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☆ 10 states with the biggest Biden infrastructure funding include key battlegrounds
▼ + stars: | 2024-05-13 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

U.S. President Joe Biden delivers remarks as part of his Investing in America agenda, during a visit to Gateway Technical College in Sturtevant, Wisconsin, U.S., May 8, 2024. Kevin Lamarque | ReutersThe Biden administration has announced $537 billion in infrastructure investments since the passage of landmark government funding bills, such as the Bipartisan Infrastructure Law, CHIPS Act and the Inflation Reduction Act. New state-by-state White House data released Monday offers a holistic portrait of how President Joe Biden has so far doled out that funding across the country. Several of the biggest awards went to battleground states that will be pivotal to the 2024 presidential election. US President Joe Biden visits the John A. Blatnik Memorial Bridge in Superior, Wisconsin, on January 25, 2024.

Persons: Joe Biden, Kevin Lamarque, Biden, Natalie Quillian, Mandel Ngan, Donald Trump, John A, Saul Loeb Organizations: Gateway Technical College, Reuters, Infrastructure Law, White, House, AFP, Getty Images, Trump, Commerce Department, Treasury Department, Federal Communications Commission, Law, Getty Locations: Sturtevant , Wisconsin, U.S, California, Texas, York, Florida, Pennsylvania, Illinois, Arizona, Maryland, Ohio, Michigan, Fern, Pittsburgh , Pennsylvania, Getty Images Pennsylvania, . Georgia, Superior , Wisconsin

☆ How Corporate America is rethinking its sustainability and diversity efforts
▼ + stars: | 2024-05-09 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today's big story, we're looking at how Corporate America is rethinking its sustainability and diversity efforts amid a push to avoid being labeled "woke." The rallying cry against companies' progressive campaigns is starting to leave a mark on Corporate America. AdvertisementAfter years of big promises and grand plans around social issues like diversity and sustainability, companies have taken a noticeable step back , Business Insider's Emily Stewart writes. The electric car maker axed more than 3,400 job postings in North America down to just three on Wednesday.

Persons: —, let's, wokening Brooks Kraft, Emily Stewart, Emily, ESG, hasn't, Peter Thiel, Donald Trump's, Bud Light, influencer Dylan Mulvaney, Rock, Saul Loeb, Chelsea Jia Feng, Wall, Warren Buffett, It's, Justin Sullivan, Elon, Eric Schmidt, Steve Mnuchin, Kevin O'Leary, salespeople, BI's Rob Price, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, wokening Brooks Kraft LLC, Corporate America, Trump Media, Getty Images, of America, Berkshire Hathaway's, People's Bank of China, Chelsea, Microsoft, Google, YouTube, Netflix Locations: America, Beijing, North America, New York, London

☆ U.S. wins global leadership approval over China when a Democrat is president, Gallup analysis shows
▼ + stars: | 2024-05-06 | by ( Dylan Butts | ) www.cnbc.com time to read: +2 min

Saul Loeb | Afp | Getty ImagesMost countries prefer alignment with the U.S. over China when the White House is occupied by a Democrat, according to Gallup poll data going back to 2007. "Significantly more countries seem to prefer U.S. leadership over Chinese leadership, at least under Democratic administrations," Gallup said in its report released Monday, adding that a Republican executive comes with a "net approval disadvantage." According to Gallup, the "bounce-back" under the Biden administration suggests that the U.S.'s net approval advantage over China is resilient, especially when accounting for more strongly aligned groups. China's favorability peaked in 2007 as it emerged on the global stage, but increased familiarity with Beijing has not boosted its appeal, Gallup said. Meanwhile, U.S. leadership has enjoyed a general net approval rate under the Biden and Obama administrations, compared with net disapproval rates under the Trump and last two years of the Bush leadership, the report showed.

