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☆ Earnings will drive the market next week — what we expect from 2 portfolio stocks
▼ + stars: | 2024-05-04 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

With the Fed, Apple earnings and the jobs report passing with flying colors this week, the runway to more gains looks a lot less cluttered. This past week was chock full of Club earnings: 12 portfolio companies, including Apple , delivered results. Analysts expect Wynn's earnings per share of $1.27 versus 29 cents a year ago when China was not fully back from Covid. 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.

Persons: Jerome Powell, we're, Jim Cramer, Jim, Apple, Eli Lilly, Estee Lauder, Stanley Black, Decker, Bausch, FactSet, It's, Bob Iger, Iger, Nelson Peltz, We're, Krystal, Berkshire Hathaway, Tyson, Jones Lang, Walt, Ferrari N.V, WK Kellogg, Wynn, Vishay, CRON, MARA, RICK, Ginkgo, Jim Cramer's, David Paul Morris Organizations: Federal Reserve, Apple, GE Healthcare, DuPont, Linde, Bausch Health, Coterra Energy, Club, Disney, Wynn Resorts, CNBC, Revenue, Vegas Sands, Cotai, Boston, Airlines, Krystal Biotech, Alpha Metallurgical Resources, Axsome Therapeutics, Tyson Foods, TSN, Bowlero Corp, CNA Financial Corp, CNA, Jones Lang LaSalle Incorporated, Technologies, Realty Income Corp, Lab, Teradata Corp, Technology, FMC Corporation, FMC, Paymentus Holdings, Shockwave, Vertex Pharmaceuticals, Goodyear Tire & Rubber Company, Simon Property Group, Sterling Construction Company, Apple Hospitality, Boise Cascade Corporation, BellRing Brands, Coty, COTY, Fidelity National Information Services Inc, Vornado Realty, Walt Disney Co, Holdings, Madrigal Pharmaceuticals, Nikola Corporation, BP, Rockwell Automation, MarketAxess Holdings, Jumia Technologies, GEO Group, Builders FirstSource Inc, Duke Energy Corp, WYNN, Rivian Automotive, Arista Networks, Occidental Petroleum Corp, Astera Labs, Bros, Flywire Corporation, B2Gold Corp, Kinross Gold Corp, Virgin Galactic Holdings, iRobot Corp, Electronic Arts Inc, McKesson Corp, ACM Research, Avadel Pharmaceuticals, Toyota Motor Corp, Emerson Electric Co, Perion, Editas, Brink's Company, Sinclair Corporation, New Fortress Energy, Starwood Property Trust, Animal Health, ELAN, Farms, IM Cannabis Corp, Fox Corporation, Formula One, Icahn Enterprises, Teva Pharmaceutical Industries, Arm Holdings plc, ARM, AMC Entertainment Holdings, Trade, AppLovin Corporation, Sciences Corp, SolarEdge Technologies, Roblox Corporation, GigaCloud Technology Inc, Warner Bros ., Properties Trust, Growers, Constellation Energy Group, Cronos, Fiverr, Solar Inc, EPAM Systems, Cedar Fair Entertainment, Digital Holdings, RCI Hospitality Holdings, Akamai Technologies, Semiconductor, Insulet Corp, NuScale Power Corporation, Ginkgo Bioworks Holdings, Bloom Energy Corporation, Construction, AMC Networks, CRH Public Ltd . Company, Jim Cramer's Charitable, Allen, Co . Media, Technology Conference, Bloomberg, Getty Locations: China, Eaton, Amazon, Covid, Macao, Vegas, Sun Valley , Idaho

☆ Inside the investing strategy of Hunterbrook Capital, the news-driven hedge fund. Can it succeed in a ruthless industry?
▼ + stars: | 2024-04-29 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +6 min

Small team, limited scopeThe hedge fund makes trades based solely on news from Hunterbrook Media, its media sister company, sometimes getting advanced copies of the articles and placing trades before publication. AdvertisementThe hedge fund, however, has just one sole full-time employee. Before a story is published on Hunterbrook Media, the firm's general counsel reviews it to make sure there's not any insider information — such as leaked earning figures — in it. AdvertisementIf the general counsel and the executives green light the story to be shared, then it goes to the hedge fund — in other words, Dunlevie and Horwitz — prepublication. Opportunities few and far between so farInvestigations from Hunterbrook Media so far have less than a 50% hit rate on turning into trades for the hedge fund.

