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CNN —Thirty-five rail cars of a train derailed in New Mexico Friday afternoon, prompting evacuations and forcing a 50-mile stretch of Interstate 40 to close. McKinley County Fire & Rescue was dispatched around 12:40 p.m. Friday after the train derailed and caught fire off Interstate 40 near the state line. Six of the derailed train cars were carrying propane, according to BNSF Railway. There is currently “no projected end to this closure,” said New Mexico State Police on Facebook. “I am deeply concerned about the train derailment along the Arizona-New Mexico border and am monitoring the situation closely,” Hobbs wrote.
Persons: , Transportation Pete Buttigieg, Katie Hobbs, ” Hobbs, , Buttigieg Organizations: CNN, Fire, Rescue, BNSF Railway, New Mexico State Police, Facebook, National Transportation Safety, NTSB, Unified Command, Transportation, Tribal, , New Locations: New Mexico, McKinley, Arizona, ” Arizona, New Mexican, State of Arizona
CNBC Pro used its stock screener tool to identify the most overbought and oversold stocks on Wall Street as measured by their 14-day relative strength index, or RSI. Stocks with a 14-day RSI above 70 are said to be overbought, indicating that shares might soon turn lower. On Thursday, the technology giant posted a first-quarter earnings and revenue beat as its Google Cloud and YouTube advertising revenue outpaced expectations. On the other hand, Ulta Beauty , with an RSI of 21, is one of the most oversold stocks on Wall Street. IBM stock slipped this week after the company posted better-than-expected first-quarter earnings but missed on revenue.
Persons: Jefferies, Ashley Helgans, J.B, Fred Imbert Organizations: Microsoft, CNBC Pro, Google, Hasbro, Hunt Transport Services, Tech, International, Machines, IBM
Rogelio Villarreal knew nothing about the French jeweler Cartier, he said, when an ad popped up on his Instagram feed last December. He clicked on it, perusing the pages of bling and other luxury items, including handbags, watches and necklaces, each listed for thousands of dollars. Then Mr. Villareal, who lives in Mexico, noticed a pair of earrings: slender studded 18-carat rose-gold cuffs lined with diamonds, priced at just 237 Mexican pesos, or about $13. He bought two pairs. Later, the price for the earrings was adjusted on the Cartier website to 237,000 pesos — more than $13,000.
Persons: Rogelio Villarreal, Cartier, Villareal, Organizations: Cartier Locations: Mexico, Tamaulipas, Mexican
The Times Square Red Lobster will be offering free all-you-can-eat lobster to a select few customers on March 28. Beleaguered seafood chain Red Lobster is seeking a buyer as it looks to avoid filing for bankruptcy, CNBC has learned. Red Lobster could secure a buyer, it could declare bankruptcy or its lenders could take control of the company. This year marks the 10-year anniversary of Darden Restaurants' sale of Red Lobster after investors pushed the company to divest. As a result, Red Lobster reported $11 million in losses in the fiscal third quarter and $12.5 million in losses the following quarter.
Persons: it's, Jonathan Tibus, Alvarez, Lobster, Kim Lopdrup, Kelli Valade, Horace Dawson, Red Organizations: Times, CNBC, Bloomberg, Red Lobster, Darden Restaurants, Golden Gate Capital, Thai Union Group, Red, Seafood Alliance Locations: Golden
CNBC's Jim Cramer on Thursday said companies that perpetually generate "self-help" are poised to do well in this market. In other words, they find ways to grow and perform well despite what might be happening in the broader economy. "When we're looking for reasons to buy a stock in this environment, we want companies that generate constant self-help. This kind of "self-help" may be the "antidote" to the big-picture worries weighing on the market, Cramer said. "It takes a special kind of stock to do well when the economy's slowing while inflation just won't quit," he said.
Persons: CNBC's Jim Cramer, that's, Chipotle, Thursday's, Cramer
There’s History in These Cheese Pulls
  + stars: | 2024-04-25 | by ( Christina Morales | ) www.nytimes.com   time to read: 1 min
Queso fundido is a staple at many Mexican and Tex-Mex restaurants, but it has deeper roots as an essential appetizer during carne asadas. Credit... Kelly Marshall for The New York Times. Food Stylist: Samantha Seneviratne.
