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☆ A veteran chartmaster calling for a continued market rally says it's time to diversify away from mega-cap growth by making these 6 investments now
▼ + stars: | 2024-03-10 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Wall Street was mostly upbeat about equities heading into 2023, though even the most bullish investment firms thought the S&P 500 would finish this year at 5,100 — a level it has exceeded already. Resisting this rally is a fool's errand, according to David Keller, the chief market strategist at StockCharts.com. The long-time chartmaster warned of a near-term pullback as the S&P 500 approached its previous record high but has since abandoned his cautious call. AdvertisementFast-forward to early March, and many of those mega-cap growth names remain hot, especially Nvidia and Meta. "I like that idea, at this point, of diversifying away from mega-cap growth," Keller said.

Persons: —, David Keller, chartmaster, Keller, I'm, they've, StockCharts.com Organizations: Service, Business, Nasdaq, Nvidia, Meta, Microsoft, Apple, Companies, Hilton, Marriott, Restaurant Brands, Burger King ., Biotechnology Locations: Burger

☆ Bitcoin's Wild Price Booms and Busts Are Going to Continue Forever
▼ + stars: | 2024-03-06 | by ( Emily Stewart | ) www.businessinsider.com time to read: +8 min

The main explanation for the recent gain in bitcoin's price is the Securities and Exchange Commission's begrudged blessing of spot bitcoin exchange-traded funds, investment vehicles that track bitcoin's price. As bitcoin ETF providers have to invest in the underlying assets — bitcoins — demand for those assets increases. "The speed of the come-up is much faster than I thought," he said, adding that he was specifically surprised at retail-trader activity in the bitcoin ETFs. (Also, not everyone agrees it will be good for bitcoin's price.) Or maybe, just maybe, the latest run will cement bitcoin's future as a more stable part of people's investment portfolios.

Persons: Bitcoin's, bitcoin, David Yermack, University's, who've, BlackRock's, Eric Balchunas, James Butterfill, it's, Butterfill, shiba inu, Nic Carter, Carter, Bitcoin, Yermack, Emily Stewart Organizations: bitcoin, University's Stern School of Business, Securities, Exchange, SEC, Wall, Fidelity, University's Stern School of, Bloomberg Intelligence, Federal Reserve, New York Community Bancorp, Castle, Ventures, Business Locations: New, bitcoin, BlackRock, David Yermack , New

☆ The general election is here and it’s Trump v. Biden
▼ + stars: | 2024-03-06 | by ( Stephen Collinson | ) edition.cnn.com time to read: +10 min

“We’re going to win this election because we have no choice,” Trump said at his Mar-a-Lago resort as he savored his sweetest election night since he beat Hillary Clinton in 2016. The time for that excuse is going to fast run out now that the shape of the 2024 general election is clear. “Until now, people didn’t think it was going to be Biden versus Trump, but here we are and we’re ready to go,” he said. One reason why Trump didn’t come across as a loser to his supporters was that he convinced grassroots GOP voters that he didn’t actually lose the 2020 election. Democratic control of the Senate and the tiny House GOP majority that fell short of red wave expectations were widely blamed on his botched strategizing.

Persons: Donald Trump, Joe Biden –, Trump, “, he’s, We’re, ” Trump, Hillary Clinton, “ We’re, we’re, Biden, cranking, –, ” Biden, He’ll, Nikki Haley, Trump’s, ”, Haley, Mitch Landrieu, Richard Nixon, Bill Clinton, Bernie Sanders, Grover Cleveland, Benjamin Harrison, Cleveland, didn’t, denialism –, P01135809, Mike Pence, Ron DeSantis Organizations: CNN, White, Capitol, Republican, California Republican, Biden, Trump The, GOP, South Carolina Gov, Republican Party, Democrats, White House, Trump, Democratic, Florida Gov Locations: Washington, Virginia, North Carolina , Oklahoma , Tennessee , Maine , Texas , Arkansas , Alabama, Colorado , Minnesota , Massachusetts, California, Lago, “, tatters, New Hampshire, South Carolina, North Carolina, Iowa, Atlanta, Trump’s

