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☆ Live updates: Russia's war in Ukraine, Blinken in Kyiv at crucial point
▼ + stars: | 2024-05-14 | by ( Ivana Kottasová | Michelle Shen | ) edition.cnn.com time to read: +1 min

Ukraine's President Volodymyr Zelensky told US Secretary of State Antony Blinken that his country urgently needs more air defenses as it faces increased attacks from Russia in the east. "Air defense (is) the biggest deficit for us. I think that the biggest problem is ... today we really need two Patriots for Kharkiv region because there are people under attack: civilians and warriors. They are under Russian missiles," Zelensky told reporters ahead of his meeting with Blinken. "Instead, Russian forces are exploiting the degradation of Ukraine’s air defense umbrella caused by continued delays in Western security assistance and appear to be leveraging tactical adaptations stemming from several months of Russian efforts to test Ukrainian air defenses," the Washington-based group said in a report.

Persons: Volodymyr Zelensky, Antony Blinken, Zelensky Organizations: Patriots, Ukraine Locations: Russia, Kharkiv, Russian, Washington

☆ Travel spending not slowing down anytime soon, says Michelle Meyer
▼ + stars: | 2024-05-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTravel spending not slowing down anytime soon, says Michelle MeyerMichelle Meyer, chief U.S. economist at Mastercard Economics Institute, joins CNBC's 'The Exchange' to discuss travel spending trends, what new Mastercard data shows about the strength of the consumer, and more.

Persons: Michelle Meyer Michelle Meyer Organizations: Mastercard Economics Institute, Mastercard

☆ Stocks making the biggest moves midday: AMC, GameStop, Sony, Planet Fitness and more
▼ + stars: | 2024-05-14 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines in midday trading: Meme stocks — Meme stocks roared for a second day with GameStop surging more than 65% and AMC popping over 70%. AMC's Tuesday rally came even after the movie theater said it completed a $250 million stock sale during Monday's wild trading. Sony — U.S.-listed shares jumped 5.3% after quarterly revenue came in at 3.5 trillion yen, topping the consensus expectation of 2.89 trillion yen from analysts polled by LSEG. On Holding — The shoe maker jumped 16% after first-quarter earnings came in well ahead of analysts' expectations. Boston Beer Company — Shares added 1% after the beer brewer was upgraded by Jefferies to buy from hold.

Persons: United, Newell Brands, Roth, —, Yun Li, Michelle Fox, Samantha Subin, Hakyung Kim, Brian Evans Organizations: GameStop, AMC, Sony —, LSEG, Vodafone — U.S, United Airlines —, Barclays, Boston Beer, Jefferies, JPMorgan Locations: Europe

☆ Top bond fund manager Ford O'Neil of Fidelity reveals his 'secret sauce' to generate outperformance
▼ + stars: | 2024-05-14 | by ( Michelle Fox | ) www.cnbc.com time to read: +6 min

He previously took home the title of Morningstar fixed-income manager of the year in 2016. Generating long-term outperformance The largest among the many funds O'Neil co-manages is the Fidelity Total Bond Fund (FTBFX), which has $35.8 billion in assets and a 5.32% 30-day SEC yield. From December 2004 through the end of March 2024, Fidelity Total Bond Fund's 3.7% annualized gain topped the typical intermediate core-plus bond Morningstar Category fund's 3.3% and the 3.1% of its benchmark, the Bloomberg U.S. The 'secret sauce' The fixed-income team also benefits from teaming up with equity analysts when they talk to corporate executives, public agencies and government issuers. "If you're a buyer of nominal yields, you're finding the market very attractive.

Persons: Fidelity's Ford O'Neil, O'Neil, O'Neil —, Morningstar, Ford …, Dan Culloton, Morningstar's Culloton, FTBFX, it's Organizations: Fidelity, Harvard University, One, CNBC, Harvard, Bond Fund, SEC, Bloomberg U.S, Total Bond, Bond, Federal Reserve, Fed, Treasury Locations: Wharton, U.S

☆ Stocks making the biggest premarket moves: GameStop, AMC, Alibaba, Sony and more
▼ + stars: | 2024-05-14 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Check out the companies making the biggest moves in premarket trading: Meme stocks -- GameStop soared 120%, adding to the 74.4% it gained Monday , after the man who fueled the 2021 GameStop frenzy "Roaring Kitty" posted online for the first time in about three years. Shares of AMC popped 106%, while Reddit and Robinhood added 4% and nearly 6%, respectively. Alibaba -- U.S.-listed shares shed nearly 5% after the Chinese e-commerce giant reported an 86% drop in profits for its fiscal fourth quarter . However, Alibaba beat revenue expectations, coming in at 221.9 billion Chinese yuan ($30.7 billion) versus the LSEG consensus estimate of 219.66 billion yuan. Sony -- U.S.-listed shares added 3% after the PlayStation maker reported quarterly revenue of 3.5 trillion yen, topping the 2.89 trillion yen, per LSEG.

