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☆ Graham Holdings CEO: Berkshire's focus on strong cash balance was fascinating
▼ + stars: | 2024-05-04 | 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 EmailGraham Holdings CEO: Berkshire's focus on strong cash balance was fascinatingBerkshire Hathaway Chairman and CEO Warren Buffett presides over the 2024 Berkshire Hathaway annual meeting. Graham Holdings president and CEO Tim O'Shaughnessy joins CNBC's Michael Santoli and Becky Quick to discuss the Warren Buffett's meeting takeaways, and how to apply it to Graham Holdings' business.

Persons: Berkshire Hathaway, Warren Buffett, Tim O'Shaughnessy, CNBC's Michael Santoli, Becky Quick, Warren Organizations: Graham Holdings, Berkshire, Berkshire Hathaway

(This is CNBC Pro's live coverage of Tuesday's analyst calls and Wall Street chatter. An online car seller and a crypto trading platform were in focus on Tuesday's analyst chatter. Carvana shares are up more than 47% this year, soaring after the company topped fourth-quarter profit estimates. Until ETP flows taper and/or reverse, we suspect the stock's current momentum may persist," analyst Patrick O'Shaughnessy wrote. COIN YTD mountain COIN year to date Coinbase shares received a boost from the ETF excitement, rising more than 40% year to date, as bitcoin climbs to record highs .

Persons: Coinbase, Raymond James ., Jason Bazinet, Bazinet, — Pia Singh, Jefferies, Carvana, John Colantuoni, Carvana hasn't, Raymond James, Patrick O'Shaughnessy, ETP, O'Shaughnessy, — Fred Imbert Organizations: CNBC, underperform, Jefferies, Citi, New York Times, Citi Research, Bazinet , New York Times Locations: Bazinet ,, underperform, Monday's

☆ Wall Street cheers Coinbase after its first quarterly profit in 2 years, but skepticism lingers
▼ + stars: | 2024-02-16 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +8 min

Wall Street is celebrating Coinbase after the crypto exchange operator posted its first quarterly profit in two years. Late Thursday, Coinbase posted earnings of $1.04 per share on $954 million of revenue for the fourth quarter. "Happy days are here again" for Coinbase, as Raymond James put it, but it's not clear for how long. "That said, we maintain our U/P rating given crypto market unpredictability, lack of revenue diversification, valuation, and continued legal overhang." JPMorgan, neutral, PT $95 "Management calls spot bitcoin ETFs [a] net positive but, we're still unconvinced," said JPMorgan's Kenneth Worthington.

Persons: Coinbase, haven't, bitcoin, Raymond James, Goldman Sachs, Goldman, Will Nance, revs, Jason Kupferberg, Benjamin Budish, EBITDA, underperform, Patrick O'Shaughnessy, we're, Kenneth Worthington, Keefe, KBW's Kyle Voigt, Oppenheimer, Owen Lau, Devin Ryan, Needham, John Todaro, Canaccord, Joseph Vafi, Michael Bloom Organizations: LSEG, U.S . Securities, Exchange Commission, " Bank of America, Bank of America, Barclays, JPMorgan, Management, SEC, Coinbase's, BTC Locations: U.S, Coinbase, Needham

☆ Remembering Sally Ride: 40th anniversary of her historic spaceflight
▼ + stars: | 2023-06-18 | by ( Jackie Wattles | ) edition.cnn.com time to read: +9 min

CNN —It has been 40 years since Sally Ride became the first woman from the United States to travel into outer space. She was not open about her personal life, according to former NASA astronaut Steve Hawley, who was married to Ride from 1982 to 1987. However, the educational company she cofounded, Sally Ride Science, revealed more of her personal life in her 2012 obituary, recognizing her longtime partner, Tam O’Shaughnessy, after Ride died of pancreatic cancer. NASASherr’s book “Sally Ride: America’s First Woman in Space” was first published in 2014. A trailblazer’s legacyRide’s ambition and love of knowledge extended far beyond her role as an astronaut, Sherr noted.

