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Georgia lawmakers voted on Thursday to tighten the state’s already strict immigration laws in response to the killing of Laken Riley, a 22-year-old nursing student, whose death became ensnared in the broader fight over immigration policy after a man from Venezuela who entered the country illegally was charged with her murder. In the frenzied final hours of the legislative session, the state’s House of Representatives gave final approval to a measure that would require local law enforcement agencies to scrutinize the immigration status of people in their custody and to cooperate with federal immigration authorities. The legislation was the result of a vow from Republican lawmakers to crack down after Ms. Riley’s body was found last month in a wooded area on the University of Georgia campus in Athens. Her death rattled the community that is the home of the state’s flagship university, roughly 70 miles from Atlanta. The case quickly reverberated beyond Georgia, with Republicans arguing that her killing exemplified a failure by President Biden to adequately respond to an influx of migrants.
Persons: Laken Riley, Biden Organizations: University of Georgia Locations: Georgia, Venezuela, Athens, Atlanta
Ukraine's intelligence chief claimed on Wednesday that Russia was aware that a terrorist attack was being planned since at least Feb.15. The Islamic State militant group claimed it was behind the Moscow attack, but Russia has blamed Ukraine and its allies, saying they orchestrated the attack. Budanov claimed Russia knew where the combat groups would come from, and which countries the attackers would travel through to reach Russia. Similarly, Russia has not produced evidence to back up its claims that Ukraine and the West were behind the terrorist attack. Read more here: Russia knew of terrorist attack plot weeks ago, Ukraine's military spy chief says— Holly Ellyatt
Persons: Kyrylo Budanov, Dmytro Kotsiubailo, Budanov, Ukrinform, Read, — Holly Ellyatt Organizations: Directorate of Intelligence, Crocus City Hall, Russian Federation, Islamic State, White, Russia Locations: Ukraine, Kyiv, Russia, Crocus, Moscow, Syria
Here are Thursday's biggest calls on Wall Street: Wells Fargo reiterates Bank of America as overweight Wells Fargo raised its price target on Bank of America to $44 per share from $40. HSBC downgrades Bank of America to hold from buy HSBC downgraded Bank of America mainly on valuation. Benchmark reiterates Nvidia as buy Benchmark said it's standing by its buy rating on Nvidia. Bank of America reiterates Amazon as buy Bank of America said it's bullish on Amazon's investments in AI. "We are initiating coverage on CYBR with a Buy rating and a $317 PT."
Persons: Wells Fargo, Bernstein, it's, Goldman Sachs, Tesla, Goldman, Piper Sandler, Piper, Clark, Kimberly, Claude, Estee Lauder, BTIG, TD Cowen, Cowen, Grindr, William Blair, Bentley, Morgan Stanley, JPMorgan, KeyBanc, Oppenheimer, Monness Crespi Hardt downgrades Palantir, Palantir Organizations: Bank of America, FDIC, Apple, HSBC downgrades Bank of America, HSBC, of America, PNC, Tesla, EV, Kimberly, Nvidia, Amazon, Bentley Systems, Allstate, JPMorgan, Major Pharma, Citi, Boeing, Barclays, Meta, SNAP Locations: mkts, DraftKings
Unlike Obama and Clinton before him, Biden is running against a candidate only a few years his junior. It was a twist on how Clinton answered a question about Dole's age during the second presidential debate in 1996. There is not much precedent for the event Biden's campaign is putting on Thursday. Obama, Biden and Clinton will inevitably go down memory lane during a discussion moderated by comedian Stephen Colbert. Aside from private conversations, Biden also often directs his top aides to follow up with Obama or Clinton on various topics of conversation.
