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Hannah Beier | The Washington Post | Getty Images'At a crossroads'The historic box office combination of Warner Bros.' "Barbie" and Universal's "Oppenheimer" arrived a time when even the most dependable franchise movies have failed to lure in audiences. Together "Barbie" and "Oppenheimer" generated $244.5 million during their first three days in theaters — $162 million for "Barbie" and $82.5 million for "Oppenheimer." Adding ticket sales from Paramount's newest "Mission Impossible" film, Sony's "Spider-Man: Across the Spider-Verse" and Angel Studios' "The Sound of Freedom," the weekend box office topped $311 million, the fourth-highest weekend haul in history. watch nowThe FOMO effect"Barbenheimer's" historic weekend was also fueled by a sense of urgency, which the box office has been lacking in recent months. He noted that both films would have been box office hits regardless, but "the mystique of them opening on the same day elevated their profiles to an entirely new level."
Persons: Oppenheimer, Hannah Beier, , Indiana Jones, Shawn Robbins, Barbie, Robbins, shies Organizations: Colonial Theater, Washington Post, Getty, Warner Bros, Marvel, Angel Studios Locations: Phoenixville , Pennsylvania, ,
Gap was once one of America's most beloved apparel retailers, known for its laid-back basics and classic denim. The company announced Mattel executive Richard Dickson will become Gap's new CEO. Here's the story of the company's rise to mall brand darling and eventual fall from grace. For decades, Gap was one of the most beloved retailers in the US and an emblematic part of American fashion and style. Here's a look at Gap's humble beginnings of selling Levis and records, through its meteoric rise across America to its eventual fall.
Persons: Richard Dickson, Dickson Organizations: Mattel, Service, Navy, Old Navy, Banana Republic Locations: Wall, Silicon, Levis, America
Tripp Shriner is a partner at Point72 Ventures, the VC arm of Steve Cohen's hedge fund. "We're still early, getting toward the check-writing side of things," Tripp Shriner, partner and fintech investor at Point72 Ventures, told Insider. The investment themes lay the groundwork for where Point72 Ventures will spend its time and money in the coming months and years. Point72 Ventures' approach to AI is largely guided by how financial firms want to use the tech. However, success would depend on financial firms' willingness to adopt such a fundamental change.
Persons: Tripp Shriner, Steve Cohen's, Fintechs, We're, Shriner, it's Organizations: Point72 Ventures, Point72, Mastercard Locations: fintech, KYC
It was also one of several conclusions we made combing through the results and listening to the conference calls with investors. We are basically looking for results or management commentary that speaks to peer companies or the industry as a whole. On the call, management said it was "to support cloud demand, including investments in AI infrastructure." What is increased AI spending going to do for Meta's engagement and Reels monetization efforts? Nvidia chief Jensen Huang (centre L) poses for photographs before attending a press conference at Computex 2023 in Taipei on May 30, 2023.
Persons: it's, Sundar Pichai, We're, Jim Cramer's, Jim Cramer, Jim, Jensen Huang, Sam Yeh Organizations: Microsoft, Nvidia, Google, AMD, Intel, Jim Cramer's Charitable, CNBC, Afp, Getty Locations: Taipei
July 25 (Reuters) - Specialty glass maker Corning (GLW.N) forecast third-quarter core sales below Wall Street estimates on Tuesday, as it grapples with the ongoing slump in the consumer electronics market. Corning said it expects core sales of about $3.5 billion in the three months ending September, compared with analysts' estimates of $3.70 billion, according to data from Refinitiv. Shares of Corning, whose Gorilla glass for smartphones is used by companies such as Apple (AAPL.O) and Samsung Electronics (005930.KS), were down nearly 1.5% before the bell. "We expect to continue improving profitability and cash flow despite our relatively muted sales environment," said CEO Wendell Weeks. Corning posted an adjusted profit of 45 cents per share, just short of the 46 cents estimated by analysts.
