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☆ Donald Trump's allies are doing his dirty work while tiptoeing around his gag order
▼ + stars: | 2024-05-16 | by ( Geoff Weiss | Brent D. Griffiths | ) www.businessinsider.com time to read: +5 min

But while the former president has been uncharacteristically restrained recently, a cast of Republican lawmakers and Trump surrogates have traveled to court to rail about the proceedings. It's raised questions about whether the "surrogates" could be violating Trump's gag order. Sen. Tommy Tuberville of Alabama, who has been floated as a potential VP pick, told Newsmax one reason he attended was to "overcome this gag order." Under the gag order, Trump is not allowed to comment about Cohen. But Neama Rahmani, a former federal prosecutor, told BI that "practically speaking," Judge Merchan can do little to stop lawmakers from speaking on Trump's behalf.

Persons: —, Donald Trump, Michael Cohen, It's, Mike Johnson, JD Vance, Ohio, Rick Scott of, Vivek Ramaswamy, Vance, Doug Burgum, Matt Gaetz, Michael M, Trump, Juan Merchan's, Andrew Rice, he'd, Sen, Tommy Tuberville, Lauren Boebert, Cohen, Boebert, Donald J, Andrew Lieb, Lieb, ANGELA WEISS, Laurie Levenson, Neama, Merchan, Rahmani, Jeff Modisett Organizations: Service, Republican, Trump, Business, Sens, Gov, Republicans, MSNBC, Caucus, Loyola Law, Former Indiana Locations: Rick Scott of Florida, Florida, Alabama, Colorado, Manhattan

☆ Danaher's rally shows how sticking with a troubled stock of a good company can pay off
▼ + stars: | 2024-05-15 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Market talk : The S & P 500 and Nasdaq jumped to new intraday highs Wednesday, extending the gains from the prior session's late-day rally. In fact, the S & P 500 broke above 5,300 for the first time ever. The one thing we're staying guarded about in this rally is how overbought the stock market has become. You have to go back to last December to find a time when the S & P 500 Short Range Oscillator was this overbought. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, Dow, Jan, Danaher, prudently, Cramer, we're, Jim Cramer's, Jim Organizations: CNBC, Nasdaq, Bank of America Healthcare, Disney, Cisco Systems, Walmart, Deere, Baidu, Jim Cramer's Charitable Locations: China

☆ ‘Big Short’ investor Michael Burry piles into physical gold fund, making it his biggest bet
▼ + stars: | 2024-05-15 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Michael Burry, known for calling the subprime mortgage crisis, piled into a physical gold trust in the first quarter, making it his biggest bet, according to a new regulatory filing. Burry, who now manages hedge fund Scion Asset Management, bought more than 440,000 units of the Sprott Physical Gold Trust (PHYS), worth more than $10 million in the first quarter. The closed-end fund holds its assets in physical gold bullion. The gold trust is trading at a discount to its net asset value. The widest discount PHYS has traded at over the past 52 weeks is 2.52%.

Persons: Michael Burry, Burry, It's, Michael Lewis Organizations: Asset Management, Nuveen, JD.com, HCA Healthcare, Citigroup, Block, Securities and Exchange

☆ David Tepper's Appaloosa is betting big on Chinese tech stocks
▼ + stars: | 2024-05-15 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

Billionaire investor David Tepper's hedge fund increased its bets on Chinese tech stocks during the first three months of 2024, while dialing back exposure to some key domestic names. Appaloosa Management's quarterly report on Wednesday showed that Alibaba is now its top holding after buying several hundred million dollars worth of shares. The fund also revealed that it holds put options against Microsoft , which could indicate more selling in the second quarter. Outside of technology, Appaloosa exited a small position in hospital stock HCA Holdings and added a small position in Boeing . Chinese tech stocks have been trending higher, however, with the KWEB up 19% in the second quarter.

