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☆ Goldman Sachs jumps into bitcoin ETFs and one hedge fund gets bullish on miners
▼ + stars: | 2024-08-15 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +3 min

Goldman Sachs went big in the quarter, while rival Morgan Stanley trimmed its crypto holdings. In the period from March through June, Goldman Sachs made its debut in the crypto ETF market, purchasing $418 million worth of bitcoin funds. Up to this point, wealth management businesses have only facilitated trades if customers requested exposure to the new spot crypto funds. The vast majority of the bank's spot bitcoin holdings are now through the iShares trust. HSBC has nearly $3.6 million worth of spot bitcoin holdings, all from the fund issued by Ark 21Shares, UBS has around $300,000 worth of spot bitcoin ETF holdings, and Bank of America has collective holdings of around $5.3 million, mostly from BlackRock and Fidelity.

Persons: Goldman Sachs, Morgan Stanley, Morgan, JP Morgan, Ark 21Shares Organizations: SEC, Wall, JPMorgan, Securities and Exchange Commission, Fidelity, BlackRock, HSBC, UBS, Bank of America Locations: BlackRock's, Grayscale's, BlackRock

☆ Tencent-backed Airwallex hits $500 million annualized sales, aims to get IPO-ready by 2026
▼ + stars: | 2024-08-15 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Airwallex, which was most recently valued at $5.6 billion and is backed by Tencent, has been tipped as one of many prominent fintech IPO candidates. Tencent -backed payments startup Airwallex has reached an annual revenue run rate of $500 million and will look to get ready for an initial public offering by 2026, CEO and co-founder Jack Zhang told CNBC in an exclusive interview. In the Americas region, Airwallex grew its revenue by more than 300% year-over-year, according to figures shared with CNBC. The U.K., Europe, and North America now account for more than 35% of Airwallex's overall transaction volumes, Zhang said. "In 2025, we will prepare everything, and we can decide what to do after 2026," he added.

Persons: Tencent, Jack Zhang, Zhang, Airwallex, it's Organizations: CNBC Locations: Singapore, Europe, North America, Americas, Airwallex

☆ PDX reopening its main new terminal after $2.15 billion renovation
▼ + stars: | 2024-08-14 | by ( Forrest Brown | ) edition.cnn.com time to read: +6 min

At Portland International Airport (PDX), they’ve spent big money aiming to bring the famed Oregon outdoors indoors. The $2.15 billion renovation has several purposes, according to Allison Ferre, media relations manager with the Port of Portland, which runs PDX. What PDX passengers will seeThe airport is attempting to provide an arboreal atmosphere with big trees and a lots of natural sunlight streaming into the overhauled terminal. Ema PeterOne of the first things passengers might notice will be 72 large trees, including black walnut, ficus and olive varieties, disbursed throughout the terminal, Port of Portland said. “PDX is the first and last impression for many of our visitors and the renovation of the main terminal is certain to make it a positive one,” Travel Portland President and CEO Jeff Miller said.

Persons: it’s, they’ve, Allison Ferre, wasn’t, ” Ferre, Ferre, Peter, of, ”, Curtis Robinhold, Celeste Noche, “, Brenda Meade, PDX, There’s, Jeff Miller Organizations: CNN, Pacific, Portland International, Port, TSA, CNN Travel, Mtn, ” Travel Portland Locations: Oregon, Port of Portland, Pacific Northwest, ” Port, Portland, Changi, Singapore, Port, Washington, of Portland, PDX, Portland’s, Coquille

☆ Research shows the ages our metabolism undergoes massive rapid changes
▼ + stars: | 2024-08-14 | by ( Linda Carroll | Linda Carroll Is A Regular Health Contributor To Nbc News. She Is Coauthor Of | The Concussion Crisis | ) www.nbcnews.com time to read: +4 min

For many people, reaching their mid-40s may bring unpleasant signs the body isn’t working as well as it once did. Previous research showed that resting energy use, or metabolic rate, didn’t change from ages 20 to 60. The changes in metabolism affect how the body reacts to alcohol or caffeine, although the health consequences aren’t yet clear. For example, the changes in alcohol metabolism might be because people are drinking more in their mid-40s, Snyder said. “But it will take time to sort out what individual changes mean and how we can tailor medications to those changes.

