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☆ Commercial real estate services firm restructures debt after default as industry's problems widen
▼ + stars: | 2024-02-26 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +6 min

The announcement came after S&P Global Ratings lowered Avison's credit on Friday and reported that the company had defaulted on the loan. Weeks earlier, S&P had downgraded the credit rating of Cushman & Wakefield, another major services firm. Higher interest rates have dislocated property values and stifled sales transactions, cutting off a major revenue stream for these firms. Leasing activity across major property types, meanwhile, including office, remains diminished. A push into US real estateAvison sought to rapidly grow in the US over the past decade, including in major commercial real estate markets such as New York City.

Persons: Avison Young, Weeks, Cushman, –, Mark Rose, Avison, Rose, CDPQ, Arbour, MSCI, doesn't, that's Organizations: Cushman & Wakefield, Business, Leasing, Caisse, Federal Reserve Locations: Toronto, Avison, Lane, Stamford , Connecticut, New York City

☆ Palo Alto rises while Alphabet sinks — plus the latest on Wells Fargo, Broadcom and Apple
▼ + stars: | 2024-02-26 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Wells Fargo speaks: Shares of Wells Fargo made a new 52-week high earlier before giving back its gains as part of the broader market dip. 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, Stocks, OpenAI's, Ben Reitzes, Wells Fargo, Wells, Michael Santomassimo, Santomassimo, Cramer, that's, we'll, Decker, Jim, Jim Cramer's, Sundar Pichai, David Paul Morris Organizations: CNBC, Palo Alto Networks, UnitedHealth, Healthcare, Melius Research, Microsoft, Nvidia, UBS Financial Services Conference, Broadcom, VMware, KKR, Home, Stanley Black, Jim Cramer's Charitable, Allen, Co . Media, Technology Conference, Bloomberg, Getty Locations: Palo, Melius, Wells Fargo, Sun Valley , Idaho

☆ Albert Einstein College of Medicine to offer free tuition after billion-dollar gift
▼ + stars: | 2024-02-26 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +4 min

New York CNN —Students at the Albert Einstein College of Medicine in New York will receive free tuition after a $1 billion dollar donation from a former faculty member. In 2010, their gift of $25 million to the Albert Einstein College of Medicine went towards creating the school’s Institute for Stem Cell Research and Regenerative Medicine. Professor Emerita of Pediatrics at Albert Einstein College of Medicine and The Lizette H. Sarnoff Award recipient Ruth L. Gottesman, Ed.D. Brent N. Clarke/Getty ImagesDr. Ruth Gottesman joined the medical school in 1968 and developed screening, evaluation and treatments for children with learning disabilities. In 2018, in part due to Langone’s donations, NYU’s School of Medicine became the first medical school in the country to offer free tuition to accepted students.

Persons: Ruth Gottesman, David “ Sandy ” Gottesman, Berkshire Hathaway, Warren Buffett, Philip Ozuah, Sandy Gottesman, “, Sandy, ”, H, Sarnoff, Ruth L, Brent N, Clarke, Emily Fisher Landau, Ruth Gottesman’s, Michael Bloomberg, Ken Langone, Yaron Tomer, Albert Einstein Organizations: New, New York CNN, Albert Einstein College of Medicine, Montefiore Medicine, Manhattan Co, school’s, Stem Cell Research, Regenerative, Sinai, Pediatrics, Rehabilitation Center, Emily Fisher Landau Center, Johns Hopkins University, Home Depot, NYU’s School of Medicine, Association of American Medical Colleges, ” Locations: New York, Berkshire, Manhattan, New York City, Bronx

☆ A guide to trading options on stocks reporting earnings, including Lowe's this week
▼ + stars: | 2024-02-26 | by ( Michael Khouw | ) www.cnbc.com time to read: +9 min

Here's a tutorial on how to trade options on a stock about to report earnings. Lowe's this week Consider Lowe's which is scheduled to report earnings on Tuesday. Home Depot reported about a 14% decline in EPS and revenue fell by more than $1 billion for the quarter versus the prior year. Despite the unremarkable results Home Depot reported, after initially falling about 2% from Friday's close to Tuesday's open, the stock has since rebounded. The reason is, in Lowe's at least, moves of those magnitudes the week of earnings are quite infrequent.

