Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Ives"


25 mentions found


China's tech giants may be reeling from the regulatory clampdowns imposed by the government, but they still have "a lot of value," according to veteran analyst Dan Ives. "I think [for] China tech, there's a lot of value there when you look at Baidu , JD , Tencent and others. Because of China's regulatory restrictions, more institutional investors in Asia are focusing on U.S. tech instead, Ives added. It has a target price of $168 for Baidu — giving it around 56% potential upside from its Oct. 25 close — and $38 for JD.com, or around 50% upside. HSBC has a 425 Hong Kong dollar ($54.34) price target on Tencent, giving it an upside of around 48%.
Persons: Dan Ives, Tencent, that's, CNBC's, Ives, Goldman Sachs, — CNBC's Arjun Kharpal Organizations: Baidu, JD, Wedbush Securities, HSBC, Hong Kong, Hong Locations: China, Asia, British, Hong Kong
Microsoft's early investment in AI may already be paying off. AdvertisementAdvertisementAfter heavily investing in OpenAI after the launch of ChatGPT, Microsoft sparked something of an AI arms race among its big tech rivals. Microsoft's success had a lot to do with the success of Copilot, Rotibi said. "Microsoft has captured the zeitgeist of kind of the AI and generative AI with copilot," she said. Despite Microsoft''s success, Rotibi said it was still too early to call a winner in the AI race or say whether Google was falling behind.
Persons: , Satya Nadella, Dan Ives, Ives, Bola Rotibi, Rotibi, It's Organizations: Service, Microsoft, CNBC, Google, CCS Insight, OpenAI, Excel Locations: OpenAI, Refinitiv
The first of the two shootings in Lewiston, Maine, took place at a bowling alley, interrupting an American pastime on an ordinary Wednesday evening. “See you again in your spare time!”On the bowling alley’s Facebook page, the management has posted photos of smiling customers and congratulated people for bowling perfect games. Around 2 a.m., a few reporters were congregating near a sports bar and a Subway sandwich shop at the corner of Mollison Way, a road leading to the bowling alley. “We all went bowling as kids growing up here,” said Mar Mcenery, 52, who lives four miles from the bowling alley and had come to see the scene for herself at 4 a.m. despite the citywide lockdown order. “Especially when the weather gets colder — the bowling alley and the ice rink, that’s what we do.”Ms. Mcenery said the bowling center was a popular hangout for local teenagers.
Persons: , Mar Mcenery, Ms, Mcenery, Organizations: Facebook, Lewiston police Locations: Lewiston , Maine, Lewiston
VIEW Ford reaches tentative deal with striking UAW workers
  + stars: | 2023-10-26 | by ( ) www.reuters.com   time to read: +4 min
REUTERS/Rebecca Cook/File Photo Acquire Licensing RightsOct 25 (Reuters) - The United Auto Workers (UAW) union reached a tentative labor deal on Wednesday with Ford Motor (F.N), the first of Detroit's Big Three car manufacturers to negotiate a settlement to strikes joined by 45,000 workers since mid-September. DANIEL IVES, ANALYST AT WEDBUSH SECURITIES"It's a relief for investors that this UAW nightmare is now over for Ford. JOE BIDEN, U.S. PRESIDENT"I applaud the UAW and Ford for coming together after a hard fought, good faith negotiation and reaching a historic tentative agreement tonight. GENERAL MOTORS STATEMENT"We are working constructively with the UAW to reach a tentative agreement as soon as possible." STELLANTIS STATEMENT"We remain committed to working toward a tentative agreement that gets everyone back to work as soon as possible."
Persons: Rebecca Cook, HARLEY SHAIKEN, DANIEL IVES, Farley, Ford, JOE BIDEN, JEFFREY SCHARF, SHAWN FAIN, Abhirup Roy, David Shepardson, Joe White, Peter Henderson, Christopher Cushing Organizations: Auto Worker, Ford Michigan Assembly Plant, Wayne , Michigan U.S, REUTERS, United Auto Workers, UAW, Ford Motor, UNIVERSITY OF, TIM, Ford, GM, U.S, Big, ACT, Thomson Locations: Wayne , Michigan, UNIVERSITY OF CALIFORNIA, BERKELEY, Detroit
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThis is a 'flex the muscles' moment for Microsoft on cloud and AI, says Wedbush's Dan IvesHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Wedbush's Dan Ives, Brian Sullivan, Organizations: Microsoft, CNBC
And then, somehow, more than two million dimes, worth nearly a quarter of a million dollars. The four thieves who federal prosecutors say were behind the robberies didn’t use the most sophisticated tactics. Four men now face several criminal charges, including theft of government money and robbery interfering with instate commerce, according to court documents unsealed last week. The defendants have “developed into a bona fide cargo theft and robbery crew” that used multiple vehicles to break into cargo trailers across the city this spring, federal prosecutors said in a court filing on Monday. In addition to refrigerators, tequila and dimes, they also stole — and in some cases tried to resell — televisions and frozen meat, shrimp and crab legs.
