Author: Daniel snow

Here’s what tends to happen when the Wall of Worry turns into the Slope of Hope. Source link

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. 1. The stock market is lower on Monday as investors await new trade developments and book some profits following the S & P 500’s record close Thursday before the holiday weekend. “The history of this particular rally is that the profit-taking doesn’t last very long,” Jim Cramer said. After the Morning Meeting concluded, President Donald Trump said Japan and South Korea would be subject to 25% tariffs starting Aug. 1. Stocks moved lower on that news,…

The Sweet July founder is expanding her lifestyle brand’s skincare reach into lip treatments. Source link

A new survey suggests it’s time to go beyond the generic workplace look some call ‘the beige box of despair’ and hang some real art on your office’s walls to help staff morale. Source link

AI may pose a threat to software companies that charge customers per seat or employee, but IBM offers relative stability in part due to a different business model. Source link

Readers react to the unfolding flooding disaster in Texas. Also: Empathy for immigrants; anticipating the 250th anniversary of the United States. Source link

BlackRock’s new acquisition pushes the asset manager one step deeper into private markets. The news The asset management giant on Monday announced an agreement to buy ElmTree Funds, a real estate investment firm that manages roughly $7.3 billion in assets. ElmTree, which leases commercial properties to single-tenant renters, will be integrated into BlackRock’s new group called Private Financing Solutions. The PFS unit is home to private credit manager HPS Investment Partners, which officially became part of BlackRock last week following the closure of the $12 billion acquisition . “Our specialized bricks-and-mortar expertise will be augmented by HPS’s ability to provide…

The $9 billion deal is a play on AI power needs, but one analyst thinks the purchase price undervalues Core Scientific’s business and potential. Source link

Twitter CEO Jack Dorsey testifies during a remote video hearing held by subcommittees of the U.S. House of Representatives Energy and Commerce Committee on “Social Media’s Role in Promoting Extremism and Misinformation” in Washington, March 25, 2021.CNBCBlock CEO Jack Dorsey spent the weekend building Bitchat, a new decentralized, peer-to-peer messaging app that works entirely over Bluetooth mesh networks, with no internet, central servers, phone numbers or emails required.The Twitter co-founder announced Sunday that the beta version is live on TestFlight, with a full white paper available on GitHub.In a post on X Sunday Dorsey called it a personal experiment in…

Still from Apple’s “F1.”AppleLights out and away we go.”F1: The Movie” hasn’t even reached the checkered flag of its theatrical run, but it’s already Apple’s best film release ever.The film, distributed by Warner Bros. Discovery, zoomed past $293 million at the global box office over the weekend. This outpaced Ridley Scott’s “Napoleon,” which generated $221 million during its run in 2023, to become Apple’s highest-grossing theatrical release.The tech company has only sent a handful of films to cinemas with wide releases since delving into the media business in recent years. “Killers of the Flower Moon” tallied $158 million worldwide, “Fly…