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That's pushed tech heavyweights and Club names such as Apple , Nvidia , Microsoft and Broadcom higher and the S & P 500 to record highs along with them. The market-cap weighted S & P 500, which we report on all time, has gained more than 4% since May 30. But, a version of the index that assigns each company the same influence, known as the S & P 500 Equal-Weight , has advanced only around 1%. The divergence helps explain why our trusted momentum indicator, the S & P Short Range Oscillator , has been closer to oversold territory than overbought during the run higher. Recent years haven't been so kind to them, with the stock underperforming the S & P 500 considerably over the past three years.

Persons: That's, Morgan Stanley, Wells, Banks, Abbott, We've, Lingo, Stanley Black, Decker, DuPont, DuPont —, Ed Breen, Lori Koch, Vimal Kapur, Jim Cramer, Darius Adamczyk, haven't, Jim Cramer's, Jim, Johannes Eisele Organizations: Apple, Nvidia, Microsoft, Broadcom, Wall Street, Federal, Abbott, Abbott Labs, Mizuho Securities, DuPont, Honeywell, Systems, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Wall, Afp, Getty Locations: Dover, Wells Fargo, Missouri, Abbott's, U.S, Decker, New York City

☆ It will take 'an awful lot of good data' for the Fed to ease in September, says KPMG's Diane Swonk
▼ + stars: | 2024-06-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt will take 'an awful lot of good data' for the Fed to ease in September, says KPMG's Diane SwonkLori Calvasina, RBC Capital Markets head of U.S. equity strategy, and Diane Swonk, KPMG chief economist, join 'Squawk on the Street' to discuss the thesis that the economy is normalizing along the lines of inflation, how the equity market is digesting macroeconomic news, and much more.

Persons: Diane Swonk Lori Calvasina, Diane Swonk Organizations: RBC Capital Markets, KPMG

☆ His wife had a common skin condition and tried expensive creams for over 20 years. She became 'patient zero' for his personalized skincare company — and had clear skin in a month.
▼ + stars: | 2024-06-17 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +10 min

For 20 years after getting pregnant, Cherry Jia tried everything to fade the dark patches on her face. After giving birth to her son, she had melasma, a fairly common skin discoloration caused by hormonal fluctuations during pregnancy. The treatments they sold for dark spots had no effect on her skin. Jia said Musely's top-selling products treat aging concerns like dark spots, rosacea, and hair thinning. MuselyPart of the boom comes from the desire for products that target specific skin concerns, like dark spots or wrinkles.

Persons: Musely, —, Cherry Jia, she'd, Jack Jia, Cherry, Jack Jia Jia, Marie Jhin, he'd, Jhin, Lori Bush, Kimber Maderazzo, dermatologists, Jia, Jhin . Cherry Jia's, Jack Jia's, Musely Jia, estriol, they've, isn't, it's Organizations: Healthcare, Service, Musely, Jhin, FDA, New York Times Locations: drugstores

While the concerts and races kick off on July 6, there are still a few avenues for how to buy NASCAR Chicago Street Race tickets. We've got you covered if you're looking for how to get tickets to NASCAR Chicago Street Race weekend 2024. The 2024 NASCAR Chicago Street Race offers three main general admission ticket options: Saturday-only tickets (NASCAR Xfinity Series race), Sunday-only tickets (Grant Park 165), and two-day passes. Date City Vivid Seats prices StubHub prices Time July 6, 2024 Chicago, Illinois $152 $142 8:45 a.m. July 7, 2024 Chicago, Illinois $138 $91 9:00 a.m. July 6 & 7, 2024 Chicago, Illinois $94 $416 8:45 a.m./9:00 a.m.How to buy tickets for NASCAR Chicago Street Race 2024You can buy original NASCAR Chicago Street Race 2024 tickets directly through the event's website. This year's NASCAR Chicago Street Race event has an incredible lineup of musical performances on July 6 and 7.

