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☆ Here are Wednesday's biggest analyst calls: Apple, Tesla, Nvidia, Super Micro, Honeywell, Target & more
▼ + stars: | 2024-03-06 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Wednesday's biggest calls on Wall Street: Berenberg upgrades Honeywell to buy from hold Berenberg said the industrial conglomerate is well positioned. Roth MKM initiates Aspen Aerogels as buy Roth said it sees a "strong secular opportunity" for the insulation company. HSBC upgrades Target to buy from neutral HSBC said it likes the company's strategy following earnings on Tuesday. " Target's strategy aims to drive long-term sales growth market share gains and improve profitability Deutsche Bank upgrades Target to buy from neutral Deutsche upgraded Target following earnings on Tuesday. Argus initiates Super Micro as buy Argus said it sees "years" of growth for shares of Super Micro.

Persons: Berenberg, Morgan Stanley, Tesla, Roth MKM, Roth, JPMorgan, Wolfe, Evercore, Needham, SMCI Organizations: Honeywell, Barclays, Aspen, HSBC, Target, Deutsche Bank, Deutsche, JPMorgan, BBB, Citi, Madrigal Pharmaceuticals, Motors, RBC, EV, ISI, Bank of America, Google, Apple, Nvidia, NVIDIA, Crinetics Pharmaceuticals, Argus, Super Locations: China, Dominion

"Donald Trump is going to be the recipient of a [large] delegate number tonight. Trump won Alabama, Arkansas, California, Colorado, Massachusetts, Maine, Minnesota, North Carolina, Oklahoma, Tennessee, Texas and Virginia, with results from Alaska and Utah yet to come. “If Donald Trump returns to the White House, all of this progress is at risk. In Virginia, Haley got 35% of the GOP primary vote and posted similar numbers in Massachusetts. Haley had strong fundraising numbers in January and February, but it's possible the money will dry up after Trump's Super Tuesday wins.

Persons: Joe Biden, Donald Trump, Trump, Nikki Haley, Haley, wasn't, David Plouffe, Barack Obama's, Plouffe, revel, Biden, ” Biden, –, implode, Lara Trump Organizations: South Carolina, Trump, MSNBC, Hawkeye State, Republican, Alabama, White, GOP, Oklahoma, Biden, Massachusetts, Old Dominion, Trump's Super, Republican National Committee Locations: Vermont, Iowa, Hawkeye, Arkansas , California , Colorado , Massachusetts, Maine, Minnesota, North Carolina , Oklahoma , Tennessee , Texas, Virginia, Alaska, Utah, Lago, Alabama , Arkansas , California , Colorado , Iowa , Massachusetts, North Carolina , Oklahoma , Tennessee , Texas , Utah, California, Massachusetts, Gaza, North Carolina, Old

☆ White House calls on Fox News executives to retract bogus FBI informant claims against Biden
▼ + stars: | 2024-02-29 | by ( Oliver Darcy | ) edition.cnn.com time to read: +5 min

New York CNN —The White House is formally calling on Fox News to walk back its coverage of bribery and corruption allegations against President Joe Biden. The letter is the latest from the Biden White House, which has taken a more aggressive approach to news coverage of the president that it sees as unfair in the run-up to the November election. Earlier this month, Sams sent a letter to the White House Correspondents’ Association, protesting coverage of Special Counsel Robert Hur’s report on Biden’s handling of classified material. Since Fox News has declined to take the responsible course of action and meaningfully correct the record, the White House is now moving to formally request the network do so. And, in a statement the network provided to CNN, Fox News didn’t directly address the White House’s request.

Persons: Joe Biden, Ian Sams, Fox, ” Sams, Suzanne Scott, Jay Wallace, Bryan Boughton, Sams, Robert Hur’s, Biden, “, Jesse Watters, Sean Hannity, Alexander Smirnov, Hannity, Watters, Smirnov, Brooke Singman, newsrooms, Fox News didn’t, ” Organizations: New York CNN, Fox News, White House, FBI, Biden White, White, ’ Association, Fox, Voting Systems, Fox News Channel, CNN, “ Fox News Media Locations: New York, Washington

☆ Uber joins the Dow Transports. Here's why it's a curious addition
▼ + stars: | 2024-02-26 | by ( Bob Pisani | ) www.cnbc.com time to read: +2 min

Uber is going into the Dow Transports on Monday, marking the first change to the index since Dec. 7, 2021, when Old Dominion replaced Kansas City Southern. Under Dow Theory, the Transports should confirm a new high in the Dow Industrials. Uber is a funny add because unlike many of the other index components, it's not really a shipping company. The add likely reflects the Dow Transports index committee's belief that this is a transportation company, even if it just shuttles people instead of packages. This follows a well-known pattern called the S & P inclusion effect.

