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Read previewA few weeks after Red Lobster filed for bankruptcy, I visited the chain's Times Square location to try its now-infamous Endless Shrimp promotion for the first time. Red Lobster's Endless Shrimp has quite the reputation. Customers were pleased with the deal, so in the summer of 2023, Endless Shrimp became available every day of the week. In the two quarters following the initial launch of the daily endless shrimp promotion, Red Lobster reported operating losses of $11 million and $12.5 million . However, Endless shrimp isn't the only factor that led to the fall of Red Lobster.
Persons: , I've, it's, Ludovic Garnier, Garnier, Emily Stewart Organizations: Service, Red, chain's, Business, Customers, Lobster, Thai Union Group, Lobster's Locations: New York City
The acclaimed actor Wendell Pierce says his rental application for an apartment in Harlem was denied by a white landlord, and he believes racism is the reason. Mr. Pierce, who is Black, shared his experience on X in a post on Monday night that quickly garnered thousands of comments and shares. In the post, he described his “righteous anger” and said that “Even with my proof of employment, bank statements and real estate holdings, a white apartment owner DENIED my application to rent the apartment.” The apartment was, Mr. Pierce wrote, “in Harlem, of all places.”“Racism and bigots are real,” he continued. “There are those who will do anything to destroy life’s journey for Black folks. When you deny our personal experiences, you are as vile and despicable.”
Persons: Wendell Pierce, Pierce, , Locations: Harlem
Novak Djokovic out of French Open with knee injury
  + stars: | 2024-06-04 | by ( Matthew Futterman | ) www.nytimes.com   time to read: +4 min
World No 1 Novak Djokovic has withdrawn from the French Open with a knee injury sustained in his round of 16 win against Argentine 23rd seed Francisco Cerundolo. Although Djokovic was able to get through on painkillers and adrenaline, the extent of the problem is too great for him to continue. If Djokovic chooses to undergo surgery on the tear, he would likely miss not just Wimbledon, which begins on July 1, but also the Olympic Games and US Open later this summer. Djokovic said Monday night, after another of his miraculous comebacks, that he had been experiencing pain in his right knee for several weeks. As of Tuesday evening in Paris, there was no decision yet on whether Djokovic would undergo surgery to repair the meniscus.
Persons: Novak Djokovic, Francisco Cerundolo, Roland Garros, , Casper Ruud, Djokovic, Ruud, Alex de Minaur, Alexander Zverev, Matthew Futterman, hasn’t, He’s, He’d Organizations: Argentine, French Tennis Federation, Norwegian, Olympic Games, Athletic, Wimbledon Locations: Serbian, Paris
Pavlo Gonchar | Lightrocket | Getty ImagesAlmost five years ago, GameStop champion Keith Gill revealed a $53,000 bet in his favorite video game retailer. By the end of the jaw-dropping episode in April 2021, Gill exercised his call options position to have 200,000 common shares. Put another way: If the stock closes above $20 that day, Gill could exercise the options at $20 apiece, leaving him owning an additional 12 million shares. A total of 17 million shares would make him the fourth-biggest shareholder in GameStop, coming in behind Vanguard, BlackRock and Ryan Cohen's RC Ventures, according to FactSet. Zoom In Icon Arrows pointing outwardsThe notional value, if exercised, would be $240 million worth of stock bought at $20.
Persons: Keith Gill, Pavlo Gonchar, Gill, Michael Khouw, Khouw, Morgan Stanley's, Ryan Cohen's Organizations: GameStop, Lightrocket, Street Journal, CNBC, Vanguard, BlackRock, Ryan Cohen's RC Ventures
Where does the story pick up this season on HBO’s fantasy epic “House of the Dragon”? “So,” the actor Tom Glynn-Carney told a reporter on Monday night at the Season 2 premiere at Manhattan’s Hammerstein Ballroom, everything “hits the fan.”His character in the “Game of Thrones” prequel, the newly crowned King Aegon II Targaryen, holds a grip on the throne that is tenuous at best. His brother has just killed their nephew in what could best be described as death by dragon chomp. And his sister Queen Rhaenyra Targaryen is on the brink of going nuclear — as Targaryens tend to do — likely with more dragon chomping. Even as Mr. Glynn-Carney, Matt Smith and other “Dragon” actors laid out the violence in store for the new season — which returns June 16 — the show’s impending civil war stood in stark contrast to the evening’s cocktails and joviality, with not a single silvery wig in sight.
