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☆ Mizuho's top June contrarian picks, where research firm is more bullish than the rest of Wall Street
▼ + stars: | 2024-06-04 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Of those seven stocks, Mizuho said its investment rating on Lowe's and PayPal were also above the Street consensus. Mizuho analyst David Bellinger's $280 price target implies that the stock could rally 29% from its Monday closing price. "We view Lowe's as decisively well-positioned as home improvement demand recovers and unleashes outsized, double-digit earnings expansion in the process," the analyst wrote. Similarly, financial technology platform PayPal has risen only about 4% this year, leaving its valuation "compelling" at current prices, according to Mizuho analyst Dan Dolev. Dolev's $90 price target is 42% above the stock's current price.

Persons: Mizuho, David Bellinger's, Lowe's, Bellinger, Dan Dolev, Dolev, Dolev's, Siti Panigrahi's, Panigrahi, — CNBC's Michael Bloom Organizations: Mizuho Securities, Stocks, Dow Jones, Nasdaq, Wall Street, PayPal, Home, Oracle, Nvidia, Oracle Cloud Infrastructure Locations: Mizuho

☆ Katy Perry ‘fixed’ Harrison Butker’s controversial commencement speech
▼ + stars: | 2024-06-03 | by ( Lisa Respers France | ) edition.cnn.com time to read: +1 min

CNN —Katy Perry has reimagined a recent commencement speech by Kansas City Chiefs kicker Harrison Butker that was criticized as homophobic and sexist. The pop star and former “American Idol” judge posted on her social media an edit of Butker’s May 11 address at Benedictine College, a small Catholic college in Kansas. Perry’s version took the NFL player’s actual words and reimagined them to make them more positive and empowering. “Fixed this for my girls, my graduates, and my gays — you can do anything, congratulations and happy pride,” the caption on Perry’s post reads. He later defended his commencement speech at a gala hosted by Regina Caeli Academy – a hybrid campus/homeschool Catholic school group with several locations across the country.

Persons: Katy Perry, Harrison Butker, Idol ”, Butker Organizations: CNN, Kansas City Chiefs, Idol, Benedictine College, NFL, Regina Caeli Academy, Catholic Locations: Kansas

Citi double upgraded Best Buy to buy from sell, and its new price target indicates upside of 18%. MRVL YTD mountain MRVL year to date — Lisa Kailai Han 6:16 a.m.: Bank of America sticks to Nvidia as a top pick with 36% upside Nvidia remains a top pick for Bank of America. He also maintained his price target of $1,500 and named Nvidia a top pick following CEO Jensen Huang's keynote speech at the Computex expo this past weekend. Arya's price target implies that Nvidia stock could rise 36.8% from here, adding to its whopping 121% year-to-date rally. — Lisa Kailai Han 5:46 a.m.: Citi double upgrades Best Buy to buy rating from sell There's a rosy outlook for Best Buy ahead, according to Citi.

Persons: Kimberly, Clark, Goldman Sachs, Toshiya Hari, Hari, Marvell's, Lisa Kailai Han, Vivek Arya, Jensen, Arya, — Lisa Kailai Han, Piper Sandler, Masimo, Jason Bednar, Bednar, MASI, Steven Zaccone, Nik Modi, Modi, Fred Imbert Organizations: CNBC, Citi, RBC, Bank of America, Nvidia, Marvell Technology Marvell Technology, Enterprise Networking, Marvell, Sound, Kimberly, Clark Investors, RBC Capital Markets Locations: Friday's, Kimberly, KMB

☆ Hearst has big plans for its puzzles and games as it chases The New York Times' Wordle success
▼ + stars: | 2024-06-03 | by ( Lucia Moses | ) www.businessinsider.com time to read: +4 min

Read previewHearst is doubling down on puzzles as it tries to replicate The New York Times' success with Wordle and other games. Six months ago, Hearst acquired the games platform Puzzmo, a collection of daily puzzles started by game designer Zach Gage and engineer Orta Therox. Pile-Up Poker will be Puzzmo's eighth game, and Andrew Daines, Hearst Newspapers' VP of games and general manager of Puzzmo, said Hearst is just getting started. HearstPuzzmo is taking direct aim at the Times, saying in a manifesto that "newspaper game players deserve better." Right now, all Puzzmo subscribers get the same games, but up next, Hearst plans to start creating bespoke games for partner publishers.

