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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCore inflation is still stubbornly high, says Odyssey's Jason SnipeJoe Terranova, Kari Firestone, and Jason Snipe join 'Halftime Report' to discuss industrial market momentum, stubbornly high core inflation, and how to play the cyber security space.
Persons: Jason Snipe Joe Terranova, Kari Firestone, Jason Snipe
By contrast, Mr. Tuberville’s petulant demonstration has been going for more than four months. He announced his blockade in mid-February, holding up at least 150 pending promotions for generals and admirals. Individual senators gain the power to effectively block nominations by dragging out old and tedious Senate rules of procedure that are in desperate need of an update. Usually, the Senate majority leader brings up batches of routine military promotions and gets unanimous consent to approve them. But lately they are being taken to new heights by the MAGA wing of the Republican Party.
Persons: Tuberville’s, , , Jack Reed, Vance, Mr, Trump, Brian Fallon, Chuck Schumer, MAGA Organizations: Pentagon, Marine Corps, Democrat, Armed Services Committee, Department, Senate, Republican Party Locations: Rhode Island
Watch CNBC's investment committee discuss today's market movers
  + stars: | 2023-06-21 | 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 EmailWatch CNBC's investment committee discuss today's market moversJoe Terranova, Kari Firestone, and Jason Snipe join 'Halftime Report' to discuss industrial market momentum, stubbornly high core inflation, and how to play the cyber security space.
Persons: Joe Terranova, Kari Firestone, Jason Snipe Organizations: Watch
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarket sentiment about interest rates is driving investors to equities, say Aureus' Karen FirestoneJosh Brown, Karen Firestone, Steve Weiss, and Jason Snipe join 'Halftime Report' to discuss the AI rally, cyclical versus defensives, and identifying peak interest rate levels.
Persons: Aureus, Karen Firestone Josh Brown, Karen Firestone, Steve Weiss, Jason Snipe
The beginning of Bank of America's 2023 outlook report, which included interviews with its top economists and strategists, highlighted "what a potential recession could mean for the markets." The bank indicated in one of its reports that the average probability among strategists predicting a 2023 recession at the end of last year was about 65%. Cynics might say economists and market strategists are often wrong. Finally, it seems as if the stock market recognized the limitations of the recession prediction back in October 2022. The recession may follow that same path if inflation, including energy, continues to slide and enough portions of the economy hold up.
Persons: Goldman Sachs, It's, Louis, Karen Firestone Organizations: Boston Celtics, Boston Bruins, Bank of, Federal, Treasury, Street, U.S . Bureau of Labor Statistics, Institute for Supply Management, Capital Markets, Federal Reserve Bank of St, Investors, Celtics, Bruins, Asset Management Locations: U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarket rally depends on tone of Fed rate announcement, says Aureus' Kari FirestoneStephanie Link, Joe Terranova, and Kari Firestone joins 'Halftime Report' to discuss today's upcoming Fed decision, the impact a hawkish pause would have on money market funds, and the Fed's tone when addressing inflationary goals.
Persons: Aureus, Kari Firestone Stephanie Link, Joe Terranova, Kari Firestone Organizations: Email
The transfer is only one of the ways Mr. DeSantis is pushing the limits of the campaign finance system. The super PAC supporting his presidential run, bearing the schoolboy name of “Never Back Down,” has made it clear that it has a dangerously broad view of what its role should be. Those ads are bad enough, but Never Back Down is going much further by essentially taking over many of the main functions of the DeSantis campaign itself. As The Washington Post recently reported, the super PAC is opening office space in each of the early primary states, organizing a corps of door-knockers and volunteers, and launching a “Students for DeSantis” effort on university campuses, among other grass-roots organizing work. “This is going to be expansive and a completely different kind of super PAC,” Kristin Davison, the chief operating officer of Never Back Down, told The Post.
Persons: DeSantis, , they’ve, ” Kristin Davison, South Carolina — Organizations: PAC, Washington Post, The Times, Labor Locations: New Hampshire , Nevada, South Carolina
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFirestone: The recent stock rally may be more than just a short-term blipKaren Firestone, CEO and Chairman of Aureus Asset Management, discusses what's behind the recent stock market rally.
Persons: Karen Firestone Organizations: Firestone, Asset Management
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailA.I. bringing earnings stability and acceleration to tech, says BMO's Brian BelskiJoe Terranova, Kari Firestone, Jason Snipe, and Brian Belski, joins 'Halftime Report' to discuss secular bullishness, BMO raising their S&P 500 target, and A.I. bringing unforseen strength to the tech sector.
Persons: Brian Belski Joe Terranova, Kari Firestone, Jason Snipe, Brian Belski Organizations: BMO
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBMO's Brian Belski explains why his firm raised S&P 500 price target to 4,550Brian Belski, chief investment strategist at BMO Capital Markets, Joe Terranova, chief market strategist at Virtus Investment Partners, Jason Snipe, founder and CIO at Odyssey Capital Advisors, and Karen Firestone, CEO at Aureus Asset Management, join ‘Halftime Report’ to discuss market as stocks hit session low.
Persons: Brian Belski, Joe Terranova, Jason Snipe, Karen Firestone Organizations: BMO Capital Markets, Virtus Investment Partners, Odyssey Capital Advisors, Asset Management
Ritholtz's Josh Brown on why he sold 25% of his Nvidia stake
  + stars: | 2023-05-30 | 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 EmailRitholtz's Josh Brown on why he sold 25% of his Nvidia stakeKari Firestone, Josh Brown, Joe Terranova, and Steve Weiss join 'Halftime Report' to discuss momentum in semiconductors, signs of and A.I. bubble, and Nvidia's one trillion dollar valuation.
