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☆ Final Trade: SOFI, DELL, JD, MC
▼ + stars: | 2024-04-26 | 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 EmailFinal Trade: SOFI, DELL, JD, MCThe final trades of the day with CNBC’s Melissa Lee and the Fast Money traders.

Persons: DELL, CNBC’s Melissa Lee Organizations: Fast Money

☆ Jim Cramer's favorite investment themes in this rough market and 3 stocks he likes now
▼ + stars: | 2024-04-25 | by ( Paulina Likos | ) www.cnbc.com time to read: +9 min

Here are the responses from Jim Cramer and Director of Portfolio Analysis Jeff Marks. (Gary, Philadelphia) Jim Cramer: Go to Club holding Costco's website and buy gold. When we do see a lot of parabolic moves happening in the market that's usually a sign for us to start raising cash. (Sonny) Jim Cramer: Former President Donald Trump wants more defense. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer, Jeff Marks, Wells, It's, They're, —, Sonny, Donald Trump, Trump, Joe Biden, James, Johnson, That's, – Alibaba, Eaton, Michael, you've, Anthony, Dupont, Stanley Black, Decker, Eli Lilly –, that's, Nancy, Estee Lauder, they're, Gordon, Cash, Wynn, I'm, it's, Jim Cramer's, Jim Organizations: Investing Club, JPMorgan, Costco, Investing, Abbott Labs, Baidu, PDD Holdings, Bank of America, Nike, Trust, Jim Cramer's Charitable, CNBC Locations: North Carolina, Gary, Philadelphia, , Texas, Bob , Minnesota, Eaton

☆ JD Sports to buy U.S. rival Hibbett in $1.08 billion sportswear retail deal
▼ + stars: | 2024-04-23 | by ( ) www.cnbc.com time to read: +2 min

(Photo by May James/SOPA Images/LightRocket via Getty Images)JD Sports Fashion has proposed to buy American athletic fashion retailer Hibbett Inc for about $1.08 billion, the companies said on Tuesday, as Britain's biggest sportswear retailer looks to expand across the southeastern U.S. The deal comes as shares in athletic clothing retailers come under pressure globally after weak outlooks from sports apparel makers such as Nike and Puma. It will pay $87.50 per Hibbett share in cash, representing a premium of about 20% to the U.S. firm's last closing price. JD Sports shares, which have fallen more than 20% so far this year, were up 6% by 0900 GMT. The deal is expected to add to the British firm's earnings in the first full year of ownership, with cost savings expected to be at least $25 million, JD said.

Persons: May James, Foot Locker, Dominic Platt, JD Organizations: UNITED, Getty, Hibbett Inc, Nike, Puma, Adidas, JD Sports, Paris Olympics Locations: UNITED KINGDOM, England, premarket U.S, U.S, North America, Bury, Greater Manchester

☆ The Chinese Site That Rewired Online Shopping
▼ + stars: | 2024-04-22 | by ( Daisuke Wakabayashi | Claire Fu | ) www.nytimes.com time to read: +1 min

When Pinduoduo, the Chinese discount shopping app, debuted nearly a decade ago, the tech giants Alibaba and JD.com dominated China’s e-commerce business. It was a combination of a game arcade, a shopping mall and a social network. Like TikTok, Temu is the foreign version of a highly successful Chinese company. As its popularity has grown in the United States, its business practices have also come under scrutiny. It has encountered criticism for its labor practices and failure to enforce intellectual property laws.

Persons: Pinduoduo, haven’t Locations: Temu, China, United States, U.S

☆ Hong Kong’s biggest stock is ready for a turnaround, analysts say
▼ + stars: | 2024-04-21 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

The firm is overweight on Tencent shares, with a price target of 400 Hong Kong dollars ($51). Also helping analysts' optimism on the stock are Tencent's share buybacks. HSBC has a buy rating on Tencent, with a target price of 385 Hong Kong dollars. Pan said that low liquidity in Hong Kong has also affected share prices in that market, but he hopes that can improve with a new CEO. The Hong Kong exchange's co-COO Bonnie Chan is set to become head of the business in late May.

