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☆ Stocks making the biggest moves midday: Cisco Systems, Twilio, Super Micro Computer and more
▼ + stars: | 2024-02-15 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Super Micro Computer — The technology name added 8.5% after Bank of America said shares could rise to $1,040, a Wall Street high. For the recent quarter, Applovin reported earnings of 49 cents per share and $953 million in revenue. However, the company beat first-quarter earnings and revenue estimates. JFrog — The software development stock skyrocketed 25% after topping Wall Street's fourth-quarter estimates. That topped FactSet estimates 12 cents per share in earnings on $93 million in revenue.

Persons: Twilio, Applovin, Deere, Tripadvisor, Albemarle —, — Coinbase, —, JFrog, Penn, Jesse Pound, Hakyung Kim, Alex Harring, Michelle Fox, Brian Evans, Christina Cheddar Berk Organizations: Cisco Systems, Cisco, LSEG, Bank of America, Wells, Currency, Deere, Albemarle, JPMorgan, Chrysler, Fiat, Penn Entertainment, ESPN Bet Locations: North Carolina

☆ 5 hotel perks that make work trips both fun and productive for business travelers
▼ + stars: | 2024-02-15 | by ( Mariette Williams | ) www.businessinsider.com time to read: +8 min

Strong WiFi, a business center, and food service are some of the recommended perks. This article is part of "Business Travel Playbook," a series about making the most of work travel. Business travel slowed significantly when the pandemic hit in 2020, but it's rebounding. Last year, the Global Business Travel Association predicted global business-travel spending would reach $1.4 trillion in 2024 . She makes a point to explore a destination on each business trip, she said — even if she's been there before.

Persons: —, Karen Mitchell, Jen Catto, Jill Johnson, Johnson, Samantha Drucker, Catto, Mitchell, Drucker, she's Organizations: Service, Global Business Travel Association, Business, Institute for Entrepreneurial Leadership, Puget Sound Locations: New York, Florida, New Delhi, India, Oakland , California, Seattle

☆ New York City sues social media platforms over youth mental health crisis
▼ + stars: | 2024-02-14 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +4 min

CNN —New York City is suing a handful of social media networks, alleging their platforms’ designs exploit young users’ mental health and cost the city $100 million in related health programs and services each year. A growing number of families have sued social media companies, along with US states and municipalities, over the alleged impact on the mental health of their children. The city also released a social media action plan that highlights how it plans to hold social media companies accountable, provide education and support to young people and families, and study the long-term impacts of social media on youth. Last month, Mayor Adams called social media a “public health hazard” and an “environmental toxin” during his State of the City address. The lawsuit also builds on last year’s Surgeon General warning that declared social media a “profound risk of harm” for kids.

Persons: TikTok, Ed Adams, ”, Meta, Facebook –, “ We’ve, Mayor Adams, Adams, he’s, CNN’s Nic Anderson Organizations: CNN, New, Facebook, YouTube, , New York City, Yorkers, EU’s Digital Service Locations: New York City, New York, , New York, York City

☆ Cisco to lay off thousands of employees
▼ + stars: | 2024-02-14 | by ( Samantha Delouya | ) edition.cnn.com time to read: +2 min

CNN —Technology company Cisco announced Wednesday that it plans to lay off 5% of its global workforce, amounting to thousands of employees, as part of a company-wide restructuring. Cisco joins a long list of tech companies that have announced workforce cuts in recent months. Last year, the company announced it would acquire machine learning and cybersecurity company Splunk in a deal valued at $28 billion. “The combination of these two innovative leaders makes them well positioned to lead in security and observability in the age of AI,” Cisco said in a September press release announcing the deal. All told, more than 34,000 tech employees have been laid off since the start of 2024, according to data compiled by Layoffs.fyi.

Persons: “, Chuck Robbins, ” Cisco, Layoffs.fyi Organizations: CNN — Technology, Cisco, Google, PayPal

☆ Tarek El Moussa says he doesn't know how to make money on a starter home in California today
▼ + stars: | 2024-02-14 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +4 min

Business Insider spoke to Tarek El Moussa ahead of the release of his book, "Flip Your Life." El Moussa said building starter homes in California typically isn't profitable. "I can't tell you how to build a house in California today and make money unless it's a high-end home," El Moussa said. Tarek and Heather Rae El Moussa on "The Flipping El Moussas." Lisette GatliffFor El Moussa, remaining flexible as the market changes has been key to his success, particularly regarding location.

