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☆ Chinese fast fashion may be in the line of fire in a second Trump term. Here's what Trump's tariffs could mean for Shein and Temu.
▼ + stars: | 2024-11-26 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +5 min

AdvertisementTrump's second term may not bode well for Chinese fast-fashion brands in the US. Gen Z-favorite brands like Shein and Temu will likely be hit hard by such tariffs. Donald Trump's victory in the presidential election could spell trouble for Chinese fast-fashion brands, particularly Gen Z-favorite budget brands like Shein and Temu. While campaigning this year, Trump said he would impose tariffs of 60% or higher taxes on Chinese products. AdvertisementAnd while Shein has become synonymous with fast fashion produced in China, it's facing rising competition from Temu.

Persons: bode, Gen, Temu, Donald Trump's, Trump, Liu Pengyu, PDD, David Jacks, Jacks, Lei Chen, PDD's, Jeffrey Towson, Emily Pfeiffer, Forrester, Pfeiffer, Jacob Cooke, Vox, Shein, Biden Organizations: National Retail Federation, Singapore's Yale, NUS College, TechMoat Consulting, Towson, Amazon, Bloomberg Locations: China, Bangladesh, Morocco, Temu

“Gladiator II,” the sequel to the 2000 historical epic, also pulled in an estimated $55.5 million from more than 3,500 locations. With “Gladiator II” and “Wicked,” similar excitement had built up online for months, with many fans gearing up for what they deemed “Glicked” (pronounced glick-id). Similarly, “Gladiator II” and “Wicked” offered moviegoers the opportunity to lean into the contrasting themes. By comparison, Ridley Scott’s “Gladiator II” is an action-packed film with swords, violent battles and ancient warfare. Still, “Glicked” didn’t quite replicate the magic of “Barbenheimer,” according to Shawn Robbins, founder of Box Office Theory and director of analytics at Fandango.

Persons: ”, “ Barbie ”, “ Oppenheimer ”, glick, “ Barbie, “ Oppenheimer, ” “, Paul Dergarabedian, “ Barbenheimer, Barbie ”, Cynthia Erivo, Ariana Grande, Ridley Scott’s, David Joshua Taylor, “, Taylor, Paul Mescal, Pedro Pascal, Shawn Robbins, ” Robbins, Grande, ” Mescal, Lucius, Robbins, that’s Organizations: Universal Pictures, Paramount Pictures, Airbnb, NBC, Comcast, Variety Locations: Oz, North America, Rome

☆ Amelia Earhart: Sonar imagery resembling missing plane was a rock formation
▼ + stars: | 2024-11-21 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +7 min

After returning to the site on November 1, Deep Sea Vision — an ocean exploration company based in Charleston, South Carolina, that captured the original sonar image — has identified the object to be a natural rock formation. The hunt for Earhart’s plane continuesThe rock formation was more than 16,000 feet (4,877 meters) underwater. The team sent out the AUV directly above the site in early November, producing a high-resolution image of the rock formation. After the anxious wait, the image surprisingly revealed that the object was a natural rock formation, he said. When Deep Sea Vision first announced the anomaly, Jourdan cautioned against using sonar imagery to identify anything on the seafloor.

Persons: Amelia Earhart, Earhart, Electra, ”, Tony Romeo, “, ” Romeo, Romeo, shouldn’t, Nauticos, David Jourdan, Jourdan, ” Jourdan, ” Amelia Earhart, Fred Noonan, Dorothy Cochrane, Cochrane Organizations: CNN, Lockheed, US Air Force, Vision, Smithsonian National Air and Space Museum Locations: Charleston , South Carolina, Kennebunkport , Maine, Lae, Papua New Guinea, Howland

☆ Army and its ‘fanatical’ coach aim for perfection. But is that enough?
▼ + stars: | 2024-11-21 | by ( Brian Hamilton | ) www.nytimes.com time to read: +22 min

The Army is doing what it can to make it easier for its football team and the man in charge. As he watched his very first practice as athletic director, Buddie saw his football coach picking up errant wrappers on the field. The Army football team wakes up before sunrise and leaves the practice field after dark, unbeaten and almost too busy to notice anyone noticing. Army coach Jeff Monken, 57, is the second-winningest coach in program history. And Jeff Monken is still the Army football coach.

