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Liberty Media announced Wednesday that it's spinning off most assets besides Formula One auto racing into a separate publicly traded company, called Liberty Live, and that CEO Greg Maffei is stepping down at year-end. After the split, Liberty Media will hold Formula One, which Liberty acquired in 2016 and later spun out as a tracking stock, and MotoGP, upon the closing of that transaction. The Liberty Media and Liberty Live split is expected to be completed in the second half of 2025, and the sale of Liberty Broadband to Charter is projected to be completed in mid-2027. "Following today's announcements at Liberty Media and Liberty Broadband, all the Liberty acquisitions completed during my tenure are now in structures where shareholders can have more direct ownership in their upside," Maffei said in a separate release. He's chairman of the board of Liberty Media, Liberty Broadband and Liberty Global.

Persons: Greg Maffei, John Malone, Malone, Chris Marangi, it's, It's, Quint, Maffei, He's, Discovery — Organizations: Liberty Media, Formula, Liberty, Liberty Media . Liberty, Gabelli, MotoGP, Live Nation Entertainment, Communications, Liberty Broadband, Liberty Live Group, Charter, Warner Bros, Discovery, Liberty Global, TCI, AT Locations: Manhattan, Liberty

☆ Stocks making the biggest moves midday: Warner Bros. Discovery, AppLovin, Wolfspeed, Lyft and more
▼ + stars: | 2024-11-07 | by ( Pia Singh | In | ) www.cnbc.com time to read: +4 min

The stock had popped 5.9% on Wednesday after the Republican was elected the 47th president of the U.S. Warner Bros. Lyft expects current-quarter bookings to come in between $4.28 billion to $4.35 billion, topping a FactSet consensus of $4.23 billion. Wolfspeed posted revenue of $195 million for the first fiscal quarter, missing the LSEG consensus forecast by $5 million. Arm posted adjusted earnings per share of 30 cents on revenue of $844 million for the second quarter. AppLovin also guided its fourth-quarter EBITDA of $740 million to $760 million, higher than the $667 million StreetAccount forecast.

Persons: LSEG, Donald Trump's, Armour, —, Lyft, Wolfspeed, AppLovin, Zillow, Alex Harring, Sean Conlon, Hakyung Kim, Yun Li, Lisa Kailai Han Organizations: Bros, Dutch Bros, Trump Media & Technology, Republican, U.S, Warner Bros, —, Discovery, FactSet . Arm Holdings, LSEG, Gilead Sciences Locations: Gilead

☆ A couple renovating their new home found a body in the attic, reviving a 15-year-old mystery
▼ + stars: | 2024-11-05 | by ( Joshua Nelken-Zitser | Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

A couple in France found human remains in their attic during home renovations. The bones likely belong to a former owner who went missing 15 years ago, a local prosecutor said. AdvertisementA couple were doing work on their recently purchased property in northeastern France when they made a chilling discovery — human remains in the attic. The property owners weren't named. AdvertisementHowever, Glady told AFP that the skeleton "very likely" belonged to the former homeowner, who disappeared in 2009 when he was 81.

Persons: —, Olivier Glady, Glady, Randall Bell, Experian, Benoit Vautrin, Républicain Lorrain, Aloïs Iffly Organizations: Service, Business, AFP, Landmark Research, Strasbourg Institute, Forensic Medicine, Local Locations: France, Erstroff

☆ Chris Brown’s history of violence revisited in new documentary
▼ + stars: | 2024-10-28 | by ( Elizabeth Wagmeister | Dan Heching | ) edition.cnn.com time to read: +10 min

CNN —Chris Brown’s history of violence is back in the spotlight with a new documentary focusing on years-old accusations against the singer, including his 2009 assault of Rihanna. The report prompted a police investigation that could have threatened Brown’s probation, but no charge was ever filed. In July 2013, Brown’s probation was revoked after he was accused of hit-and-run driving and driving without a license. It is produced with the global domestic violence initiative, No More, and is airing as part of the network’s “No Excuse for Abuse” campaign and commitment to domestic violence survivors. Editor’s Note: If you or someone you know is struggling with intimate partner violence, there are resources available, including the National Domestic Violence Hotline.

