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☆ Meta's earnings report comes as 'Magnificent Seven' stock looks to return to all-time high
▼ + stars: | 2024-04-24 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Meta Platforms is set to report first-quarter earnings after Wednesday's closing bell, the latest in a salvo of releases from technology names. The "Magnificent Seven" stock is currently trading about 6% below an all-time high it hit earlier in April as traders get ready for the latest news. Here's what investors should know ahead of the release: How the stock moved last time Meta's fourth-quarter earnings, released in early February, prompted a major rally. As a social media platform operator, they'll look at the total number of active users on a daily basis and minutes per active user. Average revenue per user is another important metric, as it can show how much each active user contributes in terms of profit.

Persons: Meta, LSEG, Rohit Kulkarni, Roth, Mark Zuckerberg, Kulkarni Organizations: Nasdaq, Meta, Investment, LSEG

☆ Meta Platforms gets billions from China without headaches many U.S. companies face there
▼ + stars: | 2024-04-22 | by ( Paulina Likos | ) www.cnbc.com time to read: +9 min

As many American companies struggle to navigate the world's second-largest economy, Meta Platforms has found itself raking in billions of dollars from China without the direct challenges of doing business there. The influx in spending from Chinese ecommerce advertisers has been a "significant positive" for Meta, said Rohit Kulkarni, analyst at Roth MKM covering internet companies. Many American companies doing business in China have battled similar challenges as the post-Covid recovery there has progressed slower than expected. Meta has said it has a "diverse advertiser base" of Chinese companies. The concern is that as more Chinese advertisers target American consumers through Meta's platforms, that could drive up the price of ads for everyone.

Persons: Temu, Rohit Kulkarni, Roth, Meta's, Piper Sandler, Tom Champion, Estee Lauder, Meta, Susan Li, Shein, Kate Scott, Dawkins, —, Roth's Kulkarni, Piper Sandler's, they're, Josh Silverman, we're, Piper, doesn't, Jim Cramer's, Jim Cramer, Jim, Facebook Mark Zuckerberg, Kenzo Tribouillard Organizations: Club, Super, U.S, Meta, Apple, Facebook, Tencent, Holdings, Nasdaq, CNBC, Wall Street, Google, European Commission, AFP, Getty Locations: China, Ireland, Shanghai, Singapore, U.S, Meta, Brussels

☆ Snap's move on TikTok news is 'a bit premature', says Roth MKM's Rohit Kulkarni
▼ + stars: | 2024-04-17 | 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 EmailSnap's move on TikTok news is 'a bit premature', says Roth MKM's Rohit KulkarniRohit Kulkarni, Roth MKM senior research analyst, and Paul Gallant, TD Cowen TMT policy analyst, join 'Closing Bell Overtime' to talk the TikTok bill in congress and its impact on other social media companies.

Persons: Roth, Rohit Kulkarni Rohit Kulkarni, Paul Gallant, TD Cowen

☆ Telcos are barely done rolling out 5G networks — and they're already talking about '5.5G'
▼ + stars: | 2024-03-04 | by ( Ryan Browne | ) www.cnbc.com time to read: +10 min

And yet bosses of major carriers are already talking about building something called "5.5G," or "5G Advanced." Carriers in China, South Korea, the United States, and Europe, properly got underway with launches of 5G networks in 2019. 5G Advanced, or the name for the next stage of 5G, is the next evolution of mobile networks. 5G advanced — 5G standalone, that's absolutely fine. Telcos haven't yet revealed how much more a 5G Advanced data plan will cost compared with 5G.

Persons: Angel Garcia, it's, GSMAi, Milind Kulkarni, Howard Watson, 5.5G, Watson, execs, Mats Granryd, Granryd, Karen Tso, Telcos, Philip Song Organizations: Bloomberg, Getty, Spain — Telecom, Mobile, Congress, MWC, Deutsche Telekom, Telefonica, BT, Vodafone, Facebook, YouTube, Netflix, Apple, Apple Vision, Meta Quest, Telecommunications, 3GPP, CNBC, telco, Huawei, 5G, 5.5G Locations: BARCELONA, Spain, Barcelona, Orange, China, South Korea, United States, Europe, East, Asia Pacific, America

☆ British telco giant BT expects to launch 5G standalone — or 'true' 5G — later this year
▼ + stars: | 2024-03-01 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

Jason Alden | Bloomberg | Getty ImagesBARCELONA — British telecommunications giant BT says it expects to launch its first so-called "standalone 5G" network in 2024. Howard Watson, BT's chief technology officer, told CNBC that the telco group plans to switch on its standalone 5G network, which is often referred to in the industry as "true" 5G, later this year. "We've already been ensuring that the SIM cards that our customers have in their current 5G devices can do 5G standalone," Watson added. 5G standalone is different from 5G Advanced, though. 5G standalone refers to the development of a 5G network that isn't being built on top of 4G cores.

