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☆ Hybrids are more popular than ever as shoppers cool on EVs
▼ + stars: | 2024-03-13 | by ( Nora Naughton | ) www.businessinsider.com time to read: +2 min

Fewer new-car shoppers are considering EVs for their next vehicle, according to JD Power, with shoppers citing a lack of access to charging infrastructure as a main reason for ruling out EVs. Brands that have leaned into hybrids saw better sales results in February. "Hybrids are just rockin,'" Toyota Motor North America's sales chief David Christ told Automotive News after it released its sales results last week. The Toyota RAV4 SUV is one of the more popular hybrids on dealer lots. Among American brands, Ford notched a 31.5% increase in hybrid sales, as these vehicles lured more new customers to the Blue Oval.

Persons: —, Power, David Christ, Ford, Jim Baumbick Organizations: Service, Tesla, Business, Brands, Toyota, Automotive, Blue, Ford

Mike DeWine of Ohio parted ways with Donald Trump on Monday and endorsed state Sen. Matt Dolan over Trump-backed businessman Bernie Moreno in the state's three-way GOP primary for a U.S. Senate seat. In breaking ranks with the former president, DeWine called Dolan the party's best shot at defeating Democratic incumbent Sherrod Brown in November. Ohio’s state GOP was the first in the nation to endorse Trump for president this year. Only about two weeks ago, DeWine told reporters he didn’t plan any endorsement in the GOP primary, which also features Ohio Secretary of State Frank LaRose, his fellow state officeholder. Moreno campaigned Monday throughout central Ohio with Trump-backed South Dakota Gov.

Persons: Mike DeWine, Donald Trump, Sen, Matt Dolan, Bernie Moreno, DeWine, Dolan, Sherrod Brown, Brown, didn't, Fran, ”, “, Trump, Frank LaRose, Rob Portman, DeWine's, Moreno, LaRose, ” Moreno, Kristi Noem, He's, Donald Trump Jr, Ohio's Trump, JD Vance, Jim Jordan, Rand Paul of Kentucky, Ted Cruz, Newt Gingrich, who's, Joe Biden Organizations: — Republican Gov, Trump, U.S, Senate, Democratic, Republican, Ohio, GOP, Moderate, Green Beret, Cleveland Guardians, South Dakota Gov, Republican U.S, Trump fighter U.S . Rep Locations: COLUMBUS , Ohio, Ohio, Cleveland, Sens, Ted Cruz of Texas, U.S

☆ Foot Locker shares drop more than 10% after heavy promotions lead to holiday-quarter losses
▼ + stars: | 2024-03-06 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +5 min

The Foot Locker logo is displayed in a store on May 19, 2023 in San Francisco, California. Foot Locker lost $389 million, or $4.13 per share, compared with income of $19 million, or 20 cents per share, a year earlier. Comparable sales at Foot Locker and Kids Foot Locker in North America increased 5.2%It's been a little over a year since Dillon took the helm of Foot Locker. During its fiscal third quarter, Foot Locker eked out surprise beats on the top and bottom lines. During the fourth quarter, Foot Locker opened 29 new stores, remodeled or relocated 66 locations, and closed 113 stores.

Persons: Locker, Foot, Mike Baughn, Foot Locker, Mary Dillon, Dillon, Ulta, Locker eked, Jordan Brand Organizations: LSEG, Sports, Foot, NBA, Nike, Dick's Sporting Goods, CNBC PRO Locations: San Francisco , California, markdowns, North America, India, Indianapolis

The decision to blow open five tank cars and burn the toxic chemical inside them after a freight train derailed in Eastern Ohio last year wasn't justified, the head of the National Transportation Safety Board told Congress Wednesday. “There was another option: let it cool down.”However, that information was never relayed to Ohio Gov. But the agency won't release its final report on what caused the Feb. 3, 2023, derailment until it holds another hearing this June. "The successful controlled release prevented a potentially catastrophic uncontrolled explosion.”Krissy Ferguson, 49, has not been able to return home since the derailment. The NTSB has said that it appears an overheating bearing on one of the railcars caused the derailment.

