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☆ These types of ETFs could prove winners in the second half
▼ + stars: | 2024-07-08 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +6 min

The best-performing exchange-traded funds in the second half will likely be decided by broader shifts in the markets and economy. Even with mounting uncertainty, however, there are some types of ETFs that could emerge as winners. Equities A handful of stocks were big winners in the first half, and some narrowly focused ETFs were able to ride that wave. Single-stock funds tied to Nvidia have also seen heavy interest, including the GraniteShares 2x Long Nvidia ETF (NVDL) . However, Hougan said he didn't think that omission would be a big hurdle for ETF investors.

Persons: Michael Arone, Arone, Jay Jacobs, Jacobs, Todd Sohn, bullish, we're, Sohn, Matt Hougan, Hougan Organizations: Federal Reserve, U.S, SPDR, State Street Global Advisors, Nvidia, Microsoft, NYSE Technology, iShares, Digital Infrastructure, Real, U.S . Tech, Blackstone Senior Loan, Loan Fund, New, Bitwise Asset Management, ETH Locations: U.S

☆ I balance working hard to reach my financial goals and spending time with my son. I never want him to feel neglected.
▼ + stars: | 2024-07-08 | by ( Chris Boutté | ) www.businessinsider.com time to read: +5 min

Now, I have my own son, and I want to provide a much better life for him here in Las Vegas. But to reach my financial goals and give both of us better lives, I've had to sacrifice some quality time with him. I knew that wasn't nearly enough to reach my financial goals. My next job paid me about $50,000, and then I moved to a job making $65,000. It's taken time to find the right balance of making enough money while also spending enough time with my son.

Persons: I've, isn't, doesn't, I'm, wasn't, it's, It's Organizations: Service Locations: Las Vegas

☆ Americans are suddenly finding it harder to land a job — and keep it
▼ + stars: | 2024-07-08 | by ( Elisabeth Buchwald | Alicia Wallace | ) edition.cnn.com time to read: +5 min

Suddenly, the red-hot labor market is feeling closer to lukewarm for job seekers. The unemployment rate rose to a three-year high of 4.1% in June, with 6.8 million people unemployed. At that time a year ago, the unemployment rate was at 3.6% and 6 million people were unemployed. The rising unemployment rate — driven primarily by more people entering the workforce — means that it’s getting more competitive for job hunters to get hired. Since 2022, the temporary help sector has added jobs in only four months.

Persons: It’s, Luke Pardue, switchers, David Tinsley, Jack McIntyre Organizations: CNN, Aspen, Bank of America, Bank of America Institute, “, of Labor Statistics, Labor Department, Brandywine Global

☆ Amazon's Asian rival Shein wants to be supply chain giant, but some fear Chinese cyber spying inside global trade links
▼ + stars: | 2024-07-08 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +13 min

Shein logistics software is in beta testing with select supply chain customers, according to a person familiar with its plans. "Shein's software could provide unprecedented access to sensitive supply chain data, which the Chinese government could seize under its laws. This exposure poses a direct threat to U.S. supply chain integrity, making it vulnerable to exploitation and manipulation." Even with a headquarters based in Singapore, company supply chain data could be subject to seizure by the Chinese. Shein's fast rise to dominance Shein's dominance lies in the company's hyper-flexible supply chain, according to a recent report from supply chain intelligence firm Zero100.

Persons: Jade Gao, Shein, cybersecurity, Lee Kair, Kair, Dewardric McNeal, McNeal, Ram Ben Tzion, Ben Tzion, Department of Homeland Security's, Shein's, Srini Cherukuri, Chris Xu's, Zero100, Eric Fullerton, Project44 Organizations: Shein, Afp, Getty, Transportation Security Administration, U.S, Authentic Holdings, Simon Property Group, Longview Global, Obama administration's Department of Defense, CNBC, Standards Organization, Secretariat, IAF, Microsoft U.S, EU, Social, International, Uyghur Forced Labor, Department of Homeland, Border Patrol, New York, ITS Logistics, Logistics Locations: Guangzhou, China's Guangdong, Jade, China, U.S, Exiger, Shein, Asia, Singapore, Frankfurt, Germany, Xinjiang Province, Customs, York, United States

