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☆ Opinion | What’s in a Name? Musk/Twitter Edition
▼ + stars: | 2023-07-27 | by ( Paul Krugman | ) www.nytimes.com time to read: +2 min

Philip Morris renamed itself Altria, presumably in part to diminish its perceived association with lung cancer, but its customers still smoke Marlboros. But absent such good reasons, sensible businesses keep the brand names their customers keep buying. The Twitter logo was also fine — distinctive, instantly recognizable and without any obvious negative connotations. Furthermore, the new logo — a slightly embellished version of the letter X — is problematic in several ways. Many TAFKAT users say that they’re embarrassed by the logo, which makes them feel as if they’re visiting a porn site.

Persons: Philip Morris, It’s, Jemima Organizations: Google, 7Up, PepsiCo, Twitter Locations: America, Ukraine

Still, money market traders are split on the odds of another increase later in the year.FEDWATCH"The 25 basis point rise is a done deal. "The risk is that the Fed, looking at market bullishness, may not want to sound too dovish - they may want to keep the door open for more rate hikes." The MSCI world equity index (.MIWD00000PUS), which tracks shares in 47 countries, was flat. In Hong Kong, the Hang Seng index (.HSI) was down 0.3% and China's blue chip CSI300 index (.CSI300) was off 0.2%. Positive sentiment had returned to China's market on Tuesday, when the CSI 300 Index snapped a six-day losing streak.

Persons: Luca Paolini, Alison Rose, Nigel Farage's, We're, David Chao, Tom Wilson, Scott Murdoch, Jamie Freed, Kim Coghill Organizations: Fed, Federal, Pictet Asset Management, NatWest, BBC, Lloyds, CSI, ECB, Brent, Thomson Locations: SYDNEY, U.S, Germany, France, Britain, CHINA, Asia, Pacific, Japan, Hong Kong, London, Sydney

Stocks paying high dividend yields could become "increasingly important" for investors' portfolios, according to Trivariate Research founder and CEO Adam Parker. Energy company Chevron , the largest market-cap company on the list, offers a dividend yield of 3.7%. Almost 50% of analysts covering the stock have either a strong buy or buy rating on shares, according to Refinitiv. Three-quarters of analysts covering the company have either a strong buy or buy rating on shares, per Refinitiv. IBM is another high and steady yielding stock named by Trivariate, with a dividend yield of 4.7%.

Persons: Stocks, Adam Parker ., Morgan Stanley, Parker, Chevron, Philip Morris, Jacek Olczak, — CNBC's Michael Bloom Organizations: Research, Federal, Energy, Chevron, Telecommunications, Verizon, Refinitiv, IBM Locations: FactSet

☆ Gas prices just saw their biggest one-day increase in a year
▼ + stars: | 2023-07-25 | by ( Matt Egan | ) edition.cnn.com time to read: +2 min

New York CNN —The monthslong calm in gas prices is over. However, gas prices are much lower today than they were last summer, when they spiked above $5 a gallon. David Paul Morris/Bloomberg/Getty ImagesAs recently as July 4, gas prices had experienced a nearly unprecedented year-over-year decline. The unwelcome shift higher in pump prices follows a jump in oil prices, which have climbed to three-month highs as part of a broader rally in commodities. Cooling inflation, driven in part by easing gas prices, has raised hopes that the United States can avoid a recession.

Persons: ”, Andy Lipow, David Paul Morris, Lipow, ” Lipow Organizations: New, New York CNN, AAA, CNN, Lipow Oil Associates, Bloomberg, Getty, Federal Reserve, OPEC Locations: New York, Ukraine, United States, Russia, Saudi Arabia, OPEC, Europe

☆ A mystery buyer paid $875,000 for 11 Hunter Biden paintings
▼ + stars: | 2023-07-25 | by ( Sonam Sheth | Mattathias Schwartz | ) www.businessinsider.com time to read: +4 min

A mystery buyer spent $875,000 on 11 of Hunter Biden's paintings. That's according to internal documents from Biden's art gallery that Insider obtained. Hunter Biden was aware of Hirsh Naftali's identity as well as the identity of another buyer, Kevin Morris, Insider learned. Hunter Biden's counsel told Insider that he became aware of the buyers' identities after their purchases because they were his friends. Hirsh Naftali's role on the commission establishes at least one point at which the worlds of Hunter Biden's art patrons and President Biden's donors overlap.

