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☆ ByteDance, TikTok shelled out $7 million on lobbying and ads to combat potential U.S. ban
▼ + stars: | 2024-04-23 | by ( Brian Schwartz | ) www.cnbc.com time to read: +2 min

TikTok spent over $4.5 million this year on a television and digital ad campaign pushing back on legislation that could ban the app, according to data from AdImpact. The Senate first passed a procedural vote on a foreign aid package that contains the new TikTok legislation. It marks the most Urban's firm, LGL Advisors, has been paid by ByteDance in a given quarter, according to federal lobbying data. The most ByteDance previously spent on lobbying in the first quarter was in 2023 for over $1.8 million, according to data from OpenSecrets. ByteDance and TikTok spent over $8 million on lobbying in 2023.

Persons: ByteDance, TikTok, Joe, doesn't, David Urban Organizations: National Security Council, Management, Budget, U.S . Trade, U.S, Senate, LGL Advisors, ByteDance Locations: China, United States, Washington, OpenSecrets

☆ Jim Cramer shares his thoughts on RTX, Pepsi, Nucor, Novartis and Cadence Design Systems
▼ + stars: | 2024-04-23 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +1 min

RTX : Shares were roughly flat after the aerospace and defense company delivered a quarterly earnings beat and reaffirmed its full-year 2024 outlook for sales, adjusted earnings and free cash flow. He goes out on an absolute high," Jim Cramer said, noting the strength in its Pratt & Whitney division. Nucor : The steelmaker's first-quarter earnings and sales came in lighter than expected, and its current-quarter outlook disappointed, as well. Cramer noted Nucor CEO Leon Topalian is set to appear on "Mad Money" later Tuesday, and he'll be seeking clarity around the impact pricing has had on the company. Cadence Design Systems : The semiconductor design software maker's second-quarter guidance came in light, saying customers are delaying orders due to hardware transition.

Persons: Jim Cramer's, Greg Hayes, Jim Cramer, Cramer, Leon Topalian, he'll, I've, Vas Organizations: CNBC, Club, Pratt & Whitney, PepsiCo, Novartis, Cadence Design Systems Locations: U.S, Swiss

Ms. Daniels, who may testify, says that she and Mr. Trump had a sexual encounter in 2006, a claim the former president denies. Mr. Trump has also denied the 34 felony charges, calling them orchestrated by Democrats; if convicted, the former president could face probation or up to four years in prison. Pool photo by Mark PetersonMr. Blanche also attacked Mr. Cohen, a former lawyer and fixer for Mr. Trump. He called the heart of the prosecution case just “34 pieces of paper” that don’t involve Mr. Trump. During his own side’s opening statement, Mr. Trump sat largely motionless and expressionless watching his lawyer Mr. Blanche.

Persons: Donald J, Trump, Stormy Daniels, Daniels, Trump’s, ” doesn’t, Matthew Colangelo, Mr, Todd Blanche, ”, It’s, Mark Peterson Mr, Blanche, Cohen, Letitia James, —, David Pecker, Prosecutors ’, ambled, ” Mr, Pecker, Marion Curtis, We’re, Juan M, Pecker —, Merchan Organizations: Trump, Mr, Trump Tower, New, Prosecutors, National Enquirer, Reuters Locations: Manhattan, Lower Manhattan

☆ Tesla cutting around 2,700 jobs in Austin as part of broad restructuring
▼ + stars: | 2024-04-23 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +2 min

Tesla is eliminating around 12% of its workforce at a factory in Austin, Texas, as part of a broader restructuring the company announced last week. In 2021, Tesla CEO Elon Musk moved the company's corporate headquarters to Austin from Palo Alto, California. Tesla officially opened its Texas EV and battery factory in April 2022, with a "cyber rodeo" party. Musk later called the Austin factory, and another assembly plant in Germany, "gigantic money furnaces," in an interview with Tesla Owners Silicon Valley, a fan club that promotes Tesla vehicles. Executives are expected to discuss the restructuring on the company's quarterly earnings call at 5:30 p.m.

