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☆ CNBC Daily Open: Nvidia underpromises and massively overdelivers
▼ + stars: | 2023-08-24 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

David Paul Morris | Bloomberg | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. A year ago, Nvidia CEO Jensen Huang promised investors the company is "navigating our supply chain transitions in a challenging macro environment and we will get through this." Hum goes on to suggest it's possible that, three months later, Nvidia reports revenue of $18 billion to $19 billion. That's almost $3 billion more than the $16 billion Nvidia said it expects.

Persons: Jensen Huang, David Paul Morris, bluster, Dan Ives, Robert Hum, Chaim Siegel, Elazar, —, Kif Leswing Organizations: Nvidia, Bloomberg, Getty, CNBC, Wedbush Securities, Elazar Advisors Locations: Las Vegas

☆ Exclusive: China's Xiaomi wins state planner nod to make EVs amid glut in autos
▼ + stars: | 2023-08-23 | by ( Julie Zhu | ) www.reuters.com time to read: +4 min

A man walks past a logo of Xiaomi, a Chinese manufacturer of consumer electronics, outside a shop in Mumbai, India, May 11, 2022. Xiaomi, which owns the world's third largest smartphone brand by shipments, did not immediately respond to a request for comment. Xiaomi plans to produce about 100,000 EVs next year, said one of the sources. But Xiaomi, which reported an 18.9% drop in its latest quarterly revenue in May, has its own compulsions for foraying into EVs. Xiaomi plans to use the thousands of stores it has as showrooms for its electric cars, Reuters previously reported.

Persons: Francis Mascarenhas, HONG KONG, Xiaomi, Tesla, NDRC, MIIT, Lei Jun, Julie Zhu, Muralikumar Organizations: REUTERS, Xiaomi Corp, HK, National Development, Reform Commission, EV, Ministry of Industry, Reuters, Lucid, Beijing Daily, China Passenger Car Association, Thomson Locations: Mumbai, India, HONG, Beijing, Shanghai, Reuters U.S, China, China ., EVs

☆ Volkswagen strikes direct supply deals for chips to avoid global shortage
▼ + stars: | 2023-08-23 | by ( ) www.reuters.com time to read: +2 min

[1/2] Volkswagen's factory is seen in Sao Bernardo do Campo, Sao Paulo state, Brazil June 28, 2023. Demand for chips has risen dramatically in the car industry in line with electric vehicle production and the need for increasingly complex software. Volkswagen and Franco-Italian chipmaker STMicroelectronics (STMPA.PA) announced plans last July to co-develop a new semiconductor, marking VW's first direct relationship with a second- and third-rank semiconductor supplier. Volkswagen has not struck a direct supply relationship with TSMC - the world's biggest contract manufacturer of semiconductors - but meets with them every few weeks to communicate its demand situation, Schnake said. The carmaker also plans to reduce the variety of chips required in its vehicles to simplify the supply chain, which will also help simplify its software offering, Schnake added.

Persons: Campo, Leonardo Benassatto, chipmakers, Karsten Schnake, Dirk Grosse, Taiwan's TSMC, Schnake, Victoria Waldersee, Jan Schwartz, Bill Berkrot Organizations: REUTERS, Rights, NXP Semiconductors, Infineon Technologies, Renesas Electronics, Volkswagen, Intel, Thomson Locations: Sao Bernardo, Sao Paulo state, Brazil, Berlin, Germany

☆ Missed the back-to-school tax holiday? You still have time in these three states
▼ + stars: | 2023-08-23 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +2 min

On those days, shoppers can earn sales tax breaks on products, such as clothing, shoes, electronics and classroom supplies. The last time Deloitte expected a decline in back-to-school spending was in 2014. The items include products like jeans, athletic shoes, shirts, swimsuits, scarves, ear muffs and boots. New Jersey’s sales tax-free holiday, running from August 26 to September 4, covers back-to-school essentials such as computers, school supplies, and sport or recreational equipment. The sales tax holiday in Florida, which ends on September 4, covers children’s athletic equipment priced at $100 or less.

