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Today β€” March 29th 2024Top News & Analysis

Huawei's profit doubled in 2023 as smartphone, autos business picked up

Chinese telecommunications company Huawei said Friday its net profit for 2023 more than doubled thanks to better product offerings.

Turkey's local elections β€” and whoever wins Istanbul β€” could dictate the future of the country

Erdogan himself rose to prominence as Istanbul mayor in the 1990s before later going on to win the presidency.
Yesterday β€” March 28th 2024Top News & Analysis

Italy's new 'Orient Express' isn't running yet β€” but rates are already soaring

In the past 16 months, starting rates for a one-night journey aboard Accor's new luxury train jumped 75% β€” from 2,000 euros ($2,168) to 3,500 euros per person.

How Sam Bankman-Fried's ex-girlfriend and early recruit helped put the FTX founder behind bars for 25 years

Prior to Sam Bankman-Fried's sentencing on Thursday, prosecutors relied heavily on testimony from ex-girlfriend Caroline Ellison in building its case.

Jim Cramer's week ahead: Nonfarm payroll data and Disney's proxy fight comes to a head

CNBC's Jim Cramer on Thursday guided investors through next week's Wall Street action.

Baltimore port crisis: World's largest container ship company, MSC, dumps diverted cargo problem on US companies

Due to the Baltimore bridge collapse, MSC, the world's biggest container ship company, told customers that diverted cargo will become customer responsibility.

Reddit shares plunge almost 25% in two days, finish the week below first day close

Reddit shares are plummeting from the rally highs experienced after the social messaging company's IPO last week.

Investing in Space: Boeing takes backup role in flying NASA astronauts

Boeing's Starliner program finally feels close to flying people in space for the first time.

Influencer Tori Dunlap is spurring women to maximize their savings and invest in the stock market

Tori Dunlap's resources on saving, budgeting and investing are helping women help themselves β€” and each other.

TikTok creators worry about free speech and income streams if ban succeeds: 'My livelihood is at stake'

TikTokers have a lot of opinions about the potential ban of their platform. Some are scared for their incomes, and others for their freedom of speech.

Eli Lilly climbs on win for rival weight-loss drug, and we still feel good about Abbott Labs

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

Social Security Administration to remove food assistance as barrier to accessing certain benefits

Starting Sept. 30, food assistance from family and friends, plus community support, will no longer count against eligibility for SSI benefits.

I was charged $150 for missing a doctor's appointment. Turns out these fees are on the rise

Missed a doctor's appointment? You could get hit with a "no-show" fee. Here is what experts say about the fairness of such charges, and how to avoid them.

Toyota could introduce electric, plug-in Tacoma and Tundra pickups

Toyota is evaluating an expansion of its U.S. truck lineup that could include all-electric or plug-in hybrid electric versions of its Tacoma and Tundra pickups.

The wealth of the 1% just hit a record $44 trillion

Economists say the rising stock market is giving an added boost to consumer spending through what is known as the "wealth effect."

39-year-old money coach who makes $23,000 a month: My No. 1 tip for starting a side hustle

Bernadette Joy's first side hustle was financially successful, but personally unfulfilling. Her second attempt is now a lucrative full-time money coaching job.

Minnesota Timberwolves sale to Alex Rodriguez and Marc Lore falls apart

Alex Rodriguez and Marc Lore planned to acquire a majority stake in the NBA's Minnesota Timberwolves and the WNBA's Lynx.

How this bull market could unravel and what to watch for, according to Larry McDonald

Lawrence McDonald, author of "A Colossal Failure of Common Sense" and "How to Listen When Markets Speak," spoke with CNBC about his top concern for markets.

Estee Lauder jumps 5% on an analyst upgrade β€” our take on the cosmetics stock

The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.

After a difficult application year, college hopefuls have a 'love-hate relationship' with 'Ivy Day,' expert says

A fascination with the private colleges that comprise the Ivy League spans decades. It is only now, some say, that students are taking a more skeptical view.

FTX founder Sam Bankman-Fried sentenced to 25 years for crypto fraud, to pay $11 billion in forfeiture

FTX founder Sam Bankman-Fried was convicted of securities fraud conspiracy that wrecked his cryptocurrency exchange and a related hedge fund, Alameda Research.

Betting on March Madness? Don't forget to report your winnings to the IRS

Up to half of your winnings will be owed as taxes when you file your 2024 tax return.

BlackRock CEO Larry Fink says 65 retirement age is too low. Here's what experts say

As a record number of Americans will turn age 65 in the coming years, that is no longer the traditional retirement age.

Rents across the U.S. grew for the first time in 6 months β€” only Arizona saw price drops in every metro

One of the main drivers of high housing costs is low supply. Cities in this state are boosting supply, helping push rental prices down.