Persons: ”, Michael Snyder, It’s, Snyder, Josef Coresh, Coresh, Lori Zeltser, ” Zeltser Organizations: Stanford, Center for Genomics, Medicine, Stanford Medicine, NYU Grossman School of Medicine, Columbia University Vagelos College of Physicians and Surgeons Locations: midlife

☆ Dip buyers vindicated as CPI report revives economic 'soft landing' scenario
▼ + stars: | 2024-08-14 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

This is the second day in a row that stocks have reacted with relief to an inflation report. The S & P 500 is now back to where it was just before the disappointing jobs report on Aug. 2. The S & P technology sector ETF (XLK) is also back to levels before the jobs report. The Cboe Volatility Index (VIX) has collapsed to 17 — also where it was just before the jobs report. Despite the growth scare that followed the jobs report, there are no signs of an imminent recession.

Persons: — Organizations: Federal, Treasury, Bloomberg News, Tech, Nvidia, Atlanta Fed Locations: Treasurys

☆ Mosaic buried for thousands of years uncovered by archaeologists
▼ + stars: | 2024-08-14 | by ( Issy Ronald | ) edition.cnn.com time to read: +4 min

CNN —A beautiful, remarkably well-preserved mosaic that was “hidden for thousands of years” has been uncovered by archaeologists in northwestern England. Scutt added that archaeologists can’t be completely sure of its function because they have only had a “glimpse” of it. The mosaic likely dates to the 2nd century. Courtesy English HeritageDiscovering such a mosaic, particularly one that dates back to the early 2nd century, was an unexpected boon for the archaeologists. The monumental building measures 8m wide and is 50m long.

Persons: ”, Scutt, can’t, “ It’s, Roger White, “, White, ” Scutt, Paul Belford, haven’t, ., you’ve, Wroxeter Organizations: CNN, Vianova, English, University of Birmingham, Heritage, Heritage Trust Today Locations: England, Roman City, Roman Britain, Birmingham, Wroxeter, Albion, Historic England, Roman

☆ I quit my Big 4 accounting job to be a full-time entrepreneur. It's useful to have a stable job for as long as you can.
▼ + stars: | 2024-08-14 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +8 min

Macdonald, 32, quit his accounting job at PwC in 2016 to work on ManiLife full-time. I decided to accept a job at PwC, a Big Four accounting company, for a three-year graduate program. When the time came to return to my accounting job in September 2015, I gave up my peanut butter venture and returned to the UK. I had shelved my idea for a peanut butter brand to work at PwCI came up with the idea for ManiLife — my peanut butter company — living in Argentina. Having a stable job helped me get my business off the groundI think I left my PwC job at the right time.

Persons: —, Stu Macdonald, Macdonald, I'd, weren't, didn't, I've, I'm Organizations: Service, Business Locations: Wilmslow , England, PwC, Argentina, Córdoba, British

☆ Reddit's increased reliance on Google traffic has Wall Street anxious to see if visitors sign up
▼ + stars: | 2024-08-14 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +10 min

Reddit calls them logged-out users and, based on some industry estimates, they only monetize at about one-third the rate of logged-in users. The number of logged-out users surpassed logged-in users in the fourth quarter, and the gap has since widened. Logged-in users increased 31% in the second quarter to 42 million, while logged-out users increased at a much more robust rate of 74% to 49.2 million. Alan Gould, managing director at Loop Capital, said Google makes up "the vast majority of the logged-out users." By 2025, Reddit's logged-in users could represent an ARPU of $17.60 compared to $5.90 for logged-out users, Black said, based on the firm's estimates.

Persons: Spencer Platt, Tom Wahlin's, Hacker, Wahlin, we're, Lily Ray, Amsive, Ray, Reddit, Alan Gould, Daniel Konstantinovic, Konstantinovic, Benjamin Black, monetization, they'll, Reddit's, Black, Jen Wong, Wong, Steve Huffman, They'll, Huffman Organizations: New York Stock Exchange, Getty, Aer, Google, U.S, Loop, Deutsche Bank, CNBC, AllGear Digital, YouTube Locations: New York City, U.S, Reddit

☆ Move over dealmakers: Portfolio-company operators are the rising stars of private equity
▼ + stars: | 2024-08-14 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +11 min

Read previewDealmakers have always been the stars of private equity. AdvertisementKevin Desai, partner and private equity sector leader at PwC PWCBut in the current climate, portfolio-operations professionals are gaining esteem. AdvertisementPrivate equity 3.0Rising interest rates nearly two and a half years ago ushered in a new economic reality that hit private equity firms right in the pocket. Since private equity relies on debt to boost returns, the first option is off the table. These people are taking their talents to private equity firms to manage smaller companies using an already proven playbook for technological transformation.

