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Hollywood stakeholders and analysts alike have declared Netflix the winner of the streaming wars — but the celebration may be short-lived as streaming enters a new phase. Analysts can't say for sure how much more subscriber growth Netflix can add through its cheaper ad tier and password-sharing crackdown, though. Plus, Netflix is about to face big competition for ad dollars from Amazon, which will launch ads on Prime Video starting January 29. Also, Big Tech's ability to fund their streaming services indefinitely could keep subscription prices depressed for Netflix, along with everyone else, Bernstein noted. But now that the strikes are over, some analysts predict Netflix will face a bigger content bill going forward.
Persons: Scott Stuber, Forrester, Mike Proulx, Brian Wieser, Evercore, Peacock, Oscar, Ted Sarandos, Netflix isn't, Gen, Bernstein, Jason Bazinet Organizations: Netflix, Business, Disney, Macquarie Research, Paramount, Citigroup Locations: Canada, North America
But she must still prove she can make a head-to-head duel with the ex-president last through Tuesday’s New Hampshire primary and beyond, after Florida Gov. But Haley faces an existential question for her own campaign Tuesday. “They’re all all coming with us,” Trump noted with satisfaction at a rally in Rochester, New Hampshire, on Sunday night. An unexpectedly high turnout of undeclared voters powered late Arizona Sen. John McCain to a shock victory in the 2000 GOP primary against George W. Bush. But Haley’s problem is that most Republican voters may not want what she’s offering.
Persons: New Hampshire CNN —, Nikki Haley, strode, , , Donald Trump, Ron DeSantis, he’d, Haley, ” Haley, CNN’s Dana Bash, DeSantis, president’s, , South Carolina Sen, Tim Scott, Vivek Ramaswamy –, ” Trump, imperil Trump, Chris Sununu, galvanize, ” Sununu’s, Trump, Sununu, Haley –, Joe Biden, November’s, She’s, Chris Christie, Arizona Sen, John McCain, George W, Bush, Hillary Clinton, Barack Obama, Republican pollster Whit Ayers, Texas Sen, Ted Cruz, Ted Cruz , Florida Sen, Marco Rubio, Christie, Jeb Bush, Rubio, Cruz, He’s, Liz Cheney, Mitt Romney, Haley hasn’t, Henry McMaster, Gov, Pamela Evette, Scott, ” he’s, Biden, Scott Jennings Organizations: New Hampshire CNN, South, Republican, Tuesday’s New, Florida Gov, Trump, Super, GOP, – DeSantis, New, New Hampshire Gov, CNN, New Jersey Gov, Florida, New Hampshire, Institution, Trump Republican, Republican Party, Senate, Wyoming, Gov, Sunday, Exeter, Office, Republicans, ” CNN Locations: Exeter, New Hampshire, South Carolina, Tuesday’s, Tuesday’s New Hampshire, Rochester , New Hampshire, New Jersey, Iowa, Granite, Arizona, New, The New Hampshire, Texas, Ted Cruz , Florida, Carolina, Cruz, New York, Utah
If you do work in movies, you almost certainly have heard of him: He's the guy in charge of Netflix's movie division, and for years, Netflix's movie division made a lot of movies, at a time when lots of studios were shrinking. Now that's changing, and now Stuber isn't going to be at Netflix anymore: Netflix says he's leaving to start his own media company. And a few months after that, when Stuber's name was floated as a possible contender to run Amazon's movie business, he didn't seem long for the place. Now, Stuber said, Netflix was going to cut its output in half so it could make things better things. Asked for comment, a Netflix spokesperson supplied quotes from Stuber, Sarandos, and Bajaria saying nice things about each other.
Persons: Scott Stuber's, Stuber, Ryan Reynolds, Martin, Scott, Reed Hastings, Ted Sarandos, Greg Peters, Bela Bajaria, We'd Organizations: Netflix, Business, Universal, Stuber, Hollywood, Variety Locations: Hollywood, Stuber
News of Mr. Stuber’s departure came on the eve of the Oscar nominations. During his tenure, which began in 2017, Netflix has had eight films nominated for best picture, though a win in that category has proved elusive. “Scott has helped lead the new paradigm of how movies are made, distributed and watched,” Ted Sarandos, Netflix’s co-chief executive, said in a statement. “He attracted unbelievable creative talent to Netflix, making us a premiere film studio.”While Mr. Stuber’s slate of movies helped to boost Netflix’s business substantially, he often clashed with Mr. Sarandos over strategy. Mr. Stuber often tried to appease filmmakers by pushing for wider theatrical releases than Mr. Sarandos was willing to undertake.