Persons: carne asadas, Kelly Marshall, Samantha Seneviratne Organizations: The New York Times Locations: carne asadas .
Honeywell posted adjusted earnings per share of $2.25, beating analysts' estimates of $2.17 per share, per LSEG. Revenue for the quarter also came in better-than-expected at $9.11 billion, compared to the $9.03 billion analysts were expecting. ServiceNow — The digital workflow firm slid 5% after it only narrowly beat analysts' revenue expectations in the first quarter. ServiceNow posted revenue of $2.6 billion, slightly higher than the $2.59 billion analysts polled by LSEG had anticipated. Caterpillar — Shares tumbled 6.5% after revenues of $15.8 billion for the most recent quarter missed analysts' estimates of $16.04 billion, according to LSEG.
Persons: Goldman Sachs, Mark Zuckerberg, ServiceNow, LSEG, , Alex Harring, Brian Evans, Samantha Subin, Yun Li, Lisa Kailai Han, Pia Singh, Michelle Fox Organizations: Facebook, Meta, Tech, Microsoft, Beverage, JPMorgan, Monster Beverage, Honeywell —, Honeywell, Revenue, Merck, Co, LSEG, — Bank of America, Southwest Airlines —, Management, StreetAccount, Machines, IBM, Bank of America, Caterpillar, Nvidia —, Nvidia, Comcast, Deutsche Bank — U.S, Deutsche Bank, CNBC Locations: NBCUniversal
However, first-quarter earnings and revenue both came above analysts' estimates. Honeywell — The industrial stock rose 2.2% in premarket trading after the company posted earnings per share of $2.25, beating LSEG analysts' estimates of $2.17. Revenue for the quarter came in at $9.11 billion, compared to the $9.03 billion analysts were expecting. Analysts surveyed by LSEG forecast $1.88 in earnings per share and $15.20 billion in revenue. ServiceNow — The workflow management company shed 4% after narrowly beating analysts' revenue expectations in the first quarter.
Persons: Merck, LSEG, ServiceNow, , Macheel, Samantha Subin, Jesse Pound, Pia Singh, Alex Harring Organizations: Facebook, Honeywell, Merck, Southwest Airlines, American Airlines, LSEG, StreetAccount, IBM, Caterpillar, Deutsche Bank — U.S, Deutsche Bank, Comcast, Technology, Revenue, CNBC Locations: NBCUniversal
Chipotle Mexican Grill on Wednesday reported quarterly earnings and revenue that beat analysts' expectations, fueled by higher traffic to its restaurants. Excluding a 36-cent hit from increases to its legal reserves, the burrito chain earned $13.37 per share. Chipotle said traffic increased 5.4% from the year-ago period, while the average check was up just 1.6%. Chipotle has become the rare restaurant chain to report rising transactions despite higher menu prices. In March, Chipotle's board approved a 50-for-1 stock split, one of the largest in the New York Stock Exchange's history.
Persons: Chipotle, Jack Hartung, Brian Niccol, Chipotle's Organizations: LSEG, burrito, New York Stock Locations: Manhattan , New York, California
Chipotle Mexican Grill is abandoning its Farmesa Fresh Eatery spinoff after partner Kitchen United closed its ghost kitchens. A little over a year ago, Chipotle announced the opening of its first Farmesa location at Kitchen United's Santa Monica location. But the Santa Monica ghost kitchen closed in February as its parent company struggled financially. In November, Kitchen United announced plans to close or sell all of its locations as it pivoted into software. But once customers started returning to dining in person and capital grew more expensive, many ghost kitchen startups like Kitchen United found themselves in trouble.