Persons: Josh Brown, Kari Firestone, Joe Terranova, Steve Weiss
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe regional bank crisis is not over, says Short Hills' Steve WeissKaren Firestone, Joe Terranova, and Steve Weiss joins 'Halftime Report' to discuss regional bank volatility, range-bound trading, and Western Alliance's deposit growth.
In 2021, 61 percent of the 25 million people on Medicaid were working in full- or part-time jobs. The bill would also require many adults 19 to 55 to work 80 hours a month to receive federally subsidized health coverage from Medicaid. Republicans couldn’t repeal the act through the front door, so they are using the leverage provided by the debt ceiling to try to achieve their ideological aim. It’s been clear for years that these kinds of work requirements don’t actually put people back to work; they just pry people away from the benefits they need. In 2018, Arkansas became the first state to impose very similar work requirements on Medicaid, before a federal judge ended the experiment the next year.
Watch CNBC's investment committee discuss bank deposit numbers
  + stars: | 2023-05-17 | 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 EmailWatch CNBC's investment committee discuss bank deposit numbersKaren Firestone, Joe Terranova, and Steve Weiss join 'Halftime Report' to discuss regional bank volatility, range-bound trading, and Western Alliance's deposit growth.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTarget shares rise after earnings beat. Here's how the pros are playing itJim Cramer, Stephanie Link of Hightower Advisors, Steve Weiss of Short Hills Capital, and Karen Firestone of Aureus Asset Management on what they think about Target after the company beat earnings expectations despite small sales growth.
has been hobbled by Congress from investigating them and the Federal Election Commission, which also regulates their expenditures, is regularly deadlocked. Many 501(c)(4) groups claim a large amount of “overhead” in their spending; crucially, it’s rarely itemized and therefore escapes close scrutiny, according to Saurav Ghosh, the director of federal campaign finance reform at the nonprofit Campaign Legal Center. Mr. Santos might have gotten away with a lot of dubious spending in that category without anyone knowing. But Mr. Santos didn’t structure his fraud the usual way, according to the indictment. That company, which The New York Times says appears to be RedStone Strategies, had nothing to do with supporting Mr. Santos’s campaign but everything to do with supporting his bank account.
Party City says it's closing over 30 stores after filing for Chapter 11 bankruptcy protection. Cartersville: Cartersville Crossing, 451 East Main St.IowaWaterloo: Crossroads Commons Shopping Center, 1415 Flammang Dr.IllinoisBradley: Bradley Commons, 2060 N. State Rte. 20Felch Street Shopping Center, 3050 Beeline Rd., Ste. L12East Hills Shopping Center, 3702 Frederick Ave., Ste. K2Five Points Shopping Center, 4101 Hwy.
Mr. Presley, 45, is one of three elected members of the state Public Service Commission, which regulates utilities, and is the former mayor of Nettleton, a small town in the bright-red northeast section of Mississippi. His most effective tactic is his unrelenting attack on Mr. Reeves and the welfare scandal that has swirled around him and the previous Republican governor, Phil Bryant. At the same time, the state was rejecting a large majority of requests from families for Mississippi’s meager $170 a month in welfare payments. Mr. Reeves was lieutenant governor when all this was going on, and several people at the center of the scandal have been his friends and supporters. That was all Mr. Presley needed.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMark Zuckerberg is speaking a language that people like, says Aureus' Karen FirestoneKari Firestone, Aureus Asset Management CEO, joins 'Squawk Box' to break down the latest earnings results, and the implications for the broader economy.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMicrosoft shares jump on strong results. Here's what analysts say is in store for the tech giantJim Cramer, Stephanie Link of Hightower Advisors, Paul Meeks of Independent Solutions Wealth Management, Brent Thill of Jefferies, Karen Firestone of Aureus Asset Management, Joe Terranova Virtus of Investment Partners and Josh Brown of Ritholtz Wealth Management on what they think about Microsoft's recent earnings.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMicrosoft will have harder time surprising investors to the upside, says Ritholtz's Josh BrownJosh Brown, Kari Firestone, Joe Terranova, and Jenny Harrington join 'Halftime Report' to discuss the market re-rating Microsoft, a slowdown in Azure Cloud services, and Microsoft's position as a leader in A.I..
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe differential between the large and small cap techs is huge, says Aureus' Kari FirestoneJoe Terranova, Liz Young, Kari Firestone, Sarat Sethi join 'Halftime Report' to discuss tech earnings, advertisement spending, and Meta's spending towards the metaverse and A.I..
I have written several pieces that touched on the stocks with over $5 billion in market cap that fell hard from 2021's elevated grace. Market cap as a differentiator What might lead to such a wide discrepancy? What stands out is the big difference in market capitalization of the stocks in the top-performing quintile and the bottom group. The average market cap for the top fifth is $79.5 billion compared to $15.6 billion for the lowest performers. There are 4,279 stocks listed on the NYSE and Nasdaq with a market value of $5 billion or less.
Watch CNBC's investment committee discuss Q2 earnings
  + stars: | 2023-04-19 | 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 EmailWatch CNBC's investment committee discuss Q2 earningsJoe Terranova, Liz Young, Kari Firestone, Sarat Sethi join 'Halftime Report' to discuss tech earnings, advertisement spending, and Meta's spending towards the metaverse and A.I..
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFirestone: The market has really held on much better-than-expectedAureus Asset Management chairman & CEO Karen Firestone says at these levels, the market isn't cheap, but traders are anticipating the Fed is close to the end of the rate cycle.
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