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Meanwhile, Redburn Atlantic initiated coverage of DoorDash with a buy rating and a price target implying upside of more than 60%. He also notched down his price target to $29 from $32, indicating 9.4% downside potential from Thursday's close. Analyst Vivek Arya reiterated his buy rating on the Dutch-based chipmaker in a client note on Thursday. He also cut his price target to $1.25 from $6.25, which was 7 cents below Thursday's close price. DASH YTD mountain AAPL year to date — Hakyung Kim 5:33 a.m.: Raymond James raises Apple price target Raymond James is getting more bullish on Apple ahead of earnings.
Persons: Raymond James, Michael Linenberg, Linenberg, Southwest's, — Hakyung Kim, BofA, Vivek Arya, NXP, NXPI, Arya, Davidson, Alexander Perry's, Perry, Morgan Stanley, International Morgan Stanley, Nathan Feather, Feather, Hakyung Kim, James Cordwell, Cordwell, EBITDA, Srini Pajjuri, Fred Imbert Organizations: CNBC, Apple, Southwest Airlines Deutsche Bank, Southwest Airlines, Revenue, NXP, Bank of America, EV, Harley, International, WW International, DoorDash Locations: U.S, China, Thursday's, 2H24
Melania Trump speaks from the podium on the first night of the Republican National Convention in Cleveland, Ohio, on July 18, 2016. Former first lady Melania Trump's upcoming memoir will hit bookstores on Sept. 24, her publisher tells CNBC, just weeks before the presidential election on Nov. 5. Her husband, former President Donald Trump, will face the de facto Democratic nominee, Vice President Kamala Harris. "The former First Lady invites readers into her world, offering an intimate portrait of a woman who has lived an extraordinary life," the release goes on to say. Born and raised in Slovenia, Melania Trump moved to the U.S. in 1996 to work as a model, and met Donald Trump in 1998.
Persons: Melania Trump, Melania, Donald Trump, Kamala Harris, Barron Trump Organizations: Republican National Convention, CNBC, Democratic Locations: Cleveland , Ohio, Slovenia
However, Ford went 0 for 2 on Wednesday as an old enemy in warranty expenses returned to bite the Blue Oval. And it's an even more unfortunate setback because Ford management said on its April earnings call that the company has made "real progress" on its goal of making better vehicles. The best story at Ford remains Ford Pro , the unit that houses the company's fleet and commercial vehicles. But last quarter management said the business was tracking toward the higher end of the range, and that no longer appears to be the case. The new Ford F-150 truck goes through the assembly line at the Ford Dearborn Plant on April 11, 2024 in Dearborn, Michigan.
Persons: FactSet ., Motors, Ford, Morgan Stanley, Adam Jonas —, JD Power's, It's, Jim Farley, Jim Cramer's, Jim Cramer, Jim, Bill Pugliano Organizations: Ford, LSEG, FactSet, General Motors, Tesla, Ford Model, Revenue, Ford Pro, Super Duty, CNBC, Ford Dearborn Plant, Getty Locations: Ford, management's, Dearborn , Michigan
I’m still waiting to wake up and realize that it was all a dream: the debate, the attempted assassination, President Biden’s Rehoboth reckoning, the quicksilver ascent of Vice President Kamala Harris. I have teachers texting and calling me from out of state who have never donated to a political candidate asking how to do it the right way to ensure it gets to the Harris campaign. It feels very “hopey changey.” I tuned in (along with hundreds of thousands of others) to watch Harris speak to the staff at campaign headquarters and walked away inspired. The transition from Biden to Harris has been remarkably seamless and successful. Her initial remarks on Monday were strong, powerful and clearly her own words, not things cribbed from the previous campaign.
Persons: Frank Bruni, Mallory McMorrow, Simon Rosenberg, , I’m, Biden’s Rehoboth, Kamala Harris, Donald Trump, God, Harris, Biden Organizations: Democratic Locations: Michigan
LONDON — European markets are set to open lower on Wednesday as earnings season ramps up. The U.K.'s FTSE 100 was last expected to open 25 points lower at 8,137, while Germany's DAX was set to shed 76 points to 18,472 and France's CAC 40 was expected to open 54 points lower at 7,540. Italy's MIB index was set to to open 62 points lower at 34,799. Deutsche Bank , UniCredit, BNP Paribas and Banco Santander are among the European banks reporting earnings on Wednesday, alongside Easyjet , Iberdrola and Orange. On the data front, flash purchasing managers' index data is due to be released in the U.K. and the euro zone.