Persons: New Zealander Shane van Gisbergen, Kyle Larson, We've, they'll, Buddy Guy, Bill, Byron Stingily, Chip E, Curtis McClain, Dajae, D, Lori Branch, Lidell Townsell, Marshall Jefferson, Maurice Joshua, Ralphi Rosario, Wayne Williams, White Knight, Chuck, Roberts, Keith Urban, Lauren Alaina Organizations: Business, NASCAR Chicago, NASCAR Chicago Street, NASCAR, Grant, New, NASCAR Chicago Street Race, Chicago Locations: New Zealander, Chicago, Illinois, Ten, White

☆ Site of Parkland Shooting to Be Torn Down
▼ + stars: | 2024-06-14 | by ( Isabelle Taft | ) www.nytimes.com time to read: +1 min

Six years after a gunman killed 17 people at a Parkland, Fla., high school in one of the deadliest school shootings in American history, the site of the attack is being torn down. The demolition of the former freshman building at Marjory Stoneman Douglas High School was scheduled to begin on Friday and was expected to take a few weeks to complete, Broward County school district officials said in a statement. Rather than using explosives, workers plan to tear down the three-story building piece by piece, officials said, starting with the top floor. Officials had originally planned to start taking down the building on Thursday, but flooding and severe weather across South Florida delayed the start of work. Her 17-year-old son now attends Stoneman Douglas High, and Ms. Alhadeff says she has long been ready to see the former freshman building come down.

Persons: Marjory Stoneman, Lori Alhadeff, Alyssa, Stoneman Douglas, Alhadeff Organizations: Marjory Stoneman Douglas High School, Broward Locations: Parkland, Fla, Broward County, South Florida

☆ Fears are rising ocean freight rates may surpass $20,000 with no relief for global trade into 2025
▼ + stars: | 2024-06-13 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +7 min

Goetz Alebrand, head of ocean freight at DHL Global Forwarding Americas, said he is not optimistic freight rates will decline anytime soon. "It is unlikely that the situation will resolve itself soon and [ocean freight] rate levels might not ease up before Chinese New Year," Alebrand said. Air freight prices and demand are going higher According to freight intelligence firm Xeneta, China to North America air freight spot rates increased 43%, to $4.88 per kilogram, year-on-year in May. According to ocean freight data from FreightWaves SONAR, container bookings and freight orders from shippers to the ocean carriers are down 48% month-over-month. Xeneta data tracking ocean freight rates from the Far East to the U.S. East Coast, West Coast and Gulf Coast ports shows the historic run.

Persons: Joe Giddens, Paul Brashier, Brashier, Goetz Alebrand, Alebrand, Alan Murphy, Murphy, Peter Boockvar, Boockvar, We've, Nate Herman, Xeneta, Daniel Ives, Niall van de, van de, Good Hope Organizations: Federal Reserve, CNBC, ITS Logistics, DHL Global, Intelligence, Defense Intelligence, U.S ., Bleakley Financial, American Apparel and Footwear Association, Global, ", Apple, Wedbush Securities, Trade, Good Locations: Asia, Europe, Sea, Red, Africa, Shanghai, Rotterdam, Genoa, U.S . West Coast, East Coast, U.S, China, North America, U.S . East Coast , West Coast, Gulf Coast

☆ JPMorgan's Lori Beer just added 2 new tech leaders to her ranks. Meet the team behind the bank's AI future.
▼ + stars: | 2024-06-13 | by ( Bianca Chan | ) www.businessinsider.com time to read: +2 min

Shivananda held the same position at PayPal and will report to Lori Beer, JPMorgan's global chief information officer. AdvertisementIn April, Manoj Sindhwani was tapped to be the chief information officer of the Chief Data and Analytics Office. The new additions to Beer's leadership table are a sign that America's biggest bank is placing key executives who will play a crucial role in JPMorgan's AI future. A key piece to the AI puzzle is the Data and Analytics organization, formed last June and led by Teresa Heitsenrether, JPMorgan's firmwide chief data and analytics officer. Business Insider mapped out key tech executives at JPMorgan who report to Beer and help her lead the bank's massive tech org.

Persons: —, Andrew Lang, who's, Shivananda, Lori Beer, Manoj Sindhwani, Sindhwani, Jamie Dimon, JPM, Dimon, Teresa Heitsenrether, JPMorgan's, Beer Organizations: Service, JPMorgan, Sri, Business, PayPal, Analytics, Amazon, Amazon Alexa Locations: Sri Shivananda

☆ RBC's Lori Calvasina on why she's a 'tired bull'
▼ + stars: | 2024-06-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRBC's Lori Calvasina on why she's a 'tired bull'Lori Calvasina, RBC Capital Markets head of U.S. equity strategy, joins 'Squawk Box ' to discuss the latest market trends, why she's a 'tired bull', the Fed's inflation fight, and more.

