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☆ Stocks are in a sweet spot but bears still fear a bubble is near bursting. Here's what 5 forecasters are saying about a potential crash.
▼ + stars: | 2024-06-16 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +6 min

Here's what five forecasters have to say about the latest rally — and why they think the stock market is headed for a fall. In 2009, he wrote a book predicting a stock market crash and ensuing economic depression, which he said could last for 10 years or more. The research firm is predicting the S&P 500 could see a steep correction following a rally to 6,500. Yet, that could end up being an excellent opportunity for investors who are diversified in other areas of the market, Bernstein said. AdvertisementTypically, there are eight warning signs of a market bubble forming, and six of them have already flashed, the bank said.

Persons: Stocks, —, haven't, Harry Dent Stocks, Harry Dent, Dent, John Higgins, Higgins, John Hussman, Hussman, Richard Bernstein, Bernstein Organizations: Service, Nasdaq, Apple, Nvidia, Fox Business Network, Stocks, Capital Economics, John Hussman Elite, UBS

☆ The rise in sports betting and gambling violations by pro athletes, in 4 charts
▼ + stars: | 2024-06-15 | by ( Annette Choi | ) edition.cnn.com time to read: +4 min

As pro athletes deal with the ramifications of betting on games, a growing number of people are also grappling with mental health issues associated with sports betting. Gambling addiction hotlines across the country have reported a huge surge in traffic in recent years. Texts and chats to the National Problem Gambling Helpline have increased around 800% since 2018 while call volume grew nearly 80%. The annual national social cost of problem gambling — including job loss and gambling-related criminal justice — amounts to around $14 billion, according to the National Council on Problem Gambling. In January, Sen. Richard Blumenthal and Rep. Andrea Salinas introduced the Gambling Addiction Recovery, Investment, and Treatment Act, which would use federal funding to treat and study problem gambling.

Persons: Tucupita, Jontay Porter, Robert Manfred, —, There’s, LeBron James, ”, Charlie Baker —, National Collegiate Athletic Association —, Sen, Richard Blumenthal, Andrea Salinas Organizations: CNN, Major League Baseball, San Diego Padres, National Basketball Association, Toronto Raptors, MLB, US, State helplines, of Ohio, National Council, Sports, American Gaming Association, Leagues, NBA, ESPN, National Collegiate Athletic Association, Investment Locations: New Jersey, Nevada, Washington, DC, Massachusetts, Las Vegas

☆ Investing in Space: Virgin Galactic enters spaceflight hiatus after retiring Unity
▼ + stars: | 2024-06-13 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +3 min

Virgin Galactic founder Sir Richard Branson, far left, and CEO Michael Colglazier, far right, stand with the crew of the Galactic 07 mission. But Virgin Galactic needs a great suborbital spaceship. But it's a far cry from the forecast Virgin Galactic sold investors on – more than 3,000 "cumulative passengers flown" by 2023 – when it went public five years ago. But that leaves a hiatus before the first Delta spacecraft debuts, with the key target of a first commercial flight in 2026. As a reminder, human spacecraft development is often years delayed, and Virgin Galactic has in the past been no exception: Virgin Galactic was supposed to begin spaceflights in 2010, but didn't until 2018.

Persons: Sir Richard Branson, Michael Colglazier, CNBC's Michael Sheetz, Galactic's, Colglazier, That's, Virgin Organizations: Virgin Galactic, VSS Unity, Galactic, Unity, VSS Imagine, VSS Inspire, VSS, Delta

☆ Millennial Transformed Car-Repair Shop Into Tiny Triangular Dream Home
▼ + stars: | 2024-06-13 | by ( Maria Noyen | ) www.businessinsider.com time to read: +1 min

Richard Brown converted a tiny, triangular car-repair shop into a home for himself and his fiancée. But Brown said it's the perfect size and is now set up to be their dream work-from-home space. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Case in point: a triangle-shaped former car-repair shop in London that architect Richard Brown and his fiancée bought for over £200,000, or around $250,000. They then converted the 430-square-foot space into a livable home via a $127,000 renovation, creative thinking, and a lot of elbow grease.

