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7:02 a.m.: JPMorgan hikes Roku price target Roku's focus on monetization for its Platform segment may spell good news for the stock. Analyst Cory Carpenter kept his overweight rating on the stock but upped his price target by $10 to $90. "We believe Lilly's launch of an obstructive sleep apnea (OSA) indication for its GLP-1 medication tirzepatide poses significant patient funnel disruption/distortion risks," the analyst wrote. Analyst Sara Senatore upped its price target by $6 to $118, which implies more than 22% upside from Tuesday's close. "Licensing China would also allow SBUX management to train its focus on the US (73% of 2023 EBITDA before corporate expenses)," the analyst wrote in a Wednesday note.

Persons: Goldman Sachs, Cory Carpenter, Carpenter, Roku, TTD, they've, — Sean Conlon, Wolfe, Resmed Wolfe, Mike, Eli Lilly, Sara Senatore, Senatore, Brian Niccol's, Lizzie Dove, Hilton, Dove, Adrienne Yih, Yih, Fred Imbert Organizations: CNBC, Marriott International, Barclays, Corp, JPMorgan, Google, Amazon, Bank of America, Marriott, Wyndham, Hilton, VF Corp Locations: Starbucks, China, Tuesday's, Timberland, VFC

☆ U.S. needs to rethink zoning to solve housing crisis, says KPMG's Diane Swonk
▼ + stars: | 2024-09-13 | 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 EmailU.S. needs to rethink zoning to solve housing crisis, says KPMG's Diane SwonkDiane Swonk, KPMG chief economist, joins CNBC to discuss why falling mortgage rates aren't spurring buying activity, outlooks on VP Harris' housing plan, and more.

Persons: Diane Swonk Diane Swonk, Harris Organizations: KPMG, CNBC

☆ A trade that wins if the drop in Chipotle after CEO jumps to Starbucks is overdone
▼ + stars: | 2024-08-13 | by ( Nishant Pant | ) www.cnbc.com time to read: +3 min

Chipotle Mexican Grill (CMG) shares are getting wrecked after its CEO Brian Niccol left to try and turn around Starbucks. With a positive outlook on CMG, I see this pre-market drop as an opportunity to invest in a company that seems almost recession-proof. The trade To initiate a bullish position on CMG, I plan to use a strategy known as a "bull call spread." This trade was written assuming Chipotle was trading around $51 a share. If CMG trades at or above the short strike by the expiration date, this trade could yield a return of 100% on the amount risked.

Persons: Brian Niccol, let's, Chipotle Organizations: Grill, CNBC, NBC UNIVERSAL Locations: Chipotle

☆ It will take 'an awful lot of good data' for the Fed to ease in September, says KPMG's Diane Swonk
▼ + stars: | 2024-06-20 | 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 EmailIt will take 'an awful lot of good data' for the Fed to ease in September, says KPMG's Diane SwonkLori Calvasina, RBC Capital Markets head of U.S. equity strategy, and Diane Swonk, KPMG chief economist, join 'Squawk on the Street' to discuss the thesis that the economy is normalizing along the lines of inflation, how the equity market is digesting macroeconomic news, and much more.

Persons: Diane Swonk Lori Calvasina, Diane Swonk Organizations: RBC Capital Markets, KPMG

☆ Here are Wednesday's biggest analyst calls: Nvidia, Meta, Tesla, Chipotle, Ferrari & more
▼ + stars: | 2024-05-22 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are Wednesday's biggest calls on Wall Street: Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it's sticking with its overweight rating on Tesla but says it's only a matter of time before others automakers begin to take advantage of AI also. Morgan Stanley reiterates Meta as overweight Morgan Stanley said that, as users adopt the company's Reels product it becomes a "monetization opportunity." Morgan Stanley reiterates Dell as a top pick Morgan Stanley said Dell remains a favorite name at the firm. Morgan Stanley reiterates McDonald's as overweight Morgan Stanley said it's standing by the fast-food chain. Morgan Stanley reiterates Ferrari as overweight Morgan Stanley said it's standing by its overweight rating on the automaker.