Persons: Chipotle, Curt Garner, Brian Niccol, it's, Chipotle's, Sam Nazarian Organizations: United, CNBC, Kitchen United Locations: Monica, Santa Monica, U.S
Ford Motor — The automobile stock rose 2% after posting a first-quarter adjusted earnings beat and raising its adjusted free cash flow outlook for 2024. On the other hand, Ford's first-quarter revenue came in below expectations. First-quarter revenue of $14.46 billion missed consensus estimates of $14.55 billion, LSEG said. Chipotle earned $13.37 per share, excluding items, outpacing the $11.68 per share LSEG estimate, as traffic to its restaurants was robust. United Rentals — The equipment rental company added 2.4% after posting a first-quarter adjusted earnings and revenue beat.
Persons: LSEG, Ford's, Ethan Allen, Ethan Allen's, Chipotle, Lam, ServiceNow, , Christina Cheddar, Berk, Darla Mercado, Scott Schnipper Organizations: Technology, Facebook, Meta, Ford, Machines, IBM, Whirlpool, Research, Lam Research, Revenue, Churchill, United Rentals
3-Stock Lunch: TXN, BIIB & CMG
  + stars: | 2024-04-24 | 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 Email3-Stock Lunch: TXN, BIIB & CMGJerry Castellini, Castle Ark co-founder, joins ‘Power Lunch’ to discuss plays for three stocks including: Texas Instruments, Biogen and Chipotle Mexican.
Persons: Jerry Castellini Organizations: BIIB, Texas
Matty Healy and Gabbriette Bechtel were first linked in September 2023. Bechtel told Vogue that as a child, she wanted to become a professional ballerina, but ended up dancing in music videos when she moved to Los Angeles. According to Vogue, Bechtel has appeared in a variety of campaigns for brands including Heaven By Marc Jacobs and Skims. Healy and Bechtel were first linked in New York in 2023In September 2023, People published photos of Healy and Bechtel kissing in SoHo in New York City. Bechtel alluded to her relationship with Healy in the March interview with Highsnobiety, saying that she wasn't bothered by the attention.
Persons: Matty Healy, Gabbriette Bechtel, Bechtel, Charli XCX, , Taylor Swift's, Callie Ahlgrim, Swift, Healy, Joe Alwyn, Travis Kelce, Highsnobiety, Gabriella, Marc Jacobs, Skims, we'd, Chloe Chaidez, Nasty Cherry, Lorne Thomson, Redferns Bechtel, Cherry hasn't, " Healy, Charli, haven't, Healy's, Denise Welch, Welch, Louis Organizations: Service, Poets Department, Business, Kansas City Chiefs, Vogue, Netflix, Bechtel, Instagram Locations: Orange County , California, Los Angeles, New York, SoHo, New York City, Charli XCX
CNN —Mexican authorities have detained the brother of the drug kingpin known as “el Mencho,” a federal source with knowledge of the case told CNN Monday. His brother, Nemesio Oseguera-Cervantes, is the leader of the Jalisco New Generation Cartel. President Andres Manuel Lopez Obrador confirmed the arrest early Monday and said the government would provide more information later in the day. “El Mencho” is wanted by US authorities, who have offered a reward of up to $10 million for information on his whereabouts. In the past, the Mexican government has labelled the Jalisco New Generation Cartel as one of the most dangerous cartels in the country.
Persons: el, Abraham Oseguera –, “ Don Rondo ” –, Nemesio Oseguera, Cervantes, Andres Manuel Lopez Obrador, Oseguera, El Organizations: CNN, General’s, Jalisco New, Cartel, US Locations: , Michoacán, Jalisco
CNN —Early results from Ecuador’s referendum suggest President Daniel Noboa has won public backing for security measures aimed at boosting his war on crime. And the good news for Noboa was compounded Monday when police announced they had arrested a notorious alleged gang leader. Both those proposals would require modifying Ecuador’s Constitution, which currently forbids the extradition of Ecuadorians under any circumstances. Gang leader arrestedIn another boost for Noboa, police said in a post on X that they had arrested notorious alleged gang leader Fabricio Colon Pico on Monday morning. Thirty-eight other inmates had escaped along with Colon Pico, of which 12 have since been recaptured, Ecuador’s penitentiary service told CNN.