Persons: Xi Jinping, Joe Biden, Saul Loeb, Gallup, Trump, George Bush, Barack Obama, Biden, Obama, Bush Organizations: Afp, Getty, U.S, Democratic, Republican, Gallup, Biden, Trump, Pew Research Locations: Nusa Dua, Indonesian, Bali, China, Beijing, Trump

☆ Jim Cramer says Howard Schultz's open letter to Starbucks is unlike anything he's seen before
▼ + stars: | 2024-05-06 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

The difficult road ahead for Club holding Starbucks took a dramatic, unexpected turn this weekend — one that Jim Cramer said he's not seen before in his four decades on Wall Street. "I think he's coming from the point of view just sadness about where the franchise is," Jim said. Narasimhan said Starbucks is working on a plan to speed up customer service and improve its supply chain. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Former Starbucks CEO Howard Schultz testifies about the company's labor and union practices during a Senate Committee on Health, Education, Labor and Pensions hearing on Capitol Hill in Washington, DC, March 29, 2023.

Persons: Jim Cramer, he's, Howard Schultz, Schultz, I've, Jim, Laxman Narasimhan, Kevin Johnson, SBUX, Narasimhan, Howard, Jim Cramer's, Saul Loeb Organizations: Club, Starbucks, CNBC, LinkedIn, Health, Education, Labor, Capitol, AFP, Getty Locations: U.S, North America, China, Washington , DC

☆ I spent 4 days in Athens, Greece. Here are 10 things that were worth it and 5 I'd skip next time.
▼ + stars: | 2024-05-01 | by ( Hannah Docter-Loeb | ) www.businessinsider.com time to read: +1 min

I recently spent four days in Athens, Greece, while traveling around Europe. On the other hand, I'm not sure the Roman Agora or Hadrian's Library are worth a visit. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIn October, I traveled to Athens, Greece, for the first time since I was 18 months old. I spent four days exploring some of the city's amazing landmarks and sites.

Persons: I'm, — Organizations: Service, Delta Air Locations: Athens, Greece, Europe

☆ Third Point's Dan Loeb adds big stake in Alphabet, says AI takes up nearly half his portfolio
▼ + stars: | 2024-04-30 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Third Point's Dan Loeb said he built a "substantial" stake in Google parent Alphabet in the first quarter, adding that he's so bullish on artificial intelligence that almost half of his portfolio is somehow tied to the theme. Loeb had just exited Alphabet in the fourth quarter following a big run in 2023. At one point in 2023, he owned more than $500 million worth of Alphabet stock, one of his biggest holdings. Alphabet, which also owns YouTube, has gained another 17% in 2024 after surging 58% last year. In the first quarter, Third Point also added to its Taiwan Semi investment, initiated in May of last year.

Persons: Dan Loeb, Loeb, " Loeb, TSMC, — CNBC's Scott Wapner Organizations: CNBC, Microsoft, Amazon, London Stock Exchange, Taiwan Semiconductor Manufacturing, YouTube, Taiwan Semi Locations: Taiwan

☆ The Next Winner of the World Chess Championship Could Be the Youngest Ever
▼ + stars: | 2024-04-24 | by ( Dylan Loeb Mcclain | ) www.nytimes.com time to read: +1 min

Dommaraju Gukesh, a 17-year-old Indian grandmaster, made history on Sunday: He won the Candidates Tournament in Toronto, held to select the challenger for the World Chess Championship in the classical time control. With that achievement, he became the youngest player ever to qualify for the title match. Garry Kasparov, the former world champion, previously held the record; he became the challenger for the crown in 1983 at age 20. “The way that I handled myself during the event and the way that I played my games — it was really something that I am happy about,” he said. It will be a best-of-14 match, with a minimum prize fund of 2 million euros (about $2.1 million).

Persons: Dommaraju, Garry Kasparov, Gukesh, ”, ” Mr, Ding Liren Organizations: Chess Federation Locations: Toronto, China

☆ Live Updates: Columbia’s President to Testify in Antisemitism Hearing
▼ + stars: | 2024-04-17 | by ( Sharon Otterman | ) www.nytimes.com time to read: +4 min

From left, Claudine Gay, president of Harvard University; M. Elizabeth Magill, president of Penn; Pamela Nadell, a professor at American University; and Sally Kornbluth, president of M.I.T., at a congressional hearing in December. When Nemat Shafik, the president of Columbia University, was asked to appear before Congress to testify about antisemitism on college campuses in December, she cited a scheduling conflict and said she could not attend. The president of the University of Pennsylvania, M. Elizabeth Magill, resigned four days after her appearance at the hearing, where she delivered evasive answers about campus antisemitism. Harvard’s president, Claudine Gay, similarly gave vague responses and faced fierce backlash for weeks up to her resignation in January. Lawyers who prepare clients to testify before Congress said that while there are risks to not appearing, it is always an option.