☆ Dating a carpenter taught me my career is not my identity. He doesn't worry about getting laid off and just focuses on the next job.
▼ + stars: | 2024-07-07 | by ( Nia Springer-Norris | ) www.businessinsider.com time to read: +4 min

When Tom said he was a carpenter, I thought of artisan furniture in quaint New England shops. My writing career had just begun when Tom and I became acquainted. AdvertisementWe worked in entirely different industriesThe first time he told me he'd been laid off, I told him I was sorry. AdvertisementHe often says, "I came here looking for a job, and I'll leave here looking for a job." AdvertisementHe's taught me that my career is not my identity.

Persons: —, Tom, Maida, he'd, I've, Nia Springer, Norris, Norris We've, He's, Jobs, We've Organizations: Service, Business Locations: New England, Africa, England, Turkey

☆ These are the best ways to play GenAI as it disrupts new industries, according to RBC
▼ + stars: | 2024-07-07 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Semiconductor stocks and technology behemoths get all the acclaim when it comes to artificial intelligence, but RBC Capital Markets is offering up some alternate ways to play the theme. Other technology giants have followed suit, with Amazon closing above a $2 trillion market value for the first time ever last month. Against this backdrop, RBC Capital Markets highlighted some of its favorite ways to play the theme beyond the classic winners, viewing AI as the "next disruptive mega-trend." While the social media giant has already gotten a boost from the trend, RBC Capital Markets expects shares to benefit from a world where digital advertisers market toward AI and virtual assistants. RBC Capital Markets also highlighted a handful of software stocks that could win big as AI proliferates, viewing the tool as a "revenue enhancer and profitability expander" that may take three to five years to materialize.

Persons: behemoths, GenAI, CrowdStrike, Eaton, Thomson Organizations: RBC Capital Markets, Nvidia, RBC Capital, Adobe, Accenture, Thomson Reuters Locations: Shopify

☆ Justin Bieber performed at an Ambani pre-wedding party for family and friends. Here's a look at the exclusive guest list.
▼ + stars: | 2024-07-06 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +1 min

Anant Ambani and Radhika Merchant held their sangeet, a pre-wedding celebration, on Friday. The event featured a star-studded guest list and a performance by Justin Bieber. The couple's wedding ceremony is from July 12 to July 14 in Mumbai, India. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The couple's upcoming nuptials hit social media in March when videos and photos surfaced of lavish pre-wedding festivities hosted by the Ambani family.

Persons: Anant Ambani, Radhika Merchant, Justin Bieber, —, Ambani, Mukesh Ambani, Nita Ambani Organizations: Service, Reliance Industries, Reliance Foundation, Business Locations: Mumbai, India

☆ Investors want proof AI will aid drug discovery. Evidence may come in the second half
▼ + stars: | 2024-07-06 | by ( Christina Cheddar Berk | In | ) www.cnbc.com time to read: +10 min

Analysts who have been following companies on the cutting edge of using generative AI for drug discovery say it is still very early days. But these endorsements haven't lifted Recursion shares out of a slump. RXRX 1Y mountain Recursion shares over the past year. The drug company will be a beta user of Recursion's LOWE (Large Language Model-Orchestrated Workflow Engine) and the pair are also partnering on oncology research. SDGR 1Y mountain Schrodinger shares over the past year.

Persons: Scott Schoenhaus, Chris Gibson, Jensen Huang, Leerink, Mani Foroohar, Foroohar, Recursion's, KeyBanc's Schoenhaus, Needham, Gil Blum, it's, Recursion's LOWE, Blum, Eli Lilly, AbCellera, KeyBanc's, Schoenhaus, FactSet, Allison Bratzel, Piper Sandler, Goldman Sachs, Salveen Richter, Peter Lawson, Lawson, Japan's Takeda, Schrodinger, Leerink's Foroohar Organizations: Analysts, Capital, Nvidia, ARK Investment Management, REC, CCM, Union, Bayer, Therapeutics, Dynamo, RLY, Barclays, Japan's Locations: U.S, biopharma, Biohive

☆ Klarna CEO explains why it's important to give younger employees a shot at management and promote from within
▼ + stars: | 2024-07-06 | by ( Jaures Yip | ) www.businessinsider.com time to read: +3 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewWhile companies have been getting stingier with promotions in recent years, Klarna CEO Sebastian Siemiatkowski's philosophy has been quite the opposite. While employees may like this sentiment of nurturing internal talent, employers have veered in the opposite direction in recent years. AdvertisementHowever, Siemiatkowski, who became a CEO at just 23, said that he thinks it's "critical" to allow younger employees to progress with the company.

