DIRS.INFO The most relevant business & tech news

— A Washington state man who pleaded guilty to killing at least 118 eagles as part of a wildlife trafficking ring that operated on a Native American Reservation in Montana faces sentencing Thursday before a federal judge. The trafficking ring sold eagle feathers and parts on a black market that exploits high demand among tribal members who use them in powwows and other ceremonies. The defendant and others killed at least 107 hawks and as many as 3,600 birds overall, prosecutors said. It’s illegal to buy or sell eagle feathers or other parts. Branson made between $180,000 and $360,000 from 2009 to 2021 selling bald and golden eagle parts illegally, court records said.

Persons: Travis John Branson of, Judge Dana Christensen, Branson, Andrew Nelson, Nelson, they’re, ”, “, Simon Paul, Paul Organizations: Attorney’s, U.S, U.S . West, U.S . Fish, Wildlife Service Locations: Mont, —, Washington, American, Montana, powwows, Travis John Branson of Cusick, Missoula, Nelson, Kalispell, Midwest, St, Ignatius , Montana, Canada, Colorado, Oklahoma, Arizona

☆ Earnings growth is falling short of expectations thus far
▼ + stars: | 2024-10-24 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Corporate earnings are not meeting expectations thus far. Roughly 160 S & P 500 companies have posted third-quarter results thus far, with their bottom lines growing an average of just 2.6%, per FactSet. The blended growth rate, which includes the reports already out and estimates for those on the docket, points to overall S & P 500 earnings growing at 3.4% from the year-earlier period. The S & P 500 rebounded slightly from a three-day slide on Thursday due in part to strong earnings reports. Companies slated to report earnings after the close Thursday include Deckers, Capital One and DexCom.

Persons: Joseph Cusick, " Cusick, Sam Stovall, Stovall Organizations: Calamos Investments, Research, Whirlpool, PayPal, CNBC, Companies, Tech, Amazon, Apple

☆ An ex-Tesla owner shares why his experience with a Rivian R1T during Hurricane Helene made him a convert
▼ + stars: | 2024-10-11 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +8 min

North Carolina resident Michael Cusick and his Rivian R1T got caught in Hurricane Helene last week. But his experience with his Rivian R1T EV truck following Hurricane Helene — a storm that ravaged the southeast, including Cusick's home in Asheville, North Carolina — has cemented his position as a new Rivian convert. Cusick's Rivian in Pisgah National Forest in North Carolina earlier this year. A Rivian spokesperson told Inside EVs, which earlier reported on Cusick's truck, that Rivian battery packs are sealed to provide floodwater protection. The interior of Cusick's Rivian truck was kept dry during Hurricane Helene, Cusick told BI.

Persons: Michael Cusick, R1T, Hurricane Helene, Cusick, Rivian, Tesla, —, Helene —, Asheville , North Carolina —, Cusick's, Zers, Roy Cooper, it's, It's, Michael Cusick That's, They're, Michael Cusick Cusick Organizations: Service, Tesla, Chevy Silverado, Asheville —, Asheville, Gov, Associated Press, Business Locations: Carolina, Hurricane, Asheville , North Carolina, Rivian, Asheville, Pisgah National Forest, North Carolina, St, Augustine , Florida, Buncombe County, Virginia, Atlanta

☆ Patient Disney shareholders get some good news: The dividend is coming back
▼ + stars: | 2023-11-09 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

For the first time since 2020, Disney is planning to resume paying a dividend to shareholders as the media giant continues its turnaround amid historic industry shifts . "To that end, we will be recommending to the board that they declare a dividend by the end of this calendar year." Activist investor Nelson Peltz's Trian Fund Management, with $2.5 billion of Disney shares , has voiced his concerns about the elimination of dividends. Trian hasn't made a public statement since it ended its last activist campaign against Disney in January. Morgan Stanley said it looks forward to such a move, noting that Disney also suggested a return to share repurchases.

Persons: Kevin Lansberry, Nelson Peltz's, Trian hasn't, Lansberry, Bernstein, Morgan Stanley, Disney, Philip Cusick, — CNBC's Michael Bloom Organizations: Disney, Fund Management, Wall Street, ESPN

☆ Forget about Nvidia. The big winner so far this quarter is a one-time Midwest phone company
▼ + stars: | 2023-09-01 | by ( Scott Schnipper | ) www.cnbc.com time to read: +2 min

Sure Nvidia , the leading artificial intelligence play, has rallied 17% in the third quarter. But little Chicago-based Telephone & Data Systems — the parent of U.S. Cellular, with a market value just 0.18% of Nvidia's — has far and away scored the biggest stock market gain this quarter, soaring 161%. That's the largest advance of all the stocks in the S & P 500, S & P Midcap 400 and S & P 600 small-cap indexes — combined. The other 17% of U.S. Cellular is publicly traded and has risen a similar amount to TDS this quarter. TDS NVDA,GOOGL,.SPX mountain 2023-06-30 Telephone & Data Systems vs Nvidia, Alphabet and S & P 500 since June 30, 2023 To say Telephone & Data Systems is marked by humble beginnings is an understatement.