Persons: Scott Stuber, Oscar, Martin Scorsese, Spike Lee, Jane Campion, Alfonso Cuarón, Stuber’s, “ Scott, Ted Sarandos, Netflix’s, , Stuber, Sarandos Organizations: Netflix, ., Mr
So she turned to a novel solution to get through the season: Buy now, pay later. It's tough to say how buy now, pay later fits into the country's overall debt picture. Klarna, PayPal and Affirm all declined to share buy now, pay later delinquency rates with CNBC. Affirm has said the short-term and high-velocity nature of its buy now, pay later service makes traditional credit metrics less relevant. Klarna said its global default rate for its overall business including buy now, pay later is less than 1%.
Persons: Kiki Andersen, Andersen, I've, I'm, It's, Ted Rossman, delinquencies, who've, Klarna Organizations: PayPal, CNBC, Adobe, Federal Reserve Locations: Los Angeles, U.S
The DeSantis and Haley camps each believed they would benefit if the other left the field and created an unambiguous one-on-one race with Trump. In fact, both the Trump and DeSantis campaigns believe that more of the Florida governor’s supporters will likely pick Trump. Any gain or loss for Haley among voters from DeSantis’ decision seems likely to affect the race only marginally, many GOP observers believe. Even at that point in the 2016 race, Trump had won only a cumulative 40% of the votes cast in the GOP primaries. His theory that he could peel away a meaningful number of previous Trump voters simply proved wrong.
Persons: New Hampshire CNN —, Ron DeSantis, Nikki Haley, Donald Trump, DeSantis, Haley, Trump, Joe Biden, Haley doesn’t, Biden, winnowing, Whit Ayres, ” Ayres, Texas Sen, Ted Cruz, George Conway, “ Trump, David Kochel, , he’s, , Trump’s, , Alex Stroman, Trump’s MAGA, MAGA, CNN DeSantis, “ DeSantis, Scott Reed, Bob Dole’s, John Connally, suburbanites, Vivek Ramaswamy, Donald Trump’s, ” Stroman, Jean Carroll, Mike Murphy, – Haley, Sen, Marco Rubio, she’s, Mike Dennehy, John McCain’s, Bill Kristol, Kristol, ” Kristol, Matt Gaetz, Ginger Heald, Ayres, Grover Cleveland, Republican Benjamin Harrison, Reed, Dole, Mike Pence, Pence, ” Reed, “ He’s Organizations: New Hampshire CNN, Florida Gov, GOP, South Carolina Gov, Republican, Trump, CNN, New Hampshire, Democratic, South, University of New Hampshire, Republicans, Texas, nonurban Whites, The, South Carolina Republican Party, Edison Research, Trump Trump, Biden, New Hampshire GOP, Florida Republican, Merrimack Republican, Committee, DeSantis Locations: Manchester, New Hampshire, Florida, South Carolina, New, Iowa, DeSantis, As, Hampshire, New York, Trump, The Florida, Trump’s, Texas, Charleston, Polk County, Trump’s Manchester , New Hampshire, Ukraine, Israel,
Polls indicate New Hampshire offers Haley her best chance for a win, while DeSantis, polling a distant third, is already looking ahead to South Carolina. While Tuesday's primary result is expected to be narrower, the latest polls of likely New Hampshire GOP primary voters show Trump leading Haley by double digits. They have been joined in recent days by a growing number of Trump's one time Republican primary rivals — Nebraska Gov. In New Hampshire, Haley is right: She and Trump are the top two candidates by far in the polls, with DeSantis a distant third. Days away from the New Hampshire primary, DeSantis' campaign is already shifting resources to South Carolina, while still holding some events in New Hampshire.