Persons: —, Sebastian Siemiatkowski's, Siemiatkowski, Logan Bartlett, Niklas Adalberth, fintech, Yaron Shaer, David Fock, he's Organizations: Service, Business, Volvo Trucks

☆ Russia has forced the West to ramp up production of older weapons — even gear it wasn't making any more
▼ + stars: | 2024-07-05 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +7 min

Read previewRussia's invasion of Ukraine has resulted in a surge in demand, orders, and manufacturing of Western weaponry, including decades-old equipment and even gear that had gone out of production. The result is more orders and manufacturing, even of Western equipment where production had stopped. Its maker, Lockheed Martin, is increasing production as well as its production of the antitank missile system. Russia has also ramped up its wartime production, which could aid it in the future and not just against Ukraine. One solution would have been countries ramping up their orders and production earlier in the war, Di Mizio said.

Persons: —, it's, Jan Kallberg, hasn't, Lockheed Martin, Diehl, Timothy Wright, Mark Cancian, Vladimir Putin, Mikhail Klimentyev, Mattias Eken, Cancian, Diego Herrera Carcedo, Giorgio Di Mizio, Kallberg, Di Mizio Organizations: Service, Business, Manufacturing, Center for, Army Cyber Institute, US Army, Air Missile System, High Mobility Artillery Rocket Systems, Getty, IRIS, Patriot, International Institute for Strategic Studies, Financial Times, Center for Strategic, International Studies, Russia Western, Military, Sputnik, REUTERS, Ukraine, Russia, RAND Corporation, Anadolu Agency Locations: Ukraine, Russia, West, Norway, Europe, Bakhmut, Donetsk Oblast, France, Kremlin, REUTERS Russia

☆ Semiconductor stocks just capped off a strong start to 2024. What to expect in the second half
▼ + stars: | 2024-07-05 | by ( Samantha Subin | ) www.cnbc.com time to read: +6 min

Wall Street is sticking with semiconductor stocks after its hot start to the year. SMH YTD mountain Share performance in 2024 That said, many investors and analysts expect another strong glide path for the industry in the second half. "The AI theme continues to remain very strong," said CFRA Research analyst Angelo Zino, who holds a buy rating on Nvidia. Many on Wall Street view this upcycle as a significant tail wind for Micron Technology as the industry edges out of its trough. But many on Wall Street viewed the sell-off as a buying opportunity , with Goldman Sachs analyst Toshiya Hari expecting market share gains in high-bandwidth memory.

Persons: frothiness, Angelo Zino, you've, Ken Mahoney, John Belton, we're, Management's Paul Meeks, that's, Harlan Sur, Baird, Ted Mortonson, Jeff deGraaf, CNBC's, Gabelli's Belton, Belton, Meeks, Goldman Sachs, Toshiya Hari, Hari, CFRA, Zino, Baird's Mortonson Organizations: VanEck Semiconductor, Nvidia, Devices, CFRA, Gabelli Funds, Broadcom, JPMorgan, KLA Corp, Cadence Design Systems, Micron Technology, Micron, Qualcomm, Apple Locations: unchartered

☆ Firms weigh removing Taiwan staff from China after death penalty threat, Reuters reports
▼ + stars: | 2024-07-05 | by ( ) www.cnbc.com time to read: +2 min

Some foreign companies are considering moving Taiwanese employees out of China after Beijing said it could impose the death penalty on "diehard" Taiwan independence separatists, said four people familiar with the matter. Some foreign companies are considering moving Taiwanese employees out of China after Beijing said it could impose the death penalty on "diehard" Taiwan independence separatists, said four people familiar with the matter. Some 177,000 Taiwanese were working in China as of 2022, according to the most recent Taiwan government survey. Taiwanese staff are employed by many multinationals in China, given their linguistic abilities and cultural familiarity with the country. Another source, who was briefed on the matter, said some Taiwanese staff in China have received and accepted the option to leave the country.

