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Comcast announced a plan Wednesday to spin off most of its cable television networks into a separate publicly traded company. The new company will include the USA Network, CNBC, MSNBC, Oxygen, E!, SYFY and the Golf Channel. Comcast will retain key NBCUniversal assets, including the NBC broadcast network, NBC News, NBC Sports, the streaming service Peacock, and the cable channel Bravo. The move comes as the traditional cable television bundle faces stiff economic headwinds, most notably the rise of cord-cutting and the shift to streaming alternatives. Matt Strauss will become chairman of the NBCUniversal Media Group.
Persons: Mike Cavanagh, ” Cavanagh, , Cavanagh, Mark Lazarus, Anand Kini, Dan Ives, , ” Rich Greenfield, ” Greenfield, Cesar Conde, Conde “, ” Donna Langley, Peacock, Matt Strauss, Mark Woodbury Organizations: Comcast, USA Network, CNBC, MSNBC, SYFY, Golf Channel, NBC, NBC News, NBC Sports, Bravo, Wall Street Journal, Wedbush Securities, LightShed Partners, Wednesday, NBCUniversal, Group, Telemundo, NBCUniversal Entertainment, Studios, NBCUniversal Media, Universal, General Electric, Netflix, Amazon Prime Locations: NBCUniversal
We're raising our TJX price target to $135 per share from $130. The combined T.J. Maxx and Marshalls business unit was impacted by temporary closures resulting from hurricanes Helene and Milton. Guidance TJX sees fiscal 2025 fourth quarter EPS in the range of $1.12 to $1.14, which is below the $1.17 expected. Outside of North America, T.J. Maxx is known as T.K. North Miami Beach, Florida, T.J. Maxx & HomeGoods discount department store, furniture display and welcome sign.
Persons: HomeGoods, Ernie Herrman, Helene, Milton, TJX, Herrman, John Klinger, , Klinger, Maxx, Jim Cramer's, Jim Cramer, Jim, Jeff Greenberg Organizations: TJX Companies, TJX, Marshalls, Ross Stores, Burlington Stores, CNBC, North, Maxx, Getty Locations: Maxx, HomeGoods, Canada, United States, Spain, North America, North Miami Beach , Florida
The outlook for equity markets looks "decent" going into 2025, according to Barclays, as central banks cut interest rates and the global economy remains resilient. The bank named "overweight-rated stocks in which our analysts have high conviction in 2025 and see value in owning on an individual basis." Here are three of Barclays' top picks, which it gives over 35% upside potential: Shell Barclays is bullish on Shell and has a target price of £36 ($45.60) on the stock, giving it around 40% upside potential. They are currently trading around a three-times discount to their five-year average, Barclays' analysts said. Barclays has a target price of 160 euros ($169.50) on the Amsterdam-listed stock, giving it 44% potential upside.
Persons: BeSi, — CNBC's Michael Bloom Organizations: Barclays, Shell Barclays, Shell, London Stock Exchange, AstraZeneca, London, Stockholm Stock Exchanges, BE Semiconductor, BE Semiconductor Industries, Euronext Locations: U.S, , Euronext Amsterdam, Amsterdam
Patients were recruited from 142 centers in 32 countries and given standardized questionnaires to measure risk factors, according to the study. “This study looked at the association between modifiable risk factors with severe and mild-moderate stroke. “Our study highlights that some risk factors are particularly important for severe stroke. Reducing salt in your diet, avoiding high-cholesterol foods, and eating fresh fruits and vegetables can help to lower blood pressure. Keeping active can also lower blood pressure and help you maintain a healthy weight.