Persons: Jeff Monken, “, ” Monken, –, I’m, ” It’s, Army –, it’s, Monken, irrelevance, ”, Luke Proulx, Earl “ Red, Steven Gilland, Mike Buddie, Mike, Monken’s, I’ve, Paul Johnson, you’ve, weren’t, ” Proulx, Army hasn’t, Lucas Scott, Buddie, disperses, Cody Winkour, Drew Thatcher, Cody Worley, Nate Woody, Thatcher, Worley, who’d, Bryson Daily, ” Worley, Woody, Andon Thomas, Jon Rhattigan, who’s, he’s, Dan Patrick Show ”, needling, he’ll, “ I’ve, ’, they’re, might’ve, Kanye Udoh, David Jensen, Tom Osborne, Woody Hayes, Joe Paterno, Johnson, ” Johnson, ” Buddie, He’s, – Johnson, ’ ” Johnson, they’ll, “ That’s, ” Scott, Udoh, It’s, ‘ I’m, Meech Robinson, Dustin Satloff Organizations: Army, College Football, Michie, they’re, Knights, Notre Dame, Yankee, United States Military Academy, Black Knights, Associated Press, Navy, ” Army, Millikin University, of Fame, Georgia Tech, III, Georgia Southern, Military, NCAA, Division II Nebraska, Monken, Ohio State, North, Carolina Panthers, Football, North Texas, Daily, The Army football, Longevity, Nutrition, American Athletic Conference, College, Cadet Locations: Fort Putnam, Hudson, Decatur , Ill, Joliet, Hawaii, Honolulu, Illinois, U.S.A, Kearney, North Texas, Carolina, West, ”, Georgia, Russia, Ukraine

☆ CVS strikes deal with activist Glenview Capital for four board seats
▼ + stars: | 2024-11-18 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +1 min

CVS Health announced on Monday that it struck a deal with dissident investor Glenview Capital for four board seats, just a few weeks after the healthcare giant ousted former chief Karen Lynch. Glenview CEO Larry Robbins will join the CVS board effective immediately, alongside three other directors, which CVS said emerged from a "productive discussion" with Glenview. CVS' board will expand to 16 members. Glenview amassed a sizable stake in the healthcare conglomerate and worked with management in the lead-up to Lynch's ouster. Elliott Management struck a deal with Southwest Airlines in October in which the activist fund secured six seats on the carrier's board.

Persons: David Joyner, Karen Lynch, Larry Robbins, Roger Farah, Leslie Norwalk, Guy Sansone, Doug Schulman, Glenview's Robbins, Ancora, Alan Shaw Organizations: CVS, Health, Education, Labor, Washington , D.C, CVS Health, Glenview Capital, Glenview, Elliott Management, Southwest Airlines, Norfolk Locations: Washington ,, Glenview, Norfolk Southern

☆ Sean ‘Diddy’ Combs accused of trying to influence witness testimony, jury pool from jail
▼ + stars: | 2024-11-16 | by ( Kara Scannell | David J. Lopez | ) edition.cnn.com time to read: +5 min

A review of recorded calls from the Metropolitan Detention Center revealed Combs used the telephone accounts of at least eight inmates to allegedly evade monitoring, prosecutors said. The new allegations were revealed in a court filing late Friday as federal prosecutors argue Combs should not be entitled to another bail hearing. A federal grand jury has been regularly convening in the continuing criminal investigation, CNN reported October 31, citing three sources. audience engagement — and explicitly discussed with his family how to ensure that the video had his desired effect on potential jury members in this case,” prosecutors said. Combs’ inability to follow the rules in federal custody suggests he wouldn’t abide by any bail conditions set by the judge, prosecutors said.

Persons: Sean “ Diddy ” Combs, Combs, ”, Arun Subramanian, they’ve, ” Combs, —, cosigned Organizations: CNN, Metropolitan Detention, MDC, Prosecutors Locations: Brooklyn, Subramanian

☆ Inside the Quest to Make Fusion Energy a Reality
▼ + stars: | 2024-11-15 | by ( Raymond Zhong | ) www.nytimes.com time to read: +15 min

The Quest to Build a Star on Earth Start-ups say we’re closer than ever to near-limitless, zero-carbon energy from fusion. Today’s fusion start-ups aren’t just preparing for this moment in the lab. Such advances helped the Lawrence Livermore National Laboratory produce more fusion energy than the energy in the incoming laser beams, for the briefest of moments, in 2022. They also helped European researchers generate record amounts of fusion energy at a facility in Britain last year. What worries researchers is how much some fusion start-ups are promising, and how soon.

