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☆ Rio Tinto in talks to buy lithium miner Arcadium, sources tell Reuters
▼ + stars: | 2024-10-04 | by ( ) www.cnbc.com time to read: +3 min

Jakob Stausholm, chief executive officer of Rio Tinto Ltd., during a Bloomberg Television interview in New York, US, on Thursday, Sept. 26, 2024. Rio Tinto has been holding talks to buy lithium miner Arcadium , three sources with direct knowledge of the negotiations said, a deal that would make Rio the third-largest producer of the electric vehicle battery metal. An offer is expected to come in the near future, according to the second source. Arcadium and Rio Tinto declined to comment. Arcadium believes it is unlikely Rio will ever be able to develop the Serbian project, the second source said.

Persons: Jakob Stausholm, Arcadium, Rio Organizations: Rio Tinto Ltd, Bloomberg Television, Rio Tinto, Rio, Tesla, BMW, General Motors, U.S, Local Locations: Rio, New York, London, Philadelphia, Albemarle, SQM, Asia, Serbia, Belgrade, Serbian, Argentina

Spruce Pine, North Carolina has no running water or electricity, more than a week after Helene ripped through the town of 2,200. Mines in Spruce Pine produce the world’s purest form of quartz, which plays a central role in chip manufacturing. Now, the town’s exceedingly valuable supply of high-purity quartz is at risk, threatening to cripple the $600 billion global semiconductor industry. “The Spruce Pine community has been hit particularly hard,” Sibelco said in a statement on Sept. 30. For the semiconductor industry, the challenges that any long-term disruption to the Spruce Pine mines would present cannot be overstated, experts say.

Persons: Hurricane Helene, Helene, ” Sibelco, “, ”, Lita Shon, Roy, Spencer Bost, “ it’s, Shon, ” Shon, Dustin Mulvaney, ” Mulvaney Organizations: Mines, Quartz Corp, National Weather Service, Downtown, San Jose State University Locations: Hurricane, Spruce Pine , North Carolina, China, Asia, North Carolina, “, Downtown Spruce

KYIV, Ukraine — Russian troops on Wednesday took charge of the eastern Ukrainian town of Vuhledar, a bastion that had resisted intense attacks since Russia launched its full-scale assault in 2022. Russian Telegram channels, however, published video of troops waving the Russian tricolor flag over shattered buildings. Russia has been using pincer tactics to trap and then constrict Ukrainian strongholds. Russian bloggers said Russia could now try to push towards Velyka Novosilka, just over 20 miles to the west. Russian forces currently control 98.5% of the Luhansk region and 60% of the Donetsk region.

Persons: Vladimir Putin, Ukrainsk, Novosilka Organizations: Russian, 72nd Mechanized Brigade, Facebook, Russian Telegram, Vuhledar, Armed Forces of Locations: KYIV, Ukraine, Ukrainian, Vuhledar, Russia, Donetsk, Luhansk, Moscow, Russian, Kyiv, Crimea, Russia’s Kursk, Pokrovsk, “, Armed Forces of Ukraine

☆ Hurricane Helene hits chip mining town
▼ + stars: | 2024-10-02 | 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 EmailHurricane Helene hits chip mining townCNBC's Megan Cassella joins 'The Exchange' to report on how Hurricane Helene's damage to a western North Carolina town could impact the global semiconductor industry.

Persons: Helene, Megan Cassella Locations: North Carolina

☆ Dockworkers are waging a battle against automation. The rest of us may want to take notes
▼ + stars: | 2024-10-02 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

Here’s the deal: The East Coast port strike is getting a lot of attention for its potential disruption to the economy — which is precisely the point. No dockworkers means no bananas (or whatever), which means no profits for the companies that produce and ship them. While research shows automation has obvious benefits, like lower operating costs and fewer human-related errors, port automation does not, on its own, significantly improve performance, according to a 2018 McKinsey report. But automation anxiety is rapidly spilling over into office work, where managers are adopting AI in the hopes of replacing human work or amplifying production. As Washington Post columnist Heather Long wrote Tuesday, the strike is “an early battle of well-paid workers against advanced automation.