Persons: —, Hearst, , Zach Gage, Orta Therox, Vox, Andrew Daines, Puzzmo, Hearst Puzzmo, Lisa Hanawalt, Daines, Elle Organizations: Service, New York Times, San Francisco Chronicle, Houston Chronicle, Business, Hearst Newspapers, Times, Poker, Hearst Locations: There's, Texas

☆ Buy these growth stocks that are reasonably priced and have earnings momentum as June begins, Jefferies says
▼ + stars: | 2024-06-03 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

Looking ahead, the best path forward for equity investors is to buy GARP stocks, or those that provide growth at a reasonable price. "With peaking rates favoring growth stocks while strong economic data is backing value, we advise traversing the middle path." In a Friday research note, he shared a list of U.S. stocks that fall into the GARP strategy and possess strong earnings momentum. "Long-term investors should look beyond the deep-value cyclicals and extremely expensive growth stocks in favor of sustainable outperformance through stocks with both valuation and earnings support," he wrote. Clothing retailer Abercrombie & Fitch currently has a price/earnings-to-growth ratio of 1.2.

Persons: Jefferies, GARP, Stocks, Morgan Stanley, Evercore, Benjamin Swinburne, Louis Miscioscia, Abercrombie, Fran Horowitz Organizations: Dow Jones, Nasdaq, Jefferies, Netflix, Evercore ISI, Nvidia, Abercrombie, Fitch, Texas Locations: U.S, Progressive

☆ Nvidia, AMD unveil next generation AI technology ahead of Computex in Taiwan
▼ + stars: | 2024-06-03 | by ( Wayne Chang | Laura He | ) edition.cnn.com time to read: +3 min

Taipei/Hong Kong CNN —Nvidia and AMD have separately launched the next generation of their artificial intelligence (AI) chips in Taiwan, as a three-way race with Intel heats up. Jensen Huang, CEO of Nvidia (NVDA), said Sunday that the company would roll out its most advanced AI chip platform, called Rubin, in 2026. The Rubin platform will succeed the Blackwell, which supplies chips for data centers and was announced only in March. But competition is growing, with major competitors AMD (AMD) and Intel (INTC) introducing new products in an effort to challenge Nvidia’s dominance. The new chip will succeed the MI300 and feature more memory, faster memory bandwidth and better computer performance, Su added.

Persons: Jensen Huang, Rubin, Blackwell, Vera, Huang, ”, Richard Windsor, Lisa Su, ” Su, MI300X, Su, MI400, Patrick Gelsinger Organizations: Hong Kong CNN, Nvidia, AMD, Intel, National Taiwan University, Radio Free Mobile Locations: Taipei, Hong Kong, Taiwan, “, we’re, Computex

☆ AMD announces new AI chips amid intensifying competition with Nvidia, Intel
▼ + stars: | 2024-06-03 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

Advanced Micro Devices Inc. unveiled new so-called accelerator chips that it said will be able to run artificial intelligence software faster than rival products. Photographer: David Paul Morris/Bloomberg via Getty ImagesAMD on Monday announced new artificial intelligence chips as it seeks to establish itself as a leader amid competition with the likes of Nvidia and Intel . During a keynote address, Su unveiled the Ryzen AI 300 series for next-generation AI laptops. And in partnership with Microsoft , these chips will power laptops equipped with the tech giant's AI chatbot Copilot. This comes less than two months after AMD's April announcement of new processors that can run AI workloads – the Ryzen Pro 8040 for laptops and the Ryzen Pro 8000 for desktops.

Persons: Lisa Su, David Paul Morris, Su, chatbot, workloads Organizations: Devices Inc, AMD, Bloomberg, Getty, Monday, Nvidia, Intel, Qualcomm, Microsoft Locations: San Jose , California, Taipei

☆ Nvidia dominates the AI chip market, but there's more competition than ever
▼ + stars: | 2024-06-02 | by ( Kif Leswing | ) www.cnbc.com time to read: +4 min

Mizuho Securities estimates that Nvidia controls between 70% and 95% of the market for AI chips used for training and deploying models like OpenAI's GPT. Nvidia's position in the AI chip market has been described as a moat by some experts. Founded in 2019, D-Matrix plans to release a semiconductor card for servers later this year that aims to reduce the cost and latency of running AI models. "Nobody can deny that today Nvidia is the hardware you want to train and run AI models," Fernando Vidal, co-founder of 3Fourteen Research, told CNBC. "The key is that there are a lot of options there," Su told reporters in December, when her company launched its most recent AI chip.