Persons: James Zimmerman, Zimmerman, Perkins Coie Organizations: Perkins, Reuters Locations: China, Beijing, Taiwan

☆ California put up its fast-food wage to $20. Its governor is adamant it's not causing employment to fall.
▼ + stars: | 2024-07-05 | by ( Grace Dean | ) www.businessinsider.com time to read: +5 min

But BLS data shows that employment in California's limited-service restaurant industry dips in the winter. Related storiesThe BLS data includes employment at all limited-service restaurants, including those exempt from the new minimum wage. The year-over-year growth in limited-service restaurant employment is a continuation of a trend seen before the pandemic, too, with total employment in the industry growing every year. AdvertisementThe $20 minimum wage was introduced to support workers in a state with a notoriously high cost of living. Have you been affected by California's new $20 minimum wage?

Persons: —, Gavin Newsom, Newsom, Newsom's, Tom Manzo, It's Organizations: Service, Business, California, Industrial Alliance, Hoover Institution, Stanford University, Wall Street, California Employment Development Department, US Bureau of Labor Statistics, BLS Locations: California, USA

☆ New Factories and Jobs Are Not Enough to Stem France’s Far Right Surge
▼ + stars: | 2024-07-05 | by ( Liz Alderman | ) www.nytimes.com time to read: +1 min

Between abandoned coal mines and an engine plant scheduled for closure, a gleaming new factory hovers like a phoenix over Billy-Berclau, a small industrial town in northern France. Inside, 700 newly hired workers are making next-generation electric vehicle batteries for the Automotive Cells Company — part of a grand project to revive the wider region’s flailing fortunes. A “Battery Valley” is rising here from the remains of industries that shuttered during a wave of globalization. “Industry is an anti-National Rally weapon, because in places where anger has risen, we’re restoring hope,” Roland Lescure, Mr. Macron’s deputy industry minister, said earlier this year. Billy-Berclau, and nearly every other town in this region of Pas-de-Calais handed a resounding victory last week to National Rally in parliamentary elections — a trend that is likely to be repeated in a final voting round on Sunday.

Persons: Berclau, Emmanuel Macron’s, ” Roland Lescure Organizations: Automotive Cells Company, “, Calais, Rally Locations: France, Pas

☆ The voice scam call portrayed in 'Thelma' is real and an increasing threat in the age of AI
▼ + stars: | 2024-07-05 | by ( Genna Contino | ) www.cnbc.com time to read: +3 min

Courtesy: Magnolia PicturesScammers exploit 'fear and urgency'Scams like the one Thelma fell victim to are increasingly common, experts say. Typically, AI voice scams mimic distress calls. The common denominator is that it's coming from someone you care about who needs money "fast." A 2023 survey from McAfee found that 25% of adults have experienced a similar AI voice scam — and the company says 77% of victims have lost money as a result. But older adults aren't the only ones at risk; younger people who spend more time online are increasingly vulnerable, CFP Andrew Sivertsen said.

Persons: THELMA, Thelma, Carolyn McClanahan, McAfee, McClanahan, CFP Andrew Sivertsen, millennials, Margolin Organizations: Magnolia Pictures, McAfee, Partners, CNBC's, CFP, Planning Locations: Jacksonville , Florida, United States, Moline , Illinois

☆ China faces economic headwinds as it grapples with an aging — and shrinking — population
▼ + stars: | 2024-07-04 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +6 min

Fertility rates across OECD countries have halved since 1960, according to a new OECD report. He said the three countries are disproportionately impacted by a rapidly aging population, largely due to improved standards of living, which have a "very strong inverse relationship with fertility rates." These improved conditions have led to a greater opportunity cost for having children, Xu said. Shrinking workforceA decline in fertility rate puts pressure on the economy and the society at large as the working population shrinks. China's policy shiftsIn China, policymakers have been putting a big emphasis on "productivity growth," Xu told CNBC.

