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A space capsule carrying NASA’s first asteroid samples streaked toward a touchdown in the Utah desert Sunday to cap a seven-year journey. Flying by Earth, the Osiris-Rex spacecraft released the capsule from 63,000 miles (100,000 kilometers) out. About a teaspoon was returned by Japan, the only other country to bring back asteroid samples. By the time it returned Sunday, the spacecraft had traveled 4 billion miles (6.2 billion kilometers). Political Cartoons View All 1176 ImagesNow free of the sample capsule, Osiris-Rex is already targeting another asteroid.

Persons: Rex, Rex rocketed Organizations: Utah, Scientists, Space Center, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: Utah, Japan, Houston

NICKELS & STEAMROLLEREstimating the size of hedge funds' basis trade bets is difficult because transparency and visibility around hedge funds is so low at the best of times, especially with regard to their more complex activities and strategies. Many analysts look at leveraged funds' position in Treasuries futures, and the Aug. 30 Fed paper also noted speculators' repo borrowings. This is a fairly reliable sign of basis trade activity, the Aug. 30 Fed paper says. Overnight repo rates have steadily tracked the fed funds policy rate since March 2022. Basis trade liquidation, as funds got squeezed out of their positions through margin and collateral calls as volatility rocketed, likely contributed to that dislocation.

Persons: Steven Zeng, Christoph Schon, Jamie McGeever, Paul Simao Organizations: Fed, Bank for International, Deutsche Bank, STEAMROLLER, Futures, Reuters, Thomson Locations: ORLANDO, Florida, U.S

☆ Elon Musk, Mark Zuckerberg, and Jeff Bezos have topped a list of mega-billionaires enjoying an eye-watering wealth jump in 2023
▼ + stars: | 2023-09-22 | by ( Joseph Wilkins | ) www.businessinsider.com time to read: +2 min

Elon Musk, Mark Zuckerberg, and Jeff Bezos have topped a list of billionaires who saw the biggest wealth increases in 2023. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. Musk saw the steepest jump in net worth with a $99 billion increase to $236 billion, cementing his position as the world's richest person. 2 on the list of wealth gainers, with a $61.9 billion increase in his riches to $108 billion. Nvidia CEO Huang's wealth surged by $22.2 billion in 2023 as the chipmaker's stock rocketed 187%, outperforming every other stock in the S&P 500 index.

Persons: Elon Musk, Mark Zuckerberg, Jeff Bezos, Nvidia's Jensen Huang, Larry Page, Sergey Brin, Musk, Zuckerberg, Larry Ellison, Steve Ballmer, Michael Dell, Amancio Ortega, Ortega Organizations: Bloomberg, Google, Service, Meta, Nvidia Locations: Wall, Silicon

Uranium stone is seen at a news conference of Macusani Yellowcake and Plateau Energy in Lima, Peru July 16, 2018. Investors in uranium have sharply outperformed investors in clean energy and oil & gas majorsThe significance of that change extends well beyond Finland's power market, which gets over a third of its electricity from nuclear plants. The Global X Uranium ETF , the world's largest ETF exposed to the uranium space, is up 31% year-to-date, while Canada's first uranium ETF, the Horizons Global Uranium Index ETF (HURA.TO), is up over 45%, LSEG data shows. However, even with the broad new backing for nuclear, it is far from certain that a significant increase in nuclear power output will actually materialise. In addition, the cost of building new nuclear plants has sky-rocketed in recent years.

Persons: Macusani, Mariana Bazo, NuScale, Gavin Maguire, Sonali Paul Organizations: Plateau Energy, REUTERS, Finland's Green Party, Green Party, Green, Finland Green Party, World Nuclear Association, Uranium, CME, France's EDF, EDF, Institute for Energy Economics, Reuters, Thomson Locations: Lima , Peru, LITTLETON , Colorado, Spain, Belgium, Sweden, Germany, Kazakhstan, Uzbekistan, Russia, Niger, China, Europe, United States, England, U.S

☆ Some notable investors scored a win with Splunk takeover — Here's what they are betting on next
▼ + stars: | 2023-09-21 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

High-profile investors Jeff Smith and Alex Sacerdote hit home runs after Cisco 's buyout of cybersecurity software company Splunk sent shares surging. The move marked a big win for the two hedge fund investors with big stakes in Splunk. Splunk was Smith's Starboard Value's third-biggest holding at the end of June, with a bet worth more than $430 million. The stock, Whale Rock's fifth-biggest stock bet as of the end of June, has soared more than 66% this year. Sacerdote also had a big bet on another cybersecurity company like Splunk, Fortinet .