Persons: Claudine Gay, Elizabeth Magill, Penn, Pamela Nadell, Sally Kornbluth, Nemat Shafik, Shafik, Minouche, Christopher Armstrong, “, you’re, ”, it’s, ” Mr, Armstrong, There’s, Emily Loeb, Block, ” Sharon Otterman Organizations: Harvard University, American University, Columbia University, University of Pennsylvania, Massachusetts Institute of Technology, Education, Workforce, United Nations, Change, Lawyers, Holland, Knight, Jenner Locations: Dubai

☆ Herbert Kroemer, 95, Dies; Laid Groundwork for Modern Technologies
▼ + stars: | 2024-04-09 | by ( Dylan Loeb Mcclain | ) www.nytimes.com time to read: +1 min

Herbert Kroemer, a German-born American physicist who was awarded the Nobel Prize for his part in discoveries that paved the way for the development of many trappings of modern life, including high-speed internet communication, mobile phones and bar-code readers, died on March 8. The death was announced by the University of California, Santa Barbara, where he was an emeritus professor. Dr. Kroemer’s most important contributions were in the development of so-called heterostructures. They vastly enhance the speed, and therefore the power, of transistors and other types of semiconductors that are the building blocks of all electronic equipment. But by the time he received a share, with two other scientists, of the Nobel Prize in Physics in 2000, the impact of his work was so enormous, it could not be denied.

Persons: Herbert Kroemer, Kroemer’s Organizations: University of California Locations: German, Santa Barbara

☆ A Harvard professor is risking his reputation to search for aliens. Tech tycoons are bankrolling his quest.
▼ + stars: | 2024-04-08 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +26 min

The Harvard professor's research is bankrolled by tech tycoons "pissed off" at academia's dogma. But this boundary-pushing is exactly why he's backed Loeb's research. AdvertisementDesch, the astrophysicist from Arizona University, posted a critique of Loeb's work on arXiv alleging "multiple fatal flaws with the manuscript's arguments." Asked whether he no longer believes in a possible technological origin for the meteor, Loeb said they need to investigate further. As he plans more extravagant expeditions to prove the origin of the interstellar meteor, Loeb likens his critics to crows pecking at the neck of an eagle.

Persons: Avi Loeb, Loeb, —, Steven Desch, they're, Loeb's, they've, Charles Hoskinson, that's, Anibal Martel, Mark Zuckerberg, Stephen Hawking, Lucas Jackson, Oumuamua, Desch, It's, Meech, Hoskinson, Rather, Lane Turner, James Webb, Bill Diamond, Stenzel, AARO, UAPs, Loeb hasn't, Joe Rogan's, Eugene Jhong, Galileo, ", Frank Laukien, Laukien, Charles Alcock, Seth Shostak, Stephen Wolfram, Richard Branson's, Vera, Rubin, Avi Loeb Loeb, what's, Rob McCallum, Mariana Trench, James Cameron, Avi Loeb Hoskinson, spherules, Harvard's Stein Jacobsen, Loeb didn't, Monica Grady, Patricio Gallardo, it's, Diamond, That's Avi, Adam Glanzman Organizations: Harvard, Service, Arizona State University, Netflix, Galileo, Anadolu Agency, Reuters, University of Hawaii, Boston Globe, James Webb Telescope, NASA, SETI Institute, Pew Research Center, Department of Defense, UAP Department of Defense, Jhong, Bruker Corporation, Smithsonian's, for Astrophysics, MIT, Wolfram Research, Harvard University, Survey, US Space Command, Hoskinson, UK's Open University, University of Chicago, Arizona University, U.S . Government, The Washington, Getty, Loeb, Astronomy, Astrophysics Locations: Lexington , Massachusetts, United States, Getty, Loeb's, New York, Cambridge, Massachussetts, UAPs, Colorado, Chile, Papua New Guinea, 2401.09882, IM1

☆ Retailers like Peloton and Saks keep paying vendors late, signaling possible 'financial distress'
▼ + stars: | 2024-04-04 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +13 min

To be sure, late payments don't always signal financial troubles. Creditsafe spokesperson Ragini Bhalla said payment data is only one factor the firm considers when assessing a company's financial health. Though the data "doesn't represent a company's total trading behavior, analysis has proven that it is hugely predictive of a company's financial health and creditworthiness," Bhalla said. "When the number of late payments increases like this, it's often indicative of financial challenges and poor cash flow forecasting," Creditsafe said. While Saks often made late payments last year, its on-time payments have dropped significantly since October 2023, the firm said.

