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☆ Stocks making the biggest moves midday: Netflix, Apple, CVS Health, Lamb Weston, U.S. Cellular and more
▼ + stars: | 2024-10-18 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

Separately, CVS issued third-quarter adjusted earnings guidance between $1.05 and $1.10 per share, far weaker than the FactSet consensus estimate of $1.69 a share. MGP Ingredients — Shares tumbled 26% after MGP Ingredients, a distilled spirits producer, issued preliminary third-quarter earnings and revenue guidance that missed expectations. Earnings of $1.23 per share missed the FactSet consensus estimate of $1.34 in earnings per share. Comerica reported $1.33 in earnings per share, compared to $1.17 per share expected by analysts, according to FactSet. Still, adjusted earnings of 89 cents per share beat the expected earnings per share of 88 cents.

Persons: Lamb Weston —, Jana Partners, Lamb Weston, David Joyner, Karen Lynch, LSEG, LSEG ., Riley, Ally, FactSet, — CNBC's Sean Conlon, Michelle Fox, Alex Harring, Hakyung Kim, Jesse Pound Organizations: Netflix, U.S . Cellular, Telephone, Data Systems, U.S, Cellular, Verizon Communications, CVS, MGP, American, Apple —, Bloomberg, Counterpoint Research, Western, Western Alliance, LSEG, LSEG . Fifth Third, Fifth Third Bancorp, Comerica, Holdings Locations: U.S, China

☆ Johnny Gaudreau and brother Matthew honored at Blue Jackets home opener
▼ + stars: | 2024-10-16 | by ( Liz Calvario | Kavita Varma White | ) www.nbcnews.com time to read: +3 min

Johnny Gaudreau and his brother Matthew Gaudreau were honored at the Columbus Blue Jackets opening home game. Johnny Gaudreau’s wife, Meredith Gaudreau, was in attendance, along with their 2-year-old daughter Noa and 7-month-old son Johnny, who were wearing No. A tribute video of Johnny Gaudreau’s early beginnings and hockey career was shown, with the late star talking about his love for the game. During the night, there were various opportunities to raise funds for the John and Matthew Gaudreau Foundation, including a jersey auction, raffle and lapel pin sales. Johnny and Matthew Gaudreau were riding bikes when they were struck by an alleged drunk driver, resulting in their deaths, according to police.

Persons: Johnny Gaudreau, Matthew Gaudreau, Johnny Gaudreau’s, Meredith Gaudreau, Noa, Johnny, didn’t, John, ”, Dustin Lynch, “, Justin Jeso, Kygo, “ Johnny, Matthew Gaudreau’s, Madeline Gaudreau, husband’s, Johnny ”, Matty, Madeline, ” Madeline Gaudreau, john, Noa’s Organizations: Columbus Blue Jackets, NHL, Florida Panthers, Old Dominion, Blue Jackets, Nationwide Arena, Matthew Gaudreau Foundation Locations: Old, Columbus

☆ I broke into venture capital at 22 and became a partner by 28. I learned one easy, surefire way to move up the ranks.
▼ + stars: | 2024-10-15 | by ( Suzanne Reilley | ) www.businessinsider.com time to read: +8 min

Olivia Gaudree started working at Fuel Venture Capital as an intern in her early 20s. She worked her way up the ranks and became a partner in under seven years at 28. AdvertisementThis as-told-to essay is based on a transcribed conversation with Olivia Gaudree, a 28-year-old partner and VP of Operations at Fuel Venture Capital. Networking helped me land my job in venture capitalAt my high school hedge fund internship, I met Maggie Vo, now the managing general partner at Fuel Venture Capital, and got to know her well. Some firms offer entry-level positions within the investment team, but they aren't common.

