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☆ Stocks making the biggest moves premarket: Micron Technology, 3M, AT&T, Delta Airlines and more
▼ + stars: | 2024-04-01 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Micron Technology — Shares ticked up roughly 1.1% after Bank of America increased its price target on the chipmaker, with the analyst forecasting high-bandwidth memory technology demand will grow to more than $20 billion by 2027. 3M — Shares of the manufacturer rose nearly 3% Monday. Barrick Gold, Royal Gold — The gold miner and gold royalty company, respectively, rose 2% and 1.7%. Delta Airlines — Shares climbed about 2% after Morgan Stanley named the Atlanta-based airline stock a top pick for 2024. UPS — Shares ticked up nearly 2% following news that the shipping company would become the primary air cargo provider for the United States Postal Service.

Persons: Robinson, Brandon Oglenski, Barrick, Wells, Morgan Stanley, Michael Saylor, —, Lisa Kailai Han, Jesse Pound, Alex Harring Organizations: Micron Technology, Bank of America, Hunt Transport, C.H, Barclays, Federal, Devon Energy, Delta Airlines, UPS, United States Postal Service Locations: Wells, Atlanta

☆ We're hiking our price targets on Nvidia and two other rallying portfolio stocks
▼ + stars: | 2024-03-22 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Nvidia price target increased to $1,050 NVDA YTD mountain Nvidia YTD Coming off a bullish GTC conference where Nvidia CEO Jensen Huang made the case that the artificial intelligence investment cycle is still in its early innings, we are increasing price target on the chip giant to $1,050 per share from $850. We're increasing our Eaton price target to $330 per share from $290 and reiterating our buy-equivalent 1 rating. As a sanity check, Bank of America increased its Eaton price target to $340 from $330 on Thursday following a meeting with management. Wells Fargo raised to $60 WFC YTD mountain Wells Fargo YTD Wells Fargo has made a string of new 52-week highs, and we think those gains can continue due to better-than-expected net interest income performance from higher interest rates, more buybacks, and ongoing cost discipline. We're increasing our Wells Fargo price target to $60 per share from $54 and reiterating our 2 rating.

Persons: Jensen Huang, Jensen, playbook, It's, Jim Cramer, Eaton, We're, Wells Fargo, Charlie Scharf, He's, Jim Cramer's, Jim, Josh Edelson Organizations: Nvidia, Blackwell, Bank of America, CNBC, Intelligence, SAP Center, Afp, Getty Locations: Eaton, Wells, Wells Fargo, ETN, San Jose , California

☆ Harris says it’s absurd and unfair that marijuana is treated more seriously than fentanyl under federal law
▼ + stars: | 2024-03-15 | by ( Michael Williams | Samantha Waldenberg | ) edition.cnn.com time to read: +4 min

Washington CNN —Vice President Kamala Harris said Friday that it is “absurd” and “patently unfair” that marijuana is treated the same as heroin and other Schedule I drugs – and more seriously than fentanyl – under federal law. “Marijuana is considered as dangerous as heroin and more dangerous than fentanyl, which is absurd, not to mention patently unfair,” Harris said during a roundtable on the administration’s plans for cannabis reform. The administration began the process of reconsidering how marijuana is treated under federal law just before the midterms in 2022. Andy Beshear - and alluded to her own role in what she described as an unequal criminal justice system. Harris’ own feelings on marijuana reform have evolved in line with her career.

Persons: Kamala Harris, ” Harris, “ I’m, Biden, Harris, Joe Biden, Xavier Becerra, Fat Joe, Andy Beshear, ”, “, ” Biden, Bill Clinton’s, CNN’s Holmes Lybrand, Kevin Liptak Organizations: Washington CNN —, White, Black, Democratic, US Health, Human Services, Kentucky Gov, Union, Los Angeles Times Locations: California, Francisco’s

☆ The news hitting a portfolio health-care name actually removes an overhang on the stock
▼ + stars: | 2024-03-13 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. The Trust is the portfolio we use for the CNBC Investing Club. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, GEHC, Jim Cramer's, Jim Organizations: CNBC, Electric, GE Healthcare, GE, Bank of America, Nvidia