Persons: Avis, Uber, Stocks, underperform Organizations: Dow Transports, Old Dominion, Kansas City Southern, Dow, Dow Jones Transport, Dow Theory, Transports, it's, Uber, Federal Reserve Bank of New, Union Pacific, CSX, Kirby Locations: Federal Reserve Bank of New York, Matson, Old Dominion

☆ Fox News hyped the bogus FBI informant claims against Biden. Now its refusing to walk them back
▼ + stars: | 2024-02-22 | by ( Oliver Darcy | ) edition.cnn.com time to read: +6 min

New York CNN —Days after explosive bribery claims about President Joe Biden came ripping apart at the seams, Fox News and the broader MAGA Media universe have declined to walk back their factually-challenged narrative. (Photo by Erik McGregor/LightRocket via Getty Images) Erik McGregor/LightRocket/Getty ImagesThe lack of a retraction or any real sign of contrition comes as the Smirnov allegations continue to implode in spectacular fashion. The network functions as the main organ in the right-wing media universe and has tremendous influence over the Republican Party base. By refusing to fully acknowledge the false claims and press GOP lawmakers on their relentless promotion of it, Fox News is effectively giving GOP lawmakers permission to continue doing so. A Fox News spokesperson did not off me a comment on the network’s coverage of the revelations surrounding the informant.

Persons: Joe Biden, Biden, David Weiss, Alexander Smirnov, Smirnov, ”, Jesse Watters, baselessly, Sean Hannity, Hannity, Weiss, Donald Trump, Brooke Singman, Erik McGregor, contrition, ” Weiss, Harris Faulkner, ” Faulkner, Rupert, Lachlan Murdoch, Lachlan, Tim Miller, “, ” Miller Organizations: New York CNN, Fox News, MAGA Media, Republican, Capitol, ” Fox News, Trump, FBI, Getty, Wednesday, Republican Party, Fox, Dominion Voting Systems, U.S . Capitol, MSNBC Locations: New York, Trump Russia, Democratic, United States

☆ 4 of our stocks report earnings next week. Here's what we want to see from each
▼ + stars: | 2024-02-17 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

A hotter-than-expected consumer price index on Tuesday sent stocks reeling, with the Dow posting its biggest drop in a year. Stocks bounced back over the next two days, helped by a softer retail sales report , only to slump again on Friday's hot producer price index for January. As we said this week, we're not overly concerned with the hotter-than-expected inflationary readings. Earnings season picks back up for the Club next week, with four holdings set to report quarterly results. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Wall, Stocks, we're, Palo, Fortinet, BCH's Bausch, Management doesn't, Dana, Bausch, Dr Pepper, Diana Shipping, Jim Cramer's, Jim Cramer, Jim, Jensen Huang, Walid Berrazeg Organizations: Dow Jones Industrial, Nasdaq, Dow, Federal Reserve, Club, Palo Alto, Palo, billings, Nvidia, Amazon, Microsoft, Bausch Health, Coterra Energy, Management, NYSE, Walmart, Axsome Therapeutics, Barclays Bank, Armstrong World Industries, Ceragon Networks, Tri Pointe Homes, Dana Incorporated, DigitalBridge, Oil States International, Systems, Allegion, CenterPoint Energy, Equitrans Midstream Corporation, Expeditors International of Washington, Alto Networks, SolarEdge Technologies, Enovix Corporation, Caesars Entertainment, Diamondback Energy, Toll, Ternium S.A, Celanese Corp, Chesapeake Energy, CVR Energy, Reserve, Vertiv Holdings Co, Properties Trust, Devices, HSBC Holdings plc, HSBC, Lomb, Sinclair Corporation, Pagaya Technologies, Gibraltar Industries, Garmin, NVIDIA, Rivian Automotive, Sunnova Energy International, Bros, Apache, Oil, Suncor Energy, Co, FNF, Sciences, Coeur D'Alene Mines, Trip.com, Joby Aviation, Resources, Alamos, Jackson, Nutrien, NTR, Pan, Sm Energy Company, Health, Newmont, Nikola Corporation, Cheniere Energy, Fiverr, Natural Resources, Point Credit, Lantheus Holdings, Builders, Grab Holdings, NICE, Dominion Energy, Harmony Biosciences Holdings, Teck Resources Limited, Intellia Therapeutics, Energy, Booking Holdings, Intuit, Semiconductor, Nation Entertainment, Vale S.A, Rocket Companies, Warner Bros ., AerCap Holdings, Natural Holdings, Calumet Specialty Products Partners, Frontier Communications, Jim Cramer's Charitable, CNBC, Lightrocket, Getty Locations: billings, Palo Alto, China, Xifaxan, Tri Pointe, Avista, Gibraltar, Coeur D'Alene, Pan American, Teck, Vale

