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On Thursday's "Ask Halftime," traders answered questions from CNBC Pro subscribers about which stocks and commodities to buy, hold or sell right now. Jenny Harrington of Gilman Hill Asset Management discussed why Devon Energy 's stock is better to hold on to for the long term rather than trading it on a seasonal basis. Odyssey Capital Advisors' Jason Snipe reviewed the negative effect the Blue Cross Blue Shield deal with Amazon pharmacy could have on CVS ' shares. Finally, Shannon Saccocia of Neuberger Berman Private Wealth said there are many potential tailwinds for gold in the near future.
Persons: Jenny Harrington, Jason Snipe, Shannon Saccocia, Neuberger Berman, Wealth Organizations: CNBC Pro, Management, Devon Energy, Odyssey Capital, Amazon, CVS Locations: Devon
Thomas Simonetti/The Washington Post/Getty ImagesA view of the flooding in Cedar Key, Florida, on August 30, 2023. Julio Cesar Chavez/ReutersPhotos on the Cedar Key Fire Rescue Facebook account showing some of the early destruction. And unlike Key West, Cedar Key has avoided high-end commercial development along its shores and remains a low-key spot. What Idalia did to Cedar KeyA vehicle was partially submerged after the arrival of Hurricane Idalia in Cedar Key on Wednesday. “Everything is flooded,” Shely Boivin, the manager of a beachfront motel in Cedar Key, told CNN.
Persons: CNN —, , Idalia, ” Michael Bobbitt, CNN’s John Berman, Thomas Simonetti, Julio Cesar Chavez, Bobbitt, , John Muir, ” Muir, Leslie Sturmer, Julio, Cesar Chavez, Reuters Levy, Mayor Heath Davis, “ We’re, ” Bobbitt, ” Heather Greenwood, CNN’s Carlos Suarez, Sean Rayford, Cheney Orr, Reuters Jewell Baggett, Cristobal Herrera, Ulashkevich, EFE, Jack Lemburg, Richard Burkhart, Douglas R, Clifford, Zuma Press Donnye Franklin, Joe Raedle, Rebecca Blackwell, Ron DeSantis, Savannah Alderman Nick Palumbo, Ken Kruse, Hurricane Idalia, Eva Marie Uzcategui, Christian Monterrosa, Stephen M, Dowell, Reagan Ortagus, Tyler, Bob Self, NOAA Ana Iris Aguiar, Alexandre Meneghini, Marco Bello, Adrees Latif, Samson, Victor Cassano's, Chris O'Meara, Yamil Lage, Sharon Walsh, Doug Engle, Christine Willis, Andrew West, Shely Boivin, ” Boivin, , John MacDonald Organizations: CNN, Rescue, Washington Post, Key, USA’s, University of Florida Institute of Food, Agricultural Sciences, WUFT, Reuters, Mayor, Tampa Bay Times, ZUMA Press, Press, Angels Episcopal Church, Savannah Morning, USA, Network Rescue, Zuma Press, AP Florida Gov, Savannah, Bloomberg, Getty, Duke, Orlando Sentinel, Florida Times, Union, AP, Reuters Pike Electric, Idalia, Southwest Airlines, Tampa International Airport, Reuters Home Depot, Reuters Fort Myers, Emergency Locations: Key , Florida, Gulf of Mexico, Cedar, Mexico, Dock, Horseshoe Beach , Florida, Bend, Tampa, Perry , Florida, Keaton Beach , Florida, Horseshoe Beach, Madison , Florida, Steinhatchee , Florida, Samarra, St, Savannah , Georgia, Savannah, Steinhatchee, Crystal River , Florida, Perry, Crystal, Tarpon Springs , Florida, Mayo , Florida, Tarpon Springs, Myers, Hurricane, Gainesville , Florida, Sumterville , Florida, Johns County , Florida, Florida, NOAA, La Coloma, Cuba, Clearwater , Florida, Playa Majana, Suwannee , Florida, Batabanó, AFP, Guanimar, Ocala , Florida, USA, Reuters Fort Myers Beach, Levy
Mitch McConnell suddenly became disoriented while answering questions on Wednesday. The incident occurred just over a month after he abruptly stopped speaking at a press conference. "Leader McConnell felt momentarily lightheaded and paused during his press conference today," a McConnell spokesperson told CNN. AdvertisementAdvertisementLast month, McConnell abruptly and awkwardly stopped speaking during a press conference at the Capitol before being whisked away. He later told reporters that he was "fine" and an aide of his told Insider that the senator only stepped away because he "felt lightheaded."
