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☆ Stocks making the biggest moves premarket: Lyft, Robinhood, Zillow, Kraft Heinz and more
▼ + stars: | 2024-02-14 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

In its most recent quarter, Lyft posted adjusted earnings of 18 cents per share, more than the LSEG consensus estimate of 8 cents per-share earnings. Revenue of $1.22 billion was in line with analysts' expectations. Robinhood Markets — Shares of Robinhood soared roughly 16.5% after the investing platform beat on earnings and revenue for the fourth quarter. Kraft Heinz — Shares declined more than 1% after the food company posted fourth-quarter revenue that missed expectations. However, adjusted earnings of 78 cents per share was a slight beat, compared to the 77 cents earnings per share expected by analysts.

Persons: Lyft, Robinhood, Angi, DaVita, FactSet, Kraft Heinz —, Kraft Heinz, Akamai, GoDaddy, SentinelOne, bitcoin, Microstrategy, Airbnb, Bernstein, Topgolf, LSEG, It's, — CNBC's Brian Evans, Alex Harring, Tanaya Macheel, Jesse Pound, Pia Singh, Samantha Subin Organizations: LSEG, FactSet, Akamai, Wall, Bank of America, Miners Iris Energy, Marathon Digital, MGM Resorts, Topgolf Callaway, Topgolf Callaway Brands, JPMorgan Locations: LSEG, China, U.S, Detroit

The “Last of Us” and “Mandalorian” actor is set to play Reed Richards (also known as Mister Fantastic) in the newest incarnation of “The Fantastic Four,” the studio announced Wednesday. The rest of his squad was revealed, too, with Vanessa Kirby stepping up as Susan Storm (The Invisible Woman), Joseph Quinn of “Stranger Things” as Johnny Storm (The Human Torch), and Ebon Moss-Bachrach of “The Bear” as Ben Grimm (The Thing). “The Fantastic Four” is among Marvel’s longest-running comics series and the titular crew is one of its most beloved groups. When it debuted in November 1961, it was a refreshing revelation that helped inform the Marvel voice and set a path for Iron Man and Spider-Man. The film is set to be directed by “WandaVision” veteran Matt Shakman, with a planned July 25, 2025, theatrical release.

Persons: Pedro Pascal, Mandalorian, Reed Richards, Vanessa Kirby, Susan Storm, Joseph Quinn, Johnny Storm, Ebon Moss, Bachrach, “, Ben Grimm, Stan Lee, Jack Kirby, Roger Corman, Alex Hyde, Rebecca Staab, Jay Underwood, Michael Bailey Smith, Oley Sassone, Corman's, Tim Story, Chris Columbus, Raja Gosnell, ” helmer Peyton Reed, ” Ioan Gruffudd, Reed, Jessica Alba, Susan, Chris Evans, Johnny, Michael Chiklis, Ben, Kevin Feige, John Krasinski, Strange, “ WandaVision, Matt Shakman Organizations: Star Wars, Marvel, Century Fox

☆ 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

The firm downgraded the cosmetics stock to hold from buy but maintained $530 per share price target. The firm maintained a neutral rating alongside a $13 per share price target, implying nearly 10% upside ahead. The firm is standing by an underperform rating on Robinhood stock with a $12 per share price target. HSBC downgraded the software stock to hold but maintained its $22 per share price target. First Solar shares have lagged in 2024, losing 11.6% amid concern that Federal Reserve rate cuts may not arrive until later than anticipated.

Persons: Ulta, Anthony Chukumba, Chukumba, Brian Evans, Christopher Danely, — Brian Evans, Robinhood's, Robinhood, LSEG, JPMorgan's Kenneth Worthington, Goldman Sachs, Will Nance, America's Craig Siegenthaler, Wells, Biogen, Mohit Bansal, Stephen Bersey, Christopher Dendrinos, Dendrinos, Fred Imbert Organizations: CNBC, U.S, Wednesday, RBC, HSBC, Palantir, Citi, Revenue, Bank, America's, Technologies, RBC Capital Markets, Enphase Energy, Shoals Technologies Locations: 2024e, Tuesday's, U.S