☆ 10 things to watch in the stock market, including Eli Lilly, Amazon, Meta and Ford
▼ + stars: | 2024-03-13 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

BofA also raises red-hot server maker Super Micro Computer price target to $1,280 from $1,040. The Club stock took off in mid-February after the previous secondary. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Eli Lilly, BofA, ByteDance, Morgan Stanley's Adam Jonas, Jonas, Morgan Stanley, Tesla, Wells, Jim Cramer's, Jim Cramer, Jim Organizations: Investors, Bank of America, Electric, GE Healthcare, Club, Auto, General Motors, Ford, Citigroup, Constellation Brands, Citi, Nielsen, Corona, Modelo, Jim Cramer's Charitable, CNBC Locations: Pacifico, Cleveland

☆ Wednesday, March 13, 2024: The Investing Club breaks down the bullish call on this semiconductor stock
▼ + stars: | 2024-03-13 | by ( ) www.cnbc.com time to read: 1 min

Wednesday, March 13, 2024: The Investing Club breaks down the bullish call on this semiconductor stockJeff Marks, director of portfolio analysis for CNBC's Investing Club, discusses the selling of more shares of this health care stock by its parent company. He also talks about the analyst watch on this consumer stock. Finally, he breaks down Bank of America increasing the price on this semiconductor stock.

Persons: Jeff Marks Organizations: CNBC's Investing, Bank of America

☆ Foot Locker shares drop more than 10% after heavy promotions lead to holiday-quarter losses
▼ + stars: | 2024-03-06 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +5 min

The Foot Locker logo is displayed in a store on May 19, 2023 in San Francisco, California. Foot Locker lost $389 million, or $4.13 per share, compared with income of $19 million, or 20 cents per share, a year earlier. Comparable sales at Foot Locker and Kids Foot Locker in North America increased 5.2%It's been a little over a year since Dillon took the helm of Foot Locker. During its fiscal third quarter, Foot Locker eked out surprise beats on the top and bottom lines. During the fourth quarter, Foot Locker opened 29 new stores, remodeled or relocated 66 locations, and closed 113 stores.

Persons: Locker, Foot, Mike Baughn, Foot Locker, Mary Dillon, Dillon, Ulta, Locker eked, Jordan Brand Organizations: LSEG, Sports, Foot, NBA, Nike, Dick's Sporting Goods, CNBC PRO Locations: San Francisco , California, markdowns, North America, India, Indianapolis

☆ Turns out that giving up the grind and retiring to Italy is as good as it sounds
▼ + stars: | 2024-03-02 | by ( Joi-Marie Mckenzie | Jordan Parker Erb | ) www.businessinsider.com time to read: +5 min

If you've ever dreamed of giving up the grind and retiring in Italy, apparently it's as good as it sounds. On the agenda today:This story is available exclusively to Business Insider subscribers. In fact, this is a topic my colleagues at Business Insider cover extensively all year long. But understanding and improving your VO2 Max, a measure of how much oxygen you use during exercise, could be the key to unlocking a longer life. AdvertisementA higher VO2 max can give you a better chance at a longer life.

Persons: —, we've, Alyssa Powell, They're, Christopher Malcolm, Getty, Klaus Vedfelt, Abanti Chowdhury, Max, Marc Piasecki, Tyler Le, Stellan, Skarsgård, Baron Vladimir Harkonnen, Jia Feng, Devin Shaffer, Neiman Marcus, Le, Napoleon, Ridley, Joaquin Phoenix, Joi, Marie McKenzie, Jordan Parker Erb, Dan DeFrancesco, Lisa Ryan Organizations: Service, Business, Getty, Universal, Miramax, Warner Bros, BI, Netflix, Apple TV, Apple, Hulu, Paramount Locations: Italy, Texas, Tuscany, America, United States, New York

☆ CNBC Daily Open: Americans sour on the economy
▼ + stars: | 2024-02-28 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Mixed bag on Wall StreetU.S. stocks ended mixed Tuesday as investors prepared for key inflation data due out later this week. South Korea's Japan-style measures to boost corporate governance may not work to lift its undervalued stock markets and tackle the so-called "Korea discount." Honor's foray into flip phonesChinese technology firm Honor will launch a foldable flip phone this year, the company's CEO George Zhao told CNBC.