Persons: Barack Obama, Joe Biden, Bill Clinton, Robert Byrd, George H.W . Bush, Bob Dole, John McCain, , Biden, Obama, Clinton, Still, Dole, McCain, Seth Meyers, Donald Trump, Sen, Scott Reed, Reed, Mike Pence's, — McCain, Mark Salter, George W, Bush, Hillary Clinton, Salter, McCain's, Mindy Kaling, Jill Biden, Queen Latifah, Lizzo, Ben Platt, Cynthia Erivo, Lea Michele, Annie Leibovitz, Harris, Jeffrey Katzenberg, Rufus Gifford, Chris Korge, Condé, Anna Wintour, Julie Chavez Rodriguez, DJ D, Stephen Colbert, Jeff Zients, Anita Dunn, Steve Ricchetti, Bruce Reed, Jen O'Malley Dillon, Mike Donilon, Ricchetti Organizations: West Virginia State Capitol, NBC, NBC News, Democratic, Radio City Music Hall, Biden, Biden Victory Fund, DJ, Affordable, Trump, he's Locations: Charleston , West Virginia, New York, New Hampshire
“Rhythm and blues and country music are the most parallel types of music,” Singleton has been quoted as saying. “Country music tells a story,” Martell told Rolling Stone. And while Martell recalls receiving two standing ovations that night, the road to country music success was far from smooth. A place in historyMartell’s story may have languished in history were it not for both her country music family and her biological one. “Minority, women and marginalized artists deserve to play on a level playing field in the country music industry,” Thompson told The Tennessean last year.
Persons: CNN — Beyoncé’s, Cowboy Carter ”, Linda Martell, , Beyoncé, , Martell, Thelma Bynem, “ You’d, William “ Duke ” Rayner, Shelby Singleton Jr, ” Singleton, Singleton, ” Martell, Rolling, Jeannie C, Riley, BlackHistoryMonth Martell, Mickey Guyton, Rolling Stone, ” Guyton, “ I’ve, I’ve, , Marquia Thompson, ” Thompson, ” Beyoncé Organizations: CNN, Rolling Stone, Grand Ole Opry, SSS, Records, Country Blues, Tennessean Locations: Texas, South Carolina, Harper, Singleton
More than 40,000 out of well over 70,000 reservations for the Fisker Ocean have been canceled to date, according to internal company metrics viewed by Business Insider. The reservation cancellations pose an issue for the company, representing potential sales slipping away during a time when the company desperately needs to generate more revenue. The company said a reservation "will hold your approximate spot in our order queue to purchase your Fisker EV." Related storiesThe company also has a few thousand order cancellations, according to the data viewed by BI, which are different than reservations and not fully refundable. The Fisker CEO and Danish car designer's previous startup, Fisker Automotive, filed for bankruptcy protection in 2013.
Persons: , Fisker, Henrik Fisker's Organizations: Service, Business, BI, Fisker Automotive
“I just don’t see how this stunt can do anything to significantly alter those risks and instead reflects the relative privilege of the parents involved,” he said. Parents have been on edge after a few high-profile crimes on university campuses. Berkeley mascot — spent more than $40,000 to hire the security officers through a contractor. From March 6 to 23, six “safety ambassadors” in bright yellow jackets patrolled areas near the school, but not on campus, from 6:30 p.m. until 3:30 a.m. The areas were chosen because of recent crime reports, according to the parents.
Persons: , , , Sagar Jethani, SafeBears Organizations: Augusta University, University of Georgia Locations: Athens, Ga, . Berkeley
More than two years later, only four states — Ohio, New York, Pennsylvania and Hawaii — have opened stations funded by the program. The Biden administration says the federal charging program is on track. The grants will fund 47 EV charging stations and related projects in 22 states and Puerto Rico, including 7,500 charging ports. But even some of the government’s own experts say 500,000 public chargers won’t be enough to meet Biden’s ambitious climate goals. The availability of charging stations is key to persuading Americans to buy EVs.
Persons: Liam Sawyer, Sawyer, , Joe Biden, Biden, Shailen Bhatt, , ” Bhatt, “ We’re, , Gabe Klein, Bhatt, Tesla, Mike DeWine, DeWine, Preeti Choudhary, Loren McDonald, you’re, ” ___ Daly, John Organizations: , Ford, Allegheny National Forest, Pilot Travel, Electric Vehicle Infrastructure, Democrat, Transportation, Walmart, Joint Office of Energy, National Renewable Energy Laboratory, Alternative Fuels Data, Energy Department, Associated Press, NORC, for Public Affairs Research, Energy, Institute, University of Chicago ., Republican Gov, Ohio, Department of Transportation, Public Utilities Commission, Locations: Ohio, Indianapolis, Pennsylvania, Columbus , Ohio, London , Ohio, — Ohio, New York , Pennsylvania, Hawaii, U.S, Maine , Vermont, Colorado, Puerto Rico, America, California, Washington, St, Detroit, AP.org
The S&P 500 was up 0.1% on Thursday, reaching a new record high. The Dow gained 47 points, or 0.1% also hitting a new high. Thursday was the final day of trading for March and the first quarter of 2024, wrapping up an outstanding quarter for US stocks. For the quarter, the S&P 500 is about 10.2% higher, its strongest first quarter since 2019. Tech stocks like Nvidia and the AI-craze have helped drive stocks higher in the first quarter.