Persons: Jeff Smith, Alex Sacerdote, Splunk, Smith, Sacerdote, Fortinet Organizations: Cisco, Rock Capital Management, Acacia Research, Big Tech, Microsoft, Meta, Nvidia, Netflix, Guggenheim Locations: Splunk, Wix.com

☆ 'Insanity upside potential': A hedge fund manager up 734% since the start of 2019 highlights the best investing opportunity he's ever seen — and explains why the remarkable oil rally will gain steam
▼ + stars: | 2023-09-19 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Renewed optimism about the economy calmed demand concerns while expectations of the largest oil production cuts since 2007 started to sap supply. Saudi Arabia and its OPEC allies refuse to boost oil production, much to the chagrin of the US. And so that's why I think it's just really, really interesting. Boosting uranium production takes years, he added, so it may take years to fix the shortage. Oil-adjacent stocks are the second-largest part of the Praetorian Capital Fund, Kupperman said.

Persons: Harris Kupperman, Kupperman, it's, I've Organizations: Energy, OPEC, Praetorian Capital Management, Capital Fund, Uranium Trust Fund, Praetorian Capital Fund, drillers, Offshore Locations: Saudi Arabia, Kazakhstan, Uzbekistan, Russia, Ukraine

☆ Tencent investors Naspers and Prosus announce abrupt departure of CEO Bob van Dijk
▼ + stars: | 2023-09-18 | by ( Arabile Gumede | ) www.cnbc.com time to read: +2 min

Bob van Dijk Bloomberg | Bloomberg | Getty ImagesThe immediate and mutually agreed departure of Naspers and Prosus CEO Bob van Dijk underscores a complicated few years for a firm seen riding on the coattails of its holdings in Chinese tech giant, Tencent . The South African Reserve Bank gave Naspers the greenlight to begin buying back more of its shares from Prosus. 'Getting rid' of the cross holdingPrior to the current structure, Naspers (headquartered in South Africa) owned a third of Chinese internet giant Tencent Holdings. Van Dijk oversaw the decision to split off its holding of Tencent and other tech holdings into Prosus in 2019. But that crossholding offered little value to investors with van Dijk telling Reuters at the time: "They [shareholders] said we don't like this cross holding, it creates complexity.

Persons: Bob van Dijk, Naspers, Koos, Van Dijk, Prosus, crossholding, van Dijk, We've, we're, Erwin Tu, Tu, Goldman Sachs Organizations: Bob van Dijk Bloomberg, Bloomberg, Getty, South, Naspers, South African Reserve Bank, Tencent Holdings, Johannesburg Stock Exchange, Euronext, Reuters, Citi, SoftBank Group Locations: Dutch, Prosus, South Africa, Johannesburg, Naspers

☆ ‘It Was on Just Such a Cool Day That I Set Out From the Upper West Side’
▼ + stars: | 2023-09-17 | by ( ) www.nytimes.com time to read: +1 min

I learned to roller skate. I used the skate key to affix the metal skates to the soles of my red oxfords, a worn-out pair of shoes my mother held in reserve for playing outside. Without a care, I tested my mettle, staring down the rasp from the top of the hill, and took off — whoosh! But before I could take a second breath, the clamp on my left skate came loose. Attached only by a tattered strap, it dangled treacherously from my ankle, while my right foot rocketed on, detached and indifferent to the plight at hand.

Persons: “, ”, ” — Spencer, — Locations: Amsterdam, Convent, Harlem

A company logo of Shanghai Futures Exchange is displayed at a booth during LME Week Asia in Hong Kong, China June 14, 2016. REUTERS/Bobby Yip Acquire Licensing RightsBEIJING/LONDON, Sept 13 (Reuters) - The Shanghai Futures Exchange (ShFE) is looking into the possible launch of nickel futures for international use, a potential challenge to the London Metal Exchange's (LME) contract, five sources with knowledge of the matter told Reuters. Average daily LME nickel volumes plunged because of the crisis. CME Group (CME.O) is also looking to launch a nickel contract that would settle against prices gathered from a platform to be launched by British-based Global Commodities Holdings (GCH). CME did not respond to a request for an update on its plans for a nickel contract.