Persons: General Atomics, Lawrence, —, Charles Darwin’s, Lord Kelvin, Darwin, Arthur Eddington, Nicolas Tucat, Bill Gates, Jeff Bezos, Vinod Khosla, Sam Altman, Kitty, presale, Gerald Navratil, Navratil, “, it’s, ”, Robert Goldston, you’ve, David James Bartho, Simon Simard, Tony Stark, Robert Downey Jr, Stark, Bob Mumgaard, Mumgaard, Brandon Sorbom, Sorbom, “ We’re, Dr, Earl Marmar, Thea Energy, Salvador Dalí, Cary Forest, Grant Hindsley, Richard Magee, “ It’s, Jean Paul Allain, there’s, Steven Cowley, Cowley, ” David Gates, you’d, Gates, ” Thea, Thea, Eos Organizations: Nuclear Fusion Facility, Lawrence Livermore National Laboratory, Agence France, Princeton University, University of Sydney, Underwood Archives, Getty, Fairfax Media, Commonwealth Fusion Systems, SPARC, The New York Times, ARC, Commonwealth, The New York, Dawn Princeton Plasma Physics, tokamaks, That’s, Massachusetts Institute of Technology, Energy, Thea, Zap Energy, Helion, Microsoft, General Fusion, West, Technologies, Department of, Princeton Plasma Physics Locations: France, Columbia, Princeton, Harwell , England, Britain, Massachusetts, Russian, Commonwealth, Seattle, Vancouver, Southern California

☆ The Onion has won the bid for Infowars’ assets
▼ + stars: | 2024-11-14 | by ( Hadas Gold | ) edition.cnn.com time to read: +5 min

CNN —Satirical news site The Onion won the auction to acquire conspiracy theorist Alex Jones’ Infowars, which was sold off as part of a defamation settlement after he falsely called the Sandy Hook Elementary School massacre a hoax. The Onion’s bid was backed by the families of eight victims of school shooting and one first responder. Jones was previously ordered to pay $1.5 billion to families of the Sandy Hook shooting victims. Jones had used Infowars to spread some of the most disturbing and disgusting lies and conspiracy theories into the public discourse. Though Collins declined to detail the bid amount, he said it was the highest and that the funding came from The Onion itself.

Persons: Alex Jones ’, Jones, Sandy Hook, he’s, motorhome, ”, Ben Collins, ” Alex Jones, David J, Phillip, Collins, “ We’re, Chris Mattei, Alex Jones, Robbie Parker, Emilie, Infowars, Jones ’, Oliver Darcy Organizations: CNN, Elementary, Gun Safety Locations: Sandy, Houston, harm’s

☆ Caligan picks up a stake in Verona Pharma, seeing an opportunity to generate more value
▼ + stars: | 2024-11-09 | by ( Kenneth Squire | ) www.cnbc.com time to read: +7 min

It invests in a concentrated portfolio of small and midcap life sciences companies, using activism as a tool to unlock value. A successful drug like Ohtuvayre would not just increase the life expectancies of patients with COPD, but it would lower costs for both health-care providers and COPD patients. Currently, there are over 8.6 million U.S. COPD patients with over 4 million remaining symptomatic despite treatment from the current commercial therapies. In early pooling analysis, Ohtuvayre showed a 41% reduction in exacerbations in COPD patients, almost double brensocatib. When Caligan announced its Verona position last month, the stock was trading at $33.40 per share or a $2.5 billion enterprise value.

Persons: Caligan, David Johnson, Ohtuvayre, Verona's, Verona, MorphoSys, bode, Ken Squire Organizations: Verona Pharma, Caligan Partners, Carlyle Group, FDA, MorphoSys AG, Novartis, pharma, 13D Locations: Verona, London, MorphoSys, Caligan's

In President-elect Trump, these ascendant insurgents across the pond see a key ally, someone who shares their mix of authoritarianism, populism and extreme hostility to immigration. “We have big plans for the future!” posted Hungary’s Prime Minister Vikor Orbán, an influential Trump friend and ally, calling it “a much needed victory for the World!”Orban visited Trump at his Mar-a-Lago resort in Florida earlier this year. Hungarian Prime Minister Viktor Orban at an EU Summit in Budapest on Friday. The AfD is an anti-immigration, anti-Muslim political party that is being monitored by the country’s domestic intelligence agency for suspected extremism — something it denies. Argentina’s far right, libertarian president, Javier Milei, told Trump he could “count on Argentina to carry out your task.” And Israel’s ultranationalist National Security Minister Itamar Ben-Gvir reacted with a “Yesssss.”

