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☆ Stock futures are little changed after S&P 500, Nasdaq notch best day in more than a year: Live updates
▼ + stars: | 2024-02-22 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Stock futures were little changed on Thursday evening, after the S&P 500 and the Nasdaq Composite posted their best day since early 2023. S&P 500 futures inched up by 0.02%, while Nasdaq 100 futures slipped 0.04%. The S&P 500 added 2.11% for its best day since January 2023, while the Nasdaq Composite popped 2.96% for its best session since February 2023. Indeed, 10 of the 11 S&P sectors were positive Thursday, with utilities being the sole loser. All three major averages are also now on track for winning weeks: The S&P 500 is pacing for a 1.6% advance, while the Nasdaq has gained 1.7%.

Persons: Block, Carvana, Larry Tentarelli, Dow, Chris Hayes Organizations: Nasdaq, Dow Jones, Wall, Nvidia, Dow, Blockbuster, Blue, Warner Bros Discovery

☆ A 'messy' quarter: What analysts are saying after Rivian's latest quarterly report
▼ + stars: | 2024-02-22 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Analysts are growing cautious on Rivian shares as its struggles are worsened by weak electric vehicle demand. RBC has a $15 per share price target, which is roughly 3% below Wednesday's close of $15.39. RIVN 1D mountain Rivian stock. Narayan said legacy automakers are in a better position to navigate the current slowdown in EV demand, and said he expects Rivian stock to "to come under pressure." Langan lowered his price target to $14 per share from $18.

Persons: Rivian, Tom Narayan, expected.It, Narayan, FactSet, Wells, Colin M, Langan, Goldman Sachs, Mark Delaney, Delaney, — CNBC's Michael Bloom Organizations: RBC Capital, RBC, Barclays Locations: Wednesday's

☆ Stocks making the biggest moves after hours: Block, Carvana, Booking Holdings and more
▼ + stars: | 2024-02-22 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Intuit — Shares pulled back roughly 1% after the financial software company posted revenue of $3.39 billion in its fiscal second quarter. The result was in line with what analysts polled by LSEG had expected. Block — Shares of the payment company soared nearly 11% on the heels of a fourth-quarter revenue beat. Carvana posted a fourth-quarter loss of $1 per share on revenue of $2.42 billion, missing the estimates of analysts polled by LSEG. Operating income, excluding items, came in at $572 million, while analysts polled by FactSet called for $668.5 million.

Persons: LSEG, Block, Carvana, MercadoLibre, FactSet Organizations: Intuit —, Holdings, Booking Holdings, LSEG Locations: London, England

☆ Pharmacies across America are having trouble processing some prescriptions because of a cyberattack
▼ + stars: | 2024-02-22 | by ( David Goldman | ) edition.cnn.com time to read: +3 min

CNN —Pharmacies across the United States are reporting that they are having difficulty getting prescriptions to patients because of a cyberattack on a unit of UnitedHealth. The cyberattack prevented some pharmacies from processing prescriptions to insurance companies to receive payment. “This outage is impacting dispensing of pharmacy prescriptions – resulting in delays in processing and in some cases, inability to process,” the hospital said. In a statement, Change Healthcare said it believed the attack was isolated to its network and did not spread elsewhere. “At this time, we believe the issue is specific to Change Healthcare and all other systems across UnitedHealth Group are operational,” the company said.

Persons: ”, “ Refills, UnitedHealth, “ Organizations: CNN, Healthcare, Naval Hospital, ” Evans, Community Hospital, Securities and Exchange Commission, UnitedHealth, ”, SEC Locations: United States, Camp Pendleton , California, Pendleton, Colorado, Norton , Kansas

☆ Oil prices slipped as traders wait for more insight on when Fed might cut rates
▼ + stars: | 2024-02-21 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, March 24, 2016. Crude oil futures fell slightly Wednesday as the market waits for further indication of when the Federal Reserve might cut interest rates. The minutes could provide further insight on when the central bank plans to cut interest rates. Lower interest rates typically stimulate economic growth which fuels crude oil demand. White House Middle East envoy Brett McGurk is heading to Cairo Wednesday to continue talks on a temporary Gaza ceasefire in exchange for Hamas releasing hostages.

