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☆ A major new aviation bill seeks to end passengers being made to pay to sit with their kids, and to improve safety on planes after the Alaska blowout
▼ + stars: | 2024-05-17 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

The bill says the FAA Administrator will decide within 60 days whether to mandate minimum seat dimensions on planes for safety reasons. Senate Commerce Committee Chair Maria Cantwell said: "Plane manufacturers will see more safety inspectors on factory floors and tougher safety standards from the FAA." "The bipartisan Federal Aviation Administration reauthorization is a big win for travelers, the aviation workforce, and our economy. It will expand critical protections for air travelers, strengthen safety standards, and support pilots, flight attendants, and air traffic controllers," Biden said in a statement. AdvertisementHe added: "Passengers shouldn't have to jump through endless hoops just to get the refunds that they are owed, and corporations shouldn't rip off hardworking Americans through hidden junk fees."

Persons: —, Joe Biden, Maria Cantwell, Biden Organizations: Service, Federal Aviation Administration, National Transportation Safety Board, Business, FAA, Alaska Airlines

☆ We're trimming an up-and-down cybersecurity stock that's rallying into earnings next week
▼ + stars: | 2024-05-16 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +3 min

Shortly after the opening bell, we will be selling 25 shares of Palo Alto Networks at roughly $315.50. We talked Wednesday on our Morning Meeting about how Palo Alto Networks may have a positive setup into earnings Monday night , according to Morgan Stanley. We thought Morgan Stanley's call was pointing out because into earnings in February, Morgan Stanley said it was "sitting this quarter out." Its call proved prescient when Palo Alto shares fell almost 30% in a single session after missing estimates on billings and reducing its outlook. For example, Morgan Stanley says this deal benefits Palo Alto it several ways, helping it accelerate market share in security analytics.

Persons: Jim Cramer's, Morgan Stanley, we've, Palo, Morgan Stanley's, It's, Jim Cramer, Jim Organizations: Palo Alto Networks, billings, UnitedHealth, Palo, Networks, IBM, CNBC Locations: billings, Palo Alto

☆ Manchester City takes huge step toward fourth consecutive English Premier League title with win against Tottenham
▼ + stars: | 2024-05-15 | by ( Ben Church | ) edition.cnn.com time to read: +3 min

CNN —The celebrations during Manchester City’s 2-0 win against Tottenham on Tuesday were testament to the importance of the high-stakes match as the reigning champion took a huge step towards a fourth straight English Premier League title. But, just as it looked as though City’s title hopes were about to be handed a major blow, Ortega stuck out a strong right leg to block the striker’s shot. Stefan Ortega makes an incredible save from Son Heung-Min to keep City's title hopes alive. However, if Arsenal drops points at home against Everton in its last game, City will win the league regardless of its result. No Premier League team has ever won four consecutive league titles, and the achievement would come after City’s treble-winning feat last season.

Persons: Erling Haaland, Pep Guardiola, ”, “, ” Haaland's, Dylan Martinez, Ange Postecoglou, Haaland, Stefan Ortega, Ederson, Ortega, Dejan Kulusevski, Manuel Akanji, Heung, Son Heung, Min, Marc Atkins, Guardiola, Jérémy Doku, ” Guardiola, ’, Stefan, I’ve Organizations: CNN, Manchester, Tottenham, Premier League, Arsenal, West, Reuters, City, Spurs, Tottenham Hotspur, Getty Images, Ham, Etihad, Everton Locations: West Ham, London, ”

☆ Supreme Court allows second majority-Black district in Louisiana over liberal dissents
▼ + stars: | 2024-05-15 | by ( John Fritze | Fredreka Schouten | ) edition.cnn.com time to read: +8 min

The ruling will have an impact beyond the Louisiana district, which likely explains the vote count, said CNN Supreme Court analyst Steve Vladeck. The Supreme Court has never defined what constitutes a “last-minute” election decision that should bar courts from weighing into such disputes. In a brief dissent, Justice Ketanji Brown Jackson said it was premature for the Supreme Court to intervene in the case. Louisiana came to the Supreme Court caught between two lower court orders. Two years ago, the Supreme Court allowed that map to be used in the midterm even though a lower court said it was likely illegal.