Persons: Donald Trump’s, ”, Vikor Orbán, Trump, ” Orban, András, “, László, aren’t, Viktor Orban, Petr David Josek, Geert Wilders, Giorgia Meloni, Alice Weidel, Stefan Keuter, Christoph Reichwein, Siegbert Droese, ” Stefan Keuter, Vladimir Putin, Putin, Keuter, “ Trump, Javier Milei, Itamar Ben, Gvir Organizations: Trump, Hungary’s, Fidesz, NBC, EU, Washington, WIN, Getty, NBC News, Young Republicans, Nazi, National Locations: Lago, Florida, Budapest, Netherlands, Italy, Washington, Rome, Germany, Essen , Germany, Ukraine, Europe, Argentina

☆ CVS posts mixed results, holds off on guidance in Joyner's first earnings report as CEO
▼ + stars: | 2024-11-06 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +4 min

CVS Health on Wednesday reported mixed third-quarter results as higher medical costs squeezed its bottom line. The earnings report is CEO David Joyner's first at the helm of the troubled retail drugstore chain. CVS will provide commentary on what it expects "directionally" during its earnings call, the spokesperson said. "Establishing credibility and earning the trust of our investors is one of my top priorities as the new leader of CVS Health," Joyner said in a statement. CVS expects those premium deficiency reserves "to be substantially released" during the fourth quarter, which will benefit results in that period.

Persons: David Joyner's, Joyner, " Joyner, Steve Nelson, Nelson, Prem Shah, Karen Lynch Organizations: CVS Health, CNBC, CVS, Aetna, UnitedHealth, LSEG

The FBI identified Joseph Adams in this Jan. 6 bodycam footage. The FBI identified this man, circled in yellow, as Robert Piccirillo. Hundreds of other Jan. 6 rioters have been identified by the FBI and online sleuths investigating the Capitol attack, but have not been arrested. Trump promises pardons if re-electedThe fate of the Jan. 6 investigation hinges on the results of Tuesday’s election. Trump has repeatedly said he would “absolutely” pardon Jan. 6 rioters and denounced the Justice Department’s investigation.

Persons: WASHINGTON, Donald Trump, ”, sniffled, Troy Weeks, Aquilino, Weeks, “, ” Gonell, Weeks “, ” Troy Weeks, —, Edward Kelley, Kelley —, FBI Kelley, ” Robert Piccirillo, Bobby Pickles ”, Piccirillo, Richard Andrews, Keith Andrews, FBI Richard Andrews, FBI David Joynt, Joseph Adams, headfirst, Aaron Spanier, Robert Piccirillo, Andrew Shea, Shea, ” Shea, Trump, Jan, Department’s, Kelley, ” Jan, “ Trump, David Joynt, Ronald Reagan, Trump’s, he’d, ” Weeks, you’ve Organizations: Capitol Police, Capitol, Metropolitan Police, FBI, U.S . Capitol —, Federal Bureau of Investigation, New York Times, Washington , D.C, Authorities, Capitol . FBI, Trump, pitchfork, Republicans Locations: Washington, Tennessee, Florida, Palm, New Jersey, Jan, Washington ,, West Virginia, North Carolina, “, Illinois, Israel

☆ Rise of Middle-Class Shoplifters: Americans Are Stealing From Stores
▼ + stars: | 2024-11-03 | by ( Emily Stewart | ) www.businessinsider.com time to read: +18 min

And before you ask, no, he doesn't feel bad about it, especially when he pilfers from Whole Foods. AdvertisementBut there's also a lot we don't know about retail theft. "No, I don't feel bad about stealing from Jeff Bezos," one 20-something occasional shoplifter in Washington, DC, told me. "It doesn't feel like a world in which I can really get by and build a life very easily anymore, " he said. Advertisement"If most of this is happening in Walgreens and Walmart and places like that, I don't know, is it a problem?"