Persons: Brent, John Evans, PVM, Brett McGurk, Biden, Israel, Benny Gantz, Ramadan Organizations: West Texas Intermediate, Federal Reserve, Federal, White Locations: Cushing , Oklahoma, East, U.S, Israel, Lebanon, Iran, Islamic Republic, Cairo, Gaza, Rafah

☆ ChatGPT is losing its mind and no one seems to know why
▼ + stars: | 2024-02-21 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +3 min

Users started to wonder if the OpenAI's chatbot was malfunctioning after it spouted "Spanglish." download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Muchas gracias for your understanding, y I’ll ensure we’re being as crystal clear como l’eau from now on,” ChatGPT wrote. chatgpt is apparently going off the rails right now and no one can explain why pic.twitter.com/0XSSsTfLzP — sean mcguire (@seanw_m) February 21, 2024Another user asked ChatGPT about the difference between mattresses in different Asian countries. Its status dashboard first noted it was “investigating reports of unexpected responses from ChatGPT” on February 20.

Persons: —, OpenAI’s, Sean McGuire, ”, ” ChatGPT, Bill Evans, 0XSSsTfLzP — sean mcguire, ChatGPT, hasn’t, ” OpenAI, ChatGPT ”, It's, OpenAI, Gary Marcus, — Gary Marcus, @GaryMarcus, Marcus Organizations: Service, Microsoft, Business Locations: GPT

A railroad stock and a fast food giant were in focus Wednesday among early analyst calls. Barclays raised its rating on Norfolk Southern to a buy-equivalent rating, and his new price target calls for about 20% upside. The firm downgraded the retailer to reduce from hold and maintained a $323 per share price target. — Brian Evans 5:44 a.m.: Barclays upgrades Norfolk Southern Norfolk Southern could see a shake-up to its leadership, and Barclays thinks these changes could lead to strong gains for the stock. He also hiked his price price target to $305 from $255.

Persons: SolarEdge's, Morgan Stanley, Andrew Percoco, Goldman Sachs, Brian Lee, SEDG, Vikram Bagri said.Bagri, — Brian Evans, Piper Sandler, Piper Sandler's, Rob D, Owens, Brian Evans, Daniela Bretthauer, John Ivankoe, Brandon Oglenski, Ancora, It's, Alan Shaw, Oglenski, Fred Imbert Organizations: CNBC, Barclays, Norfolk, JPMorgan, Palo Alto Networks, billings, Palo Alto, HSBC downgrades Home, Depot, HSBC, Home Depot, JPMorgan downgrades, Norfolk Southern, NSC Locations: Wendy's, Norfolk Southern Norfolk Southern, Norfolk Southern, Norfolk

☆ London Fashion Week: Highlights from the Fall-Winter 2024 runways
▼ + stars: | 2024-02-21 | by ( Fiona Sinclair Scott | Leah Dolan | ) edition.cnn.com time to read: +10 min

Ben BroomfieldFaux furFleecy, fuzzy or fine: Faux fur was a key textile on the London runways. Ben Broomfield/Ben Broomfield @photobenphotoRobyn Lynch gave the white anorak a romantic silhouette during her Fall-Winter 2024 show. Maja SmiejkowskaStaged in a Gothic Revival church in East London, Dilara Findikoglu's show was a twisted fantasy. Dilara FindikogluSinead O'Dwyer, whose collection was inspired by a not-so-appropriate take on office wear, led the charge on diverse casting this season. Chris YatesModel on the runway at Molly Goddard RTW Fall 2024 as part of London Ready to Wear Fashion Week held at the Cecil Sharp House on February 17, 2024 in London, England.