Persons: Saul Loeb, Perry Mandarino, Mandarino, Creditsafe, Ragini Bhalla, Bhalla, Barry McCarthy, Simeon Siegel, Siegel, he's, Peloton's DPO, Marc Metrick, Metrick, Mark Still, Stewart Glendinning, Tim Baxter Organizations: Saks, Washington , D.C, AFP, Getty, Bed, RadioShack, CNBC, Retailers, Body, Body Works, Riley Securities, BMO Capital Markets, Business of Fashion, HBC, Express, Street, Creditsafe, Economic Security, IRS, New York Stock Exchange, Bath Locations: Washington ,, Express, Creditsafe, U.S

☆ Adam Neumann’s bid to buy back WeWork faces uphill battle due to financing challenges
▼ + stars: | 2024-03-26 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Adam Neumann has sent a preliminary offer to buy WeWork out of bankruptcy for more than $500 million, five years after he was ousted by the office-sharing company he founded. CNBC spoke with multiple people familiar with the company and Neumann's offer. Investment firm Rithm Capital, which acquired Daniel Och's Sculptor Capital Management in November, is one of parties interested in financing the bid, sources told CNBC. That's because Neumann has previously named other financing sources in prior communications with WeWork's advisors that haven't come to fruition, the sources say. Baupost Group also was floated as a potential financing source months earlier but didn't join Neumann's latest bid, the people said.

Persons: Adam Neumann, Neumann, Daniel Och's, haven't, Dan Loeb's, Baupost, WeWork, — Organizations: CNBC, Rithm, Capital Management, Baupost, Neumann's, Financial Times

☆ Adam Neumann is trying to buy back WeWork
▼ + stars: | 2024-03-25 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +3 min

Adam Neumann submitted a bid to buy back WeWork. The WeWork cofounder has been trying to regain control of the company since parting ways five years ago. AdvertisementWeWork cofounder Adam Neumann is trying to regain control of the bankrupt coworking company. Neumann has submitted a bid to buy WeWork for more than $500 million, The Wall Street Journal reported Monday. The move comes after an attorney for Neumann and his new real estate company Flow Global sent a letter to WeWork's lawyers detailing efforts to buy back the company last month.

Persons: Adam Neumann, —, Neumann, Dan Loeb's, hadn't, we've, it's, WeWork Organizations: Service, Street, Flow Global, Business, Wall Street, Flow, Global, Bloomberg, Board

☆ Adam Neumann makes a $500 million bid for WeWork that could hit $900 million if financing and diligence firm up
▼ + stars: | 2024-03-25 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Adam Neumann has submitted an unsolicited bid in excess of $500 million to acquire WeWork out of bankruptcy, a person familiar with the matter told CNBC. That bid could go up to $900 million pending due diligence, the person said. Neumann, his family office Nazare, and his Andreessen Horowitz-backed real estate venture Flow filed a notice of appearance in WeWork's bankruptcy docket on Monday. Flow did not respond to CNBC's request for comment regarding the $900 million potential bid. Neumann's bid, which was first reported by the Wall Street Journal, may complexify WeWork's bankruptcy proceedings.

Persons: Adam Neumann of WeWork, Victor Fung Kwok, Adam Neumann, Dan, Neumann, Andreessen Horowitz, —, WeWork, we've, it's, lessors Organizations: Fung Group, CNBC, Board, Wall Street Locations: Shanghai, China

☆ When the Supreme Court overturned Roe v. Wade, it opened the floodgates for abortion-related lawsuits
▼ + stars: | 2024-03-25 | by ( Joan Biskupic | ) edition.cnn.com time to read: +19 min

CNN —The Supreme Court on Tuesday will hear its first abortion case since the 2022 reversal of Roe v. Wade and upheaval of reproductive rights in America. All the while, public regard for the Supreme Court has degenerated. Supreme Court Justice Stephen Breyer is photographed at his home in Cambridge, Massachusetts, in September 2015. Dirck Halstead/The LIFE Images Collection/Getty Images Breyer and his daughter Chloe jog with Clinton in May 1994. Mai/The LIFE Images Collection/Getty Images Breyer works in his office with his staff of clerks in June 2002.

