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☆ Norfolk Southern agrees to $310 million federal settlement over Ohio train derailment
▼ + stars: | 2024-05-23 | by ( Sean Conlon | ) www.cnbc.com time to read: +1 min

Officials continue to conduct operation and inspect the area after the train derailment in East Palestine, Ohio, United States on February 17, 2023. Norfolk Southern has agreed to pay $310 million to settle charges over a toxic train derailment in East Palestine, Ohio, in February 2023, the company announced on Thursday. The majority of the settlement is an estimated $235 million to cover all past and future cleanup costs. Per the agreement, the company will also pay a $15 million civil penalty to resolve alleged violations of the Clean Water Act. "We will continue keeping our promises and are invested in the community's future for the long-haul."

Persons: Alan Shaw Organizations: Norfolk Southern, EPA, U.S . Department of Justice, Norfolk Locations: East Palestine , Ohio, United States, Norfolk Southern

☆ Nvidia shares pop 10% to record high after forecast signals unwavering demand for AI chips
▼ + stars: | 2024-05-23 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Nvidia shares jumped more than 10% on Thursday after the company on Wednesday reported earnings that topped Wall Street estimates and showed that there's still ferocious demand for its artificial intelligence chips. First-quarter revenue came in higher than expected at $26.04 billion compared with the LSEG estimate of $24.65 billion. The company issued strong guidance, saying it expects $28 billion in revenue for the current quarter, beating the LSEG estimate of $26.61 billion. Shares passed $1,000 for the first time, reaching an all-time high of $1,051.96 during intraday trading, and are up about 111% this year. Nvidia on Wednesday announced a 10-for-1 stock split, with shares set to begin trading on a split-adjusted basis at market open on June 10.

Persons: Jensen Huang, there's, Bernstein's Stacy Rasgon, Jefferies, Blackwell Organizations: Nvidia, Intelligence, SAP Center, Wednesday Locations: San Jose , California

☆ Canada Goose jumps 16% after the company reports growth surge in China
▼ + stars: | 2024-05-16 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Shares of Canada Goose surged 16% on Thursday after the company reported earnings for the fiscal fourth quarter and announced it was expecting year-over-year sales growth for fiscal year 2025. Here's how the company did:Earnings per share: 5 Canadian cents, which may not compare with estimates of 7 Canadian cents5 Canadian cents, which may not compare with estimates of 7 Canadian cents Revenue: CA$358 million (US$263 million), which may not compare with the CA$315.5 million (US$232 million) expected by LSEG. The broader Asia-Pacific region excluding Greater China was up 29.1%, and North American sales saw an increase of 24.5%. This upbeat performance comes after the company announced back in March that it was going to cut 17% of its corporate workforce. Canada Goose reported the layoffs had generated about CA$20 million (US$14.7 million) in productivity improvements and cost savings for the fiscal fourth quarter.

Persons: Canada Goose, Neil Bowden, Bowden Organizations: Canada, LSEG, Revenue, North, Asia Pacific Locations: Canada, Greater China, Mainland China, Hong Kong, Macau, Taiwan, Asia, Pacific, China, Macao, North America

☆ Biden signs bill banning imports of Russian uranium for nuclear fuel
▼ + stars: | 2024-05-14 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Ready-to-ship canisters filled with enriched uranium at the Urenco USA uranium enrichment facility near Eunice, New Mexico, US, on Tuesday, July 11, 2023. Russia's invasion of Ukraine is forcing the US and Europe to search for alternative sources of enriched uranium to power their reactors. The United States will ban imported Russian uranium starting on Aug. 11, the U.S. Department of Energy announced Tuesday. "Our nation's clean energy future will not rely on Russian imports," U.S. Energy Secretary Jennifer Granholm said in a statement. "Banning imports of Russian uranium will jumpstart America's nuclear fuel industry, further defund Russia's war machine, and help revive American uranium production for decades to come," Barrasso said in a statement on Monday after the bill's enactment.

Persons: Joe Biden, Jennifer Granholm, Sen, John Barrasso, Barrasso, Anatoly Antonov, Biden, – Organizations: U.S . Department of Energy, Department of Energy, U.S, Exchange, Uranium, Uranium Miners, U.S . Energy, U.S ., Energy, Natural Resources Locations: Eunice , New Mexico, Russia's, Ukraine, Europe, United States, Russia, U.S

☆ Sweetgreen shares soar 35% after company beats revenue expectations
▼ + stars: | 2024-05-10 | by ( Sean Conlon | ) www.cnbc.com time to read: +1 min

Sweetgreen shares surged 35% on Friday after the company topped Wall Street's revenue expectations for the first quarter. The salad chain reported $158 million in revenue, beating the LSEG consensus estimate of $152 million. It is an increase of 26% from the prior-year period, when it reported revenue of $125.1 million. Neman added that the company remains "on track" to open about seven new automated Infinite Kitchen restaurants this year and plans to establish more next year. The company announced Tuesday it's introducing steak to the menu, expanding its protein offerings with a Caramelized Garlic Steak protein plate, a Steakhouse Chopped warm bowl and a Kale Caesar (Steak) salad.

