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☆ Atlanta Hawks land No. 1 pick in 2024 NBA Draft Lottery despite 3% odds
▼ + stars: | 2024-05-13 | by ( Homero De La Fuente | ) edition.cnn.com time to read: +1 min

CNN —The Atlanta Hawks will be selecting first in the 2024 NBA Draft after winning the Draft Lottery conducted at the McCormick Place Convention Center in Chicago on Sunday. Atlanta had a 3% chance at landing the top pick after finishing 10th in the Eastern Conference this season with 36-46 record. The Hawks have never had the first pick since the NBA moved to a Draft Lottery in 1985. The Washington Wizards, who were tied with the Detroit Pistons for the highest odds to land the top pick at 14%, will have the second pick. The 2024 NBA Draft will take place from June 26-27, in the first-ever two-day event at Barclays Center in Brooklyn, New York.

Persons: David Thompson, Victor Wembanyama, Alex Sarr Organizations: CNN, The Atlanta Hawks, Sunday, Atlanta, Eastern Conference, Hawks, Orlando Magic, NBA, Washington Wizards, Detroit Pistons, Houston Rockets, San Antonio Spurs, Pistons, Barclays Center Locations: McCormick, Chicago, N.C . State, Brooklyn , New York

☆ Congressmen demand answers after CNN report contradicts Pentagon investigations into deadly Kabul airport attack
▼ + stars: | 2024-05-08 | by ( Nick Paton Walsh | Mick Krever | ) edition.cnn.com time to read: +10 min

The reporting included a video obtained by CNN captured by a Marine’s GoPro camera that had not been seen publicly in full before. Much of the controversy about the Pentagon’s two investigations into the attack has focused on gunfire in the aftermath of the blast. “Lastly, why do journalists have this video footage and the Department does not? The recent discovery of new video released by CNN directly contradicts and exposes outright lies from our recent briefing last month from CENTCOM officials,” the Gold Star families said in a statement they sent to CNN. Haroon Sabawoon/Anadolu Agency/Getty Images/FileThe evidence also suggests the Pentagon may have more video footage than it has acknowledged in public.

Persons: Defense Lloyd Austin, Austin “, –, ”, Mike Waltz, Darrell Issa, Tim Burchett, Brian Mast, Rich McCormick, Keith Self, Cory Mills, Chris Smith –, Sayed Ahmadi, Ahmadi, “, ” James Adams, Hamid, Jared Schmitz, Humberto Sanchez, Taylor Hoover, Nicole Gee, Kareem Nikoui, Hunter Lopez, Rylee McCollum –, Biden, Erik Kurilla, CENTCOM, I’m, Haroon Sabawoon, Rob Lodewick, ” Lodewick Organizations: CNN —, Defense, CNN, Pentagon, House Foreign Affairs, Command, Marines, House Foreign Affairs Committee, Department, Gold Star, Department of Defense, Biden Administration, “, Anadolu Agency, Getty, Army, DoD, Service Locations: Kabul, Afghanistan, US

☆ Tesla Chairwoman Robyn Denholm has sold over $50 million worth of stock in 2024
▼ + stars: | 2024-05-07 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +3 min

Tesla Chairwoman Robyn Denholm has just sold $17.3 million worth of her shares in the electric vehicle maker, according to a filing Monday, bringing her total stock sales this year to more than $50 million. Former Tesla Senior Vice President Drew Baglino, who announced his resignation in mid-April, sold shares worth around $181.5 million soon after his departure, according to a filing. In Denholm's early years on the Tesla board, she served on the audit committee. Before joining the Tesla board, Denholm served in executive roles at Sun Microsystems, and in finance roles at Toyota in Australia and at accounting firm Arthur Andersen. In her opinion, Chancellor Kathaleen McCormick wrote that by serving on Tesla's board, Denholm received "life-changing" compensation, which "far exceeded the compensation she received from other sources."

Persons: Robyn Denholm, Tesla, Denholm, Drew Baglino, Kathleen Wilson, Thompson, Elon Musk, hasn't, Musk, Arthur Andersen, —, Chancellor Kathaleen McCormick Organizations: Tesla Inc, American, of Commerce, Tesla, SEC, Sun Microsystems, Toyota Locations: Australia, Sydney, what's, Delaware

☆ The husband and wife team behind 'The Fall Guy' reveal how their own love affair inspired stars Emily Blunt and Ryan Gosling
▼ + stars: | 2024-05-03 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +8 min

Their latest film, "The Fall Guy," looks to continue that streak of success. 'The Fall Guy' evolved from film noir to action rom-comRyan Gosling plays stuntman Colt Seavers in "The Fall Guy." Eric Laciste/Universal Pictures"The Fall Guy" movie adaptation had been bouncing around Hollywood for decades, with everyone from Nicolas Cage to Dwayne "The Rock" Johnson attached to star. AdvertisementIn "The Fall Guy," Gosling's Colt must clear his name after footage appears to implicate him in the death of another stuntman. AdvertisementThe Taylor Swift song "All Too Well" wasn't originally in the movieRyan Gosling and Emily Blunt in "The Fall Guy."

