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The European Commission in its 2016 decision said Apple benefited from two Irish tax rulings for more than two decades that artificially reduced its tax burden to as low as 0.005% in 2014. "The judgment of the General Court on 'tax rulings' adopted by Ireland in relation to Apple should be set aside," he said in a non-binding opinion. "It is therefore necessary for the General Court to carry out a new assessment," Pitruzzella said. Her biggest legal victory to date came in September when the General Court upheld her decision against a 700-million-euro Belgian tax scheme for 55 multinationals. Vestager is currently investigating IKEA brand owner Inter IKEA's Dutch tax arrangement in a case dating from 2017, Nike's (NKE.N) Dutch tax rulings and Finnish food and drink packaging company Huhtamaki's (HUH1V.HE) tax rulings granted by Luxembourg.

Persons: Mike Blake, Margrethe Vestager's, Apple, Apple's, Giovanni Pitruzzella, CJEU, Pitruzzella, Michael McGrath, Court’s, Vestager, Stellantis Organizations: REUTERS, Rights, EU, Apple, European Commission, of Justice, Justice, Court, Ireland, Dublin, Starbucks, IKEA, Inter IKEA's, Thomson Locations: La Jolla , California, U.S, Rights LUXEMBOURG, Ireland, Belgian, Luxembourg

☆ Patient Disney shareholders get some good news: The dividend is coming back
▼ + stars: | 2023-11-09 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

For the first time since 2020, Disney is planning to resume paying a dividend to shareholders as the media giant continues its turnaround amid historic industry shifts . "To that end, we will be recommending to the board that they declare a dividend by the end of this calendar year." Activist investor Nelson Peltz's Trian Fund Management, with $2.5 billion of Disney shares , has voiced his concerns about the elimination of dividends. Trian hasn't made a public statement since it ended its last activist campaign against Disney in January. Morgan Stanley said it looks forward to such a move, noting that Disney also suggested a return to share repurchases.

Persons: Kevin Lansberry, Nelson Peltz's, Trian hasn't, Lansberry, Bernstein, Morgan Stanley, Disney, Philip Cusick, — CNBC's Michael Bloom Organizations: Disney, Fund Management, Wall Street, ESPN

☆ Altimeter's Gerstner says he's taken down exposure, but still bullish on American companies
▼ + stars: | 2023-11-08 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Altimeter Capital Chair and CEO Brad Gerstner said Wednesday that he has reduced exposure on the stock market after this year's rally, but he remains bullish on American companies. "We've taken some risk off the table as prices have gone up, but we're still leaning forward and still bullish on America," Gerstner said on CNBC's " Squawk Box ." The tech investor revealed that his net exposure today is 60%, down from 93% at the beginning of the year. However, as for buying opportunities in technology names, Gerstner cautioned that not all tech is created equal. The widely followed investor listed Upstart as one of the companies that enjoyed outsized boost from the pandemic.

Persons: Brad Gerstner, We've, Gerstner, haven't, Robinhood Organizations: Nasdaq Locations: America, Ukraine, Israel

☆ Exclusive: EU to ask YouTube, TikTok for details on measures protecting minors
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: 1 min

BRUSSELS, Nov 8 (Reuters) - Google’s (GOOGL.O) YouTube and TikTok will be asked by EU industry chief Thierry Breton to provide information on how they comply with new EU online content rules regarding the protection of children, a person with direct knowledge of the matter told Reuters on Wednesday. Breton will send his request to the companies on Friday, the source added. The new EU rules known as the Digital Services Act (DSA) requires Big Tech to do more to fight harmful and illegal online content, especially content that targets minors. The DSA also forces the companies to be more transparent on their algorithmic processes, bots and targeted advertisements that amplify content and do more to tackle illegal, unsafe or counterfeit products sold on their platforms. Reporting by Foo Yun Chee; Editing by Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles.

Persons: Thierry Breton, Breton, Foo Yun Chee, Lisa Shumaker Organizations: YouTube, Reuters, EU, Digital Services, Big Tech, DSA, Thomson Locations: BRUSSELS

☆ Greenlight's David Einhorn — up 27% this year — is on a 'buyers' strike' and worries about geopolitics
▼ + stars: | 2023-11-08 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Einhorn's hedge fund returned 12.9% in the third quarter, bringing its 2023 gains to 27.7%. "The complacent investor view that geopolitics should be ignored might be true, except for the times when it isn't. "Higher oil prices would squeeze the consumer and likely cause a recession. His stellar track record made him one of the most followed hedge fund managers on Wall Street. Einhorn said his biggest winners in the third quarter were Consol Energy , Capri Holdings and Black Knight.

