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☆ All-in EV: fund focuses only on top makers
▼ + stars: | 2023-09-18 | by ( Bob Pisani | ) www.cnbc.com time to read: 1 min

All-in EV: fund focuses only on top makersWhen the going gets tough, the tough get… "active"? Crypt-uh-oh? Interest in new offers waningEther ETF flows fizzle: Is interest in crypto wavering? 07:19Battle of the bonds: more funds but with more complexity

☆ The trusty American consumer is poised to run out of steam by early next year, investor survey says
▼ + stars: | 2023-09-12 | by ( Joseph Wilkins | ) www.businessinsider.com time to read: +3 min

Spending by the ever-reliable US consumer is about to fizzle out, according to a Bloomberg investor survey. Such resilience has staved off widespread recession fears, but as household savings run out, the fortunes of the US economy could reverse. AdvertisementAdvertisementIndeed, excess savings accumulated since the pandemic are poised to evaporate by as early as the end of September, the Federal Reserve Bank of San Francisco has said. "We still have very high prices, but we don't have all of that funny money around anymore, and the excess savings are going negative." The famed investor says the drying up of consumer savings is set to hammer corporate profits as spending declines.

Persons: –, Jeffrey Gundlach, Michael Burry Organizations: Bloomberg, Service, Federal Reserve, Federal Reserve Bank of San, Billionaire, DoubleLine, Fox Business Locations: Wall, Silicon, Federal Reserve Bank of San Francisco

☆ ETF Edge, January 11, 2023
▼ + stars: | 2023-09-11 | by ( Bob Pisani | ) www.cnbc.com time to read: 1 min

When the going gets tough, the tough get… "active"? Crypt-uh-oh? Interest in new offers waningEther ETF flows fizzle: Is interest in crypto wavering? 07:19Battle of the bonds: more funds but with more complexity

☆ Arm Semi IPO - impact on funds
▼ + stars: | 2023-09-11 | by ( Bob Pisani | ) www.cnbc.com time to read: 1 min

☆ "Opportunistic" in fixed income?
▼ + stars: | 2023-09-11 | by ( Bob Pisani | ) www.cnbc.com time to read: 1 min

☆ Grayscale CEO on spot bitcoin appeal latest
▼ + stars: | 2023-09-11 | by ( Bob Pisani | ) www.cnbc.com time to read: 1 min

☆ Cramer warns Wall Street's AI craze may be peaking
▼ + stars: | 2023-09-11 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Monday suggested that Wall Street's artificial intelligence craze may be reaching its peak. Cramer wondered if AI is having a GoPro moment as he compared companies touting AI offerings to the action camera fad years ago. But he questioned companies advertising AI directly to the consumer, cautioning investors that many may be hyping AI to raise their stock's valuation. According to Cramer, AI is intended to save businesses money, not serve individual consumers. "Unless there's a return on investment that's tangible and visible, generative AI may not be all that valuable," he said.

Persons: CNBC's Jim Cramer, Cramer, GoPro, they've Locations: Hawaii

☆ Opinion: The ‘rising superpower’ myth about China
▼ + stars: | 2023-09-07 | by ( Opinion Peter Bergen | Joel Rayburn | ) edition.cnn.com time to read: +12 min

He was the US Special Envoy for Syria and the senior director for Iran, Iraq, Syria and Lebanon on the National Security Council staff during the Trump administration. After that, China’s National Bureau of Statistics said it would suspend publishing youth unemployment data in the future. What does it signify that China’s national power, which today is vast, is almost certain to be weaker in the future? If Xi and his strategists have a feasible plan for nimbly averting China’s demographic doom, they are keeping very quiet about it. This brings us back to the question of national security strategies for the United States and its allies.

