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☆ A fugitive who robbed a bank was on the run for 52 years. He told his family the truth, including his real name, shortly before he died.
▼ + stars: | 2024-02-09 | by ( Jane Ridley | ) www.businessinsider.com time to read: +6 min

In 1969, Ted Conrad stole the equivalent of $1.7 million from the bank where he worked. "We were watching TV and he said, 'You know, ladies, when I moved here, I changed my name,'" Randele told Business Insider. Ashley Randele found out her dad, Ted Conrad, was a fugitive when he confessed on his deathbed. Advertisement"When you Google Thomas Randele or Ted Conrad, all you see is a vault teller who stole money and a fugitive who was caught after dying," she said. They don't know the tipster's identity, but someone approached a crime reporter in Ohio with an interested in the case.

Persons: Ted Conrad, —, Thomas Randele, Kathy, Ashley, he'd, Randele, Conrad, Ashley Randele, didn't, they'd Organizations: Service, Business, Society National Bank, US Locations: Cleveland, Boston, Ohio

☆ Stocks making the biggest moves before the bell: Snap, Uber, Chipotle, Alibaba and more
▼ + stars: | 2024-02-07 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Roblox said it lost 52 cents per share, narrower than the 55-cent estimate from analysts polled by LSEG. Yum Brands — Shares slipped 1.3% after the KFC, Taco Bell and Pizza Hut parent reported fourth-quarter earnings and revenue that missed expectations. Uber earned 66 cents per share and saw $9.94 billion in revenue, while analysts polled by LSEG expected 17 cents and $9.76 billion. The company also announced a special dividend of 18 cents per share on top of its regular first-quarter dividend of 15 cents per share. Fortinet beat analyst consensus estimates on both lines in the quarter, pulling attention away from its weak earnings guidance.

Persons: Alibaba, Roblox, Uber, LSEG, Chipotle, Ford, Enphase, Sonos, Fortinet, Walt Disney, Hakyung Kim, Sarah Min, Michelle Fox Organizations: LSEG, Revenue, KFC, Taco Bell, CVS, Enphase Energy, FactSet, Warner Bros, Discovery, Fox, ESPN, Walt Disney Locations: Israel

☆ Stocks making the biggest moves midday: Dollar Tree, iRobot, Bloom Energy and more
▼ + stars: | 2024-01-29 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

Dollar Tree — Shares of the discount retail chain popped 1% following an upgrade to overweight from neutral at JPMorgan. SoFi Technologies — Shares of the financial services provider surged 21% after the company reported its fourth-quarter financial results. ZoomInfo Technologies — Shares jumped more than 6% after Bank of America upgraded shares to buy from neutral on revenue growth acceleration. The firm cited tailwinds including improving market share and volume trends, as well as an attractive valuation and strong top-line growth. Flywire — Shares of the fintech company gained 3.75% after being upgraded by Morgan Stanley to overweight from equal weight.

Persons: McGrath RentCorp, McGrath, SoFi, iRobot, Koji Ikeda, Wells, Flywire, Morgan Stanley, Beam, —, Samantha Subin, Yun Li, Michelle Fox, Alex Harring, Lisa Kailai Han, Sarah Min, Pia Singh, Tanaya Macheel Organizations: WillScot Mobile, JPMorgan, Wall, Amazon, Bain Capital, Western Digital, Kioxia Holdings, Bloom Energy, Bank of America, ZoomInfo, Hershey —, AllianceBernstein, Warner Bros, —, Beam Locations: Japan, AATD

☆ Stocks making the biggest moves premarket: Dollar Tree, American Airlines, ZoomInfo Technologies and more
▼ + stars: | 2024-01-29 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

American Airlines — The airline stock added 1.5% following an upgrade to buy from neutral at Citi. "North America's network carriers' diversified revenue streams and solid demand for premium cabin offerings appear to provide them with superior positioning in this post-pandemic environment," wrote analyst Stephen Trent. Builders FirstSource — The building materials manufacturer edged 2% higher following an upgrade to buy from neutral at Bank of America. ZoomInfo Technologies — The software stock popped 5.5% after Bank of America analyst Koji Ikeda upgraded it to buy from neutral. "We believe it is a classic self-help story that is set to outperform," the analyst wrote, underscoring the company's revenue growth reacceleration and new AI products as potential catalysts.

