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☆ Meta Platforms gets billions from China without headaches many U.S. companies face there
▼ + stars: | 2024-04-22 | by ( Paulina Likos | ) www.cnbc.com time to read: +9 min

As many American companies struggle to navigate the world's second-largest economy, Meta Platforms has found itself raking in billions of dollars from China without the direct challenges of doing business there. The influx in spending from Chinese ecommerce advertisers has been a "significant positive" for Meta, said Rohit Kulkarni, analyst at Roth MKM covering internet companies. Many American companies doing business in China have battled similar challenges as the post-Covid recovery there has progressed slower than expected. Meta has said it has a "diverse advertiser base" of Chinese companies. The concern is that as more Chinese advertisers target American consumers through Meta's platforms, that could drive up the price of ads for everyone.

Persons: Temu, Rohit Kulkarni, Roth, Meta's, Piper Sandler, Tom Champion, Estee Lauder, Meta, Susan Li, Shein, Kate Scott, Dawkins, —, Roth's Kulkarni, Piper Sandler's, they're, Josh Silverman, we're, Piper, doesn't, Jim Cramer's, Jim Cramer, Jim, Facebook Mark Zuckerberg, Kenzo Tribouillard Organizations: Club, Super, U.S, Meta, Apple, Facebook, Tencent, Holdings, Nasdaq, CNBC, Wall Street, Google, European Commission, AFP, Getty Locations: China, Ireland, Shanghai, Singapore, U.S, Meta, Brussels

If you had the opportunity to hear activist investor Nelson Peltz, the defeated candidate for the Disney board, you did not get a definitive answer, as much as I pressed. In my CNBC interview with Peltz on Thursday, he assured us that he would be back if Iger didn't deliver on his promises. Iger talked about the board's succession committee, which former Morgan Stanley CEO James Gorman and now Disney board member, is on. They're confident that they'll pick the right person at the right time," Iger said on CNBC . I most feared the blowout in Disney stock in a fit of pique and right now I am not seeing that.

Persons: Walt Disney, Nelson Peltz, Peltz, Bob Iger, Iger, Bob, they'll, Jim, weren't, Iger's, Bob Chapek, Disney, Morgan Stanley, James Gorman, Chapek, Ike Perlmutter, it's, It's, Jim Cramer's, Jim Cramer, Joe Raedle Organizations: Walt, Disney, CNBC, Iger, Marvel Entertainment, ESPN, Fox, Warner Bros ., Club, Apple, Walt Disney World, Getty Locations: Orlando , Florida

☆ An $88 billion auto giant laid off 400 workers remotely in a move likened to ending a marriage by video call
▼ + stars: | 2024-03-29 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +5 min

The move by Stellantis, worth $88 billion, has sparked fresh discussions on the etiquette around how to execute layoffs. AdvertisementExperts say that virtual and remote-style layoffs aren't the best solution — it shows a lack of empathy and consideration for the workers affected and might push remaining workers to leave. AdvertisementWhen employees feel the "psychological contract" between themselves and their employers is "violated," they may resort to extreme reactions, Jones said. This could also hurt the morale of remaining employees and increase attrition, according to Boodoo. "Research suggests that following a layoff, there's an increase in voluntary turnover among remaining employees.

Persons: —, Elon Musk, they'd, Ben Hardy, Amanda Jones, it's, Jones, Muhammad Umar Boodoo, weren't Organizations: Service, Dodge, Wall Street Journal, CNBC, Business, Google, Twitter, Employers, London Business School, King's College London, Warwick Business School, Employees

☆ Fidji Simo, Instacart
▼ + stars: | 2024-02-28 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +3 min

Starting last year, profitability became a more consistent story for the largest online grocery marketplace in North America, with millions of monthly active orderers and Instacart+ members. The company says it has now delivered over one billion orders across its 85,000-store network encompassing 1,500 retail partners. "There were a lot of questions about whether Instacart would be just another pandemic fad," CEO Fidji Simo told CNBC . Simo, who took the top role at the company in 2021 and launched the Instacart Health delivery service in 2022, has made health care a personal passion. "Patients often go through years-long diagnostic odysseys, bouncing around from specialist to specialist with no one looking at the whole picture," Simo wrote on her LinkedIn.