☆ Nvidia earnings, Fed minutes on deck next week as Wall Street assesses interest rate outlook
▼ + stars: | 2024-02-16 | by ( Sarah Min | ) www.cnbc.com time to read: +8 min

The Dow Jones Industrial Average, S & P 500 and the Nasdaq Composite each snapped a five-week advance. On average, market strategists on Wall Street anticipate the S & P 500 will end the year at 4,936, according to a CNBC survey . The equal-weighted S & P 500 index is up just 1.7% in 2024, trailing far behind the market-cap weighted benchmark. Initial Claims (02/17) 9:45 a.m. PMI Composite preliminary (February) 9:45 a.m. S & P PMI Manufacturing preliminary (February) 9:45 a.m. S & P PMI Services preliminary (February) 10 a.m. Existing Homes Sales (January) Earnings: Booking Holdings , Live Nation Entertainment , Intuit , Edison International , Dominion Energy , Moderna , PG & E , Keurig Dr. Pepper Friday, February 23, 2024 Earnings: Warner Bros.

Persons: chipmaker, Ayako Yoshioka, Yoshioka, Jerome Powell, Josh Emanuel, everybody's, Emanuel, Russell, They're, Chris Chen, Chen, Dr, Pepper, Nick Wells, Kif Leswing Organizations: Nvidia, CNBC, Dow Jones, Nasdaq, Federal Reserve, Investor, Treasury, Wilshire Associates, American Association of, Insight Financial, Walmart, Home, Alto Networks, Diamondback Energy, Caesars Entertainment, Marathon, Devices, Chicago, PMI, Holdings, Nation Entertainment, Intuit, Edison International, Dominion Energy, Moderna, Warner Bros Locations: U.S, Santa Monica, Calif

☆ Climate scientist Michael Mann awarded more than $1 million in damages from conservative writers who defamed his work
▼ + stars: | 2024-02-09 | by ( David Goldman | Paradise Afshar | ) edition.cnn.com time to read: +2 min

CNN —A jury has awarded climate scientist Michael Mann more than $1 million in a defamation lawsuit he brought against a former scholar and a media personality who lampooned Mann’s work. A jury in the Washington, DC, Superior Court civil case awarded Mann $1 million in punitive damages and a dollar from each defendant in compensatory damages. Mann had also sued the National Review and Competitive Enterprise Institute. Mann intends to appeal that 2021 decision, which said the Competitive Enterprise Institute and National Review could not be held liable for defamation, according to multiple reports. However, Mann’s is the latest in a recent string of defamation trial victories for plaintiffs or large settlements – most notably including E. Jean Carrol’s $83.3 million verdict against former President Donald Trump.

