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Texas Instruments is one of the most iconic semiconductor companies in the world, with a history dating back nearly a century. Over the years, Texas Instruments has differentiated itself with a commitment to manufacturing as a core competitive advantage. In either case, Elliott thinks the company can achieve $9.01 of free cash flow per share. The company's capex plan has decimated free cash flow per share and is building to a 50% excess capacity. Elliott's plan restores the free cash flow per share growth and still builds to a 30% or 39% excess capacity.
Persons: Elliott, It's, Ken Squire Organizations: Texas, Texas Instruments, 13D Locations: COOs, China, Taiwan, U.S, capex, Richardson , Texas
CNN —The guilty verdict against Donald Trump in his New York hush money trial is a momentous news story in itself. What’s far less clear, and what no polling can predict, is the effect it will have on voters’ willingness to support Trump in the presidential election. Fifteen percent said they’d be more likely to vote for Trump and 17% that they’d be less likely to do so. Take the roughly one-quarter of Trump supporters in the NPR/PBS/Marist poll who said that a conviction would increase their chances of supporting him over President Joe Biden. The best gauge of any immediate, tangible effect on voters’ preferences might be polls of the presidential race.
Persons: Donald Trump, That’s, , Trump’s staunchest, Joe Biden, Trump, aren’t, , They’ve Organizations: CNN, Trump, NPR, PBS, Marist, Reuters, Republicans, Biden Locations: New York, Quinnipiac
Chocolate's key ingredient has soared in commodities markets throughout 2024. Factors such as crop disease, El Niño, farm-gate prices and market speculation all played big roles in cocoa's historic price run-up. As the chocolate industry grapples with higher input costs, consumers are feeling the pinch, and chocolate providers are beginning to consider alternatives. The food and beverage company partnered with Voyage Foods in April to produce the alternatives. Watch the video above to learn more about the causes of this prolonged price rise, and what's next for the industry.
Persons: El, Paul, Cargill, Adam Maxwell, what's Organizations: Rabobank, Voyage Foods, Foods
They said my building was covered under the new Good Cause Eviction law, and my rent increase would instead be 8%. AdvertisementWhat is Good Cause Eviction? Good Cause also has what's called the reasonable rent increase measure: Buildings covered under Good Cause have limits on how much landlords can raise rent. I was under the impression that this building falls under the good cause eviction umbrella. Will Good Cause Eviction change or impact your life?
Persons: Weaver, , Ellen Davidson, Davidson, Allia Mohamed, it's, Mohamed, that's Organizations: Service, Business, New, New York, Housing Justice, , Legal Aid Society Locations: New York City, Central Park, New, New York, Bronx, Brooklyn
During an interview with an Indian newspaper regarding plans to construct a third aircraft carrier, Defense Minister Rajnath Singh said India would build yet more. "He was only trying to dispel suggestions that the government is resistant to a proposal for a third aircraft carrier." They would also be less expensive, with the third Indian carrier estimated at around $5 billion, compared to $13 billion for a Ford-class carrier. On the other hand, there is a reason why America builds enormously expensive aircraft carriers. Despite its drawbacks, the aircraft carrier's aura and impact in peacetime operations are unmatched."
Persons: , that's, it's, Rajnath Singh, Abhijit Singh, India's, Imtiyaz Shaikh, Queen Elizabeth, Singh, Michael Peck Organizations: Service, Indian Navy, Business, Indian, Defense, Observer Research Foundation, Getty, India, Soviet, Nimitz, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: India, New Delhi, China, Djibouti, Ream, Cambodia, Gwadar, Pakistan, Sri Lanka, Kyaukpyu, Myanmar, Fujian, Forbes
And now, 180 years later, international cricket returns to the US with the men’s T20 World Cup. Three venues across the country – in Lauderhill, Florida, New York and Dallas – have been constructed to host T20 World Cup games. The Grand Prairie Cricket Stadium in Dallas, Texas, will host the first game of the men's 2024 T20 World Cup. The Kensington Oval in Bridgetown, Barbados, will host the men's T20 World Cup final. How to watchThe 2024 men’s T20 World Cup begins on Saturday, June 1, with the two North American debutants – the US and Canada – opening proceedings against one another.