Persons: Sen, Cleo Fields, “, ”, Liz Murrill, –, Steve Vladeck, Vladeck, Purcell, Justice Ketanji Brown Jackson, Purcell “, ” “, ” Jackson, Jackson, ” Vladeck, “ Today’s, Garret Graves, Jeff Landry’s, ” Michael McClanahan, ” Edward Greim, Paul Hurd Organizations: CNN, Democrats, Representatives, Democrat, Republican, US, CNN Supreme, Black, University of Texas School of Law, Louisiana Gov, Court, Supreme, White Republicans, White, NAACP Louisiana State Conference, “ Locations: Black, Louisiana, Shreveport, Baton Rouge, Rep, Bayou, Republican Louisiana

☆ Bank loan loss reserves are high. What that means for the economy and earnings
▼ + stars: | 2024-05-15 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

Loan loss reserves have perked back up in recent quarters and are at roughly 1.75% of loans outstanding, according to MRB Partners. If the economy only modestly slows, as many economists expect, new loan loss reserves could be smaller in the future. This situation comes as bank earnings were generally better than expected for the first quarter. Lauren Goodwin, chief market strategist and economist at New York Life Investments, agreed that a potential slowing or reversal of loan loss reserves would be positive for bank earnings but said she is cautious about bank profitability more broadly. To be sure, banks may need to increase their loan loss reserves if the economic outlook gets worse.

Persons: Banks, Bob Elliott, Salvatore Ruscitti, Ruscitti, Lauren Goodwin, Goodwin, they're, Unlimited's Elliott Organizations: MRB Partners, Funds, Bank, P Bank ETF, New York Life Investments Locations: Bridgewater, MRB

☆ 2024 CNBC Disruptor 50: #31 Zum CEO on electrifying American school buses
▼ + stars: | 2024-05-15 | 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 Email2024 CNBC Disruptor 50: #31 Zum CEO on electrifying American school busesRitu Narayan, Zum CEO, joins 'Power Lunch' to discuss using electric school buses across America and the big win for the company in Oakland, Calif.

Persons: Narayan Organizations: CNBC Locations: America, Oakland, Calif

☆ Sony-backed computing startup heads for rare IPO in sidelined London stock market
▼ + stars: | 2024-05-15 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

British computing startup Raspberry Pi on Wednesday said it plans to list in London, in a rare win for the U.K. stock market. Raspberry Pi, which makes tiny single-board computers, is considering an initial public offering on the main market of the London Stock Exchange. The IPO is a win for the London stock market, which has been struggling to attract high-growth tech companies. A slew of major U.K. tech firms have chosen New York over London for their listings over the last year. Upton established Raspberry Pi in 2012 to make computing more accessible to young people, gaining traction among hobbyists and teachers in the early days.

Persons: Ocado, Eben Upton . Raspberry Pi, Upton, Raspberry Organizations: London Stock Exchange, Nasdaq, Sunday Telegraph, Sky News, Raspberry Pi Foundation, Sony, amortization Locations: London, New York, British

☆ Steve Bannon: DOJ asks federal judge to start former Trump adviser’s prison sentence
▼ + stars: | 2024-05-14 | by ( Tierney Sneed | Casey Gannon | ) edition.cnn.com time to read: +1 min

CNN —Former Trump adviser Steve Bannon should begin serving a four-month prison sentence now that a federal appeals court has upheld his contempt-of-Congress conviction, the Justice Department told a federal judge Tuesday. US District Judge Carl Nichols, who presided over Bannon’s trial, had paused Bannon’s sentence while an appeal of his conviction played out. He has given Bannon until Thursday to respond to the DOJ’s request. Circuit rejected defendant’s appeal on all grounds, including the primary argument on appeal: the requisite mental state required for a contempt of Congress violation,” the Justice Department wrote. The timing of when Bannon will be expected to report to prison is still unclear.

