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☆ What's Warner Bros. Discovery's next move? David Zaslav and John Malone offer clues
▼ + stars: | 2023-11-09 | by ( Alex Sherman | ) www.cnbc.com time to read: +7 min

In this article WBDPARA Follow your favorite stocks CREATE FREE ACCOUNTDavid Zaslav, CEO and president of Warner Bros. Media company valuations have been plummeting amid streaming video losses, traditional TV subscriber defections, and a down advertising market. Warner Bros. Warner Bros. Warner Bros.

Persons: David Zaslav, John Malone, Malone, David Faber, Zaslav, Faber, Bob Bakish, Simon & Schuster, Shari Redstone, David A, Peacock, Brian, Roberts, Puck's Dylan Byers, Warner Organizations: Warner Bros ., Liberty Media, Liberty Global, Qurate Retail Group, CNBC, Reuters Warner Bros, Media, Warner Bros, Discovery, Sirius XM, Sirius, Paramount Global, Paramount, Viacom, CBS, Allen, Co . Media, Technology Conference, Grogan, CNBC Paramount Global, Comcast, U.S, NBC Locations: U.S, Sun Valley , Idaho

☆ What the Biden campaign is watching for this Election Day
▼ + stars: | 2023-11-07 | by ( Mj Lee | Kevin Liptak | ) edition.cnn.com time to read: +6 min

Yet some of the very issues Biden’s campaign believe will define next year’s contest – including abortion rights and the economy – are being weighed both directly and indirectly. In Virginia, where all 140 seats in the General Assembly are on the ballot, Biden’s team is watching closely to see how successful Republican Gov. In Ohio, voters will decide on an amendment that would enshrine abortion rights in the state’s constitution. Biden’s team is watching both closely to see how much abortion is still a motivating message heading into 2024. Vice President Kamala Harris has been a key spokesperson for the Biden White House on the issue of abortion rights.

Persons: Joe Biden, Biden, Glenn Youngkin, Donald Trump, Kamala Harris, Youngkin, ”, Joe Madison, Harris, he’s, –, Andy Beshear, Biden’s, Beshear, “, CNN’s Betsy Klein Organizations: Washington CNN, Democratic, Gov, Biden White, Sirius XM, Trump Locations: Virginia, Stafford, Fredericksburg, Ohio, “ Virginia, Minnesota, Delaware, Kentucky

☆ The US Army needs tanks to win a war in the Pacific, but it knows the Abrams isn't the right tank for the job
▼ + stars: | 2023-11-07 | by ( Michael Peck | ) www.businessinsider.com time to read: +8 min

But it also knows that rivals are building weapons that are potent against the aging Abrams tank. The Army's main battle tank, the M1 Abrams, now faces two main problems. End of the Abrams eraA US Abrams tank that Iraqi officials said was destroyed in fighting south of Baghdad in April 2003. Threats to the Abrams tank's battlefield dominance, according to the Army Science Board. The Army Science BoardThe Army Science Board assessed various alternatives.

Persons: Abrams, —, China —, Eddie McCrossan, M1A1 Abrams, Scott Nelson, Charles Flynn, Bradley, KARIM SAHIB, Michael Peck Organizations: US Army, Service, Army, Pacific, Rivals, M1 Abrams, Army Science Board, ., Logistics, US Defense Department, Eddie McCrossan Tanks, Nazi, US Army Pacific, Board, for Army, sustainment, China, Abrams, Getty, The Army, Booker, Defense, Foreign Policy, Twitter, LinkedIn Locations: Europe, Asia, Russia, China, Fort Knox, Kentucky, Britain, America, Russo, Ukraine, East Asia, Japan, Malay, Korean, Vietnam, Kuwaiti, Fulda, East, West Germany, Baghdad, AFP, Pacific, Forbes

The recent missteps have created an unwelcome wrinkle for Trump, his campaign team and the larger Republican political apparatus. Republicans have questioned whether Biden is able to serve as commander-in-chief, pointing to his age and mental fitness. And, during a rally in South Carolina in September, Trump confused former Florida Gov. “President Trump continues to dominate in primary polls and is winning against Crooked Joe Biden in the general election,” Trump spokesperson Steven Cheung said in a statement. Instead of attacking Biden directly over his age, Trump instead tries to paint Biden as “incompetent,” and “cognitively impaired,” which he argues is not solely about the president’s age.

