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☆ 'Insanity upside potential': A hedge fund manager up 734% since the start of 2019 highlights the best investing opportunity he's ever seen — and explains why the remarkable oil rally will gain steam
▼ + stars: | 2023-09-19 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Renewed optimism about the economy calmed demand concerns while expectations of the largest oil production cuts since 2007 started to sap supply. Saudi Arabia and its OPEC allies refuse to boost oil production, much to the chagrin of the US. And so that's why I think it's just really, really interesting. Boosting uranium production takes years, he added, so it may take years to fix the shortage. Oil-adjacent stocks are the second-largest part of the Praetorian Capital Fund, Kupperman said.

Persons: Harris Kupperman, Kupperman, it's, I've Organizations: Energy, OPEC, Praetorian Capital Management, Capital Fund, Uranium Trust Fund, Praetorian Capital Fund, drillers, Offshore Locations: Saudi Arabia, Kazakhstan, Uzbekistan, Russia, Ukraine

☆ America is stuck in a greased-pig economy
▼ + stars: | 2023-09-19 | by ( Linette Lopez | ) www.businessinsider.com time to read: +10 min

At the same time that prices were cooling off, the rest of the economy seemed to be holding up. And consumers were so intent on spending money to have a good time that cities let Beyoncé dictate public transit. In this greased-pig economy, stability depends on how confident investors and policymakers are that they're close to catching the pig. Moving in a messIn the messy economy the pandemic left us, it's not easy to pinpoint exactly why inflation has been so stubborn. CPI inflation peaked at 9% in June 2022 and has been going down steadily since.

Persons: it's, Jerome Powell, Mike Konczal, Konczal, we've, Price, proclivity, that's, Taylor Swift, we'd, Charles Evans, Christine Lagarde, Morgan, Jamie Dimon, Roosevelt, —, you've, Justin Simon, Jasper Capital, Linette Lopez Organizations: Consumers, Federal, Roosevelt Institute, Fed, Chicago Fed, European Central Bank, Census Locations: American, America, Jasper

The Shenzhen-based company has not explained exactly how seven-nanometer chips ended up in the new Mate 60 Pro smartphone series. Analysts estimate deliveries of the Mate 60 Pro could top 5 million this year. Follow @KatrinaHamlin on XCONTEXT NEWSHuawei started preselling its Mate 60 Pro+ smartphone alongside a new foldable phone in September. The Chinese company started selling its high-end smartphones Mate 60 and Mate 60 Pro at the end of August. The Huawei Mate 60 Pro contained a 7-nanometer processor that was made in China by Semiconductor Manufacturing International Corp, according to analysts at TechInsights.

Persons: TSMC, TechInsights, Una Galani, Thomas Shum Organizations: Reuters, TechInsights, Kirin, Manufacturing International Corp, HK, Washington, SK Hynix, Huawei, TSMC, Semiconductor Manufacturing International Corp, SK, South, Bloomberg, Thomson Locations: HONG KONG, China, Shenzhen, Beijing

☆ Michael Wolff’s juicy book on Fox News is set to hit shelves. Here’s why readers should be cautious when diving into it
▼ + stars: | 2023-09-19 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

In the forthcoming book, a copy of which CNN obtained in advance of its release, Wolff makes a number of shocking and explosive claims. Suzanne Scott feared she would lose her job as chief executive of Fox News amid the Dominion lawsuit, he reports. And Fox sources tell me that Wolff made no attempt to fact check his book with either Fox News or its parent company, Fox Corporation. With Fox News, where an author might be basing major claims using less-than-reliable sources, the risks are more pronounced, making such reporting efforts even more paramount. Fox News, for its part, is choosing not to respond to the specific claims Wolff makes in the book.

