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☆ Here's why the NFL decided to partner with Netflix for Christmas Day games
▼ + stars: | 2024-05-16 | 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 EmailHere's why the NFL decided to partner with Netflix for Christmas Day gamesBrian Rolapp, NFL chief media and business officer, joins 'Squawk on the Street' to discuss why the NFL's partnership with Netflix makes sense, how it fits into the league's global expansion plans, and concerns around market fragmentation.

Persons: Brian Rolapp Organizations: NFL, Netflix

☆ With S&P back at new highs, now come the price target and earnings revisions
▼ + stars: | 2024-05-16 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

Now that the S & P 500 and most major stock market indexes are at or near historic highs, expect a raft of earnings and year-end price target revisions for the S & P 500 to be coming. First up with an upward revision was Brian Belski at BMO Capital, who Wednesday raised his year-end S & P target to 5,600 from 5,100. The median price target (half above, half below) is 5,200. Earnings for the rest of the year have been remarkably stable, but the key point is that each quarter is higher and a record for S & P 500 profits: 2024 S & P 500 quarterly earnings estimates Q2: $59.46 (record) Q3: $63.49 (record) Q4: $65.08 (record) Source: LSEG Valuations (roughly 20 times forward S & P 500 earnings) are pricey but not unreasonable given the continuing strength of the economy and the prospects of AI-boosted returns. May: market advance broadens (advance/decline line) S & P 500: near new high S & P Mid Cap: new high S & P Small Cap: highest since Dec.

Persons: Sam Stovall, CFRA, Brian Belski, Belski, Subramanian, Venu Krishna, Goldman Sachs, David Kostin, Ned Davis, Ed Clissold, Oppenheimer, John Stoltzfus, Lori Calvasina, Manish, Nicolaus, Barry Banniester, Jonathan Golub, Chris Harvey, Dubravko, Bujas, Cantor Fitzgerald, Eric Johnson, Scott Chronert, Julian Emanuel, Fundstrat, Tom Lee, Morgan Stanley, Mike Wilson, Hugo Ste, Stovall Organizations: BMO Capital, Wall, of America, Barclays, BMO, RBC, Societe Generale, UBS, Bloomberg, Citigroup, Deutsche Bank, ISI, JPMorgan, Scotiabank, @VX Locations: Wells Fargo, Marie

☆ Real estate mogul Ryan Serhant talks national housing market & NYC's skyrocketing rent prices
▼ + stars: | 2024-05-16 | 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 EmailReal estate mogul Ryan Serhant talks national housing market & NYC's skyrocketing rent pricesHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Ryan Serhant, Brian Sullivan, “ Organizations: CNBC

☆ Biden slams Trump as he touts record-high Dow crossing 40,000
▼ + stars: | 2024-05-16 | by ( Brian Schwartz | ) www.cnbc.com time to read: +1 min

U.S. President Joe Biden delivers remarks on the September Jobs Report at the White House in Washington, D.C., on Oct. 6, 2023. President Joe Biden's campaign ripped presumptive Republican nominee Donald Trump after the Dow Jones Industrial Average hit a record 40,000 on Thursday. "Donald Trump promised the stock market would crash if Joe Biden was elected. Instead, Joe Biden has broken economic records across the board." After the Dow hit 30,000 in 2020, Trump held a press conference at the White House to tout the milestone.

Persons: Joe Biden, Joe Biden's, Donald Trump, it'll, Michael Tyler, Biden, Trump Organizations: White, Washington , D.C, Dow Jones, Trump, Dow Locations: Washington ,, New York

☆ In ‘Back to Black,’ Marisa Abela’s Amy Winehouse is the best reason to go, go, go
▼ + stars: | 2024-05-16 | by ( Brian Lowry | ) edition.cnn.com time to read: +3 min

CNN —The tragic arc of Amy Winehouse’s brief life and nova-like career creates built-in problems for a biography of the singer, which doesn’t dampen the knockout performance by Marisa Abela in “Back to Black,” capturing the talent, rage and self-destructiveness that defined her. Thin as biopics go, the power of Abela’s portrayal elevates the film, providing a poignance and strength that’s the clearest motivation to go, go, go. Then again, as constructed here, the two went hand in hand, with the lyrics to songs like “Back to Black” and “Rehab” directly addressing her addictions to her relationship with Blake and alcohol. In terms of capturing what animated Winehouse, the blinding star power that Abela emits here ultimately justifies the exercise. “Back to Black” premieres May 17 in US theaters.

