DIRS.INFO The most relevant business & tech news

☆ Final read on June consumer sentiment revised to 64.4 for second-best print of '23
▼ + stars: | 2023-06-30 | 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 EmailFinal read on June consumer sentiment revised to 64.4 for second-best print of '23CNBC's Rick Santelli reports on the final read on consumer sentiment in June.

Persons: Rick Santelli

☆ SNAP could close the food insecurity gap between Black and white households, study finds. But researchers say there's so much more that could be done.
▼ + stars: | 2023-06-30 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

A new study shows that access to SNAP benefits reduces the racial gap in food insecurity. Black and multiracial households have had higher food insecurity rates than white households over the last 20 years. While Black households had 20% higher food insecurity rates, they were 46% more likely to participate in SNAP than white households. For those not enrolled in SNAP, Black and multiracial households respectively had a 52% and 42% higher risk of food insecurity than white households. When accounting for household characteristics, Black households enrolled in SNAP had a lower rate of food insecurity than white households.

Persons: —, Laura Samuel, Samuel, that's, Gina Plata, Heather Taylor, ., Nino Organizations: SNAP, Service, Black, Nutrition, Johns Hopkins University, Johns Hopkins School of Nursing, Social, Nino, Food Research, Action Center Locations: . Plata, Plata

The yield curve's inversions deepened in June after Fed Chair Jerome Powell indicated that the central bank would likely raise rates two more times this year. Stronger-than-expected economic data on Thursday backed expectations that the Fed will keep interest rates higher for longer. Treasury yields- which move inversely to prices - moved up, with 10-year and two-year yields hitting their highest since March 10 and 9, respectively, while some curve inversions intensified. The spread between one- and 30-year Treasury yields was as wide as 153 basis points on Wednesday, its biggest gap since 1981. Key areas of the U.S. economy, including housing and labor, have proven resilient despite higher rates.

Persons: Jerome Powell, Powell, Janet Rilling, Huw Roberts, Davide Barbuscia, Chuck Mikolajczak, Ira Iosebashvili, Sam Holmes, Aurora Ellis, Nick Zieminski Organizations: YORK, U.S, Treasury, Federal, Allspring Global Investments, Quant, Thomson Locations: U.S

☆ MSCHF’s ‘microscopic’ Louis Vuitton handbag sells for over $63K at Joopiter auction
▼ + stars: | 2023-06-29 | by ( Oscar Holland | ) edition.cnn.com time to read: +3 min

CNN —A minuscule handbag measuring just 657 by 222 by 700 microns (or less than 0.03 inches wide) sold for over $63,000 at an online auction Wednesday. Barely visible to the human eye, the fluorescent yellowish-green bag is based on a popular Louis Vuitton design — though it is the work of a New York art collective, not the luxury label itself. Microscopic 'Louis Vuitton' handbag sold for $63K at an auction, the latest project from art collective MSCHF. MSCHFThe sale was hosted by Joopiter, an online auction house founded by American musician, record producer and designer Pharrell Williams. “Pharrell loves big hats, so we made him an incredibly small bag,” he told the newspaper.

Persons: Louis, Louis Vuitton, Pharrell Williams, Williams, Louis Vuitton’s, Kevin Wiesner, “ Pharrell, MSCHF, ”, Andy Warhol, Damian Hirst, Birkin, Iggy Azalea, Janelle Monáe, ’ Organizations: CNN, Louis Vuitton, Joopiter, New York Times, Nike Locations: New York, Brooklyn, American

☆ RBC: Nike should have a strong earnings print due to markdowns and promotional activity
▼ + stars: | 2023-06-29 | 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 EmailRBC: Nike should have a strong earnings print due to markdowns and promotional activityPiral Dadhania, Executive Director of European Luxury & Premium Brands at RBC Capital Markets, discusses what to expect from Nike earnings.

