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☆ Pro-Trump media figures dismiss Hunter Biden conviction as ‘fake trial’ to ‘cover up’ other supposed crimes
▼ + stars: | 2024-06-11 | by ( Hadas Gold | ) edition.cnn.com time to read: +4 min

CNN —In the wake of Hunter Biden’s conviction on federal gun charges Tuesday, right-wing media personalities sought to downplay the jury’s decision, falsely claiming the case was a “fake trial” designed to “cover up” other supposed crimes committed by the president and his family. “Hunter Biden guilty. For others in the right-wing sphere, it’s simple; Trump’s case was a political hit job while Hunter Biden’s case was a clear case of someone breaking the law. “Hunter Biden is convicted of an actual crime. “The Hunter Biden gun conviction is kinda dumb tbh,” Florida GOP Rep. Matt Gaetz wrote on X.

Persons: Hunter Biden’s, “ Hunter Biden, Charlie Kirk, Biden, Joe Biden, Hunter, Jack Posobiec, Donald Trump’s, Trump, Joe Biden’s, Donald Trump Jr, “, ”, ” Monica Crowley, Donald Trump, Jeanine Pirro, Pirro, Hunter Biden, Bob Good, Mark Levin, Matt Gaetz Organizations: CNN, Trump, Real America’s Voice, Biden, Trump Jr, Fox News, Virginia, Caucus, Florida GOP Locations: Ukraine, China, Russia, New York, America, Delaware, Manhattan, Florida

☆ Warner Bros. Discovery strikes 10-year deal to broadcast the French Open in the U.S.
▼ + stars: | 2024-06-11 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +3 min

Warner Bros. The deal is set to make Warner Bros. Warner Bros. Discovery-owned Eurosport has been broadcasting the French Open to 55 countries outside the U.S. since 1989, according to a press release. Meanwhile, Warner Bros. With the hangover from the Hollywood writers' strike and cost-cutting measures across the industry, including at Warner Bros.

Persons: Spain's Rafael Nadal, Germany's Alexander Zverev, Philippe, Chatrier, Roland Garros, Roland, Garros, Luis Silberwasser, Comcast's, Venu, Disney's, NBCUniversal, — CNBC's Alex Sherman Organizations: Roland, Warner Bros, TNT Sports, Garros, French Tennis Federation, Discovery, Grand, Warner Bros ., Eurosport, TNT, TBS, Comcast's NBC, Tennis, Disney's ESPN, Fox, TruTV, National Hockey League, NASCAR, U.S, Soccer, College Football, ESPN, NBA, CNBC, Hollywood, Comcast Locations: Paris, U.S, NBCUniversal

☆ Apple stock soars 7% to record highs after AI-focused WWDC event
▼ + stars: | 2024-06-11 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

Apple stock soared 7% to a record high as investors cheered developments unveiled at its WWDC event. Apple gained as much as $198 billion in market value on Tuesday. The iPhone maker is now just $29 billion in market value away from eclipsing Microsoft as the world's largest company. The stock initially sold off, with Apple shares falling 2% on Monday following the WWDC event. Tuesday's gain for Apple has re-cemented the iPhone maker as the second largest company in the world, reclaiming the spot from Nvidia.

Persons: —, Goldman Sachs, Siri, We're Organizations: Apple, Microsoft, Service, Wall, Citi, JPMorgan, Nvidia

☆ Buying a home is probably never getting cheaper as rates aren't coming down and pandemic migration trends persist, 'Shark Tank' investor Kevin O'Leary says
▼ + stars: | 2024-06-10 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +1 min

The "Shark Tank" investor predicted high mortgage rates were here to stay. Pandemic migration trends also aren't reversing, which has kept home prices elevated. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe housing market probably isn't ever going to get any cheaper, according to "Shark Tank" star Kevin O'Leary. This story is available exclusively to Business Insider subscribers.

