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☆ The Dow just hit 40,000. Here's a look at how it got here
▼ + stars: | 2024-05-16 | by ( Fred Imbert | ) www.cnbc.com time to read: +1 min

The Dow first closed above 20,000 in early 2017, as investors began pricing in lower corporate taxes in the U.S. under former President Donald Trump. However, the Dow struggled in 2018 after the excitement around lower taxes faded, with trade tensions between China and the U.S. rising and the Federal Reserve raising interest rates. In 2019, the stock market recovered as the Fed pivoted away from raising rates. By early 2020, the Dow was nearing 30,000 — reaching a high of 29,551.42 on Feb. 12, 2020. The Dow tumbled 38% from its February 2020 intraday peak to a low of 18,213.65 in March 2020.

Persons: It's, Donald Trump, Dow, — CNBC's Gabriel Cortés Organizations: Dow, Federal Reserve, Fed Locations: U.S, China

☆ Sen. Robert Menendez bribery trial: Opening statements expected in corruption case
▼ + stars: | 2024-05-15 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

Senator Robert Menendez (D-NJ), arrives at Federal Court, for his bribery trial in connection with an alleged corrupt relationship with three New Jersey businessmen, in New York City, U.S., May 14, 2024. Prosecutors and defense attorneys are poised Wednesday to select a full jury and deliver opening statements in the federal bribery trial of Sen. Robert Menendez of New Jersey. Prosecutors will begin their opening statements shortly afterward "if all goes to plan," the judge said. A third New Jersey businessman charged in the case, Jose Uribe, pleaded guilty in March and agreed to cooperate with the federal prosecutors. Nadine Menendez has not been in court with her husband.

Persons: Robert Menendez, Sen, Sidney Stein, Stein, Menendez, Nadine Menendez, Wael Hanna, Fred Daibes, Jose Uribe Organizations: Federal Court, Prosecutors, Robert Menendez of New, Democratic, Benz, Senate Foreign Relations Committee Locations: Jersey, New York City, U.S, Robert Menendez of, Robert Menendez of New Jersey, Manhattan, Egypt, Qatar, New Jersey

☆ Stocks making the biggest moves premarket: AMC, GameStop, Boeing, Dell and more
▼ + stars: | 2024-05-15 | by ( Pia Singh | ) www.cnbc.com time to read: +1 min

AMC Entertainment , GameStop — AMC and GameStop shares posted fell in early morning trading as momentum fizzled from the meme stock craze , which was reignited Monday by a social media reappearance from "Roaring Kitty." GameStop shares slid 6%. Boeing — The airplane manufacturer's shares slid 1.1% after the Justice Department said Boeing violated a 2021 settlement related to its two fatal 737 Max crashes, exposing the company to potential U.S. prosecution. SunPower — The solar stock dropped 22.3%, giving back some of its 59% surge from the prior session. On Wednesday, however, Wolfe Research downgraded the stock underperform from peer perform, noting SunPower the "most extreme example of the meme stock resurgence" within clean technology names.

Persons: Lien, Max, Nio, Dell, Morgan Stanley, Wolfe, —, Alex Harring, Fred Imbert, Jesse Pound Organizations: AMC Entertainment, GameStop, AMC, Boeing, Justice Department, JPMorgan, White House, Wolfe Research Locations: China

Six Flags stock has ticked up nearly 7% in 2024. The analyst reiterated an overweight rating on the stock as well as a $1,200 per share price target, implying more than 31% upside from Tuesday's close. The analyst has a buy rating on Nvidia with a $1,150 per share price target, or about 26% upside ahead. He also raised his price target on U.S.-listed shares to $5.40 per share from $4.80, though the new forecast calls for a 6% decline over the next year. NIO YTD mountain NIO YTD Lai had downgraded Nio to underweight in February due to slowing sales momentum.

