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☆ Chase Budinger: Former NBA player qualifies for US beach volleyball team at the Paris Olympics
▼ + stars: | 2024-06-06 | by ( George Ramsay | ) edition.cnn.com time to read: +2 min

CNN —Former NBA player Chase Budinger is set to make his debut at the Olympics later this year, though he won’t be doing it on the hardwood. The 36-year-old has earned a spot on the US beach volleyball team alongside partner Miles Evans having switched sports seven years ago. According to NBC, Budinger will become the first person to have played an NBA regular season game and appeared at the Olympics in beach volleyball. He’s also the only athlete to make a career in both sports, according to AVP Beach Volleyball. This year’s Olympic beach volleyball competition will take place under the shadow of the Eiffel Tower in Paris with games getting underway on July 27.

Persons: CNN —, Chase Budinger, Miles Evans, Theo Brunner, Trevor Crabb, Budinger, Evans, He’s, “, ” Budinger Organizations: CNN, NBA, NBC, AVP, University of Arizona, Detroit Pistons, Houston Rockets, Minnesota Timberwolves, Indiana Pacers, Phoenix Suns, US, Olympics, Eiffel Locations: Spain, Paris

☆ Oil slips for sixth consecutive day on big builds in U.S. oil, fuel stocks
▼ + stars: | 2024-06-05 | by ( ) www.cnbc.com time to read: +1 min

U.S. crude oil, gasoline and distillate stocks rose last week, according to sources citing American Petroleum Institute figures. API figures showed crude stocks rose by more than 4 million barrels in the week ended May 31, against analysts' forecasts for a 2.3 million-barrel decline in a Reuters poll. Gasoline stocks also rose more than 4 million barrels, which was a much bigger build than the 2 million-barrel increase analysts had expected. Rising U.S. stocks could weigh heavily on investor sentiment around oil demand. Data for last week reflects fuel usage around the Memorial Day holiday, closely watched as it marks the start of U.S. driving season.

Persons: Tim Evans Organizations: Brent, . West Texas, American Petroleum Institute, U.S . Energy, Administration Locations: OPEC, U.S

The yield on the 10-year Treasury was down by 6 basis points at 4.334%. The 2-year Treasury yield pulled back 3.5 basis points to 4.78%. The fresh reading is fueling investor hope that the labor market is perhaps weak enough to allow the Federal Reserve to cut interest rates. Yields had fallen on Monday, with the 10-year Treasury yield tumbling close to 12 basis points, after economic data indicated a contraction of the manufacturing sector. — Correction: The 10-year Treasury yield fell nearly 12 basis points Monday.

Persons: Dow Jones, nonfarm payrolls Organizations: Treasury, U.S, Labor Department, Dow, Federal Reserve, Fed, European Central Bank

☆ Meet Angelina Jolie and Brad Pitt's 6 children
▼ + stars: | 2024-06-04 | by ( Olivia Singh | ) www.businessinsider.com time to read: +13 min

AdvertisementVivienne Jolie-Pitt, Angelina Jolie, Zahara Jolie-Pitt, and Shiloh Jolie-Pitt at the world premiere of "Eternals" at the El Capitan Theatre in Hollywood on October 18, 2021. On her 18th birthday on May 27, Shiloh filed to legally change her name to Shiloh Jolie, TMZ and People reported. Knox, Zahara, Pax, Jolie, Vivienne, and Shiloh at the world premiere of "Maleficent: Mistress of Evil" in 2019. AdvertisementShiloh Jolie-Pitt, Zahara Jolie-Pitt, Angelina Jolie, Vivienne Jolie-Pitt, Maddox Jolie-Pitt and Knox Jolie-Pitt at the UK premiere of "Eternals" on October 27, 2021 in London, England. Vivienne is listed as "Vivienne Jolie" in the Playbill, but it's unclear if she legally changed her name.

