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☆ Here's a rapid-fire update on all 36 stocks in the Club's portfolio, including 2 recent buys
▼ + stars: | 2023-08-17 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +14 min

Here's a rapid-fire update on all 36 stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Apple remains an "own it, don't trade it" stock, Jim said. Halliburton (HAL): Given we just added a new stock to the portfolio, Jim said Halliburton may be the stock we look to cut ties with. The lesson with P & G is that, sometimes, there's nothing to do but hold a stock, Jim said. Stanley Black & Decker (SWK): The maker of DeWalt and Craftsman tools is one of the best bargains in our portfolio, Jim said.

Persons: Jim Cramer's, Jim, it's, We're, —, he's, he'll, we're, Dupont, Walt Disney, Estee Lauder, Locker, Mary Dillon's, Halliburton, Humana, Humana's, Linde, Eli Lilly, there's, Mark Zuckerberg's, Jim said, Morgan Stanley, James Gorman, Nikesh Arora, Elliott Management's, Elliott, Stanley Black, Decker, It's, Wells Fargo, Wells, Charlie Scharf —, Jim Cramer, Jim Cramer Rob Kim Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple, Devices, AMD, Nvidia, Amazon, Federal, Bausch Health, Caterpillar, Costco, Coterra Energy, DuPont de Nemours, Comcast, Emerson, Emerson Electric, Ford, United Auto Workers, GE HealthCare Technologies, Big Tech, NFL, Halliburton, HAL, Texas, Honeywell International, Honeywell, Linde, LIN, Facebook, Reality Labs, Microsoft, Oracle, Palo Alto Networks, Procter & Gamble, Natural Resources, Starbucks, Constellation Brands, TJX, Goods, Wynn Resorts, WYNN, Jim Cramer's Charitable Locations: Bausch, China, Hulu, NBCUniversal, Palo, Macao

☆ Cybersecurity 'still number one on the agenda in boardrooms,' Cramer says as Palo Alto reports
▼ + stars: | 2023-08-17 | by ( Morgan Chittum | ) www.cnbc.com time to read: +5 min

Palo Alto Networks is set to release earnings for its fiscal fourth quarter on Friday after the closing bell. The firm predicted Palo Alto could reach a valuation of $100 billion over the next few years, a sizeable upside from its current $65 billion market capitalization. Palo Alto's edge Palo Alto has a track record of overcoming market headwinds in the long term. In a saturated cybersecurity market, Palo Alto is the "only real soup-to-nuts cyber play ," Jim said recently, allowing it to dominate the field. Signage outside Palo Alto Networks headquarters in Santa Clara, California, U.S., on Thursday, May 13, 2021.

Persons: Palo, Jim Cramer, Wolfe, Nikesh Arora's, That's, Tenable, Jim, Jim Cramer's, David Paul Morris Organizations: Palo Alto Networks, Alto Networks, Palo Alto, Barclays, RBC Capital Markets, Nike Inc, Wolfe Research, Palo, CNBC, Bloomberg, Getty Locations: Palo Alto, Palo, PANW, Santa Clara , California, U.S

☆ S&P 500 futures are little changed after major indexes post third straight losing day: Live updates
▼ + stars: | 2023-08-17 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

S&P 500 futures were little changed Thursday night after the major averages dropped for a third straight day. Dow Jones Industrial Average futures rose by 11 points, or 0.03%. S&P 500 futures and Nasdaq 100 futures dipped 0.02% and 0.12%, respectively. Meanwhile, the S&P 500 declined 0.77%, and the Nasdaq Composite slid 1.17%. Meanwhile, the S&P 500 is headed for a third straight week of losses, a streak that hasn't happened since February.