Persons: Tarek El Moussa, El Moussa, —, Heather Rae El Moussa, it's, Tarek, El, Redfin Organizations: Service, HGTV, Business, California El, Forbes Locations: California, Orange County, LA, Los Angeles, LA County, Orange

☆ Dan Niles is long 4 and short 3 of the Magnificent 7 stocks
▼ + stars: | 2024-02-14 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

The Satori Fund's Dan Niles is offering up his strategy for playing the Magnificent 7 stocks. The founder and senior portfolio manager told CNBC's " Squawk on the Street " on Wednesday that he's currently long Meta Platforms , Amazon , Nvidia and Microsoft and short Apple, Tesla and Alphabet . "We all know that earnings, short term, doesn't drive stocks," he said of his investing strategy. Nvidia and Meta Platforms have led the pack, jumping about 48% and 33%, respectively, while Apple and Tesla have slumped about 5% and 25%. Among his reasons for favoring Meta Platforms, the hedge fund manager highlighted the company's price-to-earnings ratio, which is only slightly above that of the S & P 500, and strong advertising numbers.

Persons: Dan Niles, CNBC's, he's, Tesla, Niles, Apple's, it's Organizations: Nvidia, Microsoft, Apple, Nasdaq, Meta Locations: Copilot, OpenAI

☆ AI is changing the cybersecurity industry. Why these two stocks look best positioned to capitalize
▼ + stars: | 2024-02-14 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

"As we move to cloud and generative AI, it opens up massive total addressable markets, where security just has to be done a different way." Palo Alto Networks and CrowdStrike have already surged more than 25% each only six weeks into the new year after proving among the best performers in the Nasdaq-100 in 2023. But arguably, companies offering all-in-one solutions to mounting cybersecurity threats are viewed as sitting in the most advantageous position. PANW YTD mountain Palo Alto Networks in 2024. This leading position is one reason Deepwater Asset Management's Doug Clinton retains a stake in Crowdstrike, along with Palo Alto Networks, in the core fund that he manages.

Persons: Ted Mortonson, Baird, Mortonson, Peter Weed, Bernstein, Morgan Stanley, Hamza Fodderwala, Hendi Susanto, Doug Clinton, JPMorgan's Brian Essex, CRWD, Essex, Michael Bloom Organizations: MGM Resorts, Caesars Entertainment, Microsoft, Palo Alto Networks, Nasdaq, Gamco Locations: cyberattacks, Palo, Crowdstrike

☆ Elad Gil, tech's biggest solo capitalist, sees an AI app wave coming
▼ + stars: | 2024-02-14 | by ( Darius Rafieyan | Samantha Stokes | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementThe year of the "AI app layer"Gil sees 2024 as the year that the “AI app layer” will start to crystalize, bringing the power of rapidly advancing foundation models to the masses. For someone with so much skin in the AI game, it’s notable that Gil’s portfolio does not include the big foundation models companies like OpenAI, Anthropic, and Cohere. Gil says he has been impressed with how quickly the legacy tech companies have moved to corner the market on cutting-edge AI research. But with the Biden administration’s more robust antitrust posture, Gil says there’s a lot of much-needed consolidation that’s not happening.

Persons: —, OpenAI, Elad Gil, Harvey, Character.ai, “ We're, ” Gil, ChatGPT, Gil, Gil's, ”, “ they’ve, Biden, there’s Organizations: Service, Business, Twitter, Mixer Labs, Google, Apple, Fortune, “ Enterprises Locations: Airbnb, MistralAI, Silicon Valley

☆ Wall Street learns an important lesson. Don’t fight the Fed
▼ + stars: | 2024-02-14 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

That sudden volatility highlights something that we often write about in Before the Bell: the major mismatch between policymaker and investor expectations for interest rate cuts this year. Federal Reserve officials, including Chair Jerome Powell, have repeatedly said they envision at most three rate cuts in 2024. Wall Street, meanwhile, has ignored those warnings and has opted to practice unflinching optimism instead. It’s not the first time they’ve had to learn an important lesson: Don’t fight the Fed. Bad for the markets, good for the Fed: Markets clearly don’t often take kindly to higher-for-longer interest rates, which can negatively impact earnings and stock prices.