Persons: Kitty, Robinhood, FactSet, —, Jesse Pound, Alex Harring Organizations: GameStop, AMC, Home, LSEG, Revenue, Sony, PlayStation, Vodafone, Walmart, Wall Street Journal, United Airlines, Novo Nordisk

☆ Fed’s Powell is unfazed by the latest hot inflation reading
▼ + stars: | 2024-05-14 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +3 min

Tuesday’s wholesale inflation data, which jumped to its highest rate in a year, certainly wasn’t a source of comfort. “I wouldn’t call it hot, I would call it sort of mixed,” Powell said Tuesday, referring to the new wholesale inflation data. Federal Reserve Chair Jerome Powell (center) spoke Tuesday at an event hosted by the Foreign Bankers' Association alongside European Central Bank Governing Council member Klaas Knot. Another troubling sign for US central bankers is consumers’ belief that inflation will move higher in the year ahead, according to two surveys Fed officials monitor closely. That can lead to higher prices.

Persons: Jerome Powell, Powell, Price, ” Powell, ”, Klaas, Michelle Bowman Organizations: New, New York CNN, Foreign Bankers ’ Association, European Central Bank Governing, Federal, Foreign Bankers, Association alongside European Central Bank Governing, Foreign Bankers Amsterdam, ” Locations: New York

☆ Jimmy Carter: Grandson says former president is ‘coming to the end’
▼ + stars: | 2024-05-14 | by ( Michelle Shen | ) edition.cnn.com time to read: +3 min

CNN —Jimmy Carter’s grandson said Tuesday that the former president is “coming to the end” in a brief update about the 39th president’s health. “(My grandfather) is doing OK,” Jason Carter said at a mental health forum named in honor of his grandmother, the late former first lady Rosalynn Carter, at the Carter Center. “My grandmother’s passing was a difficult moment for all of us, including my grandfather,” Jason Carter said Tuesday. In 1977, Carter made it her signature cause, notably through the creation of the President’s Commission on Mental Health. Her efforts resulted in increased research funding, broader treatment access and innovative approaches to mental health care.

Persons: Jimmy Carter’s, Jason Carter, Rosalynn Carter, I’ve, there’s, Jimmy Carter, George H.W, Bush, “, ” Jason Carter, ” Rosalynn Carter, America’s, Carter, Anwar Sadat, Menachem Begin Organizations: CNN, Carter, Mental Health, Atlanta Braves, CBS, Accords, Israeli, Democrat Locations: Georgia, Pa, United States

☆ Opinion | Killing Dogs. Taunting the Homeless. Praising Al Capone. This Is Trump’s Party.
▼ + stars: | 2024-05-13 | by ( Michelle Goldberg | ) www.nytimes.com time to read: +2 min

John McEntee — who started out carrying Donald Trump’s bags and rose to become, in the chaotic final days of Trump’s presidency, his most important enforcer — has a TikTok account. In a video he published last week, he explains how he likes to keep “fake Hollywood money” in his car to give to homeless people. Kristi Noem, thirsty for a bigger role in MAGA world, might have thought she could ingratiate herself by bragging about killing a puppy. Partly in response, they’ve developed what’s sometimes called vice signaling, the defiant embrace of cruelty and disdain for social norms. And no one, of course, does vice signaling like Trump, who keeps comparing himself to the gangster Al Capone.

Persons: John McEntee —, Donald Trump’s, Trump’s, —, ”, Trump, Patrick Bateman, Christian Bale, Kristi Noem, MAGA, ingratiate, they’ve, George, Bateman, Ron DeSantis, Al Capone Organizations: White, Office, South Dakota Gov, Florida Gov

☆ 'The house is burning down': Money expert's advice for a couple with over $620,000 in debt
▼ + stars: | 2024-05-13 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +2 min

Each month, they pay $3,700 for their mortgage, $3,342 on their credit card debt and $2,495 on their auto loans. 'The house is burning down'When Sethi asked Kevin and Michelle why they needed help despite their high income, Kevin said impulse buys like drinks at 7-Eleven have really added up. The couple owes $73,000 in credit card debt and $99,000 on two auto loans for luxury cars. "That's a total distraction from what's really going on here, which is the house is burning down." At the time of the podcast's recording, the couple's fixed costs came out to about 73% of their monthly income.

