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Watch Thursday's full episode of Fast Money — May 16, 2024
  + stars: | 2024-05-16 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch Thursday's full episode of Fast Money — May 16, 2024"Fast Money" is America's post-market show. Hosted by Melissa Lee and a roundtable of top traders, "Fast Money" breaks through the noise of the day, to bring you the actionable news that matters most to investors.
Persons: Melissa Lee
AdvertisementWarning: Spoilers for the first four episodes of "Bridgerton" season 3 and the book "Romancing Mr. Bridgerton" ahead. AdvertisementHannah Dodd as Francesca Bridgerton on season three, episode two of "Bridgerton." Season 3 should've built on 'Queen Charlotte' moreQueen Charlotte and Lady Danbury are underutilized so far in season three. Cressida's story is one of the best parts of the season so farCressida Cowper is given more depth in "Bridgerton" this season. "Bridgerton" season three, part two premieres June 16 on Netflix.
Persons: , Caralynn Matassa, Palmer Haasch, Adekaiyero —, Bridgerton, Penelope, Colin, schtick, Luke Newton doesn't, Luke, Caralynn, Jonathan Bailey, Palmer, that's, I'm, Eloise, Cressida, Debling, Lord Debling doesn't, Polin, they've, he's, Liam Daniel, Netflix Palmer, — they're, Kanthony, Anthony, Kate, Anthony didn't, Daphne, Simon, Benedict whoring, Benedict, Lady Tilley Arnold, Lady Tilley, Francesca, John, Kilmartin, Hannah Dodd, Francesca Bridgerton, Fran, Hannah, Violet, Claudia Jessie, I've, Charlotte, Lady, Laurence Cendrowicz, Lady Danbury, Queen Charlotte, Golda Rosheuvel, they'd, Danbury, Lord Marcus, Lady Danbury haven't, Lady Featherington, Lord Debling, Featherington, Polly Walker, it's, Will Mondrich, Mondrich, Jean Page's, Alice, Will, doesn't, Cressida Cowper, Lady Whistledown, we've Organizations: Service, Business, , Netflix Locations: Polin's, Lady Danbury, Queen, Lady, India
Read previewTesla CEO Elon Musk made the snap decision to fire the entire Supercharger team after its division chief refused to make further layoffs happen, Reuters reported on Wednesday. The billionaire said in an email to staff on April 29 that he was dissolving the entire team behind Tesla's charging infrastructure, per The Information. AdvertisementRepresentatives for Tesla, Musk, and Tinucci didn't respond to Reuters' request for comment. The Tesla chief moved quickly to assuage concerns, and assured investors that Tesla's Supercharger network isn't going anywhere. A slowdown in the rollout of Tesla's charging infrastructure would thus be a setback for Biden's clean-energy agenda.
Persons: , Elon Musk, Musk, Rebecca Tinucci, Tinucci, Tesla's, Tesla, Mercedes Benz, haven't, Aaron Luque, Joe Organizations: Service, Reuters, Bloomberg, Business, Tesla, The, Motors, Ford, Politico, BI
CNN —A furry pitch invader paused Major League Soccer play on Wednesday as a rogue raccoon ran onto the field during a match between the Philadelphia Union and New York City FC. The athletic critter ran the length of the pitch at Subaru Park in Chester, Pennsylvania, deftly evading capture while sprinting stadium staff tried to apprehend it using a trash can. “We need to find him a ball because he’s moving very well in the center of midfield,” a commentator quipped during the kerfuffle, adding that it was “entertainment of its own kind.”Raquinho the raccoon was eventually captured and later released. Eric Hartline/USA TODAY Sports/ReutersThe match was paused for five minutes as crews tried and eventually succeeded in capturing the animal, dubbed “Raquinha the Raccoon” by MLS. The Union sent out an update saying that the raccoon was “put in good hands” and was safely released.
Persons: , Eric Hartline, , NYCFC, Alonso Martínez, Hannes Wolf Organizations: CNN, Major League Soccer, Philadelphia Union, New York City FC, Subaru, Reuters, MLS, The Union Locations: Chester , Pennsylvania
Snagging a summer internship at a leading investment bank is not just a fun summer job — it's often the starting point for a career on Wall Street. Wall Street internships are not easy to land, as BI has previously reported. Goldman Sachs, for example, accepted just 1.5% of candidates into its 2022 summer internship class out of more than 236,000 applications worldwide. Interns who perform well tend to be offered a full-time job as an entry-level investment banker upon graduation. We have advice from executives at top firms like Goldman Sachs as well as former interns on how to prepare for and make the most of the Wall Street summer internship.
