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☆ Jim Cramer on Delta: There's a difference between the stock and the company
▼ + stars: | 2024-07-11 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer shared his assessment of Delta Air Lines stock, which reported a revenue miss on Thursday. He said investors should understand that there is a difference between Delta as a stock and Delta as a company. Delta the airline stock is only as good as the weakest competitors, because they're leading a race to the bottom, and that's killing it." Management reported robust summer travel demand, with CEO Ed Bastian saying on the earnings call that TSA travel volumes were up 7% from the year-earlier period. "If you're going to buy a stock, any stock, first see how it's done over time.

Persons: CNBC's Jim Cramer, we've, they're, Ed Bastian, Bastian, Cramer, Thursday's, bode Organizations: Delta Air Lines, LSEG, Management, TSA, Delta Locations: Delta, U.S, Atlanta

☆ Ilhan Omar has deep concerns with Biden's Israel policy. She's still sticking with him after the debate.
▼ + stars: | 2024-07-11 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

Read previewRep. Ilhan Omar, along with other members of the progressive "Squad," has been a staunch critic of President Joe Biden's policies on Israel. She's unhesitant in defending that approach, arguing that former President Donald Trump would be worse. We will continue to push for that," Omar told Business Insider on Wednesday. I'm fully behind him," Rep. Jamaal Bowman of New York, who recently lost his primary to a moderate Democrat in large part due to his criticism of Israel, told BI this week. Advertisement"There is not going to be a situation where the President is being removed from being the nominee," said Omar.

Persons: —, Ilhan Omar, Joe Biden's, Omar's, Biden, Omar, She's unhesitant, Donald Trump, Trump, Alexandria Ocasio, Cortez, Kamala Harris, I'm, Jamaal Bowman, Israel, Harris, Omar wouldn't Organizations: Service, Minnesota congresswoman, Business, Capitol, Trump Locations: Israel, Minnesota, Gaza, Alexandria, Cortez of New York, Congress, New York

☆ Opinion: Trump’s move to the center is stunningly transparent
▼ + stars: | 2024-07-09 | by ( Opinion Jill Filipovic | ) edition.cnn.com time to read: +7 min

Trump’s obvious posturing toward the center was evident on Monday, when the Republican National Committee’s platform committee approved a draft that included language apparently moderating the GOP stance on abortion and same-sex marriageJill Filipovic. That decision has proven disastrous on many levels— especially for women in Republican-run states who continue to suffer the consequences. If leaving abortion to the states was the plan, why have Republicans pushed for national bans in Congress? He backed a national 20-week ban and promised to appoint pro-life judges who he thought would overturn Roe. Earlier this year, he said a 15-week national ban sounded very reasonable; now he doesn’t seem to want to discuss it.

Persons: Jill Filipovic, Donald Trump, Republican Party’s, Jill Filipovic Trump, Trump, Roe, Wade, MAGA, Republicans don’t, “, ” Trump, Marjorie Dannenfelser, Susan B, Anthony Pro, Harris, they’re Organizations: Twitter, CNN, White, Republican, GOP, Republican National, Court, Republicans, New York Times, Heritage Foundation, Truth, Biden, Voters Locations: New York

☆ Amazon's Asian rival Shein wants to be supply chain giant, but some fear Chinese cyber spying inside global trade links
▼ + stars: | 2024-07-08 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +13 min

Shein logistics software is in beta testing with select supply chain customers, according to a person familiar with its plans. "Shein's software could provide unprecedented access to sensitive supply chain data, which the Chinese government could seize under its laws. This exposure poses a direct threat to U.S. supply chain integrity, making it vulnerable to exploitation and manipulation." Even with a headquarters based in Singapore, company supply chain data could be subject to seizure by the Chinese. Shein's fast rise to dominance Shein's dominance lies in the company's hyper-flexible supply chain, according to a recent report from supply chain intelligence firm Zero100.