Persons: Lori Calvasina Organizations: RBC Capital Markets

Gantry cranes stand in the APM Terminals yard at the Port of Mobile in Mobile, Alabama, U.S., on Thursday, July 20, 2017. This is another example of USMX members unilaterally circumventing our coast-wide Master Contract. A Maersk spokesman said in an emailed statement that APM Terminals remains "in full compliance with the ILA/USMX Master Contract." During a speech before union members that month, Daggett vowed the ILA would not take a back seat to anyone. The ILA indicated in its release that it will not meet with USMX until the "auto gate" issue is resolved.

Persons: Harold J, Daggett Organizations: APM, Port, Longshoremen's Association, United States Maritime Alliance, ILA, APM Terminals, Maersk, USMX, MSC Locations: Mobile, Mobile , Alabama, U.S, East Coast, Gulf Coast, Port of Mobile , Alabama, North America, Daggett, West Coast

☆ Analysts are warning there could be zero rate cuts in 2024 - and stocks could suffer if the Fed doesn't move
▼ + stars: | 2024-06-10 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Some analysts are eyeing zero rate cuts from the Fed this year. AdvertisementAfter the latest jobs report all but dismissed an interest rate cut in July, some analysts are taking it a step further, and expect no rate cuts at all this calendar year. That's more pessimistic than what investors continue to bet on, with fed fund futures indicating at least one 25-basis point rate cut to occur in 2024. According to market veteran Ed Yardeni, the Federal Reserve should "take a vacation," and leave interest rates unchanged through 2024, he told CNBC-TV18. AdvertisementMeanwhile, Catalyst Capital's David Miller agreed that the Fed shouldn't cut interest rates in 2024, citing that this would allow inflation to run hotter.

Persons: RBC's Lori Calvasina, —, That's, It's, Lori Calvasina, Ed Yardeni, Capital's David Miller, Mark Zandi, I've Organizations: Service, Bloomberg, Treasury, Federal, CNBC, TV18, Yardeni Research, Moody Analytics, Federal Reserve

☆ How therapy can boost happiness
▼ + stars: | 2024-06-09 | by ( Andrea Kane | ) edition.cnn.com time to read: +8 min

“(One) is that you’re going to go in, you’re going to download the problem of the week, and you’re going to leave, and you’re basically just complaining and getting validated for your complaints. Therapy helps to connect with othersModern times have created an epidemic of loneliness; the pandemic only made it worse. Therapy helps us see the big pictureTherapy helps people see that they are part of larger forces, and not simply individuals who formed with no external influences. “(Therapy) helps you to process that unfinished business.”She pointed out that our parents were human and often did what they learned from their parents. Therapy helps us control our storyOur life is a narrative, and therapy can help us make sense of it.

Persons: it’s, don’t, Lori Gottlieb, Sanjay Gupta, Gottlieb, I’m, ”, they’d, ” Gottlieb, you’re, you’ve, who’s, —, “, ’ ”, … they’re Organizations: CNN, Pew Research Center

☆ Endangered Republicans gamble backing Trump after guilty verdict as vulnerable Democrats remain cautious
▼ + stars: | 2024-06-09 | by ( Manu Raju | Annie Grayer | ) edition.cnn.com time to read: +10 min

CNN —Former President Donald Trump lost Rep. Mike Garcia’s district by more than 12 points four years ago. I’m the Republican,” said Rep. Lori Chavez-DeRemer, whose Oregon district Biden won by eight points in 2020, confirming she’s sticking with Trump after his conviction. Rep. Mike Lawler, whose New York district Biden carried by 10 points, sharply criticized the prosecution against Trump. Republicans in this camp believe there is no limit to how hard they can lean in to talking about Trump’s conviction and see the Trump verdict as a golden ticket. GOP Rep. Ralph Norman, a Republican hardliner from South Carolina, said Republicans would “absolutely” retaliate against Trump’s political enemies after November, including prosecutors.

