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☆ Norfolk Southern Investors Reject Plan to Oust Its Management
▼ + stars: | 2024-05-09 | by ( Peter Eavis | ) www.nytimes.com time to read: +1 min

Shareholders of Norfolk Southern, the beleaguered freight railroad, on Thursday voted down an attempt by an activist investment firm to remove the company’s chief executive and take control of its board. But the activist, Ancora, a Cleveland firm, managed to secure a foothold at the company, after shareholders voted to place three of its directors onto Norfolk Southern’s 13-member board. Ancora had hoped to take control of the company’s leadership with an aim to cut costs and increase Norfolk Southern’s profits and stock price. The result is a partial victory for Norfolk Southern’s executives, who had to defend themselves against criticisms of the company’s safety record and its lackluster financial performance. The results of the shareholder vote, which are preliminary, were announced Thursday morning at a virtual company annual meeting.

Persons: Ancora Organizations: Norfolk Locations: Norfolk Southern, Cleveland, East Palestine , Ohio

☆ How to survive sleeping with a sleep talker
▼ + stars: | 2024-05-09 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +6 min

“There are some things you, the bed partner, can do to save your sleep,” Schenck said. Medications to treat depression, and other mental health disorders, high blood pressure, seizures, asthma and, oddly, other sleep disorders can also cause sleep talking, according to the Cleveland Clinic. “Cut out alcohol so you can share your consideration for the bed partner who is disturbed by your sleep talking.”What causes sleep talking? Sleep talking is a parasomnia, in the same category as sleep terrors, sleep eating, sleep paralysis and sleep sex. Some people who have sleep talking or walking as children do return to the behavior as adults, but many others do not,” he said.

Persons: Carlos Schenck, ” Schenck, “, GERD, Schenck, Jennifer Mundt, ”, Earplugs, Mundt, ” Mundt, Parasomnias Organizations: CNN, American Academy of Sleep, Hennepin County Medical, University of Minnesota, Cleveland Clinic, Northwestern University’s Feinberg School of Medicine Locations: Hennepin, Chicago

☆ Jason and Travis Kelce's parents agreed to postpone their divorce until after their sons finished college
▼ + stars: | 2024-05-09 | by ( Amanda Goh | ) www.businessinsider.com time to read: +3 min

Donna Kelce says she and her ex-husband Ed decided to stay married until their sons finished college. Both parents still regularly attend their sons' NFL games, sometimes with Taylor Swift. AdvertisementDonna Kelce, 71, says she and ex-husband Ed decided to divorce only after their sons Jason and Travis Kelce graduated from college. AdvertisementThe Kelce family lived in Cleveland Heights, Ohio, and both Jason and Travis went on to study and play football at the University of Cincinnati. Even though they have been separated for some time, both parents still regularly attend their sons' NFL games.

Persons: Donna Kelce, Ed, Kelce, Martha Stewart, Taylor Swift, —, Jason, Travis Kelce, Travis, Sofía Vergara, Joe Manganiello, Kevin Costner, Christine Baumgartner, Reese Witherspoon, Jim Toth, Gwyneth Paltrow, Alex Kapp Organizations: NFL, Service, University of Cincinnati, Philadelphia Eagles, Kansas City Chiefs, Bowling Green State University's National, for Family Locations: Cleveland Heights , Ohio

☆ Activist Ancora wins three board seats at Norfolk Southern but falls short of ousting CEO
▼ + stars: | 2024-05-09 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +3 min

Norfolk Southern shareholders on Thursday voted to elect three of dissident Ancora's director nominees but fell short of ousting incumbent CEO Alan Shaw. Norfolk Southern's board had fought hard to stave off Ancora's biggest demand: firing current CEO Alan Shaw. The activist had argued that Norfolk Southern should adopt a model known as precision-scheduled railroading, or PSR, which has delivered impressive shareholder returns at other railroads. Government officials, who had previously voiced their support for Norfolk over Ancora, were momentarily silenced by the reversal. ISS recommended that shareholders support five of Ancora's seven picks but did not recommend electing Ancora CEO pick Jim Barber to the board.