Persons: Joe Biden, Dow, Bitcoin, Tesla, George Zhao, Andrew Organizations: CS Wind America Inc, CNBC, Wall Street, Nasdaq, Apple, Bloomberg, Will, Korea's, Financial Services Commission, Samsung Locations: Pueblo , Colorado, Korea's Japan, Korea

☆ Why Cramer thinks Broadcom stock could climb to $1,200 a share
▼ + stars: | 2023-11-28 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a Morning Meeting livestream at 10:20 a.m. "I like the acquisition very much," Jim Cramer said Tuesday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Michael Lamach, Ingersoll, Gordon Haskett, Lamach, Jim Cramer's, Jim Organizations: CNBC, Treasury, Organization of, Petroleum, West Texas, Club, Broadcom, VMWare, Bank of America, Honeywell, Trane Technologies, Ingersoll Rand Locations: midmorning

☆ NY wants to force Pepsi, Frito-Lay to clean up discarded plastic bottles and food wrappers, alleging that 'irresponsible packaging' is polluting river
▼ + stars: | 2023-11-15 | by ( Associated Press | ) www.businessinsider.com time to read: +4 min

The lawsuit seeks to force Pepsi and Frito-Lay to clean up wrappers and bottles on the shores of the Buffalo River. Microplastics have been found in fish species and in Buffalo's drinking water supply, the lawsuit alleges. "No company is too big to ensure that their products do not damage our environment and public health. "We will not sit idly by as our waterways become polluted again, this time from ever-growing single-use plastic pollution." It also asks that the company take steps to prevent additional plastic pollution from entering the Buffalo River.

Persons: Letitia James, —, James, Microplastics, Jill Jedlicka Organizations: NY, PepsiCo, Pepsi, Frito, Service, New, PepsiCo Inc, Lay Inc, Lay, America Inc, state's Department of Environmental, Buffalo Niagara, Gatorade Locations: Buffalo, Lake Erie, United States, New York

“No company is too big to ensure that their products do not damage our environment and public health. All New Yorkers have a basic right to clean water, yet PepsiCo’s irresponsible packaging and marketing endanger Buffalo’s water supply, environment, and public health,” James said in a statement. PepsiCo is the single largest identifiable contributor to the plastic waste contaminating the Buffalo River, according to the lawsuit. Microplastics have also been found in fish species that are known to inhabit Lake Erie and the Buffalo River, as well as Buffalo's drinking water supply, according to the lawsuit. The lawsuit alleges that the opposite is happening, and that PepsiCo misled the public about its efforts to combat plastic pollution.

Persons: Letitia James, ” James, Microplastics, ”, Jill Jedlicka, James Organizations: — New York, PepsiCo Inc, PepsiCo, Frito, Lay Inc, Lay, America Inc, state’s Department of Environmental, Buffalo Niagara, Gatorade, Pepsi Locations: ALBANY, N.Y, Buffalo, “, Lake Erie, United States, New York

☆ Biden Speaks, but Will He Act?
▼ + stars: | 2023-10-21 | by ( The Editorial Board | ) www.wsj.com time to read: +1 min

Journal Editorial Report: The administration gives full support, but will it last? Image: Samuel Corum - Pool Via Cnp/Zuma PressPresident Biden on Thursday night finally told Americans the truth about a new world of threats, which he called “an inflection point.” It’s also a decisive moment for the Commander in Chief: Will Mr. Biden respond if Iran keeps attacking U.S. forces abroad? And will he build support in Congress to restore U.S. military power? Wars in Israel and Ukraine “can seem far away,” the President said in a rare Oval Office address. Vladimir Putin, Mr. Biden noted, views the Baltic countries in the North Atlantic Treaty Organization as rogue Russian provinces.