Persons: Bobby Yip, ShFE, Nickel, GCH, Pratima Desai, Siyi Liu, Julian Luk, Veronica Brown, Alexander Smith Organizations: Shanghai Futures, REUTERS, Rights, Shanghai Futures Exchange, London, Reuters, International Energy Exchange, CME, Global Commodities Holdings, Thomson Locations: Asia, Hong Kong, China, Rights BEIJING, LONDON, British, Singapore, Abaxx

☆ Top tech investor Paul Meeks says he'd buy these tech stocks once the dip runs its course
▼ + stars: | 2023-09-12 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Tech investor Paul Meeks said he's looking to buy into the weakness surrounding tech stocks — once the correction has run its course. The S & P 500 has rallied hard for most of this year on the strength of tech stocks. "I don't know if you buy it today, but once it this this dip in the video shares is exhausted itself. Meta and Alphabet: The two companies are likely to see a "nice rebound" in digital advertising as they dominate the market, Meeks said. Amazon: Meeks said Amazon is his favorite of all the mega-cap U.S. tech stocks, because of the rebound in its cloud business in the United States.

Persons: Paul Meeks, Meeks, Stock, Meek, CNBC's, it's Organizations: Tech, Nasdaq, Fed, Nvidia, Meta, Oracle, Devices, Microsoft, Arista Networks, Palo Alto Networks, Networks Locations: United States

☆ Martin wins San Marino GP as rivals chip away at Bagnai's championship lead
▼ + stars: | 2023-09-09 | by ( ) www.reuters.com time to read: +3 min

Martin took the chequered flag 1.445 seconds ahead of VR46 Racing's Bezzecchi to claim his third sprint win of the season. World champion Bagnaia finished third. Bagnaia is top of the riders' standings with 267 points, with Martin (222) in second and Bezzecchi (196) in third. Martin's sprint win reduced the gap to Bagnaia by five points, while Bezzechi's second-placed finish saw him reduce the deficit by two. After Bezzecchi recovered from a slow start to leapfrog Bagnaia, Martin was given more of a challenge, though the Spaniard proved triumphant.

Persons: Pramac Racing's Jorge Martin, Lisi Niesner, Marco Bezzecchi, Francesco Bagnaia, Martin, Bezzecchi, Bagnaia, Marco, Spaniard Martin, leapfrog Bagnaia, Dani Pedrosa, I'm, Jorge, Aleix Espargaro, Luca Marini, Valentino Rossi, Yamaha's Fabio Quartararo, Marc Marquez, Aadi Nair, Pritha Sarkar Organizations: San Marino, San Marino Grand Prix, Ducati, Catalunya, Thomson Locations: Ernstthal, Germany, San Marino Grand, Misano Adriatico, VR46, Misano, Modena, India, Japan, Bengaluru

☆ CNBC Daily Open: Rising oil prices inflame inflation fears
▼ + stars: | 2023-09-06 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Mixed markets in AsiaU.S. stocks fell Tuesday, weighed down by higher oil prices and rising Treasury yields. [PRO] Oversold and overbought stocksThe relative strength index measures the speed and magnitude of stock price moves. It can signal if a stock is oversold, which means it's poised for a bounce, or overbought, suggesting that it's expensive.

Persons: Australia's, Jan Organizations: CNBC, Nikkei, Garden, New York Stock Exchange, Tech, Nvidia, Intel, Samsung, TRM, CNBC Pro Locations: Asia U.S, Asia, Pacific, North Korea

☆ Have You Seen Paul McCartney’s Lost Bass Guitar? Tips Welcome.
▼ + stars: | 2023-09-04 | by ( Isabella Kwai | More About Isabella Kwai | ) www.nytimes.com time to read: 1 min

Before Beatlemania, there was the distinctive Höfner violin bass — the first guitar that Paul McCartney bought after becoming the bassist for the Beatles. That bass can be heard on some of the band’s most famous hits, including “Love Me Do,” “She Loves You,” and “Twist and Shout.”Mr. McCartney picked up the instrument in a Hamburg music store in 1961, and it accompanied the Fab Four as they rocketed to stunning success, becoming the most famous band in the world. But the guitar vanished eight years later. A new campaign is seeking to find the missing instrument, and hundreds of people have responded, hoping to help solve the decades-old mystery: Where is Paul McCartney’s missing bass guitar?

