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download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewRep. Lauren Boebert made headlines with her show of support at former President Donald Trump's hush-money trial on Thursday, but has been conspicuously absent for her own son's court appearances, according to multiple reports. During the April hearing, Boebert was in Congress voting against the passage of the Sea Turtle Rescue Assistance and Rehabilitation Act, records show. Records show that the day before the May hearing, Boebert spoke in a House debate. Showing up to support Trump in court has become something of a pilgrimage for many GOP figures in recent weeks.
Persons: , Lauren Boebert, Donald Trump's, President Trump, Boebert, Stormy Daniels, Boebert's, Tyler, Tyler Boebert, He's, didn't Organizations: Service, Colorado congresswoman, Freedom Caucus, Business, Trump, Rescue Assistance, Rehabilitation, Daily Mail, Daily, The New York Times Locations: Manhattan, Denver, Colorado
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Defense experts say that an aggressive Chinese coercion campaign, short of war but still threatening, is more likely than a full-scale invasion and the US needs to prepare for such an event. Economic and diplomatic pressure is notable, and Chinese misinformation operations and the potential to slowly set up a blockade of Taiwan are also concerns. Annabelle Chih/Getty ImagesThe report identifies four things key to resisting Chinese coercion. CM-11 tanks fire artillery during the 2-day live-fire drill, amid intensifying threats military from China, in Pingtung county, Taiwan, 7 September 2022.
Persons: , Han, Annabelle Chih, MANDY CHENG, Lai Ching, Lai, Ceng Shou Yi, John Aquilano, Xi, Aquilano, Carlos Del Toro, Frank Kendall Organizations: Service, Business, American Enterprise Institute, Institute for, Liberation Army, PLA, AEI, Cobra, Getty, Democratic Progressive Party, Taiwan, Getty Images, US, Pacific Command, US Armed Services, Air Force, Department of Defense Locations: Taiwan, China, Pingtung, US, Pacific, Hualien, AFP, Pingtung county, Guam, Japan
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. "I continue to think Costco is the stock to buy off of Walmart," Jim said Thursday. 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, Dow, Morgan Stanley, Jim, Jim Cramer's Organizations: CNBC, Nasdaq, Palo Alto Networks, Honeywell, General, GE Healthcare, Costco, Walmart, Dow Locations: U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWalmart's earnings report gave shareholders exactly what they hoped for, says UBS' Michael LasserMichael Lasser, UBS retail analyst, joins 'Squawk on the Street' to discuss what markets are keying in on with Walmart's quarterly earnings results, if the company can reach its growth target, and more.
Persons: Michael Lasser Michael Lasser Organizations: UBS
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWalmart's e-commerce business begins to threaten Amazon's supremacyCNBC's Deirdre Bosa reports on information from Walmart and Amazon.
Persons: Deirdre Bosa Organizations: Walmart, Amazon
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWalmart will have trouble keeping affluent consumers, fmr. Walmart U.S. CEO Bill Simon predictsBill Simon, Former Walmart U.S. CEO, joins 'Fast Money' to talk economic trouble that may be lurking behind Walmart's positive numbers.
Persons: Bill Simon Organizations: Walmart, Walmart U.S
Australia's richest woman has demanded an unflattering painting of her be taken down. The portrait, by Vincent Namatjira, shows mining magnate Gina Rinehart with a double chin. The National Gallery of Australia and Namatjira have both rejected Rinehart's request. AdvertisementAustralia's richest woman wants a portrait of her taken down from the country's national gallery, outlets including the Sydney Morning Herald reported. Both mining magnate Gina Rinehart and associates at her company, Hancock Prospecting, have made multiple approaches to the gallery with the demand, the newspaper reported.
