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In today's big story, billionaire Ken Griffin has some advice for President-elect Donald Trump, including a suggestion for his Treasury pick . While speaking Thursday at the Economic Club of New York, Griffin said he appreciates the importance of those issues to Americans but said aggressive tactics to address them could make things work. Griffin is one of the biggest donors to the Republican Party, but declined to publicly endorse either presidential candidate this year. AdvertisementModeration hasn't been the name of the game for Trump with some of his proposed policies. AdvertisementHe said he'd be open to selling a minority stake in his hedge fund to the right partner.
Persons: it's, Ken Griffin, Donald Trump, Trump Ken Griffin, Mike Blake, Insider's Bradley Saacks, Michelle Abrego, Griffin, Manny Roman, Trump, Marc Rowan, Rowan, Alexander Tamargo, Thoma Bravo Griffin, he'd, Zalubowski, Chelsea Jia Feng, Elon, Paul, Tyson, Megyn Kelly, Tucker Carlson Ron Antonelli, Chip Somodevilla, Rebecca Zisser, Tucker Carlson, Bari Weiss, BI's Peter Kafka, Chris Balfe, Ridley Scott's, You've, Dan DeFrancesco, Jack Sommers, Grace Lett, Ella Hopkins, Amanda Yen, Milan Sehmbi Organizations: Business, Treasury, Trump, Citadel, Milken, Global Conference, Reuters, Economic, of New, Republican Party, Citadel Securities, Sequoia, Millennium Management, BlackRock, Chelsea, Getty, Netflix, Bank of America, NY Daily, Fox News, Auto, Ford, GM, Volkswagen Locations: Beverly Hills , California, U.S, of New York, Montreal, New York, London, Chicago
The Tokyo Tower, left, and commercial and residential buildings in Minato district of Tokyo, Japan, on Saturday, Oct. 1, 2022. Photographer: Akio Kon/Bloomberg via Getty ImagesAsia-Pacific markets were set to open higher Friday, tracking a rally on Wall Street, with the S&P logging gains for a fourth straight day. Investors in Asia will assess Japan's October consumer price index data. Singapore is also set to release its third-quarter GDP data, with growth anticipated to accelerate to 4.6% year on year from 4.1% in the prior quarter, according to LSEG data. Hong Kong's Hang Seng index futures were flat from its last close at 19601.11.
Persons: Akio Kon Organizations: Bloomberg, Getty Images, Investors, Reuters, Nikkei Locations: Tokyo, Minato district, Japan, Getty Images Asia, Pacific, Asia, Singapore, Chicago, Osaka, 19601.11
It is very unusual for Chinese businesspeople to take public aim at the government and those who have done so have often faced repercussions. In particular, Pinduoduo’s pricing system has done great harm to China’s brands and its industries,” he was quoted as saying by state-owned media outlet The Paper. In further remarks from the same press conference that were not widely reported by state media, Zhong singled out the Chinese government for not doing more to stop the trend. CNN has reached out to Nongfu Springs and PDD (PDD) for comment. A worker prepares to transfer packages after sorting at a warehouse for an e-commerce company in Beijing on November 11, 2024.
Persons: Hong Kong CNN —, Zhong Shanshan, Zhong, Pinduoduo, Alibaba, Jack Ma, Ma, Colin Huang, Wang Zhao, Zhong’s, Huang Organizations: Hong Kong CNN, PDD Holdings, Sina Technology, CNN, Ant Group, Alibaba, Getty, Bloomberg Locations: China, Hong Kong, Beijing, AFP
In federal court, the music mogul Sean Combs is facing a sweeping indictment that accuses him of running a criminal enterprise that engaged in sex trafficking and racketeering conspiracy. Online, a cottage industry of amateur sleuths, speculators and self-described past associates have accused him, often with little grounding, of far worse. After Mr. Combs was charged in September, the social media theorizing about rampant celebrity debauchery and additional victims only grew more feverish and conspiratorial. Soon, a man began showing up on true crime podcasts claiming he had been given videos that showed sexual encounters involving Mr. Combs and a variety of other stars, including some he said looked to be inebriated and underage. Media outlets have received anonymous emails offering to negotiate deals to provide the supposed footage, but none have published any images and it remains unclear whether such videos even exist.