Persons: Daniel Noboa, Noboa, , Guillermo Lasso, Fabricio Colon Pico, Colon Pico, Diana Salazar, Colon Pico’s jailbreak, – José Adolfo Macías, Choneros – Organizations: CNN, National Electoral Council, National Assembly, Noboa, Los Lobos Locations: Ecuadorians, Quito, Ecuadorian, Riobamba
When the Mexican Pizza returned to Taco Bell in May 2022, it started selling out everywhere. Dolly Parton was happy to record a video message just for the staff to boost morale. AdvertisementWhen the Mexican Pizza finally returned to Taco Bell, the demand was intense. The beloved menu item returned in May 2022 but immediately started selling out in stores — leaving employees to deal with upset customers. This story is available exclusively to Business Insider subscribers.
Persons: Dolly Parton, , Taco Bell, Taco, Taylor Montgomery Organizations: Mexican Pizza, Taco Bell, Taco Bell's, Service, Taco, Business Locations: Mexican
Tesla is set to report earnings after the bell. What history shows: Bespoke data shows Tesla beats earnings estimates 63% of the time. What history shows: Boeing shares have risen in four of the past five earnings days, Bespoke data shows. Meta Platforms is set to report earnings after the closing bell. What history shows: Microsoft earnings have beaten earnings estimates in six straight quarters, Bespoke data shows.
Persons: Michael Wayland, FactSet, Tesla, TSLA, Emmanuel Rosner, Dave Calhoun, Peter Saleh, Saleh, Chipotle, Morgan Stanley's, Ford, Jim Farley's, Ronald Josey, Jordan Novet Organizations: General Motors, CNBC, Tuesday, GM, Wall, Motors, Investment, Deutsche Bank, EV, Boeing, Ford, Management, Ford Motor, Detroit, Investors, Citi, Meta, Bloomberg News, Apple, Microsoft Locations: California
Lourdes Portillo, an Oscar-nominated Mexican-born documentary filmmaker whose work explored Latin American social issues, died on Saturday at her home in San Francisco. Her death was confirmed by her friend Soco Aguilar. One of Ms. Portillo’s best-known works is her 1994 documentary “The Devil Never Sleeps,” a murder-mystery in which she investigates the strange death of her multimillionaire uncle, whose widow claimed he had died of a self-inflicted gunshot wound. In 2020, the Library of Congress selected the film for the National Film Registry. The documentary had the tenor of a telenovela and presented open questions about Mr. Ruiz Almeida’s mysterious life and death and the people who could have had a motive for the murder.
Persons: Lourdes Portillo, Oscar, Soco Aguilar, Portillo’s, , Oscar Ruiz Almeida, ” Stephen Holden, Ruiz Almeida’s Organizations: of Congress, National Film Registry, Times Locations: Mexican, San Francisco, United States
Ecuadoreans will vote on Sunday in a referendum that could give their center-right president greater powers to combat drug-related gang violence and also gauge how he would fare in his bid for re-election next year. President Daniel Noboa, the 36-year-old heir to a banana empire, took office in November after an election season focused on drug-related gang violence, which has surged over the past five years to levels not seen in decades. In January, he declared an “internal armed conflict” and directed the military to “neutralize” the country’s roughly two dozen gangs, which the government labeled “terrorist organizations.” The drastic move allowed soldiers to patrol the streets and prisons, many of which have come under gang control. Two weeks ago, Mr. Noboa took the extraordinary step of arresting an Ecuadorean politician facing a prison sentence who had taken refuge at the Mexican Embassy in Quito, in what experts called a violation of an international treaty on the sanctity of diplomatic posts. The move drew widespread condemnation across the region.
