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Incandescent light bulb ban: What you need to know
  + stars: | 2023-08-01 | by ( David Goldman | ) edition.cnn.com   time to read: +3 min
New York CNN —America’s ban on incandescent light bulbs, 16 years in the making, is finally a reality. That effectively outlaws the manufacture and sale of common incandescent bulbs, the kind you screw into the vast majority of light sockets in your home. That’s because traditional incandescent bulbs provide just 15 lumens per watt, according to light bulb manufacturer Philips. Not all incandescent light bulbs are banned as part of the new rule, according to the Department of Energy. The ban caps off a decades-long bipartisan effort to ban incandescent bulbs that started in the Bush administration.
Persons: New York CNN —, Trump, Biden, Joe Biden’s, Bush, Donald Trump’s, Obama, Republicans “, CNN’s Ella Nilsen Organizations: New, New York CNN, Joe Biden’s Department of Energy, Philips, Department of Energy, Energy Department, US Energy Information Administration, Republicans Locations: New York
All three major averages advanced for the week, powered by strong mega-cap earnings and favorable inflation data. Looking to next week, earnings season enters its second half with the last of our mega-caps — Apple (AAPL) and Amazon (AMZN) — set to report on Thursday. We'll get a better read on the employment picture on Wednesday with the ADP report and then, more importantly, on Friday's nonfarm payrolls report for July. Thursday after the close brings us to the main events of the week: Earnings from Apple and Amazon. For those looking to review first quarter performance ahead of these releases, be sure to keep our first-quarter earnings report card handy.
Persons: We'll, that's, Stanley Black, Decker, Emerson, Bausch, Leggett, Platt, SIRI, Ares, COLM, PERI, Kraft Heinz, Phillips, Ferrari N.V, Johnson, Robinson, COOK, BUD, Kellogg, Papa, Pitney Bowes, Parker, Trimble, Ziff Davis, Nonfarm, Jim Cramer's, Jim Cramer, Jim, Apple Tim Cook, Kevin Dietsch Organizations: Nasdaq, Dow, Federal Reserve, Federal, ISM Manufacturing, Services PMI, Investors, Caterpillar, Devices, Starbucks, Natural Resources, AMD, Management, Emerson Electric and, Humana, Bausch Health, Apple, Microsoft, Resource Partners, AerCap Holdings, CNA Financial Corp, CNA, Apellis Pharmaceuticals, Bank, SJW, Hutchison China MediTech, Camtek Ltd, Silvercrest Asset Management, Loews Corp, Oxford Lane Capital Corp, Banco Santander, Silicom Ltd, SuperCom Ltd, Arista Networks, Avis Budget Group, Diamondback Energy, Lattice Semiconductor Corp, Republic Services, Yum China Holdings, Western Digital Corp, Power Systems, Tenet Healthcare Corp, Vornado Realty, BioMarin Pharmaceutical, PetMed, SBA Communications Corporation, Brixmor, Snack Foods Corp, Cushman & Wakefield, Sanmina Corporation, TFI, PMI, Cruise Line Holdings Ltd, Uber Technologies, Pfizer, Enterprise Products Partners, Merck, JetBlue Airways Corporation, Allegro MicroSystems, Altria, SunPower Corp, SiriusXM Holdings, Molson Coors Beverage, Marriott International, Toyota Motor Corp, BP, SYSCO Corp, Marathon Petroleum Corp, Ares Management, Equitrans Midstream Corporation, Game Technology, Illinois Tool, IDEXX Laboratories, Rockwell Automation, Packaging International Corp, Gartner, Zebra Technologies Corp, IQVIA Holdings, Oshkosh Corporation, Leidos Holdings, Eaton Corp, yte Corp, Lear Corp, Starbucks Corp, Devon Energy Corp, SolarEdge Technologies, Lumen Technologies, Virgin Galactic Holdings, Caesars Entertainment, VF