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Royal Caribbean invited me to spend three complimentary nights on its new Icon of the Seas in January. My eight favorite amenities included the waterpark and jazz bar. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. If you're a frequent cruiser — especially with Royal Caribbean — amenities like the mini-golf course and water playground may not seem exciting. But of all the activities the new world's largest cruise ship has to offer, my eight favorites are, for the most part, ones I've yet to see on another vessel.
Persons: Organizations: Royal, Service Locations: Royal Caribbean
The Nasdaq sank 2% on Friday as Netflix dropped nearly 11% post-earnings and Club stock Nvidia fell 10%, entering bear market territory but still up more than 50% in 2024. Following a much stronger-than-expected March retail sales report last month, fresh economic data and six Club stock earnings will take center stage in the week ahead. While lower rates may help stock multiples, that is not a sustainable path to higher equity prices over time. Earnings : The latest quarterly reporting season is starting to ramp into high gear with six Club names set to report next week. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Dow, Jerome Powell, Jim Cramer, Mark, Meta, Bing, Ford, Vimal, Lockheed Martin, Clark, Philip Morris, Sherwin, Williams, Baker Hughes, Lam, Northrop, Dr Pepper, CARR, Edwards Lifesciences, Jim Cramer's, Jim, Michael M Organizations: Nasdaq, Netflix, Nvidia, Dow Jones, Federal, Fed, Hamas, Gross, Google, Reality Labs, General Motors, Honeywell, Microsoft, Verizon Communications, Albertsons Companies, SAP, Cadence Design Systems, United Parcel Service, General Electric, GE, PepsiCo, Lockheed, Spotify Technology, RTX Corporation, JetBlue Airways, Halliburton, HAL, Philip Morris International, Quest Diagnostics, Texas Instruments, Seagate Technology, Mattel, Veralto Corporation, Boeing, General Dynamics, Boston, Hilton, Fisher, Otis Worldwide, IBM, Grill, Viking Therapeutics, Lam Research, Whirlpool, WM, Honeywell International, Royal Caribbean Cruises, American Airlines, Altria, Newmont, Caterpillar, Southwest Airlines, Myers Squibb, AstraZeneca, Mobileye, Northrop Grumman, CNBC, Comcast, Merck, Dow Inc, Carrier Global, Union Pacific, Intel, Western, Mobile, L3Harris Technologies, Exxon Mobil, Chevron, Colgate, Palmolive, HCA Healthcare, Charter Communications, Newell Brands, Jim Cramer's Charitable, Traders, New York Stock Exchange, Santiago, Getty Locations: Israel, Iran, Ukraine, destocking, China, Cleveland, Freeport, McMoRan, Kimberly, Masco, Bristol, New York City
Hard-to-handicap geopolitical conflict never helps, even if it rarely serves as the key swing factor in a market trend. .SPX 1Y mountain S & P 500, 1-year And then there was simply the elevated valuation and over-optimistic sentiment that had built up over that five-month, 28% rally that culminated at the end of March. Over the long span of time, about 40% of all 5% market pullbacks deepened into full 10% corrections. A 10%-ish correction from the S & P 500 high of 5254 would pull the index down below 4800, the former record high from early 2022, and so would be a test of the first-quarter breakout. Last week's 3% decline took the index back to Feb 21 and thereby closed the "Nvidia gap," the 100-point S & P 500 pop the day after Nvidia's blowout fourth-quarter earnings report.
Persons: Warren Pies, Jerome Powell Organizations: Nasdaq, 3Fourteen, Nvidia, Big Tech, Treasury, Silicon Valley Bank Locations: Silicon
That's the reality for the ultra rich, and people like Jaclyn Sienna India make it happen. India is the founder of a Sienna Charles, a members-only travel agency that caters to wealthy clients who take million-dollar trips around the world. That includes "arranging spa appointments, recruiting house staff, helping clients build a home gym, whatever they need," India told The Cut. "He has all the money in the world, but he didn't want to go to Michelin-star restaurants," India told The Cut. "A lot of our clients work really, really hard, and it's important for them to have consistency and routine wherever they go."