Persons: Kevin O'Leary, —, that's Organizations: Service, Fox Business, Business

☆ A recession indicator with a perfect record has been flashing red for 20 months. It may not be wrong yet.
▼ + stars: | 2024-06-10 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

A recession indicator with a flawless record has been flashing red for 20 months. The economist behind the inverted yield curve says it's too soon to declare it's wrong this time. AdvertisementA recession indicator with a perfect track record has been flashing red for 20 months now, but the economist who pioneered its use warned against dismissing it just yet. "I think it's way too early to declare a failure," Campbell Harvey told Fox Business about the inverted yield curve. This story is available exclusively to Business Insider subscribers.

Persons: Campbell Harvey, —, Harvey Organizations: Service, Fox Business, Duke University, Business

☆ Morningstar calls this ETF the ‘gold standard’ for dividend funds. Here’s why
▼ + stars: | 2024-06-10 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

When it comes to dividend funds, the Schwab U.S. Dividend Equity ETF is “the gold standard,” according to Morningstar. The exchange-traded fund seeks to track the total return of the Dow Jones U.S. Dividend 100 Index. Therefore, it is not like its peers that track a broad market index, Jackson pointed out. It also looks at return on equity, dividend yield and the dividend growth rate over the past five years. After the stocks are selected, the index market cap weighs them, with a maximum position around 4%.

Persons: Morningstar, Ryan Jackson, ”, Russell, Jackson, Schwab, D.J, Tierney, Morningstar's Jackson Organizations: Schwab, SEC, Morningstar, Dow Jones U.S, Schwab Asset Management

☆ Stock market today: US stocks edge lower ahead of Apple event, economic data
▼ + stars: | 2024-06-10 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

US stocks fell as bond yields increased ahead of a big week of updates for the market. Investors are eyeing Apple's WWDC event, a Fed meeting, and key inflation reports this week. The Fed is expected to leave rates unchanged but officials will offer more insight into future moves. AdvertisementUS stocks edged lower while bond yields rose ahead of a big week for the market. Investors will have to navigate Apple's WWDC event, a Federal Reserve meeting, and multiple inflation reports this week, all of which could shake up stock prices.

Persons: —, David Morrison Organizations: Service, Investors, Reserve, CPI, Fed, Trade Nation

☆ Tesla stock is set to drop as Elon Musk's $56 billion pay package unlikely to get approved, Wall Street analyst says
▼ + stars: | 2024-06-10 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Elon Musk's $56 billion pay package likely won't be approved by Tesla shareholders, according to Bernstein analyst Toni Sacconaghi. If the pay package is voted down, Tesla stock could fall 5%. AdvertisementTesla investors are set to vote this week on Elon Musk's astronomical pay package, but according to Bernstein analyst Toni Sacconaghi, it's not likely to be approved. According to Sacconaghi, Tesla stock could react negatively and fall about 5% if the package is voted down by shareholders. If Tesla does not receive approval for Musk's pay package, it could lead to a sell-off in the stock, Sacconaghi said.

Persons: Elon Musk's, Bernstein, Toni Sacconaghi, Elon, Sacconaghi, —, it's, Tesla, Chris Ailman, let's, Ailman, He's, Dan Ivees Organizations: Tesla, Service, Elon, CNBC, Nvidia, Wall Street, Wedbush Securities

☆ Stocks making the biggest moves premarket: DraftKings, Carvana, Southwest Airlines, Planet Fitness and more
▼ + stars: | 2024-06-10 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

DraftKings — The sports betting stock added 1.8% after Morgan Stanley reiterated its overweight rating and said shares were again worthy of a top-pick designation. Morgan Stanley said the stock can rally despite concerns around Illinois' legalization of a sports betting tax. Nvidia — Shares were marginally lower ahead of the chipmaker stock's first day of trading after its 10-for-1 stock split . Planet Fitness — Stock in the fitness center chain advanced about 4% on the heels of an upgrade from Jefferies earlier on Monday. Analyst Randal Konik said "the stars have aligned" for Planet Fitness stock, adding that he expects strong franchise unit growth in 2025.