Persons: Steve Bannon, Carl Nichols, Bannon Organizations: CNN, Trump, Justice Department, Capitol, The Justice Department, Congress

☆ China’s Xi Jinping highlights Europe’s divisions ahead of expected Putin visit
▼ + stars: | 2024-05-12 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +9 min

Chinese state media played up the warm diplomacy, with headlines proclaiming China’s “ironclad” bond with Serbia and “golden friendship” with Hungary. Both are sure to closely watch any summit between Xi and Russian President Vladimir Putin in China, expected to happen soon. Chinese leader Xi Jinping is welcomed at the airport in Belgrade on May 7 for his two-day state visit. Xi also marketed a shared worldview during his meeting with Orban in Hungary, which is a member of both the EU and NATO. Chinese leader Xi Jinping talks with Hungarian Prime Minister Viktor Orban in Budapest on May 9.

Persons: Xi, Peng Liyuan, Aleksandar Vucic, Viktor Orban, China’s, Vucic, Orban –, Emmanuel Macron, Ursula von der, Vladimir Putin, Orban, Hungary “, ’ ”, Philippe Le Corre, ”, Putin, Le Corre, Xi Jinping, Dimitrije Goll, Xi’s, Serbia’s Vucic, ” Vucic, Bruno Le Maire, BYD, Liu Dongshu, Vivien Cher Benko, Tamas Matura, Mark Rutte, Olaf Scholz, Matura, Von der, “ Orban, Gabor Scheiring Organizations: Hong Kong CNN, Russia, Ukraine, China, Europe …, Asia Society, Center for, Forum, Anadolu, Getty, EU, NATO, ”, Xi, Hong Kong’s City University ., Hungarian, Central, Dutch, Georgetown University Locations: Hong Kong, France, Ukraine, China, Belgrade, Budapest, Paris, Serbian, Hungarian, Serbia, Hungary, Europe, Russia, Russian, ”, Europe … Hungary, Center for China, Beijing, United States, EU, Hong, Central, Eastern Europe, Eastern, Moscow, Qatar, “ Hungary

☆ A key sign of strength in Warner Bros. Discovery's latest earnings report would take a massive hit if TNT loses the NBA
▼ + stars: | 2024-05-10 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

And while WBD's $0.40-per-share loss was 4 cents better than last year, it was still lower than analysts had hoped for. Warners added about 2 million net streaming subscribers globally in the first quarter, bringing its total to 99.6 million. There's a simple explanation for WBD's streaming ad growth despite modest subscriber additions: the advent of live sports on Max. As impressive as WBD's burgeoning streaming ad business looks now, it may be nothing more than a blip if Comcast's NBC outbids TNT for NBA media rights in the league's next TV deal. Suddenly, it seems like Zaslav is taking an even bigger risk by playing hardball with the NBA.

Persons: Discovery's, David Zaslav, Max, Warners, WBD, it's Organizations: Warner Bros, Business, NBA, Warners, Max, MLB, NHL, NBC, TNT, Media, UBS, hardball

☆ The next union organizing wave is at Apple
▼ + stars: | 2024-05-10 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +7 min

Apple store workers in Towson, Maryland, made history in June 2022 when they voted to form the first union at one of the tech giant’s sleek US stores. But the union vote in New Jersey this weekend, along with other efforts across the country, could just be the beginning. The Apple workers (possibly) going on strike is going to be a spark for other workers,” Bronfenbrenner said. Workers at the Towson Town Center Apple hold their new union T-shirts after their store employees decided to join the International Association of Machinists Union. Theirs is the first Apple store in the US to vote for union representation.

Persons: Apple, ” Kate Bronfenbrenner, ” Bronfenbrenner, Jay Wadleigh, Barbara Haddock Taylor, Bronfenbrenner, There’s, “, ”, Catherine Thorbecke Organizations: New, New York CNN, Apple, Big Tech, US, Employees, National Labor Relations Board, Labor Education Research, Cornell’s School of Industrial and Labor Relations, Oklahoma City, Towson, CNN, Maryland Apple, International Association of Machinists, Aerospace Workers Coalition, Retail Employees, Workers, Towson Town Center Apple, Baltimore Sun, Tribune, Service, Getty Images, Google, Union, NLRB, World Trade, US Labor Board Locations: New York, Washington, China, Towson , Maryland, Baltimore, Maryland, New Jersey, New York City, United States, International Association of Machinists Union, Short Hills, Atlanta, Cupertino , California