Organizations: New, New York CNN, Deloitte Locations: New York, Connecticut , New Jersey, Florida, In Connecticut

☆ Analog Devices' fourth-quarter forecasts disappoint as consumer demand weakens
▼ + stars: | 2023-08-23 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsAug 23 (Reuters) - Analog Devices (ADI.O) forecast fourth-quarter revenue below Wall Street targets on Wednesday, in a sign that the chip industry inventory glut, fueled by weak consumer demand, might prevent fresh orders from flowing in. U.S.-based Analog Devices projected fourth-quarter revenue of $2.70 billion, plus or minus $100 million, compared with analysts' average estimate of $3.01 billion, according to Refinitiv data. Rival Texas Instruments (TXN.O) also forecast third-quarter revenue below market estimates as weak consumer demand prompted electronics makers to be cautious about buying chips. Analog Devices also forecast fourth-quarter adjusted earnings of $2 per share, plus or minus 10 cents, below analysts' estimate of $2.39 per share profit. Its third-quarter revenue fell about 1% to $3.08 billion, missing estimates, weighed by the consumer sector.

Persons: Dado Ruvic, Vincent Roche, Arsheeya, Shilpi Majumdar Organizations: REUTERS, Research, Devices, Texas, ON Semiconductor, NXP Semiconductors, Thomson Locations: China, Vincent Roche ., Bengaluru

☆ The earnings and economic data shows the consumer is still in control of the economy
▼ + stars: | 2023-08-23 | by ( Tim Mullaney | ) www.cnbc.com time to read: +9 min

Moody's says that consumer savings rates are rising after bottoming out in June 2022. "We still see it as a normalization, not a deterioration story when we talk about consumer credit.'' But consumer loan delinquency rates are at 2019 levels, and below any level ever seen before 2014, according to Federal Reserve data. At JPMorgan, mortgage credit quality is so solid that the bank reported no net chargeoffs in the second quarter. Overall, the Bureau of Economic Analysis says consumer spending on new vehicles rose $40 billion to $642.4 billion in the first half of the year, with most gains coming in the second quarter.

Persons: Brandon Bell, Arun Sundaram, haven't, Alastair Borthwick, Moody's, Scott Hoyt, Jeremy Barnum, it's, Barnum, David Fieldhouse, Hoyt, Sundaram, Horton, Goldman Sachs, Goldman Organizations: Chevrolet, Knapp, Getty, Amazon, Walmart, Home Depot, Bank of America, CFRA, Atlanta Federal Reserve Bank, JPMorgan Chase, Federal Reserve, JPMorgan, Federal, Wall, General Motors, GM, Ford, U.S, Toll, Pride Locations: Houston , Texas

☆ Meet Apollo, the ‘iPhone’ of humanoid robots
▼ + stars: | 2023-08-23 | by ( Ashley Strickland | ) edition.cnn.com time to read: +9 min

The design for Apptronik’s latest humanoid robot, named Apollo, was unveiled on Wednesday. Apollo is Apptronik's latest humanoid robot. Rather than highly specialized robots that can only serve one purpose, Apptronik wanted Apollo to be the “iPhone of robots,” Cardenas said. Courtesy ApptronikBefore Apollo, Apptronik focused on what it called a Quick Development humanoid robot. To the moon and beyondApptronik serves as one of NASA’s partners that works on humanoid robot designs.

Persons: Argodesign, Apollo, “, ”, Jeff Cardenas, Bill Stafford, ” Cardenas, Shaun Azimi, NASA’s, Cardenas, Apptronik, Nick Paine, ” Paine, Paine, ” Azimi, Artemis VI, Azimi Organizations: Austin , Texas CNN, Austin, University of Texas, NASA, JSC, DARPA, Space Center, International Locations: Austin , Texas, Houston, Australia, uncrewed, Apptronik

☆ Cramer warns: 'There are semis that aren't hitting it out of the park,' including this stock
▼ + stars: | 2023-08-23 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +1 min

Missed quarterly results and light guidance from Analog Devices (ADI) is a reminder that it's not sunshine and rainbows across the entire chip industry, CNBC's Jim Cramer said Wednesday. If you like this story, sign up for Jim Cramer's Top 10 Morning Thoughts on the Market email newsletter for free. "Remember, there are semis that aren't hitting it out of the park," Cramer said on "Squawk on the Street." Analog's industrial and automotive segments — its two largest by revenue — reported good numbers Wednesday morning, Cramer said. The main culprit for the disappointment is its consumer business, Cramer added, pointing to concerns about spending on personal electronics.