Persons: Michael Mann, Mann’s, Mann, Rand Simberg, Mark Steyn, Jerry Sandusky, “ Mann, ” Steyn, Simberg, Steyn, “, ” Mann, Mike Mann’s, Pete Fontaine, Jean Carrol’s, Donald Trump Organizations: CNN, Competitive Enterprise Institute, National, Pennsylvania State, Superior, DC, Court, X, Fox Corp Locations: Washington, DC, United States

☆ Pro-Trump network OAN’s president solicited more info after receiving ‘stolen’ Smartmatic passwords, court documents allege
▼ + stars: | 2024-02-07 | by ( Marshall Cohen | ) edition.cnn.com time to read: +8 min

The revelation builds on CNN’s previous reporting that OAN President Charles Herring forwarded the purported Smartmatic passwords to ex-Trump campaign lawyer Sidney Powell within days and later passed it to Mike Lindell. OAN denies defaming Smartmatic or anyone else, and its lawyers say nobody at OAN broke the law in connection with the alleged passwords. In a recent court filing, Smartmatic publicly disclosed – for the first time – the original email that OAN received on January 5, 2021, containing the alleged passwords. If you come across any addition (sic) information, please pass along,” according to emails made public in court filings. OAN handed over the emails to Smartmatic last year, but later claimed they were privileged and should be returned.

Persons: Charles Herring, Sidney Powell, Mike Lindell, Joe Biden, Smartmatic, OAN, defaming Smartmatic, Eric Coomer, Herring, tipster, –, ”, Powell, …, It’s, ’ Smartmatic, OAN “, Carl Butzer, “, Moxila Upadhyaya, OAN’s, Charles Babcock, Upadhyaya, Babcock, Oprah Winfrey, Bill O’Reilly, Phil Organizations: CNN, America, Trump, Voting Systems, Court, Fox News Locations: DC

The Senate voted 31-22 to pass Senate Bill 189, sending it on to the House for more debate. Also Tuesday, Burns' committee approved a state constitutional amendment that says only U.S. citizens can vote in Georgia elections. Supporters, including Raffensperger, claim the measure is needed to make sure no one ever changes the current Georgia law that bars noncitizens from voting. Some lawmakers hope new optical scanners can be purchased and used to count ballots without QR codes this year. All Democrats, even one who voted to ban QR codes in committee, voted against the Senate bill Tuesday.

Persons: Donald Trump's, Bill, Brad Raffensperger's, it's, Max Burns, ” Burns, Donald Trump, Alex Halderman, Raffensperger, Burns, noncitizens, Matt Hatchett, Sen, Sally Harrell, Harrell Organizations: ATLANTA, —, Republican, Sylvania Republican, Fox News, Dominion, Board, Georgia, Dublin Republican, Atlanta Democrat Locations: — Georgia, Georgia, Atlanta

☆ Tucker Carlson set to interview Vladimir Putin
▼ + stars: | 2024-02-06 | by ( Ryan Anastasio | ) www.cnbc.com time to read: +1 min

Former Fox News host Tucker Carlson said he will interview Russian President Vladimir Putin, becoming the first member of the Western media to interview the Russian leader since the country's invasion of Ukraine almost two years ago. "Why is Vladimir Putin such a bad guy? He's not Saddam Hussein, he's not Adolf Hitler, he's not a danger to the United States," Carlson said in 2017. He is a dangerous authoritarian who has used a hundred billion in U.S. tax dollars to erect a one-party police state in Ukraine," Carlson said in 2022. The far-right commentator's interview with Putin will be released on X and the media startup TuckerCarlson.com.

Persons: Tucker Carlson, Vladimir Putin, Putin, Carlson, Saddam Hussein, he's, Adolf Hitler, Tucker, Volodymyr Zelenskyy, Zelenskyy, Lenin, George Washington Organizations: Fox News, Dominion Voting Systems, CNBC PRO Locations: Ukraine, Moscow, United States

Fox held separate pre-Iowa town halls for DeSantis and Haley, but at 6 p.m. before prime time. Frustration boiled over when DeSantis' campaign manager, James Uthmeier, felt that a Fox graphic didn't show the extent of the candidate's appearances in Iowa. Asked by Ainsley Earhardt if she would withdraw if she lost New Hampshire, Haley said she would not. “I don't care how much y'all want to coronate Donald Trump,” Haley said. “I don't need any advice from RINO Kayleigh McEnany on Fox,” Trump wrote on Truth Social, referencing the conservative slur Republican in Name Only.