Persons: — it's, Steve Sibley, Ivy League university's, Goldman Sachs Organizations: Service, Indiana University's Kelley School of Business, Ivy League Locations: Snagging
Social Security trust fund reserves are projected to be depleted by 2035. The 2023 Social Security and Medicare Trustees annual report projects that the program's trust fund reserves will be depleted by 2035. "It's not that Social Security will disappear completely, but rather, the surplus bucket we rely on is at risk." The average Social Security check for a retired worker is only $1,907 per month, according to the Social Security Administration. Without sufficient action, reduced Social Security benefits might not be able to keep pace with rising costs.
Persons: Emily Millsap, you've, Roth, HSAs Organizations: Social Security, Avantax Wealth Management, Social, Social Security Administration, Workers
Neuralink reported a malfunction in its patient's brain-chip implant weeks after insertion. Noland Arbaugh told Bloomberg he "cried a little bit" after he found out about the malfunction. AdvertisementThe first person to get a Neuralink brain implant said he "cried a little bit" after finding out there had been a malfunction with the device. Noland Arbaugh told Bloomberg he realized the implant had malfunctioned weeks after he had the device inserted in January. Neuralink used a blog post last week to disclose the implant had malfunctioned, and give a progress update.
Persons: Neuralink, Noland Arbaugh, , I'd, Arbaugh Organizations: Bloomberg, Service, Business
As it is in the United States, TikTok is popular in Taiwan, used by a quarter of the island’s 23 million residents. People post videos of themselves shopping for trendy clothes, dressing up as video game characters and playing pranks on their roommates. Influencers share their choreographed dances and debate whether the sticky rice dumplings are better in Taiwan’s north or south. Taiwanese users of TikTok, which is owned by the Chinese internet giant ByteDance, are also served the kind of pro-China content that the U.S. Congress cited as a reason it passed a law that could result in a ban of TikTok in America. The video was flagged as fake by a fact-checking organization, and TikTok took it down.
Persons: Influencers, Rob Wittman, stoking, TikTok Organizations: U.S, Republican Locations: United States, Taiwan, China, America, Virginia, Taiwan’s
Read previewRussian President Vladimir Putin is on a two-day visit to China, and he's bringing along a large trade delegation. But Russia has also become increasingly reliant on China since it started the war in Ukraine. For instance, Russia is now "exporting raw materials to China while China sends finished goods, especially cars, to Russia — the latter at the expense of Russia's indigenous auto industry," she added. However, some analysts say China has more to gain from a continuing war. China and Russia are forging a partnership increasingly reminiscent of a great power alliance," wrote Michta.
Persons: , Vladimir Putin, It's, Putin, Xi —, Michta, Russia —, Europe —, China's Organizations: Service, Business, Center for, Bilateral, West, Center, Global Energy, Columbia University, Kyiv —, US Army Locations: China, Russia, Ukraine, Moscow, Siberia, Europe, Beijing
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. On Tuesday, after weeks of rumors, Equinox announced a new partnership with Australian beauty brand Grown Alchemist — meaning its long-beloved Kiehl's products are getting the boot. "It's been 13 years," Julia Klim, Equinox's VP of strategic partnerships and business development, told Women's Wear Daily of its Kiehl's deal. Advertisement(Full disclosure from Madeline Berg: I am an Equinox member and have little attachment to the Kiehl's lineup. ) AdvertisementEvery passionate online niche has two sides, and some brave souls have posted their excitement about the new products, alleging that it was actually Kiehl's products that were watered-down.
Persons: , Equinox, moisturizers, It's, Julia Klim, Equinox's, Women's, Madeline Berg, commenter, Kiehl's Organizations: Service, Business, pepsi
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Thousands of ad operations professionals log in daily to several different adtech platforms, setting campaigns live, tinkering with budgets and targeting, and producing reports. AdvertisementThe no-code platform allows users to use natural-language prompts to configure different "autopilots" across the various platforms they use. An ad-operations professional at a streaming company might use PilotDesk to automate tasks related to managing orders, campaign tracking, and post-campaign reporting. Check out the key slides from the pitch deck that helped PilotDesk secure $3 million in seed funding.
