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Tesla — The electric vehicle maker climbed 6.9% despite earnings coming in weaker than analysts forecasted for the first quarter. Tesla posted 45 cents in adjusted earnings per share on $21.3 billion in revenue, while analysts surveyed by LSEG anticipated 51 cents and $22.15 billion. Mattel said it gave up 5 cents per share in the first quarter, less than the 12 cents anticipated by analysts polled by LSEG. Mattel saw $810 million in revenue for the three-month period, under Wall Street's consensus estimate of $832 million. The company said to expected second-quarter revenue between $290 million and $330 million, under the consensus forecast of $349 million.
Persons: Tesla, LSEG, Enphase Organizations: Mattel, LSEG, Texas, Visa
Hatsune Miku, the vocaloid singer, kicked off her new tour on a giant LED screen. Some fans are fuming, 404 Media reports, given she's appeared as a hologram in the past. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementVirtual popstar Hatsune Miku had the nerve to appear in 2D — not 3D — while kicking off her latest North American tour. Related storiesOn X and TikTok, the #MikuExpo2024 hashtag surfaced mixed reviews, according to 404 Media.
Persons: Miku, , Lady Gaga Organizations: Service, , Miku's, Media, Future Media, Business, Phoenix Sunday Locations: America, Vancouver, Portland, San Jose, Phoenix
However, WBD's upcoming reboot of the DC universe may help move the needle for Max, according to Bank of America lead media analyst Jessica Reif Ehrlich. AdvertisementWBD is now rebooting its superhero franchise with the DC Universe, or DCU for short, which will have films with interconnected storylines like Marvel has. Reif Ehrlich said new DC films and series could be cross-sold across Max, cable, and free, ad-supported streaming TV channels. AdvertisementAlthough WBD's cable channels are suffering as millions of US households cut the cord, Reif Ehrlich said this dual-distribution method is an effective marketing mechanism. "WBD can employ this same playbook to promote the launch of the new DC universe and other high-value content," Reif Ehrlich wrote.
Persons: , WBD's, HBO Max, Max, Jessica Reif Ehrlich, WBD, Marvel, James Gunn —, Reif Ehrlich, Kate Taylor, David Zaslav Organizations: Service, Warner Bros, Netflix, HBO, Warners, Nielsen, Business, Bank of America, Disney, Marvel, DC, DCU, Max, Hollywood, HGTV, Food Network
The newer version ended up sliding out of the buns way more than the original. Harry Kersh/Business InsiderThe original Big Mac is, in many ways, a perfect burger. The sauce is slightly sweet but with plenty of tang to balance it, something that is lost in the new version. The bun was slightly too spongy, but in hindsight I see why that was the case. The new bready, buttery brioche-style version didn't have the requisite give needed to squeeze the fillings tightly enough to contain them.
Persons: Harry Kersh, buttery Organizations: Mac
Reddit shares jumped 48% in their debut on Thursday in the first initial public offering for a major social media company since Pinterest hit the market in 2019. Reddit and selling shareholders raised about $750 million from the offering, with the company collecting about $519 million. This year, Reddit said it plans to recognize roughly $66.4 million in revenue as part of its data licensing deals. Google has also entered into an expanded partnership with Reddit, allowing the search giant to obtain more access to Reddit data to train AI models and improve its products. "I hope they believe in Reddit and support Reddit," Huffman told CNBC in an interview on Thursday.
Persons: Steve Huffman, Lynn Martin, Reddit, Pinterest, Klaviyo, Pinterest's, it's, Alexis Ohanian, Huffman, Redditors, Sam Altman, Condé Nast, Altman's, Altman Organizations: New York Stock Exchange, Astera Labs, Nasdaq, Meta, Google, Reddit, Federal Trade Commission, FTC, Companies, CNBC, GameStop, Tencent, Advance Magazine Publishers Locations: New York, It's, Reddit
Despite that, Adobe beat analysts' predictions on both lines in its fiscal first quarter and announced a $25 billion share buyback. Ulta — The beauty retailer slipped 5% as full-year earnings expectations came in on the low end of Wall Street's forecast. Ulta said to anticipate between $26 and $27 per share for earnings over the entire year. Smartsheet — The business software provider retreated by 7% as revenue guidance underwhelmed Wall Street. Meanwhile, analysts polled by FactSet forecast $262.3 million in revenue for the quarter and $1.14 billion for the year.