Persons: —, Nate Anderson's Hindenburg, Carl Icahn's, Nathaniel Horwitz, Matt Murray, Paul Steiger, Bethany McLean, That's, Courtney Dunlevie, Horwitz, Sam Koppelman, Brian Koppelman, Dunlevie, Horwitz — prepublication, isn't, It's Horwitz, Matt, Pulitzer, Tony Horwitz, Geraldine Brooks, Cash, Hunterbrook, Marc Lasry, David Fialkow, Matt Cherwin, we're, " Horwitz Organizations: Service, Business, Hunterbrook, Hunterbrook Media, Wall Street, Barclays, Commonstock, Phoenix Suns, Avenue Capital, Catalyst, JPMorgan Locations: Italian, Korean, Brazil

☆ Opinion | The Language of Gender Identity
▼ + stars: | 2024-04-17 | by ( ) www.nytimes.com time to read: +1 min

To the Editor:Re “The Problem With Saying ‘Sex Assigned at Birth,’” by Alex Byrne and Carole K. Hooven (Opinion guest essay, nytimes.com, April 3):Mr. Byrne and Ms. Hooven argue that use of “assigned sex” terminology “creates doubt about a biological fact when there shouldn’t be any.” But sex characteristics are not “a biological fact”; they are rather a series of facts — anatomical, hormonal and genetic — that are not always in alignment. The term “sex assignment” derives from the medical literature of the 1940s and 1950s, in which physicians grappled with what was then called “hermaphroditism” and is now called “intersex” or “D.S.D.,” for disorders or differences of sex development. To conclude that the words “assigned at birth” are needless is to deny the complexity of biological sex and to erase both the history of intersex conditions and the embodied reality of the people who are born and live with them. Barbara M. ChubakNew YorkThe writer is an associate professor of urology at the Icahn School of Medicine at Mount Sinai.

Persons: Alex Byrne, Carole K, Byrne, Hooven, Barbara M, Chubak Organizations: Icahn School of Medicine Locations: York, Mount Sinai

☆ Pregnancy complications linked to increased risk of early death even decades later, study finds
▼ + stars: | 2024-04-15 | by ( Jacqueline Howard | ) edition.cnn.com time to read: +8 min

CNN —Pregnancy complications, such as gestational diabetes or preeclampsia, may be linked to an elevated risk of death even decades after giving birth, according to a new study. The study, published Monday in the journal JAMA Internal Medicine, found that women who experienced major complications during pregnancy had an increased risk of early death and that risk remained elevated for more than 40 years. The data showed that more than 88,000 women had died and all five pregnancy complications were independently associated with a higher mortality risk later in life. Gestational diabetes was associated with a 52% increased risk of mortality, preterm delivery was associated with a 41% increased risk, delivering a baby with low birth weight was associated with a 30% increased risk, preeclampsia with a 13% increased risk and other hypertensive disorders with a 27% increased risk, the data showed. “We found that the increased mortality was attributable to multiple different causes of death, including heart disease, diabetes, respiratory disorders, and cancer,” he said.

Persons: Dr, Casey Crump, ” Crump, “, ”, Ashley Roman, ” Roman, Crump, Joanne Stone, Raquel, Jaime Gilinski, ” Stone, Sanjay Gupta Organizations: CNN, The University of Texas Health Science Center, Lund University, NYU Langone Health, ’, of Obstetrics, Icahn School of Medicine, CNN Health Locations: UTHealth, Houston, Malmö, Sweden, United States, Mount

☆ Dollar stores are shutting down across America. They did this to themselves
▼ + stars: | 2024-04-11 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +7 min

Dollar Tree believed acquiring Family Dollar would help it compete against larger rivals. “When Dollar Tree bought Family Dollar, they didn’t really know what they were doing,” D’Arezzo said. Many Family Dollar stores were located too close to each other and cannibalized each other’s own sales, too, D’Arezzo said. Family Dollar “needs more work than the company originally thought.”A year later, an activist investor pushed for a sale of the “underperforming” Family Dollar business, and Family Dollar announced it would close 390 stores. Dollar Tree and Family Dollar executives say Family Dollar can still succeed, however.