Persons: Fidji Simo, Instacart, NBCUniversal's Peacock, Simo Organizations: Google, CNBC, Kroger, Costco, Amazon Prime, Paramount, Metrodora Institute Locations: North America

☆ Here are the reasons why a new Wall Street upgrade of Apple is juicing the stock so much
▼ + stars: | 2024-01-18 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Apple got an upgrade from Bank of America, which took its rating on the stock to a buy from neutral. 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, Dow, UnitedHealth, Jim, Nelson Peltz, Disney, that's, Bob Iger, Ike Perlmutter, Peltz, Jim Cramer's Organizations: CNBC, Nasdaq, Dow, Humana, Apple, Bank of America, Disney, Marvel Entertainment Locations: Bank

☆ Buy these stocks with high dividend growth and free cash flow yield, Wolfe says
▼ + stars: | 2023-12-04 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

The best long-term dividend growth strategy is to buy stocks that offer a combination of high dividend growth and high free cash flow yield, the strategist said. Here are 10 names that Wolfe likes for their high dividend growth and free cash flow yields. NXP Semiconductors, for instance, has a 2% dividend yield and last 12 months dividend growth of 32%. It has a 6% estimated free cash flow yield for 2024. Meanwhile, Qualcomm has a 6% estimated free cash flow yield for 2024 and 9% last 12 months dividend growth.

Persons: Chris Senyek, Wolfe, Karen Lynch, Kroger, — CNBC's Michael Bloom Organizations: Wolfe Research, CVS, CNBC, NXP Semiconductors, Skyworks Solutions, Qualcomm Locations: U.S

☆ JPMorgan's Jamie Dimon says he isn't afraid of China, but would leave if the US government told him to
▼ + stars: | 2023-11-30 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

JP Morgan boss Jamie Dimon said at NYT's Dealbook conference the bank would leave China if ordered to. AdvertisementJamie Dimon says he's not "afraid" of China — but that JP Morgan would leave if the US government told it to. "If the American government makes me leave China, I'm leaving China. Tensions between China and Taiwan, which China regards as a breakaway province, have been growing . That poses a challenge to firms like JP Morgan, which has been active in China for a century and has expanded its presence there in recent years.

Persons: Morgan, Jamie Dimon, Dimon, —, he's, JP Morgan, Biden, I'm Organizations: CNBC, Service, The New York Times, Business Locations: China, Taiwan, I'm

☆ 6 longevity tips Charlie Munger believed in for a long and happy life
▼ + stars: | 2023-11-29 | by ( Kate Hull | ) www.businessinsider.com time to read: +4 min

Berkshire Hathaway vice chairman Charlie Munger has died at 99. Munger was known for his pragmatic life advice, including tips for longevity. AdvertisementCharlie Munger, vice chairman of Berkshire Hathaway and right-hand man to Warren Buffett, died Tuesday. To remain cheerful, Munger said that it's key to let go of negative emotions. Buffett also credited Munger with the success of Berkshire Hathaway, saying it was "built to Charlie's blueprint."

Persons: Charlie Munger, Munger, —, Berkshire Hathaway, Warren Buffett, Forbes —, Still, Warren Buffet, Buffett, Candy Organizations: Berkshire Hathaway, Service, Berkshire, CNBC, Harvard, Daily Locations: Omaha, Munger munched

☆ Elon Musk's X is 'profiting off violent content' by Hamas, House Democrats allege
▼ + stars: | 2023-11-21 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +4 min

In addition to the records, the House Democrats asked Yaccarino and Musk to detail how X plans to address Hamas-related content currently on the platform. The already "inexcusable" issue of antisemitic content on X, they wrote, had become "outright indefensible" since the deadly Oct. 7 terror attack in Israel by Hamas militants. More than two dozen House Democrats on Tuesday accused Elon Musk 's X of "profiting off violent content by a terrorist organization" and demanded that he and CEO Linda Yaccarino address Hamas -related content on the social media platform . "You have said the actual truth," Musk wrote last Wednesday in response to that post. Instead, the Democrats highlighted numerous X accounts that have reportedly been "spreading Hamas terrorist propaganda videos glorifying barbaric acts of violence against Israelis."

