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☆ Trump feared for campaign, not family, as sex scandals were caught and killed, ex-Enquirer CEO tells hush-money jury
▼ + stars: | 2024-04-25 | by ( Laura Italiano | ) www.businessinsider.com time to read: +7 min

When a porn star and Playboy Bunny both came forward, Trump feared for voters, not family, Pecker told jurors. Then, in swift succession and with the 2016 election just months away, a Playboy Bunny and a porn star appeared with more sex scandals. But in the months before the 2016 election, all Trump worried about was his voters, Pecker testified on his third day on the stand. "I thought his concern was with the campaign," Pecker added. Pecker told jurors he had been investigated by California officials for just this sort of thing more than a decade before Trump's 2016 campaign.

Persons: David Pecker, Playboy Bunny, Trump, Pecker, —, Donald Trump, Dino Sajudin, Bunny Karen McDougal, Stormy Daniels, Joshua Steinglass, Steinglass, Daniels, Michael Cohen, Attorney Alvin Bragg, Bragg, Dylan Howard, Trump's, Arnold Schwarzenegger, Arnold, Howard, Howard texted, Cohen, Karen, McDougal, Michael, Jeff Sessions Organizations: National Enquirer, Service, Trump, Enquirer, Trump Organization, Attorney, American Media International, AMI, Prosecutors, McDougal's, Federal, Commission Locations: Manhattan, California, Australia

☆ Mark Zuckerberg laid out 3 ways Meta will make money from its huge AI investments
▼ + stars: | 2024-04-25 | by ( Kali Hays | ) www.businessinsider.com time to read: +5 min

In the next few years, Zuckerberg sees three ways AI can become a "massive business" for Meta. Related storiesHe sees "several ways" generative AI can make money, and laid out three specific paths to this becoming "a massive business" for Meta. Ads appearing in "AI interactions"Another way generative AI could make money for Meta is by "introducing ads or paid content into AI interactions," Zuckerberg said. AdvertisementSelling access to AI modelsA third distinct way Meta may make money from AI is by selling access to models as they get larger. "Enabling people to pay to use bigger AI models and access more compute," as Zuckerberg put it on Wednesday.

Persons: Mark Zuckerberg, Zuckerberg, —, we're, Meta Organizations: Meta, Service

☆ Oil eases as U.S. demand concerns outweigh fears over Middle East conflicts
▼ + stars: | 2024-04-25 | by ( ) www.cnbc.com time to read: +2 min

Oil prices eased in early trade on Thursday as concerns about a potential slowdown in the U.S. economy amid prospects for delayed interest rate cuts outweighed worries over the risk of expanding conflict in the Middle East. Oil prices eased in early trade on Thursday as concerns about a potential slowdown in the U.S. economy amid prospects for delayed interest rate cuts outweighed worries over the risk of expanding conflict in the Middle East. Israel also said it was moving forward with plans for an all-out assault on Rafah in the south. Energy Information Administration, or EIA, data on Wednesday indicated U.S. crude oil inventories unexpectedly fell last week as exports jumped, while gasoline stockpiles decreased less than forecast. "The data provided a temporary boost to oil prices, but it didn't seem to last long," Fujitomi's Tazawa said.

Persons: Toshitaka Tazawa, Fujitomi's Tazawa Organizations: Brent, U.S . West Texas, Fujitomi Securities Co Ltd, U.S . Federal Reserve, Energy Information Administration, EIA Locations: U.S, East, Iran, Israel, Gaza, Rafah

☆ Meta stock plunges on ‘aggressive’ AI spending plans
▼ + stars: | 2024-04-25 | by ( Hanna Ziady | ) edition.cnn.com time to read: +2 min

London CNN —Shares in Meta plunged in premarket trading Thursday as the Facebook owner’s plans to “invest aggressively” in artificial intelligence spooked investors. The company is competing head-to-head with Microsoft and Google to unlock the enormous potential of AI. Meta (META), which also owns WhatsApp and Instagram, said Wednesday that first-quarter profit more than doubled year-on-year, while revenue was up 27%. Meta said full-year capital expenditure would be in the range of $35-40 billion — up from previous guidance of $30-37 billion — as it continues to accelerate infrastructure investments to support AI. Meta has forecast revenue of $36.5-39 billion, versus analyst expectations of $38.2 billion.

