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☆ Trump's lawyers dance for him when he's in the courtroom. At a criminal trial, that could torpedo his chances of winning.
▼ + stars: | 2024-03-24 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +15 min

And at a criminal trial, causing a ruckus can bring its own consequences. In a criminal trial, Trump, along with his eager-to-please lawyers, must attend every day. he quipped in response to an argument from one of Trump's lawyers. Technically, Trump faces a maximum of four years in prison for each count he's charged with in his criminal case. The criminal trial will give Trump a chance to hold multiple campaign-boosting rallies before the hallway cameras each day.

Persons: —, Donald Trump, they're, Trump, he's, Jean Carroll, Juan Merchan, Carroll, Roberta Kaplan, Carroll's, Arthur Engoron, shrewdly, TIMOTHY A, CLARY, Stormy Daniels, Melania Trump, Kaplan, Eliza Orlins, Orlins, there's, Susan Necheles, Steven Hirsch, Maggie Haberman's, huff, Lewis Kaplan, Alina Habba, Randy Zelin, they've, Engoron, Letitia James of, York —, Kaplan quizzed, Merchan, He's, Donald Trump's, Seth Wenig Merchan, Prosecutors, Zelin, OJ, I'm Organizations: Service, Secret Service, Business, Trump, New York, sophistry, Attorneys, Getty, Manhattan Criminal, Trump Organization, New York Times, Truth, New, AP, Merchan Locations: Manhattan, New York, New York City, Brooklyn, York, America, U.S, Trump

☆ Middle East Crisis Israel Says It Struck Area Used by High-Ranking Hamas Leader
▼ + stars: | 2024-03-12 | by ( Adam Rasgon | ) www.nytimes.com time to read: +3 min

The session follows a 23-page U.N. report, released on March 4, written by a team led by Pramila Patten, a special envoy on sexual violence and conflict. The report said it was reasonable to believe sexual violence against hostages could be ongoing. Diplomats from the 15-member council uniformly condemned sexual violence against Israeli women. Ms. Patten and her team also visited the West Bank to hear reports of sexual violence against Palestinians by Israeli security forces and settlers. The full report addressed the accusations, but did not focus on them because other U.N. bodies were working on that.

Persons: Pramila Patten, —, France —, Patten, Ms, ”, Timothy A, Clary, Israel Katz, ” Mr, Katz, Riyad Mansour Organizations: Sexual, United Nations Security Council, ., Agence France, Diplomats, West Bank, Palestinian, Council Locations: United States, Britain, France, Israel, Gaza, U.S

☆ Turkish annual inflation soars to 67% in February
▼ + stars: | 2024-03-04 | by ( Natasha Turak | ) www.cnbc.com time to read: +3 min

Turkish annual consumer price inflation soared to 67.07% in February, the Turkish Statistical Institute said Monday, coming in above expectations. Analysts polled by Reuters had anticipated annual inflation would climb to 65.7% last month. The combined sector of hotels, cafes and restaurants saw the greatest annual price inflation increase at 94.78%, followed by education at 91.84%, while the rate for health stood at 81.25% and transportation at 77.98%, according to the statistical institute. "Obviously a disappointing set of inflation prints this morning," Timothy Ash, emerging markets strategist at BlueBay Asset Management, wrote in a note. He added that this development has "continued to put downward pressure on the lira," creating an inflation pass-through.

Persons: Liam Peach, Mehmet Simsek, Turkey's, Timothy Ash, Ash Organizations: Turkish Statistical Institute, Reuters, Food, Economics, Capital Economics, Turkish, BlueBay Asset Management, FX Locations: Sariyer, Istanbul, Turkish, London

☆ Russia relishes NATO disarray after hasty denials of plan to deploy ground troops to Ukraine
▼ + stars: | 2024-02-28 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +7 min

The United States, Germany, the U.K., Spain, Poland and NATO Secretary General Jens Stoltenberg were among those denying that sending ground troops into Ukraine was an option. She claimed NATO countries' denials that they planned to send their ground troops into Ukraine showed the West had "betrayed Ukraine and will continue to use and betray it," repeating Moscow's baseless claims that Western countries are using Ukraine to destroy Russia. After the conference, Macron said discussions had also covered the possibility of deploying ground troops, although he said there was no agreement on the issue. France was left looking increasingly isolated throughout the day Tuesday, with the White House also distancing itself from Macron's comments. When asked about Macron's comments, Kirby said "well, that's a sovereign decision that every NATO ally would have to make for themselves.