Persons: David Tepper's, Tepper Organizations: PDD Holdings, Baidu, Adobe, iShares FTSE, CSI China Internet, Microsoft, Holdings, Boeing, Quarterly, Carolina Panthers Locations: ., iShares FTSE China

☆ These stocks are expected to move the most this week on earnings
▼ + stars: | 2024-05-13 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

The first-quarter reporting season is nearing its end, but investors may want to pay close attention to these stocks reporting this week poised to potentially experience volatile moves. A handful of Chinese technology and e-commerce stocks showed up, including Alibaba, Baidu and JD.com. All three stocks are poised to experience moves of about 6% or more. Home improvement stock Home Depot and discount retailer Walmart also made the cut, with both stocks slated to experience moves of roughly 4%. Other stocks poised for potentially big moves include Under Armour , Take-Two Interactive and Applied Materials .

Persons: That's, Jack, Krisztina Katai, Nick Wells Organizations: CNBC Pro, Baidu, Walmart, Deutsche Bank, Materials

CNN —President Joe Biden is facing backlash from lawmakers in both parties over his ultimatum that a major Israeli offensive in the city of Rafah would result in a shut-off of some US weapons. “So if you’re worried about Palestinian casualties, the stated policy here actually doesn’t make a ton of sense,” Vance said. The president’s announcement amounted to a turning point in US-Israeli ties since the seven-month conflict between Israel and Hamas began in October. Still, the president’s aides said the message shouldn’t have been a surprise to their intended recipients in Israel given repeated warnings to Prime Minister Benjamin Netanyahu. “I think President Biden has taken forceful action – so much so there’s been a lot of blowback for his recent public statement.”CNN’s Kit Maher, Aileen Graef, Kevin Liptak, Jennifer Hansler and Kylie Atwood contributed to this report.

Persons: Joe Biden, CNN’s Erin Burnett, “, Republican Sen, JD Vance, CNN’s Dana, ”, Biden, ” Vance, Benjamin Netanyahu, Burnett, Israel, Lindsey Graham of, Graham, GOP Sen, Rick Scott of, Israel ”, Josh Gottheimer, Adam Smith, Erin Burnett, –, Netanyahu, Democratic Sen, Chris Murphy, Bash, Murphy, Antony Blinken, ” Blinken, Chris Van Hollen, Margaret Brennan, Van Hollen, ” Van Hollen, ” Murphy, ” Democratic Sen, Chris Coons, Van Hollen’s, there’s, ” CNN’s Kit Maher, Aileen Graef, Kevin Liptak, Jennifer Hansler, Kylie Atwood Organizations: CNN, GOP, Republican, Union, Hamas, Fox News, Democrats, House Democrats, Rep, Congress, Democratic, Connecticut, “, CBS, Ministry, Health, State Department, ” Democratic Locations: Rafah, Ohio, “ State, Israel, Rafah —, Gaza, Lindsey Graham of South Carolina, Rick Scott of Florida, New Jersey, Washington, ”, Iraq, Afghanistan, United States, Maryland, Chris Coons of Delaware

☆ From senators to a dog killer: A power ranking of Trump's potential vice presidents
▼ + stars: | 2024-05-12 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +11 min

AdvertisementFormer President Donald Trump is entering the final stretch in his vice presidential selection process. So with that in mind, here's Business Insider's initial vice presidential power rankings. He's a former presidential candidate himself, a fact many recent vice presidential nominees share (though Trump ignored that in 2016). Entrepreneur Vivek Ramaswamy: Ramaswamy staked out the most pro-Trump territory of any GOP presidential hopeful. Having never held elected office, the Roivant Sciences founder would have one of the least conventional resumes of any recent major party vice presidential nominee.