Persons: Hunter, Biden, Georges Bergès, Joe Biden, Elizabeth Hirsh Naftali, Hunter Biden, Hirsh Naftali's, Kevin Morris, Hunter Biden's, " Hunter Biden, Ian Sams, Nate Freeman, what's, Freeman, Benjamin Godsill, Godsill Organizations: Service, Commission, America's, Biden White, The Washington Post, White Locations: New York, Wall, Silicon, Manhattan

☆ The US is in a 'Barbie-type' market at the moment: financial services firm
▼ + stars: | 2023-07-25 | 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 EmailThe US is in a 'Barbie-type' market at the moment: financial services firmGeorge Ball of Sanders Morris Harris explains his bullish call for the S&P 500.

Persons: George Ball, Sanders Morris Harris

☆ Nearly 4 in 5 US companies have posted second-quarter earnings that beat Wall Street estimates
▼ + stars: | 2023-07-25 | by ( Joseph Wilkins | ) www.businessinsider.com time to read: +2 min

As of Monday, 87 companies had reported their Q2 earnings – 78% of which beat analysts' expectations. Some of the biggest names to beat the Street this quarter are Tesla, Bank of America, and Philip Morris. The good news: 78% percent of them beat estimates, by an average 6.2%. Among the biggest names, Tesla reported a 20% earnings jump to 91 cents per share, surpassing analysts' estimate for 82. While earnings estimates have, for most companies, beaten targets, Fidelity's Timmer warns investors not to get carried away.

Persons: Philip Morris, It's, Jurrien, Jurrien Timmer, Timmer, Tesla, Goldman Sachs Organizations: Bank of America, Fidelity, Service, Microsoft, Fidelity Investments, Meta Locations: Wall, Silicon

☆ Beond: the new Maldives airline that's all business class
▼ + stars: | 2023-07-24 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +9 min

BeondAbout three dozen airlines currently offer service to Velana International Airport, the Maldives’ main airport near the capital island Malé. “The Maldives is one of those markets that can fill an aircraft, even a mostly economy class cabin,” says Feuerherd. However all-business class airlines have used narrow-bodies before. There are no direct flights from Delhi, but carriers including Air India have business class seats from around $750 with a single connection. “There probably is a niche to carve out of premium travelers who want more of a private jet experience, but maybe don’t have the private jet budget.”

Persons: CNN —, –, ”, Sascha Feuerherd, “, Beond, “ We’re, they’d, Arabesque, coy, Feuerherd, it’s, Matteo Colombo, Rob Morris, ” Mike Stengel Organizations: CNN, Ferrari, Airbus, Velana International, Emirates, Qatar Airways, Turkish Airlines, Beond, Perth, Boeing, La Compagnie, British Airways, Etihad, Oman Air, Air India, – Locations: Maldives, India, ”, Malé, Dubai, Delhi, Germany, Frankfurt, Munich, Asia, UAE, Maldivian, Europe, Japan, South Korea, China, Australia, South Africa, Cape Town, La, French, Paris, New York, London, Oman, Emirates, Cirium, – Dubai, Qatar

☆ Exclusive: Hunter Biden's gallery sold his art to a Democratic donor 'friend' who Joe Biden named to a prestigious commission
▼ + stars: | 2023-07-24 | by ( Mattathias Schwartz | ) www.businessinsider.com time to read: +10 min

Internal gallery documents reveal that sales of Hunter Biden's art brought in $1.3 million. The messaging seemed to suggest that Hunter Biden's art patrons came from a rarified universe of collectors who had nothing to do with the hurly burly of politics. Hunter Biden did in fact learn the identity of two buyers, according to three people directly familiar with Hunter Biden's own account of his art career. In the past, Hunter Biden has privately suggested that he could arrange to have friends seated on the commission. In fact, according to the person familiar with Hunter Biden's account, Morris purchased the art through Biden's gallery.