Persons: Vladimir Putin, Sergei Shoigu, Mikhail Metzel, Emmanuel Macron, Jens Stoltenberg, Dmitry Medvedev, Macron, Vyacheslav Volodin, Volodin, Napoleon Bonaparte, Napoleon, Maria Zakharova, Macron's, Stephane Sejourne, John Kirby, Kirby, General Stoltenberg, —, Biden, Timothy Ash, Ash Organizations: Defence, Sputnik, Reuters, NATO, Russian, Russia's Foreign Ministry, Ukraine —, Russian Foreign, Tass, Chesnot, Getty, White, . National Security, Kremlin Russia, Kremlin, Russia, BlueBay Asset Management Locations: Nazi Germany, Moscow, Russia, Reuters Russia, Ukraine, United States, Germany, Spain, Poland, NATO, Russian, France, Canada, Paris, France's, Republic, U.S

☆ 4 reasons why Wall Street fears that Nvidia's hard-earned gains could go up in smoke
▼ + stars: | 2024-02-27 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

In the last 15 months, Wall Street analysts have hailed generative AI as the most impactful innovation in decades and compared its theoretical impact to that of the internet. While the full impact of AI isn't clear yet, companies are under immense pressure to convince investors that they're not falling behind. "We can't envision any of these large cloud companies or consumer companies pulling back on AI spending anytime soon," Colello said. UBS"This is not always a harbinger of slowing revenue growth and a concentrated H200/B100 launch could be adding to near-term opex," Arcuri wrote in a recent note. AdvertisementDespite what Nvidia's recent performance suggests, Wall Street is notoriously tough to please.

Persons: —, Morgan Stanley, Steve Sosnick, Wedbush's Dan Ives, who's, Marcelli, they're, Sosnick, Brian Colello, Colello, They're, we're, Vivek Arya, Arya, Michael Landsberg, Landsberg, Jason Draho, Draho, Timothy Arcuri, Arcuri Organizations: Service, Wall Street, Business, Nvidia, Interactive, Bulls, Bank of America, Wedbush Securities, UBS, UBS Global Wealth Management, Morningstar, Landsberg Bennett, Wealth Management

☆ Chip analysts boost Nvidia price targets in race to catch up to chipmaker's relentless 'joyride'
▼ + stars: | 2024-02-22 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

That led several Wall Street banks to hike their price targets to account for the unrelenting demand. Bernstein and other Wall Street shops raced to catch up with Nvidia's share price, hiking their price targets in reaction to nonstop demand and the company's enormous total addressable market. Rasgon's new target was the equivalent of 48% upside from Wednesday's close, while the average price target according to FactSet implied more than 22% upside. Bank of America's Vivek Arya also lifted his Nvidia price target to $925 per share, equal to about 37% upside. JPMorgan analyst Harlan Sur boosted his price target to $850 to reflect strong data center growth and future product launches.

Persons: Bernstein's Stacy Rasgon, Bernstein, America's Vivek Arya, Harlan Sur, allaying, Sur, Goldman Sachs, Toshiya Hari, Morgan Stanley's Joseph Moore, Moore, Deutsche Bank's Ross Seymore, Seymore, Timothy Arcuri, Arcuri, — CNBC's Michael Bloom Organizations: Nvidia, Bank, America's, JPMorgan, Deutsche, UBS Locations: CY24

