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☆ Jeep-maker Stellantis reports sharp fall in revenue as it shifts car portfolio
▼ + stars: | 2024-04-30 | by ( Jenni Reid | ) www.cnbc.com time to read: 1 min

Maserati's first GranCabrio convertible since 2019 is scheduled to go on sale this summer in the U.S. Global automaker Stellantis on Tuesday reported a 12% decline in revenue in the first quarter, citing lower sales and foreign exchange effects, even as net pricing held firm. Chief Financial Officer Natalie Knight said year-over-year shipment and net revenue comparisons were difficult due to the company's transition to a "next generation product portfolio manufactured on new platforms." This is a breaking news story and will be updated shortly.

Persons: Maserati's, Natalie Knight Organizations: U.S . Global, Stellantis Locations: U.S

How to cancel your life insurance policyCanceling a term life insurance policyThere are several ways to cancel a term life insurance policy. Alternatives to life insurance cancelationcanceling your life insurance policy isn't ideal if you have dependents who rely on your income for financial support. If you have a whole life insurance policy, look into reduced paid-up life insurance. Life insurance settlementIf you don't have a terminal diagnosis and you want to sell your term life insurance policy, you can apply for a life insurance settlement with a third-party provider instead of canceling your policy. Canceling life insurance FAQsWill I get any money back if I cancel my life insurance policy?

Persons: Lucas Siegel, Siegel, wouldn't, policyholders, you've Organizations: Internal Revenue Service

☆ Buick, GM’s low-key pseudo-luxury brand, is suddenly hot
▼ + stars: | 2024-04-25 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +6 min

In the 21st Century, though, Buick, which celebrates its 125th anniversary this year, has been a quiet spot in GM’s North American brand strategy. Last year, Buick sales rose more than 60% in the US compared to 2022. The Buick Envista introduced last summer is, essentially, a modified version of the well-received Chevrolet Trax, GM’s cheapest crossover SUV. The 1938 Buick Y Job is generally considered the auto industry's first "concept car." Last year, Avenir models, which get some fancier interior materials, more features, and distinctive paint colors, made up almost a third of Buick sales, the highest levels yet, Aldred said.

Persons: Louis Chevrolet, “, it’s, ”, Ivan Drury, Jason Barlow, Envista, Bob Boniface ,, Duncan Aldred, Drury, It’s, Buick, that’s, Aldred Organizations: CNN, Buick, GM, Riviera, Chevrolet Trax, GMC, Chevy, Cox Automotive, Cadillac, General Motors, Liverpool Locations: GM’s, China, the, America, Europe

☆ My youngest child slept in our bed until he was 7
▼ + stars: | 2024-04-23 | by ( Angie Grace | ) www.businessinsider.com time to read: +4 min

When he was born, he mostly slept in his crib and napped in bed next to me. Once he became a toddler, we turned his convertible crib into a toddler bed. Related storiesEventually, we got rid of the toddler bed, as he was no longer sleeping in it at all and would cry to sleep in the bed with us. I sat him down that night before bed and spoke to him about the importance of owning his own bed. That first night of having his own bed, he slept in it the entire night.

Persons: I've, —, Kai Organizations: Service, Ikea

☆ My teenage son is pushing me away. I'm heartbroken and proud of him.
▼ + stars: | 2024-04-22 | by ( Shanti Brien | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview"Tell me about your day," I lobbed to my 15-year-old son, hoping my command for details would prevent his customary "It was fine." My son, my baby, my secretly favorite child, couldn't even bear 10 minutes of talking? The Littlest Bear, a small pudge of brown fur, asks his mom in a slight peep, "Am I your favorite?" Yes, my son is breaking up with me, exactly as he is supposed to do.

