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AdvertisementThe best days and weeks of the year for the stock market are around the corner. If history is a guide, that suggests the S&P 500 could surge 4% next month to record highs, according to Goldman Sachs. Goldman SachsWhat's more, recent market trends show that July as a whole has been incredibly bullish for the stock market. If similar seasonal trends play out this year, a near-4% gain would catapult the S&P 500 to a new record at 5,665 based on current levels. As to what could drive more bullish returns over the coming weeks, Rubner highlighted that a record cash pile of more than $7 trillion sitting in money market funds could soon flood the market.
Persons: Goldman Sachs, , Scott Rubner, Rubner, NDX Organizations: Nasdaq, Service
The project, from veteran filmmakers Alexandra Shiva and Lindsey Megrue, also had help from a Hollywood outsider: Northwell Health, New York's largest healthcare network. Ramon Soto, CMO, Northwell Health. "Lenox Hill" and "Emergency: NYC" followed, drawing on the popular hospital procedural format. Northwell's own research showed people who watched "Emergency: NYC" were 17% more likely to consider using Northwell services compared to those who hadn't seen it. Soto said the company has stuck to talking about mental health and other healthcare issues while avoiding being prescriptive in its messaging.
Persons: Max, Alexandra Shiva, Lindsey Megrue, Northwell, Oscar, Matthew Heineman, Ramon Soto, Lee S, Weissman, Northwell isn't, Marvel Northwell, Soto, Heineman, they're, Jen Cowan, Bud, it's Organizations: Service, Psych Unit, HBO, Netflix, Business, Northwell, Marvel, Nielsen, HBO Warner Bros, Hollywood, Disney Locations: Hulu, North Shore, Northwell's
Moreover, the partnership will enable Rivian to cut operating costs by leveraging volumes of supplies including chips and components, he said. It will also help Rivian, known for its flagship R1S SUVs and R1T pickups, turn cashflow positive. Volkswagen will immediately invest $1 billion in Rivian through a note that will convert to stock on Dec. 1, subject to regulatory approvals. The German automaker will also invest $2 billion in Rivian stock - $1 billion each in 2025 and 2026 - subject to the startup hitting certain milestones, and provide a $1 billion loan in 2026. Rivian stock has halved so far this year.
Persons: Stephane Mahe, RJ Scaringe, Vitaly Golomb, Herbert Diess, Diess, Rivian, Scaringe, Sam Fiorani, Mavka Capital's Golomb, VW's Cariad, Abhirup Roy, Ben Klayman, Noel Randewich, Christina Amann, Harshita Varghese, Sayantani Ghosh, Rod Nickel, Matthew Lewis, Leslie Adler Organizations: Volkswagen, REUTERS, Reuters, JV, Audi, Porsche, Lamborghini, Bentley, Volkswagen Group, Mavka, VW, AutoForecast Solutions, Traders, S3 Partners, Rivian, Thomson Locations: Reze, Nantes, France, Europe, Asia, North America, U.S, German, South Carolina, San Francisco, Detroit, Oakland , California, Berlin, Bengaluru
The U.S. and Israeli defense chiefs, Lloyd J. Austin III and Yoav Gallant, at a December news conference in Tel Aviv. Mr. Gallant is meeting with Mr. Austin on his third day of talks with senior Biden administration officials. Mr. Gallant and Secretary of State Antony J. Blinken met in Washington on Monday. That was a recurring theme in American officials’ talks with Mr. Gallant this week. On Monday, Mr. Gallant met with William J. Burns, the C.I.A.
Persons: Lloyd J, Austin III, Yoav Gallant, Gallant’s, Patrick S, Ryder, Mr, Gallant, Austin, Benjamin Netanyahu, Israel, Matthew Miller, , Khan Younis, , Antony J, Blinken, Miller, , “ We’ve, General Ryder, Amos Hochstein, Hochstein, Netanyahu, William J, Burns, Jake Sullivan Organizations: U.S, Pentagon . Defense, Pentagon, Defense Department, Biden, American, State Department, Hamas, Mr, Lebanese, Israel Locations: Tel Aviv, Washington, Gaza, Lebanon, , Israel, Gen, United States, Rafah, Gaza City, Jerusalem, Beirut
Read previewJulian Assange spent more than five years in a 2x3 meter cell, isolated 23 hours a day before his release on bail, WikiLeaks said in a statement on Tuesday. Assange was arrested in the UK in 2019 for breaching bail conditions after seeking asylum in Ecuador's London Embassy to avoid extradition. AdvertisementOn Monday, the High Court of London granted Assange bail, the WikiLeaks statement said, allowing him to board a plane at 5 p.m. local time and leave the UK. AdvertisementBritain's 'Guantánamo Bay'Before his release, Assange spent half a decade detained in a prison once dubbed the UK's "Guantánamo Bay." Belmarsh Prison, where Julian Assange was held, pictured on May 20, 2024, in London.
