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Stock splits, long out of favor, are making a comeback. Notable stock splits in 2024(when distributed)Walmart 3-1 2/23/24Cooper Companies 4-1 2/16/24Texas Pacific Land 3-1 3/27/24Old Dominion Freight Line 2-1 3/27/24Nvidia 10-1 6/7/24Amphenol 2-1 6/11/24Chipotle Mexican Grill 50-1 6/25/24Broadcom 10-1 7/12/24Williams-Sonoma 2-1 7/8/24Cintas 4-1 9/11/24Sony Group 5-1 10/8/24Lam Research 10-1 10/3/24Why the comeback in stock splits? Stock splits are far less common now than 20 or 30 years ago. During the tech and internet bubble of the late 1990s, stock splits were common. By the mid-2000s, roughly 5% of the Russell 1000 members split their stock each year, and after the great financial crisis from 2008-2009, stock splits practically ceased.
Persons: Williams, David Kostin, Goldman Sachs, Russell, Chipotle Organizations: New York Stock Exchange, Stock, Walmart, Sonoma, Broadcom, Cooper, Pacific, Dominion Freight, Sony, Institutional, Nvidia, Risk, Financial Management, Lam Research, Booking Holdings, Costco, Micro, Spotify Locations: Williams, Sonoma
London CNN —King Charles III was in his element this week as he celebrated a very special moment for his foundation at St. James’s Palace in London. On Tuesday, the 75-year-old monarch attended the inaugural awards of his King’s Foundation, so we thought, why not take our Royal News readers along with us? Now, to rewind for just a moment – King Charles set up the charity back in 1990 when he was still the Prince of Wales. King’s Foundation chief executive Kristina Murrin told CNN that the charity is underpinned by the monarch’s philosophy of working in concert with nature to “build sustainable thriving communities.”King Charles III presents the Harmony Award to Ban Ki-moon, left, the former United Nations secretary-general, at the King's Foundation awards. King Charles III smells a wool sample at the King's Foundation awards.
Persons: London CNN — King Charles III, James’s, King Charles, Prince of Wales, Kristina Murrin, ” King Charles III, Ban, Kirsty Wigglesworth, ” Murrin, Rod Stewart, Penny Lancaster, David Beckham, Sienna Miller, Edward Enninful, Naomi Campbell, Raymond Blanc, King Charles III, we’ve, , Charles, King, Alan Titchmarsh, , Isabelle Pennington, I’d, Beckham, “ we’ll, Murrin Organizations: CNN’s Royal, London CNN, Foundation, Royal News, King’s Foundation, CNN, United Nations, King's Foundation, Dumfries House, King Charles III Harmony, UN, Pipers, National Piping Centre, Rock Choir, King’s, England, Royal Locations: London, St, United Kingdom, Korean, James’s, Edmead, Caribbean, Germany, Iceland
On a Friday afternoon in late April, President Biden brought celebrities and elite social media influencers together for a White House reception. Jonathan M. Katz, an independent journalist and sharp critic of the administration, was shocked to get an invitation. When he met Mr. Biden, he pointedly asked about military aid to Israel and suggested he was supporting a “genocide.” Mr. Biden answered politely, but then appeared to grow impatient. “I trust you as far as I can throw your phone.” Aides then ushered Mr. Katz away. The episode, which Mr. Katz recorded on video and shared with his roughly 100,000 followers, was one in a series of Mr. Biden’s awkward attempts to manufacture online enthusiasm for his candidacy.
Persons: Biden, Fran Drescher, David Cross, Ilona Maher, Jonathan M, Katz, Mr, , , Donald J, Trump, Trump’s Organizations: Biden Locations: @underthedesknews, Israel
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewTwo executives of a California-based telehealth company have been arrested and accused of running an illegal Adderall drug scheme to the tune of $100 million. Related storiesThe DOJ accuses the defendants of luring drug seekers to the subscription-based healthcare service through millions of dollars of deceptive social media advertisements. In addition to the drug conspiracy charges, He and Brody were also charged with conspiracy to obstruct justice. AdvertisementThis is the first time that anyone has been charged for operating an illegal drug distribution scheme through a telemedicine company, according to the DOJ.
