Datasets:

KrossKinetic

/

SP500-Financial-News-Articles-Time-Series

like 1

https://www.cnbc.com/2010/03/09/20-Stocks-with-the-Potential-To-Drop-(Q1-2010).html

AEE

Ameren

20 Stocks with the Potential To Drop (Q1 2010)

It's the basic question when investing in a stock: is it on the way up or will it go down? To answer this question, the street has developed numerous ways of attempting to predict what will happen, estimating various attributes tied to stock performance in order to determine what the future holds for a company's valuation. After dissecting the data, analysts following a particular stock produce a price target of where they believe the stock is headed. From the entire S&P 500, which stocks are an This story has been updated. For the most recent numbers and stocks, click here. It's the basic question when investing in a stock: is it on the way up or will it go down? To answer this question, the street has developed numerous ways of attempting to predict what will happen, estimating various attributes tied to stock performance in order to determine what the future holds for a company's valuation. After dissecting the data, analysts following a particular stock produce a price target of where they believe the stock is headed. From the entire S&P 500, which stocks are analysts expecting to have the biggest drops? With data from ThomsonReuters, we took a look at which stocks have mean consensus estimates farthest below their stock prices (as of market close on 3/9/10). So, which stocks do analysts on average predict will have the biggest drop? Click ahead to find out! By Ariel Nelson & Paul Toscano Posted 9 March 2010

https://www.cnbc.com/2010/09/22/20-Stocks-With-the-Potential-to-Drop.html

AEE

Ameren

20 Stocks With the Potential to Drop

It's the basic question when investing in a stock: is it on the way up or will it go down? To answer this question, the street has developed numerous ways of attempting to predict what will happen, estimating various attributes tied to stock performance in order to determine what the future holds for a company's valuation. After dissecting the data, analysts following a particular stock produce a price target of where they believe the stock is headed. From the entire S&P 500, which stocks are an It's the basic question when investing in a stock: is it on the way up or will it go down? To answer this question, the street has developed numerous ways of attempting to predict what will happen, estimating various attributes tied to stock performance in order to determine what the future holds for a company's valuation. After dissecting the data, analysts following a particular stock produce a price target of where they believe the stock is headed. From the entire S&P 500, which stocks are analysts expecting to have the biggest drops? With data from ThomsonReuters, we took a look at which stocks have mean consensus estimates farthest below their stock prices (as of market close on 9/22/10). So, which stocks do analysts on average predict will have the biggest drop? Click ahead to find out! By Ariel Nelson, Giovanny Moreano & Paul Toscano Posted 22 Sept 2010

https://www.cnbc.com/2023/11/11/flight-discounts-are-back.html

AAL

American Airlines Group

$29 flights are back as airlines race to fill seats in the off-season

A Frontier Airlines airplane taxis past a Spirit Airlines aircraft at Indianapolis International Airport in Indianapolis, Indiana. Luke Sharrett | Bloomberg | Getty Images FORT WORTH, Texas — Airlines have a record 260 million seats to fill this quarter, and to do it, they're offering fares that will run you about the same as a pair of movie tickets. Southwest Airlines , for example, last month offered one-way fares of $29 for flights early in the morning or at night, just one example of airline discounting for off-peak periods. "I would characterize the amount of discounting or sales that we're doing today as a bit more than normal," Ryan Green, Southwest's chief commercial officer, told reporters at the Skift Aviation Forum earlier this month. He said the industry's increased capacity in recent months means there are more seats to fill, even though the carrier's average fare was up in the last quarter from a year ago. Leisure travelers, meanwhile, have largely returned to more traditional booking patterns after years of pandemic swings in demand, leaving airlines looking for ways to fill planes outside of holidays or other popular travel periods. "Typically, you see a step increase in price at each seven-day mark before a flight," said Scott Keyes, founder of Scott's Cheap Flights, a flight-deal company that recently rebranded as Going. But airlines are either dropping last-minute fares or not raising them as much as usual, he said. Airlines have scheduled a record 259.8 million seats for domestic flights in the fourth quarter, up nearly 8% from last year, on 1.86 million flights, up 6% from 2022, according to aviation-data firm Cirium. Getting the balance right in the off-season is a challenge for airlines, which make the majority of their revenue in the second and third quarters during the busy spring and summer seasons. Most major carriers reported record revenue and strong demand during those periods, with some executives reporting higher growth for international destinations over domestic ones. Falling fares The U.S. inflation read for September showed airfare dropped more than 13% from a year earlier, while overall consumer prices rose. JetBlue Airways said average fares dropped more than 12% in the third quarter during the same period of 2022 to $201.73. Budget carrier Spirit Airlines said fares dropped nearly 28% from a year earlier to $48.73, though non-ticket revenue, which includes add-ons such as seat selection fees and checked bags, rose 1% to $67.70. The Miramar, Florida-based airline, which JetBlue is trying to buy, warned about fare discounting before Thanksgiving and said, "unfortunately, we have not seen the anticipated return to a normal demand and pricing environment for the peak holiday periods." Fellow ultra-discounter Frontier Airlines said fares averaged a little more than $39 in the last quarter, down 32% from a year ago. All three carriers forecast losses for the last three months of the year. Rethinking capacity Declining pricing power in the off-peak periods has forced carriers to rethink where they're deploying their planes. Southwest plans to slow its growth next year to address the shifting demand patterns, though CEO Bob Jordan described demand on an earnings call late last month as "strong." "Capacity is the most precious commodity you have to produce revenue, and you got to deploy that capacity as efficiently as possible against demand," Jordan said during the Skift Aviation Forum. The carrier is planning to fly less on nonpeak days, like Tuesdays, compared with higher-demand periods, a measure that also prioritizes crews' time so they are ready fly more when it's busy, Jordan said. Frontier Airlines CEO Barry Biffle told CNBC that one thing the airline is changing is finding less crowded markets for its flights. "We are concentrating our growth away from the saturated markets," he said. "We will not shrink in Orlando and Vegas, but we're probably not going to grow it either." Holiday demand is still strong With shifting demand comes those eye-catching, double-digit fares. But they're usually gone quickly and are nearly guaranteed to be unavailable for peak holiday periods, with demand expected to hit or break records. Delta Air Lines said it expects to carry between 6.2 million and 6.4 million passengers from Nov. 17 to Nov. 28 during the Thanksgiving period, compared with 5.7 million last year and 6.25 million in 2019. United Airlines said it expects to fly 5.9 million passengers from Nov. 17 to Nov. 29, up 13% from last year and 5% more than 2019. American Airlines forecast a record 7.8 million travelers from Nov. 16 to Nov. 28, up from 7 million last year and beating out 2019 by around 200,000 customers. Southwest CEO Jordan said year-end holiday bookings are running ahead of last year's pace. Flight tracker Hopper said "good deal" domestic fares, which it defines as the bottom 10th percentile of available fares, are averaging $248 for Thanksgiving, down from $271 last year and $276 in 2019. Could it last? Airlines are now poring over their schedules for 2024 to try to best use their aircraft while they face higher costs such as fuel and labor that have pinched margins. "You're seeing carriers put out fares that look kind of like our fares, and what you should really think about is that that's not going to be permanent," Frontier's CEO Biffle said, citing costs. Carriers have gotten more sophisticated about addressing shifting demand patterns, meaning they can cut flights or capacity during travel lulls. Next year, fares are likely to stabilize, but it's too early to tell what promotional fares will be, said Henry Harteveldt, founder of travel industry consulting firm Atmosphere Research Group. "If inflation really continues at the torrid place it has been, if we see hiring soften, airlines may feel a need to invest in deeper promotion," he said. One advantage for full-service carriers is the variety of fares and products they can offer, from no-frills basic economy to first class, Harteveldt. That means they could increase their inventory of cheaper basic economy fares during weaker demand periods, or raise fares when demand is high for premium seats. Airlines "have the most sophisticated cash registers of any industry," he said.

https://www.cnbc.com/2021/12/06/stocks-making-the-biggest-moves-midday-american-airlines-kohls-lucid-group-and-more.html

AAL

American Airlines Group

Stocks making the biggest moves midday: American Airlines, Kohl's, Lucid Group and more

A jet from American Eagle, a regional branch of American Airlines (AA), takes off past other AA aircraft at Ronald Reagan Washington National Airport in Arlington, Virginia, December 3, 2021. Check out the companies making headlines in midday trading. Airlines — Airline stocks rose on Monday as stocks linked to the recovering economy boosted the major averages. American Airlines rose 7.9%, United Airlines added 8.3%, and Delta Air Lines popped 6%. Alaska Air Group rallied 4.2%. Cruise line and casino stocks — Norwegian Cruise Line rose 9.5% and Carnival rallied 8.1% as reopening plays charged higher. Las Vegas Sands gained 7.2%. MGM Resorts and Wynn Resorts rose 5.1% and 6%, respectively. Kohl's — Shares of the retailer rallied 5.4% following news that activist investor Engine Capital is recommending that Kohl's consider either a sale of the company or a separation of its e-commerce business. GCP Applied Technologies — Shares of GCP Applied Technologies soared 17.1% after the maker of specialty construction chemicals agreed to be acquired by French construction company Saint-Gobain for $32 per share in cash, or about $32 billion. Lucid Group —Shares of the electric vehicle start-up dropped 5.1% after news that the company received a subpoena on Friday from the Securities and Exchange Commission "requesting the production of certain documents related to an investigation." Lucid is the latest EV start-up to go public via a SPAC deal to be investigated by the SEC. Wells Fargo — Shares of Wells Fargo rallied 2.3% after Morgan Stanley upgraded the stock to overweight from equal weight. Morgan Stanley said Wells is the most asset-sensitive stock in its coverage and higher fed funds futures warrant an upgrade. The firm named Wells a top 2022 pick. Spirit Airlines — Shares of the discount airline rallied 6.1% after Evercore ISI upgraded Spirit to outperform from in line. Evercore said in its upgrade that it sees "see strategic optionality as company execution and demand improve." MicroStrategy – Shares of the business analytics software company dropped 5.5% on the heels of bitcoin's sell-off over the weekend. MicroStrategy holds billions of dollars' worth of bitcoin on its balance sheet, so the company's stock is sensitive to fluctuations in the world's largest cryptocurrency's price. Alibaba — The Chinese internet giant's shares jumped 10.4% after the company announced a reorganization of its international and domestic e-commerce businesses. Alibaba also said it will replace its CFO. Boston Beer — Shares of the beverage maker rose 6.9% after Cowen upgraded Boston Beer to market perform from underperform. Cowen said in its upgrade of the beer company that the valuation re-rating is likely complete. — with reporting from CNBC's Yun Li, Pippa Stevens and Hannah Miao.

https://www.cnbc.com/2019/10/24/american-airlines-aal-q3-19-earnings-top-wall-street-estimates.html

AAL

American Airlines Group

American Airlines third-quarter earnings top estimates, but costs from Boeing 737 Max grounding grow

American Airlines shares rose Thursday after posting third-quarter earnings that were slightly ahead of Wall Street estimates, despite rising costs from the Boeing 737 Max and hundreds of flight disruptions over the peak summer period. American's net income climbed more than 14% to $425 million from a year ago on revenue of $11.91 billion, which was slightly lower than estimates but higher than last year. American's shares rose 4%. The quarter was challenging for the Fort Worth, Texas-based airline. In addition to the Max grounding, American suffered operational problems that have forced its customer service team to call travelers to apologize and offer compensation such as frequent flyer miles for the disruptions. The airline has accused the unions representing its mechanics of an intentional slowdown to gain leverage in contact talks, allegations the unions have denied. American slightly lowered its full-year earnings forecast by 50 cents at the top end to a range of $4.50 and $5.50. The quarter's "results should have been better," CEO Doug Parker said in an earnings release. "Our third quarter was impacted by the continued grounding of the Boeing 737 MAX and the operational challenges resulting from ongoing labor contract negotiations. These challenges affected our customers, our shareholders and our team members, who we thank for their hard work and perseverance. "Producing such strong results despite a difficult summer is due entirely to your hard work," Parker said in a note to employees. Adjusted earnings per share came in at $1.42, above the $1.40 analysts expected. The airline said it expects that the Max grounding, now in its eighth month, will cost it about $540 million in pretax income this year. In July, the carrier forecast a $400 million hit to pretax earnings this year because of the grounding. American is "working to ensure that Boeing shareholders bear the cost of Boeing's failures, not American Airlines' shareholders," Parker said on Thursday's earnings call. American removed the Max planes from its schedules until mid-January as regulators haven't yet signed off on Boeing's fixes for the troubled jets. The airline expects to increase its capacity by 5% next year, assuming the Max returns. American's CFO, Derek Kerr, said the airline slowed its hiring earlier in the fall amid the grounding but it has since picked up the pace "so we're ready to roll" if the plane gets a green light from regulators. The planes were grounded worldwide by regulators after two fatal crashes — one in Indonesia in October 2018 and another, less than five months later, in Ethiopia. Regulators haven't said when they will allow the jets to fly again. They haven't yet approved software changes Boeing made for the planes after a flight-control system was implicated in both crashes.

https://www.cnbc.com/2019/08/14/american-airlines-wants-mechanics-unions-to-pay-for-canceled-flights.html

AAL

American Airlines Group

Labor tensions flare at American Airlines over hundreds of canceled flights

Maintenance workers cover the engine of an American Airlines Group Inc. Boeing Co. 737 Max plane outside of a maintenance hangar at Tulsa International Airport (TUL) in Tulsa, Oklahoma, U.S., on Tuesday, May 14, 2019. American Airlines has accused the unions representing its mechanics of a purposeful work slowdown to win leverage in contract talks, which it said caused more than 900 flight cancellations over the last two months. Now the airline wants compensation from the unions. A U.S. federal court in Texas this week issued a permanent injunction against the mechanics unions for the slowdown that American alleged in a suit this spring. A day later, Fort Worth-based American Airlines, said it would seek damages from the unions — the Transport Workers Union of America and the International Association of Machinists and Aerospace Workers — saying they violated earlier court orders to resume usual work levels. The unions, which represent the airline's more than 12,000 mechanics, have denied the allegations. The unions have caused "enormous financial losses to American, and untold harm in lost customer good will," American said in its filing Tuesday. It said the amount would be determined at a hearing.

https://www.cnbc.com/2019/10/10/american-airlines-shuffles-top-staff-after-customer-service-executive-steps-down.html

AAL

American Airlines Group

American Airlines shuffles top staff after key customer service executive steps down

American Airlines is shuffling some of its top executives after a key departure and struggles with its operations that led to hundreds of flight cancellations and long delays over the past few months. Kerry Philipovitch, senior vice president of customer experience, handling areas from reservations, customer service, baggage and premium service, will retire at the end of the year, the airline said Thursday. A spokesman called the departure of Philipovitch, 49, who has been in the role at American since 2013, "entirely voluntary." The changes come amid growing pressure on American's CEO, Doug Parker, to improve the Fort Worth, Texas-based carrier's operations after it faced hundreds of cancellations over the summer, angering customers and employees. American's stock is down more than 15% so far this year while Delta and United are each up 4%. American has blamed many of the delays and cancellations on the unions representing its mechanics, which it accused of conducting an illegal work slowdown to gain leverage in contract talks, accusations the unions have denied. Negotiations resumed last month. "The most important thing we can do to make culture a competitive advantage and deliver a world-class customer experience is run a safe and reliable operation. We haven't been consistently hitting the mark, and that's not fair to our team or our customers," American's president, Robert Isom, said in a note to employees. The airline has made recent improvements, however. In September, nearly 83% of American's flights arrived on time, its best month since November 2017 and more than 4 percentage points higher than the year-earlier period. "The changes we're announcing today will help build on that momentum and ensure we're operating better than ever by increasing coordination across all operations functions," Isom said. The changes will mean Isom will have four direct reports, down from five, since American won't replace Philipovitch. David Seymour, for example, will expand his role as head of operations to take on Philipovitch's tasks of managing airport operations. Head of network planning, Vasu Raja, who was promoted to senior vice president, will add airline alliances and partnerships to his role. Joint ventures and equity stakes have become more important to airlines as they expand because foreign ownership rules prevent carriers from buying foreign airlines outright. Last month, rival Delta announced a surprise minority stake in American's longtime Latin American partner LATAM, the region's largest airline. Kurt Stache, senior vice president of loyalty and marketing, will take on passenger experience management, which Philiopovich previously handled. The changes will mean Isom will have four direct reports, down from five.

https://www.cnbc.com/2019/09/05/american-airlines-mechanic-charged-with-sabotaging-an-aircraft.html

AAL

American Airlines Group

American Airlines mechanic charged with sabotaging a plane

An American Airlines mechanic has been arrested and charged with sabotaging an aircraft's navigation system before a flight in July, forcing the crew to abort takeoff from Miami, authorities said. An affidavit in federal court filed Thursday said that the mechanic told law enforcement he was upset about stalled contract negotiations with the company and that the "dispute had affected him financially." Flight 2834 was about to depart for Nassau in the Bahamas on July 17 with 150 people on board, when an error message appeared after the engines were started up. The crew aborted takeoff and returned to the gate. The plane was taken out of service for maintenance, American Airlines said. Passengers deplaned and American provided a different aircraft for the flight. The mechanic told law enforcement officials he inserted and glued a piece of foam into the inlet of the plane's air data module, which measures the plane's pitch, speed and other information, according to the affidavit. The mechanic, Abdul-Majeed Marouf Ahmed Alani, has been suspended, the airline said. He is set to appear in court on Friday, according to the U.S. attorney's office in Miami. The incident was "disturbing and disappointing to all of us," David Seymour, American's senior vice president of integrated operations, told employees Friday. "Fortunately, with appropriate safety protocols and processes, this individual's actions were discovered and mitigated before our aircraft flew. We have been cooperating with authorities in this matter and will continue to do so." American's corporate security contacted the FBI to report "possible sabotage," the affidavit said. Federal investigators reviewed security camera footage that showed Alani accessing an equipment compartment in the plane for seven minutes, it added. American returned the plane that aborted takeoff back to service after an inspection. Alani said "his intention was not to cause harm to the aircraft or its passengers" but to "cause a delay or have the flight cancelled in anticipation of obtaining overtime work," according to the affidavit. A fellow mechanic found a loose pitot tube, which connects to the aircraft data module, according to the affidavit. The tube turned out to have been blocked by the foam, federal investigators said. American and its mechanics have been locked in a bitter dispute over contract talks this year. The airline has accused the unions that represent its some 12,000 mechanics of purposefully disrupting operations by forcing aircraft out of service in order to gain leverage in negotiations. A federal court in Texas last month issued a permanent injunction against the unions for the alleged slowdown. American has said the unions' actions have forced it to cancel or delay hundreds of flights, adding to operational challenges stemming from the worldwide grounding of the Boeing 737 Max. The unions have denied the allegations. "From a union standpoint we wouldn't condone even the thought of doing this," said Gary Peterson, a vice president at the Transport Workers Union, one of the unions that represents American's mechanics. Contract talks between the unions and American are set to resume Sept. 16. American's Seymour said there are fewer aircraft out of service since the middle of the summer, helping improve operations.

https://www.cnbc.com/2019/09/19/american-airlines-aims-for-better-2020-after-summer-travel-disruptions.html

AAL

American Airlines Group

American Airlines canceled more flights than any US carrier in July: 'It was a tough summer for us'

American Airlines canceled more flights than any other major U.S. carrier and struggled with persistent delays in July, according to new government data. American has blamed the grounded Boeing 737 Max, a bitter labor dispute with its mechanics and summer storms for the mounting disruptions. Fort Worth, Texas-based American canceled 6,529 flights in July, about 3.5% of its schedule, the Department of Transportation said Thursday. "It was a tough summer for us," CFO Derek Kerr said Wednesday at the Skift Global Forum, a travel industry conference in New York. "We're focusing on next year." A federal court last month issued a permanent injunction against American's mechanics unions, which the airline alleged were engaged in an illegal work slowdown to disrupt operations and win leverage in contract negotiations. The unions have denied American's allegations, but the airline cites tensions as contributing to hundreds of flight delays. American and the mechanics unions resumed contracts talks this week. What's more, delays only compound. The impact of out-of-service aircraft early in the morning "ripples through the whole day," leading to more cancellations and delays, Kerr said. American's executives are under pressure to improve operations as the carrier's stock — already down 11% this year — lags its competitors. Southwest is up 19%, United is up 7% and Delta is up 18% in 2019. Customer service agents have been calling some passengers affected by the disruptions to apologize and offer compensation, such as frequent flyer miles. American is not the only airline grappling with the grounding of the Boeing 737 Max, which has led to thousands of flight cancellations during the peak summer travel season, or with bad weather. United had the second-highest number of cancellations in July, equal to 2.5% of its schedule. Four stormy days in the month led to more than two-thirds of the carrier's canceled flights, said United spokesman Charlie Hobart. "These are always challenging months," he said. American's on-time arrival rate, though, improved in July to 74.9% from 70.4%, ranking it sixth among airlines for the month, but seventh for the year. Budget carrier Frontier Airlines came in 10th place for on-time arrivals, a rank it's held since May, with a rate of 71.1%. JetBlue and United ranked ninth and eighth, respectively, the DOT data show.

https://www.cnbc.com/2019/10/09/pressure-mounts-on-american-airlines-ceo-doug-parker-after-stock-slide.html

AAL

American Airlines Group

Poor morale, sliding stock: Pressure mounts on American Airlines CEO Doug Parker

American Airlines CEO Doug Parker attends a ceremony to mark the opening of five new gates at O'Hare International Airport on May 11, 2018 in Chicago, Illinois. Scott Olson | Getty Images News | Getty Images Mounting problems for American Airlines CEO Doug Parker can be summed up in an Instagram post by his rival at Delta . "Hi from #Santiago," wrote Delta CEO Ed Bastian in the caption of the Oct. 1 selfie post, the Chilean capital in the background. "If you've never been, I highly recommend. With our new partner @latamairlines, you'll be able to explore the Americas (and the rest of the world) like never before." It was the corporate equivalent of seeing your ex-girlfriend's new boyfriend post their first pictures online together. Less than a week earlier, Delta announced a shocker: It plans to buy a 20% stake in Santiago-based LATAM, a blow to American that ended its two-decade partnership with what is now the largest airline in Latin America, a region where American is already strong. American failed to secure closer ties with LATAM after its proposed joint venture was blocked by the Chilean Supreme Court earlier this year, setting the stage for Delta to swoop in. American's problems go far beyond its failed pursuit of a joint venture with LATAM, which it said without Chile's sign-off, "would have provided limited upside." American's management is facing a slumping stock price, strained labor relations and unhappy customers, raising questions about how CEO Parker can turn things around. A bad summer The rough summer "was driven by us not flying as good an operation as we'd like," Parker said in an interview. The airline's latest woes have added to chatter among industry insiders about whether Parker, who is also chairman, will be able to ride out the storm. "Morale is at an all-time low," said Lori Bassani, president of the Association of Professional Flight Attendants, which represents about 28,000 American Airlines cabin crew members. Flight attendants are "tired of apologizing for everything that's going wrong with the airline," she said. American has struggled with lengthy delays and cancellations this year, canceling more flights than any other airline in July, according to the Department of Transportation. Parker blamed the problem on the unions representing its mechanics, which the airline accused of an "illegal work slowdown" that prevented it from having enough aircraft at hand. The unions have denied the allegation. "When we don't provide [flight attendants] with enough aircraft to start the day ... that does have an effect on morale," Parker said. 737 Max grounding American's executives have also noted that the prolonged worldwide grounding of the Boeing 737 Max has hit its revenue and growth. On Wednesday, American cancelled Max flights until mid-January as the grounding drags on and said it expects a $140 million hit to its pretax income in the third quarter after cancelling more than 9,400 flights in the three-month period. Analysts expect revenue of more than $11.5 billion. But American's stock is down sharply this year, while other carriers that are also struggling with Max cancellations are all up. In late August, American's stock hit a post-merger low. Its shares are down more than 18% so far this year, while United 's stock is up by just more than 1% and Southwest 's has risen by more than 14% as of Tuesday's closing prices. Delta, which doesn't fly the Max, is up by almost 7%. All four count Warren Buffett's Berkshire Hathaway among their biggest investors. American will update investors on its third-quarter performance estimates before the market opens Wednesday, a day before U.S. airline earnings kick off with Delta on Thursday morning. Still profitable Despite its troubles, American is profitable, thanks to economic growth that has fueled demand for travel and rewards credit cards. Analysts expect its revenue is rise 3.3% this year to $46 billion, less than sales growth estimates for Delta and United. More trouble could be on the way if there is an economic downturn. American has a higher debt load than its competitors — close to $35 billion, according to FactSet, about the same of Delta and United's debt combined. Jonathan Root, senior vice president at Moody's, said that American's debt load isn't a "survivability issue" but that its higher interest burden can hinder cash flow generation. Succession question Parker has been CEO of American — or the companies that preceded its current form — since 2001. Parker, 57, is the longest-running CEO of a major U.S. carrier and has outlived the average tenure of eight years for a corporate CEO, according to executive search firm Korn Ferry. But he's has kept mum on the company's succession planning. Industry watchers have speculated on successors for Parker, should the board decide on a new CEO, with former American executive Scott Kirby mentioned as someone with the skills to run a giant, complex airline. While Kirby led a profitable expansion as president of United, he denied any notion of rejoining American at an industry conference last week. He told the crowd he plans to end his career at United, according to travel industry site Skift. 'Running a good airline' Parker declined to comment on whether he's considered stepping down and said his focus is on improving cash flow and American's operations, particularly growing at big, profitable hubs like Dallas and Charlotte, North Carolina. "What we can do for American and our customers and our brand and our shareholders right now is make sure we're running a good airline, something we're good at, by the way," Parker said. "We had a difficult summer and that certainly hurts perception from everyone. We recognize that and we care about it. We're very happy it hasn't continued and we're committed to making sure it doesn't reoccur." Parker said American's operations have recently improved, particularly after negotiations with the mechanics unions resumed last month and the peak summer travel months. In September, nearly 83% of American's flights arrived on time, its best month since November 2017 and more than 4 percentage points higher than the year-earlier period. Calls to customer service that surged during the slew of summer disruptions are back to normal and on some days at below-average levels, he added. Over the summer, American Airlines customer service agents called some travelers whose flights were disrupted to apologize and offered compensation such as frequent flyer miles. The company has been studying how its brand is perceived by customers since last year, a spokesman said. Long career Parker has a wealth of experience — he's been in the CEO role at a major U.S. airline for more than 18 years, taking the helm of America West days before the Sept. 11 attacks. He oversaw America West's merger with US Airways in 2005 on the heels of US Airways' bankruptcy and again with the US Airways merger with American in 2013 — each time leading the combined company. But a focus on keeping costs low, a strategy at US Airways, doesn't necessarily work for American in 2019, analysts said. Under Parker, American embarked on an initiative dubbed "Project Oasis" to add thinner seats with no seatback entertainment screens to aircraft and fit more of them on board. The project was put on hold amid the 737 Max grounding. "Doug has never been able to shed that mindset," said Henry Harteveldt, founder of consulting firm Atmosphere Research Group. The structure at the top is lean, too. American doesn't have a chief commercial officer or a chief operations officer that could take on some of the company's challenges. Big challenge "I think American is a very hard beast to turn around," said Samuel Engel, head of the aviation practice at consulting firm ICF. "Hats off to Parker and the team because they've taken it a lot farther than other teams have gone. The current challenge is a magnitude of the challenge." American has made some moves to improve customer experience. It has invested in its first-class lounges and added fast Viasat Wi-Fi to its planes, partly to make up for the lack of seatback entertainment. But employee morale remains low, labor leaders say, and American could be facing higher costs soon. In addition to its turbulent negotiations with its mechanics, American is also in talks with its flight attendants and more than 12,000 pilots. "Our very pilots are asking the same questions that shareholders are asking and passengers are asking," said Dennis Tajer, a Boeing 737 captain and spokesman for the Allied Pilots Association, the airline's pilot union. "When will it get better?"

https://www.cnbc.com/2024/01/26/fridays-top-analyst-calls-aapl-tsla-coin-googl-more.html

AAL

American Airlines Group

Here are Friday's biggest analyst calls: Apple, Tesla, Coinbase, Amazon, Alphabet, Pinterest, Snap & more

Here are Friday's biggest calls on Wall Street: CFRA upgrades Seagate to buy from hold CFRA upgraded Seagate after its earnings report and said it sees a cloud demand recovery. "Despite macro concerns, we see IT hardware budgets recovering off lows on secular growth drivers. Initial signs of cloud stabilization provide optimism, but broader demand recovery is still gradual given economic uncertainty." Oppenheimer reiterates Apple as outperform Oppenheimer said it's bullish on Apple's future in gaming. "We believe Apple management is committing to building Apple hardware as the best HD gaming platform." Bank of America reiterates Alphabet as buy Bank of America raised its price target on the stock to $175 per share from $166. "We see Alphabet as well positioned long term with leading AI technology to apply to search, YouTube and Cloud businesses. Bank of America reiterates Apple as buy Bank of America said it's standing by its buy rating Apple. "We maintain our Buy rating on Apple given positive estimate revisions, margin expansion and growth in Services. Apple was recently added to the US1 List at BofA. JPMorgan reiterates Tesla as underweight JPMorgan lowered its price target on the stock to $130 per share from $135 after the company's earnings report on Wednesday. " Tesla profit expectations have fallen, but even after Thursdays sell-off, the stock to us seems in comparison to have hardly noticed, suggesting plenty of further downside potential." TD Cowen upgrades American Airlines to outperform from market perform TD said shares of the airlines are getting its "mojo" back. "We are upgrading shares of American Airlines Group to Outperform and increasing our PT to $21." UBS downgrades Humana to neutral from buy UBS said in its downgrade of the health insurance company that Humana shares are too volatile right now. "Given the volatility in the company's near-term results and management's own commentary suggesting an extended time frame for recovery to normalized margins, we believe the shares will tend to trade at a mid-teens forward multiple from here." Needham downgrades Intel to hold from buy Needham said it sees too many challenges ahead for Intel after its earnings report on Thursday. "We are downgrading INTC shares to Hold following an unexpected EPS reset, GM headwinds and challenges still faced in the core data center segment." Oppenheimer upgrades Coinbase to outperform from perform Oppenheimer said it sees multiple catalysts ahead for the crypto company. "We are upgrading COIN from Perform to Outperform, and initiating a PT of $160. Our upgrade is based on our thesis that 1) either COIN will prevail in SEC lawsuit or the court will dismiss it; 2) Spot Bitcoin ETF is a net positive." Deutsche Bank upgrades Snap to buy from hold Deutsche said shares are undervalued. "We are upgrading SNAP to Buy from Hold. We see a clear, strong catalyst path towards upwards revenue and EBITDA revisions supported by: a) Snapchat+ creating incremental revenue, b) the ad platform rebuild yielding strong performance results and driving growing advertiser adoption." Oppenheimer upgrades Bread Financial to outperform from perform Oppenheimer said the stock is "undervalued." "We usually stay away from transition stories during tough economic times, but BFH's valuation and near-rightsized capital metrics are very enticing." JPMorgan downgrades Dow to neutral from overweight JPMorgan said in its downgrade of the chemical company that it sees "constrained" cash flow. " Dow's cash flow is ample to fund current cash requirements, but is constrained to do more than that." Bank of America reiterates Amazon as buy Bank of America said Amazon is "well positioned." "With drivers for AWS acceleration and margin upside in place, we think the stock is well positioned into 2024 at just 2.4x 2025E P/S, near the middle of its historical range of 0.8-4.0x since 2010." Piper Sandler downgrades US Bancorp to neutral from overweight Piper downgraded the stock mainly on valuation. "However, we are lowering our rating on USB from OW to Neutral. We still think extraordinarily highly of this company. But with last year's capital-related idiosyncrasies having worked themselves out well, and with the shares at a premium to peers, we see fewer company-specific catalysts to cause the stock to outperform peers." UBS downgrades Archer-Daniels Midland to neutral from buy UBS said in its downgrade of Archer-Daniels Midland that margins are degrading. "We are downgrading to Neutral with Price Target of $51/shr (no upside). We see downside to street earnings driven by 1) No growth in Nutrition segment; 2) Soy crush driving Yoy Decline in Crush earnings." RBC downgrades Northrop Grumman to sector perform from outperform RBC downgraded the stock after its earnings earnings and says upside is limited. "We are downgrading our recommendation on NOC from Outperform to Sector Perform, and we are lowering our price target to $450." Goldman Sachs upgrades Asur to buy from sell Goldman said in its upgrade of Asur that the Mexico airport company is a "structural growth story." "We upgrade the stock to Buy as we believe it offers: i) a structural growth story with a challenging short term at least partly priced in; ii) undemanding valuation on our estimates (stocks are currently ~30% below the multiple implied by the correlation with 10y rates in Mexico)." Goldman Sachs reiterates Jabil as buy Goldman reinstated coverage of the electronics company with a buy and says it sees "reduced volatility" for Jabil. "Rising exposure to fast growing and more profitable end markets; Reinstate at Buy." Wedbush reiterates Tesla as outperform Wedbush said it's standing by Tesla, but removed the stock from its best ideas list. "We are removing TSLA from the Wedbush Best Ideas List (BIL) due to our investment price discipline. Evercore ISI reiterates Pinterest as outperform Evercore said it's standing by its outperform rating on the stock after a "series of channel checks." "We are materially raising estimates and our PT (from $45 to $50) on PINS and reiterating our Outperform (our #1 SMiD Cap Long) in the wake of our proprietary tracking and analysis of its Amazon partnership and a series of channel checks."

https://www.cnbc.com/2019/08/21/american-airlines-to-pay-22point1-million-us-fine-over-mail-delivery-times-justice-department.html

AAL

American Airlines Group

American Airlines to pay $22.1 million US fine over mail delivery times: Justice Department

The United States Postal Service contracted with American to take possession of receptacles of U.S. mail at six locations and then deliver it to numerous international and domestic destinations. The settlement resolves claims American Airlines falsely reported the times it transferred possession of the mail. American did not immediately comment Tuesday. American Airlines , the largest U.S. airline, will pay $22.1 million to settle claims it falsely reported the times it transferred possession of U.S. mail to foreign postal administrations or other intended recipients, the U.S. Justice Department said on Tuesday. "We expect companies doing business with the government to comply with their contractual obligations, said Assistant Attorney General Jody Hunt, who heads the department's civil division. "The Department of Justice vigorously pursues all manner of fraudulent conduct that undermines the benefits that the government has bargained for."American said in a statement it was pleased it had reached a settlement. "The allegations focused on conduct that was remedied years ago, and we have invested in new equipment and procedures to ensure that we are in full compliance with our commitments," the statement said. It added that "the U.S. Postal Service is an important customer for American, and we are glad to have corrected these procedures and put this matter behind us." American said in a securities filing the Justice Department in April 2015 notified the airline it was investigating Americans 2009 and 2011 contracts with the U.S. Postal Service for the international transportation of mail by air. The contract required American to take possession of mail at U.S. locations or at various Department of Defense and State Department locations abroad, and then deliver that mail to numerous international and domestic destinations. "To obtain payment under the contracts, American Airlines was required to submit electronic scans of the mail receptacles to USPS reporting the time the mail was delivered at the specified destinations. The contracts specified penalties for mail that was delivered late or to the wrong location," the Justice Department said. "The U.S. Postal Service contracts with commercial airlines for the safeguarding and timely delivery of U.S. Mail to foreign posts, including the mail sent to our soldiers deployed to foreign operating bases, said Scott Pierce, special agent in Charge, USPS Office of Inspector General.

https://www.cnbc.com/2023/12/20/tesla-hiring-nordic-policy-expert-as-wwe-like-standoff-with-unions-intensifies.html

AEP

American Electric Power

Tesla hiring Nordic policy expert as 'WWE-like standoff' with unions intensifies

In this article TSLA Follow your favorite stocks CREATE FREE ACCOUNT C.E.O. of Tesla, C.E.O. of SpaceX and C.T.O. of X Elon Musk speaks during the New York Times annual DealBook summit on November 29, 2023 in New York City. Michael M. Santiago | Getty Images Tesla is hiring a Nordic public policy expert as the U.S. electric vehicle giant's bitter dispute with labor unions across the region shows no sign of reaching a resolution. The company and members of Swedish trade union IF Metall have been embroiled in a standoff over Tesla's refusal to sign collective bargaining agreements, a key tenet of Sweden's labor relations framework. Though the dispute began with 130 mechanics at 10 Tesla repair workshops in a handful of Swedish cities, solidarity strikes have been launched by workers across multiple unions in Sweden and beyond. Danish, Finnish and Norwegian unions in a range of sectors have in recent weeks announced their own measures to pressure Tesla into granting collective bargaining rights to its Swedish staff. Several pension funds have also dumped their holdings of Tesla stock over the company's refusal to enter into agreements with labor unions. According to a job posting on Tesla's website, the company is now seeking an "all-round Stockholm- or Oslo-based Nordics public policy and business development manager," whose role will be to ensure that the "political, regulatory and fiscal frameworks" in the Nordics "support Tesla's mission." Last week, Sweden's Transport Workers' Union said it would stop collecting waste at Tesla's workshops in the country, joining dockworkers, truck drivers, electricians, cleaners and postal workers. Swedish labor relations, shaped by a series of accords reached throughout the 20th century, mean that almost all pay is subject to collective agreements between companies and labor unions, without any government intervention. watch now Other Nordic countries have similar foundational principles, and therefore the majority of a population that represents a key market for Tesla are part of a union. The workers are not making any demands on pay or conditions, but rather trying to strong-arm the company into signing an agreement largely considered a prerequisite for doing business in Sweden and the surrounding region. Tesla CEO Elon Musk is famously anti-union, and described action from Swedish postal workers to block the delivery of license plates to the company's vehicles as "insane." Tesla has not responded to a CNBC request for comment on this issue. Most of the strikes will take effect in the coming days, but neither Musk nor the unions have shown any indication of backing down. A 'growing brush fire' Dan Ives, managing director at Wedbush Securities, suggested the "WWE-like standoff" is increasingly becoming a "third rail" issue in Sweden and the wider region. "While the Scandinavian situation is a contained situation that Tesla is battling, it's an important lightning rod issue around unions globally," Ives said in a note last week. "With the Shawn Fain led UAW battle vs. Detroit which results in GM , Ford , Stellantis giving into union demands, the next battleground could be Tesla." watch now The United Auto Workers union in November launched an unprecedented campaign to organize 13 nonunion automakers in the U.S. covering 150,000 workers, after securing record contracts with Detroit car manufacturers. Ives said it is "very unlikely" that unions in the U.S. will have much success in going after Musk and Tesla in isolation. However, he suggested that if the company caves to the mounting front of Scandinavian unions, it could create a "growing brush fire that eventually gets to the UAW and U.S. into 2024." Will Tesla cave? The unique stalemate pits the unstoppable force of the world's richest man and U.S. corporate might against the seemingly immovable object of Scandinavian organized labor principles, meaning the outcome remains deeply uncertain. George Kochanowski, global supply chain expert and CEO of U.S.-based shipping container firm Staxxon, noted that there are only two possible outcomes — either Tesla folds, or Scandinavian union solidarity falls apart and is forced to back down. "I think that [Musk] will have to capitulate with time, but he won't do it now. I think it'll happen with time, unless the cost of energy continues to rise in Europe," he told CNBC on Monday. "It could spread, if the garbage men don't take out the garbage from the maintenance shops and the dealerships, etc., but is there an ethical question here? Where do the dockworkers get the right to pick one thing to unload and load and not the other? That's a tough one." watch now

https://www.cnbc.com/2023/11/20/look-inside-this-startups-self-propelled-rv-as-camping-goes-electric.html

AEP

American Electric Power

Look inside this startup's self-propelled RV, as camping goes electric

The $50 billion travel trailer industry is finally hitching up to the electric vehicle ecosystem. Legacy companies such as Winnebago and newcomers such as Lightship and Pebble Mobility are not only electrifying their systems, but they are also changing the vehicle model itself. As more Americans move to electric cars, the trailer industry has to evolve because the towing runs down the battery quickly. The drag on battery power can make towing an RV long distances with an EV prohibitive. California-based startup Pebble Mobility has invented a self-propelled, self-powered, remote-controlled trailer. The 25-foot vehicle sleeps four and has its own electric motor. It propels itself, saving on the power needed by the car dragging it. "We have a generous EV battery on board and an integrated solar array over the rooftop of the travel trailer — so harnessing renewable energy from the sun and powering the entire vehicle," said Bingrui Yang, CEO of Pebble. Yang, an Apple alum who helped build the iPhone, says he is using that knowledge to enhance the RV experience. "We brought an iPhone-like experience to the RV, automated the hardest part, such as hitching, parking, towing, setting up camp, so that anyone can easily access all the freedom RV-ing has to offer without any of the hassle," he said. The user can use Pebble's app to maneuver the trailer on its own, which helps in tight spaces. That high tech is a focus for investors, such as UpHonest Capital, which is seeing a generational shift in RV use from baby boomers to millennials. "This group of consumers are very different from the baby boomers — they are more tech forward. They are tech savvy, they want a better experience, they want a better toy experience. So they have completely different demands from the previous generation," said Ellen Ma, managing director at UpHonest Capital. In addition to UpHonest, Pebble is backed by Lightspeed and Vision Plus. It has raised $13.6 million in funding so far. The trailer price starts at $109,000 without the self-propelling motor. Potential tax credits could bring that down. The version with the motor starts at $125,000, which is comparable to other RVs. Yang said as they continue to grow the company, they will come out with more products at different price points, catering to consumer needs. With the solar and battery power, the Pebble makers say it can live off the grid for seven days, without propane or a generator required. The kitchen appliances, lights, AC and everything else are fully electric. Pebble aims to deliver the first models in 2024. — CNBC's Lisa Rizzolo contributed to this piece. Don't miss these stories from CNBC PRO:

https://www.cnbc.com/2024/01/11/gop-presidential-candidates-all-oppose-student-loan-relief-.html

AEP

American Electric Power

GOP presidential candidates agree: Student loan borrowers shouldn't get forgiveness

Former South Carolina Governor Nikki Haley, Florida Governor Ron DeSantis and former biotech executive Vivek Ramaswamy pose together onstage at the third Republican candidates' U.S. presidential debate of the 2024 U.S. presidential campaign hosted by NBC News at the Adrienne Arsht Center for the Performing Arts in Miami, Florida, U.S., November 8, 2023. Mike Segar | Reuters watch now Outstanding student loan debt in the U.S. exceeds $1.6 trillion, and burdens Americans more than credit card or auto loan debt. The average loan balance at graduation has tripled since the 1990s to $30,000 from $10,000. Additionally, about 7% of student loan borrowers are now more than $100,000 in debt. Voters support forgiving at least some student loan debt by a 2-to-1 margin, according to a Politico/Morning Consult poll. Less than a third oppose the policy. Here's what the GOP presidential contenders say about student debt forgiveness. Donald Trump Former U.S. President and Republican presidential candidate Donald Trump campaigns in Mason City, Iowa, U.S. January 5, 2024. Rachel Mummey | Reuters Former President Donald Trump has a long record of opposing debt cancelation. Trump also sided with the Supreme Court in its ruling striking down Biden's plan. "Today, the Supreme Court also ruled that President Biden cannot wipe out hundreds of billions, perhaps trillions of dollars, in student loan debt, which would have been very unfair to the millions and millions of people who paid their debt through hard work and diligence; very unfair," Trump said at a campaign event in June 2023. Ron DeSantis Vivek Ramaswamy In a written statement to CNBC last summer, the tech entrepreneur said America had a bad habit "of paying people to do the exact opposite of what we want them to do: More [dollars] to stay at home than to work, more [dollars] to be a single mother than married, more [dollars] for those who fail to repay loans than those who do." Ramaswamy added that the Supreme Court's ruling to block forgiveness "helps reverse that trend." Nikki Haley The former South Carolina governor and U.S. ambassador to the United Nations under Trump tweeted last June that "a president cannot just wave his hand and eliminate loans for students he favors, while leaving out all those who worked hard to pay back their loans or made other career choices." "The Supreme Court was right to throw out Joe Biden's power grab," Haley wrote. Asa Hutchinson

https://www.cnbc.com/2023/02/12/ram-super-bowl-ad-ev-pickup-sex-drugs.html

AEP

American Electric Power

Electric Ram pickup debuts in Super Bowl ad that pokes fun at rivals, sex-drug commercials

