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☆ Singapore races to clean oil spill as luxury beach resort coated in slick
▼ + stars: | 2024-06-16 | by ( Kathleen Magramo | ) edition.cnn.com time to read: +2 min

CNN —An oil spill affecting Singapore has spread beyond a luxury beach resort to a marine reserve and other parts of the island as the authorities intensify cleanup efforts. The oil spilled into the city-state’s waters after a Netherlands-flagged dredger, Vox Maxima, hit Singapore-flagged bunker vessel, Marine Honor, on Friday afternoon, according to the Maritime and Port Authority of Singapore. The oil spill has spread from the busy Pasir Panjang Terminal cargo port, less than 10 kilometers (six miles) from Sentosa, the country’s popular resort island home to luxury hotels, golf courses and Universal Studios Singapore. Oil covers Sentosa's Tanjong Beach in Singapore on June 16, 2024. Measuring about 13 kilometers long (8 miles) long, 19 kilometers (11.8 miles) wide and dotted with several small islands, it is one of the world’s busiest commercial waterways where around 1,000 ships pass through every day.

Persons: Vox Maxima, Hari Raya Haji, John’s, Lazarus, Kusu, Roslan Rahman Organizations: CNN, Maritime, Port Authority of, Universal Studios Singapore, National Parks Board, Friends, Marine, Getty Images Authorities, Marine Stewards Locations: Singapore, Netherlands, Port Authority of Singapore, Pasir Panjang, Sentosa, Hari, Tanjong, Palawan, Siloso, St, Beach, AFP, China

☆ 14 Jordanians Die in Intense Heat During Hajj Pilgrimage
▼ + stars: | 2024-06-16 | by ( Emma Bubola | More About Emma Bubola | ) www.nytimes.com time to read: +1 min

Fourteen Jordanian pilgrims died as they performed rituals related to Hajj, a holy trip to Mecca in Saudi Arabia that Muslims are encouraged to take once in their lives, Jordan’s official news agency said on Sunday. The pilgrims died as a result of exposure to extreme sun and heat, the agency said, based on a report from Jordan’s Foreign Ministry. In Mecca, temperatures reached nearly 110 degrees Fahrenheit on Sunday, and recent studies have indicated that climate change will increase health risks there. The Hajj is one of the largest mass gatherings in the world, with Muslim pilgrims traveling from near and far for the spiritual experience, which is also a physical and mental challenge. This year, Hajj started on Friday and will end on Wednesday; 1.8 million pilgrims were expected to take part, according to the General Authority for Statistics, a Saudi government agency.

Persons: Hajj Organizations: Jordan’s Foreign Ministry, General Authority, Statistics Locations: Mecca, Saudi Arabia, Saudi

☆ Charles Barkley to retire from TV after next year, ‘no matter what happens’ with TNT
▼ + stars: | 2024-06-15 | by ( Jenna West | ) www.nytimes.com time to read: +2 min

Amid an uncertain future for NBA coverage on TNT, Charles Barkley said he will retire from TV after next year. “I have made the decision myself, no matter what happens, next year is going to be my last year on television,” Barkley said on NBA TV after Game 4 of the NBA Finals on Friday. The NBA Hall of Famer said he’s spoken with other networks and plans to stay with TNT until he retires. “I really love TNT, all the people who work here, NBA Television. NBC is the favorite for the final share of TV rights.

Persons: Charles Barkley, “, ” Barkley, he’s, there’s, Dan Patrick, ”, Discovery’s, Ernie Johnson, Kenny Smith, Shaquille O’Neal, Barkley, Mitchell Layton Organizations: NBA, TNT, of Famer, NBA Television, ESPN, Amazon, Athletic, NBC, Warner Bros, “, CBS Sports, Getty

CNN —Six people have died from heatstroke during the Hajj pilgrimage to Mecca, amid warnings from Saudi officials that temperatures during the annual gathering could reach 48 degrees Celsius (118 degrees Fahrenheit) this year. More than 1.8 million people are taking part in Hajj this year, according to the Saudi General Authority for Statistics. The Hajj is one of the biggest religious gatherings in the world and the largest annual event in Saudi Arabia. This year, Saudi Arabia is expected to experience extreme heat over the five-day pilgrimage, with temperatures reaching 48 degrees Celsius (118 degrees Fahrenheit) in Mecca. A Muslim pilgrim splashes water on his head to cool off at the base of Saudi Arabia's Mount Arafat during the Hajj pilgrimage on June 15, 2024.

