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☆ Jim Cramer's take on Kohl’s, On Holding, Southwest Airlines, 3M and Paramount Global
▼ + stars: | 2024-03-12 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +2 min

Kohl's : Shares fell about 2% after the department store chain delivered a fourth-quarter earnings beat, but same-store sales declined more than expected. However, "if you own it, keep it," Jim Cramer suggested, referring to Kohl's stock. On Holding : Shares plunged 14% after the buzzy Swiss shoemaker's quarterly earnings missed estimates alongside a slightly softer-than-expected outlook. Paramount Global : Private equity firm Apollo Global Management has reached out to Paramount Global about a possible takeover or asset purchase, Axios reported Tuesday, citing two sources familiar with the matter. "If you're playing this for upside, you've got to remember we do not believe in mergers if we think the fundamentals are not good, and the fundamentals are not good" at Paramount Global, Cramer said.

Persons: Jim Cramer's, Jim Cramer, Cramer, Tom Kingsbury's, Bill Brown, Mike Roman, Roman, Brown, Axios, you've Organizations: CNBC, Club, Burlington Stores, Swiss, Southwest Airlines, Boeing, L3Harris Technologies, 3M, Paramount Global, Private, Apollo Global Management, CBS

☆ Babies R Us is coming to about 200 Kohl's stores
▼ + stars: | 2024-03-12 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +1 min

Kohl's said Tuesday that it's teaming up with the owner of Babies R Us to bring baby gear, furniture and more to approximately 200 of its stores across the country. In a news release, Kohl's said the first Babies R Us shops will open this August and expand to more stores in the fall. Kohl's said the shops will range from 750 to 2,500 square feet, and will add more brands and merchandise to Kohl's baby category. As of Monday's close, Kohl's shares have fallen about 5% so far this year. Kohl's shares closed on Monday at $27.19, bringing the company's market value to $3.01 billion.

Persons: Kohl's, it's, Joe's Jeans, Anne Klein, Fisher, Price, It's, Tom Kingsbury, Michelle Gass, Levi Strauss, That's Organizations: WHP, Burlington Stores, Franchise Group, Macy's

☆ House GOP’s campaign boss sees Trump boost in pivotal swing districts
▼ + stars: | 2024-03-10 | by ( Manu Raju | ) edition.cnn.com time to read: +9 min

And so I think it’s a net positive.”Even if Trump is convicted of a felony, Hudson predicted it wouldn’t “have an impact” on his candidates in swing districts. There are a limited number of House districts truly at play in the 2024 elections – given many district lines are gerrymandered in a way to protect one party over the other. Democrats have their eyes set on the 17 Biden districts, which will take the race for the House from New York to California. A total of 170 Democrats voted against the legislation, accusing Republicans of exploiting the tragic death of a nursing student in order to score political points. “We’ve pretty much seen the Republicans, especially House Republicans, wait to hear from Trump in terms of deciding whether they even want to move legislation forward.

Persons: Donald Trump, Joe Biden, Trump, Biden, Richard Hudson, “ He’s, Hudson, ”, “ I’ll, Suzan, ” DelBene, “ That’s, Mike Lawler –, –, I’m, Tom Kean Jr, North Carolina –, ” Hudson, “ We’re, “, Riley, Gabe Vasquez, Pat Ryan, Andrea Salinas, Val Hoyle, Oregon, Laken Riley, “ They’re, Roe, Wade, Dobbs, DelBene, … we’ve, Laurie Buckhout, Don Davis, Republican David Valadao –, Mark Harris, Mark Robinson, Harris, Robinson, ” CNN’s Melanie Zanona, Christine Park Organizations: CNN — House Republican, GOP, ”, North Carolina Republican, CNN, Biden, Trump, Republican, Democratic Congressional, “, House Republican Party, Alaska –, Democrats, House, National Republican Congressional Committee, Republicans, House GOP, PAC, Congressional, Fund, Democrat, energize Locations: Washington, New York, United States, New Jersey, Trump, California, Maine, Alaska, Michigan, Louisiana, Alabama, North Carolina, New Mexico, Andrea Salinas of Oregon, Biden’s State

