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Investors shouldn't be spooked by Affirm 's post-earnings sell-off, according to JPMorgan. Analyst Reginald Smith upgraded the buy-now-pay-later stock to overweight from neutral on Thursday, a day after the stock dropped following its latest earnings report. As Smith put it in the headline of his upgrade to clients, we're "not letting a good sell off go to waste." Affirm reported $576 million in revenue for the fiscal third quarter, topping the consensus forecast of $550 million from analysts polled by FactSet. The company also issued strong current-quarter guidance for revenue and gross merchandise volume, which is the total dollar amount of all transactions made through Affirm.
Persons: Reginald Smith, Smith, that's, Shopify Organizations: JPMorgan, FactSet, Bloomberg
AdvertisementSo, Business Insider asked some style experts — and a finance bro — which brands and styles those on Wall Street should check out for their summer workwear. Men's fashion consultant Reginald Ferguson told BI that he wants his clients to remain "modern, yet classic" in their daily attire. Charles Tyrwhitt; Peter MillarPeter Millar and Charles Tyrwhitt were two brands suggested to BI by an early-career investment banker who asked to remain anonymous to protect his career. It's a "luxury golf brand that was smart to expand its line for its client to wear other garments while not on the course," Ferguson told BI. Kiton, another high-end brand with origins in Italy, is "the grail for the partner of the firm," Ferguson told BI.
Persons: , Goldman Sachs, Mark Zuckerberg, Jeff Bezos —, Lauren Sanchez —, bro, Reginald Ferguson, Peter Millar, Charles Tyrwhitt, Peter Millar Peter Millar, Ferguson, nodded, Nicole Pollard Bayme, Bayme, Billionaire Bill Gates, Larry Ellison, Richard Mille Organizations: Service, bros, JPMorgan, Citigroup, Business, BI, LA, Casio, Getty, Billionaire Locations: Silicon, British, Italy
watch nowThe Bitcoin network on Friday evening completed its fourth "halving," reducing the rewards earned by miners to 3.125 bitcoins from 6.25. After the 2012, 2016 and 2020 halvings, the bitcoin price ran up about 93x, 30x and 8x, respectively, from its halving day price to its cycle top. Hash rates are a measure of the computational power used to process transactions on the bitcoin network. "The market so far has seen bitcoin mining stocks as mere BTC proxies, in absence of bitcoin ETFs," said Bernstein analyst Gautam Chhugani. "[The] Bitcoin halving is already partially priced in by the market and we do not expect prices to increase significantly following the halving event," the firm's Marion Laboure said in a note Thursday, adding that it "has been widely anticipated in advance due to the nature of the Bitcoin algorithm."
Persons: Reginald Smith, Bernstein, Gautam Chhugani, MARA, Nikolaos Panigirtzoglou, Marion Laboure Organizations: Metrics, JPMorgan, BTC, IRIS, Deutsche Bank Locations: Friday's
While most of the public cryptocurrency miners are positioned to survive the supply shock of the bitcoin halving, JPMorgan has named its top picks. "With the bitcoin halving on the horizon, we expect heightened volatility and trading volume in both bitcoin and mining stocks," Reginald Smith, an analyst at JPMorgan, said in a note this week. The bitcoin halving is estimated to take place in the next couple of days , and mining companies are preparing for reduced rewards revenue that will follow the event. Nevertheless, uncertainty ahead of the halving has pressured mining stocks, most of which are down double digits for the year. The halving occurs when incentives for bitcoin miners shrink to 3.125 newly created bitcoins — or about $20,000 at Thursday morning's prices — from 6.25, as mandated by the code of the bitcoin blockchain.
Persons: Reginald Smith, Smith, Iris, Iris Energy, MARA, CleanSpark, — CNBC's Michael Bloom Organizations: JPMorgan, Iris Energy, Iris
At 11:40 p.m. on April 14, an iceberg was spotted 400 nautical miles south of Newfoundland, Canada, but it was too late for the ship to change course. Universal History Archive/Getty ImagesThe two lookouts, Fredrick Fleet and Reginald Lee, failed to spot the iceberg in time. Their binoculars were also locked in a cabinet, which meant the lookouts were tasked with spotting icebergs using their eyes alone. The Titanic attempted to avoid the iceberg, but it failed to turn in time. As the ship scraped the iceberg, it tore a hole in the side of the ship, rupturing at least five of the watertight compartments.
