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☆ Inside a shake-up at the world's 'most feared law firm'
▼ + stars: | 2023-03-30 | by ( Casey Sullivan | ) www.businessinsider.com time to read: +30 min

It's been a tumultuous period for Quinn and the storied law firm he built over the past 37 years — now the world's largest litigation firm with hourly rates that can be north of $2,000. But behind the scenes, a shift at QE has been the talk of elite law firm circles. Indeed, the firm – known as a singular, even freewheeling, institution that brands itself as the "#1 Most Feared Law Firm in the World" — may appear to be less in the image of its founder as a generational shift brings changes. "We all thought it was important that the world understands this is not a one generation law firm." One former firm partner in California says he believes Quinn's inner circle generally got better deals.

☆ A TikTok ban or forced sale could lead to major collateral damage for US tech companies like Apple and Chinese apps like Shein
▼ + stars: | 2023-03-15 | by ( Dan Whateley | ) www.businessinsider.com time to read: +9 min

"A big Chinese balloon in the sky and millions of Chinese TikTok balloons on our phones. But US tech companies that rely on data collection for advertising sales or other business practices have fought to curb such regulations. Still, efforts by members of Congress to pass federal legislation around data privacy, such as the American Data Privacy and Protection Act, have faced an uphill battle. Apple's 2021 user privacy changes stunted ad revenue at Facebook and Snapchat-maker Snap, for example. But blocking companies from gathering private information from users could also be a more effective path to protecting Americans while maintaining an avenue for Chinese companies to participate in the global economy.

☆ Top analysts are bullish on these five stocks in uncertain times
▼ + stars: | 2023-03-12 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

Here are five stocks to weather the storm, according to Wall Street's top professionals on TipRanks, a platform that ranks analysts based on their past performance. Despite the ongoing pressures, cloud-based data warehouse company Snowflake (SNOW) delivered upbeat quarterly results. The company's fiscal 2023 fourth-quarter results missed expectations due to macro pressures, higher costs, supply chain issues and increased promotional activity. TD Cowen analyst Shaul Eyal remains bullish about Zscaler and reiterated a buy rating with a price target of $195 following the results. (See Zscaler Hedge Fund Trading Activity on TipRanks) Eyal holds the 15th position among more than 8,000 analysts on TipRanks.

☆ Here’s our fourth-quarter earnings report card for all the stocks in our portfolio
▼ + stars: | 2023-03-10 | by ( Zev Fima | ) www.cnbc.com time to read: +20 min

Fourth-quarter earnings season is in the rearview mirror and most Club stocks reported results ahead of, or in line with, analysts' forecasts. Moreover, excluding foreign exchange fluctuations, this marked the ninth quarter in a row of 20% or better annual earnings growth. Nvidia (NVDA) reported a very strong quarter and better-than-expected guidance for the current quarter . Eli Lilly 's (LLY) fourth-quarter results came up a bit short on revenue but delivered a strong bottom line. Despite missing on top-line expectations, Wells Fargo 's (WFC) earnings came in better-than-expected, as the bank realized the benefits of higher interest rates .

☆ The war against TikTok won't solve the 'national embarrassment' of how poorly the US protects your data
▼ + stars: | 2023-03-08 | by ( Dan Whateley | ) www.businessinsider.com time to read: +8 min

"A big Chinese balloon in the sky and millions of Chinese TikTok balloons on our phones. TikTok has hurt its own cause when it comes to its reputation around data privacy. For example, the company misrepresented how US user data was managed and then its parent company monitored the locations of reporters who exposed its practices. Still, efforts by members of Congress to pass federal legislation around data privacy, such as the American Data Privacy and Protection Act, have faced an uphill battle. Apple's 2021 user privacy changes stunted ad revenue at Facebook and Snapchat-maker Snap, for example.

☆ All-weather stocks that can outperform in any economic 'landing,' according to Evercore ISI
▼ + stars: | 2023-03-06 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

As investors weigh the possibility of a U.S. recession or a soft landing, there are certain stocks that should outperform in either scenario, according to Evercore ISI. However, Evercore ISI is among those on Wall Street that have a base-case scenario of a recession in the second half of the year. The other is what he calls " valmentum stocks " — value stocks with momentum — that have high free-cash-flow yield and strong earnings-per-share momentum, he added. Booking Holdings is one of Evercore ISI's valmentum stocks and could rally about 15% from Friday's close, according to the firm's price target of $3,000. Wynn is up more than 40% year to date, while Las Vegas Sands stock has gained more than 26%.