☆ Cramer's week ahead: Earnings from Adobe, Dollar Tree and Dollar General
▼ + stars: | 2024-03-08 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Friday guided investors through next week's most important happenings on Wall Street, highlighting Adobe 's earnings report, as well as ones from Dollar General and Dollar Tree . Dollar Tree reports on Wednesday, and Cramer said Wall Street has long favored dollar stores, adding that the company has a "good a handle on the psyche of the American consumer." The producer price index will be released Thursday, as well as earnings from Dollar General. Like Dollar Tree, he thinks the company will do well, and it will "tell a story of price cutting that the analysts will lap up." But by the end of the week, Wall Street will be buzzing about Nvidia 's conference, which is set to take place from March 18 to 21.

Persons: CNBC's Jim Cramer, Cramer, Kohl's, Tom Kingsbury, Williams, Lennar, Jabil Organizations: Adobe, Dollar, Oracle, Vail Resorts, Holding, Burlington Stores, Sporting Goods, Nvidia Locations: Sonoma

☆ Why the race for the House is the one to watch in 2024
▼ + stars: | 2024-02-10 | by ( Simone Pathe | ) edition.cnn.com time to read: +16 min

CNN —It won’t suck up anywhere near the oxygen of the presidential election, but the race for the US House of Representatives may be the most exciting campaign to watch in 2024. But in the House, Republicans’ shrinking majority has underscored the importance of the balance of power in Washington. House Republicans currently control 219 seats to Democrats’ 212, with four vacancies. Santos was expelled from the House last year, but he’s not absent from the race. Seats Republicans are targetingThe House GOP campaign arm releases a similar target list, which includes 37 offensive seats this year.

Persons: they’re, Democratic Sen, Joe Manchin’s, –, George Santos ’, Santos, he’s, Joe Biden, Biden, ”, “, Cam Savage, Nathan L, Gonzales, Nick LaLota, Anthony D’Esposito, Mike Lawler, Marc Molinaro, Brandon Williams, John Duarte, David Valadao, Mike Garcia, Young Kim, Michelle Steel, David Schweikert, Juan Ciscomani, Don Bacon of Nebraska, Tom Kean of, Lori Chavez, Brian Fitzpatrick, Jen Kiggans, Tom Suozzi, Donald Trump, Mary Peltola of, Marie Gluesenkamp Perez, Jared Golden of, Matt Cartwright of, Marcy Kaptur, Kaptur, Elissa Slotkin –, Dan Kildee, Kildee –, don’t, Dale Kildee, Abigail Spanberger, Susan Wild, Emilia Sykes, Yadira, there’s, There’s, Ron DeSantis, Savage, Ron Brownstein, Trump, he’ll, Suozzi, Achim Bergmann, Bergmann, Gavin Newsom, Kathy Hochul, Eric Adams, Roe, Wade, Meredith Kelly Organizations: CNN, US, Democratic, House, Washington . House Republicans, ’, GOP, Santos, PAC, House Democratic, Republican, Congressional, Fund, Blue States Project, Republicans, Biden, New, Democratic Congressional, National Republican, Washington . Rep, –, Democrats, Rep, Independent, GOP Gov, Trump, Democrat, White, California Gov, New York Gov, New York City Locations: West Virginia, Washington, New York, Tuesday’s, York, California, “ California, Republican, Blue States, Michigan, New Mexico , Colorado, North Carolina, Arizona, Tom Kean of New Jersey, Oregon, Pennsylvania, Virginia, Iowa, Arizona , Colorado , Montana , Nebraska , Oregon , Texas, Arizona , California, Florida , Michigan, Wisconsin, Mary Peltola of Alaska, Jared Golden of Maine, Matt Cartwright of Pennsylvania, Ohio, Michigan’s 8th, –, Texas, Alabama, It’s, Louisiana, Florida, South Carolina, Charleston, Biden, Long, New

