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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIf March CPI is too hot, expect market volatility, says Kevin SimpsonKevin Simpson, Founder and Chief Investment Officer of Capital Wealth Planning, discusses inflation, rate cuts, and his latest portfolio moves.
Persons: Kevin Simpson Kevin Simpson Organizations: Wealth Planning
Instead, he focuses on a five-year time horizon to see how dividend growth is trending and pays attention to valuations. "You don't want to overpay for something just because it has an attractive history of increasing its dividend," Simpson said in an interview with CNBC. "The most important part is the dividend is increasing because the company has the earnings to support the dividend growth," Simpson noted. JPMorgan Chase has a five-year compound annual dividend growth rate of 10.3%, Simpson said. The last two names on his list have dividend yields under 1%, which means some investors may overlook them as dividend-payers.
Persons: Kevin Simpson, Simpson, doesn't, JPMorgan Chase Organizations: Dow Jones, Nasdaq, Wealth, CNBC, JPMorgan, Marathon Petroleum, Visa, Mastercard, Microsoft
But Norfolk Southern didn’t admit to any liability or wrongdoing as a result of the settlement. Following the February 3, 2023, Norfolk Southern freight train derailment, residents were ordered to evacuate temporarily. But several class-action lawsuits say the company hasn’t done enough to remediate the toxic chemicals released into the area. They also blamed Norfolk Southern for negligence. Shares of Norfolk Southern (NSC) fell 2% in premarket trading.
Persons: , , Seth Katz, Burg Simpson Eldredge Hersh, Jardine, Elizabeth Graham of Grant, Eisenhofer, Jayne Conroy, Simmons Hanly Conroy, Michael Morgan, Morgan, Norfolk Southern Organizations: New, New York CNN, Norfolk Southern, Norfolk, National Transportation Safety, Senate Locations: New York, Palestine , Ohio, State, East Palestine
Dollar steady ahead of jobs data; yen hits two-week high
  + stars: | 2024-04-05 | by ( ) www.cnbc.com   time to read: +3 min
The yen, while still close to the 152 range, hit a two-week high against the greenback as safe-haven bids and fresh warnings from Japanese authorities buoyed the currency. The dollar has had a turbulent week, falling from a five-month high to a two-week low after an unexpected slowdown in U.S. services growth supported expectations of bringing interest rates down. The dollar index , which measures the greenback against a basket of major currencies, was last largely unchanged at 104.18. Japanese Finance Minister Shunichi Suzuki on Friday reiterated the government's resolve to take appropriate action against sharp yen falls. The yen strengthened 0.29% versus the greenback to a two-week high of 150.92.
Persons: payrolls, Neel Kashkari, Jerome Powell, Charu Chanana, Joe Biden, Matt Simpson, Shunichi Suzuki, Kazuo Ueda, bitcoin Organizations: U.S, The U.S, greenback, Minneapolis Federal, Saxo, Biden, Finance, Bank of Japan, Asahi Locations: The, Minneapolis, Gaza, Iran
I'm a dip buyer here, says Capital Wealth's Kevin Simpson
  + stars: | 2024-04-04 | 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 EmailI'm a dip buyer here, says Capital Wealth's Kevin SimpsonKevin Simpson, Capital Wealth Planning founder and CIO, joins 'Closing Bell' to discuss finding value in the market pullback and his Q2 stock playbook.
Persons: Kevin Simpson Kevin Simpson Organizations: Wealth Planning
Gold smashes record again as U.S. inflation worries loom
  + stars: | 2024-04-03 | by ( ) www.cnbc.com   time to read: +2 min
Gold prices extended a record run on Wednesday as concerns of rising inflation boosted demand for gold as a hedge, with bullion traders shrugging off doubts over an imminent U.S. interest rate cut and rising Treasury yields. Gold prices extended a record run on Wednesday as concerns of rising inflation boosted demand for gold as a hedge, with bullion traders shrugging off doubts over an imminent U.S. interest rate cut and rising Treasury yields. Spot gold was up 0.3% at $2,286.24 per ounce, as of 0406 GMT, and hit a record high of $2,288.09 earlier in the session. Data this week showed U.S. manufacturing unexpectedly rebounded, with the rise in raw materials prices triggering fears that inflation could resurge. "With commodity prices rising in general, it brings the risks of another round of inflation - so perhaps investors are hedging for inflation," Simpson said.