Persons: CNN Business ’, It’s, ”, Dennis Daggett, Mark Felix, Sameera Fazili, Biden, it’s, …, ” Fazili, Heather Long Organizations: CNN Business, New York CNN, Hollywood, McKinsey, International Longshoremen’s Association, Economic, Getty, National Economic Council, Washington Locations: New York, East Coast, China, Singapore, Europe, Port of New York, New Jersey, Long Beach, Los Angeles, AFP

☆ Here are Wednesday's biggest analyst calls: Nvidia, Apple, Tesla, Nike, Meta, Alphabet, Rio Tinto & more
▼ + stars: | 2024-10-02 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

JPMorgan upgrades Parr Pacific to overweight from neutral JPMorgan said the gas exploration and production company has overcorrected. JPMorgan downgrades MercadoLibre to neutral from overweight JPMorgan downgraded the online Latin American marketplace mainly due to valuation. Wells Fargo reiterates Meta as overweight Wells Fargo raised its price target on Meta to $652 per share from $647. JPMorgan upgrades SAIC to overweight from neutral The firm says it sees "profitable growth" for the IT company. Berenberg upgrades Rio Tinto to buy from hold Berenberg says the metals and mining company is a "medium-term diversified winner."

Persons: Roth, DA Davidson, Davidson, PARR, Wolfe, Raymond James downgrades, Raymond James, Guggenheim, Mizuho, it's bullish, tailwinds, Wells, Wells Fargo, Canaccord, Tesla, Berenberg, Baird downgrades Harley, Baird, Harley, Gordon, FANG, Bernstein Organizations: Iren Energy, Industries, JPMorgan, Parr, Northland, TAM, Raymond James downgrades GE, GE, Deutsche Bank, Nike, Absci Corporation, Mizuho, Kodiak, Kodiak Gas Services, Meta, SAIC, IT, Tesla, Mobile, T Bank, Buffalo, Rio Tinto, BHP, Home Depot, Barclays, Diamondback Energy, Nvidia, Apple Locations: OW, Asia, Vegas, Northland, Salesforce, Rio, American

☆ Russia appears to have seized a strategic Ukrainian town after almost 2 years of trying
▼ + stars: | 2024-10-02 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +5 min

Russia appears to have finally seized Vuhledar, a key frontline town in eastern Ukraine. AdvertisementRussia appears to have gained control over a key Ukrainian frontline town, military experts said, as the town's governor described a difficult situation for Ukraine there. Citing open sources and pro-Russian military bloggers, the Institute for the Study of War said that as of Tuesday, "Russian forces likely seized Vuhledar." Russian forces have been seen moving freely about the town and planting flags there, the ISW reported. Advertisement"It is unclear if Russian forces will make rapid gains beyond Vuhledar in the immediate future," the think tank added.

Persons: Vuhledar, —, Vadym Filashkin, Filashkin, Vladimir Putin, Federico Borsari Organizations: Service, Institute for, Kyiv Post, —, Ukrainian Armed Forces, Reuters, Human Rights, Politico, 155th Naval Infantry Brigade, Kyiv Independent, Center for Locations: Russia, Ukraine, Ukrainian, Russian, Vuhledar's, Ukraine's, Donetsk, Kyiv, Moscow, Donetsk Oblast, Vuhledar, Pokrovsk

☆ India has emerged as one of the best global markets for the long haul. Here are the drivers—and how to play the rally
▼ + stars: | 2024-10-02 | by ( Pia Singh | In | ) www.cnbc.com time to read: +7 min

India's recent stock market surge has investors viewing the country as an emerging market poised for long-term outperformance. The India NSE Nifty 50 Index , the country's domestic stock market benchmark, has soared 18.7% this year, hitting record levels. "The data show that, historically, the Indian market has offered robust returns with reduced volatility." Going back to 2015, INDA has seen bigger annual gains and smaller declines than the broader emerging market fund. How to play the Indian market Financials are among investors' favorite spots in India's booming stock market.

Persons: It's, Malcolm Dorson, Dorson, GlobalX, Russell, —, EEM, INDA, Amr Abdel Khalek, Khalek, Jerome Powell, Venugopal Garre, Krishna Mohanraj, You've, Mohanraj Organizations: India NSE, Global, CNBC, U.S, Federal, Fed, Nasdaq, China, MRB Partners, Traders, Barclays, Diamond Hill Capital Management, HDFC Bank, ICICI Bank, Axis Bank, ICICI, HDFC, Whitehaven Coal, Prestige Estates Locations: India, China, Dorson, U.S, Whitehaven

☆ Mining giant Fortescue says it's time to walk away from the 'proven fantasy' of net zero
▼ + stars: | 2024-10-02 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +2 min

Australian mining tycoon Andrew Forrest, founder and executive chairman of Fortescue, says it is time for the world to walk away from the "proven fantasy" of net zero emissions by 2050 and to embrace "real zero" by 2040 instead. Someone with a bit of ticker because the technology is there," he continued. "We know the world can go real zero 2040 and I'm reaching out to the business people and politicians across our planet to say it is time now to walk away from this proven fantasy [of] net zero 2050 and adopt real zero 2040," Forrest said. Net zero refers to the goal of achieving a state of balance between the carbon emitted into the atmosphere and the carbon removed from it. More than 140 countries, including major polluters such as the U.S., India and the European Union, have adopted plans to reach net zero.

