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☆ Disney shares tumble on light guidance. But here's why we're raising our price target
▼ + stars: | 2024-05-07 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

Disney Why we own it: We value Disney for its best-in-class experiential entertainment Parks business, which has proven to have immense pricing power. In the second quarter, the combined business — Disney+, India's Disney+ Hotstar, Hulu and ESPN+ — saw losses of $18 million, far better than the $659 million loss in the year-ago period. DTC profitability benefited from Disney+ core subscriber growth, higher retail subscription prices, increased advertising revenue on the back of higher impressions, and lower distribution costs. Clearly, Disney still has a big opportunity in sports as they execute on their DTC streaming strategy for ESPN. The atmosphere at the Disney Bundle Celebrating National Streaming Day at The Row in Los Angeles on May 19, 2022.

Persons: —, Nelson Peltz, wouldn't, Hugh Johnston, Jim Cramer's, Jim Cramer, Jim, Presley Ann Organizations: Club, Revenue, LSEG, Disney, Parks, ESPN, Comcast, Netflix, Warner Bros Discovery, Paramount Global, CNBC, seasonality, Entertainment, Hulu, Hulu Live, Sports ESPN, College Football, National Football League, Walt Disney World, Disney Cruise, Disneyland, Hong Kong, Getty Locations: Hulu, India, Florida, California, Hong, Los Angeles

☆ This semiconductor ETF is headed for its best quarterly gain in a year. Here are the winners
▼ + stars: | 2024-03-28 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Semiconductor stocks are off to another hot start to the year. The VanEck Semiconductor ETF (SMH) is up 28.5% in the first three months of 2024. That puts the SMH on pace for its biggest quarterly gain since the first quarter of 2023, when it jumped 30%. The stock is up more than 30% to start 2024. Shares have skyrocketed more than 39% to start 2024, helped by strong sales in high bandwidth memory necessary in AI infrastructure.

Persons: Ken Mahoney, Nvidia, Hendi, Management's Paul Meeks, Andrew Garthwaite cautioning Organizations: VanEck Semiconductor, Asset, Taiwan Semiconductor Manufacturing, Nvidia, Qualcomm, Apple, Devices, JPMorgan, PHLX Semiconductor, Intel, Micron Technology, Micron, UBS, Universal Locations: Taiwan

☆ The market is near all-time highs. That doesn't mean it can't go much higher
▼ + stars: | 2024-03-27 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

Looking at the recent performance of the market and several stocks in our portfolio, one thing is clear: This is a market that wants to go higher. We would much rather see stocks up on strong earnings instead of rising on lower rates that are only lower because the operating environment is deteriorating. But it's important to understand, at a high level, what kind of market we are still in — a bull market seeking new heights. We are fielding a lot of questions about how one should approach a market near all-time highs. Now, that doesn't mean stocks are on a one-way march higher and a pullback is impossible.

Persons: Jerome Powell, we've, We're, We'll, it's, –, Morgan Stanley, Coterra, Jim Cramer's, Jim Cramer, Jim, Erik McGregor Organizations: Federal Reserve, Fed, Linde, DuPont, Coterra Energy, Jim Cramer's Charitable, CNBC, Financial, LightRocket, Getty Locations: —, U.S, Russia, Ukraine, China, Taiwan, New

☆ Biden is changing his Israel-Gaza strategy
▼ + stars: | 2024-03-08 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

Read previewAs bodies pile up in Gaza and "uncommitted" votes pile up in primary state after primary state, President Joe Biden appears to understand that he has a problem on his hands. "We're not waiting on the Israelis," a senior Biden administration official told reporters as they previewed the plan on Thursday, ahead of Biden's speech. AdvertisementPresident Biden: "I told him, Bibi, and don't repeat this, but you and I are going to have a ‘come to Jesus’ meeting." And roughly half of those who voted for Biden in 2020 believe that Israel is committing genocide in Gaza, according to recent polling. "I say this as a lifelong supporter of Israel, my entire career," said Biden.