Persons: Peter Bergen, Peter Bergen ”, Joel Rayburn, Trump, Biden, Saddam Hussein’s, Lloyd Austin, China’s, Xi Jinping, Stephen Shaver, ”, Ng Han Guan, Xi, China “, ” Trump Organizations: New, Arizona State University, Apple, Spotify, American Center for Levant Studies, New America, US, National Security Council, CNN, Strategy, Pentagon, of Defense, Development Research Center, Communist Party, UPI, Manpower, Census Bureau, National Bureau of Statistics, Financial, China’s Southwestern University of Finance, Economics, Rocky, United Nations, Beijing, Pew Research Center, Communist, Trump administration’s National Security, Twitter, Trump Locations: New America, Syria, Iran, Iraq, Lebanon, Washington, China, United States, Saddam Hussein’s Iraq, al Qaeda, Ukraine, People’s Republic of China, Beijing, India, Yarkent County, China's Xinjiang Uyghur Autonomous Region, Saudi Arabia, USSR, Russia, Russia’s Ukraine, Vietnam, Korea, Italy, Japan, Taiwan, Hong Kong

IS CLIMATE CHANGE AFFECTING HURRICANES? Yes, climate change is making hurricanes wetter, windier and altogether more intense. If it were not for the oceans, the planet would be much hotter due to climate change. Climate change can also boost the amount of rainfall delivered by a storm. It is unclear, however, if climate change is affecting the number of hurricanes that form each year.

Persons: Roy Ross, Storm, Alexandre Meneghini, Allison Wing, Gloria Dickie, Marguerita Choy Organizations: REUTERS, El Nino, Nature Communications, U.S . National Oceanic, Atmospheric Administration, NOAA, Florida State University . Hurricane, U.S, Northeastern Seaboard, North America, Atlantic, Hurricanes, South Pacific, Thomson Locations: Playa Majana, Cuba, Coast, U.S, Florida, , Florida, New York, Boston, Beijing, Tokyo, North, Asia's Bay, Bengal, North Pacific, East Asia, South, London

This is Blackswan, a K-pop group whose members hail from around the world. Gabi agreed, chiming in: “Everything that a K-pop group has, we have.”Trained the Korean wayThe four members may not be Korean, but their journey to Blackswan followed a well-worn, uniquely Korean path that involved auditioning to become trainees in a hyper-competitive program. Emma McIntyre/Getty ImagesBy contrast, some of the newer Blackswan members have been training for a year or less. “When I was 15, my friend showed me a K-pop music video … and since then, I kind of got stuck on the K-pop genre,” Fatou said. But the Blackswan members say most of the criticisms come from international observers, while Korean fans and artists have been largely supportive.

Persons: South Korea CNN —, Gabi, Fatou, UNIQ, Blackswan, ”, “, ” Fatou, –, Yoon Deung, “ presentable, Yoon, Blackpink, Emma McIntyre, Lee Gyu, aren’t, they’re, Lee, ” Lee, Kevin Winter, I’m, I’ve, Lee Wool Organizations: South Korea CNN, DR, CNN, Korean, DR Management, Coachella, George Mason University Korea, South, Hockey Locations: Seoul, South Korea, Brazil, United States, India, Senegal, Belgium, Waterbomb, Europe, South America, Indio , California, South Korean, Hong Kong, Taiwan, Los Angeles, West Africa, America

☆ Investors make a case for standing by Nvidia after another blowout report
▼ + stars: | 2023-08-24 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

The results boosted shares of Nvidia as much as 8%. Justifying the valuation After a more than 232% jump in 2023, Nvidia shares are on pace for their third best year on record and best yearly stretch since 2001. Opening and building positions Despite the blowout report, Nvidia gave up some of its gains, while its beneficiaries and competitors slumped into negative territory. Even so, the moves boosted his case for beefing up his position in Nvidia and other AI plays. Cerity Partners' Jim Lebenthal revealed to CNBC's "Halftime Report" on Thursday that he initiated a position in Nvidia earlier this week to get a "toehold before earnings."