Persons: Hunter Biden, Elizabeth Hirsh Naftali, Kevin Morris, Hunter Biden's, Joe Biden, Hunter, Hirsh Naftali, Biden, Kamala Harris, Hirsh Naftali's, —, Nancy Pelosi, Ian Sams, Bruce Weinstein, it's, Weinstein, Eric Schwerin, Barack Obama, Eric, Schwerin, Abbe Lowell, Lowell, Georges Bergès, Hunter Biden's gallerist, Hunter Biden deplanes, Elizabeth Frantz, Morris, Charlie Horne, Gurr Johns, he'd, Kedric Payne, Mattathias Schwartz Organizations: Service, Biden White, Biden White House, California Democratic, Democratic National Campaign, Commission, America's, RAND Corporation, Air Force, New York Times, Times, Department of Justice Locations: Wall, Silicon, New York, Los Angeles, California, Israel, Europe, Syracuse , New York

[1/3] People embrace as they stand near damage to a road, after the heaviest rain to hit the Atlantic Canadian province of Nova Scotia in more than 50 years triggered floods, in Ellershouse, West Hants Regional Municipality, Nova Scotia, Canada July 23, 2023. REUTERS/John Morris/File PhotoOTTAWA, July 24 (Reuters) - Two of the four people missing after floods ripped through the Canadian Atlantic province of Nova Scotia over the weekend are dead, Premier Tim Houston said on Monday. The floods washed away roads, swamped buildings and damaged bridges and a Canadian National Railway (CNR.TO) track connecting with Halifax, Canada's fourth-largest port. Canadian National has already restored much of the damaged infrastructure, but some repairs will be delayed until the flood waters recede, company spokesman Scott Brown said. "With supply chains the reality is the longer the disruption lasts, the more severe the impact is," he said by phone.

Persons: John Morris, Tim Houston, Houston, Scott Brown, Lane Farguson, Farguson, David Ljunggren, Nia Williams, Aurora Ellis, Grant McCool Organizations: Atlantic, Ellershouse , West, Ellershouse , West Hants Regional, REUTERS, OTTAWA, Canadian, Monday, Police, Canadian National Railway, Canada's, Canadian National, U.S . Midwest, Thomson Locations: Atlantic Canadian, of Nova Scotia, Ellershouse ,, Ellershouse , West Hants, Ellershouse , West Hants Regional Municipality , Nova Scotia, Canada, Canadian Atlantic, Halifax, Europe, Asia, Ottawa, British Columbia

☆ Oppenheimer never won a Nobel Prize, but these 31 scientists with ties to the Manhattan Project did
▼ + stars: | 2023-07-24 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +26 min

Manhattan Project: After a harrowing escape from Nazi-occupied Denmark in 1943, Bohr began consulting on the Manhattan Project. Manhattan Project: Between 1943 and 1944, Muller was a civilian advisor for the Manhattan Project, consulting on experiments studying the effects of radiation. Maria Goeppert Mayer, Nobel Prize in Physics, 1963Maria Goeppert Mayer worked on the Manhattan Project and later won the Nobel Prize in physics. Manhattan Project: Working as an assistant to his father, Niels Bohr, Aage Bohr proved instrumental in interpreting for some members of the Manhattan Project. Manhattan Project: At 18, Glauber was still a student at Harvard when he became one of the youngest scientists to join the Manhattan Project.

