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☆ Inflation data commands center stage next week and provides a test for the market rally
▼ + stars: | 2024-05-11 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

All three major U.S. stock indexes closed higher for the week, led by the Dow Jones Industrial Average . The Nasdaq Composite added 1.14% while the S & P 500 advanced 1.85% in a relatively quiet week of economic updates. Within the portfolio, Disney and Wynn Resorts released quarterly numbers; we took issue with the stock reaction to both reports. It also raises the stakes around major economic releases, such as next week's consumer inflation report. In the week ahead, earnings season continues — headlined by Walmart on Thursday — and inflation data will dominate the economic calendar.

Persons: We've, Jim Cramer, Dow Jones, we'll, We'll, Stanley Black, Decker, Jack, JACK, Arcutis, Spero, JD.com, Armour, Jim Cramer's, Jim, Carlo Allegri Organizations: Dow Jones, Nasdaq, Disney, Wynn Resorts, Procter, Procter & Gamble, Walmart, CPI, PPI, Club, Home Depot, Biotech Corporation, Music Entertainment, Central Puerto S.A, TeraWulf Inc, Paysafe Group Holdings, QuickLogic Corporation, Kopin Corp, Royalty Corp, Agilysys Inc, Crop Solutions Corp, Inovio Biomedical, Intercorp Financial, Lithium, Argentina ) Corp, Sea, Sony Group Corporation, SONY, Holding, HudBay Minerals, Autolus Therapeutics, Game Technology, Nu Holdings, Dragonfly Energy Holdings Corp, Bakkt Holdings, Prestige Consumer Healthcare, SilverCrest Metals, Inc, Mining Corp, Acurx Pharmaceuticals, Cresco Labs, Dole plc, DOLE, Arcos Dorados Holdings, ARCO, Cisco Systems, Grab Holdings, Copa Holdings S.A, Technologies, Iris Energy, KORE Group, Super, Spero Therapeutics, ZTO, Baidu, Deere & Company, NICE, Lightspeed Commerce, Ship Lease, Canada Goose Holdings, Drainage Systems, Consolidated Water Co, Outlook Therapeutics, Despegar.com, Corp, DXC Technology Company, Flowers Foods, Bruker Corporation, WYNN, CNBC, Foods Locations: Procter &, Central, Cayman, Lithium Americas, Argentina, Manhattan, New York City

☆ The Balmain dress Elle Fanning wore to the Met Gala has a long history
▼ + stars: | 2024-05-09 | by ( Leah Dolan | ) edition.cnn.com time to read: +6 min

For Elle Fanning, who showed up to Monday night’s Met Gala in a completely transparent Balmain gown, it was the latter. Behold: The naked dress (or in Redmayne’s case, naked suit). In 1962, Hollywood actor Carroll Baker was photographed in one of the first ever naked dresses — also designed by Balmain. Balmain just designed the 8th one.”Hollywood starlet Caroll Baker also wore one of Balmain's transparent dress designs in 1962. Her sheer Balmain dress turned heads — and generated headlines.

Persons: it’s, Elle Fanning, Fanning, Emily Ratajkowski, Kim Kardashian, Doja, Phoebe Dyvenor, Greta Lee, Eddie Redmayne, Theo Wargo, Miley Cyrus, Jennifer Lawrence, Vanessa Hudgens, Florence Pugh, Kendall Jenner, Charli, Charlize Theron, Iris Law, Carroll Baker, —, Baker, Pierre Balmain, “, sparkles, ”, Caroll Baker, Spencer, “ Carroll, Yves Saint Laurent didn’t, Mary Quant, Edie Sedgwick, Trevor Humphries, Baker’s, nonchalantly Organizations: CNN, Balmain, Hollywood, Dior, Hulton, New York Times, Production, Paramount, Fox, MGM, Warner Brothers Locations: Prada, Paris, London, Balmain, British, America, Europe, Hollywood, Baker’s

☆ Meet Mona Patel, the tech entrepreneur and philanthropist who stole the show at the Met Gala
▼ + stars: | 2024-05-09 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +4 min

Read previewOn Monday night, the biggest fashion event of the year took place in New York City: the Met Gala . AdvertisementBut few made as many waves as Mona Patel, an entrepreneur who wore a custom Iris van Herpen gown to her first Met Gala. Mona Patel attends the 2024 Met Gala. Mona Patel turned heads at the 2024 Met GalaThanks to the dramatic ensemble she wore to make her Met Gala debut, Patel was among the most talked-about attendees of the event. Mona Patel at the 2024 Met Gala.