Persons: —, FactSet, Leroy Carlson, JPMorgan's Philip Cusick, Cusick, Carlson, Michael Bloom Organizations: Big Tech, Nvidia, Data Systems, U.S . Cellular, Wall, TDS, U.S, Cellular, USM, Verizon, Mobile U.S Locations: Chicago, U.S, Wisconsin

☆ 'Our favorite name:' Why analysts are still bullish on Disney after latest earnings report
▼ + stars: | 2023-08-10 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Despite a mixed fiscal third-quarter report, Wall Street analysts are positive on Disney going forward. Morgan Stanley's Benjamin Swinburne maintained an overweight rating with a $105 per share price target, or 20% upside from Wednesday's close. JPMorgan's Philip Cusick similarly reiterated an overweight rating with a $125 per share price target on Disney, which implied upside of 43%. Goldman Sachs' Brett Feldman, meanwhile, has a buy rating on Disney stock with a price target of $128 per share, or 46% upside from Wednesday's close. Citi's Jason Bazinet reiterated a buy rating on Disney stock accompanied by a $125 per share price target.

Persons: Morgan Stanley's Benjamin Swinburne, Swinburne, JPMorgan's Philip Cusick, " Cusick, Goldman Sachs, Brett Feldman, Jessica Reif Ehrlich, Bob Iger's, Ehrlich, Jason Bazinet, Disney's, Michael Bloom Organizations: Wall Street, Disney, DIS, Media, ESPN . Bank of America, ESPN Bet

☆ Hollywood strike may soon turn destructive for media stock investors, analysts say
▼ + stars: | 2023-07-20 | by ( Alex Harring | ) www.cnbc.com time to read: +8 min

"We're getting to a point of being very destructive to the entertainment ecosystem," said Rosenblatt Securities analyst Barton Crockett. Bazinet said to expect the walkout to last into the fourth quarter, which would mean a writers' strike lasting between around 150 and 240 days and an actors' strike in a range of 70 and 160 days. The strikes could cost the film and TV industry about $150 million per week, Citigroup's Bazinet wrote, using inflation-adjusted data from the 1980 actors' strike. "The lasting impacts are: [it] makes the streamers stronger and the traditional media companies weaker," Crockett said. JPMorgan analyst David Karnovsky downgraded movie theatre chain Cinemark shares to neutral from overweight earlier this week, citing the strike.

Persons: We're, Barton Crockett, Jason Bazinet, Bazinet, Douglas Mitchelson, Mitchelson, Goldman Sachs, Brett Feldman, Philip Cusick, Cusick, Goldman's Feldman, Citigroup's Bazinet, Rosenblatt's Crockett, Crockett, Feldman, Barbie, Oppenheimer, Stephen Laszczyk, David Karnovsky, Karnovsky, — CNBC's Michael Bloom Organizations: Screen, – American Federation of Television, Radio Artists, Alliance, Television Producers, Writers Guild of America, Rosenblatt Securities, Media, AMC, Disney, Warner Bros, Discovery, Paramount, Netflix, UFC, Endeavor, WWE, SAG, Credit Suisse, JPMorgan, AMC Networks, WBD, Covid, Comcast, CNBC

Analysts at Citigroup and JPMorgan both lowered their recommendations on AT&T shares in recent days. The shares hit a low of $13.68 in Monday's session, the lowest since March 1993. "We have not seen, nor have regulators identified, evidence that legacy lead-sheathed telecom cables are a leading cause of lead exposure or the cause of a public health issue,” a U.S. Telecoms spokesperson said in a statement. Shares of Verizon were also down on Monday, falling 5.5% to $32.14, a nearly 13-year low. Reporting by Chibuike Oguh in New York; Editing by Lance Tupper and Deepa BabingtonOur Standards: The Thomson Reuters Trust Principles.