Persons: Tesla, Elon Musk, Musk Organizations: Tesla, Texas EV, Austin, Texas Department Locations: Austin , Texas, Travis County, Austin, Palo Alto , California, New York, Buffalo, Texas, Germany

☆ FTC votes to ban noncompete clauses that bar employees from working for competitors
▼ + stars: | 2024-04-23 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

Federal Trade Commission Chair Lina Khan testifies before a House Judiciary Committee hearing on Oversight of the Federal Trade Commission, on Capitol Hill in Washington, D.C., July 13, 2023. The Federal Trade Commission on Tuesday voted 3-2 for a nationwide ban against noncompete agreements, which companies use to prevent employees from taking jobs with competitors in the same industry. The FTC estimates that 30 million American workers, or roughly 18%, are currently subject to a noncompete. The FTC initially proposed the noncompete ban in January 2023. Meanwhile, business trade groups claim that noncompetes help preserve intellectual property and company secrets.

Persons: Lina Khan, Joe Biden, Joe Biden's, Biden Organizations: Federal Trade, Federal Trade Commission, Capitol, Washington , D.C, Federal, U.S . Chamber of Commerce, Workers, FTC, Department, DOJ Locations: Washington ,, U.S

☆ Introducing ‘The Interview’
▼ + stars: | 2024-04-22 | by ( Lulu Garcia-Navarro | David Marchese | ) www.nytimes.com time to read: 1 min

“The Interview” is a new podcast from The New York Times, featuring in-depth conversations with fascinating people. Each week, David Marchese and Lulu Garcia-Navarro will chat with notable figures in the worlds of culture, politics, business, sports, wellness and beyond — illuminating who they are, why they do what they do and how they impact the rest of us. “The Interview” premieres on April 27, and new episodes will be released weekly on Saturdays. The conversations will also appear online and in print. Meet the Hosts

Persons: David Marchese, Lulu Garcia, Navarro Organizations: The New York Times

☆ Nelly Korda wins Chevron Championship for historic fifth straight LPGA Tour victory
▼ + stars: | 2024-04-22 | by ( Jack Bantock | ) edition.cnn.com time to read: +3 min

CNN —American golfer Nelly Korda clinched a remarkable fifth victory in a row on Sunday, sealing her second major title with a win at the Chevron Championship and in the process levelling the LPGA Tour record for consecutive wins. Having begun the year on eight LPGA Tour wins, Korda has surged to 13 in a matter of months. “It’s just been a crazy, crazy, crazy couple of weeks, with some really solid golf,” Korda, still damp from her leap into the lake beside the 18th hole, told reporters. A bogey at the following hole marked her first since the 7th of Friday’s second round, an unblemished 39-hole run. Andy Lyons/Getty ImagesKorda has already topped her most prolific season, a dominant 2021 that saw her tally four LPGA Tour wins.

Persons: Nelly Korda, Maja Stark, Carlton, Korda, Nancy Lopez, Annika Sörenstam, It’s, ” Korda, “, I’ve, ” Korda toasts, Andy Lyons, Saturday’s, Ryu Hae, Stark, Korda – “, ” Organizations: CNN, Chevron, Carlton Woods, Eagle, South, Getty Locations: American, Texas, Los Angeles, ”

☆ Why Apple is betting big on India
▼ + stars: | 2024-04-22 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +26 min

I think one estimate put, at one point, I think China was producing something like 90% of the world's iPhones. So when we talk about, you know, Apple manufacturing elsewhere, it's going take a long time to significantly ramp up iPhone production elsewhere. And you know, opening a physical Apple store often for Apple is a sign of a big deal. But you know, Apple looking at India going, wow, we've only got 7% of market share there, we could grow huge amounts. And of course, as we know, with Apple, the hardware is the, you know, one side of the equation, but also, you know, Apple makes billions of dollars off of its services business, which includes things like its App Store fees, it's Apple Pay, Apple TV, all of those other products and services.

Persons: Tim Cook, Apple, it's, It's, Tom Chitty, we've, Arjun Kharpal, Arjun, they're, let's, hasn't, We've, they've, Apple's, that's, we're, There's, Narendra Modi, Arjun Kharpal It's, Tom Chitty Huawei, Kharpal Huawei, Tim Cook's, I've, haven't, He's, They've, Arjun Kharpal There's, Tom Chitty Oppo, Tom Chitty Xiaomi, Tom Chitty Samsung, You've, They're, Transsion, Tom, Tom Chitty I'm, Kharpal, Tom Chitty We'll Organizations: Apple, Bloomberg, CNBC, U.S, Arjun Kharpal It's Samsung, Samsung, China, Apple Watch, Huawei, IDC Locations: India, Foxconn, China, beyondthevalley@cnbc.com, Covid, Zhengzhou, Vietnam, Asia, Thailand, Indonesia, Southeast Asia, Mumbai, New Delhi, Xiaomi, Europe, U.S, Arjun Kharpal Vietnam, Hanoi , Vietnam, Hanoi, Taiwan, Beijing, America, Africa, The

