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☆ The incredible oblivion of Judge Marvin Isgur
▼ + stars: | 2024-06-03 | by ( Dakin Campbell | ) www.businessinsider.com time to read: +45 min

On a mild Houston day in March 2021, Judge Marvin Isgur prepared to oversee the only case on his docket that morning. In October 2023, the Fifth Circuit Court rebuked Judge David Jones but said that his longtime colleague, Judge Marvin Isgur, had been "unaware" of Jones' inappropriate relationship. "But only Judge Isgur knows what he knew or didn't know about the relationship." Much of this work was in cases before either Judge Isgur or Judge Jones. Isgur can continue to hear the case, he ruled, writing in the December 2023 opinion that lawyers for the creditor "failed to demonstrate much other than that former Judge Jones and Judge Isgur are close friends."

Persons: Marvin Isgur, David Jones, Jones, Elizabeth Freeman, Jackson Walker, Isgur, Michael Van Deelen, he'd, Freeman, Matthew Cavenaugh, Cavenaugh, Michael Van Deelen Van, Judge Jones, who'd, Steve Smith, Smith, Michael Lewis, Van Deelen, I'm, Van Deelen's, Tom Kirkendall, Gary Cruciani, Judge David Jones, Nancy Rapoport, University of Nevada Las Vegas William S, Kirkendall, " Jones, Trump, she's, Sarah, Porter Hedges, —, — Elizabeth Freeman, John Higgins, Whitney Ables, Josh Wolfshohl, Amy Lucas, Porter, Wesley Steen, Fifth Circuit —, that's, Liz, Bruce Markell, it's, Judge William Greendyke, Lynn LoPucki's, Patricia Tomasco, Christopher Lopez, Manges, Greendyke, Albert Alonzo, Alonzo, Jones Isgur, Susan Tran Adams, Matt Cavenaugh, Veronica Polnick, Genevieve Graham, cookout, Graham, Tran, Christina Morrison, David, I, Neiman Marcus, J.C, Penney, Freeman hadn't, hadn't, Jim Wilkinson, Ellis, Kirkland, Ellis —, Veronica Polnick —, Polnick —, Elizabeth, COVID, Jackson, Kirkland Ellis, they'd, — Greendyke, Wilkinson, Judge Isgur, Mike Warner, Eduardo Rodriguez, Rodriguez, Isgur's, Judge Lopez —, Lopez, Alfredo Perez, Weil, Perez, Richard Schmidt, Jack Newsham Organizations: Business, Southern District of, McDermott International, Southern, Houston, Fifth Circuit, Appeals, Department of Justice, Fifth, University of Nevada, Boyd School of Law, Circuit, University of Houston, American Bankruptcy Institute, Emory Law School, Emory, Facebook, Big Law, Reuters, Bloomberg, Northwestern's Pritzker School of Law, Enron, LinkedIn, Southern District of Texas, Judicial Conference, Texas, Chesapeake Energy, Big, Kirkland, Cavenaugh, UPS, Technologies, Candy Club, Omni, Norton Rose, GWG Holdings Inc, Brands, Southern District's, Southern District, US, Former Locations: Texas, Southern District, Southern District of Texas, Houston, New Orleans, United States, University of Nevada Las Vegas, Kirkendall, Galveston, Carolina, Porter, Harris, Nevada, Southern District of Texas , Delaware, New York, Delaware, Weil, Southern, disgorge, Sorrento, Corpus Christi, prefacing

☆ A juggernaut of the stock market's growth has hit a wall — buy these stocks instead
▼ + stars: | 2024-06-02 | by ( Jim Cramer | ) www.cnbc.com time to read: +12 min

How much do we pay for an enterprise software business that may have hit the wall, suddenly slowing down to sales growth in the high single digits from growth in the double digits? But Salesforce is the most glaring of the enterprise software behemoths, which include ServiceNow , Adobe , Workday , SAP , Intuit , and fallen star MongoDB . Or to put it another way, Salesforce needs its clients to hire more people to increase sales growth. SaaS is another form of enterprise software, is another form of applications software, is another form of kryptonite. Of course, there will be enterprise software companies that defy the slowdown.