Persons: Donald Trump, Nikki Haley, Ron DeSantis, DeSantis, Haley, Trump, Kayleigh McEnany, It's, Brian Stelter, questioners, ” Trump, He's, ”, Erick Erickson, Bret Baier, Martha MacCallum, —, Fox, surrogates, James Uthmeier, “ Fox, ” Uthmeier, Fox’s Laura Ingraham, she’s, ” Ingraham, “, Brian Kilmeade, Ainsley Earhardt, Kilmeade, ” Haley, that's, ” Kilmeade, ” Erickson, “ They've, I've, DeSantis aren't, Chris Sununu, Fox's Harris Faulkner, Sununu, Joe Biden, ” Sununu, ” Faulkner, Jean Carroll, Fox's, Biden, RINO, Steve Doocy, ” Fox, “ Trump, ” ___ David Bauder Organizations: Fox News, Republican, Fox, White House, DeSantis, Trump, CNN, Twitter, GOP, “ Fox, New, America, New Hampshire Gov, FOX, Voting Systems, MSNBC, New York Times, Truth, Friends, Associated Press Locations: Florida, Trump, Fox's, Iowa, Fox, weren't, New Hampshire, New York

☆ AI is fueling global power demand. Morgan Stanley sees opportunities for these 'underappreciated' winners
▼ + stars: | 2024-02-01 | by ( Pia Singh | ) www.cnbc.com time to read: +7 min

Power demand from generative AI will soar from 46 terawatt hours to 224 TWH between this year and 2027, according to the firm's base case scenario. That's equivalent to more than 75% of the total global data center power use in 2022, or close to Spain's entire power consumption in 2022, the firm said. "We believe the rapid power demand growth from GenAI is not well understood, and not priced into a number of stocks." Among large-scale renewable developers in the U.S., AES has the largest commercial and industrial market share, according to Morgan Stanley. Apart from data center infrastructure and power providers, utilities are another part of the data center servicing ecosystem.

Persons: Morgan Stanley, Morgan Stanley's, Andrew Percoco, Bloom, Percoco, NextEra, Max Yates, Sharon Shih Organizations: CNBC, Bloom Energy, AES Corp, NextEra Energy, Google, Microsoft, Bank of America, AES, Big Tech, Stocks, Delta Electronics, Mitsubishi Electric, Analysts, Dominion Energy Locations: GenAI, U.S

☆ Pro-Trump network OAN execs may have ‘engaged in criminal activities’ while promoting 2020 election lies, Smartmatic alleges
▼ + stars: | 2024-01-29 | by ( Marshall Cohen | ) edition.cnn.com time to read: +7 min

CNN pieced together who was involved in the email exchanges by examining court records from three separate cases stemming from the 2020 election. Baseless 2020 smearsSmartmatic has sued OAN, Powell, and other Trump allies and right-wing outlets, seeking billions of dollars in damages for their 2020 election lies. It’s unclear if the spreadsheet has any connections to the breach in rural Coffee County - which used software from Dominion Voting Systems, and not Smartmatic, in the 2020 election. One of its correspondents, who is also an attorney, even worked with Trump’s legal team to subvert the 2020 election results. The network, the two Herrings, and some of their on-air personalities are also being sued for defamation by Dominion, which was the target of similar 2020 election lies.

Persons: Trump, Sidney Powell, OAN, Smartmatic, “, Powell, Charles Herring, Herring, Donald Trump, Joe Biden, “ OAN, ‘, ”, Charles Babcock, Babcock, Erik Connolly, Trump’s, Robert Herring, Mike Lindell, Lindell, Charles, Lindell didn’t, Eric Coomer Organizations: CNN, America News, Smartmatic, Trump, OAN, Fox News, ” CNN, Dominion Voting Systems, Russian, Dominion, Lindell, DirecTV Locations: Philippines, Smartmatic, Coffee County, Coffee, Ukraine

☆ Rudy Giuliani has claimed that Donald Trump could owe him 'unpaid legal fees' in a new filing
▼ + stars: | 2024-01-27 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +2 min

Read previewDonald Trump's former lawyer, Rudy Giuliani, has suggested the former president has not paid some of his legal fees in a new bankruptcy filing. He listed a "possible claim for unpaid legal fees against Donald J. Trump" in response to a question about any potential outstanding claims but did not specify how much he might be owed. AdvertisementThe New York Times previously reported that Giuliani had repeatedly unsuccessfully appealed to Trump to pay his overdue legal fees. His recent efforts to raise money for legal fees resulted in him netting just $1 million from 13 donors. On Friday, a federal jury saddled Trump with $83.3 million in damages in the E. Jean Carroll's defamation trial against him.

