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Rivian 's latest partnership with Volkswagen could prove a major boon for investors and the broader auto industry, according to some Wall Street analysts. As part of the plan, Volkswagen will inject $1 billion, followed by an additional $4 billion investment planned by 2026. RIVN 1D mountain Shares pop on Volkswagen venture But Wall Street views the deal as a potential turnaround opportunity that can help limit execution risks and uncertainties surrounding funding that have spooked investors in recent months. Big wins for the auto industry While the venture justifies Rivian's strategy, some on Wall Street anticipate potential big wins for the broader auto industry. He added that the venture also highlights the need for proprietary electronic control units and software.
Persons: Rivian, John Murphy, Ryan Brinkman, Dan Levy, Levy, Wells, Colin Langan, Morgan Stanley's Adam Jonas, Jonas, Tesla, Piper Sandler, Alexander Potter, America's Murphy Organizations: Volkswagen, Bank of America, JPMorgan, Barclays, Bank, Lucid Group Locations: China
To help you browse the best ones going on now, I've rounded up the best 4th of July sales below. Appliances including air conditioners and outdoor fire pits are down to excellent prices for the 4th of July. In time for the warming weather, I'm seeing some great price drops on air conditioner picks from our guides to the best portable air conditioners and the best air conditioner units. EcoFlow Wave 2 Portable Air Conditioner $1,199.00 $2,237.00 Save 46% The EcoFlow Wave 2 is the best battery-powered portable air conditioner we've tested. RumplThe best 4th of July outdoor and camping dealsSeveral stores are welcoming the warm weather and end of the school year by dropping prices on outdoor essentials, from accessories to full-size tents.
Persons: it's, We'll, BioLite, TCL, Rumpl, Kit Organizations: Business, Ikea's, Steam, LG, GE, Amazon Prime, Energy, Independence, Amazon, REI Locations: REI Outlet
That's why I've gathered some of our favorite 4th of July mattress sales from Leesa, Helix, Bear, Nolah, and Brooklyn Bedding below. Helix 4th of July dealsHelix Moonlight Mattress (Queen) $999.00 $1,332.00 Save 25% This mattress is soft and plush and best suited for back and stomach sleepers. View at HelixHelix Dawn Luxe Mattress (Queen) $1,780.30 $2,373.80 Save 25% For extra firm support, you'll want the Dawn mattress. Bear 4th of July dealsBear Mattress Pro (Queen) $949.00 $1,460.00 Save 35% After testing, we found the Bear Pro Mattress to be comfortable with its cooling, copper-infused foam. View at BearCheck out the full Bear Mattress sale here.
Persons: I've, We've, you'll Organizations: Business, Amazon Prime, Luxe Locations: Brooklyn
The project, from veteran filmmakers Alexandra Shiva and Lindsey Megrue, also had help from a Hollywood outsider: Northwell Health, New York's largest healthcare network. Ramon Soto, CMO, Northwell Health. "Lenox Hill" and "Emergency: NYC" followed, drawing on the popular hospital procedural format. Northwell's own research showed people who watched "Emergency: NYC" were 17% more likely to consider using Northwell services compared to those who hadn't seen it. Soto said the company has stuck to talking about mental health and other healthcare issues while avoiding being prescriptive in its messaging.
Persons: Max, Alexandra Shiva, Lindsey Megrue, Northwell, Oscar, Matthew Heineman, Ramon Soto, Lee S, Weissman, Northwell isn't, Marvel Northwell, Soto, Heineman, they're, Jen Cowan, Bud, it's Organizations: Service, Psych Unit, HBO, Netflix, Business, Northwell, Marvel, Nielsen, HBO Warner Bros, Hollywood, Disney Locations: Hulu, North Shore, Northwell's
Jim Cramer's top picks for pet-centric stocks
  + stars: | 2024-06-25 | by ( Julie Coleman | ) www.cnbc.com   time to read: +2 min
As some of the market's hottest stocks take a pause, CNBC's Jim Cramer on Tuesday told investors it may be wise to get into some "slowdown stocks," like companies with products related to pets. Cramer suggested the "post-Covid drought" in these stocks could be over and pinpointed three: online retailer Chewy , animal health care company Elanco and J.M. Smucker, which owns pet food brands alongside its namesake jelly products and snacks for people. Smucker's efforts to trim down its pet food portfolio. "I'm going with Smucker because of its distinctive shrink-to-grow-more-profitably lucrative narrative in pet food," he said.