Persons: Jaclyn Sienna India, Sienna Charles, she's, they're Organizations: FedEx, Michelin Locations: Versailles, India, New York City, Dallas, Los Angeles, San Francisco
Analyst Laura Champine also lowered her price target to $80 from $85, implying a 6% increase for the stock. "New York City office is one of the few REIT subsectors seeing improved demand," the analyst wrote. The bank double-upgraded the e-commerce platform to overweight from underweight and hiked its price target to $62 from $35. Feather added that eBay stock is currently trading at a discount versus peers, with Etsy trading around 35% higher. "JetBlue's DNA aligns with our broader preference for loyalty, premium, and international exposure ... albeit with less vigor than the Big 3," the analyst wrote.
Persons: TD Cowen, Morgan Stanley, Needham, Laura Martin, Andy, Martin, — Jesse Pound, Laura Champine, Champine, — Lisa Kailai Han, Tesla, Emmanuel Rosner, Elon Musk, Rosner, Fred Imbert, John Kim, Kim, SLG, KeyBanc, Eric Heath, Heath, Nathan Feather, Feather, James West's, West, Jamie Baker, Baker, Lisa Kailai Han, Matthew Ramsay, Ramsay Organizations: CNBC, Nvidia, Amazon, Wholesale, BJ's Wholesale, Deutsche Bank, Tesla, Reuters, BMO Capital Markets, Green Realty, New York City, SL Green Realty, SL Green, SL, KeyBanc, eBay, EBAY, GE, ISI, GE Vernova, General Electric, JPMorgan, JetBlue JPMorgan, JetBlue, Jetblue, Technology, NVIDIA, Match Group Locations: China, Manhattan, York City, Wednesday's, York
Royal Caribbean's Icon of the Seas could be an expensive vacation compared to other cruise ships. Sailing on the mega-ship without paying for any of its upcharged amenities is possible. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA budget vacation on Royal Caribbean's new wildly popular Icon of the Seas is possible.
Persons: Organizations: Service, Business
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Jason Snipe, Alex Kantrowitz, and Joe TerranovaJason Snipe, Odyssey Capital Advisors principal, Alex Kantrowitz, Big Technology founder, and Joe Terranova, senior managing director at Virtus Investment Partners, join CNBC's 'Closing Bell' to discuss what to watch in Netflix earnings, mega caps, and more.
Persons: Jason Snipe, Alex Kantrowitz, Joe Terranova Jason Snipe, Joe Terranova, CNBC's Organizations: Odyssey Capital Advisors, Big Technology, Virtus Investment Partners
CNN —After a disastrous year marked by high costs, accusations of environmental harm and project cancellations in 2023, there’s a sense the US offshore wind industry is on a rebound. But offshore wind is increasingly Trump-proof, according to a top White House climate official, wind CEOs and an industry analyst. “This year will be a significant year for offshore wind development,” BOEM director Elizabeth Klein told CNN in a statement. The US supply chain for offshore wind is still being built; therefore, projects are turning to European manufacturers to get blades, gearboxes, and other components. Now, he said, Northeast governors “just want to make sure their states have energy.”New York has been aggressively pursuing offshore wind projects, rebidding previously canceled projects and accepting those projects at higher prices.