Persons: Ramit Sethi, Rich, Kevin, Michelle, Sethi

☆ Stocks making the biggest moves premarket: GME, NVDA, INTC, KVUE
▼ + stars: | 2024-05-13 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Kenvue — Shares declined nearly 2% after Kenvue announced Johnson & Johnson will sell its 9.5% stake stake in the company. The consumer health company completed its spinoff from Johnson & Johnson in May 2023. The company's balance sheet deterioration was also a point of concern for the stock, according to the firm. Demand for international travel and a rebound in corporate travel will support the stocks, according to the firm. Incyte — The biopharmaceutical company jumped more than 5% Monday after it approved a $2 billion share repurchase program.

Persons: Kitty, Jefferies, Blayne Curtis, Kenvue, Johnson, Squarespace, Penn, Susquehanna, —, Samantha Subin, Jesse Pound, Michelle Fox, Pia Singh, Fred Imbert Organizations: GameStop, Arm, Nikkei, Nvidia, Intel, Street Journal, Apollo Global Management, Kenvue, Johnson, Penn Entertainment, Bank of America, Airline, American Airlines, HSBC, Delta, Susquehanna Locations: Ireland, Delta

☆ S&P 500 to fall 500 points and getting to 2% inflation soon is 'pipe dream,' Stifel says
▼ + stars: | 2024-05-13 | by ( Michelle Fox | ) www.cnbc.com time to read: +1 min

Stifel Financial is predicting a rough road ahead for the S & P 500 . The investment bank forecasts the benchmark stock index will tumble about 500 points to 4,750 in the second or third quarter — a correction of roughly 10%. "As a result, the sustained 2% Core PCE inflation the Fed seeks is a pipe dream." Stifel's inflation model shows a jump in core personal consumption expenditures to just over 3% in the second half of this year. The S & P 500 is up about 9.5% year to date.

Persons: Barry Bannister, Bannister Organizations: PCE

☆ The Miss Teen USA first runner-up declined to take over the title, saying she'd 'never give up' her integrity
▼ + stars: | 2024-05-13 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +6 min

Read previewThe Miss Teen USA first runner-up won't be taking over as queen. On Wednesday, Miss Teen USA UmaSofia Srivastava announced she was resigning from her position just two days after Miss USA Noelia Voigt gave up her crown. Stephanie Skinner declined the title of Miss Teen USASkinner, who represented New York in the Miss Teen USA pageant, announced on Instagram that she "decided to decline the title of Miss Teen USA 2023." AdvertisementSkinner told BI she still hopes to hold a national pageant title someday, but it won't be Miss Teen USA. Miss USA Noelia Voigt and Miss Teen USA UmaSofia Srivastava resigned their titles.

Persons: —, Miss Teen USA UmaSofia Srivastava, Miss USA Noelia Voigt, Miss Teen USA's, Stephanie Skinner, wouldn't, Skinner, I've, Srivastava, Voigt, Noelia Voigt, Chance Yeh, Claudia Michelle, Miss Colorado Arianna Lemus, Lemus, Miss Hawaii USA Savannah Gankiewicz Organizations: Service, Teen USA, Miss Teen USA, Miss USA, Miss Hawaii Savannah Gankiewicz, Business, Miss, Miss Teen, University of Pennsylvania, Miss Hawaii Locations: New York, Thailand, I'm, USA, Instagram, Miss USA, Miss Hawaii USA Savannah

☆ Miss Colorado didn't want to enable the Miss USA organization's 'abusive power' so she's giving up her title in support
▼ + stars: | 2024-05-11 | by ( Anneta Konstantinides | ) www.businessinsider.com time to read: +9 min

Their announcements marked the first time a Miss USA or Miss Teen USA had given up their title in the pageant's 72-year history. "I think so many women forget their power, and organizations like Miss USA remind women how powerful you can become," Lemus told Business Insider. Taking a stand against Miss USA leadershipTo walk away from a title — whether state or national — is unprecedented in the Miss USA organization. "But if I didn't, it would almost enable the abusive power that is happening with the current Miss USA management." Both Miss Teen USA UmaSofia Srivastava and Miss USA Noelia Voigt resigned this week.

