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☆ The moon's pull is so strong it may trigger earthquakes on Earth. Scientists are still baffled by its power.
▼ + stars: | 2023-06-10 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +6 min

A small handful of experts claim to have evidence that our satellite produces forces that can trigger earthquakes. The moon's effect on earthquakes was hiddenScientists have long pondered whether the moon's tides could be linked to earthquakes. And it seems that in some cases, the moon did help trigger earthquakes around the world. By digging into these datasets, a few studies have suggested a link between Earth tides and earthquakes. Rather, it is when the rock is on the very brink of collapse that the moon's small tug could push it past that final tipping point.

Persons: —, Vi Nguyen, Chris Scholtz, Scholtz, Juan, Scholz, C.H, Tan, Nat Commun, Davide Zaccagnino, Zaccagnino Organizations: Service, NASA, Columbia Climate School, Pictures, NOAA, US, Nature Communications, Sapienza University of Rome Locations: Fuca, Earthquakes

☆ Freight Broker C.H. Robinson Names Ford Executive as CEO
▼ + stars: | 2023-06-06 | by ( Paul Berger | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/freight-broker-c-h-robinson-names-ford-executive-as-ceo-86bdf3bd

Persons: Dow Jones, 86bdf3bd

☆ Stocks making the biggest moves midday: Palo Alto Networks, 3M, Amedisys, Target and more
▼ + stars: | 2023-06-05 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

A view of the exterior of the new Dutch head office of international technology company 3M in Delft, Netherlands, November 5, 2014. EPAM Systems — Shares of the software engineering firm tumbled 18% after it cut guidance amid further deterioration in near-term demand. Amedisys — The health care company's shares rallied 14% after it received an unsolicited buyout offer from Optum, a unit of UnitedHealth , to acquire Amedisys for $100 a share in cash. ImmunoGen — The biotechnology company's shares gained 5% after it announced results from ovarian cancer treatment Elahere showing a roughly 35% reduction in the risk of disease progression or death compared to chemotherapy. Dollar General — Shares fell 2.7% after Morgan Stanley downgraded the discount retailer's stock to equal weight from overweight Sunday.

Persons: Dow, Coinbase, Binance, Changpeng Zhao commingled, Robinson, Ford's David Bozeman, Morgan Stanley, KeyBanc, —, Yun Li, Alex Harring, Jesse Pound, Samantha Subin, Brian Evans Organizations: Palo Alto Networks, Dow Jones, Dish Network, 3M, Bloomberg, U.S . Securities, Exchange Commission, Care, Ford, Equitrans Midstream Corporation, Ford Motor Co, Citi, Spotify, Target, Apple —, Developers Conference, Apple Locations: Delft, Netherlands, Optum, Bozeman, U.S, Cupertino , California

☆ Opinion | The Earthquake Changed Turkey, but Change Is Complicated
▼ + stars: | 2023-05-18 | by ( Naomi Cohen | ) www.nytimes.com time to read: +2 min

Neither party managed to claim an outright majority in the first round, and a runoff is planned for May 28. If Mr. Erdogan is confident that he’ll succeed in the second round, it might be because of places like Adiyaman, where he won 66 percent of the vote. A huge poster of Mr. Erdogan nearby promised free natural gas for a year. Mr. Kilicdaroglu pledged free housing for earthquake victims on another poster, but that one was a three-and-a-half-mile drive away. : the party of Mustafa Kemal Ataturk and secularism; the party that once supported a ban against the head scarf in public institutions.

Charles III has commissioned new works for his coronation, adding to the rich tapestry of pieces composed for the occasion. The first coronation music was likely sung chants, which, starting in 1603 with the coronation of James I, were refashioned into coronation anthems now with English text. Both have since become staples in the coronation service. And at the most recent coronation, comparisons between Elizabeth II and Charles III are unsurprisingly being made. Charles III’s coronation is set to usher in the new Carolean era, in the hopes that it will reflect its namesake Charles II and his contributions to art and music.

The conglomerate reported adjusted first-quarter earnings of $2.07 per share on revenues of $8.86 billion. Southwest Airlines — The airline company's shares slipped 3.4% following a wider-than-expected loss for the first quarter. The pharmaceutical company posted adjusted earnings per share of $2.46, while analysts had estimated $2.51, according to StreetAccount. United Rentals — Shares fell 5.7% after the company's first-quarter earnings came in below expectations. CBRE — Shares of the real estate group soared 8.8% after CBRE's first-quarter earnings announcement buoyed investor sentiment.

