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☆ Coterra's smart pivot to oil from natural gas leads to an excellent first quarter and sweeter outlook
▼ + stars: | 2024-05-02 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Coterra Energy Why we own it: Formed by the merger of Cabot Oil & Gas and Cimarex, Coterra Energy is an exploration-and-production company with a high-quality, diversified asset portfolio. In addition, we were pleased to see Coterra raise its full-year oil production outlook without moving its capex guidance. Coterra's mix of oil and natural gas acreage gives it the flexibility to adjust its drilling focus. However, the oil guide was higher and natural gas production was lighter than anticipated. Permian Basin rigs in 2020, when U.S. crude oil production dropped by 3 million a day as Wall Street pressure forced cuts.

Persons: It's, Coterra, Tom Jorden's, we've, We'll, Jim Cramer's, Jim Cramer, Jim, Paul Ratje Organizations: Coterra Energy, Revenue, LSEG, Cabot Oil & Gas, EQT Corp, Devon Energy, Oil, Texas, Coterra, CNBC, Afp, Getty Locations: U.S, repurchased, Houston, Marcellus

☆ Corporate earnings solid so far, despite threats from a slowing economy and sticky inflation
▼ + stars: | 2024-04-29 | by ( Bob Pisani | ) www.cnbc.com time to read: +6 min

Valuations coming down So if earnings are up, why is the S & P off its highs? Today, a month later, 2024 earnings estimates are essentially the same but the multiple has declined to 20.8. The S & P 500 hit a low of 4,117 on Oct. 27 and only recovered when rates came down in early November. There are some big drags on earnings Some companies are seeing large declines in earnings estimates that are weighing on their sectors. When including this one-time item, the S & P 500 earnings growth rate for the first quarter declines to 5.6%, from 8.7%, LSEG has noted.

Persons: Goldman Sachs, JPMorgan Chase, Morgan Stanley, Christopher Suh, Stephen Squeri, Hess, Nick Raich, LSEG, Hal Lawton, Brian Niccol, CNBC's Kate Rogers, Horton, Paul Romanowski, Kimberly, Clark, Michael Hsu Organizations: Companies, Netflix, JPMorgan, GE Aerospace, Caterpillar, Microsoft, Merck, Ford, Waste Management, Royal, Consumer, American Express, Energy, Marathon Petroleum, Apache, Valero Energy, Oil, Occidental Petroleum, Devon Energy, ConocoPhillips, Exxon Mobil, Scout, Bristol Myers Squibb, Karuna Therapeutics, Boeing, Nvidia, Meta, AMD Locations: financials, industrials, Royal Caribbean, North America

☆ 12 portfolio companies report earnings in the week ahead. What we want to hear from each
▼ + stars: | 2024-04-27 | by ( Zev Fima | ) www.cnbc.com time to read: +15 min

The action quickly and sharply reversed back to the upside Friday after blowout earnings reports from Alphabet and Microsoft . In the week ahead, earnings are likely to drive the action again, though we'll get a few important macroeconomic reports. Earnings: We've got the biggest week of the earnings season ahead of us, with 12 Club holdings set to report. Eli Lilly 's report Tuesday morning continues to be all about sales of type-2 diabetes treatment Mounjaro and weight-loss drug Zepbound. In DuPont 's report Wednesday morning, we're looking for a continued rebound in its semiconductor business following a sequential increase last quarter.