Corp, Sciences Corp, Paycom, Vertex Pharmaceuticals, Suncor Energy, Holdings, Chesapeake Energy Corp, Boston Properties, American International Group, AIG, Allstate Corp, Aspen Technology, Electronic Arts, EA, Flowserve Corporation, Denny's, Corp, Prudential Financial, Store, Ternium S.A, Vimeo, Emerson, Lomb, CVS Health, Generac Holdings, Cameco Corp, Perion Network Ltd, Builders, Carlyle Group, Scorpio, Teva Pharmaceutical Industries, Ltd, Rithm Capital Corp, AeroSystems Holdings, Vertiv Holdings Co, Johnson Controls, CDW Corp, DuPont, Brands Holdings, Scotts Miracle, Gro, SMG, Brands, Allegheny Technologies, AmerisourceBergen Corporation, ABC, Real Estate Corporation, Adient plc, Editas, Garmin Ltd, WWE, Bunge Ltd, Criteo S.A, PayPal, QUALCOMM, Occidental Petroleum Corp, Apache Corp, Albemarle Corp, MGM Resorts International, MGM, Marathon Oil Corp, Joby Aviation, Industrial, CF Industries Holdings, Goodyear Tire &, Realty ome Corp, Metlife, Pacific Biosciences of, Rush Street Interactive, Zillow, JFrog Ltd, Herbalife Nutrition Ltd, Simon Property Group, McKesson Corp, Storage, Cerus Corporation, GXO Logistics, MAX Holdings, Health, Anheuser, Busch InBev, Warner Bros ., Cheniere Energy, ConocoPhillips, Hasbro, CIGNA Corp, Lantheus Holdings, Regeneron Pharmaceuticals, Fiverr International, Air Products & Chemicals, TopBuild Corp, EPAM Systems, Lightspeed Commerce, Aurinia Pharmaceuticals, Cummins, CMI, Slair Corporation, Starwood Property Trust, Vulcan, Alnylam Pharmaceuticals, New Energy Corp, Cedar Fair Entertainment, Intellia Therapeutics, Lending, Privia Health, Dickinson, Chimera Investment, CIM, Hyatt Hotels Corp, Lion Electric, LEV, Deluxe Corp, Murphy Oil Corp, PBF Energy, Papa John's, Targa Resources Corp, Wix.com Ltd, Apollo Global Management, LLC, Butterfly, Sempra Energy, Aptiv PLC, Brookfield Infrastructure Partners, Canada Goose Holdings, Hannifin Corporation, WESCO International, WCC, Arrow Electronics, Constellation Energy Group, Midstream Partners, Coinbase, Petroleo Brasileiro SA Petrobras, Gilead Sciences, Opendoor Technologies, Booking Holdings, Atlassian Corporation, International, Redfin Corporation, Motorola Solutions, Monster Beverage Corporation, Consolidated Edison, Rocket Companies, Apple Hospitality, Cirrus, Resources, Universal Display Corporation, Chesapeake Utilities Corp, Social, Defense, Security Solutions, Post Holdings, Tandem Diabetes Care, Nikola Corporation, Magna International, Dominion Energy, ACM Research, Frontier Communications, Brookfield Renewable Partners, inTEST Corporation, American Pipeline, TELUS International, XPO Logistics, Fluor Corp, Gray Television, Cboe, LyondellBasell Industries, Twist Bioscience, Global, Jim Cramer's Charitable, CNBC, Allen & Company Sun Valley, Getty Locations: U.S, China, India, Oxford, Chile, Illinois, Columbia, Pacific, Pacific Biosciences of California, Southern, PBI, Gilead, Sun Valley , Idaho
CNN —Taylor Swift fans are in their record-breaking era. The “Swift Quake” has been compared to the 2011 “Beast Quake,” when Seattle Seahawks fans erupted after an impressive touchdown by running back Marshawn “Beast Mode” Lynch. The ensuing celebration was detected on the same local seismometer as the Swift concert, Caplan-Auerbach told CNN. Seismograms compare seismic activity from the 2011 'Beast Quake' with activity recorded during one of Taylor Swift's July concerts in Seattle. While the magnitude difference between “Beast Quake” and “Swift Quake” is only 0.3, Caplan-Auerbach said the Swifties have the Seahawks fans beat.