☆ Things are going badly for Ukraine — really badly
▼ + stars: | 2024-02-13 | by ( Mia Jankowicz | Tom Porter | ) www.businessinsider.com time to read: +9 min

Read previewAs the second anniversary of Russia's unprovoked invasion approaches, the situation is beginning to look bleak for Ukraine. But the offensive failed to achieve a breakthrough, and Ukraine is now seeing crucial support from its allies bleed away. Ukraine has previously warned it may not be able to successfully defend itself against Russia without US help. The Senate on Tuesday passed a $95 billion emergency defense aid bill that could help Ukraine. According to reports, Ukraine is struggling to fight off Russian attacks, particularly around the city of Avdiivka, in Donetsk, east Ukraine.

Persons: —, Volodymyr Zelenskyy, Valerii Zaluzhny, Valery Zaluzhny, Zaluzhny, Ryan Evans, I'm, Patrick Bury, Michael Kofman, Zelenskyy, Mykhailo Fedorov, they've, Grant Shapps, That's, Basil Germond, Putin, Kofman, Donald Trump, Tucker Carlson Organizations: Service, Business, Representatives, Bloomberg, CNN, Washington Post, UK's University of Bath, CNA Corporation, Associated Press, Reuters, Bury, Defense Intelligence, YouTube, UK's Defence, Black, Fleet, Lancaster University, Republican, Fox News, Ukraine, Trump Locations: Ukraine, Huliaipole, Russia, —, Zelenskyy, Ukrainian, Avdiivka, Donetsk, Bury, Iran, North Korea, Al, NATO, Sevastopol, Crimea, Russian

☆ Bank of America says try the 'Magnificent 80' portfolio instead as income investing comes back into favor
▼ + stars: | 2024-02-13 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

The narrow stock market rally could broaden out beyond megacap tech, and investors should target the "Magnificent 80" stocks, according to Bank of America's Savita Subramanian. Both are key reasons Subramanian sees the market rally broadening, alongside an expected spike in volatility tied to the U.S. election and Federal Reserve interest rate cuts. To play the expected widening market rally, Subramanian points toward the so-called "Magnificent 80" stocks, which are composed largely of companies with strong fundamentals. These names, which Bank of America screened for, have higher equity income potential than cash, touting competitive dividend yields. Here are a few of those Magnificent 80 companies that are rated buy by Bank of America.

Persons: Bank of America's Savita Subramanian, Subramanian, Philip Morris Organizations: Bank of America's, Microsoft, Nvidia, Tesla, Federal, Bank of America, Ford, Bank, America's, Wall, Chevron, Truist

☆ Stock futures slip after fresh Dow record, Wall Street looks to inflation data: Live updates
▼ + stars: | 2024-02-12 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading on January 26, 2023 in New York City. Stock futures were marginally lower on Tuesday morning as investors prepared for a key inflation report. Futures tied to the Dow Jones Industrial Average lost 38 points or 0.1%. S&P 500 futures slipped 0.18%, while Nasdaq 100 futures dropped 0.21%. In regular trading, the 30-stock Dow closed at a fresh record.

Persons: Carl Icahn, Dow, Chris Verrone, Dow Jones Organizations: New York Stock Exchange, Stock, Dow Jones Industrial, Nasdaq, Avis Budget, JetBlue Airways, Federal Reserve, Hasbro, Marriott International, MGM Resorts Locations: New York City

☆ Stocks making the biggest moves after hours: JetBlue Airways, Avis Budget Group, Arista Networks and more
▼ + stars: | 2024-02-12 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Avis Budget Group — Shares slipped about 1% after the rental car company's fourth-quarter revenue of $2.76 billion in the fourth quarter missed estimates. Analysts polled by LSEG, formerly known as Refinitiv, forecast $2.81 billion. Analysts polled by LSEG called for earnings of 25 cents a share and revenue of $311 million. Analysts polled by FactSet expected $1.37 per share and revenue of $1.09 billion. The company reported revenue of $171 million while analysts polled by LSEG forecast $176 million.