Persons: , PilotDesk, Joe Hirsch, Hirsch, Phil Herget, Herget Organizations: Service, Business, Google, Labor, Ardent Venture Partners, Roster Capital, Ardent
CNN —The NFL is distancing itself from controversial comments by Kansas City Chiefs kicker Harrison Butker during a recent commencement address. However, plenty of women (and Taylor Swift fans) have made their feelings plainly known. Harrison Butker of the Kansas City Chiefs speaks to the media ahead of Super Bowl LVIII on February 5, 2024, in Las Vegas. Conservative voices have praised Butker’s speech for being “100% correct” and for reflecting his self-professed deep Catholic faith. Feminists and Taylor Swift fans have fired backButker, 28, has been with the Chiefs for seven seasons.
Persons: Harrison Butker, Butker, , Taylor Swift, “ Harrison Butker, , Jonathan Beane, , , ” Butker, Isabelle, Robin Alam, Sam McDowell, Swift, Travis Kelce, Taylor, ’ ” Butker, Travis, ” Taylor Swift, Ezra Shaw, Harrison, I’ll, influencers, Elizabeth Keller Butker, Emory University’s, Vicki Chan, Kelce, Roger Goodell, Lisa Guerrero, • Butker, Joe Biden, Andrea Williams, Patrick Mahomes, “ Harrison Butker doesn’t, doesn’t, Yvette Walker, CNN’s Kevin Dotson Organizations: CNN, Kansas City Chiefs, Pride, Benedictine College, NFL, Chiefs, Super Bowl, Kansas City Star, Conservative, San Francisco 49ers, Getty, Emory, Emory University’s Winship Cancer Institute, Smith College, Football, Catholic, America Locations: Atchison , Kansas, Las Vegas, Atlanta, Massachusetts
Sergey Dolzhenko/EPA-EFE/ShutterstockUkrainian President Volodymyr Zelensky, NATO’s Jens Stoltenberg and other European leaders are condemning the attack on Slovak Prime Minister Robert Fico on Wednesday. NATO Secretary General Jens Stoltenberg: "Shocked and appalled by the shooting of Prime Minister Robert Fico. My thoughts are with PM Fico, his family,” she said on X.Ukrainian President Volodymyr Zelensky: "The attack on Slovakia’s Prime Minister Robert Fico is appalling. Italian Prime Minister Giorgia Meloni: "I learned with deep shock the news of the cowardly attack on Slovak Prime Minister Robert Fico. Spanish Prime Minister Pedro Sanchez: “Horrified and outraged at the attack on the Slovak Prime Minister.
Persons: Volodymyr Zelensky, Zuzana Caputova, Sergey Dolzhenko, NATO’s Jens Stoltenberg, Robert Fico, Jens Stoltenberg, Ursula von der, , Fico, , state's, Zelensky, Viktor Orban, ” Orban, Giorgia, Pedro Sanchez, ” Sanchez Organizations: Slovak, NATO, European, Slovakia’s, Spanish, Slovak Prime Locations: Kyiv, Ukraine, Slovakia, Hungarian, Spain
Post Market Wrap: May 15, 2024
  + stars: | 2024-05-15 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNews Update – Market CloseCNBC brings you fast, accurate, and actionable business news and market updates.
Organizations: CNBC
Royal Mail owner IDS set to agree $4.4 bln Kretinsky takeover bid
  + stars: | 2024-05-15 | by ( ) www.cnbc.com   time to read: +2 min
IDS owns UK's Royal Mail, which is loss making, and international parcels network GLS. Royal Mail was privatised in 2013 in one of Britain's biggest state sell-offs in decades. It is expected the commitment to offer these contractual undertakings to the British government would be reflected in the cooperation agreement between the parties if a firm offer is made, it added. EP Group now has until May 29 to make a formal offer or walk away. EP is a 100% shareholder in VESA Equity investment which owns Kretinsky's IDS stake of nearly 28%.
Persons: Daniel Kretinsky, Keith Williams Organizations: International, Services, IDS, Royal Mail, UK's, Royal, National Security and Investment, Reuters, Equity Locations: Czech, London, Britain, British
There's no sense in this, said Gary Kusin, the cofounder of Babbage, the company to which GameStop traces its roots. Imagine if Taylor Swift's brand or company went public, and all the Swifties bought stock, the shares would be overvalued. What Wall Street doesn't understand is that there are Swifties in the video game industry. "If I worked on Wall Street, I would find some other stocks and some other places to go; I wouldn't touch GameStop." And I believe that's exactly what's ailing Wall Street right now," Kusin said.
