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☆ FedEx shares jump after hours as massive cost-cutting measures kick in
▼ + stars: | 2024-06-25 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +4 min

FedEx shares soared more than 15% after hours Tuesday after the company reported results that topped analysts' estimates in both earnings and revenue. FedEx further expects the demand environment to moderately improve through the next fiscal year, according to Carere. Investor's eyes are also on the company's largest segment Express, which has been struggling with margin growth the past year. Subramaniam said improving performance of the Express segment is a "top priority" for the company. USPS was the largest customer for the company's Express segment.

Persons: Brie Carere, Carere, Raj Subramaniam, Subramaniam, John Dietrich Organizations: FedEx, LSEG, Services, Federal Express Corporation, U.S . Postal Service, United Parcel Service, UPS, USPS Locations: United States

☆ Airbus shares fall 11% as company cuts 2024 guidance on targets, deliveries
▼ + stars: | 2024-06-25 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: 1 min

A Lufthansa Airbus A340-313 aircraft taxis at Los Angeles International Airport before departing for Frankfurt on May 5, 2024 in Los Angeles, California. Shares in Airbus fell by close to 11% on Tuesday after the company said it was cutting its targets for 2024, including aircraft deliveries and earnings. Airbus on Monday said it was now expecting its adjusted earnings before interest and taxes to come in at around 5.5 billion euros ($5.9 billion), down from a previous estimate of 6.5 to 7 billion euros affirmed on April 25. The company said it was now anticipating to deliver approximately 770 commercial aircrafts this year, compared to a previous outlook near 800. Europe-listed shares in the company were down 10.75% at 9:50 a.m. London time.

Organizations: Lufthansa Airbus, Los Angeles International Airport, Frankfurt, Airbus Locations: Los Angeles , California, Europe, London

☆ Stocks making the biggest move premarket: SolarEdge, Pool Corp, Disney and more
▼ + stars: | 2024-06-25 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Here are the stocks making headlines before Wall Street's opening bell on Tuesday. SolarEdge Technologies — The green energy stock fell more than 17% after announcing a new debt offering. SolarEdge said it will offer $300 million worth of convertible notes, due 2029. Pool Corp — Shares sank 12.4% after the wholesale pool supplies distributor revised full-year earnings guidance postmarket Monday. Enerpac Tool Group — The industrial supplies stock fell more than 9% after reporting sales declined year over year in the fiscal third quarter.

Persons: Wall, SolarEdge, Raymond James, Walt Disney — Goldman Sachs, —, Alex Harring, Michelle Fox Theobald, Sarah Min Organizations: SolarEdge Technologies, Leslie's Inc, JPMorgan, Penn Entertainment, Disney, Microsoft, Xbox, Airbus — Locations: Singapore, France

☆ Cramer praises Gap's turnaround efforts — but says stay away from this corner of clean energy
▼ + stars: | 2024-06-25 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +1 min

Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. "[CEO] Richard Dickson is doing a remarkable job" in turning the company around, Jim Cramer said. The CNBC Investing Club owns T.J. Maxx parent TJX Companies . The Investing Club owns fellow cloud computing providers Microsoft , Amazon and Alphabet . Boeing : The company is now planning an all-stock offer for troubled supplier Spirit AeroSystems instead of cash, The Wall Street Journal reported Tuesday.

Persons: Jim Cramer's, Cowen, Richard Dickson, Jim Cramer, He's, Cramer, AeroSystems Organizations: CNBC, Club, CNBC Investing Club, TJX Companies, Oracle, Investing Club, Microsoft, Corp, Boeing, Street

☆ Why a divided government would be the best outcome for crypto in the November election, according to TD Cowen
▼ + stars: | 2024-06-25 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

A sweep of the executive and legislative branches by either Democrats or Republicans in the November election could spell more risk to crypto assets, according to TD Cowen. "Divided government is the best possible outcome for financial firms, housing and crypto as we believe there would be bipartisan legislative and regulatory agreements that could survive future political changes," TD Cowen's Jaret Seiberg wrote in a note Monday. "If Biden wins, a Republican Senate could limit his ability to put aggressive regulators in power," Seiberg added. "Trump would likely have a GOP Senate, but House Democrats could block his legislative agenda. Republican politicians have tended to hold more crypto-friendly views, but the digital currency industry maintains that crypto is a nonpartisan issue.

