan Organizations: New, Jawaharlal Nehru University, Wipro, HDFC, Apple, Citigroup, American Express, Europe's Credit Suisse, UBS, NLB Services, TeamLease, IT, Tata Consultancy Services, Infosys, Reuters Graphics, Sethuraman, Thomson Locations: BENGALURU, India, Punjab

☆ Commercial real estate will see a trillion in refinancing, says Short Hills Capital's Steve Weiss
▼ + stars: | 2023-06-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCommercial real estate will see a trillion in refinancing, says Short Hills Capital's Steve WeissBryn Talkington, Joe Terranova, and Steve Weiss join 'Halftime Report' to discuss major indices moving into the green, expectations for the Fed's July move, and division between the economy and the market.

Persons: Steve Weiss Bryn Talkington, Joe Terranova, Steve Weiss

☆ Lionel Messi in Beijing for friendly before move to Miami
▼ + stars: | 2023-06-10 | by ( ) www.cnbc.com time to read: 1 min

A man walks past a poster of a upcoming football invitational match between Argentina and Australia at a bus stop in Beijing on June 9, 2023. Argentine superstar Lionel Messi arrived in Beijing on Saturday for a friendly match before leaving a storied European career to join Major League Soccer side Inter Miami as a free agent. His arrival was announced in a post on the organizer International Football Invitation's official Weibo social media site with a video of players stepping off a plane, ahead of Thursday's Argentina-Australia match in the Chinese capital's recently rebuilt Workers' Stadium. Messi, who lifted the World Cup in Qatar in December and is widely considered to be one of the game's all-time greats, confirmed this week he will leave French champions Paris St Germain for the U.S. league.

Persons: Lionel Messi, Messi, Paris St Germain Organizations: Argentine, Major League Soccer, Inter Miami, Football, Weibo, Workers, Paris St, U.S . Locations: Argentina, Australia, Beijing, Thursday's Argentina, Qatar

☆ Messi in Beijing for friendly before move to Miami
▼ + stars: | 2023-06-10 | by ( ) www.reuters.com time to read: +1 min

SHANGHAI, June 10 (Reuters) - Argentine superstar Lionel Messi arrived in Beijing on Saturday for a friendly match before leaving a storied European career to join Major League Soccer side Inter Miami as a free agent. Messi, who lifted the World Cup in Qatar in December and is widely considered to be one of the game's all-time greats, confirmed this week he will leave French champions Paris St Germain for the U.S. league. This is the Argentina captain's seventh visit to China and his first since 2017. Australia and Argentina last met at the 2022 World Cup in Qatar in the round of 16, where Messi was among the scorers as his team won 2-1. Reporting by Reuters newsroom; Writing by Martin Pollard and Engen Tham; Editing by William MallardOur Standards: The Thomson Reuters Trust Principles.

Persons: Lionel Messi, Messi, Paris St Germain, Martin Pollard, Engen, William Mallard Organizations: Argentine, Major League Soccer, Inter Miami, Football, Weibo, Workers, Paris St, U.S ., men's, Reuters, Thomson Locations: SHANGHAI, Beijing, Thursday's Argentina, Australia, Qatar, Argentina, China

☆ As interest rates stay higher for longer, these home improvement stocks can navigate consumer trends
▼ + stars: | 2023-06-09 | by ( Alex Harring | ) www.cnbc.com time to read: +10 min

Investors are hoping that next week's Federal Reserve meeting offers more clarity about the path interest rates could take. Rising interest rates squeeze consumers, while a cut to follow should help boost economic activity. These pricey purchases are often financed, and higher rates mean higher costs. "Even if the sticker price of the thing doesn't change, the interest rate still matters a lot for their monthly budget." The "brakes were hit very hard in 2022," largely due to higher rates on the new-home construction side, he said.

Persons: Christopher Herrington, Herrington, Kurt Yinger, It's, James Hardie, Yinger, There's, Rafe Jadrosich, Jadrosich, Seth Sigman, Bank of America's Curtis Nagle, Nagle, Loop's Anthony Chukumba, Garik Shmois, Shmois, Leslie's, Julien Dumoulin, Smith, SunRun, Corinne Blanchard, Citi's Pierre Lau, SolarEdge, Lau, John Bailer, Michael Bloom Organizations: Virginia Commonwealth University, Davidson, Companies, Bank of America, Fortune Brands, UFP Industries, Barclays, Bank of America's, Williams, Pool Corp, of America, FTC, Deutsche Bank, Shoals Technologies, Caterpillar, Cummins, Newton Investment Management Locations: Louisiana, Wall, Sonoma, California

☆ From restaurants to water towers, unrest dents Senegal's economy
▼ + stars: | 2023-06-09 | by ( Sofia Christensen | ) www.reuters.com time to read: +3 min

An attack on a state-owned water plant could create shortages in Dakar, where it hasn't rained for eight months and where water cuts are common, Diome said. Bus company Dem Dikk, which is part state owned and whose beige buses are recurring targets during protests, partially resumed services this week. Attacks on its buses have cost the company over $7 million since March 2021, CEO Ousmane Sylla told Reuters. Stalled operations can cost Dem Dikk up to $80,000 in losses per day and make it tricky for thousands of commuters to get to work. "It is creating unemployment," he said, adding that it was already difficult for graduates to find jobs before the unrest.

Persons: Ousmane Sonko, Antoine Felix Abdoulaye Diome, Diome, Read, Ousmane Sylla, Dem, Sylla, . University student Mbodj, Saint Louis, Ngouda Dione, Sofia Christensen, Edward McAllister, Sharon Singleton Organizations: KFC, Sedima Group, International Labour Organization . Bus, Reuters, . University student, Thomson Locations: DAKAR, Senegal, Dakar, Mbour, Keur Massar, Saint

☆ A.I. is propelling markets much like the dot com bubble did, says Contrast Capital's Ron Insana
▼ + stars: | 2023-06-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailA.I. is propelling markets much like the dot com bubble did, says Contrast Capital's Ron InsanaRon Insana, Contrast Capital partners co-CEO, and Tim Seymour, Seymour Asset Management CIO, join 'Power Lunch' to discuss the possibility of an A.I. bubble, which equities are getting a boost from A.I. momentum, and the fundamental justification for stocks reaching new highs.

Persons: Ron Insana Ron Insana, Tim Seymour Organizations: Capital, Seymour, Management

☆ A.I. will disrupt the whole financial industry, including hedge funds: EMJ Capital's Eric Jackson
▼ + stars: | 2023-06-08 | 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 EmailA.I. will disrupt the whole financial industry, including hedge funds: EMJ Capital's Eric JacksonEric Jackson, EMJ Capital founder, president and portfolio manager, joins 'Closing Bell' to discuss Tesla as the stock is trending higher today, how Tesla benefits from A.I. developments, and integrating A.I. to pick stock trades.

Persons: EMJ Capital's Eric Jackson Eric Jackson, Tesla Organizations: EMJ Capital

☆ MAI Capital's Chris Grasanti on whether investors should buy or bail on retail stocks
▼ + stars: | 2023-06-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMAI Capital's Chris Grasanti on whether investors should buy or bail on retail stocksChris Grisanti at MAI Capital Management, joins 'The Exchange' to discuss the state of the homebuilder market, how to trade the retail sector, and opportunities in equities with low p/e ratios.

Persons: Chris Grasanti, Grisanti Organizations: MAI, MAI Capital Management

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