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S.Africa's army chief visits Moscow for bilateral talks
  + stars: | 2023-05-15 | by ( ) www.reuters.com   time to read: +3 min
JOHANNESBURG, May 15 (Reuters) - The South African National Defence Force (SANDF) said on Monday that its army chief, Lawrence Mbatha, was in Moscow for a bilateral meeting, where he will visit Russian military academies and hold talks with officials. "It must be noted that South Africa has military-to-military bilateral relations with various countries in the continent and beyond," the SANDF said in a statement, adding that the meeting in Russia was planned well in advance. Brigety was summoned on Friday to meet South African Foreign Minister Naledi Pandor and he apologised "unreservedly" to the government and the people of South Africa, a foreign ministry statement said. "I was grateful for the opportunity to speak with Foreign Minister Pandor ... and correct any misimpressions left by my public remarks," Brigety said in a tweet that did not confirm whether he had apologised. South Africa, which has abstained from voting on U.N. resolutions on Russia's war in Ukraine, says it is impartial.
LOS ANGELES, May 8 (Reuters) - Writing for a new season of "The Handmaid's Tale" and a coming "Game of Thrones" prequel was halted as a nearly week-long strike by thousands of film and television writers rippled across Hollywood on Monday. Writing of the dystopian drama stopped when the Writers Guild of America (WGA) called a strike last week, Chang told Reuters on Monday. Martin said in a blog post that the writers' room for prequel series "A Knight of the Seven Kingdoms: The Hedge Knight" was "closed for the duration of the strike." Warner Bros has not announced a release date for "The Hedge Knight." The second season of "House of the Dragon," another "Game of Thrones" prequel, began filming in April, Martin said, and will continue in London and Wales.
"If they had to give up a second car or give up their iPhone, they'd give up their second car. AAPL .SPX mountain 2016-05-16 Apple's stock performance versus the S & P 500 since May 16, 2016, the day Berkshire's stake in the iPhone maker was first disclosed. Buffett's comments Saturday were "very bullish on Apple," Jim said Monday during the Club's "Morning Meeting." Free cash flow is generally defined as operating cash flow minus capital expenditures or cash spent on purchases of plant, property and equipment (PP & E). Berkshire currently owns about 5.66% of the 15.82 billion Apple shares outstanding, according to FactSet.
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.
Xifaxan sales were also up 7%. Internationally, reported Q1 sales of $247 million missed estimates but grew 1% compared to the year-ago period. Organic sales grew 5%, driven by strength in Canada and Europe. Organic sales grew 6%. Excluding Bausch + Lomb, the team reiterated their revenue guidance of $4.45 billion to $4.6 billion, as well as their adjusted EBITDA guidance of $2.3 billion to $2.4 billion.
The looming U.S. debt-ceiling crisis has ignited a new wave of uncertainty in the market this week, with all three major benchmarks under pressure Tuesday. That's the biggest lesson learned from the debt-ceiling crisis of 2011, which was characterized by similar political dynamics. Nonetheless, stocks mounted a recovery in the fall of 2011, with the S & P 500 finishing the year essentially flat. We expect the current crisis to ultimately yield a similar result — both in terms of a political resolution and a buying opportunity in the interim. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Employee Monitoring and Surveillance
  + stars: | 2023-05-01 | by ( ) www.reuters.com   time to read: +50 min
Ensuring Employee Safety and Systems SecurityEmployers may use electronic workplace monitoring and surveillance to protect their:Worksites. Potential Liability for Electronic Workplace Monitoring and SurveillanceEmployers that engage in electronic workplace monitoring and surveillance must comply with various federal and state laws, including:The Wiretap Act. Best Practices for Electronic Workplace Monitoring and SurveillanceTo avoid violating relevant state and federal laws, before conducting workplace monitoring and surveillance, employers should:Consider the purpose and appropriate scope of their monitoring and surveillance activities and what methods will help them achieve their objectives. Determine the Purpose of Workplace Monitoring and SurveillanceBefore conducting any workplace monitoring or surveillance, best practice is for employers to identify the purpose and goals of these activities to:Ensure that there is a legitimate business purpose for the planned monitoring and surveillance activities. Determine the scope of monitoring and surveillance necessary to accomplish the business purpose, and conduct only the minimum monitoring and surveillance necessary to meet that business need.