Persons: scrappy, Vivienne Westwood, Alexander McQueen, John Galliano, Jonathon Ferris, John Malkovich, Maximilian Raynor’s, Harris Reed, Victoriana, — Conner Ives, Sinead Gorey —, Ives, Gorey, Maria Callas —, JW Anderson, Jonathan Anderson, ”, Amy Winehouse’s, Lily Cole, Agyness Deyn, Edward Crutchley, Stephen Jones ’ millinery, Molly Goddard’s, ” Goddard, ” Molly Goddard, Ben Broomfield, Broomfield, Simone Rocha, Jean Paul Gaultier, Queen Victoria, Conner Ives, Precious Lee, Sinead Gorey, Johanna Parv, Parv, Daniel Lee, moleskin, Henry Nicholls, Robyn Lynch, Lynch upcycled outerwear, Ben Broomfield @photobenphoto Robyn Lynch, Chris Yates, Naomi Campell, Joe Maher, Daniel Lee's, Filippo Fior, Burberry Erdem, Giovanni Giannoni, Jason Lloyd Evans, Jason Lloyd Evans Harris, Marc Hibbert Jonathan Anderson's, JW Anderson “, ” Anderson, ” JW Anderson, Ben Broomfield Sinead Gorey, Eamonn M . McCormack, Aldama Precious Lee, Maja Smiejkowska, Dilara, Dilara Findikoglu Sinead O'Dwyer, Chris Yates Lottie Moss, Kate Moss's, Sinead O'Dwyer, Molly Goddard RTW, Cecil Sharp, Aitor Rosas Sune, WWD, Rosas Sune, Molly Goddard's frilly, Ahluwalia Organizations: London CNN, Central Saint Martins, Tate, JW, Fashion, Burberry, British Vogue, Jean Paul Gaultier couture, Getty, ., Company, British Museum, Getty Images Locations: London, Tate Britain, East London’s, Paris, AFP, Irish, East London, England, Nigeria

☆ Lyle’s Golden Syrup: World’s oldest unchanged brand changes logo for the first time in over 140 years
▼ + stars: | 2024-02-21 | by ( Oscar Holland | ) edition.cnn.com time to read: +4 min

CNN —For over 140 years, Lyle’s Golden Syrup — a staple item in any British baker’s pantry — has featured a rather curious logo on its tin: a lion’s carcass surrounded by bees. The original and new packaging and logo on Lyle's Golden Syrup. Lyle's Golden SyrupThe new logo, meanwhile, gives the animal a more abstracted — and somewhat more animated — appearance. The product’s old logo will continue to be used on Lyle’s classic golden syrup tin, though its bottles and dessert toppings will all now bear the new branding. In a statement, brand director for Lyle’s Golden Syrup, James Whiteley, said that “consumers need to see brands moving with the times and meeting their current need.”The product has been a staple in the pantries of British bakers since its inception.

Persons: —, Abram Lyle, Samson, ”, Lyle, Henry Tate, James Whiteley, Jamie Hodgson, Laura Evans, Colin Freeman Organizations: CNN, Guinness World Records, Tate, Henry Tate & Sons, American Sugar Refining, Hulton Locations: Scottish

☆ Beware these value traps, Wolfe Research says
▼ + stars: | 2024-02-21 | by ( Brian Evans | ) www.cnbc.com time to read: +4 min

Some stocks on Wall Street that are attractively valued could come with a steep catch, according to Wolfe Research. With stocks starting to fall, investors may begin to think some names are a good value when they are not. Wolfe screened for potential value traps in a note Thursday. Short interest hovers at 5% of the company's float, and Wolfe noted Walgreens' anticipated earnings deceleration of 165% is a warning sign for the stock. WBA YTD mountain Walgreens stock.

Persons: Wolfe, Stocks, Michael Bloom Organizations: Wolfe Research, Caesars Entertainment, LSEG, Caesars Palace, FactSet, Caesars, Walgreens Boots Alliance, Walgreens, WBA, Dow Jones, ViaSat, Alaska Air, Shift4

☆ Stocks making the biggest moves premarket: Home Depot, Walmart, Intel, Arm Holdings and more
▼ + stars: | 2024-02-20 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Rosenblatt's price target is now the highest forecast for the stock on Wall Street. Caterpillar — Shares pulled back 2% following a downgrade to in line from Evercore ISI, which noted concern over a longer-than-expected outlook for earnings growth. Analyst Brian Mullan hiked his price target on US Foods to $59 from $45, or roughly 19% upside from Friday's closing price of $49.58. Capital One stock pulled back more than 4%. Arm Holdings — Stock in the chipmaker slid about 4% as investors pulled back bets on the stock after its massive rally .

