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'Retail is detail', says VantageRock's Avery Sheffield
  + stars: | 2023-08-30 | 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 Email'Retail is detail', says VantageRock's Avery SheffieldAvery Sheffield, VantageRock co-founder, joins 'Closing Bell' to discuss market momentum and takeaways from retail earnings.
Persons: VantageRock's Avery Sheffield Avery, VantageRock Organizations: VantageRock's Avery Sheffield Avery Sheffield
As stocks fell into a bear market last year and interest rates jumped sharply, the market for initial public offerings ground to a halt. And investors have warmed up to less-proven stocks in general, as shown by the Renaissance IPO ETF (IPO) . IPO YTD mountain The Renaissance IPO ETF has outperformed the S & P 500 in 2023. The fund does not have any restrictions around concentrations in specific industries. "Right now, it's very tech-heavy, which is to be expected after 2021 when a lot of big tech companies went public," Spear said.
Persons: Avery Spear, Spear Organizations: Tech, FTSE Russell, Renaissance
Seoul, South Korea CNN —North Korea’s “firm support” for Russia’s war in Ukraine emboldens the two countries’ determination to cope with Western nations, Russian President Vladimir Putin said in a speech to North Korean officials on Thursday, according to a report in North Korean state media. The 1950-1953 Korean War was one of the first international conflicts of the Cold War era. North Korean leader Kim Jong Un meets with Russia's Defence Minister Sergei Shoigu in Pyongyang, North Korea, on July 28, 2023. A missile displayed during a military parade to commemorate the 70th anniversary of the Korean War armistice in Pyongyang, on July 27, 2023. KCNA/ReutersAs the parade went on below, North Korea flew versions of a new “strategic reconnaissance drone and the multi-purpose attack drone” overhead, according to KCNA.
Persons: , Vladimir Putin, Putin, ” Putin, , ” KCNA, Kim Jong Un, Sergei Shoigu, Kim Il, Kang Sun Nam, KCNA, Li Hongzhong, Kim Jong, Kim, Shoigu, Kim Song Nam, North Korea “, Leif, Eric Easley, Easley Organizations: South Korea CNN, Ukraine emboldens, , Korean Central News Agency, North Korean, Russia's, KCNA, Reuters, Analysts, North Korean Defense, North Korean Army Forces, Russian, Communist Party Politburo, North, Chinese Communist Party, Reuters Analysts, Ewha Womans University Locations: Seoul, South Korea, Ukraine, Western, Russian, North Korean, Korea, Russia, “ Solidarity, North Korea, Pyongyang, United States, KCNA, China, Beijing
North Korean leader Kim Jong Un meets with Russian Defense Minister Sergei Shoigu and his delegation, North Korean state media KCNA reported on July 26, 2023. Meanwhile, Moscow over the decades has been a staunch ally for North Korea, especially as the two share a joint animosity toward the West. US officials said last year that North Korea was selling millions of rockets and artillery shells to Russia for use on the battlefield in Ukraine. North Korea typically marks key moments in its history with displays of its newest weaponry. One such weapon that may be on display is the Hwasong-18 ICBM, a solid-fueled, nuclear-capable missile that North Korea claims could hit anywhere in the United States.
Persons: Kim Jong Un, Sergei Shoigu –, Kang Sun Nam, Shoigu, Li Hongzhong, Kim Song Nam, North Korea “, ” Ankit Panda, Stanton, ” Panda, Blake Herzinger, “ It’s, ” Herzinger, Sergei Shoigu, Pyongyang’s, Camp Humphreys, Xi Jinping, Panda, Vladimir Putin, Xi, Putin, Wagner Organizations: South Korea CNN —, Russian, North Korean Defense, Korean Central News Agency, Korean People’s Army, North Korean, Nuclear, Carnegie Endowment, International Peace, United States Studies Center, Russian Defense, United Nations Command, Beijing, Aid, UN Command, Army, US, Chinese Communist Party, UN Security Council, Foreign Ministry, US Navy Locations: Seoul, South Korea, Russia, China, North, Pyongyang, Ukraine, North Korea, Moscow, Australia, North Korean, United States, Aid Korea, Soviet Union, Pyeongtaek, Beijing, Soviet, Russian, Iran, Korea, Moscow’s, Japan
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGrowth and tech looks vulnerable to VantageRock's Avery SheffieldAvery Sheffield, VantageRock senior portfolio manager, joins 'Closing Bell' to discuss the critical week for markets ahead.
