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All three major averages advanced for the week, powered by strong mega-cap earnings and favorable inflation data. Looking to next week, earnings season enters its second half with the last of our mega-caps — Apple (AAPL) and Amazon (AMZN) — set to report on Thursday. We'll get a better read on the employment picture on Wednesday with the ADP report and then, more importantly, on Friday's nonfarm payrolls report for July. Thursday after the close brings us to the main events of the week: Earnings from Apple and Amazon. For those looking to review first quarter performance ahead of these releases, be sure to keep our first-quarter earnings report card handy.
Persons: We'll, that's, Stanley Black, Decker, Emerson, Bausch, Leggett, Platt, SIRI, Ares, COLM, PERI, Kraft Heinz, Phillips, Ferrari N.V, Johnson, Robinson, COOK, BUD, Kellogg, Papa, Pitney Bowes, Parker, Trimble, Ziff Davis, Nonfarm, Jim Cramer's, Jim Cramer, Jim, Apple Tim Cook, Kevin Dietsch Organizations: Nasdaq, Dow, Federal Reserve, Federal, ISM Manufacturing, Services PMI, Investors, Caterpillar, Devices, Starbucks, Natural Resources, AMD, Management, Emerson Electric and, Humana, Bausch Health, Apple, Microsoft, Resource Partners, AerCap Holdings, CNA Financial Corp, CNA, Apellis Pharmaceuticals, Bank, SJW, Hutchison China MediTech, Camtek Ltd, Silvercrest Asset Management, Loews Corp, Oxford Lane Capital Corp, Banco Santander, Silicom Ltd, SuperCom Ltd, Arista Networks, Avis Budget Group, Diamondback Energy, Lattice Semiconductor Corp, Republic Services, Yum China Holdings, Western Digital Corp, Power Systems, Tenet Healthcare Corp, Vornado Realty, BioMarin Pharmaceutical, PetMed, SBA Communications Corporation, Brixmor, Snack Foods Corp, Cushman & Wakefield, Sanmina Corporation, TFI, PMI, Cruise Line Holdings Ltd, Uber Technologies, Pfizer, Enterprise Products Partners, Merck, JetBlue Airways Corporation, Allegro MicroSystems, Altria, SunPower Corp, SiriusXM Holdings, Molson Coors Beverage, Marriott International, Toyota Motor Corp, BP, SYSCO Corp, Marathon Petroleum Corp, Ares Management, Equitrans Midstream Corporation, Game Technology, Illinois Tool, IDEXX Laboratories, Rockwell Automation, Packaging International Corp, Gartner, Zebra Technologies Corp, IQVIA Holdings, Oshkosh Corporation, Leidos Holdings, Eaton Corp, yte Corp, Lear Corp, Starbucks Corp, Devon Energy Corp, SolarEdge Technologies, Lumen Technologies, Virgin Galactic Holdings, Caesars Entertainment, VF Corp, Sciences Corp, Paycom, Vertex Pharmaceuticals, Suncor Energy, Holdings, Chesapeake Energy Corp, Boston Properties, American International Group, AIG, Allstate Corp, Aspen Technology, Electronic Arts, EA, Flowserve Corporation, Denny's, Corp, Prudential Financial, Store, Ternium S.A, Vimeo, Emerson, Lomb, CVS Health, Generac Holdings, Cameco Corp, Perion Network Ltd, Builders, Carlyle Group, Scorpio, Teva Pharmaceutical Industries, Ltd, Rithm Capital Corp, AeroSystems Holdings, Vertiv Holdings Co, Johnson Controls, CDW Corp, DuPont, Brands Holdings, Scotts Miracle, Gro, SMG, Brands, Allegheny Technologies, AmerisourceBergen Corporation, ABC, Real Estate Corporation, Adient plc, Editas, Garmin Ltd, WWE, Bunge Ltd, Criteo S.A, PayPal, QUALCOMM, Occidental Petroleum Corp, Apache Corp, Albemarle Corp, MGM Resorts International, MGM, Marathon Oil Corp, Joby Aviation, Industrial, CF Industries Holdings, Goodyear Tire &, Realty ome