Persons: Yaccarino, Dan Goldman, Jamie Raskin, Elon Musk, Linda Yaccarino, Musk, Adolf Hitler, Angelo Carusone, Goldman, Raskin Organizations: Democrats, Hamas, Reps, Maryland, CNBC, Disney, Comcast, Wall Street, Washington, Media, America, Reich, Tech, Accountability, Strategic, X's Locations: Israel, U.S, New York

☆ Ford pauses a $12 billion EV investment, after saying electric vehicles are too expensive
▼ + stars: | 2023-10-27 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Ford has postponed $12 billion in spending on EV manufacturing capacity. The company has warned that electric vehicles are too expensive and that demand is slowing. AdvertisementAdvertisementFord has halted billions of dollars in investment in EV manufacturing, warning that customers will not pay a premium for these vehicles. AdvertisementAdvertisementThe company stressed that it is still committed to spending on future EV models, however. "Electric vehicles are expensive," he said.

Persons: Ford, —, John Lawler, Lawler, Toshihiro Mibe, General Motors, Bill Ford Organizations: Service, EV, CNBC, Honda, Bloomberg, General, The New York Times Locations: Kentucky

☆ Eight big U.S. bank CEOs to face Senate Banking Committee grilling in December
▼ + stars: | 2023-09-29 | by ( Emily Wilkins | ) www.cnbc.com time to read: +2 min

The meeting is the third time that Banking Committee Chair Sherrod Brown , D-Ohio, will hold an oversight hearing with the heads of the nation's biggest banks. Eight CEOs of the largest U.S. banks will face questioning at a Senate Banking Committee hearing in December, according to an announcement obtained by CNBC . "Part of that commitment is to hear directly from the biggest banks that hold too much power in the economy," he said. Brown and other Banking Committee members have ramped up oversight efforts in 2023, particularly regarding three banks that failed earlier in the year, Silicon Valley Bank, Signature Bank and First Republic. The failure of First Republic in May was the biggest bank failure in the United States since the 2008 financial crisis.

Persons: Sherrod Brown, Janet Yellen, Powell, Brown, Chuck Schumer Organizations: Federal, Banking, Housing, Urban Affairs, CNBC, Silicon Valley Bank, Signature Bank, First, Republic, JPMorgan, Federal Deposit Insurance Corp Locations: Hart, Washington , DC, Ohio, First Republic, United States

☆ Vladimir Putin called Elon Musk 'outstanding' and 'talented' just days after he admitted denying Ukraine's Starlink request in Crimea
▼ + stars: | 2023-09-13 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Vladimir Putin raved about Elon Musk at an event on Tuesday, calling him an "outstanding person." Musk denied a Ukrainian request for Starlink access in Crimea, thwarting a drone attack on Russia. "As far as private business and Elon Musk is concerned, he is undoubtedly an outstanding person," Putin said, per the Reuters translation. "If I had agreed to their request, then SpaceX would be explicitly complicit in a major act of war and conflict escalation," Musk tweeted on September 7. There was an emergency request from government authorities to activate Starlink all the way to Sevastopol.

Persons: Vladimir Putin raved, Elon Musk, Musk, Walter Isaacson's, Vladimir Putin, Putin, … — Elon, Russia's Organizations: Elon, Service, Eastern Economic, SpaceX, Reuters, Russian, CNBC, NASA, International Space Locations: Crimea, Russia, Wall, Silicon, Vladivostok, American, Ukrainian, Sevastopol, India, Moscow

☆ Elon Musk spent Christmas Eve moving servers at one of X's data centers in Sacramento, in an example of his 'recklessness' and 'impatience,' biographer says
▼ + stars: | 2023-09-12 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +4 min

Elon Musk spent Christmas Eve moving X's data servers from one facility to another. The facility was a major cost for X, according to Musk's new biography penned by Walter Isaacson. The next day, Christmas Eve, Musk called in reinforcements including friends from Tesla, SpaceX, and The Boring Company to procure equipment and tools needed to move the servers. Musk later admitted the "whole Sacramento shutdown was a mistake," after the lack of servers caused a whole host of issues. Isaacson wrote that Musk's Sacramento incident was "an example of his recklessness, his impatience with pushback, and the way he intimidated people."