Persons: TD Cowen, Jaret Seiberg, Seiberg, Trump, Donald Trump, Biden, Biden's, Gary Gensler, Gensler, Michael Bloom Organizations: Republicans, Biden, Republican, GOP Senate, Innovation, Technology, Republican Senate, TD Cowen's Washington Research Group, SEC, Securities and Exchange Commission Locations: Washington

☆ Why water is the best drink during a heat wave
▼ + stars: | 2024-06-25 | by ( Katia Hetter | ) edition.cnn.com time to read: +8 min

We know that keeping hydrated is important to staying healthy in the summer heat, but is water still the best drink during a heat wave? CNN: When it’s really hot outside, is water still the best fluid, or should people turn to sports drinks? Energy drinks are different from sports drinks, which are meant to help you restore water and electrolytes. I urge parents to be careful to distinguish between sports drinks and energy drinks. Sports drinks probably aren’t needed, and, again, it’s advisable for children to avoid energy drinks.

Persons: Leana Wen, Wen, What’s, Frederic J . Brown Organizations: CNN, George Washington University, US Centers for Disease Control, CDC, American Academy of Pediatrics, Getty, Sports Locations: AFP

☆ ‘Months to correct, if not years’: Car dealerships and customers feel the impact as CDK outage drags on
▼ + stars: | 2024-06-25 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +7 min

“The financial impact it will directly have on us will take months to correct, if not years,” Callahan said. Tom McParland, the owner of Automatic Consulting, a national car buying service, said the outage was impacting customers because they have fewer dealers to choose from. “It limits the customer’s leverage.”Some dealers also can’t apply factory rebates without CDK’s software, so customers may miss out on money-saving deals. Under normal circumstances, the CDK software allows the dealership to register a vehicle almost instantaneously, but now the process faces heavy delays. He told CNN he was able to buy the car but was unable to sign the title.

Persons: Ryan Callahan, ” Callahan, CDK, Tom McParland, ”, McParland, Michael Deveney, “, ” Deveney, Katelyn Salvato, hasn’t, Salvato, …, We’ve, they’ve, Scott Campbell, Nicolas, CNN they’ve, Don Aycock, Robbie Jacob, Jacob, Tekion Organizations: New, New York CNN, Mazda, North America, Automatic Consulting, Midway Automotive, Massachusetts, of Motor Vehicles, Pride Motor Group, “, DMV, CNN, Massachusetts Department of Transportation, Capital City Buick GMC, Porsche, Buick, Diego —, Kia, Cox Automotive Locations: New York, Seekonk , Massachusetts, Lynn, Berlin , Vermont, Los Angeles, ”, Clay County , Florida, Diego

☆ Airbus cuts its 2024 guidance for financial targets and deliveries
▼ + stars: | 2024-06-25 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAirbus cuts its 2024 guidance for financial targets and deliveriesCNBC's Charlotte Reed discusses Airbus' decision to cut its targets for 2024.

Persons: Charlotte Reed Organizations: Airbus

☆ Many older adults are still taking daily aspirin, even though some shouldn’t be, experts say
▼ + stars: | 2024-06-25 | by ( Jacqueline Howard | ) edition.cnn.com time to read: +11 min

The latest research on the prevalence of aspirin use to prevent cardiovascular disease suggests that in 2021, nearly a third of adults 60 or older without cardiovascular disease were still using aspirin. Among adults 60 or older, nearly 30% reported taking aspirin to prevent cardiovascular disease, and around 5% of all adults 60 or older reported using aspirin without medical advice. Among those regularly taking aspirin, 89% reported taking a low-dose aspirin, according to the survey, while 11% indicated they take regular strength aspirin, which makes their risk of excessive bleeding even higher. The other alarming aspect is that many individuals are taking aspirin without the guidance of a healthcare provider,” Montgomery said. Regardless, any patient taking aspirin regularly should discuss that behavior with their physician, Weintraub said.