Persons: —, Angelina Jolie, Brad Pitt, Jolie, Pitt, Maddox Jolie, Maddox, Yoon Suk, Stefani Reynolds, Rath Vibol, Maddox Chivan Thornton Jolie, Billy Bob Thornton, he'll, Maleficent, Jason Merritt, Zahara, Joe Biden, Yoon Suk Yeol, Kim Keon Hee, Zahara Marley Jolie, Christopher Jue, Disney Jolie, Kung, Shiloh, Kevin Winter, Robert Procop, Vivienne Jolie, Zahara Jolie, Shiloh Jolie, Jon Kopaloff, Pax, Matt Sayles, Invision, Jolie's, Oprah, tracksuits, Marilla, Marilla Sicilia, Vivienne, Doja, Hamilton Evans, He's, he's, Brad, Pax Jolie, Pax Thien, JC Olivera, Knox, Knox Léon Jolie, Issei Kato, Knox Léon, Vivienne Marcheline, Leon, Marcheline, Vivi, Marie Claire, Princess Aurora, Tigress, Knox Jolie, Karwai Tang, Getty Images Knox, Viv, isn't Organizations: Service, Miraval, Business, South, White, Getty, Pitt Foundation, Netflix, Vogue, Pitt, FBI, Yonsei University, British Vogue, Japan, Disney, Entertainment, El Capitan Theatre, Lexus, Spelman College, Spelman's Alpha Kappa Alpha, AP Pitt, Fair, Rome, Pax Thien Jolie, JR, Museum, Tolerance, BBC, REUTERS, Getty Images, Marvel, People Locations: France, Washington ,, Cambodia, Pitt's, Seoul, South Korea, British, Tokyo, Japan, Zahara, Ethiopia, Shiloh, Hollywood, Atlanta, Marilla Sicilia, Vegas, Vietnam, Paris, Knox, Los Angeles, London, England

☆ The fundamentals and technicals are aligning for these stocks, according to Piper Sandler
▼ + stars: | 2024-06-03 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

With equities ending May higher, Piper Sandler says everything is going right for a handful of stocks. M & T Bank Regional bank M & T made the Piper Sander list, with analyst Frank Schiraldi highlighting the stock's reversal of a long downward trend and its fresh 52-week high reached on May 15. The analyst added that Oracle has yet to fully capitalize on a growing artificial intelligence tailwind. Tractor Supply Shares of retailer Tractor Supply have surged more than 32% in 2024. "Tractor Supply Company possesses the attributes that the macro select model is targeting as prime for the current backdrop," the analyst said.

Persons: Piper Sandler, Piper Sander, Frank Schiraldi, Schiraldi, Brent Bracelin, Bracelin, Peter Keith, Keith Organizations: Piper, Federal, T Bank Regional, T Bank, Oracle, Oracle Corporation, ", Tractor Supply, Tractor Supply Company

☆ Stocks making the biggest moves premarket: GameStop, Stericycle, MarineMax, Paramount and more
▼ + stars: | 2024-06-03 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Waste Management , SteriCycle — Shares of medical waste-disposal company Stericycle jumped 16% after Waste Management agreed to buy the company for $7.2 billion. Waste Management fell 1.5%. MarineMax — MarineMax, a recreational boat and yacht services company, popped 19% on a report that OneWater Marine is in talks to buy the company for $40 a share in cash. Boston Beer Company — Shares slid 11% after Bloomberg reported that Japanese brewer and distiller Suntory denied it's in talks to buy the Samuel Adams owner. Paramount Global — Shares added more than 6% after Skydance Media revised its buyout offer for Paramount and gave nonvoting shareholders an option to cash out Paramount Class B shares at a roughly 26% premium to Friday's close.

Persons: Keith Gill, Kitty, Stericycle, —, Cava, Rubin, Blackwell, it's, Samuel Adams, Alex Harring, Brian Evans, Michelle Fox Theobald Organizations: GameStop, AMC Entertainment, AMC, Waste Management, Bloomberg, JPMorgan, Nvidia, AMD, Monday, Sunday, Bank of America, Boston Beer, Suntory, Street, Citi, Spotify, GSK, Autodesk — Autodesk, Paramount, Skydance Media Locations: Cava, Taipei, U.S, Delaware

☆ Justin Jefferson agrees to record-setting $140 million contract extension with the Minnesota Vikings
▼ + stars: | 2024-06-03 | by ( Greg Rosenstein | ) www.cnbc.com time to read: +1 min

Justin Jefferson #18 of the Minnesota Vikings looks on against the Kansas City Chiefs in the first half at U.S. Bank Stadium on October 08, 2023 in Minneapolis, Minnesota. The Minnesota Vikings and star wide receiver Justin Jefferson have agreed to a contract extension, the franchise announced Monday. The deal is worth $140 million with $110 million guaranteed, according to a report from the NFL Network, making Jefferson the highest-paid non-quarterback in NFL history. To all my teammates and coaches from the very beginning as a kid in Louisiana, all the way to the NFL, thank you for always being there for me and pushing me. Jefferson is only the fifth player in NFL history (along with Michael Thomas, Mike Evans, A.J.