Persons: Marc Benioff, Dow Jones, Salesforce, Ullal, Jensen Huang, that's, Thoma, —, Elon Musk's, Wells, It's, Charlie Scharf, Goldman Sachs, Dan Schulman, Bill Ready, Stanley Black, Decker, Jim Cramer's, Jim Cramer, Jim, Marlena Sloss Organizations: Oracle, Dow, Adobe, SAP, Intuit, Mad, Arista Networks, Microsoft, Nvidia, Arm Holdings, Thoma Bravo, Taiwan Semiconductor, Indy, Federal, Paypal, Fed, Jim Cramer's Charitable, CNBC, Bloomberg, Getty Locations: Norfolk Southern, Wells Fargo, Wells, Dover, Informatica

☆ Tschabalala Self is an artist expanding what it means to paint
▼ + stars: | 2024-06-02 | by ( Suyin Haynes | ) edition.cnn.com time to read: +8 min

CNN —Both a source of inspiration and a place to ground herself, Harlem holds a special meaning for the artist Tschabalala Self. Tschabalala Self Paula Virta/Courtesy the artist/EMMA -- Espoo Museum of Modern ArtSelf’s own relationship with the concept of home has evolved in recent years. This conversation with the traditional western canon of painting is ongoing for Self, and influences other facets of her work. In thinking about the concept for “Lady in Blue,” Self considered the increased attention on monuments, particularly in recent years. But the commission also represents much more than the sculpture’s identity or physicality alone, added the artist.

Persons: Tschabalala, ”, Black, “, I’ve, —, Paula Virta, EMMA, Anthurium, ” Paula Virta, domesticity, it’s, Leon Neal, “ It’s, ” Tschabalala, EMMA – Organizations: CNN, Espoo Museum of Modern Art, Espoo Museum of Modern, MoMA, Hammer, Self, Saastamoinen, Museum of Modern Art Locations: Harlem, Manhattan, New York, Finland, ”, Espoo, New York City, Trafalgar, London, American

☆ An unofficial Lego event filled with 'empty space and piles of loose Lego' has been compared to the infamous Willy Wonka experience
▼ + stars: | 2024-05-31 | by ( Polly Thompson | ) www.businessinsider.com time to read: +1 min

Brick Fest Live was promoted as the "UK's biggest Lego festival." Instead, the "bleak" convention hall left fans feeling like they'd been conned. The event is being compared to the disastrous Willy Wonka experience that went viral for being so bad. AdvertisementBritish Lego fans were left feeling less than impressed last weekend after a convention dubbed the "UK's biggest Lego festival" turned out to be a "bleak" half-empty room. Brick Fest Live UK was held from May 25 to 27 in the British city of Birmingham.

Persons: Willy Wonka, — Organizations: Service, Fest, Business Locations: British, Birmingham

☆ Donn Delson on documenting the world from 12,000 feet
▼ + stars: | 2024-05-31 | by ( Leah Dolan | ) edition.cnn.com time to read: +5 min

London CNN —“This is not daredevil stuff,” says 75-year-old fine art photographer Donn Delson as we sit in a helicopter with no door, almost 2,000 feet above London. Donn DelsonDelson, who is based in Los Angeles, began his career as an aerial photographer almost a decade ago. On a trip flying 3,200 feet over Molokai, Hawaii, Delson was captured inside a rare double circular rainbow. Courtesy Donn DelsonEven if he returns empty-handed, Delson believes there is more to be gained from the experience than simply making new work. “The world from above, it’s just so different from the world we know,” said Delson.

