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☆ 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

☆ 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

☆ 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

☆ Michael Burry of ‘The Big Short’ fame buys Amazon, Alphabet and a dozen other new stocks
▼ + stars: | 2024-02-14 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Michael Burry, best known for calling the subprime mortgage crisis, added several new stocks in the fourth quarter, including some leading tech names Amazon and Alphabet , according to a new regulatory filing. The 52-year-old's new Amazon and Alphabet positions were worth more than $4 million each at the end of 2023. The chip ETF fund was up nearly 22% in the fourth quarter. During the fourth quarter, Burry also added small positions in MGM Resorts , Advance Auto Parts , Warner Bros. The latest SEC filing from Scion Asset reflects Burry's holdings as of the end of December.

Persons: Michael Burry, Burry, Michael Lewis Organizations: Scion Asset Management, Healthcare, Oracle, Citigroup, CVS Health, Amazon, iShares Semiconductor, MGM Resorts, Advance, Parts, Warner Bros, Vital Energy, SEC, Scion Asset Locations: Mettler, Toledo, Bruker

☆ Senate passes $95 billion aid bill for Israel, Ukraine, and Taiwan, but getting it through the House is another matter
▼ + stars: | 2024-02-13 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +2 min

Read previewThe US Senate passed a $95 billion emergency defense aid bill for Israel, Ukraine, and Taiwan early Tuesday morning. Majority Leader Chuck Schumer wrote on X that Putin "will regret the day he questioned America's resolve." AdvertisementHowever, the bill will now need to go to the House of Representatives, where it is expected to face stiff opposition. House Speaker Mike Johnson preemptively rejected the bill on Monday evening, saying that it failed to address US-Mexico border security and was therefore a nonstarter. AdvertisementIt does not include any border security provisions after Schumer stripped the border security language from the bill last week, per Reuters.

Persons: —, Joe Biden's, Peter Welch of, Jeff Merkley, Bernie Sanders of, Sen, Chuck Schumer, Putin, America's, Mike Johnson preemptively, ”, Schumer, JD Vance, won’t, Hakeem Jeffries Organizations: Service, Senate, Democratic, Business, Representatives, Associated Press, Republican Locations: Israel, Ukraine, Taiwan, Peter Welch of Vermont, Oregon, Bernie Sanders of Vermont, Mexico, “, China, Gaza

☆ Under Armour shares jump after it raises profit expectations amid sliding sales
▼ + stars: | 2024-02-08 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +3 min

Under Armour said Thursday that its holiday-quarter sales slowed, but its earnings beat estimates as the athletic apparel retailer worked to rein in costs. Under Armour now anticipates full-year sales will decline slightly more than it previously expected. During the quarter, Under Armour's wholesale revenue, which accounts for about 60% of sales, dropped 13% to $712 million. Like its peers, Under Armour has been working to expand its sales directly to consumers through its stores and website. During the quarter, Under Armour saw those direct sales rise 4% to $741 million, driven by a 5% uptick in store revenue and a 2% jump in digital sales.

Persons: Armour, Stephanie Linnartz Organizations: LSEG, Partners, Sporting Goods, Kohl's, JD Sports Locations: Houston , Texas, North America

☆ Maryland Senate candidate Angela Alsobrooks wants to boost 'first chances' so the economy can thrive. She'd also like to see the filibuster gone.
▼ + stars: | 2024-02-07 | by ( John L. Dorman | ) www.businessinsider.com time to read: +6 min

For Angela Alsobrooks, the county executive of Prince George's County and a leading Senate candidate, focusing on economic matters is key. AdvertisementAlsobrooks, who previously served as the Prince George's County state's attorney and was first elected as county executive in 2018, is running to succeed retiring Democratic Sen. Ben Cardin, an institution in Maryland politics. The county executive, who has been endorsed by Gov. AdvertisementCounty Executive Angela Alsobrooks: It is my strongly held belief that people deserve first chances in our country. AdvertisementAs county executive, I opened the first of its kind mental health and addiction care facility in the county.

Persons: Angela Alsobrooks, Alsobrooks, Prince, Democratic Sen, Ben Cardin, David Trone, Maryland's, Wes Moore, John L, Dorman, I've, haven't, Tom Williams, —, Tommy, Tuberville Organizations: Service, Senate, Democratic, Prince, Business, Gov, Inc, Getty Locations: Prince George's, Prince George's County, Maryland

☆ GOP congressman blames the 'craze-os' and media for Trump being removed from ballots in connection with the January 6 riots
▼ + stars: | 2024-02-06 | by ( Madison Hall | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewA House Republican blamed the media for former President Donald Trump being removed from ballots as members of the GOP plan to file a resolution absolving him of the crimes he's been charged with in connection to January 6. Speaking fifth in a long series of frustrated Republicans, Rep. Andy Biggs directly accused the news media of leading Colorado and Maine to remove Trump from their presidential ballots. Advertisement"It was not an insurrection, but the craze-o's on the left supported by their accomplices in the media continue to try to harass and have President Trump removed from ballots using this false narrative," he said. She also told reporters, "You're hurting your own careers and you're hurting your industry" by labeling the former president an "insurrectionist."