Persons: —, David Leitch, Kelly McCormick, they've, Shaw, Guy, it's, Lee Majors, Colt Seavers, Ryan Gosling, Jody Moreno, Emily Blunt, Leitch, McCormick, who's, Brad Pitt, McCormack, Gosling, Blunt's, Eric Laciste, Nicolas Cage, Dwayne, Johnson, David, Blunt, Jody, Emily, " Leitch, Ryan, Leitch David Leitch, Kiss, Yungblud, I'm, Tom Cruise's, Taylor, Colt, Harry Nilsson's, Taylor's Organizations: Service, Business, Pictures, Universal, Colt, deepfakes, Hollywood Locations: Hollywood

☆ Election Updates: Trump wins Pennsylvania primary, but remains haunted by Haley
▼ + stars: | 2024-04-24 | by ( Chris Cameron | Anjali Huynh | ) www.nytimes.com time to read: +6 min

That exceeds the margin of 81,660 votes by which Mr. Biden won the state in the 2020 election. Tomorrow, Mr. Biden will head to Syracuse, N.Y., for a White House event, while Mr. Trump will head back to court. It remains unclear whether his decision to bypass any reconciliation with Ms. Haley will matter as November approaches. Mr. McCormick won an unopposed Republican primary for Senate in Pennsylvania, pitting him against Mr. Casey, the Democratic incumbent. Mr. Trump helped sink Mr. McCormick’s first run when he backed a rival candidate, the celebrity physician Dr. Mehmet Oz.

Persons: Biden, Donald J, Trump, Nikki Haley, Trump’s, Mr, Kamala Harris, Drew Barrymore, David McCormick, Bob Casey, Summer Lee, ‘ Scranton Joe ’ Biden, Haley holdouts, Dean Phillips, Haley, Lee, Bhavini Patel, Lee’s, Alexandria Ocasio, Cortez, Jeff Swensen, McCormick, Casey, McCormick’s, Mehmet Oz, Dr, Oz, Oz eked Organizations: Republican, North, Unions, Democratic, South, Credit, The New York, Trump, Senate, Mr Locations: Manhattan, New York, Syracuse, N.Y, Pennsylvania, Gaza, Scranton, Pa, South Carolina, G.O.P, Wisconsin , Rhode Island , Connecticut, Michigan, Pittsburgh, Cortez of New York, Israel

☆ Pennsylvania Primary Election Results
▼ + stars: | 2024-04-23 | by ( ) www.nytimes.com time to read: 1 min

Other RacesThe Senate Republican primary Tuesday night will formalize a marquee general election match up between Dave McCormick, a former hedge fund executive, and Senator Bob Casey, a Democrat. Mr. McCormick faces no Republican opposition.

Persons: Dave McCormick, Bob Casey, McCormick Organizations: Republican

☆ Three Takeaways From the Pennsylvania Primaries
▼ + stars: | 2024-04-23 | by ( Chris Cameron | Anjali Huynh | ) www.nytimes.com time to read: +1 min

President Biden and former President Donald J. Trump, who had been heading toward a 2020 rematch for months before securing their parties’ nominations in March, scored overwhelming victories in their primaries, facing opponents who had long since dropped out of the race. But Nikki Haley, Mr. Trump’s former rival in the Republican primaries, still took more than 100,000 votes across the state. A long-awaited Senate matchup was officially set, as well, as David McCormick and Senator Bob Casey won their uncontested primaries. And Representative Summer Lee, a progressive first-term Democrat, fended off a moderate challenger who had opposed her criticism of Israel’s war in Gaza. While Mr. Biden has faced protest votes in a number of states, Ms. Lee’s race was one of the first down-ballot tests of where Democrats stand on the war.