Persons: Reginald Lee, Lee Locations: Newfoundland, Canada
A longtime Democratic stronghold and home to the city of Atlanta, Fulton County will present an uphill challenge for Kramer, a vocal Trump supporter. I’m very passionate about making sure the citizens of Fulton County feel confident in their DA,” he added. He lost the primary to Willis and former District Attorney Paul Howard, whom he later endorsed in a runoff. Asked if he believes that Willis has the support of Fulton County after her testimony, Dickens told CNN: “Yes. In that case, like she’s attempting to do with Trump and his allies, Willis used the racketeering statute as a tool to build a broad conspiracy case.
Persons: Fani Willis, Donald Trump, Christian Wise Smith, Willis, Courtney Kramer, Kramer, Trump, Joe Biden, Nathan Wade, Wise Smith, , , Smith, Paul Howard, Atlanta Mayor Andre Dickens, Dickens, Willis ’, it’s, It’s Donald Trump, ” Dickens, Atlanta Mayor Shirley Franklin, Charlie Bailey, Reginald Jackson, Gerald Griggs, Griggs, “ I’m, ” Willis, Young Thug Organizations: CNN, Fulton, White, Trump, Democratic, DA, Georgia Democrats, Atlanta Mayor, Democrat, City Hall, AME, Georgia NAACP Locations: Fulton County, Georgia, Atlanta, of Atlanta
After living through the Civil Rights movement, he became the first Black man to build a billion-dollar business in the 1980s. Black History Month is also Black Futures Month — and it's a chance to remember him. Make money while you sleepMy father said he wanted to make money while he was sleeping, and he certainly accomplished that through investing. Follow-up is keyThe second thing I want to share that my father taught me was about following up. One day, an employee of his dropped the ball on an initiative, and my dad wanted to use it as an example of what not to do.
Persons: Reginald F, Lewis, it's, , Organizations: Service, Civil Rights, Harvard Law School Locations: Southern
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAffirm is holding up well compared to other fintech lenders, says Reginald SmithReginald Smith, Executive Director of Equity Research at JPMorgan, discusses earnings from Affirm and the overall fintech sector.
Persons: Reginald Smith Reginald Smith Organizations: Equity Research, JPMorgan
Atmospheric rivers are rivers of water vapors low in the Earth's atmosphere. Below, we answer some FAQs about atmospheric rivers. What causes an atmospheric river? Atmospheric rivers and hurricanes have a few things in common, Cordeira said, but "the processes in the atmosphere that give rise to a hurricane are different than the processes that give rise to atmospheric rivers." In 1994, MIT researchers Yong Zhu and Reginald E. Newell published a paper about "atmospheric rivers and bombs."
Persons: Jason Cordeira, Cordeira, El, it's, Carlos Barria, they're, Yong Zhu, Reginald E, Newell, Ralph et al Organizations: Service, Los Angeles Times, Scripps Institution of Oceanography's Center, Western, National Oceanic, Atmospheric Administration, West, Scripps Institution of Oceanography, REUTERS, MIT, University of California Locations: West Coast, Southern California, Mississippi, California, California , Oregon, Washington, Europe, Chile, New Zealand, Australia, West, Bolinas , California, Hawaii, San Diego
Here's a look at the phenomenon:___WHAT IS AN ATMOSPHERIC RIVER? Atmospheric rivers are long and relatively narrow bands of water vapor that form over an ocean and flow through the sky, transporting much of the moisture from the tropics to northern latitudes. While traditional cold winter storms out of the north Pacific build the Sierra snowpack, atmospheric rivers tend to be warm. ___WHERE DID THE TERM ATMOSPHERIC RIVER COME FROM? Atmospheric rivers are often referred to as ARs.
Persons: Yong Zhu, Reginald E, Newell Organizations: National Oceanic, Atmospheric Administration, . Geological Survey, U.S ., Scripps Institution of Oceanography's Center, Western, California -, NOAA, Massachusetts Institute of Technology Locations: California, Hawaii, West Coast, United States, Mississippi, U.S . West Coast, Sierra Nevada, California - Nevada
Investors in bitcoin mining stocks are closely watching the price of the cryptocurrency after the Securities and Exchange Commission's move to allow spot bitcoin ETFs became a sell-the-news event. After the ETFs received regulatory approval last week, the flagship currency briefly touched $49,000. As the week went on, however, bitcoin wiped out its earlier gains and notched a modest weekly loss of 0.01%. "If [the bitcoin price] gets to $45,000 or below only the newest, most efficient miners with the … lowest cost power are going to be able to stay online." "We would view any sell-off [in mining stocks] as a buying opportunity, as the ETF does not directly impact mining economics or change competitive dynamics, and we remain bullish on bitcoin and bitcoin miners in 2024," he wrote.