Corp, Metlife, Pacific Biosciences of, Rush Street Interactive, Zillow, JFrog Ltd, Herbalife Nutrition Ltd, Simon Property Group, McKesson Corp, Storage, Cerus Corporation, GXO Logistics, MAX Holdings, Health, Anheuser, Busch InBev, Warner Bros ., Cheniere Energy, ConocoPhillips, Hasbro, CIGNA Corp, Lantheus Holdings, Regeneron Pharmaceuticals, Fiverr International, Air Products & Chemicals, TopBuild Corp, EPAM Systems, Lightspeed Commerce, Aurinia Pharmaceuticals, Cummins, CMI, Slair Corporation, Starwood Property Trust, Vulcan, Alnylam Pharmaceuticals, New Energy Corp, Cedar Fair Entertainment, Intellia Therapeutics, Lending, Privia Health, Dickinson, Chimera Investment, CIM, Hyatt Hotels Corp, Lion Electric, LEV, Deluxe Corp, Murphy Oil Corp, PBF Energy, Papa John's, Targa Resources Corp, Wix.com Ltd, Apollo Global Management, LLC, Butterfly, Sempra Energy, Aptiv PLC, Brookfield Infrastructure Partners, Canada Goose Holdings, Hannifin Corporation, WESCO International, WCC, Arrow Electronics, Constellation Energy Group, Midstream Partners, Coinbase, Petroleo Brasileiro SA Petrobras, Gilead Sciences, Opendoor Technologies, Booking Holdings, Atlassian Corporation, International, Redfin Corporation, Motorola Solutions, Monster Beverage Corporation, Consolidated Edison, Rocket Companies, Apple Hospitality, Cirrus, Resources, Universal Display Corporation, Chesapeake Utilities Corp, Social, Defense, Security Solutions, Post Holdings, Tandem Diabetes Care, Nikola Corporation, Magna International, Dominion Energy, ACM Research, Frontier Communications, Brookfield Renewable Partners, inTEST Corporation, American Pipeline, TELUS International, XPO Logistics, Fluor Corp, Gray Television, Cboe, LyondellBasell Industries, Twist Bioscience, Global, Jim Cramer's Charitable, CNBC, Allen & Company Sun Valley, Getty Locations: U.S, China, India, Oxford, Chile, Illinois, Columbia, Pacific, Pacific Biosciences of California, Southern, PBI, Gilead, Sun Valley , Idaho
CNBC Special Podcast: Making of the Meme King
  + stars: | 2023-07-26 | by ( ) www.cnbc.com   time to read: 1 min
When Ryan Cohen tweets, people react. His posts fuel frenzies among his fervent followers, sending retail investors on Twitter and Reddit searching for hidden messages and clues. He's also earned the titles of "Papa Cohen" and "Meme-Stock King" after word of his investments in both GameStop and Bed Bath & Beyond helped send those stock prices soaring. Cohen—a Canadian high school graduate turned entrepreneur and billionaire— co-founded the successful online pet supply company, Chewy, before becoming a new type of activist investor harnessing the power of technology and social media. CNBC Documentaries' Making of the Meme King delves into the mysteries surrounding Cohen—including questions about his rapid exit from Bed Bath & Beyond-- and explores how he might be changing the landscape of business and investing.
Persons: Ryan Cohen, He's, Papa Cohen, Cohen —, , Cohen Organizations: Twitter, GameStop, CNBC
“It will all be OK,” Muhammad Abuzar told him. The boat was carrying up to 750 Pakistani, Syrian, Egyptian and Palestinian refugees and migrants. His uncle had decided to try and make it to Europe and Abuzar saw his chance. More than 600 people drowned on June 14 in what would become one of the deadliest migrant boat tragedies. Angelos Tzortzinis/AFP/Getty ImagesSpeaking to CNN in Pakistan, Mohammad Tahir said his brother Mubasher Sahzad, 29, was also on the boat.