Persons: CNBC's Jim Cramer, Jim Cramer's, Cramer Organizations: Devices, PHLX Semiconductor, Nvidia, Cramer's Charitable Trust, CNBC

Arm is hoping for a valuation of up to $70 billion in the IPO, which will launch on the Nasdaq next month. Arm and its owner SoftBank Group have set aside 10% of the shares to be sold in the IPO for its clients, the sources said. Its close relationship with Arm has helped it design chips that curbed its reliance on Intel as a supplier. Many technology companies that seek to make their own chips using Arm’s designs turn to TSMC for its low-cost manufacturing. None of these companies’ investments in Arm’s IPO are certain.

Persons: Dado Ruvic, ”, Jack Gold, SoftBank, Apple spokespeople, Jay Lee, Masayoshi Son, Son, TSMC, Dylan Patel Organizations: FRANCISCO, Reuters, Arm Holdings, REUTERS, Apple, Intel, Nvidia, Microsoft, Samsung Electronics, Nasdaq, Gold Associates, SoftBank, Devices Inc, APPLE, SAMSUNG, Samsung, MICROSOFT, Devices, Vision Fund Locations: Switzerland, Japan

Arm is hoping for a valuation of up to $70 billion in the IPO, which will launch on the Nasdaq next month. Arm and its owner SoftBank Group (9984.T) have set aside 10% of the shares to be sold in the IPO for its clients, the sources said. Its close relationship with Arm has helped it design chips that curbed its reliance on Intel as a supplier. Many technology companies that seek to make their own chips using Arm's designs turn to TSMC for its low-cost manufacturing. None of these companies' investments in Arm's IPO are certain.

Persons: Dado Ruvic, Jack Gold, SoftBank, Apple spokespeople, Jay Lee, Masayoshi Son, Son, TSMC, Dylan Patel, Milana Vinn, Stephen Nellis, Max Cherney, Greg Roumeliotis, Matthew Lewis Organizations: REUTERS, FRANCISCO, Arm Holdings, Apple, Intel, Nvidia, Microsoft, Samsung Electronics, Reuters, Nasdaq, Gold Associates, SoftBank, Devices Inc, APPLE, SAMSUNG, Samsung, MICROSOFT, Devices, Vision Fund, Thomson Locations: Switzerland, Japan, New York, San Francisco

New York CNN —Dick’s Sporting Goods warned Tuesday that retail theft is damaging its business and would lead to lower annual profits. Retail “shrink” is a term that refers to merchandise that goes missing due to theft, fraud, damage, accounting errors or other reasons. The retailer reported a large number of incidents of shoplifting and organized retail crime in its stores nationwide. Need and opportunity become forceful catalysts for driving up incidents of retail crime, experts said. According to the National Retail Federation, the industry’s biggest trade group, large-scale store theft is becoming a bigger part of retail shrink.