Persons: Stephen Trent, Flywire, Morgan Stanley, Omar Nokta, Hershey, Wells, Steven Cahall, —, Cowen, Rafe Jadrosich, Julien Dumoulin, Smith, FactSet, Koji Ikeda, McGrath RentCorp — McGrath RentCorp, CNBC's Michelle Fox, Alexander Harring, Sarah Min, Jesse Pound Organizations: JPMorgan, American Airlines —, Citi, Zim Integrated Shipping Services —, Jefferies, Warner Bros, Bank of America, Bloom Energy, Koninklijke Philips —, Food and Drug Administration, Technologies, WillScot Mobile Locations: Albemarle, Netherlands

☆ Netflix's competitors helped it land a blowout quarter by selling it some of their best stuff
▼ + stars: | 2024-01-23 | by ( Peter Kafka | ) www.businessinsider.com time to read: +3 min

Netflix had a blowout quarter — much better than Wall Street expected. That's partly because competitors like Disney are selling their content to Netflix — a big strategy reversal. That's much better than Netflix or Wall Street had expected. But that was when Wall Street didn't care much about streaming profit. Now it does, so Netflix's competitors have to live with the fact that they're arming their biggest rival.

Persons: —, It's, Mario, Young Sheldon, they'd, you've Organizations: Netflix, Wall, Disney, Service, AMC, Comcast, Nintendo, Warner Bros, HBO, Brothers, Paramount

☆ Elon Musk thinks OpenAI may have made a dangerous discovery — and that's behind the Sam Altman drama
▼ + stars: | 2023-11-29 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Elon Musk said he's concerned OpenAI discovered a "dangerous element" of AI. The billionaire said he has "mixed feelings" about OpenAI CEO Sam Altman. AdvertisementElon Musk has some theories about why Sam Altman was initially ousted from OpenAI. Musk added that he wanted to know why OpenAI cofounder and chief scientist Ilya Sutskever "felt so strongly as to fight Sam. "He really sweats it over questions of what is right," Musk told Sorkin.

Persons: Elon Musk, OpenAI, Sam Altman, Musk, —, Andrew Sorkin, Sam, Ilya Sutskever, they've, It's, Altman, Kali Hays, he'd, Sutskever, backtrack, Sorkin, Ilya, OpenAI's ChatGPT Organizations: Service, OpenAI, CNBC

☆ NFL denounces hate speech, says it has expressed concerns to Elon Musk’s X
▼ + stars: | 2023-11-21 | by ( Oliver Darcy | ) edition.cnn.com time to read: +1 min

CNN —After days of silence following X owner Elon Musk’s endorsement of an antisemitic post, the NFL said Tuesday that it has conveyed its displeasure with the social media company. “The NFL unequivocally denounces all forms of hate speech and discrimination,” Brian McCarthy, the NFL’s chief spokesperson, said in a statement. “We’re aware of instances of hate speech on X and have expressed our concerns directly to X both in the past and again in the last few days,” McCarthy added. Earlier this year, the NFL also expressed concern after a Media Matters report found the league’s ads were appearing next to racist accounts on the social media platform. Earlier Tuesday, an NFL executive told CNBC that it was sticking with the platform despite the rise in hate speech.

