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☆ Spirit Airlines shares extend rebound after it appeals ruling blocking JetBlue merger
▼ + stars: | 2024-01-22 | by ( Ryan Anastasio | ) www.cnbc.com time to read: +1 min

Spirit and JetBlue planes at Fort Lauderdale-Hollywood International Airport (FLL) in Fort Lauderdale, Florida, US, on Wednesday, Nov. 1, 2023. "Our merger agreement with Spirit remains in effect and we still have obligations under the agreement. This is a standard procedure, required under the merger agreement," JetBlue General Counsel Brandon Nelson said in a note to staff Friday. The stock had dropped more than 60% after the ruling but has rebounded slightly following the appeal and after Spirit raised raised its financial forecast for the fourth quarter of 2023. JetBlue shares rose about 1% on Monday and have climbed more than 3% since its merger with Sprit was blocked.

Persons: Brandon Nelson, William Young, Young, Spirit, Sprit Organizations: JetBlue, Hollywood International, Spirit Airlines, Spirit, U.S, CNBC PRO Locations: Fort Lauderdale, Fort Lauderdale , Florida

☆ What Microsoft’s hack means for its $20 billion cybersecurity franchise and its rivals
▼ + stars: | 2024-01-22 | by ( Morgan Chittum | ) www.cnbc.com time to read: +5 min

Microsoft 's hacking disclosure could be a challenge for its $20 billion-a-year cybersecurity franchise but bullish news for fellow portfolio name and rival Palo Alto Networks. Microsoft stock was trading modestly lower Monday but has climbed more than 5% since the start of 2024 following last year's 56% gains. Microsoft's cybersecurity incident doesn't leave us any less bullish on the mega-cap name. While its cybersecurity business pulls in about $20 billion in annual sales, Microsoft's revenue jumped 7% in 2023 to nearly $212 billion. The Securities and Exchange Commission's (SEC) new disclosure rules around cybersecurity attacks could be another catalyst for Palo Alto, Jim added.

Persons: hasn't, Nobelium, Jim Cramer, Jim, Palo, Exchange Commission's, Nikesh Arora, Estee Lauder, Clorox, Okta, Jim Cramer's, Satya Nadella, Justin Sullivan Organizations: Microsoft, Palo Alto Networks, Wall, SolarWinds, Apple, JPMorgan, Securities, Exchange, SEC, Palo Alto, Corporations, Palo, CNBC, MGM Resorts, Caesars Entertainment Locations: Russian, Palo, Palo Alto, Davos, Switzerland, San Francisco

☆ A rare downgrade of a portfolio stock that's consistently beaten the market is way off base
▼ + stars: | 2024-01-22 | by ( Jeff Marks | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. The S & P 500 started the new week building on Friday's record high. 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, Jim, Tesla, Eli Lilly, Lilly, Linde, Stifel, Jim Cramer's Organizations: CNBC, Nasdaq, Apple, Microsoft, Nvidia, Jim Cramer's Charitable

ATLANTA (AP) — A bill to define antisemitism in Georgia law stalled in 2023 over how it should be worded. Political Cartoons View All 253 ImagesThe committee also advanced Senate Bill 359 on a split vote. The law would also make any two crimes subject to Georgia's hate crimes law eligible for prosecution under the state's expansive anti-racketeering statute. Arkansas passed such a law last year, and like in Georgia, a South Carolina measure passed one chamber in 2023. Others don’t oppose a law, but object to the measure defining antisemitism by referring to a definition adopted by the International Holocaust Remembrance Alliance.

Persons: ”, Esther Panitch, Marissa Pyle, Brian Kemp, Bill, Israel, Asim Javed, Javed, Elizabeth Baher, Macon's Temple Beth Israel, “, ” Baher, David Lubin, He's, Rose Lubin, Lubin, Hitler Organizations: ATLANTA, Israel, Hamas, Democratic, Rep, Georgians, Gov, Republican, International Holocaust, Alliance, Georgia Muslim Voter, Atlanta's Dunwoody High School Locations: Georgia, Sandy Springs, Israel, Arkansas, South Carolina, Indiana , Florida , Massachusetts , New Jersey, South Dakota, Macon's Temple, Atlanta, Jerusalem