Persons: Timothy A, Clary, Donald Trump, Trump, Ron DeSantis, Nikki Haley, Haley, Chris Galdieri, State David M, Scanlan, Biden, , Elise Stefanik, Sen, Ted Cruz, Sean Hannity, Doug Burgum, Vivek Ramaswamy, Tim Scott of, Faith Ninivaggi, Reuters Haley, Galdieri, Haley's, Chris Sununu, Scala, Matt McClain, DeSantis, Joe Biden, Nathan Howard Organizations: Getty, New, New Hampshire voters, Republican, Granite State, Florida Gov, United, New Hampshire, West Wing, Saint Anselm College, State, Democratic, Trump, GOP, New Hampshire GOP, Republicans, New York, Fox News, — Nebraska Gov, Tim Scott of South Carolina —, U.S, Omni, Washington Hotel, Resort, Reuters, The, New Hampshire Gov, CNBC, Florida, LaBelle, Washington Post, DeSantis, NBC News, Biden, Community Center Locations: Concord , New Hampshire, New Hampshire, Iowa, United Nations, South Carolina, Portsmouth , New Hampshire, Monday's Iowa, Granite State, New, Texas, Tim Scott of South Carolina, Bretton Woods , New Hampshire, U.S, Florida, The Granite, Granite, Palmetto, Derry, NH, Raleigh , North Carolina
D3sign | Moment | Getty ImagesFederal student loan bills resumed in the fall after a pause of more than three years. "Negative information shouldn't be reported during the 12-month on-ramp period, but positive information should be included," Rossman said. Still, check for errors on your credit reportStudent loan borrowers should regularly check their credit reports to make sure the information is accurate, Kantrowitz said. If your loan servicer makes an error, such as reporting your loan as delinquent during the on-ramp period, you'll want to bring it to their attention quickly, he said. In this case the creditor would be your student loan servicer, on behalf of the U.S. Department of Education.
Persons: Ted Rossman, Rossman, Kantrowitz, Organizations: U.S . Department of Education Locations: Annualcreditreport.com
Trump has invigorated an initially lackluster White House bid by leveraging his multiple criminal indictments to create a narrative of political persecution. On Thursday, CNN’s congressional team reported that senators trying to cut an immigration deal with the White House are running into a problem: Trump. The aid measure is being held up by the immigration showdown to which it was linked — perhaps unwisely many Democrats now think — by the White House. It has caused particular consternation in Europe after the transatlantic alliance was constantly rattled by Trump during his White House term. That’s likely to be a pale imitation of what awaits if he gets back to the White House.
Persons: Donald Trump, Trump, Ron DeSantis, Nikki Haley, Haley, Kevin Roberts –, , can’t, Kamala Harris, Joe Biden’s, Biden, he’s, , Sen, Kevin Cramer, Trump’s, Vladimir Putin, Mike Quigley of, Jim Sciutto, CNN Max, Putin, Michael McFaul, Obama, ” McFaul, ” Trump, Ted Cruz, Marco Rubio, Alejandro Mayorkas, Mike Johnson, Mitch McConnell, reverberations, America’s, Christine Lagarde, Heritage’s Roberts, Roberts, that’s, ” Roberts, Jamie Dimon, ” Dimon, Philipp Hildebrand, Emmanuel Macron, ” Macron Organizations: CNN, Florida Gov, South Carolina Gov, New Hampshire, Trump, Economic, Business titans, Heritage Foundation, Republicans, Capitol, GOP, Representatives, Republican, North Dakota Republican, Ukraine, Democratic, Congressional Ukraine Caucus, White, Spirit of, Homeland, US, Colorado Supreme, America, tony, European Central Bank, NATO, CNBC, ” BlackRock, Swiss National Bank Locations: Iowa, Washington, Ukraine, New, Davos, Swiss, Mike Quigley of Illinois, Moscow, Russian, Spirit of America, Ted Cruz of Texas, Marco Rubio of Florida, Europe, Iran, Paris, Switzerland, it’s, China, United States, France
On Thursday, an American Airlines plane slid off a snowy taxiway in Rochester, New York, after a flight from Philadelphia. Thousands of residents have been without power since Saturday in parts of Oregon’s Willamette Valley after an ice storm caused extensive damage. “We do have a generator that we got last year, and right now it’s running an oil plug-in heater," she said. In Mississippi’s capital city, an estimated 12,000 customers were dealing with low water pressure Thursday, another setback for Jackson’s long-troubled water system. ___Associated Press journalists Jonathan Mattise and Kristin M. Hall in Nashville and Adrian Sainz in Memphis contributed.