Persons: Donald Trump, Joe Biden, –, He’s, ” Trump, Biden, Weeks, Trump, Barack Obama, Obama, Viktor Orbán, Turkey –, Jeb Bush, George W, Bush, ”, …, Ron DeSantis, —, can’t, ’, ” DeSantis, Nikki Haley, I’ve, ” Haley, MSNBC chyron, Trump’s, Biden’s, Crooked Joe Biden, Steven Cheung, “, he’s, Megyn Kelly, Kelly Organizations: CNN, Trump, Republican, Florida Gov, Former South Carolina Gov, Republican Jewish Coalition, Democratic National Committee, Twitter, MSNBC, Hamas, Publicly, “, Crooked, Air Force, Biden, NBC, Sirius XM Locations: Cedar Rapids , Iowa, Sioux City , Iowa, Sioux Falls , South Dakota, Iowa, Washington , DC, Hungary, Turkey, Israel, South Carolina, Florida, New Hampshire, “, Former

Chase Young, Montez Sweat and Joshua Dobbs are on the move. The San Francisco 49ers (5-3) made the biggest move of the day, getting Young from the Washington Commanders for a compensatory third-round draft pick. Political Cartoons View All 1227 ImagesThe Commanders traded their top pass rusher, Sweat, to the Chicago Bears for a second-round pick. The Bears (2-6) are headed nowhere, but have to be planning to keep Sweat, who has 6 1/2 sacks this season. People-Jones has eight catches for 97 yards this season after catching 61 passes for 839 yards last season.

Persons: Derrick Henry, Davante Adams, Chase Young, Montez Sweat, Joshua Dobbs, Rasul Douglas, Ezra Cleveland, Donovan Peoples, Jones, Young, Nick Bosa, who’ve, Dobbs, Kirk Cousins, Kevin O’Connell, Jaren, Cousins, “ I’ve, ” O’Connell, Cleveland, Walker Little, Jacksonville’s, “ It’s, Doug Pederson, Pat McAfee, Ezra, ” Douglas, Douglas, White, Achilles, Kaiir Elam, Buffalo’s, Dane Jackson, Rodger Saffold, Kevin Byard, Leonard Williams, AP Pro Football Writers Dave Campbell, Josh Dubow, Mark Long, Dennis Waszak, AP Sports Writers John Wawrow, Stephen Whyno, David Brandt, ___ Organizations: Denver Broncos, San Francisco 49ers, Washington, 49ers, Chicago Bears, The Bears, The Vikings, Cardinals, Atlanta, Sirius XM, ”, AFC, Jaguars, ” Jaguars, ESPN, “, Bills, Miami, The Detroit Lions, Peoples, The Jets, Eagles, Seahawks, Giants, AP Pro Football Writers, AP Sports Writers Locations: Minnesota, Dobbs . Minnesota, Atlanta, Cleveland, Green Bay, Buffalo, Tennessee

☆ McDonald's isn't as cheap as it once was, and it's losing low-income customers
▼ + stars: | 2023-10-31 | by ( Nancy Luna | ) www.businessinsider.com time to read: +4 min

McDonald's said it's gaining middle- and higher-income customers, who are trading down to its menu. McDonald's expects to raise menu prices by about 10% this year — on top of a 10% increase last year. AdvertisementAdvertisementMcDonald's said Monday that customers continue to count on the chain for affordable meals, even as it raises menu prices. "Providing affordable options for our customers has always been core to McDonald's' success," Borden said. But the definition of "cheap" is changing in the face of persistent inflation — and McDonald's is far from the only restaurant chain raising prices.