Persons: Elon Musk’s, ” Brian McCarthy, “, ” McCarthy, McCarthy, ”, Brian Rolapp Organizations: CNN, NFL, Media, Apple, Disney, Warner Bros, CNBC

☆ Cassie Settles Lawsuit Accusing Sean Combs of Rape and Abuse
▼ + stars: | 2023-11-17 | by ( Ben Sisario | More About Ben Sisario | ) www.nytimes.com time to read: +1 min

And Ms. Ventura, who has already aired her accusations through a public complaint, avoids a cross-examination by Mr. Combs’s attorneys. In response, a lawyer for Mr. Combs, Ben Brafman, said, “Mr. According the suit, Mr. Combs called these events “freak offs,” and they took place in a number of high-end hotels throughout the United States. According to Ms. Ventura’s suit, Mr. Combs controlled nearly every aspect of her life, paying for her homes, car, clothes and other necessities, and even had access to her personal medical records. The suit says Ms. Ventura never went to the police because she feared it “would merely give Mr. Combs another excuse to hurt her.”

Persons: Combs, Ventura, Ventura —, Combs’s, Mr, Ben Brafman, “ Mr, Ms, Ventura’s, ” Organizations: Mr, Court Locations: Manhattan, United States

☆ Stocks making the biggest moves midday: Tesla, Warner Bros. Discovery, Boeing, HP and more
▼ + stars: | 2023-11-13 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Buyers could face possible legal action and Tesla may also refuse to sell future EVs to that individual or entity. Plug Power — Shares of the hydrogen developer added 1% after falling earlier in the session and plunging 40% Friday. On Monday, Wolfe Research downgraded Plug Power to peer perform from outperform, citing execution risk for financing operations. The downgrade came after Plug Power on Friday issued a going concern warning . The firm noted that the company recently topped consensus earnings estimates and expressed optimism over Health Catalyst's strong product portfolio and tech-enabled managed services (TEMS).

Persons: Tesla, Guggenheim, Wolfe, CrowdStrike, Henry Schein —, Henry Schein, Piper Sandler, GitLab, —, Sarah Min, Hakyung Kim, Alex Harring, Jesse Pound, Pia Singh, Tanaya Macheel Organizations: Warner Bros, Discovery, Boeing —, Dubai carrier Emirates, Boeing, Bloomberg, Nvidia —, Wolfe Research, StreetAccount, Tyson, Stifel, CrowdStrike Locations: China

☆ Stocks making the biggest moves midday: Warner Bros., Occidental Petroleum, Rivian, Toast and more
▼ + stars: | 2023-11-08 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Upstart Holdings — Stock in the artificial intelligence lending platform tumbled more than 26% after missing third-quarter sales and earnings estimates. Biogen — Stock in the biotech company fell more than 4% after third-quarter sales and earnings topped analysts' estimates. Boston-based Toast lost 9 cents per share, while analysts were expecting earnings of 10 cents per share, according to LSEG. Robinhood — The trading platform fell more than 14% after missing revenue estimates in the third quarter. Uber was down almost 1% after the company posted third-quarter results that missed sales and earnings estimates.

Persons: Berkshire Hathaway —, Rivian, Roblox, LSEG, StreetAccount, Robinhood, Uber, Jesse Pound, Yun Li, Pia Singh, Alex Harring, Lisa Han, Tanaya Macheel, Sarah Min Organizations: —, FactSet, Reata Pharmaceuticals, Occidental Petroleum —, Berkshire, Occidental, Wall, LSEG, Warner Bros, HBO, Food Network, eBay Locations: Houston, Boston

☆ Stocks making the biggest moves premarket: Rivian, Warner Bros., Lyft and more
▼ + stars: | 2023-11-08 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Lyft — Shares gained 2.9% ahead of the rideshare company's earnings set for release postmarket Wednesday. Analysts surveyed by FactSet's StreetAccount expect 15 cents per share in earnings on revenue of $1.14 billion, while Lyft's past guidance forecast revenue to come in between $1.13 billion and $1.15 billion. eBay — Shares tumbled 6.8% after the online marketplace offered weak guidance for revenue in the current quarter and full year. Otherwise, eBay beat analyst estimates for third quarter earnings per share, while revenue for the period matched the consensus LSEG forecast. Robinhood Markets — Shares dropped 9% after Robinhood reported disappointing third-quarter revenue.