Persons: Carson's, he's, Carson, He's, shoplifts, Jeff Bezos, there's, it's, Joshua Jacobson, California who's, —, that's, Ernesto Lopez, they've, Jeff Prusan, Joe Schmoes, they're, Keith, shoplifter, That's, Donovan, Donovan's, snagging, she's, Jacobson, Jeff Bezos isn't, David Johnston, we're, hasn't, Emily Stewart Organizations: Walmart, Foods, Amazon, National Association of, Criminal, Atlantic, Depot, Target, Guardian, National Retail Federation, Business Locations: New York, California, Washington ,, Atlanta, Texas, Illinois, Walgreens

☆ Earnings playbook: Nearly 100 S&P 500 names are set to report, including three AI plays
▼ + stars: | 2024-11-03 | by ( Fred Imbert | ) www.cnbc.com time to read: +5 min

Artificial intelligence plays Palantir, Qualcomm and Super Micro Computer are among the 96 S & P 500 names on deck. Monday Palantir is set to report earnings after the bell, with a call scheduled for 5 p.m. This quarter: Earnings are expected to have soared more than 20% from the year-earlier period, per LSEG. Tuesday Super Micro Computer is set to report earnings after the close, followed by a call at 5 p.m. Qualcomm is set to report earnings after the close, with a call set for 4:45 p.m.

Persons: PLTR, SMCI, Ernst & Young, TD Cowen, Andrew Charles doesn't, Karen Lynch, David Joyner, Ross Seymore Organizations: Qualcomm, Apple, Microsoft, Meta, Investment, LSEG, Micro, Yum Brands, Brands, CVS, Revenue, VanEck Semiconductor, Deutsche Bank

☆ Queen Conker: How a 34-year-old from Indianapolis became the first American world champion of a sport you’ve never heard of
▼ + stars: | 2024-11-03 | by ( Jamie Barton | ) edition.cnn.com time to read: +7 min

CNN —There aren’t many world champions who didn’t know their sport existed a year before winning the title. Originally from Indianapolis, Banschbach moved to Suffolk, England, for work and took up the game entirely by chance last year. “Last fall, [I was] seeing all the conkers on the sidewalks and kind of wondering what they were,” she remembered. “It’s kind of funny because I had won on two separate occasions, and kind of joked that I was the reigning conker queen. But I specifically remember the commentator would say something like ‘Oh, we’ve never had an American winner,’” said Banschbach.

Persons: didn’t, conkers, Banschbach, “ It’s, ”, “, “ Little, ‘, ” Banschbach’s, Sue West, George, William, we’ve, ’, ’ ”, David Hodson “, Mama didn’t, David Jakins, King Conker, Kelci, David, Kelci Banschbach, David Jakins ’, Jakins, I’ll Organizations: CNN, CNN Sport, “, tote Locations: Great Britain, Ireland, Indianapolis, Suffolk, England, Northamptonshire

☆ Cramer's week ahead: The election, Fed decision and earnings from Super Micro, Arm, Qualcomm and CVS
▼ + stars: | 2024-11-01 | by ( Julie Coleman | ) www.cnbc.com time to read: +3 min

CNBC's Jim Cramer on Friday walked investors through next week's market action, highlighting the Federal Reserve's next meeting and earnings from Super Micro Computer. Despite the slew of earnings next week, Cramer said the presidential election will steal Wall Street's attention. Tuesday marks election day, and the polls remain deadlocked between Vice President Kamala Harris and former President Donald Trump. Cramer called Super Micro Computer's report "the most intriguing story" next week as shares declined recently when the tech company's auditor, Ernest & Young, resigned. The Fed will issue its decision on interest rates Thursday, and Cramer said the central bank needs to make a cut.

Persons: CNBC's Jim Cramer, Cramer, Berkshire Hathaway, —, Warren, Buffett, Kamala Harris, Donald Trump, Ferrari, Ernest & Young, David Joyner, he's Organizations: Micro, Berkshire, Constellation Energy, Builders FirstSource, Ferrari, CVS, Qualcomm, Fed, Arista Networks Locations: China, America

☆ Freddie Freeman wallops his way into World Series history with walk-off slam that’ll float forever
▼ + stars: | 2024-10-26 | by ( Jayson Stark | ) www.nytimes.com time to read: +14 min

They’re in that hallowed Extra-inning World Series Walk-off Club. (Jayne Kamin-Oncea / Imagn Images)This was the 693rd game in World Series history. But you would think wrong — because the complete list of men to do that consists of …Freddie Freeman! We had a hunch he was the first player in history to do that in a World Series. So little does Freeman know it, but what we saw Friday will go down in the annals as (what else) The Freddie Freeman Game.

