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☆ Bank of America downgrades Caesars, Penn Entertainment as gaming industry faces a growth slowdown
▼ + stars: | 2022-12-14 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

It's time for investors to take a pause on shares of Caesars Entertainment and Penn Entertainment , Bank of America said Wednesday. Analyst Shaun Kelley downgraded both gaming stocks to neutral from buy and lowered the bank's price targets to $55 and $40, respectively. He said in the note to clients Wednesday that growth trajectories are stabilizing for both stocks, with shares shedding more than 2% before the bell. Going forward, don't be surprised if Caesars struggles to gain market share as it focuses on its digital business and pays down its debt, Kelley said. For Penn, Kelley anticipates risks as momentum from its stake in sports media company Barstool unwinds.

☆ Here are Wednesday's biggest analyst calls: Tesla, Apple, Amazon, Exxon Mobil, Nike, Best Buy & more
▼ + stars: | 2022-12-14 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Morgan Stanley names Exxon Mobil a top 2023 pick Morgan Stanley said Exxon Mobil is one of the best-positioned stocks heading into 2023. Morgan Stanley reiterates Apple as overweight Morgan Stanley said concerns about App Store competition are overdone. Bank of America downgrades Best Buy to underperform from neutral Bank of America said the environment is too challenging right now for Best Buy. Bank of America reiterates Nike as neutral Bank of America said it's cautious going into Nike earnings next week. Bank of America reiterates Alphabet as buy Bank of America said it's sticking with its buy rating on Alphabet but that investors need to hear more about the Google parent's cost-cutting initiatives.

☆ Stocks making the biggest moves midday: SoFi Technologies, Charter Communications, Delta and more
▼ + stars: | 2022-12-14 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Check out the companies making the biggest moves midday:SoFi Technologies — The fintech stock jumped more than 7% after a filing showed CEO Anthony Noto bought $5 million in common stock. Charter Communications — Charter Communications dropped more than 13% after CEO Chris Winfrey said at an investor event the company will invest $5.5 billion over three years to upgrade its high-speed internet network. Morgan Stanley said it was a top auto pick for 2023. RingCentral — Shares of RingCentral climbed 4.8% after being upgraded by Morgan Stanley to overweight from equal weight. In its call, Morgan Stanley said the software company is underappreciated.

☆ I'm the guy behind 'Pizza Rat.' The 7-year-old viral video still makes me money, got me my current job, and may even pay for my future home.
▼ + stars: | 2022-12-13 | by ( Andrew Ward | ) www.businessinsider.com time to read: +6 min

Matt Little is a creative director from New York whose "Pizza Rat" video went viral in 2015. He says going viral didn't change his financial situation completely, but it makes him money today. A clip of "Pizza Rat" on the move, from Little's 2015 YouTube video. If you've seen Pizza Rat on late-night TV, ads, or events, it's likely been legally signed off by a licensing firm and me. Jukin helps find requests I get for the Pizza Rat video and brand, handles unlicensed usage, and helps ensure essential negotiation specifics are in deals.

Just because rural areas are less populated doesn’t mean it’s cheaper to provide health services there. She recommends that rural counties explore lower-cost, evidence-based options like distributing naloxone, funding syringe service programs, or connecting people to housing or employment. “We couldn’t function if we didn’t partner for lots of different services.”In Colorado, pooling funds is built into the state’s model for managing opioid settlement money. “Nobody has paid any attention to our rural areas and this problem for years,” Laske said. They cross-referenced the results with a list of allowable uses for the $9 million in settlement funds they’ll receive over 18 years to create a priority grid.

☆ Freight railroad service is terrible, even without the threat of a strike
▼ + stars: | 2022-12-11 | by ( Chris Isidore | ) edition.cnn.com time to read: +9 min

But that doesn’t mean freight railroads are providing good service to their customers. Many of the problems tangling up the supply chain, driving up prices and slowing the economy can be traced to the steady decline in freight rail service in recent years. Some experts who represent rail customers who have complained about service in the past say service has gotten better since earlier this year. “The national freight rail network is broken, and the need for long-term rail reform is clear. Union Pacific (UNP), Norfolk Southern (NSC) and Berkshire Hathaway’s (BRKA) Burlington Northern Santa Fe all reported record earnings in 2021.