It will be the 22nd time that CBS has carried the Super Bowl, which is the most among the four broadcast networks. Cohen said CBS analyst Jay Feely, who kicked in the NFL for 14 seasons, also gave his input on where to position the cameras. The upright cameras are part of 165 cameras CBS has for Sunday. There are also 23 augmented reality cameras that both CBS and Nickelodeon will use. While various bells and whistles, like AR, are nice, they also have to be used for the right reasons, which Cohen sees with the Nickelodeon broadcast.

Persons: Jason Cohen, Mike Francis, Harrison Butker, Cohen, “, We’re, ” Cohen, ”, Harold Bryant, Jay Feely, “ We’re, ” Bryant, SpongeBob, Patrick Star, Noah Eagle, Nate Burleson, Tom Kenny, Bill Fagerbakke, Patrick, Kenny, ” Kenny, Fagerbakke, “ That’s, Russell Wilson’s, Russ Cook ” —, I’ve, Russell Wilson, I’m, ” Fagerbakke, ___ Organizations: CBS, Kansas City, Chiefs, 49ers, ESPN, ABC, CBS Sports, New York Jets, MetLife, Las Vegas Raiders, NFL, Nickelodeon, SpongeBob, Denver Broncos, Los Angeles Rams Locations: San Francisco, Los Angeles, Allegiant, Vegas

☆ SpongeBob SquarePants is going to announce this Super Bowl broadcast
▼ + stars: | 2024-02-06 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +4 min

New York CNN —Football’s youngest fans will be able to watch Super Bowl LVIII announced by SpongeBob SquarePants and the rest of the gang from Bikini Bottom. Characters from the cartoon SpongeBob SquarePants will join the telecast live. Sandy Cheeks (voiced by Carolyn Lawrence) will make her sideline reporting debut during the Super Bowl LVIII telecast live "Super Bowl LVIII Live from Bikini Bottom". But fans of the long-running show will recognize a 2001 classic next Sunday — there will be a “Sweet Victory” performance in the Super Bowl telecast. In the 2019 Super Bowl, halftime act Maroon 5 paid tribute to the song that the SpongeBob characters sang in a 2001 episode (in the episode, the characters of the Bikini Bottom were performing in the Bubble Bowl, a spoof of the Super Bowl.)

Persons: New York CNN —, SpongeBob SquarePants, SpongeBob, Sandy Cheeks, Carolyn Lawrence, Paramount SpongeBob, Tom Kenny, Patrick Star, Bill Fagerbakke, Nate Burleson, Noah Eagle, Larry, Lawrence, Slimetime ”, Dylan Gilmore, Nick, Gen Z, Alpha, Taylor Swift’s, Travis Kelce, ” Sean McManus, Chris Nowinski, Stephen Hillenburg, Travis Scott, “, ” Organizations: New, New York CNN, New York CNN — Football’s, Nickelodeon, CBS Sports, Super, Kansas City Chiefs, San Francisco 49ers, Paramount Global, CBS, Paramount, Allegiant, NFL, New Orleans Saints, Chicago Bears, Nick NFL, Chiefs, NFL Nickelodeon, Saints, Bears Locations: New York, Las Vegas

☆ Wyndham Clark shoots course record 60 as he takes the lead at Pebble Beach Pro-Am
▼ + stars: | 2024-02-04 | by ( George Ramsay | ) edition.cnn.com time to read: +2 min

CNN —American golfer Wyndham Clark shot a course-record 60 as he moved into the lead at the Pebble Beach Pro-Am after three rounds. Clark’s historic round at the famous links course in California included two eagles and nine birdies, giving him a one-shot lead ahead of Sweden’s Ludvig Åberg. It would have been the 13th sub-60 round in the history of the PGA Tour. “Then obviously making all of those putts out of the ordinary was also pretty awesome.”Clark shot the lowest round of his career at Pebble Beach. Åberg dropped off the top of the leaderboard but is only one shot behind Clark going into the final day after a third-round 67.