Persons: Ulta, Cardlytics, Zumiez, FactSet, Smartsheet Organizations: Adobe, LSEG, Wall, FactSet
Stock futures are near flat Thursday night as investors analyzed the fresh batch of corporate earnings and attempted to look beyond the latest inflation reading. S&P 500 futures and Nasdaq 100 futures were also both little changed. The S&P 500 and Nasdaq each fell around 0.3%. Bond yields climbed in the session — with the benchmark 10-year Treasury reaching 4.29% — as investors wondered if the recent economic data was too strong for the Federal Reserve to loosen monetary policy. Investors will watch Friday morning for economic data on topics such as consumer sentiment, import prices and industrial production.
Persons: Dow, Mark Luschini, Janney Montgomery Scott, Luschini Organizations: Dow Jones Industrial, Nasdaq, Adobe, Treasury, Federal Reserve, Dow
But Blumofe, who noted he's still a believer in the web and modern technology, cautioned we could be in for stagnation. Blumofe compared the current state of the web today to the aerospace industry in the 1960s. Today, aerospace innovation has stalled, he added. "All that was in the 60s and 70s," Blumofe noted. "If someone had gone asleep in 1975 and then woke up and looked at aerospace today they would be wildly disappointed."
Persons: Edwin E, Aldrin, Jr, we'd, underwhelmed, Robert Blumofe, Tim Berners, Lee, he's, Blumofe Organizations: United, CNBC, Boeing Locations: United States
Oracle — The database software stock surged 11% and headed for its best day since December 2021 after posting fiscal third-quarter earnings that topped Wall Street's expectations. Asana — The stock shed about 11% after the work management platform issued weak full-year revenue guidance. Asana said to expect revenue between $716 million and $722 million, less than the forecast of $725 million estimated by analysts polled by LSEG. American is expecting an adjusted loss of 15 cents to 35 cents per share, versus a 22 cent loss expected from analysts polled by FactSet. On lost 0.05 Swiss franc per share, while analysts polled by StreetAccount expected On to earn 0.10.
Persons: Oracle, William Brown, Asana, Microstrategy, Canaccord, TD Cowen, Dan Loeb's, StreetAccount, Archer, Daniels, Samantha Subin, Lisa Han, Alex Harring, Sarah Min Organizations: Southwest Airlines —, Boeing, Southwest, Oracle, L3Harris Technologies, LSEG, Wall Street, Boeing —, New York Times, Max, Alaska Airlines, Acadia Pharmaceuticals, American Airlines —, FactSet, Management, Advance, Swiss, Revenue, Daniels, Midland, Daniels Midland, . New York Community Bancorp Locations: .
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Jim said Tuesday if not restricted, the Club would trim the position into the embattled stock's recent signs of life. 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: Jim Cramer, We've, Jim, Morgan Stanley, Nelson Peltz, Peltz, Jim Cramer's Organizations: CNBC, Nasdaq, Apple, Bulls, Bears, Club, Wealth Management, Disney Locations: China
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. However, Jim Cramer said the market's reaction was unwarranted, forecasting more upside for Salesforce stock to come. 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, it's, Salesforce, management's, Jim, TJ Maxx, Jim Cramer's Organizations: CNBC, TJX Companies, Management
US lawmakers were given intel on a new nuclear space weapon Russia is building, multiple outlets reported. AdvertisementUS leaders in Congress were briefed on Wednesday about new intelligence that Moscow is making progress on a nuclear weapon in space that can attack satellites, multiple media outlets reported. In a regular press briefing on Wednesday, National Security Adviser Jake Sullivan declined to share details about the "national security threat" but acknowledged that Biden officials are meeting to discuss it with lawmakers. It's not immediately clear if the Russian space weapon in question is nuclear-powered or uses nuclear arms. However, Moscow has been pulling out of other nuclear weapon treaties in recent years, raising fears that the world could enter another Cold War-like environment.