Persons: Ecuadoreans, Daniel Noboa, Noboa Locations: Mexican, Quito
It was a tough, choppy week for stocks, but the oversold market gave us many opportunities to put some of our cash to work selectively. Club Director of Portfolio Analysis Jeff Marks said Friday, "We're still waiting for that truly ugly open before stepping up our buys." The PC market is embarking on an upgrade and replacement cycle, which should usher more demand for Best Buy's offerings. BBY YTD mountain Best Buy YTD Tuesday Tuesday was our busiest for trades, with adds to three companies: Oil and natural gas producer Coterra Energy , Mexican beer king Constellation Brands and Best Buy. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Jeff Marks, We're, Jim Cramer's, Wednesday Abbott, Abbott, Estee Lauder, Fabrizio Freda, Lauder, ABT, Jim Cramer, Jim, Brendan Mcdermid Organizations: Federal Reserve, Jim Cramer's Charitable Trust, CNBC, Club, Coterra Energy, Constellation Brands, Coterra, Hamas, Constellation, Wednesday, Abbott Laboratories, Traders, New York Stock Exchange Locations: Here's, Iran, Israel, Ukraine
The referendum will ask 11 questions, five that will modify the Constitution if approved and six that are advisory. More than 13 million of Ecuador’s population of nearly 18 million are eligible to vote – and in Ecuador, voting is obligatory. “We require urgent reforms that allow us to protect our security,” Noboa told a military event in March. In response to the escape, the government deployed more than 3,000 police officers and members of the armed forces to find Fito. The referendum has met opposition among some groups who claim the matters can be dealt with in the National Assembly.
Persons: Daniel Noboa, , he’s, ” Noboa, John Moore, Guillermo Lasso, Fernando Villavicencio, Adolfo Macias, Noboa, , CNN’s Christiana Amanpour, Jorge Glas, Glas, Karen Toro Organizations: CNN, National Police, Armed Forces, Ecuadorian National Police, United Nations, Reuters, National Assembly Locations: Quito, Ecuadorian, Ecuador, Ecuadorians, Guayaquil, , Peru, Colombia, United States, Europe, Mexico, Mexican
The Nasdaq sank 2% on Friday as Netflix dropped nearly 11% post-earnings and Club stock Nvidia fell 10%, entering bear market territory but still up more than 50% in 2024. Following a much stronger-than-expected March retail sales report last month, fresh economic data and six Club stock earnings will take center stage in the week ahead. While lower rates may help stock multiples, that is not a sustainable path to higher equity prices over time. Earnings : The latest quarterly reporting season is starting to ramp into high gear with six Club names set to report next week. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Dow, Jerome Powell, Jim Cramer, Mark, Meta, Bing, Ford, Vimal, Lockheed Martin, Clark, Philip Morris, Sherwin, Williams, Baker Hughes, Lam, Northrop, Dr Pepper, CARR, Edwards Lifesciences, Jim Cramer's, Jim, Michael M Organizations: Nasdaq, Netflix, Nvidia, Dow Jones, Federal, Fed, Hamas, Gross, Google, Reality Labs, General Motors, Honeywell, Microsoft, Verizon Communications, Albertsons Companies, SAP, Cadence Design Systems, United Parcel Service, General Electric, GE, PepsiCo, Lockheed, Spotify Technology, RTX Corporation, JetBlue Airways, Halliburton, HAL, Philip Morris International, Quest Diagnostics, Texas Instruments, Seagate Technology, Mattel, Veralto Corporation, Boeing, General Dynamics, Boston, Hilton, Fisher, Otis Worldwide, IBM, Grill, Viking Therapeutics, Lam Research, Whirlpool, WM, Honeywell International, Royal Caribbean Cruises, American Airlines, Altria, Newmont, Caterpillar, Southwest Airlines, Myers Squibb, AstraZeneca, Mobileye, Northrop Grumman, CNBC, Comcast, Merck, Dow Inc, Carrier Global, Union Pacific, Intel, Western, Mobile, L3Harris Technologies, Exxon Mobil, Chevron, Colgate, Palmolive, HCA Healthcare, Charter Communications, Newell Brands, Jim Cramer's Charitable, Traders, New York Stock Exchange, Santiago, Getty Locations: Israel, Iran, Ukraine, destocking, China, Cleveland, Freeport, McMoRan, Kimberly, Masco, Bristol, New York City
Andrew Wilson admitted to shining a laser at aircraft in two incidents back in 2022. Wilson was sentenced to four months in prison last Thursday. AdvertisementA 53-year-old man was sentenced to four months in prison after shining a laser at a passenger jet. Jason Marshalsea, the police officer in charge of the case, said: "Shining a laser beam at an aircraft is dangerous and irresponsible and could result in catastrophic consequences." AdvertisementIncidents involving lasers and planes have been on the rise in recent years, despite pleas from authorities for people to stop shining lasers at aircraft.
