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Meta Platforms will report its first-quarter earnings on Wednesday after the closing bell. Wall Street is optimistic about the social media firm's result, citing optimism around AI and ad spending. Here's what Wall Street expects from Meta's first-quarter earnings after the closing bell on Wednesday:Wells Fargo: In need of a new catalystWells Fargo has projected ad-led strength in the first-quarter, with Meta benefiting from a robust e-commerce environment. The bank highlighted the fact that Instagram Reels has reached revenue neutrality, and should remain a key revenue growth tailwind over the coming years. JPMorgan rates Meta at "Overweight" with a $535 price target.
Persons: , Wells, Ken Gawrelski, optionality, Brad Erickson, Goldman Sachs, Goldman, Justin Post, Nitin Bansal, Doug Anmuth Organizations: Service, Meta, RBC, Bank of America, Washington . Bank of America, JPMorgan Locations: Meta's, Fargo, Wells, Washington .
AdvertisementThe majority of so-called "peak boomers" have $250,000 or less in assets , according to a recent report, write Juliana Kaplan and Ayelet Sheffey. If you're a bit surprised by the dire economic situation of peak boomers, I wouldn't blame you. Older boomers had the benefit of employer-subsidized retirement plans before a shift in the workforce left younger boomers to fend for themselves. Alistair Berg/Getty ImagesPeak boomers' retirement struggles might end up being a wake-up call for younger generations. There will be plenty of lessons learned from peak boomers entering retirement without the safety net of a pension.
Persons: , blowup Jacob Wackerhausen, Jenny Chang, Rodriguez, Juliana Kaplan, Ayelet Sheffey, that's, we've, boomers, Alistair Berg, Xers, Gen Zers, Bryan Erickson, Jane Street, Chowdhury, Elon Musk, they'd, Tesla, Tony Stubblebine, Nick Little, Dani Widell, BI's Emily Stewart, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett Organizations: Business, Service, Social Security, Security, Google, Wall Street, JPMorgan, Detroit Police Department, Tesla, BI, Verizon Locations: Covid, China, Europe, Airbnb ., America, New York, London, Chicago
Tree Paine has been Taylor Swift's power publicist for a decade. To that end, Swift's publicist of a decade, Tree Paine, is one of the most critical figures in her orbit. Advertisement'The devil works hard, but Tree Paine works harder'Paine is private on Instagram but active on X, where users regularly rhapsodize about her apparent machinations behind the scenes — whether or not she's actually involved. "The devil works hard," the user wrote, "but tree paine works harder." "Tree Paine undefeated," he joked.
Persons: Tree Paine, Taylor, she's, , Taylor Swift, — Paine, Paine, Trina Snyder, Swift, Paula Erickson, Erickson, Lance Paine —, Donald Trump, Paine clapped, Kim Kardashian, Kanye West, Joe Alwyn, Paine fumed, Paine's, paine, David Ehrlich Organizations: Service, Department, Wall Street, University of Southern, Warner Music Nashville, Warner, Premium, Scott Brothers Global, Netflix Locations: Costa Mesa , California, University of Southern California, Los Angeles, Swift's, Deuxmoi
Creator Sydney McDonald thought the TikTok Creative Challenge was a scam when she first saw an advertisement for it while scrolling through the app last year. The Creative Challenge, launched in June, is a forum for creators to submit UGC-style ads at the request of brands. Five creators BI spoke with said they're earning thousands of dollars a month through TikTok's Creative Challenge. BI verified each of their earnings with screenshots of their TikTok Creative Challenge dashboard. McDonald said many creators she's met along the way have told her they've discovered the program through creators like her.
Persons: Sydney McDonald, McDonald, it's, TikTok, Muaaz Shakeel, Christina Johnson, Corey Barton, Johnson, Barton, they've, Caitlin Jenco, Shakeel, Jordan Erickson, she's, TTCC Organizations: Business, UGC, TikTok's Creative, Creative Locations: The Arizona
RBC upgrades Lyft and DoorDash
  + stars: | 2024-03-04 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRBC upgrades Lyft and DoorDashBrad Erickson, RBC Capital Markets internet equity analyst, joins 'Money Movers' to discuss the firm's recent upgrade of DoorDash and Lyft, if either of the named stocks can experience a rise similar to Uber, and much more.