☆ Trevor Noah celebrates his last episode hosting ‘The Daily Show’ after 7 years behind the desk
▼ + stars: | 2022-12-09 | by ( Elizabeth Wolfe | ) edition.cnn.com time to read: +3 min

Noah noted the strong influence American political parties hold, encouraging his audience to consider issues outside the lens of democrat or republican ideals. From my mom, my gran, my aunt – all these Black women in my life,” the host said. “If you truly want to learn about America, talk to Black women,” he continued. Noah took over the program in 2015 from long-time host Jon Stewart whose 16-year run of the show shaped it into a late-night staple. He kicks off his “Trevor Noah: Off The Record” tour in Atlanta on January 20.

☆ How Big Tech Shakeup, Layoffs Leave Social-Media Creators Scrambling
▼ + stars: | 2022-12-08 | by ( Brooke Erin Duffy | ) www.businessinsider.com time to read: +12 min

Meanwhile, laborers who rely on social-media platforms for visibility, reputation burnishing, and income have been left reeling — from journalists and academics to freelancers and adult performers. Last month, a plus-size creator told me how self-censorship becomes a risk-reduction strategy for marginalized creators. As the journalist Paul Gallant argued, queer content creators face a continuous struggle to avoid "the wrath that comes from violating ever-changing and poorly explained terms of service." Even coverage of the influence on social-media creators has been more tuned in to those with the biggest followings. But the real pain from this tug-of-war for the future of social media will be felt by those who have long faced the greatest hurdles: marginalized creators.

☆ US labor officials say Apple violated the law by allegedly interrogating employees and holding mandatory meetings about unionization
▼ + stars: | 2022-12-07 | by ( Britney Nguyen | ) www.businessinsider.com time to read: +4 min

An Atlanta NLRB director found merit to allegations that Apple violated labor law. Apple, which did not respond to Insider's request for comment, has previously denied wrongdoing in a complaint with similar allegations concerning a New York Apple Store. We commend the NLRB for recognizing captive audience meetings for exactly what they are: a direct violation of labor rights." The Atlanta Apple Store in Cumberland Mall became the first Apple retail location to file for a union election in April. The employees in Atlanta eventually withdrew their call for a union vote days before the election, alleging intimidation from Apple.

☆ 'The Daily Show' reveals Chelsea Handler, Leslie Jones and John Leguizamo will guest host
▼ + stars: | 2022-12-06 | by ( Dan Heching | ) edition.cnn.com time to read: +1 min

CNN —The end of an era is fast approaching at Comedy Central’s “The Daily Show,” and the network has announced at least the first phase of plans for what’s to come next. Following longtime host Trevor Noah’s imminent departure, the network shared this week that comedy legends including Al Franken, Chelsea Handler, D. L. Hughley, Leslie Jones, John Leguizamo, Hasan Minhaj, Kal Penn, Sarah Silverman, Wanda Sykes and Marlon Wayans will fill in as host of the late-night show starting Tuesday, January 17th, as part of its “next chapter”. Courtesy Comedy CentralNoah’s final show is set to air this Thursday. The network has yet to announced whether guest hosts will revolve indefinitely or if a permanent, individual host will be named soon. “The Daily Show” airs weeknights at 11:00 p.m. ET/PT on Comedy Central and is available the following morning on Paramount+.

☆ Cramer's lightning round: I can't recommend Penn Entertainment right now
▼ + stars: | 2022-12-05 | by ( Krystal Hur | ) www.cnbc.com time to read: +1 min

They're good guys, but I cant recommend the stock right now." Loading chart...Digital World Acquisition Corp : "It's one of the SPACs that's not making money. The SPACs that aren't making money are stocks I don't like." Loading chart...ZIM Integrated Shipping Services Ltd : "I've been against the shipping services since they first started ships. Loading chart...CME Group Inc : "Winner, winner, chicken dinner.

☆ How to avoid mistakes with required minimum distributions from your retirement accounts
▼ + stars: | 2022-11-30 | by ( Sarah O'Brien | ) www.cnbc.com time to read: +4 min

Divide your account balance — say it's $100,000 — by that factor and your 2022 RMD for that account would be about $3,650. For 401(k) accounts, RMDs must come from each account that is subject to the withdrawals. However, you can aggregate 403(b) accounts, Slott said. Spouses cannot combine their RMDsCharday Penn | E+ | Getty ImagesMarried couples must view their accounts and RMDs separately from each other. "You're holding the same thing but you've satisfied your RMD," Slott said.

