Hong Kong stock exchange makes $36.6 billion offer for London stock exchange

Hong Kong Exchanges and Clearing Limited (HKEX) said Wednesday it has made a proposal to the board of London Stock Exchange Group Plc (LSE) to “combine the two companies,” in a deal which values the LSE at about £29.6 billion ($36.6 billion). The HKEX said the deal would be funded by a combination of existing cash and a new credit facility. HKEX has proposed £20.45 a share in cash, as well as 2.495 newly issued HKEX shares. LSE shares rallied shortly after 10:00 a.m. London time, rising by 8.5%


Hong Kong Exchanges and Clearing Limited (HKEX) said Wednesday it has made a proposal to the board of London Stock Exchange Group Plc (LSE) to “combine the two companies,” in a deal which values the LSE at about £29.6 billion ($36.6 billion). The HKEX said the deal would be funded by a combination of existing cash and a new credit facility. HKEX has proposed £20.45 a share in cash, as well as 2.495 newly issued HKEX shares. LSE shares rallied shortly after 10:00 a.m. London time, rising by 8.5%
Hong Kong stock exchange makes $36.6 billion offer for London stock exchange Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-11  Authors: david reid
Keywords: news, cnbc, companies, hong, announcement, statement, values, kong, 366, makes, deal, london, offer, lse, hkex, shares, cash, work, exchange, stock, billion


Hong Kong stock exchange makes $36.6 billion offer for London stock exchange

Hong Kong Exchanges and Clearing Limited (HKEX) said Wednesday it has made a proposal to the board of London Stock Exchange Group Plc (LSE) to “combine the two companies,” in a deal which values the LSE at about £29.6 billion ($36.6 billion).

The HKEX said the deal would be funded by a combination of existing cash and a new credit facility. It cautioned, however, that its statement to the market should be considered as an announcement to make a possible offer and is not confirmation of a firm intention to bid.

The statement from HKEX said a further announcement will be made “as and when appropriate.”

HKEX has proposed £20.45 a share in cash, as well as 2.495 newly issued HKEX shares. LSE shares rallied shortly after 10:00 a.m. London time, rising by 8.5% before giving up some of the initial gains.

HKEX said it expected key LSE management to keep their jobs and work for the new owners.


Company: cnbc, Activity: cnbc, Date: 2019-09-11  Authors: david reid
Keywords: news, cnbc, companies, hong, announcement, statement, values, kong, 366, makes, deal, london, offer, lse, hkex, shares, cash, work, exchange, stock, billion


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Apple software hints at September 10 announcement for the next iPhone

A girl reacts as she tries an iPhone X at the Apple Omotesando store on November 3, 2017 in Tokyo, Japan. The date for Apple’s newest iPhone announcement may be hidden in its latest beta release of its new operating system. Apple released its newest iOS 13 beta to developers on Thursday with what some believe is a clue to its iPhone announcement date. Apple’s iPhone business has struggled with trends such as weakness in the Chinese economy and the fact that customers keep their devices longer th


A girl reacts as she tries an iPhone X at the Apple Omotesando store on November 3, 2017 in Tokyo, Japan. The date for Apple’s newest iPhone announcement may be hidden in its latest beta release of its new operating system. Apple released its newest iOS 13 beta to developers on Thursday with what some believe is a clue to its iPhone announcement date. Apple’s iPhone business has struggled with trends such as weakness in the Chinese economy and the fact that customers keep their devices longer th
Apple software hints at September 10 announcement for the next iPhone Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-16  Authors: lauren feiner
Keywords: news, cnbc, companies, apple, screen, revenues, software, tariffs, date, hints, iphones, apples, announcement, iphone, set, store


Apple software hints at September 10 announcement for the next iPhone

A girl reacts as she tries an iPhone X at the Apple Omotesando store on November 3, 2017 in Tokyo, Japan.

The date for Apple’s newest iPhone announcement may be hidden in its latest beta release of its new operating system.

Apple released its newest iOS 13 beta to developers on Thursday with what some believe is a clue to its iPhone announcement date. The operating system contained an asset called “HoldForRelease” that showed a home screen of an iPhone with the calendar date set to September 10, 9to5Mac reported. Apple has held its fall press event around this time in September for the past four years, the site previously noted.