Persons: Mitch McConnell, McConnell, Brent Griffiths Organizations: Service, Washington DC, McConnell, CNN, prudential, Capitol Locations: Wall, Silicon, Washington, Kentucky
Turkey's Central Bank headquarters is seen in Ankara, Turkey in this January 24, 2014 file photo. Yet five foreign investors told Reuters that this week's rate hike signalled a new independence among policymakers who are serious about addressing unrelenting pressure on the currency and reining in inflation expectations. "It feels like they are correcting the mistakes they made with their first rate hike decisions," said Viktor Szabo, portfolio manager at abrdn in London. Erdogan, who has fired four central bank chiefs in four years, has said little about the rate hikes. Reuters GraphicsTurkish stock, Eurobond and CDS markets are more attractive targets this year and next, especially after the rate hike, investors and officials say.
Persons: Umit, Erdogan's unorthodoxy, Mehmet Simsek, Goldman Sachs, Tayyip Erdogan's, Viktor Szabo, Ola El, Van Eck, ERDOGAN, Erdogan, Simsek, Hafize Gaye Erkan, Cevdet Yilmaz, Blaise Antin, TCW, Kaan, Neuberger Berman, Jonathan Spicer, Marc Jones, Jorgelina, Hugh Lawson Organizations: Turkey's Central Bank, Finance, Goldman, Reuters, abrdn, Emerging Markets, Wall Street, JPMorgan, Reuters Graphics, CDS, Yeni, United Nations, International Monetary Fund, Thomson Locations: Ankara, Turkey, ANKARA, LONDON, New York, London, Van, Los Angeles, Reuters Graphics Turkish, Yeni Safak, Morocco, Japan, Singapore, Hong Kong, Istanbul, Rosario
A pedestrian carrying an umbrella walks along the River Thames in view of City of London skyline in London, Britain, July 31, 2023. REUTERS/Hollie Adams/File Photo Acquire Licensing RightsSYDNEY, Aug 25 (Reuters) - Australia's second-largest pension fund plans to open its first overseas office by mid-2024, its chief investment officer said on Friday, the latest retirement manager to look overseas as the country's pension sector outgrows the home market. The team will "almost certainly" be based in London and only be small because ART relies mostly on external managers, Patrick said, adding the office would likely open between now and mid-2024. A decision on a second overseas office would be made 12 to 24 months after the first opens. ART invests roughly two-thirds of all new money funds overseas.
Persons: Hollie Adams, Ian Patrick, Patrick, HarbourVest, Neuberger Berman, Lewis Jackson, Praveen Menon, Jacqueline Wong Organizations: REUTERS, Rights, Reuters, Stepstone, AustralianSuper, Nikkei, Thomson Locations: City, London, Britain, New York, China
Some investors and economic analysts are sceptical that expansion will lead to increased foreign direct investment (FDI) within the bloc. Still, BRICS leaders and other investors touted the increased economic heft from the expansion. Increasing use of national currencies to reduce U.S. dollar dependence was another goal BRICS leaders discussed at the summit in Johannesburg. And with oil producer heavyweights among the newcomers, investors said this would feed speculation that Saudi Arabia might increasingly switch to non-dollar-denominated currencies for oil trade. "The short-term consequences could be seen in oil," said Kaan Nazli, a portfolio manager at asset manager Neuberger Berman in London.