Persons: Pakistan CNN — Pervez Akhtar, , Muhammad Abuzar, ” Akhtar, gaunt, Abuzar, CNN Akhtar, , we’ll, he’ll, Akhtar, – Abuzar, , “ Papa, Adriana, ” Akhthar, Rana Sanaullah, , Angelos Tzortzinis, Mohammad Tahir, Mubasher Sahzad, ” Tahir, Roberto Forin, ” Forin, Mia Sato, ” Sato, Forin, Qayyum Bibi’s, He’s Organizations: Pakistan CNN, CNN, UNICEF, Hellenic Coast Guard, Pakistani Interior Ministry, Medical, Getty, Migration, International Organization, Pakistan’s Federal Investigation Agency Locations: Gujrat, Pakistan, Pakistan’s, Europe, Italy, Karachi, Dubai, Egypt, Libya, Tripoli, Tobruk, North Africa, Greece's, Greece, Kalamata, AFP, East, Asia, Africa, Islamabad, Lahore, Gujranwala, Rawalpindi, European Union, Bandali, Kashmir,
One Facebook user uploaded the footage (here) alongside the caption: “Pope St. John Paul's body was exhumed yesterday after 12 years. However, the video is at least 12 years old and it does not show Pope John Paul II’s real body. It is titled Reliquias del Papa Juan Pablo II (Relics of Pope John Paul II), while the description adds that it was recorded at a school. Although Pope John Paul II’s remains were exhumed in April 2011 (here), they were not moved from Italy to Mexico. The video shows a wax figure of Pope John Paul II being displayed 12 years ago.
Persons: Pope John Paul II, Pope St, John Paul's, Pope John Paul II’s, Papa Juan Pablo II, Read Organizations: Catholic Church, Reuters, YouTube Locations: Mexico, Italy
CNN —Sweet crayon drawings by a very young King Charles III will show a different side to Britain’s royal family when they come up for auction this week. Emma Errington/Hansons AuctioneersIt is thought that Charles drew the crayon and pencil pictures of his parents between 1953 and 1955, when he would have been about 5 or 6 years old. The young prince chose a more sober black and white for his drawing of his father, Prince Philip. There are eight other drawings by the young Prince Charles, as he was at the time. There is also a cartoon-style illustration, thought to have been done between 1954 and 1956, which the young prince drew for his father.
Persons: King Charles III, Queen Elizabeth II, Prince Philip, Charles, Emma Errington, Charles ’ “ Papa ”, Hansons Auctioneers, Charles Hanson, , Prince Charles, carmine, “ Charles ”, “ Happybright, , Papa, Princess Anne, ” CNN’s Oscar Holland Organizations: CNN Locations: Britain, , London
CNN —Germany has returned six mummified Māori heads to New Zealand, together with the remains of almost 100 Māori and Moriori ancestors. German institute/Museum of New Zealand Te Papa TongarewaIn Māori culture, the head was considered the most important part of the body. Back in 2016, the Smithsonian Institution returned the remains of 54 indigenous people, including four mummified Māori heads, to Te Papa. The latest repatriation involved the skeletal remains of 95 ancestors of both peoples, together with six mummified tattooed Māori heads. A team carry 20 mummified Māori heads, repatriated from France, during a ceremony at Te Papa on January 27, 2012.
