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Disney gets a win : A major proxy advisor weighed in on the Disney -Trian board battle. Glass Lewis said Monday it recommends Disney shareholders vote for the company's director nominees and not the slate forth by Trian's Nelson Peltz. 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: Jim Cramer, Stocks, Glass Lewis, Trian's Nelson Peltz, Jay Rasulo, Nelson, Mondelez, Heinz, Jim, DuPont, Jim said, Stephanie Cohen, Goldman Sachs, Cohen, Jensen Huang, Jensen's, Jim Cramer's, Spencer Platt Organizations: CNBC, Nvidia, Apple, Disney, Procter & Gamble, GE Healthcare, General Electric, GE, Evercore, DuPont, Protection, Samsung, Taiwan Semiconductor Manufacturing, PepsiCo, Constellation Brands, Citi, GEHC, Traders, New York Stock Exchange, Getty Locations: China, New York City
With its recent Starship mission, SpaceX is poised to cut launch costs 10-fold, said an expertThe firm flew its flagship mega-rocket to space without exploding on Thursday for the first time. AdvertisementSpaceX's Starship launch on Thursday didn't only look cool. SpaceX has already shaved launch costs downStarship-Super Heavy is the biggest launch system ever developed. AdvertisementA picture shows Starship fully stacked on its launchpad. "Lowering launch costs has always been the first step to unlocking broader, deeper sources of value from space," he said.
Persons: , Elon, Brendan Rosseau, Abhi Tripathi, Elon Musk, Starship's, George Nield, Harvard's Rosseau, Tripathi Organizations: SpaceX, Service, Harvard Business School, Super, Mission, University of California, Space Sciences Laboratory, Space Shuttle, Space Transportation
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementBusiness Insider confirmed that the cause of the error was a brief "server anomaly" at PubMatic, an adtech company. A PubMatic spokesperson said the anomaly, at one of its US data centers, caused "abnormally high CPMs being passed to the publisher ad server on a limited number of impressions." The PubMatic error occurred in the communication that happened between the SSP and PubMatic's ad server, according to the company. The actual financial impact for individual publishers and adtech companies is likely to be minimal.
Persons: , Nicolas Schueller, Adomik, Friday's snafu, Kargo, aren't, PubMatic, Scott Messer Organizations: Service, Business, Publishers, CNN, AMC Networks, Fox, The New York Times, Delta Airlines, Comcast Locations: PubMatic, Friday's
Jeff Bezos and Bernard Arnault have a combined net worth of around $400 billion. Bezos and Arnault are the world's richest people, topping Bloomberg's Billionaires Index. AdvertisementJeff Bezos and Bernard Arnault are the world's two richest people, with a combined net worth of around $400 billion. Arnault, the owner of the luxury goods conglomerate LVMH, is ranked first on Bloomberg's Billionaires Index, with a net worth of $202 billion. Amazon founder Bezos is ranked second on the index, with a net worth of $197 billion.
Persons: Jeff Bezos, Bernard Arnault, , Dom Pérignon, Bezos Organizations: Service, Tiffany
While some music critics praised Knowles' country tracks, other fans of the genre refrained from a warm welcome. Beyond just radio, Black artists and artists of color represented less than 4% of country songs played on the radio, airplay, charting songs, artists signed to major labels and award nominations, according to SongData. One such fan, Tenley Patterson, 26, said she didn't bother listening to country music before Beyoncé's releases, but was impressed with the country tracks. Rachel Whitney, head of editorial for the Nashville team, said playlists outside of the country genre are playing Knowles' country tracks, broadening its reach. The Beyoncé draw is also boosting exposure for other artists on some lists, like Lainey Wilson and Cody Johnson, who have more "traditional" country songs, Whitney said.
