Alex Harring
CNBC Associate Reporter Alex Harring is an associate reporter covering markets and investing trends for CNBC.com and CNBC Pro. He previously reported for The Wall Street Journal, NBC News, CNN and The Detroit News. Alex is a graduate of the University of Michigan, where he was a news editor and reporter for four years at The Michigan Daily.
Biography:
https://www.cnbc.com/alex-harring/
98%
The Daily's Verdict
This author is known for its high journalistic standards. The author strives to maintain neutrality and transparency in its reporting, and avoids conflicts of interest. The author has a reputation for accuracy and rarely gets contradicted on major discrepancies in its reporting.
Bias
98%
Examples:
- Alex Harring is an associate reporter covering markets and investing trends for CNBC.com and CNBC Pro.
- Alex is a graduate of the University of Michigan, where he was a news editor and reporter for four years at The Michigan Daily.
- He previously reported for The Wall Street Journal, NBC News, CNN and The Detroit News.
Conflicts of Interest
100%
Examples:
- Richard Baker is the executive chair and CEO of HBC and described the acquisition as ‘a testament to our team’s unwavering commitment to building rewarding customer relationships’.
Contradictions
86%
Examples:
- Berkshire Hathaway identified as a stock making the biggest premarket moves in both articles.
- Fed left interest rates unchanged.
- Fed predicted one rate cut before the end of 2024.
- Paramount mentioned as a stock making the biggest premarket moves in both articles.
Deceptions
100%
Examples:
No current examples available.
Recent Articles
Saks Fifth Avenue and Neiman Marcus Join Forces to Form Saks Global: A New Luxury Retail Juggernaut
Broke On: Thursday, 04 July 2024HBC, the parent company of Saks Fifth Avenue, announced on July 4, 2024 its intention to acquire Neiman Marcus Group for $2.65 billion, forming Saks Global with combined assets worth $7 billion and unprecedented tech expertise from Amazon and Salesforce. The deal comes as both companies face challenges in the retail landscape and shoppers shift to low-price e-commerce retailers. Nvidia and ASML: Top Players in AI and Chip Manufacturing Boom with Promising Growth Opportunities
Broke On: Friday, 21 June 2024Nvidia, the tech giant leading the AI boom with a 170% year-to-date stock increase and $300 billion opportunity, continues to grow through next-gen AI accelerators and software services. ASML Holding, essential for advanced chip manufacturing with a market value of $415 billion and upcoming stock split, is also expanding to support growth in the global semiconductor market. 
UBS and Goldman Sachs Predict S&P 500 Surge: Record Stimulus, Low Interest Rates, and Tech Potential Boost Forecasts
Broke On: Thursday, 13 June 2024UBS predicts the S&P 500 could surpass bullish targets due to decreasing inflation, interest rates, and record stimulus. Evercore ISI raises year-end forecast to 6,xxx based on a resilient economy and improving earnings. Goldman Sachs increases 2024 target to 5,xxx due to tech stocks' strong earnings growth and higher P/E ratio multiple. However, Universa Investments warns of a potential crash due to asset bubbles bursting and interest costs squeezing consumers and businesses. 
Federal Reserve Holds Rates Steady, Projects Fewer Cuts in 2024 Amid Persistent Inflation
Broke On: Wednesday, 12 June 2024The Federal Reserve kept interest rates unchanged and projected fewer cuts for 2024, despite easing inflation in May. Chair Jerome Powell emphasized the need for caution to maintain progress towards the 2% inflation target, with persistent issues in housing and ongoing high benchmark rates at 5.3%. The Fed raised its long-term rate forecasts to 2.8%, suggesting a shift from previous expectations. 
Starbucks Urged for Strategic Overhaul by Former CEO Amid Earnings Misses and Unionization Efforts
Broke On: Monday, 06 May 2024Former Starbucks CEO Howard Schultz urges the company to focus on customer experience and address unionization efforts to revive U.S. operations amid significant earnings shortfall. Berkshire Hathaway, Paramount, Spirit Air, Victoria's Secret, and Nio stocks also mentioned in the article. 
Fed Holds Interest Rates Steady Amid Inflation Concerns and Market Volatility: Economic Growth Remains Solid, but Inflation Persists
Broke On: Wednesday, 01 May 2024The Federal Reserve kept interest rates steady in May, despite economic growth and inflation concerns, while the Dow Jones Industrial Average closed mixed and the S&P 500 and Nasdaq Composite both declined. Fed Chair Jerome Powell dismissed stagflation fears, but markets reacted with volatility. Qualcomm saw a post-earnings surge while DoorDash plummeted, and Treasuries rallied as investors sought safety. The Fed's decision to hold rates steady offers some clarity amid ongoing market volatility, but inflation and economic growth remain major concerns. 
US Consumers Trading Down: McDonald's, Starbucks, and Other Major Brands Report Inflation Impact on Sales
Broke On: Wednesday, 01 May 2024US consumers are adopting a cautious approach to spending due to inflation, with major food corporations like McDonald's and Starbucks reporting declining sales and increased price sensitivity. Disposable income declines have put pressure on quick-service chains, leading to menu price hikes that hurt demand. Some companies, such as Domino's Pizza and Burger King owner Restaurant Brands, have managed to thrive through loyalty programs and promotions. Tesla Clears Barriers for Full Self-Driving Software in China: A Game-Changer for the Tech Industry
Broke On: Monday, 29 April 2024Tesla's shares surge 15% after Elon Musk receives approval to launch Full Self-Driving software in China, contributing to gains in the Nasdaq Composite, S&P 500, and Dow Jones Industrial Average. Amidst the US Treasury's increased borrowing estimate, investors remain optimistic about tech growth and other sectors as they await earnings reports from Amazon, Apple, Eli Lilly, Mastercard and others.