Month: June 2024
The unloved stock market rally: Why so many investors find it hard to embrace this run to records
What to make of a record-setting market rally that elicits more mistrust than fear of missing out? The S & P 500 has made an all-time high on nearly thirty days this year, four of them this past week. U.S equity wealth has never been greater, and the index path has even been pretty smooth: […]
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Why tariffs on Chinese EVs may not work
The Chinese auto sector is increasingly making global automakers and politicians hot under the collar. In the early 1980s, the Chinese auto industry barely existed. Today the country has the capacity to make about 40 million vehicles annually — enough to supply half the world. Only about 25 million cars sold in the country in […]
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These five stocks are primed for upside, including this alternative to Nvidia, Morgan Stanley says
Morgan Stanley analysts named a slate of stocks this week they think are too attractive to ignore. The firm called out a list of overweight-rated companies that have solid prospects for upside. CNBC Pro combed through Morgan Stanley research to find stocks that are primed for growth this summer. They include Apple, Toast, Broadcom, Arista […]
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Cocoa prices are soaring. Candy makers will need to get creative
Dried cocoa beans at the Somos Cacao farm and production facility in Ragonvalia, Norte de Santader department, Colombia, on Friday, March 22, 2024. Ferley Ospina | Bloomberg | Getty Images There’s pricing pressure taking hold of a specific corner of global agriculture — and it’s bittersweet. Prices of cocoa have more than tripled over the […]
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G7 confronts China on commerce, pope talks about AI
Italian Premier Giorgia Meloni receives Pope Francis as he arrives at the G7 Leaders Summit on day two of the 50th G7 summit at Borgo Egnazia on June 14, 2024 in Fasano, Italy. Vatican Pool | Getty Images News | Getty Images Pope Francis made an historic appearance at the Group of Seven summit on […]
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South Africa’s Ramaphosa re-elected as ANC strikes coalition deal
President of the African National Congress (ANC) Cyril Ramaphosa (C) gestures after he was announced president after members of parliament voted during the first sitting of the New South African Parliament in Cape Town on June 14, 2024. Wikus De Wet | Afp | Getty Images The African National Congress and its largest rival, the […]
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CEOs at Trump meeting: Ex-president ‘meandering’ and ‘doesn’t know what he’s talking about’
WASHINGTON — Former President Donald Trump failed to impress everyone in a room full of top CEOs Thursday at the Business Roundtable’s quarterly meeting, multiple attendees told CNBC. “Trump doesn’t know what he’s talking about,” said one CEO who was in the room, according to a person who heard the executive speaking. The CEO also said Trump did not […]
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DOJ won’t prosecute Merrick Garland after House GOP held him in contempt over Biden tapes
U.S. Attorney General Merrick Garland departs for a recess during a House Judiciary Committee hearing entitled “Oversight of the U.S. Department of Justice”, in Washington, D.C., U.S., June 4, 2024. Anna Rose Layden | Reuters WASHINGTON — The Justice Department confirmed Friday, as expected, that Attorney General Merrick Garland will not face charges after House […]
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Luxury homes on these beaches are losing value fast, as effects of climate change hit hard
As sea levels rise and storms intensify, coastal real estate is seeing flooding and erosion like never before. From Dana Point, California, to Long Island, New York, and Nantucket, Massachusetts, some of the nation’s priciest coastal real estate is in an increasingly precarious position due to climate change. This year’s hurricane season is already underway, […]
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Adobe shares surge 15%, head for sharpest rally since 2020
Adobe CEO Shantanu Narayen speaks during an interview with CNBC on the floor at the New York Stock Exchange on Feb. 20, 2024. Brendan Mcdermid | Reuters Adobe shares surged 15% on Friday, the biggest gain since March 2020, after the software maker reported earnings and revenue that beat analysts’ estimates. After the bell on […]
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