Persons: It’s, it’s, “, ”, Mohak Gupta, who’ve, Aspirin, ” Gupta, Donald Lloyd, Jones, ” Lloyd, Lloyd, “ I’ve, Dave Montgomery, ” Montgomery, Dr, Howard Weintraub, Sanjay Gupta, Weintraub, ” Weintraub Organizations: CNN, American College of Cardiology, American Heart Association, US Preventive Services, Internal, US Centers for Disease Control, Cleveland Clinic, University of Michigan, Healthy, Northwestern University, “, Piedmont Healthcare, NYU Langone Health, CNN Health Locations: United States, Atlanta, New York

☆ Stocks making the biggest moves midday: SolarEdge Technologies, Pool Corp., Carnival and more
▼ + stars: | 2024-06-25 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines in midday trading: SolarEdge Technologies — Shares of the company tumbled more than 20% following the announcement that it will offer $300 million worth of convertible notes due 2029. — The stock plunged more than 7% after the company updated its earnings guidance for the full year on Monday after the bell. The wholesale pool supplies distributor expects full-year earnings between $11.04 and $11.44 per share. Carnival — Shares added nearly 8% after the cruise company posted a second-quarter earnings and revenue beat. Penn Entertainment — The casino operator and online gambling platform's stock fell 5% after Raymond James downgraded it to market perform from outperform.

Persons: Leslie's, LSEG, Raymond James, Enovix, Rivian, —, Alex Harring, Lisa Kailai Han, Jesse Pound Organizations: U.S . Securities, Exchange, Pool Corp, Carnival, Penn Entertainment, Airbus, Nvidia —, Novo Nordisk, Guggenheim, Spirit AeroSystems, Boeing, Bloomberg Locations: Singapore, France, China

☆ Wednesday could be a big day for AI chip stocks as their market-leading rally stalls
▼ + stars: | 2024-06-25 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

MU YTD mountain Micron shares this year Nvidia's seemingly limitless rally stalled in recent sessions as investors took a break from semiconductor stocks. While it isn't a given that CEO Jensen Huang shows up at Nvidia's meeting, any commentary could provide an impetus for the stocks. Meeks noted that recent comments from Huang about AI chips during a trip to Asia spurred a bounce in shares. Comments could boost sentiment and convince investors the chip behemoth has yet to reach peak revenue, he added. Meeks called the selloff in chip stocks overdone, viewing a long-term runway for the AI theme at a reasonable valuation.

Persons: You've, Paul Meeks, Jensen Huang, Meeks, Huang, Meeks —, Harlan Sur, Christopher Danely, I'm Organizations: Nvidia, Micron Technology, Portfolio Management, MU, Micron, Broadcom, Qualcomm, JPMorgan, Citi Locations: Asia

Cannon did not seem inclined to approve the limitations on Trump’s speech but did not immediately issue a ruling. The judge also heard arguments on Trump’s long-shot motion alleging that the special counsel’s office is being improperly funded. He said that while Trump is welcome to campaign, there should be certain limits when it comes to the safety of FBI agents on the case. “Steve Bannon making a comment is potentially the kind of thing that could send President Trump to jail,” Blanche said. Republicans on Capitol Hill have also tried to buckle down on the DOJ’s use of the special counsel’s office and its funding.

Persons: Aileen Cannon, Jack Smith’s, Donald Trump’s, Trump, Cannon, ” Cannon, David Harbach, Trump “, Harbach, “, ” Harbach, ” Trump, Smith, Todd Blanche, Biden, ” Blanche, Blanche, “ Steve Bannon, James Pearce, Janet Reno, Pearce, Emil Bove, hadn’t, Bove Organizations: CNN, FBI, Department, Mar, Trump, Justice Department, , DOJ, Republicans, Capitol Locations: Fort Pierce , Florida, Lago

☆ Covestro opens books to ADNOC over $12.5 billion takeover offer
▼ + stars: | 2024-06-24 | by ( ) www.cnbc.com time to read: +2 min

German chemicals firm Covestro is giving ADNOC access to its books and stepping up talks based on an improved 11.7 billion euro ($12.5 billion) takeover offer, after more than a year of courtship by the Emirati energy company. Covestro said talks would proceed "in a timely manner" and there was no certainty of an agreement. A spokesperson for ADNOC welcomed Covestro's decision: "We look forward to jointly working with Covestro to swiftly progress due diligence for this important transaction," adding that this was ADNOC's final offer. ADNOC's initial informal offer to Covestro was reported in June 2023, but it wasn't until September last year that the German company entered into open-ended formal discussions. In December, it agreed to buy European chemical producer OCI's stake in ammonia and urea producer Fertiglobe for $3.6 billion.