LOS ANGELES (AP) — A woman charged with killing a high-profile marketing consultant and social justice advocate in film pleaded not guilty Monday. Jameelah Elena Michl, 36, entered the plea in Los Angeles Superior Court to charges of murder and burglary, with additional allegations that she used a firearm to commit the felonies. Prosecutors say she knocked on the door of the Los Angeles home of Michael Latt — then forced her way in and fatally shot him with a semi-automatic handgun on Nov. 27. Latt, 33, was a well-known consultant in Hollywood whose firm focused on social impact in film and entertainment. At the ceremony, Satter and the two directors she mentored who presented her the award, Coogler and Chloe Zhao, paid tribute to Latt.

Persons: —, Jameelah Elena Michl, Michael Latt —, Ryan Coogler, Ava DuVernay, Michl, A.V, Rockwell, Teyana Taylor, Latt, Latt’s, Michelle Satter, Oscar, Satter, Coogler, Chloe Zhao, “ Michelle, you’ve, Michael, ” Coogler, “, ” Organizations: ANGELES, Los Angeles Superior Court, Los, Prosecutors, Rockwell, Sundance, Sundance Institute Locations: Los Angeles, Latt, Hollywood

☆ Oatly shares pop as oat milk maker brings dairy-free flavors to Carvel ice cream shops
▼ + stars: | 2024-01-22 | by ( Micah Washington | ) www.cnbc.com time to read: +1 min

Oatly and Carvel said on Monday that they will partner to add oat milk-based items at the chain's ice cream stores nationwide. Carvel, a chain known for its soft serve, will add five new plant-based desserts to its menu as part of the partnership. The Oatly products will include strawberry soft serve and scooped cookies and cream and chocolate peanut butter flavors, along with cakes. Oatly said the partnership will help the ice cream shop chain serve people with dairy allergies or dietary restrictions. More consumers have embraced plant-based milk in recent years, and oat milk has started to make up a larger share of that segment.

Persons: Oatly, Carvel, Jim Salerno Organizations: Foods, CNBC PRO Locations: San Rafael , California, Swedish

☆ Stock market hits new high after 2 years, overcoming a nasty inflation period and surging rates
▼ + stars: | 2024-01-22 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

The long wait between S & P 500 all-time highs is a friendly factor for forward performance, as far as historical observations go. John Kolovos of Macro Risk Advisors says, "It is OK to be bullish on the stock market (S & P 500) just not the market of stocks (everything else)," from a trend-following perspective. Barry Knapp of Ironsides Macroeconomics calculates that the equal-weight S & P is one standard deviation cheap versus the market-cap-weighted index. Remarkably, the S & P 500 first pushed above 19-times forward earnings exactly four years ago, right before the Covid crash. Well, the S & P 500 has delivered an annualized total return near 11% in the four years since.

Persons: Ned Davis, Wayne Whaley, Whaley, I've, haven't, John Kolovos, Barry Knapp, Knapp, USTs, it's, hasn't Organizations: Ned Davis Research, Foresight, Federal, noncommittal, Nvidia, Nasdaq, Deutsche Bank

☆ Meta's retreat from news accelerated in 2023, leaving publishers scrambling for traffic
▼ + stars: | 2024-01-22 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +14 min

At Mother Jones, a 48-year-old nonprofit magazine specializing in politics and investigations, the implications were dramatic. "The firehose of Facebook traffic was never going to pay for our journalism, for the majority of our journalism," Bauerlein said. Last decade, many publishers saw their "social traffic decline pretty dramatically," with Facebook deprioritizing text-based articles in favor of video content, Cholke said. "If we all end up finding news in the metaverse, then you'll be finding Mother Jones in the metaverse," she said. What Mother Jones won't do, she said, is "bet everything on one platform, because that never works out."