Persons: Sean Combs, Combs, Mr Organizations: Media
CNN —The weather at Huntington Bank Field was the main talking point as the Cleveland Browns hosted division rivals Pittsburgh Steelers on Thursday Night Football. Steelers kicker Chris Boswell opened the scoring with a 48-yard field goal in the second quarter. 1st quarter 🆚 4th quarter pic.twitter.com/yjG7f0pHjU — Cleveland Browns (@Browns) November 22, 2024Despite the conditions, Cleveland extended its lead in the fourth quarter after Browns quarterback Jameis Winston dove into the endzone for a two-yard score and later successfully completed a two-point conversion to make it 18-6. Pittsburgh Steelers players Nick Herbig and Patrick Queen celebrate a fumble against the Cleveland Browns in the fourth quarter. — Cleveland Browns (@Browns) November 22, 2024As Cleveland celebrated the win, it appeared Steelers wide receiver George Pickens and Browns cornerback Greg Newsome got into scuffle, but it was quickly broken up.
Persons: Nick Chubb, Chris Boswell, Chubb, Cleveland, Myles Garrett, ove, lew, ake, ickens, eason, alf, ike, enver Organizations: CNN, Huntington Bank, Cleveland Browns, Pittsburgh Steelers, Browns, Steelers, ard, ust, ue O, eads Locations: ried, ife
The Far East Shopping Center on Orchard Road in Singapore, on Thursday, April 11, 2024. Bloomberg | Bloomberg | Getty ImagesThe Far East Shopping Center along Singapore's Orchard Road has seen better days. Orchard Road, Singapore's main shopping street, is 2.2 km (1.3 miles) long but much of the activity takes place in the middle of the stretch as well as at selected malls linked via underground walkways to subway stations. Far East Shopping Center isn't connected to Orchard MRT unlike several of its neighbors. Two of the properties, the voco Orchard hotel and Forum The Shopping Mall, share some 180 meters of frontage along Orchard Road.
Persons: Ong Beng Seng, hasn't, CDL, Singapore's URA, URA, Richard Goh, Rasa Singapura, Sukanto Tanoto, Du Shuanghua, Jeremy Lake Organizations: Shopping, Bloomberg, Getty, Shopping Center, Singapore Botanic Gardens, Urban Redevelopment, Properties, Singapore, Developments, CDL Hospitality, Arts, CNBC, Singapore Botanic, Pacific Eagle, Food, Savills Singapore, Concorde Locations: Orchard, Singapore, Delfi Orchard, Istana Park, Canning, HPL
While Anthropic and OpenAI continue to raise significant sums, some smaller companies have essentially been folded into Google and Microsoft. U.S. regulators are also scrutinizing the multibillion-dollar investments that Microsoft, Amazon and Google are putting into A.I. But the deals are seen as allowing the big companies to form deep ties with their smaller rivals while avoiding most government scrutiny. Like OpenAI, Anthropic is a developer of so-called generative A.I., the technology capable of learning from vast amounts of data to create humanlike text and images. Anthropic has tried to position itself as one of the more responsible actors in the field of A.I.
Persons: OpenAI, Anthropic’s Claude, Anthropic Organizations: Google, Microsoft, The New York Times, The Times Locations: U.S
Jaguar new logo Courtesy: JaguarLuxury carmaker Jaguar has defended a rebrand that drew widespread criticism on social media this week. In a release, Jaguar said the media showcased its "dramatic new creative philosophy," branded "Exuberant Modernism," which will "inspire future vehicles." Three new electric models are expected from the company in the coming years, including a four-door GT car expected to have a six-figure starting price. We wanted to move away from traditional automotive stereotypes," Jaguar managing director Rawdon Glover told the Financial Times in an interview published Friday. A parked car featuring the existing Jaguar logo pictured on Monday, January 25, 202.