Ram's 2023 Super Bowl ad debuts the production version of the Ram 1500 REV electric pickup that is expected to go on sale in late 2024. DETROIT – Stellantis will air a 60-second Super Bowl ad for its Ram brand to indirectly take shots at the current all-electric vehicle market, specifically pickup trucks. The commercial, called "Premature Electrification," or "PE," spoofs ads for male sex-enhancement drugs. It features electric vehicle owners discussing problems they've had with their trucks – from insufficient range and power to problems charging and other potential issues associated with EVs. "Are you excited about buying an electric vehicle but worry that it could leave you ... unsatisfied?" says the ad's star and narrator Jason Jones, a comedian best known for his work on "The Daily Show with Jon Stewart" and for appearing in comedic Budweiser and Molson ads. "Then you could be one of many Americans concerned about premature electrification." The ad debuts the production version of the Ram 1500 REV electric pickup that is expected to go on sale next year. Online reservations for the electric pickup, which debuted as a concept in January, also open Sunday. The vehicle resembles the concept but also the current Ram pickup, which has a traditional internal combustion engine. Stellantis Chief Marketing Officer Olivier Francois, who has become known for unique and well-received Super Bowl commercials, said the main message is Ram's electric pickup may not be the first to the market, but it's going to be worth waiting for compared to the current offerings. "We have an incredible truck that's electric that can really deliver on what truck people want a truck to do, so 'wait, wait and see' is the meaning of the ad," he told CNBC. "That's our pitch." When the electric Ram arrives to market, it's expected to join an increasingly crowded yet relatively unproven segment that includes the GMC Hummer EV, Rivian R1T, Ford F-150 Lightning and Lordstown Endurance. Others such as the Chevrolet Silverado EV, GMC Sierra Denali and Tesla Cybertruck are expected to be on sale by next year or sooner. "We are on an exciting electrification journey that will see Ram push past the competition in areas customers care about the most: range, payload, towing and charge time," Ram Trucks CEO Mike Koval said in a release.

https://www.cnbc.com/2024/01/04/these-factors-could-lift-dividend-paying-stocks-in-the-first-half-of-2024-barclays-says.html

AEP

American Electric Power

These factors could lift dividend-paying stocks in the first half of 2024, Barclays says

The utilities sector suffered so much in 2023, that it's due for a snapback in the new year, according to Barclays. Utilities, favored by income investors for their steady dividend payments, dropped more than 10% in 2023. The Federal Reserve's rate-hiking regime was a key culprit, as rising interest rates increase refinancing costs for utilities. They also made the stocks' dividend payments less attractive compared to the risk-free yields on Treasurys. But now these stocks are priced to move, according to Barclays analyst Nicholas Campanella. "The backdrop of the sector being one of the worst [Global Industry Classification Standard] performers in '23, along with a declining cost of capital narrative, should allow for utilities to outperform for 1H24," he wrote in a report Tuesday. XLU .SPX 1Y line Utilities Select Sector SPDR Fund vs S & P 500 in past year Campanella's team raised its industry view on utilities to positive from neutral, citing a -19% price to earnings discount to the S & P 500 based on forward P/E multiples. "Outside of disappointing price performance for 2023, we see utilities poised to benefit from similar tailwinds from grid investment opportunities and load growth in 2024, which are maintaining momentum while still adapting to the ever-changing financing and regulatory environment," Campanella said. Key factors Aside from utilities having fallen to an attractive entry point, other factors in the sector's favor include a waning cost of capital as the Fed anticipates three rate cuts in 2024. "Widening interest rates have been a major source of negative EPS revisions for the last 2 years for the group and the potential for stabilization is a noteworthy positive," the analyst said. Barclays also expects electrical demand to rise, driven by data centers, the onshoring of industrial services and opportunities around electric vehicles. Transmission companies, such as American Electric Power and Dominion Energy , are also expected to benefit from higher load outlooks and offshore wind connection, said Campanella. There are still risks hanging over the sector. For instance, state elections could put consumers' bills in focus. Utilities must go through a regulatory process, known as a rate case, to raise prices. "We continue to push investors to screen on breadth of regulatory exposure, preferring jurisdictions which are generally constructive from a return standpoint and with higher median incomes relative to rates and usage," the analyst said. This year's picks This week, Barclays upgraded its rating on Evergy to overweight from equal weight, noting that the company has moved past a key headwind: its recent rate case in Kansas. Evergy reached an agreement with Kansas regulators in November , which will result in a 3.54% rate increase for customers in the eastern third of the state. However, customers in the Kansas City metro area will see a rate decrease of about 4.53%. "The stock currently trades at a ~12% discount to large-cap peers," the analyst said. Evergy pays a dividend yield of 4.8%, but six out of the nine analysts covering the stock rate it a hold, according to LSEG, formerly known as Refinitiv. Barclays is also bullish on PG & E Corporation , naming it a top overweight for 2024 and noting its "recent 70bps [return on equity] adjustment providing higher confidence in 9-10% EPS growth." Roughly 62% of analysts covering PG & E rate it a buy or strong buy, per LSEG. PG & E recently declared a nominal one-cent per share dividend, payable Jan. 15. Duke Energy is another name Barclays favors, naming it a top overweight pick this year. "We still like the stock," Barclays said, pointing to upside to consensus earnings per share as one of the factors behind its call. Duke offers a dividend yield of 4.2%, but 12 out of the 20 analysts following the stock rate it a hold, per LSEG. — CNBC's Michael Bloom contributed reporting.

https://www.cnbc.com/2024/01/04/jim-cramer-reviews-the-worst-performers-on-the-nasdaq-100-in-2023.html

AEP

American Electric Power

Jim Cramer reviews the worst performers on the Nasdaq-100 in 2023

CNBC's Jim Cramer on Thursday gave his take on the worst performers in the Nasdaq-100 in 2023. Cramer compared each company's closing price in 2022 to the end of 2023, noting the biggest losers. The list included healthcare companies as well as several utilities outfits. "You've heard of the Dogs of the Dow? Well, now I want to talk to you about the Gnats of the Nasdaq, the worst performers in the Nasdaq-100 for 2023," Cramer said. "Just like the dogs of the Dow, maybe, just maybe, there are some quality stocks here that are ready to make a comeback."

https://www.cnbc.com/2024/01/04/top-stocks-to-watch-on-wall-street-thursday.html

AEP

American Electric Power

Here are Thursday's biggest analyst calls: Nvidia, Apple, Nike, Home Depot, GM, Wells Fargo, Coinbase and more

Here are the biggest calls on Wall Street on Thursday: Piper Sandler downgrades Apple to neutral from overweight Piper Sandler said in its downgrade of the stock that it's concerned about handset inventories. "We are downgrading AAPL to Neutral given our updated outlook for the broader handset environment in 1H24." Morgan Stanley upgrades Allstate to overweight from equal weight Morgan Stanley said in its upgrade of Allstate that it's underappreciated. "Underappreciated Story in a Favorable Market Environment; Upgrade to Overweight." Roth MKM downgrades Mattel to hold from buy Roth MKM said in its downgrade of the toy company that there's too much excess inventory. "In our view, Mattel finished 2023 with excess inventory on retail shelves which will once again weigh on 1H results." Barclays downgrades Bath & Body Works to equal weight from overweight Barclays said in its downgrade of the stock that it sees top-line concerns. "downgrade BBWI to EW given concerns about driving top line." Bernstein downgrades Analog Devices to market perform from outperform Bernstein downgraded Analog mainly on valuation. "The company likely has a more resilient profile than peers in a potential downside scenario, with a profile that appears closer to bottom, however valuations have markedly expanded and the shares/earnings may need to grow into the multiple." Bernstein names Nike a best idea Bernstein said Nike is one of the firm's top picks for the next six months. "Meanwhile, the multi-year margin story is still intact, and we model ~20% EPS growth over the next 3 years." Bank of America upgrades Tal Education to buy from neutral Bank of America said it sees improving profitability for the China-based education company. "We upgrade TAL from Neutral to Buy. We raise our FY24-26E non-GAAP EPS by 59-381%, largely due to higher assumptions of K-9 non-academic tutoring growth." KeyBanc downgrades Sunrun to sector weight from overweight KeyBanc downgraded the solar company on valuation. "We are downgrading RUN to SW due to a recent valuation rebound." Jefferies upgrades Murphy USA to buy from hold Jefferies said in its upgrade of the gas station company that it's "well positioned for multiple expansion." "After conducting extensive analyses on the c-store industry, we are upgrading MUSA to Buy from Hold and PT to $425 vs. prev: $375." Evercore ISI upgrades Five Below to outperform from in line Evercore ISI said in its upgrade of the stock that it's "defying gravity and delivering growth." "We are upgrading FIVE with rising spend intention from our survey work, sticky remodel boost…" Mizuho upgrades Emerson Electric to buy from hold Mizuho said in its upgrade of the stock that it's a "barbell play." "We upgrade EMR as a barbell play (long/short cycle exposure)." Piper Sandler reiterates Nvidia as overweight Piper Sandler says the stock is still its top large-cap pick. "We continue to favor NVDA in this end market given its competitive position as the premier full-stack compute supplier." TD Cowen downgrades Pfizer to market perform from outperform TD Cowen said in its downgrade of the stock that it has a "lack of conviction" in the outlook. "After a very challenging 2023, much pessimism appears to be reflected in PFE stock." TD Cowen upgrades Merck to outperform from market perform TD Cowen says the stock's valuation is compelling. " MRK offers greater near-term EPS visibility and solid news flow, yet the stock was only an average performer in 2023, and it sells at a below-average PE multiple." Wells Fargo names Home Depot a top pick Wells Fargo says the stock is a top idea in 2024. " HD: Our Top Pick for '24, with growth/recovery levers, margin recapture, and idiosyncratic Pro opportunity." Wells Fargo downgrades Five Below and BJ's to equal weight from overweight Wells Fargo downgraded Five Below and BJ's on Thursday and says it sees earnings risks. "The industry faces an uncertain earnings backdrop in 2024 in our view, and we start the year somewhat below consensus for many of our companies." Deutsche Bank names General Electric and Boeing top picks Deutsche Bank said General Electric and Boeing were its best ideas in 2024. "Our top ideas: BA , GE , and CR are our top three ideas across the broad A & D sector." Oppenheimer downgrades PayPal to market perform from outperform Oppenheimer said in its downgrade of PayPal that it sees profits pressured. "Persistent Profitability Pressure Has Us Downgrading Shares To Perform." JPMorgan upgrades American Express to overweight from neutral JPMorgan said in its upgrade of the stock that it's a "safe haven." " AXP – Upgrade to Overweight (from Neutral) as safe haven from deteriorating household balance sheets." Goldman Sachs upgrades Comerica to buy from neutral Goldman Sachs said in its upgrade of the stock that it sees loan growth returning. "In addition, we are upgrading Comerica to Buy as we see several catalysts for shares over 2024, including: while NII has been under pressure, it should start to inflect as deposit pressure eases and it benefits from eventual fed rate cuts loan growth should return as its optimization finishes and middle market clients start to borrow incrementally." Goldman Sachs names Wells Fargo a top pick Goldman Sachs said it sees market share gains for the banking giant. "We are constructive on WFC on better NII [net interest income], given conservative management assumptions and best-in-class deposit repricing." Wolfe upgrades General Motors to outperform from peer perform Wolfe said in its upgrade of the auto company that it's "warming up to the stock" "We believe that investors underestimate the earnings and cash flow power that GM will generate over the near- to medium-term, and the competitive cost advantages that they are bringing to bear over the medium- to longer-term." Wolfe downgrades Rivian to peer perform from outperform Wolfe said in its downgrade of the stock that it sees product uncertainty. "We continue to believe in RIVN's long-term strategy. And we've been encouraged by their (recently) strong production and cost execution. But for the Street to look further out to the launch of their R2 platform (in 2026), we believe that Investors will need more insight into demand for the company's R1 platform." Mizuho reiterates Coinbase as underperform Mizuho said it's sticking with its underperform rating on the stock. "The potential upside to COIN revenue from Bitcoin ETF may be far less than what the stock indicates." Stifel downgrades Papa John's to sell from hold Stifel said the stock is "overbaked" right now. "We are downgrading shares o f PZZA to Sell from Hold and maintaining our $65 target price." Wells Fargo names Toll Brothers a top pick Wells Fargo says the stock is a top pick in 2024. " TOL is our Top Pick into '24, w/ lower rates presenting opp'ty for offense. But rest of the group can work too, w/ Street ASPs embedding no y/y growth & GMs +100bps y/y." Bank of America upgrades Truist to buy from neutral Bank of America said in its upgrade of the bank that the macro is becoming more "manageable." "We upgrade our rating on Truist Financial (TFC) to Buy from Neutral, raising our PO to $43 implying 17% upside (stock also offers a 5.7% dividend yield)." Wolfe upgrades Verizon to outperform from peer perform Wolfe said in its upgrade of the stock that the multiple looks "more up than down." "At the company level, VZ offers an established deleveraging trend, signs of improving execution, and 67% of revenue in growing businesses." Barclays upgrades Dollar General to overweight from equal weight Barclays says it sees a margin inflection for the stock. " DG (upgrade to OW from EW): We believe that efforts to clean up inventory along with store level investments will support improving sales and potential recovery in margins starting in Q2/3." Barclays upgrades Home Depot to overweight from equal weight Barclays says it likes the stock's exposure to rate cuts. "Other cyclicals may offer more upside, but HD gives us exposure to potential rate cuts, is not over-earning, and really just needs to hit numbers. Our proprietary leading indicators support improving comps through FY24 and into FY25." Piper Sandler upgrades Micron to overweight from neutral Piper Sandler says it sees pricing momentum for shares of Micron. "We believe that on peak earnings, book value could reach highs of $50-$60 per share with the stock trading at a multiple of 2.5-3.0x." Monness Crespi Hardt downgrades Snowflake to sell from neutral Monness said in its downgrade of the stock that it's overvalued. "Benefitting from an overly exuberant tech market in the final quarter of 2023 and riding the coattails of an unprecedented AI hype cycle, Snowflake has rebounded sharply over the past couple of months. In our view, this has left the stock overvalued and vulnerable to selling pressure.

https://www.cnbc.com/2023/06/20/hyundai-to-consider-joining-teslas-north-american-charging-standard-alliance.html

AEP

American Electric Power

Hyundai to consider joining Tesla's North American charging standard alliance

Hyundai Motor will consider making its vehicles more readily compatible with the charging standard Tesla is pushing for in North America, the South Korean automaker's CEO said on Tuesday. Tesla's Superchargers make up about 60% of available U.S. fast chargers and Ford and General Motors have in recent weeks struck deals with Tesla to use its charging technology, now dubbed the North American Charging Standard (NACS). Jaehoon Chang, who is also Hyundai's president, said the company would consider joining the alliance of automakers shifting to Tesla's standard, but that it would have to determine that was in the interest of its customers. One issue, he said, is that Tesla's current network of Superchargers does not allow for the faster charging Hyundai's electric vehicles can achieve on other chargers. "That's what we will look into from the customer's perspective," Chang told analysts at the automaker's investor day. Hyundai's new electric cars, including the Ioniq 5, use an 800-volt electrical architecture to allow for faster charging, while Tesla's Superchargers operate at a lower voltage. Chang said Hyundai would consult with Tesla to see whether it could make adjustments to its charging system for Hyundai customers so they could charge faster. Tesla opening its charging network to electric vehicles from other brands is a condition for the company to qualify for some of the $7.5 billion in subsidies the Biden administration has provided to speed the deployment of chargers in the U.S. The U.S carmaker also stands to profit from selling power to a bigger group of electric vehicle drivers. Tesla shares are up more than 40% since late May when it announced its deal with Ford.

https://www.cnbc.com/2023/10/06/why-superyacht-builders-are-investing-in-solar.html

AEP

American Electric Power

Why superyacht builders are investing in solar

Early tech adopters are investing in a new toy: solar-powered electric yachts. Across the globe superyachts are already a must-have for today's rich and famous. There are some 5,555 of them navigating the world's oceans and seas, according to SuperYacht Times' State of Yachting Report. New buyers are overwhelmingly American, with the report finding that 30% come from North America. While glamorous, the boating industry takes a huge toll on the environment, releasing carbon dioxide, nitrogen oxides and sulfur oxides into our air and waterways. To mitigate the environmental impact, some vessels have started adopting electric power sources. In Sweden, ForSea Ferries converted two 364-foot ferries from diesel engines to battery-powered versions. However, each ferry has 640 batteries that weigh nearly 200 pounds each, significantly increasing the weight of the vessels. In contrast, some companies have implemented solar-powered systems, which could potentially reduce that excessive weight. The market for solar-powered boats is projected by Allied Market Research to grow 14% by 2031 to $2.4 billion. Mike Horn, a professional explorer and adventurer who has traveled to the North Pole on a trimaran sailing vessel, is a proponent of this type of modern shipbuilding. "Electric yachts are the new generation of yachting," he said. "I believe electric yachts and electric motors will be the main propulsion of pleasure yachts and even cargo vessels in the near future." Silent Yachts, based in Austria, and Poland's Sunreef Yachts are two companies leading the development of this new technology. Both companies use a similar technology, in which the solar panels harvest energy from the sun to recharge the battery. The lithium batteries also power onboard necessities like air conditioning and lighting. In the event that the sun isn't strong enough, each vessel has a backup diesel generator that automatically recharges the battery. "When we started building these yachts, many other boat builders told us there is no need for such a yacht," said Silent Yachts CEO and co-founder Michael Köhler. "Everybody knows that it's not a niche anymore. It is the new mass market." Silent Yachts builds yachts from the ground up and often refers to itself as the "Tesla of the seas.'' Köhler, alongside his wife Heiki, founded the company in 2009. Since then, it's delivered nearly 20 fully electric yachts and currently has over 30 in production in its shipyards in Italy and Turkey. The company says it has an order book of 160 million euros ($168 million), with prices ranging from 3.2 million euros for its 60-foot yacht to 30 million euros for the fully equipped version of its 120-foot vessel. "We have the next generation of solar panels coming to the market, the next generation of electric batteries coming to the market, and the next generation of electric motors," said Stephan Kress, chief innovation officer at Silent Yachts. "The advantage, which is already there, of electric yachting will become bigger and bigger." Sunreef has been building yachts for over 20 years and its clients include celebrities like tennis star Rafael Nadal and Formula One driver Fernando Alonso. The company incorporates integrated solar panels into its yachts, which it calls a "unique" feature. "The goal of the solar panel was to be able to integrate them into the whole structure of the boat," said Nicola Lapp, Sunreef co-founder and chief technology officer. "The solar panel on our boat can be located anywhere, even on curved surfaces on the hull side." Sunreef has two shipyards in Gdansk, Poland, and a third in the Emirate of Ras Al Khaimah, where it says it has around 60 yachts in production. It does the majority of its production in-house, including making its own solar panels. "The price range really depends on the customization of the yacht," said Lapp. "The smallest boat is around 1.5 million euros and on the upper range there really is no limit. The most expensive boat that we have sold is around 60 million euros." To date, the company says it has built over 300 yachts, with 30 being fully electric, and half of current production is either electric or a hybrid eco model. An important feature of the new technology, according to both Silent Yachts and Sunreef, is the relative simplicity of its day-to-day maintenance. "They don't have any moving parts," said Kress. "The electric motors, they are maintenance free. The only things that you would need to maintain on the boat are heat exchangers and the backup generator, which is very limited." Nevertheless, the technology does pose challenges for companies looking to adopt it for large commercial vessels like cargo or cruise ships. "We think there is a sweet spot for solar electric boats between 50 and 120 feet," said Kress. "Once you make the boats a lot bigger, the advantage of solar diminishes because you have a limited amount of power." Horn, the explorer, added that electric yachts "do have their place" in the market. "But that alternative energy sources, like hydrogen, would be able to allow our vessel to go further," he said.

https://www.cnbc.com/2022/10/28/how-united-expects-electric-planes-to-change-the-way-passengers-think.html

AEP

American Electric Power

How United Airlines expects electric planes to change the way passengers make travel decisions

United Airlines, the nation's No. 3 carrier, has a contract to buy electric 30-seat planes from startup Heart Aerospace, which Heart said it plans to introduce in 2028. Heart Aerospace One of the hardest things to figure out about cutting greenhouse gas emissions has been what to do about aviation, since most commercial jets are too heavy to fly under electric power with today's technology. But United Airlines is beginning to provide a picture of how electric planes will be part of its future and a key to remaking the way travelers think about aviation as a choice for shorter distance routes. The nation's No. 3 carrier has a contract to buy electric 30-seat planes from startup Heart Aerospace, which Heart said it plans to introduce in 2028. In a twist, United's plan is not to replace big jets, but to focus the new planes on regional service. The airline is also preparing to introduce eVTOL (electric vertical takeoff and landing) craft to do local transport like taking passengers from central cities to airports. The idea is less to shift how fliers behave than to convince small-city residents who now drive on trips of 250 miles or less to take a plane instead, Mike Leskinen, United's vice president of corporate development and president of its United Ventures investing arm, said at the CNBC ESG Impact earlier this month. If it works, it opens up a new market for carriers like United, especially outside major metropolitan areas. "There's absolutely a lot of hurdles to clear but aerospace development cycles are measured in decades and you have to get started now," Leskinen said. "We cannot continue doing and operating our business the way we do. It is imperative that we change it and the way we're going to change it is through investing in technology." As electric cars and SUVs move toward 5% of the new-car market in the U.S. and 9% globally, few airlines have made any major push toward electric planes. Sustainability plans being pursued by American Airlines , Delta Air Lines and Southwest Airlines barely mention electric planes. Engineers can't make an electric battery light and powerful enough to serve a plane the size of today's jets, said Eliot Lees, vice president and aviation analyst at consulting firm ICF in Cambridge, Massachusetts. The United plan is based on the idea that less than 1% of travelers making a 250-mile trip choose to fly. "It used to be different," said Anders Forslund, CEO of Gothenburg, Sweden-based Heart Aerospace, which has a contract to supply United with 100 30-seat electric planes. "Go back to the 1990s, there were hundreds of small aircraft serving a lot of communities that have now lost service." United and Air Canada have also bought stakes in Heart Aerospace. Why small city plane travel stopped People in smaller towns stopped flying because jet engines made for planes were too expensive to serve those communities profitably, Forslund said. "It's a remarkable technology but it's holding us back now," he said. "When you bring in an electric motor … you can get a lot of synergies with what's happening in the automotive industry. They can start building small planes that have completely different unit economics." Travelers will be unlikely to see any major difference in the interior of an electric-powered plane, Leskinen said. And the ability to change planes in as little as 30 minutes will mean planes can be in use 10 or 11 hours per day, allowing for flexible schedules. "What that means is that a small city is going to either get service they didn't have, that they had to drive to a [bigger] airport, or they're going to have greater frequency of service," Leskinen said at the CNBC event. "That's going to allow that customer from that small town to make a trip in and out on the same day, whereas before you couldn't do that with traditional jet powered aircraft." And the United Airlines executive predicts that these electric plans will be cheaper for the airline than traditional jet engines within a decade. "As we adopt electric aircraft, I think the cost for a 30-seat aircraft, 50-seat aircraft as the industry evolves is going to be lower cost than a traditional aircraft." Other airline climate change plans Most airlines' push to lower emissions has focused on plans to remake their existing fleet by replacing older planes with more efficient newer models. In addition, airlines, including United, are focused on investments in sustainable aviation fuel startups. The U.S. Energy Dept. says sustainable airline fuels, or SAF, emit "dramatically lower" carbon levels, but not zero, and says some SAF technologies under development could lead to negative net greenhouse gas emissions. Delta's announced goal is to replace 10% of fuel with SAF by 2030. It has partnered with Airbus to study hydrogen-fueled aircraft but considers SAF its primary medium-term means to reduce emissions with new technology. "We have a multi pronged strategy of things we can do today, things we can do tomorrow like investing in SAF, and investing in the future," Fletcher said in an interview. "All of them have to start now." American is also pointing toward cutting emissions via moving toward sustainable fuels, according to its annual report on environmental, social and governance management. It plans to switch 10% of its fuel to SAFs by 2030, as part of a plan to reduce emissions 45% by then and to reach net zero emissions by 2050. Even SAFs are not really there yet, due to a severe capacity crunch the industry is scrambling to fix in time for 2030, he said. The industry has been given an economic boost by the passage of President Biden's climate legislation, which is seen as key to providing the financial incentives needed to scale these new operations. The Inflation Reduction Act Congress passed in August with several provisions targeting aviation. One is a blenders' tax credit of $1 a gallon for biofuels designed to give incentives to build SAF plants faster, and longer-term initiatives to accelerate technologies including hydrogen-powered aircraft and point-source capture of carbon dioxide to create new green fuels, Leskinen said. watch now "We have a portfolio pipeline of sustainable aviation projects at United that's 177 companies deep, and we were pencils down on a number of those because without this legislation the hurdles were just too [high] to develop this technology,'' he said. "There are literally dozens of companies that wouldn't have worked that are now viable startups that you'll hear about United Airlines and United Ventures investing in in the coming months." Early versions of SAF technology will use lipids to blend with conventional jet fuel, while Fletcher says later versions will rely on carbon capture technology that will actually make net emissions from some planes negative. ICF projects that 70% of the cuts in airline emissions by 2050 will come from switching to SAFs, while only 10% will come from adopting electric (or hydrogen-powered) planes. The other 20% will likely come from scheduling improvements and planes that get better fuel mileage, Lees said. Electric planes have already slipped behind the most aggressive promises for when they might be government-approved and ready for service, and more delays are likely, Lees said. Most likely, electric planes will serve small markets, hydrogen-powered planes will serve medium-sized passenger loads, and SAF-powered jet engines will serve major cities. "Everyone is optimistic about these aircraft," Lees said. "The [companies that make them] are especially optimistic about when." watch now American, which declined comment, has invested in London-based eVTOL company Vertical Aerospace . The company's ESG report says the four-passenger eVTOLs it expects to deploy can transport passengers between cities at up to 200 miles per hour. This can alone can be a $12 billion market by 2030, said Chris Raite, airline analyst at research firm Third Bridge Group in New York, but regulatory hurdles and supply chain issues make predictions that the technology will become common as early as 2024 unreliable. "Our experts are very optimistic, but less optimistic about the aggressive time frames that are being marketed," he said. Just this month, Delta Air Lines invested in Joby Aviation . United is also investing in eVTOL: most recently, a $15 million order with Eve Air Mobility in September including an order for 200 aircraft; and a $10 million investment in Archer Aviation and order for 100 Archer eVTOLs. But United thinks that the impact on flying from that technology will be smaller, though it could allow for a trip from a major metropolitan area to a small city within the region to be entirely carbon free. "eVTOL is going to change the way we live and work," Leskinen said. "It's not taking planes out of the sky, though. It's taking cars off of the road. It's going to allow us, if you live in Manhattan, to get out to the airport with predictability of seven, seven and a half minutes out to Newark. Maybe if you're flying a regional flight, maybe you get on a Heart ES-30 aircraft and your entire trip will have been carbon free." How practical that is depends on both technology development and regulators, plus the rapid buildout of places for eVTOL to take off and land in cities, Raite said. The target is to make eVTOL available for about the cost of a premium Uber Black car service ride, but that may require development and approval of pilotless eVTOL craft.

https://www.cnbc.com/select/amex-centurion-new-york-opening/

AXP

American Express

American Express is opening an exclusive club in midtown Manhattan for its its biggest spenders

Subscribe to the Select Newsletter! Our best selections in your inbox. Shopping recommendations that help upgrade your life, delivered weekly. Sign up here. Centurion New York details Centurion New York will open in March and will be located on the 55th floor of the 93-story One Vanderbilt building, located next to Grand Central Terminal. It will take up the entire floor and span over 26,000 square feet. While American Express has been fairly tight-lipped about the space, it teased casual and fine-dining experiences curated by Michelin-starred chef and restaurateur Daniel Boulud, as well as a bar with signature cocktails and a tastefully appointed salon for guests to unwind in. In addition, Amex will offer private rooms and host special events exclusively for invite-only Centurion cardholders. In other words, Centurion New York is expected to be more akin to a private members club or speakeasy, if you will, than a transient space. This isn't the card issuer's first foray into Centurion experiences located outside of airports. In September 2022, Amex opened the Centurion Haus Singapore — a secret lounge hidden within the iconic Raffles Hotel Singapore — which is only open to Centurion cardholders. It also offers a designated Centurion Lounge at the historic 1881 House in Hong Kong. Again, Amex hasn't publicly announced who will have access to Centurion New York once it's open, but if the Singapore and Hong Kong lounges are any indications, access may also be geared toward Centurion cardholders. While Amex also offers Platinum House, a series of pop-up lounges open to members with The Platinum Card® from American Express, those are only temporary activations tied to various upscale cultural events. What is the Amex Centurion Card? The Platinum Card® from American Express Learn More On the American Express secure site Rewards Earn 5X Membership Rewards® Points for flights booked directly with airlines or with American Express Travel up to $500,000 on these purchases per calendar year, 5X Membership Rewards® Points on prepaid hotels booked with American Express Travel, 1X points on all other eligible purchases Welcome bonus Earn 80,000 Membership Rewards® Points after you spend $8,000 on purchases on your new Card in your first 6 months of Card Membership. Apply and select your preferred metal Card design: classic Platinum Card®, Platinum x Kehinde Wiley, or Platinum x Julie Mehretu. Annual fee $695 Intro APR None Regular APR See Pay Over Time APR Balance transfer fee N/A Foreign transaction fee None Credit Needed Excellent/Good See rates and fees, terms apply. Read our The Platinum Card® from American Express review. Bottom line American Express is opening a Centurion-branded experience in the heart of New York City in March. Although access rules are still unknown, this is expected to be an exclusive space with luxurious amenities, resembling a high-end social club. Catch up on Select's in-depth coverage of personal finance, tech and tools, wellness and more, and follow us on Facebook, Instagram and Twitter to stay up to date. For rates and fees of Centurion® Card from American Express, click here. For rates and fees of The Platinum Card® from American Express, click here. Information about the Centurion® Card from American Express. has been collected independently by Select and has not been reviewed or provided by the issuer of the card prior to publication. Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.

https://www.cnbc.com/select/american-express-cardholders-free-drinks-panera-bread/

AXP

American Express

American Express Cardholders Get Free Drinks at Panera Bread

The offer mentioned below is no longer available. Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more. Thanks to a renewed partnership with Panera Bread, American Express cardholders again have the opportunity to score free beverages at the popular chain restaurant, which has more than 2,100 locations across the U.S. and is known for its bakery items, sandwiches and soups. Now through Dec. 31, 2022, American Express cardholders who register for this offer will receive a complimentary four-month subscription to Panera's Unlimited Sip Club, which offers unlimited coffee, tea, lemonade and other drinks for $11.99 per month. Below, Select takes a closer look at the promotion and how American Express cardholders can take advantage of it. Subscribe to the Select Newsletter! Our best selections in your inbox. Shopping recommendations that help upgrade your life, delivered weekly. Sign-up here. Who is eligible and how to sign up To qualify for this promotion, you must be a current American Express cardholder and located in the United States. You must also be a member of the restaurant's loyalty program, MyPanera (which is free to join), and over the age of 18. Those who are already members of Panera's Unlimited Sip Club are not eligible. Note that having any U.S. American Express card counts makes you eligible for this offer, whether it's a premium card like The Platinum Card® from American Express or a no-annual-fee credit card like The Blue Cash Everyday® Card from American Express (see rates and fees). To redeem the offer online, follow these steps to sign up before Dec. 31, 2022: Redeem the offer through this link Login on the American Express website to confirm your account Make sure you have a MyPanera account and sign up for a Panera Unlimited Sip Club subscription through Panera Bread's website Once your sign-up is complete, the complimentary four-month trial will begin. When that ends, you'll automatically be charged the current rate ($11.99 plus tax per month at the time of publication) for a subscription unless you choose to cancel it sooner. Those who are not American Express cardholders can still score free access to Panera's Unlimited Sip Club through a different promotion. New subscribers who sign up for a membership by Nov. 9, 2022, get their first month free, with the option of canceling the subscription at any time before being charged the regular monthly rate. Panera Unlimited Sip Club benefits Unlimited Sip Club subscribers have access to a variety of free drinks, including drip hot coffee, iced and hot tea and coffee, fountain soda beverages, hot tea, bubbler drinks, and Charged Lemonades — and can get one for free once every two hours, as well as enjoy unlimited refills while you're in a Panera Bread location. Even better, you can order any size. Note that this offer does exclude other beverages such as smoothies, bottled drinks, cold brew iced coffee, espresso and cappuccino beverages and frozen blended beverages, as well as beverage enhancements such as espresso and syrups including Madagascar vanilla, caramel, cinnamon and bittersweet chocolate. Bottom line If you live near a Panera Bread location, have an American Express card, and haven't already joined Panera's Unlimited Sip Club, this offer provides an easy way to score some free beverages this fall — just make sure you've signed up for it before December 31, 2022. To avoid being charged at the end of the fourth-month subscription, set a reminder in your calendar to cancel before the trial period is up. There are also a number of subscription trackers like Rocket Money and Trim that make it easy to keep tabs on your subscriptions. Catch up on Select's in-depth coverage of personal finance, tech and tools, wellness and more, and follow us on Facebook, Instagram and Twitter to stay up to date. For rates and fees for The Blue Cash Everyday® Card from American Express, click here. For rates and fees of The Platinum Card® from American Express, click here. Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.

https://www.cnbc.com/select/american-express-partnering-with-tiktok-small-business-saturday/

AXP

American Express

American Express is partnering with TikTok to help small businesses reach Gen Z shoppers — here's what business owners should know

Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more. To reach Gen Z, businesses have had to get creative with social media platforms, like TikTok. According to the 2022 Shop Small® Impact Study from American Express, 72% of small business owners said their customers rely on social media channels for store news, and almost 88% said it has helped them find their new customers. So to help businesses reach the next generation of consumers, American Express is partnering with TikTok ahead of Small Business Saturday, a global movement founded by American Express in 2010. Small Business Saturday is dedicated to supporting local businesses that create job opportunities, stimulate the economy and make neighborhoods better around the country. It's always held on the Saturday after Thanksgiving, which this year will be November 26. Subscribe to the Select Newsletter! Our best selections in your inbox. Shopping recommendations that help upgrade your life, delivered weekly. Sign-up here. Amex's partnership with TikTok TikTok has become a go-to platform for finding new businesses with 77% of people on the app saying that TikTok is likely to give them gift ideas this year. The partnership involves American Express and TikTok working together to launch the #ShopSmall Accelerator to help small businesses grow. The Accelerator is a video toolkit that provides best practices and resources for small businesses so they can reach Gen Z and Millennial shoppers on TikTok. The product will also help businesses tell their stories authentically and stand out in the impending holiday shopping season. TikTok will also offer eligible small businesses a $100 ad credit to use on the app after they spend $50 on their first TikTok Ads campaign. The social media platform and credit card issuer are also getting some social media creators involved. Included in the project are Anna Sitar, Brandon Blackwood and Sofia Bella. Other resources available to small businesses American Express is also kicking off a new initiative this year. As the first introduction of a Kabbage Funding reward as part of Small Business Saturday, there will be a Kabbage Funding from American Express offer, which includes a $250 incentive from Nov. 14, 2022 to Feb. 28, 2023. The offer will be available for new Kabbage Funding customers that apply and get approved for a Kabbage funding line of credit during the specified promotional period. Businesses do not need to have an American Express card to take advantage of this offer. Other Shop Small resources available to business owners include the Shop Small Studio, which provides templates to create customized marketing materials, and ByBlack, which is a platform designed specifically to support and bolster Black-owned businesses. American Express business cards While businesses partake in the upcoming festivities, they might find it wise to use an American Express business card so they can earn rewards for any business-related expenses they might incur they need to make anyway. With the American Express® Business Gold Card, you can earn 70,000 Membership Rewards® points after you spend $10,000 on eligible purchases with the Business Gold Card within the first three months of membership. You'll also earn 4X Membership Rewards® points on the 2 categories where your business spends the most each billing cycle from 6 eligible categories. While your top 2 categories may change, you will earn 4X points on the first $150,000 in combined purchases from these categories each calendar year (then 1X thereafter). Only the top 2 categories each billing cycle will count towards the $150,000 cap. American Express® Business Gold Card Learn More On the American Express secure site Rewards Earn 4X Membership Rewards® points on the 2 categories where your business spends the most each billing cycle from 6 eligible categories. While your top 2 categories may change, you will earn 4X points on the first $150,000 in combined purchases from these categories each calendar year (then 1X thereafter). Only the top 2 categories each billing cycle will count towards the $150,000 cap. 3X Membership Rewards® points on flights and prepaid hotels booked on amextravel.com using your Business Gold Card. Welcome bonus Earn 70,000 Membership Rewards points after you spend $10,000 on eligible purchases within the first three months of card membership Annual fee $375 Intro APR Not applicable Regular APR 19.49% - 28.49% variable Balance transfer fee N/A Foreign transaction fee None Credit needed Excellent See rates and fees, terms apply. The Business Platinum Card® from American Express Learn More On the American Express secure site Rewards Earn 5X Membership Rewards® points on flights and prepaid hotels on AmexTravel.com and 1X points for each dollar you spend on eligible purchases. Also, earn 1.5X points (that's an extra half point per dollar) on each eligible purchases at US construction material, hardware suppliers, electronic goods retailers and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more everywhere else, on up to $2 million of these purchases per calendar year. Welcome bonus Earn 120,000 Membership Rewards® points after you spend $15,000 on eligible purchases within the first 3 months of card membership Annual fee $695 Intro APR N/A Regular APR 19.49% - 28.49% variable Balance transfer fee N/A Foreign transaction fee None Credit needed Excellent/Good See rates and fees, terms apply. The Blue Business® Plus Credit Card from American Express Learn More On the American Express secure site Rewards Earn 2X Membership Rewards® points on everyday business purchases up to $50,000 per year, then 1X point per dollar Welcome bonus Earn 15,000 Membership Rewards® points after you spend $3,000 in eligible purchases on the Card within your first 3 months of Card Membership. Annual fee $0 Intro APR 0% for 12 months on purchases from date of account opening Regular APR 18.49% - 26.49% variable; APRs will not exceed 29.99% Balance transfer fee N/A Foreign transaction fee 2.7% Credit needed Excellent See rates and fees, terms apply. And if you're a non-business Amex cardholder, there could be something special in store for you as well. Although not announced yet, in previous years, American Express has given cardholders up to $50 back in statement credits to shop small businesses, so be on the lookout for that offer in case the issuer offers if again. Bottom line With inflation putting more financial pressure on small businesses, finding ways to shop small is important. One way American Express hopes to help small businesses this Small Business Saturday is through its partnership with TikTok, which will include cash incentives and a toolkit to help businesses market themselves effectively. For rates and fees of the Business Platinum Card® from American Express, click here. For rates and fees of the Blue Business® Plus Credit Card from American Express, click here. For rates and fees of the American Express® Business Gold Card, click here. Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.

https://www.cnbc.com/select/can-pay-mortgage-credit-card/

AXP

American Express

Can I pay my mortgage with a credit card?