Persons: bitcoin, Reginald Smith, Chase White, they're, White, Iris Energy, Smith, Iris Organizations: Securities, Exchange, Marathon Digital, JPMorgan, bitcoin's, Compass, Iris, Cipher Mining, Iris Energy
NEW YORK (AP) — Eddie Murphy has fond childhood memories of gathering with his family in Brooklyn and being wrapped in the wonder of the season as they watched classic holiday movies. Now, his Christmas wish is his new film, “Candy Cane Lane,” will create similar memories for others. The film was written by Kelley Younger, whose family grew up on Candy Cane Lane in El Segundo, California — a neighborhood known for competitive holiday decorating. "I love Christmas movies. I love Christmas music.
Persons: — Eddie Murphy, Candy Cane, , ” Murphy, , Chris Carver, Murphy, who’s, Pepper, Jillian Bell, Carver, Tracee Ellis Ross, ” Ross, , Ross, Carol, Chuckling, Thaddeus J, Mixson, Ken Marino, David Alan Grier, Nick Offerman, Robin Thede, Chris Redd, Kelley Younger, Reginald Hudlin, Hudlin, Kid ’, , Halle Berry, Robin Givens, Martin Lawrence, Grier, Axel Foley, we’ve, Gary Gerard Hamilton Organizations: , Party, National, Beverly Hills, Associated Press Locations: Brooklyn, El Segundo , California, Hollywood, @GaryGHamilton
'Mr. Big Stuff' Singer Jean Knight Dies at 80
  + stars: | 2023-11-27 | by ( Associated Press | Nov. | At P.M. | ) www.usnews.com   time to read: +2 min
(AP) — Jean Knight, a New Orleans born soul singer known for her 1971 hit “Mr. Family, friends, fans and veterans of the music world mourned the loss of the Grammy-nominated singer who was considered a musical powerhouse and an integral part of New Orleans' music legacy. Knight died Wednesday of natural causes in Tampa, Florida, where she was residing, said family representative Mona Giamanco. The Stax Museum of American Soul Music said in a news release that Knight was Stax Records' top-selling female artist. Big Stuff” Knight went on to record several more albums — including ones that featured songs “(Don’t Mess With) My Toot Toot” and “Bill" — and former her own label, Comstar.
Persons: — Jean Knight, , Knight, Mona Giamanco, “ Jean Knight's, “ Mr, Bill, , Reginald Toussaint, Allen Toussaint —, Toussaint Organizations: Associated Press, Stax Museum, American, Music, Stax Records, New Orleans Jazz Locations: BATON ROUGE, La, New Orleans, Tampa , Florida, Mardi Gras
The towering hall thundered with the euphoria of a nation where everyone seemed, for the moment, to have left their differences behind. The celebrants spoke Zulu, Sotho, Tswana, Afrikaans and English. They were Black and white, young and old, mining company managers and restaurant waitresses. They waved South African flags. They wore the same green-and-gold attire of their rugby heroes as they gathered at the Oliver Reginald Tambo airport in Johannesburg on Tuesday to welcome the team home from the championship game in France.
Persons: celebrants, Oliver Reginald Tambo Locations: Johannesburg, France, Tambo
She asked me if I had any ideas, and I said sure, I’d like to write an opera about Malcolm X. I made them much more rhythmic, with short sentences so Anthony could set them. I imagined it as being in three acts, and I labeled each act: Hate, Fear, Love. I thought of it as a classic tragedy, where there’s a false unity that’s destroyed and you come back to the real unity, the real salvation that comes from the pilgrimage to Mecca. Betty Shabazz said that we made the Nation of Islam look too good.
Persons: ANTHONY I, Mary MacArthur, Malcolm X, Eric Bogosian, THULANI, Anthony, Malcolm, CHRISTOPHER, Thulani, Reginald, , Betty Shabazz Locations: Malcolm, Mecca
(AP) — After being in office for over a decade, Mississippi state Sen. Dean Kirby got challenged in the Republican primary. More than four-fifths of Mississippi's legislative candidates will have no major-party opposition in the Nov. 7 general election. And more than half of this year's winners will have faced no other Republicans or Democrats in either the primary or the general election. Though Mississippi represents an extreme example, it highlights a national decline in competition for state legislative seats. The DLCC is spending a few thousand dollars this year on several legislative races in the largely uncompetitive Republican-leaning states of Mississippi and Louisiana.
