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☆ Lab-grown breast milk startup Biomilq aims to change infant nutrition — if it can release a product
▼ + stars: | 2023-05-20 | by ( Natasha Piñon | ) www.cnbc.com time to read: +11 min

Biomilq, the company behind the breakthrough, had been working for nearly a decade to replicate the process of making human milk — but outside of the body. While the crisis has highlighted the importance of a resilient formula supply, human milk experts, milk bank advocates and Biomilq all stress the same message: Breast milk is best. The startup will likely take a "gradual approach" to introducing its science via "an early-life nutrition product in partnership with one of these bigger companies," Strickland explained. Breast milk is woefully understudied — to the point that it's difficult "to even say what human milk is from a nutritional standpoint," Perrin explained. The company is researching which aspects of human milk its system is best suited to produce.

☆ This company could take lab-grown meat mainstream thanks to a green light from the FDA
▼ + stars: | 2023-05-19 | by ( Natasha Piñon | ) www.cnbc.com time to read: +14 min

Upside Foods' pivotal moment also comes at a key moment in the alternative meat industry. The cultivated-meat industry could have a wider consumer base than previously introduced alternative meat products, because unlike plant-based meats, it's "real" meat — minus the slaughtered animals. And, accordingly, some traditional meat companies have expressed interest in the burgeoning cultivated-meat industry, which one day could become a competitor. The cultivated-meat industry will need a similar boost if it's ever going to become a grocery store staple, Swartz said. The FDA's clearance was a voluntary premarket consultation, which means the agency has no further questions about the safety of Upside's products.

☆ Peloton will offer safety guard for recalled Tread+ treadmill
▼ + stars: | 2023-05-18 | by ( Natasha Piñon | ) www.cnbc.com time to read: +2 min

Maggie Lu uses a Peloton Tread treadmill during CES 2018 at the Las Vegas Convention Center on January 11, 2018 in Las Vegas, Nevada. Peloton said Thursday that it would release a rear safety guard for its Tread+ treadmill, working with the U.S. Consumer Product Safety Commission. The Tread+ treadmill has been at the heart of safety concerns surrounding Peloton in recent years. Sales for the treadmill have been halted since a young child died under a Tread+ treadmill in 2021. The safety guard will be offered free of charge to people who own a Tread+ treadmill, the company said in a release.

☆ Peloton shares plunge after CPSC recalls more than 2 million bikes
▼ + stars: | 2023-05-11 | by ( Natasha Piñon | ) www.cnbc.com time to read: +2 min

Peloton shares tumbled Thursday after the U.S. Consumer Product Safety Commission said it is recalling 2.2 million of the company's bikes over injury and fall concerns. The seat post on Model Number PL01 bikes can detach and break unexpectedly during use, according to Peloton and the CPSC. There were 12 reported injuries, including one wrist fracture, related to the part defect, according to an internal Peloton memo. "For Peloton, it was important to proactively engage the CPSC to address this issue and to work swiftly and cooperatively to identify a remedy." The news comes a week after the company reported a wider-than-expected loss for its fiscal third quarter.

☆ Jim Cramer explains how to tell a red flag from a buying opportunity when a stock falls
▼ + stars: | 2023-05-10 | by ( Natasha Piñon | ) www.cnbc.com time to read: +1 min

Whether a huge decline in a stock is a buying opportunity or a major red flag largely depends on the industry right now, Jim Cramer said Wednesday. That was the case for Skyworks Solutions and PayPal , which both saw shares tumble on the back of disappointing earnings reports. In theory, PayPal should've been the buying opportunity of the two, Cramer said. Consider it a [possible buying opportunity,]" Cramer said. Sign up now for the CNBC Investing Club to follow Jim Cramer's every move in the market.

☆ Why betting on Home Depot could be a win right now, according to Jim Cramer
▼ + stars: | 2023-05-09 | by ( Natasha Piñon | ) www.cnbc.com time to read: +1 min

Buying Home Depot shares could be a win right now, given recent reports suggesting professional contractors are faring better than expected, Jim Cramer said Tuesday. In recent conference calls from Stanley Black & Decker and paint company PPG , the CEOs said professional contractors currently have surprisingly strong backlogs, despite a cooldown on the consumer front. Cramer used the information as a prime example of how to pick high-quality stocks: Anyone eyeing Home Depot and Lowe's right now would be wise to go with the former, since Lowe's is more consumer-oriented, he said. "If you want to bet on contractors who do home refurbishment and home construction, you've got to be betting on Home Depot," Cramer said. Home Depot reports quarterly results on May 16, and how the market moves between now and then could provide an opportunity.