Persons: Michael Wolff, Murdoch, ”, Wolff, Rupert Murdoch, Sean Hannity, Suzanne Scott, Critics, Walter Isaacson, Elon Musk, Isaacson, Musk, Bret Baier, Jesse Watters, “, ” Wolff, Murdoch’s, ‘ Organizations: CNN, Fox News, Dominion, Elon, Eastern, Musk, Washington Post, Fox Corporation Locations: Manhattan’s Greenwich, Russian, Crimea

☆ Hot inflation data helps lift Canadian dollar to 6-week high
▼ + stars: | 2023-09-19 | by ( Fergal Smith | ) www.reuters.com time to read: +2 min

A Canadian dollar coin, commonly known as the "Loonie", is pictured in this illustration picture taken in Toronto, January 23, 2015. The Canadian dollar was trading 0.3% higher at 1.3440 to the greenback, or 74.40 U.S. cents, after touching its strongest intraday level since Aug. 10 at 1.3383. Canada's annual inflation rate in August jumped to 4.0% from 3.3% in July on higher gasoline prices. "The oversold nature of the Canadian dollar going into the release suggests that exchange rate gains could be generated in the shorter term." Speculators have raised their bearish bets on the Canadian dollar to the highest since May, data from the U.S. Commodity Futures Trading Commission showed on Friday.

Persons: Mark Blinch, Karl Schamotta, Sharon Kozicki, Fergal Smith, Nick Zieminski, Sandra Maler Organizations: REUTERS, greenback, Canadian, U.S, Bank of Canada, Reuters, Bank of Canada's, U.S . Commodity Futures Trading, BoC, Thomson Locations: Toronto, TORONTO, Canadian

☆ YouTube halts Russell Brand channel revenues after sexual assault allegations
▼ + stars: | 2023-09-19 | by ( Jenni Reid | ) www.cnbc.com time to read: +3 min

Russell Brand leaves the Troubabour Wembley Park theatre in north-west London after performing a comedy set on Saturday September 16, 2023. YouTube said Tuesday it had suspended monetization on the channel of actor and comedian Russell Brand, who faces multiple allegations of sexual assault. Brand, who has predominantly exited mainstream media to become an internet commentator in recent years, has 6.61 million subscribers on his main YouTube channel. His other smaller channels include Football is Nice, Awakening With Russell and Stay Free With Russell Brand. "If a creator's off-platform behaviour harms our users, employees or ecosystem, we take action," the YouTube spokesperson said.

Persons: Russell Brand, Brand, Russell, David Dobrik, James Charles, X Organizations: YouTube, Brand, Twitter, U.K, Sunday Times, CNBC, London's Metropolitan Police, Metropolitan Police Locations: London, Los Angeles, Soho

☆ London fashion designer apologizes after Saudi-flag miniskirt controversy
▼ + stars: | 2023-09-18 | by ( Aimee Look | ) edition.cnn.com time to read: +2 min

Dubai, UAE CNN —London-based Nigerian fashion designer Mowalola Ogunlesi has apologized after stirring a backlash online for showcasing a miniskirt with a print of the Saudi Arabian flag in her Spring 2024 collection at London Fashion Week on Friday. The Mowalola collection contained various flags as miniskirts, including those of China, the UK and Japan. The Saudi flag is not typically printed on clothing out of respect for the holy inscription. The Saudi flag is never flown at half-staff at times of national mourning anywhere in the world. Users on X criticized the design in posts and comments, calling it “disrespectful” and “offensive.”This miniskirt isn’t the first time Mowalola has used religious symbols in designs.

Persons: Mowalola Ogunlesi, Mohammed, ”, FarFetch, Ogunlesi, “, I’ve, ” Ogunlesi, Mowalola Organizations: UAE CNN —, London, Saudi, Saudi Ministry, Commerce Locations: Dubai, UAE, UAE CNN — London, Saudi Arabian, China, Japan, Saudi, Saudi Arabia

☆ An About-Face on Whether the 14th Amendment Bars Trump From Office
▼ + stars: | 2023-09-18 | by ( Adam Liptak | More About Adam Liptak | ) www.nytimes.com time to read: 1 min

A little more than a month ago, a law professor who helped found the Federalist Society, the conservative legal group, enthusiastically endorsed a new law review article arguing that Donald J. Trump was ineligible to be president. The article was “a tour de force,” the professor, Steven G. Calabresi, told me. It demonstrated, he said, that Mr. Trump was subject to a provision of the Constitution that bars some officials who have engaged in insurrection from holding government office. “Trump is ineligible to be on the ballot, and each of the 50 state secretaries of state has an obligation to print ballots without his name on them,” said Professor Calabresi, who teaches at Northwestern University. He appeared to be offering considered views, and he elaborated on them in a blog post titled “Trump Is Disqualified From Being on Any Election Ballots.”