Persons: Robert Oppenheimer, Alfred Nobel, Joseph Rotblat, Albert Einstein, Christopher Nolan's, Oppenheimer, Niels Bohr, Bohr, Nicholas Baker, Nick, James Franck, Boyer, Roger Viollet, Gustav Ludwig Hertz, Niels Bohr's, Franck, Arthur Compton, Imagno, Compton, Harold Urey, Harold, Urey, James Chadwick, Chadwick, Enrico Fermi, Fermi, Ernest Lawrence, Lawrence, Isidor Isaac Rabi, Nancy R, Schiff, Rabi, Hermann Muller, Muller, Edwin McMillan, Bettmann, Glenn Seaborg, McMillan, Elsie McMillan, Seaborg, Felix Bloch, Edward Purcell, Nobel, Hans Bethe, Bloch, Purcell, Emilio Segrè, Owen Chamberlain, Chamberlain, Segrè, Willard Libby, Leona Libby, Lowell, Libby, Linus Pauling, Leona Woods Marshall Libby, Eugene Wigner, Wigner, Leo Szilard's, Einstein, Franklin D, Roosevelt, Maria Goeppert Mayer, J, Hans Jensen, Goeppert Mayer, Teller, Richard Feynman, Tomonaga, Julian Schwinger, Fenynman, Hans Bethe's, Feynmwan, Feynman, Schwinger, Robert Mulliken, Mulliken, Szilard, Hans A, Bethe, Luis Alvarez, Alvarez, Enola Gay, Walter Alvarez, James Rainwater, Aage Bohr, Ben Mottelson, Rainwater, Wu, Aage Niels Bohr, Mottelson, mumbled, Val Fitch, James Cronin, Fitch, Jerome Karle, Isabelle, Larry Morris, Herbert Hauptman, Karle, Isabella Karle, Norman Ramsey, Ellie Welch, Ramsey, Norman Ramsey's Nobel, David Cheskin, Rotblat, Russell, Bertrand Russell, Enstinen, Frederick Reines, Philippe Caron, Sygma, Reines, Roy Glauber, Gail Oskin, Glauber Organizations: Manhattan Project, Service, Manhattan, US Army, AP, Getty, University of Chicago's Metallurgical Laboratory, Chicago Met, Los Angeles Examiner, USC, Columbia, Keystone, Gamma, Columbia University, University of Chicago, Trinity Test, University of California, Lawrence Berkeley National Laboratory, Lawrence Livermore National Laboratory, Hulton, Trinity, Deutsch, Los Alamos, University of Chicago's Metallurgical, Atomic Energy Commission, Harvard University, MIT Rad Lab, Denver, Chicago Met Lab, Materials Laboratory, Los, Radiation Laboratory, MIT, University of Chicago's, Princeton University, Naval Research Lab, Washington, US Naval Research Laboratory, Science, World Affairs, Einstein, Los Alamos National Laboratory, Harvard, Institute for Locations: Wall, Silicon, Polish, Denmark, Copenhagen, Nazi, London , Washington, Los Alamos, German, Germany, Japan, Manhattan, British, France, Washington, DC, Berkeley, Ridge , Tennessee, Los, New Mexico, Hanford, antiprotons, Hiroshima, Lowell Georgia, San Diego, Chicago, Washington ,

☆ Aaron Rodgers Is Now a Jet (and Becoming a New Yorker, Too)
▼ + stars: | 2023-07-24 | by ( Wesley Morris | More About Wesley Morris | ) www.nytimes.com time to read: +2 min

One recent Friday afternoon, I found myself walking a few feet behind a fellow who turned out to be Rodgers. We were both on our ways somewhere in SoHo, and I went out of mine to stick with him for a few extra blocks. At some point, on Grand, a street that doubles as a parking lot at that time of day, a gentleman with taxi-livery plates leaned out of his window and somehow audibly mouthed, “You’re walking behind Aaron Rodgers.” He could have yelled at Rodgers himself. They know that we know and are maybe grateful that we’re letting them be. That’s a question that’s dogged him all over the city, especially at the Tonys: You lost?

Persons: Rodgers, ”, Aaron Rodgers, We’ve, he’s Organizations: Jets, FedEx, Super Locations: SoHo, York, Green Bay, Soho

☆ At the British Open, a Mom’s Influence Looms Large for Many Golfers
▼ + stars: | 2023-07-22 | by ( Michael Bamberger | ) www.nytimes.com time to read: +1 min

In the beginning, there was Old Tom Morris and his son, Tommy, both of St. Andrews. The father won the British Open — the only championship then — four times and his namesake son won it four times, too. The men marched off the first tee and into a heavy sea wind and nobody knew when, or if, they would come back. And ever since, fathers have been raising sons in the game, both generations dreaming of hoisted trophies. Donald Hall’s “Fathers Playing Catch with Sons” is largely about baseball but Charlie and Jackie on the course in the 1950s could have fit right in.

