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☆ FAFSA delays likely to slow college decisions. 'It's a real mess,' expert says. Here's what to do if your financial aid letter is late
▼ + stars: | 2024-02-01 | by ( Jessica Dickler | ) www.cnbc.com time to read: +3 min

For most students and their families, which college they will choose hinges on the amount of financial aid offered and the breakdown between grants, scholarships, work-study opportunities and student loans. This year, schools are now waiting on that FAFSA information to begin building financial aid packages and to give students and families enough time to weigh their options. "The delay in sending FAFSA data to colleges will cause college financial aid offers to be delayed until at least April, maybe even May." "Making an offer of admission without offering a full financial aid offer really isn't useful for most families," said Adam Miller, vice president for admission and financial aid at Whitman College in Walla Walla, Washington. To do this, Whitman and other colleges would need to leverage the information families provided in their completed CSS Profile.

Persons: Mark, Mark Kantrowitz, Adam Miller, Whitman, Miller, Rick Castellano, Sallie Mae, Castellano Organizations: National College, Whitman College, College Board, Decision Locations: Walla Walla , Washington

☆ Opinion: The meaning of Black History Month on campus following the ouster of Harvard’s president
▼ + stars: | 2024-02-01 | by ( Opinion Khalil Gibran Muhammad | ) edition.cnn.com time to read: +10 min

CNN —Black History Month, which gets underway this week, is a chance to give Americans the timely reminder that you can’t teach our history honestly without understanding Black struggle and triumph. There are few aspects of America’s past that haven’t been impacted by conscientious Black people and their resistance to systemic racism and illiberal democracy. The situation at Harvard has been made more dire by the university’s failure to push back sufficiently against broader political attacks. Another vocal critic of Penslar is the former Harvard president Lawrence Summers, who was also an outspoken opponent of Gay’s. As an academic institution, we should be leading the resistance to these assaults on higher education, not bowing to them.

Persons: Khalil Gibran Muhammad, ” Khalil Gibran Muhammad, Virginia Foxx, ” Foxx, ”, Claudine Gay, Foxx, “, haven’t, Donald Trump, Adolph Hitler, Alan Garber, Gay, —, Garber, Derek J, Harvard’s, Penslar, Bill Ackman, Lawrence Summers, Black Organizations: Ford Foundation, Harvard University, CNN, Harvard Kennedy School, Republican, University of Pennsylvania, GOP Rep, Global, Harvard Divinity School, “, Racial, Harvard, Republican Party, Equity Locations: American, United States, America, Florida, Gaza, Israel

☆ We're hiking Eaton price target on signs the post-earnings rally to all-time highs has legs
▼ + stars: | 2024-02-01 | by ( Jeff Marks | ) www.cnbc.com time to read: +7 min

Of the 18% that have actually started construction, Eaton has seen a strong win rate of approximately 40% for its electrical equipment. Electrical Americas achieved all-time record sales, profit, and margins with broad base growth in nearly all its end markets. Electrical Global also achieved record sales and profits as organic growth increased 4% year over year, a nice pickup from the flat third quarter. Both book-to-bill ratios are above 1.1, indicating strong growth for the future. By end market, Eaton expects Electricals Americas organic growth of 9% to 11% with operating margins around 26.8% to 27.2%.

Persons: Eaton, Jim Cramer's, Jim Cramer, Jim Organizations: Revenue, LSEG, Electrical, Electrical Global, It's Aerospace, Boeing, Aerospace, Jim Cramer's Charitable, CNBC, Eaton Corporation, NYSE Locations: North America

Those include two major categories: record of the year (for the single “Not Strong Enough”) album of the year (for their debut “The Record” ). If they win either of those, they'd be the first “all-female” group to do so since the Chicks in 2007. But they're into the “The Chicks to the Boys” lineage, as Baker repeats it. “It means a lot because the project means a lot,” Bridgers says of their nominations. But for now, looking back at the success of “The Record,” there's only one question left to ask.