Persons: Jim Cramer, Cramer, Eli Lilly, Elanco, J.M, Smucker
Advertisement'Bridgerton' provided escapist entertainment during a period of isolationPhoebe Dynevor as Daphne Bridgerton and Regé-Jean Page as Simon Basset in season one of "Bridgerton." Will Tilston, Florence Hunt, Luke Thompson, Ruth Gemmell, Luke Newton, and Nicola Coughlan in "Bridgerton" season three. Not only did "Bridgerton" fans read the novels, but they showed off the books themselves — original editions, newer covers, and limited edition variant box sets — on BookTok. Bath & Body Works teamed up with "Bridgerton" to create a 36-piece collection of candles, body care, and more. Not only did Bath & Body Works' "Bridgerton" products sell well, Cooper said, but they helped attract younger customers to stores thanks to promotional efforts on social media, where the "Bridgerton" campaign was the company's "most engaged" effort of the year.
Persons: Jonathan Bailey, he'd, Anthony Bridgerton, Bailey, Julia Quinn's, It's, That's, Charlotte, Phoebe Dynevor, Daphne Bridgerton, Jean Page, Simon Basset, Liam Daniel, Bridgerton, Chris Van Dusen, Rhimes, Cat Quinn, Quinn, Will Tilston, Florence Hunt, Luke Thompson, Ruth Gemmell, Luke Newton, Nicola Coughlan, Netflix Julia Quinn's, Penelope Featherington, Shondaland, Cassandra Morales Thurswell, Daphne Bridgerton's, Tea, Colin Bridgerton, Eloise Bridgerton, Francesca Bridgerton, Earl Grey, Kristina Tucker, Maurice Cooper, , Cooper, Kendall Coleman, Williams, Mary McNamara, Melody Morton, Lush, Penelope Featherington cleanser, Hannah Dodd, Jessica Madsen, Bryan Bedder, Ladurée, Kiko Milano, influencers, Miley Cyrus, Billie Eilish's, Lady Whistledown's, Madsen, Dodd Organizations: Business, Netflix's, Netflix, Quinn's New York Times, New York Times, Republic of Tea, Body Works, Body, Williams, Los Angeles Times, Bath Locations: Morocco, England, COVID, BookTok, Republic, New York, Bath, New York City
LVMH is the world's largest luxury goods conglomerate. It's owned by Bernard Arnault, the world's third-richest person. LVMH's portfolio includes 75 different brands, spanning fashion, Champagne, cosmetics, and more. AdvertisementBernard Arnault, the world's third-richest person and the wealthiest outside the US, heads the world's largest luxury goods conglomerate. LVMH owns iconic brands such as Louis Vuitton, Dior, and Moët-Chandon.
Persons: LVMH, Bernard Arnault, Louis Vuitton, Sephora, Organizations: Dior, Service, Business
CNBC's Jim Cramer on Tuesday opined about his long-standing faith in Nvidia stock, even as the company shed significant market cap this week. "I'm simply going to stick with the stocks of the best companies in the market." Nvidia hit a $3.34 trillion valuation last week, surpassing Microsoft to become the largest company in the world. Cramer suggested that this data had a ripple effect across other consumer and housing-oriented stocks such as Lowe's , Home Depot and Fortune Brands . Cramer added that Nvidia and its megacap peers that can "pay cash" aren't concerned with interest rates.
Persons: CNBC's Jim Cramer, I'm, FactSet, Cramer, aren't Organizations: Nvidia, Microsoft, Corp, Depot, Fortune Brands, Pool Corp
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Farm-to-table dining is a way of life in France, both in restaurants and at homeI shop at farmers markets regularly. Related storiesWith two farmers markets weekly per neighborhood in Paris, I also now think in terms of seasons when it comes to food. Kasia DietzOne of the most significant lifestyle changes I've made since moving to Paris is connected to sustainability. To further celebrate local design, I even lead custom fashion tours to introduce visitors to unique and ethically-minded Parisian brands.
Persons: , Mais, I'm, Kasia Dietz, I'd, me, I've Organizations: Service, Paris ., EU, Business, New Yorker Locations: Paris, France, New York City, New York, Bordeaux, Burgundy, Candelaria, moonlighting, Western Europe, New
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Why water is the best drink during a heat wave
  + stars: | 2024-06-25 | by ( Katia Hetter | ) edition.cnn.com   time to read: +8 min
We know that keeping hydrated is important to staying healthy in the summer heat, but is water still the best drink during a heat wave? CNN: When it’s really hot outside, is water still the best fluid, or should people turn to sports drinks? Energy drinks are different from sports drinks, which are meant to help you restore water and electrolytes. I urge parents to be careful to distinguish between sports drinks and energy drinks. Sports drinks probably aren’t needed, and, again, it’s advisable for children to avoid energy drinks.
