DIRS.INFO The most relevant business & tech news

☆ BP exec's husband guilty of insider trading $1.8 million, snooped on her calls
▼ + stars: | 2024-02-25 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

The SEC said that Loudon's wife acknowledged occasionally discussing the acquisition with her husband in "normal" married-couple types of conversations. But over the next few months, Loudon, without telling his wife, accumulated 46,450 shares of TravelCenters, according to the U.S. attorney's office. But in March, the Financial Industry Regulatory Authority requested from BP a list of people who were "in the know" about the TravelCenters acquisition before it happened. "Loudon's wife responded that they would." Loudon's wife reported her husband's insider trading to her BP supervisor but she was later fired from the company.

Persons: Tyler Loudon, Alamdar Hamdani, Loudon, Mr, Peter Zeidenberg, Loudon's, Roth, TravelCenters Organizations: BP, Southern District of Texas, Securities and Exchange Commission, CNBC, Authorities, TravelCenters, SEC, Roth IRA, Financial Industry, Authority Locations: Southend, United Kingdom, America, Houston, Southern District, Loudon, Rome, TravelCenters

☆ Texas man guilty of making $1.8M after eavesdropping on his wife's work calls as they worked from home
▼ + stars: | 2024-02-24 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +2 min

Read previewA Houston man has pleaded guilty to insider trading after he made $1.76 million in illegal profits after listening in on his wife's work calls as they worked from home. AdvertisementThe regulator said that Loudon purchased 46,450 shares of TravelCenters stock without his wife's knowledge before the deal was announced. It alleged that he "took advantage of his remote working conditions and his wife's trust to profit from information he knew was confidential." He told her he did it because he didn't want her to work long hours anymore, said the SEC complaint. The SEC noted that Loudon had not denied the allegations and had agreed to a partial judgment subject to court approval.

Persons: —, Tyler Loudon, Alamdar, Hamdani, Loudon, scrutinizing, didn't Organizations: Service, BP, Business, Securities, Exchange Commission, SEC Locations: TravelCenters, Loudon

☆ UnitedHealth subsidiary Change Healthcare down for a fourth day following cyberattack
▼ + stars: | 2024-02-24 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +2 min

Change Healthcare's systems are down for a fourth straight day after parent company UnitedHealth Group disclosed that a suspected cybersecurity threat actor gained access to part of its information technology network on Wednesday. UnitedHealth, the biggest health-care company in the U.S. by market cap, owns the health-care provider Optum, which merged with Change Healthcare in 2022. Optum services more than 100 million patients in the U.S., according to its website, and Change Healthcare offers solutions for payment and revenue cycle management. ET Saturday, Change Healthcare said the disruption is expected to continue "at least" through the day. The AHA declined to comment on the Change Healthcare cyberattack.

Persons: UnitedHealth, We're, CISA Organizations: UnitedHealth Group, Healthcare, U.S . Securities, Exchange Commission, CNBC, CVS Health, CVS, American Hospital Association, AHA, Department of Health, Human Services, FBI, Infrastructure Security Agency, HHS Locations: U.S

☆ JPMorgan CEO Jamie Dimon sells off $150 million of shares in first-ever sale since taking over the banking giant
▼ + stars: | 2024-02-24 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +1 min

JPMorgan CEO Jamie Dimon sold off $150 million of shares on Thursday. It's the first time in Dimon's 18 years leading the company that he's sold any shares. AdvertisementThe CEO of JPMorgan Chase on Thursday sold $150 million worth of shares in the banking giant, his first-ever sale since taking over the company 18 years ago. According to a filing with the US Securities and Exchange Commission, Jamie Dimon offloaded about 822,000 shares in the sale. He still holds about 7.7 million shares in the company, Bloomberg reported.

Persons: Jamie Dimon, It's, he's, Dimon, —, JPMorgan Chase Organizations: Service, JPMorgan, US Securities and Exchange Commission, Bloomberg, Business Locations: Dimon's

☆ Warren Buffett honors Charlie Munger in annual note, Berkshire reports record cash pile
▼ + stars: | 2024-02-24 | by ( Nicole Goodkind | Eva Rothenberg | ) edition.cnn.com time to read: +11 min

Courtesy of Susie Buffett Buffett teaches a class at the University of Nebraska-Omaha. Courtesy of Susie Buffett Buffett married his first wife, Susan, in 1952. Courtesy of Susie Buffett Buffett and his wife pose at the beach with their three children. Courtesy of Susie Buffett Buffett poses for a photo in 1980. Nati Harnik/AP Buffett and Berkshire Hathaway Vice Chairman Charlie Munger are seen on a giant screen during the Berkshire Hathaway shareholders meeting in 2013.

