Author: arthursheikin@gmail.com

[ad_1] (This is a wrap-up of the key money moving discussions on CNBC’s “Worldwide Exchange” exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. ET each day.) Investors are looking for opportunities in the consumer discretionary sector. Plus, one strategist sees more upside in gold. ‘Worldwide Exchange’ picks: Constellation Brands (STZ) and Starbucks (SBUX) David Katz of Matrix Asset Advisors likes Modelo and Corona importer Constellation Brands after beating on earnings and reiterating its full year guidance. Katz also said the company has an attractive valuation at 12 times forward earnings. “We don’t think their business is going to…

[ad_1] This as-told-to essay is based on a conversation with Bobby Bitton, cofounder and CEO of O Positiv. It has been edited for length and clarity.My parents always instilled in me the idea that I could take my ideas and bring them to reality. My dad ran his own interior design firm, and my mom was an inventor with multiple patents, so it was no surprise that they raised my sister Brianna and me to follow our creative pursuits.When Brianna was 13 and I was 11, she came up with an idea for a product that had lip balm on…

[ad_1] This as-told-to essay is based on a conversation with 28-year-old Mwangi Wanjau, who is from Kenya and based in Canada. The following has been edited for length and clarity.My parents named me Mwangi after my grandfather, James Mwangi Wanjau.I grew up in Nairobi, Kenya, and Mwangi is a very common name within my tribe, the Kikuyu.In 2016, at age 19, I moved from Kenya to western Canada to study, graduating with a degree in mathematics. I felt like an outsider. My name stood out: I often had to repeat it, and people struggled to remember it.During my studies, and…

[ad_1] There is still a “generational” opportunity to grab attractive income, but it’s not going to stick around for too long, according to BlackRock’s Rick Rieder. “The generation is getting a bit more mature,” he said. Still, fixed-income markets continue to offer historically attractive levels of income — which means there are plenty of opportunities for those willing to do the work, Rieder, the firm’s chief investment officer of global fixed income, said in an interview with CNBC. Bond yields move inversely to prices. “You have to be a bit more innovative,” he said. Investors should also bear in mind…

[ad_1] What do all successful leaders have in common?Executive coaches might highlight shared qualities such as authenticity, charisma, or even the ability to foster psychological safety.That’s wrong, says Jon Levy.Certainly, many influential people are intelligent and charming. But are any of these traits a prerequisite for wild success in a given industry? After all, some of the most famous leaders out there — say, Warren Buffett, Oprah Winfrey, and Elon Musk — don’t really have all that much in common, personality-wise.It’s an epiphany that occurred to Levy, an author and behavioral scientist, after hosting hundreds of dinner parties for successful…

[ad_1] The only thing advancing faster than AI is the enthusiasm that many CEOs have for it.Nearly seven in 10 chief executives expect to see returns on their AI investments within one to three years, compared with 21% who held this view in 2024, KPMG US found in a recent survey of 400 heads of large US companies.The shift underscores that, in only a year, CEOs’ confidence in investing in AI has swung “completely to the other extreme,” Tim Walsh, the company’s US chair and CEO, told Business Insider.About two in 10 leaders now expect to see returns in just…

[ad_1] This as-told-to essay is based on a conversation with Patricia Wheatley, 82, who earns $16 an hour working at her friend’s boat store in western Pennsylvania. She doesn’t have much in savings, and she works to supplement her Social Security and have enough to send gifts to her many grandchildren and great-grandchildren. This interview has been edited for length and clarity.I’m just a plain Jane. I don’t have an amazing story. I wonder about my future, but I don’t spend a whole lot of time on that, because there are too many things to be busy with.My first job…

[ad_1] When Sriram Krishnan, a senior White House policy advisor on artificial intelligence, appeared onstage at an event in Washington last month, he listed the Trump administration’s priorities for advancing the AI revolution.At the top of the list? More construction.”Let’s make sure we build our infrastructure,” Krishnan said. “‘Build, baby, build’ is what we tell people.”That rallying cry is echoing across Silicon Valley. Executives at Meta say they expect to spend $600 billion on AI infrastructure, including massive data centers, through 2028. OpenAI and Oracle have announced plans to put $500 billion into a data center project dubbed Stargate, while…

[ad_1] Strava and Garmin are having a fallout, and athletes on TikTok are not happy about “mum and dad fighting.”Strava, a San Francisco-based fitness tracking app, filed a lawsuit against tech company Garmin in a Colorado court on September 30, accusing the latter of patent infringement and a breach of contract.Social media has not taken the fallout well. Athletes on TikTok have posted videos about how “mum and dad are fighting,” referring to how two of the biggest names in the fitness sphere have clashed, and how it might impact their user experience.Holly Brooks, an LA-based fitness influencer, joked that…

[ad_1] Japan’s stock markets have been on a tear this year, and a fresh jolt of optimism has sent the Nikkei 225 to record highs after Sanae Takaichi’s victory to lead the ruling Liberal Democratic Party.On Tuesday, the Nikkei 225 gained as much as 1.2% to over 48,500 in its second straight day of historic highs as traders piled in on the “Takaichi trade” — a wager on stronger stocks, rising bond yields, and a weaker yen that boosts exporters and corporate profits.Traders are betting that Takaichi’s pro-growth, pro-fiscal stance could revive the spirit of Abenomics and a new wave…