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☆ Amazon CEO Andy Jassy says he's committed to cost cutting while investing in AI in shareholder letter
▼ + stars: | 2024-04-11 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +41 min

This work diminished short-term revenue, but was best for customers, much appreciated, and should bode well for customers and AWS longer-term. We're also making progress on many of our newer business investments that have the potential to be important to customers and Amazon long-term. Being intentional about building primitives requires patience. Customers building their own FM must tackle several challenges in getting a model into production. Customers' AI models contain some of their most sensitive data.

Persons: Andy Jassy, Jassy, Jeff Bezos, he's, we've, Martha Stewart, Clinique, we're, We've, bode, We're, I've, iterating, We'd, we'd, Fox, affordably, you've, They're, Anthropic, that's, Claude, Dana, debugs, Slack Organizations: Amazon, Services, AWS, Deal, Prime, MGM, Savings, Regions, Citadel, Target, Storage Service, Netflix, Disney, Max, Paramount, CIA, . Intelligence, Amazon Freight, Carrier, Amazon Shipping, Foods, Drones, Amazon Pharmacy, Amazon Clinic, Robotics, Nvidia, Ricoh, NatWest, FMs, Meta, Bridgewater Associates, Farber Cancer Institute, Delta Air Lines, Intuit, KT, Lonely, LexisNexis, Netsmart, Pfizer, PGA, Rocket Companies, Siemens, Media, Inc Locations: North America, U.S, Europe, India, Brazil, Australia, Mexico, Middle East, Africa, Malaysia, New Zealand, Kingdom of Saudi Arabia, Thailand, Berlin, Hulu, Amdocs, Genomics England, GoDaddy, GenAI

A major U.S. bank and a legacy tech name were the focus of some of Tuesday's biggest analyst calls. The firm upgraded the apparel stock to overweight from neutral, and raised its price target to $31 per share from $26. The firm resumed coverage of the legacy tech company with an overweight rating and a $58 per share price target. He reiterated his $64 price target on the stock, implying upside of 10.7%. Additionally, he sees "greater risk to the achievement of our price target as the Fed rate cutting cycle begin."

Persons: Morgan Stanley, Matthew Boss, — Brian Evans, Goldman Sachs, Molson Coors Goldman Sachs, Molson, Molson Coors, Bonnie Herzog, Bud Light, Brian Evans, Goldman, Mark Delaney, Cisco, Morgan Stanley's, David Rochester, Fred Imbert Organizations: CNBC, Cisco Systems, JPMorgan, Eagle Outfitters JPMorgan, American Eagle Outfitters, Eagle Outfitters, Molson Coors, Molson, TAP, Tesla, Cisco, Wells Locations: U.S, Wells, Americas, EVs, Wells Fargo, 2H24, Rochester

☆ Intel's bold claims for new chip, plus bad calls on Wells Fargo, Freeport-McMoRan
▼ + stars: | 2024-04-09 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Given the company's track record, it is not surprising to us that its stock isn't working after these much-ballyhooed claims. Upgrades/downgrades: Bank earnings season kicks off this Friday with Wells Fargo , JPMorgan , and Citigroup scheduled to report. Meanwhile, Cramer is critical of an upgrade of Freeport-McMoRan after the stock has gained 35% since the beginning of March. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer, Stocks, Gaudi, Wells, Wells Fargo, Cramer, Jim Cramer's, Jim, Patrick Gelsinger, Brendan Smialowski Organizations: CNBC, Nvidia, Intel, JPMorgan, Citigroup, KBW, Citi, GE, GE Healthcare, Core CPI, Jim Cramer's Charitable, AFP, Getty Locations: Wells Fargo, Freeport, McMoRan, Chandler , Arizona

☆ Here are Tuesday's biggest analyst calls: Nvidia, Apple, Tesla, Netflix, Cisco, Alphabet, American Eagle & more
▼ + stars: | 2024-04-09 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Barclays downgrades American Express to equal weight from overweight Barclays sees "limited upside" on valuation for the stock. Compass Point downgrades Wells Fargo to neutral from buy Compass sees a more balanced risk/reward for shares of Wells Fargo. Bank of America reiterates Apple as buy Bank of America says its survey checks show App Store growth increasing. Bank of America upgrades Ally Financial to buy from neutral Bank of America said the bank holding company has "credit leverage." Bank of America initiates Frontier a buy Bank of America said the wirelines and cable telecom company has "meaningful potential to outperform."