Persons: Morgan Stanley, Tesla, Piper Sandler, Piper, Meta, Dell, JMP, Oppenheimer, it's, Goldman Sachs, Goldman, Kraft Heinz, McDonald's, Rosenblatt, John Malone, Sportico, Morgan Stanley downgrades, Generac, Jefferies, Needham, Stryker, Ferrari, MSFT Organizations: GM, Ford, Nvidia, Blackwell, ODM, Lenovo, Dell, China Tech Hardware, Costco, " Bank of America, Bank of America, Kraft, Brunswick, UBS, Brunswick Corporation, Atlanta Braves Holdings, Deutsche Bank, Waste Management, Deutsche, Price, Jefferies, Prudential, Lincoln National, Microsoft, Garmin, of America Locations: Coinbase, Shopify

☆ The West can't completely isolate Russian banks because it would be disastrous beyond Russia
▼ + stars: | 2024-05-20 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

There's one major thing the West could, but won't, do: kill all Russian banks' access to the Society for Worldwide Interbank Financial Telecommunications, or SWIFT. 'Russia's economy is in deep, deep trouble'Despite the West's frustration with how Russia's economy still appears to be holding up, the sanctions appear to be finally working. "In five years, you're going see a really disastrous slowdown in the Russian economy," said Portes, who called for stronger sanctions enforcement. AdvertisementIn April 2022, Russia's central bank governor Elvira Nabiullina warned Russia's reserves can't last forever. "A significant problem is that they are running out of foreign exchange reserves, and you can't create foreign reserves," Portes added.

Persons: —, hasn't, SWIFT, Alex Capri, Richard Portes, Portes, Alexander Kolyandr, Elvira Nabiullina, Russia's Organizations: Service, West, Society, Worldwide Interbank Financial Telecommunications, Business, SWIFT, European Union, National University of Singapore, US Customs Service, London Business School, Carnegie Endowment, International Peace, Central Bank of Locations: Russia, Ukraine, Moscow, Russian, SWIFT, Capri, Asia Pacific, Europe, India, China, Central Bank of Russia, Russia's

☆ Taylor Swift abandoned UMG's fight, making the record label's argument against TikTok look weaker: report
▼ + stars: | 2024-04-13 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +3 min

Swift recently brought her music back to the platform after UMG pulled it in January due to an ongoing fight between the music publisher UMG and TikTok. This story is available exclusively to Business Insider subscribers. According to a report from The Wall Street Journal, Swift was initially on board with UMG's move. "Universal can't claim they're winning a fight Taylor doesn't want a part of," Bill Werde, the director of Syracuse University's music business program, told the Journal. UMG, TikTok, and a representative for Swift didn't respond to requests for comment from Business Insider sent outside regular business hours.

Persons: —, Taylor, Universal Music Group's, Swift, UMG, TikTok, Drake, Olivia Rodrigo, Beyoncé, UMG's, Swift's, they're, Taylor doesn't, Bill Werde Organizations: Service, Universal Music, Wall Street Journal, Business, Wall Street, Poet's Department, Syracuse, Business Insider

☆ Taylor Swift's return to TikTok shows even the world's biggest stars still need the app
▼ + stars: | 2024-04-12 | by ( Dan Whateley | ) www.businessinsider.com time to read: +4 min

Taylor Swift is back on TikTok despite a feud between the app and her label Universal Music Group. Swift's reemergence shows that even the world's biggest stars need TikTok to promote their work. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . UMG artists can still post videos on TikTok, but they can't use their own tracks, making it harder to push a new album. Related storiesSwift's return to TikTok shows that even the industry's biggest stars still need to use the app to help a new album take off.

