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☆ Wein: The markets appear to be taking negative and mediocre news in stride
▼ + stars: | 2023-04-17 | 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 EmailWein: The markets appear to be taking negative and mediocre news in strideJosh Wein of Hennessy Funds says market volatility has been rather subdued in the weeks since the banking crisis, and when it returns, it's likely to be on the upside.

☆ Elon Musk holds the keys to the moon because SpaceX's Starship megarocket launch is crucial to NASA's return
▼ + stars: | 2023-04-16 | by ( Marianne Guenot | Kate Duffy | ) www.businessinsider.com time to read: +9 min

The rocket, which NASA has tagged for upcoming missions, is crucial to NASA's return to the moon. The highly anticipated Starship launch will determine whether NASA's Artemis moon program is on track for success. NASA's SLS relies on Starship for the moon landingA Starship prototype being launched. NASA's SLS rocket, by contrast, has a high price tag for the taxpayer: The project has cost $50 billion in development since the program's inception in 2006. All of this makes NASA's SLS a poor competitor to SpaceX's shiny new rocket.

☆ The World Is Volatile but Luxury Brands Look Serene
▼ + stars: | 2023-04-15 | by ( Carol Ryan | ) www.wsj.com time to read: 1 min

Hermès is among the three luxury-goods companies that together snagged the majority of incremental revenue in 2022. In a world coping with inflation, war and bank runs, it seems counterintuitive that demand for luxury is still running hot. Yet in recent days, two big designer brands reported bumper first-quarter sales. Paris-listed Hermès said its revenue grew 23% from a year earlier in the three months through March, ahead of the 13% analysts were expecting. At LVMH Moët Hennessy Louis Vuitton—owned by Bernard Arnault , the world’s wealthiest person—sales grew 17% in the same period.

☆ The stock market rally in 2023 has added $213 billion to the wealth of the world's top 10 billionaires
▼ + stars: | 2023-04-15 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

A strong start to the stock market this year has helped reverse some of the big losses billionaires saw in 2022. So far this year, the world's top 10 billionaires added a collective $213 billion to their net worth. MARTIN BUREAU/AFP via Getty ImagesNet Worth: $92.8 billion2023 Gain: $21.3 billionSource of Wealth: L'Oreal9. Elon MuskElon Musk Gilbert Carrasquillo/GC ImagesNet Worth: $180 billion2023 Gain: $43.2 billionSource of Wealth: Tesla, SpaceX, Twitter1. Bernard ArnaultEric Piermont/Getty ImagesNet Worth: $210 billion2023 Gain: $47.8 billionSource of Wealth: LVMH Moet Hennessy Louis Vuitton

☆ Watch CNBC’s full interview with Hennessy Funds' Neil Hennessy on energy price outlook
▼ + stars: | 2023-04-14 | 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 EmailWatch CNBC’s full interview with Hennessy Funds' Neil Hennessy on energy price outlookNeil Hennessy, Hennessy Funds, joins 'The Exchange' to give his take on the markets.

☆ Club meeting recap: Jim Cramer says Wells Fargo is a buy following a first-quarter earnings beat
▼ + stars: | 2023-04-14 | by ( Christopher Alessi | In | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Equities fall Buy Wells Fargo Watch Estee Lauder 1. Buy Wells Fargo Club holding Wells Fargo (WFC) on Friday delivered a beat on first-quarter revenue and earnings, while reiterating its full-year guidance for net interest income and expenses. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

☆ LVMH CEO Bernard Arnault's wealth soared to a record high of $210 billion on the same day protestors swarmed the company's headquarters in Paris
▼ + stars: | 2023-04-14 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

LVMH boss Bernard Arnault's fortune soared by $12 billion on Thursday to a record high of $210 billion, per Bloomberg. LVMH shares hit a record high in Thursday trade after a strong first-quarter earnings report. On Thursday, LVMH shares price on the Euronext Paris stock exchange hit a record high of 884.50 euros, or $979, before closing 5.7% higher at 883.90 euros a piece. LVMH's Arnault has featured frequently in protest slogans and chants, per Reuters on Thursday. LVMH shares are extending gains on Friday, trading 0.7% higher at 889.90 euros at 9:57 a.m. in Paris.

☆ Investors should focus on quality, 'boring' stocks, says Hennessy Funds' Neil Hennessy
▼ + stars: | 2023-04-14 | 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 EmailInvestors should focus on quality, 'boring' stocks, says Hennessy Funds' Neil HennessyNeil Hennessy, Hennessy Funds, joins 'The Exchange' to give his take on the markets.