Persons: Alan Shaw, William Clyburn, Sameh Fahmy, Gilbert Lamphere, Ancora, Glass Lewis, Jim Chadwick, Frederick DiSanto, Shaw, Ancora's, Jim Barber, Ancora's Chadwick, DiSanto Organizations: Norfolk Southern, Shareholders, Norfolk, ISS, PSR, Government, Labor, Cleveland Locations: . Norfolk, Ohio, Ancora

☆ The judge in Trump's classified documents case just gave him exactly what he wanted — again
▼ + stars: | 2024-05-08 | by ( Katherine Tangalakis-Lippert | Kelsey Vlamis | ) www.businessinsider.com time to read: +6 min

Judge Aileen Cannon on Tuesday delayed Donald Trump's classified documents case indefinitely. AdvertisementUS District Judge Aileen Cannon handed former President Donald Trump yet another legal win when she delayed his classified documents case indefinitely on Tuesday. It's just the latest legal win for Trump in the classified documents case handed to him by Cannon. Ty Cobb, a former Trump White House attorney, told CNN on Tuesday that Cannon's latest decision was "a combination of bias and incompetence." In light of Cannon's latest delay, Kalir said it was not surprising given her prior actions on the case.

Persons: Aileen Cannon, Donald Trump's, It's, —, Donald Trump, Cannon, Trump, Jack Smith's, Canon, Katie Charleston, Justice Department —, Paula Reid, Judge Cannon, I'm, She's, aren't, Ty Cobb, galvanizes, Charlie Kolean, Kolean, Tre Lovell, it's, Doron Kalir, Fani Willis, Nathan Wade, Kalir Organizations: Trump, Service, Business, Justice Department, FBI, Mar, Appeals, Associated Press, Court, Trump White House, CNN, RED PAC, Cleveland State University College of Law Locations: Lago, Southern Florida, Trump's, South Florida, Georgia, New York

☆ A gut health dietitian shares her 4 favorite fiber-filled, minimally processed Costco snacks
▼ + stars: | 2024-05-08 | by ( Kim Schewitz | ) www.businessinsider.com time to read: +5 min

When dietitian Megan Hilbert buys snacks she looks for minimally processed whole foods. AdvertisementA gut health dietitian shared the four healthy snacks she buys on repeat from Costco. Studies have found that a more diverse microbiome is a healthier one, and this is important because research increasingly shows that gut health is linked to overall health. 'That's It' dried fruit barHilbert and her partner are big fans of Costco's "That's It" fruit bars. AdvertisementAs the name suggests, they contain only dried fruit with no added sugar or other ingredients.

Persons: Megan, Hilbert, —, Megan Hilbert, hasn't Organizations: Costco, Service, Northeastern University's Network Science Institute, Cleveland Clinic, Kirkland Locations: UPFs

☆ Activist Investor Seeks to Force Out Norfolk Southern’s Management
▼ + stars: | 2024-05-08 | by ( Peter Eavis | ) www.nytimes.com time to read: +1 min

After one of Norfolk Southern’s freight trains derailed last year, spilling hazardous chemicals in an Ohio town, the company’s leaders were assailed by lawmakers, regulators and angry residents, an onslaught the executives managed to survive. But Norfolk Southern’s management faces a fresh challenge this week from an investment firm that is asking shareholders to vote to replace the company’s chief executive, Alan Shaw, and appoint new directors to its board. The campaign by Ancora, a Cleveland investment firm, invokes the accident in East Palestine, the Ohio town, but its main aim is to overhaul Norfolk Southern’s business strategy to bolster its profits. The company’s leaders are vulnerable because Norfolk Southern’s stock price and profit margins lag those of its peers. Ancora’s plan in large part rests on cutting costs and making the company’s 19,100-mile rail network run more efficiently.

Persons: Alan Shaw, Ancora’s Organizations: Norfolk Locations: Norfolk, Ohio, Cleveland, East Palestine

☆ Palantir made a ton of money this year thanks to strong US demand. But don't expect much growth in Europe.
▼ + stars: | 2024-05-07 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. We are on fire," said Palantir CEO Alex Karp on Monday's earnings call. International commercial revenue for the first quarter was $149 million — down 3% from the prior quarter, but up 16% year-on-year. And international government revenue was down 9% from the prior quarter, to $79 million — though up 33% year-on-year. Karp addressed the matter in the call as well, saying Palantir is the first call for Western allies in global conflicts.