☆ ThredUp to list on alternative stock exchange: 'We're here to make a difference,' CEO says
▼ + stars: | 2023-05-09 | by ( Natasha Piñon | ) www.cnbc.com time to read: +4 min

ThredUp , the clothing-consignment company, announced Tuesday that it's dual listing its stock on the Long Term Stock Exchange, or LTSE, a national securities exchange designed to promote sustainable principles and a long-term focus among investors and businesses. Reinhart says he first read about the market a few years ago and started talks to list on the exchange over the past two years. The new stock exchange wants to "reverse the epidemic of short-term thinking," Ries told CNBC. There are more than a dozen stock exchanges in the U.S., but the majority of all trading occurs on the New York Stock Exchange and the Nasdaq Stock Market, making it difficult for alternatives to gain traction. One other company, the communication platform Twilio , did list on LTSE but it delisted in 2022, citing cost concerns.

☆ Hardcore wrestling fans are torn over the WWE-UFC merger – but they love the drama
▼ + stars: | 2023-05-06 | by ( Natasha Piñon | ) www.cnbc.com time to read: +2 min

For wrestling fans, though, the story's not about those numbers. And wrestling fans aren't afraid to share their opinions. Some are worried that a return to a pay-per-view model for WWE's flagship event, WrestleMania, is on the horizon. The WWE's exclusive streaming deal with Peacock, which includes WrestleMania streaming rights, is set to expire in 2026. In late March, before the UFC deal was announced, WWE CEO Nick Khan said the company keeps fans' price sensitivity in mind.

☆ How Jim Cramer's 'own it; don't trade it' stance on Apple paid off in a hectic market week
▼ + stars: | 2023-05-05 | by ( Natasha Piñon | ) www.cnbc.com time to read: +1 min

Jim Cramer has held the same "own it; don't trade it" trading philosophy on Apple for some time now and this week showed that patience in action, he said Friday. Cramer has been banging the drum about four main hurdles in the market right now: Wednesday's Fed meeting, Friday's jobs report, the debt ceiling and Apple earnings. This week, Cramer's patience worked with Apple, he said. The company posted top- and bottom-line beats for the fiscal second quarter, thanks to stronger-than-expected iPhone sales. "I refuse to be shaken out of the world's best company by one errant component supplier, or a couple of joker-brokers, who say, 'Hey, things have gotten weaker,'" Cramer said.

☆ Jim Cramer lays out how to play the impending debt ceiling crisis
▼ + stars: | 2023-05-04 | by ( Natasha Piñon | ) www.cnbc.com time to read: +1 min

Turmoil in bank stocks may feel like a looming "train wreck" for Wall Street, but as long as the debt ceiling crisis is resolved it won't destroy the market, Jim Cramer said Thursday. "If we do rally short-term, I recommend taking some profits and then steeling yourself for the debt ceiling fiasco, and then you can buy more." The debt ceiling crisis is just one of four major hurdles Cramer sees in the market right now. But if concerns about the debt ceiling are cleared, that should pave the way for a much more upbeat market, Cramer said. It could potentially reopen the IPO window and usher in good deals, like Thursday's market debut of Johnson & Johnson 's consumer-health spinoff, Kenvue .

More than 11,000 film and television writers, who say their compensation doesn't match the revenue generated in the streaming era, are on strike for the first time since 2007-08. Most immediately, this will have a significant impact on late-night shows, where writers are tasked with crafting timely and topical jokes. That's because many shows and films have already wrapped production and will enter the marketplace unaffected by the strike. Instead, they feel they've been shortchanged on compensation as studios, networks and streaming platforms write a new rulebook in real time. Unlike the 2007 strike, writers currently have social media on their side and are rallying on platforms like Twitter, Instagram and TikTok to get their message out.

☆ Investors all face the same four hurdles right now, Jim Cramer says
▼ + stars: | 2023-05-02 | by ( Natasha Piñon | ) www.cnbc.com time to read: +1 min

There are four main hurdles all investors have to navigate right now, but anyone who does so effectively will see a payoff, Jim Cramer said on Tuesday. Cramer expects the crisis to be resolved in due time, but there could be a hangover for the market over the next few weeks. Apple's stock has moved dramatically, and the quarter will likely need to be stellar for it to keep moving the same way, Cramer added. "Now, all of these issues would be much easier to put to bed if stocks were lower, and that's what's happening," Cramer said. "It's not a bear market, just an interlude, and you have to recognize these four hurdles are a gauntlet, a real gauntlet, that must be traversed."