Persons: Beyonce, James Devaney, Cowboy Carter, Beyoncé Knowles, Tanner Adell, Mickey Guyton, Reyna Roberts, Knowles, Alice Randall, Randall, , Rhiannon Giddens, hasn't, Jocelyn Neal, Maren Morris, Luke Combs, Kacey, Lil Nas, Nas X, Tim Mosenfelder, Neal, Knowles —, Taylor Swift, Beyoncé, George Bush, Tenley Patterson, I've, Patterson, It's, there's, Z, Rachel Whitney, Lainey Wilson, Cody Johnson, Whitney, Kevin Mazur Organizations: Scott, New York, Spotify, The New York Times, Radio, University of North, NBC, Houston, CMA, Republican, Nashville, Crypto.com Arena, The Recording Academy Locations: Brooklyn, New, New York City, U.S, Texas, an Oklahoma, University of North Carolina, San Francisco , California, Iraq, Los Angeles , California
Mega Millions and Powerball have racked up some massive jackpots after weeks of rolloevers. And Saturday night's Powerball jackpot is $600 million. There was one big winner in Friday nights' Mega Millions drawing. Saturday night's Powerball jackpot is estimated to be $600 million after no one matched all six numbers on Wednesday, officials said. Mega Millions tickets are $2 and are sold in 45 states, Washington, D.C., and the U.S. Virgin Islands.
Persons: Patrick's Organizations: Mega, Michigan, D.C, U.S ., U.S . Virgin Islands, of Columbia Locations: FORT LAUDERDALE, Fla, South Carolina , Michigan , Illinois, Maine, Florida, New York, California, Washington, U.S, U.S . Virgin, of Columbia , Puerto Rico, U.S . Virgin Islands
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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPrivate credit has held up companies that wouldn't have access to capital otherwise, says Tony DwyerTony Dwyer, Canaccord Genuity chief market strategist, joins 'Squawk on the Street' to discuss the latest market trends, recession outlook, mega-cap stock performance, and more.
Persons: Tony Dwyer Tony Dwyer, Canaccord
The utilities sector is living in the shadows of mega-cap tech, but a power player name is emerging — and it's toting year-to-date gains of more than 40%. Constellation Energy , headquartered in Baltimore, is the top winner in the utilities sector in 2024, with NRG Energy in a distant second place with a 22.7% advance. Indeed, the utilities sector and real estate are the two laggards of the S & P 500 , down about 1% and 3.5% in 2024, respectively. CEG XLU 1Y line Constellation Energy versus the Utilities Select Sector SPDR Fund over the past year Constellation, which currently has a dividend yield of 0.8%, isn't your father's utility. So-called 24/7 carbon-free power involves purchasing electricity generation from the same region where a corporate client will use it.
Persons: it's, CEG, James Thalacker, It's, Daniel Eggers, Sophie Karp, BMO's, Joseph Dominguez, Steve Fleishman, Ross Fowler Organizations: Constellation Energy, NRG Energy, Utilities, SPDR Fund, BMO Capital, Atlantic City Electric, Baltimore Gas and Electric, Delmarva Power, Constellation, Microsoft, Wolfe Research, Republican, UBS Locations: Baltimore, Virginia
The hottest artificial intelligence event of the year kicks off next week, setting the stage for key AI players to see sharp moves. Nvidia's GTC Conference, dubbed "AI Woodstock" by Bank of America, offers an opportunity for the company to showcase its latest AI chip innovations and future vision as it labors to maintain its dominance in the field. The product is expected to offer a slew of "architectural innovations" and better performance than Nvidia's flagship H100 chip, wrote New Street's Pierre Ferragu. According to Wedbush's Matt Bryson, the new chip could benefit the liquid cooling industry that may fuel power-hungry data centers. "As such, we believe any system NVDA announces that includes liquid cooling technology could effectively dictate the path of liquid cooling moving forwards and thereby determining winners and losers in the server and cooling space," Bryson said.