Persons: , David Brody, overdosed, Alejandro, Mayorkas, Brody didn't, Brody Organizations: Service, Department of Justice, Inc, Business, DOJ, of Homeland, Prosecutors Locations: California
U.S. Attorney General Merrick Garland departs for a recess during a House Judiciary Committee hearing entitled “Oversight of the U.S. Department of Justice”, in Washington, D.C., U.S., June 4, 2024. Attorney General Merrick Garland will not be prosecuted for contempt of Congress because his refusal to turn over audio of President Joe Biden's interview in his classified documents case "did not constitute a crime," the Justice Department said Friday. In a letter to House Speaker Mike Johnson, a Justice Department official cited the department's longstanding policy not to prosecute for contempt of Congress officials who don't comply with subpoenas because of a president's claim of executive privilege. Garland is the third attorney general to be held in contempt of Congress. He has defended the Justice Department, saying officials have gone to extraordinary lengths to provide information to the committees about special counsel Robert Hur's classified documents investigation, including a transcript of Biden's interview with him.
Persons: General Merrick Garland, U.S . Department of Justice ”, Joe Biden's, Mike Johnson, Garland, coalescing, David Joyce of Ohio, Robert Hur's Organizations: U.S . Department of Justice, Washington , D.C, Justice Department, Justice, White, Republicans, Republican Locations: Washington ,
Opinion | When Churches Cancel Their Own
  + stars: | 2024-06-14 | by ( ) www.nytimes.com   time to read: +1 min
To the Editor:Re “The Day My Old Church Canceled Me,” by David French (column, June 10):Mr. French’s discussion of the day his church canceled him is a stunning exposition of the extreme polarization in our society. What has happened to the right to think differently, to disagree and to engage in reasoned discourse? To the Editor:I enjoy reading David French’s thoughtful columns even though I, an atheist, don’t always agree with him. He has helped teach me to keep my heart open to those I might consider political opponents. So I was heartbroken to read his recent piece about the attacks and abandonment his family suffered at their former church.
Persons: David French, , Thomas Jefferson, William Titelman, David French’s, don’t Locations: William Titelman Athens, Greece, U.S
Major League Baseball said Friday night it has disciplined umpire Pat Hoberg for violating the league’s gambling rules, and that he is being held out of games during this season while an appeal is considered. Multiple players have been punished for gambling violations, including Tucupita Marcano, who got a lifetime ban for betting on baseball. Now, an umpire has been punished, with Hoberg becoming the only known umpire in recent history to have been disciplined for a matter related to gambling. “During this year’s Spring Training, Major League Baseball commenced an investigation regarding a potential violation of MLB’s sports betting policies by Umpire Pat Hoberg,” MLB said in a statement. AdvertisementThe most severe is that anyone found to have gambled on a baseball game they are directly tied to — “any baseball game in connection with which the bettor has a duty to perform,” as the rules formally put it — is to be banned permanently from the game.
Persons: Pat Hoberg, Tucupita Marcano, Shohei, Ippei Mizuhara, Hoberg, Glen Caplin, , ” Hoberg, “ Mr, Rob Manfred, David Fletcher, Mizuhara, Tim Donaghy, Steph Chambers Organizations: Major League Baseball, MLB, ESPN, Major League Baseball Umpires, Hoberg, North, Supreme, Baseball Locations: U.S
“I believe he’ll be a pro-life president in the future also.”Many senior Trump administration alumni and allies are now mapping out and drafting policy options for a second Trump term. A second Trump term would also put back in place and expand restrictions on Title X grants – federal funds for public and nonprofit groups that provide family planning. Resurrecting these actions in a second Trump would almost entirely be up to the discretion of whomever he appoints to lead the relevant federal agencies. With Roe v. Wade’s protections erased, anti-abortion activists would like a second Trump administration to push harder than it did before – especially in restricting access to mifepristone. Abortion rights advocates worry he could play an outsize role shaping abortion restrictions in a potential second Trump administration.
Persons: Donald Trump’s, Ronald Reagan, , Roe, Wade, Dobbs, Trump, ” Trump, , Trump –, Joe Biden’s, Kellyanne Conway, ’ ”, Mary Ziegler, Davis, Roger Severino, Trump’s, Reagan, Biden, ” Julie Lewis, Ziegler, David S, Cohen, Comstock, Skye Perryman, ” Mark Lee Dickson, Donald J, ” Dickson, “ He’s, Jonathan Mitchell, Mitchell Organizations: CNN, Trump, New, Capitol, “ Republicans, Democratic, Republican, Fox, Heritage Foundation, Biden’s, Department, University of California, Trump Health, Human Services, HHS, Food and Drug Administration, DOJ, UC Davis, Food, FDA, ” Drexel University, White, Justice Department, Democracy, Department of Justice, Cities, mifepristone, Time Locations: New York, Florida, Arizona, Mexico, Texas, America, United States, Colorado
Wall Street is wondering whether the tech rally that's pushed the S & P 500 through record after record this year can continue, even as some cracks emerge in the market outlook. .SPX YTD mountain S & P 500 near record highs A peek inside the major indexes also reveals a similar pattern. Information technology is the best-performing sector in the S & P 500 this week, gaining 6.2%. As it is, the S & P 500 is already above 5,400, having advanced more than 13% this year. Winners and losers market David Miller, investment chief at Catalyst Funds, also said the S & P 500 could end 2024 with a 17% or 18% gain.