Persons: Donald J, Trump, Steven G, Calabresi, “ Trump, ” Organizations: Federalist Society, Northwestern University

☆ Here are Monday's biggest analyst calls: Arm, Carvana, Disney, Apple, Tesla, Skechers, Netflix & more
▼ + stars: | 2023-09-18 | by ( Michael Bloom | ) www.cnbc.com time to read: +10 min

Piper Sandler upgrades Skechers to overweight from neutral Piper said in its upgrade of the stock that it likes its balance sheet. Goldman Sachs reiterates Tesla as neutral Goldman cut its estimates on the stock and says it sees pricing heading lower. Mizuho upgrades DoorDash to buy from neutral Mizuho said in its upgrade of DoorDash that it's deserving of a re-rating. Wedbush upgrades Carvana to neutral from underperform Wedbush said in its upgrade of the stock that it sees profitability upside. Raymond James initiates Disney as outperform Raymond James said in its initiation of Disney that the stock is compelling.

Persons: TD Cowen, TENB, Piper Sandler, Piper, Goldman Sachs, Tesla, Goldman, Wells, Wedbush, Evercore, Raymond James, Ralph Lauren, Guggenheim, Morgan Stanley, Atkins, Bernstein, ASGN, underperform Bernstein, it's, YoY Organizations: Tenable Holdings, TAM, Tesla, Apple, Netflix, Northland, Mizuho, HSBC, Deutsche Bank, Micron, Deutsche, Barclays, Alliant Energy, EV, UBS, BioMarin Pharmaceutical, Iridium, NASDAQ, Disney, Bank of America, of America, Nvidia, Nike, NKE's 1Q, PayPal, Moffett Locations: Europe, Wisconsin, Iowa, US, Swedish, 2Q23

☆ Burberry's London runway show dominated by padded bags and blue-soled heels
▼ + stars: | 2023-09-18 | by ( Suban Abdulla | ) www.reuters.com time to read: +3 min

[1/4] Models present creations at the Burberry catwalk show during London Fashion Week in London, Britain, September 18, 2023. REUTERS/Hollie Adams Acquire Licensing RightsLONDON, Sept 18 (Reuters) - Burberry's (BRBY.L) Daniel Lee on Monday unveiled new accessories and a colourful take on British heritage in his second collection showing at London Fashion Week. The 37-year-old creative director's spring-summer 2024 collection, a highlight of London Fashion Week, introduced interlink chain prints and a new vibrant "Knight Blue" colour. Silhouettes on Monday's catwalk were elongated and accessorised with padded bags in khaki as well as leather structured bags in red, white and green. The designer is tasked with expanding Burberry's leather goods and accessories offerings.

Persons: Hollie Adams, Daniel Lee, Lee, Bradford, Jonathan Akeroyd's, Riccardo Tisci, Edward Enninful, Jodie Comer, Kylie Minogue, Naomi Campbell, Suban Abdulla, William Maclean Organizations: Burberry, London, REUTERS, Monday, London Fashion, Bond, Vogue, Arsenal, England, Bukayo, Thomson Locations: London, Britain, Highbury Fields, North London

☆ The No. 1 piece of side hustle advice, from 2 moms who make thousands in passive income
▼ + stars: | 2023-09-17 | by ( Gili Malinsky | ) www.cnbc.com time to read: +1 min

These days, there are countless ways to make money outside of your day job. You can walk dogs, rent out your place on Airbnb and even help someone land dates online. One particular side hustle that could be fairly easy to pick up and help you earn thousands of dollars in passive income is selling printables online. that you upload to online stores like Etsy and Shopify and sell. And when it comes to diving in, experts have one piece of advice: "Do it with other people," says Julie Berninger, Etsy printables seller with her very own course on the hustle.

Persons: Julie Berninger, Etsy

☆ The market's heaviest hitters are sounding the alarm on US debt
▼ + stars: | 2023-09-16 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

Three market experts have cited concern that growing US debt will send interest rates up. US debt supply will only grow, as a recession would expand the federal deficit, Jeffrey Gundlach added. The warnings come as federal deficits have exploded in recent years, sharply elevating the trajectory of US debt. AdvertisementAdvertisementThough interest rate gains would help drive demand for bonds, they make debt servicing more costly. Bill GrossThe "bond king" who drove Pimco's fixed-income success had similar apprehensions about the debt market.