Persons: Biden, Donald J, Trump, Nikki Haley, Trump’s, David McCormick, Bob Casey, Summer Lee Organizations: Republican Locations: Gaza

☆ This G.O.P. Senate Candidate Says He Grew Up on a Family Farm. Not Exactly.
▼ + stars: | 2024-04-19 | by ( Katie Glueck | Hannah Beier | ) www.nytimes.com time to read: 1 min

David McCormick’s origin story goes something like this: He grew up in rural Pennsylvania, southwest of Scranton. He baled hay, trimmed Christmas trees and otherwise worked on his family’s farm. And from those humble beginnings, he rose to achieve the American dream. “I spent most of my life in Pennsylvania, growing up in Bloomsburg on my family’s farm,” Mr. McCormick, now a Republican candidate for Senate, told Pittsburgh Quarterly in 2022. “I’ve truly lived the American dream,” he wrote in a fund-raising appeal in October.

Persons: David McCormick’s, “, ” Mr, McCormick, “ I’ve, ”, — Organizations: Republican, Senate, Pittsburgh Quarterly, West, 82nd Airborne Division Locations: Pennsylvania, Scranton, Bloomsburg, West Point, Pittsburgh

☆ US regional banks are still under pressure. That’s likely to continue
▼ + stars: | 2024-04-18 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

New York CNN —Despite overcoming a crisis in 2023, the pain isn’t over for America’s regional banks. Shares of New York Community Bank have tumbled 71%, Bank OZK shares have slid 16% and Webster Financial shares have lost 11%. Regional banks reported wide losses on their profits during the first quarter. PNC projects that its net interest income will fall between 4% to 5% in 2024 from last year. “I’m worried about a handful of [regional banks],” Bair told CNBC on Tuesday.

Persons: that’s, Jerome Powell, “, ” Powell, Sheila Bair, “ I’m, ” Bair, ” Tesla, Tesla, Elon Musk, Chris Isidore, Musk, Chancellor Kathaleen McCormick, Read, Samantha Delouya, —, Maximilian Kotz, Leonie Wenz, Noah Diffenbaugh Organizations: CNN Business, Bell, New York CNN, Regional Banking, New York Community Bank, Bank OZK, Webster Financial, PNC Financial, T Bank, US Bancorp, Citizens, PNC, Valley Bank, Signature Bank, First Republic Bank, Federal Reserve, Wilson Center, Federal Deposit Insurance Corporation, CNBC, Tesla, Securities and Exchange Commission, United Nations, Potsdam, Climate, CNN, Stanford University Locations: New York, Delaware, ” Delaware

☆ Why Tesla wants to give Elon Musk a $55 billion pay package
▼ + stars: | 2024-04-17 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Tesla is seeking shareholder approval for Elon Musk's pay package, which a judge previously struck down. AdvertisementWhy does Tesla's board think Elon Musk deserves a $55 billion pay package? Tesla plans to ask shareholders to vote again on Musk's $55 billion pay package after it was struck down by a Delaware Judge earlier this year. Tesla shareholders will be able to vote on the issue during the company's annual meeting in June. Musk does not receive a salary from Tesla and his pay package centered on a series of goalposts around the carmaker's financial growth, initially set in place in 2018.

Persons: Tesla, —, Elon, Robyn Denholm, Denholm, Kathleen St, J, McCormick, Musk Organizations: Elon, Service, Delaware Judge, Securities and Exchange Commission, Delaware Court, Tesla, The New York Times Locations: Delaware, Texas

☆ Elon Musk says in email that Tesla sent 'incorrectly low' severance packages to some laid-off employees
▼ + stars: | 2024-04-17 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +2 min

Tesla CEO Elon Musk sent an internal email on Wednesday, telling staffers that the company sent out some severance packages that were too low to a number of laid-off workers this week. "As we reorganize Tesla it has come to my attention that some severance packages are incorrectly low," Musk wrote in the brief email. His earlier CEO pay plan, worth $56 billion, was voided in a ruling by Delaware chancery court judge Kathaleen McCormick, who decided that, as CEO, Musk controlled Tesla, and the board's compensation committee wasn't independent, among other factors. Tesla shares have dropped about 37% this year as of Wednesday, closing at $155.45. WATCH: This is a 'fork in the road' period for Musk and Tesla

Persons: Elon Musk, Porte, Musk, Tesla, Kathaleen McCormick Organizations: Twitter, Viva Technology, Porte de, Reuters Locations: Paris, France, Delaware

☆ Tesla asks shareholders to vote again on Musk's $56 billion payout
▼ + stars: | 2024-04-17 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Tesla said Wednesday it will ask shareholders to reinstate CEO Elon Musk's $56 billion pay package, which a Delaware judge voided earlier this year after ruling that the record-setting compensation deal was "deeply flawed." Tesla said the court decision created a "fundamental problem for the company." Tesla has not hired Innisfree since 2018, when it first asked shareholders to vote on Musk's pay package. Musk's pay package was invalidated after a shareholder won a lawsuit against the company earlier this year. The company also noted that "dozens of institutional stockholders" have told Tesla that they disagree with the Tornetta decision.

