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☆ Companies that give money to Democrats are beating Republican donors in the stock market
▼ + stars: | 2024-06-22 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Driving the outperformance in the DEMZ fund is its concentration in mega-cap technology stocks. The top five stocks owned by the DEMZ fund are Nvidia, Apple, Microsoft, Loews, and Costco. About 36% of the DEMZ fund is invested in technology stocks, compared to just 3% for the MAGA fund. The top five stocks owned by the MAGA fund are Vistra, Howmet Aerospace, Charter Communications, Amgen, and Garmin. Another area where the DEMZ ETF is beating the MAGA ETF is in assets under management, with about $36 million invested in the former and about $21 million invested in the latter.

Persons: MAGA, DEMZ, —, outperformance Organizations: Democratic, Republican, Service, Democrat, Core, GOP, Nvidia, Apple, Microsoft, Loews, Costco, Howmet Aerospace, Charter Communications, Garmin, MAGA

☆ Paul Whelan urges Biden admin to take ‘decisive action’ to secure his release as he surpasses 2,000 days in Russian custody
▼ + stars: | 2024-06-22 | by ( Jennifer Hansler | ) edition.cnn.com time to read: +5 min

Whelan said he was aware that Gershkovich’s trial is scheduled to begin behind closed doors in the Russian city of Yekaterinburg next week. Gershkovich, who has been declared wrongfully detained, has also been charged with espionage, which he denies. And in my case, that’s 100% true, and I’m sure in Evan’s case, it’s 100% true. But people go to trial here and they’re automatically guilty, and then they’re given a sentence, and that’s it,” he said. “We put a substantial offer on the table to secure the release of Evan and Paul Whelan some months ago, as we said publicly; we’re continuing to work to secure their release.

Persons: CNN —, Paul Whelan, ”, Biden, Evan Gershkovich, Whelan, “, You’re, it’s, ” Whelan, Evan, Paul, you’ve, ’ ”, Trevor, Reed, – Gordon Black, Alsu Kurmasheva, Gershkovich, they’re, Matthew Miller Organizations: CNN, US State Department, ex, Marine, State Department, ”, Moscow – Locations: Mordovia, Russia, Moscow, Guantanamo, Russian, Yekaterinburg

☆ 3 Columbia Deans Placed on Leave Over Conduct at Antisemitism Panel
▼ + stars: | 2024-06-22 | by ( Hurubie Meko | ) www.nytimes.com time to read: +1 min

Columbia University placed three administrators on leave this week while the school investigated their conduct at an alumni panel discussion on antisemitism last month, according to a university spokesman. The administrators were placed on leave after leaked images emerged last week showing the trio sharing disparaging text messages during the event. The panel, which focused on Jewish life on campus amid tensions over Israel’s war in Gaza, occurred during a Columbia College reunion on May 31. Ms. Chang-Kim also exchanged texts during the event with Josef Sorett, the dean of Columbia College, according to The Free Beacon. In one exchange, Mr. Sorett texted “LMAO,” for “laughing my ass off,” in response to a sarcastic message Ms. Chang-Kim had written about Brian Cohen, the executive director of Columbia/Barnard Hillel, according to The Free Beacon.

Persons: Susan Chang, Kim, Cristen Kromm, Matthew Patashnick, . Chang, Josef Sorett, Sorett, Chang, Brian Cohen, Barnard Hillel Organizations: Columbia University, Columbia College, The Washington Free Beacon, The, Columbia Locations: Gaza

☆ Hezbollah Has Threatened Cyprus. Here’s Why.
▼ + stars: | 2024-06-22 | by ( Ephrat Livni | More About Ephrat Livni | ) www.nytimes.com time to read: +3 min

Cyprus found itself at the center of the world’s attention this week when the leader of Hezbollah threatened to target the small island nation if it supported Israel in potential war efforts. Here’s a closer look at how Cyprus has been pulled into the situation. Their militaries have conducted joint exercises and exchanged visits, and the two countries have a defense cooperation program, according to the Cyprus Ministry of Defense. Cyprus also has a “defense attaché” in Israel — and in about two dozen other nations — as part of what it calls “active defense diplomacy.”There is an additional cooperation agreement between Cyprus, Greece and Israel, which Cyprus says is aimed at “strengthening peace, stability and security in the Eastern Mediterranean.”How did Cyprus respond to Hezbollah’s threat? Other allies of Cyprus also condemned Hezbollah’s threat.