Persons: , it’s, , Jamie Kenworthy, I’ve, Ronald Briggs, Crews, Will Compton, , ” Compton, Aaron Robison, Jackson, Ted Henifin, Jonathan Mattise, Kristin M, Adrian Sainz Organizations: . New, National Weather Service, American Airlines, Portland Public Schools, Authorities, Tennessee Valley Authority, Country Music Hall of Fame, Associated Press, Hall Locations: PORTLAND, Oregon, Tennessee, . New York, New Jersey, Pennsylvania, Rochester , New York, Philadelphia, West Coast, Willamette, Jasper, Lane County, , Portland , Oregon, Portland, Nashville, North Dakota’s, Washington, Seattle, In Kansas, Memphis
Maskot | Maskot | Getty ImagesHow the child tax credit worksThe child tax credit is meant to help families navigating the expense of raising a child. "The intent behind the child tax credit is to give parents a bit of a break," said Ted Rossman, a senior industry analyst at Bankrate. The child tax credit was temporarily expanded during the pandemic, but expired at the end of 2021. Now, Lawmakers are considering an $87 billion bipartisan tax agreement that could once again boost the child tax credit starting in 2023. "The child tax credit is very broadly applied," Rossman said.
Persons: Ted Rossman, Rossman Organizations: Maskot
The state of Wall Street's drug culture
  + stars: | 2024-01-19 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +6 min
In today's big story, we're looking at the state of Wall Street's drug culture. What's on deck:AdvertisementBut first, does Wall Street have a drug problem? The big storyHigh on Wall StreetVartika Sharma for BIOf the many stereotypes about Wall Street, one of the most prevalent is the industry's rampant drug use. From Martin Scorsese's "The Wolf of Wall Street" to HBO's "Industry," extreme drug use and working in finance are often portrayed as being hand-in-hand. Business Insider's finance team spoke to more than a dozen current and former finance professionals, along with several health professionals, to get a sense of Wall Street's drug culture these days.
Persons: , Jennifer Lopez's, Vartika Sharma, Martin Scorsese's, JAMES ARTHUR GEKIERE, Marty Chavez, Goldman Sachs, Chavez, that's, It's, Ted Shaffrey, Justin Sullivan, MGM Studios Jen Salke, Rachel Weisz, Alice Birch, MGM Studios Sue Kroll, Kevin Mazur, they'll, Josephine Maida, I've Organizations: Service, Business, BI, Sixth, Apple, Netflix, Big Tech, Tech, Amazon, MGM Studios, Apple Vision, Schlumberger Locations: Wall
Jack Burke Jr., who was the oldest living Masters champion and staged the greatest comeback ever at Augusta National for one of his two majors, died Friday in Houston. Burke, a member of the World Golf Hall of Fame, also won the PGA Championship and was equally skilled as a teacher. He built the fabled Champions Golf Club in Houston and delivered lessons along with a dose of homespun wisdom. His passing was confirmed by Steve Timms, the CEO and president of the Houston Golf Association who spoke with Burke's wife, Robin. Burke was part of the original PGA Hall of Fame in Pinehurst and was among PGA champions not ushered into the new World Golf Hall of Fame when it opened in 1998 in Florida.