Persons: Carlton Fisk … Kirby Puckett, Derek Jeter, David Freese, Freddie Freeman, “ Freddie, Michael Kopech, They’re, Freddie, Max Muncy ., Muncy, ” Muncy, Jayne Kamin, Freddie Freeman’s, Nelson Cruz, Cruz, wilder, Freeman, that’s, ” Freeman, “, Kirk Gibson limps, …, Kirk Gibson, Paul Casella, Geez, Chavez, Gibson, Freeman hadn’t, Freeman’s, “ Freddie’s, Kirk Gibson’s, Freeman wriggled, Terry Pendleton, Joe Carter, Mookie Betts, hadn’t, Francisco Lindor, Mark Vientos …, Johnny Mize Gil McDougald, Yogi Berra Bill Skowron, David Justice Lonnie Smith, Mookie Betts Freddie Freeman, … Dave Roberts, Juan Soto, Howie Kendrick, Roberts, I’ve, —, ”, they’ll, Jason Parkhurst, Nestor Cortes, Eric Orns, Cortes, Alex Verdugo, looper, Kirby Puckett, Derek Jeter “ Mr, Boone, Keith Birmingham Organizations: ANGELES, Dodgers, Yankees, ” Dodgers, Red Sox, 693rd, Univision, Dodger, Rosenthal, FOX Sports, Baseball, WS, MediaNews, Pasadena Star, Getty Locations: Southern California, California, Muncy, Spanish, ’

☆ The hottest trend in executive leadership: Bringing back the White Guy
▼ + stars: | 2024-10-22 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

New York CNN —Listen up, corporate boards: If you’re looking for the biggest trend in leadership this fall, look no further. Corporate America’s hottest CEO pick is a classic model — the Middle Aged White Guy. Just 52 businesses in the 2024 Fortune 500 ranking were run by women, holding flat from the year before. Obviously, White Guy CEO never went out of fashion — women have rarely represented more than 10% of Fortune 500 companies. But a rash of recent leadership shakeups illustrates the enduring power of the White Guy as a kind of capsule wardrobe for corporate leadership.

Persons: CNN Business ’, Guy, White Guy, Karen Lynch, David Joyner, Lynch, Laxman Narasimhan, Brian Niccol, Mellody Hobson, UnderArmour, Stephanie Linnartz, Kevin Plank, Disney’s Bob Iger, Disney, Morgan Stanley, James Gorman, that’s Iger, Gorman, Nathaniel Meyersohn Organizations: CNN Business, New York CNN, Corporate, Fortune, CVS, America, Indian, McKinsey Locations: New York, Niccol

☆ CVS replaces CEO as profits, share price suffer
▼ + stars: | 2024-10-18 | by ( Jacob Pramuk | Sara Salinas | ) www.nbcnews.com time to read: +2 min

Longtime CVS Health executive David Joyner has replaced Karen Lynch as CEO, as the company struggles to drive higher profits and stock performance, CVS announced Friday. CVS has faced challenges as higher medical costs weigh on its insurance unit, Aetna, and consumer spending drops at its retail pharmacies. It anticipates higher medical costs than previously expected, with a so-called medical benefit ratio of 95.2% in the quarter. CNBC reported last month that CVS’ board had engaged strategic advisors to weigh its options, including the potential of a breakup of its insurance and retail businesses. Lynch also stepped down from the company’s board of directors this week, the company said Friday.

Persons: David Joyner, Karen Lynch, CVS, ” CVS, Joyner, Lynch, “, David, Roger Farah, Farah Organizations: CVS, Aetna, Glenview Capital, CNBC, CVS Health

☆ Stocks making the biggest moves midday: Netflix, Apple, CVS Health, Lamb Weston, U.S. Cellular and more
▼ + stars: | 2024-10-18 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

Separately, CVS issued third-quarter adjusted earnings guidance between $1.05 and $1.10 per share, far weaker than the FactSet consensus estimate of $1.69 a share. MGP Ingredients — Shares tumbled 26% after MGP Ingredients, a distilled spirits producer, issued preliminary third-quarter earnings and revenue guidance that missed expectations. Earnings of $1.23 per share missed the FactSet consensus estimate of $1.34 in earnings per share. Comerica reported $1.33 in earnings per share, compared to $1.17 per share expected by analysts, according to FactSet. Still, adjusted earnings of 89 cents per share beat the expected earnings per share of 88 cents.

