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Goldman Sachs lowered its rating on Estée Lauder to neutral, and its new price target calls for a slight decline going forward. Elsewhere, Daiwa raised its price target on Nvidia, which points to more than 10% upside over the next 12 months. The firm stood by its outperform rating on the chipmaker stock, but lifted its price target to $900 from $535. FLYW YTD mountain FLYW in 2024 Faucette accompanied his downgrade by lifting his price target to $30 from $27. He also lifted his price target on the stock to $40 from $30, implying upside of 24.6% from Thursday's close.

Persons: Goldman Sachs, Estée Lauder, Jefferies, Root, Daiwa, Brad Sills, Sills, — Lisa Kailai Han, Stephens, Vita Coco, Coco, Jim Salera, COCO, Lisa Gill, Gill, Louis Miscioscia, Miscioscia, Lisa Kailai Han, Piper Sandler downgrades, Piper Sandler, Mark Fitzgibbon, Fitzgibbon, Morgan Stanley downgrades Flywire, Morgan Stanley, James Faucette, Faucette, Goldman Sachs downgrades Estée Lauder, Lauder, Goldman, Yaron Kinar, Kinar, Fred Imbert Organizations: CNBC, Nvidia, Bank of America, of America, Vertex, Accenture, RSM, BDO, JPMorgan, Daiwa, Markets, Riding, AMD, Intel, York Community Bancorp, York Community, New York Community Bancorp, Travel, B2B, U.S, Jefferies Locations: York, Canada, Asia, China, Hainan, Thursday's

☆ Lead-Tainted Applesauce Sailed Through Gaps in Food-Safety System
▼ + stars: | 2024-02-27 | by ( Christina Jewett | Will Fitzgibbon | ) www.nytimes.com time to read: +1 min

Cinnamon-flavored applesauce pouches sold in grocery and dollar stores last year poisoned hundreds of American children with extremely high doses of lead, leaving anxious parents to watch for signs of brain damage, developmental delays and seizures. The Food and Drug Administration, citing Ecuadorean investigators, said a spice grinder was likely responsible for the contamination and said the quick recall of three million applesauce pouches protected the food supply. Children in 44 states ate the tainted applesauce, some of which contained lead at extraordinarily high levels. and a food-safety law that gives companies, at home and abroad, wide latitude on what toxins to look for and whether to test. “Largely, the food supply regulatory system is based on an honor system.”

Persons: ”, Neal Fortin Organizations: Drug Administration, The New York Times, Institute for Food Laws, Michigan State University, “

☆ Quebec expects possible profit with planned sale of A220 jet program stake in 2030
▼ + stars: | 2023-11-20 | by ( Allison Lampert | ) www.reuters.com time to read: +2 min

[1/2] An Airbus A220-300 is seen at the Airbus facility in Mirabel, Quebec, Canada February 20, 2020. Quebec holds a 25% stake in the jet, which has faced scrutiny as Airbus struggles to contain costs on parts. Airbus has also faced delays in ramping up production toward its latest target of 14 planes per month by 2026. Airbus has said it plans to raise Mirabel production to 10 A220s a month, with four jets a month in Mobile. The planemaker created the Mobile production line for U.S. customers to avoid a trade dispute with Boeing (BA.N) when it took over the plane from Canada's Bombardier in 2018.

Persons: Christinne, Pierre Fitzgibbon, Fitzgibbon, we're, Allison Lampert, Jonathan Oatis Organizations: Airbus, REUTERS, Rights, Reuters, Quebec, Aerospace, Bombardier, Mirabel, Boeing, Mobile, Thomson Locations: Mirabel, Quebec, Canada, Airbus's, Mobile , Alabama, Mobile

WASHINGTON (AP) — The United States on Tuesday formally declared the ousting of Niger's democratically-elected president a coup d'etat, more than two months after mutinous soldiers seized power. The coup designation comes with the suspension of counterterrorism assistance and military training as well as the pausing of certain foreign assistance programs worth hundreds of millions of dollars. Under U.S. law, a formal determination of a coup — the unconstitutional overthrow of a democratically elected government — typically results in a suspension of all non-humanitarian assistance, particularly military aid and cooperation, to the country concerned. The bases are a critical part of America’s overall efforts in West Africa and Niger, hosting more than 1,000 troops in the country. While a sizeable footprint remains in the country, those troops are not conducting either partnered training or counterterrorism missions, administration officials said, raising questions as to why they were staying.