☆ More Chinese Women Choosing Singledom as Economy Stutters
▼ + stars: | 2024-03-06 | by ( March | At P.M. | ) www.usnews.com time to read: +6 min

Chinese Premier Li Qiang also vowed to "work towards a birth-friendly society" and boost childcare services in this year's government work report. In Shanghai, this figure reached 30.6 for men and 29.2 for women last year, according to city statistics. Long-term single lifestyles are gradually becoming more widespread in China, giving rise to online communities of mostly single women who seek solidarity from like-minded people. Decades of the one-child policy have led to 32.3 million more men than women in 2022, according to official data. "Well-educated women in search of supportive life partners find fewer suitable men who also endorse women's rights."

Persons: Laurie Chen XIAN, Chai Wanrou, didn't, Xi Jinping, Li Qiang, stigmatised, influencers, China's Instagram, Liao Yueyi, I've, Xiaoling Shu, Davis, Shu, Laurie Chen, Farah Master, Miral Fahmy Organizations: Reuters, Communist Party, Communist Youth League, University of California Locations: China, Xian, Shanghai, United States, Xiaohongshu, Nanning, Hong Kong

☆ Is Crypto Back? What to Know About Bitcoin’s Surge.
▼ + stars: | 2024-03-05 | by ( David Yaffe-Bellany | ) www.nytimes.com time to read: +1 min

For believers, it was a moment of vindication after a 2022 industry downturn that sent several major companies into bankruptcy and tainted crypto’s reputation. Here’s what to know about the new crypto surge. Crypto executives hung out with celebrities, and their companies conducted giant marketing campaigns featuring Super Bowl commercials. Prices crashed in the spring of 2022, as some of the most prominent crypto firms were exposed as frauds. The decline culminated in November 2022, when the FTX crypto exchange, founded by Sam Bankman-Fried, collapsed after the equivalent of a bank run, costing customers $8 billion.

Persons: Bitcoin, cryptocurrencies, Sam Bankman Organizations: Super

☆ Jim Cramer: Why a successful Reddit IPO would be bad news for this bull market
▼ + stars: | 2024-03-03 | by ( Jim Cramer | ) www.cnbc.com time to read: +14 min

There's nothing like a moribund IPO market to create a pleasant backdrop for a bull run. Hot on the heels of the Reddit deal is the expiration of the IPO lockup period for Arm Holdings on March 12. I thought it might occur after the successful Arm deal, but like so many nascent attempts to revive the IPO market there was nothing worth following up with until the Reddit deal. This brings me back to the IPO market. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: We've, It's, Reddit, Sam Altman, Conde Nast, Rene Haas, Steve Huffman, Reddit's, —, isn't, Morgan Stanley, Goldman Sachs, Uber, Jim Cramer's, Jim Cramer, Jim, Mateusz Slodkowski Organizations: Advance Magazine Publishers, Arm Holdings, Company, Nvidia, Employees, GameStop, Supply, Amazon, Walmart, Securities and Exchange Commission, Investors, Fidelity, ICE, Costco, Rite Aid, Tech, Microsoft, Meta, Federal Trade Commission, White House, Jim Cramer's Charitable, CNBC, Getty Locations: British, TheStreet.com, Reddit, POLAND

☆ A Christian pop-up nightclub in Nashville plays Jesus rap and forbids twerking, drinking, and smoking
▼ + stars: | 2024-03-02 | by ( Associated Press | ) www.businessinsider.com time to read: +9 min

Read previewThe young crowd at a Nashville nightclub was ready to dance under the strobe lights to a throbbing mix of hip-hop, rap and Latin beats. The last unspoken rule seemed obvious by then: No secular music — the playlist would be all Christian. Word quickly spread around that a couple had traveled 9,000-plus miles from their home in Brisbane, Australia, to the Christian club in the Tennessee capital known as Music City. Whispering, someone in a small group asked God "to keep away negative suicidal thoughts." "It sounds oxymoronic — a Christian dance club," said Nicholas Oldham, who manages the club's business.

