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☆ Chief money managers are using the stock-market carnage to funnel into key sectors. Here's what they're buying.
▼ + stars: | 2024-08-06 | by ( Laila Maidan | ) www.businessinsider.com time to read: +7 min

Thursday brought more negative news from the jobs market: unemployment insurance claims for the week ending July 27 were up by 14,000 from the previous week to 249,000. Stepping back from last week's weak data, chief investment officers and top strategists say the market is overreacting, and they're using this as a buying opportunity. Related storiesSimilarly, the manufacturing data is not as foreshadowing as it seems on the surface. "But the ISM manufacturing data can be a leading indicator of S&P earnings, particularly the new order number." "If you look at non-US stocks and you look at their valuations, they're trading at about 13 times earnings," Calcagni said.

Persons: Dow, we've, Philip Straehl, Morningstar, Goldman Sachs, Jan Hatzius, Alicia Levine, Levine, it's, what's, Morningstar's Straehl, Simeon Hyman, Hyman, Donald Calcagni's, Calcagni Organizations: Service, Nasdaq, Institute for Supply, Business, BNY, Big Tech, Mercer Advisors Locations: Americas

☆ 'Hot money is saying sayonara': Japan fund manager names outperforming sector to buy amid sell-off
▼ + stars: | 2024-08-06 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

As Japanese stocks plummet, confirming a bear market, there are opportunities in small-cap and domestic-focused companies, according to fund manager Richard Kaye. 'Yen is just getting normal' Kaye believes the Yen's appreciation is a return to normalcy rather than an anomaly. "If you look even on Friday in all the bloodbath, domestic names, small cap names [were] actually outperforming," he noted. Indeed, the MSCI Japan Small Cap index has fallen 8.6% since July 11, outperforming the 14.4% decline in the MSCI Japan index on a local currency basis. In U.S. dollar terms, the losses, while proportionate, are smaller, with ETFs such as the iShares MSCI Japan Small-Cap ETF falling by 2.1% compared to the iShares MSCI Japan ETF, which is down 8.9% over the same period.

Persons: Richard Kaye, Kaye, Yen, CNBC's, They've, Warren, sayonara, I've Organizations: Growth, Toyota, Sony, U.S ., Japan ETF, Kobe, U.S, Mitsubishi, Mitsui, Sumitomo Locations: Comgest, Japan

☆ CNBC Daily Open: Dow sheds 1,000 points, Japan stocks rebound
▼ + stars: | 2024-08-06 | by ( Abid Ali | Kevin Lim | ) 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. The Dow plummeted over 1,000 points, while the S&P 500 and Nasdaq Composite fell 3% and 3.4%, respectively. Wharton finance professor Jeremy Siegel urged the Federal Reserve to make an emergency 75-basis-point cut in the federal funds rate following Friday's disappointing jobs data. Siegel believes the current fed funds rate "should be somewhere between 3.5% and 4%," citing the higher-than-expected unemployment rate and declining inflation as reasons for the cuts. "How much have we moved the fed funds rate?

Persons: Berkshire Hathaway, Amit Mehta, Wharton, Jeremy Siegel, Siegel, Austan Goolsbee, Goolsbee, CNBC's, Korea's Kospi, Richard Kaye Organizations: CNBC, Dow Jones Industrial, Dow, Nasdaq, Tech, Nvidia, Tesla, Berkshire, Google, Department of Justice, Federal Reserve, Chicago Federal, Nikkei, Honda, Renesas Electronics, CSI Locations: U.S, Asia, Pacific

☆ UBS says 'going into Japan now is like catching a falling knife,' warns stock sell-off will continue
▼ + stars: | 2024-08-05 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

watch nowGoing into the Japanese market at this moment is akin to catching "a falling knife," Kelvin Tay, regional chief investment officer at UBS Global Wealth Management, told CNBC's "Squawk Box Asia." Stock Chart Icon Stock chart icon"The only reason why the Japanese market is up so strongly in the last two years is because the Japanese yen has been very, very weak. It strengthened sharply after the BOJ raised its benchmark interest rate last week to around 0.25% and decided to trim its purchases of Japanese government bonds. A stronger yen pressurizes Japanese stock markets, which are heavily dominated by trading houses and export-oriented firms by eroding their competitiveness. Ueda also said the 0.5% interest rate level — Japan has not seen that since 2008 — was not a barrier, and rates could go even higher.