Persons: —, Mona Patel, Iris van Herpen, Patel, Sean Zanni, Vogue, Anna Wintour, Emma, John Shearer, Casey Curran, Mike Coppola, Chris Martin, Edgar Martin, Sidney Jamila, Roach — Zendaya's, Roach Organizations: Service, Metropolitan Museum, Art's Costume, Business, Rutgers University, Haute Mona, Forbes, LinkedIn, Harvard Business School, Stanford Graduate School of Business, MIT Sloan School of Management, CareFirst, Couture, Vogue India Locations: New York City, India, Florida, Mumbai

☆ This entrepreneur was actually the best-dressed person on the 2024 Met Gala red carpet
▼ + stars: | 2024-05-07 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +4 min

Read previewThe 2024 Met Gala came and went in a flash of glamorous red-carpet fashion. AdvertisementBut one of the best takes came from Mona Patel, a philanthropist and entrepreneur who made her Met Gala debut. Related storiesHer work in the fashion world led her to the 2024 Met Gala, where she arrived in a custom Iris van Herpen couture gown. AdvertisementMona Patel on the 2024 Met Gala red carpet. Mona Patel walks up the steps at the Met Gala 2024.

Persons: —, J.G . Ballard, Mona Patel, Patel, Iris van Herpen, Iris, Dimitrios Kambouris, Casey Curran, Cindy Ord, MG24, Roach, Law Roach, Zendaya's, he's, Chris Martin, Edgar Martin Organizations: Service, Metropolitan Museum of Art, Vogue, Business, Haute Mona, Forbes, The Met Museum, Vogue India, Vogue Fashion, Zendaya's Locations: India, Mumbai

☆ How Not to Be a Selfish Gardener - The New York Times
▼ + stars: | 2024-05-02 | by ( Olivia Laing | ) www.nytimes.com time to read: +3 min

The idea of the garden as a place of sinister seclusion has found its way to the world of high fashion. In Ballard’s characteristically bleak tale, a desperate mob advances on an elegant garden, where Count Axel and his wife live out a civilized, secluded existence. The selfish gardener of the 21st century creates idyllic vistas that rely on fertilizers and pesticides that poison the wider ecosystem or demand water in a time of drought. In her gripping memoir of the Second World War, “War in Val d’Orcia,” she describes a similar tide of desperate humanity approaching her garden gate. Unlike Ballard’s Count Axel, she didn’t seek to repel them, retiring to the library to dust her statues.

Persons: J.G ., Count Axel, Anna Wintour, Iris Origo, Val d’Orcia, Christopher Lloyd, Fergus Garrett, Garrett Organizations: Vogue Locations: J.G . Ballard, La Foce, Tuscany, Val, England

☆ How One Reaction to a Mural Tore a New England Town Apart
▼ + stars: | 2024-04-28 | by ( Jenna Russell | John Tully | ) www.nytimes.com time to read: 1 min

Few were present at the select board meeting in Littleton, N.H., last August when Carrie Gendreau, one of its members, began to talk about a mural that had recently been painted on the side of a building downtown. Its subject matter — a blooming iris, dandelions, birch trees — did not seem controversial. But for Ms. Gendreau, 62, who was also a state senator representing northern New Hampshire, the mural had set off alarms. She was certain there were subversive messages in its imagery, planted there by the nonprofit group that had planned and paid for it. The group was North Country Pride, founded four years ago to build more visible support for lesbian, gay, bisexual and transgender people in the rural region.

Persons: Carrie Gendreau, Gendreau Organizations: North Country Pride Locations: Littleton, N.H, New Hampshire

☆ Crypto prices gain to start the week following first Bitcoin halving since 2020
▼ + stars: | 2024-04-22 | by ( Tanaya Macheel | ) www.cnbc.com time to read: 1 min

Bitcoin rose slightly to start the week after the network on Friday completed its fourth ever halving, which reduces the incentives paid to bitcoin miners. The price of the cryptocurrency was last higher by 1.8% at $65,891.28, according to Coin Metrics. Shares of public cryptocurrency miners got a lift premarket Monday, after rallying into the close Friday before the halving, which took place later that day. The biggest miners, Marathon Digital and Riot Platforms , gained about 3% and 5%, respectively. CleanSpark and Iris Energy increased 3% and 4%, respectively.