"Simply stated we're in a freight recession." That line, uttered last Monday by Shelley Simpson, president of J.B. Hunt (JBHT), the fourth-largest trucking company in the United States, was the most memorable of the real first week of earnings season. If so, it would know that we're dealing with much more than a freight recession. It's not enough to offset the immense deflationary pressure emanating from the regional banks and the freight recession described by J.B. Hunt. 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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Alvin Bragg, Manhattan district attorney, had filed a lawsuit seeking to block a subpoena issued to a former prosecutor. Photo: Stephanie Keith/Bloomberg NewsManhattan District Attorney Alvin Bragg and U.S. Rep. Jim Jordan (R., Ohio) on Friday agreed to an arrangement in which a former Trump prosecutor will testify before a House committee, ending litigation over the matter. Under the settlement, the deposition of former prosecutor Mark Pomerantz , who worked on the probe of Donald Trump for Mr. Bragg’s predecessor, Cyrus Vance Jr ., will go forward on May 12, according to a spokesman for Mr. Jordan. “We look forward to his appearance,” the spokesman said.
Stocks stuck to a holding pattern this week as investors brace for an incoming wave of Big Tech earnings and the Fed's favorite inflation reading. Earnings reports have generally been better than expected so far this first quarter. Humana (HUM) reports before the bell Wednesday; Meta Platforms and Pioneer Natural Resources (PXD) report after the bell Wednesday. ET: Personal Spending & Income (includes PCE Price Index) Club trades this week Just one trade: We added 150 shares of Coterra Energy (CTRA) on Wednesday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Stocks fall on earnings Emerson upgrade Danaher readthrough 1. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Qaem-5 precision-guided munition, documented by Conflict Armament Research in Ukraine. Shahed-131 UAV documented by Conflict Armament Research in Ukraine. Circuit boards of four different items of Russian military equipment found in Ukraine by Conflict Armament Research investigators. Electronic components documented by Conflict Armament Research investigators in Ukraine. Source: Conflict Armament Research
How are we approaching the market week ahead? I also explained that we are indeed in a bull market, but that things could get a bit rocky from here. Analyst Matthew Boss also increased his price target by a buck to $29, citing favorable risk-to-reward setup at current stock price. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.
Chloe Bailey makes solo album debut with 'In Pieces'
  + stars: | 2023-03-28 | by ( Alicia Powell | ) www.reuters.com   time to read: +3 min
[1/2] Chloe Bailey, also known by her stage name Chloe, sits for a portrait at Sony Music global headquarters in New York City, U.S., March 6, 2023. REUTERS/Shannon StapletonNEW YORK, March 28 (Reuters) - U.S. singer and actress Chloe Bailey, half of sister R&B duo Chloe x Halle, releases her debut solo album on Friday, a record whose message she says is: it is OK to show your vulnerable side. We all have scars but it's just who wears it the best," Bailey said in an interview. "The creative side didn't feel different, but (not) having the moral support and the validation from someone who's been my best friend since I was a little girl ... that was incredibly scary," Bailey said of doing the album solo. Bailey has faced a backlash over her covers of classic songs "Feeling Good" and "Lovin' You", as well as her revealing outfits.
We're buying 25 shares of Johnson & Johnson (JNJ) at roughly $153.55 each. We chose Johnson & Johnson . JNJ YTD mountain Johnson & Johnson (JNJ) YTD performance Johnson & Johnson has had its struggles this year due to an overhang related to talc litigation . Later this year, J & J will separate its consumer health business, which will be called Kenvue, from its pharma and medtech business, which will keep the Johnson & Johnson name. For example, J & J should be able to allocate more resources to research and development (R & D), while Kenvue can look for more bolt-on acquisitions to boost growth.