Persons: Leren Lu, Darren Tay, Erica Tay, Tianchen Xu, Xu, BMI's Tay, Tay, Maybank's Tay Organizations: OECD, BMI, Risk, United Nations, Economist Intelligence, Economic Co, National Bureau of Statistics, CNBC, Economist Intelligence Unit Locations: China, Asia, South Korea, Japan, East, Southeast Asia, Maybank

☆ Tensions with Iran spotlight Israel's hidden nuclear arsenal
▼ + stars: | 2024-07-04 | by ( Paul Iddon | ) www.businessinsider.com time to read: +9 min

AdvertisementBy invoking doomsday weapons, it was clear Katz was alluding to Israel's nuclear weapons arsenal — an arsenal over which neither he nor IAI have any command-and-control. There are eight countries in the world with declared nuclear arsenals, four of which — the United States, China, India, and Russia — have a complete nuclear triad. Israel's triad has some notable distinctions and limitations compared to those of the other four. "Israel's nuclear triad bears the hallmarks of a regional nuclear triad as seen in India and Pakistan, rather than seeking globe-spanning strike capability," Sebastien Roblin, a widely published military-aviation journalist, told Business Insider. "Israel's nuclear deterrent is not designed to ward off great powers like Russia or China, but rather regional powers like Egypt and Iran," Bohl told BI.

Persons: —, Yair Katz, Israel, Katz, Russia —, Sebastien Roblin, Roblin, Ryan Bohl, RANE, Bohl, Nir Ben, Yosef Organizations: Service, Business, Israel Aerospace Industries Workers ' Council, Iran's United Nations, IAI, Jericho, Israel Aerospace Industries, Dolphin, East, Facebook, Air Force's, Israel, US Air Force, IAF, nukes Locations: Israel, Lebanon, Iran, Yemen, Syria, Iraq, United States, China, India, Russia, Pakistan, North Africa, Egypt, Jericho

☆ The five secrets to Ferrari’s success as a luxury brand
▼ + stars: | 2024-07-04 | by ( Robert Frank | ) www.cnbc.com time to read: +10 min

In this article RACE-IT Follow your favorite stocks CREATE FREE ACCOUNTwatch nowIn the world of luxury, Hermès is arguably the gold standard. Analysts predict Hermès could surpass Louis Vuitton in revenue within the next three years as the world's largest luxury brand. There is one luxury company, however, that has raced past Hermès when it comes to growth and brand cache – Ferrari. To better understand what makes Ferrari a luxury brand, CNBC traveled to Ferrari headquarters in Maranello, Italy, to interview the company's CEO, Benedetto Vigna. "A luxury company is a company that is using technology, innovation, storytelling, heritage, everything, with the ultimate goal to feed that emotional side that we all have."

Persons: Birkin, Louis Vuitton, Hermès, Enzo Ferrari, Ford, Ferrari, Bernstein, Luca Solca, Benedetto Vigna, Robert Frank, Vigna, Adam Jeffery, Solca, Ferraris, Martyn Lucy, Bernard Arnault, Crystal Lau, Francesca Volpi Organizations: Ferrari, New York Stock Exchange, General Motors, CNBC, Ferraris, Goodwood Festival, Getty, Spiders, Rolex, Hermès, Bloomberg Locations: Maranello, Italy, Geneva, Chichester , England, it's, California, Roma

☆ Parisian cafés are a cherished part of French culture. Here’s why they might be in trouble
▼ + stars: | 2024-07-04 | by ( Xiaofei Xu | ) edition.cnn.com time to read: +6 min

A job French people don’t want? Half of the 86,000-plus chefs in the French capital are immigrants, according to data published by the French National Institute of Statistic and Economic Studies in 2022. Often in Paris, the kitchens are very small, so it’s a very strenuous job,” Mousson said. “For a small business like us, we cannot afford to hire multiple people in the kitchen,” Mousson said. While it remains to be seen if the party can capture an absolute majority in the French National Assembly, it will almost certainly become the biggest force in the new parliament.

