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The strategist highlighted the industrial and energy sectors, which he said should benefit from reports of a robust American economy. The stock is also already outperforming the S & P 500 this year, up nearly 29% year to date. As a group, industrials have gained 10.3% this year, or a little less than 1% above the S & P 500. After a rocky 2023, energy has established itself as one of the S & P 500's top outperformers in 2024. Among energy stocks, Tentarelli favors refiners.
Persons: Larry Tentarelli, Tentarelli, industrials, refiners, Phillips Organizations: Blue, General Electric, GE Healthcare, Valero, Banking, JPMorgan
General Electric was an icon of American innovation and manufacturing for most of its history. The company reached its peak in 2000, but had a rocky journey entering the 21st century. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementOver the course of the 20th century, General Electric grew into a powerhouse — literally — of American industry. This story is available exclusively to Business Insider subscribers.
Persons: , Thomas Edison Organizations: GE, Service, Electric, Business
Read previewA former employee of Kanye West's has accused the rap mogul of threatening the staff and students of his private Christian school, Donda Academy, according to a new lawsuit filed Tuesday. Representatives for Donda Academy, Yeezy, and a lawyer for West did not immediately respond to a request for comment from Business Insider. AdvertisementPhillips was hired shortly after West's business empire began to collapse following his repeated antisemitic comments on social media, in which he claimed he would go "death con 3" on Jewish people. But, despite his public apologies for the remarks, Phillips said West's antisemitic comments and praise of Hitler continued at work, sometimes within earshot of students. "Fearing for their jobs and also to de-escalate Kanye's absurdities (so that the two present school children did not hear), the school staff did their best to ignore him."
Persons: , Kanye West's, It's, Donda, Trevor Phillips, Ye, West, Hitler, Phillips, Kanye, Pablo, West's, Bill Gates, Carney, Shegerian Organizations: Service, Donda Academy, Business, Yeezy, West, Associates Locations: Paris, California . West
The company was founded by Thomas Edison in 1892 and built into the world’s largest and most valuable company by the once legendary, but now oft-criticized CEO Jack Welch. General Electric home appliances are displayed for sale at an appliance store in San Jose, California, in 2019. But the despite the name, the company had already sold off its appliance business three years earlier. Its shares nearly doubled, rising 95%, in 2023, and were up another 37% this yearGE Aerospace will retain the longtime GE stock symbol, and Culp as its CEO. Some have suggested he could be the successor for Dave Calhoun, the retiring CEO of another troubled iconic US company, Boeing.
Persons: Thomas Edison, Jack Welch, Larry Culp, David Paul Morris, divestitures, Culp, Jason Redmond, Dave Calhoun Organizations: New, New York CNN, GE, Dow Jones, Walgreens Boots Alliance, General Electric, Bloomberg, Getty, NBC, Comcast, GE Capital, AAA, GE Healthcare, GE Aerospace, GE Vernova, Boeing, CNBC Locations: New York, San Jose , California, China, Everett , Washington, AFP
Woody Allen included one that rose from Fifth Avenue in the opening montage of “Manhattan.” In one of the final episodes of HBO’s “Succession,” Kieran Culkin’s character leaves his father’s funeral and walks past one in the middle of East 55th Street. “Movie producers ask if they can rent them or buy them from us,” said Frank Cuomo, Con Edison’s general manager of steam services. He said one producer had contemplated using dry ice to simulate steam for a shot. But, he cautioned, if you ever see one onscreen in a scene set in Brooklyn or the Bronx, it has to be a fake.
Persons: Woody Allen, HBO’s, ” Kieran Culkin’s, , Frank Cuomo, Con Edison’s Organizations: , Locations: Manhattan, Brooklyn
Ye, the rapper formerly known as Kanye West, was sued Tuesday by a former employee who accused him of discrimination and creating a hostile work environment by calling Adolf Hitler “great,” disparaging Jews and saying that “gay people are not true Christians.”The lawsuit was filed in Los Angeles Superior Court by Trevor Phillips, who says he was hired in November 2022, around the time a series of antisemitic remarks publicly made by Ye lost the artist his major-label record deal and put his businesses in jeopardy. Phillips was initially hired to oversee “projects related to growing cotton” and other plants in an effort to make Yeezy, Ye’s fashion brand, “self-sustainable,” the lawsuit said, and then went on to work for Donda Academy, Ye’s private school in Southern California. Phillips’s lawsuit claims that Ye made antisemitic comments in front of staff members at Donda Academy, including, “the Jews are out to get me” and “the Jews are stealing all my money.” After Adidas ended its decade-long partnership with Ye over his public remarks, the lawsuit claimed, the rapper told Phillips: “The Jews are working with Adidas to freeze up my money to try and make me broke!”