Persons: — Organizations: Service, Business

Learn moreNearly every day that I carry Senreve's Maestra bag, I get stopped by someone on the sidewalk or the train. The easy transition also comes in handy for the days when you just want to switch up your look between shoulder bag, top-handle bag, and backpack. SenreveAll three sizes of the bag, the Maestra (from $945), Midi Maestra (from $845), and Mini Maestra (from $745) have the same capacity to transition from bag to backpack. A few years back, if you had ever told me that I'd be singing the praises of an $945 bag, I'd think you were nuts. So let me say this: the Maestra bag is a luxury, but it's one that you will get tons of use out of.

Persons: I'm, Sally Kaplan, it's, I'd, who's Organizations: Business

☆ How Royal Caribbean is leading the charge in the cruise industry comeback
▼ + stars: | 2024-04-15 | by ( Ryan Baker | ) www.cnbc.com time to read: +1 min

Carnival , Norwegian and Royal Caribbean all reported entering the year with record highs for individual bookings and cruise pricing. It's an impressive turnaround after the industry was largely halted for 15 months after the Centers for Disease Control and Prevention issued a no-sail order in March 2020 at the onset of the Covid pandemic in the U.S.And Royal Caribbean has been leading the way. It's seen the highest ticket revenue increase relative to 2019 out of the big three cruise giants. 1 reason why Royal Caribbean has outperformed its peers and recovered the fastest is because they issued the least amount of equity during the pandemic. All of the companies had to issue equity.

Persons: It's, Brandt Montour Organizations: Royal, Centers for Disease Control, Barclays Locations: Royal Caribbean, U.S, Caribbean, Norwegian

Johnson predicted the House will vote Friday evening on the separate bills. “My personal preference is to do it individually, but we’ll let the body decide.”Among the ways GOP leaders plan to address Ukraine aid: a bill to seize Russian assets, a lend-lease program for Ukraine military aid and convertible loans for humanitarian relief. Former President Donald Trump, who recently met with House Speaker Mike Johnson at Mar-a-Lago, has expressed openness to structuring Ukraine aid as a loan. The Senate passed its bill in February – a $95.3 billion foreign aid bill with assistance for Ukraine, Israel and other priorities. A significant number of House Republicans are opposed to sending further aid to Ukraine.

Persons: Mike Johnson, Johnson, ” Johnson, Marjorie Taylor Greene, ” Greene, “, haven’t, that’s, we’ll, Donald Trump, Kevin Hern, Hakeem Jeffries, ” Jeffries, Greene, ”, “ He’s, he’ll, Marjorie, President Trump, CNN’s Morgan Rimmer, Kristin Wilson Organizations: CNN, Louisiana Republican, GOP, Republican, Senate, Republicans, Democratic, Internal Revenue Service, Fox News, White House Locations: Israel, Ukraine, Mar, Oklahoma, Louisiana, East, Eastern Europe

☆ A boomer who moved to Panama after years as a bartender in the Hamptons and New Mexico outlines the pros and cons of living in Central America
▼ + stars: | 2024-04-13 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

George Stumpp, a retired bartender, lives comfortably in Panama after moving from New Mexico. He said Panama has robust infrastructure, a lower cost of living, and many of the same stores as the US. AdvertisementGeorge Stumpp, 65, worked as a bartender and bar supervisor in Long Island and New Mexico for decades. He's enjoying retirement in a country with a lower cost of living and high-quality healthcare, and he said he's enjoyed adapting to Panamanian culture. As his kids got older, he started to vacation in Central America, traveling to Costa Rica, Belize, and Panama.

Persons: George Stumpp, —, he's, we've, Stumpp, it's, Long, there's Organizations: Service, Panama City, Central, Business, Hamptons, Sante Locations: Panama, New Mexico, Long Island, Panamanian, Colombia, Thailand, St, Maarten, Long, Sante Fe, Santa Fe, Central America, Costa Rica, Belize, Ontario, Canada

Raymond James raised its price target on Nvidia to $1,100, noting revenue momentum will stay strong. On a more sour note, Bank of America lowered its price target on Boeing to $190, citing risks around the company's ongoing safety issues. He raised his price target by $30 to $160, which suggests more than 25% potential upside for shares. Analyst Bryan Bergin initiated coverage of Mastercard with a buy rating and $545 price target, which indicates 16.2% potential upside. — Pia Singh 5:50 a.m.: Bank of America cuts Boeing price target Boeing's latest troubles made Bank of America even more skeptical on the stock's prospects.

