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☆ China stocks see best week since 2008 on stimulus impact as most Asia markets rise
▼ + stars: | 2024-09-27 | by ( Lim Hui Jie | ) www.nbcnews.com time to read: +4 min

Chinese markets clocked their best week in almost 16 years as the mainland’s CSI 300 rallied 15.7% this week, buoyed by several economic stimulus measures by the central bank. The last time the index saw a bigger weekly gain was the week ending Nov. 14, 2008. Hong Kong’s Hang Seng index recorded a weekly gain of 12.75%, making it the index’s best week since February 1998, according to FactSet data. Tokyo’s headline inflation rate eased to 2.2%, down from August’s 2.6%. A slate of fresh U.S. economic data also supported the market’s gains, with weekly jobless claims falling more than expected, pointing to a steady labor market.

Persons: Hong, PBOC, Shigeru Ishiba, Sanae Takaichi, Korea’s Kospi, Australia’s, ’ Organizations: CSI, People’s Bank of China, Google, Shanghai Stock Exchange, Reuters, Japan’s Nikkei, of Japan, U.S ., Micron Technology, Nasdaq, Dow Jones Industrial Locations: China, Shanghai, Asia, Pacific, Tokyo, August’s, U.S

☆ EchoStar nears deal to sell Dish to DirecTV with $2 billion debt payment looming
▼ + stars: | 2024-09-27 | by ( Alex Sherman | In Alex-Sherman | ) www.cnbc.com time to read: +4 min

The combination of Dish and DirecTV has been rumored for years and nearly happened in 2002 until it collapsed under regulatory pressure. The prospect of a future EchoStar bankruptcy and deal approval from creditors make the completion of a deal complicated. EchoStar has a total enterprise value of about $31 billion and a market capitalization of about $7.6 billion. Dish ended its last quarter with 6.1 million satellite subscribers and 2 million customers for Sling TV, Dish's over-the-internet package of linear networks. DirecTV has also felt the pain, losing millions of subscribers since AT&T bought the company in 2015 for $67 billion with debt.

Persons: Charlie Ergen, EchoStar, MoffettNathanson's Craig Moffett, — CNBC's Lillian Rizzo Organizations: Dish Network, DirecTV, TPG, AT, Dish, Satellite, Netflix, Disney, Amazon Prime, Sling, T, CNBC, ESPN

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy investors think Cava can become the next ChipotleCava, the fast-casual Mediterranean chain known for its bowls and pitas, has had a massively successful year following its IPO in June 2023. It's revenue, same-store sales and transaction growth have all seen major increases in its second quarter in 2024. Some analysts predict it will follow predecessor and competitor, Chipotle's, path.

Locations: Cava

☆ PVH Corp: China threatens sanctions on Calvin Klein owner over Xinjiang cotton boycott
▼ + stars: | 2024-09-25 | by ( Juliana Liu | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Beijing says it’s investigating fashion retailer PVH Corp, the owner of Calvin Klein and Tommy Hilfiger, for refusing to source cotton from the Xinjiang region, in a move that could lead to sanctions on an American company with major business interests in China. The ministry said in a statement that New York-based PVH (PVH) is suspected of “violating normal market transaction principles” by boycotting cotton sourced from China’s far western region of Xinjiang. Being banned by China would deal a big blow to PVH, which, like other global fashion firms, sources extensively in the country. Western apparel brands have faced pressure in China over their position on Xinjiang cotton before. In March 2021, Swedish multinational H&M was pulled from major e-commerce stores in China and blocked by several major navigation, review and rating apps.

Persons: Hong Kong CNN —, Calvin Klein, Tommy Hilfiger, Biden, PVH, “, Joe Biden, …, ” Organizations: Hong Kong CNN, Hong Kong CNN — Beijing, PVH Corp, Commerce Ministry, CNN, Chinese Ministry of Commerce, US, State Department Locations: China, Hong Kong, Xinjiang, United States, York, “, Swedish

☆ Will Caroline Ellison get jail time for her role in the $11 billion FTX fraud scheme? Here's what the judge must weigh.
▼ + stars: | 2024-09-24 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +9 min

Read previewOn Tuesday, a judge will decide what sentence to give Caroline Ellison, who pleaded guilty to conspiring with Sam Bankman-Fried in an $11 billion fraud scheme. Ellison's sentencing sets up a high-stakes balancing test. She still participated in a massive fraud scheme, after all, the value of which he put at $11 billion. Ellison was the SBF trial's star witnessEllison pleaded guilty to fraud and money laundering for her role in the FTX scandal. Because the Bankman-Fried case went to trial, Kaplan has a lot of information at his disposal when deciding Ellison's sentence.