Persons: New York CNN —, Jerome Powell, Dow, It’s, they’ve, Don’t, –, ”, Quincy Krosby, Arnim Holzer, José Torres, Chris Zaccarelli, doesn’t, ” Carl Icahn, Carl Icahn, Icahn, Chris Isidore, JetBlue’s, Samantha Delouya, Lyft, Erin Brewer Organizations: CNN Business, Bell, New York CNN, Federal Reserve, Nasdaq, of Labor Statistics, BLS, Treasury, LPL, Fed, Interactive Brokers, CPI, Independent, Alliance, JetBlue, Spirit Airlines, Analysts Locations: New York, December’s, “, ”

☆ Stocks making the biggest moves premarket: Lyft, Robinhood, Zillow, Kraft Heinz and more
▼ + stars: | 2024-02-14 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

In its most recent quarter, Lyft posted adjusted earnings of 18 cents per share, more than the LSEG consensus estimate of 8 cents per-share earnings. Revenue of $1.22 billion was in line with analysts' expectations. Robinhood Markets — Shares of Robinhood soared roughly 16.5% after the investing platform beat on earnings and revenue for the fourth quarter. Kraft Heinz — Shares declined more than 1% after the food company posted fourth-quarter revenue that missed expectations. However, adjusted earnings of 78 cents per share was a slight beat, compared to the 77 cents earnings per share expected by analysts.

Persons: Lyft, Robinhood, Angi, DaVita, FactSet, Kraft Heinz —, Kraft Heinz, Akamai, GoDaddy, SentinelOne, bitcoin, Microstrategy, Airbnb, Bernstein, Topgolf, LSEG, It's, — CNBC's Brian Evans, Alex Harring, Tanaya Macheel, Jesse Pound, Pia Singh, Samantha Subin Organizations: LSEG, FactSet, Akamai, Wall, Bank of America, Miners Iris Energy, Marathon Digital, MGM Resorts, Topgolf Callaway, Topgolf Callaway Brands, JPMorgan Locations: LSEG, China, U.S, Detroit

Meade, who is white, is charged with murder and reckless homicide in the December 2020 killing in Columbus of Goodson, who was Black. Meade maintains that he shot Goodson because he brandished a gun. Meade, who is a pastor at a Baptist church, shot Goodson six times, including five times in the back, as Goodson tried to enter his grandmother’s house, police have said. Goodson’s family and prosecutors have said he was holding a sandwich bag in one hand and his keys in the other when he was fatally shot. Rosser, when asked by prosecutors, said he did not see Goodson holding a gun and testified that he heard the gunshots but did not witness Goodson’s killing.

Persons: Tim Merkle, Casey Goodson Jr, Jason Meade, ”, Meade, Goodson, Mark Collins, Collins, Christopher Corne, Corne, Tamala Payne, Goodson’s, Ryan Rosser, Rosser, ___ Samantha Hendrickson Organizations: — Prosecutors, Facebook, Associated Press, America Statehouse News Initiative, America Locations: COLUMBUS , Ohio, Ohio, Columbus

☆ Opinion: Jon Stewart’s brilliant return
▼ + stars: | 2024-02-13 | by ( Opinion Bill Carter | ) edition.cnn.com time to read: +13 min

Jeff Kravitz/FilmMagic/Getty Images Stewart waves goodbye backstage after taping the last episode of "The Jon Stewart Show" in 1995. M. Caulfield/WireImage/Getty Images Stewart appears on an episode of CNN's "Crossfire" with Paul Begala, left, and Tucker Carlson in 2004. Ethan Miller/Getty Images Stewart signs an autograph on the Emmys red carpet in 2009. Zach Gibson/Getty Images Stewart appears on "The Late Show with Stephen Colbert" in 2019. Scott Kowalchyk/CBS/Getty Images Stewart smiles as Senate Majority Leader Mitch McConnell walks by him on Capitol Hill in 2019.

