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☆ Stocks making the biggest moves premarket: Meta Platforms, Honeywell, Merck, Southwest Airlines and more
▼ + stars: | 2024-04-25 | by ( Hakyung Kim | ) www.cnbc.com time to read: +4 min

However, first-quarter earnings and revenue both came above analysts' estimates. Honeywell — The industrial stock rose 2.2% in premarket trading after the company posted earnings per share of $2.25, beating LSEG analysts' estimates of $2.17. Revenue for the quarter came in at $9.11 billion, compared to the $9.03 billion analysts were expecting. Analysts surveyed by LSEG forecast $1.88 in earnings per share and $15.20 billion in revenue. ServiceNow — The workflow management company shed 4% after narrowly beating analysts' revenue expectations in the first quarter.

Persons: Merck, LSEG, ServiceNow, —, Macheel, Samantha Subin, Jesse Pound, Pia Singh, Alex Harring Organizations: Facebook, Honeywell, Merck, Southwest Airlines, American Airlines, LSEG, StreetAccount, IBM, Caterpillar, Deutsche Bank — U.S, Deutsche Bank, Comcast, Technology, Revenue, CNBC Locations: NBCUniversal

☆ Stocks making the biggest moves midday: Meta, Victoria's Secret, Microsoft, Caterpillar and more
▼ + stars: | 2024-04-25 | by ( Pia Singh | ) www.cnbc.com time to read: +5 min

Honeywell posted adjusted earnings per share of $2.25, beating analysts' estimates of $2.17 per share, per LSEG. Revenue for the quarter also came in better-than-expected at $9.11 billion, compared to the $9.03 billion analysts were expecting. ServiceNow — The digital workflow firm slid 5% after it only narrowly beat analysts' revenue expectations in the first quarter. ServiceNow posted revenue of $2.6 billion, slightly higher than the $2.59 billion analysts polled by LSEG had anticipated. Caterpillar — Shares tumbled 6.5% after revenues of $15.8 billion for the most recent quarter missed analysts' estimates of $16.04 billion, according to LSEG.

Persons: Goldman Sachs, Mark Zuckerberg, ServiceNow, LSEG, —, Alex Harring, Brian Evans, Samantha Subin, Yun Li, Lisa Kailai Han, Pia Singh, Michelle Fox Organizations: Facebook, Meta, Tech, Microsoft, Beverage, JPMorgan, Monster Beverage, Honeywell —, Honeywell, Revenue, Merck, Co, LSEG, — Bank of America, Southwest Airlines —, Management, StreetAccount, Machines, IBM, Bank of America, Caterpillar, Nvidia —, Nvidia, Comcast, Deutsche Bank — U.S, Deutsche Bank, CNBC Locations: NBCUniversal

☆ There’s History in These Cheese Pulls
▼ + stars: | 2024-04-25 | by ( Christina Morales | ) www.nytimes.com time to read: 1 min

Queso fundido is a staple at many Mexican and Tex-Mex restaurants, but it has deeper roots as an essential appetizer during carne asadas. Credit... Kelly Marshall for The New York Times. Food Stylist: Samantha Seneviratne.

Persons: carne asadas, Kelly Marshall, Samantha Seneviratne Organizations: The New York Times Locations: carne asadas .

☆ Why Is This Seder Unlike All Other Seders?
▼ + stars: | 2024-04-24 | by ( Joseph Bernstein | ) www.nytimes.com time to read: +1 min

Why was this Seder different from all other Seders? Start with the setup: a glittering table set for 100, running the length of a drafty warehouse in the Bushwick section of Brooklyn. Also unlike most seders, this one, on Thursday night (before the start of the holiday), featured a D.J. Guests at the Seder and past parties have included Brett Gelman, the actor; Samantha Ronson, the D.J. ; Richard Kind, the actor; Chi Ossé, the Brooklyn city councilman; and the actor David Schwimmer.

