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☆ Tyre Nichols: After his fatal beating ignited rage, Memphis streets remained calm despite warnings
▼ + stars: | 2023-01-29 | by ( Haven Orecchio-Egresitz | ) www.businessinsider.com time to read: +12 min

Some residents told Insider they hunkered down all of Saturday expecting the worst. "It could have been me," he told Insider, asking only to be identified by his first name in fear of his job. Demonstrators protest in Memphis on Jan. 28, 2023 following the release of video showing the deadly encounter between Tyre Nichols and police. Demonstrators protest in Memphis on Jan. 28, 2023 following the release of video showing the deadly encounter between Tyre Nichols and police. Demonstrators protest in Memphis on Jan. 28, 2023 following the release of video showing the deadly encounter between Tyre Nichols and police.

☆ PACCAR beats earnings estimates on strong demand for trucks
▼ + stars: | 2023-01-24 | by ( ) www.reuters.com time to read: +1 min

Jan 24 (Reuters) - PACCAR Inc (PCAR.O) beat market expectations for fourth-quarter earnings on Tuesday, aided by strong demand for its trucks from customers looking to replace ageing fleets. Rising e-commerce deliveries and a focus on bolstering logistics networks have driven demand for long-haul trucks, bolstering sales for companies such as PACCAR. "Good freight markets and an increased fleet age are driving strong demand...," PACCAR Vice President Darrin Siver said. Last week, logistics giant JB Hunt Transport Services (JBHT.O) also gave an upbeat forecast for the freight market this year. PACCAR said on Tuesday that U.S. and Canada Class 8 truck industry retail sales are estimated to be in the range of 270,000 and 310,000 trucks for 2023.

☆ Inside Ken Griffin's rise to one of Wall Street's most powerful people, and why politics could be next
▼ + stars: | 2023-01-23 | by ( Dakin Campbell | ) www.businessinsider.com time to read: +30 min

JB and I are not on speaking terms these days," said Ken Griffin, the billionaire hedge-fund manager, referring to JB Pritzker, the Democratic governor of Illinois. As Florida rolled back pandemic restrictions more quickly than Chicago, even more Citadel employees migrated south. Ken Griffin's hedge fund has had a run of eye-popping returns since 2020. Others worry that it gives Griffin's hedge fund an unfair advantage. Hundreds of Citadel employees, partners, and families gathered at the Orange County Convention Center in Orlando Florida.

☆ Illinois Governor JB Pritzker: Crime is coming down gradually in the city and it's getting better
▼ + stars: | 2023-01-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIllinois Governor JB Pritzker: Crime is coming down gradually in the city and it's getting betterIllinois Governor JB Pritzker joins 'Squawk Box' to discuss Ken Griffen's decision to move out of Illinois, Pritzker's plan for recruiting corporations, and more.

☆ Morning Bid: Japan hesitates
▼ + stars: | 2023-01-18 | by ( ) www.reuters.com time to read: +4 min

Judging by Wednesday's reaction, world markets reckon Japan will eventually abandon its ultra-loose monetary policy despite a stubborn doubling down this week - and overseas ructions may be less than feared. But after some wild gyrations on the initial announcement, the market reaction was rather muted on balance. Japan's Nikkei (.N225) ended 2.5% higher, but it closed before the yen rebound in European hours. The release of December U.S. producer price, retail sales and industrial production numbers later on Wednesday now takes centre stage. U.S. Treasury auctions 20-year bonds* Bank of Japan policy decision.

☆ Investing Club: The week in review, the week ahead — Jan. 14, 2023
▼ + stars: | 2023-01-14 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

Also, earnings season is just kicking off, when we'll learn much more about what companies are seeing on the ground. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. People shop at the Pioneer Supermarkets on January 12, 2023 in the Flatbush neighborhood of Brooklyn borough in New York City.

