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During his tenure, Williams secured convictions against Menendez, the longtime Democratic senator from New Jersey, on bribery charges; FTX CEO Bankman-Fried on fraud charges; and Maxwell on sex trafficking charges. Those awaiting trial include Adams on bribery and wire fraud charges and Combs on an array of charges that include sex trafficking and racketeering. In his statement, Williams called his decision to step down "bittersweet." Trump initially nominated Clayton for the post in 2020, but his nomination was scuttled amid opposition from New York Sens. In his statement announcing Clayton's nomination, Trump called him "a highly respected business leader, counsel, and public servant."

Persons: Sen, Robert Menendez, Jeffrey Epstein's, Ghislaine Maxwell, Sam Bankman, Fried, ” Damian Williams, Eric Adams, Sean “ Diddy ” Combs, Williams, Joe Biden, Donald Trump, Rudy Giuliani, Menendez, Bankman, Maxwell, Adams, Combs, Trump, Edward Y, Kim, Jay Clayton, Clayton, Chuck Schumer, Kirsten Gillibrand, Geoffrey Berman's, Berman, Berman's, Audrey Strauss, Preet Bharara, Jay Organizations: Southern, of New, New York City, Manhattan U.S, Democratic, Securities and Exchange Commission, U.S, Clayton Locations: of New York, New York, New Jersey, New York Sens

☆ Boris Johnson said Queen Elizabeth II had bone cancer. It's not unusual for royals to keep health troubles private.
▼ + stars: | 2024-10-02 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +7 min

Former Prime Minister Boris Johnson wrote in his memoir that Queen Elizabeth II had bone cancer. AdvertisementAfter Queen Elizabeth died on September 8, 2022, her official cause of death was listed as old age. Queen Elizabeth II's father died of lung cancer, which Harris said George himself may not have seen coming. "Both Queen Elizabeth II and Prince Philip always wanted the headlines to be focused on the work of the monarchy rather than their individual health conditions," Harris said. Queen Elizabeth and Prince Philip were both private about their health.

Persons: Boris Johnson, Queen Elizabeth II, King Charles III, —, Elizabeth, Johnson, Edward Young, wasn't, Gyles Brandreth, Buckingham, Carolyn Harris, King George VI's, Queen Elizabeth II's, Harris, George, Prince Philip, King George VI, Princess Elizabeth, Lisa Sheridan, Lisa, Kristen Meinzer, Queen Elizabeth, Tim Graham, Philip, Liz Truss, Meinzer, David Cameron, Charles, Kate Middleton, Princess, Wales, King Charles, Samir Hussein, King Charles III's, Prince of Wales, Jonathan Dimbleby, Kate, it's Organizations: Service, The Daily, Business, Getty Locations: Balmoral, Scotland

☆ Boris Johnson claims in memoir Queen Elizabeth II had bone cancer
▼ + stars: | 2024-10-01 | by ( Lauren Said-Moorhouse | Max Foster | ) edition.cnn.com time to read: +3 min

London CNN —Former British Prime Minister Boris Johnson has controversially broken royal protocol and claimed in his upcoming memoir that Queen Elizabeth II was suffering from bone cancer before her death. Johnson isn’t the first prime minister to reminisce about his life, time in office and interactions with the late Queen in an autobiography. Buckingham Palace has a policy not to comment on books released about the royal family and as such has not confirmed or denied Johnson’s assertions. Johnson, who served as prime minister between 2019 and 2022, recalls traveling to the royal residence of Balmoral for the customary outgoing audience and resignation. Thinking back on that last time the pair sat together in the Queen’s drawing room, Johnson said that he understood Young’s forewarning.

Persons: Boris Johnson, Queen Elizabeth II, Johnson, Elizabeth II’s, “, ”, Johnson isn’t, Tony Blair, Gordon Brown, David Cameron, Buckingham, Edward Young, Young’s, Edward, –, ” Johnson, Queen, King Charles III, Catherine , Princess Organizations: London CNN — Former British, Daily Mail, CNN’s Royal Locations: Balmoral, Scotland, Wales

☆ Fed's rate cut may spark a 'melt-up,' says president of Yardeni Research
▼ + stars: | 2024-09-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed's rate cut may spark a 'melt-up,' says president of Yardeni ResearchEdward Yardeni, president of Yardeni Research, joins ‘Closing Bell’ to discuss warning signs of a melt-up, the markets' response to Wednesday's rate cut, and more.

