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☆ As earnings season winds down, investors turn to Tuesday's debt ceiling meeting
▼ + stars: | 2023-05-06 | by ( Zev Fima | ) www.cnbc.com time to read: +12 min

With only a small fraction of the S & P 500 left to report quarterly earnings, investors are now turning their focus to another major hurdle for the markets and economy: the debt ceiling crisis. Earlier this week, we looked back to debt limit crisis of 2011 for potential lessons. The protracted fight ultimately ended in an agreement in early August of that year, but it was a choppy summertime ride for investors. Within the portfolio, Wynn Resorts will report Tuesday, after the closing bell, and Disney will report on Wednesday, after the closing bell. Estee Lauder (EL) and Emerson Electric (EMR) reported earnings before the opening bell.

☆ OpenAI changed its plans and won't train on customer data, Sam Altman says
▼ + stars: | 2023-05-05 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

OpenAI hasn't trained its AI large-language models such as GPT with paying customer data "for a while," CEO Sam Altman told CNBC on Friday. "Customers clearly want us not to train on their data, so we've changed our plans: We will not do that," Altman told CNBC's Andrew Ross Sorkin. "We don't train on any API data at all, we haven't for a while," Altman told CNBC. OpenAI's business customers, which include Microsoft , Salesforce and Snapchat , are more likely to take advantage of OpenAI's API capabilities. The Guild had been pushing for limitations on the use of OpenAI's ChatGPT for script generating or rewriting.

☆ What Dominion's lawsuit could mean for Fox and its cable TV networks
▼ + stars: | 2023-04-13 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +5 min

Michael M. Santiago | Getty Images News | Getty ImagesDominion Voting System's defamation lawsuit against Fox Corp . and its cable TV networks will go to trial in the coming days, but the jury is still out on what, exactly, the lawsuit means for Fox and its business. Dominion brought its lawsuit against Fox and its TV networks, Fox News and Fox Business, in March 2021, arguing their hosts pushed false claims that Dominion's voting machines were rigged in the 2020 presidential election that saw Joe Biden triumph over Donald Trump. Worsen [Fox Corp. Stock Chart Icon Stock chart icon Fox Corp.'s stock has remained stable in recent months as evidence implicating its TV hosts and executives have come to light in Dominion's defamation lawsuit. Oftentimes, companies will pull their ads when TV networks are embroiled in controversy.

☆ Billionaire Barry Diller says the media should 'absolutely' sue AI makers over ingesting text from articles
▼ + stars: | 2023-04-12 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +3 min

Barry Diller warned publishers to prepare to fight in order to get paid for AI's use of their work. Diller made the comments at the Semafor Media Summit in New York. "Companies can absolutely sue under copyright law," he said. "It's not clear right now to what extent that has copyright implications," Gerratana said. "It's possible we'll see court decisions that apply copyright law in ways that we wouldn't have expected, because this technology is new, the circumstances are new, and the facts are new."

☆ Energy Department boosts university programs designed to help small manufacturers find savings of up to $130,000 a year
▼ + stars: | 2023-04-07 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +4 min

STILLWATER, OK - OCTOBER 1: Student Union building on the campus of the Oklahoma State University on October 1, 2005 in Stillwater, Oklahoma. Three out of five of the new programs have specific expertise in climate mitigation strategies, including energy management, industrial electrification, industrial decarbonization, resiliency planning, renewable energy, and waste and water management, according to the Energy Department. At the universities, teams perform assessments that will typically identify more than $130,000 in potential annual savings for small manufacturers. The IAC at Georgia Tech in Atlanta will focus on energy management and industrial electrification. San Francisco State University's center will study renewable energy, energy demand management, thermal systems design, and waste and water management, especially in the Western U.S.

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☆ Stocks making the biggest moves midday: Netflix, Block, Snap, KB Home and more
▼ + stars: | 2023-03-23 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Check out the companies making the biggest moves midday:Netflix — The streaming giant's stock climbed 8.5% following a report from YipitData that said the company's gross additions in Canada have improved. Block — Shares plunged 14% after short seller Hindenburg Research announced its latest position in the stock. The firm alleges that Block facilitates fraud and described the company's internal systems as a "Wild West" approach to compliance. Meta Platforms , Snap — The social media stocks moved higher as TikTok CEO Shou Zi Chew testified before the House Energy and Commerce Committee. KB Home — Shares rallied 8.8% after the homebuilder's fiscal first-quarter earnings beat expectations.

