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☆ Fujian: China’s newest aircraft carrier heads to sea for first time
▼ + stars: | 2024-05-01 | by ( Brad Lendon | ) edition.cnn.com time to read: +5 min

Seoul, South Korea CNN —China’s newest, largest and most-advanced aircraft carrier, the Fujian, took a big step to joining the world’s largest naval fleet on Wednesday as it set out from Shanghai for its first sea trials. “The sea trials will primarily test the reliability and stability of the aircraft carrier’s propulsion and electrical systems,” read an announcement from the state-run Xinhua news agency on Wednesday. The warship was launched in 2022 and has “completed its mooring trials, outfitting work and equipment adjustments” working up to the latest sea trials, Xinhua said. A tugboat tows China's third aircraft carrier, the Fujian, away from a dock in east China's Shanghai on May 1, 2024. The American aircraft carrier USS Gerald R. Ford is seen from the air anchored in Italy in the Gulf of Trieste on September 18, 2023.

Persons: Li Tang, ”, John Bradford, Carl Schuster, Gerald R Ford, ” Bradford, Gerald R, Ford, Andrej Tarfila, Schuster, ” Schuster, Brian Hart, Yuan Huazhi, John F Kennedy, Doris Miller Organizations: South Korea CNN —, Jiangnan Shipyard, Maritime Safety Administration, Xinhua, Liberation Army, United States Navy, PLAN, Foreign Relations International Affairs, US, Pacific Command’s Joint Intelligence, Nimitz, Ford, Center for Strategic, International Studies, Analysts, American, Chinese Defense Ministry, China Power, CSIS, Times, US Navy, Enterprise Locations: Seoul, South Korea, Fujian, Shanghai, East China, Jiangnan, Shandong, Liaoning, Italy, Gulf of Trieste, China

☆ The world's happiest countries are targeting net-negative emissions — despite a growing 'greenlash'
▼ + stars: | 2024-05-01 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +6 min

It is aiming to be the first high-income country to reach net zero emissions in 2035 and net negative by 2040. Denmark, which the World Happiness Report recognized as the world's second-happiest country, is targeting net zero by 2045 — and net negative by 2050. Thierry Monasse | Getty Images News | Getty ImagesDanish Climate Minister Lars Aagaard said the need for negative emissions was clear. He added that Denmark's ability to achieve net negative emissions would hinge upon policies implemented over the next five to seven years. Sopa Images | Lightrocket | Getty Images

Persons: Sergei Gapon, Thierry Monasse, Lars Aagaard, Denmark's Aagaard, —, Stefano Guidi, Donald Trump, Joe Biden, Trump, Biden, Kai Mykkänen, Mykkänen, Moscow … Organizations: Afp, Getty, Atlantic ., Agriculture Ministers, CNBC, Lars Aagaard Danish Climate, United Arab Emirates, Union, Nationalist, Former U.S, Finnish Climate Locations: Copenhagen, Denmark, Atlantic, Atlantic . Finland, Finland, Brussels, Belgium, Lars Aagaard Danish, Panama, Europe, Germany, France, Turin, Italy, U.S, November's, Paris, Finnish, Helsinki, Montreal, Beijing, Moscow, of Finland, Neva Guba

☆ Cyberattack on UnitedHealth firm forces doctors to dig into personal savings to stay afloat
▼ + stars: | 2024-04-30 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +19 min

Change Healthcare offers payment and revenue cycle management tools, and other solutions such as electronic prescription software. On Feb. 21, UnitedHealth Group , which owns Change Healthcare, discovered that hackers compromised part of the unit's information technology systems. UnitedHealth told CNBC earlier this month that there is "no evidence of any new cyber incident at Change Healthcare." It's just one of the ways Change Healthcare touches cash flow within the health-care sector. A controversial mergerSheldon Cooper | Sopa Images | Lightrocket | Getty ImagesUnitedHealth's ownership of Change Healthcare has raised eyebrows from the outset.