Persons: Donald Trump’s, Manu Raju ”, Donald Trump, Mike Garcia’s, ” Garcia, Joe Biden, There’s, Biden, ”, John Duarte, Trump, “, Richard Hudson, ” Hudson, Suzan, ” George Whitesides, Garcia, Mike Garcia, ” Whitesides, “ Joe Biden who’s, “ who’s, I’m, Lori Chavez, DeRemer, Mike Lawler, ” Lawler, Celal, Bernie Moreno, Tim Sheehy, Sherrod Brown, Jon Tester, Sheehy, Tester, ” Tester, ” Brown, I’ve, Brown, Sen, Bob Casey, Stephanie Bice, Anna Moneymaker, Nick LaLota, Attorney Alvin Bragg, ” LaLota, Republican Sen, Thom Tillis, Mitch McConnell, ” Tillis, Mike Johnson, Jim Jordan, Johnson, – Jordan, Chip Roy, ” Roy, Marjorie Taylor Greene, ” Greene, Ralph Norman, ” Norman, Tesfaldet, Morgan Rimmer Organizations: CNN, California Republican, Trump, “, Republicans, Democrats, Biden, GOP, North Carolina Republican, ”, Democratic, of, Republican, Washington DC, Getty, New York, Manhattan, Attorney, Department of Justice, DOJ, Republican Party Locations: California, York, Washington, of California, Oregon, New York, Anadolu, Ohio, Montana, Pennsylvania, Washington , DC, New, Hill, South Carolina

☆ Buying a home in retirement: Here’s what it takes for retirees to get a mortgage
▼ + stars: | 2024-06-01 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +7 min

Lenders’ chief focus will be on your ability to repay your mortgage with your various sources of non-paycheck income. “When you qualify for a mortgage, it’s all based on your income,” said Melissa Cohn, regional vice president at William Raveis Mortgage. That ratio falls to between 43% and 45% if you’re taking out a jumbo loan, she added. What you should consider before taking out a mortgageEven before seeking a mortgage, get a good grasp on your expected monthly income and expenses in retirement. To get the truest reading on what makes financial sense, compare mortgage expenses to your investment returns on an after-tax basis, Stork noted.

Persons: ”, Jim Stork, homebuyers, you’ve, Melissa Cohn, we’ll, Fannie Mae, ” Cohn, Cohn, Mark Luscombe, Cohen, Lori Trawinski, Trawinski, you’re, Stork, ” Stork Organizations: New, New York CNN, National Association of Realtors, William, Mortgage, Social Security, Wolters, Kluwer, Accounting, AARP Locations: New York, Illinois, Florida

☆ Global trade data is revealing key info on the strength of the consumer economy
▼ + stars: | 2024-05-31 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGlobal trade data is revealing key info on the strength of the consumer economyAs peak shipping season arrives, data from critical supply chain players points to relatively healthy holiday spending, with some important caveats. CNBC's Lori Ann Larocco reports.

Persons: Lori Ann Larocco Organizations: Global

☆ We need to get beyond this Fed narrative and start looking ahead to 2025, says RBC's Lori Calvasina
▼ + stars: | 2024-05-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe need to get beyond this Fed narrative and start looking ahead to 2025, says RBC's Lori CalvasinaLori Calvasina, RBC Capital Markets head of US equity strategy, and Warren Pies, 3Fourteen Research co-founder, joins 'Closing Bell Overtime' to talk the day's market action.

Persons: RBC's Lori Calvasina Lori Calvasina, Warren Organizations: RBC Capital Markets, 3Fourteen Research

☆ 'All That' star Lori Beth Denberg calls out Nickelodeon executives for silencing her when she raised concerns about Dan Schneider
▼ + stars: | 2024-05-28 | by ( Olivia Singh | ) www.businessinsider.com time to read: +5 min

Read preview"All That" star Lori Beth Denberg is continuing to speak out about her negative experience at Nickelodeon and demanding accountability from the executives who were silent when she flagged concerns about Dan Schneider. In the interview, Denberg detailed the power imbalance in her dynamic with Schneider, the head writer of "All That," and said that he put her in several uncomfortable and inappropriate situations. Real accountability is what I'm speaking up for, so it doesn't continue to happen," Denberg added, tagging the Instagram accounts for Robbins, Hecht, Paramount Pictures, and Nickelodeon. Matt Sayles/Invision/APFollowing the conversation with Robbins, Denberg said that she had a meeting with Hecht, the then-president of Nickelodeon Entertainment, in 2000. Denberg didn't tell Robbins or Hecht about her sexual encounters with Schneider but reiterated her concern for Bynes.