☆ Software giant Oracle and five consumer names are among Wall Street’s most overbought stocks
▼ + stars: | 2023-04-08 | by ( Fred Imbert | ) www.cnbc.com time to read: +3 min

A stock is considered overbought if its 14-day RSI goes above 70, meaning investors should consider easing their exposure. Meanwhile, a stock with a 14-day RSI under 30 is considered oversold, meaning it may want more to that name. CNBC Pro screened for S & P 500 stocks in overbought territory, based on their relative strength index. Oracle topped the list with a 14-day RSI of 95.6. FRC 1M mountain FRC this past month Other stocks approaching oversold territory are Charles Schwab , Digital Realty , Applied Materials , AMD , C.H.

☆ Donald Trump isn't the first Trump to get arrested. His father Fred was arrested twice, reports say — once at a Ku Klux Klan riot, and another time over building code violations.
▼ + stars: | 2023-04-05 | by ( Matthew Loh | ) www.businessinsider.com time to read: +6 min

His father Fred Trump was also arrested: Once in 1927 and again in 1976, per archived news reports. 1927 arrest: Ku Klux Klan riot, New York CityFred Trump was arrested in 1927 during a Ku Klux Klan riot in Queens on Memorial Day, per The New York Times. "Fred Trump of 175-24 Devonshire Road, Jamaica, was discharged," is all The Times mentioned of his name. Officials arrested Fred Trump just after he flew into Prince George's County from New York in September that year, The Post reported. Fred Trump was eventually released on a $1,000 bond and was free to return to New York, The Post reported.

☆ Beware of these S&P 500 stocks expected to struggle
▼ + stars: | 2023-03-19 | by ( Fred Imbert | ) www.cnbc.com time to read: +3 min

Investors may want to consider dumping some stocks expected to underperform going forward, especially as market volatility remains elevated. Bleach maker Clorox made the list with an average analyst rating of underweight. The transportation stock has an average rating of hold, and 25% of analysts covering it rate it as sell. The average analyst price target on C.H. Other stocks that made our list are Pinnacle West Capital , Expeditors International of Washington , Consolidated Edison and T. Rowe Price .

☆ Exclusive: C.H. Robinson in advanced talks to name Barber as new CEO
▼ + stars: | 2023-03-09 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +2 min

Barber, who spent nearly 35 years working at package delivery company UPS before retiring in early 2020, joined the C.H. Robinson board as a director late last year. A spokesperson for the company said there is "no update" on the search, noting "the CEO role at C.H. The Board is committed to conducting, and is underway on, an open and inclusive search to find our next CEO." Last year Reuters reported that Danish transport and logistics company DSV A/S (DSV.CO) was interested in buying C.H.

☆ JPMorgan downgrades C.H. Robinson, says transportation stock is more exposed to macro risks than rivals
▼ + stars: | 2023-02-17 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Robinson has a tough road ahead in 2023, according to JPMorgan. Analyst Brian Ossenbeck downgraded the stock to underweight from neutral. The analyst named rail congestion fees, truckload rate cycles and coal volumes as headwinds for the company in 2023 despite an improving industry outlook. Robinson is more exposed to broader industry and macro risks than some of its competitors, notably RXO. However, JPMorgan thinks that there are still significant downside risks to the stock despite its recent gains.

☆ Stocks making the biggest moves premarket: DraftKings, DoorDash, Deere, Roku and more
▼ + stars: | 2023-02-17 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

The company reported a loss of 53 cents per share on revenue of $855 million. Deere & Company — Shares advanced 3% after Deere exceeded expectations on the top and bottom lines in its latest quarter. Roku jumped 11% Thursday after the company reported a smaller-than-expected loss in its latest quarter. The company reported a 57 cent per share loss on $480 million of revenue. It reported revenue of $1.01 billion, below the consensus estimate of $1.02 billion.

☆ Here are Friday's biggest analyst calls: Tesla, Nvidia, Roku, Coinbase, DraftKings, Disney & more
▼ + stars: | 2023-02-17 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are the biggest calls on Wall Street on Friday: Compass Point upgrades Coinbase to buy from neutral Compass said the "long-term opportunities outweigh near-term risks." Goldman Sachs reiterates Tesla as buy Goldman said it's bullish heading into the company's investor day on March 1. KeyBanc reiterates Nvidia as overweight KeyBanc raised its price target on the stock to $280 per share from $220. Daiwa reiterates Disney as buy Daiwa said it sees international growth for Disney which will further drive parks outperformance. Evercore ISI adds a positive tactical call on Walmart Evercore said it's bullish on Walmart heading into earnings next week.