Persons: Ford, we'll, Dow Jones, We've, Buckle, Eaton, Eli Lilly, Lilly, We're, Estee Lauder, Fabrizio Freda, we've, Linde, Bausch, Royal Philips, Woodward, SIRI, Archer, Johnson, Stanley Black, Decker, BAX, Cardinal Health, Parker, Belden, Jim Cramer's, Jim Cramer, Jim Organizations: Nasdaq, Microsoft, Meta, Google Search, Big Tech, Nvidia, Broadcom, Ford Motor, Honeywell, Danaher, Labor Department, Labor, PMI, Services PMI, GE Healthcare, Amazon Web Services, Starbucks, Deutsche Bank, DuPont, Bausch Health, U.S ., Appeals, Apple, iPhones, Vision, ON Semiconductor, Resource Partners, Franklin Resources, Paramount, Transocean Ltd, Semiconductors, Arch Capital, Logitech International, Lattice Semiconductor, F5 Networks, Sanmina Corporation, GE HealthCare, PayPal, 3M Company, McDonalds, Enterprise Products Partners, Cola Company, Melco Resorts, Entertainment, SiriusXM Holdings, Oatly, American Electric Power Company, Leidos Holdings, Marathon Petroleum, Daniels, Midland Co, Equitrans Midstream Corporation, HSBC Holdings, HSBC, Devices, Caesars Entertainment, Lumen Technologies, Mondelez, Pfizer, CVS Health, Barrick, Mastercard Inc, Cruise Line Holdings Ltd, Kraft Heinz Company, Marriott International, Ares, Generac Holdings, Johnson Controls, Cenovus Energy Inc, Qualcomm, Devon Energy, Paycom, Axcelis Technologies, Coeur D'Alene Mines, Sunnova Energy International, MGM Resorts International, MGM, Solar Inc, Oil, Allstate, Co, Tenable Holdings, Enovix Corporation, Gladstone Capital, Avis Budget Group, eBay, EBAY, LIN, Novo Nordisk, Natural Resources, PENN Entertainment, Apache, ConocoPhillips, InMode Ltd, Baxter International, Cardinal, Regeneron Pharmaceuticals, Apollo Global Management, LLC, Cinemark Inc, Dominion Energy, Coterra Energy, Coinbase, Bill.com Holdings, Booking Holdings, United States Steel, AXT Inc, Materials, Energy, Hershey Company, XPO Logistics, Cboe, American Pipeline, Amneal Pharmaceuticals, Brookfield Business Partners, Brookfield Renewable Corporation, Magna International, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange, Bloomberg, Getty Locations: U.S, megaprojects, China, Eaton, Corning, Coeur D'Alene, Albemarle, ALB, Novo, New York

☆ The Fed will be the main event in the week ahead that includes a jobs report, more tech earnings
▼ + stars: | 2024-04-26 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

On top of that, the latest U.S. jobs market scorecard will be released along with more mega-cap earnings. This week, the U.S. 10-year Treasury yield briefly climbed above 4.7% for the first time since November. That's down sharply from the six or seven rate cuts investors were anticipating coming into the year. April jobs Investors will also get an update on the labor picture next week, with the release of the April nonfarm payrolls report set for Friday. Corporate earnings season will also ramp up in the week ahead with a slew of consumer-facing companies set to report.

Persons: Stocks, Powell, David Alcaly, Jerome Powell's, we've, they're, Brian Nick, Matt Stucky, it's, Stucky, Dow Jones, Nick, Archer, Eli Lilly, Kraft, Estee, Ingersoll Rand, Stanley Black, Decker, Hershey Organizations: Nasdaq, Google, Microsoft, Treasury, Lazard Asset Management, Macro, Northwestern Mutual Wealth Management Company, Fed, Apple, Micro Computer, Dallas Fed, Paramount, ON Semiconductor, Chicago PMI, Prudential Financial, Devices, Storage, Diamondback Energy, Caesars Entertainment, Corning, Daniels, Midland, Molson Coors Beverage, Marathon Petroleum, GE Healthcare Technologies, PayPal, ADP, P Global, Manufacturing, Oil, MGM Resorts International, Allstate, Etsy, eBay, Qualcomm, MetLife, First, Devon Energy, Cruise Line Holdings, Brands, Marriott International, Kraft Heinz, Pfizer, Companies, CVS Health, Generac, Mastercard, Labor, Nation Entertainment, Booking Holdings, Natural Resources, Motorola Solutions, Expedia, EOG, Coterra Energy, Dominion Energy, Howmet Aerospace, ConocoPhillips, Moderna, PMI, Services PMI Locations: U.S, Chicago, McDonald's, Albemarle, EOG Resources