Persons: —, Caroline Ellison, Sam Bankman, Lewis Kaplan, Bankman, Fried, Ellison, Kaplan, FTX, cooperators, Sarah Krissoff, Cozen O'Connor, Joshua Naftalis, That's, Naftalis, Fried JANE ROSENBERG, John J, Ray III, Ryan Salame, Salame's, Gary Wang, Nishad Singh, Ellison's, Krissoff Organizations: Service, Business, Alameda Research, LLP, Prosecutors, Fried JANE ROSENBERG Prosecutors, Securities Exchange Commission, Commodity Futures Trading Commission, Government, MIT, Bankman Locations: Bankman, Manhattan, Alameda, New York, Brooklyn

☆ Blackstone and Vista Equity Partners to acquire software maker Smartsheet for $8.4 billion
▼ + stars: | 2024-09-24 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +1 min

Collaboration software maker Smartsheet announced Tuesday Blackstone and Vista Equity Partners will acquire it in an all-cash deal valuing the company at about $8.4 billion. Stockholders will receive $56.50 per share, a 41% premium to Smartsheet's average closing price over the last three months. The company went public in 2018 and sought to go head-to-head with other software companies like Atlassian. Qatalyst advised Smartsheet. Goldman Sachs and Morgan Stanley advised the private equity bidders.

Persons: Smartsheet, Blackstone, Mark Mader, Qatalyst, Goldman Sachs, Morgan Stanley Organizations: Blackstone, Vista Equity Partners

Annual fee Insider’s Take The Southwest Rapid Rewards® Premier Credit Card is worth considering if you fly Southwest, even occasionally. Southwest Rapid Rewards® Premier Credit Card OverviewThe Southwest Rapid Rewards® Premier Credit Card is the middle child of Chase's three Southwest consumer credit cards. Southwest Rapid Rewards® Plus Credit Card vs. Southwest Rapid Rewards® Premier Credit CardThe Southwest Rapid Rewards® Plus Credit Card is the "baby" card of the Southwest family. Southwest Rapid Rewards® Priority Credit Card vs. Southwest Rapid Rewards® Premier Credit CardThe Southwest Rapid Rewards® Priority Credit Card is Southwest's top-tier consumer credit card, and the option you should consider instead of the Southwest Premier if you frequently fly on this airline. The Southwest Rapid Rewards® Premier Credit Card has an "older sibling" — the Southwest Rapid Rewards® Priority Credit Card.

Persons: HBO Max, you'll, You'll, cardholders, Jasmin Baron, Read, Angela Fung Organizations: Business, Rewards, Card, Rapid, Southwest Premier, Southwest ®, Southwest, Southwest Premier cardholders, Apple, Disney, ESPN, HBO, Hulu, Netflix, Pandora, Paramount, Showtime, Spotify, YouTube, Southwest Premier Southwest, Central America, Rapid Rewards, Chase, Sapphire, Southwest Airlines, cardholders, TSA, Southwest Premier Chase, Finance Locations: Hawaii, Mexico, Caribbean, Central, Southwest airfare, Southwest, U.S, Chevron, Canada

☆ Americans are drowning in credit card debt. Trump’s proposed cap on interest rates probably won’t help
▼ + stars: | 2024-09-24 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +4 min

At $1.14 trillion, Americans’ credit card debt is at a record high, according to data from the Federal Reserve Bank of New York. “While working Americans catch up, we’re going to put a temporary cap on credit card interest rates,” Trump said at a rally last week. You may not be able to count on your credit card for purchasesThe average American has racked up $6,500 in credit card debt, according to Experian data from the third quarter of last year. The reason: Interest rates are how credit card companies manage the risk that a customer won’t pay their credit card bill on time. Your favorite credit card rewards could be jeopardizedEven if you don’t currently have any credit card debt and have a top-tier credit score, you could be left worse off from a 10% credit card fee cap.