Persons: wasn't, Jennifer Homendy, ” Homendy, Mike DeWine, Dan Tierney, ” Tierney, “ Nobody, Keith Drabick, Homendy, Oxy, Drew McCarty, Republican Sen, JD Vance, Drabick, “, Vance, Norfolk, ” Krissy Ferguson, ” Misti Allison, ” Allison, ”, Alan Shaw, Patrick Orsagos Organizations: National Transportation Safety, Norfolk Southern, “, Ohio Gov, Palestine Fire, Professional Services, Republican, NTSB, Associated Press Locations: Eastern Ohio, East Palestine , Ohio, East Palestine, Columbus , Ohio

☆ Stocks making the biggest moves midday: CrowdStrike, Palantir, Super Micro Computer, Brown-Forman and more
▼ + stars: | 2024-03-06 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

JD.com — The Chinese e-commerce platform surged nearly 19% after posting a quarterly revenue increase. Thor Industries — Shares plunged 11% after the recreational vehicle maker posted quarterly revenue that disappointed expectations. In its second quarter, Thor Industries reported revenue of $2.21 billion, weaker than the FactSet consensus estimate of $2.27 billion. Box posted fourth-quarter earnings of 42 cents per share, topping the forecast 38 cents in earnings per share from analysts polled by LSEG. Wall Street firms HSBC and Deutsche Bank upgraded Target to buy after the earnings results.

Persons: CrowdStrike, JD.com, Nordstrom, Morgan Stanley, Locker, HashiCorp, LSEG, Couchbase, Bitcoin, Ether, ChargePoint, Wolfe, Brown, Forman —, Forman, Jack Daniel's, Adam Jonas, Tesla, Fitch, — CNBC's Michelle Fox, Lisa Kailai Han, Hakyung Kim, Pia Singh, Samantha Subin Organizations: Management, Nordstrom, New York Community Bancorp, Reuters, Wall, Bank, — Bank, PNC Financial Services, Northern Trust, T Bank, Thor Industries, FactSet, ChargePoint Holdings, LSEG, OpenAI, —, U.S . Army, Tactical Intelligence, Wall Street, HSBC, Deutsche Bank, Target, Argus, Abercrombie, Fitch, Tech Locations: FactSet ., LSEG .

☆ Stocks making the biggest moves premarket: Palantir, CrowdStrike, Foot Locker and more
▼ + stars: | 2024-03-06 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Foot Locker — Shares tumbled about 9.7% after the sneaker retailer posted a holiday-quarter loss and provided weak guidance for the current year. CrowdStrike's adjusted earnings of 95 cents per share surpassed an LSEG consensus estimate of 82 cents per share. The firm's $845 million in revenue was also higher than the estimated $839 million. That's higher than analysts' calls for $1.65 per share on revenue of $5.81 billion, according to LSEG. Box — The stock added 2.9% after matching fourth-quarter revenue expectations, according to LSEG.

Persons: Foot, CrowdStrike, Palantir, ChargePoint, FactSet, Ross, Bitcoin, Nordstrom, —, Jesse Pound, Michelle Fox Theobald Organizations: —, U.S . Army, Tactical Intelligence, Ross, OpenAI, Nordstrom

☆ KKM's Jeff Kilburg: Buy CrowdStrike
▼ + stars: | 2024-03-05 | 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 EmailKKM's Jeff Kilburg: Buy CrowdStrikeJeff Kilburg, KKM Financial founder and CEO, joins 'The Exchange' to discuss how to trade Nordstrom, CrowdStrike, and JD.Com.

Persons: Jeff Kilburg, Nordstrom, CrowdStrike Organizations: KKM Financial

The work report presented Tuesday by Premier Li Qiang to the National People’s Congress outlined plans for modest increases in overall spending and a hefty 7.2% jump in funding for the military. Li's work report is designed to showcase for the nation achievements in the past year and convey the top leadership's priorities for this year. Photos You Should See View All 60 ImagesApart from the ambitious growth target, “There is no reform, no liberalization, no action plan and no messaging of reassurance,” he said. — Another 10.4 billion yuan ($1.4 billion) will go to upgrading industries and modernizing manufacturing. “We will work to build China's self-reliance and strength in science and technology,” the report said.

Persons: it’s, Premier Li Qiang, Li, Xi Jinping's, James Zimmerman, ”, Tianchen Xu, What's, —, Xu, ” Lynn Song Organizations: BEIJING, Premier, National People’s, Communist, American Chamber of Commerce, Economist Intelligence Unit, Baidu, Greater China, ING Economics, — Locations: China, Beijing, Washington, Hong Kong, Greater

☆ A bigger pool of American workers could continue to slow inflation even further
▼ + stars: | 2024-03-03 | by ( Bryan Mena | ) edition.cnn.com time to read: +7 min

Now, as the Federal Reserve faces the final stretch of its historic inflation battle, a bigger pool of workers could slow inflation even further. That then begs the question: How much more can better labor supply slow inflation? The US Labor Department releases January figures on job openings, quits, hires and layoffs. The US Labor Department reports the number of new applications for jobless benefits in the week ended March 2. China’s National Bureau of Statistics releases February inflation data.