Persons: Mike Turner, , Biden declassify, Mike Johnson, Johnson, Joe Biden, Jim Himes, Himes, Mike, Jake Sullivan, Turner, Sullivan, It's Organizations: intel, CNN, Service, ABC News, New York Times, ABC, Intelligence, Administration, Times, Capitol, Democratic, National, Biden, Center for Strategic & International Studies Locations: Russia, Capitol HIll, Moscow, Jim Himes of Connecticut, Ukraine
Cillian Murphy told GQ that he doesn't take photos with fans, and it made a big difference in his life. If a fan recognizes him in public, Murphy prefers to have a quick chat instead. AdvertisementCillian Murphy would much rather have a chat with a fan who encounters him in the wild than take a photo with them. However, Murphy spoke to the fan for 20 seconds. Cillian Murphy at the UK premiere of "Oppenheimer."
Persons: Cillian Murphy, Murphy, , Oppenheimer, GQ's Daniel Riley, Per Riley, you've, Vianney Le Caer, I'm, I've Organizations: Service, GQ, Observer, Rolling Stone UK
“ Lisa Frankenstein ” didn’t come to life at the North American box office in its first weekend in theaters. Universal Pictures oversaw the North American release for the streamer, where it is playing in 3,605 locations. Focus Features released “Lisa Frankenstein” in 3,144 locations. A 1980s-set teenage riff on Mary Shelly’s classic tale, “Lisa Frankenstein” was the directorial debut of Robin Williams’ daughter Zelda Williams. “Lisa Frankenstein,” $3.8 million.
Persons: “ Lisa Frankenstein ”, Diablo Cody, Kathryn Newton, Cole Sprouse, ” Matthew Vaugn’s “ Argylle ”, it's, Lisa Frankenstein ”, Mary Shelly’s, Robin Williams ’, Zelda Williams, AP’s Mark Kennedy, Cody, Karyn Kusama, , “ Wonka, Liam Neeson, Paul Dergarabedian, there’s, Dergarabedian, Bob Marley, ” Dergarabedian, Comscore, , “ Lisa Frankenstein Organizations: American, Universal Pictures, Rotten, Super
I tried 28 dips and spreads from Trader Joe's to see which would be the best for a Super Bowl party. As a regular connoisseur of Trader Joe's salsas and spreads, I decided to try some of the chain's most popular dips. AdvertisementThe pimento cheese dip basically was comfort food in a containerTrader Joe's pimento cheese dip was soft and flavorful. VERDICT: I may not be an expert on Southern dips, but Trader Joe's pimento cheese option tasted like a winner. So it was unsurprising that Trader Joe's upgraded version of this familiar favorite turned out to be one of the standout dips I tried.
Persons: Joe's, , Wilson, I'm, I'd, could've, Savanna, pico de gallo, Wilson I'm, jalapeño hummus, hummus, it's, Wilson It's, tzatziki, Wilson I've, Joe's tzatziki, Margherita, I've, pico, gallo, It's, Wilson Chunky, you've Organizations: Super Bowl, Service, Wilson, Joe's Locations: Buffalo, Savanna, Southern, dill, Joe's Buffalo, Monterey Jack, cayenne
Last year, Subway paid to install $6,000 slicers at the chain’s 20,000 US locations in response to its rivals serving freshly sliced meat. The results, so far, have been a “mixed bag,” according to Bill Mathis, the chairman of the North American Association of Subway Franchisees (NAASF), which represents as many as half of Subway locations on the continent. Franchisee’s flaring tensionsThe candor expressed by Mathis isn’t the first time franchisees have expressed their frustration with Subway. Subway, a privately held company, highlights praise from some franchisees during its periodic financial releases. In 2022, a release featured a quote from Donna Curry, a Subway franchisee that owns about 65 locations.