Persons: —, Eric Diggs, Jordan Diggs, Jesus, Jade Russell of, Jessie Wardarski, Aaron Dews, Benji Shuler, Garrett Bland, Donald Lawrence, God, Nia Gant, Gant, Kim Posala, Darin Starks, Haynza Posala, Jessie Wardarski Mic, Carlton Batts Jr, Batts, Caleb Gordon, Kirk Franklin, don't, Shem Rivera, Noah Moon, Rivera, Nicholas Oldham, Oldham Organizations: Service, Business, Ivy League, Nike, Adidas, Pepsi, Jordans, Christian, Club Locations: The, Jade Russell of Louisville , Kentucky, Grand Rapids , Michigan, Brisbane, Australia, Tennessee, Music, Kansas, Nashville

☆ Breaking down the thrilling ending of 'Dune: Part Two,' and if we'll ever see a third movie
▼ + stars: | 2024-03-01 | by ( Jason Guerrasio | Eammon Jacobs | ) www.businessinsider.com time to read: +7 min

Though the movie's ending takes some liberties from Herbert's book, it should leave audiences begging for a third movie. In the movie's thrilling conclusion, Paul drinks the Water of Life, which is supposed to bring death to any man who consumes it. Sure, they might stay together if Villeneuve gets to make "Dune 3," but it could be a while before that happens. AdvertisementIn late 2023, he said at a press conference in South Korea that the screenplay for the third movie, which would be based on Herbert's book "Dune Messiah," was "almost finished." But even if "Dune: Part Two" becomes a box office success, the director will not hustle to close the trilogy.

Persons: Denis Villeneuve, —, Denis Villeneuve's, Frank Herbert's, Paul Atreides, Timothée, Niko Tavernise, Paul, Baron, Stellan, Atreides, Paul's, Javier Bardem, Jessica —, Mother, Jessica, Anya Taylor, Joy, Christopher Walken, Austin Butler, Emperor, Irulan, Florence Pugh, Stilgar, Chalamet, Jessica hasn't, Alia Atreides, Alia, jabbar, Gesserit, Villeneuve, Feyd Rautha, Feyd, he'll, she's, Princess Irulan, Pictures Denis Villeneuve, Villeneuve isn't clamoring Organizations: Service, Warner Bros, Pictures, Times Locations: Arrakis, South Korea, Hollywood

Following Thursday's trade, Jim Cramer's Charitable Trust will own 2,930 shares of BHC, decreasing its weighting in the portfolio to 0.82% from 1.1%. We're trimming roughly one-quarter of our Bausch Health position to manage our downside risk ahead of a key event. As the likelihood of monetizing its BLCO stake increases, BHC shares are expected to trade appreciably higher. BHC 1Y mountain Bausch Health Companies 1 year What we have on our hands is a binary situation and the outcome could go either way. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, Xifaxan, Bausch, Jefferies, BHC, Johnson, haven't, we've, It's, Jim Cramer, Jim Organizations: Bausch Health, Jefferies, Health, CNBC

☆ Salesforce beats on earnings, declares dividend. Those selling the stock are missing the big picture
▼ + stars: | 2024-02-28 | by ( Jeff Marks | ) www.cnbc.com time to read: +9 min