Analysts don’t expect the so-called iPhone 11 to be a huge change from previous models. Barclays semiconductor analysts wrote in May that they anticipate Apple’s 2019 iPhones will offer “relatively few design changes” while the more substantial update, including features like 5G capability, will come in 2020.

J.P. Morgan Chase analysts agreed that major updates would come in 2020 in a July note.

“Our expectations include all three Sep-2020 iPhones (5.4″/6.1″/6.7″ screen sizes) will adopt OLED displays and 5G baseband modems (with support for mmWave frequencies), and at least two of the three models adopting world facing 3D Sensing (Time of Flight) driving industry leading AR/VR capabilities which can be leveraged by custom built applications (including games),” analyst Samik Chatterjee wrote.

Apple’s iPhone business has struggled with trends such as weakness in the Chinese economy and the fact that customers keep their devices longer than they used to before upgrading. For Apple’s third fiscal quarter, iPhone revenues made up 48% of total revenue. It was the first time the segment made up less than half of all revenues since 2012.

Still, Apple has found new areas of growth such as wearables, like the Apple Watch and HomePods, and digital services, like App Store sales, Apple Music subscriptions and iCloud storage.

The Trump administration also alleviated any worries that the iPhone would be subject to new Chinese tariffs that were originally set to go into effect on Sept. 1. The office of the U.S. Trade Representative said this week that the tariffs would be pushed back to December, sending Apple shares up 4% on Tuesday.

An Apple spokesperson was not immediately available to comment.

Subscribe to CNBC on YouTube.

WATCH: A rare look inside the factory that makes iPhone’s Gorilla Glass


Company: cnbc, Activity: cnbc, Date: 2019-08-16  Authors: lauren feiner
Keywords: news, cnbc, companies, apple, screen, revenues, software, tariffs, date, hints, iphones, apples, announcement, iphone, set, store


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European stocks close higher as US delays China tariffs on phones and clothing

European stocks reversed course on Tuesday, closing higher as investors reacted to news that the U.S. has delayed additional tariffs on some Chinese imports. Meanwhile, tariffs on electronic devices like phones and laptops and certain footwear and clothing will be delayed until December 15, the government agency said. In terms of individual stocks, steel and mining giant ArcelorMittal saw its shares climb sharply following the USTR’s announcement. At the other end was Henkel, which saw its share


European stocks reversed course on Tuesday, closing higher as investors reacted to news that the U.S. has delayed additional tariffs on some Chinese imports. Meanwhile, tariffs on electronic devices like phones and laptops and certain footwear and clothing will be delayed until December 15, the government agency said. In terms of individual stocks, steel and mining giant ArcelorMittal saw its shares climb sharply following the USTR’s announcement. At the other end was Henkel, which saw its share
European stocks close higher as US delays China tariffs on phones and clothing Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-13  Authors: elliot smith
Keywords: news, cnbc, companies, rose, close, clothing, goods, higher, saw, delayed, certain, european, industrial, shares, phones, announcement, china, delays, tariffs, stocks


European stocks close higher as US delays China tariffs on phones and clothing

European stocks reversed course on Tuesday, closing higher as investors reacted to news that the U.S. has delayed additional tariffs on some Chinese imports.

The pan-European Stoxx 600 closed provisionally up 0.6%. Markets had traded lower earlier in the session. Trade-sensitive sectors like autos and basic resources were among the biggest gainers.

The U.S. Trade Representative office said on Tuesday that certain items would be removed from a list of goods set to be hit with a new 10% levy, citing “health, safety, national security and other factors.”

Meanwhile, tariffs on electronic devices like phones and laptops and certain footwear and clothing will be delayed until December 15, the government agency said. Europe’s technology sector was up 1% on the news.

In terms of individual stocks, steel and mining giant ArcelorMittal saw its shares climb sharply following the USTR’s announcement. The stock was up over 5%.

SalMar was the top performer in Europe, climbing almost 7% after DNB upgraded the Norwegian fish farm company to hold from sell.

At the other end was Henkel, which saw its shares slide 7% after lowering its full-year outlook for sales and earnings on Tuesday. The German consumer goods firm blamed disappointing performance at its beauty unit and falling industrial production.

On Wall Street, stocks rose as traders digested the USTR announcement. The Dow Jones Industrial Average jumped over 400 points while the tech-heavy Nasdaq index rose nearly 2%, led by Apple which got a boost from the news since many of its major products are produced in China.