Persons: Hassan Nasrallah, Here’s, ”, Israel —, Nikos Christodoulides, “, Christodoulides, Peter Stano, ” Matthew Miller, Nasrallah’s Organizations: Lebanese, Cyprus Ministry of Defense, American, Cypriot, European Union, State Department Locations: Cyprus, Israel, Iran, Lebanon, Britain, Egypt, France, Greece, Gaza

☆ Kim Jong Un gave Putin some fan art of the Russian leader, and that's just the tip of their dog-petting, joyriding day of ultimate bromance
▼ + stars: | 2024-06-21 | by ( Matthew Loh | ) www.businessinsider.com time to read: +1 min

With North Korea aggressively testing devastating weapons, Seoul is aghast at the Putin-Kim meet-up. SEOUL, SOUTH KOREA - 2024/04/22: South Korea's 24-hour Yonhapnews TV shows a file image of North Korea's missile launch during a news program on a TV at Yongsan Railroad Station in Seoul. Now, South Korean officials say the revitalized partnership between North Korea and Russia may prompt Seoul to lift its ban on sending weapons to Ukraine. South Korea has a substantial conventional arms manufacturing sector and is the world's 10th biggest arms exporter, per the Stockholm International Peace Research Institute. Putin sought to assure Seoul that the treaty only dealt with either country defending each other, though he did not address South Korea's concerns that Russia was enabling Pyongyang.

Persons: Kim, Kim Jae, Putin Organizations: North, Putin, SOUTH, Getty Images, Stockholm International Peace Research Institute, DPRK, RIA Novosti Locations: North Korea, Seoul, SEOUL, SOUTH KOREA, Yongsan, Korea, Pyongyang, Moscow, Russia, Ukraine, South Korea, Stockholm, Republic of Korea, RIA

☆ The Fed's first rate cut could come next month if the labor market slows
▼ + stars: | 2024-06-21 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The Federal Reserve may cut interest rates in July to prevent a recession. Markets are only pricing in a 10% chance of an interest rate cut in July, according to the CME FedWatch Tool. AdvertisementMarkets may think it's a long-shot, but the Federal Reserve could make its first interest rate cut in July as recessionary cracks start to form in the economy. According to the CME FedWatch Tool, markets are only pricing in a 10% chance of an interest rate cut at the July policy meeting, with most market participants expecting the first interest rate cut to happen in either September of November. And with recent data showing cracks forming in the housing and labor markets, that means a rate cut will happen sooner than most expect.

Persons: —, Steven Blitz, Jerome Powell, Powell, Neel Kashkari Organizations: Service, Federal Reserve, GlobalData, Fed

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Jim Cramer has said he's tentative about the next steps and has the stock in the penalty box. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Dow, WTI, Coterra, Uber, Jeff Marks, Marks, — CNBC's Matthew J, Belvedere, Kevin Stankiewicz, Jim Cramer's, Jim Organizations: CNBC, Nvidia, Microsoft, Apple, Nasdaq, West Texas, Coterra Energy, Reuters, Amazon, Alexa, Starbucks, Wall Street Journal, Jim Cramer's Charitable Locations: U.S

☆ How China could take Taiwan without even needing to invade
▼ + stars: | 2024-06-21 | by ( Brad Lendon | ) edition.cnn.com time to read: +12 min

“China has significantly increased pressure on Taiwan in recent years, stoking fears that tensions could erupt into outright conflict. China’s escalating gray zone tactics were on stark display this week as China Coast Guard vessels clashed with Philippine Navy boats in the South China Sea. In the 24 hours ending at 6 a.m. Friday, 36 Chinese military aircraft crossed into Taiwan’s air defense identification zone, Taiwan’s Defense Ministry says. Meanwhile, a quarantine, rather than a blockade, would not require China to close or restrict access to the Taiwan Strait, the CSIS report notes. Under its claims that Taiwan is Chinese territory, Beijing could require customs declarations to be filed before vessels can call in Taiwan.