Persons: Jaguar, Gary Jenkins, they've, Rawdon Glover, Glover Organizations: Tata Motors, Rover, Facebook, CNBC, Jaguar, Miami Art, Financial Times, Nurphoto, Getty
The two ensembles that Ariana Grande wore on "The Tonight Show Starring Jimmy Fallon" weren't her best. Ariana Grande appears on the June 6 episode of "The Tonight Show Starring Jimmy Fallon." Though Grande's outfit was classic, especially paired with sheer tights and white Jimmy Choo heels, the garment was altered drastically from its runway state, which made it less unique. The musician later changed into a black, asymmetrical Mugler outfit, which was more interesting in shape and style. Unfortunately, the lace cat mask she wore across her face made the outfit look too much like a costume.
Persons: Ariana Grande, Jimmy Fallon, weren't, Jimmy Choo Organizations: NBC, Balmain
CNN —Russia’s use of a nuclear-capable ballistic missile on Thursday is the latest escalation in the Ukraine war. The use of what Vladimir Putin said was a ballistic missile with multiple warheads in offensive combat is a clear departure from decades of the Cold War doctrine of deterrence. Ballistic missiles with multiple warheads, known as “multiple independently targeted reentry vehicles,” or MIRVs, have never been used to strike an enemy, experts say. Aftermath of Russian missile strike in Dnipro, Ukraine, on November 21, 2024. Pakistan reportedly tested a missile with multiple warheads in 2017, and earlier this year India said it had successfully tested a MIRVed ICBM.
Persons: Vladimir Putin, MIRV, ” Hans Kristensen, Kristensen, Matt Korda, , Manish Swarup, Korda, ” Kristensen Organizations: CNN, West, Federation of American, Russian, Ballistic, Federation of American Scientists, Union of Concerned Scientists, Center for Arms Control, AP Locations: Ukraine, Dnipro, That’s, US, Ukrainian, Russia, United States, Europe, China, United Kingdom, France, Pakistan, India, New Delhi, North Korea
Advertisement"Wicked," the movie, is based on "Wicked," the hit 2003 Broadway musical. Cynthia Erivo and Ariana Grande play Elphaba and Glinda, roles originated by Idina Menzel and Kristin Chenoweth. Here's what you need to know about how the movie pays homage to the musical. Jon M. Chu's "Wicked" film is a reboot of one of the longest-running Broadway shows of all time — and it pays its respects to that history through a long-rumored cameo. Idina Menzel, Cynthia Erivo, Ariana Grande, and Kristin Chenoweth posed together at the "Wicked" premiere.
Persons: Cynthia Erivo, Ariana Grande, Idina Menzel, Kristin Chenoweth, Jon M, Gregory Maguire's, Frank Baum's, Oz, Elphaba, Glinda, Menzel, Chenoweth, Glinda — Cynthia Erivo, Amy Sussman, Kristen Chenoweth, Madame Morrible, they're, — Menzel, Erivo, Grande, Cheekily, Kristin Organizations: Broadway, Emerald City, Shiz University, Entertainment Locations: Emerald, Emerald City, Erivo, Angeles
AdvertisementTrump's proposed tariffs could raise costs for hardware startups making physical goods. Hardware startups rely on a host of manufacturers that are mostly based in China. When China-based manufacturers ship the final products back, the hardware startups may get hit with levees of up to 60 percent on goods from China, according to Trump's statements during his campaign. AdvertisementThe impact on startups: 'We're done here'In the aftermath of Trump's election win, euphoria is sweeping through the business world. AdvertisementHe said he's worried about the potential for Trump tariffs to spark a recession.
