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☆ Why UK Prime Minister Rishi Sunak called an election he’s expected to lose
▼ + stars: | 2024-05-24 | by ( Luke Mcgee | ) edition.cnn.com time to read: +6 min

London CNN —When British Prime Minister Rishi Sunak announced on Wednesday that the United Kingdom would hold a general election on July 4, many observers wondered: why now? British Prime Minister Rishi Sunak delivers a speech calling for a general election, outside 10 Downing Street, in London on May 22. Their time in office didn’t begin formidably. In 2010, after 13 years of Labour rule, David Cameron won the general election but didn’t win a majority in parliament. Eventually, the Conservative Party had enough of the chaos and put Sunak in charge as a safe pair of hands.

Persons: Rishi Sunak, Keir Starmer, Sunak, Maja Smiejkowska, he’s, we’ve, ’ ” Sunak, didn’t, David Cameron, Cameron, Theresa May, Boris Johnson, Johnson, Henry Nicholls, Liz Truss, –, Starmer Organizations: London CNN, British, Conservative Party, Labour Party, Labour, International Monetary Fund, CNN, IMF, Liberal Democrats, Conservative, Vale, Glamorgan Brewery, Getty Locations: United Kingdom, London, Downing, Glamorgan, Barry, Wales, AFP, Rwanda, Sunak

☆ Moderna and this solar name are among the most overbought stocks after a record-setting week
▼ + stars: | 2024-05-24 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

It may be time for investors to trim positions in overbought names after the stock market reached record levels this week. Certain stocks this week became overbought, based on their 14-day relative strength index, or RSI. Here are the most overbought names in the S & P 500 this week: Moderna was the most overbought stock in the S & P 500, scoring an RSI of about 86.5. Analysts think shares, which have rallied about 28% this year, could peel back roughly 8%. Other oversold stocks include SLB , J.B. Hunt and Molson Coors .

Persons: LSEG, Jon Windham, Johnson, Ulta, Hunt Organizations: Dow Jones Industrial, Nasdaq, Nvidia, Moderna, UBS, Johnson Controls, Bloomberg, Elliott Investment Management, Johnson, Barclays, Deutsche Bank, Jefferies, Molson Coors Locations: U.S, oversold, J.B

☆ Brad Paisley and Howard Gospel Choir to be the entertainment for state dinner as Bidens highlight US-Kenya ties
▼ + stars: | 2024-05-22 | by ( Betsy Klein | Samantha Waldenberg | ) edition.cnn.com time to read: +11 min

US President Gerald Ford dances with Britain's Queen Elizabeth II during a state dinner in Washington, DC, in 1976. Jason Reed/Reuters The White House's State Dining Room is seen ahead of a state dinner honoring French President Emmanuel Macron in 2018. Paisley first performed at the White House in 2009 during the Obama administration as part of a music series. “Tomorrow night we’ve created an experience that will feature the beautiful scenes of the White House and the Washington Monument that few get to enjoy,” White House social secretary Carlos Elizondo said. Event planner Bryan Rafanelli also helped the White House plan for the state dinner.