Persons: Mark Zuckerberg, Sen, John Kennedy, Bill Clark, Reuters Mother Jones, Monika Bauerlein, Mother Jones, Meta, Donald Trump, Bauerlein, Jill Nicholson, Nicholson, Zuckerberg, David Carr, Carr, We've, Meta hasn't, It's, Similarweb, Sam Cholke, John S, Adams, Jonah Peretti, " Peretti, Jessica Probus, BuzzFeed's, BuzzFeed, Probus, Cholke, that's, Chartbeat's Nicholson, Mathew Ingram, Facebook, Ingram, Pew, Elisa Shearer, influencers, Jones Organizations: Facebook, Reuters, Mother, CNBC, Google, Meta, Daily, Comcast, Vice Media, Institute for Nonprofit News, Texas Tribune, Montana Free Press, The Texas Tribune, Institute for Nonprofit, Longtime, Columbia Journalism, Pew Research Center, Pew Locations: Washington, France, Germany, Australia, Helena, American

☆ These Seven Tech Stocks Are Driving the Market
▼ + stars: | 2024-01-22 | by ( Karl Russell | Joe Rennison | ) www.nytimes.com time to read: +8 min

These Seven Tech Stocks Are Driving the MarketThe S&P 500 is at a new high, and investors have just a handful of stocks to thank for it. Market value of S&P 500 companies These seven companies account for 29% of the S&P 500’s market value Alphabet $1.8 tril. Amgen Linde Qualcomm Intel Pfizer These seven companies account for 29% of the S&P 500’s market value Market value of S&P 500 companies Thermo Fisher Scientific McDonald's Cisco Sys. Berkshire Hathaway UnitedHealth Costco These seven companies account for 29% of the S&P 500’s market value Market value of S&P 500 companies Thermo Fisher Scientific Abbott Labs. Indeed, based on price alone, the seven big tech stocks were not the best performing in the S&P 500.

Persons: Jan, it’s, Berkshire Hathaway Tesla, Health Eli Lilly, Johnson Procter, Netflix Walt Disney, Amgen Linde, Wells, Merck Mastercard Eli Lilly Johnson, Johnson, JPMorgan Chase, Berkshire Hathaway, Wells Fargo Walt Disney Pfizer Amgen, Phillips Goldman, Mastercard Eli Lilly Abbvie Johnson, Chase Organizations: Apple, Meta, Microsoft, Nvidia, Tesla, Berkshire, JPMorgan Chase United, Health, Broadcom Johnson, Gamble Exxon Mobil Home Depot Mastercard Costco Walmart Oracle Merck Accenture, Mobile Wells Fargo PepsiCo Comcast, Intuit, Fisher, Netflix Walt, Netflix Walt Disney Cisco Sys, Verizon Abbott Labs, Amgen, Amgen Linde Qualcomm Intel Pfizer, Cisco Sys, Abbott Labs, Accenture Netflix Linde Intel PepsiCo Oracle Walmart, Wells Fargo Walt Disney Qualcomm, Mobile Comcast Intuit, Verizon, Pfizer, Merck Mastercard, Johnson Nvidia, Visa Exxon Mobil Apple, Broadcom, JPMorgan, JPMorgan Chase Procter, Gamble, Costco, Fisher Scientific Abbott Labs, Cisco Systems Accenture PepsiCo, Netflix Linde Intel Oracle Walmart, Wells Fargo Walt Disney Pfizer, Mobile, Comcast Intuit Verizon Qualcomm Amazon, Merck Uber Tech, P Global American, Phillips Goldman Sachs IBM UPS Honeywell Boeing, Mastercard, Adobe Exxon Mobil Apple, Broadcom Chevron Home, Micro Devices, Chase Procter, Berkshire Hathaway UnitedHealth Bank of America Costco, Royal, General, Amazon, Big Tech, IBM, Exxon, General Electric, & & + + + Locations: Berkshire, Royal Caribbean

☆ French Warship Treats Around 1,000 Injured Gazans off Egyptian Shore
▼ + stars: | 2024-01-21 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +2 min

The Dixmude, a French helicopter carrier, has been docked in the Egyptian port of al-Arish, 50 km (30 miles) west of the Gaza Strip, since November. Israel has targeted the largest remaining hospitals, saying Hamas fighters are operating there, something Hamas denies. Those lucky enough to cross into Egypt, like 16-year-old Ahmed Abu Daqqa, who was injured on Nov. 1, faced long waits for medical care. Doctors in Gaza "took out the shrapnel and put in two rods, but a month later they discovered more shrapnel in my knee. He and others on board the French ship were awaiting further transfers to hospitals in Egypt or abroad.