Organizations: RBC, Nike, European, Premium Brands, RBC Capital Markets

☆ Here are Thursday's biggest analyst calls: Nvidia, Micron, Netflix, Amazon, Disney, TJX, Pfizer and more
▼ + stars: | 2023-06-29 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Goldman Sachs reiterates Micron as buy Goldman said it's standing by its buy rating on the chipmaker after its earnings report Wednesday. JPMorgan reiterates Amazon as overweight JPMorgan said it's bullish heading into Amazon Prime Day in July. Bank of America reiterates Nvidia as buy Bank of America said it sees "AI networking upside" after a meeting with company management. Piper Sandler initiates TJX Companies as overweight Piper said the discount retailer is a top idea for the second half. Deutsche Bank reiterates Pentair as buy Deutsche Bank said Pentair is more than just a pool company.

Persons: Morgan Stanley, Freyr, Goldman Sachs, Goldman, China —, it's, Collette Kress, Networking Gilad Shainer, NVDA, OSK, Piper Sandler, Piper, KeyBanc, Pentair, Oppenheimer Organizations: Micron, Cyberspace Administration, JPMorgan, Amazon, " Bank of America, Nvidia, Bank of America, Networking, TAM, JPMorgan downgrades, Citizens, 2Q, Citi, Netflix Citi, Netflix, UBS, Warner Music, Deutsche Bank, Oshkosh Deutsche Bank, TJX Companies, DIS, Suisse, Pfizer, Credit Suisse, pharma, Spotify, FV Locations: China, 3Q22

☆ ‘And Just Like That …’ Style Recap: The Case of the Missing Birkin
▼ + stars: | 2023-06-29 | by ( The Styles Desk | ) www.nytimes.com time to read: +1 min

When Seema’s Birkin was taken, it sent me right down the rabbit hole to “Sex and the City,” Season 3, when Carrie’s Fendi Baguette was snatched — and then a very similar Baguette reappeared in this episode. Jeremy Allen Once again, purse as plot point! How was that actually quite large Birkin just lying under shrubbery? JA I was also struck by how Covid really became a plot point for the first time in this series — especially sartorially. Callie Holtermann I caught myself laughing a couple of times during this episode — sometimes with the characters and other times at them.

Persons: Vanessa Friedman, Seema’s Birkin, Carrie’s Fendi Baguette, —, Jeremy Allen, Madison Malone Kircher, Louis Lucero, Louis, Birkin, Covid, Carrie, Callie Holtermann Organizations: City, Giuliani’s, York Times Locations: Giuliani’s New York

☆ Flight attendants’ secrets for surviving summer travel
▼ + stars: | 2023-06-28 | by ( Francesca Street | ) edition.cnn.com time to read: +21 min

Navigating air travel at this time of year can be fraught, but it doesn’t have to be – and if anyone’s got intel on smoothly and successfully surviving summer travel, it’s the flight attendants who’ve seen it all. But the flight attendants say the lost sleep is worth it in the long run. Andrew adds that this advice is especially crucial if you’re flying internationally, suggesting that whatever you consider a “normal” connection time, you should probably double if you’re flying long haul. Consider whether check-in luggage is necessaryThe flight attendants always travel with carry-on luggage only and generally speaking encourage others to do the same. Rich Henderson, flight attendantOften flight attendants are just as clueless as passengers.

Persons: anyone’s, who’ve, Rich Henderson, Andrew Henderson, Rich, Andrew, Essence Griffin, who’s, ”, Griffin, “, hasn’t, There’s, you’re, that’s, you’ve, “ They’ll, it’s, ” Rich, she’s, they’ve, ” Griffin, she’d, They’ve, there’s, Andrew’s, Ying Tang, we’ve, Andrew points, Rich haven’t, I’ve, “ I’m, They’re, ’, –, ” Rather, what’s, “ We’re, It’s, aren’t, ” Griffin’s, ” Andew Organizations: CNN, intel, ”, Netflix Locations: There’s, Europe, Duesseldorf, Germany

☆ Thierry Le Gouès’s intimate photos are a ‘love letter’ to ’90s supermodel era
▼ + stars: | 2023-06-28 | by ( Marianna Cerinni | ) edition.cnn.com time to read: +7 min

“It’s a love letter to that time — a collection of some of the pictures I am most fond of,” Le Gouès said in a phone interview from Paris, where he is based. Thierry Le Gouès/Courtesy powerHouse BooksMost of the photos appeared in magazine spreads or fashion campaigns, which were Le Gouès’ main outlets at the time. Thierry Le Gouès/Courtesy powerHouse BooksIndeed, Le Gouès’ images are strikingly dramatic. “The ‘90s was a decade of experimentation, and that’s what I did when it came to my photos,” Le Gouès said. The other was Kate Moss, whose gold-painted portrait eventually ended up gracing the front of “90’s.” Le Gouès shot the image for British Esquire.