Persons: Edward Yardeni, Bell Organizations: Yardeni

☆ The economy is fine despite the recent jobs data, says Ed Yardeni
▼ + stars: | 2024-08-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe economy is fine despite the recent jobs data, says Ed YardeniEdward Yardeni, Yardeni Research, joins 'Closing Bell' to discuss markets, the Fed and the economy.

Persons: Ed Yardeni Edward Yardeni Organizations: Fed

☆ Japan's yen had a rollercoaster week amid suspected intervention. Here's what you need to know
▼ + stars: | 2024-05-03 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +3 min

An undated photographic illustration of Japanese yen and the U.S. dollar bank notes. The yen touched 160.03 against the greenback on Monday, for the first time since 1990, but strengthened to 156 levels later that day amid speculation about an intervention by Japanese authorities. Japanese authorities are yet to issue an official statement confirming their role in propping up the currency. In the last few decades, while other global central banks have tightened their policies, Japan had maintained its ultra-loose policy, leading to concentrated carry trades in the Japanese yen. Market participants believe Japanese authorities will intervene further to prop up the currency.

Persons: Glowimages, they've, Nicholas Smith, Kazuo Ueda, Edward Yardeni Organizations: U.S, Glowimages, CNBC, Bank of America Global Research, Bank of Japan, Bank of, Federal Reserve, Yardeni Research Locations: propping, Japan, U.S, Bank of Japan

☆ Trump seeks to crush Haley’s 2024 dreams and put a lock on nomination this week
▼ + stars: | 2024-01-21 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

Manchester, New Hampshire CNN —Donald Trump is demanding far more than a win in Tuesday’s New Hampshire primary. That’s what we are here to tell you what we in South Carolina want,” 76-year-old Gov. It was also a clear attempt at intimidating Haley into folding her campaign if she loses Tuesday, before the race even gets to South Carolina. In the CNN poll, conducted by the University of New Hampshire, Trump has expanded his lead with 50% support among likely GOP voters while Haley stands at 39%. The former South Carolina governor suffered a similar enthusiasm gap in Iowa, and after Sunday, she has only a day to turn it around in New Hampshire.

Persons: New Hampshire CNN — Donald Trump, Nikki Haley, Trump, Haley’s, Haley, It’s, ” Trump, Henry McMaster, baying Trump, ” McMaster, Russell Fry, Mr, Donald Trump, South Carolina Sen, Tim Scott, “ I’m, ” Scott, CNN’s Dana, “, ”, Biden, ‘, Trumper, …, Chris Sununu, credibly, “ I’ve, ” Sununu, Ron DeSantis, Bill Clinton, Sen, John McCain’s, George W, Bush, Hillary Clinton’s, Barack Obama, She’s, Joe Biden, America, Kim Jong, Nancy Pelosi, ” Haley, Judith Sheindlin, Judy, Viktor Orban, Edward Young –, – Organizations: New Hampshire CNN, Republican, CNN, GOP, Republicans, Spice, . South Carolina Rep, Trump, South, Republican Gov, NBC, Carolina showboating, University of New, Florida Gov, Iowa, New Hampshire –, Capitol, Hungarian, “ YMCA ”, Village People, “ Trump Locations: Manchester, New Hampshire, Tuesday’s New Hampshire, South Carolina, Iowa, Carolina, Southern, British, ., Myrtle Beach, China, Carolinians, “ State, New Hampshire Trump’s, University of New Hampshire, Keene , New Hampshire, Brick , New Jersey

LONDON (AP) — A lawyer for Prince Harry on Tuesday challenged the U.K. government’s decision to strip him of his security detail after he gave up his status as a working member of the royal family and moved to the United States. Harry, whose wife is biracial, cited what he said were racist attitudes and unbearable intrusions of the British media in his decision to leave the United Kingdom. Eadie also said there was a cost factor, because security funds aren’t unlimited. Harry said the committee unfairly nixed his security request without hearing from him personally and didn't disclose the panel’s composition, which he later learned included royal family staff. The case is one of five that Harry has pending in the High Court.