Persons: Tom Glynn, Carney, Manhattan’s, Rhaenyra Targaryen, Glynn, Matt Smith Organizations: King Aegon
Liberal TV viewers have a new mantra: T.G.I.M.! Monday nights have suddenly broken out in the Nielsen ratings — and in national relevance — thanks to a rare confluence: two TV superstars of the political left who have limited their regularly scheduled broadcasts to that one evening. In a frazzled media age, their once-a-week programs have become something close to appointment viewing. Ms. Maddow’s Monday program is far and away the highest-rated hour of MSNBC’s entire week. Mr. Stewart’s “Daily Show” significantly outdraws the other weeknight editions of the show, and has proved to be a rare breakout hit for Comedy Central.
Persons: Jon Stewart, Rachel Maddow, Maddow’s, Stewart’s Organizations: Liberal, Nielsen, Comedy Central
Four men were able to escape from Tangipahoa Parish Jail in Louisiana this weekend because of an eight-inch gap and a lack of oversight at the facility, the authorities said. Jimmy Travis, the chief of operations for the Tangipahoa Parish Sheriff’s office, blamed structural issues and a lack of oversight by the jail staff in a news conference on Monday. The four men escaped after they evaded correction officers during recreation time in the yard and hid out until darkness, according to a Facebook statement from the Tangipahoa Parish sheriff, Daniel Edwards. The men escaped in pairs, Mr. Travis said. On Sunday, two other inmates — Omarion Hookfin, 19, and Jamarcus Cyprian, 20 — copied that route for their escape.
Persons: Jimmy Travis, Daniel Edwards, Travis, Avery Guidry, Travon Johnson, , — Omarion, Jamarcus Cyprian Locations: Tangipahoa Parish, Louisiana, Tangipahoa
Traders work on the floor of the New York Stock exchange during morning trading on May 17, 2024. Stock futures advanced Monday night as investors await inflation data due at the end of the shortened trading week for a better picture of the market's outlook. S&P futures gained 0.1%, while Nasdaq 100 futures edged up 0.2%. Recently, however, stronger economic data and fresher concerns about a potential consumer spending pullback have dampened the interest rate outlook. Looking ahead to this week, investors are watching for consumer confidence data out Tuesday and the April personal income and expenditures report, which includes the PCE inflation reading, out Friday.
Organizations: New York Stock, Stock, Dow Jones, Nasdaq, Costco Wholesale
The seatbelt sign came on moments after the plane started shaking, but, for some, it was too late. “Whoever wasn’t buckled down, they were just launched into the air within the cabin,” said Dzafran Azmir, who was among the 211 passengers on board the London-to-Singapore flight that encountered deadly turbulence on Tuesday. Others were families and some who had planned a “holiday of a lifetime” to far-flung destinations like Australia. By this time, the plane had reached the Bay of Bengal, which sits between the Indian subcontinent and the Malay Peninsula in Southeast Asia. Some pilots consider the region “notorious” this time of the year because its monsoon rains can cause turbulence.
Persons: , Dzafran Azmir, SQ321 Organizations: Singapore Airlines Boeing Locations: Singapore, England, Australia, Bengal, Malay, Southeast Asia
AdvertisementThe first-ever criminal trial of a former American president is now nearing its end after several weeks of witness testimony. Related storiesIn some of those hallway appearances earlier in the trial, Trump has told reporters that he planned to testify. He told jurors that Cohen told him that Trump didn't know anything about the payments. "If you don't like my ruling, you don't give me side-eye, and you don't roll your eyes," Merchan told Costello before he cleared the room. Trump " wasn't thinking about Melania — this was all about the campaign," Cohen told jurors.
