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☆ Goldman loves these stocks but the rest of Wall Street does not
▼ + stars: | 2024-03-13 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Investors who take the risk of owning certain unloved stocks could see outperformance down the road, according to Goldman Sachs. This basket of stocks consists of buy-rated names on which the firm's analysts are out of line with the rest of Wall Street. Here are a few of Goldman's differentiated buy names. About a quarter of analysts covering the stock have given it a buy or strong buy rating, according to LSEG. The pet retailer has buy or strong buy ratings from about one-third of Wall Street analysts covering the name, per LSEG.

Persons: Goldman Sachs, Warren Buffett, Goldman, Deep Mehta, Instacart, Petco, Ron Coughlin Organizations: Investors, The New York Times, Citi, Capital, JPMorgan, Petco, Wall Street Locations: 2024E

☆ India’s Zee Entertainment pops 10% on report that $10 billion merger with Sony is being revived
▼ + stars: | 2024-02-20 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Sony and Zee did not immediately respond to a CNBC request for comment. Shares of India's Zee Entertainment jumped more than 10% on Tuesday after a report that its $10 billion merger with Japanese tech giant Sony could be revived. Sony first proposed to combine its India entertainment business with Zee in December 2021. Last month, Zee sued Sony over the termination of the deal and urged the Japanese firm to revive the merger. The union of Zee and Sony's India subsidiary would have created a potential content and entertainment powerhouse in India.

Persons: Zee Organizations: Sony, Zee, CNBC, Economic Times, India's Zee Entertainment, Sony's, Disney, Reliance Industries Locations: Mumbai, Japan, India, Sony's India

☆ Donald Trump's niece says she thinks Jon Stewart's 'rhetoric' is a 'potential disaster for democracy'
▼ + stars: | 2024-02-15 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Donald Trump's niece isn't a fan of Jon Stewart's jokes about her uncle and President Joe Biden. The former president's niece criticized Stewart's Monday episode where he slammed President Joe Biden and former President Donald Trump. AdvertisementNot only is Stewart’s “both sides are the same” rhetoric not funny, it’s a potential disaster for democracy. She also accused Stewart of "pretending" that Donald Trump could be "favorably compared to President Biden by any metric." Mary Trump's father, Fred Trump Jr., was the younger brother of Donald Trump.

Persons: Donald Trump's, isn't, Jon Stewart's, Joe Biden, Mary Trump, Stewart, Trump, Donald, —, Mary Trump wasn't, Stewart's, Donald Trump, Biden, ounger Organizations: Biden, Service

☆ Nikki Haley slams Trump for questioning her husband's military service and his whereabouts
▼ + stars: | 2024-02-11 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +3 min

Haley criticized Trump for questioning her husband's whereabouts while he's deployed on active duty. The exchange comes as Haley and Trump fight to secure the GOP primary nomination in South Carolina. At a Saturday rally in Conway, South Carolina, Trump mockingly asked: "Where's her husband? Oh, he’s away. The former South Carolina governor slammed Trump for his comments at a separate rally in Gilbert, South Carolina.

Persons: Haley, Trump, he's, —, Nikki Haley, Donald Trump, He's, ” Trump, Where's, Michael Haley, ”, “, Michael, ” Michael, AfN3u4AsJc — Nikki Haley, @NikkiHaley Organizations: GOP, Service, South Carolina Army National Guard, South, Trump Locations: South Carolina, Conway , South Carolina, Horn of Africa, Gilbert , South Carolina, United States

☆ Taylor Swift's bad fashion isn't bad taste. It's strategy.
▼ + stars: | 2024-02-10 | by ( Savannah Bradley | ) www.businessinsider.com time to read: +8 min

AdvertisementIn December, Taylor Swift — Time's Person of the Year — glittered in front of the camera in a black bodysuit, a floor-skimming chenille dress, and a studded bustier gown. Crafting Swift's public imageThe Swiftian brand philosophy revolves around one essential idea: Taylor Swift is everyone's best friend. These choices are attainable, predictable, and unthreatening — purchases made by your best friend during a mall shopping spree. Lauren Sherman , Fashion Correspondent at Puck News , astutely labeled Swift's style as "Anthropologie Gone Wild" — mismatched, outdated, pedestrian, but instinctual. He's been running his own fashion brand for 20 years .