Persons: —, ” Sophie Lund, Yates, Hargreaves Lansdown, Meta, Mark Zuckerberg, ”, Stephen Innes Organizations: London CNN —, Meta, Facebook, Microsoft, Google, ”, Management

☆ Global arms fairs from Russia to the UAE: Photographer’s take on bizarre world
▼ + stars: | 2024-04-24 | by ( Christy Choi | ) edition.cnn.com time to read: +10 min

CNN —An arms fair may contain all the trappings of war, but it is nothing like a battlefield. Nikita TeryoshinA shot of the reception at the 2016 MSPO expo, the biggest arms fair in Eastern Europe. “It was the only (arms fair I’d been to) where they were shooting real rockets over 20 kilometers (12 miles) maybe,” said Teroyshin. Fairgoers wait for a shuttle to a live demonstration site during the 2019 Army military expo held in Alabino, Russia. Forever.”) is paired with an image of three women in Islamic veils at an arms fair, one pretending to hold a rifle depicted in the poster in front of her.

Persons: ”, Nikita Teryoshin, “, ” Teryoshin, Nikita Teryoshin “, Teryoshin, Majid, Teroyshin, Lockheed Martin, Nikita Teryoshin Teroyshin, ‘, KAI, Nikita Teryoshin Saudi, Linda Åkerström, eyeshadow, Nikita Teryoshin Åkerström, ” Teroyshin, he’s, Åkerström, you’ll Organizations: CNN, Swedish Bofors, expos, Tiger, Kalashnikov, Lockheed, Manufacturing, ITT, Otis Defence, CTA, Elbit Systems, BAE Systems Locations: Russian, Swedish, Kielce, Poland, Lima , Peru, Belarus, France, Germany, South Korea, China, UAE, Peru, Russia, Vietnam, USA, South Africa, Lucknow, Uttar Pradesh, India, “, DEFEXPO, Eastern Europe, Mali, Alabino, Abu Dhabi, Paris, Dortmund, Seoul, IDEX, Central, Western Europe, Saudi Arabia, Qatar, Australia, Ukraine

☆ George Santos' bid for Congress flopped after he raised $0
▼ + stars: | 2024-04-24 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +1 min

Former New York Rep. George Santos suspended his campaign to return to Congress. The disgraced politician, running as an independent, said he didn't want to siphon off Republican votes. But he also reported zero campaign finance contributions and no spending. AdvertisementFormer New York Rep. George Santos announced that he was dropping out of his bid to return to Congress, saying he didn't want to siphon off Republican votes by running as an independent. But Santos may have been motivated by another factor: his campaign has reported zero fundraising and zero expenditure with the FEC.

Persons: George Santos, —, Santos Organizations: New York Rep, Service, Former New York Rep, FEC, New, Business

☆ Meta's earnings report comes as 'Magnificent Seven' stock looks to return to all-time high
▼ + stars: | 2024-04-24 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Meta Platforms is set to report first-quarter earnings after Wednesday's closing bell, the latest in a salvo of releases from technology names. The "Magnificent Seven" stock is currently trading about 6% below an all-time high it hit earlier in April as traders get ready for the latest news. Here's what investors should know ahead of the release: How the stock moved last time Meta's fourth-quarter earnings, released in early February, prompted a major rally. As a social media platform operator, they'll look at the total number of active users on a daily basis and minutes per active user. Average revenue per user is another important metric, as it can show how much each active user contributes in terms of profit.

Persons: Meta, LSEG, Rohit Kulkarni, Roth, Mark Zuckerberg, Kulkarni Organizations: Nasdaq, Meta, Investment, LSEG

☆ ByteDance, TikTok shelled out $7 million on lobbying and ads to combat potential U.S. ban
▼ + stars: | 2024-04-23 | by ( Brian Schwartz | ) www.cnbc.com time to read: +2 min

TikTok spent over $4.5 million this year on a television and digital ad campaign pushing back on legislation that could ban the app, according to data from AdImpact. The Senate first passed a procedural vote on a foreign aid package that contains the new TikTok legislation. It marks the most Urban's firm, LGL Advisors, has been paid by ByteDance in a given quarter, according to federal lobbying data. The most ByteDance previously spent on lobbying in the first quarter was in 2023 for over $1.8 million, according to data from OpenSecrets. ByteDance and TikTok spent over $8 million on lobbying in 2023.

