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London CNN —Mining giant BHP has made a near-$40 billion bid to take over its UK rival Anglo American in what would be the largest mining deal on record. BHP said in a statement Thursday that it valued Anglo American shares at £25.08 ($31.40) apiece, or £31.1 billion ($38.9 billion) in total. The potential deal would have a higher value than the $38.3 billion acquisition of Switzerland’s Xstrata by commodities company Glencore in 2012, according to Dealogic data. It would also be the biggest merger or acquisition in the mining industry by value since Dealogic began collecting the data in 2004. Shares in Anglo American soared as much as 13.8% on the news.
Persons: BHP, Dealogic, , Mike Henry, ” Susannah Streeter, Hargreaves Lansdown, Rob North Organizations: London CNN — Mining, BHP, London Metals, Oz Minerals, United Kingdom’s, London Stock Exchange, City of, Hargreaves Locations: Australia, City, City of London
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC's 2024 Stock Draft: The 'Mentalist' Oz Pearlman chooses Bitcoin as his first round pickCNBC’s annual stock draft is underway. Celebrities, athletes, and financial gurus join ‘Power Lunch’ to make their picks.
Persons: Oz Pearlman, Bitcoin
Nvidia Eddie George picked chipmaker darling Nvidia for its long-term prospects. Oracle shares are up roughly 9% this year. Apple George selected Apple for his second pick. Faced with waning demand and rising competitive pressures, Apple stock has shed nearly 12% this year, making it a weak link among the "Magnificent Seven" tech cohort. The company's legacy of sustainable excellence has also paved the way for cutting-edge technology like Apple Pay and the Apple Watch.
Persons: gunning, Breanna Stewart, Stewart, Mark Zuckerberg, Nvidia Eddie George, George, Jensen Huang, Charlotte Flair, Flair, Oz Pearlman, bitcoin, Pearlman, It's, Caterpillar's, Ekeler, Schulman, Carter, Microsoft Jillian Michaels, Giancarlo Chersich, Michaels, Nancy Pelosi's, Oracle Joey Chestnut, Larry Ellison, Wall, DraftKings, Karen Finerman, Apple George, Apple, DraftKings Eddie George, Apple Charlotte Flair, IBM Oz Pearlman, Carvana Austin, Intel Nev Schulman, Crocs Jillian Michaels, Google Joey, Starbucks Kenny, Smith Organizations: Meta, Nvidia, Tennessee Titans, Tennessee State University, Computer WWE, Computer, Micro, IBM, bitcoin, Caterpillar, Washington, Microsoft, Oracle, FactSet, CNBC, Apple, Apple Watch, Intel, JPMorgan Druski, Nike, Google, Starbucks, Warner Bros, Delta Air Locations: American, Nashville
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
CNN —Not even a beer at the movies is spared from shrinkflation, alleges a lawsuit against Cinemark. Waldrop then took the container home and measured it for himself, finding it only held 22 ounces, according to the lawsuit. Rising prices seem to have boosted that revenue: Cinemark reported concession revenue for 2023 exceeded revenue in 2019 by 3%, even though movie attendance was 25% lower. A 20-ounce drink at the Plano, Texas, Cinemark theater Waldrop visited costs $7.80 pre-tax, while a 24-ounce drink costs just $1 more, at $8.80. “The 24 oz drink should provide a deal for consumers over the 20 oz drink’s price: $0.37 per ounce vs. $0.39 per ounce,” the lawsuit said.
Persons: Shane Waldrop, Waldrop, overpaying, ” Jarrett Ellzey, Cinemark, , Pennsylvania Democratic Sen, Bob Casey, ” Ellzey, , CNN’s Bryan Mena Organizations: CNN, Cinemark, Pennsylvania Democratic, Labor Department Locations: shrinkflation, Texas, Plano , Texas
The smart money gathered in Manhattan Wednesday didn't spend their time pitching artificial intelligence venture bets or bitcoin-linked trading products. At this year's Sohn conference in New York, the biggest names in hedge funds — such as David Einhorn, Elliott's Jesse Cohn, and Kirkoswald's Greg Coffey — preached fundamentals and restraint. Solvay, Einhorn said, has "a relatively high and stable margin, a high return on capital, and a good return of capital." Even hedge funds that are constantly stirring the pot, such as Paul Singer's Elliott Management and Bridgewater, were even-keeled. "You've got a durable business with real differentiation, you've got a strong management team executing," he said.
