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☆ Stocks making the biggest moves midday: Nordstrom, Hasbro, Hawaiian Electric, Affirm and more
▼ + stars: | 2023-08-25 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Check out the companies making the biggest moves midday:Nordstrom — The department store retailer sank 8.6% even after topping fiscal second-quarter earnings and revenue expectations. Earnings came in 40 cents ahead of the 44 cents expected by analysts polled by Refinitiv. Revenue was $1.79 billion, versus the $1.77 billion expected. Gap's revenue was $3.55 billion, below the $3.57 billion expected. Earnings per share came in at 33 cents for its second quarter, versus the 32 cents expected, according to Refinitiv.

Persons: Nordstrom, Ulta, Morgan Stanley, Yun Li, Hakyung Kim, Alex Harring, Samantha Subin, Michael Bloom Organizations: Refinitiv, Hawaiian, National Weather Service, NBC, Hasbro, Bank of America, Revenue, Intuit —, Refinitiv . Revenue, Marvell Technology, Marvell, Analysts, AMC Locations: Maui, Refinitiv

Harrison Floyd is shown in a police booking mugshot released by the Fulton County Sheriff's Office in Atlanta, Georgia, U.S., August 24. Harrison Floyd said at his first court appearance that he could not afford a private lawyer and had been denied representation by a public defender because he did not qualify. Floyd, who appeared virtually, said that it typically cost between $40,000 to $100,000 just to retain a private lawyer to fly to Georgia. Richardson told Floyd that he could either hire a lawyer or represent himself. In a separate case, Floyd was arrested in Maryland in May and charged with assaulting FBI agents who tried to serve him with a subpoena, court records show.

Persons: Harrison Floyd, mugshot, Donald Trump's, Floyd, Emily Richardson, Richardson, bedbugs, Scott McAfee, Trump, Fani Willis, Joe Biden's, Rudolph Giuliani, Misty Hampton, Sidney Powell, Attorney Willis, McAfee, Kenneth Chesebro, Powell, Willis, Jeffrey Clark, Biden, Jack Queen, Andy Sullivan, Luc Cohen, Noeleen, Daniel Wallis Organizations: Fulton County Sheriff's, REUTERS Acquire, Rights, U.S . Department of Justice, Trump, Democratic, U.S . Marine, New, Attorney, Justice, Republican Party, Republican, Christian, Thomson Locations: Fulton, Atlanta , Georgia, U.S, Fulton County, Georgia, Maryland, New York, Atlanta

☆ JPMorgan: The world's food supplies face a bleak future. These are the 3 biggest threats, and the companies best-positioned to tackle food insecurity.
▼ + stars: | 2023-08-25 | by ( Mark Reeth | ) www.businessinsider.com time to read: +10 min

Investors need to know exactly where the threats to the world's food supply are coming from, what themes are beginning to emerge in this new reality, and how they should be investing. New threats to the world's food supplyIn her report, Chang highlighted the ongoing problems affecting the world's food supply: war, weather, and the weaponization of food. One of the most devastating recently implemented restrictions on food supply is India's decision to ban the exportation of non-Basmati white rice. The combination of war, weather, and the weaponization of food has taken a toll on the world's food availability. And within food innovation, JPMorgan analysts like Philippine food and beverage maker Monde Nissin (MONDE PM) and Thailand-based seafood producer Thai Union (TU TB).

Persons: UNICEF — that's, Global Research Joyce Chang, Chang, El, Hilary, CJ Cheiljedang, Mengniu Dairy, Kubota, Jeronimo Martins SGPS Organizations: JPMorgan, Hurricanes, UNICEF —, Global Research, Grain Initiative, Food Policy Research, Food, Agriculture Commodities, ASEAN, Mahindra, LG, Thai Union, TU, Jeronimo Martins SGPS SA, Tesco PLC, J Sainsbury PLC, Koninklijke Ahold Delhaize, Carrefour SA, Yara International ASA, OCI, OCI NA, Bayer AG, PepsiCo Locations: Ukraine, California, Canada, East Coast, Russia, Africa, Asia, India, El, South Korean, HK, South Korea, Philippine, Thailand, Europe

☆ Stocks making the biggest moves premarket: Marvell Technology, Affirm, Hawaiian Electric and more
▼ + stars: | 2023-08-25 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Marvell posted earnings of 33 cents per share, excluding items, on $1.34 billion in revenue. For the recent period, Affirm posted a smaller-than-expected loss of 69 cents per share on revenues of $446 million. Intuit posted $2.71 billion in revenue, ahead of the $2.64 billion expected. Analysts polled by Refinitiv had anticipated earnings of $5.85 per share on $2.51 billion in revenue, according to Refinitiv. Adjusted earnings per share came in at 34 cents, ahead of the 9 cents expected by analysts polled by Refinitiv.