Persons: ByteDance, TikTok, Joe, doesn't, David Urban Organizations: National Security Council, Management, Budget, U.S . Trade, U.S, Senate, LGL Advisors, ByteDance Locations: China, United States, Washington, OpenSecrets

☆ Global military spending saw its steepest spike in more than a decade, with the US vastly outspending everyone else
▼ + stars: | 2024-04-23 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

Global military spending in 2023 rose to the highest levels ever recorded, analysts said. All five of the institute's defined geographical regions saw rises in military spending for the first time since 2009, with Europe, the Middle East, Asia, and Oceania recording particularly large increases, it said. This, in turn, has ramped up military spending. It also highlighted Ukraine, which ranked eighth in terms of overall defense spending, following a 51% year-on-year increase. At the same time, Israel saw its defense spending rise by 24% to reach $27.5 billion in 2023, mostly due to its large-scale offensive in Gaza, SIPRI's report found.

Persons: —, SIPRI, Nan Tian, Diego Herrera Carcedo, Lorenzo Scarazzato, spender, Israel Organizations: Global, Stockholm International Peace Research Institute, Service, International Crisis, Getty, NATO Locations: Stockholm, Europe, East, Asia, Oceania, Ukraine, Gaza, Ethiopia, Myanmar, Bakhmut, Donetsk Oblast, Anadolu, China

☆ Trump thought hush money was risky because 'It always gets out,' National Enquirer exec testifies. In this case, Trump was right.
▼ + stars: | 2024-04-23 | by ( Laura Italiano | ) www.businessinsider.com time to read: +4 min

"It always gets out," Pecker testified Trump told him. "It always gets out," Trump explained of his hesitancy, according to the trial's first witness, former National Enquirer publisher David Pecker. Advertisement"I think the story should be purchased and you should buy it," Pecker told jurors, describing what he told Trump about McDougal's accusations during a June, 2016 phone call. But Trump wanted nothing to do with the McDougal payoff, Pecker said Tuesday, his second day on the witness stand. But Trump is now on trial for a second hush-money payment that prosecutors say has Trump's fingerprints all over it — the payment to Daniels.

Persons: Donald Trump's Manhattan, David Pecker, Pecker, Trump, —, Donald Trump, Model Karen McDougal, Stormy Daniels, Alvin Bragg's, Daniels, Bragg, McDougal, Michael Cohen —, Cohen, Melania Trump, Barron, Pecker's Organizations: Service, National Enquirer, Trump Organization, Trump Org

☆ Global military spending hit all-time high in 2023 after 7% jump, report finds
▼ + stars: | 2024-04-22 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +4 min

The figure marked a 6.8% increase from 2022 and the sharpest year-on-year jump since 2009, the institute said in a report on military spending trends. "The unprecedented rise in military spending is a direct response to the global deterioration in peace and security," Nan Tian, senior researcher in SIPRI's military expenditure and arms production programme, said in a statement. Military expenditure has been rising for nine years straight, and military spending bolstered in all regions of the world for the first time since 2009, the report found. Ukraine's military spending meanwhile totaled around $64.8 billion — around 59% the amount of Russia's spending, but 37% of Ukraine's GDP, the report said. Tensions in the Middle East also significantly contributed to the overall rise in global military spending, the report said.

Persons: Nan Tian, spender, Lorenzo Scarazzato, Donald Trump, Jens Stoltenberg Organizations: 1st Tank Brigade, Ukrainian Ground Forces, Getty Images, Stockholm International Peace Research Institute, Kyiv, NATO, U.S Locations: Ukraine, Stockholm, Central America, Caribbean, Russia, China, U.S, East, Israel, Gaza

☆ These companies spending big to grow their businesses are primed to outperform, Goldman says
▼ + stars: | 2024-04-22 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Companies that are spending big internally to grow their businesses should start outperforming if the economy remains on strong footing, according to Goldman Sachs. The Wall Street bank is advising clients consider buying companies with a high level of capital expenditure and research and development expenses. Those companies have outperformed those returning cash to shareholders via buybacks and dividends this year by 2 percentage points, Goldman said. In this environment, investors typically reward companies investing for growth when economic growth is accelerating, if history is any guide, Goldman said. The firm found a slew of stocks in the S & P 500 with the highest percentage of capex and R & D per market cap.