Persons: GoDaddy, Robert Half, Dow, Morgan Stanley, Joseph Moore, Randal Konik, — CNBC's Michelle Fox, Alex Harring, Jesse Pound Organizations: KKR, CrowdStrike, Comerica, Dow Jones, Dell Technologies, Palantir Technologies, AMD —, Nvidia —, Southwest Airlines —, Street Journal, Elliott Investment Management, Carvana, JPMorgan, Energy Global, Jefferies, Fitness Locations: Illinois

☆ Hostage rescue operation and Israeli political turmoil sharpen Biden’s damaging dilemma
▼ + stars: | 2024-06-10 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

CNN —President Joe Biden’s power to engineer a swift abatement of the war between Israel and Hamas just suffered two serious new blows. • The rescue mission also emphasizes the disparity in the death toll between Palestinians and Israelis in the conflict. • The absence of Gantz may also create an even greater obstacle to approval of any peace deal between Israel and Hamas. • The fracturing of the Israeli war cabinet and Gantz’s call for elections could have unpredictable consequences in Israel amid rising protests against Netanyahu. That is tragic.”But the national security adviser’s comments will do nothing to ease Biden’s domestic political exposure over the war.

Persons: Joe Biden’s, Benny Gantz, Biden, •, estrange Biden, Donald Trump, Kamala Harris, Antony Blinken, Gantz, Benjamin Netanyahu, Netanyahu, Yoav Gallant, Jake Sullivan, Dana Bash, Sullivan, “, Israel, ” Sullivan, “ Innocent, Mike Johnson, Sen, Tom Cotton, Cotton, ”, Biden Gantz, ” Gantz, doesn’t, Aaron David Miller, comport, ” Miller, Joe Biden, ” Biden, you’ve, ” Richard Haass, CNN’s Fareed Zakaria, Haass Organizations: CNN, Israel, Biden, Likud, Trump, Union, Eiffel, Republicans, Democratic National Convention, Fox News, Arkansas Republican, The New York Times, Washington Post, ” Gaza’s Ministry of Health, IDF, ” CNN, ”, Saudis, United, Palestinian Authority, Foreign Relations Locations: Israel, Gaza, United States, Michigan, Washington, Egypt, Jordan, Qatar, France, “ State, American, Chicago, America, Netanyahu, East, United Arab Emirates

☆ Stock market today: S&P 500 and Nasdaq close at record highs ahead of Fed meeting, May inflation report
▼ + stars: | 2024-06-10 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

US stocks started the week with gains as the S&P 500 and Nasdaq hit record highs. The all-time highs come ahead of the May inflation report and the Fed's two-day FOMC Meeting. AdvertisementUS stocks climbed to kick the week, with the S&P 500 and Nasdaq 100 closing at record highs. Earlier that day, investors will digest the May consumer price index report, which will set the tone for markets as investors head into the summer months. Economists expect Core CPI to have risen 0.3% month over month last month.

Persons: —, Morningstar, Dave Sekera, Jerome Powell, Sekera, Dan Ives, Ives Organizations: Nasdaq, Apple, Service, Federal Reserve, CPI, Here's

☆ Stocks making the biggest moves midday: Southwest Airlines, GameStop, Advanced Micro Devices and more
▼ + stars: | 2024-06-10 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines in midday trading: Southwest Airlines — The stock rose 9% after activist hedge fund Elliott Management amassed a $1.9 billion stake in Southwest Airlines. GameStop — The meme stock slipped nearly 15% in volatile trading after a roller-coaster week. Advanced Micro Devices — The chipmaker fell 3% after Morgan Stanley downgraded shares to equal weight from overweight, saying investors' expectations look elevated. ReNew Energy Global — Shares popped more than 7% after Morgan Stanley upped its price target, saying the narrative for the U.K.-based company remains strong. DraftKings — The sports entertainment stock gained 2% after Morgan Stanley renamed the company as a top pick.

