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Trade Tracker: Kevin Simpson trims Goldman Sachs
  + stars: | 2024-06-06 | 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 EmailTrade Tracker: Kevin Simpson trims Goldman SachsKevin Simpson, Capital Wealth Planning founder and CIO, joins CNBC's "Halftime Report" to detail his latest move in Goldman Sachs
Persons: Kevin Simpson, Goldman Sachs Kevin Simpson, Goldman Sachs Organizations: Wealth Planning
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrade Tracker: Kevin Simpson and Bill Baruch share their latest portfolio movesKevin Simpson and Bill Baruch join CNBC's Halftime Report to share their latest trades.
Persons: Kevin Simpson, Bill Baruch Organizations: CNBC's
Gold rangebound as traders seek more U.S. data for Fed cues
  + stars: | 2024-06-05 | by ( ) www.cnbc.com   time to read: +1 min
Gold bars arranged at the Korea Gold Exchange store in Seoul, South Korea, on Friday, Oct. 13, 2023. Gold prices rose slightly on Wednesday helped by lower Treasury yields, but were stuck in a tight range as investors waited for more U.S. data to gauge the Federal Reserve's next step on monetary policy. U.S. gold futures rose 0.3% to $2,354.50. Benchmark 10-year Treasury yields lingered near their lowest level in almost three weeks hit on Tuesday, making bullion more attractive to investors. The U.S. services data is due at 1400 GMT.
Persons: Matt Simpson Organizations: Korea Gold Exchange, Federal, Index, Gold Locations: Seoul, South Korea, U.S
OJ Simpson and Nicole Brown Simpson photographed in March 1994, three months before she was murdered. Just a week later, on New Year's Eve, Brown Simpson wrote that she was beaten by her husband again. A diary entry Nicole Brown Simpson wrote about the night her husband was arrested for beating her at their home. Lifetime/Courtesy of the Brown familyPer the documentary, Brown Simpson called the police multiple times to report her husband's abuse. "The Life and Murder of Nicole Brown Simpson" will air on June 1 and 2 at 5 p.m PT/8p.m.
Persons: , Nicole Brown Simpson, Brown, Brown Simpson, Ronald Goldman, Simpson, OJ Simpson, Vinnie Zuffante, OJ, Teri, Justin, Denise Brown, Brown Simpson's, Denise, Dominique, Tanya Brown, Kris Jenner, Faye Resnick, Simpson's, Marcus Alle, Nicole Organizations: Service, NFL, Business, OJ, Lifetime Locations: Brentwood , California, Bedford, Laguna Beach, Sydney, Hawai'i
Read preview"The Life and Murder of Nicole Brown Simpson," Lifetime's new docuseries, lifts a lid on the events leading up to and the aftermath of Nicole Brown Simpson's death. On June 12, 1994, Brown Simpson was killed at her home in Brentwood, California, alongside her friend, Ronald Goldman. Brown Simpson was married to the football star turned actor for seven years between 1985 and 1992. However, the project features interviews with 50 people who knew Brown Simpson well, including her sisters, Denise, Dominique, and Tanya Brown, and close friends, Kris Jenner, Faye Resnick, and Brian "Kato" Kaelin. Here's where Brown Simpson's children are today and what happened to them after their mother's death and father's trial.
Persons: , Nicole Brown Simpson, Nicole Brown Simpson's, Brown, Brown Simpson, Ronald Goldman, OJ Simpson, Simpson, Marguerite Whitley, Simpson —, Sydney Brooke Simpson, Justin Ryan Simpson, Denise, Dominique, Tanya Brown, Kris Jenner, Faye Resnick, Brian, Kato, Kaelin Organizations: Service, Business, NFL Locations: Brentwood , California, Here's
Read previewOJ Simpson is alleged to have "stalked" Nicole Brown Simpson, going so far as to stake out the bushes near the home where she was murdered in 1994, close friends of Brown's have said in a new docuseries. "He was realizing that she was becoming happy," Resnick said, adding that Simpson was "stalking, hiding in the bushes." "The Life and Murder of Nicole Brown Simpson," which is scheduled to air on the consecutive nights of June 1 and 2, comes ahead of the 30th anniversary of Brown Simpson's death on June 12. It features interviews with 50 people who knew Brown Simpson well, including her sisters, Denise, Dominique, and Tanya Brown, and close friends such as Kris Jenner. Advertisement"The Life and Murder of Nicole Brown Simpson" will air on June 1 and 2 at 5 p.m PT/8p.m.
