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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
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
A couple of days ago, startup founder Dan Siroker set his sights on meeting new investors. Siroker closed the process with 170 bids to sift through. Siroker told Business Insider this week that he isn't actively fundraising. Advertisement"When deals get hot, there is extreme interest," Ben Lerer, managing partner of Lerer Hippeau, an early-stage venture firm, told Business Insider's Ben Bergman late last year. "If you're not there long before the raising, you're not part of the conversation."
Persons: , Dan Siroker, clamoring, whittle, Siroker, isn't, Andreessen Horowitz, they'd, Pavlo Gonchar, Ben Lerer, Lerer, Insider's Ben Bergman, there's, Dick Costolo, they're, Costolo, he'd Organizations: Service, Business, Getty, Twitter, Google, Nvidia, Boys & Girls Locations: haves, Silicon Valley
Disney announced Wednesday that the companies will be merging their respective Star India and Viacom18 units into a newly created Star India joint venture, valued at roughly $8.5 billion on a post-money basis, excluding synergies. The merger is expected to have more than 750 million viewers in the rapidly growing Indian market. Cricket feverDisney acquired Indian streaming service Hotstar and Star TV channels in 2019 and had exclusive streaming rights to cricket's lucrative Indian Premier League (IPL), which it had turned into a paid service by 2020. Disney lost 4.6 million customers for its streaming service, Disney+ Hotstar, in India during the first three months of last year. "I think I said six months ago that they're [Disney] going to see profitability in streaming by the end of 2024.
Persons: Pavlo Gonchar, Walt Disney, Mukesh Ambani, Nita Ambani, Ambani, Jamie Lumley, Lumley, Jason Ware, CNBC's Organizations: Disney, Getty, Walt, Reliance, Star India, Cricket, Star, Indian Premier League, IPL, Indian Premier League cricket, CNBC, Albion Financial Locations: India
Temu is owned by PDD Holdings , a Chinese company that moved its principal office to Ireland last year. Meta is expected to report revenue growth of 22% for the quarter to $39.2 billion, according to analysts surveyed by LSEG, formerly Refinitiv. JMP analysts estimated that Temu and Shein spent roughly $600 million and $200 million, respectively, on Facebook and Instagram ads in the third quarter. In December, Temu sued Shein, alleging questionable business practices and a "mafia-style intimidation of suppliers," according to legal documents. Meta isn't the only U.S. internet company effected by the speedy growth from Temu and Shein.
Persons: Mark Zuckerberg, Jack Ma, Shu Zhang, Victor Lee, Lee, who's, Shein, Meta, Pavlo Gonchar, Temu, didn't, Susan Li, data.AI, It's, Chris Mack, Harding Loevner, they've, Mack, Shein confidentially, Mike Gallagher, Gallagher, Brian Wieser, Josh Silverman, Silverman Organizations: Alibaba, China Development Forum, Reuters, Facebook, Hasbro, Unified Commerce, Amazon, PDD Holdings, U.S, Mobile, Meta, LSEG, Getty, CNBC, Cyberspace Administration, China, Street Journal, Google Locations: Beijing, China, Ireland, Singapore, UKRAINE, U.S, United States, Wall, Asia, Pacific, Temu, Meta
DHR 1Y mountain Danaher 1 year Shares of Danaher rose as much as 5% to a 52-week high of $245.40 each. Core sales, not shown on the table, were down 22.5%. Core sales were down 4% year over year as strength from academic and life science research customers was more than offset by weakness from pharma and biopharma customers. Core sales fell about the same as strength in clinical diagnostics, driven by Beckman Coulter Diagnostics was more than offset by lower respiratory revenue at Cepheid. In this photo illustration, Danaher Corporation logo is seen displayed on a smartphone and PC screen.
