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Eli Lilly — Shares added 5% after Eli Lilly, maker of the Mounjaro diabetes and weight loss drug, beat analysts' expectations for first-quarter adjusted earnings. PayPal — Shares gained 3.6% after the payment company posted $7.70 billion in first-quarter revenue, beating analysts' estimates for $7.51 billion, according to LSEG. The chipmaker posted adjusted earnings of $3.24 per share, higher than the consensus estimate of $3.16 per share, according to LSEG. Earnings of 24 cents per share on $1.37 billion in revenue exceeded consensus forecasts of 11 cents and $1.36 billion, according to FactSet. Adjusted earnings of 71 cents per share topped anticipated earnings of 65 cents per share.
Persons: Eli Lilly —, Eli Lilly, drugmaker, Jefferies, Tesla, Goldman Sachs, Tenet, Corning, FactSet, Sysco, Medifast, Paccar, Bob Bakish, Skydance, Needham, Macheel, Michelle Fox, Yun Li, Lisa Kailai Han, Pia Singh, Sarah Min Organizations: PayPal —, PayPal, Semiconductor, Tenet, FactSet, Technology, GE Healthcare Technologies, LSEG, Taco Bell, KFC, Paramount Global, CBS, Paramount Locations: Indianapolis, China, LSEG, FactSet, Houston
SoFi Technologies — The consumer fintech company's stock price plunged about 10% on disappointing second-quarter earnings guidance. AT & T — The telecommunications stock popped 2.8% after Barclays upgraded AT & T to overweight from equal weight, citing a "mismatch" between the company's valuation and its growth prospects. Apple — Shares rose more than 3% after Bernstein upgraded the tech stock to outperform from market perform. Dave — Shares popped 9.8% after JMP initiated coverage of the fintech company with an outperform rating. Shares popped 9.8% after JMP initiated coverage of the fintech company with an outperform rating.
Persons: FactSet, Tesla, Domino's, LSEG, Roku, David Joyce, Bernstein, Toni Sacconaghi, Dave —, Dave, AMC preannounced, Bob Bakish, , Sarah Min, Tanaya Macheel, Yun Li, Lisa Kailai Han, Michelle Fox Organizations: Technologies, Elon, Sunday, U.S, Philips —, Philips, Barclays, Seaport Research Partners, Apple, Airlines —, Jeffries, AMC Entertainment Holdings, AMC, Paramount Locations: China, U.S
Venice CNN —Pope Francis has become the first pontiff to visit Venice’s contemporary art festival during a trip which saw him visit a female prison and rehabilitate the reputation of a pioneering American nun artist. Francis began his Venice trip by greeting each of the approximately 80 inmates in the prison courtyard, several of whom are involved in the exhibition. For 2024, the Venice Biennale has taken the theme “Foreigners Everywhere” and seeks to highlight artists from marginalized backgrounds. The Venice Biennale was first held in 1895 and takes place every other year, with each country having their own pavilion (the Vatican is the world’s smallest sovereign territory). For 2024, it has taken the theme “Foreigners Everywhere” and seeks to highlight artists from marginalized backgrounds.
Persons: Venice CNN — Pope Francis, Pope, Chiara Parisi, Bruno Racine, , Francis, Marco Perego, Zoe Saldaña, Saldana, ” Francis, ” Pope Francis, , Corita Kent, Kent –, Frida Kahlo, Louise Bourgeois —, ” Kent, Mary, James McIntyre, Saint Mark, Cardinal José Tolentino de Mendonça, Maurizio Cattelan, Pope John Paul II Organizations: Venice CNN, Vatican Media, Getty, Immaculate, Vatican, biennale Locations: American, Italian, Venice, Los Angeles, St, Portuguese
Insider Today: 'Stopover' travel hack
  + stars: | 2024-04-27 | by ( Joi-Marie Mckenzie | ) www.businessinsider.com   time to read: +5 min
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. One 38-year-old woman told Business Insider that instead of skipping treats, she lost 140 pounds in two years by eating more high-protein foods. On the agenda:This story is available exclusively to Business Insider subscribers. "We're Here": In this wholesome Max series, famous drag queens travel to small-town America where they give out makeovers. More of this week's top reads:The Insider Today team: Joi-Marie McKenzie, editor-in-chief, in New York.