Persons: Elon Musk, Walter Isaacson, Isaacson, Elon, X —, Musk, —, H, James, Andrew Musk, Austin, Alex, Steve Davis, Ron Desantis, pushback Organizations: Service, CNBC, Twitter, NTT —, SpaceX, The, Company, Boring Company Locations: Wall, Silicon, Sacramento, Portland , Oregon, Portland, San Francisco, Uzbekistan

☆ Goldman Sachs shares rise Friday as CEO addresses investor concerns. Here's what the pros say
▼ + stars: | 2023-09-08 | by ( Joshua Natoli | ) www.cnbc.com time to read: 1 min

Market Movers rounded up the latest reactions on Goldman Sachs from investors and analysts. The pros, including Jim Cramer , discussed the investment bank after CEO David Solomon addressed Wall Street's concerns about his company in an interview with CNBC . He responded to recent negative news reports on his leadership style at the firm. Goldman's CEO also said he remains optimistic for capital market performance with a slew of tech initial public offerings looming. The stock ended Friday with a 1.1% gain, but it's down more than 5% for the year.

Persons: Goldman Sachs, Jim Cramer, David Solomon, Wall Organizations: CNBC

☆ How more than a trillion dollars in U.S. government infrastructure spending can boost these 3 industrial stocks
▼ + stars: | 2023-08-11 | by ( Morgan Chittum | ) www.cnbc.com time to read: +8 min

The U.S. government is deploying trillions of dollars of stimulus money into infrastructure investments, boosting the prospects for a number of industrials in the Club portfolio. Club names Honeywell (HON) and Emerson Electric (EMR) might also grab some of the IRA's funding for green energy. Gains were linked to a boost in demand for construction equipment because of the "once in a generation" Infrastructure bill. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. The White House's infrastructure plan estimates to set aside approximately $35 billion for Texas projects.

Persons: Joe Biden, Emerson, Morgan Stanley, Economist Ellen Zentner, Zentner, Larry Fink, Jim Umpleby, Jim Cramer, Josh Pokrzywinski, Jim Cramer's, Jim, Brandon Bell Organizations: Club, Infrastructure Investment, Jobs, Act, Caterpillar, Honeywell, Emerson Electric, Morgan Stanley Chief, Economist, CNBC, CAT, Inflation, Bank of America, National, Software, Control, Getty Locations: U.S, North America, Houston , Texas, Texas

☆ Elon Musk's quest for an irresistible price could spell trouble for Tesla and its stock
▼ + stars: | 2023-05-21 | by ( Brian Evans | ) www.cnbc.com time to read: +11 min

Its goal has been to coax consumers to make the leap to its brand with the lower prices. Finding an 'irresistible' price Tesla's price cuts are an effort to take advantage of that growing market. "We have written extensively on the drag EVs have on margins for legacy [original equipment manufacturers] and the impact of EV price deflation. She added that the price cuts are an effort for Tesla to retain market dominance and stave off competition from big competitors like Ford. Longer term, Tesla's price fluctuations could do more harm than good if they end up turning consumers off.

☆ Salesforce, Caterpillar and Disney are in the news. Here's our take on the headlines
▼ + stars: | 2023-03-27 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +7 min

Meanwhile, analysts who cover Caterpillar (CAT) put out fresh research that cuts against our own thinking, and layoffs will soon begin at Disney (DIS). The Salesforce co-founder echoed the we-can-learn-from-everybody philosophy he laid out on March 1 in an interview with Jim Cramer. Salesforce shares, which rose modestly Monday, has surged more than 44% this year, the third-best performing Club stock behind Nvidia (NVDA) and Meta Platforms (META). Baird turns bearish on CAT CAT 1Y mountain Caterpillar's 12-month stock performance. "It's very hard to get in and out of CAT," Jim said Monday.