Persons: , Julian Assange, Assange, Chelsea Manning, Matthew McKenzie, Carl Court Organizations: Service, WikiLeaks, Business, Embassy, US Department of Justice, United States, Northern, Justice Department, BBC, European, Human Rights, Independent Locations: Ecuador's, Northern Mariana Islands, Northern Mariana, London, Belmarsh, Australia
AdvertisementA new type of exchange-traded fund has made waves over the past year: the leveraged single-stock ETF. The T-REX 2X Long NVIDIA Daily Target ETF is up 425% year-to-date. The GraniteShares 2x Long NVDA ETF, the T-REX 2X Long Nvidia Daily Target ETF, and the Direxion Daily NVDA Bull 2X Shares ETF have amassed a collective $5 billion in assets under management. AdvertisementHowever, that success hasn't exactly translated into the other single-stock leveraged ETFs that target popular mega-cap technology stocks. The T-REX 2X Long Tesla Daily Target ETF, the Direxion Daily TSLA Bull 2X Shares, and the GraniteShares 2x Long TSLA Daily ETF have a combined $1.5 billion in assets under management.
Persons: , I've, Tesla Organizations: Nvidia, Service, NVIDIA Daily Target, Nvidia Daily Target ETF, Apple, Microsoft, Tesla, Target ETF Locations: NVDL
“A high risk of famine persists across the whole of the Gaza Strip as long as conflict continues and humanitarian access is restricted,” the report said. The Rafah crossing – a key transitway for humanitarian aid to Gaza – has been closed since early May, and only a handful of other land crossings remain open. Humanitarian aid workers continue to face tremendous risks to try to distribute the desperately needed aid to Gaza. “The humanitarian space in the Gaza Strip continues to shrink and the ability to safely deliver assistance to populations is dwindling,” the report said. “The humanitarian situation is deteriorating rapidly, and the specter of famine continues to hang over Gaza,” Phillips-Barrasso told CNN.
Persons: , Gaza –, Netanyahu, Joe Biden, Israel, Matthew Miller, dory, it’s, , Cindy McCain, “ There’s, It’s, Kate Phillips, ” Phillips, Barrasso, Philippe Lazzarini Organizations: CNN, Hamas, Integrated, IPC, , Food, Mercy Corps, , UNRWA Locations: Gaza, Israel, Rafah, United States
Chinese police said on Monday that they secured a grenade kept as a hammer by a villager in Hubei. A video published by police showed two men in T-shirts and hard hats putting the grenade in bubble wrap. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementPolice in China's Hubei province said on Monday that they had confiscated a hand grenade kept by a 90-year-old villager for 20 years as a hammer for everyday use. This story is available exclusively to Business Insider subscribers.
Persons: Organizations: Authorities, Service, Police, Public Security, Business Locations: Hubei, China's Hubei, Baokang
Credo Technology has emerged to take the crown as TD Cowen's top small- and mid-cap stock pick after a red-hot start to the year. Analyst Matthew Ramsay also upped his price target for the stock to $35 from $24, implying that Credo shares could rally 28% from Monday's close. Specifically, he thinks that Credo's revenue could inflect in the second half of its fiscal year as a number of its programs begin to ramp, including some GenAI buildouts. Credo's key program ramps within its active electrical cables at Microsoft and Amazon should also play a role in pushing the company's fundamentals higher. "Overall, we see the diversification of the company's revenue base as a key de-risking of the model and should benefit the durability of revenues going forward," Ramsey said.