Persons: Group's Guy Adami, CNBC's, Dow Organizations: NYSE, Dow Jones Industrial, Nasdaq, Materials, Ross Stores, Dow, Treasury, Federal Reserve, Dow Transports, Russell, Palo Alto Networks

☆ It's peak petty season for tech bros right now
▼ + stars: | 2023-08-16 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

Pettiness is the order of the day for prominent tech bros.Elon Musk, Mark Zuckerberg, and others are behaving similarly amid their rivalries with each other. It comes at an awkward moment: petty season has come straight after layoff season. Whatever the case, it's got tech bros stooping to new depths of pettiness. Musk's response, in peak petty fashion, was to suggest that he'd rock up at Zuck's home in Palo Alto and fight him there. Tens of thousands of tech workers have been laid off in recent months amid claims that they need to get serious.

Persons: Pettiness, Elon Musk, Mark Zuckerberg, it's, Dana White, Zuck, Satya Nadella, Microsoft's, OpenAI, Nadella, Jack Dorsey, Jeff Bezos Organizations: bros, Morning, New York Times, Facebook, Washington Post, UFC, Tech bros Locations: Silicon Valley, Musk's, Palo Alto, Zuck

☆ An NYU professor with 560,000 followers says he's been locked out of his X account for over 2 weeks after declining to meet with Elon Musk
▼ + stars: | 2023-08-16 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

NYU professor Scott Galloway said he's been locked out of his 564,000 follower X account for 17 days. Galloway said a mutual friend told him Elon Musk felt "unfairly attacked" and wanted to meet him. Scott Galloway, a marketing professor at NYU who's also known as an author and public speaker, said he was locked out of his X account after a quarrel with Elon Musk. "A mutual friend reached out and said Elon feels 'unfairly attacked,' by me, and wants to meet," Galloway posted on Threads. He said that two days later he could no longer access his X account, which has over half-a-million followers.

Persons: Scott Galloway, he's, Galloway, Elon Musk, Galloway's, Musk, NYU who's, Elon, Tesla, Andrew Tate, hadn't, Mark Zuckerberg Organizations: NYU, Twitter, Reuters Locations: Tesla, Palo Alto

☆ Here are Wednesday's biggest analyst calls: Amazon, Tesla, Nio, Nvidia, Roblox, Dick's and more
▼ + stars: | 2023-08-16 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Goldman Sachs reiterates Amazon as buy Goldman Sachs said the e-commerce giant remains a top idea at the firm. Jefferies reiterates Cava as buy Jefferies said it's sticking with its buy rating on shares of Cava after the Mediterranean restaurant's earnings report Tuesday. Jefferies reiterates Roblox as buy Jefferies said it's standing by its buy rating on Roblox but that it's lowering its price target to $38 per share from $50. "We reiterate our Buy rating on sequential improvement in product offerings and sales volume." Wedbush reiterates Dick's as outperform Wedbush said it's bullish on shares of Dick's heading into earnings next week.

Persons: Tesla, Bernstein, DINO, MGY, Goldman Sachs, Jefferies, Cava, Roblox, it's, Bud Light, Beer, KeyBanc, FTNT, Dr Pepper, Wells, Wells Fargo, Marqeta, Nio, Wedbush, Morgan Stanley, Getty Organizations: Street, Barclays, Mizuho, Chevron, North American, Citi downgrades, Citi, Deutsche Bank, Anheuser, Busch InBev, Nvidia, Network, Palo, UBS, GE HealthCare, Bank of America, Corp, News Corp, Getty Locations: MTDR, eCommerce, Cava, Singapore

☆ Here's what you can do if you're looking to get into this leading cybersecurity stock
▼ + stars: | 2023-08-15 | by ( Jeff Marks | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. We started a position in Oracle (ORCL), an established leader in business software that's really ramping up its cloud business. 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. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, Stocks, Jim Cramer's, Jim Organizations: CNBC, Dow, Nasdaq, Amazon, Oracle, Amazon's, Google, Microsoft, Palo Alto Networks, Palo, Deutsche Bank Locations: China, Palo Alto

☆ Mark Zuckerberg dismisses Elon Musk's latest attempt to egg him into a backyard fight: 'Mark takes this sport seriously and isn't going to fight someone who randomly shows up at his door'
▼ + stars: | 2023-08-15 | by ( Kelsey Vlamis | Grace Kay | ) www.businessinsider.com time to read: +3 min

The saga of Elon Musk and Mark Zuckerberg's will-they-won't-they fight continues. Musk on Monday said he was going to show up at Zuckerberg's door for a fight and livestream it on X. "Will also test latest X livestream video, so you can monitor our adventure in real-time!" In a follow-up post, Musk predicted Zuckerberg would post a thread about how he would "love to fight anytime, but blah blah UFC something something." Also, Mark takes this sport seriously and isn't going to fight someone who randomly shows up at his door," a Meta spokesperson said.