Persons: Carl Icahn, ZoomInfo, LSEG, FactSet, Lattice, Tripadvisor Organizations: Avis Budget, LSEG, JetBlue Airways, JetBlue, Cadence, Systems, Nvidia, Arista Networks, Lattice Semiconductor

Shanker also raised his price target to $80 from $75, suggesting nearly 34% downside from Friday's close. — Spencer Kimball 8:16 a.m.: Loop Capital upgrades Corteva, touts growth acceleration in 2025 Corteva's stronger-than-expected 2024 full-year guidance will jumpstart a period of strong growth, according to Loop Capital. The firm upgraded the agricultural chemicals company to buy from hold and increased its price target to $65 from $57. Analyst Jay Sole upgraded Urban to neutral from sell and upped his 12-month price target by $20 to $41. Kaufman's $183 price target indicates roughly 6.3% downside for shares, which have fallen more than 18% over the past year.

Persons: headwinds, Morgan Stanley downgrades XPO, Morgan Stanley, Ravi, Shanker, — Michelle Fox, Julien Dumoulin, Smith, Duke's, — Spencer Kimball, Chris Kapsch, Kapsch, Brian Evans, Cassie Chan, they'll, Chan, —, Jay Sole, URBN, Sole, Urban's, — Pia Singh, Filippo Falorni, Falorni, Hershey, Stanley, Pamela Kaufman, Kaufman's, Hershey's, Kaufman, Graham Doyle, Doyle, Piper Sandler, David Amsellem, Amsellem, Amsellam, Christopher Horvers, Jan, Horvers, Fred Imbert, Dan Levy, Levy Organizations: CNBC, Barclays, Automotive, JPMorgan, Corp, Bank of America, Bank of America downgrades Duke Energy, Duke Energy, Duke, Wall, America, UBS, Urban Outfitters, Free People, Urban, Citi, PepsiCo, Citi Research, Pepsi, Hershey, GE Healthcare Technologies, UBS GE Healthcare Technologies, Pharmaceutical, Teva Pharmaceutical, Federal, Barclays downgrades Rivian, Rivian Automotive, North American EV Locations: Bank of America downgrades, GEHC, David Amsellem U.S

☆ Grief, a podcast and Taylor Swift: How one football fan is grateful for the Kelces and Swifties
▼ + stars: | 2024-02-11 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +8 min

And Gough, an Eagles fan turned future Swift-themed cruise passenger, is more grateful for it than they may ever know. She was an active and attentive mom, Gough said. She was still in the depths of her grief – and self-imposed music sabbatical – when last summer, Jason Kelce and his brother, Kansas City Chiefs tight end Travis Kelce, started talking about Swift on their podcast. (From left) Travis Kelce and Taylor Swift at the 2023 AFC Championship football game between the Kansas City Chiefs and the Baltimore Ravens in Baltimore. Anything you have been through in life, there is a Taylor Swift song for that,” Gough said.

Persons: Nikki Gough, Gough, Terry, –, ” Gough, “, I, Taylor Swift, Swift, Travis, Jason Kelce, George Michael, Alanis Morissette, ” Nikki Gough, Travis Kelce, ”, Evermore, ” Sparks, Marjorie ”, “ Ronan ”, you’re, Ringo Starr –, would’ve, Julio Cortez, there’s, she’ll, She’ll, Donna Kelce, Cheryl Evans, what’s, Taylor Organizations: CNN, Giants, Eagles, Swift, Knicks, Beatles, Kansas City Chiefs, AFC, Baltimore Ravens, USA, Network, Reuters Locations: New York, Delaware, Philadelphia, Nashville, Baltimore, “, Miami, Phoenix

☆ Trump heads to South Carolina looking to reinforce his dominance in Haley’s backyard
▼ + stars: | 2024-02-10 | by ( Alayna Treene | ) edition.cnn.com time to read: +7 min

Trump’s advisers insist that doesn’t mean he’s taking South Carolina for granted. But we see this as a done deal,” a senior Trump adviser told CNN, referring specifically to South Carolina. Earlier this month, the Trump campaign held two press conferences featuring a series of his top South Carolina surrogates. “Nikki is persona non grata at this point,” Justin Evans, Trump’s director of special projects in South Carolina, told CNN. Those remarks reflect the broader view of Trump’s campaign, which wants him to become the presumptive GOP nominee as soon as possible.

