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Check out the companies making headlines in midday trading: Boeing — The stock climbed 3%. Cigna — The insurer's stock slid more than 4% after Bloomberg reported, citing people familiar with the matter, that Cigna has reignited merger discussions with Humana. AppLovin — The application technology stock jumped 8% on the back of a major price target hike from Bank of America. Atlantic Union Bankshares — The holding company for Atlantic Union Bank pulled back more than 5% after third-quarter net interest income missed analysts' estimates. Atlantic Union reported net interest income of $186.8 million, while analysts polled by FactSet were looking for $195.0 million.
Persons: Warby Parker, Goldman Sachs, Cigna, AppLovin, Bernstein, FactSet, Johnson, , Samantha Subin, Michelle Fox, Alex Harring, Sean Conlon Organizations: Boeing, Bloomberg, Humana, United Parcel Service, Barclays, Bank of America, Southwest Airlines —, CNBC, Elliott Investment Management, ASML Holdings, Atlantic, Atlantic Union Bank, Atlantic Union, Johnson Locations: Bank
3-Stock Lunch: Kenvue, UPS & Disney
  + stars: | 2024-10-21 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email3-Stock Lunch: Kenvue, UPS & DisneySylvia Jablonski, Defiance ETF co-founder, joins 'Power Lunch' to discuss stock plays for three stocks.
Persons: Disney Sylvia Jablonski Organizations: UPS, Disney, Defiance ETF
Investors are turning their attention to third-quarter earnings season, with 21% of S&P 500 companies set to report this week. Bank of America said that company executives are striking an optimistic tone on earnings calls. The decline on Monday comes as third-quarter earnings season nears its peak, with more than 100 S&P 500 companies set to report results this week, including Coca-Cola, Tesla, Boeing, and UPS. Bank of America strategist Savita Subramanian said that company executives are striking an optimistic tone on earnings calls. Analysts have been feeling bullish on the stock's prospects for further gains amid big demand for its new Blackwell chips.
Persons: , Savita Subramanian, Subramanian, Blackwell, Fedspeak Organizations: Bank of America, Service, Nasdaq, Dow Jones, Boeing, UPS, Bank of America . Bank of America, PMI, Here's
CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayThe bottom lineThere's a YouTube series called "I Like to Watch," in which two people react to Netflix shows. While it has accumulated an ardent fanbase for the hosts' kooky reactions, the series is, essentially, a show about Netflix shows. Netflix shows are often all of the above. Many of us like to watch Netflix shows.
Persons: Ashish Vaishnav, Richard Broughton, Ampere, Doug Anmuth, — CNBC's Sean Conlon, Ryan Browne, Lisa Kailai Han, Alex Harring Organizations: Netflix, Lightrocket, CNBC Locations: Mumbai
CNN —It was a week of huge match-ups between winning teams and Week 7 didn’t disappoint in terms of drama. One franchise lost for the first time, another maintained its unbeaten record and there were some huge injury blows too. Here are the main storylines from Sunday’s action:Chiefs win Super Bowl rematch to become last unbeaten teamIt was billed as the game of the week and it didn’t disappoint in terms of drama. Afterwards, Mahomes said that, despite the win, there is plenty to improve on for the Chiefs, the only team left in the NFL which has yet to be defeated. Eakin Howard/APSaquon Barkley has revenge performance in win over GiantsAll eyes were on Saquon Barkley as the Philadelphia Eagles made the short trip north to face the New York Giants in East Rutherford.