☆ Earnings playbook: Your guide to trading a huge week of reports, including Meta Platforms
▼ + stars: | 2024-04-21 | by ( Fred Imbert | ) www.cnbc.com time to read: +9 min

Tesla is set to report earnings after the bell. What history shows: Bespoke data shows Tesla beats earnings estimates 63% of the time. What history shows: Boeing shares have risen in four of the past five earnings days, Bespoke data shows. Meta Platforms is set to report earnings after the closing bell. What history shows: Microsoft earnings have beaten earnings estimates in six straight quarters, Bespoke data shows.

Persons: Michael Wayland, FactSet, Tesla, TSLA, Emmanuel Rosner, Dave Calhoun, Peter Saleh, Saleh, Chipotle, Morgan Stanley's, Ford, Jim Farley's, Ronald Josey, Jordan Novet Organizations: General Motors, CNBC, Tuesday, GM, Wall, Motors, Investment, Deutsche Bank, EV, Boeing, Ford, Management, Ford Motor, Detroit, Investors, Citi, Meta, Bloomberg News, Apple, Microsoft Locations: California

☆ The growing reason people can't afford to own a home
▼ + stars: | 2024-04-20 | by ( Allie Kelly | ) www.businessinsider.com time to read: +5 min

Rising insurance costs could keep homeownership out of reach for many. AdvertisementAdding to that, as the climate crisis escalates, it's likely homeowners insurance will only become more expensive. The climate crisis is causing homeowners' insurance costs to riseThe average American homeowner pays $1,915 a year in insurance costs — about $160 a month — per NerdWallet. For instance, insurance rates increase in states with more severe natural disasters. Have you chosen to rent or move because of homeownership costs?

Persons: Laura Longero, Zers Organizations: Service, Business, Federal Reserve, Insurance, Farm, Allstate, Casualty Insurance, US Bureau of Labor Statistics Locations: Oklahoma, California, California , Florida, Texas, Florida

☆ AI has racist tendencies. Scientists and founders are trying to fix it.
▼ + stars: | 2024-04-20 | by ( Monica Melton | ) www.businessinsider.com time to read: +11 min

The police had used a facial-recognition AI program that identified her as the suspect based on an old mugshot. AdvertisementThe Detroit Police Department said that it restricts the use of the facial-recognition AI program to violent crimes and that matches it makes are just investigation leads. AdvertisementThe study also found that in a hypothetical murder trial, the AI models were more likely to propose the death penalty for an AAE speaker. A novel proposalOne reason for these failings is that the people and companies building AI aren't representative of the world that AI models are supposed to encapsulate. Bardlavens leads a team that aims to ensure equity is considered and baked into Adobe AI tools.

Persons: —, Woodruff, who's, Ivan Land, Joy Buolamwini, Timnit Gebru, Valentin Hofmann, OpenAI's, AAE, Geoffrey Hinton, Christopher Lafayette, Udezue, OpenAI, Google's, John Pasmore, Latimer, Buolamwini, Timothy Bardlavens, Microsoft Bing, Microsoft Bardlavens, Bardlavens, Esther Dyson, Dyson, Arturo Villanueva, I'd, Villanueva, Alza, We're, Andrew Mahon, Alza's Organizations: Service, Detroit, Business, Court of Michigan, Detroit Police Department, Microsoft, IBM, Allen Institute, AI, Dartmouth College, Center for Education Statistics, Big Tech, Udezue, Meta, Google, Tech, Companies, Adobe Locations: That's, American, Africa, Southeast Asia, North America, Europe, Spanish

☆ 6 portfolio stock earnings and the Fed's favorite inflation gauge dominate the week ahead
▼ + stars: | 2024-04-20 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