Persons: Morgan Stanley, Raymond James, Goldman Sachs, Tesla, Goldman, Wells, Wells Fargo, Jefferies, MNDY, Rosenblatt, TeraWulf, TD Cowen, William Blair, Cowen, it's, Wolfe, KBW, DA Davidson, Davidson Organizations: Cisco, Colgate Energy, Resource, Bank of America, Infosys, of America, Barclays downgrades, Express, Barclays, BMO, Realty Trust, Compass, LPL, Nasdaq, Jefferies, RBC, Molson Coors, TAP, Distributors, Google, GE Aerospace, GE, General Electric Company, Apple, Netflix, Frontier Communications, JPMorgan, Eagle Outfitters, Technologies, Steel, Japan's Nippon Steel, Nippon Steel, GOP, Trump, Nvidia Locations: Midland , Texas, Wells Fargo, Freeport, Pittsburgh

☆ Here are Monday's biggest analyst calls: Nvidia, Tesla, Delta, Skechers, Apple, Disney, Micron, Citi, Amazon & more
▼ + stars: | 2024-04-01 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Morgan Stanley initiates Compass Pathways at overweight Morgan Stanley said in its initiation of Compass that it's bullish on shares of the mental health biopharma company. Morgan Stanley reiterates Taiwan Semiconductor as overweight Morgan Stanley said it's standing by its overweight rating on shares of TSM. Morgan Stanley reiterates Delta as a top pick Morgan Stanley said Delta's push into "premium" will reward investors. Bank of America reiterates Micron as buy Bank of America said it sees further share gains for Micron. Morgan Stanley reiterates Planet Fitness as overweight Morgan Stanley said it's standing by its overweight rating on the fitness company.

Persons: Jefferies, Goldman Sachs, Goldman, it's, it's bullish, Hunt, Werner, Robinson, Morgan Stanley, Delta, Wells, Evercore, Bill, Tesla, Oppenheimer, Sweetgreen, Baird downgrades, Baird, Tommy Bahama Organizations: Microsoft, Barclays, Barclays downgrades J.B, J.B, C.H, Taiwan Semiconductor, DAL, " Bank of America, Nvidia, Broadcom, Bank of America, Micron, Devon Energy, Bloom Energy, Energy, Disney, underperform Bank of America, Baird downgrades Fifth, Bancorp, Royal Caribbean, Citi, Citigroup Inc, Royal Caribbean Cruises Ltd, TPG Inc, TPG, TE Connectivity, Chevron Corp, Citi downgrades Oxford Industries Locations: TSM, Wells Fargo, Devon, F1Q, Cincinnati, Royal, Oxford

☆ Opinion | The Great Tension Inside the Trump G.O.P.
▼ + stars: | 2024-03-29 | by ( Ross Douthat | ) www.nytimes.com time to read: +2 min

How might these commitments be paid for if these pro-government Republicans had their way? A different poll, from Bloomberg and Morning Consult, suggested one possible answer: Surveying voters in seven swing states, it found that 58 percent of self-described conservative Republicans strongly or somewhat supported raising taxes on Americans making $400,000 or more a year. These populist perspectives — tax the upper class and spend on health care and income support — aren’t especially surprising, given the Republican Party’s slow transformation into a more downscale coalition, a process in which it has gained blue-collar and non-college-educated supporters and lost affluent suburbanites to the Democratic Party. But good luck finding evidence of this populist transformation in the party’s current policy proposals. Consider, for instance, the latest budget proposal from the Republican Study Committee, the conservative House caucus that claims about 80 percent of Republican representatives as members.

Persons: Newt Gingrich, Paul Ryan Organizations: American Compass, Republican, Social Security, Republicans, Bloomberg, Morning, Democratic Party, Committee, House, Trump

☆ Why Ireland is the most pro-Palestinian nation in Europe
▼ + stars: | 2024-03-29 | by ( Eoin Mcsweeney | Niamh Kennedy | ) edition.cnn.com time to read: +15 min

“But like Palestine, (Ireland) had direct and sustained experience of imperialism,” she said. Mousa Salem/Anadolu Agency/Getty Images Palestinians transport bags of flour on the back of trucks as humanitarian aid arrives in Gaza City on March 6. Omar Qattaa/Anadolu Agency/Getty Images Palestinians wait to receive food at a refugee camp in Rafah on January 27. AFP/Getty Images Palestinian boy Ahmed Qannan, suffering from malnutrition, receives treatment at a health-care center in Rafah on March 4. Yasser Qudih/Anadolu Agency/Getty Images People in a crowd struggle to buy bread from a bakery in Rafah on February 18.