Persons: Lauren Hobart, can’t, ”, Read Hayes, criminologist, Gucci, – Organizations: New, New York CNN —, Goods, Walgreens, University of Florida, Prevention Research Council, Walmart, Target, National Retail Federation, eBay, Facebook, Westfield, Westfield Topanga Shopping, Nordstrom, FBI, New York Police Department, New York State, Police Locations: New York, Pittsburgh, Los Angeles, Chicago, Westfield Topanga, Burbank , Glendale, Beverly Hills, Santa Monica, New York City

☆ US FAA holding runway safety meetings after close call incidents
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: +1 min

A Southwest Airlines plane approaches to land at San Diego International Airport as U.S. telecom companies, airlines and the FAA continue to discuss the potential impact of 5G wireless services on aircraft electronics in San Diego, California, U.S., January 6, 2022. REUTERS/Mike Blake/File Photo Acquire Licensing RightsWASHINGTON, Aug 22 (Reuters) - The U.S. Federal Aviation Administration said on Tuesday it will hold runway safety meetings at 90 airports over the next few weeks after a series of troubling close call aviation incidents. On Aug. 12, the FAA and National Transportation Safety Board (NTSB) said they were investigating a near collision between a Southwest Airlines (LUV.N) Boeing 737 and a Cessna Citation 560X business jet in San Diego. The NTSB is investigating seven runway incursion events since January, including the San Diego incident. In March, the FAA said it was taking steps to improve its air traffic control operations after near-miss incidents telling employees: "There is no question that we are seeing too many close calls."

Persons: Mike Blake, David Shepardson, Kirsten Donovan Organizations: Southwest Airlines, San Diego International Airport, FAA, REUTERS, Rights, U.S . Federal Aviation Administration, National Transportation Safety Board, Boeing, Cessna, NTSB, Thomson Locations: San Diego , California, U.S, San Diego

China is dominant in magnets and the rare earth metals they are made from. Magnet makers are also drawn to Vietnam by low labour costs and market access afforded by multiple free-trade deals. It said it sources most of its rare earths from China but is seeking alternative sources in Vietnam and Australia and plans to develop a processing facility in Vietnam. A similar request from clients prompted another Chinese magnet maker, Magsound, to decide to open a factory in Vietnam in the first half of next year, the two people said. In April, Australia's Strategic Materials (ASM.AX) signed a deal with a Vietnamese refiner that committed to supplying rare earths for export to South Korea.

Persons: David Merriman, China's Luxshare, Taiwan's Foxconn, Magsound, Japan's Shin, Obayashi, Francesco Guarascio, Khanh Vu, Mai Nguyen, Christopher Cushing Organizations: Apple, Sino, Korea's Star, Industrial, SGI, U.S . Department of Energy, South, Reuters, VinFast, Hyundai, China's, Luxshare, Thomson Locations: China, HANOI, SEOUL, Vietnam, U.S, South Korea, Washington, Beijing, Australia, Hanoi

Arm's stock market launch is expected to bring back to life a lackluster IPO market, which has over the last year seen several high-profile startups postpone their listing plans due to market volatility. Arm said that more than 50% of its royalty revenue for the most recent fiscal year came from smartphones and consumer electronics. The company, whose chip technology powers most smartphones including iPhones, did not reveal the number of shares it is planning to sell and the valuation it will seek. Arm makes money from upfront licensing fees for technology and then a royalty paid on each chip sold by Arm's customers. Arm's chip designs dominate the smartphone industry, but they are also used in laptops made by Apple (AAPL.O) and some Windows machines.

Persons: Dado Ruvic, SoftBank, Arm, Goldman Sachs, JPMorgan Chase, Manya Saini, Jaiveer, Stephen Nellis, Max Cherney, Echo Wang, Anirban Sen, Stephen Coates Organizations: REUTERS, Arm Holdings, Research, Reuters, Vision Fund, SECOND, Acorn Computers, Apple Inc, Apple Computer, VLSI Technology, London Stock Exchange, Nasdaq, Nvidia Corp, Apple, Nvidia, U.S, Barclays Plc, JPMorgan, Mizuho Financial Group, underwriters, Thomson Locations: U.S, Saudi, China, Arm China, Bengaluru, San Francisco, New York

☆ DuPont to sell majority stake in $1.8 billion Delrin resins unit
▼ + stars: | 2023-08-21 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Denis Balibouse/File Photo Acquire Licensing RightsAug 21(Reuters) - Industrial materials maker DuPont De Nemours (DD.N) said on Monday it has agreed to sell an 80.1% stake in its Delrin resins unit to private equity firm TJC, formerly known as The Jordan Company, in a deal that values the business at about $1.8 billion. It will also own a 19.9% non-controlling interest in the unit, which the company had been looking to divest since February last year. The company sold most of its mobility and materials business to Celanese (CE.N) for $11 billion last year. However, it also suffered a setback last year as Chinese regulatory hurdles forced it to scrap the $5.2 billion acquisition of engineering materials maker Rogers (ROG.N). Earlier this year, peers Univar Solutions(UNVR.MX) and Chase Corp(CCF.A) had been taken private by Apollo Global Management and KKR, respectively.