Persons: Covestro, ADNOC, Austria's, Fertiglobe Organizations: Covestro, Abu, Abu Dhabi National Oil Co, Reuters, Jefferies, BP Locations: Leverkusen, Germany, Abu Dhabi

☆ Here are Monday's biggest analyst calls: Nvidia, Amazon, IBM, Micron, Apple, Tesla, Broadcom, Planet Fitness, UnitedHealth & more
▼ + stars: | 2024-06-24 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Morgan Stanley initiates Ryder System as overweight Morgan Stanley said the transformation is underway for the transport company. " Morgan Stanley names UnitedHealth a top pick Morgan Stanley said the health-care company is compelling. "With this note, we are adjusting our Top Pick to UNH (from CI), where its relative share price performance presents an opportunity in our view." Morgan Stanley initiates Elevance Health as overweight Morgan Stanley called out Elevance Health's earnings power as it initiated coverage of the stock. " Melius reiterates Apple as buy Melius raised its price target on Apple to $260 per share from $227.

Persons: Jefferies, kingmaker, CARR, Goldman Sachs, Goldman, Morgan Stanley, Ryder, UnitedHealth, Bernstein, Tesla, TD Cowen, TD, it's, Melius, BEV, Eli Lilly, LLY Organizations: Nvidia, Citi, Micron, Carrier, UBS, Anheuser, Busch InBev, IBM, Bank of America, Broadcom, VMWare, CI, Elevance Health, Cherniere Energy, Cheniere Energy Inc, Ally, Barclays, Apple, " Bank of America, Alexa, Reuters, China, JPMorgan, Royal Locations: LLY, Royal Caribbean

☆ Stock futures are little changed after Nasdaq Composite registers worst day since April: Live updates
▼ + stars: | 2024-06-24 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 24, 2024. Stock futures were flat in overnight trading after a selloff in favored technology names brought the Nasdaq Composite to its worst day since April. During the regular session, the Dow Jones Industrial Average bucked Monday's selloff, adding nearly 261 points, or 0.67%. The S&P 500 dropped 0.31%, while the Nasdaq Composite shed 1.09% for its worst day since April as investors rotated out of semiconductors. Wall Street is looking ahead to earnings from FedEx and Carnival on Tuesday as the season nears its end.

Persons: Jeff deGraaf, CNBC's Organizations: New York Stock Exchange, Stock, Nasdaq, Dow Jones, SolarEdge Technologies, Pool Corp, Nvidia, Qualcomm, Broadcom, FedEx, Richmond Fed Locations: New York City, U.S

☆ People who live long, healthy lives have these 9 things in common—'I call them the Power Nine,' longevity researcher says
▼ + stars: | 2024-06-24 | by ( Renée Onque | ) www.cnbc.com time to read: 1 min

The possibility of living a longer, healthier life is more attractive than ever, and for guidance, we can look to the daily practices of people who live the longest. There are five areas in the world where people's life expectancies exceed the average expectation. These places, commonly known as the Blue Zones, are:Okinawa, JapanIkaria, GreeceNicoya, Costa RicaLoma Linda, Calif., U.S.Sardinia, ItalyDan Buettner is a longevity expert who visited these areas and classified them as Blue Zones. Buettner recently appeared on an episode of "Ten Percent Happier with Dan Harris," and discussed the similarities that people in these parts of the world share. "I call them the Power Nine."

Persons: Italy Dan Buettner, Dan Harris, Buettner Organizations: Costa Rica Loma Locations: Okinawa, Japan Ikaria, Greece, Costa Rica, Calif, U.S, Sardinia, Italy

☆ Cramer's optimistic about the homebuilding sector
▼ + stars: | 2024-06-24 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Monday reviewed recent earnings from two major homebuilding companies, Lennar and KB Home , saying he feels good about the sector as a whole even though Wall Street favored the latter last week. "Even though Lennar went down and KB Home went up after both reported last week, I'm pretty positive on both stories, and the homebuilders more generally," Cramer said. "While this should theoretically be a tough space if rates stay higher for longer, the housing shortage hasn't gone anywhere." Wall Street seems unsure of how to treat these stocks, Cramer said, as they started the year strong when investors thought several rate cuts were on the horizon. Cramer said he likes KB Home and feels "more sanguine" about Lennar than Wall Street, adding the two are using two different strategies.