Persons: ”, Donn Delson, Ben, Delson —, It’s, we’re, —, Donn Delson Delson, “ I’ve, ” Delson, BandMerch, Rihanna, Billy Joel, — Delson, Delson, Donn Delson “, “, “ I’m Organizations: London CNN, CNN Locations: London, Los Angeles, Japan, Molokai, Hawaii, New Zealand, ”, Delson, Israel

☆ Why Walmart, Walgreens, CVS retail health clinic experiment is struggling
▼ + stars: | 2024-05-28 | by ( Kevin Williams | ) www.cnbc.com time to read: +11 min

But the business experience in the retail health clinic space has largely disappointed. Walmart and the problem of volume vs. priceIn 2019, Walmart announced a bold initiative to open 4,000 in-store health clinics by 2029. "Primary health care is a low margin business," said Arielle Trzcinski, a principal analyst covering health care at research firm. "Compared to what they see in traditional retail, health care is a fundamentally different business," Trzcinski said, citing the challenges of navigating insurance companies and administrative burdens that health care brings. In-store health clinics can be profitable and viable, and retailers are experimenting with piecemeal approaches tailored to the local market.

Persons: Bobbi Radford, Radford, haven't, CVS's MinuteClinic, Karla Lemon, CVS's, I've, That's, Timothy Hoff, Hoff, didn't, Colleen Sanders, Sanders, Arielle Trzcinski, Forrester, Trzcinski, America Sanders, Virgil Brantz, Brantz Organizations: CVS, Walmart, Walgreens, Northeastern University, Insurance, Washington , D.C, Aetna, Retailers, Washington, Hartford HealthCare, Health Clinic, Arizona State University, Little Clinics, Kroger Locations: Batavia , Ohio, VillageMD, Southern California, New England, Conway , South Carolina, Washington ,, MinuteClinic, USA, America, Connecticut, Hartford, Phoenix, Atlanta, Little

☆ Amazon is winning the biggest dollar share of new retail spending — and by a lot
▼ + stars: | 2024-05-28 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

Amazon is winning the biggest dollar share of new retail spending — both online and brick-and-mortar — and it's not even close. AMZN YTD mountain AMZN stock performance year-to-date. Morgan Stanley said Walmart 's performance this year is "not too shabby" but a distant second to Amazon. Amazon has been benefitting from the consumer's continued shift to buying stuff online, a trend that should benefit AMZN stock. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: it's, Morgan Stanley, Zev Fima, Amazon's, We've, Jim Cramer's, Jim Cramer, Jim Organizations: Amazon, Walmart, Management, Deal, CNBC, Getty Locations: America

☆ 'Home Alone' house in Chicago suburbs hits the market
▼ + stars: | 2024-05-28 | by ( Rebecca Cohen | ) www.cnbc.com time to read: +1 min

"Home Alone" house, located at 671 Lincoln Avenue in Winnetka, Illinois is seen on December 1, 2021. Airbnb is offering a one-night-only rental of the iconic "Home Alone" house in Winnetka, Illinois. The famed home in the Chicago suburbs where Kevin McCallister was once left behind from a family trip to Paris went on sale this week, according to a Zillow listing for 671 Lincoln Ave. in Winnetka. It's on sale for the first time since 2012, when the current owners bought it for $1.58 million, according to the Zillow page. The house was also "fully renovated and expanded" in 2018, according to Zillow.

Persons: Airbnb, Kevin McCallister Organizations: Lincoln, High School, NBC Chicago Locations: Winnetka , Illinois, Chicago, Paris, Winnetka, New Trier

☆ I quit a 6-figure job to take my kitchen-table side hustle full time—it made $379,000 in sales in 2023
▼ + stars: | 2024-05-28 | by ( Teyoshe Smith | In | ) www.cnbc.com time to read: +5 min

Teyoshe Smith often made charcuterie spreads for family gatherings before she started a side hustle to sell her elaborate creations. "Crafting elaborate charcuterie spreads from exceptional ingredients became my idea of Southern comfort," Teyoshe says. Bite by Bite & Co.'s charcuterie spreads come in all sizes, from small boards to grazing tables several feet long. Since starting her business, Teyoshe has taught hundreds of people how to craft their own boards through charcuterie workshops she runs both virtually and in person. In 2023, the company brought in about $379,000 in sales, up from about $84,000 in 2022.