Persons: York influencers, Elijah, Brett Gelman, Samantha Ronson, Richard Kind, Chi Ossé, David Schwimmer Locations: Bushwick, Brooklyn, York

☆ Judge approves NAR settlement on broker commissions
▼ + stars: | 2024-04-24 | by ( Samantha Delouya | ) edition.cnn.com time to read: +2 min

On Tuesday, Judge Stephen Bough granted preliminary approval to the $418 million antitrust settlement in a Missouri court. Housing experts say the settlement may effectively demolish the current real estate business model. Under the terms of settlement, which was announced in March, sellers’ agents will no longer be required to offer commissions to buyers’ agents. While the settlement does not explicitly spell the end of the traditional 6% commission, split between the seller’s agent and the buyer’s agent, commissions are expected to fall because they will become competitive and negotiable. If sellers are no longer paying buyers’ agents, homebuyers may be on the hook to pay their broker directly.

Persons: Stephen Bough, Matt Hanley, ” Hanley, “ I’m Organizations: CNN, National Association of Realtors, NAR, homebuyers Locations: United States, Missouri, Minnesota

☆ Check out the pitch deck productivity startup Read AI used to land $21 million to fuel its meeting-summary generator
▼ + stars: | 2024-04-24 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +3 min

The startup, Read AI, closed a $21 million Series A funding round in April. Goodwater Capital led the round, with participation from existing investor Madrona Venture Group, which led the startup's $10 million seed round in 2021. David Shin, who co-founded Read AI alongside Robert Williams and Elliott Waldron, told Business Insider that the generative AI boom over the last year has supercharged what the startup can offer clients. Read AI offers multiple pricing plans, including a basic, free version for individual users as well as enterprise and enterprise plus accounts that cost $22.50 and $29.75 a month per user, respectively. Check out the 23-slide presentation Read AI used to raise $21 million in Series A funding.

Persons: David Shin, Robert Williams, Elliott Waldron, Read Organizations: Goodwater Capital, Madrona Venture Group, Business, Microsoft, Google, Read, Bloomberg Locations: Seattle

☆ Stocks making the biggest moves premarket: Boeing, Tesla, Visa, Airbnb and more
▼ + stars: | 2024-04-24 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Airbnb – The vacation property rental platform added nearly 2% following an upgrade by Mizuho to buy from neutral. Visa — Shares of the payment company rose more than 2% after stronger than expected results for the second fiscal quarter. Texas Instruments posted $1.20 per share on $3.66 billion in revenue, beating analysts' projections of $1.07 and $3.61 billion, respectively, per LSEG. Mattel saw $810 million in revenue during the quarterly period, which was less than the consensus estimate of $832 million. Enphase said to expect second-quarter revenue between $290 million and $330 million, under the consensus forecast of $349 million.

Persons: Mizuho, Elon Musk, Tesla, LSEG, —, Enphase, Alex Harring, Samantha Subin, Jesse Pound, Brian Evans, Yun Li, Sarah Min, Michelle Fox Theobald Organizations: Boeing —, Boeing, Mizuho, Summer Olympics, Visa —, Visa, Revenue, Texas, Sea, Capital, Mattel, LSEG, Enphase Energy

☆ Columbia University protesters given midnight deadline on talks to dismantle encampment, president says
▼ + stars: | 2024-04-23 | by ( Ramishah Maruf | Samantha Delouya | ) edition.cnn.com time to read: +7 min

New York CNN —Columbia University student organizers were given a midnight deadline Tuesday to resolve talks with the university over dismantling the pro-Palestinian encampment that has cast its campus into days of turmoil and unease, the school’s president said. Though the outcome of the negotiations is still unclear, Columbia President Minouche Shafik said the university would consider “alternative options” if no agreement was reached by midnight. As of 12:10 a.m., the NYPD had not been asked by Columbia University to respond to the campus, a police spokesperson told CNN. Harvard University has closed Harvard Yard and officials at the university suspended a pro-Palestinian student organization for allegedly violating school policies. The encampment at Columbia University was lively early this week, with many students congregating in circles, eating and talking.