Persons: —, Donald Trump's, Rudy Giuliani, Donald J, Trump, Giuliani, Jean Carroll's Organizations: Service, Business, Court, Southern, of, New York Times, Trump, Voting Systems Locations: Georgia, York

☆ The future of the American amusement park in a Disney, Universal dominated world of thrills
▼ + stars: | 2024-01-27 | by ( Kevin Williams | ) www.cnbc.com time to read: +14 min

Eric Thayer | Bloomberg | Getty ImagesThe theme park business, like many others, is consolidating and changing along with consumer habits. Coney's closing ended an era for Cincinnati-based theme park consultant Dennis Speigel. And there's an underlying rationale for the deal related to what's occurred on the national theme park landscape in recent decades. watch nowA more consistent ride at Cedar Fair Comparatively, Cedar Fair has seen its attendance decline from 22.9 million visitors in the first nine months of 2019 to 20.9 million in 2023. "Disney and Universal have theme parks in several global markets and are considered destination resorts," Baker said.

Persons: Eric Thayer, Knotts, Looney, Richard Zimmerman, Selim Bassoui, Universal, Dennis Speigel, Speigel, Don Helbig, Helbig, Zimmerman, Bassoul, David Katz, Jeffries, It's, Katz, Salim, Berry, Stifel, Carissa Baker, Baker, Dallas restauranteur Shannon Wynne's, Wynne, Wynne's, Angus, Louis, Texans haven't, hadn't, Elizabeth Ringas, Ringas, it's Organizations: Bloomberg, Getty, Disney, Comcast's, Cedar Fair, Flags, Looney Tunes, Marvel, Cedar, Department of Justice, Fair, Dominion, Universal, Google, Dell, Six, Revenue, Cedar Fair Entertainment, Six Flags Entertainment Corp, Getty Images Bloomberg, SIX, University of Central, SeaWorld, Paramount Parks, Premier Parks for Six, Seaworld, Dallas, Texans, American, Enthusiasts, Comcast, CNBC Locations: Valencia , California, Florida, Cincinnati, Coney Island, York, Coney's, Coney, Kings, Virginia, New York, North America, Buena Park , California, Americas, University of Central Florida, Texas, Dallas, Greater Atlanta, St

A court filing shows that Giuliani owes more than $1.3 million to the law firm Davidoff Hutcher & Citron. The lawyer Robert Costello sued Giuliani in September for $1.36 million in unpaid legal fees dating to 2019. Giuliani had planned to raise some of his legal defense money at two of Trump's properties, Andrew Giuliani previously said. "Yes, I gave Rudy $100,000 for his legal defense PAC and I was happy to do so," Elizabeth Ailes told CNBC. And the real estate investment firm Probity International, which is run by Trump donor Robert Zarnegin, gave $35,000 to the Giuliani PAC.

Persons: Rudy Giuliani, Donald Trump's, Andrew Giuliani, Caryn Borland, Giuliani, Borland, Caryn Hildenbrand, Caryn, Hildenbrand, Michael, Trump, Mike Pence, Caryn Borland's, Joe Biden, Davidoff Hutcher, Citron, Robert Costello, Elizabeth Ailes, Roger Ailes, Rudy, Ailes, Newsmax, Roger, Elizabeth, Donald Trump, Lewis Topper, Robert Zarnegin, Arnold Gumowitz, Andrew Giuliani's, Matthew Martorano, Martorano Organizations: New York, U.S, CNBC, Living Trust, Trump, Internal Revenue Service, The New York Times, Giuliani, Voting Systems, Washington , D.C, PAC, Fox, Fox News, Businessman, Probity International, Giuliani PAC, Trump Save America Locations: Washington , U.S, del Mar , California, Georgia, Washington ,, Bedminster

☆ In blow to Fox Corp., judge rules Smartmatic case over 2020 election lies can proceed
▼ + stars: | 2024-01-24 | by ( Marshall Cohen | ) edition.cnn.com time to read: +5 min

Cohen already let the case proceed against Fox News — and on Wednesday, he rejected a request by Fox Corporation to throw out the claims against the parent company. The parent corporation had argued that it shouldn’t be involved in the defamation case because it only had general oversight of Fox News itself. The case is still in the discovery phase, with some major depositions taking place in the past month, including former Fox Corporation chairman Rupert Murdoch. The decision boosts Smartmatic’s case against the right-wing media behemoth. A similar 2020-related lawsuit by Dominion Voting Systems was also allowed to proceed against Fox and its parent company.