Persons: year's Sohn, David Einhorn, Jesse Cohn, Greg Coffey —, Einhorn, Elon Musk's, Greg Coffey, Oz, Moore —, Coffey, Emso, Paul Singer's Elliott, Ray Dalio, Karen Karniol, Sohn, Elliott, Marc Steinberg, You've, you've Organizations: Greenlight, Business, Solvay, Paul Singer's Elliott Management, Bridgewater, Elliott Locations: Manhattan, New York, Belgium, GLG, Australian, London, Bridgewater, China
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe smart money gathered in Manhattan on Wednesday didn't spend their time pitching artificial-intelligence venture bets or bitcoin-linked trading products. At this year's Sohn conference, some of the biggest names in hedge funds — such as Greenlight's David Einhorn, Elliott's Jesse Cohn, and Kirkoswald's Greg Coffey — preached fundamentals and restraint. Even hedge funds that are constantly stirring the pot, such as Bridgewater and Paul Singer's Elliott Management, were even-keeled. The activist investor, who's become a recurring nightmare for anxious CEOs across the country, is not looking to burn anything down or start an M&A spree.
Persons: , year's Sohn, Greenlight's David Einhorn, Jesse Cohn, Greg Coffey —, Einhorn, Elon Musk's Tesla, Greg Coffey, Oz, Moore —, Coffey, Paul Singer's Elliott, Ray Dalio, Karen Karniol, Elliott, Marc Steinberg, who's, You've, you've Organizations: Service, Business, Solvay, Paul Singer's Elliott Management, Bridgewater Locations: Manhattan, Belgium, Belgian, GLG, London, New York, Bridgewater, China
Listen to and follow ‘Matter of Opinion’Apple Podcasts | Spotify | Amazon MusicThe sociologist and New York Times columnist Tressie McMillan Cottom joins the hosts of “Matter of Opinion” this week to discuss the role of celebrity in politics. Could Beyoncé and Taylor Swift, with their tens of millions of fans, sway the presidential election? And beyond brand-name pop stars, what role does celebrity play within the political system? Plus, Tressie goes a little “Dr. (A full transcript of this audio essay will be available within 24 hours of publication in the audio player above.)
Persons: Tressie McMillan Cottom, Taylor Swift, Tressie, Oz ” Organizations: Spotify, New York Times
Listen and follow The DailyApple Podcasts | Spotify | Amazon MusicWarning: this episode contains descriptions of violence. It’s been nearly six months since the Hamas-led attacks on Israel, when militants took more than 200 hostages into Gaza. In a village called Nir Oz, near the border, one quarter of residents were either killed or taken hostage. Yocheved Lifshitz and her husband, Oded Lifshitz, were among those taken. Today, Yocheved and her daughter Sharone tell their story.
Persons: It’s, Nir Oz, Yocheved Lifshitz, Oded Lifshitz, Yocheved, Sharone Organizations: Spotify Locations: Israel, Gaza
HARRISBURG, Pa. (AP) — Democratic U.S. Sen. Bob Casey and Republican David McCormick will be the only eligible names on ballots for the office in Pennsylvania's April primary after a ruling Friday by the state's highest court. The state Supreme Court rejected an appeal from a Republican candidate, Joe Vodvarka, who had been ordered off primary ballots by a lower court that found he had not received enough voter signatures to qualify. The state Supreme Court, in its two-line order, did not explain its decision. Courts earlier in March had already granted challenges to the paperwork of two other candidates filing for the primary ballot for U.S. Senate. Both Brandi Tomasetti, a Republican from Lancaster County, and William Parker, a Democrat from Allegheny County, were ordered off ballots.
Persons: — Democratic U.S . Sen, Bob Casey, Republican David McCormick, Casey, McCormick, Mehmet Oz, Joe Vodvarka, Vodvarka, Brandi Tomasetti, William Parker, Marc Levy Organizations: — Democratic U.S ., Republican, Republican Party, White, Senate, U.S . Senate, Democrat Locations: HARRISBURG, Pa, Pennsylvania's, Pennsylvania, Lancaster County, Allegheny County
Gold holds ground as investors seek direction from Fed
  + stars: | 2024-03-19 | by ( ) www.cnbc.com   time to read: +2 min
An employee arranges one kilogram gold bars for a photograph in Bangkok, Thailand, on Jan. 13, 2016. Gold held steady on Tuesday as investors stayed on the sidelines ahead of the U.S. Federal Reserve policy meeting this week, which could offer further clues on the timing of likely interest rate cuts this year. With the Fed widely expected to hold rates steady at the end of its two-day monetary policy meeting on Wednesday, the market is awaiting policymakers' updated economic and interest rate projections. Gold prices fell 1% last week after data showed that U.S. consumer prices increased solidly in February and producer prices rose more than expected, reducing hopes around early Fed rate cuts. Traders are currently pricing in an about 51% chance of a Fed rate cut in June, compared with 56% on Monday, according to the CME FedWatch Tool.
