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Analyst Laura Champine also lowered her price target to $80 from $85, implying a 6% increase for the stock. "New York City office is one of the few REIT subsectors seeing improved demand," the analyst wrote. The bank double-upgraded the e-commerce platform to overweight from underweight and hiked its price target to $62 from $35. Feather added that eBay stock is currently trading at a discount versus peers, with Etsy trading around 35% higher. "JetBlue's DNA aligns with our broader preference for loyalty, premium, and international exposure ... albeit with less vigor than the Big 3," the analyst wrote.

Persons: TD Cowen, Morgan Stanley, Needham, Laura Martin, Andy, Martin, — Jesse Pound, Laura Champine, Champine, — Lisa Kailai Han, Tesla, Emmanuel Rosner, Elon Musk, Rosner, Fred Imbert, John Kim, Kim, SLG, KeyBanc, Eric Heath, Heath, Nathan Feather, Feather, James West's, West, Jamie Baker, Baker, Lisa Kailai Han, Matthew Ramsay, Ramsay Organizations: CNBC, Nvidia, Amazon, Wholesale, BJ's Wholesale, Deutsche Bank, Tesla, Reuters, BMO Capital Markets, Green Realty, New York City, SL Green Realty, SL Green, SL, KeyBanc, eBay, EBAY, GE, ISI, GE Vernova, General Electric, JPMorgan, JetBlue JPMorgan, JetBlue, Jetblue, Technology, NVIDIA, Match Group Locations: China, Manhattan, York City, Wednesday's, York

☆ 4 party entrepreneurs bought 'Beer Can Island' in Florida's Tampa Bay for $63,000. They're now selling it for $14 million.
▼ + stars: | 2024-03-23 | by ( Cameron Manley | ) www.businessinsider.com time to read: +5 min

'Beer Can Island' in Florida's Tampa Bay has been listed for sale at $14.2 million. AdvertisementA party venue with a difference in Florida's Tampa Bay is up for sale for $14.2 million. Pine Key is an island in the middle of Tampa Bay, created by a state dredging project. Others weren't so keen on the friends' business planWhile many enjoyed the friends' decision to pimp out the island, some were less sure. Last year, it was submerged under five feet of water during Hurricane Idalia, the Tampa Bay Times reported.

Persons: —, Russell Loomis, We've, we're, Loomis, It's, Cole Weaver, James Wester, John Gadd, They've, Weaver, Hurricane Idalia Organizations: Service, The Times, Times, Fox, Tampa Bay Times Locations: Florida's Tampa, London, Tampa Bay, Weaver, Hurricane

Berenberg increased its price target on Eli Lilly on the back of expected strong sales of its weight loss drug, Zepbound. The firm kept its $21 price target, saying shares are "ready to inflect" with hardware cost deflation and investment tax credit boosting growth. Danely's $820 price target on the buy-rated blockbuster chipmaker suggests 3.6% potential upside for shares since Monday's close. — Pia Singh 5:38 a.m.: Berenberg hikes Eli Lilly price target Eli Lilly has been on a tear this year, and Berenberg expects even more gains from here. Analyst Kerry Holford reiterated his buy rating on the stock and raised his price target to $850 from $680.

Persons: Berenberg, Eli Lilly, John Hodulik, Hodulik, — Pia Singh, Wells, Steven Cahall, Cahall, ROKU, Fred Imbert, BofA Evercore, James West, Christopher Danely, Danely, Goldman Sachs, Edward Jones, James Shanahan, Goldman, Marcus, Apiro Dounls, Sunoco, Kerry Holford, Holford, Zepbound Organizations: CNBC, pharma, Nvidia, Citi, Sunoco, NuStar Energy, Netflix, UBS, Vizio, CTV, ISI, BofA, BofA Evercore ISI, Bank of America, Micron Technology, NuStar, SUN Locations: Wells, Sunrun, Monday's

☆ Solar stocks could rebound in 2024 after a brutal year but interest rates will make or break the recovery
▼ + stars: | 2023-11-15 | by ( Spencer Kimball | ) www.cnbc.com time to read: +6 min

Solar stocks could rebound in the second half of 2024 after taking a beating this year, though the industry's recovery depends largely on whether the Federal Reserve raises interest rates again. The rally comes as the residential solar industry looks toward the end of a rough year, with demand softening significantly as repeated rate hikes made installations unattractive for consumers. "The big headwind is interest rates," said Julien Dumoulin-Smith, a stock analyst who covers clean energy for Bank of America. Inventory problem The residential solar companies misread the market this year after a record 2022. The residential solar stocks will probably be broadly revisited on the buyside sometime around the spring of 2024, Blanchard said, though this also depends on what the Federal Reserve does with interest rates.

Persons: SolarEdge, Julien Dumoulin, Smith, we're, Corinne Blanchard, Blanchard, Wood Mackenzie, Jerome Powell, Goldman Sachs, James West, orderbook, West Organizations: Federal Reserve, Treasury, Bank of America, Deutsche Bank, Federal, Golden State, Utilities, Evercore ISI Locations: Dumoulin, California, Golden

Americans are heading into the Fourth of July holiday with an economy that has been nothing short of resilient. Given this backdrop, CNBC Pro set out to find the stocks that can capitalize the most from a strong U.S. economy. Solar energy stock Sunrun also made the list. "The company is experiencing strong momentum across all its sales channels," he said in a note last month. Other stocks that made the cut include Frontier Communications , Marriott Vacations , Marathon Oil , Scotts Miracle-Gro and energy company PPL .