Persons: Samuel, Brandon Aiyuk, Patrick Mahomes, Mahomes, Kareem Hunt, Mecole Hardman, Brock Purdy, , , Cary Edmondson, Christian McCaffrey, Aiyuk, Purdy, Kyle Shanahan, Shanahan, Eakin Howard, AP Saquon Barkley, Saquon Barkley, Barkley, ” Barkley, “ I’ve, I’ve, I’ll, Al Bello, Cedric Benson, he’s, I’m, Seth Wenig, Daniel Jones, Brian Daboll, Jones, “ Daniel, Jake Bates ’, Jahmyr Gibbs, Ra St, Brown, Kalif Raymond, Will Reichard, Ivan Pace Jr, Vikings QB Sam Darnold, Bates, David Berding, We’ve, you’re, Dan Campbell, Brandon McManus, McManus, Morry Gash, Green Bay’s Jordan Love, Houston’s CJ Stroud, Love, Josh Jacobs, Jacobs ’, Thomas Jones, Jacobs, Joe Mixon, Stacy Revere Organizations: CNN, Jacksonville Jaguars, New England Patriots, Chiefs, Super, Kansas City Chiefs, San Francisco 49ers, 49ers, Kansas City, NFL, Reuters, San, AP, Giants, Philadelphia Eagles, New York Giants, MetLife, Eagles, Cincinnati Bengals, Chicago Bears, Packers, Houston, Vikings, North, Detroit Lions, Minnesota Vikings ’, Lions, Minnesota, Vikings QB, Detroit, ” Lions, Green Bay Packers, Houston Texans, Lambeau Field, Texans, Jacksonville Jaguars Seattle Seahawks, Atlanta Falcons Tennessee Titans, Buffalo Bills Cincinnati Bengals, Cleveland Browns Houston Texans, Green Bay Packers Miami Dolphins, Indianapolis Colts Detroit Lions, Minnesota Vikings Philadelphia Eagles, New York Giants Las Vegas Raiders, Los Angeles Rams Carolina Panthers, Washington Commanders Kansas City Chiefs, San Francisco 49ers New York Jets, Pittsburgh Steelers Locations: London, Kansas, San Francisco, East Rutherford, New York, It’s, Minneapolis, Detroit, Minnesota, Green, Wisconsin
But what was most impressive about this game was the Packers’ defense. Love has to be better and the offense will have better days, but the Packers defense was lights out. The Lions are the best team in the NFC at the moment, maybe even the best team overall. But the Lions looked like the best team in the division heading into the season, and they looked like the best team in the division on Sunday. He is on a pace to rush for 1,864 yards — his best season by far.
Persons: Saquon Barkley, Jeff Howe, Ted Nguyen, Dan Pompei, Jordan Love’s, C.J, Matt LaFleur, Jeff Hafley, Brett Favre, Love, Favre, Howe, I’m, Caleb Williams, Aidan Hutchinson, Will Aaron Glenn, Jared Goff, Goff, Brian Flores, he’s, Flores, Sam Darnold, he’ll, Williams, Barkley, aren’t, didn’t, They’ve, Andre Cisco, Trevor Lawrence, Brian Thomas Jr, Stephen Maturen Organizations: NFC, NFL, Giants, Jacksonville Jaguars, New England Patriots, The Athletic NFL, Packers, Texans, Stroud, Love’s Packers, AFC, Detroit Lions, Minnesota Vikings, Chicago Bears, Bears, Lions, Vikings, Detroit, New York Giants, Eagles, Patriots, Jaguars, Jacksonville, Indianapolis Colts Locations: London, Stroud, New York, Jacksonville
Earnings drove the stock market higher — can they do it again in the week ahead? But he acknowledged that timing is key because our portfolio discipline mandates that we consider lightening up our stock exposure in an overbought market. In fact, AMD was our worst-performing stock for the entire week, losing more than 7% following the prior week's 1.8% slide. Energy was the worst sector of the week for the market as oil prices sank. In the week ahead, housing numbers are the main draw on the economic front.