Persons: Brad Paisley, Joe Biden, Jill Biden, William Ruto, Rachel Ruto, “, Howard, “ Brad Paisley, Dr . Biden, Ruto’s, Biden, Ruto, ” Biden, George W, Bush, Gerald Ford, Queen Elizabeth II, Ricardo Thomas, Gerald R, Franklin D, Roosevelt, Enrique Penaranda, Penaranda, Matthew Costello, George R, Nikita Khrushchev, He's, Nina, Dwight D, Eisenhower, Mamie Eisenhower, Costello, John F, Kennedy, Habib Bourguiba, Jackie, Moufida, Bill Allen, Lyndon B, Johnson, Errol W, Barrow, Carolyn, Richard Nixon, Leonid Brezhnev, Charles Tasnadi, Betty Ford, Jordan's King Hussein, David Hume Kennerly, Betty Sherrill, Britain's Queen Elizabeth II, Jimmy Carter, Deng Xiaoping, Cho Lin, Carter, Nancy Reagan, Indira Gandhi, Mikhail Gorbachev, Joe DiMaggio, Ronald Reagan, Reagan, Boris Yeltsin, Naina, George H.W, George H.W . Bush, Barbara, Dirck Halstead, Singer Whitney Houston, Nelson Mandela, Ron Sachs, Bill Clinton, Hillary Clinton, Mandela, Zindzi, Wally McNamee, Corbis, Bill Frist, Lynne Cheney, Dick Cheney, Gloria Macapagal Arroyo, Pablo Martinez Monsivais, Laura Bush, Prince Philip, Itzhak Perlman, Saul Loeb, Barack Obama, Michelle Obama, Manmohan Singh, Gursharan Kaur, Pete Souza, White, Obama, Singh, Jason Reed, Emmanuel Macron, Donald Trump, Melania Trump, Macron, Brigitte, Jabin, Scott Morrison, Joshua Roberts, Paisley, ‘ Wake, Martin Luther, ’ ”, ” Jill Biden, we’ve, Carlos Elizondo, Cris Comerford, Bryan Rafanelli, April’s, Fumio Kishida, Yuko Kishida, CNN’s Sam Fossum Organizations: Washington CNN —, Howard Gospel Choir, White, CNN, Kenyan, Ford Presidential Library, United, White House, Historical Association, Washington Post, Getty, Barbados, AP, Indian, New York Times, Singer, South, Trump, Australian, Paisley, Japanese Locations: Kenya, United States, ”, Ghana, Africa, Russia, Namibia, Washington , DC, Bolivian, Soviet, George H.W ., toasts, Nashville, Washington

☆ How RFK Kennedy Jr. turned from tragedy and tumult to environmentalism before becoming the face of vaccine skepticism
▼ + stars: | 2024-05-22 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +10 min

Read previewRobert F. Kennedy's children have spent a lifetime trying to add their marks to their slain father's legacy. The first Kennedy to run for the presidency in decades, Robert F. Kennedy Jr. is doing so without the family's well-documented loyalty. Born into privilege in 1954, Robert F. Kennedy Jr. was raised between Massachusetts and suburban Virginia estates. Robert F. Kennedy Jr. was later a pallbearer at his father's funeral, joined by Astronaut John Glenn and former Defense Secretary Robert McNamara. Robert F. Kennedy Jr. was one of the pallbearers in his father's funeral.

Persons: —, Robert, Robert F, Kennedy, Kennedy Jr, McLean, Ethel Kennedy, wasn't, Kathleen, Joseph P ., Hubert Humphery's, Astronaut John Glenn, Robert McNamara, Michael Ochs, Jack Paar, Oprah, Frank M, Johnson Jr, Emily Black, Robert Morgenthau, JFK, Robert Boyle, Mary Richardson, Kerry Kennedy, Boyle, William Wegner, Wegner, Wegener, spasmodic dysphonia, Richardson, Cheryl Hines, Larry David Organizations: Service, Camelot, Business, RFK, Georgetown Preparatory School, Astronaut, Michael Ochs Archives, Georgetown Prep, Millbrook School, Harvard, JFK, RFK Jr, Civil, London School of Economics, University of Virginia Law School, Southern, of, The New York Times, Natural Resources Defense Council, Fishermen's Association, Washington Post, Hudson, Time Magazine, Los Angeles Times, STAT, World Health Defense Fund, Associated Press Locations: Massachusetts, Virginia, Hickory Hill, McLean , Virginia, New York, Charlottesville, Black's, Bloomington , Indiana, Dominican Republic, Manhattan, of New York, South Dakota, York, Hudson, Bedford

☆ We're in the era of heat pumps — a market that experts say is 'set to skyrocket'
▼ + stars: | 2024-05-21 | by ( Pia Singh | ) www.cnbc.com time to read: +10 min

This old technology getting some fresh attention is a trend investors may not want to miss: Heat pumps. Heat pumps provide both air conditioning and heat — all in one device. Heat pumps could play a viable role in this regard," Muhedini said in a research note last week. The DOE also runs a Residential Cold Climate Heat Pump Technology Challenge , which is partnered with Trane, Carrier, and Johnson Controls, among other leading heat pump makers. In the chemicals sector, companies that produce more eco-friendly refrigerants for heat pumps could one day reap the benefits of recent legislation in the U.S. that will ban next year the production of heat pumps that use refrigerants with high levels of global warming potential.