Persons: Raymond James, Berenberg, Andres Castanos, Mollor, — Pia Singh, Bernstein, Johnson, Callum Elliott, Kenvue, Elliott, Lorraine Hutchinson, Hutchinson, Nike's, TD Cowen, Bryan Bergin, Bergin, Blackwell, Srini Pajjuri, Ronald Epstein, Dave Calhoun, Epstein, Fred Imbert Organizations: CNBC, Nvidia, Bank of America, Boeing, Johnson, Nike, Mastercard, Visa, of America, New York Times Locations: Albemarle, underperform, China, Europe, Asia

☆ Trump Media payday: What Truth Social executives got paid in stock and compensation
▼ + stars: | 2024-04-08 | by ( Dan Mangan | ) www.cnbc.com time to read: +12 min

Those thresholds for the share price are well below where Trump Media stock was trading on Monday, when it closed at $37.17, down more than 8%. The filing disclosed that Trump Media awarded company stock to Nunes, chief financial officer Phillip Juhan, and chief operating officer Andrew Northwall. The three top executives, like Trump himself, are currently barred from selling any of their common stock in Trump Media for the next six months. CNBC asked a spokeswoman for Trump Media why promissory notes were used to grant stock to the executives. Legal battlesBesides Trump, the biggest shareholders in Trump Media are two corporate entities.

Persons: Dado Ruvic, Donald Trump, Devin Nunes, Trump, Kevin Murphy, Murphy, Nunes, Phillip Juhan, Andrew Northwall, Juhan, Northwall, DWAC, we've, Tom Williams, Kash Patel, Patel, Dan Scavino, Scavino, Department of Defense Kash Patel, Justin Sullivan, Sandro De Moraes, Vladimir Novachki, Scott Glabe, Novachki, Glabe, De Moraes, Eric Swider, beneficially, Renatus, Swider, Andy Litinsky, Wes Moss, Moss, Patrick Orlando, Mike Pont Organizations: Trump Media, Trump . Trump Media, Nasdaq, Corp, Trump, University of Southern, Securities and Exchange Commission, DWAC, SEC, CNBC, Partners, Northwall, Juhan, Trump Media's, U.S, Capitol, CQ, Inc, Getty, Equity, Messrs, Republican, Hudson Digital, Trump White House, Staff, Department of Defense, Digital, Renatus, ARC Global, United Atlantic Ventures, Twitter, Facebook, NBC, FilmMagic Locations: Juhan, California, Minden, Minden , Nevada, Orlando, New York City

☆ Grandma Joy: Now aged 94, this viral star is taking on a new travel challenge
▼ + stars: | 2024-04-07 | by ( Tamara Hardingham-Gill | ) edition.cnn.com time to read: +12 min

“I don’t have many years left, [so] you hop to it,” Grandma Joy, now 94, tells CNN Travel via Zoom. @grandmajoysroadtrip“We’re in each other’s pockets all the time,” says Grandma Joy. “I tried to learn to enjoy his kind of music,” says Grandma Joy, who has three other grandchildren. Willing spirit"I'm in good shape for an old woman," says Grandma Joy. Life is very short.”As for Grandma Joy, she’s enjoying making up for lost time, and now has several stamps in her first ever passport.

