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Here's an update on technology-related holdings in Jim Cramer's Charitable Trust, the portfolio we use at the CNBC Investing Club. Jim ran through the 35 stocks during the Club's inaugural Annual Meeting, an in-person event Saturday in New York City. Big picture, we think AMD shares will continue to increase in value as its leadership over Intel is further cemented. But sentiment is improving, with AMD shares climbing around 21% year to date. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. That means that it's finally safe to start buying stocks after mostly trimming our positions as of late. 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.
Google said the new DOJ case, filed jointly with eight states last month, which also alleges advertising-related abuses, overlaps with multidistrict litigation in New York that formed in 2021. Google has disputed the claims in the new lawsuit, saying it "duplicates an unfounded" one that Texas filed and now is part of the New York litigation. "They just want DOJ versus Google, nobody else," Vladeck said. Fox also said there is a new federal law that gives state plaintiffs their preference for venue in antitrust litigation. The case is In re Google Digital Advertising Antitrust Litigation, U.S. District Court, Southern District of New York, 1:21-md-03010-PKC.
[1/2] A Google LLC logo is seen at the Google offices in the Chelsea section of New York City, U.S., January 20, 2023. REUTERS/Shannon StapletonCompanies Google Inc FollowAlphabet Inc FollowWASHINGTON, Jan 25 (Reuters) - U.S. District Judge Leonie Brinkema, one of the judges who stayed then-President Donald Trump's executive order restricting immigration into the United States, has been named to oversee the Justice Department's antitrust lawsuit against Alphabet Inc's (GOOGL.O) Google over its alleged abuse of dominance in online advertising technology. read moreAccording to a filing to the docket late Tuesday, Brinkema, 78 and whose court is in Alexandria, Virginia, near Washington, was assigned to oversee the case. It is the second antitrust lawsuit filed by the department, with the first coming near the end of the Trump administration in 2020. In addition to putting a stay on Trump's executive order, Brinkema, who was nominated by President Bill Clinton, also oversaw the trial of Sept. 11 conspirator Zacarias Moussaoui, who is now in a maximum security prison in Colorado.
Amazon quietly donated $400,000 to a conservative nonprofit last year as the group pushed back on antitrust bills being considered in Congress, according to documents reviewed by CNBC. The donation is tied for the second-highest contribution listed on the documents showing last year's top donors to the conservative nonprofit. She wrote, "antitrust efforts such as this bill, are not protecting consumers, but reducing their choices and driving up prices." The Independent Women's Forum was also among 30 organizations that co-signed an Oct. 2021 open letter to Senate lawmakers pushing back on antitrust legislation. We have highlighted our concerns about big tech censorship and publicly criticized what we see as censorship of conservative views.
[1/2] Golf - The Masters - Augusta National Golf Club - Augusta, Georgia, U.S. - April 6, 2021 General view of Jordan Spieth of the U.S. on the 16th green during a practice round REUTERS/Mike SegarWASHINGTON, Oct 26 (Reuters) - The Augusta National Golf Club, the PGA Tour and the U.S. Golf Association are included in the U.S. Justice Department's antitrust investigation into professional golf, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. Phil Mickelson and 10 other golfers sued the PGA Tour in early August over its decision to suspend them for playing on the new Saudi Arabia-backed LIV Golf circuit. LIV Golf has joined a handful of its players in their antitrust lawsuit against the PGA Tour, according to an amended complaint that showed four golfers have now removed their names. The Augusta National, which hosts the Masters golf tournament each spring, has produced documents for the Justice Department probe, these people said.
The Justice Department's antitrust investigation of the PGA Tour's actions against the upstart LIV Golf league has also ensnared the Augusta National Golf Club and the United States Golf Association. The managing director of LIV Golf, Majed Al Sorour, had warned that LIV would start its own majors, but later walked back the comment on Twitter. Mickelson, meanwhile, told Sports Illustrated that he "wholeheartedly" expects to play at the Masters despite his LIV Golf affiliation. Both the PGA Tour and LIV Golf have been lobbying in Washington D.C. to state their case against the other. LIV Golf also filed its own antitrust suit against the PGA Tour in September, and the tour subsequently countersued, alleging that LIV Golf was anticompetitive because of its restrictive player contracts.
WASHINGTON, Oct 19 (Reuters) - Seven directors on the boards of five companies have resigned because of the U.S. Justice Department's concerns over the directors holding similar board positions at rival companies, the department said on Wednesday. Two others representing Thoma Bravo on the SolarWinds board also resigned, the department said. SolarWinds said in a legal filing dated Oct. 14 that the three board members had decided to resign after receiving a letter from the Justice Department alleging that their board service broke antitrust law. A spokesperson for Udemy said a director stepped down on Sept. 23 because of U.S. Justice Department concerns. Directors also resigned from the board of Definitive Healthcare (DH.O), Redwire Corp (RDW.N) and CTS Corp (CTS.N) because they were on the boards of competing companies, the department said.
WASHINGTON, Sept 28 (Reuters) - The U.S. House of Representatives is scheduled to vote late Wednesday on a bill that would update fees companies pay for merger reviews and strengthen state attorneys general in antitrust fights, according to Majority Leader Steny Hoyer's office. The bill combines measures introduced by Representative Joe Neguse, a Democrat, and Representative Ken Buck, a Republican,It would allow state attorneys general to choose which court they want to hear antitrust cases. The measure also lowers the fees paid for antitrust reviews of smaller deals. The reviews are conducted by the U.S. Justice Department's Antitrust Division and the Federal Trade Commission. The Senate has passed a bill giving state attorneys general the right to pick the venue for antitrust fights but has not passed a bill to update merger filing fees.
Take a look at some of the biggest movers in the premarket:Ford (F) – The automaker's stock fell 4.5% in the premarket after it warned that quarterly earnings would take a hit of about $1 billion from increased supplier costs and parts shortages. BioNTech fell 2.4% in premarket trading, with Moderna off by 2.1%. Cognex (CGNX) – Cognex shares jumped 4.7% in the premarket after the maker of machine vision systems and sensors raised its current-quarter revenue outlook. Western Digital (WDC) – The disk drive maker's shares fell 1.7% in the premarket following a downgrade by Deutsche Bank to "hold" from "buy." Deutsche Bank said the company's profit and revenue appear to be coming in at the low end of guidance due to deteriorating demand.
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