Persons: Omar Marques, Dr, Angeli Maun Akey, Akey, she's, UnitedHealth, I've, Andrew, Mike Bradley, Barbara McAneny, McAneny, Sarah Carlson, Carlson, Sheldon Cooper, Optum, Michael Nagle, Tyler Kisling, Kisling, he's, There's, it's, Purvi, Parikh hadn't, they've, Amit Phull, Phull, Igor Golovniov Organizations: Lightrocket, CNBC, Healthcare, UnitedHealth, U.S . Securities, Exchange Commission, Change, Inc, Bloomberg, Getty, U.S, American Medical Association, AMA, U.S . Department of Justice, DOJ, U.S . Department of Health, Human Services, Wall Street, New York Stock Exchange, Change Healthcare Locations: Gainesville , Florida, U.S, Minnetonka , Minnesota, UnitedHealth's, New Mexico, Boulder , Colorado, California, New York City, UnitedHealth

In this article JPY= Follow your favorite stocks CREATE FREE ACCOUNTThe Japanese yen has weakened significantly against the dollar in 2022. Stanislav Kogiku | SOPA Images | LightRocket | Getty ImagesThe Japanese yen weakened to 160 against the U.S. dollar in Monday morning trading in Asia. The yen briefly touched 160.03 against the dollar, the weakest level since April 1990 when it touched 160.15, according to FactSet data. The yen has traded around 150 or weaker against the dollar since the Bank of Japan ended its negative interest rate regime in March. Japanese authorities have repeatedly warned against "excessive" moves in the yen, but have made no official announcements about bolstering the currency.

Persons: Stanislav Kogiku, Kazuo Ueda, Ueda, Vincent Chung, Rowe Price's, Chung Organizations: U.S, greenback, Bank of Japan Locations: Asia

☆ Klarna scores major payment deal with Uber ahead of hotly anticipated IPO
▼ + stars: | 2024-04-24 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

Rafael Henrique | SOPA Images | LightRocket via Getty ImagesKlarna on Wednesday announced a global partnership with Uber to power payments for the ride-hailing giant's Uber and Uber Eats apps. The partnership will see the Swedish financial technology firm added as a payment option in the U.S., Germany, and Sweden, Klarna said in a statement. In the U.S., Germany, and Sweden, Klarna will roll out its "Pay Now" option, which lets customers pay off an order instantly in one click, in the Uber and Uber Eats apps. The company will also offer an additional payment option for Uber users in Sweden and Germany which allows users to bundle purchases into a single, interest-free payment that gets taken out of their monthly salary. The firm recently launched a monthly subscription plan in the U.S. to lock in "power users" ahead of its anticipated IPO.

Persons: Rafael Henrique, Uber, giant's Uber, Klarna, Sebastian Siemiatkowski, Siemiatkowski, SoftBank Organizations: Getty, Wednesday, Klarna, Bloomberg News, CNBC, Nike, Instacart Locations: Swedish, U.S, Germany, Sweden, Ukraine

☆ Jim Cramer says this data center equipment firm continues to be a winner in the AI boom
▼ + stars: | 2024-04-24 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

CNBC's Jim Cramer on Wednesday suggested that Vertiv 's red-hot business and stock may not cool anytime soon. Over the past 12 months, Vertiv shares have soared nearly 600%. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: CNBC's Jim Cramer, Cramer, Vertiv, Dave Cote, Cote, Jensen Huang, Jim Cramer's, Jim Cramer, Jim, Pavlo Gonchar Organizations: Honeywell International, Cramer's Charitable Trust, CNBC, Club, Honeywell, Nvidia, Vertiv Holdings, Getty Locations: Cramer's, Ohio

☆ Elon Musk vs Australia: Fight heats up over Sydney church stabbing video on X
▼ + stars: | 2024-04-24 | by ( Hilary Whiteman | ) edition.cnn.com time to read: +8 min

The country’s e-safety commissioner ordered social media giants to take it down. Australia wants X to remove the video completely, not just hide it from Australian users who could circumvent a local ban by using virtual private networks. With her message to Musk, Australian Senator Jacqui Lambie posted an image of herself in army fatigues taken at a Veteran Mentors' Junior Leadership camp in January. President David Adler told CNN he hadn’t been asked to take it down, either by X or Australia’s e-safety commissioner. In a statement Wednesday, Australia’s eSafety commissioner said the takedown request wasn’t designed to stifle discussion about the church attack.