Persons: CNN —, Beijing’s, Xi Jinping’s, Bonny Lin, Brian Hart, Matthew Funaiole, Samantha Lu, Tinsley, stoking, Adm, Dong Jun, ”, Dong, China’s, “, Joe Biden, Rong Xu, Carl Schuster, ” Schuster, Alessio Patalano, Sidharth Kaushal, Patalano Organizations: CNN, Communist Party, Center for Strategic, International Studies, China Coast Guard, CSIS, TAIWAN, GUARD, People’s Liberation Army, PLA, Chinese Defense, Philippine Navy, Taiwan Relations, White, PLA Navy, Maritime Safety Agency, Taiwan’s Defense Ministry, Bloomberg, Getty, “, Pacific Command’s Joint Intelligence Center, Taipei, King’s College, Taiwan’s Ministry of Economic Affairs, Imports, Royal United Services Institute Locations: Taiwan, Ukraine, China, Washington, United States, Pengjia, Beijing, Singapore, South China, Manila, Second, Philippines, Taiwan’s, Taiwan Strait, Port, Taichung, Kaohsiung, London, Covid

☆ Fake elector case in Nevada dismissed over venue question, state attorney general vows appeal
▼ + stars: | 2024-06-21 | by ( Associated Press | ) edition.cnn.com time to read: +5 min

Nevada Attorney General Aaron Ford said he’ll take the issue to the state Supreme Court after Clark County District Court Judge Mary Kay Holthus ruled that Las Vegas was the wrong venue for the case. “They’re done,” said Margaret McLetchie, attorney for Clark County Republican Party chairman Jesse Law, one of the defendants in the case. The state Republican Party issued a statement welcoming the court decision, pointing to Ford’s vow to appeal and asking for contributions to continue the court fight. Chattah ran as a Republican in 2022 for state attorney general and lost to Ford by just under 8% of the vote. Also, unlike other states, Nevada did not have a legal challenge pending in courts at the time.

Persons: Donald Trump, Aaron Ford, he’ll, Mary Kay Holthus, we’ll, ” Ford, “ They’re, ”, Margaret McLetchie, Jesse Law, Michael McDonald, Jim DeGraffenreid, Shawn Meehan, Jim Hindle, Eileen Rice, McDonald’s, Richard Wright, Ford, ” Wright, Holthus, Matthew Rashbrook, McDonald, Brian Hardy, Meehan, Sigal Chattah, Chattah, Joe Biden, Kenneth Chesebro, Chesebro, Trump, Biden, State Barbara Cegavske, Cegavske Organizations: LAS VEGAS, Las, Clark County Republican, Democratic, Republican, “, Republican Party, Convention, Ford, Trump, State Locations: Nevada, Clark, Las Vegas, Carson, Douglas, Storey County, Carson City, Reno, ”, Nevada’s Storey, Milwaukee, Arizona, Georgia, Michigan, New Mexico, Pennsylvania, Wisconsin

☆ Apple stock gets fresh upgrades pointing to 14% upside as it becomes a leader in the AI race
▼ + stars: | 2024-06-21 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The research firms both raised their Apple price target to $240, representing potential upside of 14%. Both CFRA and Bernstein increased their Apple price target to $240 per share on Friday. According to CFRA analyst Angelo Zino, who previously had a $210 price target, Apple is poised to turn the iPhone into "the ultimate personal assistant." "We expect Apple Intelligence (AI) to help support incremental consumer upgrades, driven by loyalists and an aging installed base, with AI being more evolutionary than cyclical that will aid multiple years of growth," Zino said. Bernstein bases its $240 price target on fiscal year 2025 earnings per share of $8.00 and a historically high multiple of 30x earnings.

Persons: Apple, CFRA, Bernstein, —, Angelo Zino, turbocharges Siri, Zino, Toni Sacconaghi, Sacconaghi Organizations: Service, Apple, Apple Intelligence, Apple Stock Locations: WWDC

☆ Fordyce, Arkansas shooting: 2 dead, 8 injured following grocery store shooting
▼ + stars: | 2024-06-21 | by ( Zoe Sottile | Justin Lear | ) edition.cnn.com time to read: +2 min

CNN —Ten people have been shot, 2 fatally, following an active shooter incident at Mad Butcher Grocery in Fordyce, Arkansas, according to state police. “At approximately 11:30 a.m. today, Arkansas State Police responded to a shooting incident at the Mad Butcher grocery store in Fordyce,” said a news release from Arkansas State Police. Rodriguez says the Mad Butcher grocery store’s front windows were broken as if they had been “shot open” by gunfire. As the shooting unfolded, some people hid in a cooler in the grocery store, Fordyce City Council Member Roderick Rogers told CNN affiliate KATV. He said he was on the phone with someone in the store when the shooting took place.