Persons: —, you've, Marc Rowan, Rowan, Kevin Desai, Desai, I've, What's, they're, quants, we've Organizations: Service, Business, PricewaterhouseCoopers, University of Chicago, Walmart, Nike, Harvard Business Locations: dealmaking

☆ Wall Street still loves the ‘Magnificent Seven’
▼ + stars: | 2024-08-14 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

Don't get it twisted: Wall Street's love affair with the "Magnificent Seven" is alive and well. That's a greater gain than what strategists forecast for the S & P 500 as a whole — a gain of 11.9%. This dynamic is seen through the relative outperformance of the equal weighted S & P 500 versus its market cap weighted counterpart. .SPX RSP 1M mountain SPX vs RSP in past month Despite this rotation, Wall Street analysts still believe staying with megacap technology stocks are the better bet. Elsewhere on Wall Street this morning, Stifel upgraded Starbucks to buy from hold after naming Brian Niccol its new CEO.

Persons: Jessica Rabe, DataTrek, Rabe, Stifel, Brian Niccol Organizations: Research, Big Tech, RSP, Wall Street Locations: That's

☆ I've lived in Catalonia for 8 years. There are 5 things tourists should know before traveling to this part of Spain.
▼ + stars: | 2024-08-14 | by ( Nicola Prentis | ) www.businessinsider.com time to read: +6 min

Read previewIf your idea of Spain is eating paella, dancing flamenco, and improving your Spanish, Catalonia might surprise you. The main language in Catalonia is CatalanAlthough Spanish is the most common language and almost everyone is bilingual, Catalan is the main language outside Barcelona. Catalan paella is different from what you find in the rest of the country. Catalan paella is dark brown in color, much more seafood heavy, and never contains vegetables. You'll want to branch out into Catalan winesMany people think of rioja when they think of Spanish wine.

Persons: —, we'd, you'd, Nicola Prentis, There's, paella, Rice, sommelier, Champagne ., it's, Caga, haven't, It's Organizations: Service, Business, Catalans, La, UNESCO Intangible Cultural Heritage Locations: Spain, Catalonia, Barcelona, Madrid, Girona, Catalan, Spanish, Valencia, mayo, Cava, rioja, La Rioja, Priorat, Tarragona, Champagne

☆ One of Europe's biggest low-cost airlines is selling a year of unlimited flights for $550 — but it comes with a whole heap of strings attached
▼ + stars: | 2024-08-14 | by ( Pete Syme | ) www.businessinsider.com time to read: +1 min

Wizz Air is offering customers unlimited flights for a year for 499 euros ($550). The unlimited pass comes with big caveats, namely that you can only book flights three days ahead. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementWizz Air, one of Europe's largest ultra-low-cost carriers, is offering people the chance to buy a year of unlimited flights for 499 euros ($550).

Persons: —, Wizz Organizations: Service, Business Locations: Budapest

☆ Mars is buying the maker of Pringles and Cheez-It for almost $36 billion
▼ + stars: | 2024-08-14 | by ( Lian Kit Wee | ) www.businessinsider.com time to read: +1 min

Mars is buying Kellanova for almost $36 billion, making it one of the largest deals this year. Kellanova's big business is salty snacks including Pringles and Cheez-It. Go to newsletter preferences Thanks for signing up! AdvertisementMars is buying food maker Kellanova for almost $36 billion, including debt, in one of the year's biggest deals, the companies said Wednesday. This story is available exclusively to Business Insider subscribers.

Persons: Mars, —, Eggo waffles Organizations: Service, Reuters, Business

☆ The 'crazy' fix for Google's monopoly that investors are whispering about
▼ + stars: | 2024-08-14 | by ( Alistair Barr | ) www.businessinsider.com time to read: +6 min

The idea is that the US would require Google to make its Search index publicly available for anyone to use. AdvertisementBots and indexesA Search index is created by a bot crawling the web and collecting keywords and other information from sites. Related storiesGoogle's Search index is the biggest in the world. The Search index as part of the public commonsWouldn't this be taking something that belongs to Google, though? In the same way Bing powers DuckDuckGo, Google's open index could power other rival search engines that could offer different approaches to Google's search engine.

