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☆ Billionaire investor David Tepper on China: Central bank comments 'exceeded expectations'
▼ + stars: | 2024-09-26 | 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 EmailBillionaire investor David Tepper on China: Central bank comments 'exceeded expectations'David Tepper, Appaloosa Management founder and president and Carolina Panthers owner, joins 'Squawk Box' to discuss his thoughts on the U.S. markets, state of the economy, the Fed's interest rate decision, his bets on the Chinese market and where he's finding opportunities, why he sold 84% of his stake in Nvidia in the second quarter, 2024 election, and more.

Persons: David Tepper Organizations: Billionaire, Appaloosa Management, Carolina Panthers, Nvidia Locations: China, Central

☆ Watch CNBC's full interview with Appaloosa Management founder and president David Tepper
▼ + stars: | 2024-09-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Appaloosa Management founder and president David TepperDavid Tepper, Appaloosa Management founder and president and Carolina Panthers owner, joins 'Squawk Box' to discuss his thoughts on the U.S. markets, state of the economy, the Fed's interest rate decision, his bets on the Chinese market and where he's finding opportunities, why he sold 84% of his stake in Nvidia in the second quarter, 2024 election, and more.

Persons: David Tepper David Tepper Organizations: Appaloosa Management, Carolina Panthers, Nvidia

☆ Appaloosa's David Tepper explains why he's not buying Nvidia on the dip here
▼ + stars: | 2024-09-26 | 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 EmailAppaloosa's David Tepper explains why he's not buying Nvidia on the dip hereDavid Tepper, Appaloosa Management founder and president and Carolina Panthers owner, joins 'Squawk Box' to discuss his thoughts on the U.S. markets, state of the economy, the Fed's interest rate decision, his bets on the Chinese market and where he's finding opportunities, why he sold 84% of his stake in Nvidia in the second quarter, 2024 election, and more.

Persons: Appaloosa's David Tepper, he's, David Tepper Organizations: Nvidia, Appaloosa Management, Carolina Panthers

SHENZHEN, China — Chinese vendor Yin Xinwei sometimes makes close to $1,400 a day selling low-priced pill boxes, barbecue spits and other items to U.S. online consumers. Each year hundreds of millions of packages, mostly from Chinese platforms, are sent directly to American consumers eager to take advantage of rock-bottom prices on clothing, electronics and other products. That could mean painful times ahead for the Chinese sellers that supply the platforms — and higher prices for American consumers. Chinese state media has criticized the proposal as protectionist and say it will hurt American consumers. Yin used to sell to Chinese consumers but has given up his domestic business to focus entirely on the overseas market.

Persons: Yin, ”, ” Yin, David Townsend, Dorsey, Trump, Biden, ” Townsend, Temu, “, Jacky Lu, Shein, Eunice Yoon, Jennifer Jett Organizations: CNBC, Whitney, PDD Holdings, White, U.S . Customs, U.S Locations: SHENZHEN, China, Shenzhen, United States, U.S, Singapore, Boston, Hong Kong, Europe, “

☆ My mother-in-law and I only started getting along after my husband died. I knew I had to take care of her.
▼ + stars: | 2024-09-23 | by ( Alison Pena | ) www.businessinsider.com time to read: +4 min

Read previewI promised my husband David that after he lost his battle with cancer, I would care for his mom. My mother-in-law and I had a complicated relationship, fighting for David's time and attention for 25 years. AdvertisementOur relationship is a giftWhen Joy gets frustrated or angry, I am the one who won't leave her. In the middle of the pandemic, Joy called me three times to say she was lost in Times Square. Practical chores include grocery shopping, laundry, cleaning up, helping Joy change, taking her to appointments, and paying bills all fall on me.

Persons: —, David, Joy, dentures, Omar Organizations: Service, Business Locations: New York City

☆ A new ETF uses AI to emulate Warren Buffett's investment style
▼ + stars: | 2024-09-22 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Investment startup Intelligent Alpha is working on launching the Intelligent Omaha ETF , with the ticker AIWB, that relies on AI to emulate the Berkshire Hathaway CEO's investment philosophy and create a portfolio of 25-30 stocks that it thinks Buffett might buy. It remains to be seen how deeply AI could understand Buffett's unique investing style that has evolved significantly over seven decades. All about AI Intelligent Alpha has been testing its Buffett strategy for six months and the portfolio AI puts together would overlap Berkshire's by anywhere between 30 to 60%. "The vision for Intelligent Alpha is to build the AI-powered BlackRock," Clinton said. "There are two big pillars, serving retail investors [through Registered Investment Advisors], and then there's serving institutional investors."