Persons: Morgan Stanley, Gary Yu, Morgan Stanley's Yu, Tencent, Prosus, Charlene Liu, HSBC's, Grant Pan, Noah Holdings, Pan, Hong Kong exchange's, Bonnie Chan, — CNBC's Michael Bloom Organizations: Hong, Jefferies, Naspers, Internet, Gaming Research, HSBC Locations: Hong, Hong Kong, Asia, Japan, Netherlands, Tencent, 1Q24, Asia Pacific, HKD500m, China

☆ The Port of Baltimore was humming along as it handled a record level of cargo in 2023. The collapse of the Key Bridge changed everything.
▼ + stars: | 2024-04-16 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

In 2023, the Port of Baltimore handled a record 52.3 million tons of international cargo valued at nearly $81 billion. But on March 26, the Francis Scott Key Bridge collapsed after the container vessel Dali struck the bridge and sent the 47-year-old structure into the Patapsco River. Moore recently spoke with Business Insider about the collapse of the Key Bridge and the economic impacts of the port's closure. Wes Moore: The port is the largest in the country when it comes to heavy trucks and agricultural equipment. The Key Bridge was a key artery in this region.

Persons: —, Francis Scott Key, Dali, Wes Moore, Moore, John L, Dorman, Joe Biden, Julia Nikhinson, It's, Jerry Jackson, we've, You've, Baltimore Mayor Brandon Scott, We're, Biden, I'm Organizations: Service, Business, US Army Corps of Engineers, Maryland Democratic Gov, Gov, Maryland Gov, AP, Port, Federal, Baltimore Sun, Tribune, Getty, Baltimore Mayor, WM Locations: Port of Baltimore, United States, Port, Baltimore, Patapsco, Ohio, Tennessee, Michigan, United, It's

☆ US Steel’s future as an American company is about to come to a vote. It may not matter
▼ + stars: | 2024-04-12 | by ( Chris Isidore | ) edition.cnn.com time to read: +10 min

“It is important that we maintain strong American steel companies powered by American steelworkers,” he said. “US Steel has been an iconic American steel company for more than a century, and it is vital for it to remain an American steel company that is domestically owned and operated.”Experts said opposition from Biden and other politicians — both Republican and Democrats — make it unlikely the deal will win approval. “Six weeks ago, the United States gave Mitsui, a Japanese company, a $20 billion deal to build a crane factory here in the United States and replace all our port cranes throughout the United States. “If the administration has concerns about the Nippon Steel deal, it must seriously consider alternative outcomes. US Steel products, supported by significant capital investments from Nippon Steel, will remain mined, melted and made in America,” the company said.

Persons: Joe Biden’s, Biden, ”, —, “ It’s, Michael Leiter, Skadden, “, Kishida Fumio, ‘, ’, It’s, JD Vance, Phil Gibbs, KeyBank, Gibbs, it’s, Jeff Roberson, Nucor, hasn’t, ” “ Organizations: New, New York CNN, US Steel, Japan’s Nippon Steel, Justice Department, Foreign Investment, Treasury, Commerce, Defense, State, Homeland Security, American steelworkers, Steel, ”, Republican, Democrats —, Japanese, United States, Mitsui, United Steelworkers, steelworkers, Ohio, Nippon, Cleveland Cliffs, Nippon Steel, Cleveland, US Steel Granite City Works, AP, US Locations: New York, United States, Japan, American, Slate, United, Cleveland, US Steel Granite City, Arkansas, America

☆ All of a sudden, Ted Cruz really doesn't want to talk about his podcast
▼ + stars: | 2024-04-12 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewWhen I approached Sen. Ted Cruz at the Capitol this week, he appeared upbeat, quipping that he was "living the dream" when I opened our conversation. iHeartMedia, which signed on as a corporate partner to the podcast in late 2022, has confirmed that the payments to the super PAC were derived from advertising revenue generated by podcast. The Campaign Legal Center and End Citizens United have also filed a complaint with the Federal Election Commission accusing Cruz of violating campaign finance laws. "When you write a positive story on something I've accomplished here, on legislation I've passed, then I'll answer your questions," Cruz replied.