Persons: It's, it's, Lowe's, Khouw Organizations: Nvidia, Industry, Home Locations: Lowe's

Elena Perova | Istock | Getty ImagesJust ahead of the holiday season, Walmart had encouraging news for inflation-weary shoppers: Prices on food and other staples were falling instead of rising. But the retail giant backpedaled this week, saying higher prices on many grocery items and household staples like paper goods have stuck. Food prices climbed 2.6%, fueled by a 5.1% jump in prices for food away from home, a category that includes restaurant meals and vending machine purchases. That gives their makers the ability to keep raising prices to mitigate higher costs, even as their volume drops. Even some of the biggest U.S. brands have signaled that consumers' tolerance of higher prices has worn thin.

Persons: Elena Perova, John David Rainey, Coke, James Quincey, Gregory Daco, airfares, Tyson, Fernando Fernandez, Arun Sundaram, Kraft Heinz, Chocolate, Hershey, Edward Jones, Brittany Quatrochi, Sundaram, Pringles, Kellanova, Heinz, Stefani Reynolds, Brad Thomas, CFRA's Sundaram, Thomas, Frederic J, Brown, Oscar Mayer, Greg Melich Organizations: Istock, Walmart, CNBC, Federal, Depot, Pew Research Center, Maine Foods, Unilever, Nestle, Bloomberg, Getty, Planters, Target, Kroger, AFP, U.S, PepsiCo, Frito, Evercore ISI Locations: Hershey , Pennsylvania, North America, Washington ,, Rosemead , California

☆ ‘Scandals and secrets’: On board the world’s most exclusive private residential ship
▼ + stars: | 2024-02-24 | by ( Francesca Street | ) edition.cnn.com time to read: +15 min

Welcome to The World, an exclusive private residential ship home to 165 superluxe apartments. Antonucci’s children were in their early 20s during his stint as a World resident, but they came and visited their parents on board from time to time. Unlike on an ordinary cruise ship, residents are able to make renovations and decorate according to personal tastes. Peter AntonucciFor many residents, the social life on board The World is also a big part of the appeal. The World’s owners also chose not to respond to Antonucci’s account of life on board.

Persons: CNN —, – you’ve, “ I’m, Peter Antonucci, you’ve, Antonucci, he’d, ”, he's, Peter Antonucci Antonucci, “, Antonucci didn’t, they’d, Antonucci can’t, ” Antonucci, –, aren’t, “ They’re, I’ve, ’ Antonucci, There’s, carousing ”, wasn’t, I’d, ‘, Antonucci “, he’s Organizations: CNN, HBO, CNN Travel, “, Street, Wimbledon, ” Locations: Antonucci, Belize, Panama, New York, Europe, Maldives, Seychelles, Australia, New Zealand, London, Rio de Janeiro, Florida, Solomon Islands, South Africa

☆ A woman is marrying an AI hologram, ushering in a weird new era for human-robot relationships
▼ + stars: | 2024-02-22 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +2 min

Read previewA Spanish-Dutch artist is set to marry an AI hologram this summer, with the groundbreaking union ushering in a weird new era of human-robot relationships. The press release said that the unconventional ceremony will take place at the Depot Boijmans Van Beuningen Museum in Rotterdam, the Netherlands. "It's interesting how we can get a mortgage to buy a new car, and now we can have a mortgage to buy a new companion," she said in the press release. According to the press release, Framis, who has posted videos of her cooking and eating with AILex, previously had a relationship with a mannequin named Pierre. None of his family attended the wedding ceremony.

Persons: —, Alicia Framis, AILex, Framis, Pierre Organizations: Service, Business Locations: Beuningen, Rotterdam, Netherlands

☆ Jim Cramer talks what investors can learn from Home Depot
▼ + stars: | 2024-02-21 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJim Cramer talks what investors can learn from Home Depot'Mad Money' host Jim Cramer takes a closer look at the state of home improvement with Home Depot numbers.