☆ People magazine offered voluntary resignation packages alongside January layoffs, and now insiders say rumors are swirling of more staff cuts ahead
▼ + stars: | 2023-02-24 | by ( Reed Alexander | ) www.businessinsider.com time to read: +8 min

The resignations, in exchange for severance packages, were offered the same day Dotdash Meredith laid off 7% of staff. In January, Dotdash Meredith cut 7% of its headcount during a difficult squeeze for the media industry, as ad spending has tumbled amid an uncertain economy. Dan Wakeford, a 7-year veteran of the publication who had served as editor-in-chief since 2019, departed last year after the formation of Dotdash Meredith under IAC. Severance pay will be paid in installments on the regular biweekly payroll schedule. KandisDo you work at People magazine or Dotdash Meredith and have insight to share?

☆ Keith Meister's Corvex Management bets on media companies, cuts big tech and biotech holdings
▼ + stars: | 2023-02-15 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Corvex Management increased its stakes in media-related companies while slashing technology and biotech investments, according to its latest quarterly 13F filing with the SEC. Crown Holdings was Meister's second-largest acquisition in the fourth quarter, when Corvex bought $74 million of shares. In November, billionaire Carl Icahn disclosed an 8.5% stake in the packaging company once known as Crown Cork & Seal. Corvex in the fourth quarter increased its position in Fomento Economico Mexicano , a Mexican multi-national retail and beverage company, by 9.5%, bringing the holding to almost $200 million. Corvex exited its positions in Amazon , JP Morgan Chase & Co . and Uber in the fourth quarter.

☆ We have the opportunity to grow profit in a meaningful way this year, says Joey Levin
▼ + stars: | 2023-02-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe have the opportunity to grow profit in a meaningful way this year, says Joey LevinCNBC's Julia Boorstin talks to Joey Levin, IAC CEO, to discuss his company's earnings.

☆ Investors need to embrace these stocks that we love
▼ + stars: | 2023-02-12 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +8 min

I’ve typically done this stock picking feature in early to mid February as a Stocks We Love type of story, pegging it to Valentine’s Day. The restaurant stocks in particular could do well. Inflation is obviously still a concern for big consumer brands. Consumer prices rose 6.5% over the past 12 months through December, down from a 7.1% pace in November. Up nextMonday: Earnings from TreeHouse Foods (THS), Avis Budget (CAR), FirstEnergy (FE), IAC (IAC) and PalantirTuesday: US CPI; Japan GDP; UK employment report; earnings from Coca-Cola, Asahi Group, Marriott (MAR).

☆ Key inflation data in the week ahead will offer clues to future Fed rate moves and the market's path
▼ + stars: | 2023-02-11 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Looking forward The January consumer price index (CPI) , which calculates the average change over time in prices that shoppers pay for goods and services, is slated for Tuesday. Economists and investors will use the number to gauge the odds of a soft landing or hard landing for the economy. The producer price index (PPI) for January, which calculates the change in selling prices received by producers of goods and services, is out on Thursday. 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.

One of the really interesting questions here – this will be fascinating – the core of linear TV is sports rights. When you look at the size and scope of the linear TV business, it's huge. Patrick T. Fallon | Afp | Getty ImagesByron Allen, Entertainment Studios founder and CEO: I think linear TV will exist for a very, very long time. Simmons: I believe Apple, out of nowhere, will start making their own awesome televisions that have Apple TV embedded in them. We are witnessing early stages of this dynamic with deals like "NFL Sunday Ticket" on YouTube and the MLS deal with Apple TV.