Persons: Taylor Swift, —, inoffensive, Swift, Jean Paul Gaultier, She's, doesn't, J, Lauren Sherman, astutely, Sherman, Swift's, Joseph Cassell Falconer, bedazzled Zuhair Murad bodysuits, Cookie Cohen, Taylor, Cohen, Yves Saint Laurent, they're, Kevin Mazur, Pharrell, Louis Vuitton, Rihanna, He's, Angelina Jolie Organizations: Service, Chiefs, Balmain, Urban Outfitters, Fashion, Puck, Swift, The New York Times, MTV Locations: Zara

Here is what you need to know about the U.N. agency, the allegations against its workers and the fallout. While UNRWA does not resettle Palestinian refugees, it provides other services such as education and health care to refugees across five separate locations. The remaining approximately 2.5 million refugees are located in the enclaves of the Gaza Strip (nearly 1.6 million) and the West Bank (more than 900,000). As of Monday morning, the following 10 countries have announced they would at least pause UNRWA funding. “The Department of State has temporarily paused additional funding for UNRWA while we review these allegations and the steps the United Nations is taking to address them.”What Does the UNRWA Scandal Mean for Gazans?

Persons: Philippe Lazzarini, ”, ” Lazzarini, ’, “, – Jordan, Lazzarini Organizations: United, United Nations Relief, Works Agency, Hamas, The New York Times, Works Agency for Palestine Refugees, UNRWA, Gaza, West Bank, European Union, U.S . State Department, Department of State, Nations Locations: United Nations, Israel, United States, Gaza, East, Palestine, Syria, Lebanon, U.S, Germany

☆ Attacks by Iran's militia allies are placing the Biden administration in a bind
▼ + stars: | 2024-01-24 | by ( Paul Iddon | ) www.businessinsider.com time to read: +7 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Attacks against US forces continue despite US warnings and military retaliations in Iraq and Syria. In Syria, the US military targeted facilities used by these militias and Iran's hardline Islamic Revolutionary Guard Corps, IRGC, paramilitary. But as attacks on shipping continued, the U.S. and Britain targeted Houthi positions and weaponry inside Yemen with repeated airstrikes in January.

Persons: —, Biden, Nicholas Heras, Asad, Ryan Bohl, RANE, Bohl, Washington, Lloyd Austin, Heras, Joe Biden Organizations: Service, New Lines Institute, US, Islamic Revolutionary Guard Corps, U.S, U.S . Central Command, East, Screengrab, Ministry of Defense, U.S . Navy, The New York Times, Hamas, Biden Locations: Iran, Iraq, Syria, United States, Baghdad, Gaza, Al, U.S, North Africa, Yemen, Red, Israel, Iranian

☆ This could be the year for dividend stocks. Here are Wall Street's favorites
▼ + stars: | 2024-01-03 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

This year could be a better one for dividend stocks. This year, the Federal Reserve has said it's likely to cut interest rates three times , which could bode well for dividend stocks . "Moving forward … it's the time to start buying dividend stocks." The insurance company has a 3.1% dividend yield and 16% upside to the average analyst price target. The stock, which has a 3.3% dividend yield, has 26% upside to the average price target.