Persons: Corning, Wendell Weeks, Jaspreet Singh, Krishna Chandra Organizations: Refinitiv, Apple, Samsung Electronics, Thomson Locations: Corning, Bengaluru
Bowery, a vertical farming company that grows crops indoors, is getting more shelf space at Amazon 's Whole Foods, with a deal to triple the stores stocking its salad kits. Currently, Bowery's salad kits and a selection of greens are carried at 50 Whole Foods Market stores in the Northeast. The deal comes amid challenges for both vertical farming and Amazon's efforts to expand its grocery footprint. The vertical farming industry, meanwhile, has been under pressure, like many formerly high-flying, heavily VC-funded startup niches. According to PitchBook, through the first quarter of 2023, vertical farming deals declined by 91% year-over-year.
Persons: Matt Williams, Zesty Caesar, Balsamic Vinaigrette, romaine, Andy Jassy, Jassy Organizations: Foods, Bowery, CNBC, Walmart, Albertsons, Westside, FreshDirect, Amazon Locations: Northeast, Westside Market, Brooklyn, East Coast, Florida, Virginia, Tennessee , North Carolina, Charlotte, Atlanta, Jacksonville, Miami
In June, the collapse of the I-95 bridge in Philadelphia brought one of the city's busiest thoroughfares to a standstill. But in Philadelphia, I-95 reopened just 12 days later, restoring order on one of the busiest thoroughfares in the area. That quick work, Belmonte said, was one of many key decisions that got the reconstruction project moving rapidly. Meanwhile, congestion immediately spiked on the roadways near the I-95 collapse as emergency crews rushed to set up detours. Bartash said her travel time to Bucks County doubled to two and a half hours during the I-95 bridge reconstruction.
Persons: Josh Shapiro, Shapiro, Lou Belmonte, Belmonte, Billy Kyle, guardrails, PennDOT, Inrix, Bob Pishue, Laura Ahramjian, Ahramjian, Stephanie Bartash, Bartash, Jo Bradley, Bradley, It's Organizations: Morning, Pennsylvania, Infrastructure Investment, Jobs, Pennsylvania Department, Transportation, Pennsylvania's Department of Transportation, Buckley, Co, Philadelphia, Pennsylvania Department of Transportation, Pocono, NASCAR, Kittelson, Associates, Bucks, Philadelphia Phillies Locations: Philadelphia, Atlanta, Mississippi, Minnesota, Philadelphia County, Vine, Pennsylvania, Jersey Shore, Delaware, New Jersey, Ambler , Pennsylvania
"As with every family business, everyone is involved in the family business," Annie told CNBC. We grew up in the sector," Annie told CNBC. Zoom In Icon Arrows pointing outwards Annie and David Lu at a Harvard Innovation Labs event, when they were still ideating. As part of this partnership, Unilever tested the H2Ok Innovations solution at its Ben & Jerry's facility in Waterbury, Vermont. "They are exceptionally smart, visionary and courageous — the kind of founders investors dream to back," Iskold told CNBC.
Persons: David, Annie Lu, Annie Lu Annie Lu, Lu, Lu's, hasn't, Annie, David's, David Lu, David Lu They, Sandeep Desai, Desai, Jeff Bussgang, Alex Iskold, doting, Iskold, Dayna Grayson, We've, David giggled, it's Organizations: Harvard, CNBC, H2Ok, Construct, Flybridge, Ventures, Greentown Labs, Forbes, H20k, Harvard Innovation Labs, Unilever, AB InBev, Coca Cola Co, Colgate, Palmolive, Waterbury, Unit, Flybridge Capital, Construct Capital Locations: China, Saskatoon, Canada, Bay, Techstars, Boston, Minnesota, Minneapolis, Waterbury , Vermont, U.S, Brazil, United States, H2Ok
The stock we're adding first is DuPont (DD). In conjunction with the transaction, DuPont was in the process of selling its Mobility & Material (M & M) business to Celanese for $11 billion in cash. 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.