Adjusted operating margin expanded to 31.4% in the quarter, missing estimates of 31.55%, according to FactSet. No, but it was an overall solid quarter for Salesforce, with the company beating on most key metrics. In its fiscal 2024, Salesforce repurchased $7.7 billion worth of stock, lowering its diluted share count by about 1 million to 983 million. For the first quarter, Salesforce guided for revenues between $9.12 and $9.17 billion, in line with estimates of $9.15 billion. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Salesforce, We're, it's, Wednesday's, Marc Benioff, we'd, Amy Weaver, Benioff, Einstein, Cash, Salesforce's, Jim Cramer's, Jim Cramer, Jim, Justin Sullivan Organizations: Revenue, LSEG, Club, CNBC Locations: Americas, Africa, Asia, Latin America, India, Canada, San Francisco , California

☆ Inside the rocky marriage of hedge funds and top AI talent
▼ + stars: | 2024-02-27 | by ( Bianca Chan | ) www.businessinsider.com time to read: +11 min

AI researchers have struggled with hedge funds' culture around proprietary secrets, which goes against the open-source philosophy foundational to AI and academia. Some recruiters, including Michael Stover, are seeing double- and triple-digit growth in AI hiring among hedge funds and prop-trading firms. For heads of AI, he said, hedge funds are dishing out a minimum of $1.5 million in total comp. But perhaps the top reason hedge funds are interested in the technology is that AI capabilities are bait in the war for investing talent. It's one of the few large US hedge funds without an executive or centralized team dedicated to AI or machine learning.

Persons: Ken Griffin's Citadel, Li Deng, Deng, Ken, Ken Griffin, Michael Stover, Stover, ExodusPoint, Balyasny, Agni Ghosh, Stott, isn't, Sumeet Chabria, Conor Twomey, Tim Mace, Mace, May's Ghosh, it's, They're, Peter Finter, Finter, That's, Ghosh, you've Organizations: Microsoft, Business, Citadel, Milken Institute, Reuters, Millennium Management, Bloomberg, Balyasny Asset Management, Man, Bank of America, Wall, Wall Street, Tech, Google Locations: Chicago, Seattle, Beverly Hills , California, London, San Francisco, Silicon Valley, Wall

☆ Opinion: A Sydney ‘copshop’ with a dark history. And the gay community reclaiming it
▼ + stars: | 2024-02-22 | by ( Opinion Gary Nunn | ) edition.cnn.com time to read: +8 min

Police arrest a protester during a gay rights demonstration, which would become known as the first Sydney Gay and Lesbian Mardi Gras, June 1978. A permanent place to learn and healThere’s never been a more crucial time to record and display the stories and history of my LGBTQI community. LGBTQ+ activists demonstrate in what would evolve into the Sydney Gay and Lesbian Mardi Gras, 1978. Many arrested gay men were sent to Cooma — the world’s only known jail for gay men — also in New South Wales. My gay community finally gets to tell their own history in a venue that imprisoned and beat us for simply being ourselves.

Persons: Gary Nunn, Read, Gary Nunn Qtopia, Sydney’s, Anthony Albanese, “ ‘, ”, Darlo copshop, Steve Warren, Peter Murphy, Murphy, Qtopia, They’ve, videographers, There’s, —, David Polson, wasn’t, “, Cooma, David hasn’t, He’s Organizations: Sydney CNN, Darlinghurst Police, “ ‘ 78ers, ‘ 78ers, 78ers, Police, Sydney Gay, Mardi Gras, Sydney Morning Herald, Fairfax Media, Getty, Warren, Mardi, South Wales, Gay, NSW police, Goliath Locations: Sydney, Australia, Darlinghurst, San Francisco, London, South, Qtopia, New South Wales, Uganda, Malaysia, Guyana, Dominica, Nigeria, Pakistan

☆ Schism over Russia drives Republicans apart
▼ + stars: | 2024-02-20 | by ( Zachary Wolf | Analysis Zachary B. Wolf | ) edition.cnn.com time to read: +7 min

CNN —There are emerging signs of a deep schism in the Republican Party over how or even whether the US should stand up to authoritarianism in Russia. With a not-so-subtle nod to Trump’s failure to criticize Russia for Navalny’s death, she compared elections in democracies to those in autocracies. Compare it with House Speaker Mike Johnson, who, at Trump’s behest, is refusing to bow to pressure to allow a vote on US aid to Ukraine. If it is clear where Haley and Trump stand on opposing Russia and helping Ukraine, what’s in Johnson’s mind is a secret. “If there is a Mike Johnson plan, there aren’t any House Republicans that are aware of its existence.” Read their full report.