☆ Freight Broker C.H. Robinson Digs in Against Activist Investor
▼ + stars: | 2023-02-03 | by ( Paul Berger | ) www.wsj.com time to read: +4 min

Robinson Worldwide Inc. is standing its ground against an activist investor pushing for a quick and wide-ranging overhaul of the country’s biggest freight broker as the company battles declining freight demand and growing competition. Robinson’s international freight forwarding business, a central goal of investor Ancora Holdings Group LLC as it seeks an overhaul of the business. Robinson executives said on the Wednesday earnings call that the global forwarding arm, which moves freight by air and ocean, is essential to the company’s success. Robinson is by far the largest player in the U.S. domestic freight brokerage market that matches freight shippers with available trucks. It is also among the top two U.S.-based companies in the global forwarding market that transports cargo by air and ocean.

☆ Too far, too fast: These stocks are set to decline after hot 2023 starts
▼ + stars: | 2023-02-02 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

However, analysts believe some stocks are getting ahead of themselves and are set to fall. We used FactSet data to screen for S & P 500 stocks whose consensus price targets indicate an expected decline. Here are 20 stocks analysts predict will have the biggest drops this year. Macquarie downgraded Paramount shares to underperform from neutral the day after Paramount announced its integration plans. Carnival Cruise Line 's stock has popped more than 40% in 2023 as of Thursday morning, but analysts anticipate it will drop 8.1%.

☆ Stocks making the biggest moves premarket: Meta, Align Technology, FedEx, Honeywell and more
▼ + stars: | 2023-02-02 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

Align Technology — The orthodontics company saw its shares rise 14% after its quarterly earnings and revenue beat analyst expectations. Align also said it will repurchase up to $1 billion of its common stock over the next three years. The company generated $9.19 billion of revenue, while analysts surveyed by Refinitiv were looking for $9.25 billion. Beauty — Shares for the cosmetics company jumped 1.67% after its fiscal third quarter revenue topped analysts' estimates. Refinitiv analysts had previously called for per-share earnings of 23 cents on revenue of $121.8 million.

☆ FedEx to cut senior jobs as part of larger staff reduction
▼ + stars: | 2023-02-01 | by ( Lisa Baertlein | ) www.reuters.com time to read: +3 min

FedEx did not say how many positions would be affected by the new layoffs. In mid-September, FedEx pulled its profit forecast and shares swooned more than 20% - the largest single-day drop in the company's 50-year history. But those numbers only tell part of the story because they exclude roughly FedEx 6,000 contractors and their workers, who handle most of the FedEx Ground's home delivery business. FedEx already has temporarily furloughed workers at its trucking division FedEx Freight as the pandemic-fueled e-commerce delivery bubble deflates and recession threatens, joining transportation-focused companies ranging from delivery upstart Amazon.com (AMZN.O) and trucking company C.H. Robinson Worldwide (CHRW.O) to freight broker Uber Freight and freight forwarding startup Flexport in announcing layoffs.

☆ Stocks making the biggest moves after hours: Meta, Align Technology, e.l.f Beauty and more
▼ + stars: | 2023-02-01 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Meta — The Facebook parent jumped 17% after the company announced a $40 billion stock buyback when reporting quarterly results. Meta beat analysts' estimates for fourth-quarter revenue, according to Refinitiv. Align Technology — Shares of the orthodontics company gained 14% after the company beat analysts' estimates in its latest quarter. e.l.f Beauty – The cosmetics company's shares leapt 11% after e.l.f Beauty exceeded analysts' estimates in its fiscal third quarter. That compares with analysts' estimates of $1.38 in per-share earnings on $5.68 billion in revenue.

☆ C.H. Robinson misses profit estimates as freight prices fall
▼ + stars: | 2023-02-01 | by ( ) www.reuters.com time to read: +1 min

Feb 1 (Reuters) - Logistics company C.H. Robinson Worldwide Inc (CHRW.O) on Wednesday reported a lower-than-expected quarterly adjusted profit as a sagging economy hurt freight demand and prices. Shares of the company fell about 4% to $98.0 after the bell. Rising interest rates and fears of a recession have choked consumer spending in a blow to shipment volumes in the global logistics industry. "Prices for ground transportation and global freight forwarding are declining due to the changing balance of supply and demand," interim Chief Executive Scott Anderson said in the company's earnings release.