Persons: we've, Danaher, Beckman Coulter, Jim Cramer's, Jim Cramer, Jim, Pavlo Gonchar Organizations: Revenue, LSEG, JPMorgan Healthcare, Sciences, Diagnostics, Biotechnology, Management, pharma, Beckman Coulter Diagnostics, CNBC, Getty Locations: Danaher, China, Biotechnology, North America, Europe, Asia, Pacific, Cepheid
NASHVILLE, TENNESSEE - SEPTEMBER 1, 2019: Tourists visit the bars and country music venues in the Lower Broadway entertainment district in Nashville, Tennessee. As more investors and founders are flocking to explore Nashville's booming health care and technology scene, Shah said he gets recognized regularly. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty ImagesNicknamed "Music City," Nashville is chock-full of country singers and perpetually buzzing with live music. (Photo by Robert Alexander/Getty Images) Robert Alexander | Archive Photos | Getty ImagesNashville's health tech startup scene has also benefited from significant investment from local organizers and government officials. Eligible Nashville entrepreneurs can also become members of the Greater Nashville Technology Council and the Nashville Health Care Council.
Persons: Robert Alexander, Robin Shah, Shah, Pavlo Gonchar, Kyle Cooksey, Bill Frist, Cooksey, John Bass, Bass, Ellen Herlacher, Luke Benda, it's, Cerner, It's, Vanderbilt, Marcus Whitney, Whitney, Benda, Landon Gibbs, Gibbs, Raelyn Wilson, Wilson Organizations: Tourists, Broadway, Getty, Thyme, CNBC, Nashville, Nashville Health Care, Healthcare, HCA, Community Health Systems, Acadia Healthcare, Vanderbilt University, Vanderbilt University Medical Center, Belmont University, Meharry Medical, Monogram Health, Downtown, Istock, Amazon, Oracle, Bank, Greater Nashville Venture Capital Association, Center, Nashville Area, of Commerce, Force, Ventures, Greater, Greater Nashville Technology Council, Nashville Health Care Council, HCA Healthcare Locations: NASHVILLE , TENNESSEE, Nashville , Tennessee, Fort Lauderdale , Florida, Nashville, UKRAINE, U.S, Acadia, Downtown Nashville , Tennessee, Music City, Rocky, Colorado, Boston, Greater Nashville, Cumberland
Pavlo Gonchar | SOPA Images | LightRocket | Getty ImagesShares of SenseTime fell as much as 9.7% on Tuesday after U.S. short seller Grizzly Research alleged the Chinese artificial intelligence firm inflated its revenue. SenseTime shares pared some of those losses in Hong Kong and closed 4.86% lower in the afternoon. Grizzly Research alleged in a report on Tuesday that SenseTime engaged in a so-called "revenue round-tripping" program. The short seller said it got this information via two court cases in China that described the scheme. Grizzly Research did not contact SenseTime to verify the information, SenseTime said in its statement.
Persons: Pavlo Gonchar, SenseTime, Grizzly, Grizzly Research's Organizations: HK, Getty, Research, Grizzly Research, Hong Kong Stock Exchange Locations: Hong Kong, China, SenseTime
Kokusai Electric shares pop 32% on Tokyo debut
  + stars: | 2023-10-25 | by ( Lim Hui Jie | ) www.cnbc.com   time to read: +2 min
In this photo illustration, Kokusai Electric logo is seen on a smartphone screen. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty ImagesShares of Japanese semiconductor equipment maker Kokusai Electric saw a strong debut on the Tokyo Stock Exchange on Wednesday. Kokusai Electric is a spin-off from Hitachi Kokusai Electric, a subsidiary of Japanese multinational electronics company Hitachi. He said Kokusai Electric may not be as competitive as its rivals Tokyo Electron or Lasertec , which dominate niche markets in the semiconductor production process. He said applications such as artificial intelligence use logic chips instead of memory chips, which are used in smartphones.