Persons: Michael Burry, Keith Gill, Gary Kusin, Babbage, Kusin, It's, Taylor, Swifties, Shorting, doesn't, Citron, Brooks, Macy's Organizations: GameStop, Melvin Capital Management, Technology, S3 Partners
Read previewNATO countries should use air defenses based in eastern Europe to take down Russian missiles and drones targeting Ukraine, a former NATO chief said. And the military alliance could do "exactly the same" to help Ukraine shoot down incoming Russian drones and missiles, Rasmussen told the outlet. Related storiesMost NATO members have so far balked at sending troops to Ukraine or targeting Russian airstrikes from their own territory. AdvertisementEven so, Ukraine's air defense interception rate dropped from 46% over the last six months to 30% last month, according to The Wall Street Journal. In response, the Pentagon said it would "rush" Patriot air defense missiles to Ukraine as part of its latest military package, after Ukrainian President Volodymyr Zelenskyy spent months begging for them.
Persons: , Anders Fogh Rasmussen, Rasmussen, Ukraine's, Volodymyr Zelenskyy, Dmytro Kuleba Organizations: Service, NATO, NATO's, Business, Wall Street, Pentagon, Washington Post Locations: Europe, Ukraine, Poland, Romania, France, Ukraine's, Russia, Spain
Tradwife content has been a social media phenomenon for a few years, and even though the trend creates a lot of discourse online and off, I’ve resisted writing about it because I think it’s a trap. Their posts sometimes come with florid captions about the joy and freedom that come from submitting to their husbands, because biblical submission doesn’t connote inferiority. The whole discussion can be a trap because the content itself is meant to be a heightened provocation — some tradwife creators post things that they label as triggering opinions and then say they get so much hate for being stay-at-home moms. But they rely on that dissonance in order to create more engagement (which leads to more clicks and more money). These posts have a way of painting feminists as haters who resist their true nature and casting career women in opposition to women who don’t work for pay.
Persons: I’ve, Locations: gauzy
John Barbata, the drummer for the Turtles, Jefferson Airplane, and Crosby, Stills, Nash and Young, who walked away from rock music at the height of his career, has died. His death was announced in a social media post by Jefferson Airplane on Monday. A cause of death was not given and a list of survivors was not immediately available. Mr. Barbata joined the Turtles after leaving his high school band and enjoyed success almost immediately, drumming on the band’s best-known track, “Happy Together,” released in 1967. “I heard that the Turtles were looking for a drummer, they called me down to the studio to try me out on some session work, the first song we recorded was ‘Happy Together,’” Mr. Barbata wrote on his now defunct website, archived by web.archive.org.
Persons: John Barbata, Crosby, Stills, Nash, Young, Barbata, , , Organizations: Jefferson
!” Trump said, accepting the challenge on his social media platform with a nod to words that typically open boxing matches. The debates are set for June 27 on CNN and September 10 on ABC News. It’ll be on cable, so not exactly pay-per-view, but certainly not the aired-everywhere style that has become typical of presidential debate since the Commission on Presidential Debates started sponsoring them in 1988. The CNN debate, on the other hand, will be conducted in a TV studio with no audience, which means no applause or cheering. After grumbling from both campaigns, the Commission on Presidential Debates issued a statement arguing that beginning in September would still allow for early voters to watch before making a decision.
Persons: CNN — Joe Biden, “ Donald Trump, ” Biden, Trump, Biden, Harry, , Clint Eastwood’s, “ Let’s, ” Trump, Trump’s, , Hugh Hewitt, It’ll, John F, Kennedy, Richard Nixon, Biden’s, Hunter, Robert F, Kennedy Jr, Organizations: CNN, didn’t, ABC News, Republican, Democratic, Social Security, ABC, Biden, Trump, Commission, Washington Post Locations: Atlanta, New York, Los Angeles, Delaware
Read previewCarthago delenda est — mean anything to you? In a series of photos showing the Meta founder celebrating his 40th birthday, Zuckerberg had a striking black shirt with a Latin phrase on it. Advertisement"Carthago delenda est" means — very emphatically — Carthage must be destroyed. As well as being a throwback to Roman history, it's a throwback to Zuckerberg's own history. So it seems appropriate that a throwback — if obscure — Latin phrase should be at the center of it.
Persons: , Mark Zuckerberg, Zuckerberg, Kwan Wei Kevin Tan, Cato the Elder, Cato, It's, Caesar, Aurelia, Maxima Organizations: Service, Senate, Business, Google, Facebook, Harvard Locations: Carthage, Tunisia, Rome, Hannibal, Carthage's
Prime Minister of Slovakia Robert Fico attends a press conference during a Special European Council Meeting on April 18, 2024 in Brussels, Belgium. Slovakia's populist Prime Minister Robert Fico on Wednesday was shot multiple times in an assassination attempt that has sent shockwaves across the continent. The 59-year-old has been transported by helicopter to hospital in the central Slovakian city of Banska Bystrica to receive treatment. A post on Fico's official Facebook page said the prime minister was "shot multiple times and is in a life-threatening state" after an "attempted assassination." Slovakian President Zuzana Čaputová "strongly" condemned the "brutal and ruthless attack" in a Google-translated Facebook post, without supplying further details of the nature of the attack.