Persons: , OJ Simpson, Nicole Brown Simpson, Brown's, Faye Resnick, Robin Greer, Resnick, Brown, OJ, Simpson, Greer, Brian " Kato, Kaelin, Denise Brown, Joe Biden, Brown Simpson, Denise, Dominique, Tanya Brown, Kris Jenner, Ronald Goldman Organizations: Service, Business, Housewives, Beverly Hills, AP News, Lifetime Locations: South, Brentwood , Los Angeles, Washington
Dollar steadies before inflation test; yen brushes off Tokyo CPI
  + stars: | 2024-05-31 | by ( ) www.cnbc.com   time to read: +4 min
The dollar was licking wounds against peer currencies on Friday after a downward revision to U.S. GDP for the first quarter suggested room for rate cuts this year, while investors braced for inflation data. The dollar index , which measures the currency against six major peers, consolidated around 104.82 after dipping as low as 104.63 overnight. Softer U.S. consumer price inflation data earlier in May rekindled rate cut expectations for this year, weakening the dollar across the board and setting it on track to post its first monthly losses in 2024. "All told, the Tokyo CPI leaves us confident that nationwide underlying inflation will fall below 2% as soon as July." Price data for the euro zone is due on Friday, following a stronger-than-expected April inflation reading for Germany on Wednesday.
Persons: John Williams, Matt Simpson, Index's Simpson, Marcel Thieliant, Sterling, bitcoin Organizations: Treasury, greenback, New York Fed, Index, PCE, Capital Economics, Japan's Ministry of Finance, Germany Locations: U.S, Tokyo, Asia
Trade Tracker: Kevin Simpson details some of his latest trades
  + stars: | 2024-05-30 | 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 EmailTrade Tracker: Kevin Simpson details some of his latest tradesKevin Simpson, Capital Wealth Planning founder and CIO, joins CNBC's "Halftime Report" to describe his latest trades.
Persons: Kevin Simpson Organizations: Wealth Planning
Judgment day looms for Donald Trump in New York
  + stars: | 2024-05-29 | by ( Stephen Collinson | ) edition.cnn.com   time to read: +12 min
CNN —Donald Trump, who built a mystique as the brash epitome of power, has never been more powerless to dictate his own fate. In order to convict Trump, jurors must first decide that he falsified financial documents and did so with the express purpose of committing another crime. That was evidenced, today by the Biden campaign themselves holding a rally here,” Don Trump Jr. said. “You cannot convict President Trump,” Blanche said, before repeating himself for emphasis while impressing on the jury the gravity of the historic deliberation that lies before them. “You may say, who cares if Mr. Trump slept with a porn star 10 years before the 2016 election?
Persons: Donald Trump, Judge Juan Merchan, , Joshua Steinglass, Stormy Daniels, Trump, Daniels, Todd Blanche, Michael Cohen, , Blanche, there’s, Joe Biden, Robert De Niro, Biden, , Don Jr, Eric, ” Don Trump Jr, it’s, Pop Michael Jackson, That’s, Trump’s, Michael Cohen Trump, histrionics, ” Blanche, Cohen, Steinglass Organizations: CNN, Prosecutors, Trump, Hollywood, Capitol, Biden, GOP Locations: New York City, York, New York
That means the iconic profession is not only drastically underrepresenting Asian Americans, but historical data shows the community isn't making up ground like other minority populations. While the federal data may shock those outside the community, it connects to a long-documented problem of those who have historically held power mentoring others who look like them. Yet there has never been an Asian American judge appointed to the U.S. Supreme Court. A Washington Post analysis found Biden has appointed the most non-white judges of any president, and approximately 14% have been Asian. It's also worth noting that the share of Asian judges has jumped around over the past decade rather than moving in a straight line.
Persons: Goodwin Liu, Lance Ito, Simpson, Biden, It's Organizations: Getty, U.S, Supreme, American Bar Association Locations: Asian, Washington
Gold recoups from 2-week low as traders eye U.S. inflation data
  + stars: | 2024-05-27 | by ( ) www.cnbc.com   time to read: +1 min
Ingots of 99.99 percent pure gold are placed in a workroom at Novosibirsk Refining Plant, Russia on Sept. 15, 2023. Gold prices on Monday drifted higher from a two-week low hit in the previous session as traders gauged fading hopes of U.S. interest rate cuts ahead of a key inflation report due later this week. The core personal consumption expenditures price index, the preferred inflation measure for the U.S. Federal Reserve, is due on Friday. Bullion is known as an inflation hedge, but higher rates increase the opportunity cost of holding non-yielding gold. Minutes from the Federal Reserve's meeting published last week showed the central bank's path to 2% inflation could take longer than expected.