Persons: Jade Gao, Shein, cybersecurity, Lee Kair, Kair, Dewardric McNeal, McNeal, Ram Ben Tzion, Ben Tzion, Department of Homeland Security's, Shein's, Srini Cherukuri, Chris Xu's, Zero100, Eric Fullerton, Project44 Organizations: Shein, Afp, Getty, Transportation Security Administration, U.S, Authentic Holdings, Simon Property Group, Longview Global, Obama administration's Department of Defense, CNBC, Standards Organization, Secretariat, IAF, Microsoft U.S, EU, Social, International, Uyghur Forced Labor, Department of Homeland, Border Patrol, New York, ITS Logistics, Logistics Locations: Guangzhou, China's Guangdong, Jade, China, U.S, Exiger, Shein, Asia, Singapore, Frankfurt, Germany, Xinjiang Province, Customs, York, United States

☆ CNBC Daily Open: Tesla powers S&P 500, Nasdaq to record highs
▼ + stars: | 2024-07-04 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Record highsThe S&P 500 and the tech-heavy Nasdaq Composite closed at record highs in a shortened session ahead of the July 4 Independence Day holiday. The yield on the 10-year Treasury fell as the latest economic data indicated the jobs market was cooling. Despite some officials advocating for potential rate hikes, the Federal Open Market Committee ultimately decided to hold rates steady. [PRO] Tesla bull caseWedbush analyst Dan Ives raised his Tesla price target to $300 from $275, with a bull case of $400 by 2025.

Persons: Nela Richardson, Elliott Management's, Elliott, Bob Jordan, Gary Kelly, JPMorgan's Kolanovic, Marko Kolanovic, Kolanovic, Dubravko, Dan Ives Organizations: CNBC, Nasdaq, Nvidia, Dow Jones, Treasury, Federal Reserve, Federal, Market Committee, ADP, Southwest Airlines Locations: U.S

☆ U.S. yields lift dollar and leave yen languishing
▼ + stars: | 2024-07-02 | by ( ) www.cnbc.com time to read: +3 min

The dollar was supported by rising U.S. yields and the blowtorch was on low-yielding currencies on Tuesday such as China's yuan and Japan's yen, which was pinned to its lowest since 1986. The dollar was supported by rising U.S. yields and the blowtorch was on low-yielding currencies on Tuesday such as China's yuan and Japan's yen, which was pinned to its lowest since 1986. Against the euro , the yen touched a lifetime low of 173.67 on Monday and was near that level on Tuesday. China's yuan , which hit a seven-month low on the dollar last week and has hardly moved since, faces similar pressure with U.S. 10-year yields more than 220 bps higher than Chinese government bond yields. The New Zealand dollar slipped 0.3% in early trade and at $0.6075 was testing support at its 200-day moving average.

Persons: Donald Trump, Joe, Biden, Christopher Wong, China's, —, Sterling, Rob Carnell Organizations: U.S, New Zealand, ING Locations: Japan, Asia, China

☆ Dollar barges past 161 yen and eyes quarterly rise
▼ + stars: | 2024-06-28 | by ( ) www.cnbc.com time to read: +2 min

The dollar was headed for a second straight quarterly gain and jumped to a near four-decade high on the battered yen in Asia trade on Friday, ahead of a crucial U.S. inflation reading. The dollar was headed for a second straight quarterly gain and jumped to a near four-decade high on the battered yen in Asia trade on Friday, ahead of a crucial U.S. inflation reading. At 172.37 per euro it traded at a lifetime low on the common currency as yen bears test authorities' resolve. The New Zealand dollar dipped 0.3% to $0.6065 on Friday, but was up 1.5% for the quarter. The U.S. dollar index was 0.2% stronger at 106.07 on Friday for a 1.5% quarterly rise.

Persons: Ray Attrill, Donald Trump, Joe Biden, Biden, NAB's Attrill Organizations: Republican, Democratic, New Zealand, U.S, Federal Locations: Asia, Tokyo, Australia, Sydney, Atlanta, U.S

☆ 'Yen is the weakest currency out there,' FX strategist says
▼ + stars: | 2024-06-28 | 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 Email'Yen is the weakest currency out there,' FX strategist saysValentin Marinov, head of G10 FX research at Credit Agricole, discusses the Yen and the outlook for Japanese equites.