Persons: Josh Brown, CNBC's, Nancy Tengler, Paul Meeks, Ken Mahoney, Jerome Powell's, Meeks, Cerity, Jim Lebenthal Organizations: Nvidia, Devices, Marvell Technology, Micro Computer, Taiwan Semiconductor Manufacturing, Laffer, Investments, Independent Solutions Wealth Management, Asset Management, Apple, Federal, Computer, AMD, Cerity Partners Locations: Jackson Hole , Wyoming

☆ Tropical storm warning for Texas with storm expected Tuesday morning
▼ + stars: | 2023-08-21 | by ( Jennifer Gray | ) edition.cnn.com time to read: +5 min

The storm’s center is expected to move inland over south Texas by midday Tuesday, hurricane center said. A tropical storm warning is in effect for portions of South Texas south of Port O’Connor and a tropical storm watch has been issued from Port O’Connor northward to Sargent. If it becomes a tropical storm, it could be named Harold, depending on whether another area in the Atlantic Ocean closer to Africa develops into a tropical storm first. Atlantic hurricane season exploding to lifeThis storm is the latest sign of the Atlantic hurricane season exploding into action. Tropical storm warnings are in effect for the southern side of Hispaniola, while tropical storm watches cover the northern side.

Persons: Harold, Michael Lowry, Lowry, Storm Franklin, ”, Gert, Emily, Phil Klotzbach Organizations: CNN, National Hurricane Center, Corpus Christi, Atlantic, of Atmospheric Science, Colorado State University Locations: South Texas, Gulf of Mexico, Texas, Mexico, Port O’Connor, Port, Sargent, Africa, Port Mansfield , Texas, Gulf, Corpus Christi, Nuevo Leon, Coahuila, Central Texas, Hispaniola, Santo Domingo, Dominican Republic, Caicos, Caribbean

☆ Scientists race to understand highly mutated coronavirus variant spotted in four countries, including the US
▼ + stars: | 2023-08-18 | by ( Brenda Goodman | ) edition.cnn.com time to read: +4 min

CNN —A highly mutated new variant of the virus that causes Covid-19 has countries on alert as scientists scramble to understand how far it has spread and how well our immunity will defend against it. The World Health Organization designated BA.2.86 a “variant under monitoring” on Thursday, a designation that encourages countries to track and report the sequences they find. SSI scientists stressed that it’s still too early to say anything about the severity or contagiousness of the new variant. Get CNN Health's weekly newsletter Sign up here to get The Results Are In with Dr. Sanjay Gupta every Tuesday from the CNN Health team. The XBB descendant EG.5 is currently the dominant variant in the US, causing an estimated 20% of all new Covid-19 cases in this country.

Persons: Jesse Bloom, ” Bloom, ”, Morten Rasmussen, Mandy Cohen, we’ve, “, ” Cohen, Dr, Sanjay Gupta Organizations: CNN, Omicron, Fred Hutchinson Cancer Center, World Health Organization, EG, WHO, Statens Serum Institut, US Centers for Disease Control, UK’s Health Security Agency, CNN Health, University of Michigan, White House Locations: Seattle, Israel, Denmark, United States, United Kingdom

☆ Foreign investors are giving up on China as capital flows reverse
▼ + stars: | 2023-08-17 | by ( Jason Ma | ) www.businessinsider.com time to read: +4 min

Foreign investors are giving up on China as the country's post-COVID rebound fizzles. During that span, foreign investors sold 46.2 billion yuan of mainland Chinese stocks. Meanwhile, foreign institutional investors shed 37 billion yuan worth of Chinese bonds in July, according to data out Wednesday from China's foreign exchange regulator. According to Reuters, $1.71 billion worth of mainland shares were sold by foreigners in May, outpacing April's $659 million withdrawal. In addition to the consumer and manufacturing sectors, the real estate market — which serves as a key store of wealth in China's economy — has also been getting worse.