Persons: Olivia Gaudree, Gaudree, —, Maggie Vo, Maggie, Jeff Randsell, he'd, Merrill Lynch, I'm, I've, it's, It's Organizations: Fuel Venture, Service, Fuel Venture Capital, Business, Florida State University, Thomson Reuters, Networking, Fuel Locations: New York

☆ Don't let September's jobs report fool you — the labor market is still deteriorating at a worrying rate, economists warn
▼ + stars: | 2024-10-13 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

Small businesses also face tight credit conditions and are slowing hiring. AdvertisementThe September payrolls report seemed to switch the investor narrative around the labor market on a dime. Given the usual lags involved between changes in rates and activity, things will probably get worse for small businesses before they get better." "The labor market is not out of the woods just yet, and I continue to see another hiccup in the jobs market before year-end," Dutta wrote. AdvertisementStill, it's unclear how much pressure the labor market will come under in the months ahead.

Persons: —, bearish David Rosenberg, Rosenberg, Merrill Lynch, Samuel Tombs, Tombs, Neil Dutta, Dutta Organizations: Service, Fed, September's, Rosenberg Research, Pantheon, Macro Research, The Conference Board

☆ A 32-year market vet shares 5 labor market indicators showing the US economy is barreling toward a recession — putting an overvalued stock market at risk for major declines
▼ + stars: | 2024-10-12 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

This is while S&P 500 valuations remain high, putting the market at risk for big declines. In a September note, Wolfenbarger shared the below chart from Bank of America showing 19 of 20 valuation measures they monitor as being overvalued. That means the S&P 500 would have to fall 60% just to return to the historical average. But it's still unclear how accurate the September jobs data is. Future revisions and further lackluster jobs data could resume investor fears that a downturn is a serious potential threat.

Persons: Jon Wolfenbarger, —, Merrill Lynch, St, Louis Fed, Wolfenbarger, September's, it's, David Rosenberg Organizations: Service, Federal Reserve, Bureau of Labor Statistics, JPMorgan, Conference Board, Global, Bank of America, Rosenberg Research, Nvidia Locations: St

More than 500 people were rescued from an apartment complex in a non-evacuation zone in Clearwater overnight after Milton brought major flooding to the city, its mayor told CNN. “These people weren’t expecting this, but the rain came down so hard, so fast that it completely flooded this apartment complex,” he said. The next challenge will be finding shelter for the residents who are displaced from the complex, the mayor said. “We feel like we’ve had one major hurricane in two separate events. If you put it all together, it’s really, really tough for our entire community,” Rector said.

Persons: Milton, Clearwater Mayor Bruce Rector, “, ”, Rector, we’ve, it’s Organizations: CNN, Clearwater Mayor Locations: Clearwater

☆ The voters Harris wants to reach with her media blitz: From the Politics Desk
▼ + stars: | 2024-10-10 | by ( The Politics Desk | ) www.nbcnews.com time to read: +8 min

In today’s edition, senior White House reporter Peter Nicholas looks at where Kamala Harris' campaign thinks it can pick up support with the vice president's media blitz this week. Plus, senior political editor Mark Murray breaks down how Harris and Trump voters think "change" means very different things this election. They want to see her more, and we’re engaging with that and want to continue to do that,” a Harris campaign aide said. One of the sources described the Keystone State as a “problem spot” for the Harris campaign. Read more → Follow live updates from the campaign trail →That’s all from the Politics Desk for now.

Persons: Peter Nicholas, Kamala Harris, Mark Murray, Harris, Peter Nicholas Vice, Howard, Stephen Colbert’s “, “ We’ve, ”, Donald Trump’s, Miller, Colbert, she’s, ” Harris, Floridians, CBS’s, Trump, Read, Peter → 📈, hite, tate, ord, ake, rump., ike “, Rea, usk., shaw Organizations: NBC, White House, Capitol, Trump voters, CBS, Democratic, Weather Channel, CNN, Univision, USA, Suffolk University, aig Locations: Hurricane Milton, Las Vegas, Nevada, Arizona, ord, osh

☆ Watch CNBC's full interview with Shake Shack CEO Rob Lynch and Union Square's Danny Meyer
▼ + stars: | 2024-10-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Shake Shack CEO Rob Lynch and Union Square's Danny MeyerRob Lynch, Shake Shack CEO, and Danny Meyer, Union Square Hospitality Group founder, join 'Money Movers' to discuss overall restaurant demand, why earlier reservations are doing better, and much more.

