Month: August 2024
Republican ex-Rep. Adam Kinzinger: Trump ‘suffocated the soul of’ the GOP
Former Republican Rep. Adam Kinzinger in his Democratic National Convention speech that “Donald Trump has suffocated the soul of the Republican Party,” endorsing Democrat Kamala Harris for president. “His fundamental weakness has coursed through my party like an illness, sapping our strength, softening our spine, whipping us into a fever that has untethered us from […]
Read More
A recession is coming in the U.S., and ‘a few rate cuts’ won’t prevent it, says strategist
An Aldi supermarket in Alhambra, California, US, on Thursday, June 27, 2024. Eric Thayer | Bloomberg | Getty Images Contrary to what many believe, investment research firm BCA Research sees that the economy is on the cusp of a recession, and the predicted upcoming U.S. Federal Reserve rate cuts will not be sufficient to steer […]
Read More
Gold miners ‘ripe’ for a break out: Analysts name stocks to buy into the gold rush
Gold continues to be red hot, with prices repeatedly hitting record highs. Prices of the precious metal hit a new all-time high of $2,531.60 per ounce on Tuesday, after reaching a previous record last week. Spot gold prices were last around $2,490 on Friday. Gold mining stocks have, unsurprisingly, ridden the wave, with the VanEck […]
Read More
Asia markets set for lower open as investors await Jackson Hole meeting, assess Japan inflation data
A customer shops at a supermarket in Tokyo on Feb. 27, 2024. Kazuhiro Nogi | Afp | Getty Images Asia-Pacific markets were set to open lower on Friday as investors await U.S. Federal Reserve chairman Jerome Powell’s comments at Jackson Hole. In the past, Powell has outlined broad policy initiatives and provided clues about the […]
Read More
Can a robot give a decent massage? We tested one at a luxury hotel in New York City
One step inside a spa’s dimly lit room, and I’m already anticipating a serene, therapeutic experience: an hour-long full-body massage that leaves me relaxed and revitalized. But a recent appointment at ila Only Spa at the luxurious Lotte New York Palace hotel didn’t resemble past spa experiences. Although a human escorted me into the room, […]
Read More
‘Long-term opportunity’: Morningstar analyst names 2 luxury stocks to buy right now
Amid a broad sell-off in luxury stocks, one Morningstar analyst sees promise in the sector, revealing her top picks. “The luxury sector has been quite richly valued for the last couple of years,” Jelena Sokolova, senior equity analyst at Morningstar, told CNBC Pro. She said that amid the broad sell-off, “opportunities will start to emerge […]
Read More
Trump could cash out his DJT stock within weeks. Here’s what happens if he sells
A smartphone displays the logo of Donald Trump’s Truth Social app on March 25, 2024. Anna Barclay | Getty Images Former President Donald Trump will soon be free to start unloading his multibillion-dollar stake in his fledgling social media startup, Trump Media. But the potential payday — Trump’s stake comprises more than half of his […]
Read More
DNC Day 4 Live: Kamala Harris, Gretchen Whitmer and former GOP Rep. Adam Kinzinger
Vice President Kamala Harris is set to deliver her highly-anticipated keynote speech on Thursday to cap the final night of the Democratic National Convention. Night four features a slate of Democratic lawmakers, governors and performers to rev up the crowd ahead of Harris’ address. Among the speakers are Michigan Gov. Gretchen Whitmer and North Carolina […]
Read More
Stocks making the biggest moves after hours: Cava, Uber, Ross Stores, Workday and more
Customers arrive at a Cava restaurant in New York City on June 22, 2023. Brendan Mcdermid | Reuters Check out the companies making headlines after the bell: Cava Group — The fast-casual restaurant brand saw shares climb nearly 6% in after-hours trading following a better-than-expected earnings report. Cava posted a profit of 17 cents per […]
Read More
Cava earnings beat estimates as restaurant traffic climbs nearly 10%
Customers arrive at a Cava restaurant in New York City on June 22, 2023. Brendan Mcdermid | Reuters Cava on Thursday raised its full-year outlook as its restaurants reported strong traffic, fueling better-than-expected quarterly earnings and revenue. Shares of the company rose 7% in extended trading. The stock has more than doubled its value this […]
Read More