Persons: , Sam Huntington, , aren’t, Donald Trump –, Trump, Ali Zaidi, that’s, ” Zaidi, we’ve, Zaidi, “ We’re, ” Huntington, Elizabeth Klein, Matthew J, Lee, There’s, Clint Plummer, ” Plummer, Pedro Azagra Blázquez, ” Blázquez, rebidding, Plummer, they’re Organizations: CNN, P, White House, White, Biden, US Bureau of Ocean Energy Management, Vineyard, New, Boston Globe, Power Locations: Wisconsin, Trump, Europe, Gulf of Maine, Oregon, New Bedford, Massachusetts, Huntington, New York, Danish, Asia, Friendly, New England, York
Wall Street analysts on Monday issued a bearish call on Club holding Honeywell International , citing its lagging stock performance and sluggish growth prospects. We're hopeful management can get the company back on track by reshaping its massive portfolio of far-flung businesses. The analysts said investor concerns about subpar organic growth in Honeywell's massive portfolio have caused the stock to underperform its peers. Jim Cramer has acknowledged Honeywell's lackluster performance and urged CEO Vimal Kapur to reshape the company's portfolio. Honeywell International Inc. signage is displayed on a monitor on the floor of the New York Stock Exchange (NYSE) in New York.
Persons: Jim Cramer, Vimal Kapur, Jim, That's, Kapur, we've, GEHC, Jim Cramer's, Michael Nagle Organizations: Honeywell, Deutsche Bank, GE Healthcare Technologies, General Electric, GEHC, CNBC, Honeywell International Inc, New York Stock Exchange, Bloomberg, Getty Locations: New York
A Team USA bodysuit is reigniting a conversation about the design of women's athletic outfits. Following the reveal of the showy unitard, athletes quipped that they would definitely need a thorough wax to wear the women's piece. Jordana Katcher, Nike's vice president for global sports apparel, also told the Post that several women athletes had requested the unitard specifically. Black women athletes are often hyper-sexualized or painted as angry or evil. Women athletes in sports like gymnastics, volleyball, and track and field are sometimes expected to wear bikini bottoms or short leotards.
Persons: Lauren Fleshman, , Tara Davis, Woodhall, Anna Cockrell, Stephanie Lecocq, Jordana, Queen Harrison, Claye —, Harrison, Claye, Marc Atkins, Fleshman, Naomi Osaka, Sha'Carri Richardson, Angel Reese, Caitlin Clark, Reese, Emmanuel Acho, Katie Moon, Voss, FABRICE COFFRINI, Organizations: Service, USA, Olympic, Washington Post, Reuters Nike, Nike, Business, Team USA, British, Getty, New York Times, BBC, International Handball Federation, Tokyo Locations: Washington, AFP, Norwegian
The Federal Trade Commission is preparing to sue to block a luxury fashion mega merger, Tapestry’s $8.5 billion takeover of Capri Holdings, two people with knowledge of the matter said. The F.T.C.’s five commissioners are expected to meet next week to discuss the case, a move that could precede a formal vote on whether to file a lawsuit, the people said. The people, who were not authorized to discuss the deliberations, said that it was still possible that the agency could opt not to sue. Monopoly cases in the fashion industry are rare, because there is no shortage of new labels looking to undercut legacy brands. “It is the paradigmatic part of the economy where there is ample competition,” said Howard Hogan, the chair of the fashion, retail and consumer practice at the law firm Gibson Dunn.
Persons: , Kate Spade, Capri’s Versace, Michael Kors, Louis Vuitton’s, , Howard Hogan, Gibson Dunn Organizations: Federal Trade Commission, Capri Holdings, Gucci, Monopoly Locations: American
Elon Musk's mega pay packet will be taken back to Tesla shareholders for another vote. The $47 billion package, first approved in 2018, was voided by a Delaware court in January. A statement filed with the SEC Wednesday says Musk hasn't been paid for his work at Tesla in six years. AdvertisementTesla will ask shareholders to vote again on Elon Musk's enormous pay package, which was previously overturned by a court. The carmaker announced its plans for another vote in a proxy statement filed with the Securities and Exchange Commission on Wednesday.
Persons: Elon, hasn't, , Tesla Organizations: SEC Wednesday, Service, Elon, carmaker, Securities and Exchange Commission, Delaware Court, Business Locations: Delaware
A Senate committee is asking Bank of America about payments from Leon Black to Jeffrey Epstein. The Senate is investigating tax avoidance strategies used by the mega-rich, The New York Times reports. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA Senate committee investigating $158 million in payments that private equity investor Leon Black made to Jeffrey Epstein has brought Bank of America into the mix.
