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☆ The Miss Teen USA first runner-up declined to take over the title, saying she'd 'never give up' her integrity
▼ + stars: | 2024-05-13 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +6 min

Read previewThe Miss Teen USA first runner-up won't be taking over as queen. On Wednesday, Miss Teen USA UmaSofia Srivastava announced she was resigning from her position just two days after Miss USA Noelia Voigt gave up her crown. Stephanie Skinner declined the title of Miss Teen USASkinner, who represented New York in the Miss Teen USA pageant, announced on Instagram that she "decided to decline the title of Miss Teen USA 2023." AdvertisementSkinner told BI she still hopes to hold a national pageant title someday, but it won't be Miss Teen USA. Miss USA Noelia Voigt and Miss Teen USA UmaSofia Srivastava resigned their titles.

Persons: —, Miss Teen USA UmaSofia Srivastava, Miss USA Noelia Voigt, Miss Teen USA's, Stephanie Skinner, wouldn't, Skinner, I've, Srivastava, Voigt, Noelia Voigt, Chance Yeh, Claudia Michelle, Miss Colorado Arianna Lemus, Lemus, Miss Hawaii USA Savannah Gankiewicz Organizations: Service, Teen USA, Miss Teen USA, Miss USA, Miss Hawaii Savannah Gankiewicz, Business, Miss, Miss Teen, University of Pennsylvania, Miss Hawaii Locations: New York, Thailand, I'm, USA, Instagram, Miss USA, Miss Hawaii USA Savannah

☆ Cocoa prices tumble 19%, giving up a chunk of their record-setting gains
▼ + stars: | 2024-05-13 | by ( Samantha Subin | ) www.cnbc.com time to read: 1 min

A farmers holds cocoa beans while he is drying them at a village in Sinfra, Ivory Coast, on April 29, 2023. Cocoa prices dropped more than 19% on Monday, giving up a large part of the strong gains that lifted them to all-time highs earlier this year. Prices last traded at around $7,175, after dropping about $1,700 per metric ton. Earlier in the year, cocoa futures hit a record of $11,722 per metric ton. Cocoa prices soared this year amid a shortage of cocoa beans due to supply disruptions, including heavy rains and disease.

Locations: Sinfra, Ivory Coast

☆ These stocks are expected to move the most this week on earnings
▼ + stars: | 2024-05-13 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

The first-quarter reporting season is nearing its end, but investors may want to pay close attention to these stocks reporting this week poised to potentially experience volatile moves. A handful of Chinese technology and e-commerce stocks showed up, including Alibaba, Baidu and JD.com. All three stocks are poised to experience moves of about 6% or more. Home improvement stock Home Depot and discount retailer Walmart also made the cut, with both stocks slated to experience moves of roughly 4%. Other stocks poised for potentially big moves include Under Armour , Take-Two Interactive and Applied Materials .

Persons: That's, Jack, Krisztina Katai, Nick Wells Organizations: CNBC Pro, Baidu, Walmart, Deutsche Bank, Materials

☆ Stocks making the biggest moves premarket: GME, NVDA, INTC, KVUE
▼ + stars: | 2024-05-13 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Kenvue — Shares declined nearly 2% after Kenvue announced Johnson & Johnson will sell its 9.5% stake stake in the company. The consumer health company completed its spinoff from Johnson & Johnson in May 2023. The company's balance sheet deterioration was also a point of concern for the stock, according to the firm. Demand for international travel and a rebound in corporate travel will support the stocks, according to the firm. Incyte — The biopharmaceutical company jumped more than 5% Monday after it approved a $2 billion share repurchase program.

Persons: Kitty, Jefferies, Blayne Curtis, Kenvue, Johnson, Squarespace, Penn, Susquehanna, —, Samantha Subin, Jesse Pound, Michelle Fox, Pia Singh, Fred Imbert Organizations: GameStop, Arm, Nikkei, Nvidia, Intel, Street Journal, Apollo Global Management, Kenvue, Johnson, Penn Entertainment, Bank of America, Airline, American Airlines, HSBC, Delta, Susquehanna Locations: Ireland, Delta

☆ Biden calls Trump ‘unhinged’ and says ‘something snapped’ in former president after he lost 2020 election
▼ + stars: | 2024-05-11 | by ( Samantha Waldenberg | ) edition.cnn.com time to read: +1 min

CNN —President Joe Biden on Saturday called Donald Trump “clearly unhinged” and claimed that “something snapped” in the former president after he lost the 2020 election. “It’s clear that … when he lost in 2020, something snapped in him,” Biden told supporters in Seattle at a private fundraiser Saturday, according to reporters in the room. “He’s not only obsessed with losing in 2020, he’s clearly unhinged. Trump continues to hold an advantage over Biden, according to a CNN poll conducted by SSRS last month. “By the way, remember when he was trying to deal with Covid, he said just inject a little bleach in your veins?” Biden told a crowd of builders last month.