Persons: Bill Carter, CNN —, Bill Carter Bill Carter, Jon Stewart, ” Stewart’s, Stewart, “, ”, Joe Biden, Travis Kelce, ” Stewart, —, Abdel Fattah el, Biden, ” Jon Stewart, Victoria Will, College of William & Mary, William, Mary Athletics Stewart, Conan O'Brien, Lesly Weiner, Mike Piazza, Jeff Kravitz, Catherine McGann, Ron Galella, Jennifer Beals, Guillermo Diaz, Universal Pictures Stewart, Tracey McShane, Steve Eichner, Adam Sandler, Corey Sipkin, Paul Begala, Tucker Carlson, CNN Stewart, Stephen Colbert, Colbert, Scott Gries, Todd Plitt, Rob Corddry, Ed Helms, Samantha Bee —, Ethan Miller, Kevork Djansezian, Mark Peterson, Bill Kotsatos, Nathan, Maggie, Tomorrowland Speedway, David Roark, Benjamin Lowy, Bill O'Reilly, Jamie McCarthy, Valentino, Tracey, Jo, Anne McArthur, Barack Obama, Pete Souza, Trevor Noah, Noah, Brad Barket, Comedy Central Stewart, Alex Wong, Rossum, James Devaney, John Feal, Zach Gibson, Scott Kowalchyk, Mitch McConnell, McConnell, Bill Clark, Twain, Kevin Wolf, Matt Wilson, Donald Trump, Biden’s forgetfulness, Trump, Jack Paar, Dulcé Sloan Organizations: The New York Times, CNN, HBO, Comedy Central, “ CBS, Super, College of William &, Mary Athletics, MTV, Getty, Miramax, Everett, Universal Pictures, Sony Pictures, Television Critics Association, Caulfield, MTV Networks, Comedy, Tomorrowland, Walt Disney, Disney, Cancer Moonshot Initiative, New York Knicks, FealGood, CBS, Kennedy Center, Performing Arts, Daily, Democratic, Biden Locations: TikTok, Gaza, Mexico, Egypt, Williamsburg , Virginia, New York, Washington , DC, Florida, Washington ,, Pennsylvania

CHARLOTTE, N.C. (AP) — Criminal charges connected to a domestic violence case against Charlotte Hornets forward Miles Bridges were dropped Tuesday because of “insufficient evidence," court documents show. Bridges had been facing three charges for an alleged violation of a domestic violence protection order on Oct. 6, 2023, misdemeanor child abuse and injury to personal property. Later, the woman told prosecutors she was unsure how her car was damaged, according to court documents. He sat out all of the 2022-23 NBA season as a result of the domestic violence case from June 2022. The 25-year-old Bridges was also ordered to complete 52 weeks of parenting classes, 52 weeks of domestic violence counseling and 100 hours of community service as part of the agreement.

Persons: CHARLOTTE, Miles Bridges, Bridges, “, Samantha Pendergrass Organizations: Charlotte Hornets, Court, Superior, Hornets Locations: N.C, Charlotte Mecklenburg, Los Angeles

☆ Meghan, Duchess of Sussex, lands new podcast deal after parting ways with Spotify
▼ + stars: | 2024-02-13 | by ( Elizabeth Wagmeister | ) edition.cnn.com time to read: +3 min

CNN —Less than a year after Prince Harry and Meghan, Duchess of Sussex, ended their podcasting partnership with Spotify, Meghan has a new podcasting partner. Meghan will bring a new, yet-to-be-announced podcast to Lemonada Media, which issued a press release with the news on Tuesday. In addition to her new podcast, Lemonada will also stream “Archetypes,” Meghan’s podcast that debuted in 2022 on Spotify. Under the new creative partnership, Lemonada will begin streaming “Archetypes” this spring, handling ad sales and distribution. A spokesperson for Archewell Productions, the company founded by Harry and Meghan, did not respond to CNN’s inquiry regarding the terms of the deal.

