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☆ Morgan Stanley has named its top global dividend stocks for this quarter
▼ + stars: | 2024-04-17 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +2 min

The unpredictability has led some analysts to reiterate their recommendation to buy dividend stocks. According to Morgan Stanley, the MSCI Asia Pacific ex-Japan High Dividend Index outperformed the MSCI Asia Pacific ex-Japan index in the first quarter of the year, albeit by only 0.58%. The cautious investors' sentiment also drives allocation toward Quality Dividend stocks," the investment bank's analysts wrote in an Apr. These translate into a higher UST bond yields and particularly favoring dividend stocks to outperform." The latter has a forward dividend yield of 8%, according to Morgan Stanley, comfortably higher than the average of 5.1% on the screen.

Persons: Morgan Stanley, Morgan, CNBC's Michael Bloom Organizations: MSCI Asia, Asia, UST, U.S . Treasury, China Overseas Property Holdings, China Medical System Holdings, Bank of China Locations: Japan, Asia, Pacific, China, Taiwan

☆ Critical chip firm ASML posts profit beat but sales miss expectations with 22% drop
▼ + stars: | 2024-04-17 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +3 min

Net sales fell 21.6% year-on-year while net income dropped 37.4%. ASML's net sales fell in the middle point of the company's guidance. ASML on Monday said first-quarter profit beat expectations while sales missed forecasts, with the company sticking to its full-year outlook. ASML has previously said it expects net sales for 2024 to be similar to 2023 and reiterated this projection on Monday. ASML previously said that export restrictions would impact 10% to 15% of China sales this year.

Persons: Joe Biden's, ASML, Peter Wennink, ASML's bullishness, Roger Dassen Organizations: Samsung, Taiwan Semiconductor Manufacturing Co, Intel Locations: Netherlands, China, U.S, America

☆ Singapore non oil domestic exports plunge 20.7%, misses expectations by a huge margin
▼ + stars: | 2024-04-17 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Singapore's non-oil domestic exports plunged 20.7% in March from a year ago, a sharp decline from the revised 0.2% fall in February. The 20.7% fall missed expectations by a huge margin, with economists polled by Reuters forecasting a 7% fall. This is the largest drop in non-oil domestic exports recorded by Singapore since January 2023. On a month-on-month basis, non-oil domestic exports slid 8.4%, also more than the 4.5% expected in the Reuters forecast. Non-oil domestic exports to Singapore's top markets declined in March, particularly for the U.S., the European Union and Japan.

Persons: Singapore's Organizations: Reuters, Enterprise Singapore, European Union, . Enterprise Singapore Locations: Marina, Sands, Singapore, Japan, China, Hong Kong, Taiwan

☆ Here are 4 quality names we brought more of in this week's oversold stock market
▼ + stars: | 2024-04-17 | by ( Morgan Chittum | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Jim Cramer said Wednesday to focus on earnings rather than speculating on the central bank's next policy move. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Morgan Stanley, Jim, Jim Cramer's Organizations: CNBC, Investor, Federal Reserve, Abbott Laboratories, Club, Constellation Brands, Coterra Energy, Wells

☆ Shoplifting's biggest enablers might be the retailers themselves
▼ + stars: | 2024-04-16 | by ( Alex Bitter | Dominick Reuter | ) www.businessinsider.com time to read: +7 min

But Walmart, Target, and other chains's own policies and practices could be worsening the problem. From conflicting policies to understaffing, retailers can make it hard for workers to prevent theft. That's because major retailers, including Walmart, Target, and others, have policies that sometimes prevent their own staff from addressing shoplifting at their stores, current and former employees told Business Insider. Among the report's recommendations for retailers: Hire enough employees at stores, and make sure they aren't constantly overworked. Do you work at Walmart, Target, or another major retailer and have a story idea to share?

Persons: —, Rhea Gordon, Gordon, Lululemon, Calvin McDonald, Santino Burrola, Thea Sebastian, Hanna Love, Sebastian, Love, everything's Organizations: Walmart, Target, Service, Business, BI, CNBC, company's, Futures Institute, Brookings Locations: North Carolina, Colorado, California, Montana

☆ India’s economy and elections: Is the hype around Narendra Modi’s vision justified?
▼ + stars: | 2024-04-16 | by ( Diksha Madhok | Rachel Wilson | ) edition.cnn.com time to read: +9 min

New Delhi/London CNN —In just a few days, India will commence the world’s largest democratic election. So, is the hype around Modi’s India, which remains a largely impoverished country, justified? The world’s largest biometric database has also helped the government save millions by reducing corruption in welfare initiatives. Domestic investors, both retail and institutional, have been driving India’s stock market to unprecedented peaks. Still, India’s economy, much like its democracy, is far from perfect.

