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CNN —The McRib is returning to menus this holiday season – but don’t get used to it. Essentially, consumers don’t know when it will show up next — and that element of surprise also drives demand. “It creates this sense of urgency that you have to get it now because you don’t know when it’s coming back. You don’t know if it’s coming back,” Henkes said. It’s so popular that the McDonald’s website listed “Why isn’t the McRib sold year-round?” as a frequently asked question.
Persons: McDonald’s, Nacho Fries, hasn’t, , Michael Della Penna, Stephen Zagor, David Henkes, Technomic, it’s, ” Henkes, Henkes, Brian Niccol, Zagor Organizations: CNN, Columbia Business School, Starbucks, Facebook, Locations: Kansas City
In 2022, 69.3% of Americans reported some alcohol consumption in the previous year, a slight increase from 69% in 2020 and 66.34% in 2018. Though the researchers couldn’t answer exactly why alcohol consumption was so high among the US adults surveyed, Lee has a few hypotheses. The height of the pandemic also saw an average of about 488 deaths per day due to excessive alcohol consumption; there was an increase of more than 29% from 2016-17 to 2020-21. “We’ve shown in studies that liver transplants for alcohol have increased fivefold in the last 20 years. We’ve also shown that alcohol deaths due to liver disease are surging,” he said.
Persons: Brian Lee, ” Lee, hasn’t, Lee, , Jagpreet Chhatwal, , ” Chhatwal, Dr, Sanjay Gupta, “ We’ve, We’ve, Chhatwal Organizations: CNN, University of Southern California’s Keck School of Medicine, Internal, National Health, US Census Bureau, , Institute for Technology, Massachusetts General Hospital, National Institute, Alcohol, US Centers for Disease Control, CNN Health Locations: Massachusetts
He has plucked two Fox News stars from their airwaves – Sean Duffy for Treasury secretary and Pete Hegseth to lead the Pentagon. Trump’s choice for ambassador to Israel, Mike Huckabee, had a six-year run hosting a Fox News show. As a former reality TV star, Trump is deeply attuned to the power of the small screen. Among the flurry of names for non-Cabinet roles that Trump announced Friday evening were also several former and current Fox News contributors. And Sebastian Gorka, whom Trump named senior director of counterterrorism, was a Fox contributor in 2018 and 2019.
Persons: Donald Trump’s, Sean Duffy, Pete Hegseth, Trump, Mehmet Oz, Linda McMahon, Mike Huckabee, Tulsi Gabbard, Tucker Carlson, Donald Trump, Eva Marie Uzcategui, Duffy, Rachel Campos, , , Oz, Mike Waltz, Kristi Noem, Sen, Marco Rubio, Howard Luntick, Rebecca Quick, I’ve, Doug Burgum, Tom Homan, Homan, ” Trump, Matt Gaetz, Gaetz –, , JD Vance, Scott Applewhite, Pam Bondi, Hegseth, headwinds, Chris Coons, CNN’s Manu Raju, Dr, Janette Nesheiwat, Marty Makary, Robert F, Kennedy Jr, Sebastian Gorka, Neil Gorsuch, Brett Kavanaugh, Larry Kudlow, Christina Bobb, Rupert Murdoch’s, Bret Baier, Kamala Harris, Vance, Rubio, Burgum, ” CNN’s Kate Sullivan, Manu Raju, Alayna Treene, Brian Stelter Organizations: CNN, Fox, Pentagon, Department of Education, Fox News, Trump, TV Cabinet, Fox Business, Medicare, Republicans, South Dakota Gov, Department of Homeland Security, Wall Street, CNBC, Commerce, North Dakota Gov, of, Interior, Republican, Capitol, Florida, and Drug Administration, “ Fox, Department of Health, Human Services, Salem Radio Network, National Economic Council, America News Network Locations: Israel, Mar, Palm Beach , Florida, Wisconsin, Minnesota, Pennsylvania, Florida, America, Spanish, Washington ,, Gaetz, Delaware, Ohio
Advertisement"Outlander" season seven has seen one major member of Jamie Fraser's family recast. As of season seven part two, Kristin Atherton has taken over the role. Warning: Spoilers ahead for "Outlander" season seven, episode nine, "Unfinished Business." The second half of "Outlander" season seven has reintroduced viewers to a few characters not seen since the show's early days. But while the character was originally played by Northern Irish actor Laura Donnelly in early seasons, she has been replaced by another actor for season seven.