Persons: Greenlight Capital's David Einhorn, Einhorn, Russia's, he's, Black Knight Organizations: CNBC, Federal Reserve, West, Cornell grad, Greenlight Capital, Wall, Consol Energy, Capri Holdings, Black Locations: Ukraine, U.S, West Texas

☆ Stocks making the biggest moves midday: Warner Bros., Occidental Petroleum, Rivian, Toast and more
▼ + stars: | 2023-11-08 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Upstart Holdings — Stock in the artificial intelligence lending platform tumbled more than 26% after missing third-quarter sales and earnings estimates. Biogen — Stock in the biotech company fell more than 4% after third-quarter sales and earnings topped analysts' estimates. Boston-based Toast lost 9 cents per share, while analysts were expecting earnings of 10 cents per share, according to LSEG. Robinhood — The trading platform fell more than 14% after missing revenue estimates in the third quarter. Uber was down almost 1% after the company posted third-quarter results that missed sales and earnings estimates.

Persons: Berkshire Hathaway —, Rivian, Roblox, LSEG, StreetAccount, Robinhood, Uber, Jesse Pound, Yun Li, Pia Singh, Alex Harring, Lisa Han, Tanaya Macheel, Sarah Min Organizations: —, FactSet, Reata Pharmaceuticals, Occidental Petroleum —, Berkshire, Occidental, Wall, LSEG, Warner Bros, HBO, Food Network, eBay Locations: Houston, Boston

☆ EU digital chief urges TikTok, X to increase clean-up efforts
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +2 min

Jourova, the EU commissioner responsible for the digital economy, met TikTok Chief Executive Shou Chew and X's head of global affairs, Nick Pickles, as the European Union investigates Big Tech's efforts to remove harmful content. The EU is also looking to prevent disinformation influencing the EU parliament election in June 2024. Under the European Union's Digital Services Act, which entered into force a year ago, very large tech platforms and search engines must do more to tackle harmful and illegal content or risk fines. Jourova said on X and via her spokesperson that she was pleased by some improvements and urged TikTok to continue stepping up its work against illegal and harmful content and child abuse. For X, Jourova said it had insufficient staff speaking some EU languages to counter disinformation and expressed concern about reports of high numbers of violent and illegal content.

Persons: Dado Ruvic, Vera Jourova, Jourova, Shou Chew, Nick Pickles, Big, TikTok, Jourova's, X's Pickles, Philip Blenkinsop, Foo Yun Chee, Jonathan Oatis Organizations: REUTERS, Rights, European, European Union, Hamas, EU, Union's Digital Services, YouTube, Thomson Locations: Rights BRUSSELS, Israel, EU

The new political advertising rules, which were agreed by EU countries and European Parliament lawmakers late on Monday, will force social media groups such as Alphabet's Google (GOOGL.O), Meta Platforms to be more transparent and accountable. All online political ads will be available in an online ad repository. "We also secured a favourable environment for transnational campaigning in time for the next European Parliament elections," Gozi said. The European Parliament will hold elections in June next year, with many concerned about disinformation and foreign interference in the run-up to the polls. Until then, measures regulating the non-discriminatory provision of cross-border political advertising - including for European political parties and political groups - will already be in place for the European Parliament elections in 2024.

Persons: Arnd, Sandro Gozi, Gozi, Foo Yun Chee, Alexander Smith Organizations: REUTERS, Rights, Big Tech, Union, EU, Google, European Commission, Thomson Locations: Zurich, Switzerland, Rights BRUSSELS, EU

☆ Fed’s Goolsbee says 'golden path' of a huge drop in inflation without a recession is still possible
▼ + stars: | 2023-11-07 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

"Because of some of the strangeness of this moment, there is the possibility of the golden path ... that we got inflation down without a recession," Goolsbee said on CNBC's "Squawk Box." "The fastest drop in the inflation rate in any year was 1982," Goolsbee said. So we're making progress on the inflation rate." Goolsbee stressed that accomplishing such a "golden path" against a historic surge in inflation won't be an easy task. The Fed president said the central bank will be data dependent going forward, echoing Chair Jerome Powell's comments last week.