Persons: Pavlo Gonchar, Mio Kato, CNBC's, Mio Kato Lightstream, Kato Organizations: Getty, Kokusai, Tokyo Stock Exchange, Japan Times, Hitachi Kokusai, Hitachi, KKR, Lightstream Research, Tokyo
In August, a federal appeals court ruled that the SEC needed to reconsider Grayscale’s application to launch its first bitcoin ETF. Photo: Pavlo Gonchar/Zuma PressGrayscale Investments is preparing to roll out its first bitcoin exchange-traded fund pending Securities and Exchange Commission approval after a legal victory overturning the regulator’s rejection of its application. In August, the Stamford, Conn.-based cryptocurrency asset manager made headlines when a court ruled that the SEC shouldn’t have rejected its application to convert its bitcoin trust into a spot bitcoin ETF. A panel of judges said the company showed that its proposed bitcoin ETF is materially similar to futures-based bitcoin ETFs that have been previously approved. The ruling marked a pivotal setback for the SEC, which has been focused on regulating the crypto industry.
Persons: Pavlo Gonchar, SEC shouldn’t Organizations: SEC, Zuma, Securities, Exchange Locations: Stamford, Conn
Both Coinbase and Kraken have been lobbying the U.S. government for an industry-friendly regulatory framework. Photo: Pavlo Gonchar/Zuma PressTwo of crypto’s biggest brands are working to reintroduce consumers and lawmakers alike to the optimism that powered early investment in the sector, even as the high-stakes trial of FTX founder Sam Bankman-Fried continues to dominate conversation around digital currencies. Despite these efforts by exchanges Kraken and Coinbase and the recent introduction of parallel House and Senate bills to establish a nationwide regulatory framework for crypto, the industry faces an uphill battle on the regulatory front, with some senators expressing opposition to crypto-friendly legislation.
Persons: Pavlo Gonchar, Sam Bankman, Fried Organizations: Zuma, crypto’s
In the separation , we decided to keep the 173 shares of Veralto we received due to our ownership of 520 shares of Danaher. When we do that, we see a very favorable picture heading into next year and three reasons to be bullish. Veralto management is targeting long-term core growth in the mid-single-digit range on a percentage basis, whereas Danaher management sees ex-Veralto growth at a high-single-digit rate over the long term. So, as it stands we're already looking at a business that stands to see overall growth accelerate. It's also worth noting that our portfolio stands to benefit from any growth in the stand-alone shares of Veralto.
Persons: it's, , haven't, let's, It's, they're, we'll, Danaher, Jim Cramer's, Jim Cramer, Jim, Pavlo Gonchar Organizations: Washington , D.C, Management, Deutsche Bank, Silicon Valley Bank, Federal Reserve, CNBC, Getty Locations: Veralto, Danaher, Washington ,, Silicon
Those potential returns can come from two places: Danaher stock and shares of Veralto (VLTO), the soon-to-be-standalone company that's in the business of water quality. When we receive Veralto shares on Monday, as all Danaher shareholders will, we intend to keep them, based on their current expected value. A "when-issued" market was established Wednesday for both Danaher and Veralto stock, providing a first look at how investors are valuing the companies on their own. Investors will receive one share in Veralto for every three shares of Danaher they own. The caveat is that spin-off debuts can see substantial volatility, and if Veralto shares were to receive a big pop, our discipline may require us to capitalize on that and take profits.
Persons: it's, Danaher, Jim Cramer, Jim Cramer's, Veralto, we'll, , disinfect, That's, we've, attractively, We're, Jim, Pavlo Gonchar Organizations: Deutsche Bank, Zebra Technologies, CNBC, Getty Locations: Veralto, Danaher, DHR, Wells, York
Arm is looking to raise nearly $5 billion from the IPO which would value it at over $50 billion. Arm will be "central" to the transition to AI-enabled computing, the company said in its IPO prospectus. While CPUs are also required in the data center, they're often used in conjunction with a GPU to train data, but not always. Arm's future in AIArm's AI future is unlikely to come from the huge amounts of chips required to train big data models. For this to happen, devices will require low-power but high-performance chips able to carry out the computing required for AI applications.