Persons: Samuel Corum, Biden, ” It’s, Will Mr, don’t, Vladimir Putin Organizations: Cnp, Zuma Press, North Atlantic Treaty Organization Locations: Iran, Israel, Ukraine, America, Baltic, North

Think Big America has already funded support for constitutional amendments favoring abortion access in Ohio, Arizona and Nevada. Fourteen states now ban abortion and debate elsewhere rages since the U.S. Supreme Court's June 2022 decision to upend the 50-year-old Roe v. Wade opinion that legalized abortion. "My commitment to protecting and expanding reproductive rights has been lifelong,” Pritzker, who has often recalled attending abortion-rights rallies with his mother as a child, said in a prepared statement. Political Cartoons View All 1211 ImagesDespite a long progressive agenda, there are few issues on which Pritzker has been more vocal than abortion access. "I’ve seen the governor’s commitment to expanding human, civil, and reproductive rights up close,” Rogers said in a statement.

Persons: J.B, Pritzker, Roe, Wade, ” Pritzker, Natalie Edelstein, Desiree Rogers, Barack Obama, Margaret Croke, Chicago Alderwoman Michelle Harris, Donald Trump, I’ve, ” Rogers, ” Organizations: Ill, —, Democratic, White House, Chicago, Republican, Assembly, Democrats Locations: SPRINGFIELD, — Illinois, Illinois, Ohio , Arizona, Nevada, U.S ., Chicago

☆ Child as young as 11 operated forklift at Kentucky distribution center, authorities say
▼ + stars: | 2023-10-18 | by ( Marlene Lenthang | ) www.cnbc.com time to read: +2 min

A Kentucky distribution center has been slapped with a $30,000 fine after the U.S. Department of Labor found it illegally employed two children, one of whom operated a forklift. One employed child operated a forklift, which is considered hazardous for workers under 18, and another child picked up orders in the warehouse, which is prohibited for workers under 16, the department said. The penalty comes amid a crackdown of child labor violations in the U.S., which Wage and Hour Division Regional Administrator Juan Coria in Atlanta said was seeing an "alarming increase." "Employers are responsible for taking all appropriate actions to verify that they are not illegally employing children. In the fiscal year of 2022, the U.S. Department of Labor found child labor violations involving nearly 4,000 children nationwide, an increase of more than 60% over the past five years.

Persons: Juan Coria, Coria Organizations: U.S . Department of Labor, Win.It, U.S . Department, Labor's, Division, Inc, Technology Co, U.S ., Employers Locations: Kentucky, Hebron, Cincinnati , Ohio, U.S, Shanghai, China, U.S . Australia, Germany, Great Britain, Atlanta

☆ The Biden administration wants to completely ban the hidden fees that make your plane and concert tickets unexpectedly expensive
▼ + stars: | 2023-10-11 | by ( Ayelet Sheffey | Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

The FTC proposed a rule on Wednesday that would ban all hidden and misleading fees. Businesses who use hidden fees might have to give consumers refunds, per the rule. AdvertisementAdvertisementThe Biden administration has been trying to crack down on the hidden fees that pop up when you try to book a plane or a concert ticket or even just order food — and now wants to outright ban them. Those junk fees "plague" Americans across all sorts of transactions. The CFPB's Wednesday guidance clarified that provision to ensure every American knows they do not need to pay junk fees to get basic information from their bank.

Persons: —, Biden, Lina Khan, Khan, that's, Vicki Morwitz, Morwitz, Rohit Chopra, Lael Brainard Organizations: FTC, Service, Federal Trade Commission, Columbia Business School, Consumer Financial, —, Economic Locations: America, United States

☆ Don't chase the Coinbase rally as regulatory risks still linger, analysts warn
▼ + stars: | 2023-07-25 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Investors shouldn't chase the Coinbase rally that was sparked by a pop in crypto asset XRP due to a partial legal win in federal court, analysts warned. The judge also ruled that Ripple violated securities laws when selling XRP to institutions but not to retail investors. However, some analysts noted investors should stay cautious around Coinbase for a little while longer. Despite the ways Coinbase and the crypto industry can benefit from the ruling, the dark cloud of regulatory uncertainty hasn't gone away yet. He added that although the ruling is positive, it's "not a Panacea" for Coinbase.