Persons: Bob Jordan, Gary Kelly, Keith Gill, Huntington Bancshares, Huntington, Morgan Stanley, GoDaddy —, Dow, Robert Half, Jefferies, DraftKings, Yun Li, Alex Harring, Michelle Fox, Sarah Min, Pia Singh, Sean Conlon Organizations: Southwest Airlines, Management, Southwest, GameStop, KKR, CrowdStrike, GoDaddy — KKR, Dow Jones, Comerica, Apple, Energy, Jefferies Locations: 2H24, Illumina, Illinois

☆ Buy Walmart stock for 21% upside as the company is positioned to weather a consumer slowdown later this year, JPMorgan says
▼ + stars: | 2024-06-10 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

JPMorgan upgraded Walmart to 'Overweight' from 'Neutral' and raised its price target to $81. "The stock adds a strong balance of defense and offense on both the top and bottom lines in a soft consumer backdrop," JPMorgan said. AdvertisementWalmart stock is trading at record highs, but JPMorgan thinks it's still a great buy for investors. According to the bank, Walmart can play both offense and defense when it comes to growing its business during uncertain times. AdvertisementBut perhaps most important to Walmart is its growing profits from "alternative profit pools," which include its third-party fulfillment business, Walmart+ subscription, and growing advertising business.

Persons: —, it's, Christopher Horvers, Horvers, Horver Organizations: JPMorgan, Walmart, Service, Wall

☆ There's a stock market crash coming in 2025 as the 'bubble of all bubbles' bursts, economist says
▼ + stars: | 2024-06-10 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The US is poised to see an epic stock market crash next year, according to Harry Dent. AdvertisementThe stock market could be in for a steep correction, resulting in a crash even worse than what investors saw during the Great Financial Crisis, according to economist Harry Dent. "Hero" stocks, like chipmaker Nvidia, could drop as much as 98%, he said, implying a multi-trillion market crash. "We've got to see a crash of about 40% to say, okay, the bubble's finally let off the steam. "This is really the second tech bubble version," he added, referring to the dot-com bubble in the 2000s."

Persons: Harry Dent, —, Dent, We've, " Dent Organizations: Service, Harvard Business School, Nasdaq, Nvidia, Fox Business Network

☆ The Fed, May inflation, and Apple are set to lead a massive week for the stock market
▼ + stars: | 2024-06-10 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

The May CPI report, crucial for Fed decisions on rate cuts, is set to be released Wednesday. This week has a Fed meeting, the May PPI, initial jobless claims, and a consumer-sentiment report. AdvertisementIt's shaping up to be a big week for the stock market, with a slew of economic data set to be released, along with a Fed meeting and an all-important Apple event. The Fed meetingThe Fed plans to announce its latest decision on interest rates on Wednesday at 2 p.m. Overall, Lee is feeling good about the prospects for higher stock prices this week amid the economic dataset's release.

Persons: Apple's, —, Apple, Tom Lee, Jerome Powell, Lee, it's Organizations: CPI, Service, Apple, Federal Reserve, Fed, University of Michigan

☆ Election Updates: Trump rallies in Las Vegas.
▼ + stars: | 2024-06-09 | by ( Maggie Astor | ) www.nytimes.com time to read: +6 min

Republicans defended Mr. Trump against what they insisted was an unfair trial in New York. Senator Chris Coons, a Delaware Democrat and co-chairman of Mr. Biden’s re-election campaign, opposed asylum restrictions when Mr. Trump enacted them. “Former President Trump actually wants a problem to solve through his election rather than a solution that a bipartisan group of senators stood behind,” he said. President Trump is simply making a political issue of this.”Whitmer said contraception was “very much at risk” under Republicans. Vance of Ohio, another possible running mate to Mr. Trump, criticized Mr. Biden for his trip to Normandy to mark the 80th anniversary of D-Day, and for an ad from his campaign that featured veterans denouncing Mr. Trump.