Persons: Mad Butcher, ”, Sarah Huckabee Sanders, David Rodriguez, “, Rodriguez, Butcher, Matthew Gill, Roderick Rogers, ” Rogers, Fordyce Organizations: CNN, “, Arkansas, Police, Mad, Arkansas State Police, KATV Locations: Fordyce , Arkansas, Fordyce, United States, Dallas County

☆ FDA OKs first menthol e-cigarettes, citing potential to help adult smokers
▼ + stars: | 2024-06-21 | by ( ) www.cnbc.com time to read: +3 min

The Food and Drug Administration on Friday authorized the first menthol-flavored electronic cigarettes for adult smokers, acknowledging that vaping flavors can reduce the harms of traditional tobacco smoking. The FDA said it authorized four menthol e-cigarettes from Njoy, the vaping brand recently acquired by tobacco giant Altria , which also sells Marlboro cigarettes. "This decision could mean we'll never be able to close the Pandora's box of the youth vaping epidemic," said Meredith Berkman, co-founder of Parents Against Vaping E-cigarettes. Njoy is one of only three companies that previously received FDA's OK for vaping products. Altria's data showed Njoy e-cigarettes helped smokers reduce their exposure to the harmful chemicals in traditional cigarettes, the FDA said.

Persons: Meredith Berkman, Vaping, —, vaping, Vuse, Matthew Farrelly Organizations: Drug Administration, FDA, Marlboro, Parents, Nielsen, Reynolds American, FDA's Center for Tobacco Products Locations: U.S

☆ Stock market today: US stocks edge lower as AI-fueled tech rally stalls
▼ + stars: | 2024-06-21 | by ( Matthew Fox | ) www.businessinsider.com time to read: +1 min

US stocks moved slightly lower on Friday following a sharp reversal in tech stocks on Thursday. AdvertisementThe AI-fueled tech rally showed signs of exhaustion, with the stalwart Nvidia experiencing a near 7% swing in Thursday's trading session, rising as much as 3% before it finished the day lower by 3.5%. Other AI tech darlings saw sharp reversals and moved lower on Thursday, with those losses spilling over into Friday's trading session. There is rising inventory and a perceived drop in traffic that is recessionary in its level," GlobalData TS Lombard said on Thursday. Here's where US indexes stood shortly after the 9:30 a.m. opening bell on Friday:AdvertisementHere's what else is going on today:In commodities, bonds, and crypto:

Persons: GlobalData, Lombard Organizations: Nvidia, Dell, Broadcom, Micro, Federal Reserve Locations: Here's

☆ Trump Media Stock Down 50% Since Former President’s Conviction
▼ + stars: | 2024-06-21 | by ( Matthew Goldstein | ) www.nytimes.com time to read: +1 min

On Friday, the value of his 115 million shares of Trump Media had dropped to less than $3 billion. By any measure, Mr. Trump’s stake is still worth a tremendous amount of money. But the social media company’s shares have been extremely volatile, as highlighted by the steep decline this month. Trump Media’s stock price traded as high as $66 after its merger with a public shell company in late March, and as low as $23 a few weeks later. The stock traded just above $25 on Friday, down 5 percent on the day.

Persons: Donald J, Trump’s Organizations: Trump Media & Technology Group, Truth, Trump Media, Trump Locations: New York

☆ The Supreme Court Upheld a Law Disarming Domestic Abusers
▼ + stars: | 2024-06-21 | by ( Matthew Cullen | ) www.nytimes.com time to read: +1 min

The Supreme Court, in an 8-to-1 decision, ruled today that the government can take guns away from people subject to restraining orders for domestic violence. In particular, a 2022 ruling from the court vastly expanded Second Amendment rights and created a new test to assess gun laws by looking at historical practices to judge their constitutionality. Using that test, a federal judge had ruled that it was unconstitutional to take guns from domestic abusers. But today, Chief Justice John Roberts, writing for the majority, said that Second Amendment rights do have limits. He argued that the government has a better way to disarm dangerous people: by prosecuting them for criminal violence.

Persons: John Roberts, ”, Clarence Thomas

☆ 'Perfect Wife' is based on the true story of a woman who faked her kidnapping. Here's what happened to Sherri Papini.
▼ + stars: | 2024-06-21 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +4 min

Read preview"Perfect Wife: The Mysterious Disappearance of Sherri Papini" tells the story of a woman who went missing on November 2, 2016, after she staged her own kidnapping. The Hulu true crime docuseries details how Sherri Papini was found 22 days later in Yolo County, California, near Interstate 5, some 150 miles away from her home in Redding, California. AdvertisementShe signed a plea deal admitting that she had lied to the authorities and that the kidnapping never happened. Papini was released from prison in 2023Sherri Papini leaves the federal courthouse after being sentenced to 18 months in prison in September 2022. Rich Pedroncelli/APAccording to the Federal Bureau of Prisons, Papini was officially released from prison on September 29, 2023.

