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London CNN —Two of Europe’s biggest oil companies, Shell and TotalEnergies, are considering abandoning their stock exchanges for Wall Street in a move that would deal a hammer blow to London and Paris. Shares of TotalEnergies and Shell trade on a price-to-cash flow ratio of 4.7 and 5.2 respectively, compared with a ratio of 8.4 for Exxon Mobil (XOM) and 7.6 for Chevron (CVX). Alastair Syme, managing director of global energy equity research at Citi, says Shell and TotalEnergies have long traded at a discount. Investors would “be much more comfortable” buying European energy companies if they were part of the more valuable S&P 500 benchmark index of US equities, according to Syme. London languishesStill, the slightest hint that Shell may consider leaving London will have rattled the city’s beleaguered main stock exchange.
Persons: Britain’s Shell, France’s, Alastair Syme, Syme, Patrick Pouyanne, , , Wael Sawan, Sawan, London languishes, Chris Beauchamp, Shell, TotalEnergies, New York “ would’ve, ” Lindsey Stewart, Ben van Beurden, ” Syme Organizations: London CNN, Shell, CAC, Exxon Mobil, Chevron, Citi, CNN, Investors, Bloomberg, London Stock Exchange, Nasdaq, BP, Morningstar, Financial, Commodities Locations: London, Paris, New York, Chevron, Europe, United States, Switzerland,
"I don't have the capacity to think through, well, what if, what if, what if," Menendez told me. Mayor Bhalla told me that he began contemplating his primary challenge shortly after the elder Menendez was first indicted in September. AdvertisementSitting in his recently opened campaign office, the mayor told me that the most important facet of his candidacy was his fight against New Jersey's party boss-driven political culture. "Everything here is a headline or a deadline driving the process," Councilman Paul Presinzano said of Mayor Bhalla. Menendez looks on as Bhalla's opening remarks at a Jersey City candidate forum are filmed by a cameraman.
Persons: Rob Menendez —, Sen, Bob Menendez —, Ravi Bhalla, Menendez, , Rob Menendez, Bob Menendez, who's, that's, frat bro, I've, Stephen Chernin, he's, father's, Phil Murphy, Bhalla, Pete Buttigieg, outraise Menendez, Ted Shaffrey Bhalla, Menendez —, there's, They're, Andy Kim, Tammy Murphy, James Solomon, you've, hasn't, bossism, Anna Moneymaker, deriding, didn't, I'm, wasn't, we're, It's, Sam Bankman, rZ6H2IB4N0, — Rob Menendez, @RobMenendez4NJ, Councilwoman Tiffanie Fisher, Kim, Fisher, Paul Presinzano, Union City —, Donald Trump, Bryan Metzger, Rob's, Tammy Murphy's, He's, Cory Booker, Rob Menendez Bhalla, Steve Fulop —, corruptly Organizations: Hoboken, Service, Nike Air Force, Gov, Port Authority of New, New Jersey ., Sikh American, Congress, South, AP, New, Democratic Rep, First, Jersey City, Getty, Lipton Tea Company, House Transportation, Infrastructure, Union City, Homeland Security, Democratic, House Democratic, Facebook Locations: New Jersey, Manhattan, Jersey, Hoboken, Port Authority of New York, he's, Jersey City, Washington ,, Washington and NJ, Menendez's, Union City
"In fact, we now estimate that in 2024 Meta's ad business could outgrow Amazon's for the first time since 2015," the firm added. META 1Y mountain Shares of Meta Platforms over the past 12 months. Jefferies' bullish outlook goes straight to the heart of our investment case, which Jim Cramer reiterated last week during the March Monthly Meeting. All of this also jives with our view on Meta, as Jim laid out during the Monthly Meeting. Put it all together, and we're aligned with Jefferies on where Meta's stock can go from here.