Persons: Jensen Huang, Huang, Sid Sheth, It's, that's, Fernando Vidal, Lisa Su, Su Organizations: Nvidia Corp, Nvidia, Technology Conference, Microsoft, Apple, Mizuho Securities, Intel, AMD, Bank of America, 3Fourteen, CNBC Locations: San Jose , California

☆ Congestion Pricing Ignites an Old Rift: Drivers vs. Transit Riders
▼ + stars: | 2024-06-02 | by ( Bernard Mokam | ) www.nytimes.com time to read: +1 min

In 2010, Filolaos Kefalas, an electrical engineer, drove a black Corvette into Manhattan for his first date with Lisa Daglian, a transit advocate. “You know you can take the train,” Ms. Daglian, 61, recalled saying. But Mr. Kefalas has his reasons for driving, he said. “Time is money,” Mr. Kefalas, also 61, said. “I try to go the quickest way possible.”The rift between Ms. Daglian, who now leads the Permanent Citizens Advisory Committee to the Metropolitan Transportation Authority, and Mr. Kefalas did not derail their romance — they are married.

Persons: Filolaos, Lisa Daglian, “, Ms, Daglian, Kefalas, ” Mr Organizations: Committee, Metropolitan Transportation Authority Locations: Manhattan, Bayside , Queens, United States

☆ Sean ‘Diddy’ Combs: What we know and where it goes from here
▼ + stars: | 2024-06-01 | by ( Lisa Respers France | Josh Campbell | ) edition.cnn.com time to read: +9 min

CNN —Months after singer Cassie Ventura filed suit against her ex-boyfriend Sean “Diddy” Combs, his life looks very different. But the video could become evidence in an ongoing federal investigation related to Combs and allegations of sex trafficking. Members of law enforcement are seen outside of Sean "Diddy" Combs' home in Los Angeles on March 25, 2024. Sean "Diddy" Combs with Cassie Ventura attend the premiere of 'The Perfect Match' at the Arclight Theatre in Los Angeles in 2016. An aerial image of Sean "Diddy" Combs' home in Los Angeles on March 25, 2024.

Persons: Cassie Ventura, Sean “ Diddy ” Combs, Ventura, Combs, “, Here’s, HSI, Sean, Diddy, ” Aaron Dyer, Justin, Misa Hylton, Christian, ”, Hylton, Kim Porter, Sean Combs, Jessie, Rodney “, Rod ” Jones, Jones, ” Jones, Chris Delmas, ” Ben Brafman, Shawn Holley, they’ve, Department’s, Kelly, –, Elie Honig, CNN’s Sandra Gonzalez, John Miller, Elizabeth Wolfe, Eric Levenson, Denise Royal, Holmes Lybrand, Carlos Suarez Organizations: CNN, Bad Boy Records, Los Angeles County, Attorney’s, US Justice Department, Authorities, Federal, Homeland Security Investigations, US Department of Homeland Security, KCBS, Arclight Theatre, Getty Locations: New York, Miami, Los Angeles, “, AFP

☆ Cracker Barrel is in a battle for relevancy. One of its solutions is surprising
▼ + stars: | 2024-06-01 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +6 min

New Cracker Barrels might be smaller restaurants altogether, with menus that include new items like green chili cornbread and banana pudding. Discounted dinner from 4 to 6 p.m.Why would Cracker Barrel, so desperate for relevancy, lean into a tactic typically used to attract senior citizens? A woman eats lunch at Cracker Barrel. Masino didn’t explicitly mention the specials during the discussion about the long-term strategy for Cracker Barrel. To compete in this environment, Cracker Barrel realizes it has to offer some type of deal.

