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☆ Michigan attorney general charges fake Trump electors over alleged 2020 election crimes
▼ + stars: | 2023-07-18 | by ( Dan Mangan | ) www.cnbc.com time to read: +3 min

Attorney Dana Nessel, surrounded by her family, announces her bid for Michigan Attorney General in Braun Court Ann Arbor on Tuesday, Aug. 15, 2017. Mandi Wright | Detroit Free Press | Tribune News Service via Getty ImagesMichigan's attorney general on Tuesday criminally charged 16 so-called "fake electors" for former President Donald Trump, accusing them of a fraudulent effort to reverse President Joe Biden's victory in the state's 2020 election. The 16 people each face eight charges, including election law forgery, uttering and publishing and conspiracy, state Attorney General Dana Nessel said in a video announcement. The case is the first time that any members of fake Electoral College slates for Trump have been criminally charged. Smith's investigation is focused on, among other things, the attempted use of fake Electoral College slates to thwart Biden's victory.

Persons: Dana Nessel, Braun Court Ann Arbor, Mandi, Donald Trump, Joe Biden's, Nessel, Trump, Jack Smith, Mike Pence, Kathy Berden, Rose Rook, Mayra Rodriguez, Hank Choate, Meshawn Maddock, Ann Henry, John Haggard, Clifford Frost, Kent Vanderwood, Stanley Grot, Marian Sheridan, Timothy King, James Renner, Michel Lundgren, Amy Facchinello, Ken Thompson, Maddock Organizations: Michigan, Braun Court, Detroit Free Press, Tribune, Service, Getty, Trump, of Justice, Biden, GOP, Electoral, U.S . Senate, National, CNN, Michigan Republican, U.S, Supreme Locations: Braun, Mandi Wright, Michigan, Mari, Texas, Georgia , Pennsylvania, Wisconsin

☆ What we know about the 16 fake electors charged in Michigan
▼ + stars: | 2023-07-18 | by ( Marshall Cohen | ) edition.cnn.com time to read: +5 min

Some of the GOP electors in Michigan were local activists who were recruited to serve as “fake electors,” all while inaccurately believing there was still a chance that then-President Donald Trump might secure a second consecutive term. CNN has reached out to the 16 fake electors for comment about the criminal charges. Here’s what we know about the 16 fake electors facing state charges. Meshawn Maddock, 55, was co-chair of the Michigan Republican Party during the 2020 campaign and is married to a GOP member of the Michigan House of Representatives. James Renner, 76, was also brought in later in the process to replace one of the original GOP electors.

Persons: ”, Donald Trump, Meshawn Maddock, Kathy Berden, Marian Sheridan, Kent Vanderwood, Stanley Grot, Amy Facchinello, Ann Henry, Michele Lundgren, “, we’d, Trump, …, ” Clifford Frost, John Haggard, Timothy King, Rose Rook, Mayra Rodriguez, Hank Choate, Sonny Perdue, Ken Thompson, Thompson, James Renner Organizations: CNN, Republicans, Republican National Committee, Trump, Michigan Republican Party, GOP, Michigan, Representatives, Republican National Convention, Wyoming City Council, 2nd District Republican Party, Genesee County Republican Party, Congressional, Republican, Democratic, Detroit Free Press, Michigan GOP Locations: Michigan, Washington ,, DC, Wyoming , Michigan, Grand Rapids, Wyoming, Shelby Township, Grand Blanc, Flint , Michigan, Genesee, Michigan’s, Lansing, Detroit, Macomb County, Van Buren County

“This is part of a national coordinated” effort to stop Mr. Trump, she added. The Michigan charges were announced on the same day that Mr. Trump said he received another so-called target letter from Jack Smith, the special counsel for the Justice Department who is investigating his efforts to hold onto power after he lost the 2020 election. Both investigations are part of a reckoning over the conspiracy theories Mr. Trump and his allies have promoted about the election. Outside of Michigan, supporters of Mr. Trump, then the president, pushed to convene slates of fake electors in six other swing states that Mr. Biden actually won. One of those states, Georgia, is the site of a separate criminal investigation involving Mr. Trump himself, who pressured state officials to help him overturn his loss.