Persons: Donald Trump, It’s, Nikki Haley, Haley, Alexey Navalny, ” Haley, Trump, CNN Haley’s intransigence, Mike Johnson, ” Johnson, @realDonaldTrump Organizations: CNN, Republican Party, Republicans, United, Republican, “, Mar, Trump, Twitter, ’ Locations: Russia, Ukraine, South Carolina, Russian, autocracies ., Soviet

☆ What We Give Up for Lent Makes Us Who We Are - The New York Times
▼ + stars: | 2024-02-17 | by ( Molly Worthen | ) www.nytimes.com time to read: +2 min

Chanequa Walker-Barnes, a professor of practical theology and pastoral care at Columbia Theological Seminary in Georgia, has an unusual approach to Lent. Instead of giving up chocolate or fasting, “sometimes I’ll say I’m giving up self-neglect,” she told me. The reaction from others surprised her: “First friends, and then strangers told me they were following the Lenten challenge. Dr. Walker-Barnes is one of many Christians who are reclaiming Lent, the 40 days of reflection, repentance and self-denial before Easter. The earliest Christians marked the lead-up to Easter with a short period of fasting and repentance.

Persons: Chanequa Walker, Barnes, ”, “, Dr, Walker, . Walker, Pope Gregory I Organizations: Columbia Theological Seminary, Ash Locations: Georgia, Rome

Many Americans believe the United States was founded as a Christian nation, and the idea is energizing some conservative and Republican activists. What does it mean to say America is a Christian nation? Was it only conservatives citing the idea of a Christian nation? Forty-five percent said the U.S. should be a Christian nation, but only a third thought it was one currently. ___Sources: Pew Research Center; Public Religion Research Institute/Brookings; “Was America Founded as a Christian Nation?” by John Fea.

Persons: ”, couldn't, Let's, It's, Benjamin Franklin, Jesus, deists, Franklin D, Roosevelt, Martin Luther King Jr, Christ, John Organizations: Republican, Congregational Church, American, Christian, Soviet Union, National Council of, Pew Research Center, Pew, Constitution, Religion Research Institute, Public Religion Research Institute, Brookings, “, John Fea, Lilly Endowment Inc, AP Locations: United States, U.S, Connecticut, Massachusetts, America, Israel, Christianity, Rhode, Independence, Christian America, Soviet, USA, Brookings

Yet large numbers of Americans believe the founders intended the U.S. to be a Christian nation, and many believe it should be one. The idea of a Christian America means different things to different people. Robert Jeffress, pastor of First Baptist Church of Dallas, said he doesn’t identify as a Christian nationalist, but does believe America was founded as a Christian nation. Six in 10 U.S. adults said the founders intended America to be a Christian nation, according to a 2022 Pew Research Center survey. About 45% said the U.S. should be a Christian nation.

Persons: Donald Trump, God, it’s, Trump, ”, Eric McDaniel, McDaniel, “, ” Trump, Mike Johnson, Thomas Jefferson, Johnson, Steve Bannon, Jerusalem ”, Charlie Kirk, Robert Jeffress, “ I’m, I’m, shouldn’t, John Jay —, —, ” Jeffress, doesn’t, ” Anthea Butler, Butler, John, Joe Biden, John Jay, Patrick Henry, Samuel Adams, John Adams, Benjamin Franklin, Jesus, George Washington Organizations: U.S, Republicans, Constitution, Pew Research Center, University of Texas, America, Republican, Washington Metropolitan Area, Vocal, Trump, Kentucky Republican, Baptist Church of, Supreme, University of Pennsylvania, Blacks, Native, John Fea, Messiah University, Democratic, Religion Research Institute, Fea, Lilly Endowment Inc, AP Locations: Independence, U.S, America, Washington, Jerusalem, ” Recent Texas , Oklahoma, Baptist Church of Dallas, Mechanicsburg , Pennsylvania, Brookings