Persons: Jose Cuervo Locations: Philadelphia
The United Auto Workers union has once again escalated its strikes against big Detroit automakers, this time adding a factory that makes Ram pickup trucks for Stellantis. No progress was reported with Ford, which last week said it had the best offer of the three. The union went on strike Sept. 15 at one assembly plant from each company. By taking down the Stellantis factory, the union is signaling Ford and GM to improve their offers, Wedbush analyst Dan Ives said. Each time the automakers make an offer, Fain said, they insist it’s the best they can do, only to return days later with a better offer.
Persons: Shawn Fain, Ford, Stellantis, Dan Ives, Fain, ” Ives, “ We’ve, they’ve, ” Fain, ” ____ Koenig Organizations: United Auto Workers, Detroit automakers, Sterling, General Motors, Ford, UAW, Fiat Chrysler, France's PSA Groupe, GM Locations: Sterling Heights , Michigan, Louisville , Kentucky, Stellantis, Dallas
Financial analyst Kevin Paffrath criticized Elon Musk's comments on Tesla's recent earnings call. AdvertisementAdvertisementIt's now clear that Tesla's third-quarter earnings call on Wednesday didn't exactly go as expected. CEO Elon Musk acted like "a little baby," financial analyst and YouTuber Kevin Paffrath recently told Yahoo Finance. He also described the call as "terrible" and said Musk was "almost in tears" at one point. Kevin Paffrath hit out at Elon Musk's comments on the Tesla earnings call.
Persons: Kevin Paffrath, Elon Musk's, Musk, , Elon Musk, Paffrath, Kevin, Tesla's, Tesla, who's, YouTube Tesla, Dan Ives Organizations: EV, Service, Yahoo Finance, Kevin YouTube, Elon, YouTube, Wedbush Securities Locations: Mexico
One Wall Street analyst referred to the accompanying earnings call as a "mini disaster." AdvertisementAdvertisementTesla's third-quarter earnings call was a "mini disaster," as one Wall Street analyst put it. "We dug our own grave with Cybertruck," Musk said. AdvertisementAdvertisementGiven all of that uncertainty, some analysts anticipated Musk also would end the frequent and substantial vehicle price cuts Tesla's had throughout this year. The ambiguity about pricing concerned Wall Street analysts like Ives.
Persons: Tesla, , Elon Musk, Dan Ives, Musk, Vaibhav Taneja, Tesla's, Ives Organizations: Service, EV, Wedbush Securities
Here's how Wall Street analysts are reacting to Tesla's third-quarter report. Here's how Wall Street analysts are reacting to Tesla's third-quarter report. AdvertisementAdvertisementJPMorgan reiterated its "Underweight" rating and $135 price target, representing potential downside of 40% from current levels. AdvertisementAdvertisementWedbush reiterated its "Outperform" rating but lowered its price target to $310 from $350, representing potential upside of 38% from current levels. AdvertisementAdvertisementBank of America also lowered its price target to $290 from $300, representing potential upside of 29% from current levels.
Persons: Elon Musk, , Musk, Tesla, Dan Ives, Ives Organizations: Elon, Service, JPMorgan, Ford, General Motors, Motors, Bank of America, of America
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla's Q3 conference call was the definition of a disaster, says Wedbush's Dan IvesDan Ives, Wedbush Securities analyst, joins 'Squawk on the Street' to discuss Tesla's latest earnings, what investors got wrong about Tesla's stock, and how Musk can put a line in the sand on price cuts given today's macroeconomy.
Persons: Wedbush's Dan Ives Dan Ives Organizations: Wedbush Securities
A version of this story first appeared in CNN Business’ Before the Bell newsletter. HSBC is blocking staff from texting on their work phones, a person familiar with the matter confirmed to CNN. What’s happening: Banks must follow strict compliance rules for how they use and store their employees’ texts and other business communications. “Banks use a wide range of approved channels to communicate in compliance with regulatory obligations,” a company spokesperson told CNN. Tesla reported adjusted earnings of $2.3 billion in the quarter, or 66 cents a share, down 37% from a year earlier and the smallest profits it reported in two years.