Persons: Donald Trump, Trump, —, I'm, Sen, Tim Scott of, TIMOTHY A, CLARY, Scott, He's, Larry Ellison, we've, Doug Burgum, North Dakota Ethan Miller, Kevin Cramer, haven't, Pence, Burgum, Dakotan, Marco Rubio, Joe Raedle, Florida Rubio, Rubio, Rubio isn't, Politifact, Elise Stefanik, Chip Somodevilla, New York Stefanik, Stefanik, Liz Cheney, isn't, it's, Biden, Mike Johnson's, JD Vance, Ohio Republican Andrew Harnik, Ohio Vance, Vance, Mike Pence, Byron Donalds of, Donalds, Kevin McCarthy's, Mike Johnson, hasn't, Vivek Ramaswamy, Ramaswamy, Tulsi Gabbard, Gabbard, Jr's, there's, Ben Carson, Carson, Glenn Youngkin, Youngkin, Rupert Murdoch, Kristi Noem Organizations: Service, Republican, Time Magazine, Republican Party, Getty, Oracle, CNBC, Black Republican, Reconstruction, Trump, GOP, Gov, North Dakota Burgum's, Democrat, LBJ, Microsoft, Ohio Republican, Roivant Sciences, Democratic, RFK, South Dakota Gov Locations: Milwaukee, Nebraska, Tim Scott of South Carolina, Iowa, North Dakota, Marco Rubio of Florida, New York, Wyoming, Ohio, Byron Donalds of Florida, Trump, Hawaii, Michigan, Virginia

☆ Inflation data commands center stage next week and provides a test for the market rally
▼ + stars: | 2024-05-11 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

All three major U.S. stock indexes closed higher for the week, led by the Dow Jones Industrial Average . The Nasdaq Composite added 1.14% while the S & P 500 advanced 1.85% in a relatively quiet week of economic updates. Within the portfolio, Disney and Wynn Resorts released quarterly numbers; we took issue with the stock reaction to both reports. It also raises the stakes around major economic releases, such as next week's consumer inflation report. In the week ahead, earnings season continues — headlined by Walmart on Thursday — and inflation data will dominate the economic calendar.

Persons: We've, Jim Cramer, Dow Jones, we'll, We'll, Stanley Black, Decker, Jack, JACK, Arcutis, Spero, JD.com, Armour, Jim Cramer's, Jim, Carlo Allegri Organizations: Dow Jones, Nasdaq, Disney, Wynn Resorts, Procter, Procter & Gamble, Walmart, CPI, PPI, Club, Home Depot, Biotech Corporation, Music Entertainment, Central Puerto S.A, TeraWulf Inc, Paysafe Group Holdings, QuickLogic Corporation, Kopin Corp, Royalty Corp, Agilysys Inc, Crop Solutions Corp, Inovio Biomedical, Intercorp Financial, Lithium, Argentina ) Corp, Sea, Sony Group Corporation, SONY, Holding, HudBay Minerals, Autolus Therapeutics, Game Technology, Nu Holdings, Dragonfly Energy Holdings Corp, Bakkt Holdings, Prestige Consumer Healthcare, SilverCrest Metals, Inc, Mining Corp, Acurx Pharmaceuticals, Cresco Labs, Dole plc, DOLE, Arcos Dorados Holdings, ARCO, Cisco Systems, Grab Holdings, Copa Holdings S.A, Technologies, Iris Energy, KORE Group, Super, Spero Therapeutics, ZTO, Baidu, Deere & Company, NICE, Lightspeed Commerce, Ship Lease, Canada Goose Holdings, Drainage Systems, Consolidated Water Co, Outlook Therapeutics, Despegar.com, Corp, DXC Technology Company, Flowers Foods, Bruker Corporation, WYNN, CNBC, Foods Locations: Procter &, Central, Cayman, Lithium Americas, Argentina, Manhattan, New York City

☆ Earnings Playbook: Stocks that are set to beat analysts' estimates next week
▼ + stars: | 2024-05-09 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

More than 450 S & P companies have reported earnings results in the first-quarter earnings season, with nearly 79% of firms surpassing Wall Street analysts' estimates, according to FactSet data. China-based e-commerce company JD.com stock has added about 11% in 2024. The company has typically exceeded Street earnings estimates 82% of the time, resulting in a more than 1% move in its stock after the results. JD YTD mountain JD.com stock. Other stocks that could be poised to surpass analysts' average earnings estimates next week include Baidu.com and Triumph Group .