Persons: Mount Arafat, Ramadan, Fadel Senna, Muhammad Al, Abdulaali, Jordan, Hajj – Organizations: CNN, Saudi, Saudi General Authority, Statistics, Getty Locations: heatstroke, Mecca, Jordanian, Jeddah, Jordan, Arafat, Saudi Arabia, Hajj, Saudi, AFP

☆ A famed economist who called the 2008 recession shares 3 ways stocks resemble some of the biggest bubbles in history — and warns 2 'bona fide' recession signals showed up in May's jobs data
▼ + stars: | 2024-06-15 | by ( William Edwards | ) www.businessinsider.com time to read: +6 min

Investors are currently reveling in the 'better', as an ongoing eight-month melt-up once again pushed the S&P 500 to fresh highs this week. But sooner or later, the 'worse' will come, warns David Rosenberg, the founder of Rosenberg Research, who famously called the 2008 recession while working as Merrill Lynch's chief economist. AdvertisementAnother sign the market is out over its skis is the performance divergence between the market cap-weight and the equal-weighted S&P 500 indexes. On June 12, the Dow underperformed the S&P 500 by 0.94%, one of only 71 trading days since 1982 where that's happened, according to Rosenberg's technical analysis consultant, Walter Murphy. AdvertisementIn addition to concerning market technicals, fundamentals could also be in a troubling place in the form of labor market weakness, Rosenberg said.

Persons: —, David Rosenberg, Merrill Lynch's, Rosenberg, Bob Farrell, Walter Murphy, Murphy, — Rosenberg, it's, Louis Fed, Piper Sandler Organizations: Service, Rosenberg Research, Business, Tech, Dow Jones, Dow, Nvidia, Microsoft, Apple, Federal Locations: lockstep

☆ Google-backed Tempus AI pops by as much as 15% in Nasdaq stock market debut
▼ + stars: | 2024-06-14 | by ( Riley De León | ) www.cnbc.com time to read: +1 min

Tempus AI, a health-care diagnostics company that uses AI to interpret medical tests to help physicians provide more accurate treatment for their patients, rose by as much as 15% in its Nasdaq Stock Market trading debut on Friday, after going public under the ticker symbol "TEM." Tempus AI priced 11.1 million shares at $37 apiece on Thursday, at the top of its initial $35 to $37 target range. Its early gains, if they hold, would place the company at a valuation of roughly $7 billion. Tempus believes that AI can help guide therapy selection and treatment decisions, in conjunction with the patient's doctor. "We're on a really good trajectory," Tempus AI CEO Eric Lefkofsky said on CNBC's "Squawk Box" Friday morning before shares started trading.

Persons: Eric Lefkofsky, we're Organizations: Nasdaq Stock Market

The severe downpours have also left 2,400 tourists stranded in the northeastern Indian state of Sikkim. Six people died in India’s Sikkim state and another four died from a landslide in neighboring Nepal’s Koshi province, according to officials. Bordered between Bhutan and Nepal, the northeastern state of Sikkim is known for its scenic Himalayan landscapes, boasting 28 mountain peaks, 21 glaciers and more than 200 lakes. The mountainous terrain of northeastern India is prone to landslides. ANI/ReutersChettri said approximately 2,400 tourists are stranded in various tourist spots in the state after landslides covered roads with debris and heavy rainfall damaged some bridges.