Persons: Benjamin Netanyahu’s, Micheál Martin, Israel, “, Zoë Lawlor, ”, Jane Ohlmeyer, Leo Varadkar, ” Varadkar, Abdalmajid, Volker Turk, Ohlmeyer, Clodagh Kilcoyne, Ronald Storrs, Seán Gannon, Simon Harris, ” Israel, Amihai Eliyahu, Netanyahu, Dana Erlich, Emily Hand, Varadkar’s, Eli Cohen, Varadkar, Sinn Féin, Mary Lou McDonald, ” Matt Carthy, Sinn, ” Lawlor, Loay, Fadi, Kamal Adwan, Omar Qattaa, Saher, Ahmed Qannan, Mohammed Salem, Said Khatib, Dawoud Abo, Jehad, crouches, Abed Zagout, Yazan, Rabie Abu Noqaira, Mohammed Abed, Alexi J . Rosenfeld, Yasser Qudih, Fatima Shbair, Lawlor, Carthy Organizations: CNN —, Israel, International Court of Justice, Irish, Irish Palestine Solidarity, Trinity College Dublin, Ireland, “, CNN, Irish Free State, Republic of Ireland, Hamas, United Nations, Jewish, Republican Irish, European Union, West Bank, Newstalk, Irish Palestine Solidarity Campaign, Washington Post, Kamal, Anadolu Agency, Getty, AFP, UN, Reuters, US Air Force, UPI, Dawoud Abo Alkas, Amnesty, Irish Times, State Locations: CNN — Ireland, Ireland, Gaza, Israel, Gaza “, South Africa, Irish Palestine, Palestinian, Irish, Palestine, London, St, dispossession, Ulster, United Kingdom, Northern Ireland, Republic of, Dublin, Jerusalem, Jewish Ulster, Republic of Ireland, Ireland Ireland, Limerick, Rafah, Mousa Salem, Gaza City, AFP, Jordanian, Februrary

Small towns and rural enclaves along the path of April's total solar eclipse are steeling for huge crowds of sun chasers who plan to catch a glimpse of day turning into dusk in North America. Look no further back than the last U.S. total solar eclipse in 2017 to understand the concern, said Tom Traub, who is part of NASA's eclipse ambassador program. “You had gas stations running out of gas," said Traub, who also serves on the board that runs the Martz-Kohl Observatory near Frewsburg, New York. "And hopefully that won’t be the case.”CELLPHONES MIGHT NOT WORKIn central Texas, emergency officials in Hays County recommend a "solar eclipse survival bag” stocked with items including a mobile phone and charger. And with all the extra traffic, there also will likely be more crash injuries, said Raetzke.

Persons: Kan, Tom Traub, “, Traub, ”, Lyndon, ” Rob Kelly, Mike DeWine, Dan Serafin, Katrina Amos, ’ ”, Amos, Brad Raetzke, Chris Temple Organizations: —, Tourism, National Guard, Martz, Kohl, Johnson, Historical, Texas, “, Food, Coast Guard Locations: North America, Texas, Maine, Oklahoma, Texas , Indiana , Ohio, New York , Pennsylvania, Vermont, U.S, Beatrice , Nebraska, Frewsburg , New York, Hays County, Austin, Kerr, San Antonio, Ohio, Erie , Pennsylvania, Cape Girardeau , Missouri, Mississippi, Lake Erie, it's, Columbus , Ohio, Nashville , Tennessee, Erie

New rankings of business, education, engineering, law, medical and nursing programs will be unveiled on April 9 as part of the 2024 edition of Best Graduate Schools. Finally, U.S. News will again update its annual rankings of graduate programs in public affairs, public health schools and programs, and computer science. That last ranking, referred to as the Most Diverse Medical Schools, takes into account Black, Hispanic, Native American and Native Hawaiian/Pacific Islander enrollment. Prospective students seeking such information, along with the full rankings, should access the subscription-based U.S. News Graduate School Compass. The full law school rankings and data will be free to all users.

