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Snowflake : The data cloud company shares fell nearly 3% despite a revenue beat and a good guide. However, the revenue guidance was a little light. Live Nation : The Justice Department and 30 states are suing Live Nation, looking to break up Live Nation and Ticketmaster. Cramer countered that, saying VF Corp is selling a lot of products and clearing lots of inventory. He added the story at the company is not as negative as the stock, which has dropped 36% in 2024.
Persons: Jim Cramer's, Jim Cramer, Ralph Lauren, Cramer, That's, Taylor, Williams Organizations: CNBC, Club, Nvidia, Paris, The Justice Department, Ticketmaster, DOJ, VF Corp
High-end travelers are turning to supervans with heated floors, Italian tiles, and home theatres, according to Lucas Ravizza, who builds and designs luxury vans for a living. AdvertisementLucas Ravizza is photographed inside one of the luxury vans he designed. Ravizza is among the many luxury van influencers sharing their designs online. Matt MaloneRavizza said he usually spends $180,000 buying and converting luxury vans for clients who use them as vacation homes. Ravizza said anyone can upgrade a van to add luxury elements, but there's one mistake they should avoid.
Persons: , Lucas Ravizza, Tom Ripert, Ripert, Lucas, Matt Malone, Ravizza, Matt Malone Ravizza Organizations: Service, Business, Financial Times, Econ Market Research Locations: San Francisco
Snowflake posted $829 million in revenue, while analysts polled by LSEG had called for $786 million. Adjusted earnings for the period came in at 14 cents a share, however, missing the consensus estimate by 4 cents. Beauty — The cosmetics maker added 3.4% after easily surpassing consensus forecasts from analysts surveyed by FactSet for the fiscal fourth quarter. posted 53 cents in earnings per share, excluding items, on $321.1 million in revenue, while analysts penciled in just 33 cents on $292.6 million in revenue. On top of that, LiveRamp offered firm revenue guidance for both the current quarter and full year.
Persons: Snowflake, LSEG, NetEase, FactSet, e.l.f, LiveRamp, Cytokinetics, Goldman Sachs, Morgan Stanley, Ed Bred, Lori Koch, Alibaba, GoodRX, , Jesse Pound, Pia Singh, Yun Li, Tanaya Macheel, Sarah Min, Michelle Fox Organizations: Nvidia, Micro, Taiwan Semiconductor, Bloomberg, Department of Justice, of, News, Corp, JPMorgan, DuPont de Nemours, DuPont, Bloomberg News, Bank of America, RBC, Hasbro —, Hasbro Locations: Southern, of New York,
Morgan Stanley accompanied the move by cutting its price target to $100 from $120. His $185 price target, up from $160, forecasts that shares of Take-Two could rally 23% from Wednesday's close. — Lisa Kailai Han 5:55 a.m.: Bernstein initiates Ford at an outperform rating Investors who don't own Ford are missing out, according to Bernstein. — Lisa Kailai Han 5:55 a.m.: JPMorgan upgrades Hasbro Don't expect Hasbro's momentum to slow in the near future, according to JPMorgan. It also raised its price target on shares to $74 from $61, implying upside of 22%.
Persons: Bernstein, Morgan Stanley downgrades NetEase, Morgan Stanley, Alex Poon, Poon, Lisa Kailai Han, Omar Dessouky, Dessouky, — Lisa Kailai Han, Sam Poser, Sean Dodge, Dodge, GoodRx, Ford, Daniel Roeska, Roeska didn't, Roeska, Christopher Horvers, Fred Imbert Organizations: CNBC, Ford, JPMorgan, Hasbro, NetEase, Bank of America, Rockstar Games, Rockstar, Supreme, Corp, Trading, EMEA, Timberland, RBC, RBC Capital Markets, pharma, Kroger Locations: China, Wednesday's, Americas
The Peugeot e-3008 electric car on display during a presentation at the Stellantis car factory in Sochaux, France. PARIS, France — French car giant Peugeot told CNBC this week that it's partnering with Vay, a German mobility startup, to integrate so-called "teledriving" tech — an alternative to autonomous cars — into its vehicles. The deal will see the two companies assess the use of Vay's teledriving tech on "last-mile delivery" vans and smaller logistics vehicles, with a focus on business-to-business (B2B) customers. The first pilot test drives of Vay's technology with Peugeot vehicles are expected to take place this year. Peugeot is looking to include the tech in its E-3008 electric SUVs and some electric vans.