Persons: , Anneta, Jeff Bezos, Eduardo Parra, Nick Goldson, Tyler Le, she's, Jenny Chang, Rodriguez, Brad Gilbert, Zendaya, Megan Tjelle, Tjelle, messier, Joi, Marie McKenzie, Jordan Parker Erb, Dan DeFrancesco, Lisa Ryan Organizations: Service, Business, Washington Post, Allen & Company Sun Valley Conference, That's, Soho House, Madrid Airport, Europa Press, Getty, Warner Bros, Hulu, Netflix Locations: Hailey , Idaho, Cecconi's, West Hollywood, Madrid, Chicago, Chilean, America, New York
CNN —An unexploded World War II bomb is set to be defused on Friday after it was found near the home of Bundesliga soccer club Mainz 05. A statement from the city of Mainz said the 500-kilogram (1,102-pound) American bomb was found during construction work on Wednesday, before the local area was evacuated. The club shop at the stadium will also be closed Friday when the bomb is being defused, according to the team. The club is set to host FC Köln on Sunday as both teams fight to avoid relegation this season. The presence of unexploded World War II ordnance in Germany is common enough that companies often hire private bomb disposal teams to check that sites are safe when construction is planned.
Organizations: CNN, Bundesliga, Mainz, FC Köln, CNN Sport Locations: Mainz, Germany
Earnings of $1.89 per share beat the $1.51 in earnings per share anticipated by analysts polled by LSEG. Exxon Mobil — The energy stock fell more than 2% after Exxon Mobil posted first-quarter adjusted earnings that missed analysts' forecasts. Revenue of $83.08 billion topped estimates of $78.35 billion. ResMed — Shares soared 17% after fiscal third-quarter results topped analysts' estimates. Snap — Shares soared 28% after the social media company posted adjusted earnings and revenue that defied analysts' expectations, per LSEG.
Persons: FactSet, LSEG, Skechers, Roku, Rowe Price, , Samantha Subin, Alex Harring, Lisa Kailai Han, Sarah Min Organizations: Microsoft —, Google, LSEG, Exxon Mobil, Intel, Revenue, Charter Communications, Technologies, Management Locations: LSEG .
Astor was one of around 1,500 people who died when the Titanic sank on April 15, 1912 after hitting an iceberg. The violin itself was sold for $1.7 million via the same auction house in 2013 and is the highest-selling item from the ship ever. The valise belonging to Titanic bandmember and orchestra leader Wallace Hartley, which held the violin he played as the Titanic sank, is also for sale. The watch was among the personal effects found with Astor’s body after the Titanic sank, according to the auction house. In 1935, Vincent gave the watch as a christening gift to the infant son of William Dobbyn IV, John Jacob Astor’s executive secretary, according to the auction house.
Persons: John Jacob Astor IV, Astor, Madeleine, Henry Aldridge, bandmember, Wallace Hartley, Andrew Aldridge, Aldridge, Vincent Astor, Vincent, William Dobbyn IV, John Jacob Astor’s, ” Aldridge, John Jacob Astor IV’s cufflinks Organizations: CNN, Titanic, Henry Aldridge & Son, Son Locations: Wiltshire, England, United States
Honeywell posted adjusted earnings per share of $2.25, beating analysts' estimates of $2.17 per share, per LSEG. Revenue for the quarter also came in better-than-expected at $9.11 billion, compared to the $9.03 billion analysts were expecting. ServiceNow — The digital workflow firm slid 5% after it only narrowly beat analysts' revenue expectations in the first quarter. ServiceNow posted revenue of $2.6 billion, slightly higher than the $2.59 billion analysts polled by LSEG had anticipated. Caterpillar — Shares tumbled 6.5% after revenues of $15.8 billion for the most recent quarter missed analysts' estimates of $16.04 billion, according to LSEG.