Compare offers to find the best mortgage How to pay a mortgage with a credit card Lenders don't typically accept mortgage payments by credit card because they would have to pay a credit card transaction fee, which can be as high as 3.5%. You'd also be paying a secured debt with an unsecured debt, possibly with a higher interest rate. There are ways to indirectly use your card to pay your mortgage, however. Third-party payment platform Some vendors will make a payment to a lender on your behalf. Plastiq, for example, charges a 2.9% fee and the funds can be sent via cash, check or bank transfer. Plastiq will only process mortgage payments for cards on the Mastercard and Discover network, however, not Visa or American Express. Check with your issuer about any additional restrictions and to see if transactions are processed as purchases or cash advances. Cash advance If your card has a cash advance option, you could use it to pay your mortgage. There is typically a service fee for a cash withdrawal, however, and most card issuers start charging interest as soon as the advance posts on your account, rather than at the end of the billing cycle. The annual percentage rate (APR) on cash advances is considerably higher than on regular purchases: The APR on regular purchases on a Capital One Venture Rewards Credit Card (see rates and fees), for example, is 19.99% to 29.99% variable (see rates and fees). The rate on cash advances, though, is 29.99% variable (see rates and fees). Capital One Venture Rewards Credit Card Learn More Rewards 5 Miles per dollar on hotel and rental cars booked through Capital One Travel, 2X miles per dollar on every other purchase Welcome bonus Earn 75,000 bonus miles once you spend $4,000 on purchases within 3 months from account opening Annual fee $95 Intro APR N/A for purchases and balance transfers Regular APR 19.99% - 29.99% variable Balance transfer fee $0 at the Transfer APR, 4% of the amount of each transferred balance that posts to your account at a promotional APR that Capital One may offer to you Foreign transaction fee None Credit needed Excellent/Good See rates and fees, terms apply. A cash advance on the Venture card also comes with a service fee of 3% or $10 (whichever is greater; see rates and fees) and cash advances are not generally included in 0% APR introductory periods or rewards programs. Balance transfer check Some card issuers provide account holders with paper checks linked to their account that can be used to buy items, get cash or pay someone for services. Fees for these checks can range from 2% to 5% and transfer checks typically have a higher interest rate than purchases. If you're approved for a Chase Freedom Flex℠, you may receive balance transfer checks that can be made out to your mortgage provider. The fee for a balance transfer made within 60 days of opening a Freedom Flex card is $5 or 3%, whichever is more. (After the intro period, it goes up to $5 or 5%, whichever is higher.) In addition, Freedom Flex cardholders may qualify for a 0% intro APR on purchases and balance transfers for the first 15 months from account opening. After that, the base APR ranges from 20.49% to 29.24% variable. Chase Freedom Flex℠ Rewards 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate (then 1%), 5% cash back on travel booked through the Chase Ultimate Rewards®, 3% on drugstore purchases and on dining (including takeout and eligible delivery services), 1% cash back on all other purchases Welcome bonus Earn a $200 bonus after you spend $500 on purchases in the first 3 months from account opening. Annual fee $0 Intro APR 0% for the first 15 months from account opening on purchases and balance transfers Regular APR 20.49% - 29.24% variable Balance transfer fee Intro fee of either $5 or 3% of the amount of each transfer, whichever is greater, on transfers made within 60 days of account opening. After that, either $5 or 5% of the amount of each transfer, whichever is greater. Foreign transaction fee 3% Credit needed Excellent/Good Member FDIC. Terms apply. Information about the Chase Freedom Flex℠ has been collected independently by Select and has not been reviewed or provided by the issuer of the card prior to publication. Read our Chase Freedom Flex℠ review. Rocket Visa Signature Card You can't pay your monthly mortgage bill with a Rocket Visa Signature Card. But, if your home loan is with Rocket Mortgage, you can put the points you earn through purchases toward your principal. Cardholders earn 5 points for every dollar spent and points can also be redeemed as a statement credit or be put toward a down payment or closing costs on a future Rocket Mortgage loan. Rocket Visa Signature Card Learn More On Rocket's secure site Rewards 5 points on all purchases Welcome bonus $200 statement credit when you spend $3,000 in the first 90 days of being approved Annual fee $95 (waived Rocket Mortgage serviced clients) Intro APR None Regular APR 20.99% to 30.99% variable Balance transfer fee N/A Foreign transaction fee None Credit needed Not specified Terms apply. Benefits of paying your mortgage with a credit card There are upsides to using a card, though financial advisors suggest only doing it if you have the money to cover the payment on time and in full. Welcome bonus or rewards Since housing typically makes up the largest chunk of Americans' monthly expenses, charging your mortgage can help you get the most out of your card's rewards program. If you're hoping to take advantage of a welcome bonus, though, you'll have to get approved for a new card and use it within a limited window. The Capital One Quicksilver Cash Rewards Credit Card (see rates and fees) has a welcome bonus of $200 when you spend $500 within the first three months from account opening. If your mortgage payment is $1,500, you'd make more than $150 after paying Plastiq's 2.9% service fee. You'd also get 1.5% cash back, or $22.50, as part of the card's rewards program. Capital One Quicksilver Cash Rewards Credit Card Learn More Rewards Enjoy up to 6 months of complimentary Uber One membership statement credits through 11/14/2024, 1.5% cash back on every purchase Welcome bonus Earn a one-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening Annual fee $0 Intro APR 0% intro APR for 15 months on purchases and balance transfers Regular APR 29.99% variable Balance transfer fee 3% for the first 15 months; 4% at a promotional APR that Capital One may offer you at any other time Foreign transaction fee None Credit needed Excellent/Good See rates and fees. Terms apply. Read our Capital One Quicksilver Cash Rewards Credit Card review. 0% introductory APR With the Discover it® Miles card, you can earn an unlimited 1.5x miles per dollar on every purchase. It's one of the most flexible travel cards on the market, allowing users to book flights on any airline or stay at any hotel. As a welcome bonus for new members, Discover will match all the miles you earn at the end of your first year. If your mortgage payment is $1,500 a month ($18,000 a year), you'd earn 54,000 miles, worth about $540. Discover it® Miles Learn More On Discover's secure site Rewards Automatically earn unlimited 1.5x Miles on every dollar of every purchase. Welcome bonus Discover will match all the Miles earned for all new cardmembers at the end of your first year. Annual fee $0 Intro APR 0% Intro APR for 15 months on purchases. Regular APR 17.24% to 28.24% Variable Balance transfer fee 3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)* Foreign transaction fee None Credit needed Good / Excellent *See rates and fees, terms apply. Read our Discover it® Miles review. The fee from Plastiq would be about $522, so you'd net a modest $18. But the card also comes with a 0% intro APR for 15 months on purchases (17.24% to 28.24% variable APR afterward). That could give you some flexibility with making payments. Just be sure to pay off the total before the intro period expires or you'll be paying a much higher interest rate than your mortgage has. Risks of using a credit card to pay your mortgage There are fees associated with using a card to cover your mortgage payment, especially if you don't pay the balance in full by the end of the billing cycle. Interest and transaction fees If you carry a balance, the interest could wipe out any gain from your card's rewards program. Even if you pay in full before the end of the billing cycle, there's still the service fee from Plastiq. The Capital One Savor Cash Rewards Credit Card comes with a $300 welcome bonus if you spend $3,000 within three months of account opening. The fee for a $1,000 mortgage payment on Plastiq would be $29 (2.9% of $1,000), leaving you with a tidy sum of $271. Capital One Savor Cash Rewards Credit Card Learn More Information about the Capital One Savor Cash Rewards Credit Card has been collected independently by Select and has not been reviewed or provided by the issuer of the card prior to publication. Rewards 4% cash back on dining and entertainment, 4% on eligible streaming services, 3% at grocery stores and 1% on all other purchases Welcome bonus Earn a one-time $300 cash bonus once you spend $3,000 on purchases within the first three months from account opening Annual fee $95 Intro APR None Regular APR 19.99% - 29.99% variable Balance transfer fee 4% for promotional APR offers; none for balances transferred at regular APR Foreign transaction fee None Credit needed Excellent/Good Terms apply. The APR on purchases for the Capital One Savor card starts at 19.99%, though, so if you don't make a full payment right away you'll wind up in the red pretty quickly. In addition, the payment to Plastiq isn't eligible for Savor's top cash-back categories — which include 5% cash back on hotels booked through Capital One Travel, 4% cash back on dining and 3% cash back on groceries. Impact on credit score and credit utilization ratio On-time payments are the largest factor in determining your FICO credit score. So you could seriously damage your credit if you don't pay the credit card bill by the due date. Even if you do pay it on time, your credit utilization ratio could take a temporary hit. Because issuers can be slow to report to the credit bureaus, there tends to be a lag between your current card balance and the balance on your credit report, according to Experian. FAQ Can I use a credit card to pay my mortgage? While most mortgage lenders don't accept credit card payments, you may be able to charge the amount to a third-party company like Plastiq, which will send it in the form of cash, check or bank transfer for a fee. Can I earn points by paying my mortgage with a credit card? You can accrue points and other rewards by charging your monthly home payment to a third-party payment platform. Be sure, however, that the cash value of any benefits outweighs the fees and interest you could pay. Cash advances and balance transfers don't earn rewards. Can I get Bilt Rewards on my mortgage? Currently, the Bilt Mastercard (see rates and fees) can only be used to pay rent. The company indicated in January 2024 that it is looking into adding mortgage payments to its offerings. Subscribe to the CNBC Select Newsletter! Money matters — so make the most of it. Get expert tips, strategies, news and everything else you need to maximize your money, right to your inbox. Sign up here. Bottom line Since lenders typically don't accept credit cards, you can usually only make a mortgage payment on your card via a third-party platform. Paying one debt by adding to another is a risky maneuver, however, and you should only consider it if you can afford to cover the payment in full. Even then, be sure the cash value of any credit card rewards outweighs the fees and interest you might accrue. Why trust CNBC Select? At CNBC Select, our mission is to provide our readers with high-quality service journalism and comprehensive consumer advice so they can make informed decisions with their money. Every credit card article is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of credit card products. While CNBC Select earns a commission from affiliate partners on many offers and links, we create all our content without input from our commercial team or any outside third parties, and we pride ourselves on our journalistic standards and ethics. Catch up on CNBC Select's in-depth coverage of credit cards, banking and money, and follow us on TikTok, Facebook, Instagram and Twitter to stay up to date. For rates and fees of the Discover it® Miles, click here. Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.

https://www.cnbc.com/select/hilton-honors-american-express-overhaul/

AXP

American Express

Overhauled Amex Hilton Business card — Up to $240 in statement credits, increased annual fee, lounge access ending and more

Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more. Following changes to the consumer American Express Hilton cards, the Hilton Honors American Express Business Card is also being overhauled. Starting today, new and existing cardholders gain access to statement credits, revamped reward rates and rental car status. Some other changes include the annual fee increasing from $95 to $195 (see rates and fees) and the sunsetting of several valuable benefits, including the card's airport lounge access, the ability to earn free night awards and its 6X bonus-point categories. Below, CNBC Select has the details on the changes and what they mean for you. Hilton Honors American Express Business Card changes The Hilton Honors American Express Business Card Learn More On the American Express secure site Rewards Earn 12X Hilton Honors Bonus Points on eligible Hilton purchases, earn 5X Hilton Honors Bonus Points on other purchases made using the Hilton Honors Business Card on the first $100,000 in purchases each calendar year, 3X points thereafter. Welcome bonus Limited Time Offer: Earn 175,000 Hilton Honors Bonus Points after you spend $8,000 in purchases on the Hilton Honors Business Card within the first six months of Card Membership. Offer Ends 6/5. Annual fee $195 Intro APR None Regular APR 20.99% - 29.99% variable Balance transfer fee N/A Foreign transaction fee None Credit needed Excellent/Good See rates and fees, terms apply. Pros Airport lounge access Comes with Hilton Gold status and an opportunity to earn Hilton Diamond status Cons Limited flexibility with the points you earn Learn More View More Annual fee The Amex Hilton Business Card's annual fee is increasing by $100, from $95 to $195 (see rates and fees). The increased fee goes into effect today for new applicants, however, it won't apply to existing cardholders until their first anniversary date that's on or after July 1, 2024. Increased welcome bonus Now through June 5, 2024, new card members can earn 175,000 Hilton points (an increase of 45,000 points over the previous welcome bonus) after spending $8,000 in eligible purchases on the card during the first six months after opening the account. Experts generally value Hilton points at 0.6 cents per point, which makes this bonus worth more than $1,000 in Hilton stays. With 175,000 Hilton points, you can book a variety of push hotels such as the Waldorf Astoria Beverly Hills, which typically costs 120,000 Hilton points or $1,000 a night. New benefits Hilton Business Card members will receive a handful of new features. Starting today, you'll have access to: 5X Hilton points on the first $100,000 in purchases per calendar year (then 3X points) outside of the card's other bonus categories The ability to earn up to $240 back each year for eligible Hilton purchases (up to $60 back per quarter) Free National Emerald Club Executive status, which gives you benefits such as free rental days and priority service (enrollment required) Benefits that are ending or changing With these changes, the Hilton Business Card will lose its Priority Pass airport lounge benefit 6X bonus earning categories. Cardholders will also no longer earn Free Night Rewards with the card. Lounge access end dates Here's how the 10 free Priority Pass lounge visits benefit will be phased out for existing cardholders: If you enrolled in Priority Pass on or before June 30, 2023, your membership will expire on July 1, 2024. If you enrolled in Priority Pass between July 1, 2023, and June 30, 2024, your membership will expire on April 1, 2025. These dates allow current cardmembers to make the most of their airport lounge access before that feature disappears. Free night awards end date Before these changes, you could earn up to two Free Night Rewards each year with the Hilton Business card, but it took a lot of annual spending. You had to drop $15,000 in a calendar year to earn the first free night and $60,000 in total in the same year to earn the second free night. After June 30, 2024, this option is going away. But any eligible purchases you make with your Hilton Business Card before that date will qualify toward earning the Free Night Rewards. If you spend $15,000 on your card on or before June 30, 2024, you'll earn a free night and if you spend an additional $45,000 on the card ($60,000 in total) before the same date, you'll receive a second free night. 6X bonus categories end date Previously, the Hilton Business Card earned 6X points on purchases at: U.S restaurants Airfare booked directly with an airline or through American Express Travel Rental cars booked directly from select car rental companies U.S. gas stations U.S. shipping services U.S. wireless telephone services New cardholders will not earn 6X points in these categories, but existing cardholders will continue to earn at that rate through June 30, 2024. After that date, these purchases will earn 5X points on the first $100,000 (then 3X points) in purchases per calendar year. Benefits that will stay the same Hilton Business Card holders will continue to receive these benefits and perks: Complimentary Hilton Gold status Hilton Diamond status after spending $40,000 on your card in a calendar year 12X points on purchases directly with hotels and resorts in the Hilton portfolio Extended warranty coverage* Purchase protection* Baggage insurance* Rental car loss and damage insurance (secondary)* No foreign transaction fees (see rates and fees) *Eligibility and Benefit level varies by Card. Terms, Conditions and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company. What this means for you The Hilton Business Card's overhaul is significant, some cardholders will see this as a small win and for others it's a big loss. Who benefits the most Travelers who stay at Hilton properties multiple times a year might find that the new $240 in Hilton statement credits more than offsets the increased $195 annual fee (see rates and fees). But that's only if they time their trips in a certain way — you can only earn $60 per financial quarter, so you'd need to stay with Hilton at least four times a year (with each booking spread out to once every three months) to get the full $240 statement credit. If you book two stays a year (with at least 3 months between each trip), you'd earn $120 in statement credits, effectively lowering the card's annual fee to $75 (which is less expensive than the pre-overhaul $95 fee). Cardholders who didn't spend much in the card's 6X bonus categories might also earn more rewards now that all spending (outside of those made directly with hotels and resorts in the Hilton portfolio) will earn 5X on the first $100,000 of purchases each calendar year (then 3X). Before the overhaul, cardholders would only earn 3X points on popular categories such as groceries. Who might lose some value If you have this card for airport lounge access, you'll likely want to consider an alternative since the Priority Pass benefit is vanishing. In addition, anyone who spent heavily on this card will miss the opportunity to earn Free Night Rewards. Before the overhaul, you had to spend $60,000 each year on the card to earn two free night awards but with those awards you could book nearly any Hilton hotel or resort, even if it cost $500 or $1,000 a night. By taking away the ability to earn Free Night Rewards, Amex is also removing one incentive to rack up a lot of spending on the Hilton Business Card. Alternative cards to consider The Business Platinum Card® from American Express Learn More On the American Express secure site Rewards Earn 5X Membership Rewards® points on flights and prepaid hotels on AmexTravel.com and 1X points for each dollar you spend on eligible purchases. Also, earn 1.5X points (that's an extra half point per dollar) on each eligible purchases at US construction material, hardware suppliers, electronic goods retailers and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more everywhere else, on up to $2 million of these purchases per calendar year. Welcome bonus Earn 120,000 Membership Rewards® points after you spend $15,000 on eligible purchases within the first 3 months of card membership Annual fee $695 Intro APR N/A Regular APR 19.49% - 28.49% variable Balance transfer fee N/A Foreign transaction fee None Credit needed Excellent/Good See rates and fees, terms apply. The Ink Business Preferred® Credit Card doesn't have any Hilton perks, but it can still work for business owners who want to book hotels with points. You can use the Chase Ultimate Rewards® points you earn with the Ink Business Preferred to book travel through the Chase travel portal at 1.25 cents per point. With the card's bonus, you could book $1,250 in Hilton stays. Plus, you can transfer those points at a 1:1 ratio to Marriott, IHG and Hyatt. Ink Business Preferred® Credit Card Learn More On Chase's secure site Rewards Earn 3X points per $1 on the first $150,000 spent in combined purchases in select categories each account anniversary year (travel; shipping purchases; internet, cable and phone services; and advertising purchases with social media sites and search engines), 1X point per $1 on all other purchases Welcome bonus Earn 100,000 bonus points after you spend $8,000 on purchases in the first 3 months from account opening. Annual fee $95 Intro APR None Regular APR 21.24% - 26.24% variable Balance transfer fee Either $5 or 5% of the amount of each transfer, whichever is greater Foreign transaction fee None Credit needed Good/Excellent Terms apply. Read our Ink Business Preferred® Credit Card review. Subscribe to the CNBC Select Newsletter! Money matters — so make the most of it. Get expert tips, strategies, news and everything else you need to maximize your money, right to your inbox. Sign up here. Why trust CNBC Select? At CNBC Select, our mission is to provide our readers with high-quality service journalism and comprehensive consumer advice so they can make informed decisions with their money. Every personal finance article is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of financial products. While CNBC Select earns a commission from affiliate partners on many offers and links, we create all our content without input from our commercial team or any outside third parties, and we pride ourselves on our journalistic standards and ethics. Catch up on CNBC Select's in-depth coverage of credit cards, banking and money, and follow us on TikTok, Facebook, Instagram and Twitter to stay up to date. For rates and fees for The Business Platinum Card® from American Express, click here. For rates and fees for the Hilton Honors American Express Business Card, click here. Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.

https://www.cnbc.com/select/american-express-member-week/

AXP

American Express

See Olivia Rodrigo perform, save on dining and travel and more during American Express 'Member Week'

Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more. American Express is returning with its third annual "Member Week," and for the first time, non-cardholders will be able to join in on some of the fun. From Oct. 9 to 13, 2023, American Express cardholders will have access to a range of unique experiences and discounts, including a virtual performance by Olivia Rodrigo, exclusive presales to major sports and entertainment events and up to $375 in statement credits on select dining, retail, business and travel purchases with brands like Delta and Hilton. Non-cardholders will be able to participate in some of the experiences and get a taste of Amex Membership with a free Member Week Pass. Below, CNBC Select has the details on what you need to know about Amex Member Week and how you can take advantage. American Express Member Week experiences American Express is hosting an array of special experiences that will be accessible to both cardholders and non-cardholders who enrolled for a Member Week Pass. Virtual Performance by Olivia Rodrigo Ndz/star Max | Gc Images | Getty Images From Oct. 10 at 8 p.m. ET through Oct. 13 at 12 a.m. ET, you can score a virtual front-row seat to Olivia Rodrigo's performance of songs from her new album, "GUTS." The performance will be available to watch exclusively on YouTube during Member Week ahead of her global tour. Outstanding in the Field Dinners Foodies can indulge in enticing multi-course family-style dining experiences prepared by top local Resy restaurant chefs. The first dinner is taking place on Oct. 11 in Austin, TX at the Umlauf Sculpture Garden & Museum with Chef Fermin Nunez of Suerte & Este, followed by one in Washington D.C. on Oct. 18 with Chefs Matt Conroy and Isabel Coss of Lutèce. Tickets are available to cardholders and Member Week Pass holders for $275 per seat but note that space is limited. Tickets can now be purchased via Resy for the Austin event and will go on sale for Washington D.C. starting Oct. 10. Meet & Greet at Topgolf Golf fans will have the chance to meet and play with professional golfers at a Topgolf location in Las Vegas on Oct. 10 and in Miami on Oct. 12. Eligible cardholders can also earn a statement credit for Topgolf purchases at locations nationwide (terms apply). Hypebeast and Amex Art of Travel Collection In partnership with Hypebeast and artist James Jarvis, American Express is giving cardholders and Member Week Pass holders an opportunity to purchase travel essentials and luggage decals. The collection will go on sale starting Oct. 10 on the Hybeweast website. Limited-time cardholder discounts and perks Throughout the week, personal and business American Express cardholders will be able to take advantage of various discounts and perks. According to the issuer, there will be up to $375 in statement credits offered from Oct. 9 to 13 across retail, dining and business spending categories, as well as special travel deals. Note that you'll have to manually enroll for many of the promotions through Amex Offers. Terms apply to all offers. Dining Eligible cardholders may enroll to get a $25 statement credit after spending $75 or more at more than 200 Resy restaurants across the country. The $25 statement credit offer will be available to use twice, giving a total value of $50. Travel Those with co-branded Delta American Express cards, such as the Delta SkyMiles® Gold American Express Card and Delta SkyMiles® Platinum American Express Card, can earn travel credits with an eligible international flight purchase through Delta.com. Delta SkyMiles® Gold American Express Card Learn More On the American Express secure site Rewards Earn 2X Miles on Delta purchases, at U.S. Supermarkets and at restaurants worldwide, including takeout and delivery in the U.S., and 1X Mile per dollar on all other eligible purchases Welcome bonus Earn 40,000 Bonus Miles after you spend $2,000 in purchases on your new Card in your first 6 months of Card Membership. Annual fee $0 introductory annual fee for the first year, then $150 Intro APR None Regular APR 20.99% - 29.99% variable Balance transfer fee N/A Foreign transaction fees None Credit needed Excellent/Good See rates and fees, terms apply. Delta SkyMiles® Platinum American Express Card Learn More On the American Express secure site Rewards Earn 3X miles on Delta purchases and purchases made directly with hotels; 2X miles at restaurants worldwide including takeout and delivery in the U.S., and at U.S. supermarkets; 1X mile on all other eligible purchases Welcome bonus Earn 50,000 Bonus Miles after you spend $3,000 in purchases on your new Card in your first 6 months of Card Membership. Annual fee $350 Intro APR None Regular APR 20.99% - 29.99% variable Balance transfer fee N/A Foreign transaction fees None Credit needed Excellent/Good See rates and fees, terms apply. For all other cardholders itching to book a getaway, American Express will release special offers on flights and cruises booked through Amex Travel. There will be discounts on airlines like Lufthansa and Qatar Airways and on 17 cruise lines, including Regent Seven Seas Cruises, Seabourn Cruise Line and Silversea. Eligible cardholders can also earn an $80 statement credit after spending $200 or more at select Hilton properties and booking through Hilton.com (card exclusions apply). Retail Cardholders may be able to enroll in Amex Offers from brands like Bose, Dell, Hydro Flask, Levi's, Revolve, Shiseido, Sunglass Hut and Vuori. Entertainment Cardholders can take advantage of exclusive presale access to popular sports and entertainment events, including the Coachella music festival, LCD Soundsystem's NYC Residency and the 2024 US Open Golf Championship. Business For the first time, American Express is offering exclusive Member Week offers for small business owners. Business cardholders can stretch their spending with up to $165 in total value on select purchases from Docusign, Hertz®, Instacart Business (card exclusions apply), Lowe's and Squarespace. Cards that qualify for American Express Member Week All U.S. American Express business and personal cardholders are eligible for Member Week, though certain offers are geared towards specific cards, such as the discount for eligible co-branded Delta SkyMiles American Express cards. If you don't currently have an American Express card, you can apply for one of the cards below. American Express® Gold Card Learn More On the American Express secure site Rewards 4X Membership Rewards® points at Restaurants (plus takeout and delivery in the U.S.) and at U.S. supermarkets (on up to $25,000 per calendar year in purchases, then 1X), 3X points on flights booked directly with airlines or on amextravel.com, 1X points on all other purchases Welcome bonus Earn 60,000 Membership Rewards® points after you spend $6,000 on eligible purchases with your new Card within the first 6 months of Card Membership. Annual fee $250 Intro APR Not applicable Regular APR See Pay Over Time APR Balance transfer fee N/A Foreign transaction fee None Credit needed Excellent/Good See rates and fees, terms apply. Read our American Express® Gold Card review. The Platinum Card® from American Express Learn More On the American Express secure site Rewards Earn 5X Membership Rewards® Points for flights booked directly with airlines or with American Express Travel up to $500,000 on these purchases per calendar year, 5X Membership Rewards® Points on prepaid hotels booked with American Express Travel, 1X points on all other eligible purchases Welcome bonus Earn 80,000 Membership Rewards® Points after you spend $8,000 on purchases on your new Card in your first 6 months of Card Membership. Apply and select your preferred metal Card design: classic Platinum Card®, Platinum x Kehinde Wiley, or Platinum x Julie Mehretu. Annual fee $695 Intro APR None Regular APR See Pay Over Time APR Balance transfer fee N/A Foreign transaction fee None Credit Needed Excellent/Good See rates and fees, terms apply. Read our The Platinum Card® from American Express review. Blue Cash Preferred® Card from American Express Learn More On the American Express secure site Rewards 6% cash back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%), 6% cash back on select U.S. streaming subscriptions, 3% cash back at U.S. gas stations, 3% cash back on transit (including taxis/rideshare, parking, tolls, trains, buses and more) and 1% cash back on other purchases. Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit or at Amazon.com checkout. Welcome bonus Earn a $250 statement credit after you spend $3,000 in purchases on your new card within the first 6 months. Annual fee $0 intro annual fee for the first year, then $95. Intro APR 0% for 12 months on purchases from the date of account opening Regular APR 19.24% - 29.99% variable. Variable APRs will not exceed 29.99%. Balance transfer fee Either $5 or 3% of the amount of each transfer, whichever is greater. Foreign transaction fee 2.7% Credit needed Excellent/Good See rates and fees, terms apply. The Blue Business® Plus Credit Card from American Express Learn More On the American Express secure site Rewards Earn 2X Membership Rewards® points on everyday business purchases up to $50,000 per year, then 1X point per dollar Welcome bonus Earn 15,000 Membership Rewards® points after you spend $3,000 in eligible purchases on the Card within your first 3 months of Card Membership. Annual fee $0 Intro APR 0% for 12 months on purchases from date of account opening Regular APR 18.49% - 26.49% variable; APRs will not exceed 29.99% Balance transfer fee N/A Foreign transaction fee 2.7% Credit needed Excellent See rates and fees, terms apply. The American Express Blue Business Cash™ Card Learn More On the American Express secure site Rewards Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1% cash back earned is automatically credited to your statement Welcome bonus Earn a $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months. Annual fee $0 Intro APR 0% for 12 months on purchases from date of account opening Regular APR 18.49% - 26.49% variable; APRs will not exceed 29.99% Balance transfer fee Foreign transaction fee 2.7% Credit needed Excellent See rates and fees, terms apply. Bottom line American Express offers valuable travel rewards and cash-back credit cards to consumers and business owners and is adding even more opportunities to save money with Member Week. Even non-cardholders can enjoy some of this year's Member Week offerings, including access to a virtual performance by Olivia Rodrigo. However, before participating in any of these promotions, be sure you're not overspending just to earn a discount or credit card rewards. Using a budget can help you ensure that you aren't spending outside of your means or deter you from accomplishing your financial goals. Subscribe to the CNBC Select Newsletter! Money matters — so make the most of it. Get expert tips, strategies, news and everything else you need to maximize your money, right to your inbox. Sign up here. Why trust CNBC Select? At CNBC Select, our mission is to provide our readers with high-quality service journalism and comprehensive consumer advice so they can make informed decisions with their money. Every credit card article is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of credit card products. While CNBC Select earns a commission from affiliate partners on many offers and links, we create all our content without input from our commercial team or any outside third parties, and we pride ourselves on our journalistic standards and ethics. Catch up on CNBC Select's in-depth coverage of credit cards, banking and money, and follow us on TikTok, Facebook, Instagram and Twitter to stay up to date. For rates and fees of the Delta Skymiles® Gold American Express Card, click here. For rates and fees of the Delta Skymiles® Platinum American Express Card, click here. For rates and fees of the American Express® Gold Card, click here. For rates and fees of the The Platinum Card® from American Express, click here. For rates and fees of the Blue Cash Preferred® Card from American Express, click here. For rates and fees of the The Blue Business® Plus Credit Card from American Express, click here. For rates and fees of the The American Express Blue Business Cash™ Card , click here. Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.

https://www.cnbc.com/select/how-to-access-american-express-centurion-lounges/

AXP

American Express

How to access American Express Centurion Lounges, which feature curated menus, craft cocktails and other luxe perks

American Express Centurion Lounge locations With plans for two more Centurion Lounges, there will soon be a total of 16 U.S. locations. The new lounges in the pipeline will be located at: Ronald Reagan Washington National Airport, at Terminal B (opening 2024). at Terminal B (opening 2024). Newark Liberty International Airport, in the new Terminal A (opening 2026). Here's where to find current Centurion Lounges within the U.S.: Atlanta Hartsfield–Jackson International Airport , in Concourse E between the domestic and international terminals. , in Concourse E between the domestic and international terminals. Charlotte Douglas International Airport , Between Concourses D and E; Open daily from 5:30 a.m. to 10:30 p.m. , Between Concourses D and E; Open daily from 5:30 a.m. to 10:30 p.m. Dallas-Fort Worth International Airport , Terminal D across from Gate D12; Open daily from 5:30 a.m. to 10:30 p.m. , Terminal D across from Gate D12; Open daily from 5:30 a.m. to 10:30 p.m. Denver International Airport , Concourse C (post-security), near gate C46; Open daily from 5 a.m. to 10 p.m. , Concourse C (post-security), near gate C46; Open daily from 5 a.m. to 10 p.m. Houston - George Bush Intercontinental Airport , Terminal D, take the elevator from the Duty-Free Shop near Gate D6; Open daily from 6 a.m. to 9:30 p.m. , Terminal D, take the elevator from the Duty-Free Shop near Gate D6; Open daily from 6 a.m. to 9:30 p.m. Las Vegas - Harry Reid International Airport , Concourse D, across from Gate D1; Open daily from 5 a.m. to 11 p.m. , Concourse D, across from Gate D1; Open daily from 5 a.m. to 11 p.m. Los Angeles International Airport , Tom Bradley International Terminal (TBIT), on the left after security; Open daily from 6 a.m. to 10:00 p.m. , Tom Bradley International Terminal (TBIT), on the left after security; Open daily from 6 a.m. to 10:00 p.m. Miami International Airport , Concourse D, on the fourth floor near Gate D12; Open daily from 5 a.m. to 10 p.m. , Concourse D, on the fourth floor near Gate D12; Open daily from 5 a.m. to 10 p.m. New York City - LaGuardia Airport , Terminal B (post-security) on the fourth floor just before the pedestrian bridge; Open 5 a.m. to 10 p.m. Sunday to Friday, and 5 a.m. to 9 p.m. Saturday. , Terminal B (post-security) on the fourth floor just before the pedestrian bridge; Open 5 a.m. to 10 p.m. Sunday to Friday, and 5 a.m. to 9 p.m. Saturday. New York City - John F. Kennedy International Airport , Terminal 4, just past security, to the left of the escalators; Open daily from 5 a.m. to 10 p.m. , Terminal 4, just past security, to the left of the escalators; Open daily from 5 a.m. to 10 p.m. Philadelphia International Airport , Terminal A West near Gate A14; Open daily from 5:30 a.m. to 9 p.m. , Terminal A West near Gate A14; Open daily from 5:30 a.m. to 9 p.m. Phoenix Sky Harbor International Airport , Terminal 4 across from Gate B22; Open daily from 6 a.m. to 9 p.m. , Terminal 4 across from Gate B22; Open daily from 6 a.m. to 9 p.m. San Francisco International Airport , Terminal 3 next to Gates F1 and F2; Open daily from 5 a.m. to 9 p.m. , Terminal 3 next to Gates F1 and F2; Open daily from 5 a.m. to 9 p.m. Seattle-Tacoma International Airport, On the mezzanine level in the Central Terminal; Open daily from 5 a.m. to 10 p.m. Additional Centurion Lounges can be found internationally in Hong Kong (HKG), London (LHR), Stockholm (ARN), Mumbai (BOM), Delhi (DEL), Buenos Aires (EZE), São Paulo (GRU), Melbourne (MEL), Mexico City (MEX), Monterrey (MTY) and Sydney (SYD). Billy H.c. Kwok | Getty Images Entertainment | Getty Images American Express has rebranded Escape Lounges into a concept called "Escape Lounges — The Centurion Studio Partner," and these locations serve as mini-Centurion Lounges. Centurion Studio Partner locations are open at 15 airports, including Fort Lauderdale (FLL), Columbus (CMH), Sacramento (SMF) and Phoenix (PHX). Whichever lounge you visit, you can expect to find a range of complimentary perks including seasonal food and beverage options curated by popular local chefs, signature craft cocktails, high-speed Wi-Fi, semi-private workspaces, access to The Centurion Lounge Digital Library, access to a Member Services travel concierge team, luxury amenities such as spa services and shower suites and little touches like family rooms and customized relaxation spaces. An attendee samples food inside the American Express Centurion Lounge during a media preview event at Los Angeles International Airport (LAX) on March 5, 2020. Patrick T. Fallon | Bloomberg | Getty Images How to access Amex Centurion Lounges To enter any Centurion Lounge, you'll need to have a same-day boarding pass. You can only access these lounges before you fly or during a layover if you have a connecting flight. You can't enter a Centurion lounge after you land. You must also be able to produce a valid government-issued photo I.D. and the eligible card that's associated with your membership (unless you are a guest of a current cardholder). Children ages two and under get in free with a qualifying parent who can show a "lap infant" boarding pass or proof of their child's age. You'll only be allowed to enter the lounge within three hours of your flight's departure and cannot reserve a spot ahead of time — entry will be based on capacity and access to some amenities based on availability. You also won't be allowed in if you have a standby ticket, unless you can show you have a boarding pass showing a confirmed seat or assigned zone. Complimentary or discounted access Travelers with The Platinum Card® from American Express, The Business Platinum Card® from American Express or the Centurion® Card from American Express receive complimentary access to any outpost within the Centurion Lounge network. The Platinum Card® from American Express Learn More On the American Express secure site Rewards Earn 5X Membership Rewards® Points for flights booked directly with airlines or with American Express Travel up to $500,000 on these purchases per calendar year, 5X Membership Rewards® Points on prepaid hotels booked with American Express Travel, 1X points on all other eligible purchases Welcome bonus Earn 80,000 Membership Rewards® Points after you spend $8,000 on purchases on your new Card in your first 6 months of Card Membership. Apply and select your preferred metal Card design: classic Platinum Card®, Platinum x Kehinde Wiley, or Platinum x Julie Mehretu. Annual fee $695 Intro APR None Regular APR See Pay Over Time APR Balance transfer fee N/A Foreign transaction fee None Credit Needed Excellent/Good See rates and fees, terms apply. Read our The Platinum Card® from American Express review. The Business Platinum Card® from American Express Learn More On the American Express secure site Rewards Earn 5X Membership Rewards® points on flights and prepaid hotels on AmexTravel.com and 1X points for each dollar you spend on eligible purchases. Also, earn 1.5X points (that's an extra half point per dollar) on each eligible purchases at US construction material, hardware suppliers, electronic goods retailers and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more everywhere else, on up to $2 million of these purchases per calendar year. Welcome bonus Earn 120,000 Membership Rewards® points after you spend $15,000 on eligible purchases within the first 3 months of card membership Annual fee $695 Intro APR N/A Regular APR 19.49% - 28.49% variable Balance transfer fee N/A Foreign transaction fee None Credit needed Excellent/Good See rates and fees, terms apply. Those with the Delta SkyMiles® Reserve American Express Card or the Delta SkyMiles® Reserve Business Card are permitted to enter U.S. Escape Lounges - The Centurion Studio Partner and Centurion Lounges within the U.S., in London (LHR) and in Hong Kong (HKG) — and only if they're traveling on a same-day flight that's operated or marketed by Delta Air Lines. Delta SkyMiles® Reserve American Express Card Learn More On the American Express secure site Rewards Earn 3X Miles on Delta purchases and 1X Mile on all other eligible purchases. Welcome bonus Earn 60,000 Bonus Miles after you spend $5,000 in purchases on your new Card in your first 6 months of Card Membership. Annual fee $650 Intro APR N/A Regular APR 20.99% - 29.99% variable Balance transfer fee N/A Foreign transaction fees None Credit needed Excellent/Good See rates and fees, terms apply. Delta SkyMiles® Reserve Business American Express Card Learn More On the American Express secure site Rewards Earn 3 miles per dollar on eligible Delta purchases Welcome bonus Earn 75,000 Bonus Miles after spending $10,000 in purchases on your new Card in your first 6 months of Card Membership. Annual fee $650 Intro APR None Regular APR 20.99% - 29.99% variable Balance transfer fee N/A Foreign transaction fees None Credit needed Excellent/Good See rates and fees, terms apply. Amex Platinum cardholders have access to more than 1,400 lounges Amex Platinum and Business Platinum cardholders also receive complimentary access to The Global Lounge Collection®, which includes Centurion Lounges, Escape Lounges – The Centurion Studio Partner, Delta Sky Club® lounges, Plaza Premium Lounges, Priority Pass™ lounges and Lufthansa Lounges, giving you access to more than 1,400 airport lounges in over 650 cities worldwide. Note, however, that the rules vary by lounge regarding how many guests you're allowed to take with you and whether their entry is also complimentary. Additionally, to access Delta Sky Clubs, you'll have to be traveling on a same-day flight that is operated or marketed by Delta Air Lines. Paid access Due to the exclusivity of these lounges, you won't be able to enter unless you are a qualifying cardholder (see above) or a guest of one (see below). Centurion cardholders can bring their immediate family (spouse, partner and children under 18) or up to two guests free of charge to any Centurion Lounge or Escape Lounge. Amex Platinum and Business Platinum cardholders can bring two free guests to Escape Lounge locations but have to pay $50 per guest ($30 per child ages 2–17) at Centurion Lounge locations. Consumer and business Platinum card members can qualify for two complimentary guest passes per Centurion Lounge visit after spending at least $75,000 on your card within a calendar year. Once earned, that complimentary guest access will be valid through January of the second calendar year (if you earned it by Nov. 1, 2024, it would be active through January 31, 2026). Those with a Delta SkyMiles Reserve card can bring up to two guests per visit by paying a fee of $50 per person per visit ($30 per child between 2 and 17 years old; children under 2 are free) as long as you're all traveling on a same-day flight that is being operated or marketed by Delta Air Lines. Delta SkyMiles Reserve card members may bring guests to Escape Lounge locations but will pay the per-visit fee that the specific lounge charges. Source: American Express Best American Express cards with lounge access Bottom line Centurion Lounges are known for their luxury amenities and exclusive access, which you can score by signing up for certain eligible cards. With more locations popping up in cities all over the U.S. and around the world, now might be a good time to take advantage of a lucrative welcome bonus so you can make your next airport experience a relaxing and memorable one. Subscribe to the CNBC Select Newsletter! Money matters — so make the most of it. Get expert tips, strategies, news and everything else you need to maximize your money, right to your inbox. Sign up here. Why trust CNBC Select? At CNBC Select, our mission is to provide our readers with high-quality service journalism and comprehensive consumer advice so they can make informed decisions with their money. Every credit card and airport lounge review is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of travel credit card products. While CNBC Select earns a commission from affiliate partners on many offers and links, we create all our content without input from our commercial team or any outside third parties, and we pride ourselves on our journalistic standards and ethics. Catch up on CNBC Select's in-depth coverage of credit cards, banking and money, and follow us on TikTok, Facebook, Instagram and Twitter to stay up to date. For rates and fees of the Platinum Card® from American Express, click here. For rates and fees of the Business Platinum Card® from American Express, click here. For rates and fees of the Delta SkyMiles® Reserve American Express Card, click here. For rates and fees of the Delta SkyMiles® Reserve Business Card, click here. Information about the Centurion® Card from American Express has been collected independently by Select and has not been reviewed or provided by the issuer of the card prior to publication. Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.

https://www.cnbc.com/2023/10/05/thursdays-top-stocks-on-wall-street.html

AXP

American Express

Here are Thursday's biggest analyst calls: Nvidia, Meta, Ford, Wingstop, American Express and more

Here are Thursday's biggest calls on Wall Street. BMO initiates HF Sinclair as buy BMO said in its initiation of the petroleum refiner that shares are cheap. " DINO's premium refining markets provide it with top-tier margins, while low leverage enables strong capital returns, and valuation remains inexpensive." Stifel initiates Oculis Holding as buy Stifel said the biopharma company is well-positioned. "We initiate coverage of Oculis (OCS) with a Buy rating and $35 target price. OCS has a bench of innovative technologies establishing a deep pipeline for multiple underserved ocular and retinal conditions due to current onerous administration profiles, lack of efficacy, or disease heterogeneity." Wedbush initiates First Citizens BancShares as outperform Wedbush said the regional bank is in a "strong position." "Once a small, but high performing Southeastern-focused bank, First Citizens has quadrupled in size over the last 18 months owing to two high-profile acquisitions of CIT Group and the failed Silicon Valley Bank." JPMorgan upgrades Live Oak Bancshares to overweight from neutral JPMorgan said it sees a compelling entry point for the regional bank. "We are upgrading LOB from Neutral to Overweight as the recent sell-off provides us with the entry point that we were waiting for." Barclays reiterates Meta as overweight Barclays said Meta's artificial intelligence announcements last week could "mark the second major wave of consumer AI adoption." "Potentially the most interesting thing that META announced last week was the "AI Studio" whereby sometime in 2024 many celebrities, influencers, and even business owners should be in a position to introduce their own custom built AI agents." Bank of America initiates Wingstop as buy Bank of America said shares of the wing restaurant company are attractive. " WING trades at a premium to peers (37x F24E EBITDA), commensurate with its superior growth and returns." Morgan Stanley reiterates Ford as overweight Morgan Stanley said its survey checks show reduced electric vehicle spend will be a positive for shares of Ford and General Motors. "The majority of survey respondents expect a pullback in EV spending to cause a positive reaction in the share prices of the D3 OEMs (F, GM, STLA) – 57% of survey respondents expect a decrease (either modest or significant) in EV expenditures as a result of the UAW negotiations." Bank of America downgrades Carrier to underperform from neutral Bank of America said it sees residential headwinds. "Relative to peers, CARR has the highest exposure to North American residential HVAC. We see headwinds to residential HVAC including concerns around excess channel inventory." Bank of America upgrades Parker Hannifin to buy from neutral Bank of America said the manufacturing stock is at a "deep discount." "Over the past several decades, PH has materially improved its returns and reduced cyclicality through operational excellence and strategic M & A. Our analysis indicates that PH offers growth and returns similar to best in class peers like ITW and AME." Raymond James downgrades Clorox to market perform from outperform Raymond James said it sees "challenged near-term visibility" for Clorox. "After yesterday's close, CLX provided an update on F1Q that was significantly worse than we expected due to the recent cybersecurity attack." Evercore ISI reiterates Nvidia as outperform Evercore ISI said shares of Nvidia are "cheap." "Simply put, it is too early to get off the AI train — NVDA remains our favorite play here (and screening 'cheap' with EPS tracking to $20+ in CY24), with AVGO another key beneficiary." Read more about this call here . RBC initiates Johnson & Johnson as outperform RBC said in its initiation of the stock that it has "unlocked potential." " JNJ is a global healthcare company uniquely positioned with Pharma and MedTech under one umbrella." Wolfe initiates KKR and Blue Owl as outperform Wolfe initiated KKR and Blue Owl with an outperform rating and said the alternative asset managers are well-positioned. "We are initiating on the Alternative Asset Management sector with a Market Overweight rating. The Alternative Asset Management industry has grown at a rapid pace since the GFC, [great financial crisis] with Private Markets AUM now comprising ~11% of global AUM vs. just 4% in 2007." Bernstein initiates Instacart as market perform Bernstein started coverage of the delivery company with a market perform and said it sees increased competition. " CART is a market leader in an attractive TAM, with inherent value residing in its digital advertising business (still sub-scale today). However, we expect market share and ad dollars will be hard fought, as the competitive intensity of the sector is increasing." Deutsche Bank initiates AIG as buy Deutsche Bank initiated the insurance company with a buy and says shares are de-risked. "Our top picks in P & C are Chubb, the best in class operator, and AIG , a company which is now greatly de-risked and just needs to fix its personal lines business over the next 12 months to complete its turnaround story." Citi upgrades O'Reilly Automotive to buy from neutral Citi said it sees a compelling entry point for O'Reilly shares. "We think the recent pullback in the shares presents an attractive buying opportunity for the stable, defensive retail stock." Bank of America reiterates American Express as a top pick Bank of America said the credit card company is its favorite idea in the sector. " AXP is our top pick in the sector. We view the combination of high-end consumers and a commercial U.S. and international customer base favorably. Credit quality is also best in class."

https://www.cnbc.com/select/american-express-gold-card-credit-score/

AXP

American Express

What credit score do you need to qualify for the American Express Gold Card?

Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more. If you're in the market for a new credit card that offers perks such as higher rewards on dining and grocery shopping, a generous welcome offer and statement credits for dining and ride-sharing services, look no further than the American Express® Gold Card. New cardholders can earn a lucrative welcome bonus of 60,000 Membership Rewards® points after spending $6,000 on eligible purchases with your new card within the first 6 months of card membership. And with the American Express Gold Card, you'll earn 4X points for dining at restaurants worldwide — as well as on takeout and delivery within the U.S. — and for shopping at U.S. supermarkets (up to $25,000 per calendar year), 3X points for flights booked directly with the airline or via amextravel.com, and 1X points for all other eligible purchases. Points earned with the card can then be redeemed in a number of ways or for flights, hotels and other travel activities via amextravel.com or by transferring them to any of Amex's travel partners, including Delta, British Airways, Virgin Atlantic, Hilton, Marriott and Choice Hotels, among others. It's also worth keeping an eye out for transfer bonuses, which can stretch your points even further. American Express® Gold Card Learn More On the American Express secure site Rewards 4X Membership Rewards® points at Restaurants (plus takeout and delivery in the U.S.) and at U.S. supermarkets (on up to $25,000 per calendar year in purchases, then 1X), 3X points on flights booked directly with airlines or on amextravel.com, 1X points on all other purchases Welcome bonus Earn 60,000 Membership Rewards® points after you spend $6,000 on eligible purchases with your new Card within the first 6 months of Card Membership. Annual fee $250 Intro APR Not applicable Regular APR See Pay Over Time APR Balance transfer fee N/A Foreign transaction fee None Credit needed Excellent/Good See rates and fees, terms apply. Read our American Express® Gold Card review. The American Express Gold Card is also a good option for those who can take full advantage of the included dining and ride-sharing statement credits — the combined value of both credits is $240, which is nearly as much as the card's $250 annual fee (see rates and fees). Upon enrollment, cardholders can receive up to $120 in dining credits (up to $10 in statement credits each month) when they use their card to dine with GrubHub, Wine.com, Goldbelly, The Cheesecake Factory, Milk Bar, and certain Shake Shack locations. Once the card is added to your Uber account, you automatically get up to $120 Uber Cash per year ($10 each month), which you can use for rides or dining via Uber Eats. While the American Express® Gold Card offers a ton of benefits, it also commands a significant annual feeand generally require applicants to have a good credit score or higher. Below, CNBC Select takes a look at the credit score you'll need to qualify for the American Express Gold Card, one of the best travel rewards cards on the market. Subscribe to the Select Newsletter! Our best selections in your inbox. Shopping recommendations that help upgrade your life, delivered weekly. Sign-up here. What credit do you need for the Amex Gold Card? While American Express doesn't publicize a minimum credit score for the Amex Gold Card, generally, applicants with a good credit score of 670 or above are more likely to qualify. FICO® scores range from 300 to 850, with higher scores indicating a greater likelihood of a borrower being able to pay off their balance on time. FICO Score ranges: Very poor: 300 to 579 300 to 579 Fair: 580 to 669 580 to 669 Good: 670 to 739 670 to 739 Very good: 740 to 799 740 to 799 Excellent: 800 to 850 Keep in mind, however, that all applicants with a credit score of 670 or above won't necessarily make the cut — other factors, such as the five listed below that FICO uses to determine your credit score, will also be considered by the credit card issuer. FICO factors: Payment history (35%) — If you've made your previous payments on time — If you've made your previous payments on time Amounts owed (30%) — Your credit utilization ratio, or the ratio of the amount of credit you're using to the amount that's been extended and owed on your accounts — Your credit utilization ratio, or the ratio of the amount of credit you're using to the amount that's been extended and owed on your accounts Length of credit history (15%) — The amount of time you've had credit — The amount of time you've had credit New credit (10%) — How often you open new accounts — How often you open new accounts Credit mix (10%) — Whether you have different types of credit, such as installment loans or revolving lines of credit It's also worth noting that American Express offers a pre-qualification service so you can see if you qualify for the card before you actually apply — and no, it doesn't harm your credit score. If you don't have a good credit score, focus on improving it by making your payments on time and in full, using as little of your extended credit as possible, and limiting the number of credit applications you put in. Signing up for *Experian Boost™, which counts on-time payments for certain subscription services and utilities toward the calculation of your FICO® Score, could also help bring it up a few points. Experian Boost™ Learn More On Experian's secure site Cost Free Average credit score increase 13 points, though results vary Credit report affected Experian® Credit scoring model used FICO® Score Results will vary. See website for details. How to sign up for Experian Boost: Connect the bank account(s) you use to pay your bills Choose and verify the positive payment data you want added to your Experian credit file Receive an updated FICO® Score Learn more about eligible payments and how Experian Boost works. Why you may be rejected when applying for this card While credit card issuers heavily rely on credit scores to evaluate applicants, they also consider other factors, such as your annual income, how long you've had a credit history and how many credit cards you currently have. For example, if you have a good credit score but have only had a credit history for a few months, the issuer may end up rejecting you because you don't have a long enough credit history to indicate your creditworthiness. American Express also has set limits when it comes to how many of its consumer and business cards you're allowed to have. Individuals are limited to just five total consumer credit cards, so it's possible you could be automatically rejected if you already have five American Express credit cards. If for whatever reason you are rejected for the Amex Gold Card, card issuers and banks are required by federal law to let applicants know exactly why within 60 days. It might also be worth appealing the decision by calling American Express directly — pointing out your loyalty to the credit card issuer or your history of making on-time payments on your lines of credit may help your chances. Bottom line The American Express Gold Card card is a great option for consumers who tend to be big spenders when dining out and shopping at grocery stores, especially those who will take full advantage of its included dining and Uber credits. To qualify for this $250 annual fee card, one of the best travel rewards credit cards available, you should have a credit score of at least 670. If you apply but don't make the cut, note that Amex has limits on the number of cards consumers are allowed to have and is required by law to spell out the reason for your rejection within 60 days. Catch up on Select's in-depth coverage of personal finance, tech and tools, wellness and more, and follow us on Facebook, Instagram and Twitter to stay up to date. For rates and fees of the American Express® Gold Card, click here. *Eligibility and Benefit level varies by Card. Terms, Conditions and Limitations Apply. Please visit americanexpress.com/ benefitsguide for more details. Underwritten by AMEX Assurance Company. Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc. *Results may vary. Some may not see improved scores or approval odds. Not all lenders use Experian credit files, and not all lenders use scores impacted by Experian Boost. Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.

https://www.cnbc.com/2023/09/05/-stocks-making-the-biggest-moves-premarket-airbnb-oracle-american-express-and-more.html

AXP

American Express

Stocks making the biggest moves premarket: Airbnb, Oracle, American Express and more

Supporters of Airbnb hold a rally on the steps of New York City Hall showing support for the company, Oct. 30, 2015. Check out the companies making headlines in premarket trading. Zynex, Coherus BioSciences , Universal Insurance Holdings — Coherus, Zynex and Universal Insurance stock fell on news from S&P 500 Dow Jones indices that the stocks would be moving within small-cap indexes. Coherus is leaving the MidCap 400 for the MidCap 600, while Universal Insurance is leaving the MidCap 600 altogether. Zynex tumbled nearly 6% on news that the firm is leaving the SmallCap 600 index. American Express — Stock in the credit card giant ticked up 0.5% following an upgrade to outperform from sector perform from RBC earlier Tuesday. Airbnb — Shares of the vacation rental company rose more than 4% on the heels of the S&P Dow Jones Indices announcement Friday that Airbnb will join the S&P 500 later this month. The S&P 500 is widely tracked by large index funds, which could create buying pressure on Airbnb's stock in the weeks ahead. NextGen Healthcare — The health-care stock climbed more than 11% following a Bloomberg report Monday that the company was in late-stage talks with potential acquirer Thoma Bravo. Oracle — The software stock added 1.5% in premarket trading following an upgrade to overweight from equal weight by Barclays. The firm said the company's cloud business should feel tailwinds from artificial intelligence. Brady Corporation — Shares climbed nearly 11% after the company reported quarterly results. Brady Corporation posted an adjusted $1.04 in profit per share, while analysts polled by FactSet forecast 93 cents. Warner Bros. Discovery — Shares dipped 1.2% after the company warned that strikes from writers and actors could negatively affect cash flow by a range of $300 million to $500 million. — CNBC's Alex Harring and Jesse Pound contributed reporting.

https://www.cnbc.com/2021/12/02/omicron-clouds-outlook-for-international-travel-that-was-just-turning-a-corner.html

AIG

American International Group

Omicron clouds outlook for international travel that was just turning a corner

A passenger arrives at a terminal of Ronald Reagan Washington National Airport as countries react to the new coronavirus Omicron variant amid the coronavirus disease (COVID-19) pandemic, in Washington, U.S. November 30, 2021. REUTERS/Carlos Barria Carlos Barria | Reuters The spread of the Covid omicron variant across the world could further delay the travel industry's recovery, a fresh challenge just as international trips were on the upswing after a 20-month slump. The variant, first reported by South African scientists last week with the first U.S. case confirmed in California on Wednesday, has sparked a new host of travel restrictions that took many travelers by surprise, leaving some stranded as several countries temporarily barred flights or arriving passengers from the region. watch now On Thursday, the U.S. said inbound international travelers, including American citizens, will have to show proof of a negative Covid test that was taken within one day of departure, up from three days for vaccinated arrivals and regardless of vaccination status. That change takes effect on Monday. Some aviation executives, however, are upbeat that demand will continue to recover despite the variant in the longer term. "Obviously we've seen higher cancellations but it's really too early to tell," United Airlines CEO Scott Kirby told reporters Thursday at a hangar at Ronald Reagan Washington National Airport after it flew one of its jets half-powered by sustainable aviation fuel. Kirby said he doesn't expect bookings to go down as much as they did for the delta variant. "The next peak will be at a higher level," he said. General Electric Aviation CEO John Slattery said airline customers are still planning for "a strong spring and strong summer." "My hope is that the governments around the world will support an open-border philosophy and policy," Slattery said at the same United event. Lower forecasts Still, Fitch Ratings on Tuesday lowered its outlook for global air traffic this year to just over half of 2019 levels, compared with a previous forecast of a 35% drop, and cut its outlook for 2022 and 2023, noting "new, highly contagious variants, such as Omicron, highlight the likelihood operating conditions remain volatile and the downside risk to forecasts." Japan, Israel and Morocco have among the strictest rules, temporarily barring foreigners altogether. The U.K. is now requiring PCR Covid tests for international arrivals and the U.S. on Monday started barring visitors from South Africa, Lesotho, Eswatini, Botswana, Namibia, Malawi, Mozambique and Zimbabwe, three weeks after lifting a pandemic ban on international visitors. "Heightened travel restrictions, testing requirements, and quarantine restrictions may have greater impact on travel than the variant itself," said Henry Harteveldt, a former airline executive and founder of travel industry consulting firm Atmosphere Research Group. Last-minute cancellations

https://www.cnbc.com/2021/07/19/apple-iphones-can-be-hacked-even-if-the-user-never-clicks-a-link-amnesty-international-says.html

AIG

American International Group

Apple iPhones can be hacked with spyware even if you don't click on a link, Amnesty International says

Apple iPhones can be compromised and their sensitive data stolen through hacking software that doesn't require the phone's owner to click on a link, according to a report by Amnesty International published on Sunday. Amnesty International said it discovered iPhones belonging to journalists and human rights lawyers had been infected with NSO Group's Pegasus malware that can provide the attacker access to messages, emails and the phone's microphone and camera. The revelation suggests governments using NSO Group software have been able to successfully hack iPhones to spy on user data using methods unknown to Apple , and that even keeping an iPhone up-to-date cannot stop a dedicated attacker who's using expensive and secretive spy software. The nature of the attacks also suggests changing user behavior, such as avoiding clicking on unknown or phishing links in messages, may not protect iPhone users against NSO's software. Past versions of Pegasus required the user to click a malicious link in a message, Amnesty International said. NSO Group is an Israeli firm that says it sells to vetted government agencies and law enforcement to prevent terrorism, car explosions and to break up sex and drug trafficking rings. Amnesty International found evidence of a hack in an iPhone 12, the newest iPhone model, running iOS 14.6, which was the most current software before Monday. Apple updated its software to iOS 14.7 on Monday but has not yet released security details that could indicate whether it has fixed the exploits identified by Amnesty International. Amnesty International obtained a leaked list of 50,000 phone numbers that may have been targeted by spy software made by NSO Group. It found evidence that Android devices were also targeted by NSO Group software, but wasn't able to examine those devices in the same way as the iPhones. "Apple unequivocally condemns cyberattacks against journalists, human rights activists, and others seeking to make the world a better place. For over a decade, Apple has led the industry in security innovation and, as a result, security researchers agree iPhone is the safest, most secure consumer mobile device on the market," Apple's head of security engineering and architecture Ivan Kristic said in a statement.

https://www.cnbc.com/2024/03/02/upstart-airlines-avelo-breeze-prepare-for-profitable-year.html

AIG

American International Group

Airlines Avelo and Breeze, three years after their pandemic debut, prepare for a profitable year

The inaugural flight of an Avelo Airlines Boeing 737-800 takes off from Hollywood Burbank Airport to Charles M. Schulz-Sonoma County Airport in Santa Rosa on April 28, 2021. Patrick T. Fallon | AFP | Getty Images In the nearly four years since the Covid-19 pandemic upended air travel, the largest U.S. airlines have returned to profitability. The CEOs of two upstart airlines that launched in the middle of the pandemic say they're about to join them. Avelo and Breeze Airways, two low-cost carriers that debuted in 2021 when U.S. air travel demand was more than 30% below pre-pandemic levels, have both grown their operations rapidly. They've launched dozens of new routes across the country, and their founders say their strategy of linking cities where there's less competition from large carriers is paying off. Think Los Angeles' Hollywood Burbank Airport, rather than Los Angeles International, or Islip, Long Island, over New York City. "When you have Goliaths, and you're just David, it's really hard," said Avelo Airlines CEO Andrew Levy. Delta, American, United and Southwest together control about three-quarters of the U.S. market, according to Cirium data. Avelo says it flew 2.3 million customers in 2023, and that its planes were more than 80% full on average. Breeze flew more than 2.8 million travelers last year, and its flights were 77% full, according to the company. The carriers are still tiny. For comparison, Southwest Airlines, the largest domestic carrier, flew more than 137 million passengers last year. Yet, Avelo reported its first profitable quarter in the last three months of 2023, and a company spokesperson said the airline will likely turn an annual profit in 2024. It brought in revenue of $265 million for the full year 2023, up 74% from the prior year. Levy said he had expected the airline to turn a profit sooner, but high fuel costs during a period of broad inflation and Russia's invasion of Ukraine two years ago pushed back the timeline. Breeze is also on track for its first profitable year in 2024, said CEO David Neeleman. David Neeleman, founder and CEO of Breeze Airways, before boarding the airline's inaugural flight at Tampa International Airport in Tampa, Florida, on May 27, 2021. Matt May | Bloomberg | Getty Images It typically takes two to four years from launch for airlines to turn a profit, said Henry Harteveldt, president of Atmosphere Research Group, a travel industry consulting firm. Avelo and Breeze each faced additional challenges that have weighed on the entire industry, including a jump in oil prices, supply chain snarls and shortages of pilots and air traffic controllers. "The fact that the airlines are both still operating is a credit to [Levy's and Neeleman's] visions, their leadership, but also the dedication of their employees," Harteveldt said. Skipping hubs Both airlines have staked a claim in the low-cost carrier segment, which also includes Frontier and Allegiant , which offer base fares, add-ons and secondary airport flights. Avelo flies to about 50 destinations and operates out of six bases including Connecticut's Tweed-New Haven Airport and Delaware's Wilmington Airport. Many of its destinations are from the Northeast to popular vacation destinations in Florida and South Carolina, but it also serves destinations in California and other western states in the U.S. The carrier moved beyond the continental U.S. in 2023 when it launched service to Puerto Rico and will likely expand to international destinations this year, Levy said. Breeze, which Neeleman founded after also starting JetBlue Airways and Brazilian carrier Azul , mostly eschews major hubs and flies out of about 50 airports such as New York's Westchester County Airport and Akron-Canton Airport in Ohio. It flies to standard vacation destinations, but also offers cross-country flights from cities such as Hartford, Connecticut or Charleston, South Carolina, to destinations including Las Vegas and Los Angeles. It hopes to launch international service by 2025. Avelo and Breeze have both continued to announce new routes and destinations this year. Avelo had 11 routes shortly after launching in the summer of 2021 and now has about 75, while Breeze flew about 16 routes that summer and is currently selling roughly 180. A Breeze Airways airplane on the tarmac at Tampa International Airport in Tampa, Florida, on May 27, 2021. Matt May | Bloomberg | Getty Images Breeze and Avelo sell base fares — some as low as double digits — and charge fees for checked luggage and advanced seat assignments, upcharges that have become common not just among budget airlines, but most large carriers, too. Breeze's lowest-fare option allows travelers to bring on only a personal item, but the airline also sells first class seats and extra legroom options with more amenities. Neither airline's base fare includes a carry-on bag. Operational costs Offering low airfares has made industry-wide cost increases all the more daunting for Avelo and Breeze. The nationwide shortage of pilots following the pandemic and rising labor costs, for example, have posed a challenge. Large airlines, which can offer pilots big salaries, have hired away pilots from smaller carriers in recent years to staff up after the pandemic. "What you really want to watch with pilots is attrition. … We had an attrition rate that was higher than we liked, and now it's where we want it," said Neeleman. The carrier has many first officers who are poised to be upgraded to captain, helping alleviate the shortage, he added. Airlines have also struggled with late deliveries of aircraft and difficulties getting thousands of replacement parts.

https://www.cnbc.com/2021/11/08/philip-morris-international-meets-with-fda-to-make-its-case-for-iqos-in-patent-dispute.html

AIG

American International Group

Philip Morris International meets with FDA to make its case for Iqos in patent dispute

Philip Morris International met with the Food and Drug Administration on Friday afternoon to present its argument for why the tobacco giant and Altria should be allowed to import and sell Iqos devices in the U.S., CNBC has learned. A person familiar with the company's meeting said Philip Morris told the FDA that Iqos is unique, both in its design and ability to convert smokers. Additionally, the company is arguing that the U.S. International Trade Commission overstepped its bounds, given that the FDA is in charge of regulating which tobacco products and alternatives can be sold, this person said. The meeting with regulators is the latest development in a patent dispute with rival R.J. Reynolds, a subsidiary of British American Tobacco . In late September, the ITC ruled that the Iqos device infringed on two of Reynolds' patents. The Biden administration is conducting a 60-day administrative review until Nov. 29 to decide if the sale and import of the cigarette alternative will be banned. Altria launched the Iqos device in the United States two years ago, but it began development of the product more than a decade ago before Philip Morris International was spun off from the company. The device heats tobacco without burning it, which is meant to give users the same rush of nicotine without as many toxins as smoking a cigarette. Philip Morris sells the device in dozens of international markets and has granted Altria a license to sell it in the U.S. While Iqos don't represent a large portion of Altria's U.S. business, it's part of the company's shift away from traditional tobacco products, which have seen falling demand. The U.S. Trade Representative will make a recommendation to President Joe Biden after listening to input from a number of agencies, including the FDA, which regulates tobacco products. "The presidential review process can disapprove of the ITC's final determination on a few counts, and we believe there is a pretty strong case for that," said Deepak Mishra, head of Philip Morris International's Americas region, in an interview with CNBC Thursday. The company's argument to keep selling Iqos includes the public health benefit of the device. Altria said it counts 20,000 U.S. consumers as users of the device, and say they could revert back to cigarettes if Iqos disappears from shelves. "We are pretty convinced that the vast majority will go back to smoking cigarettes," Mishra said. "... It actually comes close to the taste and ritual of a cigarette, which is why we have a very strong conversion of smokers that switch to Iqos." Mishra said this was an argument the company planned to make as it urges the Biden administration to overturn the ITC ruling. The next step in the administrative review is a Trade Policy Staff Committee meeting, which will likely happen this week, the person familiar with the meeting said. The group includes a number of federal agencies, including the FDA, U.S. Department of Agriculture and the Department of Commerce. If the administration sides with R.J. Reynolds in the dispute, Iqos could be off of U.S. shelves for months as it waits for a decision on a separate claim from Reynolds with the U.S. Patent and Trademark Office, according to Mishra. That process is expected to take another six to 12 months, but Mishra said the company is more optimistic about the outcome given its success in similar cases outside the United States. British American Tobacco has already pursued similar legal action against Philip Morris in the United Kingdom, Poland, Czech Republic, Bulgaria, Romania and Greece and through the European Patent Office. In the worst case scenario for Altria and Philip Morris, the two companies would have to go back to the drawing board, moving production to the U.S. or changing up the design enough to avoid patent infringement claims. "There is no reason to overturn policy and legal arguments rejected three times in the earlier legal proceedings, as the ITC's exclusion order was properly issued and consistent with the public interest," Reynolds American spokesperson Kaelan Hollon said in a statement to CNBC. "Similar to companies across multiple other industries - including producers of medicines, medical equipment, and other technologies – we must enforce our IP rights robustly to ensure we can continue to innovate." Shares of Philip Morris have climbed 12% this year, giving it a market value of $145 billion. Altria's stock is up 9% in the same time, raising its market value to $83.1 billion.

https://www.cnbc.com/2018/09/10/trump-administration-to-take-tough-stance-against-the-hagues-icc.html

AIG

American International Group

Trump administration to take tough stance against International Criminal Court

The United States on Monday will adopt an aggressive posture against the International Criminal Court (ICC) in The Hague, threatening sanctions against its judges if they proceed with an investigation into alleged war crimes committed by Americans in Afghanistan. President Donald Trump's national security adviser, John Bolton, is to make the announcement in a midday speech to the Federalist Society, a conservative group, in Washington. It will be his first major address since joining the Trump White House. "The United States will use any means necessary to protect our citizens and those of our allies from unjust prosecution by this illegitimate court," Bolton will say, according to a draft of his speech seen by Reuters. Bolton will also say that the State Department will announce the closure of the Palestine Liberation Organization (PLO) office in Washington out of concern about Palestinian attempts to prompt an ICC investigation of Israel. The PLO office in Washington did not immediately respond to a request for comment. "The United States will always stand with our friend and ally, Israel," says Bolton's draft text.

https://www.cnbc.com/2024/02/27/biden-faces-anger-from-key-arab-american-voters-in-michigan-primary-.html

AIG

American International Group

Biden faces anger from key Arab American voters in Michigan primary over Israel support in Gaza war

A man explains the importance of voting 'uncommited' as he hands out fliers outside the Islamic Center of Detroit to ask voters to vote 'uncommitted' in Michigan Primary elections on Tuesday, in Michigan, United States on February 26, 2024. Mostafa Bassim | Anadolu | Getty Images Palestinian keffiyehs and signs that read "Abandon Biden": Arab American demonstrators in Warren, Michigan, made no secret of their anger at the president in early February as he visited the key swing state that helped carry him to victory in 2020. As voters head to the polls in Michigan's Democratic primary on Tuesday, there is a local campaign urging Democrats to choose "uncommitted" on the ballot as a form of protest vote again the administration's support for Israel in its war in Gaza. In January, Biden's reelection campaign manager, Julie Chavez Rodriguez, canceled a meeting with Arab American activists in Dearborn because of backlash over the administration's policies. The U.S. has sent billions of dollars in advanced weapons to supply Israel before and since the terror attack led by Palestinian militant group Hamas on Oct. 7. The assault killed some 1,200 people there and took a further 240 hostage, according to Israeli authorities. The Israeli military's response, which has been sharply criticized by numerous world leaders and aid organizations, has displaced some 1.9 million people in Gaza, according to the United Nations, and killed nearly 30,000, according to Gaza's Health Ministry, which is run by Hamas. The U.N. says that half a million people in the besieged enclave face starvation. Citizens queue for food that is cooked in large pots and distributed for free during war-time on December 28, 2023 in Rafah, Gaza. Ahmad Hasaballah | Getty Images Dearborn, Michigan, is home to the largest Arab American population in the U.S. At the time Rodriguez's Dearborn meeting was canceled, the city's mayor, Abdullah H. Hammoud, tweeted: "Little bit of advice – if you're planning on sending campaign officials to convince the Arab American community on why they should vote for your candidate, don't do it on the same day you announce selling fighter jets to the tyrants murdering our family members." A spokesperson for the White House wasn't immediately available when contacted by CNBC. The primary vote on Tuesday will essentially be a referendum on what many of the state's Democratic voters feel about Biden, and will be a harbinger of just how worried the Biden campaign should be about its level of support in Michigan when it comes time for the general election. Michigan's Arab American community voted overwhelmingly for Biden in 2020, helping him carry the state and defeat then-incumbent President Donald Trump. But its population could be the determining factor in whether Biden takes the state this year, and its crucial 15 Electoral College votes with it. U.S. President Joe Biden is welcomed by Israeli Prime Minster Benjamin Netanyahu, as he visits Israel amid the ongoing conflict between Israel and Hamas, in Tel Aviv, Israel, October 18, 2023. Evelyn Hockstein | Reuters "The U.S. election for President Biden could swing on two or three states," Fred Kempe, CEO of the Atlantic Council, told CNBC. "Take one of those states, Michigan, [which] Biden won by fewer votes in the last election than there are Arab American votes that could go against him, because of what's going on in the Middle East. So it's an international situation for Biden, it's also a deeply domestic political situation." Biden has voiced support for the creation of an independent Palestinian state, and has asked Israel to do more to protect civilian life in Gaza — but critics say the words are meaningless if the administration refuses to use its leverage to force the government of Israeli Prime Minister Benjamin Netanyahu to change course. The U.S. has consistently voted against every cease-fire measure put forward at the U.N. since the war began. Senior White House officials met with community leaders in Michigan on Feb. 8, during which U.S. deputy national security advisor Jon Finer vocally acknowledged the administration's actions and "missteps" with regard to the Israeli-Palestinian conflict and the war in Gaza. Pro-Palestinian demonstrators march during a visit by President Joe Biden in Warren, Mich., Feb. 1, 2024. Paul Sancya | AP "We are very well aware that we have missteps in the course of responding to this crisis since October 7," Finer said in recordings of the closed-door meeting published by The New York Times. "We have left a very damaging impression based on what has been a wholly inadequate public accounting for how much the president, the administration and the country values the lives of Palestinians," he continued. "And that began, frankly, pretty early in the conflict." Finer added that he did not "have any confidence in this current government of Israel." Michigan Gov. Gretchen Whitmer has warned voters against the "uncommitted" campaign, stressing that "any vote that's not cast for Joe Biden supports a second Trump term," which she said would be "devastating" for the Muslim community. A view of destruction with destroyed buildings and roads after Israeli Forces withdrawn from the areas in Khan Yunis, Gaza on February 02, 2024. Abdulqader Sabbah | Anadolu | Getty Images

https://www.cnbc.com/2023/10/24/oil-prices-rebound-on-israel-hamas-war-uncertainty.html

AIG

American International Group

Oil drops for third straight session on weak European economic data

An oil pump jack is seen in the Loco Hills region, New Mexico, U.S., April 6, 2023. Oil prices fell on Tuesday for the third straight session after a flurry of slow economic data from Germany, the euro zone and Britain weighed on the outlook for energy demand. Brent crude futures fell $1.76, or 2%, to settle at $88.07 a barrel, while U.S. West Texas Intermediate crude futures fell $1.75, or 2.1%, to close at $83.74 a barrel. Euro zone business activity data took a surprise downward turn this month, suggesting the bloc may slip into recession. German readings suggested a recession in that country is underway. Britain's businesses reported another monthly decline in activity, highlighting recession risks ahead of the Bank of England's interest rate decision next week. "There is definitely a dialogue on about the global economy being worse this week than it was last week," said Mizuho analyst Robert Yawger. "It does not help that a lot of the top bankers and financial experts are in Saudi Arabia today talking about how bad the economy is," Yawger added, referring to the Future Investment Initiative event dubbed "Davos in the Desert." In contrast to Europe, U.S. data showed business output ticked higher in October as manufacturing pulled out of a five-month contraction. The relative strength of the U.S. economy helped lift the dollar, making dollar-denominated oil more expensive for holders of other currencies. "As much as this market has been worried about the war in the Middle East and efforts from Saudi Arabia to tighten supply, demand has been a major headwind for a while now," said John Kilduff, partner at New York-based Again Capital. The release of hostages from Gaza and intensifying diplomatic efforts to contain the conflict between Israel and Hamas have also taken out the risk premium that helped push Brent prices to their highest in a month on Friday, Kilduff and Yawger said. Oil benchmarks had dipped more than 2% on Monday on the diplomatic efforts. Also on Tuesday, the International Energy Agency said it expects fossil fuel demand to peak by 2030 based on governments' current policies. In the United States, a weekly rise in crude stockpiles was expected in a preliminary Reuters poll. U.S. storage reports are due from the American Petroleum Institute industry group and from the U.S. Energy Information Administration.

https://www.cnbc.com/2023/09/15/is-russia-a-rogue-state-.html

AIG

American International Group

With outlaws for allies, is Russia becoming another 'rogue state'?

Russian President Vladimir Putin and North Korean leader Kim Jong Un during their meeting at the Vostochny Cosmodrome in the Amur region on Sept. 13, 2023. Vladimir Smirnov | Afp | Getty Images Under President Vladimir Putin, Russia has occupied an often contradictory and increasingly unsettling position on the global stage in recent years. On the one hand, Russia continues to hold onto "legacy" roles with a large degree of respectability and responsibility, such as being one of only five permanent members of the U.N. Security Council and a member of the G20. On the other hand, however, it has become closely allied to countries widely seen as international "rogue states" — such as North Korea, Iran, Belarus and Syria — and has displayed similar character traits by crushing political opponents at home and threatening the West with nuclear weapons, although the 2022 invasion of its neighbor Ukraine has gone a step further than other "outlaws." Russia's leaning toward so-called "rogue states" — loosely defined as those breaking international laws, sponsoring terrorism and posing a threat to the security of other nations and global peace — has been accelerated since it invaded Ukraine in early 2022, with a raft of international sanctions on Russian industry and individuals linked to the conflict, leaving Moscow largely isolated on the global stage. This has effectively forced it to count on countries like China and India to buy its oil exports and to turn to the clutch of allied "rogue states" as a source of potential military equipment and support. Some close followers of Russia believe Moscow, operating outside international law, is increasingly acting like a "rogue state" itself, particularly in its desire to challenge and subvert the West's dominance in global affairs. Russian President Vladimir Putin (R) meets with Syrian President Bashar al-Assad in the Black Sea resort of Sochi, Russia November 20, 2017. Sputnik | Mikhail Klimentyev | Kremlin | Reuters The visit by North Korean leader Kim Jong Un to Russia this week — that saw both countries pledge to deepen military and economic ties despite the concerns of nations like the U.S. and South Korea — showed Moscow was increasingly looking to both fracture the world order, and to benefit from that schism. "Russia is increasingly a rogue state: Its core relations are with countries outside a rules-based global order: Belarus, Iran, Syria, and North Korea," Ian Bremmer, the president and founder of Eurasia Group, told CNBC Monday. "These are countries that can't be effectively punished with threat of further sanction from the United States and NATO. They are already fully committed enemies. That limits the amount of further support Russia can count on but also means there's not much the Americans can do to respond other than make angry statements," he added. Bremmer said the visit by Kim to Russia, and pledge to deepen bilateral ties and to exchange military technology for Pyongyang's satellite program, showed that Russia was becoming "more risk acceptant and willing to engage in asymmetric warfare against its enemies more broadly." My enemy's enemy The old adage says that "the enemy of my enemy is my friend" and that can be applied to "rogue states," all of whom have turbulent and deeply troubled relations with the West. Rogue states have been bound, to a large degree, by their shared status as outlaws, largely one exacerbated by international sanctions restricting trade and transactions, and a shared ideological animosity toward Western values like democracy and freedom. The relationship between rogue states is often transactional, analysts say, with Russia's relations with North Korea appearing to be no different: Western intelligence suggests that Moscow is willing to offer Pyongyang food, financial assistance and military technology in return for weaponry it can use against Ukraine, for example, although Moscow and North Korea deny arms deals have taken place. Russian President Vladimir Putin (R) and North Korean leader Kim Jong-un (L) visit a construction site of the Angara rocket launch complex on September 13, 2023 in Tsiolkovsky, Russia. North Korean leader Kim Jong-un is in Russia for talks with Russian President Putin. Contributor | Getty Images News | Getty Images "The present global geopolitical situation is one of a polarised international order," Edward Howell, lecturer in politics at Oxford University and an expert on North Korea's domestic and foreign policy, told CNBC. "North Korea is continuing to exploit the fractured international order — in particular, the UN Security Council — since Russia's invasion of Ukraine in February last year," he added. "Pyongyang knows that Moscow and Beijing will oppose any UN Security Council sanctions resolutions on the DPRK [the Democratic People's Republic of Korea, North Korea's formal name], whether for human rights abuses or continued missile and nuclear development. At the same time, Russia knows it can count on its Cold War client to offer material assistance, at a time when it has few global allies," he said. Friends, with benefits Russian political analyst Anton Barbashin rejected the label of "rogue state" for Russia, however, saying Moscow continues to hold power and influence in a more global geopolitical sphere. Moscow still counts countries like China, India and Turkey as allies, for instance. "Russia can hardly be labelled a rogue state — given its status with UNSC, G20, to a certain extent BRICS — ability to influence energy market via OPEC+ [an alliance with fellow oil producers in OPEC] and general scale of trade and cooperation with China, India and even Turkey." "But the very fact Russia needs Kim is a marker of considerable decline of Russia's options," Barbashin told CNBC in emailed comments. OSAKA, JAPAN - JUNE 28: Russian President Vladimir Putin, Indian Prime Minister Narendra Modi and Chinese President Xi Jinping pose for a group photo prior to their trilateral meeting at the G20 Osaka Summit 2019 on June 28, 2019 in Osaka, Japan. (Photo by Mikhail Svetlov/Getty Images) Mikhail Svetlov | Getty Images News | Getty Images

https://www.cnbc.com/2023/07/06/opec-chief-says-the-search-is-on-for-new-members-of-the-oil-producers-group.html

AIG

American International Group

OPEC chief says the search is on for new members of the oil producers' group

Haitham al-Ghais, secretary-general of the Organization of Petroleum Exporting Countries (OPEC), speaking at the Energy Asia Summit on June 26, 2023. Bloomberg | Bloomberg | Getty Images The secretary-general of the Organization of the Petroleum Exporting Countries signaled that the influential producers' alliance is actively open to recruiting new members. Asked if he is trying to expand the OPEC coalition, the organization's secretary-general, Haitham al-Ghais, told reporters on Wednesday, "I am, yes." The group currently has 13 members, predominantly based in the Middle East, North and West Africa, and South America. At stake for the organization of oil producers is a battle to reconcile an outlook of tighter crude supply in the second half of the year, current macroeconomic worries and inflationary concerns. OPEC members coordinate the amount of oil they produce in an effort to influence prices. Ecuador exited the group in 2020 because of political circumstances, but in May was invited to rejoin the OPEC ranks, according to a letter from al-Ghais shared by the Ecuadorian Energy Ministry. "The Organization sees as a top priority that Ecuador joins the OPEC family again," the letter said. The Ecuadorian ministry did not reveal its response. Al-Ghais would not be drawn into disclosing the names of potential new members. He mentioned recent visits to oil-producing countries, however, including allies that currently implement a joint production strategy with OPEC countries, in a group known as OPEC+. "I was in Malaysia, I was in Brunei," he said, stressing that he had not necessarily invited these countries to join the organization. "I was in Azerbaijan, I was in Mexico." watch now Previous speculation about Guyana's potential membership saw OPEC state in late June that, while the South American country is "an emerging player in the international oil market with significant potential," it had not been invited to join. Asked about the requirements to become an OPEC member, al-Ghais said: "They have to be a net [oil] exporter, substantial, they have to have similar goals as OPEC. This is all mentioned very clearly in our statute. And I think many countries that I just named actually fit this profile. So … work in progress." Unanimity The secretary-general addressed reporters following an OPEC seminar conference in Vienna, where energy and oil ministers met on the sidelines. No new policies were announced, but ministers expressed appreciation for the additional oil production cuts of OPEC+ members Saudi Arabia, Russia and Algeria. On Monday, Saudi Arabia announced it would extend its voluntary 1 million barrels per day cut initially outlined for July into August, while fellow heavyweight Moscow said it would trim its exports by 500,000 barrels per day next month. Algeria also said it will reduce its production by 20,000 barrels per day in August. All three countries and several other OPEC+ members in April declared a separate set of output cuts totaling over 1.6 million barrels per day, which they have extended until the end of 2024. Al-Ghais emphasized that the voluntary reductions enacted by some OPEC+ countries did not suggest divisions in the policy views of coalition members. "When people can sit down and go through an agreement that goes all the way through, with a clear vision, into 2025, I think that's a sign of unanimity," he said. "These are sovereign country decisions. They are extra. We appreciate them. ... It does not in any way insinuate that there is a fragmentation." watch now Speaking to CNBC's Dan Murphy on Thursday, al-Ghais underscored the ongoing uncertainty that continues to cast a deep shadow on the oil price landscape. "There is a lot of ambiguity, I would say, in terms of some of the economic macro picture. [You] talk about banking issues in the U.S. You talk about recession fears, you talk about inflation still being dealt with. And I always want to remind people that we are not out of the woods in terms of Covid," he said. "The first half of the year, it hasn't really panned out the way it was expected not only by OPEC, I would say, but by most. So we're thinking that it could materialize in the second half of the year, with China opening up, maybe at a more rigorous rate than we've seen so far, [with] hopefully a settling of the economic conditions in the European and the U.S. systems." OPEC officials have in recent months flagged a disconnect between supply-demand fundamentals and global oil prices, which have absorbed the aftershocks of banking and economic turbulence since the start of the year. On Thursday, Brent oil futures with September expiry were up 12 cents per barrel from the previous settlement, hitting $76.77 per barrel at 12:43 p.m. London time. Focus on investment Echoing the comments of other OPEC officials, al-Ghais has also been advocating for simultaneous joint investment in fossil fuel projects and in renewables, in an effort to avoid energy supply deficits. Despite what he perceives as global underinvestment in hydrocarbons, he said that the OPEC alliance can still answer any potential supply crisis. "Part of the decision to reduce production is also good because it gives us more spare capacity, and OPEC has always managed to step up in case of any shock globally," al-Ghais said. "Spare capacity is tight, I would say. … And our countries are investing. When I talk about underinvestment, most of our countries, if not all of them, are investing. … But it's a global responsibility. OPEC cannot shoulder this on its own. We have to have everybody step up." watch now

https://www.cnbc.com/id/42918189

AIG

American International Group

American International Group IPO: Treasury at Odds With Banks on Pricing of AIG Offering

Officials from the U.S. Treasury Department, which owns 92 percent of AIG’s shares and expect to sell that stake down in chunks in the coming year or two, have indicated a desire to price the stock at level relatively close to its current trading price of about $31 , say these people. But some of the Wall Street underwriters who are working on the deal have argued that $30 is the highest the shares could possibly be priced, these people add, and believe that a considerably lower valuation, even $25 per share, would enable the Treasury to sell a good deal more stock, more quickly. » Read More

https://www.cnbc.com/id/49971526

AMT

American Tower

Lightning Round: American Tower, Sprint, Nvidia & More

Cramer makes the call on viewer favorites. Graftech International : This is an industrial and it needs the fiscal cliff to be resolved in order to rally sharply, said Cramer. This company will do terribly if the economy slows down. American Tower : If it pulls back, I'd buy, said Cramer. It's one of the best stories out there. Sprint : I like the stock, said Cramer. It may go down because of a recent deal but don't let that spook you.

https://www.cnbc.com/2019/05/03/the-drive-to-make-5g-a-reality-has-led-to-a-surge-in-demand-for-tower-climbers.html

AMT

American Tower

The drive to make 5G a reality has led to a surge in demand for tower climbers

Fifth-generation cellular wireless — better known as 5G — is beginning to come to life, with launches from major carriers like Verizon and AT&T . The technology, which promises increased speed and capacity for greater connectivity, is expected to fully take shape in the years to come. Today, information communication technology giant Ericsson is putting the infrastructure in place that is needed to make 5G a reality, and cell tower climbers like Jordan Robinson are in high demand to lay the groundwork. "I help you have cell service in hard-to-reach places," Robinson, a tower technician associate and Marine Corps veteran said. "Tower climbing is fun — you get to see miles and miles, just forest. Or you think you're in the middle of nowhere and climb 200 feet in the air, and there's a whole town not five minutes away. I like enjoying the views." Ericsson currently has some 350,000 towers across the U.S. already in place, and the company is expecting to grow that number to 1 million in the next four years as it partners with the major U.S. carriers for 5G nationwide. "Tower climbers are really the backbone behind the network. They climb infrastructures, whether its rooftops or major towers, and they actually assemble and construct the equipment on top of these cell towers that we all use every day," said Kevin Zvokel, head of networks at Ericsson North America. Ericsson said global mobile data traffic is expected to grow eight times by the end of 2023, so there's a real need for more efficient technologies. The company predicts that by 2023, 20% of the global population will be covered by 5G, with 1 billion 5G subscriptions, 9 billion mobile subscriptions, and 20 billion connected internet of things devices. Experts and industry advocates said 5G has the power to transform much more than just the technology space. Dell Technologies CEO Michael Dell told CNBC earlier this week that he is "giddy with excitement" about 5G and its capability to move data hundreds or thousands of times faster.

https://www.cnbc.com/id/46076652

AMT

American Tower

Lightning Round: Alcoa, American Tower, Sprint and More

Alcoa : There's not a lot of upside to this stock right now. He prefers Freeport-McMoRan instead. Ctrip.com : Cramer would rather go with American Express .

https://www.cnbc.com/2023/10/26/stocks-making-the-biggest-moves-midday-mrk-bmy-algn-and-more.html

AMT

American Tower

Stocks making the biggest moves midday: Merck, Bristol-Myers Squibb, Align Technology and more