Persons: Cantor Fitzgerald's C.J, Bank of America's Arya, Muse, Arya, Pierre Ferragu, Blackwell, Matt Bryson, Nvidia hasn't, Bryson, He's, Ferragu, Hans Mosesmann, Bernstein's Stacy Rasgon, Melius Research's Ben Reitzes Organizations: Bank of America, NVIDIA, Nvidia, Bank of America's, Blackwell, Devices, AMD, Intel, Micron, Broadcom, PHLX Semiconductor, Oracle Locations: San Jose , California
Elon Musk filed a lawsuit against OpenAI and its CEO Sam Altman, years after he left the startup. "Elon Musk is the best PR stuntsman I've ever seen," Kyle Arteaga, the CEO of the national tech PR company, The Bulleit Group, said. Earlier this month, Altman told veteran tech reporter Kara Swisher that Musk was his "absolute hero" growing up. AdvertisementDuring the interview, Swisher told Altman she thought Musk's lawsuit was "nonsense." Representatives for Musk, Altman, and OpenAI did not immediately respond to a requests for comment by Business Insider.
Persons: Elon Musk, Sam Altman, Musk, , Elon, Altman, Muhammad Ali, Evan Nierman, Michael Kovac, OpenAI, Nierman, Sam Altman's, he's, xAI, Kyle Arteaga, Arteaga, it's, — Anthropic, He's, Tom Mueller, Alan Dunton, he'd, Musk's, you've, Dunton, JACK GUEZ, Ayelet Noff, Noff, Lex Fridman, Kara Swisher, Swisher, " Swisher Organizations: OpenAI, Service, Banyan, Yerba Buena Center, Arts, Microsoft, SpaceX, Musk, Communications, Elon, Getty, Business Locations: California, San Francisco, AFP, Altman's
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In today's big story, we're looking at how two of the most powerful Wall Street firms are doing two years after relocating to Miami . Nearly two years ago the billionaire uprooted his hedge fund, Citadel, and market maker, Citadel Securities, from their Chicago headquarters to Miami. Employees at Citadel and Citadel Securities spoke to Business Insider's Emmalyse Brownstein about life in the new HQ . Shares tumbled 55% after The Wall Street Journal reported that Fisker had hired restructuring advisors to assist with a possible bankruptcy filing.
Persons: , we're, sarayut Thaneerat, Tyler Le, Ken Griffin, Samantha Lee, San Francisco, Griffin, Anita Kot, Dogecoin, Elon Musk, Ned Davis, Fisker, Patrick Pleul, Andrew Cabellero Reynolds, Jenny Chang, Rodriguez, Sam Altman, Muhammad Ali, Steven Mnuchin, BI's Peter Kafka, Ezra Bailey, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Service, Business, Wall, Citadel, Citadel Securities, Sunshine State, Miami, New York, Ned Davis Research, Street Journal, Elon, OpenAI, Google, KKR, Benz Locations: Miami, Florida, Chicago, New York, London, York, Plenty, San, Austin, He's, Blackstone
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMorgan Stanley's Shalett: Don't hide behind mega-cap growth stocksLisa Shalett, Morgan Stanley Wealth Management CIO, joins 'Squawk on the Street' to discuss the equity market strategy going forward, how generative AI will impact companies, and more.
Persons: Morgan Stanley's Shalett, Lisa Shalett, Morgan Organizations: Morgan Stanley Wealth Management
SpaceX's third test launch of its Starship mega-rocket went off without a hitch. SpaceX has made a series of upgrades to the rocket system that helped it finally reach space. As for Starship, SpaceX added three new angled liquid oxygen vents to the underside of the engine skirt that likely helped with attitude control. AdvertisementWhile this was the most successful Starship test launch to date, it didn't achieve all mission objectives. AdvertisementSpaceX officials said the company plans to complete at least six more Starship test flights this year, subject to regulatory approval, Reuters reported.
Persons: , we've, Siva, Jonathan Newton, cowbell, Starship, it's, Kate Tice Organizations: SpaceX, Service, Federal Aviation Administration, Washington, Getty, FAA, Business, Super, NASA Spaceflight, SpaceX Quality Systems, Reuters Locations: Starbase, Boca Chica , Texas
It's a twist on the traditional vacation rental resort. Carly CaramannaEvermore is an alternative to traditional vacation rentals because it offers rental homes and villas for big groups but operates like a hotel. It's a great find, especially as short-term rentals are in demand, but many guests are turning away from Airbnbs that can come with strict rules and steep cleaning fees. The Evermore can house a big group — up to 32 people — while offering hotel perks, like on-site housekeeping, security, and access to amenities. Plus, the resort has multiple pools, a championship golf course, a food hall, a spa, and a Peloton studio.