Persons: boygenius, Phoebe Bridgers, Julien Baker, Lucy Dacus —, Taylor Swift, Olivia Rodrigo, Miley Cyrus, Billie Eilish, they'd, That's, Baker, “, ”, Neil Portnow, Portnow, ” Baker, ” Bridgers, we're, “ It's, that's, “ We've, Dacus Organizations: ANGELES, —, Recording Academy, Chicks Locations: New York, U.S, Iraq, “

☆ Opinion | Taylor Swift, Donald Trump and the Right’s Abnormality Problem
▼ + stars: | 2024-01-31 | by ( Ross Douthat | ) www.nytimes.com time to read: +2 min

It seemed then that — under the influence of progressive radicalism, institutional groupthink and coronavirus fears — the liberal establishment was untethering itself from American normalcy to a politically suicidal degree. Joe Biden was elected as a moderate but was too aged and diminished to actually impose moderation on his party. And elite liberalism was increasingly associated with a mixture of Covid overreaction and ideological hysteria: Imagine a double-masked bureaucrat running a white-privilege workshop, forever. Liberalism in 2024 is still in all kinds of trouble, but the truly epochal defeat seems less likely than it did back then. But the other reason that liberalism is surviving its disconnect from what remains of American normalcy is conservatism’s inability to just be normal itself, even for a minute.

Persons: Glenn Youngkin, Donald Trump, Joe Biden Organizations: Democratic Locations: Virginia, Pennsylvania

☆ Trump's early organizing across the South is paying off as he faces off against Nikki Haley
▼ + stars: | 2024-01-31 | by ( John L. Dorman | ) www.businessinsider.com time to read: +5 min

The Trump campaign shrewdly worked to gain the backing of top Republicans early in the 2024 race. Former South Carolina Gov. AP Photo/Matt KelleyBy courting Republicans early, Trump essentially created a sense of inevitably around his campaign among many GOP voters, a significant impediment for Haley. DeSantis was once seen as a major threat to Trump's hold over the South, but the Florida governor didn't even make it to the South Carolina primary. Trump now leads Haley among potential GOP primary voters 81%-18%, according to the latest Morning Consult tracking poll.

Persons: shrewdly, Trump, Nikki Haley, —, Donald Trump, Henry McMaster, Sen, Lindsey Graham, Carolina Sen, Tim Scott, Ron DeSantis, Graham, Haley, It's, Gov, Dan Patrick, Ken Paxton, Wesley Hunt, Sid Miller, Greg Abbott, Joe Biden's, Trump's, Matt Kelley, DeSantis, didn't, House . Alabama Sen, Tommy Tuberville, He's, They're Organizations: Trump, Service, South Carolina State House, GOP, Gov, Florida Gov, Former South Carolina Gov, McMaster, Texas ., Texas . Texas Republicans, Republican, AP, South, Alabama Republicans, House . Alabama Locations: Carolina, Florida, Iowa, Texas, Texas . Texas, California, South Carolina, Alabama , Arkansas, North Carolina, Tennessee, Georgia, Mississippi

☆ Where to lock down high interest rates for your savings
▼ + stars: | 2024-01-31 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +8 min

High-yield online savings accountsThe average annual percentage yield on bank savings accounts was just 0.57% on January 30, according to a Bankrate survey. But many online FDIC-insured banks are still offering 5% or more on their high-yield savings accounts. As with any bank savings rate, high-yield savings account rates can change overnight, and the bank may not alert you when it lowers it. But don’t confuse money market accounts with money market mutual funds, which invest in short-term, low-risk debt instruments. Unlike money market deposit accounts, money market mutual funds are not insured by the FDIC.