Persons: Warren Buffett’s, Charlie Munger, Buffett, Munger, ”, Charlie, Berkshire Hathaway, “ Charlie, Munger’s, Greg Abel, Abel, Berkshire’s, Greg, ” Buffett, “ Greg, Berkshire Berkshire Hathaway, Warren Buffett, Nati, Laila, Howard Buffett, Howard, Susie Buffett, Ernest, Susie Buffett Laila Buffett, Warren, Doris, Susie Buffett Warren Buffett, Susie Buffett Buffett, Susan, Peter, Lee Balterman, Salomon, Marcy Nighswander, AP Buffett, Buffett's, Mark Peterson, Curt Hudson, Arnold Schwarzenegger, Kathy Willens, Chris Machian, Dave Weaver, Michael Israel, John Sleezer, Bill Gates, Mario Tama, Barack Obama, Obama, doggedly, isn't, Jim Watson, Daniel Acker, Harry Benson, Getty Images Buffett, Astrid, David Cameron, Brendan Hoffman, Kristoffer Tripplaar, Alamy Buffett, Scott Eells, Chris, Franklin, Ndamukong Suh, Scott Olson, Huang Jihui, Jason Miller, Adam Jeffery, Hillary Clinton, Kempin, Forbes, Andy Kropa, Scott Morgan, Reuters Buffett, Andrew Harrer, Apple Berkshire Hathaway Organizations: New, New York CNN, Berkshire Hathaway, Investors, Oracle, “, Berkshire, Berkshire Berkshire, University of Nebraska -, Getty, Federal Reserve, AP, Omaha for Berkshire, Bloomberg, California Gov, Wall Street, Schwarzenegger's, Kansas City Royals, Kansas City Star, Girl Scouts, Buffett, Microsoft, Getty Images, White, British, Woodrow Wilson High, Washington, Forbes, Harlem Globetrotters, Cleveland Cavaliers, Moon, NBA, CNBC, Reuters, Apple Berkshire, Apple, Securities and Exchange Commission, HP, Paramount Locations: New York, Omaha, “ Berkshire, Berkshire, The Omaha , Nebraska, Omaha , Nebraska, University of Nebraska - Omaha, Omaha for, Woodstock, Trenton , New Jersey, AFP, Washington , DC, Illinois, Sun Valley , Idaho

☆ Reddit aims to ride the AI wave by going public
▼ + stars: | 2024-02-23 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +4 min

The platform's listing, expected next month, would be the largest IPO by a social media company since Pinterest in 2019. That means some are wondering why Reddit has waited until now to make its move, but AI might have something to do with it. Reddit also listed data licensing and AI training as part of its income streams. "We are going public to advance our mission and become a stronger company," he said in a founder's letter included in the prospectus. AdvertisementRepresentatives for Reddit did not immediately respond to a request for comment from BI, made outside normal working hours.

Persons: Reddit, Sam Altman, Steve Huffman, Huffman, Fortune, Katie Notopoulos Organizations: New York Stock Exchange, Facebook, Twitter, Business, Securities and Exchange Commission, Google, University, Virginia, GameStop, AMC Locations: Reddit

☆ CNBC Daily Open: The U.S. economy is humming along
▼ + stars: | 2024-02-23 | 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. Historic moon landingIntuitive Machines IM-1 mission has landed on the moon, in a historic first for a U.S. company. The company's Nova-C cargo lander, named "Odysseus," is the first American spacecraft to land on the lunar surface since 1972. [PRO] 'Seven Samurai'With Japanese markets enjoying a bull run, Goldman Sachs has named "Seven Samurai" stocks in the country, which it highlighted could be to equivalent to the U.S.'s "Magnificent Seven."