CNN —The suspect in the leak of classified Pentagon documents posted on social media has been charged under the Espionage Act with unauthorized retention and transmission of national defense information and unauthorized removal of classified information and defense materials. According to charging documents, Teixeira held a top secret security clearance and allegedly began posting information about the documents online around December 2022, and photos of documents in January. Investigators narrowed in on the potential members of the chat group with evidence collected following the discovery of the classified documents online. Four Discord users active in a different Discord chatroom where the documents later appeared told CNN the documents began circulating on Thug Shaker. Several former high school classmates of Teixeira’s told CNN Thursday that he had a fascination with the military, guns and war.

☆ Analysis: LVMH's caution points to Americans' waning lust for luxury
▼ + stars: | 2023-04-13 | by ( Mimosa Spencer | ) www.reuters.com time to read: +5 min

[1/2] A LVMH luxury group logo is seen prior to the announcement of their 2019 results in Paris, France, January 28, 2020. European labels including LVMH's Louis Vuitton and Dior, as well as Chanel and Hermes have been riding a wave of strong demand from Americans, who emerged from lockdowns with savings and a desire to splash out on designer labels. He added the group is taking a cautious approach to price increases this year -- not just for cognac. "It's probably the most emblematic luxury store in the world," said Guiony. Elliott Savage, portfolio manager of U.S.-based fund YCG Investments, which holds shares in LVMH and other luxury brands, said a weakening U.S. luxury market in the near term could present an opportunity for dominant players to take market share.

☆ A flurry of news outside the portfolio has implications for 3 of our stocks
▼ + stars: | 2023-04-13 | by ( Jeff Marks | ) www.cnbc.com time to read: +7 min

Here are three noteworthy news developments over the past two days, which contain useful insights about our stocks. For the full year 2023, Novo now expects sales growth in the range of 24% and 30%, compared to prior estimates of 13% to 19%. In addition, operating profit growth is expected to be in the range of 28% and 34%, up from a prior range of 13% to 19%. 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.

☆ LVMH Q1 sales lifted by strong Chinese rebound
▼ + stars: | 2023-04-12 | by ( ) www.reuters.com time to read: +2 min

PARIS, April 12 (Reuters) - LVMH (LVMH.PA), the world's largest luxury company, reported a 17% rise in first-quarter sales, more than double analysts' expectations, as China rebounded after COVID-19 lockdowns. LVMH said first-quarter sales grew by 14% in Asia, excluding Japan, and by 8% in the United States. That compared with flat revenues in Asia and 15% growth in U.S. sales for last year. "Asia experienced a significant rebound," the company said in a statement. LVMH made 27% of its 2022 revenues in the Americas, and 30% in Asia excluding Japan.

☆ 12 Best Gifts for a First-Time Dad
▼ + stars: | 2023-04-11 | by ( ) www.wsj.com time to read: +7 min

Here are 12 of the best first Father’s Day gift ideas. For the stylish dadFew things are more adorable than teeny baby shoes—especially when they’re paired up with a practically identical pair of kicks for Dad to wear as well. For the sentimental dadGo ahead, pull on the heartstrings—a sentimental gift makes perfect sense, especially for an occasion like Father’s Day. The cap comes in 14 color combinations and can even be personalized with a different word or phrase of your choice. “It’ll make a great prop or photo opp, and you can’t have too many cute new parent pictures!” she says.

Persons: Sarah Grossbart, Rachel Simon You, ”, Paul Zahn, they’re, Adidas Stan Smith, Lindsay Roberts Schey, “ it’s, Alison Deyette, Josh McBride, Nick Guy, Steve Greenberg, it’s, Kimberly Wolf, Roberts Schey, Beau, —, Elisabeth Jones, Hennessy, GiftMeChic, Hannah Redmond, “, Comfort, Deyette, ” Wolf Organizations: Polaroid, Adidas Locations: Los Angeles, New York City, Houston, Kiehl’s

☆ 19 Best Gift Ideas for the Dad Who Has Everything
▼ + stars: | 2023-04-06 | by ( ) www.wsj.com time to read: +10 min

To help, we tapped a coterie of expert gift-givers to share the best gifts for dads who have everything. For the dad who loves to relaxFor the dad who’s always moaning about his aching feet, gift him this top-rated foot massager, which uses a mix of Shiatsu, compression and vibration to provide an effective and thorough massage. For the dad who loves to napFor fathers who enjoy an afternoon snooze or have trouble sleeping at night, these wireless sleep headphones are a solid bet. New York City-based Greenberg loves the space-saving aspect. If he’s even “slightly handy,” says Greenberg, he’ll appreciate this addition to his gadget arsenal.