Xiaomi releases electric car $4K cheaper than Tesla's Model 3 as price wars heat up

Chinese smartphone company Xiaomi said Thursday it will sell its first car for far less than Tesla's Model 3, as price wars heat up in China's fiercely competitive electric car market.

Jim Cramer's top 10 things to watch in the stock market Thursday

Stock futures are flat Thursday as the S&P 500 looked to finish its best first-quarter performance since 2019.

SLB to invest nearly $400 million in carbon capture company in push to scale technology

SLB is targeting $3 billion in revenue from its new energy business by the end of the decade, with carbon capture and storage expected to play a leading role.

Sell it, donate it or trash it? How to declutter, according to professional organizers

A smart approach to getting rid of your stuff maximizes your time and money, say organizing professionals.

How much money Americans in their 50s have in their 401(k)s

Retirement is in view for Americans in their 50s. However, many have less saved than they may want. A retirement expert's tips to get on track.

Baltimore disaster may be the largest-ever marine insurance payout, Lloyd's boss says

The head of Lloyd's of London said the insurance industry would nonetheless be able to handle the hefty claims.

Cramer: The 3 things I want to see in a stock before buying in this bull market

When I dug into our portfolio, I was surprised at how few of the stocks I would buy right now after their phenomenal runs.

Walgreens tops quarterly revenue estimates, but narrows profit outlook in 'challenging' economy

Walgreens posted a steep net loss for the quarter as it recorded a hefty goodwill impairment charge related to its primary-care provider VillageMD.Β 

Home Depot is acquiring specialty distributor SRS for $18.25 billion in huge bet on growing pro sales

Home Depot is making the largest acquisition in its history as its sales growth stagnates.

Sam Bankman-Fried FTX fraud victim tells judge: 'My whole life has been destroyed'

More than four months after he was convicted on seven charges by a New York jury, Sam Bankman-Fried is set to learn how long he'll spend behind bars.

Don't sweat the prospect of no Fed rate cuts, economist says β€” markets will still march higher

Markets will continue to rally even if the Fed chooses not to cut interest rates this year, according to Steven Blitz, TS Lombard's chief U.S. economist.

Norfolk Southern CEO says activist investor's responses to settlement are 'unreasonable'

Norfolk Southern faced criticism over the past year after one of its freight trains derailed in Ohio, releasing toxic chemicals into the soil, water and air.

Ahead of sentencing, SBF team argues for 5-6 years in jail because FTX customers will get money back

Sam Bankman-Fried's defense team is trying to convince the judge for a lighter sentence because FTX customers will likely be made whole.

Top ad guru Martin Sorrell downplays chances of Trump's Truth Social capturing serious market share

Advertising guru Martin Sorrell questioned the prospects of Donald Trump's Truth Social platform, describing major ad sales as currently "unfathomable."

UBS chief's surprise return to the Swiss banking giant bagged him a $15.9 million paycheck

UBS CEO Sergio Ermotti earned 14.4 million Swiss francs ($15.9 million) in 2023 after his surprise return to the helm of the Swiss banking giant.

China's Xi tells U.S. CEOs that bilateral relations can have a 'brighter future'

Chinese President Xi Jinping told U.S. executives that bilateral relations can improve, and pledged that Beijing would keep working to improve the business environment.

Standard Chartered says Japan 'very, very close' to yen intervention

The yen'sΒ 34-year low has prompted market speculation over potential government intervention to support its currency.
Before yesterdayTop News & Analysis

Xi tells Dutch prime minister: No force can stop China’s tech advance

Chinese President Xi Jinping and Dutch Prime Minister Mark Rutte met in Beijing for talks on subjects such as the critical semiconductor industry.

A new Japanese restaurant tops 'Asia's 50 Best Restaurants' list

Tokyo's SΓ©zanneΒ topped this year's list, which included restaurants in 19 cities across the continent.

China's economy is on track for 'strong' March performance, survey says

China's economy is ending the first quarter on a "strong" note, according to a business survey published by the China Beige Book on Thursday.

UnitedHealth Group has paid more than $3 billion to providers following cyberattack

UnitedHealth Group has paid out more than $3.3 billion to providers impacted by Change Healthcare cyberattack

TikTok makes $2.1 million TV ad buy as Senate reviews bill that could ban app

TikTok opened a new front in its lobbying campaign against a bill that could effectively ban the app in the United States.

Penthouse to prison: Sam Bankman-Fried's journey from crypto king to convicted conman

FTX founder Sam Bankman-Fried will be sentenced in a New York court on Thursday, more than four months after a jury found him guilty of seven criminal charges.

Remote workers who switch to in-office jobs are boosting their pay by as much as 30%, says new research

Wage increases for in-person jobs coincide with more companies cracking down on enforcing their return-to-office mandates.