Persons: Wall, JD Organizations: Wall Street, CNBC, Investment Group, Panamanian, Copa Holdings, CPA, Copa, Triumph Group Locations: China

☆ A port-in-the-storm trade if the consumer continues to get pinched by rates and inflation
▼ + stars: | 2024-05-09 | by ( Michael Khouw | ) www.cnbc.com time to read: +4 min

The consumer, making up 70% of the U.S. economy, is being hit by higher interest rates and sticky inflation. Consumer spending, also known as personal consumption expenditures (PCE), typically represents about two-thirds of the U.S. GDP. While that is attributed to easing consumer demand for EVs, dealer inventories of ICE vehicles have recovered significantly since the pandemic. Away from consumer discretionary and towards consumer staples. The Consumer Staples Select Sector ETF (XLP) is trading 21 times trailing earnings and about 19.6 times forward earnings estimates versus 25.7 times trailing and 22.83 times forward for the Consumer Discretionary Select Sector Index.

Persons: there's, Tesla, Power Organizations: Starbucks, Investors, PPI, CPI, Federal Locations: U.S

☆ Justin Bieber and Hailey Baldwin's Relationship Timeline
▼ + stars: | 2024-05-09 | by ( Callie Ahlgrim | Palmer Haasch | ) www.businessinsider.com time to read: +29 min

2009: Justin and Hailey met at a fan eventAccording to 234Star.com, Justin and Hailey first met at a fan event (for Justin, not Hailey) in 2009. February 2011: Hailey attended another Bieber Fever eventHailey Baldwin, Justin Bieber, and Steven Baldwin at the 2011 premiere of "Never Say Never." July 2015: Justin and Hailey got matching tattoosA post shared by Justin Bieber (@justinbieber)In the summer of 2015, Justin and Hailey got matching "G" tattoos. May 5, 2018: Hailey attended the Met Gala with Shawn MendesShawn Mendes and Hailey Baldwin at the 2018 Met Gala. October 4, 2019: Hailey starred in Justin's music video for '10,000 Hours'Justin and Hailey Bieber in the "10,000 Hours" music video.

Persons: —, Sara Hendricks, Justin, Hailey, 234Star.com, Stephen Baldwin, Hailey Baldwin, Justin Bieber, Steven Baldwin, Richard Corkery, Kendall Jenner, Selena Gomez, Gomez's, Georgia Veach, Chad Veach, Hillsong Church . Georgia, Chad, Julia Veach, Leonardo DiCaprio's, Bieber, Jason Merritt, Frederick M, Brown, I'm, Vogue, Sofia Richie, Justin unfollowed Hailey, Richie didn't, Selena Gomez Justin Bieber, Stuart Franklin, Christopher Polk, Paola Paulin, Abel Tesfaye, Gomez, Tesfaye, Shawn Mendes Shawn Mendes, Neilson Barnard, Staff Hailey, Shawn Mendes, Mendes, Rich Wilkerson Jr, Jeremy Bieber, Steve Baldwin, Kim Basinger, Alaia, Basinger, Hailey's, Alec Baldwin, What's, Hailey flaunted, Bjorn Iooss, Hailey draping, Grant Mobley, Jack Solow, Solow, James Devaney, Vogue's Rob Haskell, Justin serenaded Hailey, Ricky Vigil, — Hailey, Instagram Justin, Elle, wasn't, Hailey Rhode Bieber, Rhode, It's, Instagram Hailey, Lyme, Hailey Bieber, Dan, Shay, livestream, Ellen DeGeneres, Justin's, Ariana Grande, K, Kevin Mazur, GQ, Jeff Kravitz, Judah Smith, Kennya Baldwin, I've, Ebro, Bauer, Griffin, Kylie Jenner, concertgoers, Kim Kardashian, Kris Jenner, DJ Khaled, Jenner Organizations: Service, Business, Daily, Getty, New, New York City, Vogue, Hillsong Church, Hillsong Church ., Lissencephaly, Weekly, Staff, Hamptons, Twitter, they're, Cosmopolitan, Vogue Mexico, Solow, TMZ, Bureau, London Fashion, Adidas, Stratford Perth Museum, YouTube, Children's, Amazon Studios, Amazon Prime, Chelsea, Nation, Apple, Ebro Darden, Bellocqimages Locations: New York, St, Barts, Instagram, Los Angeles, Miami, Domino, Bahamas, Ireland, New York City, Vogue Mexico, Toronto, London, Buckingham, South Carolina, NYC, Brooklyn, lacy

