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Other opportunities for investors to participate in spinoffs will be coming soon. If a company spins off a company in a different sector, the new stock tends to outperform because it's likely undervalued. Winners and upcoming beneficiaries Roth MKM also recently highlighted spinoff stocks' outperformance over the past year. GE Vernova is one of its current favorite spinoff stocks — which the company said to "buy buy buy." Industrial company Esab , a Swedish-American company that makes welding and cutting equipment, is another spinoff beneficiary, according to Roth MKM.
Persons: Morgan Stanley, Todd Castagno, Wolfe, Roth MKM, Roth, Esab, Sylvamo, JC O'Hara, Baxter, Edwards Lifesciences, Edwards, — CNBC's Michael Bloom Organizations: General Electric, GE Vernova, Wolfe Research, Baxter International, Unilever Locations: Swedish, American, Enovis, Memphis, Latin America, Veralto
A Florida-based Gen Xer made over $300,000 in 2023 secretly working multiple remote tech jobs. AdvertisementIn 2021, Robert was making roughly $180,000 a year from his tech job, but when his workflow slowed, he feared a layoff may be coming soon. AdvertisementThe Gen Xer, a Florida resident, is among the "overemployed" Americans who are secretly working multiple remote jobs to boost their incomes. Aside from family and travel, Robert said he spends most of his money on food and his home. Are you working multiple remote jobs at the same time and willing to provide details about your pay and schedule?
Persons: Xer, , Robert, who've, hasn't, it's, He's, he's Organizations: Service, BI, Business Locations: Florida, Yellowstone, Las Vegas
Central bankers chose to keep interest rates steady, and Powell said a rate hike was "unlikely." Fed officials chose to keep interest rates unchanged, in line with the market's expectations. Investors have been fretting over higher interest rates as inflation came in hotter-than-expected throughout the first quarter. The odds of a Fed rate hike in June are less than 1%. Calling that out in the first paragraph is tantamount to saying that interest rate cuts are not coming soon."
Persons: Powell, , Greg McBride, Bankrate, Charlie Ripley Organizations: Service, Federal Reserve, Nasdaq, Fed, Allianz Investment Management
Elon Musk made a surprise visit to China, meeting officials and striking a deal with Baidu. The deal brings Tesla a step closer to introducing its self-driving features in cars sold in China. AdvertisementElon Musk's surprise visit to China appears to have paid off. Elon Musk was taken by minibus to his private jet at Beijing airport on Monday after a surprise visit to China. Musk's battle planMusk's China visit came amid tough times for Tesla.
Persons: Elon Musk, Tesla, , Elon Musk's, Narendra Modi, Musk, Li Qiang, Greg Baker, Dan Ives, Wall, Telsa, Musk's, he's Organizations: Baidu, Service, Tesla, Bloomberg, EVs, Getty, Bloomberg TV, Business Locations: China, Beijing, India, AFP
It was the early 1970s, and we had set up our little company, Cyclops Films, at 1600 Broadway. We were equipped with a newly purchased Éclair NPR, a Nagra recorder and our infatuation with cinéma vérité. We were approached by Jack Willis at WNET, who had just started a series called “The 51st State,” a news and documentary show about the New York City metro area. We lucked out and found affable people who opened up almost immediately. It was fun to make, and fun to watch again after all these years.
Persons: cinéma vérité, Jack Willis, , Organizations: Cyclops, NPR, WNET, New Locations: New York City
At stake is the role of a wide spectrum of players, from fintech firms to card companies and established banks. Walmart's Fintech startup One is now offering BNPL loans in Secaucus, New Jersey. Buy now, pay later has gained popularity with consumers for everyday items as well as larger purchases. A Capital One Walmart credit card sign is seen at a store in Mountain View, California, United States on Tuesday, November 19, 2019. Meanwhile, Walmart said last year when its lawsuit became public that it would soon announce a new credit card option with "meaningful benefits and rewards."
Persons: Joe Raedle, Goldman Sachs, Omer Ismail, Hugh Son, BNPL, Jason Mikula, Amazon's, Karma, John Furner, John David Rainey, Dot, " Rainey, Rainey, Morgan Stanley, Walmart's, Yichuan Cao Organizations: Walmart, Getty, CNBC, New Jersey Walmart, Apple, Electronics, Adobe Analytics, Bank of Walmart, Robinhood, Walmart U.S, Coastal Community Bank, Capital, PayPal Locations: Hallandale Beach , Florida, Bentonville , Arkansas, Manhattan, Secaucus , New Jersey, New Jersey, U.S, Mountain View , California, United States
Israel and the US expect a potential Iranian attack following a strike on Iran's embassy in Syria. The incident has escalated the long-standing proxy war between Israel and Iran. Despite threats of a direct attack on Israel, Iran won't want a war involving the US. A long-standing proxy warThe airstrike on April 1 marked an escalation in the long-standing proxy war between Israel and Iran. Related storyIf ballistic missiles or drones do target Israel, Israel would respond, and the US has made it clear it would support it.