Persons: FactSet's StreetAccount, Goldman Sachs, Robinhood, Estee Lauder —, TD Cowen, Alex Harring, Sarah Min, Michelle Fox Theobald Organizations: eBay, Warner Bros, HBO, Food Network, Network, Studios, Networks, Disney, ESPN Locations: China

☆ Netflix and other streamers have to share data with creators now — but the new transparency only goes so far
▼ + stars: | 2023-09-28 | by ( Lucia Moses | ) www.businessinsider.com time to read: +6 min

Discovery — would rip the curtain back on the data secrecy practiced by the streamers, that's not quite what happened. And it's not just creators hoping for bigger residual checks who are eager for more transparency about streaming data. As Netflix, Disney, and more companies pitch new ad-supported streamers, advertisers have griped that streamers have been slow to share the data about audience numbers and composition. Brands investing in films for distribution on streamers also are clamoring for more data to understand how many people are watching them. The WGA can share the data with its broader membership, but only in aggregated form.

Persons: that's, —, Tom Ara, DLA Piper, Kevin Krim, Ashwin Navin, Pryor Cashman, Simon Pulman, It's, Ted Hope, Hope Organizations: Netflix, Disney, Writers Guild of America, Alliance, Producers, Warner Bros, EDO, Brands, Samba, WGA, Nielsen

☆ Stocks making the biggest moves midday: Halliburton, Warner Bros. Discovery, Oracle and more
▼ + stars: | 2023-09-05 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Oracle — The software stock climbed 2.5% on the back of an upgrade to overweight from equal weight by Barclays. Airbnb — Shares rose 7.2% on the back of S&P Dow Jones Indices' Friday announcement that the stock would join the S&P 500 starting Sept. 18. The S&P 500 is widely tracked by large index funds, which could create buying pressure on Airbnb's stock in the weeks ahead. Warner Bros. said its adjusted full-year expectation assumes the financial effect of the writers and actors strikes will persist through the end of the year. Brady — The manufacturing stock gained 11.4% after the company reported quarterly results.

Persons: Halliburton, Dow Jones, Blackstone, acquirer Thoma, Brady —, Brady, Lennar, — CNBC's Brian Evans, Alex Harring, Hakyung Kim Organizations: Occidental Petroleum, Halliburton, EOG, Resources, OPEC, Oracle, Barclays, Blackstone —, Warner Bros, NextGen, Bloomberg, acquirer Thoma Bravo, FactSet Locations: Occidental, Saudi Arabia

☆ Stocks making the biggest moves premarket: Airbnb, Oracle, American Express and more
▼ + stars: | 2023-09-05 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Zynex, Coherus BioSciences , Universal Insurance Holdings — Coherus, Zynex and Universal Insurance stock fell on news from S&P 500 Dow Jones indices that the stocks would be moving within small-cap indexes. Coherus is leaving the MidCap 400 for the MidCap 600, while Universal Insurance is leaving the MidCap 600 altogether. American Express — Stock in the credit card giant ticked up 0.5% following an upgrade to outperform from sector perform from RBC earlier Tuesday. The S&P 500 is widely tracked by large index funds, which could create buying pressure on Airbnb's stock in the weeks ahead. Oracle — The software stock added 1.5% in premarket trading following an upgrade to overweight from equal weight by Barclays.