☆ Poppy Harlow announces she will exit CNN after nearly two decades
▼ + stars: | 2024-04-26 | by ( Oliver Darcy | ) edition.cnn.com time to read: +3 min

CNN —Poppy Harlow, the longtime CNN anchor who most recently co-helmed “CNN This Morning,” announced Friday that she will exit the network. “The nearly two decades since have been a gift,” Harlow wrote in an email to colleagues. Jeremy FreemanThompson, after taking over from Licht, announced in February that he would reconfigure CNN’s morning lineup. CNN engaged in discussions with Harlow, but ultimately she decided to exit the network. ), and to support the evolution of journalism in every way I can, while preserving the human(ity) in it,” Harlow wrote.

Persons: Poppy Harlow, ”, ” Harlow, “, ” Mark Thompson, Harlow, ” Poppy Harlow, Mike Coppola, CNN “ She’s, ” Thompson, Warren Buffet, Mark Zuckerberg, Melinda Gates, Susan Wojcicki, Jamie Dimon, Chris Licht, Kaitlan Collins, Don Lemon, Lemon, Collins, Jeremy Freeman Thompson, Kasie Hunt Organizations: CNN, American Museum of, Boston Marathon, Washington , D.C, Harlow Locations: New York City, Paris, Licht, Washington ,

☆ I just watched Critical Role's heartbreak prince make fans lose their minds for 6 hours on Twitch. It shows why his crew rules nerd world.
▼ + stars: | 2024-04-26 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +4 min

Critical Role promotes the game by streaming it on their Twitch channel to their 1.3 million fans . AdvertisementThe latest three-episode installment of Candela is helmed by Critical Role core cast member Liam O'Brien, who I once called the crew's heartbreak prince. "You are not going to feel like an overpowered warrior in this game," O'Brien told me. To be sure, Critical Role and the projects the company is running, from animation to new tabletop games, are prime targets for investment in nerd world. AdvertisementFollowing their sold-out live show at London's Wembley Arena, Critical Role on Thursday announced that they're taking the game to a live venue in Los Angeles.

Persons: —, Denis Villeneuve's, who've, Liam O'Brien, Taliesin Jaffe, Imari Williams, Aimee Carrero, Alexander Ward, O'Brien ratcheted, O'Brien, Williams Organizations: Service, YouTube, Business, Darrington Press, CR, Amazon, London's Wembley, United Theater Locations: Los Angeles, LA

☆ Citi upgrades energy sector, says geopolitical tensions could keep oil prices higher for longer
▼ + stars: | 2024-04-22 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

The energy sector should continue to outperform as oil prices are likely to remain higher for longer on geopolitical risk even without a major escalation in the Middle East, according to Citi. The energy sector has gained 13% this year, outperforming the broader S & P 500 . .GSPE .SPX YTD mountain S & P 500 energy sector outperforms Refinery stock Marathon Petroleum is leading the sector's performance with a gain of 33% year to date. "Our commodity team see higher for longer oil given the geopolitical risk even as a severe escalation seems unlikely." "However, in the short-term, the global reflation theme and tensions in the Middle East are keeping prices supported," the Citi team told clients.

Persons: Dirk Willer Organizations: Citi, Energy, Marathon Petroleum, Exxon Mobil, Chevron, Brent Locations: Refinery, Israel, Iran, Rafah, Russia, Saudi Arabia

☆ Stocks making the biggest moves before the bell: Tesla, Verizon, Block, Alcoa and more
▼ + stars: | 2024-04-22 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Li Auto , Tesla — The electric vehicle makers tumbled more then 7% and 3%, respectively, following announcements of price cuts. Tesla chopped down the sticker price of its Model 3 in China, on top of decreases in other markets Reuters reported . Verizon — The telecommunications giant traded 1.5% higher as earnings per share came in ahead of expectations. Block — Shares added 0.7% after Bank of America reiterated its buy rating on the financial services stock. Hut 8 — Shares gained 2.6% after Benchmark initiated coverage of the data center operator with a buy rating, citing Hut 8's diversified business model and its sizeable bitcoin holdings.