Persons: Donald Trump, Trump, Nikki Haley —, Joe Biden, Biden, Haley, ”, Susie Wiles, surrogates, Henry McMaster, US Sen, Tim Scott, –, “ Nikki, ” Justin Evans, George Bush, Karl Rove, Nikki Haley, ” Trump, “, Ron DeSantis, she’s Organizations: CNN, GOP, Republican, South, Trump’s, National Rifle Association, Trump, Palmetto State, New, “, Gov, US, South Carolina surrogates, Republican Party, Republican National Committee, Super Locations: South Carolina, Carolina, Nevada, Pennsylvania, Colorado, Virgin, Trump’s, Iowa, New Hampshire, Conway, Myrtle Beach, Lago, Nevada’s nonbinding, California

☆ These stocks about to report earnings typically beat expectations and gain
▼ + stars: | 2024-02-09 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

The company has historically outperformed Wall Street EPS estimates 98% of the time, and its stock has typically gained nearly 3% following quarterly results. RingCentral stock has slipped about 2% from the start of the year. RNG YTD mountain RingCentral stock. About half of analysts polled by FactSet rate RingCentral stock as a buy, and their average price targets imply more than 22% upside moving forward. The Trade Desk will report quarterly results on Thursday, while analysts polled by FactSet estimate fourth-quarter earnings per share of 41 cents per share on $582 million in revenue.

Persons: Stocks, RingCentral, Vlad Shmunis, Morgan Stanley, Matthew Cost Organizations: CNBC Pro, Digital, Trade, FactSet, Amazon, Reliance

☆ Stocks making the biggest moves midday: Pinterest, Cloudflare, PepsiCo, Expedia and more
▼ + stars: | 2024-02-09 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Late Thursday, Pinterest posted fourth-quarter revenue that disappointed Wall Street, but beat on earnings, per LSEG. The company reported earnings of 14 cents per share, while analysts had expected a loss of 26 cents per share, according to FactSet. On Thursday, Expedia reported $21.7 billion in bookings, while analysts surveyed by LSEG were expecting $22 billion. PepsiCo — Shares fell nearly 3% after the beverage and snacks giant's fourth-quarter revenue missed expectations. Enphase Energy , First Solar and more – Solar stocks leapt on Friday, boosting the Invesco Solar ETF (TAN) by 3%.

Persons: Pinterest, Wall, CleanSpark, Expedia, LSEG, Cloudflare, Bill Holdings, Bill, SolarEdge, —, Macheel, Pia Singh, Jesse Pound, Michelle Fox, Lisa Kailai Han, Darla Mercado Organizations: Revenue, Bank of America, PepsiCo —, LSEG, Pepsi, Wall, Bill, Bill Holdings, Lam Research, Semiconductor, Materials, Nvidia, Enphase Energy Locations: FactSet

☆ S&P 500 could rise to 5,300 after hitting latest milestone, says UBS wealth head
▼ + stars: | 2024-02-09 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

While the S & P 500 has more doubled since hitting its pandemic low in March 2020, UBS thinks stock values are "well supported" and that the benchmark could exceed its original forecast for 2024. UBS global wealth management chief Mark Haefele said things were lining up for the S & P 500 to make a run toward 5,300 this year, about 6% upside from current levels. Haefele's base case for 2024 was a gain to around 5,000, but the S & P 500 has already reached that point in a hurry, up 5% year-to-date. "In this event, we believe the S & P 500 has the potential to rise to around 5,300 this year." The benchmark is on pace for five-straight positive weeks as tech shares rally and companies report higher fourth-quarter earnings than expected.

Persons: Mark Haefele, Haefele Organizations: UBS, Labor Department Locations: Thursday's

Analysts are boosting earnings estimates on a collection of stocks set to report quarterly results next week, which could signal strong momentum ahead. Fourth-quarter earnings have so far been better-than-expected, with technology stocks including Meta Platforms and Amazon outperforming analyst estimates and helping lift the S & P 500 to a new all-time highs. Still, some companies set to report quarterly results next week are also seeing analysts increase their profit forecasts, adding potential momentum to those companies' stock performance. EPS estimates have increased by about 4% on average over the same time period. Akamai stock hit a new 52-week high on Thursday.