Persons: Dow Jones, Zynex, Airbnb, acquirer Thomas Bravo, —, Alex Harring, Jesse Pound Organizations: New York, Coherus BioSciences, Universal Insurance Holdings, Universal Insurance, RBC, Healthcare, Bloomberg, Oracle, Barclays, Brady, Brady Corporation, FactSet, Warner Bros Locations: Airbnb

☆ Disney’s battle with Charter could pose an existential threat to the cable bundle
▼ + stars: | 2023-09-05 | by ( Oliver Darcy | ) edition.cnn.com time to read: +5 min

CNN —It’s a carriage fight that could lead to the dismantling — or revolution — of the cable television bundle. Charter argues that it is paying a premium for Disney content ($2.2 billion in 2023), but that much of the first-class, buzzy content is actually on platforms like Disney+, not the linear channels. And it says it has proposed “creative ways” to make Disney’s DTC offerings available to Charter subscribers. But, in Disney’s eyes, why would it give away access to its expensive DTC content at no additional cost to Charter subscribers? “The Walt Disney Company and Charter have the opportunity to work together on transforming the industry for the long-term benefit of both companies and their customers,” Charter said.

Persons: CNN —, Disney, “, Bob Iger, Chris Winfrey, ” Organizations: CNN, Disney, Charter Communications, US, NFL, ABC, ESPN, Labor, Charter, Warner Bros, Paramount, Comcast, Fox Corporation, Hulu, FuboTV, Walt Disney Company, ”

☆ Rudy Giuliani, who keeps telling courts he's broke, just got hit with a $132,000 bill from a judge
▼ + stars: | 2023-08-30 | by ( Sonam Sheth | Jacob Shamsian | ) www.businessinsider.com time to read: +5 min

Rudy Giuliani automatically lost a defamation lawsuit brought by two election workers in Georgia. The judge said the "cloak of victimization" Giuliani wears in public won't fly in her courtroom. A jury will decide how much he will pay in damages to the election workers, in addition to the sanctions. AdvertisementAdvertisementGiuliani had broadcast false rumors that accused Georgia election workers Ruby Freeman and Wandrea' ArShaye Moss of fraud, and they sued him for defamation. He's also on the hook for another $43,684 in fees associated with his businesses' failure to hand over discovery evidence in the case.

Persons: Rudy Giuliani, Giuliani, Beryl Howell didn't, Howell, Ruby Freeman, Wandrea, ArShaye Moss, Freeman, Moss, He's, Ted Goodman, Goodman Organizations: Service, New York, New, US, Southern, of, FBI Locations: Georgia, Wall, Silicon, New York, Georgia's, of New York

☆ If you found gold coins, meteorites or cash stuffed in a piano, the tax man wants a piece
▼ + stars: | 2023-08-21 | by ( Greg Iacurci | ) www.cnbc.com time to read: +1 min

Consider this a public service announcement for all treasure hunters: Uncle Sam wants a piece of your loot. Someone who makes a valuable discovery — whether gold coins, meteorites or even cash — generally owes tax on that haul, which is known as "found" property. More from Personal Finance:How to leverage 0% capital gains with this lesser-known tax strategyLawmakers weigh tax rule 'backslide' for Venmo, PayPal usersIRS unveils 'paperless processing initiative' for taxpayers"Is there a treasure-hunter exclusion?" The haul would therefore be taxed at ordinary-income tax rates. These tax rates (which also apply to income like job wages) are up to 37%.

Persons: Uncle Sam, Troy Lewis, Lewis, it's Organizations: Brigham Young University ., Finance, Venmo, PayPal, IRS

☆ The CEO of Verge Genomics shares how she's overcome gender and age biases in biotech by showing people 'there can be a new way of doing things'
▼ + stars: | 2023-08-17 | by ( Josée Rose | ) www.businessinsider.com time to read: +15 min

In the latest Equity Talk, she shares how she's overcoming biases in the VC and biotech fields. Verge Genomics works with data derived from brains and spinal cords donated by people after they die. That's really been helpful because they don't necessarily see the same kind of questions. But I think part of that is just showing them that there can be a new way of doing things. I think that's an area where naivete can be a benefit, when you have big technological hurdles to overcome.