Persons: Li Auto, Tesla, Li, Xpeng, JPMorgan Chase, Morgan Stanley, —, Lisa Kailai Han, Hakyung Kim, Sarah Min Organizations: Tesla, Reuters, Verizon, FactSet, Wall Street, JPMorgan, Marathon, Alcoa, Bank of America Locations: China, New York

☆ A woman who lost 105 pounds shares two things that made eating healthy and exercising regularly easier
▼ + stars: | 2024-04-22 | by ( Rachel Hosie | ) www.businessinsider.com time to read: +10 min

Megan Tjelle lost 55 pounds by walking and eating healthy in a calorie deficit. Tjelle had started a demanding career, and working night shifts as a nurse made it hard to develop healthy eating and exercise habits. Her plantar fasciitis, which she initially put down to her work, eased when she lost weight. As Tjelle lost weight, she gained confidence and could feel herself getting fitter as she was able to exercise more. AdvertisementAlthough her appetite dropped, she continued eating healthy meals and ensured she was consuming enough protein to help her hold on to muscle while losing fat.

Persons: Megan Tjelle, Tjelle, Wegovy, —, overeating, she'd, She'd, Megan Tjelle Tjelle, I've Organizations: Service, Research, FDA, Seattle Sutton, GPL Locations: Chicago, Seattle, Wegovy

☆ Crypto prices gain to start the week following first Bitcoin halving since 2020
▼ + stars: | 2024-04-22 | by ( Tanaya Macheel | ) www.cnbc.com time to read: 1 min

Bitcoin rose slightly to start the week after the network on Friday completed its fourth ever halving, which reduces the incentives paid to bitcoin miners. The price of the cryptocurrency was last higher by 1.8% at $65,891.28, according to Coin Metrics. Shares of public cryptocurrency miners got a lift premarket Monday, after rallying into the close Friday before the halving, which took place later that day. The biggest miners, Marathon Digital and Riot Platforms , gained about 3% and 5%, respectively. CleanSpark and Iris Energy increased 3% and 4%, respectively.

Persons: CleanSpark Organizations: Metrics, Marathon, Iris Energy

☆ Opinion | We Regulate a Tiny Fraction of the 12,000 ‘Forever Chemicals.’ There’s a Better Way.
▼ + stars: | 2024-04-21 | by ( Kathleen Blackburn | ) www.nytimes.com time to read: +1 min

Nothing about his predicament made sense to our family at the time. He was 38, a nonsmoker and nondrinker, with no history of cancer in his family. My parents were conservative evangelicals deeply skeptical of the medical industry, and his diagnosis kicked their beliefs into high gear. Traveling evangelists and local preachers claimed that the cancer was, in fact, a satanic attack. This gave us a way out: We simply had to muster enough faith to believe a miracle was possible and God would heal him.

Persons: who’d Organizations: Air Force, New York City Marathon Locations: West Texas

☆ Bitcoin miners brace for impact as halving goes live
▼ + stars: | 2024-04-21 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +17 min

The technical event is relatively simple: Bitcoin miners get paid in bitcoin to validate transactions, and after 210,000 blocks of transactions are computed and added to the main chain, the reward given to the miners securing bitcoin is 'halved.' The aggregate market cap of the 14 U.S.-listed bitcoin miners tracked by JPMorgan analysts declined 28% over the first half of April to $14.2 billion, reaching year-to-date lows. Some have billed the 2024 bitcoin halving as a seminal moment for the mining sector. Marathon, along with other mining firms, has begun diversifying its business model into ancillary operations beyond purely bitcoin mining. Sullivan continued, "Bitcoin mining sites can only be repurposed if they meet the attributes that are required for HPC.