Persons: Elon Musk, Mark Zuckerberg's, Zuckerberg, Mark Zuckerberg, Elon Musk's, Musk, Will, Mark, Tesla, hasn't, Linda Yaccarino, Elon isn't, Elon, Drew Harwell Organizations: Twitter, MMA, Washington Post Locations: Palo Alto

☆ Here are Tuesday's biggest analyst calls: Disney, Nvidia, Ford, Walmart, JPMorgan, Palo Alto and more
▼ + stars: | 2023-08-15 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Daiwa reiterates Disney as buy Daiwa is standing by its buy rating on Disney after the company's earnings report last week. Deutsche Bank reiterates Palo Alto Networks as buy Deutsche Bank is bullish heading into earnings later this week. Barclays reiterates Walmart as overweight Barclays is bullish heading into earnings later this week. " Bank of America downgrades Phillips 66 and Marathon Petroleum to neutral from buy Bank of America downgraded several refiners and said the risk/reward is "no longer compelling." Bank of America initiates Turnstone Biologics as buy Bank of America said the biopharmaceutical company is well-positioned.

Persons: it's, Daiwa, KBW, Berkshire Hathaway, Morgan Stanley, Pharvaris, Wells Fargo, Wells, it's bullish, Hannon Armstrong, KeyBanc, PSTG, " Bank of America downgrades Phillips, DINO, Ford Organizations: UBS, Nvidia, Disney, Deutsche Bank, Networks, JPMorgan, Citigroup, Bank of America, ISI, Barclays, Walmart, " Bank of America, of America, Marathon Petroleum, U.S, MPC, Ford

☆ Bankman-Fried used $100 mln in stolen FTX funds for political donations, US says
▼ + stars: | 2023-08-14 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +3 min

Bankman-Fried has previously pleaded not guilty to stealing billions of dollars in FTX customer funds to plug losses at Alameda Research, his crypto-focused hedge fund. Kaplan jailed him last Friday ahead of his Oct. 2 trial, after finding probable cause that Bankman-Fried tampered with witnesses. The November 2022 collapse of FTX after a flurry of customer withdrawals destroyed his wealth and stained his reputation. Bankman-Fried's indictment does not name the two people prosecutors say he used for "straw donors" to donate money at his direction. He donated $9.7 million to Democratic candidates and causes, and said in court he knew the money came from FTX customers.

Persons: Sam Bankman, Eduardo Munoz, Fried, FTX, District Judge Lewis Kaplan, Mark Botnick, Kaplan, Palo, Nishad Singh, Ryan Salame, Singh, Luc Cohen, Chris Reese, David Gregorio, Jonathan Oatis Organizations: REUTERS, Republicans, U.S, District, Alameda Research, Democratic, Federal, Commission, Republican, Bloomberg, Thomson Locations: New York, U.S, Manhattan, Bahamas, Palo Alto , California, San Jose , California

☆ Here are the 13 stocks Jim Cramer is watching, including Palo Alto, Eli Lilly, Boeing
▼ + stars: | 2023-08-14 | by ( Jim Cramer | ) www.cnbc.com time to read: +2 min

AMC (AMC): judge rules in favor of APEs. 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. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Morgan Stanley, Eli Lilly, Bang, Goldman Sachs, David Solomon, Jim Cramer's, Jim Cramer, Jim Organizations: Alto Networks, UBS, Analysts, Mounjaro, Comcast, Union, AMAT, Nvidia Boston Properties, AMC, Boeing, Bank of America, Northrop, Parsons, Beverage, HSBC, New York Times, Jim Cramer's Charitable, CNBC Locations: Susquehanna