Persons: —, Joe Biden, Biden, We're, he's, Benjamin Netanyahu, Israel, Bibi, Jesus ’, ”, KCgpbx4awf — Sawyer Hackett, Pramila Organizations: Service, State, Business, Biden, Democratic, Capitol Locations: Gaza, Israel, @SawyerHackett, Washington, State

☆ Biden knows Israel's war in Gaza is a problem for him — and he's changing his strategy to address it
▼ + stars: | 2024-03-08 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAs bodies pile up in Gaza and "uncommitted" votes pile up in primary state after primary state, President Joe Biden appears to understand that he has a problem on his hands. AdvertisementPresident Biden: "I told him, Bibi, and don't repeat this, but you and I are going to have a ‘come to Jesus’ meeting." One month ago, Biden described Israel's conduct in Gaza as "over the top." And roughly half of those who voted for Biden in 2020 believe that Israel is committing genocide in Gaza, according to recent polling.

☆ Takeaways from the Biden-Xi summit, where low expectations were met
▼ + stars: | 2023-11-15 | by ( Stephen Collinson | ) edition.cnn.com time to read: +13 min

U.S. President Joe Biden shakes hand with Chinese President Xi Jinping on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, in Woodside, California, U.S., November 15, 2023. The Biden administration is worried about scores of what it calls “unprofessional” operations by Chinese planes and ships near US assets. Biden balances his job as commander in chief with huge political risksBiden knew his meeting with Xi would unleash a political firestorm. Biden had huge political incentives to make this summit a success but also needed to show he was tough on Xi. Meeting low bars at a moderately successful summit will not change the fundamentals of their rivalry.

Persons: Joe Biden’s, Xi Jinping, Biden, Xi, ” Biden, ” Xi, China’s, Joe Biden, Kevin Lamarque, “, Nancy Pelosi’s, Sen, Jim Risch, lacerated Biden, Bill Clinton’s, George H.W, Nikki Haley, Ron DeSantis, Donald Trump’s, it’s, ” Sue Mi Terry, George W, Bush, Barack Obama, CNN’s Erin Burnett, reaffirmation, “ I’m, that’s, ”, he’d, he’s Organizations: CNN, Economic Cooperation, United, US Air Force, Soviet Union, People’s Liberation Army, Republican, Senate Foreign Relations, US, Biden, South Carolina Gov, Florida Gov, GOP, Barack Obama National Security Council, Center for Strategic, International Studies, Congress, New York Times, Trump Locations: San Francisco, perilously, Asia, China, United States, ., Woodside , California, U.S, Taiwan, Chinese, Hainan, Soviet, Ukraine, Moscow, Syria, The Idaho, Beijing, George H.W . Bush, Iowa, Washington

☆ Southeast Asia haze returns as peatland fires fan global warming fears
▼ + stars: | 2023-10-16 | by ( Clement Tan | ) www.cnbc.com time to read: +9 min

watch now"The issue is that currently, most governments haven't really looked at the haze and climate change as a unified issue, yet. Something seasonal, that comes and goes, while climate change is something constant and developing," she added. United Nations Environment ProgramMalaysian officials are undoubtedly haunted by the memory of the 2015 and 2019 transboundary haze episodes. School closures were effected in Indonesia, Malaysia and Singapore — affecting nearly four million students in Malaysia alone. Vicious cycle in the peatlandsThe haze in southern Southeast Asia is emitted mostly from massive peatland fires in Sumatra and Borneo.