Persons: Banks, , ” Sanjay Wadhwa, Tesla, Chris Isidore, Refinitiv, Dan Ives, “ Price, Elon Musk, , , Craig Jelinek, Ron Vachris, Jelinek Organizations: CNN Business, Bell, New York CNN, HSBC, CNN, Bloomberg, Securities and Exchange Commission, SEC, Commodity Futures Trading Commission, “ HSBC, Carlyle Group, Blackstone, Bank of America, Citigroup, Wedbush Securities, Costco, Sam’s Club, Walmart Locations: New York, London, Wells Fargo, WhatsApp, United States
Tesla and Netflix Q3 earnings: What to expect
  + stars: | 2023-10-18 | 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 EmailTesla and Netflix Q3 earnings: What to expectDan Ives, Wedbush analyst, Alex Kantrowitz, Big Technology founder, and Jason Snipe, founder & CIO at Odyssey Capital Advisors, join 'Closing Bell' to discuss Netflix and Tesla as both companies report their earnings after the bell.
Persons: Dan Ives, Alex Kantrowitz, Jason Snipe, Tesla Organizations: Netflix, Big Technology, Odyssey Capital Advisors
Tesla and Netflix earnings: Here's what to expect
  + stars: | 2023-10-18 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla and Netflix earnings: Here's what to expectDan Ives, Wedbush analyst, Alex Kantrowitz, Big Technology founder, and Jason Snipe, founder & CIO at Odyssey Capital Advisors, join 'Closing Bell' to discuss Netflix and Tesla as both companies report their earnings after the bell.
Persons: Dan Ives, Alex Kantrowitz, Jason Snipe, Tesla Organizations: Netflix, Big Technology, Odyssey Capital Advisors
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNew report indicates sluggish iPhone 15 sales in China. How to play Apple stock right nowBryn Talkington of Requisite Capital Management, Dan Ives of Wedbush Securities and Jason Snipe of Odyssey Capital Advisors discussed Apple as analysts say they are starting to see signs of slowing demand for the iPhone 15 in China.
Persons: Bryn Talkington, Dan Ives, Jason Snipe Organizations: Apple, Management, Wedbush Securities, Odyssey Capital Locations: China
Here's what Wall Street expects from the EV maker's upcoming earnings report. AdvertisementAdvertisementAll eyes are on Tesla as it is scheduled to report its third-quarter earnings results on Wednesday after the market close. The EV maker already reported third-quarter deliveries of 435,059, which was below Wall Street expectations of 451,000 vehicles. Here's what Wall Street analysts are saying about Tesla's upcoming third-quarter earnings report. The bank lowered its third-quarter earnings per share estimate to $0.65 from $0.75, compared to GAAP EPS estimates of $0.78.
Persons: Tesla, , Dan Ives, Ives, Wedbush, Goldman Sachs, Goldman Organizations: Investors, EV, Service, Wall Street, Bloomberg, RBC, Netflix, JPMorgan, Wall, Bank of America, of America, of Locations: China, Shanghai, Dallas, Tesla, 4Q23
"Toyota, Honda, Tesla, and others are loving this strike," Bill Ford said Monday. Analysts have already said Tesla is winning the UAW strike. "Toyota, Honda, Tesla, and others are loving this strike because they know the longer it goes on, the better it is for them. But a fresh analysis released by the bank's analysts Monday found that, with Kentucky Truck down, the UAW strike has now cost Ford an estimated $517 million to GM's estimated $507 million. AdvertisementAdvertisementOne analyst called the UAW's strike a "nightmare scenario" for the Detroit Three, whose electric vehicle business models would be "torpedoed" by the UAW's demands.
Persons: Bill Ford, Ford, Tesla, , Henry Ford, Stellantis, Ryan Brinkman, Shawn Fain, Fain, Dan Ives Organizations: Toyota, Honda, Kentucky, UAW, Service, United Auto Workers, Ford, Detroit, GM, Kentucky Truck, JPMorgan, General Motors, Wall Street Locations: Detroit, Kentucky
In this article TSLA Follow your favorite stocks CREATE FREE ACCOUNTA Tesla Model 3 with opened doors stands in the showroom. But there's one thing Black has had on his mind lately: That Tesla is wasting money on price cuts to keep growth rates high. At the same time, the major price cuts continue as Musk's primary strategy to drum up more interest in Teslas. Overall, the price cuts over the past year have shaved revenue by much more, Ives estimated. In effect, Black argues that Tesla price cuts are a de facto marketing expense, saying Tesla's share losses among EVs by Tesla this year suggest price cuts alone aren't working.
Persons: Gary Black, Tesla, Elon, Musk, didn't, Kevin Paffrath, we'll, they'd, Dan Ives, Black, EVs, Ives, Allen Weiss Organizations: Tesla, Getty, CNBC, @TroyTeslike, Netflix, Cox Automotive, Teslas, Tesla's, Newsday Locations: Chicago, California, U.S, Tesla's U.S, Smithtown , New York
This means pressure is on for CEO Bob Iger to turn the company's stock around. AdvertisementAdvertisementThe pressure knob for Bob Iger just got turned a little higher. AdvertisementAdvertisement"We wish the very best to Bob, this management team, and the board," Peltz said on CNBC at the time. Since Disney's stock price peaked for the year in February at about $113 per share, it's fallen more than 25% to about $84 per share. AdvertisementAdvertisementABC and Disney's other linear networks, like FX and The Disney Channel, could be among the first to go.