Persons: , Donald Trump, Todd Blanche, Blanche, Juan Merchan, Trump, Robert Costello, Costello, Emil Bove, muttered, Michael Cohen, Cohen, Susan Hoffinger, Merchan, Stormy Daniels, Cohen —, Trump —, Daniels, didn't, Rudy Giuliani, audibly, Judge Juan Merchan, castigates, Elizabeth Williams, Daniel Sitko, Brad Smith, Smith's, Smith, reimbursing Cohen Organizations: Service, GOP, Business, New, Trump, Republican, Manhattan, Attorney's Office, Attorney's, Prosecutors, FBI, AP, Federal, Washington Examiner Locations: New York, American, Manhattan, Trump
CNN —The biggest drama in the trial of former President Donald Trump on Monday came not, as expected, in the cross-examination of former Trump attorney Michael Cohen. His testimony wrapped without any moments approaching the significance of last week’s defense hits on the star witness. Cohen had already admitted that he lied to Costello, and indeed lied more broadly to protect Trump before cooperating with the government. But Cohen has already testified that he lied about Trump’s knowledge of the payment to Daniels before cooperating with prosecutors. It culminated before the lunch break with a bit of razzle- dazzle to bolster Cohen’s testimony about what happened on that phone call with Schiller and Trump.
Persons: Norman Eisen, , Donald Trump, Trump, Michael Cohen, — Robert Costello, Cohen —, audibly, Juan Merchan, Costello, ” Merchan, cautioning, , , ” Costello, Merchan, Norm Eisen, Cohen, chastising Costello, Stormy Daniels, Daniels, Todd Blanche, Blanche, Keith Schiller, Schiller, , Trump’s, , Susan Hoffinger, Perry Mason Organizations: CNN, Monday, Trump, Trump Organization, SPAN, Twitter, Facebook Locations: Trump’s Manhattan, Tampa , Florida
An aerial view of the Tesla Fremont Factory on April 24, 2024 in Fremont, California. A fire broke out at Tesla 's vehicle assembly plant in Fremont, California on Monday afternoon, according to a statement from the Fremont Fire Department, posted on social network X. The Fremont factory is Tesla's first mass EV manufacturing facility. On May 17, 2024 Tesla celebrated a milestone for its Fremont factory in conjunction with their battery factory outside of Reno, Nevada, saying they had surpassed production of 3 million vehicles. Fires at the Fremont factory in the past have sometimes necessitated a pause in production.
Persons: Tesla, Tesla's Fremont Organizations: Tesla Fremont Factory, Fremont Fire Department, Elon, Fremont, Environmental Health, Safety, California Employment, Bay, Air Quality Management, CNBC Locations: Fremont , California, Fremont, Reno , Nevada, California, Tesla's, Alameda County
That’s scary.” If Trump is elected, Jörg is convinced, he would withdraw American troops from Europe and stop aid to Ukraine. Jim Bourg/AFP/Getty ImagesSix months ahead of the vote, this soccer field conversation reflects the German view of the US elections quite well. Kirill Kudryavtsev/AFP/Getty ImagesIt’s an optimistic view, based on the assumption that Trump will act rationally, as a deal-maker, if elected. What if Trump tries to take America out of NATO or creates a “dormant NATO,” a NATO existent only in name? Another Trump presidency would not only put Germany’s security at risk, but also manifest this view of the US for another four years.