Persons: —, Alex Karp, Palantir's, General Mills, Karp, Dave Glazer, Glazer, Palantir, it's Organizations: Service, Business, Cleveland Clinic, General, DC Locations: Denver , Colorado, Europe, Israel, Ukraine, America, Palestine, Washington

☆ Genes known to increase the risk of Alzheimer’s may actually be an inherited form of the disorder, researchers say
▼ + stars: | 2024-05-06 | by ( Brenda Goodman | ) edition.cnn.com time to read: +10 min

Among people diagnosed with Alzheimer’s, researchers recognize familial forms of the disease and sporadic cases. This shifting appreciation of inherited risk, researchers say, is due to a better understanding of the role of a fourth gene that carries the blueprints to make a lipid-carrying protein called apolipoprotein E, known as APOE. One known as APOE2 is thought to be protective against the development of Alzheimer’s disease. They also compared people with two copies of APOE4 to people with other inherited forms of the disease — early-onset autosomal dominant Alzheimer’s disease (ADAD) and Down syndrome-associated Alzheimer’s disease (DSAD). Gene testing isn’t currently recommendedIt is also likely to change how people who carry the APOE4 gene are diagnosed and treated.

Persons: APOE4, ”, Dr, Juan Fortea, Sant, Fortea, Charles Bernick, Bernick, Alzheimer’s wasn’t, isn’t, they’re, ” Fortea, Sanjay Gupta, Reisa Sperling, “, ” Sperling, ” Dr, Sterling Johnson, Johnson Organizations: CNN, Nature, National Alzheimer’s Coordinating, Neurology, Hospital de, Cleveland Clinic Lou, Brain Health, CNN Health, Alzheimer’s Research, Brigham, Women’s, Alzheimer’s, University of Wisconsin Locations: Alzheimer’s, Spain, United States, Santa, Barcelona, Wisconsin

☆ A full-time Cleveland Uber driver who took home $17,000 in 2023 shares why the full-time gig isn't worth the money anymore
▼ + stars: | 2024-05-05 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

Read previewGeorge, a full-time Uber driver in Cleveland, was once quite satisfied with his ride-hailing gig. The 40-year-old, who has been driving for Uber since 2017, is considering quitting and becoming a truck driver, he previously told Business Insider via email. This story is available exclusively to Business Insider subscribers. George is one of several Uber and Lyft drivers who have told Business Insider their gigs are less profitable than they were a few years ago. AdvertisementMany ride-hailing drivers are actively tracking their income and expenses to make sure driving is worth their time.

Persons: —, George, Uber, he's, He's, Patrick's, aren't, they've, hasn't, Roger Kaiser Organizations: Service, Uber, Business, BI Locations: Cleveland

☆ Evacuations ordered, homes damaged in Texas as rivers surge to Hurricane Harvey levels. And more rain is on the way
▼ + stars: | 2024-05-03 | by ( Mary Gilbert | Joe Sutton | ) edition.cnn.com time to read: +9 min

A total of 1,000 homes are in a mandatory evacuation zone in the county, Polk County Judge Sydney Murphy told CNN. “Due to continuous rainfall across East Texas and rising levels in creeks and rivers, flood levels may increase. Please remain aware of changing flood levels along the Trinity River and ALL low-lying levels. Greg Abbott expanded the storm-related declarations in response to the flooding, according to a news release. The repeated bouts of heavy rainfall soaked soils, making many areas extremely prone to both flash and river flooding.

Persons: Hurricane Harvey, ” Emmitt Eldridge, Eldridge, ”, •, ” Sherri Pegoda, Walker, Pegoda, ” Pegoda, “, Sydney Murphy, Harvey, ” Harris, Lina Hidalgo, Greg Abbott, Hawley –, Bret Hendrickson, Brad Wilson, Hawley, CNN’s Allison Chinchar, Sara Tonks, Ray Sanchez, Andy Rose, Joe Sutton, Paradise Afshar Organizations: CNN, Panhandle, The Coast Guard, Texas Emergency Hospital, Coast Guard, Texas Children’s Hospital, Texas, Gov, San, Harvey, Storm Prediction, Hawley Police, Hawley Independent School, LSM, National Weather Service Locations: Texas, Houston, Gulf, East Texas, Hurricane, South Texas, San Jacinto County, Dallas, • Walker County, Walker County, • Polk County, Polk County, • Harris, San Jacinto, Hidalgo, Harris County, Crosby, Liberty County, Cleveland , Texas, Montgomery County, Livingston , Texas, Trinity, –, Abilene, Hodges, Hawley, Hawley , Texas, Hodges , Texas, Louisiana, Groveton , Texas, Paradise