Persons: Jack Burke Jr, Burke, , Steve Timms, Burke's, Robin, Ken Venturi, Venturi, Ted Kroll, Burke’s, Jack Burke, , I’m, ” Burke, Claude Harmon, Winged, Bing Crosby, Ben Hogan, Arnold Palmer, Harmon, Jack Grout, Johnny Revolta, Paul Runyan, , ’ I’m Organizations: Augusta National, Hall of Fame, PGA, Golf Club, Houston Golf Association, Masters, Ryder, Great Britain, River Oaks Country Club, Marines, Miramar, USGA, Metropolis Country, Bing Crosby Pro, Champions, Oakland Hills, of Fame, Curtis, Women’s Locations: Houston, Fort Worth, San Diego, New Jersey, New York, Churchill, Europe, Texas, Pinehurst, Florida
Morgan Stanley 's new CEO, Ted Pick, on Thursday expressed confidence his bank will hit financial targets of $10 trillion in client assets and a 20% return. Pick, a three-decade Morgan Stanley veteran who took over this month, said he has three priorities: sticking to the strategy laid out by predecessor James Gorman, maintaining the bank's culture and achieving their targets. Pick's predecessor guided Morgan Stanley in the aftermath of the 2008 financial crisis that nearly capsized the investment bank. "Part of the reason the boss had so much success is he kind of guided the place to a durable narrative instead of the herky-jerky, unpredictable Morgan Stanley," Pick said. The firm's "secret sauce" is in the combination of a leading investment bank with its wealth management operations, he added.
Persons: Morgan Stanley, Ted Pick, James Gorman, Pick, Gorman, Morgan, Goldman Sachs Organizations: CNBC, Economic, Federal Reserve, CNBC PRO Locations: Davos, Switzerland, U.S
Trump has also baselessly questioned whether Vice President Kamala Harris, whose parents are immigrants, was eligible. Sen. Marco Rubio, the Florida Republican who Trump also bested in that 2016 primary with taunts of “Little Marco,” also again endorsed Trump this week. It is actually Trump who faces more legitimate questions about his eligibility under the 14th Amendment. It is not true, as he alleges, that Democrats can take part in the GOP primary. “You have a group of people coming in that are not Republicans, and it’s artificially boosting her numbers here,” Trump said.
Persons: Donald Trump’s playbook, Barack Obama, Hussein, Trump, Kamala Harris, Ted Cruz, John F, Kennedy, Lee Harvey Oswald, Cruz, Trump’s, Sen, Marco Rubio, “ Little Marco, , Nikki Haley, Haley, , ” Haley, Joe Biden, Ron DeSantis, DeSantis, Jeff Zeleny, “ He’s, Nia, Malika Henderson, ” Henderson, Haley’s, ” Trump, E, Jean Carroll, Carroll, Utah Sen, Mitt Romney, Romney, CNN’s Manu Raju, Biden, Donald Trump, ” Romney, Raju Organizations: CNN, White, GOP, Republican, National Enquirer, Florida Republican, Trump, South, United Nations, Supreme, Florida Gov, Bloomberg, CNN New Locations: Texas, Cuba, Iowa, Florida, New Hampshire, South Carolina, Maine, Colorado, CNN New Hampshire, Utah
Rather, it's about how Cruz and his allies complained in 2016 about how non-Republican voters helped hand the nomination to Trump. Trump ran away with the 2016 Republican presidential nomination in part due to his sheer dominance in these so-called "open primaries." Trump's advantage in open primaries in 2016 was unmistakable. Despite holding a polling advantage in the weeks leading up to the 2016 Iowa caucuses, Trump narrowly lost the state to Cruz. But his apparent reversal on open primaries is quite simply yet another sign of his hostile takeover of the GOP.
Persons: Donald Trump, Sen, Ted Cruz, Trump, Cruz, Nikki Haley, detest, It's, Nikki, Haley, AnnMarie Graham, Barnes, Joe Biden's, There's Organizations: Service, Republican, Democratic, Business, White, Republican Party, National Conference of State Legislatures, CNBC, Trump, Cruz, Republican National Convention, GOP Locations: New Hampshire, Florida, Iowa, Cruz . Iowa
Once the new "love interest" gains your trust, they may claim that someone close to them is sick, hurt or in jail. Another frequent lie from an online "love interest" is an offer to help invest in cryptocurrency. How to avoid romance scams: Talk to friends or family about a new love interest and pay attention if they're concerned. Don't share with a love interest any personal information, usernames, passwords or one-time codes that others can use to access your accounts or steal your identity. Employment scamsBusiness and job-related scams are another top category of financial fraud, and with companies laying off workers, these schemes are likely to continue in 2024.