Persons: AUSTIN , TEXAS — Adam Sullivan, bitcoin, Sullivan, they'll, it's, Core's Sullivan, Bitdeer, Needham, Haris Basit, Basit, Cantor Fitzgerald, Greg Beard, Beard, Bitdeer's, Jason Les, Les, Fred Thiel, Capex, Thiel, Stronghold's Beard, Nic Carter, Blackrock, Bill Barhydt, Barhydt, Island's Carter isn't, Carter, CoinShares Organizations: bitcoin, CNBC, JPMorgan, Cipher, Bitdeer Technologies, Mining, Miners, Riot, Island Ventures, Circuits, Nvidia, CoreWeave, Bitcoin, HPC Locations: AUSTIN , TEXAS, Texas, bitcoin, U.S, Rockdale , Texas, Singapore, Bitcoin, Hong Kong, Abra, Europe, Dalton , Georgia, North America

☆ London Marathon 2024: Peres Jepchirchir wins London Marathon women’s elite race and breaks women’s-only world record
▼ + stars: | 2024-04-21 | by ( Aimee Lewis | ) edition.cnn.com time to read: +2 min

CNN —It was billed as a race that would be harder to win than the Olympic marathon gold in Paris and the London Marathon’s elite women’s race did not disappoint as reigning Olympic champion Peres Jepchirchir won a hugely competitive race and set a new women’s-only world record. The field had a clutch of runners who were capable of breaking the record but it was Jepchirchir who made history, finishing ahead of Ethiopia’s world record holder Tigst Assefa in a sprint finish. I was not expecting to run a world record. I’m happy too to be in Paris for the Olympic marathon. Before the race a tribute was paid to world record holder and 2023 winner Kelvin Kiptum, who died in a traffic accident near his home in Kenya earlier this year.

Persons: Peres Jepchirchir, Mary Keitany, Jepchirchir, Tigst, Joyciline Jepkosgei, “, ” Jepchirchir, I’m, ” Alexander Mutiso Munyao, John Walton, Alexander Mutiso Munyao, Kenenisa Bekele, Emile Cairess, Kelvin Kiptum, Munyao, ”, Bekele, Marcel Hug, Catherine Debrunner Organizations: CNN, London, Olympic, Kenyan, BBC Sport Locations: Paris, jubilation, Kenya, ” Swiss

☆ Tunde Onakoya: Nigerian chess champion breaks world record for longest chess marathon
▼ + stars: | 2024-04-20 | by ( Ifeanyi Abraham | For Cnn | ) edition.cnn.com time to read: +3 min

CNN —Nigerian chess champion and child education advocate Tunde Onakoya has broken the record for the longest chess marathon after playing for an extraordinary 60 hours nonstop under the bright lights of New York City’s Times Square. The Guinness World Record organization has not yet confirmed Onakoya’s attempt, which can sometimes take weeks, but for many Nigerians, the 29-year-old is already considered something of a national hero. Onakoya played against Shawn Martinez, a US chess champion, in accordance with the Guinness World Record guidelines that any attempt to break the record must be made by two players who play continuously for the duration. Onakoya founded Chess in Slums Africa, which seeks to empower children in underprivileged communities by using chess to enhance critical thinking and problem-solving skills, in Lagos. People celebrate as Tunde Onakoya marks 46 hours for consecutively playing a chess game in Times Square, Friday, April 19, 2024, in New York.