Persons: Jeff Klingelhofer, it's, Klingelhofer, Brian Nick, Nick, Dave Sekera, Dave Donabedian, Donabedian, David Miller, Miller Organizations: Nasdaq, Nvidia, Dow Jones, Apple, Thornburg Investment Management, CNBC, Macro, Federal Reserve, Morningstar, CIBC Private Wealth, Catalyst Funds, Microsoft, Google, Visa, MasterCard, American Airlines, Delta Air Lines, Novo Nordisk, TransDigm, Index, Retail, Manufacturing, Housing, Philadelphia Fed, Kroger, Darden, PMI Locations: U.S, NAHB
Fatherhood is good for dads. Here’s why
  + stars: | 2024-06-14 | by ( Elissa Strauss | ) edition.cnn.com   time to read: +9 min
CNN —Many arguments about why dads should do more parenting focus on why that would be good for their wives or partners and kids. Simon & SchusterBut with their kids, dads have a chance to explore all these sides and more, often away from the scrutiny of the public eye. Dads really are doing more careIt may not always feel like fathers are doing more parenting, but they are. One cross-national study found that dads spent an average of 16 minutes a day caring for their kids in 1965. Also, dads find parenting “extremely important to their identity,” and enjoyable and rewarding nearly identically as often moms do.
Persons: It’s, Elissa Strauss, Simon, Schuster, ” Matt Englar, Carlson, Eric Gardner, Gardner, ” Gardner, ” Stephanie Coontz, , Brad Harrington, Harrington, they’re, , Caregiving, Brian Anderson, David Bullman, Bullman, I’m, , ” Elissa Strauss Organizations: CNN, Center for Boys, California State University, Fullerton, US Army, Boston College Center for Work, American Psychological Association, Others Locations: Colorado Springs
Analyst Brian Essex upgraded Zscaler to overweight from neutral and raised his price target to $230 per share from $205. The bank upgraded the software stock to overweight from neutral on Friday, and raised its price target to $580 per share from $570. Champine reiterated a buy rating on the wholesaler and raised its price target to $940 per share from $890. The analyst upgraded shares of BofA to outperform from market perform and raised his price target to $46 per share from $37. He has an overweight rating and a price target of $52, implying upside of 20% over the next 12 months.
Persons: KBW, Piper Sandler, Pinterest, Brian Essex, Essex, — Brian Evans, Mark Murphy, Laura Champine, Champine, Keefe, David Konrad, Konrad, Brian Evans, Thomas Champion, Fred Imbert Organizations: CNBC, of America, JPMorgan, Security, Zero Trust Network Security, Adobe, Wall, Costco, Bank of America, Bank, America Locations: U.S, Los Angeles
But I didn't expect my ambivalence toward dogs to be a dealbreaker in my adult dating life. I confessed I wasn't the biggest dog person, and he ghosted me. Don't get me wrong: I don't hate dogs. But, as glamorous as it sounds, I don't share the innate obsession with dogs many people seem to have. This is my biggest secret: If I love you, I will begrudgingly love your dog, too.
Persons: , David, Rottweiler, That's frustratingly, I've, Suzy Organizations: Service, Business Locations: America, Chihuahua, Europe
4:35Americans Love to Shop Online. 0:59‘Lack of Further Progress’ on Inflation Keeps Interest Rates High0:59Fed Wants More ‘Good Data’ Before Cutting Interest Rates, Powell Says0:26Boeing Cargo Plane Makes Emergency Landing in Miami1:00PGA Tour Boss Describes What Led to His Medical Leave of Absence1:55Elon Musk Apologizes for Endorsing Antisemitic Conspiracy Theory1:51Disney C.E.O. Denies Plan to Sell TV Business1:20David Zaslav Defends Unpopular Decisions at Warner Bros. Discovery1:37Harris Not Worried About Biden Trailing Trump in Key Polls0:53U.S. Will Take Years to Reach Chip Independence, Nvidia C.E.O. Says1:06McCarthy Says He Is Undecided on Whether to Seek Re-Election0:40
Persons: Powell, Elon Musk, David Zaslav, Harris, McCarthy Organizations: Boeing Cargo, Disney, Sell, Warner Bros, Biden, Trump, Chip Independence, Nvidia C.E.O Locations: Miami, Chip
The Israeli military said forty rockets were fired at northern Israel and the occupied Golan Heights on Thursday, causing at least ten fires that teams are working to extinguish. The rockets were fired from northern Lebanon, with Iran-backed Lebanese militant group Hezbollah claiming responsibility for their launch. The group said it targeted six Israeli military barracks using Katyusha and Falaq rockets and used three drones to target bases. Hezbollah's massive rocket barrage: Thursday's launches came after more than 200 rockets were fired from Lebanon into Israel Wednesday, according to the IDF. The group on Tuesday confirmed the death of Talib Sami Abdullah, known as Abu Talib, and three other fighters.