Persons: Dow Organizations: New, New York CNN, Nasdaq, Tech, Nvidia, Federal Reserve Locations: New York
CNBC Daily Open: A key inflation gauge in focus
  + stars: | 2024-03-28 | by ( Sumathi Bala | ) www.cnbc.com   time to read: +2 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. Yellen on China dumpingU.S. Treasury Secretary Janet Yellen warned that China is dumping its surplus of solar panels and EVs on global markets, distorting market prices. This signals Beijing's latest efforts to boost foreign investment in China as relations with the U.S remain fraught. Investors anxious over a market decline should hedge their positions to limit risk in financial assets, according to fund managers.
Persons: Janet Yellen, Yellen, Xi Jinping, Stephen Schwarzman, Cristiano Amon, Mark Carney, Francis Scott Key, David Neuhauser Organizations: CNBC, Dow, Treasury, U.S, Blackstone, Qualcomm, Bloomberg, Francis Scott Key Bridge, Livermore Partners Locations: Yellen, China, U.S, Baltimore, Port of Baltimore
CNBC Daily Open: Focus turns to key inflation data
  + stars: | 2024-03-28 | by ( Sumathi Bala | ) www.cnbc.com   time to read: +2 min
Photographer: Christopher Dilts/Bloomberg via Getty ImagesThis 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. Xi on China tech progressChinese President Xi Jinping told Dutch Prime Minister Mark Rutte that no force can stop China's tech advance. Separately, Xi also told U.S. executives that bilateral ties can have a "brighter future" and vowed to improve the business environment. The next few days could prove crucial in diverting trade away from the port, logistics executives told CNBC, after a container ship collided into the Francis Scott Key Bridge early Tuesday.
Persons: Christopher Dilts, Topix, Xi, Xi Jinping, Mark Rutte, Janet Yellen, Yellen, Francis Scott Key, David Neuhauser Organizations: Bloomberg, Getty, CNBC, Nikkei, U.S ., CSI, Dow, Nasdaq, Dutch, Xinhua News Agency, U.S, Treasury, Francis Scott Key Bridge, Livermore Partners Locations: Chicago , Illinois, Japan, Seng, China, Beijing, U.S, Baltimore, Port of Baltimore
In the wake of Nvidia 's launch of powerful new artificial intelligence chips, Goldman Sachs is predicting major growth for memory chips used in AI systems. Called Blackwell, the new GPU chips from Nvidia that power AI models require the latest third-generation memory chips, also known as high-bandwidth memory (HBM/HBM3E). The investment bank expects the total addressable market for HBM to expand tenfold to $23 billion by 2026, up from just $2.3 billion in 2022. The Wall Street bank sees three major memory makers as prime beneficiaries of the booming HBM market: SK Hynix , Samsung Electronics and Micron . Investors have been cautious about the memory market for AI systems since all three major suppliers are due to expand manufacturing capacity and add downward pressure on profit margins.
Persons: Goldman Sachs, Blackwell, Giuni Lee, Goldman, Peter Lee, Jensen Huang, — CNBC's Michael Bloom Organizations: Nvidia, HBM, SK Hynix, Samsung Electronics, Micron, Investors, Intelligence, Innovation Fund, MU, Goldman, Citi Locations: U.S, Germany
Alaska Air shares just getting started Alaska Air Group has recently broken above a key resistance level and could represent a compelling option for investors searching for stocks earlier on in their uptrends. Alaska remained below that retracement level as well as a declining 200-day moving average until this week. Now we're seeing ALK power above $42 with an initial upside target at the 61.8% retracement level around $47. The momentum characteristics are consistent with bullish phases, with Alaska becoming overbought this week after a quick rise. While overbought conditions could indicate a short-term pullback in the coming weeks, we're inclined to assume this uptrend could be just getting started.