Persons: Kate Moss, Naomi Campbell, Linda Evangelista, Calvin Klein’s, Moss, Mark Wahlberg, ”, Cindy Crawford, Iman, Carla Bruni, Thierry Le Gouès, “, ” Le Gouès, Le Gouès, he’d, Le, “ I’ve, ” Naomi Campbell, John Galliano, Azzedine Alaïa, Alexander McQueen, Carla Bruni’s, Bruni, Eva Herzigová, Elle Macpherson, Campbell, Tatjana Patitz —, Naomi, Kate, ” Kate Moss, She’s Organizations: CNN, —, Vogue, Esquire, “ Locations: Paris

Maternity clothes can be a frustrating expense, but budgeting for them is possible if you plan ahead. It's usually better to wait until you're sure you'll need an item rather than getting everything early. You can buy used maternity clothes and sell or donate items you no longer need later. What kind of Mother's Day sale excludes maternity clothes? Inflation is high, and maternity clothes are typically neither FSA-eligible nor tax deductible.

Persons: —, you'll, Belle, PinkBlush Organizations: Service, Navy Locations: Target

☆ A Reuters journalist explores his ancestors’ ties to slavery
▼ + stars: | 2023-06-28 | by ( ) www.reuters.com time to read: +38 min

It took me a few minutes of research to figure out why I was losing track of the descendants of the people George Julian enslaved. If the racial cleansing of Forsyth County was mentioned, I didn’t notice. Still hopeful that I might be able to somehow identify and locate living descendants of the people my family enslaved, I flew to Georgia last November. Her father was also a butler for a wealthy white family, her mother a cook. In 1860, Osby’s ancestors were enslaved and working the fields of Forsyth County.

Persons: Julian, Abijah’s, George Julian, George, ”, Adaline, –, Abijah, Dick, Lott, Aggy, Henry, Lewis, Ellick, Jim, Josiah, Reuben, Woodrow Wilson, Rob Edwards, Black, Oprah Winfrey, Forsyth, “, Cumming, who’d, Abijah Julian, ” Gov, Joseph Mackey Brown, ‘ Dick, I’d, Grandma Horseyfeather, Brice gesturing, ” I’d, Grandma Horseyfeather’s, – I’ve, “ Lott, Abijah Julian’s, Richard Julian, Charlotte Julian, Richard, Charlotte, George Julian’s, She’d, “ I’m, That’s, Martin Luther King, wasn’t, Sophia Dodd, Dodd, Elon Osby, – Dodd, Osby, Bailey, George H, Julian ” –, – “, ” Osby, ” Dodd, Ida Julian ., Ida Julian’s, Ida ., Ida hadn’t, Ida Julian, Bagley, Willie M, Willie Mae Bagley, Willie Mae Butts, Elon Butts Osby, Osby’s, ’, Elon Osby’s, Ida Bagley, William Bagley, Adaline Julian, Richard Julian –, Abijah Julian –, she’d, we’ve, you’ve, ELON, crunched underfoot, could’ve, Abijah John Julian ”, Webster, I’ve, weren’t, “ We’re, – we’re, …, Horseyfeather, gesturing, “ You’re, Tom Lasseter, Corinne Perkins, Wong, Jeremy Schultz, Catherine Tai Design, John Emerson, Blake Morrison Organizations: ., Reuters, ”, Black, Charlotte, Toyota, Atlanta History, Elon, Lockheed, Tiffany, Atlanta Housing Authority, Task Force, Mazda, American Legion, United, Confederacy Locations: Forsyth, Negros, negros, Virginia, . Civil, Georgia, Cumming, U.S, Forsyth ., Dawson, Atlanta, Tulsa , Oklahoma, Jefferson County , Georgia, Forsyth County, Charlotte, Thai, Macedonia, Buckhead, Bagley, America, Fulton County, Fulton, Bagley Park, Iraq, Afghanistan, Osby, England, Juneteenth, Brooks County