Persons: hasn't, They're, William Thompson, Amantia, Muhedini, Thompson, Johnson, Jefferies, Stephen Volkmann, Trane, Andrew Kaplowitz, Deane Dray, Dray, Lennox, Owens, It's, they've, Nestle Organizations: UBS, McKinsey, Barclays, United Nations, UN, International Energy Agency, Johnson Controls, Carrier, Solutions, Citi, Wednesday, U.S . Department, DOE, Trane, RBC Capital, Johnson, Companies, Rockwell Automation, Honeywell International, Arkema, Unilever Locations: industrials, U.S, Paris, Trane, Monday's, Spain, Switzerland

☆ Cramer says activist interest in Johnson Controls is 'a gimme,' but worries about a steel stock
▼ + stars: | 2024-05-20 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +2 min

Johnson Controls : Activist investor Elliott has built a more than $1 billion stake in the HVAC control firm, Bloomberg News reported. "The stock is up 22% [year to date], but it has lagged Trane . "It was just a mistake [to have an underweight rating on the stock]," Cramer said, adding later: "From 1995 on, you have to understand the moment inventories are lean, you've got to buy. Steel stocks: Analysts at Jefferies initiated coverage of steel stocks, beginning with a buy rating on Cleveland-Cliffs and U.S. Steel and hold ratings on Nucor and Steel Dynamics . JPMorgan Chase : The banking giant slightly raised its full-year net interest income outlook to $91 billion from $90 billion.

Persons: Jim Cramer's, Elliott, Jim Cramer, Morgan Stanley, Cramer, you've, I've, Frank Del Rio, Harry Sommer, He'll Organizations: CNBC, Club, Johnson, Bloomberg News, Micron Technology, Jefferies, Cliffs, . Steel, Steel Dynamics, JPMorgan Chase, Cruise Locations: Cleveland

☆ Stocks making the biggest moves premarket: Apple, Nvidia, Li Auto and more
▼ + stars: | 2024-05-20 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Apple — Apple shares slipped less than 1% after Reuters reported the technology giant is implementing aggressive discounts on its iPhones in China. Micron Technology — Shares moved 2.3% higher after Morgan Stanley upgraded the semiconductor company to equal weight from underweight. Johnson Controls — Shares rose 5% after Bloomberg News reported Elliott Management has built a more than $1 billion stake in the security and safety company. Teradyne – The semiconductor testing equipment stock rose nearly 3%. Goldman Sachs upgraded Teradyne to a buy rating, citing its recent strong quarter and expectations for a "cyclical recovery" within its system-on-chip design test business.

Persons: Morgan Stanley, Li, Johnson, Elliott, Goldman Sachs, —, Alex Harring, Michelle Fox Organizations: Apple, Reuters, Micron Technology —, Micron, Nvidia, Barclays, Stifel, Li Auto, GameStop, AMC Entertainment, Bloomberg News, Elliott Management Locations: China

☆ Stocks making the biggest moves midday: Hims & Hers Health, Norwegian Cruise Line, Target and more
▼ + stars: | 2024-05-20 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Wix.com — The web development company jumped more than 25% after it posted better-than-expected first-quarter results. Norwegian Cruise Line — The cruise line operator jumped more than 8% after Norwegian Cruise Line lifted its full-year earnings guidance. It also reported better-than-expected first-quarter results. Hasbro — Shares gained 3% after Morgan Stanley called Hasbro a top pick, saying its recent underperformance gives investors a strong entry point. Uranium stocks have recently gained after President Joe Biden signed a bill banning imports of Russian uranium for nuclear fuel.

Persons: Wix.com, Li Auto, Goldman Sachs, Morgan Stanley, Johnson, Elliott, Joe Biden, NuScale, — CNBC's Michelle Fox, Lisa Kailai Han, Alex Harring, Samantha Subin Organizations: Norwegian Cruise, Target, GameStop, Micron Technology, Hasbro —, Hasbro, Bloomberg News, Elliott Management, Nvidia, Microsoft, Dell Technologies Locations: Norwegian, U.S, NextDecade's Rio

☆ Richard Mille watch could set a record at Christie’s New York auction
▼ + stars: | 2024-05-19 | by ( Amarachi Orie | ) edition.cnn.com time to read: +3 min