Persons: Bill Mathis, ” Mathis, , Mathis, he’s, , there’s, it’s, you’re, Mathis isn’t, Elisabeth DeLuca, Donna Curry, John Chidsey Organizations: New, New York CNN —, Subway, North American Association of Subway, Restaurant Business, CNN Locations: New York, NAASF
It lasted 30 minutes and fans later found the truck had a lower range and higher price on their own. AdvertisementAfter a four-year wait, the official Cybertruck launch party lasted about 30 minutes and left some order-holders wanting more. CEO Elon Musk stood in the bed of the Cybertruck listing off its specs – many of which had been leaked ahead of the launch . Following the launch party, all of the specs and prices for the three Cybertruck variations were posted to Tesla's website. AdvertisementThe Cybertruck launch was always going to be a difficult tightrope for Musk to walk , said Martin French, managing director at automotive consultancy Berylls.
Persons: , Elon Musk, Zack Nelson, Christopher Bowe, there's, Bowe, Nelson, we'd, Elon, Martin French, doesn't, Tesla, Matthew Donegan, Ryan, Donegan, Eric Locke, he's, Locke Organizations: Service, Porsche, Ford, Business, YouTube, nab
Still, I think Lowe's is the superior store for holiday decor this year. If I needed holiday decorations, I'd probably only return to Lowe's this year. Amanda Krause/Business InsiderI wouldn't say I disliked shopping at Home Depot for winter decorations, but I probably wouldn't return again this year. At Lowe's, on the other hand, I felt like I had stepped into a winter wonderland. So if I had to pick one home-improvement store to shop at this year for winter decorations, it'd have to be Lowe's.
Persons: I'd, Amanda Krause Organizations: Home Depot Locations: Lowe's
Washington CNN —Young voters played a critical role in helping elect President Joe Biden to the White House. For instance, last year, Biden signed the Inflation Reduction Act into law, which includes key provisions to reduce carbon emissions. Biden will also have to make the case to young voters over what he’s accomplished in his foreign policy, Hall said. But some progressive groups say that if they do not see more things accomplished on these domestic issues, it could result in low voter turnout among young voters and voters of color. Simon Rosenberg, a veteran Democratic strategist, said there is currently a vast divide between the president and young voters.
Persons: Joe Biden, , Biden, Hall, “ Young, they’re, ” Hall, Trump, Kevin Munoz, , MAGA, Harris, ” Munoz, Cliff Albright –, ” Biden, Albright, Trevon Bosley, ” Bosley, Simon Rosenberg, ​ ​ Rosenberg, It’s Organizations: Washington CNN — Young, Alliance for Youth, CNN, White House, White, GOP, Black, New York Times, Siena, Biden, Trump, Office, Democratic Party, Democratic Locations: Israel, United States, Paris, Gaza
Bill Gates is once again marking the holiday season with a list of some of his favorite books he read in the past year. His latest holiday list also includes a series of online economics lectures he calls "fantastic" and a holiday-themed Spotify playlist "just for fun." The book will help you better understand your own body, particularly what it means when you get sick, Gates wrote. The author "used to believe — as many environmental activists do — that she was 'living through humanity's most tragic period,'" Gates wrote. Gates' holiday Spotify playlistGates's 54-song playlist is available on his Spotify profile "just for fun," he wrote.
Persons: Bill Gates, Gates, Siddhartha Mukherjee Mukherjee, Columbia University oncologist, Mukherjee, Hannah Ritchie, Ritchie, Vaclav Smil Smil, he's, Smil, Timothy Taylor Gates, Taylor, King Cole's Organizations: Microsoft, Columbia University, University of Oxford, University of Manitoba, Stanford, Macalester College Locations: U.S
He’s the cover star of WSJ Magazine’s new issue and he’s spilling tea about being Taylor Swift’s new man. I’ve never dealt with it,” Kelce told the publication of Swift’s life in the spotlight. Kelce described his new girlfriend as “hilarious” and “a genius.”They share similar world views, he said, including when it comes to family. Folks around Kelce were more nervous about his first date with the super star singer than he was. “That was the biggest thing to me: make sure I don’t say anything that would push Taylor away,” he told WSJ magazine.