Persons: David Cohen, Murdoch, Cohen, Fox, Smartmatic, Donald Trump, Joe Biden, ” Smartmatic, ” Cohen, “, defaming, ”, Erik Connolly, Rupert Murdoch, cravenly, Rudy Giuliani, Sidney Powell, couldn’t, ” Fox Organizations: CNN, Fox Corporation, Fox News, Manhattan, Fox ) Corp, Fox Corp, Fox, Dominion Voting Systems, Trump, Wednesday, Smartmatic, “ Locations: New York, York, Florida

☆ Tending to AI's power needs is a booming business. These stocks are in the sweet spot
▼ + stars: | 2024-01-23 | by ( Pia Singh | ) www.cnbc.com time to read: +13 min

In fact, "data centers are taking a disproportionate amount of incremental capacity being added by electrical equipment manufacturers." Much of the energy data centers consume is used to train AI models as well as to run them. Natural resources, power supply, funding — the necessities that allow for the existence of the data centers — aren't exactly infinite. The company's business took off last year as data centers began to need more electrical equipment capacity and generated more heat. JPMorgan has a neutral rating on GE with a $124 price target, 5.5% below the stock's Monday close.

Persons: Andrew Obin, Stephen Tusa, Obin, It's, TD Cowen, Michael Elias, Tusa, Eaton, hasn't, Elias, I've, Hubbell, repurposing, Martyn Briggs Organizations: Nvidia, Bank of America, JPMorgan, General Electric, Hubbell Power Systems, U.S . Department of Energy, Google, Oracle, Microsoft, Power, Bloomberg, Energy, GE, Dominion Energy, Dominion Locations: Eaton, BofA, U.S, Northern Virginia, FactSet

☆ Donald Trump Is the Heir Apparent to George Wallace - The New York Times
▼ + stars: | 2024-01-20 | by ( Jamelle Bouie | ) www.nytimes.com time to read: +1 min

In a post for the new Opinion blog — which you should read! — I argued that there’s nothing mysterious or hard to grok about Donald Trump’s appeal to a large segment of American voters. It is not hard to find, throughout American history, Trump-like demagogues with loyal followings. And these men tend to represent, most often, the popular expression of a certain will to power — the freedom to dominate. Either way, these demagogues stand for a supposed right to exclude and exploit, always in defense of one hierarchy or another.

Persons: —, Donald Trump’s, I’ve, Jefferson Cowie, Cowie, George Wallace Organizations: Trump, Federal Locations: United States, Barbour County, Ala

☆ How Group Chats Rule the World
▼ + stars: | 2024-01-16 | by ( Sophie Haigney | ) www.nytimes.com time to read: +6 min

We often get glimpses of such group chats in court filings, the familiar blue-and-white bubbles of iMessage screenshotted and laid out as evidence. I know of a group chat in which, among other things, a group of successful men trade investment tips and even function sometimes as a de facto investment group. You have to wonder what was being said in this “200+ tech founders” group chat before the bank run. The dynamics of group chats — who is in them, who is not — might seem like the adult version of kids’ jockeying for a lunch table. One of my favorite group chats, now defunct, was among me and two friends I was suddenly becoming closer to.

Persons: I’m, Sean Hannity, Laura Ingraham, Tucker Carlson, Carlson, he’d, ” Ingraham, “, ”, people’s, Sam Bankman, Fried, —, ’, someone’s Organizations: Systems, Fox News, Trump, MSNBC, Australian Financial, Valley Bank, Twitter, Spotify Locations: Hayes Valley

MINNEAPOLIS (AP) — MyPillow chief executive and prominent election denier Mike Lindell said Friday that Fox News has stopped running his company's commercials, disputing the network's assertion that it is simply because he hasn't paid his bills. Lindell went public by tweeting that Fox, which had been one of MyPillow's biggest advertising outlets, had canceled him. Several big-box retailers, including Walmart, have discontinued his products, and lawyers who were defending him against defamation lawsuits by voting machine companies quit. In an interview with The Associated Press, Lindell acknowledged that MyPillow owes money to Fox. He said MyPillow has long spent an average of $1 million a week to run its ads on Fox.