Persons: Brad Erickson Organizations: RBC, RBC Capital Markets
On a more positive note, Guggenheim upgraded GSK to buy thanks to strength across multiple product pipelines. Elsewhere, RBC upgraded Lyft to outperform, calling for a major rally ahead. Analyst Brad Erickson upgraded Lyft shares to outperform from sector perform, and raised his price target by $6 to $23, implying roughly 40.7% potential increase. — Pia Singh 6:10 a.m.: DoorDash upgraded by RBC on new partnerships potential, higher order growth RBC Capital Markets upgraded DoorDash to outperform from sector perform. Analyst Seamus Fernandez upgraded shares to buy from neutral and assigned a £20.31 price target, representing 21% upside to GSK's latest close.
Persons: Guggenheim, Wells Fargo, Timur Braziler, Braziler, — Pia Singh, Lyft, Brad Erickson, Erickson, Seamus Fernandez, Fernandez, Citi downgrades Ferrari, Ferrari, Harald Hendrikse, Fred Imbert Organizations: CNBC, Citi, Ferrari, GSK, RBC, Popular, RBC Capital Markets RBC Capital Markets, DASH, Capital Markets, Guggenheim Securities, drugmaker GSK, Guggenheim Locations: Wells Fargo, Puerto Rico, U.S, Wells, Shingrix, Arexvy, Milan
Two top analysts debate the bull and bear cases for Carvana
  + stars: | 2024-02-22 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTwo top analysts debate the bull and bear cases for CarvanaNicholas Jones, Senior Analyst at Citizens JMP, and Brad Erickson, Internet Services Senior Analyst at RBC Capital Markets, debate the outlook for Carvana.
Persons: Carvana Nicholas Jones, Brad Erickson Organizations: Citizens, Internet Services, RBC Capital Markets
NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today's big story, we're looking at why side hustles are all the rage these days . Call it “overemployed light,” but working side jobs for some extra income is en vogue, especially for young people. For as much energy as they put into eliciting change, they also view their job as… just a job.
Persons: , I've, Andrew Hollenhorst, we’re, hasn’t, Gen Zer, Jackie Mitchell, Mitchell, Business Insider’s Madison Hoff, Michell isn’t, Zers, don’t, Z, Eve Upton, Clark, Keida Dervishi, Jeremy Grantham, ” Grantham, Riley Wealth's Paul Dietrich, Bryan Erickson, Craig Hastings, Isabel Fernandez Pujol, Oppenheimer, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Business, Service, Citi, Boston Globe, Labor, Getty, Netflix, Walmart Locations: California, TikTok, New York, London
How Shaved Ice Took Over the Dessert Menu
  + stars: | 2024-02-15 | by ( ) www.nytimes.com   time to read: +2 min
Whether you know it as Japanese kakigori, Korean patbingsu, Hawaiian shave ice, Italian granita, Indian ice gola or the American snow cone, a mound of shaved ice drenched in syrup and served on a hot day is a near-universal delight. Erickson serves kiwi-flavored shaved ice atop a creamy jasmine tea custard. At Bar Maze, which offers a cocktail-paired tasting menu in Honolulu, the head chef Ki Chung, 32, combines sweet corn pudding and sesame streusel with ice shaved from the same clear blocks used for drinks — the dessert is finished tableside with a pour of black sesame orgeat. For Srijith Gopinathan, 46, the chef and owner of Copra in San Francisco, shaved ice is infused with nostalgia. Part of the fun is the dramatic dimensions of the dessert, about the size of a volleyball.