Persons: Matt Simpson, Bullion, Index's Simpson Organizations: Novosibirsk Refining Plant, Index, U.S . Federal, Traders Locations: Novosibirsk, Russia
The 10 books the rich will be reading this summer
  + stars: | 2024-05-26 | by ( Robert Frank | ) www.cnbc.com   time to read: +11 min
That's why J.P. Morgan Private Bank, every May, releases its summer reading list, often serving as a book club for billionaires. This year marks the 25th anniversary of the list, now called the J.P. Morgan Summer Reading List. The 10 books are carefully curated to match the tastes and preoccupations of J.P. Morgan's wealthy clients. It also helps with client events, since authors on the list often agree to do special dinners or speaking events for J.P. Morgan clients. Authors love being on the list as well since J.P. Morgan buys thousands of books to hand out and since clients often refer the books to others.
Persons: Robert Frank, Today's, Alicia Keys, Swizz Beatz, J.P, Morgan, Darin Oduyoye, Oduyoye, Gary White, Matt Damon, Charles Duhigg, Jonathan Haidt, Haidt, Kasseem Dean, , Gordon Parks, Michel Basquiat, Lorna Simpson, Odili Donald Odita, Kennedy Yanko, Kimberli Gant, Salman Khan Salman Khan, Jack Daniel, Fawn Weaver, Daniel's, Daniels, Weaver, Joshua Robinson, Jonathan Clegg, Robinson, Clegg, Melinda Stevens, Issy von Simson, Tabitha Joyce, Fortunato, Adam Pearson, Fortunato Chocolate, Laura Mae Martin, Laura Mae Martin —, Martin, Jake Gyllenhaal, Greta Caruso, Tony, Damon Organizations: Morgan Private Bank, Morgan, Reading, Wealth Management, J.P, Giants, Art, Phaidon, Brooklyn Museum, Education, Khan Academy, Wall, Mercedes, Nacional, Google, Solutions, JPMorgan, Manhattan Company Locations: Water, Lynchburg , Tennessee, America, United States, Croatian
The average Intrepid Travel group has 10 people. AdvertisementIt also allows people to form new bonds in a tight-knit setting, which young travelers crave, after the COVID-19 pandemic. The average Intrepid Travel group has 10 people. jacoblund/Getty ImagesBerna said Intrepid Travel began receiving requests from people in their 30s looking for adventures off the beaten path. Intrepid Travel said they saw 172% increase globally in bookings to South Korea from 2022 to 2023.
Persons: , Gen Zers, it's, Stephen Simpson, Matt Berna, Intrepid, Berna, crave, Gen, Brian Chesky, They've Organizations: Service, Business, Intrepid, Intrepid Travel, Travel, Japan Locations: Morocco, Sri Lanka, Americas, millennials, Paris, Vietnam, peddle, America, Peru, South Korea, Korea
Advertisement2024 may be the worst hurricane season in history3D rendering of Category 4 hurricane near the US State of Louisiana. FrankRamspott/Getty ImagesA coastal engineer at Texas A&M University, Figlus is an expert on flooding. AdvertisementDespite rising flood and hurricane risk, a whopping 140,000 people moved to Houston, Texas, last year. This online service provides a detailed breakdown of flooding risk in a given area. AdvertisementAll in all, Figlus thinks people can still live in flood zones relatively safely, as long as they understand the risks.
Persons: Jens Figlus, Figlus, Hurricane Harvey, Harvey, Wager, jhorrocks, David J, Phillip Organizations: Service, Business, Texas, M University, Figlus, National Oceanic, Atmospheric Administration, University of Pennsylvania, Simpson, Census, FEMA Locations: Texas, Louisiana, of Louisiana, Atlantic, what's, Houston, Houston , Texas, Gulf, Galveston Bay, Hurricane
Dollar holds firm as traders trim U.S. rate cut bets
  + stars: | 2024-05-24 | by ( ) www.cnbc.com   time to read: +3 min
"The carry of holding dollars is far juicier," he said, while policymakers' rhetoric has also made traders nervous about inflation and the risk rate cuts would be distant or small. Traders have pushed out the timing of the first Fed rate cut to December. Thursday's business surveys from S&P Global supported the conviction among many traders that the Fed may keep rates higher for longer. But not for traders who are positioned for Fed cuts. Rates markets still price a near 90% chance the ECB cuts rates next month.
