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In today's big story, we're breaking down how to identify a meme stock . Three years after GameStop upended things, meme stocks are back in fashion. But how does one find a meme stock? (Trump Media doesn't technically qualify as a meme stock under Sosnick's criteria due to the amount of low short interest. Maintaining long-term support for a meme stock remains a tough nut to crack.
Persons: , Mark Zuckerberg, Satya Nadella, Jenny Chang, Rodriguez, There's, Steve Sosnick, Business Insider's Matthew Fox, David Becker, Chelsea Jia Feng, Donald Trump's, Trump, Bill Gross, BI's Peter Kafka, there's, it's, Pedro Ribeiro Simões, , Matt Chase, they're, OpenAI's Sam Altman, Sora, Meta, Tyler Le, Jack Canfield's, Jay Marine, Amazon's, Jeff Bezos, Antony Blinken, Emmanuel Macron, Dan DeFrancesco, Hallam Bullock, Grace Lett, Lisa Ryan Organizations: Business, Service, Getty, GameStop, Interactive, Business Insider's, Trump Media, Technology Group, AMC Entertainment, Big Tech, Hollywood, Facebook, NBA, FOX Locations: YOLO, hodlers, Silicon, Paris, Ukraine, Gaza, New York, London, Chicago
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSmall caps are going to outperform if interest rates decline, says Aperture Investors’ Peter KrausPeter Kraus, Aperture Investors CEO and chairman, joins 'Squawk Box' to discuss the latest market trends, the state of the economy, the Fed's interest rate outlook, and more.
Persons: Peter Kraus Peter Kraus Organizations: Aperture
That's a lot of eggs in a few stocks, but you can't handle tracking more than 5 stocks. First, our recommendation is the first $10,000 be invested into a low-cost S & P 500 index fund. Keep in mind: A $1 million portfolio with only $10,000 in an S & P 500 index fund translates to a mere 1% weighting for that fund. That means, in theory, you could boost your S & P 500 index fund allocation to 40%. One final thought: Don't forget to factor cash into your portfolio weighting, which should be based on your near-to-medium-term outlook for the market.
Persons: Jim Cramer, Jim, — Ramon, Let's, Jim Cramer's, Peter Kramer Organizations: Club, Jim Cramer's Charitable, CNBC, Tech, Nasdaq Locations: that's
New York CNN —A federal judge on Thursday ordered Sam Bankman-Fried to repay more than $11 billion as part of his sentence for defrauding customers and investors in his failed crypto exchange FTX. In their sentencing memorandum earlier this month, federal prosecutors laid out their reasoning for seeking $11 billion in forfeiture. Unlike restitution, where the money from seized assets goes directly to victims, the money from forfeiture is taken by the government and absorbed into the US Treasury. It is unclear how much Bankman-Fried is currently worth, but it’s likely not anywhere near $11 billion. So far, the Department of Justice has redistributed about $4 billion to Madoff’s victims.
Persons: Sam Bankman, Fried, SBF, ” Mitchell Epner, , , District Judge Lewis Kaplan, Anthony Capozzolo, Elizabeth Holmes, Holmes, Ramesh “ Sunny ” Balwani, Bernard Madoff, Peter Katz, Katz, they’ll, ” Katz Organizations: New, New York CNN, CNN, Treasury, District, , of, Department of Justice’s, Department of Justice, Department Locations: New York, Eastern, of New York
The Chesapeake 1000 – the largest crane on the East Coast – is needed in the Patapsco River where a 984-foot cargo vessel slammed into the bridge Tuesday. Live updates: The latest on the Baltimore bridge collapseIn addition to the crane, three heavy lift vessels are expected to start arriving Friday, US Transportation Secretary Pete Buttigieg told CNN. This appraisal is critical in determining how small to cut the bridge pieces so cranes can lift them, he said. In addition to the human toll, the destruction of the Key Bridge and closure of the Port of Baltimore could lead to widespread economic fallout. In this NTSB handout, an investigator examines the collapsed Francis Scott Key Bridge from the cargo vessel Dali on March 27 in Baltimore.