☆ What to expect from Nvidia earnings after the stock's 'recent parabolic run-up'
▼ + stars: | 2024-02-21 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Some Wall Street analysts are bracing for a pullback in Nvidia shares after the chipmaker reports fiscal fourth quarter results after the bell Wednesday. "We reiterate Buy/top pick ahead of NVDA Feb-21 earnings but won't be surprised to see a notable but brief pullback after the recent parabolic run-up in the stock," wrote Bank of America analyst Vivek Arya in a recent note. Nvidia shares slid more than 4% during Tuesday's session, but they have surged 40% in 2024. "Hence, we see limited room for further earnings upside in 2024 relative to the sales and earnings surprise that we saw in 2023." Even if Nvidia tops estimates, some on Wall Street anticipate a post-earnings decline akin to what's occurred during previous prints.

Persons: NVDA, Vivek Arya, Frank Lee, Tom O'Malley, Morgan Stanley's Joseph Moore, haven't, Rosenblatt, Raymond James, Srini Pajjuri, O'Malley, Timothy Arcuri, Evercore ISI's Julian Emanuel, — CNBC's Michael Bloom Organizations: Nvidia, Bank of America, HSBC, Barclays, UBS

☆ Data center capacity constraints could 'hurt' Nvidia's longer-term revenue, according to UBS
▼ + stars: | 2024-02-20 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Data center capacity constraints could one day eat into Nvidia's revenue potential, according to UBS analysts. "A major factor that we believe will probably start coming into play is data center capacity — which we do think starts to hurt revenue, albeit maybe more in 2026 than in 2025," Arcuri said, in a separate report. For the fourth quarter, UBS expects Nvidia to report data center revenue of $19.45 billion, which would entail sequential growth of 34%. It also expects revenue and earnings per share, as well as data center revenue, to increase in 2025 and 2026. According to FactSet, average estimates for data center revenue are around $17.06 billion and $20.4 billion in total revenue for the fourth quarter.

Persons: Timothy Arcuri, Carlos Colorado, Arcuri Organizations: UBS, UBS —, Nvidia, Microsoft, Amazon Locations: Colorado, U.S

☆ Democrats pivot on immigration as Republicans take a stand against Biden
▼ + stars: | 2024-02-14 | by ( Zachary Wolf | Analysis Zachary B. Wolf | ) edition.cnn.com time to read: +7 min

CNN —The immigration and border crisis is quickly morphing into the dominant issue of American politics – and Democrats are pivoting faster than Republicans at the moment. It took two tries, but House Republicans made their point and voted by the narrowest possible margin to impeach Homeland Security Secretary Alejandro Mayorkas, the first impeachment of a Cabinet secretary since the 1870s. He tacked to the middle specifically on the issue of immigration, hammering Republicans for refusing to work with Democrats on an immigration compromise. Except voters concerned about immigration told CNN reporters that it was also dysfunction on Capitol Hill – Republicans rejected even the idea of a bipartisan immigration deal last week – that drove their votes. Democrats and Republicans in the Senate joined together to pass a foreign aid package this week after it was decoupled from the border compromise.

Persons: –, Joe Biden, Donald Trump’s, Biden, Mayorkas, Alejandro Mayorkas, George Santos, Tom Suozzi, “ Let’s, ” Suozzi, Timothy A, Clary, Santos, Eric Adams, Greg Abbott, Mike Johnson, Johnson, Suozzi, “, ”, ” Johnson, bipartisanship, Hakeem Jeffries, ” Jeffries, Mike Gallagher of, impeaching Mayorkas, ” Gallagher, Larry Hogan, Hogan, CNN’s Dana, ” Hogan, “ I’m, it’s Organizations: CNN, York House, Republicans, Homeland, Democrats, Immigration, Customs, GOP, Trump, Getty, Texas Gov, Republican, Capitol Hill, Hill, “, Capitol, Capitol Hill ., Maryland Gov, Trump Republican Locations: York, New York, midtown Manhattan, AFP, New York City, Texas, Ukraine, Israel, Capitol Hill, Mike Gallagher of Wisconsin, America, Washington

UBS hiked its price target on Nvidia , citing an attractive valuation and strong demand for its chips. The firm upgraded shares to overweight from neutral and upped its target price by $17 to $68, which implies 24.3% potential upside. He upgraded shares to buy from neutral and increased his price target from £17 to £21. — Pia Singh 5:47 a.m.: UBS hikes Nvidia price target UBS is getting even more bullish on Nvidia ahead of the chipmaker's fiscal fourth-quarter earnings report. Despite the price target increase, Nvidia shares were down 1% in the premarket.