☆ 28 Things Every Student Needs to Pack for College
▼ + stars: | 2023-06-27 | by ( Lisa Lombardi | ) www.wsj.com time to read: +12 min

One of these plug-in air fresheners will keep a dorm room smelling good, and each scent refill lasts for over a month. Aromatherapy diffuserTakeout meals from the dining hall and dirty laundry sure can stink up a tiny dorm room. But with an aromatherapy diffuser, you can keep a dorm room smelling great and exude calm vibes. Bed risers with USB portsHold N' Storage Bed Risers with Power Outlet and USB Ports $48 at AmazonTo add under bed storage, you can’t beat bed risers, says Saltman. These Hold N’ Storage bed risers elevate a bed by 7.25 inches, providing room for extra bins and luggage.

Persons: Lisa Lombardi, —, ”, Barbara Reich, “, Lauren Saltman, Will, Jamie Vacca, Decker, expanders Max, Covid, Vacca’s, Covid —, they’re, it’s, ” Vacca, Command Hooks, Tuck, Clay White, Bellamy Richardson Organizations: Facebook, YouTube, University of Wisconsin – Madison, Walmart, Apple Cider, Amazon, University of Wisconsin, Emory University, Washington University, “, Command, Target, tote Locations: New York City, Newfields, Florida, Alaska, Ikat

☆ Leaked audio of Trump saying he has a 'secret' document that he knows he can't declassify is 'even more damning than it reads in the indictment,' one expert said
▼ + stars: | 2023-06-27 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +4 min

An audio clip obtained by CNN shows Trump saying he has a "highly confidential" document. Renato Mariotti, a former federal prosecutor, said on Twitter Monday the audio clip was "even more damning than it reads in the indictment." In the audio, Trump says "I have a big pile of papers" as it sounds like someone rifling through pages. "This totally wins my case, you know," Trump says, "except it is like highly confidential, secret — this is secret information." The audio clip shared by CNN ends with Trump saying to someone, "Hey, bring some Cokes in please."

Persons: Trump, —, Donald Trump, Jack Smith's, Renato Mariotti, Hillary, Hillary Clinton, Anthony Weiner Organizations: CNN, Service, FBI, Trump, Twitter, Fox News, National Archives Locations: Lago, Iran

☆ Leaked audio of Trump saying he has a 'secret' document that he knows he can't declassify is 'more damning than indictment,' one expert said
▼ + stars: | 2023-06-27 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +4 min

☆ Exclusive: CNN obtains the tape of Trump’s 2021 conversation about classified documents
▼ + stars: | 2023-06-26 | by ( Jeremy Herb | ) edition.cnn.com time to read: +6 min

CNN —CNN has exclusively obtained the audio recording of the 2021 meeting in Bedminster, New Jersey, where President Donald Trump discusses holding secret documents he did not declassify. Hear the conversation Listen to audio exclusively obtained by CNN of a July 2021 conversation during which former President Donald Trump acknowledges he held on to a classified Pentagon document about a potential attack on Iran. “These are the papers,” Trump says in the audio recording, while he’s discussing the Pentagon attack plans, a quote that was not included in the indictment. The audio recording comes from a July 2021 interview Trump gave at his Bedminster resort for people working on the memoir of Mark Meadows, Trump’s former chief of staff. While that’s the last line included in the indictment, the audio recording obtained by CNN includes several additional lines from the conversation:Trump: “It’s so cool.