Persons: Germany's DAX, Easyjet Organizations: Citigroup Inc, State Street Corp, Barclays Plc, HSBC Holdings Plc, CAC, Deutsche Bank, BNP, Banco Santander Locations: Wharf, UniCredit, Iberdrola, Orange, Germany
Lyft president Kristin Sverchek to exit on Aug. 20
  + stars: | 2024-07-23 | by ( Katie Bartlett | ) www.cnbc.com   time to read: +1 min
An empty Lyft pickup area is shown as ride-share drivers hold a rally as part of a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and grant drivers "basic employee rights," in Los Angeles on Aug. 20, 2020. Lyft announced Tuesday that company president Kristin Sverchek will be leaving on Aug. 20. Sverchek joined the company in 2012, and has also held positions as general counsel and president of business affairs. Lyft CEO David Risher said in the release that the company will be "forever grateful" to Sverchek, who "helped pour the foundation the entire rideshare industry rests upon." The company also said Sverchek will be entitled to severance benefits, including a $650,000 cash payment.
Persons: Uber, Lyft, Kristin Sverchek, Sverchek, David Risher Locations: California, Los Angeles
That compares to LSEG estimates for Ford Motor that call for adjusted earnings per share of 68 cents for the second quarter, down 5.2% from the second quarter of 2023. Ford is scheduled to report Wednesday afternoon after markets close, followed by Chrysler parent Stellantis , which reports earnings biannually, releasing its first-half results Thursday morning. Stock Chart Icon Stock chart icon GM, Ford and Stellantis stocks in 2024. "Both are expected to raise 2024 guidance." Evercore still expects a "solid" second quarter for Ford, though, trending toward the upper half of its previously announced 2024 guidance.
Persons: Mary Barra, Ford, Dan Levy, Chris McNally, Itay Michaeli, Jim Farley, Michael Wayland, Carlos Tavares, Natalie Knight, Stellantis Organizations: New York Stock Exchange, NYSE DETROIT —, Motors, Detroit, America's, GM, Ford Motor, Chrysler, Ford, Barclays, Citi, CNBC Locations: Detroit, North America, Europe, Auburn Hills, Mich
Below, we've outlined everything you need to know about how to watch Paul vs. Perry from anywhere. How to watch Paul vs. Perry in the US & CanadaThe Paul vs. Perry fight will be available on DAZN in the US and Canada. ET, but the Paul vs. Perry main event ring walk won't begin until around midnight. Check price at DAZNHow to watch Paul vs. Perry in the UKDAZN is also the home of Paul vs. Perry in the UK. How to watch Paul vs. Perry from anywhereThe Paul vs. Perry card will be available through DAZN in more than 200 countries, with a comprehensive pricing breakdown available here, which means that you'll most likely be able to tune in.
Persons: Jake Paul's, Mike Tyson, tonight's, Mike Perry, Paul, Perry, Jake, It's, ExpressVPN, Jake Paul, Amanda Serrano, Stevie Morgan, Lucas Bahdi, Tony Aguilar, Corey, Julio Cesar Chavez Jr, Uriah Hall, Natasha Spence, Women's, Julio Solis, Alexis Chaparro, Kevin Hill, Angel Barrientes, Edwin Rodriguez, Ariel Perez, Dane Guerrero Organizations: Business, Amalie Arena, UFC, US, & Canada, Paul Locations: Tyson, Tampa , FL, DAZN, Canada, North America
One rare exception to this was the Tanker War that was a part of the larger Iran-Iraq War in the 1980s. "And that's why I compare that more so to World War II than, I'd say, even outpacing what was seen during the Tanker War." Specifically from the perspective of the almost non-stop air-defense engagements, the Red Sea fight has definitely been more intense than anything the US Navy has seen since World War II, including the Tanker War, he said. AdvertisementThe Second World War was much more intense given the fleets that were facing off. "Certainly, it's the most intense air-defense challenge we've encountered in a long time," Macy said of the Red Sea fight.