Persons: Andrew Forrest, Fortescue, Forrest Organizations: I'm, European Union Locations: U.S, India

☆ Devastation from Hurricane Helene could bring semiconductor chipmaking to a halt
▼ + stars: | 2024-10-02 | by ( Clare Duffy | Dianne Gallagher | ) edition.cnn.com time to read: +7 min

In addition to this, our teams are joining the local taskforces to try to restore the most basic services and bring further supplies to Spruce Pine,” The Quartz Corp said in a statement. The Quartz Corp facility near Spruce Pine, North Carolina, is seen during a CNN flyover of the area on Monday, September 30. And while quartz is abundant around the world, the kind of ultra-high-purity quartz mined in Spruce Pine is not. The Spruce Pine mines provide an estimated 80% to 90% of the world’s high-purity quartz — experts say the exact amount is proprietary and unknown — supplying semiconductor manufacturers like chipmaking giant Taiwan Semiconductor Manufacturing Company. However, Wang said that despite the scale of the devastation in Spruce Pine, there is still reason for optimism.

Persons: Hurricane Helene, Helene, —, ”, Seaver Wang, Spencer Bost, ” Bost, ’ ” Sibelco, “, Sibelco, that’s, Gregory Allen, David Bader, CSIS’s Allen, Wang, ” Wang Organizations: New, New York CNN, Quartz Corp, Breakthrough Institute, Downtown, CNN, Belgian, Wadhwani Center, AI, Technologies, Center for Strategic, International, Taiwan Semiconductor Manufacturing Company, Institute for Data Science, New Jersey Institute of Technology Locations: New York, North Carolina, Hurricane, Spruce Pine, United States, Sibelco, Silicon, Downtown Spruce, Norwegian, Spruce, Spruce Pine , North Carolina, “

Scientists with the National Weather Service and the National Hurricane Center began sounding the alarm as early as Sept. 23. In a YouTube video posted that morning, the National Hurricane Center’s deputy director, Jamie Rhome, described a tropical cyclone that would “briskly develop” into a hurricane. Monday night, the National Weather Service posted on X that heavy rain and powerful wind gusts would hit the Southeast later in the week. “It is not common for the National Weather Service to use words like ‘catastrophic’ to describe forecasts,” Buncombe County Manager Avril Pinder said at a news conference Thursday morning. That has made even apolitical groups like the National Oceanic and Atmospheric Administration (NOAA) and the National Weather Service a target of some Republicans.

Persons: Hurricane Helene, Amanda Wright, Wright, ” Wright, “, Jamie Rhome, David Novak, Avril Pinder, grimly, ” Novak, ”, Mae Creadick, Donald Trump, Helene, ” Trump, Kelli Burns, ” Burns, Chris Gloninger, Gloninger, we’re, ” Gloninger, Asheville ”, ” Ophir Organizations: Hurricane, National Weather Service, National Hurricane Center, NWS, Prediction, Social, NBC News, ”, Oceanic, Atmospheric Administration, NOAA, University of South, University of Buffalo Locations: U.S, Knoxville , Tennessee, Asheville , North Carolina, Florida’s Big Bend, Hurricane, North, Buncombe, Taylor County , Florida, Buncombe County, Asheville, Columbia , South Carolina, ” In Tennessee, University of South Florida, North Carolina, Kings Mountain , North Carolina, Ophir

☆ The woman fighting to save the Philippines’ last rainforests
▼ + stars: | 2024-10-01 | by ( Nell Lewis | John Lewis | ) edition.cnn.com time to read: +5 min

CNN —Palawan, a cluster of islands in the Philippines, is breathtakingly beautiful. According to Global Forest Watch, Palawan had the most tree cover loss in the country between 2001 and 2023. “Our mission is to conserve the Philippines’ last remaining 3% of pristine rainforest through the establishment of national parks,” she says. The island of Palawan is home to much of the Philippines' last remaining pristine rainforest. Duncan A. MurrellNow, their attention has turned to Sultan Peak, a mountain in the southern half of Palawan island, which has no formal protection.

