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JPMorgan spotlighted a fresh set of stocks, reflecting its analysts' top picks as May begins, including Caterpillar , Bank of America and TJX Companies . The firm's focus list includes its top equity ideas targeted around growth, income, value and short strategies. Nicholas Rosato, head of JPMorgan's North American Equity Research, said all the stocks on the list have an overweight rating. Here are some of the top picks: United Airlines shares are up about 25% in 2024, fueled largely by a strong second-quarter earnings forecast . No longer included in this month's focus list are CMS Energy and Prologis , both of which are still rated overweight by JPMorgan.
Persons: Nicholas Rosato, Morgan Stanley, Ravi Shanker, Jay Sole, Rosato Organizations: JPMorgan, Caterpillar, Bank of America, TJX Companies, North American Equity Research, United Airlines, Boeing, Investors, UBS, CMS Energy, Prologis, CMS Locations: Thursday's, Maxx
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMaersk North America president on returning to Baltimore port and the shipping outlookCharles Van der Steene, president of Maersk North America, joins CNBC's Lori Ann Larocco to discuss the Baltimore port reopening timeline, peak shipping season, and the US consumer and economy.
Persons: Charles Van der Steene, Lori Ann Larocco Organizations: North America, Maersk Locations: Baltimore, Maersk North America
Elon Musk is tightening his grip on Tesla
  + stars: | 2024-05-06 | by ( Geoff Weiss | ) www.businessinsider.com   time to read: +2 min
Top Tesla exec Tom Zhu has been redeployed to China, Electrek reports. Several other top execs have left Elon Musk's company. Musk is consolidating power at Tesla as a vote over his $47 billion pay package looms. AdvertisementOne of Tesla's top executives has been reassigned to China in another sign that Elon Musk is tightening his grip on the electric carmaker. Prior to the move, Zhu had assumed more responsibilities at Tesla as Musk was increasingly occupied by X, according to Electrek.
Persons: Tom Zhu, , Elon, Elon Musk —, Zhu, Musk, Zhu —, Tesla, Drew Baglino, Rohan Patel, That's Organizations: Elon Musk's, Service, China, X, Reuters, North, Business, Street Locations: China, Shanghai, Delaware
During the company's earnings call with Wall Street analysts later Monday, executives said that the EEOC investigation was now behind them and would no longer be a distraction. "Because of limited resources, we cannot file a lawsuit in every case where we find discrimination," the EEOC explains on its website. It's unclear if the question of whether to sue Bowlero made it to a vote with the EEOC's commissioners. He told CNBC he plans to sue Bowlero for $80 million, plus legal fees. In response, Bowlero's attorneys Alex Spiro and Hope Skibitsky at law firm Quinn Emanuel said they "are pleased with the outcome of the EEOC investigation."
Persons: Bowlero, Thomas Shannon, Robert Lavan, there's, it's, Daniel Dowe, EEOC, Dowe, Alex Spiro, Hope Skibitsky, Quinn Emanuel, Thomas Tanase, Tanase's, didn't Organizations: U.S, Commission, CNBC, AMF, Lucky, Wall Street, Bowlero Locations: North America, Virginia
A prolonged drought in southeast Asia contributed to massive fish deaths in southern Vietnam. The climate crisis and human development threaten the Mekong Delta, a key global agricultural center. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In Vietnam, the maze of wetlands that comprise the Mekong Delta is called the country's "rice bowl" because of the vast agriculture it supports. Related storiesMeanwhile, in southern Vietnam, hundreds of thousands of fish died in a reservoir last month as temperatures peaked over 100 degrees Fahrenheit and no rain fell for weeks, the AFP reported.