Persons: Grandma Joy ” Ryan, Brad Ryan, “, Grandma Joy, Grandma, Ryan’s, Ryan, ”, @grandmajoysroadtrip, ” Ryan, I’ll, Keen, Old, Brad, Grandma Joy’s, wasn’t, ziplining, they’ve, “ We’ve, ” We’ve, that’s, he’s, they’re, she’s, I’ve, “ I’ve, “ They’ve, ‘, ’ Organizations: CNN, Parks, National Parks, Banff National, Mara, Reserve, Travel, “, and, Elias, of, South Pacific, Asia ” Locations: Hawaii, Canada, North America, Africa, Kenya, South America, Ecuador, Galapagos, Chile, “, Kilimanjaro, Tanzania, Florida, Smoky, North Carolina, Tennessee, Yellowstone, Alaska, New, West Virginia, Wrangell St, of American Samoa, South, Ohio, Australia, Asia, India, Borneo, Europe, Antarctica, Duncan Falls , Ohio

☆ Retailers like Peloton and Saks keep paying vendors late, signaling possible 'financial distress'
▼ + stars: | 2024-04-04 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +13 min

To be sure, late payments don't always signal financial troubles. Creditsafe spokesperson Ragini Bhalla said payment data is only one factor the firm considers when assessing a company's financial health. Though the data "doesn't represent a company's total trading behavior, analysis has proven that it is hugely predictive of a company's financial health and creditworthiness," Bhalla said. "When the number of late payments increases like this, it's often indicative of financial challenges and poor cash flow forecasting," Creditsafe said. While Saks often made late payments last year, its on-time payments have dropped significantly since October 2023, the firm said.

Persons: Saul Loeb, Perry Mandarino, Mandarino, Creditsafe, Ragini Bhalla, Bhalla, Barry McCarthy, Simeon Siegel, Siegel, he's, Peloton's DPO, Marc Metrick, Metrick, Mark Still, Stewart Glendinning, Tim Baxter Organizations: Saks, Washington , D.C, AFP, Getty, Bed, RadioShack, CNBC, Retailers, Body, Body Works, Riley Securities, BMO Capital Markets, Business of Fashion, HBC, Express, Street, Creditsafe, Economic Security, IRS, New York Stock Exchange, Bath Locations: Washington ,, Express, Creditsafe, U.S

☆ Read Ken Griffin's letter to Citadel investors. He gives his 2024 outlook and talks about building a 'formidable team.'
▼ + stars: | 2024-04-01 | by ( Hayley Cuccinello | Bradley Saacks | ) www.businessinsider.com time to read: +9 min

Griffin noted that 2023 was a difficult year for the hedge fund industry and expected the medium-term to "remain challenging." Citadel and Griffin's market maker, Citadel Securities, received over 100,000 applications for full-time jobs and internships this year, Griffin said. "We take pride in having built one of the most formidable teams in hedge fund history," he said. The remarkable achievements of our portfolio managers are a testament to the constructive and empowering culture at Citadel. Assembling the Premier Team in Hedge Fund HistoryWe take pride in having built one of the most formidable teams in hedge fund history.

Persons: Griffin, Kenneth C Organizations: Business, Disney World, Citadel, Citadel Securities, Citadel Wellington LLC, Team, Congressional, U.S, LCH Investments Locations: United States

☆ How the businessman who blew up MoviePass tried to create a 'TikTok killer' and cost investors millions
▼ + stars: | 2024-04-01 | by ( Ashley Rodriguez | Jason Guerrasio | ) www.businessinsider.com time to read: +22 min

At Vinco, Farnsworth employed several of the same tactics that he had at MoviePass and at his earlier ventures. "Ted took these press releases and really treated them like they were works of art for him," Matt Argall, a former advisor to Farnsworth, told BI. Hudson Bay has not been served the lawsuit as of the publication of this story. "Hudson Bay's investment in Vinco Ventures was a standard, fixed price convertible loan of which millions remain unpaid," Hudson Bay told BI in a statement. "If served, Hudson Bay will seek to have these baseless, factually flawed and frivolous claims, which have been repeatedly dismissed in other proceedings against other parties, dismissed expeditiously."