Persons: Chris Woronka, Woronka, Brian Evans, John Vinh doesn't, NVDA, Vinh, Timothy Arcuri, Arcuri, — Brian Evans, Goldman Sachs, Alphabet's, Eric Sheridan, Sheridan, Oppenheimer, Jason Helfstein, GOOG, Helfstein, Brent Thill, Jefferies, Nick Lai, YTD Lai, Fred Imbert, ~$ ( ~$) Organizations: CNBC, JPMorgan, Deutsche Bank downgrades, Flags Entertainment, Deutsche Bank, Fair, Nvidia, Blackwell, UBS, Google, Gemini

☆ Tom Brady says his appearance on ‘The Greatest Roast of All Time’ has ‘affected’ his children
▼ + stars: | 2024-05-15 | by ( Jack Guy | ) edition.cnn.com time to read: +2 min

CNN —Former American football star Tom Brady has said he regrets how some of the jokes in Netflix show “The Greatest Roast of All Time” affected his children. Brady and Giselle Bündchen, pictured here in May 2018, announced their split in October 2022. Brady said he had a moment of realization that the roast hadn’t turned out the way he thought it would. “It makes you in some ways a better parent going through it because sometimes you’re naïve,” added Brady. At the end of the roast, Brady finally had the chance to defend himself, saying people had asked him why he agreed to do the event.

Persons: Tom Brady, Kevin Hart, Brady, Gisele Bündchen, “ Deflategate ”, Giselle Bündchen, Matt Winkelmeyer, Fred Taylor, Ryan Clark, Channing Crowder, “, ’, ” Brady, – Benjamin, Vivian, –, hadn’t, ”, I’ve Organizations: CNN, Former, Netflix, New England Patriots, Tampa Bay Buccaneers, Bucs Locations: Former American

☆ Menendez defense lawyer denies bribery scheme and says gold bars found at senator’s home belonged to his wife
▼ + stars: | 2024-05-15 | by ( Holmes Lybrand | Gregory Krieg | ) edition.cnn.com time to read: +7 min

Menendez is not running for reelection in next month’s Democratic primary but has said he would consider an independent bid should he be exonerated. “Evidence will show Nadine’s family had a lot of gold,” Weitzman said, asserting that she did not discuss money with the senator and kept financial problems she had from him. Weitzman also said the gold bars were found in Nadine’s locked closet, which the senator didn’t have access to. The potential jurors – an array of New Yorkers, including pastors, a standup comedian and amateur musicians – were pressed on whether they could be unbiased and fairly consider testimony from law enforcement officers or convicted criminals. One potential juror spoke about being a “news junkie” who couldn’t sit on the trial because “I’ve learned about the case significantly.

Persons: CNN — Sen, Bob Menendez’s, “, ” Menendez, Avi Weitzman, Nadine, Menendez, Wael Hana, Fred Daibes, Donald, Lara Pomerantz, “ Robert Menendez, ” Pomerantz, Nadine Menendez, Weitzman, ” “, ”, ” Weitzman, Menendez “, ” Nadine, didn’t, Hana, whittle, “ I’ve, Sidney Stein, they’ve, ” Stein, Bob Menendez, Stein, Robert F, Kennedy Jr, I’m Organizations: CNN, New, New Jersey Democrat, Jersey businessmen, Democratic, United, White House, Egypt’s Ministry of Foreign Affairs Locations: Manhattan, New Jersey, Egypt, Qatar, Jersey, Egyptian American, United States, Lebanon, Paris

☆ Robert Menendez’s Corruption Trial Opens: 5 Takeaways
▼ + stars: | 2024-05-15 | by ( Nicholas Fandos | ) www.nytimes.com time to read: +1 min

The corruption trial of Senator Robert Menendez, a powerful New Jersey Democrat, spun into motion in Manhattan on Wednesday, with combative opening statements and an extraordinary claim by the defense. Speaking directly to the jury, a U.S. prosecutor asserted that Mr. Menendez “put his power up for sale,” trading favors involving Egypt and New Jersey businessmen for gold bars, cash and a Mercedes-Benz convertible. But it was a lawyer for Mr. Menendez who shook the courtroom awake, piling blame on the senator’s wife, Nadine Menendez. Mr. Menendez, 70, betrayed little emotion as he watched the opening statements from the courtroom, where he is facing some of the gravest charges ever leveled against a sitting U.S. senator. Prosecutors have also charged Ms. Menendez, but her trial was delayed until July for health reasons.

