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☆ CNBC Daily Open: It’s all about Elon Musk
▼ + stars: | 2023-04-21 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

Tesla CEO Elon Musk attends the start of the production at Tesla's "Gigafactory" on March 22, 2022 in Gruenheide, southeast of Berlin. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Which might be a good summary of Twitter, Musk's most contentious company — but investors needn't worry about it since Musk has taken it private, anyway. Subscribe here to get this report sent directly to your inbox each morning before markets open.

☆ What to watch for in the markets in the week ahead: Monster tech earnings, then sell in May?
▼ + stars: | 2023-04-21 | by ( Scott Schnipper | ) www.cnbc.com time to read: +6 min

More than one third (35%) of the S & P 500 reports earnings next week — including megacaps Microsoft, Alphabet, Meta Platforms and Amazon — versus less than 12% in the week just ended and only 2% last week. So far this quarter, S & P 500 earnings are running 4.7% below the same period a year ago, Refinitiv data shows. Back then, the S & P 500 fell 19.4% from its April high to a low on October 3. Meanwhile, next week is the last full trading week before Wall Street's old adage to "sell in May and go away" takes hold. ET: FHFA Home Price index (February); S & P Case-Shiller home price indexes (February) 10:00 a.m.

☆ How Naomi Watts and Elle Fanning Stay Hungry
▼ + stars: | 2023-04-20 | by ( Ella Riley-Adams | ) www.nytimes.com time to read: 1 min

When I was shooting the first season of “The Great” [the Hulu series that premiered in 2020, and that will soon air its third season, with Fanning playing Catherine the Great], it was also my first time producing a show. I hadn’t been behind the scenes much before, making those decisions, but I’d always been curious about how everything’s put together. Now I can feel myself evolving, not being as afraid to speak up in rooms that I wouldn’t normally be in. I’m still young, but I keep having to remind myself, “You’ve been acting since you were 2 — you’ve been on a lot of film sets, and you’ve seen a lot of things.”

Major equity indexes have been largely stable during the early stages of a first-quarter earnings season that investors expect to show tepid results. The Dow Jones Industrial Average (.DJI) fell 79.62 points, or 0.23%, to 33,897.01; the S&P 500 (.SPX) lost 0.35 points, or 0.01%, at 4,154.52; and the Nasdaq Composite (.IXIC) added 3.81 points, or 0.03%, at 12,157.23. The defensive utilities group (.SPLRCU) gained most among S&P 500 sectors, rising 0.8%. S&P 500 companies overall are expected to post a 4.8% decline in first-quarter earnings from the year-earlier period, according to Refinitiv IBES. The S&P 500 posted 16 new 52-week highs and one new lows; the Nasdaq Composite recorded 59 new highs and 123 new lows.

Major equity indexes have been largely stable during the early stages of a first-quarter earnings season that investors expect to show tepid results. The defensive utilities group (.SPLRCU) gained most among S&P 500 sectors, rising 0.7%. S&P 500 companies overall are expected to post a 4.8% decline in first-quarter earnings from the year-earlier period, according to Refinitiv IBES. Shares of Western Alliance Bancorp (WAL.N) surged 23% after the company posted stronger-than-expected earnings, helping lift the SPDR S&P Regional Banking ETF (KRE.P) 4%. The S&P 500 posted 15 new 52-week highs and one new low; the Nasdaq Composite recorded 48 new highs and 111 new lows.

☆ MLB roundup: Clayton Kershaw blanks Mets, gets 200th win
▼ + stars: | 2023-04-19 | by ( ) www.reuters.com time to read: +13 min

Martinez hit two home runs in his first multi-homer game with the Dodgers and the 19th of his career. In addition to his milestone win, Kershaw (3-1) also improved to 11-0 in 17 career regular-season starts against the Mets. Mets starter Tylor Megill (3-1) gave up three runs on seven hits over five innings. Bassitt (2-2) allowed three hits and walked one batter while notching five strikeouts in 6 1/3 innings. Philadelphia chased Lance Lynn (0-2) with one out in the sixth; he allowed five runs on 10 hits, fanning seven.

[1/2] Signage is seen at the JPMorgan Chase & Co. New York Head Quarters in Manhattan, New York City, U.S., June 30, 2022. While the crisis is not over yet, CEO Jamie Dimon said he expected the tumult from bank failures in March to eventually pass. The U.S. consumer and the economy remain robust, Dimon said, while cautioning that the banking crisis could turn lenders more conservative and impact consumer spending. "However, the storm clouds that we have been monitoring for the past year remain on the horizon, and the banking industry turmoil adds to these risks." It is expected to remain flat for the rest of 2023, the executives said.