Persons: McDonald's, it's, —, Chris J, Kempczinski, Ian Borden, That's, Borden, Mark Kalinowski, We've Organizations: Service, Mac, XM, Black Box Intelligence Locations: Orange , California

☆ How the Fed is using its multi-trillion-dollar balance sheet to fight inflation
▼ + stars: | 2023-10-29 | by ( Bryan Mena | ) edition.cnn.com time to read: +9 min

Washington, DC CNN —The Fed’s fight against inflation is about to enter a new phase, but the central bank’s enormous balance sheet will continue to play a key role. The Fed also manages a multi-trillion-dollar balance sheet that accounts for trillions in government securities and lists how much currency is in circulation. For over a year now, the Fed has been steadily shrinking its balance sheet to help cool the economy. The Fed’s balance sheet is currently at around $7.9 trillion, down from its peak of $9 trillion in early 2022 right before the runoff. They also see alternative scenarios for the end of the balance sheet runoff if there isn’t a recession.

Persons: that’s, Lael Brainard, What’s, Wells, Jerome Powell, JPMorgan Chase’s Jamie Dimon, Jamie Dimon, Krystal Hur, Dimon —, Mr, Dimon, JPMorgan Chase, what’s, Estee Lauder, Kraft Heinz, Yum, Bausch, Eli Lilly, Molson Organizations: CNN Business, Bell, DC CNN, Congress, Fed, Wall Street, JPMorgan, JPMorgan Chase, CNN, HSBC, McDonald’s, China’s National Bureau of Statistics, Bank of Japan, Pfizer, Caterpillar, Marathon Petroleum, Sirius XM, Anheuser, Busch, BP, Chesapeake Energy, US Labor Department, Global, Board, CVS, GSK, Humana, Reuters, Apollo Global Management, Brands, Garmin, Cruise Line Holdings, Qualcomm, Airbnb, PayPal, MetLife, Aflac, AIG, Allstate, Prudential, P Global, Institute for Supply Management, Federal Reserve, ConocoPhillips, Starbucks, Duke Energy, Shopify, Ferrari, Marriott International, Moderna, Fox, Molson Coors, Hyatt, Apple, Motorola, Bank of England, Dominion Energy, Gartner, Restaurant Brands Locations: Washington, Treasuries, China’s, Mondelez, DoorDash, Avis, Shell, Cigna

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 20, 2023. The yield on the note touched the July 2007 milestone that it briefly attempted to scale last week. Of the 86 companies in the S&P 500 that have reported earnings so far in the third quarter, 78% have been above analyst estimates, according to the LSEG data. The benchmark stock index is down 8% from late July, when it hit its highest for the year, though still up 10% year-to-date. ET, Dow e-minis were down 224 points, or 0.67%, S&P 500 e-minis were down 31.5 points, or 0.74%, and Nasdaq 100 e-minis were down 129.75 points, or 0.88%.

Persons: Brendan McDermid, Hess, Hadjikyriacos, Benjamin Netanyahu, Jerome Powell, Piper Sandler, Morgan, Shubham Batra, Shashwat Chauhan, Nivedita Bhattacharjee, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Chevron, Walgreens, Dow, Nasdaq, XM, Apple, Microsoft, Nvidia, Intel, Exxon Mobil, General Motors, Federal, Market, Dow e, Walgreens Boots Alliance, Hess Corp, Thomson Locations: New York City, U.S, megacap, Israel, Gaza, Bengaluru

☆ What the Israel-Hamas war means for defense stocks
▼ + stars: | 2023-10-18 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

New York CNN —When war breaks out, defense companies tend to make money. That means aerospace and defense stocks tend to rise during geopolitical unrest. Defense stocks typically rise after military conflicts but soon lose those gains. Following Russia’s invasion of Ukraine, the iShares defense ETF surged by 5%, with Lockheed Martin and Northrop Grumman’s shares jumping about 20%. Goldman Sachs announced third-quarter results on Tuesday morning, reporting earnings of $5.47 per share, which beat the $5.31 expected by analysts.