Persons: Alexandre Blonce, Gazans, Israel, Ahmed Abu Daqqa, Ahmed Fahmy, Mohamed Abdelghany, Nafisa, Mark Heinrich Organizations: Hamas, World Health Organization Locations: ARISH, Egypt, Gaza, French, al, Arish, Palestinian, Italy

☆ The S&P 500 set a new record high. How our current Club stocks have fared since the last one
▼ + stars: | 2024-01-21 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +4 min

The Dow Jones Industrial Average set its first record close since January 2022 in December and ended Friday's session at a record high above 37,800. The Nasdaq, on the other hand, ended Friday at 15,310.97 — meaning it needs to rally about 5% more to take out its Nov. 19, 2021 record high. It is worth noting that the Nasdaq 100 , which is weighed more heavily in Big Tech, did close at another record high Friday. Quite a bit has happened on Wall Street since the S & P 500's old high in January 2022. Take a look below to see how 31 of our 32 current Club stocks have fared between the S & P 500's record closes.

Persons: Eli Lilly, Jim Cramer, tirzepatide, Tirzepatide, Lilly, —, Eaton, we've, it's, Jim Cramer's, Jim, Spencer Platt Organizations: Nvidia, Palo Alto Networks, Palo, Dow Jones, Nasdaq, Big Tech, Federal Reserve, GE Healthcare, Abbott Labs, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: Palo, Palo Alto, Covid, New York City

☆ The buy now, pay later holiday debt hangover has arrived, as consumers wonder how they'll pay bills
▼ + stars: | 2024-01-21 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +4 min

So she turned to a novel solution to get through the season: Buy now, pay later. It's tough to say how buy now, pay later fits into the country's overall debt picture. Klarna, PayPal and Affirm all declined to share buy now, pay later delinquency rates with CNBC. Affirm has said the short-term and high-velocity nature of its buy now, pay later service makes traditional credit metrics less relevant. Klarna said its global default rate for its overall business including buy now, pay later is less than 1%.

Persons: Kiki Andersen, Andersen, I've, I'm, It's, Ted Rossman, delinquencies, who've, Klarna Organizations: PayPal, CNBC, Adobe, Federal Reserve Locations: Los Angeles, U.S

How Houthi Attacks Have Upended Global ShippingShipping routes before attacks After attacks EUROPE ASIA Suez Canal Red Sea Gulf of Aden Malacca Strait AFRICA Area of Houthi attacks Continued traffic South Atlantic Ocean Indian Ocean Ships diverted after attacks Cape of Good Hope Shipping routes before attacks After attacks EUROPE ASIA Suez Canal Gulf of Aden Red Sea AFRICA Area of Houthi attacks Continued traffic South Atlantic Ocean Indian Ocean Ships diverted after attacks Cape of Good Hope Shipping routes before attacks After attacks EUROPE Suez Canal Gulf of Aden Red Sea AFRICA Area of Houthi attacks Continued traffic Ships diverted after attacks Cape of Good Hope Note: To show the changing paths of ships that regularly traverse the Red Sea, 3,461 cargo vessels recorded at entrances to the Red Sea in the last three months are shown. Those detours, and the Houthi attacks, have persisted despite airstrikes by the United States and its allies against the Houthis. Houthi attack involving commercial vessels Other Houthi attacks in the Red Sea Three commercial vessels were struck in one day on Dec. 3. Nov. 15, 2023 Dec. 1 Dec. 15 Jan. 1, 2024 Jan. 15 Houthi attack involving commercial vessels Other Houthi attacks in the Red Sea Nov. 15, 2023 Armed Houthi fighters boarded a commerical vessel. The Houthi attacks have delayed China’s annual surge in exports before its factories are idled next month for the Lunar New Year.