Persons: MoviePass, Ted Farnsworth, Maria Bartiromo, he'd, Farnsworth, Jaeson Ma, Ted Farnsworth playbook, Ted, Barnum, John Fichthorn, I've, Shadwrick Vick, Rudy, Vick, Roderick Vanderbilt, who's, hocking, La Toya Jackson, Helios, Matheson, Brian Quinn, Farnsworth's, Michael Hartstein, Vinco, Matt Argall, Mitch Lowe, Reuters Farnsworth, David, Goliath, TikTok, We're, Argall, Elton John, Jamie McCarthy, Lomotif, Lil Nas X, Snoop Dogg, Grimes, Zash, Allan Stern, Get2it, Stern, Robert N, Scola Jr, Scola, he's, —, Lowe, Getty, Dave Kotinsky, Stringer Vinco, expeditiously, Farnsworth —, Vanderbilt, Jesse Law, Katherine Long Organizations: Fox Business, Hollywood, Business, Zash Global Media, Entertainment, Vinco Ventures, Fox, Hudson Bay, BI, Helios, Matheson, Matheson Analytics, Boston College Law School, Palladium Capital Group, Vinco, BHP Capital, Armistice, CVI Investments, National Enquirer, Reuters, AMC Theatres, AMC, Gemini Valuation, Hudson, Eightco Holdings, Elton John AIDS Foundation, 91st, EDC, Tampa Marriott, SEC, Publishing, National Examiner, Globe, The New York Times, Southern, Southern District of, Bloomberg, Bay, Vanderbilt, Federal Bureau of Investigation Locations: Hudson, Vinco, Zash, Hudson Bay, China, Syracuse , New York, Lomotif, Syracuse, West Hollywood , California, Vegas, Tampa, Argall, Boston, India, The, Miami, MoviePass, Southern District, Southern District of Florida, New York

☆ Louis Gossett Jr., 1st Black man to win supporting actor Oscar, dies at 87
▼ + stars: | 2024-03-29 | by ( ) www.cnbc.com time to read: +8 min

Louis Gossett Jr., the first Black man to win a supporting actor Oscar and an Emmy winner for his role in the seminal TV miniseries "Roots," has died. Gossett became the third Black Oscar nominee in the supporting actor category in 1983. "More than anything, it was a huge affirmation of my position as a Black actor," he wrote in his 2010 memoir, "An Actor and a Gentleman." "I knew too little to be nervous," Gossett wrote. Gossett went to Hollywood for the first time in 1961 to make the film version of "A Raisin in the Sun."

Persons: Louis Gossett Jr, Oscar, Gossett's, Neal L, Gossett, Nelson Mandela, Louis Gossett, Ben Vereen, LeVar Burton, John Amos, Richard Gere, Debra Winger, David Susskind, Ed Sullivan, Red Buttons, Merv Griffin, Jack Paar, Steve Allen, James Dean, Marilyn Monroe, Martin Landau, Steve McQueen, Frank Silvera, Sidney Poitier, Ruby Dee, Diana Sands, Billy Daniels, Sammy Davis Jr, Melvyn Douglas, Anne Baxter, Patrick O'Neal, Royce Corniche, Richard Pryor, Sharon Tate's, Charles Manson's, Louis Cameron Gossett, Louis Sr, Sadat, Dave Karger's, Satchel Paige, Josephine Baker, Oscar didn't, Satie, Robert Gossett, Hattie Glascoe, Christina Mangosing, Cyndi James, Reese Organizations: HOLLYWOOD, TCM, Associated Press, Oscar, Globe, Broadway, New York University, Hollywood, Beverly Hills Hotel, Universal Studios, Eracism Foundation, Rockford, Mamas, White Locations: CA, Hollywood , California, Santa Monica , California, Malibu, Brooklyn, Manhattan, Hollywood, Los Angeles County, Beverly Hills, Coney, Brooklyn , New York, Malibu .