The S&P 500 banks index (.SPXBK) has lagged the broader S&P 500 (.SPX) this year with a 13% decline, while the KBW Regional Banking index (.KRX) has already lost 20% in its worst performance since 2009. "The retail sales are kind of a disappointment," said Robert Pavlik, senior portfolio manager at Dakota Wealth. Traders stuck to bets the U.S. central bank will raise its benchmark rate in May by another 25 basis points after the retail sales data. Among other big-ticket earnings, healthcare conglomerate UnitedHealth Group Inc (UNH.N) beat estimates for quarterly profit and raised its annual forecast, pushing its shares up 0.4%. BlackRock Inc's (BLK.N) quarterly profit also beat analysts' estimates as investors continued to pour money in the world's largest asset manager's various funds.

The S&P 500 banks index (.SPXBK) surged 3.3% to a one-month high, while the KBW Regional Banking index (.KRX) rose 0.8%. Bank stocks lag S&P 500 this yearDampening the mood, however, data showed retail sales fell more than expected in March as consumers cut back on purchases of motor vehicles and other big-ticket items, raising fears of an economic slowdown. "The retail sales are kind of a disappointment," said Robert Pavlik, senior portfolio manager at Dakota Wealth. Following Friday's retail sales data, traders stuck to bets the U.S. central bank will raise rates by another 25 basis points in May. The S&P index recorded six new 52-week highs and no new low, while the Nasdaq recorded 14 new highs and 25 new lows.

Follow the latest news on the leak of classified intelligence documents. It sounded as if the airman, Jack Teixeira, was in a speeding car, said a member of the group who uses the screen name Vahki. “Guys, it’s been good — I love you all,” Airman Teixeira said, Vahki recounted. I prayed to God that this would never happen. And I prayed and prayed and prayed.

☆ Stocks making the biggest moves midday: Apple, Tesla, Netflix, Bed Bath & Beyond & more
▼ + stars: | 2023-04-13 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

The Wall Street firm anticipates U.S. retail sales could be down close to 20%. The Wall Street firm said growth in the drugs has "significantly outperformed" its expectations. Alibaba — Shares of the Chinese e-commerce giant rose 2%, rebounding from a near 6% selloff in the previous session. Chipotle — Shares rose 1% after Citi said it was optimistic about the restaurant chain's earnings report later this month. They will look for insight on whether Tesla is planning more price cuts on key models such as the Model 3 and Model Y.

☆ A Little Work Never Hurt Anyone—Including Teenagers
▼ + stars: | 2023-04-12 | by ( Jason L. Riley | ) www.wsj.com time to read: +1 min

He is also a senior fellow at the Manhattan Institute and provides television commentary for various news outlets. Mr. Riley joined the paper in 1994 as a copy reader on the national news desk in New York. He moved to the editorial page in 1995, was named a senior editorial page writer in 2000, and became a member of the Editorial Board in 2005. He joined the Manhattan Institute in 2015. Born in Buffalo, New York, Mr. Riley earned a bachelor's degree in English from the State University of New York at Buffalo.

☆ MLB roundup: Rays improve to 8-0 with rout of A's
▼ + stars: | 2023-04-09 | by ( ) www.reuters.com time to read: +11 min

Springs scattered three hits, struck out seven and walked three while logging seven innings. The Astros rallied in the ninth on Jeremy Pena's two-run homer against Jovani Moran. Adam Duvall blasted a two-run homer and a pair of doubles while scoring three times. Pete Alonso and Eduardo Escobar each hit two-run homers for the Mets, who have won five of six games against the Marlins. Perdomo had three RBIs and two hits as Arizona racked up season highs for runs and hits (17).

☆ How much YouTube pays for 1,000 views, according to creators
▼ + stars: | 2023-04-06 | by ( Madeline Berg | Nathan Mcalone | ) www.businessinsider.com time to read: +3 min

Creators said they got paid between $1.61 and $29.30 for 1,000 views on long-form videos. Shorts made much less money, with creators earning $0.04 to $0.06 per 1,000 views. Eight YouTubers who make long-form videos shared how much YouTube paid them per 1,000 views, and their answers ranged from $1.61 to $29.30. YouTube creators can earn 55% of the revenue from Google-placed ads on their videos when they join the YouTube Partner Program, or YPP. So far, these YouTubers have not earned as much money per 1,000 views as long-form creators.