Persons: , Houthi, Mason, Dwight D, Cmdr, Justin Smith, Samantha Alaman, Carney, Smith, Eisenhower, Archer Macy, Mark Duncan, Macy, we've Organizations: Service, US Navy, Business, Eisenhower Carrier Strike Group, Navy, Tanker, AP, Center for Strategic, Studies ' Missile Defense, US Locations: Gulf of Aden, Korea, Vietnam, Iran, Iraq, Gulf, Aden, Persian Gulf, Tehran, Iraqi, Red, Persian, Salle, La Salle, Okinawa, Yemen
Chinese President Xi Jinping chairs a symposium on advancing the integrated development of the Yangtze River Delta and delivers an important speech in east China's Shanghai, Nov. 30, 2023. President Xi Jinping urged all-out rescue efforts after a highway bridge collapse on Friday in Shaanxi province in China's northwest killed 11 people, state media reported on Saturday. As of 10 a.m. on Saturday, five vehicles were confirmed to have fallen into the water and 30 people were reported missing, state media said. Xi said China is in a critical period for flood control and local governments must take responsibility to enhance monitoring and early warning. China's national fire and rescue authority said on Saturday it had dispatched a rescue team to the site that included 859 people, 90 vehicles, 20 boats and 41 drones.
Persons: Xi Jinping, Xi Locations: China's Shanghai, Shaanxi, China's, Shangluo city, China
One rare exception to this was the Tanker War that was a part of the larger Iran-Iraq War in the 1980s. "And that's why I compare that more so to World War II than, I'd say, even outpacing what was seen during the Tanker War." Specifically from the perspective of the almost non-stop air-defense engagements, the Red Sea fight has definitely been more intense than anything the US Navy has seen since World War II, including the Tanker War, he said. AdvertisementThe Second World War was much more intense given the fleets that were facing off. "Certainly, it's the most intense air-defense challenge we've encountered in a long time," Macy said of the Red Sea fight.
Persons: , Houthi, Mason, Dwight D, Cmdr, Justin Smith, Samantha Alaman, Carney, Smith, Eisenhower, Archer Macy, Mark Duncan, Macy, we've Organizations: Service, US Navy, Business, Eisenhower Carrier Strike Group, Navy, Tanker, AP, Center for Strategic, Studies ' Missile Defense, US Locations: Gulf of Aden, Korea, Vietnam, Iran, Iraq, Gulf, Aden, Persian Gulf, Tehran, Iraqi, Red, Persian, Salle, La Salle, Okinawa, Yemen
The selloff in the Nasdaq on Wednesday, more specifically in semiconductor stocks, has added a relatively new wrinkle to what has been an unexpectedly exceptional year for stocks: political risk. And by that I do not mean the outcome of the 2024 presidential election , per se, but the risk of trial balloons being floated for the next several months leading up to the election. Two news items on Wednesday rocked the chip stocks as the Biden administration is reportedly considering much tighter constraints on chip sales to China . Competing proposals We've already heard of some of the potential policy prescriptions that either a Biden or Trump administration might pursue beginning in 2025. Some may never see the light of day depending, not only on the outcome of the presidential election, but also on the composition of the next Congress.
Persons: Biden, Donald Trump, Trump Organizations: Nasdaq, U.S, Biden, Federal Locations: China, Taiwan, Trump, U.S
Ozy Media and founder Carlos Watson were convicted of fraud by a Brooklyn federal jury on Tuesday, in a case accusing them of lying to investors about the now-defunct startup’s finances and sham deals with Google and Oprah Winfrey. Watson, a former cable news anchor and investment banker, and Ozy were each convicted of securities fraud conspiracy and wire fraud conspiracy, while Watson was also convicted of identity theft. The verdict follows a six-week trial that featured testimony by two former Watson deputies, who pleaded guilty to fraud. Ozy folded shortly after The New York Times reported on former chief operating officer Samir Rao’s impersonation of the YouTube executive. He said prosecutors’ view of Ozy’s finances was simplistic and failed to appreciate the nuances of media industry dealmaking.