☆ Jim Cramer talks about his 'favorite stock,' telling investors to buy some as we did last week
▼ + stars: | 2023-08-14 | by ( Jeff Marks | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Morgan Stanley also thinks Palo Alto could potentially win its largest deal ever with Defensive Department. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, they're, Morgan Stanley, Piper Sandler, Jim, GEHC, Palo, Jim Cramer's Organizations: CNBC, Nvidia, Coterra Energy, Club, GE Healthcare, Palo Alto Networks, Department

REUTERS/David Dee Delgado/File PhotoNEW YORK, Aug 14 (Reuters) - Sam Bankman-Fried will prepare for his fraud trial from a Brooklyn jail where inmates ranging from convicted sex trafficker Ghislaine Maxwell to Honduras' former president have complained of subpar conditions. In recent years, MDC has been plagued by persistent staffing shortages, power outages and maggots in inmates' food. Earlier this year, a guard pleaded guilty to accepting bribes to smuggle in drugs. It is now the jail housing detainees awaiting federal trials in New York City, after the Manhattan Correctional Center closed in 2021 for improvements. Reporting by Luc Cohen in New York; Editing by Noeleen Walder and Daniel WallisOur Standards: The Thomson Reuters Trust Principles.

Persons: Sam Bankman, David Dee Delgado, Fried, Ghislaine Maxwell, District Judge Lewis Kaplan, Maxwell, Jeffrey Epstein, Hannibal Lecter's, Epstein, Kaplan, Juan Orlando Hernandez, Guo Wengui, Hernandez, Luc Cohen, Noeleen Walder, Daniel Wallis Organizations: FTX, REUTERS, District, Detention, MDC, The U.S . Bureau of Prisons, Manhattan Correctional Center, MCC, Fox, U.S . State Department, Thomson Locations: Manhattan, New York City, U.S, Brooklyn, Honduras, Palo Alto , California, Brooklyn's, United States, Florida, The, Putnam County, Bahamas, Chinese, New York

☆ Elon Musk leaks chat logs where he bizarrely taunts Mark Zuckerberg for being too small to beat him, unlike a 'modern day Bruce Lee'
▼ + stars: | 2023-08-14 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Elon Musk said he would likely beat Mark Zuckerberg in a fight given the difference in their sizes. In the thread, Musk said he would win unless Zuckerberg is a "modern day Bruce Lee." "I have not been practicing much, apart from a brief bout with Lex Fridman today," Musk told Zuckerberg, per the screenshot. Representatives for Zuckerberg at Meta did not immediately respond to a request for comment from Insider sent outside regular business hours. Representatives for Musk at X did not immediately respond to a request for comment from Insider sent outside regular business hours.

Persons: Elon Musk, Mark Zuckerberg, Zuckerberg, Musk, Bruce Lee, he's, Walter Isaacson, Isaacson, Lex Fridman, Musk —, hasn't Organizations: Sunday, Meta Locations: Palo Alto, Rome

☆ One Championship CEO: Zuck Is 'Legit' Fighter, Far Outclasses Musk
▼ + stars: | 2023-08-14 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +3 min

ONE Championship CEO Chatri Sityodtong says Mark Zuckerberg is a "legit" fighter. A prominent martial-arts CEO says he's seen Mark Zuckerberg fight, and that Elon Musk should be really nervous about his chances in the ring. However, there is a wide disparity in skill level and fitness level," Chatri told the SCMP. Chatri also had some fighting words for Elon Musk. "If he really wanted to fight Mark, he wouldn't be making up all these conditions, excuses, and stipulations," Chatri said.