Persons: Ye, Adolf Hitler “, , Trevor Phillips, Phillips, Organizations: Los Angeles Superior, Donda Academy, , Adidas Locations: Los Angeles, Southern California
Phillips is a practicing psychoanalyst — someone who helps people understand themselves and make better choices in life, according to the American Psychological Association. Lots of people have talked to Phillips about giving things up. “We tend to value, and even idealize, the idea of seeing things through, of finishing things rather than abandoning them,” says Phillips in the book. We’re brought up to believe that persistence and determination are good things. Well, of course they are good things.
Persons: Adam Phillips, Phillips, , , you’ve, haven’t, they’ve, We’re, we’re, You’ve Organizations: CNN, American Psychological Association, Adam Phillips . Macmillan Publishers
Healthtech startup Pelago just grabbed a fresh round of funding to power its own push. The Series C was an upround for Pelago, said Dr. Yusuf Sherwani, cofounder and CEO. Sherwani said the Series C round may be Pelago's last capital raise before it hopes to IPO. With the Series C funding, Pelago plans to launch a program in the second quarter of the year to refer members who don't complete substance use disorder treatment to inpatient facilities. Check out the 16-slide pitch deck Pelago used to raise a $58 million Series C.
Persons: , Atomico, Yusuf Sherwani, Sherwani, Pelago, Phillips, we've Organizations: Service, Octopus Ventures, Business, Mental Health Services Administration, Healthcare, Centers for Disease Control, MetLife, GE Appliances, Pelago Locations: Pelago
Why the Solar Eclipse Will Not Leave People Without Power
  + stars: | 2024-03-27 | by ( Ivan Penn | ) www.nytimes.com   time to read: +1 min
When the sky darkens during next month’s solar eclipse, electricity production in some parts of the country will drop so sharply that it could theoretically leave tens of millions of homes in the dark. Electric utilities say they expect to see significant decreases in solar power production during the eclipse but have already lined up alternate sources of electricity, including large battery installations and natural gas power plants. Homeowners who rely on rooftop solar panels should also experience no loss of electricity because home batteries or the electric grid will kick in automatically as needed. At 12:10 p.m. on April 8, the solar eclipse will begin over southwestern Texas, the regional electrical system perhaps most affected by the event, and last three hours. “I don’t think anything is as predictable as an eclipse,” said Pedro Pizarro, president and chief of executive of Edison International, a California power company, and the chairman of the Edison Electric Institute, a utility trade organization.
Persons: , Pedro Pizarro Organizations: Edison International, Edison Electric Institute Locations: Texas, California
A special cover is used on a farm's waste collection areas (known as slurry lagoons) to catch methane emissions that would otherwise escape into the air. CNH IndustrialThe potential of the methane tractor extends far beyond the farm. Industry leaders pulled together to work on the projectThe success of the methane tractor project is testament to the power of collaboration. Beyond the agricultural sector, the methane tractor project holds promise for transforming the entire automotive sector. By demonstrating the viability of alternative fuel technologies in heavy-duty vehicles, this initiative paves the way for a more sustainable future in transportation.
Persons: Andrew Damant, CNH, Derek Neilson, Eminox, David Phillips, Neilson Organizations: UK's Department for Business and Trade, Advanced Propulsion Centre, Eminox, Mobile, Automotive Transformation Fund, Advanced, Industry, Insider Studios, UK Department for Business, Trade Locations: Cornwall, Europe, CNH, New Holland
Peter Phillips gave an update on King Charles' cancer during an interview with Sky News Australia. Phillips said his uncle was "frustrated" that his cancer and treatment were preventing him from working. Buckingham Palace announced the king was undergoing treatment for cancer in February. AdvertisementKing Charles is impatient to get back to work amid his cancer treatment, a royal family member has said. This story is available exclusively to Business Insider subscribers.