Hyundai considering hybrid vehicle production at $7.6 billion Georgia EV plant

The reassessment comes amid slower-than-excepted adoption of EVs, as well as the Biden administration revising emissions rules.

Yellen warns China's surplus of solar panels, EVs could be dumped on global markets

Janet Yellen said she will confront her Chinese counterparts about their solar, EV trade practices in an upcoming visit to China.

Parent of FTX victim who lost $130,000 asks judge to go easy on SBF, suggests six years in prison versus DOJ's 40-50

Defense submitted additional character references to the court as Judge Lewis Kaplan nears a decision on Bankman-Fried's sentence.

Crypto is β€˜like cayenne pepper’ for investors, money manager says: 'A little goes a long way'

Investors who hold cryptocurrency like bitcoin only need to allocate a small share of their money to the digital assets to reap benefits, experts say.

Ron Insana's new firm aims to bring AI-powered trade ideas to individual investors

The firm, called iFi AI, launches Wednesday and will use AI models to help generate projected returns for stocks over various time periods.

Baltimore port bridge collapse: Global ocean carriers put U.S. companies on hook for urgent cargo pickup

Ocean container vessel giants including CMA CGM and COSCO are declaring force majeure due to Baltimore port bridge accident, leaving shippers on hook for cargo.

Altimmune says weight loss drug minimized muscle loss in trial results, which may set it apart

The results are a sign that Altimmune can address an area of concern around weight loss drugs, which is that they shrink critical muscle mass.

Novo Nordisk's $1,000 diabetes drug Ozempic can be made for less than $5 a month, study suggests

Researchers found Novo Nordisk's Ozempic could be manufactured for an estimated 89 cents to $4.73 for a month's supply, figures that include a profit margin.

Trump targets New York hush money trial judge's daughter day after gag order

The Truth Social posts by Donald Trump were written after New York Judge Juan Merchan imposed a gag order limiting what Trump can say about the case.

This retailer is set up for a comeback β€” we're getting in early by starting a position

Management has given five long-term reasons why we're near the bottom of the decline in tech demand.

Amazon spends $2.75 billion on AI startup Anthropic in its largest venture investment yet

Amazon is spending billions more to back an artificial intelligence startup as it looks for an edge in this new technology arms race.Β 

The income a family of 4 needs to live comfortably in 20 major U.S. cities

To live comfortably in the largest U.S. cities, a family of four needs to make around $300,000.

These are the 10 top-paying U.S. cities where women outearn men

GoBankingRates analyzed U.S. Census Bureau data to find out where median female earnings outpaced men's.

Here's what we know about the Singapore-flagged container ship that hit the Baltimore bridge

The container ship, known as the Dali, had previously been involved in a minor incident in Belgium's Port of Antwerp.

Disney agrees to settle Florida lawsuit with special district backed by DeSantis

The suit was related to the takeover of the district at the behest of Florida Gov. Ron DeSantis after Disney had opposed the state's "Don't Say Gay" law.

SEC scores big win in lawsuit against crypto exchange Coinbase

The ruling in favor of the SEC comes as Coinbase has become a go-to partner for big Wall Street asset managers looking to offer cryptocurrency trading options.

Barclays lands New York Liberty jersey patch deal as WNBA popularity grows

WNBA and New York Liberty momentum has continued to grow, with a jersey patch deal for Barclays the latest milestone.

Oil prices slip on U.S. crude stockpile increase

U.S. commercial crude stockpiles rose by 3.2 million barrels for the week ending March 22, according to the Energy Information Administration.

'Too early to judge': Global carmakers contend with closure at busiest U.S. auto port

"The situation is still developing and we will do our best to make sure we find ways to distribute vehicles out into the market," Volkswagen USA CEO told CNBC.

Op-ed: Why an all-smiles China visit from Apple's Tim Cook isn't good business

Apple CEO Tim Cook's visit to China is in a long line of Western business leader treks to China in search of favor and foothold. It won't work anymore.

Boeing needs to be led by engineers, time is not on its side, Emirates Airline president says

Aviation analysts and former Boeing employees have criticized the company's reported sidelining of engineers in its senior management ranks.

Qatari royal reportedly invested $50 million in pro-Trump news channel Newsmax

The Washington Post cited Newsmax employees saying that they were urged to soften news coverage of Qatar β€” a claim that the outlet rejects.

H&M shares jump 14% as profit smashes expectations

The Swedish retailer significantly beat profit expectations for its fiscal first quarter.

UBS sends a wake-up call to take profits on an outperforming stock. We're heeding it

We had not taken profits in this outperforming stock since last summer. A Wall Street downgrade Wednesday served as a wake-up call to do so.

Baltimore bridge collapse poses little threat to U.S. economic growth, experts say

President Joe Biden said he expects the federal government to cover the cost of rebuilding the Francis Scott Key Bridge.