Persons: Michael Rollins, Rollins, ”, Philip Cusick, Michael Hodel, Chibuike Oguh, Lance Tupper, Deepa Babington Organizations: YORK, T Inc, U.S, Verizon, Citigroup, JPMorgan, U.S ., Citi, U.S . Telecom, Morningstar, Thomson Locations: U.S, New York

☆ JPMorgan downgrades this telecom stock, says competition can hamper a rebound
▼ + stars: | 2023-07-14 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Analyst Philip Cusick downgraded the telecommunication stock to neutral from overweight and lowered his price target by $5 to $17. Still, his price target implies shares could rally 12.4% in the next year. AT & T is likely facing more pressure in its mobility business from Verizon, T-Mobile and cable providers as the postpaid phone business normalizes. The consumer wireless is also seeing increased competition from cable and fixed wireless access providers, Cusick said. When looking at other service providers, Cusick said he likes T-Mobile given its strong financials, improving subscriber and free cash flow numbers and share buyback opportunities.

Persons: Philip Cusick, Cusick, — CNBC's Michael Bloom Organizations: JPMorgan, Verizon, Mobile, Street, Comcast, CNBC

☆ CNBC Daily Open: Markets lacked conviction
▼ + stars: | 2023-05-15 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Markets lacked conviction, while the debate over the U.S. debt ceiling remained roiled by passionate intensity. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Markets lacked conviction, while the debate over the U.S. debt ceiling remained roiled by passionate intensity, to borrow the words of Irish poet W. B. Yeats. Subscribe here to get this report sent directly to your inbox each morning before markets open.

☆ CNBC Daily Open: Markets’ ‘lack of conviction’
▼ + stars: | 2023-05-15 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

☆ Amazon Union President Chris Smalls Seen Fighting Worker in Video
▼ + stars: | 2023-04-12 | by ( Katherine Long | Jack Newsham | ) www.businessinsider.com time to read: +27 min

On the night of December 5, the president of the Amazon Labor Union pummeled another union member. Some longtime Amazon Labor Union organizers decided to begin organizing on their own, without Smalls. All three said they believe in Smalls' mission and support the goals of the Amazon Labor Union, but worry about Smalls' ability to lead. Amazon Labor Union members consoled each other after the union lost the vote at its second warehouse, LDJ5, last April. One purpose of the organization appears to be to raise funds for the Amazon Labor Union, according to its certificate of incorporation.

☆ JPMorgan says Disney can surge 20% this year as streaming losses ease
▼ + stars: | 2023-02-13 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

It's time for investors to consider buying Disney after the media giant's latest quarterly results , according to JPMorgan. Analyst Philip Cusick resumed coverage of Disney with an overweight rating, and a December 2023 price target of $135 that implies shares could advance more than 20% through year-end. "For F2023 we now model year-over-year total company revenue and segment operating income growth of 9.9% and 7.8% vs. F2022. We model the return of a $1/share dividend in F2024," Cusick wrote. Disney shares have jumped 24% in 2023, after falling more than 43% in 2022 and roughly 14% in 2021.

Peter Karas / NorthJersey.com / USA Today NetworkIn addition to Cusick's case, he also confessed to four other Long Island slayings, officials said. “Today is one is one the most emotional days we've ever had the Nassau County District Attorney’s Office,” District Attorney Anne Donnelly told reporters in Mineola. He's been dubbed the "Torso Killer" due to the savage manner he maimed some of his victims. Cottingham had also been called the “Times Square Killer" for murders he committed in New York City. “These are the five we could be sure that he committed," Donnelly said.

☆ JPMorgan breaks from rest of Wall Street, says don't chase Disney shares here
▼ + stars: | 2022-11-21 | by ( Jesse Pound | ) www.cnbc.com time to read: +1 min

Disney's stock may be getting ahead of itself after the return of legendary CEO Bob Iger, according to JPMorgan. Shares of the media giant rallied after the Sunday night announcement that Iger was replacing Bob Chapek , his former successor. Wall Street analysts largely cheered the move, with MoffettNathanson upgrading Disney to outperform from market perform . "We like Disney shares long-term, and advised to buy the recent selloff on the numbers flush, but are reluctant to recommend chasing shares here (currently up ~8%). JPMorgan still has an overweight rating and a price target of $135 per share for Disney.

☆ Wall Street cuts Disney targets on earnings miss but sees the company as a long-term winner
▼ + stars: | 2022-11-09 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +3 min

While a slew of analysts lowered their price targets and future expectations for Disney earnings, many remained bullish on the company, insisting that it's poised to be a winner in the future of streaming. " The firm kept its buy rating on shares but lowered its price target to $122 from $135. Shares of Disney have shed about 35% year to date. Until the division reaches profitability, there could be more pain for investors up to the turning point for the company. Barclays, which has a neutral rating on shares of Disney, sees shares falling further.

Search resuls for: "Cusick"

16 mentions found