Persons: Sally Ride, Steve Hawley, Sally, Tam O’Shaughnessy, Ride, NASA hasn’t, General, Christina Koch, Victor Glover, Artemis, NASA's, Lynn Sherr, “, Sherr, ” Sherr, Dale Moore, ”, Billie Jean King, Martin Luther King Jr, ’, King Charles III, Prince of Wales, ‘, Valentina Tereshkova, Svetlana Savitskaya, Ride’s, Lyndon B, Johnson, Gloria Steinem, Richard Drew, Tam O'Shaughnessy, Barack Obama, Kevin Dietsch, O’Shaughnessy, Charles Tasnadi, Eileen Collins, NASA’s Koch, Jessica Meir, —, Rob Navias Organizations: CNN, NASA, Sally Ride, NASA’s, Space Center, CAPCOM, Johnson Space Center, ABC News, Ride, Edwards Air Force Base, Stanford University, Stanford Daily, Soviet Union, Girls Club of America, Magazine, White, UPI, Sally Ride Science, University of California, UC San Diego, Poets, State Department, United Nations Locations: United States, Houston, California, Soviet, New York, Washington ,, San Diego, Columbia

☆ Wall Street is split on where Coinbase shares go next as the company's legal fight with the SEC begins
▼ + stars: | 2023-06-07 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +8 min

Analysts are split on how Coinbase shares perform from here as the company enters a battle with the Securities and Exchange Commission. Others see this development as a major threat to Coinbase's business, going beyond near-term financial implications. Additionally, with the complaint coming a day after the SEC sued Binance , Coinbase is likely to see new trading volumes near term, she added. "The SEC lawsuit highlights that Coinbase simultaneously operates as a broker-dealer, an exchange, and a clearing agency/custodian," he added. "We also want to underscore that the COIN business model is doing well right now," he added.

Persons: it's, Coinbase's, cryptocurrencies, Cathie Wood, Raymond James, Patrick O'Shaughnessy, SVB MoffettNathanson, Lisa Ellis, Ellis, Binance, Coinbase, Gary Gensler, Canaccord, Raymond James –, Jefferies, Trevor Williams, SEC …, Devin Ryan, Joseph Vafi, Jason Kupferberg, Michael Bloom Organizations: Securities and Exchange, SEC, CNBC, Securities, Coinbase, Bank of America Locations: U.S

Raymond James thinks Charles Schwab 's core business remains healthy despite concerns about the volatility in the banking system. Schwab's "core franchise [is] still healthy," the analyst wrote in a Monday note to clients. "Importantly, concerns about the stability of the banking system have not impaired Schwab's ability to attract new accounts and assets. In fact, net new accounts grew at a 4.3% annualized pace in 1Q23 while core net new assets grew at a 7.5% pace." To be sure, he noted that elevated cash sorting "is a stark reminder of the interest rate risk inherent within Schwab's business model."

☆ Lawsuits over Stability AI's Stable Diffusion could threaten the future of AI-generated art
▼ + stars: | 2023-01-25 | by ( Asia Martin | ) www.businessinsider.com time to read: +7 min

Stability AI, the startup that makes the popular AI art tool Stable Diffusion, faces two lawsuits. The company's most well-known product is the controversial Stable Diffusion (also known as DreamStudio to users). Enter text into a search bar, and Stable Diffusion will, for a lack of a better word, draw an image to match, right on the spot. What's old is new againStability Diffusion released Stability AI in August, a time when the generative-AI market was starting to heat up. Mostaque's tweet added that Stability AI would offer "opt outs" and use alternate datasets and models with content licensed under the more-permissive creative-commons copyright process.

☆ Even Barry Sternlicht is getting hammered by rising rates. A recent deal his $6 billion firm backed out of shows how.
▼ + stars: | 2022-10-26 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +7 min

The scuttled deal shows how rising rates have hit Starwood CEO Barry Sternlicht's bottom line. It has canceled its plans to purchase the Stamford, Connecticut, mortgage originator Luxury Mortgage Corp., according to a person with direct knowledge of the deal. The situation with Luxury Mortgage, however, shows how rising rates have also affected Starwood's bottom line. A budding partnership was upended by rising ratesIn recent years, Starwood has become one of Luxury Mortgage's biggest customers. Luxury Mortgage's business has also been strained in recent months.

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