Persons: Richard Brown, Brown, — Organizations: Service, Business Locations: London

☆ These top ETFs and funds are beating the S&P 500 — and analysts still see further upside
▼ + stars: | 2024-06-12 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

The first half of the year has generally been good for the market, with the S & P 500 and the Nasdaq repeatedly reaching record highs. Year-to-date, the S & P 500 is up around 13% and the Nasdaq has risen 14.9%. Against that uncertain backdrop, investors might be looking at exchange-traded funds or mutual funds to diversify their investments. Morningstar provided the list of top-performing funds, which all beat the S & P 500. Using FactSet, that list was screened for funds that analysts give 10% or more upside, and that at least half give a buy rating.

Persons: Thomas Poullaouec, Rowe Price, Ed Clissold, Ned Davis, Morningstar, Richard Bernstein Organizations: Nasdaq, U.S . Federal Reserve, Ned, Ned Davis Research, CNBC Pro, Copper Miners, X Copper Miners, Industrial, Richard Bernstein Advisors Locations: Asia, Pacific, U.S, Turkey

☆ Mega-cap stocks are overvalued and risk a big correction, according to a CIO. Here's why that presents a 'monstrous' buying opportunity.
▼ + stars: | 2024-06-11 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

The stock market's leaders are overvalued and could suffer a big correction, RBA's Richard Bernstein said. The RBA chief investment officer pointed to a discrepancy between the debt and equity markets, which could hint at a soon-to-come market correction. But, only a narrow group of stocks are dominating the equity market, which implies profits aren't expanding for most companies. While large-cap stocks tanked during the lost decade of the 2000s, small-cap, energy, and emerging market stocks did exceedingly well. In a previous note, he said the stock market's shifting leadership from the most-hyped names to underloved equities presents once-in-a-generation opportunity for investors.

Persons: RBA's Richard Bernstein, —, Richard Bernstein, Bernstein, Goldman Sachs, Goldman Sachs Research Bernstein, Russell Organizations: Service, Wall Street, Apollo, Bloomberg, Goldman Sachs Research, Nasdaq

☆ Boeing CEO to testify in Senate hearing June 18
▼ + stars: | 2024-06-05 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Boeing CEO Dave Calhoun will testify before a Senate panel on June 18 to answer lawmaker questions about whistleblower allegations and quality control at the aircraft maker as it navigates a safety crisis. The hearing comes after a company engineer alleged the assembly of Boeing's 787 Dreamliners put excessive stress on the planes and reduce their lifespans, allegations Boeing called inaccurate. "We are committed to fostering a culture of accountability and transparency while upholding the highest standards of safety and quality." Boeing has been trying to regain its footing in the wake of two deadly crashes of its bestselling 737 Max in 2018 and 2019. Calhoun in March said he would step down by year's end, part of a broad executive shake-up at the plane maker.

Persons: Dave Calhoun, Sen, Mark Warner, Calhoun's, Richard Blumenthal, Conn, Dreamliners, Max, Calhoun Organizations: Capitol, Washington , D.C, Boeing, Investigations, Federal Aviation Administration, Alaska Airlines, FAA Locations: Washington ,

☆ McConnell suggests 'discipline' for Dem senators pressuring Supreme Court over Alito flags
▼ + stars: | 2024-06-05 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

Senate Minority Leader Mitch McConnell, R-Ky., suggested Wednesday that the Supreme Court should punish at least two Democratic senators over their calls for Justice Samuel Alito to recuse himself from key cases related to former President Donald Trump. Richard Blumenthal of Connecticut and Sheldon Whitehouse of Rhode Island are bound by court rules that "provide for discipline against those who engage in conduct unbecoming an officer of the court," McConnell said on the Senate floor. But McConnell singled out Blumenthal and Whitehouse because they are members of the Supreme Court bar. They are therefore "potentially engaged in unethical professional conduct before the court," McConnell said of Blumenthal and Whitehouse, both of whom are members of the Senate Judiciary Committee. The responses from Roberts and Alito confirm that they also viewed the communication as public, Whitehouse added.