Persons: Mary Daly, “, ” Sarah House, Michael Gapen, That’s, Jack Bantock, ’, ”, Richard Felton, Thomas, ’ ”, Patrick Harker, Ross, Nordstrom, Michael Barr, Campbell Soup, Foot, Jerome Powell, Loretta Mester Organizations: DC CNN, Federal Reserve, San Francisco Fed, National Association for Business Economics, Labor, CNN, Bank of America, White House’s Council, Economic Advisers, English Premier League, Chelsea, Burnley, Philadelphia Fed, Target, P Global, Institute for Supply Management, US Commerce Department, Abercrombie, Fitch, Financial Services, The Bank of Canada, US Labor Department, Broadcom, Costco, Eagle Outfitters, Potbelly, Banking, Housing, Urban Affairs, European Central Bank, Cleveland Fed, National Bureau of Statistics Locations: Washington, San, Wells, United States, London, JD.com, Kroger, Burlington, DocuSign

☆ Here are Friday's biggest analyst calls: Nvidia, Apple, Dell, Netflix, Micron, Broadcom, Eli Lilly, New York Community Bancorp & more
▼ + stars: | 2024-03-01 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

"We are initiating coverage of Evolent Health with an Outperform rating and $45 price target." Goldman Sachs downgrades Estee Lauder to neutral from buy Goldman downgraded the stock and said it's under "sizeable pressure." "We are upgrading Annexon (ANNX shares) to Overweight from Neutral and establishing a December 2024 price target of $11." Bank of America reiterates Eli Lilly as buy Bank of America raised its price target on the stock to $1000 per share from $800. "Following 4Q23 earnings we are upgrading GoodRx from Neutral to Overweight and increasing our December 2024 price target from $7 to $10."

Persons: Davidson, Campbell, Morgan Stanley, JD, TD Cowen, Parker, Dell, Goldman Sachs, Goldman, Louise Singlehurst, Tom Ford, Jefferies, Root, AVGO's, Stephens, Vita Coco, COCO, Piper downgrades, Piper, Redburn, Oppenheimer, Daiwa, Morgan Stanley downgrades Flywire, Goldman Sachs downgrades Estee Lauder, Estee Lauder, Dwight, Wells, Eli Lilly, Lilly, D.A Organizations: Apple, Vulcan, Merck, Vertex Pharmaceuticals, Bank of America, Broadcom, York Community Bancorp, Netflix, Micron, Mizuho, MU, Citi, EV, Health, Nvidia, Dwight, Hewlett Packard Enterprises, JPMorgan, biosciences, " Bank of America Locations: York, Davidson, Oshkosh, Minneapolis , MN

☆ MAGA House candidate JR Majewski's disparagement of Special Olympics athletes is reverberating in the high-stakes Ohio Senate race
▼ + stars: | 2024-02-29 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +5 min

Ohio GOP Senate candidates Bernie Moreno and Frank LaRose have endorsed JR Majewski. The GOP House candidate faces backlash after calling Special Olympics athletes "fucking retarded." AdvertisementTwo high-profile GOP Senate candidates in Ohio won't say whether they still back House candidate JR Majewski after he made a joke referring to Special Olympics athletes as "fucking retarded." But State Sen. Matt Dolan, another Senate GOP candidate, told Business Insider in a statement that he agrees with the Lucas County GOP's condemnation of Majewski's "reprehensible remarks." And he called on his two opponents to rescind their support for the embattled House candidate.