Persons: Sweetgreen, Jonathan Neman, Kale Caesar, Nicolas Jammet, We're Organizations: Wall, South Lake Union, Analysts Locations: Neman, South Lake, Seattle, Boston

☆ ESPN, League One Volleyball sign media deal for inaugural pro season
▼ + stars: | 2024-05-09 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

ESPN and League One Volleyball have reached a multi-year media rights deal, starting with the league's inaugural professional volleyball season, LOVB announced Thursday. ESPN will air 10 LOVB Pro matches across its linear networks and 18 matches on ESPN+ as part of the first season, which begins in January. LOVB operates 47 youth volleyball clubs in 22 states across the U.S. with more than 1,200 youth teams. Spaulding told CNBC in an interview the introduction of a professional league makes the business a "true youth-to-pro ecosystem." LOVB Pro matches will also be available on ESPN platforms in select countries and territories such as Canada, the Caribbean, Latin America, Sub-Saharan Africa, Australia and New Zealand.

Persons: LOVB, Daniel Margulis, ESPN's, It's, LOVB's, Rosie Spaulding, Spaulding Organizations: ESPN, League, Disney, Fox Corp, Warner Bros, CNBC Locations: Austin , TX, Atlanta, Austin , Texas, Houston, Madison , Wisconsin, Omaha , Nebraska, Salt Lake City, American, Canada, Caribbean, Latin America, Saharan Africa, Australia, New Zealand

☆ Organized retail theft ring that targeted Macy's, other retailers is charged in New York
▼ + stars: | 2024-05-08 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

The Macy's logo is seen at its store in Herald Square in New York City on Jan. 19, 2024. "Through our investigation, we found that Rehana's Cosmetics was well-known to shoplifters, who would willingly bring them stolen items," Bragg said. Manhattan District Attorney Alvin Bragg announced an indictment relating to more than $1 million in stolen goods as part of a retail theft fencing operation. The charges come as retailers such as Target and Ulta increasingly cite theft as a growing problem at their stores. In March, a monthslong CNBC investigation showed how police broke up an organized retail crime ring that stole millions in cosmetics from Ulta stores and resold them on Amazon .

Persons: shoplifters, Bragg, Rehana's, Alvin Bragg, Attorney Alvin Bragg Organizations: Empire, Manhattan, Attorney, CNBC, Attorney's Office, CVS, Manhattan District Locations: New York City, Midtown Manhattan, borough's, New York

☆ Baylor University outperformed the Ivy League in university endowment performance rankings. Here’s how
▼ + stars: | 2024-02-27 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Baylor University's $2 billion endowment — a fraction of those in the Ivy League — generated a 6.4% return for the fiscal year that ended June 30, outperforming the entire conference. Morehead joined the university in 2011, and since fiscal 2012, Baylor's endowment has more than doubled. The key to Baylor's endowment success, according to Chief Investment Officer David Morehead, is taking advantage of dislocations in the market. This increase comes as endowment returns have rebounded nationally. Endowment returns were up 7.7% in fiscal 2023, per the latest study by the National Association of College and University Business Officers and Commonfund.

Persons: Morehead, CNBC's, David Morehead, Baylor's annualized Organizations: Baylor University's, Ivy League, Brown University, Wall Street, National Association of College and University Business, CNBC, Nvidia

☆ Baylor University outperformed the Ivy League to top university endowment performance rankings. Here’s how
▼ + stars: | 2024-02-27 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

☆ 'We have scouts all over the world': Former NBA All-Star Danny Ainge takes a money shot for global talent
▼ + stars: | 2024-01-20 | by ( Sean Conlon | ) www.cnbc.com time to read: +1 min

The Utah Jazz is casting its net wide for international players. "We have scouts all over the world — almost every basketball country throughout the world," Danny Ainge, the team's CEO and governor, told CNBC's "Halftime Report" on Friday. All 30 NBA teams feature at least one international player this season. Ainge joined the Utah Jazz as CEO in December 2021 after leading basketball operations for the Boston Celtics for 18 years. This marks a 52.59% increase from last year and a 76.57% increase since the year Ainge joined the franchise.