Persons: Jamie Fraser's, Jenny Murray, Laura Donnelly, Kristin Atherton, Jamie, Sam Heughan, Caitríona Balfe, Ian Murray, Steven Cree, Nell Hudson, Janet, Jenny, Murray, Donnelly, Neil Davidson, Starz Donnelly, Tolkien, Emma Healy's, Olivier, Tony, Sam Mendes, Donnelly's, Jez Butterworth, Atherton, Starz Jenny, who'll, Dougal MacKenzie, Graham McTavish, Geillis Duncan, Lotte Verbeek, Brian Fraser, Andrew Whipp, Joan MacKenzie, Layla Burns, Matthew B, Roberts Organizations: Northern, Starz, Business, Sony Pictures, Broadway, Hulu Locations: Claire, Laoghaire Mackenzie, Northern Irish, California
Bernie Moreno, Republican U.S. Senate candidate from Ohio, attends a campaign event in Holland, Ohio, on Saturday, October 26, 2024. In total, crypto-related PACs and other groups tied to the industry reeled in over $245 million, according to Federal Election Commission data. Crypto accounted for nearly half of all corporate dollars that flowed into the election, according to nonprofit watchdog Public Citizen. It was one of the top spending committees of any industry this cycle and exclusively gave to pro-crypto candidates running for Congress. "Welcome to America's most pro-crypto Congress ever," Armstrong wrote on X on Nov. 5.
Persons: Bernie Moreno, Moreno, Sen, Sherrod Brown, Tom Williams, Donald Trump, Coinbase, Crypto, Marc Andreessen, Ben Horowitz, David Sacks, " Moreno, Brian Armstrong, Fred Ehrsam, Faryar Shirzad, Armstrong, Ehrsam, Coinbase's Armstrong, Gary Gensler, Brown, Elizabeth Warren, FTX, Fairshake, gunning, Republican Jim Justice, Democratic Sen, Joe Manchin, Katie Porter, Porter, he'd, Horowitz, Sacks, Coinbase's Shirzad, Moreno wasn't, Shirzad, David McIntosh, McIntosh, hasn't, JD Vance's, Sam Bankman, Gensler, Andreessen Horowitz, Cameron, Tyler Winklevoss, Ripple, Chris Larsen, JD Vance, Paul Grewal, Jesse Powell, Trump, Phil Potter, Multicoin Capital's Kyle Samani, Fred Wilson, Charles Cascarilla, Mike Belshe, Solana, Anatoly Yakovenko, Wences Casares Organizations: Republican U.S, Cq, Inc, Getty, Democratic, Banking Committee, Public Citizen, Crypto, House, Securities and Exchange Commission, SEC, Senate, Committee, Republicans, Protect, Fairshake, Defend, Jobs, Republican, New, CNBC, Andreessen, Craft Ventures, Club for Growth, Growth, Politico, PAC, Labs, Senate Inc, Trump, Union Square Ventures, Xapo Bank Locations: Republican, Ohio, Holland , Ohio, Cleveland, Coinbase, U.S, Arizona, Michigan, West Virginia, California, Washington, FTX, Nashville , Tennessee
President-elect Donald Trump on Friday asked Scott Bessent, a top fundraiser to his campaign, to serve as secretary of the Treasury Department, two sources familiar with the matter confirmed to NBC News. And with Trump proposing aggressive tariffs on imports from countries spanning the globe, the new Treasury Department chief will have to manage relationships with global finance ministers who may choose to retaliate with tariffs of their own. With inflation moderating over the past year, the Powell-led Fed has cut interest rates as part of a bid to stop high borrowing costs from unduly raising unemployment. In Trump’s first term, he tapped banker Steven Mnuchin to lead the Treasury Department. But his tenure at the Treasury Department was more stable than those of other high-level Cabinet posts in Trump’s first term.