Persons: CNN — Taylor Swift, Lumen, Jackie Caplan, Auerbach, ” Lynch, Caplan, Taylor, Auerbach “, they’re, Swift, , ” Caplan, Taylor Swift's, Taylor Swift, , Chloe Melas Organizations: CNN, Lumen Field, Seattle Seahawks, Western Washington University, Facebook, Seahawks, Locations: Seattle, Pacific, Pittsburgh, Santa Clara, Northern California, Los Angeles, Mexico City
Visit Seattle, the city's tourist organization, hopes the same will happen this weekend. King County Council declared the week leading up to the concert as "Taylor Swift Week" in her honor. Woody said he expects 144,000 Swift fans to descend on the city over the two days of concerts. "I love Taylor Swift and she’s not coming to Canada yet,” said Katherine Archibald who is visiting Seattle from Calgary, Alberta for the concert. In addition to the two sold out concerts, Seattle is also hosting multiple sporting events, the Bite of Seattle food festival, and the Capitol Hill Block Party music festival this weekend.
Persons: Taylor Swift, Lumen, Ragnhild Read, Taylor, Public Affairs Michael Woody, Woody, Swift, Justin Trudeau, she’s, , Katherine Archibald, Matt McKnight, Diane Craft Organizations: Swift, Reuters, Seattle, Community, Public Affairs, King County Council, Capitol, Block Party, Thomson Locations: Seattle, United States, Salt Lake City , Utah, Salt Lake City, Canada, American, Calgary , Alberta, LA
Wildcat said it owned 3 million Consolidated Communications shares, equivalent to about a 2.6% stake. The offer was made on April 12 by a consortium led by private equity firm Searchlight Capital, which owns 34% of Consolidated Communications. Consolidated Communications formed a special committee to consider the offer later that month but has not provided an update since. TD Cowen analysts wrote in an April 13 note that they expected Consolidated Communications to accept the deal given its capital needs and operational challenges. But Wildcat argues that any deal should not be for less than $14 per share because the value of Consolidated Communications' investment in its business has yet to be realized.
Persons: David Bonderman, Wildcat, TD Cowen, Tom McConnon, McConnon, Anirban Sen, Greg Roumeliotis, Edwina Gibbs, Jonathan Oatis Organizations: YORK, Wildcat Capital Management LLC, TPG, Consolidated Communications Holdings Inc, Consolidated Communications, Reuters, Searchlight Capital, Consolidated Communications . Consolidated Communications, Apollo Global Management, Lumen Technologies, Sorrento Therapeutics Inc, Thomson Locations: New York, , Illinois, Sorrento
Veterans Rapinoe, Morgan named in U.S. World Cup squad
  + stars: | 2023-06-21 | by ( Amy Tennery | ) www.reuters.com   time to read: +3 min
[1/2] Jun 10, 2023; Seattle, Washington, USA; OL Reign forward Megan Rapinoe (15) is seen before the game against the Kansas City Current at Lumen Field. Five players, Rapinoe, Morgan, midfielder Julie Ertz, defender Kelley O’Hara and goalkeeper Alyssa Naeher were part of the victorious U.S. World Cup squads in 2015 and 2019. The top-ranked Americans are fielding one of their least experienced squads in recent memory, with 14 of the 23 players going to their first World Cup, compared to 11 in 2019 and seven in 2015. Sam's sister and fellow midfielder, Kristie Mewis, was included in the roster for her first World Cup at age 32. Her Gotham FC team mate, Lynn Williams, also made the cut for the global showpiece tournament for the first time at age 30.