☆ Affordable homes haven't been this hard to find in years despite lower mortgage rates — but prices are declining in these 15 cities
▼ + stars: | 2024-05-09 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

Price growth was partially offset by lower mortgage costs, as 30-year fixed rates hung between 6.6% and 6.94% in the first quarter. That's a small win for buyers, considering that rates peaked at 7.8% late last year and were above 7% until mid-December. At the first sight of lower mortgage rates, that widespread price appreciation has returned — much to the chagrin of buyers who thought they were going to catch a break. Conversely, prices fell outright only in 15 cities, versus 32 in the fourth quarter of 2023. 15 cities where home prices are downBelow are those 15 US real-estate markets where single-family home prices fell from last year.

Persons: —, Lawrence Yun Organizations: Service, National Association of Realtors, Business, NAR Locations: That's

☆ Here’s what North American airline passengers think about the state of air travel
▼ + stars: | 2024-05-08 | by ( Francesca Street | ) edition.cnn.com time to read: +5 min

Power’s 2024 North American Airline Satisfaction Study. Power hasn’t revealed an overall North American airline passenger satisfaction score, with Mike Taylor, travel intelligence lead at J.D. Power’s top North American airlines for economy passengers1. Power’s top North American airlines for premium economy passengers1. Power’s top North American airlines for first/business passengers1.

Persons: –, Power hasn’t, Mike Taylor, That’s, Tony Gutierrez, ”, Taylor, “, ” Taylor Organizations: CNN, North, Southwest Airlines, Southwest, Delta Air Lines, Delta, JetBlue, AP, ” Airlines, Allegiant, Alaska Airlines, JetBlue Airways, American Airlines, United Airlines, Air Canada, Spirit Airlines, Frontier Airlines, Delta Air, . Alaska Airlines, Air Locations: ., J.D, Power, Delta, North America

☆ Key lines: CNN’s interview with Biden on polls, protests and more
▼ + stars: | 2024-05-08 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +6 min

CNN —President Joe Biden sat down with CNN’s Erin Burnett on Wednesday for a rare, one-on-one television interview with a member of the national media. But Biden expanded, suggesting protesters have gone too far:There is a legitimate right to free speech and protest. There’s a legitimate right to do that and they have a right to do that. But there’s not a legitimate right to use hate speech. There is not a legitimate right to block people’s access to class.

Persons: Joe Biden, CNN’s Erin Burnett, Biden, Donald Trump, We’ve, they’re, ” Biden, ”, SSRS, Jennifer Agiesta, He’s, I’ve, Trump, won’t, ’, ►, Joe ”, There’s, there’s, Israel, bin, They’re, “ We’re Organizations: CNN, Biden, Trump, University of Michigan, Microsoft Locations: Wisconsin, Midwest, Israel, Racine , Wisconsin, Scranton, “, Gaza, Afghanistan, Iraq, Rafah

☆ The judge in Trump's classified documents case just gave him exactly what he wanted — again
▼ + stars: | 2024-05-08 | by ( Katherine Tangalakis-Lippert | Kelsey Vlamis | ) www.businessinsider.com time to read: +6 min

Judge Aileen Cannon on Tuesday delayed Donald Trump's classified documents case indefinitely. AdvertisementUS District Judge Aileen Cannon handed former President Donald Trump yet another legal win when she delayed his classified documents case indefinitely on Tuesday. It's just the latest legal win for Trump in the classified documents case handed to him by Cannon. Ty Cobb, a former Trump White House attorney, told CNN on Tuesday that Cannon's latest decision was "a combination of bias and incompetence." In light of Cannon's latest delay, Kalir said it was not surprising given her prior actions on the case.