Persons: Riley Securities downgrades, Jeff Lick, Children's, Lick, — Pia Singh, Piper Sandler, Trimble, Clarke Jeffries, Mark Palmer, Palmer, Andrew Baum, Baum, GSK's, Timothy Arcuri, Arcuri, NVDA, Fred Imbert Organizations: CNBC, UBS, Nvidia, Citi, GSK, Riley Securities, Children's, Investment, Block Locations: Lick, Monday's, C2H

☆ Why AI can’t replace air traffic controllers
▼ + stars: | 2024-02-12 | by ( Amy Pritchett | ) edition.cnn.com time to read: +9 min

In the air traffic control system, everything must meet the highest levels of safety, but not everything goes according to plan. I’m an aerospace engineer who led a National Academies study ordered by Congress about air traffic controller staffing. What air traffic controllers do? The Federal Aviation Administration’s fundamental guidance for the responsibility of air traffic controllers states: “The primary purpose of the air traffic control system is to prevent a collision involving aircraft.” Air traffic controllers are also charged with providing “a safe, orderly and expeditious flow of air traffic” and other services supporting safety, such as helping pilots avoid mountains and other hazardous terrain and hazardous weather, to the extent they can. Researchers are using machine learning to analyze and predict aspects of air traffic and air traffic control, including air traffic flow between cities and air traffic controller behavior.

Persons: Tolga Akmen, Timothy Arel, Harry Reid, Ethan Miller, Amy Pritchett Organizations: CNN, National Academies, Congress, Federal Aviation, Air, FAA, London Heathrow, Tolga, Getty, U.S . Senate, Robotics, Cessna, United Airlines, Kansas City Chiefs United Airlines, Harry Reid International, Air Force One, Penn State University, National Science Foundation, Center, Aerial Mobility, NASA Locations: AFP, Las Vegas

☆ In Trump's NY hush-money case, key decisions at his court appearance on Thursday will shape his first felony trial
▼ + stars: | 2024-02-11 | by ( Laura Italiano | ) www.businessinsider.com time to read: +9 min

Donald Trump returns to court Thursday in his New York hush-money case. The hush-money case is on track to be tried first out of the former president and GOP frontrunner's four felony indictments. AdvertisementCourt officers kept careful watch at Donald Trump's hush-money arraignment in New York. Merchan pushed back on any premature trial-date tinkering in a letter he sent the hush-money defense team in early September. Reuters/Jane RosenbergSquabbling over evidenceThere's been plenty of squabbling over evidence in the past six months, the hush-money case file shows.

Persons: Donald Trump, —, Stormy Daniels, Juan Merchan, Todd Blanche, Susan Necheles, Timothy A, Clary, He'll, Donald Trump's, Andrew Kelly, Trump, it's, Trump's, Merchan, Jane Rosenberg, Bob Woodward, what's, Matthew Colangelo, Colangelo, There's, Attorney Alvin Bragg Organizations: Service, GOP, NY, Trump, Business, Reuters, Manhattan Criminal, New, Manhattan, Attorney, COC, Prosecutors Locations: New York, Manhattan, Florida, Georgia, Brooklyn, New York County

“She had no idea what was on that phone, but that phone contained the lynchpin to this case,” Dunlop said. Smith was registered to stay at the hotel from Sept. 2 to Sept. 4, 2019; the first images showing Henry's body were time-stamped at about 1 a.m. on Sept. 4, police said. “What he does say is that he found the body of Kathleen Jo Henry in his truck the next morning. The last images on the card were taken early on Sept. 6 and showed Henry’s body in the back of a black pickup, according to charging documents. Alaska State Troopers in 2018 incorrectly identified another body as that of Abouchuk, because Abouchuk’s ID had been discovered with it, for reasons that remain unclear.