Persons: Prince Harry, Meghan, Duchess of, Lemonada, Mariah Carey, Mindy Kaling, Issa Rae, Harry, “, ” Meghan, I’m, ”, Jessica Cordova Kramer, Stephanie Wittels Wachs, we’ve, Duchess, Sussex, Julia Louis, Dreyfus, Samantha Bee ” Organizations: CNN, Spotify, Lemonada Media, Archewell Productions, ” Lemonada, Netflix Locations: Duchess of Sussex, Lemonada, United States

☆ Outside the US, teens’ social media experiences are more tightly controlled
▼ + stars: | 2024-02-13 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +4 min

Here’s a closer look at how child safety is regulated on social media platforms in other parts of the world. “It will take a couple of years until the first round of the audits of social media companies mandated in the DSA are published,” he said. Can social media companies be sued in the EU? At the same time, however, China’s government also largely blocks access to social media platforms as part of its efforts to monitor and censor the internet. And in Brazil, a data protection law includes special protections for children’s data, including consent to share personal data.

Persons: Here’s, Apple –, what’s, haven’t, Fernando Hortal Foronda, ”, “, Asha Allen, Brian Fung, Clare Duffy Organizations: CNN, European, Meta, Apple, Digital Services, Companies, Big Tech, EU, European Consumer Organisation, DSA, ” Tech, European Commission, EU’s Digital Service, Centre of Democracy and Technology, Justice, European Union, Minor Protection Locations: EU, Centre of Democracy and Technology Europe, China, India, Brazil

☆ A typo in Lyft’s earnings release sends stock soaring – briefly
▼ + stars: | 2024-02-13 | by ( Samantha Delouya | ) edition.cnn.com time to read: +1 min

CNN —A typo in Lyft’s fourth-quarter earnings report caused the rideshare company’s stock to surge and then dramatically reverse course on Tuesday. In an earnings statement released after the bell, Lyft estimated its gross margin would expand by 500 basis points, or 5 percentage points. That sent the company’s stock shooting higher. On Lyft’s earnings call, held shortly after the release, the company’s chief financial officer, Erin Brewer, provided the correct estimate. “This is actually a correction for the press release,” Brewer said.

Persons: Lyft, Erin Brewer, ” Brewer, “ We’ve Organizations: CNN

☆ Stocks making the biggest moves premarket: JetBlue Airways, Arista Networks, Tripadvisor and more
▼ + stars: | 2024-02-13 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

Arista Networks — The computer networking stock dropped more than 7% even after the company topped fourth-quarter estimates. Arista Networks said it expected first-quarter revenue to range between $1.52 billion and $1.56 billion versus an estimate of $1.53 billion. Revenue of $2.14 billion was greater than the $2.08 billion expected by analysts polled by FactSet. For the current period, the company expected earnings to range between $130 million and $150 million versus a $174 million estimate. Molson Coors Beverage — Shares added nearly 3% after the beer maker posted a fourth-quarter earnings beat.

Persons: Carl Icahn, Goldman Sachs, Tripadvisor, Datadog, LSEG, ZoomInfo, Tim Hortons, Burger King, BTIG, Hakyung Kim, Alex Harring, Fred Imbert, Sarah Min, Michelle Fox Organizations: JetBlue Airways —, JetBlue Airways, Arista Networks, Revenue, Hasbro, LSEG, FactSet, ZoomInfo Technologies, Cadence, Design Systems, Lattice Semiconductor, Restaurant, Molson Coors Beverage

☆ Stocks making the biggest moves midday: JetBlue Airways, Shopify, Biogen and more
▼ + stars: | 2024-02-13 | by ( Hakyung Kim | ) www.cnbc.com time to read: +4 min

Shopify — The e-commerce company saw shares slide more than 10% after it gave a mixed forecast for the current quarter. The company did beat fourth-quarter earnings and revenue estimates. Arista Networks — The computer networking stock fell 4% despite topping fourth-quarter estimates. Marriott International — The hotel chain stock declined 5.7% after missing fourth-quarter revenue estimates. Biogen — The biotechnology stock slumped more than 6% after missing Wall Street's fourth-quarter estimates as revenue and profit declined from a year ago.

