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Meanwhile, Wells Fargo called for 20% upside for Meta Platforms and raised one of its estimates for the company's ad sales. Despite those positive trends, the new price target from KBW is still below the stock's closing level on Tuesday of $245.84. — Jesse Pound 5:53 a.m.: Redburn Atlantic upgrades UPS UPS could be in for strong gains after a slow start to the year, according to Redburn Atlantic. Analyst Oliver Holmes upgraded the package delivery giant to buy, raising its price target to $180. "We believe UPS is at, or close to, trough revenue, volume, margin and share price levels," Holmes wrote to clients.

Persons: Wells, Tesla, Gary Mobley, Wolfspeed, Mobley, Wells Fargo, — Jesse Pound, Ronald Jewsikow, Guggenheim, Jewsikow, Richard Shane, Shane, Coinbase, Keefe, Kyle Voigt, Voigt, Ken Gawrelski, Gawrelski, Oliver Holmes, Holmes, Fred Imbert, ~ ~ . Organizations: CNBC, Wednesday, UPS, Hyundai, Guggenheim, JPMorgan, ADV, SEC, Meta, Wall, ~$ Locations: Wells Fargo, 4Q23 ., Tuesday's

☆ A glut of cheap Chinese goods is flooding the world and stoking trade tensions
▼ + stars: | 2024-03-28 | by ( Hanna Ziady | Laura He | ) edition.cnn.com time to read: +8 min

The oversupply of Chinese goods in key industries is stoking tensions between the world’s biggest manufacturer and its major trading partners, including the United States and the European Union. From clothes to carsChina’s exports of low-priced goods got a boost after it joined the World Trade Organization (WTO) in 2001. “What China exports is advanced production capacity that meets the needs of foreign customers,” Xinhua News Agency wrote. US President Joe Biden recently pledged to investigate whether imports of Chinese vehicles pose a national security threat. “But perhaps more importantly, persistent oversupply and low prices of Chinese goods will add to geopolitical tensions and keep the threat of tariffs and counter-tariffs alive,” she wrote in a recent note.

Persons: Hong Kong CNN —, ” Jens Eskelund, Xi Jinping, Huang Jingwen, ” Eskelund, Brad W, ” Markus W, Voigt, China’s BYD, Warren Buffett, Setser, Li Qiang, “, ”, Joe Biden, Jennifer McKeown, Shawn Deng Organizations: Hong Kong CNN, European Union, European Union Chamber of Commerce, Zero, of, People, China’s National Bureau of Statistics, Council, Foreign Relations, World Trade Organization, Aream Group, Tesla, Getty, China Development Forum, Xinhua, Agency, ., EV, European Commission, WTO, Capital Economics Locations: Hong Kong, United States, China, Europe, Beijing, Xinhua, China's Shandong, . Washington, Brussels

☆ 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

☆ Every adult woman can now compete at Miss USA. Past winners and contestants aren't convinced it's a good idea.
▼ + stars: | 2024-02-02 | by ( Anneta Konstantinides | ) www.businessinsider.com time to read: +10 min

Read previewThis will be the first year that any adult woman can compete at Miss USA . Both Miss USA and Miss America weathered scandals and declining ratings throughout the 2000s, prompting both organizations to make big shifts. Miss America did away with the swimsuit competition, while Miss USA now allows married women and mothers to compete. AdvertisementThe Miss USA pageant has helped launch the careers of everyone from Halle Berry to Kenya Moore. Miss USA is about to follow on the heels of the most diverse Miss Universe competition in history.

Persons: —, Crystle Stewart, Miss USA, Miss America, Laylah Rose, Rose, Rachel Slawson, Jessielyn Palumbo, we're, it's, who's, Benjamin Askinas, you've, they're, they've, Susie Castillo, Eric Gay, Castillo, Merissa Underwood, Halle, Kenya Moore, Underwood, It's, Noelia Voigt Organizations: Service, Miss USA, Miss Universe Organization, Business, Miss, Miss USA's, Asya Branch, Branch, Associated Press, USA, Miss Universe Locations: Miss USA, Utah, Montana, Halle Berry, Kenya, California, Florida, Mississippi, Texas, Alabama

☆ See the best evening gowns at the 2023 Miss Universe competition
▼ + stars: | 2023-11-18 | by ( Alex Rees | ) edition.cnn.com time to read: +5 min

Benjamin Askinas/Courtesy Miss Universe Miss Bolivia, Estefany Rivero. Benjamin Askinas/Courtesy Miss Universe Miss Brazil, Maria Brechane. Benjamin Askinas/Courtesy Miss Universe Miss Bulgaria, Yuliia Pavlikova. Benjamin Askinas/Courtesy Miss Universe Miss Slovakia, Kinga Puhová Benjamin Askinas/Courtesy Miss Universe Miss South Africa, Bryoni Govender. The 2023 Miss Universe pageant also marks longtime Miss Universe Organization President Paula Shugart’s last year.