Persons: Wyndham Clark, Sweden’s Ludvig Åberg, putts, ” Clark, Tracy Wilcox, Clark, Tom Kite, David Duval, Patrick Cantlay, Matthias Schwab, Hurly Long, “, Åberg, France’s Matthieu Pavon, USA’s Mark Hubbard, Belgium’s Thomas Detry Organizations: CNN, PGA, PGA Tour, week’s Farmers Insurance Locations: California, Pebble Beach

☆ Phalanx CWIS deployed on a Houthi missile just seconds from hitting a US warship
▼ + stars: | 2024-02-02 | by ( Brad Lendon | ) edition.cnn.com time to read: +4 min

The automated Phalanx system features Gatling guns that can fire up to 4,500 20-millimeter rounds a minute, engaging projectiles or other targets at extremely close range. Tom Karako, director of the Missile Defense Project at the Center for Strategic and International Studies, said it was “concerning” that the Houthi missile got so close to a US warship. Whether it comes into further use in the current hostilities in the Red Sea remains to be seen. And on Thursday, US forces shot down a Houthi drone over the Gulf of Aden and destroyed a surface drone in the Red Sea, it said. Meanwhile, two ballistic missiles launched from Houthi-controlled areas of Yemen missed targets in the Red Sea, Central Command said.

Persons: Boxer, Jesse Monford “, Tom Karako, ” Karako, Carl Schuster, ” Schuster, Schuster, ”, Carney Organizations: CNN, Navy, U.S . Navy, Mass, Raytheon, Missile Defense, Center for Strategic, International Studies, US Navy, US Central Command, Command Locations: ”, Iran, Yemen, Israel, Gaza, Aden, Red, Red Sea

☆ 6 things you didn't know about DC's 'Supergirl' star Milly Alcock
▼ + stars: | 2024-01-30 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +1 min

Australian actor Milly Alcock will play Supergirl in James Gunn's rebooted DC Universe. Here's six things you didn't know about Milly Alcock. AdvertisementThe new DC Universe has found its Supergirl in Australian actor Milly Alcock. Reports on Monday suggested that Alcock had been cast as Superman's Kryptonian cousin for the rebooted DC Universe. "Milly is a fantastically talented young actor, and I'm incredibly excited about her being a part of the DCU.

Persons: Milly Alcock, James Gunn's, —, Rhaenyra, James Gunn, Alcock, Gunn, Instagram, Milly, Tom King, Bilquis Organizations: Service, DC, DC Studios, DCU

Attacks on ships in the Red Sea are delivering another shock to global trade, coming on top of pandemic-related logjams at ports and Russia's invasion of Ukraine. The normal route — three weeks via the Suez Canal — has been shut down by the Houthi attacks. Chief executive Stuart Machin said the Red Sea trouble was “impacting everyone and something we’re very focused on." For Europe, the impact is even bigger: 40% of clothes and 50% of shoes traverse the Red Sea. Norwegian fertilizer giant Yara said it was “only mildly impacted by the transit challenges in the Red Sea."

Persons: What’s, Ryan Petersen, Petersen, It’s, Clifton Broumand, Broumand, —, ”, “, it’s, Tesla, Spencer, Stuart Machin, Steve Lamar, Lamar, Flexport, Katheryn Russ, Davis, Judah Levine, Freightos, it's, Russ, Obama, Carlos Tavares, Stellantis, Jan Hoffmann, Frank Conforti, Conforti, ____ Anderson, Kelvin Chan, Anne D'Innocenzio, Yuri Kageyama, Tom Krisher, David McHugh Organizations: WASHINGTON, —, Hamas, Machine, Volvo, Suzuki Motor Corp, American Apparel & Footwear Association, University of California, U.S . Federal Reserve, BMW, Retailer, Free People, AP Business Locations: Belgium, Germany, British, Maryland, Asia, Ukraine, Yemen, Gaza, Europe, United States, Suez, Africa, “, Panama, Greater Landover , Maryland, Taiwan, China, Los Angeles, Berlin, Swedish, Ghent, Hungary, Japan, U.S, overcapacity, Red, Israel, India, New York, London, Tokyo, Detroit, Frankfurt