Persons: , El Niño, they're, Ksor Phung, VnExpress Organizations: Service, Mekong Delta, country's Ministry of Natural Resources, Environment, World Bank, AFP, Residents, Business, Getty, Commission Locations: Asia, Vietnam, Delta, El, Mekong
CNN —Hamas says it has accepted a ceasefire deal proposed by Egypt and Qatar which seeks to halt the seven-month war with Israel in Gaza. It’s unclear whether Hamas has agreed to the most recent ceasefire proposal, as outlined last week, or a revised version of it. Palestinians in Rafah celebrate news that Hamas has accepted a ceasefire proposal, May 6, 2024. More than 1 million Palestinians have fled to Rafah, where Hamas is believed to have regrouped after Israel’s destruction of much of the north of Gaza. IDF operations ongoingAsked whether Hamas’ acceptance of a deal could change Israel’s plans for Rafah, Israel Defense Forces (IDF) spokesperson Daniel Hagari said the military would continue to operate in Gaza.
Persons: Ismail Haniyeh, William Burns, Sheikh Mohammed bin Abdulrahman, Sheikh Mohammed bin Abdulrahman Al Thani, Benjamin Netanyahu’s, Matthew Miller, , , Daniel Hagari, ” Netanyahu, ” Itamar Ben Gvir, Netanyahu, ” Benny Gantz Organizations: CNN, Hamas, CIA, Qatari, Getty, Israel Defense Forces, Families Forum Locations: Egypt, Qatar, Israel, Gaza, Doha, Qatar’s, Sheikh Mohammed bin Abdulrahman Al, United States, Deir al, Gaza City, Rafah, AFP, Orit, Tel Aviv
To win penny-pinching customers back, some say they're planning smaller price increases for the rest of the year. Wendy's CFO Gunther Plosch told investors on Thursday that consumers are "still under pressure" — especially those with household incomes under $75,000. Chains raised prices drastically during the pandemic to offset rising labor and food costs, and it's coming back to bite them. For some restaurant chains, comparable sales even fell. McDonald's would "certainly" be "prudent and thoughtful" about any further price increases in the rest of 2024, Borden said.
Persons: , Gunther Plosch, Ian Borden, Joshua Kobza, Burger, Popeyes, Burger King, Wendy's, William Blair, Sharon Zackfia, Borden, Katie Fogertey Organizations: Service, Starbucks, KFC, US, Bureau of Labor Statistics Locations: Burger, North America
The Chinese jet “dropped flares about 300 meters (984 feet) in front of the Seahawk helicopter and about 60 meters (197 feet) above it,” Marles said in an interview with 9 News on Monday. The MH-60 Seahawk is a twin-engine helicopter and carries a crew of three, according to the Australian Navy. “They’re in international waters, international airspace, and they’re doing work to ensure that the sanctions that the world has imposed through the United Nations on North Korea, due to their intransient and reckless behavior, are enforced,” the prime minister told CNN affiliate Nine News. According to Australian public broadcaster ABC, Australian Navy Vice Adm. Mark Hammond raised the Toowoomba incident in a meeting with Chinese navy Adm. Hu Zhongming at an international naval symposium in Qingdao. Earlier in 2022, Australia said a Chinese warship used a laser to “illuminate” an Australian P-8A aircraft in waters north of Australia.
Persons: Anthony Albanese, Richard Marles, ” Marles, Albanese, , ” Albanese, “ We’ve, , Maj, Rob Millen, Peter Dutton, Xi Jinping, ” Dutton, Mark Hammond, Hu Zhongming, Hammond Organizations: South Korea CNN —, Seahawk, Nations, Defense Ministry, Australian Defense, Australian Navy, United Nations, North, Australian Defense Ministry, CNN, Nine, Royal Canadian Navy, Australian Defence Force, Nine News, Australian, ABC, ” ABC, Pilots Locations: Seoul, South Korea, South Korea CNN — Australia, North Korea, Canberra, Beijing, China, Canadian, South, Ottawa, Australia, Philippines, Japan, United States, Chinese, Toowoomba, Qingdao, , South China Sea, , Australian
Israeli warplanes pounded targets in the southern Gaza city of Rafah on Monday as the military told about 110,000 people sheltering there to evacuate. Many people began to leave, fearing that Israel was moving ahead with its long-planned invasion of Rafah, despite stiff international pressure. A military spokesman would not say when troops might enter the crowded city, but described the evacuation as part of Israel’s plans to dismantle Hamas and to free hostages taken on Oct. 7. Hours after the evacuation order, the political leader of Hamas, Ismail Haniyeh, issued a statement that the group had accepted a new cease-fire proposal from Qatar and Egypt, which have acted as intermediaries in peace talks. The group and Israeli officials said it was not referring to the proposal that Israel recently agreed to, leaving the conflict unresolved.
