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☆ Move over Nike — Jim Cramer says Deckers and 3 others companies are 'taking share'
▼ + stars: | 2024-04-01 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

CNBC's Jim Cramer on Monday highlighted a group of shoe companies challenging Nike 's position in the market, following positive Wall Street research that pointed to multiple catalysts to propel the brands forward. Cramer discussed Hoka with Deckers then-CEO on "Mad Money" in 2014 , only a few years after Deckers acquired the brand . Still, the day after Nike issued its guidance, Cramer suggested Nike was not a king "anymore." 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 .

Persons: CNBC's Jim Cramer, Cramer, Roger Federer, Hoka, Nike's, Jim Cramer's, Nike, Jim Cramer, Jim Organizations: Nike, Barclays, Skechers, Jim Cramer's Charitable Trust, CNBC Locations: Skechers USA, Switzerland, U.S, China

☆ Serbia's Vucic Nominates Ally Vucevic as Prime Minister Designate
▼ + stars: | 2024-03-30 | by ( March | At P.M. | ) www.usnews.com time to read: +1 min

BELGRADE (Reuters) - Serbian President Aleksandar Vucic on Saturday nominated his close ally Milos Vucevic to be prime minister and to lead a new government through a time of war in Europe and tensions with Kosovo. The nomination comes more than three months after their party, the Serbian Progressive Party (SNS), won the most votes in a national election on Dec. 17. Vucevic took over leadership of the party after Vucic stepped down last year. "I propose to parliament Milos Vucevic as candidate for prime minister of Serbia," Vucic wrote on Instagram. A lawyer by profession, Vucevic was deputy prime minister and defence minister in the government of his predecessor Ana Brnabic.

Persons: Aleksandar Vucic, Milos Vucevic, Vucevic, Vucic, Ana Brnabic, Ivana Sekularac, Giles Elgood Organizations: BELGRADE, Reuters, Serbian Progressive Party, SNS, Socialists, Hungarians, European Union, EU, United Nations, Moscow Locations: Serbian, Europe, Kosovo, Serbia, Russia, China, Ukraine

☆ Sailor’s Remains Identified 82 Years After Pearl Harbor
▼ + stars: | 2024-03-29 | by ( Lola Fadulu | ) www.nytimes.com time to read: +1 min

California, the flagship of the Navy’s Pacific Fleet, was moored on “battleship row” at Pearl Harbor when it was struck by Japanese torpedoes and bombs. The ship caught fire, flooded and sank over the course of three days, and 103 crew members were killed. Officials were initially unable to identify all of the victims and the remains of 25 “unknowns” were buried in Hawaii. Accounting Agency, or D.P.A.A., an arm of the Pentagon whose mission is to find and return missing military personnel. “It’s a promise fulfilled to the service member,” he said, adding that “we also owe it to the families to give them answers.”

Persons: David Walker, ”, Sean Everette, “ Organizations: Navy’s, Defense, Accounting Agency, Pentagon Locations: . California, Pearl, Hawaii, Norfolk, Va

☆ Best Buy offers to screen LGBTQ nonprofit donations after conservative pressure, filing shows
▼ + stars: | 2024-03-29 | by ( Matt Lavietes | Brooke Sopelsa | ) www.cnbc.com time to read: +9 min

"Best Buy has partnerships with and contributes to organizations and activists that promote the practice of gender transition surgeries on minors and evangelize gender theory to minors. Why are Best Buy shareholders funding the proliferation of an ideology seeking to mutilate the reproductive organs of children before they finish puberty?" "This contentious and vast disagreement between radical gender theory activists and the general public has nothing to do with Best Buy selling electronics." "Were Best Buy to agree to such a compromise with us, we will not make a splash about it." In an email on Friday, GLAAD, one of the LGBTQ nonprofits mentioned in the SEC filing, expressed its displeasure with Best Buy.