Persons: Niger's, it’s, we’ve, they've, ”, Niger Kathleen FitzGibbon, Mohamed Bazoum who’s, Bazoum, —, Biden, Peter Pham, ___ Mednick Organizations: WASHINGTON, National Council for, U.S, Islamic, Atlantic Council Locations: United States, U.S, West African, Ambassador, Niger, Sahel, Burkina Faso, Mali, West Africa, Niamey, Agadez, West Africa’s, Cotonou, Benin

After the coup, the United States paused certain foreign assistance programs for Niger and military training has been on hold. "The leaders of this attempted coup are putting Niger's security at risk, creating a potential vacuum that terrorist groups or other malign groups may exploit," the official said. The United States has been pressing for a diplomatic resolution of the crisis that erupted on July 26 when Niger military officers seized power, deposed President Mohamed Bazoum and placed him under house arrest. Military juntas have come to power through coups in Mali and Burkina Faso - both neighbors of Niger - in recent years. But so far, Paris has rejected calls by the coup leaders to withdraw their 1,500 troops.

Persons: Joe Biden, Mohamed Bazoum, Kathleen FitzGibbon, Nusrat al, Idrees Ali, Phil Stewart, Jonathan Oatis, Rosalba O'Brien Organizations: Pentagon, Reuters, American, Air Base, Islamic State, Troops, United, Niger, Thomson Locations: Niger, U.S, Niamey, Agadez, West, al Qaeda, United, Washington, United States, State, Mali, Burkina Faso, France, Paris

☆ US Ambassador Kathleen FitzGibbon arrives in Niger
▼ + stars: | 2023-08-19 | by ( Jennifer Hansler | ) edition.cnn.com time to read: +3 min

CNN —US Ambassador Kathleen FitzGibbon arrived in Niger on Saturday, the State Department announced, taking up her post as the United States and partners continue to grapple with the military takeover in that country. “Ambassador Kathleen FitzGibbon has traveled to Niamey to lead our diplomatic mission in Niger and bolster efforts to help resolve the political crisis at this critical time. A source told CNN that one of the first things FitzGibbon intends to do is call Bazoum. Secretary of State Antony Blinken has spoken with the detained president numerous times, but Nuland was not permitted to visit him during her trip to Niamey. Nuland was also not granted a meeting with the self-proclaimed new leader of Niger, General Abdourahmane Tiani, and instead met with the self-proclaimed chief of defense, Gen. Moussa Salaou Barmou, and three colonels supporting him.

Persons: Kathleen FitzGibbon, Matthew Miller, FitzGibbon, Mohamed Bazoum, State Victoria Nuland –, Vedant Patel, ”, Bazoum, ” Patel, “, Antony Blinken, Nuland, Abdourahmane Tiani, Moussa Salaou Barmou Organizations: CNN, State Department, ”, State Victoria, Economic, West African, Senate Locations: Niger, United States, Niamey, West Africa, West African, West African States, ”, Nuland

☆ Niger: US State Department orders evacuation of non-emergency personnel
▼ + stars: | 2023-08-02 | by ( Jennifer Hansler | ) edition.cnn.com time to read: +4 min

CNN —The US State Department on Wednesday ordered the evacuation of non-emergency personnel and family members from Niger following last week’s military takeover. Subsequent events have severely limited flight options,” the State Department said in an updated travel advisory. “We’re working really, really hard to see if we can turn this around,” a senior State Department official said Monday. On Tuesday, however, the US Embassy in Niger asked Americans who are in the country and wish to leave to register with the US State Department. The State Department created a similar form in the midst of deadly violence in Sudan, when scores of Americans were in need of assistance to depart the country.

Persons: Mohamed Bazoum, “, Matt Miller, ”, ” Miller, Kathleen FitzGibbon, Miller Organizations: CNN, US State Department, Wednesday, “, State Department, Department, Embassy, Nigerien, Nigerien Party for Democracy and, Getty, CNN Wednesday, The State Department Locations: Niger, Embassy Niamey, ”, U.S, Niamey, AFP, West, Sahel, Africa, Mali, Burkina Faso, United States, Nigerien, Sudan, France, Italy

July 28 (Reuters) - The United States and its partners are communicating with military leaders in Niger, a State Department spokesperson said on Friday, as Washington warned a military takeover could end U.S. cooperation with the nation. Coup leaders in Niger on Friday declared General Abdourahamane Tiani as the new head of state following the seventh military takeover in West and Central Africa in less than three years. Military leaders from ECOWAS nations and international partners including the United States are in communication with a broad array of military leaders in Niger," the State Department spokesperson said. So far in fiscal year 2023, the U.S. has provided nearly $138 million in humanitarian assistance for vulnerable populations in Niger, the State Department spokesperson said. The State Department spokesperson said there was no announcement about when she would travel to Niger.