Persons: XRP, Peter Christiansen, Bank of America's Jason Kupferberg, Kupferberg, Christiansen, Michael Bloom Organizations: of, Citi, Bank of America's, SEC, Coinbase, Bank of America, America's Locations: Southern, of New York, Cancun

The IRA includes a clause that automatically qualifies EV battery materials recycled in the U.S. as American-made for subsidies, regardless of their origin. That is important because it qualifies automakers using U.S.-recycled battery materials for EV production incentives. China handles virtually all EV battery recycling in a global market projected to grow from $11 billion in 2022 to $18 billion by 2028, according to research firm EMR. The volume of EV batteries available for recycling should grow over tenfold by 2030, said consultant Circular Energy Storage. In Europe, EV batteries are currently shredded into "black mass" that is shipped to China for recycling.

Persons: Marc Trent, Charles Trent, Nick Carey POOLE, Thomas Becker, Louie Diaz, Diaz, JB Straubel, Mike O'Kronley, Christian Marston, deconstruct, Bruno Thompson, Thea Soule, Soule, Kurt Vandeputte, Becker, We've, Nick Carey, Paul Lienert, Ben Klayman, Claudia Parsons Organizations: Charles Trent Ltd, REUTERS, Reuters, BMW, Redwood Materials, European Union, EV, Energy Department, Altilium Metals, recyclers, U.S, CES, Cambridge, Battery Recycling Company, EU, Nissan, Nio, Victoria Waldersee, Thomson Locations: Poole , Britain, England, U.S, North America, China, New York, Nevada, America, Georgia, Kentucky, EVs, Bulgaria, Europe, Poole, Dallas , Texas, Japan, HK, Poole , England, Detroit, Berlin

☆ SPECIAL REPORT-Inside the subsea cable firm secretly helping America take on China
▼ + stars: | 2023-07-06 | by ( Joe Brock | ) www.reuters.com time to read: +23 min

Reuters is revealing details of the Diego Garcia project and SubCom’s deepening ties with the Pentagon. SubCom’s loyalty is especially important because it is the only major U.S. subsea cable company. Rather, they carefully obscured the U.S. military component within a larger private-sector cable project, according to four subsea cable industry sources with knowledge of the arrangement. That project, known as the Oman Australia Cable, was spearheaded by SUBCO, a Brisbane-based subsea cable investment company owned by Australian entrepreneur Bevan Slattery. Once the Navy project was complete, AT&T’s submarine cable project morphed into a commercial business, the former employees said.

Persons: Diego Garcia, SubCom, Cerberus, Stephen Feinberg, Donald Trump, Feinberg, Joe Biden, Biden, Eckhard Bruckschen, They’ve, ” Bruckschen, Trump, Brad Smith, –, Mao Ning, ”, Jacob Helberg, Bevan Slattery, SUBCO’s, Richard Payne, Payne, “ We’re, ” Payne, Alex Kerska, Catherine Creese, Creese, David Coughlan, Coughlan, Slattery, SubCom’s Coughlan, Rich, Australia West Express –, John Mariano, Anthony Albanese, Albanese, Caesar, Kellee Wicker, ” Wicker Organizations: CS, SubCom, Google, Microsoft, Meta, ., U.S, Navy, Cerberus Capital Management, U.S . Navy, President’s Intelligence, Board, U.S . Navy’s Pacific Fleet, U.S . Pacific Fleet, U.S ., Pentagon, America Inc, Cable Consultancy, Reuters, Japan’s NEC Corporation, France’s Alcatel Submarine Networks, China’s HMN, U.S . Department of Defense, White, U.S . Department of Justice, Foreign, Oracle, China Economic, Security, Commission, U.S . Department of Transportation, Department of Defense, government’s, Cable Security Fleet, Oman Australia Cable, SUBCO, The, The U.S . Pacific Fleet, SUBCO’s Oman Australia Cable, Facebook, Defense, Intelligence, SubCom’s, London Stock Exchange Group, U.S . Coast Guard, Naval, Cable, Office, Tyco Telecommunications, Australian, Financial, Australia West Express, GoTo Networks, couldn’t, Netflix, AT, Tyco International, Tyco, New, Washington, Science, Technology, Wilson, “ Cables Locations: Diego, Indian, China, New Jersey, United States, U.S, Soviet, Washington, New York, Philippine, South China, Beijing, America, American, Hong Kong, Switzerland, Eatontown , New Jersey, British, Britain, Australian, Australia, Oman, Brisbane, Southeast Asia, The U.S, SUBCO’s Oman, Perth, SubCom, Guam, U.S . Pacific, Republic of Djibouti, of Africa, Djibouti, Sri Lanka, Scotland, Newfoundland