Persons: Danny Ainge, CNBC's, Ainge Organizations: Utah Jazz, National Basketball Association, NBA, StubHub, Boston Celtics Locations: South America, Europe, Asia, U.S, Canada, France, Utah

☆ Tuesday, Dec. 5, 2023: Cramer says these two Club holdings are a buy
▼ + stars: | 2023-12-05 | by ( Sean Conlon | ) www.cnbc.com time to read: 1 min

Tuesday, Dec. 5, 2023: Cramer says these two Club holdings are a buyJim and Jeff discuss why there's an opportunity to buy these two holdings in the Charitable Trust. Jim also says that the current market sentiment toward this pharmaceutical stock is a mistake following the company's announcement that its obesity drug is now available in U.S. pharmacies. Finally, Jim explains why this megacap tech position is gaining right now.

Persons: Cramer, Jeff, Jim Organizations: Charitable Trust

☆ The world's largest iceberg is now sailing away from Antarctica
▼ + stars: | 2023-12-04 | by ( Sean Conlon | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe world's largest iceberg is now sailing away from AntarcticaRecent satellite images show an iceberg roughly three times the size of New York City floating past the northern tip of the Antarctic Peninsula. According to the British Antarctic Survey, the berg named A23a is now likely to be swept along by the Antarctic Circumpolar Current into 'iceberg alley.' Once hosting a Soviet research station, A23a split from West Antarctica's Filchner-Ronne Ice Shelf in 1986.

Persons: berg, A23a, Antarctica's Organizations: British Antarctic Survey, Antarctic, Ronne Ice Shelf Locations: Antarctica, New York City, Soviet

☆ Monday, Dec. 4, 2023: Cramer explains why he's exiting this manufacturing position
▼ + stars: | 2023-12-04 | by ( Sean Conlon | ) www.cnbc.com time to read: 1 min

Monday, Dec. 4, 2023: Cramer explains why he's exiting this manufacturing positionJim and Jeff explain why they're exiting this manufacturing position in the Charitable Trust. Jim also says they're looking to add more shares of this power management company in its place. Finally, Jim discusses why he believes this megacap tech holding should be owned but not traded.

Persons: Cramer, he's, Jim, Jeff Organizations: Charitable Trust

☆ Israel resumes its offensive in Gaza after accusing Hamas of violating the seven-day truce
▼ + stars: | 2023-12-01 | by ( Sean Conlon | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIsrael resumes its offensive in Gaza after accusing Hamas of violating the seven-day truceIsrael announced it has resumed its offensive in Gaza after accusing Hamas of breaching the terms of a week-long truce. The truce expired at 7 a.m. local time on Friday morning. The announcement comes one day after U.S. Secretary of State Antony Blinken met with officials, including Israeli Prime Minister Benjamin Netanyahu and Palestinian Authority President Mahmoud Abbas, in Israel and the occupied West Bank.

Persons: Antony Blinken, Benjamin Netanyahu, Mahmoud Abbas Organizations: Israel, Palestinian, West Bank Locations: Gaza, Israel

☆ Friday, Dec. 1, 2023: Cramer says this beer holding may be an opportunity
▼ + stars: | 2023-12-01 | by ( Sean Conlon | ) www.cnbc.com time to read: 1 min

Friday, Dec. 1, 2023: Cramer says this beer holding may be an opportunityJim and Jeff explain why this Mexican beer position in the Charitable Trust may be an opportunity to buy after Goldman Sachs upgraded the stock to 'Conviction Buy.' Jim also says this megacap tech stock could be a future opportunity amid its price decline. Finally, Jim discusses why he is holding off on making a decision on this retail holding despite it having a good month.

Persons: Cramer, Jim, Jeff, Goldman Sachs

☆ COP28: What to expect from the UN's high-stakes climate change summit
▼ + stars: | 2023-11-30 | by ( Sean Conlon | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCOP28: What to expect from the UN's high-stakes climate change summitThe United States and China are ramping up their climate cooperation, agreeing earlier this month to triple renewable energy capacity globally by 2030 and "operationalize" a bilateral working group, among others. The move comes just weeks before nations gather at the 28th United Nations climate summit, also known as COP28. Here's what to know about the two-week conference.

Organizations: 28th United Locations: United States, China, 28th United Nations

☆ Thursday, Nov. 30. 2023: Cramer breaks down earnings from this software holding
▼ + stars: | 2023-11-30 | by ( Sean Conlon | ) www.cnbc.com time to read: 1 min

Thursday, Nov. 30. 2023: Cramer breaks down earnings from this software holdingJim and Jeff explain why this software holding in the Charitable Trust had a great quarter following their earnings report. Jim also says this entertainment stock is a buy if you are new to the Club. Finally, Jim discusses which two companies are good for the holiday season.

Persons: Cramer, Jim, Jeff Organizations: Charitable Trust

☆ Wednesday, Nov. 29, 2023: Cramer previews earnings for this software holding
▼ + stars: | 2023-11-29 | by ( Sean Conlon | ) www.cnbc.com time to read: 1 min

Wednesday, Nov. 29, 2023: Cramer previews earnings for this software holdingJim and Jeff preview one software Club holding ahead of the company's quarterly earnings report later today. Jim also says he likes this manufacturing position heading into the holiday season. Finally, Jim explains why he believes this cybersecurity stock is one of the best names in the group right now.