Persons: Tom Morris, Tommy, Andrews, Keeler, Bobby Jones, Robert Purmedus Jones, Arnold Palmer, Deacon, Arnold, Palmer, Jack Nicklaus’s, Charlie, Jackie, Donald Hall’s, ” Organizations: Latrobe Country Club, Ohio State, Scioto Country Club Locations: St, Atlanta, Pennsylvania, Columbus , Ohio

☆ They Checked Out Pride Books in Protest. It Backfired.
▼ + stars: | 2023-07-22 | by ( Jill Cowan | More About Jill Cowan | ) www.nytimes.com time to read: +1 min

Conservative groups nationwide have pushed to ban books that discuss L.G.B.T.Q. issues from libraries and schools, saying that parents should be able to control what their children are being taught. The group has promoted a “Hide the Pride” campaign that encourages supporters to check out or move books that depict L.G.B.T.Q. Organizers have described such material as pornographic and obscene and said it should not be available to young library patrons. Both were checked out by the protesters in San Diego.

Persons: Amy M, Vance, Martha Martin, ”, Brian Burch, “ Morris Micklewhite Organizations: Rancho Peñasquitos Library, Catholic Locations: San Diego, Indiana, Coney

☆ ChatGPT helped a simulated study return up to 512% trading stocks based on news. Here's the prompt the researchers used — plus the positive and negative takeaways from their findings.
▼ + stars: | 2023-07-22 | by ( Laila Maidan | ) www.businessinsider.com time to read: +12 min

ChatGPT excelled at predicting a stock's price direction based on news sentiment. They found that while ChatGPT excelled at predicting a stock's direction based on news sentiment, it is not without limitations. They prompted ChatGPT to assign the following scores to headlines: "1" for good news, "0" for unknown and "-1" for bad news. Is this headline good or bad for the stock price of (company name) in the term (short or long-term)?" This meant negative news had a greater and longer impact in the real world than in the simulation,, likely giving ChatGPT an advantage, Lopez-Lira noted.

Persons: ChatGPT, Bard, Alejandro Lopez, Yuehua Tang, Merrill Lynch, Lopez, Lira, Tang, Russell, BERT, Philip Morris, Gene Tipps, David Capablanca, Alpesh Patel, Praefinium, Patel, Capablanca, GPT's, it's, Cory Mitchell, would've, Mitchell, you'll, they're Organizations: University of Florida, of Florida's Department, Finance, Lira, Center for Research, Linux, NYSE, Nasdaq, GPT, Design, Cadence Design, Philip Morris Beats, Global, Global Operations, Dow Locations: GPT

☆ Across rural America, data center development booms as investors race to cater to artificial intelligence
▼ + stars: | 2023-07-21 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +10 min

Data center development is booming and AI is expected to stoke already growing demand. Demand is sapping power grids in major markets and pushing data center development across the US. The project's neighbors include Google, Meta, Microsoft, and Amazon – all of whom have similar plans, or are already underway with major data center projects. The message came after a torrid period of growth by the data center industry in that region. Wes Swenson, Nova's CEO, said the Reno region was becoming increasingly popular for data center development because of its access to power.