☆ Alysia Montaño is set to be upgraded to a bronze medal after her rivals doped. That still feels like a ‘stab in the gut’
▼ + stars: | 2024-04-30 | by ( George Ramsay | ) edition.cnn.com time to read: +9 min

Receiving a first Olympic medal is supposed to be a momentous and exhilarating occasion for every athlete but not Alysia Montaño. “A stab in the gut, in the heart, really,” is how she describes her supposed moment of triumph. In the days after learning that she could be awarded a bronze medal, Montaño says that her emotions oscillated from joy to sadness to something akin to grief. Savinova celebrates her winning gold at the London Olympics, a title of which she was later stripped. Montaño being awarded her bronze medal from the 2013 world championships in 2019.

Persons: vacantly, “, ” Montaño, – Mariya Savinova, Ekaterina Guliyev, Ekaterina Poistogova, Pamela Jelimo, Montaño, Stu Forster, Savinova, Guliyev, Olivier Morin, huff, –, Adam Nelson, Mustafa Abumunes, ”, wouldn’t Organizations: CNN, Doping Agency, London Olympics, Getty, Athletics Integrity Unit, Turkish Athletic Federation, London, Doha, Clif, ” CNN, International Olympic Committee, US Olympic, Paralympic, New York Times, Nike Locations: Cleveland, American, London, Russia’s, Turkey, AFP, Qatar, Los Angeles, Burger, Paris

☆ A Cleveland Uber driver who made $109,000 in 2023 but took home only $17,000 shares the 3 reasons he can't quit ride-hailing: 'I continue to run into a brick wall'
▼ + stars: | 2024-04-29 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

A Cleveland Uber driver made over $109,000 in gross earnings last year but took home only $17,000. He said Uber driving had become less profitable but that he wasn't sure he could find a better job. AdvertisementGeorge, a full-time Uber driver in Cleveland, wants to quit his ride-hailing gig. Last year, George made more than $109,000 in gross earnings as an Uber driver, according to documents viewed by BI. But after Uber's commissions, car maintenance, gas, and miscellaneous driving expenses were accounted for, he took home roughly $17,000, about 16% of his gross earnings.

Persons: Uber, —, George, he'd, isn't, that's, There's, He's Organizations: Service, Uber, BI, of Labor Statistics, BLS Locations: Cleveland, Minneapolis, Minnesota, Twin Cities

☆ Is Driving for Uber Worth It? One Driver Says His Pay Is Declining.
▼ + stars: | 2024-04-29 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

A Cleveland Uber driver made over $109,000 in gross earnings last year but only took home $17,000. He said Uber driving has become less profitable but that he's not sure he can find a better job. AdvertisementGeorge, a full-time Uber driver in Cleveland, wants to quit his ride-hailing gig. In 2023, George made more than $109,000 in gross earnings as an Uber driver, according to documents viewed by BI. Many ride-hailing drivers, like George, are actively tracking their income and expenses to make sure driving is worth their time.

Persons: Uber, he's, —, George, haven't, isn't, he'd, that's, There's, He's Organizations: Service, Uber, BI, of Labor Statistics, BLS Locations: Cleveland, Minneapolis, Minnesota, Twin Cities

☆ NBA stars are scoring big in the fashion world
▼ + stars: | 2024-04-29 | by ( Nick Remsen | ) edition.cnn.com time to read: +9 min

Basketball players’ style — largely in the men’s league, but increasingly the women’s too — has become a bonafide pillar in fashion media and consumption. Basketball players’ style has more eyes on it than any other sport, the Pulitzer Prize-winning author Mitchell S. Jackson told CNN. “(The league) was the first to embrace it,” Jackson, author of the recently released photobook “Fly: The Big Book of Basketball Fashion,” explained. “Basketball players are so much a part of American culture. Bettman/Getty Images/Courtesy Workman“We talk a lot about current NBA tunnel style, but the league has been America’s most stylish for decades,” Schube continued.