Persons: cricket’s, , US –, Dallas –, Lauderhill, Shelby Tauber, ” Victor Cruz –, New York Giants –, Monank Patel, Corey Anderson, Anderson, Ali Khan, Khan, , Brian Lara, Viv Richards, Chris Gayle, Randy Brooks, St, Vincent, “ I’ve, Frank Nsubuga, Joel Ford, Organizations: CNN — Cricket, Major League Cricket, US, Dallas, Nassau County International Cricket, Prairie Cricket, Bloomberg, Getty, Inter Miami, Major League Soccer, New York’s Major League Baseball, Adelaide Oval, , New York Giants, New Zealand, Black Caps, Guardian, Caribbean . Cricket, West Indies, Kensington, North, Reuters, ICC, Grand Prairie Cricket, West, Sunday, Sky Sports, UK Star Sports Network, Disney Locations: Manhattan, Caribbean, Lauderhill , Florida , New York, Nassau, New York, India, Pakistan, Dallas , Texas, Florida, Australia, York, Ohio, Trinidad and Tobago, Guyana, Barbados, Bridgetown, AFP, Barbuda, Saint Lucia, Grenadines, Uganda, Canada, Papua New Guinea
CNN —Cristiano Ronaldo was left sobbing on the pitch after Al-Nassr lost the Saudi King’s Cup final in a penalty shootout to rival Al-Hilal on Friday. The agonizing defeat, after the penalty shootout finished 5-4, meant that Al-Nassr finished the season without a trophy, while Al-Hilal triumphed in three competitions – the Roshn Saudi League, the Saudi Super Cup and the Saudi King’s Cup. Al-Hilal played most of extra time with another man down after Kalidou Koulibaly was sent off for accumulating two yellow cards, but refused to concede another goal and the final ended in a dramatic penalty shootout. There, Ronaldo converted his penalty but could only watch on as Moroccan goalkeeper Yassine Bounou saved Al-Nassr’s last two penalties to give his team the victory. The defeat came after Ronaldo became the all-time top scorer in a single Saudi Pro League season earlier this week with 35 goals.
Persons: CNN — Cristiano Ronaldo, Nassr, Hilal, Ronaldo, hasn’t, Al Hilal, Aleksandar Mitrović’s, David Ospina, Ronaldo's, Stringer, Ali Al, Ayman Yahya, Kalidou Koulibaly, Yassine Bounou, Nassr’s Organizations: CNN, Saudi King’s, Al, Saudi League, Saudi Super, Reuters, Saudi Pro League Locations: Hilal, Al, Saudi Arabia
Read previewInfluential proxy advisor Institutional Shareholder Services (ISS) has recommended that Tesla shareholders vote against Elon Musk's proposed $56 billion pay package. AdvertisementIt comes after Glass Lewis, another leading proxy advisory firm, also urged Tesla investors to vote against the deal. Tesla was quick to respond to the report in a letter to shareholders titled "What Glass Lewis Got Wrong About Tesla." Related storiesOn the other hand, Glass Lewis urged shareholders to reject the proposed move, saying it offered them "uncertain benefits and additional risk. "ISS and Glass Lewis effectively control the stock market," he added.
Persons: , Elon Musk's, Musk, Glass Lewis, Tesla, John Thys, Lewis Organizations: Service, Services, ISS, Tesla, Bloomberg, Business, Company, Getty, Harvard Law, Corporate, SpaceX, Boring Company Locations: Texas, Amsterdam, AFP, Tesla, Delaware
CNN —Billie Eilish’s new song, “Lunch” is the definitive queer anthem of 2024. Eilish’s “Lunch” symbolizes the seismic evolution in queer women expression in music. Eilish’s “Lunch” is a brilliant reinvention of our freedom of queer expression, and it comes at a most desperate time. If only we tune into Eilish’s song and to its inherent humanity — carnal, raw, authentic — and recognize in it our own hidden desires that we should face with the same openness she does. What Eilish has achieved, though, with her latest album and particularly with the song, “Lunch,” is to raise the bar on the unabashed expression of queer and women’s sexual desire.