Persons: —, Prince Harry, Duke, Sussex, Shaheed Fatima, “, Fatima, ”, Harry wasn't, Harry, shouldn't, ” Harry, King Charles III, Meghan Markle, Diana, James Eadie, Eadie, Edward Young, Queen Elizabeth II Organizations: Royal, VIP, Kew, Court, Daily Mail, Mail, Daily, Sun Locations: United States, London, Britain, Paris, United Kingdom, Canada, California

☆ Is the Holiday Shopping Season Going to Be a Success? The Answer Is Murky.
▼ + stars: | 2023-12-01 | by ( J. Edward Moreno | More About J. Edward Moreno | ) www.nytimes.com time to read: +2 min

kept its forecast that holiday sales — from Nov. 1 to Dec. 31 — would grow 3 to 4 percent this year. Mastercard, for example, said sales both in stores and online rose 2.5 percent on Nov. 24, from a year earlier. Like Mastercard’s estimate, the retail consultancy forecast that — adjusted for inflation — sales slipped slightly, Mr. Johnson said. If stores have too much inventory on hand, they may have to cut prices more than expected, which would erode their profits. “Really for the first time in four quarters, we are seeing retailers get inventories better aligned with sales,” Mr. Yruma said.

Persons: ” Matthew Shay, ”, Craig Johnson, Johnson, Edward Yruma, Piper Sandler, Mr, Yruma, “ Organizations: National Retail Federation, Mastercard, Growth Partners, Target

☆ Walmart can rally more than 30% as it gains grocery market share, Piper Sandler says
▼ + stars: | 2023-07-25 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Walmart has a chance to grow its market share in the grocery business, which could boost the stock in a big way, according to Piper Sandler. The firm upgraded the retail giant to overweight from neutral Monday and raised its price target to $210 per share from $145. Analyst Edward Yruma said the company will benefit as grocery inflation eases, allowing it to take more market share in the space. Walmart stock has climbed more than 12% in 2023. WMT YTD mountain Walmart stock has added more than 12% from the start of the year.

Persons: Piper Sandler, Piper, Edward Yruma, Yruma, — CNBC's Michael Bloom Organizations: Walmart

☆ Stocks making the biggest moves before the bell: General Motors, 3M, Spotify, Verizon and more
▼ + stars: | 2023-07-25 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

General Motors — Shares of General Motors rose more than 1% after the automaker raised its full-year guidance and reported second-quarter results that rose on a year-over-year basis. 3M posted $7.99 billion in revenue, beating analysts' estimates of $7.87 billion, according to Refinitiv. The company also raised its full-year earnings guidance and reaffirmed its revenue guidance. The airline's full-year earnings guidance of $5.50 to $7.50 per share was roughly in-line with the average analyst estimates of $6.65, according to FactSet. Verizon — The telecommunications giant traded 2.6% higher after reaffirming its full-year guidance.

Persons: Danaher, FactSet, Lilium, Refinitiv, Piper Sandler, Edward Yruma, —, Samantha Subin, Yun Li, Jesse Pound, Sarah Min, Tanaya Macheel Organizations: General Motors, Xerox, FactSet, General, GE, Spotify, European Union Aviation Safety Agency, Alaska Air, Raytheon, Refinitiv, Verizon, Walmart Locations: Alaska

☆ Teens drive $67 billion in spending. Here's where they're putting their money, and why it's bad news for some stocks
▼ + stars: | 2023-04-07 | by ( Christina Cheddar Berk | ) www.cnbc.com time to read: +4 min

The wide-ranging survey saw teenagers reporting their spending this year will rise 2% from the spring of 2022 to $2,419. Gen Z girls are planning to pull back on clothing spending, which could spell trouble for apparel stocks in the months ahead. It's the top choice of places to shop for about 9% of the upper-income teens in the survey, Piper said. According to the survey, 49% of upper-income teens have purchased clothes on secondhand marketplaces like Poshmark, The RealReal and ThredUp , or at local thrift stores. Nike remains entrenched as the top apparel brand among all teens, a position it's held for more than 12 years.

☆ This e-commerce stock can get a boost as active buyer growth reaccelerates, Piper Sandler says
▼ + stars: | 2023-04-04 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Piper Sandler is getting more bullish on shares of Etsy , predicting strong growth tailwinds for the stock in the months ahead. '"While macro remains choppy, ETSY's 28% [last 12 month] EBITDA margin and L-T growth opportunities make this one of the highest quality names in our coverage," he wrote. The analyst also views shares as inexpensive, noting that they trade close to trough valuation and significantly below the company's four-year enterprise value-to-EBITDA ratio average. Yruma upped his price target on shares to $140 from $135, implying about 29% upside from Monday's close. "While we acknowledge that macro conditions remain pressured and consumer spending may be tipping to the downside, we believe ETSY has growth company characteristics at a GARP valuation," he said.