Persons: Chris Brown’s, Rihanna, Brown, Sean “ Diddy ” Combs, Chris Brown, Jane Doe, ”, ” Doe, Doe, Combs, Levi McCathern, McCathern, ” Combs, “, he’s, “ Chris Brown, Michael Jackson, Brown’s, —, Cheryl Dorsey, Brown “, Mark Geragos, Paul Buck, Karrueche Tran Organizations: CNN, Investigation, Miami Beach Police, Miami Beach, Los, Superior Court of, Los Angeles Police Department, Anaheim, Los Angeles Court, Violence Locations: Angeles County, Anaheim , California, Washington, DC, Malibu , California, Los Angeles

☆ Tomb filled with skeletons found underneath the Treasury in Petra
▼ + stars: | 2024-10-12 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +6 min

Archaeologists led by Dr. Pearce Paul Creasman, executive director of the American Center of Research, unearthed the ancient tomb. Exploring Petra, a world wonderWithin the tomb beneath the Treasury, archaeologists found a ceramic vessel resembling the Holy Grail. Only a handful of tombs uncovered in Petra in the past several decades have been found with untouched burials, Creasman said. As the researchers continue to study the skeletons, Creasman said they are hopeful more details will come to light about who the people were in life. Researchers would like to date the skeletons and artifacts as well as use extracted DNA to determine whether the dozen skeletons are related.

Persons: Jordan, Dr, Pearce Paul Creasman, Creasman, Josh Gates, ”, we’ve, ” Creasman, Petra, ” Gates, “, Gates, Indiana Jones, Fares Organizations: CNN, Treasury, American Center of Research, “, Warner Bros ., Discovery’s, Jordan Department of Antiquities Locations: Petra, Jordanian, Discovery’s

☆ Stocks making the biggest moves midday: Moderna, Uber, Boeing, Adobe and more
▼ + stars: | 2024-09-13 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Oracle — The stock rose nearly 2% after the database software company raised its fiscal 2026 revenue outlook . Uber — Shares of the ride-sharing company advanced more than 5% following news that it plans to expand its partnership with Alphabet's Waymo . Adobe — Shares tumbled 9% after the software company issued weaker-than-expected guidance for the current quarter. Unity Software — Shares of the game engine company added nearly 7%. Discovery — Shares advanced about 9% after the media conglomerate entered an early renewal agreement with Charter Communications.

Persons: Kevin Clark, RH —, Gary Friedman, Alphabet's Waymo, Uber, Stifel, Biden, David Zaslav, —, Jesse Pound, Sean Conlon, Samantha Subin, Hakyung Kim Organizations: JPMorgan, Oracle, Aptiv, — Stock, Adobe, Boeing, Unity, Holdings, PDD Holdings, Redfin Corporation, Federal Reserve, U.S, Home, Warner Bros, —, Charter Communications, Discovery Locations: U.S, Austin , Texas, Atlanta, China

Disney and DirecTV are not likely to reach a deal in time for "Monday Night Football" according to people familiar with the matter. As a result of the fight, DirecTV customers were unable to see the U.S. Open and the first full weekend of the college football season. DirecTV alerted customers on Friday to competitor alternatives for watching ESPN and also said it would provide a $30 credit to customers. However, Charter and Disney reached a deal hours ahead of "Monday Night Football" that allowed customers to tune in that night. The dispute between DirecTV and Disney has led to mudslinging between the two companies reminiscent of most carriage fights.

Persons: Rob Thun, Venu —, Venu, Disney, It's, Jimmy Pitaro, Nielsen, Pitaro, Adam Schefter, DirecTV's Thun Organizations: ESPN, Jacksonville Jaguars, Cincinnati Bengals, EverBank, DirecTV, Disney, FX, ABC, U.S ., CNBC, Walt Disney Co, Fox Corp, Warner Bros, NFL, Federal Communications Commission, Charter Communications, New York Jets, San Francisco 49ers Locations: Jacksonville , Florida, American, U.S

☆ Why Apple should buy Warner Bros. Discovery. No, seriously.
▼ + stars: | 2024-08-10 | by ( Peter Kafka | ) www.businessinsider.com time to read: +5 min

So I've got a not-so modest proposal: Time for Apple to jump in with both feet, and buy HBO — along with the rest of Warner Bros. I know, I know: "Apple should buy X, Y or Z" is a long-running piece of techworld fanfic. But now I think Apple should spend real money and buy WBD. And then, boom: Apple's services business — the part of the company Apple needs to keep growing while its hardware business slows — instantly grows by nearly 50%. AdvertisementIt's one thing for a tech company to buy a minor studio and 50% of the James Bond franchise.