Persons: Allison Hope, Billie Eilish’s, ” Allison Hope, Eilish, Marsha P, Johnson, Billy Porter unapologetically, She’s, Barbie, Finneas O’Connell, We’ve, Whitney Houston, Lang, Tracy Chapman, Jodie Foster, Elliot Page, Katy Perry’s, It’s, Nex Benedict, Starr Brown, Trevor, Lily Tomlin, Rosie O’Donnell, Ellen DeGeneres, Melissa Etheridge Organizations: New Yorker, The New York Times, Washington Post, CNN, Slate, Pride, MTV, US State Department, FBI, Department of Homeland Security, Twitter, Facebook, Lifeline Locations: New, Stonewall, New York, veneers, k.d, Russia, Ghana, Uganda, Italy, Buenos Aires, Memphis
Utility stocks are an affordable way to gain exposure to the artificial intelligence trend and hedge against a slowing economy even after the sector's recent rally, according to Goldman Sachs. Yet, utility stocks still remain relatively affordable. Goldman is forecasting above consensus earnings growth of 2% on average in 2026 for the 16 utility stocks it covers. NextEra , Xcel Energy , Sempra and Southern Company offer the best exposure to the data center power demand surge among Goldman's buy-rated stocks, according to the bank. "However, a return to a rising bond yield environment could weigh on the performance of utilities," the Goldman analysts said.
Persons: Goldman Sachs, Goldman, Ryan Hammond Organizations: Utilities, Xcel Energy, Sempra, Southern Company, American Electric Power Company, Eversource Energy, FirstEnergy Corp, Federal Reserve, Goldman Locations: U.S
“Under the proposal, Israel will continue to insist these conditions are met before a permanent ceasefire is put in place. The notion that Israel will agree to a permanent ceasefire before these conditions are fulfilled is a non-starter,” the statement said. The earlier PMO statement insisted the “exact outline” of the proposal allows Israel to “maintain” its goals in the conflict. Gvir, Israel’s National Security Minister, had previously threatened to leave Netanyahu’s coalition if a ceasefire is reached before Israel achieves its declared war aims. The international pressure Netanyahu’s government is facing to end the war in Gaza has been mounting, as the conflict approaches its ninth month.
Persons: Benjamin Netanyahu, Joe Biden, Israel, Biden, , Israel ” —, Netanyahu, ’ Biden Netanyahu, Yair Lapid, Biden’s, ” Lapid, Itamar Ben Gvir, Bezalel Smotrich, Organizations: CNN, Israeli, Hamas, UN, Prime, , Prime Minister’s, Times, National Security Minister, Israel Locations: Gaza, Israel, France, Rafah
It's been a near-frictionless seven months for the S&P 500, with the benchmark index up a cool 26% since late October. While earnings were just fine in the first quarter, if they start to decline alongside a slowing economy, stocks will go with them. He sees the S&P 500 declining by more than 50% when all is said and done. The current inversion of 580 days implies a drop of around 65% for the S&P 500. Those fears have since dissipated, and the S&P 500 has rallied 47% since October 2022.
Persons: It's, Jon Wolfenbarger, Merrill Lynch, BullAndBearProfits.com Wolfenbarger, Wolfenbarger, Bullandbearprofits.com Wolfenbarger, Jeremy Grantham, Marko Kolanovic, Albert Edwards Organizations: Service, JPMorgan, Fed, OVOM
Real Madrid had the celebratory jerseys ready as soon as its place in the Champions League final was secured. As the players raced to one another, exulting in yet another heart-stopping, nerve-shredding win, staff members sprinted onto the field after them, ensuring each star was correctly attired. The shorthand ran the risk of coming across as hubris: Real Madrid’s 15th Champions League title was still one win away. The Champions League, as far as the team that has won it twice as often as anyone else is concerned, very much belongs to Real Madrid. That belief has put the Spanish club at the center of a power struggle whose stakes include nothing less than control over the future of European soccer.