Persons: Warren Buffett, Buffett, Claude —, he's, Doug Clinton, Charlie Munger's, Clinton, Stanley Druckenmiller, David Tepper Organizations: Alpha, Berkshire Hathaway, Intelligent Alpha, Apple, Livermore, Nvidia, Advisors Locations: Omaha

☆ Panthers-Raiders game marks a first for the NFL with two women presidents at the helm
▼ + stars: | 2024-09-20 | by ( Jessica Golden | ) www.cnbc.com time to read: +3 min

"I'm really proud of this moment," Carolina Panthers President Kristi Coleman told CNBC ahead of the game. The game is the first time two female presidents will go head-to-head in professional football. When the Carolina Panthers take on the Las Vegas Raiders on Sunday, it will mark a historic first for the National Football League. The NFL says 22 women currently hold full-time coaching positions in the NFL. As part of growing and developing that pipeline of women, the NFL holds an annual Women's Forum.

Persons: Kristi Coleman, David Tepper, Dave Canales, Coleman, Sandra Douglass Morgan, Mark Davis, Douglass Morgan Organizations: Carolina Panthers, CNBC, NFL, Las Vegas Raiders, National Football League . Carolina Panthers, Bank of America, Panthers, Tepper Sports & Entertainment, NFL League Office, The Institute, Diversity, University of Central Locations: Charlotte , North Carolina, Sport, University of Central Florida

☆ Champions League Thursday takeaways: Monaco dominates Barcelona, Wirtz and Raya impress
▼ + stars: | 2024-09-20 | by ( Jamie Barton | ) edition.cnn.com time to read: +7 min

CNN —The first week of the new-look Champions League came to an end on Thursday, with Barcelona and Arsenal both in action. An early red card for Eric García for a professional last man foul on Takumi Minamino gave the 2004 Champions League finalist a huge boost, and the French side took full advantage. It was the 17-year-old’s debut Champions League goal after his eye-catching brace against Girona at the weekend. That’s very important.”Florian Wirtz shines on Champions League debutIt took Florian Wirtz just five minutes of Champions League football to grab his first goal in the competition. Even if not, all eyes will surely be on the next matchday when the Champions League returns on October 1, highlighted by Arsenal vs Paris Saint-Germain.

Persons: Hansi Flick, Eric García, Takumi Minamino, ” Flick, Maghnes Akliouche, Marc, André ter Stegen, Lamine Yamal, George Ilenikhena, ter Stegen, Kylian Mbappé, “, ”, Flick, ” David Raya, David Raya, Emmanuele, Atalanta, Thomas Partey’s, Raya, Mateo Retegui’s, I’ve, David, Mikel Arteta, Iñaki, ” Florian Wirtz, Florian Wirtz, Xabi, Álex Grimaldo, Wirtz, Jeremie Frimpong, Timon Wellenreuther, Wellenreuther’s, John Thys, ” Wirtz, Harry Kane, Michael Olise, Jamie Gittens, Germain, Manchester, Jack Grealish, Shaun Botterill, Sturm Organizations: CNN, League, Arsenal, Monaco, Barcelona, La Liga, AS Monaco, Girona, Villarreal, Liverpool’s, AC Milan, Manchester, Inter, Champions League, Atalanta, Tottenham Hotspur, Gunners, Stadio, Bergamo, Bayer Leverkusen, Feyenoord, Getty, Swiss Model, Manchester City, Inter Milan, Rodri, Bayern Munich’s, Dinamo Zagreb, Slovan Bratislava, Sturm Graz, Paris Saint, Crvena Zvezda, Star, Benfica Feyenoord, Bayer Leverkusen Stade Brestois, Sturm Graz Atalanta, Arsenal Atlético Madrid, Leipzig AS Monaco Locations: Barcelona, AFP, Swiss

☆ Big names like David Tepper and 'Big Short' investor Michael Burry are quietly upping their bets on the Chinese economy
▼ + stars: | 2024-09-17 | by ( Zahra Tayeb | ) www.cnbc.com time to read: +5 min