Persons: Vay, Justin Spratt, Spratt Organizations: Peugeot, CNBC, Amazon Locations: Sochaux, France, PARIS
One Club stock standout Wednesday was off-price retailer TJX after the T.J. Maxx, Marshalls and HomeGoods owner's solid quarter. The recent action in the Club stock has us wondering if a big buyer is lurking out there. 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.
Persons: Jim Cramer, Ralph Lauren, Jim Cramer's, Jim Organizations: CNBC, Federal, Club, Marshalls, Nvidia, Moderna, Tech, Enphase Energy, Corp, BJ's Wholesale, Jim Cramer's Charitable Locations: Maxx
Shares of Palo Alto plunged 28% on Feb. 21, a session after the company delivered a more cautious outlook for the rest of 2024. The shift in business strategy requires Palo Alto to give customers its new services and products for free to demonstrate their many benefits. PANW YTD mountain Palo Alto Networks (PANW) year-to-date performance 2. The Club is focused on how much industry spend is going to Palo Alto versus competitors, but we're not concerned about demand for the company's offerings. In this photo illustration the Palo Alto Networks logo seen displayed on a smartphone and on the background.
Persons: Morgan Stanley, Sellers, Nikesh Arora, Palo, We'd, it's, PANW, Arora, Jim Cramer, We've, nudging, Stephen Vintz, we're, Jim, Jim Cramer's, Rafael Henrique Organizations: Palo Alto Networks, Wall Street, Palo, Tech, Barclays, Palo Alto, billings, Wall, Alto Networks, UnitedHealth Group, Change, Healthcare, Club, Microsoft, Vans, Corp, Caesars Entertainment, Securities, Exchange, US Fed, CNBC, Networks, Getty Locations: Palo Alto, U.S, Palo, billings, Palo Alto's, Alto
So, she set out to do just that for her most recent van conversion. AdvertisementFor the next nine months, she designed and built a space that's just as much functional as it is artistic. By the end of the conversion, Minor said she spent $140,000 on the build. For example, Minor used liquid fiberglass — a material that's typically used on the exterior of automobiles — inside her van. "In which case, it just turns into a regular business that's complicated, that's restricted."
Persons: , Abbe Minor, Minor, Autoevolution, Noovo, I've, I'm, she'd, Diego's, Minor's van, van isn't, Abbe Minor's van, she's Organizations: Service, Business, Minor, Overland Locations: San Diego, Pennsylvania, Washington
Lower pricing due to softening demand helped April electric vehicle sales at Ford more than double, even as the automaker was shifting resources away from the money-losing unit. Despite the volume increases, Ford Model e saw losses widen in Q1 to $1.32 billion on just $100 million in quarterly sales. Ford's hybrid sales in April rose almost 60% to 17,997 units. We believe a buyback would be a catalyst for Ford stock just like it has been for General Motors , which announced its repurchase plan back in November. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: Michael Ward, Ford's, BEV, Ford, Ward, Jim Farley, Jim Cramer, That's, We're, Jim Cramer's, Jim, Danielle DeVries Organizations: Ford, Freedom Capital, Ford Model, ICE, Ford Blue, Ford Pro, General Motors, CNBC, New York Locations: EBIT
CNN —The Chevrolet Malibu, the last sedan still sold by General Motors’ biggest selling brand, will end production this year, the company announced. Malibu production will end in November as the factory that builds it, the Fairfax Assembly Plant in Kansas City, Kansas, is reconfigured to build a new generation of the Chevrolet Bolt EV. Chevrolet stopped making its Mustang competitor, the Camaro, last year. The Malibu was introduced back in the 1960s as a more luxurious version of the Chevrolet Chevelle, called the Chevelle Malibu. The Malibu model line ended production in 1983 but was brought back again in 1997, and has been in production since then.