Persons: JACKSON, Sen, Dean Kirby, Kirby, Jackson, , ” Kirby, , Steven Rogers, ” Rogers, Rogers, Joe Biden, Abhi Rahman, ” Rahman, Barbara Blackmon, Ed Blackmon, Bradford Blackmon, Lawrence Blackmon, . Sen, Robert Jackson’s, Reginald Jackson, Andy Berry, Berry, he's, ” Berry, ___ Lieb Organizations: Republican, Democratic, Saint Louis University, The Associated Press, Ballotpedia, State Legislatures, Republicans, Democratic Legislative, , Three Democratic, Senate, Bradford, Mississippi Cattlemen’s Association, Mississippi Beef Council Locations: Miss, Mississippi, Though Mississippi, In Mississippi, State, Louisiana, New Jersey, Virginia, Jackson, Jefferson City , Missouri
But the Bitcoin halving is expected in the spring and it will likely reduce companies' revenue. The Bitcoin halving event is highly anticipated event by crypto investors because it historically has set the stage for new bull runs. It takes place every four years when the reward for mining bitcoin – which makes up a significant portion of mining companies' revenue – is cut in half. Marathon famously has the highest energy costs and lowest margins, while Riot has relatively low power costs but shares are expensive. Lower revenue, higher costs Generally, the mining stocks benefit from bitcoin price increases because those translate into higher mining revenue for the company.
Persons: John Todaro, Reginald Smith, Needham, CleanSpark, There's, Smith, bitcoin, Michael Bloom Organizations: JPMorgan, Riot, Miners Locations: Marathon
Etienne joined Haiti’s youth set-up at age 14 and represented the team at the U-20 Women’s World Cup in 2018 – the first time a Caribbean nation has appeared in that tournament. And he always used to tell me the stories about how they were trying to qualify for the World Cup,” Pierre-Jerome said. The World Cup debutantes need a win to have any chance of making it to the Round of 16 – and for results elsewhere to go their way. Ahead of the World Cup, the team trained in Switzerland and South Korea, according to a representative of the Haitian Federation of Football. For Etienne, representing Haiti at the Women’s World Cup is also about cementing a legacy for generations to come.
Persons: Danielle Etienne, , Derrick, , ” Etienne, Etienne, , ” Etienne’s, Milan Pierre, Jerome, Reginald, I’ve, ” Pierre, Pierre, ” she’s, we’re, “ I’ve, Jerome said, they’ve, Jovenel Moise, “ It’s Organizations: New Zealand CNN, Denmark, men’s, CNN, Haiti’s, Haitian, Haiti, England, Haitian Federation of Football, CNN she’s Locations: Auckland, New Zealand, Haiti, Caribbean, China, Switzerland, South Korea
CNN —Andre Longmore, the man accused of fatally shooting four people in Hampton, Georgia, Saturday morning, was killed in a shootout with police, according to Henry County Sheriff Reginald Scandrett. This photo provided by the Hampton Police Department, in Hampton, Ga., shows the suspect, Andre Longmore. Hampton Police Department/APThe mass shooting was reported around 10:45 a.m. The shooting is one of at least 387 mass shootings in the United States in 2023, according to the Gun Violence Archive. The archive, like CNN, defines a mass shooting as one that injured or killed four or more people, not including the shooter.
Persons: CNN — Andre Longmore, Henry County, Reginald Scandrett, Scandrett, , Longmore, Andre Longmore, James Turner, Scott Leavitt, Shirley Leavitt, Steve Blizzard, Ronald Jeffers, Turner, ” Scandrett, WANF, Hampton Mayor Ann Tarpley, Organizations: CNN, ” Authorities, Hampton Police Department, Hampton, . Police, Authorities, Blizzard . Authorities, Police, Hampton Mayor Locations: Hampton , Georgia, Henry, , Atlanta, Hampton , Ga, Hampton –, United States
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInterest rate environment isn't conducive to refinancing student loans: JPMorgan's Reginald SmithReginald Smith Jr., JPMorgan analyst, joins 'Last Call' to explain why he think SoFi might not benefit from the student loan repayment as much as the street expects.