Persons: Robert Menendez, Mr, Menendez “, Menendez, Nadine Menendez, Fred Daibes, Wael Hana Organizations: New Jersey Democrat, Benz, Prosecutors Locations: New Jersey, Manhattan, U.S, Egypt

☆ Analyst says OpenAI's new AI model crosses 'close to new chasm' in emotional intelligence
▼ + stars: | 2024-05-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAnalyst says OpenAI's new AI model crosses 'close to new chasm' in emotional intelligenceFred Havemeyer, head of U.S. artificial intelligence and software research at Macquarie, discusses the launch of OpenAI's new artificial intelligence model, GPT-4o.

Persons: Fred Havemeyer Organizations: Macquarie

Deutsche Bank maintained a hold rating on Nvidia ahead of earnings next week, while Wells Fargo raised its price target. The firm downgraded shares to neutral from buy while lowering its price target to $35 from $55. He has a $850 price target on shares, indicating shares pulling back nearly 6% from Monday's close. The analyst raised his price target on the stock to $1,150 from $974, implying upside of more than 27%. He also raised his price target to $78 from $68, implying upside of 19% from Monday's close.

Persons: Wells Fargo, Roth, Roblox, Eric Handler, Handler, — Hakyung Kim, Tesla's, Elon Musk's, Tesla, Dan Levy, Levy, Hakyung Kim, Jefferies, Boston Beer, Samuel Adams, seltzer, Kaumil, Boston Beers, Seltzer, Gajrawala, Ross Seymore, NVDAs, Seymour, Wells Fargo's Aaron Rakers, Rahul Krotthapalli, Krotthapalli, Fred Imbert Organizations: CNBC, Nvidia, Deutsche Bank, JPMorgan, Roth Capital Partners, Barclays, Jefferies, Boston Beer, Boston, Deutsche, Fitness Locations: Monday's, Boston

☆ ‘Frankly stupid’: Fund manager weighs in on reignited meme stock frenzy as GameStop soars
▼ + stars: | 2024-05-14 | by ( Vicky Mckeever | ) www.cnbc.com time to read: +1 min

Fund manager Cole Smead has described the meme stock craze as "frankly stupid," as day traders once again pile into GameStop and AMC . The jump was seemingly prompted by a post on social media platform X by "Roaring Kitty," who in 2021 encouraged an army of day traders to pile into GameStop. In premarket trading on Tuesday, shares in GameStop and AMC were up 47% and 51% respectively at 6 a.m. E.T. Quoting "the late, great Charlie Munger," Smead said the day traders were "just taking in rat poison." Munger, who passed away last year, was the vice chairman of Berkshire Hathaway and famously described cryptocurrency as "rat poison."

Persons: Cole Smead, You've, Roaring, Kitty, Keith Gill, E.T, Charlie Munger, Smead, Munger, Berkshire Hathaway, Yun Li, Fred Imbert Organizations: GameStop, AMC, Smead Capital Management, Massachusetts Mutual Life Insurance, Berkshire

☆ Trading CPI: How stocks could react to Wednesday’s inflation report
▼ + stars: | 2024-05-14 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

Traders at JPMorgan broke down how they expect stocks will react to Wednesday's report, with a focus on core CPI month over month, based on six different scenarios: 40% chance — The reading rises 0.3%-0.35%: This is the most likely outcome, per JPMorgan traders. S & P 500 moves could range between a 0.5% loss and a 1% gain. 10% chance — Core inflation climbs more than 0.4%: The S & P 500 would drop 1.75% to 2.5% under such a hot report, JPMorgan traders think. 7.5% chance — Core CPI gains 0.2%-0.25%: A decline in housing cost increases along with lower core goods prices could make this outcome possible. It would also send the S & P 500 up 1.5% to 2%, JPMorgan traders said.