Persons: Minouche Shafik, Shafik, ” Shafik, Joe Biden, Mike Johnson, Barnard, Lisa Rosenbury, –, Eric Adams, Cameron Jones, “, Jacob Schmeltz, it’s, ”, Biden, Andrew Bates, Bates, Hakeem Jeffries, It’s, ” CNN’s Kate Sullivan, John Towfighi, Melanie Zanona, Taylor Romine, Omar Jimenez, Sara Smart, Matt Egan, Nic F, Anderson, Isabel Rosales Organizations: New, New York CNN — Columbia University, Columbia, New York Police Department, NYPD, Columbia University, CNN, Barnard College, New York University, NYU, Yale University, University of New, University of Minnesota’s, Massachusetts Institute of Technology, Emerson College, University of California, University of Michigan . Harvard University, Harvard, Columbia Columbia, New York City, Democratic Locations: New York, Columbia, United States, New Haven , Connecticut, Gaza, University of New Mexico, University of Minnesota’s Twin Cities, Berkeley, Israel

☆ Earnings this week will be dominated by Big Tech. What analysts expect
▼ + stars: | 2024-04-23 | by ( Samantha Subin | ) www.cnbc.com time to read: +7 min

Big technology earnings this week could offer a much-needed catalyst for a market under pressure. Last week, the S & P 500 and Nasdaq Composite notched their longest daily losing streaks since October 2022, with the broad index posting its worst week since March 2022. Big Tech's performance this week could set the tone for the rest of earnings season and revive the market momentum. Tesla Tesla launches the reporting period for the "Magnificent Seven" stocks, with results due out after the bell Tuesday. Meta Platforms Meta Platforms ' results are due out after the bell Wednesday.

Persons: Tesla, Elon Musk, John Murphy, Longtime Deutsche Bank Tesla, Emmanuel Rosner, Brent Thill, Bernstein, Mark Shmulik, Doug Anmuth, Justin Post, Goldman Sachs, Eric Sheridan, Jefferies, Bernstein's, Wells Fargo's Michael Turrin, Piper Sandler's Brent Bracelin, Kash Rangan, Brad Zelnick, OpenAI, Satya Nadella Organizations: Federal Reserve, Nasdaq, Tesla Tesla, Bank of America, Barclays, Longtime Deutsche Bank, Microsoft, Deutsche, NVIDIA Locations: China

☆ Sam and Aaron Taylor-Johnson can’t ‘fathom’ people’s fascination over their age gap
▼ + stars: | 2024-04-22 | by ( Jack Guy | ) edition.cnn.com time to read: +2 min

CNN —Filmmaker and artist Sam Taylor-Johnson has said that she and her husband Aaron “couldn’t really fathom the fascination” with the age gap between them. The movie, in which Aaron Taylor-Johnson portrays John Lennon during his early years, was released in the United Kingdom in 2009. He was 19 and Sam Taylor-Johnson was 42 at the time. “I guess that interest was more when we got together – which is now 14 years – at the beginning, was quite intense,” said Taylor-Johnson. Fergus McDonald/Getty Images“And that sort of fascination, because he’s younger than me, which you know, we couldn’t really fathom the fascination.”“But I guess it’s sort of gone away a little bit,” she added.

Persons: Sam Taylor, Johnson, Aaron “ couldn’t, Taylor, Aaron Taylor, John Lennon, ”, Fergus McDonald, I’m, Wylda Rae, Romy Hero, Samantha Taylor, Jay Jopling, James Bond, Bond Organizations: CNN Locations: United Kingdom

☆ I spent over $50,000 on IVF treatments. Eventually, one of my sisters donated her eggs, and the other was my surrogate.
▼ + stars: | 2024-04-22 | by ( Jane Ridley | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Stephanie, 41, stepped up as our surrogate, while Meredith, another of my sisters, was our egg donor. AdvertisementStill, we did a total of six more rounds of IVF, costing more than $50,000. But we're a very close family — Stephanie, Meredith, and my youngest sister, Samantha, lived through every high and low of our IVF journey. Meredith and Stephanie presented us with the most special gift in the world.

Persons: —, Jacyln, Stephanie, who'd, Jaclyn, Greg, We'd, Meredith, Turner, Mosaic Turner, Jaclyn Feiberg, endometriosis, Samantha, selflessness, didn't, David Berck, Barbara, hysterically Organizations: Service, Business, Health Locations: Westchester , New York

☆ Former JetBlue CEO Robin Hayes to lead Airbus in North America
▼ + stars: | 2024-04-22 | by ( Samantha Delouya | ) edition.cnn.com time to read: +1 min

CNN —Former JetBlue CEO Robin Hayes will join Airbus as the company’s North American leader. Airbus reported record annual jet orders in 2023, but in a statement Monday, Airbus CEO Guillaume Faury hinted at plans for further expansion in North America. The announcement of Hayes’ Airbus appointment comes just over two months after he left JetBlue, which has a fleet of Airbus planes. “It’s time I put more focus on my health and well-being.”In a statement Monday, Hayes said he was excited and energized to join Airbus after taking time off. As chairman and CEO of the North American business, Hayes will lead Airbus’ commercial aircraft business and oversee the company’s helicopters and space and defense business in the region.