Persons: Donald Trump, Scott Bessent, Bessent, Trump, Jerome Powell, , ” Powell, Powell, Steven Mnuchin, Mnuchin, Trump’s Organizations: Treasury Department, NBC News, Senate, White, Republican, Congress, Federal Reserve, Bloomberg News, Fed, CNBC Locations: Hollywood
A recent Israeli airstrike in Syria killed a senior Hezbollah commander who helped plan one of the boldest and most sophisticated attacks against American troops during the Iraq War, according to a senior U.S. defense official. Ali Mussa Daqduq had been captured by U.S. forces following the 2007 raid in which militants posing as an American security team killed five U.S. soldiers. It was not immediately clear when the strike took place, where in Syria or whether it targeted Daqduq specifically, the senior defense official said. The elaborate raid Daqduq helped plan was carried out at a U.S.-Iraqi military complex in Karbala on Jan. 20, 2007. The facility was part of a series of compounds known as Joint Security Stations in Iraq, where U.S. troops lived and worked with the Iraqi police and soldiers.
Persons: Ali Mussa Daqduq, Daqduq, Jacob Noel Fritz, Brian Scott Freeman, Shawn Patrick, Johnathan Bryan Chism, Johnathon Miles Millican Organizations: Pentagon, Security, Provisional Joint Coordination Center, Spc, Force, country's Revolutionary Guard, Quds Force, U.S Locations: Syria, Iraq, U.S, American, Iraqi, Karbala, Jan, Iran
Those travelers need to get their gates fast and the moving sidewalk wasn’t doing it. The economics of airport moving walkwaysSome experts point to high maintenance costs for removing the moving sidewalks. A group of German economics professors released an extensive study earlier this year about airport moving sidewalks. “The design of Denver International Airport is such that our moving walkways run where our gates are located. Aleinikoff said that while he doesn’t think moving sidewalks are inherently unsafe, they do require regular maintenance, and he says the “teeth” at the end of the moving sidewalks can be “pretty sharp.” Gow has, Aleinikoff said, made a full recovery.
Persons: , Olivia Tyler, , ” Tyler, Tyler, Hunt, Harry Reid, Nils Boysen, Dan Bubb, ” Bubb, Matine Yuksel, John Yuksel, Stacey Stegman, Kone, Schindler, ” Stegman, Stegman, Kenneth Gow, Gow, Gow’s, Brian N, TK, Aleinikoff, ” Gow Organizations: Northwest, Northwest Arkansas National Airport Regional Airport Authority, Northwest Arkansas National Airport Regional, Authority, Walmart, Tyson Foods, Airports, Harry Reid International, Las Vegas, Friedrich Schiller University Jena, University of Las Vegas Honors College, Northern, Northern Kentucky International, Denver International, Delta Airline, Corporation Locations: Northwest Arkansas, Chicago, Las Vegas, Orlando, Dallas, Cincinnati, — Tampa, Denver, Norfolk, Las, Northern Kentucky, Otis, Gow’s Denver
Tech billionaire Elon Musk, the owner of social media platform X, criticized proposed legislation in Australia that aims to ban social media for children under 16. The legislation, which was introduced in Parliament by Australia’s center-left government on Thursday, is among the world’s toughest on social media. Other countries have tried to impose limits on social media for children, including the United States which requires technology companies to obtain parental consent to collect data from children under 13. This is not the first time Musk has been publicly critical of the Australian government over tech regulation. At the time, Albanese called Musk an “arrogant billionaire who thinks he is above the law.”In September, Musk called the Australian government “fascists” over plans to crack down on misinformation online.
Persons: Elon Musk, , Anthony Albanese, Albanese, Musk Organizations: Tech, Facebook, Australian Locations: Australia, Australia’s, United States
In an environment of high valuations, one of two "catalysts" could cause a market correction. It has a price-to-earnings ratio above 27, and some have described it as expensive by almost every measure. "We do think that a correction would be healthy, but you will need some type of catalyst for that correction to take place. [It is] still quite healthy, but it is slow, right? "If that continues to slow a bit more, if we were to see inflation tick up again, that could be a catalyst," Arcese said.