Persons: Tunde, Onakoya, Hallvard Haug Flatebø, Let’s, Shawn Martinez, Martinez, Davido, Adekunle, Bola Tinubu, Ajuri Ngelale, “, Tinubu, Yuki Iwamura, Solomon Passy, Russell Makofsky Organizations: CNN, New York City’s, Guinness, Nigeria’s, Champion, People, Times Locations: Nigerian, New York, Africa, Norway, Manhattan, Nigeria, Lagos, Berlin, Bulgarian, US

☆ How a Jack Dorsey-backed bitcoin miner uses a volcano in Kenya to turn on the lights in rural homes
▼ + stars: | 2024-04-20 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +9 min

watch nowHELL'S GATE, Kenya — Two-and-a-half hours northwest of Nairobi by car, a small group of bitcoin miners set up shop at the site of an extinct volcano near Hell's Gate National Park. "That doesn't happen without the bitcoin miners and us being globally distributed." MacKenzie SigalosWherever the operation, bitcoin mining is a volatile business, because so much of the economics depends on the price of the cryptocurrency. Before getting into bitcoin mining, he and his two co-founders, Philip Walton and Janet Maingi, spent years building internet connectivity infrastructure in rural and urban Africa. Demand from bitcoin miners on these semi-stranded assets is making renewables in Africa economically viable.

Persons: Jack Dorsey's, MacKenzie Sigalos, Erik Hersman, Bitcoin, Gridless, Lake Naivasha, bitcoin, Adam Sullivan, Philip Walton, Janet Maingi, Michael Gottschalk, Nic Carter, Carter, Hersman, It's, it's Organizations: CNBC, Kenyan, Core, Deutsche Bank, Marathon, United Arab, Getty, Island Ventures, Miners, International Energy Agency Locations: Kenya, Nairobi, Lake Naivasha, Malawi, Zambia, Venezuela, Lebanon, Gate, Lake, U.S, Texas, Russia, China, America, Africa, Toronto, Argentina, Florida, United Arab Emirates, Paraguay, Hersman, Sudan, Iceland, El Salvador, Bhutan

☆ Beijing half-marathon winner stripped of medal after 3 African runners let the Chinese athlete overtake, video appears to show
▼ + stars: | 2024-04-20 | by ( Cameron Manley | ) www.businessinsider.com time to read: +3 min

Organizers of Beijing's half-marathon stripped the winner of his gold medal, say reports. Video evidence appeared to show African runners slow to allow China's He Jie to overtake and win. Robert Keter then waves at He to overtake and signals to the other two African runners to pull back. AdvertisementThe investigation revealed the three African runners to be pacemakers, hired by Chinese sports company Xtep, which sponsored both He and the Beijing Half Marathon, but it did not inform the organizers. AdvertisementAll four runners' results have been revoked, and they will be stripped of their trophies, medals, and bonuses.

Persons: Jie, Kenya'sWilly Mnangat, —, Kenya's Robert Keter, Willy Mnangat, Mnangat, Robert Keter, Xtep, Zhong'ao Organizations: Service, Guardian, BBC Sport, South China Morning, World, Sports Management Co Locations: Beijing, BBC Sport Africa

☆ On ‘The Tortured Poets Department,’ Taylor Swift Could Use an Editor
▼ + stars: | 2024-04-19 | by ( Lindsay Zoladz | ) www.nytimes.com time to read: +2 min

If there has been a common thread — an invisible string, if you will — connecting the last few years of Taylor Swift’s output, it has been abundance. Her last LP, “Midnights” from 2022, rolled out in multiple editions, each with its own extra songs and collectible covers. What Swift reveals on her sprawling and often self-indulgent 11th LP, “The Tortured Poets Department,” is that this stretch of productivity and commercial success was also a tumultuous time for her, emotionally. — there was a second “volume” of the album, “The Anthology,” featuring 15 additional, though largely superfluous, tracks. Gone are the character studies and fictionalized narratives of Swift’s 2020 folk-pop albums “Folklore” and “Evermore.” The feverish “Tortured Poets Department” is a full-throated return to her specialty: autobiographical and sometimes spiteful tales of heartbreak, full of detailed, referential lyrics that her fans will delight in decoding.