Persons: Rob Lynch, Danny Meyer Rob Lynch, Shake, Danny Meyer Organizations: Shake Shack, Union, Square Hospitality Group

☆ Restaurant demand is 'better than ever', says Shake Shack founder Danny Meyer
▼ + stars: | 2024-10-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRestaurant demand is 'better than ever', says Shake Shack founder Danny MeyerRob Lynch, Shake Shack CEO, and Danny Meyer, Union Square Hospitality Group founder, join 'Money Movers' to discuss overall restaurant demand, why earlier reservations are doing better, and much more.

Persons: Danny Meyer Rob Lynch, Shake, Danny Meyer Organizations: Shake Shack, Square Hospitality Group

Learn moreThe Prime Big Deal Days event is on its second and last day, and there are still Prime Day SSD deals to be had on Amazon for your PC or PS5. Every SSD here can be used in a PC, but only the best SSDs for PS5 meet Sony's requirements (a storage minimum of 250GB with a sequential read speed of 5,500MB/s). It's still an extremely high performer, but it's not especially suited for PS5 storage expansion due to its slower-than-recommended speeds. View at AmazonWestern Digital 4TB WD_Black SN850X $254.72 $699.99 Save 64% WD_BLACK is the premier name in solid-state drive technology, especially for gamers. Check out our roundup of all of the best Prime Day deals, or browse Amazon's website for the full selection.

Persons: aren't, SSDs, it's Organizations: Business, Deal, Samsung Locations: 1TB

Learn moreWith Amazon's Prime Big Deal Days underway, some of the best Prime Day MacBook deals are live. For coverage of all the top sales for Prime Big Deal Days, take a look at our live roundup of the best Prime Day deals. Apple MacBook Air 13-inch M2 (2022) $749.00 $999.00 Save 25% The 2022 MacBook Air introduced Apple's M2 processor, which improved performance over the M1 version. From a portability standpoint, Apple's MacBook Air models are lighter, thinner, and more portable than MacBook Pro laptops at comparable display sizes. Check out our roundup of all of the best Prime Day deals, or browse Amazon's website for the full selection.

Persons: we'd, they're Organizations: Business, Amazon's, Deal, Apple, Apple MacBook, Air, MacBook, Highlights, Pro Apple, Pro

The last time we saw the PS5 Slim reduced to this price was in early August, and early June before that. The PS5 Slim (with disc drive) has been available for less in the past from third-party vendors, but we can't verify their reliability. The best Amazon Prime Day PS5 dealsSony PS5 Slim $449.00 $499.00 Save 10% The PS5 is one of the best consoles thanks to its powerful hardware, exclusives, and 4K Blu-ray drive. The only difference between the PS5 Slim with or without a disc drive is, indeed, the disc drive. That said, you can buy an external disc drive for the PS5 Slim Digital Edition to add disc functionality.

Persons: Slim Organizations: Business, Sony PlayStation, Amazon, Deal, NBA, PS5, Sony, Slim Locations: Amazon

Learn moreAs the Amazon Prime Big Deal Days event kicks off, so do Prime Day monitor deals. View at AmazonThe best Amazon Prime Day gaming monitor dealsThe Samsung Neo G9 is 36% off, a fairly common deal for this model, but it's also often found at full price. However, it retains HDR1000 certification, a 1000R certification, AMD FreeSync Premium Pro, and a 240Hz refresh rate. It also has a blazingly fast 360hz refresh rate, making this an ideal high-end gaming monitor. It also supports HDR10 but its contrast performance can't match that of an OLED monitor.