Persons: CleanSpark Organizations: Metrics, Marathon, Iris Energy

☆ The Bitcoin network completes the fourth-ever ‘halving’ of rewards to miners
▼ + stars: | 2024-04-19 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

watch nowThe Bitcoin network on Friday evening completed its fourth "halving," reducing the rewards earned by miners to 3.125 bitcoins from 6.25. After the 2012, 2016 and 2020 halvings, the bitcoin price ran up about 93x, 30x and 8x, respectively, from its halving day price to its cycle top. Hash rates are a measure of the computational power used to process transactions on the bitcoin network. "The market so far has seen bitcoin mining stocks as mere BTC proxies, in absence of bitcoin ETFs," said Bernstein analyst Gautam Chhugani. "[The] Bitcoin halving is already partially priced in by the market and we do not expect prices to increase significantly following the halving event," the firm's Marion Laboure said in a note Thursday, adding that it "has been widely anticipated in advance due to the nature of the Bitcoin algorithm."

Persons: Reginald Smith, Bernstein, Gautam Chhugani, MARA, Nikolaos Panigirtzoglou, Marion Laboure Organizations: Metrics, JPMorgan, BTC, IRIS, Deutsche Bank Locations: Friday's

☆ JPMorgan likes these mining stocks to play the upcoming bitcoin halving
▼ + stars: | 2024-04-18 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

While most of the public cryptocurrency miners are positioned to survive the supply shock of the bitcoin halving, JPMorgan has named its top picks. "With the bitcoin halving on the horizon, we expect heightened volatility and trading volume in both bitcoin and mining stocks," Reginald Smith, an analyst at JPMorgan, said in a note this week. The bitcoin halving is estimated to take place in the next couple of days , and mining companies are preparing for reduced rewards revenue that will follow the event. Nevertheless, uncertainty ahead of the halving has pressured mining stocks, most of which are down double digits for the year. The halving occurs when incentives for bitcoin miners shrink to 3.125 newly created bitcoins — or about $20,000 at Thursday morning's prices — from 6.25, as mandated by the code of the bitcoin blockchain.

Persons: Reginald Smith, Smith, Iris, Iris Energy, MARA, CleanSpark, — CNBC's Michael Bloom Organizations: JPMorgan, Iris Energy, Iris

☆ Stocks making the biggest moves midday: Duolingo, JetBlue, Tesla, D.R. Horton and more
▼ + stars: | 2024-04-18 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

JetBlue Airways — Shares jumped 4.1% after JPMorgan upgraded the airline to neutral from underperform, saying it likes its turnaround potential. Barnes Group — The global industrial tech and aerospace stock jumped 9.3% after DA Davidson upgraded the company to buy from neutral, saying shares are attractive. Blackstone — The asset manager slipped 2.3% after lowering its dividend to 83 cents per share from 94 cents per share. Horton exceeded expectations in its fiscal second quarter, posting earnings of $3.52 per share on revenue of $9.11 billion. Elevance Health — Shares jumped 3.2% after the health insurance company posted an earnings beat and raised its full-year guidance.

Persons: Estee Lauder, Tesla, Emmanuel Rosner, Rosner, Davidson, Blackstone, Horton —, Horton, LSEG, Morgan Stanley, Donald Trump's, —, Samantha Subin, Brian Evans, Hakyung Kim, Lisa Kailai Han Organizations: JPMorgan, Taiwan Semiconductor Manufacturing, JetBlue Airways —, Iris Energy, Deutsche Bank, Google, Meta, Reuters, Group, Alaska Air Group, Revenue, BJ's Wholesale, eBay, — Rosenblatt Securities, Trump Media & Technology, Truth Social Locations: Taiwan, Alaska

☆ Bitcoin miners’ main revenue stream is about to be slashed. Here’s what investors need to know
▼ + stars: | 2024-04-17 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

The bitcoin halving is set to take place in the next few days, which will cut miners' main stream of revenue in half. "We believe a bitcoin price above $60,000-$65,000 means the halving is de-risked for nearly all public miners," Needham analyst John Todaro wrote in a note to clients on Tuesday. It currently costs miners between $36,000 and $52,700 to mine a single bitcoin, Todaro said. Miners offer amplified exposure to bitcoin's price action, which has been more volatile since the launch of bitcoin ETFs introduced more leverage to the market. "That's propelled bitcoin to a threshold where the miners are really generating healthy economics," said Colonnese.