Persons: we've, — David Keller Organizations: Nasdaq, US Global Jets ETF, JETS, Alaska Air Group, Alaska Air, CMT Locations: Alaska
Wells Fargo raised its price target on Bank of America, now calling for more than 15% upside. Evercore ISI hiked its price target on the consumer products company to $150 per share from $133. Power has a $90 price target on the cloud software stock, implying shares can rally 44.5% in the next year. Forbes' $425 price target implies the stock can climb 43.1% from Wednesday's ending price. Analyst Mike Mayo raised his price target for the bank stock by $4 to $44, implying a 16.4% upside over Wednesday's close.
Persons: Wells Fargo, Clark, Javier Escalante, Escalante, KMB, — Jesse Pound, Jefferies, Portillo's, Andy Barish, Barish, — Brian Evans, Jason Gursky, Wednesday's, shakeup, Gursky, Alex Harring, Baird, William Power, — Alex Harring, Steven Forbes, Forbes, RH, BofA, Cintas, Heather Balsky, Balsky, Robinhood, Alex Markgraff, Markgraff, TD Cowen, John Blackledge, Grindr, Blackledge, It's, it's, Estee Lauder, Bryan Spillane, Spillane, Estee, Tom Ford, Joseph Greff, Greff, FanDuel, Vikram Gandhi, Gandhi, Wells, Bank of America Wells, Mike Mayo, Mayo, Goliath Organizations: CNBC, Bank of America, HSBC, Allstate, Kimberly, Staples, ISI, Citi, Boeing, Alaska Airlines, Dow Jones, UC, Guggenheim, RH's, FactSet, Estee Lauder Bank of America, JPMorgan, Allstate Allstate Locations: Portillo's, Five9, Estee, New Jersey, Wednesday's
A chapter of Rebel Wilson's memoir is about her claims that Sacha Baron Cohen harassed her on set. AdvertisementRebel Wilson's memoir, "Rebel Rising," features a chapter about her experiences with Sacha Baron Cohen while they were filming the action comedy "The Brothers Grimsby." In 2014, Rebel Wilson said Sacha Baron Cohen asked her to put a finger in his butt while filming a scene for 'The Brothers Grimsby'Rebel Wilson as Dawn and Sacha Baron Cohen as Nobby in "The Brothers Grimsby." Rebel Wilson has been extremely consistent over the past decade in talking about what she experienced with Sacha Baron Cohen. The 'asshole' I am talking about in ONE CHAPTER of my book is: Sacha Baron Cohen."
Persons: Rebel, Sacha Baron Cohen, Wilson, Cohen, , Nobby Butcher, Mark Strong, Nobby's, Dawn Grobham, Rebel Wilson, Dawn, Nobby, Kyle, Jackie O, I'd, Sacha, That's, — Kayleigh Donaldson, He's, they'd Organizations: Service, The, Grimsby, Sony Pictures, Courier, Twitter, Business, SBC Locations: Grimsby, England, Australia, Cape Town
Federal Reserve Bank Chair Jerome Powell speaks during a news conference at the bank's William McChesney Martin building on March 20, 2024 in Washington, DC. His comments come as investors await the release of further U.S. economic data and closely monitor clues from Fed officials about the expected number of interest rate cuts in 2024. Asked on Thursday about the likelihood of one or no Fed interest rate cuts this year, Blitz said that it's "getting pretty good. Blitz said markets will likely continue to march higher, even if the Fed decides not to impose any interest rate cuts this year — a prospect that U.S. asset manager Vanguard named as their base-case scenario. Christopher Waller, governor of the US Federal Reserve, during a Fed Listens event in Washington, DC, US, on Friday, March 22, 2024.