Persons: Matt McCollister, Martin Peck, Lincoln Rackhouse, Peck, Blackstone, Jonathan Gray, Drew Angerer, Bard, Gray, Pat Lynch, Robbie Sovie, Sovie, Georgia Power, Skybox, Rob Morris, Morris, George Frey, Novva, Wes Swenson, Nova's, Swenson, CBRE, Lynch Organizations: stoke, Lincoln Property Company, Harrison Street, Google, Meta, Microsoft, Amazon, Lincoln, Carrier, QTS, Dominion Energy, Dominion, Washington DC, APS, QuadReal, Georgia, Reuters, Data Centers, CIM Group Locations: Ohio, New Albany, Columbus, Northern Virginia, Dallas, Phoenix, Silicon Valley, Chicago, Virginia, Loudoun County, Washington, Arizona, Southwest, Lithia Springs , Georgia, Atlanta, Vancouver, Hutto , Texas, Austin, Eagle Mountain , Utah, Reno , Nevada, Storey County, Reno, Silicon, Salt Lake City, West Jordan , Utah, CBRE

☆ High-yield bond default rates ticking up toward 4%, says F/M Investments' Alex Morris
▼ + stars: | 2023-07-20 | 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 EmailHigh-yield bond default rates ticking up toward 4%, says F/M Investments' Alex MorrisAlex Morris, F/M Investments CIO, joins 'The Exchange' to discuss the surprise drop in jobless claims, earnings opportunities in tech and treasuries, and the potential for the Fed to stay higher for longer.

Persons: Alex Morris Alex Morris Organizations: M Investments, Fed

☆ Philip Morris CEO Jacek Olczak on earnings beat: Driven by smoke-free product growth
▼ + stars: | 2023-07-20 | 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 EmailPhilip Morris CEO Jacek Olczak on earnings beat: Driven by smoke-free product growthJacek Olczak, Philip Morris International CEO, joins 'Squawk on the Street' to discuss the current environment for cigarettes, how far along the company is on the journey to being smoke-free, and the pricing environment between traditional tobacco products and smoke-free products.

Persons: Philip Morris, Jacek Olczak Organizations: Philip Morris International

☆ Philip Morris beats profit estimates as cost pressures ease amid steady demand
▼ + stars: | 2023-07-20 | by ( ) www.reuters.com time to read: +1 min

July 20 (Reuters) - Philip Morris International (PM.N) on Thursday beat Wall Street expectations for quarterly profit, boosted by a let-up in soaring tobacco and labor costs and buoyant demand for its smokeless Zyn and IQOS products. The company has bet heavily on Zyn and IQOS products as younger customers are showing a preference for these "smoke-free" alternatives to traditional combustible cigarettes. Demand for higher-margin IQOS devices - that heat cigarettes, instead of lighting them - and Zyn nicotine pouches has helped protect margins for the tobacco giant. The company raised the lower-end of its full year profit forecast, and now expects earnings per share between $6.13 and $6.22, compared to its previous forecast of $6.10 and $6.22. The company's second-quarter adjusted profit per share of $1.60 beat analysts' average estimates of a profit of $1.47, as per Refinitiv data.

Persons: Philip Morris, Juveria, Pooja Desai Organizations: Philip Morris International, Thomson Locations: Bengaluru

☆ Netflix says subscribers to its ads plan have doubled. Meet the 19 execs driving the streamer's aggressive push into advertising.
▼ + stars: | 2023-07-20 | by ( Lucia Moses | ) www.businessinsider.com time to read: +8 min

Netflix said in its 2Q earnings that subscribers to its ads plan have doubled over the previous quarter. Peter Naylor, VP of global advertising salesPeter Naylor, VP, global advertising sales. Netflix has also brought on several directors and other roles in ad sales who've worked at Hulu, Snap, and elsewhere. Chad Rumminger, who focuses on automotive accounts, from automotive ad sales at Twitter. Julie Taylor Green is head of US vertical ad sales; she was TikTok's director of global business solutions before that.