Greece has become the first majority-Orthodox Christian nation to legalize same-sex marriage under civil law. Public opinion in majority Orthodox countries has mostly been opposed, too. Civil unions may become more common among Orthodox countries gravitating toward the European Union. Greek Orthodox showed relative tolerance, with half of Orthodox saying homosexuality should be accepted and a quarter favoring same-sex marriage. As head of the Russian Orthodox Church, he oversees the world's largest Orthodox flock.

Persons: ”, Kyriakos Mitsotakis, “, George Demacopoulos, ” Demacopoulos, —, Vladimir Putin, “ perversions, Putin, Kirill, Moscow, Tiny Montenegro, Aleksandar Vucic, ″, ___ Smith, Yuras, Stephen McGrath, Illia Novikov, Veselin Toshkov Organizations: European Union, Pew Research Center, Orthodox Christian Studies Center, Fordham University, Ukrainian, of, of Human, Russian Orthodox Church, Kremlin, Russia’s, Levada, MONTENEGRO Serbia, Balkan, Serbian Orthodox Church, of Human Rights, Orthodox, Bulgarian Orthodox Church, Associated Press, Gec, Lilly Endowment Inc, AP Locations: Greece, Montenegro, Cyprus, Russia, Eastern Europe, Washington, New York, European, UKRAINE, Ukraine, RUSSIA, Russian, BELARUS, Belarus, SERBIA, MONTENEGRO, Serbia, ROMANIA, MOLDOVA Romania, Romania, Bucharest, Moldova, BULGARIA, Bulgaria, Pittsburgh, Tallin, Estonia, Belgrade, Kyiv, Sofia

☆ 'There's very little margin for error': 7 strategists explain why the Goldilocks narrative is in trouble — but these 8 investments are still worth making now
▼ + stars: | 2024-02-16 | by ( James Faris | ) www.businessinsider.com time to read: +9 min

Investors are pricing in a best-case outcome where earnings rise and inflation returns to normal in a continued economic expansion. “It’s a tough needle to thread,” said Steve Sosnick, the chief strategist at Interactive Brokers. “And that pretty much pulls forward almost all the returns, in our minds, for 2024.”AdvertisementCrit Thomas, a global market strategist at Touchstone Investments, has the same concern. “And so at 21x earnings, there’s very little margin for error here.”AdvertisementFourth-quarter earnings mostly met measured expectations , as did forward guidance. Clark Bellin, the chief investment officer at Bellwether Wealth, said he’s less worried about valuations broadly and is more interested in seeing which sectors look cheap.

Persons: —, ”, Solita Marcelli, “, Sameer Samana, Steve Sosnick, It’s, Steven Wieting, “ We’ve, Crit Thomas, “ I’m, ” Thomas, We’re, Chris Galipeau, ” Galipeau, ” Sosnick, we’ve, Liz Ann Sonders, Schwab, ” Sonders, there’s, Clark Bellin, he’s, ” Bellin, you’re, Stocks, Samana, won’t, Thomas, Wieting, Bellin, “ They’ve, they’re Organizations: Service, Business, UBS Global Wealth Management, Federal Reserve, Wells, Wells Fargo Investment Institute, Interactive, Citi Global Wealth’s, Touchstone Investments, Franklin Templeton Institute, Citi Global Wealth, Bellwether Wealth Locations: Wells Fargo, Samana, ” Samana, Galipeau

☆ The stock market debate is trapped in the '90s with both bulls and bears drawing comparisons
▼ + stars: | 2024-02-10 | by ( Michael Santoli | ) www.cnbc.com time to read: +10 min

Value-investing asset manager GMO last week published a study showing that the top ten S & P 500 stocks by size have handily beaten an equal-weighted pool of the other 490 for several years now. Neither is Microsoft, a useful indicator give that it was the largest stock by market cap both in December 1999 and today. Indeed, today the stock market has done well even as expectations for the speed and depth of rate cuts this year have diminished. (Industrials are leading, the equal-weight S & P is up 19% from October and there were 204 new 52-week highs on the NYSE Friday over 24 new lows.) The S & P 500 uptrend has for weeks targeted the 5050 area, as an immediate culmination point, and it's just about there.