Persons: CNBC's Jim Cramer, Lennar, Cramer, Lennar's Organizations: KB, Wall, Federal Reserve

☆ Worried about a frothy market? Here's how to start building a long-term stake anyways
▼ + stars: | 2024-06-23 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

Here's our Club Mailbag email investingclubmailbag@cnbc.com — so you send your questions directly to Jim Cramer and his team of analysts. I realize since joining the Club I need to buy the S & P 500 to provide proper diversification. Kelly (Toronto) Several factors need to be considered to chart an appropriate course of action to get money to work. In this kind of situation, the old investment adage by Ken Fisher is applicable: "Time in the market beats timing the market." As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer, Jim, Jeff, Kelly, Ken Fisher, It's, Vanguard's, it's, Cash, Jim Cramer's, Brendan McDermid Organizations: CNBC, Club, Vanguard's, Jim Cramer's Charitable, Traders, New York Stock Exchange Locations: Toronto, New York City, U.S

☆ Watch out, these S&P 500 stocks could fall in the second half of 2024
▼ + stars: | 2024-06-22 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

The S & P 500 is having a hot 2024, but a few names could be poised to fall from grace in the second half of the year. However, the de facto market leader and other high-flying stocks on Wall Street could face pressure after their huge runs, based on consensus price targets. CNBC Pro used its Stock Screener tool to search for S & P 500 constituents that average analyst price targets suggest could slip 10% or more moving forward. NVDA YTD mountain Nvidia stock has climbed 155% in 2024. Still, analysts' price targets suggest that the stock may have gotten ahead of itself, reflecting a nearly 14% decline moving forward.

Organizations: Nvidia, CNBC Pro, Nvidia Investor, Microsoft, Wall, Qualcomm, VanEck Semiconductor, Garmin Locations: China

☆ Microsoft is one of the most overbought stocks on Wall Street. Here are the others
▼ + stars: | 2024-06-22 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

To that end, CNBC Pro used its stock screener tool to find the most overbought and oversold names on Wall Street, employing the 14-day relative strength index, or RSI, as a metric. Stocks that have a 14-day RSI above 70 are said to be overbought, indicating that shares might soon be due for a pullback. Microsoft was among the most overbought stocks this week, with an RSI of 74. Analyst price targets suggest more than 37% upside, per LSEG. With a RSI of about 19, real estate data firm CoStar Group was also among the most oversold stocks.

Persons: Nvidia, Brent Thill, Morgan Stanley, Meta Marshall, Vasu Raja, AAL, Ravi Shanker, Nicholas Jones, CSGP, —, Fred Imbert Organizations: CNBC Pro, Microsoft, Jefferies, American Airlines, U.S, JMP Securities Locations: Corning

☆ Comeback candidates for 2024's second half include Starbucks and Nike — Here are the rest
▼ + stars: | 2024-06-21 | by ( Brian Evans | ) www.cnbc.com time to read: +4 min

However, shares of heavyweight companies including Nike and Starbucks have not fared as well this year. The sneaker manufacturer has slipped about 12% in 2024, while Starbucks has pulled back more than 16%. Starbucks The coffee chain posted sluggish fiscal second-quarter results in late April, noting a stark decline in same-store sales. SBUX YTD mountain Starbucks stock. NKE YTD mountain Nike stock.

Persons: Goldman Sachs, Christine Cho, Morgan Stanley, Alex Straton, skews, Straton, Raymond James, RJ Milligan, amortization, Milligan Organizations: Nvidia, Nike, Starbucks, CNBC Pro, CNBC, Stock, Caesars Entertainment, Caesars Locations: SBUX, FY3Q24E, China

☆ Nvidia forms 'bearish engulfing' stock chart pattern that can sometimes mark a temporary top
▼ + stars: | 2024-06-21 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Nvidia just formed a bearish technical pattern that is signaling a reversal ahead. The red-hot chipmaker dropped 3.5% on Thursday after temporarily unseating Microsoft as the most valuable public company in the U.S. Thursday's decline marked a "bearish engulfing" pattern that often signals that the prior upward momentum is waning. Others believe the Nvidia bearish engulfing pattern, while ominous, isn't significant enough yet. The confirmation of a bearish engulfing pattern sometimes depends on the size of the candles. "The reversal of the shares was 11 cents away from clearly registering a bearish engulfing pattern.