Persons: Al Zulkifli, Helena Varkkey, haven't, Siti Nurbaya Bakar, Jusuf Kalla, El Nino, El, Vicious, Varkkey, Sharon Seah, Ulet Ifansasti Organizations: Afp, Getty, El Nino, Universiti, CNBC, ASEAN, Jakarta Globe, United Nations Environment Program Malaysian, World Bank, Kuala, Airport, Nurphoto, ASEAN Specialized Meteorological, Asia, Yusof, Institute, United Nations Environment Program, UNEP, Malaysian, Anadolu Agency, Global, Greenpeace, Oil Locations: Ogan Ilir, South Sumatra, Al, Southeast Asia, Asia, Universiti Malaya, Kuala Lumpur, Peninsular Malaysia, Indonesia, Kalimantan, Malaysia, Indonesian, Jakarta, Brunei, Singapore, Thailand, Philippines, Sumatra, El Nino, Borneo, Palem Raya, Borneo . Forest, Anadolu, Eco

☆ Conservatives challenge pope on women, same-sex couples before Vatican meeting
▼ + stars: | 2023-10-02 | by ( Philip Pullella | ) www.reuters.com time to read: +5 min

[1/5] Cardinal Raymond Leo Burke attends a consistory as Pope Francis elevates five Roman Catholic prelates to the rank of cardinal, at Saint Peter's Basilica at the Vatican, June 28, 2017. The action was the latest latest clash between the pope and minority conservatives, who have accused him of undermining a number of traditional precepts. Topics will include the role of women, greater acceptance of LGBT Catholics, social justice and the effects of climate change on the poor. At the meeting, around 365 "members", including cardinals, bishops, lay people and, for the first time, women will vote on proposals. Conservatives have taken issue with the fact that many lay people will have voting rights in a what is formally a Synod of Bishops.

Persons: Cardinal Raymond Leo Burke, Pope Francis, Alessandro Bianchi, Raymond Burke, Walter Brandmueller of, Joseph Zen, Robert Sarah of Guinea, Juan Sandoval Iniquez, Francis, Cardinal Gerhard Mueller, Burke, Saint Pope John Paul II, Philip Pullella, Andrew Heavens Organizations: Vatican, REUTERS, CITY, America, National Catholic Register, Thomson Locations: Saint Peter's, Asia, Europe, Africa, United States, Walter Brandmueller of Germany, Hong Kong, Mexico, Germany, Vatican, U.S

Some analysts warn that rising yields could push up borrowing costs, causing the economic slowdown investors are now betting against. The key question is how much further bear steepening the market needs to see for "investors to become nervous," he added. In 2018, for instance, the curve shifted to a bear-steepening dynamic as the economy appeared to hold up well despite the Fed's tightening. Risks remain, however, warned Jonathan Cohn, head of US Rates Desk Strategy at Nomura Securities International, including the pain for companies refinancing debt at higher rates and China's weakening growth. BEARISH BETSSome investors are worried that Powell’s speech at the Fed's annual economic symposium in Jackson Hole, Wyoming, could trigger a short squeeze.

Persons: Jerome Powell's, Michael Harris, Gennadiy Goldberg, Alfonso Peccatiello, Peccatiello, Jonathan Cohn, Powell, Harris, Eoin Walsh, Jim Cahn, Cahn, Michael Edwards, Weiss, there'd, Edwards, Davide Barbuscia, Michelle Price, Megan Davies, Mark Porter Organizations: Treasury, Futures, Quest Partners, Securities USA, Fed, Nomura Securities International, Investors, TwentyFour Asset Management, Thomson Locations: U.S, New York, Jackson Hole , Wyoming, Carolina

☆ Democrats are more likely to take back the House after a recent New York court decision
▼ + stars: | 2023-07-13 | by ( Madison Hall | ) www.businessinsider.com time to read: +2 min

A recent appeals court decision out of New York may be what pushes Democrats to win the House in 2024. The appeals court ordered the Independent Redistricting Commission to redraw the state's congressional map. The congressional map used in 2022 led four Republicans to flip previously Democratic-held seats. House Minority Leader Hakeem Jeffries echoed DelBene, attacking the judge who appointed the special master to draw up the current congressional map of New York. "The Appellate Division decision confirms that the New York State Constitution requires congressional district lines be drawn by an independent redistricting commission.