Persons: Trump, Kathy Berden, Marian Sheridan, Jack Smith, Joseph R, Biden, Mr, —, Mike Pence, Matthew DePerno, Nessel Organizations: Republican National Committee, Justice Department, Capitol, Mr, Trump, Biden, Republican Locations: Michigan, Georgia

☆ Goldman Sachs says Yelp shares are worth buying, can rally more than 20%
▼ + stars: | 2023-07-17 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Goldman Sachs is optimistic on Yelp as investors weigh the outlook for the digital advertising industry in the second half of 2023. Analyst Eric Sheridan upgraded the stock to buy from neutral and raised his price target by $9 to $47. Sheridan's new target implies shares could rally 23.3% from Friday's close. And Yelp is one stock in the space with a risk-reward skew that has turned more positive, Sheridan said. Despite the stock's rally, he said shares are still considered cheap when comparing price and earnings.

Persons: Goldman Sachs, Eric Sheridan, Sheridan, — CNBC's Michael Bloom Organizations: Yelp Locations: Friday's

☆ Goldman Sachs says this underperforming e-commerce stock can rally more than 30% going forward
▼ + stars: | 2023-07-17 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Investors should buy shares of underperforming Chewy as the pandemic-driven consumer base matures and the company's earnings outlook improves, according to Goldman Sachs. Analyst Eric Sheridan upgraded pet supplies e-commerce stock Chewy to buy from neutral and raised his price target by $8 to $50. With this target, Sheridan thinks the stock can rally 31.6% over the next year from where it ended Friday. The stock has underperformed the S & P 500 this year, up just 2.5%. Margins should also get a boost as the company improves its supply chain and increases automation at fulfillment centers.

Persons: Goldman Sachs, Eric Sheridan, Sheridan, Chewy, — CNBC's Michael Bloom Locations: Monday's premarket

☆ Emmy Snubs and Surprises: ‘Jury Duty’ In, ‘Yellowstone’ Still Out
▼ + stars: | 2023-07-12 | by ( Mike Hale | More About Mike Hale | ) www.nytimes.com time to read: +2 min

With minor exceptions, the major categories were filled in the expected ways when the 2023 Primetime Emmys nominations were announced on Wednesday. Some surprises cropped up further down the page, where the members of the Television Academy apparently started checking off every name they saw from favored shows like “Ted Lasso” and “The White Lotus.”Snub: Taylor SheridanHe may be the most successful maker of television currently working, but Sheridan gets no respect at the Emmys. But it was a mild shock to see a second Disney+ “Star Wars” show (along with “Andor”) break through in the limited-series category. Ewan McGregor, who reprised his Obi-Wan role from the prequel films, apparently draws a lot of good will. The merger of TV comedy into satirical drama is just about complete.

Persons: Ted Lasso ”, Taylor Sheridan, Sheridan, ”, Tulsa King ”, Kingstown ”, Helen Mirren, ‘ Obi, Wan, “ Andor, Ewan McGregor, Obi, “ Obi, Wan ”, “ Abbott, ” “ Barry, Maisel Organizations: Television Academy, Tulsa King, “ Tulsa King, Disney Locations: Kingstown, “ Tulsa

☆ Goldman says buy call options on these stocks that will report better-than-expected earnings
▼ + stars: | 2023-07-12 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Goldman Sachs says it's a good time for investors to eye single stock options ahead of a slate of quarterly results. The firm compiled a list of stocks Goldman labels as "out-of-consensus opportunities" for put and call options ahead of each company's quarterly earnings report date. Goldman sees 3% upside to earnings consensus for the current quarter and 4% upside for the next four quarters. Goldman Sachs retail analyst Kate McShane is forecasting 34% upside for the stock over the next 12 months. Ahead of upcoming results, Goldman recommends buying call options for a $37.50 strike price, expiring in August.

Persons: Goldman Sachs, it's, John Marshall, Goldman, Toshiya Hari, NVDA, Kate McShane, BBWI, Eric Sheridan, — CNBC's Michael Bloom Organizations: Goldman, CNBC Pro, Nvidia, Body, eBay, EBAY

☆ Goldman Sachs issues its verdict on generative A.I. and names top stocks to play it
▼ + stars: | 2023-07-07 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

Goldman Sachs says the recent surge in artificial intelligence stocks is not just hype but is driven by genuine potential in the new technology. Goldman's analysts dismissed some of those concerns and said companies like Nvidia and Microsoft are still trading at reasonable multiples. Stocks exposed to A.I. The analysts also highlighted stocks exposed to the AI trend, including Microsoft , Alphabet , and Amazon , leveraging their vast computing infrastructures to commercialize AI on a grand scale. According to Goldman Sachs, companies like Meta Platforms, Salesforce, Adobe, ServiceNow, Intuit, Capgemini, Pearson, London Stock Exchange Group, and Relay Therapeutics were also exposed to the AI theme.