Persons: Teyoshe Smith, I've, pepperoni, Teyoshe, —, We've Organizations: Facebook, Capital Locations: Southern, Richmond , Virginia, America, Atlanta , Georgia, Virginia, Georgia

☆ Trump braces for final act of his historic criminal trial
▼ + stars: | 2024-05-28 | by ( Stephen Collinson | ) edition.cnn.com time to read: +10 min

CNN —Donald Trump’s first criminal trial has arrived at its dramatic final act with lawyers for both sides primed on Tuesday to hammer home their cases before jurors consider a verdict that could make history. They argued during the trial that there was no evidence of criminal intent. The trial has not gripped the attention of the country as it might have were television cameras allowed in the courtroom. And Trump used his multiple criminal indictments to his political advantage in clearing the Republican nominating field. The time off only seems to have escalated Trump’s fury as one of the defining weeks of his life dawns.

Persons: Donald Trump’s, Juan Merchan, Trump, president’s, Todd Blanche, Michael Cohen, CNN’s Kara Scannell, Joshua Steinglass, Blanche, Attorney Alvin Bragg, Stormy Daniels, Cohen, ”, Elliot Williams, “, ” Cohen, Jeremy Saland, you’d, Matthew Colangelo, Daniels, David Pecker, Hope Hicks, Joe Biden, Yorkers, Mike Johnson, Biden, he’s, Merchan, ” Trump, Jean Carroll Organizations: CNN, Manhattan, Attorney, Democrat, “ CNN, Trump, White House, Prosecutors, Justice Department, Republican Locations: New York

☆ Crypto.com's Exchange, Sponsorships, and Commercials, Explained
▼ + stars: | 2024-05-28 | by ( Emily Stewart | ) www.businessinsider.com time to read: +12 min

(That's not a knock on the company — for a lot of crypto exchanges, the Empire State is a tough nut to crack.) Crypto.com's primary business is its cryptocurrency exchange, which works as a middleman for people buying and selling crypto, but it also offers other products, including crypto Visa cards. To be sure, the casino thing could be said about most crypto exchanges — and sports-betting apps, and many regular trading apps. It's a good reminder that, whatever the company, it's better to use exchanges only for trading your crypto assets, not for storing them. Or maybe in five years we'll be looking back at this moment and saying: "Remember that one crypto company?

Persons: Eminem, Sam Bankman, Crypto.com doesn't, Jojo Siwa, it's, He'd, Nic Carter, Crypto.com, Kris Marszalek, Foris DAX Asia, It's, Matt Damon, Steven Kalifowitz, Bill Clinton, Tony Blair, FTX, hasn't, Marszalek, wasn't, Alex Gladstein, Emily Stewart Organizations: NBA, Los Angeles Lakers, It's, UFC, NASCAR, Lakers, Castle, Ventures, Staples Center, Miami Heat's, Binance's, Forbes, Financial Times, Securities and Exchange Commission, Bloomberg, PayPal, JPMorgan doesn't, Human Rights Foundation, Business Locations: New York, America, Singapore, Nigeria, Bulgaria, Monaco, Hong Kong, Polish, Los Angeles, Bahamas, Netherlands, Asia, Americas

☆ After losing his job 15 years ago, a single dad started flipping cellphones on eBay. He turned the hustle into a six-figure monthly reselling business and plans to retire at 40.
▼ + stars: | 2024-05-27 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +7 min

AdvertisementPivoting from reselling electronics to clothingWhile Richard was making enough reselling electronics to scrape by, "the cash flow was very tight." AdvertisementStill, he called his eBay store Technsports. "You have to put up great items with a great listing, and eBay and the customers will reward you." "I will always have an eBay store. He also plans to grow the YouTube channel he started in 2023 to help other people make money selling on eBay.