Persons: Mitch McConnell, luncheons, Samuel Alito, Donald Trump ., Richard Blumenthal of, Sheldon Whitehouse, McConnell, Alito, Blumenthal, Whitehouse, John Roberts, Leonard Leo, Roberts, Dick Durbin, Clarence Thomas, Wednesday's Organizations: Democratic, Donald Trump . Sens, Richard Blumenthal of Connecticut, Trump, American, CNBC, Wall Street, Capitol, Durbin Locations: Ky, Washington, Rhode, Virginia

☆ A human performance scientist shares the 9 supplements he takes daily for gut, brain, and muscle health
▼ + stars: | 2024-06-04 | by ( Kim Schewitz | ) www.businessinsider.com time to read: +12 min

Read previewA human performance scientist who's coached elite athletes and celebrities, from the LA Clippers to Travis Barker, shared the nine supplements he takes daily for gut, brain, and muscle health with Business Insider. It can involve taking supplements or undergoing medical treatments that might not be backed by robust scientific evidence as an insurance policy. AdvertisementWhether taking collagen supplements supports joint health or improves joint-related conditions such as osteoathritis is a tricky question to answer based on the information currently available. AdvertisementGalpin takes 200 mg a day of magnesium for muscle health, recovery, and sleep. Galpin takes 5,000 International Units daily for muscle, brain, and gut health.

Persons: —, who's, Travis Barker, Andy Galpin, he's, They're, Richard Bloomer, There's, Galpin, it's, Paul T, von Hippel, Harvard T.H, Rami N, It's, Dorin Organizations: Service, LA Clippers, Business, California State University, Fullerton, BI, Memphis University, Harvard Medical School, Harvard Medical, sharaff, Mayo Clinic . Studies, Cleveland Clinic, MD Anderson Cancer Center, University of Texas, Harvard, of Public Health, American Sports, Fitness Association, University of California Irvine School of Medicine, UCI Sleep Disorders, Research Locations: Austin, Chan, Europe, Asia, Mount Sinai

☆ OPEC to Meet Amid Signs of Waning Influence on Oil Prices
▼ + stars: | 2024-05-31 | by ( Stanley Reed | ) www.nytimes.com time to read: +1 min

Over the past two years, the group known as OPEC Plus has agreed to a succession of cuts to oil output. The oil producers’ assumption has been that these trims would be temporary, but they have begun to take on an air of permanence as prices have been relatively subdued. Any relaxation of cuts would risk sinking prices in what looks like a soft market, analysts say. It is a frustrating situation for oil producers like Iraq and the United Arab Emirates, which could pump additional crude, bolstering their budgets. Saudi Arabia’s oil minister, Prince Abdulaziz bin Salman, who is expected to lead the meeting, relishes surprises, so other outcomes are possible.

Persons: That’s, ”, Richard Bronze, Mr, Bronze, Prince Abdulaziz bin Salman Organizations: Plus, United Arab Emirates Locations: Iraq, Saudi Arabia, Russia, Saudi

☆ Alito tells lawmakers he will not recuse from Supreme Court cases despite flag controversy
▼ + stars: | 2024-05-29 | by ( John Fritze | ) edition.cnn.com time to read: +8 min

“The two incidents you cite do not meet the conditions for recusal,” Alito wrote in a letter distributed by the Supreme Court. Supreme Court justices rarely get into a back-and-forth with lawmakers and many members of the court do not explain their reasons for recusing – or not. Video Ad Feedback See how GOP lawmakers reacted to Judge Alito's flag controversy 01:24 - Source: CNNThe Supreme Court is weighing major cases tied to the 2020 election and the attack on the US Capitol. From Google“I had no involvement in the decision to fly that flag,” Alito wrote. Justice Alito also told Fox News the neighbor used the term “c*nt” at one point during the exchanges.