Persons: Ford, Jackson, Barrett Organizations: CNN, Chevrolet Malibu, General Motors, Fairfax Assembly Plant, Chevrolet Bolt, Motors, Chevrolet, Taurus, Malibu, Barrett, Getty, Cox Automotive, Honda Accord, Toyota Camry, Camry, GM Locations: Malibu, Fairfax, Kansas City , Kansas, United States
Washington CNN —The Metropolitan Police Department in Washington, DC, cleared out a pro-Palestinian encampment on George Washington University’s campus early Wednesday and arrested 30 protesters there and three others in a separate altercation, Metro Police Chief Pamela A. Smith said. Yet after police cleared the encampment, House Oversight Chair James Comer, a Republican from Kentucky, announced the hearing was canceled and took credit for spurring action. GW’s encampment was set up about two weeks ago in the University Yard, a grassy square on campus surrounded by a food hall and university buildings. Officers deployed pepper spray three timesPeople listen as activists and students protest near an encampment at University Yard, George Washington University on April 28, in Washington, DC. Ahmed El Masry, a demonstrator at the GW encampment, said he left the encampment at about 2 a.m. but rushed back about two hours later when he heard police were working to clear the space.
Persons: George Washington, Pamela A, Smith, Muriel Bowser, James Comer, Mayor Bowser, ” Comer, Ellen Granberg, , Kent Nishimura, Jeffery Carroll, GW, ” GW, Ahmed El Masry, , , “ I’m, we’ve, ” Dante O’Hara, ” O’Hara, , Joyce F, Brown, spokespeople, ” Brown, Chancellor Javier Reyes, George Floyd, Pam Smith Organizations: Washington CNN, The Metropolitan Police Department, Metro Police, Washington, Republican, Police, University Yard, MPD, Yard, George Washington University, GW Police, , Police Department’s, DC, Coalition, UMass, Amherst, CNN, Fashion Institute of Technology, University of Massachusetts, NYPD, Massachusetts Daily Collegian, University of Massachusetts Police Department, DC Metropolitan Police Locations: Washington , DC, Kentucky, Gaza, Israel, , GWU, New York City, Amherst
His wife, a teacher, had been to China before and realized she could get a visa to teach at an international school there and bring Scott along. The school that hired her also hired Scott, and the two put their lives in the US on hold and relocated to China. His wife got a job as a teacher at an international school, and the two moved to China on her visa. Related storiesBefore moving to China, the couple paid $1,900 a month in rent in Arizona. He said their internet bill was $130 a month, their cellphone bill was $70, and their electricity bill was $100.
Persons: Scott Vleeschouwer, weren't, Scott, Vleeschouwer, it's, they've, China Vleeschouwer, DiDi —, He's, they're Organizations: Service, China's, Business Locations: China, Shenzhen, Maryland, Roanoke , Virginia, San Antonio, Phoenix, Mexico, Beijing, Shanghai, India, Hong Kong, Philippines, Indonesia, Kenya, Southeast Asia, Arizona, They've
20 Unforgettable Looks at the Met Gala
  + stars: | 2024-05-07 | by ( The Styles Desk | )   time to read: +1 min
By Monday morning, the answer to one of the biggest questions looming over the Met Gala at the Metropolitan Museum of Art in New York had emerged. Would members of the union representing employees of Vogue and other Condé Nast publications proceed with threatened disruptions to the gala orchestrated by Vogue editor Anna Wintour? No: A tentative contract agreement between Condé Nast and union leaders was reached hours before the event. — were only answered as attendees started stepping out of Sprinter vans to make their way into the gala, known formally as the Costume Institute Benefit. Among them: Floral prints and embellishments, elaborate headpieces and skin-revealing outfits that skewed more Garden of Eden.
Persons: Condé, Anna Wintour, Condé Nast, Emily Ratajkowski, Pamela Anderson, Dan Levy Organizations: Metropolitan Museum of Art, Vogue, Condé Nast, Institute Locations: New York, Eden
CNN —Britain’s governing Conservative Party suffered heavy losses in local elections, a sign that they could be in real trouble when the country holds a general election at some point later this year. It also means that if a general election were held tomorrow, the opposition Labour Party would almost certainly win power. What these results don’t tell us is when the general election will take place. Conservatives are divided on when they think Sunak should bite the ballot bullet. Others think Sunak should look toward the end of the year, as it allows the most time for things to improve.
Persons: Rishi Sunak, Keir Starmer, Sunak, Rwanda –, Boris Johnson, Liz Truss, Johnson, Truss Organizations: CNN, Conservative Party, Labour Party, Conservative, Labour, Reform, Conservatives Locations: Rwanda
About half a million light vans are sold in the United States every year, with many of those going to companies like Amazon and FedEx. Light vans are those with a gross vehicle weight rating of less than 10,000 pounds. Lane departure prevention technology could have helped prevent or, at least, reduce the seriousness of, about 11% of those fatal crashes. That tech could help prevent 37% of fatal crashes involving delivery vans, the Institute said. In more than 60% of crashes and more than half of fatal crashes, the occupant of another vehicle or a pedestrian or cyclist was killed or injured.