Persons: Donald Trump's, Nikhil Basu Trivedi, Jared Friedman, Combinator, Friedman, Graham Anderson, Marc Andreessen, Elon Musk, Bradley Tusk, Santosh Sankar, Trump's, Tim Cook, Cook, Donald Trump, Ivanka Trump, Steven Mnuchin, Mandel Ngan, Alan Deardorff, Trump, Deardorff, he'll, Lea Suzuki, Spencer Penn, Tesla, Penn, , Chris Van Dyke's, he's, Van Dyke Organizations: Investors, Elon, Washington Post, Washington, Dynamo Ventures, Apple, Trump, Mac, Getty, Big Tech, University of Michigan, Tesla, San Francisco Locations: China, Asia, When China, Flexport, Austin , Texas, AFP, Fremont , California, Europe
These additives, along with high levels of sugar, salt and fat, help create the overwhelming lure of ultraprocessed foods. Ultraprocessed foods are typically high in added sugars, fats and salt; low in dietary fiber; and full of chemical additives, such as artificial colors, flavors and stabilizers. “There’s a lot of debate about whether or not all ultraprocessed foods are bad for you,” Hall said. Reduce intake of ultraprocessed foods — it’s really that simple.”Unfortunately, advisory committees are instructed to make recommendations using only the strictest science, Nestle added. It takes two overflowing trays of a mix of minimal and ultraprocessed foods to match the same energy density as one trayful of ultraprocessed foods.
Persons: Sam Srisatta, Srisatta, , Kevin Hall, Bert Lahr, Oz, , Jeff Greenberg, ” Hall, Marion Nestle, Paulette Goddard, Nestle, Hall, ” Nestle, “ It’s, It’s, LaMotte, Walter Willett, ” Willett, Dr, Fatima Cody Stanford, ’ ” Stanford, Deirdre Tobias, ” Tobias, Robert F, Kennedy Jr, Donald Trump’s, Kennedy, Bonnie Liebman, Liebman, they’ve, ” It’s, Kevin Hall’s, it’s, ” Srisatta, Sara Turner, ” Turner, Tera Fazzino, Fazzino, Sam Srisatta’s, won’t Organizations: CNN, Unit, National Institutes of Health Clinical, National Institute of Diabetes, Diseases, Cowardly, US Food and Drug Administration, Universal, FDA, Volunteers, Nutrition, Food Studies, Public Health, New York University, , World Health Organization, US Department of Agriculture, US Department of Health, Human Services, Harvard, of Public Health, Disease Prevention, Health, Harvard Medical School, Massachusetts General Hospital, , , Brigham, Women’s Hospital, Assistance, SNAP, Center for Science, NIH, University of Kansas Locations: Bethesda , Maryland, Bethesda, Japan, United States, Chan, Boston, Massachusetts
Caiaimage/Paul Bradbury | Caiaimage | Getty ImagesWhen is a dupe an appropriate gift? Alternatively, "if it seems appropriate in the situation — if it is a more light-hearted gift — you can definitely go the dupe route," she said. 'It's a dupe for a reason'While some shoppers take pride in buying dupes, roughly 86% of shoppers have been disappointed by their purchase of a dupe, CouponCabin found. Shopping secondhand this seasonConsumers should make the same value considerations when buying secondhand, which has also become more popular, even for gifting. The majority, or 83%, of shoppers are also open to receiving secondhand gifts this holiday season, the report found.
Persons: Paul Bradbury, Caiaimage, Ellyn Briggs, Melanie Lowe, Lowe, CouponCabin, Lauren Beitelspacher, it's, Beitelspacher Organizations: Morning, Babson College, Pew Research Center, Facebook Locations: dupes, U.S
AdvertisementRussia has sent North Korea 1 million barrels of oil since March, according to satellite imagery analysis. An analysis of satellite images shows Russia defying sanctions to supply North Korea with at least one million barrels of oil this year, according to a new report. In the imagery, vessels would set out from North Korea riding high in the water, but on their return would appear fully laden, the group said. In this image marked up by the Open Source Centre, the Yu Son was deemed to be carrying oil to North Korea. The new findings also give further insight into the continued material exchanges between Russia and North Korea.