Persons: —, It's, wouldn't, it's, Amit Mehta's, Bing, DuckDuckGo Organizations: Service, Justice Department, Business, Google, Rivals, Mobile Virtual Network, Verizon, DOJ

☆ Kamala Harris Has Shed Biden's Economic Record, Could Beat Out Trump
▼ + stars: | 2024-08-14 | by ( Emily Stewart | ) www.businessinsider.com time to read: +12 min

When people say they're concerned about "the economy," it can mean a lot of things — grocery prices, gas prices, housing prices, healthcare. For one thing, it's not clear that voters think Harris, as vice president, has had much involvement in Biden's economic policies. People remember the Trump economy as a better time — interest rates were lower, prices were lower, houses seemed more affordable. AdvertisementThe task for Harris now is to lay out an economic identity and agenda before others beat her to it. The Trump campaign and the GOP are trying to tie her to the negative feelings around the Biden economy, to affordability and inflation.

Persons: Kamala Harris, Joe Biden's, Harris, Kamala, Donald Trump, Bill Clinton's, Jim Carville, —, it's, Biden, Trump, Harris — Trump, Evan Roth Smith, Smith, Eli Yokley, Mark Zandi, Tim Walz, Minnesota, Yokley, Whit Ayres, Donald Trump's, she's, He's, Bharat Ramamurti, Emily Stewart Organizations: Democratic, Republican, Financial Times, University of Michigan's Ross School of Business, Trump, Biden, Lake Research Partners, Democrat, Voters, Morning, Federal, Moody's, House, Democrats, National Economic, GOP, Business Locations: China, California, Las Vegas

☆ Starbucks' turnaround relies on an executive who is no stranger to orchestrating comebacks
▼ + stars: | 2024-08-14 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

In today's big story, it's out with the old and in with the new CEO at Starbucks. Starbucks announced CEO Laxman Narasimhan was stepping down after less than two years on the job . Chipotle CEO Brian Niccol was tapped to lead Starbucks' turnaround efforts. In the release announcing the news , Howard Schultz, Starbucks' chairman emeritus and three-time CEO, made no mention of Narasimhan in his statement. At Starbucks, Niccol won't need to navigate a brand crisis like he did with Chipotle in the wake of its E. coli outbreak.

Persons: —, he's Benjamin Button'd, Chelsea Jia Feng, Laxman Narasimhan, Brian Niccol, it's, Grace Dean, Howard Schultz, Narasimhan, Ryan Miller, Rebecca Zisser, Alex Bitter, It's, we've, Katie Notopoulos, Tyler Le, Joe Quinlan, Berkshire Hathaway, Goldman Sachs, Greg Tuorto, Josh Edelson, Justin Sullivan, Timo Lenzen, Mercedes, unmotivated, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock Organizations: Service, Starbucks, Business, Elliott Management, Orange County Museum of Art, Taco Bell, Merrill, Bank of America Private Bank, Getty, BI, Benz, Mercedes, Dolce, Gabbana, Walmart, Walgreens, Cisco Systems, UBS Locations: Chelsea, Narasimhan, Mexican, Berkshire, AFP, Dubai, Miami, New York, London

As the economy continues to normalize and the Fed is able to lower the federal funds rate, mortgage rates should drop further. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates would impact your monthly payments. Mortgage Rates for Buying a Home30-Year Fixed Mortgage Rates Increase (+0.26%)The current average 30-year fixed mortgage rate is 6.17%, up 26 basis points from where it was this time last week, according to Zillow data. 15-Year Fixed Mortgage Rates Go Up (+0.26%)The average 15-year mortgage rate is 5.45%, 26 basis points higher than last week. Mortgage Refinance Rates30-Year Fixed Refinance Rates Jump Up (+1.07%)The average 30-year refinance rate is 7.04%, 107 basis points up from last week.

Persons: Zillow, Price, you'll, It's, refinance, they've Organizations: Federal Reserve, Zillow, FHA Locations: U.S, Chevron

☆ CNBC Daily Open: Wall Street surges; Starbucks ousts CEO
▼ + stars: | 2024-08-14 | by ( Abid Ali | ) www.cnbc.com time to read: +4 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Economic uncertainty Home Depot exceeded quarterly expectations but lowered its full-year sales outlook , citing weak demand due to high interest rates and consumer uncertainty. Get the CNBC Daily Open report in your inbox every morning and keep up to date with the markets wherever you are. The baristas have to be energised, clearly they've had some union problems, clearly they've had a lot of new products that haven't worked," Palmer told CNBC "Squawk on the Street." Chief Financial Officer Richard McPhail told CNBC, "Customers aren't just deferring because of higher financing costs.