Persons: Brian Steven Smith, Kathleen Jo Henry, Veronica Abouchuk, Henry, Abouchuk, ”, Brittany Dunlop, “, Timothy Ayer, Smith, Ayer, Valerie Casler, it’s, ” Ayer, “ She’s, Kevin Saxby, ” Dunlop, Dunlop Organizations: Authorities, Marriott, Alaska State Troopers Locations: ANCHORAGE, Alaska, Anchorage, South Africa, Rainbow, Seward

☆ How Trump's 'I'm rich!' boasts are coming back to bite him in court
▼ + stars: | 2024-02-02 | by ( Laura Italiano | Jacob Shamsian | ) www.businessinsider.com time to read: +11 min

The day before awarding Carroll $83.3 million in damages — Trump's penance for calling her a lying "whack job" when she told the world he'd sexually assaulted her — jurors heard, firsthand, how rich he was. AdvertisementTrump's "I'm rich" boasts hurt him in both the Carroll verdict and the upcoming fraud trial verdict, Snell said. Punitive damages in defamation cases are supposed to have a deterrent effect, to stop the defamation from happening again. AdvertisementTrump's wealth also illustrates why the jury imposed enormous punitive damages compared to the $18.3 million to compensate Carroll. The Carroll jury also heard Trump boast about the value of his "brand."

Persons: Donald Trump's, Jean Carroll, Donald Trump, Carroll, Roberta Kaplan, Trump, Letitia James, I'm, Tristan Snell, General's, Snell, Trump's, —, Kaplan, J, Erik Connolly, Connolly, Stephanie Keith, There's, We've, that's, Forbes, Timothy A, Clary, didn't, Chris Mattei, Alex Jones, Mattei, Arthur Engoron, Engoron Organizations: Carroll, Trump, New York Attorney, New, New York, Trump University, Disney, Benesch, NEW, Manhattan Federal Court, E, MSNBC, Trump Organization, Forbes, Bloomberg, Getty Locations: Manhattan, Smartmatic, New York City, AFP, New York

☆ E. Jean Carroll wants to donate the millions she was awarded in latest defamation trial to 'something Donald Trump hates.' Here are 5 options.
▼ + stars: | 2024-01-30 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +6 min

E. Jean Carroll said she wants to donate her defamation damages to "something Trump hates." Donald Trump hates a lot of things. AdvertisementE. Jean Carroll wants to spend her newfound riches in a meaningful way after a federal jury awarded her $83.3 million in her defamation trial against former President Donald Trump last week. "I'd like to give the money to something Donald Trump hates," Carroll told ABC News on Monday. "Perhaps a fund for the women who Donald Trump has sexually assaulted," Carroll told ABC News of her potential future donations.

Persons: Jean Carroll, Trump, Trump . Donald Trump, Carroll, —, Donald Trump, defaming, he's, Timothy A, Clary, It's, Las Vegas , Nevada FREDERIC J . BROWN, RINOs Organizations: Trump ., Service, ABC News, ABC, The New York Times, Trump, Getty, Media, Business, The Washington Post, Journalists, Republican, Republican Jewish Coalition, Venetian Conference Center, Immigrants Locations: New Hampshire, AFP, America, Haiti, Norway, Mexico, Canada, California, New Jersey, New York, Las Vegas , Nevada, Washington

☆ New Hampshire primary: What to expect from Trump, Haley and DeSantis
▼ + stars: | 2024-01-21 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +8 min

Polls indicate New Hampshire offers Haley her best chance for a win, while DeSantis, polling a distant third, is already looking ahead to South Carolina. While Tuesday's primary result is expected to be narrower, the latest polls of likely New Hampshire GOP primary voters show Trump leading Haley by double digits. They have been joined in recent days by a growing number of Trump's one time Republican primary rivals — Nebraska Gov. In New Hampshire, Haley is right: She and Trump are the top two candidates by far in the polls, with DeSantis a distant third. Days away from the New Hampshire primary, DeSantis' campaign is already shifting resources to South Carolina, while still holding some events in New Hampshire.