Persons: Dollar, Ron Holman, ” Neil Saunders, GlobalData, “, ”, David D’Arezzo, Rick Dreiling, Kelly Bania, Carl Icahn, Nelson Peltz —, ” D’Arezzo, D’Arezzo, Dreiling Organizations: New, New York CNN, Visalia Times, USA, Dollar, BMO Capital Markets, “, Street, Justice Department, Bloomberg, Walmart, Costco Locations: New York, West Coast and Texas, West Memphis, ”, California , Nevada , Arizona, Texas, California

☆ JetBlue’s new checked bag fees now depend on the day
▼ + stars: | 2024-04-02 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

The price of a first checked bag now ranges from $35 to $50 under a recently revealed fee structure that depends on a number of factors, including dates JetBlue determines to be peak or off-peak. JetBlue is giving flyers a $10 discount if they add a checked bag during booking and at least 24 hours before check-in, with prices ranging from $35 for off-peak dates and $40 for peak dates. Peak dates encompass about half of the year, including most of the busy summer travel season as well as dates before and after the Thanksgiving and Christmas holidays in 2024. For next year, the dates range from mid-February (Valentine’s Day and President’s Day) and most of April for spring break and Easter. The first checked bag remains free on its transatlantic flights, except for customers flying on its cheapest fare (Blue Basic), which now costs between $60 to $70.

Persons: Carl Icahn Organizations: New, New York CNN, JetBlue, American Airlines, United Airlines, Delta Air Lines, Spirit Airlines, Los Angeles International Airport Locations: New York

☆ 'There is no true migraine diet,' doctor says, but these 12 foods can trigger symptoms
▼ + stars: | 2024-03-23 | by ( Renée Onque | ) www.cnbc.com time to read: 1 min

One in four American households has a member who experiences migraine, according to the American Migraine Foundation. "I get asked all the time about a migraine diet, [and] there is no one true migraine diet," that can prevent symptoms, says Dr. Fred Cohen, headache specialist and assistant professor of medicine and neurology at the Icahn School of Medicine at Mount Sinai. But "certain foods can trigger [migraine]," and make symptoms worse, Cohen adds. Here are some foods that migraineurs, people who frequently get migraine headaches, have reported as triggers for migraine attacks.

Persons: Fred Cohen, Cohen Organizations: Icahn School of Medicine Locations: Mount Sinai

☆ An activist short-seller is making a name for itself by taking on Carl Ichan, Gautam Adani and others
▼ + stars: | 2024-03-19 | by ( Elliot Smith | ) www.cnbc.com time to read: +6 min

Anderson exposes corporate fraud and ponzi schemes through his company Hindenburg Research. Congress (IYC) staged a protest demanding a probe into the allegations of fraud made against the Adani group in the Hindenburg research report. Controversial practice Breakout Point has tracked 74 Hindenburg short bets it has opened since 2017. watch nowBiggest hits One of Hindenburg's biggest recent campaigns centered on a collection of businesses owned by Indian billionaire Gautam Adani. In January 2023, Hindenburg published a report accusing Adani Group companies of "brazen stock manipulation and accounting fraud."

Persons: Nate Anderson, Anderson, Carl Icahn, Gautam Adani, Ivan Cosovic, Hindenburg, LPP, Gautam Organizations: Hindenburg Research, Washington Post, The Washington Post, Getty, The, CNBC, Indian Youth Congress, Central, Indian Youth Congress Office, Congress, Hindustan Times, GameStop, Hindenburg's, Adani, Securities and Exchange Board of India Locations: The New York, NY, New York, DELHI, India, New Delhi, Gdansk, Russia, Ukraine

☆ JetBlue cuts routes spanning Los Angeles to Lima in race to lower costs
▼ + stars: | 2024-03-19 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

A JetBlue Airways plane prepares to take off from the Fort Lauderdale-Hollywood International Airport in Fort Lauderdale, Florida, on Jan. 31, 2024. The carrier will reduce its departures from Los Angeles International Airport from about 34 a day to 24, focusing on profitable transcontinental routes that include its Mint business class cabin, according to a memo to staff, which was seen by CNBC. Cuts include service from Los Angeles to San Francisco; Seattle; Miami; Las Vegas; Reno, Nevada; and Puerto Vallarta, Mexico. Along with transcontinental flying, JetBlue said it will focus on "bread and butter" routes along the East Coast, and those serving Caribbean vacation destinations. JetBlue is charting its path as a stand-alone airline after a judge blocked its plan to purchase Spirit Airlines in January.