☆ Here are Monday's biggest analyst calls: Amazon, Apple, DraftKings, Tesla, Live Nation & more
▼ + stars: | 2022-11-28 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Monday's biggest calls on Wall Street: JPMorgan reiterates Apple as overweight JPMorgan said its survey checks show Apple's iPhone Pro lead times are moderating. JPMorgan names Amazon a top idea heading into 2023 JPMorgan said Amazon is the "most diversified mega-cap across revs & profit & has numerous large growth opportunities." Morgan Stanley downgrades Aptiv to equal weight from overweight Morgan Stanley said in its downgrade of the auto tech supplier that it thinks Aptiv will be affected by a slower rollout of electric vehicles. Morgan Stanley downgrades Williams-Sonoma to underweight from equal weight Morgan Stanley said in its downgrade of Williams-Sonoma that "negative revisions are set to begin." JPMorgan downgrades First Solar to neutral from overweight JPMorgan downgraded the solar stock mainly on valuation.

☆ JPMorgan downgrades DraftKings, says other sports betting stocks look more attractive
▼ + stars: | 2022-11-28 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

It's time for investors to ditch shares of DraftKings , according to JPMorgan. DraftKings' stock has come under pressure this year, falling nearly 45% since the start of 2022 and 58.6% from its 52-week highs. The bank's $12 price target implies a near 21% downside for the stock from Friday's close. JPMorgan also downgraded shares of Penn Entertainment to neutral from overweight. In other words, our downgrade of PENN is a valuation call," JPMorgan said.

☆ Flu hospitalizations increase nearly 30% as U.S. enters holiday season
▼ + stars: | 2022-11-28 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Flu has hit unusually hard and early this season, putting pressure on emergency departments across the nation. Flu activity normally picks up after Thanksgiving, but hospitalizations were already at a decade high in early November. Scientists and public health experts are worried flu hospitalizations will surge even more after millions traveled to see family and friends for Thanksgiving. About 11 people out of every 100,000 have been hospitalized with the flu since early October, the highest level in a decade. "The fact that we're already at this high level going into the holiday season makes me nervous," said Scott Hensley, a microbiologist and flu expert at the Penn Institute for Immunology.

After weeks of passing up early Black Friday deals from Walmart, Target and Amazon, Uribe is on the hunt for a Nintendo Switch and video games for her daughter, Tupperware for her kitchen and a vacuum cleaner. Checking off items from the holiday list is "just cheaper" on Black Friday, plus, "it's our favorite day of the year, so we just wait," Uribe said. Uribe joins millions of shoppers who waited for what they hope might be the deepest discounts of the holiday season on Black Friday, despite an industry-wide push by retailers to get shoppers to buy holiday items starting in October. The waiting game by shoppers has forced retailers to offer steep discounts on items, which may pinch profit margins in the fourth quarter. Americans, especially from low-income households, are expected to pull back on their holiday shopping this year as inflation and higher energy prices pinch their spending power.

☆ ‘Fascism Comes to America’ Review: It’s Always Happening Here
▼ + stars: | 2022-11-21 | by ( D.G. Hart | ) www.wsj.com time to read: +1 min

Popcorn doesn’t come with books published by respected university presses, but in the case of Bruce Kuklick’s “Fascism Comes to America,” maybe it should. Mr. Kuklick, a professor emeritus of history at Penn and an accomplished historian of ideas, turns his skills to Hollywood’s treatment of fascism. “Yet fascism has remained alive in Americanimaginations long after its eclipse in 1945.” Movies reveal popular sentiments in ways policy analysis does not. Hollywood’s use of farce to portray fascism illustrates a problem at the heart of this book. Another was “Red Heat” (1988), with Arnold Schwarzenegger (Soviet) and Jim Belushi (American) as “buddy-cops” catching a Georgian drug kingpin.

Two armed men arrested in connection with online threats against New York City's Jewish community had a Manhattan synagogue in their sights, a prosecutor said Sunday. The two had traveled to Pennsylvania late last week to purchase a gun, prosecutors said in the charging documents. "I changed my mind because I was nervous about the police and didn't want the gun anymore," Brown is quoted as saying. Mahrer ultimately purchased the weapon from the man who drove them out of state, Brown said, according to prosecutors. Earlier in the week, Brown is also alleged to have tweeted, "Big moves being made on Friday."