Persons: Raymond James, Srini, Piper Sandler, Akamai, James Fish Organizations: Meta, Amazon, CNBC, Applied, Akamai Technologies, Howmet Aerospace, New, Consolidated Edison Locations: New York

☆ YouTube stars help NFL bring in more viewers, league says
▼ + stars: | 2024-02-09 | by ( Zach Vallese | ) www.cnbc.com time to read: +3 min

YouTube bet big on the NFL to boost its subscriber base, and content creators have been key to that push. After YouTube committed $2 billion per year to secure the rights to NFL Sunday Ticket, YouTube TV grew from 5 million subscribers in 2022 to more than 8 million this year. Enlisting some of YouTube's top creators to promote NFL Sunday Ticket helped drive engagement among tens of millions of users, the league said. A subscription to YouTube TV costs $73 per month, with an additional annual fee of $349 for access to NFL Sunday Ticket. YouTube TV enlisted familiar YouTube stars including lifestyle creators, vloggers and sports creators to attract new audiences to the NFL.

Persons: Christian Oestlien, Sean Evans —, Ian Trombetta, Nielsen, Tom Rogers, Rogers, Sundar Pichai Organizations: YouTube, NFL, NFL Sunday, Netflix, Disney, Nielsen Locations: U.S

MEMPHIS, Tenn. (AP) — Jurors in the trial of two men charged with killing Young Dolph will come from outside of Memphis because of intense media coverage of the fatal shooting in the rapper’s hometown, a judge ruled Friday. A jury will be be brought to Memphis from outside of Shelby County for the June 3 trial of Johnson and Cornelius Smith Jr. Both men have pleaded not guilty to first-degree murder charges in the daytime ambush of Young Dolph, who was buying cookies at a Memphis bakery when he was gunned down in November 2021. Young Dolph, whose real name was Adolph Thornton Jr., was a rapper, producer and independent music label owner. A neighborhood street was named after Young Dolph after his death.

Persons: Young Dolph, Jennifer J, Mitchell, Justin Johnson’s, Johnson, Cornelius Smith Jr, ” Mitchell, Adolph Thornton Jr, Luke Evans, Evans, Paul Hagerman, Hagerman, ” Hagerman, “ We're, Hernandez Govan, Jermarcus Johnson, Smith, Justin Johnson Locations: MEMPHIS, Tenn, Memphis, Shelby County, “, Castalia

☆ Thursday analyst calls: Disney draws praise for earnings, AmEx gets downgrade
▼ + stars: | 2024-02-08 | by ( Brian Evans | ) www.cnbc.com time to read: +6 min

Morgan Stanley's $47 per share price target on Ally Financial implies nearly 32% upside from Wednesday's $35.68 close. The analyst reiterated an overweight rating on Disney stock alongside a $110 per share price target, or about 11% upside moving forward. Feldman his buy rating on Disney and a $120 per share price target, implying more than 21% ahead. Bank of America also reiterated a buy rating on Disney stock, and stood by its $110 per share price target. Shares have outperformed peers thanks to a strong revenue and earnings per share outlook in the company's fourth-quarter earnings report.

Persons: Morgan Stanley, Morgan Stanley's, Jeffrey Adelson, Michael Rhodes, Adelson, — Brian Evans, Goldman Sachs, Eric Sheridan, Brian Evans, Disney's, Disney, Benjamin Swinburne, Brett Feldman, Feldman, Jessica Reif Ehrlich Organizations: CNBC, American, Ally, Discover Financial, Wall, Disney, Epic, Bank of America, American Express Locations: Roblox

LAS VEGAS (AP) — First-time candidate Julius Peppers headlines a 2024 Pro Football Hall of Fame class that has a distinctive defensive feel. He was a first-team All-Pro five times in eight seasons and helped San Francisco reach three straight conference title games and one Super Bowl. Freeney was the defensive star on the stellar Colts teams led by Hall of Fame quarterback Peyton Manning. Johnson became the first player to spend the bulk of his career with the Texans to make the Hall of Fame. McMichael had 95 career sacks as a defensive tackle, was selected as an All-Pro in 1985 and ’87 and was a second-teamer two other times.