Persons: bode, Matt Powers, VIG, FactSet, TD Cowen, Matt Elkott, Jimmy Bhullar, — CNBC's Michael Bloom Organizations: Federal Reserve, Powers Advisory, CNBC, Trinity Industries, Trinity, MetLife, JPMorgan, MET, Utilities

☆ X could lose $75 million in ad revenue after a litany of controversies from Elon Musk, including his endorsement of antisemitic comments, report says
▼ + stars: | 2023-11-27 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

X could lose up to $75 million in revenue as advertisers flee the platform. It comes amid backlash over Elon Musk's endorsement of an antisemitic post on the site. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementElon Musk's endorsement of an antisemitic post may cost X millions of dollars in advertising revenue this year. Elon Musk has been widely condemned after he endorsed a post on X that accused Jewish communities of pushing hate against white people.

Persons: Elon, —, Linda Yaccarino —, Elon Musk, Musk, X, Yaccarino, we've Organizations: Disney, IBM, Service, The New York Times, NBC, Media Matters, Apple, Times, Netflix, Microsoft, Business, BI

☆ Woman on Meth Tried to Open Plane Door of Korean Air Flight: Report
▼ + stars: | 2023-11-25 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +2 min

A woman tried to open the emergency door of a Korean Air flight several times mid-air. AdvertisementAn airline passenger tried to open the emergency door of a Korean Air flight midair while under the influence of drugs, a report says. AdvertisementPolice said she had come to South Korea after spending six months in New York and had no record of mental illness. South Korean citizens are prohibited from using drugs, even if they are in another country where drug use is legal. In June, a 19-year-old tried to open the door during a flight traveling from Cebu to Incheon and was arrested, the outlet said.

Persons: — Organizations: Korean Air, Service, Korean, South, Yonhap News Agency, Police Locations: New York, Incheon, Korea, South Korea, Jeju, Daegu, Cebu

☆ Why Nvidia's outlook will command the spotlight during next week's earnings report
▼ + stars: | 2023-11-16 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +8 min

Wall Street expects Nvidia (NVDA) to deliver another strong quarterly report Tuesday, as its cutting-edge artificial intelligence chips remain a hot, hard-to-get commodity. The recent trading in Nvidia's stock reflects that optimism, with shares up nearly 20% in November alone. "I don't like the so-called setup," Jim Cramer said, referring to the huge run-up in shares ahead of earnings. It's one piece of evidence behind investors' belief that Nvidia's upcoming earnings report will clear the high bar that's been set. Microsoft hasn't officially disclosed how the Maia 100's performance compares with Nvidia's top-end AI chip and AMD's MI300.

Persons: Jim Cramer, Jim, he's, —, Goldman Sachs, LSEG daa, Goldman, Morgan Stanley, workloads, Maia, Microsoft hasn't, BofA, Jim Cramer's, Hsun Huang, Patrick T Organizations: Nvidia, LSEG, Investor, Microsoft, Big Tech, Goldman, Street, Financial Times, Micro Devices, Wednesday, Google, Web Services, Bank of America, AMD, CNBC, Nvidia Corp, Mobile, Fallon, Bloomberg, Getty Locations: China, Los Angeles , California

☆ Deepmind's new AI could help forecast extreme weather faster
▼ + stars: | 2023-11-15 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Deepmind's GraphCast AI can produce an accurate 10-day weather forecast in under a minute. The Google-owned company's AI model is the first that can outperform conventional forecasters. AdvertisementNew research has shown that an AI model developed by Google-owned Deepmind has outperformed traditional weather forecasters for the first time. The peer-reviewed study, published in the journal Science, said that Deepmind's GraphCast AI model "significantly outperformed" the conventional system for predicting the weather, which is run by the European Centre for Medium-range Weather Forecast. The AI model can produce an accurate 10-day forecast in under a minute and represents "a turning point in weather forecasting," according to the paper.