Persons: Valentin Marinov Organizations: Credit Agricole

☆ Asia-Pacific markets rise as investors assess Japan economic data and await U.S. inflation reading
▼ + stars: | 2024-06-28 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets climbed on Friday as investors assessed key economic data out of Japan and awaited U.S. inflation reading due later in the day. The core inflation rate —which strips out prices of fresh food — rose to 2.1% from 1.9% in May. Tokyo inflation data is widely considered to be a leading indicator for nationwide trends. The country's industrial production grew 2.8% month on month in May, beating expectations of 2% from economists polled by Reuters. On a year-on-year basis, industrial production rose 0.3%.

Persons: April's Organizations: Reuters Locations: Asia, Pacific, Japan, Tokyo, South Korea, Korea

☆ Analysis: Biden’s disastrous debate pitches his reelection bid into crisis
▼ + stars: | 2024-06-28 | by ( Stephen Collinson | ) edition.cnn.com time to read: +16 min

Former President Donald Trump and President Joe Biden debate at CNN's Atlanta studios on June 27, 2024. Austin Steele/CNN Trump and Biden were debating each other for the first time since 2020. Austin Steele/CNN Biden's campaign won a coin toss before the debate to choose which side he would stand on. Austin Steele/CNN Supporters of independent candidate Robert F. Kennedy Jr. protest outside the White House on Thursday. Former President Donald Trump and President Joe Biden debate at CNN's Atlanta studios on June 27, 2024.

Persons: Joe Biden, stiffly, Donald Trump, Biden, John F, Kennedy, Richard Nixon, —, Ron Klain, “, Trump, didn’t, parry, Austin Steele, ” Biden, Will Lanzoni, Jill Biden, Jake Tapper, Dana Bash, Adam Rose, CNN US Sen, Marco Rubio, CNN Trump, CNN Biden, Tristen Rouse, Tapper, CNN Tapper, Bash, Robert F, Kennedy Jr, CNN MJ Lee, Mandel Ngan, Megan Varner, Reuters Kennedy, Burk Stringfellow, Troublingly, ”, Van Jones, Kamala Harris, ” Harris, CNN’s Anderson Cooper, Harris, Paul Ryan, Gavin Newsom, Gretchen Whitmer —, Barack Obama, Ronald Reagan, CNN’s Kasie Organizations: CNN, Trump, Democratic Party, Democratic National Convention, Capitol, Atlanta, Voters, Democratic, White, CNN US, Biden, House, CNN Biden's, CNN Biden, White House, Getty, Reuters, Republican, Trump Organization, coalesces, Biden White, Michigan Locations: Atlanta, America, incoherence, Georgia, CNN's, Washington ,, AFP, United States, New York, California

☆ Battered yen pinned near multi-decade low amid resilient dollar
▼ + stars: | 2024-06-27 | by ( ) www.cnbc.com time to read: +2 min

The yen languished near a 38-year low on Thursday and struggled on the weaker side of 160 per dollar, keeping markets on alert for any signs of intervention from Japanese authorities to prop up the currency. The yen languished near a 38-year low on Thursday and struggled on the weaker side of 160 per dollar, keeping markets on alert for any signs of intervention from Japanese authorities to prop up the currency. In the broader market, the dollar was on the front foot and stood near an eight-week high against a basket of currencies, helped in part by a weaker yen and as it rose in step with U.S. Treasury yields. In a carry trade, an investor borrows in a currency with low interest rates and invests the proceeds in higher-yielding assets. Analysts said while the risk of intervention has increased, Japanese authorities could be holding out for Friday's release of the U.S. personal consumption expenditures price index before entering the market.

Persons: Boris Kovacevic Organizations: U.S, Treasury, Ministry of Finance Locations: Japan, Tokyo

☆ Yen weakens past 160 against the dollar, reigniting intervention speculation
▼ + stars: | 2024-06-27 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Persistent weakness in the yen is raising concerns about the potential for a resurgence in cost-push inflation, likely weighing on private consumption. Bloomberg | Bloomberg | Getty ImagesThe Japanese yen hit a near-38 year low against the U.S. dollar late Wednesday, raising expectations that authorities could intervene in currency markets again. Stock Chart Icon Stock chart iconThe last time the yen crossed the 160 level, the currency subsequently strengthened sharply during the trading session, prompting analysts to speculate about an intervention. Japan's Ministry of Finance later confirmed the intervention in May, saying that it had spent 9.7885 trillion yen ($62.25 billion) on currency intervention between April 26 and May 29, according to a Google-translated statement. That was the first time that the Japanese government has undertaken such a market measure since October 2022, according to ministry records.