Persons: Denis Balibouse, DuPont De, Ed Breen, Rogers, Sourasis Bose, Pooja Desai Organizations: REUTERS, DuPont, DuPont De Nemours, Jordan Company, ED, Chase Corp, Apollo Global Management, KKR, Thomson Locations: Dupont, Geneva, Switzerland, Celanese, Bengaluru

☆ DuPont to sell majority stake in Delrin resins unit for about $1.6 bln
▼ + stars: | 2023-08-21 | by ( ) www.reuters.com time to read: +1 min

A logo is pictured outside of Dupont offices in Geneva, Switzerland, April 15, 2021. REUTERS/Denis Balibouse/File Photo Acquire Licensing RightsAug 21(Reuters) - Chemical maker DuPont De Nemours (DD.N) said on Monday it has agreed to sell 80.1% of its Delrin resins unit to private equity firm TJC, formerly known as The Jordan Company, for about $1.6 billion. It will also own a 19.9% non-controlling interest in the unit, which the company had been looking to divest since February last year. It sold most of its mobility and materials business to Celanese (CE.N) for $11 billion last year. However, it also suffered a setback last year as Chinese regulatory hurdles forced it to scrap the $5.2 billion acquisition of engineering materials maker Rogers (ROG.N).

Persons: Denis Balibouse, DuPont De, Rogers, Sourasis Bose, Pooja Desai Organizations: REUTERS, DuPont, DuPont De Nemours, Jordan, ED, Thomson Locations: Dupont, Geneva, Switzerland, Celanese, Bengaluru

☆ China's Honor stages India return with local manufacturing plans in early 2024
▼ + stars: | 2023-08-21 | by ( Indranil Sarkar | ) www.reuters.com time to read: +2 min

REUTERS/Nacho Doce/File Photo Acquire Licensing RightsBENGALURU, Aug 21 (Reuters) - Chinese smartphone brand Honor will relaunch in India through a licensing deal with a local company and is aiming to start domestic manufacturing by early next year, its country head told Reuters. Honor had stopped selling its smartphones in India and reportedly retreated last year amid limited marketing budget and less prudent portfolio management. It will launch three variants of Honor phones in India, with the mid-ranged Number series expected by September. The company, wholly owned by local shareholders, will make, sell and service Honor-branded smartphones in India. Honor Tech aims to capture a 5% share of India's smartphone market by sales volumes in 2024, with a revenue of at least 100 billion rupees ($1.20 billion), Sheth said.

Persons: Magic, Nacho, Neil Shah, Madhav Sheth, Realme, Sheth, Indranil Sarkar, Dhanya Skariachan, Dhanya Ann Thoppil Organizations: Congress, REUTERS, Rights, Reuters, Huawei Technologies, Counterpoint Research, Tech, Samsung Electronics, Vivo, Thomson Locations: Barcelona, Spain, India, Bengaluru

☆ Parents face the most expensive back-to-school season to date. Here's how to save on supplies, deal hunters say
▼ + stars: | 2023-08-21 | by ( Jessica Dickler | ) www.cnbc.com time to read: +4 min

Families with children in elementary through high school plan to spend an average of $890.07 on school supplies, $25 more than last year's record of $864.35, the NRF found. Already, credit card debt stands at more than $1 trillion, its own all-time high. Consumer finance expert Andrea Woroch recommends applying, if you qualify, for a new credit card with a sign-up bonus. watch nowThen use a cash-back site such as CouponCabin.com to earn money back on online purchases, including back-to-school supplies from Target, Walmart and Macy's. The experts at RetailMeNot recommend stacking discounts; for example, combining credit card rewards with store coupons and cash-back offers while leveraging free loyalty programs.