Check out the companies making headlines in midday trading. Bunge — Shares of the global crop trader and processor popped 4.1% after the company lifted its 2023 outlook and reported better-than-expected profit for the third quarter. Bunge's earnings were lower year-on-year, however. Comcast — Comcast shares fell 8.4% after the telecom giant reported a loss in high-speed broadband subscribers. Advertising revenue from NBCUniversal was also weak. UPS — The shipping company saw shares decline 5.9% after releasing its third-quarter earnings report, which showed disappointing revenue. Full-year revenue guidance was also slightly below expectations. Hasbro — The toymaker tumbled 11.7% following a weaker-than-expected financial report for the third quarter. Hasbro earned $1.64 per share excluding items on $1.5 billion in revenue, while analysts polled by LSEG had anticipated $1.70 per share in earnings and revenue at $1.64 billion. Whirlpool — The home appliance company dropped 15.8% on Thursday after Whirlpool issued full year earnings guidance of about $16 per share. That's below a StreetAccount estimate of $16.16 per share. Bristol-Myers Squibb — Shares of the drug maker fell 6.2% after the company reported a decline in sales of its popular blood cancer drug, Revlimid, citing generic competition. Merck — Shares added 2.8% after the pharmaceutical company reported third-quarter revenue and adjusted earnings that topped expectations on strong sales of its blockbuster cancer drug, HPV vaccine and its Covid drug. Merck also raised its full-year sales forecast to $59.7 billion to $60.2 billion. Align Technology — The medical device maker dropped 24.9% on Thursday after missing Wall Street forecasts in the third quarter and offering weak guidance for current-quarter revenue. Align posted $2.14 in earnings per share excluding items and $960 million in revenue in the third quarter. Analysts polled by LSEG expected earnings of $2.26 per share and revenue at $995 million. American Tower Corporation — The American real estate investment trust added 8.1% on better-than-expected results for the third quarter. American Tower also announced Steven Vondran would succeed Thomas Bartlett as CEO, effective Feb. 1, 2024. ServiceNow — The workflow software company jumped 1.6% after posting third-quarter earnings and revenue that beat analyst expectations. ServiceNow's subscription revenue guidance for the current quarter also came in slightly above analyst expectations. Flex — The electronics manufacturer added nearly 11% after announcing its intention to spin-off all remaining interest in Nextracker to Flex shareholders. Additionally, the company boosted its guidance for its fiscal year ending in March 2024. It now expects earnings per share between between $2.49 and $2.66 ex-items, versus prior guidance between $2.35 and $2.55 per share. IBM — Shares of the technology conglomerate jumped 4.9% after the legacy firm posted third-quarter results that exceeded Wall Street estimates. IBM's overall revenue grew 4.6% year over year in the quarter, or 3.5% at constant currency. The company's Software unit produced $6.27 billion in revenue, up about 8%. — CNBC's Alex Harring, Yun Li, Lisa Kailai Han, Tanaya Macheel and Hakyung Kim contributed reporting. Disclosure: Comcast owns NBCUniversal, the parent company of CNBC.

https://www.cnbc.com/id/34524754

AMT

American Tower

Lightning Round: US Steel, Nordic American Tanker, American Tower and More

Nordic American Tanker : Cramer is bullish on NAT. “I think the stock is good,” he said, “I think the dividend goes higher.” Hartford Financial : While some investors say that Hartford needs more capital and others fear its commercial real-estate exposure, Cramer disagreed. He called the stock a buy. 10 Stocks to Buy Your Kids in 2010 American Tower : American Tower should be the beneficiary as municipalities continue to put up towers, Cramer said, as a way to generate tax revenues. So AMT is a buy. US Steel : “US Steel’s good,” Cramer said. But he likes Nucor even more. Call Cramer: 1-800-743-CNBC Questions for Cramer? madmoney@cnbc.com Questions, comments, suggestions for the Mad Money website? madcap@cnbc.com

https://www.cnbc.com/id/36318883

AMT

American Tower

Lightning Round: American Tower, Hasbro, Weatherford International and More

American Tower : Buy AMT, Cramer said. Weatherford International : Cramer is bullish on WTF. Hasbro : Cramer said he likes HAS under $40, though he recognized the stock has had a big run.

https://www.cnbc.com/2019/04/29/how-chinese-apps-like-tiktok-have-been-catching-on-with-us-consumers.html

AMT

American Tower

How Chinese apps like TikTok are quietly racking up American users

The Logo of social media app TikTok (also known as Douyin) is displayed on a smartphone on December 14, 2018 in Berlin, Germany. Mobile applications developed by some of China's biggest technology firms have been catching on with U.S. consumers in the past few years, underscoring how companies in the world's second-largest economy are expanding beyond their domestic market and Asia. In the first quarter of 2019, apps developed by Chinese firms or by companies with large Chinese investors, brought in revenues of $674.8 million in the U.S., according to data compiled by Sensor Tower for CNBC. The mobile app research firm only looked at the top 100 applications by revenue and downloads across Apple's App Store and the Google Play Store. The revenue accounted for 22 percent of the top 100 apps' total sales. This year's first-quarter haul marks a more than 67 percent year-on-year rise in revenue from the same period in 2018. Chinese technology firms have managed to expand into America despite the ongoing U.S.-China trade war and negative sentiment toward companies like Huawei from Washington. Viral hit TikTok was the third-most downloaded app in the U.S. in the first quarter, just behind Facebook Messenger and a game called "Color Bump 3D." TikTok is made by ByteDance, one of the most highly valued private technology firms in China. While it goes by the name of TikTok in the U.S., the app is known as Douyin in China. Changing names and branding have helped Chinese apps succeed with American users. "Chinese app publishers are becoming more adept at understanding what resonates with U.S. consumers, whether it be carving out a new niche in social media with apps such as TikTok or capitalizing on hot trends among Western gamers with battle royale titles including PUBG Mobile," Sanders Tran, a data analyst at Sensor Tower, told CNBC. "They have also greatly expanded their understanding of user acquisition in the U.S. market, which has allowed them to mount much more effective marketing campaigns. They've also backed these up with substantial spending, frequently topping the advertiser charts on Facebook and other mobile app install networks."

https://www.cnbc.com/select/when-are-taxes-due-2024/

AMT

American Tower

Tax Day 2024: Why millions of Americans don't have to pay taxes today

When are taxes due? The deadline for most taxpayers to file a federal tax return is Monday, April 15, 2024, at midnight local time. Because of the observances of Patriot's Day (April 15) and Emancipation Day (April 16), however, taxpayers living in Maine and Massachusetts have until Wednesday, April 17, 2024, to file federal returns. In addition, residents and businesses in the part of Connecticut, Maine, Rhode Island and West Virginia that have been declared FEMA disaster areas have until June 17, 2024, to file. When are state taxes due? Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming do not collect income taxes. For most of the states that do, the deadline is also April 15, 2024 at midnight local time. The following states have different deadlines: Massachusetts: April 17, 2024 Maine: April 17, 2024 Hawaii: April 22, 2024 New Mexico: April 30, 2024 (only for e-returns) Oklahoma: April 20, 2024 (only for e-returns) Delaware: April 30, 2024 Iowa: April 30, 2024 Virginia: May 1, 2024 Louisiana: May 15, 2024 For the most current information, consult with your state's Department of Revenue. When will I get my refund? If you filed your federal return electronically and are due a refund, the IRS says you can generally expect it within 21 days. (Enrolling in direct deposit will help you get your money faster, too.) If there is an issue with your return or if you filed a paper return, it may take longer. One of the easiest and fastest ways to get your refund is with an online tax-filing program: TurboTax's basic edition accepts Form 1040 and limited tax credits, and the company claims 37% of filers are eligible to use it for free. If you need to itemize your deductions, you can pay for TurboTax Deluxe Online for federal returns and state filing. It will also crosscheck over 350 deductions and credits to see if you qualify. TurboTax Learn More On TurboTax's secure site Cost Costs may vary depending on the plan selected - click "Learn More" for details Free version TurboTax Free Edition. ~37% of taxpayers qualify. Form 1040 + limited credits only. Mobile app Yes Live support Available with some pricing and filing options Click here for TurboTax offer details and disclosures. Terms apply. H&R Block's free online edition is also suited for simple returns, though it will process unemployment compensation and retirement income. If you need to itemize your deductions or report self-employment taxes, you'll want the paid deluxe edition, which comes with help from both live experts and H&R Block's AI tax assistant. A Refund Advance Loan from H&R Block can make up to $3,500 available the same day you file, with no loan fees or interest. H&R Block Learn More On H&R Block's secure site Cost Costs may vary depending on the plan selected (Free Online, Deluxe, Premium, or Self-Employed) - click "Learn More" for details Free version Yes (for simple returns only) Mobile app Yes Live support Available with some pricing and filing options Terms apply. When is the deadline to file a tax extension? The deadline to file a tax extension is April 15, 2024. You still need to make an estimated payment but you will have until Oct. 15, 2024, to file your final return. According to the IRS, "an extension of time to file your return does not grant you any extension of time to pay your taxes." More help: What happens if you don’t pay your taxes To request an extension, you can submit an online or paper version of IRS Form 4868. You can also submit some or all of the money you owe and indicate that it's for an extension. Each state has a process for requesting a tax extension. Many, including California and Illinois, offer an automatic six-month extension for state returns. Subscribe to the CNBC Select Newsletter! Money matters — so make the most of it. Get expert tips, strategies, news and everything else you need to maximize your money, right to your inbox. Sign up here. Bottom line The deadline for most taxpayers to file federal and state income taxes is April 15, 2024. although there are some exceptions. If you are expecting to receive a refund and file electronically, your money should arrive within 21 days. Why trust CNBC Select? At CNBC Select, our mission is to provide our readers with high-quality service journalism and comprehensive consumer advice so they can make informed decisions with their money. Every tax article is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of tax products. While CNBC Select earns a commission from affiliate partners on many offers and links, we create all our content without input from our commercial team or any outside third parties, and we pride ourselves on our journalistic standards and ethics. Catch up on CNBC Select's in-depth coverage of credit cards, banking and money, and follow us on TikTok, Facebook, Instagram and Twitter to stay up to date. Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.

https://www.cnbc.com/2018/04/12/doorman-brokered-30000-tabloid-deal-over-trump-paternity-rumor-reports.html

AMT

American Tower

Trump Tower doorman: They told me not to talk about housekeeper who allegedly had Trump's child

A former Trump Tower doorman was reportedly paid $30,000 in late 2015 for his signing over the rights to a story about an unsubstantiated rumor that President Donald Trump fathered a child with a former employee, multiple outlets reported. The doorman, Dino Sajudin, released a statement Thursday confirming that he had an agreement with tabloid publisher American American Media Inc. regarding the story. Today I awoke to learn that a confidential agreement that I had with AMI (The National Enquirer) with regard to a story about President Trump was leaked to the press. I can confirm that while working at Trump World Tower I was instructed not to criticize President Trump's former housekeeper due to a prior relationship she had with President Trump which produced a child. Sajudin's law firm, Held & Hines, later told NBC News that Sajudin's lawyers sent the statement, and that he has not released the information that is being leaked to news outlets. On Wednesday, Radar Online, a sister publication of the Enquirer, revealed that Sajudin, was given the money for the rights to his story in late 2015, as Trump was running for president. However, Sajudin's account was not published by American Media, the owner of both Radar and the Enquirer, until Wednesday, long after Trump became president. Sajudin's deal is at least the second case in which AMI is known to have paid for rights to a story about an extramarital affair about Trump that it did not publish. In March, former Playboy model Karen McDougal who says she had an affair with Trump, sued AMI seeking to void her own alleged $150,000 exclusivity deal. Trump's longtime personal lawyer, Michael Cohen, paid porn star Stormy Daniels $130,000 shortly before the 2016 election for what she has said was her silence about an affair with Trump a decade earlier. The New Yorker magazine and the Associated Press had reported earlier Thursday that the woman that Sajudin referred to was an employee at Trump World Tower, located near the United Nations building in Manhattan.

https://www.cnbc.com/2020/10/01/american-dream-reopens-putting-triple-fives-strategy-to-the-test.html

AMT

American Tower

The American Dream megamall in New Jersey reopens, putting Triple Five's experience strategy to its biggest test

American Dream megamall and entertainment complex in East Rutherford, N.J., seen on Oct. 25, 2019. Timothy A. Clary | AFP | Getty Images It was March 16 — just three days ahead of the grand opening of dozens of retail stores at the American Dream megamall in New Jersey — when the 3-million-square-foot complex shut down due to the coronavirus pandemic. Ongoing construction was halted. Attractions, like a Nickelodeon Theme Park that opened in the fall and an indoor ski slope that opened during the winter, were closed. And a VIP event to celebrate the debut of the DreamWorks Animation Water Park was called off. Triple Five Group, the property's owner, hoped it would be a short delay — just another in a series of setbacks the project has seen over its nearly two-decade-long history. Thursday morning, Triple Five tries again. watch now Almost seven months later, American Dream is finally swinging open its doors to the public. Visitors will be able to purchase tickets to attractions including an NHL regulation-size ice rink, an indoor ski slope and an Angry Birds-branded mini golf course. Retailers including Zara, Lush, Primark, Aritzia and American Eagle , will also open there for the first time. The Covid-19 pandemic has upended the retail industry: It has pushed dozens of companies into bankruptcy court and resulted in thousands of layoffs. It'Sugar, which boasts a towering candy store next to the water park at American Dream, filed for bankruptcy protection last month. A location planned in the megamall's luxury wing for Barneys New York, which liquidated after filing for bankruptcy last year, must still be filled. These tenants' troubles affect Triple Five, which also operates the Mall of American in Minnesota. The property owner has struggled to pay its own bills during the pandemic. Triple Five remains more than 90 days delinquent on its $1.4 billion mortgage for Mall of America, according to Trepp, a New York-based research firm that tracks the commercial mortgage-backed securities market. The value of the mall was recently reduced to $1.94 billion from $2.3 billion, Trepp said. And Triple Five actually used Mall of America, the largest U.S. mall, as collateral for an American Dream loan. American Dream co-CEO Don Ghermezian told CNBC in an interview in early April, shortly after the megamall was shut: "The difficulty we are going though now ... if tenants don't want to pay rent, my response is: 'I have got to pay a mortgage. I borrowed money. I have got to pay back my lenders.'" A spokeswoman for Triple Five told CNBC this week: "We are making positive progress with our lenders, and reopening American Dream is another step forward." watch now With Thursday's grand reopening comes hope for fresh revenue. American Dream's owners are betting on restless parents bringing their kids to ride roller coasters for the afternoon, with their masks on. They're betting on nearby New York residents hopping over on the train to complete their holiday shopping, albeit socially distanced. New Jersey, which is home to some of the best-performing malls in the country, doesn't have anything quite like American Dream, which sparks some optimism. "If you're going to go one place ... post-Covid with your family, first, you want to go somewhere where you feel safe," Mark Ghermezian, co-CEO of American Dream and Don's cousin, said during an interview from the complex earlier this week. "Our whole thing is, if we can get people to come in to buy tickets and come to experiences, then our shopping and food will flourish." Even as spending picks up online at a record clip during the pandemic, instilling new and permanent consumer behaviors, American Dream is still betting big on brick-and-mortar retail, though the mall skews heavier on entertainment tenants. "We believe, if you're going to choose to go shopping somewhere, you're going to go somewhere that's new and fresh and exciting and different," Mark Ghermezian said. "I think this [pandemic] is just going to accelerate what's happening" in retail, he added. "What I mean by that is, a lot of the C- and D-player malls or C- and D-store concepts, right, may not be around for much longer. It accelerates the value of our centers and what we're doing." Source: Lauren Thomas, CNBC American Dream will put Triple Five's model of touch-and-feel experiences alongside retail to the test. "We don't view ourselves as a shopping center," Mark Ghermezian said. "We're a destination." The pandemic has prompted Triple Five to put in place a number of safety precautions. Capacity at the center will be capped at 25%, to allow for social distancing. Facial coverings are required — unless you're going down one of the water slides. Visitors to the Nickelodeon Universe Theme Park and DreamWorks Water Park will have their temperatures checked through thermal body scanners. Operating hours will be reduced. And fresh signage throughout the mall is embellished with its new "#DreamSafe" motto. The retailers at the megamall will open on a rolling basis, according to the Ghermezians. The luxury wing, which includes a sprawling Saks Fifth Avenue department store, Gucci, Hermes and Louis Vuitton, is now slated for a March debut. Many of the food options are still being completed and are expected to open up this year or next. But the industry's turmoil is ongoing, on pace to rival 2010, when 48 retailers filed for bankruptcy coming out of the Great Recession, according to BDO USA. The professional-services firm tracked 18 retailers filing for Chapter 11 protection during the first six months of 2020, followed by another 11 from July to mid-August. Many of the tenants at American Dream and Mall of America have been looking for breaks on rent, due to the pandemic, which caused prolonged store closures, according to Triple Five. And while rent collection appears to be ticking back up, tensions between tenants and their landlords persist industry wide, likely lasting into 2021. 'You've got to give them credit' And so as American Dream reopens with retail Thursday morning, it will go head to head with a some nearby shopping malls in New Jersey, including Brookfield's Paramus Park and Westfield Garden State Plaza. "They were thrown a number of obstacles, but you've got to give them credit, as this is maybe their third try," said Mark Hunter, managing director of retail assets for the commercial real estate services firm CBRE. "You've got to take a step back and say, 'There are not too many developers that would have the wherewithal to pull this off.'" CNBC visited the American Dream megamall for a tour earlier this week. Here's a look inside.

https://www.cnbc.com/2019/10/25/american-dream-mall-a-first-look-inside-the-5-billion-project.html

AWK

American Water Works

Here's a first look inside the $5 billion American Dream mall

Visitors finally took their first steps inside the American Dream mall on Friday. The mall, located by MetLife stadium in East Rutherford, New Jersey, was once called "the ugliest damn building in New Jersey and maybe America," by former New Jersey Gov. Chris Christie. Construction has been on and off for several years, after hitting several road blocks in everything from funding to lawsuits from the NFL. More than 17 years later, CNBC got a peek inside the partially opened center. (Only the ice rink and Nickelodeon theme park are open as of now.) An estimated 2,500 people visited the mall on Friday, according to an American Dream press release. They waited in long lines for everything from food to rides — and to take their pictures with characters like Spongebob. On Friday, some parking spots we saw cost up to $45. On its website, American Dream lists parking prices listed for $3-$24. Phil Murphy, the governor of New Jersey, called the first phase opening a "great first step." "There's that great line, 'I don't know how to define it, but I'll know it when I see it.' This feels like it's a success," he said.

https://www.cnbc.com/2023/02/28/new-tiktok-ban-is-poised-to-advance-in-congress-.html

AWK

American Water Works

New TikTok ban is poised to advance in Congress

WASHINGTON — The U.S. House Foreign Affairs Committee plans to take up legislation Tuesday that would give President Joe Biden the authority to ban TikTok, the Chinese social media app used by more than 100 million Americans. The panel is scheduled to vote on a series of China-related bills Tuesday afternoon, including one that would revise the longstanding protections that have shielded distributors of foreign creative content like TikTok from U.S. sanctions for decades. Introduced last Friday, H.R. 1153 is expected to pass the committee on Tuesday. The bill that could ultimately ensnare TikTok, owned by China's ByteDance, only has one sponsor, the committee's newly seated Republican chairman, Texas Rep. Mike McCaul. Typically, a bill this new, with only one sponsor, would not move to committee votes just days after it was introduced. But the choice of which bills will advance through a committee is made by each committee's chairman, so McCaul's sponsorship is effectively all the bill needs. If the measure is approved by a majority of the committee members and referred to the full House for a vote, as expected, H.R. 1153 will effectively leap frog several other proposals to ban TikTok that were previously introduced in the House and Senate, but haven't yet advanced through the committee process. After that, McCaul's bill would likely pass the Republican-controlled House easily. But its fate in the Democratic majority Senate is unclear. Despite the bitter divisions between the two parties on nearly every major issue, there is one thing both Democrats and Republicans overwhelmingly support: proactive measures to stem China's growing global influence. And H.R. 1153 could do that. In practical terms, the bill would revise a group of rules known as the Berman amendments that were first enacted near the end of the Cold War, intended to shield "informational materials" like books and magazines from sanctions-related import and export bans. Over time, however, the Berman amendments were expanded into a broad rule that courts interpreted as prohibiting the government from using sanctions powers to block trade in any informational materials, including digital content, to or from a foreign country. In 2020, TikTok argued successfully in court that it was covered by the Berman amendments exemption when it beat back attempts by the Trump administration to ban its distribution by Apple and Google app stores. McCaul told CNBC his bill would change this. "Currently the courts have questioned the administration's authority to sanction TikTok. My bill empowers the administration to ban TikTok or any software applications that threaten U.S. national security," McCaul said in a statement Monday. Under McCaul's bill, the Berman amendments exemptions that have protected TikTok in the past would no longer apply to companies that engage in the transfer of the "sensitive personal data" of Americans to entities or individuals based in, or controlled by, China. On first reading, McCaul's legislation appears to be broader than some of the other TikTok bills that have been introduced so far. Critics and TikTok lobbyists have argued that those prior bills amounted to punishing the company for a crime outside the legal system. They also argue that any ban is tantamount to censorship of content protected by the First Amendment. "It would be unfortunate if the House Foreign Affairs Committee were to censor millions of Americans," TikTok spokeswoman Brooke Oberwetter told CNBC in an email Monday. TikTok is no stranger to rough political waters, having been in the crosshairs of U.S. lawmakers since former President Donald Trump declared his intention to ban the app by executive action in 2020. At the time, ByteDance was looking to potentially spin off TikTok to keep the app from being shut down. In September 2020, Trump said he would approve an arrangement for TikTok to work with Oracle on a cloud deal and Walmart on a commercial partnership to keep it alive. Those deals never materialized, however, and two months later Trump was defeated by Biden in the 2020 presidential election. The Biden administration kept up the pressure. While Biden quickly revoked the executive orders banning TikTok, he replaced them with his own, setting out more of a road map for how the government should evaluate the risks of an app connected to foreign adversaries.

https://www.cnbc.com/2022/09/17/alaska-braces-for-floods-power-outages-as-huge-storm-nears.html

AWK

American Water Works

Flood waters receding after storm batters western Alaska

A home is seen floating in the Snake River near Nome, Alaska, on Saturday, Sept. 17, 2022. Much of Alaska's western coast could see flooding and high winds as the remnants of Typhoon Merbok moved into the Bering Sea region. The National Weather Service says some locations could experience the worst coastal flooding in 50 years. Floodwaters were receding in parts of western Alaska battered by the worst storm in a half century, leaving behind debris flung by powerful Bering Sea waves into beaches and seaside communities. The remnants of Typhoon Merbok were weakening Sunday as the storm system moved north from the Bering Strait into the Chukchi Sea on Alaska's northwest coast, where it still threatens smaller communities, said National Weather Service meteorologist Kaitlyn Lardeo. "This guy is going to hang out in the Chukchi Sea for the next few days and just rapidly weaken because it's so stationary," she said. Several communities reported homes were knocked off their foundations by the force of the incoming water, often propelled by winds gusting near 70 miles per hour (113 kilometers per hour). One house in Nome floated down a river until it got caught under a bridge. Many homes were flooded and about 450 residents on the western coast sought refuge in shelters, with more than half of them at a school in Hooper Bay, where they ate processed moose donated by village residents. Others rode out the storm on higher ground outside their communities. It was a massive storm system — big enough to cover the mainland U.S. from the Pacific Ocean to Nebraska and from Canada to Texas. It influenced weather systems as far away as California, where a rare late-summer storm dropped rain on the northern part of the state, offering a measure of relief to wildfire crews but also complicating fire suppression efforts because of mud and loosened earth. The storm's crashing waves caused widespread flooding and damage along 1,000 miles (1,609 kilometers) of the Alaska coastline, Alaska Gov. Mike Dunleavy said. There have been no reports of injuries, deaths or missing people in Alaska, the governor said during a Sunday news conference. A child reported missing Saturday was later found, he said. Dunleavy said roads are damaged and state officials are assessing potential damage to seawalls, water and sewage systems, airports, and ports. He identified five communities — Hooper Bay, Scammon Bay, Golovin, Newtok and Nome — as being greatly impacted by a combination of high water, flooding, erosion and electrical issues in either the towns or their airports. Emergency management and American Red Cross personnel will deploy to those communities as soon as Monday, while Alaska National Guard members will be sent to Nome, Bethel and Hooper Bay to assist residents. Red Cross volunteers from the Lower 48 will also conduct needs assessments for food, water and shelter in other flooded villages. The storm caused Nome's highest water level since 1974 — 11.1 feet (3.38 meters) above the normal tide — and other communities may have surpassed levels seen in 48 years ago. "One of the big features of this storm was the wide swath of significant damage," said Rick Thoman, a climate specialist with the International Arctic Research Center at the University of Alaska Fairbanks. "So, did it live up to the hype? I would say absolutely," he said of the storm. Becca Luce and her family live about a half mile from the Bering Sea coast in Nome. "We have a pretty good view of the ocean from our living room," she said. "We could see the waves crashing from our window and going over the road." Nome itself was inundated, including Front Street, the city's main business thoroughfare that also doubles as the finish line for the Iditarod Trail Sled Dog Race. One downtown restaurant, the Bering Sea Bar and Grill, was destroyed by fire Saturday night, but the cause and whether it was related to the storm is not yet known, said interim city manager Bryant Hammond. The receding water revealed the detritus left in streets and yards, including trash, logs and other organic debris, rocks, and asphalt, Hammond said. Part of a highway was washed out in Nome, forcing residents to use a bypass to reach the community of Council, adding up to 15 miles (24 kilometers) to the 72-mile (116-kilometer) trip, he said. "Another major concern is that freeze-up is near, and all of this damage to the roads will need to be repaired before the month ends," Luce said, using the local term for the onset of winter, which is in October in many parts of Alaska. "And it's hard to say if that will be possible, especially for the remote village villages without as many resources as Nome has." Dunleavy, who issued a state disaster declaration Saturday and is considering seeking a federal disaster declaration, said Alaska officials intend to get communities up and running again as soon as possible. "We just have to impress upon our federal friends that it's not a Florida situation where we've got months to work on this," he said. "We've got several weeks." The rain in Northern California helped firefighters increase containment on the biggest wildfire in the state so far this year. The Mosquito Fire in the Sierra Nevada foothills northeast of Sacramento was 34% contained after downpours early Sunday. More rain was expected, which fire spokesman Scott McLean called a mixed blessing. "It did help a bit to stifle that aggressive fire," McLean said. "But we're going to have new safety issues now with all the mud that's out there. And the ground moisture could cause some of those damaged trees to fall over." An average of a quarter-inch (2 centimeters) of rain fell overnight across Marin, Napa and Sonoma counties north of San Francisco, with more than double that amount recorded in some mountain areas, the National Weather Service said. Winds gusting up to 40 mph (64 kph) were forecast Sunday along Northern California coastal areas and at higher elevations in the Sierra Nevada. Gusts that strong can blow down branches and drought-stressed trees and cause power outages, warned weather service meteorologist Ryan Walbrun. He said thunderstorms were expected on and off until at least Monday.

https://www.cnbc.com/2024/02/05/turkeys-new-central-bank-governor-seen-as-a-credible-choice.html

AWK

American Water Works

Turkey's new central bank governor, formerly at Amazon and New York Fed, seen as a 'credible choice'

Turkey's newly appointed central bank governor, Fatih Karahan, has his work cut out for him, after being named to the job by presidential decree over the weekend following the sudden resignation of his predecessor, Hafize Gaye Erkan. Previously the central bank's deputy governor, Karahan's resume features years spent in prominent American institutions and companies. He received both a master's degree and doctorate in economics at the University of Pennsylvania, spent nearly a decade as an economist at the Federal Reserve Bank of New York, worked as a part-time lecturer at Columbia University and New York University, and served as a senior economist at Amazon. It is hoped that the 42-year-old economist's experience will serve him well as he heads the institution working to tackle the eye-watering inflation and cost-of-living crisis that has hit Turkey's population of 85 million. The country's currency, the lira, is down 38% against the dollar year to date and has lost more than 80% of its value against the greenback over the last five years. Turkey's consumer price index print came out Monday showing a roughly 65% increase year on year for the month of January. Its central bank has made eight consecutive interest rate hikes since May 2023 — for a cumulative 3,650 basis points — in an effort to rein in soaring inflation. The latest rate increase, on Jan. 25, raised Turkey's key interest rate by 250 basis points to 45%, though its leaders signaled at the time that the hiking cycle was at its end. While painful for the country, investors and economists say that the rate hikes have been necessary and that continuity in monetary policy priorities will engender confidence in the new central bank chief. In his statement posted to the Turkish central bank's website Sunday, Karahan stressed "price stability" as his team's main priority, vowing to "ensure disinflation" and "maintain the necessary monetary tightness until inflation falls to levels consistent with our target."

https://www.cnbc.com/2018/04/11/cape-town-water-crisis-cities-should-prepare-for-water-scarcity.html

AWK

American Water Works

Cities around the world should prepare for running out of water, experts say

It's called "Day Zero": when Cape Town, South Africa's bustling port city, sees its water taps run dry, and its population thrust into a perilous situation. Originally projected for this year, the impending crisis has been delayed in part by severe measures — the city instituted restrictions that amount to less than one sixth of an average American's water consumption. Yet despite that effort, "Day Zero" is still projected to arrive next year. And when it comes, the crisis will see the government switching off all the taps and rationing the resource through collection points. watch now That future isn't just Cape Town's. It's a scenario cities around the globe may face, experts say. It may be hard to fathom just how cities could be at risk of a water scarcity crisis when approximately 70 percent of the world is made up of the resource. The stark reality, however, is that the percentage of fresh water probably only amounts to about 2.5 percent, according to often-cited assessments. A public swimming pool, in a suburb of Cape Town has been emptied due to local water restrictions on March 6, 2018. Morgana Wingard | Getty Images Even then, a significant supply is locked up in ice and snow, which means just 1 percent of all fresh water is easily accessible to the global population. Inequality in access to water is also quickly becoming a problem. While the affluent can find ways to get access to water— through deliveries or in-built tanks — poorer populations are left to their own devices. That situation oftentimes leads to water theft — for profit, for survival, or for both. A 'wake-up call' A nation's development has frequently come at the cost of undercutting its sources of clean water, Betsy Otto, director of the World Resources Institute's global water program told CNBC. "For example, quite a bit of scientific evidence has shown that deforestation changed the hydrological cycle in the Amazon," she said. Although water scarcity is a very real and pervasive problem, experts said most cities are not immediately at risk of running out of water. Still, it is extremely important that water scarcity is acknowledged as a global problem because cities should begin working on unique solutions to local problems now, according to Rebecca Keller, a senior science and technology analyst at intelligence firm Stratfor "It won't be the same exact scenario that Cape Town is facing," Keller said. "It might be pollution, drought, drier climates or significant population growth." An indian woman carries drinking water in steel and plastic containers, walking towards her temporary shelters in Rataiora Village on December 15, 2016. NurPhoto | Getty Images The troubles faced by Cape Town should serve as a "wake-up call" for other countries about the realities of increasing water stress, Otto said. Water stress occurs when demand for the resource exceeds the available supply. It taxes the reserves and may lead to deterioration of fresh water resources. In recent years, California faced a drought that lasted years, Australia survived the millennium drought, and Sao Paulo faced a water shortage crisis in 2015 due to both drought and inefficient infrastructures. Otto summed up the global state of preparedness for water scarcity, saying: "We've either under-invested in measures or allowed existing structures to fall apart." Water theft The United Nations' 2010 recognition of water as a human right has complicated the issue of water theft, said Vanda Felbab-Brown, a senior fellow in the foreign policy program at think-tank the Brookings Institution. "The right to water does not mean the right to free water," Felbab-Brown explained, saying many people had misunderstood the UN. "In the same manner that people have to pay for food, they should expect to pay for safe water." That sentiment hasn't stopped outright water theft on a large scale in countries like Brazil, India and Mexico. Companies and individuals illegally tap into pipelines and reservoirs, or they find other ways to avoid water meters. There's no single solution to the issue, however, as the context of water theft varies between places, Felbab-Brown said. But, she pointed out, better law enforcement, water monitoring, and creating comprehensive databases, are good starting points for governments. "Governments need to recognize that they can't just apply law enforcement without providing legal alternatives," she added. As of now, water smuggling mostly operates within countries' borders, but it will eventually occur on an international scale, Felbab-Brown said. Ethiopian construction workers working on the Grand Renaissance Dam near the Sudanese-Ethiopian border on March 31, 2015. Zacharias Abubeker | AFP | Getty Images That could become a point of geopolitical tension between countries dealing with transboundary water issues, Keller said. For an example of international water tensions, take the construction of the Grand Renaissance Dam in the Nile, a $4 billion hydroelectric project financed by Ethiopia. It's left Egypt fearing a potential disruption to its fresh water supply. Controling demand Mitigating water scarcity has proven to be a tricky political subject because, in many countries, environmental or climate solutions tend to have a hard time gathering enough political support to become a reality. It is also extremely expensive to build out new water supplies, dams and desalination plants. "Unless there is an acute event — a severe drought for example — it is the [political] constraints that play out in a long time frame," Keller said. Consequently, many governments have done little to guide their citizens on water-efficient behavior. That can be implemented through price controls, Otto said, but it's rarely a popular measure. "There should be two tiers of pricing. Conservation pricing, which charges the minimum amount for water that is sufficient for basic needs, should be provided at low rates. Discretionary water use, which is anything beyond the necessary amount, should be charged more," Otto said. On a national level, she said, governments should encourage conversation about conservation issues. That is, saving water will always be cheaper than building or drilling for new sources, Otto added. The good news, experts said, is there will be time for governments to start preparing for a Day Zero scenario. "It's not going to be a surprise. The city is not going to run out of water suddenly," Keller said. WATCH: Michael Phelps on the quest to 'Save Water'

https://www.cnbc.com/2018/07/06/americans-already-living-epa-rollbacks-under-pruitt.html

AWK

American Water Works

Americans already living EPA rollbacks under Pruitt

EPA Administrator Scott Pruitt speaks at the Faith and Freedom Coalition Road to Majority Policy Conference, at the Omni Shoreham Hotel, on June 8, 2018 in Washington, DC. For 37 mostly female farm-workers in California’s Central Valley, U.S. policy under Environmental Protection Agency chief Scott Pruitt became personal not long after sunup one day in May 2017. Picking cabbage that morning, the workers noticed a tarry smell drifting from a nearby orchard. Mouths and lips tingled or went numb. Throats went dry. Soon some workers were vomiting and collapsing. Officials in California’s farm-rich Kern County, where the workers fell ill, concluded that the harvesters were reacting to a pesticide, chlorpyrifos, misapplied at the neighboring orchard. Five weeks before, in one of his first acts at EPA, Pruitt had reversed an Obama-era initiative to ban all food crop uses of the pesticide, which damages the brain and nervous system of fetuses and young children and has been prohibited as a household bug-killer since 2001. While the new ban would not have gone into effect by the time of the Central Valley incident, Pruitt’s action postponed any further consideration of barring the popular bug-killer on food crops at least through 2022. Chlorpyrifos is crucial to agriculture, and the farms using it need “regulatory certainty,” Pruitt’s EPA said in announcing his March 2017 decision, using a phrase that would become a watchword for his business-friendly environmental rulings. In all, the Trump administration has targeted at least 45 environmental rules, including 25 at EPA, according to a rollback tracker by Harvard Law School’s energy and environment program. The EPA rule changes would affect regulation of air, water and climate change, and transform how the EPA makes its regulatory decisions. Pruitt, who resigned Thursday after months of ethics scandals, announced many of the policy changes quickly, and former EPA officials and environmental group predict that his proposed rollbacks will be vulnerable to court challenges. “The world is focusing on Pruitt and his indiscretions, but they’re minuscule when you look at the impact of that change” on decision-making, said Chris Zarba, who quit this year as coordinator of two of the agency’s science advisory panels. He was referring to allegations, now the subject of several federal investigations, about Pruitt’s lavish spending on travel and security, including a $43,000 soundproof telephone booth, and claims that he misused his office for personal gain, including seeking a fast-food franchise for his wife. “This is not phone booths and Chick-fil-A issues,” Zarba said. “This is Americans’ lives.” EPA spokesman Lincoln Ferguson defended the agency’s work under Pruitt, although some achievements Ferguson noted were largely completed in previous administrations. “The science is clear, under President Trump greenhouse gas emissions are down, Superfund sites are being cleaned up at a higher rate than under President Obama, and the federal government is investing more money to improve water infrastructure than ever before,” the EPA spokesman said in a statement. The EPA declined to make an official available to speak directly on Pruitt’s policy initiatives. Among Pruitt’s actions and proposals: Climate change President Donald Trump, who famously called manmade climate-change an “expensive hoax” before his election, declared last summer that the United States would pull out of the Paris global accord on cutting climate-changing emissions from coal plants and other sources. Pruitt, for his part, said he doesn’t believe humans are one of the main causes of climate changes. Pruitt in October formally proposed the repeal of an Obama-era rule targeting climate-changing emissions from electricity plants powered by coal and other fossil fuels, part of his pro-coal and gas policies. “The war against coal is over,” Pruitt told Kentucky coal miners then. The Obama rule would have cut power plant emissions by one-third. The Obama administration projected that it would prevent up to 6,600 premature deaths a year from air pollution. Clean air Pruitt’s other proposals affecting clean air include allowing truck-builders to retrofit new tractor-trailer bodies with old diesel engines that were built before tougher pollution standards. He called the Obama administration’s ban on the dirtier truck engines an example of regulatory overreach that “threatened to put an entire industry of specialized truck manufacturers out of business.” Though just a tiny niche in overall truck sales, the Obama administration said the retrofitted trucks would account for up to 1,600 early deaths each year from the soot alone. Clean water Pruitt suspended an Obama-era version of a rule that ultimately governs what farmers, ranchers and businesspeople must do to protect water flowing through their property on its way to lakes, oceans and bays. The so-called Waters of the United States rule impacts the water supply for people and wildlife. Pruitt, who had not yet publicly released his rewritten version of the rule when he resigned, told Nebraska farmers that his version would provide clarity and regulatory reform. “That’s how you save the economy $1 billion dollars,” he added. Americans already are living with results of slowdowns and rollbacks in environmental regulation, said Elizabeth Southerland, who resigned last year as director of science and technology of the EPA’s Office of Water. “Everybody in the country is now exposed to ongoing pollution, future environmental crises, because so many of these are being repealed,” Southerland said. Science Pruitt boosted industrial and business representation on panels that advise the EPA. Other Pruitt changes called for more consideration of the costs of environmental rules. And a major Pruitt change would allow EPA decision-makers to consider only studies for which all the underlying data is available. Supporters say those changes are broadening the EPA’s decision-making and making it more transparent. Opponents said that change could throw out the kind of decades-long public-health studies, using confidential patient information, that drove landmark regulation of air pollutants and other threats. Pesticides Pruitt also paused or slowed action on some other regulations that were started but not completed during the Obama administration, as with chlorpyrifos. Chlorpyrifos used as directed offers “wide margins of protection for human health and safety,” said Gregg M. Schmidt, spokesman for DowDupont Inc., maker of the pesticide. Industries said Pruitt’s EPA is giving business and economic impacts the consideration and input that past administrations long denied them. “This is about how you find the appropriate balance here, where we can continue to make significant progress in environmental and health protection while continuing to benefit the economy,” said Mike Walls, vice president of regulatory and technical affairs at the American Chemistry Council trade group. “The fact that industry no longer has an adversary in its government, and specifically at the EPA, is a huge step forward in common sense regulation,” said Ashley Burke of the National Mining Association. The mining group’s members include coal companies, which stand to benefit from proposed Pruitt rollbacks of Obama-era initiatives on fossil-fuel power plants and disposal of toxic coal ash. A retreat Pruitt had put on hold the Obama administration’s attempt to ban consumer sales of paint strippers containing the compound methylene chloride. But he reversed course in May after meeting with families of men who died after using paint stripper. Brian Wynne, brother of 31-year-old Drew, is grateful. But if Pruitt’s EPA had never stayed the rule in the first place, Brian Wynne believes, methylene chloride may already have been out of stores by fall 2017, when his brother went to a South Carolina home-goods store to buy paint stripper to use on the floor of his cold-brew coffee company. Drew Wynne was found dead at the business last October, killed by methylene chloride, according to coroners.

https://www.cnbc.com/2018/01/09/trumps-epa-aims-to-replace-obama-era-climate-water-regulations-in-2018.html

AWK

American Water Works

Trump's EPA aims to replace Obama-era climate, water regulations in 2018

The U.S. Environmental Protection Agency will replace Obama-era carbon and clean water regulations and open up a national debate on climate change in 2018, part of a list of priorities for the year that also includes fighting lead contamination in public drinking water. The agenda, laid out by EPA Administrator Scott Pruitt in an exclusive interview with Reuters on Tuesday, marks an extension of the agency's efforts under President Donald Trump to weaken or kill regulations the administration believes are too broad and harm economic growth, but which environmentalists say are critical to human health. "The climate is changing. That's not the debate. The debate is how do we know what the ideal surface temperature is in 2100? ... I think the American people deserve an open honest transparent discussion about those things," said Pruitt, who has frequently cast doubt on the causes and implications of global warming. Pruitt reaffirmed plans for the EPA to host a public debate on climate science sometime this year that would pit climate change doubters against other climate scientists, but he provided no further details on timing or which scientists would be involved. Pruitt said among the EPA's top priorities for 2018 will be to replace the Clean Power Plan, former President Barack Obama's centerpiece climate change regulation which would have slashed carbon emissions from power plants. The EPA began the process of rescinding the regulation last year and is taking input on what should replace it. "A proposed rule will come out this year and then a final rule will come out sometime this year," he said. He did not give any details on what the rule could look like, saying the agency was still soliciting comments from stakeholders. He said the agency was also planning to rewrite the Waters of the United States rule, another Obama-era regulation, this one defining which U.S. waterways are protected under federal law. Pruitt and Trump have said the rule marked an overreach by including streams that are shallow, narrow, or sometimes completely dry s and was choking off energy development. Pruitt said that in both cases, former President Barack Obama had made the rules by executive order, and without Congress. "We only have the authority that Congress gives us," Pruitt said. Pruitt's plans to replace the Clean Power Plan have raised concerns by attorneys general of states like California and New York, who said in comments submitted to the EPA on Tuesday that the administrator should recuse himself because as Oklahoma attorney general he led legal challenges against it.

https://www.cnbc.com/2022/05/04/the-salton-sea-could-produce-the-worlds-greenest-lithium.html

AWK

American Water Works

The Salton Sea could produce the world's greenest lithium, if new extraction technologies work

