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There ain’t no party like a Jay Gatsby party — in “The Great Gatsby,” F. Scott Fitzgerald’s debonair poster boy of American ambition and the nouveau riche never lets the festivities stop. Neither does Immersive Everywhere’s “The Great Gatsby: The Immersive Show,” a jovial feast for the senses that never, in its lagging two-and-a-half-hour running time, truly rises above the status of a mere attraction. Gatsby’s neighbor, Nick Carraway, narrates Gatsby’s tragic — and, ultimately, fatal — fall from the world of the rich and famous. Gatsby hopes to woo Nick’s cousin Daisy, with whom he had a love affair that he’s never forgotten. Main plot points, including major introductions and confrontations, are played as set scenes that everyone witnesses together in the main space.
Persons: Jay Gatsby, , Scott Fitzgerald’s, riche, Gatsby, Nick Carraway, Daisy, he’s, Tom Buchanan, Alexander Wright, Rob Brinkmann, Joél Acosta, Nick Locations:
A view of the Starbucks vending van during its debut in Hangzhou, the capital of China's Zhejiang province, June 7, 2022. Starbucks — Starbucks shares lost nearly 2.5% after a union representing workers said strikes are slated to begin Friday in response to claims the coffee shop chain is not allowing Pride decorations at cafes. More than 150 stores, and about 3,500 workers, plan to join the strike occurring over the next week, the union said. CarMax — The used-car retailer popped 10% after beating the consensus estimate of analysts for its first-quarter revenue. Virgin Galactic — Virgin Galactic shed 18% after announcing a $300 million capital raise via a common stock offering.
Persons: CarMax, Armour, Wells Fargo, TD Cowen, Morgan Stanley, Evotec, — CNBC's Michelle Fox, Alex Harring, Jesse Pound Organizations: Starbucks, StreetAccount ., Galactic, Deutsche Bank, Accenture —, Accenture, GSK — U.S, GSK Locations: Hangzhou, China's Zhejiang province, North America, Germany
Check out the companies making headlines in premarket trading. Virgin Galactic — Shares tumbled 12.4% in premarket trading after the space tourism company said it raised $300 million through a common stock offer. Virgin Galactic said it wants to raise another $400 million as the company looks to expand and improve its spacecraft fleet. Under Armour — Shares shed nearly 3% in premarket trading following a downgrade by Wells Fargo to equal weight from overweight. Wayfair — Shares of the home furnishings retailer rose more than 1% after MoffettNathanson upgraded Wayfair to market perform from underperform.
Persons: CarMax, Virgin Galactic, Armour, Wells Fargo, MoffettNathanson, Wayfair, , Jesse Pound, Michelle Fox Organizations: Senate Health, Education, Labor, Starbucks, StreetAccount ., Galactic, Virgin, Baltimore Sun, Footwear, Bed, Deutsche Bank, Accenture Locations: Dirksen, North America, Baltimore
The experience of on-the-go coffee may be reshaped if Starbucks achieves its reusable cup goal. Reusable coffee cup initiatives around the worldStarbucks has been experimenting with reusable cup concepts in markets around the world. Customers can then return their reusable cup at a participating store or by using the Starbucks app at a cup return kiosk. Even though a reusable cup option has been in place at Starbucks for over 30 years, many consumers, and Starbucks employees, remain oblivious to its existence. The future of the Starbucks' cup has broad implications.
Persons: , Amelia Landers, Matt Prindiville, hasn't, Conrad MacKerron, MacKerron, Prindiville, IGD, Prindville, Kelly McBee, McBee, They're, Landers, Grace Lee Organizations: Starbucks, Business, CNBC, Arizona State University, Consulting, Clean Locations: Colorado, Hawaii, Taiwan, South Korea, Tokyo, Singapore, London, Geneva, Paris, Europe, Middle East, Africa, U.S, Seattle
Check out the companies making headlines in premarket trading. AMD — The semiconductor stock fell more than 7% in premarket trading after quarterly results a day earlier. PacWest's shares fell 4.6% in premarket trading after sliding nearly 28% on Tuesday. Biogen reported earnings last week, notching an adjusted $3.40 per share while analysts polled by StreetAccount forecasted $3.28. The online dating company reported first-quarter earnings that topped analysts estimates from Refinitiv after the bell Tuesday.