Persons: Robert Graham Organizations: Graduate Schools, U.S . News, News, . News, Robert, Robert Graham Center, American Academy of Family Physicians, Medical, News Graduate School Compass Locations: U.S, audiology

☆ The way Americans buy and sell homes is about to get turned on its head
▼ + stars: | 2024-03-18 | by ( David Goldman | ) edition.cnn.com time to read: +6 min

CNN —The way Americans buy and sell homes is about to get turned on its head. And other broker tactics that critics say are anticompetitive, such as a rule that made sellers’ agents set compensation for buyers’ agents, will be prohibited. Goodbye, 6% commissionsFor decades, Americans have paid a standard commission of around 6% when selling a home, split between the seller’s broker and the buyer’s broker. A separate new rule will require buyers’ brokers to enter into written agreements with their buyers. Second, it led buyers’ brokers to push more expensive homes on buyers, so their payout would be higher.

Persons: Cowen, Stephen Brobeck, Norm Miller, Miller Organizations: CNN, National Association of Realtors, NAR, Industry, Consumer Federation of America, University of San Locations: America, University of San Diego

☆ Real estate stocks plunge as NAR agrees to landmark settlement that rewrites rules on commissions
▼ + stars: | 2024-03-15 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

The National Association of Realtors announced a $418 million settlement to end antitrust lawsuits. Real estate stocks including Zillow and Redfin fell Friday after the announcement. AdvertisementShares of real estate companies plunged on Friday following an announcement from the National Association of Realtors that resolves a lawsuit with home-selling groups and effectively nixes the standard 6% commission for home purchases. As part of the settlement, the NAR has agreed to prevent sellers' brokers from determining the compensation for buyers' agents. AdvertisementTaken together the changes will rewrite the longstanding real estate business model which had sellers pay their broker and the buyer's broker.

Persons: Redfin, —, Nykia Wright, Kevin Sears Organizations: National Association of Realtors, Service, NAR

☆ Florida condo owners are stuck in a 'train wreck' as prices drop and mounting insurance rates scare away buyers
▼ + stars: | 2024-03-10 | by ( Dan Latu | ) www.businessinsider.com time to read: +5 min

Read previewThe Florida condo market is caught in a storm. By contrast, median condo prices nationally rose 8% over the same period, to around $340,000. A deepening insurance crisis for Florida homeownersThe rising cost of insurance has been a long-simmering problem in Florida. Recently, he walked away from buying a $300,000 condo in North Palm Beach that would have come with a $4,500 annual insurance bill. On his own single-family home in Palm Beach Gardens, Forina added, his annual insurance premium, which was $2,600 in 2017, jumped to $8,200 in 2024.

Persons: —, It's, Joe Humphfner, rusk, Florida homeownership, Holly Meyer Lucas, Meyer Lucas, Anthony Forina, Forina, Humphfner Organizations: Service, Business, Sunshine State, Farmers Insurance, Bankers Insurance, Homeowners, Wall Street Journal, Condo, Humphfner Locations: Florida, Jupiter, West Palm, Jacksonville, Miami, Coral, Florida's, South Florida, North Palm, Palm Beach

☆ There's one signature on OpenAI's clapback against Elon Musk that people are buzzing about
▼ + stars: | 2024-03-06 | by ( Camilo Fonseca | ) www.businessinsider.com time to read: +4 min

Ilya Sutskever, chief scientist at OpenAI, signed the company's response to a lawsuit brought by Elon Musk. After Altman's return, Sutskever was removed from OpenAI's board, with his future at the company uncertain. AdvertisementAfter OpenAI's board fired Altman, Musk defended Sutskever on X , writing, "Ilya has a good moral compass and does not seek power. Sutskever figures prominently in OpenAI's response to the Musk lawsuit, which includes several email exchanges between Musk, Sutskever, Altman, and Greg Brockman, another OpenAI cofounder. Given Sutskever's role in drafting OpenAI's response to the lawsuit, it is unlikely that Musk's offer of employment still stands.