Persons: Jefferies, outgrow Amazon's, Jim Cramer, that's, Jim, Meta, , TikTok, Mark Zuckerberg, there's, Zuckerberg, Jim Cramer's, David Paul Morris Organizations: Google, Meta, Facebook, Jefferies, CNBC, Bloomberg, Getty Locations: U.S, Menlo Park , California
“We shouldn’t be spending a dime on humanitarian aid.”He continued: “It should be like Nagasaki and Hiroshima. “As a child who grew up in the Cold War Era, the last thing I’d advocate for would be the use of nuclear weapons. My reasoning was the exact opposite of what is being reported: the quicker these wars end, the fewer innocent lives will be caught in the crossfire,” Walberg said in the statement. “The sooner Hamas and Russia surrender, the easier it will be to move forward. The use of this metaphor, along with the removal of context, distorted my message, but I fully stand by these beliefs and stand by our allies,” he added.
Persons: Tim Walberg, ” Walberg, , , Putin, Walberg Organizations: CNN — Republican, Japan, GOP, UN, CNN, Republican Locations: Gaza, Nagasaki, Hiroshima, Michigan, Ukraine, Russia, Israel, harm’s
Jackson is not the only House representative who has both taken advantage of the popular app and voted for the bill that could ban it. Some of these representatives actively use the app to boost their campaigns, while others use it for office communications. Some members who voted in favor of the bill believe the US should be able to regulate the technology. The question of a banA few of the representatives who voted in favor of the bill have emphasized that it is not meant to be a ban of TikTok. Just being as transparent and accountable as we possibly can.”The Democratic congressman said if TikTok is banned, he will continue to use the social media platforms that aren’t banned, but said, “I don’t think that’s what’s going to happen here.”“It’s really a sell TikTok, not ban TikTok bill.
Persons: Jeff Jackson, , Marisa, Biden, Alabama Sen, Katie Britt, Jackson, unfollow, Colin Allred, Adam Schiff of California, Elissa Slotkin, ” Jackson, TikTok, “ I’ve, , Republican Dan Bishop, snoop, Bill Pascrell, Schiff, ” Schiff, Joe Biden, ” Allred, Sen, Ted Cruz, Slotkin, “ I’m, ” Slotkin, Debbie Stabenow, MSNBC’s Andrea Mitchell, Annie Wu Henry, John Fetterman’s, ” Henry, Sean Casten, Greg Landsman, Wiley Nickel, Pascrell, Melanie Stansbury, Landsman, Henry Organizations: CNN — Democratic, Union, North Carolina Democrat, Democratic, Republican, , Communist, California Senate, Senate, Constituent, CNN Locations: North, Texas, Michigan, North Carolina, Beijing, New Jersey, United States, California, TikTok, , Illinois, Ohio, New Mexico
A lower-risk way to play the gold breakout from here
  + stars: | 2024-03-14 | by ( Michael Khouw | ) www.cnbc.com   time to read: +5 min
We'll break down the rally in gold, why gold miners have been trailing it and the options trades I'm putting on from here accordingly. Investing in gold and silver mining companies, rather than purchasing the precious metals has frequently been promoted as a way to get "leverage" to the price of gold or silver. Notice that the share price of the VanEck Gold Miners ETF (GDX ) tracking the companies, has declined more than 15.5% since the highs in April of 2023. GDX GLD mountain 2023-04-13 VanEck Gold Miners ETF (companies) vs. SPDR Gold shares ETF (commodity) It should be said that GDX and Newmont Corporation pay dividends, whereas gold itself does not. Additionally gold miners are sometimes located in suboptimal geographic locations/jurisdictions where they may be subject to geopolitical factors beyond the price volatility of the commodities they produce.
Persons: Warren Buffett Organizations: Gold Miners, Newmont Corp, Gold Miners ETF, SPDR, Newmont Corporation, Mining, Consumers Locations: Washington
Read previewRep. Alexandria Ocasio-Cortez had just left the Alamo Drafthouse Cinema in Brooklyn with her fiancé earlier this week when she was accosted by a group of Pro-Palestinian protesters. Just say the word. I need you to understand that this is not OK."She responded that she had said that it was a genocide. AdvertisementIn a virtual town hall around the same time, AOC responded to a constituent who said the US was "funding a genocide." A Jew and a liberal Zionist, Sanders was asked by Novara Media in February if he would call what is happening in Gaza a genocide.