Persons: Justin Jefferson, Jefferson, Wilf, Kevin O'Connell, Kwesi Adofo, Mensah, Michael Thomas, Mike Evans, Green, Randy Moss Organizations: Minnesota Vikings, Kansas City Chiefs, U.S . Bank, NFL Network, Jefferson, Vikings, NFL, First Locations: Minneapolis , Minnesota, Minnesota, Louisiana, A.J

The Dow Jones Industrial Average rose on Tuesday as Wall Street sought its footing after an uneven start to the month. The S&P 500 added 0.15% to finish the session at 5,291.34, and the Nasdaq Composite advanced 0.17% to 16,857.05. Bath & Body Works was the worst-performing stock in the S&P 500, losing nearly 13% on the back of disappointing guidance. Tuesday's market move comes one day after the Dow fell more than 115 points, or 0.3%, on the first trading day of June. The S&P 500 and Nasdaq Composite both rose modestly on Monday as weak manufacturing data weighed on market sentiment.

Persons: Dow, Megan Horneman, Dow Jones Organizations: Dow Jones, Nasdaq, Treasury, Dow Inc, Caterpillar, Body, Verdence Capital Advisors, Labor Department

☆ Stocks making the biggest moves premarket: Dell Technologies, Ulta Beauty, Ambarella, Gap and more
▼ + stars: | 2024-05-31 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Dell Technologies — Stock in the personal computer and technology company slid more than 16% after executives warned about further margin pressure ahead. Nordstrom stuck by its full-year earnings forecast and reported strong growth in its Nordstrom Rack segment, which outperformed the headline brand stores. Gap — Shares climbed more than 25% after the apparel company lifted its full-year operating income forecast on the heels of a first-quarter earnings beat. Ulta on Thursday posted fiscal first-quarter earnings that reflected a 1.6% year-over-year increase in same-store sales, a significant slowdown from the same period a year earlier. MongoDB said it expected to earn 46 cents to 49 cents per share on $460 million to $464 million of revenue.

Persons: Jason Bazinet, Zscaler, Nordstrom, Ambarella, MongoDB, LSEG, Michelle, Sun, Choe, Wall, Lisa Kailai Han, Pia Singh, Jesse Pound Organizations: Dell Technologies, Lionsgate, Citi, Marvell Technologies, LSEG, Vans

A small group of stocks are on the verge of forming a worrisome chart pattern known as a "death cross ." A death cross occurs when a stock's 50-day moving average falls below its 200-day average. Baxter International Stock in medical equipment maker Baxter International is also on the verge of a death cross. Other stocks nearing a death cross chart pattern include Illinois Tool Works and Abbott Laboratories . While the golden cross suggests a potential uptrend, ITW is now approaching the bearish death cross chart pattern only five months later.

Persons: Goldman Sachs, Bonnie Herzog, Clorox, TD Cowen, Joshua Jennings, Baxter, Jennings, Abbott's Organizations: Nasdaq, CNBC, Baxter International Stock, Baxter, Abbott Laboratories ., Tool, Abbott Laboratories, U.S . Food, Drug Administration Locations: Hillrom, Illinois, U.S

☆ Analysts defend Salesforce, saying the sell-off is overdone and AI impact is ahead
▼ + stars: | 2024-05-30 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Even a sharp sell-off in Salesforce stock Thursday — down as much as 21% intraday — isn't keeping some analysts on Wall Street from sticking with their optimistic outlooks on the maker of customer relationship management software. Salesforce executives tied the disappointing results to elongated deal cycles throughout the first quarter that hit the company's booking schedule. Weiss reiterated an overweight rating on Salesforce, albeit with a $320 per share price target, down from $350. Goldman Sachs analyst Kash Rangan reiterated a buy rating on Salesforce stock, but lowered his price target to $315 per share from $345. The analyst reiterated an overweight rating on the stock with a $300 per share price target, or about 10% upside from yesterday's close.