The Nasdaq sank 2% on Friday as Netflix dropped nearly 11% post-earnings and Club stock Nvidia fell 10%, entering bear market territory but still up more than 50% in 2024. Following a much stronger-than-expected March retail sales report last month, fresh economic data and six Club stock earnings will take center stage in the week ahead. While lower rates may help stock multiples, that is not a sustainable path to higher equity prices over time. Earnings : The latest quarterly reporting season is starting to ramp into high gear with six Club names set to report next week. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Dow, Jerome Powell, Jim Cramer, Mark, Meta, Bing, Ford, Vimal, Lockheed Martin, Clark, Philip Morris, Sherwin, Williams, Baker Hughes, Lam, Northrop, Dr Pepper, CARR, Edwards Lifesciences, Jim Cramer's, Jim, Michael M Organizations: Nasdaq, Netflix, Nvidia, Dow Jones, Federal, Fed, Hamas, Gross, Google, Reality Labs, General Motors, Honeywell, Microsoft, Verizon Communications, Albertsons Companies, SAP, Cadence Design Systems, United Parcel Service, General Electric, GE, PepsiCo, Lockheed, Spotify Technology, RTX Corporation, JetBlue Airways, Halliburton, HAL, Philip Morris International, Quest Diagnostics, Texas Instruments, Seagate Technology, Mattel, Veralto Corporation, Boeing, General Dynamics, Boston, Hilton, Fisher, Otis Worldwide, IBM, Grill, Viking Therapeutics, Lam Research, Whirlpool, WM, Honeywell International, Royal Caribbean Cruises, American Airlines, Altria, Newmont, Caterpillar, Southwest Airlines, Myers Squibb, AstraZeneca, Mobileye, Northrop Grumman, CNBC, Comcast, Merck, Dow Inc, Carrier Global, Union Pacific, Intel, Western, Mobile, L3Harris Technologies, Exxon Mobil, Chevron, Colgate, Palmolive, HCA Healthcare, Charter Communications, Newell Brands, Jim Cramer's Charitable, Traders, New York Stock Exchange, Santiago, Getty Locations: Israel, Iran, Ukraine, destocking, China, Cleveland, Freeport, McMoRan, Kimberly, Masco, Bristol, New York City

☆ Here's why economists are so worried about soaring US debt levels
▼ + stars: | 2024-04-20 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +5 min

Those include higher inflation, greater market volatility, and a lower quality of life for Americans. AdvertisementThe US is sitting on the biggest pile of public debt in its history, and economists are getting nervous about it. AdvertisementIt's critical for the US to sell its debt to investors, which range from institutions, individuals, and other countries. It won't be on housing, it'll be on interest," Zagorsky said. There's little the government can do to stop those problems from brewing, other than to stop taking on so much new debt, Zagorsky and Rubin say.

Persons: —, Les Rubin, Rubin, Jay Zagorsky, Zagorsky, it'll, There's Organizations: Service, Bank of America, US Treasury, Boston University, Inflation, Social Security

“Thank you, America!” Zelensky wrote on his Telegram on Saturday, shortly after the House of Representatives passed the long-delayed Ukraine Security Supplemental Appropriations Act by a vote of 311-112. The bill was part of a wider $95 billion package providing foreign aid for Ukraine, Israel and the Indo-Pacific region. Meanwhile, the House passed the Israel Security Supplemental with a vote of 366-58. Lawmakers wave Ukrainian flags after the House passed the Ukraine Security Supplemental Appropriations Act. “For people who want to defeat the enemy, this news is a great morale booster.”He went on: “To win, we need ammunition … we really need artillery shells because we have an artillery hunger.

Persons: Volodymyr Zelensky, Benjamin Netanyahu, ” Zelensky, Zelensky, ”, Nabil Abu Rudeineh, Mahmoud Abbas, Joe Biden, “, Dmytro Kuleba, Vladimir Putin, ” Kuleba, Maria Zakharova, Dmytro Kurylovich, Bankir Organizations: CNN, Israel, Palestinian, Senate, Getty, Russian Foreign, 110th, National Guard, Artillery, “ Locations: Ukraine, Israel, Russia, Europe, United States, “, Taiwan, Kyiv, Zaporizhzhia, Avdiivka, Russian

☆ How BlackRock’s Rick Rieder would reimagine the 60/40 portfolio with today’s higher rates
▼ + stars: | 2024-04-19 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +3 min

The balanced portfolio – which typically allocates 60% of assets toward stocks and 40% to fixed income –could use a rethink in today's higher rate environment, according to BlackRock's Rick Rieder. "For 30 years, fixed income was a hedge," said Rieder, the asset manager's global chief investment officer of fixed income, in a phone call with CNBC. A 60/30/10 split Rather than a 60/40 split toward equities and fixed income, Rieder said he would consider a 60/30/10 allocation if he had to build a balanced portfolio. That is, he'd maintain a 60% allocation toward stocks, but keep 30% of the portfolio in "higher income, shorter duration" assets. In addition to AAA-rated CLOs, Rieder also likes European investment-grade credit as a U.S. dollar investor.