☆ MLB roundup: Padres go back-to-back in 9th, edge D-backs
▼ + stars: | 2023-04-04 | by ( ) www.reuters.com time to read: +11 min

The A's were down 10-8 when Seth Brown followed a walk to Aledmys Diaz with a two-run homer off Guardians closer Emmanuel Clase in the last of the ninth. Angels 7, Mariners 3Shohei Ohtani and Taylor Ward hit two-run homers as Los Angeles defeated host Seattle. Yankees 8, Phillies 1Anthony Rizzo ignited a five-run fifth inning with a two-run homer, and host New York cruised to victory over Philadelphia. His counterpart, Jose Berrios (0-1), allowed eight runs, nine hits and two walks while striking out seven in 5 2/3 innings. Ozzie Albies hit a two-run homer and Austin Riley had a solo shot for the Braves, who have won three of four games to start the season.

☆ MLB roundup: Kodai Senga shines in debut as Mets down Marlins
▼ + stars: | 2023-04-03 | by ( ) www.reuters.com time to read: +12 min

[1/2] Apr 2, 2023; Miami, Florida, USA; New York Mets starting pitcher Kodai Senga (34) pitches against the Miami Marlins in the first inning at loanDepot Park. /Rhona Wise-USA TODAY SportsApril 3 - Right-hander Kodai Senga struck out eight batters in his major league debut, leading the New York Mets to a 5-1 win over the host Miami Marlins on Sunday afternoon. Marlins starter Trevor Rogers (0-1) lasted just 4 1/3 innings, allowing four hits, two walks and four runs, three earned. He allowed one run on three hits while walking two and striking out six in his first start of the season. Two of Houck's five hits allowed were home runs by Baltimore's Adam Frazier (3-for-4, two RBIs, two runs) and Cedric Mullins (2-for-5, run, three RBIs).

☆ Play defense with these fortress stocks in the second quarter
▼ + stars: | 2023-04-02 | by ( Michelle Fox | ) www.cnbc.com time to read: +9 min

Bahnsen's investment philosophy focuses specifically on high-quality stocks that have a high dividend yield, along with consistent increases. One of his favorite plays is Procter & Gamble , which currently has a dividend yield of 2.5%. EOG has a 2.9% dividend yield and also has been paying a special dividend. Health-care names Names in the health-care sector are generally considered defensive. Quanta Services has a dividend yield on the lower end, at 0.2%.

☆ ABC News staffers were stunned at the departures of veteran colleagues and 'outraged' about how the exits were handled
▼ + stars: | 2023-04-01 | by ( Claire Atkinson | ) www.businessinsider.com time to read: +6 min

Some ABC News staff were in tears on Thursday after layoffs of respected news veterans. Kim Godwin has made positive changes as ABC News president and has faced a string of complex situations. ABC News staffers are in shock over the departure of multiple senior-level colleagues, most notably Wendy Fisher, SVP news gathering. ABC News alone lost 50 staffers on Thursday as part of the slim-down and a leadership reorganization by division President Kim Godwin. A second ABC News insider said it was unprecedented to dismiss longtime veterans in such a manner.

☆ Bed Bath & Beyond plans to sell $300 mln in stock, warns again of bankruptcy
▼ + stars: | 2023-03-31 | by ( ) www.reuters.com time to read: +2 min

The embattled retailer had planned to raise around $1 billion through the offering of preferred stock and warrants to avoid bankruptcy. Bed Bath said it had so far raised $360 million through the complex deal, repaid its loan defaults and made all interest payments for senior notes. The latest stock offering plan comes amid a risk of losing additional funding from key investor Hudson Bay Capital Management, as the stock price continues to trade below $1. Separately, Bed Bath said it expects fourth-quarter comparable sales to decline in the range of 40% to 50%, compared with analysts' estimates of a 26.3% drop, according to Refinitiv data. Reporting by Ananya Mariam Rajesh in Bengaluru; Editing by Krishna Chandra Eluri and Pooja DesaiOur Standards: The Thomson Reuters Trust Principles.