Persons: Narendra Modi, Indranil Mukherjee, Modi, Himanshu Sharma, Guido Cozzi, Arun Sankar, Billionaire Elon Musk Organizations: London CNN —, Getty, CNN, World, University of St, Unified, Bank, ”, National Stock Exchange of India, bourse, Bombay Stock Exchange, NSE, Shenzhen Stock Exchange, Hong Kong Exchange, World Federation of Exchanges, Macquarie Capital, Apple, Foxconn, Billionaire, International Labour Organization Locations: New Delhi, London, India, China, Beijing, Ajmer, Rajasthan, University of St Gallen, Switzerland, Asia’s, Washington, Sriperumbudur, Chennai, Mumbai's Churchgate, AFP

☆ Biden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas
▼ + stars: | 2024-04-15 | by ( ) www.cnbc.com time to read: +2 min

The Biden administration has reached an agreement to provide up to $6.4 billion in direct funding for Samsung Electronics to develop a computer chip manufacturing and research cluster in Texas. The government support comes from the CHIPS and Science Act, which President Joe Biden signed into law in 2022 with the goal of reviving the production of advanced computer chips domestically. Samsung's cluster in Taylor, Texas, would include two factories that would make four- and two-nanometer chips. In addition to the $6.4 billion, Samsung has indicated it also will claim an investment tax credit from the U.S. Treasury Department. The government has previously announced terms to support other chipmakers including Intel and Taiwan Semiconductor Manufacturing Co. in projects spread across the country.

Persons: Biden, Joe Biden, Gina Raimondo, Raimondo, Lael Brainard Organizations: Samsung Electronics, Commerce Department, Texas, Samsung, White, National Economic Council, Defense Department, U.S, U.S . Treasury Department, Intel, Taiwan Semiconductor Manufacturing Locations: Texas, United States, Taylor , Texas, Austin , Texas, Austin, China

☆ Monday, April 15, 2024: The Club is selling more of this media holding
▼ + stars: | 2024-04-15 | by ( ) www.cnbc.com time to read: 1 min

Monday, April 15, 2024: The Club is selling more of this media holdingJeff Marks, the director of portfolio analysis for the CNBC Investing Club, discusses the Club's sale of this media stock in favor of an electronics retailer.

Persons: Jeff Marks Organizations: CNBC

☆ Retail sales jumped 0.7% in March, much higher than expected
▼ + stars: | 2024-04-15 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

Excluding auto-related receipts, retail sales jumped 1.1%, also well ahead of the estimate for a 0.5% increase. An increase in gas prices helped push the headline retail sales number higher, with sales up 2.1% on the month at service stations. Resilient consumer spending has helped keep the economy afloat despite higher interest rates and concerns over stubborn inflation. Consumer spending accounts for nearly 70% of U.S. economic output so it is critical to continued growth in gross domestic product. Stronger consumer spending could cause the Fed to hold off longer on cuts, said Andrew Hunter, deputy chief U.S. economist at Capital Economics.

Persons: Dow, Andrew Hunter, Hunter Organizations: Commerce Department, Labor Department, Sporting, Federal Reserve, Capital Economics Locations: Iran, Israel

☆ Apple CEO Tim Cook visits Vietnam — one of the iPhone giant's most important manufacturing hubs
▼ + stars: | 2024-04-15 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Cook will meet with Apple users, developers and content creators during the two-day visit, local media reported. In December, the Nikkei reported Apple was moving some of its key iPad engineering resources to Vietnam. Apple CEO Tim Cook (C) walks near Hoan Kiem lake in downtown Hanoi during his visit to Vietnam on April 15, 2024. India has also emerged as a key hub for iPhone manufacturing. Cook's visit to Vietnam comes after 61 environmental and human rights groups called on Apple to oppose the country's detention of climate activists.