☆ Here are Wednesday's biggest analyst calls: Apple, Tesla, Rivian, Target, Microsoft, Etsy & more
▼ + stars: | 2023-01-04 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are the biggest calls on Wall Street on Monday: UBS downgrades Microsoft to neutral from buy UBS said in its downgrade of the stock that it's concerned about Microsoft Office risks. Wells Fargo downgrades Target to equal weight from overweight Wells said in its downgrade of the stock that it sees too much 2023 uncertainty. " UBS downgrades JB Hunt to neutral from buy UBS said in its downgrade of the shipping company that it sees volume and pricing risk. UBS downgrades Honeywell to sell from buy UBS said in its downgrade of the stock that the multiple is "inflated." UBS reiterates Amazon as buy UBS lowered its price target on the e-commerce giant to $125 per share from $165 but says it's standing by the stock.

Some 19 of the 50 U.S. states have now at least partially blocked access on government computers to TikTok, which is owned by Beijing-based ByteDance Ltd. Jamf Holding Corp (JAMF.O), which sells software to organizations to enable filtering and security measures on iPhones and other Apple (AAPL.O) devices, said its government customers have increasingly blocked access to TikTok since the middle of this year. TikTok on Monday reiterated a statement, saying the company was "disappointed that so many states are jumping on the political bandwagon to enact policies based on unfounded falsehoods about TikTok that will do nothing to advance the national security of the United States." West Virginia State Auditor JB McCuskey said he did the same for his agency. U.S. officials and TikTok have been in talks for months about a national security pact that would address the concerns about China's access to data on TikTok's more than 100 million U.S. users.

☆ Elon Musk's former right-hand man is taking the next big step in his plan to make EVs cheaper by recycling old batteries
▼ + stars: | 2022-12-14 | by ( Alexa St. John | ) www.businessinsider.com time to read: +3 min

The EV battery recycling giant just announced a new plant in South Carolina. The plant will help carmakers get the materials they need to make EV batteries. With more and more demand for the materials to make these things, taking advantage of recycling can ease a supply crunch and eventually drive down costs. "The goal is to make the most sustainable battery materials," said Jackson Switzer, Redwood senior director of business development and one of Insider's 100 People Transforming Business. "To make the most sustainable battery materials, we need to get as much recycled nickel, cobalt, and lithium as we can into the front end of the system.

☆ Elon Musk slams Tesla founder Martin Eberhard in response to a tweet about the company's origin: He 'could have risked his money, but was unwilling to do so'
▼ + stars: | 2022-11-28 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Eberhard once sued Musk, alleging libel because Musk said he's a Tesla founder. Eberhard told Insider that Musk's comments on Tesla's history were "typical" of the billionaire. "Not one sentence of that tweet is true," Eberhard told Insider. In 2009, Eberhard sued Musk, alleging libel and slander because Musk started calling himself Tesla's founder. "I was thinking that I should do what every guy does and buy a sports car," Eberhard told Insider in 2014.

☆ Here's why the Fed may have won already but is still acting like nothing has improved
▼ + stars: | 2022-11-20 | by ( Jim Cramer | ) www.cnbc.com time to read: +9 min

We can bet that they will be one-upping each other about how high they want to take fed funds, the overnight bank lending rate. They seem to want to ignore anything that's succeeded since the Fed's rate increase cycle began back in March. I think that, again, if the Fed were to wait through Christmas they would see the layoffs and the corporate failures. One thing that's for certain, the buyers of the 2-year may be more sensitive to the data than the Fed. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Panasonic and Redwood Materials strike multibillion-dollar battery component deal for U.S. production
▼ + stars: | 2022-11-15 | by ( Phil Lebeau | ) www.cnbc.com time to read: +2 min

Panasonic Energy of North America , the largest supplier of battery cells for electric vehicles in the U.S., has struck a deal with Nevada-based battery recycling company Redwood Materials to buy a key material for the production of batteries. Right now, Panasonic imports almost all of the cathode material used in the production of battery cells at its plant in Sparks, Nevada. The new Panasonic facility will use high-nickel cathode supplied by Redwood materials when production starts in 2025. For Straubel, the agreement with Panasonic Energy is further validation of his vision for Redwood Materials. By 2030, the company expects to produce anode and cathode materials annually to power five million electric vehicles.