Persons: Rosenblatt, FactSet, Piper Sandler, Brian Mullan, Biden, — CNBC's Pia Singh, Sarah Min, Michelle Fox, Jesse Pound Organizations: Walmart, LSEG, Revenue, Caterpillar —, ISI, Foods, Intel —, Bloomberg, Discover Financial, Capital, Arm

☆ Stocks making the biggest moves midday: Nvidia, Walmart, Discover Financial and more
▼ + stars: | 2024-02-20 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Semiconductor stocks — Popular semiconductor stocks declined during midday trading, with Nvidia dropping more than 6% ahead of its Wednesday print. Walmart — Shares climbed more than 3% and notched a new all-time high on Tuesday following the retailer's earnings report . Discover Financial — Shares of the credit card issuer soared 14% after it agreed to be acquired by Capital One Financial in a $35.3 billion all-stock deal. The Wall Street firm said investors should take some profits after the stock rallied more than 25% over the past year. Medtronic — Shares advanced 2.5% after the medical device company surpassed Wall Street estimates for both top and bottom lines in its fiscal third quarter.

Persons: Rosenblatt, Vizio, Bernstein, Medtronic, Piper Sandler, Yun Li, Alex Harring, Jesse Pound, Tanaya, Hakyung Kim, Brian Evans Organizations: Semiconductor, Nvidia, Computer, Micro Devices, Marvell Technology, Walmart, Discover, Capital, Caterpillar —, Depot, Barclays — U.S, Barclays, Alaska Air, Southwest Airlines, Deutsche Bank, Wall, FactSet, Foods, Arm Holdings Locations: U.S, British

☆ Powerball Posted the Wrong Numbers. Now He’s Suing for $340 Million.
▼ + stars: | 2024-02-20 | by ( Isabella Kwai | ) www.nytimes.com time to read: +1 min

The string of numbers on the lottery ticket that John Cheeks bought matched those posted on a Powerball website. Had he beat unfathomable odds to win the $340 million grand prize? Not according to Powerball administrators, who said the numbers Mr. Cheeks saw on the site were part of a test that had been “mistakenly posted,” rather than the winning numbers for the drawing in January 2023. Mr. Cheeks has asked for the $340 million in compensation, as well as damages and interest on the winnings. “This is not merely about numbers on a website,” Richard Evans, a lawyer for Mr. Cheeks, said in a statement.

Persons: John Cheeks, Cheeks, “, ” Richard Evans Organizations: Mr, Washington , D.C Locations: Washington ,

☆ A man is suing the DC Lottery after claiming he won a $340 million jackpot, only to be told it was not a valid win
▼ + stars: | 2024-02-20 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

A man who claims to have won $340 million has sued the DC Lottery after being told it was a mistake. For a while, two sets of "winning" numbers were listed on the website. AdvertisementA man has sued the DC Lottery after being told what he thought was a $340 million win was actually a mistake. The actual winning numbers were later published on the website after the drawing alongside the incorrect ones. In the lawsuit, Cheeks asked for a payment of $320.6 million, which he said was the amended grand prize amount given by the DC Lottery, as well as interest.

Persons: John Cheeks, —, Cheeks, he'd, wouldn't, Richard Evans Organizations: DC Lottery, DC, Service, District of Columbia, Lottery, Gaming, Taoti Enterprises, Powerball, State Lottery Association, BBC Locations: Superior

☆ These 3 names that are about to report quarterly results have strong earnings momentum
▼ + stars: | 2024-02-20 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

About 80% of S & P 500 constituents have already reported, with more than three-quarters of these names beating earnings estimates, according to FactSet. The 14 analysts covering the stock rate it either a buy or a strong buy, with their average price target of $613.86 implying about 12% upside ahead, per LSEG. Average earnings estimates on the power company have ticked up roughly 8% over the past three months, while shares have added about 12% in 2024. Seven of the 13 analysts covering the stock rate it a buy or a strong buy, but their average price target of $124.64 suggests downside of nearly 5%, per LSEG. Mizuho Securities is neutral on the stock, recently raising its price target to $132 from $116.