Persons: Pavlo Gonchar, OpenAI's, Jamie Mills O'Brien, CNBC's, Peter Richardson Organizations: ARM, Reuters, Nvidia, CNBC, Apple, Counterpoint Research Locations: Softbank, British
Pavlo Gonchar | Sopa Images | Lightrocket | Getty ImagesSpirits were high when Dutch payments firm Adyen floated on the Amsterdam Stock Exchange in 2018. The company was riding a wave of growth in Europe's technology sector and snapping up competition from its mega U.S. rival PayPal. Since then, the company has weathered a turbulent ride, including a global pandemic that knocked volumes from travel clients significantly. Company shares plummeted 39% on Thursday, erasing 18 billion euros ($39 billion) from Adyen's market capitalization, as investors dumped the stock after the firm reported its slowest revenue growth on record. Adyen has typically been viewed as a growth stock, after consistently reporting revenue growth of 26% each half-year period since its 2018 stock market debut.
Persons: Pavlo Gonchar, Adyen, Pieter van der, Arnout Schuijff, Ethan Tandowsky, CNBC's, Tandowsky, EBITDA, Simon Taylor, Taylor Organizations: Amsterdam Stock Exchange, PayPal, Company, CNBC, Netflix, Meta, Spotify, Enterprise, Financial Locations: North America
Oil and natural gas producer Coterra Energy (CTRA) delivered mixed results after the closing bell Monday, with second-quarter sales missing expectations and profit outpacing estimates. However, natural gas liquid prices missed estimates. While management did raise their outlook for total production along with their production targets for oil and natural gas, they left capital expenditure expectations alone. Given the pressure seen on commodity prices, particularly in natural gas, management was forced to lower their outlook for operating cash flow and free cash flow. Guidance Forward guidance for both the third quarter and full year 2023 was mixed — and unfortunately, the full-year misses were on management's cash flow forecasts.
Persons: We'll, Jim Cramer's, Jim Cramer, Jim, Pavlo Gonchar Organizations: Coterra Energy, Revenue, Refinitiv, Natural Resources, Management, West Texas, CNBC, Energy Inc, Getty
CNBC runs through all you need to know about the new EU-U.S. privacy framework, why it matters, and its chances of success. What's the new EU-U.S. Data Privacy Framework? Schrems said that revelations from NSA whistleblower Edward Snowden about U.S. surveillance meant that American data protection standards couldn't be trusted. Instead, individual U.S. states have come up with their own respective regulations for data privacy, with California leading the charge. The approval of a new data privacy framework means that businesses will now have certainty over how they can process data across borders going forward.
Persons: Pavlo Gonchar, Max Schrems, Schrems, Edward Snowden, Cambridge Analytica, Holger Lutz, Clifford Chance, Meta Organizations: Getty, European Union, CNBC, EU, U.S, European Commission, Protection, European Court of Justice, Facebook, Irish Data Protection, Data, Meta, Google, Cambridge, General Data Locations: America, EU, Europe, U.S, California, Austrian
Vice Media Group logo Pavlo Gonchar | Lightrocket | Getty ImagesWhen Suroosh Alvi, Gavin McInnes and Shane Smith founded Vice magazine, which later expanded to Vice Media, they built a business based on a punk rock, counterculture image. GoDigital Media Group is a privately held conglomerate that owns video and music rights, especially in the Latin genre, and an array of different businesses. GoDigital plans to bid for Vice on Tuesday at a price between $300 million and $400 million, according to people familiar with the company's thinking. He will preach that message to Vice's employees on Day One if GoDigital acquires the company, he said. Smith, Vice's executive chairman and former CEO, couldn't be reached for comment.