Persons: New York CNN —, Donald Trump’s, ” Trump, Republican Sen, Josh Hawley, Sen, Bernie Sanders, Alexandria Ocasio, Matt Schulz, “, Schulz, Karoline Leavitt, ” Leavitt, Banks, Joe Biden’s, ” Schulz, ” Organizations: New, New York CNN, Federal Reserve Bank of New, Republican, CNN, Trump Locations: New York, Federal Reserve Bank of New York, Congress, Alexandria, Cortez

☆ U.S. Steel CEO defends planned sale to Japan's Nippon, believes deal will ‘close on its merits'
▼ + stars: | 2024-09-24 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

U.S. Steel CEO David Burritt on Tuesday defended the company's planned sale to Japan's Nippon Steel, expressing confidence that the deal will "close on its merits" despite President Joe Biden's vocal opposition. "We strongly believe the deal closes on its merits," Burritt said in an interview on CNBC's "Money Movers." "It strengthens national security, it strengthens economic security and it strengthens job security." CFIUS told Nippon that the sale could "lead to a reduction in domestic steel production capacity," according to a letter obtained by Reuters earlier this month. The committee said supply chains could be disrupted in sectors critical to national security such as transportation, infrastructure, construction and agriculture.

Persons: David Burritt, Joe Biden's, Burritt, Biden, Kamala Harris, Donald Trump, CFIUS Organizations: . Steel, Japan's Nippon Steel, Steel, NBC News, Nippon, U.S, Foreign Investment, Reuters Locations: American, Nippon North America, U.S, United States

☆ U.S. billionaire Dan Friedkin agrees to buy Premier League soccer club Everton
▼ + stars: | 2024-09-23 | by ( Matt Clinch | Matt Clinch Is A Deputy Digital News Editor For Cnbc. | ) www.nbcnews.com time to read: +2 min

LONDON — The investment group run by U.S. billionaire Dan Friedkin on Monday agreed to buy Everton F.C., potentially ending years of uncertainty for the struggling English Premier League soccer club. The deal is subject to subject to regulatory approval from the EPL, the Football Association, and Britain’s Financial Conduct Authority. Dan Friedkin, owner of AS Roma, celebrates with the Europe Conference League Trophy in 2022. The club currently sits 19th out of 20 teams in the EPL and is yet to win a game this season. Earlier this year, The Friedkin Group agreed to a deal in principle to buy Everton but pulled out of talks when it failed to reach an agreement.

Persons: Dan Friedkin, Friedkin, ”, Farhad Moshiri ., Moshiri, Silvia Lore, —, John Textor Organizations: Everton F.C, English Premier League soccer, Football Association, Authority, Everton, Bramley, AS Roma, Europe Conference League, Premier League, Partners, Friedkin, Italian Serie, Roma, Forbes Locations: ”, American, Italian

☆ How a U.S. crackdown on cheap Chinese imports could help Amazon but challenge Meta
▼ + stars: | 2024-09-23 | by ( Paulina Likos | ) www.cnbc.com time to read: +7 min

The White House wants to close a trade loophole exploited by Chinese discount e-retailers — a move that would have a ripple effect on at least two of our portfolio stocks: Amazon and Meta Platforms. The de minimis exemption has allowed Chinese e-commerce giants, particularly low-cost Temu and Shein, to flourish. Temu has risen in popularity in the U.S. for selling items directly from Chinese merchants at massive discounts. Temu is generally seen as a growing competitor to Amazon since its prices are often lower. Meta challenges On the other hand, the trade shift could present a challenge for Meta, which relies on advertising from e-commerce platforms.

Persons: Harris, hocking, Temu, it's, Jeff Marks, Shein, Meta, Jim Cramer's, Jim Cramer, Jim Organizations: Biden, Harris Administration, Amazon, Deutsche Bank, Deutsche Bank analysts, JPMorgan, Services, Meta, Management, CNBC, Getty Locations: U.S, China, Temu

☆ Behind the scenes at the Murdoch family's secret court fight
▼ + stars: | 2024-09-23 | by ( Peter Kafka | ) www.businessinsider.com time to read: +11 min

The biggest story in media right now has nothing to do with sexting. But recently, Rupert Murdoch has been trying to change those plans, and pass along full control to Lachlan Murdoch, who now has the CEO title at both News Corp and Fox. AdvertisementElisabeth Murdoch and her father, Rupert Murdoch, pictured in 2010. I think Lachlan would hope to figure out ways to keep on keeping on. Related storiesThroughout his career, Rupert Murdoch was always willing to sell assets he'd spent time and money acquiring.