Persons: Robin Hayes, Hayes, Jeff Knittel, Guillaume Faury, Robin, Faury, “, ” Hayes Organizations: CNN —, JetBlue, Airbus, Airbus Americas, Boeing, North Locations: North America

☆ Stocks making the biggest moves midday: Tesla, Verizon, Paramount, Coinbase and more
▼ + stars: | 2024-04-22 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Tesla , Li Auto — Tesla shares declined nearly 4%, hitting a 52-week low, following announcements of price cuts. Verizon reported $33 billion in revenue, slightly under the $33.32 billion figure penciled in by analysts, per FactSet. Informatica — The enterprise data management company tumbled nearly 9% after acquisition talks with Salesforce broke down. Salesforce shares inched higher by less than 1%. Riot Platforms — The bitcoin miner rallied 14% following the " halving" event , in which bitcoin mining rewards were cut in half.

Persons: Li Auto, Li, CNBC's David Faber, Salesforce, Crypto, Coinbase, MicroStrategy, UnitedHealth's OptumRx, Cardinal Health's, Zions, —, Jesse Pound, Samantha Subin, Michelle Fox, Alexander Harring Organizations: Tesla, Reuters, Li Auto, Verizon Communications, Verizon, Paramount Global, Sony, Informatica, JPMorgan, Health Locations: China

☆ Live Updates: Yale Students Arrested as Campus Chaos Spreads
▼ + stars: | 2024-04-22 | by ( Alan Blinder | ) www.nytimes.com time to read: +11 min

Some reportedly shouted at Jewish students and made antisemitic statements. Still, some Jewish students who are supporting the pro-Palestinian demonstrations on campus said they felt solidarity, not a sense of danger, even as they denounced the acts of antisemitism. Image Grant Miner, a Jewish graduate student at Columbia University, says he doesn’t feel unsafe on campus. Jewish students get harassed trying to leave @Columbia’s campus tonight. Image At the “Gaza Solidarity Encampment” on the Columbia campus, tents were crowded together Sunday night.

Persons: Eric Adams, ” Andrew Bates, Nemat Shafik, Minouche, “ Al, Adams, Grant Miner, Bing Guan, New York Times “, “, U2Ii5GTuLm — David lederer, @Davidlederer6, ”, Eliana Goldin, Aryeh, . Goldin, Samantha Slater, Shafik, Mr, Miner, ” Makayla, Gubbay, —, “ There’s, ” Ms, Elie Buechler, Rabbi Buechler, Hillel, ” Brian Cohen, Noah Levine, “ I’m, Xavier Westergaard, Sharon Otterman Organizations: Columbia, Jewish, White, New, ”, Columbia University, Credit, New York Times, Palestinian, Israel, University, New York Police Department, Barnard College, Gaza Solidarity, New York Times Students, Ivy League, Campus, “, Hillel, Broadway, Jewish Voice, Peace Locations: Upper Manhattan, New York City, American, Israel, Columbia, Poland, @Columbia’s, Europe, Chabad, Gaza, Palestine, Amsterdam

☆ TikTok has become a pseudo-shopping channel, and Gen Z has had enough
▼ + stars: | 2024-04-22 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +8 min

@ceevannn #stitch with @Renèe | Influencer Marketing these days, Katy Hearn’s products and branding dont move me to purchase. TikTok influencers stand above IG because of authenticity. As social media marketing evolved, so did the opportunity for influencers to work with more brands. Data shared with the outlet from a YPulse study found that 45% of 13 to 22-year-old respondents felt influencers don't have the sway they used to. Sophie Wood, the director of strategy at influencer marketing agency Fohr, told BI the influencer bubble hasn't burst, it's just changing.