Persons: —, Sen, Ted Cruz, Cruz, iHeartMedia, Colin Allred, Allred, He's, Ron Johnson, JD Vance, Markwayne Mullin, I've Organizations: Service, Capitol, Texas Republican, Business, Democrat, Houston Chronicle, Democratic Rep, Legal, Citizens, Federal, BP, Capitol Hill, FEC, Sens Locations: Houston, BP America, Texas, Wisconsin, Ohio, Oklahoma

☆ Donald Trump Jr. says he's lobbying his father to pick a 'fighter' like Tucker Carlson or Vivek Ramaswamy to be his running mate
▼ + stars: | 2024-03-30 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +1 min

Donald Trump Jr. said he is lobbying for his father to choose a "fighter" as his running mate. He said he is suggesting people like Tucker Carlson, Vivek Ramaswamy, and Sen. JD Vance. Donald Trump is still unsure about who will be his vice presidential pick, reports say. AdvertisementDonald Trump Jr. said he's lobbying his father to pick a "fighter" like Tucker Carlson or Vivek Ramaswamy to be his running mate. "What I want in that role is I want a fighter," Trump Jr. told The New York Post, "I understand what they are going to throw at us."

Persons: Donald Trump Jr, Tucker Carlson, Vivek Ramaswamy, Sen, JD Vance, Donald Trump, —, Trump Organizations: Service, New, Business Locations: New York

Other Republicans in the House and Senate often simply shrug when asked about Trump’s agenda, pointing to policies they like and others they might support. Trump himself has suggested having a “very tiny little desk” on the Capitol steps so he can sign documents on Inauguration Day, Jan. 20, 2025. “On Day 1 of President Trump’s new administration, Americans will have a strong leader," said Karoline Leavitt, the campaign’s national press secretary. Republicans and Democrats resisted a White House effort to commandeer funds for a U.S.-Mexico border wall, leading to the longest government shutdown in history. Republican Sen. John McCain of Arizona, who died in 2018, famously gave a thumbs-down to Trump's effort to repeal the health law known as the Affordable Care Act.

Persons: Donald Trump, “ We’re, ”, Republican Sen, JD Vance, Ohio, Trump, Joe Biden, Mitch McConnell of, Mike Johnson, Vance, wasn't, Marjorie Taylor Greene, Greene, Trump . Greene, Johnson, it’s, Paul Dans, “, Trump’s, Karoline Leavitt, John McCain of, Biden, Sen, Mitt Romney, Jason Chaffetz, GOP Sen, Josh Hawley, ” Hawley, Ted Cruz, Cruz, Eisenhower, Marco Rubio, Rubio, they’re, Vanessa Cardenas, Jill Colvin Organizations: WASHINGTON, Capitol, Republicans, Trump, Republican, Democratic, Republican Party, GOP, Trump’s, Biden, Trump ., Senate, Trump White House, Heritage Foundation's, Democrats, Affordable, Republican National Committee, Justice Department, America’s, Press Locations: Mitch McConnell of Kentucky, Marjorie Taylor Greene of Georgia, Washington, U.S, Mexico, John McCain of Arizona, Utah, Josh Hawley of Missouri, Texas, New York

☆ Positive open expected for European stocks as the region's markets bounce back
▼ + stars: | 2024-03-28 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are heading for a positive open Thursday, bouncing back from lackluster momentum earlier this week. Regional stocks closed slightly higher Wednesday, regaining steam after a subdued start to the session. On Thursday, investors will be keeping an eye out for earnings from Lloyd's of London and JD Sports Fashion will issue a trading update. German unemployment data and Italian consumer confidence data for March are due. Overnight in the Asia-Pacific region, Japan stocks fell the most among Asian markets Thursday, while Australian stocks hit a record high, helped by a boost from mining shares.

Organizations: London, JD Locations: Asia, Pacific, Japan

☆ How corporate PAC money could end up in the personal coffers of Sens. JD Vance and Markwayne Mullin
▼ + stars: | 2024-03-28 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +7 min

At the same time, they've been taking tens of thousands of dollars in corporate PAC money — some of which may be ending up directly in the senators' bank accounts. This story is available exclusively to Business Insider subscribers. Between the 2022 election and the end of 2023, Vance has used $78,000 in corporate PAC contributions to repay campaign debts, while Mullin has done the same with $45,000 in corporate cash. Mullin did the same with 19 corporate PACs, including ConocoPhillips, ExxonMobile, and GlaxoSmithKline. He also promised not to take corporate PAC money during the GOP primary, only to reserve that pledge during the general election against Democratic Rep. Tim Ryan, who did accept corporate PAC money.