Persons: Richard McPhail, Laxman Narasimhan, Brian Niccol, Narasimhan, Mellody Hobson, Narasimhan —, Niccol, David Palmer, they've, haven't, Palmer, Sarat Sethi, CNBC's, Sethi, —, Sarah Min, Amelia Lucas, Brian Evans, Samantha Subin, Jennifer Elias, Jeff Cox, Spencer Kimball Organizations: New York Stock Exchange, CNBC, Jefferies, Google, Apple, Gemini, Evercore ISI, Depot, Douglas, Lane & Associates, McDonald's, Starbucks, Walmart Locations: New York City, China

☆ Real Estate Status Symbol: New Home From Your Favorite Luxury Brand
▼ + stars: | 2024-08-14 | by ( James Rodriguez | ) www.businessinsider.com time to read: +11 min

This spring, the company unveiled plans for Pagani Residences, a 70-unit condo development in Miami's North Bay Village. Beyond automakers, there's a growing list of luxury brands hoping to use real estate to turn their cultural cachet into cold, hard cash. New York's five-star Sherry-Netherland Hotel began welcoming long-term residents almost a century ago, and since then roughly 700 branded residences have graced skylines around the world. But when it comes to branded residences, there are real selling points for buyers. The Elle project may seem out of left field, but Itani told me he's talking with another publication interested in making similar inroads.

Persons: carmaker Pagani, Pagani, Carlo Dipasquale, Aston Martin, Carbone, Gabbana, Elle, Sherry, we've, that's, Itani, Drake, Giorgio Armani, aren't, Brand, They're, they're, Laura Steinbruckner, Ferrari, Rob Sykes, WATG, hadn't, Cipriani, they've Organizations: Pagani Residences, Mercedes, Benz, Porsche, Bentley, Global, Condo, Brands, Carlton, Nobu, Peruvian, Armani Casa, South Florida —, Villa Miami, Major Food Group, Gabbana, Hilton, Fiat, Apple Locations: Bay, South Florida, Miami, Miami Beach, Dubai, London, New York, Netherland, Spain, Toronto, homebuilding, Plenty, Villa

☆ The United States and Europe need China for clean energy. They will pay a price to break free
▼ + stars: | 2024-08-14 | by ( Hanna Ziady | ) edition.cnn.com time to read: +8 min

London CNN —The United States and Europe are racing to narrow China’s commanding lead in clean energy technologies, throwing subsidies at local manufacturers and hiking tariffs on Chinese imports in a strikingly protectionist turn. Without China’s electric vehicles (EVs), solar panels, wind turbines, and batteries, reducing planet-heating pollution could take longer and ultimately increase costs for businesses and consumers. Beijing’s virtual monopoly on the processing of some critical minerals comes with particular risks for the global green transition. Zhu Haipeng/VCG/APAny delay in switching to clean energy will exact a heavy toll on the planet. Birol at the IEA also advocates for trade policies that diversify supply chains while reducing the risk of delays to the clean energy transition.

Persons: “, Margrethe Vestager, ”, ” Fatih Birol, David G, Victor, Michael R, Davidson, ” Victor, Pierre, Olivier Gourinchas, Zhu Haipeng, Victor of, Birol, don’t Organizations: London CNN, Russia, Getty, ”, International Energy Agency, Global, University of California, CNN, Monetary Fund, McKinsey Global Institute, Victor of University of California, IEA Locations: United States, Europe, China, Lianyungang, Washington, Netherlands, Japan, Beijing, of Taicang, Suzhou, Brookings, University of California San Diego, Fuzhou, Victor of University of California San Diego

☆ A millennial couple with a $1.2 million net worth explains how they both plan to retire by 35
▼ + stars: | 2024-08-14 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +9 min

They've managed to do all that while never making more than about $200,000 combined in yearly income from work. "We got our first house young, but we didn't buy all new furniture; we furnished it with hand-me-downs and thrift store finds," Wallace said. Between their three homes, which total $1.9 million in value, they have about $850,000 in equity, and they don't plan on paying them off early as interest rates on them are below 3.5%. Becoming millionairesThey hit their first half-million in 2021 and became millionaires in 2022, bringing their net worth above $1.2 million this year. They both plan on retiring in four years but anticipate working in part-time roles that better align with their passions.