Persons: Peter Phillips, King Charles ', Phillips, , Charles, Princess Anne, Mark Phillips, Queen Elizabeth II, Prince Philip's Organizations: Sky News Australia, Buckingham Palace, Service, Sky News, Handa, Business Locations: Buckingham
Select dividend stocks could help boost investors' portfolio returns as the U.S. economy continues to improve, according to Bank of America. Investors should seek out companies with above-market dividend yields that are secure, not stretched, Subramanian advised. Among the energy names on the list is Chevron , which has a 4.2% dividend yield. The stock has an average rating of overweight and 14% upside to the average analyst price target, according to FactSet. Meanwhile, with Fifth Third Bancorp , investors can enjoy a 3.8% dividend yield.
Persons: Savita Subramanian, Subramanian, Russell, Michael Wirth, CNBC's Organizations: Bank of America, Investors, Chevron, American Electric Power, Consolidated Edison, Utilities, Fifth Third Bancorp, Bancorp, Essex, Hotels, Resorts Locations: U.S
He was tied at 6-under 136 with Kevin Streelman (72), tour rookie Chandler Phillips (68), Brendon Todd (69) and Mackenzie Hughes (68). “There's a reason that so many players rave about this course,” Cink said. Only six shots separated the players sharing the lead to the players making the cut on the number. For Spieth, it was the first time since 2017 that he missed the cut at regular PGA Tour events in consecutive weeks (Players Championship, Byron Nelson). “I get another chance to learn some really great lessons and maybe some hard lessons this week again.”___
Persons: — Stewart Cink, There's, Kevin Streelman, Chandler Phillips, Brendon Todd, Mackenzie Hughes, , ” Cink, Streelman, Phillips, Justin Thomas, Lucas Glover, ” Thomas, , , — Jordan Spieth, Sam Burns, Brian Harman, Tony Finau, Keegan Bradley, Byron Nelson, Todd, ” Todd, I’m Organizations: PGA, Augusta National, Locations: PALM HARBOR, Fla, Innisbrook, British, Arizona, Cologuard, Tucson
Einride plans to open many EV charging stations for freight trucking on the West and East coasts, though California is the only state in which there are any EV freight charging stations of scale today. Voltera, which develops, owns and operates EV infrastructure, said the site was permitted, built, electrified and operational in under 18 months. "In the world of charging infrastructure, that's pretty remarkable," its CEO Matt Horton said in a statement. One of the first EV charging stations of scale for freight trucks is opening near the major ports of Los Angeles and Long Beach, California, as the trucking market takes some limited, but significant steps to build the infrastructure required for a long-term transition to EV trucking and net-zero shipping. Additional EV charging projects at ports in New York and New Jersey, as well as the Pacific Northwest, are planned.
Persons: NFI, Matt Horton, Robert Falck, Einride, Moller, Erik Neandross, , Neandross Organizations: EV, West, Volvo, Southern California Edison, Maersk, CNBC, Pepsi, Walmart, U.S, California Air Resources Board, Department of Energy, Environmental Protection Agency, EPA Locations: East, California, Lynwood, America, Southern California, Ontario , California, U.S, Sweden, Einride, Los Angeles, Long Beach , California, Government, New York, New Jersey, Pacific Northwest, Shanghai, Chicago
It was a bluebird morning at the Alta Ski Area and Carol Bowling, 76, was looking for fresh powder. Her husband, Nick, 83, and his cousin Bob Phillips, 84, shouted over the whir of the chairlift, deciding where to go. “Something like this is skiable,” Mr. Phillips said of the black diamond run below the lift. Bowling found her powder, cutting left from the trail into the pine and spruce trees. When they reached the bottom, it was almost 11 a.m. — time to meet up with Alta’s seniors ski club, the Wild old Bunch.