Persons: Carlos Watson, Oprah Winfrey, Watson, Ozy, Goldman Sachs, Prosecutors, , Breon Peace, Samir Rao’s, Rao, Alex Piper, Sundar Pichai, Watson’s, “ That’s, that’s, Organizations: Ozy Media, Google, “ Ozy Media, New York Times, YouTube, Ozy Locations: Brooklyn, California
Republican presidential candidate and former U.S. President Donald Trump speaks during a campaign rally at the Butler Farm Show in Butler, Pennsylvania, U.S., July 13, 2024. Brendan Mcdermid | ReutersU.S. stocks are expected to get a short-term boost in the aftermath of the failed assassination of former president Donald Trump over the weekend, as analysts say the likelihood of his re-election in November has increased. "The events on Saturday, if they do anything, they strengthen the case for President Donald Trump to win the election in November. watch nowPolls showed Trump retaining his lead over President Joe Biden a day after the shooting at a Republican rally in Pennsylvania. "These events, as unfortunate as they are in terms of political change, do not really change the direction of global markets and the global economy," he said Monday.
Persons: Donald Trump, Brendan Mcdermid, Rob Casey, CNBC's, Trump, Casey, Brian Gardner, Joe Biden, Biden, Guillaume Menuet, It's Organizations: Reuters, Trump, Global Advisors, Republican, Democratic, BMI, Fitch Solutions, CNBC, EMEA, Citi Global Wealth Locations: Butler , Pennsylvania, U.S, Reuters U.S, Washington, Pennsylvania
Trump victory trades to swell after shooting, investors say
  + stars: | 2024-07-14 | by ( ) www.cnbc.com   time to read: +4 min
Saturday's shooting at U.S. former President Donald Trump's election rally raises his odds of winning back the White House, and trades betting on his victory will increase this coming week, investors said on Sunday. Trump was shot in the ear during the rally in Pennsylvania on Saturday in what the authorities were treating as an assassination attempt. The first shooting of a U.S. president or major party candidate since a 1981 assassination attempt on Republican President Ronald Reagan could upend the Nov. 5 rematch between Republican Trump and President Joe Biden, a Democrat, which has been tight in opinion polls. World leaders and U.S. politicians condemned the shooting, while some industry executives, including Tesla chief Elon Musk, declared their support for Trump. Investors also expect an extension of corporate and personal tax cuts expiring next year, fuelling concerns about rising budget deficits under Trump.
Persons: BUTLER, Donald Trump, Donald Trump's, Trump, Rong Ren Goh, Ronald Reagan, Joe Biden, Reagan, Nick Ferres, Elon Musk, Biden, Jerome Powell, Goldman Sachs, Bill Ackman, Musk Organizations: Republican, Secret, U.S, Treasury, Eastspring Investments, Republican Trump, Democrat, Asset Management, Tesla, Trump, Reuters, Investors, Federal, Biden, Dow Jones, Democratic, Goldman Locations: PENNSYLVANIA, Butler , Pennsylvania, Pennsylvania, Singapore
A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., July 3, 2024. The S&P 500 is up nearly 18% in 2024, while the Nasdaq Composite is up 22% in that same time frame. Americans have often been accused, especially by those living abroad, of having a rather narrow view of the world. But President Xi Jinping's "party over prosperity" political model continues to dampen enthusiasm among both foreign investors and domestic consumers. There may be a day that that becomes true and other economies and markets may prove more alluring, but that day has yet to come.
Persons: it's, Xi Jinping's, It's, Dorothy Gale of, Ron Insana Organizations: New York Stock Exchange, Nasdaq, U.S, National Institution for Finance, Development, Monetary Fund, Overseas, Treasurys, U.S ., CNBC Locations: New York City, U.S, Japan, Argentina, Turkey, China, Shanghai, Italy, Spain, America, Dorothy Gale of Kansas
The results by three major U.S. banks kicked off the second-quarter earnings season. Maximize Item 1 of 2 Signs of JP Morgan Chase Bank, Citibank and Wells Fargo & Co. bank are seen in this combination photo from Reuters files. REUTERS/File Photo [1/2] Signs of JP Morgan Chase Bank, Citibank and Wells Fargo & Co. bank are seen in this combination photo from Reuters files. Wells Fargo CFO Mike Santomassimo said on a call that the bank has seen good activity across the investment grade desk, capital markets and the leverage finance business. Goldman's earnings are expected to more than double versus the second quarter of 2023, when they dropped to a three-year low.