Persons: Brian Arcese, CNBC's, Arcese Organizations: Management Locations: Singapore, U.S
CNN —Nearly six years after actor Jussie Smollett was accused of staging a hate-crime hoax in downtown Chicago and lying to police, an Illinois Supreme Court decision overturned his conviction on Thursday over prosecutorial issues, according to the Associated Press. Brothers Olabinjo Osundairo and Abimbola Osundairo arrive at court for a hearing for actor Jussie Smollett in Chicago on July 14, 2021. Kamil Krzaczynski/ReutersIn a statement thanking fans in 2019, Smollett said he had “been 100% factual and consistent on every level” in response to doubts about his story’s integrity. Smollett told Abimbola Osundairo he was disappointed in the “Empire” team’s reaction to the letter, according to prosecutors. I wouldn’t have had a trial,” Smollett told ET.
Persons: Jussie Smollett, Kim Foxx, , Nenye, Smollett’s, Joe, ” Uche, , he’s, , CNN’s Laura Coates, Foxx, Dan K, Webb, Smollett, Donald Trump –, Olabinjo, Abimbola Osundairo, Kamil Krzaczynski, Eddie Johnson, ” Johnson, Johnson, Brian CassellaPool, Holliday, ” Smollett, Tonight’s Nischelle Turner, , Chris Boyette, Bill Kirkos, Omar Jimenez, Steve Almasy, Ashley Killough, Christina Maxouris Organizations: CNN, Associated Press, AP, Fox, , Chicago, Smollett, Chicago Police Department, Authorities, Reuters, Chicago Police, Chicago police, Police, Chicago Tribune Locations: Chicago, Illinois, Cook, City, MAGA, Cook County
Intuit — Stock in the financial software firm pulled back about 3% after its earnings guidance for the current quarter missed analyst estimates. Intuit forecast second-quarter earnings of $2.55 to $2.61 per share, while analysts polled by FactSet were looking for a profit of $3.25 per share. Ross' third-quarter earnings of $1.48 per share surpassed the $1.40 forecast from analysts polled by LSEG. NetApp earned $1.87 per share, after adjustements, on revenue of $1.66 billion, while analysts polled by LSEG were looking for a profit of $1.78 per share and revenue of $1.65 billion. Elastic — The software stock jumped 24% after the company posted an earnings beat.
Persons: FactSet, Goldman Sachs, Ross, NetApp, LSEG, — CNBC's Michelle Fox, Sean Conlon Organizations: Intuit —, Intuit, Ross, LSEG Locations: LSEG .
A group of young men and women, all dressed in black, marches down a busy street in the heart of Times Square. Walking in formation, they dodge parked cars, bicycles and pedestrians, as the man leading them belts out a song. “Sunset Boulevard, ruthless boulevard / Destination for the stony-hearted.”This ambitious scene from the director Jamie Lloyd’s Broadway revival of “Sunset Boulevard” hinges on a live tracking sequence that goes backstage and spills onto West 44th Street. It’s shown in real time on a massive LCD screen to the audience inside the St. James Theater, but passers-by — both unsuspecting and calculating — get a front-row view, at least during the number’s three-minute outdoor portion.
Persons: Jamie Lloyd’s, It’s, James Organizations: James Theater
“You can just tell by the nominees for cabinet positions and agency heads that this will be an administration of retribution,” Baron added. Trump’s impending return to power was a theme of the conversations at the Committee to Protect Journalists gala. Attendees discussed the need to report without fear or favor, to be open-minded but clear-eyed about what actions the Trump administration might take, and to avoid fearmongering but to consider a range of possibilities. Here are some of the specific concerns that have arisen among members of the media:In the second Trump term, legal threats and frivolous lawsuits could pile up, costing newsrooms money and time. The Trump administration could reinstate the Justice Department’s past practice of pursuing reporters’ records in leak investigations.