Persons: Amy Winehouse’s, Marisa Abela, Blake, Jack O’Connell, Eddie Marsan, Lesley Manville, Tony Bennett, Sam Taylor, Johnson, John Lennon, Matt Greenhalgh, “, Abela, Winehouse, Bob Marley, ” Organizations: CNN, HBO

☆ Actor William Shatner on using AI art for new children's album
▼ + stars: | 2024-05-16 | 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 EmailActor William Shatner on using AI art for new children's albumHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: William Shatner, Brian Sullivan, “ Organizations: CNBC

☆ Stocks making biggest moves premarket: Under Armour, Walmart, AMC, GameStop, Canada Goose and more
▼ + stars: | 2024-05-16 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Under Armour — The sportswear maker's Class A shares slumped 11% and its Class C stock fell 9% after it issued lower-than-expected full-year earnings guidance. Under Armour now expects earnings in the range of 18 cents to 21 cents while analysts polled by FactSet had forecast 59 cents. Cisco Systems also hiked its 2024 revenue guidance, saying it now expects revenue of $53.7 billion at the midpoint of a range. Meme stocks — Shares of AMC and GameStop extended losses following the revival of the meme stock movement on Monday and Tuesday. Baidu reported CNY 31.51 billion ($4.7 billion) of revenue, topping the CNY 31.34 billion expected by analysts, according to StreetAccount.

Persons: Armour, FactSet, Goose, Warren Buffett's Berkshire Hathaway, Chubb, Deere, GoodRX, Raymond James, John Ransom, Coupang, Tesla, — CNBC's Michelle Fox, Hakyung Kim, Sarah Min, Samantha Subin, Jesse Pound Organizations: Walmart, Wall, LSEG, Revenue, —, Berkshire, Cisco Systems, AMC, GameStop, Deere, Company, Baidu, UBS, ISI, European Union, Facebook Locations: Krakow, Poland, The Seattle

☆ This 147-year-old company that's been trailing the market is ready for big upside, some analysts say
▼ + stars: | 2024-05-16 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Despite AT & T 's stock trailing the overall market, analysts from JPMorgan and Wells Fargo think the storied company is well positioned for long-term growth. AT & T dates back to 1876, when Alexander Graham Bell invented the telephone and then founded Bell Telephone Company a year later. Both JPMorgan and Wells Fargo think the firm can continue to grow its wireless business with a steady stream of new customers. The analyst maintains an overweight rating on AT & T stock with a $20 per share price target, implying 15% upside moving forward. In the first-quarter, the company said it reported the lowest level of postpaid customer churn for that time period ever.

Persons: Wells, Sebastiano Petti, Alexander Graham Bell, Petti, Wall, Eric Luebchow Organizations: JPMorgan, Bell Telephone Company, 5G

☆ Here are the perks Trump's top donors would receive during the Republican National Convention
▼ + stars: | 2024-05-16 | by ( Brian Schwartz | ) www.cnbc.com time to read: +3 min

ANAHEIM, CALIFORNIA - SEPTEMBER 29: Former U.S. President Donald Trump Former U.S. President Donald Trump speaks at the California GOP convention on September 29, 2023 in Anaheim, California. Presidential candidates set to speak at the convention include former President Donald Trump, Florida Gov. (Photo by David McNew/Getty Images)Former President Donald Trump's top donors are to be rewarded for supporting him while they attend the Republican National Convention in July, according to new documents reviewed by CNBC. A fundraising committee called Trump 47 is offering its donors "major investor convention benefits," according to a pamphlet. The document lists convention rewards for Trump 47 Committee donors who either raise up to $2.5 million or personally give between $24,000 and $844,600.