Persons: Elon Musk, that’s, X, ’, Anthony Albanese, Jacqui Lambie, “, hadn’t, ”, fatigues, AJA, David Adler, Adler, AJA hasn’t, Krissy Barrett, Reece Kershaw, Marcus Hoyne, Bishop, Bishop Mar Mari Emmanuel, Joanne Gray, Grzegorz Wajda, Gray, Musk, Musk’s, Australia’s, Lambie’s Organizations: Australia CNN, Christian Church, Australian, Leadership, Australian Jewish Association, CNN, ” CNN, Joint Counter, Counter, New South Wales Police Seven, Australian Federal Police, AFP, Australia’s Security Intelligence Organisation, National Press Club, Musk, Court, Bishop Mar, Good Shepherd, University of Sydney, European Jewish Association, X Corp Locations: Brisbane, Australia, Sydney, Tasmania, United States, New, Australia’s, Krakow, Poland

☆ TikTok's time in the US could soon be on the clock, and that's not the app's only problem
▼ + stars: | 2024-04-23 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

The big storyTick-tock on TikTokChelsea Jia Feng/BITikTok's time in the US could soon be on the clock. When it's all said and done, a TikTok ban could be in place before the week's end. Business Insider's Peter Kafka explains why the TikTok ban, while more imminent than ever, still has a long way to go . A TikTok ban would benefit one familiar face in social media, though, writes BI's Katie Notopoulos . YouTube Shorts, too, stand to grab more attention after a TikTok ban.

Persons: —, Caitlin Clark's, Chelsea Jia Feng, ByteDance, Joe Biden, it's, Business Insider's Peter Kafka, Michael Beckerman, TikTok, hawking, BI's Lindsay Dodgson, outperforming, Katie Notopoulos, Merrill Lynch, Tyler Le, Andy Sieg's, Merrill, Lindsay Hans, Eric Schimpf, It's, Steve Cohen's, Grzegorz Wajda, Hokyoung Kim, Nordstrom, Tesla, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, Nike, Bloomberg Intelligence, YouTube, Big Tech, New York Stock Exchange, NYSE, Chelsea, Getty, Walmart, BI, Costco, Amazon, Motors, Spotify Locations: Americas, TikTok, Merrill, China, American, New York, London

☆ 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

☆ Danaher shares jump 7% as the turnaround in biotech spending finally arrives
▼ + stars: | 2024-04-23 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Shares of Danaher popped more than 7% on Tuesday after the life sciences company delivered beats across its three main businesses — a sign the long-awaited turnaround in the biotech industry is finally here. Danaher Why we own it : Danaher is a best-in-class life sciences and diagnostics company, with a management team who have proven time and again their ability to find new ways to grow. The turnaround is now in effect, with bioprocessing orders up on a sequential basis. Within the segment, bioprocessing sales fell a "high teens" percentage, while discovery and medical declined 20% year over year. Diagnostics sales advanced 7.5% on a core basis to $2.53 billion.

Persons: Danaher, Blair, Beckman Coulter, Jim Cramer's, Jim Cramer, Jim, Igor Golovnov Organizations: LSEG, Bloomberg, Biotechnology, Management, CNBC, Getty Locations: bioprocessing, China, North America, Europe

☆ A major headwind for TikTok could be the ultimate tailwind for Meta's Facebook and Instagram
▼ + stars: | 2024-04-22 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

META mountain 2022-11-03 Meta's stock performance since Nov. 3, 2022, which marked its lowest close during its dramatic sell-off that year. In a recent Wedbush consumer survey, 60% of TikTok users who responded said either Facebook or Instagram were their top alternatives if TikTok were to be banned. That was followed by 19% of TikTok users who said they would go to YouTube. Meanwhile, Deutsche Bank said Meta's stock could see more upside in light of a potential TikTok ban. After initially being a drag on revenue, Meta has said Reels is now a positive contributor across its apps.

Persons: Jim, Joe Biden, ByteDance, Shou Zi Chew, TikTok, –, FactSet, monetization, Philipp Schindler, We'll, Jim Cramer's, Jim Cramer, Avishek Das Organizations: Facebook, Chinese Communist Party, CNBC, Street, Meta, YouTube, Google, Wedbush Securities, Deutsche Bank, Getty Locations: U.S, Washington, Ukraine, Israel, Taiwan, China

☆ ‘Heart-breaking’: Refugees once detained offshore by Australia warn the UK government not to push through its Rwanda policy
▼ + stars: | 2024-04-22 | by ( Antoinette Radford | ) edition.cnn.com time to read: +11 min

The policy enjoys bipartisan political support in Australia, with both the coalition and Labor governments backing offshore detention. And on face value, the UK’s proposed offshore detention policy follows a similar model to that of Australia. Australia’s own offshore detention policy has been heavily criticized and fraught with controversy – but still seems to exert considerable appeal for some UK politicians. Another difference between two nations stems from the fact Australia does not have a human rights charter, Tubakovic said. She notes that the UK is still bound by human rights obligations, particularly as a signatory to the European Convention on Human Rights.