Persons: VantageRock's Avery Sheffield Avery Organizations: VantageRock's Avery Sheffield Avery Sheffield
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with VantageRock's Avery Sheffield and Wealth Enhancement's Ayako YoshiokaAvery Sheffield VantageRock senior portfolio manager and Ayako Yoshioka, Wealth Enhancement Group, join 'Closing Bell' to discuss the critical week for markets ahead.
Persons: VantageRock's Avery, Yoshioka Avery, Ayako Organizations: Yoshioka Avery Sheffield VantageRock Locations: VantageRock's Avery Sheffield
Shake Shack's founder told CNBC that customers shouldn't feel obligated to tip on takeout orders. Last year, Shake Shack added the option to tip at all its locations. More restaurants are prompting customers to tip during payment, causing confusion and frustration. Meyer said customers shouldn't feel obliged to tip when ordering takeout or coffee from a restaurant. Meyer founded Union Square Hospitality Group, and while the group doesn't oversee Shake Shack, it does manage many restaurants in New York City.
Persons: Shack, Danny Meyer, Meyer, Joe Biden Organizations: CNBC, Service, Square Hospitality Group, US Department of Labor Locations: Wall, Silicon, New York City
[1/3] Mark Walsh, CEO of Savers Value Village, celebrates his company's IPO on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 29, 2023. REUTERS/Brendan McDermidJune 29 (Reuters) - Thrift store operator Savers Value Village (SVV.N) fetched a market capitalization of nearly $4 billion in a strong debut on the New York Stock Exchange on Thursday, underscoring a resurgence in the IPO market as investors lap up new listings. Savers Value, owned by private equity firm Ares Management (ARES.N), joins a host of companies that have enjoyed a warm reception in recent months, reviving hopes the frosty IPO market has begun to thaw. So really this (an IPO) was the right smart option for us to move forward," said Savers Value CEO Mark Walsh. Savers Value and Ares raised over $401 million in the share sale on Wednesday.
Persons: Mark Walsh, Brendan McDermid, Avery Spear, Johnson, Ares, Niket Nishant, Sri Hari, Echo Wang, Krishna Chandra Organizations: New York Stock Exchange, REUTERS, Ares Management, U.S, U.S . Federal, Renaissance, Rivian, Kodiak Gas Services, Fidelis Insurance Holdings, Canada's Healthcare, Ontario, Norway's Norges Bank Investment Management, Thomson Locations: New York City, U.S, U.S ., Sri, Bengaluru, Echo, New York
Then the war came, and according to the family history, Union soldiers plundered Sessions’ 27-room house. About 48 years old at the time, he did not stand a chance to succeed without slavery, the family history suggests. ‘A Better Nation’Some historians and genealogists say there is a valuable reason for white leaders – and other white Americans – to explore their links to slavery. Nicka Sewell-Smith, a professional genealogist with the family history website Ancestry.com, said people frequently ask her what to do with such documents. The top Democrat on the House Foreign Affairs Committee, Meeks said in an interview that he has spent years trying to trace his family history back before 1870.
Persons: Black, Mitch McConnell, Lindsey Graham, Tom Cotton, James Lankford, Elizabeth Warren, Tammy Duckworth, Jeanne Shaheen, Maggie Hassan, Joe Biden, , Donald Trump –, Jimmy Carter, George W, Bush, Bill Clinton, Barack Obama, Trump’s, Amy Coney Barrett, Neil Gorsuch –, Asa Hutchinson, Doug Burgum, Tim Scott, James Clyburn, Henry McMaster, , Henry Louis Gates Jr, Gates, ” “, ” Gates, enslavers, Tony Burroughs, Biden, Obama, McConnell, Burroughs, Joseph Maddox, Maddox, Sela, Rubin, James, Sal, Sam ”, Graham, Graham didn’t, Nancy Mace, Drucilla, Drucilla Mace, John Mace, Hector Godbolt, John Mace’s, Godbolt, , ” Nancy Mace, Henry Coe, Duckworth, Coe, Margaret, Isaac, Warner, George …, Isaac Franklin –, “ There’s, ” Duckworth, George Floyd, Donald Trump, ” Biden, , , Ben Affleck, ” Affleck, Independent Angus King, Mo Brooks, ” Brooks, Sean Kelley, Kelley, White, don’t, wasn’t, Richard Sessions, Pete Sessions, Richard’s, William Sessions, John Cowger, Tom Cotton of, ” Cotton’s, Cowger, Cotton, Archibald Crawford, Juneteenth, Shaheen, Pocahontas, Edmond Dillehay, Peter ”, Milly, Lankford, ” Lankford, Joe Wilson, Stephen H, Wilson, Boineau, General David Addison Weisiger, Wilson –, Addison Graves Wilson –, Weisiger “, ” Wilson, Daniel Weisiger, Daniel Weisiger’s, Samuel, Samuel Weisiger, Daniel, Julia Brownley, Jesse Brownley, Brownley, ” Brownley, Thomas Ferguson, Brooks, Manumission, Marie Jenkins Schwartz, ” “ It’s, Union General William Tecumseh Sherman, Harvard’s Gates, Sherman, Andrew Johnson, Abraham Lincoln, Nicka Sewell, Smith, Ancestry.com, ” Sewell, LaBrenda Garrett, Nelson, Garrett, Rick Larsen, John Wiggins, Larsen, – Gilbura, George, Agg –, ” Larsen, Gilbura, Agg, Gregory Meeks, Meeks, Jim Crow South, – Meeks, – “, ” Meeks, “ I’m, I’m, Tom Bergin, Makini Brice, Nicholas P, Brown, Donna Bryson, Lawrence Delevingne, Brad Heath, Andrea Januta, Gui Qing Koh, Tom Lasseter, Grant Smith, Maurice Tamman, Catherine Tai Design, John Emerson, Jane Ross, Emma Jehle, Jeremy Schultz, Blake Morrison Organizations: Reuters, Republicans, U.S, Supreme, Republican, Harvard University, PBS, United States Congress, Representative, WikiLeaks, Sony, Facebook, White, FedEx, National Museum of, 117th, Independent, University of Essex, Geographic, American Economic, Pete Sessions, Sessions, Federal Bureau of Investigation, Jeanne Shaheen U.S, CNN, Biden, Trump, ” Reuters, South, South Carolina General Assembly, Confederate, statehouse, Congressional, Chesterfield County, Mount Vernon College, George Washington University, Mo Brooks Former U.S, , New York Times, United, Federal Government, Union, Black, Southern, Democrat, House Foreign Affairs, Klux Klan Locations: U.S, America, Confederate States, Arkansas, North Dakota, South Carolina, Congress, Black, Northern, Southern, Illinois, Virginia, Frederick County , Virginia, United States, Minnesota, , Mo Brooks of Alabama, American, Texas, Mississippi, Chicot County , Arkansas, Chicot County, Tom Cotton of Arkansas, Yell County, Yell County , Arkansas, New Hampshire, Oklahoma, Tulsa, Georgia, Pennsylvania, Michigan, Frankfurt, Germany, Chesterfield County , Virginia, California, Portsmouth , Virginia, Alabama, Haywood County , North Carolina, Antebellum, United States of America, Washington, Nicholas County , Kentucky, Queens , New York, New York, York County, Mende, Sierra Leone, Africa, Bunce
The poll found that 74% of Black Americans favor reparations compared to just 26% of white Americans. A divided America Views on whether the U.S. government should provide some form of reparations for slavery and its legacy are split along party and racial lines. They also say it’s wrong to have taxpayers finance reparations, given that no one alive today is responsible for slavery. In April 2021, Gohmert went on the attack by proposing an amendment calling for the Democratic Party to pay for reparations. In the slavery era, the Democratic Party supported slavery; the Republican Party, led by Abraham Lincoln, called for slavery’s restriction and eventually abolished it.
Persons: , Elizabeth Warren, Chris Van Hollen, Lloyd Doggett, Tommy Tuberville, John N, Kennedy, Louie Gohmert, , Black, Robert Lindsay, Gohmert, Abraham Lincoln, Lindsay, Valentine, ” Tuberville, , Tuberville, Valentine Brazil, Nathan Calhoun, ” Kennedy, Nathan Calhoun’s, Dabney P, Calhoun, John Crawford, ’ Warren, Warren, – Crawford, Crawford, ” Warren, Isaac Hollingsworth, , Van Hollen, ” Van Hollen, Miller Doggett, Doggett, ” Doggett, Jim Crow, Tom Bergin, Makini Brice, Nicholas P, Brown, Donna Bryson, Lawrence Delevingne, Brad Heath, Andrea Januta, Gui Qing Koh, Tom Lasseter, Grant Smith, Maurice Tamman, Catherine Tai Design, John Emerson, Jeremy Schultz, Blake Morrison Organizations: Black, Reuters, , 117th, U.S ., Louie Gohmert Former U.S, Representative, Republican, Democratic Party, Republican Party, Vigilance, Kennedy U.S, Massachusetts Democrat, Senate, Chris Van Hollen U.S, Maryland, Lloyd Doggett U.S, H.R, Texas Democrat Locations: United States, America, U.S . Civil, Louie Gohmert Former, Texas, Europe, Bowie County , Texas, Boston, Bowie County, Alabama, Valentine Brazil, Nevada, Tuberville, Saline County , Arkansas, Brazil, Ouachita, Louisiana, Abbeville , South Carolina, Massachusetts, Dorchester County , Maryland, Maryland, Virginia, Tennessee
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt's safer to buy into companies that have negativity priced in, says VantageRock's Avery SheffieldAvery Sheffield, VantageRock co-founder, joins 'Closing Bell' to discuss inflation, recession risks, and risks to the momentum trade.