Persons: Francis Scott Key, Pete Buttigieg, Wes Moore, Julia Nikhinson, ” Moore, Shannon Gilreath, Moore, Maryland Sen, Chris Van Hollen, Buttigieg, , Jennifer Homendy, Homendy, Marcel Muise, Dali, Peter Knudson, CNN’s Justin Lear, Andy Rose, Sarah Dewberry, Chris Isidore, David Goldman, Greg Wallace, Elise Hammond, Tori B, Powell, Sania Farooqui, Chris Boyette Organizations: CNN, Maryland Gov, Authorities, US Coast Guard, National Transportation Safety, Army Corps, Maryland Department of Labor, National Transportation, NTSB, India’s Ministry, External Affairs Locations: Patapsco, Baltimore, Maryland, Port, Port of Baltimore, America, New York, New Jersey, Vedika Sud
Read previewLots of consumers like streaming music. Lots of musicians complain about streaming — they say it doesn't generate nearly as much revenue for them as they deserve and need. So here's a proposal to help fix that: a tax that would increase American consumers' music streaming bills by 50% — meaning you'd pay an extra $4 to $10 a month for services like Spotify or Apple Music. I don't believe there was ever a time that Americans supported a 50% tax hike on anything, for any reason. But when we got on the phone to discuss the bill this month, he said it's supposed to be taken literally and seriously.
Persons: , Rashida Tlaib, Jamaal Bowman, Tlaib, Damon Krukowski, I'm, it's, Krukowski, you've, Taylor Organizations: Service, Apple, Business, Wage, Act, Rep, United Musicians, Allied Workers, Spotify Locations: Michigan, New York
Now YouTube could be worth as much as $400 billion, per analyst Michael Nathanson. You're still not getting close to the $375 billion to $400 billion value Nathanson is talking about. AdvertisementOr, alternately: You could combine Comcast ($172 billion) and Disney ($224 billion, after a big ramp-up this year — Nelson Peltz, your services are no longer needed) and end up with a $396 billion company. (You would also get to watch a funny wrestling match between Disney CEO Bob Iger and Comcast CEO Brian Roberts who have a long-standing enmity.) So if you're talking about video, and the internet, and advertising and audience and value and you're not talking about YouTube?
Persons: Michael Nathanson, , ANDREW CABALLERO, REYNOLDS, let's, you'll, Lucia Moses, Nathanson, — Nelson Peltz, Bob Iger, Brian Roberts Organizations: Google, YouTube, Service, Big Tech, Meta, Twitter, Netflix, Paramount, Warner Bros Discovery, Fox, Comcast, Disney
Don't tell Gen Z the ChatGPT hype bubble is over
  + stars: | 2024-03-27 | by ( Peter Kafka | ) www.businessinsider.com   time to read: +1 min
43% of 18-29 year-olds in the US have used ChatGPT, up from 33% last July. Nearly a third of young people have used ChatGPT for work tasks, up from 12% last summer. When everyone was super excited and/or freaked out about ChatGPT and AI? Or, more precisely: Lots of normal people are still a bit interested in AI and ChatGPT. That's the conclusion you can draw from a new Pew survey, which reports that overall ChatGPT use has continued to increase — but that it's really increased among Gen Z.
Persons: , They're, Gen Z Organizations: Service, Pew, Gen
Trump Media & Technology Group Corp — Donald Trump's social media company — is a flashing red light of a stock. In other words: It seems like a perfect candidate for short sellers — investors who bet that a company's stock price is overvalued and will fall. But not that much, for now: More than 3 million shares of Trump Media have been shorted, says short-tracker S3 Partners. Related storiesS3's managing director, Ihor Dusaniwsky, offers one explanation: It's particularly hard to short Trump's company for technical reasons. There is extraordinarily little stock borrow available in [Trump Media] to support new short sales and stock borrow rates are extremely high.
Persons: Donald Trump's, Ihor, Trump's, I'd Organizations: Service, Trump Media & Technology Group Corp, Nasdaq, Business, Trump Media, SPACs, GameStop Locations: U.S
Comcast's Peacock, which streamed an NFL playoff game in January, has another game scheduled for this fall. AdvertisementRemember when Peacock hosted an NFL playoff game in January, which meant that everyone who wanted to watch Travis Kelce play football — and/or watch Taylor Swift watch him play football — had to subscribe to Comcast's streaming service? Well, get ready for round 2: Peacock will have another exclusive NFL game in September, featuring the Philadelphia Eagles and a team to be named later. This one won't be a playoff game, so it won't have anything like the national interest — and the complaints from angry NFL fans — the last Peacock game generated. And subscription tracking service Antenna estimated that nearly 3 million people signed up for Peacock to watch the game.