Persons: we'll, DuPont couldn't, Rogers, Celanese, that's, Steve Tusa, Ed Breen, Jim Cramer's, Jim Cramer, Jim Organizations: Dow Jones, DuPont, Investing, Rogers Corporation, Federal Reserve, JPMorgan's, Industry, CNBC, New York Stock Exchange, Bloomberg, Getty Locations: Celanese, China, New York
Activist Commentary: Elliott is a very successful and astute activist investor, particularly in the technology sector. Constellation Brands produces and markets beer, wine and spirits, but it's essentially a beer company with 85% of its revenue coming from beer sales. Moreover, it is not just a niche beer business anymore. First, the company has traded at a discount because of the dual-class share structure that allowed the Sands family to control Constellation. This leaves a core beer business that can now be operated without unnecessary distractions.
Persons: Elliott, William T, Giles, , Luca Zaramella, Sands, Bill Newlands, Rob Sands, missteps, Ken Squire Organizations: Constellation, Mondelez, Constellation Brands, Modelo Especial, Anheuser, Busch, Modelo, Coors, Budweiser, Eastern Seaboard, 13D Locations: COOs, U.S, Mexicali, Mexico
FILE PHOTO: Trading information for KKR & Co is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 23, 2018. REUTERS/Brendan McDermid/File Photo(Reuters) -KKR & Co said on Friday it would buy chemical maker Chase in an all-cash deal valued at about $1.3 billion including debt, to help the private equity firm bolster its holdings in the specialty chemicals sector. Chase manufactures chemicals such as adhesives and coating materials to be used in industries ranging from automotive and electronics to energy markets. KKR has been on a deal-making spree to expand its portfolio of assets and businesses in tech, healthcare, real estate, energy and credit. Valve and pump maker Circor is also poised to sell itself to KKR in a $1.7 billion deal.
Persons: Brendan McDermid, Chase, , Josh Weisenbeck Organizations: KKR, New York Stock Exchange, REUTERS, Wall Street Journal, Valve Locations: New York, U.S, Europe
Anson Dorrance knew he was a pioneer during his eight years as head coach of the US Women’s National Team (USWNT). Any understanding of how and why the USWNT is women’s soccer’s dominant force, a four-time Women’s World Cup winner and favorite to win the next edition currently taking place in Australia and New Zealand, must start with Dorrance, the groundbreaker and the bricklayer. Five years later, the first Women’s World Cup was held in China – not that it was initially labelled a World Cup as world governing body FIFA worried it might not be a success. A third-placed finish followed at the 1995 Women’s World Cup, and then came the Atlanta Olympics a year later. The success of 1999 would lead to the world’s first professional women’s soccer league, the Women’s United Soccer Association (WUSA).
Persons: CNN —, , Anson Dorrance, “ You’re, Dorrance, , , Michelle Akers, ” Akers, Mike Ryan, , Akers, IX, I’m, ” Dorrance, “ There’s, Lori Lindsey, Lauren Cheney, Darryl Dyck, George Bush, Barry Thumma, didn’t, ” Caitlin Murray, Murray, David Cannon, Billie Jean King, “ We’ve, Lindsay, USWNT, Harry, Brandi Chastain’s, “ We’re, ” Brandi Chastain, Robert Beck, Chastain, Mia Hamm, Kristine Lilly, Julie Foudy et, Megan Rapinoe, they’re, it’s, ” Rapinoe, Richard Heathcote, Lindsey, Becky Sauerbrunn, Rapinoe, Alyssa Thompson, Naomi Girma, Taylor Swift Organizations: CNN, US, National, CNN Sport, Dorrance, men’s, University of North, Coaches, FIFA, America, Soccer, Federal, Olympic, Canada, American, High School, National Collegiate Athletic Association, Guatemala, CONCACAF, Canadian Press, Central, USA, “ National, Atlanta Olympics, Getty, US Soccer, revelled, China, Rose, Women’s United Soccer Association, National Women’s Soccer League, “ 99ers, Tokyo, England Locations: Australia, New Zealand, University of North Carolina, Italy, Seattle, Irish, United States, England, Brazil, Central Florida, China, Norway, New York, Hamm
Some health experts are angry over a project the firm funded in schools, per The BMJ. One criticized the decision to give dolls to UK schools as "stealth marketing." But some experts in the health sector are concerned about how far Barbie maker Mattel's marketing really goes. Several experts told the British Medical Journal they took issue with the company's decision to supply 700 UK schools with Barbie dolls as part of Mattel's "Barbie School of Friendship" program. But critics are questioning whether potential negative effects, such as gender stereotyping in Barbie dolls and Mattel's heavy use of branding, were considered.