Persons: Dow Jones, Defensives outperforming Organizations: CPI, Traders, JPMorgan, of Labor Statistics

☆ GameStop, AMC shares jump another 40% in premarket trading as meme stock craze returns
▼ + stars: | 2024-05-14 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

Shares of GameStop and AMC jumped around 40% in premarket trading on Tuesday, on track to extend gains after "Roaring Kitty," the man at the center of the meme stock craze, posted online for the first time in roughly three years. Shares of video game retailer GameStop traded 40% higher at 4:50 a.m. GameStop on Monday climbed a whopping 74.4%, while AMC soared 78.4% in the previous trading session. Roaring Kitty, whose legal name is Keith Gill, is a former marketer for Massachusetts Mutual Life Insurance. Also known as DeepF------Value on Reddit, Gill drew an army of day traders who cheered each other on and piled into the brick-and-mortar video game stock and in GameStop call options between 2020 and 2021.

Persons: Kitty, Keith Gill, Gill, Yun Li, Fred Imbert Organizations: GameStop, AMC, Massachusetts Mutual Life Insurance Locations: New York

☆ Transatlantic agreement needed for the U.S. to block China's EVs, says Atlantic's Fred Kempe
▼ + stars: | 2024-05-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTransatlantic agreement needed for the U.S. to block China's EVs, says Atlantic's Fred KempeFred Kempe, Atlantic Council CEO, joins 'Power Lunch' to discuss the geopolitics behind the U.S. implementing tariffs on Chinese EVs and what it means for their strained relations.

Persons: Fred Kempe Fred Kempe Organizations: Atlantic

☆ Jury selection begins in bribery case against Sen. Bob Menendez in New York
▼ + stars: | 2024-05-13 | by ( Jonathan Dienst | Dareh Gregorian | ) www.cnbc.com time to read: +4 min

Jury selection begins Monday in the federal criminal trial of U.S. Sen. Bob Menendez, D-N.J., who is charged with accepting "hundreds of thousands of dollars" in bribes — including some in gold bars — in return for official acts. It also alleges the couple received "gold bars, payments toward a home mortgage, compensation for a low-or-no-show job, a luxury vehicle and other items of value," such as jewelry and exercise equipment. The other two, Fred Daibes and Wael Hana, have pleaded not guilty and will stand trial alongside Menendez. The indictment noted a search of Menendez's home in 2022 turned up "two one-kilogram gold bars and nine one-ounce gold bars that had serial numbers indicating they had previously been possessed" by Daibes. The federal criminal trial is the second Menendez has faced since he was elected to the Senate in 2006.

Persons: . Sen, Bob Menendez, he's, Nadine Menendez, Damian Williams, Jose Uribe, Fred Daibes, Wael Hana, Menendez, Daibes, Uribe, He's, Donald Trump Organizations: ., Senate Foreign Relations, Prosecutors, Southern, of New York, Government, Democratic, Senate, Democratic Party Locations: New Jersey, Qatar, Egypt, Hana, Cuba, Florida, Paris

☆ ‘I feel like I've been tricked’: Some property buyers in China’s Tianjin have been waiting 8 years for their homes
▼ + stars: | 2024-05-13 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +2 min

As is common in China, the apartment complex in Tianjin sold the units before they were completed. Their concerns are just one example of the wider challenges that persist in pockets of China's property sector. Following early efforts to recoup their money or to garner information about their property purchases, a few buyers said police visited their homes, sometimes in the middle of the night. "I feel like I've been tricked this whole time," one buyer said in Mandarin, translated by CNBC. In all, Nomura estimated late last year that there are around 20 million unconstructed and delayed pre-sold homes in China.

Persons: Wu Qing, Fred Dufour, I've, Dan Wang, Evergrande, Nomura Organizations: Afp, Getty, BEIJING, CNBC, Hang Seng Bank Locations: Tianjin, Beijing, China

Jefferies raised its price target on the artificial intelligence chipmaker, calling for more than 30% upside. Analyst Biju Perincheril downgraded shares to neutral from positive and slashed his price target by $36 to $56. Ramnani's $531 price target implies upside of 16.2% for Mastercard, while he sees Visa shares advancing 14.7% to $322. — Alex Harring 5:39 a.m.: Jefferies raises Nvidia price target Nvidia's gains won't stop anytime soon, according to Jefferies. After an analyst change, the firm kept its buy rating and raised its price target to $1,200 from $780.