Persons: Hinemoana Baker, Te, Arikirangi Mamaku, Ironside, Reiss Engelhorn, Georg August, Roemer, Te Papa Tongarewa, Marty Melville, , Arapata, Papa’s Māori, Te Herekiekie, , Reiss, James Cook, moko, Craig Hawke, , hora, marino, kia whakapapa, tere, Organizations: CNN, New Zealand, Smithsonian, New, Smithsonian Institution, Grassi Museum, Linden Museum, Stuttgart State Museum of, Georg August University, Pelizaeus, Museum, Getty, Aotearoa New Locations: Germany, New Zealand, Papa, New, Aotearoa, Chatham, Te Papa, Vienna, Leipzig, Mannheim, Stuttgart, Göttingen, Hildesheim, Museum Wiesbaden, Te, France, AFP, When, Te Papa’s, Aotearoa New Zealand, Engelhorn, Europe, Wellington, Te_Papa
The finale of Netflix’s latest dating show hit, “The Ultimatum: Queer Love,” arrived on Wednesday after weeks of partner swapping that amounted to a milestone in romantic reality television: The first of the genre’s marriage contests that focused exclusively on queer couples. Like its predecessor, “The Ultimatum: Marry or Move On,” from last year, “The Ultimatum: Queer Love,” which premiered in May, follows couples who don’t agree about their future together (one wants to get engaged; the other is not ready). So they agree to split up and live with new partners for a few weeks in front of the cameras. After meeting, dating and committing to a “trial wife,” the original couples reunite to live together as married, also for a few weeks. Then, after eight episodes worth of soul-searching, they must decide whether to get engaged, end the relationship or leave with their “trial wife” — the “ultimatum” of the title.
Persons: , Mildred Woody, Vanessa Papa, Papa, Lexi Goldberg, Rae Cheung, Sutton, Xander Boger Organizations:
PATERSON, N.J. — When Bob Kendrick visited Hinchliffe Stadium in 2014, all he could do was hope. Kendrick, the president of the Negro Leagues Baseball Museum in Kansas City, Mo., had journeyed east for a ceremony that recognized Hinchliffe as a National Historic Landmark. The stadium is one of the last of the Negro leagues ballparks still standing, but it was almost impossible to tell at the time. So had local products like Monte Irvin and Larry Doby, who followed Jackie Robinson in the first wave of integrating the American and National Leagues on their own paths to Cooperstown. Two other teams, the New York Black Yankees and the New York Cubans, called the stadium home as well.
Companies are increasingly linking ESG metrics to executive compensation packages. That percentage of Russell 1000 companies linking ESG goals to compensation has quickly grown in recent years, from 14% in 2020 to 18% in 2021 to 28% in 2022. In 2021, Mastercard changed its executive compensation model for its most senior executives, EVPs and above, to link their bonus structure to goals set around carbon neutrality, financial inclusion and gender pay parity. Papa John's took a similar step last year, introducing an ESG bonus incentive for eligible employees and executives for goals around enhancing diversity, equity and inclusion, environmental impact, and its broader mission around cleaner and better ingredients. "For example, if there is an ESG goal around emissions, does a director of finance have any direct oversight or responsibility for how that is achieved?"
CNN —Fashion icon Karl Lagerfeld’s beloved cat, Choupette, did not make an appearance at the Met Gala, despite the event’s theme honoring her late owner. Doja Cat and Jared Leto both channeled the blue cream Birman with their Met Gala looks, transforming into Choupette in a mishmash of camp, couture and cat. The Grammy-winning rapper wore a silvery hooded Oscar de la Renta gown — complete with cat ears — along with feline facial prosthetics and sharpened talons on her nails. Choupette, 11, was expected by many to attend this year’s event given how important she was to Lagerfeld, who died in 2019. But she opted to “stay peacefully and cozy at home,” her agents said Monday, rather than hog the spotlight at the Met.
A person who works with the group, American Edge Project, told CNBC that the $34 million was from Facebook. A Meta spokesman declined to comment and referred CNBC to American Edge instead. The person who works with American Edge told CNBC that the $4 million was also entirely from Facebook. American Edge launched a wave of TV and digital ads from late 2020 through 2021, taking on antitrust proposals. American Edge spent over $5 million between TV and digital ads in 2021, according to data from AdImpact.
It's a low-cost way to sell products online because you don't need inventory. She had purchased an ebook about how to make money online and then realized it had an affiliate link she could promote. Finding something that stuckIt was around this time that she began dabbling with print-on-demand products. The demand was strong from others who were also offering print-on-demand products. She estimates that about 30% of the revenue came from selling her print-on-demand products.