☆ Take a look at this funky new airline business-class concept that features a sofa bed instead of a recliner
▼ + stars: | 2024-03-27 | by ( Taylor Rains | ) www.businessinsider.com time to read: +1 min

The "SoFab" business-class concept made by a boutique Italian seatmaker is getting industry attention. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Known as "SoFab," the airline business-class seat uses a convertible sofa bed in lieu of a fully lie-flat reclining seat. It's up for an award for sustainability from RedCabin, and it was a finalist for the International Yacht & Aviation Awards 2024. AdvertisementTake a look at the Optimares "SoFab" business class.

Persons: —, SoFab Organizations: Service, Optimares, International Yacht, Aviation Locations: Italian

☆ Tammy Murphy drops out of NJ Senate Democratic primary to replace indicted Sen. Bob Menendez
▼ + stars: | 2024-03-24 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Tammy Murphy, the wife of New Jersey Democratic Gov. Phil Murphy, announced Sunday that she would withdraw from the state's Democratic Senate primary contest. The winner of that June 4 election will become the favorite to replace indicted Democratic Sen. Bob Menendez. Murphy's exit widens the path for Democratic Rep. Andy Kim to lock down his frontrunner status ahead of the primary. The Murphy campaign declined to provide further comment.

Persons: New Jersey Tammy Snyder Murphy, Philip D, Murphy, Tammy Murphy, Phil Murphy, Democratic Sen, Bob Menendez, Andy Kim, Menendez, Donald Trump, Kim, Larry Hamm, Patricia Campos, Medina, Steven Fulop, It's, Fulop Organizations: New Jersey Democratic Gov, Democratic Senate, Democratic, Democratic Rep, Democrat, Independent, Prosecutors, Benz, Republican, Jersey City Locations: New Jersey, of New Jersey, Trenton , New Jersey, United States, Monmouth County, NJ

☆ Microsoft debuts first Surface PCs with dedicated Copilot AI button
▼ + stars: | 2024-03-21 | by ( Jordan Novet | ) www.cnbc.com time to read: +1 min

Microsoft is releasing its first Surface PCs featuring a dedicated Copilot button on the keyboard for quickly accessing the chatbot, following through on a promise it made in January. The addition of the button, to the left of the arrow keys, represents the biggest change to the computer keyboard in decades. While Microsoft is not the largest PC seller — that distinction belongs to Lenovo — it does run the most popular operating system with Windows. Lenovo has announced its own PCs featuring Copilot keys, as have Dell and HP. When people type a few words in to the Copilot, which draws on AI models from Microsoft-backed OpenAI, servers in faraway data centers perform the necessary computing work to craft a response.

Organizations: Microsoft, Lenovo, Windows, Dell, HP, Business

☆ MicroStrategy's debt-fueled bitcoin purchases helping drive froth, raising risk of downturn, JPMorgan says
▼ + stars: | 2024-03-19 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

"In our mind, these debt-funded bitcoin purchases add froth to the current crypto rally by raising the risk of severe deleveraging in a potential downturn in the future," he added. MicroStrategy raised $604 million from the sale of converts on March 18, and another $800 million on March 8 . The latest purchases mark an acceleration from the fourth quarter pace, when MicroStrategy bought more than $1 billion of bitcoin. Originally launched as an enterprise business software company, Microstrategy has been buying bitcoin and holding them on its balance sheet since 2020. It largely trades as a proxy for the price of bitcoin, and in February of this year leaned into that, rebranding itself a Bitcoin development company.

Persons: JPMorgan's Marko Kolanovic, MicroStrategy, Microstrategy, Kolanovic, bitcoin, — CNBC's Michael Bloom Organizations: Momentum Locations: bitcoin, cryptocurrencies

☆ MicroStrategy, largest corporate holder of bitcoin, drops as much as 18% as cryptocurrency falls
▼ + stars: | 2024-03-19 | by ( Tanaya Macheel | ) www.cnbc.com time to read: 1 min

Shares of MicroStrategy tumbled on Tuesday alongside the price of bitcoin , as the company bought even more of the cryptocurrency. The move came as MicroStrategy bought an additional 9,245 bitcoins for about $623 million, according to a filing with the Securities and Exchange Commission. The company used $592.3 million in net proceeds from a recent private offering of convertible senior notes and excess cash to make its purchase. MicroStrategy made a similar move last week, purchasing 12,000 bitcoins for close to $822 million following a debt sale as bitcoin was climbing to all-time highs. The company now holds a total of 214,246 bitcoins, it announced Tuesday.