Persons: Karina May Reyes, KM Reyes, ”, Reyes, Duncan A, Murrell, Aubrey Jayne Padilla, ” Reyes Organizations: CNN, Initiative, UNESCO, Global Forest Watch, Sustainability, Philippines ’, CS Locations: Palawan, Philippines, Puerto, Tubbataha, “, Puerto Princesa, Duncan

☆ Stocks making the biggest moves premarket: Ford, Clorox, Boeing, Pinterest and more
▼ + stars: | 2024-10-01 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +3 min

Ford Motor — The automaker jumped 2.3% after Goldman Sachs upgraded shares to buy from neutral. CVS Health – Shares rose 2% after CNBC, citing people familiar with the matter, reported that CVS is working with advisors on a strategic review of its business. Clorox — Shares of the household supplies company rose more than 1.5% after an upgrade to buy from hold at Jefferies. Pinterest — Shares of the online platform added 3.3% after Goldman Sachs added Pinterest to its "Americas Conviction List." Datadog — The cloud analytics company rose 1.7%.

Persons: Goldman Sachs, Raymond James, Ric Prentiss, Clorox, Pinterest, Datadog, Davidson, Oppenheimer, — CNBC's Sean Conlon, Sarah Min, Samantha Subin, Pia Singh, Michelle Fox, Jesse Pound Organizations: Ford, Super, Disney —, CVS, CNBC, Reuters, Anheuser Busch InBev, Citi, Anheuser, Busch, Jefferies, Boeing, Bloomberg, Alcoa, Bank of America

☆ 5 energy stocks that will get a boost from ballooning electric demand
▼ + stars: | 2024-10-01 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

US electric demand is rising, fueled by everything from data centers to electrified transportation, says BofA. AdvertisementWith resources flooding into infrastructure and tech, US electric demand is charging up. Sempra will rise 13% based on the bank's $94 share target. Northwestern Energy could similarly jump over 13% to reach a $65 price target, Bofa says. TXNM Energy is set to increase 10% from current levels, reaching a price target of $48 per share.

Persons: —, Entergy, Goldman Sachs Organizations: Service, Bank of America, Northwestern Energy, Pinnacle, TXNM Locations: Texas, Montana

☆ Silicon Valley has a plan to save humanity: Just flip on the nuclear reactors
▼ + stars: | 2024-10-01 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

No, the tech that’s going to save humanity will be powered by the tech that very nearly destroyed it. The tech industry’s solution, for now, is nuclear energy, which is more stable than wind or solar and is virtually carbon-emission-free. Amazon is working on putting a data center campus right on the site of a Talen Energy nuclear power plant in Northeast Pennsylvania. And while AI doomer predictions often get brushed off as alarmist forecasts, you can’t as readily dismiss the folks who are concerned about nuclear energy. Bottom line: There’s no AI future without a serious uptick in our power supply, which makes the expansion of nuclear power practically unavoidable.

Persons: CNN Business ’, Sam Altman, Peter Thiel, Anna Erickson, ” Organizations: CNN Business, New York CNN, Nvidia, International Energy Agency, JPMorgan, Microsoft, Energy, Financial Times, Founders Fund, Georgia Tech, Big Locations: New York, Harrisburg , Pennsylvania, Northeast Pennsylvania, Idaho, Big Tech

☆ How this unique business model is setting new standards in crypto asset management
▼ + stars: | 2024-10-01 | by ( Sponsor Post | ) www.businessinsider.com time to read: +4 min

Matrixport has created a crypto financial service hub that emphasizes investor success. The all-in-one crypto financial hubOne such case is Matrixport, a Singapore-based crypto asset management platform marketing itself as the "world's leading all-in-one crypto financial service hub," is outpacing traditional crypto exchanges and crypto asset management platforms. It puts investors first and creates an entry-level crypto ecosystem delivering access to integrated products and services, like crypto asset trading, investment, loans, custody, RWA, research, and more. What truly sets Matrixport apart from crypto exchanges is its business model. Founded in 2019, Matrixport manages crypto assets worth more than $10 billion and sees monthly trading volumes exceeding $5 billion.