Persons: Goldman Sachs, Goldman, David Kostin Organizations: Norwegian Cruise Line, United Airlines, American Airlines, Delta Air Lines, Meta, Intel, HP, Western Digital Locations: Norwegian, United

☆ As India heads to the polls, the pros name 8 top stocks to buy
▼ + stars: | 2024-04-19 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +6 min

"The stars have aligned for India in terms of demographics, population and market movements. Peeyush Mittal, portfolio manager at Matthews Asia, agrees with the consensus that Modi will win a majority once again — which would be a "non-event" for markets. Conrad Saldanha, portfolio manager at the Neuberger Berman Emerging Markets Equity Fund, agrees. Among the companies on his watch are power equipment player Bharat Heavy Electricals and engineering conglomerate Thermax , amid an expected expansion in power generation capacity. According to FactSet data, 24 of the 26 analysts covering the stock have a buy or overweight rating on it.

Persons: Narendra Modi, Neil Bahal, Peeyush Mittal, Modi, Mittal, Conrad Saldanha, Neuberger Berman, Bharat, Neuberger Berman's Saldanha, Saldanha Organizations: South, Bombay Stock Exchange, CNBC Pro, —, Matthews Asia, Reserve Bank of, India Fund, Neuberger, Markets Equity Fund, Cummins India, Investor, Bharat Electronics, ICICI, HDFC, IndusInd Bank, Apollo Locations: Hong Kong, India, Reserve Bank of India, Saldanha

☆ This investor, mentored by Peter Lynch, hasn't abandoned the 'Mag 7,' but is placing bets on these mid-caps
▼ + stars: | 2024-04-19 | by ( Sarah Min | ) www.cnbc.com time to read: +9 min

It was under the tutelage of legendary investor Peter Lynch that Sullivan developed the edge that has served him in his career. The numbers Today, Sullivan manages the Putnam Investments Core Equity Fund (PMYYX) , a multicap fund with $4.4 billion in assets that he started in 2010. "The numbers are good," Sullivan said. Ultimately, Sullivan said he's learned a lot from other investors, noting the good stock pickers have had "pretty eclectic" approaches that helped them outperform the market over time. "And I found the good fortune over the decades to be around pretty good stock pickers, pretty good money managers."

Persons: Gerard Sullivan, Peter Lynch, Sullivan, Lynch, hadn't, —, Arthur Yeager, PMYYX, Morningstar, It's, Yeager, Tesla, it's, that's, Rajesh Subramaniam, he's, I'm, That's Organizations: Fidelity, Columbia Business School, Magellan Fund, Putnam Investments, Equity, Pacific Gas & Electric, CMS Energy, Companies, Nvidia, FedEx Locations: Brooklyn, U.S, California, Michigan, Pinterest

☆ Welcome to 'peak boomer' era: A wave of retirees is about to blow through their savings and cling to Social Security to stay afloat
▼ + stars: | 2024-04-19 | by ( Juliana Kaplan | Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

Over 30 million "peak boomers" are entering retirement financially unprepared. This cohort is known as "peak boomers," and per the report, most of them are on track for significant economic headwinds. It's what some have called the boomer retirement bomb — and it might be costly for the rest of the workers in the economy. The peak boomers' retirement wave could also impact the overall US economy. And, per Business Insider's calculations of CPS ASEC data, 79.2% of retirees receive some type of Social Security income.

Persons: —, Robert Shapiro, boomers, Pam Organizations: Social Security, Service, Alliance, Lifetime, Income, Federal Reserve, University of Michigan Health, Commerce, Economic Affairs, Boomers, Consumer Expenditure Survey, CPS

☆ Investors are hoping Big Tech earnings next week could revive a flagging bull market
▼ + stars: | 2024-04-19 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

The Big Tech earnings next week could revive a flagging market, or at least give investors direction into where stocks are going from here. Wall Street is hoping next week's megacap tech results will give investors insight into where the artificial intelligence trade is going from here, as a bounce in tech could lift the indexes. They're also hoping a slew consumer commentary will give investors insight into the state of the economy. However, he said any pullback in the tech names could give investors an opening to start "nibbling away" at additional exposure. Personal Income 10 a.m. Michigan Sentiment NSA final Earnings: T. Rowe Price Group , Colgate-Palmolive , Exxon Mobil , Chevron , AbbVie , Phillips 66