Persons: Rupert Murodoch's, Murdoch, haven't, Rupert Murdoch's, Lachlan, James, Elisabeth, Prudence —, Rupert Murdoch, Lachlan Murdoch, David Folkenflik, Elisabeth Murdoch, Samir Hussein, he'd, didn't, I've, Rupert, Prudence Murdoch, Prudence MacLeod, Evan Agostini, It's, He's, it's, NPR's David Folkenflik, Gabriel Sherman, you've, Suzanne Scott, who've Organizations: Service, Fox News, Business, — News Corp, New York Post, Street Journal, Fox Corp, Fox, News Corp, HBO, Trump . Fox News, Disney, Sky News, Capitol, NPR, Nevada Supreme, Court, Corp, Old Media, Fair, NBC, Street Locations: Reno , Nevada, Nevada, Rupert's, Australia, Reno

☆ U.S. billionaire Dan Friedkin agrees to buy EPL soccer club Everton
▼ + stars: | 2024-09-23 | by ( Matt Clinch | ) www.cnbc.com time to read: +2 min

Seamus Coleman of Everton gives the team instructions during the Premier League match between Everton FC and Burnley FC at Goodison Park on April 06, 2024 in Liverpool, England. LONDON — The investment group run by U.S. billionaire Dan Friedkin on Monday agreed to buy Everton F.C., potentially ending years of uncertainty for the struggling English Premier League soccer club. A spokesperson for The Friedkin Group, a privately held consortium of businesses with Chairman and CEO Dan Friedkin at the helm, said it was "pleased to have reached an agreement to become custodians of this iconic football club." Last season, it was docked points for breaching Premier League financial rules. Earlier this year, The Friedkin Group agreed a deal in principle to buy Everton but pulled out of talks when it failed to reach an agreement.

Persons: Seamus Coleman, Dan Friedkin, Friedkin, Farhad Moshiri ., Moshiri, —, John Textor Organizations: Everton, Premier League, Everton FC, Burnley FC, Goodison Park, Everton F.C, English Premier League soccer, Football Association, Authority, Bramley, Partners, Friedkin, Italian Serie, Roma, Forbes Locations: Liverpool, England, American, Italian

☆ Motel 6 sold to Indian hotel operator Oyo for $525 million
▼ + stars: | 2024-09-21 | by ( ) www.cnbc.com time to read: +1 min

The budget motel chain Motel 6 is being acquired by the parent company of Oyo, a hotel operator based in India. The New York-based investment firm Blackstone , which owns Motel 6's parent company G6 Hospitality, announced Friday that the deal would be an all-cash transaction worth $525 million. The transaction will also include the sale of the Studio 6 motel brand, which caters to customers seeking extended stays. Oyo, which launched in India just over a decade ago, has been expanding its footprint in the U.S. over the past few years. Under the deal, Oravel Stays, which owns Oyo, will acquire G6 Hospitality.

Persons: Blackstone, Gautam Swaroop, Rob Harper, Oravel Organizations: The, Hospitality, Blackstone, Estate Asset Management Locations: Oyo, India, The New York, U.S

☆ The hottest AI startups are raising back-to-back funding rounds. Suddenly, it's feeling very 2021 in Silicon Valley for a chosen few.
▼ + stars: | 2024-09-20 | by ( Ben Bergman | Melia Russell | ) www.businessinsider.com time to read: +11 min

Read previewIn February, Glean announced a $200 million funding round valuing the AI enterprise software startup at $2.2 billion. AdvertisementThe transaction is the latest in a string of dizzying back-to-back funding rounds at ever-higher valuations for a handful of AI startups that stand in stark contrast to the doldrums of the overall market for startups. Earlier this year, Sakana raised $30 million in a seed funding round led by Lux Capital. Slingshot AI, which has built an automated mental health counselor, also raised separate rounds of funding just months apart. Advertisement"VCs are increasingly faced with frequent requests from their hot AI companies to follow on or double down on investments," said Iris Sun, an investor at 500 Global.