Persons: execs, they're, Jeremi Gorman, Peter Naylor —, Netflix salespeople, Nielsen, DoubleVerify, Kelly Metz, They've, Gorman, Peter Naylor, who've, Naylor, Julie DeTraglia, Kinsey Tamberrino, He's, Hulu playbook, Adam Gerber, Gerber, he's, it's, She's, Asaf Davidov, DeTraglia, Jon Whitticom, Whitticom, that's, Kinsey Osberg Tamberrino, Michaela Giovengo, Valerie Bischak, Doug Brodman, Victoria Morris, Amy Newton, Joanna Read, Eric Berman, Chad Rumminger, Morgan Tully, Nicole Sabatini, Julie Taylor Green, Chris Smutny Organizations: Netflix, Hulu, ABC, Microsoft, Omnicom Media, Yahoo, Gorman's, ABC Television Group, Disney, Comcast, Viacom Media Network, Amobee, Twitter, Google, Amazon, Tech, Gaming, Entertainment Locations: Hulu, TikTok

☆ Morning Bid: Tesla, Netflix underwhelm
▼ + stars: | 2023-07-20 | by ( ) www.reuters.com time to read: +4 min

[1/2] A Tesla logo is seen outside a showroom of the carmaker in Beijing, China May 31, 2023. REUTERS/Thomas Peter/File PhotoA look at the day ahead in U.S. and global markets from Mike DolanAn overdue cold shower? July 20 (Reuters) - The first of the supercharged Big Tech firms to report in this earnings season - Tesla and Netflix - seemed to underwhelm markets overnight, cutting across the enthusiastic reception for big banks and knocking back bulled-up Wall St from 2023 highs. Although electric car giant Tesla (TSLA.O) comfortably beat second quarter profit forecasts, markets seized on plans for continued price discounting and squeezed margins as a reason to drag its shares down almost 4% in overnight trading. In the fixed income world, Treasury yields crept back higher ahead of next week's Federal Reserve meeting.

Persons: Thomas Peter, Mike Dolan, Dow Jones, McLennan, Philip Morris, WR, DR Horton, Janet Yellen, John Organizations: REUTERS, Big Tech, Netflix, Overseas, Citizens, US Bancorp, Energy, Healthcare, Abbott Laboratories, Johnson, Blackstone, Truist Financial, American Airlines, Marsh, WR Berkley, CSX, Philadelphia Federal Reserve, Treasury, Reuters Graphics Housing, Reuters Graphics Reuters, Thomson, Reuters Locations: Beijing, China, U.S, Russia, Britain, Newmont, Freeport, McMoRan, DR, Philadelphia, Turkey, South Africa, Vietnam

☆ Morning Bid: Barbie hits the box office
▼ + stars: | 2023-07-20 | by ( ) www.reuters.com time to read: +3 min

[1/2] A fan takes a photo of a Barbie doll at the world premiere of the film "Barbie" in Los Angeles, California, U.S., July 9, 2023. American Airlines (AAL.O) and Philip Morris (PM.N) are reporting. Market sources told Reuters that China's state banks were out in the Asia morning selling dollars offshore. Mattel says the Barbie movie is expected to boost global sales of Barbie dolls, which declined last year from record growth during the pandemic. Reuters GraphicsKey developments that could influence markets on Thursday:Data: U.S. jobless claims, housing startsEarnings: Philip Morris, American AirlinesReporting by Tom Westbrook; Editing by Edmund KlamannOur Standards: The Thomson Reuters Trust Principles.

Persons: Mike Blake, Tom Westbrook Barbie's, Elon Musk, Ansell, Philip Morris, Barbie, Tom Westbrook, Edmund Klamann Organizations: REUTERS, American Airlines, Communist Party, Traders, Reuters, Aussie, Mattel, Thomson Locations: Los Angeles , California, U.S, Asia, China, Xinhua, Hong Kong, Greenland

Smith’s office interviewed Georgia Secretary of State Brad Raffensperger last month as part of the federal probe into Trump’s efforts to subvert the peaceful transition of power. Raffensperger, an elected Republican, repeatedly pushed back on Trump’s demands in 2020, as he and his family, in addition to other election workers in the state, faced an onslaught of threats. Harvey left his job at the secretary of state’s office about six months after the 2020 election. Separately, a grand jury in Fulton County is expected to consider state charges against Trump and his Republican allies for trying to overturn the 2020 election in Georgia. Fulton County District Attorney Fani Willis, an elected Democrat, launched the investigation in early 2021, and has indicated that final charging decisions could come next month.