Persons: Taylor Swift, Swift's, —, Drake, Olivia Rodrigo, Taylor, she's, Swift, TikTok, Chauncey Hollis Jr Organizations: Universal Music Group, Service, Universal, Poets Department, Business, Spotify, AMC, Bloomberg Locations: TikTok, Hollywood, Singapore, Australia

☆ Stocks trade near records, but chances are your portfolio isn’t sufficiently protected from a fall
▼ + stars: | 2024-03-26 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

For instance, the iShares MBS ETF (MBB) has a net expense ratio of 0.04% and a year-to-date total return of -1.24%. Vanguard's MBS ETF (VMBS) also carries an expense ratio of 0.04% and a total return of -1.08% in 2024. Stocks in developed markets have had the closest correlation with U.S. equities, while emerging markets equities are less correlated, the research firm found. ETFs that play on that theme include the Vanguard FTSE Emerging Markets ETF (VWO) , which has an expense ratio of 0.08%, and the iShares Core MSCI Emerging Markets ETF (IEMG) , with an expense ratio of 0.09%. VWO has a year-to-date total return of 1.33%, while IEMG's total return for the period is 1.6%.

Persons: Charles NeSmith, Morningstar, Andrew Herzog, Herzog, Cash, Amy Arnott, There's, NeSmith, VWO Organizations: Nasdaq, Communications, Financial, Mortgage, Investors, MBS, Morningstar, Commodities, Vanguard FTSE, Markets Locations: Plantation , Florida, Plano , Texas, U.S

☆ As Reddit goes public, advertisers say it needs to do more to prove it can boost their sales
▼ + stars: | 2024-03-21 | by ( Lara O'Reilly | Lauren Johnson | ) www.businessinsider.com time to read: +7 min

"Advertising on Reddit is rapidly evolving, and we are still in the early phases of growing this business," Reddit wrote in its IPO filing. The company said advertisers were attracted to Reddit due to its "high-intent" audience, much of which is hunting for product recommendations. And elsewhere, Reddit doesn't have the kind of e-commerce structure that Meta, TikTok, and Google have built, experts said. It has poached ad talent from companies like Pinterest and Meta to grow its ad business. Also last year, Jim Squires, a former longtime Meta ad exec, joined Reddit in a new role as EVP of business marketing and growth.

Persons: it's, Reddit, Reddit hasn't, Brad Kay, Reddit didn't, haven't, TikTok, Jerry Daykin, Daykin, Carly Carson, Reddit doesn't, Anthony Macro, Harold Klaje, Klaje, Jim Squires, Jeff MacDonald, That's, MacDonald, PMG's Carson Organizations: Google, Business, Brand, Meta, Beam Suntory, PPC, Reddit, YouTube Locations: Meta

☆ Taylor Swift's 'poor quality' merch and shipping delays has some fans calling for a boycott
▼ + stars: | 2024-02-22 | by ( Jordan Hart | ) www.businessinsider.com time to read: +5 min

Read previewTaylor Swift fans are a dedicated group, but complaints about the pop star's merch have some calling for a boycott in recent months. However, some fans on social media are calling out what they described as the poor quality of her merch and delayed shipping times. Instead of blaming Swift for the merch, many fans are looking at her record label Universal Music Group for the delays and poor quality. Another Redditor posted expectation vs. reality photos of a $40 "1989" tote bag ordered online. Others online called out the "poor quality" of the tote bag and said that it's nothing new for Swift's merch site.

Persons: —, Taylor Swift, Swifties, Pollstar, Swift, Redditor, subreddit, hadn't, Swift's, I'm, taylors, TeJDBDyfBj — Riley 🤍🖤 Organizations: Service, Business, Universal Music Group, tote

☆ TikTok's feud with Universal has music marketers shifting campaigns to Instagram reels while some see an opportunity to plug other artists
▼ + stars: | 2024-02-13 | by ( Dan Whateley | Amanda Perelli | ) www.businessinsider.com time to read: +4 min

But for music marketers tasked with helping artists and new releases go viral on social media, the show must go on. Others are encouraging creators and performers to use unofficial, user-uploaded versions of UMG artists' songs in TikTok videos. Other marketers have similarly shifted promotional efforts from TikTok to reels for UMG songs. Still, even without UMG artists' songs, TikTok remains a critical part of the song-marketing playbook, music marketers told BI. Some marketers are asking creators to swap in these unofficial tracks into muted videos to promote the UMG artists, several of the music marketers said.