Persons: Goldman Sachs, ChatGPT, Kash Rangan, Bubbles, Eric Sheridan, Sheridan, Stocks, Pearson Organizations: Robotics, Artificial Intelligence, Street, upstarts, Microsoft, Google, Nvidia, Wall, Marvell Technology, TSMC, Unimicron Technology, Adobe, Intuit, Capgemini, London Stock Exchange Group, Therapeutics

Goldman Sachs has a slightly more optimistic outlook on Netflix now. Analyst Eric Sheridan upgraded shares to neutral from sell. Sheridan noted that Netflix shares have popped 135% since Goldman added Netflix to its sell list in June 2022. NFLX YTD mountain NFLX in 2023 Netflix is scheduled to announce its most recent quarterly earnings report July 19. Goldman anticipates Netflix's subscriber performance to top Wall Street's estimates.

Persons: Goldman Sachs, Eric Sheridan, Sheridan, Goldman, — CNBC's Michael Bloom Organizations: Netflix Locations: Monday's

Goldman Sachs released its list of high conviction stocks — with a new twist. What makes this list unique from the typical top picks list is that members of Goldman's Investment Review Committee were the ones choosing the names, adding a second layer of analysis. Take a look at some of the names that made the list, and where Goldman sees them going forward. Goldman expects shares to have 42% upside over the next 12 months. The tech giant's scale, platform breadth, category diversification and end-market exposure will further fuel its upside opportunity in the years ahead, according to Sheridan.

Persons: Goldman Sachs, Steven Kron, Goldman, Kate McShane, Chris Shibutani, Eric Sheridan, Brett Feldman, Max —, — CNBC's Michael Bloom Organizations: Goldman's Investment, Pharmaceutical, Merck, Goldman, Amazon, Services, Warner Bros, HBO Max Locations: Sheridan, WarnerMedia

☆ Opinion | Can the Writers’ Strike Fix Hollywood?
▼ + stars: | 2023-05-20 | by ( Ross Douthat | ) www.nytimes.com time to read: +2 min

A somewhat more pessimistic analysis, offered by writers like Sonny Bunch and Jessa Crispin, emphasizes that the superhero-sweatshop corporate strategy evolved because it’s giving audiences what they want. And so even if the strike is an opportunity for reconsiderations, it’s probably not a lever that can change the system as a whole. Personally I would like to see the strike lever a different Hollywood system into being. (HBO’s “Westworld,” for instance, or lately Showtime’s “Yellowjackets.”) Sometimes they play like thin imitations of the previous decade’s antihero dramas. Or they take on the character of the theatrical experience but somewhat worse — with too-big-to-fail franchises that nobody really enjoys.

☆ Sean Penn: Studios' AI stance in Hollywood writers strike a 'human obscenity'
▼ + stars: | 2023-05-19 | by ( ) www.reuters.com time to read: +2 min

[1/2] The 76th Cannes Film Festival - Press conference of the film "Black Flies" in competition - Cannes, France, May 19, 2023. Cast member Sean Penn attends. REUTERS/Gonzalo FuentesCANNES, May 19 (Reuters) - Actor Sean Penn said on Friday he supported striking Hollywood writers and called studios' rejection of their demand to restrict the use of artificial intelligence in writing scripts a "human obscenity". "There are a lot of new concepts that are being tossed about, you know, including the use of AI," Penn said at a press conference at the Cannes Film Festival. The Writers Guild of America is seeking to restrict the use of AI in writing scripts.