Persons: Lockheed Martin, Northrop Grumman, ”, Jim Taiclet, “ That’s, JPMorgan Chase, Jamie Dimon, “, ” Sam Stovall, Joe Biden’s, Northrop Grumman’s, Raffi Boyadjian, Goldman Sachs, David Solomon, “ David, Goldman, Tony Fratto, Solomon, DJ, ” Solomon, it’s, Lloyd Blankfein, they’re, Elon Musk’s, Elon Musk, X, Clare Duffy Organizations: CNN Business, Bell, New York CNN, U.S . Aerospace & Defense ETF, Raytheon, Lockheed, Boeing, General Dynamics, Northrop, “, Lockheed Martin Corporation, titans, Hamas, JPMorgan, Defense, XM, Treasury, CNN, Revenue, Twitter Locations: New York, Israel, U.S, Ukraine, Kippur, Kuwait, South Beach, New Zealand, Philippines

☆ Premarket stocks: What the Israel-Hamas war means for US markets
▼ + stars: | 2023-10-17 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

New York CNN —Growing unrest in the Middle East has cast a shadow on global financial markets. Israeli stocks listed in New York and Tel Aviv have sunk to recent lows, underscoring the growing economic uncertainties in the war-torn region and leaving investors unsure of where markets go from here. Funds in the US hold more than $43 billion in Israeli stocks and bonds, according to a Bloomberg tracker. Big names, big exposure: As the war continues, businesses with headquarters, factories and inventory in Israel appear increasingly at risk to geopolitical turmoil. “If the war remains confined between Israel and Palestinians, it’s likely that the markets will forget about it after a few days,” he wrote.

Persons: ”, Steven Schoenfeld, Jamie Dimon, “, Benjamin Netanyahu, Raffi Boyadjian, Sam Stovall, Nathaniel Meyersohn, drugstores, David Silverman, Bill Ford, Vanessa Yurkevich, Ford, Jim Farley, Shawn Fain Organizations: CNN Business, Bell, New York CNN, Nasdaq, Funds, Bloomberg, Hamas, Bank of Israel, JPMorgan, Israel Innovative Technology, Mobileye, Tower Semiconductor, Teva Pharmaceutical, XM, CVS, Walgreens, Walmart, Fitch, Ford Motor Company, United Auto Workers, Big Three, UAW, Monday, Ford Locations: New York, Tel Aviv, New Jersey, Israel, United States, Canada, China, Ukraine, Kippur, Kuwait, Kansas City, drugstores, Rouge, Dearborn , Michigan

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 28, 2023. The S&P 500 and the Nasdaq dropped on Friday as deteriorating consumer sentiment data and the Middle East conflict kept investors away from riskier bets and overshadowed some upbeat earnings from big U.S. banks. Third-quarter earnings for the S&P 500 companies are estimated to grow 2.2% on an annual basis, LSEG data showed. Of the 32 S&P 500 companies that have reported results, 87.5% have surpassed expectations compared with the long-term average of 66.5%. Rival Moderna (MRNA.O) dipped 5.1%Lululemon Athletica (LULU.O) added 5.8% as the sportswear apparel maker is set to join the S&P 500 index this week, replacing Activision Blizzard (ATVI.O).

Persons: Brendan McDermid, Antony Blinken, Pissouros, Goldman Sachs, Morgan Stanley, Johnson, Charles Schwab, Patrick Harker, Jerome Powell, Harker, Austan Goolsbee, Ankika Biswas, Shashwat Chauhan, Arun Koyyur, Vinay Dwivedi Organizations: New York Stock Exchange, REUTERS, Reuters, Pfizer, Dow, Nasdaq, Treasury, XM, Bank of America, Johnson, Tesla, Netflix, Philly, New York, Philadelphia Fed, Federal, Chicago Fed, Dow e, Nvidia, Activision Blizzard, Thomson Locations: New York City, U.S, China, Israel, Gaza, United States, Bengaluru

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 28, 2023. Top ranking Fed officials indicated rising yields on long-term U.S. Treasury bonds could steer the central bank from further increases in its short-term policy rate. Megacap stocks Microsoft (MSFT.O), Alphabet (GOOGL.O), Nvidia (NVDA.O) and Amazon.com (AMZN.O) added between 0.2% and 0.4% in premarket trading. All three major U.S. stock indexes closed higher on Monday, with energy (.SPNY) leading gains as supply worries ignited by Middle East tensions sparked a rally in crude oil prices. Rivian Automotive (RIVN.O) added 4.1% on a report that UBS upgraded the EV maker's stock to "buy" from "neutral".