Persons: Samuel Alito, ” Alito, Alito, recusing, Alito's, Donald Trump’s, Jack Smith’s, “, –, Martha, Ann Alito, Samuel Alito's, Illinois Sen, Dick Durbin, ” Durbin, ”, ” Sen, Sheldon Whitehouse, Clarence Thomas ’, —, Sen, Richard Blumenthal, CNN’s Kaitlan Collins, John Roberts, Thomas, Hank Johnson, Alito’s, ” Johnson, Trump, Justice Alito, “ Alito, SCOTUS, Roe, Wade, CNN’s Piper Hudspeth Blackburn, Kate Sullivan, Jack Forrest, Morgan Rimmer, Tierney Sneed, Holmes Lybrand Organizations: CNN, Supreme, Trump, US Supreme, Google, ’, recusal, Democratic, Illinois Democrat, Rhode Island Democrat, Connecticut Democrat, Georgia Democrat, United States Supreme, New York Times, Fox News, Times, Republicans Locations: Alexandria, Virginia, New Jersey, Long Beach, Illinois, Connecticut, Georgia, House

☆ Virgin is facing a brand nightmare after its cruise giveaway went horribly wrong
▼ + stars: | 2024-05-24 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +1 min

Virgin Voyages faces backlash after a free cruise winner said she has to pay $8,000 in flight costs. The cruise line's Australia voyages were canceled due to tensions in the Red Sea. Brand experts say Virgin should cover flight costs or offer different prizes to maintain trust. AdvertisementVirgin Voyages is dealing with a PR nightmare after a woman who won a free cruise said she'd have to pay $8,000 in flights to claim her prize. The adults-only cruise line, owned by Richard Branson's Virgin Group, is known for giving away free prizes to promote its various international sailings across Australia, Europe, and the Caribbean.

Persons: —, Richard Branson's, Morgan Organizations: Brand, Service, Richard Branson's Virgin Group, Caribbean ., Australian Broadcasting Corporation, ABC, Business Locations: Australia, Red, Europe, Caribbean, Australian, Melbourne, Tasmania

☆ If Live Nation gets busted up by the feds, we’ll have Taylor Swift to thank
▼ + stars: | 2024-05-24 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

“It is time to break it up.”It is difficult to overstate just how thoroughly Live Nation, which acquired Ticketmaster more than a decade ago, controls live entertainment in America. Through Ticketmaster, Live Nation controls 80% of venues’ primary ticketing for concerts. There’s a fine line between vertical integration and all-out monopoly, and Live Nation is, at minimum, very clearly toeing it. Artists, fans and venues have been complaining about Live Nation and Ticketmaster pretty much since they agreed to merge in 2009. Live Nation, Wolfson said, is likely to come out swinging.

Persons: CNN Business ’, Caitlin Clark, wasn’t, General Merrick Garland, Swift, Taylor, Sen, Richard Blumenthal, Garland, Swiftie, ” Adam Wolfson, Quinn Emanuel, Eventbrite, Wolfson, … we’re, there’s Organizations: CNN Business, New York CNN, Justice Department, Ticketmaster, DOJ, Artists, Senate, Democrats Locations: New York, United States, America, North America, “

☆ Live Nation, Ticketmaster’s parent company, sued in groundbreaking monopoly lawsuit
▼ + stars: | 2024-05-23 | by ( Brian Fung | Hannah Rabinowitz | ) edition.cnn.com time to read: +6 min

Washington CNN —The US government and dozens of states sued Live Nation in a groundbreaking antitrust lawsuit on Thursday, alleging that for years the parent company of Ticketmaster abused its industry dominance to harm concertgoers nationwide. It is time to break up Live Nation-Ticketmaster.”In a statement, Live Nation called the DOJ’s allegations “baseless.”“The DOJ’s lawsuit won’t solve the issues fans care about relating to ticket prices, service fees, and access to in-demand shows,” Live Nation said in a statement. The lawsuit highlights how regulators now believe, more than a decade on, that the behavioral modifications Live Nation agreed to have failed. According to the lawsuit, Live Nation directly manages more than 400 artists, controls around 60% of concert promotions at major concert venues across the country, and controls more than 265 concert venues in North America. And through Ticketmaster, the suit says, Live Nation controls roughly 80% or more of major concert venues’ primary ticketing for concerts.

