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CNN —Never before has there been such anticipation ahead of a WNBA season. It’ll be a busy opening day of action, with four games on the slate – including Caitlin Clark’s Indiana Fever debut at 7.30 p.m. 1 pick in April’s 2024 WNBA draft. But now Clark will lace up her shoes for her WNBA debut when she and her Indiana teammates travel to Connecticut to face the Sun. Angel Reese will look to impress in her debut season for the Chicago Sky.
Persons: Caitlin Clark’s Indiana, Clark, TickPick, Caleb Williams, ” Clark, , Gregory Shamus, Lin Dunn, Los Angeles Sparks –, , Cameron Brink, Rickea Jackson, Sparks, Jackson, Angel Reese, Melissa Tamez, Kamilla Cardoso, Reese, Cardoso, A’ja Wilson, Kelsey Plum, Alysha Clark, Candance Parker, Sabrina Ionescu, Breanna Stewart, Courtney Vandersloot, Jonquel Jones, Sandy Brondello, Alyssa Thomas, DeWanna Bonner, Leila Lacan Organizations: CNN, WNBA, Washington Mystics, New York Liberty, Entertainment, Sports Arena, Mystics, Liberty, ESPN3, ESPN, Amazon Prime, ION, NBA, ABC, CBS Sports Network, CBS, Paramount, NCAA, Iowa Hawkeyes, Chicago Bears, Sun, Mohegan Sun, Aliyah, Los Angeles Sparks, Los, Chicago Sky, LSU, Aces, Las Vegas Aces, Las, Barclays Center . The Liberty, Vegas, Connecticut Sun Locations: Washington , DC, Indiana, Connecticut, Aliyah Boston, Boston, Clark, Boston , Indiana, Brink, Los Angeles, Chicago, Illinois, South Carolina, Las Vegas, New York, Angers, France
Check out the companies making headlines in midday trading: Meme stocks — Meme stocks roared for a second day with GameStop surging more than 65% and AMC popping over 70%. AMC's Tuesday rally came even after the movie theater said it completed a $250 million stock sale during Monday's wild trading. Sony — U.S.-listed shares jumped 5.3% after quarterly revenue came in at 3.5 trillion yen, topping the consensus expectation of 2.89 trillion yen from analysts polled by LSEG. On Holding — The shoe maker jumped 16% after first-quarter earnings came in well ahead of analysts' expectations. Boston Beer Company — Shares added 1% after the beer brewer was upgraded by Jefferies to buy from hold.
Persons: United, Newell Brands, Roth, , Yun Li, Michelle Fox, Samantha Subin, Hakyung Kim, Brian Evans Organizations: GameStop, AMC, Sony —, LSEG, Vodafone — U.S, United Airlines —, Barclays, Boston Beer, Jefferies, JPMorgan Locations: Europe
Wells Fargo reiterates Nvidia as overweight Wells increased its price target on Nvidia to $1,150 per share from $970. Jefferies upgrades Boston Beer to buy from hold Jefferies said in its upgrade of the beverage company that it sees "multiple expansion." Bank of America reiterates Apple as buy Bank of America said it's sticking with its buy rating on shares of Apple. JPMorgan upgrades Planet Fitness to overweight from neutral JPMorgan said in its has increased confidence in Planet Fitness' growth. JPMorgan upgrades Vtex to overweight from neutral JPMorgan said it sees an attractive entry point for the software-as-a-service company.
Persons: Tesla, Goldman Sachs, Goldman, it's, Wells, ests, Jefferies, Beer, Roth, Morgan Stanley, GXO's, Baird, Oppenheimer, Edwards Organizations: Barclays, Oncology, Fulcrum Therapeutics, ISI, Nvidia, Jefferies, Boston Beer, GXO Logistics, Bank of America, Apple, HSBC, Citi, Weatherford, Energy, JPMorgan, LT, Fortrea Holdings, Edison International, RBC, North, Deutsche Bank, Amazon, Deutsche, Western Digital, Seagate Locations: China, North America
Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. "That was a big, big mistake that they did that. They cut the… price target of Constellation," Cramer said. The CNBC Investing Club owns shares of Constellation Brands . The Investing Club has long owned Eli Lilly , which makes GLP-1s.