Persons: —, Miss Colorado Arianna Lemus, Miss USA Noelia Voigt, Miss Teen USA UmaSofia Srivastava, Lemus, Voigt, Srivastava, Instagram, Claudia Michelle —, Michelle, Former Miss Montana Dani Walker, Laylah Rose hasn't, Lemus —, Miss USA, she's, Miss Kansas Haley Berger, Berger, Laylah Rose, Voight, Craig Barritt, Max Sebrechts, Crystle Stewart, Rose, Dakota Amber Hulse, wasn't, Arianna Lemus, Arianna, Hulse, …, it's Organizations: Service, USA, Miss, Miss Teen USA, Business, Miss USA, BI, Miss Hawaii, Former Miss, Miss Colorado Locations: Miss USA, Miss Hawaii Savannah, Miss Colorado

☆ Opinion: Hear me out — ‘Speed 3’ is the sequel we need
▼ + stars: | 2024-05-11 | by ( Opinion Patricia Grisafi | ) edition.cnn.com time to read: +4 min

After all, we are so used to seeing older men playing action heroes with all the verve and pep of younger men. The original “Speed,” which was directed by Jan de Bont, came out in 1994 and grossed about $350 million worldwide. Let’s pretend “Speed 2: Cruise Control” (1997) never happened — the movie was a flop, and Reeves wasn’t even in it. Older female actors in action roles often feel disposable and replaceable. But there’s something satisfying about seeing familiar characters age in exciting ways — and about seeing an older woman kick ass.

Persons: Patricia Grisafi, Mary Sue, CNN — Patricia Grisafi, Patricia Grisafi “ Indiana Jones, ”, Karen Allen, Marion Ravenwood, ” Marion, — slinging, we’re, Keanu Reeves, Sandra Bullock, Keanu, ” Bullock, Bullock, Reeves, John Wick, Jan de Bont, Reeves wasn’t, Jack, Annie, Howard Payne’s, Sparks, “, Max, Charlize Theron, George Miller, Anya Taylor, Joy, Max Fury, Furiosa, Miller, Michelle Yeoh, They’re, wistfully Organizations: Guardian, Salon, NBC, Los Angeles, Daily, CNN, Indiana Jones, “ Raiders, verve, Twitter, Facebook Locations: Kingdom, Nepal

☆ BMO is buying the real estate dip. These dividend-yielding stocks on are its buy list
▼ + stars: | 2024-05-10 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Real estate stocks have become oversold and that's presented an opportunity for investors, according to BMO. Real estate is the only S & P 500 sector that's in the red this year, off 6%. .SPLRCR YTD mountain S & P 500 Real Estate Sector year to date BMO identified four other periods of this abnormal underperformance. In the year following such troughs, real estate investment trusts outperformed the S & P 500 by about 17%, on average. "The death of commercial real estate is way, way precluded.

Persons: that's, Brian Belski, Belski, REITs, Charles Meyers Organizations: BMO, Real, Boston Properties, CNBC, Boomers, . Census, Hotels, Resorts Locations: New York, San Francisco

☆ Opinion | After College Presidents, Republicans Are Coming for Liberal Donors
▼ + stars: | 2024-05-10 | by ( Michelle Goldberg | ) www.nytimes.com time to read: +2 min

In a letter to Attorney General Merrick Garland this week, the Republican senator Josh Hawley demanded a federal investigation into dark money groups subsidizing “pro-terrorist student organizations” holding anti-Israel protests on college campuses. He cited Politico reporting linking big liberal philanthropies to some pro-Palestinian organizers. Open Society Foundations, for example, founded by the oft-demonized George Soros, has given grants to the anti-Zionist Jewish Voice for Peace, which has an active university presence. That’s one reason I fear that the backlash to the pro-Palestinian campus movement — which includes lawsuits, hearings and legislation — could help Republicans wage war on progressive nonprofits more broadly. If they do, the right would be following a well-worn authoritarian playbook.

Persons: General Merrick Garland, Josh Hawley, George Soros, Hawley, “, Garland, Donald Trump, Trump, Rachel Kleinfeld, Kleinfeld, it’s Organizations: Politico, Society, Jewish Voice, Soros, Carnegie Endowment, International, Service, Carnegie Locations: Israel, Hungary

Donald Trump is searching for a running mate, and his list of potential candidates is getting smaller and smaller. This week, the hosts discuss whether Trump is considering other qualities beyond loyalty, and they debate what his eventual choice could mean for the future of Trumpism in the Republican Party. Plus, Michelle wants to worm her way into candidate medical records. (A full transcript of this audio essay will be available within 24 hours of publication in the audio player above.)