Persons: Reginald Smith Reginald Smith Jr Organizations: JPMorgan
Confirmation of a likely genetic cause for the children’s deaths has implications far beyond Australia for parents who have been accused of killing or harming their babies. The advances in genetic testing used to free Folbigg are giving other families hope that science may explain why their children have died, but experts say sometimes even that can’t exonerate parents – often mothers – accused of harming them. How the science is helping othersOne of the lead authors of the study, Professor Carola Vinuesa, says that Folbigg’s case has encouraged other families and lawyers to come forward, seeking genetic evidence to clear mothers accused of harming their babies. Some mothers accused of injuring their children are seeking a genetic explanation for their symptoms to counter claims of child abuse, she said. “The majority of these mothers have not harmed their children, but the children have these very rare conditions.
Persons: Australia CNN — Kathleen Folbigg, Folbigg, seeped, don’t languish, ” Folbigg, , Kathleen Folbigg, Caleb, Patrick, Sarah, Laura, Folbigg’s, Craig, Emma Cunliffe, , Cunliffe, Roy Meadow, ” Cunliffe, Sharmila Betts, Betts, there’s, Reginald Blanch, she’d, – Caleb, Patrick –, Tom Bathurst, Carola Vinuesa, I’ve, we’ve, Meadow, Francis Crick, Carola Vinuesa's, Michael Bowles, Helen Hayward, Brown, “ It’s, Hayward, they’ve, aren’t, George W Bush, Tracy Chapman, she’s, Chapman, “ I’ve, We’ve, , ” Chapman, Stringer, Rhanee Rego, Andrew Dyer, Dyer, Michael Daley, Mr Bathurst, Mark Dreyfus, I’ll Organizations: Australia CNN, New South, CNN, ” Police, University of British Columbia’s Allard School of Law, , NSW, BSN, ABC, Child, Francis Crick Institute, Concorde, MySpace, Reuters, Australian Academy of Science, Law Council, Sydney Institute of Criminology, Australian Lawyers Alliance Locations: Brisbane, Australia, New South Wales, British, United Kingdom, Canada, London, United States, Iraq, Coffs Harbour , New South Wales, Reuters Bathurst, Scotland, Norway, New Zealand
Even though bitcoin just ended its first down month of the year, the network activity hit new record highs — and that's a good thing for Bitcoin and its investors. However, Bitcoin's average daily network hashrate – which measures how much computing power the network uses to process transactions and is a key indicator of the network's health – increased for the fifth consecutive month. Investors want the hashrate to be larger; the more energy devoted to securing the network, the broader and more decentralized the network becomes. At the same time, Bitcoin's mining difficulty increased by about 2% for the month and reached an all-time high. Transaction fees on Bitcoin also surged in May with the help of Ordinals , digital content on Bitcoin similar to nonfungible tokens, or NFTs, with some technical differences.
Persons: bitcoin, Bitcoin, Reginald Smith, Bitcoin's, Smith, Michael Bloom Organizations: Investors, JPMorgan Locations: U.S
Redd Holt, a drummer who in the 1960s, before jazz fusion became a popular term, struck a beat that had both the kick of funk and the delicacy of jazz on a number of surprisingly popular instrumental tunes, died on May 23 in Chicago. The death, at a hospital, was caused by complications of lung cancer, his son Reginald said. Mr. Holt scored his biggest hit as the drummer with the pianist Ramsey Lewis’s trio, whose original lineup also included Eldee Young on bass. The Lewis Trio version superseded Mr. Gray’s, reaching the top of the Billboard R&B chart and No. Their “‘In’ Crowd” won the 1965 Grammy Award for best instrumental jazz performance by a small group or soloist.
Persons: Redd Holt, Reginald, Holt, Ramsey Lewis’s, Eldee Young, , Dobie Gray, Lewis, Gray’s, Organizations: Billboard Locations: Chicago
Short interest in Beyond Meat rose almost 30% to about 25 million shares between April 28 and May 15, according to the data. Short interest similarly climbed even more for software firm Cvent , with investors increasing shorts just over 33% to nearly nine million shares. That's almost 40% of the stock's float. Short interest grew almost 10% to nearly 25 million shares, now accounting for 36.5% of float. The table shows all names with short interest accounting for more than 25% of float.
Persons: Terence Malone, Cvent, it's, Reginald Smith Organizations: Barclays, FactSet, JPMorgan, CNBC Pro, New York Stock Exchange, Nasdaq
Starship Launch: Here Are the Challenges Elon Musk’s SpaceX Faces Previous dates Elon Musk has discussed for flying Starship have come and gone, and on Monday SpaceX scrubbed a flight. WSJ’s Micah Maidenberg explains the challenges the company faces getting Starship off — and back on — the ground. Photo: Reginald Mathalone/Zuma Press
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