Persons: Ram ProMaster, Ram, Van Organizations: CNN —, Amazon, FedEx, Insurance Institute for Highway Safety, Ford Transit, Mercedes Sprinter, Institute, Stellantis, IIHS, Ford Locations: America, United States
But it is the only traditional automaker to break out results of its retail EV sales. And the results it reported Wednesday show another sign of the profit pressures on the EV business at Ford and other automakers. The EV unit, which Ford calls Model e, sold 10,000 vehicles in the quarter, down 20% from the number it sold a year earlier. Some are also sold in its Ford Pro unit, which handles fleet sales to businesses and government buyers. The number of vehicles sold by Ford Pro was up 21% to 409,000.
Persons: Ford, John Lawler, Jim Farley, Tesla Organizations: New, New York CNN, Ford, , Ford Pro, US Postal Service, General Motors, American EV, Jeep, Dodge, Chrysler, European EV Locations: New York, EBIT, North America
Whatever happened to the two-door car?
  + stars: | 2024-04-20 | by ( Peter Valdes-Dapena | )   time to read: +6 min
There are still two-door cars today, of course, but they’re almost all high-performance sports cars not intended for comfortable cruising. For car designers, two-door models can offer more striking proportions to play with, long hoods that evoke power and tapered, aerodynamic back ends. Today, it’s rare to see a two-door car that isn’t a performance model like the Mustang or Corvette. Today, if you have a two-door car and you have kids, you also have a backache. While some two-door cars used to be bargain items – the cheapest entry-level cars were almost always two-door hatchbacks – today two-door models are seen mostly in European luxury car showrooms.
Persons: Ricardo Montalbán, Brian Rabold, Bob D'Olivo, , Kevin Kirbitz, who’s, , Rabold, ” Rabold, Scott Krugger, Kia Rio, You’ve, Gorden Wagener Organizations: CNN, Chrysler, Network, Riviera, GM, Ford Thunderbird, Chevrolet Corvette, Thunderbird, Ford, Stellantis’s Dodge, Nissan, Cox Automotive, BMW, Audi, Mercedes, Benz, American Mercedes Locations: Chrysler Cordoba, Cordoba, United States, American
I stepped off the platform at the gleaming new Maxcanú train station, eager to see the magnificent Maya archaeological site of Uxmal. All I needed was a taxi to take me there, a trip of about 30 miles away. And I was the third person in two weeks to get off at Maxcanú expecting to reach Uxmal, he said. I was midway through a five-day trip to explore the brand-new Maya Train and several of its destinations in the Yucatán Peninsula of Mexico. Designed to run 965 miles (1,554 kilometers) around a loop of 34 stations when completed, the train will whisk passengers in cool comfort through colonial cities, archaeological sites, splashy resorts and tropical forests.
Persons: Maxcanú, van Locations: Yucatán, Mexico
London CNN —The Prince of Wales was back in action on Thursday, carrying out his first public engagements since his wife, Catherine, revealed her cancer diagnosis last month. William, 41, visited a surplus food charity in Surrey before he was expected to head to a youth center in west London. Kate’s cancer was found in tests following an abdominal surgery in January. William’s presence will be a welcome signal to royal-watchers that his wife is feeling well enough for him to resume public-facing duties. He made his most significant public appearance on Easter Sunday following the tradition family church outing.
Persons: Prince, Wales, Catherine, William, King Charles III, Prince William, Claire Hopkins, Alastair Grant, George, Charlotte, Louis, , King Charles Organizations: London CNN, Surplus, Aston Villa, CNN’s Royal Locations: Surrey, London, Kensington, Sheffield, Birmingham
Typically, security guards inspect workers' badges at the site, but don't usually scan them directly, the two workers said. Related storiesThree other former Tesla employees said workers at the Fremont factory were told by security that if their badges didn't work they were no longer employed. The email sent directly to laid-off staff said the cuts would be effective immediately and workers would receive information regarding their severance within 48 hours. Tesla workers aren't the first to unceremoniously discover they've been terminated while trying to access their former place of work. Last year, some former Google employees told BI they learned they'd been laid off when they couldn't badge into the office.