Persons: Goldman Sachs, Morgan Stanley, JPMorgan Chase, Keith Weiss, Weiss, Kash Rangan, Rangan, Mark Murphy, Tyler Radke, Radke Organizations: Wall, JPMorgan, Citigroup Locations: Salesforce, CY25

☆ CNBC Daily Open: Dow drops, Nvidia can't save Nasdaq
▼ + stars: | 2024-05-30 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Treasury yields weigh on Wall StreetThe S&P 500 snapped its three-day winning streak as Treasury yields climbed. Despite Nvidia's continued rise since its earnings report last week, the tech giant couldn't prevent the Nasdaq Composite from falling. Peltz dumps Disney stakeActivist investor Nelson Peltz has sold his entire stake in Disney, according to a person familiar with the matter. ConocoPhillips CEO Ryan Lance said the deal would immediately grow ConocoPhillips' earnings, cash flow and shareholder returns after the deal closes in the fourth quarter.

Persons: Nvidia's, Salesforce, Nelson Peltz, Peltz, Jay Rasulo, Bob Iger, Ryan Lance, Robert Isom, Vasu Raja, Raja, CNBC's Brian Evans Organizations: New York Stock Exchange, CNBC, Nasdaq, Dow Jones, Disney, ConocoPhillips, Oil, American Airlines, Dow Locations: New York City, Disney, Texas , New Mexico, North Dakota

Daiwa raised its price target to $1,325 on Nvidia, calling for more than 15% upside. Mizuho, meanwhile, upgraded PayPal to buy from neutral with a price target that implies more than 45% upside. — Brian Evans 5:46 a.m.: Daiwa increases Nvidia price target, says company is AI's 'big winner' Shares of soaring chipmaker Nvidia have more room to run, according to Daiwa Capital Markets. Analyst Louis Miscioscia raised his price target on the chipmaker to $1,325 from $900, which implies more than 15% upside from Wednesday's close. Nvidia stock has gained roughly 132% in 2024, adding to last year's 238% surge, as investors cheer the company's AI prospects.

Persons: Daiwa, Mizuho, Okta's, OKTA, Peter Levine, Brian Evans, Maheep Mandloi, — Brian Evans, Baird, Michael Ha, Ha, Louis Miscioscia, Miscioscia, Dan Dolev, Dolev, Fred Imbert Organizations: CNBC, Nvidia, PayPal, Mizuho Securities, Solar Mizuho Securities, UnitedHealth, Daiwa, Markets, Mizuho, comm Locations: Wednesday's, OptumCare

☆ CNBC Daily Open: Dow drops, Nvidia couldn't save Nasdaq
▼ + stars: | 2024-05-30 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Treasury yields weigh on Wall StreetThe S&P 500 snapped its three-day winning streak as Treasury yields climbed. Despite Nvidia's continued rise since its earnings report last week, the tech giant couldn't prevent the Nasdaq Composite from falling. Peltz dumps Disney stakeActivist investor Nelson Peltz has sold his entire stake in Disney, according to a person familiar with the matter.

Persons: Nvidia's, Salesforce, Nelson Peltz, Peltz, Jay Rasulo, Bob Iger, Robert Isom, Vasu Raja, Raja, Korea's Kospi, Hang Seng, CNBC's Brian Evans Organizations: New York Stock Exchange, CNBC, Nasdaq, Dow Jones, Disney, American Airlines, Treasury, Nikkei, China's CSI, Dow Locations: New York City, Disney, Asia, Pacific, Japan, South Korea, China

☆ Stocks making the biggest moves premarket: Marathon Oil, Robinhood, American Airlines, Chewy & more
▼ + stars: | 2024-05-29 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Dick's Sporting Goods — The sporting goods retailer popped 7.7% after reporting an earnings and revenue beat for its fiscal first quarter. It now expects earnings per share to be between $13.35 and $13.75, up from its prior range of $12.85 to $13.25. Robinhood — The stock broker shares jump 1.6% in premarket after the trading startup announced its first-ever share buyback plan. Chewy posted earnings per share of 15 cents, topping a FactSet estimate of just 4 cents per share. Cava — The stock fell 5% in premarket even though the restaurant chain posted earnings and revenue for the first quarter that topped expectations.