Persons: Bullion, Matt Simpson, Simpson, Edward Meir said Organizations: Index, Federal Locations: U.S, Ukraine, Asia
Washington CNN —Microsoft committed a “cascade” of “avoidable errors” that allowed Chinese hackers to breach the tech giant’s network and later the email accounts of senior US officials last year, including the secretary of commerce, a scathing US government-backed review of the incident has found. In particular, the review board faulted Microsoft (MSFT) for not adequately protecting a sensitive cryptographic key that allowed the hackers to remotely sign into their targets’ Outlook accounts by forging credentials. The hackers downloaded about 60,000 emails from the State Department alone, department spokesman Matthew Miller has said. Microsoft has “mobilized our engineering teams to identify and mitigate legacy infrastructure, improve processes, and enforce security benchmarks,” the statement continued. Russian hackers allegedly infiltrated software made by US firm SolarWinds to steal emails from US government agencies in 2020.
Persons: , Joe Biden, , China Nicholas Burns, Antony Blinken, Matthew Miller, Gina Raimondo, Raimondo, Cory Simpson, ” Simpson Organizations: Washington CNN, Microsoft, US, Department of Homeland Security, CNN, State Department, Institute, Infrastructure Technology Locations: Washington, China, Russia
Where to watch The Simpsons in the USThe Simpsons airs Sunday nights at 8 p.m. Sling TV Subscription For just the essentials without any extra fluff, Sling TV is the streaming service you're looking for. Hulu + Live TV Hulu + Live TV includes over 90 channels, along with Hulu's on-demand library and access to Disney Plus and ESPN Plus. Where to watch The Simpsons in the UK & 60+ other countries34 seasons of The Simpsons are available to stream on Disney+ in the UK and over 60 other countries. How to watch The Simpsons from anywhereIf you're hoping to tune into the current season of The Simpsons but you're currently traveling outside of the US, then you can check out a VPN (virtual private network).
Persons: we've, Homer Simpson, Fox, Hulu's, Stark, ExpressVPN Organizations: Business, Fox, Hulu, Disney, ESPN, Disney Plus Locations: New York, Philadelphia, Chicago, Los Angeles, Austin
Sam Bankman-Fried could be sent to a prison with limited vegan options, per The Wall Street Journal. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The disgraced crypto entrepreneur could carry out his 25-year sentence at Mendota, a medium-security prison near Fresno, California, a prison consultant hired by his lawyers said. There, he might have to opt for vegan items on the prison's commissary list such as rice, almonds, and Skittles drink mix, The Wall Street Journal reported. AdvertisementUS District Judge Lewis Kaplan, who imposed Bankman-Fried's 25-year sentence on Thursday, recommended he serve it in a low- or medium-security prison near his parents' home in San Francisco.
Persons: Sam Bankman, , Fried, Lewis Kaplan, Joel Sickler, Bill Baroni, He's, Baroni, He'll, Carmine Simpson, who's, Judge Kaplan, Sam, Simpson Organizations: Street, Service, Street Journal, Federal Bureau of Prisons, New, Metropolitan Detention, NYPD, BI Locations: Mendota, Fresno , California, San Francisco, Lompoc, Santa Barbara, New Jersey, Brooklyn
Gold subdued as dollar firms, investors seek more Fed cues
  + stars: | 2024-03-27 | by ( ) www.cnbc.com   time to read: +2 min
Gold prices held steady on Tuesday despite a stronger dollar and elevated Treasury yields, as investors awaited the minutes of the last U.S. Federal Reserve policy meeting for more clues on its interest rate cut timing. Gold prices edged lower on Wednesday due to an uptick in the dollar, although bullion traded in a narrow range as investors stayed on the sidelines awaiting more cues on the U.S. Federal Reserve policy. Spot gold was down 0.1% at $2,176.80 per ounce, as of 0533 GMT. The dollar index strengthened 0.1% against its rivals, making gold more expensive for other currency holders. "It's difficult to construct an overly bearish case for gold prices with the current backdrop of geopolitics and potential central easing," City Index senior analyst Matt Simpson said.