Persons: Yu Son, Yu, David Lammy, Ursula Hyzy, Vostochny, Kim Jong Un, Vladimir Putin, Kim, hasn't, Joseph Byrne, Kim it's, Joseph S, Bermudez Jr Organizations: North, BBC, Canadian Armed Forces, UN, UN Security, Getty, Reuters, Carnegie Endowment, Center for Strategic, International Studies Locations: Russia, North Korea, Korea, Ukraine, Vostochny, AFP
AdvertisementRussia fired what it said was a new type of ballistic missile at Ukraine this week. Russian President Vladimir Putin on Thursday said his military had fired a new type of missile at Ukraine, describing it as a test and also a warning to the West. The missile, described by the US as experimental, appears to have the range to hit targets elsewhere in Europe. Firefighters at the site of a Russian missile strike in Dnipro, Ukraine, November 21, 2024. He said​​ Russia "had the right" to strike countries that gave Ukraine weapons that hit Russia.
Persons: Putin, Vladimir Putin, Sabrina Singh, Matthew Savill, Mick Ryan, Efrem Lukatsky Jakub Janda, Pavel Podvig, , Volodymyr Zelenskyy, MIKHAIL METZEL, Fabian Hoffmann, Ryan, Farah Dakhlallah Organizations: Firefighters, Press Service, State Emergency Service of, Getty, Center for Arms Control, Financial Times, Royal United Services Institute, Associated Press, Australian Army, BBC, AP, European Values Center, Security, UN Institute for Disarmament Research, Oslo Nuclear Project, Reuters, Australian, NATO Locations: Ukraine, Dnipro, Europe, Russian, State Emergency Service of Ukraine, Dnipropetrovsk Region, Anadolu, United Kingdom, Russia, Moscow, Oslo
London CNN —The coronation of King Charles III and Queen Camilla held in May last year cost British taxpayers £72 million ($91 million), an amount some have labeled excessive. The £72 million spent on the coronation could have paid for 24 million free meals for schoolchildren in London, based on the city government’s current budget of £3.00 ($3.75) per meal. Some additional spending came from the Privy Purse, the monarch’s private source of income, a royal source told CNN. “Plans (for the coronation) were scaled back,” the royal source told CNN. The culture department, in its accounts, said it had underspent its budget on the coronation by £2.8 million ($3.5 million).
Persons: King Charles III, Queen Camilla, Queen Elizabeth II, Finnbarr Webster, , Graham Smith, Sovereign Grant —, Sovereign Grant, , Elizabeth II’s, Max Foster Organizations: London CNN, Department for Culture, Media, Sport, Home Office, Volunteers, Republic, CNN, Sovereign, CNN’s Royal Locations: United Kingdom, Weymouth , England, British, London, Lancaster, London’s Westminster
In "Gladiator," Lucius is just a child — here's what you need to know about him. In "Gladiator II," Paul Mescal's Lucius is a vengeful heir to the throne who's out for blood — but in the first "Gladiator" film, his character is just an innocent child who mucks up his parents' coup d'état. Compared to his appearance in the first film, Lucius is a bit difficult to recognize. Here's what you need to know about Lucius, and how Mescal's storyline in "Gladiator II" connects to the first film. "Gladiator II" reveals that Maximus was really Lucius' father.