Persons: Cape, Jan, JPMorgan Chase, Port Said Organizations: Global Shipping Shipping, Atlantic, Ships, Good Hope Shipping, Shipping, United States Central Command Shipping, Ikea, East, JPMorgan, Maersk, U.S . Energy Information Administration, Rotterdam EUROPE Venice, Good Hope, EUROPE Venice, International Monetary, Trade, Galaxy Leader, U.S . Navy, America Locations: ASIA Suez, Aden Malacca Strait AFRICA, ASIA Suez Canal Gulf, Aden Red, Suez Canal Gulf, Suez, Africa, Yemen, Israel, Gaza, United States, U.S, Asia, Europe, China, Northern Europe, East Coast, Maersk Hong Kong, The Singapore, Singapore, Slovenia, Port Said, Egypt, Port, Russia, Ukraine, India, Rotterdam EUROPE, Rotterdam EUROPE Venice Barcelona, Istanbul ASIA SYRIA LEBANON IRAN ISRAEL IRAQ Strait, Hormuz GAZA Suez, Kuwait, Red, Mumbai Malacca, YEMEN AFRICA, Aden, Good, Good Hope EUROPE ASIA SYRIA LEBANON ISRAEL IRAN IRAQ GAZA Suez, Strait, Hormuz Red, YEMEN, EUROPE, EUROPE Venice Tokyo Barcelona, Istanbul Shanghai ASIA SYRIA LEBANON IRAN ISRAEL IRAQ GAZA, Hormuz Hong, Suez Canal Kuwait, AFRICA Red, Mumbai Bangkok YEMEN Malaca, Istanbul Shanghai SYRIA LEBANON IRAN ISRAEL IRAQ ASIA GAZA, Suez Canal AFRICA Kuwait City Red, Red Sea, Beijing

However, police said the woman told investigators that she never consented to be video recorded and was unaware it had occurred. Court records show that his wife, Bridget Ziegler, told detectives the three had engaged in sex once more than a year ago. The Republican Party of Florida ousted Ziegler earlier this month as police investigated the rape accusation against him. It wasn’t immediately clear what the conclusion of the rape investigation would mean for Ziegler’s future with the state Republican Party. In a phone call, the woman told Ziegler that he had sexually assaulted her.

Persons: Christian Ziegler, Ziegler, Derek Byrd, ”, ” Byrd, Sarasota Police Department ‘, Mr, Bridget Ziegler, Ron DeSantis, DeSantis, couldn’t, Marco Rubio, Rick Scott, Evan Power, Angela Cox, “ couldn’t, Cox, “ Organizations: Florida Republican Party, Sarasota Police Department, Police, Sarasota County, Attorney's Office, Prosecutors, State, State Attorney, Liberty, Gov, Walt Disney, Disney, Republican Party of Florida, Sens, Republican Party, GOP, Sarasota Police, Google Locations: Sarasota, Florida, Sarasota County, DeSantis, U.S, ”

Last November, a state judge threw out the results of the Sept. 12 Democratic mayoral primary in Bridgeport and ordered a new primary to take its place. Here’s a look at what to expect on election night:PRIMARY DAY, PART 2The special do-over Democratic primary for mayor of Bridgeport, Connecticut, will be held on Tuesday. WHAT’S ON THE BALLOTThe Associated Press will provide coverage for the special Democratic mayoral primary in Bridgeport. It was 17% of registered party members in the Sept. 12 Democratic primary, down from 21% in the 2019 primary. Turnout for the first Democratic mayoral primary on Sept. 12 was about 17% of registered Democrats in Bridgeport.

Persons: Joe Ganim, Ganim, John Gomes, Gomes, David Herz, Lamond Daniels, Sen, Marilyn Moore, Joe Biden, Ganim eked, it’s Organizations: WASHINGTON, Democratic, Voters, Bridgeport, Press, WHO, AP Locations: Bridgeport , Connecticut, Bridgeport, City Hall, Connecticut

☆ Grayscale CEO says most of the 11 approved bitcoin ETFs won't survive, defends highest fees in industry
▼ + stars: | 2024-01-19 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

When the U.S. Securities and Exchange Commission approved a swathe of spot bitcoin ETFs earlier this month, much focus was on the management fees that firms from BlackRock to Fidelity were charging. The Grayscale Bitcoin Trust ETF is the world's largest, with over $25 billion in assets under management. "Investors are weighing heavily things like liquidity and track record and who the actual issuer is behind the product. The Grayscale CEO said two to three of the spot Bitcoin ETFs "will maybe obtain some kind of critical mass" of assets under management, but that the others may be pulled from the market. "I don't ultimately think that the marketplace will have ultimately these 11 spot products we find ourselves having," Sonnenshein said.