Persons: Matt Simpson, Austan Goolsbee, JP Morgan Organizations: Federal Reserve, U.S . Federal, Index, Chicago Fed, Fed Locations: U.S
Many of their superyachts were seized or frozen, leading industry insiders to question their fate. The war prompted many governments to enact sanctions against Russia's richest, including seizing their superyachts worth hundreds of millions of dollars. At least a dozen superyachts — worth well over $1 billion combined — have been affected. Russia's sanctioned superyachts are hard to buy and sellThe first problem is that many of the yachts are "frozen" — not seized. "How does it look if you bought a Russian boat?"
Persons: It's, , Russia's, I've, Julia Simpson, Thompson of Monaco, it's, Joshua Naftalis, Ralph Dazert, Alfa Nero, Eric Schmidt, Simpson Organizations: Service, Russia's, Palm, SuperYacht, Thompson, Pallas Partners, SuperYacht Times Locations: Russia, Ukraine, Russian, San Diego, Antigua, Barbuda, Maldives, Montenegro, Dubai
As part of this initiative, the Aerospace Technology Institute program will provide support for R&D projects through 2030. This commitment extends the Aerospace Technology Institute (ATI) program until 2030, which supports mid-stage research and development projects led by industry. Another recipient of the ATI program funding is Vertical Aerospace, the UK's pioneer of electric aviation. Smaller businesses reap the benefits of funding programsA key focus of the program is funding projects by SMEs. The UK's long-term vision for civil aerospace is developed through the Aerospace Growth Partnership (AGP), which is a strategic partnership between the UK government, industry, and academia to secure the future of UK Aerospace.
Persons: Paul Griffiths, Dominic Weeks, ZeroAvia, Stuart Simpson, Simpson, Sylatech, Gordon Gunn, MeltX, Griffiths Organizations: Aerospace Technology Institute, ATI, Aerospace, UK Department for Business, Trade, Dornier, ZeroAvia Investment, Cranfield University, Alloyed, University of Sheffield, Aerospace Growth, UK Aerospace, Farnborough, Manufacturing, Insider Studios, UK's Department for Business Locations: North Yorkshire
Read previewAt the talent agency WME, top agents work to nurture the careers of A-list stars like Selena Gomez and Ryan Coogler. AdvertisementTrainees learn from WME clients like Rachel Maddow. At the end of each year, there's a fireside chat with Mark Shapiro, president and COO of WME parent Endeavor and TKO, who's been joined by WME clients Rachel Maddow and Robin Roberts. AdvertisementThe program helped lead to a TV show dealTrainees presented a business plan for WME client Christina "Tinx" Najjar. (The trainee program is separate from WME's highly competitive mailroom program that trains recent college grads to become agent assistants.)
Persons: , Selena Gomez, Ryan Coogler, Marc Korman, Rachel Maddow, Nathan Congleton, Mike Simpson, Quentin Tarantino, there's, Mark Shapiro, who's, Robin Roberts, Justin Timberlake, Korman, Christina, Tinx, Dia Dipasupil, William Morris, Anna DeRoy, Talitha Garrett, WME's, Garrett, DeRoy, WME, It's, Ari, Ari Emanuel, COVID, they'll, Nat Wyatt, Maddow, Sunny Hostin, Wyatt, they're, Olivia Rodrigo Organizations: Service, Business, Getty, Endeavor, HBO Locations: NBCU, Silicon, Nashville
Simpson was behind the play with 14.7 seconds left Thursday night when Samford's A.J. Replays from a number of angles showed no contact on the play that sent Timberlake crashing to the floor. “We're talking about last plays that are deciding games, not an incorrect travel call or something like that,” Clougherty said. “The mindset is always, when I blow the whistle, I want to be able to justify the contact,” he said. “These NCAA games, as close as they are, you better not miss a critical play, or they'll find someone else to referee the games,” Clougherty said.