Persons: , Fraudsters, General Merrick B, Garland, Michael Bruemmer, Ted Rossman, you've, they've, it's Organizations: Istock, Getty, U.S, CNBC, FTC, cryptocurrency Locations: cryptocurrency
A decade ago, as the sex educator Emily Nagoski was researching and writing her first book, “Come as You Are” — a soon-to-be best seller exploring the science of women’s sexuality — she and her husband stopped having sex. Nagoski began appearing everywhere, reassuring women that their sexuality was not a problem that needed to be solved or treated. She talked to the author Glennon Doyle and her wife, the soccer player Abby Wambach, about body image and shame on their podcast. She published a workbook to help women better understand their sexual temperament and sexual cues. “Like, how can I be an ‘expert’ — and I say that with heavy, heavy air quotes — and still be struggling in this way?”
Persons: Emily Nagoski, , Nagoski, Glennon Doyle, Abby Wambach, Rich Stevens —, , ” Nagoski, ’ — Organizations: TED Locations: Easthampton
New York CNN —Mark Thompson, on his 100th day as CNN’s new leader, sent his 4,000-person strong workforce a 2,300-word memo that said both a lot and very little at the same time. Thompson began his manifesto by referencing how CNN’s founder, Ted Turner, revolutionized the news by introducing a 24/7 live-feed on cable television. That group, colloquially known internally as “The Quad,” is comprised of Virginia Moseley, executive vice president of editorial; Amy Entelis, executive vice president of talent; Eric Sherling, executive vice president of programming; and David Leavy, chief operating officer. Mike McCarthy, who has for years led CNN International, will become managing editor of CNN, reporting to Moseley, Thompson said. “Change is essential if we’re to secure this great news company’s future,” Thompson wrote.
Persons: Mark Thompson, Thompson, Ted Turner, , , ” Thompson, CNN “, Chris Licht, Virginia Moseley, Amy Entelis, Eric Sherling, David Leavy, Moseley, Mike McCarthy, Alex MacCallum, , CNN —, MacCallum, it’s, Ted Turner’s Organizations: New York CNN, CNN, CNN International, New York Times, Locations: New York
BAINBRIDGE, Ga. (AP) — Some local residents and an animal-rights group are protesting plans for a monkey-breeding facility in southwest Georgia. Political Cartoons View All 253 ImagesThe Bainbridge facility would provide a domestic source of monkeys to offset imports, the company said. “PETA urges Bainbridge officials to withdraw their support and shut down this project before a shovel hits the dirt," she wrote. The company and local officials said the nonprofit and community's concerns are baseless. Local officials in December agreed to property tax breaks for the project — waiving them for the first 10 years and then gradually decreasing tax breaks until they end after 20 years.
Persons: didn’t, Charles River, we’d, ” Ted Lee, Lisa Jones, Engel, ” Jones, Bainbridge, Rick McCaskill, ” McCaskill Organizations: Council, Medicine, Charles River Laboratories, PETA, Development Authority of, Local Locations: BAINBRIDGE, Ga, Georgia, Bainbridge, Cambodia, Brazoria County , Texas, Houston, U.S, Development Authority of Bainbridge & Decatur County
Spirit Airlines , JetBlue Airways — The airline stocks slid after a federal judge blocked JetBlue Airways' proposed $3.8 billion acquisition of Spirit Airlines. JetBlue shares fell nearly 1%, while Spirit Airlines dropped more than 20%. SolarEdge Technologies — The solar stock fell 5% following a downgrade by Barclays to underweight from equal weight. Twist Bioscience — Shares climbed 3.2% on the heels of an upgrade to buy from neutral at Goldman Sachs. Ford — Shares shed 2.3% on the back of a UBS downgrade to neutral from buy.