Persons: Lamb Weston —, Jana Partners, Lamb Weston, David Joyner, Karen Lynch, LSEG, LSEG ., Riley, Ally, FactSet, — CNBC's Sean Conlon, Michelle Fox, Alex Harring, Hakyung Kim, Jesse Pound Organizations: Netflix, U.S . Cellular, Telephone, Data Systems, U.S, Cellular, Verizon Communications, CVS, MGP, American, Apple —, Bloomberg, Counterpoint Research, Western, Western Alliance, LSEG, LSEG . Fifth Third, Fifth Third Bancorp, Comerica, Holdings Locations: U.S, China

☆ Stocks making the biggest moves premarket: American Express, Procter & Gamble, Netflix, CVS Health and more
▼ + stars: | 2024-10-18 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +4 min

The household goods maker posted $21.74 billion in revenue while analysts polled by LSEG had estimated $21.91 billion. WD-40 — The maintenance product maker's shares fell 4% after a disappointing fiscal fourth-quarter earnings report. Despite posting a top-line beat of $823 million in revenue versus LSEG analysts' estimates for $808 million, net interest income fell 3% in the third-quarter. Revenue of $9.16 billion fell below the $9.25 billion LSEG consensus forecast. Ally Financial – The digital bank stock fell nearly 1% despite earnings beating analysts' estimates in the third quarter.

Persons: Gamble, LSEG, David Joyner, Karen Lynch, B.Riley, SLB, Schlumberger, FactSet, — CNBC's Pia Singh, Sarah Min, Jesse Pound, Michelle Fox Organizations: Procter, Netflix, CVS, FactSet, Western Alliance Bancorp, Apple, Bloomberg, Crown Holdings, Holdings, Comerica Locations: China

☆ CVS names new CEO in the wake of layoffs and poor stock performance
▼ + stars: | 2024-10-18 | by ( Erika Tulfo | ) edition.cnn.com time to read: +3 min

CNN —America’s largest drug store chain named a new chief executive officer on Friday, with longtime CVS Health executive David Joyner replacing Karen Lynch. In August, rising costs at CVS’ insurance arm Aetna cut into profits, leading to the ousting of then-president Brian Kane. Charles Krupa/AP/FileLower reimbursement rates for prescription drugs have hit retail pharmacies, including Walgreens and Rite-Aid, resulting in flagging profits and forcing drug stores to shutter locations and cut jobs. Meanwhile, rival chain Walgreens is closing 1,200 stores as it faces competition from online pharmacies and larger retailers — another challenge facing drug stores. Our results need to show that more consistently,” a CVS Health spokesperson told CNN in a statement.

Persons: CNN —, David Joyner, Karen Lynch, Brian Kane, Lynch, ” Julie Utterback, Charles Krupa, Joyner, David, Roger Farah Organizations: CNN, CVS Health, CVS, Aetna, Federal Trade Commission, Morningstar, Boston College's, Club, Walgreens, Rite, ” Locations: Boston

☆ CVS to replace CEO Karen Lynch with exec David Joyner as profits, share price suffer
▼ + stars: | 2024-10-18 | by ( Jacob Pramuk | ) www.cnbc.com time to read: +1 min

A general view shows a sign of CVS Health Customer Support Center in CVS headquarters of CVS Health Corp in Woonsocket, Rhode Island, U.S. October 30, 2023. Longtime CVS Health executive David Joyner has replaced Karen Lynch as CEO, as the company struggles to drive higher profits and stock performance, CVS announced Friday. The move, effective Thursday, comes as CVS shares have fallen nearly 20% this year. CVS has faced challenges as higher medical costs weigh on its insurance unit, Aetna, and consumer spending drops at its retail pharmacies. It anticipates higher medical costs than previously expected, with a so-called medical benefit ratio of 95.2% in the quarter.

Persons: David Joyner, Karen Lynch, CVS Organizations: CVS, CVS Health Corp, Aetna Locations: Woonsocket , Rhode Island, U.S

County election officials in Florida, meanwhile, are facing a potential new challenge after Hurricane Milton made landfall on its western coast late Wednesday. Other county election offices in the state similarly said this week that that they would perform fresh assessments of their election infrastructure following Milton. Chris O'Meara/AP David Jalving throws outdoor furniture into his father's pool in Fort Myers to prepare for Hurricane Milton. Marta Lavandier/AP A man in Progreso boards up an apartment building to protect it from Hurricane Milton on Monday. “We should have the most poll workers we’ve ever had here in Oconee County,” said Ryan Nowland, assistant director of Oconee County elections.