Persons: —, JD Vance, Markwayne Mullin, they've, Vance, Mullin, Sen, Ted Cruz, Elena Kagan, Cruz, Jordan Libowitz, Republican Sen, Ron Johnson of, Ron Johnson, Shawn Thew, who's, Tim Ryan, didn't, Vance's, Saurav Ghosh, Ghosh Organizations: Service, Sens, Indiana, Business, Texas Republican, Finance, FEC, Citizen, Washington, Capitol, Republican, Getty, Pro, Comcast, Intel, General Motors, Walmart —, ConocoPhillips, GlaxoSmithKline, GOP, Democratic Rep Locations: Ohio, Texas, Ron Johnson of Wisconsin, AFP, Oklahoma, The Ohio, ExxonMobile

☆ Alibaba scraps IPO of logistics unit Cainiao, says it will take full ownership
▼ + stars: | 2024-03-26 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

The Alibaba Group company logo is displayed on a screen at the New York Stock Exchange during morning trading on February 14, 2024 in New York City. Alibaba on Tuesday said it was scrapping a planned initial public offering for its smart logistics unit Cainiao, adding to recent woes for the former Chinese tech darling. The shelving of the planned IPO — which would have been a boon to Alibaba, handing it an injection of cash with a key exit deal — comes after deteriorating market conditions in China. In a press release Tuesday, Alibaba said that it was withdrawing its IPO and listing application for Cainiao, and would also buy the remaining shares of the company it does not already currently own. Cainiao, which Alibaba first launched in May 2013, provides warehousing and fulfillment services, last-mile delivery and pick-up posts, and reverse logistics to customers of Alibaba's Taobao and Tmall e-commerce sites.

Persons: —, Alibaba, Joe Tsai Organizations: Alibaba Group, New York Stock Exchange, Investors, Baidu, U.S, Dow Jones Industrial, Tech Locations: New York City, Alibaba, China, U.S, Cainiao, Hong Kong

☆ HongShan split from Sequoia last year as US-China relations worsened. Now, it's eyeing up Europe.
▼ + stars: | 2024-03-19 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +4 min

Last June, storied investor Sequoia Capital announced it was to split itself into three separate entities. Sequoia Capital would look after the US and Europe; Peak XV Partners would manage its investments in India; and HongShan Capital would be based in China. The emergence of HongShan as an active investor in Europe would result in the firm "competing with former family," one source said. The expansion could be aimed at attracting businesses that target the Chinese market or companies set up by Chinese entrepreneurs away from home, the FT said, citing sources who had spoken with Shen. HongShan Capital's most recent fund includes LPs such as CalPERS, the University of Texas Investment Management Company, and the University of Washington endowment.

Persons: HongShan, Neil Shen, Shen Organizations: Sequoia Capital, YouTube, Sequoia, Partners, HongShan, Business, United, Strategic, University of Texas Investment Management Company, University of Washington Locations: China, Europe, India, London, Singapore, Asia

☆ Trump could face a rare defeat in the chaotic Ohio GOP Senate primary by someone he calls the 'next Mitt Romney'
▼ + stars: | 2024-03-17 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +8 min

There's a contentious Senate primary in Ohio between a traditional Republican and a Trump loyalist. AdvertisementIn recent days, former President Donald Trump has found himself locked in a proxy showdown with establishment GOP figures in Ohio. Ohio State Sen. Matt Dolan at an event in Salem, Ohio on March 15, 2024. "President Trump wants Bernie," said Noem, adding that "should be enough reason" for rally attendees to convince their friends to vote for Moreno. "You're gonna want President Trump in Ohio a lot," Noem later said.

Persons: Trump's, — Bernie Moreno —, Moreno, —, Donald Trump, Bernie Moreno, who's, Sen, Matt Dolan, Mike DeWine, Rob Portman, Dolan —, That's, Dolan, Mitt Romney, Trump, DeWine, Democratic Sen, Sherrod Brown, Frank LaRose, Kristi Noem, Bernie …, Bill Clark, he's, Steve Daines, Kari Lake, Brown, MAGA, Moreno —, JD Vance —, Vance, Scott Olson, Bernie, Noem, that's, Kimberly Curtis Organizations: Republican, Trump, Service, US Senate, Gov, Ukraine —, Democratic, PAC, GOP, Associated Press, Business, Ohio, Getty, Republicans, National Republican Senatorial, Republican Party, Cleveland Guardians, Cleveland Indians, Senate Locations: Ohio, Dayton, Ukraine, Utah, South Dakota, Salem , Ohio, Montana, Montana and Michigan, Arizona, Dayton , OH, Troy , Ohio