Persons: Leana Wen, Wen, What’s, Frederic J . Brown Organizations: CNN, George Washington University, US Centers for Disease Control, CDC, American Academy of Pediatrics, Getty, Sports Locations: AFP
“We felt this was a more modern, fresh and relevant vibe to start connecting with new consumers, while also servicing our guests that are tried-and-true Perkins loyalists.”A rendering of a new Perkins American Food Co., which will debut later this year. Aria Group and Perkins American Food Co. Aria Group and Perkins American Food Co.“We know that value is so critical right now and we’re very mindful of that,” she said. The firm is investing in the classic American brand that’s been marred with financial issues, including two bankruptcies, following a disastrous 2006 merger with Marie Callender’s. “We really feel that this iteration of ‘Perkins American Food Co.’ is going to marry tradition and innovation and keep us true to who we are,” she said.
Persons: Perkins, Toni Ronayne, , ” Ronayne, Ronayne, It’s, , David Henkes, Baby, Marie Callender’s, “ Perkins, it’s, Organizations: New, New York CNN —, Perkins, “ Perkins, Food Co, CNN, Perkins American Food Co, Aria, Dine Brands, Baby Boomers, Ascent Hospitality Management, Watch, ‘ Perkins Locations: New York, Orlando , Florida, Cincinnati , Ohio
The media company first made a name for itself by distributing high-school sports videos, then producing its own shows and operating its own sports leagues. Rutstein, who worked at Adidas and Reebok before Overtime, said the company distinguishes its merch by focusing on quality. Advertisement"When we first started, I said, we're not going to be a media company that just does merch," Rutstein told Business Insider. Advertisement"Through partnerships, we've been able to expand our audience, of course, to these brands that are either legacy or heritage streetwear brands," Rutstein said. Other brands Overtime has partnered with include BAPE, a Japanese clothing brand; PSD Underwear, which makes underwear and activewear; 7-Eleven, a convenience store chain; and Billionaire Boys Club, a fashion label founded by singer-songwriter Pharrell Williams.
Persons: , Tyler Rutstein, Rutstein, we're, SpongeBob, we've, Pharrell Williams, that's Organizations: Service, Paramount, Business, Adidas, Reebok, Billionaire Boys Locations: merch
Learn moreWe don't have long left to wait for this year's summer sales bonanza, as Bezos and the gang have just confirmed the Amazon Prime Day deals event for July 16 and 17. As the name suggests, the Prime Day deals will be exclusively available to members of Amazon Prime. Prime Day deals starting alreadyAmazon has set up an early landing page for various early Prime Day deals promotions. We'll update our roundup of the best early Prime Day deals as the event approaches in mid-July. We're talking about discounted MacBooks and Airpods for Apple Prime Day deals.
Persons: We've, Dyson, we'd, you've Organizations: Business, Amazon Prime, Black, Apple Prime, Day
Goldman Sachs initiated coverage of Disney with a buy rating and a price target that implies more than 20% upside. Elsewhere, Piper Sandler raised its price target on Uber, calling for nearly 25% upside. Analyst Jonna Kim simultaneously raised her price target to $30 from $28, citing a likelihood in earnings upside. As a catalyst, Kim cited "potential upside to FY24 Street estimates given solid topline momentum combined with margin expansion on continued inventory & expense management." — Lisa Kailai Han 5:41 a.m.: Goldman Sachs initiates Disney with a buy rating Disney has room for upside growth ahead, according to Goldman Sachs.
Persons: Goldman Sachs, Raymond James, Piper Sandler, TD Cowen, Jonna Kim, Kim, Lisa Kailai Han, Jeff Chung, Chung, — Lisa Kailai Han, Ranjan Sharma, Sharma, Uber, Thomas Champion's, AMZN, Michael Ng, Ng, Raymond James downgrades, RJ Milligan, Milligan, PENN, Fred Imbert Organizations: CNBC, Disney, Penn Entertainment, Navy, Citi, IHS, Volkswagen, JPMorgan, Google, Yahoo, Uber, ESPN, Netflix, Disneyland, Raymond James downgrades Penn Entertainment, NFL, Penn Locations: 2024E, 2025E, Singapore, TikTok, Indonesia, Philippines, Malaysia, Monday's
The fruity energy drink debuts less than two months after bakery-cafe chain Panera Bread announced it was discontinuing its controversial Charged Lemonade, a beverage that lawsuits blamed for two deaths and referred to as a "dangerous energy drink." The Iced Energy comes in three flavors, including its most caffeinated flavor, Tropical Citrus, which has 205 milligrams of caffeine, according to Starbucks' website. Panera started phasing out the Charged Lemonade on May 7, and it has denied any wrongdoing, saying it removed the beverage as part of a broader menu transformation. Except for its Frozen Tropical Citrus Iced Energy with Strawberry Puree, Iced Energy is sugar-free, containing artificial sweeteners. Charged Lemonade and Iced Energy are part of a growing category called "functional beverages" that chains big and small are eager to jump into, according to experts.