Persons: Vincent Namatjira, Gina Rinehart, Organizations: of Australia, Service, Sydney Morning Herald, Nations, National Gallery of Australia, Business
But while the former president has been uncharacteristically restrained recently, a cast of Republican lawmakers and Trump surrogates have traveled to court to rail about the proceedings. It's raised questions about whether the "surrogates" could be violating Trump's gag order. Sen. Tommy Tuberville of Alabama, who has been floated as a potential VP pick, told Newsmax one reason he attended was to "overcome this gag order." Under the gag order, Trump is not allowed to comment about Cohen. But Neama Rahmani, a former federal prosecutor, told BI that "practically speaking," Judge Merchan can do little to stop lawmakers from speaking on Trump's behalf.
Persons: , Donald Trump, Michael Cohen, It's, Mike Johnson, JD Vance, Ohio, Rick Scott of, Vivek Ramaswamy, Vance, Doug Burgum, Matt Gaetz, Michael M, Trump, Juan Merchan's, Andrew Rice, he'd, Sen, Tommy Tuberville, Lauren Boebert, Cohen, Boebert, Donald J, Andrew Lieb, Lieb, ANGELA WEISS, Laurie Levenson, Neama, Merchan, Rahmani, Jeff Modisett Organizations: Service, Republican, Trump, Business, Sens, Gov, Republicans, MSNBC, Caucus, Loyola Law, Former Indiana Locations: Rick Scott of Florida, Florida, Alabama, Colorado, Manhattan
Walmart wants diners to find a value meal in its grocery aisles. As fast food gets pricier, the nation's largest grocer sees a sales opportunity. As customers see some grocery items stay the same price or even become cheaper, the gap between buying menu items and cooking food at home has grown even wider, he said. As of April, the price of food at home, a category that measures the total cost of food purchased at grocers or other food stores, was up 1.1% year over year. The price of food away from home rose significantly more: 4.1% year over year.
Persons: John David Rainey, McDonald's, Chris Kempczinski, John Furner, Furner, — CNBC's Amelia Lucas Organizations: Walmart, CNBC, Yum Brands, Management Solutions, Restaurant, U.S . Labor Department, Walmart U.S Locations: U.S, Connecticut
We'll show you everything you need to know about how to watch the Indiana Fever vs. New York Liberty live stream. She played her first official WNBA game on Tuesday, which saw the Indiana Fever lose to the Connecticut Sun 71-92. 1 draft pick in 2016, when the Indiana Fever and New York Liberty compete on Thursday. Keep reading to learn how to watch the Indiana Fever vs. New York Liberty game. ET / 12 a.m. GMT / 7 a.m. AWSTHow to watch Indiana Fever vs. New York Liberty in the USThe Indiana Fever vs. New York Liberty game will live stream on Prime Video on Thursday, May 16 at 7 p.m.
Persons: Caitlin Clark, Breanna Stewart, Clark, Stewart, we've, ExpressVPN, it's Organizations: Business, Indiana Fever's, Indiana Fever, New York Liberty, Iowa, Indiana, Connecticut Sun, WNBA, Seattle Storm, Amazon, Amazon Prime Locations: Connecticut
The Consumer Financial Protection Bureau headquarters in Washington, D.C., on May 14, 2021. The Supreme Court ruled Thursday that the funding structure of the Consumer Financial Protection Bureau is legal. The court in a 7-2 decision rejected an argument that the CFPB's funding method violated the U.S. Constitution's Appropriations Clause because Congress had not annually authorized money for the agency. Instead, Congress authorized the CFPB to draw funding from the Federal Reserve system that the agency's director deems necessary for its work. The majority's ruling reversed a decision by the 5th Circuit U.S. Court of Appeals, which found the CFPB's funding mechanism was unconstitutional.