☆ Live updates: 3 killed in Pennsylvania shooting, suspect barricaded in New Jersey with hostages, officials say
▼ + stars: | 2024-03-16 | by ( Adrienne Vogt | Matt Meyer | ) edition.cnn.com time to read: +1 min

Authorities say Gordon, who was driving a stolen vehicle, fatally shot two people who lived at the residence. Following the shooting, Gordon then went to Edgewood Lane, where he fatally shot another individual, according to officials. Officials say Gordon knew all the shooting victims. Police say Gordon was last seen wearing a dark hooded sweatshirt. Police say Gordon is considered extremely dangerous, and anyone who sees him should be asked to contact the authorities.

Persons: JD Mullane, Andre Gordon, Gordon Organizations: USA, Network Pennsylvania, Police, Middletown Township Police Locations: Falls Township, Falls, Levittown, Edgewood Lane, Bristol Pike, Morrisville, Pennsylvania, Trenton , New Jersey, Middletown Township

☆ Trump says there will be 'bloodbath' if he doesn't get elected in November as he campaigns for GOP's Bernie Moreno in Ohio
▼ + stars: | 2024-03-16 | by ( ) www.cnbc.com time to read: +7 min

Republican presidential candidate former President Donald Trump gestures to the crowd at a campaign rally Saturday, March 16, 2024, in Vandalia, Ohio. Former President Donald Trump claimed that he — not President Joe Biden — will protect Social Security and warned of a "bloodbath" if he loses in November as he campaigned for Senate candidate Bernie Moreno in Ohio. Trump also dismissed recent allegations against Moreno, comparing them to attacks he has faced through the years, including his criminal indictments. "You will not be able to have Social Security with this guy in office because he's destroying the economics of our country. "I made a promise that I will always keep Social Security, Medicare.

Persons: Donald Trump, —, Joe Biden —, Bernie Moreno, Trump, Moreno, Frank LaRose, Sen, Matt Dolan, LaRose, Dolan, Mike DeWine, Rob Portman, Saturday's, isn't, I'm, Marco Rubio, Trump's, He's, Moreno's, Dan Ricci, Biden, Mitt Romney, Ohio Sen, JD Vance, Kristi Noem, Tuesday's, Sherrod Brown, Brown, Jim Renacci Organizations: Social Security, Trump, Tuesday's GOP, Gov, Buckeye Values PAC, Biden, Republican, NBC, Associated Press, Social, CNBC, Cleveland Indians, Cleveland Guardians, Ohio, South Dakota Gov, Senate Locations: Vandalia , Ohio, Ohio, Dayton, America, Washington, Tuesday's, Cleveland

VANDALIA, Ohio (AP) — Former President Donald Trump claimed that he — not President Joe Biden — will protect Social Security and warned of a “bloodbath” if he loses in November as he campaigned for Senate candidate Bernie Moreno in Ohio. Moreno faces Secretary of State Frank LaRose and state Sen. Matt Dolan in Tuesday’s GOP primary. Trump also dismissed recent allegations against Moreno, comparing them to attacks he has faced through the years, including his criminal indictments. “You will not be able to have Social Security with this guy in office because he’s destroying the economics of our country. “I made a promise that I will always keep Social Security, Medicare.

Persons: Donald Trump, —, Joe Biden —, Bernie Moreno, Trump, Moreno, Frank LaRose, Sen, Matt Dolan, LaRose, Dolan, Mike DeWine, Rob Portman, Saturday's, isn’t, I’m, Marco Rubio, Trump’s, ”, “, “ He’s, ” Trump, Moreno’s, Dan Ricci, Biden, Mitt Romney, Ohio Sen, JD Vance, Kristi Noem, Tuesday's, Sherrod Brown, Brown, Jim Renacci, ___ Colvin, Brian Slodysko, ___ Meg Kinnard Organizations: Social Security, Trump, Tuesday’s GOP, Gov, Buckeye Values PAC, Biden, Republican, NBC, Associated Press, Social, CNBC, Cleveland Indians, Cleveland Guardians, Ohio, South Dakota Gov, Senate Locations: VANDALIA , Ohio, Ohio, Dayton, America, Washington, Tuesday’s, Cleveland, New York