Persons: —, Needham, John Todaro, Todaro, Iris, Mike Colonnese, Wainwright, Iris Energy, bitcoin, it's, — CNBC's Michael Bloom Organizations: Marathon, Iris Energy, Cipher Mining, Miners, H.C, Iris, JPMorgan Locations: exahash

☆ Families of dead American hostages plead for the return of their bodies: ‘We can’t even mourn’
▼ + stars: | 2024-04-11 | by ( Mj Lee | ) edition.cnn.com time to read: +8 min

Weinstein Haggai and her three siblings did not participate but watched the recordings of the Zoom gatherings afterward. Three American hostages have been confirmed dead so far: Judi Weinstein Haggai, Gadi Haggai and Itay Chen, all dual Israel-American citizens. I need to make sure that they have a respectful burial; they’re laid to rest,” Weinstein Haggai said. After receiving the devastating news, the Chen family opened up their home for several days for family and friends to stop by. Like Chen, Weinstein Haggai is sickened by the idea of her parents’ bodies being stuck somewhere in Gaza.

Persons: Washington CNN — Iris Weinstein Haggai, Gadi, Judi, Weinstein Haggai, Weinstein, Gadi’s, –, peaceniks ”, ” Weinstein Haggai, “, ” Andrea Weinstein, Judi’s, ” Weinstein, Judi Weinstein Haggai, Itay Chen, they’re, I’m, ”, Chen, ‘, Ruby Chen, Kamala Harris, Joe Biden’s, Jake Sullivan, Sullivan, Itay, Harris, ” Chen, ” “, Harris “, Gadi Haggai, haikus –, Andrea Weinstein, Ruby, Hagit Chen, ” Hagit Chen, Jake Tapper, “ That’s, Yom Organizations: Washington CNN, CNN, Biden, US, White Locations: Toronto, Connecticut, Israel, Washington ,, Qatar, Egypt, Gaza

CNN —Botswana’s President Mokgweetsi Masisi has threatened to send 20,000 elephants to Germany amid a dispute over the import of hunting trophies. ”Twenty thousand elephants for Germany, this is not a joke,” Masisi told German tabloid Bild. Lenin Nolly/Sipa USA/AP/FileMasisi told Bild that Germany’s Green party could learn to cohabitate with elephants without hunting them. According to the ministry, Germany is one of the largest importers of hunting trophies in the European Union, and African hunting trophies already require import authorization under current rules. Trophy hunting does not come close to diminishing the elephant population, Masisi told broadcaster Sky News.

Persons: CNN —, Mokgweetsi Masisi, ” Masisi, –, Steffi Lemke, Lenin, Masisi, ”, Murat Ozgur Guvendik, “, ” Botswana’s, Botswana’s, Iris Throm, Mary Rice, Rice, Bild, you’d Organizations: CNN, Green, Getty, Botswana’s Ministry of Environment, Tourism, European Union, Germany’s Federal Agency for Nature, Environmental Investigation Agency, Sky News, Convention, International Trade, Fauna Locations: Germany, Berlin, Botswana, Masisi, Anadolu, Angola, Mozambique

CNN —Eight Chinese migrants have been found dead on the coast of southern Mexico, authorities said, after their boat capsized along a popular but perilous route for illegally entering the United States. One Chinese man survived the trip, the statement said. The prosecutor’s office said it was working with federal agencies to investigate the incident and the Chinese embassy in Mexico to identify the bodies. The number of Chinese migrants illegally entering the US from Mexico has skyrocketed in recent years. The influx of Chinese migrants spotlights the urgency many now feel to leave their homeland, even amid what Chinese leader Xi Jinping has claimed is a “national rejuvenation.”Many Chinese who left the country point to a struggle to survive.