Persons: Clarence Thomas, Thomas, John Roberts, Brett Kavanaugh, Amy Coney Barrett, Sonia Sotomayor, Elena Kagan, Ketanji Brown Jackson, Samuel Alito, Neil Gorsuch, Thursday's, Alito groused Organizations: Consumer Financial, Washington , D.C, Federal Reserve, Federal, System, 5th Circuit U.S, of Appeals, Community Financial Services Association of America, Consumer Service Alliance of Texas Locations: Washington ,
Cramer's Lightning Round: ServiceNow is a buy
  + stars: | 2024-05-15 | by ( Julie Coleman | ) www.cnbc.com   time to read: 1 min
Stock Chart Icon Stock chart icon Matterport's year-to-date stock performance. Let's leave it behind..."Stock Chart Icon Stock chart icon Safehold's year-to-date stock performance. Stock Chart Icon Stock chart icon ServiceNow's year-to-date stock performance. Stock Chart Icon Stock chart icon Oklo's year-to-date stock performance. Stock Chart Icon Stock chart icon Canopy Growth's year-to-date stock performance.
Organizations: GE Vernova
Alphabet's YouTube on Tuesday said it would comply with a court decision and block access inside Hong Kong to 32 video links deemed prohibited content, in what critics say is a blow to freedoms in the financial hub amid a security clampdown. The action follows a government application granted by Hong Kong's Court of Appeal requesting the ban of a protest anthem called "Glory to Hong Kong." In comments criticizing the court order, YouTube said the ruling would raise skepticism around the Hong Kong government's work to foster the digital economy and reclaim its reputation as a predictable place for doing business. "If you start to send platforms 100 or 1,000 links for takedown every day, this will drive platforms crazy and also make global investors more worried about Hong Kong's free market environment. How predictable and how stable the policy environment is matters a lot to foreign investors, and Hong Kong is now at a crossroads to defend its reputation."
Persons: Hong Kongers, We'll, George Chen, Chen, Hong Organizations: YouTube, Hong, Appeal, U.S ., Asia Group, Washington DC, Meta Locations: Hong Kong, Hong Kong's, Washington, Greater China
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. A new report, "The Future of News: Ad Adjacency Study," challenges this conventional wisdom and indicates the focus on brand safety in news advertising might be misguided. The report also sought to measure how large an audience advertisers might be missing out on by advertising alongside only certain topics. "Brand safety — or at least when it comes to news advertising — really doesn't promote desirable social goals because it defunds the ability to report news." Penn told BI he was hopeful the report would help create a more productive relationship between media publishers and advertisers.
Persons: , Mark Penn, Stagwell, Axel Springer, Donald Trump, Joe Biden, Penn, Gen, Biden, Trump, Maggie Milnamow Organizations: Service, Business, Politico, The New York Times, Street Journal, Washington, Harvard, Harris, Republicans
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSemafor's Ben Smith: People are not in love with TikTok, but they love creators and short videosBen Smith, Semafor co-founder and editor-in-chief, joins 'Squawk Box' to discuss billionaire Frank McCourt's interest in buying TikTok, who would benefit if the social media is banned in the U.S., and more.
Persons: Semafor's Ben Smith, Ben Smith, Semafor, Frank McCourt's Locations: U.S
Blanche grilled Cohen — the prosecution's star witness in Trump's New York criminal hush-money trial — about the many times that Cohen insulted both Trump and himself on social media. Blanche said as he questioned Cohen about an April 23 TikTok Cohen made just days after the historic trial began. While questioning Cohen, Blanche then asked him about his referring to Trump as "a boorish cartoon misogynist." Michael Cohen, the ex-lawyer for former President Donald Trump, departs his home in Manhattan to testify in Trump's criminal hush-money trial. Prosecutors allege Trump illegally disguised records reimbursing Cohen for a $130,000 hush-money payment made to Daniels ahead of 2016 election.