☆ Mehmet Oz and 15 other candidates together spent over $223 million of their own money — and lost their 2022 midterm races anyway
▼ + stars: | 2022-11-14 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

Mehmet Oz spent nearly $27 million on his failed US Senate run. According to an Insider review of federal and state campaign spending, 16 out of the 22 top-spending candidates in the midterm elections lost their races. Combined, the 16 also-rans spent over $223 million of their own money — just over half of the nearly $443 the top self-funding candidates spent this cycle. They are Rep. David Trone of Maryland (roughly $12.6 million); Gov. Read Insider's entire list of the 22 largest self-funders in the 2022 midterm elections.

☆ Live Results: Illinois votes in congressional and state elections
▼ + stars: | 2022-11-08 | by ( Walt Hickey | ) www.businessinsider.com time to read: +1 min

Polls close in the state at 7 p.m. local time, or 8 p.m. EST. It symobilizes the 2022 Election. Election 2022 Illinois Results Explore more election results Alaska Arizona California Colorado Connecticut Florida Georgia Illinois Indiana Iowa Kansas Maine Maryland Massachusetts Michigan Minnesota Nevada New Hampshire New Mexico New York North Carolina Ohio Oregon Pennsylvania Rhode Island Texas Virginia Washington Wisconsin (3 Districts) Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Lastly, the state will vote on Amendment 1, which would establish a right to form a union. Polls close in the state at 7 p.m. local time, or 8 p.m. EST.

☆ 22 candidates have together pumped more than $435 million (and counting) of their own money into 2022 midterm races
▼ + stars: | 2022-11-02 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +2 min

Together, 22 self-funding candidates have spent more than the GDP of some small countries. JB Pritzker, a hotel heir, easily leads the group, followed by US Senate candidate Mehmet Oz. A hotel heir, a former TV doctor, a construction magnate, a former US ambassador, and the sons of two top-tier professional sports owners. Put another way: self-funding candidates have spent more money than the nation of Palau's most recent GDP or just enough to buy Colorado's Major League Soccer team. An heir to the Hyatt hotel fortune, the incumbent Democrat has spent over $152 million on his 2022 reelection campaign alone.

☆ Ohio Democratic Senate nominee Tim Ryan questions why the national party hasn't invested in his race, says they 'have been known not to make very good strategic decisions'
▼ + stars: | 2022-10-22 | by ( John L. Dorman | ) www.businessinsider.com time to read: +5 min

Tim Ryan questioned why national Democrats haven't gotten involved in his Ohio Senate race. "National Democrats have been known not to make very good strategic decisions over the years," Ryan told The Post. Ohio Republican Senate candidate JD Vance speaks to reporters following a GOP debate at Central State University in Wilberforce, Ohio, on March 28, 2022. In his interview with The Post, Ryan openly pondered why Democratic Party leaders "don't smell blood" in taking down Vance, a former venture capitalist who wrote the bestselling memoir "Hillbilly Elegy." "We're going to continue making strategic, effective decisions that put us in the best position possible to accomplish our mission: defending our Democratic Senate majority," he told the newspaper.

☆ Stocks making the biggest moves premarket: Procter & Gamble, Travelers, Nasdaq and more
▼ + stars: | 2022-10-19 | by ( Peter Schacknow | ) www.cnbc.com time to read: +3 min

Travelers (TRV) – Travelers added 1% in premarket trading after beating top and bottom line estimates for its latest quarter. Nasdaq (NDAQ) – Nasdaq gained 1.5% in premarket action after reporting better-than-expected profit and revenue for the third quarter. Netflix (NFLX) – Netflix surged 12.2% in premarket trading after reporting it added 2.4 million subscribers during its latest quarter. United Airlines (UAL) – United Airlines jumped 5.3% in premarket trading after reporting better-than-expected quarterly results and issuing an upbeat earnings forecast for the current quarter amid a continued surge in travel demand. ASML (ASML) – ASML reported better-than-expected quarterly sales and profit, as the semiconductor manufacturing equipment maker managed to thrive despite an overall industry slowdown.