Persons: Matrixport, Jihan Wu, Bitmain Organizations: Traders, Tech, Invest, Insider Studios, Matrixport, Business Locations: Solana, Singapore, Asia, Hong Kong, Switzerland

☆ Hurricane Helene's devastation has blocked access to a one-of-a-kind mine for AI chips
▼ + stars: | 2024-09-30 | by ( Tom Carter | Geoff Weiss | ) www.businessinsider.com time to read: +5 min

Hurricane Helene tore through North Carolina over the weekend, causing widespread devastation. Spruce Pine was hit with over 2 feet of rain between Tuesday and Saturday, The Associated Press said. The two firms play a huge role in the global supply chain that ultimately ends in smartphones and powering cutting-edge AI systems. "The quartz in Spruce Pine formed deep in the Earth without a lot of water carrying in other impurities," Yinan Wang, a geologist, said. That's because the Spruce Pine mines are singular in their scale, he said.

Persons: Helene, —, Hurricane Helene, Ed Conway, we've, Yinan Wang, Conway, Seaver Wang, Wang Organizations: Service, Associated Press, Pine Police Department, ., Quartz Corp, Sky News, Breakthrough Institute Locations: North Carolina, Spruce, Spruce Pine, Western North Carolina, Mitchell County, Pine

☆ Here’s why Japan’s stocks are plunging after Shigeru Ishiba’s win
▼ + stars: | 2024-09-30 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

Japan's August retail sales climbed 2.8% year on year, beating Reuters poll estimates of a 2.3% rise, and up from a revised 2.7% rise in July. Ishida had beaten Economic Security Minister Sanae Takaichi in the final round of the Liberal Democratic Party election on Friday, sending the yen into a volatile session. A higher interest rate typically strengthens the yen and puts pressure on Japanese stock markets, which are heavily weighted by exporters. Chinese rally puts pressureThe Nikkei's decline on Monday also comes at a time when China's markets have been surging. Stock Chart Icon Stock chart icon

Persons: Shigeru Ishiba, Ishida, Sanae Takaichi, Ryota Abe, Takaichi, Ishiba, Abe, Steven Glass, CNBC's Organizations: Economic, Liberal Democratic Party, Bank of Japan, Sumitomo Mitsui Banking Corporation, CNBC, Bank of, Pella Funds Management, CSI Locations: Tokyo, Japan, Pella, Hong

☆ A millennial couple details how they went from $150,000 in debt to a net worth of $1.5 million in a decade without elite jobs or risky investments
▼ + stars: | 2024-09-30 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +8 min

Lawrence Delva-Gonzalez and his wife went from being $150,000 in debt to having a net worth of $1.5 million. AdvertisementLawrence Delva-Gonzalez, 41, was $150,000 in debt in 2012, working a job that paid $27,000 a year. A little over a decade later, he and his wife grew their net worth to over $1.5 million. By 2017, the two of them could pay down debt to the point of having a net worth of zero. Their net worth grew to over $450,000 in January 2021, over $650,000 in January 2022, over $800,000 in January 2023, and $1.53 million in August 2024, according to his blog The Neighborhood Finance Guy.

Persons: Lawrence Delva, Gonzalez, —, maxed, Delva, Doreen, Finance Guy, hasn't Organizations: Service, FIRE, Florida State University, Marine Corps, Public, Finance Locations: Haiti, Delva, Port, Miami, Black

☆ Mini-moons like the one Earth just captured could be huge business opportunities
▼ + stars: | 2024-09-30 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +6 min

The second moon that Earth has captured in its orbit this month is an asteroid called 2024 PT5. Mini-moons like this could be ideal targets for asteroid mining to send humans deeper into space. Space mining could be huge, since some asteroids are worth more than our entire global economy. Some startups are trying to figure out how to start mining space rocks, and do it in a cost-effective way. "Either if you are thinking about collecting mineral samples for research or starting a space mining venture, mini-moons are your best bet to get your business off the ground," he said.

Persons: —, it's, Carlos de la Fuente Marcos, Elon, Marcos, Teddy Kareta, Mars, Richard Binzel, they're, Kareta Organizations: Service, NASA, Business, Lowell Observatory, JPL, Caltech, ASU, SpaceX, MIT Locations: Mars, Earth's

☆ The one sector of the stock market that is cheap with upside today
▼ + stars: | 2024-09-29 | by ( Karen Firestone | ) www.cnbc.com time to read: +5 min

The table and chart below illustrate some characteristics of the biopharma stocks. The average price/earnings multiple for the group, using 2025 estimates, is 12.7 times versus 20.6 times for the S & P 500. A major knock on the biopharma group is the limited productivity from their extremely expensive research efforts, other than obesity drugs, over the past twenty-five years. The technology using AI might not be ready yet, particularly related to the complex biology of the human body. Complex programs exist already, such as AlphaFold, which predicts the structure of three-dimensional compounds using data on protein sequences.