Persons: Lamar Simpson, Simpson, Samford's A.J . Staton, McCray, Nicolas Timberlake, Timberlake, John Clougherty, it's, ” Clougherty, , Clougherty, , , Greg McDermott, Brad Underwood, Tommy Lloyd, we’ve, Staton, Casper, lifer, Kenny Anderson's, Will Graves, Eric Olson Organizations: LAKE CITY, Samford, NCAA, KU, AP, NBA, , Georgia Tech, Michigan State, AP Sports Locations: Kansas, Salt Lake City, Atlantic, — Illinois
CNN —Xander Schauffele capitalized on Wyndham Clark splashing a horror shot into the waters of the fabled 17th hole at TPC Sawgrass to nudge into a one stroke lead and tee up a grandstand finish at The Players Championship. “Why would you not tee the ball up when you can?” questioned Sky Sports Golf broadcaster Ewen Murray. Clark became the latest golfer to fall foul to the 17th hole. After matching Schauffele’s par at the last hole to sign off his two-under 70 round, Clark remains within striking distance of the $4.5 million winner’s purse. Having battled through a neck injury for most of his second round, Scheffler shot 68 as he bids to become the first golfer to ever win back-to-back Players titles.
Persons: Xander Schauffele, Wyndham Clark, Clark chunked, , Ewen Murray, “ He’s, Laura Davies, Clark, Lynne Sladky, Clark –, , ” Clark, that’s, ’ ” Clark, John Ellis, “ I’m, Mike Ehrmann, Schauffele, Brian Harman, ” Harman rued, ” Harman, Jared C, Tilton, McIlroy England’s Matt Fitzpatrick, McNealy, Scottie Scheffler, Scheffler, Rory McIlroy’s, Webb Simpson, Justin Ray, It's, Simpson, McIlroy Organizations: CNN, PGA Tour’s, Sports, Getty, Northern, McIlroy Locations: Clark, , Florida
Read preview"Black Mirror," the ground-breaking dystopian anthology series, is trying something new for season 7: its first sequel episode. No casting has been confirmed yet for the sequel episode. "USS Callister" tells the story of a game creatorJesse Plemons as Robert Daly in "Black Mirror" episode "USS Callister." AdvertisementThe sequel episode will likely follow the remaining crew members entering Infinity and interacting with real players. Season 7 will be the fourth season made by NetflixCristin Milloti as Nanette Cole in "Black Mirror" episode "USS Callister."
Persons: , Anne Mensah, " Mensah, Robert Daly, Cristin Milloti, Michaela Coel, Jimmi Simpson, Billy Magnussen, Aaron Paul, Plemons, Kirsten Dunst, Plemons didn't, Jesse Plemons, Daly, Robert, Netflix Cristin Milloti, Nanette Cole, Jonathan, Charlie Brooker, Brooker Organizations: Service, Netflix, Business, Plemons, Guardian, Channel Locations: London, British
Dollar steadies as traders weigh hotter-than-expected inflation
  + stars: | 2024-03-13 | by ( ) www.cnbc.com   time to read: +3 min
The U.S. dollar held steady against a handful of rival currencies on Wednesday, as traders weighed what impact hotter-than-expected inflation data could have on chances of an interest rate cut at the Federal Reserve's June meeting. The U.S. dollar held steady against a handful of rival currencies on Wednesday, as traders weighed what impact hotter-than-expected inflation data could have on chances of an interest rate cut at the Federal Reserve's June meeting. The U.S. consumer price index, or CPI, increased solidly in February, beating forecasts and suggesting some stickiness in inflation. That has left analysts wondering whether the Fed will have sufficient data to justify more than a couple of rate cuts all year. The dollar index , which measures the greenback against a basket of peer currencies, was little changed at 102.91.