Persons: —, Lori Beth Denberg, Dan Schneider, Denberg, Brian Robbins, Albie Hecht, BRIAN ROBBINS, ALBIE HECHT, Kate Taylor, Schneider, Robbins, Hecht, Discovery's, Taylor, Amanda Bynes, Bynes, gaunt, Matt Sayles, Invision Organizations: Service, Nickelodeon, Business, Paramount Pictures, Robbins Productions, Galen, Nickelodeon Entertainment, Spike, Paramount Global Locations: Los Angeles

☆ Bill Walton, one of basketball’s most eccentric characters, dies at 71
▼ + stars: | 2024-05-27 | by ( Jason Quick | ) www.nytimes.com time to read: +15 min

There was the satisfaction and appreciation of a team coming together to win the 1977 NBA title. The next day, before a Trail Blazers home game, Walton explained his emotions to a group of reporters. I regret the circumstances in which I left the Portland Trail Blazers’ family. “The Portland Trail Blazers deplore Bill Walton’s statement calling for the rejection of the United States Government. “And you are never the same again.”Related reading(Top photo of Bill Walton: NBA Photos / Getty Images)

Persons: Bill Walton, Walton, Adam Silver, Bill, Bill’s, Lori, Adam, Nate, Luke, Chris, ”, ” Walton, “, Ted Kulongoski, it’s, Jack Ramsay, Hank Delespinasse, Robert Parrish, Ricky Pierce, Eddie Johnson, Larry Bird, Kevin McHale, Steve James, Bird, Walton . Bird, James, ” James, Dave Twardzik, Tom Shanahan, don’t, Jack, Micki Scott, Patty Hearst, Walton’s, Herman Sarkowsky, Larry Weinberg, Harry Glickman, Bill Walton’s, Arthur Ashe, Kareem Abdul, Jabbar, Bill Russell, Muhammad Ali …, White, Hal Bock, …, Marty Glickman, —, Bill Walton's, Sir Isaac Newton’s, Fabricio Roberto, you’ve, Taylor, ” “ John Stockton Organizations: Fame, NBA, UCLA, Portland Trail Blazers, Boston Celtics, Naismith Hall of Fame, Blazers, The Athletic, Trail Blazers, Celtics, NCAA, Memphis State, Florida State, Getty, Philadelphia, Portland, LA Clippers, Sixth, Walton, Athletic, Associated Press, Wilshire, FBI, Scotts, Symbionese Liberation Army, United, United States Government, National Basketball Association, “ Sports, The Associated Press, New York Knicks, Prime Ticket Network, NBC, ABC, CBS, FOX, ESPN, Turner Sports Locations: La Mesa, Calif, Portland, Oregon, “, Blazermania, Los Angeles, Vietnam, United States, San Francisco, Walton, Utah, America

☆ Two-time NBA champion Bill Walton dead at 71
▼ + stars: | 2024-05-27 | by ( Corky Siemaszko | ) www.cnbc.com time to read: +1 min

LOS ANGELES, CALIFORNIA - APRIL 20: Bill Walton attends a basketball game between the Los Angeles Clippers and the Phoenix Suns at Crypto.com Arena on April 20, 2023 in Los Angeles, California. (Photo by Allen Berezovsky/Getty Images)Two-time NBA champion Bill Walton died after a "prolonged battle with cancer," the league announced Monday. Walton, who was 71, was with his family when he passed, NBA spokesperson Mark Broussard said in a statement. "Bill Walton was truly one of a kind," NBA Commissioner Adam Silver said in a statement. Walton is survived by his wife, Lori, and his sons Adam, Luke, Nate and Chris, according to the NBA.