Persons: , Ali Khamenei, Israel, Joe Biden, Benjamin Netanyahu, Axios, Hossein Amir, Abdollahian, Jake Epstein, Saeid Jafari, Ali Sadrzadeh, Sadrzadeh, Qassem Soleimani, Khameini, Hassan Rouhani Organizations: Service, Islamic Revolution Guard Corps, Iranian, Street Journal, Reuters, Atlantic Council, Israel, BBC News Locations: Israel, Syria, Iran, Damascus, Gaza, Lebanon, Yemen, Washington, Tehran, Iraq
In August 2022, former WeWork cofounder Adam Neumann announced he was back, starting a new company called Flow to transform apartment living. I spoke with residents and staff, but my many requests to speak on the record with Neumann himself were always rebuffed. Whatever happens with Flow, Neumann will always be remembered for WeWork, which he resigned from in 2019. The launch occurs as Neumann is trying to buy back his bankrupt former company for more than $500 million. I think people are skeptical of how Flow is a tech company.
Persons: Adam Neumann, Andreessen Horowitz, Neumann, Neumann's WeWork, it's, We're, we're, It's, WeWork, You've, Ben, Horowitz Organizations: Business Locations: Fort Lauderdale , Florida, South Florida, Fort Lauderdale, Miami
Bhatia was six shots clear when he made the turn at the Valero Texas Open on Sunday. Nine holes later, he headed into a sudden-death playoff nursing a shoulder that had just popped out of its socket. Bhatia celebrates the birdie putt that forced McCarthy into a playoff, dislocating his shoulder in the process. Bhatia rolled in for birdie once more to clinch his first PGA Tour title since the Barracuda Championship last year and $1.6 million in prize money. 30 McCarthy, who fell narrowly short of a dramatic first PGA Tour crown.
Persons: Akshay Bhatia, Bhatia, Denny McCarthy, McCarthy, Rory McIlroy, ” Bhatia, Raj Mehta, physio Aki Tajima, McCarthy’s, , , it’s, “ Denny, I’m, ” McCarthy Organizations: CNN, Valero Texas, Barracuda, Augusta, Augusta National Locations: San Antonio, California, Texas
February 2022: Lohan shares a photo of herself and Shammas for Valentine's Day"My forever Valentine," Lohan captioned the picture of her and Shammas snuggling together. November 2022: Lohan and Shammas make their red carpet debutLindsay Lohan and Bader Shammas at the "Falling for Christmas" premiere on November 9, 2022. Bryan Bedder/Stringer/Getty ImagesIn November 2022, Shammas accompanied Lohan to a fan screening of her movie "Falling For Christmas," marking their red carpet debut. April 2023: Lohan and Shammas commemorate their anniversary in a joint Instagram postAlongside a photo of her embracing Shammas on a beachside cliff, Lohan wrote: "1 year today... AdvertisementMarch 2024: Lohan and Shammas attend the Vanity Fair Oscar Party togetherLindsay Lohan and Bader Shammas at the Vanity Fair Oscars Party.
Persons: , Lindsay Lohan, Bader Shammas, Lohan, Instagram, Shammas, Lohan's, bader, Valentine, Jimmy Fallon, Fallon, BI's Gabi Stevenson, Dina, Aliana, Dakota, Bryan Bedder, Stringer, we're, they've, Luai, James Devaney, Steve Granitz, Fair's Organizations: Service, Business, Twitter, Credit Suisse's, Wealth Management, Netflix Locations: Dubai, New York, London, New York City
CCDH researchers tested AI image generators Midjourney, Stability AI’s DreamStudio, OpenAI’s ChatGPT Plus and Microsoft Image Creator. They found that each tool could be prompted to create misleading images related to either US presidential candidates or voting security. The researchers also used common “jailbreaking” techniques to try to get around any potential restrictions on creating misleading images. Overall, researchers say they found that the AI image generators created election disinformation in 41% of their test runs. Overall, the platforms were more likely to produce misleading images related to voting and ballots than of candidates.