Persons: , Alexandria Ocasio, Cortez, Ocasio, Brad Schneider, Yitzhak Rabin, Israel, Jesus, Christ, King Herod, Sen, Bernie Sanders, Sanders, Barack Obama, Court's Dobbs, Trump, Brett Kavanaugh, Kavanaugh Organizations: Service, Alamo, Business, Ministry, Gaza, New, Global, Movement, Israel, International, NBC News, Novara Media, Twitter, Washington DC Locations: Alexandria, Brooklyn, Israel, Palestine, Ocasio, Gaza, Bethlehem, Washington
A bullish long-term turnaround has developed in the iShares MSCI Australia ETF (EWA) , which broke out from a long-term triangle pattern late last year in a positive technical catalyst. —Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein.
Persons: EWA, Katie Stockton Organizations: BHP Group Ltd, BHP, Fairlead, CNBC Pro, Securities Locations: Australia, EWA
The Absurd Problem of New York City Trash
  + stars: | 2024-03-02 | by ( Emily Badger | Larry Buchanan | ) www.nytimes.com   time to read: +30 min
In New York City, trash has no dedicated space all its own. The Absurd Problem of New York City Trash And the Trade-Offs Required to Fix ItConsider the ubiquitous New York trash bag. The prospect has prompted much snickering: New York’s big idea to clean up trash is to … put it in trash bins? New York City Municipal Archives1913: A century in the past, but the same problems as today. New York City Municipal ArchivesBut those cans overflowed to horrifying effect during the 10-day strike:When New York streets resembled landfills.
Persons: , that’s, ” Anthony Crispino, , ” Cole Stallard, Stallard, Gerard Koeppel, Oscar, Neal Boenzi, New York Times Garbage, Larry C, Morris, Meyer Liebowitz, Rudy Giuliani, , , Norman Steisel, Eric Adams, Jessica Tisch, Tisch, Hiroko Masuike, Ms, there’s, It’s, ” Harry Nespoli, workarounds, Martin Melosi, Clare Miflin, Miflin, don’t, Benjamin Miller, Martin Robertson, ” Mr, Robertson Organizations: Sanitation Department, New York City Municipal, New York Times, York’s Sanitation Department, Department, York City Municipal, District of Columbia Department of Public, New York, New York Public, The New York Times, City Hall, Avenue, West 22nd, West, Eighth, 21st, West 21st, Bronx Manhattan Queens, Financial, Center, Zero Locations: New York City, stairwells, York, New York, York City, Amsterdam, Barcelona, Berlin, Washington, Houston, what’s, Chelsea, Erie, Manhattan, , New Yorkers, Staten Island, New, East, Bronx, Bronx Manhattan Queens Brooklyn Staten Island, European, Harlem, New York . New York, Relatedly, Brooklyn
Larry Hogan might not be running for Senate this year but for a letter he received in early January. The popular former Republican governor of Maryland had rebuffed years of entreaties and lobbying from a parade of powerful Republicans. Once Mr. Hogan had cracked open what had seemed a shut door, Mr. Thacker quickly informed his boss of his personal outreach, setting in motion a frantic three-week sprint of private meetings and polling. Mr. Hogan ultimately made a dramatic surprise entrance into the race hours before a Feb. 9 filing deadline. The decision delivered a genuine jolt to a Senate landscape that was already heavily tilted toward Republicans in 2024.
Persons: Larry Hogan, Hogan, Darin Thacker, Thacker Organizations: Senate, Republican Locations: Maryland, Annapolis
For investors, that suggests opportunity in certain dividend stocks, Kostin wrote. Since late 2022, Goldman Sachs' Dividend Yield and Growth basket (GSTHDIVG), a 50-stock, equal-weighted basket of stocks with high trailing dividend yield and high anticipated dividend growth, has outperformed the equal-weighted S & P 500 by 3 percentage points. As of October, here are some of the stocks in the firm's dividend yield and growth basket. Verizon Communications Communication services stock Verizon Communications is a constituent in the dividend growth basket. Other stocks in Goldman's dividend growth basket include Best Buy , Conagra Brands and Devon Energy .