☆ Here are Thursday's biggest analyst calls: Ford, Tesla, Netflix, Charles Schwab, Costco & more
▼ + stars: | 2023-03-30 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Thursday's biggest calls on Wall Street: Morgan Stanley reiterates Ford as overweight Morgan Stanley said it's standing by its overweight rating on Ford. Evercore ISI upgrades Walmart to outperform from in line Evercore said the "traffic turn [is] building" for Walmart. Morgan Stanley downgrades Charles Schwab to equal weight from overweight Morgan Stanley said it has "less confidence" in the stock. Evercore ISI reiterates Meta as outperform Evercore said it's bullish on Meta's messaging monetization opportunity. Piper Sandler reiterates Tesla as overweight Piper said it's bullish heading into the automaker's delivery numbers this weekend.

☆ An NFT collector accidentally destroyed a $129,000 CryptoPunk: 'This is truly a devastating mistake for me'
▼ + stars: | 2023-03-30 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

With one wrong move, a non-fungible token (NFT) collector made a very costly mistake. On March 25, Brandon Riley tweeted that he accidentally destroyed his CryptoPunk #685, an NFT he had purchased weeks earlier for 77 ETH, which was worth about $129,437 at the time, according to Etherscan. While following a step-by-step guide on how to complete the transaction, Riley unintentionally sent his NFT to a burn address, he explained on Twitter. A burn address is a virtual wallet that doesn't have a private key, meaning no one can access it. These types of wallets are typically used to permanently destroy a certain number of tokens, thus creating scarcity and potentially causing the price of that token to rise, according to Coindesk.

☆ Stocks making the biggest moves midday: Bed Bath & Beyond, EVgo, UBS and more
▼ + stars: | 2023-03-30 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

A Bed Bath & Beyond store in the Brooklyn borough of New York, US, on Monday, Feb. 6, 2023. Bed Bath & Beyond Inc. said it would shutter another 87 stores in addition to the 150 closures it announced in August. Juniper Networks — The cloud computing network provider added 1.3% on the back of an upgrade to outperform from in line by Evercore ISI. Crocs — Shares rose 3% after B. Riley initiated coverage of the stock as a buy, saying the shoe company is underappreciated. Interpublic Group of Companies — The advertising agency gained 3% following an upgrade to buy from neutral by Bank of America.

☆ Bed Bath & Beyond plans to sell $300 mln in stock, again warns of bankruptcy
▼ + stars: | 2023-03-30 | by ( ) www.reuters.com time to read: +2 min

March 30 (Reuters) - Bed Bath & Beyond Inc (BBBY.O) on Thursday announced plans to sell $300 million worth of its shares as the struggling retailer looks to raise more capital, and warned again that it would likely have to file for bankruptcy if it did not get the proceeds. The latest stock offering plan comes as the company risked losing additional funding from key investor Hudson Bay Capital Management, as its stock price trades below $1. On March 20, Bed Bath & Beyond stock dropped 21% to close at 81 cents after the company's announcement that it was seeking shareholder approval for a reverse stock split. Separately, Bed Bath said it expects fourth-quarter comparable sales to decline in the range of 40% to 50%, compared with analysts' estimates of a 26.3% drop, according to Refinitiv data. Reporting by Ananya Mariam Rajesh in Bengaluru; Editing by Krishna Chandra Eluri and Pooja DesaiOur Standards: The Thomson Reuters Trust Principles.

☆ ABC News lays off several senior executives amid broader Disney cost-cutting in ‘shock’ to newsroom
▼ + stars: | 2023-03-30 | by ( Oliver Darcy | ) edition.cnn.com time to read: +3 min

CNN —ABC News on Thursday stunned staffers, laying off several senior executives and restructuring its newsroom amid a broader workforce reduction being carried out by its parent company Disney, people familiar with the matter told CNN. “Throughout the company, teams are being impacted by the downsizing that was announced several weeks ago, including our own ABC News family,” ABC News President Kim Godwin told staffers in a memo. The C-suite bloodbath astonished staffers at the network, people familiar with the matter told CNN. Godwin said she promoted London bureau chief Katie den Daas to vice president of newsgathering and that executive vice president Derek Medina will now oversee talent strategy. Godwin also said that investigating and enterprise units will be overseen by executive editor and senior vice president of news Stacia Deshishku.

☆ Chicago May Elect a Sensible Mayor
▼ + stars: | 2023-03-29 | by ( Jason L. Riley | ) www.wsj.com time to read: 1 min

Democratic mayors have run Chicago exclusively since 1931. That streak will continue no matter who wins the runoff election on April 4 because the candidates, Paul Vallas and Brandon Johnson , are both Democrats. Mr. Vallas is a white moderate backed by the police union. Mr. Johnson is a black progressive backed by the teachers union. Mr. Johnson opposes the creation of additional charter schools and has called for cutting the police budget.

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