Persons: Bernie Moreno, Frank LaRose, Matt Dolan, Moreno, LaRose, —, MAGA, Marcy Kaptur, Spokespeople, Majewski, Sen, JD Vance, JR Majewski, Dolan, Craig Riedel, Donald Trump, Donald Trump . State Sen, Nic Antaya, Democratic Sen, Sherrod Brown, disgracefully, @JRMajewski, lVNQ2qWpSj — Frank LaRose, ciLu3ckhXa, bGZfC6ZUem — bryan metzger, @metzgov, didn't, Derrick Merrin, Riedel Organizations: Ohio GOP, JR Majewski, GOP, Service, Lucas County GOP, Republicans, Democratic, JR, Ohio Republicans, Donald Trump . State, Senate, Majewski, FEC Locations: Ohio, Lucas County, Toledo, Lucas, America, Afghanistan, Montana, Washington, DC

☆ Chinese retailers further discount iPhone 15 amid slowing sales
▼ + stars: | 2024-02-29 | by ( ) www.cnbc.com time to read: +2 min

Customers are experiencing the newly launched iPhone 15 at Apple's flagship store in Shanghai, China, on September 24, 2023. Major Chinese third-party retailers JD.com , TMall and Pinduoduo are battling for customers by offering more steep discounts on Apple's iPhone 15 just five months after launch, as the U.S. tech company suffers slowing sales in China. Third-party retailers are also offering discounts of as much as 10% on Apple's iPhone 14 Pro. The iPhone 15 launch came at a time of slowing sales for Apple in China where it faces rising competitive pressure from domestic rivals like Huawei and Xiaomi . On Thursday, the third-party retailers were offering discounts on all four models of the iPhone 15 series, including the iPhone 15, iPhone 15 Plus, iPhone 15 Pro and iPhone 15 Pro Max, Reuters checks showed, with some models on sale at up to 1,300 yuan ($180.68) less than the usual price.

Persons: PDD didn't Organizations: Apple's, U.S ., Apple, Huawei, Xiaomi, Max, Local, Reuters Locations: Shanghai, China, U.S

☆ GOP House candidate JR Majewski refuses to drop out after disparaging Special Olympics athletes: 'I will not be threatened'
▼ + stars: | 2024-02-28 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

JR Majewski, a controversial GOP House candidate in Ohio, is refusing to drop out of the race after referring to Special Olympics participants as "fucking retarded." As Business Insider first reported earlier this month, Majewski made the disparaging comments during an appearance on a conservative podcast. You know, no matter how hard you try, arguing on the Internet, it's like being in the Special Olympics," he said. On Sunday, the Lucas County GOP — the largest party organization in Ohio's 9th congressional district — voted to censure Majewski for his comments. AdvertisementThe Ohio Republican told POLITICO on Tuesday that he was considering dropping out of the race.

Persons: Majewski, @JRMajewski, ciLu3ckhXa, bGZfC6ZUem — bryan metzger, @metzgov, —, Lucas, J, … —, Marcy Kaptur, He's, Derrick Merrin, Craig Riedel, Donald Trump, Sen, JD Vance, Ohio Organizations: JR Majewski, GOP House, Washington Establishment Machine, Business, BI, Republicans, Lucas County GOP, Ohio Republican, POLITICO, Republican Party, Congressional, GOP, Trump, Democratic, National Republicans, Republican Locations: Ohio, Toledo, Lucas County, Ohio's, … — Lucas, Northwest Ohio, Afghanistan, Japan, Qatar, Washington, DC

☆ Zelensky says Trump doesn’t understand Putin because he has never fought him
▼ + stars: | 2024-02-26 | by ( Ivana Kottasová | Kaitlan Collins | ) edition.cnn.com time to read: +5 min

Kyiv, Ukraine CNN —Former US President Donald Trump will be “against Americans” if he chooses to support Russia over Ukraine, the war-torn country’s President Volodymyr Zelensky said Sunday. Speaking to CNN’s Kaitlan Collins in Kyiv, Zelensky said he “can’t understand how Donald Trump can be on the side of (Russian President Vladimir) Putin.”“It’s unbelievable,” he added. Zelensky said that he believed Trump — who also claimed he would end the conflict in one day if elected — did not understand Putin’s goals. “I think Donald Trump doesn’t know Putin,” Zelensky said. “He doesn’t understand it, of course, God bless you don’t have the war on your territory.”