Persons: —, I've, that's, Maxes, Warner, James Bond, hoover, It's, Tim Cook, Steve Jobs, Xi Jinping, Donald Trump, WBD Organizations: Service, Apple, HBO, Warner Bros, Business, Warner Bros . Studios, CNN, Warner mergred, Microsoft, Activision, Big Tech, Comcast, Paramount, Warners Locations: writedowns

☆ Stocks making the biggest moves premarket: Domino's, Warner Bros. Discovery, United Airlines and more
▼ + stars: | 2024-07-18 | by ( Hakyung Kim | ) www.cnbc.com time to read: +4 min

Domino's posted $4.03 earnings per share, topping an LSEG estimate of $3.68 per share. United Airlines — Shares of the airline added 1.5% before the bell after it said profit jumped 23% last quarter . The bank and payments company posted $6.06 in earnings per share on $4.54 billion in revenue. Analysts surveyed by FactSet had estimated 98 cents earnings per share on $2.58 billion in revenue. Alcoa posted adjusted earnings of 16 cents per share, beating analysts' forecast for 9 cents per share, according to LSEG.

Persons: Domino's, United, LSEG, FactSet, Blackstone, Kinder Morgan —, Kinder Morgan, Baird, Morgan Stanley, — CNBC's Michelle Fox, Jesse Pound, Samantha Subin Organizations: United Airlines —, Discover Financial, Warner Bros, Financial Times, Alaska Air Group, Street, Taiwan Semiconductor —, Taiwan Semiconductor, Alcoa, Revenue, Mizuho, FactSet Locations: LSEG

☆ Warner Bros Discovery (basically) admits its merger didn't work
▼ + stars: | 2024-07-18 | by ( Peter Kafka | ) www.businessinsider.com time to read: +5 min

That's basically the pitch the management of Warner Bros. Discovery is floating to investors today, via a story in the Financial Times: "A dramatic plan to split its digital streaming and studio businesses from its legacy television networks." And would the money from those declining networks be enough to service all that debt? Apple, most notably, inquired about buying HBO way back when its parent company was called Time Warner. If WBD can't split the company the way it's supposedly proposing now, it will end up selling off assets (maybe CNN?

Persons: That's, WBD, I've, hasn't, Pimple Popper, HBO hasn't, Jessica Reif Ehrlich, Rich Greenfield, you'll, it's, Time Warner, David Zaslav —, Donald Trump, he's, Zaslav Organizations: Service, Warner Bros, Financial, Business, HBO, Max, CNN, Netflix, Big Tech, Apple, Time, Sun, Paramount

☆ Scientists confirm first lunar cave that could help shelter astronauts from the moon’s extreme temperatures
▼ + stars: | 2024-07-17 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +8 min

CNN —Scientists have long theorized the existence of lunar caves — underground passageways formed through volcanic processes that are connected to the pits covering the moon’s surface. Now, a team of international researchers has found the first direct evidence that the moon’s deepest known pit connects to a cave that could provide shelter to astronauts. “Lunar caves have remained a mystery for a long time. Future research and exploration of lunar caves could also provide new insight into the evolution of the moon and lunar volcanism, the authors note in the study. “Moreover, (lunar caves) can be an alternative or an integration to a base on the surface of the Moon,” he added.