Persons: , , Maya Erickson, Erickson, Ki Chung, Dano Heinze, Gopinathan, Giles Clark, ” Clark, Martha Cheng Locations: Thai, Phuket, Portland , Ore, Honolulu, Vern’s, Charleston, S.C, San Francisco, Kerala, India, Yess, Los Angeles
The shake-up targets the $10 trillion money manager's influential group that provides services to high-stakes institutional clients like sovereign wealth funds, insurers, and central banks. The group has ambitions to become "the most trusted advisor to financial institutions in our industry," he wrote. AdvertisementThe FSIG includes the firm's Financial Markets Advisory team and the Financial Institutions Group. It had also historically encompassed the Official Institutions Group, known as OIG, which will no longer be a stand-alone unit, a BlackRock spokesperson confirmed on Tuesday. She has been critical to driving relationships with institutions and "instrumental in making BlackRock the partner of choice for central banks globally," he wrote.
Persons: , Volodymyr Zelenskyy, Charles Hatami, BlackRock's, Hatami, Isabelle Mateos y, OIG, Mateos y, Crystal Wan, Olivier Van Eyseren, Anne Parthiot, Mark Erickson, Kimberly Kim, Erickson, Hiro Shimizu, Philipp Hildebrand, BlackRock's Brandon Hall, Brandon Hall, Ben Leax, Rob Goldstein, FMA, Larry Fink Organizations: Service, Business, BlackRock's Financial, Strategic Investors Group, Business Insider, Financial, Group, BlackRock, International Monetary Fund, FIG, EMEA, Presidential, Brandon Locations: Isabelle Mateos y Lago, Hatami, Europe, Middle East, Africa, Asia, Pacific, Ukraine, Central Asia, US
Read previewThe two executives who have ran BlackRock's influential consulting business since 2020 are each being promoted to new roles at the asset manager, a spokesperson told Business Insider, as BlackRock makes sweeping changes to its leadership ranks across divisions. The firm is naming Brandon Hall as the firm's deputy chief operating officer, reporting to Rob Goldstein, BlackRock's chief operating officer and a prominent leader at the company. He replaces Stacey Mullin, who had held the role since 2022 and was recently named chief of staff to BlackRock Chief Executive Larry Fink. He will report to Charles Hatami, who runs the group known as FSIG and heads up BlackRock's business in the Middle East. Martin Small, now the New York-based firm's chief financial officer, had previously held roles in FMA.
Persons: , Brandon Hall, Rob Goldstein, Stacey Mullin, Larry Fink, Ben Leax, Charles Hatami, FMA, Goldstein, Martin Small, Hatami, Mark Wiedman, Fink, Mark Erickson, Mark Azzopardi Organizations: Service, BlackRock, Business, Financial, Hall, BI, Federal Reserve Bank of New Locations: New York, FMA, Federal Reserve Bank of New York
Republican Kris Kobach’s action was his latest move to restrict transgender rights, following his successful efforts last year to temporarily block Democratic Gov. It’s also part of a trend of GOP attorneys general asserting their authority in culture war issues without a specific state law. Kobach maintains that failing to disclose when a child is socially transitioning or identifying as non-binary at school violates a parents' rights. But Kobach didn't cite Kansas law in his letters to the state school boards association, the Topeka school district and the Kansas City, Shawnee Mission and Olathe school districts in the Kansas City area. But they also look outward, and Kobach's letters weren't the first to issue warnings not grounded in a specific state law.
Persons: they're, Kris Kobach’s, Laura Kelly’s, It’s, Kobach, general's, , , Jordan Smith, Smith, Sen, Renee Erickson, Erickson, ” Kobach, Ken Paxton, it's, Tom Alonzo, Michelle Hubbard, ” Hubbard, ___ Mulvihill Organizations: Democratic, Kansas City, Kansas Association of School Boards, Movement Advancement, Wichita, Shawnee Mission, Seattle Children’s Hospital Locations: TOPEKA, Kan, Kansas, Topeka, Kansas City, Shawnee, Olathe, Wichita, , Texas, Washington, Georgia, Kansas City , Kansas, Cherry Hill , New Jersey
COLUMBIA, S.C. (AP) — Clemson football coach Dabo Swinney, South Carolina football coach Shane Beamer and Coastal Carolina football coach Tim Beck all came together at the Statehouse to urge lawmakers to pass a law allowing their schools to directly compensate their athletes. The call for name, image and likeness legislation came Tuesday in a South Carolina House education committee hearing. They packed the hearing room, and South Carolina women's basketball coach Dawn Staley and men's basketball coach Lamont Paris prowled the halls of the House's office building to meet with legislators before the meeting started. The bill would overhaul a law passed a few years ago when name, image and likeness laws were just starting. The bill is also needed for lesser known, smaller teams, Coastal Carolina women's basketball coach Kevin Pederson said.