Barbara Alper/Getty ImagesDrag has become increasingly visible in recent years through mainstream shows like “RuPaul’s Drag Race” and popular public events such as drag brunches, drag bingo and drag queen story hours, in which drag performers read children’s books to young audiences, often at libraries. Some trans drag queens who received hormone injections were “strongly deplored by stage impersonators who (said) that the whole point of female impersonation depends on maleness,” Newton wrote. But “Drag Race” has also skewed viewers’ definition of drag – no drag kings have ever competed on the series, Testa noted, and the judges have long imposed somewhat traditional beauty standards upon contestants. Pickle reads from a book during the Drag Queen Story Hour program at a Los Angeles library in 2019. These lawmakers falsely claim that drag performers “groom” or sexualize children, of which there is also no evidence.
The biggest week of this earnings season showed us that things aren't as bad as many feared. The week ahead of earnings, including several more Club names, should tell us more. The results are always important, but it's the guidance and management commentary we will really hone in on to better understand the path ahead. In Amazon's case, a solid first quarter for its AWS cloud business was overshadowed by management seeing a material slowdown in April. ET: Nonfarm Payrolls Looking back It was the biggest week of this earnings season for the Club as several of our mega-cap holdings and industry bellwethers reported results.
European sports stars are following US counterparts, such as Shaquille O'Neal, in betting on tech. O'Neal, who also made early bets on Google and Lyft, has shown how sports stars can become successful venture capitalists once their playing careers end. He's not alone in the US, with the football star Tom Brady and the basketball stars LeBron James and Steph Curry all actively investing in tech. The tennis legend Serena Williams went a step further and set up her own fund, Serena Ventures. Shaquille O'Neal has proven to be a shrewd tech investor with early bets on Ring, Google, and Lyft.
New York CNN —Beer distributors are largely sticking by Bud Light and its parent company, Anheuser-Busch, as controversy continues to embroil the brand. Bud Light pours at bars and restaurants declined in early April, according BeerBoard, which tracks sales data at thousands of bars and restaurants. BeerBoard told CNN that the 3,000 locations tracked by the firm poured 6% less Bud Light than rivals, including Miller Lite and Coors Light, from April 2 to April 15. Bud Light had been much more popular than rivals in the weeks before: From March 18 through April 1, customers ordered Bud Light 15% more than rival light beers. Heinerscheid said in a recent podcast interview that Bud Light needs to attract young drinkers to ensure the company’s future by promoting inclusivity.
LGBTQ Ugandans live in fear as new law looms
  + stars: | 2023-04-24 | by ( ) www.reuters.com   time to read: +4 min
A British colonial-era law bans gay sex, and members of the community are often victims of violence and discrimination. One resident contrasted the current atmosphere with 2013, when parliament passed a bill that strengthened penalties for same-sex relations. After parliament passed the bill, she deleted her Facebook, WhatsApp and Twitter accounts. Other LGBTQ Ugandans said they were taking security precautions like changing the routes they use to travel between home and work and carrying pepper spray. For LGBTQ Ugandans living abroad, the new reality is also clouding their prospects of coming home.
As restaurants prepare to present their first-quarter earnings, investors are anticipating strong results. When restaurants released their fourth-quarter reports in February, many touted impressive sales growth in January. Starting in the second quarter, restaurants will face comparisons to last year's sales bump driven by double-digit price increases, so they'll have to depend on higher traffic to drive sales growth. The relatively high valuations for restaurant stocks bring a downside for the industry, McCarthy said. Morgan Stanley's Harbour wrote that stocks could fall even on solid results "if the path forward is less clear."
You can now order MrBeast Burger through video games on Xbox and computers. The Youtuber's fast food brand is now available through Liifer, a food ordering app that integrates with games, Liifer said Thursday. The Liifer partnership is the latest expansion for MrBeast Burger. "MrBeast Burger is increasingly popular with gamers, especially after MrBeast was included in Epic Game's Fortnite in December," said Stephanie Sollers, CEO of Virtual Dining Concepts. MrBeast Burger fills orders using a mix of ghost kitchens, some of which it owns and some it has partnership agreements with.