Persons: Roe, Wade, Joe Biden, Donald Trump, Dobbs, Biden, Elizabeth Prelogar, mifepristone, Prelogar, what’s, ”, Susan B, Anthony Pro, ’, Evelyn Hockstein, Breyer, Stephen Breyer, Justice Ketanji Brown Jackson, Samuel Alito, Hodges, Trump, “, ” Breyer, Damon Winter, Stephen, Irving, Anne, Charles ., Chloe, Nell, Michael —, Joanna Breyer, Ira Wyman, Sygma, Byron White, Ruth Bader Ginsburg, John Harrington, Joanna, John Tlumacki, Bill Clinton, Clinton, Harry Blackmun, Dirck Halstead, Doug Mills, US Sen, Ted Kennedy, Laura Patterson, John Blanding, Colin Powell, George W, Bush, Mai, David Hume Kennerly, Seuss, Evan Vucci, Charles, Marcio Jose Sanchez, William Rehnquist, Clarence Thomas, David Souter, William Kennedy, Antonin Scalia, Sandra Day O'Connor, John Paul Stevens, Chip Somodevilla, John Roberts, Pablo Martinez Monsivais, Samuel Alito's, Gerald Herbert, Cole Mitguard, Mourning, Penni Gladstone, Clara Scholl, Elise Amendola, Nicholas Kamm, Michelle Obama, Barack Obama, Alex Wong, ABC's George Stephanopoulos, Heidi Gutman, Andrew Harrer, Hu Jintao, Eli, Shutterstock Breyer, Britain's Prince Charles, Mandel Ngan, Tom Williams, Carolyn Kaster, Ben Bradlee, Bill O'Leary, Pete Marovich, Stephen Colbert, Jeffrey R, Win McNamee, Elena Kagan, Neil Gorsuch, Anthony Kennedy, Sonia Sotomayor, Maureen Scalia, Andrew Harnik, Brett Kavanaugh, Amy Coney Barrett, Erin Schaff, Abraham Lincoln, George Washington, Saul Loeb, Ketanji Brown Jackson, Patrick, Fred Schilling, Matthew Kacsmaryk, Erin Hawley, GYN, … Organizations: CNN, Alabama Supreme, Republican, Food, Drug Administration, FDA, Jackson, Health Organization, District of Columbia, America, United States Conference of Catholic Bishops, Alamo Women's, Reuters, Supreme Court, Democratic, Supreme, New York Times, Harvard Law School, Appeals, First Circuit, Circuit, Getty, White House, Airport, Boston Globe, US, Suffolk University Law School, Francisco's Lowell High School, San Francisco Chronicle, Belgium's Catholic University of Louvain, Georgetown University Law Center, Administrative, Administrative Conference of, Jewish American Heritage Month, Walt Disney Television, Bloomberg, White, Office, Committee, Washington Nationals, Washington Post, Financial Services, General Government, CBS, State, The New York Times, Library of Congress, Alliance, Hippocratic, Alliance for Hippocratic, OB, Department, Justice Locations: America, New York, Carbondale , Illinois, Cambridge , Massachusetts, Maine , Massachusetts, New Hampshire, Puerto Rico, Rhode Island, AFP, San Francisco, Lowell, Washington , DC, United States

☆ Lisa Lane, Chess Champion Whose Reign Was Meteoric, Dies at 90
▼ + stars: | 2024-03-25 | by ( Dylan Loeb Mcclain | ) www.nytimes.com time to read: +1 min

Lisa Lane, an early star of American chess who was a two-time United States women’s champion and the first chess player to appear on the cover of Sports Illustrated, died on Feb. 28 at her home in Carmel, N.Y., in Putnam County. Her death was confirmed by the town clerk’s office in nearby Kent, N.Y., which registered her death. Ms. Lane was a late bloomer in chess. Within two years, she had won the United States women’s championship. Wherever she went, people commented on her looks as much as on her chess ability, if not more so.