Persons: Alice Zhang, Zhang, it's, It's, That's, I've, we're, I'm, who's, There's, Alice, aren't, they're, that's unarguable, — Organizations: Genomics, Morning, Verge Genomics, Eff, pharma, Tech

☆ Peculiar dead white dwarf star has two faces
▼ + stars: | 2023-07-24 | by ( Ashley Strickland | ) edition.cnn.com time to read: +5 min

CNN —Astronomers have made a first-of-its-kind discovery — a white dwarf star with two completely different faces. White dwarfs are burnt remains of dead stars. The newly discovered white dwarf has two sides, one made of hydrogen and the other made of helium. Researchers have nicknamed the star Janus, for the Roman god of transition, which has two faces. “We might have possibly caught one such white dwarf in the act.”As the white dwarf cools over time, the heavier and lighter materials may mix together.

Persons: Janus, ”, Ilaria Caiazzo, Caiazzo, Neil Gehrels, ” Caiazzo, “, K, Miller, James Fuller Organizations: CNN —, California Institute of Technology, Observatory, Gran, Canarias, Keck, Caltech Locations: Canary, Maunakea, Hawaii

☆ Judge sets Trump classified documents trial for May 2024, months before election
▼ + stars: | 2023-07-21 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

Former President Donald Trump's trial on charges of mishandling classified documents will begin on May 20, 2024, a federal judge ordered Friday. Trump last month pleaded not guilty to 37 criminal counts related to his retention of classified documents after leaving the White House in 2021 and subsequent alleged efforts to conceal them from the government. The DOJ's proposal to start the trial in December, meanwhile, "is atypically accelerated and inconsistent with ensuring a fair trial," she added. Cannon's schedule laid out dozens of procedural deadlines ahead of the spring 2024 trial. The government has until Sept. 7 to turn over relevant classified documents to the defense in discovery.

Persons: Donald Trump, Donald Trump's, Judge Aileen Cannon, Cannon, Todd Blanche, Walt Nauta Organizations: U.S, Republican, Conference, Department of Justice, Trump, Republican National Convention, GOP, White House, NBC News Locations: West Palm Beach , Florida, U.S, Fort Pierce , Florida, Cannon, Milwaukee, Trump's

☆ A professor found $550,000 of 'floating gold' in the entrails of a dead sperm whale. Here's why ambergris is so expensive.
▼ + stars: | 2023-07-08 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +3 min

A professor found a lump of ambergris, or "floating gold," worth 500,000 euros in a dead whale. The stone, which was worth 500,000 euros, or around $545,000, was made of ambergris — a strange, naturally-occurring substance that's known as "floating gold." It can be judged by the color of the ambergris, with black having the least ambrein and white the most. Top perfumes are usually made with white ambergris, while substitute chemicals are used in cheaper ones. In 2021, a group of fishermen in the Gulf of Aden sold a chunk of ambergris worth around $1.5 million to a buyer in the United Arab Emirates.

Persons: Antonio Fernández, Alexis Rosenfeld, Richard Sabin Organizations: Service, of Animal Health, Food Security, Universidad, Las Palmas de Gran Canaria, National Geographic, United, United Arab Emirates, BBC Locations: Wall, Silicon, La, Gulf, Aden, United Arab

☆ Tom Cotton demands briefing on the cocaine found at the White House
▼ + stars: | 2023-07-05 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +2 min

A small amount of cocaine was found at the White House in an area heavily trafficked by visitors. Sen. Tom Cotton just sent a letter to the Secret Service demanding a briefing on the matter. "Congress and the American people deserve to know how cocaine got into the White House," he said. Cotton gave the agency until 5pm on Friday to respond to the questions, which centered around security procedures at the White House. "If the Secret Service discovers the identity of the individual who brought illicit cocaine into the White House complex, will they make an arrest under this provision?"