Persons: WK Kellogg, Shopify, Goldman Sachs, Marriott's, ZoomInfo, Carl Icahn, Wall, Tripadvisor, Horton, Lennar, Bruker, Microstrategy, CleanSpark, —, Macheel, Samantha Subin, Yun Li, Sarah Min, Alex Harring Organizations: Arista Networks, Marriott, ZoomInfo, —, LSEG, JetBlue Airways —, Hasbro, &, Toll, Cadence, Systems, Cadence Design Systems, Miners, Iris Energy

☆ Disneyland’s Mickey, Minnie, Donald and Goofy want to join a union
▼ + stars: | 2024-02-13 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

The union said on Tuesday that about 60% of the 1,700 Disneyland employees in the characters and parades departments have signed cards seeking a union representation election. Performers doing the same work at Disney World in Orlando, Florida, are already in a union and have been for years. And until recently the Disney World performers were paid more than their Disneyland counterparts, according to the union. The Disneyland performers had been getting $20 an hour until the union organizing drive began late last year. “But magic alone doesn’t pay the rent.”The union already represents some of the Disney World performers.

Persons: Mickey, Minnie Mouse, Donald Duck, ” Kate Shindle, ” Disney, Nelson Peltz, –, Samantha Delouya Organizations: New, New York CNN, Disney, Actor’s Equity Association, Disneyland, Council for Community, Economic Research, Actor’s Equity, CNN Locations: New York, Los Angeles, Orlando , Florida, Orange County , California, Orlando .

☆ Jon Stewart marks ‘The Daily Show’ return
▼ + stars: | 2024-02-12 | by ( Brian Lowry | ) edition.cnn.com time to read: +9 min

Jeff Kravitz/FilmMagic/Getty Images Stewart waves goodbye backstage after taping the last episode of "The Jon Stewart Show" in 1995. Corey Sipkin/NY Daily News Archive/Getty Images Stewart holds an award won by "The Daily Show" in 2003. M. Caulfield/WireImage/Getty Images Stewart appears on an episode of CNN's "Crossfire" with Paul Begala, left, and Tucker Carlson in 2004. Scott Kowalchyk/CBS/Getty Images Stewart smiles as Senate Majority Leader Mitch McConnell walks by him on Capitol Hill in 2019. Matt Wilson/Comedy Central's The Daily Show Jon Stewart is back on "The Daily Show."

Persons: Jon Stewart, Jack Paar’s, Stewart, “, Taylor Swift, ”, ” Stewart, Joe Biden, Donald Trump, Victoria Will, College of William & Mary, William, Mary Athletics Stewart, Conan O'Brien, Lesly Weiner, Mike Piazza, Jeff Kravitz, Catherine McGann, Ron Galella, Jennifer Beals, Guillermo Diaz, Universal Pictures Stewart, Tracey McShane, Steve Eichner, Adam Sandler, Corey Sipkin, Paul Begala, Tucker Carlson, CNN Stewart, Stephen Colbert, Colbert, Scott Gries, Todd Plitt, —, Rob Corddry, Ed Helms, Samantha Bee —, Ethan Miller, Kevork Djansezian, Mark Peterson, Bill Kotsatos, Nathan, Maggie, Tomorrowland Speedway, David Roark, Benjamin Lowy, Bill O'Reilly, Jamie McCarthy, Valentino, Tracey, Jo, Anne McArthur, Barack Obama, Pete Souza, Trevor Noah, Noah, Brad Barket, Comedy Central Stewart, Biden, Alex Wong, Rossum, James Devaney, John Feal, Zach Gibson, Scott Kowalchyk, Mitch McConnell, McConnell, Bill Clark, Twain, Kevin Wolf, Matt Wilson, Robert Hur’s, Trump, Dulcé Sloan, ” Jordan Klepper Organizations: CNN, Comedy Central, Kansas City Chiefs, San Francisco 49ers, College of William &, Mary Athletics, MTV, Getty, Miramax, Everett, Universal Pictures, Sony Pictures, Television Critics Association, Caulfield, MTV Networks, Comedy, Tomorrowland, Walt Disney, Disney, Cancer Moonshot Initiative, New York Knicks, FealGood, CBS, Kennedy Center, Performing Arts, Daily Locations: Williamsburg , Virginia, New York, Washington , DC, Florida, Washington ,

☆ How to make money investing in software stocks, according to Trivariate Research
▼ + stars: | 2024-02-12 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Investors looking to make money in the software space may want to consider this winning strategy, according to Trivariate Research. "Own Software stocks with low but accelerating revenue growth: Our work shows this is by far the best way to make money in software," wrote founder Adam Parker, highlighting a basket of stocks that have already been on a tear this year. Growth stocks across the board have rallied to start the year as artificial intelligence tailwinds persist, strong earnings drive expectations for ongoing growth and recent data points to signs of a robust economy. Zscaler and CrowdStrike are among the names included, with shares up 15% and 29%, respectively, since the start of 2024. Both companies are also coming off a strong 2023 in which shares rallied 98% and 142%, respectively.