☆ The EV market isn't in peril. It's just changing.
▼ + stars: | 2024-05-08 | by ( Nora Naughton | ) www.businessinsider.com time to read: +4 min

The rate of EV sales has been slowing for about a year, major automakers have pulled back on their previously lofty EV goals, and even electric car-giant Tesla is faltering. Demand for electric vehicles hasn't dried up completelyDemand for expensive EVs has softened significantly, but an opening exists in the affordable market. A new generation of electric car shoppers are looking for different options than their early-adopting counterparts. Essentially every major automotive company at this point has built its future around selling more electric vehicles. The real divide here is not between hybrids and EVs, but between legacy car companies and EV-only startups.

Persons: —, it's, Power, It's, Elon Musk Organizations: Service, Business, EV, Companies, Ford, GM Locations: EVs

☆ Will China's comeback stock rally last? Wall Street weighs in and shares stock picks
▼ + stars: | 2024-05-07 | by ( Weizhen Tan | ) www.cnbc.com time to read: +5 min

China stocks have staged such a strong rally after a protracted slump for the past few years that they're beating even the S & P 500 so far this year. The MSCI China index, which includes the mainland A-shares, Hong Kong-listed shares and U.S.-listed China names, has jumped around 9%, while the KraneShares CSI China Internet ETF is up around 13%. Most analysts said whether the rally can be sustained will largely depend on China policy. How to play China Though most were bullish on China stocks, they would be selective in stock-picking. They include: SPDR S & P China ETF iShares MSCI China A ETF Global X MSCI China Consumer Disc ETF iShares MSCI Hong Kong ETF — CNBC's Michael Bloom contributed to this report.

Persons: Bernstein, it's, —, Goldman Sachs, Kevin Liu, CICC, Nomura's, Goldman, Kweichow, Ping, Morningstar, Michael Bloom Organizations: U.S, CSI China, Investors, CICC Research, CNBC, BYD, SAIC, Changan Automobile, Energy, Anhui, Cement, JPMorgan, Kuaishou, Ping An Insurance, China Merchants Bank, Hong, China, iShares, China Consumer Locations: China, Hong Kong

☆ Kristi Noem, who told a bizarre story about shooting her pet dog Cricket, suggests Biden's bitey dog Commander should have met a similar fate
▼ + stars: | 2024-05-06 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

"Commander, say hello to Cricket for me," Noem wrote in her memoir. Noem said of Biden's family dog, Commander, in an appearance on CBS's "Face the Nation" on Sunday. Advertisement"I hated that dog," Noem wrote in her book, which is set to be published on Tuesday. In her book, Noem also referenced Commander, and suggested that the Bidens' dog meet the same fate Cricket did. "Commander, say hello to Cricket for me," Noem wrote in her memoir, per an excerpt obtained by CNN.