Company: cnbc, Activity: cnbc, Date: 2019-08-13  Authors: elliot smith
Keywords: news, cnbc, companies, rose, close, clothing, goods, higher, saw, delayed, certain, european, industrial, shares, phones, announcement, china, delays, tariffs, stocks


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Facebook stock pops as investors anticipate its cryptocurrency announcement this week

‘The rally could last a lot longer than most people expect,’ Jim…”They’re fun. They’re companies you know or can learn about,” he said, “and you can happily buy them into weakness if you’ve done the homework and you believe in their…Mad Money with Jim Cramerread more


‘The rally could last a lot longer than most people expect,’ Jim…”They’re fun. They’re companies you know or can learn about,” he said, “and you can happily buy them into weakness if you’ve done the homework and you believe in their…Mad Money with Jim Cramerread more
Facebook stock pops as investors anticipate its cryptocurrency announcement this week Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-17  Authors: steve kovach
Keywords: news, cnbc, companies, learn, theyre, know, longer, theirmad, facebook, cryptocurrency, lot, rally, announcement, weakness, stock, money, week, pops, youve, investors, anticipate


Facebook stock pops as investors anticipate its cryptocurrency announcement this week

‘The rally could last a lot longer than most people expect,’ Jim…

“They’re fun. They’re companies you know or can learn about,” he said, “and you can happily buy them into weakness if you’ve done the homework and you believe in their…

Mad Money with Jim Cramer

read more


Company: cnbc, Activity: cnbc, Date: 2019-06-17  Authors: steve kovach
Keywords: news, cnbc, companies, learn, theyre, know, longer, theirmad, facebook, cryptocurrency, lot, rally, announcement, weakness, stock, money, week, pops, youve, investors, anticipate


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Delta CEO urges UTC to ‘stay focused’ after Raytheon deal announcement

Delta Air Lines CEO Ed Bastian said his company has one message for United Technologies after it announced its merger with Raytheon: “Stay focused.” Raytheon and United Technologies on Sunday announced they would merge in an all-stock deal, creating a company with combined annual sales of $74 billion. United Technologies owns aerospace manufacturer Pratt & Whitney, which produces engines for many of Delta’s planes. Delta jets also have a number of products aboard them made by Collins Aerospace,


Delta Air Lines CEO Ed Bastian said his company has one message for United Technologies after it announced its merger with Raytheon: “Stay focused.” Raytheon and United Technologies on Sunday announced they would merge in an all-stock deal, creating a company with combined annual sales of $74 billion. United Technologies owns aerospace manufacturer Pratt & Whitney, which produces engines for many of Delta’s planes. Delta jets also have a number of products aboard them made by Collins Aerospace,
Delta CEO urges UTC to ‘stay focused’ after Raytheon deal announcement Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-12  Authors: ashley turner
Keywords: news, cnbc, companies, utc, technologies, company, raytheon, stay, united, rethink, urges, announcement, merger, deal, delta, ceo, investors, focused


Delta CEO urges UTC to 'stay focused' after Raytheon deal announcement

Delta Air Lines CEO Ed Bastian said his company has one message for United Technologies after it announced its merger with Raytheon: “Stay focused.”

“UTC is a big partner of ours, a big supplier of ours,” Bastian said in an interview with CNBC’s Carl Quintanilla. “They’ve gone through some mergers, there’s been some distractions along the way.”

Bastian’s comments come as some investors and activists speak out against the planned deal.

Raytheon and United Technologies on Sunday announced they would merge in an all-stock deal, creating a company with combined annual sales of $74 billion. When the merger is complete, it will be renamed Raytheon Technologies.

United Technologies owns aerospace manufacturer Pratt & Whitney, which produces engines for many of Delta’s planes. Delta jets also have a number of products aboard them made by Collins Aerospace, another subsidiary of United Technologies.

If the deal goes through, shareholders of United Technologies will own 57% of the new company’s stock, while Raytheon investors would own 43% on a diluted basis.

However, some activists are pressing United Technologies to rethink the merger.

Billionaire investor Bill Ackman sent a letter to United Technologies CEO Greg Hayes urging the company to rethink its deal with Raytheon, a source told CNBC. Ackman, whose hedge fund Pershing Square Capital Management owned 5.8 million United Technologies shares at the end of the first quarter, expressed his unease about the deal.