Persons: Donald J, Trump, Biden, — surrogates, Noem, —, Kristi Noem, Elise Stefanik, ” Ms, Donald Trump, Ms, ” Abbott, Biden’s, Greg Abbott of, “, Mr, Abbott, ” …, Coons, Chris Coons, ”, ” Whitmer, Gretchen Whitmer, Hunter, Cotton, Biden wasn’t, Tom Cotton of, ” Vance, J.D, Vance of Ohio, “ Joe Biden, ” Mr, Vance, he’s Organizations: Mr, CNN, Cricket, Republican, Fox News, Delaware Democrat, Republicans, Gov, U.S, Senate, Trump, “ Fox, Sunday Locations: New York, South Dakota, Wisconsin, Greg Abbott of Texas, Delaware, United States, Michigan, Israel, Ukraine, Tom Cotton of Arkansas, Gaza, Normandy

CNN —Homeland Security Secretary Alejandro Mayorkas on Sunday pushed back on criticism of President Joe Biden’s new executive action restricting asylum while calling on Congress to take action on the border. Still, Mayorkas insisted the restrictions on asylum would reduce the number of people who try to cross the border. “The bipartisan deal was rejected once, we pressed forward again. And it requires the cooperation of other countries which we have secured.”But Mayorkas again called on Congress to do more. “Former President Trump tried to implement a Muslim ban, a ban on entry to this country explicitly based on one religion.

Persons: Alejandro Mayorkas, Joe Biden’s, “, ” Mayorkas, —, Donald Trump, Biden, Greg Abbott of, “ gaslighting, he’s, ” Abbott, Mayorkas, ABC’s Martha Raddatz, ”, let’s, Democratic Sen, Chris Coons, Trump, It’s Organizations: CNN, Homeland, Sunday, Republican Gov, GOP, Democratic, Department of Homeland Security, Department of State, Department of Justice, Republicans, Trump, House Republicans, Democrats, Delaware Democrat, Progressive House Democrats, ACLU, ” CNN Locations: Greg Abbott of Texas, ”, Chris Coons of Delaware

☆ Cruises tend to be cheaper than hotel vacations, and that's good news for these stocks
▼ + stars: | 2024-06-08 | by ( Michelle Fox | ) www.cnbc.com time to read: +6 min

"Cruise demand is also tied to a broader consumer desire for accumulating experiences rather than objects," Farley wrote. "We can see that 2024 is not just benefiting from pent up demand, because that is completely new demand," Farley said. Melius Research is also bullish on the industry's future and believes cruise lines are set for continued margin expansion over the next several years. However, cruise pricing is holding up, analyst Jamie Rollo said in a note Friday. Earlier this month, the cruise operator lifted its full-year earnings forecast, citing strong demand and an improved outlook for the year.

Persons: Robin Farley, Farley, diems, Viking, Conor Cunningham, Morgan Stanley's, Jamie Rollo, Jason Liberty, Morgan Stanley, Rollo Organizations: UBS, Royal, Cruise, CNBC Locations: U.S, Royal Caribbean, Norwegian

☆ Interviewers keep giving Trump an off-ramp to his revenge tour. He isn’t taking it
▼ + stars: | 2024-06-07 | by ( Steve Contorno | ) edition.cnn.com time to read: +6 min

The open calls for revenge have effectively put retaliation on the ballot this November, and Trump allies have said as much. Trump launched his third campaign for president still seething over his 2020 defeat and signaling revenge against those who kept him from a second term. In March 2023, Trump told the Conservative Political Action Conference: “I am your retribution.”At the urging of some advisers, Trump has at times stepped back from the harsh rhetoric. Trump told the same conservative gathering earlier this year, “Retribution is going to be through success.”It’s a sentiment Trump has repeated many times since — including in the days after his hush money trial ended — but it’s not one he appears fully committed to. After his interview with Trump, McGraw told CNN’s Abby Phillip that he tried to get the former president to understand that a “revenge tour” wouldn’t heal the country and bring people together.