Persons: Marvell, Refinitiv, Nordstrom, Ulta, Alan Gould, —, Jesse Pound, Sarah Min, Michelle Fox Organizations: Marvell Technology, Hawaiian Electric, Electric, NBC News, Intuit —, Refinitiv, Intuit, AMC Entertainment, Netflix Locations: Maui

☆ ETIAS and Europe's city taxes explained: When, who pays and how much?
▼ + stars: | 2023-08-24 | by ( Julia Buckley | Who Needs Etias Authorization | ) edition.cnn.com time to read: +8 min

The ETIAS visa waiver program will allow entry into EU countries from $7.70. And, of course, citizens of many countries need “real” visas to EU countries – which is not only a costly process, but a time-consuming one, too. ETIAS will join the myriad accommodation and “tourist taxes” that are already charged around Europe. What other tourist taxes are there in Europe? If your ship docks at Barcelona for 12 hours or more you’ll pay 4.75 euros (3 euros regional fee and 1.75 euros city surcharge).

Persons: ETIAS, you’re, They’re, Pretty, Armando Oliveira, iStockphoto, –, you’ll, Vila Real de Santo António, it’s, doesn’t Organizations: CNN, UAE, EU, United States ’, Manchester, Edinburgh, Vila Real de Santo Locations: Europe, United States, United Kingdom, Japan, Singapore, EU, Amsterdam, Wales, Barcelona, Italy, Portugal, Catalonia, Vienna, it’s, Algarve, Faro, Vila, Rome, Venice, Paris, France, Greece, Caribbean, New Zealand

☆ Fact Check-High temperatures in the early 20th century don’t disprove climate warming
▼ + stars: | 2023-08-24 | by ( Reuters Fact Check | ) www.reuters.com time to read: +3 min

An inaccurate table of record-high temperatures in Europe circulating online shows that a handful of records set before 1950 still stand, but also that most records in specific cities were set after 2000. !” to imply that recent heat records set in Europe are not new. However, the post’s implication that record-high temperatures disprove climate warming is unsupported by further evidence. Temperatures for Europe as a whole show long-term warming trends with several countries having revised their all-time heat records over the past few years. Historical local heat records are not evidence for or against overall climate warming.

Persons: “, Belgium’s, Copernicus, Read Organizations: State, Reuters Locations: Europe, Cyprus, Spain, Italy, England, Ventspils, Daugavpils, Begijnendijk, Uccle, Slovenia, Netherlands

☆ Rays aim to pull off one last trick vs. Rockies: series sweep
▼ + stars: | 2023-08-24 | by ( Field Level Media | ) www.reuters.com time to read: +3 min

For the second consecutive night, the Rays rallied past the Rockies on Wednesday. Lowe, who went 1-for-5, lashed a liner to right that scored Osleivis Basabe with the game-winning run from second base. Colorado's Peter Lambert will make the start in Florida before the club stays in the AL East and heads to Baltimore for a series beginning Friday. He matched his career high with seven innings pitched, allowing just one run -- a homer by Elvis Andrus on the game's first offering -- and four hits. Since returning to a starting role, he sports a 2-3 record and a 3.34 ERA over seven starts.

Persons: Brandon Lowe's, Lowe, Curtis, Mead, Kevin Cash, Bud Black, Shawn Armstrong, Armstrong, Colorado's Peter Lambert, Lambert, Jimmy, Elvis Andrus, Tommy John, Peter, it's, I've, Black Organizations: Colorado Rockies, Tampa Bay Rays, National League West, Rays, Rockies, Osleivis, Chicago White Sox, American League, Philadelphia Phillies, AL East, White Sox, Chicago bullpen, Thomson Locations: St . Petersburg, Fla, Colorado, Tampa, Florida, Baltimore

☆ Republican hopefuls’ deficit goals are all talk
▼ + stars: | 2023-08-24 | by ( Ben Winck | ) www.reuters.com time to read: +4 min

Participants in the party’s first debate for the 2024 election on Wednesday night promised to shrink the government’s budget shortfall. Yet Republicans have a bad track record for cutting federal debt, and some candidates are already touting pricey projects and tax cuts. The last Republican president to run a budget surplus was George W. Bush in 2001, but even that year was partly influenced by the cost-cutting measures put in place by his Democratic predecessor. With Congress balking at such a combinations, Republican candidates’ plans are all talk, little hope of action. That budget deficit is 122% larger than the shortfall seen in the same period last year.