Persons: Jerome Powell, William McChesney Martin, Chip Somodevilla, Steven Blitz, Blitz, They're, CNBC's, it's, Christopher Waller, Waller, Raphael Bostic, Jerome, Powell Organizations: Bank, Getty, Federal Reserve, TS Lombard, Traders, Fed, Vanguard, Economic, of New, Atlanta Federal Reserve, US Federal Reserve, Bloomberg Locations: Washington ,, U.S, of New York, Atlanta, Washington , DC
Gang violence has killed more than 1,500 people in Haiti so far this year, the United Nations human rights office reported on Thursday, the result of what it described as a “cataclysmic situation” in the country. Corruption, impunity and poor governance, together with increasing levels of gang violence, have brought the Caribbean nation’s state institutions “close to collapse,” the agency said. The U.N. human rights office reported that gang violence had left 1,554 people dead and 826 injured this year, as of March 22, A new report released by the agency described a surge in sexual violence by gang members, including rapes of women, often after having witnessed the killing of their husbands. There is also widespread, deadly vigilantism, with community groups — some calling themselves “self-defense brigades” — attacking people suspected of petty crime or gang affiliation. Last year, 528 people were reported killed in that way, and 59 more so far this year, the U.N. said.
Persons: Organizations: United Nations Locations: Haiti, Caribbean
Asia’s 50 best restaurants for 2024 revealed
  + stars: | 2024-03-27 | by ( Karla Cripps | ) edition.cnn.com   time to read: +5 min
CNN —After losing the number one spot to Bangkok in 2023, Tokyo has reclaimed its crown as the city with the top eatery in the region at the annual Asia’s 50 Best Restaurants Awards, which were announced in Seoul, South Korea on Tuesday evening. The list – part of the global “World’s 50 Best” brand – is compiled by the Asia’s 50 Best Restaurants Academy, which is made up of more than 300 food critics, writers, chefs and restaurateurs, all selected for their knowledge of Asia’s restaurant scene. Though Singapore didn’t have any restaurants in the top five, nine of its venues made the top 50 list – more than any other city. Courtesy The World's 50 BestThe “Asia’s Best Female Chef” award went to Pichaya ‘Pam’ Soontornyanakij, owner of Bangkok restaurant Potong, which came in at 17 on this year’s list. Mineko Kato of restaurant Faro in Tokyo won the Asia’s Best Pastry Chef award and Kevin Lu of Logy, in Taipei, was voted Asia’s Best Sommelier.
Persons: Daniel Calvert, Calvert, , , Sézanne, I’ve, we’d, Gaggan, Seroja, Gaggan Anand, Thitid “, Sühring, Le Du –, Ton, Bangkok –, Odette, Pichaya, Pam ’ Soontornyanakij, Ton’s Nusara, Mineko Kato, Kevin Lu, Logy, Sung Anh, Mosu, Danny Yip, Hong, Le, Fu, Hui, Samrub, Villa, Ling Long, Ando, Les Amis, Baan, Goh, Anan, Tam’s Organizations: CNN, Marunouchi, Restaurants Academy, Hospitality, Toyo, Meta, Studio, Bund Locations: Bangkok, Tokyo, Seoul, South Korea, Japan, France’s Champagne, Maronouchi, Asia, , Kolkata, Hong Kong, Singapore, Thai, ” Singapore, Faro, Taipei, Nusara, Suhring, Osaka, Odette, Sorn, Le Du, Potong, Shanghai, Logy, Masque, Mumbai, Manila, Delhi, Seroja, Taichung, Taiwan, Mume, Wakayama, Lolla, Avartana, Chennai, India, Fukuoka, Jakarta, Kyoto, Anan Saigon, Ho Chi Minh City, Macao
Oil prices fell for a second day on Wednesday after a report that crude stockpiles in the U.S., the world's biggest oil user, surged and on signs major producers are unlikely to change their output policy at a technical meeting next week. Brent crude futures for May dropped 74 cents, or 0.9%, to $85.51 a barrel at 0420 GMT. U.S. crude oil inventories rose by 9.3 million barrels in the week ended March 22, according to market sources citing American Petroleum Institute figures on Tuesday. Earlier this month, OPEC+ members agreed to extend their output cuts of about 2.2 million barrels per day to the end of June. Highlighting that Iraq is among the OPEC+ members that have admitted to overproducing in recent months, analysts at ANZ said in a report on Wednesday, "traders are also watching OPEC members for any sign they may be altering their stance on production quotas."