Persons: Elon Musk, Lola, Tesla, Elon Musk's, Musk, Innisfree, Musk's, Chancellor Kathaleen McCormick, Richard Tornetta, McCormick Organizations: Regency Bruin Theatre, Twitter, Board, Delaware Court Locations: Los Angeles , California, U.S, Delaware, Texas

☆ 43 Essential Items Marine Corps Officers Bring to Battle
▼ + stars: | 2024-04-04 | by ( Aj Caldwell | ) www.businessinsider.com time to read: 1 min

Zachary McCormick, a US Marine Corps instructor, walks us through 43 essential items a Marine officer would bring on a mission. According to the Marine Corps, the role of an officer is to lead his or her platoon in accomplishing missions by implementing three critical skills: tactical planning, delivering combat orders, and executing orders. This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account?

Persons: Zachary McCormick Organizations: US Marine Corps, Marine Corps, Business

☆ Here are Tuesday's biggest analyst calls: Nvidia, Meta, Boeing, Eli Lilly, Disney, Coca-Cola, Grindr & more
▼ + stars: | 2024-04-02 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are Tuesday's biggest calls on Wall Street: Oppenheimer reiterates Nvidia as outperform Oppenheimer said it's sticking with its outperform rating on shares of Nvidia. Citi reiterates Eli Lilly as buy Citi said the biopharma company is "riding the GLP-1 rocket." Citi downgrades Clorox to neutral from buy Citi said that the bullish thesis for the stock has largely played out for now. Citi upgrades Estee Lauder to buy from neutral Citi said it sees a "topline inflection point" for the stock. Barclays upgrades Array Technologies to overweight from equal weight Barclays said it sees share gains for the solar company.

Persons: Oppenheimer, McCormick, Argus, Needham, it's, Nelson Peltz, Melius, Horton, Citi, Eli Lilly, Estee Lauder, ARRY, JMP, Piper Sandler, Piper, Nio, CFRA, Goldman Sachs, Goldman, Blackstone, Petco Organizations: Nvidia, JPMorgan, Disney, Boeing, Citi, Coca, MTH, RBC, GE Vernova, General Electric, Bank of America, Meta, Travel, Barclays, Eaton, MI, Olema Pharmaceuticals, UBS, Bank of, of America Locations: underperform, LEN, DHI, Asia, Eaton, 4Q23

The weeklong Koyukon Athabascan burial ceremony in September was traditional in all ways but one: McCormick died in 1931. The 2,500-mile (4,000 km) journey ended at Morningside Hospital. For more than 15 years, volunteers in Fairbanks and in Portland have been working to identify the people who were committed to the hospital. Most records at the private hospital were lost in a 1968 fire, and territorial officials didn’t document those who were committed. McCormick died within weeks from a post-surgery infection.

Persons: — Lucy Pitka, McCormick, “, ”, Lucy, Wally Carlo, Karen Perdue, Niesje Steinkruger, Meg Green, Ellen Ganley, Robin Renfroe, Eric Cordingley, Ganley, Perdue, Gilford Kriska, Kriska, Henry Waldo Coe, Steinkruger, Cordingley, “ I’m, Baby Louise Haven, Lucy McCormick’s, —, Fairbanks, Helen Callahan, Carlo, Grandma Lucy, they’re Organizations: Morningside Hospital, Interior, National Archives, Alaska Natives, Morningside Locations: ANCHORAGE, Alaska, Fairbanks, Portland , Oregon, Valdez, Portland, Morningside, Oregon, College Park , Maryland, Nulato, Juneau, www.findagrave.com, Rampart

☆ Stocks making the biggest moves premarket: Krispy Kreme, UPS, Micron Technology and more
▼ + stars: | 2024-03-26 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Krispy Kreme began testing sales at some McDonald's locations in 2022, and their partnership expansion would double the donut maker's current distribution. McDonald's shares fell more than 1%. Seagate Technology — The data storage stock added 4.1% on the back of a Morgan Stanley upgrade to overweight from equal weight. Super Micro Computer — Shares rose 3.1%, continuing its gains from Monday when JPMorgan initiated coverage of the stock with an overweight rating. Taiwan Semiconductor — Shares got a 1% boost after JPMorgan reiterated its overweight rating on the semiconductor stock.