Persons: “, Hem Kumar Chettri, Chettri, ” Organizations: CNN, India’s Meteorological Department, Neighboring Locations: India, Nepal, Indian, Sikkim, Six, India’s Sikkim, Nepal’s Koshi, Bhutan, Government, Kalimpong, West Bengal, Neighboring West Bengal, Delhi

☆ Stocks making the biggest moves midday: Broadcom, Signet, Dave & Buster's and more
▼ + stars: | 2024-06-13 | by ( Sean Conlon | ) www.cnbc.com time to read: +4 min

Analysts polled by LSEG expected earnings of $10.84 per share and revenue of $12.03 billion. Signet Jewelers – Shares plummeted more than 13% on the heels of the company reporting mixed earnings results for the first quarter. Analysts polled by FactSet had expected earnings of 85 cents per share and revenue of $1.52 billion. The company reported revenue of $588 million, which is below the $621 million analysts had expected, per LSEG. Analysts had expected earnings of $2.68 per share and revenue of $404.8 million, according to FactSet.

Persons: LSEG, Signet, FactSet, Buster's, Tommy Bahama, Clark, Elon Musk, Oppenheimer, Ulta, Generac, Janney Montgomery Scott, Sean Milligan, Alex Harring, Michelle Fox, Sarah Min, Darla Mercado Organizations: Broadcom –, Computer, Arista Networks, Nvidia, Signet, Company, Galactic, Oxford Industries, Bank of America, Ford, Barclays, Paramount, Amusements, Paramount Global, Warner Bros, –, Liberty Global Locations: Texas

☆ A conservative way to get long legacy auto stocks as they rebound from EV troubles
▼ + stars: | 2024-06-13 | by ( Michael Khouw | ) www.cnbc.com time to read: +4 min

Geologist M. King Hubbert developed the "peak oil" theory in the 1950s. He famously projected that U.S. oil production would peak between 1965 and 1970, which seemed accurate as U.S. oil production did peak around 1970. Hubbert's prediction about the U.S. oil production peak was largely accurate for conventional oil production. Still, global oil production has not followed Hubbert's anticipated timeline due to discoveries, technological advancements, and new extraction techniques. Hydraulic fracturing (fracking) and deep-water drilling have significantly increased oil production beyond what was initially thought possible.

Persons: M, King Hubbert, Hubbert, Hubbert's, I've, Ford Organizations: Federal Electric Vehicle, ICE, GM, Ford, Trade Locations: United States, California

☆ Oil prices could drop to $60 per barrel in 2025 as world faces 'substantial surplus,' Citi says
▼ + stars: | 2024-06-13 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

OPEC+ members recently announced plans to bring 2.5 million bpd back to the market from October through September 2025. If the group follows through with its announced plan, the oil market will see a surplus of 2.6 million bpd or more. Deutsche Bank analyst Michael Hsueh said the OPEC+ production plan will cast a bearish shadow over the next two years . It is "inconceivable that the market could absorb anything close" to 2.5 million bpd, Hsueh said. The International Energy Agency warned Wednesday the world will be awash in oil by 2030, with production capacity outpacing demand projections by eight million bpd.

Persons: Brent, Michael Hsueh, Hsueh, Fatih Birol Organizations: Citi, Brent, Deutsche Bank, United Arab Emirates, TD Securities, International Energy Agency Locations: OPEC, North America, Brazil, Guyana, U.S

☆ Wholesale prices unexpectedly fell 0.2% in May
▼ + stars: | 2024-06-13 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

A measure of wholesale prices unexpectedly decreased in May, adding another piece of evidence that inflation is pulling back. The producer price index, a gauge of prices that producers get for their goods and services in the open market, declined 0.2% for the month, the Labor Department's Bureau of Labor Statistics reported Thursday. Excluding food, energy and trade services, the PPI was unchanged, compared with expectations for a 0.3% increase. From the wholesale perspective, the PPI was held back by a 0.8% decrease in final demand goods prices, which was the largest decline since October 2023. On the services side, fuels and lubricants retailing margins surged 12.2%, but that was offset in part by a 4.3% plunge in airline passenger services prices.