Persons: Goldman Sachs, Mark Zuckerberg, ServiceNow, LSEG, , Alex Harring, Brian Evans, Samantha Subin, Yun Li, Lisa Kailai Han, Pia Singh, Michelle Fox Organizations: Facebook, Meta, Tech, Microsoft, Beverage, JPMorgan, Monster Beverage, Honeywell —, Honeywell, Revenue, Merck, Co, LSEG, — Bank of America, Southwest Airlines —, Management, StreetAccount, Machines, IBM, Bank of America, Caterpillar, Nvidia —, Nvidia, Comcast, Deutsche Bank — U.S, Deutsche Bank, CNBC Locations: NBCUniversal
Hilton Worldwide Holdings — The hotel stock climbed 4% on the back of strong first-quarter adjusted earnings and raised full-year guidance. Mattel saw $810 million in revenue during the quarterly period, which was less than the consensus estimate of $832 million. Adjusted earnings per share came in at 61 cents, beating analysts' expectations of 27 cents per share, according to LSEG. Revenue of $757 million was greater than the $739 million analysts anticipated. Sales of Biogen's Alzheimer's drug Leqembi came in at about $19 million for the quarter, surpassing the $11 million analysts had anticipated, per FactSet.
Persons: LSEG, Elon Musk, Tesla, Musk's, Hilton, Mattel, Enphase, Biogen, LSEG ., Leqembi, , Jesse Pound, Alex Harring, Michelle Fox, Lisa Han Organizations: Boeing, . Old Dominion, Hilton Worldwide Holdings, Texas, Mattel, LSEG, Hasbro, Enphase Energy, Dynamics —, Dynamics, Seagate Technology, Seagate Locations: FactSet, LSEG
Others took evening walks in the city and shared the bright orange scenes on social media. A low-pressure system over northern Africa swept dust over Cyprus several times in mid-April, “darkening skies and reducing air quality,” NASA said Tuesday. Dust was expected to continue to cross the Mediterranean, impacting both Cyprus and Greece over the next several days, NASA said. People cross a snow covered railway in Helsinki, Finland, on April 23, 2024, as an unusual weather system brought trams in the city to a halt. Photos showed Helsinki residents walking through thick snow and ice, carrying umbrellas under heavy snowfall, and tall clusters of snow piled up on sidewalks, cars and scooters.
Persons: Alessandro Rampazzo, Johannes Laitila, Finavia, ” Finavia, , Antti Vigelius Organizations: CNN, NASA, Anadolu Agency, Getty, YLE, Helsinki Airport, Johannes Locations: Greece, Africa, Athens, Cyprus, Helsinki, Finland, Europe
General Motors — Shares rose more than 4% after the automaker exceeded analysts' expectations for its first-quarter results . General Motors posted adjusted earnings of $2.62 per share on revenue of $43.01 billion. Danaher — The life sciences firm popped more than 7% after beating analysts' expectations for its first-quarter results. Spotify — The streaming music company surged 16% after easily topping earnings expectations . KeyBanc Capital Markets downgraded Sunnova Energy to sector weight from overweight, citing caution on residential solar names particularly ahead of first-quarter earnings.
Persons: General Motors, JetBlue's, LSEG, Nucor, Danaher, Sherwin, Williams, Sunnova, LKQ, MSCI, — CNBC's Michelle Fox, Sarah Min, Jesse Pound Organizations: General Motors, General, GE Aerospace —, GE, PepsiCo, Novartis, JetBlue Airways —, Spotify, JPMorgan, Sunnova Energy, KeyBanc, FactSet Locations: U.S, LSEG . Cleveland, Cleveland
Tesla , Li Auto — Tesla shares declined nearly 4%, hitting a 52-week low, following announcements of price cuts. Verizon reported $33 billion in revenue, slightly under the $33.32 billion figure penciled in by analysts, per FactSet. Informatica — The enterprise data management company tumbled nearly 9% after acquisition talks with Salesforce broke down. Salesforce shares inched higher by less than 1%. Riot Platforms — The bitcoin miner rallied 14% following the " halving" event , in which bitcoin mining rewards were cut in half.