Persons: TikTok, Olivia Rodrigo, Taylor Swift, they've, Simon Friend, Timothy Collins, Benjamin Ingrosso's, Benjamin, Collins, Friend Organizations: Universal Music, Business, Round, BI, Creed Media, Universal Music Group, TikTok

☆ I drove the hottest Chinese EV in Europe — and America is definitely missing out
▼ + stars: | 2024-02-07 | by ( Alex Goy | ) www.businessinsider.com time to read: +7 min

(And in other places, like North America, the MG brand is known for tiny vintage sports cars and little else.) The 2024 MG MG4 XPower. Alex GoyMG decided to send me the MG4 XPower, the fastest one you can get, as I am a hooligan. The interior of the MG MG4 XPower. Driving the MG MG4 XPower on the road.

Persons: It's, MG4 XPower, Alex Goy MG, you'd, there's, XPower, Alex Goy, Apple CarPlay, Uber, MG's, it's Organizations: Service, SAIC, TF, Business, MG4, Audi, EV, MG Locations: North America, United Kingdom, it's, Europe, It's, America, London

☆ Indie musicians are celebrating UMG's decision to pull its music off TikTok: 'It's our time to shine baby'
▼ + stars: | 2024-02-06 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +4 min

In the days since Universal Music Group pulled its music off TikTok, countless videos on the platform have suddenly been muted. And many independent artists are realizing this might be their moment to shine. AdvertisementNow, many indie music artists are jumping on the opportunity to maximize their exposure. As Emily Zeck, an indie country musician with 2.5 million TikTok followers, wrote on a recent video caption, "It's our time to shine baby." The song has over 20 million streams on Spotify and has been reused in 1.1 million TikTok videos.

Persons: Taylor Swift, UMG, Emily Zeck, TikTok, Shane Niemi, Niemi, Ktlyn, Rebecca Rea, Rea, Lilith Max, Houston who's, ", Max Organizations: Universal Music Group, TikTok, Spotify, UMG Locations: San Diego, Dallas Fort Worth, TikTok

☆ Forget Taylor Swift and Bad Bunny — TikTokers are now dancing to royalty-free music
▼ + stars: | 2024-02-05 | by ( Amanda Goh | ) www.businessinsider.com time to read: +4 min

If you open TikTok today, you might well be greeted with creators dancing to royalty-free music instead of your favorite tunes from artists like Taylor Swift or Bad Bunny. The move has resulted in a whole archive of "muted" TikTok videos, and even the UMG artists themselves aren't safe. Some TikTok creators are already responding to UMG's move by filming themselves dancing to songs in the public domain. I'm glad they are far in the past because I look awkward mouthing and dancing to no music," Romano said. "I would say 75% of my videos would contain UMG music," Romano said.

Persons: Taylor Swift, That's, Justin Bieber, Bieber, Kevin MacLeod, Kristen Wiig, Will Ferrell, Sophia Romano, Romano, UMG, Brian Gabriel, Gabriel, Nikalas Anderson, Anderson, Für Elise, Wendy Ly, Swift's Organizations: Universal Music Group, UMG, Globes, BI Locations: NYC, Los Angeles, Japan

☆ Megan Thee Stallion and Warner Music Group sign 'innovative' new agreement that enables her to stay independent while working with the company's resources
▼ + stars: | 2024-02-02 | by ( John Lynch | ) www.businessinsider.com time to read: +4 min

Read previewMegan Thee Stallion and Warner Music Group (WMG) signed a new agreement on Friday, Business Insider has learned. In this agreement, the three-time, Grammy-winning artist will release music through Hot Girl Productions — her independent music and entertainment entity — and simultaneously work with Warner Music and its international affiliates. AdvertisementFollowing the settlement, Megan released two independent singles, "Cobra" and "Hiss," the latter of which stands at No. "This new chapter with Warner Music Group will shift the landscape in the music industry and empower other independent artists to follow in her footsteps and claim their power. It's also a testament to Max's ability to reimagine the relationships that major music companies can engage in with independent artists."