Persons: Barbie movie's, Barbie, Ken, van Schalkwyk, Philippa Perry Organizations: Mattel, Service, British Medical, Cardiff University, BMJ, Cardiff Locations: Wall, Silicon
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Persons: Dow Jones, 178ad701 Organizations: kkr
"Some areas were just inundated," which had the effect of decreasing vegetable supply, Tronstad said. Overall, the state accounts for nearly half of U.S. vegetable production, according to California Polytechnic State University. George Rose/Getty ImagesBut weather — and its negative impact on crop supply — isn't the only contributor to higher prices for frozen vegetables. The higher prices give farmers a "strong incentive" to plant these commodity products over others (like vegetables), a dynamic that could decrease vegetable supply, Bodor said. Labor supply pressured by reduced Mexican migrationLong-term immigration trends are also serving to put upward pressure on labor costs for farmers, economists said.
Persons: Tayfun, Tronstad, Pam Knox, George Rose, Alison Bodor, Bodor, Trey Malone, Zach Rutledge, Rutledge, Russell Tronstad Organizations: Anadolu Agency, Getty, State, Central Valley . Citizen, Getty Images, California Department of Food, Agriculture, California Polytechnic State University, University of Georgia, Food, Growers, University of Arkansas, Labor, Michigan State University, University of Arizona U.S, Agricultural Workers Survey, University of California Locations: Lompoc , California, Sierra Nevada, Central Valley ., Getty Images California, brussels, U.S, Ukraine, Sacramento, San Joaquin Rivers, Rio Vista , California, Mexico, Davis
But some niche plays like the Internet of Things (IoT) offer significant potential despite lower hype, according to tech investor Richard Clode. Clode, fund manager at Janus Henderson Investors, named NXP Semiconductors and Impinj as two IoT stocks he sees as long-term winners. One IoT technology he sees hitting its stride is radio frequency identification (RFID) for supply chain tracking. It was hailed in the early 2000s as a breakthrough in supply chain visibility. Their specialty chips that can transmit information wirelessly without batteries or line of sight make them ideal for supply chain applications.
Persons: Richard Clode, Janus Henderson, they've, everyone's, Clode, CNBC's Organizations: Janus Henderson Investors, NXP Semiconductors, Global Technology, Fund, Walmart, UPS
[1/3] The sign outside the Sam's Club is seen at its store in Shanghai, China July 12, 2023. The membership stores are also gaining ground amid a sales decline in China's hypermarket sector, which struggled with a shift towards online purchases during the pandemic. The club warehouse format "is the only bright spot," said Derek Deng, who leads Bain & Company's consumer products practice in greater China. "Sam's Club are doing well. But Sam's Club was ultimately confident it is currently miles ahead, one of the people said.
Persons: Aly, Liu Zheng, lockdowns, Derek Deng, Bain, Kantar Worldpanel, Judith McKenna, Bain's Deng, Christina Zhu, Sophie Yu, Brenda Goh, Jamie Freed Organizations: Sam's, REUTERS, Sam's Club, Costco, Walmart, HK, Freshippo, Carrefour, Yonghui, Bain, Reuters Graphics, Reuters, Sun, Retail, M, Beijing Yaodi Agriculture, M Club, Thomson Locations: Shanghai, China, BEIJING, Beijing, U.S, United States, Carrefour China, Peking, Yangzhou, Lanzhou, Sam's
[1/3] The sign outside the Sam's Club is seen at its store in Shanghai, China July 12, 2023. The membership stores are also gaining ground amid a sales decline in China's hypermarket sector, which struggled with a shift towards online purchases during the pandemic. The club warehouse format "is the only bright spot," said Derek Deng, who leads Bain & Company's consumer products practice in greater China. "Sam's Club are doing well. But Sam's Club was ultimately confident it is currently miles ahead, one of the people said.