Persons: Jim Cramer, ASML, Morgan Stanley, WTI, industrials, We're, Sartorius, Danaher, we're, Stanley Black, Lockheed Martin, Philip Morris, Clark, Baker Hughes, Lam, DOV, CARR, Davidson, Northrop, Edwards Lifesciences, Jim Cramer's, Jim, Stocks, Tuesday's, Spencer Platt Organizations: Dow, Nasdaq, Netflix, Modelo, Corona, Constellation Brands, Taiwan Semiconductor Manufacturing Company, Nvidia, AMD, Broadcom, Club, Abbott Laboratories, Energy, Texas, Honeywell, Danaher, Federal Reserve, Treasury, SAP, Logitech, Verizon, General Motors, GE Aerospace, GE, Lockheed, Quest Diagnostics, Norfolk Southern, Polaris, Seagate Technology, Texas Instruments, Canadian National Railway Company, Boeing, GE Vernova, Fisher, Boston, General Dynamics, Hilton, Lam Research, Business Machines, IBM, Newmont, Viking Therapeutics, Vista Energy, Mattel, O'Reilly Automotive, Whirlpool, American Airlines, United Parcel Service, Southwest Airlines, Tractor Supply Company, Carrier Global, Dow Chemical, DOW, Harley, Union Pacific, Valero Energy, Hasbro, Northrop Grumman, Ryder, Boyd Gaming, Western, Boston Beer Company, York Community Bancorp, Colgate, Palmolive, Newell Brands, Jim Cramer's Charitable, CNBC, NEW, Traders, New York Stock Exchange, Getty Locations: BlackRock, CrowdStrike, U.S, Dover, Freeport, McMoRan, Kimberly, Norfolk, Las, ORLY, VALE, New York City
The Yankees acquired Juan Soto last winter to return them to the stage they once owned. Soto’s homer was the second by the Yankees in Game 5, after a two-run shot by series MVP Giancarlo Stanton off Tanner Bibee that tied the score in the sixth inning. pic.twitter.com/6R5fWpEg6I — New York Yankees (@Yankees) October 20, 2024“We had our ups, we had our downs,” general partner Hal Steinbrenner said on the TBS broadcast after holding aloft the AL championship trophy on the field. AdvertisementThe Yankees conquered Clase the previous two nights, but he rebounded in Game 5 against the same foes who humbled him earlier in the series. Stanton ripped a full-count slider — the only pitch Bibee left over the plate the whole at-bat.
Persons: Tyler Kepner, Chris Kirschner, Brendan Kuty, Zack Meisel CLEVELAND, Juan Soto, Soto, joyously, Luke Weaver, Hunter Gaddis, Gaddis, Alex Verdugo, Andres Gimenez, Bryan Rocchio, Soto’s, Giancarlo Stanton, Tanner Bibee, Bibee, Stanton, Carlos Rodon, Cleveland’s Emmanuel Clase, Aaron Judge, Weaver, Weaver —, , Lane Thomas, pic.twitter.com, Hal Steinbrenner, Emmanuel Clase, Stephen Vogt, Clase, Vogt, Stanton clobbered, jogged, Jazz Chisholm, Oswaldo Cabrera, Torres, Babe Ruth, Bernie Williams, Derek Jeter, Mickey Mantle, Aaron Boone, he’s, , Bo Naylor, Luis Rojas hadn’t, Noel, Andrés Giménez, Judge, Chisholm, Anthony Rizzo, Anthony Volpe’s, Austin Wells, Jason Miller Organizations: Yankees, American League, — New York Yankees, TBS, AL, Clase, Cal State Fullerton Locations: Cleveland
"Make Bitcoin Great Again" hats displayed for sale at the Bitcoin 2024 conference in Nashville, Tennessee, US, on Saturday, July 27, 2024. With the 2024 election hitting its homestretch, the leading pro-crypto super PAC has funneled a big chunk of its final donations to close House races as part of an effort to push candidates favorable to the group's agenda over the top. Of that sum, $20 million went to two affiliated PACs — $15 million to the Defend American Jobs PAC, a single-issue committee focused on cryptocurrency and blockchain policy that's favored Republicans, and $5 million to Protect Progress, which has only supported Democrats. Of the House donations, $6.2 million went to Democratic candidates and $2.3 million to Republicans. Crypto groups have spent over $130 million in congressional races for this year's election, including the primaries, according to FEC data.