Persons: BlackRock's Rick Rieder, Jerome Powell, Rieder, Jared Woodard Organizations: CNBC, Federal Reserve, AAA, Bank of, CLOs Locations: Central

☆ Rainbow-like phenomenon may glow on hellish exoplanet WASP-76b
▼ + stars: | 2024-04-19 | by ( Ashley Strickland | ) edition.cnn.com time to read: +7 min

Observations from the European Space Agency’s Cheops space telescope, or Characterising ExOplanet Satellite, detected a “glory effect” on WASP-76b, an ultra-hot exoplanet 637 light-years from Earth. Cheops captured data from WASP-76b as the planet passed in front of its star, making 23 observations over three years. But the glory effect is created as light moves through a narrow opening and bends, creating colorful, patterned rings. An artist's illustration shows the night-side view of the exoplanet WASP-76b, where iron rains down from the sky. Lueftinger said she believes that the James Webb Space Telescope or Ariel may be able to help prove the presence of the glory effect on WASP-76b.

Persons: Cheops, ”, Olivier Demangeon, Wilson, ” Demangeon, Matthew Standing, —, “, Theresa Lueftinger, Lueftinger, James Webb, Ariel Organizations: CNN —, WASP, Astrophysics, of Astrophysics, Space Sciences, ESA, Hubble, Spitzer, Telescope, European Space Agency, “, James Webb Space Locations: Portugal, Cheops

☆ Fact check: Biden makes false and misleading claims during Pennsylvania campaign swing
▼ + stars: | 2024-04-19 | by ( Daniel Dale | ) edition.cnn.com time to read: +16 min

Washington CNN —President Joe Biden spent three days this week campaigning in the critical swing state of Pennsylvania. (The White House corrected the official transcript of Biden’s speech to make clear Biden should have said 2025 instead of 2024.) In other words, there will clearly still be some big and profitable corporations paying no federal income tax despite the existence of the new Biden tax. The center found that the top 0.1% of households paid an average effective federal tax rate of about 30.3% in 2020, including an average income tax rate of 24.3%. “The deficit is a trillion dollars lower, roughly, than when President Biden took office.

Persons: Joe Biden, Ambrose Finnegan, Biden, Jill Biden, PolitiFact, they’ll, it’s, “, Tami Luhby, —, ’ They’ve, Fuxian Yi, Yi, “ It’s, Derek Scissors, Trump, ” Biden, Biden’s “, Matthew Gardner, ” Howard Gleckman, Gleckman, Emmanuel Saez, Gabriel Zucman “, ”, I’ve, Donald Trump, ” Marc Goldwein, Goldwein, he’s, Afghanistan Biden, Biden’s, Finnegan, Finnegan “, Donald Judd, spokespeople, Andrew Bates Organizations: Washington CNN, Defense, Medicare, China, University of Wisconsin, Madison, American Enterprise Institute, CNN, Taxation, Economic, US, Biden, White, Urban, Brookings Tax, Urban Institute, University of California, Tax, Center, Trump, Federal Budget, Washington Post, Defense Department, Defense POW Locations: Pennsylvania, China, Iraq, Afghanistan, Scranton, Pittsburgh, America, Berkeley, “, New Guinea, ” New Guinea

☆ RFK Jr. will appear on Hawaii ballot, third state to include him
▼ + stars: | 2024-04-19 | by ( Aaron Pellish | ) edition.cnn.com time to read: +3 min

CNN —Independent presidential candidate Robert F. Kennedy Jr. will appear on Hawaii’s presidential ballot following a Friday ruling that blocked an effort by Hawaii Democrats to disqualify his campaign’s ballot access petition. Hawaii marks the third state where Kennedy has officially qualified for ballot access. He gained ballot access in Michigan, a key battleground state, earlier this week after qualifying for Utah’s ballot earlier this year. A spokesperson for the Hawaii Office of Elections confirmed to CNN that Friday’s ruling means Kennedy will appear on the state’s ballot. The Kennedy campaign and the Democratic Party of Hawaii did not immediately respond to a request for comment.