Persons: Aileen Cannon, Donald Trump's, It's, —, Donald Trump, Cannon, Trump, Jack Smith's, Canon, Katie Charleston, Justice Department —, Paula Reid, Judge Cannon, I'm, She's, aren't, Ty Cobb, galvanizes, Charlie Kolean, Kolean, Tre Lovell, it's, Doron Kalir, Fani Willis, Nathan Wade, Kalir Organizations: Trump, Service, Business, Justice Department, FBI, Mar, Appeals, Associated Press, Court, Trump White House, CNN, RED PAC, Cleveland State University College of Law Locations: Lago, Southern Florida, Trump's, South Florida, Georgia, New York

☆ Opinion: Anne Hathaway has nothing left to prove
▼ + stars: | 2024-05-07 | by ( Opinion Holly Thomas | ) edition.cnn.com time to read: +6 min

CNN —It feels weird to begin a complimentary piece about Anne Hathaway by saying I didn’t especially enjoy her latest movie, but here goes. Yet, as she recently explained to the New York Times, she’s spent far too much of her life trying to make other people happy. Even now, a Google search for “hate Anne Hathaway” produces more than five million hits. The movie is set years after that betrayal, and Solène, like Hathaway, has outgrown her habit of people pleasing. Hathaway is so luminously beautiful in “The Idea of You” that, for me at least, it undermines the entire film.

Persons: Holly Thomas, Katie Couric, Anne Hathaway, it’s, Solène Marchand, She’s “, Hayes Campbell’s, Nicholas Galitzine, he’s, Hathaway, she’s, ”, snarky, Oscar, “ Les, Critics, Anne Hathaway ”, It’s, Jake Gyllenhaal, Leonardo DiCaprio, Jennifer Lawrence, Jameela Jamil, Solène, didn’t, you’re, Hayes Organizations: Katie Couric Media, CNN, New York Times, “, New York Magazine, Twitter, Facebook Locations: London

CNN —Judge Aileen Cannon has indefinitely postponed former President Donald Trump’s classified documents trial in Florida, citing significant issues around classified evidence that would need to be worked out before the federal criminal case goes to a jury. In an order Tuesday, Cannon cancelled the May trial date and did not set a new date. By indefinitely postponing the classified documents trial, Cannon’s order pushes it closer to the 2024 election – and potentially afterward. Although Trump’s attorneys have continuously asserted in court filings that a pre-election trial would be “unfair.”The further delayed trial also could put Trump’s two federal cases on a collision course. Trump is charged in the Florida case with mishandling classified documents and with working with two co-defendants, Walt Nauta and Carlos De Oliveira, to obstruct the Justice Department’s investigation.

Persons: Aileen Cannon, Donald Trump’s, Cannon, Trump, Cannon’s, Jack Smith’s, Trump’s, Walt Nauta, Carlos De Oliveira, Department’s, Biden, Smith, Joe Biden’s Organizations: CNN, Trump Locations: Florida, New York, Washington, DC

☆ Real Madrid wins record-extending 36th La Liga title
▼ + stars: | 2024-05-05 | by ( Issy Ronald | ) edition.cnn.com time to read: +3 min

CNN —Real Madrid sealed a record-extending 36th La Liga title on Saturday after rival Barcelona suffered a second-half collapse against Girona, succumbing to a 4-2 defeat which ensured that Los Blancos cannot be overtaken at the top of the table. Such has been Real Madrid’s dominance in the league this season that a 36th title has seemed almost assured for a while now. Goals from Brahim Díaz, Joselu and, of course, Jude Bellingham propelled Real Madrid to its decisive win against Cádiz on Saturday. “I’d be lying to you if I told you that when I was little I didn’t dream of winning a La Liga as captain,” Real Madrid captain Nacho told his club’s website, after winning his fourth league title. For a club that has won as many trophies as Real Madrid, winning the league represents only a job half-done - it is winning in Europe that truly counts.