Persons: Megan Rapinoe, Michael Thomas Shroyer, Alex Morgan, Vlatko Andonovski, Alyssa Thompson, Naomi Girma, Savannah DeMelo, Andonovski, Sophia Smith, Trinity Rodman, Morgan, Julie Ertz, Kelley O’Hara, Alyssa Naeher, Mallory Swanson, Becky Sauerbrunn, Catarina Macario, Sam Mewis, Kristie Mewis, Lynn Williams, Aubrey Kingsbury, Casey Murphy, Alana Cook, Crystal Dunn, Emily Fox, Sofia Huerta, Kelley O'Hara, Emily Sonnett, Lindsey Horan, Rose Lavelle, Kristie, Ashley Sanchez, Andi Sullivan, Amy Tennery, Ed Osmond Organizations: Kansas, Lumen, YORK, Savannah, Women's Soccer League, U.S, Gotham FC, Washington, North, Courage, Chicago Red Stars, Portland Thorns FC, Diego Wave FC, NY Gotham FC, Racing Louisville FC, FC, Olympique Lyonnais, San Diego Wave FC, Angel, Thomson Locations: Seattle , Washington, USA, States, Australia, New Zealand, NJ, Angel, New York
‘Elemental’ Review: Sparks Fly
  + stars: | 2023-06-15 | by ( Amy Nicholson | ) www.nytimes.com   time to read: +2 min
“Elemental” is the latest Pixar premise to feel like someone laced the cafeteria’s kombucha keg with ayahuasca. This story is simpler (elemental, even). Yet, the four classical elements are one of civilization’s great unifiers, a cosmological theory shared by the Hindu Vedas, the Buddhist Mahabhuta, the Kongo cosmogram, the Indigenous medicine wheel and the zodiac. We’ve long interpreted life through water, earth, air and fire. Now, the trick is to see the life in them, once we squint past the visually overwhelming chaos of Element City, a smelting pot of puns and allusions.
Persons: Coco ”, It’s, Empedocles, Ember Lumen, Leah Lewis, Wade Ripple Organizations: Pixar Locations: Element City, Manhattan, Kongo
Toyota cars are displayed on the sales lot at Toyota Marin in San Rafael, California, May 11, 2022. Check out the companies making the biggest moves in premarket trading. Vodafone — The cellphone network added nearly 3% in premarket trading after Vodafone and CK Hutchison agreed to merge their U.K. businesses. Shell — The European oil stock was up 2.3% after Shell boosted its dividend and share buybacks and said it would keep oil production steady until 2030. SoFi Technologies — Shares added 3.25% premarket.
Persons: Akio Toyoda, Bracken Darrell, CK Hutchison, UnitedHealth, John Rex, BTIG, — CNBC's Hakyung Kim, Jesse Pound Organizations: Toyota, Toyota Marin, Logitech, Citi, Vodafone, CK, Devices, Amazon, Services, Reuters, Humana, Lumen Technologies, Google, Microsoft, Shell, SoFi Locations: San Rafael , California, Japan
Logitech — Shares tumbled 12.3% after the company announced president and CEO Bracken Darrell is departing. Toyota — The Japan-based automaker's shares gained 4.5% Wednesday. Lumen Technologies — The telecommunications stock gained 6% during midday trading Wednesday, adding to the 16% advance that was made Tuesday. Earlier in the week, the company announced a new partnership with electric vehicle software charging company ev.energy. Advanced Micro Devices — The chip stock gained nearly 2% in midday trading, a day after the company announced its latest artificial intelligence chips.
Persons: Bracken Darrell, UnitedHealth — UnitedHealth, John Franklin Rex, Akio Toyoda, Lumen, Roth MKM, Goldman Sachs, Bernstein, Bud, Raymond James, Buster's, Cinemark, Riley, Li Auto, Morgan Stanley, Wolfe, it's bullish, Gordon Haskett, SVB, — SoFi, Estée Lauder —, — CNBC's Michelle Fox, Yun Li, Sarah Min, Hakyung Kim Organizations: Logitech, Swiss Federal Institute of Technology of, Citi, Goldman, Global Healthcare, Toyota, Lumen Technologies, Google, Microsoft, Maxeon, Technologies, Reuters, Services, AMD, Anheuser, Busch InBev —, Netflix, Wolfe Research, Barclays, SVB Securities, Berenberg Locations: Swiss Federal Institute of Technology of Lausanne, Lausanne, Switzerland, Japan, Latin America
The biggest week of this earnings season showed us that things aren't as bad as many feared. The week ahead of earnings, including several more Club names, should tell us more. The results are always important, but it's the guidance and management commentary we will really hone in on to better understand the path ahead. In Amazon's case, a solid first quarter for its AWS cloud business was overshadowed by management seeing a material slowdown in April. ET: Nonfarm Payrolls Looking back It was the biggest week of this earnings season for the Club as several of our mega-cap holdings and industry bellwethers reported results.