Persons: Ilya Sutskever, Elon Musk, Sutskever, Sam Altman's, —, Elon, Sam Altman, Altman, Ilya, Altman's, OpenAI, Musk, Greg Brockman Organizations: Service, Microsoft Locations: OpenAI

☆ Why a warehouse giant is planning a $25 billion push into data centers
▼ + stars: | 2024-03-06 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +10 min

He will fill the newly created role of global head of data centers at the firm. Prologis's push exemplifies the growing interest among investors in data center deals, including players who have not traditionally been involved in the highly specialized industry. Warehouses have squat footprints similar to data centers and are often located in industrial areas that have proximity to the heavy electrical lines and equipment necessary to deliver voluminous power that data centers require. Warehouse growth slows as data centers accelerateDemand for data centers has steadily grown over the past decade, driven by the widespread use of cloud computing and storage across corporate America. Blackstone, for instance, has said it plans to develop as much as $50 billion of data centers in the coming years.

Persons: Chris Curtis, Curtis, Michael Hochanadel, Hochanadel, Harrison, They're, Joseph Ghazal, Ghazal, Hamid Moghadam, JLL, Morgan Stanley, Blackstone, Vince Tibone, Tibone, Prologis's, Ron Kamdem, Moghadam, Carl Beardsley, Beardsley, Chris Crosby, Prince William County, Prologis Organizations: Business, Harrison, Green, Amazon, Google, Microsoft, Brookfield, Blackstone, Compass Locations: San Francisco, Dallas, America, Brookfield, Canadian, Prince William, Virginia

☆ Opinion: After Super Tuesday, the dreaded rematch is real
▼ + stars: | 2024-03-05 | by ( Opinion Patrick T. Brown | ) edition.cnn.com time to read: +7 min

But there’s also the loud minority of “Never Trump” Republicans, represented by figures like former Illinois Rep. Adam Kinzinger or former New Jersey Gov. In North Carolina, exit polls suggest Trump won a slim majority of Republican voters with a college degree. But there’s a third camp: the reluctant Republican stalwarts who are neither Always Trump nor Never Trump. In general, these Republicans tend to seek traditionally defined conservative policy victories – from school choice to tax cuts to a strong national defense. But they can also see the potential for conservative policy victories in a second Trump administration.

Persons: Patrick T, Brown, Joe Biden, pollsters, Donald Trump, denialism, suburbanites, MAGA, ”, there’s, Adam Kinzinger, Christine Todd Whitman, Trump’s, they’ve, Trump, Nikki Haley, Glenn Youngkin, Brian Kemp, aren’t, –, Inez Feltscher Stepman, Biden, FDR, Harris, Roe, Wade –, Dobbs, Wade, slog Organizations: Public Policy Center, Economic, Twitter, CNN, Biden, Trump, GOP, Republican, “, Trump ” Republicans, Illinois Rep, New, New Jersey Gov, Hilton, Republicans, Virginia Gov, Georgia Gov, Supreme, Independent, American, Democratic, Super Locations: Washington , DC, America, South Carolina, New Jersey, North Carolina, Charleston, Columbia, Georgia, Afghanistan, Ukraine, Gaza

☆ Compass Diversified CEO Elias Sabo: We're not seeing 'fear' around consumer weakness right now
▼ + stars: | 2024-02-29 | 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 EmailCompass Diversified CEO Elias Sabo: We're not seeing 'fear' around consumer weakness right nowElias Sabo, Compass Diversified CEO, joins 'Closing Bell Overtime' to talk the state of the consumer.

Persons: Elias Sabo, We're Organizations: Compass

☆ Google's Gemini flop raises the question: What exactly do we want our chatbots to do, really?
▼ + stars: | 2024-02-29 | by ( Peter Kafka | ) www.businessinsider.com time to read: +3 min

Internet culture chronicler Max Read has a particularly sharp assessment about all of it: Yes, this is dumb. are all that interesting or enlightening questions compared to something like "well, what did you want the computer to do?" I can't really even come up with situation where Gemini's refusal to say that Hitler is worse than Elon Musk has some terrible downstream effect. And, also — The Gemini debacle really is a debacle. AdvertisementMaybe we can all take a breath and slow down, and figure out what this tech really can, and can't do.