Persons: Leon Black, Jeffrey Epstein, , Ron Wyden Organizations: Bank of America, New York Times, Black, Service, Senate Finance Committee, Business Locations: Oregon
Restaurant franchisees say they're the real losers of California's $20 fast-food minimum wage. AdvertisementFranchisees say they have to bear the brunt of California's new $20 minimum wage for fast-food workers. But the $20 wage applies to both corporate-owned and franchise restaurants, even if the franchisee just owns one or two restaurants. She added that the new $20 wage felt like an "unfair target on our backs." "You're going to have to have the mega owners as they're called, or 20 stores, a hundred stores, 500 outlets.
Persons: , Keith Miller, Brian Hom, We're, Hom, Miller, he'd, Mike Mangoine, Jessica D'Ambre, D'Ambre, Matthew Haller, Burger King, they're Organizations: Service, Business, Subway, McDonald's Corporation, Los Angeles Times, Times, International Franchise Association, Taco Bell Locations: California, San Jose , California, Los Angeles, Inland, Burger, McDonald's
Faith Ringgold, who died Saturday at 93, was an artist of protean inventiveness. Painter, sculptor, weaver, performer, writer and social justice activist, she made work in which the personal and political were tightly bonded. And much of that work gained popularity among audiences that didn’t necessarily frequent galleries and museums. But the art establishment, as defined by major museums, big-bucks auction houses and a few talent-hogging galleries, never knew quite what to do with it, or with her. In 2016, the Museum of Modern Art finally brought Ringgold into its collection with the acquisition of several pieces from early in her career.
Persons: Faith Ringgold, Painter, Ringgold Organizations: Museum of Modern Art Locations: Venice
What will it take to get Apple stock and iPhone sales out of their slumps? Although details on Apple's AI offerings are limited, management's track record has shown that new innovative features to Apple's devices will improve the overall user experience. We expect to learn more about Apple's AI strategy during the company's annual Worldwide Developer Conference (WWDC) in June. Apple stock continued modestly higher on Friday — bucking a sharp sell-off in the overall market that was led by a major reversal in tech. The Club did sell some Apple, along with seven other big tech stocks, on the first trading day of the new year .
Persons: , hasn't, Jim Cramer, Jim, Jim said, Tim Cook, Jim Cramer's, Christian Organizations: Apple, Wall Street, JPMorgan, Club, Developer Conference, Bloomberg, Justice, CNBC, Getty Locations: AAPL, China, U.S, Apple, Hamburg, Germany
Simpson owed a huge sum to the families of Ron Goldman and Nicole Brown Simpson, reports say. Simpson died owing millions to the family of Ron Goldman and Nicole Brown Simpson following a wrongful death lawsuit in 1997, an attorney for the Goldman family has said, according to reports. It ordered him to pay $33.5 million, which has ballooned to $114 million due to unpaid interest charges, a Goldman family lawyer told People. Ron Goldman and Nicole Brown Simpson, right, were found stabbed to death at Simpson home in 1994. Reuters/APMost of the money that the Goldman family has received from Simpson has been through the sales of a book Simpson wrote about the deaths, said Cook.
Persons: O.J, Simpson, Ron Goldman, Nicole Brown Simpson, , Goldman, David Cook, Christopher Melcher, Goldman's, Fred Goldman, Cook, OJ Simpson, Brown, Denise Brown, Kim Goldman Organizations: Service, The New York Times, Times, Screen Actors Guild, Reuters, AP, MEGA, O.J, Fox News Locations: California, Las Vegas , Nevada, Florida
Fashion’s Favorite Farm
  + stars: | 2024-04-14 | by ( Jessica Iredale | ) www.nytimes.com   time to read: +1 min
There are certain things the fashion industry will always love: The young and beautiful. By those metrics, Dan Colen is giving fashion a lot to love right now. A blue-chip artist represented by the mega-gallery Gagosian, he founded a farm called Sky High that donates 100 percent of its food to local pantries in upstate New York. Among the infamous work from that time were the “hamster nests” Mr. Colen created with Dash Snow. Snow ejaculated on newspapers while Ryan McGinley photographed the whole scene, including Mr. Colen’s oft-mentioned genitals.