Persons: Robert F, Kennedy Jr, Kennedy, Aaron Schulaner, Democratic Party of Hawaii “, he’s, Democratic Party of Hawaii’s, Donald Trump, Kennedy’s, ” Kennedy, Stefanie Spear, Nicole Shanahan Organizations: CNN, Independent, Hawaii Democrats, Democratic Party of, People Party, Hawaii Office, Democratic Party of Hawaii, Democratic Party, Democratic National, Commission, Democrat, Biden Locations: Hawaii, Michigan, Democratic Party of Hawaii, North Carolina , New Hampshire , Nevada , Nebraska , Idaho, Iowa, Georgia , Arizona, South Carolina, Oakland , California

☆ How to start a charcoal grill and arrange your coals for cook-out success
▼ + stars: | 2024-04-19 | by ( Taylor Mead | ) www.businessinsider.com time to read: +13 min

Alphotographic/Getty ImagesCharcoal chimney starters are the preferred way to start a charcoal grill for most people. To start a charcoal grill using a chimney starter:1. This will take a bit longer than it would with a charcoal chimney but the charcoal should all ignite within about 15 minutes. AdvertisementHow to start a charcoal grill with lighter fluidAccording to the experts, this is the least recommended of the three charcoal grill starting methods. AdvertisementInsider's takeawayThough it may seem intimidating, lighting a charcoal grill is simple.

Persons: —, Matt Groark, Liam, Myles Snider, Mother, You'll, Snider, Groark, we've, Joe, Marianne Ayala Organizations: Service, Groark, Walmart

☆ A creator made 5 figures with a dating podcast and quit her job to focus on her side hustle full-time. She breaks down her income from brand deals, sponsored events, and more.
▼ + stars: | 2024-04-19 | by ( Shriya Bhattacharya | ) www.businessinsider.com time to read: +6 min

Most nights, you'll find Ariana Nathani in the middle of a crowded bar, surrounded by young people waiting to meet her. In 2019, she launched a dating podcast called "Drinks First," where she would interview anonymous singles about their dating preferences and history. She promotes the podcast and posts food and lifestyle content on her personal TikTok and Instagram accounts, too. She has an upcoming event with the dating app Bumble, which is paying her $5,000 to host an event at the restaurant Ketchy Shuby. Outside Drinks First, Nathani has built her own brand as a food and lifestyle creator.

Persons: you'll, Ariana Nathani, Zers, Nathani, I've, it's, Brands, She's, Johnson, she'd, It's Organizations: Business, Brands, Soho, Soho House, Nathani, Johnson Locations: New York City, TikTok, Soho, New York, Georgia

☆ Taylor Swift and Joe Alwyn broke up after 6 years of dating. Here's a complete timeline of their relationship.
▼ + stars: | 2024-04-19 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +1 min

Taylor Swift and Joe Alwyn quietly began dating in 2016. Despite being a couple for six years, Swift and Alwyn were famously mum about their relationship. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementTo the public's knowledge, Taylor Swift's longest relationship to date was with Joe Alwyn, a British actor best known for roles in "The Favourite" and "Conversations With Friends." Despite dating for more than six years, Swift and Alwyn were famously mum about their shared life and rarely spotted in public together.

Persons: Taylor Swift, Joe Alwyn, Swift, Alwyn, Alwyn cowrote, —, Taylor, Claudia Willen Organizations: Service, Poets Department Locations: British

☆ Netflix earnings are about to hit the Street. Here’s what traders need to know
▼ + stars: | 2024-04-18 | by ( Samantha Subin | ) www.cnbc.com time to read: +7 min

Wall Street anticipates a largely rosy setup for the stock, with many forecasting that the company beats, or reports in line with expectations. The anticipation contributed to some Wall Street firms lifting their price targets heading into the print. Under the paid sharing plan , Netflix account owners can buy an extra member slot and invite people outside their household to use the service. "After 1Q24, Netflix begins to lap the paid sharing benefits - most significantly in 2H24," wrote Morgan Stanley's Swinburne. Reason for caution Despite Netflix's strong run this year and the benefits reaped through paid sharing, some Wall Street analysts see reasons for caution.