Persons: We've, it's, OLED Organizations: Business, Amazon Prime, Deal, Gamers, Philips, LG, Dell, AMD, Samsung, Asus, Amazon Samsung, Amazon LG, Amazon, Amazon Dell Locations: Amazon

We're seeing huge Prime Day laptop deals, including big savings on gaming laptops, MacBooks, and more. Some of the best Prime Day laptop deals we've found include Lenovo's IdeaPad Slim 3i for 15% off, which was already an amazing value at full price. The best Amazon Prime Day gaming laptop dealsThe MSI Katana A15 for 18% off is an excellent deal that brings the upper-mid-range gaming laptop under $1,500. View at AmazonThe best Amazon Prime Day laptop dealsThe 14-inch HP laptop is an incredible deal at 29% off, bringing high-performance specs to $500. Check out our roundup of all of the best Prime Day deals, or browse Amazon's website for the full selection.

Persons: Slim Organizations: Business, Deal, Slim 3i, Amazon, Amazon Lenovo Legion 5i, Lenovo, Asus, MacBook, Apple MacBook, Air, Apple, Microsoft

☆ Investors slam the brakes on the hottest trade going in the market
▼ + stars: | 2024-10-08 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

But he did not announce any major new plans for ensuring economic health, leaving investors feeling underwhelmed. The iShares MSCI China ETF (MCHI) sank nearly 11%, on track for its worst day ever. The iShares China Large-Cap ETF, for example, soared 33% between Sept. 23 and Oct. 7. Morgan Stanley strategist Laura Wang on Tuesday revised price targets for the major Chinese stock market indexes, suggesting no room for further gains compared with current levels. "Today's press conference at least in the near term reinforces such belief, in our view, and the stock market could see more divergence at individual stock level."

Persons: Zheng Shanjie, Bilibili, Nio, Ray Dalio, FXI, Jeff deGraaf, David Tepper, Morgan Stanley, Laura Wang, Wang, Merrill Lynch, Helen Qiao, Xiangrong Yu, Yu Organizations: National, Reform Commission, CSI China Internet, Billionaire, Bridgewater Associates, Greenwich Economic, Appaloosa Management, U.S . Federal Reserve, Wynn Resorts, Sands, Macau — Locations: China, Greenwich, Greenwich , Connecticut, Beijing, Macau, Tuesday's, U.S

View at Amazon What we like Check mark icon A check mark. View at Amazon What we like Check mark icon A check mark. View at Amazon What we like Check mark icon A check mark. View at Amazon What we like Check mark icon A check mark. View at Amazon What we like Check mark icon A check mark.

Persons: Matte, Slim, It's Organizations: Business, Deal, Samsung, LG, Buyers, Shoppers, Fire, Alexa, Samsung S95D, Dolby, Sony, Panasonic, Toshiba

Apple iPad (9th Generation) $199.00 $329.00 Save 40% The 2021 9th-gen 10.2-inch iPad is great for those who need an iPad for simple and basic tasks, like streaming videos, browsing the web, and running apps. View at Amazon What we like Check mark icon A check mark. View at Amazon What we like Check mark icon A check mark. View at Amazon What we like Check mark icon A check mark. The featherweight, 8.3-inch iPad Mini offers ultimate portability, while the 13-inch iPad Air and iPad Pro boast the largest screens at the expense of portability.

Persons: Apple's, it's Organizations: Business, Prime, Deal, Apple, Apple iPad, iPad

View at Amazon What we like Check mark icon A check mark. Outdated Pixel designSamsung Galaxy S24 $599.99 $799.99 Save 25% The Galaxy S24 runs on the most powerful processor for Android phones in 2024. View at Amazon What we like Check mark icon A check mark. Includes unwanted bloatwareSamsung Galaxy S24 Ultra $997.48 $1,299.99 Save 23% The Galaxy S24 Ultra is Samsung's top-end phone in 2024, set apart from its Galaxy S24 siblings and most of the premium phone competition with its four cameras, giant 6.8-inch display, stunning battery life, and included S Pen stylus. View at Amazon What we like Check mark icon A check mark.