From property woes to sluggish economic data, China appears to be suffering from long Covid. Wall Street turns bullishBillionaire investors, including Appaloosa Management founder David Tepper and "Big Short" investor Michael Burry, recently revealed they are sticking to their China bets. The famed investor loaded up on Alibaba stock in the second quarter, revealing an $11.2 million position in the company. That makes Alibaba Burry's largest holding, with other Chinese tech stocks including Baidu and JD.com also featuring on Burry's portfolio. Meanwhile, BCA Research recently upgraded Chinese onshore stocks to overweight, with China strategist Jing Sima expecting Chinese onshore stocks to passively outperform global equities.

Persons: Jiang Sheng, It's, Ted Alexander, CNBC's, David Tepper, Michael Burry, Alibaba, Tepper, Burry, JD.com, Jing Sima, George Boubouras, Goldman Sachs, Song Zhiyong, Eric Lin Organizations: Visual China, Getty, Appaloosa Management, KE Holdings, Baidu, BCA Research, K2 Asset Management, CNBC, Bank of America, National Bureau of Statistics, China's Ministry of Transport, Civil Aviation Administration, Asia Pacific Summit for Aviation Safety, Paris Olympic Games, Greater, Greater China Research, UBS Locations: China, Beijing, Wall, Japan, South Korea, Singapore, Europe, Greater China

☆ 3-Stock Lunch: Goldman Sachs, Nvidia & Toll Brothers
▼ + stars: | 2024-09-11 | 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 Email3-Stock Lunch: Goldman Sachs, Nvidia & Toll BrothersDavid Trainer, New Constructs CEO, joins 'Power Lunch' to discuss stock plays for three stocks.

Persons: Goldman Sachs, David Trainer Organizations: Nvidia, Toll

☆ Visiting China in 2024: A guide to visas, mobile payments and more
▼ + stars: | 2024-09-10 | by ( Maggie Hiufu Wong | ) edition.cnn.com time to read: +20 min

We’ve put together a guide to some of the most frequently asked questions regarding China travel. China travel FAQsDo you need a visa to go to China? However, travelers visiting under these visa-free transit programs have more restrictions in terms of places they can visit. Exploring the country via China’s vast high-speed railway network is not an option for those entering under the two transit visa schemes. Beijing, China's capital city, accepts international travelers visiting under the 144-hour visa-free transit program.

Persons: it’s, ”, Denny Tian, Gabriela Correia, Correia, Tian, Greg Baker, Correira, ” Gabriela Correia, David Tucker, We’ve, John Seaton Callahan, China ’, Kevin Frayer, –, ” Correira, you’ve, Didi, Uber, Yan Cong, China’s Organizations: CNN, Immigration Administration, China, Google, Getty, “, Service, Shanghai Hongqiao, Hong Kong, Hong, Hong Kong Immigration, Travelers, Facebook, ”, Publishing, United, US, Baidu, Apple, China Railway, Bloomberg Locations: China, Beijing, Portugal, Shanghai, AFP, “, Hunan, Singapore, Thailand, Austria, Australia, Belgium, France, Germany, Hungary, Ireland, Italy, Luxembourg, Malaysia, Netherlands, New Zealand, Poland, Spain, Switzerland, New York, Japan, South Korea, United Kingdom, United States, Hong Kong, Macau, Jiangsu, Zhejiang, Asia, Tibet, Tibet Autonomous Region, Hainan, China's, Hawaii, ”, Canada

☆ Big investors worry the star managers they trust to run billions are getting distracted as the presidential election enters the homestretch
▼ + stars: | 2024-09-10 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +7 min

Hedge fund managers and private equity executives have become the go-to sources for donations for both parties. AdvertisementBut for the industry's biggest names who have become involved in politics, personal interests and values drive their giving. Advertisement'It's a people business'Mercer's global chief investment strategist, Rich Nuzum, advises institutional investors with more than $16 trillion to invest. "You're probably alienating some potential investors," he said, and that puts all investors at risk if it impacts a manager's business health. While LPs prefer their managers stay out of the headlines, Griffin has not been shy in recent years about picking fights.