Persons: Carol Bowling, Nick, Bob Phillips, Mr, Phillips, Bowling Organizations: Alta Ski Locations: Alta, Alta Ski Area, Utah
Read previewAchyuta Rajaram won this year's Regeneron Science Talent Search $250,000 top prize for his work on making machine learning more efficient and safer. Beating out 2,000 competitorsParticipation in Regeneron Science Talent Search has grown and shrunk over the years, reaching its peak in the late 1960s during the Apollo missions. Achyuta Rajaram said he was shocked to take home the top prize at the Regeneron Science Talent Search. AdvertisementRajaram plans to continue studying computer science at MIT in the fall. His advice to anyone who wants to apply for the Regeneron Science Talent Search is to "be really, really curious about everything."
Persons: , Achyuta Rajaram, Rajaram, Maya Ajmera, Ajmera, Chris Ayers, McArthur Organizations: Service, Society for Science, Business, Phillips Exeter Academy, Apollo, McArthur Fellows, MIT, Regeneron
The S & P 500 and 30-stock Dow also were lower Friday, but have held up better than the Nasdaq for the week. Sector spotlight: There's a whole lot of red among S & P 500 sectors Friday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Stocks, Dow, Jensen Huang, Jim, I've, Jensen, Jim Cramer's, Brendan McDermid Organizations: CNBC, Nasdaq, Microsoft, Apple, Adobe, Energy, Valero Energy, Bank of America, Marathon Petroleum, Phillips, Coterra Energy, VanEck Semiconductor, Nvidia, Broadcom, tailwinds, Club, Jim Cramer's Charitable, Traders, New York Stock Exchange Locations: U.S, New York City
Their November collision began to look even more likely after Mr. Trump scored a decisive win in Iowa in January. Already, Mr. Trump and Mr. Biden had shifted their focus away from the primaries. But Mr. Biden has already been using the political and financial apparatus of the Democratic National Committee. Mr. Biden is viewed unfavorably by a majority of Americans — a precarious position for a president seeking re-election — although so is Mr. Trump. Mr. Biden and his allied groups also have a significant financial advantage over Mr. Trump, whose legal bills are taking a toll.
Persons: Biden, Donald J, Trump, Mr, Nikki Haley, Biden’s, , Joe Biden, , Haley, Trump’s, California’s, Robert F, Kennedy Jr, Dean Phillips, Marianne Williamson, Juan M Organizations: Tuesday, Associated Press, Democratic, Republican, Mr, Washington State, Democratic National Committee, Republican National Committee, D.C, Dean Phillips of Minnesota, Manhattan Locations: Iowa, Georgia, Georgia , Mississippi, Hawaii, Vermont, Washington, Gaza, New York
CNN —More than 1,200 days after their historic 2020 general election clash, Joe Biden and Donald Trump are expected to clinch their respective parties’ 2024 nominations Tuesday, with voting taking place in four additional states. Biden is the projected winner of the Democratic primary in the US territory of the Northern Mariana Islands, held earlier Tuesday. Unlike Trump, the president never faced a serious, well-funded primary challenge, with Minnesota Rep. Dean Phillips, his lone rival in elected office, dropping out and endorsing Biden last week. Biden won the state by less than 12,000 votes in 2020 – the first Democratic presidential candidate to win Georgia since Bill Clinton in 1992. “But we all know Donald Trump sees a different America, an American story of resentment, revenge and retribution.
Persons: Joe Biden, Donald Trump, Biden, , Trump, specter, Dean Phillips, Marianne Williamson, Jason Palmer, Robert Hur’s, Hur, Mike Pence, Nikki Haley, Haley, , Bill Clinton, ” Biden, That’s, that’s, ” Trump, Bernie Moreno, Democratic Sen, Sherrod Brown Organizations: CNN, Hawaii Republicans, Democrats, Democratic Party, Democratic, Biden, Trump, Capitol, Minnesota Rep, Israel, GOP, South Carolina Gov, Republican, Georgia, Peach State, Union Locations: Georgia , Mississippi, Washington, Hawaii, Northern Mariana Islands, Samoa, Gaza, Georgia, Fulton County, Atlanta, Peach, America, Rome , Georgia, Pennsylvania, New Hampshire, Dayton , Ohio, The Ohio
That pushed Biden's count past 1,968 for a majority of delegates to the Democratic National Convention in Chicago this August, where his nomination will be made official. Former President Donald Trump is expected to clinch the Republican nomination shortly. Biden, who mounted his first bid for president 37 years ago, did not face any serious Democratic challengers to his run for reelection at age 81. Already the oldest-ever American president, Biden would be 86 if he served out the entirety of a second term. “I sure feel confident.”Biden first ran for the Democratic nomination ahead of the 1988 presidential election, but flamed out when it emerged he had plagiarized speeches.