Persons: Dow, Reddit, Odysseus, Goldman Sachs Organizations: CNBC, Nasdaq, Social, Securities and Exchange Commission, New York Stock Exchange Locations: U.S

☆ CNBC Daily Open: The U.S. economy seems to be holding up
▼ + stars: | 2024-02-23 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 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. Overnight, the S&P 500 soared to new highs fueled by Nvidia's blockbuster earnings, notching its best day since January 2023. We are seeing a very strong demand in the mobility space," Grab CFO Peter Oey told CNBC, adding that tourism is "growing very much." Cyberattacks cost the global economy an estimated $8 trillion in 2023 — that is set to rise to $10.5 trillion by 2025, said research firm Cybersecurity Ventures.

Persons: Dow, Peter Oey, Reddit, Sundar Pichai, Goldman Sachs Organizations: CNBC, Nasdaq, Social, Securities and Exchange Commission, New York Stock Exchange, Cybersecurity Ventures Locations: Asia, China, Japan

☆ Analysis: While eyes are on Trump, Supreme Court conservatives prepare to rewrite the rulebook
▼ + stars: | 2024-02-23 | by ( Joan Biskupic | ) edition.cnn.com time to read: +10 min

Supreme Court conservatives are accelerating their moves to overhaul the way the federal government protects Americans, whether from air pollution or unfair financial practices. The case has determined a swath of court judgments on agency policy, well beyond the environmental realms, and become one of the most cited rulings in Supreme Court history. The Corner Post is protesting a Federal Reserve rule adopted in 2011 that caps debit card fees merchants obtain with every transaction. Three Republican-led states and power industry groups turned to the high court, seeking immediate relief and asking that any implementation be barred. Kagan focused on the multiple preliminary issues that lower court judges would have typically assessed before the case reached the justices.

Persons: Donald Trump, won’t, Elena Kagan, Let’s, Trump, Neil Gorsuch, Brett Kavanaugh, Amy Coney Barrett, Barrett, Kagan, Benjamin Snyder, Chevron, Gorsuch, ”, ” Gorsuch, John Roberts, Snyder, “, Ketanji Brown Jackson, Bryan Weir, ” Weir, Honig, Roberts, Malcolm Stewart, ” Jackson, Mathura, ” Sridharan, Jackson, Sonia Sotomayor, Catherine Stetson, it’s Organizations: CNN, Securities, Exchange Commission, Food, Chevron, Natural Resources Defense Council, Department, Federal, ”, Federal Reserve, ” Liberal, Corner Post, Liberal, DC Circuit, Republican, EPA Locations: Washington, American, North Dakota, “, Ohio

☆ Reddit warns its business could be damaged by another moderator revolt
▼ + stars: | 2024-02-23 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +1 min

Last year, Reddit moderators protested against site changes that restricted third-party app access. In its S-1 filing ahead of its planned IPO, the company admitted that a moderator revolt is one risk factor. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementYears after the website's launch, Reddit, an online message board platform, is preparing to go public next month. In advance of the planned IPO, the company filed a prospectus with the Securities and Exchange Commission, which outlines risks associated with its business that potential shareholders should be aware of.

Persons: subreddits, — Organizations: Service, Securities and Exchange Commission, Business

☆ Reddit has never turned a profit in nearly 20 years, but it just filed to go public anyway
▼ + stars: | 2024-02-23 | by ( Clare Duffy | John Towfighi | ) edition.cnn.com time to read: +6 min

The move would make Reddit the first major social media company to go public since Snapchat in 2017. In its 18 years as an online social hub, Reddit has seen enormous growth, occasional controversy and even market-shifting stunts. Reddit users often post anonymously in these forums, discussing everything from memes to major news events. Steve Huffman, CEO of Reddit attends Variety & Reddit An Evening With Future Makers at Wynn Las Vegas on January 05, 2023 in Las Vegas, Nevada. Still, the incident helped draw attention to the power of Reddit communities.