Persons: San Francisco del, Iris Wang, Wang, “, ”, Xi Jinping, –, Communist Party’s, China’s, Xi Organizations: CNN, Communist Locations: Mexico, United States, San Francisco, San Francisco del Mar, Oaxaca, Mexican, Tapachula, Chiapas, Guatemala, Venezuela, China

Like tech stocks, bitcoin sometimes benefits from low interest rates and improved market liquidity, which can lead to better sentiment and greater investment in growth assets. Stock Chart Icon Stock chart icon Bitcoin turns higher after two days of losses"There has been an inverse relationship between rates and bitcoin price," said Oppenheimer executive director Owen Lau. "When the Fed increased interest rates in 2022, it took out liquidity from the market, which impacted bitcoin and tech stocks. When the Fed cuts rates, it provides liquidity to the market, which should benefit risky assets such as bitcoin. The Dow Jones Industrial Average , S&P 500 and Nasdaq Composite all closed at record highs after the Fed meeting wrapped up.

Persons: Bitcoin, cryptocurrency, Cryptocurrencies, Oppenheimer, Owen Lau, It's, Ether, Solana, dogecoin, MicroStrategy, CleanSpark, bitcoin, We've, Vijay Ayyar Organizations: Getty, Metrics, Federal, Polygon's, Iris Energy, Marathon, JPMorgan, Dow Jones, Nasdaq, CNBC

☆ Stocks making the biggest moves midday: Tesla, GE HealthCare, Coinbase and more
▼ + stars: | 2024-03-13 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Crypto stocks — Stocks whose performance is tied to the price of bitcoin rose as the cryptocurrency pushed to another record for the third day in a row. Dollar Tree posted adjusted earnings of $2.55 per share on $8.64 billion of revenue for the fourth quarter. Analysts surveyed by LSEG, formerly known as Refinitiv, had penciled in $2.65 per share on $8.67 billion in revenue. GE HealthCare — Shares dropped 3% after the medtech company announced a secondary offering of 13 million shares. Analysts had expected earnings of 2 cents per share on revenue of $1.62 billion, per LSEG.

Persons: Coinbase, MicroStrategy, CleanSpark, Baird, Goldman Sachs, Wells, Raymond James, —, Alex Harring, Brian Evans, Samantha Subin, Yun Li, Lisa Kailai Han, Pia Singh, Michelle Fox Organizations: Marathon, Iris Energy, Texas, Nvidia, Devices, Micron Technology —, Micron, AMD, LSEG, GE, —, GE HealthCare Technologies, General Electric, Royal, Petco, Wellness Locations: Kentucky, Royal Caribbean

☆ Stocks making the biggest moves premarket: Dollar Tree, Petco, Tesla and more
▼ + stars: | 2024-03-13 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines before the bell: Dollar Tree — Shares dropped 7% after the discount retailer posted disappointing quarterly results and announced the closure of several stores. Dollar Tree also said it plans to close nearly 1,000 stores. Texas Roadhouse — Shares gained 1.5% after Baird upgraded the restaurant chain to outperform, citing the strength of its relatively strong traffic. Eli Lilly , Amazon — Eli Lilly on Wednesday said it's partnering with Amazon Pharmacy to help deliver certain prescription drugs, including weight loss treatment Zepbound . Shares of Eli Lilly gained nearly 1%, while Amazon shares were slightly lower.

Persons: LSEG, Wells, Goldman Sachs, Bitdeer, Baird, Eli Lilly, — CNBC's Michelle Fox, Fred Imbert, Tanaya Macheel Organizations: Petco, Wellness, Royal, Marathon, Iris Energy, GE Healthcare Technologies, GE HealthCare Technologies, Texas, Amazon Pharmacy Locations: Royal Caribbean

☆ Things really aren't going to plan for Sam Altman's strange eyeball-scanning orb
▼ + stars: | 2024-03-07 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +1 min

Sam Altman's Worldcoin project has been banned in Spain over privacy concerns. NEW LOOK 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 . AdvertisementSam Altman's futuristic Worldcoin project has just been banned in Spain. On Wednesday, Spanish data protection regulator AEPD cited concerns around Altman's iris-scanning orb and ordered Worldcoin to immediately cease the collection of personal information in the country for at least three months.