Persons: Dave Jehn, Joanna Geraghty, Carl Icahn Organizations: JetBlue Airways, Fort, Hollywood International, Spirit Airlines, Pratt & Whitney, Airbus, Los Angeles International Airport, CNBC, JetBlue, American Airlines Locations: Fort Lauderdale, Fort Lauderdale , Florida, Los Angeles, San Francisco, Seattle, Miami, Las Vegas ; Reno , Nevada, Puerto Vallarta , Mexico, Bogota, Colombia, Quito, Ecuador, Lima, Peru, Kansas City , Missouri, Austin, Atlanta, Nashville, Salt Lake City, New York, Detroit, East Coast, Northeast

☆ Suffer from migraines? 6 natural remedies and supplements that could help, from a specialist
▼ + stars: | 2024-03-14 | by ( Renée Onque | ) www.cnbc.com time to read: +1 min

More than 10% of people worldwide, especially between the ages of 20 and 50, experience migraine, according to The Journal of the American Medical Association. Symptoms of migraine are worse than a typical headache, and moderate to severe headaches are only one of the symptoms of migraine, Cohen tells CNBC Make It. Additional symptoms of migraine can be:NauseaVomitingPhotophobia, a sensitivity to lightPhonophobia, a sensitivity to soundThere isn't a singular cause of migraine, Cohen says. For some people, migraine is genetic and runs in their family; for others, lifestyle choices like diet, stress and even weather changes can trigger migraine symptoms. Thankfully, debilitating symptoms of migraine can be relieved with some natural remedies.

Persons: Fred Cohen, Cohen Organizations: American Medical Association, Icahn School of Medicine, CNBC Locations: U.S, Mount Sinai

☆ This biotech startup wants to prevent unhappiness. Here's the pitch deck Matter Bioscience used to raise $26 million.
▼ + stars: | 2024-02-26 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +4 min

Read previewAxel Bouchon cofounded Matter Neuroscience in 2019 after leading the venture arms of pharma giants Moderna and Bayer. AdvertisementMatter has emerged from stealth with $26 million from ARCH Venture Partners, Polaris Partners, Exor Ventures, and Collaborative Fund, Business Insider has learned exclusively. That $26 million includes an initial seed round led by Polaris Partners and a Series A round led by ARCH Venture Partners. The startup views itself now as a consumer biotech startup, Bouchon said. Here's the 17-slide pitch deck Matter used to raise $26 million.

Persons: —, Axel Bouchon, Bouchon Organizations: Service, pharma, Moderna, Bayer, Business, Venture Partners, Polaris Partners, Exor Ventures, Fund, Brain Imaging, Icahn School of Medicine Locations: Maastricht, Netherlands, Mount Sinai, Seoul, South Korea

☆ Fed's favorite inflation gauge looms next week — plus, what we want from 2 portfolio earnings reports
▼ + stars: | 2024-02-24 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

Wall Street returned to its winning ways this week — and Nvidia 's blowout earnings report Wednesday night was a big reason why. Twenty-six of our 32 portfolio stocks have delivered their results this earnings season (we didn't own Abbott Labs at the time of its report). It was a muted week for macroeconomic data, but we did get a slightly better-than-expected January existing home sales report on Thursday. In the week ahead, two more Club names are set to report earnings before a market-moving economic update arrives Thursday morning. The two other reports of note are the January new home sales report on Monday and ISM Manufacturing report on Friday.