Persons: Donald Trump, Ron DeSantis, South Carolina Sen, Tim Scott, Vivek Ramaswamy, David McNew, Donald Trump's, Trump, Harley, Jeffrey Sprecher, Sen, Kelly Loeffler, Robert Mercer, Linda McMahon, Woody Johnson Organizations: U.S, Donald Trump Former U.S, California GOP, Florida Gov, Republican National Convention, CNBC, Trump, Republican National Committee, Republican, Donors, Fiserv, Davidson, Republicans, RNC, Intercontinental Exchange, Renaissance Technologies, Small Business Administration, New York Jets Locations: ANAHEIM, CALIFORNIA, California, Anaheim , California, Florida, South Carolina, Milwaukee

☆ Madonna’s Celebration Tour Proves She Won’t Quit - The New York Times
▼ + stars: | 2024-05-16 | by ( Mary Gabriel | Kristin J. Lieb | ) www.nytimes.com time to read: +1 min

Eighteen years ago, Madonna observed: “Once you pass 35, your age becomes part of the first sentence of anything written. “Women, generally, when they reach a certain age, have accepted that they’re not allowed to behave a certain way. But I don’t follow the rules .…”To the question “Is she still relevant?” her Celebration Tour, which concluded this month, is proof that she is. According to Billboard, her six-month, 80-show tour grossed $225.4 million, making her the only woman in history to gross more than $100 million during six concert tours. The Celebration Tour proved that Madonna wasn’t afraid of drawing attention to her long career; she owned it proudly.

Persons: Madonna, Brian Hiatt, they’re, … ”, Bruce Springsteen, Madonna wasn’t Organizations: Billboard Locations: Rio

☆ Stock market's 'sell in May' adage doesn't pay off, says Annex's Brian Jacobson
▼ + stars: | 2024-05-16 | 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 EmailStock market's 'sell in May' adage doesn't pay off, says Annex's Brian JacobsonBrian Jacobson, Annex Wealth Management chief economist, joins 'Power Lunch' to discuss the markets, earnings season and what he think will be the catalyst for the market to continue to move higher.

Persons: Annex's Brian Jacobson Brian Jacobson Organizations: Wealth Management

☆ ‘Bridgerton’ review: The Netflix show whistles down a new road to romance with Penelope and Colin
▼ + stars: | 2024-05-16 | by ( Brian Lowry | ) edition.cnn.com time to read: +3 min

Fortunately, the third round (after a “Queen Charlotte” detour) has the highly sympathetic Penelope Featherington (Nicola Coughlan) at its core, adding some additional sweetness to the formula. For the uninitiated, poor Penelope has spent two seasons secretly moonlighting as the acid-tongued gossip Lady Whistledown (still voiced by Julie Andrews, because, well, Julie Andrews! (There’s a praying mantis quality to Bridgertons, since while mating doesn’t lead to death, they do tend to lose their heads and then mostly disappear.) Give some credit to the casting and, more pragmatically, the strength of Netflix as a platform relative to the more rarefied homes for such fare. “Bridgerton” begins its third season May 16 on Netflix, with the second half to premiere on June 13.

Persons: you’ve, Charlotte ”, Penelope Featherington, Nicola Coughlan, Penelope, moonlighting, Whistledown, Julie Andrews, Colin, Luke Newton, Jane Austen, Francesca, Hannah Dodd, Violet, Ruth Gemmell, “ Bridgerton, Shonda Rhimes, Bridgerton ” Organizations: CNN, Netflix

☆ Auto incentives are back — but high interest rates weaken deals for buyers
▼ + stars: | 2024-05-16 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +4 min

Simonskafar | E+ | Getty ImagesIncentives are coming back to the auto market, but high interest rates are weakening those deals for car shoppers. In today's market, consumers are more likely to see it as "free money," she said, especially as auto loan rates stay high. watch nowWhen you roll that into your new car loan, it increases your payment. Search for available incentives: Car shoppers will have to a do lot more shopping and research to find available incentives, Caldwell said. Know your credit score: While shoppers might come across 0% financing offers, those deals are often reserved for buyers with excellent credit.