Persons: Jason Alden, Howard Watson, Watson, Milind Kulkarni, Kulkarni Organizations: BT Group, Bloomberg, Getty, BT, CNBC, Mobile, Congress, Swedish, Ericsson, Qualcomm, Apple, Samsung Locations: Reading, BARCELONA, British, Barcelona, Europe

☆ Crispr Therapeutics CEO: Science in gene editing is moving at breakneck speed
▼ + stars: | 2024-02-29 | 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 EmailCrispr Therapeutics CEO: Science in gene editing is moving at breakneck speedSamarth Kulkarni, Crispr Therapeutics CEO, joins 'Power Lunch' to discuss the hurdles to getting rare disease drugs through regulation, what consumers can look forward to in gene editing, and much more.

Persons: Samarth Kulkarni Organizations: Crispr, Crispr Therapeutics

☆ Pigeon suspected of spying for China released in India after PETA intervention, group says
▼ + stars: | 2024-02-03 | by ( Heather Chen | Sania Farooqui | ) edition.cnn.com time to read: +2 min

CNN —A pigeon suspected of spying for China and held for eight months was released by Indian officials this week after intervention from animal rights organization PETA, the group said in a statement. “After learning that a pigeon was held at the Bai Sakarbai Dinshaw Petit Hospital for Animals (BSDPHA) in Parel as case property for an astonishing eight months, PETA India sprang into action to secure the bird’s freedom from captivity,” PETA said. The animal’s ordeal began in May last year, when it was captured near a port in Mumbai. There was a message written on the pigeon’s wings in words that appeared to be Chinese, PETA added. B. Kulkarni, Chief Medical Superintendent of the BSDPHA,” PETA said.

Persons: Dinshaw, ”, Mumbai’s, Narendra Modi, B, Kulkarni, Bombay SPCA, Hvaldimir Organizations: CNN, Indian, PETA, Hospital for Animals, ” PETA, ” CNN, Bombay Society for Locations: China, Parel, PETA India, Mumbai, Bombay, Russian

☆ 'It's hard to find any yellow flags' in Meta's earnings release, says Roth MKM's Rohit Kulkarni
▼ + stars: | 2024-02-01 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'It's hard to find any yellow flags' in Meta's earnings release, says Roth MKM's Rohit KulkarniScott Kessler, Third Bridge Technology, and Rohit Kulkarni, Roth MKM senior research analyst, join 'Closing Bell Overtime' to talk Meta and Amazon earnings.

Persons: Roth, Rohit Kulkarni Scott Kessler, Rohit Kulkarni Organizations: Bridge Technology, Meta

☆ Elastic CEO on cloud demand, cybersecurity trends, and artificial intelligence
▼ + stars: | 2024-01-19 | 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 EmailElastic CEO on cloud demand, cybersecurity trends, and artificial intelligenceElastic CEO Ashutosh Kulkarni discusses how his company is using AI for the cloud and cybersecurity markets.

Persons: Ashutosh Kulkarni

☆ India set to miss divestment targets by more than half this year - sources
▼ + stars: | 2023-11-24 | by ( Nikunj Ohri | ) www.reuters.com time to read: +3 min

The government may fall short of its divestment goal by 300 billion rupees ($3.60 billion) in 2023/24, two government sources told Reuters. New Delhi had targeted 510 billion rupees from divestment proceeds for the current fiscal year that ends March, 2024. So far this year, the government has received 80 billion rupees through stake sales, according to government data. The government expects to surpass its 430 billion rupees dividend target and has so far received 203 billion rupees from state-run firms. "As long as the government is meeting its fiscal targets and there isn't a shortfall, missing divestment targets is fine," said Rahul Bajoria, an economist at Barclays Investment Bank.