Persons: Timothy A, Clary, Donald Trump, Trump, Ron DeSantis, Nikki Haley, Haley, Chris Galdieri, State David M, Scanlan, Biden, —, Elise Stefanik, Sen, Ted Cruz, Sean Hannity, Doug Burgum, Vivek Ramaswamy, Tim Scott of, Faith Ninivaggi, Reuters Haley, Galdieri, Haley's, Chris Sununu, Scala, Matt McClain, DeSantis, Joe Biden, Nathan Howard Organizations: Getty, New, New Hampshire voters, Republican, Granite State, Florida Gov, United, New Hampshire, West Wing, Saint Anselm College, State, Democratic, Trump, GOP, New Hampshire GOP, Republicans, New York, Fox News, — Nebraska Gov, Tim Scott of South Carolina —, U.S, Omni, Washington Hotel, Resort, Reuters, The, New Hampshire Gov, CNBC, Florida, LaBelle, Washington Post, DeSantis, NBC News, Biden, Community Center Locations: Concord , New Hampshire, New Hampshire, Iowa, United Nations, South Carolina, Portsmouth , New Hampshire, Monday's Iowa, Granite State, New, Texas, Tim Scott of South Carolina, Bretton Woods , New Hampshire, U.S, Florida, The Granite, Granite, Palmetto, Derry, NH, Raleigh , North Carolina

☆ Earnings playbook: Your guide to the biggest reports this week, including Netflix and Tesla
▼ + stars: | 2024-01-21 | by ( Fred Imbert | ) www.cnbc.com time to read: +10 min

Nearly 70 S & P 500 companies are slated to report earnings this week. Of the roughly 52 S & P 500 companies that have reported, just 69% have beaten earnings expectations, according to FactSet. What history shows: Bespoke Investment Group data shows United beats earnings expectations 70% of the time. What history shows: Bespoke data shows Netflix exceeds earnings estimates 81% of the time. What history shows: Bespoke data shows Alaska Air tops bottom-line estimate 72% of the time.

Persons: Buckle, Leslie Josephs, Max, Procter & Gamble, Robert Ottenstein, Procter, headwinds, Trian's Nelson Peltz, —, Alan Gould, Jordan Novet, Tesla, TSLA, Elon Musk, Elon, Jefferies, Philippe Houchois, INTC, Timothy Arcuri Organizations: Netflix, Intel, Investors, CNBC, Monday United Airlines, Boeing, Max, Alaska Airlines, FAA, Procter &, Procter, Gamble, HBO, IBM, ISI, Alaska Air Group, Alaska Air, Nvidia, AMD, UBS Locations: Alaska, U.S, China, Europe

Gould is more bullish than many on Wall Street, as the average price target of analysts polled by LSEG is $484.42. Analyst Harold Antor downgraded the stock to hold from buy and slashed his price target by $4 to $8. Analyst Jeffrey Stantial upgrade the sports betting stock to buy from hold and raised his price target by $5 to $45. Stantial's new price target implies shares can jump 19.9% over the next year from Thursday's close. UBS raised its rating on Texas Instruments to buy and increased its price target to $195 from $170.