☆ Fake explicit Taylor Swift photos have politicians sounding off. But will AI laws actually change?
▼ + stars: | 2024-01-26 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +6 min

Sexually explicit AI-created images of Taylor Swift went viral on X this week. Posting on X on Thursday, he wrote: "The spread of AI-generated explicit images of Taylor Swift is appalling — and sadly, it's happening to women everywhere, every day." The spread of AI-generated explicit images of Taylor Swift is appalling—and sadly, it's happening to women everywhere, every day. What’s happened to Taylor Swift is nothing new. (The Daily Mail has reported that her team is considering legal action against the site that created the AI-generated images.)

Persons: Taylor Swift, It's, —, Swift, Joe Biden, Joseph Morelle, Morelle, Joe Morelle, Tom Kean Jr, Yvette D, Clarke, — Yvette D Organizations: Service, NFL, NBC News, New Hampshire, Democratic, Committee, Republican, Business, Daily Mail Locations: @RepYvetteClarke

☆ Investors will soon be able to buy slices of bonds. How to decide if this is the right move for you
▼ + stars: | 2024-01-05 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Investors will be able purchase pieces of corporate bonds, Treasurys and eventually, municipal bonds. The idea is to open up opportunities to investors who don't want to spend upward of $1,000 on single corporate bonds. While retail investors can buy individual corporate bonds through brokerages, they often opt for mutual funds or exchange-traded funds, which offer baskets of diversified bond securities. The iShares Broad USD Investment Grade Corporate Bond ETF (USIG) , for instance, tracks the ICE BofA U.S. Corporate Index. For corporate bonds, he suggests looking at actively managed funds, particularly for noninvestment grade and municipal bonds.

Persons: Sam Nofzinger, Nofzinger, Chuck Failla, I'm, Tom Kaiser, Failla Organizations: Public, Corporate, ICE, Sovereign Financial Group, Brock Investment Advisors, Apple, Microsoft, BlackRock Locations: brokerages, TreasuryDirect

Those losses ended a nine-trial winning streak for Bayer, shattering investor and company hopes that the worst of the Roundup litigation was over. Her case will help test whether plaintiffs' recent victories were an aberration, or the payoff from favorable court rulings and a shift in plaintiffs' strategy. Plaintiffs' lawyers reject the notion that the evidence about regulators explains their wins. While plaintiffs' lawyers in earlier trials mentioned other chemicals, transcripts of recent closing arguments suggest they have become more prominent. More Roundup trials are expected in 2024.

Persons: Wolfgang Rattay, Kelly Martel, Bayer, Martel, glyphosate, That's, Tom Kline, Jason Itkin, Ernest Caranci, Bart Rankin, Rankin, Brendan Pierson, Alexia Garamfalvi, Bill Berkrot Organizations: Bayer AG, REUTERS, Bayer, U.S, Monsanto, . Environmental Protection Agency, EPA, Union, Health, Thomson Locations: Wuppertal, Germany, Philadelphia, Pleas, Pennsylvania, Europe, New York

REUTERS/Mike Segar/File Photo Acquire Licensing RightsDec 1 (Reuters) - Retailers like Amazon.com and Foot Locker are signaling optimism for holiday season sales after stronger-than-expected figures during Black Friday and Cyber Monday, as heavy discounts lured budget-strained customers on the peak U.S. shopping days. Early estimates on holiday shopping have been encouraging to some investors after retailers sounded cautious notes in the lead-up to the season. "We know we're buying for wallet share with a value-conscious consumer this holiday season. Deep discounts have been a key feature heading into this year's holiday shopping season and holiday discounts could get even bigger in December, according to some retail executives. Kohl's (KSS.N) CEO Tom Kingsbury said last week the company was "coming out on holiday very aggressively in terms of promotions."