Persons: —, Ken Griffin, Donald Trump, Ron DeSantis, Griffin, Timothy Mellon, George Soros, Lone, Stephen Mandel, Jim Simons, Elliott's Paul Singer, Blackstone, Steve Schwarzman, Singer, Andrew, Rudy Koitchev, Rich Nuzum, Brian Payne, Payne, Chris Walvoord —, Nuzum, Soros, David Tepper, Mandel, Griffin waded, Zia Ahmed, Koitchev Organizations: Service, Republicans, Florida Gov, Business, SEI, BCA Research, Carolina Panthers, Appaloosa Management, Citadel, Citadel Securities, mater, Miami, city's Museum of Science, Industry, LCH Investments, Teachers Locations: Florida, Lone Pine, Washington, Harvard, Chicago, Afghanistan, Illinois

Charles Coristine used to revel in working at Morgan Stanley. At a barbeque, Coristine met an owner of snack company LesserEvil, who talked about wanting to sell his "flatlining" business. A 'scrappy' reinventionWhen he bought LesserEvil, Coristine was working at TD Bank and pursuing an MBA at Cornell University Graduate School. It brought in roughly $2 million that year, accounting for a third of LesserEvil's annual revenue, the company says. A year later, the company got its first outside funding — about $3 million, the company says — from sustainable food and agriculture investment firm InvestEco.

Persons: Charles Coristine, revel, Morgan Stanley, Coristine, that's, Andrew Strife, welders, LesserEvil, Homer, Henry David Thoreau, — Organizations: CNBC, U.S, TD Bank, Cornell University Graduate School, packers, Kroger, LesserEvil, Growth Locations: Tokyo, London, Danbury , Connecticut, Wilton , Connecticut, Danbury, New Milford

☆ NFL team sales are likely to stall as valuations soar
▼ + stars: | 2024-09-05 | by ( Alex Sherman | ) www.cnbc.com time to read: +10 min

Abbie Parr | Getty Images Sport | Getty ImagesThe Seattle Seahawks may be the next National Football League team to sell. The average NFL team is now worth $6.49 billion, and no team is valued at less than $5.25 billion, according to CNBC's Official 2024 NFL Team Valuations. Seven of the last 10 NFL teams to be sold outperform the S&P 500 on a percentage-gained basis since the sale. Each of the last four NFL team sales has set a new record, showcasing the rise in valuations. WATCH: New England Patriots owner Robert Kraft on new NFL private equity ruleswatch now

Persons: Abbie Parr, Paul Allen, Allen's, Jody, Marc Ganis, Roger Goodell, It's, There's, Neal Pilson, That's, Ganis, —, Daniel Snyder, Josh Harris, Terry Pegula, Kim, Ralph Wilson, David Tepper's, Jerry Richardson, Rob Walton, Pat Bowlen, Virginia Halas McCaskey, George Halas, McCaskey, George McCaskey, They're, Goodell, Curtis Martin, Tracy Gallagher, Gallagher, Robert Kraft, Kraft Organizations: Getty, Seattle Seahawks, National Football League, Former Seahawks, Microsoft, NFL, Disney, National Basketball Association, Netflix, CBS Sports, Pilson Communications, NBA, Washington, Philadelphia 76ers, National Hockey League's New Jersey Devils, Billionaire, Buffalo Bills, Carolina Panthers, Panthers, Walmart, Denver Broncos, Bills, Broncos, Chicago Bears, Bears, The Miami Dolphins, Los Angeles Chargers, Ares Management, Sixth Street Partners, Arctos Partners, Equity, Blackstone, Carlyle Group, Capital Partners, Arta Finance, NHL, Major League Baseball, New England Patriots, CNBC Locations: U.S, Spain, Germany, Brazil

☆ How Disney created a PR nightmare with its response to a wrongful-death lawsuit
▼ + stars: | 2024-09-02 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +8 min

Read previewEarlier this month, Disney walked itself into a PR nightmare. Jeffrey J. Piccolo named the entertainment giant in a wrongful-death lawsuit in February after his wife, Kanokporn Tangsuan, died at a restaurant in Disney Springs in Florida. Disney backtracksOne X user called the Disney+ argument "very dystopian," while others encouraged people to cancel their subscriptions in retaliation. AdvertisementRepresentatives for Disney issued a statement about the wrongful-death lawsuit. Legal proceedings for the lawsuit are still ongoing, but Triana said Disney has the opportunity to mend its public image now through transparency.