Persons: —, Megan Thee, Megan, Hiss, Max Lousada, Jay, Meg, Desiree Perez, It's Organizations: Service, Megan Thee Stallion, Warner Music Group, Houston, Business, Warner Music, Entertainment, Apple Music's, WMG, Warner

As of early Thursday, a vast roster of popular songs were disappearing from the social media platform's library. The complete removal of UMG-licensed music will likely take a few days — but chances are, avid TikTokers are already seeing the effects. Artists will also not be able to post the audio of their UMG-licensed songs on TikTok. “It is sad and disappointing that Universal Music Group has put their own greed above the interests of their artists and songwriters,” TikTok said. Mall stressed the overall consequences of pulling music from social media platforms like TikTok — particularly for younger developing artists.

Persons: —, Taylor Swift, Bunny, Drake —, TikTok, UMG, ”, Andrew Mall, Ariana Grande, Justin Bieber, Billie Eilish, ” UMG, ” TikTok, we're, “, UMG's Virgin EMI Records Ted Cockle, Cockle, Alexandra J, Roberts, SZA, Drake, Billie Eilish —, Jessica Henig, it's, Henig, Michelle Chapman Organizations: Universal, Group, Associated Press, “ Universal, Northeastern University, UMG, Universal Music, UMG's Virgin EMI Records, Music Management, ”, Associated, Virgin EMI, AP Locations: UMG, New York

☆ Taylor Swift songs removed from TikTok after her label UMG's spat with the app
▼ + stars: | 2024-02-01 | by ( Arjun Kharpal | ) www.cnbc.com time to read: 1 min

Taylor Swift performs onstage at Lumen Field in Seattle on July 22, 2023. Music by artists including Taylor Swift and Drake was no longer available on TikTok when CNBC checked on Thursday morning. A licensing agreement between UMG and TikTok, which is owned by Chinese tech giant ByteDance, expired on Wednesday. UMG alleged TikTok proposed paying its artists and songwriters "at a rate that is a fraction of the rate that similarly situated major social platforms pay." The music label also alleged TikTok is allowing its platform to be "flooded with AI-generated recordings."

Persons: Taylor Swift, Lumen, Drake, UMG, TikTok Organizations: Universal Music Group, CNBC Locations: Seattle, UMG

☆ Inside TikTok's fight against the most powerful music label in the industry and what could happen next
▼ + stars: | 2024-01-31 | by ( Dan Whateley | ) www.businessinsider.com time to read: +6 min

Music licensing talks are heating up between TikTok and Universal Music Group as negotiations have left the conference room and entered the public sphere. "Their core mission is to generate as much money as they can from their recordings for their shareholders," David Herlihy, a copyright lawyer and music industry professor at Northeastern University, told BI. The company is in the process of launching a dedicated streaming app, TikTok Music, and has worked closely with artists on influencer listening parties, livestreams, and in-person events. But TikTok, as a global social giant, is an important product for music artists and labels. This is why the music industry is seeking to capture more value."

Persons: Taylor Swift, Ariana Grande, TikTok, It's, David Herlihy, David, Goliath, UMG, Tatiana Cirisano, Jonny Kaps, MIDiA's Cirisano Organizations: TikTok, Universal Music Group, Business, Hollywood, Warner Music Group, Sony Music Entertainment, Northeastern University, Music, MIDiA Research, YouTube, Universal, SiriusXM Locations: India, Australia

☆ TikTok is about to find out if it can survive without Taylor Swift and Ice Spice
▼ + stars: | 2024-01-31 | by ( Hannah Getahun | Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Universal Music Group said it could not reach a deal with TikTok to license its music. The label says TikTok pays a "fraction of the rate" that other platforms do for licensing. The current contract between UMG and TikTok expires Wednesday, per the letter. 2", Ice Spice's "In Ha Mood," and Taylor Swift's "Cruel Summer" are a part of the label's catalog. "TikTok has been able to reach 'artist-first' agreements with every other label and publisher," TikTok told Business Insider.