Same-sex activity in Africa is punishable by … Map of the 32 African countries where same-sex activity is illegal. Same-sex activity in Africa … Map of the 22 African countries where same-sex activity is legal. In 1993, Guinea-Bissau became the first African country to legalise LGBTQ activity when it adopted a new Penal Code that didn’t include any laws criminalising it. Country Constitutional protection Broad protections Employment Hate crime Incitement Marriage or civil union Adoption Angola No Yes Yes Yes Yes No No Botswana No No Yes No No No No Cape Verde No No Yes Yes No No No Gabon No No No No No No No Guinea-Bissau No No No No No No No Lesotho No No No No No No No Mozambique No No Yes No No No No Sao Tome and Principe No No Yes Yes No No No Seychelles No No Yes No No No No South Africa Yes Yes Yes No Yes Yes YesNote: Broad protections include laws protecting against discrimination in at least 3 of 4 categories: the provision of goods and services, housing, healthcare and education. Namibia and Mauritius criminalise same-sex activity, but around 35% of respondents said they would dislike having a gay neighbour.
PRETORIA/CAPE TOWN, March 31 (Reuters) - South Africans took to the streets of Pretoria and Cape Town on Friday to protest against a Ugandan law passed last week that makes it a criminal offence to be openly LGBTQ. Singing and waving flags, demonstrators called on Uganda's president, Yoweri Museveni, not to sign it. "Queer people don't owe anyone anything, but we also deserve to live just like everyone else. You can't strip all our rights. Reporting by Catherine Schenck and Esa Alexander, Writing by Rachel Savage Editing by Giles ElgoodOur Standards: The Thomson Reuters Trust Principles.
Former Domino's CEO Ritch Allison bought $3,919 worth of pizza in 2021, the Financial Times found. The former CEO was compensated for a nearly $4,000 personal pizza expense, the Financial Times reported, citing Domino's proxy filing from last year. As FT points out, the previous proxy shows Allison's nearly $4,000 in pizza in 2021 was relatively tame. During his tenure as CEO, Allison pushed innovation and a culture of risk-taking at the tech-forward company. Curious what $3, 919 gets you in Domino's pizza pies?
[1/4] Catholic faithfuls pray during a mass at the Basilica San Jose de Flores, where Pope Francis used to attend in his childhood, in Buenos Aires, Argentina March 6, 2023. Some in Argentina claim Pope Francis as a Peronist, part of the powerful political movement forged by Juan Domingo Perón in the 1940s based on social justice values. She accused him of taking sides politically and once avoided him by shunning a traditional Mass in Buenos Aires. "We shouldn't rule out the possibility that (the pope) is concerned his presence will sharpen the political divide," De Vedia said. Bergoglio, he pointed out, had gained the nickname "Papa villero" - Pope of the villas - due to his closeness with the people.
Domino's began offering coupons, or what they referred to as "tips," for customers who picked up their own pizzas using curbside delivery. The promotion, which debuted in February 2022, came after the company announced its first same-store sale decline in a decade. Domino's is offering carside delivery. Mary Meisenzahl/InsiderSource: Insider, Insider
Recent data has shown that inflation is still hot, and that the economy is rip-roaring. On Thursday, JPMorgan Chase (JPM) CEO Jamie Dimon publicly expressed his doubt in the central bank’s ability to control inflation. This, in turn, can help make it easier for the central bank to achieve its inflation targets. Blackrock analysts wrote in a note Thursday that “we think we are going to be living with inflation. Watson was accused in a federal indictment of having “engaged in a scheme to defraud OZY’s investors, potential investors, potential acquirers, lenders and potential lenders.”The charges said that Watson committed the fraud “through material misrepresentations and omissions” about Ozy Media, including the company’s finances, investors, business partners, contracts, and potential acquisitions.
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