Persons: Martin Whetton, Matt Simpson, Sterling, Christopher Waller Organizations: U.S, Westpac, Federal, Traders, P Global, European Central Bank, Federal Reserve Locations: Sydney
Morgan Spurlock, Oscar-winning documentarian, dead at 53
  + stars: | 2024-05-24 | by ( Tom Page | ) edition.cnn.com   time to read: +3 min
CNN —Morgan Spurlock, the filmmaker and former CNN series host whose McDonald’s documentary “Super Size Me” was nominated for an Academy Award, died of cancer complications Thursday, according to his family. Spurlock, who was 53, died in New York, surrounded by family and friends, his brother said in a statement. “It was a sad day, as we said goodbye to my brother Morgan,” Craig Spurlock said. For several years, Spurlock served as host of a popular CNN Original series, “Morgan Spurlock Inside Man.”Born in Parkersburg, West Virginia, the future filmmaker was raised in Beckley, where he graduated from Woodrow Wilson High School. His film “Super Size Me 2: Holy Chicken” was released in 2019.
Persons: CNN — Morgan Spurlock, , Spurlock, Morgan, ” Craig Spurlock, “ Morgan, ” Spurlock’s, Osama bin Laden, Homer Simpson, “ Morgan Spurlock, Osama Bin Laden, “ I’ve Organizations: CNN, Woodrow Wilson High School, New York University, Sundance Film, Writers Guild of America, Hulu Locations: New York, McDonald’s, Parkersburg , West Virginia, Beckley, York
Gold prices hit an all-time high on Monday as a slowing U.S. inflation trend boosted expectations that the Federal Reserve could deliver its first interest rate cut soon, while silver scaled a more than 11-year peak. Spot gold was up 0.9% at $2,436.76 per ounce, as of 0340 GMT after hitting a record high of $2440.49 earlier in the session. Data last week showed signs of cooling inflation and traders now expect a 65% chance of a U.S. rate cut by September. "Gold prices sneaked in a cheeky record high ahead of China's (market) open on Monday. Spot silver rose 2.5% to $32.28 after hitting an over 11-year high.
Persons: Kyle Rodda, Bullion, Matt Simpson, Wang Tao Organizations: Fort, Federal Reserve, Index, Palladium Locations: Fort Knox Alaska, Kinross, Tetlin , Alaska, U.S, China's, China
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrade Tracker: The Investment Committee details their latest portfolio movesKevin Simpson and Steve Weiss explain their latest trades in Amgen, Duke Energy and Caterpillar.
Persons: Kevin Simpson, Steve Weiss Organizations: Duke Energy, Caterpillar Locations: Amgen
CNN —Last week, travel and tourism industry representatives from more than 150 countries gathered at the annual Arabian Travel Market trade show, held this year in Dubai. There, CNN’s Eleni Giokos spoke with Julia Simpson, president of the World Travel and Tourism Council (WTTC), about trends in tourism in the Middle East, and the challenge of making travel more sustainable. We are here in the Middle East — this is the first time I’ve been to the Arabian Travel Market — but what’s interesting is everyone’s telling me they have never, ever seen it this busy. Simpson: Well, the GCC and Middle East is growing faster than any other region. Visitors and delegates at the Arabian Travel Market.
Persons: CNN’s Eleni Giokos, Julia Simpson, I’ve, Simpson, Saud, you’ve, We’ve, we’ve Organizations: CNN, Travel, Tourism Council, Arabian, GCC, Gulf Cooperation, United, Visitors, Oxford Economics Locations: Dubai, Abu Dhabi, Ras Al, Khaimah, United Arab Emirates, Saudi, Arabia, , Saudi Arabia, Oman, East, UAE, Gaza, Egypt
CNN —Pro-Palestinian encampments were cleared from at least three college campuses early Friday, marking some of the latest examples of schools using law enforcement to respond to demonstrations that have popped up across the country in recent weeks. Police begin dismantling protest encampment at University of Pennsylvania: Police ordered protesters to leave their encampment early Friday morning. Signs and flags are seen at a pro-Palestinian encampment on the lawn of the Stratton Student Center at the Massachusetts Institute of Technology in Cambridge, Massachusetts, on Thursday. Rick Friedman/AFP/Getty ImagesMIT encampment dismantledDemonstrators chanted messages like, “Free Palestine” as police dismantled the pro-Palestinian encampment on the Cambridge, Massachusetts, campus early Friday, video from CNN affiliate WFXT showed. On Thursday, fewer than 10 students were arrested on campus, according to the university.