Persons: Tim Cook, Cook, Bryan Ma Organizations: Apple, International Data Corporation, IDC, Samsung, Nikkei, Apple Watch, Getty, CNBC, Bloomberg Locations: Hanoi, Vietnam, U.S, China, Cupertino, Hoan, Giang Huy, Afp, India, iPhones

☆ Biden gives Samsung $6.4 billion in grants to boost Texas chip output
▼ + stars: | 2024-04-15 | by ( ) edition.cnn.com time to read: +3 min

Reuters —The Biden administration will award up to $6.4 billion in grants to South Korea’s Samsung Electronics to expand its chip production in central Texas as part of a broader effort to boost US chipmaking, the Department of Commerce said on Monday. The funding from the 2022 Chips and Science Act will support two chip production facilities, a research center and a packaging facility, in Taylor, Texas, the agency said, as previously reported by Reuters. It will also enable Samsung to expand its Austin, Texas, semiconductor facility, Commerce Department Secretary Gina Raimondo added, while boosting chip output for the aerospace, defense and auto industries and bolstering national security, administration officials told reporters. Samsung is expected to invest roughly $45 billion in building and expanding its Texas facilities through the end of the decade, said senior administration officials. Intel won $8.5 billion in grants last month while Taiwan’s TSMC clinched $6.6 billion in April to build out its American production.

Persons: Reuters —, Biden, Gina Raimondo, ” Raimondo, Kyung Kye Hyun, “, Samsung, ”, John Cornyn, Taiwan’s TSMC Organizations: Reuters, South, Samsung Electronics, Department of Commerce, Samsung, Commerce, Samsung Electronics Co, Analysts, Semiconductor Industry Association, SIA, Lawmakers, Texans, Republican, US Commerce Department, ” SIA, Intel Locations: Texas, Taylor , Texas, Austin , Texas, United States, China, Taiwan, Republican U.S

☆ Can’t sleep? Blame the beaming bright glow of new technology
▼ + stars: | 2024-04-13 | by ( Bryan Mena | ) edition.cnn.com time to read: +5 min

Some manufacturers say indicator lights can sometimes serve a practical purpose. For example, an indicator light could show that a device is charging or plugged in and working properly. The light has a long lifespan and doesn’t generate excess heat — important qualities for a technology that’s used every day. “As a manufacturer, adding an LED light does cost something, so to add one just to add one seems quite wasteful. Linhares Jr. also said the lights can be helpful as night lights.

Persons: can’t, ” Steven Lockley, Paul Bogard’s, Kyle Moschen, Vincent van Gogh’s, Kyle Moschen “, Moschen, “, Jonathan King, ” King, —, Isamu Akasaki, Hiroshi Amano, Shuji Nakamura, ” David Loftus, ” Loftus, Manny Linhares Jr, Legrand, it’s, ”, Linhares, John Towfighi Organizations: Washington CNN, Harvard Medical School’s Division, Sleep, CNN, Logitech, Getty, Electronic Components Industry Association Locations: Seattle, New York, French

☆ China is giving Russia significant support to expand weapons manufacturing as Ukraine war continues, US officials say
▼ + stars: | 2024-04-12 | by ( Kylie Atwood | ) edition.cnn.com time to read: +4 min

Chinese and Russian entitles have also been working jointly to produce drones inside of Russia, one of the officials said. And Russia’s rapidly expanding production of artillery rounds is due, in large part, to the nitrocellulose coming from China, officials said. The support from China is compensating for the significant setbacks that Russia’s defense industry experienced early in the Ukraine war due to US sanctions and export controls. The US has not seen any interruption to the ongoing Chinese support since that Biden-Xi phone call, though sometimes it takes time to see changes come to fruition. Earlier this month Treasury Secretary Janet Yellen delivered China a warning of “significant consequences” if Chinese companies provide support to Russia for the Ukraine war during her trip to the country.

Persons: ”, Chris Cavoli, Joe Biden, Xi Jinping, Antony Blinken, Biden, Xi, Vladimir Putin, Janet Yellen, Katie Bo Lillis Organizations: CNN, Ukraine, Biden, People’s, European Command, Russia Locations: China, Russia, Moscow, Ukraine, Kyiv, “, People’s Republic of China, reconstituting, Europe

☆ Morgan Stanley tumbles, GE Healthcare climbs — what's driving Thursday's major portfolio stock moves
▼ + stars: | 2024-04-11 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.