☆ Sean Penn, Tye Sheridan reunite on screen in Cannes competitor 'Black Flies'
▼ + stars: | 2023-05-18 | by ( ) www.reuters.com time to read: +1 min

[1/5] The 76th Cannes Film Festival - Screening of the film "Black Flies" in competition - Red Carpet Arrivals - Cannes, France, May 18, 2023. Sean Penn, Tye Sheridan and Director Jean-Stephane Sauvaire... Read moreCANNES, May 18 (Reuters) - Sean Penn and Tye Sheridan are reunited on the big screen after more than a decade in "Black Flies," a gritty tale about New York City paramedics that premiered in Cannes on Thursday. The two actors previously appeared together in 2011's Palme d'Or winner "The Tree of Life," directed by Terrence Malick. Oscar-winning Penn, 62, plays veteran paramedic Rutkovsky while Sheridan, 26, known for his role as Cyclops in the X-Men film series, stars as Cross, who is just starting in the field. Former boxer Mike Tyson, Michael Pitt from "Funny Games," and Katherine Waterston of "Inherent Vice" also have parts.

☆ This startup deploys AI in restaurants to make them operate more efficiently. Check out the 12-slide pitch deck Nory used to raise $7.6 million.
▼ + stars: | 2023-05-17 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +3 min

Nory has created an AI operating system to enable hospitality businesses to operate efficiently. "The hospitality industry has been under a lot of pressure, with inflation and staffing issues," he told Insider. Sheridan founded Nory in 2020 to help restaurateurs and other hospitality businesses "navigate that environment so they perform consistently." The platform is used by a range of UK and European hospitality businesses, including Stonegate Pubs and Dr. Juice. "Our thesis is that the hospitality industry is ripe for disruption," he said.

☆ Paramount Can’t Say No to the Man Behind ‘Yellowstone’: $50,000 a Week for His Ranch, $25 Per Cow
▼ + stars: | 2023-05-05 | by ( Erich Schwartzel | Joe Flint | ) www.wsj.com time to read: 1 min

No one on the set of “Yellowstone” could figure out why the show was paying a horse wrangler who was more than 1,600 miles away. It was May 2022, and the Paramount Network blockbuster western was gearing up for a fifth season that was, by all accounts, expected to be another hit—both for its all-powerful creator, Taylor Sheridan, and Paramount Global , the media conglomerate bankrolling his operation.

☆ ‘Yellowstone,’ TV’s Hit Western, Will End Its Run After This Season
▼ + stars: | 2023-05-05 | by ( Marc Tracy | ) www.nytimes.com time to read: +1 min

The current season of “Yellowstone,” the Western starring Kevin Costner that became one of the most popular shows on television, will be its last, Paramount announced Friday. The series, which airs on the Paramount Network, will be followed by a new “Yellowstone” sequel — created, like the original, by Taylor Sheridan — that will start in December, Paramount said. The sequel will air on the Paramount Network, a cable channel, and later on the Paramount+ streaming platform. Its Season 4 finale was the most-watched scripted program in 2022, Variety reported, with more than 13 million viewers. And the Season 5 premiere last November exceeded that with more than 17 million viewers, according to Paramount.

☆ PDD, Shein, Binance: These hugely successful companies were born in China. They don't want you to know that
▼ + stars: | 2023-05-04 | by ( Michelle Toh | ) edition.cnn.com time to read: +10 min

Hong Kong CNN —Binance, the world’s largest cryptocurrency exchange, doesn’t want to be called a Chinese company. “Our opposition in the West bends over backward to paint us as a ‘Chinese company,’” he wrote in a blog post last September. Zhao has been vocal about how he feels his firm is misrepresented as a "Chinese company." The same concern could, in theory, apply to any Chinese company. TikTok CEO Shou Chew testifying before US Congress in March.

☆ Pinterest's guidance is disappointing, but its Amazon partnership shows promise, analysts say
▼ + stars: | 2023-04-28 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Wall Street analysts were mixed on Pinterest after its latest earnings results, saying the near-term outlook appears murky, though an Amazon partnership seems promising. While the image-sharing company beat expectations on the top and bottom lines in its first quarter, it issued second-quarter revenue growth expectations that were disappointing. Along with its results Thursday, Pinterest said Amazon will be its first partner for third-party ads. Bank of America's Justin Post reiterated a neutral rating, calling Pinterest a "near-term disappointment, long-term opportunity." Meanwhile, Goldman Sachs' Eric Sheridan maintained a buy rating, saying the engagement trends are pointing in the right direction.