Persons: —, Glean, Arvind Jain's inbox, Jain, Steve Brotman, Perplexity, SoftBank, Sakana, Gregg Hill, that's, Matt Murphy, Dario Amodei, Kimberly White, Murphy, I'd, I've, Jenny Chang, Rodriguez, Jai Das, Rajeev Dham, couldn't, Das, Sapphire, Uber, Iris Sun, Chandrasekar Organizations: Service, Business, DST Global, Alpha Partners, Bloomberg, Google, New Enterprise Associates, Khosla Ventures, Lux Capital, Parkway Venture Capital, Menlo Ventures, Getty, Sapphire Ventures, Investments Locations: Tokyo

☆ Stocks making the biggest moves premarket: FedEx, Chewy, Trump Media and more
▼ + stars: | 2024-09-20 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Lennar — The homebuilding stock slipped 3% despite beating analysts' expectations for its fiscal third quarter. Trump Media & Technology Group — Shares traded nearly 5% lower as selling restrictions on former President Donald Trump and other early investors ended. PepsiCo — The snacks and beverage stock slipped 1% following a downgrade at Morgan Stanley to equal weight from overweight. ASML — Shares slipped 2% after Morgan Stanley downgraded the semiconductor manufacturer to equal weight from overweight. Aptiv — Shares of the automobile technology supplier rose more than 1% after an upgrade to overweight from equal weight at Wells Fargo.

Persons: John Donahue, Elliott Hill, Lennar, LSEG, Donald Trump, MillerKnoll, Tesla, Morgan Stanley, Lee Simpson, Piper Sandler, Chewy, Buddy Chester, CNBC's Michelle Fox, Sarah Min, Jesse Pound, Samantha Subin Organizations: Nike —, FedEx —, Trump Media & Technology, —, Constellation Energy, Microsoft, — Auto, Mercedes, General Motors, PepsiCo, Contessa Pharmaceuticals, Valero Energy Locations: China, Wells Fargo

☆ Stocks making the biggest moves midday: FedEx, Nike, Constellation Energy and more
▼ + stars: | 2024-09-20 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Constellation Energy – Shares surged more than 17% after the company announced plans to restart the Three Mile Island nuclear plant and sell that power to Microsoft to satisfy the energy needs of its data centers. ASML – The semiconductor stock slid 3.4% in the wake of a Morgan Stanley downgrade to equal weight from overweight. Morgan Stanley said the risk-to-reward ratio has been "balancing." Centessa Pharmaceuticals – The biotech stock rose more than 4% after Morgan Stanley upgraded it to overweight from equal weight. Valero Energy – The energy stock declined nearly 3% after a Piper Sandler downgrade to neutral from an overweight rating, citing "less room for outperformance."

Persons: Raj Subramaniam, Elliott Hill, John Danahoe, Eli Lilly's orforglipron, Eli Lilly, Vistra, it's, Donald Trump, Lennar, ASML, Morgan Stanley, Piper Sandler, Buddy Chester, Alex Harring, Brian Evans, Samantha Subin, Yun Li, Lisa Kailai Han, Jesse Pound, Michelle Fox Organizations: FedEx, Nike, Constellation Energy, Microsoft, Novo Nordisk –, Deutsche Bank, Corbus Pharmaceuticals, Novo Nordisk's, Viking Therapeutics, Vision, Trump Media & Technology, Pharmaceuticals, Valero Energy Locations: Novo, Texas

If you’re looking for how to get tickets to Mariah Carey's 2024 concert tour, then we’ve got you covered. How to buy tickets for Mariah Carey 2024 concert tourYou can buy original tickets for Mariah Carey’s 2024 Christmas tour and 2025 Las Vegas residency through Ticketmaster. Mariah Carey’s 2025 Las Vegas concert residency, The Celebration of Mimi, at the Dolby Live Theater permits all ages. Mariah Carey also offers VIP packages for her Christmas tour and The Celebration of Mimi 2025 Las Vegas residency. There are currently no international tour dates scheduled for Mariah Carey's 2024 tour.

