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☆ Loads of analysts cut their price targets on these 10 stocks ahead of earnings
▼ + stars: | 2024-04-18 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Analysts have lowered their expectations on several global stocks this week by cutting their price targets. The list of stocks includes auto stocks Tesla , Rivian and Aptiv , pharmaceutical firms Biogen and Novartis , energy companies EQT Corp and TotalEnergies , airline Deutsche Lufthansa and aerospace firm Boeing , and fast food giant McDonald's . The price target changes come ahead of the next earnings season covering the first quarter of this year. CNBC Pro screened for global stocks in the MSCI World index that have received price target downgrades over the past seven days and are yet to report earnings. Tesla Wall Street analysts from 15 firms downgraded their 12-month price targets for Tesla over the past week.

Persons: Elon Musk, Tesla's, Tesla, Stifel Nicholas, Johannes Braun, Marc Zeck, Samantha Subin, Michael Bloom Organizations: Novartis, EQT Corp, Deutsche Lufthansa, Boeing, CNBC Pro, Barclays, Lufthansa Locations: Stifel

☆ Asia markets mixed after S&P and Nasdaq fall for fourth straight day
▼ + stars: | 2024-04-18 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Asia-Pacific markets were mixed on Thursday, following Wall Street's overnight losses which saw the S&P 500 and the Nasdaq Composite fall for a fourth straight day. Tech stocks led markets lower as artificial intelligence darling Nvidia fell nearly 4%, joined by Netflix , Meta , Apple and Microsoft . Tech was the worst-performing S&P 500 sector, falling 1.7%. Investors are "trimming some of the high fliers," said Kevin Gordon, senior investment strategist at Charles Schwab. Investors in Asia will assess Australia's unemployment rate, which is one of the metrics the country's central bank weighs when considering monetary policy.

Persons: Kevin Gordon, Charles Schwab Organizations: Nasdaq, Tech, Netflix, Meta, Apple, Microsoft Locations: Asia, Pacific

Luxury trains in India date back to its colonial era, when opulent carriages transported dignitaries, officials and royalty. Without the money to maintain them, India's luxury rail carriages were abandoned. Blending historical elegance with modern comforts, these trains are a glimpse into India's regal past. A peek inside a dining car and a cabin show the ornate details on board India's Palace on Wheels train. Indian food served in one of the dining cars on board the luxury Maharajas' Express.

Persons: —, Sergi Reboredo Organizations: Railways, Local, The Times, Vw, Getty Locations: India, Delhi, Jaipur, Agra, Rajasthan, India Price, South India, Mysore, Bengaluru, Mumbai, Delhi Price

☆ Take a ride inside Ehang's fully autonomous, two-seater air taxi
▼ + stars: | 2024-04-18 | by ( Arjun Kharpal | Cristy Garratt | ) www.cnbc.com time to read: +1 min

About an hour's drive from the company's headquarters in Guangzhou, China, sits a test site for Ehang's autonomous aerial vehicles. Perched on the tarmac during CNBC's visit was the company's fully autonomous, two-seater air taxi. Its scheduling system runs on the server, so its route is automatically loaded, and then it carries out a completely automated route flight." Because of this other aircraft, we also need to build a vertical take-off and landing flight site between cities," Wang said. Take a tour of the EH216 and watch its test flight by clicking the video above.

Persons: Dong Wang, Ehang, AAV, Wang Organizations: CNBC Tech, Civil Aviation Administration, Federal Aviation Administration Locations: Guangzhou, China, United States

☆ Goldman Sachs names 4 global defense stocks to watch as geopolitical risks rise
▼ + stars: | 2024-04-18 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +2 min

Several countries have been beefing up their defense budgets in light of mounting geopolitical tensions, and Goldman Sachs has named several European stocks to play the theme right now. European defense stocks "have closely tracked super-cycles and are now "trading at peak multiples (20x 12-month forward price-to-earnings) vs history," which translates to a 45% premium to the benchmark Stoxx 600 index , the bank's analysts noted. Stocks Goldman's analysts said they "increasingly favour stocks exposed to long-term secular growth themes with superior visibility on growth." Other stocks with an exposure to the defense industry on Goldman's buy-rated list include aerospace names Rolls-Royce Holdings (also on its "conviction list") and Airbus . The bank has increased its 12-month price target on the stock by close to 60% to 606 euros, giving it nearly 13.4% upside potential.