Persons: Niharika Kulkarni, Narendra Modi's, Subhash Chandra Garg, Rahul Bajoria, Nikunj Ohri, Sam Holmes Organizations: IDBI, REUTERS, Reuters, IDBI Bank, NMDC Steel, Reserve Bank of India, NMDC, Barclays Investment Bank, Thomson Locations: Mumbai, India, DELHI, New Delhi, Chhattisgarh

☆ India cancels bid process to hire valuer for IDBI Bank sale
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +1 min

The logo of IDBI Bank is seen on the facade of its headquarters in Mumbai, India, April 18, 2023. REUTERS/Niharika Kulkarni/File Photo Acquire Licensing RightsNov 21 (Reuters) - The Indian government has cancelled the bidding process to hire an asset valuer for its planned IDBI Bank (IDBI.NS) share sale, according to a statement. The government will invite fresh bids to select a valuer for its stake in the lender, said a statement from the Department of Investment and Public Asset Management on Tuesday. India is looking to offload its 30.48% stake in IDBI Bank, while Life Insurance Corp (LIC) (LIFI.NS) of India will sell a 30.24% shareholding. Presently, the Indian government and LIC collectively own about 95% of IDBI Bank.

Persons: Niharika Kulkarni, LIC, Tuhin Kanta Pandey, Nikunj Ohri, Matthew Lewis Organizations: IDBI, REUTERS, Bank, Department of Investment, Public Asset Management, Life Insurance, IDBI Bank, Thomson Locations: Mumbai, India, IDBI Bank, New Delhi, Bengaluru

People walk past the headquarters of the Chinese ride-hailing service Didi in Beijing, China, December 3, 2021. REUTERS/Thomas Peter/File Photo Acquire Licensing RightsNov 13 (Reuters) - Didi Global, China's largest ride-hailing company, on Monday reported its first quarterly profit since 2021, adding to signs of its comeback from regulatory challenges as domestic demand for mobility services continues to recover. Didi in 2021 came into the crosshairs of China's cyberspace regulator for pursuing a U.S. stock listing without an approval. Didi was fined $1.2 billion in July 2022 over data-security breaches, but began to emerge from these regulatory troubles in January after it was allowed to restore its apps. The company has also taken steps to streamline its business operations and focus on its core ride-hailing services.

Persons: Didi, Thomas Peter, Alibaba, Wei Cheng, Yelin, Sameer Manekar, Kim Coghill, Sherry Jacob, Phillips Organizations: REUTERS, Didi Global, HK, SoftBank, Monday, New York Stock Exchange, Thomson Locations: Beijing, China, U.S, Yelin Mo, Bengaluru

☆ IT, financials lead slide in Indian shares; inflation data eyed
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: 1 min

A bird flies past a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai, February 1, 2023. REUTERS/Niharika Kulkarni/File Photo Acquire Licensing RightsBENGALURU, Nov 13 (Reuters) - Indian blue chips opened lower on Monday, dragged by information technology (IT) and financial stocks, while investors awaited domestic retail inflation data for October. The NSE Nifty 50 index (.NSEI) was down 0.35% at 19,456.75 as of 9:18 a.m. IST, while the S&P BSE Sensex (.BSESN) fell 0.40% to 64,995.73. The benchmarks Nifty 50 (.NSEI) and Sensex (.BSESN) hit three-week highs in the special one-hour "muhurat" trading session on Sunday, led by gains in energy and information technology stocks. Reporting by Bharath Rajeswaran in Bengaluru; editing by Eileen SorengOur Standards: The Thomson Reuters Trust Principles.

Persons: Niharika Kulkarni, Bharath Rajeswaran, Eileen Soreng Organizations: Bombay Stock Exchange, REUTERS, Rights, NSE, BSE, Thomson Locations: Mumbai, Bengaluru

☆ ‘Meta’s Deception’ About Instagram’s Harmful Qualities Alleged in Massachusetts Suit
▼ + stars: | 2023-11-09 | by ( Georgia Wells | Jeff Horwitz | ) www.wsj.com time to read: 1 min

The filing suggests that many of the executives who publicly dismissed the seriousness of Instagram’s potential harm to young users had long warned about them. Photo: Niharika Kulkarni/Zuma PressMeta Platforms Chief Executive Mark Zuckerberg repeatedly dismissed warnings from senior company officials that its flagship social-media platforms were harming young users, according to unsealed allegations in a lawsuit filed by Massachusetts. According to the suit, as early as 2019, Meta’s head of responsible innovation was telling Zuckerberg that mounting evidence showed the net effect of their platforms on user well-being was negative. Around that time, multiple executives, including Instagram head Adam Mosseri , were pushing for the company to ban filters that mimic plastic surgery due to concerns they were harming the mental health of women and teens.