Persons: Wells, Goldman Sachs, Morgan Stanley, Mark Mason, Mason, JP Morgan, Jeremy Barnum, Mike Santomassimo, Moody's, Goldman, Noor Zainab Hussain, Manya Saini, Niket, Nupur Anand, Tatiana Bautzer, Saeed Azhar, Megan Davies, Matthew Lewis Organizations: Citigroup, JPMorgan, Citi, Equity, JP Morgan Chase Bank, Citibank, Wells Fargo & Co, Chevron Chevron, Morgan, Thomson Locations: Chevron Chevron The U.S, U.S, Bengaluru, New York
How Democrats Will Choose a Nominee
  + stars: | 2024-07-11 | by ( Lily Boyce | Amy Schoenfeld Walker | ) www.nytimes.com   time to read: +4 min
How Democrats Will Choose a NomineeThe Democratic Party is just weeks away from formally naming a nominee for president, and with some Democrats questioning President Biden’s candidacy, there are a few ways the nomination process could unfold. The party plans to hold a virtual vote to choose a nominee in the weeks before the convention. Virtual nomination vote As soon as 10 days away July 21–Aug. Virtual nomination vote July 21–Aug. Democratic National Convention Aug. 19–22 39 days away Delegates vote.
Persons: Biden’s, Biden, It’s Organizations: Democratic Party, Biden, Democratic, Convention
Here I'll break down a nuanced options trade for on a transportation stock reporting next week. JB Hunt Transport Services, Inc . Unfortunately, this has been the case for JB Hunt lately. While I'm not prepared to call for a stellar quarter - economic pressures generally don't resolve quickly - much of the near-term damage may be done. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.
Persons: you've, JB Hunt, Hunt, I'm Organizations: JB, Transport Services, Inc, CNBC, NBC UNIVERSAL Locations: you've, North America's, Lowell , Arkansas
Microsoft CEO Satya Nadella (R) speaks as OpenAI CEO Sam Altman (L) looks on during the OpenAI DevDay event in San Francisco on Nov. 6, 2023. Microsoft has given up its observer seat on OpenAI's board. Apple , which was reportedly expected to take a similar observer position, will no longer pursue one, according to the Financial Times. "The timing of this move matters," Kak wrote in a message to CNBC. Kak told CNBC that regulators' pursuits are helping to get answers and deliver transparency.
Persons: Satya Nadella, Sam Altman, aren't, Amba Kak, Kak, Lina Khan Organizations: Microsoft, Apple, Financial Times, CNBC, Federal Trade Commission, FTC, Justice Department, Nvidia Locations: San Francisco
What’s in Store for the 2024 Hurricane Season?
  + stars: | 2024-07-10 | by ( Christopher Kuo | ) www.nytimes.com   time to read: +1 min
When Hurricane Beryl intensified into a Category 5 storm last week, it broke records and left a trail of damage across the Caribbean. The first named hurricane of the season, Beryl is the earliest Category 5 Atlantic hurricane ever recorded, and also the first Category 4 hurricane to form in the Atlantic in the month of June — a portent of what experts say is a hurricane season that will be much more intense than usual. Hurricane season usually runs from June 1 to Nov. 30, with most storms developing between mid-August and mid-October. If you’re planning to travel during this hurricane season, here’s what you should know. How bad will hurricane season be this year?
Persons: Beryl Organizations: Atlantic, Atmospheric Administration, Colorado State University Locations: Caribbean, Texas, Gulf of Mexico, United States
The combination of recent Supreme Court rulings on presidential power with the Democratic Party’s nomination crisis in the wake of Joe Biden’s disastrous debate performance has significantly improved Donald Trump’s prospects — not only his odds of once again becoming president, but also of enacting a sweeping authoritarian agenda. Trump’s debt to the six-member conservative majority on the Supreme Court is twofold. First, their delay. By waiting until the last day of the court’s term to issue their decision on Trump’s immunity claims, the justices effectively prevented prosecution of federal criminal charges against him before the election. “By shielding Donald Trump from standing trial before a jury in two of his felony cases,” Michael Podhorzer, a former political director of the AFL-CIO, writes in a post on his Substack, Tipping the Scales, “Trump’s three appointments to the Supreme Court, along with the even more MAGA Justices Alito and Thomas and Judge Aileen Cannon, have already irreparably interfered in the 2024 election.”Second, the substance of the July 1 ruling in Trump v. United States has convinced Trump and his allies that they will face few legal obstacles if they pursue a radical reconstruction of government — a “second American Revolution,” in the words of one loyalist — if Trump regains the White House on Nov. 5.