Persons: Donald Trump, Michelle Organizations: Trump, Republican Party

☆ Stock market today: Dow aims for 8-day win streak with next week's CPI report in focus
▼ + stars: | 2024-05-10 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

US stocks jumped on Friday as the Dow Jones Industrial Average vied for an 8-day win streak. The upcoming April CPI report next week is the big data point that could move markets. AdvertisementUS stocks edged higher on Friday, setting the Dow Jones Industrial Average up for a potential eight-day win streak. Next week, investors will be laser-focused on the Wednesday release of April's inflation report, with economists expecting a 0.3% rise in the consumer price index. Fundstrat's Tom Lee said a light CPI report next week could set the stock market up for more gains in May.

Persons: —, Jerome Powell, Michelle Bowman, Lorie Logan, Austan Goolsbee, Neel Kashkari, Michael Barr, Tom Lee, Lee Organizations: Dow Jones, Federal Reserve, Service, Federal Locations: Fundstrat, Here's

☆ Stock market today: Dow hits 8-day winning streak ahead of key inflation report
▼ + stars: | 2024-05-10 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

The strong gains in May come ahead of a key CPI report, set to be released on Wednesday. AdvertisementUS stocks traded higher on Friday, securing an eight-day winning streak for the Dow Jones Industrial Average. Fed Governor Michelle Bowman said she doesn't expect any interest rate cuts this year, while Fed President Lorie Logan said its still too early to be thinking about interest rate cuts based on the latest inflation data. The report will offer insights into when the Fed might move forward with interest rate cuts. Fundstrat's Tom Lee expects a lower-than-expected inflation report, which should send dovish signals to the Fed and push stocks higher for the rest of May.

Persons: —, Michelle Bowman, Lorie Logan, Fundstrat's Tom Lee, Lee Organizations: Dow, Fed, Service, Dow Jones, Federal Locations: Here's

☆ Stocks making the biggest moves midday: Novavax, Taiwan Semiconductor, Sweetgreen and more
▼ + stars: | 2024-05-10 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Sweetgreen — Sweetgreen popped 36% after surpassing first-quarter revenue expectations. The company also raised its full-year guidance for revenue and adjusted earnings before interest, taxes, depreciation and amortization. Array's first-quarter adjusted earnings came in at 6 cents per share on revenue of $153.4 million. Victoria's Secret — Shares rose almost 6% after the intimate apparel maker reported better-than-expected preliminary first-quarter results and reaffirmed its guidance. Mettler-Toledo posted first-quarter adjusted earnings of $8.89 per share on revenue of $925.9 million.

Persons: Sanofi, Sweetgreen, LSEG, Array's, FactSet, Natera, Insulet, JFrog, Yun Li, Michelle Fox, Brian Evans, Hakyung Kim, Darla Mercado Organizations: French, Taiwan Semiconductor Manufacturing, Unity Software, LSEG, Technologies, Akamai Technologies, Revenue, —, Norton, Citi, Toledo —, Mettler Locations: Toledo

☆ Stocks making the biggest moves premarket: Yelp, Sweetgreen, Novavax, Akamai Technologies and more
▼ + stars: | 2024-05-10 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

Akamai Technologies — Shares of the cloud company fell more than 10% after issuing weak guidance for the second quarter. Akamai sees adjusted earnings ranging from $1.51 to $1.56 per share on revenue of $967 million to $986 million. Sweetgreen — The salad chain popped 5% after Sweetgreen reported first-quarter revenue of $158 million, topping the LSEG consensus estimate of $152 million. Analysts polled by FactSet called for a loss of 4 cents a share on revenue of $141.2 million. The DNA testing company posted a loss of 56 cents per share, while analysts had estimated a loss of 71 cents, per StreetAccount.