Persons: Brazil Luiz Inacio Lula da Silva, China Xi, Cyril Ramaphosa, India Narendra Modi, Sergei Lavrov, Viktor Szabo, Li Kexin, Ola El, Chris Turner, Jakob Ekholdt Christensen, Hasnain Malik, abrdn's Szabo, Kaan Nazli, Neuberger Berman, Rachel Savage, Karin Strohecker, Bansari Mayur, Marc Jones, Jorgelina, Emelia Sithole Organizations: Russia's, Iran, United Arab Emirates, abrdn, Emerging Markets, ING, Reuters Graphics, China, International Monetary Fund, Thomson Locations: China, India, Sandton, Saudi Arabia, UAE, Iran, JOHANNESBURG, LONDON, Argentina, Brazil, Russia, South Africa, Ethiopia, Egypt, Johannesburg, United States, Saudi, London, Van Eck, New York, Copenhagen, Dubai, Bangalore, Rosario
Iowa is famous for the butter cows at its state fair. The butter cows aren't made entirely of butter? "The Butter Cow starts with a wood, metal, wire, and steel mesh frame and about 600 lbs. of low moisture, pure cream Iowa butter," per the Iowa State Fair's official website. "Once inside the 40-degree cooler, layers of butter are applied until a life-size butter cow emerges - measuring about 5-1/2-ft high and 8-ft long."
Persons: aren't, Brent, I'm Organizations: Iowa, Service, Fair, Iowa State Fair's Locations: Wall, Silicon, Iowa, Nebraska, Midwest
Ted Cruz saw a photo someone jokingly shared of a shark swimming on a flooded highway in LA. "Holy crap," the Texas senator tweeted about the fake photo. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. And Monday morning, he quote-tweeted an obviously fake photo of a shark swimming on a flooded highway that a Twitter user said was in Los Angeles, which is being hit by its first tropical storm in over 80 years. "Holy crap," Cruz wrote about the photo, which was jokingly shared by Dan Katz of the newly-independent sports media company Barstool Sports.
Persons: Ted Cruz, Cruz, Dan Katz, he'd, I'm, Hurricane Irene, , Cruz didn't Organizations: Service, Barstool Sports, Hurricane, Puerto Rico, TCU Locations: LA, Texas, Wall, Silicon, Ted Cruz of Texas, Cancun, Los Angeles, Puerto
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Neuberger Berman's Sandy PomeroySandy Pomeroy, senior portfolio manager at Neuberger Berman, joins 'Squawk on the Street' to discuss why investors should be in a dividend stock, whether there needs to be a reversal in rates for dividend stocks to work, and more.
Persons: Neuberger, Sandy Pomeroy Sandy Pomeroy, Neuberger Berman
However, they may be missing out if they are bypassing dividend stocks altogether, according to Neuberger Berman senior portfolio manager Sandy Pomeroy, who manages the Neuberger Berman Equity Income Fund (NBHAX) . Right now, dividend stocks haven't been this cheap since the tech boom of the 1990s, Pomeroy said. Dividend stocks have underperformed this year: The SPDR S & P Dividend ETF (SPYD) has a total return of -5% in 2023, per FactSet. In comparison, the SPDR S & P 500 ETF (SPY) has a total return of nearly 15%. Deere, which has a 1.3% dividend yield, reported an earnings and revenue beat before the bell Friday.
Persons: Neuberger Berman, Sandy Pomeroy, Pomeroy, NBHAX, Eaton Organizations: Neuberger, Neuberger Berman Equity Income, Treasury, Neuberger Berman Equity, Caterpillar, Deere, PNC Locations: industrials
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDividend stocks may see reversal since they're as cheap as the 1990s: Neuberger Berman's PomeroySandy Pomeroy, senior portfolio manager at Neuberger Berman, joins 'Squawk on the Street' to discuss why investors should be in a dividend stock, whether there needs to be a reversal in rates for dividend stocks to work, and more.
Persons: Neuberger Berman's Pomeroy Sandy Pomeroy, Neuberger Berman
UPS workers could get $170,000 in combined pay and benefits in 5 years' time thanks to their new union deal. Some tech workers seem mad about this. But members of Congress make $174,000 annually, and are only required to work about 155 days a year. As Insider reported last week, tech workers, or people claiming to be them, took to anonymous message boards like Blind to complain about the deal. Tech workers looking for easier jobs that pay well should simply run for office instead of complaining anonymously on message boards.