Persons: Matthew Ramsay, Ramsay, there's, Ramsey Organizations: Technology, Microsoft, Active Electrical Cable Locations: Monday's
Kenya’s president deployed the military today to crack down on what he called “treasonous” protesters. Demonstrators furious over the passage of a bill that would raise taxes stormed the Parliament building in Nairobi, climbed in windows and set fire to the entrance. The police fired at the protesters, who had flooded the streets around the Parliament by the thousands — some draped in the Kenyan flag and chanting for the president to resign. The contentious bill was introduced by Ruto’s government in May to address the country’s heavy debt burden. But Kenyans have widely criticized the legislation, saying it adds punitive new taxes and raises others on staple goods.
Persons: William Ruto, Organizations: Kenyan, Amnesty International Locations: Nairobi
CNN —For much of her life, Vivian Maier was something of a mystery. A crying child, photographed by Vivian Maier in Grenoble, France, in 1959. Vivian Maier/Courtesy Fotografiska New YorkVisitors take in photographs on display at Fotografiska's “Vivian Maier Unseen Work” in New York. In 2011, Maloof published a book, “Vivian Maier: Street Photographer,” and with the filmmaker Charlie Siskel co-directed the 2013 documentary “Finding Vivian Maier,” which was nominated for an Academy Award. In a self-portrait featured in “Vivian Maier Unseen Work," the photographer lenses herself in profile, reflected in a hand mirror.
Persons: Vivian Maier, Maier, “ Vivian Maier, , Anne Morin, Leandro Justen, Morin, Robert Frank, Diane Arbus, ” Morin, , Maier’s, Sophie Wright, Vivian, ” Wright, Dario Lasagni, John Maloof, Maloof, Charlie Siskel, Chicago’s, Carl, Maier hasn’t, Wright, Lane, Matthew Gensburg, York Maloof, Howard Greenberg, Organizations: CNN, New, Fotografiska, York Visitors, Kodak, Central, Flickr, Court, du Locations: New York, Chicago, York, Swedish, Grenoble, France, Central Park , New York, ” New York, America, California, Europe, Asia, , Chicago’s Cook, du Luxembourg, Paris
The Panthers were also trying to avoid becoming the first back-to-back Stanley Cup losers since the 1977 and 1978 Boston Bruins. Canada’s Stanley Cup drought has now reached 31 years. After being largely silent in the past three games, the Panthers’ big guns showed up big in the make-or-break final game. Aleksander Barkov became the first Finnish captain in NHL history to lead his team to a Stanley Cup. Panthers arena flooded with Oilers fansIt’s a rarity to see a home arena invaded by visiting fans in the Stanley Cup Final, let alone in a Game 7.
Persons: Connor McDavid, Canada’s, Carter Verhaeghe, Sam Reinhart, Verhaeghe, Reinhart’s, Dmitry Kulikov, Mattias Janmark, McDavid, Conn Smythe, Sergei Bobrovsky backstopped, Paul Maurice, Maurice, Aleksander Barkov, “ Mr, Clutch ”, Vladimir Tarasenko, Clutch, Matthew Tkachuk’s, CARTER VERHAEGHE, ino H, ince, aron E kblad, hird, rick Organizations: NHL, Florida Panthers, Edmonton Oilers, Amerant Bank, Panthers, Oilers, Toronto Maple Leafs, Boston Bruins, Edmonton, Eastern, Stanley, ino H ard, ust Locations: Fla, Florida
Trump first asked the audience if they had ever heard of Dana White, the head of the Ultimate Fighting Championship (UFC). From there, Trump boasted that he had told White: “Why don’t you set up a migrant league of fighters and have your regular league of fighters. Obviously, Trump’s point in his migrant UFC proposal was that despite the toughness of the professional UFC fighters, the migrants coming to America are actually stronger, tougher and more dangerous. That moment came when Trump told the audience that the UFC president didn’t like the migrant fight league idea, adding, “But actually, it’s not the worst idea I’ve ever had.”Trump is telling the truth there: Musing about a migrant fighting league is vile — but it’s not his worst idea. Trump proposing a dehumanizing physical battle between migrants who would then fight the UFC champions — which conjures up Roman gladiator matches — is simply more evidence of Trump’s depravity.