Persons: Dabo Swinney, Shane Beamer, Tim Beck, Dawn Staley, Lamont Paris, Swinney, Beamer, Shannon Erickson, ” Beamer, Kevin Pederson, ” Pederson, Anderson, Beck Organizations: COLUMBIA, — Clemson, Coastal Carolina, Statehouse, South Carolina House, South Carolina women's, men's, NCAA, Republican House Education, Public, Coastal, Republican Locations: South Carolina, South, Beaufort, Coastal Carolina, Cromer
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRBC's top tech picks for digital ad market: Amazon, Meta, and PinterestBrad Erickson, Senior Internet Services Analyst at RBC Capital Markets, discusses the digital ad market recovery following strong reports from Meta, Alphabet, and Amazon.
Persons: Brad Erickson Organizations: Senior Internet, RBC Capital Markets, Meta
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStaying neutral in both equities and fixed income makes sense right now: U.S. Bank’s Lisa EricksonLisa Erickson, U.S. Bank Wealth Management head of the public markets group, joins 'Squawk Box' to discuss the latest market trends, the Fed's rate path outlook, earnings season, and more.
Persons: Bank’s Lisa Erickson Lisa Erickson Organizations: U.S, Bank Wealth Management
Biden Rolls Out Newly Aggressive Border Messaging
  + stars: | 2024-02-05 | by ( Lauren Camera | Feb. | At P.M. | ) www.usnews.com   time to read: +6 min
President Joe Biden is beta testing a new message on the campaign trail and in the White House. Biden’s response: Send the immigration bill to my desk to sign and I’ll shut down the border right now. The newly aggressive messaging is likely a necessary tone for an issue that’s overtaken the economy as the No. That's why you're seeing him try to talk and act tougher about border security. I think Biden has started thinking about how to reframe it.”The clock is ticking.
Persons: Joe Biden, Donald Trump, I’d, , , Biden, Matthew Wilson, Trump, ” Wilson, it's, they’re, Lanae Erickson, That’s, ” Erickson Organizations: Congress, Republican, Senate, GOP, House Republicans, Southern Methodist University, New, AP, Trump, New York City Police Department Locations: Ukraine, Israel, South Carolina, Iowa, New Hampshire, United States, U.S, Washington ,, Denver, New York City
Elsewhere, Bank of America raised its price target on Nvidia, calling for more than 25% upside. 7:07 a.m.: Deutsche Bank deals latest blow to regional bank after earnings disappoint Deutsche Bank joined the post-earnings dogpile on New York Community Bank . Analyst Bernard von-Gizycki downgraded the regional bank to hold from buy and slashed to price target to $7 from $15. Analyst Alicia Yap upgraded the consumer internet stock to buy from neutral and raised her price target by $6 to $50. — Alex Harring 5:45 a.m.: Bank of America hikes Nvidia price target Don't expect Nvidia to lose momentum anytime soon, according to Bank of America.
Persons: Goldman Sachs, Bernard von, Gizycki, — Alex Harring, There's, Alicia Yap, Sea's, Shopee, Alex Harring, what's, Tim Cook, Brandon Nispel, AAPL's, AAPL, Morgan Stanley, Erik Woodring, we're, Tim Long, Piper Sandler, Harsh Kumar, Meta, Ross Sandler, Benjamin Black, Mark Kelley, Bernstein, Mark Shmulik, LSEG, Rufus, Eric Sheridan, Brian Nowak, outsized, Brad Erickson, Vivek Arya, Fred Imbert Organizations: CNBC, Apple, Bank of America, Nvidia, Deutsche Bank, New York Community Bank, von, Investors, Traders, Citi, Nasdaq, Conference, Barclays, Vision, Meta, Wall Street, Amazon, RBC Capital, Enterprise, SAP, VMWare, Dell Locations: Wall, New, Thursday's, Friday's premarket, China, genAI, CY25
Amazon and Meta set to report earnings: Here's what to expect
  + stars: | 2024-02-01 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmazon and Meta set to report earnings: Here's what to expectBrad Erickson, RBC Capital Markets internet services senior analyst, joins 'Squawk Box' to preview earnings from Amazon and Meta, what investors can expect from the two tech giants, and more.