Persons: hasn't, Carly Charlson, NCPPR, —, Ethan Peck, Peck, Marina Rizzo, Rizzo, we're, Bud Light, Bud Light's, influencer Dylan Mulvaney, Sarah Kate Ellis Organizations: Securities and Exchange Commission, SEC, National Center for Public Policy Research, Best, HRC, NCPPR's Free Enterprise Institute, SAGE, GLAAD, Rights, PRIDE, NBC, Anheuser, Busch Inbev Locations: States

☆ VP Harris announces new requirements for how federal agencies use AI technology
▼ + stars: | 2024-03-28 | by ( Brian Fung | Sam Fossum | ) edition.cnn.com time to read: +5 min

On Thursday, Vice President Kamala Harris announced a set of new, binding requirements for US agencies intended to prevent AI from being used in discriminatory ways. Under the requirements taking effect on Dec. 1, agencies using AI tools will have to verify they do not endanger the rights and safety of the American people. The new policy from the Office of Management and Budget (OMB) also directs federal agencies to designate a chief AI officer to oversee how each agency uses the technology. She said the Biden administration intends for the policies to serve as a global model. Still, the new OMB policy marks the latest step by the Biden administration to shape the AI industry.

Persons: That’s, Biden, Kamala Harris, ” Harris, Shalanda Young, “, ” Young, ” Organizations: Washington CNN, Transportation, Administration, Management, Budget, “, Department of Homeland Security, Commerce Department, White House, Government, Office, OMB Locations: European Union, United States

☆ Seoul bus drivers strike over pay, snarling commute in South Korean capital
▼ + stars: | 2024-03-28 | by ( ) www.cnbc.com time to read: +1 min

A commuter bus drives along a road in the Jongno district of Seoul on Dec. 4, 2023. Bus drivers in the South Korean capital of Seoul went on strike on Thursday after last ditch efforts at negotiating a wage hike broke down, snarling the commute for the city of more than 9 million people and another million from the outskirts. With disruptions expected during rush hours, the Seoul Metropolitan Government said the subway will run for extended hours with additional trains put into service. The full scale strike by the city's bus drivers is the first in 12 years. The negotiations between the Seoul Bus Labor Union, which represents drivers serving 97% of bus operations, and their employers failed after the union demand for a 12.7% hike in hourly wages was dismissed as "excessive," Yonhap reported.

Persons: Yonhap Organizations: Bus, Seoul Metropolitan Government, Seoul Bus Labor Union Locations: Jongno, Seoul

☆ Minnesota Timberwolves sale to Alex Rodriguez and Marc Lore falls apart
▼ + stars: | 2024-03-28 | by ( Jessica Golden | ) www.cnbc.com time to read: +3 min

Co-owners Alex Rodriguez, right, and Marc Lore of the Minnesota Timberwolves during a game against the Los Angeles Lakers at Target Center Minneapolis, Minnesota, on Dec. 30, 2023. The National Basketball Association's Minnesota Timberwolves and the Women's National Basketball Association's Lynx are no longer for sale after a deal with former baseball great Alex Rodriguez and businessman Marc Lore fell apart, the teams' owner Glen Taylor said Thursday. In a statement to CNBC, Lore and Rodriguez said they are disappointed with Taylor's comments. However, those circumstances did not occur," Taylor's statement said. Some reports suggest that the relationship among Taylor, Lore and Rodriguez became strained since the original deal was made.

Persons: Alex Rodriguez, Marc Lore, Glen Taylor, Rodriguez, Marc, Alex, Taylor, Lore, Taylor's, Glen, Axios Organizations: Minnesota Timberwolves, Los Angeles Lakers, Target Center, Basketball Association's Minnesota Timberwolves, Women's, Basketball, Timberwolves, Lynx, CNBC, NBA, Carlyle Group, Western Conference Locations: Target Center Minneapolis , Minnesota

☆ Russia knew of Moscow terrorist attack plot weeks ago, Ukraine's military spy chief says
▼ + stars: | 2024-03-28 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +5 min

Law enforcement officers stand guard near the Crocus City Hall concert venue following a reported shooting incident, near Moscow, Russia. Chief of the Military Intelligence of Ukraine, Kyrylo Budanov, attends the Kyiv Stratcom Forum 2024 in Kyiv, Ukraine, on March 27, 2024. Nurphoto | Nurphoto | Getty ImagesThe Islamic State (IS) militant group claimed it was behind the Moscow attack last Friday in which 143 died. Global Images Ukraine | Getty Images News | Getty ImagesBudanov claimed Russia knew where the combat groups would come from, and which countries the attackers would travel through to reach Russia. The damaged Crocus City Hall concert venue near Moscow, Russia, following an attack by gunmen.