Persons: Joe Biden should've, Kristi Noem, Noem, —, Joe Biden, Joe Biden's, Margaret Brennan, Brennan, Biden didn't, Donald Trump's, Trump, Ron DeSantis, Sen, Tim Scott of, Ohio's Sen, JD Vance Organizations: Service, GOP, CNN, White, WH, Biden, Noem, BI, Cricket, The New York Times, South Dakota Republican, Politico, Gov Locations: South Dakota, Florida, Tim Scott of South Carolina

☆ Donald Trump says he doesn't care too much about his legal troubles: 'Life is life'
▼ + stars: | 2024-05-05 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +3 min

Read previewDonald Trump told attendees at a private donor event in Florida on Saturday that he wasn't too bothered about his numerous legal troubles. Nevertheless, Trump told those in attendance that he was shocked when he first found out he had been indicted. I got indicted," Trump said, per the report. REUTERS/Jane RosenbergDuring the Mar-a-Lago event, Trump also took the opportunity to hit out at Democrats, saying they were "running a Gestapo administration," referencing the Nazi secret police force. Doug Burgum, Ohio Sen. JD Vance, Florida Sen. Marco Rubio, and Florida Rep. Byron Donalds.

Persons: —, Donald Trump, It's, Trump, Stormy Daniels, Jane Rosenberg, Biden, South Carolina Sen, Tim Scott, Elise Stefanik, Doug Burgum, Doug Burgum , Ohio Sen, JD Vance, Florida Sen, Marco Rubio, Byron Donalds, Mike Johnson, cochair Lara Trump, Donald Trump's Organizations: Service, Mar, NBC News, Business, REUTERS, Manchurian, Republican National Committee's, Sunshine, CNN, Tim Scott , New York, North Dakota Gov, Florida Rep, House GOP Locations: Florida, New York, China, Russia, Ukraine, Sunshine State, South Carolina, Tim Scott ,, North, Doug Burgum , Ohio

☆ Morgan Stanley's new wealth boss Jed Finn shares his playbook from playing matchmaker with E-Trade clients to getting advisors to teach each other how to use AI
▼ + stars: | 2024-05-01 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +9 min

AdvertisementThe units are combining their outsourced investment services for ultra-high-net-worth wealth clients and institutional customers. The wealth management arm is there to help them pay less taxes on their windfall and manage their fortune. That said, Morgan Stanley has drawn the line in the past at some offerings like health savings accounts. AdvertisementFor Finn, those offerings are a means to an end: converting as many of these clients as possible to become fee-paying wealth management clients. The revenue and margins of the workplace channel and E-Trade, which Morgan Stanley acquired for $13 billion in 2020, are "irrelevant," he said.

Persons: —, Morgan, Jed Finn doesn't, Finn, Andy Saperstein, James Gorman's, Saperstein, Jacques Chappuis, Ben Huneke, Andy Saperstein's, Larry Lettera, Wagner, multibillion, Morgan Stanley, Finn isn't, We're, Jeff McMillan Organizations: Service, McKinsey, bank's, Business, Wall Street, Solium, OpenAI, AIMS

☆ Maybe Kristi Noem doesn't want to be Trump's vice president
▼ + stars: | 2024-05-01 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +6 min

Kristi Noem keeps hurting her chances to become Donald Trump's running mate. Kristi Noem has campaigned so badly to be former President Donald Trump's vice president that even some of the most controversial Trumpworld figures are turned off. If Noem truly wants to be vice president, this has been one of the worst efforts to obtain the job. AdvertisementIt's a difficult balance trying to become vice president. At worst, a potential vice president could lose all the leverage to shape the role in a way that would benefit him or her the most.

Persons: Kristi Noem, Donald Trump's, Noem, —, I've, Steve Bannon, Donald Trump Jr, Bannon, Trump, Tim Walz, Nicole Malliotakis, Joe Biden, Barack Obama, Harry Truman, FDR, Sen, JD Vance, Trump . Sen, Marco Rubio, Doug Burgum, Tim Scott of, George Costanza, Saul Goodman, Saul, Biden, Los Angeles Mayor Eric Garcetti, Karen Bass, Susan Rice, Gretchen Whitmer, Elizabeth Warren Organizations: South Dakota Gov, Service, White, Trump Jr, Cricket, The Guardian, Minnesota Gov, GOP, New, New York Republican, Politico, Gov, Ohio Republican, Trump ., Trump, Trump . North Dakota Gov, Wall Street, Los Angeles Mayor, New York Times, Michigan Gov Locations: New York, Texas, Ohio, Trump ., Tim Scott of South Carolina, Los Angeles, Biden's White