Persons: Austan Goolsbee, Goolsbee, we've, Jerome Powell's, Powell Organizations: Chicago Federal, Federal, Market, CNBC PRO Locations: hasn't

☆ Stocks making the biggest moves before the bell: Uber, Planet Fitness, Peloton and more
▼ + stars: | 2023-11-07 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Uber — Shares of the ride hailing company rose 2% after Uber's third-quarter gross bookings of $35.3 billion topped the company's guidance of $29 billion to $30 billion. Planet Fitness — The gym chain climbed 8.8% after beating expectations on both lines for the third quarter and raising its outlook for the year. Planet Fitness reported 59 cents in earnings per share, excluding items, and $277.6 million in revenue. Analysts surveyed by FactSet anticipated 55 cents in earnings per share on revenue at $268.2 million. It also cut its price target on Peloton to $4 from $13 per share, implying about 20% downside from Monday's close.

Persons: FactSet, Tripadvisor, Coterra, Sanmina, DigitalOcean, Goldman Sachs, —, Yun Li, Jesse Pound, Lisa Kailai Han, Sarah Min, Michelle Fox Organizations: UBS —, UBS, Credit Suisse, LSEG, Energy, —, Deutsche Bank Locations: Switzerland

Maradona secured an EU trademark to his name for clothing, footwear, hospitality and IT services in 2008. The EU patent agency in a decision last year said Sattvica had not submitted documents confirming the transfer of the trademark to the company. Sattvica then took its case to the Luxembourg-based General Court, Europe's second highest. Sattvica can appeal to the EU Court of Justice, Europe's top court. The case is T-299/22 | Sattvica v EUIPO – Maradona and Others (DIEGO MARADONA).

Persons: Diego Maradona, Maradona, Sattvica, Maradona's, EUIPO, Europe's, Che Guevara, Evita Peron, EUIPO – Maradona, DIEGO MARADONA, Foo Yun Chee, David Evans Organizations: EU, Maradona, Justice, Thomson Locations: BRUSSELS, Argentine, EU, Luxembourg, Buenos Aires, Argentina

☆ Stocks making the biggest moves midday: Hilton Grand Vacations, Paramount, Albemarle and more
▼ + stars: | 2023-11-06 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

Hilton Grand Vacations — The stock declined roughly 7% after the lodging company said it would acquire Bluegreen Vacations for about $1.5 billion . Hilton Grand Vacations also posted its third-quarter results, posting revenue of $1.02 billion, down from $1.12 billion a year earlier. Berkshire Hathaway —The B-class shares of Warren Buffett's investment company fell nearly 2% after Berkshire reported its third-quarter results on Saturday. Constellation Energy — The energy company gained nearly 7% after raising its earnings guidance for the full year. The company anticipates adjusted EBITDA of $3.80 billion to $4 billion, while its previous guidance was $3.3 billion to $3.7 billion.

Persons: Raymond James, SolarEdge, Wells, Albemarle —, Berkshire Hathaway, Warren, Dan Eggers, Davidson, Yun Li, Alex Harring, Pia Singh, Jesse Pound, Tanaya Macheel Organizations: Hilton, Paramount Global, Bank of America, Albemarle, UBS, Berkshire, Dish, Constellation Energy, Dominion Energy, Barclays, Holdings, D.A, Booking Holdings Locations: Berkshire

[1/2] An Ericsson sign is seen at the third China International Import Expo (CIIE) in Shanghai, China November 5, 2020. REUTERS/Aly Song Acquire Licensing RightsBRUSSELS, Nov 6 (Reuters) - Electronics makers Siemens (SIEGn.DE), Ericsson (ERICb.ST) and Schneider Electric (SCHN.PA), along with industry group DigitalEurope warned on Monday that onerous proposed EU rules targeting cybersecurity risks of smart devices could disrupt supply chains on a scale similar to during the pandemic. They said disruptions could hit millions of products, ranging from washing machines to toys, cybersecurity products, as well as vital components for heat pumps, cooling machines and high-tech manufacturing. "We risk creating a COVID-style blockage in European supply chains, disrupting the single market and harming our competitiveness," the companies said. They also want more flexibility to self-assess cybersecurity risks.