CNN —Auction house Christie’s in New York is set to offer up its most expensive watch ever – a limited-edition Richard Mille – alongside rare timepieces, such as ones that once belonged to a former US president and an Apollo 7 astronaut. The transparent Richard Mille wristwatch, with a complex sapphire case design and sapphire crystal skeletonized tourbillon, is expected to sell for up to $4 million at auction at Christie’s Rockefeller Center on June 10. “We are particularly enthusiastic about offering the Limited-Edition Richard Mille RM56-02 AO Tourbillon Sapphire, a remarkable achievement in both pioneering materials and micro-engineering,” Rebecca Ross, head of sale at Christie’s in New York, said in the release. Another limited-edition Richard Mille watch, with a diamond-set skull, will be the first of its kind to be brought to auction and is expected to fetch up to $1 million, according to Christie’s. The Rolex Daytona watch was reportedly worn by late NASA astronaut Walter Cunningham in space.

Persons: Richard Mille –, Mille, ” Christie’s, Richard Mille RM56, Sapphire, ” Rebecca Ross, Richard Mille, Paul Newman, Walter Cunningham, Cunningham, Philippe, Lyndon B, Johnson, Robert Kerr, –, ” Ross Organizations: CNN, Christie’s Rockefeller Center, NASA, Rolex, Tiffany Locations: New York, Hong Kong

☆ Live Updates: Cross-Examination of Michael Cohen to Continue in Trump Trial
▼ + stars: | 2024-05-16 | by ( Michael Wilson | ) www.nytimes.com time to read: +5 min

Mr. Trump faces 34 felony counts of falsifying business records to hide the reimbursement of Mr. Cohen. Mr. Trump, 77, has denied the charges and says he did not have sex with Ms. Daniels. Mr. Blanche grilled Mr. Cohen about social media posts. Their defense of Mr. Trump follows a gag order that bars him from attacking jurors and witnesses like Mr. Cohen. Mr. Trump has already been cited for 10 violations so far and threatened with jail if he continues.

Persons: Michael D, Cohen, Michael Cohen, Donald Trump, Todd Blanche, Trump, Stormy Daniels, Daniels, Trump’s, Juan M, Merchan, “, Mr, Blanche, ” Mr, Donald J, Mark Peterson, Cohen’s, Mike Johnson of, Johnson, ”, Doug Burgum, Vivek Ramaswamy Organizations: Mr, Prosecutors, Republican Party Locations: Manhattan, Lake, Mike Johnson of Louisiana, North

☆ House Speaker Joins Republicans Visiting Trial to Say What Trump Can’t
▼ + stars: | 2024-05-14 | by ( Michael Wilson | Catie Edmondson | ) www.nytimes.com time to read: +1 min

As a key witness testified inside the Manhattan criminal courthouse on Tuesday morning, an increasingly familiar scene unfolded outside, as another in a parade of well-known visitors — this time Mike Johnson, the speaker of the House — stepped up to a microphone. “This is a man who is clearly on a mission for personal revenge,” Mr. Johnson said, attacking the man on the stand, Michael D. Cohen, the former fixer to Donald J. Trump. “He is someone who has a history of perjury. In recent days, Trump allies have stepped up one after another as his proxies, although Mr. Trump used a different term. “I do have a lot of surrogates,” he said in remarks before trial proceedings began on Tuesday, “and they are speaking very beautifully.”

Persons: Mike Johnson, —, ” Mr, Johnson, Michael D, Cohen, Donald J, Trump’s, Trump, ”, “ Organizations: Trump Locations: Manhattan

☆ These 'virtuous' stocks with high dividend growth and strong cash flow are primed for outperformance, Wolfe Research says
▼ + stars: | 2024-05-13 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Against this backdrop, Wolfe Research screened for stocks that can help investors navigate a still challenging macroeconomic backdrop. "One of our favorite dividend strategies is to buy companies with a virtuous combination of (1) high dividend growth, and (2) a high free cash flow yield," Wolfe Research's Chris Senyek wrote. Johnson & Johnson was one of the companies that made the cut. Johnson & Johnson also said earlier in May it would spend $6.5 billion to resolve all outstanding litigation in the U.S. tied to claims its talc power caused ovarian cancer. JNJ YTD mountain Johnson & Johnson stock.