Persons: George Santos, —, Suzan DelBene, DelBene, Hakeem Jeffries, Jeffries Organizations: Independent, Republicans, Service, New York Times, Division, Democratic, Times, Democratic Party, Republican, Republican Party, Democratic Congressional, New, New York Locations: New York, Wall, Silicon, York, Albany, —, North Carolina

☆ Opinion: As NATO shows unity, Putin has himself to thank
▼ + stars: | 2023-07-12 | by ( Opinion Frida Ghitis | ) edition.cnn.com time to read: +8 min

One was taking control of Ukraine, which he claimed has no right to exist; the other was weakening NATO. Russia’s unprovoked invasion of its neighbor strengthened Ukrainians’ sense of nationhood and led to the expansion of NATO on Russia’s border. Putin can still take some solace in the intense disagreements inside NATO prior to the summit over whether or not Ukraine should be granted membership. There’s a strong case to be made that if Ukraine joins while Russia’s invasion continues, NATO allies could be required to enter the war. The argument that Ukraine should not be allowed into NATO because it would provoke Putin holds little sway.

Persons: Frida Ghitis, Vladimir Putin, Recep Tayyip Erdogan, Putin, Jens Stoltenberg, Ukraine “, Volodymyr Zelensky’s, “ We’re, Joe Biden, ”, Zelensky, CNN’s Fareed Zakaria, Biden, That’s, outlast Putin, “ Putin, Erdogan’s, Erdogan, Turkey’s, Yevgeny Prigozhin Organizations: CNN, Washington Post, Politics, NATO, Frida Ghitis CNN, Nordic, European, Kremlin, Kyiv, US, Zelensky, Twitter, Azov Locations: Vilnius, Lithuania, Turkish, Sweden, Ukraine, Finland, Russia, Russia’s, Ukrainian, Russian, Kyiv, Moscow, Central Europe, Kremlin, Istanbul, Turkey, Mariupol

☆ A Resounding Reaffirmation of Times v. Sullivan
▼ + stars: | 2023-06-29 | by ( Lee Levine | Matthew L. Schafer | ) www.wsj.com time to read: 1 min

Wonder Land: Americans don’t want to forfeit forever their views on abortion or other personal issues. Images: Reuters/Associated Press Composite: Mark KellyDonald Trump said in 2016 that he wanted to “open up our libel laws” to make it easier to sue news organizations for defamation. Two Supreme Court justices later raised questions about the landmark ruling New York Times Co. v. Sullivan (1964). But on Tuesday the high court laid these questions to rest—in a case that on its face had nothing to do with defamation law.

Persons: Mark Kelly Donald Trump, ”, Sullivan Organizations: Associated, New York Times Co

☆ Premarket stocks: Debt ceiling woes could kill Wall Street dealmaking
▼ + stars: | 2023-05-22 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

Before the Bell spoke with Mitch Berlin, EY Americas Vice Chair, Strategy and Transactions, to discuss the effect the debt ceiling drama is having on dealmaking:This interview has been slightly edited for clarity. Uncertainty around the debt ceiling is threatening to stall any momentum in the M&A market. If the debt ceiling is not raised within the next few weeks, dealmaking will largely be put on hold and [it] could set M&A dealmaking back to the lows of the early pandemic or worse. Janet Yellen stands by June 1 debt ceiling deadlineUS Treasury Secretary Janet Yellen on Sunday reaffirmed June 1 as the “hard deadline” for the United States to raise the debt ceiling or risk defaulting on its obligations. “There will be hard choices to make if the debt ceiling isn’t raised,” reiterated Yellen after Biden’s warning.