Persons: Taylor, Swift, ‘, ’ ” Swift, Department ” Organizations: Poets Department, Department

☆ The Bitcoin network completes the fourth-ever ‘halving’ of rewards to miners
▼ + stars: | 2024-04-19 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

watch nowThe Bitcoin network on Friday evening completed its fourth "halving," reducing the rewards earned by miners to 3.125 bitcoins from 6.25. After the 2012, 2016 and 2020 halvings, the bitcoin price ran up about 93x, 30x and 8x, respectively, from its halving day price to its cycle top. Hash rates are a measure of the computational power used to process transactions on the bitcoin network. "The market so far has seen bitcoin mining stocks as mere BTC proxies, in absence of bitcoin ETFs," said Bernstein analyst Gautam Chhugani. "[The] Bitcoin halving is already partially priced in by the market and we do not expect prices to increase significantly following the halving event," the firm's Marion Laboure said in a note Thursday, adding that it "has been widely anticipated in advance due to the nature of the Bitcoin algorithm."

Persons: Reginald Smith, Bernstein, Gautam Chhugani, MARA, Nikolaos Panigirtzoglou, Marion Laboure Organizations: Metrics, JPMorgan, BTC, IRIS, Deutsche Bank Locations: Friday's

☆ Beijing half marathon winners stripped of medals after African trio let Chinese runner win
▼ + stars: | 2024-04-19 | by ( Nectar Gan | ) edition.cnn.com time to read: +2 min

Hong Kong CNN —The top four finishers of the Beijing Half Marathon have been stripped of their medals after an investigation found three African runners deliberately slowed down near the finish line to let a Chinese competitor win, according to organizers. The three African runners were invited to join the race as pacemakers by Chinese sports company Xtep, which sponsored both He and the Beijing Half Marathon, according to the committee. But Xtep failed to note the trio as pacemakers to the race operator, Zhong’ao Lupao Beijing Sports Management company, the committee said. The committee disqualified the operator from hosting the Beijing Half Marathon and banned Xtep from sponsoring any more races this season. He is ranked 74th in the world in the men’s marathon by World Athletics and is expected to lead the way for Asian runners in the upcoming Paris 2024 Summer Olympics.

Persons: China’s, Jie, Kenya’s Willy Mnangat, gesturing, Robert Keter, Ethiopia’s, Xtep, Xtep “, ” Organizations: Hong Kong CNN, Beijing Sports Management, Marathon, World Athletics Locations: Hong Kong, Beijing, Kenya, China

☆ Stocks making the biggest moves midday: Duolingo, JetBlue, Tesla, D.R. Horton and more
▼ + stars: | 2024-04-18 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

JetBlue Airways — Shares jumped 4.1% after JPMorgan upgraded the airline to neutral from underperform, saying it likes its turnaround potential. Barnes Group — The global industrial tech and aerospace stock jumped 9.3% after DA Davidson upgraded the company to buy from neutral, saying shares are attractive. Blackstone — The asset manager slipped 2.3% after lowering its dividend to 83 cents per share from 94 cents per share. Horton exceeded expectations in its fiscal second quarter, posting earnings of $3.52 per share on revenue of $9.11 billion. Elevance Health — Shares jumped 3.2% after the health insurance company posted an earnings beat and raised its full-year guidance.

Persons: Estee Lauder, Tesla, Emmanuel Rosner, Rosner, Davidson, Blackstone, Horton —, Horton, LSEG, Morgan Stanley, Donald Trump's, —, Samantha Subin, Brian Evans, Hakyung Kim, Lisa Kailai Han Organizations: JPMorgan, Taiwan Semiconductor Manufacturing, JetBlue Airways —, Iris Energy, Deutsche Bank, Google, Meta, Reuters, Group, Alaska Air Group, Revenue, BJ's Wholesale, eBay, — Rosenblatt Securities, Trump Media & Technology, Truth Social Locations: Taiwan, Alaska

☆ Powell walked back all expectations of easing this year, says Marathon Asset Management CEO Richards
▼ + stars: | 2024-04-18 | 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 EmailPowell walked back all expectations of easing this year, says Marathon Asset Management CEO RichardsBruce Richards, Marathon Asset Management CEO, joins 'Money Movers' to discuss what Richards expects from the Federal Reserve, what the data is telling the Fed, and much more.