Persons: Donald Trump, Phil McGraw, Phil, Trump, ” McGraw, ” Trump, ”, Sean Hannity, it’s Joe Biden, Hannity, Stormy Daniels, Jim Jordan, Attorney Alvin Bragg, Matthew Colangelo, “, Marco Rubio, JD Vance, Ohio —, Biden, ” Rubio, Stephen Miller, ” Miller, Russell Vought, Kellyanne Conway, ” Conway, Hillary Clinton, ‘ Lock, ’, Steve Bannon, McGraw, CNN’s Abby Phillip, that’s, ” CNN’s Kate Sullivan Organizations: CNN, Fox News, Ohio, Attorney, Trump, GOP, Republican Party, Capitol, Conservative Political, Fox Locations: Manhattan, Marco Rubio of Florida, Washington

☆ Tim Scott launches multimillion dollar outreach effort to get Black and Latino voters to support the GOP
▼ + stars: | 2024-06-06 | by ( Kit Maher | Eva Mckend | ) edition.cnn.com time to read: +7 min

CNN —South Carolina Sen. Tim Scott, a contender to be former President Donald Trump’s running mate, is launching a multimillion dollar effort to recruit Black voters to support Republicans in 2024. And that translates into a lot of ticked off people who are looking at the Republican Party,” he said. Trump won roughly 1 in 10 Black voters nationally in 2020, according to multiple estimates, including 12% in CNN’s exit poll. In the same survey, 14% of Black voters said that if the election were held today, they would vote for Trump vs. 49% for Biden. As CNN’s Kevin Liptak reported last week, Biden’s aides say they aren’t taking Black voters for granted as surveys suggest an erosion of support, particularly among Black men.

Persons: South Carolina Sen, Tim Scott, Donald Trump’s, Scott, Trump, Biden, ” Scott, “ It’s, ”, aren’t, “ I’ve, we’re, “, ‘, I’m, ’ ” Scott, ” Trump, Kevin Liptak, Biden’s, ” Jennifer DeCasper, ” DeCasper, CNN’s Jennifer Agiesta Organizations: CNN, South, GOP, Great Opportunity PAC, Republican National Committee, Republican, Trump, Republican Party, Black Colleges, Universities, Act, Detroit, Biden, New York Times, Siena College, Black, Trump . Younger, Fox News Locations: South Carolina, Michigan, North Carolina , Georgia, Arizona , Nevada, Pennsylvania, Washington ,, Milwaukee, Philadelphia, Atlanta, Bronx, Siena, CNN’s

☆ NFL faces multi-billion dollar antitrust suit over its Sunday Ticket package
▼ + stars: | 2024-06-06 | by ( Chris Isidore | ) edition.cnn.com time to read: +2 min

New York CNN —A class action case challenging the legality of the NFL’s Sunday Ticket package, whose opening arguments are scheduled for Thursday, could shake up television rights deals in professional sports and the way teams make money. The case, first brought in 2015, focuses on the NFL’s package of games outside of a local market that are not shown nationally on other networks. The suit says by restricting broadcasts of those “out-of-market” games to the Sunday Ticket package, the NFL is forcing customers who just want to watch one team or a small group of teams have to pay more. The NFL argues that the current arrangement offers the broadest possible selection of games for fans at a good value. The NFL has been known to settle some high profile cases against it rather than having its practices disclosed and dissected in open court.

Persons: Roger Goodell, Jerry Jones, Robert Kraft, Susman Godfrey, Louis Organizations: New, New York CNN, Sunday, NFL, DirecTV, Google, YouTube, of, Fox News, Dominion Voting Systems, Rams Locations: New York, Los Angeles, St

☆ Top news app in U.S. has Chinese origins and ‘writes fiction’ with the help of AI
▼ + stars: | 2024-06-06 | by ( ) www.cnbc.com time to read: +7 min

Billing itself as "the go-to source for all things local," Newsbreak says it has over 50 million monthly users. "It seems this 'news' outlet's AI writes fiction they have no problem publishing to readers." Billing itself as "the go-to source for all things local," Newsbreak says it has over 50 million monthly users. Two local community programs assisting disadvantaged people told Reuters they were impacted by erroneous stories produced by NewsBreak's AI. The company launched in the U.S. in 2015 as a subsidiary of Yidian, a Chinese news aggregation app.