Persons: Mike Segar, Jimmy Lee, we've, Mary Dillon, Tom Kingsbury, Cos, Jason Benowitz, Deborah Sophia, Juby Babu, Pooja Desai Organizations: REUTERS, Adobe Analytics, National Retail Federation, Wealth Consulting, Amazon, Black, BofA, Walmart, Abercrombie, Fitch, American Eagle Outfitters, Roosevelt, Thomson Locations: Robbinsville , New Jersey, U.S, Bengaluru

It’s still not clear which vehicles would be eligible for the full $7,500 tax credit under the new rules because the government has yet to publish any lists. But they are still years away from being able to produce an electric vehicle without materials and components from China. Sam Abuelsamid, a mobility analyst for Guidehouse Insights, expects many EVs now eligible for the full $7,500 U.S. tax credit will see that cut in half next year when the new regulations take effect. Getting the tax credit upfront — rather than waiting until filing tax returns next year — “will actually reduce your monthly payment, which is a major stumbling block for consumers,” he said. Adeyemo and other officials declined to say whether batteries from the Ford plant would qualify for tax credits.

Persons: —, Biden, Joe Biden's, It’s, Wally Adeyemo, David Turk, Adeyemo, Turk, John Bozzella, Sam Abuelsamid, EVs, Abuelsamid, — “, ”, Joe Manchin, Manchin, Janet Yellen, Ford, Tom Krisher Organizations: WASHINGTON, Treasury, Energy, EV, Administration, “, Motors, Hyundai, Ford, GM, Alliance for Automotive Innovation, Guidehouse, Democratic, Natural Resources Committee, Ford Motor Co, Amperex Technology, Associated Press Locations: U.S, China, United States, North Korea, Russia, Iran, North America, Michigan, Detroit

☆ Gas prices drop more than 60 days in a row
▼ + stars: | 2023-11-28 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

Gas prices have now fallen every day since the peak on September 18, AAA data shows. However, it’s normal for gas prices to cool off once the summer driving season ends because demand drops. Gas prices are now down 63 cents since hitting $3.88 in September. Yet oil prices — the main driver of retail pump prices — also have tumbled about 20% since briefly topping $95 a barrel on September 28. No matter the reason, gas prices are falling around the country.

Persons: That’s, ”, Tom Kloza, Kloza, OPIS, “ It’s, ” Kloza Organizations: New, New York CNN, AAA, Oil Price Information Service, Saudi Locations: New York, Israel, Hormuz, Iran, Ukraine, Saudi Arabia, China, OPEC, United States, Wisconsin , Ohio, South Carolina, Hawaii, Washington, California

These include plans by ArcelorMittal , the world's second-largest steelmaker, to spend 2.5 billion euros to decarbonise its German steel mills, efforts that depend on now-uncertain government support. "What we're seeing here is devastating for Germany as a business location globally. Besides the 6 billion euros of steel investments, other sectors potentially affected by the court ruling include 4 billion euros in the area of microelectronics and 20 billion euros for battery cell production, according to an economy ministry paper seen by Reuters. Those have previously been estimated at 68 billion euros. "Important industries in Germany, such as chemicals or steel production, need economical energy prices," Oliver Blume, CEO of Europe's top carmaker Volkswagen (VOWG_p.DE), told Frankfurter Allgemeine Zeitung.