Persons: Paul McCartney, Mr, McCartney, Paul McCartney’s Locations: Hamburg

☆ Canada, citing potential dangers, warns LGBTQ travelers of US risks
▼ + stars: | 2023-08-29 | by ( ) www.reuters.com time to read: +2 min

OTTAWA, Aug 29 (Reuters) - Canada, citing the risk of potential dangers, is advising LGBTQ travelers planning trips to the United States to check how they might be affected by recently passed laws in some states, Ottawa said on Tuesday. Anti-LGBTQ demonstrations in the United States last year rocketed 30-fold compared with 2017 and legal moves to restrict LGBTQ rights are on the rise. Canada's travel advisory for the United States now includes a cautionary message for those who consider themselves two-spirit, lesbian, gay, bisexual, transgender, queer, questioning or intersex - or 2SLGBTQI+ for short. The overall risk profile for the United States remains at green, indicating a normal security precautions requirement. The United States is Canadians' top travel destination, and in June residents returned from about 2.8 million trips south of the border.

Persons: Chrystia Freeland, Biden, Ismail Shakil, David Ljunggren, Jonathan Oatis Organizations: OTTAWA, Human Rights, Thomson Locations: Canada, United States, Ottawa, Atlantic Canada, The U.S

Sky-high food inflation after erratic monsoon rains damaged crops and disrupted supply chains. Food inflation for July hit a staggering 11.5%, far more than 4.6% in June and marking a three-year high. Even when customers do purchase fashion items, they buy far fewer than they once would have, some of the managers also said. The downturn in fashion spending has also been accompanied by a slide in spending at restaurant chains like Domino's. In some encouraging signs, tomato prices have eased off peaks and India's central bank chief last week said vegetable prices, which have begun to soften, will decline from September.

Persons: Zink London, Skechers, Kaushik Das, Madan Sabnavis, Anjali Mohanty, Tanvi Mehta, Riddhima, Dhwani Pandya, Jatindra, Saurabh Sharma, Aditya Kalra, Edwina Gibbs Organizations: NEW, Euromonitor, Reuters, Skechers USA, Deutsche Bank, Retail, Bank of Baroda, Dhwani, Thomson Locations: NEW DELHI, MUMBAI, New Delhi, Zink London, Mumbai, Bhubaneswar, Chennai, Lucknow

☆ Bret Baier and Martha MacCallum: Fox News debate moderators didn't mention Trump for nearly an hour. It wasn't an accident
▼ + stars: | 2023-08-24 | by ( Oliver Darcy | ) edition.cnn.com time to read: +5 min

What do you think it means?” MacCallum asked in the opening question of the evening. The first question wasn’t about former Republican President Donald Trump, indicted four times, about to face arraignment in Georgia in less than 24 hours. And even when Baier and MacCallum confronted the candidates with some of their more strenuous questions, they themselves appeared to do so reluctantly. Take the issue of Trump, a topic that went noticeably unaddressed for nearly the first hour of the debate. Of course, it is clear why Fox News preferred to avoid the topic of Trump.

Persons: Bret Baier, Martha MacCallum, “ Rich, Richmond ”, Ron, DeSantis, ” MacCallum, Donald Trump, Wagner, Yevgeny Prigozhin, Sean Hannity, MAGA, MacCallum, Trump, Baier, Tucker Carlson, doesn’t, Fox Organizations: CNN, Republican Party, Fox News, North, Richmond, GOP, Trump Locations: Georgia, Russia, Moscow, Maui

☆ Olivia Rodrigo, Pop’s Brightest New Hope, Just May Be a Rock Star
▼ + stars: | 2023-08-24 | by ( Caryn Ganz | More About Caryn Ganz | ) www.nytimes.com time to read: +1 min

Olivia Rodrigo, the bearer of perhaps the most famous driver’s license in Los Angeles, piloted her black Range Rover to Westwood on a scorching late July afternoon. Six weeks remained before the release of her second album, “Guts,” and she was racked with anxiety — about finding a spot for her SUV. The car was her dream purchase, her favorite place to listen to music and yes, she feels guilty about the gas. When Rodrigo awoke on a January 2021 morning to news that her first single, the octave-climbing weeper “Drivers License,” had rocketed to No. At the 2022 Grammys, three of her seven nominations turned into wins, including best new artist.