Persons: —, Morgan Stanley, Benjamin Swinburne, Doug Anmuth, Morgan Stanley's Swinburne, Piper Sandler, Wall, Anmuth, Goldman Sachs, Eric Sheridan, Bryan Kraft, Kannan Venkateshwar, Deutsche Bank's Kraft, Piper Sandler's Matt Farrell, MoffettNathanson's Michael Nathanson, Street's, Farrell, Citi's Jason Bazinet Organizations: Netflix, LSEG, Deutsche Bank, Barclays, Street, Kraft, Deutsche, WWE, NBA, Netflix's WWE Locations: 2H24

☆ White House will 'make sure gas prices remain affordable' heading into summer, Biden advisor says
▼ + stars: | 2024-04-18 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

President Joe Biden's top economic advisor said Thursday that the White House will "make sure gas prices remain affordable" when asked whether the administration would consider tapping the Strategic Petroleum Reserve. We'll continue to monitor closely and want to make sure that those gas prices remain in current ranges," Brainard said. U.S. crude oil hit a high of $87.67 per barrel this year before pulling back to around $83 a barrel. The White House is keeping a close eye on "geostrategic risk" in the Middle East, Brainard said. Daniel Yergin, vice chairman of S&P Global, said oil prices above $90 presents a problem for the broader market.

Persons: Lael Brainard, Joe Biden's, Brainard, Biden, Lloyd Austin, John Podesta, Tuesday Biden, –, Daniel Yergin, It's, Yergin, CNBC's Organizations: AAA, Summit, Strategic Petroleum Reserve, JPMorgan, Brent, P Global Locations: East, Eastern Europe, Israel, Ukraine, Iran

☆ Sydney: Stabbed bishop delivers first message from hospital as malicious disinformation spreads
▼ + stars: | 2024-04-18 | by ( Hilary Whiteman | ) edition.cnn.com time to read: +7 min

The rapid spread of disinformation fomented an already volatile situation and days later authorities, faith groups and the bishop are still trying to calm community tension. But regulators are finding it much harder to act against social media platforms for the disinformation that spread online after the attacks – especially after the mass stabbing in the eastern suburb of Bondi. After the church attack, unconfirmed speculation also swirled about the faith of the alleged attacker and his motive. A 16-year-old boy has been charged with terrorism over the alleged stabbing of the bishop, police said Thursday. Video Ad Feedback Police: Australia church stabbing was 'terrorist incident' 04:31 - Source: CNNSystem of self-regulationBut stamping out some of the hateful comments that spread online has not been so easy.

Persons: Australia CNN —, Bishop Mar Mari Emmanuel, Jesus, ” Emmanuel, –, ”, Chris Minns, “ I’m, Steven Saphore, Australia’s, Meta, Facebook –, Marc Owen Jones, Russia influencer, Seven, Bondi, Jones, Hamad, won’t, he’s “, who’s, “, Elon Musk, That’s, Michelle Rowland, that’s, ” Rowland, Terry Flew Organizations: Australia CNN, Good Shepherd, State, Reuters, Facebook, NSW Police, West, Hamad Bin Khalifa University, Police, CNN, Digital Industry Group Inc, Elon, Twitter, ABC Radio Thursday, Digital Communication, University of Sydney, European, Thursday NSW Police Locations: Brisbane, Australia, Sydney, New South Wales, NSW, Westfield, Bondi, Russia, Australian, Queensland, Gaza, Qatar, European Union

☆ Blackstone's data-center bets have climbed 10-fold to $100 billion in just 3 years. And it's just the start, Steve Schwarzman says.
▼ + stars: | 2024-04-18 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +4 min

Schwarzman said QTS was now "the largest data center company in North America" and that data centers were one of Blackstone's "highest conviction investment themes today." Jon Gray, Blackstone's president, suggested Blackstone's data center portfolio would continue to grow. The size of Blackstone's investments in data centers reflect an astonishing rise for a once-obscure industry that's gaining importance in the race to develop and commercialize artificial intelligence. Around the country, there has been a boom of data center construction. Late last year, QTS won local approval to build one of the country's largest new data center projects in Virginia.

Persons: Steve Schwarzman, Schwarzman, Blackstone's, Blackstone, QTS, Jon Gray, Gray, Michael Chae, We've Organizations: Business, Blackstone, Google, Income Trust, Digital Realty Trust Locations: North America, QTS, Virginia, Frankfurt, Paris

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