Persons: Powell, Richards Bruce Richards, Richards Organizations: Management, Marathon Asset Management, Federal Reserve

☆ India general election 2024: Polls open in world’s biggest vote
▼ + stars: | 2024-04-18 | by ( Helen Regan | ) edition.cnn.com time to read: +4 min

CNN —Polls will open Friday for the first phase of India’s marathon general election, kicking off a vote in which Prime Minister Narendra Modi is seeking to win a rare third consecutive term. Challenging the BJP is India’s main opposition party, the Indian National Congress, and its newly formed INDIA alliance of parties. India’s Election Commission has imposed restrictions on media, including CNN, that limits the publication of reporting and analysis in the run-up to and during polling days. Supporters of India's opposition party, Indian National Congress (INC) during the election campaign in Puducherry on April 15, 2024. Among the most politically important states is Uttar Pradesh, home to 240 million people who vote in all seven phases.

Persons: Narendra Modi, Biju Boro, Modi, ”, Satish Babu, Mamata Banerjee, Dravida, Stalin, Altaf Qadri Organizations: CNN, Bharatiya Janata Party, BJP, Indian, Bharatiya Janata, United Nations Security Council, Indian National Congress, Getty, Dravida Munnetra Kazhagam, All, Trinamool, Tamil Locations: India, Guwahati, AFP, India’s, Puducherry, Lok Sabha, Uttar Pradesh, Lok, Tamil Nadu, Chennai, Dravida, INDIA, . West Bengal, Trinamool Congress, Nicobar Islands, Mizoram, Meghalaya, Nagaland, Myanmar, Manipur

☆ Lightning Round: Exxon Mobil, Marathon, Nuscale
▼ + stars: | 2024-04-17 | by ( Jim Cramer | ) 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 EmailLightning Round: Exxon Mobil, Marathon, Nuscale'Mad Money' host Jim Cramer weighs in on stock including: Exxon Mobil, Marathon and Nuscale.

Persons: Nuscale, Jim Cramer Organizations: Exxon Mobil, Marathon Locations: Marathon

☆ Bitcoin miners’ main revenue stream is about to be slashed. Here’s what investors need to know
▼ + stars: | 2024-04-17 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

The bitcoin halving is set to take place in the next few days, which will cut miners' main stream of revenue in half. "We believe a bitcoin price above $60,000-$65,000 means the halving is de-risked for nearly all public miners," Needham analyst John Todaro wrote in a note to clients on Tuesday. It currently costs miners between $36,000 and $52,700 to mine a single bitcoin, Todaro said. Miners offer amplified exposure to bitcoin's price action, which has been more volatile since the launch of bitcoin ETFs introduced more leverage to the market. "That's propelled bitcoin to a threshold where the miners are really generating healthy economics," said Colonnese.

Persons: —, Needham, John Todaro, Todaro, Iris, Mike Colonnese, Wainwright, Iris Energy, bitcoin, it's, — CNBC's Michael Bloom Organizations: Marathon, Iris Energy, Cipher Mining, Miners, H.C, Iris, JPMorgan Locations: exahash

☆ Cramer's Lightning Round: Instead of Marathon Digital, buy Ethereum or Bitcoin
▼ + stars: | 2024-04-17 | by ( Julie Coleman | ) www.cnbc.com time to read: 1 min

Stock Chart Icon Stock chart icon Exxon Mobil's year-to-date stock performance. We don't like parabolic moves, that's a very good example." Stock Chart Icon Stock chart icon Marathon Digital's year-to-date stock performance. Marathon Digital : "If you want to own Marathon Digital, just go buy either Ethereum or buy Bitcoin, ok. Let's not fool around." Stock Chart Icon Stock chart icon NuScale Power's year-to-date stock performance.

Persons: NuScale Organizations: Exxon, Exxon Mobil Locations: Eaton

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