Persons: aren't, they're Organizations: Service, Teamsters, UPS, ABC, Tech Locations: Wall, Silicon, Ballotpedia, Congress
Ron DeSantis refused to say how he would respond if one of his children is gay. DeSantis has fought to pass restrictions in Florida on how gender identity and other topics can be taught. But when asked by Time Magazine how he would respond if one of his three kids turned out to be gay or trans, he didn't have much to say. DeSantis' presidential campaign has been struggling, to put it mildly. As of today, according to FiveThirtyEight, DeSantis trails Trump by nearly 40 percentage points in major national polls.
Persons: Ron DeSantis, DeSantis, Molly Ball, he's, Time's Molly Ball, He's, Donald Trump, Chris Christie Organizations: Service, Disney, Time Magazine Locations: Florida, Wall, Silicon, New Hampshire, FiveThirtyEight, Trump
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt will take at least 2 years for AI to be a meaningful part of Hon Hai's business: Neuberger BermanSebastian Hou of Neuberger Berman discusses Hon Hai's expansion plans in both geography and vertical units.
Persons: Hai's, Neuberger Berman Sebastian Hou, Neuberger Berman
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBack-to-school shopping started off better than people expected, says Coresight's Deborah WeinswigJohn San Marco, Neuberger Berman Portfolio Manager and Deborah Weinswig, Coresight Research CEO, joins 'Closing Bell Overtime' to talk Cava earnings, more retail earnings to come this week, the state of the consumer and more.
Persons: Deborah Weinswig John San Marco, Neuberger Berman, Deborah Weinswig Organizations: Coresight
People yelling "pudding fingers!" But even with all of his campaign's recent high-profile mishaps, the pudding rumor remains fresh in the mind of DeSantis' critics. "Pudding fingers!" DeSantis said in an interview at the time that he doesn't remember eating pudding with his fingers, but he welcomes it as an insult. DeSantis' campaign didn't immediately respond to our request for comment about Friday's heckling.
Persons: Ron DeSantis, Jake Lahut, DeSantis, He's, Donald Trump, Vivek Ramaswamy nipping, Piers Morgan, didn't Organizations: Service, Twitter, GOP, Politico, Daily Locations: Wall, Silicon, Florida, Nazi, Menlo , Iowa
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're going to have a significant economic slowdown in the next 12 months, says Holly Newman KroftHolly Newman Kroft, Neuberger Berman Private Wealth managing director and senior wealth advisor, joins 'Squawk on the Street' to discuss the market's performance this year, the Federal Reserve's next moves, and more.
Persons: Holly Newman, Holly Newman Kroft, Neuberger Berman Organizations: Neuberger Berman Private Wealth, Federal
Groups connected to the meat industry have said for years that plant-based meats aren't healthy. But it also counters one of the most common criticisms of plant-based meats from the animal meat industry – that these products are highly processed and unhealthy to eat. The Center has ties to the meat industry, according to Fast Company. In its own ads and messaging, the Center said that plant-based meat was "ultra-processed" and that the products posed health risks. The ad comes as Beyond Meat, Impossible, and other plant-based meat makers deal with a slump in sales.
Persons: Steven, Rick Berman, John Mackey Organizations: Service, Fast Company, Center for Consumer, Center, Foods, American Heart Association Locations: North Dakota, Wall, Silicon
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmazon stock climbs 8.3% after biggest profit beat since 2020. How the pros are playing itBrad Erickson of RBC Capital Markets, John Blackledge of Cowen, Steve Weiss of Short Hills Capital, Brenda Vingiello of Sand Hill Global Advisors, Jim Lebenthal of Cerity Partners and Shannon Saccocia Neuberger Berman Private Wealth discussed Amazon after the company reported much higher than expected quarterly results and its largest profit beat since the fourth quarter of 2020.