Persons: Julie Felss Masino, ” Masino, ”, Jeff Greenberg, Baby, Masino, Lisa W, Miller, RJ Hottovy, It’s, “, John A, Gordon Organizations: New, New York CNN, Universal, Getty, Baby Boomers, Miller & Associates, Street Journal, Pacific Management Consulting Group Locations: New York, The Tennessee, Placer.ai

☆ She’d only known her future husband for five days when he proposed. Here’s what happened when she said yes
▼ + stars: | 2024-05-31 | by ( Francesca Street | ) edition.cnn.com time to read: +15 min

But Meryl and Tim had talked all evening, into the early hours, gradually shuffling closer and closer to one another. And while it had only been five days, Meryl felt certain Tim was “the right person.”“I’d dated other people, and I just never clicked with them,” she says today. Meryl RivettWhen Meryl and Tim crossed paths in September 1981, Meryl was 29. Tim felt the same way. Meryl felt that assuredness too.

Persons: Meryl Gage, Meryl, Tim Rivett, Tim, We’re, we’re, they’d, ”, “, Meryl wriggled, ’ ”, “ I’d, South America Tim, Tim's, Meryl Rivett, She’d, Karen, ’ ” Meryl, Here's Tim Rivett, Meryl Rivett Tim, who’d, ’, “ Meryl, England, Meryl Rivett That’s, hadn’t, gobsmacked, Mike, Jack, –, “ I’m, ” Meryl, Meryl’s, Lisa, Meryl she’d, Tim didn’t, Paul, he’d, Meryl –, Meryl Rivett –, Tim weren’t, ‘, – Tim, Aussie, they’ve, Tim –, ” Tim, who’ve, They’ve, Tim aren’t Organizations: CNN, CNN Travel, South America, Florida State, Miami Beach Locations: South America, South, Florida, backpacked, Europe, London, Kathmandu, Australia, New Zealand, Southeast Asia, Queensland, America, Rio de Janeiro, England, Asia, Nepal, India, Miami, Brazil, Argentina, Iguazu, Patagonia, Colombia, Buenos Aires, Tierra del, Chile, ”, Central America

☆ Stocks making the biggest moves premarket: Dell Technologies, Ulta Beauty, Ambarella, Gap and more
▼ + stars: | 2024-05-31 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Dell Technologies — Stock in the personal computer and technology company slid more than 16% after executives warned about further margin pressure ahead. Nordstrom stuck by its full-year earnings forecast and reported strong growth in its Nordstrom Rack segment, which outperformed the headline brand stores. Gap — Shares climbed more than 25% after the apparel company lifted its full-year operating income forecast on the heels of a first-quarter earnings beat. Ulta on Thursday posted fiscal first-quarter earnings that reflected a 1.6% year-over-year increase in same-store sales, a significant slowdown from the same period a year earlier. MongoDB said it expected to earn 46 cents to 49 cents per share on $460 million to $464 million of revenue.

Persons: Jason Bazinet, Zscaler, Nordstrom, Ambarella, MongoDB, LSEG, Michelle, Sun, Choe, Wall, Lisa Kailai Han, Pia Singh, Jesse Pound Organizations: Dell Technologies, Lionsgate, Citi, Marvell Technologies, LSEG, Vans

☆ Jennifer Lopez cancels tour as she’s ‘taking time off to be with her children, family and close friends’
▼ + stars: | 2024-05-31 | by ( Lisa Respers France | ) edition.cnn.com time to read: +1 min

CNN —Turns out Jennifer Lopez will not be getting loud after all. On The JLo newsletter subscribers received an email from Lopez on Friday, stating “Representatives for Live Nation announced today that the Jennifer Lopez US Summer 2024 Tour ‘THIS IS ME…LIVE’ is canceled.”“Jennifer is taking time off to be with her children, family and close friends,” the announcement stated. Lopez then offered a personal message to her fans. Please know that I wouldn’t do this if I didn’t feel that it was absolutely necessary,” Lopez wrote. The news comes amid recent reports Lopez and her husband Ben Affleck have been living apart.