Persons: Joe Biden, Biden, Donald Trump, , Trump, Vladimir Putin, Roe, Wade, Putin, Volodymyr Zelenskyy, Robert Hur, I’ve, he’s, Dean Phillips, Phillips, Said, Aishah Al, Louis, “ It’s, , Barack Obama, uncommitted, Delaware Sen, Ted Kaufman, , ” Biden, Kaufman Organizations: WASHINGTON, Democratic, Democratic National Convention, Republican, Associated Press, NORC, for Public Affairs Research, NATO, GOP, Trump, Biden, Republicans, Dean Phillips of Locations: Georgia, Chicago, U.S, Ukraine, Russia, Kyiv, Western Europe, Afghanistan, Kabul, Dean Phillips of Minnesota, St, Louis Park , Minnesota, Delaware, Iowa, South Carolina
Their November collision began to look even more likely after Mr. Trump scored a decisive win in Iowa in January. Already, Mr. Trump and Mr. Biden had shifted their focus away from the primaries. But Mr. Biden has already been using the political and financial apparatus of the Democratic National Committee. Mr. Biden is viewed unfavorably by a majority of Americans — a precarious position for a president seeking re-election — although so is Mr. Trump. Mr. Biden and his allied groups also have a significant financial advantage over Mr. Trump, whose legal bills are taking a toll.
Persons: Biden, Donald J, Trump, Mr, Nikki Haley, Biden’s, , Joe Biden, , Haley, Trump’s, California’s, Robert F, Kennedy Jr, Dean Phillips, Marianne Williamson, Juan M Organizations: Tuesday, Associated Press, Democratic, Republican, Mr, Washington State, Democratic National Committee, Republican National Committee, D.C, Dean Phillips of Minnesota, Manhattan Locations: Iowa, Georgia, Georgia , Mississippi, Hawaii, Vermont, Washington, Gaza, New York
Welcome to the first full week of the general election. At this point, the days remaining before President Biden and former President Donald J. Trump mathematically secure their nominations are a formality. Fresh off a State of the Union address on Thursday that buoyed many Democrats’ spirits regarding his campaign, Mr. Biden is barnstorming several of the states that will decide the election in November, looking to make his case to voters. Mr. Trump also held a rally on Saturday in Georgia, where he vilified migrants, repeated his lie that the 2020 election was stolen, called journalists “criminals” and mocked Mr. Biden’s stutter. On the Democratic side, Georgia, Mississippi, Washington and the Northern Mariana Islands will vote — and Democrats abroad will finish their weeklong process — but Mr. Biden can’t formally lock up his nomination until next week.
Persons: Nikki Haley, Dean Phillips, Biden, Donald J, Trump, , Mr, , Biden can’t, Katie Britt, Alabama, Kari Lake Organizations: Republican, Democratic, Trump, Pennsylvania, Georgia, Washington, Mr, Republican National Convention, Republicans, Union, “ Fox, Senate Locations: New Hampshire, Wisconsin, Michigan, Georgia, Hawaii , Mississippi, Georgia , Mississippi, Washington, Northern Mariana, Guam, . Mississippi, Mexico, United States, Arizona
What to Know About the March 12 Primaries
  + stars: | 2024-03-11 | by ( Elliott Davis Jr. | March | At P.M. | ) www.usnews.com   time to read: +9 min
Here’s everything you need to know about the one caucus and five primaries on deck. The state has the largest delegates prize among Tuesday’s contests, with 108 pledged Democratic delegates at stake and 59 for Republicans. 21 in the most recent U.S. News Best States rankings, which assesses the performance of states for their residents. On the Democratic side, there are 35 pledged Democratic delegates up for grabs. ET and there are six Democratic delegates at stake, according to the AP.