Persons: Trump, that's, Fairshake, James Delmore, Southern California Republicans David G, Valadao, Michael Garcia, They've, Delmore, Patrick Ryan, Steven Horsford, Angela Dawn Craig, Derek Yoo, Katie Porter Organizations: US, , American Jobs PAC, Republicans, CNBC, Southern, Southern California Republicans, Democratic, Progress, Senate, Public Citizen, SEC, Moonsong, California Senate, Fairshake's, Crypto Locations: Nashville , Tennessee, New York , Nevada, California, Southern California, Illinois , Colorado , Oregon , Iowa, Arkansas, Arizona, Michigan, Utah
More than 70 S & P 500 names have posted their numbers, with 75% beating analyst earnings expectations. What history shows: General Motors has topped earnings estimates for eight straight quarters, Bespoke Investment Group data shows. What history shows: Coca-Cola has beaten analyst earnings expectations 73% of the time, Bespoke data shows. What history shows: Tesla has beaten earnings expectations 61% of the time, according to Bespoke. Thursday UPS is set to report earnings in the premarket, followed by a conference call at 8:30 a.m.
Persons: Michael Wayland, Mary Barra, Peter Grom, Leslie Josephs, Kelly Ortberg, TSLA, Dan Levy, Levy, Tesla Organizations: General Motors, Boeing, Netflix, CNBC, Detroit automaker, UBS, Management, Barclays, UPS, Amazon Logistics, Walmart, Citi Locations: China
NEW YORK — At long last, the New York Liberty are WNBA champions. Sunday’s Game 5 between the Liberty and Minnesota Lynx was far from New York’s most aesthetically pleasing game of the season, but style points aren’t awarded in winner-take-all affairs. But Stewart avenged the pair of free throws she split in the waning seconds of Game 1 to send Game 5 into overtime. THE NEW YORK LIBERTY HAVE THEIR HARDWARE 🏆 pic.twitter.com/WGZgqsp68A — WNBA (@WNBA) October 21, 2024Sunday’s championship is the culmination of a plan years in the making. That winter, general manager Jonathan Kolb had targeted three All-Star players he hoped to add to the Liberty’s roster: Stewart, Jones and Courtney Vandersloot.
Persons: Sabrina Ionescu, Jonquel Jones, Breanna Stewart, Sabally, Ionescu, Stewart, Sandy Brondello, Jones, Leonie Fiebich, Minnesota wouldn’t, Napheesa Collier, Fiebich, , egan, lara, ines, rena, dore, rade, ake, oster, hough, ince, alf, VP., herman Organizations: New York Liberty, Liberty and Minnesota Lynx, Liberty, WNBA, New York, Barclays Center, Lynx, ust, eads Locations: New, York, New York, Minnesota
Brandon Sloter/Getty Images Minnesota Vikings quarterback Sam Darnold throws the ball to tight end Johnny Mundt in Minneapolis on September 22. Matt Slocum/AP Kansas City Chiefs quarterback Patrick Mahomes runs the ball against Cincinnati Bengals cornerback Dax Hill during the Chiefs' 26-25 victory in Kansas City, Missouri, on Sunday, September 15. Ed Zurga/AP Kansas City Chiefs quarterback Patrick Mahomes scrambles during the game against the Baltimore Ravens in Kansas City, Missouri, on September 5. Charlie Riedel/AP The best photos from the 2024 NFL season Prev NextHouston Texans (5-1) vs. Green Bay Packers (4-2) – 1:00 p.m. ETKansas City Chiefs (5-0) @ San Francisco 49ers (3-3) – 4:25 p.m.