Persons: Elon Musk, Hunter, Ted Cruz, Max Read, Pol Pot, Martha Stewart, Hitler, they've, chatbots, Marc Andreessen Organizations: Big Tech, Google, Twitter Locations: New York

Learn moreThe Apple Watch Series 9 and Ultra 2 are Apple's flagship smartwatches. Check out our reviews of the Apple Watch Series 9 and Apple Watch Ultra 2 for more specific information. AdvertisementApple Watch Series 9 vs. Ultra 2: Smartwatch featuresThe Ultra 2 (shown) and Series 9 both have the new Double Tap Gesture. These consist of the best designer Apple Watch bands, the best leather Apple Watch bands, or the best metal Apple Watch bands. AdvertisementApple Watch Series 9 vs. Ultra 2: PriceThe Apple Watch Series 9 starts at $399 for the 41mm model and $429 for the 45mm model, while the Ultra 2 retails for $799 for the only sizing option available, the 49mm model.

Persons: Rick Stella, Apple Organizations: Business, Apple, Health, Smart, Control, Apple Pay, Apple Watch, GPS

☆ Americans have racked up a trillion dollars in credit card debt. That’s actually okay
▼ + stars: | 2024-02-25 | by ( Bryan Mena | ) edition.cnn.com time to read: +8 min

Washington, DC CNN —Americans racked up a record amount of credit card debt in 2023, soaring past a trillion dollars. “Consumers still have a lot of money left over to be able to spend, so the credit card data is often misinterpreted,” Russell Price, chief economist at Ameriprise Financial, told CNN. According to a LendingTree analysis of more than 350,000 credit reports, the average unpaid credit card balance was $6,864 in the fourth quarter. Overall, US household debt (including credit card balances) rose to a new high of $17.5 trillion in the fourth quarter, up 1.2% from the prior three-month period. So, while there certainly isn’t a shortage of economic hurdles bedeviling people’s budget — and credit card debt has surged — the big picture indicates that, so far, Americans (and their economy) remain healthy.

Persons: ” Russell Price, Price, haven’t, market’s, ” Gregory Daco, ” Lara Rhame, Laura, Jensen Huang, Christine Lagarde, Virgin, Michael Barr, Raphael Bostic, Susan Collins, John Williams, Papa, Austan Goolsbee, Loretta Mester, fuboTV, Christopher Waller, Mary Daly, Adriana Kugler Organizations: CNN Business, Bell, DC CNN, Workers, New York Fed, Consumers, Ameriprise, CNN, Federal Reserve Bank of New, . New York Fed, Employers, Soaring, FS Investments, Nvidia, Huawei, AMD, Microsoft, Broadcom, US Commerce Department, Central Bank, eBay, Smucker, Urban Outfitters, Global, Board, TJX, Monster Beverage, Baidu, HP, Paramount Global, Anheuser, Busch Inbev, Dell Technologies, Papa John’s, US Labor Department, National Association of Realtors, P, China’s National Bureau, Statistics, Pearson, P Global, Institute for Supply Management, University of Michigan Locations: Washington, Federal Reserve Bank of New York, ., EY, Santa Clara, Singapore, Shenzhen, China, Beijing, CAVA

☆ Spring season will see a significant increase in real estate inventory: Compass CEO Robert Reffkin
▼ + stars: | 2024-02-22 | 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 EmailSpring season will see a significant increase in real estate inventory: Compass CEO Robert ReffkinRobert Reffkin, Compass co-founder and CEO, joins 'Squawk on the Street' to discuss if real estate activity is what Reffkin wants to see heading into spring, Reffkin's thoughts on the 30-year fixed mortgage rate, and if concessions to buyers will dissuade homeowners to sell.

Persons: Robert Reffkin Robert Reffkin, Reffkin

☆ A booming stock market means homebuyers will be more tolerant of high mortgage rates, Compass CEO says
▼ + stars: | 2024-02-22 | by ( Aruni Soni | ) www.businessinsider.com time to read: +2 min

A strong US stock market means homebuyers are more tolerant of high mortgage rates, Compass CEO Robert Refkin said. Mortgage rates have been climbing back up towards 8% after hotter inflation data and delayed Fed rate cuts. But "you don't need 6% mortgage rates when the stock market is at an all-time high," says Refkin. "You don't need 6% mortgage rates when the stock market is at an all-time high," Robert Refkin, Compass CEO said on CNBC on Thursday. Mortgage rates have gone back north of 7% in recent months after tumbling from recent peaks of more than 8% in October.