Persons: Jefferies, Biju Perincheril, SolarEdge, Perincheril, — Alex Harring, Tom O'Malley, O'Malley, Seth Seifman, We've, Seifman, Morgan Stanley, Dara Mohsenian, Mohsenian, Alex Harring, Piper Sandler, Arvind Ramnani, Ramnani, Achal Kumar, Kumar, Delta, Blayne Curtis, NVDA, Curtis, Fred Imbert Organizations: CNBC, Nvidia, HSBC, American Airlines, Susquehanna, FactSet, Wall, Micron, Barclays, JPMorgan, GE Aerospace, GE, PepsiCo, Pepsi, PEP, Mastercard, Visa, Technology, Delta Locations: Delta, United, Europe, Monday's premarket

GameStop shares rallied more than 40% in premarket trading Monday after "Roaring Kitty," the man who inspired the epic short squeeze of 2021, posted online for the first time in roughly three years. Roaring Kitty, whose legal name is Keith Gill, is a former marketer for Massachusetts Mutual Life Insurance. Currently, the short position in GameStop shares amounts to more than 24% of all its shares that are freely-available to trade, also known as the float. In response, one Robinhood user filed a class-action lawsuit following the app's decision to restrict GameStop trading on its platform. Another class-action lawsuit brought against Gill alleged that he pretended to be a novice trader despite being a licensed professional.

Persons: Roaring Kitty, Keith Gill, Gill, Capital, Ken Griffin's, Robinhood, Melvin Capital, Paul Dano Organizations: GameStop, Massachusetts Mutual Life Insurance, Ken Griffin's Citadel, Citadel Locations: Reddit

☆ Stocks making the biggest moves premarket: GME, NVDA, INTC, KVUE
▼ + stars: | 2024-05-13 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Kenvue — Shares declined nearly 2% after Kenvue announced Johnson & Johnson will sell its 9.5% stake stake in the company. The consumer health company completed its spinoff from Johnson & Johnson in May 2023. The company's balance sheet deterioration was also a point of concern for the stock, according to the firm. Demand for international travel and a rebound in corporate travel will support the stocks, according to the firm. Incyte — The biopharmaceutical company jumped more than 5% Monday after it approved a $2 billion share repurchase program.

Persons: Kitty, Jefferies, Blayne Curtis, Kenvue, Johnson, Squarespace, Penn, Susquehanna, —, Samantha Subin, Jesse Pound, Michelle Fox, Pia Singh, Fred Imbert Organizations: GameStop, Arm, Nikkei, Nvidia, Intel, Street Journal, Apollo Global Management, Kenvue, Johnson, Penn Entertainment, Bank of America, Airline, American Airlines, HSBC, Delta, Susquehanna Locations: Ireland, Delta

☆ Robert Menendez’s Trial Is Set to Begin, With a Sprawling Web of Charges
▼ + stars: | 2024-05-13 | by ( Tracey Tully | Benjamin Weiser | ) www.nytimes.com time to read: +1 min

Jury selection for Senator Robert Menendez’s corruption trial starts on Monday in a federal courthouse in Manhattan, a 20-mile drive from Mr. Menendez’s home in northern New Jersey, where for decades he has been a well-known Democratic political leader. His efforts to move the trial to his home turf failed. Jurors picked to decide the case will be from Manhattan, the Bronx or one of several New York counties north of the city. Mr. Menendez, 70, will be tried with two New Jersey businessmen, Fred Daibes and Wael Hana. His wife, Nadine Menendez, 57, was also charged in the bribery scheme but will be tried separately, in July.