Persons: United Nations Linda Thomas, Greenfield, Reynold Verret, won’t, Donna Shalala, Rick Friedman, WFXT, Francesca Riccio, Ackerman, Andy Rose Sam Simpson, Rob Frehse, Zenebou Sylla Organizations: CNN — Pro, Massachusetts Institute of Technology, Law, The University of Arizona, . Police, University of Pennsylvania : Police, Daily, Police, ” Police, CNN, WPVI, Xavier University, UN, US, United Nations, Hamas, The New, New York City, Faculty Senate, Stratton Student, Getty, MIT Locations: College, Louisiana, Israel, Stratton, Cambridge , Massachusetts
CNN —Rory McIlroy will not be returning to the PGA Tour policy board any time soon after some “pretty complicated and pretty messy” conversations, the Northern Irishman said Wednesday. “There’s been a lot of conversations,” McIlroy, speaking ahead of the Wells Fargo Championship in North Carolina, told reporters. “It got pretty complicated and pretty messy, and I think with the way it happened, it opened up some old wounds and scar tissue from things that have happened before. “There was a subset of people on the board that were maybe uncomfortable with me coming back on for some reason. “I’ve had a pretty slow start to the season, especially over here in the States,” he said.
Persons: Rory McIlroy, , Webb Simpson, , McIlroy, “ There’s, ” McIlroy, Webb, Andrew Redington, LIV Golf, LIV, weren’t, it’s, we’ve, “ It’s, that’s, Shane Lowry, “ I’ve, Organizations: CNN, PGA Tour, Wells, PGA, LIV Golf, , Zurich, New Locations: North Carolina, Saudi, New Orleans
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrade Tracker: Kevin Simpson sells Apple calls and sells BroadcomKevin Simpson, Capital Wealth Planning founder and CIO, joins CNBC's "Halftime Report" to detail his latest trades.
Persons: Kevin Simpson, Broadcom Kevin Simpson Organizations: Apple, Broadcom, Wealth Planning
Gold prices inch higher on U.S. rate-cut bets, Middle East woes
  + stars: | 2024-05-07 | by ( ) www.cnbc.com   time to read: +2 min
One kilogram gold bullion at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Gold prices edged higher on Tuesday, steered by bets that the U.S. Federal Reserve would cut interest rates later this year and safe-haven demand for bullion as Gaza ceasefire remains uncertain. Spot gold was up 0.1% at $2,324.75 per ounce, as of 0148 GMT after rising more than 1% in the previous session. Fed Bank of New York President John Williams said on Monday that at some undefined point the U.S. central bank will lower its interest rate target. Lower rates increase the appeal of holding non-interest bearing gold.
Persons: that's, Matt Simpson, John Williams, Simpson, Israel, Heraeus Organizations: Co, U.S . Federal, Index, Fed Bank of New York, Investors, Hamas Locations: Bangkok, Thailand, Gaza, U.S, Palestinian, Rafah
I’ve never really understood why people enjoy eating chicken. Like the frenzy of people crowding Chick-fil-A or Popeyes when a limited-edition chicken sandwich goes on sale, as if it were the latest iPhone release. Or the fact that there’s something called the “chicken sandwich wars,” which could return in 2024 — thanks in part to the recent limited release of two new McDonald’s crispy chicken sandwiches. Compared to the aroma of freshly baked bread or the sizzle of bacon — scents that beckon me closer — the fried chicken smell is like an unwelcome intrusion. Why exactly do you enjoy eating chicken?
Persons: CNN —, I’d, , Shannon Stapleton, chow, Homer Simpson, I’ve, Michael Nagle, ” I’m, I’m Organizations: CNN, Reuters, Bloomberg, Getty Locations: Louisiana, New York City, New York, South Africa
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrade Tracker: Steve Weiss buys more Goldman Sachs and Kevin Simpson buys more JPMorganSteve Weiss, founder and managing partner at Short Hills Capital Partners, and Kevin Simpson, Capital Wealth Planning founder and CIO, join CNBC's 'Halftime Report' to explain why they are buying more financials.
Persons: Steve Weiss, Goldman Sachs, Kevin Simpson, CNBC's Organizations: Short Hills Capital Partners, Wealth Planning
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