Persons: Asa Hutchinson, Chris Christie, Mike Pence, Ron DeSantis, Vivek Ramaswamy, Nikki Haley, Tim Scott, Doug Burgum, jockeying, “, Donald Trump, George W, Bush, Lauren Silva Laughlin, Oliver Taslic Organizations: Arkansas, New, U.S, South Carolina, North Dakota, Republican, Reuters, Republicans, South, Democratic, U.S . Office, Management, Former New, Congressional, Cato Institute, Fitch, Treasury Department, Thomson Locations: New Jersey, Florida, U.S, WASHINGTON, Milwaukee , Wisconsin, South Carolina, Former New Jersey, Arkansas, Ukraine, China, The U.S

Here are three major reasons why Nvidia stock — which has amore than tripled so far in 2023 — has not finished its climb, justifying our $600-per-share price target. That's because Wall Street's earnings estimates have been revised much higher than Nvidia stock's more-than-3% post-earnings gain. A forward price-to-earnings (P/E) ratio is calculated by dividing a company's stock price by its annual earnings-per-share (EPS). Using Thursday's midday price of roughly $486 per share, Nvidia stock trades at a 46.6 P/E, based on fiscal year 2024 estimates. That makes Nvidia's stock rally largely an earnings-driven story, not an ascent rooted in multiple expansion.

Persons: Nvidia's, —, Wall, Jensen Huang, Huang, Colette Kress, Grace Hopper Superchip, Jim Cramer's, Jim Cramer, Jim, Justin Sullivan Organizations: Nvidia, Micro Devices, Intel, Microsoft, Oracle, Consumer, IDC, Broadcom, AMD, Jim Cramer's Charitable, CNBC Locations: Wednesday's, Santa Clara , California

☆ Shohei Ohtani Won’t Pitch Again This Season
▼ + stars: | 2023-08-24 | by ( Victor Mather | More About Victor Mather | ) www.nytimes.com time to read: +1 min

Shohei Ohtani has been one of the most brilliant baseball players in memory, and the first in generations to both pitch and hit at a star level. Ohtani, who is eligible for free agency this off-season, left Wednesday’s game against the Cincinnati Reds with one out in the second inning. He did not pitch for all of 2019 while recovering from Tommy John surgery on the same elbow, but he continued to hit. Ohtani leads the majors with 44 home runs and a .664 slugging percentage. He finished his pitching season with a 10-5 record and a 3.14 E.R.A.

Persons: Shohei Ohtani, they’ve, Ohtani, Tommy John Organizations: Los Angeles Angels, Cincinnati Reds

☆ One of Trump's co-defendants just got a speedy trial date in Georgia — but Trump himself doesn't want that
▼ + stars: | 2023-08-24 | by ( Grace Eliza Goodwin | Azmi Haroun | ) www.businessinsider.com time to read: +2 min

Trump and his Georgia co-defendants have had a strategic legal breakdown. Attorney Kenneth Chesebro, one of the 19 defendants in Trump's Georgia indictment, requested an October trial date. The move for a speedy trial may have been a bet by Chesebro that prosecutor Fani Willis wouldn't be prepared. AdvertisementAdvertisementBut Willis accepted his request for a speedy trial, proposing in a legal filing that all defendants begin the proceedings as soon as October 23. In other criminal proceedings, Trump has tried to delay trials until after the 2024 election.