Persons: Tyrese Haliburton, Pepper Robinson, Ron Hoskins, NBAE, — Tyrese Haliburton, —, Pharrell Williams, Birkin, it’s, Shai Gilgeous, Alexander, Russell Westbrook, LeBron James, Josh Giddey, Tyler Herro, “, Marcus Paul, Luka Dončic, ” There’s, Caitlin Clark, Prada, Sam Schube, Thom Browne, AJ Mast, Tyler Ross, Workman, Virgil Abloh, Louis Vuitton, Williams, Kim Kardashian’s, Donovan Clingan, Caleb Love, Hunter Dickinson, Jared McCain, Duke, Robert Dillingham, Paxson Wojcik, Mitchell S, Jackson, ” Jackson, ”, LeBron, Michael Jordan, Jordan, Jackson’s, Peggy Sirota, who’ve, Stephen “ Steph ” Curry, Curry, Steph Curry, Jed Jacobsohn “, ’ ” Curry, ” Curry, “ I’m, Kyle Kuzma, Timothée, Johnson, Andrew D, Bernstein, Walt Frazier, Bettman, ” Schube, “ Allen Iverson, Phil Jackson, Pat Riley, Armani, Walt Fraziers, Wilt Chamberlain’s, Fatih Aktas, ‘, ’ ”, …, they’d, ” Gilgeous, Alexander —, haven’t Organizations: Indiana Pacers, Basketball, Gilgeous, CNN, GQ, Cleveland Cavaliers, New York Times, Los Angeles Lakers, Oklahoma City Thunder, NBA, UConn, UNC, “ Basketball, Golden State Warriors, Fashion Council, Savant, State, GQ Sports, ’, Workman New York Knicks, Royce, Anadolu Agency, Getty, Civil, Nike Locations: Haliburton, Arizona, Kansas, Robert Dillingham ( Kentucky, Chicago , Illinois, Gilgeous

Thankfully, there are still a few avenues for how to get Billy Joel tickets for his 2024 concert tour and remaining MSG shows. We've got you covered if you're looking for how to buy tickets to Billy Joel's 2024 concert tour. Here's our breakdown of the "Billy Joel in Concert" 2024 tour schedule, purchasing details, and original and resale ticket prices. Billy Joel 2024 tour scheduleBilly Joel's 2024 concert tour is well underway, with only a few more chances to see him play at Madison Square Garden before his residency concludes. How to buy tickets for Billy Joel's 2024 concert tourYou can currently buy standard original tickets for Billy Joel's 2024 concerts through Ticketmaster.

Persons: Billy Joel, We've, Billy Joel's, Joel, you'll, Sting's, Sting, Billy Joel hasn't, Stevie Nicks, Rod Stewart, Louis, Chris Isaak Organizations: Business, New, Madison, Garden, year's, Ticketmaster, MSG, Sting, Cardiff Locations: Madison, New York City, United States, Las Vegas , Nevada, Vienna, Chicago, Denver, Cleveland, St, Louis, Inglewood, San Antonio, Las Vegas, York City, NY, Seattle, WA, Cardiff, Wales, CA, Antonio, Denver ,, Cardiff , Wales

☆ LeBron James scores 30 points as Los Angeles Lakers earn a ‘lifeline’ against Denver Nuggets
▼ + stars: | 2024-04-28 | by ( Aimee Lewis | ) edition.cnn.com time to read: +1 min

CNN —LeBron James scored 30 points as the Los Angeles Lakers avoided a first-round elimination in the Western Conference playoff series against the Denver Nuggets. Four-time NBA champion James rose to the occasion, as did Anthony Davies, who had 25 points and 23 rebounds in the 119-108 win in LA. It was the Lakers’ first victory over the Nuggets since December 2022, ending Denver’s 11-game winning streak in the fixture. “We’ve given ourselves another lifeline, and it’s a one-game series for us,” James told reporters. Game 5 will be held in Denver Monday and the defending champion, leading the best-of-seven series 3-1, could secure the series on home soil.

Persons: LeBron James, James, Anthony Davies, “, ” James, you’re, Nikola Jokić Organizations: CNN, Los Angeles Lakers, Western Conference, Denver Nuggets, Lakers, Nuggets, Boston Celtics, Miami Heat, Oklahoma City Thunder, New Orleans Pelicans, Orlando Magic, Cleveland Cavaliers Locations: LA, Denver

☆ 2024 NFL Draft: 5 quarterbacks taken in the top 10 of the NFL Draft for the first time ever
▼ + stars: | 2024-04-25 | by ( Ben Morse | ) edition.cnn.com time to read: +8 min

CNN —The 2024 NFL Draft has kicked off with the Chicago Bears selecting USC quarterback Caleb Williams with the first overall pick on Thursday night. Earlier Thursday, NFL spokesperson Brian McCarthy said on X 150,000 fans are in attendance at the draft. Here’s everything you need to know about the 2024 NFL Draft. How to watchThe 2024 NFL Draft will be held in Detroit across three days in the downtown area surrounding the Campus Martius Park and Hart Plaza. Pass-catching game-changersAccording to the NFL’s draft expert Daniel Jeremiah and his rankings of the 2024 draft prospects, three of the four best players are wide receivers, and 12 of the top 50 play the position.