Persons: Morgan, Marko Kolanovic, —, Janus, Stocks, it's, Alan Greenspan, Greenspan, Jerome Powell, Ned Davis, Ed Clissold, Jurrien, Goldman Sachs Organizations: Nvidia, Cisco, Nasdaq, Cisco Systems, Microsoft, Fed, Netscape, Boston, NYSE Locations: Russia, It's, Orange County, Calif

☆ Snap shares drop 30% after company's revenue miss and weak guidance
▼ + stars: | 2024-02-07 | by ( Alex Koller | ) www.cnbc.com time to read: +3 min

Evan Spiegel, CEO of Snap Inc., speaks onstage during the Snap Partner Summit 2023 at Barker Hangar on April 19, 2023 in Santa Monica, California. Snap shares tanked 30% in Wednesday morning trading, a day after the company missed revenue estimates and issued light guidance in its fiscal fourth-quarter earnings report. Snap reported revenue of $1.36 billion for the quarter, slightly below the $1.38 billion expected by analysts, according to LSEG, formerly known as Refinitiv. They noted that strong ad improvements and impression growth at Meta and Amazon could represent another headwind for Snap's ad revenue. "Stepping back, 4Q was a mixed bag, but the acceleration in 1Q gives us confidence that things are getting back on track," the analysts wrote.

Persons: Evan Spiegel, Morgan Stanley, — CNBC's Michael Bloom, Jonathan Vanian Organizations: Snap Inc, Barker, Meta, Barclays, 4Q, SNAP, JPMorgan, CNBC PRO Locations: Santa Monica , California

☆ Cramer explains why the market isn't seeing so many sellers
▼ + stars: | 2024-02-06 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Tuesday suggested that sellers have been conspicuously absent on Wall Street, even as the market faces economic trends may have brought them out in years past. "Last year, we would've had sellers coming out of the woodwork," he said. "Now, though, I think the short-sellers have been obliterated, and almost everyone who wants to sell seems to have already gotten out. Cramer added that the artificial intelligence craze has not played out as many on Wall Street thought it would. "I know Big Tech was down today, but I think they're just taking a breather after an unsustainably parabolic move."

Persons: CNBC's Jim Cramer, would've, Cramer, he's Organizations: Computer, Nvidia, Enterprise, Big Tech

☆ Here's why Apple stock is still worth holding despite Wall Street's shortsightedness
▼ + stars: | 2024-02-04 | by ( Jim Cramer | ) www.cnbc.com time to read: +14 min

Asked a double-edged question: "What can you do to make my Apple stock go up." On Friday, we had so many storylines going it is hard to get your head around Apple's Vision Pro launch and its import. Most of all, however, the customer satisfaction level allows him to experiment with something really radical: the Vision Pro. No one is buzzing about how Apple can't meet demand for the Vision Pro. People walk in an Apple store on the day the Vision Pro headset goes on sale in Los Angeles, Feb. 2, 2024.