Persons: —, Sherri Papini, James Reyes, Denise Huskins, Matthew Muller, Papini, Reyes, Keith Papini, Rich Pedroncelli, Papini's, I've, Violet, Tyler Organizations: Service, Business, Netflix, FBI, Federal Bureau of Prisons, CBS News, Redding, USA Locations: Yolo County , California, Redding , California, Costa Mesa, Sacramento , California, California

☆ Judge Aileen Cannon to entertain Trump’s claim the special counsel is unlawful in Friday hearing
▼ + stars: | 2024-06-21 | by ( Holmes Lybrand | ) edition.cnn.com time to read: +5 min

Trump is arguing that Jack Smith – who has brought charges against Trump in Florida and Washington, DC – was unlawfully appointed as special counsel. At the center of Trump’s argument is the claim that the Attorney General Merrick Garland does not have legal authority to appoint someone as special counsel who hasn’t confirmed by the Senate. The Justice Department says the attorney general has ample authority to appoint “inferior officers,” which would include special counsels. “This Court should hold as a matter of law that the Attorney General lawfully appointed the Special Counsel,” the attorneys wrote. Almost inverse from Trump, Biden argued that special counsel David Weiss was unlawfully appointed because he was already in the federal government and therefore not fully independent.

Persons: Donald Trump, Aileen Cannon, Trump, Jack Smith –, –, Merrick Garland, hasn’t, “, Trump’s, Cannon, Smith “, ”, Smith, Josh Blackman, Gene Schaerr, Matthew Seligman, I’ve, ” Blackman, Hunter Biden, Biden, David Weiss Organizations: Pierce , Florida CNN, Trump, Senate, The, Department, Republican, Fort Pierce, The New York Times, Citizens United, United, United States Government, Justice Department, State Democracy Defenders, CNN Locations: Pierce , Florida, Florida, Washington, Fort, United States

☆ Trump Media shares are in free fall
▼ + stars: | 2024-06-21 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

New York CNN —Truth Social owner Trump Media & Technology Group has gone ice-cold. The weeks-long selloff accelerated in recent days as Trump Media announced it received approval from regulators for a move that threatens to water down the holdings of shareholders. The problem is that even after the recent selloff, Trump Media is still valued in the billions of dollars, and yet it generates very little revenue. Not only that, but Truth Social remains a tiny player in social media, dwarfed by Elon Musk’s X (formerly Twitter), Reddit and even Instagram’s Threads. “Today marks another milestone for Truth Social,” Trump Media CEO Devin Nunes said in a statement on Tuesday.

Persons: Donald Trump, ”, Jay Ritter, Elon Musk’s, Matthew Kennedy, that’s, Kennedy, Devin Nunes, Ritter, Trump Organizations: New, New York CNN, Truth, Trump Media & Technology Group, Trump, Trump Media, University of Florida, Renaissance, GameStop, AMC, Securities and Exchange Commission, ” Trump Media Locations: New York

☆ Stock market today: US stocks close mixed but gain for the week as the AI trade stumbles
▼ + stars: | 2024-06-21 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

US stocks finished the week higher even as the AI trade showed signs of exhaustion. Some economists are calling on the Fed to cut interest rates in July as the risk of a recession grows. AdvertisementUS stocks closed mixed on Friday but finished the week higher even as the artificial intelligence trade showed signs of stumbling. Leading the market higher this week was the Dow Jones Industrial Average, which was up nearly 2%. The S&P 500 and Nasdaq 100 finished the week higher by about one-half of a percent.

Persons: Dow Jones, —, Claudia Sahm, Sahm, I'm Organizations: Nasdaq, Service, Dow Jones, Nvidia, Broadcom, Dell, Federal Reserve, CNBC

☆ There are 5 reasons any dip in Nvidia stock will be short-lived - and investors should use a decline as a buying opportunity
▼ + stars: | 2024-06-20 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Nvidia stock still offers a compelling valuation even after its 170% rally this year, BofA says. There are five reasons investors should view any decline in Nvidia stock as a buying opportunity. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . These are the five reasons Arya is staying bullish on the stock. Arya reiterated his "Buy" rating on Nvidia stock and $150 price target, representing upside of 12% from current levels.