☆ GM and Honda team up on autonomous ride service for Japan
▼ + stars: | 2023-10-18 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +3 min

CNN —General Motors and Honda, along with Cruise — GM’s autonomous driving subsidiary — have agreed to create a driverless ride-hailing company in Japan. The company will use the Cruise Origin autonomous vehicle to give rides in Tokyo, Japan’s largest city. The Cruise Origin, an electric vehicle GM builds at a factory in Detroit, has no steering wheel, pedals or space for a driver. GM said it plans to build 500 of the vehicles for the Tokyo ride-hailing service, which is expected to be the first autonomous ride-hailing service in Japan, according to the companies. “The range of situations our [autonomous vehicles] have encountered is quite broad,” Voigt said, noting obstacles such as jugglers on the streets of San Francisco and donkeys in Austin.

Persons: Cruise, Honda, General Motors Cruise, Kyle Voigt, Voigt, ” Voigt Organizations: CNN —, Motors, Honda, —, Cruise, GM, General Motors, Ministry of Internal Affairs and Communications, Traffic, Administration Locations: Japan, Tokyo, Japan’s, Detroit, California, San Francisco, Phoenix, Austin, United States

☆ Miss USA 2023: Noelia Voigt of USA wins pageant
▼ + stars: | 2023-09-30 | by ( Alex Rees | ) edition.cnn.com time to read: +3 min

Following a recent rule change implemented by the Miss Universe Organization, this year’s Miss USA featured the first married state titleholder — Juliana Morehouse-Locklear of Maine. (Morehouse-Locklear, the daughter of a contestant in the 1994 Miss USA pageant, did not advance to the top 20.) Miss USA R'Bonney Gabriel is crowned the 2022 Miss Universe on January 14 in New Orleans. Gabriel’s win at the 2022 Miss USA pageant was marred by claims made by some of her fellow contestants that the pageant had been “rigged” in her favor. In the weeks after her crowning in October 2022, Miss USA’s parent company, the Miss Universe Organization, opened an investigation and suspended then-Miss USA national director Crystle Stewart — winner of the 2008 Miss USA pageant — and her company, Miss Brands.

Persons: CNN — Noelia Voigt, Voigt, — Voigt, Gankiewicz, Jasmine Daniels of, Lluvia, Alexis Loomans, ”, Vivica, ” Luann, Patrick Starrr, Laylah Rose, — Juliana Morehouse, R'Bonney Gabriel, Jason Kempin, Morgan Romano, Romano, R’Bonney Gabriel, Gabriel’s, Crystle Stewart —, —, Gabriel, Stewart, ” Gabriel, “, Crystle, Miss Brand’s, … Crystle, UmaSofia Srivastava, Stephanie Skinner Organizations: CNN, Miss, Sierra, CW Network, Savannah, Wisconsin —, Miss Universe Organization, Miss USA, Fox, Morehouse, Locklear, USA, Miss Brands, Miss USA Organization, Sierra Resort, Miss Teen USA Locations: Utah, Reno , Nevada, Savannah Gankiewicz, Hawaii, Jasmine Daniels of Pennsylvania, Texas, Wisconsin, United States, USA, Locklear, Maine, New Orleans, North Carolina, Miss USA, New Jersey, New York

☆ AfD's Regional Budget Win Erodes German 'Firewall' Against Far Right
▼ + stars: | 2023-09-15 | by ( Sept. | At A.M. | ) www.usnews.com time to read: +3 min

By Thomas EscrittERFURT, Germany (Reuters) - The convention by which Germany's far right is kept far from government regardless of how many parliamentary seats it wins was dealt another blow on Thursday when its votes were used to defeat a regional government in a crucial budget bill. Thursday's vote in Thuringia's parliament, when the far right, the conservative Christian Democrats and the pro-business Free Democrats combined to push through a tax cut against the wishes of the left-wing coalition, is the latest sign of change. But, highlighting the dilemma, the regional CDU leader Mario Voigt said such a course of action would effectively deprive him of the right to oppose. The party's regional leader, Bjorn Hoecke, is currently on trial for hate speech after uttering a slogan that stems from a Nazi chant. "We democrats have to stop the finger-pointing, sit down together and find a position that lives up to that responsibility."