"Is Chairman Powell going to say, 'It is likely that we pause now and assess what the economy is going to do?' "The tone on that balance is going to be very critical to how the market is going to move next week." "What is [Powell] going to do? June Fed meeting The betting on Wall Street right now is that, after next week, the Fed will standpat at its next meeting six weeks later, on June 13-14. Beyond Apple, some 161 other companies in the S & P 500 index are scheduled to report latest-quarter results next week.
Restore faith in women's soccer and grow the business. The league averaged 37 sponsorship deals per team, which is more than any other women's sport, according to sports data and intelligence platform Sponsor United. Women's pro soccer valuations are also soaring. NWSL commissioner Jessica Berman speaks during the 2023 NWSL Draft at the Pennsylvania Convention Center on January 12, 2023 in Philadelphia, Pennsylvania. Culture changeOL Reign forward Megan Rapinoe (15) scores on a penalty kick during the second half of the National Womens Soccer League game between NJ/NY Gotham FC and OL Reign on September 21, 2022 at Red Bull Arena in Harrison, New Jersey.
NEW YORK, March 6 (Reuters) - Shares of IT services firm Unisys Corp tumbled 16.7% on Monday and shares of embattled home goods retailer Bed Bath & Beyond Inc fell about 4% after it was announced they will be removed from the small-cap S&P 600 index (.SPCY) in two weeks. Shares of Unysis (UIS.N) have fallen 80% over the past 12 months. As of Friday, the company's market capitalization was $330.9 million, according to Refinitiv data, or less than the $850 million market cap required for inclusion in the small-cap index. Fair Isaac shares rose 0.25% to $707.01, on track to mark a record closing high, while Lumen shares bounced off near-record lows, up 4.57% at $3.315 a share. Reporting by Herbert Lash; additional reporting by Lance Tupper; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.
The data sparked a broad market sell-off, with the S & P 500 losing 1%. .SPX 5D mountain Tough week for stocks Still, investors should consider easing exposure to names that are still overbought. CNBC Pro screened for S & P 500 stocks in overbought territory, using the relative strength index. CNBC Pro also screened for S & P 500 stocks in oversold territory. To be sure, First Republic shares are down 1.2% year to date, lagging SPDR S & P Regional Banking ETF (KRE) — which is up 5% in 2023.
Uber — The ride-hailing app's shares rose more than 7% after it posted fourth-quarter earnings that topped analyst estimates. Uber earned 29 cents a share, beating analysts' estimate of an 18 cent loss, Refinitiv data showed. This year's adjusted earnings guidance missed StreetAccount estimates. Fortinet — The cybersecurity company's shares rose 11% after it beat analysts' estimates in the most recent quarter by five cents a share, according to StreetAccount. Under Armour earned adjusted EPS of 16 cents vs a StreetAccount estimate of 9 cents.
Check out the companies making headlines in midday trading Wednesday:Lumen Technologies — Shares fell 22.5% after the cloud network data company reported a fourth-quarter loss of about $3.1 billion. CVS Health — CVS Health gained 4.6% after the company surpassed profit and sales expectations in its latest quarterly results. The New York Times Company — Shares for the media organization popped more than 14% after its fourth-quarter earnings beat analyst estimates. The company reported earnings of 59 cents per share, which was greater than a Refinitiv estimate of 43 cents per share. Fortinet posted earnings of 44 cents per share, while analysts expected 39 cents per share, according to StreetAccount.