Persons: Dan Colen, Colen, Dash Snow, Snow, Ryan McGinley, Colen’s Locations: New York, York
From late October through March, the S&P 500 enjoyed a virtually uninterrupted 27.6% rally based on better-than-expected earnings and economic data. And while it's still well below the dot-com bubble levels, it's still too close for comfort for many investors. Related story"Those higher rates are starting to push back on elevated valuations for stocks right now," Saglimbene said. "They're all much cheaper on an earnings basis than those Magnificent 7 companies," Saglimbene said. "So I think if we avoid a recession this year, the narrative will change to a broadening of companies and sectors that can participate in earnings growth this year."
Persons: aren't, Anthony Saglimbene, Rick Pitcairn, Pitcairn, it's, we've, Raheel Siddiqui, Neuberger Berman, Siddiqui, Jon Wolfenbarger, Albert Edwards, Bill Smead, James Ragan, DA Davidson, Ragan, Saglimbene, Indrani, she's, De, Davidson, Siddiqui's Organizations: Ameriprise, Business, DA, FTSE Russell, Investors Locations: Ameriprise
"We all make compromises," Pollan told Business Insider ahead of the release of his latest documentary, Food, Inc. 2, out April 12. "We do the best we can, and people pick out the issues they want to deal with, and can deal with." AdvertisementAt home, Pollan tries his best to avoid eating industrial meat, eggs, or any other product from big factory farms. They keep a stash of well-sharpened knives, ready to chop and cook a rainbow of veggies for dinner most nights. The reality is that Pollan does participate in America's industrialized food system.
Persons: Michael Pollan, it's, Pollan, I'd, He's, Joey Hadden, Jon Tester, he's Organizations: New York Times, Food, Inc, Business, Amazon, Taco Bell, Democratic, Food Inc Locations: Alaska, yuba, Moroccan, Berkeley , California, Waterloo , Iowa, Florida, Washington, Montana
Power Lunch panel weighs in on AI chip competition heating up
  + stars: | 2024-04-12 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPower Lunch panel weighs in on AI chip competition heating upSarat Sethi, DCLA managing partner and CNBC's Steve Kovach join 'Power Lunch' to discuss if the AI halo has expanded beyond the mega-caps, why AI requires so much power, and more.
Persons: Sarat Sethi, DCLA, Steve Kovach
Without strong profit progress in the Q1 earnings season starting in mid-April, US stocks may surrender their 8.2% year-to-date gain. Loftier estimates, top-heavy earnings are reasons for worryFirms have a rather low bar to clear in the upcoming earnings season, as is often the case. The market's largest companies are disproportionately driving earnings growth in addition to stock returns, Goldman Sachs found. The Q1 earnings season begins in earnest on Friday as big banks share results. Early reporters have beaten earnings estimates by 13.5%, Golub wrote, which he added is more than double the typical rate.
Persons: Richard Saperstein, James Ragan, David Kostin, Goldman Sachs, Kostin, Anthony Saglimbene, Ameriprise, we're, Saglimbene, Arun Bharath, Bharath, Jonathan Golub, Golub, they're Organizations: Federal Reserve, Business, Treasury Partners, DA Davidson, Nvidia, Big Tech, Bel Air Investment Advisors, UBS, Institute for Supply Management Locations: America
Vietnamese real-estate tycoon Truong My Lan was sentenced to death for her role in a $12.5 billion fraud case. Lan's fraud case is part of Communist Party Secretary Nguyen Phu Trong's corruption crackdown. Lan, the chairwoman of real-estate developer Van Thinh Phat Group, was arrested in 2022 over the fraud case. AdvertisementThe high-profile fraud case has scandalized the country and is raising questions about the one-party state. For context on the scale of the Vietnam fraud case, consider the 1MDB case, which rocked Malaysia and the world when it started to unravel in 2015.