Company: cnbc, Activity: cnbc, Date: 2019-06-12  Authors: ashley turner
Keywords: news, cnbc, companies, utc, technologies, company, raytheon, stay, united, rethink, urges, announcement, merger, deal, delta, ceo, investors, focused


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Mexico won’t retaliate against Trump tariffs until threat seems more serious, trade official says

Mexico won’t retaliate against President Donald Trump’s tariffs until the threat seems more serious, Mexican trade official Guillermo Malpica Soto told CNBC on Friday. Trump’s announcement late Thursday of a 5% tariff on goods from Mexico is “so far only an announcement,” said Malpica, head of the Trade & NAFTA Office. The Trump administration says it hopes the duties will force Mexico to curb illegal immigration — though Trump cited manufacturing jobs and trade deficits as motivation for the ta


Mexico won’t retaliate against President Donald Trump’s tariffs until the threat seems more serious, Mexican trade official Guillermo Malpica Soto told CNBC on Friday. Trump’s announcement late Thursday of a 5% tariff on goods from Mexico is “so far only an announcement,” said Malpica, head of the Trade & NAFTA Office. The Trump administration says it hopes the duties will force Mexico to curb illegal immigration — though Trump cited manufacturing jobs and trade deficits as motivation for the ta
Mexico won’t retaliate against Trump tariffs until threat seems more serious, trade official says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-31  Authors: berkeley lovelace jr
Keywords: news, cnbc, companies, threat, retaliate, serious, mexico, white, wont, tariffs, duties, trade, trump, malpica, discussions, immigration, announcement, official


Mexico won't retaliate against Trump tariffs until threat seems more serious, trade official says

Mexico won’t retaliate against President Donald Trump’s tariffs until the threat seems more serious, Mexican trade official Guillermo Malpica Soto told CNBC on Friday.

Trump’s announcement late Thursday of a 5% tariff on goods from Mexico is “so far only an announcement,” said Malpica, head of the Trade & NAFTA Office. “We have to wait and see what the complete notification procedure from the U.S. to Mexico [is], and then assess how that would impact our commitments with the U.S.”

Trump said late Thursday the tariffs on Mexico would be implemented beginning June 10. The Trump administration says it hopes the duties will force Mexico to curb illegal immigration — though Trump cited manufacturing jobs and trade deficits as motivation for the tariffs in Friday tweets. The White House said the duties would gradually rise to 25% by October 2019.

Malpica said it “is not a good idea to mix immigration and trade. … We will continue our dialog with the United States on two separate tracks. Immigration and trade will be separate.”

The move came as the U.S. and China attempt to strike a trade deal. The world’s two largest economies increased tariffs on one another this month, with the U.S. making the first move by increasing duties on $200 billion worth of Chinese products from 10% to 25%. China announced plans to raise tariff rates on $60 billion in U.S. goods.

The Mexico tariffs may further undermine the chance of a trade resolution with China.

Trump’s threat could also complicate the updates to the North American Free Trade Agreement sent to Congress by the White House on Thursday.

Malpica, speaking in an interview on CNBC’s “Closing Bell, ” said Mexico officials were “disappointed” with the White House’s announcement but that it didn’t necessarily affect ongoing trade discussions. Mexico has also had “initial discussions” with trading partner Canada, Malpica said. “For them, it’s also important to have a ratification soon.”

“We try to separate the public discourse from the technical discussions [and] serious engagement among our parties,” he added.

“Legally we are approaching this through the lens of NAFTA and [the World Trade Organization], and while we hope for a conciliatory resolution, there are going to be consequences under our legal trade rights,” Malpica said. “According to the rules of international trade, we have the right [to] impose countermeasures.”

— CNBC’s Lori Ann LaRocco contributed to this story.


Company: cnbc, Activity: cnbc, Date: 2019-05-31  Authors: berkeley lovelace jr
Keywords: news, cnbc, companies, threat, retaliate, serious, mexico, white, wont, tariffs, duties, trade, trump, malpica, discussions, immigration, announcement, official


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A corporate jet revealed Buffett energy deal days before announcement

Bloomberg cited information on Monday from FlightAirMap showing the Gulfstream jet was in Omaha on Sunday. Haskett’s Monday note, titled, “What was Occidental doing in Omaha?” Warren Buffett does not show up as a holder of OXY or APC or CVX. Yet for some reason, an OXY jet was seen in Omaha yesterday. This mention comes with the standard caveat that Corporate Jet information can be noisy and difficult to read.”