Persons: Brendan McDermid, Raffi Boyadjian, Atlanta's Raphael Bostic, Neel Kashkari, Mary Daly, Christopher Waller, Israel, John Riccitiello, J.P.Morgan, Shashwat Chauhan, Ankika Biswas, Arun Koyyur, Shounak Organizations: New York Stock Exchange, REUTERS, PepsiCo, Dow, Nasdaq, Treasury, Federal, Columbus, Peoples, Microsoft, Nvidia, XM, Traders, JPMorgan Chase, Citigroup, Dow e, Rivian, UBS, EV, Alibaba Group, PDD Holdings, Baidu, Thomson Locations: New York City, U.S, Gaza, Minneapolis, Wells Fargo, Beijing, Bengaluru

Oct 9 (Reuters) - Shares in U.S. and European-listed companies with business exposure to Israel fell on Monday on worries that an escalation in conflict with Palestinian Islamist group Hamas would impact their operations. Wall Street opened lower, while European stocks dipped as surging oil prices fanned inflation worries and investors fled to the safety of government bonds and the dollar. U.S. shares of Israeli chipmaker Tower Semiconductor fell 5.2%, while Intel (INTC.O) dipped 1.1% and Nvidia (NVDA.O) 2.1%, dragging the chip sector lower. U.S.-listed shares of Israel's Teva Pharmaceutical (TEVA.TA), the world's largest generic drugmaker, fell 3.3%, while those in fertilizer group ICL Group (ICL.TA) dipped 1.4%. U.S. exchange-traded funds exposed to Israel such as the iShares MSCI Israel ETF and the ARK Israel Innovative Technology ETF fell 6.6% and 4.4%, respectively.

Persons: Benjamin Netanyahu, Raffi Boyadjian, Energean, Adani Ports, Danilo Masoni, Sruthi Shankar, Amanda Cooper, Deborah Kyvrikosaios, Arun Koyyur Organizations: Palestinian, Semiconductor, Intel, Nvidia, Energy, Tel Aviv ., U.S, Cruise Line Holdings, Royal Caribbean Group, XM, Israel's, ICL, ARK Israel Innovative Technology, Adani, Thomson Locations: Israel, Tel Aviv, Saudi Arabia, Gaza, London, India, Adani, Haifa Port, Northern Israel

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2023. The S&P 500 (.SPX) eyes its fifth straight weekly fall, while the Dow (.DJI) is on track to decline for the third straight week. Energy (.SPNY) is set to be worst hit amongst the major S&P 500 sectors this week, while communications services (.SPLRCL) is on track to be the best performing. Looking ahead, data would take center stage once again with September consumer price inflation and producer price index readings due next week. ET, Dow e-minis were up 74 points, or 0.22%, S&P 500 e-minis were up 10.25 points, or 0.24%, and Nasdaq 100 e-minis were up 43.5 points, or 0.29%.

Persons: Brendan McDermid, Levi Strauss, Tesla, that's, Marios Hadjikyriacos, LEVI.N, Ankika Biswas, Shashwat Chauhan, Anil D'Silva, Shounak Organizations: New York Stock Exchange, REUTERS, Exxon, Dow, Nasdaq, Labor, XM, Traders, Energy, Federal, JPMorgan Chase, Citigroup, BlackRock, Dow e, Tesla, Exxon Mobil, Reuters, Natural Resources, Thomson Locations: New York City, U.S, Wells Fargo, United States, Bengaluru

☆ Formula 1 could be coming to Apple as it mulls offering up to $2 billion a year to show races, report says
▼ + stars: | 2023-10-01 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

Apple is interested in the exclusive global rights for Formula 1 races, Business F1 reported. The iPhone maker could offer up to $2 billion a year for the rights, per the report. AdvertisementAdvertisementApple is reportedly considering making a bid of up to $2 billion a year for the rights to show Formula 1 races, according to a report by Business F1. Formula 1 Group declined to comment to Business F1 and didn't immediately respond to a request for comment from Insider. CHANDAN KHANNA/Getty ImagesAn MLS Season Pass costs $14.99 a month or $29 a season, while Apple TV+ subscribers pay $12.99 a month or $25 a season.