Persons: Philippe Huguen, Julie Ramhold, Ramhold, Andrea Woroch, Woroch Organizations: National Retail Federation, CNET, CNBC, Philippe, AFP, Getty, DealNews.com, Labor, Finance, Walmart Locations: New Jersey, Target

☆ Russia's Luna-25 moon-lander spun out of control and crashed, fumbling an attempt to become the first country to land on the lunar south pole. India is up next.
▼ + stars: | 2023-08-21 | by ( Associated Press | ) www.businessinsider.com time to read: +4 min

Russia's Luna-25 spacecraft crashed into the moon's surface, ending its mission. The country was racing India to be the first country to land a spacecraft on the lunar's south pole. The moon's south pole likely contains frozen water that could be used to produce air and rocket fuel. The Luna-25 was in a race with an Indian spacecraft launched on July 14 to be the first to reach the south pole. A previous Indian attempt to land at the south pole in 2019 ended when the spacecraft crashed into the moon's surface.

Persons: Russia's Luna, Roscosmos, Luna, Vitaly Egorov, Russia's, cosmonautics, Egorov, Vladimir Putin Organizations: Service, Russia's Soyuz, Space Corporation, Luna, Soviet Union, NASA, Vostochny Locations: India, Wall, Silicon, Indian, Russian, Soviet, Soviet Union, United States, China, Russia, Roscosmos, Ukraine, Russia's Far

☆ Goldman Sachs names 6 stocks set to beat 'intense competition' in the EV industry
▼ + stars: | 2023-08-21 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

The second comprises companies that tap opportunities leveraging new tech and business, said Goldman, naming stocks such as Panasonic, Toyota Industries and Hon Hai Precision Industry. Tesla : Goldman noted that Tesla is ramping up its in-house battery manufacturing capabilities — in addition to its partnerships with battery suppliers. Goldman gave Toyota a buy rating, and 12-month target price of 2,800 Japanese yen ($19.25), representing about 19% potential upside. Toyota Industries : Last year, Toyota Industries developed a bipolar nickel-metal hydride battery for hybrid vehicles. Goldman gave Toyota Industries a neutral rating, and 12-month target price of 9,200 Japanese yen, representing about 7% potential downside.

Persons: Price, Goldman Sachs, Goldman, Hon Hai, Hai, Tesla, BYD, — CNBC's Michael Bloom Organizations: BYD, Toyota Motor, Panasonic, Toyota Industries, Hai Precision Industry, ICT, New, Toyota, EV Locations: Chinese, New Taiwan, EVs

☆ Russia has lost more than 2,200 tanks in Ukraine, and it may be reaching the limit of its ability to 'rebuild' older ones
▼ + stars: | 2023-08-21 | by ( David Hambling | ) www.businessinsider.com time to read: +10 min

Russia has lost more than 2,200 main battle tanks since invading Ukraine in February last year. Russian storage depots are deep, but they don't have an unlimited supply of armor to throw into a new fight. In fact, Russia is rebuilding tanks rather than building them, and their capacity to do so may be reaching its limit. Russia has vast stockpiles of old tanks, from T-90s barely 20 years old to rusting T-62s from the 1960s. More importantly, Russia's supply of old tanks for rebuilding is showing signs of running down.