Persons: Trump, Kenneth Chesebro, Fani Willis, it's, Donald Trump, Chesebro, Fani Willis wouldn't, Tamar Hallerman, Willis wasn't, Willis, Donald Trump —, Georgia's Organizations: Fulton, Service, Atlanta -, NBC, GOP Locations: Georgia, Trump's Georgia, Fulton County, Wall, Silicon

☆ Investors look to AI-darling Nvidia's earnings as US stocks rally wobbles
▼ + stars: | 2023-08-23 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

REUTERS/Robert Galbraith/File Photo Acquire Licensing RightsNEW YORK, Aug 23 (Reuters) - Bullish investors are hoping Wednesday's earnings report from chip heavyweight Nvidia (NVDA.O) can rejuvenate a U.S. stocks rally that has stumbled in recent weeks. The market's turbulence is intensifying focus on Nvidia's fiscal second quarter report, due after market close on Wednesday. Following that report, the S&P 500 technology sector (.SPLRCT) rallied 8% over the next five days. Signs that the central bank intends to hold rates around current levels for longer than investors had anticipated could further weigh on stocks. In a Monday note, Goldman analysts said an equal-weighted basket of those 11 stocks had returned 69% so far in 2023, outpacing a 7% gain for the overall equal-weight S&P 500.

Persons: Robert Galbraith, Anthony Saglimbene, Chuck Carlson, Jerome Powell, Goldman Sachs, Goldman, Lewis Krauskopf, Saqib Iqbal Ahmed, Ira Iosebashvili, Matthew Lewis Organizations: Nvidia, REUTERS, Apple, Microsoft, Big Tech, Ameriprise, Reuters, Societe Generale, Horizon Investment Services, Nasdaq, Federal, NVDA, Goldman, Thomson Locations: Santa Clara , California, U.S, Jackson Hole , Wyoming, outpacing, New York

☆ A Mar-a-Lago employee in charge of security cameras changed his testimony and implicated Trump after switching attorneys, prosecutors say
▼ + stars: | 2023-08-23 | by ( Azmi Haroun | ) www.businessinsider.com time to read: +4 min

"Trump Employee 4" had initially been represented by a lawyer paid for by a Trump political action committee. Nauta is represented by Stanley Woodward, who previously repped Trump Employee 4, and prosecutors said that Woodward's continued presence in the case could also mark a conflict of interest. AdvertisementAdvertisement"Advising Trump Employee 4 to correct his sworn testimony would result in testimony incriminating Mr. Woodward's other client, Nauta; but permitting Trump Employee 4's false testimony to stand uncorrected would leave Trump Employee 4 exposed to criminal charges for perjury," prosecutors said in the filing. AdvertisementAdvertisementIn the latest development, federal prosecutors said that they plan to call on Taveras to describe the pressure campaign to delete security footage. "The Government anticipates calling Trump Employee 4 as a trial witness and expects that he will testify to conduct alleged in the superseding indictment regarding efforts to delete security footage," prosecutors wrote.

Persons: Trump, Donald Trump's, Jack Smith's, —, Prosecutors, Taveras, Aileen Cannon, Smith, Walt Nauta, Carlos De Oliveira, Stanley Woodward, Woodward's, Mr, uncorrected, Woodward, De Oliveira Organizations: Trump, Service, Trump's Save America PAC, NBC News, US, Prosecutors, DOJ Locations: Wall, Silicon, Florida, Washington, Taveras

☆ Fact check: The first Republican presidential debate of the 2024 election
▼ + stars: | 2023-08-23 | by ( Cnn Staff | ) edition.cnn.com time to read: +16 min

CNN —Eight candidates for the Republican nomination for president took the stage for the first GOP debate Wednesday night in Milwaukee. (In June 2020, he announced a plan for schools to reopen for the next school year that began in August. In April 2020, the unemployment rate spiked to 14.7% — the highest level since monthly records began in 1948. It reached a 66-year low during certain months of 2019, at 3.4% in April and 3.6% in August, but by December 2020, unemployment for women was at 6.7%. That deal was negotiated by special counsel David Weiss, who was first appointed to the Justice Department by former President Donald Trump.