☆ Sales pick-up from disappointed Bed Bath & Beyond customers could add significantly to this retailer's earnings
▼ + stars: | 2023-02-08 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Bed Bath & Beyond received a lifeline that should help it stave off bankruptcy for at least a while. Regardless, big-box retailer Target will benefit from a pick-up in home furnishings sales , even as Bed Bath & Beyond continues to kick the can down the road, Piper Sandler analysts say. More than 400 store closures are expected from Bed Bath & Beyond, which Piper Sandler expects will bolster nearby Target locations. The firm found that a Target store is within 2.1 miles on average from the announced store closures. We believe that a medium-term earnings recovery scenario of $12 in EPS (~6% EBIT margin) is reasonable," Yruma wrote.

☆ Black Friday was better than feared for retail stocks — Two potential big winners
▼ + stars: | 2022-11-28 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

Black Friday was better than expected for retailers this year, with discount names Walmart and Costco poised to be among the season's winners, according to Bank of America. The big-box retailer made significant price investments to offer deeper discounts and traffic appeared very strong in stores, Ohmes noted. "Specialty retailers appeared to be relative winners while we observed decent trends across the discounters and department stores," said analyst Krisztina Katai. Morgan Stanley also called out strong traffic results for Lululemon and American Eagle, as well as Abercrombie & Fitch and Victoria's Secret. "These strong traffic results were achieved despite 1) similar or lower y/y discounting levels, & /or 2) discounting activity below total sector averages.

☆ Watch CNBC’s full interview with BMO's Simeon Siegel and Piper Sandler's Edward Yruma
▼ + stars: | 2022-11-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with BMO's Simeon Siegel and Piper Sandler's Edward YrumaBMO's Simeon Siegel and Piper Sandler's Edward Yruma, join 'Closing Bell' to discuss retail on 'Black Friday' and consumer behavior.

☆ These discounted e-commerce stocks could be winners this holiday season. Here’s why
▼ + stars: | 2022-11-24 | by ( Christina Cheddar Berk | ) www.cnbc.com time to read: +8 min

The National Retail Federation expects holiday sales growth of about 6% to 8% over 2021 — about in line with inflation. Adobe Analytics is predicting U.S. online sales during November and December will grow 2.5% from last year. "The last few years, we actually saw an incredible amount of sales demand momentum, if you will, really early in the season." Her observations, which are based on data from hundreds of clients she works with, echo findings from Adobe Analytics, released Wednesday, that show a slow start to online sales in November. "I think [investors] should expect a continued commitment to sustainable growth and what we mean by that is sort of aggressive, ambitious growth coupled with expanding profitability," he said.

☆ Wall St Week Ahead With Black Friday ahead, investors look to U.S. consumer stocks
▼ + stars: | 2022-11-18 | by ( David Randall | ) www.reuters.com time to read: +4 min

Consumer discretionary stocks, a group whose members run the gamut from Amazon.com Inc (AMZN.O) and automaker Tesla Inc (TSLA.O) to retailer Target Corp (TGT.N), have been walloped by surging prices, with the S&P 500’s consumer discretionary sector falling nearly 33% for the year to date compared with a nearly 17% fall for the broader index. Investors poured a net $1.05 billion into consumer discretionary stocks in the past week, the sixth-largest weekly inflows since 2008, data from BofA Global Research showed. “Everybody is watching the strength of the consumer and so far the consumer has held.”Yruma is bullish on retailers Nordstrom Inc (JWN.N) and Target. To be sure, consumer stocks have had more than their fair share of woes this year. The bank's analysts are underweight the consumer discretionary sector.

☆ It’s not just you. Tommy Bahama beach chairs are everywhere
▼ + stars: | 2022-09-03 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +5 min

“You see them all over most major coastal beaches during the summertime.”A Tommy Bahama beach chair in Santa Rosa Beach, Florida. Tommy Bahama doesn’t make its chairs and beach goods. Instead, Tommy Bahama licenses its name and design for the beach goods and receives royalties from sales at retailers. So they came up with “‘Tommy Bahama’ because I liked the resonation of the two words together.”The founders had recently left the company, and the country was suffering through the Great Recession, which dragged down Tommy Bahama sales. Correction: Tommy Bahama CEO Doug Wood said the company sells up to two million of its beach chairs a year and 700,000 umbrellas annually.

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