Persons: Niharika Kulkarni, Mark Zuckerberg, Zuckerberg, Adam Mosseri Locations: Massachusetts

☆ CAS registers Russian appeal against Olympic membership suspension
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +3 min

International Olympic Committee (IOC) President Thomas Bach gestures as he speaks during a news conference, ahead of the 141st IOC Session, in Mumbai, India, October 13, 2023. REUTERS/Niharika Kulkarni/File Photo Acquire Licensing RightsNov 6 (Reuters) - The Court of Arbitration for Sport (CAS) has registered an appeal filed by the Russian Olympic Committee (ROC) against the decision by the International Olympic Committee (IOC) to suspend its membership, the independent judicial body said on Monday. The challenge arose over the IOC's suspension of the ROC following the ROC decision to include as its members some regional sports organisations which are under the authority of the National Olympic Committee (NOC) of Ukraine. "The CAS arbitration proceedings have commenced. The Russian Olympic Committee was banned with immediate effect on Oct. 12 for recognising regional organisations from four territories annexed from Ukraine, the International Olympic Committee said.

Persons: Thomas Bach, Niharika Kulkarni, Vladamir Putin, Putin, Trevor Stynes, Christian Radnedge Organizations: Olympic Committee, 141st IOC, REUTERS, Sport, Russian Olympic Committee, International Olympic Committee, National Olympic Committee, IOC, Olympic, Sports, Russian Olympic, Sporting Power, Swiss, Thomson Locations: Mumbai, India, ROC, Ukraine, Luhansk, Donetsk, Kherson, Zaporizhzhia, Russia, Perm

☆ IOC's ban on Russia cannot be compared with Israel situation
▼ + stars: | 2023-11-03 | by ( Karolos Grohmann | ) www.reuters.com time to read: +3 min

International Olympic Committee (IOC) President Thomas Bach gestures while speaking during the second day of the 141st IOC session in Mumbai, India, October 16, 2023. REUTERS/Niharika Kulkarni/File Photo Acquire Licensing RightsBERLIN, Nov 3 (Reuters) - Russia's attempt to compare the country's Olympic Committee suspension with the situation of Israeli athletes following the start of the conflict between Israel and Hamas was out of place, the International Olympic Committee said on Friday. The IOC did not ban the Russian Olympic Committee (ROC) until last month after it recognised regional organisations from four territories annexed from Ukraine. The IOC said on Oct. 12 the ROC would be banned with immediate effect after it recognised Olympic Councils from the regions of Luhansk, Donetsk, Kherson and Zaporizhzhia. "Once again we see an example of the bias and failure of the International Olympic Committee, which time after time proves its political bias."

Persons: Thomas Bach, Niharika Kulkarni, Sergei Lavrov, Lavrov, Karolos Grohmann, Gabrielle Tetrault, Farber, Ed Osmond Organizations: Olympic Committee, 141st IOC, REUTERS, Rights, International Olympic, Russian, IOC, Olympics, Olympic, Winter Games, Russian Olympic Committee, National Olympic Committee of, International Olympic Committee, Paris Olympics, Thomson Locations: Mumbai, India, Israel, Ukraine, Russian, Luhansk, Donetsk, Kherson, Zaporizhzhia, National Olympic Committee of Ukraine, United States, Paris

☆ The advertising environment is getting tougher to navigate. How these investors are trading it
▼ + stars: | 2023-11-01 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

A strong advertising market may be starting to feel the pressure from geopolitical risks erupting aboard and a higher-for-longer interest rate environment. But comments from some major technology players last week led to increasing questions that some investors have struggled to shake off. META 5D mountain Meta shares in recent trading sessions That concern added to declines in other ad-focused technology names, with Alphabet dropping nearly 10%. Instead, Tengler favors companies such as Amazon and Microsoft , which offer some, but less concentrated, exposure to advertising. Technology investor Paul Meeks is also shying away from the most popular advertising players — and big technology as a whole — until he sees a better setup for interest rates.

Persons: Susan Li, Gene Munster, Laffer, Nancy Tengler, Paul Meeks, Meeks, Roth, Rohit Kulkarni, Kulkarni, Michael Bloom Organizations: Apple, Meta, YouTube, Federal, Investments, Microsoft, Technology Locations: Israel, Munster, Ukraine

☆ Buying on weakness in Google stock is the 'right move for Meta': Roth's Rohit Kulkarni
▼ + stars: | 2023-10-24 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBuying on weakness in Google stock is the 'right move for Meta': Roth's Rohit KulkarniRohit Kulkarni, Roth Capital Partners Managing Director, 'Closing Bell Overtime' to talk Meta earnings on deck, the advertising space, Snap's quarterly results and more.