Persons: Andrea Wallace, They've, Wallace, we've, Roth IRAs, they've, they're Organizations: Service, Business, FI, FIRE, Hallmark, Arizona State University, Lean FIRE Locations: Phoenix, California

☆ Google's live demo of Gemini ramps up pressure on Apple as AI reaches smartphone users
▼ + stars: | 2024-08-14 | by ( Kif Leswing | ) www.cnbc.com time to read: +6 min

During Google's Pixel phone launch on Tuesday, a product director named David Citron took the stage to show off the mobile capabilities of the company's new AI assistant, Gemini. Rivals are preparing consumers for a future of AI, but Google's Gemini features are real and are shipping — at least for testing purposes — now. Google's kickoff on Tuesday could put renewed pressure on Apple, as the two smartphone market leaders race to integrate AI into their operating systems. Google's most important presentation on Tuesday was Gemini Live, its next-generation assistant. The company said Apple's approach is less private than Google's, because Gemini "doesn't require hand-off to a third-party AI provider you may not know or trust."

Persons: Rick Osterloh, David Citron, Citron, Sabrina Carpenter, Apple, Siri's, Siri, haven't, we've, CNBC's Deirdre Bosa, Google's, that's, Osterloh, they're, Grace Harmon, Tim Cook Organizations: Devices, Google, YouTube, San, Rivals, Apple Intelligence . Apple Intelligence, Apple Intelligence, Apple, IDC, Nvidia Locations: Mountain View , California, San Francisco

☆ I'm Gen X and not ready to retire. At 51, my career is just now starting.
▼ + stars: | 2024-08-14 | by ( Jennifer Mcguire | ) www.businessinsider.com time to read: +4 min

AdvertisementI don't fit into my generationMy face, my blonde highlights, and my summer wardrobe of white linen smacks of bland mortgage stability. My adult sons and I talk about the same career goals because we have the same career goals, which are basically climb, climb, climb. If this is the thing that will kill me before I have time to get older, but oh yes, that's right, I'm already older. Maybe I'm right about myself. Maybe I'm a writer who just didn't get the chance to write for a very long time.

Persons: Gen, I'm, I've Organizations: Service

☆ Monaco is 1 of 6 locations hosting the star-studded E1 — a race thought ‘impossible’ before it began
▼ + stars: | 2024-08-14 | by ( Marylou Costa | ) www.cnbc.com time to read: +6 min

During the Monaco race on July 28, Bernard d'Alessandri, general secretary and managing director of Yacht Club de Monaco, said E1 showcases new technology for boat racing. "Before E1, it was impossible to have a race with electric boats," he said. Acceptance of electric boating among the eliteRacebird creator Sophi Horne said getting the attention of Monaco's boating elite wasn't easy. Team owners Didier Drogba and Tom Brady speak with Alejandro Agag, co-founder and chairman of the E1 Series, ahead of the E1 race in Venice, Italy — the second of the series. The final two E1 races are scheduled to occur in Lake Como, Italy and Hong Kong.

Persons: Shiv, Bernard d'Alessandri, Akin, Racebird, Rodi Basso, Team Rafa, Rafael Nadal, Basso, Prince Albert II of Monaco, Sophi Horne, Cara Delevingne, Lloyd, Horne, they've, …, Will Smith, Marc Anthony, Tom Brady, Didier Drogba, Virat Kohli, Sergio Perez, Steve Aoki, Marcelo Claure —, Alejandro Agag, Italy —, Daniele Venturelli, Brady, Drogba, Nadal, Carlos Duarte, Racebirds Organizations: Port, Media Monaco, Monaco, Yacht Club de Monaco, Formula, Team, NFL, Getty Locations: Monaco, Saudi Arabia, Racebirds, Venice, Italy, Mallorca, Lake Como, Hong Kong

☆ 3 reasons why Truist's CIO says it's time to plow money into the tech sector again despite its worst one-month underperformance in 20 years
▼ + stars: | 2024-08-14 | by ( Christine Ji | ) www.businessinsider.com time to read: +5 min

The secular megatrend of AI remains strong as Big Tech companies continue to invest billions into developing the technology. Forward earnings estimates for the tech sector are rising to all-time highs, indicating continued optimism. Investor expectations have now become recalibrated after the correction, providing tech stocks with more room to grow, in Lerner's opinion. AdvertisementTruistA cooling macroeconomic environment will also provide a boost to tech stocks as investors flock back to Big Tech, according to Lerner. With the Fed likely to begin cutting rates in September, many of the Big Tech companies are poised to benefit.

Persons: —, Keith Lerner, Lerner, that's, shouldn't, Truist, outperformance, He's Organizations: Service, Business, Semiconductor, Big Tech, Tech, Vanguard Information Technology, VanEck Semiconductor

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