Persons: Sinclair —, Sinclair, Goldman Sachs, Davidson, William Blair, Nutanix, Wolfe, Uber, Tesla, Morgan Stanley —, Ted Pick, Visteon, Morgan Stanley, Morgan, , Sarah Min, Yun Li, Jesse Pound, Michelle Fox Organizations: Spirit Airlines, JetBlue Airways —, JetBlue Airways, Bank of America Securities, Susquehanna Financial, JetBlue, LSEG, Diamond Sports Group, Diamond, Technologies, Barclays, Goldman, , Broadcom, VMware, Deutsche Bank, Ford —, UBS, JPMorgan, Polaris, Mattel Locations: Rivian, China
Read previewRepublican Sen. Ted Cruz endorsed former President Donald Trump as the GOP's 2024 presidential nominee on Tuesday. His backing comes less than two weeks after a report emerged detailing how Trump said the senator "shouldn't even exist." "So I am proud to endorse Donald Trump for President of the United States. "I'm going to tell you what I really think of Donald Trump," Cruz said. AdvertisementLess than two months before the 2016 election, Cruz relented and endorsed Trump as a way to combat Hillary Clinton.
Persons: , Sen, Ted Cruz, Donald Trump, Trump, Cruz, Cruz's, John F, Hillary Clinton Organizations: Service, Business, The New York Times, Fox News, Republican Party, Republican Locations: Iowa, United States
SALT LAKE CITY (AP) — The U.S. Forest Service on Wednesday withdrew its approval of a right-of-way permit that would have allowed the construction of a railroad project through about 12 miles (19 kilometers) of roadless, protected forest in northeastern Utah. It would allow them to access larger markets and ultimately sell to refineries near the Gulf of Mexico. An attempt to reach the Seven County Infrastructure Coalition, which is spearheading the project, was unsuccessful Wednesday evening. In the August ruling, the Washington, D.C.-based appeals court decided that a 2021 environmental impact statement and opinion from the federal Surface Transportation Board were rushed and violated federal laws. The Forest Service's decision Wednesday to withdraw its approval was based on the appeals court ruling, but Ashley National Forest Supervisor Susan Eickhoff said the agency could issue a new decision if deficiencies in the environmental impact statement are addressed.
Persons: , Ted Zukoski, Susan Eickhoff Organizations: LAKE CITY, U.S . Forest Service, Wednesday, Railway, Center for Biological Diversity, County Infrastructure Coalition, D.C, Transportation Board, National Locations: U.S, Utah, Ashley, Uinta, Gulf of Mexico, Colorado, Gulf, Washington, Eagle
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. "All parabolic moves end badly," Jim Cramer said Wednesday. Morgan Stanley was on a six-session losing streak, including Wednesday's decline. Morgan Stanley shares sank more than 4% on Tuesday after comments on the post-earnings conference call about wealth management margin consolidation. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: Jim Cramer, Jim, Morgan Stanley, Ted Pick's, James Gorman, Disney, Nelson Peltz's, Gorman, Nelson Peltz, Jim Cramer's Organizations: CNBC, Disney Locations: U.S, Europe
Following the ruling, Bank of America downgraded Spirit to an underperform rating, while Susquehanna downgraded the airline to negative. Rivian — The electric vehicle manufacturer slid nearly 8% following a downgrade to a hold rating from Deutsche Bank. Polaris , Mattel — The stocks moved following rating changes from Morgan Stanley. Meanwhile, toymaker Mattel slid 2.8% after Morgan Stanley downgraded shares to equal weight, citing lofty consensus estimates and a tough 2024 outlook. Marathon Digital — The crypto mining firm slid 3% during Wednesday's trading session.
Persons: JetBlue's, Sinclair —, Sinclair, SolarEdge — SolarEdge, Teladoc, Davidson, Nutanix, William Blair, Uber, Ford, Morgan Stanley —, Ted Pick, Morgan Stanley, TD Cowen, Gregory Lewis, , Alex Harring, Yun Li, Pia Singh, Samantha Subin Organizations: Spirit Airlines, JetBlue Airways —, Bank of America, Susquehanna, Interactive, LSEG, Diamond Sports Group, Diamond, Barclays, Broadcom, VMware, Wolfe Research, Deutsche Bank, UBS, JPMorgan, Polaris, Mattel, Automotive, Boeing, Federal Aviation Administration, BTIG, Marathon Digital Locations: Europe, China
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