Persons: Bristol Myers, Amgen, Eli Lilly, Lilly, Johnson Organizations: CNBC, Merck, Pfizer, Novo Nordisk, JPMorgan Locations: Bristol

☆ Morgan Stanley's shopping list for commodity stocks to get a boost from China stimulus
▼ + stars: | 2024-09-27 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

These commodity stocks could win big as China moves to boost its struggling real estate sector and economy, according to Morgan Stanley. Morgan Stanley's team believe these measures display a heightened "sense of urgency" and signal that China is "taking deflation seriously." Against this backdrop, the firm sees a positive setup for metals and mining stocks that have underperformed the S & P 500 by 25 percentage points since May. Here are some of the names that could benefit from China's stimulus: Within the mining sector, Morgan Stanley names Freeport-McMoRan and Alcoa among its top picks, with shares up about 22% and 17%, respectively, this year. Analysts view U.S. Steel as one of the biggest beneficiaries from a China stimulus along with shares of Nucor .

Persons: Morgan Stanley, Morgan Stanley's, Stephen Cheung, Carlos De Alba, Biden Organizations: Alcoa, Vale SA, Steel, . Steel, Japan's Nippon Steel, NBC Locations: China, Freeport, McMoRan, Indonesia, Nucor .

☆ 3 market experts share the 8 companies that will profit the most from AI's insatiable energy appetite
▼ + stars: | 2024-09-26 | by ( Christine Ji | ) www.businessinsider.com time to read: +6 min

Moody's estimates that between 2023 and 2028, the electricity usage in data centers will grow 43% yearly. That's not including the energy-intensive process of constructing even more data centers, which Big Tech is scrambling to do. Business Insider spoke with three market experts to get their thoughts on what companies are best positioned to succeed as AI's appetite for energy strains existing infrastructure. Baker is betting on the utilities and cooling solutions providers that service the energy needs of data centers. New infrastructure needs to be built out, and the existing infrastructure needs to be bolstered, according to Wilhelmus.

Persons: —, Mark Zuckerberg, Jennifer Foster, Foster, Graeme Baker, Baker, Schneider, Jakob Wilhelmus, Wilhelmus, Eaton Organizations: Service, Business, Big Tech, Chilton Investment Company, Broadcom, Marvell Technology, IBM, Schneider, Trane Technologies Locations: Virginia, Freeport, McMoRan

☆ Veteran investor Dietze names the sectors — and stocks — he likes right now
▼ + stars: | 2024-09-26 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

Favorable valuations Small-cap stocks are one area Dietze is watching closely, given that they are trading at a "discount." Interest in small-cap stocks picked up in July and while the outlook has been mixed, he likes that "valuations are favorable" right now. Emerging markets Another popular segment Dietze is focusing on is emerging markets, thanks to the potential from their rapidly growing population numbers. Countries classified as emerging markets include China, India, South Korea, Taiwan and Brazil. Year-to-date, the MSCI Emerging Markets Index is up 0.56%.

Persons: Dow Jones, David Dietze, CNBC's, Dietze's, Russell, Jerome, Dietze, Hershey, —, Jesse Pound Organizations: U.S, U.S . Federal, mull, Dow, Nasdaq, Federal, CNBC, Myers Squibb, BHP Group Locations: U.S ., U.S, China, India, South Korea, Taiwan, Brazil, Bristol

The videos from Saudi Arabia’s futuristic urban development project spread quickly across the internet, and almost as quickly started to disappear. A handful of smaller accounts within this small community of Neom-based content creators remain active, with their videos still viewable. NEOM/Cover-Images.com via Reuters fileThe spokesperson said the latest marketing campaign was about Saudi National Day and was shared to LinkedIn last week. On Thursday last week, at least four other Neom-based content creators suddenly went dark, though one account seemed to reactivate later that day. In many ways, according to researchers, Neom is tied to Saudi Arabia’s efforts to reshape its reputation on the global stage.

Persons: Prince Mohammed bin Salman, expats, Neom —, Neom, influencers, Jessica Herman, ” Herman, Ellen Wald, ”, “, ” Wald, TikTok, Hend Aly, Prince Mohammed, ” Aly, Wald, Aly, —, Jamal Khashoggi Organizations: Saudi, LinkedIn, ”, NBC News, Inc, University College London, BBC, Washington Post Locations: Saudi, Neom, Saudi Arabia, United States, Europe

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