Persons: outpacing, bullish, —, China's Organizations: Service, Kong's Stock Connect, Communist Party's, Financial Times, Bloomberg, Reuters Locations: China, Shanghai, Shenzhen, Wall, Silicon, Beijing

☆ I'm a former senior leader at Amazon. Mentorships can be a waste of everyone's time unless you do it right — here's how.
▼ + stars: | 2023-08-01 | by ( Brandon Southern | ) www.businessinsider.com time to read: +9 min

I've had the opportunity to mentor several people during my 20-year career in tech as a senior leader at companies like Amazon and eBay. To start your mentorship off right, come prepared with specific, time-based goals for what you'd like to accomplish. Without knowing why you want a promotion, what the promotion duties look like, and when you want to achieve a promotion, your mentor won't be able to give the specific feedback you need. Without this practice, not only will you not make progress, but you'll end up re-hashing the same conversation from the previous meeting. This will be a waste of time for you and your mentor and quickly result in a frustrating and unsuccessful mentorship.

Persons: Brandon Southern, mentees, I've, you'll, aren't, you've, it's, that's Organizations: eBay, GameStop, Morning

☆ 'Barbenheimer' is a billion-dollar win for the global box office
▼ + stars: | 2023-07-31 | by ( Sarah Whitten | ) www.cnbc.com time to read: +3 min

"Barbenheimer" remains red-hot at the box office. Domestically, "Barbenheimer" saw smaller-than-average second week ticket sales drops as millions of moviegoers headed to cinemas to catch the popular flicks. Second week numbers are often looked at by box office analysts as an indicator of whether a film will have longevity at the box office or will fizzle quickly. Similarly, the confluence of these two films boosted the overall domestic box office compared with last year's haul to this point. The overall domestic box office still lags behind prepandemic levels by around 16%, however.

Persons: Barbie, Oppenheimer, Paul Dergarabedian, Greta Gerwig, Dergarabedian, NBCUniversal Organizations: Warner Bros, Comscore, Mattel, Labor, Comcast, CNBC Locations: Somerdale , New Jersey, moviegoing, NBCUniversal

☆ A Florida Republican running for Congress says DeSantis may have tanked his own political career in the state by running against Trump
▼ + stars: | 2023-07-30 | by ( John L. Dorman | ) www.businessinsider.com time to read: +2 min

Republican Alan Pincus told WaPo that DeSantis may have tanked his political future in Florida over his 2024 bid. DeSantis once led Trump in earlier Florida surveys of the Republican presidential primary. But Trump has continued to dominate the GOP race and DeSantis has had to reboot his campaign. DeSantis once led in early Florida polling among the GOP presidential contenders. But even in the Sunshine State, he's fallen behind Trump — in a head-to-head contest, the latest Florida Atlantic University/Mainstreet Research survey had Trump leading DeSantis 54%-37%.

Persons: Alan Pincus, WaPo, DeSantis, Trump, Ron DeSantis, Donald Trump, Sen, Tim Scott of, Charlie Crist, Republican Alan Pincus —, —, Pincus, he's, Vivek Ramaswamy Organizations: Trump, Republican, GOP, Service, Democratic Rep, Republicans, Washington Post, Sunshine State, Florida Atlantic University, Mainstreet Locations: Florida, Wall, Silicon, Tim Scott of South Carolina

☆ Ongoing strikes could kill Hollywood's momentum after the 'Barbenheimer' bump, but 4 industry insiders and analysts are still optimistic about the future of these 5 entertainment companies
▼ + stars: | 2023-07-29 | by ( James Faris | ) www.businessinsider.com time to read: +11 min

Here's which entertainment companies will outperform, according to analysts and industry insiders. Four industry veterans Insider spoke with unanimously agreed that unless the strikes are resolved soon, the movie industry's much-needed revival will fizzle out. In a mid-July note about the movie industry, Reese and Pachter highlighted three theater-related companies that are best positioned to survive in this difficult environment. FuboTV should be a winner since it's a solid alternative for cord cutters who still need news and sports coverage, which aren't impacted by the strikes, Pachter noted. Netflix is perhaps the most fascinating company in the media industry right now.

