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The company also said revenue in the current quarter would be stronger than Wall Street forecasted. Moderna — Shares were up more than 5% after the vaccine maker posted a greater-than-expected revenue for the fourth quarter. The company's top line registered at $2.81 billion, while analysts polled by LSEG had forecast a print of $2.50 billion. Lucid — Shares pulled back more than 7% after the luxury electric vehicle company missed revenue estimates in the fourth-quarter. Specifically, Lucid posted $157 million, while analysts expected $180 million, per LSEG.
Persons: LSEG, Lucid, Cantor Fitzgerald, , Rivian, Synopsys, Morgan Stanley, FactSet, Remitly, TD Cowen, Oliver Chen, KeyBanc, — CNBC's Brian Evans, Lisa Kailai Han, Fred Imbert, Sarah Min Organizations: Nvidia, Wall, , Moderna, LSEG, BMO Capital Markets, Coty —, ASML, HSBC, Gates Locations: Thursday's premarket, Wednesday's
Here are Thursday's biggest calls on Wall Street: Morgan Stanley raises Nvidia price target Morgan Stanley increased its price target on shares to $795 from $750 after the chipmaker's earnings announcement. " UBS reiterates Nvidia as buy, but trims price target UBS reiterated its buy rating on Nvidia but reduced its price target to $800 from $850. Morgan Stanley upgrades DoorDash to overweight from equal weight Morgan Stanley's upgrade comes after the stock fell around 10% since its earnings report on Feb. 15. Morgan Stanley reiterates overweight rating on Rivian Automative Morgan Stanley kept its overweight rating on Rivian , but cited concerns on the company's outlook. Jefferies reiterates Sunrun as buy Jefferies also raised its price target on Sunrun to $31 from $25, implying shares nearly doubling from Wednesday's close.
Persons: Morgan Stanley, Goldman Sachs, Nvidia Goldman, Morgan, Rivian, Automative Morgan Stanley, Jefferies, Sunrun, Bernstein, Wendy's, Wendy, TD Cowen, Cowen, COTY, Cantor Fitzgerald, Root, Cantor, Remitly Organizations: NVIDIA, UBS, Nvidia, Data Center, RBC, Rivian Automotive, EV, Petrobras, ITC, Coty, BMO, Markets Locations: Argentine, China, Brazil, 2024E
Insider Buys: Lumen, Air Products, Inari, Remitly and Sarepta
  + stars: | 2023-11-10 | 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 EmailInsider Buys: Lumen, Air Products, Inari, Remitly and SareptaHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Brian Sullivan, Organizations: Products, CNBC
Executives of some beaten-down companies, including one battered biotech name and a popular soft drinks maker, scooped up shares of their own stock in the past week. Here are the top insider buys: Energy Transfer — Executive Chairman Kelcy Warren bought one million shares Monday at $13.53 per share for a total value of $13.53 million. Shares are up more than 2% over the past month. Enstar Group CEO bought swathes of shares Wednesday, the day after the company reported its earnings for the third quarter. The stock has gained about 8% so far this year and shares are up roughly 4% over the past month.
Persons: Kelcy Warren, Dominic F, Silvester, Nigel W, Morris, Richard Barry, Verity, Douglas Ingram, Keurig Dr Pepper, Timothy P, Cofer, Dr Pepper's, Dr Pepper —, Dr Pepper, Mott's —, Enstar Organizations: CNBC Pro, , Global, Therapeutics, Remitly, FDA, U.S . Securities, Exchange, Enstar Locations: Canada
Cross-border payments startup Keeta has raised $17 million in fresh funds. The seed round was backed by an array of investors including ex-Google CEO Eric Schmidt. Cross-border payments startup Keeta has raised $17 million in a seed funding round backed by an array of investors including former Google CEO Eric Schmidt. We want to make it just as easy for a manufacturer in Indiana to send $200,000 to a vendor in Germany," Keeta CEO and founder Ty Schenk told Insider. The company's $17 million in funding partially comes from former Google CEO Schmidt alongside other, unnamed investors.
Persons: Eric Schmidt, Ty Schenk, Wise, Schmidt, Schenk, We've Organizations: European Union Locations: The California, Indiana, Germany, Canada, Mexico, Brazil, United Kingdom
The world googled "how to be a pilot" more than any other job between Oct. 2021 and Oct. 2022, data shows. In China, dietitian is the dream job for most citizens, according to the study. Other top dream jobs include writer, dancer, entrepreneur, and YouTuber. The findings were ranked and broken down by the top dream job in each country. Despite Remitly's report, some professionals have sounded off about doing away with the term "dream job," Insider's Shana Lebowitz reported.
Sift is a startup that provides fraud-prevention tech to e-commerce and fintech companies. The startup named Kris Nagel, former COO at Ping Identity, as its new CEO on Thursday. Sift has a new CEO, and one of his top priorities will be building up the startup's finance-focused clientele. Nagel, former COO at Ping Identity, an identity-security company, assumed the position in early December 2022. Nagel brings his experience helping lead Ping Identity through an IPO in September 2019 to Sift.
HONG KONG, Nov 17 (Reuters Breakingviews) - Naspers (NPNJn.J) has a new Tencent (0700.HK) quandary. In June, they launched an open-ended plan to gradually sell Tencent shares and use the proceeds to repurchase stock in both companies. The problem, however, is that Tencent stock has underperformed that of Naspers and Prosus. Over the same period Naspers shares rose 6% while those of its Dutch subsidiary are down 19%. “The Naspers Board and Prosus Board reiterate their continued confidence in Tencent's long term prospects and continue to believe that the share repurchase programme is in the best interests of Prosus, Naspers and their respective shareholders," they said in a statement.
King dollar commands surge in remittances
  + stars: | 2022-11-10 | by ( Harish Sridharan | ) www.reuters.com   time to read: +3 min
The U.S. dollar index , which measures its performance against a basket of major currencies, is up 14.5% this year. The dollar's long rallyTransfer volumes at Remitly (RELY.O) leapt 44% to $7.5 billion in the September quarter. Larger rival Wise (WISEa.L) said volumes were up 49% to 24.4 billion pounds ($28.2 billion) in the July quarter. MoneyGram International (MGI.O) and PayPal Holdings (PYPL.O) have also posted an uptick in turnover and transactions in their third quarter. "Some of us get to match or not get too affected by inflation because we earn in U.S.
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Persons: Olga Matican Olga, Olga, Diana Roșca Diana Roșca, Diana, Labs, Harley Davidson, Gibson, Egils, Kumail Organizations: Olga Matican Olga Matican, Facebook, Google, Management Locations: Moldova, Londra, America Latină, Tile, BluPrint, Connect.IT, Chișinău, Britanie, SUA, Australia, România, Republica Moldova, Columbia
Faster digital payments are garnering greater interest from US financial institutions, businesses, and consumers. Faster digital payments are garnering greater interest from US financial institutions, businesses, and consumers. Faster payments' speed also provides valuable transparency for firms, which benefit from the certainty of immediate payment. C2C digital paymentsMobile P2P payments are among the C2C use cases that could benefit from real-time digital payments. Insider IntelligenceThe quicker settlement speeds and additional transparency of faster payments are attractive to firms and consumers involved in B2C payments, which include bill payments, payroll, and retail.
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