Persons: Florentino Pérez, Aleksander Ceferin Organizations: Real, Champions League Locations: Real Madrid, Spanish
He also warned that the death of any Filipino citizen at the hands of another country in the South China Sea would be “very close” to an act of war. It is also a rare opportunity to hear from, and pose questions to, senior Chinese military leaders. Robert Ward, IISS Japan chair, told CNN he felt Dong’s tone was “more shrill” than he’s seen in previous speeches by Chinese defense chiefs at the gathering. “The strategic environment in Asia has actually got more tense and I think we saw that in the Chinese defense minister’s speech today,” Ward said. “Every year for three years, a new Chinese defense minister has come to Shangri-La,” the official told CNN.
Persons: Dong Jun, ” Dong, , Xi Jinping, Dong, Lloyd Austin, ” China’s, , Lai Ching, China, Ferdinand R, Marcos Jr, Austin –, China “, Robert Ward, he’s, ” Ward, they’ve Organizations: Singapore CNN, Taiwan, National Defense, Communist Party, Democratic Progressive Party, China’s Defense Ministry, South China, Austin, International Institute for Strategic Studies, CNN, US Locations: Singapore, Beijing, Taiwan, United States, China, Taiwan Strait, East, South, South China, Philippines, , American, The Hague, Philippine, Ukraine, Dong, Russia, Asia, Pacific, Japan
CNN —There must be few sights in football more daunting than lining up against Real Madrid in a Champions League final. Simply put: No matter how perilous the position, never count Real Madrid out in the Champions League. Terzić celebrates after Dortmund reached the Champions League final against PSG. “What has made us so strong, especially in the Champions League, is what we can influence. “They haven’t lost in eight Champions League finals in a row.
Persons: Blancos, , “ We’re, ” Carlo Ancelotti, We’re, we’re, ” Real, Clive Brunskill, Germain, Merengues, Nacho, Joselu, Real’s, , ” Ancelotti, hadn’t, Die, Bayer, Christine Poujoulat, Edin Terzić, , Terzić, “ I’m Organizations: CNN, Real Madrid, Champions League, Liverpool, Milan, Borussia Dortmund, Wembley, Saturday’s Champions League, Bayern Munich, PSG, Atlético, “ Borussia, Paris Saint, Manchester City, RB Leipzig, Bayern, Real, League, , Juventus, Dortmund, Bayer Leverkusen, Terzić, Getty Locations: Madrid, Chelsea, Manchester, It’s, ” Dortmund, AFP
Cathie Wood's decision to sell more than 1 million shares of Nvidia came as the stock rocketed to astronomical highs. Ark Invest has missed out on more than $1 billion in returns by selling Nvidia stock too early. Ark Invest sold 859,000 Nvidia shares in the fourth quarter of 2022, when the stock was trading below $150 per share. In the first quarter of 2024, ARK Invest continued to pare down its Nvidia stake, selling 81,239 shares. ARK Invest has redeployed its proceeds from selling Nvidia stock into other potential AI companies, though few of those investments have panned out.
Persons: Cathie, , ChatGPT, Wood, pare, it's Organizations: Nvidia, Invest, Ark Invest, Service, Securities and Exchange Commission, CNBC, ARK Invest, Wall Street
Liaoning and ShandongAircraft carrier Liaoning set out for sea trials at Dalian shipyard with the help of tugboats. A J-15 fighter takes off from aircraft carrier Shandong during the combat readiness patrol and military exercises around Taiwan. Aircraft carrier USS Gerald R. Ford sails in the Adriatic Sea. China has no experience operating carrier catapults on its warships (though it did study carrier catapults when it purchased the decommissioned Australian carrier HMAS Melbourn from Canberra in 1985 under the guise of scrapping). AdvertisementChina's third aircraft carrier, the Fujian, docks in Shanghai with a Chinese flag seen in the foreground.