British electronics chain Currys experienced more rejection Friday with Chinese online retailer JD.com walking away from a takeover race for the firm, just days after Elliott Investment Management did the same. In a brief statement Friday afternoon, JD.com said it would no longer pursue an offer for the Main Street brand, less than a month after entering the running. "JD.com today confirms that, following careful consideration, it does not intend to make an offer for Currys," it said. Currys shares plunged more than 10% on the announcement, before paring losses slightly. The electronics retailer, which operates more than 820 stores across eight countries, has become the subject of a possible takeover as it has struggled in the face of increased competition and depressed consumer spending.

Persons: JD.com, Currys Organizations: Elliott Investment Management Locations: London

☆ LinkedIn cofounder Reid Hoffman and Microsoft's AI chief are backing Abigail Spanberger's 2025 Virginia governor run
▼ + stars: | 2024-03-14 | by ( Ellen Thomas | ) www.businessinsider.com time to read: +5 min

Two of the tech industry's biggest AI champions are backing Rep. Abigail Spanberger's run for governor of Virginia in 2025, campaign finance records show. Hoffman donated $250,000 on November 30, and Scott donated $125,000 on December 22. The donations, representing a total of $500,000 are the three largest individual contributions on record for Spanberger's campaign, which ended 2023 with over $3.6 million in funds received. Aside from their personal connections to the state, Virginia is home to the largest concentration of data centers in the world. Hoffman has previously donated over $300,000 to WinVirginia, a PAC that supports Democratic candidates in the state.

Persons: Abigail Spanberger's, Reid Hoffman, Kevin Scott, Hoffman, Scott, Shannon Hunt, Hunt, Prince William County, they're, Spanberger, Glenn Youngkin, Ohio US Sen, JD Vance, Joe Biden's, Nikki Haley, Ellen Thomas Organizations: Microsoft, Business, Democratic, Spanberger, University of Virginia, Culpeper ., CIA, Virginia Gov, Republican, LinkedIn, Ohio US, Trump Republicans, South Carolina Gov, PAC Locations: Virginia, Greylock, Prince William, Spotsylvania, Culpeper, Richmond, San Francisco Bay, Rural America, Silicon, Hampshire

☆ Hybrids are more popular than ever as shoppers cool on EVs
▼ + stars: | 2024-03-13 | by ( Nora Naughton | ) www.businessinsider.com time to read: +2 min

Fewer new-car shoppers are considering EVs for their next vehicle, according to JD Power, with shoppers citing a lack of access to charging infrastructure as a main reason for ruling out EVs. Brands that have leaned into hybrids saw better sales results in February. "Hybrids are just rockin,'" Toyota Motor North America's sales chief David Christ told Automotive News after it released its sales results last week. The Toyota RAV4 SUV is one of the more popular hybrids on dealer lots. Among American brands, Ford notched a 31.5% increase in hybrid sales, as these vehicles lured more new customers to the Blue Oval.

Persons: —, Power, David Christ, Ford, Jim Baumbick Organizations: Service, Tesla, Business, Brands, Toyota, Automotive, Blue, Ford

Mike DeWine of Ohio parted ways with Donald Trump on Monday and endorsed state Sen. Matt Dolan over Trump-backed businessman Bernie Moreno in the state's three-way GOP primary for a U.S. Senate seat. In breaking ranks with the former president, DeWine called Dolan the party's best shot at defeating Democratic incumbent Sherrod Brown in November. Ohio’s state GOP was the first in the nation to endorse Trump for president this year. Only about two weeks ago, DeWine told reporters he didn’t plan any endorsement in the GOP primary, which also features Ohio Secretary of State Frank LaRose, his fellow state officeholder. Moreno campaigned Monday throughout central Ohio with Trump-backed South Dakota Gov.