Persons: Aly, Liu Zheng, lockdowns, Derek Deng, Bain, Kantar Worldpanel, Judith McKenna, Bain's Deng, Christina Zhu, Sophie Yu, Brenda Goh, Jamie Freed Organizations: Sam's, REUTERS, Sam's Club, Costco, Walmart, HK, Freshippo, Carrefour, Yonghui, Bain, Reuters Graphics, Reuters, Sun, Retail, M, Beijing Yaodi Agriculture, M Club, Thomson Locations: Shanghai, China, BEIJING, Beijing, U.S, United States, Carrefour China, Peking, Yangzhou, Lanzhou, Sam's
July 20 (Reuters) - China's frail growth could weigh on companies with exposure to the world's second-largest economy, including Apple (AAPL.O), big chipmakers and luxury retailers as they report quarterly results in the next few weeks. China accounted for 36% of NXP's revenue last year and half of Texas Instruments' revenue. Analysts estimate NXP reporting a 3.2% drop in quarterly revenue, with Texas Instruments' revenue tumbling 16%, which would be its steepest drop since 2009, according to Refinitiv. The specialty glass maker blamed "anticipated recession-level demand" for weak results in its previous quarterly report last April. Coffee maker Starbucks (SBUX.O) in May reported quarterly results that beat estimates, powered by recovering demand in China.
Persons: Ross Mayfield, Baird, Cartier, Richemont, Bernstein, Tesla, Jonathan Golub, hobble, David Klink, Noel Randewich, Chavi Mehta, Caroline Valetkovitch, Mimosa Spencer, David Gaffen, Nick Zieminski Organizations: Apple, U.S, Shanghai, ABB, HK, NXP Semiconductors, Texas, Texas Instruments, . Credit Suisse Chief, Equity, Corning Inc, Samsung Electronics, Huntington Private Bank, Reuters, Thomson Locations: China, U.S, Swiss, Asia, ., China . U.S, Washington, Beijing, Oakland , California, Bangalore, New York, Paris
Goldman Sachs Profit Falls 58%
  + stars: | 2023-07-19 | by ( ) www.wsj.com   time to read: +1 min
Goldman Sachs is the last big bank out of the gate with second-quarter earnings, and things don’t look pretty. Profit fell 58% from one year ago, to $1.22 billion. Some big news: Earnings took a big hit from Goldman’s ongoing exit from consumer lending. Also, Goldman took impairments of about $485 million related to real estate investments, much of that tied to office properties, within its asset management business. The impairments reflected properties the bank sold as well as properties the bank has marked down but not yet sold.
Persons: Goldman Sachs, FactSet, Goldman, GreenSky Organizations: Revenue, Investment
Ad giant IPG is shaking up its data and tech arm Kinesso, and many of the unit's top execs have left. The move comes as IPG looks to cut costs from specialty services like data, a source said. Several top executives at ad agency holding group Interpublic Group's data and technology arm Kinesso have left, and now the unit faces an uncertain future, Insider has learned. IPG launched Kinesso in 2019 as a big bet on pitching marketers additional services that go beyond making and buying ads. Acxiom will remain a standalone unit that will provide data products and services to all of IPG's agencies, the source added.
Persons: IPG, Kinesso, Acxiom, Arun Kumar, Ian Johnson, Kimber Robbins, Nancy Hall, Hall, Philippe Krakowsky, Krakowsky, IPG's, they've, Dentsu, Merkle Organizations: Global, WPP, Mindshare, Reprise, UM, Agency, Epsilon Locations: Mediabrands
Overall, an FDA spokesperson says that “trial participants should reflect the population that is likely to use the product if FDA-approved. Across a group of 10 novel cancer therapies approved by the FDA in 2022, data shows the share of Black participants in key clinical trials ranged from zero to 8%. “Access to clinical trials at the sites where patients are living is an important factor to changing the landscape,” Perez says. “There’s been some novel ways to recruit patients, like using the church and using barbershops to recruit Black patients,” Cho says. Haddad says a number of Mayo patients were receiving experimental therapies through clinical trials when the pandemic began.