Persons: David Holz, Donald Trump, CCDH, Trump, Joe Biden, Midjourney, Biden, ” DreamStudio, , Organizations: New, New York CNN, CNN, Microsoft, BBC, Trump, Locations: New York, United States, American
Donald Trump’s (Sorta) Super Tuesday
  + stars: | 2024-03-05 | by ( Susan Milligan | March | At P.M. | ) www.usnews.com   time to read: +5 min
"Donald Trump is going to be the recipient of a [large] delegate number tonight. Trump won Alabama, Arkansas, California, Colorado, Massachusetts, Maine, Minnesota, North Carolina, Oklahoma, Tennessee, Texas and Virginia, with results from Alaska and Utah yet to come. “If Donald Trump returns to the White House, all of this progress is at risk. In Virginia, Haley got 35% of the GOP primary vote and posted similar numbers in Massachusetts. Haley had strong fundraising numbers in January and February, but it's possible the money will dry up after Trump's Super Tuesday wins.
Persons: Joe Biden, Donald Trump, Trump, Nikki Haley, Haley, wasn't, David Plouffe, Barack Obama's, Plouffe, revel, Biden, ” Biden, , implode, Lara Trump Organizations: South Carolina, Trump, MSNBC, Hawkeye State, Republican, Alabama, White, GOP, Oklahoma, Biden, Massachusetts, Old Dominion, Trump's Super, Republican National Committee Locations: Vermont, Iowa, Hawkeye, Arkansas , California , Colorado , Massachusetts, Maine, Minnesota, North Carolina , Oklahoma , Tennessee , Texas, Virginia, Alaska, Utah, Lago, Alabama , Arkansas , California , Colorado , Iowa , Massachusetts, North Carolina , Oklahoma , Tennessee , Texas , Utah, California, Massachusetts, Gaza, North Carolina, Old
Since the Dutch original, De Verraders, first premiered in 2021, English-language versions have spread across global television, most notably with The Traitors (US) and The Traitors (UK). Below, we'll show you all of your watch options for both versions, including where to watch The Traitors online for free. Shop at ExpressVPNWhere to watch The Traitors (UK) in the USPeacock is also the US home of The Traitors (UK). Shop at Peacock TVWhere to watch The Traitors (UK) in the UKThe Traitors (UK), hosted by Claudia Winkleman, airs on BBC One in the UK. Where to watch The Traitors (UK) free from anywhereIf you're not in the UK at the moment, a VPN (virtual private network) will be your best bet for access to free episodes.
Persons: Verraders, Pete, Alan Cumming, Peacock, ExpressVPN, Claudia Winkleman, you'll Organizations: Business, Mafia, BBC Locations: Australia, Australian
Read previewInvestors can now get paid to buy and hold cheap stocks that are ready for a revival anyway. However, the group has disproportionately suffered under the weight of higher interest rates. He added: "We believe it could be an opportune time for investors to consider adding exposure to YARP stocks within portfolios." BMO Capital Markets"These trends provide another layer of support for YARP stocks to outperform in the coming months," Belski wrote. BMO Capital Markets17 reasonably priced stocks with strong yieldsBelow are 17 outperform-rated stocks that have a cheaper forward earnings multiple, as well as a higher dividend yield and higher growth rates than their index, according to BMO Capital Markets.
Persons: , Brian Belski, Belski Organizations: Service, Companies, BMO Capital Markets, Business, BMO, Markets Locations: Montreal
And the rise of generative AI chatbots is giving people new and different ways to look up information. A recent study by German researchers suggests the quality of results from Google, Bing and DuckDuckGo is indeed declining. But they have their own issues: Because the tech is so new, there are concerns about AI chatbots’ accuracy and reliability. If you want to try the AI way, here's a how-to:Photos You Should See View All 33 ImagesWHERE DO I FIND AI SEARCH TOOLS? A slew of startup AI search sites have emerged, but they aren't as easy to find.
Persons: — It's, Bing, Bard, There’s, Andi, Phind, , Taylor Swift, Perplexity, Microsoft's Copilot, , Aston Martin —, AskAI, they’re, HuggingChat, Gemini Organizations: Google, Komo, Gemini, Microsoft Locations: U.S, Britain, Switzerland, Europe, You.com, Canada, London, New York
CNBC's Jim Cramer on Monday said he doesn't see a market decline coming soon. After weeks of huge gains for the major indexes, Cramer said this momentum may last longer than some think, and sellers aren't eager to get out just yet. "Without huge chunks of selling, we aren't gonna have that decline," he said. To Cramer, Nvidia stock has hit levels higher than many may have thought possible. "Who wants to walk away from a hot hand, a hot table, a hot dealer and go buy that cashmere sweater I always talk about?"