CVS cut its 2023 adjusted earnings guidance to a range of $8.50 to $8.70 per share from its previous projection of $8.70 to $8.90 per share. On Tuesday, the consumer products firm posted fiscal third-quarter adjusted earnings per share of $1.51 topped the $1.22 per share expected by analysts polled by Refinitiv. Revenue also beat, coming in at $1.91 billion versus the $1.82 billion expected by Wall Street. AMD also said it expects about $5.3 billion in sales in the current quarter, less than the $5.48 billion expected by Wall Street. Its adjusted earnings per share for the first quarter came in at $1.06, compared to the $1.13 expected, per Refinitiv.
Ford Motor — Ford topped analysts' expectations on the top and bottom lines, according to Refinitiv. However, the firm reiterated its prior full-year guidance of adjusted earnings between $9 billion and $11 billion, as well as about $6 billion in adjusted free cash flow. Clorox — Clorox gained 1% after topping analysts' expectations on the top and bottom lines. Caesars Entertainment — Caesars Entertainment slid about 0.2% after missing analysts' first-quarter earnings expectations. Otherwise, it reported revenue of $2.83 billion, beating the $2.76 billion forecast.
At least 10 times a day, Erika Becker, who works as a sales development manager at a technology company called Verkada, turns to her boss with questions. “What could I have done better?”Ms. Becker, 28, comes into her office in San Mateo, Calif., five days a week, along with all her colleagues. “It’s like if there’s something in my teeth, I want you to tell me,” she said. More than 50 million Americans, largely in white-collar jobs, began working from home at least part of the time. In recent months, as large employers — including Amazon, Disney and Starbucks — have tried to call workers back to the office, thousands of employees have objected, pointing to a track record of productivity at home.
Residents of an LA neighborhood have been receiving unwanted food deliveries for weeks. No one has been able to get to the bottom of a mystery, but Uber Eats has opened an investigation, ABC7 reported. One resident told ABC7 that the deliveries 'haunt my dreams.' "Before you knew it, the whole street was lined with bags of McDonald's and Starbucks, and nobody could explain where it was coming from," Morgan Currier told ABC7. "I've been getting 20-piece nuggets with sweet and sour sauce," Morgan Currier, a vegetarian, told the LA Times.
Alphabet earned $1.05 per share, lower than the expected earnings of $1.18 per share, according to consensus estimates from Refinitiv. Ford – Shares of Ford slipped 6.5% after the company reported earnings that badly missed Wall Street's earnings expectations. Starbucks reported earnings per share of 75 cents compared to Refinitiv analysts' projections of 77 cents. Revenue also fell short of the $8.78 billion Refinitiv estimates, coming in at only $8.71 billion. Qualcomm's revenue fell 12% year over year during the quarter.
Alphabet — The tech giant saw its shares drop 1% following the aftermath of its disappointing earnings report. Alphabet's posted earnings per share of $1.05 missed Refinitiv analyst consensus estimates of $1.18 per share. The company posted its largest quarterly revenue decline since 2016 as it fended off a strong dollar, China production issues and a difficult macro picture. Ford – Ford Motor shared shed 6% after fourth-quarter earnings fell short of both Wall Street and its own guidance. The Wall Street firm said the rally is driven by a short squeeze.
Here are the notable stocks making moves after hours on Thursday, Feb. 2. Apple — The consumer tech stock tumbled 4% in extended trading after the company reported weaker-than-expected results for its fiscal first quarter. The company reported $1.88 in earnings per share on $117.15 billion of revenue. Amazon reported $149.20 billion in revenue for the quarter, above the $145.42 billion expected, according to Refinitiv. The company reported a 2% decline in comparable transactions year over year, thanks in part to weakness in China.