Persons: Ray Dalio, Bill Gross, Jeffrey Gundlach, Dalio, Pimco's, Gross, I'm, Gundlach Organizations: Service, Treasury Department, Federal Reserve, Wall Street, Bridgewater Associates, Milken Institute Asia Summit, Treasury, Fox Business Locations: Wall, Silicon, Singapore

☆ Vogue World: Stars flock to Britain’s answer to the Met Gala
▼ + stars: | 2023-09-15 | by ( Nicole Mowbray | ) edition.cnn.com time to read: +6 min

London, UK CNN —It was billed as Britain’s answer to the Met Gala, and last night’s inaugural “Vogue World” at the Theatre Royal on London’s Drury Lane didn’t disappoint. Vianney Le Caer/Invision/APActress and singer Dove Cameron went back to the future in a shiny silver suit and matching bikini top. Vianney Le Caer/Invision/Vianney Le Caer/Invision/APThe late Queen Elizabeth II's granddaughter, Princess Eugenie, looked elegant in an emerald silk dress by Fendi. Vianney Le Caer/Invision/APKate Winslet went for casual chic in a loose-fit two-piece white suit with a beige bustier underneath. Vianney Le Caer/Invision/APRita Ora arrived in a black Alaïa mermaid gown sourced from eBay.

Persons: Lane didn’t, Anna Wintour, Edward Enninful —, Sienna Miller, Miller, Beatrice, Eugenie, Richard Quinn, Fendi, Yui Mok, Sadiq Khan, Baz Luhrmann, Kate Winslet, Jared Leto, Jodie Turner Smith, Maisie Williams, Stella McCartney, Christopher Kane, Victoria Beckham, Olivier, Stephen Daldry, John Galliano, Kate Moss, Hongni Wu, Rambert, Stormzy, Sophie Okonedo, Damien Lewis, Cush Jumbo, James Corden, Damian Lewis, James McAvoy, “, Annie Lennox, Naomi Campbell, Cindy Crawford, Linda Evangelista, Christy Turlington, Mike Marsland, AJ Odudu, Robert Wun, Vianney Le Caer, Dove Cameron, Queen Elizabeth II's, Princess Eugenie, Fendi . Vianney Le Caer, Princess Beatrice, David M, Alison Mosshart, Alexa Chung, Nicklas Skovgaard, Anna Shaffer, David Fisher, Carrie Mulligan, Henry Nicholls, Jenna Coleman, Peter Pan, May Jagger, Jerry Hall, Mick Jagger, Vivienne Westwood, Tom Daley, Gemma Chan, Louis Vuitton, Rita Ora, Hollie Adams Organizations: UK CNN, Theatre Royal, US, British Vogue, London, London’s, BAFTA, National Theatre, Royal Opera House, Royal Ballet, Southbank Sinfonia, Rambert, Getty, Rodarte’s, MTV, Model, eBay, Reuters Locations: London, UK, British, Invision, AFP

☆ Top 10 things to watch in the stock market Friday
▼ + stars: | 2023-09-15 | by ( Zev Fima | ) www.cnbc.com time to read: +3 min

Adobe (ADBE) is seeing a slew of price target hikes on the back of a very good fiscal third report. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Stellantis, Morgan Stanley, Moffett Nathanson, Estee Lauder, Jim Cramer's, Jim Cramer, Jim Organizations: Dow, Nasdaq, Adobe, The United Auto Workers, General Motors, Chrysler, Ford, UAW, NYSE, Barclays, Club, Microsoft, Oracle, HSBC, Jim Cramer's Charitable, CNBC Locations: what's

☆ Erik Aschengreen, 88, Dies; Historian and Critic Illuminated Danish Dance
▼ + stars: | 2023-09-15 | by ( Alastair Macaulay | More About Alastair Macaulay | ) www.nytimes.com time to read: +2 min

The 1979, 1992, and 2005 festivals of Bournonville’s ballets flooded the Royal Danish Theater in Copenhagen with dance authorities from many countries. Mr. Aschengreen did much to welcome, entertain and enlighten them as a spokesman at many presentations by the Danish company. From 1964 to 2005 Mr. Aschengreen was the dance critic for the Copenhagen-based Berlingske Tidende (now known simply as Berlingske), one of the world’s oldest newspapers still in print. He also taught ballet history at the Royal Danish Ballet School from 1971 to 1993 and dance history at the Danish School of Contemporary Dance from its founding in 1990. He traveled extensively to see international dance and to investigate dance education.