Persons: , Leslie Cho, Robert, Suzanne Tomsich, it’s, Edith Perez, Bolt Biotherapeutics, ” Perez, Eli Lilly, , Lilly “, they’ll, Craig Lipset, ” Lipset, ” Cho, “ There’s, Dr, Tufia Haddad, Haddad, Mayo, Jennifer Dahne, Larry Hawk, Hawk Organizations: Women’s Cardiovascular, Cleveland Clinic, of Cardiovascular Medicine, U.S . Food, Drug Administration, FDA, , Health, Committee, Cancer, Janssen Pharmaceuticals, Centers for Disease Control, Research Alliance, Mayo Clinic Comprehensive Cancer Center, Care, Mayo’s Center for Digital Health, College of Medicine, Medical University of South, of Psychology, University, Buffalo, SUNY, JAMA Locations: U.S, Chicago, Dallas, Los Angeles, Philadelphia, Los Angeles County, Alaska, , Medical University of South Carolina
Off-price retailers TJ Maxx and Marshalls buy surplus inventory from department stores at discounted rates. Comparison prices convince shoppers that they are getting a good deal. Every product in TJ Maxx, whether it's a t-shirt or candle, has a recognizable tag attached. Paul Morigi/GettyThese comparison prices reinforce shoppers' confidence in their buying decisions, marketing professor Alexander Chernev told the Wall Street Journal in a recent video explaining TJ Maxx's strategy. In 2015 and 2018, two class-action lawsuits accused TJX of misleading customers with its comparison prices.
Persons: TJ Maxx, TJX, TJ, Paul Morigi, Alexander Chernev, It's, I'm Organizations: TJ Maxx, Marshalls, Service, TJX Companies, TJ, Wall Street, ABC Locations: Wall, Silicon, California, Florida
Jesse Collier spent nearly $6,000 on a 10 -day vacation for two. She says she could've saved money by traveling in the off-season , and preparing some meals herself . It was our first trip since 2019, and my husband and I decided on a tropical getaway to Maui, Hawaii. I was so excited to be on vacation again after spending what felt like an eternity at home that I acted careless with money, which was very unlike me. Here's how I could have saved quite a bit of money on my trip to Hawaii.
Persons: Jesse Collier, could've, Collier, You'll, Boss, let's Organizations: Service, Maui, Coral Gardens Locations: Wall, Silicon, Maui, Hawaii, Coral, Molokini, Wailea, Honolua Bay, Oahu, Kauai, Worth
Best Pet Insurance for Senior Dogs
  + stars: | 2023-07-12 | by ( Kelly Burch | Evelyn He | Sarah Silbert | ) www.businessinsider.com   time to read: +28 min
The Best Pet Insurance for Senior DogsMany pet insurance companies have high premiums for older pets and exclude animals that have pre-existing conditions. Pet Insurance for Seniors Company ReviewsSpot Pet InsuranceThe first thing to love about Spot Pet Insurance: There's no upper age limit. Why You Should Trust Us: Our Expert Panel for the Best Pet Insurance for Senior DogsTo put together this list of the best pet insurance for seniors, we interviewed the following experts:Vanessa Selger, an emergency veterinarian in Virginia Beach. Methodology: How We Chose the Best Pet Insurance for Senior DogsTo choose the best pet insurance for seniors, we compared more than 14 pet insurance companies and followed our insurance rating methodology. The Experts' Advice on Choosing The Best Pet Insurance for SeniorsWhen you're choosing pet insurance for senior animals, there are three main factors: the cost, your pet's age, and their health.
Persons: they're, Trupanion, Vanessa Selger, you'll, it's, Pumpkin, It's, Figo, ASPCA, Kari Steere, Selger, Steere Organizations: Insurance, Senior Dogs, Reading Chevron, Pet Insurance, Pet, American Kennel, AKC Insurance, Seniors Locations: Virginia Beach
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