Persons: Comcast's Peacock, Peacock, , Travis Kelce, Taylor Swift Organizations: NFL, Service, Philadelphia Eagles Locations: Sao Paulo, Brazil
Reddit, which loses money, is currently worth about $8.15 billion. The New York Times, which makes money, is worth about $7.2 billion. That's because investors love Reddit's business model, which depends on free content from its users. That would be Reddit, the message board that went public last week and has a market cap of $8.15 billion. It's going to take some time for the market to reach a consensus about what Reddit is really worth.
Persons: , Reddit, — it's Organizations: New York Times, Service, Times, Media
Trump personally owes over $454 million stemming from the ruling made by Judge Arthur Engoron back in February. Here’s what happens if Trump can’t secure the bond:Seizing bank accounts and cashIn theory, officials can begin the complicated legal process of taking his assets, barring any other strategic legal maneuvering from state prosecutors and countering from Trump’s legal team. “They walk in and give it to the manager,” said Adam Pollock, a former assistant New York State Attorney General who now specializes in judgment enforcement at Pollock Cohen LLP. “The attorney general’s office is the largest firm in New York State, if you think about it as a law firm. That is really the end of the day, I think, for the Trump organization in New York,” Litman said.
Persons: Donald Trump’s, Trump, Judge Arthur Engoron, Eric, Donald Jr, Letitia James, they’ll, , Peter Katz, Marshall, Adam Pollock, Pollock Cohen, , “ They’re, Alden B, Smith, Pollock, Pollack, ” Pollock, ” Smith, Tish James, Harry Litman, “ That’s, James “, ” Trump, Chris Kise, ” Kise, Jean Carroll, Litman, ” Litman Organizations: CNN, New York Attorney, Trump Organization, Eastern, of, New, New York City Sheriff, New York, Springs ., New York State, , Trump Locations: York, New York City, New York, Westchester County, Briarcliff Manor, Springs, Lago, Florida, Mar
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSouth Korean 'Value-Up' tax reform to hinge on upcoming election: SK SecuritiesPeter Kim from SK Securities says April's legislative election is crucial to the Korean government's efforts to boost value in the stock market, but the policy should continue regardless of the result.
Persons: SK Securities Peter Kim Organizations: SK Securities
AdvertisementIt's easy to write gloomy stories about the state of the media business. The media business is often pretty gloomy! This one is about a very Old World Media Company that has struck gold in digital media — one of the very few times that has ever happened. (While we're in disclosure mode, I should note that Business Insider itself is a digital media company acquired by German media conglomerate Axel Springer in 2015. AdvertisementMaybe a worthwhile playbook the next time — and there will be a next time — a big media company opens its wallet for a digital upstart again.
Persons: Condé Nast, , Reddit, Time Warner, Axel Springer Organizations: Advance, Service, World Media Company, Vogue, Yorker, Big Media, News Corp, MySpace, Penguin, YouTube, Maker Studios, Disney, Fox, Time, Comcast, NBC, Vox Media Locations: Reddit
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In today's big story, we're looking at how two of the most powerful Wall Street firms are doing two years after relocating to Miami . Nearly two years ago the billionaire uprooted his hedge fund, Citadel, and market maker, Citadel Securities, from their Chicago headquarters to Miami. Employees at Citadel and Citadel Securities spoke to Business Insider's Emmalyse Brownstein about life in the new HQ . Shares tumbled 55% after The Wall Street Journal reported that Fisker had hired restructuring advisors to assist with a possible bankruptcy filing.
Persons: , we're, sarayut Thaneerat, Tyler Le, Ken Griffin, Samantha Lee, San Francisco, Griffin, Anita Kot, Dogecoin, Elon Musk, Ned Davis, Fisker, Patrick Pleul, Andrew Cabellero Reynolds, Jenny Chang, Rodriguez, Sam Altman, Muhammad Ali, Steven Mnuchin, BI's Peter Kafka, Ezra Bailey, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Service, Business, Wall, Citadel, Citadel Securities, Sunshine State, Miami, New York, Ned Davis Research, Street Journal, Elon, OpenAI, Google, KKR, Benz Locations: Miami, Florida, Chicago, New York, London, York, Plenty, San, Austin, He's, Blackstone
At one point, Elon Musk might have seemed like a great candidate to buy TikTok. Turns out my boss Henry Blodget is suggesting we all band together to rustle up the money to buy TikTok. You might recall Elon Musk from 2022. And that Elon Musk would be a great candidate to buy the US operations of TikTok. The sales pitch would be simple: Elon Musk.