Persons: Mariah Carey, Mariah Carey’s, Carey, “, Mariah Carey's, we’ve, Saint, Mimi, Christmas Organizations: Business, Las Vegas, Las, Dolby, AZ, Ticketmaster, Vivid Locations: North America, Las Vegas, Highland , California, Brooklyn , New York, Highland, Hollywood, CA, Phoenix, Austin, Houston, Dallas, Atlanta, Nashville, TN, Rosemont, IL, Saint Louis, Washington, Philadelphia, Boston, Baltimore, Raleigh, NC, Pittsburgh, Newark, NJ, Park, NY, Brooklyn, Vegas, Phoenix , AZ, Raleigh , NC, Brooklyn , NY, StubHub, Belmont Park, , CA

While school meal prices vary throughout the country, a survey conducted by the School Nutrition Association, a trade organization, found that lunches typically cost about $2.83 for elementary school students, $3 for middle school students and $3.05 for high school students. The prices mean that the $100 million in transaction fees could have bought another 33 million or so school lunches or over 55 million school breakfasts. “Junk fees on school lunch should not exist. A handful of states have made universal school meals permanent, but most have returned to the pre-pandemic format. “School lunch should always be free, and definitely free of judgment,” Fetterman said at the hearing on Wednesday.

Persons: Tom Vilsack, Sen, Elizabeth Warren, “, ”, Bernie Sanders, ” Warren, NBC News . Sen, John Fetterman, Warren, Sanders, Fetterman, Bob Casey, Debbie Stabenow, Sherrod Brown, Raphael Warnock of, Brian Schatz, —, Marisa Kirk, Epstein, ” Fetterman Organizations: Agriculture Department, NBC News, Consumer Financial Protection Bureau, School Nutrition Association, NBC News ., USDA, NBC, Sens, Supplemental, Assistance, SNAP Locations: Vermont, Pennsylvania, Michigan, Ohio, Raphael Warnock of Georgia, Hawaii, Vilsack

☆ What buying Commerzbank would mean for UniCredit — and the banking sector
▼ + stars: | 2024-09-19 | by ( April Roach | ) www.cnbc.com time to read: +7 min

Last week, UniCredit announced it had taken a 9% stake in Commerzbank, confirming that half of this shareholding was acquired from the government. Commerzbank shares jumped 20% on the day UniCredit's stake was announced. A cross-border styled merger between UniCredit and Commerzbank would be more preferential than a domestic merger between Deutsche Bank and Commerzbank, according to Reint Gropp, president of the Hall Institute for Economic Research. "The German banking structure is long overdue for a consolidation process. The German bank also has less excess capital than UniCredit and therefore "cannot really afford" a takeover, Alloatti said.

Persons: Kirill Kudryavtsev, UniCredit, Andrea Orcel, Commerzbank, Orcel, Ignacio Cerezo, Berenberg, David Benamou, Benamou, CNBC's, Arnaud Journois, Journois, Emmanuel Macron, Reint Gropp, Gropp, Filippo Alloatti, Hermes, Alloatti, We've Organizations: Afp, Getty, Bloomberg, Reuters, UniCredit, Wednesday, UBS, Investments, European, Morningstar, Commerzbank, Analysts, CNBC, Deutsche Bank, Hall Institute for Economic Research, Will Deutsche Bank, ABN Amro Locations: Frankfurt, Germany, Commerzbank, Berlin, Italian, U.S, Europe, UniCredit, Italy

☆ Trump faces a $2 billion decision over his social media empire
▼ + stars: | 2024-09-19 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

The restraints preventing former President Donald Trump from selling shares in his social media company are set to expire as soon as Thursday afternoon. This will free Trump – and other insiders at Trump Media & Technology Group – to sell shares in the controversial company that owns Truth Social if they wish. It’s a major moment for Trump Media, whose share price has fallen dramatically since going public in March. No, I love it.” Those comments sent Trump Media’s share price skyrocketing, for a few hours at least. Lock-up restrictions like the ones facing Trump are typical in deals like the one that brought Trump Media public last spring.