Persons: Li Auto, Li, CNBC's David Faber, Salesforce, Crypto, Coinbase, MicroStrategy, UnitedHealth's OptumRx, Cardinal Health's, Zions, , Jesse Pound, Samantha Subin, Michelle Fox, Alexander Harring Organizations: Tesla, Reuters, Li Auto, Verizon Communications, Verizon, Paramount Global, Sony, Informatica, JPMorgan, Health Locations: China
Former President Donald Trump is poised to receive an additional 36 million shares of Trump Media on Tuesday — an "earnout" bonus worth more than $1.25 billion, at Monday's price. The 36 million additional shares for Trump would be added to the 78.75 million shares he already owns, as the company's majority shareholder. When the earnout shares are added to his existing stock, Trump's total stake in Trump Media would be worth more than $4 billion on paper, at $35 a share. But since then, Trump Media's share price has plunged. By the close of trading on April 15, the share price had fallen nearly 68% from its opening price.
Persons: Donald Trump, Donald J, Trump Organizations: Trump Media, Trump, Trump Media's, Trump Media & Technology Group Corp Locations: New York City
Ulta Beauty — Ulta Beauty shares fell 3% after Jefferies downgraded the beauty retailer to a hold from a buy rating, citing rising competition. SLB reported $8.71 billion in revenue, just above the $8.69 billion projected by analysts, according to LSEG. However, SLB did report revenue in North America was down year over year. Ibotta — Shares of the technology company fell nearly 6% a day after Ibotta's initial public offering. Intuitive Surgical — Shares ticked down nearly 2% despite the company beating on the top and bottom lines in the first quarter.
Persons: Jefferies, Shopify, Morgan Stanley, SLB, , Samantha Subin, Michelle Fox, Pia Singh, Jesse Pound Organizations: Netflix, FactSet, Revenue, American Express, Micro Computer, Paramount —, The New York Times, Bloomberg, Sony Pictures Entertainment, Apollo Global Management, PPG Industries Locations: Canada, North America
The final jurors for Donald J. Trump’s criminal trial were selected on Friday, with lawyers preparing to offer opening statements on Monday in a landmark proceeding that was suddenly overshadowed at midday by the spectacle of a man setting himself aflame outside the courthouse. The day was marked by an intensity of emotion from the start. Several prospective jurors asked to be excused, and some became upset, with one saying she had become too nervous to continue the process. Then word quietly began to spread about the man who had set himself on fire in a park across the street from the courthouse. The courtroom proceedings continued, but the stir was noticeable, and reporters ran from the room.
Persons: Donald J, Trump Locations: Manhattan
Passengers queue at a flight connection desk at the Dubai International Airport in Dubai on April 17, 2024. The CEO of Dubai Airports said Friday that he expects services to return "close to normality" within 24 hours after the major transit hub was hit by unprecedented flooding. He confirmed, however, that the company, which owns and operates Dubai International Airport, had approved emergency budgets to provide food and water to stranded passengers, and noted that all retail outlets were now operating normally. Dubai airport said Friday that from midday local time it would be temporarily limiting the number of inbound flights for 48 hours. Dubai airport has urged passengers to exert caution when traveling, checking with airlines beforehand to confirm the status of their flight and not arriving at the airport too early.
Persons: We've, Griffiths, CNBC's, I'm Organizations: Dubai International, Dubai Airports, United Arab, Dubai International Airport Locations: Dubai, United Arab Emirates, Airlines
There had been estimates at the start of the week that jury selection could spill into a second week, and it appeared likely after Merchan lost two empaneled jurors on Thursday. Here are takeaways from the final day of jury selection in Trump’s hush money trial:The jury is setFour women and one man were added to the jury on Friday as five of the six alternates for the case. The fourth day of jury selection played out similarly to the first three. Trump is still trying to stop his trialDespite seating a jury, Trump’s legal team again tried to stop the trial in its tracks with another strategic appeal. The DA’s team argued at that point that the motion was premature because jury selection hadn’t happened yet.