Bloomberg cited information on Monday from FlightAirMap showing the Gulfstream jet was in Omaha on Sunday. Haskett’s Monday note, titled, “What was Occidental doing in Omaha?” Warren Buffett does not show up as a holder of OXY or APC or CVX. Yet for some reason, an OXY jet was seen in Omaha yesterday. This mention comes with the standard caveat that Corporate Jet information can be noisy and difficult to read.”
A corporate jet revealed Buffett energy deal days before announcement Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-30  Authors: eric rosenbaum, tom dichristopher
Keywords: news, cnbc, companies, doing, yesterday, jet, revealed, omaha, occidental, energy, announcement, buffett, corporate, information, oxy, research, note, deal, days


A corporate jet revealed Buffett energy deal days before announcement

Analyst Don Bilson of independent research firm Gordon Haskett Research Advisors sent a note to his clients on Monday citing information from Quandl, which tracks corporate jet activity and other alternative sources of data important to the markets. Bloomberg cited information on Monday from FlightAirMap showing the Gulfstream jet was in Omaha on Sunday.

Haskett’s Monday note, titled, “What was Occidental doing in Omaha?” came as Occidental was formalizing its counter-bid to Chevron’s deal. It stated, “Here is where it gets a little more interesting. Warren Buffett does not show up as a holder of OXY or APC or CVX. And a quick search of OXY’s 10-K for ‘Nebraska’ turns up nothing. Yet for some reason, an OXY jet was seen in Omaha yesterday. That strikes us as an odd trip for OXY to make, especially on a Sunday and while it is engaged in a high-stakes M&A battle. While we can’t say what OXY might have been doing in Omaha yesterday, it has occurred to us that it might be trying to bring Buffett into this deal and help with the cash portion of its offer. We have assumed that OXY could go higher than $76 and if it really has paid Buffett a visit, we suspect it is gearing up to top CVX’s inevitable bump. This mention comes with the standard caveat that Corporate Jet information can be noisy and difficult to read.”


Company: cnbc, Activity: cnbc, Date: 2019-04-30  Authors: eric rosenbaum, tom dichristopher
Keywords: news, cnbc, companies, doing, yesterday, jet, revealed, omaha, occidental, energy, announcement, buffett, corporate, information, oxy, research, note, deal, days


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Former Vice President Joe Biden launches 2020 presidential campaign

That’s why today I’m announcing my candidacy for president of the United States,” the 76-year-old Biden said in the 3½-minute video. It’s yet unclear if Biden will even receive an explicit endorsement from his political partner of nearly a decade — President Barack Obama. A statement Monday morning praising Biden was sent by an Obama spokesperson: “President Obama has long said that selecting Joe Biden as his running mate in 2008 was one of the best decisions he ever made. Just ask President Oba


That’s why today I’m announcing my candidacy for president of the United States,” the 76-year-old Biden said in the 3½-minute video. It’s yet unclear if Biden will even receive an explicit endorsement from his political partner of nearly a decade — President Barack Obama. A statement Monday morning praising Biden was sent by an Obama spokesperson: “President Obama has long said that selecting Joe Biden as his running mate in 2008 was one of the best decisions he ever made. Just ask President Oba
Former Vice President Joe Biden launches 2020 presidential campaign Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-25  Authors: kevin breuninger, joseph prezioso, afp, getty images
Keywords: news, cnbc, companies, video, president, biden, early, launches, democratic, obama, white, announcement, joe, 2020, vice, campaign, run, presidential


Former Vice President Joe Biden launches 2020 presidential campaign

Former Vice President Joe Biden formally joined the crowded Democratic presidential contest on Thursday, betting that his working-class appeal and ties to Barack Obama’s presidency will help him overcome questions about his place in today’s increasingly liberal Democratic Party.

He made his announcement in a video posted on Twitter.

“Everything that has made America America is at stake. That’s why today I’m announcing my candidacy for president of the United States,” the 76-year-old Biden said in the 3½-minute video.

Biden’s first major campaign event is set for Monday in Pittsburgh, where he is expected to speak about rebuilding an inclusive middle class, according to NBC News. Biden will then launch a multistate campaign tour with a focus on states with early voting, where he will hash out his vision for closing the divides that are driving Americans apart, NBC reported.