Persons: Dow, we'll, bode, We're, Li Auto, Krystal, Arcutis, MARA, Iovance, Goldman Sachs BDC, CRON, BUD, Papa, LEV, Ginkgo, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Nvidia, Nasdaq, Dow Jones, Dow, Palo Alto Networks, Bausch Health, Coterra Energy, Abbott, Companies, TJX, Marshalls, TJX Companies, Berkshire Hathaway, Krystal Biotech, Alpha Metallurgical Resources , Inc, Fidelity National Information Services Inc, Animal Health, ELAN, Public Service Enterprise Group, Surgery Partners, BioCryst Pharmaceuticals Inc, Outdoor Holdings, Enlight Renewable Energy Ltd, Kosmos Energy, Playtika, Video Communications, TiRobot Corp, IRB, SBAC Communications Corporation, HEICO Corporation, FS KKR, Archer Aviation Inc, TransMedics, Sterling Construction Company, AES, Cruise Line Holdings, Lowe's Companies, American Electric Power Company, Bank of Nova, APLS Pharmaceuticals, Bank of Montreal, BMO, Devon Energy, Solar Inc, Technologies, Lab, Virgin Galactic Holdings, Splunk Inc, eBay, EBAY, Luminar Technologies, Agilent Technologies, G Foods, Masimo Corp, Baidu, Parts Inc, Icahn Enterprises, Viatris Inc, ACM Research, Golden Ocean Group, EMCOR, Industries, NRG Energy, Dycom, Editas, UWM Holdings Corporation, Vistra Energy, Marathon Digital Holdings, AMC Entertainment Holdings, Paramount Global, IonQ Inc, International, HP, Monster Beverage Corporation, Cronos, Birkenstock Holding, Anheuser, Busch InBev, Body, Brink's Company, Flags Inc, Papa John's, ACI, Hormel, Lion Electric Company, BlackRock TCP, Dole plc, DOLE, Fisker Inc, Dell Technologies, Ginkgo Bioworks Holdings, Autodesk, Green Brick Partners, Hewlett Packard Enterprise, Veeva Systems, INTTEST Corporation, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: New York City, U.S, Salesforce, Maxx, Bank of Nova Scotia, BlackRock, Cayman

☆ These dividend stocks are poised for a rebound, according to BMO
▼ + stars: | 2024-02-21 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Dividend stocks have come under pressure in today's higher interest rate environment as investors have turned to bonds with juicy yields. They all have a next-twelve-months price-to-earnings ratio lower than the index and a dividend yield higher than the index. It has a 4.3% dividend yield and has gained about 1% year to date. Another utility play, Exelon , has a 4% dividend yield and is also up less than 1% so far this year. Lastly, investment banking giant Morgan Stanley has slipped nearly 9% so far this year and has a 4% dividend yield.

Persons: Brian Belski, Belski, Hunter C, Gary, Exelon, Gilead, Morgan Stanley, Ted Pick, — CNBC's Michael Bloom Organizations: BMO Capital Markets, American Electric, American Electric Power, Icahn Capital, Gilead Sciences, Therapeutics Locations: U.S

☆ Higher-for-longer interest rates favor large companies over their smaller rivals in many ways
▼ + stars: | 2024-02-18 | by ( Bryan Mena | ) edition.cnn.com time to read: +7 min

High interest rates squeeze companies of all sizes, but that’s especially the case for smaller firms, unlike large companies better equipped to weather the storm. Before the Bell: How do the effects of higher-for-longer interest rates on companies vary by size? I think it might be a stretch to say that M&A activity picks up because of higher interest rates, so instead, it’s that if good businesses are beginning to suffer because of higher interest rates, then they might be more likely to be a target. Gas prices always rise as winter winds down because demand increases and gas stations must switch over to more expensive summer fuel. No matter the cause, rising gas prices are bad news for consumers already frustrated by the cost of living.