Persons: Maksim Blinov, Budanov, Ukrinform, Kyrylo Budanov, Putin, Dmytro Kotsiubailo, Vladimir Putin, Alexander Bortnikov, Nikolai Patrushev —, —, Patrushev, Maria Zakharova, Dmitry Peskov, Peskov, Vyacheslav Oseledko Organizations: Crocus City Hall, Sputnik, AP Russia, Hall, Russian Federation, Kyiv Stratcom, Military Intelligence, Nurphoto, Islamic, Kremlin, Directorate of Intelligence, Getty, Russia, concertgoers, Russia's Federal Security Service, Russian Ministry of Emergencies, Anadolu, Security, RIA Novosti, Russian Foreign, U.S, CNBC, Economic, Afp Locations: Crocus, Moscow, Russia, Syria, Ukraine, Kyiv, U.S, Russian, Bishkek

The S & P 500 is closing out the first quarter on an epic win streak: The index is up 10% year to date and an amazing 25% in the past five months. Select S & P 500 sectors YTD Communication Services up 15% Technology up 12% Energy up 11% Financials up 11% Industrials up 10% Health Care up 8% The only sector down this quarter is real estate, off by 3% in the period. About 70% of the S & P 500 is in the green this year. The S & P 500 advance/decline has been on a tear since the middle of January, with far more stocks advancing on a daily basis than declining. "We saw persistent strength with the S & P 500 up every month from November through February, and this has nearly always been followed by more months of strength," he said.

Persons: Todd Sohn, Strategas, It's, Russell, Ned Davis, Davis, Alec Young Organizations: Communication Services, Technology, Energy, Care

☆ China opens WTO dispute against U.S. subsidies to protect its EV industry
▼ + stars: | 2024-03-27 | by ( ) www.cnbc.com time to read: +1 min

Vehicles set to be shipped to Europe, at Taicang Port on Dec. 19, 2022, in Suzhou, China. China has initiated dispute settlement proceedings against the United States at the World Trade Organization to safeguard its interests in the electric vehicle industry, the Chinese mission said on Tuesday and the WTO confirmed. China said it was contesting "discriminatory subsidies" under the U.S. Inflation Reduction Act (IRA) that it said resulted in the exclusion of goods from China and other WTO countries. The wide-ranging law provides billions of dollars in tax credits to help consumers buy electric vehicles and companies produce renewable energy, as President Joe Biden aims to decarbonise the mighty U.S. power sector. It said it was launching the proceedings "to safeguard the legitimate interests of Chinese electric vehicle industry and to maintain a fair level playing field of competition for the global market".

Persons: Joe Biden Organizations: Taicang Port, World Trade Organization, WTO, U.S Locations: Europe, Taicang, Suzhou, China, United States

Golden State forward Draymond Green was ejected less than four minutes into the Warriors' game against the Orlando Magic on Wednesday night. With 8:24 remaining in the first quarter against the Magic, Green argued with referee Ron Acosta after a foul was called on teammate Andrew Wiggins. Magic forward Paolo Banchero scored a layup on the play and added the free throw. Green was called for two technical fouls in quick succession, and thereby automatically ejected. ___Photos You Should See View All 60 Images

Persons: Green, Ron Acosta, Andrew Wiggins, Paolo Banchero Organizations: Golden State, Warriors, Orlando Magic, NBA Locations: Golden, Phoenix

☆ Penthouse to prison: Sam Bankman-Fried's journey from crypto king to convicted conman
▼ + stars: | 2024-03-27 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +8 min

Bankman-Fried, the founder and former CEO of failed crypto exchange FTX, will head on Thursday to a federal court in downtown Manhattan, where U.S. District Judge Lewis Kaplan will deliver his sentencing. After a month of personally dabbling in the market, Bankman-Fried launched Alameda Research, named after the California county that housed his first office. The so-called crypto winter of 2022 wiped out hedge funds and lenders across the crypto universe. May of 2022 brought the crash of stablecoin Luna, creating a domino effect that sent crypto prices plunging, devastating other lenders. On Nov. 2, 2022, crypto trade site CoinDesk publicized details of Alameda's balance sheet, which showed $14.6 billion in assets.