Persons: —, Deepmind, Pushmeet Kohli, Deepmind's, GraphCast, Lee, Matthew Chantry Organizations: Google, Service, European Centre, Financial Times

☆ Ukraine and Russia can't break their stalemate because their troops are spread too thin over 745 miles, UK intel says
▼ + stars: | 2023-11-03 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +2 min

Ukraine and Russia are fighting along a 745-mile front line, the UK Ministry of Defence said. And they're struggling to break through because of how scattered their troops are, the MOD said. Ukrainian forces are 'static' in the south, and Russian troops are collapsing in the east, it said. The UK MOD pointed to the sheer scale of the front, which it says stretches for 745 miles. The UK Ministry of Defence cited airpower as a major factor in the apparent standstill.

Persons: —, Valerii Zaluzhnyi, Zaluzhnyi Organizations: UK Ministry of Defence, MOD, Service, Ukrainian, Ukraine's Armed Forces, The New York Times Locations: Ukraine, Russia, Avdiivka

☆ Ford pauses a $12 billion EV investment, after saying electric vehicles are too expensive
▼ + stars: | 2023-10-27 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Ford has postponed $12 billion in spending on EV manufacturing capacity. The company has warned that electric vehicles are too expensive and that demand is slowing. AdvertisementAdvertisementFord has halted billions of dollars in investment in EV manufacturing, warning that customers will not pay a premium for these vehicles. AdvertisementAdvertisementThe company stressed that it is still committed to spending on future EV models, however. "Electric vehicles are expensive," he said.

Persons: Ford, —, John Lawler, Lawler, Toshihiro Mibe, General Motors, Bill Ford Organizations: Service, EV, CNBC, Honda, Bloomberg, General, The New York Times Locations: Kentucky

☆ Going Easy on a Tax-Return Heist
▼ + stars: | 2023-10-19 | by ( The Editorial Board | ) www.wsj.com time to read: 1 min

Photo: mandel ngan/Agence France-Presse/Getty ImagesThe Justice Department has finally found the man who stole thousands of private federal tax records and leaked them to the media. But the potential deterrent effect is going to be muted by the plea deal negotiated with Internal Revenue Service contractor Charles Littlejohn. In a hearing last week in Washington federal court, Mr. Littlejohn admitted to stealing tax returns for President Trump and thousands of wealthy Americans, before leaking them to two separate media outlets. He gave Mr. Trump’s information to the New York Times , even as the President was fighting demands for his tax returns by Democrats in Congress. The leak of wealthy taxpayer information to ProPublica coincided with a progressive campaign to impose a new tax on assets.

Persons: mandel ngan, Charles Littlejohn, Littlejohn, Trump, Littlejohn’s Organizations: Agence France, The, Department, Internal Revenue Service, New York Times, Congress Locations: Washington

☆ A US State Department official resigned over Biden's 'blind' military support for Israel
▼ + stars: | 2023-10-19 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

A US State Department official resigned because of President Joe Biden's "blind" support for Israel. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementA US State Department official overseeing arms transfers resigned in response to President Joe Biden's "blind" decision to keep supplying Israel with weapons as it imposes a siege on Gaza as part of its war with Hamas. More than 1,300 Israelis died in Hamas' surprise attacks on October 7, the Israel Defense Forces said .

Persons: Joe Biden's, Josh Paul, —, Paul, Biden Organizations: US State Department, Israel, Political, Military Affairs, Service, State Department, Israel Defense Forces, Palestinian Health Ministry, Carnegie Endowment, International, Biden Administration, ABC News, UN, Human Rights, The New York Times Locations: Israel, Gaza, Hamas

☆ Dubai is hoping to launch a fully operational flying taxi service by 2026
▼ + stars: | 2023-10-01 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +2 min

The city of Dubai hopes to create a flying taxi network by 2026. The network, built by Skyports, would take passengers to major city destinations via compact electric flying vehicles. Other flying taxi services are also looking to launch in major cities across the world. AdvertisementAdvertisementDubai hopes to be the city leading the flying taxi future by completing a fully operational flying taxi network by 2026. Four landing sites are planned to be built near Dubai International Airport, Palm Jumeirah, Dubai Downtown, and Dubai Marina.