☆ Dotdash Meredith's CEO explains why its $2.7 billion acquisition of Meredith has been tough as the ad industry gets creamed
▼ + stars: | 2023-01-24 | by ( Lauren Johnson | ) www.businessinsider.com time to read: +2 min

CEO Neil Vogel said an ad market slowdown and culture challenges have been hard. IAC-owned Dotdash Meredith is about a year into its $2.7 billion acquisition of magazine giant Meredith, and a rough ad market has made the transition to become a big player for advertisers tough. "The market is hard," said Neil Vogel, CEO of Dotdash Meredith. Dotdash Meredith owns more than 40 brands including People, The Spruce, and Food & Wine. At the same time, the ad market soured last year as advertisers reigned in spending.

☆ This is the No. 1 career mistake young people make 'all the time,' says Uber's CEO—how to avoid it
▼ + stars: | 2023-01-19 | by ( Morgan Smith | ) www.cnbc.com time to read: +2 min

While some people might argue that the secret to success lies in creating a detailed, linear path to your ultimate career goal, Uber CEO Dara Khosrowshahi says over-planning isn't just ineffective — it can torpedo your chances of building a fulfilling career. "Don't over-plan your career … I see young people make this mistake all the time," Khosrowshahi told LinkedIn CEO Ryan Roslansky in a new interview published Thursday. "I've never been in a hurry in my career, because if you're open, and you really want to hone your craft, it's so much more satisfying [to take your time]." "People talk about financial compounding — there's a career compounding that's magical. Here's how to pick them and stick to themSign up now: Get smarter about your money and career with our weekly newsletter

☆ Three pharmaceutical stocks were last week's top performers — and analysts gave one 40% upside
▼ + stars: | 2022-12-05 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Global stocks rose last week, tracking U.S. stocks as Wall Street's major indexes closed with weekly gains. The MSCI World index was up about 1% over the week, and all three U.S. indexes also set weekly gains , with the Nasdaq posting the largest increase. Pharmaceutical stocks had a good week, with three — Horizon Therapeutics , Catalent and Alnylam Pharmaceuticals — making big gains. Of all three, Catalent got the highest upside (40%) from analysts — getting a buy rating from 56% of those covering the stock. U.S. media and internet company IAC was one top weekly performer, with the highest upside given by analysts — at 60%.

☆ Here are Friday's biggest analyst calls: Apple, Amazon, Tesla, DoorDash, Disney, Zillow & more
▼ + stars: | 2022-12-02 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Piper Sandler reiterates Amazon as outperform Piper said it's "more positive on the out-year opportunity" after attending the most recent Amazon Web Services conference in Las Vegas. Morgan Stanley reiterates Apple as overweight Morgan Stanley said it's standing by shares of Apple and that it sees no evidence of demand destruction. Morgan Stanley reiterates Hostess as overweight Morgan Stanley said after a meeting with Hostess management that it sees multiple growth drivers for the maker of Twinkies. Morgan Stanley reiterates Rocket Lab as overweight Morgan Stanley said investors should buy the dip in shares of the space satellite company. Morgan Stanley reiterates FedEx as equal weight Morgan Stanley said it's staying cautious and has low visibility heading into FedEx earnings later this month.

☆ European ministers to debate sharp increase in space funding
▼ + stars: | 2022-11-22 | by ( ) www.reuters.com time to read: +3 min

[1/2] Logos of ArianeGroup and the ESA (European Space Agency) are seen on a rocket model at the entrance of the International Astronautical Congress (IAC) space exploration conference in Paris, France, September 19, 2022. Other initiatives include extending Europe’s global navigation system into low Earth orbit and kickstarting a new satellite mission, Harmony, to expand climate research. Ministers will seek to close a narrow funding gap for Ariane 6 rockets and discuss the future of emerging micro-launchers. In a recent interview, ESA Director General Josef Aschbacher urged rapid global action to tackle congestion in low Earth orbit including a ban on ASAT or anti-satellite weapons tests. Even without such threats, the sheer number of satellites and fragments of debris in low Earth orbit raises concerns.

☆ Billionaire IAC chairman Barry Diller says Elon Musk bought Twitter as a toy: 'How long he will use it, like toys, we don't really know'
▼ + stars: | 2022-11-07 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +3 min

Billionaire IAC chairman Barry Diller has mixed feelings about Elon Musk's Twitter acquisition. On CNBC's Squawk Box, Diller said Musk "bought a toy, and how long he will use it, like toys, we don't really know." "You've got this extraordinarily wealthy person, and he bought a toy," Diller said. "He bought a toy, and how long he will use it, like toys, we don't really know, but he's not going to walk away, I don't think." By headcount, however, Twitter is already much smaller in the days since Musk bought it.