Persons: Erik Bruhn, Peter Martins, Ib Andersen, Nikolaj Hübbe, August Bournonville, Aschengreen, ”, Alexei Ratmansky, Marina Harss, Ratmansky Organizations: Royal Danish Ballet, Royal Danish Theater, New York City Ballet, Berlingske Tidende, University of Copenhagen, Royal Danish Ballet School, Danish School of Contemporary Locations: Danish, America, Denmark, United States, Copenhagen, Ukrainian American

☆ The delayed effect of mortgage rates means housing affordability is actually about to get worse
▼ + stars: | 2023-09-15 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Housing affordability is about to get even worse, thanks to the delayed impact of mortgage rates. In addition, some housing data come out with a two-month delay, they said on a podcast. That means that the spike in mortgage rates last month, when they hit the highest level since 2001, will take time to show up in purchases. Other experts have said affordability is unlikely to improve until mortgage rates dial back more significantly, which probably won't be happening anytime soon. Markets are expecting the Fed to keep interest rates elevated through the rest of the year as they monitor inflation, which could influence mortgage rates to stay elevated as well.

Persons: Morgan Stanley, That's, it's, Morgan Stanley's Jim Egan, " Egan Organizations: Service Locations: Wall, Silicon

☆ Recent arrests suggest Putin is quietly trying to rein in some of his most effective promoters of the war in Ukraine
▼ + stars: | 2023-09-15 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

The Putin regime has leaned heavily on propaganda to rally support for its war in Ukraine. In doing so, it has come to rely on military bloggers to spread its message and back its efforts. Milbloggers also have become an indispensable tool for Western governments, think tanks, and media to track the Russian war effort. But the relationship between Putin and milbloggers illustrates the complexities of social media in an authoritarian state. Many milbloggers are ultra-nationalists with deep ties to the Russian military and intelligence agencies.

Persons: Putin, Vladimir Putin's, —, Donald Jensen, Angel Howard, Milblogs, aren't, Milbloggers, DOMINIQUE FAGET, It's, Ramzan Kadyrov, milbloggers, Jensen, Howard, Igor Girkin, Girkin, Andrey Kurshin, Maxim Shemetov, Russia's, Michael Peck Organizations: Service, Kyiv Independent, Getty, REUTERS, Putin's, Kremlin, Defense, Foreign Policy, Twitter, LinkedIn Locations: Ukraine, Wall, Silicon, Kyiv, Russian, Makiivka, Donetsk, AFP, British, Ukrainian, Mariupol, Moscow, Russia, Forbes

☆ A Japanese company has 3D printed a 530-square-foot concrete tiny home for the price of a car — see how it was built
▼ + stars: | 2023-09-14 | by ( Brittany Chang | ) www.businessinsider.com time to read: +1 min

A Japanese company has constructed a prototype 3D-printed tiny home for about $37,300. Proponents of the construction tech say printers can cut the time, materials, labor, and cost needed to build a home. But in Japan, a startup has brought the cost of a new home down to that of a new car. The burgeoning 3D printing construction tech is quickly making its way across the real estate and home construction industry in the US. And on the East Coast, the University of Maine has figured out how to 3D-print a fully recyclable tiny home using wood waste.

Organizations: Service, University of Maine Locations: Wall, Silicon, Japan, In Texas, East Coast

☆ Avallone: Bond yields will level out in the near-term, which will benefit stocks
▼ + stars: | 2023-09-14 | 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 EmailAvallone: Bond yields will level out in the near-term, which will benefit stocksMark Avallone, President at Potomac Wealth Advisors, discusses the August CPI print, stocks vs. bonds, and his take on financials.

Persons: Avallone Organizations: Potomac Wealth Advisors

☆ Morning Bid: Retail sales and a call to Arm
▼ + stars: | 2023-09-14 | by ( ) www.reuters.com time to read: +3 min

A sharply lower number might be seen by markets as giving confidence to the Federal Reserve that its work is done. Consumer inflation data on Wednesday - the most important scheduled release of the week - did little to change expectations the Fed will not rates interest rates at next week's meeting. Thursday's main event globally is the ECB rate decision. Ahead of the decision the euro was up a touch against the dollar, but near a three month low at $1.0739. Chinese auto makers' shares fell on the news of the European probe, as did European car makers after the Chinese response.