Persons: Israel's Magen David, Talib Sami Abdullah, Abu Talib, Talib Organizations: Israel Defense Forces, IDF Locations: Israel, Golan, Lebanon, Iran, Lebanese
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewElon Musk seems to be taking a page out of Donald Trump's playbook. This story is available exclusively to Business Insider subscribers. Musk admitted in his March interview with Don Lemon that he takes a "small amount" of ketamine every other week. Representatives for Musk didn't immediately respond to a request for comment from Business Insider, made outside normal working hours.
Persons: , Elon, Donald Trump's playbook, Trump, Musk, David Sacks, Chamath Palihapitiya, they've, Zuck, Mark Zuckerberg, Sam Altman, There's, Don Lemon, Lemon, Musk didn't Organizations: Service, White, Business, Tesla, SpaceX, Wall Street, Trump, Reuters, Republican, OpenAI, Microsoft, Representatives Locations: San Francisco
Mr. Biden and Mr. Zelensky will meet on Thursday and sign a security agreement, said Jake Sullivan, Mr. Biden’s national security adviser. Mr. Biden faces the hurdle of convincing his allies, starting with Mr. Zelensky, that the United States plans to stay in the fight with Ukraine, no matter what happens in November. Mr. Biden told Mr. Zelensky last week, in France, that “I apologize for the weeks of not knowing what was going to pass,” and put the onus on Republicans in Congress. During a trip to Normandy last week, Mr. Biden appeared to have persuaded France, one of the last holdouts, to support the deal. “The administration has been quick to get aid to Ukraine once Congress moved, and that’s to its credit,” he said.
Persons: Biden, Volodymyr Zelensky, Mr, Zelensky, Jake Sullivan, , ” Mr, Sullivan, we’ll, , Vladimir Putin, Pope Francis, Donald J, Trump, Rishi Sunak, Emmanuel Macron, Biden’s, Vladimir V, Putin, Claudia Greco, John E . Herbst, Evelyn Farkas, Barack Obama, Ms, Farkas, ” Alan Rappeport Organizations: Ukraine, U.S, Kremlin, Group, Air Force, , hobble, NATO, Mr, Reuters, European, World Bank, Eurasia Center, Atlantic Council, United, McCain Institute, Arizona State University Locations: Ukraine, United States, Italy, Israel, Russia, hobble Russia, Europe, France, Congress, Savelletri, Normandy, Belgium’s, U.S, Eurasia
“The American principle that no one is above the law was reaffirmed,” President Biden said after former President Donald J. Trump was convicted last month of falsifying records to cover up a sex scandal. “No one in this country is above the law,” David Weiss, the special counsel who prosecuted Hunter Biden on gun charges, said after Mr. Biden was convicted this week. The expression has been used by plenty of political figures in recent weeks, including Vice President Kamala Harris (“Donald Trump thinks he is above the law,” she said at a recent campaign event). The phrase “above the law” has appeared in The New York Times 100 times this year alone. The specific origin of the phrase is not clear, with several people getting credit for pushing it forward.
Persons: Biden, Donald J, Trump, ” David Weiss, Hunter Biden, Mr, , Kamala Harris, “ Donald Trump, Organizations: , New York Times
One of the biggest bangs heard in the history of wine, on a May evening in 1976, caused barely a ripple in the home of Warren and Barbara Winiarski, the proprietors of Stag’s Leap Wine Cellars in Napa Valley. The day before, a 1973 Stag’s Leap cabernet sauvignon had won a tasting in Paris that pitted some of the greatest French wines against bottles from upstart California. His article, “Judgment of Paris,” trumpeted a shocking David-over-Goliath triumph that gave the fledgling California wine business a swift dose of international credibility. “The unthinkable happened: California defeated all Gaul,” Mr. Taber wrote. Almost 50 years later, marketers are still using that tasting, re-enacting it countless times, to sell California wines around the world.