Persons: Jim Cramer Organizations: Depot

☆ Bridgit Mendler went from Disney star to space startup CEO with $6.3M in funding—it started with an accidental college major
▼ + stars: | 2024-02-21 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

Bridgit Mendler's path from Disney Channel star to space startup CEO started with — quite literally — an accident. The 31-year-old is the CEO and co-founder of Northwood Space, a company based in El Segundo, California that aims to mass-produce ground stations — otherwise known as the antennae that communicate with space satellites. "While everybody else was making their sourdough starters [during the Covid-19 pandemic], we were building antennas out of random crap we could find at Home Depot ... and receiving data from [National Oceanic and Atmospheric Administration] satellites," Mendler told CNBC on Monday while announcing her startup. "I'm studying anthropology," Mendler told ABC's "Jimmy Kimmel Live" in 2015. While at Harvard, she served as co-president of the Harvard Space Law Society, according to her LinkedIn profile.

Persons: —, Charlie, Mendler, ABC's, Jimmy Kimmel, Griffin, Andreessen Horowitz, Peter Thiel's Organizations: Disney Channel, Northwood, National Oceanic, Administration, CNBC, University of Southern, USC, Massachusetts Institute of Technology, MIT Media Lab, Harvard Law School, Harvard, Harvard Space Law Society, Founders, Humba Ventures, Elon, SpaceX, Technologies, Northrop Grumman Locations: El Segundo , California, University of Southern California, Northwood

A railroad stock and a fast food giant were in focus Wednesday among early analyst calls. Barclays raised its rating on Norfolk Southern to a buy-equivalent rating, and his new price target calls for about 20% upside. The firm downgraded the retailer to reduce from hold and maintained a $323 per share price target. — Brian Evans 5:44 a.m.: Barclays upgrades Norfolk Southern Norfolk Southern could see a shake-up to its leadership, and Barclays thinks these changes could lead to strong gains for the stock. He also hiked his price price target to $305 from $255.

Persons: SolarEdge's, Morgan Stanley, Andrew Percoco, Goldman Sachs, Brian Lee, SEDG, Vikram Bagri said.Bagri, — Brian Evans, Piper Sandler, Piper Sandler's, Rob D, Owens, Brian Evans, Daniela Bretthauer, John Ivankoe, Brandon Oglenski, Ancora, It's, Alan Shaw, Oglenski, Fred Imbert Organizations: CNBC, Barclays, Norfolk, JPMorgan, Palo Alto Networks, billings, Palo Alto, HSBC downgrades Home, Depot, HSBC, Home Depot, JPMorgan downgrades, Norfolk Southern, NSC Locations: Wendy's, Norfolk Southern Norfolk Southern, Norfolk Southern, Norfolk

☆ Home Depot broke labor law by firing an employee with ‘BLM’ on apron, NLRB rules
▼ + stars: | 2024-02-21 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +5 min

New York CNN —The National Labor Relations Board on Wednesday ruled that Home Depot violated the law by firing an employee after he refused to remove “BLM” (which stand for “Black Lives Matter”) messaging from his work apron. The NLRB ruled that Morales’ refusal to remove the messaging was a “protected concerted activity” to protest the racial injustice that took place at the store from August 2020 to February 2021. The Board’s reasoning flips rulings from lower NLRB judges on BLM messaging on employee uniforms in Home Depot and Whole Foods. A change in messagingThe decision by the Labor Board overturned a ruling by an NLRB administrative law judge in 2022. A decision by an administrative law judge can be appealed to the Board, made up of five members.

Persons: George Floyd’s, Floyd –, Antonio Morales, Morales, ”, Paul Bogas, ” Bogas, Ariel Sotolongo, Risa Lieberwitz Organizations: New, New York CNN, National Labor Relations Board, BLM, NLRB, ” Workers, National Labor Relations, Foods, Depot, Labor, Cornell University School of Industrial and Labor Relations, Appeals, First Circuit Locations: New York, United States, New Brighton , Minnesota, Minneapolis

☆ Lower interest rates are 'good news for the home improvement space,' says Jim Cramer
▼ + stars: | 2024-02-21 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLower interest rates are 'good news for the home improvement space,' says Jim Cramer'Mad Money' host Jim Cramer takes a closer look at the state of home improvement with Home Depot numbers.

Persons: Jim Cramer

☆ Tesla faces hurdle in Germany as locals vote to oppose factory expansion
▼ + stars: | 2024-02-21 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +2 min

Electric vehicle maker Tesla failed to secure a vote among locals in favor of authorizing a major factory expansion for the company's battery and car assembly plant in Brandenburg, Germany. The vote is nonbinding, according to The New York Times, which reported that local officials would try to find another solution. While Tesla has remained a top-selling brand in Europe, it faces competition from more battery electric models than ever in and beyond the region. Sales of new battery electric passenger vehicles in Europe increased 29% year over year in Europe in January, according to the European Automobile Manufacturers Association. Germany and France currently represent the two biggest markets for fully electric vehicles in Europe.