Persons: —, Richard S, Richard, I've, It's, Ralph Lauren, Gucci, I'm, Louis Vuitton, Richard's, Technsports, he's Organizations: Service, Circuit, Business, eBay, Craigslist, Sidekicks, Buffalo Bills, Salvation Army, Nike, Louis, BI Locations: Ft, Lauderdale, Coral Springs

☆ A ‘rebrand’ for Lilly Pulitzer takes the classic resort label back to its roots
▼ + stars: | 2024-05-27 | by ( Diana Pearl | ) edition.cnn.com time to read: +7 min

A new logo (and merchandising) for the resort brand Lilly Pulitzer aims to be both timely, and timeless. Pictured above, a Lilly Pulitzer store in Sarasota, Florida. But it maintains firm roots in Palm Beach. “Nothing is more rooted in a resort Americana aesthetic than Lilly Pulitzer,” said Robert Burke, chief executive of retail consultancy Robert Burke Associates. This year, in addition to the Badgley Mischka collaboration, it rolled out a team-up with Natalie’s Juice, selling bottles of orange juice featuring a custom Lilly Pulitzer sticker.

Persons: Lilly Pulitzer, —, Lilly, Lilly Pulitzer hasn’t, Donald Trump, John Greim, ”, Michelle Kelly, Badgley Mischka, ” Kelly, Lilly Pulitzer’s, Nili, Pulitzer, “ Lilly, Kelly, “ It’s, Jacqueline Kennedy Onassis, Wendy Vanderbilt, Tommy Bahama, Johnny Was, Robert Burke, “, Robin Kramer, Burke Organizations: The, Fashion, CNN, Target, Hill, Apple, Palm Beach, Pulitzer, Oxford Industries, Robert, Robert Burke Associates, Natalie’s Locations: New York’s, Palm Beach , Florida, Sarasota , Florida, Philadelphia, Palm Beach, Cranston , Rhode Island

☆ My husband and I live with my parents in our mid-30s, like many in Croatia. It's a lifesaver for working parents like us.
▼ + stars: | 2024-05-26 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +6 min

They live in a multi-story home with their children, Marlais' parents, and her brother and his family. AdvertisementI didn't know what to expect, but we loved it. Finally, my parents live in the attic. Diana Marlais, Bogdan Nicolae Dascalescu, and their child on the balcony of their apartment. Joshua Zitser/Business InsiderA lifesaver as working parentsDiana: If we didn't live with my parents, I don't know how I would go to work, walk the dogs, and do everything I do.

Persons: —, Diana Marlais, Bogdan Dascalescu, Marlais, Diana, Bogdan, Bodgan, Bogdan Nicolae Dascalescu, Joshua Zitser, They're, it's Organizations: Service, Business Locations: Croatia, Romania, Zagreb, Croatia's, Dubrovnik, Bogdan

☆ French Open Day 1 recap: Moutet magic, Osaka’s grit, vintage Gasquet
▼ + stars: | 2024-05-26 | by ( James Hansen | ) www.nytimes.com time to read: +6 min

Match of the day: Corentin Moutet vs Nicolas JarryOne normal day of Corentin Moutet, that’s all we ask. 🇬🇧 Andy Murray, 6-4, 6-4, 6-2🇬🇧 Andy Murray, 6-4, 6-4, 6-2 🇺🇦 Marta Kostyuk (18) def. 🇺🇸 JJ Wolf, 6-1, 6-2, 6-1🇺🇸 JJ Wolf, 6-1, 6-2, 6-1 🇺🇦 Dayana Yastremska (30) def. 🇨🇱 Alejandro Tabilo, 3-6, 7-6(5), 6-2, 6-2🇨🇱 Alejandro Tabilo, 3-6, 7-6(5), 6-2, 6-2 🇱🇻 Jelena Ostapenko (9) def. 🇷🇴 Jaqueline Cristian, 6-4, 7-5🇷🇴 Jaqueline Cristian, 6-4, 7-5 🇫🇷 Richard Gasquet def.