Organizations: National Printing Bureau, Bloomberg, Getty, U.S ., Japan's Ministry of Finance Locations: National Printing Bureau Tokyo, Tokyo, Japan

☆ How an elite Ukrainian unit is using viral videos to attract hundreds of fresh-faced volunteers a month
▼ + stars: | 2024-06-23 | by ( Cameron Manley | ) www.businessinsider.com time to read: +6 min

The 3rd Separate Assault BrigadeRecruits of the 3rd Separate Assault Brigade taking part in military training. The 3rd Brigade has since become famous for its battle-hardened, fearless approach to combat. While many brigades use social media platforms to advertise and celebrate battlefield wins, the 3rd Brigade is especially skilled at PR. Four Ukrainian soldiers of the 3rd Separate Assault Brigade preparing mortar rounds for intensive firing at a position near Andriivka on September 25, 2023, in Donetsk Oblast, Ukraine. "The Third Assault Brigade falls into the second category."

Persons: —, Volodymyr Zelenskyy, Julia Kazdobina, ANATOLII STEPANOV, Ukraine isn't, Andriy Biletsky, Kazdobina, Elina Beketova, Yurii, Beketova Organizations: Service, Business, Ukrainian Prism's Security, Ukrainian Information, Separate Assault Brigade, Separate Assault, Azov Brigade, 3rd Brigade, Washington DC, Center for, Getty, Radio ROKS, Brigade, Ukraine's Defense, Third Assault Brigade Locations: Ukrainian, Ukraine, Bakhmut, Mariupol, Andriivka, Donetsk Oblast, Kyiv, Dnipro, Lviv, Soviet

☆ China growth worries have hit a big alcohol stock. Why some analysts see a buy opportunity
▼ + stars: | 2024-06-23 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

"Flying Fairy," a 53% alcohol from Shanghai-listed Kweichow Moutai , saw wholesale prices drop by more than 5% in a week. He agreed the drop in wholesale prices won't have a big impact on Moutai's immediate earnings. What's also different about Moutai's stock decline is that investors aren't rushing in to bottom fish as they have in the past, Ye said. "The recent wholesale price drop we think is mostly triggered by the arbitragers in the market," Morningstar's Song said. She expects wholesale prices to increase in coming months given major Chinese holidays in the fall.

Persons: stoking, That's, Jennifer Song, Song, Kweichou Moutai, Ye Yuhua, What's, Ye, Moutai, Huatai, Moutai's, Goldman Sachs Organizations: Nomura, Morningstar, Stock, Capital, Financial Holdings, JPMorgan, Macquarie Locations: Shanghai, Guangzhou, Hainan

☆ Election Updates: Robert F. Kennedy Jr. fails to qualify for CNN debate with Trump and Biden.
▼ + stars: | 2024-06-20 | by ( Chris Cameron | Simon Levien | ) www.nytimes.com time to read: +6 min

He is winning among Black women in the KFF survey by 58 percentage points, but that represents a significant drop from his 86 percentage point margin among Black women in the approach to the 2020 election, according to an average of New York Times/Siena College polls from that election. Mr. Biden’s lead with Hispanic women has also shrunk substantially, to about 12 points. The survey found Mr. Biden’s lead among women overall to be four points. They approve of how Mr. Biden is handling abortion and would like to see him re-elected. In Michigan, nearly 60 percent of Black women say inflation is the most important issue to their vote.

Persons: Biden, Biden’s, Donald J, Trump, “, ”, can’t, Roe, Wade, Ashley Kirzinger, “ It’s, Ms, Kirzinger, Kellyanne Conway, Trump’s, ” “ Joe Biden, Joe Biden, ” Ms, Conway, Ronald Reagan, George H.W, Bush, John Kerry Organizations: Democrat, The New York Times, Republicans, Democratic, Black, New York Times, Republican, Mr, “ Locations: Arizona, Michigan, KFF, Siena

☆ Biden’s Lead With Women Is Smaller Than Trump’s With Men, a Warning for Democrats
▼ + stars: | 2024-06-20 | by ( Ruth Igielnik | ) www.nytimes.com time to read: 1 min

Almost every path to victory for President Biden relies on strong support from women. But his current standing among women is the weakest lead a Democrat has had since 2004, a key factor in how tight the race is. That’s down from a lead among women of about 13 percentage points four years ago. And since the 2020 election, former President Donald J. Trump’s support among men has recovered and is back to the double-digit lead he had in 2016. But every year that Democrats have won the presidency, they have led among women by more.