☆ Billionaire Barry Diller said there is something 'quite odd' in Mark Zuckerberg's decision to turn Facebook into Meta
▼ + stars: | 2022-11-07 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

IAC founder Barry Diller said "something is quite odd" in Mark Zuckerberg's metaverse pivot. Meta has shed over 70% of its value since the Facebook founder changed its name. Diller has made billions in founding and investing in top media companies like Expedia Group, Fox Broadcasting Company and USA Broadcasting. Last week, Federal Communications Commissioner Brendan Carr told Axios regulatory agencies like the Council on Foreign Investment in the US should take action to ban the app which is owned by Chinese media company ByteDance. At Meta, Zuckerberg has continually copied the popular video-app, rolling out features like Instragram Reels.

☆ Barry Diller says Twitter is a toy for Elon Musk
▼ + stars: | 2022-11-07 | by ( Ashley Capoot | ) www.cnbc.com time to read: +1 min

Barry Diller, chairman of IAC and Expedia, told CNBC's "Squawk Box" Monday that Twitter, which he said is a toy for Elon Musk, will "much smaller business" under its new owner. Diller said he believes Musk is "quixotic" but "very rational," and he thinks Musk will stick by the company. Diller said he thinks Musk will figure out how to improve Twitter and make it more appealing, but he's not convinced that it will become the next super-app. Twitter laid off approximately half of its employees days later. Since closing the $44 billion deal, Musk has laid out a series of ideas for a new user verification process for Twitter through its subscription service Twitter Blue.

☆ Watch CNBC's full interview with IAC chairman Barry Diller
▼ + stars: | 2022-11-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with IAC chairman Barry DillerBarry Diller, chairman of IAC and Expedia, joins CNBC's 'Squawk Box' to explain why he thinks Netflix will never be displaced as the leader among streaming companies. Diller also weighs in on the upcoming midterm elections, Elon Musk's takeover of Twitter, and more.

☆ Netflix will never be displaced as leader in streaming, says IAC chairman Barry Diller
▼ + stars: | 2022-11-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNetflix will never be displaced as leader in streaming, says IAC chairman Barry DillerBarry Diller, chairman of IAC and Expedia, on the Fed, joins CNBC's 'Squawk Box' to give his take on media stocks and explains why he thinks Netflix will never be displaced as the leader among streaming companies.

☆ Stocks week ahead: How the midterms could affect Wall Street
▼ + stars: | 2022-11-06 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +8 min

Investors are more than happy when politicians bicker but don’t actually enact any new laws that may hurt corporate profits. If Republicans get the House, tax hikes are dead in the water,” said David Wagner, a portfolio manager with Aptus Capital Advisors. That’s because there are some areas of consensus for the White House and Republican lawmakers. Congress and the White House may spend more time bickering than trying to pass legislation. Ameriprise chief market strategist Anthony Saglimbene said on a conference call last week about the midterms that stocks have historically gone up after elections, no matter which party controls the White House and Congress.

☆ Cramer's lightning round: Cano Health is a buy
▼ + stars: | 2022-11-04 | by ( Krystal Hur | ) www.cnbc.com time to read: +1 min

Loading chart...Cano Health Inc : "I think it's a buy." I do think that [Johnson & Johnson ] is going to spin off its consumer product company, and that's going to be very, very good." But I think you're okay." Loading chart...Nike Inc : "I don't think buying Nike here is that bad." Disclaimer: Cramer's Charitable Trust owns shares of Johnson & Johnson.

☆ The Fed, earnings, jobs and China: How we think about this week's deluge of data
▼ + stars: | 2022-11-04 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

It is very premature, in my view, to think about or be talking about pausing our rate hikes. The news sent those stocks reliant on China for growth — Starbucks, Estee Lauder and Wynn Resorts, among many others — higher. Or bad news could just be bad news if weak data signals a recession ahead. And good news could be good news: for example, if China reopens and U.S. companies exposed to the region see a boost in demand. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

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