Persons: Krispy Kreme, Morgan Stanley, McCormick —, Jesse Pound, Alex Harring, Michelle Fox, Pia Singh Organizations: Seagate Technology, FactSet, Revenue, United Parcel Service, UPS, JPMorgan, Micro Computer, Micron Technology, Mizuho Securities, Taiwan Semiconductor

☆ Jim Cramer shares his thoughts on Mastercard, Visa, Reddit, McCormick, Hershey and UPS
▼ + stars: | 2024-03-26 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +1 min

Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. Mastercard , Visa : The companies reached a settlement with merchants over swipe fees. "I think that Mastercard and Visa are both terrific stocks and this only makes them better." Reddit : Shares of the social media firm continue to rally since their initial public offering last week. McCormick : Shares surged nearly 10% after the spice maker delivered better-than-expected quarterly results and offered an upbeat guidance.

Persons: Jim Cramer's, They've, Jim Cramer, McCormick, Cramer, Brendan Foley Organizations: CNBC, Club, Mastercard, Visa, Hershey, BNP, United Parcel Service Locations: McCormick

☆ Stocks making the biggest moves midday: Krispy Kreme, Trump Media, McCormick and more
▼ + stars: | 2024-03-26 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Krispy Kreme — Krispy Kreme popped nearly 30% and headed for its best day on record. Trump Media & Technology Group — Shares of former President Donald Trump's social media company surged 35% after it began trading on the Nasdaq . Trump Media completed its merger with shell company Digital World Acquisition Corp . McCormick — The stock jumped 10% after the spice maker topped earnings and revenue expectations for its fiscal first quarter. Reddit — Reddit popped about 15% as investors continued buying up the social media stock following its Thursday debut on the New York Stock Exchange .

Persons: Kreme, McDonald's, Donald Trump's, McCormick, Morgan Stanley, Alex Harring, Michelle Fox, Jesse Pound, Pia Singh Organizations: Trump Media & Technology, Nasdaq, Trump Media, Revenue, New York Stock Exchange, Viking Therapeutics, Seagate Technology, Micron Technology, Mizuho Securities, UPS —, UPS, JPMorgan Locations: FactSet

Six people are presumed dead and two have been rescued from the Patapsco River, according to The New York Times. What Happened to Baltimore’s Francis Scott Key Bridge? Around 1:30 a.m. on Tuesday, a Singapore-flagged cargo ship called Dali struck a column of the bridge, according to reporting by The Baltimore Banner. Where Is the Francis Scott Key Bridge and How Long Is It? The Francis Scott Key Bridge was assessed as being in “fair” condition in 2023, according to the Federal Highway Administration’s National Bridge Inventory.

Persons: Baltimore’s Francis Scott Key, Wes Moore, Dali, Maryland Sen, Chris Van Hollen, Francis Scott Key, Helen Delich Bentley, Banner ”, Baltimore Mayor Brandon Scott, Moore, ”, Joe Biden, We're, “, Pete Buttigieg, Scott, Buttigieg, Joseph Schofer Organizations: The New York Times, Maryland Gov, Biden Administration, White, Baltimore Sun, Baltimore Banner, ABC News, Maryland, New York Times, Times, ” Synergy Marine Group, Baltimore Mayor, Transportation, Department of, World Association, Transport Infrastructure, U.S . News, Northwestern University’s McCormick School of Engineering, ” Engineers Locations: Patapsco, Maryland’s, Singapore, Sri Lanka, Maryland, Baltimore, Helen Delich Bentley Port of Baltimore, Fort McHenry, El Salvador, Guatemala, Honduras, Mexico, U.S

☆ Tuesday’s rapid fire: Mastercard, Visa, Reddit, McCormick, Hershey and UPS
▼ + stars: | 2024-03-26 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTuesday’s rapid fire: Mastercard, Visa, Reddit, McCormick, Hershey and UPSCNBC’s Jim Cramer on Tuesday weighed in on headlines around Mastercard, Visa, Reddit and more stocks.

Persons: Jim Cramer Organizations: Mastercard, Visa, Reddit, Hershey, UPS Locations: McCormick

☆ Three-Stock Lunch: Visa, McCormick, and CVS
▼ + stars: | 2024-03-26 | 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 EmailThree-Stock Lunch: Visa, McCormick, and CVSMalcolm Ethridge, CIC Wealth Executive Vice President, joins 'Power Lunch' to discuss his investing take on three stocks: Visa, McCormick, and CVS.