Persons: , Kuznetsov, Pu, Gerald R, Ford, George H.W, George H.W . Bush, Smith, Jackson Adkins, John F, Kennedy, Doris Miller, Dwight D, Eisenhower, Jacob Mattingly, Li Gang, Timothy Heath, Heath, China's, Benjamin Brimelow Organizations: Service, US Navy, Business, Shandong Aircraft, Getty, People's Liberation Army Navy, Getty Images Fujian, EA, Jiangnan Shipyard, Getty Images, PLAN, Xinhua News Agency, Nimitz, Ford, Aircraft, Greyhound, Navy, Carrier, USS Enterprise, Pacific Fleet, Shandong, RAND Corporation, US, Global Affairs, Fletcher School of Law, Diplomacy, Modern, Institute Locations: Shanghai, Fujian, China, China's, Liaoning, Dalian, Shandong, Soviet, Ukraine, Taiwan, Xinhua, Getty Images China, George H.W ., Adriatic, Melbourn, Canberra, Sanya, Hainan Province, West
Hong Kong CNN —China’s Chang’e-6 lunar lander successfully touched down on the far side of the moon Sunday morning Beijing time, in a significant step for the ambitious mission that could advance the country’s aspirations of putting astronauts on the moon. China’s most complex robotic lunar endeavor to date, the uncrewed mission aims to return samples to Earth from the moon’s far side for the first time. The landing marks the second time a mission has successfully reached the far side of the moon. The probe will spend two days on the far side of the moon, and 14 hours to collect moon soil samples, Xinhua reported. Last year, India landed a spacecraft on the moon for the first time, while Russia’s first lunar landing mission in decades ended in failure when its Luna 25 probe crashed into the moon’s surface.
Persons: China’s Organizations: Hong Kong CNN, China National Space Administration, Xinhua, Luna, NASA Locations: Hong Kong, Beijing, Aitken, China, United States, Mongolia, India, Japan, Texas
The S & P 500 is a mere 1.2% from its all-time high, yet only 60% of its member stocks are up for the year and just over 40% last week were above their 50-day moving average. .SPX YTD mountain S & P 500, 1-year We seem to undergo one of these periods of decrying a lack of market breadth every few months in recent years. Bespoke Investment Group last week looked at the small number of past instances when the S & P 500 was so close to a record yet most stocks were beneath a 50-day average. The 100-day correlation between the S & P 500 and the Dow Jones Industrial Average has hit its lowest level since the dot-com bust of the early 2000s, according to CNBC's Data & Analytics group. The S & P 500 at the highs hit 21-times forward earnings, and we've spent very little time above that outside the pandemic melt-up and the tech boom/bust a quarter-century ago.
Persons: Warren Pies, Dow, Scott Chronert, we've Organizations: Investment, 3Fourteen, Nvidia, Treasury, Microsoft, Apple, Dow Jones, Dell Technologies, Citi, UBS Locations: Banks
Borussia Dortmund, one of Germany’s most successful soccer clubs, is rooted in the industrial Ruhr region and prides itself on retaining its working-class roots, community engagement and anti-establishment mentality. That’s why, in the week before one of the biggest games in the club’s history, some Dortmund fans are angry about a sponsorship deal with Rheinmetall, a major German weapons producer. Everyone from club officials to lawmakers have weighed in on the move, which has provoked a debate about the normalization of the military in German society. Still, many fans would rather just focus on Dortmund’s appearance in the showcase game of the European season, the Champions League final on Saturday against Real Madrid. Generations of Germans, raised on the postwar idea that “never again” should their nation foment an armed conflict, remain uneasy associating with the defense industry.
Persons: , Organizations: Borussia Dortmund, Dortmund, Rheinmetall, Champions League, Real Madrid Locations: Dortmund’s, United States, Germany
For decades, homeowners insurance was considered a very stable line of business for insurance companies, said Chuck Nyce, a professor of risk management and insurance at Florida State University. The US homeowners insurance industry saw net losses jump to $101.29 billion in 2023, according to the report. Only two of the 20 largest US homeowners’ insurance companies were profitable last year. Kaylee Greenlee Beal/ReutersWhile property insurance is not mandated by law, most lenders require it for mortgage holders. Last year, Florida’s state-backed Citizens Property Insurance Corp. became the 10th largest homeowners’ insurer in the US, S&P Global said.