Persons: Thomas Ernst Editor’s, Anna Sauerbrey, Read, , , Jörg, Miguel, Donald Trump, , “ Trump, Trump, “ I’m, Piero, Joe Biden, Jim Bourg, Europe’s, Russia “, Olaf Scholz, Michael Kappeler, ” Scholz, mums, Annalena Baerbock, Greg Abbott, Biden, Kirill Kudryavtsev, George H, Bush’s, Barack Obama, Obama, Heinz M, Schahina Gambir, Gambir, Roe, Wade, Bob Parent Organizations: Zeit, Berlin CNN —, Köpenicker FC, CNN, Biden, Trump, Getty, NATO, Republican, European Union, European Central Bank, EU, , Dallas Mavericks, Mavericks, LA Clippers, NBA, Green, Bundestag Locations: Berlin, America, Taiwan, Europe, Ukraine, Italy, AFP, Gaza, Germany, Russia, United States, Trump, Texas, China, Poland, France, Frankfurt, Kabul, New York City, New York
Mr. Trump’s campaign still lags far behind in total cash on hand, the April filings show. Mr. Trump is leading Mr. Biden in many polls, including recent New York Times/Siena College/Philadelphia Inquirer surveys that had the former president ahead in five of six top battleground states. Mr. Trump also continues to spend millions of dollars on legal bills, the filings show. Still, the filings and campaign statements reflect a busy fund-raising month for Mr. Trump. Save America also received $2.75 million in April from a super PAC backing Mr. Trump, Make America Great Again Inc., and $183,000 from a new joint fund-raising committee Mr. Trump has with the Republican Party.
Persons: Donald J, Trump, Biden, Biden’s, Trump’s, Money, Pete Marovich, Julie Chavez Rodriguez, “ We’re, , Crooked Joe Biden, ” Mr, Timothy Mellon, Mellon, Robert F, Kennedy Jr, Kennedy’s, Nicole Shanahan, Kennedy, Shanahan Organizations: Republican Party, Mr, Democratic National Committee, Federal, Biden Trump, Republican, Republican National Committee, Biden, New York Times, Siena College, Philadelphia Inquirer, Radio City Music Hall, Democratic, The New York, Republicans, Trump, America, PAC, Make, Inc, Mellon Locations: Palm Beach, Fla, America, Hollywood, Wyoming
Biden's political operation announced on Tuesday in a press release that the combined campaign, joint fundraising committees and the Democratic National Committee raised $51 million in April. Trump and the Republican National Committee recently announced they raised $76 million last month. Excluding any money from the RNC or any PACs, Trump's campaign committee reported raising $9.4 million in April. Biden's campaign committee raised $24.2 million in the same time period, according to new FEC filings released late Monday night. The event raised over $50 million shared between the Trump campaign, the RNC, his political action committee Save America and over a dozen state parties, according to the Trump campaign and the RNC.
Persons: Donald Trump, Joe Biden, Biden's, John Paulson's, Trump, Biden, Trump's Organizations: U.S, Republican, New, Democratic National Committee, Trump, Republican National Committee, Biden, Federal, Commission, RNC, Wall Street, White Locations: New Hampshire, Rochester , New Hampshire, U.S, New York, Florida, Manhattan
A passenger flying from London to Singapore has died after severe turbulence on board. The incident took place on Singapore Airlines flight SQ321, which left the UK Monday night. AdvertisementA Singapore Airlines passenger has died after a flight encountered severe turbulence, the carrier announced Tuesday. Flight SQ321 from London Heathrow to Singapore took off on Monday night local time, but the Boeing 777 diverted to Bangkok 11 hours into the journey, per Flightradar24. "Singapore Airlines offers its deepest condolences to the family of the deceased."
Persons: Organizations: Singapore Airlines, Service, Boeing, Business Locations: London, Singapore, London Heathrow, Bangkok
Johnson Controls : Activist investor Elliott has built a more than $1 billion stake in the HVAC control firm, Bloomberg News reported. "The stock is up 22% [year to date], but it has lagged Trane . "It was just a mistake [to have an underweight rating on the stock]," Cramer said, adding later: "From 1995 on, you have to understand the moment inventories are lean, you've got to buy. Steel stocks: Analysts at Jefferies initiated coverage of steel stocks, beginning with a buy rating on Cleveland-Cliffs and U.S. Steel and hold ratings on Nucor and Steel Dynamics . JPMorgan Chase : The banking giant slightly raised its full-year net interest income outlook to $91 billion from $90 billion.