Persons: Thomas Escritt, Germany's, Bodo Ramelow, Mario Voigt, Bjorn Hoecke, Stephan Kramer, Daniel Guenther, Rachel More, Nick Macfie Organizations: Christian Democrats, Free Democrats, CDU, Frankfurter Allgemeine Locations: Thomas Escritt ERFURT, Germany, Thuringia's, Thuringian, Sonneberg, Saxony, Anhalt, Thuringia, East Germany, West Germany, Brandenburg, Berlin, Schlweswig, Holstein

AfD members sit in voting booths on the day of the European election assembly 2023 of the Alternative for Germany (AfD) in Magdeburg, Germany, July 29, 2023. Thursday's vote in Thuringia's parliament, when the far right, the conservative Christian Democrats and the pro-business Free Democrats combined to push through a tax cut against the wishes of the left-wing coalition, is the latest sign of change. But, highlighting the dilemma, the regional CDU leader Mario Voigt said such a course of action would effectively deprive him of the right to oppose. The party's regional leader, Bjorn Hoecke, is currently on trial for hate speech after uttering a slogan that stems from a Nazi chant. "We democrats have to stop the finger-pointing, sit down together and find a position that lives up to that responsibility."

Persons: Annegret, Germany's, Bodo Ramelow, Mario Voigt, Bjorn Hoecke, Stephan Kramer, Daniel Guenther, Thomas Escritt, Rachel More, Nick Macfie Organizations: REUTERS, Rights, Christian Democrats, Free Democrats, CDU, Frankfurter Allgemeine, Thomson Locations: Germany, Magdeburg, Rights ERFURT, Thuringia's, Thuringian, Sonneberg, Saxony, Anhalt, Thuringia, East Germany, West Germany, Brandenburg, Berlin, Schlweswig, Holstein

☆ Rise of Far Right Leaves Germany’s Conservatives at a Crossroads
▼ + stars: | 2023-07-26 | by ( Catie Edmondson | More About Catie Edmondson | ) www.nytimes.com time to read: +1 min

Mario Voigt, a leader of Germany’s mainstream conservative party, has watched with concern the slow but steady string of victories notched by the far-right Alternative for Germany, known as the AfD. In his home state of Thuringia, in eastern Germany, the AfD just last month won the district administrator’s seat, giving the far right bureaucratic authority over an area for the first time. Since the spring, the AfD has only gathered momentum. The party has gained at least four points in polls since May, rising to 20 percent support and overtaking the country’s governing center-left Social Democrats to become Germany’s second-strongest party. A more recent poll, released on Sunday, put the AfD at a record high of 22 percent support.

Persons: Mario Voigt, Voight’s, Angela Merkel Organizations: Social Democrats, Christian Democratic Union Locations: Germany, Thuringia

☆ KBW's best trades for 2023, including a short bet against Coinbase
▼ + stars: | 2023-01-06 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

In the meantime, KBW has shared a list of several names to trade in 2023, many of which are short bets. Perhaps the most high-profile name on the list is Coinbase – and the firm has it down as a short bet, thanks to deteriorating volumes and regulatory overhang. The firm has an underweight rating on Coinbase and a price target of $37. Its price target of $6 is 18% below its Thursday closing price. The firm's price target on Allstate is 11% above where the stock closed Thursday.

Anyone with a TreasuryDirect account can gift savings bonds as long as the person to whom they're gifting the bonds also has a TreasuryDirect account, according to Alexander Voigt, founder and CEO at Daytradingz.com. I savings bonds, on the other hand, have 6.89% interest rates if you buy them within the same dates as the EE savings bonds. How to gift bonds to charityYou aren't limited to individuals when it comes to gifting bonds. "The buyer of the gift savings bond sees the bonds generally issued to the 'Gift Box' in their TreasuryDirect account within one business day," Voigt says. For instance, each year the US government lets you purchase a maximum of $10,000 in electronic EE savings bonds, $10,000 in I bonds, and $5,000 in paper I bonds.

☆ I hang Christmas lights for multimillion-dollar mansions in LA. I'm on track to make $250,000, and I get wild requests.
▼ + stars: | 2022-12-19 | by ( Annita Katee | ) www.businessinsider.com time to read: +6 min

His guys work 16-hour days, and his business is on track to make multiple six figures. So just like that, I took the leap and started my light-installation company, Elegant Outdoor Lights, in September 2021. Courtesy of Elegant Outdoor LightsLast year was our first Christmas, but this year is our first full season. Courtesy of Elegant Outdoor LightsI love the ones who want to be involved, as it's really fun to interact with them and connect with their personalities and tastes. And while I love being able to work all year round, yes, Christmas really is the best time of year.

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