Persons: Doug Ornstein, Schwab, “, ”, Greg McBride, Ken Tumin, you’d, Tumin, Wells Fargo, Andy Smith, Ornstein, doesn’t, ” Smith Organizations: New York CNN, Federal Reserve, JPMorgan Chase, Bank of America, TIAA Wealth Management, FDIC, Securities Investor Protection Corp, Fidelity, DepositAccounts.com, Treasury, Edelman, AAA Locations: New York, United States

☆ Here are Wednesday's biggest analyst calls: Apple, Tesla, Alphabet, Microsoft, AMD, Meta, Spotify & more
▼ + stars: | 2024-01-31 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Wednesday's biggest calls on Wall Street: Morgan Stanley reiterates Microsoft as overweight Morgan Stanley raised its price target on the stock to $465 per share from $450 following earnings. Morgan Stanley reiterates Alphabet as overweight Morgan Stanley raised its price target on the stock to $165 per share from $150 and said it's standing by Alphabet shares after earnings on Tuesday. " Bank of America reiterates Meta as buy Bank of America said it's bullish heading into Meta earnings on Thursday. Bank of America reiterates Advanced Micro Devices as buy Bank of America said it's standing by its buy rating following earnings on Tuesday. Morgan Stanley downgrades Sofi to underweight from equal weight Morgan Stanley said in its downgrade of SoFI that it sees too many "near-term revenue headwinds."

Persons: Morgan Stanley, it's, Johnson, William Blair, Roth, Stryker, SYK, Morgan Stanley downgrades Sofi, Baird, Tesla, Elon Musk's, Elon, Wells Organizations: Bank of America, Meta, " Bank of America, Devices, AMD, Citi downgrades Deutsche Bank, Citi, Deutsche, Deutsche Bank, Palo Alto Networks, UPS, Argus, Canaccord, UBS, Informa Tech, UW, Barclays, Verizon, JPMorgan, Apple, GFL, Spotify Locations: GenAI, Georgia

☆ Walmart's stock split only shows how rare they've become in the past 20 years
▼ + stars: | 2024-01-31 | by ( Bob Pisani | ) www.cnbc.com time to read: +2 min

Walmart 's decision to split its stock 3-for-1 has revived an old debate: when is the right time to split a stock? There's no clear answer to this, but one fact is clear: stock splits are far less common than 20 or 30 years ago. That's likely because the institutional base for stock ownership has come to dominate the market. What effect does a stock split have on trading? More than 400,000 associates participate in Walmart's Associate Stock Purchase Plan today, which allows eligible associates to buy stock conveniently through payroll deductions and provides a 15% company match on the first $1,800 each year."

Persons: Sam Walton, Doug McMillon, Sam Organizations: Walmart, Institutional, Palo Alto Networks, Nvidia, Apple

☆ Fahmi Quadir, short seller nicknamed 'The Assassin,' takes aim at for-profit college giant Adtalem
▼ + stars: | 2024-01-30 | by ( Eamon Javers | ) www.cnbc.com time to read: +4 min

Quadir told CNBC she has a short position in the stock, meaning she is betting that the share price will decline. "We believe that Adtalem is completely uninvestable, the number of existential risks that exists today should cause alarm for any investor that's looking into this company," Quadir said. In 2017, DeVry Education changed its DV ticker symbol to Adtalem's current ATGE, completing the rebranding of DeVry into Adtalem. Quadir's report found that among Adtalem's properties, the online college Walden University has a graduation rate of just 29%. Adtalem's stock price has soared over 75% in just seven months, from just over $33 a share in late June, to more than $60 a share at Monday's open.

Persons: Quadir, Safkhet, Bridget Bennett, Rafael Henrique, Lightrocket, DeVry, Adtalem Organizations: Bloomberg, Getty Images WASHINGTON, Walden University, Chamberlain University, Ross University School of Medicine, CNBC, Safkhet, Netflix, Education, DeVry University, Cogswell Education, Blackrock, Vanguard, Department of Education, Higher Locations: Las Vegas , Nevada, U.S, Barbados, Quadir, Adtalem

GENEVA (AP) — Despite the disqualification of Kamila Valieva in a doping case, the Russian figure skating team still stands to finish on the podium and get bronze medals from the 2022 Beijing Olympics behind the United States and Japan. The Americans moved into the gold medal position in the team event and Japan has been upgraded to silver from bronze. The demoted Russians drop into third place, one point ahead of Canada even after being stripped of the points the then-15-year-old Valieva earned on the ice. “Skate Canada strongly disagrees with the ISU’s position on this matter and will consider all options to appeal this decision,” the country’s figure skating body said in a statement Tuesday. The Olympic leadership is currently in South Korea for the Youth Winter Games and could address the skating medal issue there.