Persons: Goldman Sachs, David Kostin, Raymond James, Srini Pajjuri, Anthony Crowdell Organizations: CNBC, Nvidia, Constellation Energy, Mizuho Securities, Constellation Locations: Mizuho

He told reporters the paramedic was a part of a SWAT team that had been called to a domestic situation at the home. Inside, an armed man had barricaded himself with his family, including seven children ranging in age from 2 to 15, Evans said. Adam Finseth, 40, a firefighter and paramedic for the city since 2019, also was killed. She and her husband peered out of their sunroom and saw squad cars and a phalanx of police officers. None of the relatives of the officers or the firefighter immediately returned phone messages from The Associated Press seeking comment.

Persons: Drew Evans, Evans, “, ” Evans, ”, Paul Elmstrand, Matthew Ruge, Adam Finseth, Elmstrand, Ruge, Adam Medlicott, Tanya Schwartz, Alicia McCullum, peered, McCullum, “ We’re, ” McCullum, BJ Jungmann, Marty Kelly, Tim Walz, “ Minnesota, Grace, Angie Craig, ” Craig, Kris Martin, Rob Jagodzinski, Bobby Caina Calvan, Maysoon, Jesse Bedayn Organizations: SWAT, Minnesota Police, Peace, Association, Medical, “, Associated Press, Minnesota Gov, Burnsville City, U.S, Rep, ___ Associated Press Locations: BURNSVILLE, Minn, Minneapolis, Burnsville , Minnesota, Minnesota, Goodhue County, Burnsville, Burnsville City Hall, downtown Minneapolis, New York City, Maysoon Khan, Albany , New York, Denver

☆ These are the only 2 ETFs that made money every year for the past decade
▼ + stars: | 2024-02-19 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

Two funds investing in defensive stocks are the only exchange-traded funds in the world that had a positive return every year over the past decade, CNBC Pro research has found. The two funds stood out among 8,300 equity ETFs worldwide screened by CNBC Pro using FactSet data. Over that period, the ETF more than doubled investors' money, with a cumulative total price gain of 118%. While the MSCI Healthcare index, valued in euros, dipped slightly into negative territory in 2016, 2020 and 2022, the Amundi ETF's total returns have remained positive because of the weakness in the pound sterling. However, Tabet also pointed out that the health-care sector, especially European pharma, tends to underperform in election years.

Persons: Joakim Tabet, Kepler, Tabet, Vincent Denoiseux, David Evans, Evans, Kepler Cheuvreux Organizations: CNBC, Healthcare UCITS, London Stock Exchange, TSX, Consumer Staples, CNBC Pro, Outlook Novo Nordisk, Novo Nordisk's, pharma, European pharma Locations: Canadian, Europe, Danish, Novo, U.S

☆ Burnsville, Minnesota shooting: 2 police officers and 1 firefighter killed, governor says
▼ + stars: | 2024-02-18 | by ( Chris Boyette | Joe Sutton | ) edition.cnn.com time to read: +4 min

CNN —Two police officers and a firefighter were fatally shot and another officer was injured after responding to a domestic incident early Sunday morning in Burnsville, Minnesota, according to local authorities. Burnsville city officials identified the three victims Sunday afternoon as officers Paul Elmstrand and Matthew Ruge, both 27, and firefighter/paramedic Adam Finseth, 40. “Minnesota mourns with you,” Minnesota Governor Tim Walz said during the news conference. My heart is with their families today and the entire State of Minnesota stands with Burnsville,” Walz said. He was part of the department’s crisis negotiations team and was also a physical evidence officer, officials said.