Persons: CNBC's Jim Cramer, Cramer, haven't, Airbnb, he's Organizations: Nvidia
As Republican Rep. Matt Gaetz continues to circulate a drafted resolution saying former President Donald Trump didn't "engage in insurrection or rebellion against the United States, or give aid or comfort to the enemies thereof," retired DC Metropolitan Police Officer Michael Fanone isn't surprised. "It's another example of Matt Gaetz's endless ass-kissing campaign to ingratiate himself with Donald Trump," he told Business Insider Friday morning. In late January, the Daily Mail reported Gaetz's office had begun sending emails of the resolution to members of the House who've endorsed Trump's reelection campaign. Gaetz has yet to file the resolution, but Politico reported that same day it would likely be coming soon. Ultimately, he said, "I feel betrayed" by Trump supporters and legislators he said are operating out of their self-interests.
Persons: Matt Gaetz, Donald Trump, Michael Fanone isn't, Matt Gaetz's, ingratiate, Gaetz's, who've, Trump's, Gaetz, Trump, Fanone Organizations: Republican, DC Metropolitan Police, Daily Mail, New, Capitol, Politico, Trump Locations: United States, New Republic, America
COOPERSTOWN, N.Y. (AP) — Todd Helton and Joe Mauer will become just the sixth pair of players inducted together into the Hall of Fame after spending their big league careers with one organization. “A lot of things had to go right,” Helton said Thursday during a news conference in the Hall’s plaque gallery alongside Mauer and fellow electee Adrián Beltré. You try to make the team better and you lead, and if they want you there, great. Just 58 of 273 players elected to the Hall spent their entire career with one team. Helton was nervous meeting the Hall of Famer Brett, but is eager to spend time with him, Mike Schmidt and other members this summer.
Persons: — Todd Helton, Joe Mauer, ” Helton, Mauer, Adrián, , Helton, Mickey Mantle, Whitey Ford, Johnny Bench, Carl Yastrzemski, George Brett, Robin Yount, Tony Gwynn, Cal Ripken, Mariano Rivera, Edgar Martinez, Keli McGregor, ” Mauer, , , It’s, Chip, Ty Cobb, Walter Johnson, Christy Mathewson, Honus Wagner, Babe Ruth, Jim Leyland, Juan Marichal, ” Beltré, Marichal, Pedro Martínez, Vladimir Guerrero, David Ortiz, Albert, Pujols, Felipe Alou, Ralph Avila, Pablo Peguero, Larry Walker, of Famer Brett, Mike Schmidt Organizations: of Fame, Rockies, Minnesota Twins, Texas Rangers, Los Angeles Dodgers, Seattle Mariners, Boston Red Sox, Cal, Cal Ripken Jr, Red Sox, Boston, Baseball Writers ’ Association of America, Helton, Dominican, Dodgers, Hall, of Famer Locations: COOPERSTOWN, N.Y, Colorado, St, Paul , Minnesota, Dominican
NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe athleisure brand Lululemon has distanced itself from its founder and former CEO Chip Wilson's comments about diversity. "Chip Wilson does not speak for Lululemon, and his comments do not reflect our company views or beliefs," a spokesperson said in a statement, per The Business of Fashion. AdvertisementWilson founded Lululemon, which is now headed by Calvin McDonald, in Vancouver in 1998 as a "yoga-inspired" company for women.
Persons: Lululemon, Chip Wilson's, Wilson, Elon Musk, Bill Ackman, , You've, Chip Wilson, Chip, Jim Bennett, Getty Wilson, Calvin McDonald Organizations: Forbes, Service, Luluemon, Lululemon, Harvard University Locations: Vancouver, American
ET, OpenAI publicly announced that it had fired Altman over concerns that he was not always truthful with the board. Sam Altman, left, appears onstage with Microsoft CEO Satya Nadella at OpenAI's first developer conference, on Nov. 6, 2023, in San Francisco. OpenAI’s board was also reportedly having second thoughts and considering asking the ousted CEO to return. Ultimately, Microsoft and Altman appear to be the big winners from the dust-up: Altman will continue leading the firm he helped to found. “We are encouraged by the changes to the OpenAI board,” Nadella said on X.