Persons: Jim Cramer's, Elliott, Jim Cramer, Morgan Stanley, Cramer, you've, I've, Frank Del Rio, Harry Sommer, He'll Organizations: CNBC, Club, Johnson, Bloomberg News, Micron Technology, Jefferies, Cliffs, . Steel, Steel Dynamics, JPMorgan Chase, Cruise Locations: Cleveland
Another earnings report, another sell-off in extended trading for Palo Alto Networks . Palo Alto Networks Why we own it: We believe cybersecurity is a secular growth market as bad actors are relentless and companies simply cannot afford to not invest in defense. We believe Palo Alto Networks, in particular, is uniquely positioned to win due to its best-in-class tools and broad product portfolio that allows it to provide an all-encompassing "platform" solution to cybersecurity. This transaction was the largest in the history of Palo Alto Networks at nearly $150 million" of total contract value. Signage outside Palo Alto Networks headquarters in Santa Clara, California, U.S., on Thursday, May 13, 2021.
Persons: , Nikesh, billings, we'd, Arora, I'm, Jim Cramer's, Jim Cramer, Jim, David Paul Morris Organizations: Palo Alto Networks, Revenue, LSEG, billings, Palo Alto, Alto Networks, Cisco Systems, Billings, Palo, Healthcare, CNBC, Bloomberg, Getty Locations: Palo, billings, Palo Alto, Santa Clara , California, U.S
As Ukraine struggles to hold back Russian advances, the country’s officials say they are once again facing the formidable challenge of keeping electricity flowing as Moscow’s forces increasingly strike power plants. To conserve energy, the government has ordered nationwide rolling blackouts for Monday night, broadening the smaller regional ones that have become the norm in recent weeks. “This is another frontline in the war,” said Maxim Timchenko, the head of DTEK, Ukraine’s largest private electricity company, on social media last week. He said the company’s workers were engaged in a “race against time” to restore power to consumers. The nationwide blackout, scheduled from 6 p.m. to midnight, will affect the entire country for the first time this year, but it is unclear if it will continue past Monday.
Persons: , Maxim Timchenko Locations: Ukraine
Former President Donald J. Trump posted a video on Monday afternoon that features images of hypothetical newspaper articles celebrating a 2024 victory for him and referring to “the creation of a unified Reich” under the headline “What’s next for America?”The 30-second video, which Mr. Trump posted on his social media site, Truth Social, features several articles styled like newspapers from the early 1900s — and apparently recycling text from reports on World War I, including references to “German industrial strength” and “peace through strength.” One article in the video asserts that Mr. Trump would deport 15 million migrants in a second term, while text onscreen lists the start and end days of World War I. Another headline in the video suggests that Mr. Trump in a second term would reject “globalists,” using a term that has been widely adopted on the far right and that scholars say can be used as a signal of antisemitism. The Trump campaign said in a statement that the video had been posted by a staff member while Mr. Trump was in his criminal trial in Manhattan. The video was still up on his account late Monday night, and his campaign did not respond to a question about why it had not been taken down.
Persons: Donald J, Trump, Locations: America, Manhattan
Stock futures are near flat Monday night after the technology-heavy Nasdaq Composite closed at an all-time high. Dow Jones Industrial Average futures lost just 27 points, while S&P 500 futures also sat near its flatline. Those moves come after a mixed day on Wall Street. But the blue-chip Dow slipped almost 200 points, or 0.5%. Monday's action follows a notable week on Wall Street amid renewed hopes about the state of inflation and monetary policy.
Persons: Dow, Jamie Dimon, Keith Buchanan, Christopher Waller, Tom Barkin, Raphael Bostic Organizations: New York Stock Exchange, Stock, Nasdaq, Dow Jones Industrial, Palo Alto Networks, LSEG, Nvidia, JPMorgan, Globalt Investments, Federal, Richmond Fed, Atlanta Fed, Traders
We trimmed our positions shares in Morgan Stanley and Palo Alto Networks on Wednesday and Thursay, respectively, after nice moves higher for both stocks. Here's a closer look at what drove the moves in the portfolio's top five stocks this week. PANW YTD mountain Palo Alto Networks (PANW) year-to-date performance Palo Alto Networks came in No. Palo Alto has been a sizable outperformer since early April, which factored into our trim Thursday. DHR YTD mountain Danaher (DHR) year-to-date performance Danaher advanced 4.9% in the week to secure a second-place finish.
