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☆ Macy's workers in Washington state to strike for three days from Black Friday
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: +1 min

The Macy's logo is pictured on the side of a building in downtown Los Angeles, California, U.S., March 6, 2017. REUTERS/Mike Blake/File Photo Acquire Licensing RightsNov 22 (Reuters) - More than 400 Macy's (M.N) workers in Washington state are planning a three-day strike from Black Friday through Sunday, alleging unfair labor practices and demanding better wages, according to UFCW Local 3000's website. The strike would be at three of Macy's busiest stores and the workers are expected to return to duty from 3 a.m. PT on Monday. As of Jan. 28, excluding seasonal employees, Macy's had 94,570 full-time and part-time employees, of which about 8% are represented by unions, a regulatory filing showed. The UFCW Local 3000 represents more than 50,000 members working in grocery, retail, healthcare, meat packing, cannabis and other industries in Washington, Oregon and northern Idaho.

Persons: Mike Blake, Macy's, Ananya Mariam Rajesh, Seher, Shilpi Majumdar Organizations: REUTERS, Reuters, Thomson Locations: Los Angeles , California, U.S, Washington, Tukwila, Washington , Oregon, Idaho, Bengaluru

☆ OpenAI’s wild week explained: How the Sam Altman story unfolded
▼ + stars: | 2023-11-22 | by ( Diksha Madhok | Clare Duffy | ) edition.cnn.com time to read: +7 min

ET, OpenAI publicly announced that it had fired Altman over concerns that he was not always truthful with the board. Sam Altman, left, appears onstage with Microsoft CEO Satya Nadella at OpenAI's first developer conference, on Nov. 6, 2023, in San Francisco. OpenAI’s board was also reportedly having second thoughts and considering asking the ousted CEO to return. Ultimately, Microsoft and Altman appear to be the big winners from the dust-up: Altman will continue leading the firm he helped to found. “We are encouraged by the changes to the OpenAI board,” Nadella said on X.

Persons: Elon, Sam Altman —, —, OpenAI, ChatGPT, Altman, Ilya Sutskever, Greg Brockman, Mira Murati, Altman’s, “, what’s, ” Brockman, Kara Swisher, Sam Altman, Satya Nadella, Barbara Ortutay, Nadella, Brockman, Emmett Shear, Murati, ” Nadella, ”, Justin Sullivan, Bret Taylor, Larry Summers, Adam D’Angelo, Shear, … Organizations: New Delhi CNN, Valley Bank, Google, Microsoft, OpenAI's, Sunday, OpenAI, CNBC, Twitter Locations: New York, New Delhi, OpenAI, San Francisco, San Francisco , California

☆ ChatGPT suffers widespread outage as company chaos unfolds
▼ + stars: | 2023-11-21 | by ( Hannah Getahun | Alistair Barr | ) www.businessinsider.com time to read: 1 min

Amid a chaotic week at OpenAI, the company's chatbot ChatGPT is experiencing a widespread outage Tuesday afternoon. AdvertisementAccording to Down Detector, which tracks reports of outages, the platform began seeing a spike in outages around 2 p.m. PT. Insider verified the outage by asking ChatGPT various questions. The bot responded with: "Something went wrong. Outages are not atypical for the AI chatbot, and happen regularly when the company implements new features.

Persons: OpenAI, didn't Organizations: PT Locations: OpenAI, help.openai.com

☆ OpenAI's new CEO Emmett Shear said the company handled Sam Altman's ousting 'very badly' and 'seriously damaged our trust'
▼ + stars: | 2023-11-20 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

OpenAI's new CEO, Emmett Shear, criticized Sam Altman's ousting as damaging trust in the company. AdvertisementThe new CEO of OpenAI said the way Sam Altman was ousted was "handled very badly" and has "seriously damaged our trust." "And it's clear that the process and communications around Sam's removal has been handled very badly, which has seriously damaged our trust." AdvertisementShear claims he accepted the "once-in-a-lifetime opportunity" to step up as the interim CEO only "a few hours" after he got the call offering him the top job. It comes after OpenAI cofounder Altman was forced out of the company Friday.

Persons: Emmett Shear, Sam Altman's, Shear, wasn't, —, OpenAI, Sam Altman, Altman, Insider's Kali Hays, Ashley Stewart, Satya Nadella, Greg Brockman Organizations: Service, West Coast, Microsoft Locations: West

☆ OpenAI cofounder and chief scientist says he deeply regrets participating in ousting Sam Altman
▼ + stars: | 2023-11-20 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

OpenAI cofounder Ilya Sutskever expressed remorse for being involved in ousting Sam Altman. AdvertisementOpenAI cofounder and chief scientist Ilya Sutskever has expressed his "deep regret" in being part of the decision to oust Sam Altman. I never intended to harm OpenAI," Sutskever said in an X post Monday. Soon after the chief scientist's statement, Altman responded to his post with three heart emojis, seemingly signaling that there's no love lost between the pair. Sutskever is one of 490 OpenAI employees who signed an open letter calling for Altman to be reinstated, Wired reported.