Persons: Elon, , Steven Mnuchin, doesn't, Bobby Kotick, Sam Altman, Henry Blodget, Henry, didn't, Joe Biden, ByteDance, that's, Steve Mnuchin, — Elon, Elon Musk, Guy Who, Esther Crawford, Musk, he's Organizations: Service, Activision, Street, Yahoo, Twitter, Elon Locations: TikTok, ByteDance
Where to watch 9-1-1 live in the US"9-1-1" Season 7 airs on ABC in the US on Thursday nights at 8 p.m. If you don't have cable but want to watch an ABC live stream, then you can try a live TV package like Sling TV or Hulu + Live TV. Sling TV Subscription Sling is one of the most affordable live TV streaming services around. Hulu + Live TV Hulu + Live TV includes over 90 channels, along with Hulu's on-demand library and access to Disney Plus and ESPN+. Shop at HuluWhere to watch 9-1-1 live in Canada"9-1-1" Season 7 is available to live stream on Global TV in Canada on Thursday nights at 8 p.m.
Persons: We've, Bobby Nash, Peter Krause, Athena Grant, Angela Bassett, Hulu's, ExpressVPN Organizations: Business, FOX, ABC, WGA, SAG, Hulu, Sling, New, Disney, ESPN, Disney Plus, TV, Hulu . Locations: New York City, Chicago, Los Angeles, Hulu, Canada
Read previewLike a lot of people, Nick O'Neill got the crypto bug during the pandemic. But then he stumbled into a bit of viral fame: A joke post he made boasting about his crypto prowess took off, fueled in part by people who didn't realize he was joking. "Choose rich" is O'Neill's catchphrase, which is mostly a joke, but also very similar to things people used to say on crypto Twitter, for real. AdvertisementPeter Kafka: You make this thing that is a little sincere but is mostly a joke, and it triggers people who don't think it's a joke. Peter Kafka: I couldn't tell if you were satirizing crypto, or crypto culture, or Twitter/X culture.
Persons: , Nick O'Neill, he's, O'Neill, Crypto, There's, Peter Kafka, That's, It's, bro, Solana, NFTs, Dan Bilzerians, there's, you've, X Nick O'Neill, Dave Portnoy's Organizations: Service, Business, pic.twitter.com, Twitter, MySpace, Washington Locations: Miami, Solana
Former CNN anchor Don Lemon says Elon Musk has canceled his Twitter talk show before its scheduled debut. Lemon says Musk, who courted him to come to Twitter, didn't like the interview Lemon had just conducted with Musk. If you're surprised by this kind of behavior from Musk, you're not paying attention. AdvertisementElon Musk courted former CNN anchor Don Lemon to start a talk show on Twitter. Now it's not going to happen at all, Lemon says: He says Elon Musk canceled the show — before it ever aired — shortly after Lemon interviewed him last Friday.
Persons: Don Lemon, Elon Musk, Lemon, , it's Organizations: CNN, Twitter, Service
In collecting this data, the firm saw a deterioration in the Dollar General brand last year. As of Monday's close, Dollar General's stock is up more than 57% from a 52-week low of $101.09 reached in mid-October. Their research found that consumers felt the cleanliness of Dollar General's stores, a top five driver of satisfaction, lagged key peers Dollar Tree and Family Dollar, and fell 2% further in February. Until November, shoppers rated Family Dollar and Dollar General's product offerings more or less on a par with each other. In addition to Dollar General's own challenges, all dollar stores are likely being hurt by weaker spending among low income consumers.
Persons: Vasos, what's, Todd Vasos, Jeff Owen, Gordon Haskett, Chuck Grom, Grom, bode, Piper Sandler, Peter Keith, Keith, Morgan Stanley, Simeon Gutman, Gutman, Michael Lasser, Lasser, Matthew Boss, — CNBC's Michael Bloom Organizations: Dollar, DG, Occupational Safety, Health Administration, SNAP, UBS, JPMorgan
On Feb. 9, Peter Kaestner stood in the shadow of majestic Tinuy-an Falls on the Philippine island of Mindanao, on the cusp of a record he’d spent seven decades chasing and worried that he’d arrived too late. For years, nobody alive had seen and identified more bird species than Mr. Kaestner. An obsessive birder since childhood, Mr. Kaestner woke up that morning in February with 9,997 birds on his personal “life list” — more than 90 percent of Earth’s scientifically recognized species and three away from a singular milestone. A few weeks earlier, in an essay for the American Birding Association, he had outlined his plans to become the first person to document 10,000 sightings; shortly after, new information forced him to expedite his plans. “I realized when I was writing it that I was putting a target on my back,” Mr. Kaestner said from his home in Cockeysville, Md.