Persons: Andreas Christiansen, Robert Lewandowski, Paulo Gazzaniga, Barça, Cristian Portu, Miguel Gutiérrez’s, Los Blancos, Brahim, Jude Bellingham, Luka Modrić, Marcelo, Karim Benzema, “ I’d, Nacho, “, It’s, Carlo Ancelotti Organizations: CNN — Real, La Liga, Barcelona, Real, Madrid, Paulo, Girona, Atlético Madrid, Cádiz, Bellingham, El, Real Madrid, Nacho, Liga, ” Real Madrid, Champions League, Bayern Munich Locations: CNN — Real Madrid, Girona, Barcelona, La, Real Madrid, Europe

Major corporations often don't want to seem like they're taking one side politically, so they either sponsor both conventions, or neither. Conventions could see new sponsorsThe Democratic and Republican conventions this summer are the first fully in-person conventions since the 2016 election. Democratic convention organizers in April said if corporations had any reluctance to back the RNC, it hasn't hampered Chicago's efforts to lure donors. Microsoft in 2012 contributed over $1.5 million in a mix of in-kind and cash contributions to the Republican convention. JPMorgan donated $200,000 to the 2012 Republican convention and didn't write a check for the 2016 event.

Persons: Donald Trump, Jon Cherry, Rashad Robinson, Robinson, —, Fiserv, Greg Goldner, Trump, Donald Trump's, aren't, they'll, Joe Biden, Trent Morse, Morse, they've, Alison Prange, Reince Priebus, Priebus, it's, Steve Kornacki's, Biden, Nancy Pelosi, Michelle Yeoh, Natalie Edelstein, Michael Sacks, Sacks, J.B . Pritzker, Barack Obama, Alex Hornbrook, There's, Taylor Swift, she's, Mitt Romney, Obama, didn't, General Motors Organizations: Christian Media, The Gaylord, Center, Getty, Republican National Convention, Republican, NBC News, Trump, Fiserv Inc, Democratic, Fiserv, RNC, Resolute Consulting, GOP, Corporations, Fortune, Milwaukee Journal Sentinel, Democrats, White House, Milwaukee, NBC, Wall, Republican National Committee, Wall Street, Biden, TV, Kentucky Derby, Street Journal, Northwestern Mutual, Wisconsin Fortune, Democratic National Convention, WEC Energy Group, Manpower Group, Conventions, Metropolitan Milwaukee Association of Commerce, DNC, Convention, Chicago, Longtime Democratic, Illinois Gov, White, Correspondents, Commission, Facebook, Google, Microsoft, Bank of America, FEC, Meta, Skype, CNBC, JPMorgan Chase, Walmart, JPMorgan, General Motors, General, Motors, Comcast, Press, Trade Locations: Nashville , Tennessee, Milwaukee, Wisconsin, America, Chicago, NBCUniversal, Philadelphia

☆ Russia's pulling its aircraft away from the front lines as Ukraine hits air bases with deep strikes, Western intel says
▼ + stars: | 2024-05-03 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

Ukrainian forces used drones to attack an airfield deep inside Russia last month. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementRussia has pulled dozens of aircraft away from the front lines in response to a massive Ukrainian drone attack on a military base deep behind enemy lines, according to new Western intelligence. The late-April attack was not the first time Ukrainian deep strikes have forced Russia to relocate its vulnerable assets. Even before the Kushchyovskaya strike, Ukraine has tried going after Russia's airbases in an apparent bid to stomp out the glide-bomb threat.

Persons: —, Sukhoi Su, Maxim, Russia's Su, ALEXANDER NEMENOV Organizations: Service, Sukhoi, International Army, REUTERS, Ukraine, Victory Day, Getty, Kyiv Locations: Russia, Ukraine, Ryazan, Ukrainian, Crimean, Russian, Moscow, AFP

☆ Tesla tells the EV industry: fend for yourselves
▼ + stars: | 2024-05-02 | by ( Graham Rapier | ) www.businessinsider.com time to read: +4 min

Tesla has laid off most of its charging team, causing confusion about the future of its Supercharger network. Virtually all major automakers have adopted Tesla's charging techTesla has committed to doubling its network size in-party with public money. Advertisement"I got a bounce from every email address," said Andres Pinter, co-CEO of Bullet EV Charging Solutions, which has about a dozen ongoing projects underway for Tesla. The automakers Tesla partnered with can already access existing plugs, but the recent layoffs raise questions about the network's future growth. Perhaps that's not enough to offset the costs of rapidly building new Supercharger stations that will ultimately benefit other carmakers, as well as Tesla.