Persons: Mike DeWine, Donald Trump, Sen, Matt Dolan, Bernie Moreno, DeWine, Dolan, Sherrod Brown, Brown, didn't, Fran, ”, “, Trump, Frank LaRose, Rob Portman, DeWine's, Moreno, LaRose, ” Moreno, Kristi Noem, He's, Donald Trump Jr, Ohio's Trump, JD Vance, Jim Jordan, Rand Paul of Kentucky, Ted Cruz, Newt Gingrich, who's, Joe Biden Organizations: — Republican Gov, Trump, U.S, Senate, Democratic, Republican, Ohio, GOP, Moderate, Green Beret, Cleveland Guardians, South Dakota Gov, Republican U.S, Trump fighter U.S . Rep Locations: COLUMBUS , Ohio, Ohio, Cleveland, Sens, Ted Cruz of Texas, U.S

☆ Stocks making the biggest moves premarket: Palantir, CrowdStrike, Foot Locker and more
▼ + stars: | 2024-03-06 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Foot Locker — Shares tumbled about 9.7% after the sneaker retailer posted a holiday-quarter loss and provided weak guidance for the current year. CrowdStrike's adjusted earnings of 95 cents per share surpassed an LSEG consensus estimate of 82 cents per share. The firm's $845 million in revenue was also higher than the estimated $839 million. That's higher than analysts' calls for $1.65 per share on revenue of $5.81 billion, according to LSEG. Box — The stock added 2.9% after matching fourth-quarter revenue expectations, according to LSEG.

Persons: Foot, CrowdStrike, Palantir, ChargePoint, FactSet, Ross, Bitcoin, Nordstrom, —, Jesse Pound, Michelle Fox Theobald Organizations: —, U.S . Army, Tactical Intelligence, Ross, OpenAI, Nordstrom

☆ Stocks making the biggest moves midday: CrowdStrike, Palantir, Super Micro Computer, Brown-Forman and more
▼ + stars: | 2024-03-06 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

JD.com — The Chinese e-commerce platform surged nearly 19% after posting a quarterly revenue increase. Thor Industries — Shares plunged 11% after the recreational vehicle maker posted quarterly revenue that disappointed expectations. In its second quarter, Thor Industries reported revenue of $2.21 billion, weaker than the FactSet consensus estimate of $2.27 billion. Box posted fourth-quarter earnings of 42 cents per share, topping the forecast 38 cents in earnings per share from analysts polled by LSEG. Wall Street firms HSBC and Deutsche Bank upgraded Target to buy after the earnings results.

Persons: CrowdStrike, JD.com, Nordstrom, Morgan Stanley, Locker, HashiCorp, LSEG, Couchbase, Bitcoin, Ether, ChargePoint, Wolfe, Brown, Forman —, Forman, Jack Daniel's, Adam Jonas, Tesla, Fitch, — CNBC's Michelle Fox, Lisa Kailai Han, Hakyung Kim, Pia Singh, Samantha Subin Organizations: Management, Nordstrom, New York Community Bancorp, Reuters, Wall, Bank, — Bank, PNC Financial Services, Northern Trust, T Bank, Thor Industries, FactSet, ChargePoint Holdings, LSEG, OpenAI, —, U.S . Army, Tactical Intelligence, Wall Street, HSBC, Deutsche Bank, Target, Argus, Abercrombie, Fitch, Tech Locations: FactSet ., LSEG .

The decision to blow open five tank cars and burn the toxic chemical inside them after a freight train derailed in Eastern Ohio last year wasn't justified, the head of the National Transportation Safety Board told Congress Wednesday. “There was another option: let it cool down.”However, that information was never relayed to Ohio Gov. But the agency won't release its final report on what caused the Feb. 3, 2023, derailment until it holds another hearing this June. "The successful controlled release prevented a potentially catastrophic uncontrolled explosion.”Krissy Ferguson, 49, has not been able to return home since the derailment. The NTSB has said that it appears an overheating bearing on one of the railcars caused the derailment.

Persons: wasn't, Jennifer Homendy, ” Homendy, Mike DeWine, Dan Tierney, ” Tierney, “ Nobody, Keith Drabick, Homendy, Oxy, Drew McCarty, Republican Sen, JD Vance, Drabick, “, Vance, Norfolk, ” Krissy Ferguson, ” Misti Allison, ” Allison, ”, Alan Shaw, Patrick Orsagos Organizations: National Transportation Safety, Norfolk Southern, “, Ohio Gov, Palestine Fire, Professional Services, Republican, NTSB, Associated Press Locations: Eastern Ohio, East Palestine , Ohio, East Palestine, Columbus , Ohio

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