Persons: Slovakia Robert Fico, Robert Fico, Fico, Zuzana Čaputová Organizations: NBC, Reuters, CNBC Locations: Slovakia, Brussels, Belgium, Slovakian, Banska Bystrica, Bratislava, Handlova
Lawrence Wong was sworn in on May 15 as Singapore's new prime minister, after Lee Hsien Loong stepped down following two decades in office. Edgar Su | Afp | Getty ImagesSINGAPORE — Singapore's Lawrence Wong was inaugurated as the city-state's fourth prime minister on Wednesday, taking over from former prime minister Lee Hsien Loong, who has led Singapore for 20 years. Trade and industry minister Gan Kim Yong will be promoted to deputy prime minister and work alongside current DPM Heng Swee Keat. Lee, the eldest son of Singapore's founding Prime Minister Lee Kuan Yew, announced last month he will hand over power to the new prime minister in mid-May. Wong also served as principal private secretary to then prime minister Lee Hsien Loong from 2005 to 2008.
Persons: Lawrence Wong, Lee Hsien Loong, Edgar Su, Singapore's Lawrence Wong, Lee, Gan Kim Yong, Heng, Kim Yong, Swee Keat, Wong, Gan, Ong Ye Kung, helming, Singapore's, Lee Kuan Yew Organizations: Afp, Getty, SINGAPORE, Trade, Monetary Authority of, Party Locations: Singapore, Monetary Authority of Singapore, Gan
A rocky startVoight was the first Miss Utah to win the Miss USA crown since 1960. Miss USARose, a fashion designer, bought the Miss USA license after a turbulent year that included rigging allegations and a sexual harassment cover-up. Hector Vivas/Getty ImagesIn her Miss USA resignation letter, Noelia detailed the "detrimental mental and emotional toll" of her time at Miss USA and how it "greatly impacted" her physical health. Noelia and UmaSofia's reigns as Miss USA and Miss Teen USA would have officially ended in August, but their mothers said it became too much. The network — which signed a three-year deal in April to air both the Miss USA and Miss Teen USA competitions — said on Monday that it's now "evaluating its relationship with both pageants," according to USA Today.
Persons: Noelia Voigt, Jackeline Voigt, Noelia's, Jackeline, Barbara Srivastava —, Miss Teen USA UmaSofia Srivastava, Noelia, UmaSofia, Barbara, Miss USA's, Laylah Rose, aren't, Rose, Voight, We're, we're, Brian Ach, Miss USA, Thom Brodeur, UmaSofia Srivastava, Barbara Srivastava Barbara, didn't, Stephanie Skinner, Skinner, Teen USA — Barbara, Rose hadn't, USA's, Kenya Moore, Olivia Culpo, they're, Voigt, Hector Vivas, , — Noelia, Rose weaponized, Claudia Michelle —, Michelle, Colorado Arianna Lemus, Laylah, she's, Barbara Srivastava, it's, Brodeur Organizations: Miss USA, Business, Miss Teen USA, Miss, ABC News, New York, Christmas, Teen USA, Miss Universe, El, ., BI, USA, Miss Teen, Noelia, CW Network Locations: Venezuelan American, Miss Utah, Miss USA, Noelia's, USA, El Salvador
President Donald Trump and Democratic presidential candidate Joe Biden during the final presidential debate at Belmont University in Nashville, Tennessee, on Oct. 22. President Joe Biden on Wednesday challenged former Donald Trump to two head-to-head debates before the November election, with several special conditions. Both proposed showdowns would be held without the involvement of the non-partisan commission that typically organizes presidential debates. "Just tell me when, I'll be there," wrote Trump. " During the 2020 debates, Biden and Trump regularly broke out into shouting matches as they each tried to get a word in edgewise.
Persons: Donald Trump, Joe Biden, Biden, Trump, Donald, Jen O'Malley Dillon, O'Malley Dillon, Trump's, Robert Kennedy Jr, doesn't Organizations: Democratic, Belmont University, Wednesday, Republican, CNN, Republican National Convention, Democratic National Convention, White, New York Times, American People Locations: Nashville , Tennessee, Democratic, York, Pennsylvania, Michigan, Wisconsin, United States
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