Persons: Jessica Caldwell, Trump, Brian Moody, Kelley, Edmunds, Caldwell, That's, that's, Moody Organizations: Getty, Finance, Biden Locations: Edmunds

☆ Rep. Josh Gottheimer talks Pres. Biden's economic victories and the future of SALT deductions
▼ + stars: | 2024-05-16 | 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 EmailRep. Josh Gottheimer talks Pres. Biden's economic victories and the future of SALT deductionsHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Josh Gottheimer, Pres, Brian Sullivan, “ Organizations: CNBC

Six Flags stock has ticked up nearly 7% in 2024. The analyst reiterated an overweight rating on the stock as well as a $1,200 per share price target, implying more than 31% upside from Tuesday's close. The analyst has a buy rating on Nvidia with a $1,150 per share price target, or about 26% upside ahead. He also raised his price target on U.S.-listed shares to $5.40 per share from $4.80, though the new forecast calls for a 6% decline over the next year. NIO YTD mountain NIO YTD Lai had downgraded Nio to underweight in February due to slowing sales momentum.

Persons: Chris Woronka, Woronka, Brian Evans, John Vinh doesn't, NVDA, Vinh, Timothy Arcuri, Arcuri, — Brian Evans, Goldman Sachs, Alphabet's, Eric Sheridan, Sheridan, Oppenheimer, Jason Helfstein, GOOG, Helfstein, Brent Thill, Jefferies, Nick Lai, YTD Lai, Fred Imbert, ~$ ( ~$) Organizations: CNBC, JPMorgan, Deutsche Bank downgrades, Flags Entertainment, Deutsche Bank, Fair, Nvidia, Blackwell, UBS, Google, Gemini

☆ Solus' Dan Greenhaus and Charles Schwab's Kevin Gordon talks what is driving the market right now
▼ + 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 EmailSolus' Dan Greenhaus and Charles Schwab's Kevin Gordon talks what is driving the market right nowHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Dan Greenhaus, Charles Schwab's Kevin Gordon, Brian Sullivan, “ Organizations: CNBC

☆ TikTok’s new suitor is former Dodgers owner Frank McCourt, as lawsuit pushes back against ban
▼ + stars: | 2024-05-15 | by ( Brian Fung | Clare Duffy | ) edition.cnn.com time to read: +4 min

Frank McCourt, a real estate billionaire and the former owner of the Los Angeles Dodgers, said Wednesday he is laying the groundwork to acquire TikTok as part of a broad initiative to make a healthier internet. Still, McCourt said, the potential opportunity to acquire TikTok is a chance to rewire how social media works. “We can, and must, do more to safeguard the health and well-being of our children, families, democracy and society,” McCourt said in a statement. McCourt joins a host of other would-be suitors angling to pick up a platform used by 170 million Americans. A group of eight TikTok creators on Tuesday also filed a separate lawsuit challenging the potential ban.

Persons: Joe Biden, TikTok, Frank McCourt, McCourt, ” McCourt, Kirkland, Ellis, Sir Tim Berners, Lee, Steven Mnuchin, Kevin O’Leary, “, ”, Topher Townsend, ” TikTok Organizations: New, New York CNN, Los Angeles Dodgers, TikTok, Guggenheim Securities, Former, O’Leary Ventures, US Department of Justice Locations: New York, United States, China

☆ I was accepted to Yale. Here's everything I included in my successful Ivy League application.
▼ + stars: | 2024-05-15 | by ( Brian Zhang | ) www.businessinsider.com time to read: +6 min

Read previewI recently reviewed my Yale admissions file after being a student there for three years. I believe that everyone's college application journey is unique and that mine is just one sample, but I equally understand the urge to hear about other people's experiences. So, I'm now sharing a deeper look into my college application. I tried to highlight my passions in my extracurricularsThe author's college application. I wanted to capture who I truly am in my college essayThe author's college essay.