Persons: Donald Trump, “ Anderson Cooper, Jack Smith’s, Trump, ” Trump, Hillary Clinton’s, ” “ Hillary, ” Trump’s, “, Anthony Weiner, Bret Baier, Mark, –, Mark Milley, Milley, ”, ’, Weiner, ‘, ’ ” Trump Organizations: CNN, Pentagon, Democratic, Fox News, Fox, Yorker, Joint Chiefs, Trump, Defense Department, FBI Locations: Bedminster , New Jersey, Iran, Lago, Palm Beach , Florida, Bedminster, Mark Meadows

☆ Shares in Japan's JSR untraded on surprise possible buyout
▼ + stars: | 2023-06-26 | by ( Sam Nussey | ) www.reuters.com time to read: +2 min

JSR's market capitalisation was 677 billion yen ($4.71 billion) at Friday's market close. JIC would spend about 1 trillion yen on the acquisition, the Nikkei newspaper reported, injecting 500 billion yen into a new company to make the purchase and borrowing 400 billion yen from Mizuho Bank. JSR is a top supplier of photoresists, which are light-sensitive chemicals used to print patterns on wafers, to global chipmakers. JSR, which was set up in 1957 as a government-backed producer of synthetic rubber, reported a 20% jump in sales to 408.9 billion yen in the year ended March, while operating profit declined 33% to 29.4 billion yen. Shares in JSR, which unusually for a Japanese company has a foreign-born CEO, have gained 25% year-to-date.

Persons: JIC, Travis Lundy, Sam Nussey, Jamie Freed Organizations: JSR, Japan Investment Corp, Nikkei, Mizuho Bank, JIC, Quiddity Advisors, Thomson Locations: TOKYO, China, United States, Japan, Tokyo

☆ As Legal Fees Mount, Trump Steers Donations Into PAC That Has Covered Them
▼ + stars: | 2023-06-25 | by ( Shane Goldmacher | Maggie Haberman | ) www.nytimes.com time to read: +1 min

Facing multiple intensifying investigations, former President Donald J. Trump has quietly begun diverting more of the money he is raising away from his 2024 presidential campaign and into a political action committee that he has used to pay his personal legal fees. The change, which went unannounced except in the fine print of his online disclosures, raises fresh questions about how Mr. Trump is paying for his mounting legal bills — which could run into millions of dollars — as he prepares for at least two criminal trials, and whether his PAC, Save America, is facing a financial crunch. When Mr. Trump kicked off his 2024 campaign in November, for every dollar raised online, 99 cents went to his campaign, and a penny went to Save America. But internet archival records show that sometime in February or March, he adjusted that split. Now his campaign’s share has been reduced to 90 percent of donations, and 10 percent goes to Save America.

Persons: Donald J, Trump Organizations: Save Locations: Save America, America

☆ Why this in-flight magazine is the fashion industry’s new must-read
▼ + stars: | 2023-06-25 | by ( Nick Remsen | ) edition.cnn.com time to read: +7 min

Model Ismael Savane pictured in an Air Afrique T-shirt during Paris Fashion Week Mens Spring-Summer 2023 on June 23, 2022 in Paris. “We want to revive the African transcendence that Air Afrique represented,” Lamine Diaoune, the founder and creative director of the Air Afrique collective, said in a statement. It really was about more than just flights.”An Air Afrique stewardess, pictured during training in Abidjan, Côte d’Ivoire, in 1971. The cover of Air Afrique magazine's first issue, featuring the French rapper Tiakola (far right). (All members of the Air Afrique collective have backgrounds in creative fields; each also has projects outside of the group, too.)

Persons: Michel Renaudeau, Côte, Senegal —, Ismael Savane, Melodie Jeng, ” Lamine Diaoune, ”, Djibi Kébé, ” Kébé, “, Côte d’Ivoire, they’ve, Bottega, Tiakola, Lamine Diaoune, Djiby Kébé, Jeremy Konko, Amandine Nana, Zhedy Nuentsa, Bamba Thiam, Axel Pelletanche, ” Nana, Paul Kodjo, Marie, Hélène Tusiama, Tusiama, ’ ” Pope Jean, Paul II, Jean, Claude Delafosse, Pope Jean, Abdel El Tayeb, El Tayeb, Matthieu Blazy, El Tayeb’s Organizations: France CNN, Afrique, Air, Central African, Paris, Centre Pompidou, Air Afrique, “, Air Afrique Air Afrique’s, Franco, El Locations: Paris, France, New York City, Mauritania, Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Côte d’Ivoire, Gabon, Niger, Republic of, Congo, Senegal, West Africa, New York, Abu Dhabi, Europe, Abidjan, Côte, Dakar, West, Africa, Ivory Coast, ”, ‘, Sudanese, El