Persons: Sean Payton, Deebo Samuel, Samuel, John Froschauer, Brian Branch, Matthew Pearce, Patrick McDermott, Pat Surtain, AAron Ontiveroz, C.J, Gardner, Johnson, David Njoku, Matt Rourke, Claudin, Kirk Cousins, Grant Halverson, Caleb Williams, Williams, Zac Goodwin, Isaac Yiadom, Ji'Ayir Brown, DK Metcalf, Steven Bisig, Willie Gay Jr, Gay, Ed Zurga, Camryn Bynum, Steve Luciano, Keon Coleman, Eric Gay, Trevor Lawrence, David Rosenblum, Daniel Whelan, Gregory Bull, Trey Sermon, Nathan Ray Seebeck, Ka'imi Fairbairn, Deommodore Lenoir, Ezra Shaw, Riley Moss, Cooper Neill, Aaron Rodgers, Rodgers, Jayden Daniels, Christian Petersen, Tremon Smith, Greg Zuerlein, Seth Wenig, Ja'Tavion Sanders, Germaine Pratt, Eric Murray, George Kittle, Jed Jacobsohn, Darius Slayton, Eric Kendricks, Brad Penner, Reuters Damar Hamlin, Bryan M, Bennett, Calvin Austin III, Brandon Sloter, Sam Darnold, Johnny Mundt, Stephen Maturen, John Amis, Aaron Jones, Stacy Bengs, Dak Prescotts, Allen Lazard, Alex Austin, Darnell Mooney, Matt Slocum, Patrick Mahomes, Dax Hill, Jay Biggerstaff, Deebo Samuel Sr, Ivan Pace Jr, Abbie Parr, Alvin Kamara, Kamara, Tim Heitman, Tua Tagovailoa, Tagovailoa, Jasen, Caroline Brehman, Shutterstock, Dak Prescott, Prescott, Ken Blaze, Brian Robinson Jr, K.J, Britt, Jaylen Waddle, Hill, Stephanie V, Daniels, Al Diaz, Justin Fields, Danny Karnik, Okonkwo, Tyrique Stevenson, David Banks, Reuters Rhamondre Stevenson, Jason Mowry, Andrew Van Ginkel, Vincent Carchietta, Rebecca Blackwell, Khalil Shakir, Justin Jones, Jordan Love, Brooke Sutton, São Paulo, South America Kirby Lee, Taylor Swift, Travis Kelce, Reed Hoffmann, Isaiah, Patrick Mahomes scrambles, Charlie Riedel, – CJ Stroud, Stroud, Melina Myers, Nico Collins, Xavier McKinney, Love –, Josh Jacobs, Jeff Hanisch, Matt LaFleur, Bobby Slowik –, DeMeco Ryans, LaFleur, , ” Ryans, , Matt, Aidan Hutchinson, JJ McCarthy, Jahmyr Gibbs, David Montgomery, Ra St, Brown, Jameson Williams, Tim Patrick, Sam LaPorta, Brian Flores, Kirby Lee, Jared Goff, “ I’ve, Flores, Kevin, , they’ve, Goff, Andrew Dieb, LVIII, Andy Reid, Kyle Shanahan, Reid, Candice Ward, we’ve, It’s, Rice, Marquise Brown, Isiah Pacheco, Mahomes, Christian McCaffrey Organizations: CNN, Chicago Bears, Dallas Cowboys, New England Patriots, Jacksonville Jaguars, Wembley, Bears, Tottenham Hotspur Stadium, Denver Broncos, Thursday, San Francisco 49ers, Seattle Seahawks, AP Detroit Lions, The Lions, Cowboys, Green Bay Packers, Packers, Arizona Cardinals, Getty Images Denver Broncos, Broncos, Los Angeles Chargers, Denver Post, Getty, Philadelphia Eagles, Cleveland Browns, Eagles, AP Carolina Panthers, Atlanta, Panthers, Getty Images Chicago Bears, Tottenham Hotspur, USA, Sports, Reuters New, Reuters New Orleans Saints, Kansas City Chiefs, Chiefs, Saints, AP Minnesota Vikings, New York Jets, Vikings, AP Buffalo Bills, Bills, Houston Texans, AP Jacksonville Jaguars, Indianapolis Colts, Jaguars, Los Angeles Rams, AP Indianapolis Colts, Reuters Houston Texans, Buffalo Bills, AP San Francisco 49ers, Deommodore, Cardinals, 49ers, Las Vegas Raiders, Minnesota Vikings, Cincinnati Bengals, Bengals, Getty Images Houston Texans, Jacksonville, Texans, AP New York Giants, Giants, Reuters, Getty Images Pittsburgh Steelers, Steelers, Getty Images Minnesota Vikings, Tennessee Titans, AP Dallas Cowboys, Baltimore Ravens, The Jets, Reuters Atlanta Falcons, AP Kansas City Chiefs, Super Bowl, Reuters San Francisco 49ers, AP New Orleans Saints, Reuters Miami Dolphins, Reuters New York Jets, AP Los Angeles Chargers, Shutterstock Dallas