Persons: Taylor Swift’s, ”, General Merrick Garland, Swift, Robert Smith, Zach Bryan, Minnesota Democratic Sen, Amy Klobuchar, Connecticut Democratic Sen, Richard Blumenthal, Klobuchar, Blumenthal, John Cornyn, Ted Cruz, Biden, ramping Organizations: Washington CNN, Ticketmaster, Justice Department, Prosecutors, ”, “, DOJ, Regulators, Minnesota Democratic, Connecticut Democratic, Texas Republican, District of Columbia, Court, Southern, of Locations: New York, United States, Texas Republican Sens, North America, Arizona , Arkansas , California , Colorado , Connecticut, Florida , Illinois, Maryland , Massachusetts, Michigan, Minnesota , Nevada , New Hampshire , New Jersey , New York, North Carolina , Ohio , Oklahoma , Oregon , Pennsylvania, Rhode Island , South Carolina , Tennessee , Texas, Virginia, Washington, West Virginia , Wisconsin , Wyoming, of New York

☆ A woman who won a free Virgin Voyages cruise said she would have to spend $8,000 on flights to claim the prize
▼ + stars: | 2024-05-21 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +5 min

Read previewAn Australian woman who won a Virgin Voyages cruise said she and her partner would have to pay a combined $8,000 for flights due to a change in the ship's itinerary. In a video shared to Virgin Voyages' Instagram account in November, a flight attendant FaceTimed with Virgin founder Richard Branson to announce the prize. Advertisement"I am pleased to gift each adult on board a free Virgin Voyages cruise," Branson said. Balkrushna Potdar, a marketing lecturer at the University of Tasmania, told ABC that Morgan's story could potentially damage Virgin Voyages' brand. In September 2023, Virgin Voyages announced it had secured $550 million in funding managed by the Private Equity Group of Ares Management.

Persons: —, Morgan, Richard Branson, Branson, Chris Putnam, Balkrushna, Potdar, Scarlet Lady, Ares Management Organizations: Service, Virgin, Australian Broadcasting Corporation, ABC, Business, Virgin Airlines, Virgin Voyages, Independent, Overseas, Miami, Virgin's PR, BI, Voyages, Virgin Australia Group, University of Tasmania, Private Equity Group, Ares Locations: Melbourne, Tasmania, Australia, New Zealand, Brisbane, Red, Quay, Sydney, Europe, Caribbean, San Juan, Tortola, Basseterre, St, John's, Fort, de, France, Castries, Kingstown, Hobart, Ireland, Scotland, Portsmouth, England

☆ Hundreds of older Virgin Atlantic cabin crew say they were unfairly dismissed during the pandemic
▼ + stars: | 2024-05-20 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Read previewVirgin Atlantic is being sued by more than 200 former cabin crew, claiming the airline unfairly targeted older staff for dismissals during the pandemic, The Guardian reported. Virgin Atlantic also retired its Boeing 747 jumbo jets a year early and closed its base at London Gatwick Airport as it tried to avoid bankruptcy. Related storiesIn its 2021 annual report, Virgin Atlantic said it rehired 99 pilots and 724 cabin crew from the holding pool, "something we had committed to doing as soon as possible in the reorganization of 2020." About 150 workers are reportedly being represented by the Cabin Crew Union, another 51 by a law firm, and a further 11 elsewhere. "I was flabbergasted that I wasn't in the holding pool," she added.

Persons: —, Richard Branson, Virgin Atlantic, Susan Mcentegart Organizations: Service, Guardian, Virgin Atlantic, Boeing, Gatwick Airport, Business, Virgin Locations: London

☆ The US secretly sent communist-friendly Coca-Cola to a Soviet general in a bid to maintain good ties across the Iron Curtain
▼ + stars: | 2024-05-17 | by ( Benjamin Brimelow | ) www.businessinsider.com time to read: +5 min

Read previewAs World War II ended and the Iron Curtain fell over Eastern Europe, relations deteriorated between the Soviet Union and its Western allies. Zhukov had developed an intense liking for Coca-Cola, a drink now illegal in the Soviet Union. PH/Sherman Montrose ACMECoca-Cola's steadfast support for the Allied war effort helped make it both distinctly American and recognizable worldwide. CORBIS/Corbis via Getty ImagesAt Zhukov's request, the new beverage wasn't put in the usual Coke bottles but instead in unmarked, straight-edged bottles. Its rival Pepsi eventually gained a virtual monopoly in the Soviet Union, which the Soviets maintained — once trading several warships for $3 billion worth of Pepsi — until 1985.