Persons: Truong, Lan, Communist Party Secretary Nguyen Phu, , Van Thinh, Zachary Abuza, Trang Bui, Bui Organizations: Communist Party Secretary, Service, Prosecutors, Vietnamese Communist Party, National War College, Washington DC, Bloomberg, Cushman, Nikkei Locations: Vietnam, China, Malaysia, Malaysian, Hanoi, Washington, Wakefield
Walter Iooss Jr./Sports Illustrated via Getty Images Simpson competes during a track event at the University of Southern California in 1967. Focus On Sport via Getty Images Simpson gets ice applied to his bandaged right foot from his wife Marguerite in 1967. Bettmann Archive/Getty Images Simpson poses with the Heisman Memorial Trophy after receiving the award in 1968. Bettmann Archive/Getty Images Simpson is brought down by another football player during the Hula Bowl in 1969. ABC Photo Archives/Disney General Entertainment Content via Getty Images Simpson acts in a scene from the 1978 film "Capricorn One."
Persons: Gene Seymour, Orenthal James Simpson, Gene Seymour Jeremy Freeman, we’ve, We’ll, Simpson, Jim Brown, Muhammad Ali, Bill Russell, “ I’m, acclimate, Simpson’s, Nicole Brown Simpson, Ronald Goldman, O.J, Bundy, Vince Bucci, Malcolm W, Emmons, Walter Iooss Jr, Marguerite, Arnelle, Tony Tomsic, Jason, Michael Ochs, Lola Falana, Richard Burton, Everett, George Gojkovich, Bruce Bennett, Jim Ringo, LeVar Burton, Gilda Radner, Jane Curtin, Joe Namath, Frank Gifford, Mickey Pfleger, Nicole, Adam, PhotoQuest, Vinnie Zuffante, Leslie Nielsen, George Kennedy, Al Cowlings, Ford Bronco, Simpson's, Ronald Lyle Goldman, Allen J, Simpon, Cowling, Ron Galella, Chris O'Meara, Robert Kardashian, Alvin Michelson, Kardashian, Barbara Alper, Johnnie Cochran , Jr, Myung J, Chun, Reuters Simpson, Wilfredo Lee, Colin Braley, Christy Prody, Frazer Harrison, Jason Bean, Brooke Keast, AP Simpson, Jeffrey T, Barnes, Brown, O.J . Simpson, Mark Fuhrman Organizations: The New York Times, Newsday, Entertainment, The Washington, CNN, University of Southern, LA Coliseum, Fame, Getty, Sporting, USC, Bettmann, UCLA, Buffalo Bills, USA, Michael Ochs Archives, New York Jets, NFL, ABC, Disney, Warner Bros, San Francisco 49ers, AP, United, Paramount, Everett, Ford, Los Angeles Times, Los Angeles Police, New York Daily News, Los Angeles Daily, AP Simpson, Reuters, Lovelock Correctional, Nevada Department of Corrections, Goldman, Los Angeles Police Department Locations: University of Southern California, San Francisco, O.J, Los Angeles, Simpson, AFP, Hollywood, California, Cowlings, Simpson's Brentwood , California, Tampa , Florida, Los, Surrey, England, Miami, Dade County, Lovelock , Nevada, Las Vegas, Lovelock, Nevada
Why does this election matter? Mexico’s vote on June 2 will be a landmark election in several ways. It will be the country’s largest election in terms of voters and seats. President Andrés Manuel López Obrador cannot run again under the constitution, and he has strongly backed his protégée and fellow Morena party member, Claudia Sheinbaum, who pledges to continue the current leader’s agenda. Her primary opponent is Xóchitl Gálvez, a strong critic of the López Obrador administration who vows to return checks and balances to government.
Persons: Andrés Manuel López Obrador, Claudia Sheinbaum, Xóchitl Locations: Mexico
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