Persons: Goldman Sachs, Victor Allard, Goldman, — CNBC's Michael Bloom Organizations: Stocks, Thales, Royce Holdings, Airbus, Rheinmetall

☆ Their partially sighted cat went missing on a flight. Weeks later they still don’t know what happened to it
▼ + stars: | 2024-04-17 | by ( Julia Buckley | ) edition.cnn.com time to read: +11 min

That’s what happened to Alyssa Kopp and her mother Mary Gomes Kopp when their cat Rodri went missing on a flight in Europe on March 8. ‘She was so grateful’Alyssa Kopp and her mother Mary Gomes Kopp rescue stray animals on Crete. Gomes Kopp and her husband, Alyssa’s stepfather, are German but have a home on the Greek island of Crete. They had been adopted by a German family, and Gomes Kopp had offered to bring them over. Gomes Kopp was allowed into an aircraft loading area one time, but has not been allowed back since.

Persons: CNN —, they’ve, Alyssa Kopp, Mary Gomes Kopp, Rodri, Gomes Kopp, Alyssa’s, ”, Kopp, “, it’d, ” Rodri, Alyssa, Alyssa Kopp Rodri, we’d, ” Kopp, –, ‘, Nicolas Economou, Goldair, ‘ Rodri, ’ Gomes Kopp, “ It’s Organizations: CNN, Aegean Airlines, Rodri, Airlines, Staff, Athens International, Iberia, Naia, Tenerife Locations: Europe, Aegean, Crete, It’s, Germany, Munich, Chania, Athens, –, “, Greece, Iberia, Spain, Madrid

☆ Live updates: Israel weighs response to Iran attack, US will impose new sanctions on Tehran
▼ + stars: | 2024-04-17 | by ( Kathleen Magramo | ) edition.cnn.com time to read: 1 min

The United States will impose new sanctions targeting Tehran after Iran's large-scale attack on Israel over the weekend, according to National Security Adviser Jake Sullivan. Most of the 300 ballistic projectiles, the majority of which are believed to have been launched from inside of Iran’s territory, were intercepted by Israel and its allies. Iran said it attacked Israel in retaliation for an Israeli strike on its diplomatic compound in Syria. US Treasury Secretary Janet Yellen said the Biden administration would use sanctions “to continue disrupting the Iranian regime’s malign and destabilizing activity.”Here are the latest developments in the region:

Persons: Jake Sullivan, Janet Yellen, Biden Organizations: National Locations: States, Tehran, Israel, Iran, Syria

☆ Comcast launches prepaid and month-to-month internet and phone plans
▼ + stars: | 2024-04-17 | by ( Laya Neelakandan | ) www.cnbc.com time to read: +2 min

Comcast announced Wednesday that it is launching a prepaid and month-to-month low-cost internet and phone plan program called NOW. The new plan is designed to be simple for customers to opt into or cancel at any time using Xfinity and unlimited 5G. NOW TV, which offers Xfinity internet customers on-demand and live streaming from more than 40 networks for $20 per month. The NOW program supplements Comcast's long-standing low-income internet option, called Internet Essentials, which packages 50 Mbps for $9.95 per month. Comcast has been experiencing a lack of broadband growth over the past year, reporting net broadband losses in multiple quarters.