Persons: isn't, Wolfe, Chris Senyek, Johnson, Enrique Lores, it's, — CNBC's Michael Bloom Organizations: Federal Reserve, Wolfe Research, Wall, Johnson, HP Inc, HP, Constellation Energy, Constellation, eBay, Vistra Energy Locations: U.S, Johnson

☆ Mike Johnson Becomes the Speaker of the Whole House. For Now.
▼ + stars: | 2024-05-09 | by ( Carl Hulse | ) www.nytimes.com time to read: +1 min

The notion that the speaker serves the whole House is often tossed around, but rarely the case. Representative Mike Johnson can now, for better or worse, truly lay claim to being speaker of the whole House, after Democrats saved him from a Republican-led coup on Wednesday in another remarkable moment in a chaotic Congress filled with them. Had Democrats not come to his rescue, the votes existed in his own party to potentially oust him. The result left Mr. Johnson, a Louisiana Republican still new to the job, indebted to Democrats even as he immediately sought to distance himself from them by emphasizing his deep conservative credentials. Democrats said their support for him underscored their bona fides as the grown-up party willing to go so far as to back a conservative Republican speaker to prevent the House from again going off the rails.

Persons: Mike Johnson, Johnson Organizations: Republican, House, Republicans, Louisiana Republican Locations: Louisiana

The Major Supreme Court Cases of 2024No Supreme Court term in recent memory has featured so many cases with the potential to transform American society. In 2015, the Supreme Court limited the sweep of the statute at issue in the case, the Sarbanes-Oxley Act of 2002. In 2023, the Supreme Court temporarily blocked efforts to severely curb access to the pill, mifepristone, as an appeal moved forward. A series of Supreme Court decisions say that making race the predominant factor in drawing voting districts violates the Constitution. The difference matters because the Supreme Court has said that only racial gerrymandering may be challenged in federal court under the Constitution.

Persons: Donald J, Trump, Anderson, Sotomayor Jackson Kagan, Roberts Kavanaugh Barrett Gorsuch Alito Thomas, Salmon, “, ”, Mr, Nixon, Richard M, privilege.But, Fitzgerald, Vance, John G, Roberts, Fischer, Ruth Bader Ginsburg, Clarence Thomas, Samuel A, Alito Jr, Alito, ’, Moyle, Wade, Roe, Johnson, Robinson, Moody, Paxton, Robins, Media Murthy, Sullivan, Murthy, Biden, Harrington, Sackler, Alexander, Jan, Raimondo, ” Paul D, Clement, Dodd, Frank, Homer, Cargill Organizations: Harvard, Stanford, University of Texas, Trump, Liberal, Sotomayor Jackson Kagan Conservative, Colorado, Former, Trump v . United, United, Sarbanes, Oxley, U.S, Capitol, Drug Administration, Alliance, Hippocratic, Jackson, Health, Supreme, Labor, New York, Homeless, Miami Herald, Media, Biden, National Rifle Association, Rifle Association of America, New York State, Purdue Pharma, . South Carolina State Conference of, Federal, Loper Bright Enterprises, . Department of Commerce, Chevron, Natural Resources Defense, ”, SCOTUSPoll, Consumer Financial, Community Financial Services Association of America, Securities, Exchange Commission, Exchange, Occupational Safety, Commission, Lucia v . Securities, Federal Trade Commission, Internal Revenue Service, Environmental Protection Agency, Social Security Administration, National Labor Relations Board, Air Pollution Ohio, Environmental, Guns Garland, Alcohol, Tobacco, Firearms, Explosives, National Firearms, Gun Control Locations: Colorado, Trump v . United States, United States, Nixon, Florida, Gulf of Mexico, Dobbs v, Idaho, Roe, Texas, States, New, New York, Grants, Oregon, . California, Martin v, Boise, Boise , Idaho, Missouri, Parkland, Fla, Murthy v . Missouri, . Missouri, ., South Carolina, Alabama, SCOTUSPoll, Lucia v, Western

☆ Fresh Off Defeat in Speaker Fight, Greene Is ‘Thrilled’ With the Chaos She Wrought
▼ + stars: | 2024-05-09 | by ( Annie Karni | ) www.nytimes.com time to read: +1 min

As Republicans and Democrats booed her loudly Wednesday when she called a snap vote on the House floor to oust Speaker Mike Johnson, Representative Marjorie Taylor Greene, Republican of Georgia, paused briefly to narrate the drama to viewers back home. “This is the uniparty, for the American people watching,” Ms. Greene sneered, peering over her glasses at her colleagues like a disappointed schoolteacher. Ms. Greene went on to take her shot at Mr. Johnson and miss, an outcome that she knew was a certainty. The move buoyed Mr. Johnson, confirming his status as the leader of an unlikely bipartisan governing coalition in the House that Ms. Greene considers the ultimate enemy. And it isolated Ms. Greene on Capitol Hill, putting her back where she was when she arrived in Washington three years ago: a provocateur and subject of derision who appears to revel in causing huge headaches for her colleagues.