☆ Jim Cramer: Here's my outlook on stocks for the rest of 2023 — and how I'm playing it
▼ + stars: | 2023-06-25 | by ( Jim Cramer | ) www.cnbc.com time to read: +13 min

A 6% solution to no inflation from the stock market. But not enough, again, because of the wave of money that's now flowing through the sand of the economy. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: —, Jensen Huang, Jensen, ChatGPT, Leonardo Da Vinci, Tesla, Elon, let's, Jerome Powell, Powell, Joseph Stalin, dismissively, FANG, That's, Wall, LEN, Salesforces, Cook, Zuckerberg, Huang, Jim Cramer's, Jim Cramer, Jim, Jim Cramer Rob Kim Organizations: Apple, Microsoft, Nvidia, Treasury, Federal Reserve, Tesla, Fed, Boeing, Devices, Adobe, Toll, Royal, Holdings, Musk, Jim Cramer's Charitable, CNBC Locations: Ukraine, Royal Caribbean

☆ Bitcoin rallies 17% this week as institutional interest in the asset picks up
▼ + stars: | 2023-06-24 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

For many crypto investors, this week felt like the beginning of a new era – and ironically, it was driven by the old guard of financial institutions. Bitcoin ended the week up 17.1% at $30,864.67, according to Coin Metrics, for its best week since March 17. At one point on Friday, bitcoin rose to as much as $31,412.72 , its highest level since June 8, 2022. BlackRock filed an application for its spot bitcoin ETF June 15, spurring a flurry of fund filings from other asset managers. In the past two weeks, bitcoin's trading volume has increased 0.5% on a week-over-week basis, according to JPMorgan.

Persons: Bitcoin, bitcoin, Polygon, Yuya Hasegawa, Invesco, Charles Schwab, CNBC's, it's, Owen Lau, Oppenheimer, Lau, Hasegawa Organizations: Solana, Securities and Exchange Commission, Nasdaq, SEC, BlackRock, Fidelity Digital Assets, Citadel Securities, JPMorgan Locations: Cardano

☆ Costco's iconic $1.50 hot dog combo has a viral T-shirt design celebrating its cult status
▼ + stars: | 2023-06-24 | by ( Nicolas Vega | ) www.cnbc.com time to read: +1 min

Costco's famous $1.50 hot dog and soda combo is more than a great lunch deal. It's an object of corporate mythology, an inflation-proof icon and, most recently, a TikTok famous T-shirt design. A quick Google search for "Costco hot dog shirt" brings up dozens of results from retailers all over the web with designs featuring the no-frills signage found in every Costco food court. They have rapidly spread across the web thanks to a viral TikTok from Eaton Print Shop. "I had the idea to draw it," Jacob said of the Costco signage.

Persons: Jacob, Craig Jelinek, Jim Sinegal, Jelinek Organizations: Eaton Print, Costco Locations: Eaton

☆ British Museum apologizes after using translator's work in China exhibition without pay or acknowlegment
▼ + stars: | 2023-06-23 | by ( Jessie Yeung | ) edition.cnn.com time to read: +6 min

CNN —When the British Museum launched its “China’s hidden century” exhibition last month, writer and translator Yilin Wang began getting confusing messages from her peers. No, Wang replied: She’d never been contacted by the museum, which used her work without permission, pay or acknowledgment. It added that “China’s hidden century” had involved more than 400 people from 20 countries, and that those involved had “spent years, together with scholars worldwide,” putting it all together. A British Museum worker pictured in the "China's hidden century" exhibition ahead of its public opening. The British Museum did not respond immediately to CNN’s request for comment.