Persons: Kelvin Tay, CNBC's, Tay, Kazuo Ueda, Ueda, — Organizations: UBS Global Wealth Management, Nikkei, U.S, Bank of, Reuters Locations: Japan

☆ I live in Boston and New York City. Supercommuting is hard, but I'm unwilling to sacrifice my personal or professional life.
▼ + stars: | 2024-08-04 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +8 min

Read previewThis as-told-to essay has been adapted from a conversation with Sophie Rae, a 27-year-old graphic designer and artist, who lives in both Boston and New York City. AdvertisementSophie Rae lives in Boston and New York City. Sophie RaeI was like, "OK, this could be a really good excuse to have that New York moment in my life, in my career." My boyfriend lives in Boston, and his whole family lives in the surrounding area. He was with me when I got the job offer, and he was the first one to say, "OK, you've got to say yes.

Persons: —, Sophie Rae, I've, It's, They're, it's, you've, he's, You'll Organizations: Service, Business, Amtrak, Netflix Locations: Boston, New York City, New York, York, Massachusetts

☆ In a tricky box office summer, how can indie cinemas survive?
▼ + stars: | 2024-08-03 | by ( Alicia Wallace | ) edition.cnn.com time to read: +11 min

Minneapolis CNN —For 90-plus years, the Parkway Theater has been a fixture in South Minneapolis, gathering generation after generation of patrons in front of its lone movie screen. The Parkway Theater of today is one part revival house cinema, one part performing arts venue, and another part community event space. Parkway Theater owners Ward Johnson (left) and Eddie Landenberger in the theater lobby in Minneapolis on July 8. Moviegoers at a drive-in movie theater in the parking lot of the Rose Bowl in Pasadena, California, on September 3, 2020. Still, cinema operators have to be cautious in their approach, said Kate Markham, administrative coordinator with Art House Convergence, a coalition of independent, community-oriented cinemas.

Persons: David Hancock, Omdia’s, “, ” Hancock, “ Young Frankenstein ”, moviegoing, ”, Ward Johnson, Eddie Landenberger, Christian Meoli, —, Ricard Gil, Michael Tullberg, ” Gil, “ Barbie, Ward, Alicia Wallace, ” Johnson, ” Andrew Sherburne, “ We’re, Meoli, there’s, showmen, Bing Guan, ’, Bill Campbell, showmen ”, Rich Daughtridge, they’ll, ” Campbell, Kate Markham Organizations: Minneapolis CNN —, Parkway, CNN, Omdia, Theater, Cinelounge, Wim, Queen’s University, Disney, El Capitan Theatre, Hollywood, Global Entertainment, Media, Blockbuster, Rose Bowl, Bloomberg, Independent Cinema Alliance, Orpheum, ICA, Art, cineplex Locations: Minneapolis, South Minneapolis, London, California, Canada, Los Angeles , California, —, Iowa City , Iowa, That’s, Tiburon , California, Pasadena , California, Covid, Sheridan , Wyoming, Maryland

☆ Kamala Harris: Inside the final days of her vice presidential decision
▼ + stars: | 2024-08-03 | by ( Edward-Isaac Dovere | ) edition.cnn.com time to read: +10 min

The vice president likes to take her time with decisions. “This is a decision that is not just a campaign decision,” Transportation Secretary Pete Buttigieg said in an unrelated interview with CNN last week. “The vice president has a very deeply personal decision to make right now. Andy Beshear and several other governors over to her residence for what became a gripe session about the Biden campaign in February. Obama reminded his former vice president that they had not gotten along well at first.

Persons: aren’t Kamala Harris, Harris, it’s, “, ” Harris, they’re, Josh Shapiro, Joe Biden’s, –, they’ve, Pete Buttigieg, Shapiro, Harris –, Biden, Mike Pence, don’t, Tim Walz, JB Pritzker, Andy Beshear, Beshear’s, Arizona’s Mark Kelly, Doug Emhoff, ”, Cedric Richmond, ” Richmond, Barack Obama, Eric Holder, Dana Remus, Donald Trump’s, Lorraine, Tony West, Jen O’Malley Dillon, Obama, Adam Schiff, ” CNN’s John King Organizations: CNN, Naval, Democratic Party –, Pennsylvania Gov, Staff, Biden, Veterans, Publishers Clearing House, Minnesota Gov, Illinois Gov, Kentucky Gov, Senate, Harris, White, Trump, Democratic, California Democrat Locations: Houston, Philadelphia, Pennsylvania, Minnesota, Illinois, Kentucky, California, Louisiana, Arizona