Persons: Donald Trump, Volodymyr Zelensky, CNN’s Kaitlan Collins, Zelensky, Vladimir, Putin, ”, Trump, —, “, Donald Trump doesn’t, ” Zelensky, “ we’ve, Avdiivka, Joe Biden’s, Ukraine’s, Oleksandr Syrskyi, Mike Johnson, Biden, …, I’m, Collins, JD Vance, Vance “ Organizations: Ukraine CNN — Former, Republican, South Carolina Republican, CNN, EU, European Union, “, Kyiv, Russia, Republicans Locations: Kyiv, Ukraine, Russia, United States, Avdiivka

☆ How Johnson wooed Trump to back a GOP congressman targeted by Gaetz
▼ + stars: | 2024-02-25 | by ( Manu Raju | Melanie Zanona | ) edition.cnn.com time to read: +11 min

“Seeing as how President Trump endorsed Mike Bost, Matt always finds himself on the wrong side of history,” Miller told CNN. After the GOP leadership’s candidate, Craig Riedel, was caught on tape criticizing Trump, multiple Republicans pulled their endorsement, including Miller and House GOP Conference Chairwoman Elise Stefanik. And now, Miller is inserting herself into another incumbent primary race in Illinois: She also is backing Bailey over Bost, her House GOP colleague. But this time, Miller and Gaetz are on the opposite side of Trump in the race. “Darren Bailey proudly stands with President Trump despite disagreeing with him on this endorsement,” a campaign spokesman said.

Persons: Donald Trump’s, Manu Raju ’, Mike Johnson, Donald Trump, Matt Gaetz, Johnson, Trump, Mike Bost, MAGA, Darren Bailey, Richard Hudson of, Max Miller, Bost, –, Kevin McCarthy, Matt, ” Miller, “, ” Darren Bailey, Terrence Antonio James, Tom Williams, Gaetz, Miller, Bailey, ” Gaetz, “ I’ve, he’s, Gaetz “, ” Bost, He’s, ”, Sen, Steve Daines, Republican leadership’s, Matt Rosendale, Craig Riedel, Elise Stefanik, Derek Merrin, Merrin, Byron Donalds of, JD Vance, Marcy Kaptur, Mary Miller of, Caucus hardliner, Rodney Davis, Davis, Bailey’s MAGA, Mike, ” Davis, that’s, it’s, “ Darren Bailey, Gaetz Gaetz, McCarthy, Carlos Gimenez, Don Bacon, I’ve, don’t, Reagan, shrugged, Sam Fossum, Morgan Rimmer, Christine Park Organizations: Republican, Rep, Republicans, Mar, Lago, Trump, Ohio, GOP, Florida Republican, CNN, Chicago Tribune, Getty, Capitol, Bost, Caucus, Air Force, Senate, Congressional, Democratic, House GOP, House Republican Conference, Getty Images Party, Republican JR Majewski, Street Caucus, ”, Nebraska Republican Locations: Illinois, Richard Hudson of North Carolina, Johnson, Hudson, Florida, Springfield , Illinois, Herrin , Illinois, McCarthy, Ukraine, Montana, House, Ohio’s, Ohio, Byron Donalds of Florida, Mary Miller of Illinois

☆ At CPAC, Trump’s potential running mates compete to prove their loyalty
▼ + stars: | 2024-02-24 | by ( Steve Contorno | ) edition.cnn.com time to read: +10 min

Former Democratic Rep. Tulsi Gabbard of Hawaii claimed not to know that attendees could choose her in a poll to pick Trump’s potential running mate, while South Dakota Gov. The jockeying to become Trump’s vice presidential pick, playing out behind the scenes for weeks if not longer, spilled into the open at this week’s CPAC, the country’s annual gathering of conservatives. The various approaches to campaigning for the job were on full display inside CPAC, and it’s uncertain which will win over Trump. “Last year, when everyone was asking me if I was going to consider running for president, I said no. “Because anything could happen to Trump.”But he conceded it was a fool’s errand trying to guess whom Trump might pick.

Persons: Elise Stefanik, Donald Trump, Byron Donalds, Tulsi Gabbard, Kristi Noem, Vivek Ramaswamy, Ohio Sen, JD Vance, Ben Carson, Kari Lake, Trump, Carson, “, CPAC, ” Donalds, he’s, ” Matt Schlapp, Newsmax, Schlapp, ” Trump, Ron DeSantis, ”, South Carolina Sen, Tim Scott, Scott, upstage Trump, Mike Pence, podcaster, Steve Bannon, ” Gabbard, Joe Biden, ” Stefanik, unapologetically, “ Trump, Elise, Donald J, Ramaswamy, who’s, ” Noem, Edward X . Young, Donald, Donalds, Bode Brewer, “ I’m, Genilde Guerra, ” Trump’s, Philip Whitby, “ It’s, “ Trump’s, ” Whitby Organizations: Harbor , Maryland CNN, Conservative Political, New York, Republican, Florida Rep, GOP, Democratic, South Dakota Gov, Gaylord, Resort, Urban, Trump, American Conservative Union, Fox News, Florida Gov, Indiana, Democratic Party, White, Biden Locations: Harbor , Maryland, Florida, Hawaii, Ohio, Arizona, America, South Carolina, Manhattan, Washington, Trump, New York, Iowa, United States, Brick , New Jersey, Reading , Pennsylvania, Genilde Guerra of Miami, Winter Park , Florida