Persons: —, Donald Trump, Matt Gaetz, Gaetz, Sen, JD Vance, Andy Biggs, Trump, Lauren Boebert, Marjorie Taylor Greene, Jack Smith Organizations: Service, Republican, GOP, Rep, Business, Trump, Veritas, New York Times, firebrand, House Locations: United States, Colorado, Maine

BANGKOK (AP) — Shares were mixed Tuesday in Asia, where Chinese stocks surged after a government investment fund said it would step up stock purchases and a report said leader Xi Jinping was set to meet with officials to discuss the markets. The fund periodically steps up buying of shares in big state-owned banks and other companies to counter heavy selling pressure in the Chinese markets. On Monday, benchmarks in Shanghai and the smaller market in Shenzhen bounced between small gains and big losses, while share prices of state-run banks and other big companies rose. The Fed has yanked the federal funds rate to its highest level since 2001 to bring down high inflation. But there's also an upside for stocks from the U.S. economy's blasting through worries about a possible recession.

Persons: Xi Jinping, Xi, Hong, Seng, Australia's, India's, Jerome Powell, there's Organizations: Bloomberg, CSI, Central Huijin Investment, Nikkei, Dow Jones, Nasdaq, Federal Reserve, Institute for Supply, New York Mercantile Exchange, Brent Locations: BANGKOK, Asia, Shanghai, Shenzhen, South Korea, Bangkok

☆ McConnell staked his legacy on a border-Ukraine deal. He may be too out of step with the GOP to save it.
▼ + stars: | 2024-02-05 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +7 min

He also joined with other top House Republicans Monday afternoon to implore Senate Republicans to kill it. McConnell is already facing one key defection: Sen. Steve Daines, who leads the Senate GOP's campaign arm, is lined up against the bipartisan deal. "This bill unites Senate Democrats and sharply divides Senate Republicans," Lee said in another post. Since then, a group of Senate Republicans has continued to be vocal about the difficulties of having a GOP leader who has an at best icy relationship with Trump. As of this writing, there's a chance a majority of Senate Republicans will stand against their leader.

Persons: —, Mitch McConnell, He's, Donald Trump's, McConnell, Mike Johnson, Trump, Sen, Steve Daines, doesn't, Jeff Flake, Bob Corker, Ben Sasse, Rob Portman, Roy Blunt, Joe Biden, Mitt Romney, Sens, JD Vance, Ohio, Josh Hawley, Kari Lake, Mike Lee of, Lee, McConnell's, Chuck Schumer, Eric Schmitt of Missouri, Jon Snow, Hawley, Alejandro Mayorkas, Biden, Rick Scott of, There's, Joe Biden's, there's Organizations: Service, Republican, Business, Democratic, Republicans, implore, Republican Party, Senate, Punchbowl News, Trump, GOP, Capitol Hill, Homeland Security, Senate Republicans, Capitol Locations: Ukraine, America, Asia, Sens, Utah, Missouri, Trump, Mike Lee of Utah, Washington, Rick Scott of Florida

☆ While Chinese stocks search for a bottom, analysts say these shares are poised to bounce
▼ + stars: | 2024-02-04 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Chinese stocks have given up much of their recent gains as investors debate whether the bottom is really in. They screened for names with more than $1 billion in capitalization and expectations for earnings growth in the next two years. Such signals come at a time when Chinese stocks have sold off sharply. Chinese stocks – whether measured by those that trade in the mainland, Hong Kong or U.S. – have fallen for more than two years. "In the past Chinese companies grew rapidly, many companies' results grew exponentially," he said in Mandarin, translated by CNBC.

Persons: Evercore, Rachel Wang, Clocktower, Ye Yuhua, — CNBC's Michael Bloom Organizations: People's Bank of China, Seng Index, Shanghai, Morningstar, CNBC, Baidu, Li Auto Locations: U.S, Beijing, Hong Kong, China, Shanghai, Guangzhou

☆ Inside the right-wing subculture of Zyn-obsessed nicotine fiends
▼ + stars: | 2024-01-30 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +9 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. After Senate Majority Leader Chuck Schumer called for a federal probe into "Zyn" nicotine pouches last week, the GOP backlash was swift. "Unfortunately Chuck Schumer is more focused on Zyn Pouches than he is about Fentanyl pouring over our border," wrote Rep. Tim Burchett of Tennessee. A 'pro-society' drugA variety of factors drive the proliferation of nicotine among the younger right-wing crowd. Containers of "Zyn" nicotine pouches.

Persons: Tucker Carlson, —, Chuck Schumer, Marjorie Taylor Greene, Schumer, Sen, Thom Tillis, Tim Burchett, Peter Thiel, JD Vance, Ohio, Vance, It's, Michael M, Carlson, Tucker Carlson's, that's, Saagar Enjeti, Greg Price, Andrew Huberman, Peter Attia, they're, There's, Enjeti, Tillis, Gregory Conley, Conley Organizations: Service, GOP, Rep, Fox News, Atlantic, Senate, Republican, State Freedom Caucus Network, Stanford University, Republicans, American Vapor Manufacturers Association, Capitol, Democrats Locations: North Carolina, Tennessee, mainstreaming Zyn, Swedish

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