Persons: —, I'm, Brian Zhang, Brian, genuineness Organizations: Service, Yale, YouTube, Business, Dartmouth, Colleges, Ivy League Locations: Sunset Park , Brooklyn, Brooklyn

☆ Pres. Biden needs a rate cut in his back pocket by September debate, says James Pethokoukis
▼ + 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 EmailPres. Biden needs a rate cut in his back pocket by September debate, says James PethokoukisHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Pres, Biden, James Pethokoukis, Brian Sullivan, “ Organizations: CNBC

☆ Here's why BMO Capital hiked S&P 500 target to the highest on Wall Street
▼ + 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 EmailHere's why BMO Capital hiked S&P 500 target to the highest on Wall StreetBrian Belski, chief investment strategist at BMO Capital Markets, joins 'Halftime Report' to explain why BMO is raising its price target to the highest on Wall Street.

Persons: Brian Belski Organizations: BMO Capital, BMO Capital Markets, BMO

☆ Davis Sacks on political deep fakes: Panicking about something already handled by existing laws
▼ + 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 EmailDavis Sacks on political deep fakes: Panicking about something already handled by existing lawsHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Davis Sacks, Brian Sullivan, “ Organizations: CNBC

☆ Lawrence Cunningham talks Berkshire Hathaway's investment in Chubb
▼ + 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 EmailLawrence Cunningham talks Berkshire Hathaway's investment in ChubbHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Lawrence Cunningham, Chubb, Brian Sullivan, “ Organizations: Berkshire, CNBC

☆ Baidu’s robotaxi unit expects to turn profitable next year
▼ + stars: | 2024-05-15 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +2 min

A driverless robotaxi autonomous vehicle developed by Baidu Apollo driving along a street in Beijing. SHANGHAI — Chinese tech company Baidu said Wednesday its Apollo Go robotaxi arm expects to turn profitable next year. The projection comes as Elon Musk has emphasized his plans to build up Tesla's robotaxi efforts amid a decline in revenue. Baidu on Wednesday announced Apollo's 6th generation robotaxi will cost around 200,000 yuan ($28,169) — or less than half that of the prior generation, the company said. Others in the auto industry remain more skeptical about fully driverless cars, which require broad regulatory approval in order to operate.

Persons: Elon Musk, Apollo, Baidu, Brian Gu Organizations: Baidu, Wednesday, China Securities Regulatory Commission, Xpeng Locations: Beijing, SHANGHAI, Wuhan, China

☆ BMO Capital hikes S&P 500 target to highest on Wall Street
▼ + stars: | 2024-05-15 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

The rally back to the record highs for the S & P 500 is already spurring at least one Wall Street shop to raise its expectations for the year. BMO Capital Markets strategist Brian Belski said in a note to clients Wednesday that he is raising his year-end target for the S & P 500 by almost 10% — to 5,600 from 5,100. .SPX YTD mountain The S & P 500 has rebounded to record highs. "Historical performance patterns suggest continued gains given the level of YTD performance. The S & P 500 hit an intraday all-time high on Wednesday morning, trading near 5,279.

Persons: Brian Belski, Belski, — CNBC's Michael Bloom Organizations: BMO Capital Markets, Street, CNBC Market, Survey, BMO

☆ Chuck Schumer and bipartisan group of senators unveil plan to control AI – while investing billions of dollars in it
▼ + stars: | 2024-05-15 | by ( Brian Fung | ) edition.cnn.com time to read: +3 min

It also instructs multiple Senate committees to come up with guardrails for AI to address some of its biggest risks, such as AI-enabled discrimination, job displacement and election interference. “Harnessing the potential of AI demands an all-hands-on-deck approach and that’s exactly what our bipartisan AI working group has been leading,” Schumer said Wednesday. “This roadmap represents the most comprehensive and impactful bipartisan recommendations on artificial intelligence ever issued by the legislative branch,” Young said Wednesday. Schumer has described regulating artificial intelligence as a challenge for Congress unlike any other, vowing a swift timeline measured in months, not years. But policy analysts, and some congressional aides, doubt whether Congress can pass significant legislation regulating AI in an election year.

Persons: Chuck Schumer, Schumer, ” Schumer, New Mexico Democratic Sen, Martin Heinrich, Republican Sens, Mike Rounds, Todd Young, ” Young, ” Organizations: CNN, European Union, National Security, Artificial Intelligence, New, New Mexico Democratic, Republican, South, Todd Young of Indiana, EU Locations: New York, New Mexico, South Dakota

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