Persons: —, Tim Cook, JIM WATSON, Lionel Messi, CHANDAN KHANNA, Apple wouldn't Organizations: Apple, Business, Major League Soccer, Service, Prix, Liberty Media, Sirius XM, MLS, Inter Miami, Wall Street, ESPN, ABC, Forbes, Sky, Revenue, Parks Associates, Amazon, Football, Sports Media Watch Locations: Austin , Texas

☆ Stocks making the biggest moves premarket: Levi Strauss, Costco, ChargePoint, Mattel and more
▼ + stars: | 2023-09-27 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines in premarket trading. Sirius XM — Shares of the media company fell roughly 2% in premarket trading. A day earlier, Liberty Media proposed combining the Sirius XM tracking stock with the radio company. Levi Strauss — The apparel maker advanced 1.3% in premarket trading after TD Cowen initiated coverage of the stock at an outperform rating. Mattel — Shares of the toymaker gained 2.4% in premarket trading Wednesday after Morgan Stanley initiated Mattel with an overweight rating, calling it a top pick.

Persons: Levi Strauss, TD Cowen, Levi's, ChargePoint, XPO, Jonathan Chappell, Joe Biden, Morgan Stanley, Alex Harring, Jesse Pound, Samantha Subin, Pia Singh Organizations: Woodbury, Sirius XM, Liberty Media, Costco, UBS, Evercore ISI, United Auto Workers, Mattel —, Mattel Locations: Central Valley , New York, U.S, Michigan

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 11, 2023. Uncertainty around the trajectory for interest rates, including a potential hike by year-end and expectations for fewer cuts next year, have pushed the 10-year Treasury yield to a 16-year high, hurting growth stocks. ET, Dow e-minis were down 13 points, or 0.04%, S&P 500 e-minis were down 1.75 points, or 0.04%, and Nasdaq 100 e-minis were down 11 points, or 0.07%. HP Inc (HPQ.N) dipped 2.7% after Warren Buffett's Berkshire Hathaway (BRKa.N) sold nearly 4.8 million shares of the PC maker. Reporting by Ankika Biswas and Shashwat Chauhan in Bengaluru; Editing by Arun Koyyur and Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Berkshire Hathaway, Jerome Powell, dampening, Raffi Boyadjian, Walt Disney, Warren Buffett's Berkshire Hathaway, Jefferies, JD.com, Ankika Biswas, Shashwat Chauhan, Arun Koyyur, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Companies Media, Nike, Dow, Nasdaq, Federal Reserve, Nvidia, Investors, Traders, XM, Dow e, Media, Warner Bros Discovery, Paramount Global, Netflix, HP Inc, PDD Holdings, Baidu, Thomson Locations: New York City, U.S, Berkshire, Bengaluru

Chevron Chief Executive Mike Wirth also said he thinks oil will cross $100 per barrel in a Bloomberg News interview. Saudi Arabia and Russia this month extended a combined 1.3 million barrels per day (bpd) of supply cuts to the end of the year. Saudi Arabia's energy minister, Prince Abdulaziz bin Salman on Monday defended OPEC+ cuts to oil market supply, saying international energy markets need light-handed regulation to limit volatility. China, considered the engine of oil demand growth, is a key risk because of its sluggish post-pandemic economic recovery, though its oil imports have remained robust. "The high-for-longer mantra would ultimately have a negative impact on economic growth and would affect oil demand."