About 40 miles north of the California-Mexico border lies the shrinking, landlocked lake known as the Salton Sea. Though the lake was once the epicenter of a thriving resort community, water contamination and decades of drought have contributed to a collapse of its once-vibrant ecosystem and given rise to ghost towns. But amid this environmental disaster, the California Energy Commission estimates that there's enough lithium here to meet all of the United States' projected future demand and 40% of the world's demand. That's big news for the booming electric-vehicle industry, as lithium is the common denominator across all types of EV batteries. Traditionally, lithium extraction involves either open-pit mining or evaporation ponds, which work by pumping lithium-containing brine to the surface and waiting for the water to dry up. Both of these methods have huge land footprints, are often very water intensive and can create a lot of contamination and waste. But at the Salton Sea, three companies are developing chemical processes to extract lithium in a much cleaner way, taking advantage of the Salton Sea's rich geothermal resources. Near the lake, there are already 11 operating geothermal power plants, 10 of which are owned by Berkshire Hathaway 's renewable energy division, BHE Renewables. "We are already pumping 50,000 gallons of brine per minute across all of our 10 geothermal facilities to the surface," said Alicia Knapp, president and CEO of BHE Renewables, "and we're using the steam from that brine to generate clean energy. So we're really halfway there in that we've got the lithium right here in our hands." Berkshire Hathaway Renewables operates 10 geothermal power plants in the Salton Sea Known Geothermal Resource Area BHE Renewables Two other companies, EnergySource and Controlled Thermal Resources, or CTR, are also developing joint geothermal-lithium facilities at the Salton Sea, and General Motors has already committed to source lithium from CTR. This new industry could be a major economic boon to the region, where the majority Mexican-American community faces high rates of unemployment and poverty and suffers health impacts from the toxic dust that blows off the Salton Sea's drying lake bed. "We're cautiously excited in regards to the Lithium Valley," said Maria Nava-Froelich, the mayor pro tem of Calipatria, California, the city of about 6,000 where the geothermal power plants are located. "We see it as a game changer here for Imperial County." Nava-Froelich hopes the industry will bring much-needed jobs and development to the region, helping to revitalize communities that have seen an exodus of young people seeking opportunities elsewhere. And environmentalists hope that the influx of attention and money will hasten California's efforts to restore the environment in and around the Salton Sea. If ever there were a time to bet on domestic mineral projects, it might be now. At the end of March, President Joe Biden invoked the Defense Production Act to boost production of EV battery minerals such as lithium, nickel, cobalt, graphite and manganese. But extracting lithium from geothermal brines has never been done before at scale, so it remains to be seen whether the electric-vehicle industry, the local community and/or the environment will actually benefit. Lithium Valley This isn't the first time there's been interest in lithium recovery at the Salton Sea. Hyped start-up Simbol Materials developed a demonstration plant, but the company ceased operations in 2015 after a failed acquisition attempt by Tesla and never developed a commercial-scale facility. Since then, demand for lithium has shot up and, after falling sharply in 2018, prices are surging once again, incentivizing projects that might not have been economical before. If the current trio of companies can prove their technology works, they stand to make a lot of money from the hundreds of thousands of tons of lithium in the area. "The Salton Sea field, fully developed, could well serve over 600,000 tons a year, when the world production is less than 400 [thousand] now," said Rod Colwell, CEO of CTR. Unlike Berkshire Hathaway and EnergySource, CTR doesn't have any geothermal power plants in the region, so it's building a joint geothermal and lithium recovery facility all at once. Currently, the company is constructing a demonstration plant and plans to open its first full-scale facility by the beginning of 2024, providing 20,000 tons of lithium to GM. Colwell estimates that CTR's first plant will cost just shy of $1 billion, a steeper price per ton of lithium than many traditional lithium recovery projects. But all three companies expect that price to drop as the technology develops further. Controlled Thermal Resources is building a combined geothermal power plant and lithium extraction facility, which will provide 20,000 tons of lithium to GM. Andrew Evers | CNBC CTR is using ion-exchange technology, which it developed in partnership with Bay Area-based Lilac Solutions, to recover lithium. In this method, geothermal brine flows through tanks filled with ceramic beads, which absorb lithium from the brine. When the beads are saturated, the lithium is flushed out with hydrochloric acid, and lithium chloride remains. This is an intermediary product that CTR plans to refine on-site, yielding lithium carbonate or lithium hydroxide, a powder that's ready to be processed and transformed into precursor chemicals and then manufactured into battery cells. Berkshire Hathaway is also using ion-exchange technology, though the company hasn't revealed as many specifics as CTR about how it will work. EnergySource has developed technology known as Integrated Lithium Adsorption Desorption, or ILiAD, and it's jumping straight into building a full-scale facility, which it expects to be operational by 2024. "What we see in terms of production costs is that geothermal brine should be around the first quartile in terms of market competitiveness," said Derek Benson, CEO of EnergySource. Notably, all three companies plan to refine the lithium on-site, a process that normally takes place overseas. But the companies aren’t equipped to handle additional steps, such as chemical processing and battery cell manufacturing, which still primarily take place in Asia. "The rest of the supply chain hopefully in the coming years will also be developed in the U.S.," said Knapp, "so that we're able to go straight from lithium and other minerals in the ground to batteries that we're using to run our infrastructure." EV battery maker Italvolt recently announced plans to launch a new company, Statevolt, with the intent to build a $4 billion gigafactory in Imperial Valley that would produce enough lithium-ion batteries for 650,000 electric vehicles per year. Statevolt signed a letter of intent to source lithium and geothermal power from CTR, but did not respond to CNBC's inquiry about whether it will do chemical processing on-site. Community involvement The new industry could have a major impact on the Imperial Valley community, where many low-income residents work in agriculture and the unemployment rate is 12%, over three times the national average. California formed the Lithium Valley Commission so that government, industry and community stakeholders could come together and analyze the potential opportunities that lithium recovery could bring. "It's going to be really important that the community is involved and engaged, because if the community isn't there, the vision is going to be drawn out for them," said Luis Olmedo, a member of the commission who represents disadvantaged and low-income communities in the Salton Sea geothermal resource area. "We know that these are prime target areas where communities will be taken advantage of. We know that." Both Berkshire Hathaway and CTR also have representatives on the Lithium Valley Commission. The companies emphasize the positive impacts they believe the burgeoning industry will bring, from job creation to property tax revenue that could benefit local schools and fund additional government services. "This community needs us," Knapp said. "And this is a fantastic place for us to invest and benefit not just ourselves as a company but all of us, as lithium is so essential, and [benefit] these people right here in this community by providing jobs, education, opportunities, all the economic development that comes with that big of an investment." Getty Images

https://www.cnbc.com/2016/07/01/cramer-off-the-radar-water-stocks-making-a-splash.html

AWK

American Water Works

Cramer: Off-the-radar water stocks making a splash

Flowserve , Pentair and Xylem are in the epicenter of the water business, proving filtration, irrigation, pumps, valves and other equipment. Cramer analyzed these three stocks to reveal which ones are worth investing in. "While I am concerned that the easy money has already been made in these two water utilities, there may be other ways to play the water business," the " Mad Money " host said. Both Aqua America and American Water have made a killing recently as municipalities privatize water systems to raise money, which means a different company will be on the hook for maintenance. The U.S. spends billions on water infrastructure every year, and Jim Cramer knows that money is going into someone's pocket. Flowserve has had a tough time with the price of oil plummeting, as it got a chunk of its revenue from commodities processing, specifically in oil and gas. Cramer noted that things seem to be improving based on the company's upbeat guidance in April. "Still, we really need to see oil and gas companies start fracking again before I would be willing to give this one my blessing, because the energy business is so important to them," Cramer said. Next up was Pentair, which was on fire this year after overhauling some of its core business. Last month the Wall Street Journal reported that Pentair was looking to sell or spin off its valves and controls business. This could allow investors to focus on stronger parts of the company, give the stock a lift and generate cash for the company. Finally there was Xylem, which has direct exposure to public water utilities. The two other companies are all about fluid handling, but the focus is more industrial and don't do as much work for municipal water systems. Cramer was most intrigued by the public water side of the story. Xylem has benefited from increasing urbanization and industrialization worldwide, especially in emerging markets. "If you are looking for beneficiaries from the water business, Xylem is the company that actually serves municipal water utilities — that's the one I like, although ideally you should wait for a lower price," Cramer said. For investors looking for an industrial flow control play, Pentair was Cramer's pick over Flowserve, because it's cheaper and doing better. Ultimately Cramer was still impressed with Xylem because of the lack of oil and gas exposure.

https://www.cnbc.com/2015/05/29/anheuser-busch-halts-beer-production-to-provide-water-for-texas-oklahoma-storm-victims.html

AWK

American Water Works

Anheuser-Busch Halts Beer Production to Provide Water for Texas, Oklahoma Storm Victims

Beer giant Anheuser-Busch stopped production at its Georgia brewery this week to instead produce drinking water for those affected by a deadly bout of historic flooding and storms in Texas and Oklahoma. Beer giant Anheuser-Busch stopped production at its Georgia brewery this week to instead produce drinking water for those affected by a deadly bout of historic flooding and storms in Texas and Oklahoma. Anheuser-Busch said it had stopped beer production at its Cartersville brewery in Georgia late Wednesday night to produce 50,000 cans of water for the American Red Cross. "Right now our production line is running emergency drinking water instead of beer," Cartersville brewery manager Rob Haas told NBC News. More from NBC News: 'Heartbreaking': More rain on the way as search for Texas flood victims goes on Oklahoma firefighter swept away Your college professor could be on public assistance The Cartersville brewery produces cans of emergency relief water a few times a year, Haas said, partnering with the American Red Cross to provide to places in need within the United States. "It's something we're uniquely positioned to do in a very timely period," he said. Read More About 2,000 cases, each carrying 24 cans, are en route to communities in Texas and Oklahoma, he added. The water is expected to reach those areas within the next few days. Red Cross spokesman Jordan Scott said the organization had been working with Anheuser-Busch, one of their disaster relief partners, to iron out the logistics of the water shipments and what areas they were needed the most.

https://www.cnbc.com/2023/06/15/morgan-stanleys-slimmon-on-joining-the-sp-500-and-nasdaq-rally-.html

AMP

Ameriprise Financial

Is it too late to join the market rally? Morgan Stanley's Slimmon weighs in and names stocks to buy

Markets rallied on the back of cooler inflation data released on Tuesday , with the S & P 500 and the Nasdaq reaching fresh 13-month highs. Now, investors may be wondering if there will be a correction or if it's too late to get in on the action. Andrew Slimmon of Morgan Stanley Investment Management says a "meaningful" correction may not happen right now. "People are still on the sidelines, kind of waiting for that elusive pullback to get more involved. And I suspect that will put a floor on meaningful corrections. I think to get real corrections you have to have people move from bullish to bearish and I think positioning remains very bearish looking for an opportunity to get more fully invested," the senior portfolio manager told CNBC's " Street Signs Asia " on Wednesday. "There's just been too much froth in the last few days," he added. Slowing inflation data had given the market optimism that the U.S. Federal Reserve will pause its rate hikes. The Federal Reserve did leave rates unchanged on Wednesday but indicated it would hike another two times this year. Slimmon expects inflation will be stickier than it seems. "Really to get [to an inflation target of 2%] you've got to push unemployment higher and really wring out wage growth and that's not what is politically palatable, right. So I think we're going to end up with higher levels [of] inflation than what's expected," he said. The consumer price index , which measures changes in a multitude of goods and services, rose just 0.1% for the month, bringing the annual level down to 4% from 4.9% in April. "But it's premature and the stock market is right now feeding off … those lower inflation month to month price," Slimmon added. Stock picks Nevertheless, there are pockets of opportunity in the market right now, according to Slimmon. He named three stocks to buy: American equipment rental company United Rentals , financial services company Ameriprise and building materials company CRH . Though market returns were dominated by just seven mega-cap tech stocks earlier in the year, the gains have begun to be more widespread. Slimmon said there's an opportunity to get back into cyclical stocks. They had sold off after the regional bank crisis on expectations that contagion to the wider economy would follow. However, the economy isn't "showing enough weakness" right now for investors to be fearful. "We're seeing [the] breadth widen and some of the industrials did very well today and so that's a healthy sign for the market. And I think that will continue to attract money as people are looking for airways to get invested," he said. "In my opinion, investors looking to get into the market will view the recent laggards as an opportunity to get more invested," he said of those three stocks. — CNBC's Michael Bloom contributed to this report.

https://www.cnbc.com/id/24619014

AMP

Ameriprise Financial

Warren Buffett's Berkshire Hathaway Eliminates Ameriprise Stake, Adds to Ingersoll, Kraft and Healthcare Holdings

What's Warren Buffett buying? The answer appears to be not much in the first quarter of this year, although his stakes in two healthcare companies and Kraft Foods did increase somewhat. Berkshire Hathaway's just-released disclosure of its U.S. stock portfolio holdings as of March 31 does not include any new names. (Three months ago we learned from the quarterly filing that Buffett had accumulated a sizable stake in Kraft Foods.) Remember, however, that Berkshire sometimes receives permission to hold back information about stocks it's actively acquiring.

https://www.cnbc.com/2023/02/17/morgan-stanley-slimmon-on-the-market-rally-and-stocks-to-buy.html

AMP

Ameriprise Financial

'We are a long way from the top': Morgan Stanley’s Slimmon picks stocks to ride the rally

Have markets hit "peak pessimism"? Morgan Stanley Investment Management's Andrew Slimmon says that stocks are set to rally further. The economy is proving to be "far more resilient" than what the doomsayers had projected, says managing director and senior portfolio manager Slimmon. "In terms of … peak pessimism, people were just way too negative going into this year, and it doesn't take much good news — with so much pessimism — to surprise on the upside," he told CNBC's "Squawk Box Asia" Thursday. "With the [ S & P 500 ] up 8% [year-to-date], some of that pessimism has started to recede but we are a long way from the top in this rally," he added in notes sent to CNBC. Stocks went through a difficult year in 2022, with the S & P 500 plummeting nearly 20%. Slimmon predicted that the U.S. Federal Reserve will raise rates a few more times, before pausing. By the time the Fed is done raising rates, he said, it will be "too late for stocks" as markets will have already priced it in. "And so that's why I very much believe that the good returns for equities will be in the first half of the year, less likely in the second half," he added. Stock picks Although growth stocks such as tech have bounced back this year, Slimmon says the "real opportunity" is in cyclical stocks. "They were priced as if … we're going to have a recession in the first quarter — that was the total consensus view by strategists," he said. "It's turned out to be dead wrong." He favors financials, materials and industrials as they trade at "much lower" multiples and are having a good earnings season. Financials are also set to finally benefit from a higher rate environment, he added, while there has been a "very strong" housing cycle in the U.S. Slimmon named three stocks to consider: U.S. bank First Republic , swimming pool and outdoor supplies provider Pool Corporation , and Ameriprise Financial . — CNBC's Michael Bloom contributed to this report.

https://www.cnbc.com/2022/11/08/morgan-stanley-on-market-rally-and-stocks-to-buy.html

AMP

Ameriprise Financial

Markets will rally into year-end, says Morgan Stanley's Slimmon, who names 3 stocks to buy

The market will rally into the year end, but it won't be led by mega-cap tech stocks, according to Morgan Stanley's Andrew Slimmon. Stocks broadly rose in October, ending the month well in the green . The major averages on Wall Street closed the first week of November with losses, although stocks rallied again on Friday. "Despite [the] Fed Chair throwing cold water on the concept of a Fed pivot , I still believe the equity market will rally into year-end," Slimmon, senior portfolio manager at Morgan Stanley Investment Management, told CNBC's "Street Signs Asia" Friday. The primary reason for this will be the U.S. mid-terms this week , according to Slimmon, with history showing that stocks tend to rise in the final months of midterm election years . He suggested that the sitting party tends to come under pressure and recognizes that things have to change if it wants to get re-elected in the presidential elections, which can give stocks a boost. 'Final holdout' being taken down There is one sector that could buck the rising trend, however: Big Tech. "The final holdout of tech is finally being taken down — mega-cap tech. Why? Because they are no longer secular growth stories ... they are the economy," Slimmon said. "These stocks will continue to weaken further. Estimates are too high." He added that these Big Tech stocks "floated right through" the 2008 global financial crisis because they were still gaining market share. Now, however, they can't gain market share, he added. "I don't think they recognize how cyclical they have become." Three stock picks The October rally "appears different" from the summer's, Slimmon said. He noted that this time, the bounce has been led by value stocks, while growth stocks drove the summer rally. The outperformance in value stocks has been pretty broad, covering energy, financials and industrials, he said. "While early, we think it makes sense to begin to nibble on early-cycle stocks ... consumer discretionary names that have been crushed," Slimmon added. His stock picks are: Home Depot , equipment rental firm United Rentals and financial services firm Ameriprise .

https://www.cnbc.com/2022/03/08/considering-a-roth-ira-conversion-heres-how-to-reduce-the-tax-bite.html

AMP

Ameriprise Financial

Considering a Roth IRA conversion? Here's what investors need to know to reduce the tax bite

Getty Images If you're considering a Roth conversion, your timing and yearly planning can significantly reduce the tax bite, financial experts say. The popular retirement savings strategy allows higher earners to skirt the income limits for Roth individual retirement account contributions. While the maneuver may kickstart tax-free growth, you'll owe levies on pretax deposits. And boosting your adjusted gross income may have other consequences, according to certified financial planner Ashton Lawrence at Goldfinch Wealth Management in Greenville, South Carolina. For example, you may lose eligibility for certain write-offs, such as the child tax credit or student loan interest deduction. And retirees may unknowingly trigger higher Medicare premiums, he said. Medicare Part B and Part D calculate monthly premiums with your modified adjusted gross income from two years prior, which means your 2022 income can cause higher costs in 2024. "That's a big one that slides under the radar," Lawrence said. However, there may be opportunities to help offset the upfront taxes and avoid some of these issues. The silver lining of market volatility is the ability to pay less tax on Roth conversions. Sean Michael Pearson associate vice president at Ameriprise Financial Services "Think of a Roth conversion as a juicy steak that you can cook how you want," said Bart Brewer, a CFP and instructor with Ken Zahn Inc. based in Santa Monica, California. "There are lots of planning opportunities here if you do your homework." Stock market volatility One opportunity may be timing a Roth conversion with a stock market downturn, like the latest declines triggered by the Russia-Ukraine conflict. "The silver lining of market volatility is the ability to pay less tax on Roth conversions," said Sean Michael Pearson, a CFP and associate vice president at Ameriprise Financial Services in Conshohocken, Pennsylvania. watch now For example, if you have $10,000 in a pretax IRA and there's a 10% market drop, you'll convert $9,000 instead of $10,000, saving $220 in federal taxes if you're in the 22% marginal tax bracket, he said. Reduce adjusted gross income If you're planning a Roth conversion, you may consider reducing adjusted gross income by contributing more to your pretax 401(k) plan, Lawrence suggested. You may also leverage so-called tax-loss harvesting, offsetting profits with losses, in a taxable account. If losses exceed gains, you can use up to $3,000 of capital losses per year to reduce regular income. And if you're considering a sizable charitable gift, you may try to send it the same year as the conversion, Brewer said, such as transfers to a donor-advised fund.

https://www.cnbc.com/2022/10/05/investors-with-a-60/40-portfolio-may-want-to-shift-focus-into-fixed-income-now.html

AMP

Ameriprise Financial

Investors with a 60/40 portfolio may want to shift focus into fixed income now

Portfolio managers who've traditionally used a 60/40 stocks-to-bonds split for clients say that now is the time to consider buying more heavily into fixed income to weather volatility and economic weakness ahead. Both asset classes have had a rough year. Bond yields have rebounded lately, and some areas of the market are showing solid income for investors. Yields move opposite bond prices. "Bonds are more attractive than they've been in a while, probably over a decade," said Barry Gilbert, an asset allocation strategist for LPL Financial, adding that they make the most sense for investors who are more conservative or looking to pad income in their portfolio. At the same time, stocks have been volatile and are likely to continue to whiplash. That's already prompted investors to sell out of the riskier assets in exchange for the safety of fixed income. The ratio between equities and bonds has fallen since mid-August, Credit Suisse analyst David Sneddon wrote in a Monday note. "This suggests that we may be seeing a more decisive turn lower and a more sustainable downtrend as investors move out of equities further and finally start moving into bonds, with the equity downtrend itself expected to gather pace," he said. Which bonds make sense The threat of a potential recession is spurring movement into bonds, especially as continued high inflation and rate hikes from the Federal Reserve weigh on stocks. "We think equities have further room to fall particularly as earnings are at further risk in a recession scenario," said Michael Reynolds, Glenmede's vice president of investment strategy. In such an economic environment, being underweight market risk makes sense. It also seems sensible to turn to fixed income for some protection. Historically, bonds mitigate risk and blunt volatility that equities usually see. Although this year has been rough on both asset classes, it hasn't changed that fact, according to Anthony Saglimbene, chief market strategist at Ameriprise Financial. "What has changed this year is that income is looking more attractive today with yields coming back up," he said. "When you start getting 4% for the two-year and near 4% on the 10-year, those are attractive yields." Currently, the yield on the two-year U.S. Treasury is about 4.14%, while the yield on the 10-year is 3.75%. Shorter duration bonds are popular with investors right now due to these higher yields. For instance, rates on the U.S. one-year and three-year bonds are above 4%. "Right now, we are putting our over weights into short duration fixed income," said Reynolds. "We're also less exposed there to rise in interest rates." He noted that the firm's sweet spot is in the two-to-three-year range, as that's where they're finding the best value. Those with more bonds in their portfolio would want to lean more heavily on the shorter end of the yield curve for the most protection and income, according to LPL's Gilbert. However, investors with a more traditional 60/40 split would probably want to hold duration around six or seven years, he said. Of course, if there is a recession in the next few years, there will come a point when it makes sense to beef up on bonds even more and look for investments farther out on the yield curve. "In recession environments you want to have a little bit of duration and if interest rates come in you can get a big payoff on those bets," said Reynolds of Glenmede. Now, he noted, that bet is a little premature because interest rates are likely to go a bit higher. Other areas of fixed income To be sure, investors may be wary of bonds as they've also been hit hard this year, resulting in price declines on both sides of the 60/40 portfolio. For those that are looking for income but don't want to play too heavily in bonds, there are some other options, according to Rob Burnette, CEO and financial advisor at Outlook Financial Center in Troy, Ohio. That includes blue-chip stocks that pay solid dividends like IBM or looking at other investments such as preferred securities or structured notes. Preferred securities are fixed income instruments that hold some qualities of stocks and bonds and generally offer higher yields, while structured notes are debt issued by financial institutions. It may also make sense to have a larger cash holding on the sidelines ready to go back into equities. "It's good to have some dry powder on the sidelines in the environment like this, you never really know what sort of opportunities will arise," said Reynolds. It may also be a good time to buy stocks and bonds now and move back toward a 60/40 split, said Gilbert. "You should be looking at opportunities when it feels the worst to do it," he said. It might make sense to rebalance Investors who want to position appropriately for the coming months may not have to do much to bring their portfolios in line, given the sell-off in equities year to date. Still, it makes sense to regularly reassess the balance of bonds, stocks and cash to make sure your allocation meets your goals. Many investors may find that even if they haven't seen great gains this year, they're still set up for success in the long term and shouldn't make any emotionally driven changes. "A well-diversified portfolio continues to be the best path forward for investors," said Saglimbene.

https://www.cnbc.com/select/financial-lessons-from-my-move-across-the-country/

AMP

Ameriprise Financial

My cross-country move was a financial disaster — here's what you can learn from my mistakes.

Some offers mentioned below are longer available. The arrival of summer means it's peak moving season, with an estimated 45% of moves taking place between May and August. And while plenty of professional movers perform their job with the skill and honesty you'd expect, the moving industry also has its share of bad actors eager to take advantage of you. Here's how I moved my belongings from Texas to Washington state, losing $2,500 and six weeks' worth of sleep in the process — and what I'd have done differently if I'd had to move again. Why I finally broke down and hired movers I've moved a lot in my life and in the past 10 years, I've changed a dozen addresses. Almost every time, I did it myself or with help from friends. But when the time came for my second cross-country move in June 2022, I decided to ditch that DIY moving life. I was now in my thirties and just wanted to pay people to pack and ship my things for me. Plus, for a 100-pound person with no truck-driving skills whatsoever, renting a U-Haul was never a realistic option. It was a decision driven by comfort rather than good financial sense. I estimated that all of the furniture and other belongings I needed to haul to Washington were worth less than $4,000, which was about what I was expecting to spend on the move. While it may have been easier to avoid moving my modestly-priced possessions by selling or donating them, I just couldn't stand the thought of having to replace everything. That would mean living in an empty apartment for a long while. Looking for the best and settling for just "okay" By December 2021, I had the money saved for my move and began calling moving companies I found by googling "best moving companies. After receiving quotes north of $8,000, I discovered the best wasn't in my budget. So I left my information on a broker website that had glowing reviews and let movers fight for my business. And fight they did, bombarding me with calls and emails. In January last year, I decided to go with a moving company that gave me a quote of around $4,100 and seemed to have decent customer service, as opposed to most other movers I'd talked to. I put down a $1,700 deposit and felt reassured that they allowed me to pay with a credit card. If anything was to go wrong, I could always dispute the transaction. Little did I know a large deposit was a red flag. Things start to come apart Fast forward almost five months. It was late May and just two days before my scheduled pickup. The moving company called to tell me the move would now be more expensive because gas prices were up. I didn't like that but agreed and paid another $250 to keep my move. I knew I had no time to look for another company. A few days before the pickup date, I began calling for details like when the movers would arrive and their contact information. The customer service agents could answer none of my questions, telling me to wait and sounding annoyed. Finally, on the day of the pickup, the moving truck showed up. I was surprised to see that it wasn't from the company I hired, but from a different set of movers completely (I later discovered the original company was just a broker for other moving companies). The two movers looked at my furniture and belongings and told me the person I spoke with on the phone underestimated how much room my things would take on the truck. They then gave me a new quote of $6,200, $2,000 more than the original price quoted to me in January. My heart dropped straight to my stomach. My flight to Seattle was in two days so I needed my things out of my rental apartment. I didn't even have enough money in my checking account to pay the portion required at the pickup ($2,160) and the movers would only take a check or wire transfer. Feeling miserable and broke, I convinced the movers to take two checks: one for $1,800 to cash that day and another one for $360 to cash a couple of weeks later when it wouldn't bounce. They told me the move would take a week or two. I tried to take comfort in the fact that even though I blew straight through my budget, I'd soon have all my belongings back with me in Seattle. How very naive of me. How I lost another $400 but gained a big oil stain The movers cashed the $1,800 check the day of pickup and, as promised, the second check for $360 two weeks later. Then they cashed the $1,800 check again by messing with the check number. I called the company that actually picked up my belongings but never got through. I called the broker (that I originally thought was the moving company) and was given an email address. I used it to try and reach out to the movers again. Tired of waiting for a response and frustrated, I called my bank Chase and explained what had happened. After a 10-minute conversation, the bank's representative had the charge reversed. The movers called back soon after and acted very confused but apologized profusely. I asked where my things were since the two-week time frame had already passed — and found out they hadn't even found a truck to assign to my move. As it turned out, when movers loaded my things at my old apartment, they only moved them to a storage facility. Now, I was supposed to wait for an actual pick-up where a truck would load my belongings and haul them to the Evergreen State. Grinding my teeth, I reread the moving contract, remembering that all in all, the carrier had 30 days to deliver. That was true, with one caveat: it was 30 business days, which put the latest delivery date close to mid-July. For over five weeks, I slept on an air mattress and ate sitting on the floor. I kept calling the moving company without much success. I read reviews of them online and saw horror stories like my own. People couldn't get in touch with the carrier, waited for their things for weeks, and were overcharged by over a third of the original price. People had items broken and missing when their belongings finally showed up. Despite my worst fears, on the 29th business day, the truck finally showed up. I was so relieved I felt like crying. Yet when the driver reached my area, he called to shout at me, letting me know that his truck couldn't make it into my street. Irritated as I'd never been before, I informed him that I wasn't aware it was my responsibility to know what kind of truck he had and create a route for him. He proceeded to shout a little more and then told me he could reload my things onto a smaller truck — for another $400. I wasn't surprised anymore. I paid the money, including the new extra charge, and let the man unload my things. My dining table had a big oily stain. My bookcase looked as though it was ready to snap in two. My TV stand arrived so wobbly it was apparent no TV would ever sit on it safely again. Later, as I was unpacking boxes, I also discovered things that didn't even belong to me. My damaged furniture was too inexpensive to try and get any reimbursement, so I simply let it go. I was emotionally exhausted and ready to leave the entire experience behind. The lesson was learned: Unless you have a house full of investment furniture pieces and the money for a reputable company, dealing with movers isn't worth it when you're moving across the country. What I should have done instead Although I was dead set against selling my inexpensive furniture before the move, that would've been a smarter decision. My move ended up costing me much more than my belongings are worth. As a personal finance writer, I'm still mad at myself for that even a year later. If I could go back in time, I'd still save up the same amount of money and ship my car to Seattle (that process, thankfully, was painless and quick). Then I'd mail my valuables to my new address, get rid of everything else and apply for a new credit card. I'd already done something similar before. When I moved to Texas from California, everything I owned fit in the back of my car. I had to buy everything, from a bed to a paper towel holder to utensils. So I applied for the Discover it® Cash Back which comes with a decent 0% intro APR period for 15 months on purchases (17.24% - 28.24% variable thereafter). I used the card to furnish my apartment, mostly spending on Amazon where it offered 5% cash back that fall after activation (up to $1,500 in purchases per quarter, then 1%). I earned some cash back and paid the balance off in a few months. If I had abandoned the idea of hiring movers, I could have spent some of the money I had saved on earning card rewards. Spending a large sum of money that you can pay off right away is a good way to earn a welcome bonus. For example, as of writing, you can get 60,000 points after you spend $4,000 on purchases in the first three months with the Chase Sapphire Preferred® Card. That's $750 when you redeem through Chase Travel℠. Chase Sapphire Preferred® Card Learn More On Chase's secure site Rewards Enjoy benefits such as 5x on travel purchased through Chase Travel℠, 3x on dining, select streaming services and online groceries, 2x on all other travel purchases, 1x on all other purchases, and $50 annual Chase Travel Hotel Credit, plus more. Welcome bonus Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Travel℠. Annual fee $95 Intro APR None Regular APR 21.49% - 28.49% variable on purchases and balance transfers Balance transfer fee Either $5 or 5% of the amount of each transfer, whichever is greater Foreign transaction fee None Credit needed Excellent/Good Terms apply. Read our Chase Sapphire Preferred® Card review. Since I already had the Chase Sapphire Preferred Card, I wasn't eligible for its welcome bonus. But I could have put all my Amazon spending on my Affinity Cash Rewards Visa® Signature credit card, which earns 5% back at Amazon (on up to $3,500 in purchases each month). If I spent $3,000 on furnishing my place in Seattle, I'd earn $150 in cash back — and save $2,500 from being spent on a horrifying move. Subscribe to the CNBC Select Newsletter! Money matters — so make the most of it. Get expert tips, strategies, news and everything else you need to maximize your money, right to your inbox. Sign up here. Bottom line Using a (relatively) cheap mover was a bad financial move I'll regret for a while. I realize that I also went into it without much knowledge of the moving industry, which might have protected me better. I also know that my experience could have been worse and that some people have had their possessions held hostage by movers who demand outrageous sums of money. If you're planning a big move, estimate how much your furniture and other items are worth and if it makes sense to pay for a mover. You might hate selling everything just to buy it all over again, but I think that annoyance is worth the potential thousands of dollars and sleepless nights you'll save yourself. Catch up on CNBC Select's in-depth coverage of credit cards, banking and money, and follow us on TikTok, Facebook, Instagram and Twitter to stay up to date. For rates and fees of the Discover it® Cash Back, click here. Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.

https://www.cnbc.com/select/financial-lessons-learn-in-20s-30s-40s-50s/

AMP

Ameriprise Financial

10 financial lessons that you need to learn as you advance through life

Soaring rents, rising inflation and student debt are among some of the reasons millennials have struggled to purchase their own homes or build up their savings. A core tenet of personal finance is that you should make decisions about your money based on your priorities. But the goals you have at age 26 can (and probably should) look very different from when you're 66, which is why your financial know-how needs updating from time to time. Read on to learn more about some important financial lessons to learn by your 20s, 30s, 40s and 50s. Financial lessons to learn... ...in your 20s UFB Secure Savings Learn More UFB Secure Savings is offered by Axos Bank ® , a Member FDIC. Annual Percentage Yield (APY) Up to 5.25% APY on any savings balance; add a UFB Freedom Checking and meet checking account qualifications to get an additional up to 0.20% APY on savings Minimum balance $0, no minimum deposit or balance needed for savings Fees No monthly maintenance or service fees Overdraft fee Overdraft fees may be charged, according to the terms; overdraft protection available ATM access Free ATM card with unlimited withdrawals Maximum transactions 6 per month; terms apply Terms apply. Read our UFB Secure Savings review. Marcus by Goldman Sachs High Yield Online Savings Learn More Goldman Sachs Bank USA is a Member FDIC. Annual Percentage Yield (APY) 4.40% APY Minimum balance None Monthly fee None Maximum transactions At this time, there is no limit to the number of withdrawals or transfers you can make from your online savings account Excessive transactions fee None Overdraft fee None Offer checking account? No Offer ATM card? No Terms apply. Don't wait until you're older to start investing for retirement As with many facets of money management, the sooner you start taking action, the better. This is doubly true when it comes to investing for retirement. When you start investing money at a younger age, your balance has a longer time horizon to weather any economic downturns and grow more. It can be easy to think that saving for retirement doesn't concern you yet because you're young but don't wait until your 30's or 40's to start investing money for your golden years. Because you won't need to touch these funds until decades later, you can also afford to stomach riskier assets that have a higher potential for large returns. Begin by contributing money to your workplace 401(k) account (assuming you have one). If you can't afford to contribute the maximum amount ($22,500 for 2023), at least make sure you're contributing enough to receive your employer's full match. Once your 401(k) is all taken care of, it's a good idea to shift your focus over to IRA accounts. With a Roth IRA, you'll invest post-tax money in the account. Your investments will grow over time and you won't be required to pay taxes on withdrawals in retirement. You can only contribute $6,500 to a Roth IRA per year and cannot make retroactive contributions for years when you didn't fund the account. Because of this, it's vital to save in your Roth IRA as early as possible. Wealthfront and Betterment are two popular options that offer IRA accounts and robo-advisors to help you pick and manage your investments. Wealthfront Learn More Minimum deposit and balance Minimum deposit and balance requirements may vary depending on the investment vehicle selected. $500 minimum deposit for investment accounts Fees Fees may vary depending on the investment vehicle selected. Zero account, transfer, trading or commission fees (fund ratios may apply). Wealthfront annual management advisory fee is 0.25% of your account balance Bonus None Investment vehicles Robo-advisor: Wealthfront Automated Investing IRA: Wealthfront Traditional, Roth, SEP and Rollover IRAs Other: Wealthfront 529 College Savings Investment options Stocks, bonds, ETFs and cash. Additional asset classes to your portfolio include real estate, natural resources and dividend stocks Educational resources Offers free financial planning for college planning, retirement and homebuying Terms apply. Betterment Learn More Minimum deposit and balance Minimum deposit and balance requirements may vary depending on the investment vehicle selected. For example, Betterment doesn't require clients to maintain a minimum investment account balance, but there is a ACH deposit minimum of $10. Premium Investing requires a $100,000 minimum balance. Fees Fees may vary depending on the investment vehicle selected, account balances, etc. Click here for details. Investment vehicles Robo-advisor: Betterment Digital Investing IRA: Betterment Traditional, Roth and SEP IRAs 401(k): Betterment 401(k) for employers Investment options Stocks, bonds, ETFs and cash Educational resources Betterment offers retirement and other education materials Terms apply. Does not apply to crypto asset portfolios. Don't use credit cards to buy more than you can afford each month It can be easy to see credit cards as "not real money" since you don't actually see the dollar bills leaving your wallet when you pay for things. Because of this, it's important to be cautious in your use of credit cards so you don't rack up a ton of debt. Credit cards charge interest when you don't pay your balance in full every month, so every purchase actually costs you more. Plus, carrying too much of a balance in relation to your credit limit can lower your credit score. When you apply for loans, credit cards and even a mortgage with a lower credit score, you'll face higher interest rates since you're seen as a riskier borrower. Make sure you don't spend more than you can afford to pay off each month to avoid amassing a mountain of credit card debt. If you're in college, there are some credit cards that are actually geared toward students. The Discover it® Student Cash Back card, for instance, considers applicants with fair or no credit and doesn't come with an annual fee, making it more affordable for students (who often have limited income) to manage. Discover it® Student Cash Back Learn More On Discover's secure site Rewards Earn 5% cash back on everyday purchases at different places you shop each quarter like grocery stores, restaurants, gas stations, and more, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases-automatically. Welcome bonus Discover will match all the cash back earned for all new cardmembers at the end of your first year Annual fee $0 Intro APR 0% for 6 months on purchases Regular APR 18.24% - 27.24% Variable Balance transfer fee 3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)* Foreign transaction fee None Credit needed Fair / New to Credit *See rates and fees, terms apply. Read our Discover it® Student Cash Back review. The Capital One SavorOne Student Cash Rewards Credit Card (see rates and fees) is another solid option since it also doesn't carry an annual fee, but it offers a small, but exciting, welcome bonus: Cardholders can earn $50 when they spend $100 within the first three months. Capital One SavorOne Student Cash Rewards Credit Card Learn More Rewards Earn 10% cash back on purchases made through Uber & Uber Eats, plus complimentary Uber One membership statement credits through Nov. 14, 2024; 8% cash back on Capital One Entertainment purchases; unlimited 5% cash back on hotels and rental cars booked through Capital One Travel (terms apply); 3% cash back on dining and at grocery stores (excluding superstores like Walmart® and Target®); 3% cash back on popular streaming services and entertainment; 1% cash back on all other purchases Welcome bonus Earn a $50 cash bonus when you spend $100 on purchases in the first three months from account opening. Annual fee $0 Promo APR None Regular APR 19.99% - 29.99% variable Balance transfer fee 4% of the amount of each transferred balance that posts to your account at a promotional APR that Capital One may offer to you Foreign transaction fee None Credit needed Fair See rates and fees, terms apply. Read our Capital One SavorOne Student Cash Rewards Credit Card review. ...in your 30s Just because you have more money doesn't mean you have to spend more money As you get older and progress through your career, you'll (hopefully) start to earn more money. It may sometimes be tempting to simultaneously upgrade your car, move to a fancier apartment, splurge more on nights out, do more shopping and so on. This is called lifestyle creep, and it occurs when you earn more money so you inflate the amount you spend on discretionary items. The key to knowing the difference between lifestyle creep and simply enjoying a higher level of income lies with your goals. There's nothing wrong with spending your money on purchases that make you happy. It's only when you overspend and threaten your progress toward your long-term goals like buying a house, continuing your education, and saving for your kids' college tuition that you need to take steps to rein things in. Don't wait until your kids are 18 to start thinking about how you'll pay college tuition If you're at a phase of life where you have young children, now's a good time to start thinking about what their college tuition needs may look like. If you plan on providing some financial assistance — whether it be for their entire undergraduate education or just the first year — you'll likely want to save or invest for it while you still have a long time horizon to do so. Saving for your kids now will help them avoid taking on too much student loan debt to pay for college. While a high-yield savings account can be helpful for saving for large purchases, a 529 plan might be the better tool in this case. A 529 plan is a state-sponsored savings plan designed for funding a college education. The growth is tax-deferred and withdrawals are tax-free for qualifying education expenses. Even if you're unsure how much financial aid or institutional scholarships your child will qualify for once they start applying to colleges, having some money set aside for them is still a lot better than having nothing at all. Paying down debt improves your financial flexibility One of the best ways to protect your financial future is to pay down any existing debt you hold. That money you spend on loan balances and credit card statements can then be used to build your savings, invest in the market and live your best life. High interest rates often prevent people from paying off debt because they suck up money you want to go toward the loan's principal. This is a familiar problem to anyone with significant credit card debt, but using a balance transfer credit card with a 0% intro APR period would allow you to make payments toward your balance without being charged interest for a limited time period. This gives you time to focus on paying down the debt's principal and freeing yourself from a big financial burden. The Citi® Diamond Preferred® Card is one solid contender since it offers 0% intro APR for 21 months on balance transfers, then 18.24% - 28.99%. It does come with a 5% balance transfer fee, which is fairly typical of many balance transfer cards. The Discover it® Balance Transfer credit card weighs in at a lower balance transfer fee — 3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms) — but offers a 0% intro APR period on balance transfers for the first 18 months, then 17.24% - 28.24%. Citi® Diamond Preferred® Card Learn More On Citi's Secure Site Rewards None Welcome bonus None Annual fee $0 Intro APR 0% for 21 months on balance transfers; 0% for 12 months on purchases Regular APR 18.24% - 28.99% variable Balance transfer fee 5% of each balance transfer; $5 minimum. Balance transfers must be completed within 4 months of account opening. Foreign transaction fee 3% Credit needed Excellent/Good See rates and fees.Terms apply. Discover it® Balance Transfer Learn More On Discover's secure site Rewards Earn 5% cash back on everyday purchases at different places you shop each quarter like grocery stores, restaurants, gas stations, and more, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases-automatically. Welcome bonus Discover will automatically match all the cash back earned for all new cardmembers at the end of your first year. Annual fee $0 Intro APR 0% for 18 months on balance transfers; 0% for 6 months on purchases Regular APR 17.24% to 28.24% Variable Balance transfer fee 3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)* Foreign transaction fee None Credit needed Good/Excellent *See rates and fees, terms apply. ...in your 40s Don't stop increasing your income Anyone at any age should always keep opportunities for increasing their income in mind. But in your 40s, you may have some particularly big expenses to prepare for — such as supporting your aging parents financially or relocating your entire family for a new career opportunity. Having more income makes it less stressful to cover these kinds of costs. Some common ways to earn more money are to ask for raises at work when appropriate and change jobs for a more significant salary bump. Reaching your financial goals is often a team effort Your 40s can be filled with big-ticket expenses, especially if you're buying a home, expanding your family, paying for a child's college education, caring for aging parents and increasing your retirement contributions. All these middle-age milestones can feel daunting to manage, but the good news is you don't have to do it all alone. If you've never worked with a financial planner before, now would be a great time to find one. They can often take a look at your financial circumstances and goals and offer advice you may not have considered. They're also able to help you plan for a variety of events, including retirement, divorce, marriage, loss of income, an increase in income and more. Financial planners excel at spotting opportunities that help you reach your most significant goals. So even if you have your own degree in personal finance, you can still benefit from consulting with a planner to get additional advice. To find a financial planner, start by seeing if any services are offered by your employer as a benefit. If this isn't something that's available to you, you can use Zoe Financial's matching tool to filter financial planners based on your needs. ...in your 50s Catch-up contributions can make a bigger difference than you might think Catch-up contributions are designed to allow individuals over the age of 50 to stash away a little extra cash each year so they have more money to withdraw from tax-advantaged retirement accounts like their Roth IRA or traditional IRA. For 2023, individuals are allowed to contribute up to an additional $1,000 to their IRAs (both Roth and traditional accounts). This brings their contribution limit up to $7,500. So let's say a 50-year-old takes advantage of that increased limit and contributes $7,500 per year until they leave the workforce at the traditional retirement age of 65; they will have contributed $112,500 over the course of those 15 years. But if they had adhered to the $6,500 contribution limit for people under age 50, they will have stashed away $97,500 over 15 years. That $15,000 difference may not seem like a life-changing amount, but it can grow exponentially since it's being invested. Plus, outliving one's savings is a major concern for many older individuals. Stashing away as much money as possible while you still earn an income can help lessen the likelihood that you'll run out of money after entering retirement. Don't wait until the last minute to think about medical care in retirement Out-of-pocket healthcare expenses can really eat away at your retirement savings once you're no longer working and don't have an employer-sponsored health insurance plan to fall back on. According to Fidelity's 2022 Retiree Health Care Cost Estimate, the average couple who retires at age 65 can expect to spend around $315,000 on healthcare expenses in retirement. Because of this, you don't want to wait until you've already retired to start thinking about how you'll afford any medical care you may need. Use this last decade before retirement to fill any potential gaps in what you may be able to afford in the future. This is another area where it could make a lot of sense to talk to a financial planner who can recommend specific savings vehicles, like a health savings account, to help you grow your nest egg for health care costs even quicker. Subscribe to the CNBC Select Newsletter! Money matters — so make the most of it. Get expert tips, strategies, news and everything else you need to maximize your money, right to your inbox. Sign up here. Bottom line Individuals at different life stages likely have different financial goals they'd like to prioritize. While these lessons are great starting points, it's important to consider what you personally would like to achieve and which goals fit your personal circumstances. When in doubt about what moves make the most sense for you, consult with a financial professional who can provide personalized advice. Catch up on CNBC Select's in-depth coverage of credit cards, banking and money, and follow us on TikTok, Facebook, Instagram and Twitter to stay up to date. For rates and fees of the Discover it® Student Cash Back, click here. For rates and fees of the Discover it® Balance Transfer, click here. Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.