Persons: Robert Menendez’s, Menendez’s, Menendez, Fred Daibes, Wael Hana, Nadine Menendez Organizations: Democratic, Prosecutors, U.S, Southern, of Locations: Manhattan, New Jersey, Bronx, New York, of New York, Qatari, Jersey

☆ Sen. Menendez bribery trial starts with judge scolding lawyers on 'gamesmanship'
▼ + stars: | 2024-05-13 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

Senator Robert Menendez arrives at the federal courthouse in Manhattan, New York, United States on May 13, 2024. A judge on Monday admonished attorneys for playing legal games shortly after they convened for the start of the federal bribery trial of Sen. Robert Menendez, D-N.J."There's been too much gamesmanship here," Judge Sidney Stein told prosecutors and defense attorneys before jury selection began for the trial in federal court in Manhattan. His wife, Nadine Menendez, is also charged in the corruption case, but her trial was severed from her husband's due to what her lawyers said were medical issues. Prosecutors from the U.S. Attorney's Office for the Southern District of New York told Stein that they expect to lay out their case in four-and-a-half to six-and-a-half weeks. The trial itself could last around six to seven weeks, Stein told dozens of prospective jurors before giving them a rough outline the 18-count indictment against Menendez and his co-defendants.

Persons: Robert Menendez, Sen, There's, Sidney Stein, Stein, I'm, Menendez, Wael Hana, Fred Daibes, Jose Uribe, Prosecutors, Nadine Menendez, Donald Trump, Stormy Daniels Organizations: New, Senate Foreign Relations, Prosecutors, Attorney's, Southern, of, of New York, Manhattan Supreme Locations: Manhattan , New York, United States, Manhattan, New Jersey, Egypt, Qatar, of New

☆ George Clooney to Make Broadway Debut in ‘Good Night, and Good Luck’
▼ + stars: | 2024-05-13 | by ( Michael Paulson | More About Michael Paulson | ) www.nytimes.com time to read: 1 min

George Clooney is planning to make his Broadway debut next spring in a stage adaptation of his 2005 film “Good Night, and Good Luck.”Clooney will play Edward R. Murrow, the pioneering newscaster whose storied broadcast career in the mid-20th century made him a journalism icon. That role was played by David Strathairn in the film. “Good Night, and Good Luck” portrays the period when Murrow’s work brought him into conflict with Senator Joseph R. McCarthy, the Republican of Wisconsin who became notorious for the excesses of his anti-Communist crusade. Clooney wrote the movie with Grant Heslov; the two are teaming up again to adapt it for Broadway. Clooney also directed the film, and performed in it as Fred W. Friendly, Murrow’s collaborator.

Persons: George Clooney, ” Clooney, Edward R, Murrow, David Strathairn, Luck ”, Joseph R, McCarthy, Clooney, Grant Heslov, Fred W Organizations: Broadway, Republican, Communist Locations: Wisconsin

☆ Bob Menendez: Here’s what prosecutors say bought off a US senator
▼ + stars: | 2024-05-12 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +8 min

Here’s what prosecutors say the senator and his wife got:Gold barsProsecutors say Hana and Daibes gave Menendez and his wife gold bars, which were seized by the FBI from the Menendez residence. After returning from a trip to Egypt and getting a ride home from the airport from Daibes’ driver, prosecutors say Menendez searched online for the price of a gold bar. Nadine Menendez needed a new car, apparently after hitting and killing a jaywalker in Bogota, New Jersey, in December 2018. There is a long list of actions prosecutors say Menendez undertook in exchange for all of these alleged bribes. The envelopes of cash prosecutors say bore Daibes’ fingerprints may be more difficult to explain.

Persons: CNN — Democratic Sen, Bob Menendez, Mercedes, Menendez, CNN’s Manu Raju, “, ”, Nadine, Wael Hana, Fred Daibes, Jose Uribe, Daibes, Nadine Menendez’s, Nadine Menendez, Uribe, Hana, –, …, Qataris, retry Menendez, Salomon Melgen, Melgen, Donald Trump Organizations: CNN — Democratic, Bob Menendez of New, Senate Foreign Relations Committee, Capitol, FBI, Court Southern District of, Prosecutors, Court Southern District of New York Prosecutors, Court Southern District of New York, Menendez, Uribe, Mercedes, Benz, Senate Foreign Relations, US Department of Agriculture, New York, of Justice Locations: Bob Menendez of, Bob Menendez of New Jersey, Egypt, Qatar, New Jersey, Daibes, Court Southern District of New York, Bogota , New Jersey, New