Persons: Skyports, — Organizations: Service, Times, United, United Arab Emirates, Dubai International, Palm Jumeirah, Dubai Downtown, Dubai Marina, Joby Aviation, Paris . Airlines Locations: Dubai, United Arab, Palm, New York, Los Angeles, Paris, Delta, United, Skyports

☆ After a year of chaos, CNN bets on new CEO Thompson to focus on long-term viability
▼ + stars: | 2023-09-19 | by ( Alex Sherman | ) www.cnbc.com time to read: +5 min

Entelis, Moseley, Sherling and Leavy all plan to stay at CNN as Thompson takes over as CEO, according to people familiar with the matter. Programming CNN MaxBefore joining The New York Times, Thompson was director-general — a combination of chief executive and editor-in-chief — of the British Broadcasting Corporation. He'll have a chance to develop new shows at CNN Max, a tab in Warner Bros. With CNN Max, Thompson will try to program for a younger audience. Thompson will have some runway to invest in CNN Max.

Persons: Brandon Bell, Mark Thompson, Thompson, Donald Trump, Entelis, CNN hasn't, Licht, Jeff Zucker, Andrew Morse, CNN Max, CNN's, —, Zucker, Jason Kilar, Max, JB Perrette, Gabelli's Kevin Dreyer Organizations: CNN, Getty, Licht, Warner Bros . Discovery, Republican, The New York Times, Times, New York Times, CNN.com, Athletic, British Broadcasting Corporation, Warner Bros, U.S, Variety, Disney Locations: Atlanta , Georgia, Thompson's, Moseley, Sherling

☆ Oracle buddies up with Microsoft. Plus our take on Salesforce and Meta news
▼ + stars: | 2023-09-15 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +8 min

A new partnership between Microsoft (MSFT) and Oracle (ORCL) has the potential to benefit both Club holdings in the competitive cloud-computing landscape. Oracle, a database pioneer with more than 40 years of history operating in the market, had existing offerings geared toward Azure customers . Wall Street analysts were generally upbeat on the implications for Microsoft and Oracle, which joined the Club's portfolio a month ago. Analysts at Bernstein downplayed concerns that the deeper partnership with Microsoft will hurt Oracle's fast-growing cloud-computing service, known as Oracle Cloud Infrastructure. "This partnership also lowers the potential risk of Microsoft trying to target Oracle database customers to move off Oracle.

Persons: —, Satya Nadella, Larry Ellison, Bernstein, prem workloads, Ellison, Oracle's, Salesforce, Brian Millham, Marc Benioff, Will Cathcart, there's, Mark Zuckerberg, Jim Cramer, WhatsApp, Susan Li, Jim Cramer's, Jim, Justin Sullivan Organizations: Microsoft, Oracle, Oracle Autonomous Database, Wall Street, Barclays, Deutsche Bank, Web Services, Oracle Cloud Infrastructure, Companies, Bloomberg, Financial Times, Meta Platforms, Meta, Facebook, CNBC Locations: Salesforce, San Francisco, Redwood Shores , California

☆ Some British Airways passengers could go hungry as it will stop loading flights with enough food for all flyers
▼ + stars: | 2023-08-05 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

British Airlines will stop loading flights with meals for all passengers to reduce food waste. Last month the airline brought back free tea and coffee for passengers on short-haul flights. British Airways is trialing a new catering system where it won't load enough food for all passengers on a flight in a bid to tackle food waste. This included scrapping free beverages for passengers on its short-haul economy flights, the Sunday Times reported. Last month it started giving passengers free tea and coffee again on its short-haul routes.