Persons: Judge Juan Merchan, Donald Trump’s, Merchan, Trump –, , ” Trump, Michael Cohen, Donald Trump, I’m, , ” Merchan, Trump, Cliff Robert, Robert, Trump’s, Steven Wu, ” There’s, Prosecutors haven’t Organizations: CNN, Prosecutors, Trump, Manhattan, Attorney’s Locations: New York, Spain, New Yorker, Manhattan
JetBlue Airways — Shares jumped 4.1% after JPMorgan upgraded the airline to neutral from underperform, saying it likes its turnaround potential. Barnes Group — The global industrial tech and aerospace stock jumped 9.3% after DA Davidson upgraded the company to buy from neutral, saying shares are attractive. Blackstone — The asset manager slipped 2.3% after lowering its dividend to 83 cents per share from 94 cents per share. Horton exceeded expectations in its fiscal second quarter, posting earnings of $3.52 per share on revenue of $9.11 billion. Elevance Health — Shares jumped 3.2% after the health insurance company posted an earnings beat and raised its full-year guidance.
Persons: Estee Lauder, Tesla, Emmanuel Rosner, Rosner, Davidson, Blackstone, Horton —, Horton, LSEG, Morgan Stanley, Donald Trump's, , Samantha Subin, Brian Evans, Hakyung Kim, Lisa Kailai Han Organizations: JPMorgan, Taiwan Semiconductor Manufacturing, JetBlue Airways —, Iris Energy, Deutsche Bank, Google, Meta, Reuters, Group, Alaska Air Group, Revenue, BJ's Wholesale, eBay, — Rosenblatt Securities, Trump Media & Technology, Truth Social Locations: Taiwan, Alaska
Quarterly revenue came in at $12.54 billion, topping an LSEG estimate of $12.45 billion. Travelers said it generated $4.69 in earnings per share on $10.18 billion in revenue. Interactive Brokers — Shares popped 3% after Interactive Brokers posted quarterly results that came in slightly ahead of Wall Street's expectations. J.B. Hunt posted earnings of $1.22 per share on $2.94 billion in revenue. Alcoa is set to report earnings after the bell.
Persons: LSEG, Eli Lilly, ASML, Hunt, Kate Spade, Abbott, Joe Biden's, Jefferies, , Jesse Pound, Hakyung Kim, Pia Singh, Michelle Fox, Alex Harring, Sarah Min Organizations: United Airlines —, Travelers Companies, Travelers, U.S, Interactive, Hunt Transport Services, The New York Times, Federal Trade Commission, Versace, Capri Holdings, Autodesk —, Autodesk, Bancorp — U.S, Bancorp, Abbott Laboratories, FactSet, Alcoa Locations: China
UnitedHealth posted better-than-expected first-quarter revenue and reaffirmed its full-year earnings forecast of $27.50 to $28 per share excluding items. Johnson & Johnson — The drugmaker slipped 2% despite beating first-quarter profit estimates and reporting in-line revenue. Johnson & Johnson adjusted its full-year sales forecast for 2024 to a range of $88 billion to $88.4 billion compared to a previous forecast of $87.8 billion to $88.6 billion. The firm also surpassed analysts' earnings and revenue estimates. Bank of America — Charlotte-based Bank of America fell 3.5% after quarterly profit tumbled 18% to $6.67 billion , or 76 cents a share.
Persons: UnitedHealth, Johnson, Morgan Stanley —, Tesla, , Sarah Min, Tanaya Macheel Organizations: Dow Jones, FactSet, Johnson, Technologies, Barclays, Live, Entertainment, Journal, U.S . Department of Justice, Bank of America, of America, Revenue
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. There is nothing markets hate more than uncertainty, which is why stocks struggled to hold onto their early gains. 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, Morgan Stanley, Goldman Sachs, Charles Schwab bode, Eli Lilly, It's, Jim Cramer's, Jim Organizations: CNBC, Dow Jones, Abbott Laboratories, Jim Cramer's Charitable Locations: East
Of the first group of 96 potential jurors who crammed into the courtroom, more than half were immediately excused for saying they could not be fair and impartial. A Manhattan jury also found Trump’s business, the Trump Organization, guilty of tax evasion, although Trump was not personally named in that case. And here is an excellent visual timeline of the entire hush money scandal. It was Cohen who orchestrated the hush money payments and who pleaded guilty to federal charges of violating campaign finance law, for which he served time in prison. Trump is accused by New York of falsifying business records when he paid Cohen back for the hush money scheme.