https://www.cnbc.com/2022/09/20/some-millennials-gen-zers-are-closing-investing-accounts-over-inflation-.html

AMP

Ameriprise Financial

Some millennials and Gen Zers are closing investing accounts over inflation. Here's why that may lead to regrets

Enes Evren watch now 'Selling out' may lead to regrets Without a sufficient emergency fund, some investors may be selling assets to cover a higher cost of living, said Kyle Newell, an Orlando, Florida-based certified financial planner and owner of Newell Wealth Management. Others may have reacted emotionally due to stock market volatility, especially younger investors with less experience. "The news can be scary at times, so it's not uncommon for people to get nervous and sell out," Newell said. The news can be scary at times, so it's not uncommon for people to get nervous and sell out. Kyle Newell Owner of Newell Wealth Management But cashing out an investment account may lead to regrets. Many millennials and Gen Zers who invested over the past year have regrets, according to a recent study from MagnifyMoney. Some 23% of millennials and 15% of Gen Zers wished they had invested more, the survey found, and roughly 15% of each group regrets selling an investment. High inflation, stock market volatility and geopolitical conflict have all happened before, Newell said, and those factors shouldn't stop you from investing. And by selling when the stock market dips, you may "lock in losses," regardless of your long-term financial goals, he said. watch now 'Investments are tools' Of course, the decision to invest in a brokerage account may depend on someone's goals, explained Sean Michael Pearson, a CFP and associate vice president with Ameriprise Financial in Conshohocken, Pennsylvania. "Investments are tools," he said. "They work best when you decide what you need done and then go shopping for your tools." If you've saved and invested in pursuit of a goal, selling assets in a brokerage account isn't necessarily a bad thing, Pearson said. Once you're ready to fund that goal, it makes sense to sell. Alternatively, if you've decided a particular investment doesn't align with your goals, a targeted sale may also make sense. Then you can find other assets to better suit your needs.

https://www.cnbc.com/select/best-ways-to-invest-1000/

AMP

Ameriprise Financial

How to invest $1,000 right now — wherever you are on your financial journey

You have $1,000 saved and you're trying to figure out what to do with it. It would be a significant amount of money to splurge and spend all at once — but is it enough to invest? The truth is, $1,000 is a great place to start investing and can make a difference in your financial health. Below, CNBC Select suggests several ways you can invest $1,000 and explains how to decide which option may work best for you. Some investments might offer greater returns, but they also come with greater risk. If your financial safety net allows for this risk, such investments are worth considering. If not, you can use your $1,000 to correct that. 1. Build an emergency fund An emergency fund is crucial to your financial health. When you're facing unexpected expenses, such as job loss, medical expenses or surprise home or car repairs, your emergency fund will keep you from straining your budget or going into debt. Experts generally recommend having between three and six months' worth of living expenses in your emergency fund. If you're not quite there, $1,000 can go a long way. A good place to park your emergency fund is a high-yield savings account. This way, you'll get guaranteed returns in the form of compound interest. Some high-yield savings accounts are now offering around a 5% annual percentage yield (APY) — a return we haven't seen since the 1990s. Plus, these accounts are usually FDIC-insured so they are virtually risk-free. Here are a few high-yield savings accounts we recommend: LendingClub High-Yield Savings Learn More LendingClub Bank, N.A., Member FDIC Annual Percentage Yield (APY) 5.00% Minimum balance No minimum balance requirement after $100.00 to open the account Monthly fee None Maximum transactions None Excessive transactions fee None Overdraft fees N/A Offer checking account? Yes Offer ATM card? Yes Terms apply. UFB Secure Savings Learn More UFB Secure Savings is offered by Axos Bank ® , a Member FDIC. Annual Percentage Yield (APY) Up to 5.25% APY on any savings balance; add a UFB Freedom Checking and meet checking account qualifications to get an additional up to 0.20% APY on savings Minimum balance $0, no minimum deposit or balance needed for savings Fees No monthly maintenance or service fees Overdraft fee Overdraft fees may be charged, according to the terms; overdraft protection available ATM access Free ATM card with unlimited withdrawals Maximum transactions 6 per month; terms apply Terms apply. Read our UFB Secure Savings review. Marcus by Goldman Sachs High Yield Online Savings Learn More Goldman Sachs Bank USA is a Member FDIC. Annual Percentage Yield (APY) 4.40% APY Minimum balance None Monthly fee None Maximum transactions At this time, there is no limit to the number of withdrawals or transfers you can make from your online savings account Excessive transactions fee None Overdraft fee None Offer checking account? No Offer ATM card? No Terms apply. 2. Pay down debt If you have credit card debt, paying it off should be your priority, especially in a high-rate environment. Let's say you have a $1,000 balance on a credit card with a 20% APR and only make a minimum payment of $25 each month. The balance will take you 67 months to pay off and you'll lose $661 to interest. Or you could pay the whole balance off instead and not worry about interest charges at all. If you owe considerably more, you may feel as though $1,000 would barely make a dent in your card debt. In that case, you may also want to look into a 0% intro APR credit card or debt consolidation loan to save on interest charges. The Wells Fargo Reflect® Card, for example, has a 0% intro APR for 21 months from account opening on purchases and qualifying balance transfers (then 18.24%, 24.74%, or 29.99% variable APR). Balance transfers made within 120 days from account opening qualify for the intro rate, BT fee of 5%, min $5. Wells Fargo Reflect® Card Learn More On Wells Fargo's secure site Rewards None Welcome bonus None Annual fee $0 Intro APR 0% intro APR for 21 months from account opening on purchases and qualifying balance transfers. Regular APR 18.24%, 24.74%, or 29.99% Variable APR on purchases and balance transfers Balance transfer fee 5%, min: $5 Foreign transaction fee 3% Credit needed Excellent/Good See rates and fees. Terms apply. 3. Put it in a retirement plan Another aspect of your financial life you want to cover is your retirement funds. If your employer offers a 401(k) match, you may be missing out if you're not taking full advantage of it. Further, it's good practice to save 15% of your annual income for retirement (including any contributions by your employer). If that seems like a lofty goal to you at the moment, contributing $1,000 can definitely make a difference. If you don't have an employer-sponsored retirement plan, you can always invest in an individual retirement account (IRA) instead. The IRA contribution limit for 2023 is $6,500, or $7,500 if you're 50 or older. CNBC Select picked Charles Schwab IRA as the best IRA account. If you're just beginning to invest, Fidelity Investments IRA can be an excellent choice. Fidelity Investments Learn More Minimum deposit and balance Minimum deposit and balance requirements may vary depending on the investment vehicle selected. No minimum to open a Fidelity Go® account, but minimum $10 balance according to the investment strategy chosen Fees Fees may vary depending on the investment vehicle selected. Zero commission fees for stock, ETF, options trades and some mutual funds; zero transaction fees for over 3,400 mutual funds; $0.65 per options contract. Fidelity Go® has no advisory fees for balances under $25,000 (0.35% per year for balances of $25,000 and over and this includes access to unlimited 1-on-1 coaching calls from a Fidelity advisor) Bonus Find special offers here Investment vehicles Robo-advisor: Fidelity Go® IRA: Traditional, Roth and Rollover IRAs Brokerage and trading: Fidelity Investments Trading Other: Fidelity Investments 529 College Savings; Fidelity HSA ® Investment options Stocks, bonds, ETFs, mutual funds, CDs, options and fractional shares Educational resources Extensive tools and industry-leading, in-depth research from 20-plus independent providers Terms apply. Charles Schwab Learn More Minimum deposit and balance Minimum deposit and balance requirements may vary depending on the investment vehicle selected. No account minimum for active investing through Schwab One ® Brokerage Account. Automated investing through Schwab Intelligent Portfolios ® requires a $5,000 minimum deposit Fees Fees may vary depending on the investment vehicle selected. Schwab One ® Brokerage Account has no account fees, $0 commission fees for stock and ETF trades, $0 transaction fees for over 4,000 mutual funds and a $0.65 fee per options contract Bonus None Investment vehicles Robo-advisor: Schwab Intelligent Portfolios ® and Schwab Intelligent Portfolios Premium™ IRA: Charles Schwab Traditional, Roth, Rollover, Inherited and Custodial IRAs; plus, a Personal Choice Retirement Account ® (PCRA) Brokerage and trading: Schwab One ® Brokerage Account, Brokerage Account + Specialized Platforms and Support for Trading, Schwab Global Account™ and Schwab Organization Account Investment options Stocks, bonds, mutual funds, CDs and ETFs Educational resources Extensive retirement planning tools Terms apply. 4. Open a certificate of deposit (CD) Let's say your emergency fund is in good shape, you're on track to contributing to your retirement plan and you have no high-interest debt. Yet, you'd rather not take on risk when it comes to your money. In this case, you might want to look into certificates of deposit (CDs). This type of deposit account earns a fixed interest rate for a specific amount of time on the funds you deposit when you open an account. The term lengths typically range between three months and five years. Longer terms tend to come with higher APYs but with a traditional CD, you can't withdraw your money before the end of the term. Otherwise, you'll generally have to pay an early withdrawal penalty. Interest rates on CDs are often higher than those on regular savings accounts. This means you might get better returns at the trade-off of no easy access to your cash until the maturity date. But if you already have an emergency fund parked in a more accessible account, putting extra money aside in a CD can be a good move. At the time of writing, the following accounts are offering some of the best CD rates: Synchrony Bank CDs Learn More Synchrony Bank is a Member FDIC. Annual Percentage Yield (APY) From 0.25% to 5.15% APY Terms From 3 months to 60 months Minimum balance None Monthly fee None Early withdrawal penalty fee There may be an early withdrawal penalty if you withdraw funds from the principal prior to the CD maturity date (the last day of the CD term). The penalty is applied to the amount of principal withdrawn (there's no penalty on interest). For the No-Penalty CD, early withdrawals are not permitted within the first 6 days after account funding. Following that, only withdrawal of the entire balance is allowed. Terms apply. APYs are subject to change at any time without notice. Offers apply to personal accounts only. Fees may reduce earnings. For CD accounts, a penalty may be imposed for early withdrawals. After maturity, if your CD rolls over, you will earn the offered rate of interest for your CD type in effect at that time. CFG Community Bank CDs Learn More CFG Bank is a Member FDIC. Annual Percentage Yield (APY) From 4.40% to 5.50% APY Terms From 12 months to 60 months Minimum balance $500 to open and start earning interest Monthly fee None Early withdrawal penalty fee Early withdrawal penalty depends on the term length; withdrawing within six days of account opening will cost you a 7-day interest penalty Terms apply. Ally Bank® CDs Learn More Ally Bank® is a Member FDIC. Annual Percentage Yield (APY) From 3.00% to 4.50% APY Terms From 3 months to 5 years Minimum balance None Monthly fee None Early withdrawal penalty fee High Yield CDs and Raise Your Rate CDs have early withdrawal penalties that vary based on your CD term. With the No Penalty CD, withdraw all your money any time after the first 6 days following the date you funded the account and keep the interest earned with no penalty. Terms apply. 5. Invest in money market funds Kenneth Chavis IV, CFP and senior wealth manager at LourdMurray, suggests money market funds "for those who are not comfortable with investment risk but want to earn some interest on their money." Money market funds (MMFs) invest in lower-risk debt securities, such as U.S. Treasury bills and commercial paper, and are considered some of the safest investments. MMFs pay monthly dividends. The yield is typically close to or a little higher than on bank savings accounts. This is also a highly liquid option — you can withdraw the money you've invested at any time. You can buy money market funds from a bank, fund provider such as Fidelity Investments or Vanguard or by opening a brokerage account. Fidelity Investments Learn More Minimum deposit and balance Minimum deposit and balance requirements may vary depending on the investment vehicle selected. No minimum to open a Fidelity Go® account, but minimum $10 balance according to the investment strategy chosen Fees Fees may vary depending on the investment vehicle selected. Zero commission fees for stock, ETF, options trades and some mutual funds; zero transaction fees for over 3,400 mutual funds; $0.65 per options contract. Fidelity Go® has no advisory fees for balances under $25,000 (0.35% per year for balances of $25,000 and over and this includes access to unlimited 1-on-1 coaching calls from a Fidelity advisor) Bonus Find special offers here Investment vehicles Robo-advisor: Fidelity Go® IRA: Traditional, Roth and Rollover IRAs Brokerage and trading: Fidelity Investments Trading Other: Fidelity Investments 529 College Savings; Fidelity HSA ® Investment options Stocks, bonds, ETFs, mutual funds, CDs, options and fractional shares Educational resources Extensive tools and industry-leading, in-depth research from 20-plus independent providers Terms apply. Vanguard Learn More Minimum deposit and balance Minimum deposit and balance requirements may vary depending on the investment vehicle selected. No minimum to open a Vanguard account, but minimum $1,000 deposit to invest in many retirement funds; robo-advisor Vanguard Digital Advisor® requires minimum $3,000 to enroll Fees Fees may vary depending on the investment vehicle selected. Zero commission fees for stock and ETF trades; zero transaction fees for over 3,000 mutual funds; $20 annual service fee for IRAs and brokerage accounts unless you opt into paperless statements; robo-advisor Vanguard Digital Advisor® charges up to 0.20% in advisory fees (after 90 days) Bonus None Investment vehicles Robo-advisor: Vanguard Digital Advisor® IRA: Vanguard Traditional, Roth, Rollover, Spousal and SEP IRAs Brokerage and trading: Vanguard Trading Other: Vanguard 529 Plan Investment options Stocks, bonds, mutual funds, CDs, ETFs and options Educational resources Retirement planning tools Terms apply. 6. Buy treasury bills Speaking of Treasury bills, they're also a low-risk investment since they're backed by the government and give you a guaranteed return over a set period of time. "You will get a nice guaranteed rate dependent on how long the maturity is (assuming you hold until maturity) and you will not owe state income tax on the interest," Chavis says. Since there's a maturity period, this option provides less liquidity than money market funds. At the same time, the term can be very short — from just a few days to a year. You can buy Treasury bills directly from the TreasuryDirect website or go through a broker like Charles Schwab or Fidelity. Charles Schwab Learn More Minimum deposit and balance Minimum deposit and balance requirements may vary depending on the investment vehicle selected. No account minimum for active investing through Schwab One ® Brokerage Account. Automated investing through Schwab Intelligent Portfolios ® requires a $5,000 minimum deposit Fees Fees may vary depending on the investment vehicle selected. Schwab One ® Brokerage Account has no account fees, $0 commission fees for stock and ETF trades, $0 transaction fees for over 4,000 mutual funds and a $0.65 fee per options contract Bonus None Investment vehicles Robo-advisor: Schwab Intelligent Portfolios ® and Schwab Intelligent Portfolios Premium™ IRA: Charles Schwab Traditional, Roth, Rollover, Inherited and Custodial IRAs; plus, a Personal Choice Retirement Account ® (PCRA) Brokerage and trading: Schwab One ® Brokerage Account, Brokerage Account + Specialized Platforms and Support for Trading, Schwab Global Account™ and Schwab Organization Account Investment options Stocks, bonds, mutual funds, CDs and ETFs Educational resources Extensive retirement planning tools Terms apply. 7. Invest in stocks Robinhood Learn More Minimum deposit and balance Minimum deposit and balance requirements may vary depending on the investment vehicle selected. No minimum required to open an account or to start investing Fees Fees may vary depending on the investment vehicle selected. Commission-free trading; regulatory transaction fees and trading activity fees may apply Bonus Robinhood will add 1 share of free stock to your brokerage account when you link your bank account and fulfill the conditions in your promotion (you'll be able to keep the stock or sell it after 2 trading days) Investment vehicles Brokerage account: Robinhood Financial commission-free investing Investment options Stocks, ETFs, options trading, fractional shares, IPOs, plus certain cryptocurrencies through Robinhood Crypto (depending on where you live) Educational resources "Investing basics" blog, an online library of content and Robinhood Snacks daily newsletter Terms apply. Webull Learn More Minimum deposit and balance Minimum deposit and balance requirements may vary depending on the investment vehicle selected. No minimum required to open an account or to start investing Fees Fees may vary depending on the investment vehicle selected. Commission-free trading; regulatory transaction fees and trading activity fees may apply Bonus Get 5 free stocks when you open and fund a new account: Sign up with Webull to get your 2 free stocks, each valued up to $300, and deposit any amount to receive 3 free stocks, each valued up to $3,000 Investment vehicles Brokerage account: Webull commission-free investing IRA: Traditional, Roth, Rollover IRAs Investment options Stocks, ETFs, options trading, fractional shares, IPOs, ADRs, plus certain cryptocurrencies through Webull Crypto Educational resources Webull blog Terms apply. 8. Use a robo-advisor If you're interested in investing but want a more hands-off approach, you can use a robo-advisor which will automatically invest in several index funds and ETFs based on your goals and risk tolerance. These accounts typically have low or no minimum opening deposits and have much more affordable management advisory fees than traditional financial advisors. CNBC Select suggests Betterment and Wealthfront as our top picks for the best robo-advisors. Betterment Learn More Minimum deposit and balance Minimum deposit and balance requirements may vary depending on the investment vehicle selected. For example, Betterment doesn't require clients to maintain a minimum investment account balance, but there is a ACH deposit minimum of $10. Premium Investing requires a $100,000 minimum balance. Fees Fees may vary depending on the investment vehicle selected, account balances, etc. Click here for details. Investment vehicles Robo-advisor: Betterment Digital Investing IRA: Betterment Traditional, Roth and SEP IRAs 401(k): Betterment 401(k) for employers Investment options Stocks, bonds, ETFs and cash Educational resources Betterment offers retirement and other education materials Terms apply. Does not apply to crypto asset portfolios. Wealthfront Learn More Minimum deposit and balance Minimum deposit and balance requirements may vary depending on the investment vehicle selected. $500 minimum deposit for investment accounts Fees Fees may vary depending on the investment vehicle selected. Zero account, transfer, trading or commission fees (fund ratios may apply). Wealthfront annual management advisory fee is 0.25% of your account balance Bonus None Investment vehicles Robo-advisor: Wealthfront Automated Investing IRA: Wealthfront Traditional, Roth, SEP and Rollover IRAs Other: Wealthfront 529 College Savings Investment options Stocks, bonds, ETFs and cash. Additional asset classes to your portfolio include real estate, natural resources and dividend stocks Educational resources Offers free financial planning for college planning, retirement and homebuying Terms apply. Compare investing resources Bottom line You don't need to wait to have thousands of dollars to start investing. Even just $1,000 can go a long way if you make it benefit your financial well-being. Whether you're at the very beginning of your financial journey, paying off debt and adding to your emergency fund or you're ready to start investing in stocks, even a small initial contribution can help you lay the foundation for a prosperous future. Subscribe to the CNBC Select Newsletter! Money matters — so make the most of it. Get expert tips, strategies, news and everything else you need to maximize your money, right to your inbox. Sign up here. Why trust CNBC Select? At CNBC Select, our mission is to provide our readers with high-quality service journalism and comprehensive consumer advice so they can make informed decisions with their money. Every personal finance guide is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of financial products. While CNBC Select earns a commission from affiliate partners on many offers and links, we create all our content without input from our commercial team or any outside third parties, and we pride ourselves on our journalistic standards and ethics. See our methodology for more information on how we choose the best products. Catch up on CNBC Select's in-depth coverage of credit cards, banking and money, and follow us on TikTok, Facebook, Instagram and Twitter to stay up to date. Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.

https://www.cnbc.com/2018/10/24/amgen-cuts-price-of-cholesterol-drug-by-almost-60percent.html

AMGN

Amgen

Amgen cuts price of cholesterol drug by almost 60%, echoing rival's move

Biotech giant Amgen is lowering the price of its cholesterol medicine Repatha by almost 60 percent, following a similar move from its competitor, after both drugs failed to meet sales expectations. The new price of the medicine will be $5,850 per year, Amgen said in a statement Wednesday. That's down from an annual price of $14,100, before discounts and rebates. The company said its goal is for the reduction to lower patients' copays, particularly those covered by Medicare. "We've heard from too many patients, particularly Medicare beneficiaries, that they can't afford their out-of-pocket copays, so we're lowering the list price of Repatha today," Amgen Chief Executive Officer Bob Bradway said in a telephone interview with CNBC. The new price, he said, should lower those patients' copays from about $370 a month to a range of $25 to $150. The company attributed the move both to its participation in an American Heart Association initiative focused on value, and its support of the Trump administration's goal to lower drug prices. Amgen said that in May it decided not to take price increases planned for July, and doesn't plan any for the rest of 2018. Earlier this year, Regeneron and its partner Sanofi said they were lowering the price of their competing cholesterol drug, Praluent, from $14,600 a year to a range between $4,500 and $8,000. A key difference is that Amgen is changing the sticker price of its drug -- known in industry parlance as the wholesale acquisition cost, or WAC. Regeneron and Sanofi made the change in the form of paying a larger rebate to pharmacy benefit manager Express Scripts ; the WAC remained the same. In exchange, Express Scripts booted Amgen's drug from coverage on its largest formulary plan. Bradway said the company has been offering significant rebates to payers this year in exchange for greater insurance coverage, but noted those agreements don't always result in lower out-of-pocket costs for patients. Express Scripts said Wednesday that Regeneron and Sanofi's Praluent remains the preferred medication on its National Preferred Formulary plan, while Repatha is still excluded. The company may re-evaluate Repatha's status based on Amgen's price reduction, Jennifer Luddy, Express Scripts' director of corporate communications, told CNBC by email. "With a new lower list price for Repatha, Amgen is taking an important step forward to help payers be better positioned to provide breakthrough medicines and help people achieve better outcomes," Express Scripts Chief Medical Officer Dr. Steve Miller said in Amgen's statement. Neither Amgen's nor Regeneron and Sanofi's drug has been a major moneymaker since they were approved in 2015, despite billion-dollar expectations, as many patients faced trouble with insurance reimbursement. Regeneron and Sanofi's Praluent drew $195 million in 2017 revenue, while Amgen's Repatha brought in $319 million. They're in a class known as PCSK9 inhibitors that have been shown to dramatically lower levels of so-called bad, or LDL, cholesterol. Subsequent large-scale clinical trials proved they also reduce the risk of heart attack and stroke. Regeneron and Sanofi's trial also showed a mortality benefit, meaning fewer patients taking the drug died during the study than those on a placebo, something Express Scripts cited in announcing it would exclude Amgen's drug from coverage on its largest plan. In an example of the complexity of drug pricing, Amgen said it's bringing the lower-priced Repatha to market by introducing new National Drug Codes — the product will be identical, but it will be offered at two prices for a period of time. The company said it expects to discontinue the original list price by the end of 2020 as it works with insurers and pharmacy benefit managers to transition to the new price. "While we hope more patients will benefit from swift adoption of these lower-priced options, it is ultimately a payer decision," Murdo Gordon, Amgen's executive vice president of global commercial operations, said in the statement. Gilead recently made a similar move to lower the price of its hepatitis C drugs. In another example of drug pricing's complexity, it did so by introducing authorized generic versions — identical medicines, without the brand names, at a lower list price than the original.

https://www.cnbc.com/2018/10/17/express-scripts-covers-amgen-lilly-migraine-therapies-excludes-teva.html

AMGN

Amgen

Express Scripts covers Amgen, Lilly migraine therapies, excludes Teva drug

An Eli Lilly & Co. logo is seen on the cap of a pill bottle in this arranged photograph at a pharmacy in Princeton, Illinois. Express Scripts , one of the largest U.S. prescription benefits managers, will cover new migraine drugs from Eli Lilly and Amgen , but is excluding a rival medication made by Teva Pharmaceutical after price negotiations with all three manufacturers. The decision represents a setback for Teva, which is in the midst of a corporate restructuring and had hoped to capture a sizable stake of the multibillion-dollar migraine market. Express Scripts is also taking steps to limit use to the patients it says are most likely to benefit from the new Amgen and Lilly migraine drugs. Pharmacy benefits managers like Express Scripts are taking more aggressive action to lower the cost of prescription drugs for their clients, large employers who pay for health benefits for their workers. The new migraine drugs were approved for the U.S. market within a few months of each other this year. That gave Express Scripts more leverage in demanding a discount in exchange for putting a therapy on its "formulary," or list of covered drugs. "These products are fairly interchangeable," Harold Carter, clinical solutions director at Express Scripts, told Reuters. "It comes down to manufacturers providing the best value to be on the formulary." He acknowledged that price rebates played a role in determining coverage status, but declined to comment on the level of rebating. In May, Amgen and marketing partner Novartis won U.S. regulatory approval for Aimovig, an injected drug designed to interfere with a process that helps kick off migraine headaches. Teva's Ajovy and Lilly's Emgality were approved last month. The three drugs work in a similar manner and represent an improvement over existing treatments: in clinical trials they significantly reduced migraine frequency in about half of patients. Wei-Li Shao, vice president of neuroscience at Eli Lilly, told Reuters last month that discounts and rebates for the migraine drug would be negotiated with insurers and other payers. Brendan O'Grady, head of Teva's North America commercial operations, declined to comment on talks with payers, while executives at Amgen did not immediately respond to a request for comment. All three drugs have a list price of $575 a month, or $6,900 a year. Geoffrey Porges, biotech analyst at Wall Street investment bank Leerink Partners, told Reuters he expects the drugmakers will need to offer rebates of at least 30 percent for the new migraine class to be covered by insurance. Express Scripts already lists Amgen's Aimovig as a preferred treatment on its largest formulary, but requires that patients first try two older preventive therapies and a triptan, a family of generic drugs used to treat acute migraine. Lilly's Emgality will be covered under the same terms. Amgen and Lilly will also begin next April to refund part of the drug cost if a migraine patient stops treatment within 90 days, indicating that the medication does not work for them or causes too many side effects. That refund, between 25 and 30 percent of the drugs' list price, would be returned to clients of Express Scripts, and comes in addition to the rebates the pharmacy benefit manager has already negotiated. 39 million migraine sufferers "Everyone in the chain is taking some accountability for the cost of the drug," Carter said, adding that the refund means the manufacturers are sharing financial risk if the drugs do not work as well as claimed. Around 39 million Americans suffer from migraine headaches, according to the Migraine Research Foundation. Worldwide migraine drug sales could reach $8.7 billion by 2026, according to analytics firm GlobalData. But Carter estimated that only about 128,000 of the 83 million people who get their prescription drug benefits through Express Scripts will be good candidates for the migraine-prevention drugs. Under the Migraine Care Value program that will launch next April, Express Scripts will have its specially trained pharmacists, nurses and other staff assess appropriate care and access to therapies for patients. The pharmacy benefit manager, which is being acquired by Cigna , created a similar program in 2015 that sharply limited the use of two novel, and expensive, cholesterol drugs — from Amgen and partners Regeneron Pharmaceuticals and Sanofi . For the new migraine drugs "the challenges will likely be right out of the gate, seeing if patients are responding to the therapy," Carter said. The drugmakers have already tried to pre-empt efforts to limit access to the new migraine treatments. Amgen and Lilly are providing two months' supply of the drug for free directly to patients. All three companies have plans to pay nearly all of an individual's out of pocket costs under a commercial insurance plan. In addition, Amgen and Lilly have temporary programs to supply the treatments to patients who are covered by commercial insurance, but are still having trouble getting reimbursed. Some large health insurers, such as Anthem , have similar coverage terms for Aimovig, requiring patients to document how they suffer from a defined number of headaches each month, and show that they have tried older migraine drugs first. Others, including Blue Cross/Blue Shield plans in states like Pennsylvania and Kansas, only cover prescriptions for the new drugs from — or in consultation with — a neurologist or headache specialist, and not a primary care doctor. Some plans have not yet determined coverage terms, meaning each prescription has to go through a lengthy review process.

https://www.cnbc.com/2019/01/07/amgen-ceo-on-drug-price-cut-too-many-patients-struggled-to-pay.html

AMGN

Amgen

Amgen CEO on cholesterol drug price cut: 'Too many patients' were struggling to pay

A glut of patients who were prescribed Repatha, Amgen's treatment for high cholesterol, but couldn't pay for the pricey treatment, were top of mind in the company's decision to cut the drug's cost by 60 percent, Amgen Chairman and CEO Bob Bradway said Monday. In October, Amgen cut the price for a biweekly dose of Repatha, bringing the annual $14,100 total, before discounts and rebates, to roughly $5,850. On Monday, the biotechnology giant announced another 60 percent price slash, this time to the cost of the monthly dose. "We found too many patients were prescribed this therapy, but were struggling to pay for it at the pharmacy counter," Bradway told CNBC in an interview with Jim Cramer. "The reaction so far from physicians and from patients has been very, very encouraging." While the positive reaction in itself may not make up for the money Amgen will lose, the number of patients that will reconsider taking the drug at its lower price was encouraging enough for Bradway, who has been CEO of Amgen since 2012. "What we're finding is that patients that were walking away from the prescription — so, patients whose doctors had already identified them as being at high risk for heart attack and stroke — are now being able to get access to the medicine," Bradway said on "Mad Money." Repatha treats high LDL cholesterol, the kind that heightens the risk of heart attack and stroke. It's also the main reason why $600 billion a year is spend on cardiovascular disease, Bradway said, adding that Repatha lowers LDL levels in patients by 63 percent, on average. Amgen's stock rose 1.35 percent Monday, settling at $198.07 a share. The company made headlines in 2018 for pioneering Aimovig, the first drug specifically intended for migraine sufferers, and has seen that franchise grow by double digits.

https://www.cnbc.com/2018/12/04/amgen-antibody-shows-promise-in-a-myeloma-trial-and-gets-fast-tracked-by-the-fda.html

AMGN

Amgen

Amgen antibody shows promise in a myeloma trial and gets fast-tracked by the FDA

Amgen , updating the first trial of its bispecific antibody for multiple myeloma, said on Monday seven out of 10 patients given the second-highest dose of AMG420 responded to the drug, including four with no detectable cancer. Six patients were still responding at 7.5 months of follow-up, according to research presented in San Diego at the annual meeting of the American Society of Hematology (ASH). The highest trial dose was discontinued due to toxicity. Nearly a third of trial patients developed serious infections and other side effects included nerve damage and liver failure. Amgen said AMG420, which targets a protein linked to multiple myeloma known as BCMA, has been given fast track status by the U.S. Food and Drug Administration. "Based on these data, we plan to open an expanded trial," David Reese, Amgen's head of research and development, said in an interview. "We want to begin exploring quickly enrollment in earlier lines of therapy." Amgen's pipeline of bispecific antibodies, which are designed to attach to a cancer cell and an immune cell, bringing them together so the body's immune system can kill the cancer, are a cornerstone of the biotech company's oncology research. Other companies are exploring different ways to attack the same BCMA target, including bluebird bio , Celgene , and Johnson & Johnson . Earlier at the ASH meeting, bluebird and Celgene presented early trial data showing that experimental cell therapy bb21217 induced responses in 10 out of 12 heavily pre-treated myeloma patients. Bb21217 is a next-generation version of bb2121, the companies' more advanced, but still experimental therapy in a class called CAR-T that requires harvesting a patient's own disease-fighting T-cells, modifying them in a laboratory so they target specific proteins on cancer cells and infusing them back into the patient. The manufacturing process for bb21217 is designed to improve the persistence of the altered cells. J&J, which licensed BCMA-directed CAR-T LCAR-B38M from a unit of China-based GenScript Biotech, on Monday presented updated results from a Chinese study of the cell therapy in 57 previously treated myeloma patients. It showed that 88 percent of patients responded to the treatment, and 74 percent achieved remission. J&J is currently enrolling patients in an international study aimed at validating those findings. Amgen has suggested the "off the shelf" nature of its antibody platform could be an advantage from both a clinical and commercial standpoint, but oncologists say more data is needed. Trial patients are hospitalized for their first cycle of AMG420, after which they receive the drug by continuous 24-hour infusion for four weeks, followed by two weeks off therapy, for up to 10 cycles. Amgen has another BCMA-targeting antibody that lasts longer in the body, requiring less frequent infusions, but that research is at an earlier stage. In the current study, 42 patients with multiple myeloma that worsened after at least two prior treatments were given AMG420 at varying doses. A total of 13 patients responded to the treatment, including seven who achieved remission. Of the 20 patients with serious adverse events, 17 required hospitalization and four had prolonged hospitalization.

https://www.cnbc.com/2020/08/31/stocks-making-the-biggest-moves-in-the-premarket-honeywell-amgen-salesforce-apple-ge-more.html

AMGN

Amgen

Stocks making the biggest moves in the premarket: Honeywell, Amgen, Salesforce, Apple, GE & more

Take a look at some of the biggest movers in the premarket: Honeywell (HON), Amgen (AMGN), Salesforce.com (CRM) – Honeywell, Amgen and Salesforce become members of the Dow Jones Industrial Average as of today, replacing Pfizer (PFE), Exxon Mobil (XOM) and Raytheon Technologies (RTX). Apple (AAPL) – Apple begins trading on a post-split basis today, following its 4-for-1 stock split. With the reduction in Apple's per-share price, UnitedHealth (UNH) now has the highest stock price among the 30 Dow stocks. Separately, the legal battle between Apple and Fortnite creator Epic Games escalated as Apple terminated Epic's account in its App Store. Tesla (TSLA) – Tesla will also begin trading on a post-split basis today, following a 5-for-1 stock split. AT&T (T) – AT&T is exploring options for its DirecTV unit, according to people familiar with the matter who spoke to The Wall Street Journal. Apollo Global Management (APO) is said to be among the interested bidders for the satellite TV operator. Reports of a potential deal for DirecTV are lifting the shares of satellite TV rival Dish Network (DISH). Gilead Sciences (GILD) – The Food and Drug Administration expanded the emergency use authorization for Gilead's antiviral drug remdesivir, allowing use in all hospitalized patients with Covid-19. Previously, the treatment had been approved only for people with a severe form of Covid-19. BlackRock (BLK) – BlackRock received approval from China regulators to set up a mutual fund unit in that country, becoming the first global asset manager to receive such approval. Beyond Meat (BYND) – Citi upgraded the plant-based burger maker's stock to "neutral" from "sell," noting its underperformance since early July and its better-than-expected topline growth and saying the stock now offers a more balanced risk/reward profile. Philips (PHG) – The Dutch medical equipment maker said the U.S. government has canceled the bulk of an order for 43,000 ventilators, and it has cut its 2020 earnings outlook as a result. A U.S. House panel had determined last month that the government had overpaid Philips by at least $500 million. Aimmune Therapeutics (AIMT) – Switzerland's Nestle will pay $2 billion to acquire full ownership of the U.S.-based biopharmaceutical company, best known for its Palforzia treatment for peanut allergies. Nestle already had a 25.6% stake in Aimmune, and will pay $34.50 per share for the remainder compared to Aimmune's Friday closing price of $12.60. General Electric (GE) – JPMorgan Chase analyst Stephen Tusa removed his price target on GE, citing the lack of forward visibility. The firm's rating on GE remains at "neutral," although the report said the fair value of the stock is likely less than $5 per share. Yum China (YUMC) – The restaurant operator has begun taking orders for a secondary share listing in Hong Kong that could raise more than $2.5 billion, according to The Wall Street Journal. United Airlines (UAL) – The airline said it would permanently eliminate ticket change fees, as it tries to woo customers back after the pandemic-induced travel demand slump. United's standard domestic ticket change fee had been $200. Berkshire Hathaway (BRKB) – Berkshire acquired stakes of just over 5% in five large Japanese companies, including Mitsubishi, Mitsui and Sumitomo. Berkshire said it regarded the purchases as long-term investments and that it may boost its stakes to as high as 9.9%.

https://www.cnbc.com/2020/08/24/salesforce-amgen-and-honeywell-added-to-dow-in-major-shakeup-to-the-average.html

AMGN

Amgen

Salesforce, Amgen and Honeywell added to Dow in major shake-up to the average

Major changes are coming to the Dow Jones Industrial Average . S&P Dow Jones Indices said Monday that three new companies will be joining the 30-stock benchmark. Salesforce.com will replace Exxon Mobil , Amgen will replace Pfizer and Honeywell International will replace Raytheon Technologies . The changes will go into effect before the market opens on Monday, August 31. The shake-up was prompted by Apple's decision to enact a 4-for-1 stock split, which would significantly reduce the benchmark's exposure to the information technology sector. "Basically Apple — by itself — took the technology [weighting] within the Dow down from 27.6% to 20.3%. It's a significant decline," Howard Silverblatt, senior index analyst at S&P Dow Jones Indices, told CNBC. "By adding Salesforce, you can come back to 23.1% of the Dow being in technology." As a result of Apple's 4-for-1 stock split, its ranking is set to drop from the most heavily-weighted component down to the 17th most influential. The 124-year-old blue-chip average is price-weighted, meaning stocks with higher share prices are given greater weighting. The S&P 500, on the other hand, is based on market capitalization. Apple has soared more than 70% this year, on the way becoming the first U.S. company to hit a $2 trillion market capitalization. The tech name has contributed more than 1,400 points to the Dow in 2020, making it by far the largest contributor. Without Apple's heavy-lifting, many on Wall Street believe the Dow could have a harder time catching up with the S&P 500 and the Nasdaq Composite , which have already reclaimed their respective records. Stock splits within the index are rare. Silverblatt noted that the last was Nike's 2-for-1 split in Dec. 2015, and said that Apple's coming split will be just the 18th since 1999. Based on Monday's closing prices, UnitedHealth Group will become the most heavily weighted component in the Dow, followed by Home Depot and Amgen. Salesforce will be the sixth most weighted stock, and Honeywell the 11th, according to S&P Dow Jones Indices. Silverblatt added that the 3-stock shake-up is "extremely unusual." "This is a massive amount, especially when you add in Apple, which re-weights it significantly. So we expect to see a lot of action on it, a lot of buying and selling," he said. The last time three simultaneous changes occurred was 2013, when Goldman Sachs, Nike and Visa replaced Alcoa, Bank of America and Hewlett-Packard. Monday's stock swap announcement also encapsulates the changing picture of the market. The moves "help diversify the index by removing overlap between companies of similar scope and adding new types of businesses that better reflect the American economy," S&P Dow Jones Indices said in a statement. Exxon has been a Dow component for nearly 100 years. It was first added as Standard Oil of New Jersey in 1928 when the benchmark expanded from 20 stocks to 30. Pfizer was added in late 2004. For Honeywell, it's a return to the Dow after it was removed in Feb. 2008. The announcement puzzled some on the Street. "I'm surprised by the news as energy still powers the world but we know how out of favor it is," said Peter Boockvar, chief investment officer at Bleakley Advisory Group. "I'm not sure there is much difference between PFE and Amgen nor Honeywell and Raytheon." Companies typically covet a spot on the blue chip index, but it doesn't necessarily come with a boost for shares. Walgreens is the most recent addition to the Dow, and its shares are down 40.9% since it was added on June 26, 2018. The Dow has gained about 55% from its March 23 low, sitting 4% below its all-time high of 29,568.57 from Feb.12. Shares of Salesforce and Amgen jumped 4% in extended trading on Monday following the news, while Honeywell advanced 3%. Exxon, Pfizer and Raytheon were all down about 2% in after hours trading. - CNBC's Yun Li, Fred Imbert and Kevin Stankiewicz contributed reporting.

https://www.cnbc.com/2019/10/30/stocks-making-the-biggest-moves-premarket-ge-yum-molson-coors-garmin-amgen-more.html

AMGN

Amgen

Stocks making the biggest moves premarket: GE, Yum, Molson Coors, Garmin, Amgen & more

Check out the companies making headlines before the bell: General Electric – General Electric reported quarterly profit of 15 cents per share, 4 cents a share above estimates. Revenue also exceeded forecasts and GE raised its full-year cash flow forecast. Yum Brands – Yum earned an adjusted 80 cents per share for its latest quarter, 14 cents a share shy of consensus forecasts. Revenue also came in below estimates, hurt by a weaker-than-expected performance at its Pizza Hut and KFC units. Anixter International – The software company agreed to be acquired by private-equity firm Clayton, Dubilier & Rice for $81 per share in cash. The total value of the deal is $3.8 billion including assumed debt, with the transaction expected to close by the end of 2020's first quarter. Molson Coors – The beer brewer fell a penny a share short of estimates, with quarterly profit of $1.48 per share. Revenue also came in short of forecasts and Molson Coors announced a restructuring that will slash up to 500 jobs. Garmin – The GPS and fitness device maker earned $1.19 per share for its latest quarter, well above the 95 cents a share consensus estimate. Revenue also topped forecasts. Garmin saw better-than-expected results in all its units, as well as higher-than-expected profit margins. Tupperware – Tupperware earned an adjusted 43 cents per share, well short of the 62 cents a share consensus estimate. The housewares maker's revenue also came in short of forecasts. The company said it was experiencing challenging trends in markets like the U.S., China, Canada, and Brazil. Tupperware also cut its full-year earnings outlook. Johnson & Johnson – J&J said its testing found no asbestos in its Johnson's Baby Powder. That testing included a single bottle that the Food and Drug Administration had said contained trace amounts of asbestos, prompting J&J to recall a lot of 33,000 bottles earlier this month. Fiat Chrysler – Fiat Chrysler said it was in talks about a possible merger with Peugeot maker PSA that could create a combined company worth about $50 billion. Fiat Chrysler had abandoned talks earlier this year to merge with France's Renault. Amgen – Amgen reported quarterly profit of $3.66 per share, 13 cents a share above estimates. The biotech company's revenue also beat forecasts and Amgen raised its full-year guidance amid strong sales of its biosimilar drugs. Electronic Arts – Electronic Arts reported quarterly profit of 96 cents per share, 10 cents a share above estimates. The video game maker's revenue also topped estimates. Electronic Arts saw stronger digital sales, including game downloads and in-game purchases. Mattel – Mattel came in 10 cents a share above estimates, with quarterly profit of 26 cents per share. The toy maker's revenue was slightly above Wall Street forecasts. Mattel also said it is restating some past earnings following an internal investigation into accounting issues, and the company's chief financial officer is resigning. Mondelez International – Mondelez reported quarterly profit of 64 cents per share, 4 cents a share above estimates. Revenue was slightly above forecasts. The snack maker raised its full-year outlook, as sales volume increases across its major markets. FireEye – FireEye raised its annual revenue guidance, after doubling estimates by reporting quarterly profit of 2 cents per share. The cybersecurity company's revenue also beat forecasts as it sold more cloud subscriptions. Advanced Micro Devices – AMD reported adjusted earnings of 18 cents per share, in line with Street forecasts. Revenue was very slightly below estimates, although the chipmaker reported better-than-expected results for its data center business. Yum China – Yum China beat analyst estimates by 3 cents A share, with quarterly profit of 58 cents per share. The restaurant operator's revenue was below forecasts, however, as were comparable-restaurant sales at KFC, Pizza Hut, and Taco Bell. Sony – Sony reported its best-ever second-quarter profit, driven by strong sales of its image sensors. Sales helped offset a drop in earnings from Sony's gaming division. Edison International – Edison's Southern California Edison unit said its equipment will likely be found to have been associated with a 2018 California wildfire that damaged more than 1,000 homes in Los Angeles and Ventura counties.