Persons: Dave Watson, we've, Watson Organizations: Comcast, NOW Mobile, CNBC

☆ Art dealing can be a tricky business. Insiders share the ins and outs of their 'unusual' world
▼ + stars: | 2024-04-17 | by ( Lucy Handley | In | ) www.cnbc.com time to read: +5 min

After a degree in fine art, Lambert imagined he would become an art teacher, but a chance meeting with an art dealer who hired him as an assistant set him on a different path. Then, after a stint at another dealership, he opened his own gallery in September — Lambert Fine Art — in the British town of Stratford-upon-Avon. Dealing in art is a trade Lambert described as "unusual," because art is often a purchase driven by emotion rather than need. 'The business needs new blood'The world of art dealing can be intimidating to new entrants, according to Olya Johnson, an interior architect and co-founder of art and interiors business Relic, which she set up in 2023. Risks of dealing artThe occupation can also be risky, because dealers often own multiple pieces of art without knowing when they will be sold, according to the dealers CNBC spoke to.

Persons: —, Mark Lambert, Andy Warhol, Pablo Picasso, Claude Monet, Lambert, …, — Lambert, " Lambert, Olya Johnson, Johnson, Rasid, Relic, Colefax, Fowler, Natalie Vosloo, it's, Tom Rooth, Jack Roberts, I've, Roberts, David Hockney, Jeff Koons, Damien Hirst, Banksy, Shannon Finney Organizations: Art, CNBC, — Lambert Fine Art, Fair, Anadolu, Getty, Washington , DC Locations: Stratford, Avon, London, Battersea Park, Washington ,

☆ Mickey, Minnie, Donald and Goofy file for union vote at Disneyland
▼ + stars: | 2024-04-17 | by ( Chris Isidore | Natasha Chen | ) edition.cnn.com time to read: +7 min

The group had announced a union organizing effort in February, but very often such campaigns fall short of filing to hold a vote. Union organizing efforts have picked up in the last year, especially in the wake of a number of high profile contract wins by unions that provided union members with large pay raises. There are more than 21,000 Disneyland “cast member” employees, who are represented by more than a dozen unions. But it doesn’t include the performers who dress up as characters such as Mickey and Minnie Mouse, Donald Duck and Goofy and interact with visitors. Vo said it’s difficult for cast members to afford living on their own, and many have roommates.

Persons: “, ”, Kate Shindle, Mickey, Minnie Mouse, Donald Duck, Disney, Mai Vo, Vo, Zach Elefante, Elefante Organizations: California CNN, Actor’s Equity Association, National Labor Relations Board, Disneyland, Disney, Union, Workers, CNN, showtime, Magic Kingdom Locations: Anaheim, California, Los Angeles, Orlando , Florida, Orlando, Southern California, Vo

☆ A California franchisee says he's reducing staffing, raising prices, and mulling kiosks to cover the $20 wage. Closing stores is a last resort.
▼ + stars: | 2024-04-17 | by ( Grace Dean | ) www.businessinsider.com time to read: +5 min

A franchisee told BI how he's trying to absorb California's $20 minimum wage for fast-food workers. "Right now I'm trying to size what the true impact will be," he said. But the higher minimum wage has meant that Hom's more experienced workers have also got a boost. He declined to say how much he paid them, but noted that it was "significantly higher than the minimum wage." Some franchisees of Pizza Hut and Round Table Pizza have laid off all their delivery drivers, believed to be because of the $20 wage.

Persons: he's, —, Brian Hom, I'm, Hom, He's, they're, Roy Gilad Organizations: Service, Burger King, Energy Locations: San Jose, California, smoothie, —, Pizza

☆ Barclays says Tesla's latest quarter will miss estimates and pressure Musk to deliver plan on earnings call
▼ + stars: | 2024-04-17 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Pressure is mounting on Elon Musk to turn the wheel of his embattled electric vehicle company when it reports first-quarter earnings, according to Barclays. The comments from Barclays come amid a rocky start to 2024 for the largest U.S. electric vehicle maker. Levy expects Austin, Texas-based Tesla to miss Wall Street expectations and report gross profit margins below consensus estimates in reporting results next week. "While investors will enter the call with significant questions on Tesla's strategy, we believe many of these questions may be unanswered," Levy wrote. "And with significant uncertainty remaining on the investment thesis, it could lead investors to capitulate."