Persons: , Steve Messe, wasn’t, Catriona Reddin, Catriona, Andrew Freeman, Freeman, hasn’t, “ It’s, ” Freeman Organizations: CNN, University of Pennsylvania, US Centers for Disease Control, University Hospital Galway, University of Galway, Jewish Health, Cleveland Clinic, American Heart Association Locations: United States, Ireland, Denver
It's the second mattress from bed-in-a-box brand Tuft & Needle, which now has four mattresses in total (including a hybrid version of the Mint Mattress). Connie Chen/Business InsiderThe Mint mattress is an upgrade from the company's Original Mattress, a 10-inch, medium-firm mattress. You can check out our Tuft & Needle Original Mattress review for our full thoughts, but it's a basic and comfortable mattress at a cheaper price point. We also have guides for specific needs, including the best cooling mattress, the best mattress for side sleepers, the best foam mattress, the best hybrid mattress, and the best mattress for back pain. If you're set on a Tuft & Needle mattress, you may also consider looking at our Tuft & Needle Original Mattress review for a cheaper option from the company.
Persons: Connie Chen, you'll, I've, I'm, it's Organizations: Business, Greenguard
Don't sweat the drop in Palo Alto Networks stock, which came despite a solid beat and raise after Wednesday's closing bell. Bottom line Palo Alto Networks is off to a strong start to its fiscal year 2025. Palo Alto Networks passed through the fiscal first-quarter earnings beat into its full-year fiscal 2025 outlook. NGS ARR includes revenue for Palo Alto Network's Prisma, Cortex, QRadar, and certain cloud-delivered security services. Nikesh Arora, Chairman and CEO of Palo Alto Networks, speaking at the TEC Summit on October 29, 2019 in New York City.
Persons: Platformization, We're, Palo, Nikesh Arora, Arora, Jim Cramer, SASE, billings, Jim Cramer's, Jim, Astrid Stawiarz Organizations: Palo Alto Networks, Palo, LSEG, Palo Alto, Alto Networks, Cisco Systems, cybersecurity, Street, Management, CNBC, TEC Summit Locations: Palo, platformization, Palo Alto, New York City
It more than doubled the criteria needed to be designated a bomb cyclone from Monday night to Tuesday night. A storm off the Northwest coast strengthens rapidly Tuesday, earning the bomb cyclone designation. Gusts up to 60 mph slammed western Oregon and Northern California endured gusts up to 80 mph. Another bomb cyclone? Another bomb cyclone could develop and rapidly strengthen just off the West Coast on Friday.
Persons: ” “, Rob Corcoran’s, ” Corcoran, , Rob Corcoran's, Rob Corcoran, KIRO, , Isaac Yee, Sara Smart, Mike Madrigal Organizations: CNN, BC Hydro, Puget Sound Energy, County Fire Department, Puget Sound, Washington, Amtrak, KIRO, National Weather Service, Pacific Northwest, Weather Locations: Pacific Northwest, British Columbia, West, Washington, Seattle, Bellevue, County, Maple Valley, Lake Tapps , Washington, Stanwood, Medford , Oregon, Oregon, Northern California, Pacific, Eureka , California, California, San Francisco Bay, Coast
A changing ChinaIt was a different world in the late 2000s and early 2010s, when Chinese students first began surging overseas. In 2020, the US revoked visas for more than 1,000 Chinese students and researchers deemed security risks. In January this year, Chinese foreign ministry spokesperson Wang Wenbin said in a briefing that “dozens of Chinese nationals, including international students, have been forcibly deported by the US each month.” He decried it as “discriminatory,” urging the US to protect the rights of Chinese students abroad. The Covid yearsThe number of Chinese students in the US plunged during the pandemic and hasn’t rebounded since. “Since the economic sanctions and tech restrictions started in 2018, many (Chinese) students have been sent back home,” one user wrote on Weibo.