Persons: Pinardier, It’s, Sazal Saha, Saha, He’s, ” Saha, “, I’m, ”, Xiaofei Xu, Olivier Dussopt, Florian Mousson, Le Pinardier, Mousson, ” Mousson, Le, he’s, Mousson’s, ‘ Organizations: Paris CNN —, Bretagne, Le, Curie School, CNN, European Union, French Labor, French National Institute, Studies, Rassemblement National, Mousson’s, Craigslist, –, Saha, National, French Interior Ministry, French National Assembly Locations: Paris, Kuhlna, Bangladesh, Joliet, France, Europe, Sri Lanka, Marseille, South Asia, Comoros, French

☆ AI resurrects deceased actors’ voices to read audiobooks
▼ + stars: | 2024-07-03 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +4 min

Earlier this week, AI company ElevenLabs said it is bringing digitally produced celebrity voice-overs of deceased actors, including Garland, James Dean and Burt Reynolds, to its newly launched Reader app. “We deeply respect their legacy and are honored to have their voices as part of our platform,” said Dustin Blank, head of partnerships at ElevenLabs. The AI is trained on old recordings and those recordings are under copyright. It’s not unlike a company negotiating a copyright deal to use a popular song by Queen in an ad. It’s unclear, however, how AI versions of well-known voices will be received by mass audiences and if it will raise concerns around authenticity.

Persons: Judy Garland, Oz, you’ll, ElevenLabs, Garland, James Dean, Burt Reynolds, ”, Dustin Blank, Joe Biden, OpenAI, Scarlett Johansson’s, ” Johansson, David Gunkel, “, Queen, they’re, ” Bern Elliot, Al Michaels, Michaels, Gunkel Organizations: CNN, Hollywood, New, Northern Illinois University, Gartner, Media, NBC Locations: ElevenLabs

☆ Anant Ambani, Radhika Merchant wedding: Everything you need to know about India’s wedding of the year
▼ + stars: | 2024-07-03 | by ( Rhea Mogul | ) edition.cnn.com time to read: +11 min

Extravagant pre-wedding celebrations have already sent Indian media into a frenzy and social media feeds are abuzz over what’s to come. Anant Ambani and Radhika Merchant at their pre-wedding celebrations in Jamnagar, Gujarat, India on March 1, 2024. The Ambani pre-wedding celebrations had elaborate floral arrangements. Actor Ranveer Singh and his wife and actor Deepika Padukone pose for a photo during the pre-wedding celebrations earlier this year. Coordinating with Merchant, Ambani also wore a custom black suit designed by Wun, encrusted with jewels.

Persons: Anant Ambani, Radhika Merchant, Mark Zuckerberg, Bill Gates, partygoers, Katy Perry, Andrea Bocelli, Mukesh, Nita Ambani –, Reuters Ambani, Mukesh Ambani, Ambani, Anant, Viren Merchant, Nita, Manish Malhotra, ”, Merchant, “, Radhika, Mangal Utsav, Vishnu, Nita Ambani, Manish Malhotra Malhotra, Ranveer Singh, Deepika Padukone, Malhotra, Sabyasachi Mukherjee, Tarun Tahiliani, lehenga, Manish Malhotra Ambani’s, Rohit Bal, Lorraine Schwartz, Versace, Blake Lively, Robert Wun, ” Mareesha, Salman Khan, Ram Charan, Shah Rukh Khan, Aamir Khan, Narendra Modi, ” Parikh, Vanessa Almeida, Jamnagar Organizations: CNN, Backstreet Boys, Convention, Reliance Industries, Reuters, Bloomberg, Brown University, Reliance, pharma, Viren, Encore Healthcare, New York University, Vogue, sangeet, Sangeet, Merchant, All India Traders Locations: what’s, Jamnagar, Europe, Mumbai, Gujarat, India, Jamnagar ., Bharatnatyam, Agra, Uttar Pradesh, Hong Kong, Goa

☆ Want to cash in on the AI boom? Buy these 2 lesser-known stocks, portfolio manager says
▼ + stars: | 2024-07-03 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +2 min

Carey, a portfolio manager at the U.S.-headquartered investment advisory firm which manages around $4 billion, estimates that returns from AI will be across "multi-years [and] decades." AI companies have a very, very large moat, not only on the hardware side, but also, on the software side. Among the names Carey is bullish on is power management company Eaton . Shares of the U.S. power management company have had a bumpy ride over recent days, but remain up nearly 30% year-to-date and 54.4% in the last 12 months. He noted the "strong demand" for the small-cap's packaged solutions and products.