Persons: Alexander Zemlianichenko, Stalin, UVZ, Sergio Miller, Abrams, ANATOLII STEPANOV, Shoigu, Putin's, Dmitry Medvedev, OLGA MALTSEVA, Jakub Janovsky, Medvedev, Nobody, Putin, David Hambling Organizations: Service, Russia, Victory Day, AP, Stalin Ural Tank, British Army, Sierra Army, Omsk Transport Machine Factory, —, Getty, Defence, Moscow Times, Chelyabinsk Tractor Plant, Aviation, Forbes, The, New, Popular Mechanics, WIRED Locations: Russia, Ukraine, Wall, Silicon, AP Russia, Nizhny Tagil, Moscow, Stalin Ural, Doyle , California, Omsk, St Petersburg, Siberia, Venezuela, Vietnam, Nicaragua, Russian, Rostov, Izyum, AFP, OmskTransMash, Laos, St . Petersburg, Buryatia, Mongolia, Urals, USSR, Germany, Kremlin, London

☆ Aldi is getting bigger. Here's why the no-frills German grocer is looking to the Southern U.S. for growth
▼ + stars: | 2023-08-19 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +3 min

No-frills discounter Aldi is the latest grocer to shake up the industry with big moves. It's also had to race to keep up with competitors' online options, prompting Aldi to expand curbside pickup to more stores. But the deal has big implications for publicly traded competitors including Walmart and Kroger, as well as regional grocers. CNBC spoke to Jason Hart, the CEO of Aldi U.S., about why the company is doing the deal and how it sees Aldi fitting into a fast-changing grocery landscape. Why was Aldi interested in acquiring Winn-Dixie and Harveys Supermarket?

Persons: Kroger, Joe's, It's, Jason Hart, we've Organizations: Winn, Dixie, Southern, Aldi, Albertsons, Companies, Amazon, Walmart, Kroger, CNBC Locations: Southern U.S, Florida , Alabama, Georgia, Louisiana, Mississippi, Germany, Winn

☆ Russia's Luna-25 spacecraft suffers technical glitch in pre-landing maneuver
▼ + stars: | 2023-08-19 | by ( ) www.cnbc.com time to read: +3 min

Russia reported an "abnormal situation" Saturday on its moon-bound Luna-25 spacecraft, which launched earlier this month. The spacecraft is scheduled to land on the south pole of the moon on Monday, racing to land on Earth's satellite ahead of an Indian spacecraft. The lunar south pole is of particular interest to scientists, who believe the permanently shadowed polar craters may contain water. Also on Saturday, the Russian spacecraft produced its first results. A previous Indian attempt to land at the moon's south pole in 2019 ended when the lander crashed into the moon's surface.

Persons: Roscosmos, Luna, Russia's, Egorov, Vladimir Putin Organizations: 2.1b, Vostochny, Soviet Union, Baikonur Locations: Amur, Russia, Russian, Soviet, Soviet Union, United States, China, India, Ukraine, Kazakhstan

Samsung's 11-year-old investment in ASML has been hugely lucrative. Over the past decade, ASML shares have delivered a whopping 25% annualised return to its shareholders. It's part of Samsung's ambitious $230 billion commitment to bolster South Korea's semiconductor and high-tech sectors over the next 20 years. Moreover, Samsung's cash is probably held in overseas affiliates and subsidiaries across different jurisdictions; its annual report lists hundreds of entities abroad. That should help ease Samsung’s vexing cash bind, but the company may still need to come up with some creative funding choices.

Persons: Taiwan's TSMC, ASML, Antony Currie, Thomas Shum Organizations: Reuters, Samsung Electronics, Korean Economic, Intel, Samsung, HK, SFA Engineering, Apple, Korea Economic, Thomson Locations: HONG KONG, KS, ASML, United States, Korea

We are exiting our position in Halliburton (HAL) Friday, selling 1,400 shares at roughly $39.52 apiece. The extra cash raised from the Halliburton sale will set us up Monday to scoop up shares of those two names. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: Jim Cramer's, Jim, Halliburton —, we've, We've, Halliburton, DuPont, Stanley Black, Decker, Jim Cramer, Jamie Schwaberow Organizations: Halliburton, HAL, DuPont de Nemours, Oracle, DuPont, Coterra Energy, Natural Resources, West Texas, GE HealthCare, CNBC, Workers, Halliburton Co, Anadarko Petroleum Corp, Bloomberg, Getty Locations: Halliburton, oversold, Dacono , Colorado, U.S

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