Persons: Dow Jones Organizations: Labor Department's Bureau of Labor Statistics, PPI, Stock, BLS, Federal Reserve, Labor Department

☆ A crocodile was terrorizing this Australian town. So residents cooked and ate it
▼ + stars: | 2024-06-13 | by ( Angus Watson | ) edition.cnn.com time to read: +2 min

CNN —A remote Australian community has taken revenge on a massive saltwater crocodile by eating the 3.6-meter (11.8-foot) beast blamed for devouring pets and chasing children. On Wednesday, police in the town of Bulla in Australia’s Northern Territory shot the crocodile after deeming it a “significant risk to the community.”The animal was barbecued after it was shot by police. Numbers have boomed in the decades since, with the Northern Territory now home to some 100,000 crocodiles, according to the local government. In April, a 16-year-old boy was killed by a crocodile in northern Queensland while attempting to swim to shore after his boat broke down. A nine-year-old boy was lucky to survive a crocodile attack in the Northern Territory’s Kakadu National Park in January, after being hospitalized with “puncture wounds.”

Persons: “, ”, Andrew McBride, ” Sergeant McBride, Kristen Hay Organizations: CNN, Northern Territory Police, ABC Locations: Bulla, Australia’s Northern Territory, Australia, Northern Territory, Queensland, Western Australia

The bank also raised its price target to $160 from $115, suggesting 18% upside from Wednesday's close. — Michelle Fox 7:59 a.m.: KeyBanc raises Netflix price target Netflix's growth isn't going to slow down any time soon, according to KeyBanc Capital Markets. — Pia Singh 7:23 a.m.: Bank America raises price target on Boeing Bank of America is weighing the challenges and opportunities Boeing has to make a turnaround. She kept her $38 price target, which implies shares could drop just slightly from its latest close. — Pia Singh 5:45 a.m.: Jefferies names Microsoft a top pick Microsoft is "going for AI gold," according to Jefferies.

Persons: Jefferies, Christine Cho, — Jesse Pound, Clark, Anna Lizzul, Kimberly, — Michelle Fox, Justin Patterson, Patterson, — Pia Singh, Ronald Epstein, Epstein, Oppenheimer, Ulta, Rupesh Parikh, Parikh, Morgan Stanley downgrades Corning, Corning, Morgan Stanley, Meta Marshall, Marshall, Tom O'Malley, O'Malley, AVGO, JPMorgan's Harlan Sur, Timothy Arcuri, Brent Thill, Fred Imbert Organizations: CNBC, Microsoft, Barclays downgrades NextEra Energy Partners, NextEra Energy Partners, Barclays, Bank of America, Clark Bank of America, KeyBanc, Markets, Netflix, Bank America, Boeing Bank of America, Boeing, Broadcom, VMware, Google, UBS, Jefferies Locations: Kimberly, F2H25

☆ Planes grounded as sudden storm floods runways at Spanish airport
▼ + stars: | 2024-06-12 | by ( Jack Guy | ) edition.cnn.com time to read: +2 min

CNN —Flights at Palma de Mallorca airport in Mallorca, Spain, were suspended Tuesday after a sudden storm flooded runways. Video footage from inside the airport terminal show water gushing through the roof of the building, and photos show flood waters almost reaching the bottom of plane engines. Operations were “temporarily suspended” as flooding affected part of the facility, airport operator AENA said in a statement Tuesday. On Wednesday, an AENA spokesperson told CNN that flights were suspended for two hours, affecting 100 out of 900 flights scheduled for the day. Boarding or disembarking passengers will also be prohibited in the affected areas.

Persons: “, AENA Organizations: CNN, Palma de Mallorca, Party Locations: Palma, Mallorca, Spain, AENA, Spain’s Balearic, Europe, Ibiza

☆ 66% of Americans give companies a failing grade for CEO pay
▼ + stars: | 2024-06-12 | by ( Matt Egan | ) edition.cnn.com time to read: +7 min

New York CNN —Americans are fed up with massive CEO pay packages. Just 13% say companies are doing a good or excellent job at avoiding a major pay gap between CEOs and average employees. For the third year in a row, the vast majority – 66% — say companies are doing a “poor” job here. Politically, the majority of Democrats (96%), independents (83%) and Republicans (67%) agree that it’s important to avoid major pay gaps. The findings show how the issue of CEO pay strikes a chord among many Americans, some of whom are struggling to make ends meet in an increasingly expensive world.