Persons: —, Georgy Zhukov, Zhukov, Truman, Robert Woodruff, Dwight Eisenhower, Richard Bong, Henry, Hap, Arnold, Coke, Eisenhower, Getty Images Zhukov, Mark W, Clark, Harry Truman, James Farley, It's Organizations: Service, Soviet Union, Business, Sherman, Sherman Montrose ACME, US, US Army, Army Air Forces, Allied, Keystone, Getty Images, Cola Export Corporation, Getty, Cola, Pepsi Locations: Eastern Europe, Soviet, Soviet Union, Cassino, Italy, Sherman Montrose, North Africa, Coke, Montgomery, Frankfurt, Germany, France, American, Austria, Dehradun, India, Vienna, East

☆ Tiwa Savage makes her acting debut with ‘Water & Garri’ on Prime Video, and emerges with a new sound
▼ + stars: | 2024-05-17 | by ( Lauren Lee | ) edition.cnn.com time to read: +4 min

CNN —Despite her extraordinary success in Afrobeats music, Tiwa Savage has long harbored a secret aspiration: to pursue a career in acting. On May 10, her much-anticipated debut film, “Water & Garri,” hit Prime Video, marking her leap into acting. Executive produced by Savage and directed by her long-time music video director Meji Alabi, “Water & Garri” is a collaboration between Everything Savage, Unbound Studios, and JM Films. “It was just to break me out of my shell, to break me out of Tiwa Savage and just empty me out – and then just allow me to be or embody like a whole different character,” she added. “I feel like I’ve been boxed to a certain sound because I’ve done it for over 10 years,” Savage said.

Persons: Tiwa Savage, “, ”, CNN’s Larry Madowo, Savage, Meji Alabi, ” Savage, Comfort Emmanuel, Aisha, –, King Charles, Leon Neal, Asa, Zacardi Cortez, Richard Bona, “ I’m Organizations: CNN, Studios, JM Films, Getty Locations: Lagos, Cape Coast, Ghana, London, French Nigerian, American

☆ Richard Branson doesn’t like being called ‘billionaire’—why that’s healthy, leadership expert says
▼ + stars: | 2024-05-16 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +1 min

Richard Branson doesn't want to be defined by his net worth. Neither should you, according to leadership expert Rohan Verma. Anyone, billionaire or not, should try to make career choices that can foster long-term happiness, Verma says — rather than simply chasing the job that pays the most. One way to think about it: the Japanese concept of "ikigai," which is intended to help people find purpose in a busy and happy life. "Ikigai is a conflation of four different things: what you're good at, what you love doing, what the world really needs, and what you can be paid for," Verma explains.

Persons: Richard Branson doesn't, Rohan Verma, Verma, it's, — Organizations: LinkedIn Locations: San Francisco

☆ Inside the life and career of Larry Page, Google's co-founder and first CEO
▼ + stars: | 2024-05-15 | by ( Avery Hartmans | Lakshmi Varanasi | ) www.businessinsider.com time to read: +13 min

AdvertisementSo who is Larry Page and how did he get to where he is today? AdvertisementPage and Sergey Brin create GoogleGoogle co-founders Sergey Brin and Larry Page met as students at Stanford. Google's parent company, Alphabet, has developed self-driving cars through Waymo, the company formerly known as the Google Self-Driving Car project. Page's personal lifeGoogle cofounder Larry Page and his wife, the scientist Lucinda Southworth C Flanigan/FilmMagicThroughout it all, Page has kept information about his personal life closely guarded. Life after GoogleGoogle cofounder Larry Page bought Cayo Norte, an island in Puerto Rico.