Persons: Kamila, Valieva, “, Madeline Schizas, Kaori Sakamoto, Dmitry Peskov, Peskov, Anna Shcherbakova, James Ellingworth, ___ Organizations: GENEVA, Skating Union, ISU, Sport, Russian Olympic, “ Skate, International Olympic Committee, Skate Canada, Russian, Doping Agency, “, Olympic, IOC, Winter, AP Locations: Russian, United States, Japan, Canada, Beijing, Sochi, Lausanne, Switzerland, Stockholm, Sweden, Russia, China, Montreal, South Korea, Duesseldorf, Germany

☆ Mass tourism has turned Florence into a ‘prostitute,’ museum boss says, sparking outrage
▼ + stars: | 2024-01-30 | by ( Barbie Latza Nadeau | ) edition.cnn.com time to read: +4 min

Rome CNN —Mass tourism has turned the Italian city of Florence into a “prostitute,” the director of Galleria dell’Accademia has said, sparking anger and calls for her to step down. Florence mayor Dario Nardella told Florence City Council on Monday that the city deserved respect and that tourism employs thousands of people. With the Academy, for example, we have tried to enhance every extraordinary part of it,” she said in the museum statement sent to CNN Tuesday. Italy’s culture minister Sangiuliano said his ministry would look further into the matter, but called Hollberg’s words “serious and offensive” in nature. “According to the director of the museum, therefore, Florentines are the children of a prostitute and the tourists are the clients of a prostitute?

Persons: Rome, Cecilie Hollberg, ”, —, Dario Franceschini, Giorgia Meloni, Dario Nardella, ” Nardella, Petr Svarc, Matteo Renzi, “, Gennaro Sangiuliano, Hollberg, Florence, “ I’m, ‘, Sangiuliano, Alessia Bettini, ” Bettini Organizations: Rome CNN, Florence, Florence City Council, UNESCO, Accademia, Academy, CNN, “ Locations: Italian, Florence, dell’Accademia, “, Venice, Italy

☆ Inside the right-wing subculture of Zyn-obsessed nicotine fiends
▼ + stars: | 2024-01-30 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +9 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. After Senate Majority Leader Chuck Schumer called for a federal probe into "Zyn" nicotine pouches last week, the GOP backlash was swift. "Unfortunately Chuck Schumer is more focused on Zyn Pouches than he is about Fentanyl pouring over our border," wrote Rep. Tim Burchett of Tennessee. A 'pro-society' drugA variety of factors drive the proliferation of nicotine among the younger right-wing crowd. Containers of "Zyn" nicotine pouches.

Persons: Tucker Carlson, —, Chuck Schumer, Marjorie Taylor Greene, Schumer, Sen, Thom Tillis, Tim Burchett, Peter Thiel, JD Vance, Ohio, Vance, It's, Michael M, Carlson, Tucker Carlson's, that's, Saagar Enjeti, Greg Price, Andrew Huberman, Peter Attia, they're, There's, Enjeti, Tillis, Gregory Conley, Conley Organizations: Service, GOP, Rep, Fox News, Atlantic, Senate, Republican, State Freedom Caucus Network, Stanford University, Republicans, American Vapor Manufacturers Association, Capitol, Democrats Locations: North Carolina, Tennessee, mainstreaming Zyn, Swedish

☆ Democratic Senate candidate Tammy Murphy backs removing filibuster after saying she hadn't 'given it much thought'
▼ + stars: | 2024-01-30 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

Read previewTammy Murphy, a leading Democratic candidate for Senate in New Jersey, is endorsing the removal of the Senate's "filibuster" rule. Under Senate "filibuster" rules, 60 votes are required to advance most legislation. This story is available exclusively to Business Insider subscribers. His campaign did not respond to a request for comment on Tuesday about whether he supports removing the filibuster. AdvertisementIn 2021 and 2022, Democratic opposition to the came to a fiery head, with Democratic Sen. Joe Manchin of West Virginia and then-Democratic Sen. Kyrsten Sinema of Arizona staunchly opposing changes to the rule.