Persons: Donald Trump, Trump, CNN’s Kara Scannell, Jeremy Herb, Scannell, , ” Scannell, Jeffrey Abramson, , ” Abramson, Jean Carroll, Abramson, Judge Juan Merchan, Kellyanne Conway, Rudy Giuliani, Stormy Daniels, Karen McDougal, CNN’s Kaanita Iyer, McDougal – She’s, Trump’s, Melania, Barron, Merchan, Carroll –, Carroll, Michael Cohen, Cohen, Maggie Haberman, Jake Tapper Organizations: CNN, America, Democracy, New, Trump, Trump Organization, National Enquirer, Trump . ►, Enquirer, – Prosecutors, New York Times Locations: Manhattan, sidebars, New York, Trump
Goldman posted earnings of $11.58 per share on revenue of $14.21 billion for the period, while analysts surveyed by LSEG had called for earnings of $8.56 per share on revenue of $12.92 billion. Analyst Erik Woodring forecast only 3% annual revenue growth through fiscal 2027, which is below consensus. Morgan Stanley initiated coverage of the social media platform at equal weight, saying shares are already trading at fair value. Deutsche Bank called Reddit a buy, while Raymond James said the social media stock is a strong buy. Trump Media & Technology Group — Shares of Trump Media plunged more than 15% after the company filed to issue up to 21.5 million shares.
Persons: Elon Musk, Tesla, Goldman Sachs, Wall, Goldman, LSEG, Morgan Stanley, Erik Woodring, Salesforce, Raymond James, Coupang, Resideo, Charles Schwab —, Schwab, Yun Li, Lisa Kailai Han, Sarah Min, Michelle Fox Organizations: Logitech —, Dow, Street Journal, Informatica, Reddit, Wall, JPMorgan, Deutsche Bank, Medical Properties, Trump Media & Technology, Trump Media, Citi, Resideo Technologies Locations: Stifel, Utah, South Korea
CNN —Hundreds of armed Israeli settlers stormed a village in the occupied West Bank on Friday, setting fire to several homes and cars in one of the largest attacks by settlers this year, according to Palestinian officials. According to Abu-Alia, Israeli security forces had informed Palestinian officials that the settlers were looking for an Israeli teenager who had gone missing earlier in the day. Videos obtained by CNN show parts of the village burning, with smoke billowing over several buildings and settlers lobbing rocks. Israeli settlers wearing headscarves are seen near billowing smoke. Abu-Alia told CNN settlers stole approximately 70 sheep from the Palestinian village.
Persons: Amin Abu, Alia, Abu, Al Mughayyir, Daniel Hagari, Organizations: CNN, West Bank, Palestinian Ministry of Health, Palestinian, Israel Defense Forces, Security, Israel Border Police, Crescent, IDF, Israel Police, Brigade Locations: Al, Ramallah, Turmusayya, Abu
Wells Fargo — Shares of the bank inched lower by less than 1% after it reported a decline in net interest income during the first quarter. Wells Fargo did beat analyst expectations for its first-quarter adjusted earnings and revenue. Globe Life — The life insurance stock bounced 10% after plummeting more than 50% during Thursday's session. The firm said shares were not worth purchasing ahead of the first quarter earnings report, given the weakness expected. Ciena — Shares slipped nearly 3% after Citi initiated coverage of the software company with a sell rating.
Persons: Jamie Dimon, Wells, LSEG, Corteva, Librela, — CNBC's Michelle Fox, Alex Harring, Tanaya Macheel, Pia Singh Organizations: JPMorgan, Street, Wells Fargo, BlackRock —, BlackRock, Fuzzy Panda Research, Paramount, Skydance Media, Citi, Wall Street, Solensia, Arista Networks, Rosenblatt
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