Persons: Mike Johnson, Marjorie Taylor Greene, Ms, Greene sneered, Greene, Johnson, revel Organizations: Democrats, Republican, Republicans, Capitol Locations: Georgia, Washington

Speaker Mike Johnson on Wednesday easily batted down an attempt by Representative Marjorie Taylor Greene of Georgia to oust him from his post, after Democrats linked arms with most Republicans to fend off a second attempt by G.O.P. The vote to kill the effort was an overwhelming 359 to 43, with seven Democrats voting “present.”Democrats flocked to Mr. Johnson’s rescue, with all but 39 of them voting with Republicans to block the effort to oust him. In addition to the seven who voted “present,” registering no position, 32 Democrats voted against thwarting Ms. Greene’s motion. While for weeks Ms. Greene had appeared to be on a political island in her drive to jettison yet another G.O.P. speaker, 11 Republicans ultimately voted against blocking her motion.

Persons: Mike Johnson, Marjorie Taylor Greene, Johnson’s, “, Johnson, Kevin McCarthy, Greene, McCarthy Organizations: Democratic, Republicans, Democrats Locations: Georgia

☆ Whoopi Goldberg revealed what one 'Sister Act' star did after her mother died
▼ + stars: | 2024-05-07 | by ( Olivia Singh | ) www.businessinsider.com time to read: +3 min

Read previewWhoopi Goldberg revealed that her "Sister Act" costar, Maggie Smith, consoled her after she learned of her mom, Emma Johnson's, death in 2010. Goldberg recalled the touching moment in her new memoir " Bits and Pieces: My Mother, My Brother, and Me ," released Tuesday. AdvertisementMaggie Smith as Mother Superior and Whoopi Goldberg as Deloris Van Cartier in "Sister Act." "I explained to Maggie Smith what was going on and apologized for having to fly home as soon as I could. "That's when this magnificent woman, Dame Maggie Smith, went from being my backstage company to being my friend through the rest of the night," she said.

Persons: —, Whoopi Goldberg, Maggie Smith, Emma Johnson's, Goldberg, cohost, Superior, Clyde K, Johnson, Smith, Mother Superior, Deloris Van Cartier, Goldberg's, Emma Johnson, John Nacion, Dame Maggie Smith, Maggie, I've Organizations: Service, London Palladium, Business, Variety Locations: San Francisco

☆ Jim Cramer shares his thoughts on Tyson Foods, Micron, U.S. Steel, Johnson Controls and Robinhood
▼ + stars: | 2024-05-06 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +2 min

Tyson Foods : Shares fell nearly 7% after the meat supplier issued a weak third-quarter outlook. I think the last story has not been written yet on Tyson," Jim Cramer said. Johnson Controls : Shares were basically flat Monday after UBS downgraded the stock to a hold-equivalent rating. Robinhood : The Securities and Exchange Commission informed Robinhood over the weekend that it could pursue enforcement actions tied to the brokerage's cryptocurrency operations. Robinhood shares were initially up more than 1% Monday, though they've given back some of the gains.