Persons: Julius Peppers, Dwight Freeney, Patrick Willis, Andre Johnson, Devin Hester, Randy Gradishar, Steve McMichael, Art Powell, Buddy Parker, Peppers, —, of Famers Bruce Smith, Reggie White, Willis ’, San, Willis, Freeney, Peyton Manning, Indianapolis hadn’t, Manning’s, Hester, Johnson, Ed Reed, Gradishar, didn’t, McMichael, Antonio Gates, Torry Holt, Reggie Wayne, Willie Anderson, Jahri Evans, Darren Woodson, Eric Allen, Rodney Harrison, Fred Taylor, Jared Allen, ___ Organizations: LAS VEGAS, Football Hall of Fame, AFL, Carolina, Panthers, of Famers, Colts, Hall of Fame, Indianapolis, Super, AFC, NFL, Chicago, Bears, Texans, of Fame, of Famer, Pro, Hall, Broncos Locations: Chicago, Green, San Francisco, Houston’s, Houston, Denver’s

☆ Stocks making the biggest moves after hours: Disney, PayPal, Arm Holdings, Wynn Resorts and more
▼ + stars: | 2024-02-07 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Although fourth-quarter results beat Wall Street estimates, the company's forecast was lower than expected . PayPal said the number of active users fell to 426 million, which was below the Wall Street estimate of 427.17 million, according to StreetAccount. Oscar Health — Shares gained more than 24% due to stronger-than-expected full-year guidance that surpassed Wall Street estimates. The fourth-quarter earnings forecast also topped Wall Street estimates. Monolithic Power Systems — Shares climbed nearly 8% after beating Wall Street estimates in the fourth quarter.

Persons: Disney, StreetAccount, Oscar, Oscar Health —, Wynn, FactSet Organizations: Disney, Epic Games, PayPal, Wall, Oscar Health, Wynn, —, Allstate — Stock, FactSet . Arm Locations: LSEG

☆ The UK sent a new warship to the Red Sea to take over from a vessel that's been attacked three times by Houthi rebels
▼ + stars: | 2024-02-07 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

The UK has sent a warship to the Red Sea to replace another vessel, per the Ministry of Defence. HMS Richmond will take command of the UK's mission in the region, supporting US operations, it added. AdvertisementThe UK Ministry of Defence said that one of its warships was being replaced in the Red Sea after it suffered three separate attacks by Houthi rebels. The HMS Richmond will replace the HMS Diamond in the waters, the ministry announced in a press statement on Tuesday. AdvertisementMeanwhile, HMS Richmond will assume command of the UK's operation in the Red Sea.

Persons: Houthi, HMS, —, HMS Diamond, Peter Evans, Grant Shapps, Brian Raymond, Yahya Saree Organizations: Ministry of Defence, MOD, Service, HMS, Operation Prosperity Guardian, Royal Marines, Wildcat, Pentagon, Prosperity Guardian, US Navy SEAL, US Locations: Red, HMS Richmond, Iran, Iranian, Richmond, Gaza

“I'm focused on the work,” Mayorkas said, “that's what brings me to Las Vegas today.”The Homeland secretary shared the reason for a seven-minute timeout that paused the AFC championship game between the Baltimore Ravens and Kansas City Chiefs on Jan 28. “Super Bowl is a no-drone zone.”Karon Ransom, U.S. Secret Service agent in charge in Las Vegas, put the number of federal law enforcement agents in Las Vegas for the Super Bowl and related events at 750. Clark County Sheriff Kevin McMahill issued a familiar call for people who see something to say something and noted that Las Vegas has hosted a series of recent headline-grabbing events: the Formula One Las Vegas Grand Prix in November; a University of Nevada, Las Vegas shooting in December; New Year's Eve fireworks that drew hundreds of thousands of revelers to the Las Vegas Strip. At least 65,000 people are expected at Allegiant Stadium for the Super Bowl, and Las Vegas tourism officials estimate the number of hotel guests and visitors in the area will top 330,000. Displaying a table piled high with fake sports memorabilia including jerseys, T-shirts, caps and a silver replica of the Vince Lombardi Super Bowl trophy, officials said investigators seized nearly $1 million worth of counterfeit merchandise over the weekend.