Persons: Lisa Lane, Lane, bloomer Organizations: Sports Illustrated, Temple University, United, United States women’s Locations: States, Carmel , N.Y, Putnam County, Kent, N.Y, Philadelphia, United States

☆ What investors should know about the U.S. easing vehicle emissions rules
▼ + stars: | 2024-03-23 | by ( Michael Wayland | ) www.cnbc.com time to read: +6 min

President Joe Biden speaks at the United Auto Workers political convention at the Marriott Marquis in Washington, D.C., Jan. 24, 2024. The new Environmental Protection Agency rules released Wednesday aim to cut tailpipe emissions by 49% between model years 2027 and 2032. The EPA set a target for EVs to make up at least 35% of new vehicle sales by 2032. The EPA's new strategy for cutting tailpipe emissions doesn't focus only on EVs. The EPA's percentage targets for EV adoption are not mandates but expectations for how automakers could meet the emissions regulations.

Persons: Joe Biden, Saul Loeb, Biden, Emmanuel Rosner, Mary Barra, Ngan, John Bozzella, Stocks, Tesla, weren't, Chelsea Hodgkins, Martin Viecha, Chris Kapsch, Morgan Stanley, Adam Jonas Organizations: United Auto Workers, Marriott Marquis, Washington , D.C, AFP, Getty, DETROIT, Environmental Protection Agency, EPA, EV, Detroit Automotive, Wall Street, Detroit, General Motors, Ford Motor, Chrysler, capex, Deutsche Bank, Chevrolet Silverado, Huntington Place Convention, Afp, Alliance for Automotive Innovation, United Auto Workers union, UAW, Toyota, Public Citizen, Sierra Club, Democratic, GM, Ford Locations: Washington ,, Detroit , Michigan, U.S, Detroit, Michigan

A different kind of battle for Third PointA small computer chip design company, R2 Semiconductor, has been notching wins in a potentially big patent fight against Intel over the past few months — a dispute that could force Intel to stop selling several chip lines in Europe. The context: R2 sued Intel, as well as two customers, Hewlett Packard Enterprise and Dell, in Germany, alleging that the chipmaker had infringed on a patent dealing with voltage regulation in semiconductors. A regional court in February issued injunctions against the sale of at least some Intel chips. And on March 8, a higher court rejected Intel’s effort to halt the decision. Meanwhile, a trial in Britain over the patent is set to begin next month.

Persons: DealBook, Dan, haven’t Organizations: R2 Semiconductor, Intel, Amazon Web Services, Fujitsu, Hewlett Packard Enterprise, Dell Locations: Europe, Germany, Britain

☆ Stocks making the biggest moves midday: Southwest, Oracle, 3M, New York Community Bancorp and more
▼ + stars: | 2024-03-12 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Oracle — The database software stock surged 11% and headed for its best day since December 2021 after posting fiscal third-quarter earnings that topped Wall Street's expectations. Asana — The stock shed about 11% after the work management platform issued weak full-year revenue guidance. Asana said to expect revenue between $716 million and $722 million, less than the forecast of $725 million estimated by analysts polled by LSEG. American is expecting an adjusted loss of 15 cents to 35 cents per share, versus a 22 cent loss expected from analysts polled by FactSet. On lost 0.05 Swiss franc per share, while analysts polled by StreetAccount expected On to earn 0.10.

Persons: Oracle, William Brown, Asana, Microstrategy, Canaccord, TD Cowen, Dan Loeb's, StreetAccount, Archer, Daniels, Samantha Subin, Lisa Han, Alex Harring, Sarah Min Organizations: Southwest Airlines —, Boeing, Southwest, Oracle, L3Harris Technologies, LSEG, Wall Street, Boeing —, New York Times, Max, Alaska Airlines, Acadia Pharmaceuticals, American Airlines —, FactSet, Management, Advance, Swiss, Revenue, Daniels, Midland, Daniels Midland, . New York Community Bancorp Locations: .