When you miss a mortgage payment, you incur late fees and hurt your credit score. But skipping mortgage payments comes with serious consequences that could include losing your house. Are you finding it hard to make your monthly mortgage payment? This allows you to pause your mortgage payments for a certain amount of time or, in some cases, make reduced payments instead. FAQsWhat should I do first if I realize I can't make my mortgage payment?

Persons: Craig Martin, Christian Mills, Freddie Mac, you've, you'll, it's, Aly J, Yale Aly J, Bob Organizations: Christian, US Department of Housing, Urban, Chevron, Yale, Forbes, Money Magazine, The Dallas Morning News, Bob Schieffer College of Communication, Twitter

☆ Potential Trump running mate JD Vance and Donald Trump Jr. have become so close that they text or talk on a 'nearly daily' basis: NYT
▼ + stars: | 2024-04-28 | by ( John L. Dorman | ) www.businessinsider.com time to read: +1 min

JD Vance and Donald Trump Jr. have developed a close friendship and communicate "nearly daily," per The Times. Vance was once a critic of former President Trump but has become a champion of the ex-president. AdvertisementWhen Republican Sen. JD Vance of Ohio arrived in the Senate last year, he was already a well-known figure, boosted by his best-selling memoir "Hillbilly Elegy" and its subsequent film adaptation. For many GOP figures, Vance represents the future of the party, one that embraces the more isolationist "America First" worldview advanced by former President Donald Trump. This story is available exclusively to Business Insider subscribers.

Persons: Vance, Donald Trump Jr, Trump, —, Republican Sen, JD Vance, Donald Trump Organizations: Times, Service, Republican, Business Locations: Ohio

☆ Final Trade: SOFI, DELL, JD, MC
▼ + stars: | 2024-04-26 | 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 EmailFinal Trade: SOFI, DELL, JD, MCThe final trades of the day with CNBC’s Melissa Lee and the Fast Money traders.

Persons: DELL, CNBC’s Melissa Lee Organizations: Fast Money

☆ Jim Cramer's favorite investment themes in this rough market and 3 stocks he likes now
▼ + stars: | 2024-04-25 | by ( Paulina Likos | ) www.cnbc.com time to read: +9 min

Here are the responses from Jim Cramer and Director of Portfolio Analysis Jeff Marks. (Gary, Philadelphia) Jim Cramer: Go to Club holding Costco's website and buy gold. When we do see a lot of parabolic moves happening in the market that's usually a sign for us to start raising cash. (Sonny) Jim Cramer: Former President Donald Trump wants more defense. 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, Jeff Marks, Wells, It's, They're, —, Sonny, Donald Trump, Trump, Joe Biden, James, Johnson, That's, – Alibaba, Eaton, Michael, you've, Anthony, Dupont, Stanley Black, Decker, Eli Lilly –, that's, Nancy, Estee Lauder, they're, Gordon, Cash, Wynn, I'm, it's, Jim Cramer's, Jim Organizations: Investing Club, JPMorgan, Costco, Investing, Abbott Labs, Baidu, PDD Holdings, Bank of America, Nike, Trust, Jim Cramer's Charitable, CNBC Locations: North Carolina, Gary, Philadelphia, , Texas, Bob , Minnesota, Eaton

☆ JD Sports to buy U.S. rival Hibbett in $1.08 billion sportswear retail deal
▼ + stars: | 2024-04-23 | by ( ) www.cnbc.com time to read: +2 min

(Photo by May James/SOPA Images/LightRocket via Getty Images)JD Sports Fashion has proposed to buy American athletic fashion retailer Hibbett Inc for about $1.08 billion, the companies said on Tuesday, as Britain's biggest sportswear retailer looks to expand across the southeastern U.S. The deal comes as shares in athletic clothing retailers come under pressure globally after weak outlooks from sports apparel makers such as Nike and Puma. It will pay $87.50 per Hibbett share in cash, representing a premium of about 20% to the U.S. firm's last closing price. JD Sports shares, which have fallen more than 20% so far this year, were up 6% by 0900 GMT. The deal is expected to add to the British firm's earnings in the first full year of ownership, with cost savings expected to be at least $25 million, JD said.