Persons: , , Mallie Prytherch, , , Donald Trump’s, ” Prytherch, Trump, Prytherch, Joe Biden, Wang Wenbin, Li Jing, hasn’t, Mirka Martel, Steven Hon, didn’t, Hon, Marianne Craven, they’ve Organizations: Hong Kong CNN, Education consultancies, State Department, of International Education, University of Hong Kong’s, Contemporary, Beijing, World Trade Organization, Games, America, Fulbright, Trump, Tsinghua University, CNN, Institute of International Education, Education, , Ivy League Locations: Hong Kong, United States, China, India, America, Contemporary China, , Beijing, cybersecurity, Macau, Weibo, Canada, Australia, American
Netflix's record-breaking boxing match between legend Mike Tyson and influencer Jake Paul cements the company's status as the winner in streaming, according to Pivotal Research Group. The firm raised its price target on Netflix to a Wall Street-high $1,100. Pivotal said the change accounts for higher medium- and long-term subscriber and revenue estimates following the bout. The event shown on Netflix notched 65 million live concurrent streams and 108 million total live viewers worldwide, making it the most-streamed global sporting event on record. NFLX YTD mountain Netflix shares in 2024 "Our view remains unchanged that Netflix has won the global streaming race as evidenced by YTD results/raised guidance (especially relative to its streaming peers' results), and this is what, in our opinion, winning looks like," the analyst said.
Persons: Mike Tyson, Jake Paul, Tyson, Paul, Jeffrey Wlodarczak, Wlodarczak Organizations: Research, Netflix
New York City declared a drought warning on Monday, its first in 22 years, as the Northeast deals with severe dry conditions and brush fires during a historically dry autumn. The last drought warning in New York City was issued in 2002. Under a warning city agencies adopt drought protocols and voluntary water conservation is encouraged for New Yorkers. New York City's water supply needs almost 8 inches of rain to reach normal levels, officials said. Kathy Hochul also declared a statewide drought watch on Monday citing “a historic shortage of rainfall” and elevated 15 counties in the Mid-Hudson region and New York City, to a drought warning.
Persons: Eric Adams, , ” Adams, Kena Betancur, Adams, ” Rohit Aggarwala, Kathy Hochul, Terence O’Leary Organizations: York City, city’s Department of Environmental, New Yorkers, , NYC's Department of Environmental Protection, , Department of Environmental Conservation, NYS Division of Homeland Security, Emergency Services, Sterling Forest, New York, Park Police, New, New Jersey Forest Fire Service, National Weather Service Locations: York, New York, New York City, Greenwood Lake, N.Y, Delaware, Catskill, New, Hudson, Dutchess, Green, Orange, Putnam, Rockland, Schoharie, Sullivan, Ulster, Westchester, Orange County , New York, NY, NJ, Passaic County , New Jersey, New Jersey, Prospect, New York , New Jersey, Connecticut, Massachusetts
Autonomous driving technology company WeRide has plenty of room to grow as a result of its early-mover advantage in the global self-driving market, according to Morgan Stanley, which brought the firm public in an IPO last month at $15.50 a share . Morgan Stanley estimates the global autonomous driving market size will jump to $1.745 trillion in 2030 from $93 billion in 2025. "WeRide is a pure play in global L4+ autonomous driving," Hsiao wrote in a 38-page report on Tuesday note. Level 4 autonomous driving describes when a vehicle can drive in most circumstances without a human driver, one step below the top-most Level 5 designation for a fully automated vehicle . To be sure, the threat of tighter regulation on driverless vehicles is a downside risk for the stock, and Morgan Stanley forecasts WeRide's earnings and cash flow will remain "volatile" in the near term, Hsiao noted.
Persons: Morgan Stanley, Tim Hsiao, WeRide, Uber, Hsiao, — CNBC's Michael Bloom Organizations: WeRide Locations: Guangzhou, China, U.S, UAE, Singapore
Shares of some aerospace and defense companies could fall under added pressure from President-elect Donald Trump's reduced government spending plans. Goldman is forecasting that the U.S. defense budget will soon flatten out and then decline, partly given that it's at an all-time high and that current geopolitical conflicts could potentially be met with a resolution. "Defense spending cycles up and down over time, and can be vulnerable to efforts to reduce total government spending." Poponak noted that although Trump has expressed broad support for the U.S. military and Department of Defense, any cost-cutting effort could still be a blow for the national defense budget. "Lower defense spending would flow to government IT to some degree.