Thursday’s announcement marks the unofficial end of the chaotic early phase of the 2020 presidential season. The field now features at least 20 Democrats jockeying for the chance to take on President Donald Trump next year. Several lesser-known candidates may still join the race.

Despite being widely viewed as an instant frontrunner in the race, Biden faces tough questions about whether his candidacy will be viable amid the crowded and diverse field of candidates.

It’s yet unclear if Biden will even receive an explicit endorsement from his political partner of nearly a decade — President Barack Obama.

A statement Monday morning praising Biden was sent by an Obama spokesperson: “President Obama has long said that selecting Joe Biden as his running mate in 2008 was one of the best decisions he ever made. He relied on the Vice President’s knowledge, insight, and judgment throughout both campaigns and the entire presidency. The two forged a special bond over the last 10 years and remain close today.”

Biden’s decision to run came despite accusations in March and April by several women that he touched them in ways that made them feel uncomfortable. In early April, Biden promised in a two-minute video to be “more mindful and respectful of people’s personal space.”

Despite entering the race later than most of the field, Biden has consistently led polls of Democratic primary voters ahead of Sens. Bernie Sanders and Kamala Harris, and South Bend, Indiana, Mayor Pete Buttigieg. This is Biden’s third run for the White House.

Biden’s announcement ends more than two years of speculation about whether he would launch a White House bid for the 2020 election, dating to President Donald Trump’s victory over former Secretary of State Hillary Clinton in November 2016.

Biden’s decision not to run for president in the 2016 contest helped clear the way for Clinton to become the Democratic nominee.

Trump did not immediately respond to the announcement video, in which Biden attacked the president for his remark that there were “very fine people on both sides” of a white nationalist rally and counterprotest in Charlottesville, Va., in 2017.

But the Republican National Committee had choice words for Biden in a statement to CNBC.

“Joe Biden has been running for president and losing since the ’80s. 2020 won’t be any different. Biden’s fingerprints are all over foreign policy blunders and the weakest economic recovery since World War II,” said RNC Communications Director Michael Ahrens. “We don’t need eight more years of Biden. Just ask President Obama, who isn’t even endorsing his right-hand man.”

Some have speculated that that decision, which Biden said was based in part on his enduring grief following the death of his 46-year-old son, Beau, to brain cancer in March 2015, might have cost him his best shot at the presidency.

In fact, if he had entered the 2016 fray, Biden would have started off as the most popular candidate, according to a September 2015 NBC News/Wall Street Journal poll.

With a resume boasting 36 years in the Senate representing Delaware and eight more in Obama’s White House, Biden’s status as an experienced Washington insider serves as just one of many contrasts with Trump.

Even before Biden announced his 2020 run, he led early polls of Democratic presidential candidates. His national name recognition and association with Obama, who enjoys high popularity as a White House alumnus, made him a top contender from the earliest stages of the campaign.

—The Associated Press contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-04-25  Authors: kevin breuninger, joseph prezioso, afp, getty images
Keywords: news, cnbc, companies, video, president, biden, early, launches, democratic, obama, white, announcement, joe, 2020, vice, campaign, run, presidential


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Pete Buttigieg raises $1 million within four hours of 2020 campaign announcement

In the 24 hours after launching an exploratory committee in late January, for instance, Buttigieg raised about $120,000, according to spokeswoman Lis Smith. But after his campaign launch Sunday, Buttigieg collected seven figures in donations in about four hours, the campaign said. Of the $7,091,224.39 Buttigieg reported raising, he spent less than $700,000. That leaves him with more than $6.4 million in cash on hand, even before adding in the latest $1 million reported by his campaign on Sunday.


In the 24 hours after launching an exploratory committee in late January, for instance, Buttigieg raised about $120,000, according to spokeswoman Lis Smith. But after his campaign launch Sunday, Buttigieg collected seven figures in donations in about four hours, the campaign said. Of the $7,091,224.39 Buttigieg reported raising, he spent less than $700,000. That leaves him with more than $6.4 million in cash on hand, even before adding in the latest $1 million reported by his campaign on Sunday.
Pete Buttigieg raises $1 million within four hours of 2020 campaign announcement Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: kevin breuninger
Keywords: news, cnbc, companies, fundraising, president, exploratory, latest, campaign, pete, national, buttigieg, raises, million, 2020, reported, announcement, hours


Pete Buttigieg raises $1 million within four hours of 2020 campaign announcement

The GOP has been taken over by an economic populist, says Mayor Pete Buttigieg 11:13 AM ET Fri, 12 April 2019 | 03:31

Pete Buttigieg, the latest Democrat to launch a full-fledged 2020 presidential campaign, raised $1 million just hours after announcing his official bid, according to his spokeswoman.