Persons: Brian Warrener, Panera, Dunkin, Bull Organizations: Starbucks, Energy, Center for Beverage Education, Innovation, Johnson & Wales University, Consumers, Drug Administration, American Academy of Pediatrics Locations: Providence , Rhode Island, Chicago, Russia, U.S, Coke
Lara WalshBefore my appointment, my personal stylist, Kalyn, texted me directions to the changing room in the store's contemporary section. Lara WalshThere were also quite a few menswear-inspired work pieces, including jackets, trousers, and shirt dresses. My appointment at Saks felt a little more glamorousMy Saks appointment was at the department store's Fifth Avenue Club. In fact, two of my favorite pieces didn't jump out at me on the hanger and probably weren't things I would've chosen myself. AdvertisementOverall, I think the personal-styling appointments are great for those who want a wardrobe refresh but aren't sure where to start.
Persons: , Nordstrom, Lara Walsh, Kalyn, she'd, didn't, I'd, John, Lara Walsh John, who's, Carrie Bradshaw Organizations: Service, Business, Saks, Avenue Club
Moreover, the partnership will enable Rivian to cut operating costs by leveraging volumes of supplies including chips and components, he said. It will also help Rivian, known for its flagship R1S SUVs and R1T pickups, turn cashflow positive. Volkswagen will immediately invest $1 billion in Rivian through a note that will convert to stock on Dec. 1, subject to regulatory approvals. The German automaker will also invest $2 billion in Rivian stock - $1 billion each in 2025 and 2026 - subject to the startup hitting certain milestones, and provide a $1 billion loan in 2026. Rivian stock has halved so far this year.
Persons: Stephane Mahe, RJ Scaringe, Vitaly Golomb, Herbert Diess, Diess, Rivian, Scaringe, Sam Fiorani, Mavka Capital's Golomb, VW's Cariad, Abhirup Roy, Ben Klayman, Noel Randewich, Christina Amann, Harshita Varghese, Sayantani Ghosh, Rod Nickel, Matthew Lewis, Leslie Adler Organizations: Volkswagen, REUTERS, Reuters, JV, Audi, Porsche, Lamborghini, Bentley, Volkswagen Group, Mavka, VW, AutoForecast Solutions, Traders, S3 Partners, Rivian, Thomson Locations: Reze, Nantes, France, Europe, Asia, North America, U.S, German, South Carolina, San Francisco, Detroit, Oakland , California, Berlin, Bengaluru
Here's an update on the chart in a breakout shoemaker that is giving Nike a run for its money. In May, I wrote about On Holding AG (ONON) ahead of its earnings with a buy recommendation. You'll notice that the stock popped on the week of May 14th following the earnings report above the 2023 highs of $36.90. Looking at the valuation, NKE is trading about 26 times 2024 expected earnings and 25 times 2025 expected earnings. DECK is ranging from 10% to 20% revenue growth from the same period last year and ONON is running from 20% to 33% revenue growth.
Persons: NKE, outperformance, ONON, Roger Federer, Todd Gordon, Gordon Organizations: Nike, Holding, Inside Edge, CNBC, NBC UNIVERSAL
The game, called The Big Silly Trivia Game, is one of a new set of groups and activities aimed at helping millennials and Gen Z make friends during the loneliness epidemic. While other trivia games like now-defunct HQ Trivia have used live mobile games to draw viewers, The Big Silly Trivia Game wants to fill a hole of questions geared to young women's interests, including nostalgia. While The Big Silly Trivia Game is virtual, Shine has focused on ways to connect people during it. Creators on a Saie Beauty brand trip played a game of The Big Silly Trivia Game The Big Silly Trivia GameShine also recently hosted a game during an event that beauty brand Saie Beauty held in New York's Catskills area. The Big Silly Trivia Game is also getting into real-life events.