Persons: Joe Scarborough, Mika Brzezinski’s, Donald Trump, Brzezinski, Trump, Joe ”, Marty Baron, ” Baron, Jodie Ginsberg, they’re, newsrooms, Trump’s, Jessica Lessin, , it’s, ” Lessin, Jacob Weisberg, Matt Egan, ” Poynter, Kelly McBride, , leakers, nix, CNN’s Liam Reilly Organizations: New, New York CNN, MSNBC, Scarborough, Washington Post, , Protect Journalists, Committee, Newsroom, “ Journalists, Trump, Media, TV, Nonprofit, Social, Republicans Locations: New York, Mar
CNN —President-elect Donald Trump on Friday announced his picks for critical remaining public health roles in his incoming administration. He or she also serves as vice admiral of the US Public Health Service Commissioned Corps, overseeing this group of uniformed officers who seek to promote the nation’s health. “And if you remember, under the President Trump administration’s leadership, you’ll recall that we had incredible public health policies, President Trump’s unparalled creation of Operation Warp Speed was one like we’ve never seen before. Chan School of Public Health. “The superiority of natural immunity over vaccinated immunity is clear.”CDC directorThe director of the CDC leads the nation’s foremost public health agency, which deals with disease prevention and control and environmental health.
Persons: Donald Trump, Trump, Janette Nesheiwat, Marty Makary, Dave Weldon, Robert F, Kennedy Jr, Trump’s, Kennedy, CNN’s Kaitlan Collins, “ We’re, ” Nesheiwat, you’ll, we’ve, Johns Hopkins, Makary, , Weldon, , Terri Schiavo, Brian Stelter, Meg Tirrell Organizations: CNN, Friday, Food and Drug Administration, US Centers for Disease Control, National Institutes of Health, US Department of Health, Human Services, Senate, CDC, US Public Health Service, Corps, Fox News, American Board of Family Medicine, American University of, University of Arkansas, Medical Sciences, FDA, Johns Hopkins University, Sidney Kimmel Medical College of Thomas Jefferson University, Harvard, of Public Health, National Academy of Medicine, World Health Organization, Street, Journal, Agency, Toxic Substances, SUNY, Army, Letterman Army Medical Center, Army Reserve, American Board of Internal Medicine, Assurance, Agency for Vaccine, HHS, Disease Control Locations: Florida, Caribbean, St, Maarten, New York, Chan, Buffalo
The interest rate outlook will come back into focus next week with key inflation data and Federal Reserve meeting minutes coming out ahead of Thanksgiving, as investors wrap up a major month for markets following President-elect Donald Trump's election victory. The October personal consumption expenditure (PCE) price index set to release Wednesday could dent already-dimming hopes for a December rate cut if it comes in hotter than expected. The inflation rate is expected to have increased 0.2% month over month and 2.3% year on year. Rosy expectations Even with the interest rate cut expectations coming in, investors are optimistic on the direction for stocks to close out the year and into 2025. Goldman Sachs' David Kostin this week said he expects the S & P 500 can end next year at 6,500.
Persons: Donald Trump's, , Luke O'Neill, Stocks, O'Neill, Goldman Sachs, David Kostin, Morgan Stanley's Mike Wilson, Brian Belski, Tom Hainlin, Jeff Cox Organizations: Federal Reserve, Alpha Fund, Nasdaq, Dow Jones, BMO, UBS, Bank Asset Management, Dell Technologies, Chicago, New, Richmond Fed, Devices, Autodesk, PCE Deflator, Chicago PMI Locations: U.S, Chicago
The Trump trade showed its resilience this week
  + stars: | 2024-11-22 | by ( Brian Evans | ) www.cnbc.com   time to read: +3 min
Small-cap stocks were one of the biggest winners on Wall Street this week, serving as a prime example that the Trump trade is alive and well after a brief pause . Small caps were not the only components of the Trump trade that had strong gains this week. According to Tom Fitzpatrick, managing director at R.J. O'Brien & Associates, all signs point toward the Trump trade staying strong. Tesla, other stock components of the Trump trade Electric vehicle stock Tesla advanced nearly 10% this week. "I believe energy still has a lot to prove and the Trump trade didn't work out as well as investors thought it supposed to over his first term."