Largest U.S. sportsbooks join forces to tackle problem gambling

FanDuel, DraftKings, BetMGM, Penn Entertainment, Fanatics Betting & Gaming, Hard Rock Digital and bet365 will form the Responsible Online Gaming Association.

Here's how much credit card debt Americans have by ageβ€”and which generation owes the most

Collectively, Americans owe over $1 trillion on their credit cards. However, when you break down the numbers by age, one generation owes far more than the rest.

Moderna moves three vaccines into final stage trials as it works to rebound from Covid slump

Moderna will chart its post-Covid future Wednesday during its fifth annual "Vaccines Day," an investor event in Boston.

Japan's yen hits 34-year-low, heating talk of intervention

The Japanese yen on Wednesday hit its weakest level since 1990, fueling debates about whether policymakers will intervene to prop up the currency.

Costco and Sam's Club's smaller rival BJ's Wholesale will open more clubs in Southeast

The membership warehouse BJ's Wholesale said it plans to open a dozen clubs this year and 10 to 12 clubs each year going forward.

Ford sees opportunity for Mustang as competitors abandon V8 engines

The optimism follows the Chevrolet Camaro and Dodge Challenger β€” the Mustang's closest American competitors β€” ended production in December.

Mortgage demand stalls, even as interest rates moderate

The usually busy spring housing market is underway, but mortgage demand isn't moving.

China's Xi meets U.S. executives as businesses navigate bilateral tensions

U.S. business leaders met with Chinese President Xi Jinping, the latest of Beijing's efforts to bolster foreign investment in China amid tensions with the U.S.

Feds seek seizure of two New York apartments worth $14 million tied to former Mongolia leader in alleged mining scheme

Two luxury apartments in New York allegedly were bought with proceeds from improperly awarded copper contracts related to a huge mine in Mongolia.

BlackRock's Larry Fink says young people have a lot going for them, but retirement crisis looms

In an interview with CNBC's Jim Cramer, BlackRock CEO Larry Fink said he's hopeful about the younger generation.

How shipping containers can make or break the global economy

Global trade requires shipping containers. China is responsible for over 95% of shipping-container production, potentially making U.S. businesses vulnerable.

FDA approves Merck's drug for rare, deadly lung condition

The approval is a win for Merck, which is working to diversify its revenue stream as its blockbuster cancer drug Keytruda nears a loss of market exclusivity.

Adam Neumann’s bid to buy back WeWork faces uphill battle due to financing challenges

WeWork founder Adam Neumann is reportedly trying to buy back the company that ousted him in 2019, but he faces plenty of hurdles to get there.

Trump hit with gag order in New York hush money case after slamming judge

Judge Juan Merchan imposed a limited gag order on Donald Trump in his criminal hush money case in New York.

Reddit investors shrug off hold rating, bid up stock another 15% as post-IPO rally continues

Reddit's post-IPO rally continues, despite the company receiving a hold rating from a prominent analyst.

An 'often overlooked' retirement savings option can lower your tax bill, advisor says. Here's how it works

There's still time to lower your 2023 tax bill or boost your refund with a spousal IRA for married couples. Here's who qualifies.

Healthy Returns: Drugmakers are capping inhaler prices at $35 in a win for some patients

Three drugmakers are capping out-of-pocket costs for their inhalers. Meanwhile, many digital diabetes management tools aren't all they're cracked up to be.

What's behind Danaher's decline, plus high hopes for Apple's developers event

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

SEC settles insider trading charges against Andy Bechtolsheim, co-founder of Arista, Sun Microsystems

Andy Bechtolsheim, the co-founder of Sun Microsystems and Arista Networks, reached a settlement with the SEC on insider trading charges announced Tuesday.

Apple announces its big annual conference, where it could reveal its AI strategy

Apple typically reveals the latest versions of its iPhone, iPad, Mac and Apple TV software at WWDC via a "keynote" video on the first day, led by CEO Tim Cook.

These 3 tax rules weren't a big deal last yearβ€”now they could cost you thousands, experts say

Don't let taxes rules around savings accounts, cryptocurrency and student loans catch you by surprise this year, experts say.

Trump is selling $60 Bibles with 'God Bless the U.S.A.' singer Lee Greenwood

The Donald Trump and Lee Greenwood partnership comes as the GOP presidential nominee has seen his net worth explode by billions of dollars on paper.

Logistics companies scramble after bridge collapse closes Port of Baltimore until further notice

Baltimore's Francis Scott Key Bridge collapsed after the 10,000 container-capacity vessel Dali collided with a bridge pillar. Rescue efforts are underway.

Hyundai’s Genesis reveals all-electric SUV concept, the Neolun

Hyundai's Genesis is previewing the future of the growingly prominent luxury brand with a new large all-electric concept vehicle called the Neolun.