Persons: Newsbreak, NewsBreak, Harvest912, Jeff Zheng, Zheng, Norm Pearlstine, Pearlstine, paywalls Organizations: Facebook, Reuters, Fox, AP, CNN, NewsBreak, NewsBreak's, Food, Wall Street Journal, Los Angeles Times, LA Times Locations: China, United States, Bridgeton , New Jersey, Small Towns, Mountain View , California, Beijing, Shanghai, America, U.S, Colorado, Erie , Pennsylvania, Yidian, NewsBreak

☆ The GOP fires up its vengeance 2024 tour
▼ + stars: | 2024-06-06 | by ( Tom Foreman | ) edition.cnn.com time to read: +5 min

CNN —In the wake of former President Donald Trump’s felony conviction, the “R” in the Republican brand might just as well stand for revenge. Trump nodded to the idea when asked about his conviction, which he has persistently, and with no evidence, blamed on President Joe Biden’s administration. Much of it is aimed at Biden, but there is plenty of anger to go around. Is every House committee controlled by Republicans using its subpoena power in every way it needs to, right now? “It’s bigger than just President Trump.

Persons: Donald Trump’s, Trump, Joe Biden’s, “, ” Trump, ”, Ronny Jackson, Newsmax, Biden, ” Jackson, Joe Biden … I’m, Biden’s, Hunter, ’, Joe Biden, Steve Bannon, Attorney Alvin Bragg, ” Bannon, Bannon, Bragg, Stephen Miller, ” Miller, Mike Johnson, Johnson, –, Liz Cheney Organizations: CNN, Republican, Trump, GOP, House, ” Texas Republican, Attorney, New York Times, Fox News, Republican AG, Republicans, Republican DA, US Department of Justice, Heritage Foundation, Department of Justice, DOJ Locations: ”, USA, York, Manhattan, reining, Jail

☆ Stocks making the biggest moves before the bell: Robinhood, Nvidia, Lululemon, Five Below and more
▼ + stars: | 2024-06-06 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Five Below told investors to expect between $830 million and $850 million, while analysts polled by LSEG forecasted $883 million. Sprinklr — The business technology stock dove 21.1% in the wake of weak guidance for the current quarter and full year. StoneCo — The financial technology stock rose 2.6% following an upgrade to overweight from neutral by JPMorgan . Ultragenyx Pharmaceutical — The biopharma stock added nearly 4% following an upgrade to buy from neutral at Goldman Sachs. Shopify — The e-commerce technology stock slipped 1.6% on the back of a MoffettNathanson downgrade to neutral from buy.

Persons: Goldman Sachs, Smartsheet, LSEG, Sprinklr, Mizuho, there's, StoneCo, CH Robinson, Goldman, ISI's, Shopify, Guggenheim, —, Jesse Pound, Michelle Fox, Lisa Kailai Han Organizations: Nvidia, LSEG, Revenue, Mizuho, JPMorgan, Ultragenyx Pharmaceutical, Goldman, eBay, Citi, UBS, BMO Capital, BMO, Viridian Therapeutics, ISI, Energy Locations: Americas

☆ Stocks making the biggest moves midday: Five Below, Salesforce, Lululemon, Instacart and more
▼ + stars: | 2024-06-06 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

For the current quarter, Five Below said it expects between $830 million and $850 million in revenue, while analysts polled by LSEG expected $883 million. The move was made earlier this week and comes just days after the company reported its first revenue miss since 2006. Lululemon issued weak guidance for the current quarter, but its full-year earnings per share guidance was above expectations. The company recorded earnings of $2.66 per share, which is better than the LSEG consensus estimate of $2.33 in earnings per share. The bank cited its earnings per share potential and discounted valuation as reasons for the call.

Persons: LSEG, ValueAct, Mason Morfit, Lululemon, Sprinklr, Smartsheet, Smucker, Goldman Sachs, —, Samantha Subin, Michelle Fox, Lisa Han, Alex Harring Organizations: LSEG, Revenue, Old Dominion, Fluence Energy, Guggenheim, Ultragenyx Pharmaceutical, JPMorgan

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