Persons: —, Manrika Khaira, TikTok, it's, Zers, CeeVan, influencers, Katy, rogan, @Madeline Pendleton, Ashley Rector, Quimby, — influencers, Rector, Samantha Zink, Zink, Gen Z, Influencers, Catherine Falls, Sophie Wood, Wood, Hannah Witton, Witton, It's, Jessica Dante Organizations: Service, Business, Influencer, qvc, Federal, Quimby Digital, Zink Talent, Yahoo News, YouTube, Smart, BI, Love Locations: Catherine, London

☆ I visited Chanel's watches and fine jewelry boutique in NYC and saw why the brand is betting on in-person shopping
▼ + stars: | 2024-04-22 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +6 min

In February, Chanel opened a watches and fine jewelry boutique on Fifth Avenue in New York City. My destination was Chanel's watches and fine jewelry flagship, dedicated to exclusive and vintage jewelry from the brand. Anna Weyant and Eileen Kelly at the opening of Chanel's watches and fine jewelry store in February 2024. Amandla Stenberg at the Chanel watches and fine jewelry opening in February 2024. Visiting Chanel's watches and fine jewelry boutique is an experience, which you just can't get online.

Persons: Chanel, Peter Marino, Coco Chanel, —, Bergdorf Goodman, Robb, Saint Laurent, Samantha Grindell, Gilbert Carrasquillo, Anna Weyant, Eileen Kelly, Chanel's, Sean Zanni, Marino, Coco, Amandla Stenberg Organizations: Service, Tiffany, Chanel, Hollywood, Workers, W Locations: New York City, New York

☆ The US dollar is strengthening. Here’s what’s driving the rally and what it means for Americans
▼ + stars: | 2024-04-21 | by ( Bryan Mena | ) edition.cnn.com time to read: +7 min

What does the dollar rally mean internationally? The US Commerce Department releases March figures on new orders for durable goods. The US Commerce Department releases its first estimate of first-quarter gross domestic product. The US Labor Department reports the number of new applications for unemployment benefits in the week ended April 20. The US Commerce Department releases March figures on household spending, income and the Fed’s preferred inflation gauge.

Persons: it’s, Michelle Bowman, Bell, Claudio Irigoyen, It’s, Samantha Delouya, ”, eMarketer, Ross Benes, Wall, Read, Lockheed Martin, Raymond James, Northrop Organizations: Washington CNN, Federal Reserve, Bank of America, Netflix, Verizon, Truist, Albertsons, The Chicago Fed, Visa, Tesla, Pepsico, Novartis, UPS, Lockheed, Banco Santander, Spotify, General Motors, Halliburton, Global, US Commerce Department, Meta, IBM, Boeing, Chipotle, Hilton, Ford, Hasbro, Whirlpool, Wyndham, Microsoft, Mobile, Caterpillar, Comcast, Intel, P Global, Honeywell, Gilead, Northrop Grumman, Valero, Capital, Nasdaq, Southwest Airlines, American Airlines, Citizens Financial, US Labor Department, National Association of Realtors, Bank of Japan, Exxon Mobil, Chevron, HCA Healthcare, Colgate, Palmolive, Phillips, Charter Communications, University of Michigan Locations: Europe, Japan, China, Roku

“Thank you, America!” Zelensky wrote on his Telegram on Saturday, shortly after the House of Representatives passed the long-delayed Ukraine Security Supplemental Appropriations Act by a vote of 311-112. The bill was part of a wider $95 billion package providing foreign aid for Ukraine, Israel and the Indo-Pacific region. Meanwhile, the House passed the Israel Security Supplemental with a vote of 366-58. Lawmakers wave Ukrainian flags after the House passed the Ukraine Security Supplemental Appropriations Act. “For people who want to defeat the enemy, this news is a great morale booster.”He went on: “To win, we need ammunition … we really need artillery shells because we have an artillery hunger.