Persons: Abdourahamane Tiani, John Kirby, Washington, Washington's, Biden, Kirby, Lloyd Austin, Kathleen FitzGibbon, Steve Holland, Daphne Psaledakis, Phil Stewart, Patricia Zengerle, David Ljunggren, Jonathan Oatis, Sandra Maler, Don Durfee, Cynthia Osterman Organizations: State Department, Friday, Military, White House, U.S . Agency for International Development, ., Pentagon, DoD, Department of Defense, The State Department, Thomson Locations: United States, Niger, Washington, West, Central Africa, U.S, Africa's, Niger . U.S

May 8 (Reuters) - PacWest Bancorp (PACW.O) shares pared early gains on Monday, dragging down other U.S. regional banking stocks, as the Los Angeles-based lender's decision to slash its quarterly dividend failed to stem worries about its financial stability. Other U.S. regional banks also retreated. REUTERS/Mike Blake/File Photo 1 2The KBW Regional Banking index (.KRX) fell 2.82% after gaining nearly 4.7%. But hedge funds, which often engage in short selling, pushed back on Monday, saying in a letter to Gensler that a ban would be counterproductive. Yellen said it is in the SEC's purview to regulate short selling although there is a high bar for any controls if evidence of market manipulation was found.

May 8 (Reuters) - PacWest Bancorp (PACW.O) shares pared early gains on Monday, dragging down other U.S. regional banking stocks, as the Los Angeles-based lender's decision to slash its quarterly dividend failed to stem worries about its financial stability. "The dividend cut is not a good sign," said Jamie Cox, managing partner at Harris Financial Group. Other U.S. regional banks also retreated. The KBW Regional Banking index (.KRX) fell 1.5% after gaining nearly 4.7%. "I have a general fear that smaller banks are going to disappear, and we're going to end up with just a few large banks."

☆ PacWest rallies on dividend cut to bolster capital
▼ + stars: | 2023-05-08 | by ( ) www.reuters.com time to read: +3 min

May 8 (Reuters) - Shares of PacWest Bancorp (PACW.O) jumped 39% in premarket trading on Monday and led a recovery in the battered U.S. banking sector after the lender sharply cut its quarterly dividend to shore up its finances. "Given the extreme volatility in the stock recently ... we believe this dividend reduction makes sense and can help the pace of capital building," RBC Capital Markets analysts wrote in a note. PacWest shares, which soared nearly 82% in their last trading session, were currently trading at $7.96. U.S. federal and state officials are assessing whether "market manipulation" caused the recent volatility in banking shares, Reuters reported on Thursday, citing a source familiar with the matter. Billionaire Warren Buffett, whose views are closely watched by investors, said on Saturday his conglomerate Berkshire Hathaway (BRKa.N) was cautious around the banking sector.

Constellation Brands is pouring into the streaming business. The company, which owns beer, wine and spirits brands, is forming a partnership with media company Tastemade to create a content studio and produce shows that revolve around Constellation's brands. Discovery and Walt Disney Co.Its partnership with Constellation will take a similar form. "What was exciting about this partnership is we just got kind of unprecedented access to some story hunting within Constellation Brands," said Fitzgibbon. Constellation's leading brands include Corona, Modelo Especial, The Prisoner Wine Company, Kim Crawford, Svedka Vodka and others.

☆ Banks are under severe pressure this week, and it ain't from crypto
▼ + stars: | 2023-03-09 | by ( Bob Pisani | ) www.cnbc.com time to read: +1 min

The short answer seems to be, not much, but banks have a whole other list of problems. Signature Bank , a commercial bank based in New York City with a small exposure to crypto, is down about 15% to a new low this week on its exposure to crypto. Not surprisingly, analysts are trying to parse the distinctions between Silvergate, a bank that was a major player in the crypto space, and other banks who merely had some interest in crypto. On that kind of pressure, major regional banks like PNC, MTB, Zions Bancorp and Comerica are at or near 52-week lows this week. Regional banks this week MTB - 8% Regions Financial - 8% KeyCorp - 6% Fifth Third - 7%

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