☆ The Marines are testing its mobile drone-killing machine, equipped with Stinger missiles and machine gun turrets, for full deployment
▼ + stars: | 2024-08-02 | by ( Hope Seck | Sandboxx News | ) www.businessinsider.com time to read: +8 min

Related stories"MCOTEA uses a mission-oriented context in operational testing to relate evaluation results to the impact on the Warfighter's ability to execute missions," the guidebook states. "Focusing on the mission context during operational test planning and execution provides a more robust operational test environment and facilitates evaluation goals." While the real-world MADIS system will be equipped not only with Stinger missiles but also with 30mm machine gun turrets, officials said the tests so far have only involved training ammo. This fall, 3rd LAAB will finally get its first 13 MADIS systems right as the weapon achieves initial operating capability, marking it ready for combat. Program managers said earlier this year that the Marine Corps wants a total of 190 MADIS and 21 L-MADIS systems.

Persons: —, USS Boxer, jammer, MADIS, Cpl, Apollo Wilson, Lance Cpl, Jack C, Howell MADIS, Morgan Blackstock, Neil Mabini Col, Andrew Konicki, Blackstock, Taylor Barefoot, Barefoot, Robert Barclay, Barclay, Matthew Romonoyske Organizations: Service, Marine Air Defense Integrated, Marines, Air Battalion, Business, Tactical Vehicles, USS, 22nd Marine Expeditionary Unit, Polaris, Military, . US Marines, Marine Air Defense, US Marine Corps, Marine Corps, DoD, MCOTEA, Marine Air Defense Integrated System, MADIS, Marine Corps Systems Command, Sandboxx, " Systems, Mk1, US Navy, Air Defense, Corps, Unmanned, Systems, US Marines Locations: Strait, Hormuz, Yuma, America, Philippine, Camp Pendleton , California, Washington ,, Bataan

☆ Southport stabbings: Far-right disinformation fuels riots across UK
▼ + stars: | 2024-08-01 | by ( Kara Fox | ) edition.cnn.com time to read: +6 min

Far-right demonstrators chanted anti-migrant, anti-Muslim slogans at the London rally that turned violent on Wednesday. He added that, while the algorithm played a part, there was also a “huge amount of organizing happening” in a variety of different places that are not algorithmically oriented – for example in far-right groups on the instant-messaging platform Telegram. Like what was being shared on X and other platforms, the Telegram group “Southport Wake Up,” also posted false information about the alleged suspect. Hours after the attack, the group’s creator sent out the details for the first protest: Meet near a Southport mosque on Tuesday. The “Southport Wake Up” group is still active, and on Thursday, posted calls for similar disruptions at Muslim centers in other cities across England.

Persons: Bebe King, Elsie Dot Stancombe, Alice Dasilva Aguiar, Keir Starmer, Benjamin Cremel, Neil Holyoak, Axel Rudakubana, Tim Squirrell, “, who’s, ”, Squirrell, ’, ” Squirrell, Starmer, Downing, ” CNN’s Jessie Gretener, Duarte Mendonça, Ivana Kottasová, Radina Gigova Organizations: CNN, England, ”, city’s Metropolitan Police, London, Getty Images Met, Southport stabbings, Institute for Strategic, Communications, Intelligence Service, Telegram, Southport, Southport Wake Locations: Southport, London , Manchester, Hartlepool, Downing, Manchester, London, AFP, Banks , Lancashire, Cardiff , Wales, England

☆ Americans aren't spending like they used to, and it's forcing a reckoning for companies from Starbucks to Whirlpool
▼ + stars: | 2024-07-31 | by ( Alex Bitter | Dominick Reuter | ) www.businessinsider.com time to read: +7 min

Read previewShoppers are slowing down spending on everything from burgers to dishwashers, and that's bad news for a growing number of companies. While inflation has since cooled, Americans are still stuck with higher prices for many of the things they buy. Shoppers are slowing down food spending — even at grocery storesThe spending slowdown has hit restaurant chains, which have launched new deals to get customers in the door. Over the past two years, income growth has helped consumer spending beat expectations, Jefferies analyst Corey Tarlowe said in a note on Monday. One bright spot in consumer spending: Cruises, which are seeing record demand.