Persons: Joe Biden, Donald Trump “, ”, “, ” Biden, “ He’s, he’s, Biden, Trump, SSRS, Biden’s, Jon Shirley, “ I’ll, Jennifer Agiesta Organizations: CNN, Biden, “, Covid, Microsoft Locations: Seattle, Manhattan, ” Saturday’s Washington

☆ Jim Simons, billionaire hedge fund founder, dies at 86
▼ + stars: | 2024-05-10 | by ( Samantha Delouya | ) edition.cnn.com time to read: +2 min

CNN —Jim Simons, the billionaire investor, mathematician and philanthropist, died on Friday in New York City, according to his foundation, the Simons Foundation. According to his foundation, Simons was fired from the institute in 1968 due to his opposition to the Vietnam War. Simons then joined the faculty at Stony Brook University as the head of the school’s mathematics department. Last year, Simons’ foundation donated $500 million to Stony Brook’s endowment, the largest unrestricted gift to an American university in history, according to the Simons Foundation. “I joined Stony Brook University in 1968 as chair of their Department of Mathematics,” Simons said at the time.

Persons: Jim Simons, Simons, ” Simons, “, ” Organizations: CNN, Simons, Technologies, Massachusetts Institute of Technology, University of California, MIT, Harvard University, Institute for Defense, National Security Agency, Stony Brook University, Renaissance Technologies, Simons Foundation, of Mathematics Locations: New York City, Newton , Massachusetts, Berkeley, Princeton , New Jersey, Vietnam, American

☆ 7 of the most controversial moments in Miss USA history
▼ + stars: | 2024-05-10 | by ( Anneta Konstantinides | Samantha Grindell | ) www.businessinsider.com time to read: +2 min

Miss Pennsylvania alleged the 2012 Miss USA pageant was rigged. Isaac Brekken/Getty ImagesOlivia Culpo won the Miss USA pageant in 2012, but Sheena Monnin, who competed as Miss Pennsylvania that year, alleged that the pageant was rigged and the top five contestants were selected before the show started, Business Insider previously reported. Two days after the pageant, Monnin called out the organization in a Facebook post and announced she was resigning as Miss Pennsylvania, according to The Guardian. "We cannot allow a disgruntled contestant to make false and reckless statements which are damaging to the many people who have devoted their hearts and souls to the Miss Universe, Miss USA and Miss Teen USA pageant systems," Trump said. Though the details of the settlement are not public, The Guardian reported that she used the money to pay Miss Universe.

Persons: Isaac Brekken, Olivia Culpo, Sheena Monnin, Monnin, Donald Trump, Trump, Sheena Organizations: Miss Pennsylvania, Miss USA, Miss, Business, Guardian, Miss Universe Organization, TMZ, Miss Teen USA Locations: Miss Pennsylvania

☆ Morgan Stanley says these stocks could follow Meta and Alphabet in announcing a dividend
▼ + stars: | 2024-05-10 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

The dividend stock club could soon get new members, according to Morgan Stanley. Alphabet and Meta Platforms are among the most recent high-profile names to initiate a dividend to give back to shareholders. The search giant announced a 20-cent per share quarterly dividend in April, while Meta Platforms authorized a 50-cent per share dividend in February. The moves bring the total tally of "Magnificent Seven" stocks offering a dividend to five, along with Nvidia, Microsoft and Apple. Broken down by sector, consumer staples, energy and communication services stocks tend to outperform, while materials is the only sector that underperforms following a dividend initiation.