Persons: Biden, Biden’s, Donald J Organizations: Democrat, The New York Times, Republicans

☆ Copa America 2024 predictions: Who will win it all, how far will the U.S. go? Our writers’ picks
▼ + stars: | 2024-06-20 | by ( The Athletic Soccer Staff | ) www.nytimes.com time to read: +15 min

Click here to follow Copa America on The Athletic and get relevant stories in your personalized feed. AdvertisementMelanie Anzidei: Winning a second Copa America in a row would solidify Argentina’s place as one of football’s greatest teams. With both nations tied on a record 15 Copa America titles each, I’ve got my fingers crossed for a meeting in the final. Cardenas: Luis Diaz scored four goals at the 2021 Copa America, leading Colombia to the semifinals. GO DEEPER The Radar – The Athletic’s Copa America 2024 scouting guideTell us one thing you really want to see happen…Cardenas: The Copa America is such an important tournament for South American countries.

Persons: Angel Di Maria, Lionel Messi, Will Vinicius Junior, Paul Tenorio, I’m, Felipe Cardenas, Messi, Carl De Souza, Jeff Rueter, Melanie Anzidei, Joshua Kloke, Brazil —, Thom Harris, Marcelo Bielsa, I’ve, Tenorio, Lionel Messi Cardenas, Lionel Messi Rueter, Lautaro Martinez Anzidei, Julian Alvarez Kloke, Luis Diaz Harris, Darwin Nunez, Cardenas, Luis Diaz, Diaz, It’s Messi, Vinicius, Gustavo Pagano, Vinicius Jr’s, Harris, … James Rodriguez, Nestor Lorenzo, James Rodriguez, Josh, Jeremy Reper, Enzo Fernandez ’, Yaser, Colombian Phil Foden, Paul, I, Piero Hincapie, Bayer, That’s, Hincapie, Dario Osorio, Alexis Sanchez’s, He’s, Osorio, Santiago Gimenez, Jonathan David, Europe’s, Snagging, … Cardenas, Leon Bailey, Michael Miller, Osorio dazzles, holdovers, Eduardo Vargas, Peru’s Paulo Guerrero, Vargas, Ricardo Gareca’s Organizations: Copa America, The Athletic, Reigning, Argentina, Messi, Saudi, AFP, Getty, Brazil, Guatemala, Inter Milan, C, Uruguay, Group, Colombia, Tenorio, Watford, Bayer Leverkusen, Bundesliga, Premier League, The, Midtjylland, Feyenoord, Canada, Copa, South, U.S, Reggae, MetLife, United, London, Paraguay, Red Bull Arena Locations: United States, Canada, Argentina, Brazil, U.S, Saudi Arabia, Miami, —, Uruguay, Mexico, Colombia, The U.S, Chile, Colombian, England, Asprilla, Ecuador, Chilean, Denmark, Lille, Rueter, Jamaica, Barcelona, Copa America, Spain, Cardenas, Italy, Venezuela, Senegal, France

☆ Ukraine proves it can target the Russian air force's weakest link
▼ + stars: | 2024-06-16 | by ( Michael Peck | ) www.businessinsider.com time to read: +5 min

AdvertisementBut these were pinprick attacks designed to embarrass the Kremlin and demonstrate that nowhere in Russia is safe from Ukrainian attack. The aircraft didn't appear to catch on fire, suggesting the damage wasn't catastrophic, perhaps to be expected from small drones with small warheads. The Akhtubinsk attack suggests that Russian electronic warfare capacity has sufficient breadth to cover the front, but not depth to protect the Russian interior. Much like Russia's vaunted T-14 Armata, the Su-57 has been conspicuous by its absence from the Ukraine war. AdvertisementEven with American-made F-16 fighters arriving soon, Ukraine's air force probably can't drive off Russian jets lobbing glide bombs from 50 miles behind Russian lines, safe behind ground-based air defenses.