Persons: Akamai, Sweetgreen, Array's, FactSet, Bumble, StreetAccount, LSEG, Sanofi, Yelp's, Macheel, Jesse Pound, Michelle Fox Organizations: LSEG, —, Gen, Revenue, Management, Unity Software, HSBC, 3M Locations: Norton

☆ Treasury yields pause for breath as traders digest strong jobs data
▼ + stars: | 2024-05-10 | by ( Katrina Bishop | ) www.cnbc.com time to read: +2 min

The 2-year Treasury yield, meanwhile, was marginally higher at 4.819%. U.S. Treasury yields were broadly flat early Friday as traders digested the jump in weekly jobless claims and what this could mean for interest rates. Relief at the auction outcome means traders are now firmly focused — once again — on the interest rate trajectory of the Federal Reserve. Weekly initial jobless claims, released Thursday, hit their highest level since August 2023, coming in at 231,000. It comes after the Bank of England on Thursday held interest rates as expected, but raised expectations of a cut in June.

Persons: —, Henry Allen, Treasurys, Dallas, Lorie Logan, Neel Kashkari, Goolsbee, Michelle Bowman Organizations: Treasury, U.S, Federal Reserve, Deutsche Bank, Bank of England Locations: U.S, Minneapolis

☆ Coral reefs are experiencing another global bleaching event. Growing corals on artificial reefs could help save them
▼ + stars: | 2024-05-09 | by ( Michelle Cohan | ) edition.cnn.com time to read: +6 min

Like other coral reefs, over the last few decades, this vibrant ecosystem has been suffering from the effects of climate change, with the National Oceanic and Atmospheric Administration recently reporting a fourth global mass bleaching event – the second in the last decade. Bleaching happens when the corals become stressed due to changes in their environment and expel the colorful algae living on them. University of MiamiIn partnership with the city of Miami Beach, two hybrid reefs were deployed in March 2023. Coral gardeningLirman’s team has been growing and testing coral colonies at the university for more than 15 years. A global problemOcean ecosystems are declining and suffering around the world, Lirman says.

Persons: ”, Diego Lirman, Lirman, ” Lirman, “, Emily Esplandiu, they’ve, “ We’re Organizations: CNN, Miami, National Oceanic, Atmospheric Administration, University of Miami, North Miami Beach, International Maritime Organization, Miami Beach, Dade, US Department of Defense Locations: Miami Beach , Florida, North Miami, Miami Beach, Miami

☆ Stocks making the biggest premarket moves: Planet Fitness, Warner Bros Discovery, Yeti, Airbnb and more
▼ + stars: | 2024-05-09 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

Quarterly revenue was $248 million, versus the $249.5 million expected from analysts polled by FactSet. Klaviyo guided for second-quarter revenue of $211 million to $213 million, higher than the $210 million expected from analysts polled by LSEG. AppLovin reported earnings per share of 67 cents, versus the 57 cents expected from analysts polled by LSEG. Bumble reported earnings per share of 19 cents, versus the 7 cents expected from analysts polled by FactSet. Adjusted earnings per share were 7 cents, versus the 6 cents expected.

Persons: Revenue, Klaviyo, AppLovin, AMC's, Duolingo, LSEG . Bumble —, Bumble, Warby Parker, Warby, Roblox, —, Jesse Pound, Tanaya Macheel, Alex Harring, Samantha Subin Organizations: FactSet, Warner Bros, LSEG, postmarket, Revenue, AMC, FactSet . Revenue, Wall Locations: British

☆ Miss Teen USA UmaSofia Srivastava steps down just days after Miss USA’s resignation
▼ + stars: | 2024-05-09 | by ( Christy Choi | ) edition.cnn.com time to read: +4 min

CNN —Miss Teen USA resigned Wednesday, sending further shock waves through the pageant community just days after Miss USA said she would relinquish her crown. In an Instagram post Wednesday, Miss Teen USA UmaSofia Srivastava said her “personal values no longer fully align with the direction of the organization.”“After months of grappling with this decision, I have made the choice to resign from the title of Miss Teen USA 2023,” wrote Srivastava in a statement on her personal account. Srivastava and the Miss Universe and Miss USA organizations did not immediately respond to CNN’s requests for comment. Voigt recently resigned from her Miss USA title. On Monday, Noelia Voigt stepped down from her Miss USA title, citing her mental health.

Persons: Miss Teen USA UmaSofia Srivastava, ” “, ”, Srivastava, “, Noelia Voigt, Voigt, Hector Vivas, Claudia Michelle, Michelle Organizations: CNN, Miss Teen USA, Miss USA, Miss Teen, New Jersey, National Honor Society, Miss, 72nd Miss, El, Miss USA Organization, USA Locations: New, Miss USA, El Salvador, Venezuelan American, Utah, United States

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