Persons: Tesla Organizations: Tesla, DW, The New York Times, European Automobile Manufacturers Association . Germany, CNBC PRO Locations: Berlin, Brandenburg, Germany, Grünheide, Red, Europe, France

☆ Want steady, passive income? Buy these dividend stocks with higher yields, Wall Street says
▼ + stars: | 2024-02-21 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

Dividend stocks came under the spotlight after Meta unexpectedly announced a dividend for the first time. BofA has also been bullish on dividend stocks lately, saying investors may flock back to such stocks for income if yields fall this year, in turn driving up this segment of stocks. Wall Street and other pros share their tips on how to pick good dividend stocks and what names will generate sustainable income. In fact, using that strategy mitigates the risk of relying only on dividend income if higher rates affect dividend distributions, according to Stutland. "This combination provides a buffer against future interest rate hikes and offers the possibility of capital appreciation alongside dividend income."

Persons: Meta, BofA, Brian Stutland, Stutland, Goldman, Stocks, It's, — CNBC's Michael Bloom Organizations: CNBC Pro, Morningstar, Walmart, Target, Depot, Verizon, Treasury

☆ Here are Wednesday's biggest analyst calls: Amazon, Target, Dell, Microsoft, HP, SolarEdge, Norfolk Southern & more
▼ + stars: | 2024-02-21 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

"Downgrade to Reduce (from Hold) while retaining target price of USD323 on valuation and lack of near-term catalysts." JPMorgan reiterates Amazon as a top idea JPMorgan said it sees further share gains for shares of Amazon. Redburn Atlantic Equities reiterates Microsoft as buy Redburn said it sees Microsoft's Azure gaining market share in cloud. Wells Fargo reiterates Target as overweight Wells raised its price target on the stock to $165 per share from $155. "We are initiating coverage of ChargePoint Holdings, Inc. with a Buy rating and a $4.25 Price Target.

Persons: Piper Sandler, Piper, Redburn, Cantor Fitzgerald, Cantor, Wells, Morgan Stanley, Dell, it's, DELL, Jefferies, Stifel, Goldman Sachs, Goldman, SEDG Organizations: Street, HSBC downgrades, HSBC, Home, JPMorgan, Palo Alto Networks, billings, Barclays, Norfolk, Walgreens Boots Alliance, Walgreens, Microsoft, Sabre Corporation, Dell, EV, ChargePoint Holdings, Inc, UBS, HP

☆ Home Depot Is Ordered to Reinstate Worker Who Quit Over ‘BLM’ Logo
▼ + stars: | 2024-02-21 | by ( Jesus Jiménez | ) www.nytimes.com time to read: +1 min

Home Depot must reinstate a worker who quit after they refused to remove a slogan supporting the Black Lives Matter movement from their apron, the National Labor Relations Board announced on Wednesday after it found that the worker’s actions were protected by federal law. The ruling by the National Labor Relations Board held that Home Depot violated federal law in 2021 when it told the worker that they must quit or remove the letters “BLM,” an acronym for Black Lives Matter, that they had drawn by hand onto their apron. The case is one of several that centered on the issue of civil rights apparel in the workplace after the police killing of George Floyd in May 2020, an episode that galvanized many workers across the country to back the Black Lives Matter movement by showing support on their work uniforms or face masks. The National Labor Relations Board said in its ruling that Antonio Morales Jr., who worked at a Home Depot store in the Minneapolis area, was protected by the National Labor Relations Act, which guarantees the legal right of workers to take part in “concerted activities” for “mutual aid or protection.”

Persons: George Floyd, Antonio Morales Jr, ” Organizations: National Labor Relations, National Labor Relations Board, BLM, National Labor Relations Act Locations: Minneapolis

☆ Jim Cramer says be patient and stick with Home Depot
▼ + stars: | 2024-02-21 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer told investors to hold on to stock of home improvement retailer Home Depot , even though its most recent quarter lacked luster. "Sure, the quarter wasn't great, but the conference call commentary I found encouraging, which is why I'm willing to be patient and hold on to Home Depot," he said. Cramer called management's outlook "appropriately conservative," saying the company is optimistic, but not yet ready to declare a decisive turnaround. Now that inventory is under control, the company is poised for better future, Cramer said. "Besides, I'm betting that management deliberately gave a conservative forecast—they like to under promise and over deliver at Home Depot."