Persons: CNN —, Jennifer Lopez, Lopez, ”, Jennifer, “, ” Lopez, … ”, Ben Affleck Organizations: CNN, Live Nation, … ” CNN, Live, Ticketmaster Locations: Orlando

☆ Eminem releases ‘Houdini’ single with a star-filled music video
▼ + stars: | 2024-05-31 | by ( Lisa Respers France | ) edition.cnn.com time to read: +1 min

CNN —Slim Shady is back, back again. Eminem also released a music video for the song in which he gets a little help from some of his celebrity friends. Eminem battles it out with his younger-self in the video, which will remind fans of his 2002 “Without Me” video. Recently a faux obituary appeared for his Slim Shady alter ego in his hometown newspaper, the Detroit Free Press. It referred to Slim Shady a “a rogue splinter in the flourishing underground rap scene.”“The Death of Slim Shady (Coup de Grâce)” follows Eminem’s 2020 album, “Music to Be Murdered By.” The full collection of new music is set for release this summer.

Persons: Slim Shady, Grace, “ Houdini, Steve Miller, ”, Megan Thee, Tory, Lanez, Eminem, Paul Rosenberg, Dre, “ We’ve, Snoop Dogg, Pete Davidson, Slim Organizations: CNN, Detroit Free Press

☆ Trump’s Conviction Jolts the Race. But Will It Influence the Outcome?
▼ + stars: | 2024-05-31 | by ( Lisa Lerer | Shane Goldmacher | ) www.nytimes.com time to read: +1 min

Donald J. Trump’s conviction on nearly three dozen felony counts plunges the country into unmapped political terrain, a rare moment that could reshuffle a 2024 race that for months has been locked in stasis and defined by a polarizing former president. The extraordinary conviction of a former president unleashes a series of unprecedented constitutional, electoral and logistical questions. Less clear is whether even Thursday’s striking verdict will shake the calcified public opinion of Mr. Trump, who for nearly a decade has defied predictions of his political demise. Now he must move through the rituals of an American presidential campaign as a criminal. The country will watch as Mr. Trump argues with President Biden over his criminal record next month at their first debate, in addition to sparring over the economy, foreign policy, immigration and abortion rights.

Persons: Donald J, Trump, Biden

☆ Stocks making the biggest moves midday: Gap, MongoDB, Dell Technologies and more
▼ + stars: | 2024-05-31 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

Check out the companies making headlines in midday trading: Dell Technologies — The software stock plunged 22% after executives cautioned that its gross margins could face more pressure in 2025. Zscaler — Shares added 5.2% after the cloud security company posted a fiscal third-quarter earnings and revenue beat. Gap — The clothing retailer soared 26% after posting fiscal first-quarter earnings per share of 41 cents, higher than the 14 cents analysts surveyed by LSEG had expected. The company beat earnings and revenue expectations for the April quarter, but still saw slower-than-expected consumption growth. SentinelOne expects its revenue to fall between $808 million to $815 million in 2024, which was lower than the $817 million forecast by LSEG.

Persons: Zscaler, LSEG, Nordstrom —, Nordstrom, chipmaker, Marvell, MongoDB, Sun Choe, Choe, Cooper, Paycom, Randy Peck, Christopher Thomas, Maheep, CNBC's Hakyung Kim, Yun Li, Jesse Pound, Pia Singh Organizations: Dell Technologies, Lionsgate, Citi, Starz, Nordstrom, Marvell Technologies, Vans, Cooper Companies, Mizuho Locations: Seattle

☆ These stocks are the most hated on the Street, but their fundamentals are improving
▼ + stars: | 2024-05-31 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Some stocks on Wall Street are absolutely hated by analysts and investors, but their fundamentals are improving, leaving a potential buying opportunity for contrarian investors, according to UBS. Most analysts currently covering the stock have assigned it a hold rating, with predicted upside of about 16% to consensus price targets. "The iconic automaker continues to enjoy strong profits from its core markets and a policy driven investment cycle in the U.S," the analyst wrote. Most analysts have assigned Airbnb stock a hold rating. The analyst consensus has shares at a hold rating, with predictions suggesting the stock could rise an average of 26% from its Thursday close.