Persons: CNN — “, Behrouz Boochani, “, ”, Boochani, Mostafa Azimitabar –, –, ” Azimitabar, Rwanda Bill, Dan Kitwood, Rishi Sunak, Tony Abbott, Jonas Gratzer, Alexander Downer, Downer, Tamara Tubakovic, “ It’s, Tubakovic, David Gray, ” Tubakovic Organizations: CNN, Kurd, European, of Human, Australia’s Department of Home Affairs, Labor, Refugee Council of Australia, ‘, Conservative, English Channel, UK Border Force, University of Melbourne, University of Oxford, Human Rights, of Human Rights, UN, Reuters Locations: New Zealand, Papua New Guinea, Iran, Indonesia, Australia, Nauru, Manus, Melbourne, United Kingdom, Rwanda, England, Britain, British, France, Sydney

☆ Critical mineral mining is key to the green transition, but experts warn reputational risks remain
▼ + stars: | 2024-04-19 | by ( Dylan Butts | ) www.cnbc.com time to read: +5 min

Sopa Images | Lightrocket | Getty ImagesMining of critical minerals plays a crucial role in the global green transition, but the broader industry's bad reputation and other challenges present investment barriers, industry experts warn. Critical minerals include metals such as copper, lithium, nickel, cobalt and rare earth elements, and are important components in emerging green technologies such as wind turbines and electric vehicles. Speaking on a panel at Singapore's annual Ecosperity Week, which ended Wednesday, mining industry experts and investors said the growing demand from green tech makes it necessary to increase government support and capital flows into the critical mining sector. Many of the same companies that mine critical minerals also mine environmentally damaging fossil fuels like coal. One area that has seen recent strides and investments has been in the recycling of critical minerals, which cuts down the need of extraction.

Persons: Adam Matthews, Dominic Barton, Barton, Scott Clements Organizations: PT Vale, Getty Images, Global Investor Commission, Mining, Royal Bank of Canada, Rio Tinto, LeapFrog Investments, International Renewable Energy Agency, EV, World Bank, Tribeca Capital Locations: PT Vale Indonesia, China, Paris, Rio, Indonesia's Sulawesi, Rio Tinto, Western Australia

☆ Ukraine's facing a perfect storm of problems, and a vote in Congress could make or break its war with Russia
▼ + stars: | 2024-04-19 | by ( Chris Panella | ) www.businessinsider.com time to read: +14 min

The House is expected to soon vote on a long-awaited aid package including support for Ukraine and Israel. If the stalled aid package is approved, it remains to seen how the rollout of aid will go. Wojciech Grzedzinski/Anadolu via Getty ImagesWhile US lawmakers have spent months debating Ukraine aid, Russia has been given a golden opportunity. As the Russian war machine fires up, the army is putting pressure on Ukraine's defenses, seeing where it can potentially break through and seize territory. AdvertisementJohnson's planned foreign aid package comes in at a similar cost and includes about $61 billion for Ukraine.

Persons: —, Frederick Kagan, Kostiantyn, It's, Kagan, GENYA SAVILOV, Volodymyr Zelenskyy, Ukraine's, Mick Ryan, 2S3, Wojciech Grzedzinski, it's, Franz, Stefan Gady, Gady, Ryan, Mike Johnson, Republican opposers, Johnson, Johnson's, Scott Peterson, Jose Colon, William Burns, Zelenskyy, Vladimir Putin, Lev Radin Organizations: Service, Washington DC, American Enterprise Institute, Business, Armed Forces, Getty Images, Australian Army, Ukrainian 63rd Brigade, Getty, International Institute for Strategic Studies, Russian, Ukraine, NATO, Archer Artillery, Roman, Republican, Democrats, Republicans, Pentagon, Anadolu, CIA, Russia, UNITED STATES, Pacific Press, Ukrainian Locations: Ukraine, Israel, Russia, Washington, Chernigiv, AFP, Getty Images Ukraine, Russian, Lyman, Donetsk Oblast, Anadolu, Europe, Taiwan, Ukrainian, Kharkiv, Izyum, China, North Korea, Poland, American

☆ Citadel Securities blasts Trump Media CEO Devin Nunes over DJT short selling letter
▼ + stars: | 2024-04-19 | by ( Dan Mangan | ) www.cnbc.com time to read: +3 min