Persons: Kate Masters, Alun John, you've, Toby Chopra Organizations: company's Herald, REUTERS, Central Bank, Federal Reserve, European Commission, Arm Holdings, Reuters, Thomson Locations: Macy's, company's, New York City, U.S, Thursday's, Europe, Beijing, European

☆ Carriers Are Offering Great iPhone 15 Deals—Just Beware the Fine Print
▼ + stars: | 2023-09-13 | by ( Nicole Nguyen | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/tech/personal-tech/carriers-are-offering-great-iphone-15-dealsjust-beware-the-fine-print-3950a84f

Persons: Dow Jones

Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26, 2020. REUTERS/Mike Segar/File Photo Acquire Licensing RightsSummaryCompanies Spirit Airlines slips on revenue outlook cutFord rises on plans to double production of pickup trucksConsumer prices data due at 8:30 a.m. ETFutures down: Dow 0.12%, S&P 0.12%, Nasdaq 0.15%Sept 13 (Reuters) - U.S. stock index futures inched lower on Wednesday as higher oil prices fuel worries about sticky inflation and stoke interest-rate concerns ahead of CPI data. "All indications are that higher oil costs are going to influence the headline inflation print. Investors will also closely monitor August producer prices and retail sales data on Thursday ahead of the Fed's Sept. 20 policy decision.

Persons: Mike Segar, Tim Waterer, Li Auto, Ankika Biswas, Shristi, Shubham Batra, Savio D'Souza, Vinay Dwivedi Organizations: Wall, New York Stock Exchange, REUTERS, Spirit Airlines, Dow, Nasdaq, stoke, Labor, KCM, Federal Reserve, Dow e, Apple, Li, European Commission, Sprit Airlines, Moderna, Thomson Locations: Manhattan, New York City , New York, U.S, Xpeng, Bengaluru

☆ 31-year-old mom left her job for a ‘simple and easy’ side hustle—she brings in up to $101,000 a month, works 30 minutes a day
▼ + stars: | 2023-09-13 | by ( Megan Sauer | ) www.cnbc.com time to read: +5 min

It was April 2020, and Johnson had been furloughed from her full-time job as a daycare salesperson, where she made $70,000 per year. Even better, she adds: She spent less than 30 minutes per day on the side hustle, running it entirely on her phone, she says. The following year, she made $90,000 off Etsy and decided to run the online store full-time, she says. Here's how Johnson developed her side hustle, giving herself more free time and turning it into three different income streams. Print-on-demand sellers buy photos of models wearing blank T-shirts, and photoshop their designs on top.

Persons: Cassiy Johnson, Johnson, JollyFamDesigns, Mary Colleen, —, Nonnie, Mimi, Gammy Organizations: CNBC, Walmart, Facebook Locations: Howell , Michigan

☆ This CPI print keeps the Fed on track to end rate hikes, says Morgan Stanley's Seth Carpenter
▼ + stars: | 2023-09-13 | 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 EmailThis CPI print keeps the Fed on track to end rate hikes, says Morgan Stanley's Seth CarpenterBarbara Doran, BD8 Capital Partners CIO and Seth Carpenter, Morgan Stanley Global Chief Economist, joins 'Closing Bell Overtime' to talk Arm's upcoming IPO, today's CPI report, the state of the consumer and more.

Persons: Morgan Stanley's Seth Carpenter Barbara Doran, Seth Carpenter, Morgan Stanley Organizations: BD8 Capital, Morgan Stanley Global, CPI

Versus the June survey, a corn harvested area increase of 774,000 acres in the fall is the largest ever back to at least the mid-1990s. Only 2012's increase of 890,000 acres (0.9%) was larger, though final corn acres usually come in lower than in June (15 of last 20 years). USDA was not the only entity too low on U.S. corn acres this year. The March planting survey came in more than a million acres above the trade estimate, then June corn acres blew out the highest trade guess by more than a million acres, topping the average guess by more than 2 million acres. That is the opposite of what happened in 2021, the last time USDA’s fall area review substantially boosted corn acres.

Persons: NASS, Karen Braun, Sam Holmes Organizations: U.S . Department of Agriculture, USDA's Farm Service Agency, Agricultural Statistics Service, USDA, Analysts, Reuters, Thomson Locations: NAPERVILLE , Illinois, U.S

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