Persons: , Natalie Shine, Shine, Z, Rocky's Matcha, Emmett Shine, Korula, Jess Butler, Hayes Flanagan, they're, what's, Merv Griffin, Carrie Bradshaw, she's Organizations: Service, Business, Shine, Netflix, Instagram, Brands, Soft Services Locations: millennials, New York's, New York
TubeMogul was competing for an ad tech partnership with Netflix, so Lee learned about the company's own technology and culture. Lee started working at Netflix on its digital marketing programmatic buying team in 2014, earning a salary of $110,000. "It was actually perfect timing that I got laid off," Lee says of being part of Meta's November 2022 job cuts. While she wants to continue increasing her salary, money alone isn't enough. On her TikTok, YouTube and Instagram accounts, Lee shares career and lifestyle advice based on her experiences.
Persons: Sora Lee, Lee, Mickey Todiwala, she'll, hustles, Lee didn't, she's, you've, TubeMogul, Andrew Evers, Lisa Setyon, haven't, Jackson, Tesla, doesn't, I'm, Lee isn't Organizations: CNBC, University of California, TikTok, ByteDance, Netflix, Meta, Facebook, Child, Savings, Porsche, YouTube Locations: Berkeley, South Korea, San Mateo , California, TikTok, RSUs, TubeMogul, New York, Austin , Texas, Los Angeles, Meta's, Lake Tahoe, U.S
Barnum meeting Florenz Ziegfeld and together they hatch a fashion show, and you’ll get the idea. Like the Met Gala, Vogue World, which was previously held in New York and London, is a live expression of Vogue’s power and an effort to position the magazine as an arbiter of influence, culture and people. Like the Met’s annual fund-raiser, it involves great eye candy, in terms of both clothes and celebrity. Unlike the Met, however, anyone who can afford a ticket, or wants to watch the livestream from afar, can get inside. Can be part, that is to say, of Vogue’s world.
Persons: Anna Wintour, Condé Nast, Barnum, Florenz Ziegfeld, you’ll, nob, Emma Chamberlain, Selma Blair, Russell Westbrook, Ms, Wintour, John Galliano —, , Pharrell Williams, Louis Vuitton Organizations: Vogue, Ritz Locations: Paris, New York, London
A collection of stocks with strong earnings potential and discounted valuations may be a good way for investors to find value in the market. CVX YTD mountain Chevron stock. FDX YTD mountain FedEx stock. Altria Group is the most discounted stock on the list, with the stock's trailing 12-month P/E representing a 116% haircut compared with its five-year average. MO YTD mountain Altria Group stock.
Persons: Peer, haven't, Mike Wirth, Thomas Wadewitz Organizations: Nvidia, Broadcom, Qualcomm, CNBC Pro, CNBC, Stock, ., Chevron, Exxon Mobil, FedEx, UBS, U.S . Postal Service, Altria, U.S . Food, Drug Administration, Conagra Brands, Marathon Petroleum Locations: U.S
She told Business Insider she worked 16 hours a day some days and often worked weekends. Rodriguez told BI they'd been working hard on a new project just before being let go. AdvertisementWith her new business, Rodriguez thought she needed to stay in New York to meet clients in person. She took a solo trip to GreeceRodriguez decided to attend a friend's birthday party in Greece in June 2021. She'd never visited the country before and decided to take a 10-day solo vacation to Greece around the party.
Persons: , Marissa Rodriguez, Rodriguez, she'd, Chris Burch, Wonder, Sofia Vergara, Renata Black's, Greece Rodriguez, She'd, New York —, couldn't Organizations: Service, New York University, Business, C.Wonder Locations: Puerto Rico, Manhattan, New York, Greece, America, Athens, there's, New York City
The Google-owned video platform dominated streaming TV viewing for all of 2023, ahead of Netflix, by one widely cited measurement. It also only includes free YouTube, not YouTube TV, YouTube's pay TV service. With those platforms included, YouTube takes second place in monthly TV viewing, behind linear giant Disney, with an 11.5% share. In 2023, YouTube reached a deal to make NFL's Sunday Ticket games an add-on for YouTube TV subscribers. YouTube TV is a $72.99 a month bundle of TV channels.
Persons: , It's, Here's, Nielsen, isn't, it's, influencers, Gen, Zers, alums Organizations: Service, YouTube, Google, Netflix, Disney, Warner Bros, Paramount, NFL, Business, Showtime, Starz, Procter, Procter & Gamble, Nielsen, Hollywood, Madison Ave, Read, Shorts, Warner Bros ., Deloitte, Alpha Locations: Procter &, Netflix's
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