Cowboys, NFL, Reuters Washington, Tampa Bay Buccaneers, Buccaneers, Dade Police, Miami Herald, Tribune, Service, Atlanta Falcons, Falcons, AP Tennessee Titans, Titans, Patriots, New York Giants, São Paulo, The Eagles, Neo, AP Baltimore Ravens, Arrowhead, Houston, Detroit Lions, Detroit, Lions, ESPN, Darnold, NFC, Reuters Kansas City Chiefs, Kansas City, San Francisco, Super Bowls, Super, Levi’s, Miami Dolphins, Vegas Raiders, Carolina Panthers, Washington, Pittsburgh Steelers Locations: London, New Orleans, Seattle, Arlington , Texas, Green Bay , Wisconsin, Denver, Philadelphia, Charlotte , North Carolina, Reuters New Orleans, Kansas City , Missouri, Houston, Jacksonville , Florida, Inglewood , California, Santa Clara , California, Glendale , Arizona, East Rutherford , New Jersey, Orchard Park , New York, Pittsburgh, Minneapolis, Nashville, Miami Gardens , Florida, Cleveland, Tampa , Florida, Miami, Atlanta, Chicago, Cincinnati, São, South America, Green Bay, Stroud, USA, Detroit, Super, Santa Clara, California, Francisco
In the House, two Republican congressmen are aiming to fend off a pair of Democratic former state legislators. Seven-term GOP Rep. David Schweikert is seeking to hang on against Amish Shah, a doctor, in the blue-trending Phoenix suburbs after winning by less than 1 point in 2022. And in the Tucson area, freshman Republican Rep. Juan Ciscomani is facing a rematch against Kirsten Engel after previously winning by under 2 points. Arizona’s two highly competitive House racesBoth of these House races are rated as “toss-ups” by the nonpartisan Cook Political Report With Amy Walter. “All four have distinct personalities,” said a Democratic operative working on House races, who spoke candidly on the condition of anonymity.
Persons: Mesa Mayor John Giles, Kamala Harris, Kari Lake, Donald Trump acolyte, Ruben Gallego, , Donald Trump, ” Giles, hasn’t, David Schweikert, Shah, Juan Ciscomani, Kirsten Engel, Amy Walter, , Lake, “ Arizonans, Ciscomani, Blake Masters, Gallego, ” “, Trump, Lake’s, Don, Bacon, Dan Conston, Harris, Sen, John McCain, “ I’ve, I’m, ” Roberta Voss, Eli Crane, Crane, Jonathan Nez, Kevin McCarthy midsession, McCarthy, Marson Organizations: Mesa Mayor, Republican, Democratic, Senate, GOP, Trump, Nebraska Rep, Congressional, Fund, NBC News, Social Security, Navajo Nation, ” Arizona Republican, American Locations: Arizona, Phoenix, Tucson, Omaha, Navajo, ” Arizona
US stocks usually fall in autumn. "The amount of warning you often get between the peak happening and a pretty significant downturn is pretty limited, right? "What usually happens in an election year is, November and December are pretty bullish for stocks," Keller said. The veteran strategist also talked about what he's half-jokingly calling "Dave's election-proof portfolio" of investments. AdvertisementBelow are Keller's best ideas for either a Trump or Harris win, plus five investments that should be fine either way.
Persons: Stocks, David Keller, , hasn't, Keller, shouldn't, Harris, Whoever's, he's, Donald Trump, Kamala Harris Organizations: Service, Sierra Alpha Research, Trump
I'm a mom of two and a stepmom of three, and the last 20 years of parenting teens have taught me a lot. We've done high school freshman orientations and graduation, proms, games, and college stress four times. Here are my eight tips for parenting teens that everyone should know about. High school is a time for them to try something newOur high school has more than 50 different clubs and activities. Be curious about what they want to explore after high school.