Persons: ”, Leonardo Carrer, Lorenzo Bruzzone, —, Tyler Horvath, ” Horvath, Horvath, Paul Hayne, Hayne, ” Hayne, Carrer, Noah Petro, Petro, Artemis III, “ LRO, ” Petro Organizations: CNN —, NASA Lunar Reconnaissance, University of Trento, Remote, NASA, Lunar Reconnaissance Orbiter, University of California, Mare Tranquillitatis, University of Colorado, European Space Agency, Reconnaissance, Artemis Locations: United States, China, Italy, Los Angeles, Carrer, University of Colorado , Boulder, Hawaii, Canary Islands, Australia, Iceland

☆ Boeing Starliner, SpaceX Starship missions hit key spaceflight goals
▼ + stars: | 2024-06-08 | by ( Ashley Strickland | ) edition.cnn.com time to read: +6 min

Chris O'Meara/APAfter lifting off Wednesday, Starliner and its first human crew set a course for the International Space Station. “We’re just happy as can be to be up in space,” Williams said. “One could be a warning sign — you’re in our backyard, you better behave yourself. The dinosaur-discovering family returns to the site in July 2023 for the excavation, including (clockwise from upper left) Sam Fisher, Emalynn Fisher, Danielle Fisher, Liam Fisher, Kaiden Madsen and Jessin Fisher. They find wonder in planets beyond our solar system and discoveries from the ancient world.

Persons: Chris O'Meara, Butch Wilmore, Suni Williams, We’re, ” Williams, —, ”, Philip Riris, ” Dino, Sam Fisher, Emalynn Fisher, Danielle Fisher, Liam Fisher, Kaiden Madsen, Jessin Fisher, Jessin, Liam, Genyornis newtoni, Jacob C, newtoni, George Frandsen, Ashley Strickland, Katie Hunt Organizations: CNN, SpaceX, eventual, Boeing, Atlas, Cape Canaveral Space Force, International Space, NASA, Bournemouth University, Denver Museum of Nature, Denver Museum of Nature & Science, — Engineers, NASA’s Hubble, CNN Space, Science Locations: Florida, Starliner, Venezuela, Colombia, England, Australia, Williams , Arizona

☆ The wreck of a legendary WWII US submarine has been found at the bottom of the South China Sea
▼ + stars: | 2024-05-24 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +4 min

Read previewResearchers say they have located the final resting place of one of the most storied vessels of World War II: the USS Harder. Lost 52 is headed by entrepreneur and ocean explorer Tim Taylor, along with diving entrepreneur Christine Dennison. A black-and-white image of the USS Harder on February 1944. The Lost 52 team has previously located at least six other US submarines. Finding the Harder "highlighted the importance of ocean data collection and the significance of underwater robotic technology," Taylor told BI.

Persons: —, Tim Taylor, Christine Dennison, Insider's Elias Chavez, Samuel Dealey, Harder, Samuel J, Cox, Taylor Organizations: Service, Heritage Command, Business, NHHC, Heritage, National Oceanic, Atmospheric Administration Locations: South China, Japan, Philippines, Dasol, Tiburon

☆ Warner Bros. Discovery misses first-quarter estimates despite streaming growth
▼ + stars: | 2024-05-09 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +4 min

In this article WBD Follow your favorite stocks CREATE FREE ACCOUNTIn this photo illustration, the Warner Bros. Here is how Warner Bros. Discovery performed, compared with estimates from analysts surveyed by LSEG: Loss per share: 40 cents vs. 24 cents loss expected40 cents vs. 24 cents loss expected Revenue: $9.96 billion vs. $10.231 billion expected Warner Bros. Warner Bros. While NBCUniversal holds the U.S. rights for the Olympics, airing the games on its TV networks and Peacock streaming service, Warner Bros.

Persons: Rafael Henrique, Discovery, —, Max, Hulu —, I've, David Zaslav, Zaslav, NBCUniversal, Discovery's Max Organizations: Warner Bros, Getty, Discovery, TNT, Justice League, Disney, Hulu, CNBC, Warner Bros . Discovery, Fox Corp, Sports, NBA, Olympics Locations: U.S, Paris, Europe

☆ Stocks making the biggest premarket moves: Planet Fitness, Warner Bros Discovery, Yeti, Airbnb and more
▼ + stars: | 2024-05-09 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

Quarterly revenue was $248 million, versus the $249.5 million expected from analysts polled by FactSet. Klaviyo guided for second-quarter revenue of $211 million to $213 million, higher than the $210 million expected from analysts polled by LSEG. AppLovin reported earnings per share of 67 cents, versus the 57 cents expected from analysts polled by LSEG. Bumble reported earnings per share of 19 cents, versus the 7 cents expected from analysts polled by FactSet. Adjusted earnings per share were 7 cents, versus the 6 cents expected.