Persons: Sam Altman's, —, Sam, Worldcoin Organizations: Service, Business Locations: Spain

☆ Jack Black reveals his all-time favorite costar
▼ + stars: | 2024-03-05 | by ( Marianne Garvey | ) edition.cnn.com time to read: +1 min

CNN —Jack Black had some kind words to say about one of his former castmates. The “Kung-Fu Panda 4” star told “Entertainment Tonight” that one actress immediately came to mind when he was asked who his favorite costar has been. She was my favorite co-star I’ve ever had because when you look in her eyes, she was like really present. I feel like if you look into my eyes, you just see a shadow of a robot,” Black said. “Kung-Fu Panda 4” hits theaters on March 8.

Persons: Jack Black, “ Kate Winslet, I’ve, ” Black, Matt Winkelmeyer, Henry Nicholls, ”, Iris, Cameron Diaz, Black’s, Miles, endearingly, “, Po, that’s, “ Kung Organizations: CNN, “ Entertainment Locations: Los Angeles

☆ Stocks making the biggest moves midday: Macy's, Super Micro Computer, Lyft, DoorDash and more
▼ + stars: | 2024-03-04 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Super Micro Computer , Deckers Outdoor — The technology firm and athletic footwear designer respectively popped 27% and nearly 3% after S & P Dow Jones Indices announced Friday that the two stocks would be added to the S & P 500 on March 18. Super Micro Computer and Deckers Outdoor will replace Zions Bancorpation and Whirlpool , which will move to the S & P MidCap 400 Index. Macy's — Shares skyrocketed 16% after Arkhouse Management said it and Brigade Capital Management have raised their offer for the department store . DoorDash — Shares jumped more than 5% after RBC upgraded the food delivery company to outperform from sector perform. Lyft — The ride-sharing platform added 6% after RBC upgraded the stock to an outperform rating from sector perform.

Persons: Dow, Zions, —, Lyft, Morgan Stanley, Li, Piper Sandler, Ford, CNBC's Michelle Fox, Alexander Harring, Hakyung Kim, Tanaya Macheel, Yun Li, Jesse Pound, Samantha Subin Organizations: Micro Computer, Dow Jones, Whirlpool, Arkhouse Management, Brigade Capital Management, Apple, European, Miners, Marathon Digital, Cipher Mining, Iris Energy, RBC, Kyverna Therapeutics, Wells, JPMorgan, Ferrari —, Citi, Li Auto, Dutch Bros, American Airlines —, Max Locations: Wells Fargo

☆ Bitcoin tops $65,000 as it nears 2021 all-time high
▼ + stars: | 2024-03-04 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Earlier, it rose to as much as $65,658.10, its highest level since November 2021. The price of bitcoin rose to start the week, edging even closer to its all-time high after the rally took a breather over the weekend. "What we're seeing today ... might well be a rerun of early last week when bitcoin surged $10,000 in the space of a couple of days. Investors have been extra eager to see bitcoin approach its all-time high. Nevertheless, long-term investors are confident that the combination of increasing demand for bitcoin through the new U.S. exchange-traded funds and a tighter supply expected after the April halving event will push the price of bitcoin to a new all-time high.

Persons: bitcoin, cryptocurrency, Antoni Trenchev, Crypto, David Duong, Dogecoin, Shiba, CleanSpark Organizations: Metrics, Nasdaq, Marathon Digital, Iris Energy

☆ Stocks making the biggest moves premarket: Super Micro Computer, Deckers Outdoor, Macy's and more
▼ + stars: | 2024-03-04 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Super Micro Computer , Deckers Outdoor — Shares of Super Micro Computer and Deckers Outdoor jumped 12% and 5%, respectively, after S & P Dow Jones Indices said Friday the two companies would be added to the S & P 500 later this month. They will replace Whirlpool and Zion Bancorp, which will move to the S & P MidCap 400 index as of the March 18 open. Macy's — Macy's stock skyrocketed nearly 17% after Arkhouse Management upped its buyout offer for the department store chain to $24 from $21 a share, or about $6.6 billion. Crypto stocks – Companies whose performance is tied to the price of bitcoin rose in premarket trading after the cryptocurrency touched another two-year high . Spirit AeroSystems , Boeing — Shares of the fuselage maker rose nearly 3%.