Persons: Jim Cramer, Stocks, Banks, JPMorgan Chase, Jamie Dimon, Morgan Stanley, Bausch, Jim, Jim Cramer's Organizations: CNBC, Club, Citigroup, JPMorgan, Securities and Exchange Commission, U.S, Appeals, Federal Circuit, Health, Jefferies, Xifaxan, Bausch Health, Costco, GE Healthcare, Mizuho, Broadcom, Apple, Nvidia, Jim Cramer's Charitable Locations: Wells Fargo, BlackRock

☆ Opinion: What we may never understand about O.J. Simpson
▼ + stars: | 2024-04-11 | by ( Gene | Opinion Gene Seymour | ) edition.cnn.com time to read: +13 min

Walter Iooss Jr./Sports Illustrated via Getty Images Simpson competes during a track event at the University of Southern California in 1967. Focus On Sport via Getty Images Simpson gets ice applied to his bandaged right foot from his wife Marguerite in 1967. Bettmann Archive/Getty Images Simpson poses with the Heisman Memorial Trophy after receiving the award in 1968. Bettmann Archive/Getty Images Simpson is brought down by another football player during the Hula Bowl in 1969. ABC Photo Archives/Disney General Entertainment Content via Getty Images Simpson acts in a scene from the 1978 film "Capricorn One."

Persons: Gene Seymour, Orenthal James Simpson, Gene Seymour Jeremy Freeman, we’ve, We’ll, Simpson, Jim Brown, Muhammad Ali, Bill Russell, “ I’m, acclimate, Simpson’s, Nicole Brown Simpson, Ronald Goldman, O.J, Bundy, Vince Bucci, Malcolm W, Emmons, Walter Iooss Jr, Marguerite, Arnelle, Tony Tomsic, Jason, Michael Ochs, Lola Falana, Richard Burton, Everett, George Gojkovich, Bruce Bennett, Jim Ringo, LeVar Burton, Gilda Radner, Jane Curtin, Joe Namath, Frank Gifford, Mickey Pfleger, Nicole, Adam, PhotoQuest, Vinnie Zuffante, Leslie Nielsen, George Kennedy, Al Cowlings, Ford Bronco, Simpson's, Ronald Lyle Goldman, Allen J, Simpon, Cowling, Ron Galella, Chris O'Meara, Robert Kardashian, Alvin Michelson, Kardashian, Barbara Alper, Johnnie Cochran , Jr, Myung J, Chun, Reuters Simpson, Wilfredo Lee, Colin Braley, Christy Prody, Frazer Harrison, Jason Bean, Brooke Keast, AP Simpson, Jeffrey T, Barnes, Brown, O.J . Simpson, Mark Fuhrman Organizations: The New York Times, Newsday, Entertainment, The Washington, CNN, University of Southern, LA Coliseum, Fame, Getty, Sporting, USC, Bettmann, UCLA, Buffalo Bills, USA, Michael Ochs Archives, New York Jets, NFL, ABC, Disney, Warner Bros, San Francisco 49ers, AP, United, Paramount, Everett, Ford, Los Angeles Times, Los Angeles Police, New York Daily News, Los Angeles Daily, AP Simpson, Reuters, Lovelock Correctional, Nevada Department of Corrections, Goldman, Los Angeles Police Department Locations: University of Southern California, San Francisco, O.J, Los Angeles, Simpson, AFP, Hollywood, California, Cowlings, Simpson's Brentwood , California, Tampa , Florida, Los, Surrey, England, Miami, Dade County, Lovelock , Nevada, Las Vegas, Lovelock, Nevada

☆ We're trimming this materials stock after it battled back from an earnings plunge
▼ + stars: | 2024-04-10 | by ( Jeff Marks | ) www.cnbc.com time to read: +2 min

Following the trade, Jim Cramer's Charitable Trust will own 800 shares of DD, decreasing its weighting to 1.93% from 2.09%. When we made the purchase back then, DuPont shares were trying to bounce back from their January plunge , which came after the chemical maker issued weak guidance for 2024. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Dupont, Jim Cramer's, Ed Breen, Jim Cramer, Jim Organizations: DuPont, Barclays, CNBC Locations: China

☆ Want to ride the next wave of the AI trade beyond tech? These 2 portfolio stocks fit the bill
▼ + stars: | 2024-04-10 | by ( Morgan Chittum | ) www.cnbc.com time to read: +10 min

Eaton and DuPont are both unconventional AI plays, as the data center market grows to meet the demands of the generative AI boom. Wells Fargo Investment Institute last month described rising data center demand as having positive "trickle-down effects" on the industrial sector. WFII wrote that spending from Big Tech firms into data centers, in particular, creates "meaningful downstream impacts" for industrial companies. Amazon Web Services is reportedly investing nearly $150 billion in data centers within the next 15 years to support AI efforts. During a Barclays investor conference in February, CFO Lori Koch said DuPont's data center and AI exposure will help boost the company's electronics business.