Persons: Barbie, Oppenheimer, Paul Dergarabedian, Alicia Reese, David A, Gross, Strikes, Reese, Michael Pachter, Dergarabedian, Pachter, Richard Gelfond, JPMorgan's David Karnovsky, Wedbush's Pachter, aren't, it's Organizations: Hollywood, Wedbush Securities, Entertainment Research, Alliance, Television Producers, Consumers, Netflix Locations: Hollywood, creatives

☆ Remy Cointreau confident on H2 rebound after weak start to year
▼ + stars: | 2023-07-25 | by ( ) www.reuters.com time to read: +2 min

PARIS, July 25 (Reuters) - French spirits group Remy Cointreau (RCOP.PA) on Tuesday reported a fall in first-quarter organic sales, reflecting weaker U.S. demand, high year-ago comparables and destocking, and said it was banking on a sharp rebound in sales in the U.S. from the third quarter. The recovery in China, which makes 35% of group sales at par with the United States, was led by all cognac brands including CLUB, VSOP, XO and Louis XIII. During the COVID-19 pandemic, Remy Cointreau and rivals such as Pernod Ricard (PERP.PA) benefited from people drinking more expensive types of alcohol at home. There have, however, been signs that spirits industry growth was slowing, notably in the United States, as positive effects from the pandemic fizzle out. ($1 = 0.9033 euros)Reporting by Dominique Vidalon; Editing by Varun H K and Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

Persons: Remy Cointreau, Remy Martin, Cointreau, Louis XIII, Jefferies, Pernod Ricard, Dominique Vidalon, Varun, Stephen Coates Organizations: CLUB, Louis, Thomson Locations: U.S, China, United States, EMEA, Asia

☆ The odds of a recession in the next year have fallen to just 20%, Goldman Sachs says
▼ + stars: | 2023-07-17 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

Goldman Sachs said the odds of a recession in the next 12 months have fallen to 20% from 25% earlier. In a note on Monday, the bank's chief economist, Jan Hatzius, put the odds of a recession in the next 12 months at 20%, down from an earlier estimate of 25%. Meanwhile, Goldman is also putting less emphasis on the inverted yield curve, a traditionally reliable indicator of an approaching recession. But in today's cycle, it may be misguided, due in part to the possibility that the Fed may cut rates to respond to slowing inflation, not a recession, Hatzius said. For the US, the bank forecast only one remaining interest rate hike, in line with what a majority of investors expect.

Persons: Goldman Sachs, Jan Hatzius, Hatzius, Goldman Organizations: Service Locations: Wall, Silicon, Brazil, Poland, Chile, —

☆ How the Hollywood Strikes Could Affect Fall Festivals and Oscar Season
▼ + stars: | 2023-07-16 | by ( Kyle Buchanan | More About Kyle Buchanan | ) www.nytimes.com time to read: +2 min

With summer movie season at its midpoint, Hollywood typically begins to turn its gaze toward the fall, when a trio of major film festivals acts as the unofficial kickoff to Oscar season. That’s because SAG-AFTRA is prohibiting members from promoting any film while the strike is on, an across-the-board ban that includes interviews, photo calls and red-carpet duties. Without those appearances, festivals will be sapped of the star power that is invaluable to raising a film’s profile. The first event that will probably be affected is the Venice Film Festival, which begins its 80th edition on Aug. 30 with the premiere of the sexy tennis comedy “Challengers,” starring Zendaya. Venice has lately rivaled Cannes for glamour and headlines, so the loss of famous actors would be a big blow.