Persons: It’s, Bell, Lauren Goodwin, Matt Egan, ”, Patrick De Haan, doesn’t, ” Read, Raphael Bostic, Michelle Bowman, Philip Jefferson, Patrick Harker, Lisa Cook, Neel Kashkari, Christopher Waller Organizations: CNN Business, Bell, DC CNN, Federal Reserve, New York Life Investments, AAA, ’, HSBC, Walmart, Home Depot, Barclays, Caesars Entertainment, Nvidia, Rivian, Fidelity, Marriott, Intuit, Pacific Gas & Electric, Global, Chicago Fed, US Labor Department, National Association of Realtors, Warner Bros ., Icahn Enterprises Locations: Washington, Wingstop, United States

☆ Carl Icahn gets two seats on JetBlue’s board. Here’s how he may help build value
▼ + stars: | 2024-02-17 | by ( Kenneth Squire | ) www.cnbc.com time to read: +5 min

Activist Commentary: Carl Icahn is the grandfather of shareholder activism and a true pioneer of the strategy. While Carl Icahn is not slowing down at all, in October 2020, he reached an agreement with his son Brett Icahn to rejoin the firm as the eventual successor. Carl Icahn is the quintessential, iconic corporate governance investor. On Jan. 19, Carl Icahn started acquiring his position. On Feb. 12, her first day in her new post, she had a Carl Icahn 13D on her desk.

Persons: Carl Icahn, Brett Icahn, Brett, hasn't, Carl, Sargon, Joanna Geraghty, Carl Icahn 13D, Icahn, Robin Hayes, Geraghty, Hayes, Ken Squire Organizations: Apple, Netflix, Forest Labs, JetBlue, Spirit, Investors, U.S, Transportation Department, 13D Locations: Icahn, Delta, United

☆ Carl Icahn wins seats on JetBlue board after taking stake in airline
▼ + stars: | 2024-02-16 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

A JetBlue Airways plane prepares to take off from the Fort Lauderdale-Hollywood International Airport on January 31, 2024 in Fort Lauderdale, Florida. Carl Icahn won his push for seats on JetBlue Airways' board of directors, according to a statement from the airline Friday, days after disclosing a nearly 10% stake in the New York-based airline and that he was in talks for board representation there. The two new directors are Jesse Lynn, general counsel of Icahn Enterprises, and Steven Miller, a portfolio manager of Icahn Capital. The JetBlue investment isn't Icahn's first investment in the airline industry. Icahn said in disclosing his JetBlue stake that he believes the shares are undervalued.

Persons: Carl Icahn, Jesse Lynn, Steven Miller, Icahn, Joanna Geraghty, Geraghty, JetBlue hasn't Organizations: JetBlue Airways, Fort, Hollywood International Airport, Icahn Enterprises, Icahn, JetBlue, TWA, NYSE Arca, Spirit Airlines Locations: Fort Lauderdale, Fort Lauderdale , Florida, New York

☆ Hindenburg's latest short target Temenos rejects allegations as share price tumbles
▼ + stars: | 2024-02-16 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +2 min

Shares in Swiss software company Temenos were down over 6% on Friday afternoon, extending Thursday's losses when they closed over 28% lower. Temenos on Thursday released a statement saying its board of directors "fundamentally refutes" a report by short-seller Hindenburg Research. Temenos shares were down 6.1% at 1:17 p.m. London time, trading around 59.66 Swiss francs ($67.67). In its statement, Temenos said Hindenburg's report "contains factual inaccuracies and analytical errors, together with false and misleading allegations ... Its Adani report, published in early 2023, accused the company of "brazen stock manipulation and accounting fraud scheme over the course of decades."

Persons: Temenos, Hindenburg Research's, Hindenburg, Carl Icahn's Icahn, Adani Organizations: New York Stock Exchange, Hindenburg, CNBC Friday, Investment, Carl Icahn's Icahn Enterprises, Adani, Securities, Exchange Board Locations: London, Temenos, India

TOKYO (AP) — Shares declined Wednesday in Asia after disappointingly high U.S. inflation data sent stocks sliding on Wall Street and raised prospects that interest rates will remain elevated for longer. Hong Kong’s Hang Seng index resumed trading after the Lunar New Year holiday, edging 0.7% higher to 15,861.77 after opening lower. High interest rates hurt all kinds of investments, and they tend to particularly hurt high-growth stocks like technology companies. Stocks of smaller companies fell even more because high rates could hurt them more than bigger rivals by making it more difficult to borrow cash. Yields jumped in the bond market as traders built up expectations for the Fed to keep rates high for longer.