☆ Earnings playbook: Your guide to a key week of reports, including Walmart
▼ + stars: | 2024-05-12 | by ( Fred Imbert | ) www.cnbc.com time to read: +3 min

Just seven S & P 500 names are slated to post their quarterly figures, including Home Depot and Walmart. Management is scheduled to hold a call at 4:30 p.m. Last quarter: Cisco posted fiscal second-quarter results that beat expectations. What history shows: Cisco shares have risen after the last six earnings releases, Bespoke data shows. Thursday Walmart is set to report earnings in the premarket, followed by a call at 8 a.m. Last quarter: Walmart earnings topped analysts' estimates, thanks to soaring e-commerce sales . What history shows: Walmart has beaten bottom-line forecasts 71% of the time, per Bespoke.

Persons: Wells, Zachary Fadem, LSEG, Samik Chatterjee, Robert Ohmes Organizations: Home Depot, Walmart, CNBC, Investment, Cisco Systems, Management, Cisco, JPMorgan, Campus Networking, Bank of America

☆ Who Are Key Players in the Menendez Case?
▼ + stars: | 2024-05-11 | by ( Tracey Tully | Benjamin Weiser | ) www.nytimes.com time to read: +7 min

Who Are Key Players in the Menendez Case? Mr. Menendez goes to trial on May 13 with two of the businessmen, Fred Daibes and Wael Hana. Fred Daibes New Jersey Real Estate Developer Mr. Daibes is accused of giving Mr. Menendez furniture, gold and cash. Nadine Menendez Mr. Menendez’s Wife Ms. Menendez served as a go-between for Mr. Menendez, Egyptian intelligence officials and men who were seeking political favors from the senator, according to the indictment. Defense LawyersAdam Fee Lawyer for Robert Menendez He previously spent five years as a prosecutor in the U.S. attorney’s office for the Southern District — the same office prosecuting Mr. Menendez.

Persons: Menendez, Robert Menendez, Nadine Menendez, Mr, Fred Daibes, Wael Hana, Menendez's, Daibes, Nadine Menendez Mr, Menendez’s, Ms, Jose Uribe, Uribe, Uribe's, Sidney H, Stein, Bill Clinton, Jennifer Shah, Hassan Nemazee, Damian Williams, Williams, President Biden, Sam Bankman, Fried, Juan Orlando Hernández, Christina Clark, Clark, Charles McGonigal, Catherine Ghosh, Eli Mark, Paul Monteleoni, Robert Hadden, Lara Pomerantz, Ghislaine Maxwell, Jeffrey Epstein, Norman Seabrook, Daniel Richenthal, Sheldon Silver, Michael Avenatti, Adam Fee, Fee, Avi Weitzman, Lawrence Lustberg Organizations: Democrat, Robert Menendez New Jersey, Senate Foreign Relations, Jersey Real, EG, Prosecutors, United, Jose Uribe Former New, Benz, U.S, Southern, of, Democratic, Attorney, Southern District of, ex, Public, New, New York City Housing Authority, Justice Department, Southern District’s, New York State Assembly, Nike . Defense, Southern District Locations: New Jersey, Manhattan, Jersey, Egypt, Qatar, United States, Jose Uribe Former New Jersey, of New York, Southern District, Southern District of New York, Russian, New York City, Brooklyn, Columbia, New York, U.S, California

The bank's price target implies more than 35% upside. Citi also increased its price target to $47 per share from $38, which implies more than 30% upside from Thursday's $36.06 close. The firm upgraded shares of the drive-through coffee company to buy from hold and raised its target price to $46 per share from $33. Dutch Bros stock has ticked up roughly 4% in 2024, lagging the broader market. The firm upgraded the conglomerate to buy and raises its price target to $115 per share from $91.13.

Persons: abate, Jon Tower, Brian Evans, TD Cowen, Cowen, Andrew M, Charles said, — Brian Evans, Chris O'Cull, Wesley Brooks, Brooks, Brandon Nispel, Nispel, Fred Imbert Organizations: CNBC, Warner Bros, Discovery, HSBC, Citi, Cheesecake, Bros, MMM

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