Persons: Chipmakers, Wells, Bernstein, PDD, Robin Zhu, Zhu, Temu, there's, Shein, — Alex Harring, Alan Gould, Gould, Jefferies, Hertz, Harold Antor, Antor, There's, Saul Martinez, Martinez, Alex Harring, Stifel, Jeffrey Stantial, Stantial, Wells Fargo, Aaron Rakers, Mark Zuckerberg, Zuckerberg, TXN, Timothy Arcuri, FCF –, Fred Imbert Organizations: CNBC, UBS, Texas, Nvidia, Meta, PDD Holdings, Netflix, HBO, LSEG, Hertz, EV, Jefferies, HSBC, Discover, Facebook, Big Tech, Texas Instruments Locations: China, Thursday's

☆ What are the mysterious red marks on Trump's hand?
▼ + stars: | 2024-01-17 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +1 min

Mysterious marks were visible on one of former President Donald Trump's hands on Wednesday as he left his New York residence to attend a nearby trial. AdvertisementMultiple photos show Trump waving to the press as he left Trump Tower Wednesday morning with small red dots. Trump did not appear to have the dots on his hand on Tuesday evening, based on photos of his campaign stop in Atkinson, New Hampshire. Timothy A. Clary/AFP/Getty ImagesLater on Wednesday, US District Judge Lewis Kaplan admonished Trump for his conduct during columnist E. Jean Carroll's second trial. The trial is over the former president's remarks about Carroll's claim that he raped her in a Manhattan department store in the 1990s.

Persons: Donald Trump's, Trump, Timothy A, Clary, Lewis Kaplan, Jean Carroll's, defaming Carroll, I'm, Kaplan Organizations: New, Trump, Getty, US Locations: New York, Atkinson , New Hampshire, New Hampshire, AFP, Manhattan

☆ Coco Gauff eyes ‘double digits’ grand slam career goal ahead of Australian Open
▼ + stars: | 2024-01-13 | by ( Ben Church | ) edition.cnn.com time to read: +4 min

CNN —Coco Gauff may have won her maiden grand slam title at last year’s US Open, but the American youngster already has that particular success in her rear-view mirror. Right now, I would say double digits would be pretty awesome,” Gauff told reporters ahead of this year’s Australian Open. Sarah Stier/Getty Images Gauff celebrates her win after the final set. Sarah Stier/Getty Images Sabalenka and Gauff pose for a photo with former player Billie Jean King before the match. Sarah Stier/Getty Images Gauff is introduced ahead of the match.

Persons: Coco Gauff, Gauff, Aryna, Serena Williams, Arthur, Mike Segar, Reuters Gauff, Mike Stobe, Sarah Stier, Shannon Stapleton, Frank Franklin II, Darren Carroll, AP Sabalenka, Danielle Parhizkaran, Al Bello, Charles Krupa, Clive Brunskill, Sabalenka, Billie Jean King, Timothy A, Clary, Elina Svitolina, Anna Karolína Schmiedlová, Brad Gilbert, ” Gilbert, CNN Sport’s Don Riddell, “ Organizations: CNN, Wimbledon, Reuters, USTA, AP, USA, Network, Sabalenka, Gauff, Getty, Auckland Locations: American, Flushing Meadows, Queens, Belarus, AFP, Melbourne

☆ Supreme Court Weighs Purdue Pharma’s $6 Billion Opioid Settlement
▼ + stars: | 2023-12-05 | by ( Jess Bravin | ) www.wsj.com time to read: +1 min

Purdue Pharma headquarters in 2019; a Purdue lawyer said in court Monday that if a settlement with the company didn’t go forward, opioid-crisis victims might not see compensation. Photo: timothy a. clary/Agence France-Presse/Getty ImagesWASHINGTON—Supreme Court justices wrestled Monday with the uncomfortable bargain struck between most victims of the opioid crisis and the Sackler family, whose Purdue Pharma promoted the addictive painkiller OxyContin: providing timely compensation for survivors in exchange for granting the wealthy family immunity from future civil lawsuits. That settlement was reached before a bankruptcy judge and approved in May by a federal appeals court in New York. It would see the Sacklers pay $6 billion to individual victims and state governments in exchange for eliminating potential liability for additional claims, such as fraud—even though they, unlike Purdue, haven’t sought bankruptcy protection. The deal was made under a catchall provision of federal law authorizing bankruptcy judges to issue orders and judgments that may be “necessary or appropriate” to resolve cases.