Trump accuses hush money judge of bias, points to daughter's political work as trial nears

Donald Trump's attorneys previously called Judge Juan Merchan to recuse himself from the criminal hush money case, pointing to the judge's daughter's role.

Moderna says new Covid vaccine showed stronger immune response than current shot in study

Moderna's new shot offers the potential of a longer shelf life and is one component of its combination vaccine targeting Covid and the flu.

Canada Goose to cut 17% of its corporate workforce, following string of retail layoffs

Canada Goose said Tuesday that it will cut about 17% of its corporate workforce as consumers continue to pull back on discretionary spending.Β 

Viking jumped 25% on early weight loss pill data. We still prefer Eli Lilly

The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.

Biden pulls even with Trump as economic view improves slightly, CNBC survey shows

Forty-six percent of voters in the CNBC All-America Economic survey chose Trump and 45% picked Biden.

Women experience a 'motherhood penalty.' For dads, there’s a wage 'bonus'

Often called the "motherhood penalty," caregiving demands still largely fall on women and have shaped their labor force participation and pay.

Nigeria's central bank hikes interest rate to 24.75% as it battles sky-high inflation, currency crisis

The Central Bank of Nigeria on Tuesday hiked its key interest rate by 200 basis points, as Africa's largest economy looks to recover from a historic currency crisis and soaring inflation.

Trump Media stock jumps as much as 50% after DJT ticker debut

Donald Trump last used the DJT stock ticker for a casino and hotel operator. He is hoping his social media company does better than the last firm did.

Viking Therapeutics stock jumps more than 15% on promising weight loss pill data

The Viking study results add to the growing excitement around the biotech company and its potential in the budding weight loss market.

Almost half of voters say student loan forgiveness is a key issue in 2024 election, survey finds

Almost half of all voters say forgiving student loan debt is an important issue in the 2024 presidential and congressional elections, a new survey finds.

'We need someone to fix Boeing.' Here's who could replace Calhoun as the troubled plane maker's CEO

Boeing's next CEO must handle the company's safety crisis and quality problems as well as growing competition from Airbus and Chinese manufacturers.

BlackRock's Larry Fink sees Social Security crisis, says 65 retirement age 'a bit crazy'

The issue of retirement took center stage in Fink's letter to shareholders.

Jim Cramer's top 10 things to watch in the stock market Tuesday

U.S. stock futures were higher Tuesday morning, as investors looked to resume the months-long rally after a down session.

How BYD grew from battery maker to electric vehicle juggernaut, overtaking Tesla

Warren Buffett-backed BYD recently became the world’s top EV maker, and has ambitious plans to win over foreign markets with its cost-competitive cars.

Cocoa prices hit $10,000 per metric ton for the first time ever

Cocoa prices reached a record on Tuesday as high demand and supply constraints fuel prices higher.

Alibaba scraps IPO of logistics unit Cainiao, says it will take full ownership

Alibaba said Tuesday it is cancelling the proposed initial public offering of its Cainiao smart logistics unit.

Amazon launches same-day prescription delivery in New York and Los Angeles

Amazon, which rolled out its online pharmacy service in 2020, is adding prescription medications to its roster of same-day delivery items.

WikiLeaks founder Julian Assange will not be immediately extradited to the U.S., British court rules

WikiLeaks founder Julian Assange on Tuesday was granted permission by a U.K. court to appeal the case against him.

McDonald's to sell Krispy Kreme doughnuts nationwide by the end of 2026

Krispy Kreme will more than double its distribution to reach McDonald's restaurants nationwide.

Texan bitcoiners start mining in Argentina, where peso is in freefall

Texan bitcoin miner Giga Energy has opened a site in Argentina, a country that has embraced the cryptocurrency.

Vacation home co-ownership platform Pacaso expands to lower-priced listings

Pacaso lists shares of vacation homes, generally an eighth but sometimes larger shares, and then facilitates the purchase, including financing if necessary.

'An extraordinary thing': U.S. break with Israel on UN cease-fire vote triggers Netanyahu rage

"The abstention is a very strong signal to Israel that the United States is losing patience," one senior regional analyst told CNBC.

Cramer says Washington's antitrust fights against Big Tech don't hold weight

CNBC's Jim Cramer on Monday told investors he disagrees with the government's antitrust lawsuits against mega cap tech companies.

Major Baltimore bridge collapses after container ship collision, 6 people missing

The bridge carries Interstate 695 across the Patapsco River, southeast of the Baltimore metropolitan area.

A global gold rush for buried hydrogen is underway β€” as hype builds over its clean energy potential

A global gold rush is underway for a long-overlooked resource that advocates say could play a significant role in the shift away from fossil fuels.

Apple could double down on China market, Wedbush says, as iPhone sales drop

Apple could double down on the China smartphone market amid declining iPhone sales and stiff competition in the country, Wedbush Securities said on Monday.