Persons: Israel, Benjamin Netanyahu’s, , Ismail Haniyeh Organizations: Hamas Locations: Gaza, Rafah, Qatar, Egypt, Israel
China was once a profit engine for GM, and its top sales market from 2010 to 2023. GM revealed several vehicles last week in China, including plug-in hybrid versions of its Buick GL8 minivan, a best-seller in China, and the Chevrolet Equinox crossover. "We think clearly that market has shifted and the landscape has shifted … with the capability of the Chinese [automakers]," Barra said. But it has had to aggressively cut prices to compete against Chinese automakers such ay BYD, Nio and others. Stellantis CEO Carlos Tavares earlier this year called Chinese automakers his company's "No.
Persons: Mary Barra, Jeff Kowalsky, we're, Barra, Paul Jacobson, GM wasn't, John Murphy, Michael Dunne, Dunne, Mark Fulthorpe, They'll, they've, Tesla, lockdowns, Elon Musk, Tingshu Wang, Reuters Tesla, Morgan Stanley, Adam Jonas, Musk, Junheng Li, Stellantis, Carlos Tavares, Zhu Jiangming, We've, We're, Ford, John Lawler, Lawler Organizations: General Motors Co, Bloomberg, Getty, General, GM, U.S, Chevrolet, SAIC, GM Pan, Asia Automotive Technology Center, Nurphoto, PSA Groupe, Chrysler, EVs, GM's, Buick, Wuling Motors, Motors, Bank of America Securities, China, Hummer, Durant Guild, America's, Detroit, P Global Mobility, Ford Motor, Tesla, Reuters, EV, Baidu, Warren Capital, Ford, Guangzhou Automobile Group, India & Asia, Lincoln, Lincoln Nautilus Locations: Detroit , Michigan, China, Barra, Beijing, Asia, Shanghai, Russia, India, Thailand, Australia, North America, South Korea, Brazil, Europe, GM's U.S, Qingdao, East China's Shandong, Indonesia, U.S, Nio, Greater China, South America
Read previewThe Australian government said Monday that a Chinese People's Liberation Army Air Force fighter jet released flares dangerously close to an Australian Defence Force helicopter over the weekend. The PLAAF jet intercepted the Royal Australian Navy MH-60R helicopter attached to HMAS Hobart in the Yellow Sea and "released flares across the flight path of the Australian Defence Force (ADF) helicopter," the Australian government said in a statement. Australian Defense Minister Richard Marles said a Chinese J-10 fighter aircraft popped flares about 300 meters in front of the helicopter and about 60 meters above it, per reporting from the AP. Related stories"This was an unsafe manoeuvre which posed a risk to the aircraft and personnel," the statement said. This isn't the first incident involving a Chinese jet engaging in troubling behavior in the vicinity of an Australian aircraft.
Persons: , Operation, Richard Marles Organizations: Service, Liberation Army Air Force, Australian Defence Force, Royal Australian Navy, ADF, Business, Australian Defense, China, of Defense, Military, Security, U.S Locations: Hobart, North Korea, Chinese, Canberra, Beijing, Australian, China, People's Republic of China
CNN —An American soldier was detained in Russia last week on suspicion of theft and is currently being held in pre-trial detention, according to two US officials. “The Army notified his family and the U.S. Department of State is providing appropriate consular support to the Soldier in Russia. The soldier was stationed in South Korea when he took leave to travel to Russia on his own, according to another US official. A State Department official confirmed that a US citizen had been detained in Russia but would not provide further details. Last July, another soldier stationed in South Korea willingly crossed into North Korea where he was immediately detained.