Persons: Samuel Bankman, MacKenzie Sigalos, Sam Bankman, Fried, Damian Williams, District Judge Lewis Kaplan, they'd, FTX, Amr Alfiky, Jane Street, Goldman Sachs, stablecoin Luna, Solana, Changpeng Zhao, Binance, Zhao, Jane Rosenberg, he'd, Cromwell, John J, Ray, confidants, — CNBC's Rohan Goswami Organizations: CNBC, Metropolitan Detention, U.S, District, Prosecutors, Reuters, Jane, Alameda Research, Formula, Democratic, Voyager, Alameda, FTX, Industry, Investors, Enron, Securities and Exchange Commission, Stanford University Locations: San Francisco, he's, Brooklyn, Manhattan, U.S, New York City, South Korea, Alameda, California, Miami, Washington, Solana, FTX, New York, Palo Alto , California

☆ McDonald's to sell Krispy Kreme doughnuts nationwide by the end of 2026
▼ + stars: | 2024-03-26 | by ( Amelia Lucas | ) www.cnbc.com time to read: +4 min

In this photo, Krispy Kreme doughnuts are shown in Daly City, California, on May 12, 2022. McDonald's is planning to sell Krispy Kreme doughnuts at its restaurants nationwide by the end of 2026, the chains announced Tuesday. For the duration of the agreement, McDonald's will be the exclusive fast-food partner for Krispy Kreme in the U.S. For McDonald's, the addition of Krispy Kreme doughnuts helps bolster its bakery and breakfast offerings. Shares of Krispy Kreme have fallen 20% over the past year, dragging its market value down to $2.11 billion.

Persons: McDonald's, Krispy, Josh Charlesworth, Krispy Kreme, Charlesworth, Kreme, Nordisk's Ozempic Organizations: U.S, McDonald's, CNBC, Nordisk's Locations: Daly City , California, U.S, Louisville, Lexington , Kentucky

☆ Canada Goose to cut 17% of its corporate workforce, following string of retail layoffs
▼ + stars: | 2024-03-26 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +2 min

Canada Goose said Tuesday that it will cut about 17% of its corporate workforce, following a string of other retailers that have laid off employees this year as consumers continue to pull back on discretionary spending. The cuts will affect staff at Canada Goose's corporate headquarters, which had about 915 employees as of April 2023, according to a securities filing. Between April 2021 and April 2023, Canada Goose nearly doubled the number of employees at its corporate head offices from 544 to 915 to support its "continued growth," the filing says. When releasing its holiday-quarter results, Canada Goose noted that its wholesale revenues were particularly weak, an ongoing dynamic for the company that many other retailers have felt. The layoffs at Canada Goose come after Nike, Macy's , Wayfair , Hasbro and Etsy all announced widespread layoffs over the past few months.

Persons: Goose, Dani Reiss, Reiss, Canada Goose Organizations: Canada, Armour, Nike, Hasbro, Etsy Locations: Canada

☆ Israeli Soldier’s Video Undercuts Medic’s Account of Sexual Assault
▼ + stars: | 2024-03-25 | by ( Adam Rasgon | Natan Odenheimer | ) www.nytimes.com time to read: +1 min

New video has surfaced that undercuts the account of an Israeli military paramedic who said two teenagers killed in the Hamas-led terrorist attack on Oct. 7 were sexually assaulted. The unnamed paramedic, from an Israeli commando unit, was among dozens of people interviewed for a Dec. 28 article by The New York Times that examined sexual violence on Oct. 7. He said he discovered the bodies of two partially clothed teenage girls in a home in Kibbutz Be’eri that bore signs of sexual violence. The Associated Press, CNN and The Washington Post reported similar accounts from a military paramedic who spoke on condition of anonymity. But footage taken by an Israeli soldier who was in Be’eri on Oct. 7, which was viewed by leading community members in February and by The Times this month, shows the bodies of three female victims, fully clothed and with no apparent signs of sexual violence, at a home where many residents had believed the assaults occurred.