Persons: Tatiana Meel, Brent, WTI, Fiona Cincotta, Mike Wirth, Prince Abdulaziz bin Salman, Callum Macpherson, Tamas Varga, PVM's Varga, Arathy Somasekhar, Natalie Grover, Florence Tan, Sudarshan, David Goodman, Timothy Gardner Organizations: REUTERS, Rights, Brent, U.S, West Texas, Citi, Monday, Chevron, Bloomberg, ANZ, XM, U.S . Federal, Thomson Locations: Nakhodka, Russia, Saudi Arabia, Ukraine, China, Saudi, Investec, Europe, Houston, London, Singapore

☆ Oil prices continue to rally on tight supply
▼ + stars: | 2023-09-18 | by ( Natalie Grover | ) www.reuters.com time to read: +2 min

Oil tankers sail along Nakhodka Bay near the port city of Nakhodka, Russia August 12, 2022. China, considered the engine of oil demand growth, remains possibly the biggest risk because of its sluggish post-pandemic economic recovery. "Lack of protracted progress, nonetheless, will be viewed as a major setback on the demand side," said Tamas Varga of oil broker PVM. "The high-for-longer mantra would ultimately have a negative impact on economic growth and would affect oil demand." "The question is, will the Saudis continue to maintain the deficit given the risk that higher prices must surely, at some point, stimulate US shale (oil output)," Investec analyst Callum Macpherson said.

Persons: Tatiana Meel, Brent, WTI, Tamas Varga, PVM's Varga, Callum Macpherson, Natalie Grover, Florence Tan, Sudarshan, David Goodman Organizations: REUTERS, Brent, West Texas, XM, U.S . Federal Reserve, Thomson Locations: Nakhodka, Russia, Saudi Arabia, Ukraine, Europe, China, London, Singapore

☆ Hedge funds are scrambling into these stocks with conviction, says Morgan Stanley
▼ + stars: | 2023-08-17 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Investors on the hunt for the new stock ideas may want to take a look at these name that garnered increased interest from hedge funds during the second quarter, according to Morgan Stanley. Here are some of the companies that made the list: Liberty Media experienced the largest uptick in ownership during the period, up 22.5%, according to Morgan Stanley's analysis. LSXMA YTD mountain Liberty Media shares year to date During the second quarter, Liberty Media remained among Baupost's top positions , with the Seth Klarman-led fund retaining a $486 million stake in the company. The company agreed to merge with UFC during the second quarter to create a new publicly traded company controlled by Endeavor . Shares have risen more than 63% this year, and ownership ticked up nearly 9% during the second quarter.

Persons: Morgan Stanley, Morgan, John Malone, Seth Klarman, Macy's, — CNBC's Michael Bloom, Yun Li Organizations: Liberty Media, Sirius XM Holdings, Entertainment, Pfizer, Wrestling Entertainment, UFC, Endeavor Locations: Seagen

News of Trump’s fourth indictment broke late Monday, so most of Trump’s top rivals for the GOP nomination have not yet weighed in on the Georgia charges. “Over a year ago, I said that Donald Trump’s actions disqualified him from ever serving as President again. Those words are more true today than ever before.”Two, businessman Vivek Ramaswamy appeared on a live town hall on NewsNation as the news of Trump’s indictment broke. Trump trial: New York state Supreme Court Judge Juan Merchan refused to recuse himself from Trump’s hush money case. The announcement comes as the party has been locked in a legal battle with the state over the nominating contest, with the state GOP looking to reinstate the caucus.

Persons: Asa Hutchinson, Hutchinson, ” Hutchinson, Donald Trump’s, Vivek Ramaswamy, Alex Tabet, ”, ” Ramaswamy, Bob Iger, DeSantis, Juan Merchan, Sam Brown’s, Jeffrey Gunter, General, GOP Sen, Mitt Romney, Marjorie Taylor Greene, Leavitt, Karoline Leavitt Organizations: GOP, Arkansas Gov, Trump, NBC, Disney, CNBC, House, Sirius XM Holdings Inc, United States Steel Corp, Florida Republicans, Nevada Republican Party, CNN, Nevada GOP, Sam Brown’s PAC, Republicans, U.S, Mitt, Utah Senate, Politico, New Hampshire’s, Congress, MAGA Inc Locations: Georgia, Arkansas, United States, America, ”, Congress, New York, Nevada, Iceland, Utah