Persons: Gordon Black, ” “, , Cynthia Smith, , Evan Gershkovich, Marine Paul Whelan, Ksenia Karelina, John Kirby, haven’t, ” Kirby, Travis King, King, CNN’s Jennifer Hansler, Kylie Atwood Organizations: CNN, US Army, Army, Russian Federation, U.S . Department of State, Vienna Convention, Consular Relations, Soldier, US State Department, Street, Marine, NBC News, State Department, US, National Security, Joint Security Area, Incheon International Locations: American, Russia, South Korea, Vladivostok “, Vienna, Ukraine, Cavazos, Texas, Moscow, North Korea, United States, Incheon, Seoul
Longtime Starbucks CEO Howard Schultz has some thoughts on Starbucks' poor sales. He said the chain needs to listen to baristas, fix its app, and focus on the customer experience. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementHoward Schultz says Starbucks needs to fix its stores and mobile app to reverse its "fall from grace." "The company's fix needs to begin at home: US operations are the primary reason for the company's fall from grace," Schultz wrote.
Persons: Howard Schultz, , Schultz Organizations: Starbucks, Service, Business Locations: North America, China
Read previewFor the second quarter in a row, America's biggest fast-food brands continued to see their sales hit by consumer boycotts in the Middle East. McDonald's said last week that it took a sales hit from "the ongoing war in the Middle East" at restaurants in that part of the world. AdvertisementSome consumers in the Middle East and other parts of the world have avoided brands associated with the US, citing America's support of Israel. At Starbucks, the problems in the Middle East took a toll on second-quarter international sales, CFO Rachel Ruggeri said. The analysts wrote that "a social media narrative around [Starbucks'] position on the Middle East may be the primary driver" of slower sales in the US.
Persons: , McDonald's, Ian Borden, We're, Chris Kempczinski, Rachel Ruggeri, Laxman Narasimhan, David Gibbs, Gibbs Organizations: Service, Business, Starbucks, Bank of America, KFC, Yum ! Brands Locations: Japan, Europe, America, Domino's, Gaza, Israel, China, North America
Olive oil may lower risk of dementia-related death
  + stars: | 2024-05-06 | by ( Kristen Rogers | ) edition.cnn.com   time to read: +5 min
CNN —A daily spoonful of olive oil could lower your risk of dying from dementia, according to a new study by Harvard scientists. Olive oil can be a healthy, tasty addition to foods such as sandwiches and salads. Replacing 5 grams — around 1.2 teaspoons — of margarine or mayonnaise consumed daily with olive oil was associated with an 8% to 14% lower risk of death from dementia. “It is also possible that olive oil has an indirect effect on brain health by benefiting cardiovascular health,” she added. Besides cooking with olive oil, you can also use it to make salad dressings or vinaigrettes, mayonnaise, pesto or bread dip.
Persons: Anne, Julie Tessier, Harvard University’s T.H, , Duane Mellor, ” Mellor, Tessier, , David Curtis, Mellor, Curtis, Olive, it’s Organizations: CNN, Harvard, JAMA, American Society, Harvard University’s, of Public Health, Nurses, Health, Aston Medical School, Aston University, University College London Locations: Chan, North America, United Kingdom
Israel's military on Monday said it has begun evacuating Palestinians from parts of Gaza's southern city of Rafah, ahead of an expected military operation where roughly half of the enclave's entire population is sheltering. "The IDF will act with extreme force against terrorist organizations in your areas of residence, as it has done so far. Anyone who is close to terrorist organizations puts his life and the life of his family at risk," the post said. The White House — as well as the United Nations, WHO and other multinational organizations — has urged Israel against an offensive in Rafah, warning of catastrophic humanitarian consequences. Israeli President Benjamin Netanyahu said that an operation there is essential to his country winning the war against Hamas.
Persons: Khan, Al Mawasi, , Benjamin Netanyahu Organizations: Palestinian Hamas, Israel Defense, United Nations, WHO Locations: Khan Yunis, Rafah, Gaza, Egypt, Israel, Palestinian, Gaza's, Al
Israel Said Hamas’s Cease-Fire Proposal Fell Short
  + stars: | 2024-05-06 | by ( Matthew Cullen | ) www.nytimes.com   time to read: +1 min
Senior Hamas officials announced today that they had agreed to a cease-fire deal drawn up by Qatari and Egyptian mediators. But the proposal — which officials said included Israel’s complete withdrawal from Gaza during three 42-day phases of cease-fire — failed to meet Israeli demands. Many people began to leave, fearing that Israel was moving ahead with its long-planned invasion of Rafah despite stiff international pressure. By night, Israel carried out another round of what it called “targeted strikes” in Rafah. Hamas has called for a permanent cease-fire, effectively ending the seven-month war; Israel wants a temporary halt in fighting to allow for the exchange of hostages.