Persons: Roth's Rohit Kulkarni Rohit Kulkarni Organizations: Meta, Roth Capital Partners

☆ Cricket, flag football, lacrosse, squash, baseball-softball make 2028 Games cut
▼ + stars: | 2023-10-16 | by ( ) www.reuters.com time to read: +2 min

Lacrosse, squash and baseball-softball had also been proposed by LA Games organisers for inclusion and received approval at an IOC meeting in Mumbai. The LA Games proposal is for a six-team Twenty20 cricket tournament for men and women. The tournament is played in the same T20 format that the game will feature in during the LA 2028 games. Flag football is a non-contact format of American football played by teams of five. American football last featured as a demonstration sport in 1932 LA Games.

Persons: Niharika Kulkarni, Sudipto Ganguly, Karolos, Toby Chopra, Peter Rutherford Organizations: International Olympic Committee, 141st IOC, REUTERS, Rights, Los Angeles Games, Lacrosse, LA, IOC, Games, Cricket, Twenty20, Indian Premier League cricket, Olympic, Paris Games, Summer, Thomson Locations: Mumbai, India, Rights MUMBAI, Tokyo, Paris

☆ IOC members call on Bach to stay on past 2025
▼ + stars: | 2023-10-15 | by ( ) www.reuters.com time to read: +3 min

International Olympic Committee (IOC) President Thomas Bach gestures as he speaks during a news conference, ahead of the 141st IOC Session, in Mumbai, India, October 13, 2023. Elected in 2013, Bach is due to step down in 2025 in line with current Olympic Charter rules, following a first eight-year term and a second four-year one. Sunday's open declaration by IOC members followed speculation in recent months that Bach could potentially continue as president of the one of the most powerful bodies in global sports. Several other members also called on Bach to stay on and asked for a Charter change. Being a core author of this Olympic Charter drives me to be more loyal to this Olympic Charter," Bach said.

Persons: Thomas Bach, Niharika Kulkarni, Bach, Sunday's, Juan Antonio Samaranch, Luis Mejia Oviedo, Mark Adams, Adams, Karolos Grohmann, Clarence Fernandez, Hugh Lawson, Christian Organizations: Olympic Committee, 141st IOC, REUTERS, Rights, IOC, Olympic, Olympics Games, Thomson Locations: Mumbai, India, Rights MUMBAI, German, Paris, Sochi, Tokyo, Ukraine

☆ IOC decision on 2036 Olympics host will not come before 2026-IOC
▼ + stars: | 2023-10-15 | by ( ) www.reuters.com time to read: +1 min

[1/2] A man takes selfie with the logo of the 141st IOC Session, in Mumbai, India, October 12, 2023. REUTERS/Niharika Kulkarni/File Photo Acquire Licensing RightsMUMBAI, Oct 15 (Reuters) - The decision on which city will host the 2036 summer Olympics will be taken in three years time at the earliest, the International Olympic Committee said on Sunday. "Any decision will be made by a new IOC leadership and not before 2026 or 2027," said Kolinda Grabar-Kitarovic, who chairs the IOC's future host commission. She did not clarify whether that figure included both summer and winter Games candidacies or just the 2036 summer Olympics. Paris is set to host the 2024 summer Olympics and Los Angeles has been picked for the 2028 Games.

Persons: Niharika Kulkarni, Narendra Modi, Kolinda, Karolos Grohmann, Louise Heavens Organizations: 141st IOC, REUTERS, Rights, International Olympic, IOC, Thomson Locations: Mumbai, India, Rights MUMBAI, Poland, Mexico, Indonesia, Paris, Los Angeles, Brisbane, Australia

☆ Russian Olympic Committee handed immediate ban says IOC
▼ + stars: | 2023-10-12 | by ( Sudipto Ganguly | ) www.reuters.com time to read: +3 min

International Olympic Committee President Thomas Bach speaks during an Executive Board Meeting, ahead of the 141st IOC Session, in Mumbai, India, October 12, 2023. REUTERS/Niharika Kulkarni Acquire Licensing RightsMUMBAI, Oct 12 (Reuters) - The Russian Olympic Committee was banned with immediate effect on Thursday for recognising regional organisations from four territories annexed from Ukraine, the International Olympic Committee said. "... it violates the territorial integrity of the NOC of Ukraine, as recognised by the International Olympic Committee (IOC) in accordance with the Olympic Charter." While Ukraine welcomed the move, the Russian Olympic Committee called it counter-productive. The IOC had not sanctioned the Russian or Belarusian Olympic Committee or Russian IOC members since Moscow's 2022 invasion but did ban athletes from those countries in the first few months after what Moscow calls a 'special military operation'.