Persons: Sarah Grossbart, Rachel Simon, “, ”, Josh McBride, Bad Birdie, Hannah Redmond, that’s, Steve Greenberg, wouldn’t, Greenberg, I’ve, —, Redmond, Elisabeth Jones, Hennessy, Dad, Alison Deyette, Paul Zahn, won’t, Zahn, ” Greenberg, he’ll, Roberts Schey’s, Francisco Corvi’s, Keys, Roberts Schey, Pam Blondin Organizations: Bluetooth, VR, Scout Locations: New York City, York City, Florida, . New York City, Los Angeles, Argentine, Raleigh, North Carolina

☆ LVMH boss Bernard Arnault's wealth soared over $200 billion, making him the third person ever after Elon Musk and Jeff Bezos to reach the milestone
▼ + stars: | 2023-04-05 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

LVMH boss Bernard Arnault's net worth surpassed $200 billion on Tuesday. Arnault is also the first person outside the US to surpass a net worth of $200 billion. His net worth gained $2.4 billion on Tuesday, bringing the Frenchman's fortune to $201 billion, per Bloomberg's index. Shoppers in China are expected to boost the luxury goods sector this year after the country lifted COVID-zero restrictions. The 73-year-old tycoon has not announced who will succeed him as LVMH CEO.

☆ Here are the top generative-AI startups founded by ex-Googlers that are raising hundreds of millions in 2023, despite a tough funding market
▼ + stars: | 2023-03-29 | by ( Thomas Maxwell | ) www.businessinsider.com time to read: +2 min

Google built much of the foundational technology behind today's generative-AI boom. Some Googlers who built key technology are raising millions to start their own AI companies. While OpenAI has garnered considerable attention for ChatGPT, much of the foundational AI technology that made the chatbot possible got its start inside Google. Excited by ChatGPT and the potential of generative AI, some employees from Google have left the company to found their own AI startups with the belief that generative AI will alter how humans and computers interact. Below are some companies that former Googlers founded that capitalize on their work in generative AI and natural-language processing.

☆ Companies Urged to Take Stock of Their Impact on Nature and Related Risks
▼ + stars: | 2023-03-28 | by ( Joshua Kirby | ) www.wsj.com time to read: +5 min

“We used to think of nature as an endless supplier of resources into our business practices,” he said. “We’re trying to shift the conversation around the nature of the relationship between nature and business.”The final framework should give priority to the end result in natural areas, said Kat Bruce, founder and director of environmental-DNA startup NatureMetrics. Some $44 trillion of global economic value is moderately or highly dependent on nature, according to the World Economic Forum. Companies and shareholders should pay more attention to the material risk of natural degradation, Mr. Goldner said. The draft framework includes sector-specific guidance for areas including agriculture, mining, energy and financial services.

☆ Here are the Club’s 7 'safety stocks' for a volatile economic environment
▼ + stars: | 2023-03-28 | by ( Paulina Likos | ) www.cnbc.com time to read: +8 min

PG YTD mountain YTD peformance Jim called Procter & Gamble (PG) his favorite stock in the portfolio right now. COST YTD mountain YTD peformance Costco (COST) is one of the best retailers to own in a strained economy. HUM YTD mountain YTD peformance Humana (HUM) is our managed-care play and we're holding the stock for its defensive characteristics. JNJ YTD mountain YTD peformance Health care leader Johnson & Johnson (JNJ) has been a tough name to own as of late. PANW YTD mountain YTD peformance Cybersecurity giant Palo Alto Networks (PANW) is one of our newer holdings, which we started in mid-February .