Persons: Israel’s, , , Israel Organizations: Hamas Locations: Gaza, Rafah, Israel
CNN —Noelia Voigt, who was crowned Miss USA in November 2023, has announced she is resigning from her role, saying the decision is in the best interest of her mental health. Voigt, of Utah, succeeded the 2022 Miss USA, Morgan Romano of North Carolina. She was the first Venezuelan-American woman to win Miss USA, according to her statement. Savannah Gankiewicz of Hawaii placed as the first-runner-up to Voigt’s victory in November, making her a potential candidate to be the newly crowned Miss USA. “Never compromise your physical and mental well-being.
Persons: CNN — Noelia Voigt, , Instagram, Voigt, Morgan Romano, Miss USA, Alexis Loomans of, Jasmine Daniels of, Organizations: CNN, Miss USA, Miss USA Organization, Miss, Jasmine Daniels of Pennsylvania, Miss Universe Organization Locations: Utah, North Carolina, Venezuelan, American, Savannah Gankiewicz, Hawaii, Alexis Loomans of Wisconsin, Texas, United States
CNN —Lando Norris won the first race of his Formula One career, storming to victory at the Miami Grand Prix on Sunday in front of a crowd flooded with celebrities. Sunday’s victory was also McLaren’s first grand prix victory since 2021 – and second in the last 12 years. “He drove perfectly, the car was really fast.”Norris finished 7.61 seconds ahead of second-placed Verstappen to win the 2024 Miami Grand Prix. The F1 season next heads to Italy for the Emilia Romagna Grand Prix with the race weekend starting on May 17. This year’s attendance at the Miami Grand Prix was a sold out 275,000 across the race weekend, according to Formula One.
Persons: CNN — Lando Norris, Max Verstappen, Ferrari’s Charles Leclerc, – Norris, “ I’m, I’ve, ” Norris, , McLaren, Zak Brown, Norris, , ” Brown, Mark Thompson, Verstappen, Brit, , Lando, It’s, it’s, ” Verstappen, Lisa, Blackpink, Tom Brady, Blackpink’s Lisa, Camila Cabello, Ed Sheeran, Anthony Mackie, Patrick Mahomes, Travis Kelce, Odell Beckham Jr, Fred Kerley, Keke Palmer, Daniel Ricciardo, Rudy Carezzevoli, Donald Trump Organizations: CNN, Miami, Prix, McLaren, Sky Sports, Getty, Emilia, Grand Prix, Miami Grand Prix, North, NFL, Miami International, Kansas City Chiefs, Former, Formula One Locations: British, Italy, Grand, North America
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. But amid the chaos, there was one solid thing in Partovi's life, one thing he knew he could always put in order: computer code. Related storiesNow, Partovi has reached the top echelon of seed investors, ranking 13th on Business Insider's Seed 100 list. 'Neo Scholars'Through his seed-stage fund Neo, Partovi has amassed a formidable portfolio of early-stage investments, including Ramp, Deel, Vanta, MosaicML, and many more. As these "Neo Scholars," as they're known, graduate or drop out to build startups, Neo backs them with money from its investment fund.
Persons: , Ali Partovi, Saddam Hussein, Partovi's, Hadi, Partovi, Facebook, Uber, There's Erik Goldman, Dropbox, Vanta, There's Ari Steinberg, who's Organizations: Service, Business, Boston University, Sharif University of Technology, Harvard, Microsoft, University, CS, Stanford, Facebook, Airbnb Locations: Tehran, Iran, Iraq, North America, Silicon
The difficult road ahead for Club holding Starbucks took a dramatic, unexpected turn this weekend — one that Jim Cramer said he's not seen before in his four decades on Wall Street. "I think he's coming from the point of view just sadness about where the franchise is," Jim said. Narasimhan said Starbucks is working on a plan to speed up customer service and improve its supply chain. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Former Starbucks CEO Howard Schultz testifies about the company's labor and union practices during a Senate Committee on Health, Education, Labor and Pensions hearing on Capitol Hill in Washington, DC, March 29, 2023.