Persons: Tesla, They're, Kim Forrest, Elon Musk, Emily Leveille, Scott Ladner, Ladner, Horizon's Ladner, FactSet, Baker Hughes, Philip Morris, Lockheed Martin, Raymond James Financial, Rowe Price, Phillips Organizations: Big Tech, Google, Microsoft, Bokeh, Nasdaq, Investors, Deutsche Bank, Reuters, Thornburg Investment Management, Meta, Consumer, Visa, Chicago, Verizon Communications, Ameriprise, Truist, PMI, New, Richmond Fed, Enphase, Tesla, NextEra, Philip Morris International, Halliburton, United Parcel Service, PepsiCo, Lockheed, Raytheon Technologies, GE Aerospace, Grill, Business Machines, Lam Research, Ford Motor, Technology, Waste Management, Universal Health Services, Raymond, Boeing, Hilton Worldwide Holdings, . Kansas City Fed Manufacturing, Mobile, Capital, Financial Corp, Intel, Western Digital, Comcast, American Airlines Group, Southwest Airlines, Valero Energy, Caterpillar, Tractor Supply, Royal Caribbean Group, GE, PCE, NSA, Rowe Price Group, Colgate, Palmolive, Exxon Mobil, Chevron Locations: China, Europe, U.S, NextEra Energy, Freeport, McMoRan, . Kansas, Michigan, AbbVie

☆ United Airlines slashes 2024 aircraft delivery plan as Boeing crisis leads to delays
▼ + stars: | 2024-04-16 | by ( Leslie Josephs | ) www.cnbc.com time to read: +3 min

United Airlines on Tuesday cut its aircraft-delivery expectations for the year as it grapples with delays from Boeing , the latest airline to face growth challenges because of the plane-maker's safety crisis. "We've adjusted our fleet plan to better reflect the reality of what the manufacturers are able to deliver," CEO Scott Kirby said in an earnings release. In January, United said it was taking Boeing's not-yet-certified Max 10 out of its fleet plan. The airline said it has converted some Max 10 planes for Max 9s. United is also facing a Federal Aviation Administration safety review, which has prevented some of its planned growth.

Persons: Scott Kirby, United, Boeing's, Max, Max 9s Organizations: Airlines, Boeing, Airbus A321neos, Max, Federal Aviation Administration, CNBC, FAA, Alaska Airlines, United, Revenue Locations: U.S, Newark , New Jersey, Faro, Portugal, Tokyo, Cebu, Philippines, Southwest

☆ The US Navy has fired off nearly $1 billion in weapons fighting threats from Iran and the Houthis
▼ + stars: | 2024-04-16 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

US naval forces in the Middle East have been involved in shooting down malign threats for months. The cost of munition expenditure during this time is approaching $1 billion, the Navy secretary said. AdvertisementThe US Navy has fired nearly $1 billion in missiles to counter threats from Iran and its proxy forces over the past six months, the sea service's top civilian official revealed on Tuesday. USS Dwight D. Eisenhower conducts flight operations in response to the Houthis in the Red Sea. The Pentagon's Red Sea operations, however, have raised questions about sustainability, as the Houthis show no sign of letting up their attacks.

Persons: —, Navy Carlos Del Toro, Arleigh Burke, Aaron Lau Del Toro, Biden, Dwight D, Eisenhower, Kaitlin Watt Del Toro, Israel Organizations: Service, US Navy, US, Navy, Defense, Carney, Senate, House Republicans, Congress Locations: Iran, Yemen, Israel, Suez, Ukraine, Red, Gulf of Aden

☆ Oil prices could see 'super spike well above $100' if conflict escalates after Iran's attack on Israel
▼ + stars: | 2024-04-15 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +3 min

Any disruption in its capacity to supply global markets could send oil prices higher, analysts told CNBC. Insufficient investment makes supply more fragile and increases the chance of a super spike well above $100 if supply is disrupted. Stock Chart Icon Stock chart icon Oil prices since the start of the year. "I think oil prices will go to all time highs this cycle, due to a decade of under-investment in exploration and development," Young added. Oil prices have climbed in recent months on trade disruptions and delays caused by Red Sea maritime attacks from the Houthis, who claim solidarity with the Palestinian people.