Persons: Elon, Sam Altman —, , OpenAI, ChatGPT, Altman, Ilya Sutskever, Greg Brockman, Mira Murati, Altman’s, , what’s, ” Brockman, Kara Swisher, Sam Altman, Satya Nadella, Barbara Ortutay, Nadella, Brockman, Emmett Shear, Murati, ” Nadella, , Justin Sullivan, Bret Taylor, Larry Summers, Adam D’Angelo, Shear, Organizations: New Delhi CNN, Valley Bank, Google, Microsoft, OpenAI's, Sunday, OpenAI, CNBC, Twitter Locations: New York, New Delhi, OpenAI, San Francisco, San Francisco , California
ET, OpenAI publicly announced that it had fired Altman over concerns that he was not always truthful with the board. OpenAI’s strategic partners, including investor Microsoft, were also reportedly informed of Altman’s ouster minutes before the board’s announcement. Microsoft CEO Satya Nadella reportedly mediated the discussion. Hundreds of employees on Monday morning signed an open letter calling on the company’s board to resign and reinstate Altman and Brockman. The Verge reported Monday afternoon that Altman and Brockman could still return to OpenAI if the board members who fired him resign.
Persons: Sam Altman —, he’d, OpenAI, Altman, Ilya Sutskever, Greg Brockman, Mira Murati, Altman’s, , what’s, ” Brockman, Kara Swisher, Joel Saget, Satya Nadella, Nadella, Brockman, Emmett Shear, Murati, openai, ” Altman Organizations: New, New York CNN, Microsoft, Google, Getty, OpenAI Locations: New York, AFP, OpenAI
Several large investment firms are writing off a recession in the US in 2024 as growth holds up and inflation steadily declines, but T. Rowe Price thinks that optimism may be misplaced. While T. Rowe Price doesn't have an official call on the economy, the brightest minds at the $1.4 trillion Baltimore-based firm urged investors to be cautious at a mid-November conference. However, T. Rowe Price is skeptical that the Fed will end its fight against inflation anytime soon. T. Rowe Price found that through October, those names rose 53.2% compared to a 1.2% year-to-date return for the other 493 companies in the S&P 500. Dom Rizzo, a portfolio manager of global technology equity strategy at T. Rowe Price, agreed that the Magnificent 7's momentum won't stop just because the group is pricey.
Persons: Rowe Price, Goldman Sachs, Goldman, Jan Hatzius, Rowe Price doesn't, We're, Tim Murray, Rowe Price's, Murray, We've, Rowe, Uruci, he's, it's, Tesla, let's, Dom Rizzo, Rizzo, septet, Santa, He's Organizations: Citi, UBS Global Wealth Management, Business, Federal Reserve, Apple, Microsoft, Nvidia, Meta, AMD Locations: Baltimore, Santa Clara
On Thursday evening, Altman received a text message from Ilya Sutskever, another co-founder of OpenAI and its chief scientist, Brockman said. “Sam joined a Google Meet and the whole board, except Greg, was there,” Brockman said, referring to himself. Around the same time, OpenAI published a blog post.”According to Swisher, Altman did not learn about the subject of the meeting until 30 minutes before. “Greater things coming soon.”CNN has reached out to OpenAI for comment on Brockman and Swisher’s accounts of how the events transpired. An interim CEOIn announcing Altman’s firing, OpenAI said chief technology officer Mira Murati will serve as interim CEO.
Persons: Sam Altman, Greg Brockman, Altman, Kara Swisher, Ilya Sutskever, Brockman, “ Sam, Greg, ” Brockman, “ Ilya, Sam, , Ilya, OpenAI, Swisher, , what’s, Mira Murati, Murati, ” Murati Organizations: CNN, Twitter, OpenAI, Google, , Microsoft, Bing, , ” CNN, Dartmouth Locations: OpenAI
In July, Amazon announced all US Whole Foods stores would have palm payment tech by the end of 2023. The system, called Amazon One, links a user's payment information and account with their palm print. I decided to try it out, and while I was initially skeptical of scanning a body part, I can't deny it's convenient. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . If you're an Amazon Prime member, you can also link it with your Prime account — no need to fumble in the Amazon app looking for your in-store code any longer.
Persons: Organizations: Amazon, Foods, Service, New, Coors Field Locations: Seattle, New York, Colorado
CNBC Pro looked for stocks that are within 5% of a 52-week high and are up more than 1% so far this month. That is, the consensus price target on these stocks call for a gain of at least 5%. Shares are currently 3.3% off from the 52-week high. Wall Street sees further gains for the name, as analysts' consensus price target suggests upside of 8% from here. Other names on the verge of a breakout include drug wholesale company Cencora , Vertex Pharmaceuticals and natural gas company Targa Resources .
Persons: FANG, Scott Gruber, — CNBC's Michael Bloom Organizations: Google, Microsoft, Amazon, Intel, CNBC, Big Tech, Investors, Diamondback Energy, Analysts, Citi, Diamondback, Citi Research, Vertex Pharmaceuticals, Targa Resources
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