Persons: —, McDonald's, Burger, Taco, Jefferies, ETIENNE LAURENT, Laxman Narasimhan, It's, Dirk Van de, Van de, Andrew M, Watterson, Michael Liersch, Wells, Corey Tarlowe, Horacio Villalobos, dreuter@businessinsider.com Organizations: Service, PepsiCo, UPS, Business, Shoppers, Burger King, Taco Bell, Starbucks, Getty, Walmart, Bureau of Labor Statistics, Unilever, Whirlpool, Airlines, Jefferies, Costco Locations: Pellegrino, North America

☆ A.I.’s Benefits Outweigh the Risks - The New York Times
▼ + stars: | 2024-07-31 | by ( David Brooks | ) www.nytimes.com time to read: +6 min

I’m optimistic, paradoxically, because I don’t think A.I. I don’t think A.I. In fact, I think instead of replacing us, I think A.I. are based on an underestimation of the human mind. “mind” is like the human mind.

Persons: —, Michael Ignatieff, Angus Fletcher, ”, it’s, It’s, Peter Thiel, Tyler Cowen, A.I, “, ” Keats Organizations: Ohio State University, Harvard Business School, Boston Consulting Group Locations: Canadian

☆ Get paid to visit luxury hotels and spas around the world—here's how
▼ + stars: | 2024-07-31 | by ( Nicolas Vega | ) www.cnbc.com time to read: +3 min

That's the opportunity available with the newest round of openings at Forbes Travel Guide, which evaluates the best hotels, restaurants, spas and cruises in the world. "We want our guests to think and behave like an average luxury traveler and carry out this role as if they were actually traveling." FTG inspectors are required to try food and drinks at the properties they visit in order to create a comprehensive appraisal. Because evaluators use their own cards when booking stays and travel, they accumulate a substantial amount of credit card rewards. For trips where a companion is required, FTG will cover their expenses as wellOne thing that will disqualify you right off the bat?

Persons: evaluators, they're, Amanda Frasier, Frasier, FTG Organizations: Forbes Travel, CNBC Locations: luxe, Americas, Asia, Europe

☆ S&P 500 futures are little changed as Wall Street awaits Fed decision: Live updates
▼ + stars: | 2024-07-30 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

S&P 500 futures are near flat Tuesday night as investors parsed the latest earnings reports and readied for the Federal Reserve monetary policy decision coming Wednesday afternoon. Futures tied to the broad index lost 0.1%, while Nasdaq 100 futures ticked higher by 0.2%. Fed funds futures are pricing in a strong likelihood that central bankers will keep rates steady at the 5.25% to 5.5% range, according to CME's FedWatch Tool. The S&P 500 and Nasdaq are tracking to end July down 0.4% and 3.3%, respectively. The Dow and Russell 2000 are slated to finish the month higher by more than 4% and 9%, respectively.

Persons: Dow, Russell, Jerome Powell, CME's, Powell, Bryce Doty Organizations: New York Stock Exchange, Federal Reserve, Nasdaq, Dow Jones, Microsoft, Sit Investment, Fed, Boeing, Albemarle, Qualcomm, Etsy

☆ Why Silicon Valley Is Going to War Against the Media, Journalists
▼ + stars: | 2024-07-30 | by ( ) www.businessinsider.com time to read: +21 min

Just 20 years ago journalists covered the tech industry "like it didn't matter, like it was this hobbyist, interesting, plucky thing." The pro-tech media gives tech's main characters the chance to write their way back to the original storyline. Trae Stephens, a partner at Founders Fund, described Pirate Wires as a kind of daily affirmation for Silicon Valley. Related storiesTrae Stephens, a partner at Founders Fund, described Pirate Wires as a kind of daily affirmation for Silicon Valley. Of the members of the news media I talked to about pro-tech media, some were backhandedly laudatory.

Persons: Mike Solana, Solana, Peter Thiel, —, David Sacks, Jason Calacanis, Chamath Palihapitiya, David Friedberg, Elon Musk, Sam Altman, Tucker Carlson, Donald Trump, There's, Coogan, John Coogan, Andreessen Horowitz, Marc Andreessen, they're, Balaji Srinivasan, Mark Zuckerberg, Donald Trump's, Tyler Le, Sam Bankman, Warren Buffett, Trae Stephens, Andreessen, Palmer Luckey, It's, Dick Lucas, Lucas, Joe Rogan, Kamala, Stephens, Packy McCormick, Taylor Lorenz, Ryan Mac, Kevin Roose, Jesse Singal —, Casey Newton, Casey isn't, Casey, Newton, Erik Torenberg, Anthony Fauci, Ellen Pao, Katherine Maher, George Soros, Joe Biden, Chesa Boudin, Boudin, Gavin Newsom, Palihapitiya, Sacks, Trump, JD Vance, Brian Merchant, Ben Smith, Eric Newcomer, he's, Lulu Cheng Meservey, Balaji Srinivasan's, Zoë Bernard Organizations: Fund, Tech, Founders Fund, Apple, Elon, Elite, Sequoia Capital, Pirate, Penguin Group, Big Tech, Card Industry, Washington Post, TechCrunch, Media, NPR, Google, Disney, Twitter, Republican National Convention, Bloomberg, monetization, San, Business Locations: San Francisco, Substack, Silicon Valley, New York, Silicon, Solana, Miami, Francisco, California, Los Angeles