Persons: it’s, aren’t, Chuck Nyce, Nyce, Mario Tama, , Lynne McChristian, policyholders, Greenlee Beal, Aris Papadopoulos Organizations: CNN, P Global, Florida State University, Volunteers, P, University of Illinois, Property Insurance Corp, Florida Locations: States, Arizona , Illinois, Utah, Lahaina , Hawaii, Hawaii, Urbana, Champaign, Florida, California, Louisiana, North Carolina, Texas, Houston, Florida’s
The Mexican government did not grant women the right to vote in national elections — or the right to hold public office on a national level — until Oct. 17, 1953. Now, almost 71 years later, for the first time two women are leading the race to be Mexico’s next president: Claudia Sheinbaum, who is the front-runner, and Xóchitl Gálvez. But they have been cautious about lingering too long on women’s issues in their campaigns, conspicuously tiptoeing around abortion and reproductive rights, seemingly out of deference to conservative voters. Neither candidate has put forth a strong agenda to serve the women who put them where they are today. To be fair, male candidates have not historically been required to present their agenda for women either.
Persons: Claudia Sheinbaum, Xóchitl, machismo, Sheinbaum, Gálvez, Felipe Calderón, Andrés Manuel López Obrador Locations: Mexico, U.S
Stand-up comedian Deborah Vance (Jean Smart) has finally hit it big in the wake of her comedy special. That means ending their long-standing professional relationship and coming to terms with the way Deborah has treated him as a business partner and one of her most ardent fans. Toward the end of the season, when he decides to step away from Deborah, what's going through his head? It feels really, really safe. I've said this before, but if you're not a queer person on "Hacks," you're an ally in every sense of the word.
Persons: Deborah Vance, Jean Smart, Ava, Hannah Einbinder, Deborah, Marcus, Carl Clemons, Hopkins, Damien, Mark Indelicato, Deborah's, Clemons, , Indelicato, Hilary Bronwyn Gayle, Max Marcus, Tony, Tony Hale, Gary, Damien's, there's, Jake Giles Netter, Carl, Deborah —, he's, what's, Deborah Vance Inc, Vance, Max I'm, We're, it's, Lucia, Jen, Paul, we're, Max, That's, Hunter Green, that's, It's, Betty, I've Organizations: Service, Business, BI, Hopkins Locations: Deborah's, Deborah
New Delhi CNN —There’s no fresh water in the slums of Delhi’s Chanakyapuri neighborhood. She tried to run back for it – but it was too late, the water had run out. Residents in Delhi’s Chanakyapuri neighborhood clamber to get water under baking heat on May 31, 2024. As record heat grips northern India, the Delhi government has been forced to ration these free water deliveries. But if they get to the hospital late and the intervention is late, the mortality rate is so high.
Persons: New Delhi CNN —, Shah, Vijay Bedi, , it’s, Poonam Shah, Ram Manohar Lohiya, Ajay Shukla, Anupam Nath, ” Dr Shukla, Kali Prasad, aren’t, Farwa Aamer, Aamer Organizations: New, New Delhi CNN, CNN, Indian Meteorological Department, Ram, , Workers, Asia Society Policy Institute Locations: New Delhi, Delhi’s Chanakyapuri, India, Delhi, Guwahati, South Asia
A retired four-star U.S. Navy admiral, who was once the military branch's second-highest-ranking officer, was arrested on Friday for a bribery scheme with two tech CEOs, the Department of Justice announced. In 2021, Burke allegedly told his staff to award Kim and Messenger a $355,000 military contract. In exchange, Kim and Messenger allegedly promised Burke employment at their company in the future. According to Parlatore, Burke only worked at Next Jump for a couple of months and left the organization in part due to "personality conflicts." Though the Fat Leonard scheme is not directly connected to Burke's case, Parlatore side-eyed the DOJ's timing in bringing Burke's bribery charges.
Persons: Robert Burke, Charlie, Kim, Meghan Messenger, Burke, Messenger, Admiral Burke, Timothy Parlatore, Parlatore, Leonard Francis, Leonard, Francis Organizations: U.S, Navy, Department of Justice, New, DOJ, CNBC, Messenger Locations: Coconut, Fla, New York, Washington, U.S, Kobe
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