Persons: Carly Caramanna Evermore, It's
Investors aren't anticipating healthcare funding to surge to anything resembling 2021 levels this year, and fewer deals could mean shutdowns for many companies running low on cash. Multiple healthcare startups have announced raises this year at Series B and beyond. Investors said there's now a higher bar for which startups get venture funding compared to 2021, however. Exits and shutdowns aheadWhile a number of biotech startups have jumped into the public markets already this year, the IPO window for healthcare startups has remained firmly shut. Still, many investors are optimistic that a few healthcare startups will test the waters later this year.
Persons: Anargha Vardhana, There's, they're, Christina Farr, haven't, Richard Drury, Scott Barclay, Shiv Rao, Vardhana, there's, Farr, Sara Choi, Ritankar Das, Supriya Jain, Jain, Barclay Organizations: Business, Insight Partners, Investors, Entrepreneurs, Wing Venture Capital, Boston Consulting Locations: orthopedics
Donald Trump will win the 2024 election if it's held now, says Citadel founder Ken Griffin. He now says that a Trump term "is good for our capital markets." download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementKen Griffin might have once criticized former President Donald Trump's bid for the White House, but the Citadel founder and CEO says he's confident Trump will beat President Joe Biden at the polls. "I think for investors, overall, a Trump Administration is good for our capital markets," Griffin told Eisen, but stopped short of endorsing Trump.
Persons: Donald Trump, it's, Ken Griffin, Nikki Haley, , Donald Trump's, Joe Biden, Griffin, CNBC's Sara Eisen, Eisen, Trump Organizations: Citadel, GOP, Service, White, Trump, Trump Administration
But despite the struggles of the largest stocks in the sector, Block (SQ) appears to breaking above a key resistance level. The key with a head and shoulders pattern is to wait for the "trigger", which is when the price actually breaks through the neckline. Here we can see that the recent breakout above the neckline was preceded by a price gap higher in February. Immediately after the price gap, SQ dropped down to around $75, a level which was retested again in early March. With inverted head and shoulders breakout on the weekly chart, and clearly defined risk levels on the daily chart, Block may just be worth investors' attention.
Persons: retested, David Keller Organizations: Nvidia, Apple, CMT
Sitting atop its stainless steel Super Heavy booster, Starship stood taller than the Statue of Liberty at the company's new orbital launchpad in South Texas. As the booster fell back to Earth, Starship continued to climb toward the heavens, then shut off its engines to glide through space. Once fully operational, Starship will be able to carry up to 150 metric tonnes (165 US tons) to space, per SpaceX. Illustration of SpaceX Starship human lander design that will carry NASA astronauts to the Moon's surface during the Artemis mission. NASA's new moon rocket, SLS, could send 46 tons into orbits beyond the moon.
Persons: , Elon, Musk, Dan Huot, Marianne Ayala, Morgan Stanley, Artemis, Artemis III Organizations: Service, SpaceX, Business, SpaceX's, Texas launchpad, X, NASA, Super, Saturn, Morgan, SLS, SpaceX SLS, Apollo Locations: South Texas, Texas
CNN —For many of the 170 million TikTok users in the United States, Wednesday’s vote in the House of Representatives to effectively ban the social media platform is worrisome. That’s just one reason why it’s laughable to hear China’s foreign ministry claim that the TikTok bill would disrupt market operations and undermine investor confidence. Most of the world’s most popular social media apps, incidentally, are banned in China unless they — or their user data — are locally based and thus easily overseen by the government. She has had multiple meetings with legislators and has spoken with Trump about protecting TikTok, according to the Washington Post. The government needs to develop oversight rules for all social media.