Persons: Ron DeSantis, DeSantis, Daniel Dale Nikki Haley, Nikki Haley, “ Donald Trump, Trump, Daniel Dale, Katie Lobosco Burgum, Doug Burgum, –, Goldman Sachs, Ella Nilsen Tim Scott, South Carolina Sen, Tim Scott, Biden, ” Scott, Scott’s, don’t, Tara Subramaniam Scott, ’ Scott, Joe Biden, they’re, Kevin McCarthy, Merrick Garland, ”, Garland, CNN’s Hannah Rabinowitz Haley, Haley, CNN’s Haley Britzky Pence, Mike Pence, “, Obama, CNN’s Haley Britzky Christie, Hunter Biden, Chris Christie, Biden’s son Hunter Biden, Christie, David Weiss, Donald Trump, CNN’s Marshall Cohen Scott, Burgum, Scott, Katie Lobosco Organizations: CNN, Republican, GOP, “, New, New York Tri, State, Trump, South, United Nations, Social Security, Dakota Gov, American Clean, Republicans, DOJ, Justice Department, National School, Department, Defense Department, of Foreign Relations, Former New Jersey Gov, US, IRS, Treasury Locations: Milwaukee, Florida, Broward, Palm, New York, Connecticut , New Jersey, Louisiana, South Carolina, China, United States, Covid, Ukraine, Estonia, Latvia, Lithuania, Poland

☆ U.S. Open 2023: dates, schedule, seeds and how to watch on TV
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: +3 min

* The three main showcourts at the U.S. Open are Arthur Ashe Stadium, Louis Armstrong Stadium and the Grandstand. * Arthur Ashe Stadium (capacity: 23,771) is named after the only Black man to claim singles titles at Wimbledon, the U.S. Open and the Australian Open. * Louis Armstrong Stadium (capacity: 14,053) was named after jazz great Armstrong who lived a few blocks from the venue until he died in 1971. * Poland's Iga Swiatek, the French Open champion, is the women's world number one and will defend her New York crown. * Latin America & Caribbean: ESPN Brazil, ESPN Caribbean, ESPN Latin America (North and South), TV Globo.

Persons: Spain's Carlos Alcaraz, Norway's Casper Ruud, Violeta Santos Moura, Arthur Ashe, Louis Armstrong, Armstrong, Holder Carlos Alcaraz, Swiatek, Carlos Alcaraz, Novak Djokovic, Daniil Medvedev, Holger Rune, Casper Ruud, Andrey Rublev, Taylor Fritz, Frances Tiafoe, Sabalenka, Jessica Pegula, Elena Rybakina, Coco Gauff, Caroline Garcia, Maria Sakkari, Vondrousova, Karolina Muchova, Stan Sport, Shrivathsa Sridhar, Pritha Sarkar Organizations: U.S, United States Tennis Association, National, OPEN, U.S ., Louis, Wimbledon, Australian, Open, WHO, TOP, MEN, Sports, SuperSport, Eurosport, Sky Sports, Telefonica, Oceania, Digicel, MIGU, TVNZ, Sony Sports Network, Caribbean, ESPN Brazil, ESPN Caribbean, ESPN, America, TV Globo, beIN, TSN, Thomson Locations: Murcia, Spain, New York, Serbia, Russia, Denmark, Norway, Italy, Greece, United States, Poland, Belarus, Kazakhstan, Jabeur, Tunisia, France, Czech Republic, Africa, Europe, SuperTennis, India, Bengaluru

☆ Stocks making the biggest moves midday: Dick's Sporting Goods, Macy's, Charles Schwab and more
▼ + stars: | 2023-08-22 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Macy's said it expects adjusted earnings per share between $2.70 and $3.20, adding it sees comparable store sales falling between 6% and 7.5%. The company reported earnings of $4.56 per share, versus the $4.49 expected by analysts surveyed by Refinitiv. AppLovin – The marketing stock rose 1.5% to a 52-week high following a Jefferies upgrade to buy from hold. Zoom Video – Shares of the video communications platform lost about 2% even after the company posted better-than-expected second-quarter results. Aramark — The food service stock rose about 2%.

Persons: Dick's, Macy's, Lowe's, Charles Schwab —, Charles Schwab, AppLovin, Jefferies, Stephen Tusa, Emerson, AspenTech, Fabrinet, Seamus Grady, Aramark, —, Alex Harring, Yun Li, Hakyung Kim, Brian Evans, Michelle Fox, Sarah Min Organizations: Dick's, Goods, Revenue, Refinitiv . Revenue, Bloomberg, American Airlines –, American Airlines, Baidu, Microsoft, Activision, Activision PC, Jefferies, Emerson, JPMorgan, Garden, Bank of America, UBS Locations: Madison

☆ UK’s improving finances will bear no fiscal gifts
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Yves Herman/File Photo Acquire Licensing RightsLONDON, Aug 22 (Reuters Breakingviews) - Higher tax receipts helped Britain to borrow less than expected in July. The UK’s poor economic health leaves him with little room for fiscal giveaways ahead of a prospective 2024 election. Public sector net borrowing stood at 4.3 billion pounds in July, less than the 5 billion pounds expected by economists polled by Reuters. In the first four months of the fiscal year, borrowing was 11.3 billion pounds below the Office for Budget Responsibility’s forecast. The recent rise in bond yields will add around 18 billion pounds to debt interest spending by 2027/28, says Capital Economics.