☆ What to know about 'Avatar: The Last Airbender' breakout star Sebastian Amoruso
▼ + stars: | 2024-02-22 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +4 min

In the live-action, Jet is played by actor Sebastian Amoruso. AdvertisementWarning: Spoilers through episode four of the live-action "Avatar: The Last Airbender" ahead. Sebastian Amoruso and Kiawentiio as Jet and Katara in "Avatar: The Last Airbender." AdvertisementVideos of some of those performances are available on YouTube, showing that Amoruso played JD in "Heathers" and also appeared in shows like "American Idiot." Jet in the original "Avatar: The Last Airbender" cartoon.

Persons: —, Sebastian Amoruso, Robert Falconer, Amoruso, He's, Johnny, Sebastian Amoruso's, Jet, Katara, he's, Aang, Katara's Organizations: Service, Fire, Kiawentiio, Business, Netflix, Berklee College of Music, Washington D.C, Brookside Artist Management, Amazon Studios, Manor Performing Arts Training, YouTube, Jet, Nickelodeon, Fire Nation Locations: Los Angeles, Washington, New York, Omashu

☆ Is electric vehicle ownership bipartisan?
▼ + stars: | 2024-02-21 | by ( Alex | Leeds Matthews | ) edition.cnn.com time to read: +6 min

The data doesn’t include each voter with an electric vehicle, but it does offer some insight into political attitudes among consumers. Currently, the most widely available electric vehicles options are luxury brands, while mainstream consumers have more limited options. “We’re also seeing that things are really changing over time… That speaks to the fact that the economic and pollution benefits of electric vehicles don’t obey political boundaries.”Still, public opinion research suggests interest in electric vehicles has some partisan roots, even if the landscape may be changing. A 2023 Gallup poll found that 71% of Republicans would not consider buying an electric vehicle, compared with 17% of Democrats. More than one-third of electric and plug-in hybrid electric vehicles were registered in California, according to data from the US Department of Energy in 2022.

Persons: ”, David Kieve, Donald Trump, “, Stewart Stropp, Brett Williams, ” Williams, “ We’re, Kentucky —, Joe Biden, Williams, ” Kieve, Biden Organizations: Environmental Defense Fund, Republicans, Environmental Defense, Gallup, JD, Center for Sustainable Energy, Pew, Republican, Trump, US Department of Energy, EDF Locations: California, North Dakota, Kentucky

☆ US divisions over Putin’s Russia present grave global implications
▼ + stars: | 2024-02-20 | by ( Stephen Collinson | ) edition.cnn.com time to read: +12 min

CNN —US politics is now split by a fault line over Russia that could have far graver global implications even than condemning Ukraine to defeat after President Vladimir Putin’s invasion. Trump has also not repudiated his recent comment that he’d invite Russia to invade NATO nations that fell short of non-binding targets on defense spending. Aside from the mysterious hold that Putin appears to exert over Trump, the ex-president’s hostility towards Ukraine is easily explainable. Opposing aid to Ukraine is also an almost perfect issue for the ex-president and his allies in the GOP primary. These pressures weigh on Republican lawmakers as they cast increasingly tough votes on Ukraine aid.

Persons: Vladimir Putin’s, Donald Trump, Trump, Mike Johnson –, Johnson, Joe Biden, Biden, Volodymyr Zelensky, Russia’s, ” Biden, Zelensky, –, Alexey Navalny, Hungary’s Viktor Orban, Putin’s, Putin, Trump’s, Kevin McCarthy’s, hasn’t, Ohio Sen, JD Vance, Ukraine “, Vladimir Putin, ” Vance, Barack Obama, “, ”, Vance, Nikki Haley, Haley, Sen, Pete Ricketts, Ricketts, ’ ” Ricketts, ‘, ’ ”, It’s, Mitch McConnell Organizations: CNN, Donald Trump Republicans, NATO, Trump, GOP, Senate, Republican, Soviet, European Union, Russian, Republican Party, Republicans, Munich, Ohio, United, Chicago Council, Global Affairs, Trump Republicans, Ukraine Locations: Russia, Ukraine, Europe, Avdiivka, Russian, Kremlin, America, United States, Munich, China, “, Ohio, Crimea, East Asia, Beijing, Moscow, Iran, North Korea, we’re, ’ ” The Nebraska, Soviet Union