Persons: Donald Trump's, Goldman, Government Effiency, wouldn't, Noah Poponak, Poponak, Trump, Lockheed Martin, Northrop, Huntington Ingalls, Booz Allen Hamilton Organizations: Government, Department of Defense, DoD, U.S ., Lockheed, Northrop Grumman, L3Harris Technologies, Huntington Ingalls Industries, Northrop, Leidos Holdings, U.S . Aerospace & Defense, Invesco Aerospace & Defense Locations: U.S
CNN —Doing more aerobic exercise in middle age and old age may reduce the risk of dementia, including Alzheimer’s disease, a new study found. Without effort, however, cardiorespiratory fitness declines as people age. “This study found a dose-dependent — meaning more was better — effect of exercise fitness on several critical types of cognitive performance,” Isaacson said. Biking, running, jogging, swimming, hiking and briskly walking can all improve cardiorespiratory fitness, experts say. The study showed that people with high cardiorespiratory fitness were more likely to take care of themselves, and therefore protect the heart-brain connection.
Persons: , Weili Xu, ” Xu, Richard Isaacson, “ I’ve, ” Isaacson, Dr, Valentin Fuster, Fuster, ” Fuster, Organizations: CNN, Aging Research, Karolinska Institute, American Heart Association, British, of Sports Medicine, Mount, Hospital, Mount Sinai, Heart Federation, Cleveland Clinic Locations: Stockholm, Florida, Mount Sinai, Mount, New York City
An unemployed UX designer, Lei had taken it upon herself to create the perfect work bag. Today, Lei is the 28-year-old CEO and founder of Freja, a New York-based company that sells work totes, shoulder purses and travel accessories. A 'really, really slow' startIn February 2019, Lei was a soon-to-be-unemployed graduate student at Cornell University preparing for a job interview in New York. She tried pairing three different work bags with her outfit, and none of them worked. "It was really, really slow for the first two years," says Lei.
Persons: Jenny Lei, She'd, Lei, , Freja, Louis Vuitton, Dior, Celine, Loewe, Sandy Liang Organizations: CNBC, Cornell University Locations: Hoboken , New Jersey, New York, Bryant, Brooklyn, Guangzhou, China
AdvertisementMany major companies are asking employees to return to the office full or part-time. Companies are betting that asking employees to return to the office will help boost creativity. While being physically present may boost collaboration and the flow of ideas, workplace specialists told Business Insider that RTO mandates alone might not be the answer. Related VideoTo get the rest of the way, companies need bosses and a culture that fosters creativity. She said that creativity and personal resilience at work both proliferated with the rise of remote work.
Persons: Leena Rinne, Andy Jassy, Goldman Sachs, Cary Cooper, Cooper, We've, Jeri Doris, Doris, We're, Rinne, it's Organizations: Companies, JPMorgan, Manchester Business School, Dell
CNN —A powerful “bomb cyclone” will combine with an atmospheric river to unleash over a month’s worth of rain, hurricane-force wind gusts and feet of mountain snow to parts of the Pacific Northwest and Northern California. This bomb cyclone will work with an atmospheric river, a long plume of water vapor moving like a river through the atmosphere, to wring out heavy rainfall and significant mountain snowfall in the Pacific Northwest and Northern California beginning Tuesday. The pair will stall along the coast and hammer the area with hazardous conditions through the week and into the weekend. Rainfall of this magnitude is expected to cause significant urban flooding, debris flow on roadways and river flooding. Strong winds could cause extensive damage to trees and power lines,” the National Weather Service office in Seattle warned.