Persons: Gallup, ”, Nell Minow, Elon Musk, Tesla, “, Cynthia Clark, Bernie Sanders, Elizabeth Warren, “ It’s, Bill George, Medtronic, Hock Tan, William Lansing, George, Dave Calhoun, Dodd, Frank, Clark, ” Minow, Minow Organizations: New, New York CNN, Bentley University, Gallup, CNN, ValueEdge Advisors, Associated Press, “, Democrats, Sens, Broadcom, Harvard Business School, Boeing, Congress Locations: New York, ”

☆ This biotech ETF could be poised for a breakout after a few challenging years, according to the charts
▼ + stars: | 2024-06-12 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +4 min

Like so many speculative growth ETFs and stocks, the S & P SPDR Biotech (XBI) ETF is nowhere close to its former all-time high from early 2021. Even though the ETF now is up considerably from that point, many traders still have wanted nothing to do with it. We can understand why, especially when so many other stocks surpassed their respective former highs many months ago. The vertical blue lines depict when the 50-DMA crossing OVER the 200-DMA led to strong and extended upside follow through. It's been a challenging few years for XBI, but as these charts show, the blueprint for a continued comeback is there.

Persons: It's, XBI, Frank Cappelleri Organizations: SPDR Biotech Locations: Nasdaq

☆ Meet the typical LGBTQ+ American: A homeowner making six figures who most likely lives in DC or Vermont
▼ + stars: | 2024-06-12 | by ( Juliana Kaplan | Noah Sheidlower | ) www.businessinsider.com time to read: +6 min

Among opposite same-sex couples, about a third are between 25 and 44, while it's 42% for married same-sex couples. Same-sex couples are much more likely to be interracial than opposite-sex couples — 32.2% of same-sex couples are interracial, compared to 18.6% of married opposite-sex couples and 28.6% of unmarried opposite-sex couples. For married same-sex couples, this number jumps to $123,500, compared to $109,700 for married opposite-sex couples. Unmarried same-sex couples own just 48.7% of the time, slightly above 47.9% of unmarried opposite-sex couples. In nearly two-thirds of same-sex couples, both partners are working, though this drops to 61.9% for married same-sex couples.

Persons: — Organizations: Service, Survey, Business, Brookings, American, Gay, Gallup Locations: America, DC, Vermont, Massachusetts, Washington, California, Texas

☆ India heat: It’s so hot an insurer is helping thousands of women buy food
▼ + stars: | 2024-06-12 | by ( Diksha Madhok | ) edition.cnn.com time to read: +3 min

New Delhi CNN —A one-of-its-kind insurance policy has started making payouts to tens of thousands of women across India to help them cope with the impact of extreme heat. Indian women working in agriculture typically earn about 300 rupees ($3.60) per day. Outdoor work in such extreme heat can lead to chronic rashes, dizziness, burns, infections, and miscarriage, according to Climate Resilience for All. More than 46,000 women were given additional insurance payments, with some receiving up to $19.80 each. Overall payments across the program amounted to over $340,000, Climate Resilience for All said in a statement on Wednesday.

Persons: ”, Kathy Baughman McLeod, “, Arunaben Makwana, SEWA, McLeod Organizations: New, New Delhi CNN, Resilience, India’s, Women’s Association, Swiss, ICICI Lombard, Toiling, United Nations ’ Economic, Social Commission Locations: New Delhi, India, Rajasthan, Maharashtra, Gujarat, South Asia, Africa, Delhi, Asia

☆ Microsoft is considering an AI revamp of its 365 software bundles, sources say
▼ + stars: | 2024-06-11 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +7 min

The plan focuses on Microsoft 365, a popular suite of productivity software used by thousands of businesses. This is a big risk for the company because Microsoft 365 has been an important source of revenue and growth, even without fancy new AI capabilities. The problem was that Microsoft salespeople started to pitch E5 as the last business software suite that customers would need to buy. AdvertisementA "spiritual successor"The generative AI boom, and Microsoft's early lead here, have increased the chances that a new 365 bundle will emerge soon. Microsoft has new AI tools that it can integrate with 365 and use that to persuade customers to upgrade their software bundle.