REUTERS/Brendan McDermid//File PhotoSummaryCompanies US-listed China stocks fall as stimulus measures disappointFutures mixed: Dow up 0.02%, S&P down 0.06%, Nasdaq down 0.16%Aug 11 (Reuters) - U.S. stock index futures were subdued on Friday as investors awaited producer prices data that could offer more clarity on the Federal Reserve's rate hike path. Investors are now focused on the producer prices data due at 8:30 a.m ET that will offer more insight into inflation in the world's largest economy. U.S. Labor Department's producer price index (PPI) for final demand, is expected to rise 0.2% in July, after growing 0.1% in June. "This (PPI) data set is something of a crystal ball for consumer price inflation; when producers charge more for goods the higher costs are usually passed on to households." "Higher yields incentivize investors to park their cash in the safety of bonds, and therefore decreases demand for risky plays like equities."

Persons: Brendan McDermid, Russ Mould, AJ Bell, Marios Hadjikyriacos, Bansari Mayur Kamdar, Johann M, Vinay Dwivedi Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Benchmark, Labor, PPI, Dow e, Nvidia, Treasury, XM, Thomson Locations: New York City, U.S, China, JD.com, Bengaluru

☆ Oil hits new highs as tighter supply offsets China demand concern
▼ + stars: | 2023-08-09 | by ( Alex Lawler | ) www.reuters.com time to read: +2 min

An aerial view shows a crude oil tanker at an oil terminal off Waidiao island in Zhoushan, Zhejiang province, China January 4, 2023. Brent crude was 54 cents, or 0.6%, higher at $86.71 by 1110 GMT having touched $87.09, the highest since April 13. Crude posted its sixth consecutive weekly gain last week helped by a reduction in OPEC+ supplies and hopes of stimulus boosting oil demand recovery in China. "There is no doubt that there is plenty of momentum here," said Naeem Aslam, chief investment officer at Avatrade. On Tuesday, oil also came under pressure from Chinese data showing crude oil imports in July fell 18.8% from the previous month to their lowest daily rate since January, although they were up 17% from a year earlier.

Persons: Brent, Charalampos Pissouros, Naeem Aslam, Yuka Obayashi, Andrew Hayley, Bernadette Baum, Kirsten Donovan Organizations: Saudi, XM, . West Texas, Organization of, Petroleum, American Petroleum Institute, Official U.S . Energy, Thomson Locations: Zhoushan, Zhejiang province, China, Saudi, Russian, Saudi Arabia, Russia, U.S, OPEC, Tokyo, Beijing

☆ Liberty SiriusXM shares get a shake-up. Here's a breakdown of the new structure
▼ + stars: | 2023-08-04 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Investing alongside Malone is complicated for individuals because Liberty Media has a string of tracking stocks for all its different businesses. The media conglomerate has two tracking stock groups: Liberty SiriusXM Group and Formula One Group. Liberty Media owns Formula One, which trades under tracking stock Liberty Media Formula One . Live Nation trades under its common stock ticker LYV, while's Liberty's share is available under the LLYVA and LLYVB tracking stocks. For the new Liberty SiriusXM tracking stocks LSXMK and LSXMA, the reclassification could help narrow the stock's wide discount to its net asset value, according to Citi.

Persons: John, Malone, SIRI, while's, BATRA Organizations: Liberty Media, Sirius XM Holdings, Entertainment, Liberty SiriusXM Group, Formula One, Nation Entertainment, Live, Major League Baseball's, Atlanta Braves, Liberty Media Corp, Nasdaq, Liberty, Citi Locations: New York

☆ Watch CNBC's full interview with Liberty Media CEO Greg Maffei
▼ + stars: | 2023-07-26 | 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 Liberty Media CEO Greg MaffeiLiberty Media CEO Greg Maffei joins 'Squawk on the Street' to discuss short sales of Sirius XM stock, developing a new tracking stock, and Liberty Media's short-term deal with ESPN coming to a close.

Persons: Greg Maffei Organizations: Liberty Media, Greg Maffei Liberty Media, Sirius XM, Liberty, ESPN

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