Persons: Saeid Arabzadeh, Israel reigniting, Andy Lipow, Daniel Hagari, Josh Young, Brent, Young, Morgan Stanley's Organizations: Afp, Getty, OPEC, CNBC, Brent, Lipow Oil Associates, Israel Defense Forces, Bison, Iran's United Nations, underinvestment, U.S, West Texas Locations: Persian, Iran, Hormuz, Oman, Israel, Damascus, Syria, Asia

☆ Fact check: Trump’s false and unsubstantiated claims about his Manhattan criminal case
▼ + stars: | 2024-04-14 | by ( Daniel Dale | ) edition.cnn.com time to read: +13 min

With Trump’s trial scheduled to start Monday, here is a fact check of some of Trump’s remarks. Trump’s baseless claims that Biden is secretly running the caseTrump has repeatedly claimed that the Manhattan case has been secretly orchestrated by President Joe Biden, Biden’s White House or the Biden-era federal Justice Department. Third, there is no basis for the claim that Colangelo oversees Bragg; Bragg is Colangelo’s boss. Facts First: Trump’s claims are not even close to true; Manhattan, like New York City as a whole, is nowhere near record highs for murder or violent crime more broadly. They want to take away my constitutional right to talk.”Facts First: Trump’s claims are exaggerations.

Persons: Donald Trump, Trump’s, Biden, Trump, Joe Biden, Biden’s, Matthew Colangelo, Alvin Bragg, Joe Biden’s, ”, “, ” Trump, Thugs ”, Colangelo, ” Bragg, Bragg, It’s, Joe Schmoe, ’, Jeff Asher, Juan Merchan, Loren Merchan, Loren Merchan “, Al Baker, Loren Merchan didn’t, Baker, Loren Merchan’s, Judge Merchan’s, Judge, I’m, Merchan, Merchan’s, Soros, George Soros, Michael Vachon, Vachon, Alvin Bragg’s, ” Soros, Rashad Robinson, overstate, Al Capone, Capone, Brad Schwartz, CNN couldn’t, Schwartz Organizations: Washington CNN, Justice Department, DOJ, Biden, Bragg, Manhattan, New York, CNN, Trump, Democratic, The Spectator, Soros, PAC, Democracy PAC, Change’s PAC Locations: Manhattan, York’s, New, New York City, Pennsylvania, Fulton County , Georgia

☆ A major Burger King franchisee in California says he can't roll out order kiosks fast enough due to the state's new $20 fast-food minimum wage
▼ + stars: | 2024-04-12 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

A huge Burger King franchisee is rushing to cut costs over California's $20 minimum wage for fast-food workers. AdvertisementA major fast-food franchisee in California says he's rushing to roll out digital order kiosks as part of plans to cut costs over the state's new $20 minimum wage for fast-food workers. Ghai said he owns 180 fast-food restaurants in California, including about 140 Burger King locations and numerous Taco Bell and Popeyes restaurants. Ghai says he can't raise prices any moreThe new minimum wage, which applies to limited-service restaurant chains with at least 60 locations nationwide, came into effect on April 1. It's 25% higher than the state's general minimum wage of $16 an hour, though many cities and counties in California have set theirs higher.

Persons: —, Harsh Ghai, Ghai, he's, Shack, Burger King, Taco Bell Organizations: Burger King, Service, Taco Bell, BI, Taco Locations: California, West Coast, Burger

☆ A couple that quit full-time work in their 20s share the money mindset that 'propelled' them to financial independence without altering their quality of life: 'We made zero sacrifices'
▼ + stars: | 2024-04-12 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +4 min

Lauren and Steven Keys built a million-dollar portfolio from scratch, which set them up to quit their full-time jobs in their 20s and pursue various side projects and creative work. "We made, honestly, zero sacrifices on our journey," Steven said, noting that they never budgeted or tracked their spending. The couple kept the cost of their hobbies in check and sometimes even found ways to monetize them. In fact, it made us significantly more money than it cost us in the first place," said Steven. Playing Magic: The Gathering, on aggregate over my lifetime, has actually made me money, not cost me."