Persons: New York CNN — Reddit, Reddit, ”, Steve Huffman, ” Huffman, Condé Nast, Alexis Ohanian, Huffman, Sam Altman, Ohanian, TheFacebook, Greg Doherty, ” Reddit Organizations: New, New York CNN, San Francisco, New York Stock Exchange, Securities and Exchange Commission, Advance, University of Virginia, Facebook, YouTube, Twitter, Wynn Las, Variety, GameStop, Google Locations: New York, San, Wynn Las Vegas, Las Vegas , Nevada

☆ Pharmacies across America are having trouble processing some prescriptions because of a cyberattack
▼ + stars: | 2024-02-22 | by ( David Goldman | ) edition.cnn.com time to read: +3 min

CNN —Pharmacies across the United States are reporting that they are having difficulty getting prescriptions to patients because of a cyberattack on a unit of UnitedHealth. The cyberattack prevented some pharmacies from processing prescriptions to insurance companies to receive payment. “This outage is impacting dispensing of pharmacy prescriptions – resulting in delays in processing and in some cases, inability to process,” the hospital said. In a statement, Change Healthcare said it believed the attack was isolated to its network and did not spread elsewhere. “At this time, we believe the issue is specific to Change Healthcare and all other systems across UnitedHealth Group are operational,” the company said.

Persons: ”, “ Refills, UnitedHealth, “ Organizations: CNN, Healthcare, Naval Hospital, ” Evans, Community Hospital, Securities and Exchange Commission, UnitedHealth, ”, SEC Locations: United States, Camp Pendleton , California, Pendleton, Colorado, Norton , Kansas

☆ Sam Altman secretly owned way more Reddit stock than we thought
▼ + stars: | 2024-02-22 | by ( Grace Eliza Goodwin | Lauren Steussy | ) 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 previewWe learned a new detail about Sam Altman Thursday: just how much he supports Reddit. The filing revealed that Altman, the CEO of OpenAI, owns an 8.7% stake in the company. Reddit is the first social media company to submit an initial public offering since Pinterest in 2019, and it's the first major tech company to file for an IPO in 2024. The concept of working this closely with AI companies hasn't gone over great with some Reddit users, who have criticized the idea of profiting off users' data without their consent.

Persons: —, Sam Altman, Altman, Newhouse, Tencent, Reddit, Reddit doesn't, Steve Huffman, hasn't Organizations: Service, Securities and Exchange Commission, Business, Altman, Advance, Hollywood, Bloomberg, Google, OpenAI, SEC Locations: Reddit

☆ Reddit Warns That Meme Stock Investors Could Come for Its Own Stock
▼ + stars: | 2024-02-22 | by ( Meghan Morris | ) www.businessinsider.com time to read: +2 min

As Reddit prepares to go public, the social-media company issued an unusual warning to investors. AdvertisementGameStop, AMC, and other companies saw huge swings in their stock prices starting in 2021, thanks to chatter on social-media platform Reddit. In lawyerly language, Reddit wrote that individual ("retail") investors may home in on the company's stock. AdvertisementReddit S-1 cautions that retail investors could make the stock volatile Reddit S-1 screenshotReddit is offering its most frequent users a chance to buy into the IPO alongside institutional investors. Reddit users, meanwhile, gather on WallStreetBets (mentioned five times in the S-1) and other subreddits, where many posters are bearish about the company's upcoming IPO.

Persons: Reddit, Redditors, — Organizations: GameStop, Service, AMC, Securities and Exchange Commission

☆ Reddit files to list IPO on NYSE under the ticker RDDT
▼ + stars: | 2024-02-22 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +6 min

Social media company Reddit filed its IPO prospectus with the Securities and Exchange Commission on Thursday after a yearslong run-up. The company plans to trade on the New York Stock Exchange under the ticker symbol "RDDT." The social networking company's core business is reliant on online advertising sales stemming from its website and mobile app. Reddit said the current addressable advertising market is $1.0 trillion, sans China and Russia. Reddit said that its non-employed moderators, known as Redditors, can participate in the company's IPO offering through its "directed share program."