Persons: Justin Bronk, Bronk, Su, Michael Peck Organizations: Service, Russian Air Force, Kyiv, Royal United Services Institute, Russian, NATO, West, Stealth, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Russia, British, Ukraine, Ukrainian, Volgograd, Stalingrad, Russian, Forbes

☆ The leaders at this year's G7 summit look weaker than ever
▼ + stars: | 2024-06-14 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +4 min

Read previewThe G7 summit has long been a showcase of global leadership and power. But 2024's group of leaders appears to be one of the weakest that has attended the summit for some time. French President Emmanuel Macron, Italian Prime Minister Giorgia Meloni, US President Joe Biden, and Japanese Prime Minister Fumio Kishida at the G7 summit. 'Brittle at best'Payne argued that some of the G7 leaders aren't outright weak; rather, they face circumstances that threaten their authority. And right now, the domestic foundations of most of the G7 leaders are brittle at best," he added.

Persons: —, Inderjeet Parmar, Emmanuel Macron, Olaf Scholz's, Rishi Sunak, Giorgia Meloni, Joe Biden, Fumio Kishida, Antonio Masiello, Andrew Payne, Payne, Donald Trump, Hunter Biden's, Parmar, aren't Organizations: Service, Business, Politico, City University of London, EU, Olaf Scholz's Social Democrats, Christian Democrats, Social Democrats, White House Locations: Canada, France, Germany, Italy, Japan, Italian, Ukraine

☆ Are Micah and Kaz from 'Perfect Match' season 2 still together?
▼ + stars: | 2024-06-14 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +4 min

Read previewMicah Lussier and Kaz Bishop's relationship seems to be over after the latest batch of "Perfect Match" episodes. She appears in the latest season of "Perfect Match," a Netflix crossover series in which fan favorites from other shows compete and date to find their partner. In episode two, Lussier pairs up with "Dated & Related" alum Kaz Bishop, and the pair wins two couples' challenges in the season. Kaz Bishop on his date with Holly Scarfone in "Perfect Match" season two. While we do not know exactly when "Perfect Match" season two was filmed, it was likely before the fall of 2023, when some contestants had other TV commitments.

Persons: —, Micah Lussier, Kaz Bishop's, Kaz Bishop, Bishop, Holly Scarfone, Lussier, Brittan Byrd, Byrd, Christine Obanor, Scarfone, Izzy Zapata, Micah Lussier's Organizations: Service, Netflix, Business, Netflix Netflix

☆ Yen on guard ahead of BOJ; euro stutters with weekly loss in sight
▼ + stars: | 2024-06-14 | by ( ) www.cnbc.com time to read: +4 min

The yen was on the defensive on Friday ahead of a policy decision from the Bank of Japan that could see it further reduce its massive monetary stimulus, while elsewhere the euro, mired in political turmoil, was headed for a weekly loss. The yen was on the defensive on Friday ahead of a policy decision from the Bank of Japan that could see it further reduce its massive monetary stimulus, while elsewhere the euro, mired in political turmoil, was headed for a weekly loss. The yen was a touch weaker at 157.08 per dollar and on track for a marginal weekly loss of about 0.2%, though moves were largely subdued ahead of the conclusion of the BOJ's two-day monetary policy meeting later on Friday. The euro was little changed at $1.0737, and was poised for a weekly loss of roughly 0.6%. Against the British pound, the euro was last languishing near a 22-month low and staring at a weekly decline of 0.9%.

Persons: Ray Attrill, Wall, Powell, Jean Boivin, Emmanuel Macron's, Macron, France's, Erik, Jan van Harn Organizations: Bank of, National Australia Bank, New Zealand, Federal Reserve, BlackRock Investment Institute, Fed, Aussie, Rabobank Locations: Bank of Japan, BlackRock

☆ I'm a veteran who voted for Trump twice and then supported Nikki Haley. I'm seriously considering Biden over the 'autocrat.'
▼ + stars: | 2024-06-14 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +7 min

This as-told-to essay is based on a conversation with Roger, who is affiliated with the Haley Voters Working Group. The group is comprised of former primary supporters of UN Ambassador Nikki Haley who are supporting President Joe Biden in the general election or considering supporting the president. I'm an old-school Reagan fan, and Nikki Haley is a genuine Republican. Voters know that President Trump is the only person who will beat Joe Biden and take back the White House. President Trump will put America First instead of getting into more wars and more conflict like Biden has done."