☆ Threat Against Jewish Community Thwarted, New York Officials Say
▼ + stars: | 2022-11-20 | by ( James Fanelli | ) www.wsj.com time to read: 1 min

Two men were arrested and weapons recovered in New York City’s Penn Station on Saturday in connection with alleged threats on social media against the city’s Jewish community. Two men carrying a hunting knife and an illegal gun were arrested in Manhattan early Saturday in connection with making an alleged threat against the Jewish community, New York Police Department officials said. Christopher Brown , 21 years old, and Matthew Mahrer , 22, were arrested in Pennsylvania Station after being spotted by two Metropolitan Transportation Authority police officers, NYPD officials said. The officers recovered a Glock 17 firearm and a 30-round magazine, the officials said.

☆ Two men arrested in connection to threats against Jewish community in New York
▼ + stars: | 2022-11-20 | by ( Moira Warburton | ) www.reuters.com time to read: +1 min

Nov 19 (Reuters) - Two men were arrested at New York's Penn Station in connection with threats to the Jewish community, police said on Saturday. New York Metropolitan Transportation Authority (MTA) officers identified the two men late on Friday night after being alerted to warrants for their arrests by the FBI/NYPD Joint Terrorism Task Force, the MTA said in a statement. Police seized a hunting knife, an illegal Glock 17 firearm and a 30-round magazine after investigating the individuals. No details were released on the two men, although the New York Times reported authorities released an alert late on Friday for a man who had recently made threats against synagogues in the New York area. A joint investigation for a "strong prosecution" is now taking place, and NYPD officers are deploying to "strategic locations" around the city, Sewell said.

Two men with access to weapons were arrested at New York City's Penn Station early Saturday in connection with a probe of threats to the Jewish community, authorities said. The senior law enforcement sources said Brown had the swastika armband on him when he was arrested at the train station. NYPD Commissioner Keechant L. Sewell said in a statement that authorities first identified "a developing threat to the Jewish community" Friday. Three law enforcement sources said threats against the Jewish community were posted online. "Today, we’re extremely grateful to NYPD investigators and our law enforcement partners who uncovered and stopped a threat to our Jewish community," Sewell tweeted Saturday.

☆ Trump or Biden? How About Neither?
▼ + stars: | 2022-11-18 | by ( Mark Penn | Andrew Stein | ) www.wsj.com time to read: 1 min

Joe Biden and Donald Trump: Please do the country a service and don’t run for president in 2024. America is in gridlock over the both of you, and it’s time to let the country progress and find a unifying force that can lead it into the next decade. According to a Nov. 10-14 Morning Consult poll, 65% of Americans don’t want Mr. Biden to run again, and 65% say the same of Mr. Trump. Both of you have served this country, yet both of you have flaws and problems that stand in the way of a successful second term.

☆ The Final Call: TSLA & PENN
▼ + stars: | 2022-11-18 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Final Call: TSLA & PENNThe traders make their final trades of the week. With CNBC's Melissa Lee and the Options Action traders, Carter Worth, Mike Khouw and Dennis Davitt.

☆ Exclusive: Texas producer Ranger Oil explores sale
▼ + stars: | 2022-11-18 | by ( Shariq Khan | ) www.reuters.com time to read: +2 min

Nov 18 (Reuters) - Ranger Oil Corp (ROCC.O) is exploring a potential sale as the south Texas oil and gas producer looks to capitalize on high energy prices to pursue strategic options, people familiar with the matter said on Friday. Shares in Ranger, which operates in the Eagle Ford shale basin, jumped over 5% on Friday after Reuters reported the company's sale efforts. Ranger Oil did not immediately respond to a request for comment. Ranger had gained around 58% this year, prior to news of its sale efforts. Last year, Penn Virginia Corp bought Lonestar Resources US Inc in an all-stock deal valued at $370 million, and later rebranded the combined company as Ranger Oil.

Few causes have united the country like this summer’s multistate effort to kill spotted lanternflies, the colorful invasive insects that have wreaked havoc in at least 14 states. Now, as adult lanternflies begin to perish during the winter, experts say those efforts might have curbed the species’ spread to some degree. Anne Johnson, a doctoral student studying the spotted lanternfly in Hoover’s lab at Penn State, believes the viral trends can make a difference. Spotted lanternflies are native to China, where they don’t often become a pest. “We’ll always have to deal with spotted lanternfly,” Johnson said.

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