Persons: Pavlo Gonchar, Suroosh Alvi, Gavin McInnes, Shane Smith, Smith, Jason Peterson, Logan Mulvey, GoDigital, Jason DeRulo, Peterson, Berkshire Hathaway, what's, Mulvey, John Leguizamo, Craig Greiwe, Sean, Diddy, Combs, couldn't, haven't, ' Peterson, Alex Wallace, Wallace, Gay Hendricks, We're, Adam Neumann's, I'm Organizations: Media, Lightrocket, Vice Media, GoDigital Media, Berkshire, Eastern Mountain Sports, NGL, Fortress Investment, Soros Fund Management, Monroe Capital, Fortress, Yahoo, CNBC Locations: Brooklyn , New York, Los Angeles
"Now [with] every company, you get on these conference calls and it's almost like your stock reacts to how many times you say 'AI,'" Niles said. "So, yes, you do have a bit of a bubble developing." However, this is usually how it goes with a new, powerful technology, Niles said. But over the long term, much as with the internet, Niles said, AI is "real" and "going to change the way we live." Investors: 'Look at valuations'Niles predicts that AI is actually "under-hyped [in the] long term."
Persons: Pavlo Gonchar, Dan Niles, Niles Organizations: Lightrocket, CNBC's Financial
Continued pressure to get bigger has big media companies in Hollywood looking to scale up. Media bankers and investors predicted to Insider that dealmaking will rebound in 2023 as companies big and small size up their options for possible tie-ups. Pressure on big media companies to get bigger hasn't gone away. Apple: Could eye a big content prizeTim Cook. Paramount's library could help a streaming company bulk up its content; Netflix for one has explored Paramount's studio business before.
Continued pressure to get bigger has big media companies in Hollywood looking to scale up. Media bankers and investors predicted to Insider that dealmaking will rebound in 2023 as companies big and small size up their options for possible tie-ups. Pressure on big media companies to get bigger hasn't gone away. Apple: Could eye a big content prizeTim Cook. Paramount's library could help a streaming company bulk up its content; Netflix for one has explored Paramount's studio business before.
Best Cyber Monday streaming dealsPavlo Gonchar/SOPA Images/LightRocket via Getty ImagesThere are tons of great streaming deals during Cyber Monday. See our review of the best streaming services to see which one the best for you. It's an excellent deal we only see during major deal events, like Cyber Monday. This deal saves you $11 per month off the regular price of the two services when purchased separately. HBO Max: HBO Max rarely sees discounts for subscribers, but now through November 28, new and returning subscribers can get their first three months of the ad-supported plan for only $6.
Best Cyber Monday streaming dealsPavlo Gonchar/SOPA Images/LightRocket via Getty ImagesThere are tons of great streaming deals during Cyber Monday. See our review of the best streaming services to see which one the best for you. It's an excellent deal we only see during major deal events, like Cyber Monday. This deal saves you $11 per month off the regular price of the two services when purchased separately. HBO Max: HBO Max rarely sees discounts for subscribers, but now through November 28, new and returning subscribers can get their first three months of the ad-supported plan for only $6.
Cash flow Cash flow is king for companies like Coterra. Adjusted discretionary cash flow (cash flow from operations excluding changes in assets and liabilities) was $1.52 billion, below estimates of $1.62 billion. Half of the company's third-quarter free cash flow is going toward the dividend, as was the case with second-quarter free cash flow. Adjusted discretionary cash flow (cash flow from operations excluding changes in assets and liabilities) was $1.52 billion, below estimates of $1.62 billion. Half of the company's third-quarter free cash flow is going toward the dividend, as was the case with second-quarter free cash flow.
To see how much jobs in the creator economy pay, Insider analyzed salary data from 142 work-visa applications filed with the US government and decided on between October 2020 and June 2022. The pay data includes salaries ranging from a data scientist position that offers $170,000 per year at Discord to a staff engineer role that earns $250,000 or more at Patreon. At Cameo, a principal software engineer would make $230,000Steven Galanis, CEO of Cameo. Senior Manager, DevOps : $140,000: $140,000 Statistician: $116,979 to $170,000 (Spotter said it internally calls this position "Data Analyst.") At Teachable, a senior software engineer would make $150,000Teachable is a platform where creators can build and sell online courses and coaching programs.
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