Organizations: The New York Times, Associated Press, CNN, Washington Post, The Times Locations: Be’eri

☆ China's new guidelines will block Intel and AMD chips in government computers: FT
▼ + stars: | 2024-03-25 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

China has rolled out new guidelines that will phase out U.S. processors in government computers and servers, effectively blocking chips from Intel and AMD , the Financial Times reported on Sunday. The procurement guidelines, unveiled on Dec. 26, are now being enforced and will also impact Microsoft 's Windows operating system and foreign-made database software as they favor Chinese alternatives, the report said. Government agencies higher the township level have been ordered to purchase "safe and reliable" processors and operating systems, FT said. AMD declined to comment on the report while Intel did not immediately respond to CNBC's request for comment. This comes as China has been boosting its domestic semiconductor industry as it seeks to reduce reliance on foreign technology.

Organizations: Intel, AMD, Financial Times, Microsoft, Government, U.S Locations: China

☆ Gold rises on hopes for Fed rate cut in June, softer dollar
▼ + stars: | 2024-03-25 | by ( ) www.cnbc.com time to read: +2 min

An employee handles one kilogram gold bullions at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Gold prices rose on Monday as renewed bets that the U.S. Federal Reserve would begin cutting interest rates in June and a softer dollar lifted bullion's appeal. The dollar was down 0.1% against its rivals, making gold less expensive for other currency holders. Looks like June is being the most probable time when they are sort of expected to pull the trigger on that first rate cut." Lower interest rates reduce the opportunity cost of holding bullion.

Persons: Tim Waterer Organizations: Co, U.S . Federal Reserve, KCM, Traders, Fed Locations: Bangkok, Thailand

☆ 41 Days in a Bunker: How a Battle Raged on Ukraine’s Bloody Front Line
▼ + stars: | 2024-03-24 | by ( Marc Santora | ) www.nytimes.com time to read: +1 min

After repelling waves of Russian attempts to storm their small bunker in a cellar near an abandoned house, the enemy was on top of them. Vladyslav Molodykh, 39, whose call sign is Hammer. “They were shouting, ‘Surrender and you’ll live.’ There was no point in surrendering because they would have torn me apart.”It was around 10 a.m. on Dec. 14. Private Molodykh would emerge from the freezing, cramped cellar 41 harrowing days later — alone but alive. The battle for the bunker in Avdiivka, in eastern Ukraine, was only a small part of one of dozens of clashes raging along a 600-mile front.

Persons: ”, Vladyslav Molodykh, “, Molodykh Organizations: Ukrainian Locations: Avdiivka, Ukraine, Russia

☆ Opinion | 100 Days of Javier Milei
▼ + stars: | 2024-03-24 | by ( Uki Goñi | ) www.nytimes.com time to read: +2 min

Argentina’s new president, Javier Milei, has been in office for just over 100 days. The extreme libertarian program that Mr. Milei says will make Argentina great again — along with his unruly hair and tongue — has attracted countless comparisons to Donald Trump and won him high praise from Mr. Trump and other powerful admirers. A self-proclaimed “anarcho-capitalist,” Mr. Milei won the presidential race in November on promises to end Argentina’s sky-high inflation through a free-market transformation of the state. So far, he’s failed to deliver: Inflation doubled during his first month in office, though it has slowed down recently. Is he the economic visionary who won over voters and prompted Mr. Musk to predict that “prosperity is ahead for Argentina”?