Persons: Paul Mescal, Lucius Verus, Lucius, Maximus, Paul Mescal's Lucius, mucks, Ridley Scott's, Russell Crowe, Joaquin Phoenix . Long, Maximus Decimus Meridius, Crowe, Emperor Commodus, Phoenix, Empress Lucilla, Connie Nielsen, Denzel Washington, Macrinus, Aidan Monaghan, Marcus Aurelius, Commodus, Lucilla, Spencer Treat Clark, Rome, haggard, Marcus Acacius, Pedro Pascal, Denzel, Rome —, Lucilla — Lucius Organizations: Paramount, DreamWorks, Denzel Washington, Universal Locations: Rome, Numidia, North
And in Alaska recently, MREs have found new fans: Hungry bears who broke into a storage room at Joint Base Elmendorf-Richardson to feast on the military rations. JBER Wildlife Conservation Law Enforcement OfficeBut bear requirements and human ones are way different. Joint Base Elmendorf-Richardson Wildlife Conservation Law Enforcement personnel responded to a report of a bear being inside a motor pool building. JBER Wildlife Conservation Law Enforcement OfficeIn another incident on November 2, JBER personnel responded to a bear inside a motor pool building. “When more natural food for bears like berries, crabapples and salmon become scarce, bears will seek other sources,” explained James Wendland, JBER wildlife conservation law enforcement officer with the 673d Civil Engineer Squadron.
Persons: CNN —, Richardson, , , James Wendland Organizations: CNN, Base Elmendorf, Conservation, bruin, Defense Logistics Agency, Richardson Wildlife Conservation, 673d Civil Engineer Squadron, “ Bears Locations: Alaska, Anchorage .
Carpenter Technology has multiple avenues of growth over the next few years, according to JPMorgan. Analyst Bennett Moore initiated coverage of the U.S.-based stainless steel and alloys manufacturer with an overweight rating and a price target of $220. "Shares have rallied ... on the back of strong demand, solid execution, and an attractive earnings outlook, and we feel the company is well positioned to capture further upside," Moore said in a Thursday note. Moore's investment thesis is built on the company's robust demand for its mostly customer-specific premium products, which he said gives Carpenter strong pricing power and supported its position as an "indispensable supplier." Carpenter Technology steel alloy making.
Persons: Carpenter, Bennett Moore, Moore, Tim Leedy Organizations: Carpenter Technology, JPMorgan, Carpenter's, Medianews, Getty Locations: U.S
In the emerging AI software battle between Microsoft and Salesforce , investors do not need to pick a side. The announcements came roughly one year after the tech giant launched a suite of AI assistant tools called Microsoft 365 Copilot. Both companies leaning into AI agents is notable because Salesforce CEO Marc Benioff has not been hesitant to attack Microsoft's competing AI offerings. Salesforce stock is up 28% year to date versus Microsoft's roughly 9% gain since the start of 2024. I don't want to go against Microsoft," Jim said.
Persons: Jim Cramer, , Marc Benioff, Benioff, who's, Satya Nadella, Nadella, They're, We've, Salesforce, Slack, Agentforce, Jim, it's, Jim Cramer's, Salesforce's Dreamforce, Justin Sullivan Organizations: Microsoft, Deutsche Bank, Club, CNBC, Getty Locations: Agentforce, Salesforce's, Mulesoft, San Francisco , California
The atlas suggests ovaries are an untapped, rapid way to study human longevity treatments. Or, more specifically, test them out on aging ovaries, whether in well-controlled human studies, in the ovaries of mice, or in donor tissue samples. It shows that ovarian aging is a great proxy for overall human aging at a molecular level — ovarian aging is just happening several decades earlier, and very rapidly. So more and more people are paying attention to this concept of ovarian aging and considering it as a true aging process." Her study displays in fine cellular and molecular detail how human ovaries age, and how genetics impact the process.
Persons: Yousin Suh, Suh, Francesca Duncan, Duncan, It's Organizations: Columbia University, Northwestern University, Getty Locations: perimenopause
Morris, like thousands of other customers, was snared in the collapse of a behind-the-scenes fintech firm called Synapse and has been locked out of her account for six months as of November. Then she learned how much Evolve Bank & Trust, the lender where her funds were supposed to be held, was prepared to return to her. The crisis started in May when a dispute between Synapse and Evolve Bank over customer balances boiled over and the fintech middleman turned off access to a key system used to process transactions. Synapse helped fintech startups like Yotta and Juno, which are not banks, offer checking accounts and debit cards by hooking them up with small lenders like Evolve. But that would've required more coordination between Evolve and the other lenders that held customer funds than what ultimately happened.