Persons: Rong Yeap, overproducing Organizations: Brent, . West Texas, IG, American Petroleum Institute, of, Petroleum, Ministerial, Reuters, ANZ Locations: U.S, Singapore . U.S, Russia, OPEC, Iraq
Carnival Corp raised its annual profit forecast on Wednesday, anticipating a record year of bookings as the company benefits from a rise in people seeking cruise vacations for the first time. "The first quarter has been fantastic across the board," CEO Josh Weinstein said on a post-earnings call. "We delivered record bookings and record customer deposits again this quarter, a great start to the year." Bookings for the rest of 2024 remain the best year on record with total customer deposits reaching $7 billion in the first quarter, the company said. New-to-cruise customers surged more than 30% year-over-year, Carnival said.
Persons: Josh Weinstein, Carnival Organizations: Carnival Corp
Japan's yen hits 34-year-low, heating talk of intervention
  + stars: | 2024-03-27 | by ( Sophie Kiderlin | In | ) www.cnbc.com   time to read: +3 min
Japanese 1,000 yen, 5,000 yen and 10,000 yen banknotes arranged in Kyoto, Japan, on Thursday, Nov. 2, 2023. The contradictions in Japan's efforts to protect the yen while slowing the pace of rising bond yields are becoming increasingly clear in currency and debt markets. The yen was last at 151.22 against the dollar at 10:19 a.m. London time after paring back some losses. The yen hit a 34-year-low on Wednesday, weakening as much as 151.97 against the U.S. dollar and fueling market questions over potential government intervention to prop the Japanese currency. "There is now a higher chance of Japanese FX intervention.
Persons: Kentaro Takahashi, Shunichi Suzuki, Masato Kanda, Kanda Organizations: Bloomberg, Getty, U.S ., Bank of Japan, Financial Services Agency, Reuters, FX, Commonwealth Bank of Australia, Bank of America Global Research Locations: Kyoto, Japan, London
Donald Trump is $4 billion richer after his Truth Social merger with Digital World Acquisition was approved March 22. Trump Media & Technology Group is now trading under the "DJT" ticker symbol, but experts doubt its longevity. This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account?
Persons: Donald Trump Organizations: Trump Media & Technology Group, Business
U.S. stocks have "limited upside" from here, given the macroeconomic backdrop — and investors should be looking for better opportunities elsewhere, according to Goldman Sachs Asset Management. The U.S. economy has been surprisingly resilient in the face of the Federal Reserve's aggressive monetary policy tightening over the last two years, defying expectations of a 2023 recession. Though GSAM's base case is for the Fed to engineer a soft landing and for the U.S. economy to avoid recession, James Ashley, head of international market strategy, told CNBC on Wednesday that if a recession were to come, it would be this year. "The Fed only began to hike in March of '22, so when we're talking about recession risks in 2023, that would have assumed a very rapid passthrough from the transmission of monetary policy into the real economy. In other words, it was premature," Ashley said.
Persons: James Ashley, Ashley Organizations: Goldman Sachs Asset Management, Fed, CNBC Locations: U.S
Rose Hanbury and David Cholmondeley live at Houghton Hall in Norfolk. Built in the 1720s, the 106-room estate is close to Prince William and Kate Middleton's home. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementHoughton Hall in Norfolk, England, is home to David Cholmondeley, the 7th Marquess of Cholmondeley, and his wife, Lady Sarah Rose Hanbury. Take a look inside the historic estate, which has been a center of arts and culture for centuries.
Persons: Rose Hanbury, David Cholmondeley, Prince William, Kate Middleton's, , Marquess of Cholmondeley, Lady Sarah Rose Hanbury, Kate, Kate's, Cholmondeley, Hanbury Organizations: Houghton Hall, Houghton, Service Locations: Norfolk ., Norfolk, England
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChange Healthcare's $22-million ransom may have been intercepted on the dark webEamon Javers reports on the twists and turns on the dark web, where cybersecurity firm Crowdstrike believes United Healthcare may have lost $22 million after paying cybercriminals, who pocketed the money without sending it to the original hackers.
Persons: Eamon Javers, Crowdstrike, cybercriminals Organizations: Healthcare
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