Persons: Reddit, Pinterest, Alexis Ohanian, Steve Huffman, It's, DAUq, Condé Nast Organizations: Securities and Exchange Commission, New York Stock Exchange, P Global Market Intelligence, Google, eBay, . Publishing, Condé Locations: U.S, Reddit's U.S, China, Russia, Ukraine

☆ Boxabl customers tired of waiting for their tiny homes ask for their deposits back as a cash crunch looms
▼ + stars: | 2024-02-22 | by ( Daniel Geiger | Alex Nicoll | ) www.businessinsider.com time to read: +12 min

While most of those customers say they have received their money, some said their refund requests were disputed or ignored. Two-thirds, or 23, of those people said they had asked to be refunded, or were going to ask Boxabl for their money back. Boxabl said it recently received approval to sell its homes in Arizona and is close to receiving similar clearances in California and Nevada. Amid its own dwindling cash supply, Boxabl has recently appeared less willing to grant refunds to some depositors who want out. When he sent an email in January to Boxabl asking for a refund, the company declined his request.

Persons: —, Boxabl, Dan Pena, Pena, Chris Armbruster, Gary Palmer, Palmer, He's, Galiano Tiramani, Zach Punnett, Punnett, Tiramani, What's, Paolo, Boxabl Galiano, Paolo Tiramani, Peers, Helene, Ali Faraji, Faraji, wouldn't Organizations: Service, North Las, Business, Securities and Exchange Commission, SEC, Oklahoma City, Archdiocese, Regulators, Tesla Plaid Locations: North Las Vegas, California, Los Angeles, Joshua Tree, Fort Worth , Texas, Riverside , California, Guantanamo Bay, Arizona, Nevada, Oklahoma, California , Virginia , Nevada , Arizona , Utah, Hawaii, Canada, Atlanta, Aptos, Santa Cruz

☆ The Tesla chair was meant to rein in Elon Musk, but she's shunned the spotlight. A court ruling has dragged her into it.
▼ + stars: | 2024-02-21 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

Not every CEO in charge of a publicly traded stock market giant gets to act like Elon Musk . But her tenure as chair came in for criticism last month after a Delaware judge voided Musk's $55.8 billion pay package approved by the Tesla board in March 2018. At trial, Denholm was not sure whether the Disclosure Committee was fulfilling its obligations under the SEC Settlement," McCormick's opinion noted. AdvertisementMcCormick also drew attention to how Musk changed his title to "Technoking of Tesla" in March 2021. Musk is also seeking to reincorporate Tesla in Texas from Delaware following the court decision in the state on his pay package.

Persons: Elon, Robyn Denholm, Denholm, She'd, Tesla, Musk, Judge Kathaleen McCormick, Judge McCormick, that's, McCormick, Musk's, “, Technoking ”, Elon Musk, Antonio Masiello, ”, …, reincorporate Tesla Organizations: Juniper Networks, Telstra, Blackbird Ventures, Business, Securities and Exchange Commission, SEC, New York Times, Board Locations: Australian, Delaware, Tesla, Texas

☆ Opinion: This overshadowed Trump ruling may be the one that matters most
▼ + stars: | 2024-02-21 | by ( Opinion David Zurawik | ) edition.cnn.com time to read: +7 min

If shareholders approve the merger, it would enable Trump Media to go public and Trump to own a stake worth about $4 billion. In the US, a political party’s presidential nominee has never owned a major media platform worth so much. Furthermore, the possibility of this added Truth Social muscle for Trump arrives as right-wing MAGA messaging finds more outlets at the national and grassroots levels. And, while Trump has stuck with Truth Social, X has become a haven for right-wing conspiracies of all kinds. MAGA-friendly, right-wing media is growing at the grassroots level as well.

Persons: David Zurawik, Donald Trump, David Zurawik Mich Rouse, Trump, MAGA, Jay Ritter, Julia Nikhinson, Joe Biden, Lyndon Johnson, Johnson, John F, Kennedy, Lady Bird, Elon Musk, Tucker Carlson, Vladimir Putin, Carlson, Megyn Kelly, Eric Bolling, That’s, David Smith, Sinclair Organizations: Goucher College, Baltimore Sun, CNN, Trump, Securities, Exchange Commission, SEC, Trump Media & Technology Group, Trump Media, University of Florida, Getty, Republican, Federal Communications Commission, Johnsons, Twitter, Facebook, Fox News, Russian, Fox, Tucker Carlson Network, Sinclair Broadcast Group, Digital Locations: Conway , South Carolina, AFP, Austin , Texas, Texas, Maryland

☆ Appeals court will rehear challenge to Nasdaq board diversity rule, putting mandate at risk
▼ + stars: | 2024-02-20 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