Persons: Powell, Matt Simpson, Kazuo Ueda's, bitcoin Organizations: U.S, Federal, Fund, U.S ., CPI, Bank of Japan, Traders, European Central Bank Locations: U.S
Gold rally hits pause ahead of U.S. inflation data
  + stars: | 2024-03-11 | by ( ) www.cnbc.com   time to read: +2 min
One kilogram gold bullion at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Gold prices took a breather from a record-breaking rally on Monday, which was fueled by a cooling U.S. labor market and remarks from the Federal Reserve, with traders awaiting a U.S. inflation report for fresh clues on the timing of rate cuts. Gold set a record peak of $2,194.99 for the fourth straight day on Friday after data signaled a cooling U.S. labor market. COMEX gold speculators raised their net long positions by 63,018 contracts to 131,060 in the week ended March 5, data showed on Friday. A cooler reading on the CPI print could help the case for an early rate cut, supporting gold prices.
Persons: Matt Simpson, Simpson, Powell Organizations: Co, Federal, Index, Traders Locations: Bangkok, Thailand
Trade Tracker: Kevin Simpson trims Broadcom and buys more IBM
  + stars: | 2024-03-08 | 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 EmailTrade Tracker: Kevin Simpson trims Broadcom and buys more IBMKevin Simpson, Capital Wealth Planning founder and CIO, joins CNBC's 'Halftime Report' to discuss his latest moves in Broadcom and IBM.
Persons: Kevin Simpson Organizations: Broadcom, Wealth Planning, IBM
The Browns still have a shot to get more value out of their trade that sent three first-round picks and three lower picks to Houston for Deshaun Watson. Here's a look at some of the worst trades in the NFL over the years:HERSCHEL WALKER TO MINNESOTAPhotos You Should See View All 60 ImagesThe Cowboys launched their dynasty in the 1990s when Jimmy Johnson realized the high value of draft picks and turned Herschel Walker into a huge haul of them. The trades helped Dallas acquire draft picks that led to Emmitt Smith, Darren Woodson, Russell Maryland and Kevin Smith, who contributed to three Super Bowl titles. That led the Falcons to cut ties quickly, trading him after the season to Green Bay for a first-round pick. But the Seahawks were able to turn him into a first-round pick from quarterback-starved Chicago in 1997.
Persons: Russell Wilson, Deshaun Watson, Cleveland, Watson, HERSCHEL WALKER, Jimmy Johnson, Herschel Walker, Johnson, Emmitt Smith, Darren Woodson, Russell Maryland, Kevin Smith, Walker, RUSSELL WILSON, Peyton Manning, Wilson, O.J, Bill Walsh, Simpson, BRETT FAVRE, Brett Favre, Ron Wolf, Mike Holmgren, Favre, Tony Smith, TREY LANCE, Jimmy Garoppolo, Trey Lance, Lance couldn't, Brock Purdy, Sam Darnold, RICKY WILLIAMS, Mike Ditka, Ricky Williams, Williams, LaVar Arrington, CLINTON, CHAMP BAILEY, Champ Bailey, Clinton Portis, Bailey, RICK MIRER, Shawn Springs, Mirer, ___ Organizations: Denver Broncos, Cleveland Browns, Broncos, Seattle, Browns, Houston, NFL, Cowboys, Vikings, Dallas, DENVER The Broncos, Denver, FRANCISCO, 49ers, Buffalo, Niners, Bills, GREEN BAY Atlanta, Falcons, Packers, Super Bowl, North Dakota State, Saints, Washington, Pro Bowl, Fame, Seahawks, Bears Locations: MINNESOTA, Minnesota, Denver, Wilson, Francisco, Green, North Dakota, Washington, Seattle, Chicago
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCapital Wealth's Kevin Simpson breaks down buying opportunities in Apple on weaknessKevin Simpson, Capital Wealth Planning, joins 'Closing Bell' to discuss trimming Apple but looking for opportunities to buy on weakness.