Persons: VantageRock's Avery Sheffield Avery, VantageRock Organizations: VantageRock's Avery Sheffield Avery Sheffield
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with VantageRock's Avery Sheffield and Yardeni Reserch's Ed YardeniAvery Sheffield, VantageRock co-founder, and Ed Yardeni, Yardeni Research president, join 'Closing Bell' to discuss inflation, recession risks, and risks to the momentum trade.
Persons: VantageRock's Avery, Yardeni, Ed Yardeni Avery Sheffield, VantageRock, Ed Yardeni Organizations: VantageRock's Avery Sheffield, Yardeni Research
CNN —LeBron James continues paving the way for his post-basketball media career, this time by producing a superstar origin story adapted from his book, “Shooting Stars,” about how his hoops heroism came with an assist from a close-knit group of friends. Directed by Chris Robinson, the story is adapted from the book by James and “Friday Night Lights” author Buzz Bissinger, and previously served as the basis for the documentary “More Than a Game.”Sian Cotton, Romeo Travis, Dru Joyce III, Willie McGee, Coach Dru Joyce II and LeBron James, the real-life inspiration for "Shooting Stars." Where “Shooting Stars” merely glances the rim, ultimately, is the basketball sequences themselves, which rely too much on slow motion and don’t conjure much excitement. Heading directly to streaming via Peacock, “Shooting Stars” provides an earnest reminder that James didn’t spring from the ground a fully formed basketball phenom, but was rather shaped in part by the coaches, teammates, friends and mother that helped guide him. “Shooting Stars” premieres June 2 on Peacock.
Persons: LeBron James, , LeBron, Dru Joyce II, ” Wood Harris, Vincent –, Dermot Mulroney, I’m, Chris Robinson, James, Buzz Bissinger, ” Sian Cotton, Romeo Travis, Dru Joyce III, Willie McGee, Mookie Cook, Lil Dru, Caleb McLaughlin, Sian, Khalil Everage, Willie, Avery S, Wills, Jr, James ’, Savannah, Katlyn Nichol, pompously, , ” Dru, There’s, James didn’t Organizations: CNN, NCAA, White Catholic, University of Oregon, lotto, James ’ Lakers, NBA Locations: Akron , Ohio
An app that simulated colonial Brazil in the 17th century allowed users to be slave masters. The game was called "Slavery Simulator" and was available in Brazil for about a month. A Brazilian lawmaker filed a complaint against Google and alleged that some users praised the app. The game — called "Simulador de Escravidão" or "Slavery Simulator" — was available to Google Play users in Brazil starting April 20 before it was taken down on Wednesday, according to The Post. The game was downloaded more than 1,000 times before it was removed from the digital store, the Post reported.
Prosecutors charged Penny with manslaughter after he killed Jordan Neely on the New York subway in April. Support for Penny is reminiscent of support given to Kyle Rittenhouse ahead of the 2020 election. Republican 2024 presidential candidates are lining up in support of Penny, a 24-year-old retired Marine who placed Jordan Neely, a 30-year-old homeless man, in a chokehold on the New York City subway that ultimately killed him. Another candidate, Vivek Ramaswamy, donated $10,000 to Penny's fundraiser, The Associated Press reported. The support for Penny is reminiscent of the support given to Kyle Rittenhouse ahead of the 2020 election.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVantageRock's Avery Sheffield say she's still cautious on China's economic returnAvery Sheffield, VantageRock, joins 'Closing Bell' to discuss her mostly cautious outlook on discretionary stocks.