Persons: MicroStrategy Organizations: Securities and Exchange Commission

☆ China tightens regulations on consumer finance companies
▼ + stars: | 2024-03-19 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +1 min

(Photo by VCG/VCG via Getty Images)China has tightened the screws on consumer finance companies, raising the capital limit for non-bank financial firms which provide small personal loans. The measures announced by the National Financial Regulatory Administration on Tuesday will come into effect April 18. It comes at a time when Beijing is tightening its grip on the financial sector. The new rules stipulate that firms eligible to provide consumer loans — excluding those for home and car purchases — need to have a minimum registered capital of 1 billion yuan ($139 million). Investors of consumer finance firms are divided into main investors and general investors, according to the statement.

Organizations: of, National Committee of, Political Consultative, Getty Images, National Financial Regulatory Administration, Reuters, Investors Locations: BEIJING, CHINA, Beijing, China

☆ Cramer's Lightning Round: Datadog is a 'dynamite company'
▼ + stars: | 2024-03-18 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Marvell Technology's year-to-date stock performance. Stock Chart Icon Stock chart icon Datadog's year-to-date stock performance. Stock Chart Icon Stock chart icon Altimmune's year-to-date stock performance. Stock Chart Icon Stock chart icon Lantheus' year-to-date stock performance. Stock Chart Icon Stock chart icon SoFi's year-to-date stock performance.

Persons: Marvell, Centrus, it's, Eli Lilly, Lantheus, they've, Jim Cramer's Organizations: Marvell Technology, Centrus, GE

☆ MicroStrategy shares up 180% this year after debt sale to buy more bitcoin spurs latest rally
▼ + stars: | 2024-03-13 | by ( Ari Levy | ) www.cnbc.com time to read: +3 min

Michael Saylor, chairman and CEO of MicroStrategy, speaks during the Bitcoin 2022 conference in Miami on April 7, 2022. Saylor told CNBC's "Squawk Box" on Monday that bitcoin is going to "eat gold." "The price of bitcoin is going to have to adjust up in order to meet that investor demand," Saylor said. MicroStrategy said in the release that it "used the net proceeds from the sale of the notes to acquire additional bitcoin." As of Monday, Canaccord's analysis showed that MicroStrategy's equity value premium over its bitcoin holdings was 86%.

Persons: Michael Saylor, Saylor, CNBC's, bitcoin, MicroStrategy, Canaccord, MicroStategy Organizations: MicroStrategy, BTC, CNBC Locations: Miami, bitcoin

☆ Bob Menendez’s Bribery Case Reminds Us Why Proving Corruption Is So Hard
▼ + stars: | 2024-03-12 | by ( Alan Feuer | ) www.nytimes.com time to read: +1 min

In the last decade, it has proved surprisingly hard to put politicians accused of corruption behind bars. And juries have occasionally thought the officeholders’ behavior didn’t meet the high standard for corruption. Senator Bob Menendez of New Jersey, who was arraigned yesterday in a federal bribery case, is both an example of the conundrum and a test of whether federal prosecutors now know how to overcome it. In the senator’s last corruption trial, in 2017, jurors couldn’t make sense of the gifts and favors he’d received from a wealthy eye doctor. In exchange, prosecutors say, he attempted to disrupt criminal cases and used his position on the Senate Foreign Relations Committee inappropriately.

Persons: didn’t, Bob Menendez, he’d, Menendez Organizations: Bob Menendez of New, Democrat, Benz, Senate Foreign Relations Locations: Bob Menendez of, Bob Menendez of New Jersey, Egypt

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