Persons: we've Organizations: Business, Prime, Deal, Samsung, Galaxy, overexposure Samsung, Amazon Samsung, AI, Amazon

The Amazon Prime Big Deal Days event is one of the best chances of the year to find a discounted Apple Watch, and we're rounding up the best Apple Watch Prime Day deals alongside the best Prime Day deals across other product categories. The best Amazon Prime Day Apple Watch dealsApple Watch Series 10 Titanium (46 mm) $708.00 $749.00 Save 5% With the titanium case option on the new Apple Watch Series 10, you also get Apple's durable sapphire crystal display. View at Amazon What we like Check mark icon A check mark. View at Amazon What we like Check mark icon A check mark. Overall, the best Apple Watch is the new Apple Watch Series 10.

Persons: There's, it's, Apple Organizations: Business, Amazon Prime, Deal, Apple Watch, Apple, Prime

View at Amazon What we like Check mark icon A check mark. Multi-day battery lifeCheck mark icon A check mark. Durable, rugged designCheck mark icon A check mark. View at Amazon What we like Check mark icon A check mark. View at Amazon What we like Check mark icon A check mark.

Persons: Apple, Max Organizations: Business, Prime, Deal, Apple, Amazon, Apple Watch

☆ Heather Graham on Her Best Movies & TV Shows: 'Austin Powers,' 'Boogie Nights'
▼ + stars: | 2024-10-05 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +11 min

Once upon a time, Heather Graham really wanted to play a murderer. Fresh off career-making turns as the porn star Rollergirl in "Boogie Nights" and the short shorts-wearing CIA agent Felicity Shagwell in "Austin Powers: The Spy Who Shagged Me," Graham wasn't having trouble getting work. "I'm just really intrigued, not only as an actress but as an audience member, by movies that are from a female storytelling perspective." But Graham didn't dwell on what could have been. The network just didn't really believe in it, and they pulled it after an episode.

Persons: Heather Graham, Fresh, Felicity Shagwell, Austin Powers, Graham wasn't, Patty Jenkins, Aileen Wuornos, Graham, Jenkins, I'm, Charlize Theron, Graham didn't, Ann, imbuing, Kyle MacLachlan, Julia Stiles Heather Graham, Bridget Jones, Julia Stiles, I'd, Heather, hadn't, she'd, Richard Cartwright, could've, Liane Moriarty, Deb Fisher, Ginny, Georgia, Annie, Annie didn't, David Lynch, Cooper, Lara Flynn Boyle, weren't, Mark Frost Organizations: CIA, Disney, Entertainment, Getty, ABC

☆ CVS is under pressure and considering a breakup. Here's why that could be risky
▼ + stars: | 2024-10-04 | by ( Annika Kim Constantino | Annika Kim Constantino Covers The Biotech | Pharmaceutical Industry For Cnbc Digital. | ) www.nbcnews.com time to read: +13 min

It’s time for a wellness check at CVS Health. But Caremark, in some cases, also funnels drug prescriptions to CVS retail pharmacies, he said. He said a spinoff of CVS’ retail pharmacies would be more likely. A general view shows a sign of CVS Health Customer Support Center in CVS headquarters of CVS Health Corp in Woonsocket, Rhode Island, U.S. October 30, 2023. Those actions will help the company achieve its target of 100- to 200-basis-points margin improvement in its Medicare Advantage business, CVS executives said in August.

Persons: Caremark, ”, eMarketer, Rajiv Leventhal, Karen Lynch, Lynch, Brian Kane, “, ” Jefferies, Brian Tanquilut, Elizabeth Anderson, Anderson, it’s, eMarketer’s Leventhal, ” Tanquilut, Ann Hynes, Tanquilut, “ they’re, they’re, Michael Cherny, Cherny, Faith Ninivaggi, Reuters Cherny, CVS, Tom Cowhey Organizations: CVS Health, CVS, CNBC, Aetna, Monday, Glenview Capital, Glenview, Evercore ISI, UnitedHealth, Humana, Walgreens, Street Health, Oak, Health, Mizuho, Amazon, Walmart, Oak Street, Leerink Partners, Affordable, Medicare, CVS Health Corp, Reuters, Centers, Medicaid Services Locations: U.S, Caremark, Aetna, Texas and Illinois, Woonsocket , Rhode Island