Persons: Dow, CleanSpark, AeroSystems, Lyft, Morgan Stanley, Li Auto, Piper Sandler, Brian Mullan, — CNBC's Lisa Han, Fred Imbert, Tanaya, Hakyung Kim, Jesse Pound, Michelle Fox Organizations: Micro Computer, Dow Jones, Whirlpool, Zion Bancorp, Arkhouse Management, Apple, European Commission, Marathon, Iris Energy, RBC, Boeing —, Boeing, Max, —, Citi, Li Auto, Li, Mobile

☆ The Verdict on the New Alexander McQueen
▼ + stars: | 2024-03-03 | by ( Vanessa Friedman | ) www.nytimes.com time to read: +1 min

I was thinking about that a lot over the weekend, in part because of the designers here who, like Ms. Apfel, have built empires (or at least small fiefs) on a willingness to go their own way — Rick Owens, Yohji Yamamoto. Designers with a deep understanding of the rules and history of fashion and an equally powerful ability to rewrite both, and to imagine a different world. One whose uniforms can look bizarre and outrageous, but which create a sense of thrilling possibility: clothes like permission slips to think out of the box. And also because in Seán McGirr’s debut at Alexander McQueen, a house that once did all of the above, it got so very garbled. A McQueen MisstepMr. McGirr had the complicated job of taking over from Sarah Burton, the longtime deputy to Mr. McQueen, who had stabilized the brand after the designer’s suicide in 2010 and made it her own, adding a touch of grace to the angry romance and soaring imagination that traversed heaven and earth and that, combined with great technical proficiency, defined the McQueen name.

Persons: Iris Apfel, Apfel, Rick Owens, Yohji Yamamoto, Alexander McQueen, McQueen, Mr, McGirr, Sarah Burton Organizations: Paris, Designers

☆ Fashion icon Iris Apfel dies at 102
▼ + stars: | 2024-03-01 | by ( Hilary Whiteman | ) edition.cnn.com time to read: +5 min

Apfel died on Friday at the age of 102, according to a post on her verified Instagram page. “I go at it full, I’m very passionate about what I do,” Apfel told CNN in an interview in 2018. Jemal Countess/WireImage/Getty Images“(Styling the White House) was a relatively easy job actually, because everything had to be as close as humanly possible to the way it was,” Apfel told the Guardian in 2015. The exhibition, “Rara Avis (Rare Bird),” was the first time the museum had paid tribute to a living woman who was not a fashion designer. Apfel front row at New York Fashion Week with model Karolina Kurkova in 2016.

Persons: Iris Apfel, Apfel, Stu Loeser, “, ” Apfel, Iris, Samuel, Carl Apfel, ”, Estée Lauder, Greta Garbo, Jemal, WireImage, Jackie Kennedy, Harold Koda, Koda, “ Rara, Karolina Kurkova, Michael Stewart, Kate Spade, Kloss, Joan Smalls, Chrissy Teigen, Bella, Gigi Hadid, … Organizations: CNN, New York Times, Guardian, New York’s Metropolitan Museum of Art, Met, “ Rara Avis, New York, MAC Cosmetics, Home Shopping, Vogue Italia, IMG Locations: Palm Beach , Florida, Queens , New York

☆ What’s next for movie theater operators like AMC after the ‘Barbenheimer’ money runs out?
▼ + stars: | 2024-02-28 | by ( Samantha Delouya | ) edition.cnn.com time to read: +6 min

AMC Entertainment, often viewed as a bellwether for the industry as the world’s largest movie theater chain, is not immune to those challenges. Taylor Swift attends "Taylor Swift: The Eras Tour" Concert Movie World Premiere at AMC The Grove 14 on October 11, 2023 in Los Angeles, California. While box office revenues have not yet recovered to pre-pandemic levels, until this year, they had been on an upward trajectory. Wold lowered his projection for the domestic box office to $8.6 billion, down from $8.9 billion earned in 2023. Upping the showmanshipDespite the box office slowdown this year, AMC found itself at the center of yet another viral moment earlier this month.

Persons: “ Barbie ”, “ Oppenheimer, ”, ’, It’s, “ Barbenheimer, Taylor, Taylor Swift, Matt Winkelmeyer, Adam Aron, ” Aron, “, Paul Dergarabedian, Eric Wold, Riley, Wold, Barbie, Iris Schneider, Dergarabedian, “ There’s, Deadpool, Barbie ”, Alicia Reese, Michael O’Leary Organizations: CNN, AMC Entertainment, AMC, Hollywood, ZUMA, Warner Bros, Dodge, Wedbush, Dolby, National Association of Theatre Owners Locations: Los Angeles , California

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