☆ This earnings season has been 'pretty darn good' and several companies stand out, Jim Cramer says
▼ + stars: | 2023-05-01 | by ( Natasha Piñon | ) www.cnbc.com time to read: +1 min

After hearing from around two-thirds of companies in the Dow Jones Industrial Average this earnings season so far, it shouldn't come as a surprise that the market is so high, Jim Cramer said Monday. "This was supposed to be a bad earnings season, but it's been pretty darn good," he added. In a wide-ranging group of winners Cramer identified, some standout names include Honeywell, Microsoft, and JPMorgan. Honeywell "could be one of the great stories of the entire quarter so far," Cramer said, as its aerospace business accelerates and its refining chemicals business improves. Microsoft has "stolen the earnings season along with Honeywell," according to Cramer, thanks to its impressive numbers from its cloud division plus good numbers from its business software and gaming divisions.

☆ Consumer goods stocks are set to keep running, and it's not too late to buy, Jim Cramer says
▼ + stars: | 2023-04-28 | by ( Natasha Piñon | ) www.cnbc.com time to read: +1 min

Food and consumer goods stocks are poised to keep running, Jim Cramer said Friday, at least if no external news drags down the entire market. The resilience of snack and packaged-goods stocks will hold particularly true as debt-ceiling talks flounder, he added. Colgate-Palmolive also rallied following an earnings report that topped revenue expectations. Cramer also saw the same promise in General Mills , which hit a new 52-week high Friday, and Procter & Gamble , which beat earnings and revenue expectations last week. "Even as these consumer-packaged good stocks have run a great deal, I don't think it's too late," Cramer said.

☆ Hasbro, Mattel shares rise as toymakers announce multiyear licensing agreement, increased IP focus
▼ + stars: | 2023-04-27 | by ( Natasha Piñon | ) www.cnbc.com time to read: +5 min

Barbie maker Mattel posted first-quarter results after markets closed on Wednesday that beat revenue expectations but fell short of expectations on the bottom line. Other toy stocks, including Hasbro competitor Mattel and pop culture consumer company Funko , also jumped on Thursday. Toymaker stocks rallied Thursday after rivals Hasbro and Mattel posted quarterly results and offered optimistic comments about how their intellectual property will boost their businesses. Amid the challenging toy and game market, both Hasbro and Mattel are eyeing a future increasingly focused on intellectual property. Hasbro's "Transformers: Rise of the Beasts" from Paramount is slated for a June 9 release, while Mattel's much-hyped "Barbie" movie from Warner Bros. is scheduled for a July 21 release.

☆ UPS shares fall after delivery giant reports disappointing earnings
▼ + stars: | 2023-04-25 | by ( Natasha Piñon | ) www.cnbc.com time to read: +4 min

United Parcel Service shares fell Tuesday after the American trucking and delivery giant reported first-quarter misses on both earnings and revenue. To some analysts, the relatively weak report from UPS hints at a wider economic slowdown, particularly when coupled with CEO Carol Tomé's comments. Tomé told CNBC on Tuesday that a larger, industry-wide decline in retail sales in the month of March impacted UPS as well. Previously, UPS projected revenue between $97 billion and $99.4 billion, versus analysts' estimates of $99.98 billion. In its fourth-quarter earnings call, Chief Financial Officer Brian Newman said the company expected 2023 "to be a bumpy year."

☆ NFL suspends five players for violating gambling policy
▼ + stars: | 2023-04-21 | by ( Natasha Piñon | ) www.cnbc.com time to read: +1 min

Five NFL players have been suspended for violating the National Football League's gambling policy, the league announced today. The policy bars anyone in the NFL from engaging in any kind of gambling in league facilities or venues, including practice facilities. The league said its review uncovered no evidence that inside information was used in the gambling at hand. Two other players — Stanley Berryhill and Jameson Williams of the Lions — are suspended from their team's first six regular season games of the year. Berryhill and Williams will be able to participate in offseason and preseason activities, including preseason games.

☆ AT&T shares sink after company posts softer than expected revenue
▼ + stars: | 2023-04-20 | by ( Natasha Piñon | ) www.cnbc.com time to read: +2 min

AT&T shares fell Thursday after the telecommunications giant reported first-quarter results that saw subscriber growth but a miss on revenue. The company added 424,000 postpaid phone plans, which represents the amount of businesses and individual consumers that pay their bills at the end of each month. In the year earlier period, AT&T added 691,000 postpaid phone subscribers. Investors look to postpaid phone numbers to measure the overall well-being of wireless companies' profit centers. During the company's previous earnings call, AT&T executives said they expect wireless industry growth to return to "normalized" levels this year.

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☆ Ikea to invest over $2.2 billion in new U.S. store models, pickup locations in next three years
▼ + stars: | 2023-04-20 | by ( Natasha Piñon | ) www.cnbc.com time to read: +5 min

"It's also an indication of how important the U.S. market is for Ikea," Quiñones said. Down the road, some might open in locations that already have an Ikea store nearby, while others might open in cities without any Ikea presence. Ikea is also adding 900 new pickup locations to its slate, allowing customers to retrieve ordered goods from more convenient locations. Like omnichannel retail more broadly, order pickup options have flourished at a variety of retailers throughout the pandemic. The majority of Ikea's pickup locations will be tied to Ikea stores, and some stores will have multiple pickup locations, Quiñones said.