☆ Wall Street analysts say Amazon is still a buy, but investors should ‘stay patient’ on AWS
▼ + stars: | 2023-04-28 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

Amazon is still a buy after its latest earnings results, even with some weakness in Amazon Web Services, according to Wall Street analysts. The online retail stock initially jumped Thursday night after Amazon reported better-than-expected revenue in its first quarter . Amazon shares were last down about 1% in the premarket. AMZN 1D mountain Amazon shares 1-day However, analysts stayed bullish long term on Amazon, citing continued upside in retail, but they urged investors to "stay patient" on AWS and look toward the long-term opportunity in cloud services. Meanwhile, Goldman Sachs' Eric Sheridan reiterated his buy rating on Amazon, and raised his 12-month price target to $165 from $145.

☆ TikTok has shuffled key music execs who work with artists as its owner streamlines its operations
▼ + stars: | 2023-04-27 | by ( Dan Whateley | ) www.businessinsider.com time to read: +3 min

TikTok has shifted staff on its music team in North America. An exec from its song-distribution tool is now leading TikTok's artist services for the region. TikTok has shuffled staff on its music team in North America over the past few months, naming a new artist-services lead and moving a key exec into a role at its parent company. TikTok has invested heavily in its music staff over the last few years after becoming an essential platform for song discovery and artist marketing. The company may even roll out its own TikTok Music streaming service one day, a trademark filing suggests.

☆ Analysts see even more gains ahead for Meta Platforms after latest earnings report
▼ + stars: | 2023-04-27 | by ( Brian Evans | ) www.cnbc.com time to read: +4 min

Analysts liked what they saw from Meta Platform 's latest earnings report. The company projects revenue between $29.5 billion and $32 billion, while analysts expected sales of $29.5 billion, per Refinitiv. Goldman's Eric Sheridan also hiked his price target to $300, noting Meta maintained its momentum from the fourth quarter of 2022. Meanwhile, Bank of America's Justin Post noted that Meta's revenue recovery can drive the next leg higher for the stock. He also hiked his price target on Meta shares to $305 from $270, implying upside of 45.6%.

☆ Analysts see more improvement ahead for Alphabet after latest earnings report
▼ + stars: | 2023-04-26 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Analysts are upbeat after better than expected quarterly results from Google parent company Alphabet . Despite a challenging macroeconomic environment that has caused companies to pull back advertising, Alphabet also beat analyst expectations on ad revenue. Alphabet stock gained more than 3% in extended trading after the earnings beat. GOOGL YTD mountain Shares of Alphabet gained after a quarterly earnings beat on Wednesday. "We expect GOOGL shares to continue to build its short-term momentum as company specific events (Google I/O, Google Marketing Live, etc.)

☆ Solar gets burned: Enphase Energy falls 25%
▼ + stars: | 2023-04-26 | 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 EmailSolar gets burned: Enphase Energy falls 25%Hosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC. Doug Sheridan, Energy Point Research managing director and founder, join the show to discuss

☆ Carnivorous plants may lure their insect prey with specialized scents
▼ + stars: | 2023-04-19 | by ( Kate Golembiewski | ) edition.cnn.com time to read: +6 min

CNN —Sarracenia pitcher plants, found in bogs throughout eastern North America, look like trumpet-shaped flowers, often in purplish or reddish hues. Different kinds of Sarracenia pitcher plants tend to eat different kinds of insects — some species trap more ants, while others feast on bees and moths. But recently opened pitcher plants that don’t stink of rotting bug carcasses provide an opportunity to identify the scents, she explained. The biggest challenge with the study, honestly, is that they did it in France,” rather than in the Sarracenia pitcher plants’ native North American bogs. It’s important to study pitcher plants due to the unique role they play in their increasingly fragile ecosystems, he added.

☆ Analysts say Netflix's password crackdown could reaccelerate growth, though concerns linger
▼ + stars: | 2023-04-19 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

Netflix's mixed quarterly results had something for the bulls and the bears, as analysts weighed their outlook on the streaming service against a delay in the password sharing crackdown and lackluster guidance. Hodulik upgraded Netflix to buy from neutral, saying he expects growth will inflect with double-digit profit growth and rising free cash flow. What's more, he said restricting password sharing could become "meaningfully accretive" for Netflix as soon as the third quarter. Netflix turned to an ad-supported plan, and a password sharing crackdown, after reporting its first subscriber loss last year. He cited mixed subscriber growth, light guidance, and uncertainty around the delayed rollout in the password sharing crackdown.

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