Persons: , Donald Trump's, Todd Blanche, Michael Cohen, Blanche, Cohen, Trump, douchebag, TikTok Cohen, Cohen deadpanned, Donald Trump, Mike Segar Cohen's, Juan Merchan, Jvlebw8A1O, Jacob Shamsian ⚖️, Cohen's, Susan Hoffinger, Stormy Daniels, Daniels, reimbursing Cohen Organizations: Service, Business, REUTERS, MeidasTouch Network, Trump, White, Prosecutors Locations: Trump's New York, Manhattan, ., Tahoe
In today's big story, everyone's talking — literally — about the big update for OpenAI's ChatGPT that could make your job a lot easier . AdvertisementOpenAI may have finally cracked the code on voice interactions with AI, though. OpenAI says GPT-4o's average response to audio inputs is 320 milliseconds, which is on par with a typical human-to-human conversation. "They've essentially made text input almost be the barbaric form of communicating with ChatGPT (or any AI) now," the developer said. ChatGPT, Tyler Le/BIOpenAI's big reveal shows the shockwaves the startup keeps sending through the tech world.
Persons: , Here's, ChatGPT Holger Scheibe, Tyler Le, OpenAI, Alex Bitter, They've, ChatGPT, Katie Notopoulos, Siri, it's, Apple that's, Andrew Burton, Justin Sullivan, Rebecca Zisser, Tim Cook's, Tesla, Mark Zuckerberg, he's, Nathan Congleton, Melinda, Gates, French Gates, she'd, Melinda Gates, Bill Gates, Doug McMillon, It's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Teen, Business, HAL, Hollywood, Apple, Apple's Worldwide, Conference, GPT, Google, Microsoft, Washington, Getty, Tesla, Melinda Gates Foundation, University of Arkansas, Depot, Sony, Disney, Cannes Locations: NBCU, New York, London
Millennium, Brevan Howard, Schonfeld, and ExodusPoint are just a few of the funds that have put roots down in either Abu Dhabi or Dubai. Meanwhile, Bridgewater's Ray Dalio bought a penthouse in Abu Dhabi as he compliments the country's policies. When one US-based hedge fund fundraiser met with Abu Dhabi officials late last year, he didn't expect much to come of it. He lauded everything from the Louvre outpost in Abu Dhabi to the warm weather to the responsiveness from government officials. A Bloomberg story on Abu Dhabi notes that it's fast-tracking country-club admissions for new wealthy immigrants.
Persons: , Brevan Howard, Schonfeld, Bridgewater's Ray Dalio, Austen Smart, Tighe, Smart, Alan Howard, Greg Coffey, Danny Yong, hoover, Doug Greenig, Morgan, Point72, Steve Cohen, Viking Global's Andreas Halvorsen, keynotes, Howard, Abu Dhabi, Craig Bergstrom, Bobby Jain's, Florin Court's Greenig, Abu, Floring Organizations: Service, United Arab Emirates, titans, Business, Tighe International, Florin Court Capital, Morgan Stanley's, Dubai Financial Services Authority, Abu, Abu Dhabi Investment Authority, Mubadala Investment Company, Corbin Capital, Abu Dhabi Global, Hong Kong, pats, Bloomberg Locations: Dubai, Abu Dhabi, London, New York, Mumbai, UAE, Asia, Switzerland, It's, Gaza, Iran, Palm, Europe, Cayman Islands, Jersey, Miami, San Franciso, Riyadh, Saudi
Read previewYour DoorDash or other food delivery apps are a prime target for hackers. One reason: food delivery apps use two-factor authentication — like those codes texted to you before you can log in — less often than other kinds, Sift found. Just 3.5% of log-ins on food delivery apps asked for that kind of verification, making it easier for hackers to get in. Related storiesHackers also target food delivery accounts since many customers only use them periodically — meaning they're less likely to notice if someone takes control. AdvertisementDo you work for DoorDash, Instacart, Uber Eats, or another gig delivery service and have a story idea to share?
Persons: , Brittany Allen, Allen, fraudsters, Uber Organizations: Service, Business, Facebook, Walmart Locations: cryptocurrency
Walmart is cutting corporate jobs and asking remote workers to relocate to central hubs: WSJThe retail giant is reducing its site presence, further to closing multiple stores this year. The move is part of a trend called "quiet firing," a method to motivate employees to quit. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementWalmart is cutting hundreds of corporate jobs, asking remote employees to move to offices, and relocating workers in smaller sites, The Wall Street Journal reported Monday.