☆ Inside the subsea cable firm secretly helping American take on China
▼ + stars: | 2023-07-06 | by ( ) www.reuters.com time to read: +24 min

Persons: Diego Garcia, SubCom, Cerberus, Stephen Feinberg, Donald Trump, Feinberg, Joe Biden, Biden, Eckhard Bruckschen, They’ve, ” Bruckschen, Trump, Brad Smith, –, Mao Ning, ”, Jacob Helberg, Bevan Slattery, SUBCO’s, Richard Payne, Payne, “ We're, ” Payne, Alex Kerska, Catherine Creese, Creese, David Coughlan, Coughlan, Slattery, SubCom’s Coughlan, Rich, Australia West Express –, John Mariano, Anthony Albanese, Albanese, Caesar, Kellee Wicker, ” Wicker, Joe Brock, Mohammad Kawoosa, Edgar Su, Catherine Tai Design, Eve Watling, Marla Dickerson Organizations: CS, SubCom, Google, Microsoft, Meta, ., U.S, Navy, Cerberus Capital Management, U.S . Navy, President’s Intelligence, Board, U.S . Navy’s Pacific Fleet, U.S . Pacific Fleet, U.S ., Pentagon, America Inc, Cable Consultancy, Reuters, Japan’s NEC Corporation, France’s Alcatel Submarine Networks, China’s HMN, U.S . Department of Defense, White, U.S . Department of Justice, Foreign, Oracle, China Economic, Security, Commission, U.S . Department of Transportation, Department of Defense, government’s, Cable Security Fleet, Oman Australia Cable, SUBCO, The, The U.S . Pacific Fleet, SUBCO’s Oman Australia Cable, Facebook, Defense, Intelligence, SubCom’s, London Stock Exchange Group, U.S . Coast Guard, Naval, Cable, Office, Tyco Telecommunications, Australian, Financial, Australia West Express, GoTo Networks, couldn’t, Netflix, AT, Tyco International, Tyco, New, Washington, Science, Technology, Wilson, “ Cables Locations: Diego, Indian, China, New Jersey, United States, U.S, Soviet, Washington, New York, Philippine, South China, Beijing, America, American, Hong Kong, Switzerland, Eatontown , New Jersey, British, Britain, Australian, Australia, Oman, Brisbane, Southeast Asia, The U.S, SUBCO’s Oman, Perth, SubCom, Guam, U.S . Pacific, Republic of Djibouti, of Africa, Djibouti, Sri Lanka, Scotland, Newfoundland

☆ Jim Cramer's top 10 things to watch in the stock market Thursday — the stupid nonsense edition
▼ + stars: | 2023-07-06 | by ( Jim Cramer | ) www.cnbc.com time to read: +3 min

Stupid nonsense that Treasury Secretary Janet Yellen will accomplish anything noteworthy on her China trip. Stupid nonsense that the pseudo-OPEC+ meeting will accomplish something. Stupid nonsense that Fed minutes matter. Stupid nonsense that it's time to load up the boat ahead of the upcoming earnings season. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Janet Yellen, That's, Dow, Morgan Stanley, Mark Zuckerberg, Tesla, Jim Cramer's, Jim Cramer, Jim Organizations: Nasdaq, Microsoft, Twitter, Elon, Meta, Bank of America, General Electric, GE, Jim Cramer's Charitable, CNBC Locations: China, Taiwan, Russia, U.S, Saudi Arabia, BofA