Persons: Bill Walton, Allen Berezovsky, Walton, Mark Broussard, Adam Silver, Silver, Lori, Adam, Luke, Nate, Chris Organizations: Los Angeles Clippers, Phoenix Suns, Crypto.com Arena, NBA, Fame, Portland Trail Blazers, Boston Celtics Locations: ANGELES , CALIFORNIA, Los Angeles , California

☆ Stocks making the biggest moves before the bell: NVDA, LYV, SNOW
▼ + stars: | 2024-05-23 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Snowflake posted $829 million in revenue, while analysts polled by LSEG had called for $786 million. Adjusted earnings for the period came in at 14 cents a share, however, missing the consensus estimate by 4 cents. Beauty — The cosmetics maker added 3.4% after easily surpassing consensus forecasts from analysts surveyed by FactSet for the fiscal fourth quarter. posted 53 cents in earnings per share, excluding items, on $321.1 million in revenue, while analysts penciled in just 33 cents on $292.6 million in revenue. On top of that, LiveRamp offered firm revenue guidance for both the current quarter and full year.

Persons: Snowflake, LSEG, NetEase, FactSet, e.l.f, LiveRamp, Cytokinetics, Goldman Sachs, Morgan Stanley, Ed Bred, Lori Koch, Alibaba, GoodRX, —, Jesse Pound, Pia Singh, Yun Li, Tanaya Macheel, Sarah Min, Michelle Fox Organizations: Nvidia, Micro, Taiwan Semiconductor, Bloomberg, Department of Justice, of, News, Corp, JPMorgan, DuPont de Nemours, DuPont, Bloomberg News, Bank of America, RBC, Hasbro —, Hasbro Locations: Southern, of New York, —

☆ Sudden container crunch sends ocean freight rates soaring, setting off global trade alarm bells
▼ + stars: | 2024-05-23 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +8 min

AFP Contributor | AFP | Getty ImagesA perfect storm in global trade is creating a shipping container capacity crunch, fueling a sudden and surprise spike in ocean freight rates. Xeneta ocean freight rates show the rallying spot market and the widening spread between spot and long-term rates. An increase in ocean freight rejections shows the imbalance. Logistics price increases are ultimately passed onto the consumer and the dizzying freight rates during the pandemic were among factors cited by the Federal Reserve as a cause of inflation. The International Chamber of Shipping, which represents major ocean carriers, did not immediately respond to a request for comment.

Persons: Emily Stausbøll, Stausbøll, Goetz Alebrand, Alebrand, Judah Levine, Freightos, Levine, Wan Hai, HLS, Drewry, Jonathan Gold Organizations: AFP, Getty, U.S ., Xeneta, DHL, Shipping, Americas, DHL Global, CNBC, Federal Reserve, Orient Star Group, MSC, Chamber of Shipping, Honour, Carriers, Maritime Locations: Qingdao, Shandong province, AFP, Asia, U.S . West Coast, U.S, China, Malaysia, Singapore, Panama, Latin America, Europe, Chongqing, East Asia, South America, Africa, U.S . East Coast

☆ Peak season shipping demand is rising, and so are supply chain concerns, says DHL CEO
▼ + stars: | 2024-05-23 | by ( Lori Ann Larocco | Sara Lindsay | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPeak season shipping demand is rising, and so are supply chain concerns, says DHL CEODHL Express US CEO Greg Hewitt says shipping demand looks strong for peak season with orders coming in higher than the 'diminished' rate of the prior two years.

Persons: Greg Hewitt Organizations: DHL, DHL Express

☆ Stocks making the biggest moves after hours: Nvidia, Snowflake, VF Corp. and more
▼ + stars: | 2024-05-22 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines after the bell : Nvidia — The chipmaker added about 4% after announcing a 10-for-1 stock split . Nvidia also surpassed Wall Street's fiscal first-quarter estimates on the top and bottom lines, and it issued strong guidance for the current quarter. Fiscal first-quarter revenue surpassed the Street's expectations, coming in at $829 million, versus consensus estimates for $786 million, per LSEG. — The apparel and footwear company sank 9% after posting an unexpected loss for the recent quarter and revenue that fell short of Wall Street's estimates. VF Corp. posted a loss of 32 cents per share on $2.37 billion in revenue.