Persons: Dean Obeidallah, Donald Trump’s, I’ve, , Trump, Dana White, White, ” Trump, Jesus Christ, Matthew, , Adolf Hitler, Mein, didn’t, it’s, Facebook There’s, Donald Trump, , It’s Organizations: CNN, Dean Obeidallah CNN, of, UFC, Twitter, Facebook, Washington, Capitol Locations: United States, America
Julian Assange, the founder of WikiLeaks, agreed to plead guilty on Monday to a single felony count of illegally obtaining and disclosing national security material in exchange for his release from a British prison, ending his long and bitter standoff with the United States. Mr. Assange, 52, was granted his request to appear before a federal judge at one of the more remote outposts of the federal judiciary, the courthouse in Saipan, the capital of the Northern Mariana Islands, according to a brief court filing made public late Monday. It was a fitting final twist in the case against Mr. Assange, who doggedly opposed extradition to the U.S. mainland. The islands are a United States commonwealth in the middle of the Pacific Ocean — and much closer to Mr. Assange’s native Australia, where he is a citizen, than courts in the continental United States or Hawaii. Shortly after the deal was disclosed, WikiLeaks said that Mr. Assange had left London.
Persons: Julian Assange, Assange, doggedly, ” Matthew J, McKenzie Organizations: WikiLeaks, United, Australia “, Justice Locations: United States, Saipan, Northern Mariana Islands, Britain, U.S, Assange’s, Australia, Hawaii, London
NASA officials called off the spacewalk because of a water leak in the cooling unit of one of the astronauts’ spacesuits. The leak, which affected the suit donned by NASA astronaut Tracy Dyson, sprang up just after the suits were transferred to battery power just before they exited the space station. Today's spacewalk with @NASA_Astronauts Tracy C. Dyson and Mike Barratt has been cancelled due to a spacesuit cooling unit water leak. The delayed spacewalk is only the latest in a string of setbacks around operations on the International Space Station in recent weeks. The Starliner spacecraft has been on its first crewed test flight to the space station.
Persons: , Tracy Dyson, Dyson, Mike Barratt, @NASA_Astronauts Tracy C, XaM0jSDTKp, ” Dyson, Matthew Dominick, It’s Organizations: CNN, NASA, Space
China officially says that supporting Taiwan's independence can be a crime. Punishments include prison sentences of more than 10 years and even the death penalty. It's the first time the country has so clearly outlined a set of legal guidelines aimed at Taiwan. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementChina on Friday outlined a list of behaviors that it defines as criminal acts related to supporting Taiwan's independence, saying punishments may go as far as the death penalty.
Persons: Organizations: Service, Business Locations: China, Taiwan
Some Wall Street banks, worried that landlords of vacant and struggling office buildings won’t be able to pay off their mortgages, have begun offloading their portfolios of commercial real estate loans hoping to cut their losses. It’s an early but telling sign of the broader distress brewing in the commercial real estate market, which is hurting from the twin punches of high interest rates, which make it harder to refinance loans, and low occupancy rates for office buildings — an outcome of the pandemic. Late last year, an affiliate of Deutsche Bank and another German lender sold the delinquent mortgage on the Argonaut, a 115-year-old office complex in midtown Manhattan, to the family office of the billionaire investor George Soros, according to court filings. Around the same time, Goldman Sachs sold loans it held on a portfolio of troubled office buildings in New York, San Francisco and Boston. And in May, the Canadian lender CIBC completed a sale of $300 million of mortgages on a collection of office buildings around the country.
Persons: It’s, George Soros, Goldman Sachs Organizations: Deutsche Bank, Argonaut, CIBC Locations: Manhattan, New York, San Francisco, Boston
Fundstrat's Tom Lee said the stock market could nearly triple by 2030 to reach 15,000. "The two previous instances of global labor shortage resulted in a parabolic move in technology stocks," Lee said. AdvertisementThe stock market could nearly triple by the end of the decade, according to Fundstrat's Tom Lee. And the two previous instances of global labor shortage resulted in a parabolic move in technology stocks," Lee said. Lee's global labor shortage projection is based on global demographics, with prime-age workers not replacing older generations at a fast enough clip.
Persons: Fundstrat's Tom Lee, Lee, , Tom Lee, we've, he's Organizations: Service
Nvidia stock continued to move lower following a big rally last week. With earnings season over, it's a quiet week on the macro front for investors. The biggest data release this week is Fed's preferred PCE inflation gauge on Friday. AdvertisementUS stocks traded mixed on Monday as investors gear up for a new set of inflation data later in the week. With earnings season over, investors will turn their attention to the PCE inflation data set to be released on Friday, which happens to be the Federal Reserve's preferred inflation gauge.