☆ Biden vetoes legislation to block solar panel tariffs waivers
▼ + stars: | 2023-05-16 | by ( ) www.reuters.com time to read: +2 min

May 16 (Reuters) - President Joe Biden said on Tuesday he has vetoed legislation passed by the U.S. Congress that would repeal exemptions on American tariffs on imported solar panels from four Southeast Asian nations. Biden said the waivers will create a "bridge" while U.S. manufacturing ramps up enough to supply the domestic projects needed to achieve goals in fighting climate change. Top clean energy trade groups, whose members rely on cheap imports to keep their costs low, support the exemption and praised Biden's veto. Domestic solar manufacturers have said the tariffs are needed now to compete with cheap panels made overseas. Solar Energy Industries Association (SEIA) said the legislation would have eliminated 30,000 jobs in the solar sector by stalling development.

☆ US, South Korean leaders pledge to cooperate on forex market stability
▼ + stars: | 2023-04-27 | by ( ) www.reuters.com time to read: +1 min

April 26 (Reuters) - U.S. President Joe Biden and South Korean President Yoon Suk Yeol upgraded their commitment to cooperate on maintaining stability in foreign exchange markets at a summit on Wednesday, a senior South Korean economic official said. "It is meaningful that (the two leaders) expressed their willingness to actively cooperate for the financial stability at a higher level than before," Choi Sang-mok, senior presidential secretary for economy, told reporters in Washington. Biden and Yoon said in a statement following the summit that the two countries "will continue to consult closely on foreign exchange market developments to promote sustainable growth and financial stability". It was a reaffirmation of a commitment made last year but was an upgrade in the sense that it was included in the statement after the summit meeting held on the occasion of President Yoon's state visit, Choi said. Reporting by Choonsik Yoo; Editing by Sonali PaulOur Standards: The Thomson Reuters Trust Principles.

[1/2] A Fiat Chrysler Automobiles (FCA) sign is at the U.S. headquarters in Auburn Hills, Michigan, U.S. May 25, 2018. REUTERS/Rebecca Cook/File PhotoWASHINGTON, April 17 (Reuters) - The U.S. Supreme Court on Monday declined to hear a bid by General Motors Co (GM.N) to revive its racketeering lawsuit against rival automaker Fiat Chrysler Automobiles (FCA), now part of Franco-Italian automaker Stellantis NV , over bribery allegations involving the United Auto Workers union. Stellantis in a statement praised the court's decision to turn away what it described as "baseless claims" by GM. "Today's decision upholding the district court's dismissal of GM's lawsuit is another reaffirmation that its claims are meritless," Stellantis said. FCA paid a $30 million fine while the UAW agreed to independent oversight to resolve the U.S. Justice Department investigation.

☆ Blinken meets Ethiopian leader to repair ties damaged by war
▼ + stars: | 2023-03-15 | by ( Daphne Psaledakis | ) www.reuters.com time to read: +5 min

[1/11] U.S. Secretary of State Antony Blinken meets Ethiopian Deputy Prime Minister and Foreign Minister Demeke Mekonnen in Addis Ababa, Ethiopia March 15, 2023. "We have agreed to strengthen the long standing bilateral relations between our countries with a commitment to partnership," the Ethiopian leader said. While the peace deal has allowed humanitarian aid to flow into Tigray, needs remain immense after the conflict left hundreds of thousands facing starvation. Eritrean troops remain in several border areas while militia from the Amhara region, which neighbours Tigray, occupy large areas of territory in contested parts of western and southern Tigray, humanitarian workers said. A spokesperson for the Amhara regional government said it and the people of Amhara were "always ready to co-operate with peace deal process and activities".

☆ Indonesia president says "strongly regrets" past rights violations in country
▼ + stars: | 2023-01-11 | by ( ) www.reuters.com time to read: +2 min

JAKARTA, Jan 11 (Reuters) - Indonesian President Joko Widodo acknowledged on Wednesday a series of incidents amounting to "gross human rights violations" had taken place in his country's past, including the bloodshed and arrests that took place in 1965 and 1966. "With a clear, genuine mind and conscience, I as a head of state acknowledge that there were gross human rights violations that did happen in many events," he said. Jokowi said that the government would seek to restore the rights of victims "fairly and wisely without negating judicial resolving", though did not specify how. The president also cited human rights violations in the restive region of Papua, noting his acknowledgment came after reading the results received from a team he formed in 2022 to investigate these violations. Late President Abdurrahman Wahid apologised for the 1965 bloodshed, while President B.J.