Persons: ”, Zendaya, Brendan Fraser, Harry Styles, Chris Pine, Florence Pugh Organizations: SAG, Writers Guild of America, Cannes Film, Venice Film Locations: Hollywood, Venice, Telluride, Colo, Toronto, Cannes

☆ Why Gen Zers aren't going to stop advocating for their mental health at work
▼ + stars: | 2023-07-15 | by ( Alexandra York | ) www.businessinsider.com time to read: +5 min

Gen Z employees entered the workforce amid a time of understanding and empathy from managers. As some of these empathetic values fizzle out, Gen Zers are fighting for them to stay. "The response to that was her opening up about her mental health, which I did not expect," Ang said of her boss. Ang is one of many Gen Z employees advocating for themselves on the job — whether it be over flexible schedules, mental-health support, or meaningful work. Many Gen Zers, whose oldest members are now 26, entered the workforce amid COVID-19 lockdowns and a wave of social-justice movements.

Persons: Gen Zers, Alyx Ang, Ang wasn't, she'd, Ang, aren't, Zers, Davina Ramkissoon, Lana Ivory, Ivory, Gen Z, Ramkissoon Organizations: Service, Amazon Locations: Wall, Silicon, Dublin

REUTERS/Aly Song/File PhotoJuly 13 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The one percentage point fall in June headline consumer price inflation to 3.0% strengthened hopes that the U.S. economy is heading for a 'soft landing', boosting risk appetite and, more importantly for emerging markets, slamming the dollar. The yen has risen five days in a row, its longest winning streak against the dollar since November. That would be the biggest fall in exports since January - economists at SocGen are penciling in a 15.7% crash. Here are key developments that could provide more direction to markets on Thursday:- South Korea interest rate decision- China trade (June)- Thailand parliament elects new prime ministerBy Jamie McGeever; Editing by Josie KaoOur Standards: The Thomson Reuters Trust Principles.

Persons: Aly, Jamie McGeever, BOK, Josie Kao Organizations: Shanghai Stock Exchange, REUTERS, Asia FX, South Korean, Bank of, Thomson, Reuters Locations: Pudong, Shanghai, China, U.S, Asia, Pacific, Zealand, SocGen, Korea, Thailand

☆ Goldman Sachs issues its verdict on generative A.I. and names top stocks to play it
▼ + stars: | 2023-07-07 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

Goldman Sachs says the recent surge in artificial intelligence stocks is not just hype but is driven by genuine potential in the new technology. Goldman's analysts dismissed some of those concerns and said companies like Nvidia and Microsoft are still trading at reasonable multiples. Stocks exposed to A.I. The analysts also highlighted stocks exposed to the AI trend, including Microsoft , Alphabet , and Amazon , leveraging their vast computing infrastructures to commercialize AI on a grand scale. According to Goldman Sachs, companies like Meta Platforms, Salesforce, Adobe, ServiceNow, Intuit, Capgemini, Pearson, London Stock Exchange Group, and Relay Therapeutics were also exposed to the AI theme.

Persons: Goldman Sachs, ChatGPT, Kash Rangan, Bubbles, Eric Sheridan, Sheridan, Stocks, Pearson Organizations: Robotics, Artificial Intelligence, Street, upstarts, Microsoft, Google, Nvidia, Wall, Marvell Technology, TSMC, Unimicron Technology, Adobe, Intuit, Capgemini, London Stock Exchange Group, Therapeutics

☆ Russia's crude oil exports show little sign of slowing, but energy revenue is tumbling
▼ + stars: | 2023-07-05 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Russian crude exports rebounded sharply last week to the highest in nearly two months. But the Kremlin's revenue from oil and gas taxes sank 26% in June from a year ago. Meanwhile, Russia's gas exports to Europe have tumbled and were the biggest drag on revenue from that energy source. The Kremlin has tried to prop up oil prices, and recently joined Saudi Arabia in extending voluntary crude production cuts into the summer. However, Russia's previous pledges to trim output were followed by increases in oil exports, suggesting Moscow wasn't actually pulling back on production.

Persons: —, Russia's Organizations: Service, Bloomberg Locations: Ukraine, China, Europe, Saudi Arabia, Moscow

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