Persons: Jim Cramer's, Tyson, Jim Cramer, Baird, Cramer, Morgan Stanley, David Gitlin, Robinhood, they've Organizations: CNBC, Club, Tyson, Micron Technologies, Nvidia, Micron, . Steel, Japan's Nippon Steel, U.S . Steel, Johnson, UBS, Johnson Controls, Securities, Exchange Commission

☆ Stocks making the biggest premarket moves: Berkshire Hathaway, Paramount, Spirit Air, Victoria's Secret and more
▼ + stars: | 2024-05-06 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Paramount — Shares popped 2.4% following a report that the owner of Paramount Pictures and CBS Entertainment Group began formal acquisition negotiations with a group led by Sony Pictures Entertainment and Apollo. Morgan Stanley downgraded Victoria's Secret to underweight and cut its price target, citing expectations for negative EPS revisions and a tough second half for specialty retail. EHang Holdings — The autonomous aircraft stock advanced 3.2% on the heels of a bullish initiation of research coverage from Morgan Stanley. United States Steel — Shares of the Pittsburgh-based steelmaker rose more than 2% after Morgan Stanley upgraded it to overweight from equal weight. U.S. Steel shares have room to rise thanks to internal improvements, even if the Nippon Steel buyout deal collapses, Morgan Stanley said in a note.

Persons: Warren Buffett, Li, Tyson, Howard Shultz, Morgan Stanley, Coinbase, Bausch, Johnson, —, Sarah Min, Tanaya Macheel, Jesse Pound, Michelle Fox, Samantha Subin Organizations: Berkshire Hathaway, Paramount, Paramount Pictures, CBS Entertainment Group, Sony Pictures Entertainment, Spirit Airlines, Li Auto, StreetAccount, Starbucks, EHang Holdings, United States Steel, . Steel, Nippon Steel, Barclays, UBS Locations: Berkshire, China, Pittsburgh

☆ Biden faces widening partisan split over Israel
▼ + stars: | 2024-05-06 | by ( Ronald Brownstein | ) edition.cnn.com time to read: +17 min

CNN —President Joe Biden is facing more critical moments this week that will test his fraught relationship with his base over Israel’s war in Gaza and potentially widen the partisan split about the Jewish state that has been building for years. Against this backdrop, partisan polarization about Israel among American voters was already widening years before the brutal Hamas attack last October and the devastating Israeli response it triggered. An array of polls this spring show how the war in Gaza has hardened this partisan split. Nearly half of Democrats, but only a little over one-fifth of Republicans in the CBS poll, said the US should pressure Israel to stop the fighting. “Biden has a Democratic caucus that is putting a lot of faith in this process,” she said.

Persons: Joe Biden, Long, Benjamin Netanyahu, Netanyahu, “, ”, Aaron David Miller, Biden, Harry Truman, Lyndon B, Johnson, Jimmy Carter, Bill Clinton, Dwight Eisenhower, Richard Nixon, Ronald Reagan, George H.W, Bush, Reagan, George W, Donald Trump, Clinton, Barack Obama, Republicans —, Obama, Israel, Biden —, Gallup, Trump, That’s, Chuck Schumer, Mike Johnson, Biden’s, Jamaal Bowman, Cori Bush, Waleed Shahid, Shahid, David, it’s Goliath, David ”, Miller, “ Biden, ’ ”, Ben Rhodes, ” Biden, “ We’re, Saudi Arabia — “, Mark Mellman, Schumer, Sen, Bernie Sanders, Israel’s, Chris Murphy of, Chris Van Hollen, Chris Coons, Tim Kaine, Virginia, Van Hollen, Amanda Klasing, — Organizations: CNN, Israel, Republican, Democratic, Gallup Organization, Carnegie Endowment, International Peace, Holocaust Memorial, GOP, Whites, Republican Party, Republicans, Gallup, Trump, Chicago Council, Global Affairs, Quinnipiac University, CBS, Liberal, American Israel Public Affairs Committee, AIPAC, National Security Council, Amnesty International, Amnesty Locations: Gaza, Israel, United States, Iran, Quinnipiac, Washington, New York, Missouri, Yom Kippur, Saudi Arabia, Sens, Chris Murphy of Connecticut, Maryland, Delaware, Rafah

☆ Why Kristi Noem Is in the Doghouse
▼ + stars: | 2024-05-06 | by ( A.O. Scott | ) www.nytimes.com time to read: +1 min

In April 1964, President Lyndon B. Johnson was photographed lifting one of his beagles (he had two, named Him and Her) by the ears. Johnson won the 1964 presidential election in a landslide. Kristi Noem is no L.B.J. Appearing on “Face the Nation” on Sunday, Noem was unapologetic. She insisted that Cricket, whom she described in her book as an “untrainable” chicken-killer, got what was coming.