Persons: Jim Cramer's, Jim Cramer, Cramer, You've, cautioning, Eli Lilly Organizations: CNBC, Club, Boston, Jefferies, CNBC Investing Club, Constellation Brands, JPMorgan Locations: Swiss
We've compiled everything you need to know where to watch Indiana Fever vs. Connecticut Sun, including both cable and live streaming options. 1 overall draft pick in April and was scooped up by the Indiana Fever, where she joins 2023 WNBA Rookie of the Year Aliyah Boston. The Indiana Fever has played two preseason games so far, which saw them win one and lose one. The Indiana Fever and Connecticut Sun will play almost 40 games each this season, including a couple more against each other. Where to watch Indiana Fever vs. Connecticut Sun in the USThe Indiana Fever vs. Connecticut Sun game will be available on cable and streaming in the US.
Persons: Caitlin Clark, Clark, There's Organizations: Business, WNBA, Indiana, Connecticut Sun, Iowa, NCAA Division, Indiana Fever, Boston, New York Liberty, ESPN2, ESPN, Disney, Pixar, Marvel, Star Wars, Geographic, Century Fox, Hulu, Disney Plus, ESPN3, TNT, TBS, CNN, Phoenix Mercury, Las Vegas Aces Locations: Uncasville , Connecticut
Deutsche Bank maintained a hold rating on Nvidia ahead of earnings next week, while Wells Fargo raised its price target. The firm downgraded shares to neutral from buy while lowering its price target to $35 from $55. He has a $850 price target on shares, indicating shares pulling back nearly 6% from Monday's close. The analyst raised his price target on the stock to $1,150 from $974, implying upside of more than 27%. He also raised his price target to $78 from $68, implying upside of 19% from Monday's close.
Persons: Wells Fargo, Roth, Roblox, Eric Handler, Handler, — Hakyung Kim, Tesla's, Elon Musk's, Tesla, Dan Levy, Levy, Hakyung Kim, Jefferies, Boston Beer, Samuel Adams, seltzer, Kaumil, Boston Beers, Seltzer, Gajrawala, Ross Seymore, NVDAs, Seymour, Wells Fargo's Aaron Rakers, Rahul Krotthapalli, Krotthapalli, Fred Imbert Organizations: CNBC, Nvidia, Deutsche Bank, JPMorgan, Roth Capital Partners, Barclays, Jefferies, Boston Beer, Boston, Deutsche, Fitness Locations: Monday's, Boston
CNN —LeBron James sat courtside for the Cleveland Cavaliers’ 102-109 defeat to the Boston Celtics in Game 4 of the Eastern Conference semifinals on Monday. James’ presence wasn’t enough to inspire the Cavaliers, however, as Jaylen Brown and Jayson Tatum combined for 60 points to lift the Celtics to a commanding 3-1 series lead. Tatum finished with a game high 33 points to go with 11 rebounds, five assists and two steals, while Brown had 27 points and eight rebounds. The Cavaliers were without star guard Donovan Mitchell, who missed the contest due to a calf strain suffered in the fourth quarter of Game 3. The news was a pre-match sucker punch for Cleveland, with Mitchell putting up 33 points in the Game 3 loss on Saturday, his sixth straight playoff game scoring at least 25 points.
Persons: LeBron James, courtside, James ’, Jaylen Brown, Jayson Tatum, Tatum, Brown, Donovan Mitchell, Mitchell, Darius Garland, Evan Mobley, Caris, , ” Brown, ” Jayson Tatum, Brian Babineau, J.B, Bickerstaff, Garland, bullish, It’s, Organizations: CNN, Cleveland Cavaliers, Boston Celtics, Eastern, Cavaliers, NBA, Celtics, Cleveland, ESPN, Eastern Conference, Garden Locations: Cleveland
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTuesday’s rapid fire: Home Depot, Alibaba, On Holding, Boston Beer and Planet FitnessCNBC’s Jim Cramer weighed in on a number of notable stock moves in Tuesday’s session,
Persons: Jim Cramer Organizations: Boston Beer Locations: Alibaba, Holding
Sweetgreen introduced caramelized garlic steak, which is now the most expensive protein on its menu. The salad chain, which has over 225 locations, added caramelized garlic steak on Tuesday. Axios reported that it's the first red meat Sweetgreen has sold. In comparison, Sweetgreen charges $2.75 to add roasted tofu, $3.75 to add blackened or roasted chicken, and $6.15 to add miso glazed salmon. Neman said that Sweetgreen introduced steak to boost its dinner sales and expand its customer base.