Persons: Barbara Winiarski, Winiarski, , George M, Taber, David, ” Mr Organizations: Time Locations: Warren, Napa Valley, Paris, California, France, Gaul
CNN —FIFA is facing a legal challenge over the world governing body’s “unilateral” decision to set the international match calendar – notably an expanded 32-team FIFA Club World Cup – unions representing soccer players said in a statement on Thursday. CNN has reached out to FIFA for comment on the legal action. As their union, we have a duty to intervene and to enforce their legal rights as employees. Manchester City lift the Club World Cup trophy in 2023 - the competition is set to expand from seven teams to 32 in 2025. Francois Nel/Getty ImagesIn addition to the larger Club World Cup, all three European club competitions will be expanded to 36 teams for the 2024/2025 season.
Persons: , , David Terrier, “ It’s, Maheta Molango, , Molango, Gianni Infantino, ” Infantino, Francois Nel, Vinícius Júnior, Ballon d’Or, Ronaldinho, Vinícius Jr, Jude Bellingham, Wayne Rooney –, David Beckham Organizations: CNN, FIFA, FIFA Club, English, ’ Association, des, FIFPRO, European Court of Justice, of Fundamental, Commerce, PFA, World League, of Football, FIFA Congress, Manchester City, Champions League, Europa League, Conference League, Manchester United Locations: FIFPRO Europe, Europe, United States, Brussels, FIFPRO, Bangkok, Manchester, Real Madrid, Brazil, Madrid, England, Bellingham
The financial sector, along with other value-oriented sectors, is beginning to significantly underperform the major equity benchmarks over the last six weeks. We'll share a potential short candidate, close to breaking down through a key support level that could indicate much further downside to come. First, let's visualize the relative performance of the financial sector, along with three other value sectors that have all shown deterioration since April. In searching through the financial sector for an actionable chart to play potential downside, I discovered that Progressive Corp. (PGR) is showing all the signs of a bearish rotation. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.
Persons: PGR, I'm, David Keller Organizations: Progressive Corp, Progressive, PGR, CMT
An artillery unit moves near the Israeli northern border with Lebanon on November 8, 2023 in Tel Aviv, Israel. Hezbollah said it had launched rockets and weaponized drones at nine Israeli military sites in a coordinated attack on Thursday, ramping up hostilities on Lebanon's southern border for the second consecutive day. The attacks were carried out in retaliation for an Israeli strike on Tuesday that killed a senior Hezbollah field commander. Hezbollah said in a statement it had fired volleys of Katyusha and Falaq rockets at six Israeli military locations. Its Al-Manar television reported more than 100 rockets fired at once.
Persons: Kan, David Mencer Organizations: Reuters, Seven Locations: Lebanon, Tel Aviv, Israel, Gaza, Iran, Safed, Italy
We Overvalue Intelligence - The New York Times
  + stars: | 2024-06-13 | by ( David Brooks | ) www.nytimes.com   time to read: +1 min
Do they go from success to success, powered by their natural brilliance? The first is the social science answer. Social science researchers give promising children intelligence tests, and then they check in on them over the ensuing decades to see how much the students’ early intelligence correlates with lifetime success. The social science answer is that higher intelligence correlates strongly with positive educational and career outcomes. By the 1950s, two-thirds of the Terman kids had become college graduates, a figure 10 times that of the general population.
Persons: people’s, Lewis
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBelpoint's David Nelson talks Nvidia hitting another all time highHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Belpoint's David Nelson, Brian Sullivan, Organizations: Nvidia, CNBC
It was not immediately clear how many weapons Hezbollah, a powerful militia and political faction backed by Iran, launched into Israel on Thursday. The assault included a number of drones aimed at Israel’s northern military headquarters, Hezbollah said. Israel’s military said in the afternoon that Hezbollah had sent more than 40 rockets across the border, but the barrage continued well into the evening. Hours later, Israel had not updated that number, but a military spokesman called it Hezbollah’s most serious attack since October. At least four people were injured in the assault on Thursday, according to Israel’s military and its emergency service, Magen David Adom.
Persons: Israel, Magen David Adom Organizations: Hamas Locations: Lebanon, ramped, Gaza, Iran, Israel
Walmart's 4,600 US stores are supported by a network of 42 regional distribution centers. Of those 42, there's "some level of automation" at 15 of them, CFO John David Rainey said. When a DC is automated, Rainey said it sees as much as a 4X leap in efficiency. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Of those 42 DCs, Walmart CFO John David Rainey said the company has 15 that now have "some level of automation," serving about 1,700 stores.
Persons: John David Rainey, Rainey, Organizations: Service, Walmart, Business
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