Persons: , Tesla, didn't, Elon Musk, Drew Baglino, Rohan Patel, they've, they'd Organizations: Service, Business, Fremont, BI, Google Locations: Tesla's, Sparks , Nevada, Nevada
Road Trips: How to Plan an Accessible Getaway
  + stars: | 2024-04-12 | by ( Syren Nagakyrie | )   time to read: +1 min
As a disabled, chronically ill, neurodivergent person, I take road trips every year and have learned some tips and tricks along the way. Enterprise, for example, offers hand controls, left foot accelerators, pedal extenders and spinner knobs to facilitate steering. Budget can provide hand controls, spinner knobs, a panoramic mirror, swivel seats and transfer boards. MobilityWorks, an accessible-vehicle and adaptive-equipment dealer, has rental locations in 34 states. For accessibleGO’s rental cars, you can request hand controls and a spinner knob at checkout.
Organizations: Enterprise, Google
Where the border wall stops, smugglers see opportunity. Evelio Contreras/CNNBut now there are patrols from the Mexican Army and National Guard along with immigration officers, looking to stop the migrants from reaching the US. Tents at the border wall become temporary homes for those sent to patrol then land around Ejido Jacumé. These people were stopped before they reached the Mexico-US border, officials said. CNN witnessed the detention of mostly men, with some women and children, from Brazil and Guatemala this week, near one of the border wall gaps close to Ejido Jacumé.
Persons: Ejido, Evelio Contreras, David Pérez Tejada, , , he’d, ” Pérez Tejada, Spikes, Pérez Tejada, , Joe Biden, Andres Manuel Lopez Obrador, John Kirby, Antony Blinken, Liz Sherwood, Randall, Alejandro Majorkas Organizations: Mexico CNN, Border Patrol, CNN, Mexican Army, National Guard, Mexico’s Migration National Institute, Local, Customs, Border Protection, Spikes, , National Security, House Homeland, Homeland, Grupo Beta Locations: Baja California, Mexico, United States, San Diego, Ejido, Tijuana, California, Brazil, Guatemala, Mexican, Washington, Mexico City
The Biden administration on Friday announced a regulation designed to turbocharge sales of electric or other zero-emission heavy vehicles, from school buses to cement mixers, as part of its multifront attack on global warming. Today, fewer than 2 percent of new heavy trucks sold in the United States fit that bill. The regulation would apply to more than 100 types of vehicles including tractor-trailers, ambulances, R.V.s, garbage trucks and moving vans. The rule does not mandate the sales of electric trucks or any other type of zero or low-emission truck. Options could include using technologies like hybrids or hydrogen fuel cells or sharply increasing the fuel efficiency of the conventional trucks.
Persons: Biden Organizations: Environmental Protection Agency Locations: United States
MTA Board passes final vote on congestion pricing plan
  + stars: | 2024-03-27 | by ( Mark Morales | )   time to read: +3 min
CNN —Congestion pricing is coming to New York soon with transit officials officially approving the toll structure at a hearing on Wednesday. New York City will soon join other cities such as London, Stockholm and Singapore, with the new congestion pricing plan. Passenger and commercial vehicles will now pay $15 once they enter the “congestion relief zone,” which is below 60th Street in Manhattan. “One of the biggest goals of this is to finally attack congestion but the other side of the equation is to invest more in transit,” Lieber said. Despite the approval and expected implementation of the tolling plan, multiple lawsuits, such as one spearheaded by New Jersey Gov.
Persons: Janno Lieber, ” Lieber, , Phil Murphy, Organizations: CNN, , MTA, New York City Department of Education, Taxi, Limousine Commission, New Jersey Gov Locations: New York, . New York City, London, Stockholm, Singapore, Manhattan, York, United States, Long
'Beer Can Island' in Florida's Tampa Bay has been listed for sale at $14.2 million. AdvertisementA party venue with a difference in Florida's Tampa Bay is up for sale for $14.2 million. Pine Key is an island in the middle of Tampa Bay, created by a state dredging project. Others weren't so keen on the friends' business planWhile many enjoyed the friends' decision to pimp out the island, some were less sure. Last year, it was submerged under five feet of water during Hurricane Idalia, the Tampa Bay Times reported.
Persons: , Russell Loomis, We've, we're, Loomis, It's, Cole Weaver, James Wester, John Gadd, They've, Weaver, Hurricane Idalia Organizations: Service, The Times, Times, Fox, Tampa Bay Times Locations: Florida's Tampa, London, Tampa Bay, Weaver, Hurricane
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