Persons: Morgan Stanley, Todd Castagno, Castagno, Instacart, Regeneron Organizations: Meta, Nvidia, Microsoft, Apple, PayPal, Palo Alto Networks, Expedia Group

☆ Stocks making the biggest moves midday: Novavax, Taiwan Semiconductor, Sweetgreen and more
▼ + stars: | 2024-05-10 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Sweetgreen — Sweetgreen popped 36% after surpassing first-quarter revenue expectations. The company also raised its full-year guidance for revenue and adjusted earnings before interest, taxes, depreciation and amortization. Array's first-quarter adjusted earnings came in at 6 cents per share on revenue of $153.4 million. Victoria's Secret — Shares rose almost 6% after the intimate apparel maker reported better-than-expected preliminary first-quarter results and reaffirmed its guidance. Mettler-Toledo posted first-quarter adjusted earnings of $8.89 per share on revenue of $925.9 million.

Persons: Sanofi, Sweetgreen, LSEG, Array's, FactSet, Natera, Insulet, JFrog, Yun Li, Michelle Fox, Brian Evans, Hakyung Kim, Darla Mercado Organizations: French, Taiwan Semiconductor Manufacturing, Unity Software, LSEG, Technologies, Akamai Technologies, Revenue, —, Norton, Citi, Toledo —, Mettler Locations: Toledo

☆ Apple apologizes for its controversial iPad Pro ad
▼ + stars: | 2024-05-09 | by ( Samantha Delouya | ) edition.cnn.com time to read: +2 min

CNN —Apple has apologized and admitted it “missed the mark” with its latest iPad Pro advertisement. The ad, posted on social media Tuesday by Apple CEO Tim Cook, was met with backlash from internet users who felt that the ad celebrated technology’s destruction of human creativity and art. As the metal slabs of the hydraulic press lift, Apple’s new iPad Pro is revealed. “Meet the new iPad Pro: the thinnest product we’ve ever created, the most advanced display we’ve ever produced, with the incredible power of the M4 chip. Actor Hugh Grant wrote on social media that Apple’s ad represented “the destruction of the human experience.”Apple no longer plans to run the ad on TV, according to AdAge.

Persons: Apple, “, Tim Cook, Tor Myhren, ” Myhren, ” Apple, ” Cook, ”, Hugh Grant Organizations: CNN, Apple

☆ The best bridal-inspired looks celebrities have worn on red carpets in 2024 so far
▼ + stars: | 2024-05-09 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +1 min

Celebrities are having fun with wedding-inspired looks on red carpets in 2024. Some stars are wearing eye-catching white gowns that would be perfect for walking down the aisle. Others have worn white suits that would make for unique wedding outfits. Many stars have walked this year's red carpets in white gowns and classic suits that would also work as wedding looks. From Taylor Swift in Schiaparelli to Kylie Jenner's Oscar de la Renta look for the Met Gala, here's a look at some of the best bridal-inspired outfits celebrities have worn in 2024.

Persons: —, Taylor Swift, Kylie Jenner's Oscar de, here's Organizations: Service Locations: Schiaparelli

☆ Chinese EV maker Zeekr prices IPO at $21, at the top end of range, reports say
▼ + stars: | 2024-05-09 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

A Zeekr 001 electric vehicle (EV) by Geely is seen displayed at the Zeekr booth during a media day for the Auto Shanghai show in Shanghai, China April 19, 2021. Chinese electric vehicle maker Zeekr priced its initial public offering at $21 a share Thursday, at the top end of its range, according to news reports. Zeekr, which is backed by Chinese-based automotive group Geely, offers several luxury vehicle models, including an upscale sedan it began delivering in January. "Our sales gap with Tesla keeps on narrowing," Zeekr CEO Andy An told CNBC in an interview last month translated from Mandarin. Zeekr has said it plans to use the proceeds from the offering to develop more advanced battery electric vehicle technologies.

Persons: Geely, Tesla, Andy, Zeekr, Goldman Sachs, Morgan Stanley, Merrill Lynch Organizations: Auto Shanghai, New York Stock Exchange, Reuters, Bloomberg News, Securities and Exchange Commission, SEC, Tesla, CNBC, Underwriters, China International Capital Locations: Shanghai, China, Zhejiang, Europe, Latin America, Sweden, Netherlands

☆ Miss Hawaii is taking over as Miss USA following Noelia Voigt's historic resignation
▼ + stars: | 2024-05-09 | by ( Anneta Konstantinides | Samantha Grindell | ) www.businessinsider.com time to read: +5 min

Miss Hawaii Savannah Gankiewicz is taking over as Miss USA. Miss USA Noelia Voigt resigned from the position on Monday, citing her mental health. She is the first Miss USA in the pageant's 72-year history to voluntarily give up the crown. Savannah Gankiewicz will be the new Miss USA 2023Miss USA revealed Gankiewicz's appointment in the caption of an Instagram photo, saying the organization was "thrilled to announce that Miss Hawaii USA Savannah Gankiewicz is Miss USA 2023." "Please know that my decision to accept the Miss USA crown was not one that was made lightly," she wrote.