Persons: Carnegie Investment Counsel's Christopher Carey, Carey, Eaton, Powell Organizations: Carnegie Investment, Nvidia, Amazon, Microsoft, Broadcom, Powell Industries Locations: U.S

☆ Student-loan companies put up 'excessive barriers' and gave borrowers inaccurate information about debt relief, a federal consumer watchdog says
▼ + stars: | 2024-07-03 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +1 min

The CFPB found student-loan servicers put up "excessive barriers" when it came to helping borrowers. Long hold times and inaccurate information about debt relief harmed borrowers, the report said. AdvertisementMany student-loan borrowers aren't getting the help they need from their servicers, according to a new report. Over the past few years, borrowers with both federal and private student loans have reported challenges with their servicers, from an inability to get the information they need to make their payments to inaccurate information. The CFPB's latest report detailed its findings that many of those companies did not operate in borrowers' best interests.

Persons: servicers, Long, — Organizations: Education Department, Service, aren't, Consumer Financial, Business

☆ The U.S. needs more of this critical metal — and China owns 80% of its supply chain
▼ + stars: | 2024-07-03 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

Picture Alliance | Picture Alliance | Getty ImagesBEIJING — China dominates the supply chain for many of the world's critical minerals, but so far it's held off on sweeping restrictions on at least one: tungsten. Almonty claims the forthcoming mine in South Korea has the potential to produce 50% of the world's ex-China tungsten supply. "We see in the U.S., in Europe, they ask their suppliers for a China-free supply chain," said Michael Dornhofer, founder of metals consulting firm Independent Supply Business Partner. watch nowBack in January, U.S.-based research firm Macro Ops said: "We're approaching an inflection point in tungsten supply. Other non-Chinese companies in the tungsten supply chain are going to South Korea.

Persons: Lewis Black, Biden, Black, Yadong, Almonty, Michael Dornhofer, Dornhofer, Brandon Beylo, he's, Mark Seddon, Warren Buffett Organizations: Saxony Minerals, ., Getty, Taiwan Semiconductor Manufacturing Company, Nvidia, Almonty Industries, China's Ministry of Commerce, Independent Supply, Energy, Security Holdings, European, Chinese Communist Party, U.S . Bureau of Industry, Security, Department of Commerce, CNBC, Argus, IMC, IMC Group Locations: Germany, BEIJING, China, Canada, South Korea, U.S, Europe, United States, South Korea China, North Korea, Africa, Myanmar, Daegu

☆ McDonald's shortens breakfast hours in Australia in response to nationwide egg shortage
▼ + stars: | 2024-07-03 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

Australia is facing an egg supply crunch thanks to bird flu outbreaks — and it's led McDonald's to trim breakfast hours by 90 minutes, also pushing supermarkets to restrict purchases to two cartons per consumer. Citing "industry challenges," McDonald's on Tuesday announced that it was temporarily serving breakfast until 10.30am instead of midday across Australia. The government added that it is currently responding to outbreaks of the H7 high pathogenicity avian influenza (HPAI) at 11 poultry farms. The Food Standards Australia New Zealand (FSANZ) noted that there is currently no evidence that people can contact the virus through "properly prepared" food. "Avian influenza (bird flu) is not a food safety concern and it is safe to eat properly handled and cooked chicken meat, eggs and egg products," the organization added.

Persons: it's, Murray Watt, McDonald's, Rowan McMonnies, there's, McMonnies Organizations: U.S, Australia Facebook, Coles, Woolworths, Food Standards, Food Standards Australia New Zealand Locations: Australia, Food Standards Australia

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