Persons: Oscar Wong, Kayla Morris, Morris, Andreessen Horowitz, Jelena McWilliams, Zach Jacobs, there's, Yotta, Adam Moelis, they've, Jacobs, Andrew Meloan, Meloan, I've, ” Zach Jacobs, McWilliams, McWilliams didn't, Rayburn, Tom Williams, hadn't, Judge Martin Barash, Natasha Craft, they're, Andreatte Caliguire Organizations: Evolve Bank & Trust, Synapse, Evolve Bank, ., CNBC, FedEx, Evolve, Deposit Insurance Corp, U.S, FDIC, Trump, Federal Reserve, Federal Deposit Insurance Corporation, Financial, Prudential Regulators, Megabanks, Depository, CQ, Inc, AMG, Lineage Bank, American Bank, Indiana FedEx Locations: Texas, Tampa , Florida, Yotta, Chicago, California, Mishawaka , Indiana
Top 10 S&P 500 stock winners since Election Day
  + stars: | 2024-11-22 | by ( Greg Iacurci | ) www.cnbc.com   time to read: +4 min
Michael M. Santiago | Getty Images News | Getty ImagesMany large U.S. companies have seen their stocks swell since the presidential election. The top 10 performing stocks in the S&P 500 index saw returns of 18% or more since Election Day, according to data provided by S&P Global Market Intelligence, which analyzed returns based on closing prices from Nov. 5 to Nov. 20. The 'Elon Musk premium'And then there's the Elon Musk factor. Tesla's stock got an "Elon Musk premium" from Trump's victory, said Goldberg of Professional Advisory Services. Shares of the electric-vehicle maker soared 14% the day after the election and almost 30% by week's end.
Persons: Michael M, Elon Musk, Donald Trump —, Jeremy Goldberg, Goldberg, Jacob Manoukian, Rosy, outperformance, David Glazer, Paul Moseley, Vistra, Stacey Doré, Elon, Trump, Donald Trump, Chris Unger Organizations: New York Stock Exchange, Santiago, Getty, P Global Market Intelligence, Professional Advisory Services, Inc, Trump, Deregulation, Morgan Private Bank, Companies, Warner Bros ., Max, Disney, Walt Disney Co, Palantir Technologies, Fort Worth Data, Fort Worth Star, Tribune, Service, Vistra Corp, Tech, Elon, Professional Advisory Services ., of Government, week's, UFC, Madison, Garden, Ufc Locations: U.S, Texas, , Texas , Pennsylvania, Ohio, New York
JPMorgan says this steelmaker could gain more than 20% from here
  + stars: | 2024-11-22 | by ( Pia Singh | In | ) www.cnbc.com   time to read: +2 min
Carpenter Technology has multiple avenues of growth over the next few years, according to JPMorgan. Analyst Bennett Moore initiated coverage of the U.S.-based stainless steel and alloys manufacturer with an overweight rating and a price target of $220. "Shares have rallied ... on the back of strong demand, solid execution, and an attractive earnings outlook, and we feel the company is well positioned to capture further upside," Moore said in a Thursday note. Moore's investment thesis is built on the company's robust demand for its mostly customer-specific premium products, which he said gives Carpenter strong pricing power and supported its position as an "indispensable supplier." Carpenter Technology makes stainless steel and alloys, including a steel alloy used in manufacturing high-end knives.
Persons: Carpenter, Bennett Moore, Moore, Tim Leedy Organizations: Carpenter Technology, JPMorgan, Carpenter's, Medianews, Getty Locations: U.S
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