Persons: BofA, —, Vivek Arya, Arya, Rosenblatt Organizations: Nvidia, Service, Bank of America, Blackwell Locations: CQ2

☆ Russia inexplicably dropped another 3 bombs on its own territory, bringing its total reported self-bombings to 103 this year, opposition media says
▼ + stars: | 2024-06-20 | by ( Matthew Loh | ) www.businessinsider.com time to read: +1 min

Russia has dropped 103 bombs on its own territories in the last four months, Astra reported. This comes after the outlet wrote that three more FABs were found in Russian villages near the border. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementRussian opposition media channel Astra reported on Wednesday that the Kremlin's forces had deployed three Soviet glide bombs this week onto Russian-controlled regions. No injuries were reported, but Astra assessed that the new incidents mean Russia has dropped a total of 103 bombs on its own territories in the last four months.

Persons: — Organizations: Astra, Service, Business Locations: Russia, Ukraine, Krapivnoye, Belgorod

☆ Trump Media stock has plunged 46% since Donald Trump was found guilty in hush-money trial
▼ + stars: | 2024-06-20 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

Trump Media stock has plunged 46% since Trump's federal hush-money trial verdict. AdvertisementTrump Media stock has plunged 46% since former President Donald Trump was found guilty of 34 counts of falsifying business records in his federal hush-money trial last month. Trump Media stock fell 6% on Monday, declined by another 10% on Tuesday, and is down another 10% on Thursday. Trump Media's amended S-1 filing also includes a new risk that comes just weeks after former President Donald Trump signed up for TikTok. Trump has almost exclusively posted on his Truth Social media platform since he was banned from most major social media platforms following the January 6 insurrection.

Persons: Devin Nunes, —, Donald Trump, Nunes, Trump, Donald J Organizations: Trump Media, SEC, Trump Media's, Service, Social, TikTok, Truth Locations: TMTG

☆ Bitcoin is sending a warning that the stock market is about to sell off, Stifel says
▼ + stars: | 2024-06-20 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Bitcoin's 10% sell-off since June 7 signals a warning for the broader stock market. AdvertisementBitcoin's 10% sell-off since June 7 is sending a warning sign to the broader stock market, according to Stifel strategist Barry Bannister. Bitcoin's inability to hit new record highs suggests the stock market is likely to play catch-up as it's set to decline in line with the cryptocurrency, according to the note. Bannister isn't the only analyst on Wall Street taking stock market cues from bitcoin. AdvertisementAdding to Bannister's conviction of an imminent stock market sell-off is the Federal Reserve, which could keep interest rates higher for longer to combat still-elevated inflation.

Persons: Barry Bannister, Bannister, —, bitcoin, Bannister isn't, Katie Stockton, Stockton, " Bannister Organizations: Nasdaq, Service, Nvidia, Apple, Wall, Fairlead, CNBC, Federal Reserve, Big Tech

☆ Stock market today: Record-setting rally stalls as Nvidia slides and economic data softens
▼ + stars: | 2024-06-20 | by ( Max Adams | Matthew Fox | ) www.businessinsider.com time to read: +2 min

US stocks closed mostly lower Thursday, ending a long streak of gains for the S&P 500 and the Nasdaq. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Nvidia dragged the market lower as the tech giant dropped 3% after rising as much in early morning trading. The S&P 500 climbed above 5,500 for the first time ever on Thursday before dipping back below that level. Advertisement"At the same time, labor market indicators like initial and continued jobless claims are weakening.

Persons: —, Bill Adams Organizations: Nasdaq, Nvidia, Traders, Service, Dow Jones, Comerica Bank

☆ Barbara Gladstone, 89, Dies; Art Dealer With a Personal Touch and Global Reach
▼ + stars: | 2024-06-20 | by ( Will Heinrich | ) www.nytimes.com time to read: +1 min

Barbara Gladstone, an art dealer whose eye for spotting talent and knack for nurturing it helped her to build one of the largest and most influential contemporary art galleries in New York, died on Sunday in Paris. She was 89. Her gallery said her death, in a hospital, was caused by an ischemic event, whose symptoms are similar to those of a stroke. Ms. Gladstone, who was on a working trip to Paris, lived in Manhattan. What brought these disparate artists together on her list was her abiding interest in them personally and the devoted way she husbanded their work.

Persons: Barbara Gladstone, Gladstone, Robert Rauschenberg, Keith Haring, Elizabeth Murray, Matthew Barney, Mario Merz, Alighiero Boetti, Richard Prince, Robert Bechtle, Shirin Neshat, Wangechi Mutu, LaToya Ruby Frazier Organizations: Italian Arte Locations: New York, Paris, Manhattan, Italian

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