Persons: Dick's, Robinhood, Chewy, Cava, LSEG, CNBC's David Faber, Merck, —, Jesse Pound, Michelle Fox, Lisa Han, Sarah Min, Brian Evans, Hakyung Kim Organizations: ConocoPhillips —, Marathon Oil, Goods, LSEG . American Airlines —, United Airlines —, Jefferies, United Airlines, Google, HubSpot, Merck Locations: American, premarket

☆ UBS says this battery systems company is an 'under-appreciated beneficiary' of the AI-driven data center boom
▼ + stars: | 2024-05-29 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Investors looking for new ways to capitalize on artificial intelligence should look at Fluence Energy , according to UBS. "FLNC is an under-appreciated beneficiary of increasing AI data center driven electricity demand as a leading supplier of utility-scale battery systems," analyst Jon Windham said. The firm reiterated its buy rating on the energy storage stock alongside a $32 per share price target. Fluence Energy is the second-biggest battery supplier at the utility level in the U.S. behind Tesla, UBS noted. "The more data centers consume electricity, the larger the arbitrage opportunity becomes, driving more demand for energy storage systems," the analyst said.

Persons: Jon Windham, Tesla, Windham Organizations: Fluence Energy, UBS, Energy, Nvidia, Data Locations: U.S

☆ Stocks making the biggest moves midday: Abercrombie & Fitch, UnitedHealth, Netflix and more
▼ + stars: | 2024-05-29 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines in midday trading: Abercrombie & Fitch — Shares popped 22% after the apparel retailer posted fiscal first-quarter sales that grew 22% from a year earlier. Netflix — Morgan Stanley reiterated its overweight rating on the streaming stock, leading shares 2% higher. According to the firm, Netflix can see strong double-digit revenue growth that should extend beyond the benefits it is seeing from its paid-sharing initiative. ConocoPhillips , Marathon Oil — The oil company slipped close to 4% in midday trading following news that ConocoPhillips is acquiring peer Marathon Oil in a $17 billion all-stock deal. Other stocks also tied to the government-run health insurance program, namely Molina Healthcare , Elevance Health and Humana , also slid during Wednesday's trading session.

Persons: Netflix — Morgan Stanley, Dick's, Marathon's, HubSpot, CNBC's David Faber, Chewy, — CNBC's Brian Evans, Hakyung Kim, Jesse Pound, Michelle Fox Organizations: Abercrombie, Fitch, Netflix, American Airlines, Dick's, LSEG, ConocoPhillips, Marathon, Google, HubSpot, Energy, UBS, Insurance, — Insurance, Molina Healthcare, Elevance, Humana

☆ The summer trade: Here's how the S&P 500 fares between June and August—and which sectors stand out
▼ + stars: | 2024-05-29 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

The major averages hit record highs in May, with the S & P 500 breaking above 5,300 for the first time. Historically, the summer months prove to be less robust for the S & P 500. July is typically a standout month, however, with the S & P 500 posting a 3.27% increase on average. .SPX YTD mountain The S & P 500 has added more than 11% in 2024. The S & P 500 tech sector averages a flat performance for June going back a decade.

Persons: It's, — CNBC's Christopher Hayes Organizations: Nasdaq, Dow Jones, CNBC, Tech, Technology, Nvidia

☆ What we know about the Americans arrested for bringing ammo to Turks and Caicos
▼ + stars: | 2024-05-28 | by ( Alisha Ebrahimji | ) edition.cnn.com time to read: +9 min

The father of two pleaded guilty to possession of 20 rounds of ammunition, according to the Turks and Caicos government. The Virginia resident was fined $9,000, said Kimo Tynes, director of communications for the Government of the Turks and Caicos Islands in a news statement Tuesday. Tyler Scott Wenrich The Royal Turks and Caicos Islands Police ForceThe Hon. Watson pleaded guilty at a hearing on Tuesday, Tynes, with the communications office of the Government of the Turks and Caicos Islands, confirmed to CNN. Sharitta Shinese GrierSharitta Shinese Grier The Royal Turks and Caicos Islands Police ForceGrier was arrested two weeks ago and is awaiting trial after making bail, according to Tynes.