Persons: Revenue, Klaviyo, AppLovin, AMC's, Duolingo, LSEG . Bumble —, Bumble, Warby Parker, Warby, Roblox, —, Jesse Pound, Tanaya Macheel, Alex Harring, Samantha Subin Organizations: FactSet, Warner Bros, LSEG, postmarket, Revenue, AMC, FactSet . Revenue, Wall Locations: British

☆ Generative AI will be designing new drugs all on its own in the near future
▼ + stars: | 2024-05-05 | by ( Trevor Laurence Jockims | ) www.cnbc.com time to read: +12 min

An analogy for understanding the development of AI drugs can be found in the mechanisms of ChatGPT. As a result, it's a drug discovery process that has a 90% failure rate. Some of the noted flaws of generative AI, its propensity to "hallucinate" for example, could prove to be powerful in drug discovery. AI is learning to distinguish drugs from non-drugs, and to create new drugs, in the same way that ChatGPT can create sentences, Ellington said. Now, AI models are helping narrow down the possibilities, so scientists more quickly know the optimal modifications to try.

Persons: ChatGPT, Kimberly Powell, Google's, —, AlphaFold, Powell, Rau, Lilly, Eli Lilly, Diogo Rau, It's, Amgen, Andy Ellington, Ellington, Daniel Diaz, Diaz, We've Organizations: Nvidia, CNBC Technology, Summit, University of Texas, Austin, NVIDIA, biosciences, UT's Institute, Foundations of Machine, Cadence Locations: Nature

☆ Who gets to buy a Birkin bag?
▼ + stars: | 2024-04-08 | by ( Joan Kennedy | ) edition.cnn.com time to read: +10 min

(CNN) — It’s so hard to get your hands on an Hermès Birkin bag that it should be illegal. Hermès’ ultra-exclusive positioning has meant Birkin sales have continued to overperform in the market even as most other luxury brands see demand slowing from post-pandemic highs. A scarcity-driven distribution model has helped drive desire for Birkins, as well as more broadly fuel Hermès’ business. Saroyan Humphrey/WWD/Getty ImagesThe lawsuit alleges shoppers are required to buy ancillary products (items like scarves, pillows or shoes) before being allowed to purchase a Birkin handbag. Presumably, the plaintiffs could buy a Birkin from The RealReal even if they can’t from Hermès directly.

Persons: —, Birkin, Hermès, Kelly, aren’t, Alex Tai, ”, snagging, Erwan, Haffner, Saroyan Humphrey, WWD, ’ ”, Susan Scafidi, “ It’s, Sebastien Bozon Organizations: The, Fashion, CNN, HSBC, Law, Microsoft, Fashion Law, Fordham University, Getty Locations: Northern California, waitlists, Paris, China, California, Hermès, Allenjoie, France, AFP

☆ 'The Idea of You' soundtrack producer says he wasn't thinking about One Direction while writing music for August Moon
▼ + stars: | 2024-03-16 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +9 min

This was just 'great pop songs,' or what we thought were great pop songs." Advertisement"You'll see throughout the movie that he's writing 'Dance Before We Walk' and toying with the idea," Kotecha explains. I'm actually not just a manufactured boy band guy, I'm actually a musician and I want to be taken seriously.'" "For the boy band songs," Kotecha explained, "you don't sacrifice the melody for the lyric." "Nostalgia may be kicking in, but I also feel like it's time for another boy band," Kotecha said.