☆ 3 signs your boss is a narcissist—'they don't appear to be listening and learning,' Harvard professor says
▼ + stars: | 2024-07-30 | by ( Aditi Shrikant | ) www.cnbc.com time to read: +3 min

"The essence of being a narcissist is that you're about yourself, you're for yourself, and you're less others-oriented," she says. Narcissistic bosses are likely to take credit for things that go well and to dodge blame for things that don't. Because a narcissist is trapped in the idea that only their thoughts are important, listening to others is burdensome to them. "If I praise you, it makes me look good and, if I'm your boss, it makes me look even better. How to cope with a narcissistic boss

Persons: Amy Edmondson, Edmondson, Edmonson, Ramani, Durvasula, isn't, Narcissists, It's Organizations: Harvard Business School, CNBC, Harvard Business Locations: Los Angeles

☆ Miss USA Pageant Is Being Destroyed by Its Scandals
▼ + stars: | 2024-07-29 | by ( Anneta Konstantinides | ) www.businessinsider.com time to read: +22 min

AdvertisementAccording to the longtime Miss USA official, the significant shift was ushered in by the former Miss Universe Organization president Paula Shugart, who produced the Miss USA, Miss Teen USA, and Miss Universe pageants from 2001 until 2020. Benjamin Askinas/The Miss Universe OrganizationCheslie Kryst, who won Miss USA in 2019, defended the #MeToo movement during her interview round. It was a remarkably different experience from those of past titleholders like Miss USA 2013 Erin Brady Colagiovanni and Miss Teen USA 2017 Sophia Dominguez-Heithoff. AdvertisementThough they were "brand ambassadors" of the organization, Voigt and Srivastava couldn't even post on the Miss USA and Miss Teen USA social-media pages. Advertisement"I don't know that Miss USA is relevant right now," the longtime Miss USA official said.

Persons: Noelia Voigt, Voigt, Miss Teen USA UmaSofia Srivastava, Crystle Stewart, Stewart, Max Sebrechts, Laylah Rose, We're, we're, Rose, Srivastava, Craig Barritt, Srivastava haven't, they'd, Kansas Haley Berger, Jackeline Voigt, Barbara Srivastava, Barbara, They'd, Jackeline, Srivastava's, Miss Colorado Arianna Lemus, Stephanie Skinner —, Kimberly Nicewonder, Miss Virginia, Paula Miles —, South Carolina —, Rose's, It's, Ryan Miles, Paula, she's, Brian Ach, Miss Rhode, We've, we've, Paula Shugart, Shugart, Amber Hulse, I've, Olivia Culpo, Donald Trump, Benjamin Askinas, Miss Universe Organization Cheslie Kryst, Kára McCullough, Kryst, Hulse, Miss Utah Noelia Voigt, Rachelle di Stasio, Miss Colorado, Lemus, Rachel Slawson, Merissa Underwood, Voigt's, Rose wouldn't, Noelia, Laylah, Claudia Michelle, Chance Yeh, Michelle, Miss USA's, Kimberly Clark, Erin Brady Colagiovanni, Sophia Dominguez, Colagiovanni, Dominguez, Heithoff, Srivastava couldn't, Amanda Jones, Jones, Terkel, — Organizations: Miss, Business, Miss Teen USA, Miss USA, Representatives, Teen USA, Miss Hawaii Savannah Gankiewicz, Miss Teen Virginia, New York, hiTechMODA, Miss Texas, Miss Rhode Island's, Miss Universe Organization, Fox, Miss USA Miss, New York Times, —, Supermodels, Miss Teen, CW Locations: Miss USA, USA, Miss, Miss Virginia, Alabama , Louisiana, North, South Carolina, Miss South Dakota, South Dakota, Utah, America