Persons: Michael Sonnenshein, Sonnenshein Organizations: Forbes, Summit, New York Historical Society, U.S . Securities, Exchange Commission, Fidelity, CNBC, Economic Locations: BlackRock, DAVOS, Switzerland, Davos

☆ Tanya Berezin, Behind-the-Scenes Off Broadway Force, Dies at 82
▼ + stars: | 2024-01-19 | by ( Alex Williams | ) www.nytimes.com time to read: +1 min

By the mid-1980s, Tanya Berezin had gone far as a New York stage actress. “It just feels really uncomfortable and childish.”Her budding career crisis turned out to be an opportunity. In 1986, Ms. Berezin turned her attention from the stage to a highly influential behind-the-scenes role in the theater world: artistic director of the Circle Repertory Company, a storied Off Broadway incubator of talent that she had helped found in 1969. Ms. Berezin died on Nov. 29 at the home of her daughter, Lila Thirkield, in San Francisco. Ms. Thirkield said the cause of her death, which was not widely reported at the time, was lung cancer.

Persons: Tanya Berezin, Lanford, ”, Berezin, Lila Thirkield, Thirkield Organizations: Circle Repertory Locations: New York, San Francisco

☆ Our 2 semiconductor stocks hit more all-time highs. Here is what's behind each move
▼ + stars: | 2024-01-19 | by ( Morgan Chittum | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. The analysts said that buy-side expectations for the iPhone maker are below consensus, meaning in-line quarterly results could be solid enough to drive Apple shares higher. 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, Mark Zuckerberg, Eaton, Goldman Sachs, preorders, Jim Cramer's, Jim Organizations: CNBC, Nasdaq, Big Tech, Meta, Nvidia, Broadcom, VMware, Goldman, Apple, Vision

☆ A Florida GOP leader was cleared of rape allegations. But he could still face charges that he illegally recorded the sexual encounter.
▼ + stars: | 2024-01-19 | by ( Terry Spencer | Associated Press | ) www.businessinsider.com time to read: +5 min

However, police said the woman told investigators that she never consented to be video recorded and was unaware it had occurred. Court records show that his wife, Bridget Ziegler, told detectives the three had engaged in sex once more than a year ago. AdvertisementIt wasn't immediately clear what the conclusion of the rape investigation would mean for Ziegler's future with the state Republican Party. The woman told detectives that she and Ziegler have known each other for more than 20 years. AdvertisementIn a phone call, the woman told Ziegler that he had sexually assaulted her.

Persons: —, Christian Ziegler, Ziegler, Derek Byrd, Byrd, Mr, Bridget Ziegler, Ron DeSantis, DeSantis, couldn't, Marco Rubio, Rick Scott, Evan Power, Angela Cox, Cox Organizations: Service, Florida Republican Party, Business, The Sarasota Police Department, Police, Sarasota County, Attorney's Office, Prosecutors, Sarasota Police Department, State, State Attorney, Liberty, Gov, Walt Disney, Disney, Republican Party of Florida, Sens, Republican Party, GOP, Sarasota Police, Google Locations: Sarasota, Florida, Sarasota County, DeSantis, U.S

☆ American Express CEO says spending is strong, delinquencies are down from 2019
▼ + stars: | 2024-01-19 | by ( Micah Washington | ) www.cnbc.com time to read: +1 min

Stephen Squeri, chairman and chief executive officer of American Express Co., speaks during an Economic Club of New York event in New York, US, on Thursday, Nov. 10, 2022. American Express CEO Stephen Squeri on Friday said the credit card company saw "good consumer spending" during the holidays and signs of strong overall health for U.S. spending. In particular, delinquency rates were "lower than they were in 2019," Squeri told CNBC's Scott Wapner in an interview at the American Express PGA Tour event in La Quinta, California. The signs of resilient consumer spending run somewhat counter to persistent inflation. American Express reports its fourth-quarter earnings on Jan 26.