Persons: Stocks, Fed's, , David Morrison Organizations: Nvidia, Service, Dow Jones Industrial, Nasdaq, Trade Nation, Federal, PCE Locations: Here's
Biden Is Prepping for the First Debate
  + stars: | 2024-06-24 | by ( Matthew Cullen | ) www.nytimes.com   time to read: +1 min
President Biden has spent the last five days at Camp David, the presidential retreat in the woods of northern Maryland, sparring with a man pretending to be Donald Trump and working with his closest advisers to prepare for this week’s debate. The president’s aides have turned a movie theater and an airplane hangar at Camp David into a mock debate stage. There, Ron Klain, a longtime adviser to Biden, is leading an effort to help Biden shake off the rust that often comes with being an incumbent on the defense and to combat voter concerns that he is too old to be president. Trump is taking a far looser approach to debate prep, with some policy briefings but no role playing. For both candidates, the debate, at 9 p.m. Eastern on Thursday in Atlanta, could be the highest-stakes moment of their rematch.
Persons: Biden, Camp David, Donald Trump, Ron Klain, Katie Rogers, Trump, Organizations: Camp, Trump Locations: Maryland, Camp, Atlanta
US stocks were mostly lower on Monday, driven by a sell-off in tech stocks led by Nvidia. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementUS stocks traded mostly lower on Monday, driven by a continued sell-off in technology stocks. Nvidia led the tech sector lower, falling about 5% and down about 14% from its record high reached last week. AdvertisementFed President Mary Daly said that the US labor market is showing signs of an inflection point that could ultimately turn lower.
Persons: , Ray, Wang, Mary Daly, Daly Organizations: Nvidia, Service, Wall Street, Constellation Research, CNBC, PCE Locations: Here's
A massive fire at a factory in Berlin last month was set by Russian saboteurs, per WSJ. But the factory, owned by Diehl Metal, makes parts for cars and electrical systems, not weapons. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIn early May, scores of German firefighters massed at a metal technology plant in southwest Berlin as it burned. This story is available exclusively to Business Insider subscribers.
Persons: Organizations: Diehl, Service, Business Locations: Berlin, Russian, Ukraine, Lichterfelde
Bitcoin's 16% sell-off this month is testing a key support level at around $60,000. This support level is bolstered by Bitcoin's 200-day moving average of just under $58,000. A break below $60,000 could lead to a 15% decline to the next support level at $51,500. AdvertisementThe steady decline in bitcoin this month has the cryptocurrency testing a key support level that could ultimately give way to a more painful sell-off. But if it doesn't, and bitcoin decisively breaks below $60,000, that suggests the token could continue its descent to its next support level at around $51,500.
Persons: , Bitcoin, Katie Stockton, bitcoin, Stockton Organizations: Service Locations: bitcoin
Newcomer team named Best RangerUS Army 1st Lt. Andrew Winski and Sgt. Mathew Dunphy hold up their SigSauer P320-M17 pistols next to the Best Ranger Competition Trophy. Matthew Dunphy — earned the highest cumulative marks out of all 56 teams, granting them the title of Best Ranger. Both first-time competitors, the duo represented the 75th Ranger Regiment, marking the fourth year in a row that members of the unit won the competition. Winski said he was "truly grateful" for the opportunity to participate in the competition and show "what the Army's Ranger Regiment is and … what kind of Rangers we produce."
Persons: Andrew Winski, Mathew Dunphy, Justin Yarborough, Matthew Dunphy —, Winski, James Mingus, Mingus Organizations: Ranger US Army, US, Spc, 75th Ranger Regiment, Army's Ranger, Rangers
Constellation Research said Nvidia stock will soar 65% to $200 per share over the next year. The research firm said it expects Nvidia stock to continue soaring for the next 18 to 24 months as it benefits from its AI dominance. These are the seven reasons Wang expects Nvidia stock to soar 65% from current levels. You're going to be locked in for quite some time and they've got quite a lead in terms of doing that." Wang isn't the only analyst on Wall Street with a $200 price target for Nvidia stock.
Persons: , Ray, Wang, Jensen Huang, It's, Larry Ellisons, scott Mcnealys, Mark Zuckerbergs, they've, Wang isn't, Rosenblatt Organizations: Constellation Research, Nvidia, Service, Constellation, CNBC, Microsoft, Intel, Cisco, Wall Locations: that's
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