Persons: —, Satya Nadella, Jared Spataro's, Microsoft salespeople, it's, Slack Organizations: Service, Microsoft, Business, Microsoft's Productivity, Processes, Sharepoint, European Commission, EU Locations: Capex

☆ These stocks are half as cheap as the S&P 500 and beating the benchmark
▼ + stars: | 2024-06-11 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

The S & P 500 has been notching fresh highs as of late, but investors with a keen eye may find reasonably priced stocks that are beating the market. The benchmark is currently flexing a last 12-month price-earnings ratio of roughly 25 times, according to FactSet data. But some stocks are offering solid performance at a lower valuation when compared with the S & P 500. Shares climbed more than 18% in 2024 through Monday's close, compared with the S & P 500's 13% gain. Shares have climbed more than 35% in 2024, while Arch's TTM price-earnings ratio sits at 7.95, the lowest on the list.

Persons: Chubb, Warren, Berkshire Hathaway, Joshua Shanker, America's Shanker Organizations: CNBC Pro, CNBC, . Insurance, Berkshire, Chubb, Bank of America, " Insurance, Arch Capital, Arch, Bank, America's, Fox Corp, Hartford Financial, Altria Locations: Monday's

☆ A successful Alzheimer's drug will help Eli Lilly join the $1 trillion club
▼ + stars: | 2024-06-11 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +7 min

Eli Lilly became the most valuable health-care company in the world on the back of its blockbuster diabetes and obesity drugs. The billions of dollars in Eli Lilly is investing in manufacturing capacity support the idea that the long-term opportunity is immense. Adding Eli Lilly to the market could help address some of the obstacles that limited Leqembi's sales early on. Eli Lilly, which has spent billions in search of a successful Alzheimer's treatment , had hoped for donanemab to be approved by now. A sign with the company logo sits outside of the headquarters campus of Eli Lilly and Company on March 17, 2024 in Indianapolis, Indiana.

Persons: Eli Lilly, donanemab, Eli Lilly's, Donanemab, Leqembi —, Biogen, —, Jim Cramer's, Ken Langone, Morgan Stanley, Cantor Fitzgerald, Leqembi, Jim Cramer, Jim, Scott Olson Organizations: Food and Drug Administration, FactSet, Novo Nordisk, FDA, GE Healthcare, CNBC, Company, Getty Locations: GLP, Indianapolis , Indiana

☆ Oil prices little changed as OPEC sticks to demand and steady economic growth forecasts
▼ + stars: | 2024-06-11 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Crude oil futures were little changed Tuesday as OPEC stuck to its demand forecasts, counting on steady economic growth this year. Oil prices rallied more than 2% Monday and have now recovered most of the losses from last week. The market had sold-off to four month lows after OPEC+ decided to increase crude production in October. Here are today's energy prices:OPEC is projecting oil demand growth of 2.2 million barrels per day for 2024 and 1.8 million bpd in 2025, according to the group's monthly report. The oil producers see global economic growth of 2.8% this year and 2.9% in 2025.

Persons: John Evans, Evans Organizations: OPEC Locations: OPEC

☆ Microsoft is considering a big new software bundle as it works out how to charge for AI, sources say
▼ + stars: | 2024-06-11 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +7 min

☆ Oracle shares jump on Google and OpenAI deals despite earnings miss
▼ + stars: | 2024-06-11 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Larry Ellison, co-founder, chairman and chief technology officer of Oracle, speaks during the Oracle OpenWorld conference in San Francisco on Oct. 1, 2017. Oracle shares jumped as much as 9% in extended trading on Tuesday after the software maker announced cloud deals with Google and OpenAI, despite fourth-quarter results that fell short of Wall Street expectations. Organizations will be able to deploy workloads in Google and Oracle cloud data center regions without having to pay data-transfer charges, Oracle said. In an additional statement, Oracle said OpenAI has selected Oracle's cloud to provide additional computing capacity. During the quarter, Oracle said its database software would be available in five additional Azure data center regions, bringing the total to 15.

Persons: Larry Ellison, Oracle, OpenAI, Jim Lebenthal, Bill Baruch Organizations: Oracle, Google, Amazon Web Services, Microsoft Locations: San Francisco

☆ 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

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