Persons: —, Disney, Jeffrey J, Piccolo, Kanokporn Tangsuan, Tangsuan, Joe Burbank, David Triana, I'm, Triana, I've, Josh D'Amaro, we've, Natela, Shenon, it's, They're, they've Organizations: Service, Business, Hollywood, Disney, Pubs, Inc, Disney Springs, Walt Disney, Media, Associated Press, Orlando Sentinel, Tribune, Getty, Axia Public Relations, Washington Post Locations: Disney Springs, Florida, New York, Pubs Florida, Raglan, California

☆ Nicole Shanahan spent almost $19 million on RFK Jr.'s failed presidential run but that's just a sliver of her fortune
▼ + stars: | 2024-08-23 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAttorney Nicole Shanahan spent almost $19 million boosting Robert F. Kennedy Jr.'s long shot presidential campaign. After abandoning his Democratic primary campaign, Kennedy needed significant funding to set up the organization needed for a credible presidential campaign. She still won't top Rep. David Trone of Maryland, who spent over $60 million of his Total Wine fortune only to lose a Democratic Senate primary. AdvertisementMichael Bloomberg became a meme in the 2020 election when he spent $500 million only to win America Samoa before dropping out of the Democratic presidential primary.

Persons: —, Nicole Shanahan, Robert F, Kennedy Jr, Shanahan, Kennedy, Donald Trump, Kamala Harris, Walz, Sergey Brin, Elon Musk, Musk, David Trone, Michael Bloomberg, JB Pritzker, Mehmet Oz's Organizations: Service, Kennedy, PAC, Trump, Business, Democratic, Bloomberg News, Democratic Senate, America Samoa, Gov, Illinois, Senate Locations: Maryland

☆ Housing market is looking positive going into fall with rate cut expectations, says Bess Freedman
▼ + stars: | 2024-08-23 | 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 EmailHousing market is looking positive going into fall with rate cut expectations, says Bess FreedmanAndy Walden, ICE vice president of enterprise research; Bess Freedman, Brown Harris Stevens CEO; and David Tinsley, Bank of America Institute senior economist, join CNBC's 'The Exchange' to discuss the housing market.

Persons: Bess Freedman Andy Walden, Bess Freedman, Brown Harris Stevens, David Tinsley, CNBC's Organizations: Bank of America Institute

☆ Mike Lynch, man once dubbed 'Britain's Bill Gates,' dies at age 59
▼ + stars: | 2024-08-22 | by ( Ryan Browne | ) www.cnbc.com time to read: +9 min

Mike Lynch, 59, is the founder of enterprise software firm Autonomy. Dominic Lipinski | PA Images | Getty ImagesDuring the course of the trial, Lynch took the stand in his own defense. He became a key voice supporting the U.K. technology industry, backing key names like cybersecurity firm Darktrace and legal tech firm Luminance. Mike Lynch, founder of software firm Autonomy, at the company's headquarters in, Cambridge, U.K., Aug. 24, 2000. Bryn Colton | Hulton Archive | Getty Images"I keep rare breeds," Lynch told LeadersIn in a 2016 interview.

Persons: Mike Lynch, Hewlett Packard, Chris Ratcliffe, Lynch, —, Angela Bacares —, Bacares, Hannah, Bill Gates, Graham Barclay, David Tabizel, Richard Gaunt, Thomas Bayes, Dominic Lipinski, Autonomy's, Stephen Chamberlain, Sushovan Hussain, Hussain, Thoma, Bryn, LeadersIn Organizations: Autonomy, Hewlett, Bloomberg, Getty, LONDON, CNBC, Sky News, Bancroft's, British Industry, University of Cambridge, Lynett Systems, Cambridge, South Yorkshire Police, Cambridge Neurodynamics, HP, U.S, Packard, Prosecutors, Capital Management, Thoma Bravo, BBC, Council for Science, Technology, Forbes, East Anglian Times, The Times Locations: Sicily, U.S, Porticello, Palermo, Italy, Ilford, East London, Chelmsford, English, Essex, Woodford Green, London, Cambridge, Britain, Suffolk, Bryn Colton, England