Persons: Jeremy Hunt, Mairead McGuinness, Yves Herman, Hunt, Francesco Guerrera, EY’s loveless, Lisa Jucca, Katrina Hamlin Organizations: Financial Stability, Financial Services, Capital Markets, REUTERS, Reuters, Budget, Economics, Twitter, TPG, Thomson Locations: Brussels, Belgium

☆ Wall Street gets more bullish on Nvidia (again). Where Jim Cramer stands going into earnings
▼ + stars: | 2023-08-21 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +8 min

Besides Apple (AAPL), Nvidia is the only other Club stock to get Jim's "own it, don't trade it" designation. There's no doubt technology giants in the world's second-largest economy want Nvidia's chips to build out their AI systems. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: Jim Cramer, I'm, Baird, KeyBanc, Piper Sandler, FactSet, Wei, Biden, Colette Kress, Jim Cramer's, Jim, Hsun Huang, Patrick T Organizations: Nvidia, Apple, HSBC, Barclays, Microsoft, Taiwan Semiconductor Manufacturing Company, Financial, Citigroup, Wall Street Journal, CNBC, Nvidia Corp, Mobile, Fallon, Bloomberg, Getty Locations: China, Washington, U.S, Los Angeles , California

☆ Palo Alto Networks rewards our faith in the stock, leading us to adjust our price target
▼ + stars: | 2023-08-21 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

Palo Alto Networks (PANW) shares jumped more than 15% on Monday, clawing back in one session most of the damage they incurred since the beginning of August. PANW YTD mountain Palo Alto Networks YTD performance Bottom line The concern over whether a summer Friday evening earnings release might mean bad news proved unwarranted. Palo Alto Networks delivered largely better-than-expected quarterly numbers, with even better guidance for the current quarter (fiscal 2024 first quarter), full-year fiscal 2024, and beyond. Roadmap for AI Palo Alto management also talked about how artificial intelligence will revolutionize their ability to safeguard computer networks and catch hackers in the act of a breach. Signage outside Palo Alto Networks headquarters in Santa Clara, California, U.S., on Thursday, May 13, 2021.

Persons: clawing, That's, Nikesh Aurora, Fortinet, billings, we're, Jim Cramer's, Jim Cramer, Jim, David Paul Morris Organizations: Palo Alto Networks, Revenue, Refinitiv, billings, Alto Networks, Management, Alto, Palo, Billings, TAM, CNBC, Bloomberg, Getty Locations: Palo, billings, Palo Alto, Santa Clara , California, U.S

☆ Hidden investors took over Corizon Health, a leading prison healthcare company. Then they deployed the Texas Two-Step.
▼ + stars: | 2023-08-21 | by ( Nicole Einbinder | Dakin Campbell | ) www.businessinsider.com time to read: +63 min

The nurse practitioner on duty that day was employed by Corizon Health, Inc., one of the nation's largest private prison healthcare providers. Under federal law, a bankruptcy judge may respond to evidence of self-dealing or perjury by appointing a trustee to take control of the bankrupt company, bankruptcy experts told Insider. Just six months before the Garcia family was scheduled to have their day in court, Corizon filed for bankruptcy. "The Corizon bankruptcy is presently in a court ordered mediation, and we are seeking a global resolution for all the parties involved." Goldberger's attorney, Joseph Haspel, responded to queries with a statement saying that "Mr. Goldberger is a passive investor" in Corizon, Tehum, YesCare, Perigrove, and Perigrove 1018.