Persons: Nelson Peltz, Bob Iger, , Iger's, Peltz, Peltz's, he's, Peltz hasn't, Iger, Dan Ives, Apple hasn't, what's, Peter Csathy Organizations: Disney, ABC, ESPN, Service, Fund Management, Street Journal, CNBC, FX, Sun, Apple, Wedbush Securities
Some tech leaders see the gadgets as the iPhone of the AI era, a way to own the hardware we use to interact with AI. A true iPhone successor could be tech's "golden goose," but past attempts have failed. The race is on as generative AI tools like ChatGPT, OpenAI's conversational AI chatbot, take the world by storm. Even though he said AI hardware innovations represent "the golden goose for tech players in the next decade along with software," he doesn't think all of them will be successful. AdvertisementAdvertisementYet, despite AI's impressive capabilities, Haigh said that smartphones may still be easier to use for the average consumer than AI devices, which means that AI personal devices may take awhile to gain public interest.
Persons: , Mark Zuckerberg, Meta's Ray, Zuckerberg, Victor Virgile, Imran Chaudhri, @ImranChaudhri, knEBVdC7zl, 3vvbPVAFsS, Chaudhri, Jony, Sam Altman, Masayoshi Son, Altman, Marc Benioff, Brad Stone, Jeff Bezos, Dan Ives, Nadella, Cook, Ives, Thomas Haigh, Haigh, Siri Organizations: Service, Tech, Meta, Facebook, Apple, TED, Wedbush Securities, Big Tech, University of Wisconsin, Modern Computing, Google Locations: Milwaukee
GM has the most workers on strike of all the Detroit 3. AdvertisementAdvertisementThe ongoing United Auto Workers strike is taking a multi-million dollar toll on all three Detroit-based automakers, but General Motors might be hit the hardest so far. GM narrowly avoided a fourth strike Friday with an offer that delayed Fain's weekly update for members. This is also the second time in four years that GM has experienced a strike . AdvertisementAdvertisementAnd of the three automakers, GM also has the most striking workers and has temporarily laid off the most workers due to the strike.
Persons: , Stellantis, Shawn Fain, Fain, Dan Ives, Mary Barra's, Tesla, Jim Cain, Cain, Ford, Ford's, Sam Fiorani, Fiorani, there's, It's, Cox, GM wasn't, Edmunds, Jessica Caldwell Organizations: GM, Detroit, Service, United Auto Workers, UAW, Ford, UAW nabbed, Detroit automakers, Wedbush Securities, Cox, AutoForecast Solutions, Jeep, Chrysler, Dodge, Buick, GMC, Chevrolet, Cadillac, Deutsche Bank Locations: Detroit, Arlington , Texas, Lincoln
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRivian's problem has been the execution of its business model, says Wedbush's Dan IvesHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Wedbush's Dan Ives, Brian Sullivan, Organizations: CNBC
Mira Murati wasn't always sure OpenAI's generative chatbot ChatGPT was going to be the sensation it has become. "In 2019, we had GPT3, and there was the first time that we had AI systems that kind of showed some sense of language understanding. And if you really think about it, that hasn't really been revolutionized in decades." Murati envisions users being able to talk with ChatGPT the same way they might chat with a friend or a colleague. "And so that's really where we're going — towards these systems that will eventually be able to help us with extremely hard problems.
Persons: Mira Murati wasn't, Atlantic Festival, Murati, You'll, Jony Ives, OpenAI, we're, ChatGPT Organizations: Atlantic, Apple
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're in the middle phases of the Tesla growth story, says Wedbush's Dan IvesDan Ives, Wedbush analyst, joins 'Power Lunch' to discuss the UAW strike and his bullish case for Tesla's stock.
Persons: Wedbush's Dan Ives Dan Ives Organizations: UAW
Tesla sales slow, missing Wall Street forecasts
  + stars: | 2023-10-02 | by ( Chris Isidore | ) edition.cnn.com   time to read: +2 min
New York CNN —Tesla reported slower third quarter sales that fell short of Wall Street forecasts. That’s down 7% from the 466,000 deliveries in the second quarter. Analysts surveyed by FactSet Research had expected sales to come in at 461,000, just short of second quarter numbers. Wall Street analysts who are bearish on Tesla have been pointing to the sales falling short of production in the previous five quarters, as a sign of weakening demand for Tesla’s cars. Shares of Tesla were little changed in morning trading on the sales news, after opening down 2%.
Persons: New York CNN — Tesla, Tesla, , Dan Ives, Elon Musk Organizations: New, New York CNN, FactSet Research, Wall Street, Tesla Locations: New York, Germany, Texas
Total: 25