Persons: Roland Garros, Mathieu, Nicolas Jarry, Corentin, Jerry Shang, Mathieu —, Chilean Nicolas Jarry, Moutet, Dimitar Dilkoff, Jarry, He’s, he’s, Daniel Altmaier’s, Laslo, Altmaier, topsy turvy, Lucia Bronzetti, Naomi Osaka, Lucia Bronzetti’s, Philippe, Chatrier, Bronzetti, Frey, Kei Nishikori, Gabriel Diallo, Diallo, Nishikori, Novak Djokovic, Dan Istitene, Barbora, Golubic, Richard Gasquet, Andy Murr, goss, 6-3,, 7-5, 🇷 Rich, vs 🇺🇸, Philipp e, (15) Ben S helton Organizations: Jarry, Getty, Lucia, Osaka Locations: Madrid, Chilean, Santiago, Paris, AFP, Osaka, Bor

☆ The iconic 'Home Alone' house is back on the market. Take a look at the $5.25 million listing.
▼ + stars: | 2024-05-26 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +1 min

The owners of the red-brick Georgian Colonial home are asking for $5.25 million. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Now, fans can purchase the red-brick Georgian Colonial home for a pretty penny. The owners are asking for $5.25 million, per a Zillow listing of the house.

Persons: Macaulay Culkin, —, Kevin McCallister Organizations: Service, Street Journal, Realtors, Business Locations: Georgian

☆ Zhongnanhai: The scenic garden that became China’s secretive seat of power
▼ + stars: | 2024-05-25 | by ( Jonathan Chatwin | ) edition.cnn.com time to read: +18 min

As the seat of power, Zhongnanhai is often thought of as China’s equivalent to the White House, or the Kremlin. Architectural changesThere have been serious revisions to the architecture of Zhongnanhai since the end of imperial rule in 1912. Having re-established Zhongnanhai as a center of political power in the new China, Mao set about rebuilding the compound according to his tastes. “It was here,” noted Aldrich, “with the background trappings of a scholar, that he met Nixon and Kissinger in 1972.”Most subsequent leaders have preferred to keep a house outside the Zhongnanhai compound. However, the compound hasn’t always been so forbidden for the masses following the collapse of China’s imperial dynasty.

Persons: Jonathan Chatwin, “, Deng Xiaoping, Leung Chun, Xi Jinping, Simon Song, Xi Jinping’s, Ming, Geremie Barmé, Qianlong, Feng Li, ” Linda Jaivin, ”, Dowager Cixi, Zhongnanhai, Cixi, Dowager, M, Aldrich, Mao Zedong, ” Aldrich, China’s, Yuan Shikai, Yuan Shikai ‘, William Lewisohn, Xinhuamen, William Cooper, —, Qianlong Emperor, Yuan, Invincible Mao, — Mao, Kangxi, Mao, Zhou Enlai, Chen Yi, Zhang Wentian, Nikita Khrushchev, Khrushchev, Nixon, Kissinger, Hu Jintao, Jiang Zemin, Newscom Aldrich, Mao’s, Li Zhisui, Xi, Chicago's Walter, Hu Yaobang, Gong, “ Heck Organizations: CNN, Bell, Communist Party, CCP, White, Hong, China Morning, University of Bristol Library, Great Communist Party of China, ”, Shuangqing Villa, Alamy, State Council, China’s Politburo, Huairen, Chicago's Walter Payton College Preparatory, New York Times, Zhongnanhai, Bloomberg Locations: Modern China, Prospect, Tiananmen, Hong Kong, Zhongnanhai, City, China, Beijing, “, People’s Republic, New China, Arlington, Peking, Xinjiang, Russian, Beihai, Beijing’s, Huairen, Qinzheng Hall

☆ Two CVS retail stores in Rhode Island join new national pharmacy union
▼ + stars: | 2024-05-24 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +3 min

The CVS pharmacy logo is displayed on a sign above a CVS Health Corp. store in Las Vegas, Nevada on Feb. 7, 2024. Pharmacy staff at two CVS retail stores in Rhode Island voted to join a new national pharmacy union on Friday, signaling growing momentum in a movement to help thousands of U.S. pharmacy workers address what they allege are unsafe working conditions. It comes a month after a CVS Omnicare pharmacy in Las Vegas — which is not customer facing — became the first location to join the union, known as The Pharmacy Guild. "These are the first brick-and-mortar classic CVS model" stores to join the union, Shane Jerominski, a community pharmacist and co-founder of The Pharmacy Guild, told CNBC. Many employees said the Covid-19 pandemic only exacerbated those issues, with new duties such as vaccinations and testing stretching pharmacy staff even thinner.