Indian bonds are set to be added to global indexes. Here's why it could be a gamechanger

Recent inclusions could lead to billions of dollars worth of inflows into India's rupee-denominated government debt, ease bond yields, all while supporting the local currency.

Microsoft picks company veteran Pavan Davuluri to lead Windows and Surface

Microsoft said Monday it has selected company veteran Pavan Davuluri to run its groups working on the Windows operating system and Surface devices.

Trump's net worth reportedly soars to $6.5 billion after media company stock jumps

Trump's social media company completed a merger, and a NY appeals court lowered the amount of cash he needs to pause a $454 million civil fraud penalty.

Elon Musk requires β€˜FSD’ demo for every prospective Tesla buyer in North America

Tesla CEO Elon Musk sent an email to employees on Monday informing them they have to show customers how to use "FSD" before making delivery in North America.

Kim Kardashian’s Skims is making bride-to-be Alex Cooper the star of its wedding brand

Alex Cooper, whose "Call Her Daddy" podcast has made her the most listened-to female podcaster, is starring in a new campaign for Kim Kardashian's Skims brand.

Adam Neumann makes a $500 million bid for WeWork that could hit $900 million if financing and diligence firm up

Adam Neumann has submitted an unsolicited bid in excess of $500 million to acquire WeWork out of bankruptcy, a person familiar with the matter told CNBC.

Jim Cramer says newly public Astera Labs is already too expensive

CNBC's Jim Cramer gave investors his take on the valuation of Astera Labs, which debuted on the market last week.

Biden campaign's latest broadside: A 'feeble' Trump is 'lying about having money'

The Biden campaign salvo came after a judge set a date for Trump's criminal hush money trial, and after another court cut his civil fraud bond to $175 million.

Software startup Recurrent helps used EV buyers know how much life is left in a vehicle

Recurrent aims to do for electric vehicle batteries what odometers do for fuel-powered cars: show the wear and tear on the battery and its future value.

Feds raid Sean Combs homes in LA and Miami as part of criminal probe in New York: NBC News

Four people have been interviewed in New York by authorities for a probe involving possible sex trafficking related to Sean Combs, who is also known as Diddy.

Reddit shares rise 30% to start week after social media company's IPO

Reddit shares climbed 30% to $59.80 at the market's close on Monday.

Two firms say Foot Locker wins from a strategy shift at Nike. We're not so sure

A couple of Wall Street upgrades helped lift FL shares nearly 6% Monday to roughly $25 apiece.

FTX estate selling majority stake in AI startup Anthropic for $884 million, with bulk going to UAE

Sam Bankman-Fried's bankrupt crypto exchange reached an agreement to sell the majority of its stake in the artificial intelligence startup Anthropic.

Lawsuit filed by Elon Musk's X against nonprofit CCDH thrown out by judge on free speech grounds

A suit filed by X against CCDH was dismissed by a federal judge, who wrote that Elon Musk's company was "punishing" the nonprofit for speech.

Adding features, such as an outdoor TV or pizza oven, can help sell your home for over $10,000 more, research finds

If you're listing your home with certain coveted features, that may help it sell for a higher price, new research finds.

Mega Millions jackpot hits $1.1 billion β€” and the big winner could face these costly pitfalls

The Mega Millions jackpot hit an estimated $1.1 billion, the fifth-largest prize in the game's history. The winner could face these pitfalls, experts say.

Truth Social owner Trump Media will begin trading under DJT ticker Tuesday

Donald Trump, the presumptive Republican presidential nominee, owns stock shares valued at $3 billion or more in the newly merged social media firm.

Millions of older adults with student debt are at risk of losing some Social Security benefits, lawmakers warn

Millions of older adults behind on their student loans could soon receive a smaller Social Security benefit.

Trump New York fraud bond cut to $175 million in appeal from $454 million

Former President Donald Trump earlier had complained he could not obtain a $454 million appeal bond for a New York civil fraud case judgment.

Ericsson will cut 1,200 jobs in Sweden

Ericsson announced on Monday that it will lay off about 1,200 employees in Sweden as the telecommunications company faces slowed demand for its 5G equipment.

Bitcoin jumps 7%, retakes $70,000 to start the week

Bitcoin spiked to start the final week of March, reclaiming the $70,000 level.

U.S. and Britain accuse China-linked hackers of β€˜malicious’ cyber campaigns, announce sanctions

The U.S. and U.K. on Monday accused Chinese state-affiliated hackers of being behind cyber campaigns targeting political figures.

We're considering a trim of this entertainment stock after a fantastic 2024 run

The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.

'The Fed has made two major mistakes in its history,' expert says. Here's how those affect policy today

As the Federal Reserve prepares to lower interest rates, the central bank is being particularly careful about not repeating past mistakes, experts say.