Persons: Aly, Thierry Breton, Vera Jourova, Robert Bosch, Foo Yun Chee, Rod Nickel Organizations: Ericsson, China, REUTERS, Rights, Electronics, Siemens, Schneider, European, European Union, Nokia, Robert, Robert Bosch GmbH, EU, Thomson Locations: Shanghai, China, Rights BRUSSELS, EU, Slovakian

☆ Warren Buffett has been selling stocks including Chevron and hoarding a record level of cash
▼ + stars: | 2023-11-06 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Thanks to a surge in bond yields, Berkshire's cash, which was mainly parked in short-term Treasury bills, grew to a record level of $157.2 billion. These lucrative government bond investments in turn boosted Berkshire's insurance empire, via so-called float. Berkshire's insurance businesses saw a profit of $2.42 billion last quarter, compared with a loss in the prior-year period. Net seller of stocks Berkshire was a net seller of publicly traded stocks in the third quarter, buying $1.7 billion worth of equities while selling nearly $7 billion. One notable move was that the conglomerate sold about $2 billion worth of Chevron shares.

Persons: Warren Buffett, Berkshire Hathaway, Bill Stone, Greggory Warren, Brian Meredith, Meredith Organizations: Glenview Trust, Morningstar, BNSF, Chevron, Berkshire, UBS Locations: Berkshire, Omaha, Omaha , Nebraska, Knox, Glenview

Companies TikTok FollowBRUSSELS, Nov 6 (Reuters) - TikTok must "spare no effort" to counter the spread of disinformation on the short video sharing app, EU industry chief Thierry Breton told the company's CEO on Monday, as the European Union steps up its efforts to curb the powers of Big Tech. "My services and I are now investigating whether this is enough to ensure compliance with the DSA (Digital Services Act)," Breton told Reuters in written comments after a video call with TikTok CEO Shou Zi Chew. "Because now more than ever, we must spare no effort to protect our citizens – especially children and teenagers – against illegal content and disinformation," he said. TikTok Public Policy Director Caroline Greer said in a post on social media platform X that the company was pleased that Breton recognised its compliance efforts. The DSA requires large online platforms to do more to tackle illegal and harmful online content on their platforms.

Persons: Thierry Breton, China's ByteDance, Breton, Shou Zi Chew, Caroline Greer, Chew, Vera Jourova, Didier Ryenders, Foo Yun Chee, Sharon Singleton Organizations: Big Tech, DSA, Services, Reuters, Big, EU, Values, Thomson Locations: BRUSSELS, European, Breton, Big Tech, Brussels

☆ Art of the Trade: Bill Martin breaks down his 'big short' call on the banking crisis
▼ + stars: | 2023-11-05 | by ( Yun Li | Alison Conklin | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailArt of the Trade: Bill Martin breaks down his 'big short' call on the banking crisisRaging Capital Venture's Bill Martin sits down with CNBC's Yun Li to discuss why he saw the writing on the wall before Silicon Valley Bank's collapse in March. Martin explains how he was able to leverage his entrepreneurial background and his connections on the west coast to cash in on his lucrative short bet.

Persons: Bill Martin, CNBC's Yun Li, Martin Organizations: Trade

☆ How investor Bill Martin nailed his big short against Silicon Valley Bank before its collapse
▼ + stars: | 2023-11-05 | by ( Yun Li | ) www.cnbc.com time to read: 1 min

Much like Michael Burry and Steve Eisman, who shot to fame and fortune by calling the housing bubble in 2008, Bill Martin stood out as the "big short" during this year's banking crisis. The founder of family office Raging Capital Ventures bet against Silicon Valley Bank before its collapse in March. "Just like you would short a bank in Texas when oil prices collapse, I was looking for banks with exposure to venture. And that's what led me to Silicon Valley Bank," Martin said in CNBC PRO's "Art of the Trade." The short seller also shared how he managed risk for the volatile trade, as well as other opportunities he capitalized on during the crisis.