Persons: Volodymyr Zelensky, Benjamin Netanyahu, ” Zelensky, Zelensky, ”, Nabil Abu Rudeineh, Mahmoud Abbas, Joe Biden, “, Dmytro Kuleba, Vladimir Putin, ” Kuleba, Maria Zakharova, Dmytro Kurylovich, Bankir Organizations: CNN, Israel, Palestinian, Senate, Getty, Russian Foreign, 110th, National Guard, Artillery, “ Locations: Ukraine, Israel, Russia, Europe, United States, “, Taiwan, Kyiv, Zaporizhzhia, Avdiivka, Russian

☆ If you’re investing in the AI theme for the long haul, here’s how to pick the winners
▼ + stars: | 2024-04-20 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Artificial intelligence has shaken up the investing landscape since the groundbreaking launch of ChatGPT in November 2022. Since then, investors have poured money into all things related to AI as they hunt for the next big winners. AI is poised to be a central theme as the technology transitions from early-stage winners to second-stage adopters. When it comes to chip stocks, Schleif also recommends taking a look at government grants. She highlighted the Global X Robotics and Artificial Intelligence ETF (BOTZ) , the First Trust Nasdaq AI and Robotics ETF (ROBT) and the Global X Artificial Intelligence & Technology ETF (AIQ).

Persons: Tesla, Nvidia —, Jay Woods, Carol Schleif, Schleif, Joe Biden, Nancy Tengler, Marguerita Cheng, BMO's Organizations: ChatGPT, Apple, Microsoft, Nvidia, Big Tech, Nasdaq, Freedom Capital, BMO Family Office, Samsung Electronics, Intel, Investors, Tengler, IBM, Blue, Global Wealth, Robotics, Intelligence, Technology Locations: Texas, Gaithersburg , Maryland

☆ She set out to find a husband in a year. Then she matched with a guy on a dating app on the other side of the world
▼ + stars: | 2024-04-19 | by ( Francesca Street | ) edition.cnn.com time to read: +21 min

He quickly found the Wellington dating pool to be full of people he vaguely knew – friends of friends or old college acquaintances. The whole thing was quite surreal, made only more so by the fact that Samantha had now met Toby’s parents before she’d actually met Toby in person. When Samantha returned to London, Toby was in a bad way. “But we were spending 24/7 together.”Samantha says the decision was obvious “pretty much as soon as we met in real life.”In time, Toby met Samantha’s family. Telling the story on stageSamantha first told the story of how she met Toby on stage in 2018.

Persons: Samantha Hannah, Samantha, “, ”, ” Samantha, she’d, absentmindedly, I’d, ’ ”, wasn’t, Samantha swiped, Toby, –, ” Toby, Toby Hunter, he’d, Samantha’s, – Samantha, Wellington, “ Sammy, ” she’d, – he’d, they’d, he’s, Samantha Hannah Toby, Sammy, I’m, Toby’s, “ We’d, ’ Toby, Samantha Hannah Samantha, Toby hadn’t, ’ ” Samantha, Samantha –, London, Madame Tussauds, Samanta’s, Time, Samantha didn’t, who’d, that’s, didn’t, ” –, Mount, “ We’re, Samantha Hannah Today, she’s, It’s, Toby –, it’s, doesn’t, We’ve, we’ve, Toby aren’t, “ I’ll, Toby hasn’t, “ We’ve, Toby wasn’t Organizations: CNN, CNN Travel, Facebook, Marlborough, Civilian, New Zealand, MTV, London, Design Museum, Wellington Opera House, Edinburgh Fringe, Scottish, Comedy Locations: Australia, New Zealand, Perth, Scotland, Zealand, Wellington, Gisborne , New Zealand, Napier, London, Bali, Wellington , New Zealand, NZ, Glenorchy , New Zealand, New, ”, Budapest, Hungary, Heathrow, Toby’s, “, Edinburgh

☆ Your movie theater may be shortchanging your drinks, a lawsuit alleges
▼ + stars: | 2024-04-19 | by ( Samantha Delouya | ) edition.cnn.com time to read: +3 min

CNN —Not even a beer at the movies is spared from shrinkflation, alleges a lawsuit against Cinemark. Waldrop then took the container home and measured it for himself, finding it only held 22 ounces, according to the lawsuit. Rising prices seem to have boosted that revenue: Cinemark reported concession revenue for 2023 exceeded revenue in 2019 by 3%, even though movie attendance was 25% lower. A 20-ounce drink at the Plano, Texas, Cinemark theater Waldrop visited costs $7.80 pre-tax, while a 24-ounce drink costs just $1 more, at $8.80. “The 24 oz drink should provide a deal for consumers over the 20 oz drink’s price: $0.37 per ounce vs. $0.39 per ounce,” the lawsuit said.