☆ Hedge funds took profits in these popular technology stocks during the fourth quarter
▼ + stars: | 2024-02-19 | by ( Samantha Subin | ) www.cnbc.com time to read: +6 min

Hedge funds appeared to take profits in a host of winning " Magnificent Seven " stocks during the fourth quarter at the end of a blowout year for the septet. Still, Nvidia shares rallied 14% in the fourth quarter, extending a 3% gain in the September quarter. Nor was Nvidia the only semiconductor maker that hedge funds cut back on in the fourth quarter. Reducing exposure to the rest of Magnificent Seven Hedge funds also took profits in a handful of other popular Magnificent Seven stocks that helped power 2023's AI-fueled market rally. Beyond the most prominent companies, hedge funds also made key reductions in other popular technology and semiconductor bets last quarter.

Persons: Dan Sundheim zeroed, Stanley Druckenmiller, David Tepper's, Phillippe Laffont's Coatue, Global's Chase Coleman, Jensen Huang, chipmaker, Tepper, Ole Andreas Halvorsen, Druckenmiller, Baupost Group's Seth Klarman, Coatue's Laffont, Point's Dan Loeb, Berkshire Hathaway, Value's Jeffrey Smith, Marc Benioff, Appaloosa's Tepper, Michael Burry, Druckenmiller amped, Point's Loeb, Coatue, Laffont, Tiger Global's Coleman, —, Alex Harring, Yun Li Organizations: Appaloosa Management, D1, Technology, Wall, Nvidia, Management, Devices, Intel, Qualcomm, Taiwan Semiconductor, Viking, Arm Holdings, VanEck Semiconductor, Google, Microsoft, Duquesne, Viking Global, Corvex Management, Sundheim's D1 Capital, Baidu, Arista Networks, Scion, Oracle, Amazon, Tiger Global, Apple, Taiwan, Broadcom Locations: TSM, Meta, Berkshire, Salesforce, Chinese, China

(AP) — Sen. Tim Scott, a potential running mate if Donald Trump becomes the Republican presidential nominee, is treading carefully on questions about whether he would have certified the 2020 election had he been vice president at that time. He added: "You’re asking a hypothetical question that you know can never happen again.”Scott voted in favor of certifying the 2020 results when the Senate got back to work after the siege. Scott sidestepped questions Sunday about how he saw the vice president's role in the certification process. The legislation, in part, makes clear that the vice president’s responsibilities in the certification process are merely ceremonial and that the vice president has no say in determining who actually won the election. Trump is facing felony charges for working to overturn the results of the 2020 election in the run-up to the Capitol riot.

Persons: — Sen, Tim Scott, Donald Trump, Trump, Mike Pence, Joe Biden's, Pence, ”, “ I’m, Scott, ” Scott, Sen, JD Vance, Elise Stefanik, Scott sidestepped, he’ll, President Trump, Jan Organizations: Republican, Electoral, U.S . Capitol, Trump, Ohio, Senate, Union ”, CBS Locations: REHOBOTH BEACH, Del, New York, United States, “ State

The proposed questions geared toward people age 15 and older will be tested sometime this year. Intersex is an umbrella term for a number of conditions where internal or external sex characteristics aren’t exactly like typical male or female bodies. Rene Coig objected to respondents being asked their sex at birth and then being asked their current gender. Others were disheartened by transgender being separated out as a category from male, female and nonbinary in the gender question instead of including the options of transgender man or transgender female. Several Republicans in the U.S. Senate have objected to some of the proposed questions.