☆ Stocks making the biggest moves after hours: Oracle, Vail Resorts, Advance Auto Parts and more
▼ + stars: | 2024-03-11 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Oracle — The database software stock surged about 10% in extended trading after fiscal fourth-quarter results topped analysts' earnings estimates. Vail Resorts — Shares of the ski resort operator fell more than 3% after its latest quarter missed estimates on the top and bottom lines. Vail also cut its full-year guidance amid lower snowfall across Western North American resorts through January. Asana — Shares of the work management platform rose slightly in after-hours trading after fiscal fourth-quarter results topped estimates. A sign is posted in front of the Oracle headquarters in Redwood Shores, California, on March 11, 2024.

Persons: Vail, Asana, Dan Loeb's, Justin Sullivan Organizations: Vail, Advance, Oracle Locations: Redwood Shores , California

☆ Surprise: An ‘Extraterrestrial’ Gadget Was Something More Familiar
▼ + stars: | 2024-03-11 | by ( Matt Richtel | ) www.nytimes.com time to read: +1 min

In January of 2014, a meteor fell from space off the coast of Papua New Guinea. Last fall, Benjamin Fernando, a planetary seismologist at Johns Hopkins University, led a team that re-examined the nearby seismic signals and concluded that they were not evidence of the extraterrestrial, or anything close to it. Recently, he sat down with The New York Times to preview what his team had found. In 2014, a meteor entered the atmosphere and went “bang.” Sometimes, you hear these meteors on seismometers. Avi Loeb wrote a paper to say that he’d found the seismic signal from this meteor and that he’d used it to locate exactly where the meteor debris fell.

Persons: Avi Loeb, Dr, Loeb, Benjamin Fernando, Fernando, he’d Organizations: Harvard, Johns Hopkins University, New York Times Locations: Papua New Guinea

☆ Advance Auto Parts reaches deal with Dan Loeb's Third Point, Saddle Point for three board seats
▼ + stars: | 2024-03-11 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +1 min

An exterior view of the Advance Auto Parts store at the Sunbury Plaza, in Sunbury, Pennsylvania. Dan Loeb's Third Point and activist Saddle Point have a stake in Advance Auto Parts and reached a settlement with the company that will give the activists three board seats, the company confirmed Monday. Tom Seboldt, Gregory Smith and Brent Windom will join Advance Auto Parts' board effective immediately, the company said. Advance Auto Parts shares rose 3.7% after The Wall Street Journal reported the news of Third Point's position and settlement. Roy Katzovicz, Saddle Point CEO and former Pershing Square partner, said Advance Auto Parts had "enormous potential."

Persons: Dan Loeb's, Tom Seboldt, Gregory Smith, Brent Windom, Shane O'Kelly, " O'Kelly, Point's Loeb, Roy Katzovicz Organizations: Advance, Street Journal, Pershing Square Locations: Sunbury, Sunbury , Pennsylvania

☆ A signal linked to aliens by a Harvard professor may have been caused by a passing truck
▼ + stars: | 2024-03-11 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +8 min

Read previewYet another study is calling into question a Harvard professor's claims that metallic balls discovered under the ocean may have been made by aliens . Johns Hopkins University-led (JHU-led) research said a blip on the seismometer that Loeb used to pinpoint the crash site may simply have been caused by the vibrations of a passing truck. AdvertisementPinpointing the crash siteIn 2019, Loeb and his team searched databases for unusual meteors that were moving rapidly. The meteor, dubbed by Loeb's team IM1, was first spotted by the Department of Defense's (DoD) sensors. Loeb's team recovered 805 spherules.

Persons: —, Avi Loeb, Loeb, Ben Fernando, It's, Fernando, it's, Charles Hoskinson, Undeterred Organizations: Service, Harvard, Business, Johns Hopkins University, JHU, Department of Defense's, DoD, Planetary Science Conference, Galileo, Space Force Locations: Papua, Guinea, 2401.09882, Papua New Guinea, Houston

☆ Takeaways from Joe Biden’s State of the Union address
▼ + stars: | 2024-03-07 | by ( Kevin Liptak | ) edition.cnn.com time to read: +9 min

Washington CNN —President Joe Biden delivered a raucous third State of the Union address, one that could be among the most important speeches he gives during his presidency as he turns toward reelection. The result was the most raucous State of the Union in years, with the House chamber brimming with election year frission. President Joe Biden holds a "Say her name Laken Riley" button while delivering the State of the Union address in the House Chamber of the US Capitol in Washington, DC, on March 7. So it was unavoidable that Biden would face the issue during his State of the Union, whether he wanted to or not. And Israel’s war against Hamas in Gaza, prompted by the terror attacks of October 7, has generated a humanitarian crisis that is dividing Biden’s political coalition.