Persons: Elon Musk, Tesla's, Tesla, Dan Levy, Levy Organizations: Elon, Barclays, U.S, Tesla Locations: China, Austin , Texas

☆ Nike shares may be forming a triple bottom. How to bet on a comeback using options
▼ + stars: | 2024-04-17 | by ( Tony Zhang | ) www.cnbc.com time to read: +2 min

Nike has underperformed the market and its sector since mid-2021, but recently growth expectations from analysts have bottomed. With China's growth showing signs of a rebound and valuation near its historical low, it could be time for a comeback. We'll discuss how to set up an options trade to bet on a turnaround. Nike (NKE) has formed a triple bottom at the $90 support level over the past 3 years and recently it just bounced higher off this support. I'm going out to the June expiration to buy the $92.5/$100 call vertical at a $2.99 Debit.

Persons: We'll, I'm Organizations: Nike, Paris Olympics Locations: China

☆ This little-known stock is one of the few making new highs. The charts signal it can keep going
▼ + stars: | 2024-04-17 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +3 min

On Tuesday, 267 S & P 500 stocks made new 20-day lows. Only one S & P 500 component made a new 20-day high. As is clear, the stock has broken out of one bullish pattern (blue) and is trying to trigger another one (green). Lastly, VLTO's former parent company, DHR, has underperformed both the S & P 500 and the industrials sector since it topped in 2021. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: it's, VLTO, It's, Frank Cappelleri

☆ Eli Lilly’s weight loss drug Zepbound shows promise as a sleep apnea treatment in late-stage trials
▼ + stars: | 2024-04-17 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +2 min

An injection pen of Zepbound, Eli Lilly’s weight loss drug, is displayed in New York City, U.S., December 11, 2023. Eli Lilly on Wednesday said its highly popular weight loss drug Zepbound showed the potential to treat patients with the most common sleep-related breathing disorder in two late-stage clinical trials. Zepbound was more effective than a placebo at reducing the severity of obstructive sleep apnea, or OSA, in patients with obesity after a year, according to preliminary data from both trials. Eli Lilly previously announced that the FDA granted Zepbound "fast track designation" for patients with moderate-to-severe OSA and obesity. Zepbound has slipped into shortages since receiving approval in the U.S. for weight management in November.

Persons: Eli Lilly’s, Eli Lilly, Zepbound, Dr, Jeff Emmick, Eli Lilly's Organizations: U.S . Food, Drug Administration, FDA, OSA Locations: New York City, U.S

☆ Health VC firm SpringTide Ventures just closed its second $65 million fund. Here's what a startup needs to get its backing.
▼ + stars: | 2024-04-17 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +5 min

Read previewAustin Walters started SpringTide Ventures in 2018 to disrupt healthcare by democratizing access to health innovations. The firm just closed its second $65 million fund to make more of those bets. A tough fundraising environmentAfter closing on its first $20 million fund, which the firm began investing out of in 2019, SpringTide originally set a $100 million target in 2021 for its second fund, Walters said. SpringTide picks a different focus area each time — most recently, home health, where the firm has invested in companies like family primary care startup Nest Health. By solving significant problems with advanced technologies, these companies have natural competitive advantages that allow them to drive outsize returns for the firm, Walters said.

Persons: —, Austin Walters, Walters, Henry Ford, We're, SpringTide, Justin Hackworth Photgraphy SpringTide, OpenLoop, outsize, SpringTidew hasn't, " Walters Organizations: Service, SpringTide Ventures, Tiger Global, Sonic Healthcare, Business, Health, Ally Bank, Troomi Wireless Locations: Boston, San Francisco, Salt Lake City, New York

☆ China's BYD fires up its car offerings to compete with Tesla and Jeep at the same time
▼ + stars: | 2024-04-17 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

BYD unveiled three new cars for its Fang Cheng Bao brand on April 16, 2024, in Shenzhen. SHENZHEN – Chinese electric car company BYD is rapidly expanding its lineup to include vehicles that compete with traditional automakers in the mass market, Tesla on the premium end and Jeep in the off-road segment. BYD on Tuesday unveiled three new cars for its Fang Cheng Bao brand: an off-road "Leopard 8" SUV, a "Super 3" SUV geared toward city driving and a "Super 9" sports car. BYD launched its Fang Cheng Bao brand last summer with a focus on "personalized needs of consumers," particularly in off-road vehicles and sports cars. The brand's first vehicle, a hybrid-powered off-road SUV called "Leopard 5," launched in November with a starting price of about 290,000 yuan ($40,845).