Persons: Andrew Wilson, Wilson, , VCeFFXnIUG, Jason Marshalsea Organizations: Service, Airbus, Bristol Airport, Taunton Crown, Sky, Federal Aviation Administration, Delta Air Lines Locations: Somerset, England, Martock , Somerset, Taunton, New York, Mexican
The Big Tech earnings next week could revive a flagging market, or at least give investors direction into where stocks are going from here. Wall Street is hoping next week's megacap tech results will give investors insight into where the artificial intelligence trade is going from here, as a bounce in tech could lift the indexes. They're also hoping a slew consumer commentary will give investors insight into the state of the economy. However, he said any pullback in the tech names could give investors an opening to start "nibbling away" at additional exposure. Personal Income 10 a.m. Michigan Sentiment NSA final Earnings: T. Rowe Price Group , Colgate-Palmolive , Exxon Mobil , Chevron , AbbVie , Phillips 66
Persons: Tesla, They're, Kim Forrest, Elon Musk, Emily Leveille, Scott Ladner, Ladner, Horizon's Ladner, FactSet, Baker Hughes, Philip Morris, Lockheed Martin, Raymond James Financial, Rowe Price, Phillips Organizations: Big Tech, Google, Microsoft, Bokeh, Nasdaq, Investors, Deutsche Bank, Reuters, Thornburg Investment Management, Meta, Consumer, Visa, Chicago, Verizon Communications, Ameriprise, Truist, PMI, New, Richmond Fed, Enphase, Tesla, NextEra, Philip Morris International, Halliburton, United Parcel Service, PepsiCo, Lockheed, Raytheon Technologies, GE Aerospace, Grill, Business Machines, Lam Research, Ford Motor, Technology, Waste Management, Universal Health Services, Raymond, Boeing, Hilton Worldwide Holdings, . Kansas City Fed Manufacturing, Mobile, Capital, Financial Corp, Intel, Western Digital, Comcast, American Airlines Group, Southwest Airlines, Valero Energy, Caterpillar, Tractor Supply, Royal Caribbean Group, GE, PCE, NSA, Rowe Price Group, Colgate, Palmolive, Exxon Mobil, Chevron Locations: China, Europe, U.S, NextEra Energy, Freeport, McMoRan, . Kansas, Michigan, AbbVie
Chadwick Burnaw, the owner of an event company, hosted the Sazón Latin Food Festival in Austin. This article is part of "Festivals of Flavor," a series celebrating Latin festival cuisines. Festivalgoers danced to music at the Sazón Latin Food Festival in March. Cat Cardenas for BIHe'd scope out San Francisco's nightlife scene, looking for clubs that would play the merengue and bachata music he was familiar with. They served Jamaican-Latin fusion dishes alongside their kids at the Sazón Latin Food Festival.
Persons: Chadwick Burnaw, , he'd, Burnaw, Festivalgoers, Cat Cardenas, Cardenas, Chris Burrell, Yadira, we'd, Burrell, . Cat Cardenas, they've, Tatiana French, Dejean, Mix'T, they'd, pico de gallo, it's, she's, there's Organizations: Service, Washington, Food, San Francisco State University, BI, City, aguas, Honduran, sos pwa Locations: Austin, South Austin, Caribbean, DC, San Francisco, Texas, California, Bay, America, Haiti, Dominican Republic, Samba, Clarendon, Jamaica, Honduras, ., Puerto Rican, Costa Rican, Virginia, French, Haitian, East Austin
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