Persons: Sen, Tom Cotton, —, Cotton Organizations: White, Secret Service, Service, Arkansas Republican, Wing, New York Times Locations: Arkansas

☆ Albert Einstein wrote to the US pleading with the government to build an atomic bomb 80 years ago. Here's what he said.
▼ + stars: | 2023-07-04 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +6 min

Albert Einstein was famously a pacifist, but he urged the US to develop the atomic bomb. Szilard and two other Hungarian physicists, Edward Teller and Eugene Wigner, who were both refugees, told Einstein of their grave concerns. Einstein and Leo Szilard reenacting the signing of their letter to Roosevelt warning that Germany may be building an atomic bomb. Einstein later said, "Had I known that the Germans would not succeed in developing an atomic bomb, I would have done nothing for the bomb." UK Prime Minister Winston Churchill meets with Roosevelt in the meeting where they finalized plans for an atomic bomb.

Persons: Albert Einstein, —, Franklin D, Roosevelt, Einstein, Alexander Sachs, Alex, Sachs, Leo Szilard, Szilard, Edward Teller, Eugene Wigner, Leo Szilard reenacting, Cynthia Kelly, Winston Churchill, Warren Buffett Organizations: Manhattan, Service, Atomic Heritage Foundation, New York Times, Jewish, Getty, Geographic, Uranium, Manhattan Project, AP, Gamma, Columbia University Locations: Japan, Nazi Germany, Germany, Hungarian, Hiroshima, Nagasaki, AP Nazi Germany, Keystone, France, United States

☆ Stocks making the biggest premarket moves: Alibaba, Dice Therapeutics, Avis and more
▼ + stars: | 2023-06-20 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Atmus Filtration Technologies — Shares of the air filtration company rose more than 2% after a slew of analysts initiated coverage with bullish ratings, including JPMorgan. The bank said Atmus trades at a "deep discounted valuation vs. peers, despite >80% of aftermarket mix, while its planned expansion into industrial filtration should bridge the valuation gap vs. direct filtration peers over time." Avis Budget — Shares added 3.5% in light volume following an upgrade by Morgan Stanley to overweight from equal weight. Philip Morris International — Shares of the tobacco company rose 1.5% in premarket trading after Citi upgraded Philip Morris to buy from neutral. Carnival — Shares moved 1.5% higher in the premarket, building on gains made last week when it was the S&P 500's best performer.

Persons: Daniel Zhang, Eddie Wu, Alibaba's, Eli Lilly, Morgan Stanley, Adam Jonas, Jonas, Avis, Philip Morris, —, Jesse Pound Organizations: Alibaba, Holding, JPMorgan, Avis Budget, Citi, Warner Bros Discovery Locations: Beijing, China, —

☆ Stocks making the biggest moves midday: GameStop, Amazon, Carvana and more
▼ + stars: | 2023-06-08 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

GameStop — The meme stock tumbled nearly 18% after the company fired CEO Matthew Furlong and appointed Ryan Cohen as executive chairman, effective immediately. Carvana — Shares popped 56% after the online car seller issued an upbeat outlook for the second quarter. Carvana said it now expects non-GAAP total gross profit per unit to come in above $6,000 in the second quarter. Smartsheet — Smartsheet tanked more than 17.5% after the software company said billings came in at $215.5 million, falling short of a StreetAccount estimate of $217.1 million. Trip.com posted earnings per share of 43 cents, beating a StreetAccount estimate of 26 cents.

Persons: Matthew Furlong, Ryan Cohen, Wells, Carvana, Wolfe, Fisker, Rod Lache, Chris Licht, Jefferies, billings, Lilly Pulitzer, Tommy Bahama, Trip.com, Yun Li, Alex Harring, Sarah Min, Michelle Fox, Tanaya Macheel Organizations: GameStop, Signet, Signet Jewelers, Wolfe Research, Warner Bros, CNN, Wynn Resorts, Sands, Mobile, Adobe —, Adobe, Oxford Industries Locations: Wells Fargo, Las, Macao

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