Persons: UMG, TikTok, —, Taylor Swift, Drake, Olivia Rodrigo, Beyonce, Doja, Taylor, Shou Zi, Chew Organizations: Universal Music Group, Service, UMG, Business Locations: UMG, TikTok, China

☆ KPMG's Diane Swonk: Expect four rate cuts in 2024
▼ + stars: | 2024-01-26 | 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 EmailKPMG's Diane Swonk: Expect four rate cuts in 2024Diane Swonk, KPMG chief economist, joins 'The Exchange' to discuss cooling inflation, timeline for rate cuts, and more.

Persons: Diane Swonk Organizations: KPMG

☆ We are only done with rate hikes if the bond market doesn't rally too much: KPMG's Diane Swonk
▼ + stars: | 2023-11-27 | 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 EmailWe are only done with rate hikes if the bond market doesn't rally too much: KPMG's Diane SwonkDiane Swonk, chief economist at KPMG, joins 'Squawk on the Street' to discuss what's keeping the market in a good mood, whether the Federal Reserve still has work to do, and more.

Persons: Diane Swonk Diane Swonk Organizations: KPMG, Federal Reserve

LONDON, Nov 23 (Reuters) - Chilean copper miner Antofagasta (ANTO.L) last week inked the first major 2024 concentrates supply deal with China's Jinchuan Group. Indeed, it's far from certain there will be a single benchmark for next year due to a shifting copper concentrates landscape. Annual "benchmark" copper smelter treatment chargesSPLIT BENCHMARK? Other members of China's Copper Smelters Purchase Team, a grouping of the country's biggest players, have rejected Jinchuan's terms as a benchmark. Its new Manyar copper smelter will start ramping up from May.

Persons: Freeport, Chen Yunian, Jinchuan, it's, Jan Harvey Organizations: China's Jinchuan, TC, Freeport McMoRan, HK, Study, China's, Copper, Reuters, Thomson Locations: Antofagasta, Jinchuan, Freeport, Indonesia, Panama, Peru, Chile, China, Jiangxi, Canada, Botswana

☆ Union strike underway at MMG's Las Bambas copper mine in Peru
▼ + stars: | 2023-11-20 | by ( ) www.reuters.com time to read: +1 min

The Las Bambas copper mine is pictured in Apurimac, Peru May 9, 2022. REUTERS/Angela Ponce/File Photo Acquire Licensing RightsLIMA, Nov 20 (Reuters) - A multi-day strike is underway at the Chinese-owned Las Bambas copper mine in Peru, the leader of the workers union said on Monday, as part of its demands to improve profit sharing protocols. Erick Ramos, general secretary of the Las Bambas workers union, told Reuters by telephone that the union is considering an indefinite strike from Nov. 28 if the company does not meet its demands. Las Bambas, which began operations in 2016 and is owned by China's MMG Ltd (1208.HK), is one of the largest copper producers in Peru, the world's second largest producer of the metal. A source close to the Las Bambas mine said earlier on Monday that the protest began on Sunday and that the strike was being "partially and peacefully" adhered to.

Persons: Angela Ponce, Erick Ramos, China's MMG, Ramos, Marco Aquino, Isabel Woodford, Louise Heavens, Kirsten Donovan Organizations: REUTERS, Rights, Reuters, China's, HK, Ministry of Labor, Thomson Locations: Apurimac, Peru

☆ We could see wages pick up again by the end of the year, says KPMG's Diane Swonk
▼ + stars: | 2023-11-03 | 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 EmailWe could see wages pick up again by the end of the year, says KPMG's Diane SwonkDiane Swonk, chief economist at KPMG, and CNBC's Steve Liesman join 'The Exchange' to discuss October's job report, whether the Fed will raise rates in 2024, and more.

Persons: Diane Swonk Diane Swonk, Steve Liesman Organizations: KPMG

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