And Smith – while it opens its doors to trans women and some nonbinary applicants – does not accept admissions applications from trans men. Avery is among the trans and nonbinary students who do not identify as women and yet have been attending women’s colleges for decades. Nanney noted that scholars have identified trans alumni of women’s colleges as early as the 1980s. “There’s a lot of resistance, especially from leadership, to use the term ‘historically women’s college’ because they think that connotes the idea that these colleges are no longer ‘women’s colleges,’” Nanney said. He now identifies as a trans man and contributes to the Wellesley Trans Archive, a student-run Tumblr page that documents stories of past and current trans students.
Apartment landlords are getting squeezed by rising interest rates and insurance costs . interest rates and insurance . But some big US landlords were already waist-deep in labor-saving technologies of their own to ward off profit squeezes, like the ones many are facing today. On the supply side, the race has been on for some time to sell landlords on tech that works. In this case, landlords are adapting to today's higher interest rates from a time when borrowing costs were low and taking any pressure off operations, he said.
It's time to buy Celsius Holdings as the firm's energy drinks break away from industry leaders Red Bull and Monster, according to Piper Sandler. "CELH has a differentiated brand that sets it apart from competitors like Red Bull, Monster, other energy drinks, and coffee. It offers a more refreshing alternative to coffee with a strong caffeine boost but without the sugar of most energy drinks," Lavery said to clients in a Tuesday note. "And while leading brands like Red Bull and Monster offer sugar free alternatives, CELH's flavors are primarily fruit-forward and unique," Lavery added. CELH YTD mountain Celsius shares YTD Celsius shares are underperforming this year, down by more than 10%.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEmployment data next week could spell where the market moves: New York Life Investments' GoodwinLauren Goodwin, New York Life Investments economist, and Avery Sheffield, VantageRock Capital co-founder, join 'Closing Bell' to discuss the recent market performance, why investors should stay invested in today's market, and more.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with New York Life Investments' Lauren Goodwin and VantageRock's SheffieldLauren Goodwin, New York Life Investments economist, and Avery Sheffield, VantageRock Capital co-founder, join 'Closing Bell' to discuss the recent market performance, why investors should stay invested in today's market, and more.
REUTERS/Henry NichollsApril 8 (Reuters) - As the fortunes of Richard Branson's Virgin Orbit were crashing to Earth last month, a little-known investor called Matthew Brown appeared offering a $200 million rescue. Virgin Group, which owns 75% of Virgin Orbit, also declined to comment for this article. The group is providing financing to Virgin Orbit as the satellite launch company seeks a buyer in bankruptcy. Asked about this, Brown told Reuters he structured deals to protect investor confidentiality with a preference for "laying low below the radar." Virgin Orbit filed for bankruptcy on Tuesday.
London CNN —Britain’s media and communications regulator Ofcom says it has “significant concerns” that Amazon and Microsoft could be harming competition in the market for cloud services. In a statement Wednesday, Ofcom said it was “proposing to refer” the cloud services market to the Competition and Markets Authority, the UK antitrust regulator, for further investigation. Cloud services are delivered to businesses and consumers over the internet and include applications such as Gmail and Dropbox. According to Ofcom, Amazon (AMZN) Web Services and Microsoft’s Azure have a combined UK market share of 60%-70% in cloud services. “We remain committed to ensuring the UK cloud industry stays highly competitive,” the spokesperson added.
BRUSSELS, March 30 (Reuters) - Alphabet's (GOOGL.O) Google Cloud has accused Microsoft (MSFT.O) of anti-competitive cloud computing practices and criticised imminent deals with several European cloud vendors, saying these do not solve broader concerns about its licensing terms. In response, Microsoft referred to a blogpost in May last year where its president Brad Smith said it 'has a healthy number two position when it comes to cloud services, with just over 20 percent market share of global cloud services revenues'. "We are committed to the European Cloud Community and their success," a Microsoft spokesperson told Reuters on Thursday. There is intense rivalry between the two U.S. tech giants in the fast-growing, multi-billion-dollar cloud computing business, where Google trails market leader Amazon (AMZN.O) and Microsoft. 'UNFAIR ADVANTAGE'Zavery said individual deals struck with several smaller European cloud vendors only benefit Microsoft.
In Canada, there's more pressure to step up green investments to level the playing field with the United States, which passed a series of massive incentives in the Inflation Reduction Act (IRA) last year. Last week Freeland said Canada is at a "crucial crossroads" for the green transition and that it would be "reckless" not to make major investments in clean tech. But she has also said she does not want to fuel inflation and slowing growth means fiscal responsibility is warranted. The budget will also include an increase in federal healthcare spending promised earlier this year to the provinces, which administer the public health system. Reporting by Steve Scherer; Editing by Andrea Ricci and Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.
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