Persons: Chatri Sityodtong, Mark Zuckerberg, Zuckerberg, Musk, Chatri, he's, Elon, Sityodtong, Elon Musk, goading Zuckerberg, Mark, hasn't Organizations: Morning, ONE, South China Morning, Palo, Meta, Twitter Locations: Elon

☆ Bankman-Fried used customer funds for $100 million in U.S. political donations, prosecutors charge
▼ + stars: | 2023-08-14 | by ( ) www.cnbc.com time to read: +2 min

Sam Bankman-Fried used stolen customer funds to make more than $100 million in political campaign contributions ahead of the 2022 U.S. midterm elections, federal prosecutors said on Monday in a new indictment filed against the FTX cryptocurrency exchange's founder. The new indictment charges the 31-year-old former billionaire with seven counts of conspiracy and fraud over the collapse of the exchange. He has previously pleaded not guilty to charges of stealing billions in FTX customer funds to plug losses at Alameda Research, his crypto-focused hedge fund. But the November 2022 collapse of FTX - after a flurry of customer withdrawals due to concerns about commingling of FTX and Alameda funds - decimated both his wealth and his reputation. He had previously been largely confined to his parents' Palo Alto, California, home on $250 million bond since his extradition.

Persons: Sam Bankman, Fried, Mark Botnick, Prosecutors, Bankman, FTX, District Judge Lewis Kaplan, Kaplan, Palo Organizations: FTX, Alameda Research, Democratic, Attorney's, U.S, District Locations: Manhattan, New York City, U.S, FTX, Alameda, Bahamas, United States, Palo Alto , California

☆ Zuckerberg dismisses Musk for avoiding cage fight: 'It’s time to move on'
▼ + stars: | 2023-08-13 | by ( Julianne Mcshane | ) www.cnbc.com time to read: +3 min

The long-hyped possibility of a cage match between tech titans Mark Zuckerberg and Elon Musk appears to be no more, after Zuckerberg dismissed Musk for allegedly delaying their anticipated showdown in the ring. But in his latest comments on the matter, Zuckerberg said that while he was ready to fight, Musk kept coming up with reasons he couldn't. Musk previously claimed he may need surgery before fighting his rival. Shortly after, in responding to an X user who joked about Zuckerberg being trained in the Brazilian combat sport of jiujitsu, Musk responded, "I'm up for a cage match if he is lol." Musk and Zuckerberg are the second and 16th richest people on the planet, respectively, according to Forbes' most recent list of billionaires.

Persons: Mark Zuckerberg, Elon Musk, Zuckerberg, Musk, Elon isn't, Dana White, Elon, Meta, Andy Stone, — that's, Forbes Organizations: Facebook, Meta, Twitter, Las, New York Times, UFC, TMZ Locations: Las Vegas, Palo

☆ What we want to see from retail sales and 3 Club earnings in the week ahead
▼ + stars: | 2023-08-12 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

State of the consumer: Retail sales for July are out on Tuesday. Key retail earnings reports from Walmart (WMT), Target (TGT) and Tapestry (TPR) will also provide clues on the health of the consumer. Earnings : On Wednesday morning, we hear from Club holding TJX Companies (TJX). Prior retail sales data has shown monthly sales growth at clothing and clothing accessory stores accelerate throughout the quarter, rising 0.14% monthly in April, 0.3% in May and 0.6% in June. For those looking to review first-quarter performance ahead of these releases, be sure to keep our first-quarter earnings report card handy.

Persons: We'll, Estee Lauder, we've, Palo, Cardinal Health, JD.com, Brinker, BILL, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Nasdaq, Dow Jones, Investors, Walmart, TJX Companies, Palo Alto Networks, Embraer, Energy, Getty, Sea Ltd, Cardinal, Nu Holdings, Housing, ZIM, Food, Colgate, Palmolive, Cisco Systems, Chemical & Mining, Keysight Technologies, Ross Stores, Deere & Company, Alto Networks, Jim Cramer's Charitable, CNBC Locations: China, Dole, DOLE, Manhattan, New York City

He had a blank expression as he was led out of the courtroom in handcuffs by members of the U.S. A July 20 article in the New York Times contained excerpts from Ellison's personal Google documents prior to FTX's collapse. She described being "unhappy and overwhelmed" with her job and feeling "hurt/rejected" from her personal break-up with Bankman-Fried. Sassoon said the defendant would be able to access an internet-enabled laptop there to review evidence to prepare for trial. Reporting by Luc Cohen in New York; Editing by Jonathan Oatis, Noeleen Walder and Rosalba O'BrienOur Standards: The Thomson Reuters Trust Principles.