Persons: Sweetgreen, , Jonathan Neman, they've Organizations: Service, New York Times, Times Locations: Manhattan, Boston, Neman, Australia, New Zealand
The contributors listed on the tax return include billionaire Republican megadonor Jeff Yass, who Accuracy in Media said gave it $1 million. The family foundation of shipping supply magnate Richard Uihlein is also identified on the tax return, which says the Ed Uihlein Family Foundation gave $10,000. According to its tax return, Accuracy in Media said it received $15,000 from the Coors brewing family's charitable foundation. But AIM president Adam Guillette told CNBC Yass had been misidentified, and he did not give to the organization. Nonprofit groups are not required to release their donors' names publicly, but they are required to report to the IRS the names of donors who gave $5,000 or more.
Persons: Claudine Gay, Pat Greenhouse, Jeff Yass, Richard Uihlein, Ed Uihlein, Milstein, Adam Milstein, Adolph Coors, Peter H, Janine, John Harvard, Joseph Prezioso, Adam Guillette, Guillette, Phil Headley, Uihlein, Israel, Ben Curtis Organizations: Harvard, Harvard University, Boston Globe, CNBC, Media, Foundation, Milstein Family Foundation, Internal Revenue, Coors, Adolph Coors Foundation, Molson Coors, Susquehanna International Group, Pro, Harvard University in, Afp, Getty, IRS, CNBC Yass, JBS, Company, AIM, Nonprofit, Independent Women's, South, IWF, Amazon, Project Veritas, Harvard College Locations: Yass, Uihlein, Harvard University in Cambridge , Massachusetts, South Carolina, Israel, Gaza, Harvard University in Cambridge
Uber and Lyft are set to face trial on Monday in a US lawsuit by Massachusetts’ attorney general alleging the ride-share companies misclassified their drivers as independent contractors rather than more costly employees. Uber (UBER) and Lyft (LYFT) argue that they properly classified the drivers, saying they are not transportation companies that employ drivers but technology companies whose apps facilitate connections between drivers and potential riders. The lawsuit going to trial was filed in 2020 by Campbell’s predecessor, Maura Healey, now the state’s Democratic governor. Should the state prevail, it has said the companies could face large penalties for not properly classifying their drivers. By not classifying their Massachusetts drivers as employees, Uber and Lyft avoided paying $266.4 million into workers’ compensation, unemployment insurance and paid family medical leave over 10 years, according to a report by the state auditor.
Persons: Andrea Joy Campbell, Uber, Peter Krupp, Rohit Singla, Maura Healey, Lyft Organizations: Democratic, Studies, Massachusetts, Campbell’s Locations: Massachusetts, Boston, Suffolk
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Boston Fed Pres. Rosengren: Biden's fiscal policies have contributed to the resilient economyFormer Boston Fed President Eric Rosengren joins 'Squawk Box' to discuss the state of the economy, the Fed's inflation fight, interest rate outlook, strength of the job market, and more.
Persons: Eric Rosengren Organizations: Former Boston Fed
Three fellow prison inmates charged in the brutal bludgeoning death of James (Whitey) Bulger, the wily and charismatic Boston gangster who had evaded a federal dragnet for 16 years, have agreed to a plea deal, according to a filing by federal prosecutors in West Virginia on Monday. Fotios Geas, Paul J. DeCologero and Sean McKinnon faced murder and conspiracy charges after Mr. Bulger, 89, was found beaten to death in his cell in 2018, just hours after being transferred from a Florida lockup where he had been serving two consecutive life sentences for his role in 11 murders. The details of the agreement were not disclosed. In a three-page motion, prosecutors said that the three men had agreed to “cooperate” with the government in preparing a report specifying the circumstances of Mr. Bulger’s killing at the Hazelton federal prison in Bruceton Mills, W.Va.Prison officials had quickly identified Mr. Geas as a suspect in the immediate aftermath of the attack. After a four-year investigation, prosecutors said Mr. DeCologero, a Boston-area gang leader, also took an active role in battering Mr. Bulger, while Mr. McKinnon served as a lookout.