Persons: Michael Lee Evans, Sharitta Grier, Bryan Hagerich, Ryan Tyler Watson, Tyler Wenrich, Caicos Premier Washington Misick, Dileeni Daniel, Selvaratnam, ”, “, ” Misick, Misick, Bryan Hagerich Hagerich, Hagerich, Johnathan Franks, ” Hagerich, They’ve, Palmer, Matt Freed, ” Tyler Wenrich Wenrich, Kimo, , won’t, Tyler Scott Wenrich, Davidson Baptiste, ” Wenrich, Michael Lee Evans Evans, Oliver Smith, Ryan Tyler Watson Ryan Tyler Watson, Caicos Islands Police Force Watson, Watson, Sharitta Shinese Grier Sharitta Shinese Grier, Caicos Islands Police Force Grier, Tynes, ” Grier, can’t, Grier’s, Oklahoma Republican Sen, Markwayne Mullin, Guy Reschenthaler, “ It’s, ” Reschenthaler, CNN’s Manu Raju, Mullin, it’s “, Akbarzai, Michael Rios, Holly Yan, Fabiana Chaparro, Amanda Musa, AnneClaire Stapleton Organizations: CNN —, Caicos, British Overseas, Transportation Security Administration, Caicos Island Government, Gov, United, Pittsburgh International Airport, CNN, WTAE, Pittsburgh International, America, Government, Turks, Royal, Caicos Islands Police, Caicos Islands Police Force, WFTV, Oklahoma Republican, ABC, Republican, UN, TCI Locations: Caicos, Texas, Florida, Pennsylvania, Oklahoma, Virginia, Bahamas, Caicos Premier, British Overseas Territory, Caicos Island, Turks, United States, Caroline, Pittsburgh, “, Royal Turks, Tynes, Caicos Islands

☆ This maker of seatbelts and airbags is a 'growth safe haven story,' says UBS in upgrade
▼ + stars: | 2024-05-28 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Strong margins, revenue growth and insulation from automotive market headwinds have UBS labeling Sweden's Autoliv as a "growth safe haven story." Autoliv is isolated from short-term industry concerns, such as electric vehicle penetration, "intense capital allocation or China underexposure," UBS analyst Juan Perez-Carrascosa wrote on Tuesday. UBS upgraded Autoliv, a maker of seatbelts, airbags and steering wheels, to buy from neutral and raised its price target by 38% to $141 from $102, which was far below Friday's close at $125.73. The new target implies further upside of 12% for Autoliv, which is up 17% in 2024 after soaring 44% in 2023. ALV YTD mountain Autoliv stock has climbed more than 14% in 2024.

Persons: Sweden's, Juan Perez, Carrascosa, Perez Organizations: UBS Locations: China

☆ American Tyler Wenrich sentenced to time served and $9K fine after arrest on illegal ammunition charge in Turks and Caicos
▼ + stars: | 2024-05-28 | by ( Alisha Ebrahimji | ) edition.cnn.com time to read: +3 min

CNN —American Tyler Wenrich was sentenced to three weeks in jail and fined Tuesday after he had pleaded guilty earlier this month to possession of ammunition while traveling to Turks and Caicos. Two other Americans have pleaded guilty and are out on bail while they await sentencing while a third has pleaded guilty, been sentenced and has returned back to the US. Bringing firearms or ammunition into Turks and Caicos without prior permission from police is “strictly forbidden,” according to a statement from its government. In addition to Hagerich and Wenrich, one other American – Michael Lee Evans – pleaded guilty to possession of ammunition while traveling in Turks and Caicos, according to the territory’s government. No US citizen has received the 12-year sentence to date.

Persons: Tyler Wenrich, Kimo Tynes, Davidson Baptiste, Ryan Tyler Watson, Tynes, Misick, Bryan Hagerich, Michael Lee Evans –, Evans, Oliver Smith, Sharitta Shinese Grier, Dileeni Daniel, Selvaratnam, CNN’s Michael Rios, Holly Yan, AnneClaire Stapleton Organizations: CNN, Government, Turks, Premier, Public, Caicos Locations: Turks, Caicos, The Virginia, American, Bahamas, United States

☆ Rising home equity levels could help stoke pent-up demand for these two stocks
▼ + stars: | 2024-05-27 | by ( Brian Evans | ) www.cnbc.com time to read: +8 min

How long this trend will last is unclear, though it's clear a lot will depend on the direction of interest rates. This dynamic isn't surprising given a high interest rate environment that has pressured consumers. "Elevated interest rates are causing customers to defer their large discretionary projects," UBS analyst Michael Lasser said. "This means that a recovery should be robust as interest rates move lower." "Existing home sales also continue to be a material headwind to remodel activity as long as interest rates remain relatively high," Badishkanian said.