Persons: Yilin Wang, Qiu Jin, Wang, —, She’d, “, James Manning, ”, It’s, NameTheTranslator, …, ” Wang Organizations: CNN, British Museum, Twitter, Museum, British, UK’s Arts, Humanities Research, “, Google Locations: London, Qing China, British

☆ A 20-year fund manager shares 8 mega-trend stocks he's betting will take market share — and the 5 he's shorting
▼ + stars: | 2023-06-23 | by ( Laila Maidan | ) www.businessinsider.com time to read: +8 min

Gary Black says the stock market will continue to trend higher with volatility this year. What the remainder of 2023 has in store for the stock market is anyone's guess at this point. But Gary Black, a 20-year fund manager, and the portfolio manager and managing partner at The Future Fund, has a more positive outlook. The next mega trend is big data and cyber security. mega trend losersOn the side of stocks being shorted, these are the companies that Black expects will lose market share due to these mega trends.

Persons: Gary Black, Phillip Wool, it's, Black, He's, cybertruck, Tesla, Elon Musk, Eli Lilly, Lilly, LULU, Armour Organizations: Federal, Federal Reserve, EV, Tesla, Company, Palo Alto Networks, Nvidia, Toyota, CNBC, Bloomberg, UA, MAX Holdings Locations: China's, overproducing

☆ Here are Friday's biggest analyst calls: Meta, Apple, Uber, Target, SoFi, Nike, Amazon, GM and more
▼ + stars: | 2023-06-23 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Friday's biggest calls on Wall Street: Morgan Stanley reiterates Apple as overweight Morgan Stanley said in a note Friday that it sees several reasons for share outperformance. Morgan Stanley upgrades Evotech to overweight from equal weight Morgan Stanley said the drug discovery and development company is well-positioned for artificial intelligence. As such we are upgrading to Market Perform with a $44 price target." Morgan Stanley reiterates Snowflake as overweight Morgan Stanley said it's bullish heading into the company's upcoming investor day. Barclays reiterates Uber as overweight Barclays raised its price target on Uber to $70 per share from $57 and says it's well-positioned.

Persons: Morgan Stanley, Apple, Stephens, KeyBanc, Wells, Armour, Wells Fargo, JPMorgan Chase, Valvoline, underperform SVB, Wayfair, Snowflake, it's, Uber, Roth, Bernstein, Jefferies Organizations: Deutsche Bank, Nike, Sovos Brands, UAA, Outsized NA, JPMorgan, Global Products, Securities, Bed, Barclays, Amazon, Citi, General Motors Locations: China, Italian, downgrades, EBITDA

☆ Diversity takes center stage at the new National Portrait Gallery in London
▼ + stars: | 2023-06-22 | by ( Nicole Mowbray | ) edition.cnn.com time to read: +7 min

London CNN —When The National Portrait Gallery opened its doors to the public in London on Thursday, it was the first time in three years it has done so. The National Portrait Gallery was officially opened by Catherine, Princess of Wales, seen standing in front of Joshua Reynolds’ Portrait of Mai (Omai). Why would the National Portrait Gallery commit to taking this work they wouldn’t see until it’s finished, 90% of which is created by non-artists? What did she do?” Haworth told the National Portrait Gallery about the figure. Some art critics have been scathing of the gallery’s rework, with Jonathan Jones at the Guardian dubbing it “the same old cocktail party.” His review begins: “The National Portrait Gallery has been closed for three years.

Persons: Princess Catherine of Wales, ”, Jamie Fobert, Purcell, The Mary Weston, David Parry, Tracey Emin, Sam Taylor Johnson’s, David Beckham, Zadie Smith, Toyin Ojih Odutola, Sir Michael Eavis, Peter Blake, Ada Lovelace, Margaret Sarah Carpenter, Catherine , Princess of, Joshua Reynolds ’, Mai, Paul Grover, Jann Haworth, Liberty Blake, Boudicca, Elizabeth I, Mary Beard, Beatrix Potter, Agatha Christie, Nicola Adams, Pepper’s, Haworth, ” Blake, “, ” Jann Haworth, Toby Hancock, Blake, “ It’s, ’ It’s, it’s, ” Haworth, Oliver Hess, Jonathan Jones, Nicholas Cullinan, You’ll Organizations: London CNN, Jamie Fobert Architects, Getty, Chanel Culture Fund, Olympic, Beatles, Art, CNN, Guardian Locations: London, United Kingdom, Britain, The, Nigerian American, Glastonbury, British, Catherine , Princess of Wales, AFP, Salt Lake City

Search resuls for: "Print"

25 mentions found