Persons: Olaf Scholz, Robert Habeck, Christian Lindner, Reiner Blaschek, Chancellor Olaf Scholz, Stefan Rauber, Intel INTC.O, Taiwan's, Bernhard Osburg, Oliver Blume, Christoph Steitz, Tom Kaeckenhoff, Andreas Rinke, Catherine Evans Organizations: Climate, Finance, ArcelorMittal, SHS Stahl, Reuters, IMF, Intel, TW, Infineon, Steel, BASF, Wacker Chemie, Volkswagen, Frankfurter Allgemeine Zeitung, Thomson Locations: FRANKFURT, DUESSELDORF, Berlin, Germany, Asia, United States, U.S, USA, Steel Europe

☆ U.S. Gas Prices Plunging as Holiday Travelers Hit the Road
▼ + stars: | 2023-11-22 | by ( Clifford Krauss | More About Clifford Krauss | ) www.nytimes.com time to read: +1 min

U.S. gasoline prices are plunging just in time for Thanksgiving, and with the OPEC Plus oil cartel in apparent disarray, they could be heading lower for Christmas. But this week, they fell to levels not seen at this time of year since 2021, according to the AAA motor club, before the Russian invasion of Ukraine sent energy prices higher. “For consumers it’s a terrific tailwind,” said Tom Kloza, global head of energy analysis at Oil Price Information Service. The price for a gallon of gas was $3.64 at the same time last year. Prices have dropped below $3 a gallon in more than a dozen states and are falling with particular speed in Montana, Florida and Colorado.

Persons: ”, Tom Kloza Organizations: OPEC, AAA, Oil Price Information Service Locations: Ukraine, Montana , Florida, Colorado

Steel coils are waiting for delivery at the storage and distribution facility of German steel maker ThyssenKrupp in Duisburg, Germany, November 16, 2023. As a result of the impairment, Thyssenkrupp, which has been trying to divest its steel division for several years, posted a 2-billion-euro net loss for the fourth quarter. Shares of the company, which proposed a stable dividend of 0.15 euros apiece, were indicated to open 1.8% lower in pre-market trade. Thyssenkrupp - which apart from steel builds submarines, car parts and operates a large materials trading business - said it was in constructive and open-ended talks with EPH about a potential steel joint venture. EPH, controlled by Czech billionaire Daniel Kretinsky, would support Thyssenkrupp Steel Europe with its energy expertise in any joint venture, the company said.

Persons: Wolfgang Rattay, Miguel Lopez, Daniel Kretinsky, Thyssenkrupp, Christoph Steitz, Tom Kaeckenhoff, Sandra Maler, Miranda Murray, Sherry Jacob, Phillips Organizations: REUTERS, Wednesday, EPH, Thyssenkrupp Steel, Thomson Locations: Duisburg, Germany, FRANKFURT, DUESSELDORF, Czech, Europe

☆ There's a strong case for a coming gasoline glut, says OPIS' Tom Kloza
▼ + stars: | 2023-11-22 | 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 EmailThere's a strong case for a coming gasoline glut, says OPIS' Tom KlozaTom Kloza, OPIS co-founder and global head of energy analysis, joins 'Closing Bell Overtime' to talk the oil market, prices at the pump falling, a possible 'gasoline glut' and more.

Persons: OPIS, Tom Kloza Tom Kloza

Miniatures of windmill and electric pole are seen in front of Siemens Gamesa logo in this illustration taken January 17, 2023. One Frankfurt-based trader said the investor event, where Siemens Gamesa disclosed around 400 million euros in cost cuts by 2026, was bringing "no new insights". At 1610 GMT, shares in Siemens Energy, in which Siemens AG (SIEGn.DE) owns a direct 25.1% stake, were still down 6.3%. Siemens Gamesa will likely cut onshore turbine capacity outside Europe and outsource the production of some components, the division's Chief Executive Jochen Eickholt said, outlining the group's restructuring roadmap. Reuters last month reported that Siemens Gamesa was considering shutting plants and sales offices as well as outsourcing some production.