Persons: Stephen Squeri, Squeri, CNBC's Scott Wapner, he's, JPMorgan Chase, Jamie Dimon, Goldman Sachs, David Solomon, We'll Organizations: American Express Co, Economic, of New, American Express, JPMorgan, Federal, Express Locations: of New York, New York, La Quinta , California, U.S

☆ JetBlue and Spirit appeal judge's ruling that blocks their proposed merger
▼ + stars: | 2024-01-19 | by ( Leslie Josephs | ) www.cnbc.com time to read: 1 min

Spirit and JetBlue planes at Fort Lauderdale-Hollywood International Airport (FLL) in Fort Lauderdale, Florida, US, on Wednesday, Nov. 1, 2023. JetBlue Airways and Spirit Airlines on Friday said they are appealing a federal judge's ruling issued earlier this week that blocks the two carriers' planned merger on antitrust grounds. JetBlue had planned to buy Spirit for $3.8 billion in a deal struck in the summer of 2022. A federal judge on Tuesday, however, barred that combination, saying it would eliminate the budget carrier and mean higher prices for cost-conscious consumers. Spirit shares extended gains posted during the regular session on Friday, rising more than 10% in after-hours trading, while JetBlue's were little changed.

Persons: JetBlue's Organizations: JetBlue, Hollywood International, JetBlue Airways, Spirit Airlines Locations: Fort Lauderdale, Fort Lauderdale , Florida

People attend the 54th annual meeting of the World Economic Forum, in Davos, Switzerland, January 18, 2024. Javier MileiArgentina's President Javier Milei delivers a speech at the World Economic Forum (WEF) meeting in Davos on January 17, 2024. Sam AltmanSam Altman, CEO of OpenAI, attends the 54th annual meeting of the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024. He said AGI could be developed in the "reasonably close-ish future," speaking at a private gathering at the Bloomberg House in Davos, Switzerland. AI took a huge leap forward in the last year or two years," Benioff said on a World Economic Forum panel Thursday.

Persons: Denis Balibouse, Donald Trump, Ursula von der, Ursula von der Leyen, Jamie Dimon Jamie Dimon, JPMorgan, Adam Galici, Jamie Dimon, Dimon, Larry Fink's, bitcoin, Volodymyr Zelenskyy, CNBC's Andrew Ross Sorkin, Vladimir Putin, Zelenskyy, Putin, Javier Milei, Fabrice COFFRINI, FABRICE COFFRINI, Fabrice Coffrini, Milei, Adena Friedman Adena Friedman, Adena Friedman, Friedman, Sam Altman Sam Altman, Sam Altman, Altman, Antony Blinken Antony Blinken, CNBC Putin, Antony Blinken, Blinken, Trump's, it's, Christine Lagarde, Emmanuel Macron, Macron, Dmytro Kuleba, Arnd Wiegmann, Trump, Vladimir, Ukraine's, Kuleba, Michelle Yeoh Michelle Yeoh, Mike Coppola, Michelle Yeoh, CNBC's Tania Bryer, Yeoh, Pedro Sanchez Spanish, Pedro Sanchez, Isabel Infantes, Sanchez, Li Qiang Li Qiang, Li Qiang, Li, Isaac Herzog, Kfir Bibas, Herzog, Kfir, Hossein Amir, Abdollahian, Atta Kenare, Joe, Biden, Netanyahu, Amir, Sergio Ermotti, MICHAEL BUHOLZER, Ermotti, Marc Benioff Marc Benioff, Salesforce, CNBC's Sara Eisen, Marc Benioff, Benioff, Ray Dalio Ray Dalio, Bridgewater, Ray Dalio, Dalio, Mark Carney Mark Carney, DANIEL LEAL Organizations: Economic, Reuters, European, JPMorgan Chase, CNBC, BlackRock, Getty, Afp, NASDAQ, CNBC Nasdaq, Reuters OpenAI, Bloomberg, State, European Central Bank, Central Bank, Reuters Ukraine's, United Nations Development, Spanish, Getty Images, Hamas, Palestinian, Hezbollah, Turkish, AFP, Iranian, Sergio Ermotti UBS, Getty Images UBS, Credit Suisse, Bridgewater Associates, U.S, Bank of England, UN, OLIVAS Locations: Davos, Switzerland, Ukraine, Gaza, Russia, China, Moscow, WEF, AFP, OpenAI, U.S, Russian, Iran, Europe, United States, Hollywood , California, Madrid, Spain, Beijing, Washington, Lebanese, Tehran, Israel, Hiroshima