Persons: Gold, Jerome Powell, Tim Waterer Organizations: U.S . Federal Reserve, Fed, KCM, PPI, Traders Locations: Bangkok, Thailand, Japan, England, Australia, Norway, Switzerland, Mexico, Taiwan, Brazil, Indonesia
Cynthia Erivo and Ariana Grande are costarring in the film adaptation of "Wicked" this year. Erivo wore a green dress referencing Elphaba, while Grande wore a pink gown for Glinda. AdvertisementCynthia Erivo and Ariana Grande walked the 2024 Oscars red carpet on Sunday in gowns that paid homage to their starring roles in the upcoming movie "Wicked." When Grande walked the red carpet a few moments later, she did it in a bubblegum-pink Giambattista Valli gown with an oversize, poofy cape. Erivo and Grande are set to present an award during the ceremony, taking their friendship on-screen for the first time.
Persons: Cynthia Erivo, Ariana Grande, Erivo, Grande, Glinda, , Louis Vuitton, Oz, Hollywood , California Kevin Mazur, Giambattista Valli, Gregg DeGuire, Tiffany Organizations: Service Locations: Hollywood , California
CNN —The stars of the new “Wicked” movie appear to be gearing up for an epic “method dressing” press tour, having opted for color-coded looks on the Oscars red carpet Sunday night in Los Angeles. Cynthia Erivo wore a bewitching emerald-green custom leather Louis Vuitton gown with structured ruffle sleeves and train, as a nod to her, well, “wicked” character Elphaba. Cynthia Erivo arrives at the Oscars channeling her character Elphaba, Wicked Witch of the West in the fictional world of Oz. Erivo and Grande even attended the 2024 Super Bowl in custom Louis Vuitton jerseys. “There’s always that incredible pressure because it’s so beloved,” Grande told Oscars pre-show co-host Vanessa Hudgens on the red carpet.
Persons: Cynthia Erivo, Louis Vuitton, Elphaba, Ariana Grande, Giambattista Valli —, Glinda, Oz, Jordan Strauss, Laverne Cox, Erivo, Michelle Yeoh, Madame Morrible, Galinda, , Oz ”, Gregory Maguire’s, Dorothy Gale, Tony, Jon M, Chu, Elphaba Thropp, Glinda Upland, Timothée Chalamet, Florence Pugh, “ Barbie, Margot Robbie, movie’s, “ There’s, ” Grande, Vanessa Hudgens, we’ve, ” Idina Menzel, Kristin Chenoweth, “ Congrats, ” Menzel, Instagram Organizations: CNN, Broadway, Super, Erivo, Locations: Los Angeles, Grande
March 2023: Grande and Slater are photographed togetherMichelle Yeoh posted this photo on March 27, 2023. July 20, 2023: Grande and Slater's new relationship makes headlinesEthan Slater is best known for playing SpongeBob SquarePants on Broadway. July 27, 2023: Slater's estranged wife says Grande is 'not a girl's girl'Lily Jay Slater and Ethan Slater in 2017. AdvertisementNovember 16, 2023: Grande attends the opening night of 'Spamalot'Ariana Grande in New York City on November 16, 2023. AdvertisementDecember 22, 2023: Grande includes an apparent nod to Slater in her holiday decorAriana Grande shared these photos on December 22, 2023.