Persons: BYD, Fang Cheng Bao, Tesla Organizations: BYD Locations: Shenzhen, SHENZHEN, Beijing

HONG KONG CNN —India is set to vote in the world’s largest ever general election, setting the stage for a mammoth exercise in democracy with nearly a billion people eligible to head to the polls across just over six weeks. Here is a look at how the world’s most populous country votes in the world’s largest democracy. The number of women registered to vote has increased by 40 million since the previous election in 2019, according to the election commission, while more than 20 million voters between ages 18-29 have been added to the electorate. Voting begins on Friday, April 19, and will continue through June 1, with results announced on June 4. This operation requires some 15 million polling officials and security staff during the election, with some of these election workers traveling via road, boat, camel, train, and helicopters to reach India’s citizens.

Persons: Narendra Modi Organizations: HONG KONG CNN —, European Union Locations: HONG KONG, HONG KONG CNN — India, North America, Lok, Uttar Pradesh, Bihar, West Bengal, India’s

☆ Biden's new student-loan forgiveness plan just began its 30-day public comment period — and anyone can tell the administration what they think of the relief
▼ + stars: | 2024-04-17 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

It's the next step in implementing a broader version of debt relief for borrowers. Comments can be submitted to the Federal Register here, which the Education Department will then review. While lawsuits have yet to be formally filed against Biden's administration, Missouri's Attorney General Andrew Bailey wrote on X in response to Biden's relief proposals: "See you in court." And some experts said a conservative Supreme Court could likely rule like they did with Biden's first debt relief plan, striking it down. Following the public comment period, the Education Department will review comments and could choose to adjust their proposals based on the feedback they receive.

Persons: —, Joe Biden, Education James Kvaal, Andrew Bailey, Biden's, Cary Coglianese, it's, It's Organizations: Service, Education Department, Federal, Higher, Department, Education, Business, University of Pennsylvania

☆ Nine People, Including an Airline Worker, Are Arrested in $14.5 Million Gold Heist
▼ + stars: | 2024-04-17 | by ( Ian Austen | ) www.nytimes.com time to read: +1 min

It was a brazen theft: thousands of gold bars and millions of dollars in bank notes stolen a year ago from Toronto’s international airport. On Wednesday, Canadian authorities announced the arrest of nine people, including an Air Canada employee, in connection with the theft of more than 20 million Canadian dollars, about $14.5 million, in gold bars and 2.5 million dollars, about $1.8 million, in bank notes that vanished from a warehouse at Toronto Pearson Airport in April 2023. Arrest warrants have also been issued for three other people, including a manager at the airline. “One we jokingly say belongs in a Netflix series.” The Peel police are responsible for law enforcement at Toronto’s airport. The gold, Chief Duraiappah said, was partly used to buy guns that were bound for Canada.

Persons: Nishan Duraiappah, Duraiappah Organizations: Air Canada, Toronto Pearson Airport, Peel Regional Police, Netflix, Peel Locations: Toronto, Toronto’s, Canada, Pennsylvania

Average 30-year mortgage interest rates are hovering around 7%, according to Zillow data. Last week, mortgage rates climbed to levels not seen since November 2023 after the latest Consumer Price Index report showed that inflation was hotter than expected in March. While the Fed doesn't set mortgage rates, changes in the federal funds rate do influence mortgage lenders' decisions on how much interest to charge on loans. See more mortgage rates on Zillow Real Estate on ZillowToday's refinance ratesMortgage type Average rate today This information has been provided by Zillow. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.