Persons: Dado Ruvic, Siemens Gamesa, Christian Bruch, Jochen Eickholt, Eickholt, Christoph Steitz, Tom Kaeckenhoff, Danilo Masoni, Madeline Chambers, Miranda Murray, David Evans Organizations: Siemens, REUTERS, Siemens Energy, Siemens Gamesa, Siemens AG, Reuters, Thomson Locations: Europe, FRANKFURT, DUESSELDORF, Frankfurt

Underscoring the frustration, Economy Minister Robert Habeck, a member of the pro-spending Greens, called the verdict "a huge blow to industrial policy". Speaking to parliament, Habeck warned the court ruling put at risk support for the steel sector, which is counting on subsidies to decarbonise and stay competitive. Finance Minister Christian Lindner meanwhile said it was too early to discuss the consequences of the court ruling. "The steel industry alone can contribute to reducing a third of total industrial emissions - and thus has enormous leverage to save millions of tons of CO2 in the coming years." "The political bottom line is that many coalition disputes will reopen as serious budget constraints kick in.

Persons: Olaf Scholz, Christian Lindner, Robert Habeck, BERLIN, Wednesday's, Chancellor Olaf Scholz, Habeck, Yesenn, DBRS Morningstar, hawkish Lindner, Lindner, Bernhard Osburg, Carsten Brzeski, Eurointelligence, Maria Martinez, Christian Kraemer, Andreas Rinke, Markus Wacket, Tom Kaeckenhoff, Matthias Williams, Alexandra Hudson, Susan Fenton Organizations: Finance, Climate, Economy, Greens, CHANGE, Budget, European Central Bank, Thomson Locations: United States, Berlin, Germany

☆ Why oil majors Shell and BP are combining solar energy and agricultural production
▼ + stars: | 2023-11-14 | by ( Katie Brigham | ) www.cnbc.com time to read: +6 min

Stoffels owns this land, but leases it to Lightsource BP, a major solar energy developer that's 50% owned by British oil major BP. An emerging industry called agrivoltaics combines solar energy production with agricultural activities such as sheep grazing, beekeeping and crop growing. Today, the U.S. has about five gigawatts of agrivoltaic projects, encompassing more than 35,000 acres across over 30 different states. Shell is also involved in the space through its 44% stake in solar developer Silicon Ranch. While most solar developers opt to lease land, Silicon Ranch buys it outright, often purchasing degraded farmland that's no longer in production.

Persons: Amanda Stoffels, munch, Stoffels, Lightsource, Jordan Macknick, Macknick, Lee, Tom Koranek, Becca Jones, Albertus, Katie Brigham Lightsource, Reagan Farr, Farr, Exxon haven't Organizations: Elm, BP, Lightsource, Lead, National Renewable Energy Laboratory, U.S, U.S . Department, Energy's Solar Energy Technologies Office, Shell, Silicon Ranch, Ranch, Power, Chevron, Exxon Locations: Dallas , Texas, United States, Elm, Ellis County , Texas, Lightsource, U.S, Briar, Navarro County , Texas, agrivoltaics

Gene Sperling, the White House liaison for the strike talks, was in daily contact with executives at the UAW and the three automakers. By that point, there was enough trust that the misunderstanding did little from the White House perspective to hurt the relationship. The UAW president declined to endorse the president who had engaged in the historic outreach. So as I said we’ll do that when it’s time.”Still, the White House saw itself as building trust with the UAW as the talks progressed. As soon as a tentative agreement was in place, Barra told the gathered negotiators that she needed to text the White House.

Persons: Joe Biden, Shawn Fain, Biden, Fain, Gene Sperling, Sperling, We’re, Donald Trump, “ I’m, ” Biden, ”, Julie Su, Su, umbrage, “, ” Fain, “ We’ll, Ford, Stellantis, Mary Barra, Barra, Tom Krisher Organizations: WASHINGTON, United Auto Workers, General Motors, UAW, GM, Ford, Chrysler, Democratic, White, Democratic White Houses, Associated Press, Democrats, AP VoteCast, Republican, Labor, Biden, AP Locations: Delaware, Michigan, Pennsylvania, Wisconsin, Detroit

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