Persons: Javier Milei, Milei, Donald Trump, Trump, Elon Musk, Mr, he’s, Musk Organizations: Economic, Mr Locations: Argentina, Davos, Switzerland, Congress, “

☆ Top Wall Street analysts like these dividend stocks for portfolio income
▼ + stars: | 2024-03-24 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

Investors seeking some stability in their portfolios may want to consider high-quality dividend stocks, especially those with a track record of steady income payments. Here are three attractive dividend stocks, according to Wall Street's top experts on TipRanks, a platform that ranks analysts based on their past performance. Nonetheless, PepsiCo announced a 7% hike in its annualized dividend to $5.42 per share, effective with the dividend payable in June 2024. On March 18, Morgan Stanley analyst Dara Mohsenian upgraded PepsiCo stock to buy from hold with a price target of $190. (See PepsiCo Stock Buybacks on TipRanks)

Persons: Wall, Enbridge, Robert Kwan, Kwan, TipRanks, Gerard Cassidy, Brian Moynihan, Cassidy, Morgan Stanley, Dara Mohsenian, Mohsenian Organizations: Pepsi, Brooklyn borough New, Enbridge Energy, RBC Capital, East Ohio Gas Company, Ohio Gas, Public Service Company, Dominion Energy, Dominion, Bank of America, PepsiCo, TipRanks Locations: Flatbush, Brooklyn borough, Brooklyn borough New York City, U.S, North Carolina, TipRanks

☆ US Navy warships can defeat exploding naval drones today, but these deadly systems are evolving
▼ + stars: | 2024-03-23 | by ( Jake Epstein | ) www.businessinsider.com time to read: +12 min

Ukraine has found success at sea by using naval drones packed with explosive to batter Russia. AdvertisementIn two conflicts separated by more than 1,000 miles, US friends and foes alike have turned to a deadly weapon to defeat their enemy's warships: small naval drones packed with explosives. The USS Dwight D. Eisenhower conducts flight operations in response to Houthi activity in the Red Sea on Feb. 23. In other words, there are ways that warships can protect against, evade, and ultimately defeat naval drones. Naval drones can potentially carry a large payload, and if they manage to get through undetected and hit a ship, "there could be significant damage."

Persons: —, Bradley Martin, Sam Tangredi, Ivan Lukashevych, Dwight D, Eisenhower, Tangredi, Archer Macy, Russia hasn't, Sergey Kotov, Macy, USVs, Martin, They're, Arleigh Burke, John Finn, Lewis, Clark, Cesar Chavez, AKE, Justin Stack, Shaan Shaikh, Shaikh Organizations: Former US Navy, Service, US Navy, AP, BI, Security Service, Former Navy, US, Sea Fleet, Ministry of Defense, Navy, Aircraft, Seahawk, Ruskin, Missile Defense, Center for Strategic, International Studies Locations: Ukraine, Russia, Yemen, Europe, Kyiv, Brig, Screengrab, Iran, —, Russian, Ukrainian, Crimea, Handout, Pacific, China, Washington, Beijing, Pearl, East China, they're

☆ The world is obsessing over Princess Kate — here's a timeline of what we do know
▼ + stars: | 2024-03-22 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +7 min

Catherine, Princess of Wales, Princess Charlotte of Wales, Prince George of Wales, Prince William, Prince of Wales, Prince Louis of Wales and Mia Tindall attend Christmas Morning Service at Sandringham Church on December 25, 2023 in Sandringham, Norfolk. It is also at this point that the palace suggests Kate will not be resuming public duties until after Easter. Feb. 27: Prince William resumes public engagements after some time off, but no updates are released about Kate. March 18: The British tabloid The Sun publishes a video of what appear to be Kate and William at a farm shop. A view of the newspaper headlines that published photographs of Princess Kate during a casual outing with her husband, Prince William, at a farm produce market in Windsor on March 20, 2024 in London, United Kingdom.

Persons: Britain's Catherine, Princess of Wales, Britain's Prince George of Wales, St Mary Magdalene, Adrian Dennis, Kate, Kate Middleton, Catherine, Prince William, Catherine , Princess of Wales, Princess Charlotte of Wales, Prince George of Wales, Prince William , Prince of Wales, Prince Louis of Wales, Mia Tindall, Samir Hussein, William, King Charles III, King Charles, Paul Ellis, Princess Kate, Rasid Organizations: Royal, St Mary Magdalene Church, Afp, Getty, Morning Service, Sandringham Church, Wireimage, Social, Kensington, BBC, British Army, Mother's, Kensington Palace, Sun, Anadolu Locations: St Mary, England, Wales, Sandringham —, Sandringham , Norfolk, Kensington, London, Germany, Windsor, United Kingdom

☆ Switzerland becomes first major economy to cut interest rates in surprise move
▼ + stars: | 2024-03-21 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +3 min

The Swiss national flag hangs from the Federal Palace, Switzerland's parliament building, in Bern, Switzerland, on Thursday, Dec. 13, 2018. The Swiss National Bank cut its inflation forecast and showed no inclination of moving off its crisis-era settings, citing the francs strength and mounting global risks. Economists polled by Reuters had expected the Swiss central bank to hold rates at 1.75%. According to the new forecast, inflation is also likely to remain in this range over the next few years," the bank said. Swiss inflation continued to fall in February, hitting 1.2%.