Persons: Goldman Sachs, David J, Meta, Kostin, That's, Greenlight Capital's David Einhorn, Morgan Stanley, Simon Flannery, — CNBC's Michael Bloom Organizations: Facebook, Bank of America, Federal Reserve, Verizon Communications Communication, Verizon Communications, Verizon, Conagra Brands, Devon Energy Locations: Viatris
A slew of companies are primed to join the S & P 500 in the near future, and Bank of America thinks their shares could get a boost from it. The bank expects KKR could be the next investment management firm to join the S & P 500 over the six months following the addition of Blackstone to the index last year. An addition to the S & P 500 is likely to drive up the prices of each of the stocks. "Passive ETFs benchmarked to the S & P 500 are growing and getting inflows which will help support the share prices of the stocks in the index," Siegenthaler added. For KKR, the analyst has a $109 price objective, implying 23% upside from Monday's close.
Persons: Blackstone, Craig Siegenthaler, Siegenthaler Organizations: Bank of America, KKR, Apollo Global Management, Ares Management, APO
The man was writing to share the pain his student debt had caused him, and to thank Clyburn and President Joe Biden for their recent actions. Clyburn counts student loan debt as "the biggest" issue facing Americans today, in part because failing to solve it exacerbates other crises. And student loan debt is the best way to go." These days, Clyburn is thinking about how student debt could impact the 2024 presidential election. CNBC sat down with the congressman in late January in his office to discuss the student loan crisis and voters.
Persons: James E, James Clyburn, Clyburn, Joe Biden, he'd, Biden, you've, Biden's Organizations: Democratic, U.S . Capitol, U.S . Capitol . WASHINGTON , D.C, CNBC, Finance, U.S . Department of Education Locations: U.S . Capitol . WASHINGTON ,, Sumter , South Carolina
Russian President Putin has ordered a search for real estate abroad that belonged to the Soviet Union and the Russia Empire. One decree allocates funds for the search, while the other provides funds for maintenance and operations. AdvertisementThe Soviet Union was formed in 1922 and collapsed in 1991, after which its constituent republics — which includes Ukraine and the Baltic countries, among others — became independent states. Putin has called the collapse of the Soviet Union "the greatest geopolitical catastrophe of the century" and said in 2021 that the event marked the demise of "historical Russia." AdvertisementIn June 2022, Putin compared himself to Czar Peter the Great — the first emperor of Russia — to justify the invasion of Ukraine.
Persons: Putin, , Vladimir Putin, Peter the Great, Russia — Organizations: Service, Russian Empire, TASS Locations: Soviet Union, Russia, Russian, Soviet, Ukraine, Baltic, Alaska, US
I'll describe how options traders will bet the bottom is in and the levels they may find attractive to do so. Tesla's margins of nearly 11% are twice those of the 2 biggest U.S. automakers, but a bear will point out that Porsche margins are 13%. Even still, it's not clear that the legacy automakers can compete long term with Tesla or China's BYD. Apple, Amazon, Costco, Lululemon, Nike, Yeti and Tesla are, if the actual dollars spent are measured, high on this list. TSLA YTD mountain Tesla YTD Sometimes, whether it's a fast car, or a fast-moving stock, the best thing to do is wait.
Persons: Gene Munster, it's, Tesla, Tesla's, it's Ford Organizations: Deepwater Management, Ford, GM, Toyota, U.S, Apple, Costco, Lululemon, Nike, Holly Locations:
For an agonizing month, the S & P 500 toyed with the prior all-time highs of January 2022 before finally breaking through to new all-time highs on Friday. Yet here we are, reviewing the biggest trading day of the year so far, and AMD was the best-performing stock in the S & P. Nvidia was 12th. What is true is that the S & P 500 rises over time. Market Cap weighted indices, such as the S & P 500 represent the largest and generally most successful publicly traded companies. Notice that a January 2025 SPDR S & P 500 Trust (SPY) $460 strike put costs just over $16 per contract.