Persons: Willie Walsh, Walsh, Alex Cruz, Sean Doyle Organizations: British Airlines, Morning, British Airways, KFC, Passengers, Former British Airways, Financial Times, Sunday Times Locations: London, Caribbean, Iberia

☆ I'm a Barbie girl who almost got tricked by a plastic-free hoax
▼ + stars: | 2023-08-03 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +5 min

A fake campaign by environmental activists said Barbie-maker Mattel would go plastic-free by 2030. Outlets like People, The Washington Times , and Dow Jones Newswires reported that Mattel, the maker of Barbie and other toys like American Girl dolls and Hot Wheels, would go plastic-free by 2030. "With our plastic-free commitment, we denounce the empty promises of plastic recycling and take a bold step towards real ecological sustainability. By the end of the day, Yahoo News had the exclusive on the team behind the stunt : The Barbie Liberation Organization. The stunt did make me envision what seaweed Barbie would look like — but it's unclear if that's possible.

Persons: Barbie, I've, that'd, Dow Jones Newswires, Greta Thunberg, Daryl Hannah, Instagram, Hannah, Hannah didn't, Ynon Kreiz, Mattel, Igor Vamos, Mike Bonnaro, Vamos, Adam McKay Organizations: Mattel, Service, The Washington Times, Yahoo News, Liberation Organization, Barbie Liberation Organization, Dot Studios Locations: Russian

☆ Dominion’s Weak Case Against Fox
▼ + stars: | 2023-03-24 | by ( William P. Barr | ) www.wsj.com time to read: +1 min

Blinded by resentment at Fox’s success as an alternative media voice, many media organizations offered a distorted narrative—largely parroting Dominion’s spin—that the disclosures doom Fox’s legal defense. Commentators from the New York Times , Washington Post, CNN, MSNBC and other outlets, gleeful at the prospect of a Fox setback, cheer on as the defamation case heads toward a trial date. But the real significance of the disclosures is exactly the opposite of what these media outlets claim. Two things are clear: First, if the applicable law is faithfully applied, the facts completely upend Dominion’s defamation claim against Fox. The case should be decided in Fox’s favor, if not at the trial stage, then on appeal.

☆ Earnings and Fed Chair Powell will again drive markets in the week ahead
▼ + stars: | 2023-02-03 | by ( Patti Domm | In | ) www.cnbc.com time to read: +8 min

With few economic releases and the earnings season starting to wind down, an appearance by Federal Reserve Chairman Jerome Powell Tuesday could be among the newsiest events for markets in the week ahead. The Fed chair is speaking at the Economic Club of Washington D.C. at midday Tuesday. If he wanted to walk back anything, he could have done it then," said Art Hogan, chief market strategist at B. Riley. Economists said Friday's surprisingly strong jobs report should encourage the Fed to push forward with planned rate hikes. Earnings, earnings, earnings But there continues to be earnings news.

More than a decade later, those that heeded this advice went on to become game-changing tech behemoths, including CNBC Disruptor 50 companies Block , Pinterest , Slack, Twilio , and Cloudera. Seed rounds had a record deal value in 2022, and valuations continued to grow even as late-stage venture companies nearer to the public market suffered. Venture funds raised a record amount of money in 2022, with $162.8 billion closed across 769 funds, according to PitchBook and the NVCA. We've seen companies struggle as public companies and then skyrocket, so a lower value-IPO is not the end of the road." "But when you can generate new share in a difficult market, when the market does turn, they are in a perfect position to capture more market share and customers."

☆ The UFO Bubble Goes Pop
▼ + stars: | 2022-12-02 | by ( Holman W. Jenkins | ) www.wsj.com time to read: 1 min

Call it the buildup to a letdown, as the latest of the required intelligence reports to Congress on the UFO question undergoes a prolonged and likely angst-filled vetting before being delivered to the relevant committees. Its findings will be surprising only to those who imbibed previous official disinformation on so-called UAP, or unidentified aerial phenomena. The most credible and widely trumpeted sightings by Navy pilots now are explained as illusions. Though Chinese surveillance drones do operate in areas where U.S. training flights occur, these are conventional drones, with no unusual capabilities. They aren’t the uncannily speedy, supernaturally maneuverable objects mentioned in previous accounts.

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