Persons: CVS Malcolm Ethridge Organizations: McCormick, CVS

☆ Baltimore businesses are trying to figure out how the bridge collapse will affect them
▼ + stars: | 2024-03-26 | by ( Grace Dean | Mary Hanbury | ) www.businessinsider.com time to read: +5 min

Read previewThe collapse of the Francis Scott Key Bridge in Baltimore could have major effects on distribution and deliveries for businesses in the area. Baltimore's biggest bridge collapsed early on Tuesday morning after a cargo ship crashed into one of its support beams, prompting Maryland Gov. A spokesperson for Volkswagen said its operations were unaffected as its Baltimore facility was "located on the sea board of the bridge collapse." AdvertisementMcCormick, which manufactures spices and seasonings, said in 2020 that it expected its site at Tradepoint Atlantic to become its biggest distribution site. Local businesses prepare for ongoing disruptionThe Hard Yacht Cafe, located about a mile from the bridge, told BI that it wasn't yet clear how the collapse would affect its business.

Persons: —, Francis Scott Key, Wes Moore, Kevin Cartwright, Neil Saunders, Baltimore's Francis Scott Key, Armour, McCormick, we're, Alexander DelSordo Organizations: Service, Maryland Gov, Baltimore Fire Department, Associated Press, Business, Bloomberg, Maryland Transportation Authority, Depot, FedEx, BMW, Volkswagen, Google, Amazon, Volkswagen Group, Audi, Lamborghini, Bentley, CBS, WJZ, Bay Locations: Baltimore, Port of Baltimore, Sparrows, Europe, Mexico, Hawkins

☆ The quiet rally in energy continues, lifting our lone oil-and-gas stock higher
▼ + stars: | 2024-03-25 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

The rally this month comes alongside roughly $3-per-barrel rally in the price of oil, while natural gas has slipped back. "There's a piece in the Wall Street Journal about how AI data centers will consume so much power that it could overwhelm the grid. 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.

Persons: Jim Cramer, Coterra, Nelson Peltz, Jim, Mizuho, Ford, Eaton, Jim Cramer's, Liz Hampton Organizations: CNBC, Dow Jones Industrial, Nasdaq, Energy, Club, Disney, Barclays, Nvidia, GTC, Ford, Rivian Automotive, Eaton Corp, Street Journal, Jim Cramer's Charitable Locations: California, Loco Hills, New Mexico, U.S

☆ Here’s why the Fed doesn’t see a US recession in coming years
▼ + stars: | 2024-03-24 | by ( Bryan Mena | ) edition.cnn.com time to read: +6 min

“The economy is strong, the labor market is strong and inflation has come way down,” Fed Chair Jerome Powell said Wednesday. Fed officials continue to expect three rate cuts this year but the days of ultra-low interest rates are long gone. Up NextMonday: The Chicago Fed releases its National Activity Index for February. The US Commerce Department releases February data on sales of new single-family homes. The US Commerce Department releases February data on household spending, income and the Fed’s preferred inflation gauge.

Persons: Goldman Sachs, Jerome Powell, Mike Skordeles, Skordeles, ” Stephanie Lang, Homrich Berg, ”, Clare Duffy, Reddit, Read, Lisa Cook, Christopher Waller Organizations: Washington CNN, Fed, Truist Advisory Services, CNN, Atlanta Fed, Employers, New York Stock Exchange, Trading, IPOs, Chicago Fed, US Commerce Department, McCormick, GameStop, Global, Board, Wednesday, Walgreens Boots Alliance, US Labor Department, University of Michigan, National Association of Realtors

☆ 2 major market themes that could make or break stocks after this week's rally
▼ + stars: | 2024-03-23 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

That answered a big question going into the central bank's two-day March meeting following two months of hotter inflation readings. We hope to see that strength continue in the coming months as increasing supply would help keep housing inflation down. Following the company's last quarterly report, Jim Cramer said, "You cannot have a recession if Cintas is blowing the doors open." ET: PCE price index (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer, JEF, HB Fuller, Jim Cramer's, Jim, Victor J Organizations: Dow, Federal Reserve, Nasdaq, McCormick & Company, GameStop, Jefferies, Gross, Walgreens Boots Alliance, Jim Cramer's Charitable, CNBC, Visitors, New York Stock Exchange, Blue, Bloomberg, Getty Locations: U.S

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