☆ Here's what makes cybersecurity giant Palo Alto Networks tick and why we like the stock so much
▼ + stars: | 2023-03-06 | by ( Zev Fima | ) www.cnbc.com time to read: +22 min

Palo Alto Networks (PANW) last month had its best single trading day in about a year, exactly one week after the next-generation cybersecurity company became our newest Investing Club holding. Why Palo Alto Networks? PANW YTD mountain Palo Alto Networks (PANW) 1-year performance Palo Alto Networks is a great way to play a secular growth industry. Taking all of these segments together, Palo Alto Networks is a company capable of delivering on every aspect of cybersecurity under one roof. Palo Alto Networks' ESG practices, meanwhile, are overseen by the ESG and Nominating Committee, which provides counsel to the board in these matters.

☆ Stocks making the biggest moves premarket: C3.ai, Zscaler, ChargePoint and more
▼ + stars: | 2023-03-03 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

Check out the companies making headlines before the bell:C3.ai — Shares surged 17% after C3.ai reported third-quarter results that topped expectations. It also reported revenue of $66.7 million, surpassing expectations of $64.2 million. The company reported adjusted earnings of 63 cents per share on revenue of $7.81 billion. Zscaler — Shares of the cybersecurity company slid 11% in premarket trading despite Zscaler beating estimates on the top and bottom lines for the fourth quarter. The wholesale retailer reported revenue of $55.27 billion, less than the consensus estimate of $55.54 billion, according to Refinitiv.

☆ Stocks making the biggest moves midday: Apple, Meta, Costco, Marvell, C3.ai and more
▼ + stars: | 2023-03-03 | by ( Hakyung Kim | ) www.cnbc.com time to read: +5 min

Costco Wholesale — The retailer's shares dropped 3.4% after the company's fiscal second-quarter earnings missed analysts' expectations. Marvell Technology — The chip stock lost 7.3% after Marvell Technology reported mixed quarterly results and provided weak guidance. The move comes after Bumble announced it would price a secondary offering of 13.75 million shares of its common stock at $22.80 per share. The company earned an adjusted 37 cents per share, above the 29 cents expected by analysts, according to Refinitiv. The company posted a loss of 6 cents per share, compared to Refinitiv analysts' estimates for a 22 cent loss.

☆ Stocks making the biggest moves after hours: C3.ai, Zscaler, ChargePoint, Marvell Technology and more
▼ + stars: | 2023-03-02 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

The company posted a loss of 6 cents per share, compared to analysts' estimates for a 22 cent loss. Dell's revenue also exceeded expectations, coming in at $25.04 billion versus analysts' estimates of $23.39 billion. Marvell Technology — Shares of the semiconductor company shed 6% after the company posted mixed results for the fourth quarter. Meanwhile, its revenue of $1.42 billion topped the $1.40 billion analysts had expected. Hewlett Packard also posted revenue of $7.81 billion, beating estimates of $7.43 billion.

Here's an update on technology-related holdings in Jim Cramer's Charitable Trust, the portfolio we use at the CNBC Investing Club. Jim ran through the 35 stocks during the Club's inaugural Annual Meeting, an in-person event Saturday in New York City. Big picture, we think AMD shares will continue to increase in value as its leadership over Intel is further cemented. But sentiment is improving, with AMD shares climbing around 21% year to date. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Winter storm threatens record snowfall in parts of US
▼ + stars: | 2023-02-21 | by ( Brendan O'Brien | ) www.reuters.com time to read: +5 min

[1/5] Waves come to shore along the coastline as a winter storm approaches Oceanside, California, U.S., February 21, 2023. REUTERS/Mike BlakeCHICAGO, Feb 21 (Reuters) - A winter storm spreading across the U.S. West into the Northern Plains and Midwest on Tuesday could produce blizzards, brutal cold, and record snowfall, making roads treacherous and disrupting air travel. The National Weather Service issued winter storm, blizzard and high-wind advisories for large parts of the western and north-central United States. The agency said these areas will also be under a winter storm warning until Friday and advised people against traveling. Although the snow storm could wreak havoc on daily life, it was welcomed by skiers.