Persons: , Ariana Grande, Ethan Slater, Grande, Cynthia Erivo, Glinda, Jon M, Chu, Slater, Tony, SpongeBob, Dalton Gomez, Gomez, Michelle Yeoh, Michelle Yeoh's Oscar, Yeoh, Erivo, costars Grande, costars, they'd, , Kevin Mazur, Jenny Anderson, TMZ, Lilly Jay, Jay, Slater's, Lily Jay Slater, Page Six's Francesca Bacardi, Bacardi, Dalton, she's, Ethan, Slater Ethan Slater, CJ Rivera, Prince Herbert, She's, who's, Liz Gillies, Gillies, Liz Gillies após, @accessarianabr, James Earl Jones, Josh Gad, Andrew Rannells, Michael Urie, Rannells, Ariana, Bauer, Griffin, James, Joan Grande, Hale Grande, Doug Middlebrook, Grande's, Ed Butera, Butera, We're Organizations: Service, Broadway, Business, Variety, TMZ, Wimbledon, Getty, Nickelodeon, Disney, James Earl Jones Theater, DAMEBK, St, James Theatre, Theater District Locations: New York City, Grande, England, London, Oz, New York, Grande ., @spamalotbway, New York City Grande, Manhattan
Costco recently started selling silver coins for the first time, finance chief Richard Galanti told CNN. Costco is trying to replicate its recent success with gold bars. It began selling $2,000 gold bars online in September and sold more than $100 million worth of the bars last quarter. After all, not many people are actually stashing away gold bars in their homes. We constantly buy that stuff and intentionally run out of it from time to time.”Costco is also selling precious metals as they become more valuable.
Persons: Richard Galanti, King Charles III, , , Galanti Organizations: New, New York CNN, Costco, CNN, Federal Reserve, Treasury Locations: New York
Samara, cofounded by Airbnb's Joe Gebbia, is selling modular accessory dwelling units. See inside its most expensive unit, a $324,000 two-bedroom tiny home. AdvertisementA new startup wants to drop tiny homes into your backyard. If the name doesn't ring a bell, you might recognize one of its cofounders, Joe Gebbia. Quite the opposite: It's manufacturing factory-built accessory dwelling units (ADUs), or tiny homes, that can be dropped into Californians' backyards.
Persons: Airbnb's Joe Gebbia, , Oz, Ariana Grande, Ethan Slater, Joe Gebbia, Brian Chesky Organizations: Service, Airbnb Locations: Samara, Mexico, It's California
One takes place in a bright, plastic world where everything is coated in pink. The other takes place in an isolated black-and-white world that transforms, “Wizard of Oz” style, into a flashy, steampunk domain. Though they’re very different stylistically, the Oscar-nominated films “Barbie” and “Poor Things” are both modern feminist fables about the making of a woman. Here the Dr. Frankenstein is Godwin Baxter (Willem Dafoe), and his monstrous creation is Bella (Emma Stone), a woman he has resurrected. At first Bella babbles and stumbles around like a precocious toddler, learning to speak and move by imitating the adults around her.
Persons: Oz, Oscar, “ Barbie ”, Yorgos Lanthimos, Mary Shelley’s “, jigsaws, Frankenstein, Godwin Baxter, Willem Dafoe, Bella, Emma Stone, Bella babbles
On Thursday, WeightWatchers stock was worth $3.12 — down from a 2021 high of $40. WeightWatchers' value jumped by $700 million in just two days after Winfrey joined the company in 2015, with shares more than doubling. AdvertisementBut WeightWatchers and other weight loss companies have struggled in the recent Ozempic-era, as GLP1 medications become more accessible and commonplace. (Evidence suggests Winfrey's endorsement of GLP-1 medications sparked a spike in demand for them, as well. ) The statement said WeightWatchers' board of directors is supportive of Winfrey's proposal to donate her stock to the museum.
Persons: , Winfrey's, Winfrey, Oprah Winfrey, Phil, Oz, Suze Orman, WeightWatchers, Semmelbauer Organizations: Service, Business, WW International, Magazine, National Museum of Locations: WeightWatchers
A lump started growing under my armpit, and it was noticable enough for my mom to say something. I'm glad I listened to my mom, it turned out to be a rapidly growing benign tumor. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . To me, the lump growing under my armpit for the last two years was something only I could see. AdvertisementMy doctor wasn't worried about my lump, but my mom wasTo me, the lump was an opportunity to turn more heads at parties.
Persons: , I'd, she'd, Oz, wasn't, aren't, I've Organizations: Service
Stanley cups have been wreaking havoc at Target stores and tearing tween relationships apart. AdvertisementWith Stanley cups stoking utter chaos among desperate Target shoppers (and employees) — and tearing apart middle schools — the brand is looking for ways to calm the fervor around its limited-edition launches. tumbler comes in an "ornate" striped box, according to Stanley, featuring a "rich ganache powdercoat finish" and gold accents. Advertisement"One of our priorities is to prevent bots and resellers from depleting stock meant for our genuine fans," Stanley said. Stanley SVP Matt Navarro told CNN he hopes the changes the company made "provide all consumers with a wider aperture and more user-friendly [online] experience to get the Stanley products they love."