Persons: Caleb Williams, Williams, Roger Goodell, Brian McCarthy, USC’s Williams, Kyler Murray, Tom Pennington, Justin Fields, Jayden Daniels, Daniels, Carolina’s Drake Maye, Maye, Lance Zierlein, shouldn’t, ” Daniels, Jonathan Bachman, Michael Penix Jr, JJ McCarthy, Bo Nix, Daniel Jeremiah, Marvin Harrison Jr, Pro Football Hall of Famer Marvin Harrison, Harrison Jr, Pro Bowler, Carmen Mandato, Zierlein, Rome, LSU’s Malik Nabers, Odunze, Larry Fitzgerald, Nabers, Justin Jefferson, Brian Thomas Jr, Adonai Mitchell, Xavier Worthy, Georgia’s Ladd McConkey Organizations: CNN, Chicago Bears, Bears, Hart, NFL Network, ESPN, ESPN2, ESPN Deportes, NFL, Heisman, USC, The Bears, Washington, LSU, New England Patriots, UNC, LSU Tigers, Atlanta Falcons, University of Washington, Minnesota Vikings, New York Jets, Michigan, Denver Broncos, Oregon, Pro Football Hall of Famer, Arizona Cardinals, Ohio State, Indianapolis Colts, New York Giants, of Famer, Getty, Los Angeles Chargers, Tennessee Titans, Las Vegas Raiders, New, New Orleans Saints, Seattle Seahawks, Jacksonville Jaguars, Cincinnati Bengals, Los Angeles Rams, Pittsburgh Steelers, Miami Dolphins, Philadelphia Eagles, Dallas Cowboys, Green Bay Packers, Tampa Bay Buccaneers, Buffalo Bills, Detroit Lions, Baltimore Ravens, San Francisco 49ers, Kansas City Chiefs Locations: Detroit, Baton Rouge, Texas, Carolina, New Orleans, Cleveland, Houston

☆ N.F.L. Draft Is Like Super Bowl for City of Detroit
▼ + stars: | 2024-04-25 | by ( Ken Belson | ) www.nytimes.com time to read: +1 min

took its college draft on the road a decade ago, its first stops were Chicago, Philadelphia and Dallas, three of the league’s biggest markets. Unlike the N.F.L.’s marquee event, the Super Bowl, the draft does not require extensive public subsidies, hotels and security. in recent years to award the draft to Cleveland, Kansas City, Mo., and other cities that have never, and may never, host a Super Bowl. Detroit hosted the Super Bowl in 2006, as a reward to the Lions for moving into a new stadium. They also hope the three days of exposure on television showcases the city to fans who might not otherwise visit.

Organizations: Detroit, Lions Locations: Chicago, Philadelphia, Dallas, Manhattan, Cleveland , Kansas City, Mo, Detroit

☆ Late Night Tackles Trump’s Gag Order Hearing
▼ + stars: | 2024-04-24 | by ( Trish Bendix | ) www.nytimes.com time to read: +1 min

“He violated the gag order during a hearing about whether he violated the gag order!” — JIMMY KIMMEL“Judge Merchan told Trump’s lead attorney — a guy named Todd Blanche — that his arguments didn’t make sense, that he ‘presented nothing’ and that he was losing ‘all credibility with the court.’ To his credit, Blanche fired back. He said, ‘Your honor, I lost all credibility when I agreed to represent Donald Trump! That is not an issue.’” — JIMMY KIMMEL“Fortunately, Trump didn’t hear any of it. Or, as the rest of the world calls it, a job.” — JORDAN KLEPPER“I love hearing him complain about how cold it is. Someone should knit him a little pair of mittens to wear into court.” — JIMMY KIMMEL

Persons: “, JIMMY KIMMEL, Merchan, Trump’s, —, Todd Blanche —, ‘, ’, Blanche, Donald Trump, ’ ”, Trump, Van Winkle, ” — JIMMY KIMMEL “, Cleveland, it’s, ” — JORDAN KLEPPER “, ” — JIMMY KIMMEL

☆ Why the Fed keeping rates higher for longer may not be such a bad thing
▼ + stars: | 2024-04-24 | by ( Jeff Cox | ) www.cnbc.com time to read: +7 min

So the question is, are we going to have issues if rates remain higher for longer?" But financial markets, despite a recent 5.5% selloff for the S&P 500, have largely held up amid the higher-rate landscape. Higher rates can be a good signHistory tells differing stories about the consequences of a hawkish Fed, both for markets and the economy. Higher rates are generally a good thing so long as they're associated with growth. Futures market pricing implies a fed funds rate of 4.32% by December 2025, indicating a higher rate trajectory.