Impact on Club stocks Club stocks with China exposure largely followed the broader market lower Wednesday amid a day of choppy trading in equity and energy markets, fueled by growing fears of a recession. Chip designer Qualcomm (QCOM) also has warned about the impact of China's Covid policy, saying that overall macroeconomic weakness in the country has weighed on smartphone demand. But Wednesday's announcement, nonetheless, signals an important development for Club stocks with China exposure. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Research suggests a college degree isn't as much of a requirement as it once was for many jobs. But there's one thing George lacks: a college degree. An analysis by the Burning Glass Institute, a nonprofit research group, found that the share of jobs requiring a college degree has fallen in recent years. Beat the bots through keywords — and find a friendly recruiterGeorge, who works at Logan Capital Management in Pennsylvania, could recall only one time when not having a college degree cost her a job. "If you're up against someone with a liberal arts degree, you're more likely to progress because you know how to sell," he said.
United Airlines — Shares rose 1% after Morgan Stanley upgraded United Airlines to overweight from equal weight, saying 2023 could be a "goldilocks" year for the airline stock. Silvergate Capital — Shares dipped 3% after Morgan Stanley downgraded Silvergate Capital to underweight from equal weight, saying a "high level of uncertainty" remains around the stock following the FTX collapse. Chinese tech stocks — Shares of Chinese internet stocks jumped in premarket trading after Beijing and Shenzhen reportedly further eased Covid restrictions. Johnson Controls International — Johnson Controls shares rose slightly after Deutsche Bank named it its top pick heading into 2023. The stock rose by more than 2%.
Grace Morris is a 20-year-old bikini barista in Lacey, Washington. That was something that really surprised me about the job: Customers have paid for my groceries, furniture, and even my rent. There's a false perception that being a bikini barista is a "gateway job" into dancing or sex work. Being a bikini barista has given me a kind of confidence that I've never had before. But for now, I'm a bikini barista for the foreseeable future, and I'm perfectly happy about that.
Check out the companies making the biggest moves midday:Starbucks — The Seattle-based coffee company jumped nearly 9% after reporting quarterly profit and revenue that topped expectations. Block — Shares jumped 10% after the mobile payments company surpassed profit and sales expectations in its third-quarter results. Block reported earnings of 42 cents per share on revenue of $4.52 billion. Coinbase — The stock jumped 3% after the company reported better-than-expected user numbers, even as Coinbase reported a miss on profit and sales expectations. The company reported earnings that topped expectations on Thursday.
Block — The mobile payment stock jumped 12% after Block reported third-quarter results that beat on the top and bottom lines. Block reported earnings of 42 cents per share on revenue of $4.52 billion. PayPal reported earnings that surpassed profit and sales expectations. DoorDash — Shares of DoorDash surged 10% after the online food ordering company surpassed revenue expectations. Discovery reported third-quarter revenue that missed analysts' expectations, citing a tougher backdrop for advertising and elevated costs from its restructuring.
People wait in line at Avis rental agency in the Miami International Airport Car Rental Center. Starbucks — Starbucks' shares dropped more than 5% in midday trading. Avis Budget Group — Shares of the rental car company jumped more than 12% after being upgraded by JPMorgan to overweight from neutral. Analysts believe car rental prices will remain elevated longer than investors believe. Tractor Supply Company — Shares of Tractor Supply Company rose 5.5% along with the market.
Walmart (WMT) and Chevron (CVX) were in the Trust on June 16, but we exited those stocks Aug. 1 and Sept. 7 , respectively. On the other hand, Starbucks (SBUX) and off-price retailer TJX Companies (TJX) entered the portfolio Aug. 22 and Aug. 24 , respectively. Top performers Leading the way was Wynn Resorts (WYNN) , gaining 22.6% between the old June low and Monday. Advanced Micro Devices (AMD) was next , falling 19.20% between the old June low and Monday's new one. Pioneer Natural Resources (PXD) saw the fifth-largest decline among portfolio stocks, declining 14.94% between the old June low and Monday.
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