Persons: Joe Biden’s, Donald Trump’s, , Donald Trump, ” Michael Podhorzer, , MAGA, Alito, Thomas, Aileen Cannon, , Trump Organizations: Democratic, AFL, Trump v . United, Trump Locations: Trump v, Trump v . United States
President Biden and I have something in common: We were born on Nov. 20, 1942 — he in Scranton, Pa., I in Providence, R.I. He and I once even joked about it, long before anyone could suggest we were too old for our jobs. The White House physician says it’s the result of “wear and tear” on his spine. The president and I share other health issues common for folks our age. (Thank goodness for Medicare for me, the White House Physician’s office for him.
Persons: Biden, Mr, I’ve, laughingly Organizations: White Locations: Scranton, Pa, Providence, R.I, United States
In this gilded echo chamber, Mr. Trump enjoys unwavering devotion — and collects the staggering price of admission. During the 2014-15 season — the last before Mr. Trump officially entered politics — The Times counted 52 fund-raiser events at Mar-a-Lago. More than two dozen midterm candidates had already held fund-raisers on the property when Mr. Trump made that statement. But that changed when Letitia James, the New York attorney general, sued Mr. Trump for exaggerating the value of his properties. And, unlike when Mr. Trump was president, “he was there a lot,” Mr. Rustmann said.
Persons: Donald J, Trump, MAGA, Matt Gaetz, , Sebastian Gorka, , Forgiato, Donald Trump, Ryan Garcia, “ Donald Trump, Glenn Beck, Roger Stone, Liz Crokin, Michael T, Flynn, We’re, , Vivek Ramaswamy, Matthew DePerno, Frank Pavone, Kari Lake, Joe Kent, ” Cameron Moore, Alex Stone, Stone, Roger J, Stone Jr, Roseanne Barr, don’t, Abraham Lincoln, Lago, Thomas D, Homan, ” Sebastian Gorka, Gorka, Abraham Lincoln ”, Trump’s, ” Mr, Vernon Jones, Letitia James, galas, Laurence Hirsh, James, Greg Christovich, Christovich, Christovich’s, Michael Barnett, Barnett, ” Frank Vain, Fred Rustmann, Mr, Rustmann Organizations: Gravity, House, New York Times, Mar, U.S.A, Times, Trump, Palm, Republican Party of Palm, Lincoln, Breakers, Policy Institute, America’s, Inc, White, Mr, America, of, Republican, Republicans, Republican National Committee, Democratic Senatorial, Trump Organization, New, U.S ., Secret Service, U.S . Department of State, Records, The Trump Organization, Republican Party of, RSM, Republican Party Locations: Mar, Jan, America, Palm Beach, Lago, Charlottesville, Va, Beach, Georgia’s, , New York, Republican Party of Palm Beach County, Florida
The first trailer for “Gladiator II” has arrived. The sequel to Ridley Scott’s 2000 blockbuster stars Paul Mescal, who takes over for Russell Crowe. Mescal plays Lucius, son of Lucilla, played by Connie Nielsen and the late Lucius Verus. The movie is also headlined by Pedro Pascal as Marcus Acacius, a Roman general and Denzel Washington as Macrinus, a cruel, wealthy man who keeps gladiators for sport. Gladiator II | Official Trailer (2024 Movie) - Paul Mescal, Pedro Pascal, Denzel WashingtonHans Zimmer composed the soundtrack heard in the trailer and movie.
Persons: , Ridley Scott’s, Paul Mescal, Russell Crowe, Mescal, Lucius, Lucilla, Connie Nielsen, Lucius Verus, Commodus, Joaquin Phoenix, Pedro Pascal, Marcus Acacius, Denzel Washington, Gladiator, Denzel Washington Hans Zimmer Organizations: CNN Locations: Numidia, Rome
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