Persons: James, Whitey, Bulger, Fotios Geas, Paul J, DeCologero, Sean McKinnon, Bulger’s, Geas, McKinnon Organizations: Boston Locations: West Virginia, Florida, Hazelton, Bruceton Mills, W.Va, Boston
Unlike traditional banks, nonbank mortgage companies like Rocket Mortgage are heavily exposed to swings in the mortgage market, depend on funding that can dry up during times of stress and don’t have stable deposits to rely on as a safety net. Despite the wonky term, nonbank mortgage companies have become vital players that make most home mortgages in the United States today. As of 2022, nonbank mortgage companies originated about two-thirds of US mortgages and owned the servicing rights on 54% of mortgage balances, according to FSOC. “Nonbank mortgage firms are thinly capitalized, which makes them vulnerable to failure if they lose financing or mortgage defaults spike,” said McCoy, a former mortgage regulator. “Starting in early 2007, we saw a tsunami of nonbank mortgage firms fail precisely for these reasons.”
Persons: Janet Yellen, FSOC, Cooper, ” FSOC, Ginnie Mae, Bob Broeksmit, Patricia McCoy, , McCoy Organizations: New, New York CNN, Rocket, Mortgage, Mortgage Bankers Association, ABA, Boston College Law School, Locations: New York, United States
Lee McColgan’s career in finance was probably doomed as soon as he started visiting historic house museums. The first one he toured was the Fairbanks House, in Dedham, Mass., the oldest surviving timber-frame home in America, built in 1637. It was 2014, and Mr. McColgan was living in Omaha, where he worked as a sales representative for a large investment company. Despite a rural childhood in Vermont and an interest in visual arts and building, he had spent much of his adulthood working in a cubicle: five years of “jacking in” at a call center outside Boston, followed by several more as a Midwestern “external wholesaler” pitching mutual funds to financial advisers.
Persons: Lee McColgan’s, McColgan, Organizations: Fairbanks Locations: Dedham, Mass, America, Omaha, Vermont, , Boston
"I think it's no secret that prices are going up in pretty much every area right now," Lueke told CNBC. About two thirds, 65%, of U.S. adults surveyed by CNBC/SurveyMonkey this spring said inflation is the main driver of their financial stress. Disinflation, deflation and the 'money illusion'"I think Americans are a little perplexed when they see news reports of inflation coming down, and yet they don't notice any of their prices coming down," said Lindsay Owens, executive director of the nonprofit think tank Groundwork Collaborative. There's an important difference between inflation increasing more slowly — a phenomenon called disinflation — and inflation reversing itself, which would lead to prices coming down. When they do fall, it is typically a result of people spending less, which isn't currently the case.
Persons: Jenn Lueke, Lueke, Jennifer Lueke, Zac Staffiere, I'm, Lindsay Owens, isn't Organizations: CNBC Locations: Boston, U.S
Companies are rapidly integrating generative AI technology to boost productivity. AdvertisementCompanies have been racing to deploy generative AI technology into their work since the launch of ChatGPT in 2022. She added that the "demand for AI governance and risk experts is outpacing the supply." "The venture capital environment also reflects a disproportionate focus on AI innovation over AI governance," Singh told Business Insider by email. But with the pace of innovation in AI, government regulations may not be enough right now to ensure companies are protecting themselves.
Persons: , haven't, Tad Roselund, Nanjira Sam, Navrina Singh, Singh Organizations: Service, Companies, Microsoft, Boston Consulting Group, MIT Sloan Management, Stanford's Institute for, Intelligence, Biden Administration Locations: EU
A new Zillow and StreetEasy analysis finds that rental price growth is far outpacing wage growth in most big cities — and New Yorkers are particularly screwed. In New York City, rents increased seven times as fast as wages from 2022 to 2023. Similarly, renters in Boston, Cincinnati, and Buffalo are seeing their wage growth dwarfed by their rent increases. But it's not all bad news for prospective and current tenants: There are still a handful of cities where wage growth has outpaced rent increases. While wages rose by 5.5% between 2022 and 2023, rents increased by just 0.8%, the Zillow/StreetEasy report found.