Persons: , they're, I've, they'll Organizations: Service, Leadership, American Student Association, Chamber Choir, Ivy League, National Institute of Mental Health
We've compiled everything you need to know about how to watch Georgia vs. Texas, including cable and live streaming options. The Georgia vs. Texas game will air on ABC in the US. How to watch Georgia vs. Texas in the USIf you don't have cable or access to a good antenna, there are a couple of ways to live stream the Georgia vs. Texas game, including broad live TV packages and a streaming service tooled toward specific games, like tonight's match-up. Check price at FuboHow to watch Georgia vs. Texas from anywhereFootball fans traveling away from home don't need to worry about missing out on any of the action. Check price at ExpressVPNHow to watch Georgia vs. Texas with a VPNSign up for a VPN if you don't have one.
Persons: We've, we've, There's, ExpressVPN Organizations: Business, Texas Longhorns, SEC, Georgia Bulldogs, Georgia, Texas, Longhorns, Bulldogs, ABC, . Texas, ESPN, UFC, MLB, NHL, NFL, Hulu, Disney Plus, DirecTV, DirecTV Stream, Football Locations: . Texas, Georgia, Austin, Texas, Alabama, .
download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . LVMH, the largest of the luxury conglomerates, announced its third-quarter earnings this week, and the results were grim. AdvertisementWhile personal luxury sales in China grew by more than 37% each year from 2019 through 2021, that annual growth is not expected to hit more than 4.2% through 2028, according to EMARKETER data. AdvertisementEMARKETER's Canaves pointed to the collaborations and moves toward streetwear that helped some brands emerge from the last luxury slump. Of course, any expansion into new categories should not take attention from handbags and clothing, the revenue drivers of luxury brands.
Persons: LVMH, , Louis Vuitton, Salvatore Ferragamo, Goldman Sachs, Gucci, Hermès, Jean, Jacques Guiony, Adam Cochrane, Chanel, Canaves, Guiony, Birkin, Deutsche Bank's Cochrane, Cartier, Brunello Cucinelli, Rambourg, Louis Organizations: Service, Revenue, Louis, Burberry, Business, Deutsche Bank, Gucci, Deutsche Bank's, Chez Locations: China, Asia, Japan, COVID, streetwear, Paris
Several University of Alabama students were charged in alleged fraternity hazing incidents after a pledge said he was shoved, stepped on, and had things thrown at him. Court documents filed Wednesday state that videos from the TV room and band room captured the alleged hazing. Molineaux and another fraternity member are alleged to have "shoved and struck one of the pledges," the filing says. The University of Alabama said hazing is strictly prohibited and an investigation led to the campus police department serving warrants against several members. "Hazing violates University policy, the Code of Student Conduct, and the law, and it is a matter that the University takes seriously," the school said in a statement.
Persons: Christopher Theodore Molineaux, Grant Henry Rakers, Joshua Donald Ferrito, Charles William Grey, Alabama's Bryant, Denny, Wesley Hitt, calisthenics, Rakers, Grey, Stefan Maksimovich, Pi Kappa Phi Organizations: University, Alabama, Pi Kappa Phi, Alabama's, University of Alabama, Conduct, Pi Kappa Locations: Tuscaloosa, Ala
CNBC's Jim Cramer believes Netflix 's innovative use of artificial intelligence (AI) in its ad-supported tier is a game changer, positioning the company far ahead of its competitors. "Netflix is so far ahead of everybody else," Jim noted, adding that the Street's enthusiasm for Netflix stock on the back of Thursday's beat-and-raise quarter is largely driven by its success in AI-based advertising. Netflix's AI advantage, Cramer highlighted, is why investors are willing to pay up for the stock. He set a $1,000 price target on the stock, which implies a 30% upside from Friday's intraday high of roughly $763. Looking ahead, co-CEO Gregory Peters stated that advertising would become one of Netflix' key growth drivers during the company's post-earnings webcast Thursday.