Persons: James West Organizations: Commerce Department, Delta Air Lines, AAA, Federal Reserve, Wall Street, CNBC Pro, U.S, Caesars Entertainment, Analysts, Financial, Frontier Communications, Marriott, Oil, Miracle, Gro, PPL Locations: U.S, Puerto Rico

☆ Crypto founders are running out of bank options after the collapses of SVB and Signature. Here's where they're scrambling to move their money.
▼ + stars: | 2023-03-15 | by ( April Joyner | Morgan Chittum | ) www.businessinsider.com time to read: +5 min

Crypto founders face dwindling banking options after the collapses of Silvergate and Signature Bank. After back-to-back collapses of several crypto- and startup-friendly banks — Silvergate, Signature, and Silicon Valley Bank — crypto founders face a huge void. Silvergate and Signature, in particular, filled a vital role in the financial system for crypto startups, several founders told Insider. Well before the collapse of SVB and downfall of Signature, crypto founders had found banking havens outside the US in locales such as Dubai and Singapore. "It's a recurring conversation that crypto companies have that are based out of the states," she said.

☆ Marian Croak, who has 200 patents to her name including the technology behind Zoom, became one of the first Black women to be inducted into the Inventors Hall of Fame
▼ + stars: | 2023-03-13 | by ( Yoonji Han | ) www.businessinsider.com time to read: +4 min

Marian Croak became one of the first two Black women to be inducted into the Inventors Hall of Fame. Her innovations in internet technology have enabled remote work, text donations, and voting for American Idol. Last year, she was inducted into the National Inventors Hall of Fame — among the highest honors for inventors, including Thomas Edison, Alexander Graham Bell, and the Wright brothers. Croak became one of first two Black women to receive that honor, alongside the late Patricia Bath, an ophthalmologist who created a device used during surgery to easily remove cataracts. As one of the first-ever Black women to be inducted into the National Inventors Hall of Fame, Croak recognizes the importance of diversity in a historically homogenous industry.

That outage dropped the United States behind top exporter Australia as global demand for the fuel boomed. In 2022, U.S. exports of natural gas as LNG rose 8% to 10.6 bcfd, just shy of Australia's 10.7 bcfd. The United States remained ahead of Qatar, which in third place shipped 10.5 bcfd, according to data provider Refinitiv. CROWN WITHIN SIGHTHowever, the loss of Freeport LNG's supply at mid-year took away the U.S. chance to take the crown as top exporter in 2022. In 2021, when prices in Asia were higher, just 35%, or about 3.3 bcfd, of U.S. LNG exports went to Europe.

☆ Baker Hughes Recruits New CFO as It Seeks Cost Savings
▼ + stars: | 2022-10-19 | by ( Mark Maurer | ) www.wsj.com time to read: +3 min

Baker Hughes Co. hired a gold-production executive to be its next finance chief as the oilfield-services company seeks to reduce costs and boost profit through a reorganization into two business units. Ms. Buese is set to succeed Brian Worrell, who was Baker Hughes’s CFO since 2017. Baker Hughes in recent months has faced high supply-chain costs and volatility in global currencies. Baker Hughes named Nancy Buese as chief financial officer, effective Nov. 2. Photo: Baker Hughes Co.

☆ U.S. oil service firms' results to show impact of demand, inflation
▼ + stars: | 2022-10-18 | by ( Liz Hampton | ) www.reuters.com time to read: +3 min

Oct 18 (Reuters) - Oilfield service firms are poised to deliver the strongest third quarter results in years as demand for equipment and services has risen despite supply chain snags and higher costs from inflation, according to analyst forecasts. Oil prices remain near their highest levels in about eight years, spurring more producer demand for services. The international rig count rose to 879 last month, up from 787 a year ago, according to Baker Hughes. The Philadelphia Oil Service Index (.OSX) this summer hit its highest level since March 2020, trading around $90, but has dropped to about $68.50 on fears of a recession. The oilfield sector has faced capital constraints, "supply chain issues, workforce shortages and inflation impacts," said Leslie Beyer, CEO of the Energy Workforce & Technology Council, which represents oilfield service companies.

☆ In Wyoming, Trump supporters echo his disdain for Liz Cheney as she faces a tough primary: 'Go get a job flipping burgers somewhere'
▼ + stars: | 2022-05-29 | by ( Oma Seddiq | ) www.businessinsider.com time to read: +6 min

Trump has endorsed Harriet Hageman, a primary challenger of Cheney. Trump went to rally on Saturday for Hageman in Casper, Wyoming where his supporters derided Cheney. His Saturday appearance in Wyoming served to implore voters to choose Hageman over Cheney in the upcoming Republican primary on August 16. At the rally, Trump's supporters, some of whom have previously voted for Cheney, poured scorn on her and echoed his disdain for the incumbent member of Congress. 'She's changed'Voters at Wyoming rally.

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