Persons: —, Larry Page, Sergey Brin, Page, Sundar Pichai, Gloria, Carl Page —, Larry, what's, Nikola Tesla, he's, Brin's, BackRub, Brin, Eric Schmidt, Schmidt, Andy Rubin's, he'd, Andrew Kelly, Sergey, Lucinda Southworth C, Lucinda Southworth, Richard Branson, Page's, Carl Victor Page, Carl Page, He's, Hugh Langley Organizations: Service, Google, Business, Michigan State University . Education, Getty, Michigan State University, The, Montessori, Google Google, Stanford, Associated Press, University of Michigan, Labs, Reuters Page, Virgin Group, Investments, Carl Victor Page Memorial Foundation, Zee Aero, Pacific, Virgin Island, Atomic Locations: Michigan, Waymo, Toronto, Stanford, Caribbean, Palo Alto, Cayo Norte, Puerto Rico, Koop, Tavarua, Fiji

☆ The rebound market still has room to run, says Richard Bernstein's Dan Suzuki
▼ + stars: | 2024-05-13 | 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 EmailThe rebound market still has room to run, says Richard Bernstein's Dan SuzukiDan Suzuki, Richard Bernstein Advisors deputy CIO, joins CNBC's 'The Exchange' to discuss stocks' current rally, sectors with the most opportunity, and more.

Persons: Richard Bernstein's Dan Suzuki Dan Suzuki, Richard Bernstein

CNN —Three bewildered children sit on the roof of a mosque in Baghlan province, northern Afghanistan, their eyes blinking away mud that covers their entire bodies. Afghan relatives offer prayers during a burial ceremony for victims of flooding in Baghlan province, May 11, 2024. In the next days, teams will start distributing food to feed families for a month – what happens next is unclear. Workers repair a road destroyed by floods in Nahrin district of Baghlan province on May 12, 2024. The world is seeing the impacts of much larger, more severe events, whether that’s drought, rainfalls cyclones,” Anderson said.

Persons: let’s, “, Barakatullah, Haji Wakil Besmillah, ”, ” Barakatullah, –, Timothy Anderson, it’s, Anderson, that’s, They’re, it’ll, ” Anderson, Richard Bennett, Teresa Anderson Organizations: CNN, United Nations, Food Programme, “, WFP, Workers, Getty, Global, ActionAid Locations: Baghlan province, Afghanistan, Folo, Bulka, Baghlan, AFP, Nahrin district

☆ US inflation will soar if America doesn't undergo reindustrialization, investment manager says
▼ + stars: | 2024-05-07 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Prices in the US could keep going up if the US doesn't "reindustrialize" its economy, Richard Bernstein said. The US has a "massive" trade deficit at a time when world trade is becoming fragmented, he noted. AdvertisementInflation will climb higher if the US economy doesn't reindustrialize its economy, according to investment manager Richard Bernstein. World trade has become more fragmented since the pandemic, and rising geopolitical tensions are a sign that the trend is continuing, he said. If it doesn't … we're going to have tremendous inflation here in the United States," Bernstein said to CNBC on Monday.

Persons: Richard Bernstein, —, Bernstein, Ken Griffin Organizations: US, Service, Commerce Department, CNBC, JPMorgan Locations: United States, America

☆ The 'reindustrialization' of America is a key theme for economic recovery, says Rich Bernstein
▼ + stars: | 2024-05-06 | 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 EmailThe 'reindustrialization' of America is a key theme for economic recovery, says Rich BernsteinRich Bernstein, Richard Bernstein Advisors CEO, joins 'Power Lunch' to discuss markets, American industrialization and shifting away from globalization.

Persons: Rich Bernstein Rich Bernstein, Richard Bernstein

☆ Richard Branson shares the simple mindset that's key to his success: 'I don't ever think of myself as a businessperson'
▼ + stars: | 2024-05-03 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +1 min

Richard Branson doesn't think of himself as a businessman — and he believes that helped him build Virgin Group into what it is today. "I don't ever think of myself as a businessperson, or even really an entrepreneur," Branson tells CNBC Make It. "I just see myself as somebody that loves to create things that I can be proud of." "There's many things that we've done that we wouldn't have done if we'd listened to accountants," says Branson. Perhaps ironically, the strategy has proved lucrative for Branson, whose current net worth is estimated at $2.5 billion, according to Forbes.

Persons: Richard Branson doesn't, —, Branson, we'd Organizations: Virgin Group, CNBC, Virgin Atlantic, Virgin Galactic, Branson, Forbes Locations: Branson

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