☆ Bank of America increases dividend by 9% after Fed stress test
▼ + stars: | 2023-07-05 | by ( ) www.reuters.com time to read: +1 min

NEW YORK, July 5 (Reuters) - Bank of America (BofA) (BAC.N) said on Wednesday it planned to increase its quarterly common stock dividend to 24 cents per share from 22 cents per share beginning in the third quarter of 2023. BofA, unlike other major U.S. banks, had held back a decision on the dividend last week. Rivals JPMorgan Chase (JPM.N), Citigroup (C.N), Wells Fargo (WFC.N), Goldman Sachs (GS.N) and Morgan Stanley (MS.N) hiked their third-quarter dividends on Friday after sailing through the Federal Reserve's stress test. BofA had cited a dialogue with the Fed to understand differing results between the central bank's stress test and the companies' own under the Dodd-Frank Act. Last year, BofA raised its dividend to 22 cents a share, the highest level since the 32 cents paid in 2008 and up from 21 cents in 2021.

Persons: Goldman Sachs, Morgan Stanley, BofA, Dodd, Frank, Jaiveer Singh, Saeed Azhar, Shailesh Kuber, Jamie Freed Organizations: YORK, Bank of America, Rivals JPMorgan Chase, Citigroup, U.S, Thomson Locations: U.S, Wells Fargo, Bengaluru, New York

☆ 10 things to watch in the stock market Thursday, including bank stress tests and a possible chip trough
▼ + stars: | 2023-06-29 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

U.S. banks go 23 for 23, passing this year's Fed's stress test, including Club names Wells Fargo (WFC) and Morgan Stanley (MS). KeyBanc downgrades Club name Disney (DIS) to sector weight from overweight (hold from buy) without a price target. Piper upgrades to neutral from underweight (hold from sell), Bank of America increases price target to $76 per share from $68. Piper Sandler initiates coverage on the off-price retailers, starting Club holding TJX Companies (TJX) with a buy-equivalent overweight rating and a $110-per-share price target. Cuts price target to $40 per share from $47.

Persons: Premarket, Wells, Morgan Stanley, KeyBanc, Sanjay Mehrotra, McCormick, Piper Sandler, Piper, Eli Lilly, Warren Buffett's Berkshire, Jim Cramer's, Jim Cramer, Jim Organizations: Dow, Nasdaq, Citi, Disney, Micron, Bank of America, Netflix, TJX Companies, Marshalls, Ross Stores, Burlington Stores, Pfizer, Credit Suisse, Occidental Petroleum, Warren, Warren Buffett's Berkshire Hathaway, Berkshire, Energy, Halliburton, HAL, JPMorgan, Jim Cramer's Charitable, CNBC Locations: Big, Maxx, HomeGoods

☆ Why China and Japan are praying the US won’t default
▼ + stars: | 2023-05-25 | by ( Laura He | ) edition.cnn.com time to read: +8 min

China and Japan are the largest foreign investors in American government debt. China was the largest foreign creditor to the United States for more than a decade. The falling value of Treasuries would lead to a drop in Japan and China’s foreign reserves. “If the United States defaults on its debt, it will not only discredit the United States, but also bring real financial losses to China,” it said. Analysts say Beijing has shown little willingness to fully integrate with global financial markets.

The settlement between BP Products North America Inc., the Justice Department and the Environmental Protection Agency will also require the company to invest approximately $197 million in new technology and other capital improvements to reduce air pollution. The BP refinery near Lake Michigan released nearly 16 times the legal limit of benzene allowed by the Clean Air Act, the EPA said in 2009. Following the EPA's investigation, BP spent about $4 billion to expand the Whiting refinery to process heavy Canadian crude. The company also agreed to undertake a $5 million supplemental environmental project to reduce diesel emissions in the communities surrounding the Whiting Refinery and install 10 air pollutant monitoring stations. Reporting by Sarah N. Lynch and Laura Sanicola in Washington; Editing by Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

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