Persons: Hector Garcia, Garcia, wriggling, Adria Malcom, Corizon, Bryan Baker, —, Doña Ana, Corizon ., Garcia's, Daniel Jimenez, Gina Macias, Belen Lowery, Hector Garcia , Jr, it's, Johnson, Tehum, Sen, Elizabeth Warren, I've, Isaac Lefkowitz, James Hyman, YesCare, Lefkowitz, Ian Cross, Lynn LoPucki, Tracey Grissom, William Kelly, Kelly, Hector Garcia Jr, Hector Jr, Ricky, he'd, Hector Garcia's, Ana County , New Mexico Hector Jr, Matt Coyte, Coyte, Hyman, didn't, Sara Tirschwell, Kholood, Tirschwell, Jason S, Ana County, Nick Tomecek, Christopher Atkinson, Wendy McGee, McGee, Stephanie Kiger, Anita Skipper, Atkinson, He's, Simche Steinberger, England, Steinberger's, Steinberger, Michael Flacks, Sylvia Jarrus, Cross, he's, David Gefner, Abraham Goldberger, Gefner, Perigrove, Terrence A, they'd, Oved, Goldberger, CHS Dana Anna, Flacks, Moneyman, Joel Landau, Joseph Haspel, Haspel, Andrew Levander, Landau, James Hyman's, It's, Genesis, David Harrington, Bill de Blasio, there'd, Hindenburg, David Paterson, Mark Roe, availing, Dick Durbin, Gefner . Lefkowitz, Tirschwell —, Davidson Kempner, Tim Hunter, Tirschwell's, catastrophically, Tirschwell's playbook, Jeff Sholey, Sholey, Steven Storch, Daniel's Organizations: Detention, Insider, Corizon Health, Inc, Housing, University of Missouri Health Care, Arizona Department of Corrections, Rehabilitation, Senate Banking Committee, Court, Middle, University of Florida, Alabama, futon, Health Services, New, Arizona, BlueMountain Capital Management, Flacks, Revenue, Corizon, New York Times, Tehum Care Services, CHS, YesCare Holdings, Okaloosa, Wyoming Department of Corrections, University of West, YesCare, Public, Alabama Department of Corrections, . Alabama Department of Corrections, Tehum, US, University of Missouri, LinkedIn, Flacks Group, Consulate Health Care, Justice Department, YesCare Corp, United Staffing Solutions, Charlotte, CHS Okaloosa, United, Solutions, Pharmacorr, Trade Center, Securities and Exchange Commission, Hindenburg Research, Alabama Department, Corrections, Geneva Consulting, Genesis Healthcare, Trade, Geneva, New York Stock Exchange, Pinta Capital Partners, The, Pinta Capital, New York Gov, Staffing Solutions, DG Realty, Harvard Law School, ACLU, Public Justice, Lawyers, Seven Trade, World Trade, Gefner, Southern, Southern District of Texas, The Alabama Department of Corrections, Southern Poverty Law Center, Medicare, Services, Quest Turnaround Advisors, New York City, Republican, city's Campaign Finance, CFB, Campaign Finance, Finance Locations: Ana, Las Cruces , New Mexico, facility's, Doña, Jimenez's, Las Cruces, Houston, New, Rockland County, Texas, Middle District, Tennessee, Michigan, Virginia, New York, Oregon, Idaho, New Mexico, Ana County , New Mexico, Corizon, Florida, New York City, A, York, Nashville, Missouri, Brentwood , Tennessee, Delaware, Okaloosa, Florida's panhandle, Okaloosa County, Okaloosa County , Florida, University of West Florida, YesCare, Wyoming, Shawnee County , Kansas, Bernalillo County , New Mexico, Tehum, Perigrove, Suffern, Brooklyn, America, Manhattan, Suffern , New York, Geneva, nonpayment, United States, Rivington, Alabama, Southern District, Wexford, Maine, Corizon's Texas, Mexico, Tirschwell's, YesCare Corp

Thailand's bicameral parliament has been deadlocked for weeks on forming a government, after the anti-establishment election winner Move Forward succumbed to conservative resistance in parliament, leaving second-placed Pheu Thai to take up the effort. Parliament will vote on Tuesday on the prime ministerial bid of Pheu Thai's Srettha Thavisin, a 60-year-old real estate mogul who was thrust into politics only a few months ago. "To move the Pheu Thai Party forward, to help the people, we are not lying to the people but we have to be realistic," he told a press conference. "Over the past nine years Pheu Thai was not in government, we didn't have power, it is clear people's living standards dropped." Pheu Thai’s bid to form a governmentPheu Thai said it would still forge ahead with changing the constitution to make it more democratic, but would steer clear of amending laws related to the powerful monarchy.