https://www.cnbc.com/2019/01/25/cvs-to-cover-migraine-drugs-from-teva-and-lilly-but-excludes-amgen.html

AMGN

Amgen

CVS to cover migraine drugs from Teva and Lilly, but excludes Amgen

CVS Health , a top U.S. manager of pharmacy benefits, has added new migraine drugs from Teva Pharmaceutical Industries and Eli Lilly to its list of covered drugs, excluding a rival treatment from Amgen , a CVS spokeswoman told Reuters on Friday. CVS's decision represents a setback for sales of Amgen's Aimovig, as many patients who rely on the coverage list will now have easier access to the rival Teva and Lilly drugs. Inclusion on the preferred drugs lists by the largest pharmacy benefit managers (PBMs) and health insurers is seen as critically important for sales of new medicines. About 39 million Americans suffer from migraine headaches, according to the Migraine Research Foundation, and global migraine drug sales could reach $8.7 billion by 2026, according to analytics firm GlobalData. Shares of Amgen, which was not immediately able to comment, fell 1.3 percent to $198.38. Teva shares traded in New York were up 1.6 percent at $19.65, while Lilly was off 0.2 percent at $114.72. The move by CVS is a positive development for Teva, whose drug was initially excluded from the list of covered drugs by Express Scripts, another large U.S. PBM. Its status recently changed and it may appear on some coverage lists, but likely with a higher out-of-pocket cost, Express Scripts said on Friday. Teva's Ajovy and Lilly's Emgality will be available to members who have tried and failed to be helped by other preventive migraine treatments, CVS spokeswoman Christine Cramer said in an emailed statement. The treatments belong to a class of drugs called CGRP inhibitors that have proven effective in helping to prevent migraines, and whose prices were backed as cost effective by the Institute for Clinical and Economic Review, Cramer said. ICER is a non-partisan research organization that reviews the clinical and economic value of medicines. Cramer did not provide a reason for why the company had excluded Amgen. PBMs typically extract discounts from drugmakers in return for favorable placement on their list of covered drugs, such as through a low co-payment, or coinsurance payment, for their members. A Teva spokeswoman said in a statement that 60 percent of commercial patients now have access to Ajovy through covered drug lists and that discussions are continuing with other national and regional payers. All three migraine drugs have a list price of $575 a month, or $6,900 a year. Those prices do not reflect rebates and discounts drugmakers typically provide to PBMs, who design and negotiate benefits for employers and insurers. All three companies have said that they are providing a limited duration supply of these drugs at no cost directly to patients in addition to other assistance programs. Amgen was the first of the three companies to launch a drug in the new class. The rival drugs from Teva and Lilly, which work in a similar manner, came on the market soon after. Nasdaq boosted by chip rally CVS' policy is similar to that of Express Scripts, which requires patients first try two older preventive therapies and a triptan, a family of generic drugs used to treat acute migraine. Express is now part of Cigna . Lilly was not immediately available for comment.

https://www.cnbc.com/2019/12/16/stocks-making-the-biggest-moves-premarket-dupont-amarin-boeing-disney-pge-amgen-more.html

AMGN

Amgen

Stocks making the biggest moves premarket: DuPont, Amarin, Boeing, Disney, PG&E, Amgen & more

Check out the companies making headlines before the bell: International Flavors & Fragrances (IFF) – IFF will be combined with DuPont's (DD) nutrition business, under a deal struck over the weekend. DuPont shareholders will own 55.4% of the combined company, with IFF's shareholders owning the rest. DuPont will also receive a $7.3 billion cash payment. Amarin (AMRN) – Amarin received Food and Drug Administration (FDA) approval for its Vascepa drug, designed to reduce the incidence of heart attacks and strokes in high-risk patients. Amarin boosted its 2020 financial outlook following news of the approval. Horizon Therapeutics (HZNP) – Horizon said an FDA advisory committee voted to recommend approval of a new treatment for thyroid eye disease. The full FDA is expected to issue a decision on the drug by March, according to the company. Spark Therapeutics (ONCE) – A takeover of Spark by Swiss drugmaker Roche has won clearance from British regulators. The companies are still awaiting US approval for the $4.3 billion deal. Boeing (BA) – Boeing is mulling whether to halt or cut production of its grounded 737 Max jet, according to multiple reports. Boeing issued a statement in response to the story, saying it would continue to assess production decisions based on the timing and conditions of a return to service for the 737 Max. Walt Disney (DIS) – The company's Disney+ streaming service will debut in France in late March, after the company struck a deal with Vivendi's Canal+ platform. It's not know how much Canal+ plans to charge for the service. Live Nation Entertainment (LYV) – Live Nation will reportedly face legal action from the Justice Department, according to The Wall Street Journal. The paper said the concert promoter will face allegations that it has sought to strong-arm venues into using its Ticketmaster subsidiary for ticket sales. More positive news on Live Nation: it will join the S&P 500, along with Zebra Technologies (ZBRA) and STERIS (STE), effective prior to the open of trading on Dec. 23. The stocks will trade places with Affiliated Managers Group (AMG), TripAdvisor (TRIP), and Macerich (MAC), which will move to the S&P MidCap 400. PG&E (PCG) – The utility's bankruptcy reorganization plan has been rejected by California Gov. Gavin Newsom. The governor said the proposal does not comply with a recently enacted state wildfire law. Urban Outfitters (URBN) – The apparel retailer was downgraded to "hold" from "buy" at Loop Capital, which expressed concern about intensifying promotional activity among specialty apparel sellers. Amgen (AMGN), UnitedHealth (UNH) – The biotech firm and the health insurer were both added to the "Conviction Buy" list at Goldman Sachs. Goldman's outlook for Amgen is above the Street's consensus, based on the company's product pipeline and receding headwinds. For UnitedHealth, Goldman points to near-term earnings power and the likelihood that Wall Street will be raising earnings estimates for the company. British American Tobacco (BTI) – The tobacco producer received a double upgrade at Bank of America Securities, to "buy" from "underperform." Bank of America feels that the company's recent portfolio reorganization show a needed sense of urgency and that near-term regulatory risk has lessened.

https://www.cnbc.com/2019/02/26/sanofi-regeneron-lose-us-patent-challenge-to-amgens-cholesterol-drug.html

AMGN

Amgen

Sanofi, Regeneron lose US patent challenge to Amgen's cholesterol drug

A research associate performs a buffer exchange for protein formulation at Amgen, a drug research and development laboratory. Biotech company Amgen said on Monday a U.S. jury confirmed the validity of patents on its cholesterol drug Repatha, rejecting a challenge by Regeneron Pharmaceuticals and Sanofi . Sanofi and Regeneron had stipulated that if the two Amgen patents were valid, their jointly developed cholesterol drug Praluent infringed them. Amgen Chief Executive Robert Bradway said in a statement that the company was "thankful that the jury weighed the evidence carefully and recognized the validity of Amgen's patents." Regeneron and Sanofi said in a statement they disagreed with aspects of the ruling and would seek to have it overturned. "We will continue to vigorously defend our positions against Amgen's overly broad patent claims," Joseph LaRosa, Regeneron's general counsel, said in the statement. Thousand Oaks, California-based Amgen won a similar verdict in 2016, as well as a court order blocking Praluent sales, but an appeals court set aside the victory and ordered a new trial.

https://www.cnbc.com/id/31808122

APH

Amphenol

Market Insider: Earnings Loom in the Week Ahead

Goldman Sachs strategist David Kostin says the stock market's next phase will be decided by the earnings season. In a note, he said the market needs to see sequential improvement in non financial companies' earnings; margin stabilization, and an "upward inflection" in company comments on the outlook for the second half and 2010. Kostin said that based on his recent discussions with Goldman clients, it appears investors have "adopted a wait-and see mindset ahead of 2Q results." Analysts expect to see about a 36 percent decline in second quarter earnings. "The bears argue that the market will decline to the 800 level (on the S&P 500) and emphasize the weak employment situation and the rising savings rate. The more bullish investors cite the potential for positive EPS surprises which could push the market closer to 1000," he wrote. The market has been sliding sideways to lower in recent weeks as investors fret the economy's recovery efforts are weaker than previously expected. Stocks have backtracked about 9 percent from June's highs. The Dow in the past week was down 1.6 percent at 8146; the S&P 500 fell 1.9 percent to 879, and the Nasdaq was off 2.3 percent at 1756. "The thing that impresses me most is the dominance of doubt here," said Jim Paulsen, chief investment strategist at Wells Capital Management. From 'Mad Money': Paulsen said Wall Street and Main Street are showing signs of improvement, yet there's an investor paralysis about stocks. For instance, the trade deficit reported Friday was at its narrowest level in nine years, but the market focused instead on a weaker consumer sentiment report. "Nobody gives it any credence, and I think that's interesting. I like the dominance of doubt, and what that does for me as an investor with so many people waiting for this pull back. I don't think it can pull back much further." "You've got a lot of people sitting on the sidelines, waiting for it, willing to buy on a dip. You've got the two things you might accuse of putting us in a trading range - the surge in oil and the surge in long rates. Guess what? They both reversed," he said. At the end of the week, the 10-year was yielding 3.29 percent, well below the 4 percent it hit in June. Oil declined a stunning 10.3 percent in the past week, closing Friday at $59.89 per barrel, its first settle below $60 since mid May. Richard Bernstein, president of Richard Bernstein Capital Management and former chief strategist at Merrill Lynch, agrees that the decline in oil is a positive. Oil has fallen, with other commodities, as fears about a recovery have risen. "You don't want high oil prices. That's an end of cycle phenomena...The more they fall, the better," said Bernstein, who is also a CNBC contributor. This has not made Bernstein more bullish on stocks, however. "I'm neither here nor there. I don't think it's a time to be wildly bullish...Could we hit a new low? Yeah, we might, but I think it's pretty clear that monetary and fiscal stimulus are behind us. I think we're in this period where you want to be normally weighted in stocks, but I don't think it's time to be wildly aggressive," he said. Bernstein said the realization that the economic recovery is wobbly has spooked some investors and shows the stock market got ahead of itself. He sees choppy trading through the summer. "We're probably going to get a series of pretty good entry points into the market, and I actually think the market's going to be much better in the second half of 2010. That's when I think fiscal and monetary stimulus will kick in. People are just too impatient," he said. Patrick Kernan, who trades S&P 500 options, said the coming week looks like it could be quiet for stocks, but there could be surprises because of options expirations Friday. "The near term (market) call with expiration week is pretty darn tough because of the volatility," said Kernan, who trades with Cardinal Capital. "I think the fact we're below the 200-day moving average (882) is negative," he said. "What I was looking for was if we closed below 871 (Friday), it would be negative for next week. If we closed above 883, I thought that would be positive. I think the fact we sat and didn't do anything I think is indicative that we're going to be a little range bound for a good portion of the week." Econorama In Treasurys, there could be some volatility as the market heads into its own summer doldrums. "You're going to have a slow, tortuous grind," said Michael Franzese, head of Treasurys trading at Standard Chartered. He said the market will focus on the weekly jobless claims data, reported Thursday. Other data in the week ahead includes inflation data, reported Tuesday, with PPI and Wednesday with CPI. Housing data comes towards the end of the week, with the latest mortgage applications data Wednesday; the National Association of Home Builders survey Thursday, and housing starts Friday. More From CNBC.com The monthly federal budget statement is reported Monday. Retail sales and business inventories are released Tuesday. The Empire State survey and industrial production are out on Wednesday morning. The minutes of the last FOMC meeting are released by the Fed Wednesday afternoon. The Treasurys international capital flow data is released Thursday. The Philadelphia Fed survey is also issued that morning. What Else to Watch Treasury Secretary Tim Geithner travels to Europe and the Middle East. On Thursday, former Treasury Secretary Hank Paulson appears before a House committee to testify on his role in the Bank of America, Merrill Lynch merger. Court hearings are scheduled to start Monday before a civil court in Miami in the government's case against UBS. The IRS is seeking the identity of UBS American depositors who had undeclared bank accounts between 2002 and 2007. The Senate Judiciary Committee Monday holds a confirmation hearing on the nomination of Sonia Sotomayor to the Supreme Court. The Bank of Japan has a rate decision Tuesday, and China's second quarter GDP is reported Wednesday. Earnings Central On Monday, CSX and Novellus report. Earnings season gets busy Tuesday with the release of Intel , Goldman Sachs , Johnson and Johnson and Yum Brands . Wednesday's the day for Abbott Labs and Gannett reports. On Thursday, JPMorgan Chase , Google , IBM and Nokia report. Also reporting Thursday are Marriott , Baxter , Biogen Idec , Genuine Parts , Novartis , Harley-Davidson , and Amphenol report. On Friday, General Electric, Bank of America , Citigroup , Mattel , and BB&T report. Dell's analyst day is Thursday. Questions? Comments? marketinsider@cnbc.com

https://www.cnbc.com/id/35820198

APH

Amphenol

March 11: Unusual Volume Leaders

What follows is a look at stocks in the S&P 500 displaying unusual volume in today's trading session. Some of the highlights include: EQT (EQT), Zimmer Holdings (ZMH), Huntington Bancshares (HBAN) and Amphenol (APH). >> LED Revolution and the Semiconductors Leading It

https://www.cnbc.com/id/29530122

APH

Amphenol

Lightning Round OT: MasTech, Lloyds and More

Lloyds : Sell, sell, sell, Cramer said. Amphenol : The stock isn’t cheap, nor does the company offer a dividend, so Cramer can’t recommend APH. MasTec : While President Obama is spending less on infrastructure than expected, Cramer still likes this stock. He thinks we could still get a sizable build-out in the future. Questions for Cramer? madmoney@cnbc.com Questions, comments, suggestions for the Mad Money website? madcap@cnbc.com

https://www.cnbc.com/id/28656085

APH

Amphenol

Stock Picker: Buy This Diversified Portfolio (Pt. 2)

An investment strategy in a single word? Edward Lewis of Atlantic Equities thinks the word is "diversity." "I wouldn't be putting (my money) in one sector," Lewis told CNBC. "My concern is that visibility is very tough." Some stocks make his list because they're likely to show price improvement the soonest; others, because although it's going to be a long road back, they pay generous, reliable dividends. Recommendations : On his list are Amphenol, Chubb, Aon, and Sysco. (See Part 1 for five more Lewis picks: Financial, Agriculture and more)

https://www.cnbc.com/2016/10/20/your-first-move-for-thursday-october-20.html

APH

Amphenol

Your first move for Thursday, October 20

Pete Najarian is a buyer of Bank of America (BAC). The " Fast Money " traders gave their final trades of the day. Trader disclosure: On October 20 the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: PETE NAJARIAN is long AAPL, BAC, DIS, DISCA, GE, KMI, KMIA, KO, LUX, MRK, PEP, PFE CALLS: AAL, ABT, AMD, ATVI, BABA, BAC, BBY, BHI, BSX, CNX, COP, COTY, CRM, CS, CSCO, CXW, DAL, DISH, ECA, ETP, gm, GS, HAL, INTC, JBLU, JCP, KBE, KGC, KMI, KO, LLY, LOW, M, MOS, MRO, MRVL, MUR, NAV, NBR, P, RIO, SBUX, SLV, TMUS, TTS, TV, TWTR, VRX, WFT, WLL, XLF. Puts: CLF, EEM, MBLY, WFC TIM SEYMOUR is long ABX, APC, AVP, BAC, BBRY, CLF, DO, DVYE, EDC, EWZ, F, FB, FCX, FXI, GM, GOOGL, GE, INTC, LQD,MCD, MUR, OIH, PG, RACE, RAI, RH, RL, SINA, T, TWTR, VALE, VZ, XOM. short: SPY, XRT; Tim's firm is long ABX, BABA, BIDU, CBD, CLF, EWZ, F, KO, MCD, MPEL, NKE, PEP, PF, SAVE, SBUX, SINA, VALE, VIAB, WMT, WEN, X, YHOO, short EWG, HYG, IWM DAN NATHAN is long TWTR, PYPL long Oct calls, XHB long Jan put spread, XLU long Dec call Spread, XLK long Jan Put spread, XRT long Jan put spread, PG long Dec put spread, EEM long Nov put spread GUY ADAMI is long CELG, EXAS, GDX, INTC, Guy Adami's wife, Linda Snow, works at Merck.

https://www.cnbc.com/2016/10/19/morgan-stanley-ebay-mattel-earnings-front-and-center-on-wall-street-fed-beige-book-eyed.html

APH

Amphenol

Earnings front and center on Wall Street; Fed Beige Book eyed

U.S. stock index futures pointed to a flat to slightly higher open on Wednesday, as investors got ready to wade through another influx of earnings reports, while monitoring for news on the Federal Reserve. Earnings are set to be front and center, as big U.S. brands are set to report. Out of the group, investors will be watching for financial news out of American Express , eBay , and Mattel . Halliburton posted mixed quarterly results, missing on revenue but beating on earnings. Meanwhile, Morgan Stanley shares rose 1 percent before the bell after easily beat profits estimates. Investors will also be paying attention to the U.S. central bank, as key Fed officials speak on Wednesday, before and after the release of its Beige Book, due out at 2 p.m. ET. San Francisco Fed President John Williams is set to speak at a conference hosted by Rutgers University around 8:45 a.m. ET. The event is expected to explore the issues impacting opportunities for minorities and women in the financial services industry. Dallas Fed President Robert Kaplan will also chime in, speaking at the Mayor's International Luncheon in Fort Worth, Texas, which takes place in the early afternoon. New York Fed President William Dudley will be at The Lotos Club discussing New York's economic history, at 7:45 p.m. ET. Elsewhere on the data front, housing starts fell 9 percent in September. Mortgage applications rose 0.6 percent last week.

https://www.cnbc.com/2015/02/25/your-first-trade-for-thursday-february-26.html

APH

Amphenol

Your first trade for Thursday, February 26

Trader disclosure: On February 25, 2015, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Tim Seymour is long AAPL, BAC, C, DIS, F, GE, GM, GOOGL, INTC, JCP, SUNE, Tim's firm is long BABA, BIDU, MCD, NKE, NOK, SBUX, VIP. Dan Nathan is long BBRY June call spread, KO March put spread, M March 65/67.50 call spread, MSFT March call spread, MU March 31/26 put spread, SHAK, XLF March put spread, XRT March 90/85 put spread. Brian Kelly is long BTC=, US Dollar, GLD, CTRL calls, HYG puts, BBRY, BBRY call spreads, TLT, he is short EWA, EWG, EWQ, EWZ, EWW, Australian Dollar, British Pound, Canadian Dollar, Yen, Yuan, today he bought BBRY. Jon Najarian is long ABT, ADP, AMAT, AN, ATVI, AUY, BRCM, BSX, CZR, DNKN, EQT, GE, GT, HFC, HOG, HUN, INFN, KBH, KO, MW, NEE, NRG, NSAM, OKE, POST, RIG, RKUS, SFUN, SIRI, SPG, SYK, TWTR, TWX, WBA, WMB, WNR, XLE, he is long calls BYD, CZR, EQT, EWJ, HOG, RKUS, TWTR, today he bought CZR, CZR calls, GE, HFC, HOG, HOG calls, SPG, WNR calls. Jim Suva is an analyst at Citigroup. Citigroup Global Markets Inc. and/or its affiliates has a significant financial interest in relation to Amphenol Corp, Hewlett-Packard Co, International Business Machines Corp, Apple, Inc.

https://www.cnbc.com/2013/10/11/your-first-trade-for-monday-oct-14.html

APH

Amphenol

Your first trade for Monday, Oct. 14

Pete Najarian was a buyer of BX. Mike Murphy was a buyer of HTZ . Stephen Weiss was a buyer of GILD . Jon Najarian was a buyer of VLO . Trader disclosure: On Oct. 11, 2013, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Guy Adami is long C; Guy Adami is long GS; Guy Adami is long INTC; Guy Adami is long MSFT; Guy Adami is long AGU; Guy Adami is long NUE; Guy Adami is long BTU; Guy Adami's wife, Linda Snow, works at Merck; Dan Nathan is AAPL Long Nov Calls; Dan Nathan is TSLA long Oct Put butterfly; Dan Nathan is NFLX long Oct Put Butterfly; Dan Nathan is XOM Long Nov Call Butterfly; Dan Nathan is GLD Long Dec Put Butterfly; Dan Nathan is WFM long Nov Put Butterfly; Dan Nathan is HD long Nov/Dec Put Spread; Dan Nathan is JNJ Long oct / nov put spread; Dan Nathan is JPM long Oct25th put spread; Tim Seymour is long BAC; Tim Seymour is long SBUX; Tim Seymour is long TSO; Tim Seymour is long VALE; Josh Brown is long VAW; Frederick Cannon is long BAC; Frederick Cannon is long C; Frederick Cannon is long GS; Frederick Cannon is long JPM; Frederick Cannon is long WFC; Jon Najarian is long AAPL; Jon Najarian is long C; Jon Najarian is long GLD; Jon Najarian is long FB; Jon Najarian is long MSFT; Jon Najarian is long GRPN; Jon Najarian is long WYNN; Jon Najarian is long THC; Jon Najarian is long CYH; Jon Najarian is long HCA; Jon Najarian is long VLO; Stephen Weiss is long C; Stephen Weiss is long BAC; Stephen Weiss is long AIG; Stephen Weiss is long GILD; Michael Murphy is long BAC; Michael Murphy is long C; Michael Murphy is long FB; Michael Murphy is long MU; Michael Murphy is long F; Pete Najarian is long AAPL; Pete Najarian is long calls C; Pete Najarian is long calls WFC; Pete Najarian is long calls INTC; Pete Najarian is long calls YHOO; Pete Najarian is long SBUX; Pete Najarian is long stock FB; Pete Najarian is long calls FB; Pete Najarian is long calls MSFT .

https://www.cnbc.com/id/46041054

APH

Amphenol

Stocks on the Move Now

Shares of the following companies are showing unusual moves in Wednesday's trading session . Among the winners, Net 1 UEPS Tech rose sharply after the payment and transaction services firm said it was awarded a contract for the distribution of social grants in all of South Africa's provinces for five years. To the downside, shares of State Street fell after one of the nation's largest trust banks said it expects weakness in global capital markets to continue in 2012, leading the firm to accelerate its expense control program.

https://www.cnbc.com/id/48225158

APH

Amphenol

Stocks to Watch: JCP, HPQ, PG & More

Capitol One fell after agreeing to pay $210 million to settle charges that it pressured credit card customers to buy extra credit card products. The bank also announced it would release its second-quarter earnings after the bell Wednesday, a day earlier than expected. Tiffany rose after Goldman upgraded the upscale jewelry retailer to "buy" from "neutral," adding the company's long-term brand franchise remains rock solid. Saks fell after Goldman downgraded the company to "sell" from "neutral," citing the weakening economic environment. WW Grainger soared after it reported better-than-expected earnings and boosted the low-end of its fiscal year outlook. Ford and General Motors gained after JPMorgan initiated coverage on both with an "overweight" rating. Anadarko rose after the announcement that its drilling partner has struck oil in Ghana. Air Methods jumped after the air medical emergency transport services company raised its second-quarter guidance. Agrium rose after the company raised its second-quarter and fiscal first-half earnings guidance. Other fertilizer stocks, including CF Industries, Potash and Mosaic were also higher.

https://www.cnbc.com/2013/11/27/midday-movers-apple-denneys-analog-devices.html

ADI

Analog Devices

Midday movers: Apple, Denny's & Analog Devices

Take a look at some of Wednesday's midday movers: Abercrombie & Fitch - An FBR analyst says the teen retailer has the best value among its peers in a potential LBO situation. Hewlett-Packard - The technology bellwether reported a profit for its latest quarter, and a less of a revenue drop than Wall Street had expected. Analog Devices - Shares fell sharply after the company forecast first-quarter profit beneath expectations.

https://www.cnbc.com/2023/08/23/cramer-on-analog-devices-there-are-semis-that-arent-hitting-it-out-of-the-park.html

ADI

Analog Devices

Cramer warns: 'There are semis that aren't hitting it out of the park,' including this stock

Missed quarterly results and light guidance from Analog Devices (ADI) is a reminder that it's not sunshine and rainbows across the entire chip industry, CNBC's Jim Cramer said Wednesday. Shares of Analog Devices — which makes data converters, sensors and other semiconductor products used across industrial, automotive, communications and consumer markets — fell more than 4% at their lows Wednesday, before recovering most of its losses. The stock has advanced around 5.5% year to date, compared with a nearly 39% gain for the PHLX Semiconductor Sector Index . If you like this story, sign up for Jim Cramer's Top 10 Morning Thoughts on the Market email newsletter for free. "Remember, there are semis that aren't hitting it out of the park," Cramer said on "Squawk on the Street." His comments come ahead of Nvidia 's (NVDA) much-anticipated earnings report after the close Wednesday. Shares of Nvidia — which is owned by Cramer's Charitable Trust, the portfolio used for the CNBC Investing Club — have more than tripled this year. Analog's industrial and automotive segments — its two largest by revenue — reported good numbers Wednesday morning, Cramer said. The main culprit for the disappointment is its consumer business, Cramer added, pointing to concerns about spending on personal electronics. "The consumer, again, is weak."

https://www.cnbc.com/id/100975321

ADI

Analog Devices

After-hours buzz: Analog Devices, Intuit, La-Z-Boy & more

Check out which companies are making headlines after the bell Tuesday: Analog Devices reported fiscal third-quarter earnings of 57 cents per share excluding items, beating forecasts for 54 cents per share. Revenue came in at $674 million, ahead of Street estimates for $671.8 million. For the fourth-quarter the chip company sees earnings of 55 cents to 61 cents per share, versus estimates for 39 cents per share. The stock fell in late trading. Business and tax software company Intuit broke even on a per share basis excluding items for its fiscal fourth quarter, on revenue of $634 million. Earnings met expectations but sales were better than the $622 million the Street was looking for. Looking ahead, Intuit sees a first-quarter loss of 10 cents to 11 cents per share on revenue of $595 million to $605 million. It also hiked its quarterly dividend by 12 percent. Intuit shares were lower in after-hours trading.

https://www.cnbc.com/2024/01/04/top-stocks-to-watch-on-wall-street-thursday.html

ADI

Analog Devices

Here are Thursday's biggest analyst calls: Nvidia, Apple, Nike, Home Depot, GM, Wells Fargo, Coinbase and more

Here are the biggest calls on Wall Street on Thursday: Piper Sandler downgrades Apple to neutral from overweight Piper Sandler said in its downgrade of the stock that it's concerned about handset inventories. "We are downgrading AAPL to Neutral given our updated outlook for the broader handset environment in 1H24." Morgan Stanley upgrades Allstate to overweight from equal weight Morgan Stanley said in its upgrade of Allstate that it's underappreciated. "Underappreciated Story in a Favorable Market Environment; Upgrade to Overweight." Roth MKM downgrades Mattel to hold from buy Roth MKM said in its downgrade of the toy company that there's too much excess inventory. "In our view, Mattel finished 2023 with excess inventory on retail shelves which will once again weigh on 1H results." Barclays downgrades Bath & Body Works to equal weight from overweight Barclays said in its downgrade of the stock that it sees top-line concerns. "downgrade BBWI to EW given concerns about driving top line." Bernstein downgrades Analog Devices to market perform from outperform Bernstein downgraded Analog mainly on valuation. "The company likely has a more resilient profile than peers in a potential downside scenario, with a profile that appears closer to bottom, however valuations have markedly expanded and the shares/earnings may need to grow into the multiple." Bernstein names Nike a best idea Bernstein said Nike is one of the firm's top picks for the next six months. "Meanwhile, the multi-year margin story is still intact, and we model ~20% EPS growth over the next 3 years." Bank of America upgrades Tal Education to buy from neutral Bank of America said it sees improving profitability for the China-based education company. "We upgrade TAL from Neutral to Buy. We raise our FY24-26E non-GAAP EPS by 59-381%, largely due to higher assumptions of K-9 non-academic tutoring growth." KeyBanc downgrades Sunrun to sector weight from overweight KeyBanc downgraded the solar company on valuation. "We are downgrading RUN to SW due to a recent valuation rebound." Jefferies upgrades Murphy USA to buy from hold Jefferies said in its upgrade of the gas station company that it's "well positioned for multiple expansion." "After conducting extensive analyses on the c-store industry, we are upgrading MUSA to Buy from Hold and PT to $425 vs. prev: $375." Evercore ISI upgrades Five Below to outperform from in line Evercore ISI said in its upgrade of the stock that it's "defying gravity and delivering growth." "We are upgrading FIVE with rising spend intention from our survey work, sticky remodel boost…" Mizuho upgrades Emerson Electric to buy from hold Mizuho said in its upgrade of the stock that it's a "barbell play." "We upgrade EMR as a barbell play (long/short cycle exposure)." Piper Sandler reiterates Nvidia as overweight Piper Sandler says the stock is still its top large-cap pick. "We continue to favor NVDA in this end market given its competitive position as the premier full-stack compute supplier." TD Cowen downgrades Pfizer to market perform from outperform TD Cowen said in its downgrade of the stock that it has a "lack of conviction" in the outlook. "After a very challenging 2023, much pessimism appears to be reflected in PFE stock." TD Cowen upgrades Merck to outperform from market perform TD Cowen says the stock's valuation is compelling. " MRK offers greater near-term EPS visibility and solid news flow, yet the stock was only an average performer in 2023, and it sells at a below-average PE multiple." Wells Fargo names Home Depot a top pick Wells Fargo says the stock is a top idea in 2024. " HD: Our Top Pick for '24, with growth/recovery levers, margin recapture, and idiosyncratic Pro opportunity." Wells Fargo downgrades Five Below and BJ's to equal weight from overweight Wells Fargo downgraded Five Below and BJ's on Thursday and says it sees earnings risks. "The industry faces an uncertain earnings backdrop in 2024 in our view, and we start the year somewhat below consensus for many of our companies." Deutsche Bank names General Electric and Boeing top picks Deutsche Bank said General Electric and Boeing were its best ideas in 2024. "Our top ideas: BA , GE , and CR are our top three ideas across the broad A & D sector." Oppenheimer downgrades PayPal to market perform from outperform Oppenheimer said in its downgrade of PayPal that it sees profits pressured. "Persistent Profitability Pressure Has Us Downgrading Shares To Perform." JPMorgan upgrades American Express to overweight from neutral JPMorgan said in its upgrade of the stock that it's a "safe haven." " AXP – Upgrade to Overweight (from Neutral) as safe haven from deteriorating household balance sheets." Goldman Sachs upgrades Comerica to buy from neutral Goldman Sachs said in its upgrade of the stock that it sees loan growth returning. "In addition, we are upgrading Comerica to Buy as we see several catalysts for shares over 2024, including: while NII has been under pressure, it should start to inflect as deposit pressure eases and it benefits from eventual fed rate cuts loan growth should return as its optimization finishes and middle market clients start to borrow incrementally." Goldman Sachs names Wells Fargo a top pick Goldman Sachs said it sees market share gains for the banking giant. "We are constructive on WFC on better NII [net interest income], given conservative management assumptions and best-in-class deposit repricing." Wolfe upgrades General Motors to outperform from peer perform Wolfe said in its upgrade of the auto company that it's "warming up to the stock" "We believe that investors underestimate the earnings and cash flow power that GM will generate over the near- to medium-term, and the competitive cost advantages that they are bringing to bear over the medium- to longer-term." Wolfe downgrades Rivian to peer perform from outperform Wolfe said in its downgrade of the stock that it sees product uncertainty. "We continue to believe in RIVN's long-term strategy. And we've been encouraged by their (recently) strong production and cost execution. But for the Street to look further out to the launch of their R2 platform (in 2026), we believe that Investors will need more insight into demand for the company's R1 platform." Mizuho reiterates Coinbase as underperform Mizuho said it's sticking with its underperform rating on the stock. "The potential upside to COIN revenue from Bitcoin ETF may be far less than what the stock indicates." Stifel downgrades Papa John's to sell from hold Stifel said the stock is "overbaked" right now. "We are downgrading shares o f PZZA to Sell from Hold and maintaining our $65 target price." Wells Fargo names Toll Brothers a top pick Wells Fargo says the stock is a top pick in 2024. " TOL is our Top Pick into '24, w/ lower rates presenting opp'ty for offense. But rest of the group can work too, w/ Street ASPs embedding no y/y growth & GMs +100bps y/y." Bank of America upgrades Truist to buy from neutral Bank of America said in its upgrade of the bank that the macro is becoming more "manageable." "We upgrade our rating on Truist Financial (TFC) to Buy from Neutral, raising our PO to $43 implying 17% upside (stock also offers a 5.7% dividend yield)." Wolfe upgrades Verizon to outperform from peer perform Wolfe said in its upgrade of the stock that the multiple looks "more up than down." "At the company level, VZ offers an established deleveraging trend, signs of improving execution, and 67% of revenue in growing businesses." Barclays upgrades Dollar General to overweight from equal weight Barclays says it sees a margin inflection for the stock. " DG (upgrade to OW from EW): We believe that efforts to clean up inventory along with store level investments will support improving sales and potential recovery in margins starting in Q2/3." Barclays upgrades Home Depot to overweight from equal weight Barclays says it likes the stock's exposure to rate cuts. "Other cyclicals may offer more upside, but HD gives us exposure to potential rate cuts, is not over-earning, and really just needs to hit numbers. Our proprietary leading indicators support improving comps through FY24 and into FY25." Piper Sandler upgrades Micron to overweight from neutral Piper Sandler says it sees pricing momentum for shares of Micron. "We believe that on peak earnings, book value could reach highs of $50-$60 per share with the stock trading at a multiple of 2.5-3.0x." Monness Crespi Hardt downgrades Snowflake to sell from neutral Monness said in its downgrade of the stock that it's overvalued. "Benefitting from an overly exuberant tech market in the final quarter of 2023 and riding the coattails of an unprecedented AI hype cycle, Snowflake has rebounded sharply over the past couple of months. In our view, this has left the stock overvalued and vulnerable to selling pressure.

https://www.cnbc.com/id/100159405

ADI

Analog Devices

RESEARCH ALERT-Morgan Stanley cuts Analog Devices to equal weight - benzinga.com

Oct 11 (Reuters) - Analog Devices Inc : * Morgan Stanley cuts Analog Devices to equal weight from overweight - benzinga.com For a summary of rating and price target changes on U.S. companies: Reuters Eikon users, click on Reuters 3000Xtra users, double-click Reuters Station users, click .1568 For a summary of rating and price target changes on Canadian companies: Reuters Eikon users, click on Reuters 3000Xtra users, double-click Reuters Station users, click .4899 ((Bangalore Newsroom +91 80 4135 5800; within U.S. +1 646 223 8780))

https://www.cnbc.com/id/30831817

ADI

Analog Devices

Analog Devices Beats Forecasts; Shares Jump

Chip designer Analog Devices posted sharply lower profit and sales for its fiscal second quarter Tuesday amid the economic turmoil that has dampened global chip demand. Still, the company said the results were better than planned, while the quarter's costs were lower than expected. For the three months ended May 2, Analog Devices earned $51.8 million, or 18 cents per share, down 61 percent from $133.1 million, or 45 cents per share, in the same period a year earlier. The latest quarter's results were weighed by a restructuring charge of 3 cents per share. Stripping out one-time items, the company earned 21 cents per share. Revenue fell 27 percent to $474.7 million from $649.3 million. Analysts, on average, were expecting a profit of 9 cents per share on sales of $427.2 million, according to a poll by Thomson Reuters. Analyst estimates typically exclude one-time items. The results "were better than planned as we benefited from increased sales to communications infrastructure and consumer customers and a general abatement of inventory reductions by our customers," said Jerald G. Fishman, president and chief executive, in a statement. He added that the quarter's expenses were "significantly lower" than the company had originally planned. The company's order levels, he added, were stable during the second quarter and have stayed so through the first two weeks of May. For the third quarter, Analog expects revenue to be about flat on a sequential basis, and it is forecasting earnings from continuing operations between 17 cents and 19 cents per share. Analysts are predicting a profit of 11 cents per share on sales of $441.8 million. Shares jumped almost 8 percent in after-hours trading. The stock had closed up 68 cents, or 3.4 percent, at $20.58.

https://www.cnbc.com/id/37216511

ADI

Analog Devices

Analog Devices Tops Forecasts, Raises Outlook

Analog Devicesshares rose in after-hours trading after the company posted results that easily exceeded analysts' expectations and boosted guidance for the current quarter. The semiconductor firm reported fiscal second-quarter earnings of 55 cents a share. ADI earned 21 cents a share during the same period a year earlier. Sales for the most recent quarter rose to $668.2 million, up from $475 million last year. The company was seen earning 50 cents a share on revenue of $644 million, according to a consensus from Thomson Reuters. ADI also boosted its guidance for the fiscal third-quarter profit to between 59 cents and 61 cents a share on revenue of between $695 million $715 million. Earlier consensus was 52 cents a share and $658 million.

https://www.cnbc.com/id/37234534

ADI

Analog Devices

Web Extra Pops & Drops: Analog Devices, Pactiv

______________________________________________________ Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment but not have it published on our website send those e-mails to fastmoney@cnbc.com. Trader disclosure: On May 19, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (C), (GS), (ITNC), (MSFT), (NUE), (BTU); Kelly Owns (WYNN) Puts; Kelly Owns (EXPE) Puts; Kelly Owns (EMN) Puts; Kelly Owns (CAT) Puts; nerman's Firm Is Short (IJR), (MDY), (SPY), (IWM); Finerman's Firm Is Long S&P Puts; Finerman Owns (AAPL); Finerman's Firm Owns (BAC), (BAC) Calls’ Finerman Owns (BAC), (BAC) Preferred; Finerman Owns (GS) Calls; Finerman's Firm And Finerman Own (HPQ)’ Finerman's Firm Owns (JPM), (JPM) Calls; Finerman Owns (JPM); Finerman's Firm Owns (PTV); Finerman's Firm Owns (PM); jarian Owns (AMD) Calls; Najarian Owns (ADSK) June Calls, Is Short (ADSK) May Calls; Najarian Owns (C) Calls; Najarian Owns (HPQ), Is Short (HPQ) Calls; Najarian Owns (JPM) Put Spread; Najarian Owns (MRVL), Is Short (MRVL) Calls; Najarian Owns (MS), Is Short (MS) Calls; Najarian Owns (V) Call Spread; Najarian Owns (VRSN) Call SpreadTerranova owns (PFE), (GLD) For Joe Terranova Terranova Works For (VRTS) Terranova Is Chief Market Strategist Of Virtus Investment Partners, Ltd. Virtus Investment Partners Owns More Than 1% Of (AMKR) Virtus Investment Partners Owns More Than 1% Of (IGE) Virtus Investment Partners Owns More Than 1% Of (DBV) Virtus Investment Partners Owns More Than 1% Of (XLB) Virtus Investment Partners Owns More Than 1% Of (XLV) Virtus Investment Partners Owns More Than 1% Of (XLP) Virtus Investment Partners Owns More Than 1% Of (XLY) Virtus Investment Partners Owns More Than 1% Of (XLI) Virtus Investment Partners Owns More Than 1% Of (XLU) Virtus Investment Partners Owns More Than 1% Of (DRYS) For Mike Khouw Cantor Fitzgerald is a Market Maker in (ADSK) Cantor Fitzgerald is a Market Maker in (AIG) Cantor Fitzgerald is a Market Maker in (AMAT) Cantor Fitzgerald is a Market Maker in (BAC) Cantor Fitzgerald is a Market Maker in (C) Cantor Fitzgerald is a Market Maker in (CSIQ) Cantor Fitzgerald is a Market Maker in (FSLR) Cantor Fitzgerald is a Market Maker in (GS) Cantor Fitzgerald is a Market Maker in (JPM) Cantor Fitzgerald is a Market Maker in (LVS) Cantor Fitzgerald is a Market Maker in (MGM) Cantor Fitzgerald is a Market Maker in (MRVL) Cantor Fitzgerald is a Market Maker in (MS) Cantor Fitzgerald is a Market Maker in (SPWRA) Cantor Fitzgerald is a Market Maker in (V) Cantor Fitzgerald is a Market Maker in (VALE) Cantor Fitzgerald is a Market Maker in (WYNN) Cantor Fitzgerald is a Market Maker in (QQQQ) Cantor Fitzgerald is a Market Maker in (SPY) For Brian Kelly Kanundrum Capital Is Long U.S. Dollar Kanundrum Capital Owns (GLD) Kanundrum Capital Owns (TLT) Kanundrum Capital Owns (GFI) Kanundrum Capital Owns (AUY) Kanundrum Capital Is Short (XLK) Kanundrum Capital Is Short (XLI) Kanundrum Capital Is Short (XLF) Kanundrum Capital Is Short (WYNN) Kanundrum Capital Is Short (AA) Kanundrum Capital Is Short (CAT) Kanundrum Capital Is Short (EMN) Kanundrum Capital Is Short (EXPE) Kanundrum Capital Is Short (CME) Kanundrum Capital Is Short (STT) Kanundrum Capital Is Short (XLE) Kanundrum Capital Is Short (SU) Kanundrum Capital Is Short (IOC) Kanundrum Capital Is Short (USO) Kanundrum Capital Is Short Euro For Anthony Scaramucci Scaramucci Owns (BAC), Skybridge Owns (BAC) Scaramucci Owns (C), Skybridge Owns (C) Scaramucci Owns (GS), Skybridge Owns (GS) Scaramucci Owns (HPQ), Skybridge Owns (HPQ) Scaramucci Owns (JPM), Skybridge Owns (JPM) Scaramucci Owns (WMT), Skybridge Owns (WMT) Scaramucci Owns (BUD), Skybridge Owns (BUD) Scaramucci Owns (INTC), Skybridge Owns (INTC) For Dennis Gartman Funds Managed By Dennis Gartman Are Short (GS) Funds Managed By Dennis Gartman Own (MMM) Funds Managed By Dennis Gartman Own Gold Funds Managed By Dennis Gartman Are Short British Pound Sterling Funds Managed By Dennis Gartman Are Short Euros Funds Managed By Dennis Gartman Are Long Australian Dollars Funds Managed By Dennis Gartman Are Long Canadian Dollars For Jeff Harte Sandler O'Neill Served As Financial Advisor To Investor Group That Agreed To Buy First Republic Bank From (BAC) Sandler O'Neill Recvd. Inv. Bank. Comp. From (C), (JPM), (BAC) In Past 12 Mos. (JPM), (BAC) Was An Investment Banking Client Of Sandler O'Neill In Past 12 Months Sandler O'Neill Expects To Receive or Seek Inv. Bank. Comp. From (BAC), (BK), (JPM), (C), (NTRS) In Next 3 Mos. (BAC), (C), (JPM), (MS), (BK), (NTRS) Are Clients Of Sandler O'Neill Sandler O'Neill Has Received Non-Inv. Bank. Comp. From (C), (JPM), (BAC) (GS) Is A Non-Inv. Bank. Client Of Sandler O'Neill Sandler O'Neill Is A Market Maker In (NTRS) Other Relevant Disclosures Najarian Owned (VRSN) Calls On 5/18/10 CNBC.com with wires