Persons: Trump, Russell, Donald Trump, Tom Fitzpatrick, Fitzpatrick, Bitcoin, Gary Gensler, Tesla, Elon Musk, Vivek Ramaswamy, Halliburton, Jay Woods, Woods Organizations: Nasdaq, Dow Jones, Investors, Trump, Tesla, Trump Media & Technology Group, Halliburton, U.S . Steel, O'Brien & Associates, CNBC, U.S, Securities and Exchange Commission, Freedom Capital Markets . Energy
CNN —President-elect Donald Trump is expected to offer Kelly Loeffler the job of secretary of the Department of Agriculture, two people familiar with the matter told CNN. He is set to meet with her at Mar-a-Lago Friday afternoon, but as is always the case, nothing is final until Trump announces it. The agriculture job will likely be a significant one — especially as Trump’s pick to run the Department of Health and Human Services, Robert F. Kennedy Jr., has promised to assert his influence over the agriculture industry. Loeffler, appointed to the Senate by Georgia Gov. Brian Kemp over the wishes of Trump, lost her seat in a 2021 runoff to Democratic now-Sen. Raphael Warnock.
Persons: Donald Trump, Kelly Loeffler, Loeffler, Michael Whatley, Sen, Marco Rubio, Elise Stefanik —, Robert F, Kennedy Jr, Brian Kemp, Trump, Raphael Warnock, Joe Biden’s, , CNN’s Zachary Cohen Organizations: CNN, Department of Agriculture, Mar, Trump, Senate, Republican National, of Health, Human Services, Georgia Gov, Democratic, Capitol Locations: Georgia, Washington, Trump’s
Susan Wiles, Trump's incoming chief of staff, maintained ties to a lobbying firm until this month. Sean Duffy, Trump's pick for Transportation secretary, has lobbied for a group of major airlines. The EPA, under Obama, Trump, and Biden's administrations, have repeatedly opposed efforts to mine in the bay, home to one of the world's largest salmon fisheries. Starting not long after he left Congress in 2019, Duffy lobbied for Polaris, a US auto manufacturer known its off-road and recreational vehicles. ProPublica previously reported that Duffy lobbied White House trade adviser Peter Navarro as Polaris sought to win exemptions to tariffs on the parts it was importing.
Persons: Donald Trump's, Susan Wiles, Sean Duffy, Trump's, Donald Trump, Susie Wiles, Pam Bondi, Wiles, Duffy, Uber —, Bondi, Ballard, Trump, Jeff Hauser, Brian Ballard, Alaska . Sen, Lisa Murkowski, Obama, Peter Navarro, Ron Klain, Biden's, Fannie Mae, Steve Ricchetti, Biden, Jeff Ricchetti, Barack Obama, Hauser, Hauser isn't, " Hauser Organizations: Washington, Incoming White House, Amazon, GM, MetLife, Fidelity National Financial, Ballard Partners, Trump, Republican, The New York Times, Alaska ., Alaska Republican, Partnership, EPA, Federal Aviation Administration, United, Polaris, White, General Motors, Uber, Fidelity, North, Major League Baseball, Biden, Raytheon, Politico Locations: Florida, Riyadh, Saudi Arabia, Trump, Alaska, North America, Bondi, Washington
On the day, she shakily filmed her sister running down a white runner across the deck into her fiancé's arms. I was completely blown away by the thrill of going viral." A side hustle — planning other people's wedding proposals and posting bride-to-be's reactions on TikTok — was born. Tobin brought in six figures of revenue, including roughly $9,000 in median monthly revenue, during the 12-month period ending last month, according to documents reviewed by CNBC Make It. In her highest-earning month, November 2023, Tobin's side hustle brought in more than $20,000.
Persons: Lexi Tobin, Tobin, shakily, , Brian A.M, I've Organizations: CNBC, WeddingPro Locations: New York, New York City, TikTok, Atlanta
Golfer Brian Harman said a family friend has been in a coma for nearly six weeks after she jumped into the water to save his 6-year-old son from drowning. Harman told reporters ahead of the RSM Classic on St. Simons Island, Georgia, on Tuesday that his family was on vacation in Florida along with their friend, Cathy Dowdy, when the incident occurred. When I was in China, my wife took my kids and our family friend Cathy Dowdy down to Ponte Vedra for vacation. My son ... was out boogie boarding with one of his really good friends, he got ripped out to sea by just a rip current. The professional golfer said Dowdy was "injured really badly in the water” and has spent the past six weeks in a hospital.