Persons: Stanley, , tumbler, EQL, they'd, Andrew Lipp, Matt Navarro Organizations: Service, CNN, PMI Worldwide, Nike Locations: Australia
LockBit works with affiliates to hack companies and government agenciesLockBit 3.0's targets go far beyond just the Fulton County government. As of Wednesday, it had ongoing ransom demands for 11 different companies on its website in addition to the one for Fulton County. AdvertisementA Fulton County court administration spokesperson declined to comment. AdvertisementAt a press conference on February 20, Fulton County Commission Chair Robb Pitts said no ransom was paid. AdvertisementThe renewed ransom threat comes as Willis's investigation is beleaguered by a series of heated hearings playing out in a Fulton County courtroom.
Persons: , Donald Trump —, Donald Trump's, Christopher Krebs, Dan Schiappa, LockBitSupp —, Biden, Donald Trump, Trump, Joe Raedle, Oz, Krebs, Alashe, LockBit, Fulton, Fani Willis, It's, George Chidi, Pool, Schiappa, Robb Pitts, Pitts, Willis Organizations: Service, Fulton, Business, FBI, United, Crime Agency, US Department of Justice, government's, Trump, Justice Department, Boeing, Commercial Bank of China, U.S, Trump Force, Atlanta Hartsfield, Jackson International Airport, Biden, Trump —, Trump . Fulton, Arctic Wolf, Atlanta Journal Locations: Georgia, Fulton, Mexico, Fulton County, Atlanta , Georgia, Russian, Trump . Fulton County, Atlanta, Krebs
—Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein. This material is not to be reproduced or redistributed absent the written consent of Fairlead Strategies.
Persons: PAAS, Katie Stockton Organizations: American Silver Corporation, PAAS, Fairlead, CNBC Pro, Securities
Schele Williams first saw “The Wiz” when a tour of the original Broadway production came through Dayton, Ohio. She even used the show’s soaring finale, “Home,” as one of her audition songs. Now, after working on Broadway as an actor (“Aida”) and an associate director (“Motown”), she is directing the first Broadway revival of “The Wiz” in almost 40 years. It’s a chance, Williams said, to celebrate what “The Wiz” has meant to her and to pass the story along to her daughters. Since becoming a Broadway hit in 1975, “The Wiz,” a gospel, soul and R&B take on Dorothy’s adventures in Oz, largely composed by Charlie Smalls, with a book by William F. Brown, has been a vibrant cornerstone of Black culture.
Persons: Schele Williams, Dorothy, , Williams, It’s, Charlie Smalls, William F, Brown Organizations: Broadway Locations: Dayton , Ohio
New York CNN —Dunkin’ is adding an energy drink to its menu to capture some of the buzz generated by heavily caffeinated beverages, which are surging in popularity. But the menu addition comes with a risk: Panera Bread is facing multiple lawsuits over its its own energy drink. The Dunkin’ energy drink has less caffeine for a similarly sized cup with 192 mg for both flavors, according to its website. Despite the controversy, energy drinks are big sellers for chains. At Dutch Bros, a fast-growing chain, its lineup of energy drinks accounts for a quarter of its sales.
Persons: New York CNN — Dunkin, Dunkin, ” Dunkin ’, Panera, , CNN’s Eva Rothenberg Organizations: New, New York CNN, US Food and Drug Administration, CNN, Dutch Bros Locations: New York
That could double central bank's gold purchases, challenging jewelry consumption as the largest driver of gold demand, Doshi elaborated. China and Russian central banks are leading gold purchases, with India, Turkey, and Brazil, also increasing bullion buying. The world's central banks have sustained two successive years of more than 1,000 tons of net gold purchases, the World Gold Council reported in January. Another wildcard scenario highlighted in Citi's report was for oil prices to hit triple digits again. Stock Chart Icon Stock chart icon Oil prices in the past one year
Persons: Doshi, Stagflation Organizations: Citi, CNBC, Central, U.S ., Gold, U.S . Federal Reserves, Co, Bloomberg, Getty Locations: Citi's North America, China, Russian, India, Turkey, Brazil, U.S, Bangkok, Thailand, Israel, Yemen, Iraq, OPEC
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