Persons: It’s, Joe Biden, Donald Trump, , Biden, Marianne Williamson, , ” Trump, Nikki Haley, Williamson, Dean Phillips, Minnesota, David Stuckenberg, GOP Caucus Trump, Haley, Trump, Ron DeSantis, Vivek Ramaswamy, Phillips, DeSantis, Ramaswamy, Chris Christie, Jason Palmer Organizations: GOP, Trump, Aloha State’s Democratic, U.S, United, Democratic, Republican, Associated Press, Republicans, Minnesota –, U.S . Census, Best, Georgia, News, GOP Caucus, GOP Caucus Trump –, AP, Hawaiian Republican Party, Republican National Convention, Aloha State, Florida Gov, Magnolia State, Washington, New, New Jersey Gov, Evergreen State, U.S . News, Northern, Democrats, Super Locations: Georgia, Hawaii , Mississippi, Washington, Northern Mariana, Hawaii, Stake, Trump , Florida, U.S, Mississippi, Florida, New Jersey, America, Northern Mariana Islands, United States, Marianas, Baltimore, American Samoa
We'll also guide you step-by-step on how to use a VPN to watch UFC 299, no matter where you are. ET / 3 a.m. GMT (Sun) / 11 a.m. AWST (Sun)How to watch UFC 299 in the USUS viewers can watch the main event of UFC 299 on ESPN Plus tonight at 10 p.m. UFC PPV + Annual ESPN+ Membership (Bundle) ESPN+ is the home of UFC PPV events, meaning that fans need to purchase a subscription in addition to buying the one-off cards. Where to watch UFC 299 everywhere elseIf you're not in the US, you still have a few options to watch UFC 299. In Canada, UFC 299 will be available as a pay-per-view through most TV providers and directly via UFC Fight Pass.
Persons: Sean O'Malley's, Marlon Vera, There's, Dustin Poirier, Benoit Saint, Denis, We'll, ExpressVPN, O'Malley, Vera Main, Sean O'Malley, Kevin Holland, Michael Page, Gilbert Burns, Jack Della Maddalena, Petr Yan, Curtis Blaydes, Jailton Almeida, Katlyn, Maycee Barber, Mateusz, Rafael dos Anjos, Pedro Munhoz, Kyler Phillips, Philipe, Michel Pereira, Michal Oleksiejczuk, Robelis, Josh Parisian, CJ Vergara, Assu Almabayev, Joanne Wood, Maryna Moroz Organizations: Business, Kaseya, UFC, ESPN Plus, ESPN, TNT Sports, Amazon, Apple, PlayStation, Samsung, BT, BT Sport, League, LG Locations: Canada, Australia, New Zealand, Germany, Italy, Spain, Poland, Switzerland, Asia, Africa, Brazil
The chain's sales are "way stronger" in Texas, Arizona and Florida than in midwestern states such as Indiana and Wisconsin, according to Osanloo. For more mature companies such as McDonald's , it means accelerating new restaurant growth in areas where it's now underrepresented. It isn't just restaurants looking to the Sun Belt for sales growth. In addition to well-known chains, Greider has also seen restaurants with chef-driven name recognition traveling south from New York and Chicago. The chain's sales are growing again, according to Brix Holdings CEO Sherif Mityas, making it an opportune time to expand Friendly's footprint.
Persons: Portillo's, Michael Osanloo, you've, Justin Greider, Macy's, Phillips, Manu Steijaert, Greider, they've, that's, Carbone, Friendly's, Sherif Mityas, Mityas, we're, Christine Barone Organizations: Beef, CNBC, Northeast, Sun, Airlines, Dallas, Phillips Edison & Company, JPMorgan, Grill, Major Food Group, Brix Holdings, Brix, Bros Locations: Kissimmee , Florida, Chicago, Texas, Texas , Arizona, Florida, Indiana, Wisconsin, U.S, Midwest, Charlotte, Phoenix, Houston, Dallas, Fort Worth, Atlanta, Florida , Texas , Arizona, Georgia, North Carolina, New York, Miami, Massachusetts, Mississippi, Minneapolis, Southern California, California, Virginia
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