Persons: Brad Erickson Organizations: RBC Capital Markets, Amazon
Fox held separate pre-Iowa town halls for DeSantis and Haley, but at 6 p.m. before prime time. Frustration boiled over when DeSantis' campaign manager, James Uthmeier, felt that a Fox graphic didn't show the extent of the candidate's appearances in Iowa. Asked by Ainsley Earhardt if she would withdraw if she lost New Hampshire, Haley said she would not. “I don't care how much y'all want to coronate Donald Trump,” Haley said. “I don't need any advice from RINO Kayleigh McEnany on Fox,” Trump wrote on Truth Social, referencing the conservative slur Republican in Name Only.
Persons: Donald Trump, Nikki Haley, Ron DeSantis, DeSantis, Haley, Trump, Kayleigh McEnany, It's, Brian Stelter, questioners, ” Trump, He's, , Erick Erickson, Bret Baier, Martha MacCallum, , Fox, surrogates, James Uthmeier, “ Fox, ” Uthmeier, Fox’s Laura Ingraham, she’s, ” Ingraham, , Brian Kilmeade, Ainsley Earhardt, Kilmeade, ” Haley, that's, ” Kilmeade, ” Erickson, “ They've, I've, DeSantis aren't, Chris Sununu, Fox's Harris Faulkner, Sununu, Joe Biden, ” Sununu, ” Faulkner, Jean Carroll, Fox's, Biden, RINO, Steve Doocy, ” Fox, “ Trump, ” ___ David Bauder Organizations: Fox News, Republican, Fox, White House, DeSantis, Trump, CNN, Twitter, GOP, “ Fox, New, America, New Hampshire Gov, FOX, Voting Systems, MSNBC, New York Times, Truth, Friends, Associated Press Locations: Florida, Trump, Fox's, Iowa, Fox, weren't, New Hampshire, New York
Trump Stays on Ballot in Illinois, State Board Rules
  + stars: | 2024-01-30 | by ( Mitch Smith | ) www.nytimes.com   time to read: +1 min
The Illinois State Board of Elections rejected a complaint on Tuesday that sought to disqualify former President Donald J. Trump from the state’s primary ballot. The appointed eight-member board determined unanimously that it did not have the authority to decide whether Mr. Trump had engaged in insurrection, the basis for the complaint. The board had appointed a former Republican judge, Clark Erickson, to hear arguments in the case. In an opinion made public over the weekend, Mr. Erickson said that he believed Mr. Trump had engaged in insurrection by attempting to remain in office after losing the 2020 election. But Mr. Erickson said he did not believe that the board had the authority to disqualify Mr. Trump on those grounds, and that the question should instead be left to the courts.
Persons: Donald J, Trump, Clark Erickson, Erickson, Mr Organizations: Illinois State, Republican, Supreme Locations: Colorado, Maine, U.S
The panel voted 8-0 on a bipartisan basis to dismiss the challenge, finding that it didn’t have jurisdiction to adjudicate a dispute involving the 14th Amendment. He said state courts – which have more power than the election board – should decide Trump’s eligibility. Trump attorney Adam Merrill, however, urged the state board to keep Trump on the 2024 ballot, pushing back against the findings from Erickson. This includes Missouri’s secretary of state and Texas’ lieutenant governor, though they weren’t involved in the Illinois case. CORRECTION: This story has been updated to correct the vote tally by the Illinois State Board of Elections.