Persons: Jonathan Golub, Bernstein, Daniel Roeska's, Wedbush, Scott Devitt, Ben Chaiken, Jan, Chaiken, Clorox, Estee Lauder, — CNBC's Michael Bloom Organizations: UBS, Stocks, Wall, Ford Motor, Ford, Cruise, Mizuho, Pfizer, Gartner, Northern Trust

☆ Nvidia's Jensen Huang receives a rockstar reception in Taiwan amid a record high stock market
▼ + stars: | 2024-05-31 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

Read previewNvidia cofounder and CEO Jensen Huang is in Taiwan this week, where he's getting rockstar reception and boosting the stock market. The drills started on Thursday, but Taiwan's stock market was little changed over the period. "In this case, the AI equity theme, physical investment in AI, and the wider upturn in electronic component demand are driving robust Taiwanese growth and the strong stock market performance," wrote Green. He added that an outright invasion of Taiwan by China is "very unlikely" due to high military and economic risk. "If the macro backdrop is positive and China remains far from achieving 'fortress-like' economic conditions, future sell-offs may offer attractive buying opportunities," Green wrote.

Persons: —, Jensen Huang, Huang, Li Xi, Morris Chang, Lisa Su —, Pat Gelsinger, Cristiano Amon, Rene Haas, Rory Green, It's, Green Organizations: Service, China's People's Liberation Army, Business, Local, rockstar, Asus, AMD, Qualcomm, Semiconductor, PLA, Investors, Philadelphia Stock Exchange, Nvidia Locations: Taiwan, China, Beijing, TSMC, Taipei, Taiwan's, GlobalData.TS, Ukraine, Russia

Citi, meanwhile, initiated Lionsgate Studios with a buy rating. JPMorgan did lower its price target on Viasat to $23 per share from $30. The analyst reiterated his buy rating, noting that AI adoption is still in the early stages. The bank initiated coverage of the TV and movie studio with a buy rating. Its price target of $14 implies upside of more than 73% from Thursday's close.

Persons: Felix Liu, — Lisa Kailai Han, Sebastiano Petti, Petti, — Jesse Pound, Oppenheimer, Tyler Batory, Batory, — Hakyung Kim, Wynn, Vitaly Umansky, WYNN, Umansky, Wolfe, Eddie, Bill Carrache, Dell Dell, Wamsi Mohan, Dell, Mohan, Goldman Sachs, Michael Ng, Ng, Morgan Stanley, we're, Erik Woodring, Woodring, Jason Bazinet, LION, COVID, Fred Imbert Organizations: CNBC, Dell Technologies, Lionsgate Studios, Citi, UBS, JPMorgan, Viasat, Homes, Wynn Resorts, Seaport Research Partners, Wolfe Research, Third Bank Regional, Dell, Bank of America, DELL, Lionsgate Entertainment, Starz Locations: Bilibili, China, Viasat, Macau, Las Vegas, Vegas, Wall, Thursday's

☆ Transplant patient stable and on dialysis after pig organ removed due to ‘unique challenges’ with heart, kidney health
▼ + stars: | 2024-05-31 | by ( Amanda Sealy | ) edition.cnn.com time to read: +4 min

CNN —A genetically engineered pig kidney has been removed from a transplant patient after it started losing function, according to a statement on Friday from NYU Langone Health. Lisa Pisano looks at photos of her dog after her surgeries at NYU Langone Health in New York on Monday, April 22, 2024. Shelby Lum/AP/FILEThe kidney had to be removed due “unique challenges in managing both her cardiovascular health and kidney function” 47 days after the transplant, NYU Langone Health said. Pisano family/NYU Langone Health“Lisa is a pioneer and a hero in the effort to create a sustainable option for people waiting for an organ transplant. While the kidney ultimately had to be removed from Pisano, Montgomery said the kidney would be studied for further insights and stressed the importance of her contribution to the larger goal.

Persons: Lisa Pisano, Pisano, NYU Langone, Shelby Lum, ”, Robert Montgomery, Todd, Lisa, Dr, Sanjay Gupta, It’s, Montgomery, and, “ Lisa, ” Montgomery, CNN’s Katherine Dillinger Organizations: CNN, NYU Langone Health, NYU, NYU Langone Transplant Institute, Procurement, Transplantation Network, CNN Health, US Food and Drug Administration Locations: Lisa Pisano of New Jersey, New York, Montgomery, Pisano

☆ Stocks making the biggest moves premarket: Salesforce, Kohl's, Foot Locker and American Eagle Outfitters
▼ + stars: | 2024-05-30 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

Foot Locker — Shares rallied more than 12% in the premarket after the apparel and sneaker retailer reported first-quarter earnings that beat expectations . The company posted an adjusted profit of 22 cents per share, while analysts polled by LSEG expected earnings of 12 cents per share. The company's $3.18 billion revenue also came below the expected $3.34 billion. American Eagle Outfitters — Shares slipped 7% after the company posted weaker-than-expected sales in its fiscal first-quarter, despite beating on earnings. Analysts surveyed by StreetAccount were expecting a loss of 30 cents per share on $84.4 million of revenue.