Persons: Lauren, Steven Keys, Steven, we're Organizations: Business, Bureau of Labor Statistics — Locations: The Florida, United States

☆ Here are 3 dividend stocks that could offer passive income, fund managers say
▼ + stars: | 2024-04-10 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

In a market where finding reliable passive income streams can be challenging, two fund managers have shared their insights on dividend stocks that could offer attractive yields and growth potential. Broadcom One such stock Burdett highlighted is Broadcom , a semiconductor and software company. Orange Another stock Burdett finds compelling is Orange SA , a French telecommunications company with a current dividend yield of 6.8%. ORA-FR 1Y line While the stock price has remained relatively unchanged this year, Wall Street expects it to rise by 25% to 13.25 euros. The spun-off cereal business of Kellogg Company, now known as Kellanova .

Persons: Matt Burdett, Burdett, Thornburg, MASMOVIL, ORA, WK Kellogg Brian Leonard, Keeley Teton, Leonard, Leonard citied WK Kellogg, Mills, WK Kellogg Organizations: Thornburg Investment, Broadcom, CA Technologies, VMware, Wall, Orange, Burdett, Orange SA, CNBC Pro, Leonard citied WK Kellogg Co, Kellogg Company Locations: Burdett, United States, French, U.S, Orange, France

Morgan Stanley raised its price target on Ford after the company reassessed its electric vehicle strategy. That "paints path to ~$230-$290 stock price as we argue AMZN could warrant an even higher multiple in this scenario," he added. — Michelle Fox 7:38 a.m.: Evercore hikes Disney price target, points out near-term catalysts Walt Disney has a bright near-term outlook, according to Evercore ISI. In addition to cutting his price target, Harned also pulled down his outlook for free cash flow and deliveries. — Alex Harring 5:48 a.m.: KeyBanc raises Nvidia price target There's no slowing down Nvidia , according to KeyBanc.

Persons: Morgan Stanley, KeyBanc, Brian Nowak, Jon Tower, — Michelle Fox, Walt Disney, Vijay Jayant's, Jayant, Bob Iger, — Lisa Kailai Han, David Palmer, Palmer, Uber, — Alex Harring, Bernstein, Douglas Harned, Harned, Dave Calhoun, Alex Harring, Anthony Chukumba, Chukumba, selloff, Ross Seymore, Seymore, TD Cowen, Doug Anmuth, Anmuth, there's, John Blackledge, Blackledge, Jason Bazinet, Bazinet, There's, Goldman, Goldman Sachs, Kate McShane, McShane, BJ, Mark Strouse, Strouse, Adam Jonas, Jonas, Ford, John Vinh, Vinh, Fred Imbert Organizations: CNBC, Monday's, Ford, Nvidia, Amazon, Citi Citi, Grill, ISI, Disney, India's Reliance Industries, Reliance Industries, Netflix, Hulu, Boeing, Dow Jones, Capital, Loop Capital, Deutsche Bank, Broadcom, VMWare, JPMorgan, Citi, BJ's Wholesale, GE, GE Vernova Locations: Michigan, Alaska, F1Q, California, The Massachusetts, Friday's, China

☆ CNBC Daily Open: Disney wins proxy fight
▼ + stars: | 2024-04-04 | by ( Clement Tan | In Clemtan | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Korea leads AsiaKorea led stock market gains in Asia-Pacific on Thursday, with markets in Hong Kong, China and Taiwan shut for a public holiday. U.S. Secretary of State Antony Blinken is also due to visit China again later this year. [PRO] Autos winnersA Tesla short-seller named two auto stocks that he believes have the potential to deliver 100% upside for investors.

Persons: Robert Iger, Mickey Mouse, Korea's, Jerome Powell, Steve Cohen, David Einhorn, Henry V, Janet Yellen, Antony Blinken, Tesla Organizations: Walt Disney Company, New, Children's Hospital, Children's Hospital Los Angeles, CNBC, Nikkei, Dow Jones, Intel, Nasdaq, Fed, Treasury Locations: Children's Hospital Los, Los Angeles , California, Korea, Asia Korea, Asia, Pacific, Hong Kong, China, Taiwan, U.S, Yellen, China U.S

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