Persons: it's, Tesla, Austin, that's, there's Organizations: Service, Business, Apple, The Atlantic Locations: New York City, Boston , Cincinnati, Buffalo, Austin, Portland , Oregon, Salt Lake City, San Jose, Houston, Salt Lake City , Minneapolis, Riverside , California, Los Angeles, San Francisco, San Diego, California, Southern, Raleigh, Charlotte, North Carolina, Miami, Georgia, Tennessee
Real estate stocks have become oversold and that's presented an opportunity for investors, according to BMO. Real estate is the only S & P 500 sector that's in the red this year, off 6%. .SPLRCR YTD mountain S & P 500 Real Estate Sector year to date BMO identified four other periods of this abnormal underperformance. In the year following such troughs, real estate investment trusts outperformed the S & P 500 by about 17%, on average. "The death of commercial real estate is way, way precluded.
Persons: that's, Brian Belski, Belski, REITs, Charles Meyers Organizations: BMO, Real, Boston Properties, CNBC, Boomers, . Census, Hotels, Resorts Locations: New York, San Francisco
In today's big story, we're looking at how a sports bettor trying to hedge a $1.7 million payout shows the gambling world is taking a page out of Wall Street's book . The big storySports gambling goes Wall StreetiStock; Rebecca Zisser/BIHow would you like to turn $100 into $1.7 million in a little over a year? Thanks to a secondary market for gambling tickets, Shelton could sell his ticket to another bettor. And not unlike Wall Street's feelings about retail traders, Shelton is the type of gambler sportsbooks love. Unlike mom-and-pop gamblers who often bet on a whim, so-called sharps' systematic approach to gambling can pose a problem for sportsbooks.
Persons: , Rebecca Zisser, Wayne Shelton, Shelton, Matthew Fox, Anthony Edwards, Joshua Gateley, sportsbooks, Shelton's longshot, Goldman Sachs, Sam Bankman, Fried, Puck, SBF, Justin Sullivan, Getty Sundar Pichai, Pichai, Jack Dorsey, he'd, Mike Solana, Dorsey, Bluesky, Demis, Microsoft's Mustafa Suleyman, they'd, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, Sports, MLB, NFL, NBA, Oklahoma City Thunder, Thunder, Dallas Mavericks, Western Conference, ESPN, Boston Celtics, Minnesota Timberwolves, Getty, Detention, MDC, Bloomberg, Bay Area, YouTube, Spotify, Apple, Warner Brothers, Justice League, Big, Honda Locations: China, Russia, Brooklyn's, Young, New York City, New York, Bay, London
Sweetgreen shares surged 35% on Friday after the company topped Wall Street's revenue expectations for the first quarter. The salad chain reported $158 million in revenue, beating the LSEG consensus estimate of $152 million. It is an increase of 26% from the prior-year period, when it reported revenue of $125.1 million. Neman added that the company remains "on track" to open about seven new automated Infinite Kitchen restaurants this year and plans to establish more next year. The company announced Tuesday it's introducing steak to the menu, expanding its protein offerings with a Caramelized Garlic Steak protein plate, a Steakhouse Chopped warm bowl and a Kale Caesar (Steak) salad.
Persons: Sweetgreen, Jonathan Neman, Kale Caesar, Nicolas Jammet, We're Organizations: Wall, South Lake Union, Analysts Locations: Neman, South Lake, Seattle, Boston
CNN —The Cleveland Cavaliers leveled their Eastern Conference semifinal series against the Boston Celtics, taking down the No. The Cavaliers bounced back from a demoralizing Game 1 blowout to flip the script and steal home-court advantage away from Boston. All-Star guard Donovan Mitchell scored 29 points, grabbed seven rebounds and dished out eight assists to help Cleveland to its first win of the series. I was just continuing to find ways to apply pressure on them,” said Mitchell after the game. Joshua Gateley/Getty ImagesPJ Washington added another 29 points and 11 rebounds for Dallas, while Gilgeous-Alexander led OKC with 33 points, 12 rebounds, eight assists and two blocks.