Persons: Salesforce, Dan Dolev, Birkenstock, LSEG, Mary Dillon, Mike Mathias, StreetAccount, UiPath, Rob Enslin, — CNBC's Michelle Fox, Fred Imbert, Yun Li, Sarah Min, Jesse Pound, Pia Singh Organizations: PayPal, Mizuho, ISI, CNBC, LSEG, Revenue, American Eagle Outfitters, Finance, HP Locations: €

☆ Stocks making the biggest moves midday: Salesforce, Kohl's, HP, Best Buy and more
▼ + stars: | 2024-05-30 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Its fiscal first-quarter revenue was $9.13 billion, versus the $9.17 billion expected from analysts polled by LSEG. Foot Locker's earnings per share came in at 22 cents, versus the LSEG consensus estimate of 12 cents per share. Agilent Technologies — The stock fell nearly 8% after the company reported a slight revenue miss but an earnings beat. However, Hormel's adjusted earnings per share of 38 cents topped the 36 cents expected from analysts. American Eagle Outfitters — The retail stock slipped 3.6% after the clothing company reported weaker-than-expected sales in its fiscal first quarter on Wednesday.

Persons: Salesforce, LSEG, FactSet, Rob Enslin, Corie Barry, Agilent, Nutanix, Mike Mathias, —, Lisa Kailai Han, Hakyung Kim Organizations: LSEG, Revenue, HP —, HP, StreetAccount . Revenue, Burlington, American Eagle Outfitters, CNBC Locations: LSEG

☆ How Republicans in Key Senate Races Are Flip-Flopping on Abortion
▼ + stars: | 2024-05-30 | by ( Jess Bidgood | Lisa Lerer | ) www.nytimes.com time to read: +1 min

Republican candidates in all eight of the country’s most competitive Senate races have changed their approach on the issue of abortion, softening their rhetoric, shifting their positions and, in at least one case, embracing policies championed by Democrats. From Michigan to Maryland, Republicans are trying to repackage their views to defang an issue that has hurt their party at the ballot box since the Supreme Court overturned federal abortion rights. While the pivot is endemic across races in swing states, the most striking shifts have come from candidates who unsuccessfully ran for the Senate just two years ago in their home states, with abortion views that sounded very different. When Bernie Moreno, a Republican businessman, ran for a Senate seat in Ohio in 2022, he described his views as “absolute pro-life, no exceptions.”“Life begins at conception” and “abortion is the murder of an innocent baby,” he said on social media.

Persons: Bernie Moreno, ” Organizations: Republican Locations: Michigan, Maryland, Ohio

☆ Actor Nick Pasqual accused of stabbing Hollywood makeup artist
▼ + stars: | 2024-05-30 | by ( Lisa Respers France | ) edition.cnn.com time to read: +2 min

CNN —An actor who has appeared in film and TV projects like “Rebel Moon” and “How I Met Your Mother” has been arrested and charged with stabbing his estranged girlfriend multiple times. He is accused of stabbing his estranged girlfriend on May 23 at her home in the Sunland neighborhood of Los Angeles. “My thoughts and heartfelt sympathies are with the victim in this horrific incident,” District Attorney George Gascón said in a statement. We will ensure that the individual responsible for this egregious act is held accountable for their actions.”According to a news release from Gascón’s office, Pasqual broke into the home of his estranged girlfriend, who had recently filed a restraining order against Pasqual. While the district attorney’s office did not identify the victim, she is a 35-year-old Hollywood makeup artist, according to CNN affiliate KABC.

Persons: ”, Nick Pasqual, cohabitant, George Gascón, Pasqual, ” Pasqual Organizations: CNN, Angeles County, Attorney’s Office, Pasqual, Services, KABC Locations: Sunland, Los Angeles, Hollywood, Sierra Blanca , Texas, Los Angeles County

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