Persons: timothy, clary, Sackler, haven’t Organizations: Purdue Pharma, Purdue, Agence France, Getty, WASHINGTON Locations: New York

☆ P&G to record up to $2.5 bln in Gillette writedown, operations rejig
▼ + stars: | 2023-12-05 | by ( ) www.reuters.com time to read: +2 min

The consumer goods giant said it would take a $1.3 billion non-cash impairment charge before tax in the current quarter ending Dec. 31 on its Gillette business. P&G, which bought Gillette for $57 billion in 2005, gets about 8% of its total sales from the grooming business. "It's very difficult for us as a U.S. dollar-denominated company to create value (in these markets)," Schulten said. Total charges will be between $2 billion and $2.5 billion after tax and will be recognized in fiscal years 2024 and 2025. Net earnings attributable to the company was $14.7 billion for fiscal 2023.

Persons: Timothy Aeppel, Andre Schulten, Morgan Stanley, Schulten, Juveria Tabassum, Sriraj Organizations: Procter, REUTERS, Procter & Gamble, Gillette, Morgan, Thomson, & $ Locations: Tabler Station, West Virginia, U.S, Argentina, Nigeria

Following Monday's trade, Jim Cramer's Charitable Trust will no longer own a position in Emerson Electric. Even with the market overbought all last week, the S & P 500 squeezed out a gain of nearly 1% — its fifth straight weekly advance. For reference, any reading of 4% or more means the market is technically overbought (a reading of less than minus 4% means oversold). To help figure out the market's pulse, we like to refer to the Oscillator as our guidepost for buying or selling stocks. Whenever the market is overbought to this degree, our discipline is to look at areas to raise extra cash.

Persons: We're, Jim Cramer's, Eaton YTD, Eaton, Jim Cramer, Jim, Emerson Electric's, Timothy Aeppel Organizations: Emerson, CNBC Locations: Emerson, We'll, Marshalltown , Iowa

Analyst Brad Capuzzi's $8 price target is 43% above where the stock closed on Monday afternoon. "Shares have substantially outperformed this year; catalyzed by the exit of the logistics business & newfound emphasis on profitability," wrote analyst Clarke Jeffries. Bank of America's Vivek Arya lifted his price target to $1,200, or more than a 26% increase from the stock's Monday close of $950.24. Herbert upgraded Boeing to outperform from sector perform and lifted his price target to $275 from $200. "We believe we are in the early stages of a significant shift in sentiment on BA stock," analyst Ken Herbert wrote.

Persons: Jefferies, Piper Sandler, Brad Capuzzi's, Capuzzi, Lisa Kailai Han, Goldman Sachs, Keith Horowitz, Horowitz, Goldman, — Lisa Kailai Han, Clarke Jeffries, Jeffries, Bernstein, Peter Weed, Weed, UBS downgrades ChargePoint, Robert Jamieson, Jamieson, bode, Timothy Arcuri, America's Vivek Arya, Arcuri, Arya, Herbert, Ken Herbert, John Hecht, Fred Imbert Organizations: CNBC, Tuesday's, RBC, Boeing, UBS, Citi Citi, UBS downgrades, UBS doesn't, Broadcom, VMWare, Bank of America, Bank, America's, RBC Capital Markets, —, Jefferies Locations: underperform, LendingClub, Goldman Sachs

The Nov. 20 landslide came down into the path of three homes, one unoccupied, after a storm brought heavy rain. Four people have been confirmed killed in the landslide: Timothy and Beth Heller and two of their children, Kara, 11, and Mara, 16. “Right then and there, I knew I was going to live,” Florschutz said. As she surveyed the landslide, Florschutz was shocked at how large it was. Being in Alaska forces people “to learn to live with others and help each other.

Persons: — Christina Florschutz, Florschutz, Beth Heller, Kara, Mara, Derek, Otto Florschutz, Christina Florschutz, ”, ” Florschutz, “ Organizations: Wrangell Sentinel, Evergreen Locations: WRANGELL, Alaska, Wrangell, ”

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