Persons: Cramer, Jim, Jeff

☆ Tuesday, Nov. 28, 2023: Cramer breaks down the rally for this cybersecurity holding
▼ + stars: | 2023-11-28 | by ( Sean Conlon | ) www.cnbc.com time to read: 1 min

Tuesday, Nov. 28, 2023: Cramer breaks down the rally for this cybersecurity holdingJim and Jeff explain why this cybersecurity holding in the Charitable Trust has been able to rally, reaching a new 52-week high today. Jim also says the stock price of this semiconductor position can rise after the completion of its acquisition of VMware. Finally, Jim previews earnings results for this beauty retailer.

Persons: Cramer, Jim, Jeff Organizations: Charitable, VMware

☆ Monday, Nov. 27, 2023: Cramer sells shares of this megacap tech holding
▼ + stars: | 2023-11-27 | by ( Sean Conlon | ) www.cnbc.com time to read: 1 min

Monday, Nov. 27, 2023: Cramer sells shares of this megacap tech holdingJim and Jeff discuss why they're trimming this megacap tech position in the Charitable Trust. Jim also says the selling of this software holding following the company's reporting of its quarterly results is a mistake. Finally, Jim explains why there's nothing wrong with buying one or two shares of this semiconductor company.

Persons: Cramer, Jim, Jeff Organizations: Charitable Trust

☆ Israel and Hamas agree to a humanitarian pause in Gaza
▼ + stars: | 2023-11-22 | by ( Sean Conlon | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIsrael and Hamas agree to a humanitarian pause in GazaQatar said on Wednesday that Israel and Hamas agreed to a humanitarian pause in the Gaza Strip. As part of the deal, 50 civilian women and children hostages held in Gaza will be released in exchange for a number of Palestinian women and children detained in Israeli prisons. Following the announcement, the White House announced on X that more humanitarian shipments from USAID have arrived in Egypt to cross into Gaza.

Organizations: Israel, White, USAID Locations: Gaza Qatar, Israel, Gaza, Egypt

☆ Tuesday, Nov. 21, 2023: Cramer says it's 'too soon' to add shares to this megacap tech position
▼ + stars: | 2023-11-21 | by ( Sean Conlon | ) www.cnbc.com time to read: 1 min

Tuesday, Nov. 21, 2023: Cramer says it's 'too soon' to add shares to this megacap tech positionJim explains why he believes it's not yet the time to buy more shares of this megacap tech position in the Charitable Trust. Jim also discusses why the stock price of this life sciences holding can go higher with the company's acquisition of biotechnology firm Abcam. Finally, Jim says that this department store stock is the one to be interested in for playing the retail trade.

Persons: Cramer, it's, Jim Organizations: Charitable Trust

☆ Watch a timeline of the drama between Sam Altman, OpenAI and Microsoft
▼ + stars: | 2023-11-20 | by ( Sean Conlon | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch a timeline of the drama between Sam Altman, OpenAI and MicrosoftHundreds of OpenAI employees have signed a letter threatening to join former OpenAI CEO Sam Altman at Microsoft if OpenAI's remaining board members resign. Altman was forced out of OpenAI on Friday by the company's board over communication issues. OpenAI's chief technology officer Mira Murati was appointed as interim CEO following Altman's ousting.

Persons: Sam Altman, OpenAI, Altman, Mira Murati Organizations: Microsoft Locations: OpenAI

☆ Formula 1's Las Vegas Grand Prix opening practice canceled due to a broken manhole cover
▼ + stars: | 2023-11-17 | by ( Sean Conlon | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormula 1's Las Vegas Grand Prix opening practice canceled due to a broken manhole coverLas Vegas Grand Prix's Free Practice 1 was canceled less than 10 minutes into the session on Thursday due to the concrete frame around a manhole cover failing, damaging Esteban Ocon's Alpine as well as the engine, energy store, and control electronics of Carlos Sainz's Ferrari.

Persons: Esteban, Carlos Sainz's Ferrari Organizations: Vegas

☆ Friday, Nov. 17 2023: Cramer says this Big Bank stock remains a buy
▼ + stars: | 2023-11-17 | by ( Sean Conlon | ) www.cnbc.com time to read: 1 min

Friday, Nov. 17 2023: Cramer says this Big Bank stock remains a buyJim and Jeff discuss why they believe there's an opportunity to add to this bank position in the Charitable Trust right now. Jim also says people have forgotten about this life sciences and medical holding ahead of the company's expected acquisition of Abcam next month. Finally, Jim explains why people tend to start buying this construction stock in a bull market.

Persons: Cramer, Jeff, Jim Organizations: Big Bank, Trust Locations: Abcam

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