A federal appeals court agreed to rehear a challenge by two conservative groups to Nasdaq's board diversity rule related to the disclosure of women and minority membership on boards of companies listed on the stock exchange. The 5th Circuit U.S. Court of Appeals, in its order Monday night setting a rehearing, also vacated a decision in October upholding the Nasdaq rule by a three-judge panel from the appeals court, which encompasses Texas, Louisiana, and Mississippi. The Nasdaq rule requires companies to disclose details about the diversity of their boards of directors, and to either have a minimum number of women and minorities on their boards or explain why they do not. "NASDAQ's rule promotes racial discrimination and polarizing personal disclosures and it is to be hoped that this rule is struck down," Blum said. The SEC and Nasdaq did not immediately respond to requests for comment on the rehearing order.

Persons: Edward Blum, " Blum, Margaret Little Organizations: Times, NASDAQ, 5th Circuit U.S, of Appeals, Nasdaq, Securities, Exchange, Alliance for Fair, National Center for Public Policy Research, Fifth Circuit, SEC Locations: New York City, Texas, Louisiana, Mississippi

☆ Jim Chanos discusses his legendary Enron short bet more than two decades later
▼ + stars: | 2024-02-20 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Short seller Jim Chanos is best known for calling the collapse of Enron, the world's largest energy trading company at the time. "Because the news got worse and worse and worse, and every piece of incremental bad news was much worse than what we've been through." Here's one thing that might come as a surprise: Enron was not the only stock Chanos shorted and profited from during the episode. However, Chanos saw a big red flag in Dynegy that make him bet against the stock, which eventually plunged 90%. Watch the full video above to learn about Chanos' legendary Enron bet.

Persons: Jim Chanos, Chanos, Dynegy, Jeffrey Skilling, Warren Buffett's, —, Michael Burry, Morgan Stanley's Organizations: Enron, U.S . Securities, Exchange Commission, CNBC, Warren, Warren Buffett's Berkshire, Nvidia, There's

☆ Bitcoin stages a $1 trillion comeback
▼ + stars: | 2024-02-20 | by ( Anna Cooban | ) edition.cnn.com time to read: +2 min

London CNN —Bitcoin is back with a $1 trillion dollar bang. In contrast to traditional currencies, the supply of bitcoin is limited and is expected to peak in 2140, according to the price-tracking website for cryptocurrencies. The value of bitcoin has risen nearly 13% since January 10, when US regulators gave the green light to investment firms wishing to offer such funds. In January, before approving bitcoin exchange-traded funds, Gary Gensler, chair of the US Securities and Exchange Commission, said on X: “A number of major platforms & crypto assets have become insolvent and/or lost value. Investments in crypto assets continue to be subject to significant risk.”

Persons: London CNN — Bitcoin, ” Gareth Rhodes, Gary Gensler, ” Organizations: London CNN, cryptocurrencies, CNN, New York State Department of Financial Services, US Securities and Exchange Commission Locations: CoinMarketCap, bitcoin

☆ We're debating buying Palo Alto's sharp post-earnings drop. Here's what we're considering
▼ + stars: | 2024-02-20 | by ( Jeff Marks | ) www.cnbc.com time to read: +9 min

Palo Alto Networks has been at the forefront of this trend because it's the best-of-breed in 21 categories. PANW 1Y mountain Palo Alto Networks 1 year However, we're not going to try to go in and out of Palo Alto. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. Nikesh Arora, Palo Alto Networks Adam Galica | CNBC

Persons: billings, Nikesh Arora, Arora, We've, Jim Cramer, we're, –, I'm, Jim, Let's, Jim Cramer's, Galica Organizations: Palo Alto Networks, Revenue, LSEG, billings, Alto Networks, Securities and Exchange Commission, SEC, Palo, CNBC Locations: U.S, cybersecurity, billings, Palo, Palo Alto

☆ Labor coalition accuses Starbucks of 'flawed' union strategy, risking shareholder value
▼ + stars: | 2024-02-20 | by ( Kate Rogers | ) www.cnbc.com time to read: +8 min

The coalition is pushing to replace three current Starbucks board members with its own nominees. The SOC proxy presentation claims the company's board has backed what it calls an "unnecessarily confrontational" strategy with the union. Starbucks said it has not only a new CEO, but with these additions, it has added five new board members in the past year. The proxy presentation targets three current Starbucks board members: Ritch Allison, Andy Campion and Jørgen Vig Knudstorp. Allison, Campion and Knudstorp, specifically, provide "continuity and highly-valuable unique perspectives," the Starbucks presentation said.