Al Drago | Bloomberg | Getty ImagesCitadel Securities ripped Trump Media CEO Devin Nunes on Friday for a letter he sent the Nasdaq Stock Market which mentioned Citadel Securities and other major market companies after warning of possible illegal short sale trading in DJT shares. "Devin Nunes is the proverbial loser who tries to blame 'naked short selling' for his falling stock price," said a spokesperson for Citadel Securities. Citadel Securities' founder and non-executive chairman Ken Griffin is a major donor to Republican candidates — among them the former GOP congressman Nunes. "If he [Nunes] worked for Citadel Securities, we would fire him, as ability and integrity are at the center of everything we do," the spokesperson added. "Data made available to us indicate that just four market participants have been responsible for over 60% of the extraordinary volume of DJT shares traded: Citadel Securities, VIRTU Americas, G1 Execution Services, and Jane Street Capital," Nunes wrote.

Persons: Devin Nunes, Al Drago, Ken Griffin, Nunes, Donald Trump, Pavlo Gonchar, Adena Friedman, Friedman Organizations: Truth, Conservative Political, Bloomberg, Getty, Citadel Securities, Trump Media, Nasdaq, Securities, GOP, Republican, CNBC, Lightrocket, Trump, Trump Media & Technology Group Corp, VIRTU, Jane Street Locations: National Harbor , Maryland, VIRTU Americas

☆ How electric trucks are becoming the norm for moving cargo
▼ + stars: | 2024-04-18 | by ( Jonathan Keane | ) www.cnbc.com time to read: +6 min

Drayage trucks, which bring cargo from ports to warehouses nearby, must make the move to electric by 2035 in the U.S. state. Transitioning fleets to electricAcross the Atlantic, Dutch brewer Heineken recently partnered with Swedish electric truck start-up Einride to make the transition to electric. Getting more electric trucks to carry cargo on the road, especially for long-distance journeys, will need to be spearheaded by cargo owners that want their goods moved sustainably. Many of the new trucks will be deployed in markets where DFDS has not yet moved to electric trucks, including in the U.K. In California, Lime's use of electric trucks has been driven by legislation that states all drayage trucks must be zero-emissions by 2035.

Persons: Andrew Savage, we've, Savage, Arjen van der Woude, that's, van der Woude, Sweden's, Robert Falck, " Falck, Lime's Savage Organizations: PT Vale, Hight Logistics, CNBC, Heineken, DFDS, Volvo Locations: PT Vale Indonesia, China, California, U.S ., North America, Los Angeles, Long, Canada, Dutch, Swedish, Netherlands, Germany, Europe, Rotterdam

☆ Malaysia is unfazed by China, U.S. semiconductor competition, minister says
▼ + stars: | 2024-04-18 | by ( Sumathi Bala | ) www.cnbc.com time to read: +1 min

KUALA LUMPUR, MALAYSIA - 2018/01/24: A foreigner is seen with a Malaysia flag as a background. Kuala Lumpur or commonly known as KL is the national capital for Malaysia and is the fastest growing metropolitan regions in South-East Asia. (Photo by Faris Hadziq/SOPA Images/LightRocket via Getty Images)Malaysia isn't fazed about competition from China or the U.S. as it pushes into higher-end semiconductor manufacturing, according to the country's second finance minister. "We're seeing a lot of end users now diversifying their supply chain. Our focus, actually, is to provide a very vibrant, strong supply chain connectivity, and make sure that we ride on that."

Persons: Faris Hadziq, Amir Hamzah Azizan, Karen Tso, Amir Hamzah Organizations: Getty Images Locations: KUALA LUMPUR, MALAYSIA, Malaysia, Kuala Lumpur, South, East Asia, China, Washington

☆ Lion Cafe: A classical music cafe in the middle of Tokyo’s busy Shibuya area
▼ + stars: | 2024-04-17 | by ( Maggie Hiufu Wong | ) edition.cnn.com time to read: +4 min

CNN —Walking into the Lion Cafe, in Tokyo’s Shibuya district, the first thing one notices is the seating. “Meikyoku kissa is a place that plays classical music, where customers can listen to music, have a drink and relax,” says Naoya Yamadera, the current manager of the Lion Cafe. The cafe has more than 10,000 classical music CDs and records. Many people are not familiar with classical music, so I’d like them to get used to it in places like here,” says Yamadara. For more on the Lion Cafe, watch the video at the top of this story.