Persons: Alejandro Mayorkas, Mayorkas, “ I'm, ” Mayorkas, “, Cathy Lanier, Karon Ransom, ” Spencer Evans, Evans, Kevin McMahill, ” McMahill, Harry Reid, Vince Lombardi Organizations: Vegas, —, NFL, ” League, FBI, Secret Service, Homeland, Allegiant, . House, Biden Administration, AFC, Baltimore Ravens, Kansas City Chiefs, T Bank, Authorities, “, Super, Las, Prix, University of Nevada, Las Vegas Metropolitan Police Department, Harry, Harry Reid International, Customs, Border, Transportation Security Administration Locations: U.S, Mexico, Las Vegas, Pennsylvania, Vegas, Clark County

☆ Stocks making the biggest moves midday: Roblox, Enphase Energy, Snap, Alibaba and more
▼ + stars: | 2024-02-07 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

Adjusted earnings per share for the fourth quarter came in at 54 cents, slightly below the 55 cents expected from analysts polled by FactSet. Yum Brands — The restaurant stock added 3% despite Yum Brands' adjusted earnings and revenue miss for the fourth quarter. Adjusted earnings per share came in at 77 cents, topping the consensus estimate of 62 cents, according to FactSet. The company added about 300,000 net digital-only subscribers quarter over quarter, but advertising revenues came in below the company's guidance. Chipotle Mexican Grill — Shares added 8% a day after the fast-casual restaurant chain reported stronger-than-expected adjusted earnings and revenue.

Persons: Alessandro DiNello, Badri Kothandaraman, Alibaba, Amgen, Chipotle, Sonos, Walt Disney, Walt Disney's, Discovery, Fox, Alex Harring, Brian Evans, Sarah Min, Hakyung Kim Organizations: LSEG, New York Community Bank, Moody's Investors, New, Community, Enphase Energy, FactSet, Revenue, Yum Brands, KFC, Taco Bell, LSEG . Revenue, Leerink Partners, CVS, New York Times, Warner Bros, Discovery, Fox, Walt Disney's ESPN, Walt Disney, Disney, Cirrus Locations: LSEG ., Israel, Alibaba —, FactSet, FactSet .

☆ I'm a former Amazon VP who once laid off a third of a startup I had helped build. Here's what I learned about handling layoffs.
▼ + stars: | 2024-02-07 | by ( Ethan Evans | ) www.businessinsider.com time to read: +5 min

I once laid off one-third of the startup I had just helped to build. As a shrinking startup no longer needs to recruit, I administered the layoff as my last act and was laid off, in turn, the next day. AdvertisementThese days, we are seeing tons of layoffs, and good leaders need to be skilled at all parts of the layoff process for the sake of their team members and themselves. Most long-term leaders will go through several cycles of layoffs in their careers, and the best leaders recognize that layoffs are relatively common. I have made the call to lay off employees, and I have been laid off myself.

Persons: Goldman Sachs, Ethan Evans Organizations: Operations, Amazon

London-based BP reported its underlying replacement cost profit, which excludes one-time items and fluctuations in the value of inventories, down from $3.3 billion in the previous quarter. It brought in $13.8 billion for all of last year, a huge drop from the $27.7 billion it earned in 2022, when Russia's war in Ukraine sent oil and natural gas prices surging. Energy prices have since fallen as a weak global economy holds back demand for fossil fuels to power cars, planes, factories and more. Despite the drop in annual earnings, BP kept its dividend steady and said it would buy back $1.75 billion in shares as well as commit to $3.5 billion in additional share buybacks for first half of this year. It's a pressure that the energy industry is facing, with companies like BP and Shell pledging to reach net zero emissions by 2050.

Persons: Murray Auchincloss, ”, Auchincloss, Bernard Looney, Looney, Joseph Evans, ” Richard Hunter Organizations: —, BP, Shell, Exxon Mobil, Institute for Public Policy Research, “ Locations: Ukraine, London, Spain, Portugal

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