Baldwin, who is also a producer on the film, was charged with two counts of manslaughter in the death of "Rust" cinematographer Halyna Hutchins. Though Baldwin's manslaughter case has been dropped, the actor still faces other legal woes as a result of the accidental shooting. In early February, Hutchins' parents and sister filed a lawsuit against Baldwin, "Rust" producers and other crew members, accusing them of negligence and intentional infliction of emotional distress, among other charges. Halls' hearing was the first to be conducted under the supervision of special prosecutors Kari Morrissey and Jason Lewis. In her place, she appointed Morrissey and Lewis as special prosecutors.

☆ Defamation suit settlement will hold Fox accountable for election claims, Dominion negotiator says
▼ + stars: | 2023-04-19 | by ( Natasha Piñon | ) www.cnbc.com time to read: +2 min

The last-minute $787.5 million settlement of the Dominion Voting Systems defamation lawsuit against Fox Corp. was a major step toward making Fox News answer for false claims that Dominion's machines influenced the 2020 election, a key negotiator of the deal said Wednesday. Yaghoobzadeh was one of the people who cut the settlement deal. He declined to disclose when Fox had made its first offer, saying only that the initial sum "was not enough." CNBC previously reported that anchors will not have to acknowledge the settlement or apologize on air, according to people familiar with the matter. The massive settlement sum will go to legal fees and taxes first, Yaghoobzadeh said.

☆ Ben & Jerry's workers in flagship Vermont store file for union election
▼ + stars: | 2023-04-17 | by ( Natasha Piñon | ) www.cnbc.com time to read: +1 min

Ben and Jerry's workers at the ice cream company's flagship store in Burlington, Vermont, are filing for a union election Monday. Workers at the Burlington store have petitioned the National Labor Relations Board for an election. That union, Workers United, has won union elections at hundreds of Starbucks locations across the country at a rapid pace. If the Burlington workers approve a unionization vote, their store would be the first Ben & Jerry's location in the U.S. to do so. Ben & Jerry's has even sued its parent company, Unilever , when its actions came into conflict with Ben & Jerry's stated social mission.

NPR said Wednesday it will stop sharing content on Twitter after the social media company labeled NPR "state-affiliated media," a term also used for Russia- and China-based propaganda outlets. NPR was surprised by Twitter's decision to label the company "state-affiliated media," according to a report by the outlet. NPR CEO John Lansing told his employees that NPR "will not immediately return to the platform" even if Twitter drops the designation. He stripped the news organization's verification checkmark shortly thereafter, citing the company's refusal to pay for the platform's revamped Twitter Blue subscription service. Twitter relaunched its updated Twitter Blue subscription service in December after Musk pulled and delayed the launch in November.

☆ Washington Commanders to pay $625,000 to settle D.C. AG's claims of mishandling fan ticket deposits
▼ + stars: | 2023-04-10 | by ( Natasha Piñon | ) www.cnbc.com time to read: +3 min

A detailed view of the new Washington Commanders uniforms following the announcement of the Washington Football Team's name change to the Washington Commanders at FedExField on February 02, 2022 in Landover, Maryland. The NFL's Washington Commanders will pay $625,000 to settle allegations brought by the Washington, D.C., attorney general that the organization failed to return fans' ticket deposits, the AG's office announced Monday. Former D.C. Attorney General Karl Racine sued the Commanders in November, alleging the team cheated residents out of their security deposits collected from season ticket holders and used the money for its own purposes. Racine alleged the Commanders sold premium seating tickets to D.C. fans since 1996, which sometimes required a security deposit. The Commanders have been hit with several claims of misconduct from inside the team's front office in recent years.

☆ Michael Jordan sneakers, Kobe Bryant gear lead blockbuster Sotheby's auction
▼ + stars: | 2023-04-06 | by ( Natasha Piñon | ) www.cnbc.com time to read: +1 min

Michael Jordans 1998 NBA Finals Air Jordan XIIIs sneakers are displayed during a press preview in New York on April 6, 2023 at Sothebys for the upcoming auction Victoriam, a special two-part curated collection of sports artifacts. Michael Jordan's shoes from Game 2 of the 1998 NBA Finals could be yours — if you have a couple million dollars to spare. Sotheby's is hosting a two-part auction of game-worn sports memorabilia, with Jordan's signed sneakers serving as the cornerstone for an stacked lineup of rare items. The game-worn Air Jordans are estimated to sell for somewhere between $2 million to $4 million. When Kanye West's Air Yeezy samples sold for $1.8 million in a private sale in 2021, they were estimated to be the most expensive sneakers sold to date.

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