☆ How ‘cat lady’ became an insult for women of a certain age
▼ + stars: | 2024-07-27 | by ( Scottie Andrew | ) edition.cnn.com time to read: +12 min

CNN —The stereotypical “cat lady” is one of pop culture’s most bizarre characters — and easiest punching bags. And though Vance’s description of “cat lady” didn’t include “crazy,” madness has been associated with “cat ladies” for over a century. “There is something about the independence of cats, something I like about them, which can be linked with a suspicion of independent women,” said Alice Madicott, whose book “Cat Women” prods the “crazy cat lady” stereotype. Many women proudly reclaim ‘cat lady’So-called cat ladies have been reclaiming the term for more than a century. And since Vance’s comments resurfaced this week, “childless cat lady” is now appearing on new merchandise including bumper stickers and yard signs.

Persons: Eleanor Abernathy, “ Big Edie ” Beale, She’s, Robert DeNiro, She’s …, Kamala Harris, Donald Trump’s, Sen, JD Vance, Tucker Carlson, “, ”, Harris, “ We’re, they’ve, ” Vance, Pete Buttigieg, we’ve, Harris “, Fiona Probyn, doesn’t, ” She’s, Rapsey, Vance, ’, haggard, Bastet, Corey Wrenn, Wrenn, Amir Makar, Agnes Waterhouse, Alice Madicott, untameable, Linda Rodriguez McRobbie, couldn’t, ” Rodriguez McRobbie, Havisham, Charles Dickens ’, Rodriguez McRobbie, Jane Austen, Miss Bates, “ Emma ”, Austen, spinsters, Hart Ayrault, Tom Cats, William Henry Ellam, Ken Florey, suffragettes, Big, Susan Michals, ” Michals, Women’s suffragists, suffragists Nell Richardson, Alice Burke, Michals, she’s, Michelle Pfeiffer, Zoë Kravitz, Halle Berry, Catwoman, who’s, Pfeiffer, Kravitz’s, Holly Golightly, Taylor Swift, Raymond Hall, ” Madicott, Swift, Kerstin Emhoff, Harris ’, Ella Emhoff, Jennifer Aniston, ’ —, Swifties Organizations: CNN, University of Wollongong, Democratic, University of Kent, Roman, Getty, Boston Globe, United, American Veterinary Medical Association Locations: Springfield, Australia, Egypt, Alexandria, AFP, Europe, England, “ Grey, New York, United States

☆ How a second Trump administration might risk the investment case for green energy
▼ + stars: | 2024-07-27 | by ( Hakyung Kim | ) www.cnbc.com time to read: +9 min

For years, China ramped up green energy production capacity, becoming the global leader in renewable energy manufacturing, from solar to wind to battery. In a second Trump administration, prices for imports from China are likely to surge for green energy producers. The view is that First Solar will benefit the most within the U.S. solar sector from greater trade restrictions, according to Baird. Ultimately, that may curtail the number of green energy startups and private companies that want to go public, Schleif said. "It's been really hard to compete with Chinese companies in any way, shape or form."

Persons: Donald Trump, Trump, Biden, Baird, Ben Kallo, Green, Carol Schleif, Schleif, Joe Biden, Andy Poreda, Tobin Marcus, Wolfe, TAN, Morgan Stanley, Elon Musk's, Advisory's Poreda, Poreda, It's Organizations: P, BMO Family Office, Biden White, Sage Advisory, Republican, Senate, White, Wolfe Research, Republican National Convention, Biden, JPMorgan, Materials Corp Locations: China, U.S, North America, Albemarle

☆ Activist Trian has a few levers to pull to build shareholder value at Solventum
▼ + stars: | 2024-07-27 | by ( Kenneth Squire | ) www.cnbc.com time to read: +8 min

Business: Solventum , formerly known as 3M Health Care, is a global health-care company that was spun out from 3M on April 1 . As a standalone company, Solventum has been under-covered and misunderstood by the market. There is also no shortage of examples of Trian being a valuable corporate governance-oriented investor and creating tremendous shareholder value from the board level. While Trian has a history of being an active shareholder, the firm has also created tremendous shareholder value as an engaged director. Moreover, if there is an opportunity to divest one or more businesses, shareholders would have comfort with a financially astute shareholder representative on the board to evaluate competing offers to assure the maximization of shareholder value.