Persons: May James, Foot Locker, Dominic Platt, JD Organizations: UNITED, Getty, Hibbett Inc, Nike, Puma, Adidas, JD Sports, Paris Olympics Locations: UNITED KINGDOM, England, premarket U.S, U.S, North America, Bury, Greater Manchester

☆ The Chinese Site That Rewired Online Shopping
▼ + stars: | 2024-04-22 | by ( Daisuke Wakabayashi | Claire Fu | ) www.nytimes.com time to read: +1 min

When Pinduoduo, the Chinese discount shopping app, debuted nearly a decade ago, the tech giants Alibaba and JD.com dominated China’s e-commerce business. It was a combination of a game arcade, a shopping mall and a social network. Like TikTok, Temu is the foreign version of a highly successful Chinese company. As its popularity has grown in the United States, its business practices have also come under scrutiny. It has encountered criticism for its labor practices and failure to enforce intellectual property laws.

Persons: Pinduoduo, haven’t Locations: Temu, China, United States, U.S

☆ Hong Kong’s biggest stock is ready for a turnaround, analysts say
▼ + stars: | 2024-04-21 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

The firm is overweight on Tencent shares, with a price target of 400 Hong Kong dollars ($51). Also helping analysts' optimism on the stock are Tencent's share buybacks. HSBC has a buy rating on Tencent, with a target price of 385 Hong Kong dollars. Pan said that low liquidity in Hong Kong has also affected share prices in that market, but he hopes that can improve with a new CEO. The Hong Kong exchange's co-COO Bonnie Chan is set to become head of the business in late May.

Persons: Morgan Stanley, Gary Yu, Morgan Stanley's Yu, Tencent, Prosus, Charlene Liu, HSBC's, Grant Pan, Noah Holdings, Pan, Hong Kong exchange's, Bonnie Chan, — CNBC's Michael Bloom Organizations: Hong, Jefferies, Naspers, Internet, Gaming Research, HSBC Locations: Hong, Hong Kong, Asia, Japan, Netherlands, Tencent, 1Q24, Asia Pacific, HKD500m, China

☆ The Port of Baltimore was humming along as it handled a record level of cargo in 2023. The collapse of the Key Bridge changed everything.
▼ + stars: | 2024-04-16 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

In 2023, the Port of Baltimore handled a record 52.3 million tons of international cargo valued at nearly $81 billion. But on March 26, the Francis Scott Key Bridge collapsed after the container vessel Dali struck the bridge and sent the 47-year-old structure into the Patapsco River. Moore recently spoke with Business Insider about the collapse of the Key Bridge and the economic impacts of the port's closure. Wes Moore: The port is the largest in the country when it comes to heavy trucks and agricultural equipment. The Key Bridge was a key artery in this region.

Persons: —, Francis Scott Key, Dali, Wes Moore, Moore, John L, Dorman, Joe Biden, Julia Nikhinson, It's, Jerry Jackson, we've, You've, Baltimore Mayor Brandon Scott, We're, Biden, I'm Organizations: Service, Business, US Army Corps of Engineers, Maryland Democratic Gov, Gov, Maryland Gov, AP, Port, Federal, Baltimore Sun, Tribune, Getty, Baltimore Mayor, WM Locations: Port of Baltimore, United States, Port, Baltimore, Patapsco, Ohio, Tennessee, Michigan, United, It's

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