Persons: Stefan Wermuth, Thomas Jordan, SNB Organizations: Swiss, Swiss National Bank, Bloomberg, Getty, Reuters, Capital Economics, Bank, Capital Locations: Switzerland's, Bern, Switzerland, Swiss

☆ Advisory firm ISS tells Disney shareholders to side with Nelson Peltz in proxy fight
▼ + stars: | 2024-03-21 | by ( Michele Luhn | ) www.cnbc.com time to read: +3 min

Proxy advisory firm Institutional Shareholder Services on Thursday recommended that Walt Disney shareholders elect activist investor Nelson Peltz to the board in his bitter fight against CEO Bob Iger. While siding with Peltz, ISS told shareholders not to back Rasulo in the fight, citing his previous positioning as a potential successor to Iger. "Though we do not have any concerns about his ability to serve as an objective director, we recognize that Rasulo's potential presence might create added friction on the board," ISS said. Another proxy advisory firm, Glass Lewis, earlier this week endorsed Disney's slate of board nominees. Large institutional shareholders will often — but not always — vote based on the recommendation of either of the two proxy advisory firms.

Persons: Nelson Peltz, Bob Iger, Peltz, Jay Rasulo, Iger, Trian, Maria Elena Lagomasino, Disney, Blackwells, Roy Disney, Jamie Dimon, George Lucas, Glass Lewis, Lewis, — CNBC's Rohan Goswami Organizations: Walt Disney, New York Stock Exchange, Services, Trian Fund Management, Disney, ISS, JPMorgan Chase, Disney's

GAZA StripWhy Isn’t More Aid Getting to Gazans? From El Arish, the trucks carrying aid typically undergo security checks in Rafah, Egypt, shortly before reaching the border with Gaza. One arrow points from near Rafah crossing to Kerem Shalom crossing, and a second arrow points from near Rafah crossing to Nitzana crossing. One arrow points from Nitzana crossing to Rafah crossing, and another points from Nitzana to Kerem Shalom crossing. More than a hundred Gazans died near a convoy on Feb. 29, after thousands massed around aid trucks.

Persons: Israel El Arish JORDAN Trucks, Balah Netivot Khan Younis Ofakim, Balah Khan, Salah Al Din, Rashid, Kerem, Khan Younis, Al Rashid, Israel, Trucks, Scott Anderson, Shimon Freedman, COGAT, Freedman, Mr, Anderson, Gazans, ”, Naser Qadous, Balah, Khan Younis Ofakim, Carl Skau, Sarah Schiffling, Deir, Younis Ofakim, Deir al, Biden, it’s, Schiffling, Juliette Touma, ” Ms, Touma Organizations: United Nations, West Bank Ships, Bank, Israel El Arish Trucks, Jordan, El Arish Egypt Israel Nitzana, Arrows, UNRWA, Food, Food Program, Hanken School of Economics, Central Locations: GAZA, Gaza, Gaza’s, SyRIA, Port, Israel El Arish, Cairo Egypt Saudi Arabia, Bank GAZA, Jordan Egypt, Ashkelon Gaza, Rafah, Egypt, El Arish Egypt Israel, Egypt Rafah, Egypt Israel, Rafah Rafah, Kerem, Kerem Shalom, Sderot GAZA, Gaza City Sderot Al Rashid, El Arish, Port Sa’id, Jordan, From El Arish, Nitzana, Israel, United States, Anera, ”, Khan Younis Ofakim Israel Rafah, Shalom, U.S, Air, France, Finland, Gaza City, Cyprus, Sderot, Balah, Deir

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