Persons: Donovan Mitchell, Cavs, Mitchell, , Evan Mobley –, Jarrett Allen, , Caris, Jayson Tatum, Tatum, Max Strus, Brian Babineau, Jaylen Brown, Joe Mazzulla, , Luka Dončić, Dončić –, Shai Gilgeous, Alexander, Nikola Jokić –, ” Dončić, “ I’m, Joshua Gateley, PJ Washington, OKC Organizations: CNN, The Cleveland Cavaliers, Eastern Conference, Boston Celtics, Cavaliers, Celtics, , Six Cavaliers, Cleveland, Miami Heat, Boston, Mavericks, Thunder, Dallas Mavericks, Oklahoma City Thunder, Dallas, American Airlines Center Locations: Boston, Cleveland, Ohio, Slovenian, Oklahoma, Dallas
CNN —Former NBA champion Glen Davis has been sentenced to 40 months in prison for his part in a scheme to defraud the league’s health care plan out of millions of dollars, according to federal court records from the Southern District of New York. Davis – whose nickname while he played in the NBA was “Big Baby” – was also ordered to pay $80,000 in restitution, according to court documents. In November, Davis was found guilty of wire fraud, health care fraud, conspiracy to commit health care fraud and conspiracy to make false statements related to health care matters, court documents show. Williams, who has been called the “leader of the conspiracy” by prosecutors, pleaded guilty to aggravated identity theft and conspiracy to commit health care fraud and wire fraud in 2022, according to a judgment order. The scheme, Strauss said, began around November 2017.
Persons: CNN —, Glen Davis, Davis, , , Terrence Williams, Williams, Rashard Lewis, Kevin C, Cox, Audrey Strauss, Strauss Organizations: CNN, NBA, Southern, of, Seattle Supersonics, Oklahoma City Thunder, Boston Celtics, Celtics, Orlando Magic, Los Angeles Clippers, Orlando, Eastern, FBI, Manhattan Locations: of New York, Beverly Hills , California, Taiwan
Hans Zimmer Live 2024 is the sixth official touring production in which the famous composer performs live onstage. We've got you covered if you're looking for how to get tickets to Hans Zimmer Live 2024. Hans Zimmer 2024 tour scheduleHans Zimmer has 17 shows confirmed for the North American portion of his 2024 tour, taking him across just as many cities in the United States and Canada. Standard tickets for Hans Zimmer Live on verified resale sites are generally comparable to or less expensive than original ticket prices. Three international dates for Hans Zimmer Live 2024's North American leg are also confirmed.
Persons: Hans Zimmer, he's, King, Christopher Nolan's, Denis Velleneuve's, Zimmer, We've, Hans Zimmer's, Zimmer's Organizations: Business, United, Pirates, Ticketmaster, North, Zimmer's, Odessa Orchestra & Friends, Choir Locations: United States, American, Caribbean, North America, Canada, Duluth , Georgia, Vancouver , British Columbia, York City, Duluth, Hollywood, Raleigh, NC, NY, Baltimore, Boston, Montreal, Toronto, ON, Minneapolis, Chicago, Fort Worth , TX, Denver, Vegas, Los Angeles, CA, Oakland, Seattle, WA, Vancouver, BC, North American, Zimmer's Raleigh, Las Vegas, Dubai, Dortmund, Germany, British Columbia
Donna Kelce shared her reasons for delaying her divorce from Ed Kelce. Donna Kelce, mother of football players Jason and Travis Kelce, approached it a little differently. "But there are a lot of ways to have a marriage and a family," Morley said, that don't necessarily require romance or sex. AdvertisementFrom the way Donna and Ed Kelce talk about coming to their choice together, Morley said it shows "they did this with intentionality." Ed Kelce (top row, third from left), Donna Kelce, Jason Kelce, and Taylor Swift watching Travis Kelce play in the 2024 Super Bowl.
Persons: Donna Kelce, Ed Kelce, Jason, Travis Kelce, , it's, Martha Stewart, Kelce, Stewart, Dr, Isabelle Morley, Morley, Jason Kelce, It's, Donna, they're, Taylor Swift, Tim Nwachukwu Organizations: Service, University of Cincinnati, Bowling Green State University's National, for Family Locations: Boston
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