Persons: Michael Burry, Steve Eisman, Bill Martin, Martin Organizations: Raging Capital Ventures, Silicon Valley Bank, CNBC Locations: Texas, Silicon

☆ 75% of Warren Buffett’s equity portfolio is in just 5 stocks. Here’s what they are
▼ + stars: | 2023-11-04 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Warren Buffett's Berkshire Hathaway reported another stellar quarter on Saturday, and the conglomerate revealed that three-quarters of its stock portfolio was tied up in just five names. The Omaha-based conglomerate said approximately 75% of the aggregate fair value was concentrated in five companies at the end of the third quarter. Buffett's juggernaut posted a big investment loss of $24.1 billion in the third quarter, largely due to a decline in its gigantic Apple stake. The Chevron stake went up in value as the energy stock gained more than 7% during the quarter amid a jump in oil prices. Still, the "Oracle of Omaha" advised shareholders to ignore the quarterly fluctuations in Berkshire's equity portfolio.

Persons: Warren, Berkshire Hathaway, Buffett Organizations: American Express, Bank of America, Chevron Locations: Omaha

☆ Berkshire Hathaway posts a 40% jump in operating earnings, cash pile swells to a record $157 billion
▼ + stars: | 2023-11-04 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

An Andy Warhol-like print of Berkshire Hathaway CEO Warren Buffett hangs outside a clothing stand during the first in-person annual meeting since 2019 of Berkshire Hathaway Inc in Omaha, Nebraska, U.S. April 30, 2022. Warren Buffett's Berkshire Hathaway on Saturday reported a big jump in third-quarter operating earnings, while sitting on a record amount of cash that surpassed $157 billion. The Omaha-based conglomerate's operating earnings — which encompass profits made from the myriad of wholly owned businesses such as insurance, railroads and utilities — totaled $10.761 billion last quarter. That's 40.6% higher than the $7.651 billion earned from the same quarter a year ago. Berkshire held a record level of cash at the end of September — $157.241 billion — topping the $149.2 billion high set in the third quarter of 2021.

Persons: Andy Warhol, Berkshire Hathaway, Warren Buffett, Warren Buffett's Berkshire Hathaway Organizations: Berkshire, Berkshire Hathaway Inc Locations: Omaha , Nebraska, U.S, Omaha, Berkshire

☆ Charlie Munger reflects on one investment Warren Buffett passed up — Costco
▼ + stars: | 2023-11-04 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Warren Buffett and his longtime business partner Charlie Munger almost never butt heads, but there has been one rare area of disagreement between the two investment legends. Costco has grown from less than $5 a share in the early 1980s to more than $560 a share today. 'Shoot me first' As Munger's obsession over Costco grew stronger over the years, Buffett learned to make lighthearted jokes about it. "Charlie said, 'I would like to give, once more, my speech on the virtues of Costco — with illustrations.' I kind of used them up between Costco and Apple," Buffett once said.

Persons: Warren Buffett, Charlie Munger, Munger, —, Buffett, James Sinegal's, Berkshire Hathaway, didn't, Warren wouldn't, Warren doesn't, Sears Roebuck, It's, Buffett's, he's, Charlie Organizations: Costco Wholesale Corp, Oracle, Price Club, Costco, Berkshire, BNSF, Apple Locations: Omaha, America, Berkshire

☆ Unemployment among Hispanic workers rises at faster pace in October than overall rate
▼ + stars: | 2023-11-03 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Spencer Platt | Getty Images News | Getty ImagesThe labor market showed greater deterioration for Hispanic workers, whose unemployment rate rose more than that of the U.S.', according to data released Friday by the Department of Labor. The overall unemployment rate rose 0.1% to 3.9% last month, the highest level since January 2022, against expectations that it would hold steady at 3.8%. Among Hispanic Americans, the jobless rate rose 0.2% to 4.8%. Black and Hispanic Americans were hit particularly hard by the business shutdowns in the depths of the Covid pandemic, with unemployment rate for Black workers peaking at 16.8% in 2020 and Hispanic jobless rate surging as high as 18.8%. The overall unemployment rate hit a high of 14.7% in April 2020.