Persons: Peter Kaestner, he’d, Kaestner, lister, , , ” Mr Organizations: American Birding Association Locations: Philippine, Mindanao, American, Cockeysville, Md
AdvertisementTheir last big hope: That if the awards featured big movies people have seen or at least heard of, audiences might return. That was supposed to happen this year, when monster hits "Barbie" and "Oppenheimer" were both up for multiple awards, including Best Picture. And the producers for ABC's broadcast smartly leaned into it, by doing things like bringing in "Barbie" nominee Ryan Gosling to sing and dance, to general acclaim. On the other hand: That means this year's telecast still drew considerably less than the 23.6 million viewers who watched the 2020 show, which didn't have anything like "Barbie" or "Oppenheimer," box-office-wise. Back then, a couple of the Best Picture nominees were ones regular folks may have seen in theaters, including "Ford V. Ferrari" and "Joker."
Persons: Oppenheimer, Barbie, Ryan Gosling, Ford, Ferrari, Oscar, hasn't, COVID, we're Organizations: Hollywood, ABC
The TikTok ban chaos — explained in 60 seconds
  + stars: | 2024-03-11 | by ( Peter Kafka | ) www.businessinsider.com   time to read: +1 min
A bill that could ban TikTok in the US is moving quickly through Congress. AdvertisementA new bill working its way through Congress could ban TikTok in the US. Donald Trump, who used to want to ban TikTok in the US, now says he'd like it to be here. And some people who support the ban bill insist it isn't a ban bill. Why do people want to ban TikTok in the US?
Persons: , Donald Trump, Let's, TikTok, hoover Organizations: Service, Business
3 theories to explain Trump's TikTok flip-flop
  + stars: | 2024-03-08 | by ( Peter Kafka | ) www.businessinsider.com   time to read: +6 min
For instance: In 2020, when he was president, Trump said he wanted to ban TikTok from the US. While we are here, let's be even-handed, and note that Trump is not the only politician who has inconsistent and contradictory approaches to TikTok. So that's a lot of TikTok Ban news to consume over a short period. But I'm still sticking with the argument I made Thursday:It's easy to vote for a TikTok ban if you don't really think it's going to result in a TikTok ban. But it's a lot harder to actually ban TikTok for real — particularly during a very close presidential campaign, where the risk of blowback from angry users is a real thing.
Persons: , Donald Trump, Trump, Jeff Yass, — we're, Republican Sen, Rand Paul, Paul, Biden, — Rand Paul, I'm, , TikTok, let's, Joe Biden, ByteDance Organizations: Service, Facebook, Business, Club, Growth, Trump, Republican, Texas, Project Texas, GOP, Street Locations: Yass, Project, China
3 SHADES OF BLUE: Miles Davis, John Coltrane, Bill Evans, and the Lost Empire of Cool, by James KaplanMiles Davis was one of the biggest stars in jazz as well as one of the most innovative and influential musicians. John Coltrane was both a saxophone virtuoso and a fearless explorer whose lifelong musical and spiritual quest attracted a passionate following — and later, as that quest went beyond the boundaries of jazz as many people understood the word, heated criticism. Bill Evans redefined the concept of the piano trio and rewrote the rules of jazz harmony. Well, we may not need it, but we have it. And if “3 Shades of Blue: Miles Davis, John Coltrane, Bill Evans, and the Lost Empire of Cool” is neither an essential addition to the jazz literature nor quite the sweeping statement its subtitle promises, it’s certainly a compelling read.
Persons: Miles Davis, John Coltrane, Bill Evans, James Kaplan Miles Davis, Davis, Coltrane, Evans, Ashley Kahn’s, Eric Nisenson’s “, Richard Williams’s “, Miles Davis’s, it’s, James Kaplan, Organizations: Modern Music
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