Morning Bid: Powell's state of the union
  + stars: | 2023-02-07 | by ( ) www.reuters.com   time to read: +4 min
Jerome Powell makes his first speech since the Fed's latest quarter-point interest rate rise last week. More importantly, it's his first chance to comment on Friday's seemingly blockbuster U.S. employment report for January. Perhaps just as significantly, they now price year-end Fed rates higher than the 4.5-4.75% range they are at right now. Atlanta Federal Reserve Bank President Raphael Bostic on Monday said of the jobs readout: "It'll probably mean we have to do a little more work." Investors will watch Biden's State of the Union with one eye on the potentially destabilising debt ceiling standoff with Congress.
The burrito chain reported earnings of $8.29 per share on revenue of $2.18 billion. Enphase Energy — The solar stock jumped more than 8% after Enphase Energy reported quarterly results that topped analysts' expectations for earnings per share and revenue, according to FactSet. Fortinet — Shares surged more than 14% in extended trading after Fortinet surpassed earnings per share expectations, according to StreetAccount. The cybersecurity company posted 44 cents per share, greater than the expected 39 cents per share. Yum China reported earnings of 13 cents per share, lower than expectations for 15 cents per share.
Earnings season continues next week, with Club holdings Linde (LIN), Emerson Electric (EMR) and Walt Disney (DIS) all set to report. Similarly, shares of Meta Platforms (META) have surged over 20% since CEO Mark Zuckerberg reassured investors Wednesday evening that 2023 would be the technology giant's "year of efficiency." The bull case is further supported by continued signs inflation is easing, a still-robust job market and the breadth of market-buying activity since the start of the year. Lastly on Wednesday, the Fed's Federal Open Market Committee raised the federal funds rate by 25 basis points, in line with expectations. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Simply buying the worst performers of 2022 seemed to have paid off for investors in January. Discovery have seen the largest bounce back in shares of the group, up 54% after a 60% tumble in 2022. Semiconductor stocks took a beating in 2022 as companies grappled with slowing demand. Of the names included in the list, Lumen Technologies , Epam Systems and Dish Network are the only three downtrodden 2022 stocks bucking the worst-to-first trend. That includes an improvement in long-term trend following indicators, more widespread breakouts, and greater improvement in market breadth, which is currently overbought, she said.
Loading chart... Regions Financial Corp : "It's an excellent stock. I think it's a terrific buy, even at these levels." Loading chart...Loading chart...Lumen Technologies Inc : "I actually don't trust Lumen. I think Lumen is a dangerous stock even down here."
Cleerly founder and CEO James Min, a cardiologist, started the company to find a better way to assess heart health, by applying AI to the problem. Heart disease is the nation's No. CNBC: What are indirect markers of heart disease? Min: Many emergency department visits for heart attacks are preventable if risk factors for heart disease are identified in advance. Using millions of annotated CCTA images, Cleerly algorithms quantify and characterize atherosclerosis and its features.
Elon Musk is facing allegations of being complicit with state censorship after Twitter appeared to take sides with India’s government in a turbulent free speech fight over a documentary critical of the country’s prime minister. Musk’s brief answer was in contrast to the sometimes-detailed, personalized responses he has given to other people who complain to him about Twitter. Within India, Twitter said it complied 5.6% of the time. “The BBC has not asked Twitter to remove any content relating to the documentary,” the British broadcaster said in a statement. “The IT Rules are being exploited, handing authorities license to pressure platforms to censor content in ‘emergency’ cases,” he said in a Twitter thread.
Loading chart...Church & Dwight Co Inc : "I've got to tell you, some of the other growth stocks in the same category I might as well [buy instead]. Smucker , that's a very good company. I think it's a little bit cheaper." Loading chart...Lumen Technologies Inc : "I don't understand why they're doing this badly." Camping World Holdings Inc : "I say it's fine to buy."
He persevered through the brutal all-nighters, the perplexing spreadsheets, and the temperamental bosses who walked the halls of the midtown Manhattan investment firm. At Apollo, executives tend to grow up quickly. Some of their former colleagues have tried to make more money elsewhere, such as the hedge funds run by billionaire personalities that Apollo's executives quietly root against. Associates sometimes dealt with burnout from heavy workloads and demanding bosses by escaping for a walk through Central Park to let off steam, according to the former firm associates. We're Rayman Apollo!'"
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