Persons: ”, Gary Gates, demographer, Gates, “, ” Gates, David Ernesto Munar, Rene Coig, Coig, Amy Leite Bennett, Marco Rubio, JD Vance, Robert Santos, Mike Schneider Organizations: Associated Press, American Community Survey, UCLA, Howard Brown Health, University of Washington, Hennepin County Health, Human Services, Survey, American, Republicans, U.S . Senate, Ohio, Rutherford Institute Locations: United States, Chicago, Hennepin, Minneapolis, U.S, Sens, Marco Rubio of Florida

☆ Tucker Carlson's interview with Putin captivated some GOP lawmakers
▼ + stars: | 2024-02-15 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +7 min

Tucker Carlson's interview with Vladimir Putin was greeted with some interest on Capitol Hill. "Putin is a studied man of resolute spirit," said GOP Rep. Clay Higgins. AdvertisementWhen former Fox News host Tucker Carlson released his interview with Russian President Vladimir Putin last week, at least a few Republicans on Capitol Hill tuned in with interest. Conservative on one hand, rapidly changing on the other,” said Putin, according to Carlson’s translator. “And we have to be smarter.”AdvertisementAnd Higgins had little time for criticism of Carlson’s interview.

Persons: Tucker Carlson's, Vladimir Putin, JD Vance, Ron Johnson, Putin, Clay Higgins, —, Tucker Carlson, he’s, ”, Higgins, “ Putin, ‘, ’, Troy Nehls, Texas —, Tucker Carlson’s, Nehls, Donald Trump, “, Vlad, Mike Johnson, Sen, Ron Johnson of, Volodymyr Zelenskyy’s, Johnson, Tucker, ” Johnson, Carlson, Ukraine can’t — Putin, He's, Evan Gershkovich, Victoria Spartz, Anna Rose Layden, Ukraine’s, Victor Yanukovich, ” Spartz, Ohio, ” Vance, Abigail Spanberger, Putin spouted, ” “ Organizations: Capitol Hill, Service, Fox News, Republicans, Capitol, Caucus, Business, Milwaukee ”, America’s, Ukraine, Wall Street, Conservative, GOP, NATO, CIA, Victoria, Twitter, Democratic Locations: Clay Higgins of Louisiana, Texas, Chicago, Ukraine, Ron Johnson of Wisconsin, Kyiv, Russian, Colorado, Ukrainian, Eastern Europe, Russia, Victoria Spartz of Indiana, Rus, Kyiv Rus, Moscow, Virginia

☆ Elon Musk says the US should stop sending aid to Ukraine as there's 'no way in hell' Putin will lose
▼ + stars: | 2024-02-14 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Musk said Putin risked being "assassinated" if he were to back off the fight in Ukraine. The world's richest person told US Republican senators during an X Spaces "there is no way in hell" Vladimir Putin was going to lose the war with Ukraine. Musk said Putin risked being "assassinated" if he were to back off the fight in Ukraine. Musk provided access to the SpaceX satellites to allow civilians retain internet access amid Russia's attacks on Ukrainian infrastructure. In October, Musk tweeted his idea for restoring peace in Ukraine , which parroted Kremlin talking points and suggested Ukraine cede territory to Russia.

Persons: Elon Musk, Musk, Putin, —, Vladimir Putin, Sen, Ron Johnson, JD Vance, Mike Lee, Vivek Ramaswamy, wasn't, Reid Hoffman Organizations: Republican, Service, Bloomberg, SpaceX, Kremlin, RIA, Paypal, Representatives, Business Locations: Russia, Ukraine, Elon

☆ David Tepper's Appaloosa cut exposure to several semiconductor stocks, but bought into one well-known ETF
▼ + stars: | 2024-02-14 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

David Tepper's Appaloosa Management trimmed positions in multiple semiconductor stocks during the fourth quarter, while buying into a closely-watched technology exchange-traded fund. Tepper cut back exposure to Advanced Micro Devices , Intel , Lam Research , Micron , Nvidia and Taiwan Semiconductor in the latest quarter, regulatory fillings show. Taiwan Semiconductor saw the largest sale on a percentage basis, with the Carolina Panthers football team owner approximately halving his stake. Elsewhere in technology, Tepper built an initial stake in Oracle , while adding to Microsoft and Amazon . Microsoft and Amazon are now the second and third largest positions.

Persons: David Tepper's, Tepper, ARKK, Cathy Wood's Organizations: Devices, Intel, Lam Research, Micron, Nvidia, Taiwan Semiconductor, VanEck Semiconductor, Carolina Panthers football, Qualcomm, AMD, Pittsburgh, Innovation, Oracle, Microsoft, Amazon . Holdings, Meta, United Parcel Service, HCA Healthcare, General Motors, FMC, Pitt, Carnegie Mellon, Arista Networks, PDD Holdings, Uber Locations: Lam, Caesars, Alibaba

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