Persons: Hayes Campbell, Kotecha, —, Nicholas Galitzine, Anne Hathaway, Solène, Campbell, Savan, Ariana Grande, Demi Lovato, Michael Showalter, Cathy Schulman, Robinne Lee, I've, Hayes, Carl Falk, Moon, Simon Cowell, Alisha Wetherill, I'm, Harry Styles, Jackson, what's, sister's, NSYNC Organizations: BI, Service, SXSW, Vogue, Amazon Prime Locations: Coachella, Pixar's

☆ Former Apple Executive to Lead Sports Streaming Service
▼ + stars: | 2024-03-15 | by ( Benjamin Mullin | More About Benjamin Mullin | ) www.nytimes.com time to read: +1 min

Since a trio of media titans announced a new sports-focused streaming service last month, key details of the project have been shrouded in mystery. Discovery — said that it would be led by Pete Distad, a former executive at Apple who had been in charge of distribution of the tech giant’s Apple TV+ streaming service. By selecting Mr. Distad, an executive with a mix of tech and media experience, the companies behind the service signaled that the new service needs a leader who understands the old-school economics of cable television and the promise of the rapidly unfurling streaming business. Before he joined Apple, Mr. Distad helped start Hulu, the last major streaming joint venture. In a statement, Mr. Distad said he was looking forward to pulling together “industry-leading sports content portfolios” from the three companies.

Persons: —, Pete Distad, Distad Organizations: titans, — Fox, Disney, Warner Bros, Apple, Hulu Locations: Los Angeles

☆ Who's going to pay $50 a month for a sports streamer that doesn't have all the sports?
▼ + stars: | 2024-03-04 | by ( Peter Kafka | ) www.businessinsider.com time to read: +5 min

What we still don't know: Why would someone pay $50 a month for this? AdvertisementAfter all, if you like paying for streaming TV, you can pay $73 a month for YouTube TV. So, again: If you're a big enough sports fan that you want to pay for streaming TV, don't you also want all of the sports on streaming TV? And, yes: Spending $50 a month on something instead of $73 a month on something is meaningfully cheaper. Now he's asking them to pay an extra $50 a month — and not get everything they want.

Persons: Lachlan Murdoch, it's, —, Here's, Murdoch, Brendan McDermid, they're, They're, he'll Organizations: Service, Fox Corp, Disney, Warner Bros, Comcast, YouTube, REUTERS, NFL, CBS, league's AFC, NBC, Amazon, Media Locations: America

☆ I'm a nutritionist who shops at Costco for 2. Here are 15 things I always buy in bulk.
▼ + stars: | 2024-02-26 | by ( Candace Nelson | ) www.businessinsider.com time to read: +11 min

Candace Nelson for InsiderEggs are so versatile, and we eat a ton in my house since we're huge fans of breakfast burritos. Kirkland Signature's mixed-nut butter is wholesome and simpleKirkland Signature's nut butter is a great source of healthy fats. Candace Nelson for InsiderKirkland's mixed-nut butter is my all-time favorite Costco discovery — I recommend it to my nutrition clients and use it almost daily. Candace Nelson for InsiderI do most of my cooking in olive oil, so I keep it near the stove for easy access. Candace Nelson for InsiderI don't eat a lot of dairy but when I do, I prefer it in cheese form.

Persons: —, Candace Nelson, Kirkland Signature's, Kirkland's, I'm, Kirkland Organizations: Service, Business, Costco, Disney, Kirkland Locations: Costco, veggies

☆ Stocks making the biggest moves midday: Warner Bros. Discovery, Rivian, Block, Live Nation and more
▼ + stars: | 2024-02-23 | by ( Hakyung Kim | ) www.cnbc.com time to read: +4 min

Discovery — Shares dropped 10% after the media conglomerate posted disappointing fourth-quarter results and failed to give 2024 free cash flow guidance. Discovery reported a loss of 16 cents per share on revenue of $10.28 billion. Analysts polled by LSEG, formerly known as Refinitiv, had expected a per-share loss of 7 cents on revenue of $10.35 billion. Carvana — Shares of the used car marketplace jumped 34% after the struggling company posted its first-ever annual profit. Insulet — Shares slipped 4.5% after the company reported a disappointing revenue forecast for the first quarter.