Persons: Sam Bankman, District Judge Lewis Kaplan's, Caroline Ellison, Kaplan, Ellison, Barbara Fried, nodded, Joseph Bankman, Fried, Jane Rosenberg Bankman, Palo, Mark Cohen, Bankman, Cohen, Danielle Sassoon, Sassoon, Luc Cohen, Jonathan Oatis, Noeleen, Rosalba O'Brien Organizations: U.S, District, New York Times, Alameda Research, U.S . Marshals, Stanford University, REUTERS, Prosecutors, Times, Brooklyn's Metropolitan Detention, Correctional, Thomson Locations: U.S, Manhattan, Alameda, United States, New York, Palo Alto , California, New York City, Brooklyn's, Putnam

U.S. District Judge Lewis Kaplan announced the decision at a hearing in federal court in Manhattan, less than two months before the scheduled October fraud trial. He rejected a defense request to delay Bankman-Fried's detention pending appeal of the bail revocation. Bankman-Fried has been largely confined to his parents' Palo Alto, California, home on $250 million bond since his December 2022 arrest. Kaplan said he was concerned that Bankman-Fried showed the writings to the reporter during an in-person meeting at his parents' home. Bankman-Fried sat with his shoulders hunched, leaning forward on the table and fidgeting with a Post-It note as he heard the judge order him detained.

Persons: Sam Bankman, Eduardo Munoz, District Judge Lewis Kaplan, Fried, Barbara Fried, nodded, Joseph Bankman, Palo, Caroline Ellison's, Ellison, Kaplan, Donald Trump, Britain's Prince Andrew . Bankman, Mark Cohen, Cohen, Danielle Sassoon, Sassoon, Luc Cohen, Jonathan Oatis Organizations: REUTERS, Eduardo Munoz NEW YORK, U.S, District, Alameda Research, U.S . Marshals, Stanford University, Alameda, New York Times, Attorney's, Times, Brooklyn's Metropolitan Detention, Correctional, Thomson Locations: New York, U.S, Manhattan, Alameda, Palo Alto , California, New York City, Brooklyn's, Putnam

Sam Bankman-Fried, the founder of the collapsed cryptocurrency exchange FTX, was ordered to jail on Friday after a federal judge in New York revoked his bail, in a dramatic twist less than two months before the case was set to go to trial. Mr. Bankman-Fried, 31, had been under house arrest at his parents’ home in Palo Alto, Calif., since he was arrested in December on fraud charges stemming from FTX’s implosion. The decision was the latest extraordinary development in one of the most dramatic corporate implosions in recent memory. Over just a few weeks, Mr. Bankman-Fried went from an industry titan courted by politicians and celebrities to a criminal defendant facing decades in prison. Ms. Ellison has pleaded guilty to fraud charges and agreed to cooperate with the prosecutors investigating Mr. Bankman-Fried.

Persons: Sam Bankman, ’, Judge Lewis A, Kaplan, Fried, FTX, Caroline Ellison, Bankman, Ellison Organizations: Federal, Court, New York Times Locations: New York, Palo Alto, Calif, Manhattan

☆ Retailers take center stage in the week ahead, as Wall Street turns to the consumer for a much-needed boost
▼ + stars: | 2023-08-11 | by ( Sarah Min | ) www.cnbc.com time to read: +8 min

A raft of economic data and big retail earnings reports next week will give traders insight into the strength of the consumer after a mixed batch of inflation data. "Next week is all about the consumer," said Shannon Saccocia, investment chief at NB Private Wealth. The Nasdaq Composite fell for a second straight week for the first time in 2023 after mixed inflation data this week, as well as Moody's downgrading several regional banks. July's consumer price index came in weaker than expected, but continued to show some underlying stickiness. Housing data expected to show strength Investors will also watch data on what has been a strong housing market.