Persons: Tesla, —, Andres Pinter, he'd, Musk, Superchargers, Pinter, Elon Musk, it's, that's Organizations: Service, Ford, Motors, American, Tesla, Elon, Solutions, Department of Energy, EV

☆ We're buying 2 unfairly punished stocks and 1 on an analyst call
▼ + stars: | 2024-05-02 | by ( Morgan Chittum | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. "That's a win for stocks," Jim Cramer said Thursday. 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. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, Jerome Powell, should've, Jim, — Stanley Black, Decker, Linde, TJX, Jim Cramer's Organizations: CNBC, Federal, Fed, Coterra Energy, Apple, UBS, TJX Companies, LIN Locations: China, TJX, HomeGoods

☆ Musk's visit to China was a much-needed win for both sides — and a snub to India
▼ + stars: | 2024-04-30 | by ( Meghan Morris | ) www.businessinsider.com time to read: +5 min

And Musk notably skipped a recent visit to India, underscoring how important China is for Tesla. AdvertisementElon Musk's two-day trip to Beijing looks like a mutually-beneficial win for Tesla and for China — and a snub for India. AdvertisementMusk needs China — but China also needs Musk, as a sign that the country is open for business with high-profile US companies. Musk's visit was going to include an announcement about Tesla entering India, Reuters reported. AdvertisementMusk's India visit would have been a win for Modi, who is seeking to boost India's status as a manufacturing hub, especially as businesses leave China.

Persons: Elon Musk, —, Elon Musk's, China —, Premier Li Qiang, That's, Tesla, Dan Ives, Ives, India Musk, Janet Yellen, Antony Blinken, Musk, crackdowns, Bain —, Narendra Modi, Musk's, Modi Organizations: Tesla, Service, India, Premier, Baidu, Reuters, EV, FSD, Financial Times, China, Communist Party, Gucci, Apple Locations: China, Beijing, India, Shanghai

☆ Good news: The worst could be over for gas prices this spring
▼ + stars: | 2024-04-30 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

US gas prices have stopped rising and even briefly dipped in recent days. Now, there is growing hope that gas prices are at or near a peak for the spring – or perhaps even for the year. ‘Could have been much worse’Of course, none of this is to say gas prices are cheap. A spike in gas prices would be the last thing President Joe Biden needs as he struggles to convince voters of his economic message before November. Why gas prices have cooledThere are multiple reasons why gas prices have stopped rising for the moment.

Persons: Patrick De Haan, “ I’m, ” De Haan, Tom Kloza, ”, Andy Lipow, “, De Haan, Joe Biden, Lipow, ” Lipow, Kloza Organizations: New, New York CNN, OPEC, AAA, CNN, “, Oil Price Information Service, Lipow Oil Associates, Drivers, Federal Reserve, Biden, US Strategic Petroleum Reserve, Coast, Colorado State University Locations: New York, Israel, Iran, Covid, California, De Haan ., Washington, Syria, West Texas, New Mexico, Saudi Arabia, Russia

☆ Judge rejects J&J, Bristol Myers Squibb challenges to Medicare drug-price negotiations
▼ + stars: | 2024-04-29 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +3 min

A federal judge in New Jersey on Monday rejected Johnson & Johnson 's and Bristol Myers Squibb 's legal challenges to the Biden administration's Medicare drug-price negotiations, ruling that the program is constitutional. J&J and Bristol Myers Squibb did not immediately respond to requests for comment on the ruling. J&J, Bristol Myers Squibb, Novo Nordisk and Novartis presented their oral arguments before Quraishi during the same hearing in March. That same month, a federal judge in Delaware rejected AstraZeneca's separate lawsuit challenging the negotiations. In Texas, a third federal judge tossed a separate lawsuit in February.

Persons: Johnson, Bristol Myers, Joe Biden's, Zahid Quraishi, Quraishi, Bristol Myers Squibb's, AstraZeneca's Organizations: Bristol, Bristol Myers Squibb, Biden, White, Supreme, Final, of New, Novo Nordisk, Novartis, Chamber of Commerce Locations: New Jersey, U.S, of New Jersey, Delaware, Texas, Ohio

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