Persons: Trian, Nelson Peltz, Peltz, Solventum, Pepper, Ingersoll Rand's, Russell, Ken Squire Organizations: Health, 3M, What's, Bloomberg, Dental Solutions, Information Systems, Electric plc, Kraft Foods, Dow, General Electric, GE, GE HealthCare, GE HealthCare Technologies, 13D Locations: Solventum

☆ Japan for Kids: Pikachu Is Just the Start
▼ + stars: | 2024-07-25 | by ( David Lahuta | ) www.nytimes.com time to read: 1 min

Japanese cities like Tokyo and Kyoto, are traditionally known for shrines, temples and historic cultural sites. But as the birthplace of anime, manga and, of course, Pokémon, Japan is also a pop culture powerhouse and a hotbed of kid-friendly activities, from practicing ninja skills to spending time with Snorlax. For a family trip, “the beauty of Japan is you can walk five steps and easily attract the attention of a child,” said Ramesh Krishan, who goes by the name RamKy and whose company, Japan Unfiltered, specializes in candid tours of Tokyo, Mount Fuji and other destinations. “It could be a capsule toy-dispensing machine, a karaoke bar with interesting desserts on display, or even the peppy music heard playing inside train stations.”Here are six stops on a family-oriented tour of the country’s most-visited cities.

Persons: ”, Ramesh Krishan Organizations: Mount Fuji Locations: Tokyo, Kyoto, Pokémon, Japan

☆ Want to cash in on emerging markets? Buy these ETFs, portfolio manager says
▼ + stars: | 2024-07-25 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

Interest in emerging markets has been growing and investors are now looking out for sectors and stocks best placed to benefit. "Emerging markets are too important to ignore," says Malcolm Dorson, a senior portfolio manager at the U.S.-headquartered Mirae Asset, which has around $600 billion in assets under management. "Emerging markets have a multi-decade story with significant opportunities. More than 4 billion people live across emerging markets, Dorson noted, adding that each country will have "significant domestic consumption stories [and] long-term opportunities." One of the simplest routes to investing in emerging markets is through exchange-traded funds.

Persons: Malcolm Dorson, Dorson, Javier, Milei Organizations: CNBC Pro, India Active, Global, India, Companies, Infosys, Reliance Industries, Tata Consultancy, U.S . Federal, Brazil Active, Brazil IMI, Argentina IMI, Fitch, IMI Locations: U.S, India, Brazil, Brazilian, FactSet, Argentina, American, Greece, Europe

☆ The ‘Olympic Picasso’ finally finds recognition for his athletics-inspired art
▼ + stars: | 2024-07-25 | by ( Don Riddell | ) edition.cnn.com time to read: +8 min

In June, his work, “A Race Against Time” was featured alongside art world legends like Rembrandt, Rodin, Andy Warhol and Banksy in a weighty French tome called “Le Sport dans L ’Art” (Sport in Art). I was like, ‘Wow, how did this happen?’“I didn’t realize how much French artists and French movements had really influenced me as an artist. The ‘Olympic Picasso’ Roald Bradstock finally finds recognition for his athletics-inspired art. “I’d rather have somebody vomit next to my work than ignore it.”The ‘Olympic Picasso’ Roald Bradstock finally finds recognition for his athletics-inspired art. “He was always a big supporter of my Olympic career and supportive of my artistic abilities but was a little frustrated that I didn’t take to other languages,” he said.

Persons: Roald Bradstock, wasn’t, He’d, Paul Dickenson, Bradstock –, –, ”, Rembrandt, Rodin, Andy Warhol, Banksy, Pierre de Coubertin –, Bradstock, It’s, “, ” Bradstock, he’s, He’s, I’m, I’ve, Pierre de Coubertin Organizations: CNN, Beaux, Olympic, IOC, Artists, Impressionist, Los Angeles, Bradstock, Great Britain, London Games, CNN Sport, Southern Methodist University in Locations: British, Angeles, Seoul, Art, French, Paris, Great, Southern Methodist University in Texas

☆ 'I just wanted to take a break:' Some early-stage founders are putting their startup dreams on hold in the tech downturn to try corporate life
▼ + stars: | 2024-07-24 | by ( Ben Bergman | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewMehak Vohra has been a startup founder ever since she dropped out of college in 2016. But earlier this year, she shut down Skillbank and joined a bigger tech company as its head of marketing. That has early-stage startup founders who founded companies during the free-flowing boom cycle that ended in 2022 rethinking whether they want to be founders after all. I have a much bigger social life now, and I don't feel bad about going out."