☆ This is the best buying opportunity in retail banks in years, Baird says
▼ + stars: | 2023-03-14 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

The rout in regional banks has resulted in one of the best buying opportunities in "many years," according to Baird. KRE 5D mountain KRE's five-day performance Regional bank stocks nosedived after the failure of Silicon Valley Bank, even after U.S. regulators backstopped all depositors in the banks. George noted that while liquidity movement is generally hard to predict, the average retail or corporate customer of most regional banks is not at all similar to those at SVB. Among his coverage universe, he has overweight ratings on 11 regional bank stocks. But even after Moody's comments, bank stocks were still recovering some lost ground on Tuesday, including Fifth Third Bancorp shares, which rose nearly 3%.

☆ Jim Cramer's top 10 things to watch in the market Friday: More selling, Estee Lauder, Meta Platforms
▼ + stars: | 2022-12-16 | by ( Jim Cramer | ) www.cnbc.com time to read: +3 min

Atlantic Equities expects growth at Club holding Estee Lauder (EL) to reaccelerate as China relaxes Covid restrictions. JPMorgan names AbbVie (ABBV) and Club holding Eli Lilly (LLY) as best in class and top picks in biopharma for 2023. Club holding Apple (AAPL) named a top tech pick at Evercore ISI. Barclays raises price target on General Electric (GE) to $96 per share from $92 ahead of the health-care spin-off. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ New & Notable: Latest releases from Our Place and Breville
▼ + stars: | 2022-10-01 | by ( Christina Colizza | Christina Colizza Is An Editor For Select On Nbc News. | ) www.nbcnews.com time to read: +7 min

This story is part of Select's New & Notable column, where we highlight our favorite product launches, major sales, what we're buying and some of our latest recommendations and advice. New this weekOur Place, the creator of the much-loved Always Pan, is expanding its kitchenware offerings to include a new ceramic tableware set. If you’re a small-apartment dweller, or just a tiny-kitchen owner, Caraway’s new mini cookware set could be for you. Christina ColizzaI didn’t technically buy the Ooni Koda pizza oven for myself, but I plan to benefit from it. But they have been a godsend: [The lids] click into place so easily, and a single lemon lasts me weeks now.

☆ Insulele Maldive ar putea dispărea până la sfârșitul secolului
▼ + stars: | 2021-05-19 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

Insulele Maldive ar putea dispărea până la sfârșitul secolului, dacă lumea nu va acționa rapid și coordonat pentru a combate schimbările climatice. „Schimbările climatice sunt reale și suntem cea mai vulnerabilă țară din lume”, a spus Aminath Shauna. „Nu există un teren mai înalt pentru noi... suntem doar noi, sunt doar insulele noastre și marea,” a adăugat ministrul. Forumul Economic Mondial estimează că aproximativ 80% dintre oameni vor fi afectați de schimbările climatice până în anul 2050. Viitorul țării noastre, al poporului nostru și al culturii noastre, toate depind de acțiunile noastre de astăzi”, avertizează Aminath Shauna.

Locations: Insulele Maldive

Singapore a controlat focarele apărute și, într-un moment în care majoritatea țărilor din lume înăspresc restricțiile, Singapore ia măsuri opuse, a declarat economistul șef ASEAN, pentru CNBC . Singapore a intrat săptămâna aceasta în cea de-a treia fază a redeschiderii sale și permite acum adunări de opt persoane, față de cinci. Țara a fost prima din Asia care a primit un transport de vaccinuri Pfizer-BioNTech pe 21 decembrie 2020. Țara a fost văzută ca un hub alternativ de producție pentru companiile care doresc să se mute din China. "Este foarte puțin probabil să vedem o parte semnificativă a populației vaccinate în 2021", a spus Joseph Incalcaterra.

Persons: Joseph Incalcaterra, Incalcaterra, Premierul Lee Hsien Loong, Incalcaterra HSBC Locations: Asia de Sud - Est, Singapore, Asia, Vietnam, China

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