Persons: Jim Cramer, he's, Howard Schultz, Schultz, I've, Jim, Laxman Narasimhan, Kevin Johnson, SBUX, Narasimhan, Howard, Jim Cramer's, Saul Loeb Organizations: Club, Starbucks, CNBC, LinkedIn, Health, Education, Labor, Capitol, AFP, Getty Locations: U.S, North America, China, Washington , DC
Donald Trump praised many potential running mates, including South Dakota Gov. The former president's comments come as Noem faces backlash over killing her dog. Noem has argued that killing Cricket shows she make hard choices. Kristi Noem amid the uproar over her disclosure that she killed her 14-month-old dog named Cricket decades ago. She also reiterated that killing Cricket illustrates that she won't avoid hard choices.
Persons: Donald Trump, Kristi Noem, Noem, , Donald Trump isn't, Trump effusively, Trump, She's, I've, Joe Biden, Kim Jong Un, Margaret Brennan Organizations: South Dakota Gov, Cricket, Service, Axios, Trump, North, CBS Locations: Lago, South Dakota
Gail Collins: Bret, much serious stuff to talk about today, but I want to get my canine issues out of the way first. Kristi Noem of South Dakota is publishing a new memoir she presumably hoped would help her chances of being named as Donald Trump’s running mate. Gail: In it she brags about having killed her dog, Cricket, for a string of bad behavior. Bret: In the same memoir, Noem claims to have met Kim Jong-un, the North Korean dictator, which never happened. Maybe she was confusing him with the governor of North Dakota, Doug Burgum?
Persons: Gail Collins, Bret, Kristi Noem, Donald Trump’s, Bret Stephens, Trump, Seth Tupper, Gail, Noem, Kim Jong, Doug Burgum Organizations: Gov, Cricket, South Dakota Searchlight, North, Republican Locations: South Dakota, North Korean, North Dakota
“You have to respect the office of the presidency,” Mr. Trump said. “When you are Democrat, you start off essentially at 40 percent because you have civil service, you have the unions and you have welfare,” Mr. Trump said on Saturday. director whom Mr. Trump fired amid an investigation into Mr. Trump and his campaign, was connected to the Blagojevich investigation. Mr. Trump also mocked the physical appearance of Jack Smith, the special counsel who has indicted him twice. At another point, Mr. Trump said that if anyone wanted to donate $1 million to the R.N.C.
Persons: Donald J, Trump, Biden’s, ” Mr, Trump baselessly, Biden, , Mr, , William P, Barr, Michael Whatley, Mitt Romney, Hope Hicks, Rod Blagojevich, Blagojevich’s, James B, Blagojevich, Jack Smith, Smith, Mike Johnson, Roe, Wade, Trump’s, — Susie Wiles, Chris LaCivita, Tony Fabrizio — Organizations: Republican National Committee, The New York Times, Trump, Democratic, Mr, Sun Locations: New York, Florida, Palm Beach, Fla, Manhattan, Illinois, Minnesota, Virginia, Nevada , Arizona, Georgia, North Carolina, Pennsylvania, Michigan, Wisconsin
The police forcibly dismantled a pro-Palestinian encampment at the Art Institute of Chicago on Saturday and arrested dozens of protesters, hours after demonstrators had gathered in a garden at the institute and set up tents. Some of the demonstrators were students at the School of the Art Institute of Chicago, which is affiliated with the institute, the school said in a statement. The Chicago police said on social media that officers had removed the protesters at the school’s request. A Chicago Police spokesman said Sunday that 68 people had been arrested and charged with trespassing. The protesters set up the encampment in the North Garden, which is part of the Art Institute of Chicago museum, at about 11 a.m. on Saturday, the police said.
Persons: , Organizations: Art Institute of Chicago, School of, Chicago police, Chicago Police
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