Persons: CNBC's Jim Cramer, Jim Cramer, Jim, Cramer, Gregory Peters Organizations: Netflix Locations: Thursday's, United States
The Dow and the S&P 500 hit all-time highs Thursday as US stocks hit a six-week win streak. Strong third-quarter earnings from Netflix and Intuitive Surgical led to massive 10%+ stock gains. Upcoming earnings reports and economic data releases will be closely watched by investors next week. Shares of Netflix and Intuitive Surgical soared more than 10% to record highs after their third-quarter earnings bested analyst's profit and revenue estimates. Next week, on the economic data front, investors will monitor the release of September's US leading economic indicators index, data on existing home sales, and consumer sentiment.
Persons: , Dow Organizations: Dow, Netflix, Service, Nasdaq, Dow Jones, Texas, Tesla Locations: FactSet
There are other ways to help children become independent, resourceful, caring people who can handle life's ups and downs and thrive. Ask yourself: "Can my child handle this challenge?" Instead, help your child accept hard feelings by reiterating that all feelings are normal and they're loved no matter what. When you're harsh with your child, they learn to use the same tactics to get what they want or need. Tovah P. Klein, PhD, is a psychology professor at Barnard College and the director of Barnard's Center for Toddler Development.
Persons: I've, you'll, they'll, you've, they're, scold, Klein Organizations: Barnard College, Barnard's Center
He does 100 push-ups and also planks six days a week, and his doctor told him to keep going. AdvertisementJim Dreeben has always been active, but it wasn't until he was in his 80s that he took up CrossFit. Dreeben, a retiree in Riverhead, New York, now does weekly CrossFit sessions and 100 push-ups six days a week, he told Business Insider. Dreeben does CrossFit with people half his ageDreeben was an active kid, and as a teen he did shotput, wrestling, and general workouts. He loves telling people he does CrossFit because it raises eyebrows.
Persons: Jim Dreeben, , Dreeben, didn't, CrossFit, hasn't, he's, It's Organizations: Service, Dreeben Locations: Riverhead , New York, Long Island, New York City
With Wall Street rolling into the thick of earnings season, CNBC's Jim Cramer on Friday told investors what market-moving action to keep an eye on next week, including reports from Boeing , Tesla , IBM and T-Mobile . On Tuesday, a slew of big names will report, including General Motors , Danaher , RTX and GE Aerospace . Cramer said the automaker could be a bargain, even as many on Wall Street are pessimistic about its earnings. IBM , Tesla , Lam Research and T-Mobile will report after close. Friday brings earnings from Colgate-Palmolive , and Cramer said he thinks Wall Street will love the stock but that such fondness is "way overdone."
Persons: CNBC's Jim Cramer, Cramer, Clark, Vertiv's, Elon Musk, Lam, Decker Organizations: Boeing, Tesla, IBM, Mobile, SAP, General Motors, GE Aerospace, Texas Instruments, Texas, Lam Research, Southwest Airlines, Honeywell, UPS, Carrier, Colgate, Palmolive Locations: Norfolk Southern
The surge comes after the streaming giant reported another strong quarter and issued positive guidance. Quarterly revenue was slightly above estimates while its ad-supported tier saw strong subscriber growth. AdvertisementInvestors poured into Netflix shares on Friday, sending the stock to record highs after the streaming giant's solid third-quarter earnings report. The surge came after Netflix reported a strong earnings beat and gave positive forward guidance that gave investors confidence about its position in the streaming wars. He said Netflix's latest earnings and free cash flow set it apart from the competition in the increasingly fierce streaming wars.
Persons: , Morgan Stanley, Benjamin Swinburne, Swinburne Organizations: Service, Netflix, Bloomberg, UBS, Bank of America, CNBC Locations: signups
Netflix shares jumped Friday after the media streaming giant reported third-quarter earnings and revenue that beat expectations. Shares of Netflix were up 5.4% in U.S. premarket trading as of 4:39 a.m. Netflix reported earnings per share of $5.40 for the three-month period ending Sept. 30, surpassing the $5.12 LSEG consensus estimate. Revenues also beat expectations, coming in at $9.83 billion, above the $9.77 billion anticipated by analysts. Crucially, Netflix saw momentum in its ad-supported membership tier, which jumped 35% quarter-over-quarter.
Organizations: Netflix Locations: Krakow, Poland, U.S
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