☆ 'Britain's Bill Gates': Who is Mike Lynch, the UK tech entrepreneur missing after superyacht sinks?
▼ + stars: | 2024-08-20 | by ( Ryan Browne | ) www.cnbc.com time to read: +7 min

Mike Lynch, 59, is the founder of enterprise software firm Autonomy. Lynch, 59, is the founder of enterprise software firm Autonomy. During the trial, Lynch took the stand in his own defense, denying wrongdoing and telling jurors that HP botched Autonomy's integration. "I keep rare breeds," Lynch told LeadersIn during an interview. Weeks before he was reported missing, Lynch told The Times newspaper of how he feared dying in prison if found guilty over the HP allegations.

Persons: Mike Lynch, Hewlett Packard, Chris Ratcliffe, Lynch —, Bill Gates, —, Lynch's, Angela Bacares, Hannah —, Morgan, Jonathan Bloomer, Judy, Clifford Chance, Chris Morvillo, Neda, Stephen Chamberlain, Chamberlain's, Lynch, Autonomy's, Chamberlain, Sushovan Hussain, Hussain, David Tabizel, Richard Gaunt, Thoma, LeadersIn, Weeks Organizations: Autonomy, Hewlett, Bloomberg, Getty, LONDON, U.K, Morgan Stanley, Reuters, HP, U.S, Prosecutors, University of Cambridge, Lynett Systems, Cambridge, South Yorkshire Police, Cambridge Neurodynamics, BBC, Council for Science, Technology, Capital Management, Thoma Bravo, Forbes, East Anglian Times, The Times Locations: Sicily, Porticello, Palermo, Italy, Cambridgeshire, England, Britain, U.S, Ilford, East London, Chelmsford, English, Essex, U.K, British, Suffolk

☆ Travel isn’t dead. It’s just taking a vacation
▼ + stars: | 2024-08-19 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +5 min

New York CNN —CEOs of many of the biggest US hotel and travel companies are coming off a bit like doomsayers these days with their warnings about the declining health of consumers and their waning appetite for travel. Gary Hershorn/Getty ImagesMuch of the revenue growth that travel companies reported in recent years resulted from inflation, said David Tinsley, a senior economist at Bank of America Institute. “It was always going to be tough to expect travel spending to be showing the kind of momentum it showed 12 months ago,” he told CNN. “I don’t think the current situation is particularly bleak — it’s reasonable to see more normalization playing out,” he said, referring to travel spending getting back on par with pre-pandemic trends. Still, it’s not hard to see why this mixed picture is prompting travel companies to tread carefully.

Persons: —, ”, Brian Chesky, “ It’s, Ellie Mertz, Chris Nassetta, Airbnb’s Mertz, haven’t, Jan Freitag, ” Freitag, Walt Disney, Gary Hershorn, David Tinsley, Tinsley, “, Steve Hafner, it’s Organizations: New, New York CNN, Conference, Bank of America Institute, CNN Locations: New York, ”

Several analysts raised their ratings and price targets on Starbucks a day after news that Chipotle CEO would take over at the coffee chain. Starbucks shares rallied on the news, while Chipotle shares fell. He also lowered his price target on shares to $685 from $750, which implies just 6% upside from Monday's close. Chipotle shares pulled back of 7% comes as decelerating trends and a sector rotation already impacted Chipotle's multiple. Since Niccol took the position of CEO in 2018, Chipotle shares surged more than 770%.

Persons: Bernstein, Fatima Boolani, Boolani, — Hakyung Kim, Eli Lilly Eli Lilly's, Berenberg, Lilly, Kerry Holford, " Holford, Morgan Stanley, Keith Weiss, Weiss, Hakyung Kim, Brian Niccol's, Danilo Gargiulo, Gargiulo, Niccol, Chipotle, Laxman Narasimhan, Brian Niccol, Baird, David Tarantino, Fred Imbert Organizations: CNBC, Citi, Palo Alto, Palo Alto Networks, pharma, Intuit, Starbucks, Deutsche Bank, SBUX Locations: Tuesday's

☆ Starbucks upgraded already by Wall Street firm as it makes stunning CEO change
▼ + stars: | 2024-08-13 | by ( John Melloy | ) www.cnbc.com time to read: +1 min

Wall Street wasted no time getting behind Starbucks shares after the No. 1 U.S. coffee restaurant named Chipotle CEO Brian Niccol as CEO , dumping Laxman Narasimhan. Baird upgraded Starbucks to outperform from neutral shortly after the news and before trading even began on Wall Street officially. Starbucks shares have struggled for the last three years after an initial demand boom following the pandemic. SBUX 5Y mountain Starbucks, 5 years Baird set a new price target of $110 on Starbucks, which represents a 40%-plus pop from Monday's close.