☆ Palo Alto Networks' earnings blowout spotlights the Club's newest stock
▼ + stars: | 2023-02-21 | by ( Jeff Marks | ) www.cnbc.com time to read: +7 min

Shares of Palo Alto Networks climbed roughly 8% in afterhours trading, to over $180 apiece. The need for vendors to consolidate their security budgets into fewer players is another trend working in Palo Alto Networks' favor. This quarter marked Palo Alto Networks' third consecutive quarter of GAAP profitability. Outlook For Palo Alto Networks' fiscal year 2023, management raised its outlook across several different metrics. Arora Nikesh, Palo Alto Networks CEO & Chairman at the WEF in Davos, Switzerland on May 23rd, 2022.

☆ Huge winter storm churns across northern U.S., threatening record snowfall
▼ + stars: | 2023-02-21 | by ( Brendan O'Brien | ) www.reuters.com time to read: +5 min

CHICAGO, Feb 21 (Reuters) - A massive winter storm spreading across the U.S. West into the Northern Plains and Midwest on Tuesday could produce blizzards, brutal cold, and record snowfall, making road travel treacherous and disrupting air travel. The National Weather Service issued winter storm, blizzard and high-wind advisories for a broad swath of the western and north-central United States. Some spots in the South may have temperatures that are over 100 degrees Fahrenheit warmer than some places in the Northern Plains, the forecast showed. While the U.S. East has experienced a relatively mild winter, the Northern Plains has had an extreme winter in terms of snowfall and temperatures, NWS meteorologist Matthew Bunkers in South Dakota said. Although the snow storm could wreak havoc on daily life, it was welcomed by skiers.

☆ ‘Hello Tomorrow!’ Review: Billy Crudup Sells Crater-Front Property
▼ + stars: | 2023-02-17 | by ( John Anderson | ) www.wsj.com time to read: +1 min

The dark comedy and shiny retrofuturism of “Hello Tomorrow!” may suggest a few alternative titles—“Mrs. Maisel in Space” or “The Jetsons Like Ike” or “Glengarry Glen Ross on Ketamine,” none of which would be wrong, exactly. Billy Crudup gives a genuinely remarkable performance as Jack Billings , a man who is mostly façade, which helps his mission—selling real estate on the moon. He’s a master at his craft and Mr. Crudup gives Jack sufficient self-awareness to make him charming, even when both he and a client know he’s playing a part and pushing a scheme. But even as the shilling for lunar time-shares plays out in a universe seemingly caught between eras, the production design is a constant wonder and curiosity, if not a positive distraction.

☆ Here's why mysterious flying objects are suddenly popping up all over the place, according to the military command that's been shooting them down
▼ + stars: | 2023-02-13 | by ( Jake Epstein | Grace Eliza Goodwin | ) www.businessinsider.com time to read: +5 min

Four suspicious flying objects have been shot down over North American skies in recent days. NORAD changed its radar filters to help spot smaller, slower objects after a Chinese spy balloon drifted over the US. The command has changed the way it looks for them and is now finding more of these objects. Since the US Air Force shot down the Chinese balloon in early February, fighter jets have downed three additional airborne objects. US officials said this object was flying at an altitude of 40,000 feet and posed a threat to civilian aircraft.

☆ Lidar makers Ouster and Velodyne complete their merger, creating a sector powerhouse
▼ + stars: | 2023-02-13 | by ( John Rosevear | ) www.cnbc.com time to read: +4 min

Lidar makers Ouster and Velodyne said on Monday that they have successfully completed a "merger of equals," creating a lidar powerhouse. The combined company will have more than 850 current customers, a deep portfolio of patents and about $315 million in cash on hand, based on year-end figures. Those developments helped set the stage for consolidation in the lidar space, Ouster CEO Angus Pacala said when the deal was first announced. Pacala, who will lead the combined company, told CNBC in an interview on Monday that the merger is "a major step toward profitability for Ouster." Velodyne's CEO, Ted Tewksbury, will chair the combined company's board of directors, and its chief financial officer, Mark Weinswig, will retain that role with Ouster, while Ouster co-founder Mark Frichtl will serve as the combined company's chief technology officer.

☆ Wynn CEO on consumer outlook, return of Macao and a casino in the Middle East
▼ + stars: | 2023-02-09 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWynn CEO on consumer outlook, return of Macao and a casino in the Middle EastCraig Billings, Wynn Resorts CEO, joins 'Halftime Report' to discuss the company's earnings and consumer outlook.