Persons: —, Tammy Murphy, Tammy, Alex Altman, Murphy —, Phil Murphy —, Murphy, Andy Kim, Sen, Bob Menendez, Kim, It's, Democratic Sen, Joe Manchin, Kyrsten, Roe, Wade, Manchin Organizations: Service, Democratic, Senate, Business, New York Magazine, Rep, Democratic Senate, White, American, Infrastructure Law, Communities, Republican Locations: New Jersey, West Virginia, Arizona, Ohio, Montana

☆ China stock market: CSRC limits short-selling in latest effort to stem a rout
▼ + stars: | 2024-01-29 | by ( Laura He | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —China’s top securities regulator has limited short-selling, in its latest effort to stem a protracted $6 trillion-dollar stock market rout that began in 2021. The China Securities Regulatory Commission announced Sunday it would “fully” suspend the lending of restricted shares on bourses in mainland China. The Shenzhen stock exchange is the second-largest in mainland China after Shanghai. Bloomberg/Getty ImagesCalm returns but challenges remainChinese authorities have stepped up their measures to stem the stock market rout over the past week. A day later, in an unprecedented move, regulators said they were considering evaluating the performance of the heads of state-owned companies based on their stock market value.

Persons: Hong Kong CNN —, ”, Ken Cheung, Evergrande, ” Cheung, Hong, Li Yunze, Pan Gongsheng Organizations: Hong Kong CNN, China Securities Regulatory Commission, Mizuho Bank, Bloomberg, Shanghai Shenzhen, Administration of Financial, People’s Bank of China Locations: Hong Kong, bourses, China, Shanghai, Shenzhen

☆ Goldman Sachs Asset Management’s Elizabeth Burton breaks down market action ahead of key fed meeting
▼ + stars: | 2024-01-29 | 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 EmailGoldman Sachs Asset Management’s Elizabeth Burton breaks down market action ahead of key fed meetingElizabeth Burton, Goldman Sachs Asset Management, joins the 'Fast Money' traders to discuss key topics on her radar and what she’s hearing from large institutional allocators.

Persons: Goldman Sachs, Elizabeth Burton, Goldman Organizations: Goldman, Asset Management

☆ One of Goldman Sachs' top executives running investment banking and global markets is set to step down: Read the full memo
▼ + stars: | 2024-01-29 | by ( Reed Alexander | ) www.businessinsider.com time to read: +8 min

Jim Esposito, one of three co-heads of Goldman Sachs's powerful global banking and markets division, is set to step down. His previous roles include co-head of the global financing group, co-head of global markets, and global co-head of investment banking. Most recently, Jim played an important role in bringing together our Global Markets and Investment Banking franchises to form the Global Banking & Markets business. Jim's passion for our distinctive culture has also been reflected in his commitment to recruiting, developing and mentoring talented individuals around the world, including the next generation of leaders across Global Banking & Markets. Prior to assuming his current role, Jim was global co-head of the Global Markets Division and before that global co-head of the Investment Banking Division.

Persons: Jim Esposito, Goldman, Esposito, He's, David Solomon, Solomon, John Waldron, Waldron, Julian Salisbury, —, Salisbury's, Eric Lane, Gregg Lemkau, Goldman Sachs, Jim, Jenn, David Organizations: Business, Goldman, Wall Street, Business Insider, Bloomberg, Tiger Global, IB, Global Banking, Markets, Management, Investment Banking, Global Markets, Global Markets Division, Global, Group, Trustees, Corporation, Brown University, Advisors, Tuck School of Business, Dartmouth College

☆ Chinese stocks are starting to turn around. How to play it
▼ + stars: | 2024-01-28 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Chinese stocks ended the week with four straight days of gains — a rare upswing after a dismal start to the year. "Investing in China, you have to have an active strategy," he said, emphasizing the need to focus on industries that receive policy support. All three are listed on mainland Chinese stock exchanges. In the past six months, foreign investors have pulled around $30 billion from mainland Chinese A shares, the report said. Citi analysts also include adidas and Kone in their basket of European stocks with China exposure.