Persons: Noelia Voigt, Miss Teen USA UmaSofia Srivastava, —, Voigt, Savannah, Miss Hawaii USA Savannah Gankiewicz, Laylah Rose, Rose, Miss USA, Gankiewicz, Voigt's, Claudia Michelle, Michelle, Max Sebrechts, Sebrechts, Crystle Stewart Organizations: Miss, Miss USA, Miss Teen USA, Service, USA, Miss Hawaii, USA's, Savannah Miss, BI, Miss Universe Locations: Savannah, Utah, Miss USA, Miss Hawaii USA Savannah, Hawaii, Savannah Miss USA, Lahaina, Maui, New Jersey, Miss

☆ Prince Harry reunited with Princess Diana's family to celebrate the Invictus Games. The royal family didn't attend.
▼ + stars: | 2024-05-09 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +5 min

Prince Harry is in the UK to celebrate 10 years of the Invictus Games. AdvertisementThe royal family was noticeably absent from a ceremony celebrating the Invictus Games. The Invictus Games, a worldwide sporting competition for injured veterans, marked 10 years since its creation on Wednesday. AdvertisementAs part of the anniversary celebrations, The Invictus Games Foundation hosted a Service of Thanksgiving at St Paul's Cathedral in London. Chris Jackson/Getty Images for Invictus Games Foundation)Harry traveled to the UK to attend the ceremony and other events marking the anniversary.

Persons: Prince Harry, Princess Diana's, King Charles III, Prince William didn't, —, London . Prince Harry, Chris Jackson, Harry, Queen Camilla, Diana's, Earl Charles Spencer, Lady Jane Fellowes, Max Mumby, Spencer, King Charles, Meghan Markle, Charles, Meghan, Duke, Sussex, Buckingham, Prince William, Sussex's, Kate Middleton's, Kate, Prince, Princess of Organizations: Invictus, Service, Invictus Games, Charity Commission, St Paul's Cathedral, Getty, Wednesday, Mail, BBC, Good Morning America, Reuters, Buckingham Palace, Sussex, Netflix Locations: England, Wales, Paul's, London, St Paul's, Buckingham

☆ Changes are coming to the S&P 500 and Wall Street speculates these stocks could be added
▼ + stars: | 2024-05-09 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

These stocks could be poised to join the S & P 500 when the broad index undergoes its quarterly rebalance next month, according to some Wall Street analysts. Keefe Bruyette & Woods also views a financial services stock as a likely addition to the S & P 500, citing the sector's underweight position. There's a "mid to high probability" that Erie resettles in the S & P 500. The S & P 500 isn't the only index poised for potential changes. Gandhi sees a strong likelihood that Ryan Specialty Holdings joins the S & P Midcap 400, while New York Community Bancorp could drop down to the S & P SmallCap 600 .

Persons: Ramsey El, Bancorporation, Assal, Keefe, Woods, Shreyank Gandhi, Gandhi, Dell Organizations: Barclays, Micro Computer, Whirlpool, Software, Services, KKR, Apollo Global Management, Erie resettles, Specialty Holdings, New, New York Community Bancorp, Axis Capital Holdings, BOK Locations: Erie, New York

☆ Meet Mona Patel, the tech entrepreneur and philanthropist who stole the show at the Met Gala
▼ + stars: | 2024-05-09 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +4 min

Read previewOn Monday night, the biggest fashion event of the year took place in New York City: the Met Gala . AdvertisementBut few made as many waves as Mona Patel, an entrepreneur who wore a custom Iris van Herpen gown to her first Met Gala. Mona Patel attends the 2024 Met Gala. Mona Patel turned heads at the 2024 Met GalaThanks to the dramatic ensemble she wore to make her Met Gala debut, Patel was among the most talked-about attendees of the event. Mona Patel at the 2024 Met Gala.