Persons: Hurricane Helene, “ I’ve, ”, Mary Beth Tipton, “ We’ve, ” Tipton, Yancey County, Hurricane Milton, “, ” Brian Corley, Milton, Robert Inman, Inman, Cliff Marr, Marr, ” Marr, Helene, Karen Brinson Bell, Bell, Corinne Duncan, Duncan, ” Duncan, Christopher Heath, Ron DeSantis, Corley, Bill Nye, CNN Kari Ewalt, Osceola, ” Ewalt, they’re, Conway Belangia, I’ve, Belangia, Connie Gore, Cecelia Smith, Crystal Vander, Miguel J, Rodriguez Carrillo, Robert Turick, Turick, Rebecca Blackwell, Cristobal Herrera, Julio Cortez, Giorgio Viera, Ricardo Arduengo, Liz Kelly, Matt, Andrew West, Chandan Khanna, Nadia Zomorodian, Austin, Joe Raedle, Sean Rayford, Marta Lavandier, Jefferee Woo, Bryan R, Smith, Chris Urso, Marco Bello, Brandon Marlow, Marie Cook, Bill Ingram, Reuters Stephen Lundgren, Doug Engle, Ron Rook, Paul Hennessy, Saul Martinez, Payton Wyse, Andrew Goncharsky, Christian Burke, Lee, Connor Ferran, Fort Myers, Nicolette Mariano, Kaila Jones, Damon Higgins, Ted Carlson, McKenzie, Evan Purcell, Purcell's, Anna Maria Island, Carlson, Yamil Lage, Matthew Dominick, NASA Aurelio Ortiz, Lorenzo Hernandez, Mike Carlson, Jose Luis Gonzalez, Reuters John Fedor, Chris O'Meara, David Jalving, Pete, Octavio Jones, Tristan Wheelock, Gerald, Martin Zetina, Gregg Newton, ” Belangia, we’ve, Ryan Nowland, “ We’re, everyone’s Organizations: CNN, Trump, Hurricane, “ Communications, Republican, Republican Gov, Voters, Osceola County’s, South, USA, AFP, Getty, AP, Daytona, Network, Reuters, Bradenton, Tropicana, Major League, Tampa Bay Rays, Celtic Ray Public, Tampa Bay Times, NOAA, Vanguard, School, Ocala, Orlando International Airport, Anadolu, Disney, Fort, Palm Beach Daily, Florida Army National Guard, Tampa General Hospital, NASA, International, Milton, Tampa International Airport, Bloomberg, AP Contractors, New Port Richey, AP Tropicana Locations: Carolina, Hurricane, North Carolina’s Yancey County, Yancey, Florida, Florida’s Pasco County, North Carolina, North Carolina’s, Haywood County, North Carolina’s Polk County, ”, Buncombe County, Asheville, Covid, Orange County, Milton, Pasco County, South Carolina, Greenville County, ” County, Martin County , Florida, Port St Lucie , Florida, Englewood , Florida, Manasota Key, Hurricane Milton, Venice , Florida, Riverview , Florida, Lakewood Park , Florida, Siesta Key, Punta Gorda , Florida, North Fort Myers , Florida, Siesta, Volusia, South Daytona , Florida, Bradenton Beach, St . Petersburg, Punta Gorda, Odessa , Florida, Venice, Matlacha , Florida, Palmetto Beach, Tampa, Bradenton , Florida, St . Petersburg , Florida, Clearwater, AFP, Sarasota , Florida, Segundo, Davis, Fort Myers , Florida, Wellington , Florida, Palm, Ocala , Florida, County, Wellington, Orlando, Gulfport , Florida, Lee County, Fort Myers, Sebastian , Florida, Palm Beach , Florida, Palm Beach, Havana, Cuba, Celestún, Mexico, Port Richey , Florida, Tampa Bay, Treasure Island , Florida, St, Pete Beach , Florida, Treasure, Fort Myers Beach, Progreso, New Port, Kissimmee , Florida, Pickens County, Oconee County, Oconee

☆ Google's CEO explains what the company looks for in entry-level job applicants
▼ + stars: | 2024-10-11 | by ( Tim Paradis | ) www.businessinsider.com time to read: +4 min

Job seekers often face a tougher tech job market; firms are demanding more entry-level roles. AdvertisementLanding a job in techOf course, it's little surprise that most candidates would take the job, given that it's a prestigious company. Tech veteran David Jolles previously told BI that he'd moved to the Atlanta area after about four decades in Silicon Valley. He previously told BI that, little surprise, people who want to nail a job interview should make sure they're prepared. Beyond that, he said, job candidates should have stories ready about topics like a successful project they completed or a career highlight.

Persons: Sundar Pichai, Pichai, —, David Rubenstein, It's, it's, Jason Henninger, Heller, David Jolles, he'd, Jolles, Nolan Church, they're Organizations: Google, Service, Business, Tech Locations: Area, Atlanta, Silicon Valley, It's

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