Persons: Robert Refkin, — Organizations: Service, Compass, CNBC, Federal Reserve, Tech, Nvidia, Meta, Mortgage Bankers Association Locations: Seattle

☆ Rivian employees have to wait overnight to hear if they're being laid off. HR experts say the tactic has few benefits.
▼ + stars: | 2024-02-22 | by ( Shubhangi Goel | Sawdah Bhaimiya | ) www.businessinsider.com time to read: +5 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementKeeping the attention focusedOne HR professional told Business Insider that the staggered announcements might be the company's way of keeping its attention focused. "The benefit is the next day the entire focus of communication and support is dedicated to the separating employees," Varelas told BI. Drawbacks to making employees wait overnight to hear if they've been laid offHowever, it is a less than ideal way to conduct layoffs because it worries both retained and separated employees, Varelas said.

Persons: —, RJ Scaringe, Elaine Varelas, Varelas, Rob Smedley, Freeths, Smedley, they'd, they've, Gearalt Fahy, Womble Bond Dickinson, Fahy, Michael Doolin, Dooley, Rivian Organizations: Service, Business, Keystone Partners, Google, Clover Locations: Southern California

Justice Department prosecutors had recommended sentencing McGonigal to a prison term of two years and six months for the Washington case alone. McGonigal was scheduled to report to prison next month to begin serving his sentence in the New York case. McGonigal was separately charged with concealing his ties to the former Albanian official, a naturalized U.S. citizen who was living in New Jersey. McGonigal pleaded guilty last September to concealing material facts, a charge punishable by a maximum prison sentence of five years. McGonigal didn't need more prison time beyond his 50-month sentence in New York “to serve the ends of justice,” Ducharme argued.

Persons: —, Charles McGonigal, Colleen Kollar, McGonigal, ”, Kollar, “, Oleg Deripaska, didn't, McGonigle, Elizabeth Aloi, Seth Ducharme, ” Ducharme Organizations: WASHINGTON, FBI, U.S, Justice Department, Albanian Locations: New York, U.S, Albanian, Washington ,, Washington, Russia, Crimea, New Jersey, Albania, Russian, Europe

☆ George Santos trolls the Republican representatives who supported his ouster after his vacated seat goes to a Democrat
▼ + stars: | 2024-02-14 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +2 min

Former GOP Rep. George Santos' vacated House seat was flipped to a Democrat in Tuesday's election. Santos trolled the Republican Reps who supported his ouster, blaming them for losing a GOP seat. Santos' seat will be filled by Democrat Tom Suozzi, shrinking the Republican majority in the House. Santos' former seat will be filled by Democrat Tom Suozzi, shrinking the thin Republican majority in the House. In a separate post, Santos wrote simply "-1," referring to the lost GOP seat.

Persons: George Santos, Santos trolled, Santos, Tom Suozzi, —, Suozzi, Republican Mazi Pilip, Nick LaLota, Anthony D'Esposito, LaLota Organizations: GOP, Republican, Service, Democrat, New, Hermes Locations: Tuesday's, New York, Botox

☆ ‘Moths to a flame’: Insect behavior around light isn’t about attraction, scientists say
▼ + stars: | 2024-02-07 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +7 min

Gaining a better understanding of the impact of artificial light on these winged creatures is crucial as light pollution plays an increasing role in the decline of global insect populations, the researchers wrote. Artificial light confuses nocturnal insectsWhen artificial light does not interfere, nocturnal insects keep their backs pointed toward whatever direction is brightest, which is typically the sky versus the ground. By using insect-scale motion-capture cameras, the researchers determined that the flying insects exhibited three consistent behaviors: orbiting, stalling and inverting. Moths and other insects can become trapped in a disorienting orbit around artificial light sources such as street lamps and porch lights. The new findings could help with conservation by fueling research on how to minimize the effects of light pollution on the insects, Dombroskie said.

Persons: it’s, critters, Samuel Fabian, Sam Fabian “, … It’s, ” Fabian, that’s, ”, Yash Sondhi, Sondhi, Sam Fabian, Fabian, Floyd Shockley, Shockley, ancestrally, “, Jason Dombroskie, Dombroskie Organizations: CNN, Nature Communications, Imperial College London’s, Florida Museum, Florida International University, Smithsonian National Museum of, Cornell, Insect, National Wildlife Foundation Locations: bioengineering, Miami, Washington , DC

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