☆ The US military didn't know if the missile that took out a Chinese spy balloon would work when an F-22 took the shot, commander says
▼ + stars: | 2023-02-08 | by ( Jake Epstein | Christopher Woody | ) www.businessinsider.com time to read: +4 min

An F-22 downed a Chinese spy balloon on Saturday with a single AIM-9X Sidewinder missile. But the Pentagon wasn't sure if the missile would work when the pilot fired it, a top commander said. US Marines transport an AIM-9X Sidewinder missile at Iwakuni in Japan in September. Weapons evaluators for the Air Force could not immediately address Insider's inquiry on the matter. The AIM-120, on the other hand, is a "new generation" missile that succeeded the AIM-7 Sparrow, according to the Air Force.

☆ China has a global spy balloon operation collecting intel on other countries' militaries, including 'strategic bases' in the US, officials say
▼ + stars: | 2023-02-08 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

The downed Chinese surveillance balloon is part of a global network, US officials say. This is what we assess is part of a larger Chinese surveillance balloon program," Pentagon Press Secretary Brig. Ryder said the purpose of the Chinese surveillance balloons was to study "strategic sites," including "strategic bases" in the continental US. The Chinese balloon program has gathered information on military assets belonging to the Philippines, Japan, Vietnam, India, and Taiwan, the Washington Post reported. It was not immediately clear when, exactly, previous balloons in other regions were determined to be Chinese surveillance devices.

The Pentagon would not confirm that the balloon in the photo was the surveillance balloon. The Biden administration is working on declassifying U.S. intelligence that includes details of China flying surveillance balloons above dozens of other countries around the world, according to three administration officials. The effort comes just days after the U.S. shot down a Chinese surveillance balloon off the coast of South Carolina following its trek across the continental United States. They said Biden administration officials plan to brief the dozens of countries that the U.S. believes have been subject to surveillance by China's balloons violating their airspace. The U.S. believes there are more than 40 countries that have been had Chinese surveillance balloons flown in their airspace, two officials said.

The United States operates a military base and nuclear missile silos in Montana, a state bordering Idaho. Military officials developed a plan to shoot down the balloon on Wednesday as it flew over Montana. BALLOON MANEUVERSThe U.S. government has declined to say which sites the Chinese balloon surveyed. On Friday, the Pentagon said it expected the balloon to keep flying over the United States for several more days. "That will make it fairly easy, actually," a military official said of the recovery operation in the Atlantic.

☆ A second 'Chinese surveillance balloon' has been spotted over Latin America, according to Pentagon officials
▼ + stars: | 2023-02-04 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +3 min

Pentagon officials on Thursday identified the balloon as a "Chinese surveillance" device. On Friday, a second surveillance balloon was identified flying above Latin America. "We now assess it is another Chinese surveillance balloon," AP reported Brigadier General Pat Ryder, the Pentagon press secretary, said. Ryder declined to give additional details, such as where the second balloon was spotted. US Pentagon officials have declared the balloons surveillance devices.

☆ Local businesses in rural Montana give out free food and lodging to hundreds of travelers stranded by dangerous high winds
▼ + stars: | 2023-02-04 | by ( Aidan Pollard | ) www.businessinsider.com time to read: +3 min

Hundreds were stranded outside Big Timber, Montana, this week after I-90 shut down. "It just speaks to what this small town has done for people," one bakery owner told Insider. "That's how this small town is — people do that for each other," Teb Seifu, owner of Big Timber Bakery, told Insider. Stranded travelers told local TV station KTVQ they were able to find hotel rooms for the night, and lauded the locals of Big Timber. The weather in Big Timber has subsided since earlier this week, and temperatures reached 40 degrees Saturday morning.

☆ Count on a springtime re-election announcement for Biden if he follows Trump, Obama, Bush and Clinton's examples
▼ + stars: | 2023-02-04 | by ( Nicole Gaudiano | ) www.businessinsider.com time to read: +5 min

President Joe Biden reelection bid looks increasingly likely, and more a question of when. Clinton, Bush, Obama and Trump launched re-election bids between April and June during the year before the election. Here's a look at Biden's predecessors' announcements:Donald TrumpTrump never left campaign mode after his golden escalator ride in 2015. Photo by Brooks Kraft LLC/Corbis via Getty Images)Bush filed paperwork to run for reelection on May 16, 2003. "The American people will decide whether or not I deserve a second term," the president told reporters, according to the Associated Press.

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