Persons: Brian Harman, Harman, Cathy Dowdy, “ I’ll, , Dowdy, , Cathy, ” Harman, that’s Organizations: RSM, Macau Locations: St, , Georgia, Florida, China
CNN —American golfer Brian Harman said on Tuesday that a woman is in a coma after trying to save his son from drowning in October. The incident occurred when Harman was in China and his wife and children were vacationing in Ponte Vedra Beach, Florida. Another man, Crane Cantrell, entered the water and pulled Harman’s son to safety. “(Dowdy) went in the water after my son,” Harman told reporters, via the PGA Tour. “They disregarded their selves, went into the water, saved my son, and how do you thank people like that?
Persons: Brian Harman, Harman, Cathy Dowdy, Harman’s, Crane Cantrell, ” Harman, , couldn’t, Cathy, “ She’s, Crane, , Dowdy, Dowdy’s, Mike, we’ve, Simons Organizations: CNN, RSM, PGA, Johns Citizen, Mayo Clinic, Specialty, PGA Tour Locations: American, St, , Georgia, China, Ponte Vedra Beach , Florida, Mayo, Savannah , Georgia, Glynn County
The coffee giant's statement was in response to a Bloomberg report that Starbucks is considering selling a stake in its China operations. According to Bloomberg, such options could spur investment from Chinese companies or private equity firms to help Starbucks navigate the domestic coffee market. "There's a reason why Starbucks stock hasn't gone down from when Niccol was picked," Jim argued, touting Niccol's successful six-years-plus leading Chipotle . Niccol started as Starbucks CEO in September, replacing Laxman Narasimhan who was ousted after just 17 months on the job. An employee services in a Starbucks coffee truck at Wuhan International Plaza on October 6, 2022 in Wuhan, Hubei province, China.
Persons: Brian Niccol, Bloomberg, Brian, Niccol, Jim Cramer, Jim, Niccol's, Laxman Narasimhan, Narasimhan, Howard Schultz, Jim Cramer's Organizations: Starbucks, Bloomberg, Elliott Investment Management, U.S, CNBC, Wuhan International Plaza, Getty Locations: China, U.S, Wuhan, Hubei province
The sharp move higher puts the cloud-based data stock on pace for its best day ever. SNOW YTD mountain Snowflake stock headed for its best day ever on Thursday. Goldman analyst Kash Rangan reiterated a buy rating on Snowflake following its third-quarter results, and maintained his price target of $220 per share. JPMorgan, others bullish too JPMorgan Chase analyst Mark Murphy maintained an overweight rating on Snowflake stock, but increased his price target to $185 per share. The analyst reiterated his neutral rating on Snowflake stock but increased his price target to $185 per share from $160, equating to more than 43% upside moving forward.
Persons: Sridhar Ramaswamy, Goldman, Kash Rangan, Rangan, Mark Murphy, Murphy, Brad Sills, he's, Sills, Wells Fargo's Michael Turrin, Turrin Organizations: JPMorgan, Bank of America Locations: Snowflake
Wall Street's optimistic tone since Donald Trump secured a return to the White House could have outsized benefits for a handful of stocks that typically gain when sentiment is bullish, according to Piper Sandler. "By many metrics, bullish sentiment is at an extreme," Michael Kantrowitz, Piper Sandler's chief investment strategist and head of portfolio strategy, wrote in a Tuesday note. Against this backdrop, Piper Sandler screened for stocks that are most sensitive to bullish sentiment. Garmin is another stock that historically performs well when market sentiment is high, registering gains 62% of the time. GRMN YTD mountain Garmin stock has gained nearly 60% in 2024.
Persons: Donald Trump, Piper Sandler, Stocks, Michael Kantrowitz, Piper, Uber, Trump, FactSet Organizations: Investors, Uber Technologies, Garmin, Materials, Micron Technology
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