Trump, who contends James’ lawsuit is part of a politically motivated “witch hunt” was demonstrative from the outset. Go out and do your own work,” Trump testified. “I considered this the most important job in the world, saving millions of lives,” Trump testified. Would you like to see it?”“I don’t think we’re allowed to open the windows,” Wallace said. “An incredible property … an unbelievable property ... a phenomenal property that fronts on the ocean.”“I don’t want to sell any of them,” Trump testified.

Persons: Donald Trump’s, —, Letitia James, ”, Trump, that’s, James ’, smirking, “, ” James ’, Judge Arthur Engoron, Trump’s, James, ” Trump, Banks, they’d, Allen Weisselberg “, ’ Don’t, “ You’re, Donald Trump Jr, Kim Jong Un, ” Wallace, Clifford Robert, LIV Organizations: Republican, Information, Trump, New, Trump Organization, Weisselberg, Doral Locations: York, Manhattan, New York, North Korea, Scotland, Doral, Miami, Springs, New York City, New York State, Aberdeen, Jupiter, Florida, Los Angeles, Lago, Saudi Arabia, British, Sisak, x.com

☆ Nvidia isn't the only winner from Meta Platform's massive spending on AI chips
▼ + stars: | 2024-01-19 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +7 min

Meta Platforms is planning to pay Nvidia billions of dollars this year for its cutting-edge AI technology. Nvidia's stock has been off to a blistering start this year, up more than 20%, including a 3% gain Friday. Estimates on Nvidia's share of the AI training market vary, but is generally thought to be well above 80%. Still, Nvidia's stock more than tripled in 2023, leading the S & P 500, and has so far been a big winner in 2024. As Meta secures more AI chips, they will be placed in data centers where their computational capabilities will be utilized.

Persons: Mark Zuckerberg, Zuckerberg, Meta, they've, Jim Cramer, Wells, Wells Fargo, Aaron Rakers, Jim, Eaton, We've, Jim Cramer's, Facebook Mark Zuckerberg, Kenzo Tribouillard Organizations: Nvidia, Taiwan Semiconductor Manufacturing Company, Taiwan Semi, Meta, Apple, Facebook, Reality Labs, Eaton Corp, CNBC, European Commission, AFP, Getty Locations: Taiwan, Wells Fargo, Brussels

Once the Jayhawks got to the NCAA Tournament, Danny Manning carried them to their second national title. A two-time All-American, Manning led sixth-seeded Kansas on a romp through the NCAA Tournament on a team dubbed Danny and the Miracles. QUADRUPLE DOUBLEThe NCAA record book has an entry for most quadruple doubles. As a senior at UT-Martin, Hudson had 25 points, 12 rebounds, 10 assists and 10 steals against Central Baptist on Nov. 13, 2007, for the only quadruple double in Division I history. At Davidson, Curry led the Wildcats on a memorable run all the way to the NCAA Tournament.

Persons: John Wooden, ”, Bill Walton, Wooden, “, Louis, Walton, ” Walton, Lew Alcindor, Kareem Abdul, Jabbar, MARAVICH'S, Pete Maravich, Pete, Maravich, Bob Knight, Scott May, Kent Benson, Benson, DANNY, Danny Manning, Manning, Danny, Lester Hudson, Hudson, STEPH'S, Stephen Curry, Curry, HANK Loyola Marymount, Bo Kimble, Kimble, Wilt Chamberlain, Frank Selvy, Furman, Selvy, RUSS Bill Russell Organizations: UCLA, Bruins, Associated Press, Memphis State, LSU, Indiana, Hoosiers, Michigan, Notre Dame, Kentucky, Ohio State, Kansas, Jayhawks, NCAA, Oklahoma, UT, Martin, Central Baptist, Wildcats, Southern, Gonzaga, Georgetown, Wisconsin, West, New, New Mexico State, Lions, Newberry, NBA, Baltimore, San, Iowa, AP Locations: St, Kentucky, Kent, Kansas, Davidson, New Mexico, San Francisco

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