Persons: Brian Niccol, Laxman Narasimhan, Baird, David Tarantino, Narasimhan, Niccol, Taco Bell Organizations: Wall, Starbucks, Taco Bell, Yum Brands, Taco, Procter, Gamble

☆ People making $200,000 or more are flocking to these 10 states: Florida is No. 1
▼ + stars: | 2024-08-12 | by ( Jade Thomas | ) www.cnbc.com time to read: +2 min

Florida had the biggest net gain of high-earning households, according to a recent SmartAsset study . Using $200,000 of adjusted gross income as a threshold, the study examined the number of high-income households moving into and out of each state to determine the net inflow. More high-income households have left California and New York than moved in, but some states saw the opposite. "I would say that's a little unique, that these smaller-population states are really pulling their weight in attracting or pulling above their weight in attracting high-earning households," DeJohn says. Here are the states that saw the biggest net inflow of high-earning households:

Persons: SmartAsset, Jaclyn DeJohn, SmartAsset's, DeJohn, David Tinsley, Charlie Dougherty, Dougherty, There's Organizations: New Hampshire —, Bank of America Institute, Wells, Wells Fargo Economics Group Locations: North, South Carolina, Arizona . Florida, California, New York, Florida , Texas , Tennessee , Nevada, New Hampshire, Southern, Wells Fargo, Texas, Florida, Area, Los Angeles, Portland, Seattle, Austin, , Texas, United States, Tinsley

☆ Harris’ economic stance in spotlight as jobs data stirs concerns
▼ + stars: | 2024-08-02 | by ( Kayla Tausche | ) edition.cnn.com time to read: +8 min

The data also points a spotlight on the economic platform of Vice President Kamala Harris, who is poised to accept the Democratic presidential nomination this month amid signs of a slowing economy. But her economic views are less defined, maintaining broad references to strengthening the middle class, even as her record investigating Wall Street and her farther-left 2019 primary campaign platform have executives and investors on edge. According to those close to Harris, advisers and administration officials, Harris’ economic views were described as “pragmatic,” “centrist,” and even “pro-business,” with a goal of leveraging private-sector friendships for better outcomes at the ground level. Personnel as policyHarris has two staffers who manage economic and domestic policy issues, and she was briefed by staff on the most recent jobs data. “He is as close to Harris and the second gentleman as almost anyone in the administration,” said an official close to Harris.

Persons: Harris, Kamala Harris, ”, Mike Pyle, Don Graves, David Turk, Wally Adeyemo, Janet Yellen, Pyle, Brian Deese, Rohini Kosoglu –, Brian Nelson, Nelson’s, Nelson, “ That’s, Jason Furman, Barack Obama, Rohit Chopra, Massachusetts Sen, Elizabeth Warren, Biden, Vermont Sen, Bernie Sanders, –, “, she’s, Tom Vilsack, Vilsack, Ray McGuire, Lazard, Blair Effron, Jamie Dimon, “ She’s, Lina Khan, Harris “, Lina Organizations: CNN, Biden, Federal Reserve, Democratic, National Security Council, National Economic Council, ”, Commerce, Energy, Consumer Financial, Bureau, Vermont, Democratic Party, White, Commerce Department, Department of Agriculture, Wall Street, Centerview Partners, JPMorgan Chase, Naval Observatory, Meta, Target, Citigroup, eBay, Federal Trade Commission Locations: Massachusetts, Columbus , Ohio, Syracuse , New York, Georgia, Central America, Columbia, California

☆ 3-Stock Lunch: Meta, Amazon and Intel
▼ + stars: | 2024-08-01 | 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 Email3-Stock Lunch: Meta, Amazon and IntelDavid Trainer, New Constructs CEO, joins 'Power Lunch' to discuss stock plays for three stocks.

Persons: Intel David Organizations: Intel

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