☆ CVS is under pressure and considering a break up. Here's why that could be risky
▼ + stars: | 2024-10-04 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +11 min

In this article CVS Follow your favorite stocks CREATE FREE ACCOUNTA sign outside of a CVS pharmacy store on February 07, 2024 in Miami, Florida. That means Caremark also sits at the intersection of CVS' retail pharmacy operation and its Aetna insurer, boosting the competitive advantage of both of the businesses. A workers stocks the shelves in a CVS pharmacy store on February 07, 2024 in Miami, Florida. An Oak Street Health clinic stands in a Brooklyn neighborhood on February 08, 2023 in New York City. A general view shows a sign of CVS Health Customer Support Center in CVS headquarters of CVS Health Corp in Woonsocket, Rhode Island, U.S. October 30, 2023.

Persons: Joe Raedle, Caremark, Rajiv Leventhal, Karen Lynch, Lynch, Brian Kane, Jefferies, Brian Tanquilut, Elizabeth Anderson, Anderson, it's, eMarketer's Leventhal, Tanquilut, Ann Hynes, Spencer Platt, they're, Michael Cherny, Cherny, Faith Ninivaggi Organizations: Getty, CVS Health, CVS, CNBC, Aetna, Monday, Glenview Capital, Glenview, UnitedHealth, Humana, Walgreens, Street Health, Oak, Health, Mizuho, Oak Street Health, Amazon, Walmart, Oak Street, Leerink Partners, Affordable, Medicare, CVS Health Corp Locations: Miami , Florida, U.S, Aetna, Caremark, Brooklyn, New York City, Texas and Illinois, Woonsocket , Rhode Island

☆ Tech tycoon Mike Lynch died from drowning after his superyacht sank, inquest hears
▼ + stars: | 2024-10-04 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +2 min

British tech tycoon Mike Lynch died from drowning, an inquest heard. Lynch and six others died after the superyacht Bayesian sank off the coast of Sicily in August. Lynch founded software company Autonomy in 1996 and sold it to HP for more than $11 billion in 2011. AdvertisementTech tycoon Mike Lynch died from drowning after the Bayesian superyacht sank off the coast of Porticello, Sicily, an inquest heard on Friday, multiple outlets reported. Lynch, his 18-year-old daughter Hannah, and five others died after the vessel was caught in a heavy storm in August.

Persons: Mike Lynch, Lynch, —, Hannah, Mike Brown, Jonathan Bloomer, Morgan Stanley, Judy, Brown, Jonathan, Judy Bloomer —, Chris Morvillo, Neda —, Recaldo Thomas, Matthew Griffiths, James Cutfield, Tim Parker Eaton Organizations: Autonomy, HP, Service, Tech, Morgan, Morgan Stanley International, Reuters, BBC Locations: Sicily, Porticello, Autonomy

☆ How major retailers Amazon, Best Buy, Costco, Home Depot prepared for the port strike
▼ + stars: | 2024-10-01 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

Club holdings Amazon , Costco , Home Depot , and Best Buy have been preparing for the port strike for months — attempting to blunt any fallout it might have on their abilities to get goods from overseas. They added that 60% to 70% of those imports arrive at East Coast and Gulf Coast ports. To put things in perspective, for retail goods, the East Coast ports are less utilized than the West Coast ports, Basham said. Due to its size, however, Best Buy often gets priority from its shippers, which could help secure goods faster than smaller competitors. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Walkouts, We're, Jeff Marks, Seth Basham, Basham, Lorraine Hutchinson, Bank of America Merrill Lynch, it's, They're, Ron Vachris, We've, Marc Wulfraat, Wulfraat, Wedbush's Basham, Jim Cramer's, Jim Cramer, Jim, Maher, Shannon Stapleton Organizations: Longshoremen's Association, United States Maritime Alliance, U.S, Costco, Home, CNBC, Barclays, Retailers, Bank of America, International Longshoremen's Association Locations: East Coast, Gulf, Maine, Texas, Gulf Coast, East, West Coast, Elizabeth , New Jersey, U.S

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