Persons: Donald Trump’s, Brad Raffensperger’s, Jack Smith, Donald Trump, ”, Brad Raffensperger, Chris Harvey, Harvey, Trump, Fani Willis Organizations: CNN, Federal, Farm Arena, baselessly, FBI, Georgia, Republican Locations: Atlanta’s, Georgia, Atlanta , Georgia, Fulton, Fulton County

☆ These are the 3 key things that will impact the stock market in the week ahead
▼ + stars: | 2023-07-15 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

A lot was riding on these important measures of inflation after the scorching-hot ADP jobs report last week. Here are 3 things you need to know for the week ahead: 1. Industrial production and capacity utilization, also out Tuesday, shines a light on manufacturing, which attributes about 12% to U.S. GDP. Six months is generally considered to represent a balance between supply and demand in the housing market. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Stocks, Morgan Stanley, Johnson, Jeff Miller, Lockheed Martin, Charles Schwab, JB Hunt, Goldman, Baker Hughes, Ally, Kinder Morgan, Zions, Philip Morris, Abbott, ABT, Jim Cramer's, Jim Cramer, Jim, Scott Olson Organizations: Nasdaq, Dow Jones Industrial, Housing, CPI, Halliburton, HAL, Johnson, of America Corp, Lockheed, Lockheed Martin Corp, Novartis International AG, PNC Financial Services Group, Inc, PNC, Charles Schwab Corp, Bank of New York Mellon Corporation, BK, Synchrony, Interactive, Goldman Sachs Group, U.S . Bancorp, ASML, Citizens Financial, T Bank Corp, Northern Trust Corporation, Horizon National Corp, Business Machines Corp, IBM, United Airlines, Netflix, Steel Dynamics, Alcoa, Discover Financial Services, Crown, International Corp, Equifax Inc, Las Vegas Sands Corp, Liberty Energy Inc, Philip Morris International Inc, Taiwan Semiconductor Manufacturing Company, American Airlines Group Inc, Travelers Companies, SAP, Nokia Corp, Truist Financial Corporation, Company, McLennan Companies, Infosys Technologies Ltd, Newmont Mining Corp, Fifth Third Bancorp, Pool Corporation, Alfa Laval, Webster Financial Corp, Blackstone, Financial Corp, PPG Industries, CSX Corp, CSX, Berkley Corp, Swift Transportation Holdings Inc, American Express Co, AutoNation Inc, Interpublic, of Companies, Autoliv Inc, Huntington Bancshares, Financial Corporation, Roper Technologies, Comerica, Jim Cramer's Charitable, CNBC, Getty Locations: U.S, Las, ZION, Horton, Freeport, Marsh, ALFVY, W.R, Lemont , Illinois

☆ Jim Cramer gauges the threat of Microsoft's cybersecurity foray on Palo Alto Networks stock
▼ + stars: | 2023-07-14 | by ( Morgan Chittum | ) www.cnbc.com time to read: +5 min

Microsoft (MSFT) updated plans to expand further into cybersecurity this week, creating chaos in pure-play vendors like Club name Palo Alto Networks (PANW). We think that decline was an overreaction and the bounce since shows that investors have come to realize that Microsoft's moves pose little threat to cybersecurity leader Palo Alto. Bottom line We believe Palo Alto will stay the cybersecurity leader regardless of Microsoft's announcement. Founded in 2005, Palo Alto has been in the space much longer than Microsoft, and it has a first-mover advantage. Signage outside Palo Alto Networks headquarters in Santa Clara, California, U.S., on Thursday, May 13, 2021.

Persons: Palo Alto, I'm, Jim Cramer, Nikesh Arora, Arora, We've, Brent Thill, Goldman Sachs, Gabriela Borges, Satya Nadella, Palo, Jim, Jim Cramer's, David Paul Morris Organizations: Microsoft, Palo Alto Networks, Palo Alto, Jefferies, Alto Networks, Apple, Management, JPMorgan, Nasdaq, Big Tech, CNBC, Bloomberg, Getty Locations: Palo Alto, Palo, PANW, cybersecurity, Santa Clara , California, U.S

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