Persons: Donald Trump’s, , Judge Clark Erickson, Erickson, Trump, Catherine McCrory, ” McCrory, ” Matthew Piers, ” Piers, Adam Merrill, “ Mr, ” Merrill, , can’t, Biden, Joe Biden, rebuffing, Biden “, Marni Malowitz, ” David Herman, ” Herman Organizations: Washington CNN, Illinois State, Trump, Capitol, Republican, United States Congress, Illinois, Citizens, GOP, Biden, United, Constitution Locations: Illinois, Colorado, Maine, Michigan , Minnesota, United States, Mexico, Texas
CHICAGO (AP) — Illinois' election board on Tuesday is scheduled to consider whether to keep Donald Trump on the state’s primary ballot after a recommendation that he be removed over the Constitution's insurrection provision. That state's highest court found the 14th amendment barred Trump from the ballot over his role in the Jan. 6, 2021, attack on the U.S. Capitol. The push has notched successes in Colorado and in Maine, where the Democratic secretary of state also recommended removing Trump from the ballot. The eight-member Illinois election board is split evenly between Democrats and Republicans. If the vote is tied 4-4, the effort fails and Trump’s name would remain on the ballot.
Persons: Donald Trump, Clark Erickson, Trump, , ” Ron Fein, Nicholas Riccardi Organizations: CHICAGO, Illinois State, Republicans, U.S, Supreme, Trump, U.S . Capitol, Republican, Democratic, People, Associated Press Locations: Illinois, Colorado, Maine, Denver
MINNEAPOLIS (AP) — A Minnesota state trooper accused in the fatal shooting of motorist Ricky Cobb II can remain free without bail while awaiting trial, a judge ruled Monday during a brief court hearing. Trooper Ryan Londregan must surrender his passport and avoid contact with witnesses and Cobb's relatives, the judge ruled. Seide told Cobb he was under arrest while Londregan reached inside, unlocked the doors and began opening the passenger door. The complaint said Cobb’s car began to slowly move forward. Seide and Trooper Garrett Erickson said they believed lethal force was necessary, according to a court document filed by the defense.
Persons: Ricky Cobb, Ryan Londregan, Londregan, Cobb, , Rashad Cobb, Chris Madel, Madel, , George Floyd, Derek Chauvin, Brett Seide, Seide, Garrett Erickson, ” Seide, Octavia Ruffin, , “ We’re, ” Ruffin, Jim Salter Organizations: , Ford Fusion, Locations: MINNEAPOLIS, Minnesota, Minneapolis, Ramsey County, Ramsey, O'Fallon , Missouri
The U.S. Supreme Court is set to hear arguments next month in an historic Colorado Supreme Court ruling to remove Trump from that state’s ballot. But he said the election board can't engage in the “significant and sophisticated constitutional analysis” required to remove Trump’s name before the March 19 primary. Still, Erickson noted that even if the board disagrees with his reasoning, Trump's name should be removed from the Illinois primary ballot. The election board is split evenly between four Democrats and four Republicans. Free Speech for People, which is leading the Illinois ballot effort, praised the recommendation from the Republican retired judge as “significant” but argued that Illinois law allows the board to make the ballot decision.
Persons: Donald Trump, Trump, Clark Erickson, , , Erickson, ” Ron Fein Organizations: CHICAGO, U.S . Capitol, Illinois State, Trump, Republican, The U.S, Supreme, Colorado Supreme Locations: Illinois, Kankakee County, The, Colorado
A former Republican judge appointed to hear arguments on whether to disqualify former President Donald J. Trump from the Illinois primary ballot said on Sunday that he believed Mr. Trump engaged in insurrection by attempting to remain in office after the 2020 election. Mr. Trump, the leading Republican candidate for president, is still likely to appear on the primary ballots in both of those states as the U.S. Supreme Court considers an appeal of the Colorado ruling. In Illinois, at least five of the eight members of the Board of Elections would have to vote on Tuesday to remove Mr. Trump for him to be struck from the ballot. The appointed board is made up of four Democrats and four Republicans. Their decision can be appealed to the courts before the March 19 primary.
Persons: Donald J, Trump, Clark Erickson, Mr Organizations: Republican, State Board, U.S, Supreme Locations: Illinois, Colorado and Maine, Colorado
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