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Saudi Arabia began hosting the men’s tour’s Next Gen ATP Finals for top 21-and-under players in Jedda last year in a deal that runs through 2027. And the WTA has been in talks to place its season-ending WTA Finals in Saudi Arabia. If so, we would endorse engagement there.”Another Hall of Fame player, Billie Jean King, has said she supports the idea of trying to encourage change by heading to Saudi Arabia now. “I’m a huge believer in engagement," King, a founder of the WTA and an equal rights champion, said last year. In recent years, Saudi Arabia has enacted wide-ranging social reforms, including granting women the right to drive and largely dismantling male guardianship laws that had allowed husbands and male relatives to control many aspects of women’s lives.

Persons: of Famers Chris Evert, Martina Navratilova, Rafael Nadal, ”, Evert, Navratilova, Billie Jean King, Prince Mohammed bin Salman, Jamal Khashoggi, Coco Gauff, John Pye, ___ Organizations: of Famers, WTA, The Washington, Saudi Tennis Federation, Rafael Nadal Academy, Fame, Washington Post, Authorities, ” Locations: Saudi Arabia, The, Saudi, East, Jedda, ” U.S, Melbourne, Australia

☆ Higher valuation leaves 'less margin of error' for this streaming stock, Loop Capital says
▼ + stars: | 2023-09-07 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

A higher valuation has raised the stakes for Roku and pushed Loop Capital to the sidelines. Analyst Alan Gould downgraded the streaming stock to hold from buy while keeping his price target at $85. Ultimately, he said the stock is trading at a valuation that leaves less of a cushion. Roku shares slipped 1.5% before the bell Thursday after climbing almost 3% in Wednesday's session. ROKU YTD mountain Roku shares this year — CNBC's Michael Bloom contributed to this report

Persons: Alan Gould, Gould, Roku, Dan Jedda, CNBC's Michael Bloom Locations: Wednesday's

NEW YORK (AP) — The women’s tennis tour will hold the WTA Finals in Cancun, Mexico, from Oct. 29 to Nov. 5, finally finding a site for the season-ending event that has shifted cities repeatedly. The tour has a one-year agreement with Cancun, the WTA announced Thursday, hours before the U.S. Open women's semifinals were scheduled to be played in New York. A year ago, the choice to host WTA Finals in Fort Worth, Texas, also was not announced until September. Political Cartoons View All 1148 ImagesAt the time, top-ranked Iga Swiatek complained that the location and the timing — play wrapped up in Fort Worth one day before the start of the Billie Jean King Cup in Glasgow, Scotland — was a mistake. “The WTA weighed a number of competitive bids through a thorough process, in close consultation with the WTA Players’ Council,” the tour said Thursday in its announcement about Cancun.

Persons: Billie Jean King, Iga Swiatek, Scotland —, ”, Fort Worth, Peng Shuai Organizations: WTA, U.S, ATP, International Tennis Federation —, Billie Jean King Cup, WTA Players ’, “ Locations: Cancun , Mexico, Cancun, New York, Saudi Arabia, Jedda, Seville, Spain, Fort Worth , Texas, Fort Worth, Glasgow, Scotland, Shenzhen, China, Guadalajara, Mexico, Fort

☆ Here are Thursday's biggest analyst calls: Nvidia, Meta, Apple, Netflix, Roku, McDonald's, Micron & more
▼ + stars: | 2023-09-07 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are Thursday's biggest calls on Wall Street: Barclays initiates Jabil and Flex as overweight Barclays initiated several technology manufacturers Thursday and said it sees margin expansion. Morgan Stanley reiterates Apple as overweight Morgan Stanley said it's standing by its overweight rating on the stock heading into Apple's iPhone event next week. Barclays initiates LPL Financial as overweight Barclays said the financial services company is a "solid organic grower at reasonable valuation." Barclays downgrades Seagate to equal weight from overweight Barclays downgraded Seagate mainly on valuation. Morgan Stanley reiterates Meta as overweight Morgan Stanley said it's staying bullish on shares of Meta.

Persons: Wells, Goldman Sachs, Morgan Stanley, McDonald's, Apple, it's, Jefferies, Canaccord, Johnson, Bernstein, Tesla, underperform Bernstein, Raymond James, Dell, Dan Jedda, Stifel, Riley downgrades Crocs, Riley, Truist, Raymond James downgrades Dave, Buster's, Guggenheim, Meta Organizations: Street, Barclays, JBL, EV, HSBC, Citi, Micron Citi, Micron, Oracle, Johnson, JPMorgan, Netflix, Tesla, DELL, Bank of America, Cloud Computing, LPL, Vail Resorts, Seagate, CyberArk Software Ltd, Meta, Nvidia Locations: 3Q23, Vail

☆ Roku hires Stitch Fix's Dan Jedda as finance chief
▼ + stars: | 2023-03-08 | by ( ) www.reuters.com time to read: +1 min

March 8 (Reuters) - Streaming service Roku Inc (ROKU.O) said on Wednesday it has hired former finance chief of personalized styling service company Stitch Fix Inc (SFIX.O) Dan Jedda as its chief financial officer. Roku had in its latest earnings report said it will cut costs while forecasting better-than-expected quarterly revenue on higher ad spends on the platform. Jedda's departure from Stitch Fix, which was announced by the company on Tuesday, comes months after the exit of its chief executive amid workforce cuts. Stitch Fix also missed estimates for its second-quarter results and lowered its full-year revenue forecast, signaling waning interest for its curated apparel boxes. Reporting by Yuvraj Malik in Bengaluru; Editing by Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.

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