Persons: Thomas Bach, Niharika Kulkarni, Thursday's, Mark Adams, Andriy Yermak, Sudipto Ganguly, Karolos, Gabrielle Tetrault, Farber, Yuliia, Karolos Grohmann, Ken Ferris Organizations: Olympic, 141st IOC, REUTERS, Rights, Russian Olympic, International Olympic Committee, IOC, Russian Olympic Committee, National Olympic Committee, Presidential, Belarusian Olympic Committee, Moscow, Thomson Locations: Mumbai, India, Rights MUMBAI, Ukraine, Luhansk, Donetsk, Kherson, Zaporizhzhia, ROC, Gdansk

☆ Meta has Apple to thank for giving its annual VR conference added sizzle this year
▼ + stars: | 2023-09-30 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +7 min

The iPhone maker in June announced its Vision Pro mixed-reality headset at an eyepopping price of $3,499 when it goes on sale next year. "There's curiosity for sure with Apple entering the market," said Tom Symonds, CEO of the UK-based VR firm Immerse. Apple CEO Tim Cook stands next to the new Apple Vision Pro headset. At its high price point, the Vision Pro will likely be more of a product for businesses, Seitz said. Initially, the price is too high and the Vision Pro will require users to wear a battery pack, creating an added nuisance during a workout.

Persons: Andrew Bosworth, Josh Edelson, Mark Zuckerberg, it's, Tom Symonds, Meta, Zuckerberg, Tim Cook, Justin Sullivan, Aneesh Kulkarni, Kulkarni, Josette Seitz, Seitz, Gaspar Ferreiro, Apple, Ferreiro, Jeffrey Morin, Morin, Litesport, " Morin, Apple's Organizations: Facebook, Meta, AFP, Getty, VR, Menlo, Apple, Street, Apple Vision, Baltu Technologies, Car Studios, Vision Locations: Menlo Park , California, Web3, billings

☆ Here are Roth MKM's top buy ideas for the fourth quarter
▼ + stars: | 2023-09-27 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Roth MKM is offering up its top picks for the fourth quarter as the final three-month stretch of 2023 approaches. Quarter to date, the Nasdaq Composite is off by more than 5%, lagging the S & P 500 and the Dow Jones Industrial Average . As 2023 nears an end, here are some of Roth MKM's top picks for the fourth quarter: Shopify is one of the names the investment firm is betting on for the period. Roth MKM is also betting on Uber Technologies in the fourth quarter, which should benefit over time from improving advertising and subscriptions that should improve profitability, according to analyst Rohit Kulkarni. According to the firm, Verano shares look significantly undervalued and should get a lift from easing federal regulations and new U.S. adult-use states.

Persons: Roth, Darren Aftahi, Roth MKM, Rohit Kulkarni, Scott Fortune, Molson Coors, — CNBC's Michael Bloom Organizations: Federal Reserve, Nasdaq, Dow Jones, Amazon Prime, Uber Technologies, Verano Holdings, Coors, Molson Locations: FCF

☆ Indian shares set to open lower with HDFC, Fed decision in focus
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +2 min

India's GIFT Nifty (.GIFc1) on the NSE International Exchange was down about 0.1% at 20,080.5 points, as of 8.20 a.m IST. HDFC Bank (HDBK.NS) on Monday said its gross non-performing assets will likely increase as of July 1, after its merger with HDFC. CPP had increased its investment in Indian markets to about $15 billion, as of the fiscal year ending March. Foreign investors sold 12.37 billion rupees ($148.64 million) worth of shares on a net basis on Monday, while their domestic counterparts bought 5.53 billion rupees worth of equity, according to stock exchange data. ($1 = 83.2230 Indian rupees)Reporting by Archishma Iyer in Bengaluru; Editing by Sonia CheemaOur Standards: The Thomson Reuters Trust Principles.

Persons: Niharika Kulkarni, Archishma Iyer, Sonia Cheema Organizations: Bombay Stock Exchange, REUTERS, HDFC Bank, U.S . Federal, NSE, BSE, HDFC, Investors, Bharat Dynamics, IAF, Thyrocare, Tata Motors, Thomson Locations: Mumbai, India, Canada, Bengaluru

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