Persons: Brad Erickson, John Blackledge, Cowen, Steve Weiss, Brenda Vingiello, Jim Lebenthal, Shannon Saccocia Neuberger Berman Organizations: RBC Capital Markets, Short Hills Capital, Global Advisors, Cerity Partners, Wealth Locations: Sand
MILAN, Aug 3 (Reuters) - NB Renaissance has invested in Milan-based mobile app developer Bending Spoons to help the company expand in a fast-growing market, including through merger and acquisition deals, the private equity firm said on Thursday. Bending Spoons is one of the world's top app providers with 500 million downloads and 100 million active users a month. "In securing the deal, NB Renaissance leveraged its strong relationship with Bending Spoons' founding team," it said, adding they had first worked together in 2019 on a potential U.S. acquisition deal. NB Renaissance did not disclose the size of the investment, saying only it had taken a minority stake, with NBR's senior partner Stefano Bontempelli appointed as member of the board. NB Renaissance is part of Neuberger Berman, a private, independent and employee-owned investment manager with $443 billion of assets under management.
Persons: NBR's, Stefano Bontempelli, Cherry, Neuberger Berman, Valentina Za, Kirsten Donovan Organizations: MILAN, Cherry, Cherry Bay Capital Group, Banco, Engineering, Thomson Locations: Milan, Cherry Bay, Inetum
Cody Berman is no stranger to side hustles. Today, Berman makes his money selling digital products like an online course and printables people buy on Etsy and print on their own. He's also in real estate, renting out long-term properties and short-term housing in New England. Given his years of dabbling, Berman's gleaned some insights about side hustles. Here's how to find the most lucrative hustle for you.
Persons: Cody Berman, Berman, He's Organizations: University of Massachusetts Locations: Amherst, New England
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailiPhone growth will be muted this quarter but is still critical for Apple's revenue, says Daniel FlaxDaniel Flax, Senior Research Analyst at Neuberger Berman, discusses his expectations for Apple's earnings report.
Persons: Daniel Flax Daniel Flax, Neuberger Berman Organizations: Neuberger
Washington CNN —A federal judge in Florida on Friday dismissed a $475 million defamation lawsuit former President Donald Trump brought against CNN that accused the network of defaming him by using the phrase “the big lie” and allegedly comparing him to Adolf Hitler. District Judge Raag Singhal, a 2019 appointee of Trump’s, said that use of the phrase or similar statements are opinion that don’t meet the standard for defamation. “Being “Hitler-like” is not a verifiable statement of fact that would support a defamation claim,” Singhal added. “Like Trump and CNN personalities … the Court finds Nazi references in the political discourse (made by whichever ‘side’) to be odious and repugnant,” Singhal wrote. CNN will be held responsible for their wrongful mistreatment of President Trump and his supporters.”CNN declined to comment on the decision.
Persons: Donald Trump, Adolf Hitler, Raag Singhal, Trump’s, don’t, Trump, ” Singhal, “ Hitler, Joe Biden, , Hitler, ” Trump, Steven Cheung, , President Trump Organizations: Washington CNN, CNN, Trump, The New York Times, Washington Post, , Court, ” CNN Locations: Florida, dissuasion
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEarnings continue to deliver, says Neuberger Berman's Shannon SaccociaBryn Talkington, Shannon Saccocia, Jim Lebenthal, and Bill Baruch join 'Halftime Report' to discuss the risk of a no-landing scenario, chip stock earnings, and fears of a pullback in the market.
Persons: Neuberger Berman's Shannon, Bryn Talkington, Shannon Saccocia, Jim Lebenthal, Bill Baruch
CNN —Congress should stay out of the Supreme Court’s business and stop trying to impose ethics rules on justices and clerks, Justice Samuel Alito said in an interview published by The Wall Street Journal editorial page Friday. “Congress did not create the Supreme Court,” Alito said. No provision in the Constitution gives them the authority to regulate the Supreme Court – period.”Spurred by a string of stories calling out questionable ethical decisions and a lack of transparency and disclosure, Senate Democrats have advanced legislation meant to create a code of ethics for the Supreme Court. In an unusual move, Alito last month sought to preempt a ProPublica report on him by publishing a Wall Street Journal op-ed rather than responding to ProPublica’s request for comment directly. “If we’re viewed as illegitimate, then disregard of our decisions becomes more acceptable and more popular,” Alito said.
Persons: Samuel Alito, , ” Alito, David B, Rivkin Jr, Alito, George W, Bush, he’s, that’s, , I’ve, Roe, Wade, Brown Organizations: CNN, Wall, Democrats, Supreme, of Education
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