Persons: Richard McPhail couldn't, McPhail, Marvin Ellison, Bradley Thomas, Greg Melich, it's, Michael Lasser, Melich, bode, Wolfe, Greg Badishkanian, Badishkanian, Edward Decker, KeyBanc's Thomas, Ellison, Lowe's, Thomas, Lowe's Ellison Organizations: Home, Federal Reserve, Depot, CNBC, UBS, Home Depot, Wolfe Research, Lowe's, Pro, FactSet Locations: Lowe's, Friday's

☆ French Open Day 2: Nadal leaves Roland Garros door ajar, Andreescu returns
▼ + stars: | 2024-05-27 | by ( James Hansen | ) www.nytimes.com time to read: +6 min

🇺🇸 Chris Eubanks, 6-3, 6-3, 6-4🇺🇸 Chris Eubanks, 6-3, 6-3, 6-4 🇹🇳 Ons Jabeur (8) def. 🇬🇷 Maria Sakkari (6), 3-6, 6-4, 6-3🇬🇷 Maria Sakkari (6), 3-6, 6-4, 6-3 🇬🇷 Stefanos Tsitsipas (9) def. 🇨🇿 Karolina Pliskova, 3-6, 6-4, 6-2🇨🇿 Karolina Pliskova, 3-6, 6-4, 6-2 🇺🇸 Ben Shelton (15) def. 🇫🇷 Hugo Gaston, 3-6, 6-3, 6-4, 6-4Hugo Gaston, 3-6, 6-3, 6-4, 6-4 🇺🇸 Danielle Collins (11) def. 🇦🇺 Max Purcell, 6-2, 6-2, 3-6, 4-6, 7-6(10)Max Purcell, 6-2, 6-2, 3-6, 4-6, 7-6(10) 🇵🇱 Iga Swiatek (1) def.

Persons: Roland Garros, Chatrier, Rafael Nadal, Alexander Zverev, Nadal, Mateo Villalba, Bianca Andreescu, Serena Williams —, Andreescu, She’s, Robert Prange, Sara Sorribes Tormo, ”, “, Serena Williams, Leylah Fernandez, Denis Shapovalov, Felix Auger, Aliassime, Jack Draper, Andy Murray’s, Cameron Norrie, Pavel Kotov, Linda Noskova, Harriet Dart, Dan Evans, Katie Boulter, they’re, Evans, Holger Rune, Paula Badosa, Disappointment, Norrie, Andy Murray, Maria Sakkari, Varvara Gracheva, hasn’t, Maria, Elina S vitolina, 🇵, Erika, Elena R ybakin Organizations: Getty, U.S ., National Bank Locations: Philippe, Montreal, British, Rome

☆ Stan Wawrinka and Andy Murray share ‘emotional’ French Open embrace following Swiss’ win
▼ + stars: | 2024-05-27 | by ( Matias Grez | ) edition.cnn.com time to read: +2 min

CNN —Stan Wawrinka turned back the clock to play his “best match of the year” as he eased past fellow tour veteran Andy Murray 6-4 6-4 6-2 in the first round of the French Open. And, yeah, he’s [an] amazing guy, amazing player, such a big fighter. “I think I played my best match of the year,” Wawrinka, the 2017 French Open champion, added. It’s really positive for me.”Murray, playing in his first French Open since another first-round defeat to Wawrinka in 2020, suffered an early break of serve in each set and was never able to recover. “It was always going to be tough, tough match,” Murray said, per the BBC.

Persons: Stan Wawrinka, Andy Murray, Scot, he’s, Murray, Wawrinka, “ We’re, ” Wawrinka, ” Murray, Roland Garros, “ Stan, “, Cameron Norrie, Pavel Kotov, Brit Dan Evans Organizations: CNN, “, Miami Locations: Paris

☆ These are Wall Street's favorite travel and leisure stocks heading into the unofficial start of summer
▼ + stars: | 2024-05-24 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

A collection of travel-related stocks will likely be key beneficiaries as warm summer months arrive and as consumers start to go off on beach and mountain vacations. Shares of casino operator Las Vegas Sands have fallen 8.5% so far in 2024. LVS YTD mountain Las Vegas Sands stock. Umansky also lauded Las Vegas Sands' generation of free cash flow that can be used to buy back stock. VAC YTD mountain Marriott stock.

Persons: Vitaly Umansky, Umansky, Wall, FactSet, Aaron Hecht, Ryan Lambert Organizations: Entertainment, Vegas Sands, CNBC, FactSet, Seaport Securities, Sands, Marriott, JMP Securities, Hilton, JPMorgan, Madison Square Garden Sports Locations: Macao, Singapore, Vegas, Madison

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