Persons: ”, Naoya Yamadera, Yanosuke, John S Lander, Yamadera, they’ve, “ Organizations: CNN, Lion Locations: Tokyo’s Shibuya, Tokyo, America, Europe, Japan

☆ AMD rolls out its latest chips for AI PCs as competition with Nvidia and Intel heats up
▼ + stars: | 2024-04-16 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +2 min

AI PCs are personal computers equipped with processors designed to perform AI tasks, such as real-time language translation and summarization. Referring to them as the most powerful chips yet for business PCs, AMD said the Ryzen Pro 8040 series processors for laptops and the Ryzen Pro 8000 series processors for desktops are built with the advanced 4-nanometer technology. These new AMD chips will compete against Nvidia's and Intel's chips that are specifically designed for AI PCs. Instead, it outsources the manufacturing of its chips to semiconductor foundries, mainly to the world's largest contract chipmaker Taiwan Semiconductor Manufacturing Company . AMD and Intel have talked up AI PCs as a new era for the industry.

Persons: Omar Marques Organizations: Getty Images, Nvidia, Intel, AMD, HP, Lenovo, Taiwan Semiconductor Manufacturing Company, TSMC Locations: POLAND

☆ Freetrade, Britain's answer to Robinhood, posted its first quarterly profit
▼ + stars: | 2024-04-15 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

Freetrade reported adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) of £100,000 ($124,863) in the first quarter of 2024, according to unaudited financial statements shared with CNBC. Freetrade still generated a loss of £8.3 million in 2023, down from the £28.8 million loss it racked up the year before. "We defied difficult market conditions and delivered healthy growth in 2023 while dramatically reducing losses" in 2022, said Adam Dodds, CEO and founder of Freetrade. Net inflows totalled £130 million in the first quarter, too, as retail investor activity grew in response to resurgent markets last year. Equity markets saw serious drops in 2022 as a result of macroeconomic uncertainty and higher interest rates stoked by Russia's full-fledged invasion of Ukraine, which triggered a risk-off trade around the world.

Persons: Rafael Henrique, Freetrade, Adam Dodds, who've, Dodds, we've, Russia's Organizations: Getty, CNBC, Freetrade, Equity Locations: Ukraine

☆ Why Hawaii is becoming a leader in U.S. EV adoption
▼ + stars: | 2024-04-13 | by ( Michael Wayland | ) www.cnbc.com time to read: +5 min

Alex Tai | SOPA Images | Lightrocket | Getty ImagesU.S. consumers have been making the move to all-electric vehicles more slowly than many expected — but a growing leader in EV adoption is Hawaii. Power's "EV Adoption Score," which is weighted based on market, consumer preference and EV availability, among other conditions, with a score of 33.8. Hawaii also is the top state for EV adoption that hasn't agreed to the California Air Resources Board's Zero-Emission Vehicle program, according to J.D. (For reference, the "Hawaii Belt" around the Big Island, or Hawaii Island, is only about 260 miles.) Power reports the top-selling EVs in the state are the Tesla Model Y, Tesla Model 3 and Ford F-150 Lightning.

Persons: Alex Tai, Elizabeth Krear, hasn't, Ivan Drury, Edmunds, Drury, –, I'm, Scott Sageman, Hawaii Aloha Kia Russell Wong, Wong, there's, That's Organizations: Tesla, Getty, EV, California Air Resources, Hawaii that's, AAA, Ford, Aloha Kia, Hawaii Aloha, Aloha, Kia, Gallup Locations: Honolulu , Hawaii, Hawaii, Power, California, Washington, J.D, ., Washington , Oregon, Colorado, Waikiki, U.S, Waipahu, EVs, Edmunds

☆ Families who sued social media companies years ago are taking matters into their own hands
▼ + stars: | 2024-04-13 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +16 min

Now there are hundreds of such lawsuits against social media platforms, alleging teenagers across the country have been harmed from exposure to social media, according to Matthew Bergman, the founder of the Social Media Victims Law Center, from where many of these lawsuits have been filed. Jaime Puerta said he has met with police departments, government agencies and schools to discuss the dangers of social media platforms. Mayor Eric Adams makes announcement on lawsuit against social media companies at City Hall in New York City. Next, she said she wants to work with lawmakers to help increase the age requirement to access social media sites. Donna and Chris Dawley have attended conferences, events and Congressional hearings to raise awareness about social media addiction.