Persons: Organizations: CNN, National Weather Service, Weather Prediction, WPC Locations: Pacific Northwest, Northern California, San Francisco, Medford , Oregon, California, San Francisco Bay, Oregon, Washington, Seattle, Sierra Nevada
The return of DCM activity signals that borrowers are gearing up for corporate dealmaking to return. Goldman's global head of financing broke down the trends in an interview with BI. On Wall Street, corporate borrowing is on a roll. Many of those clients are large companies or organizations being advised by Goldman's investment bankers, which means the DCM business is directly reliant on deal flow. AdvertisementGoldman CEO David Solomon ran Goldman's leveraged finance group before taking over its financing business, including debt and equity capital markets and derivatives.
Persons: Goldman Sachs, Donald Trump, Vivek Bantwal, Bantwal, We've, we've, Goldman, David Solomon, David Solomon Jeenah Moon, Denis Coleman, refinancings, weren't Organizations: University of Pennsylvania's Wharton School, Getty, Underwriters, Wall, Bloomberg, Getty Images Goldman, Goldman, Blue
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. 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 . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.
Persons: Jim Cramer, Richard Tobin, Tobin, cryogenics, we'll, Jim Cramer's, Jim Organizations: CNBC, ., Stocks, Dover, Club, Marshall Excelsior Company, SPS Cryogenics, Nvidia, Walmart, Viking Holdings, Jim Cramer's Charitable Locations: Dover
Leonardo Munoz | View Press | Corbis News | Getty ImagesThe domestic box office is on the rebound, having posted its highest third-quarter ticket sales since the pandemic. AMC operates around 900 theaters and 10,000 screens globally, a larger footprint than its chief rivals Cinemark and Regal. By the time the Covid pandemic shuttered theaters and shut down Hollywood, AMC was already $5 billion in the red. Despite the better-than-expected box office performance, AMC saw a 12% decline in attendance during the period. "They talked a lot about new investments and upgrading their theaters and expanding their premium screens, adding XL screens.
Persons: Leonardo Munoz, Cinemark, it's, Adam Aron, they're, Eric Wold, Riley, Oppenheimer, Hugh Jackman, Ryan Reynolds, Wold, King, Sony's, Hunter, Aron, Lars Niki, Alicia Reese, Reese isn't, Eric Handler Organizations: AMC, View Press, CNBC, Warner Bros, Disney, Disney AMC, Paramount, Dolby Cinemas, Getty, Roth Capital Markets Locations: New York City, Hollywood, North America, Europe, U.S, Saudi Arabia, New York, Los Angeles, fanbases
Sometimes it feels impossible to focus at work. Give 'your body the chance to feel'To begin with, dedicate some time in the day to simply feel your feelings. Weiss recommends 15 to 20 minutes of worry time, anger, frustration — whatever you're feeling. 'Focus on the stuff that you can control'When you're actually working, Weiss recommends you "focus on the stuff that you can control," she says. Shifting your energy toward work you can control "reduces anxiety and it also increases how satisfied you are with your life," she says.
Persons: we're, Jessica Weiss, Weiss
Investors may like AT & T for its juicy dividend, but the underlying shares also have "significant upside" ahead, according to Goldman Sachs. The Wall Street investment bank sees a number of factors at play that should boost returns for the Dallas-based telecom giant, which pays a dividend yield of 4.89%. Overall, Schneider anticipates sustained EBITDA growth of 3%, which is 100 to 200 basis points faster growth than Wall Street is currently modeling, he said. That sustained improvement on EBITDA growth should warrant a higher multiple over time, he added. The stock, which hit a 52-week high on Monday, is up 37% year to date, excluding the dividend.
Persons: Goldman Sachs, Goldman, James Schneider, Schneider, T's Organizations: Dallas, Verizon, Mobile Locations: United States
The grandaddy of gold ETFs turns 20. Today, for the first time, thanks to the World Gold Council and State Street, you are able to buy gold just like it's a stock." They could own gold mining stocks, but there was an imperfect relationship between gold and gold miners. When the gold ETF was intrduced 20 years ago, there was a very small investor base for gold. In 2014, Van Eck launched the VanEck Merk Gold ETF (OUNZ), which provides the option to redeem shares for physical gold , including gold coins and bars.