Persons: Shannon Saccocia, Saccocia, —, we've, John Porter, it's, Wealth's Saccocia, Kate Spade, Stuart Weitzman, Versace, Jimmy Choo, Michael Kors, That's, Sam Stovall, Stovall, CFRA's Stovall, Estee Organizations: Home Depot, Walmart, Federal Reserve, Nasdaq, Dow Jones, Newton Investment Management, FactSet, . Discount, TJX Companies, Ross, Homeowners, Price, Retail, Health, Home, Agilent Technologies, Housing, Manufacturing, TJX, Target, Cisco Systems, Philadelphia Fed, Applied, Deere, Co, Companies, Palo Alto Locations: U.S, NAHB, Housing States

☆ Top 10 things to watch in the stock market Friday, including hotter PPI and mega-cap pressure
▼ + stars: | 2023-08-11 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Top 10 things to watch Friday, Aug. 11 Stocks are lower to end the week. Apple (AAPL) and Nvidia (NVDA), the Club's two "own it, don't trade it" stocks and big 2023 winners, are under pressure again early Friday. Target (TGT) price target lowered to $142 per share from $163 by Barclays; and $160 from $200 by Guggenheim ahead of earnings next Wednesday. Credit Suisse raises its earnings estimates and price target on Walmart (WMT) to $180 from $170 ahead of its report next week. Club name Pioneer Natural Resources (PXD) price target raised to $281 per share from $275 at Stifel.

Persons: Dow, Stanley Black, Decker, Stanley, Eli Lilly, Piper Sandler, Piper, Guggenheim, Jim Cramer's, Jim Cramer, Jim Organizations: Caterpillar, Apple, Nvidia, Wolf Research, Citi, Merck, Cisco Systems, Arista Networks, Juniper Networks, Palo Alto Networks, Barclays, Credit Suisse, Walmart, Natural Resources, Energy, Halliburton, HAL, JPMorgan, Netflix, Jim Cramer's Charitable, CNBC Locations: Stifel

A New York judge will decide on Friday, during a hearing that starts at 2 p.m. ET, whether to send Sam Bankman-Fried to jail. Federal prosecutors have asked U.S. District Judge Lewis A. Kaplan to revoke the FTX founder's bail over alleged witness tampering. Kaplan previously issued a direct and stern warning to Bankman-Fried in July over his conversations with the media. The government told the judge in a letter that next week it plans to file a new superseding indictment.

Persons: Sam Bankman, District Judge Lewis A, Kaplan, Fried, Palo, billionaire's, Caroline Ellison, Ellison Organizations: U.S, District, The New York Times, Freedom, Press, Bankman, Alameda Research, Prosecutors, Bahamas Locations: York, Manhattan, Bankman, Palo Alto , California

Sam Bankman-Fried will head to jail on Friday after a judge sided with a request by federal prosecutors to revoke the FTX founder's bail over alleged witness tampering. Judge Lewis Kaplan denied Bankman-Fried's request for delayed detention pending an appeal. "My conclusion is there is probable cause to believe the defendant tried to tamper with witnesses at least twice," said Judge Kaplan during his ruling. Judge Kaplan previously issued a direct and stern warning to Bankman-Fried in July over his conversations with the media. It is an argument that proved sufficient to convince Judge Kaplan to send Bankman-Fried to jail ahead of his trial.

Persons: Sam Bankman, Fried, Judge Lewis Kaplan, Bankman, Kaplan, Kaplan's, Palo, billionaire's, Judge Kaplan, Caroline Ellison, Ellison Organizations: Brooklyn's Metropolitan Detention Center, The New York Times, Freedom, Press, New York Times, Bankman, Alameda Research, Times Locations: New York, Putnam , New York, Brooklyn's, Bankman, Palo Alto , California, Bahamas

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