Persons: Jaime Puerta’s, Daniel, Puerta, Snapchat, Matthew Bergman, Koukichi Takahashi, TikTok, ” Puerta, “, ”, Jaime Puerta, Meta, Gail Flatt, Sarah’s, Sarah, Flatt, Republican Sen, Marsha Blackburn, Sen . Blackburn, Blackburn, Mark Zuckerberg, who’ve, “ I’m, Norma Nazario, Zackery, Eric Adams, Nazario, Lev Radin, Ron DeSantis, Jaime Puerta – Amy Neville, Alexander, –, she’s, Neville, ” Amy Neville, Alexander Neville, Amy Neville, Democratic Sen, Amy Klobuchar, Sen, Klobuchar, Sabine Polak, Polak, Mileva, ” Polak, Repasky, it’s, Cece Nelter, Independence , Kentucky –, Instagram, Cece, Nelter, Donna, Chris Dawley –, CJ, ” Donna Dawley, Prince Harry, Meghan Markle, Chris Dawley, Donna Dawley “, Donna Dawley, “ We’ve Organizations: CNN, International Association for Suicide Prevention, Befrienders, Social Media, Law, Meta, Adobe, Big Tech, Los Angeles, Central Intelligence Agency, CIA, Homeland Security, Centers for Disease Control, Prevention, Drug, Administration, Federal, Facebook, Wall, Northern District of, Republican, Union, New York City, New York, City Hall, Pacific Press, TikTok, Florida Republican, Snapchat, Alexander Neville Foundation, Alexander, Parent, Academy, Democratic, Media, Free Schools Movement Locations: Northern District, Northern District of California, Instagram, Tennessee, Biden’s, New York, New, New York City, Florida, United States, Minnesota, Phoenixville , Pennsylvania, ”, Independence , Kentucky

☆ Ford stock can go higher by taking a page of out Detroit rival GM's playbook
▼ + stars: | 2024-04-12 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

General Motors is buying back a ton of stock; Ford, so far, not so much. Before the buyback disclosure late this year, Ford had been down 10%, which was less than GM's 14% decline. In 2023, Ford spent $5.33 billion on dividends and stock repurchases, with only 6.3% of that total on buybacks. In guidance alongside Q4 numbers, Ford said it expects warranty costs for full-year 2024 to be flat year over year. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Ford, Jim Cramer, General Motors, Adrian Yanoshik, Jim, Morgan Stanley, Adam Jonas, Jonas, BEV, John Lawler, Redburn's Yanoshik, Jim Cramer's, Paul Hennessy, LightRocket Organizations: General Motors, Ford, GM, CNBC, General, United Auto Workers, Capital, Renaissance, Getty

☆ Nike CEO says focus on its own website and stores went too far as it embraces wholesale retailers again
▼ + stars: | 2024-04-12 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +1 min

Illuminated trademark of the American athletic footwear and apparel corporation Nike, Inc. seen on the Nike Store window in Antwerp, Belgium. The strategy allowed Nike to earn far more from its sales and gain better insights about its customers through data collection. Over the last four years, Donahoe said Nike tripled its mobile and digital business from about 10% of overall sales to 30%. Shifting to a direct model is capital-intensive and saddled Nike with the headaches of returns and owned inventory, which had typically fallen on wholesale partners. On top of that, department stores and specialty shops are massive customer acquisition engines.

Persons: Karol Serewis, John Donahoe, Donahoe, CNBC's Sara Eisen Organizations: Nike, Inc, Getty Images Locations: Antwerp, Belgium, Paris

☆ What all the cool kids want. How 6 portfolio stocks fared in Piper Sandler's new survey of teen likes and dislikes
▼ + stars: | 2024-04-09 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Piper Sandler has released the spring edition of its semiannual "Taking Stock With Teens Survey," with solid results for several names in our portfolio. They added, that in their view, the Starbucks brand remains a "relevant social currency among teens." But they noted that Nike is now "starting to see weakness in overall brand mindshare." As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Piper Sandler, it's, Estee Lauder, Locker —, Instagram, TikTok, China's ByteDance, Dunkin, Locker, Foot, Jim Cramer's, Jim Cramer, Jim, Avishek Das Organizations: Teens Survey, Apple, Facebook, Apple Watch, Starbucks, MAC, Sporting Goods, Nike, Piper, CNBC, Getty Locations: Piper's, Israel, Asia

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