☆ Johnnie Walker maker Diageo appoints Debra Crew CEO
▼ + stars: | 2023-03-28 | by ( Hanna Ziady | ) edition.cnn.com time to read: +2 min

London CNN —One of the world’s largest alcoholic drinks companies has appointed its first female CEO. Diageo, which makes Guinness beer and Johnnie Walker whisky, said Tuesday that chief operating officer Debra Crew would succeed Ivan Menezes, who will retire from the company after 10 years at the helm. Diageo is the seventh-largest member of the FTSE 100 (UKX) index and will now become the largest UK-listed company led by a woman. There are just nine other FTSE 100 (UKX) companies led by women, including pharmaceutical company GlaxoSmithKline (GLAXF) and bank NatWest. Diageo is the world’s fourth biggest alcoholic drinks company by market value, after AB InBev (BUD) and China’s Wuliangye Yibin and Kweichow Moutai.

Possible outcomes for under-pressure regional banks could see a stronger rival take over a weaker, or cash infusions from investors such as private equity, the industry sources said. Reuters GraphicsUNDER PRESSUREInvestors voted with their feet on Monday, putting bank stocks under pressure around the world. So investors think it’s a relative gamble staying around owning regional banks before knowing what will change in regulation," said Brian Levitt, global market strategist for Invesco. Regional bank stocks are "an incredible bargain now," billionaire investor Bill Ackman said on Twitter on Monday. "There’s value in these banks, they are not all alike," said Michael Farr, chief executive of investment advisory firm Farr, Miller & Washington who owns banks stocks including PNC and Truist.

☆ Google employees are already internally testing a smarter version of its chatbot called 'Big Bard'
▼ + stars: | 2023-03-13 | by ( Hugh Langley | ) www.businessinsider.com time to read: +2 min

Googlers are testing the company's Bard chatbot ahead of release. Staff also have access to a superior version, named "Big Bard." Big Bard produces much richer and more humanlike responses. Insider viewed examples of users asking both versions similar questions, and Big Bard produced richer and more humanlike responses. Big Bard appears to be a preview of what a more advanced version of the chatbot might look like.

☆ Two Google engineers built a ChatGPT-like AI chatbot years ago, but execs reportedly shut it down due to safety concerns
▼ + stars: | 2023-03-08 | by ( Aaron Mok | ) www.businessinsider.com time to read: +5 min

Ex-Google engineers developed a conversational AI chatbot years ago, per The Wall Street Journal. Google is now racing to catch up with Microsoft's AI and plans to release its AI chatbot this year. "It caused a bit of a stir inside of Google," Shazeer said in an interview with investors Aarthi Ramamurthy and Sriram Krishnan last month. But Google's AI plans may now finally see the light of day, even as discussions around whether its chatbot can be responsibly launched continue. Alphabet chairman John Hennessy agreed that Google's chatbot wasn't "really ready for a product yet."

☆ Our quest to make AI love us back is futile — and dangerous
▼ + stars: | 2023-03-06 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +8 min

But that's futile, experts say, because the AI of today can't feel empathy, let alone love. We've spent years trying to get AI to love us back. Experts told Insider that it's futile to expect the AIs that exist right now to love us back. During a simulation in October 2020, OpenAI's GPT-3 chatbot told a person asking for psychiatric help to kill themselves. Halpern, the UC Berkeley professor, told Insider AI-based relationships are perilous also because the entity can be used as a money-making tool.

☆ Morgan Stanley's favorite stocks to play the $6 trillion A.I. internet opportunity
▼ + stars: | 2023-03-03 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

The boom in artificial intelligence is just beginning, with a more than $5.9 trillion AI revenue opportunity ahead across the internet industry, according to Morgan Stanley. Alphabet already has about 50% upside to Morgan Stanley's price target and could see another 12% driven by AI. The company has nearly 65% upside to Morgan Stanley's price target and another nearly 9% upside driven by AI. Advertising technology company The Trade Desk has 5.5% upside to Morgan Stanley's price target and another 21.4% AI-driven upside. Lastly, Shutterstock has 13.2% upside to Morgan Stanley's price target and the largest AI-driven upside, at 38%.

☆ Elon Musk's Starlink satellites are ruining images from NASA's Hubble Space Telescope, threatening future science
▼ + stars: | 2023-03-03 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +8 min

NASA's Hubble Space Telescope is getting more satellites ruining its images, a new study found. Hubble images streaked with white lines show the impact of just one satellite flying through the telescope's field of view. The proportion of Hubble images that look like this is increasing as more satellites fill Earth's orbit, the study found. Hubble peers through a growing 'wall' between us and the universeThe Hubble Space Telescope in Earth's orbit. So far SpaceX has launched more than 3,000 Starlink satellites and plans to eventually maintain up to 42,000 satellites in orbit.

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