Persons: Organizations: Walmart, Service, Street, Business Locations: Dallas , Atlanta, Toronto, Arkansas , New Jersey, Southern California
Walmart is laying off hundreds of corporate workers across the country as it relocates many employees to its Arkansas headquarters. The majority of employees working remotely and in offices in Dallas, Atlanta and Toronto have been asked to relocate. Walmart is the nation's largest private employer with about 1.6 million employees, most of whom work at its stores across the country. Walmart has another reason to bring more employees to Bentonville: It is building a nearly 350-acre campus there. In February 2022, we made the decision to bring Home Office associates back into our campus offices.
Persons: Donna Morris Organizations: Walmart, Walmart Health, Street Journal, Home Office, Toronto Global Tech, Office Locations: Arkansas, Bentonville , Arkansas, Dallas , Atlanta, Toronto, San Francisco Bay, Hoboken , New Jersey, Arkansas , Florida, Georgia , Illinois, Texas, Bentonville, Morris, Hoboken, New York
Walmart is cutting hundreds of corporate jobs and asking most remote workers to move to offices, the Wall Street Journal reported on Monday, citing people familiar with the matter. Walmart will still let staff work remotely part time, as long as they are in offices a majority of the time, the report said. Walmart employed approximately 2.1 million associates as of Jan. 31, 2024, according to regulatory filings. In February 2023, it shut three of its U.S. technology hubs and asked hundreds of workers to relocate to keep their jobs, pushing for more employees to report to work from office. Walmart didn't immediately respond to a Reuters request for comment.
Persons: Walmart didn't Organizations: Walmart, Wall Street Locations: Dallas , Atlanta, Toronto, Bentonville, Hoboken, Southern California
Tia-Clair Toomey-Orr, six-time Fittest Woman on Earth, is returning to the CrossFit Games this year. The six-time Fittest Woman on Earth skipped the 2023 CrossFit Games after she gave birth to her daughter Willow last May. NobullToomey-Orr sets small training goals for herselfWatching the 2023 CrossFit Games from the sidelines in August was tough for Toomey-Orr, she previously told BI. While Willow regularly watches her mother training, Toomey-Orr isn't going to push her daughter into CrossFit as a career. Like winning the CrossFit Games six times, taking a year off to have a baby, and getting straight back to it.
Persons: Tia, Clair Toomey, Orr, , Willow, Toomey, she's, Nobull Toomey, It's, Goruck, Orr isn't Organizations: Service, Games Locations: Nashville, CrossFit
Read previewWalmart CEO Doug McMillon returned this weekend to his alma mater, the University of Arkansas, where he delivered the commencement address to the class of 2024. McMillon also revealed how some plans didn't work out — like being rejected from the top MBA programs — and how a mistake could have ended his career before it began. I'm wired to think more about what's coming next than the moment right in front of me. AdvertisementMy second piece of advice is to pursue a career that does not feel like work. If you're in the right place, most days, work won't even feel like work.
Persons: , Doug McMillon, McMillon, Doug McMillon's, I've, Jim Webster, Jim, Wharton, Shelly, they're, Sam Walton's, Helen, it's, you've, Benny Bridwell, Benny, Bryan Adams Organizations: Service, University of Arkansas, Business, Harvard, Stanford, Walmart Locations: Arkansas, USA, South Africa, Rogers
Each month, they pay $3,700 for their mortgage, $3,342 on their credit card debt and $2,495 on their auto loans. 'The house is burning down'When Sethi asked Kevin and Michelle why they needed help despite their high income, Kevin said impulse buys like drinks at 7-Eleven have really added up. The couple owes $73,000 in credit card debt and $99,000 on two auto loans for luxury cars. "That's a total distraction from what's really going on here, which is the house is burning down." At the time of the podcast's recording, the couple's fixed costs came out to about 73% of their monthly income.
Persons: Ramit Sethi, Rich, Kevin, Michelle, Sethi
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