Persons: Spencer Platt, Julia Pollak, ZipRecruiter's Organizations: NEW, Getty, U.S, Department of Labor, CNBC Locations: Manhattan, New York City, America

Chew will meet Breton on Nov. 6 and Jourova and Reynders on Nov. 7, a TikTok spokesperson said. He will update the commissioners on TikTok's data security regime called Project Clover which started to store European user data locally this year, a TikTok spokesperson said. The company has a data centre in Dublin, Ireland, and is building two more in Ireland and Norway. Breton last month gave TikTok an Oct. 25 deadline to provide information on its crisis response measures. Reporting by Foo Yun Chee; editing by Sudip Kar-Gupta and Jason NeelyOur Standards: The Thomson Reuters Trust Principles.

Persons: Shou Zi Chew, Online Harms, Thierry Breton, Vera Jourova, Didier Reynders, TikTok, Chew, Breton, Foo Yun Chee, Sudip Kar, Gupta, Jason Neely Organizations: Energy, Commerce, Safeguard, Online, Capitol, Breton, Digital Services, Big Tech, Thomson Locations: Washington , U.S, BRUSSELS, EU, Brussels, Israel, Gaza, Reynders, Dublin, Ireland, Norway

☆ Stocks making the biggest moves before the bell: Fortinet, Block, Expedia, Apple and more
▼ + stars: | 2023-11-03 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Fortinet — Shares dropped 23.1% after the cybersecurity company missed earnings expectations and gave a weak outlook for the current quarter. Fortinet posted $1.33 billion in revenue for the third quarter and said to expect between $1.38 billion and $1.44 billion in the current quarter. Both underwhelmed analysts polled by LSEG, who anticipated $1.35 billion in revenue for the third quarter and a current-period estimate of $1.5 billion. Revenue for the third quarter came in at $285.9 million, above the $275 million forecast from analysts polled by FactSet. Meanwhile, the company saw adjusted EBITDA at $6.1 million, while analysts had anticipated a loss of $0.6 million.

Persons: Fortinet, LSEG, Block, Bill Holdings, Bill, Expedia, Nation's, Taylor Swift, FactSet, Carvana, —, Wall, Uber, Jesse Pound, Yun Li, Michelle Fox Organizations: Apple —, Paramount, LSEG, Holdings, Revenue, FactSet, & $

☆ Steve Eisman on one thing he has learned in his career and why it’s keeping him away from banks
▼ + stars: | 2023-11-02 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Steve Eisman of the "The Big Short" fame said Thursday that one investment mantra he swears by is telling him that buying beaten-up bank stocks won't be fruitful. "One thing I've learned in my career over the years is that buying something just because it's cheap is a value trap and shorting something because it's very expensive is a death wish," Eisman said on CNBC's " Squawk Box ." Uncertainty caused by the collapse of Silicon Valley Bank earlier this year triggered outflows at other regional banks as well as larger institutions, he said. KRE YTD mountain SPDR S & P Regional Banking ETF The SPDR S & P Regional Banking ETF , which tracks 140 regional banks, has fallen about 30% this year. Apart from banks, Eisman said companies selling high-priced real estate, cars and solar panels could be under pressure as lofty interest rates could keep consumers from borrowing.

Persons: Steve Eisman, I've, Eisman, Michael Lewis, Oscar, Neuberger Berman Organizations: Regulators, Regional Banking, Regional Banking ETF Locations: Silicon

☆ Stocks making the biggest moves midday: Starbucks, Roku, Eli Lilly, Affirm and more
▼ + stars: | 2023-11-02 | by ( Hakyung Kim | ) www.cnbc.com time to read: +5 min

Starbucks — Shares jumped 9.5% after the company posted an earnings and revenue beat in the fiscal fourth quarter. Palantir also raised its revenue guidance to between $2.216 billion and $2.22 billion for the full year. Clorox — Shares rallied more than 6.6% Thursday after the company posted an earnings and revenue beat in the fiscal first quarter. CyberArk's fourth-quarter and full-year earnings guidance also came in above analysts' estimates. Management lowered the company's full-year earnings, revenue and operating margins guidance.

Persons: Roku, SolarEdge, Shopify, Palantir, LSEG, Eli Lilly —, —, Penn, Morgan Stanley, CyberArk's, Papa John's, Sarah Min, Yun Li, Michelle Fox, Pia Singh, Alex Harring Organizations: Starbucks —, Management, Truist, BMO Capital Markets, Guggenheim, Moderna —, Moderna, Penn Entertainment, ESPN, Amazon Business, Marriott, Rockwell Automation — Rockwell Automation Locations: China, America

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