Persons: LSEG, FactSet, Synopsys, LiveRamp, Dow Jones, Goldman Sachs, Morgan Stanley, Ed Breen, Lori Koch, Breen, —, Darla Mercado, Sarah Min, Scott Schnipper, Christina Cheddar, Berk Organizations: Nvidia, Super Micro, Devices, Corp, VF Corp, LiveRamp Holdings, News Corp, JPMorgan, DuPont de Nemours, DuPont

☆ Election Updates: Trump prosecutor wins re-election and other takeaways from Tuesday’s contests.
▼ + stars: | 2024-05-22 | by ( Chris Cameron | ) www.nytimes.com time to read: +4 min

The protest vote against Mr. Biden there was nearly double that against Mr. Trump, who won about 85 percent of the vote in the Republican primary. Turnout also plunged in the Democratic primary, with about 184,000 votes tallied, compared with the more than 537,000 recorded in 2020. In neighboring Washington State, the uncommitted ballot option got nearly 10 percent of the vote in the Democratic primary in late March. Image Fani Willis, the Fulton County district attorney, celebrated her re-election win in the Democratic primary on Tuesday in Atlanta. The Democratic primary for district attorney in Fulton County, Ga., ended in a remarkable blowout.

Persons: Vince Fong, Kevin McCarthy, Fong, McCarthy, — Mike Boudreaux, Biden, Donald J, Mr, Trump, Fani Willis, Brynn Anderson, Willis, Christian Wise Smith, Scott McAfee, Trump’s, Judge McAfee, McAfee’s, Jamie McLeod, Skinner, Janelle Bynum, Ms, Bynum, Tina Kotek, Lori Chavez, DeRemer, Mike Schmidt, Nathan Vasquez, Vasquez, Schmidt, Schmidt’s Organizations: Republican, Trump, Democratic, Mr, Associated, Georgia, Oregon’s Fifth Congressional Locations: California, Tulare County, Georgia , Idaho , Kentucky, Oregon, Kentucky, In Oregon, Gaza, Washington State, Fulton County, Atlanta ., Georgia, Fulton County ,, Multnomah County, Portland

☆ DuPont de Nemours to split into three companies
▼ + stars: | 2024-05-22 | by ( Samantha Delouya | ) edition.cnn.com time to read: +2 min

CNN —DuPont de Nemours, the American multinational chemical company that traces its history back to 1802, announced plans to split into three publicly traded companies on Wednesday. DuPont’s breakup comes amid other large, multi-national companies announcing breakups in recent years, with many CEOs and corporate boards touting the agility of smaller companies. In a statement, Breen echoed a similar refrain, saying the three smaller companies would have greater flexibility after the spin-off. This is the second DuPont breakup in half a decade. In 2019, DowDuPont, which was created in a DuPont merger with Dow Chemical, broke apart into three separate entities: DuPont, Dow Chemical and Corteva, the company’s agriculture business.

Persons: Lori Koch, Ed Breen, Koch, Breen, ”, “, Kellogg, DuPont Organizations: CNN, DuPont de Nemours, DuPont, ”, General Electric, Dow Chemical

☆ Election officials in battleground Michigan grapple with sweeping voting changes and a presidential election
▼ + stars: | 2024-05-20 | by ( Fredreka Schouten | ) edition.cnn.com time to read: +9 min

The state’s highly decentralized system of administering voting means that “Michigan has 1,500 elections every big election day,” said Kyle Whitney, the city clerk of Marquette in the state’s Upper Peninsula. ‘We’re all beginners’The new rules in Michigan flow from a constitutional amendment that state voters approved by a wide margin in 2022 that dramatically expanded access to voting. Miller was elected to succeed the previous, term-limited clerk and is overseeing her first presidential election. Deborah Pellow, the part-time clerk of rural Tilden Township in the Upper Peninsula, is also overseeing her first presidential election this year. The next big test for Michigan comes in August, when voters cast primary ballots for congressional, state and local offices.

Persons: Michael Siegrist, Joe Biden, Donald Trump, tabulators, Biden, ”, Kyle Whitney, ” Whitney, Brennan, ‘, “, ” Lori Miller, Miller, “ It’s, Deborah Pellow, Pellow, Adam Wit, –, Shira Roza, Carlos Osorio, Angela Benander, Joycelyn Benson, Jacqueline Beaudry, ” Benander, ‘ We’re Organizations: CNN, Ferrari, Republican, Trump, Brennan Center for Justice, Wolverine State, Biden’s, Michigan’s, Democratic, Michigan Association of Municipal, Michigan Locations: Michigan, Canton Township, Antrim County, Marquette, Wolverine, Livonia, Detroit, Wayne County, Tilden Township, Canton, Harrison, Warren , Michigan, Ann Arbor City, Tilden

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