Persons: David Chao, Chao, Pan Gongsheng, Edward Chan, Schelling Xie, Xie, CRRC, —, Peter Alexander, Alexander, — CNBC's Michael Bloom Organizations: Asia Pacific, People's Bank of China, PBOC, . Federal Reserve, Financial Regulatory Administration, CNBC, HSBC, Hong, Citi, adidas, Kone Locations: Asia, Japan, Invesco, China, Beijing, Hong Kong, Shanghai, U.S

☆ Warren Buffett's Berkshire Hathaway keeps buying Liberty's SiriusXM tracking shares. Here's why
▼ + stars: | 2024-01-28 | by ( Yun Li | ) www.cnbc.com time to read: +4 min

Berkshire Hathaway continued to buy Liberty Media's tracking stock for New York-based satellite radio company SiriusXM in a likely merger arbitrage play. Billionaire John Malone's media conglomerate currently owns 84% of Sirius XM and has two tracking stocks that represent that stake in the streaming satellite music service — Liberty Media Corp. Series A shares, or LSXMA , and Liberty Media Corp. Series C shares, or LSXMK . Under the terms of the deal, expected to close early in the third quarter, each Liberty Media Sirius tracking share will be exchanged for 8.4 "new" SIRI shares, while "old" SIRI shareholders would receive new shares in a one-for-one exchange. Berkshire loading up In the past week, Warren Buffett's conglomerate added 438,945 shares of LSXMA and 1 million shares of LSXMK for nearly $45 million combined, according to regulatory filings . Berkshire first bought LSXMK in 2016 and now owns almost 22% of the tracking stock, according to FactSet.

Persons: Berkshire Hathaway, John, SIRI, Warren, Buffett, Ted Weschler, Todd Combs, Seth Klarman's Baupost, SIRI overvalued, Wells, Steven Cahall, Cahall, Jason Bazinet, Charlie Munger, Charlie, hasn't Organizations: Berkshire, Liberty, Sirius XM, — Liberty Media Corp, Liberty Media Corp, Nasdaq, Liberty Media, Liberty Media Sirius, Sirius XM Holdings, Sirius, Citigroup, Activision Blizzard, British Columbia Power, Monsanto, Bayer AG, IBM Locations: New York, Berkshire, LSXMA, LSXMK, Omaha

☆ Activist Rubric nominates two directors at Xperi. Here’s how the firm may help enhance shareholder value
▼ + stars: | 2024-01-27 | by ( Kenneth Squire | ) www.cnbc.com time to read: +6 min

Business: Xperi is a technology company that develops software solutions and has the following four main business segments. Rubric is a deep value, long/short investor that will become active in situations that require it. The problem is a culture that is not focused on shareholder value. Accordingly, Rubric Capital nominated Conrad and Lacey for election as directors to the company's board at Xperi's 2024 annual meeting. There is a big difference between settling for two additional directors on a seven-person board and replacing two incumbent directors on a five-person board.

Persons: Xperi, David Rosen, Rosen, Tobii, Conrad, Lacey, Ken Squire Organizations: Smart, TiVo, SAC Capital, Tobii, 13D Locations: New York, Swedish

☆ Investors are shifting into this type of bond fund at the fastest pace in three years
▼ + stars: | 2024-01-26 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

"Bond fund / ETF flows tend to follow returns with about a month lag. The iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) is the top bond ETF by inflows with more than $4.5 billion month to date, according to FactSet. Another notable fund is the Vanguard Intermediate-Term Corporate Bond ETF (VCIT) , which has brought in more than $2 billion. "People have definitely been allocating to investment grade. How fixed income investors react to expected rate cuts from the Federal Reserve is a key question in 2024.