Persons: Adam Parker, CNBC's Michael Bloom Organizations: Research

☆ Tiger Woods launches apparel partnership with Taylormade after 27-year Nike partnership ends
▼ + stars: | 2024-02-12 | by ( Samantha Delouya | ) edition.cnn.com time to read: +3 min

Los Angeles CNN —Tiger Woods has found a new look after splitting up with Nike, his longtime partner, last month. On Monday, Woods announced that he would be partnering with Taylormade to launch a new apparel brand — Sun Day Red. Courtesy Sun Day RedThe golf legend’s new brand partnership comes one month after Woods and Nike announced the end of their 27-year partnership. Even as a sex scandal nearly 15 years ago drove sponsors like Gatorade and AT&T away from Woods, Nike stood by Woods’ side. Sun Day Red will sell both athletic and lifestyle wear, according to Taylormade CEO David Abeles.

Persons: Woods, Taylormade, ”, ” Woods, David Abeles, Abeles, Bob Dorfman, “, Ramishah Maruf Organizations: Los Angeles CNN, Nike, Sun, Taylormade, Woods, Greater Milwaukee, Gatorade, CNN, Baker Locations: Los Angeles, Pacific Palisades, Woods

☆ Stocks making the biggest moves midday: New York Community Bancorp, Diamondback Energy, VF Corp. and more
▼ + stars: | 2024-02-12 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Bank of America also reiterated its neutral rating on Monday, while noting that leadership has "the playbook to turn things around." Diamondback Energy — The shale producer jumped 9.4% after announcing its purchase of Endeavor Energy, the biggest private company that produces natural resources from the Permian Basin. CymaBay Therapeutics , Gilead — Shares of CymaBay soared 25.4% after Gilead agreed to buy the drug developer. The deal comes as Gilead, whose shares were up around 1% in Monday's session, looks to expand beyond HIV drugs. Marqeta — The credit card technology stock added 5.7% after a Bank of America upgrade to buy from neutral.

Persons: Gilead, Bracken Darrell, Trimble, —, Joe Ahlersmeyer, Piper Sandler, Teva, Samantha Subin, Sarah Min Organizations: New York Community Bancorp, Bank of America, Endeavor Energy, CymaBay Therapeutics, Gilead, VF Corp, Reuters, Mohawk Industries, Deutsche Bank, Citi, Space Development Agency, Teva Pharmaceutical —, JPMorgan, Nvidia Locations: Israel

☆ The luxury home products that are actually worth splurging on
▼ + stars: | 2024-02-11 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +1 min

Luxury home products might seem like an extravagance. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIt's no secret people are drawn to luxury products for their homes. The luxury home market has eager consumers for subtly high-end and over-the-top products . Read on to see what pricey products are worth splurging on for your home in 2024.

Persons: Le Creuset, — Organizations: Service

☆ Tarek El Moussa has built a million-dollar real-estate empire thanks to HGTV. He said it took hitting rock bottom to get to where he is today.
▼ + stars: | 2024-02-10 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +9 min

AdvertisementAt the top of the book, El Moussa recounts his experience living in a partially bulldozed apartment when he was 20. It's a far cry from the multimillion-dollar homes he regularly flips with his wife, Heather Rae El Moussa, these days. "It was the most difficult period of my life," El Moussa told BI of the divorce. El Moussa eventually met former "Selling Sunset" star Heather Rae El Moussa (née Young) in 2019, and she brought him "back to life." AdvertisementHis commitment to putting his kids first is part of what makes El Moussa wake up so early each day.

Persons: Tarek El Moussa's, —, Tarek El Moussa, El Moussa, Slack, Lisette Gatliff El Moussa, El, Heather Rae El Moussa, Tristan, Christina Hall, Taylor, aimless, I've, Hall, Christina, Anne Cusack, née, El Moussas, Peter Tran, he's, Moussa, I'm Organizations: Service, HGTV, TMZ, Tarek Locations: It's, Newport , California, Fort Lauderdale , Florida, LA

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