Persons: Eaton, Jensen Huang, Huang, chipmaker, Sameer Samana, WFII, Jim Cramer, Eaton's, DuPont, Lori Koch, Koch, Jim Cramer's Organizations: The, DuPont, Club, Nvidia, Wells, Wells Fargo Investment Institute, CNBC, Big Tech, —, Microsoft, Services, McKinsey, workloads, Electrical, Management, Barclays, Wall Street, RBC Capital Markets, Eaton, RBC, U.S, De Nemours, DuPont's Electronics, Semiconductor Technologies, DuPont's Semiconductor Technologies, Jim Cramer's Charitable Locations: Wells Fargo, U.S, Eaton, China

Jared Kushner’s investment fund is not especially large by global finance standards. His $3 billion fund is financed almost entirely from overseas investors with whom he worked when he served as a senior adviser in the Trump White House. He has taken money from government wealth funds in Saudi Arabia, Qatar and the United Arab Emirates, as well as from Terry Gou, a founder of Foxconn, the Taiwan-based electronics manufacturer, whose role in Mr. Kushner’s firm has not been previously disclosed. Mr. Kushner’s firm, Affinity Partners, is collecting approximately $40 million a year in management fees from those investors even before any share of profits earned on investments. He has made 10 investments to date, totaling $1.2 billion, many of them in companies based abroad.

Persons: Jared, Donald J, Trump, Terry Gou, Kushner’s Organizations: Trump White House, United Arab, Foxconn, Securities and Exchange Commission, Mr, Affinity Partners Locations: Saudi Arabia, Qatar, United Arab Emirates, Taiwan

Taiwan Semiconductor Manufacturing Company is transforming the small Japanese farm town of Kikuyo into a key node in Asia’s chip supply chain. TSMC, as the company is known, dominates the global semiconductor business. At its home base in Taiwan, TSMC sits at the center of a web of factories, suppliers and engineering firms. In February, TSMC opened a factory, known as a chip “fab,” for fabricator, on a ridge overlooking Kikuyo. The Japanese electronics giants Sony, Denso and Toyota, major buyers of TSMC semiconductors, are investing huge sums in TSMC’s Japan subsidiary.

Persons: TSMC Organizations: Taiwan Semiconductor Manufacturing Company, Sony, Toyota, TSMC’s Locations: Kikuyo, Taiwan, Japan, TSMC’s Japan

☆ The personal computer market turns the corner after a post-Covid slump — bolstering our case to own this electronics retailer
▼ + stars: | 2024-04-09 | by ( Morgan Chittum | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. "Today is Alphabet day," Jim said. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, Jim, Jim Cramer's Organizations: CNBC, Federal Reserve, Google, Microsoft, Meta, Nvidia, Global, IDC

☆ Gen Z is less happy than the rest of us. Here is what would make the difference
▼ + stars: | 2024-04-09 | by ( Madeline Holcombe | ) edition.cnn.com time to read: +4 min

CNN —Gen Z is having a harder time than previous generations did at their age, according to new research. It is one of a series of four surveys about Gen Z, said survey author Zach Hrynowski, a senior researcher at Gallup. Gen Z people who are 18- to 26-years-old are less likely to rate their lives positively than older generations when they were in that age range, Hrynowski said, noting this analysis didn’t do a direct comparison but used previous surveys to assess happiness levels of Gen Z and its predecessors. Two factors were heavily correlated with Gen Z happiness: how much time they got for weekend sleep and relaxation, and even more important was their sense of purpose, he said. Gen Z puts a lot of effort into skin care and mental health, but bad sleep means looking tired and feeling badly, Salas said.