Persons: Yuri Seliger, Bond, Seliger, Stephen Laipply, Laipply Organizations: Bank of, Corporate, Federal Locations: LQD, BlackRock

BANGKOK (AP) — China’s leaders launched a barrage of new policies this week to prop up languishing financial markets and rekindle growth in the world’s second-largest economy. The moves to support lending and spending with billions of dollars of fresh cash gathered pace when the central bank cut bank reserve requirements and issued new rules to encourage banks to lend more to property companies. HOW IS THE CHINESE ECONOMY DOING? The Chinese economy grew at a 5.2% annual pace in 2023, exceeding the government's target, and many indicators including factory output and retail sales show signs of improvement. The moves to put more money into the economy and encourage bank lending might not go far enough, many analysts said.

Persons: —, Premier Li Qiang, ”, It's, Pan Gongsheng, ” Stephen Innes Organizations: State Council, Economic, People's Bank of China Gov, Management Locations: BANGKOK, United States, China, Premier, Davos, Switzerland, Hong Kong, Beijing

☆ Jim Cramer talks the importance of investing with institutional knowledge, not on headlines
▼ + stars: | 2024-01-26 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Jim Cramer talks the importance of investing with institutional knowledge, not on headlines'Mad Money' host Jim Cramer talks recent stock moves and why its important to invest with institutional knowledge.

Persons: Jim Cramer

☆ China stock market: Calm returns after wild week but big challenges remain
▼ + stars: | 2024-01-26 | by ( Laura He | ) edition.cnn.com time to read: +6 min

Hong Kong CNN —It’s been a rollercoaster week for stocks trading in mainland China and Hong Kong. “For a sustained rally in China stocks, we think China will need to address the core of these concerns (predominantly property sector issues and US-China tensions),” the analysts added. In the 7 days to January 24, exchange-traded funds (ETFs) tracking Chinese stocks recorded large inflows of $12.6 billion, according to a Citi survey of global fund managers. Still, investors have been fleeing Chinese stocks over a much longer period because they are worried about the country’s economic prospects. The country is facing the prospect of a vicious cycle whereby lower demand leads to lower investment, lower production and lower income, thus causing even lower demand.

Persons: Hong Kong CNN — It’s, Hong, — haven’t, ” Nomura, “, Li Qiang, ”, Li Yunze, Pan Gongsheng, Florence Lo, HSI, Raymond Yeung, ” Yeung Organizations: Hong Kong CNN, Shanghai Shenzhen, ”, Shanghai Financial Exchange, Bloomberg, State, Supervision, Administration Commission, Administration of Financial, Reuters, People’s Bank of China, Citi, Enodo Economics, HSBC, Greater China, ANZ Research Locations: China, Hong Kong, Shanghai, United States, Beijing, Davos, Switzerland, Greater

☆ The Never Trump movement might be in its last throes, but a news publication it birthed is booming
▼ + stars: | 2024-01-26 | by ( Oliver Darcy | ) edition.cnn.com time to read: +5 min

New York CNN —The Never Trump movement might be on life support, but one of the outlets that it gave birth to is flourishing. George Conway, the conservative attorney whose sharp legal analysis and unsparing political commentary launched him from a well-known D.C. politico into a household name during the Trump administration. “The legal questions surrounding Trump are going to be an enormous part of what happens in 2024,” Longwell noted to me. “As Trump has absorbed the Republican Party, there is less of a mission over how to save it. “When you’ve been a part of the conservative movement and seen how much it has changed, you have no temptation to say these things are equivalent.

Persons: Trump, Donald Trump, Sarah Longwell, James, Kathryn Murdoch, George Conway, Conway, “ George Conway, ” Longwell, George, Charlie Sykes ’, Never Trump, Republican “ expats, you’ve, ”, Longwell, “ Organizations: New York CNN, Longwell, Trump, Apple, Republican Party, Republican Locations: New York

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