CNBC’s Jim Cramer on Wednesday tried to quell investors’ recession fears. He pointed to several sectors that are seeing gains and said that the economy needs to slow for the Federal Reserve to make eagerly awaited interest rate cuts.”If you have a market that’s been driven by a handful of stocks and then suddenly it’s being driven by health care, consumer packaged goods and financials, utilities, are we to presume that’s somehow a bad thing? If everything were to go down, sure, real bad, but not this time,” he said. “We have a ton of stocks that’re rallying here, a ton,…
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Workers are processing chips at a workshop of an optoelectronic technology company in Huai’an, China, on May 11, 2024. Costfoto | Nurphoto | Getty ImagesChina is ramping up spending on chip manufacturing equipment, surpassing the combined expenditure of the U.S., South Korea, Taiwan and Japan in the first half of the year, according to an industry report Thursday.The outsized investment is driven by Beijing’s endeavors for chip self-sufficiency as it hopes to hedge against further risks of Western restrictions that could thwart its access to the critical technology. In the first half of 2024, China splurged a whopping $24.73 billion on procuring…
Stanford University has the top MBA program in the world in 2024, according to LinkedIn.David Madison | Getty Images Sport | Getty ImagesThe Stanford Graduate School of Business is the No. 1 Master of Business Administration program in the world in 2024, according to LinkedIn.This year, eight of the top 10 universities are located in the U.S., according to LinkedIn’s 2024 Top MBA global list, which evaluated the programs on five key pillars: job placement, ability to advance, network strength, leadership potential and gender diversity.The list only includes full-time accredited MBA programs that have at least 1,500 total alumni and…
Pictured here in Nov. 2023 is a storefront for Chinese retailer Miniso in London.Peter Dazeley | Getty Images News | Getty ImagesBEIJING — Chinese brands turning to global markets for growth have a major advantage over the first wave of Asian businesses that went global: a large ethnic Chinese diaspora.That’s according to a study published Thursday by U.S. consulting firm Bain and Company. Their analysis looked mostly at data through the year 2023 for 150 Asia-Pacific headquartered consumer goods companies that are publicly traded.”The ethnic Chinese population overseas is so large in many markets that I think there’s a disproportionate…
Goldman Sachs has refreshed its lists of top global stock picks for September, adding some and removing others. The stocks are featured in the investment bank’s “Conviction List – Directors’ Cut,” which aims to offer investors a “curated and active” list of 15 to 25 buy-rated stocks. Stocks on the list are selected by a subcommittee designated by the bank’s Investment Review Committee for each region. “The subcommittee will collaborate with each sector analyst to identify top ideas that offer a combination of conviction, a differentiated view and high risk-adjusted returns,” Goldman Sachs said. Here are three of the latest…
A “Now Hiring” sign is displayed on a storefront in Adams Morgan Neighborhood on October 07, 2022 in Washington, DC.Anna Moneymaker | Getty Images News | Getty ImagesThis 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. Like what you see? You can subscribe here.What you need to know todaySecond-day dropOn Wednesday, the S&P 500 and Nasdaq Composite fell for a second day, but the Dow Jones Industrial Average managed to buck the trend with a slight rise. The pan-European…
Gene Munster, Deepwater Asset Management managing partner, joins ‘Fast Money’ to discuss what’s next for Microsoft. Source link
Shares of Visa hold significant growth potential and could even help investors weather market volatility, according to fund manager Freddy Lait at Latitude Investment Management. Lait, who is also a managing partner at the firm, pointed to Visa’s 0.8% gain on Monday — despite a very risk-off mood in the broader market — as a sign of the stock’s resilience. According to the fund manager, Visa’s 7% share price growth this year suggests that investors have broadly ignored the stock with the focus firmly on large banks. The S & P 500 Banks Group has risen 23% this year on…
The Bills were knocked out of the playoffs last season by the Kansas City Chiefs in the AFC Divisional Round while the Cardinals missed the postseason with a 4-13 record. Dissecting the Bills’ options at safety In the final year of his rookie deal, Hamlin went from potentially on the roster bubble heading into training camp to having everything at the position break his way. Now, the Bills have rewarded both his work and overall availability with his first start since the 2022 season. Hamlin benefitted from the early training camp injuries to both second-round rookie Cole Bishop and veteran…
“Greetings from the cockpit. This is your captain speaking.”It’s a phrase frequent flyers know well. Only this isn’t a pilot. And what follows isn’t the same ol’ in-flight safety talk.Rather, it’s the opening salvo of a now viral YouTube video from travel journalist Doug Lansky, who delivers a near 7-minute “honest pre-flight safety demonstration … that airlines are afraid to show you.” The tongue-in-cheek video has racked up 8.4 million views, an impressive achievement for a fake version of a safety briefing that most travelers ignore.Lansky said he was inspired by a discussion he had with a pilot he sat…