Persons: Shane Waldrop, Waldrop, overpaying, ” Jarrett Ellzey, Cinemark, ”, Pennsylvania Democratic Sen, Bob Casey, ” Ellzey, “, CNN’s Bryan Mena Organizations: CNN, Cinemark, Pennsylvania Democratic, Labor Department Locations: shrinkflation, Texas, Plano , Texas

☆ Needham upgrades Netflix, sets $700 price target on future AI benefits
▼ + stars: | 2024-04-19 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Don't overlook Netflix's future stake in the artificial intelligence race, according to Needham. Analyst Laura Martin upgraded the streaming stock to buy from hold, saying its "tech-first culture" makes it one of the best-positioned streamers to benefit from the transition to AI. The upgrade from Needham comes on the heels of the media company's first-quarter earnings report. Netflix surpassed earnings expectations and said it will stop disclosing quarterly subscriber numbers and average revenue per membership next year. NFLX YTD mountain Shares this year Martin also lifted the firm's price target to $700 a share, suggesting that shares can rally another 15% from Thursday's close.

Persons: Needham, Laura Martin, Martin Organizations: Netflix Locations: Thursday's

☆ VCs are obsessed with vector databases. Here are seven AI startups in the space that have raised millions from investors.
▼ + stars: | 2024-04-19 | by ( Samantha Stokes | Darius Rafieyan | ) www.businessinsider.com time to read: +1 min

VCs are hungry to back vector database startups and other behind-the-scenes tech that improves AI. Vector databases store and structure data that LLMs can then pull from. Business Insider has idenfied seven vector database startups that have been early winners. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Vector databases capture and store the essence of a particular piece of data that a machine-learning program or LLM can then pull from.

Persons: — Organizations: Business, Service

☆ Stocks making the biggest moves premarket: Netflix, Paramount, Sunnova Energy & more
▼ + stars: | 2024-04-19 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Intuitive Surgical — Shares of the robotic surgery firm popped 3% after posting a first quarter earnings and revenue beat. Western Alliance — Shares slipped 2% after the firm missed earnings expectations in its latest quarter. Western Alliance reported earnings of $1.60 per share, while FactSet had estimated this at $1.64 per share. The company slightly missed revenue expectations, however, posting $20.20 billion, while analysts expected $20.41 billion. American Express — Shares slid 1.5% despite the financial services company posting a first-quarter earnings and revenue beat above FactSet estimates.

Persons: Ashley Helgans, Sephora, Shopify, Morgan Stanley, Wells, Biden, SLB, LSEG, FactSet, Proctor, Gamble, — CNBC's Hakyung, Jesse Pound, Samantha Subin Organizations: Jefferies, Netflix, Energy, Western, Western Alliance, Paramount, New York Times, Bloomberg, Sony Pictures Entertainment, Apollo Global Management, Skydance Media, Bentley Systems, Schneider Electric, American, American Express Locations: Canada, Wells, North America, — CNBC's Hakyung Kim, Tanana

Netflix and a popular beauty stock were featured among Friday's biggest analyst calls. Analyst Rob Sanderson initiated coverage of DoorDash with a buy rating and $170 price target, citing strong execution. Alongside the upgrade, Blum downgraded Sunnova Energy to an equal weight rating and slashed his price target to $6 from $11, citing a higher-for-longer rate environment. "Share gains upmarket by Shopify support confidence in the durability of growth against tempered consumer spending expectations," wrote analyst Keith Weiss. The stock has tumbled 11% this year, but could rally 22% based on the firm's adjusted $85 price target.

Persons: Canaccord Genuity, Rob Sanderson, DoorDash, Sanderson, – Samantha Subin, Wolfe, Steven Chubak, BAC's, Chubak, bode, Wells, Michael Blum, Blum, Biden, Samantha Subin, Morgan Stanley, Keith Weiss, Weiss, — Samantha Subin, Canaccord, Maria Ripps, Steven Cahall, Price, Doug Anmuth, Morgan Stanley's Benjamin Swinburne, Jefferies, Ashley Helgans, Helgans, Fred Imbert Organizations: CNBC, Netflix, Friday's, Jefferies, Capital, Industry, Wolfe Research, Bank of America, of America, SCHW, Sunnova Energy, NOVA, Ulta Locations: Wells Fargo, China, Thursday's, Canada

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