Persons: Donald Trump, It’s, Trump, ”, Michael Stegemoller, ” ‘, ’, Steve Jobs, I’m, ” Trump, – Andy Litinsky, Wes Moss –, Moss, –, Carl Icahn, Icahn, Xavier Kowalski, Schulte Roth, Zabel, “ Organizations: Washington CNN, Trump, Trump Media & Technology, Trump Media, Baylor University, “, ’ Trump Media, Apple, Securities, Exchange Commission, Trump Media’s, NBC, CNN, SEC, University of Florida

Santana’s 2024 Las Vegas residency begins on October 30 and continues for another seven performances through November 10. Date City StubHub prices Vivid Seats prices Time October 30, 2024 Las Vegas, Nevada $82 $85 7 p.m. October 31, 2024 Las Vegas, Nevada $72 $77 7 p.m. November 2, 2024 Las Vegas, Nevada $111 $113 7 p.m. November 3, 2024 Las Vegas, Nevada $110 $113 7 p.m. November 6, 2024 Las Vegas, Nevada $88 $94 7 p.m. November 7, 2024 Las Vegas, Nevada $104 $115 7 p.m. November 9, 2024 Las Vegas, Nevada $110 $116 7 p.m. November 10, 2024 Las Vegas, Nevada $110 $129 7 p.m. How to buy tickets for Santana 2024 concert tourYou can buy original tickets to see Santana’s 2024 concert tour through Live Nation. Ticket prices for Santana's Las Vegas concerts are reasonable compared to similar acts with residencies in the city. While Santana's House of Blues Las Vegas residency isn't offering any VIP tickets, there are VIP add-ons and extras available.

Persons: Santana, Carlos Santana, we’ve, Maria Maria, group's, they'll, there's Organizations: Business, Blues Las Vegas, Blues Las, Blues, Las, Santana, Mandalay, Santana's Las, Vivid, Santana's, Blues Foundation, showtime Locations: Vegas, Mandalay Bay, Las Vegas, Mandalay, Vegas , Nevada, Santana's Las Vegas, Blues Las Vegas, Las Vegas , Nevada

☆ Stocks making the biggest moves after hours: Nike, FedEx, Lennar and more
▼ + stars: | 2024-09-19 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Check out the companies making headlines in extended trading: Nike — Shares soared 10%. Nike veteran Elliott Hill, who had been at the company for 32 years before retiring in 2020, will take the helm. FedEx reported adjusted earnings per share of $3.60 on revenue of $21.58 billion, while analysts polled by LSEG were looking for $4.76 per share in earnings and $21.93 billion of revenue. MillerKnoll reported adjusted earnings per share of 36 cents on revenue of $861.5 million. Lennar reported earnings of $4.26 per share on revenue of $9.42 billion.

Persons: John Donahoe, Elliott Hill, LSEG, MillerKnoll, Lennar, Chewy, Buddy Chester, — Organizations: Nike —, Nike, FedEx —, FedEx, FactSet, Buddy Chester Sub LLC, BC Partners

☆ I quit Amazon after I cracked the code for promotions. It took me 14 years to become a principal engineer — here's how.
▼ + stars: | 2024-09-19 | by ( Tess Martinelli | ) www.businessinsider.com time to read: +8 min

After multiple swift promotions that led me to become a senior software engineer by 2012, I found myself in a career rut. He knew of a job opening at Amazon for a support engineer role and guaranteed me he could snag me an interview. I slowly networked my way into monthly software engineer meetings and steadily expanded my frontier of exposure within the group. Then I asked my new software engineer friends to give me mock interviews. I miss writing code.

Persons: —, Steve Huynh, there's, didn't, I'd, Tess Martinelli Organizations: Service, Business, University of Washington, Amazon, Software, Ticketmaster, YouTube, Big Tech Locations: Seattle , Washington, tmartinelli

☆ German media empire Axel Springer to split in deal with KKR
▼ + stars: | 2024-09-19 | by ( ) www.cnbc.com time to read: +3 min

Passers-by walk in front of the main entrance to the Axel Springer high-rise. The two sides had reached a deal in the summer to split Axel Springer, a source told Reuters on Saturday. KKR and its partner CPP Investments currently hold a 35.6% and 12.9% stake in Axel Springer, respectively, while Doepfner and Friede Springer hold 21.9% and 22.5%. Axel Springer had been preparing to float Stepstone but the planned initial public offering was shelved when war broke out in Ukraine in 2022. KKR and CPP Investments are now likely to target an IPO in the second half of 2025, according to an industry source.

Persons: Axel Springer, Mathias Doepfner, Axel Springer's, Springer, Friede Springer, Axel's, Doepfner, Friede Organizations: Politico, KKR, Reuters, Investments, Friede Springer, Springer Locations: Hamburg, North America, Aviv, Ukraine

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