Persons: Mark Newton, Mike O'Rourke Organizations: Nvidia, Microsoft, NVIDIA Locations: U.S

☆ 10 things to watch in the stock market Friday including more optimism on Apple's AI plan
▼ + stars: | 2024-06-21 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Meanwhile, Melius Research upped its price target on the leading artificial intelligence chipmaker to $160 a share from $125. Their new price target is $477 a share, down from $535. DA Davidson started coverage of Club name Palo Alto Networks with a buy rating and price target of $380 a share. Snowflake 's price target at Wells Fargo was lowered to $200 a share from $225, though analysts kept their buy rating on the data-analytics stock. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Stocks, Dow, Oppenheimer, Bernstein, Toni Sacconaghi, It's, Northrop Grumman, Analysts, Davidson, billings, Morgan Stanley, Frank Slootman, Jim Cramer's, Jim Cramer, Jim Organizations: Nasdaq, Nvidia, Research, Nike, Analysts, Apple, Northrop, Palo Alto Networks, Alcoa, JPMorgan, Kroger, Jim Cramer's Charitable, CNBC Locations: Freeport, McMoRan, Wells

☆ Here's our first-quarter earnings report card for 32 stocks in the portfolio
▼ + stars: | 2024-06-21 | by ( Zev Fima | ) www.cnbc.com time to read: +14 min

Most of the earnings reports — 25 out of 32 portfolio names — were ranked as good or great by the Investing Club. Similar to prior quarters, we grouped company results into one of four categories. Meta Platforms : Sales, earnings and cash flow results all topped expectations . However, sales and earnings both outpaced expectations, as did return on tangible common equity, a key consideration when valuing banks. The company also raised its outlook for full-year earnings growth to 25% year-over-year from 20%.

Persons: we're, Dover, Eli Lilly, Blackwell, Abbott, —, Wall, We'll, Morgan Stanley, Nikesh, Stanley Black, Wells, Estee Lauder, Fabrizio Freda, Jim Cramer's, Jim Cramer, Jim, Hock Tan, Broadcom Lucas Jackson Organizations: Investing, Apple, Services, Broadcom, VMware, Coterra, DuPont, Microsoft, Nvidia, Wynn Resorts, Super, Abbott Labs, Web Services, Constellation Brands, Constellation, Ford, Ford Pro, Wall Street, Alto Networks, Procter & Gamble, TJX, GE Healthcare, Honeywell, Linde, Jim Cramer's Charitable, CNBC Locations: Dover, China, Eaton, Las Vegas, China's Macao, billings, Wells Fargo, —

☆ 2028 L.A. Olympics unveil venue plan: Swimming in SoFi, softball in Oklahoma City
▼ + stars: | 2024-06-21 | by ( Lauren Merola | Mark Cooper | ) www.nytimes.com time to read: +5 min

Organizers for the 2028 Los Angeles Olympics plan to hold swimming in the home of the NFL’s Rams and Chargers — and softball and canoe slalom in Oklahoma. That’s according to an amended venue plan unveiled Friday by LA28, the 2028 Games’ organizing committee. It will be the largest swimming venue in Games history, per LA28, with 38,000 seats. LA28 organizers faced one complication with the SoFi swimming plan, however: The stadium is also set to be part of the Games’ opening ceremonies. The venue plan adjustments are in part due to new arenas that have become available for use and a previously assigned venue that became unavailable, LA28 said.

Persons: LA28, Katie Ledecky, “, ” Ledecky, Sarah Stier, Casey Wasserman, Brian Bahr, David Holt, ” Holt, ” Wasserman, Qian Weizhong Organizations: Olympics, NFL’s Rams, Chargers, Olympic Committee, SoFi, Lucas Oil, NFL, Olympic, New York Times, Athletics, Oklahoma City, USA Softball, International, Devon Park, Women’s, OGE Energy, Getty, IOC, Hollywood, Crypto.com Arena, Lakers, Kings, Sparks, Intuit, LA Clippers, USC’s Locations: Oklahoma, Inglewood , Calif, U.S, Indianapolis, Indianapolis , Indiana, Oklahoma City, Los Angeles, Devon, Okla, Paris, Lille, Tahiti, Long Beach, Calif, Exposition, Temecula , Calif, Sepulveda, L.A, Fernando Valley, Tokyo

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