Persons: —, Shane Jerominski, Jerominski Organizations: CVS Health Corp, Pharmacy, Westerly, CVS, CNBC, Walgreens, National Labor Relations, IAM Healthcare, Rite Aid Locations: Las Vegas , Nevada, Rhode, Wakefield, Las Vegas, U.S

☆ Moderna and this solar name are among the most overbought stocks after a record-setting week
▼ + stars: | 2024-05-24 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

It may be time for investors to trim positions in overbought names after the stock market reached record levels this week. Certain stocks this week became overbought, based on their 14-day relative strength index, or RSI. Here are the most overbought names in the S & P 500 this week: Moderna was the most overbought stock in the S & P 500, scoring an RSI of about 86.5. Analysts think shares, which have rallied about 28% this year, could peel back roughly 8%. Other oversold stocks include SLB , J.B. Hunt and Molson Coors .

Persons: LSEG, Jon Windham, Johnson, Ulta, Hunt Organizations: Dow Jones Industrial, Nasdaq, Nvidia, Moderna, UBS, Johnson Controls, Bloomberg, Elliott Investment Management, Johnson, Barclays, Deutsche Bank, Jefferies, Molson Coors Locations: U.S, oversold, J.B

☆ Opinion | Western Europe Is Starting to Send a Vital Warning to Israel
▼ + stars: | 2024-05-22 | by ( Thomas L. Friedman | ) www.nytimes.com time to read: +1 min

More than 140 countries and the Holy See have recognized the right of Palestinians to have a state in the West Bank, Gaza and East Jerusalem. What is noteworthy about this latest move, though, is that major Western European countries, and the United States, had resisted going there, arguing that peace should be worked out between the two parties. My focus is always on the practical: Will these recognitions of a nonexistent Palestinian state with undefined borders lead to the only sustainable solution — a real-life peace between two states for two indigenous communities — Jews and Palestinians? The answer is yes and no. In the short term, these diplomatic recognitions from fellow democracies will not move the Israeli public, Yohanan Plesner, president of the Israel Democracy Institute, told me.

Persons: Yohanan Plesner, ”, “ Organizations: West, Israel Democracy Institute Locations: Spain, Norway, Ireland, Gaza, West Bank, East Jerusalem, United States, Israel

☆ China’s 618 shopping festival begins with biggest-ever Apple price cuts and a boycott
▼ + stars: | 2024-05-22 | by ( Laura He | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —Apple is offering unprecedented price cuts in China as big brands and retailers launch promotions for the annual “618” shopping festival in the face of sluggish consumer demand. The JD.com Inc. headquarters during a ceremony marking company's 20th anniversary and 618 shopping event in Beijing, China, on Sunday, June 18, 2023. The 618 shopping festival, a key barometer of consumption in the country, has seen growing competition by e-commerce sites and retailing brands to offer discounts. One statement, issued by 10 publishing houses in Beijing, said the boycott was a necessary move to “maintain the stability and prosperity” of the book publishing market. Even major state-owned publishing companies voiced opposition to “chaotic” price wars.