Persons: Olivia Rodrigo, ”, Rodrigo, Alanis Morissette, Gwen Stefani, Billy Joel, Avril Lavigne, Cardi, Halsey Organizations: Disney, Twitter Locations: Los Angeles, L.A

We'll help you keep up by showing you where to watch "Ahsoka" episodes streaming online. Where to watch Ahsoka in the US"Ahsoka" is airing exclusively on Disney Plus in the United States. If you want to watch new "Ahsoka" episodes as soon as they're available, you'll need to sign up for Disney Plus. How to watch Ahsoka in the UKDisney Plus in the UK will also have "Ahsoka" episodes. Ahsoka episode scheduleEpisode Date Episode 1 August 22, 2023 Episode 2 August 22, 2023 Episode 3 August 29, 2023 Episode 4 September 5, 2023 Episode 5 September 12, 2023 Episode 6 September 19, 2023 Episode 7 September 26, 2023 Episode 8 October 3, 2023

Persons: Rosario Dawson, Natasha Liu Bordizzo, Sabine Wren, Ray Stevenson, Baylan, Mary Elizabeth Winstead, Hera Syndulla, Anakin Skywalker, Hayden Christensen, You'll Organizations: Disney, Lucasfilm, Disney Plus, Hulu, ESPN, US Locations: United States, Canada, South Africa, Israel, France, United Arab Emirates, Saudi Arabia, Netherlands, Italy

☆ Analysis-Lithium buyers eye cheaper early-stage deals in Australia
▼ + stars: | 2023-08-22 | by ( Melanie Burton | Scott Murdoch | ) www.reuters.com time to read: +6 min

So I think there’s going to be some opportunistic acquisitions.”There is already evidence of frenzied deal activity involving pre-producing companies. Develop Global, a base metals explorer backed by diversified miner Mineral Resources, last month proposed to acquire lithium developer Essential Metals for A$152.6 million ($97.98 million). “Even though battery chemistry is evolving and impacting certain metals, lithium is a mainstay and the demand story remains robust. The battery metals landscape, and lithium in particular, looks poised for further M&A activity,” said Gavi Friedland, head of metals and mining at Goldman Sachs in Australia & New Zealand. Mineral Resources is deciding whether to build an Australian lithium battery chemical plant, while Albemarle is expanding production at its Kemerton hydroxide plant and SQM is also building a lithium hydroxide plant.

Persons: Ivan Alvarado, acquirers, ”, Kaan, “, Gavi Friedland, Goldman Sachs, Guy Alexander, Buyers, Japan’s Idemitsu, Delta, Tony Chong, Squire Patton Boggs, Jakob Stausholm, Stausholm, ” Dale Henderson Organizations: MELBOURNE, REUTERS, Chile, Albemarle Corp, RBC, Develop, Mineral Resources, Metals, Minerals, Liontown Resources, Climate Capital, Consultancy, EV, Goldman, New Zealand, Resources, ”, Rio Tinto, Patriot Metals, Canada, Reuters Locations: Albemarle Chile, Chile, Australia, Sydney, Andover, Albemarle, Perth, China, U.S, Rio, Canada, Quebec

[1/2] A general view shows the brine pools of Albemarle Chile lithium plant placed on the Atacama salt flat, Chile, May 4, 2023. "It seems like the cheapest way to get lithium units is via the drill bit," said analyst Kaan Peker of RBC in Sydney. "Even though battery chemistry is evolving and impacting certain metals, lithium is a mainstay and the demand story remains robust. The battery metals landscape, and lithium in particular, looks poised for further M&A activity,” said Gavi Friedland, head of metals and mining at Goldman Sachs in Australia & New Zealand. Mineral Resources is deciding whether to build an Australian lithium battery chemical plant, while Albemarle is expanding production at its Kemerton hydroxide plant and SQM is also building a lithium hydroxide plant.

Persons: Ivan Alvarado, acquirers, Kaan, ”, Gavi Friedland, Goldman Sachs, Guy Alexander, Buyers, Japan's Idemitsu, Delta, Tony Chong, Squire Patton Boggs, Jakob Stausholm, Stausholm, Dale Henderson, Melanie Burton, Veronica Brown Organizations: REUTERS, Chile, Albemarle Corp, RBC, Develop, Mineral Resources, Metals, Minerals, Liontown Resources, Climate Capital, Consultancy, EV, Goldman, New Zealand, Resources, Tinto, Patriot Metals, Canada, Reuters, Thomson Locations: Albemarle Chile, Chile, MELBOURNE, Australia, Sydney, Andover, Albemarle, Perth, China, U.S, Canada, Quebec