Persons: DraftKings, Rivian, Bloomin, overshadowing, Nio, LSEG, Carvana, William Blair, Raymond James, Nextdoor, Nirav Tolia, Insulet, FactSet, EOG, —, Alex Harring, Samantha Subin, Brian Evans, Lisa Kailai Han, Jesse Pound, Michelle Fox, Sarah Min Organizations: Warner Bros, —, Discovery, LSEG, Barclays, UBS, Holdings, EV, JPMorgan Locations: U.S

☆ Stocks making the biggest moves premarket: Block, Live Nation, Carvana, Booking Holdings & more
▼ + stars: | 2024-02-23 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

Live Nation Entertainment — Shares of the entertainment platform popped nearly 5% following a fourth-quarter revenue beat. On the other hand, however, the company reported fourth-quarter earnings and revenue figures that surprised to the upside. Carvana — Shares of the used car marketplace surged 33% in premarket trading after the struggling company posted its first-ever annual profit. Quarterly profit and revenue results were weaker than analysts expected, although the company reported strong fourth-quarter earnings than analysts anticipated. Penumbra — The medical device maker fell more than 7% on the back of mixed fourth-quarter results and lackluster full-year guidance.

Persons: LSEG, overshadowing, Insulet, Carvana, William Blair, Raymond James, MercadoLibre, Jason Bazinet, Penumbra, DraftKings, — CNBC's Michelle Fox, Hakyung Kim, Tanaya Macheel, Sarah Min, Jesse Pound, Samantha Subin Organizations: Intuit, Revenue, Holdings, FactSet, UBS, Fox, Citi, ESPN, Warner Bros, JV, JPMorgan, Barclays, Discovery

☆ Nvidia earnings, Fed minutes on deck next week as Wall Street assesses interest rate outlook
▼ + stars: | 2024-02-16 | by ( Sarah Min | ) www.cnbc.com time to read: +8 min

The Dow Jones Industrial Average, S & P 500 and the Nasdaq Composite each snapped a five-week advance. On average, market strategists on Wall Street anticipate the S & P 500 will end the year at 4,936, according to a CNBC survey . The equal-weighted S & P 500 index is up just 1.7% in 2024, trailing far behind the market-cap weighted benchmark. Initial Claims (02/17) 9:45 a.m. PMI Composite preliminary (February) 9:45 a.m. S & P PMI Manufacturing preliminary (February) 9:45 a.m. S & P PMI Services preliminary (February) 10 a.m. Existing Homes Sales (January) Earnings: Booking Holdings , Live Nation Entertainment , Intuit , Edison International , Dominion Energy , Moderna , PG & E , Keurig Dr. Pepper Friday, February 23, 2024 Earnings: Warner Bros.

Persons: chipmaker, Ayako Yoshioka, Yoshioka, Jerome Powell, Josh Emanuel, everybody's, Emanuel, Russell, They're, Chris Chen, Chen, Dr, Pepper, Nick Wells, Kif Leswing Organizations: Nvidia, CNBC, Dow Jones, Nasdaq, Federal Reserve, Investor, Treasury, Wilshire Associates, American Association of, Insight Financial, Walmart, Home, Alto Networks, Diamondback Energy, Caesars Entertainment, Marathon, Devices, Chicago, PMI, Holdings, Nation Entertainment, Intuit, Edison International, Dominion Energy, Moderna, Warner Bros Locations: U.S, Santa Monica, Calif

☆ Beyond the 'Magnificent 7': Morningstar's top strategist names other stocks to own
▼ + stars: | 2024-02-09 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

"The Magnificent Seven stocks generally are starting to run out of steam at this point because their valuations are getting pretty full at this point of time," Morningstar's Chief Markets Strategist David Sekera told CNBC Pro on Feb. 2. However, Sekera thinks things are looking up for small-caps and value stocks — the latter of which he says are trading at an 11% discount relative to Morningstar's fair value and look like a "good area for investors to overweight in U.S. stocks right now." Tech stocks The chief strategist remains bullish on tech, albeit outside of the Magnificent Seven, and named Cognizant Technology Solutions and Snowflake as picks to play the theme. Value in energy The energy sector — one of the laggards of the stock market last year — is also on Sekera's radar. Morningstar gives stocks a rating of between one and five stars, with a top rating indicating that the shares are undervalued.

Persons: David Sekera, Morningstar, Sekera, Russell, —, We're, doesn't, NiSource, Entergy Organizations: Big Tech, Apple, Meta, Microsoft, Nvidia, Tesla, CNBC Pro, Dow, Nasdaq, Tech, Technology Solutions, APA Corp, Morningstar, Exxon, APA, Entergy, WEC Energy Locations: Suriname, United States

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