Persons: Apple, Alibaba —, Alibaba, Rihanna, iPads, ”, Jefferies Organizations: Hong Kong CNN, Apple, Huawei, Vivo, JD.com, Inc, Bloomberg, Getty, Counterpoint Research, Xiaomi, Shanghai Century Publishing Locations: Hong Kong, China, Shanghai, Beijing

☆ AI demand will push the power grid to the brink. Morgan Stanley says these stocks could benefit
▼ + stars: | 2024-05-21 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Companies that manufacture small, quickly deployable natural gas turbines and generators are poised to benefit as surging electricity demand from data centers creates major delays in adding new capacity to the power grid, according to Morgan Stanley. "We believe this greater appreciation for the current grid connectivity challenges will heighten investor interest in/focus on emerging 'time to power' solutions," the analysts told clients. Power projects waiting for connection to the Lone Star state's grid have surged from 17 gigawatts to about 40 gigawatts in less than two years, according to the analysts. There is also an extensive wait time for diesel-powered, backup generators for new data center projects, according to Morgan Stanley. Companies such as Cummins and Caterpillar are also poised to benefit because they manufacture natural gas-powered generators that provide backup power onsite, according to Morgan Stanley.

Persons: Morgan Stanley, Cummins Organizations: Lone Star, GE Vernova, Siemens Energy, Cummins, Caterpillar, GE Locations: U.S, Texas

☆ Election Updates: Rubio, a Trump V.P. Contender, won’t commit to certifying 2024 election results.
▼ + stars: | 2024-05-19 | by ( Maggie Astor | ) www.nytimes.com time to read: +7 min

Mr. Trump addressed the group as he is on trial in Manhattan on criminal charges that he falsified business records related to a hush-money payment to a porn star. Gun safety groups hung up T-shirts with the names of people killed by gun violence in Dallas County. At the N.R.A.’s meeting, Mr. Trump, whose campaign fund-raising has lagged in Texas, urged gun owners to head to the polls to help deliver him the election. She also criticized Mr. Trump for saying, “We have to get over it” after a shooting in Iowa this year that killed a sixth grader. Mr. Trump “is catering to the gun lobby and threatening to make the crisis worse if re-elected,” Ms. Harris said.

Persons: Donald J, Trump, Biden, ”, Mr, “, Greg Abbott, John Cornyn, you’ve, Andrew Arulanandam, Abbott, Biden’s, ” “ Donald Trump, Joe Biden, ” Mr, N.R.A, ” Ana, Maria Ramos, Jill Brown, Louis, —, Robert F, Kennedy Jr, Trump’s, Kamala Harris, ” Ms, Harris Organizations: National Rifle Association, Biden, “, Alcohol, Tobacco, Firearms, Explosives, Texas Democrats, Dallas City Hall, City Hall Plaza, Associated Press, Allen, Outlets, Republican, Trump coalition, Las, Supreme Locations: Dallas, Manhattan, Houston, Uvalde , Texas, Texas, Dallas County, United States, Pennsylvania, Las Vegas, Parkland, Fla, Iowa

☆ GameStop shares fall 20% after it files to sell additional stock, says first quarter sales dropped
▼ + stars: | 2024-05-17 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

GameStop shares tumbled more than 20% premarket Friday after the video game retailer said it plans to sell additional shares and reported preliminary results that showed a drop in first-quarter sales. In a new regulatory filing, the video game retailer said it will sell up to 45 million class A common shares in an at-the-market offering. The sale comes after GameStop shares surged earlier this week in a brief revival of the meme stock trade. Meanwhile, in a separate statement, GameStop said it now expects net first-quarter sales in the range of $872 million to $892 million, down from around $1.24 billion in the same quarter last year. GameStop's first-quarter net loss is expected to be between $27 million and $37 million, narrower than a net loss of $50.5 million in the year-earlier period.

Persons: FactSet, GameStop's, Keith Gill Organizations: GameStop

☆ More and more stocks are joining the market's rally to new highs. Here's why and when to buy
▼ + stars: | 2024-05-17 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

The S & P 500 on Wednesday closed above 5,300 for the first time ever. The last time the S & P 500 Short Range Oscillator was this overbought was back in December. The upswing picked up after the S & P 500's most recent bottom on April 19 and pushed to this week's records. .SPX 1Y mountain S & P 500 - 1 year There is no telling whether the current overbought market will follow a similar pattern. Perhaps more telling, four of the bottom six sectors saw earnings estimates revised higher since the end of the first quarter.

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