Persons: Australia's, Korea's Kospi, Sensex, Tuesday’s, Russell, Alexandra Wilson, Elizondo, Carl Icahn Organizations: TOKYO, —, Nikkei, Federal Reserve, Labor Department, Dow Jones, Nasdaq, Microsoft, Fed, Treasury, Goldman, Goldman Sachs Asset Management, Wall, JetBlue Airways, New York Mercantile Exchange, Brent, U.S Locations: Asia, Indonesia, Southeast, China, Bangkok, Goldman Sachs

☆ Wall Street learns an important lesson. Don’t fight the Fed
▼ + stars: | 2024-02-14 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

That sudden volatility highlights something that we often write about in Before the Bell: the major mismatch between policymaker and investor expectations for interest rate cuts this year. Federal Reserve officials, including Chair Jerome Powell, have repeatedly said they envision at most three rate cuts in 2024. Wall Street, meanwhile, has ignored those warnings and has opted to practice unflinching optimism instead. It’s not the first time they’ve had to learn an important lesson: Don’t fight the Fed. Bad for the markets, good for the Fed: Markets clearly don’t often take kindly to higher-for-longer interest rates, which can negatively impact earnings and stock prices.

Persons: New York CNN —, Jerome Powell, Dow, It’s, they’ve, Don’t, –, ”, Quincy Krosby, Arnim Holzer, José Torres, Chris Zaccarelli, doesn’t, ” Carl Icahn, Carl Icahn, Icahn, Chris Isidore, JetBlue’s, Samantha Delouya, Lyft, Erin Brewer Organizations: CNN Business, Bell, New York CNN, Federal Reserve, Nasdaq, of Labor Statistics, BLS, Treasury, LPL, Fed, Interactive Brokers, CPI, Independent, Alliance, JetBlue, Spirit Airlines, Analysts Locations: New York, December’s, “, ”

☆ Stocks making the biggest moves premarket: JetBlue Airways, Arista Networks, Tripadvisor and more
▼ + stars: | 2024-02-13 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

Arista Networks — The computer networking stock dropped more than 7% even after the company topped fourth-quarter estimates. Arista Networks said it expected first-quarter revenue to range between $1.52 billion and $1.56 billion versus an estimate of $1.53 billion. Revenue of $2.14 billion was greater than the $2.08 billion expected by analysts polled by FactSet. For the current period, the company expected earnings to range between $130 million and $150 million versus a $174 million estimate. Molson Coors Beverage — Shares added nearly 3% after the beer maker posted a fourth-quarter earnings beat.

Persons: Carl Icahn, Goldman Sachs, Tripadvisor, Datadog, LSEG, ZoomInfo, Tim Hortons, Burger King, BTIG, Hakyung Kim, Alex Harring, Fred Imbert, Sarah Min, Michelle Fox Organizations: JetBlue Airways —, JetBlue Airways, Arista Networks, Revenue, Hasbro, LSEG, FactSet, ZoomInfo Technologies, Cadence, Design Systems, Lattice Semiconductor, Restaurant, Molson Coors Beverage

☆ Dow tumbles more than 400 points on hot inflation data
▼ + stars: | 2024-02-13 | by ( Krystal Hur | ) edition.cnn.com time to read: +2 min

New York CNN —Stocks tumbled on Tuesday after fresh data revealed that inflation eased somewhat but stayed stubborn in January. That comes after the Dow Jones Industrial Average on Monday notched a record high close, while the S&P 500 retreated from its record high. The Dow slid 490 points, or 1.3%, Tuesday morning after falling more than 500 points at its session lows. The Consumer Price Index revealed that prices rose by 3.1% for the 12 months ended in January, according to Bureau of Labor Statistics data released Tuesday. Atlanta Fed President Raphael Bostic told CNN in an exclusive interview published Monday that he doesn’t see the Fed cutting rates until the summer.