Morgan Stanley's Adam Jonas raises his price target on Ferrari (RACE) to $310 per share from $280. Pfizer (PFE) started with a neutral (hold) rating. Jefferies downgrades RH (RH), formerly known as Restoration Hardware, to hold, price target to $298 per share on concerns the luxury market is struggling to stabilize. Calls the chipmaker top cloud pick with a $275-per-share price target, ahead of multiple catalysts. General Electric (GE) coverage transferred at JPMorgan, which maintains neutral (hold) rating but increases price target to $88 per share.
Eric R. Holder Jr. was found guilty last year of first-degree murder in the shooting death of hip-hop artist Nipsey Hussle. A Los Angeles judge on Wednesday sentenced the man convicted of gunning down rapper Nipsey Hussle to 60 years to life in prison. Superior Court Judge H. Clay Jacke II handed down the of-delayed sentence to Eric R. Holder Jr ., who was found guilty of the 2019 first-degree murder of the 33-year-old Grammy-nominated hip-hop artist outside the clothing store Hussle founded, the Marathon, in the South Los Angeles neighborhood where both men grew up in very similar circumstances.
The richest Black mothers and their babies are twice as likely to die as the richest white mothers and their babies. Yet there is one group that doesn’t gain the same protection from being rich, the study finds: Black mothers and babies. The researchers found that maternal mortality rates were just as high among the highest-income Black women as among low-income white women. The richest Black women have infant mortality rates at about the same level as the poorest white women. Generally, rates for Hispanic mothers and Asian mothers track more closely with those of white mothers than Black mothers.
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.
"It's a new day in search," Microsoft CEO Satya Nadella said Tuesday during an AI event held at the company's headquarters, saying that the "race starts today." So far, Microsoft is making significant headway within AI and rising in popularity in the tech world. Alphabet, he added, "got beaten to market by Microsoft" despite its investments in the space. Alphabet Microsoft may be taking the lead on AI in the near term, but investors shouldn't sleep on Alphabet just yet. "We believe GOOGL has the AI tech and scale to maintain/grow its leading user base," said Morgan Stanley's Brian Nowak in a Thursday note.
AAPL YTD mountain Apple's stock performance year-to-date. AMZN YTD mountain Amazon's year-to-date stock performance. SBUX YTD mountain Starbucks' year-to-date stock performance. F YTD mountain Ford's year-to-date stock performance. QCOM YTD mountain Qualcomm's year-to-date stock performance.
Alphabet (GOOGL) reported weaker-than-anticipated fourth-quarter results Thursday evening as a combination of foreign exchange headwinds and a slowdown in ad spending continued to plague the company. Bottom line This wasn't a great showing from Alphabet, but management's call with investors reassured us about the path ahead. The team said it will continue to invest in growth and the future — something we appreciate as long-term investors. While the effort to slow operating expense growth is underway, the team said the impact will become more visible in 2024. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Credit Suisse cuts price target on Club holding to $285 per share from $365. On the Tesla earnings call, Musk also defends his ownership of Twitte r. Says he's not worried about Tesla brand and reputation due to his political tweets. LVS price target raised to $65 from $53. Oppenheimer out with a hilarious Alphabet (GOOGL) price target cut to $130 per share from $135; keeps outperform (buy) rating. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
I do think that will happen even more in the week ahead as the Fed is in a blackout period. S & P Global PMI data is released for both services and manufacturing Tuesday. "The market continues to think the Fed does not have to administer as much medicine as the Fed tells us they plan to. Earnings, earnings, earnings Stocks were lower in the past week, with the S & P 500 off by 1.8%. "It's a mild earnings recession, but it's an earnings recession.
Piper Sandler raises price target on Club stock Cisco Systems (CSCO) to $49 per share from $47; keeps neutral rating. Wells Fargo has an overweight (buy) rating and a $125-per-share price target. Wells Fargo downgrades Pfizer (PFE) to equal weight from overweight (hold from buy), with a $4-per-share price target cut to $50. Bank of America lowers price target on TSLA shares to $130 each from $135. Jefferies is concerned, too; catch-up price target cut to $180 from $350.
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