Persons: bender, Stocks, SPDR Organizations: AMD, Nvidia, Healthcare, Centene Corp, United Health, Enphase Energy, SEC, Investors, Apple, Microsoft, U.S . Locations: China, U.S
If we look at a chart of the cybersecurity stock, it recently printed within 3% of its all-time highs set back in 2021. Higher high's in price are no longer confirmed by higher highs in momentum, this is a signal of a potential reversal when coupled with a major resistance level. As cybersecurity needs grow globally, CRWD is positioned at the forefront of this industry. The trade Since CRWD has such a strong business, despite the concerning valuation, my view is fade it with a neutral rather than outright bearish view. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.
Persons: CRWD Organizations: Nasdaq, CRWD
Sen. Bob Menendez and his wife are seeking separate trials on bribery charges they each face in a New York court. Lawyers for Bob Menendez wrote that each spouse should face separate trials so that the senator does not provide information about marital communications during cross-examination that might be damaging to his wife's defense. Several days earlier, the senator's lawyers had asked that charges in the case be dismissed. They added to those requests Monday, calling charges against him a “distortion of the truth.”“Senator Menendez isn’t just ‘not guilty’ — he is innocent of these charges. Senator Menendez has never sold out his office or misused his authority or influence for personal financial gain,” they wrote.
Persons: Sen, Bob Menendez, Nadine, Nadine Menendez’s, , Menendez isn’t, , Menendez, Organizations: The New, The New Jersey Democrat, Senate Foreign Relations, Prosecutors Locations: New York, The, The New Jersey, Jersey, New Jersey
The special election to fill expelled Rep. George Santos' House seat will be Feb. 13, New York Gov. Until then, House Republicans will be down a vote, leaving them with an even narrower majority in the chamber than usual. "As Governor, I have the solemn responsibility to call a special election to ensure the voters of Long Island and Queens once again have representation in Congress," Hochul, a Democrat, said in a statement. The expulsion resolution was championed by a bloc of Santos' fellow New York Republicans. A bloc of Santos' fellow New York Republicans championed the expulsion resolution.
Persons: George Santos, Kathy Hochul, Tom Suozzi, Santos, Hochul Organizations: Capitol, Washington , D.C, House, New York Gov, House Republicans, Queens, Democratic, New York's, Santos, New York Democratic, New York Republicans, Republican, Congressional District, CNBC PRO Locations: Washington ,, Long Island, New York, Washington
Uber to become S&P 500 constituent -S&P Indexes
  + stars: | 2023-12-02 | by ( ) www.reuters.com   time to read: 1 min
The Logo of taxi company Uber is seen on the roof of a private hire taxi in Liverpool, Britain, April 15, 2019. REUTERS/Phil Noble/File Photo Acquire Licensing RightsDec 1 (Reuters) - Ride-hailing service Uber Technologies will join the S&P 500 (.SPX) effective at the open of trading on Dec. 18, along with S&P MidCap 400 (.IDX) constituents Jabil Inc and Builders FirstSource Inc , S&P Dow Jones Indices announced late Friday. The stocks will replace Sealed Air Corp , Alaska Air Group Inc and SolarEdge Technologies Inc in the benchmark S&P 500, joining the S&P MidCap 400 index as of Monday. (This story has been refiled to correct the date to Dec. 18, not Monday, in paragraph 1)Reporting by Alden Bentley; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.
Persons: Phil Noble, Dow, Alden Bentley, Leslie Adler Organizations: REUTERS, Uber Technologies, Jabil Inc, Builders FirstSource Inc, Dow Jones Indices, Air Corp, Alaska Air Group Inc, SolarEdge Technologies Inc, Thomson Locations: Liverpool, Britain
Rep. George Santos is interviewed by FOX News in the rotunda of the Cannon House Office Building before a vote to expel him from the House of Representatives on December 1, in Washington, DC. Anna Moneymaker/Getty ImagesThe House is expected to vote soon on a motion that would expel New York Republican Rep. George Santos from the chamber. An expulsion vote is not like a censure in that the member is not admonished by the chamber or shamed as they are with censure. They will decide how Santos’ office is cleared out, among other steps. Both Traficant’s and Myers' privileges were stripped immediately following the expulsion vote because they had previously been convicted of their crimes.