Persons: CNBC's Jim Cramer, Richard McPhail, Cramer, Ted Decker's, Decker, Depot's Organizations: Home, CNBC, Home Depot, Reserve

☆ Home Depot's average customer is a white baby boomer who spent $856 there last year
▼ + stars: | 2024-02-21 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +2 min

Two thirds of US consumers shop at Home Depot, and the brand has similar customer loyalty as Lowe's. The store's typical customer is a white baby boomer who earns over $80K a year and owns her home. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Numerator found that Home Depot's typical shopper is a white woman over 60 years old who owns her home in the suburbs. The typical customer now makes 10 trips to Home Depot and spends about $85 per trip for an annual spend of $856, whereas, in last year's report, they spent $1,052 across 12 trips the year before.

Persons: boomer, —, Lowe's Organizations: Service, Depot, Home Depot Locations: North America, Atlanta

☆ The odds of no interest-rate cuts in 2024 are growing
▼ + stars: | 2024-02-20 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today’s big story, we’re looking at the chances of there being no rate cuts this year, and how the markets would react. What's on deck:This story is available exclusively to Business Insider subscribers. The big storyCuts are canceledAaron Schwartz/Xinhua via Getty ImagesDon't count your chickens before they hatch and don't price in your rate cuts before they materialize. Last December, Fed Chair Jerome Powell signaled that three cuts were on the table for 2024, which he reiterated earlier this month. AdvertisementBonds could struggle, though, with further delays on rate cuts raising the risk that debt markets suffer another meltdown like they did last fall.

Persons: —, Mark Zuckerberg, Aaron Schwartz, ”, won’t, Jerome Powell, Phil Rosen, There's, BI’s Yuheng Zhan, NYCB’s, Ark's Cathie Wood, Paul Judge, Tessa Flippin, Claude Grunitzky, Gayle Jennings O'Byrne, Black VCs, Masayoshi Son, OpenAI’s, Jenny Chang, Rodriguez, Vladimir Putin, Donald Trump, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett Organizations: Service, UFC, Business, Xinhua, Getty, Federal, Paramount, Fed, Big Tech, JPMorgan Private Bank, Discover, Discover Financial, Nvidia, Opportunity, Equity Alliance, Wocstar Fund, Opportunity Fund, Equity Alliance Wocstar, Google, Walmart, Pandora, Home Locations: Japan, Ukraine, Moscow, Russia, Fox, New York, London, Chicago

☆ Home Depot beats earnings, sales estimates even as consumers take on smaller home improvement projects
▼ + stars: | 2024-02-20 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +1 min

Home Depot on Tuesday said quarterly sales declined nearly 3% year over year, but it surpassed Wall Street's earnings and revenue expectations despite the cooler demand. On a call with CNBC, Chief Financial Officer Richard McPhail said demand dipped throughout the year as consumers returned to more typical spending patterns. The home improvement retailer said it expects total sales to grow about 1% in fiscal 2024, which includes an additional week. That compares with a 1.6% increase expected by Wall Street, according to StreetAccount. Home Depot shares fell slightly during early trading Tuesday after the company shared its quarterly results and outlook.

Persons: Richard McPhail, McPhail Organizations: CNBC, Wall, Depot, LSEG, Home Depot

☆ Home Depot forecasts a weak 2024
▼ + stars: | 2024-02-20 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +1 min

New York CNN —Home Depot, a bellwether of the housing market and US economy, said sales dropped over the winter and it’s a expecting a slow 2024. Sales at stores open for at least one year fell 3.5% last quarter, and Home Depot projects that sales will continue to decline 1% in 2024. “2023 was a year of moderation,” Home Depot CEO Ted Decker said in a news release Tuesday. Demand for home improvement has fallen due to high mortgage rates and a slowdown in new home construction. “One of the main issues [for Home Depot] continues to be a very sluggish housing market,” Neil Saunders, an analyst at GlobalData Retail, said in a note to clients Tuesday.