Persons: Lyndon B, Johnson, —, Barry Goldwater, Kristi Noem, Donald J, Trump, ”, Mitt Romney, Noem Organizations: White, The South, Cricket Locations: The, The South Dakota, Noem’s

6:41 a.m.: Morgan Stanley raises Carvana price target Morgan Stanley likes what it sees from Carvana after its "operational turnaround." The bank reiterated an underweight rating on the used car retailer but raised its price target to $75 per share from $45. "Throughout 2023, CVNA transitioned from a distressed equity into an operational turnaround with a restructured interest burden," Morgan Stanley analyst Adam Jonas said. The firm downgraded the HVAC stock to neutral from buy and lowered its price target to $68 per share from $74. MU YTD mountain MU year to date — Brian Evans 5:45 a.m.: Morgan Stanley upgrades U.S. Steel There's a big buying opportunity in U.S. Steel after a recent pullback this year, according to Morgan Stanley.

Persons: Morgan Stanley, Baird, Morgan Stanley's, CVNA, Adam Jonas, — Brian Evans, Wells, Mike Mayo, Mayo, Brian Evans, Johnson, Damian Karas, " Karas, Tristan Gerra, Gerra, Carlos De Alba, Alba, De Alba, Fred Imbert Organizations: CNBC, U.S, Steel, Micron Technology, Wells Fargo, Citi, UBS, Johnson, JCI, Micron, MU, Nippon Steel, U.S . Steel, . Steel Locations: Carvana, Wells Fargo, Friday's, U.S

☆ When Prison and Mental Illness Amount to a Death Sentence
▼ + stars: | 2024-05-05 | by ( Glenn Thrush | Carlos Javier Ortiz | ) www.nytimes.com time to read: +1 min

Four men in black tactical gear pinned him, his face to the concrete, to cuff his hands behind his back. “I didn’t do anything,” Mr. Johnson moaned as they pressed a shield between his shoulders. Mr. Johnson, 21 and serving a short sentence for gun possession, was in the throes of a mental collapse that had gone largely untreated, but hardly unwatched. But for the previous three weeks, Mr. Johnson, who suffered from bipolar disorder and schizophrenia, had refused to eat or take his medication. Most dangerous of all, he had stealthily stopped drinking water, hastening the physical collapse that often accompanies full-scale mental crises.

Persons: Markus Johnson, Mr, Johnson moaned, Johnson Organizations: Danville Correctional Center Locations: Danville, Chicago

☆ Critics have panned Jerry Seinfeld's 'Unfrosted.' One called it 'one of the worst films of the decade.'
▼ + stars: | 2024-05-03 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +1 min

One critic described it as "one of the worst films of the decade ." Peter Bradshaw, The Guardian film critic, said the film was "amiable and funny." Richard Roeper, the Chicago Sun Times entertainment columnist, wrote that the film was "one of the worst films of the decade so far." William Bibbiani, a critic for The Wrap, began his review with: "Jerry Seinfeld's new comedy 'Unfrosted' is an impressive film. Tim Robey, The Telegraph film critic, described his viewing experience as "trapped in a writers' room full of stale air."

Persons: Drew Tarver, Mikey Day, Kyle Mooney, Andy Daly, Isaiah Lamb, John P, Johnson, Peter Bradshaw, Richard Roeper, William Bibbiani, Jerry Seinfeld's, It's, it's, Tim Robey Organizations: Netflix, Guardian, Chicago Sun Times, The Telegraph

☆ Britain’s Conservatives suffer heavy losses in a sign that Rishi Sunak is in real trouble
▼ + stars: | 2024-05-03 | by ( Luke Mcgee | ) edition.cnn.com time to read: +4 min

CNN —Britain’s governing Conservative Party suffered heavy losses in local elections, a sign that they could be in real trouble when the country holds a general election at some point later this year. It also means that if a general election were held tomorrow, the opposition Labour Party would almost certainly win power. What these results don’t tell us is when the general election will take place. Conservatives are divided on when they think Sunak should bite the ballot bullet. Others think Sunak should look toward the end of the year, as it allows the most time for things to improve.

Persons: Rishi Sunak, Keir Starmer, Sunak, Rwanda –, Boris Johnson, Liz Truss, Johnson, Truss Organizations: CNN, Conservative Party, Labour Party, Conservative, Labour, Reform, Conservatives Locations: Rwanda

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