Persons: Frida Ghitis, Donald Trump, TikTok, Shou Chew, , Jack Ma —, Xiao Jianhua, National Intelligence Avril Haines, Trump, ” Trump, , Jeff Yass, Kellyanne Conway, Meta’s Mark Zuckerberg Organizations: CNN, Washington Post, Politics, ByteDance, Frida Ghitis CNN, Pew Research, Facebook, Oracle, National Intelligence, Rutgers University, Air Force One, Microsoft, Trump, Citizens United Locations: United States, Washington, Russia, TikTok, Beijing, That’s, China, Israel, Tibet, Hong Kong, USSR
Earth would be more liveable than Mars "even after a nuclear war" and climate change, he said. It comes as Elon Musk and Jeff Bezos test mega-rockets that could take humans to the red planet. Sign up for our newsletter to get the latest on the culture & business of sustainability — delivered weekly to your inbox. The prototype rocket, which is a crucial part of Musk's plan to colonize the red planet, blew up on its previous attempts. The rocket could compete with Starship for NASA's plans to return to the moon ahead of heading to Mars.
Persons: Barack Obama, Elon Musk, Jeff Bezos, Obama, Jeff Bezos's, Glenn Organizations: Service, SpaceX, Amazon Locations: Silicon, Paris, Mars
While donations to charity have been rising, the pool of donors is shrinking, as philanthropy becomes hyper-concentrated among a small group of ultra-wealthy mega-donors, according to a new study. While women make up11% of the ultra-high-net-worth population, they account for 22% of the larger givers, according to the study. Today’s ultra-wealthy donors also prefer to give through private foundations and donor-advised funds — which give them more control — rather than simply writing checks to the Red Cross or United Way. The top charitable cause for ultra-wealthy donors was education (at 54%), according to Altrata. "There is some evidence that the ultra-high-net-worth population has different skews from the broader population," Pasic said.
Persons: Melinda Gates, Robert Frank, Mark Suzman, Amir Pasic, Indiana University Lilly, , , Altrata, Pasic Organizations: Gates Foundation, Indiana University, Indiana University Lilly Family School of Philanthropy, Cross, Federal Reserve Locations: Khayelitsha, Cape Town , South Africa, Altrata, North
Thursday, March 14, 2024: Jim Cramer warns against 'complacency' in the stock marketJim Cramer discusses this mega cap tech stock being named as Mizuho's top idea. He also breaks down the market action for this mega cap tech stock. Finally, he weighs in on this semiconductor stock.
Persons: Jim Cramer
Mega Millions jackpot prize has grown to $792 million ahead of Friday night's draw — its sixth highest total ever. To win the jackpot, you'll need to match numbers with all five white balls, plus the gold Mega Ball. If you win, you can take a 30-year annuity for the full jackpot amount, or an upfront cash lump sum that's worth about 48% of the jackpot. While the lump sum is much less than the annuity, winners often choose that option since they receive more money right away. The prize amounts for both lump sum and annuity amounts are calculated by usamega.com.
Persons: you'll, usamega.com Organizations: Internal Revenue Service, D.C Locations: California, Florida , New Hampshire, South Dakota , Tennessee , Texas, Washington and Wyoming, Washington
Elon Musk finally achieved Starship's first successful flight to orbit early Thursday morning. Musk was seen in the launch control room at both previous launches, making his latest absence unusual. AdvertisementElon Musk was nowhere to be seen as SpaceX's Starship mega-rocket finally flew into orbit, cruised above Earth, and plummeted back through the atmosphere on Thursday. Elon Musk sat in the control room watching the first orbital launch of Starship, which exploded about four minutes after liftoff. Starship will make life multiplanetary pic.twitter.com/Ul7ksiAHBZ — Elon Musk (@elonmusk) March 14, 2024By all accounts, this successful launch was a dream come true for Musk.
Persons: Elon Musk, wasn't, Musk, , Kimbal Musk, Elon, multiplanetary, Ul7ksiAHBZ — Elon Organizations: SpaceX, Service, X, SpaceX's South Texas launchpad, Twitter Locations: SpaceX's South Texas, New Jersey
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