☆ Earnings aren't yet painting anything like a picture of an apocalyptic profit slowdown
▼ + stars: | 2022-10-19 | by ( Bob Pisani | ) www.cnbc.com time to read: +2 min

With north of 50 companies reporting so far, third quarter earnings (and fourth quarter guidance) have not turned into the apocalypse that was feared when FedEx slashed earnings expectations on Sept. 15. Since then, however, many companies have reported, and while overall earnings are inching lower and guidance is cautious, they are not being slashed. In the last 24 hours, Netflix, United Airlines, JB Hunt, Procter & Gamble and Travelers have all reported earnings above expectations. A beat, but slightly lower guidance? As it was with the last quarter, Prologis and the REITs are starting to rally: it's up 6% in the last few days.

☆ What Cramer is watching Wednesday — Netflix's big rebound, PG beats on earnings
▼ + stars: | 2022-10-19 | by ( Jim Cramer | ) www.cnbc.com time to read: +3 min

Deutsche Bank upgrades NFLX to buy with a price target of $350, up from $270, sees more levers to drive growth. Microsoft (MSFT) price target lowered to $282 from $300 at Citi — estimates still too high ... ServiceNow (NOW) — expect disappointment according Citi analyst's "cautious" conversations with partners … lowered price target to $488 from $575. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ Investing Club: The week in review, the week ahead — Oct. 14, 2022
▼ + stars: | 2022-10-14 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

Club trades for the week Monday Bought 20 shares of Constellation Brands (STZ); Trust owns 390 shares of STZ. On Wednesday, the September producer price index was reported to have risen 0.4% monthly, double the expectation. On Thursday, the September consumer price index was also reported to have increased 0.4% monthly, above the expectation for a 0.3% increase. Excluding automobile sales, sales were up 0.1% slightly ahead of the expectations. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ The idea of Jeff Bezos 'scared' me away from trying to buy the Phoenix Suns, says Shaquille O'Neal
▼ + stars: | 2022-10-04 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +1 min

The idea of bidding against the second-richest person in the world is understandably intimidating, even if you're legendary former NBA big man Shaquille O'Neal. O'Neal, a 7-foot-1 Hall of Famer, says Bezos' massive net worth "scared" him away from his plans to make a bid for ownership of the NBA's Phoenix Suns. "Nobody on this planet can compete with Big Man JB," O'Neal told TMZ Sports on Saturday, referring to Bezos, adding: "Because you know what? Bezos is one of multiple billionaires reportedly considering a bid for the Suns, according to ESPN. The Suns franchise is currently worth $1.8 billion, and could reportedly sell for at least $2.5 billion, according to a recent Forbes report.

☆ Dollar towering, stocks cowering as Fed hikes higher
▼ + stars: | 2022-09-22 | by ( Tom Westbrook | ) www.reuters.com time to read: +4 min

read moreS&P 500 futures were down 0.6% and the dollar was flying in early trade. The dollar index hit a 20-year high of 111.65 and the greenback's strength sent the Aussie, kiwi and Canadian dollars down to fresh multi-year lows. The Fed raised rates sharply, by 75 basis points, on Wednesday - the third such rise in a row. The yen is down about 20% on the dollar this year and at 144.29 per dollar is near a 24-year low. The U.S. dollar index hit a 20-year peak of 111.63 in the wake of the Fed hike.

So how are politicians spending election night in the time of coronavirus? Others will be drinking beer and flipping channels between old movies and election results. That announcement helped kickstart a 36-day saga that finally ended with Bush winning the presidential election. There, she's having an election night party that's being live-streamed. "It's the ultimate easy comfort food for an election night that will be filled with a lot of anxiety early on, and hopefully a lot of joy later on."

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