DWAC stock jumps 35% on Trump’s reduced bond, post-merger ticker news

A potential windfall from selling shares could help pay for Trump's legal bills and his damage judgments of over $500 million in three separate cases.

Trump turns to his 'old cast' to raise millions for 2024 and the PAC paying his legal bills

Donald Trump turns to small group of wealthy allies to help raise money for his campaign and fund a political action committee paying his legal bills.

A trucking and rail strategy that boomed during pandemic shocks is heating up again

Transloading, a supply chain strategy used during Covid, is back, a tailwind for CH Robinson, Uber Freight, Union Pacific, JB Hunt and Schneider.

Activist investor Politan plans second fight at Masimo

Quentin Koffey's Politan Capital waged a successful proxy fight at Masimo last year, and it is now seeking two more board seats.

Jim Cramer's top 10 things to watch in the stock market Monday

Stock futures were slightly lower to kick off the last week of March and the first quarter.

Trump hush money trial will start April 15, judge rules

Jury selection in the criminal hush money trial of Donald Trump will begin April 15, a New York judge ruled in a court hearing.

Biden trolls Trump over golf 'championship' trophies: 'Quite the accomplishment'

Donald Trump said he won two golf championship trophies at the Florida club he owns, as the New York attorney general considers seizing his assets.

Boeing CEO to step down in broad management shake-up as 737 Max crisis weighs on aerospace giant

Boeing CEO Dave Calhoun will step down at the end of 2024 in part of a broad management shakeup for the embattled aerospace giant.

Nelson Peltz withholds votes from Disney CEO Bob Iger in proxy battle

The move is hardly shocking, given the acrimonious nature of the battle. In recent weeks, Disney has stepped up its attacks on Trian and Peltz.

Match adds two directors in deal with activist investor Elliott Management

Match announced an information-sharing agreement with Elliott Management and added an Instacart executive and a Zillow co-founder to its board.

Home price growth is back at pre-pandemic levels. Here's what that means for buyers and sellers

While price growth is moderating and inventory is improving, overall housing costs remain high, experts say. Here's what to expect.

Oil rises after Ukraine strikes Russian refineries, Moscow orders output cuts to meet OPEC+ pledge

At least 10% of Russia's refining capacity has been disrupted by the attacks, according to British intelligence.

China's Xiaomi will price its Tesla EV rival under $69,400, CEO says ahead of Thursday launch

On Thursday, Xiaomi will officially launch the SU7, its first electric vehicle, and begin taking orders.

Binance executive escapes Nigerian custody as authorities file new tax charges

One of two Binance executives detained in Nigeria has escaped custody, while the Nigerian government has filed new tax evasion charges against the exchange.

Putin expected to use deadly Moscow attack to Russia's advantage, whoever's to blame

Russian officials and pro-Kremlin hawks blame Kyiv for the attack at the Crocus City Hall venue on Friday, despite Islamic State claiming responsibility.

EU launches probe into Meta, Apple and Alphabet under sweeping new tech law

The EU's probes into Apple, Alphabet and Meta are under the Digital Markets Act and focuses on the practices carried out by these tech giants on their services.

Apple to launch Vision Pro in China this year, Tim Cook says

Apple will launch its Vision Pro headset in China this year, CEO Tim Cook told Chinese state media.

Why auto insurance rates are skyrocketing in the U.S.

The average annual premium for full coverage auto insurance in the U.S. rose 26% from 2023 to 2024, according to Bankrate.

Nissan looks to address 'extreme market volatility' with 30 new models, EV cost cuts

Nissan is targeting an additional 1 million unit sales in the next three years and a 30% reduction in electric vehicle production costs by 2030.

China faces β€˜fork in the road,’ IMF chief says, urging Beijing to embark on pro-market reforms

China’s economy can grow far faster if it adopts a comprehensive package of pro-market reforms, according to IMF Managing Director Kristalina Georgieva.

China's new guidelines block Intel and AMD chips in government computers: FT

Government agencies above the township level to purchase "safe and reliable" processors and operating systems.

Singapore's former transport minister S Iswaran slapped with 8 new charges

The new charges bring his total amount of charges to 35, including corruption. Iswaran has pleaded not guilty to the earlier 27 charges.

Japan bucks private equity slowdown in Asia Pacific with deal value soaring 183% last year

Japan PE deal value surged 183% in 2023 from a year earlier, making it the largest private equity market in Asia Pacific for the first time.

Tammy Murphy drops out of NJ Senate Democratic primary to replace indicted Sen. Bob Menendez

Tammy Murphy's exit widens the path for Democratic Rep. Andy Kim to secure the party nomination and replace indicted Sen. Bob Menendez.

Nvidia has a parade of partners, but these two stocks are my favorite beneficiaries

Jim Cramer reflects on Nvidia's GTC conference and identifies the companies that stand to gain the most through partnerships with the AI chip giant.