Persons: Stocks, Dow, ”, Greg Wilensky, Janus Henderson, Chris Zaccarelli, Raphael Bostic, Carl Icahn Organizations: New, New York CNN, Dow Jones, Nasdaq, of Labor Statistics, Traders, Federal Reserve, Janus, Janus Henderson Investors, Fed, Independent, Alliance, Atlanta Fed, CNN, JetBlue, Hasbro Locations: New York

☆ Carl Icahn buys a huge stake in JetBlue at bargain prices
▼ + stars: | 2024-02-13 | by ( Chris Isidore | ) edition.cnn.com time to read: +2 min

Icahn paid an average of $3.56 a share for his 33.6 million shares of the stock, according to the filing. Shares of JetBlue closed Monday at $6.07 a share before leaping to nearly $7 a share in morning trading. His purchases started on January 26, a week after a federal court blocked JetBlue’s proposed purchase of Spirit Airlines. Analysts had suggested that JetBlue was only interested in pursuing the deal, assuming it was allowed by the court, at a significantly lower price. JetBlue had been interested in buying Spirit as a way of getting both the aircraft and pilots it needs to expand.

Persons: Carl Icahn, Icahn, ”, JetBlue’s Organizations: New, New York CNN, JetBlue, Spirit Airlines, Analysts, Spirit, Frontier Airlines, — American Airlines, United, US Justice Department Locations: New York, breakeven, Delta

☆ Jeff Bezos' move to Miami shows just how hard it is to tax the rich
▼ + stars: | 2024-02-13 | by ( Madeline Berg | ) www.businessinsider.com time to read: +3 min

AdvertisementEarlier this month, Bezos announced plans to unload 50 million Amazon shares , worth about $8.5 billion, over the next year. Last week, he sold 12 million shares worth more than $2 billion, per SEC filings. But he stopped in 2022 — the same year Washington state imposed a 7% capital gains tax on gains of over $250,000 for those domiciled there. Florida, in contrast, has a capital gains tax rate of zero. In fact, it is one of the eight states that does not have a capital gains tax.

Persons: Jeff Bezos, he's, —, Rich, Lauren Sanchez, Blue, Sanchez, Miami, Bezos, It's, Ken Griffin, Carl Icahn, Daniel Och, Josh Harris, Griffin —, it’s, it's, Bill Gates, Steve Ballmer, MacKenzie Scott Organizations: Miami, Service, SEC, CNBC, Sunshine State, Evergreen State Locations: Washington, Florida, Miami, Canaveral, Texas

Shares of JetBlue are rising more than 15% before the market open on Tuesday as activist investor Carl Icahn took an almost 10% stake in the airline. Icahn, who purchased the shares in January and February, said in a regulatory filing that he believe JetBlue's stock is undervalued and represents an attractive investment opportunity. He has had talks, and plans to continue talking with JetBlue in regards to possible representation on its board of directors. But shortly after the ruling, JetBlue told Spirit that it may terminate the deal. JetBlue has struggled to recover from the COVID-19 pandemic while its bigger rivals have returned to healthy profitability.

Persons: Carl Icahn, Biden, Joanna Geraghty, Robin Hayes Organizations: JetBlue, JetBlue Airways, Spirit Airlines Locations: York, U.S

☆ Stocks making the biggest moves midday: JetBlue Airways, Shopify, Biogen and more
▼ + stars: | 2024-02-13 | by ( Hakyung Kim | ) www.cnbc.com time to read: +4 min

Shopify — The e-commerce company saw shares slide more than 10% after it gave a mixed forecast for the current quarter. The company did beat fourth-quarter earnings and revenue estimates. Arista Networks — The computer networking stock fell 4% despite topping fourth-quarter estimates. Marriott International — The hotel chain stock declined 5.7% after missing fourth-quarter revenue estimates. Biogen — The biotechnology stock slumped more than 6% after missing Wall Street's fourth-quarter estimates as revenue and profit declined from a year ago.

Persons: WK Kellogg, Shopify, Goldman Sachs, Marriott's, ZoomInfo, Carl Icahn, Wall, Tripadvisor, Horton, Lennar, Bruker, Microstrategy, CleanSpark, —, Macheel, Samantha Subin, Yun Li, Sarah Min, Alex Harring Organizations: Arista Networks, Marriott, ZoomInfo, —, LSEG, JetBlue Airways —, Hasbro, &, Toll, Cadence, Systems, Cadence Design Systems, Miners, Iris Energy

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