Persons: Ted Decker, ” Neil Saunders Organizations: New, New York CNN, Depot, GlobalData Locations: New York

☆ Walmart beats Wall Street’s holiday expectations as e-commerce sales soar
▼ + stars: | 2024-02-20 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +6 min

In this article WMT Follow your favorite stocks CREATE FREE ACCOUNTwatch nowWalmart said Tuesday that quarterly revenue rose 6%, as shoppers turned to the big-box retailer throughout the holiday season and the company's global e-commerce sales grew by double digits. Yet, he said even after the holiday rush, Walmart saw continued sales strength. Walmart said it expects consolidated net sales to rise 4% to 5% in its fiscal first quarter. Comparable sales, an industry metric also known as same-store sales, rose 4% for Walmart U.S. At Sam's Club, comparable sales increased 1.9%, including fuel. Global e-commerce sales jumped 23% year over year, topping $100 billion in total.

Persons: John David Rainey, Rainey, Walmart's, Doug McMillon, McMillon Organizations: Walmart, CNBC, Electronics, LSEG, Walmart U.S, Sam's Club, Global, Home Locations: U.S

☆ $100,000 of goods were stolen from Home Depots across Florida in an organized self-checkout barcode switching scheme, the state's attorney general says
▼ + stars: | 2024-02-20 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThree people are facing grand theft charges after more than $100,000 of goods were stolen from Home Depot stores in Florida by swapping out the barcodes for lower-cost items at self-checkouts, the state's attorney general said. On Home Depot's website, the roof sealer currently retails at $119 for a 0.9-gallon bucket or $349 for a 4.75-gallon bucket. Moody's Office of Statewide Prosecution charged Popat with one count of grand theft over $100,000, and Abad and Baglin with one count of grand theft over $20,000. Now, this group faces our Statewide Prosecutors and time in prison, where I can promise there is no self-checkout line."

Persons: —, Ashley Moody's, Vicky Popat, Christopher Abad, Christopher Eduardo Baglin, Henry 887 Tropi, Abad, Moody Organizations: Service, Home Depot, Statewide, Business, Statewide Prosecution, Depot, Statewide Prosecutors, Midwest Locations: Florida, Home, South, Central Florida

☆ CNBC Daily Open: U.S. consumers upbeat on the economy
▼ + stars: | 2024-02-20 | by ( Sumathi Bala | ) www.cnbc.com time to read: +1 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Alibaba's overseas betChinese e-commerce giant Alibaba Group is placing its bets on overseas businesses as domestic growth remains weak. [PRO] Only two ETFs shineThere were only two exchange-traded funds in the world that made money every year for the past decade. Both invested in defensive stocks and stood out among 8,300 equity ETFs worldwide, screened by CNBC Pro using FactSet data.

Organizations: Macy's Herald, CNBC, Nasdaq, Dow Jones, Home Depot, Walmart, Discover Financial Services, Alibaba, Bank, CNBC Pro Locations: Macy's, New York City, U.S

☆ Stocks making the biggest moves midday: Nvidia, Walmart, Discover Financial and more
▼ + stars: | 2024-02-20 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Semiconductor stocks — Popular semiconductor stocks declined during midday trading, with Nvidia dropping more than 6% ahead of its Wednesday print. Walmart — Shares climbed more than 3% and notched a new all-time high on Tuesday following the retailer's earnings report . Discover Financial — Shares of the credit card issuer soared 14% after it agreed to be acquired by Capital One Financial in a $35.3 billion all-stock deal. The Wall Street firm said investors should take some profits after the stock rallied more than 25% over the past year. Medtronic — Shares advanced 2.5% after the medical device company surpassed Wall Street estimates for both top and bottom lines in its fiscal third quarter.

Persons: Rosenblatt, Vizio, Bernstein, Medtronic, Piper Sandler, Yun Li, Alex Harring, Jesse Pound, Tanaya, Hakyung Kim, Brian Evans Organizations: Semiconductor, Nvidia, Computer, Micro Devices, Marvell Technology, Walmart, Discover, Capital, Caterpillar —, Depot, Barclays — U.S, Barclays, Alaska Air, Southwest Airlines, Deutsche Bank, Wall, FactSet, Foods, Arm Holdings Locations: U.S, British

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