Persons: Apple's, Mark Zuckerberg, Zuckerberg, Matt Horween, Tim Cook, Cook, AirPods, Goldman Sachs, Apple, Ray, that's, Jim Cramer's, Jim Cramer, Jim, Mike Blake Organizations: Costco, Apple, Meta, Apple's Vision, Web Services, Reality Labs, Dow Jones Transportation, Federal Reserve, Huawei, Vision, Major League Soccer, CNBC Locations: China, Republic of China, Los Angeles

☆ In South America, African-Inspired Religions Gain More Followers
▼ + stars: | 2024-02-03 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +5 min

Followers of African-based religions are on the rise in South America new data shows, a reflection of how the region's African heritage is gaining a greater voice beyond Brazil where such traditions are widely recognized. Surveys on religious beliefs in Argentina and Uruguay point to a rising number of people who identify with African-inspired faiths. Over 2% of Uruguayans identify as followers of African-inspired faiths like Umbanda. Oral histories and traditions associated with the African-based religions have long been misunderstood or demonized as "witchcraft," she said. "We've made strides in terms of the laws around practicing our religion, that in theory protect against discrimination," she said.

Persons: Lucinda Elliott, Mother Susana Andrade, Mae Susana de Oxum, Sasha Curti, Ramirez, Curti, Candomblé, Yemanjá, WE'VE, Victoria Sotelo, Greta Pena, stigmatization, Andrade, We've, Aurora Ellis, David Gregorio Organizations: Uruguayan, Federation of, University of the, Diaspora, Argentina's National Institute Locations: Candelaria Grimberg MONTEVIDEO, Africa, Federation of Uruguay, South America, Brazil, Argentina, Uruguay, Montevideo, Uruguayan, University of the Republic, Argentine, Paraguay, European Argentina, Candelaria, Buenos Aires

These days, however, conspiracy theories and those who believe them seem to be playing an outsize role in politics and culture. On the left, Robert F. Kennedy Jr. has exploited conspiracy theories about vaccines to wage his own campaign for the presidency this year. The Associated Press has examined the history of conspiracy theories in the United States. “I was suicidal before I got into conspiracy theories,” said Antonio Perez, a Hawaii man who became obsessed with Sept. 11 conspiracy theories and QAnon until he decided that they were interfering with his life. Russia, China, Iran and other U.S. adversaries have worked to amplify conspiracy theories as a way to destabilize democracy further.

Persons: Robert F, Kennedy Jr, ”, John Llewellyn, Melissa Sell, Antonio Perez, “, I’ve, they've, —, Nash, peddlers, Trump, Timothy Caulfield Organizations: Associated Press, Illuminati, Wake Forest University, AP, Sandy, Elementary, Capitol, Business, U.S, University of Alberta Locations: United States, Pennsylvania, Connecticut, Hawaii, U.S, Russia, China, Iran

Part motel, part new-age clinic, the facility offers nightly rentals in rooms that come equipped with “BioHealers” –- canisters that the company claims exude “life force energy,” or biophotons. “There are some forces driving that: obviously the internet and social media, and distrust of traditional medicine, traditional science. Given the primary importance of health, it’s hardly surprising that unproven medical claims and products that seem too-good-to-be-true have a long history in America. “ Distrust of government and distrust of major institutions makes people vulnerable,” said Stephen Barrett, a psychiatrist and expert in unproven medical claims who launched the organization Quackwatch in the 1970s to highlight medical scams. As a result, low-level hucksters or those peddling unproven treatments often don’t get as much attention.

Persons: BUTLER, exude, Tesla, Dr, James Liu, ”, Liu, Timothy Caulfield, Medbeds, Donald Trump, “ I’m, medbeds, ” Liu, it’s, John Brinkley, they’ve, Alex Jones, Trump, Stephen Barrett, Elon Musk, Nikola Tesla, Seth Robinson, Robinson doesn’t, We’re, Tesla’s, I’ve, Caulfield, ” Caulfield, “ It’s, ” Tesla’s, Bahman Anvari, It’s Organizations: Tesla, MedBed, Penn State University, “, University of Alberta, Walmart, Associated Press, Drug Administration, Elon, FDA, AP, University of California Locations: Pa, Pittsburgh, China, New Jersey, Butler, Tennessee, America, Florida, Delaware, Riverside

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