Persons: Srettha Thavisin, Athit, Thaksin, Srettha, Thaksin Shinawatra, Yingluck Shinawatra, Pheu, Panarat Thepgumpanat, Chayut, Panu, Martin Petty, Robert Birsel, Alison Williams Organizations: REUTERS, Ex, Pheu Thai Party, Pheu, Thai Party, Forward, Twitter, Thomson Locations: Bangkok, Thailand, BANGKOK

☆ Market downturn could be a buying opportunity, chart analyst Katie Stockton says
▼ + stars: | 2023-08-21 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Stocks are coming off a losing week as they suffer through the summer doldrums, but it could be a buying opportunity for investors, according to chart analyst Katie Stockton. She sees it as "a corrective phase, something that should yield a buying opportunity." The S & P 500 is down more than 4% in August, as concern over higher rates for longer and a slowdown in China hamper investor sentiment. That's significant, she explained, because it gives investors a time frame for what to expect from this corrective phase. For the broad market S & P 500 , she takes the next key level of support from the index's February resistance of 4,195.

Persons: Stocks, Katie Stockton, CNBC's, it's, Stockton Locations: China

☆ Consumers have spent all of their excess savings from the pandemic. That's just one reason why stocks are poised to fall, JPMorgan says
▼ + stars: | 2023-08-19 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

US consumers have spent all of their excess savings from the pandemic, according to JPMorgan. The bank highlighted the softening of the consumer as one reason why stocks are poised to continue their decline. In a Thursday note, he said consumers have spent down the entirety of their excess savings from the pandemic, which at one point totaled more than $2 trillion. A softening consumer is just one reason why he is preaching continued caution towards the stock market amid its 5% decline, according to the note. Another headwind for the stock market is the fact that rich valuations make buybacks less attractive for companies when they're funded by debt, he added.

Persons: JPMorgan's Marko Kolanovic, Kolanovic Organizations: JPMorgan, Service Locations: Wall, Silicon, China, Germany

"The Boss" is on tour with the E Street Band through December 2023, with tour tickets still on sale for prospective attendees. If you're aiming to buy Bruce Springsteen tickets for the last leg of his 18th headlining tour, we've got you covered. Bruce Springsteen 2023 tour scheduleThe fall tour dates for Bruce Springsteen include 27 remaining shows in the U.S. and Canada. The cost of original Bruce Springsteen tickets vary depending on location and date. Mat Hayward/Getty ImagesThe final leg of Bruce Springsteen's 2023 concert tour includes international dates in Canada.

Persons: Bruce Springsteen, Springsteen, we've, Foxborough, Bruce Springsteen's, Sam Fender, Frank Turner, Tash Sultana, Steven Van Zandt, Mike Weinberg, Garry Tallent, Roy Bittan, Nils Lofgren, Patti Scialfa, Mat Hayward Organizations: Broadway, NY, San, Ticketmaster, Vivid, showtime, Garden, Getty Locations: U.S.A, United States, North America, U.S, Canada, Rutherford, NJ, Syracuse, Baltimore, Pittsburgh, Uncasville, Albany, NY, Columbus, Washington, Vancouver, BC, Edmonton, Calgary, AB, Winnipeg, Toronto, ON, Kanata, Montréal, Quebec, Phoenix, AZ, San Diego, Inglewood, CA, San Francisco, Springsteen's Rutherford , New Jersey, Columbus , Ohio, White Buffalo, Boston , Massachusetts, Europe

An employee arranges shopping carts outside a Walmart store in Chicago, Illinois, U.S., November 20, 2018. Shares in Walmart, which have climbed 12.3% this year, were up about 3% in premarket trading. Smaller rival Target (TGT.N) on Wednesday beat quarterly profit estimates, benefiting from leaner inventory, but in contrast to Walmart, cut its forecast for the year. Online sales rose 24% in the second quarter, mainly driven by double-digit growth in store-fulfilled pickup and delivery. The company's global advertising business, called Walmart Connect, rose 35%.

Persons: Kamil Krzaczynski, Hogan, John David Rainey, Aishwarya Venugopal, Siddharth Cavale, Sriraj Kalluvila, Sharon Singleton Organizations: Walmart, REUTERS, Walmart Inc, Riley, Walmart's, Wednesday, Thomson Locations: Chicago , Illinois, U.S, United States, Bengaluru, New York

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