Persons: —, Mike Lindell, hasn't, Lindell, Fox, Donald Trump’s, ” Fox, Irena Briganti, MyPillow, Lou Dobbs, Trump, Dobbs, ”, it's, ‘, ’ Organizations: Fox News, Fox, Walmart, “, Associated Press, Fox Business, Systems, Dominion Locations: MINNEAPOLIS, Minnesota

☆ These factors could lift dividend-paying stocks in the first half of 2024, Barclays says
▼ + stars: | 2024-01-04 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

The utilities sector suffered so much in 2023, that it's due for a snapback in the new year, according to Barclays. They also made the stocks' dividend payments less attractive compared to the risk-free yields on Treasurys. But now these stocks are priced to move, according to Barclays analyst Nicholas Campanella. "We still like the stock," Barclays said, pointing to upside to consensus earnings per share as one of the factors behind its call. Duke offers a dividend yield of 4.2%, but 12 out of the 20 analysts following the stock rate it a hold, per LSEG.

Persons: Nicholas Campanella, XLU, Campanella, Evergy, — CNBC's Michael Bloom Organizations: Barclays . Utilities, Barclays, SPDR, Fed, Electric Power, Dominion Energy, E Corporation, Duke Energy, Duke Locations: Kansas, Kansas City

☆ Tucker Carlson’s former top producer at Fox News accused of sexual assault
▼ + stars: | 2023-12-05 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +4 min

New York CNN —Tucker Carlson’s top producer, who left Fox News along with the far-right host to work on his X show, is accused of sexually assaulting a former colleague in an alleged incident that occurred more than a decade ago. Andrew Delancey, a former Fox News employee, filed a lawsuit against Justin Wells, the former executive producer of “Tucker Carlson Tonight,” accusing him of sexual assault and harassment in 2008 when Delancey moved to New York for a job with Fox News’ affiliate video service. In the lawsuit, Delancey alleges that he was befriended by Wells who told Delancey he could help him “learn the ropes” of the right-wing cable network. At the time Wells was a producer for Greta Van Susteren’s Fox News show. Fox fired Carlson in April and canceled his program during the fallout from the $787 million lawsuit settlement between Fox News and Dominion Voting Systems.

Persons: New York CNN — Tucker Carlson’s, Andrew Delancey, Justin Wells, “ Tucker Carlson, Delancey, Wells, “, Greta Van Susteren’s, Wells “, ”, Alfredo Pelicci, Fox ”, Fox, Harmeet Dhillon, ” Wells “, ” Dhillon, you’ve, ” Tucker Carlson, Pelicci, ” Fox News didn’t, Abby Grossberg, Rogers Ailes, Bill O’Reilly, Carlson Organizations: New, New York CNN, Fox News, New York State, Fox Corporation, Greta Van Susteren’s Fox, Fox, CNN, ” Fox News, Voting Systems Locations: New York, Wells, Tampa

☆ Munger and Buffett were unable to pull off one last deal together using Berkshire's $157 billion in cash
▼ + stars: | 2023-11-30 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Charlie Munger didn't manage to help pull off one final deal with his lifelong partner Warren Buffett, but he remained hopeful that Berkshire Hathaway , with nearly $160 billion cash, will find its elephant one day. Not very many," Munger said in CNBC's special "Charlie Munger: A Life of Wit and Wisdom," which aired Thursday. The Omaha-based conglomerate held a record level of cash — $157.2 billion — at the end of September. Squeeze new lemonsMunger, Berkshire's late vice chairman, said such a mammoth deal may have to be done by the next generation of leaders at the conglomerate. "There are worse situations than drowning in cash, and sitting, sitting, sitting.

Persons: Charlie Munger didn't, Warren Buffett, Berkshire Hathaway, Munger, Charlie Munger, CNBC's Becky Quick, Buffett, Berkshire's, Greg Abel, Buffett's, Ajit Jain, Ted Weschler, Todd Combs Organizations: Berkshire, Alleghany Corp, Dominion Locations: Omaha, Munger

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