And now, this law requires an interracial marriage and same-sex marriage must be recognized as legal in every state in the nation.”Video Ad Feedback Don Lemon and fiancé react to Biden signing same-sex marriage into law 02:24 - Source: CNNThe new law officially voids the Defense of Marriage Act, which defined marriage as between a man and a woman. It mandates that states honor the validity of out-of-state marriage licenses, including same-sex and interracial unions. The bill signing Tuesday amounted to the culmination of his transformation on the issue. It’s about – it’s about marriage – same-sex marriage. Among the guests invited to the bill signing at the White House Tuesday were prominent members of the LGBTQ community and activists.

☆ The political and spiritual symbolism of Mauna Loa’s historic eruption
▼ + stars: | 2022-12-01 | by ( Kimmy Yam | Kimmy Yam Is A Reporter For Nbc Asian America. | ) www.nbcnews.com time to read: +6 min

For many in the Native Hawaiian community, it carried a larger cultural and political symbolism and a message to respect Indigenous communities and land. Many Native Hawaiians are drawing from their mythology around Pele, the Hawaiian goddess of fire and creator of the islands, to help assign meaning to the historic eruption. “You don’t have authority to shape our sacred lands.”The eruption, Ing said, “is Pelehonuamea saying, ‘They’re right. And Pele’s lava flow, ho’omanawanui said, is associated with a cleansing that the Native Hawaiian community receives with gratitude rather than fear. So now Pele is coming in.”The symbolism around the eruption can also be applied to another lasting colonial force on the island: the tourism industry, Ing said.

☆ Barclays says buy this consumer hardware name, the ‘most underappreciated player in the space’
▼ + stars: | 2022-11-09 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +4 min

Logitech is poised to be a long-term winner in consumer hardware, making now a good time for investors to buy according to Barclays. The firm sees Logitech as "the most underappreciated player in the space, with easier compares and a replacement cycle on the horizon led by gaming," analyst Tim Long wrote in a Nov. 9 note. The company also holds the top market share in all three verticals of its creativity and productivity segment, which is profitable. In addition, the company does face increased competition in the consumer hardware space and could see its market share eroded due to a lack of production innovation. The company also holds the top market share in all three verticals of its creativity and productivity segment, which is profitable.

[1/2] A Wall Street sign outside the New York Stock Exchange in New York City, New York, U.S., October 2, 2020. REUTERS/Carlo AllegriSummarySummary Companies Meta Platforms rises on report of job cutsFutures up: Dow 0.22%, S&P 0.21%, Nasdaq 0.23%Nov 7 (Reuters) - U.S. stock indexes were set to open higher on Monday following a rollercoaster week, with investor focus shifting to Tuesday's midterm elections that will determine control of Congress. Traders are now betting on 67% odds of a 50-basis point rate hike at the U.S. central bank's meeting in December. ET, Dow e-minis were up 72 points, or 0.22%, S&P 500 e-minis were up 7.75 points, or 0.21%, and Nasdaq 100 e-minis were up 25.25 points, or 0.23%. The CBOE Volatility index (.VIX), also known as Wall Street's fear gauge, rose to 25.38 points a day after closing at its lowest since Sept. 13.

[1/2] A Wall Street sign outside the New York Stock Exchange in New York City, New York, U.S., October 2, 2020. "In general we have seen stocks perform better after a split government, I expect that to continue." Economists expect the annual consumer prices inflation to slow to 8.0% and the core numbers to dip to 6.5%. Both the midterm elections and inflation are likely to provide major cues for Wall Street after a volatile week dominated by mixed jobs report and hawkish comments from Fed Chair Jerome Powell. All the three major U.S. stock indexes are in bear market territory, from their previous record closing highs.

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