☆ This chip stock could yield a quick profit depending on Nvidia's earnings, Morgan Stanley says
▼ + stars: | 2023-08-21 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Analyst Charlie Chan named Taiwan Semiconductor Manufacturing a "catalyst driven idea" whose shares could rally given its role as the sole supplier for Nvidia's artificial intelligence graphics processing units. The stock has served as the stock market's AI poster child in 2023, surging more than 215%. As a supplier to Nvidia, Taiwan Semiconductor has also benefited from the buzz around AI, with its U.S.-listed shares up more than 24% this year. Morgan Stanley regards Nvidia's October revenue guidance as a "key check point" pointing to AI-fueled semiconductor demand at Taiwan Semiconductor, as well as the growth of its Chip on Wafer on Substrate capacity supply, a vital part of the chip manufacturing process. Chan anticipates a 5% uptick in Taiwan Semiconductor shares should Nvidia exceed consensus October revenue guidance, and come in above $13 billion.

Persons: Morgan Stanley, Charlie Chan, Chan, — CNBC's Michael Bloom Organizations: Nvidia, Taiwan Semiconductor Manufacturing, Taiwan Semiconductor Locations: 2023e

☆ Canada considering foreign student visa cap to address housing shortage
▼ + stars: | 2023-08-21 | by ( ) www.reuters.com time to read: +1 min

OTTAWA, Aug 21 (Reuters) - The Canadian government, under pressure over the rising cost of housing, could consider capping foreign student visas, which have rocketed in recent years, new Housing Minister Sean Fraser said on Monday. Official data show there were more than 800,000 foreign students with active visas in 2022, up from 275,000 in 2012. Canada is a popular destination for international students since it is relatively easy to obtain a work permit. Fraser, who was immigration minister before taking up his job last month, said the sharp rise in the number of students was putting pronounced pressure on some housing markets. Asked whether a cap could be imposed on the number of foreign students, he said, "I think that is one of the options that we ought to consider."

Persons: Sean Fraser, Fraser, We've, Prince Edward Island, Justin Trudeau, David Ljunggren, Josie Kao Organizations: OTTAWA, Canadian, Conservative Party, Liberal, Thomson Locations: Canada, Atlantic, Prince

☆ 'Rich Men North of Richmond': A virtually unknown conservative singer just rocketed to the top of the charts
▼ + stars: | 2023-08-21 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

CNN —The right-wing media universe is maturing — and finding great success — beyond typical news commentary. That’s quite a feat, considering singer Christopher Anthony Lunsford was virtually unknown just weeks ago. It’s also illustrative of the power amassed by right-wing media forces, taking unknown quantities and churning them out into overnight blockbuster hits, a weaponized cudgel against perceived enemies in mainstream institutions. And, while he is a well known country singer, Jason Aldean’s widely criticized “Try That In a Small Town” was not much of a commercial success until it was boosted by right-wing media to the top of the Billboard charts. As conservatives increasingly see legacy media companies and performers as not only disagreeable, but outright evil, it makes sense that they would look toward outsiders to fill their entertainment needs.

Persons: Oliver Anthony Music’s, “, Christopher Anthony Lunsford, Lunsford, Taylor Swift, Morgan Wallen, Olivia Rodrigo, Miley Cyrus, It’s, Donald Trump, Tom Cruise, Jason Aldean’s Organizations: CNN, North, Billboard, Fox News, Trump, Daily, Disney Locations: Richmond, Washington

☆ Why WeWork may be the next hot meme stock
▼ + stars: | 2023-08-12 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Warning investors you company could be on the verge of bankruptcy is not as bad as it sounds in meme-stock world. Companies that have recently warned of imminent bankruptcy have seen their stock prices soar. WeWork is the latest company to enter meme status with a surging stock price despite bad news. This week it saw its stock price soar as much as 162% after it warned investors of its financial troubles. The stock traded up as much as 49% on Friday, but eventually slashed those gains in half to about 20%.

Persons: WeWork, it's Organizations: Companies, Service, GameStop, AMC Entertainment Locations: Wall, Silicon, YCharts

☆ It's time to lock in gains on this industrial name that has rocketed since June
▼ + stars: | 2023-08-07 | by ( Jim Cramer | ) www.cnbc.com time to read: +2 min

Following the trade, Jim Cramer's Charitable Trust will own 315 shares of CAT, decreasing its weighting in the portfolio to 3.03% from 3.26%. 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. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer's, Jim Cramer, Jim, Wang Chun Organizations: Caterpillar, CAT, Management, CNBC, Future, Getty Locations: Lianyungang, East China's Jiangsu

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