Persons: I've, George Milling, Stanley, GLD, Van Eck, George Milling Stanley, We've Organizations: New York Stock Exchange, World Gold Council, State, Investors, U.S . Equity, State Street Global Advisors, United States Oil Fund, Street Global Advisors, Street Global, World Gold, U.S ., Trump, Trust, Street, MiniShares, NYSE, SEC, Edge Locations: United States, London, India, China, Turkey
CNN —President-elect Donald Trump’s Cabinet picks are unique for many reasons. Kennedy brings his addiction worldview to prescription drugs such as those overseen by the Food and Drug Administration, which he would oversee if confirmed as HHS secretary. But Musk denied allegations of past drug use as reported in The Wall Street Journal early this year. Federal employees are barred from taking illegal drugs, and there are no reports to indicate that any of Trump’s Cabinet or other administration picks are using illegal drugs. CNN has reported that this year, Trump’s team is bypassing long and cumbersome FBI background checks for some of his Cabinet picks.
Persons: Donald Trump’s, Matt Gaetz, It’s, , Gaetz, Robert F, Kennedy Jr, Kennedy, Kurt Andersen, ” Elon Musk, Matthew Perry, Joe Rogan’s, Musk, Larry Kudlow, Hunter, Hunter Biden, Trump, Fred, Theo Von’s “, ” Von, Von, Sackler, Xi Jinping, Biden, Joe Biden, Florida’s Organizations: CNN —, Drug Enforcement, Department of Health, Human Services, Harvard University, Food and Drug Administration, Fox News, “ Department, Government, NASA, SpaceX, Street, Trump, CNN, Biden White, of Justice, Supreme, Purdue Pharma, Republican Locations: Florida, South Dakota, China, Mexico
Russia is pouring cash into the deployment of up to 100,000 North Korean soldiers to help its war efforts — but the soldiers themselves are unlikely to receive any of it, according to North Korea experts. AdvertisementUkraine claims that up to 11,000 North Korean troops have been sent to help push back its forces in Kursk, and those numbers could rise. This could mean about 100,000 North Korean soldiers serving alongside Russia within a year, he said. North Korean soldiers onscreen in South Korea. Ukraine's allies have repeatedly said that North Korean troops fighting in Ukraine will become "cannon fodder" on the battlefield.
Persons: Kim Jong, Kim Jong Un, Dimytro Ponomarenko, Ahn Young, joon, Kim, Bruce W Bennett, Bennett, Hyunseung Lee, RAND's Bennett, there's, Yoon Sang, hyun, Yoon, Chung Min Lee, Lee Organizations: Russia, North, America, Korean, Bloomberg ., AP, Associated Press, RAND, Ukraine, Radio Free, South, Korea Economic, Navy, Carnegie Endowment Asia, North Korean, Storm Corps Locations: Korea, Russia, North Korea, Kursk, South Korea, North Koreans, Korean, Radio Free Europe, Ukraine
For investment options, she referred to the firm's survey of China stocks the investment bank's analysts already cover. Morgan Stanley's basket of bear case stocks only includes overweight-rated names with a dividend yield above 4% this year. The companies must not be on Morgan Stanley's lists of stocks at a disadvantage from Republican policy and supply chain diversification. Morgan Stanley expects Tingyi's earnings per share to grow 12% this year and 11% in 2025. Sinotruk earnings can grow 18% this year and 17% next year, according to Morgan Stanley estimates.
Persons: Morgan Stanley, Laura Wang, Morgan Stanley's, Morgan Stanley's Wang, Morningstar, Claire Liang, Liang, Donald Trump, Trump Organizations: Kong, PepsiCo, Services, Cosco Shipping Energy Transportation, China, CNBC, Republican Party, U.S . Congress Locations: China, Hong Kong, Asia, Europe, Mexico
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