Persons: Roger, Nikki Haley, Joe Biden, We've, Trump, Donald Trump, we've, Time, I've, I'm, Mike Pence, Mark Peterson, He's, MAGA, he's, Haley, Biden, Herika Martinez, Reagan, Steven Cheung, President Trump, Jack Smith's Organizations: Service, Haley, UN, Manhattan, Barnum, Republican, AFP, Getty, NATO, Voters, America, FBI Locations: York, United States, Rio Grande, New York City, Chicago, Detroit, Atlanta, Ukraine, Korea, South Carolina, North Korea, Russia, America, Mar

☆ Here are Wednesday's biggest analyst calls: Nvidia, Apple, Skechers, Tesla, GameStop, Birkenstock, Valvoline & more
▼ + stars: | 2024-06-12 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Morgan Stanley upgrades Ciena to overweight from equal weight Morgan Stanley sees "upside potential" for the networking company. Morgan Stanley downgrades Pure Storage to equal weight from overweight Morgan Stanley downgraded the stock mainly on valuation. Goldman Sachs downgrades Birkenstock to neutral from buy Goldman downgraded Birkenstock mainly on valuation. Wells Fargo initiates Skechers at overweight Wells said it's bullish on shares of the footwear company. Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it's possible that Tesla could make a phone.

Persons: Piper Sandler, Piper, it's, Edward Jones, Morgan Stanley, Goldman Sachs, Birkenstock, Goldman, Wells, Wedbush, Needham, HAE, TD Cowen, Cowen, Tesla, Oppenheimer, Salesforce Organizations: Products, Devices, AMD, Paramount, Citi, DAR, Barclays, FI, GameStop, McCormick, Procore Technologies, UBS, Nvidia, hyperscalers, Bank of America, Apple, Fortinet Inc Locations: VVV

☆ French election shock hits stocks and the euro
▼ + stars: | 2024-06-10 | by ( Anna Cooban | ) edition.cnn.com time to read: +4 min

London CNN —The decision by French President Emmanuel Macron to call a snap election after losing to the far right in a vote for European lawmakers roiled markets and the euro Monday. The first round of the French election is scheduled for June 30, followed by the second round on July 7. Under the French system, parliamentary elections are held to elect the 577 members of the lower house, the National Assembly. Higher yields indicate that investors want a bigger premium to buy French bonds given the political uncertainty. “A right-wing majority in the (French parliament) would hamper any reform plans.

Persons: Emmanuel Macron, Macron, Générale, “, ”, Mike O’Sullivan, whittle, Andrew Kenningham, ” Mohit Kumar Organizations: London CNN, BNP, Credit Agricole, National, National Assembly, CNN, Capital Economics, Jefferies Locations: Paris, Europe, —, France

☆ Gold gains as U.S. dollar, yields slip; focus on jobs data
▼ + stars: | 2024-06-06 | by ( ) www.cnbc.com time to read: +1 min

Gold firmed on Thursday as the dollar and Treasury yields retreated on rising bets that U.S interest rate cuts may start as early as September, while investors awaited the U.S. non-farm payrolls data. Gold firmed on Thursday as the dollar and Treasury yields retreated on rising bets that U.S interest rate cuts may start as early as September, while investors awaited the U.S. non-farm payrolls data. Spot gold was up 0.8% at $2,373.31 per ounce as of 0258 GMT, after rising 1% in the previous session. The dollar index was down 0.2%, hovering around a near two-month low, and benchmark U.S. 10-year Treasury yields lingered near their weakest levels in more than two months. "The fundamental outlook still looks constructive for gold as we move closer towards possible Fed rate cuts in the second half of the year.

Persons: Tim Waterer Organizations: Treasury, ., U.S ., KCM, U.S, Federal

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