As Trump's $454 million fraud judgment deadline looms, son Eric gripes 'they want to bankrupt him'

Donald Trump is trying to hold off a massive New York fraud judgment as he seeks to unseat President Joe Biden from the White House in November's election.

'There's going to be a problem': House Republicans ramp up pressure campaign on Speaker Johnson after budget saga

Marjorie Taylor Greene filed a motion to oust Speaker Mike Johnson from his post shortly after the House passed the final budget bill.

Inside Austin's bitcoin underground

Austin bitcoin 'maxis' talk code at underground meetups that attract a range of crypto enthusiasts, from corporate bitcoin operators to VCs and preppers.

Nvidia's AI ambitions in medicine and health care are becoming clear

Applying Nvidia AI chips to health care, whether it's biotechnology, chemicals, or drug discovery is going to be a big business.

Building a portfolio from scratch? Here's our step-by-step guide to get started

In this mailbag, we explain how new Club members can go about building their stock portfolios. Plus, we weigh in on the merits of stop-losses orders.

These 3 phrases make you sound smarter and more emotionally intelligent, experts say

The way you word your sentences can change how other people think about you, communication experts say. Using these three phrases can help.

Yale psychologist: Feeling too busy can damage your brain healthβ€”here are 3 easy ways to fix it

Yale University psychology professor Laurie Santos says filling up your calendar is bad for your well-being. Here are her strategies for feeling less busy.

The best- and worst-paying college majors, 5 years after graduation

Engineer majors earn double that of liberal arts majors five years after college.

There's a key deadline in April for borrowers hoping to get student loan forgiveness

Borrowers with multiple federal student loans who request a consolidation by April 30 could be closer to student loan forgiveness. What to know.

Amgen wants in on the booming weight loss drug market β€” and it's taking a different approach

Amgen is testing a monthly injection that works differently and appears to help patients maintain their weight loss even after they stop taking it.

Top Wall Street analysts like these dividend stocks for portfolio income

TipRanks' analyst ranking service highlights Wall Street's best-performing stocks, including Bank of America and PepsiCo.

Trump says 'I love Truth Social' one day after DWAC stock plunges on social media merger vote

Donald Trump faces big civil judgments, but the merger of Digital World Acquisition and his social media company could net him a $3 billion windfall.

These 5 portfolio stocks outran the market in Wall Street's strong week. Here's what fueled their gains

The Club's two chipmakers and its lone automaker were among the top-performing portfolio stocks this week.

Venting won't help, new study showsβ€”this is the No. 1 way to manage your anger

Researchers studied how effective activities like venting, running, meditation and yoga are at calming a person down.Β 

Biden signs $1.2 trillion spending package for government funding until October

The Senate passed the budget in a 74-24 vote at roughly 2 a.m. Saturday morning.

This is the happiest country for Gen Z and millennials, according to The World Happiness Report

Lithuania is the happiest country for people ages 30 and under. The United States came in at No. 62.

'There is no true migraine diet,' doctor says, but these 12 foods can trigger symptoms

Here's a list of foods that migraineurs say trigger headaches and migraines or makes their symptoms worse.

Two fresh ways to play the weight loss and megacap tech hype

A major exchange-traded fund provider is going deep on two popular plays: megacap tech and weight loss drug stocks.

No slowdown in spending among the wealthy on this Bahamian island

CNBC's Bob Pisani checks in from his vacation with a read on the global economy.

2 major market themes that could make or break stocks after this week's rally

Wall Street largely stumbled on Friday but still managed to post strong weekly gains.

Here’s how much money Americans in their 30s have in their 401(k)s

Americans in their 30s are around halfway to retirement age, but many don't have much saved in their 401(k)s.

New cars are now 'the worst' products when it comes to protecting consumer data

With all new car models headed for internet-connectivity, the auto industry is developing a reputation as the "worst" for consumer privacy with driver data.

68% of Americans feel stressed about cost when planning a dateβ€”here's who they think should pay

The majority of Americans agree the finances around dating are stressful. But there's differing opinions on who should pay for the first date.

'Gray divorce' has doubled since the '90s β€” and the financial risk is high for women

Americans age 50 and older are divorcing at much higher rates, and women are financially vulnerable.

Big week for tech IPOs Reddit, Astera boosts Morgan Stanley after extended lull

Morgan Stanley captured the coveted lead left spot on IPOs for Reddit and Astera Labs this week.

Activist Oasis may turn to a preferred playbook to help build value at Greencore

Oasis Management has previously stepped in at Premier Foods, and that experience could inform this latest engagement.

What investors should know about the U.S. easing vehicle emissions rules

The EPA's percentage targets for EV adoption are not mandates but expectations for how automakers can meet its new regulations.
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