Persons: Kevin Simpson Organizations: Wealth
Gold hovers near one-month peak on slowing U.S. inflation
  + stars: | 2024-03-01 | by ( ) www.cnbc.com   time to read: +2 min
Gold prices hovered near a month high on Friday after data suggested easing U.S. price pressures, while traders awaited remarks from several Federal Reserve officials. Gold prices hovered near a month high on Friday after data suggested easing U.S. price pressures, while traders awaited remarks from several Federal Reserve officials. Gold traders rejoiced the fact that core-PCE slowed annually," City Index senior analyst Matt Simpson said. Money market pricing shows traders are pricing in three quarter-point U.S. rate cuts for 2024. "Whilst negative ETF flows are capping gold prices, China's central bank is a key reason that gold prices remain supported, as they were the second highest purchaser of gold reserves in the fourth quarter," Simpson said.
Persons: Matt Simpson, Simpson Organizations: Federal Reserve, PCE, Index, U.S
Read previewSam Bankman-Fried is maintaining his vegan diet in jail, but it's not going very well. Carmine Simpson, an ex-NYPD officer behind bars with Bankman-Fried, wrote a letter to US District Judge Lewis Kaplan where he pleaded for leniency on Bankman-Fried's behalf. Kaplan is set to sentence Bankman-Fried on March 28, months after the FTX founder was found guilty of seven counts of fraud and conspiracy in November. First photo of Sam Bankman-Fried in jail at MDC Brooklyn. Representatives for Bankman-Fried did not immediately respond to a request for comment from Business Insider sent outside regular business hours.
Persons: , Sam Bankman, it's, Carmine Simpson, Lewis Kaplan, Kaplan, Sam, Simpson, Fried, Marc Mukasey, Joseph Bankman, Barbara Fried, Tiffany Fong, He's, I've, Fong Organizations: Service, ex, Business, MDC Brooklyn, Bankman, Business Insider
Bankman-Fried's lawyers filed a sentencing submission, asking for a prison sentence of no longer than 78 months — or six-and-a-half-years. The US Probation Office, which issues sentencing reports that judges typically rely on, recommended 100 years behind bars — which Bankman-Fried's lawyers called "barbaric." Advertisement"That recommendation is grotesque," Bankman-Fried's lawyers wrote. Sam Bankman-Fried's approach to veganism illustrated both his selflessness and awkwardness, his younger brother, Gabriel Bankman-Fried, wrote in a letter to the judge. In the sentencing submission, Bankman-Fried's lawyers argue that "the most reasonable estimate" for how much his victims lost was "zero."
Persons: , Sam Bankman, Barbara Fried, Joseph Bankman, Gabriel Bankman, neurodiversity, Sam, Bankman, Lewis Kaplan, Fried, Jane Rosenberg, FTX, Michael M Santiago, Carmine Simpson, Simpson, That's, Gabriel, Seth Wenig, Marc Mukasey, Torrey Young, weren't, Barbara Fried —, John J, Ray III, John Ray Organizations: Service, Business, US, Prosecutors, Alameda Research, Office, Stanford Law, MIT, Wall, of Prisons, San, United, AP Locations: Manhattan, FTX, Brooklyn, Bahamas
I've been working as a celebrity stylist for over 10 years, and I've seen my share of bad trends. AdvertisementI've worked as a celebrity stylist for over a decade, so I've seen plenty of trends come and go — many of which will never make their way into my closet. Wedges are heavy, and the style isn't here to stayI'm 5-foot-9, and I love showing off my legs by wearing shoes that give my ankles a run for their money. If you think I'm wrong, trying packing them for a trip. But when I'm wearing colors, I feel bold, beautiful, and ready to face new challenges.
Persons: I've, I'm, , Jessica Simpson, Sandra Okerulu, Crocs weren't, they're, I'd Organizations: Service, Air Force Locations: Tahiti
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