Persons: Morgan Stanley, Estee Lauder, Rainer Blair, OpenAI, Jim Cramer's, Jim Cramer, Jim, Brendan McDermid Organizations: Dow Jones, Nasdaq, Club, Palo Alto Networks, IBM, Palo Alto, Bank of America, Broadcom, Google, . Management, Wall Street, Apple, CNBC, Traders, New York Stock Exchange Locations: Thursay, China, Palo, Palo Alto, New York City, U.S
Shortly after the opening bell, we will be selling 25 shares of Palo Alto Networks at roughly $315.50. We talked Wednesday on our Morning Meeting about how Palo Alto Networks may have a positive setup into earnings Monday night , according to Morgan Stanley. We thought Morgan Stanley's call was pointing out because into earnings in February, Morgan Stanley said it was "sitting this quarter out." Its call proved prescient when Palo Alto shares fell almost 30% in a single session after missing estimates on billings and reducing its outlook. For example, Morgan Stanley says this deal benefits Palo Alto it several ways, helping it accelerate market share in security analytics.
Persons: Jim Cramer's, Morgan Stanley, we've, Palo, Morgan Stanley's, It's, Jim Cramer, Jim Organizations: Palo Alto Networks, billings, UnitedHealth, Palo, Networks, IBM, CNBC Locations: billings, Palo Alto
CNN —The NFL is distancing itself from controversial comments by Kansas City Chiefs kicker Harrison Butker during a recent commencement address. However, plenty of women (and Taylor Swift fans) have made their feelings plainly known. Harrison Butker of the Kansas City Chiefs speaks to the media ahead of Super Bowl LVIII on February 5, 2024, in Las Vegas. Conservative voices have praised Butker’s speech for being “100% correct” and for reflecting his self-professed deep Catholic faith. Feminists and Taylor Swift fans have fired backButker, 28, has been with the Chiefs for seven seasons.
Persons: Harrison Butker, Butker, , Taylor Swift, “ Harrison Butker, , Jonathan Beane, , , ” Butker, Isabelle, Robin Alam, Sam McDowell, Swift, Travis Kelce, Taylor, ’ ” Butker, Travis, ” Taylor Swift, Ezra Shaw, Harrison, I’ll, influencers, Elizabeth Keller Butker, Emory University’s, Vicki Chan, Kelce, Roger Goodell, Lisa Guerrero, • Butker, Joe Biden, Andrea Williams, Patrick Mahomes, “ Harrison Butker doesn’t, doesn’t, Yvette Walker, CNN’s Kevin Dotson Organizations: CNN, Kansas City Chiefs, Pride, Benedictine College, NFL, Chiefs, Super Bowl, Kansas City Star, Conservative, San Francisco 49ers, Getty, Emory, Emory University’s Winship Cancer Institute, Smith College, Football, Catholic, America Locations: Atchison , Kansas, Las Vegas, Atlanta, Massachusetts
Meme stocks are having a moment, but the broader market is rallying as well. While GameStop's 74% rally got a lot of attention Monday ( "meme stocks are back!" ), the evidence indicates that a broad rally is dragging up a lot of stuff that hasn't been performing well this year. The S & P 600 Small Cap advance/decline is also near the highest levels since December, while the S & P Mid Cap 400 advance/decline line is at a new high. So when you hear the tired old refrain, "meme stocks are back," take a look at the rest of the market.
Persons: hasn't, Marko Kolanovic, Morgan, BoE, Ryan Detrick Organizations: Fed, ECB, Intel, Nike, Comcast, ChargePoint Holdings, CRISPR Therapeutics, Unity Software, Carson Group, CNBC
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