Persons: Z, Zach Hrynowski, Gen, Hrynowski, ‘, Chloe Carmichael, It’s, Dr, Broderick Sawyer, ” Sawyer, Carmichael, Rachel Salas, “, ” Salas, Gen Z, Salas, ” Organizations: CNN, Gallup, Walton Family Foundation, Johns Hopkins University School of Medicine Locations: New York, Louisville , Kentucky, Baltimore

☆ Jim Cramer blasts a 'sell' call on a top-performing stock in a sweet spot of the AI wave
▼ + stars: | 2024-04-08 | by ( Morgan Chittum | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. "Let's stop being focused on the short-term," Jim Cramer said Monday, cautioning Club members against investing based on Fed officials' comments. This is all great news for recently added Club stock Best Buy in terms of demand and sales as well as its stock price eventually. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, Wells, Wolfe, Eaton, underperform, Friday's, Jim, Jefferies, Jim Cramer's Organizations: CNBC, Federal, cautioning Club, Fed, Constellation Brands, Wolfe Research Locations: Eaton

☆ Dali container removal will take weeks, a key to Port of Baltimore reopening
▼ + stars: | 2024-04-08 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +4 min

A Key Bridge Response 2024 Unified Command image of response crews remove shipping containers using a floating crane barge after the cargo ship Dali struck and collapsed the Francis Scott Key Bridge, on April 7, 2024 in Baltimore, Maryland. CSX was the first rail to start a rail service for diverted containers resulting from the accident and closure of the Port of Baltimore. Once the Dali is refloated and no longer listing, tugs will move the vessel to the CSX terminal at the Port of Baltimore. "Once you see plans of moving the Dali away from the port, that's when you know the channel is ready to be open," Roth said. The size of vessels the Coast Guard is allowing is 96 feet in length, compared to the 984-foot-long Dali, the vessel that struck the Francis Scott Key Bridge after losing navigational control and destroyed the key piece of infrastructure.

Persons: Dali, Francis Scott Key, JIC, Aaron Roth, Roth Organizations: Bethlehem Steel, Unified Command, Synergy Marine, U.S . Coast Guard, U.S . Army Corps of Engineers, Maryland Department of, Environment, Maryland Transportation Authority, Maryland State Police, Center, CNBC, Port, CSX, Coast Guard, Chertoff Group, Guard, Francis Scott Key Bridge, Department of Defense, Dover Air Force Base Locations: Baltimore , Maryland, Baltimore Harbor, Baltimore, Port of Baltimore

☆ Hungry at 3 am? You’re out of luck now
▼ + stars: | 2024-04-06 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +6 min

Not even all of 24 Hour Fitness’ gyms — the promise is right in its name — are 24 hours. The city that never sleeps, New York, has lost 13% of its 24-hour restaurants. Around half of IHOP’s 1,800 locations are back to being open 24 hours on Friday and Saturday, at the very least. Ed Endicott/Alamy Stock Photo/FilePete’s was open 24 hours, seven days a week from the 1990s until the pandemic hit in 2020. Despite the signage, Mi Tierra is no longer open 24 hours in San Antonio, Texas.

Persons: hasn’t, Waffle, ”, Alex Barakos, Ed Endicott, Pete’s, Barakos, “, Hudson Riehle, Edward Hopper’s, Harold, Kumar Go, Stephen Zagor, Pete Cortez, Michael Silver Geo, “ There’s, ” Cortez, ’ ” Cortez Organizations: New, New York CNN, Walmart, Hollywood, Alamy, Bureau of Labor Statistics, “, National Restaurant Association, Edward Hopper’s Nighthawks, Columbia Business School, of Locations: New York, Covid, Los Angeles, Chicago, Denver, Philadelphia, White, ”, New York City, San Antonio, Mi, San Antonio , Texas, Tierra, tuxedos

☆ Poor resale values of EVs threaten adoption, warn some experts
▼ + stars: | 2024-04-05 | by ( Dylan Butts | ) www.cnbc.com time to read: +3 min

Jeff Gritchen | Medianews Group | Getty ImagesA car loses value as soon as you drive it off the lot, but electric vehicles are taking this adage to a new level. That's becoming a major barrier to wider adoption, according to some industry and investment experts. While lower used EV prices could increase their desirability to some buyers, they can also reduce demand for new electric vehicles, according to Karl Brauer, executive analyst at iSeeCars. Kuo further argued that the software and computing capabilities of used EVs may become outdated and incompatible with updates by the time they are sold or even beforehand. According to iSeeCars, dramatic drops in used electric vehicle values in the U.S. have largely been driven by aggressive price cuts by Tesla amid a broader price war in the EV market.

Persons: Jeff Gritchen, Karl Brauer, David Kuo, Kuo, EVs, iSeeCars, Tesla Organizations: Medianews, Getty, iSeeCars.com, Smart, Industry, Bloomberg, VW, Toyota Locations: Fountain Valley , California, U.S

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