Persons: Taylor Swift, China's Xi, Charissa Thompson, Alec Baldwin, Taylor, Lion, Travis Kelce wasn’t, I’ve, ” Kelce, I’m, Kelce, , , Swift, “ She’ll, he’s, Donna Kelce Organizations: CNN, iTunes, SNL, , Kansas City Chiefs, Locations: Mexico, Arrowhead, New York City
It’s a sign a key engine for the world’s second-largest economy is still sputtering, despite Beijing’s stimulus packages. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementChina's property crash worsened last month in a sign the world's second-largest economy is still facing headwinds despite recent government interventions. Evergrande serves as a case in point for how an industry that contributed to China's economic boom for decades has turned into a point of weakness. That's a sign investors are looking past US president Joe Biden's San Francisco summit with Chinese premier Xi Jinping and zeroing back in on China's economic struggles, according to analysts.
Persons: , That's, that's, Evergrande, Hui Ka Yan, Joe Biden's, Xi Jinping, Hargreaves, Susannah Streeter, Joe Biden Organizations: Service, National Bureau, Statistics, Bloomberg, Cato Institute, CSI Locations: China, Beijing, Chinese, Joe Biden's San Francisco
Many voters said they were underwhelmed by Weah’s first term, which has been dogged by graft scandals and persistent poverty in Africa’s oldest independent republic. Both Weah and Boakai have received endorsements from candidates who lost in the first round. One significant unknown is the voting preference of the 6% of people whose ballots were invalidated in the first round. Any alleged irregularities in the second round could potentially fuel unrest, but there had been no reports of problems on Tuesday morning. “I am confident of winning.”‘A better Liberia’The vote is in many ways a test of Weah’s popularity.
Persons: Reuters — Liberians, George Weah, Joseph Boakai, Boakai, Weah’s, , Barbour, ” Weah, , Samuel Carr Organizations: Reuters, World Bank, United Locations: Africa’s, , Monrovia, Liberia, United States
SAN DIEGO (AP) — Padres owner Peter Seidler, who spent hundreds of millions of dollars trying to bring a long-elusive World Series championship to San Diego, died on Tuesday, the team announced. The Padres planned to open Petco Park on Tuesday afternoon for fans who wished to gather to pay respects. “His impact on the city of San Diego and the baseball world will be felt for generations,” Greupner said. "Putting a great and winning team on the field in San Diego year after year is sustainable.”Seidler scoffed at the notion that San Diego was a small market. “Peter grew up in a baseball family, and his love of the game was evident throughout his life.
Persons: Peter Seidler, wasn't, O'Malley, Seidler, wouldn't, Erik Greupner, Peter, ” Greupner, Ron Fowler’s, Manny Machado, Xander Bogaerts, , scoffed, Rob Manfred, “ Peter, ” Machado, Fernando Tatis Jr, Juan Soto, Bob Melvin, A.J, Soto, ___ Organizations: DIEGO, — Padres, Brooklyn / Los Angeles Dodgers, Padres, , Rawlings Sporting Goods Company Inc, MLB, NL, Chargers, Los, San, Baseball, Major League Baseball, San Francisco Locations: San Diego, Diego, Los Angeles, San Francisco, Mexico City, , Arlington , Texas
It was the undercard that underwhelmed. The third straight Republican presidential debate that former President Donald J. Trump has skipped — choosing instead to rally with supporters a few miles away — represented a critical and shrinking chance for his rivals to close his chasm of a polling advantage. And with only five candidates on the stage for the first time — Chris Christie, Ron DeSantis, Nikki Haley, Vivek Ramaswamy and Tim Scott — they all had far more time to speak. Yet they had precious little to say about Mr. Trump, even when given the chance just over two months before the Iowa caucuses. They sparred in a substantive debate that dissected disagreements over aid to Ukraine, Social Security, confronting China, banning TikTok and how to approach abortion less than 24 hours after Republicans suffered their latest electoral setbacks driven by the fall of Roe v. Wade.
Persons: Donald J, Trump, , Chris Christie, Ron DeSantis, Nikki Haley, Vivek Ramaswamy, Tim Scott —, Roe, Wade Organizations: Social Security, Republicans Locations: Iowa, Ukraine, China
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