The fundraising haul, shared Sunday by Buttigieg’s team after his announcement speech, provides the latest data point indicating the South Bend, Indiana, mayor’s growing profile on the national stage in the few months since entering the contest as a relative unknown.

In the 24 hours after launching an exploratory committee in late January, for instance, Buttigieg raised about $120,000, according to spokeswoman Lis Smith. But after his campaign launch Sunday, Buttigieg collected seven figures in donations in about four hours, the campaign said.

Buttigieg, the youngest of the 18-plus confirmed candidates to join the race against President Donald Trump, had already reported raising over $7 million in the first fundraising quarter during his “exploratory” campaign phase. That sum put the 37-year-old mayor ahead of a number of more nationally established candidates for the quarter.

Neither Buttigieg nor any other 2020 Democrat has come close to matching the Trump campaign’s first-quarter fundraising haul, however. The president’s reelection campaign announced Monday that it took in $30.3 million overall in the fundraising period, leaving it with $40.8 million in cash on hand.

Trump’s campaign and the Republican National Committee reported a combined $76.1 million to the FEC.

Buttigieg has used his campaign funds more sparingly, according to a recent filing from the Federal Election Commission. Of the $7,091,224.39 Buttigieg reported raising, he spent less than $700,000. That leaves him with more than $6.4 million in cash on hand, even before adding in the latest $1 million reported by his campaign on Sunday.

That’s an especially low “burn rate,” experts and media figures have claimed, and one that his spokeswoman chalks up to the self-described millennial mayor’s intent to run a “21st century campaign doing more with less.”

Buttigieg told CNBC in a February interview that “I understand this is an underdog project.” Yet the Rhodes Scholar and Afghanistan War veteran, who would be both the youngest and the first openly gay president in U.S. history if elected, has matched his fundraising gains with sizable jumps in polling since launching his exploratory committee.

A Emerson national poll of the 2020 contenders in mid-February, for instance, notched Buttigieg at 0% support, falling well below 12 other Democrats in the primary at the time.

But the latest national poll from Emerson released Monday morning saw Buttigieg rise to the No. 3 slot with 9%, beating 17 other Democrats and falling behind only former Vice President Joe Biden and Vermont Sen. Bernie Sanders — both of whom have been leading names in American politics for years.


Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: kevin breuninger
Keywords: news, cnbc, companies, fundraising, president, exploratory, latest, campaign, pete, national, buttigieg, raises, million, 2020, reported, announcement, hours


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Atari Group: Google’s Stadia announcement is ‘great’ for us

Atari Group: Google’s Stadia announcement is ‘great’ for us11 Hours AgoFrederic Chesnais of Atari Group weighs in on the impact of Google’s Stadia on video games. He says gaming has evolved over the years, but players want content “first and foremost,” and consoles are just a “conduit” for that.


Atari Group: Google’s Stadia announcement is ‘great’ for us11 Hours AgoFrederic Chesnais of Atari Group weighs in on the impact of Google’s Stadia on video games. He says gaming has evolved over the years, but players want content “first and foremost,” and consoles are just a “conduit” for that.
Atari Group: Google’s Stadia announcement is ‘great’ for us Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-22
Keywords: news, cnbc, companies, weighs, announcement, video, us11, stadia, impact, group, players, atari, hours, great, googles


Atari Group: Google's Stadia announcement is 'great' for us

Atari Group: Google’s Stadia announcement is ‘great’ for us

11 Hours Ago

Frederic Chesnais of Atari Group weighs in on the impact of Google’s Stadia on video games. He says gaming has evolved over the years, but players want content “first and foremost,” and consoles are just a “conduit” for that.


Company: cnbc, Activity: cnbc, Date: 2019-03-22
Keywords: news, cnbc, companies, weighs, announcement, video, us11, stadia, impact, group, players, atari, hours, great, googles


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