Persons: —, you've, Ishita Arora, Arora, Jacek Prus, Prus, Sri Chandrasekar, Chandrasekar, I've Organizations: Service, Jamocha Media, Business, Instrumentl, Animal, Point72 Ventures Locations: San Francisco

☆ 2024 Paris Olympics viewer’s guide: NBC’s plans, Snoop Dogg, and the big ratings question
▼ + stars: | 2024-07-24 | by ( Richard Deitsch | ) www.nytimes.com time to read: +18 min

Follow our Olympics coverage in the lead-up to the Paris Games. The Paris Games will have more programming hours on the NBC broadcast network than any previous Olympics. NBC is upping its celebrity presence for its Olympic coverage in Paris, headlined by Snoop Dogg. “Research shows that it is a challenge to keep viewers after 10 p.m. ET,” NBC Olympics producer Rob Hyland said. NBCUniversal owns the U.S. media rights to the Olympic Games through 2032, so Paris (2024), Milan-Cortina (2026), Los Angeles (2028) and Brisbane (2032).

Persons: Peacock, Molly Solomon, NBC’s, “, ” Solomon, Solomon, Snoop, Snoop Dogg, Christian Petersen, Kelly Clarkson, Peyton Manning, Mike Tirico, Alex Cooper, Leslie Jones, Kevin Hart, Kenan Thompson, Colin Jost, Cooper, Simone Biles, Manning, Ryan Crouser, Jones, Katie Ledecky, Sha’Carri Richardson, Lily Collins, Anna Hall, Ledecky, LeBron James, Sydney McLaughlin, Kelly Campbell, Peacock’s, Scott Hanson, Andrew Siciliano, Jac Collinsworth, Matt Iseman, Akbar Gbajabiamila, ”, Al Michaels, Mark Lazarus, Sanya Richards, Ross, Rowdy Gaines, Tim Daggett, Laurie Hernandez, Samantha Peszek, Misty, Julie Foudy, Dwyane Wade, LaChina Robinson, Michael Phelps, Dan Hicks, Gaines, Maddie Meyer, they’ll, Rob Hyland, Andres Cantor, Rebecca Lowe, Craig Melvin, Ahmed Fareed, Damon Hack, Maria Taylor, Cara Banks, Laura Britt, Trenni Casey, Lindsay Czarniak, Carolyn Manno, Kathryn Tappen, John Roethlisberger, “ John, He’s, …, breaststroker Lilly King wagged, Ryan Murphy, Sunny Choi, Victor Montalvo, Joe Gesue, Ron Vaccaro, NBCU, it’s, NBCUniversal, Rick Cordella, Dan Goldfarb, Stuart Franklin Organizations: Paris, NBC, Paris Games, U.S, Tokyo Olympics, Olympics, NBC Olympics, NBC’s, Getty, NBC Sports, Tokyo Games, Beijing, Games, USA, CNBC, Golf Channel, Telemundo, Universo, NBCOlympics.com, “, ”, NFL, NBCUniversal Media, Paris La Défense, Research, Olympic, Grand Palais, Concorde, NBC Sports ’, Olympic Games, Cortina Locations: Paris, Beijing, Pyeongchang, South Korea, Central, Pacific, U.S, Paris ”, Teahupo’o, Tahiti, Rio de Janeiro, Brazil, China, Rio, Tokyo, Peacock, United States, Versailles, Grand, London, Russian, Norway, South Carolina, Milan, Los Angeles, Brisbane, French

☆ Inside Best Buy's push to get back to sales growth, cash in on AI craze
▼ + stars: | 2024-07-23 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +7 min

One of Best Buy's major hopes to drive sales comes from artificial intelligence-enabled laptops and smartphones. Best Buy expects revenue to range from $41.3 billion to $42.6 billion, a decline from $46.3 billion last year. (Best Buy is among the retailers that have participated in the Amazon-created retail holiday by offering up its own deals.) The collection, which includes roughly 40 different items with about 40% exclusive to Best Buy, began to get delivered in mid-June. A Best Buy store in Woodbridge, Virginia, US, on Tuesday, May 21, 2024.

Persons: Melissa Repko, Corie Barry, Barry, Steven Zaccone, Gram, Nathan Howard, headwinds Organizations: CNBC, Citi Research, Adobe Analytics, Apple, Samsung, Microsoft, YouTube, company's, Bloomberg, Getty Locations: Secaucus, N.J, Woodbridge , Virginia

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