Persons: “, Adam Medlicott, Paul Elmstrand, Matthew Ruge, Adam Finseth, Drew Evans, ” Evans, Evans, “ Minnesota, Tim Walz, Walz, ” Walz, ” Jim Mortenson, Minnesota Sen, Amy Klobuchar, ” Klobuchar, Elmstrand, Ruge, Finseth, CNN’s Josh Campbell, Cindy Von Quednow Organizations: CNN, of Public, Alcohol, Tobacco, Firearms, Explosives, Law Enforcement Labor Services, Minnesota, Burnsville, Guard Locations: Burnsville , Minnesota, Burnsville, Minnesota, of Minnesota, Minneapolis

☆ These are the stocks investors should bet against, Wolfe Research says
▼ + stars: | 2024-02-17 | by ( Brian Evans | ) www.cnbc.com time to read: +4 min

As the market seesaws, Wolfe Research is eyeing stocks where it thinks downward pressure is building. But no matter which way the market heads from here, Wolfe thinks there are some stocks that could make for profitable short selling targets. Tesla has the second-most mentions among Wolfe's short interest screens with six, trailing Walgreens , which has seven. The stock's short interest hovers around 16% of float, and it appears on seven of Wolfe's short screens. DraftKings now appears on four of Wolfe's short screens, up from three in the month prior.

Persons: Wolfe, Tesla, DraftKings Organizations: Wolfe Research, Reserve, Dow Jones Industrial, Walgreens, LSEG, Hasbro, Moderna Locations: chug

☆ Stocks making the biggest moves premarket: Super Micro Computer, Dropbox, DoorDash and more
▼ + stars: | 2024-02-16 | by ( Brian Evans | ) www.cnbc.com time to read: +4 min

Dropbox — Shares of the cloud storage company pulled back nearly 13% after the company issued lower-than-expected first-quarter revenue guidance. Dropbox now forecasts revenue in the range of $627 million to $630 million, while analysts surveyed by FactSet expected $632.5 million. The company also announced plans for a $250 million share repurchase, and said it planned to lay off 550 employees . Trade Desk — Shares skyrocketed more than 18% after the company beat revenue estimates in the fourth-quarter and issued higher-than-expected first-quarter guidance. DoorDash reported a loss of 39 cents per share while analysts polled by LSEG called for a 16-cents loss.

Persons: Ingersoll Rand, Ingersoll, Vulcan, FactSet, Roku, DraftKings, DoorDash, LSEG, Coinbase, Wells, Raymond James, Wayfair, Sarah Min, Michelle Fox, Jesse Pound, Alex Harring Organizations: Wall, FactSet, Vulcan, LSEG, Revenue, Bank of America Locations: Wells Fargo

☆ Xi Jinping's high-rank purges show a 'systemic rot' in China's military that could threaten its readiness for war: senior US official
▼ + stars: | 2024-02-15 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

China's latest military purge shows that it's suffering from more than just graft, a senior US official said. It's likely the PLA's corruption had a material effect on its war capabilities, said Ely Ratner. But, according to Ratner, Xi's latest military purge indicated a more serious problem. Xi's anti-corruption sweep last year extended as high as China's defense minister, Li Shangfu, who was replaced in October. Several top commanders were also fired from China's Rocket Force, a branch that Xi has emphasized as key to Beijing's strength.

Persons: It's, Ely Ratner, Ratner, —, Ryan Evans, Xi Jinping, ", Xi's, Li Shangfu, Xi, hotpot Organizations: Service, Pacific Security Affairs, People's Liberation Army, Communist Party, China's, Force, Bloomberg, PLA, Radio Free, Defense, China Task Force, International Institute for Strategic Studies Locations: Beijing, China, Switzerland

BOSTON (AP) — With back-to-back Super Bowl victories for the hometown Chiefs, Kansas City football fans gathered for another championship parade and a second celebratory pep rally in a row. Not because the Chiefs, with star quarterback Patrick Mahomes still just 28 years old, can’t win another NFL title. “They have to think twice about having these parades,” said former Boston Police Commissioner Bill Evans, who in 38 years with the department worked 12 championship parades and the aftermath of the 2013 Boston Marathon bombing. The event included a parade down Grand Boulevard, followed by a rally in front of Union Station. But that's a difficult proposition for large, open venues like where the Kansas City rally was held, or the 26.2-mile Boston Marathon course.

