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May 24, 2022

CNBC

Georgia Gov. Brian Kemp beats Trump pick Perdue in GOP governor primary race, will face Democrat Abrams, NBC projects

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CNBC – For more and to sign up click here Gov. Brian Kemp greets attendees at a campaign event on May 17, 2022 in Alpharetta, Georgia. Elijah Nouvelage | Getty Images Georgia’s Republican Gov. Brian Kemp was projected on Tuesday to win his party’s nomination for reelection, batting away a......

Trump-endorsed Senate hopeful Herschel Walker wins Georgia Republican primary, will face Democratic Sen. Warnock, NBC projects

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CNBC – For more and to sign up click here Heisman Trophy winner and Republican candidate for US Senate Herschel Walker speaks to supporters of former U.S. President Donald Trump during a rally at the Banks County Dragway on March 26, 2022 in Commerce, Georgia. Megan Varner | Getty Images......

Georgia’s GOP primary for secretary of state is too early to call, NBC projects

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CNBC – For more and to sign up click here Georgia Secretary of State Brad Raffensperger gives an afternoon update on the Georgia Primary Election at the election command center in Atlanta, Georgia, May 24, 2022. Alyssa Pointer | Reuters Georgia’s Republican primary election for secretary of state was too......

No recession ahead: Evercore ISI predicts S&P 500 will jump 22% from current levels

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CNBC – For more and to sign up click here While retail investors head for the exits as stock prices sharply fluctuate, Evercore ISI’s Julian Emanuel wants to put money to work. He calls the market environment very ugly, but he believes the economy will avert a recession — particularly......

Wendy’s shares surge as Trian, its largest shareholder, explores potential deal

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CNBC – For more and to sign up click here A drive-thru window of a Wendy’s restaurant in Peoria, Illinois. Daniel Acker | Bloomberg | Getty Images Shares of Wendy’s surged roughly 15% in extended trading Tuesday after a filing revealed hedge fund Trian Partners, its largest shareholder, is exploring......

FTC launches investigation into infant formula makers over nationwide shortage

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CNBC – For more and to sign up click here A woman shops for baby formula at Target in Annapolis, Maryland, on May 16, 2022, as a nationwide shortage of baby formula continues due to supply chain crunches tied to the coronavirus pandemic that have already strained the countrys formula......

Nordstrom raises full-year outlook as first-quarter sales top expectations

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CNBC – For more and to sign up click here Nordstrom on Tuesday reported fiscal first-quarter sales ahead of analysts’ expectations and hiked its full-year outlook, citing momentum in the business as shoppers visited the company’s department stores to refresh their closets with designer brands and shoes. Nordstrom now sees......

Safety consultant goes viral for leaving Shell after a decade, says ‘core business’ is dangerous

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CNBC – For more and to sign up click here Shell officially changed its name on Friday, ditching “Royal Dutch”, which has been part of its identity since 1907. Rick Wilking | Reuters At 8:27 a.m. on Monday morning, May 23, Caroline Dennett emailed 1,400 executives at the oil and......

U.S. bars Russia from paying bondholders through American banks, increasing default risk

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CNBC – For more and to sign up click here The Kremlin towers and Ivan the Great Cathedral in Moscow. Kirill Kudryavtsev | Afp | Getty Images The Biden administration will ban Russia’s government from paying bondholders through American banks starting Wednesday morning, the Treasury Department said. The move increases......

Snap’s ad warning hits Facebook and Google shares. We say don’t join the sellers

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CNBC – For more and to sign up click here The Wall Street Journal reported that Facebook purposely used a broad algorithm to block news in Australia last year, causing pages for charities, emergency services and hospitals to be affected. Rafael Henrique | SOPA Images | LightRocket | Getty Images......

U.S. Navy climate plan calls to curb emissions, electrify vehicle fleet

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CNBC – For more and to sign up click here U.S. Navy sailors operate onboard the Nimitz-class aircraft carrier USS Harry S. Truman (CVN 75) in the Adriatic Sea, off Split, Croatia February 14, 2022. Milan Sabic | Reuters The U.S. Navy on Tuesday unveiled a climate action plan focused......

Borrowers are on edge as Biden decides how to act on student loan forgiveness

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CNBC – For more and to sign up click here President Joe Biden boards Air Force One on May 22, 2022. Saul Loeb | AFP | Getty Images At the pump, in the supermarket, with his landlord — all of Ryan Tucholski’s bills are going up lately. But there’s one......

Microsoft is selling the metaverse now ⁠— and it’s helping make everything from robots to ketchup

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CNBC – For more and to sign up click here Microsoft’s HoloLens 2. Andrew Evers | CNBC You may not be ready to jump into the metaverse for fun, but it could be coming to work sooner than you think. Microsoft announced Tuesday that Kawasaki is a new customer for......

Bill Ackman says a more aggressive Fed or market collapse are the only ways to stop this inflation

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CNBC – For more and to sign up click here Billionaire hedge fund manager Bill Ackman said raging inflation will only dissipate if the Federal Reserve acts more aggressively or the market sell-off turns into a full-on collapse. “There is no prospect for a material reduction in inflation unless the Fed aggressively......

Trump’s picks in Tuesday’s GOP primaries spent over $400,000 at Mar-a-Lago

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CNBC – For more and to sign up click here The campaigns of seven Republican candidates endorsed by former President Donald Trump spent over $400,000, combined, at his private club Mar-a-Lago in the buildup to Tuesday’s primary clashes, according to federal and state campaign finance records. Georgia Republican Senate candidate......

Georgia’s primary elections on Tuesday are pivotal. Here’s what to watch

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CNBC – For more and to sign up click here Georgia Gov. Brian Kemp greets people as he campaigns during a Get Out the Vote cookout at the Hadden Estate at DGD Farms on May 21, 2022 in Watkinsville, Georgia. Joe Raedle | Getty Images The impact of Georgia’s primary......

Former White House press secretary Jen Psaki will join MSNBC this fall

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CNBC – For more and to sign up click here U.S. White House press secretary Jen Psaki speaks during a press briefing at the White House in Washington, December 20, 2021. Kevin Lamarque | Reuters Jen Psaki, who left her role as President Joe Biden‘s press secretary earlier this month,......

Uber to expand in Italy through deal with the country’s largest taxi dispatcher

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CNBC – For more and to sign up click here Uber has long faced opposition from taxi drivers. Now it wants to partner with the industry. Jakub Porzycki | Nurphoto | Getty Images Uber has signed a partnership with IT Taxi, the largest taxi dispatch service in Italy, in a......

Why 2022 has been a dangerous time to retire — and what you can do about it

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CNBC – For more and to sign up click here mdphoto16 | E+ | Getty Images It’s a scary time for new retirees. Stocks have plunged this year. Bonds, which traditionally serve as a ballast when stocks falter, have also been pummeled. Both trends are worrisome for seniors who rely......

Snap falls 39% on pace for worst day ever, dragging other stocks with it

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CNBC – For more and to sign up click here Evan Spiegel, co-founder and chief executive officer of Snap Inc., speaks during the virtual Google Pixel Fall Launch event in New York, on Tuesday, Oct. 19, 2021. Michael Nagle | Bloomberg | Getty Images Snap shares plunged 39% on Tuesday,......

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