Persons: Jerome Powell, Mandel Ngan, Quincy Krosby, Krosby, Paul Volcker, David Kelly, Kelly, —, Goldman Sachs, Loretta Mester Organizations: Federal Reserve, Financial, Afp, Getty, LPL, Fed, Asset Management, Market, Cleveland Fed, European Union Locations: Washington , DC

☆ We have the liquidity to pursue further share buybacks, says Cleveland-Cliffs CEO
▼ + stars: | 2024-04-23 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe have the liquidity to pursue further share buybacks, says Cleveland-Cliffs CEOLourenco Goncalves, Cleveland-Cliffs CEO, joins 'Closing Bell Overtime' to talk quarterly results, share buybacks, the U.S. Steel-Nippon deal and more.

Persons: Lourenco Goncalves Organizations: Cliffs, U.S . Steel, Nippon Locations: Cleveland

☆ Stocks making the biggest moves midday: Spotify, JetBlue, Danaher, General Motors and more
▼ + stars: | 2024-04-23 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

General Motors — Shares rose more than 4% after the automaker exceeded analysts' expectations for its first-quarter results . General Motors posted adjusted earnings of $2.62 per share on revenue of $43.01 billion. Danaher — The life sciences firm popped more than 7% after beating analysts' expectations for its first-quarter results. Spotify — The streaming music company surged 16% after easily topping earnings expectations . KeyBanc Capital Markets downgraded Sunnova Energy to sector weight from overweight, citing caution on residential solar names particularly ahead of first-quarter earnings.

Persons: General Motors, JetBlue's, LSEG, Nucor, Danaher, Sherwin, Williams, Sunnova, LKQ, MSCI, — CNBC's Michelle Fox, Sarah Min, Jesse Pound Organizations: General Motors, General, GE Aerospace —, GE, PepsiCo, Novartis, JetBlue Airways —, Spotify, JPMorgan, Sunnova Energy, KeyBanc, FactSet Locations: U.S, LSEG . Cleveland, Cleveland

☆ Stocks making the biggest premarket moves: General Motors, GE Aerospace, Novartis, JetBlue and more
▼ + stars: | 2024-04-23 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

The results were better than analysts' expectations of 65 cents per share on revenues of $15.14 billion, according to LSEG. UPS posted $1.43 adjusted earnings per share while analysts had estimated $1.29 earnings per share, according to LSEG. Danaher — The life sciences firm popped more than 8% after beating analysts expectations for its first-quarter results. Spotify — Shares rallied 8.4% after the music streaming company's first-quarter revenues beat analysts' expectations. Sherwin-Williams reported adjusted earnings per share of $2.17, missing the FactSet consensus estimate of $2.22.

Persons: General Motors, Nucor, Danaher, Lockheed Martin, LSEG, Sherwin, Williams, — Hakyung Kim, Tanaya Macheel, Alex Harring, Jesse Pound, Lisa Han Organizations: General, GM, GE Aerospace —, United Parcel Service, UPS, Pepsico —, Pepsico, Novartis — U.S, JetBlue Airways —, JetBlue, Wall Street, SAP — U.S, SAP, Revenue, Lockheed, —, Spotify Locations: Swiss, Wall Street Cleveland

☆ Watch CNBC's full interview with Cleveland-Cliffs CEO Lourenco Goncalves
▼ + stars: | 2024-04-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Cleveland-Cliffs CEO Lourenco GoncalvesLourenco Goncalves, Cleveland-Cliffs CEO, joins 'Closing Bell Overtime' to talk quarterly results, share buybacks, U.S. Steel-Nippon deal and more.

Persons: Lourenco Goncalves Lourenco Goncalves Organizations: Cliffs, U.S . Steel, Nippon Locations: Cleveland, U.S

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