Persons: George Santos, Anna Moneymaker, , Santos, Michael Myers, Jim Traficant, – Santos, , Traficant’s, Myers, Kathy Hochul Organizations: FOX News, Cannon, New York Republican Rep, of, State, Republicans, Democratic Gov, New York Locations: Washington , DC, , New York, New York State
Here's what happens to his staff, and when a special election could take place. A February special election on Long Island — with Democrats likely favored to winUnder New York state law, Gov. Kathy Hochul will have 10 days to call a special election, which must take place between 70 and 80 days after that. That means a special election will likely occur sometime in February 2024. If a special election takes place, nominees would be chosen by party committee members, rather than voters.
Persons: George Santos, , Santos, aren't, he's, Daniel Schuman, Bill Clark, hasn't, Kathy Hochul, Joe Biden Organizations: Capitol, Service, Congress, New York Republican, Representatives, Popvox Foundation, Getty, Business, New York Times, US Association, Former, New Locations: Long, New York
COLUMBUS, Ohio (AP) — The statewide battles over abortion rights since the U.S. Supreme Court overturned a constitutional right to abortion have exposed another fault line: the commitment to democracy. "We spoke.”Gross told Jackson she wasn't ignoring voters but rather was reflecting opponents' concerns that Ohio voters were led astray. Anti-abortion lawmakers and advocates already have pushed back in a handful of states where voters sided generally with abortion rights. Republican state legislative leaders initially pledged that the fight to restrict abortion rights wasn't over after voters had spoken. Florida’s Republican attorney general is attempting to keep a proposed abortion rights amendment off the 2024 ballot.
Persons: We.Are.Not.Done, Jennifer Gross, Gross, Dobbs, Roe, Wade, Douglas Keith, Brennan, , ” Keith, Emily Jackson, Jackson, ” Gross, , Rick Santorum, Brandon Prichard, Ohio, Sophia Jordán Wallace, Myrna Perez, Andrew Whitehead, God, ” Whitehead, Mike DeWine, Dave Yost, Jason Stephens, Matt Huffman, Stephens, Huffman, State Jay Ashcroft, Kara Gross Organizations: Supreme, Justice’s, AP VoteCast, Associated Press, NORC, for Public Affairs Research, Republican, Rep, University of Washington, Ohio University, Indiana University – Purdue University Indianapolis, Kentucky Republicans, , Ohio, State, AP Locations: COLUMBUS , Ohio, U.S, ” Ohio, Ohio, Montana and Utah, Alaska and Kansas, Pennsylvania, North Dakota, Montana, , In Missouri, Michigan, Florida
The vast majority of marijuana use was during the first three months of pregnancy, the study found, and it was predominantly recreational rather than medical. A 2020 study found that women who used weed during pregnancy were 1.5 times more likely to have a child with autism. However, mothers using marijuana during pregnancy were 2.6 times more likely to give birth to a baby with a low birth weight, which can contribute to difficulties in eating, gaining weight and fighting infection. Indeed, the study also found that infants born to moms using marijuana were 2.5 times more likely to need to be admitted for intensive care. A warning for pregnant peopleAny woman using marijuana who discovers she is pregnant should immediately discuss the issue with her doctors, experts say.
Persons: CNN —, , Maryam Sorkhou, , ” Beth Bailey Organizations: CNN, CNN — Infants, University of Toronto, National Institute on Drug, US Centers for Disease Control, Central Michigan University’s College of Medicine, American College of Obstetricians Locations: United States, Canada, Mount Pleasant
Stock Market Today: Stocks Look to Build on Post-CPI Rally
  + stars: | 2023-11-15 | by ( ) www.wsj.com   time to read: +1 min
Stock futures pointed to more gains for markets after softer-than-expected U.S. inflation data on Tuesday sent equities and bonds soaring. The WSJ Dollar Index was relatively flat. European stocks rose. Stocks in London led gains after U.K. inflation slowed to a two-year low, suggesting the Bank of England may also be done raising rates. Asian stocks jumped.
Organizations: Federal Reserve, Stock, Target, Bank of England Locations: London, China, Japan
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