Persons: Joe Biden, Donald Trump, Biden, Trump, Chip Somodevilla, –, Marjorie Taylor Greene, Laken Riley, Laken Riley ”, Saul Loeb, David, “, ” Biden, ”, it’s, Joe Biden's, Kent Nishimura, he’s, there’s, That’s Organizations: Washington CNN, Union, Trump Biden, Trump, NATO, Getty, Republicans, Social Security, Rep, Georgia Republican, Chamber, Biden, White, Jewish Voice, Capitol Locations: Thursday’s State, Russia, Washington ,, Ukraine, Gaza, Israel, Washington , DC

Chip Somodevilla/Getty Images Haley and her family walk back into the South Carolina State House after her inauguration in 2011. Justin Sullivan/Getty Images Haley waves to the crowd during the Conservative Political Action Conference in 2013. Alex Wong/Getty Images Haley hugs her husband after his Army National Guard unit returned in 2013. Haiyun Jiang/Bloomberg/Getty Images Haley takes the stage at her election night watch party in Charleston, South Carolina, in February 2024. Haley “won’t just go away,” said Katon Dawson, a longtime Haley ally and former chair of the South Carolina Republican Party.

Persons: Nikki Haley, Donald Trump, Haley, Trump, eked, “, ” Haley, Travis Dove, Michael, Nalin, Rena, Twitter Haley, Gerry Melendez, AP Haley, Chip Somodevilla, Tim Dominick, Getty Images Haley, Mitt Romney, Justin Sullivan, Alex Wong, Michael Haley, Rainier Ehrhardt, Jaswinder Singh, Narinder Nanu, Bobby Jindal, Jindal, Win McNamee, Sean Rayford, Saul Loeb, Mike Pence, Drew Angerer, State Rex Tillerson, Matthew Rycroft, Boris Johnson, Bryan R, Smith, Raad Adayleh, Brendan Smialowski, Spencer Platt, Evan Vucci, Kevin Lamarque, Don Bolduc, Brian Snyder, Jonathan Ernst, Jake Tapper, Will Lanzoni, Demetrius Freeman, Rachel Mummey, Jonathan Newton, Haiyun Jiang, Nicole Craine, Anna Moneymaker, Kimberly Rice, ”, Haley’s, Ron DeSantis, Charles Koch, ‘ Won’t, “ I’m, Koch, Haley “ won’t, Katon Dawson, Ebony Davis, David Wright, Jennifer Agiesta Organizations: CNN, New, GOP, Trump, Republican Party, State House, New York Times, Twitter, South, AP, Capitol, South Carolina State House, Getty Images, Conservative Political, Conference, Army National Guard, Getty, Louisiana Gov, National Governors Association, Emanuel African Methodist Episcopal Church, United Nations, United Nations Security Council, UN, State, British, Norwegian Refugee Council, Gali Tibbon, UN Security, West Bank, The United States, Anadolu Agency, Republican National Convention, Republican, Washington Post, Bloomberg, Former South Carolina Gov, Granite State, Super, Florida Gov, Prosperity, New Hampshire, South Carolina, SFA Fund, South Carolina Republican Party Locations: New Hampshire, South Carolina, California, Texas, Vermont, Virginia, North Carolina, Columbia , South Carolina, Afghanistan, Amritsar, India, AFP, Charleston , South Carolina, Columbia, State, New York, Syrian, United States, Jerusalem, Gali, Kuwait, Gaza, Londonderry , New Hampshire, Des Moines , Iowa, Iowa, Grand Mound , Iowa, Miami, Concord , New Hampshire, Granite, MAGA, Utah, Super, Costa Mesa , California, Texas , Massachusetts, North Carolina , Virginia , Texas

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