☆ Jim Cramer says J.M. Smucker is the only new 'dividend aristocrat' worth buying
▼ + stars: | 2023-01-31 | by ( Krystal Hur | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Tuesday said that investors should consider adding J.M. Smucker stock to their shopping lists. Robinson and J.M. Smucker qualified for the S&P 500 Dividend Aristocrats and will be added to the index on Feb. 1, the S&P Dow Jones Indices said earlier this month. Smucker stock is also a great choice for investors worried about how the Federal Reserve's interest rate hikes could slow down the economy, he added.

☆ Three new stocks gain entry to the Dividend Aristocrat elite, which outperformed in 2022
▼ + stars: | 2023-01-25 | by ( Jesse Pound | ) www.cnbc.com time to read: +2 min

Smucker have made the cut for the S & P 500 Dividend Aristocrats and will be added to index as of Feb. 1, S & P Dow Jones Indices announced Tuesday. Nordson, which joined the S & P 500 last year, has actually had 42 straight years of dividend raises, according to S & P Dow Jones Indices data. NOBL 5Y mountain The NOBL fund has a solid long-term track record and outperformed during 2022's bear market. All three have outperformed the S & P 500 over the past 12 months. ProShares also offers an S & P Technology Dividend Aristocrats ETF (TDV) , which lowers the bar to seven straight years of dividend hikes.

☆ Uber Freight laying off 150, about 3% of workforce
▼ + stars: | 2023-01-24 | by ( ) www.reuters.com time to read: 1 min

Jan 24 (Reuters) - Uber Freight said Tuesday it will lay off roughly 150 employees, or about 3% of its workforce, as economic uncertainty hammers demand for shipping services. The division of rideshare company Uber Technologies (UBER.N) said the layoffs will be limited to its digital brokerage operations that match shippers with truckers seeking to haul cargo. With the move, Uber Freight joins trucking firm C.H. Robinson Worldwide (CHRW.O), freight forwarding startup Flexport, and financial services and technology firms in shedding jobs this year. Reporting Nivedita Balu in Bengaluru and Lisa Baertlein in Los AngelesOur Standards: The Thomson Reuters Trust Principles.

☆ Freight Forwarder Flexport Is Laying Off 20% of Its Workforce
▼ + stars: | 2023-01-12 | by ( Liz Young | ) www.wsj.com time to read: +4 min

Freight forwarder Flexport Inc. is cutting about 20% of its global workforce, or more than 600 workers, as the digital-focused business copes with falling shipping demand and repositions its operations to offer more supply-chain services. Mr. Petersen in June had estimated gross revenue of nearly $5 billion in 2022. The layoffs come amid a broader pullback in freight demand since the middle of last year as inflation has taken a toll on consumer demand and retailers have pulled back from earlier inventory restocking efforts. Mr. Clark, who led Amazon.com Inc.’s logistics expansion over his 20-plus years with the company, started as co-CEO at Flexport in September alongside the freight forwarder’s founder, Mr. Petersen. Mr. Clark is scheduled to fully take over the day-to-day leadership role on March 1, the company has said, and Mr. Petersen will then become executive chairman.

☆ C.H. Robinson Reaches Standstill Agreement With Activist Investor
▼ + stars: | 2023-01-10 | by ( Paul Berger | ) www.wsj.com time to read: +4 min

Robinson Worldwide Inc. has reached an agreement to work with its activist investors as analysts said new board member Jim Barber would be a strong candidate to lead the company. Robinson’s board. Robinson’s then board chair as interim CEO as the board said it would start an immediate search for a permanent successor. Robinson’s board, said Monday that Mr. Biesterfeld’s firing was a board decision. Robinson has retained executive search firm Russell Reynolds Associates Inc. to find a permanent chief executive.

☆ Freight Broker C.H. Robinson Ousts CEO Bob Biesterfeld
▼ + stars: | 2023-01-03 | by ( Liz Young | ) www.wsj.com time to read: +6 min

Mr. Anderson, 56, stepped down as chair, a position he has held since 2020. Mr. Anderson doesn’t plan to be considered as a candidate for the permanent position, according to the securities filing. Robinson and this exceptional team,” Mr. Biesterfeld said in a statement released by the company. Robinson is by far the largest player in the U.S. freight brokerage market, one that matches freight shippers with available trucks. “We got ahead of ourselves in terms of head count,” Mr. Biesterfeld said on Nov. 2.

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