Persons: Baristas, Nielsen, Maria Echaveste, Joshua Gotbaum, Wilma Liebman, Daniel Servitje, Neal Mohan, Mike Sievert, Ritch Allison, Andy Campion, Jørgen Vig Knudstorp, Allison, Campion, Knudstorp, Wendy's, Narasimhan Organizations: Starbucks, CNBC, Organizing Center, U.S . Securities, Exchange Commission, National Labor Relations Board, NLRB, Starbucks Corporation, Siren Retail, Service Employees International Union, Starbucks Workers United, Communications Workers of America, United Farm Workers of America, Chipotle, Darden, Restaurant Brands, Yum Brands, White House, Hawaiian Airlines, White, Grupo Bimbo, YouTube, Mobile, SEC Locations: Buffalo, Arlington , Virginia, China, U.S

☆ Warren Buffett's Berkshire keeps new stock pick secret — again. Here's what it means
▼ + stars: | 2024-02-18 | by ( Yun Li | ) www.cnbc.com time to read: +4 min

A new stock pick from the 93-year-old Buffett almost always leads some investors to follow suit, quickly moving the share price. Berkshire has been a longtime shareholder in credit rating agency Moody's , and bought a big stake in Citigroup in early 2022. The last financial stock Berkshire bought was Capital One Financial in the first quarter of 2023. If the new stake ever exceeds 5% of whatever stock it is, Berkshire would be required to report its holding with the SEC. Buffett might be asked to reveal the identity of the mystery stock at Berkshire's annual shareholder meeting in early May.

Persons: Warren Buffett, Berkshire Hathaway, Buffett, Todd Combs, Ted Weschler, Berkshire's, Goldman Sachs, David Kass, University of Maryland's Robert H, Jamie Dimon, Kass, there's Organizations: Berkshire, The Securities, Exchange, Chevron, Verizon, Apple, Buffett, Bank of America, American Express, Citigroup, Mastercard, Visa, JPMorgan, U.S . Bancorp, Bank of New York Mellon, University of Maryland's, Smith School of Business, outperforming Bank, SEC Locations: Omaha, Berkshire, McLean, Va, Wells, outperforming

“It isn't just sort of creepy,” said Washington state Rep. Vandana Slatter, the sponsor of a law her state adopted last year to rein in unauthorized use of health information. X-Mode was also found to have sold location data to the U.S. military. In Virginia, legislation that would prohibit the issuance of search warrants, subpoenas or court orders for electronic or digital menstrual health data recently cleared both chambers of the Democratic-controlled General Assembly. “The next step to enforcing an abortion ban could be accessing menstrual health data, which is why I’m trying to protect that data,” Favola said in a committee hearing. “The software supply chain is extremely polluted with location tracking of individuals,” he said.

Persons: Roe, ”, Vandana Slatter, “, Albert Fox Cahn, Sen, Ron Wyden, Wyden, He’s, It's, Washington's, Andrea Frey, Democratic Sen, Barbara Favola, Glenn Youngkin, ” Favola, Favola, “ It’s, Republican Sen, Mark Peake, Youngkin's, Sean O'Brien, he's, ___ Mulvihill, Frank Bajak, Sarah Rankin Organizations: Democratic, Supreme, Wade, Oregon Democrat, Intelligence, The Veritas Society, Wisconsin, Federal Trade Commission, Securities Exchange Commission, FTC, ., Democrat, Republicans, Connecticut, Assembly, Virginia Gov, Republican, Yale Privacy, Associated Press Locations: U.S, Washington, Oregon, Wisconsin, Massachusetts, Nevada, York, California, Maryland, ” Illinois, Hawaii , Illinois, Maine , Maryland , Massachusetts , Missouri, South Carolina, Vermont, In Virginia, Cherry Hill , New Jersey, Boston, Richmond , Virginia

Search resuls for: "Exchange Commission"

25 mentions found