Persons: —, Mona Patel, Iris van Herpen, Patel, Sean Zanni, Vogue, Anna Wintour, Emma, John Shearer, Casey Curran, Mike Coppola, Chris Martin, Edgar Martin, Sidney Jamila, Roach — Zendaya's, Roach Organizations: Service, Metropolitan Museum, Art's Costume, Business, Rutgers University, Haute Mona, Forbes, LinkedIn, Harvard Business School, Stanford Graduate School of Business, MIT Sloan School of Management, CareFirst, Couture, Vogue India Locations: New York City, India, Florida, Mumbai

☆ Stocks making the biggest moves midday: Planet Fitness, AMC, Airbnb, Roblox and more
▼ + stars: | 2024-05-09 | by ( Alex Harring | ) www.cnbc.com time to read: +6 min

Arm — Shares of British chip designer fell 1% in volatile trading after the company issued revenue guidance that left investors unimpressed. Airbnb said revenue in its second quarter total $2.68 billion to $2.74 billion, while analysts were expecting $2.74 billion, according to LSEG. AppLovin — The mobile technology company soared 19% on the heels of better-than-expected first quarter earnings . Warby lost 2 cents a share, narrower than the consensus forecast of 9 cents per share from analysts surveyed by FactSet. Cheesecake Factory — Shares rallied nearly 9% after the chain's first quarter earnings beat estimates.

Persons: FactSet, Forthe, Klaviyo, Airbnb, AppLovin, AMC's financials, Duolingo, —, Warby Parker, Warby, Kate Spade, Roblox, That's, Raymond James, Ancora, Alan Shaw, Equinix, amortization, Charles Meyers, Samantha Subin, Yun Li, Jesse Pound, Sarah Min, Hakyung Kim, Tanaya Macheel, Michelle Fox, Scott Schnipper Organizations: LSEG, LSEG . Revenue, AMC Entertainment, Revenue, FactSet . Revenue, FactSet, Leadership, JPMorgan, Norfolk Southern, postmarket Locations: The Virginia

☆ Stocks making the biggest premarket moves: Planet Fitness, Warner Bros Discovery, Yeti, Airbnb and more
▼ + stars: | 2024-05-09 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

Quarterly revenue was $248 million, versus the $249.5 million expected from analysts polled by FactSet. Klaviyo guided for second-quarter revenue of $211 million to $213 million, higher than the $210 million expected from analysts polled by LSEG. AppLovin reported earnings per share of 67 cents, versus the 57 cents expected from analysts polled by LSEG. Bumble reported earnings per share of 19 cents, versus the 7 cents expected from analysts polled by FactSet. Adjusted earnings per share were 7 cents, versus the 6 cents expected.

Persons: Revenue, Klaviyo, AppLovin, AMC's, Duolingo, LSEG . Bumble —, Bumble, Warby Parker, Warby, Roblox, —, Jesse Pound, Tanaya Macheel, Alex Harring, Samantha Subin Organizations: FactSet, Warner Bros, LSEG, postmarket, Revenue, AMC, FactSet . Revenue, Wall Locations: British

(This is CNBC Pro's live coverage of Wednesday's analyst calls and Wall Street chatter. A closely watched electric vehicle maker and a cloud software company were among the talked stocks by analysts on Tuesday. "We move to Sell given the increased lack of visibility around an inflection in the aforementioned trends," said analyst Kash Rangan. – Samantha Subin 6:19 a.m.: Wall Street reacts to Reddit's first earnings print as a public company Reddit's first earnings report since hitting the public markets in March is garnering some mixed responses from Wall Street analysts. "Its limited production and commercial history leaves much to be seen," he wrote "Rivian must prove it can acquire the customer base, while maintaining low advertising costs."

Persons: there's, Baird, Goldman Sachs, Kash Rangan, Rangan, – Samantha Subin, Mark Shmulik, Reddit, Doug Anmuth, Bank of America's Justin Post, Citi's Ronald Josey, Samantha Subin, Mark Delaney, Rivian, Dan Levy, RIVN, Wells Fargo's Colin Langan, Langan, Datadog Baird, Amit Agarwal, Will Power, DDOG, Power, Fred Imbert Organizations: CNBC, ZoomInfo Technologies, Wall Street, Google, Bank of America's, Barclays, Datadog, Cisco Locations: Rivian, Datadog

Learn moreAside from cushioned sneakers with adequate arch support, a well-fitting sports bra is arguably the most important item you can invest in when it comes to workout wear. Speaking from experience, the best sports bras for a large bust typically have a sturdy band, wider adjustable straps, and separated cups. With that in mind, the SheFit Ultimate Sports Bra comes out on top because it can accommodate any type of workout. Still, finding the right bra often depends on what type of physical activity you'll be engaging in. For more articles about finding the right fit with a larger chest, see our piece on the best swimsuits for large busts and the best bralettes for large busts.