Persons: you'll, Fannie Mae Organizations: Federal Reserve, CPI, Zillow, Mortgage, Association, Sky Locations: Chevron

☆ Singapore non oil domestic exports plunge 20.7%, misses expectations by a huge margin
▼ + stars: | 2024-04-17 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Singapore's non-oil domestic exports plunged 20.7% in March from a year ago, a sharp decline from the revised 0.2% fall in February. The 20.7% fall missed expectations by a huge margin, with economists polled by Reuters forecasting a 7% fall. This is the largest drop in non-oil domestic exports recorded by Singapore since January 2023. On a month-on-month basis, non-oil domestic exports slid 8.4%, also more than the 4.5% expected in the Reuters forecast. Non-oil domestic exports to Singapore's top markets declined in March, particularly for the U.S., the European Union and Japan.

Persons: Singapore's Organizations: Reuters, Enterprise Singapore, European Union, . Enterprise Singapore Locations: Marina, Sands, Singapore, Japan, China, Hong Kong, Taiwan

☆ I spent $70 ordering groceries on Getir, the ultra-fast delivery app. The service was super speedy, but it wasn't perfect.
▼ + stars: | 2024-04-17 | by ( Gia Yetikyel | ) www.businessinsider.com time to read: +1 min

Gia YetikyelI live in Chicago and usually go to nearby grocery stores to snag what I need for the week. The errand can take between 20 minutes to an hour, depending on whether I'm going to a specialty grocery store or taking public transportation. The idea of having my groceries delivered to me in less time is definitely intriguing. But although Getir has Chicago, New York, and Boston listed as locations on its website FAQ and social-media pages, I was surprised to learn that the company wasn't delivering groceries in Chicago. Luckily, I was flying to New York City the following week for a quick family visit, and I was able to test Getir out there.

Persons: I'd, Getir, Gia Yetikyel Locations: Chicago, Chicago , New York, Boston, New York City

☆ Biden administration releases formal proposal for new student loan forgiveness plan
▼ + stars: | 2024-04-17 | by ( Annie Nova | ) www.cnbc.com time to read: +3 min

US President Joe Biden gestures after speaking about student loan debt relief at Madison Area Technical College in Madison, Wisconsin, April 8, 2024. Andrew Caballero-Reynolds | AFP | Getty ImagesThe Biden administration has published its new student loan forgiveness proposal, putting it on the path to start clearing debt for millions of borrowers this fall. Outstanding federal education debt in the U.S. stands at around $1.6 trillion, and burdens Americans more than credit card or auto debt. Here's what to know about Biden's new relief plan. More than 25 million federal student borrowers owe more than they originally borrowed, according to the Biden administration.

Persons: Joe Biden, Andrew Caballero, Reynolds, Biden, Joe Biden's, FAFSA, haven't Organizations: Madison Area Technical College, AFP, Getty, U.S, Supreme, U.S . Department of Education, Consumer, Finance, Harvard, Education Department, Education Locations: Madison , Wisconsin, U.S

☆ Ancient skeletons unearthed in France reveal Mafia-style killings
▼ + stars: | 2024-04-17 | by ( Issy Ronald | ) edition.cnn.com time to read: +4 min

Alain BeechingThe researchers also reviewed skeletons found at other archaeological sites across Europe and identified 20 other probable instances of similar sacrificial killings. The practice may have been relatively widespread in Neolithic, or late Stone Age, Europe, according to the study, published in the journal Science Advances last week. The study said the actual number was probably higher but there was insufficient information about skeletons at other archaeological sites to draw firm conclusions. The three skeletons were buried in a grave built in the style of a silo, where grain is typically stored, inside a wooden structure and surrounded by a trench. At the other sites across Europe, men and children as well as women were also found sacrificed in this way, the study said.

Persons: CNN —, Alain Beeching, ” Éric, Crubézy, ” Crubezy, Châteaux, “, Nicolas Senegas, Ameline Alcouffe Organizations: CNN, Italian Mafia, Paul Sabatier University, Saint Locations: France, Saint, Europe, Toulouse, South America

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