Persons: Patrick Mahomes, can’t, “, ”, Bill Evans, Stacey Graves, –, Quinton Lucas, Patrick's, ” Evans, Ed Davis, Evans, there’s, ” Davis, Davis, “ Everybody's, “ Everyone’s Organizations: BOSTON, hometown Chiefs, Kansas City, Chiefs, NFL, Boston Police, Marathon, San Francisco 49ers, Super, Nuggets, NBA, Texas Rangers, Bowl, Arrowhead, U.S, Secret, Louisiana, Boston Marathon, Paris Olympic, Boston, Boston Red Sox, Police, Boston College Locations: Kansas City, Denver, St, America, New Orleans, Salt Lake City, Kansas

☆ Stocks making the biggest moves midday: Cisco Systems, Twilio, Super Micro Computer and more
▼ + stars: | 2024-02-15 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Super Micro Computer — The technology name added 8.5% after Bank of America said shares could rise to $1,040, a Wall Street high. For the recent quarter, Applovin reported earnings of 49 cents per share and $953 million in revenue. However, the company beat first-quarter earnings and revenue estimates. JFrog — The software development stock skyrocketed 25% after topping Wall Street's fourth-quarter estimates. That topped FactSet estimates 12 cents per share in earnings on $93 million in revenue.

Persons: Twilio, Applovin, Deere, Tripadvisor, Albemarle —, — Coinbase, —, JFrog, Penn, Jesse Pound, Hakyung Kim, Alex Harring, Michelle Fox, Brian Evans, Christina Cheddar Berk Organizations: Cisco Systems, Cisco, LSEG, Bank of America, Wells, Currency, Deere, Albemarle, JPMorgan, Chrysler, Fiat, Penn Entertainment, ESPN Bet Locations: North Carolina

☆ Stocks making the biggest moves premarket: Deere, Cisco, Arm, Super Micro and more
▼ + stars: | 2024-02-15 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Twilio -- Shares dropped nearly 11% after the consumer engagement company issued lower-than-expected revenue guidance for the current quarter. Twilio also reporter total active consumers for the fourth-quarter that were below Wall Street estimates. Tripadvisor -- Shares climbed nearly 5% after the online booking company beat Wall Street estimates on the top and bottom line in the fourth-quarter. JFrog -- Stock in the software development company climbed more than 19% after fourth-quarter results surpassed Wall Street estimates. Shake Shack -- Shares of the restaurant stock climbed nearly 17% after the firm beat Wall Street estimates on the top and bottom line.

Persons: Twilio, Bitcoin, Tripadvisor, JFrog, FactSet, Shack, John C, bitcoin, — CNBC's Hakyung Kim, Sarah Min, Pia Singh Organizations: Cisco —, Cisco, JPMorgan, Wall, LSEG, Deere, Bank of America, Nvidia, AMD, Intel, Marathon Digital Holdings, Arm Holdings, Holdings

☆ Apple is losing a design titan — the latest turnover in its post-Jony Ive era
▼ + stars: | 2024-02-14 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +3 min

Apple designer Bart Andre, who came up with former design chief Jony Ive, is retiring. The design team is crucial to Apple's high-profile launches, including its latest Vision Pro. Andre was one of the last remaining members of Ive’s former team, Bloomberg reported. AdvertisementIve’s departure in 2019 precipitated an exodus, Bloomberg reported, with many of the iPhone company's designers subsequently joining his design firm venture LoveFrom. AdvertisementApple's design team under Ive numbered roughly two dozen staffers, Bloomberg reported, obsessively crafting products like the AirPods and Apple Watch for years before they hit shelves.

Persons: Bart Andre, Jony, There's, —, Andre, Evans Hankey, Colin Burns, Shota Aoyagi, Peter Russell, Clarke, Richard Howarth, Molly Anderson, Duncan Kerr, Jeff Williams, Tim Cook, Steve Jobs Organizations: Apple, Bloomberg, Service, Apple Vision, Journal, Apple Watch

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