Organizations: Business

☆ Boeing cargo plane lands with no front wheels at Istanbul airport
▼ + stars: | 2024-05-08 | by ( Samantha Lindell | ) edition.cnn.com time to read: 1 min

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☆ 'Bridgerton' star Phoebe Dynevor subtly revealed she's engaged at the Met Gala
▼ + stars: | 2024-05-08 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +1 min

Phoebe Dynevor attended the Met Gala on Monday in a custom Victoria Beckham gown. She also quietly revealed she is engaged to Cameron Fuller with her Met Gala look. AdvertisementOne of Phoebe Dynevor's accessories for the 2024 Met Gala was not like the others. A-list stars, billionaires, and athletes attended the "Sleeping Beauties: Reawakening Fashion"-themed gala in various interpretations of " The Garden of Time " dress code. This story is available exclusively to Business Insider subscribers.

Persons: Phoebe Dynevor, Victoria Beckham, Cameron Fuller, Dynevor, —, Phoebe Dynevor's Organizations: Service, Metropolitan Museum, Art's Costume, Business

☆ Quannah Chasinghorse says she's 'come so far' from her first Met Gala, where she felt like she didn't belong
▼ + stars: | 2024-05-08 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +4 min

Quannah Chasinghorse attended the 2024 Met Gala on Monday. Chasinghorse told Nylon she has become a "safe space" for first-time Met Gala attendees. AdvertisementThe 2024 Met Gala took place on Monday. Like, really, really lonely." AdvertisementLily Gladstone and Quannah Chasinghorse at the 2024 Met Gala.

Persons: Quannah Chasinghorse, Hannah Dixon, Chasinghorse, —, Tyla's, Mona Patel's, Ann, Sofie Johansson, Taylor Hill, Heather Dixon, Lily Gladstone, Arturo Holmes Organizations: Service, Metropolitan Museum of Art Locations: New York, Alaska

☆ New York Knicks parent company to see strong earnings thanks to NBA playoff run, Bank of America says
▼ + stars: | 2024-05-08 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Slam dunk seasons from the New York Knicks and Rangers should bode well for parent company Madison Square Garden Entertainment , according to Bank of America. While a playoff run may bode well for shares, Madison Square Garden Entertainment could potentially reap an even bigger reward if the teams make it to the championship. This is because a partial playoff run may be accounted for in the forecast but not a longer bid for a championship, Henderson said. MSGE YTD mountain Madison Square Garden Entertainment shares year to date. "We believe MSGE presents an attractive opportunity to own a growth-oriented, pure-play live entertainment company."

Persons: bode, Peter Henderson, Jalen Brunson, Henderson Organizations: New York Knicks, Rangers, Garden Entertainment, Bank of America, Knicks, Radio Locations: Madison

☆ Stocks making the biggest moves midday: Uber, Intel, Lyft, Shopify, Rivian and more
▼ + stars: | 2024-05-08 | by ( Hakyung Kim | ) www.cnbc.com time to read: +5 min

The company's overall revenue exceeded expectations, coming in at $10.13 billion versus analysts' estimate of $10.11 billion, per LSEG. Lyft – The ride-sharing company surged 5% after the company reported faster-than-expected growth in the first quarter. Lyft reported $1.28 billion in revenue, higher than the FactSet consensus of $1.16 billion. Arista Networks – Shares jumped 7% after the company reported better-than-expected first quarter results. Teva Pharmaceuticals — Shares advanced nearly 14% after the company reported better-than-expected revenue in the first quarter.

Persons: Lyft, FactSet, Rivian, Coupang, LSEG, Twilio, –, —, Samantha Subin, Tanaya Macheel, Michelle Fox, Alex Harring Organizations: Technologies, Revenue, LSEG, Intel, Department of Commerce, Huawei, Lyft, Electronic Arts, EA, Farfetch, Arista Networks –, Arista, Dutch Bros, Bros, Pharmaceuticals, Management Locations: China, Korea

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