Persons: Ilya Sutskever, Sam Altman, —, Sutskever, we've, Altman, OpenAI, wasn't, Satya Nadella, he's, Greg Brockman, OpenAI didn't Organizations: Service, Microsoft, Wired

☆ Catch up on the OpenAI’s wild 60 hours… in 60 seconds
▼ + stars: | 2023-11-20 | by ( Clare Duffy | ) edition.cnn.com time to read: +5 min

ET, OpenAI publicly announced that it had fired Altman over concerns that he was not always truthful with the board. OpenAI’s strategic partners, including investor Microsoft, were also reportedly informed of Altman’s ouster minutes before the board’s announcement. Microsoft CEO Satya Nadella reportedly mediated the discussion. Hundreds of employees on Monday morning signed an open letter calling on the company’s board to resign and reinstate Altman and Brockman. The Verge reported Monday afternoon that Altman and Brockman could still return to OpenAI if the board members who fired him resign.

Persons: Sam Altman —, he’d, OpenAI, Altman, Ilya Sutskever, Greg Brockman, Mira Murati, Altman’s, “, what’s, ” Brockman, Kara Swisher, Joel Saget, Satya Nadella, Nadella, Brockman, Emmett Shear, Murati, openai, ” Altman Organizations: New, New York CNN, Microsoft, Google, Getty, OpenAI Locations: New York, AFP, OpenAI

☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Amazon, Boeing, Tesla, Dell, Microsoft & more
▼ + stars: | 2023-11-20 | by ( Michael Bloom | ) www.cnbc.com time to read: +10 min

Raymond James reiterates Nvidia as strong buy Raymond James said it's bullish heading into Nvidia earnings on Tuesday. Bernstein reiterates Tesla as underperform Bernstein said it's standing by its underperform rating on Tesla as EV growth is slowing. JPMorgan upgrades Dutch Bros to overweight from neutral JPMorgan said the coffee chain has "strong available liquidity" to continue to grow. " JPMorgan downgrades Krispy Kreme to neutral from overweight JPMorgan downgraded the stock mainly on valuation. " Melius initiates Dell as buy Melius Research initiated Dell with a buy and said it's an "inexpensive" way to play AI.

Persons: Wolfe, ChargePoint, Jefferies, it's bullish, Raymond James, it's, Stifel, Wells, Bernstein, Tesla, underperform Bernstein, BTIG, Morgan Stanley downgrades Chegg, Morgan Stanley, LT, Hewlett Packard Evercore, Goldman Sachs, Krystal, Goldman, Penn, Energizer, Sherwin, Williams, Dell, Oppenheimer, OpenAI's Sam Altman, Sam Altman Organizations: Cedar Fair, SIX, Nvidia, Resources, MNR, ARM, Acorn, Apple, JPMorgan, Deutsche Bank, Boeing, Deutsche, Bros, Brands, Hewlett, Krystal Biotech, " Bank of America, of America, ESPN, PENN Entertainment, ESPN Bet, Citi, UBS, Kosmos Energy, Bank of America, CSN, HSBC, Caterpillar, BMO, Wedbush, Research, Microsoft Locations: NVDA, China, ENR, Brazil, Australia, Vale, 2024e

☆ OpenAI's new CEO revealed plans for his first 30 days in an X post at 1 a.m.
▼ + stars: | 2023-11-20 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Emmett Shear laid out a three-point plan for his first 30 days as CEO in an X post at 1 a.m. The interim CEO revealed plans for his 30 days in in a X post at 1 a.m. PT – including hiring an investigator and restructuring the leadership team. The Twitch cofounder's three-point plan came just hours after Shear became OpenAI's second temporary chief in the space of three days. OpenAI's former CTO, Mira Murati, briefly became interim CEO Friday after the board removed Sam Altman . Shear included hiring an independent investigator in his first tasks in the post, which also criticized OpenAI's board for its handling of Altman's departure.

Persons: Emmett Shear, Sam Altman's, Shear, —, Mira Murati, Sam Altman, Altman, Jakub Pachocki, Aleksander Madry, Szymon Sidor, Satya Nadella Organizations: Service, Business

☆ See the moment Sam Altman introduced Emmett Shear at Stanford 9 years before the ex-Twitch chief became OpenAI's CEO
▼ + stars: | 2023-11-20 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

Emmett Shear is set to become OpenAI's interim CEO, the third in as many days. He previously crossed paths with Sam Altman at Y Combinator's inaugural class in 2005. AdvertisementEmmett Shear announced at 1 a.m. PT Monday that he would become OpenAI's interim CEO. Shear becomes the third person in as many days to take the reins at OpenAI, after the previous interim CEO, Mira Murati, publicly supported Altman amid the chaos. And back in 2014, Altman introduced Shear during a talk about startups at Stanford University.

Persons: Emmett Shear, Sam Altman, Y, Altman, —, Greg Brockman, Shear, Mira Murati, Y Combinator Organizations: Stanford University, Service, Microsoft, Amazon Locations: OpenAI

Now Widodo also needs a free trade agreement (FTA) with the United States for Indonesian materials to qualify for the generous EV subsidies available under the Biden administration's Inflation Reduction Act (IRA). What it got after last week's bilateral meeting was a commitment "to develop a critical minerals action plan (...) with a view toward establishing the foundation to launch future negotiations on a critical minerals agreement". The joint statement included some pointers as to what the United States expects from that action plan in terms of environmental, social and governance (ESG) standards. A limited trade agreement on critical minerals could become an even more restricted deal if it were to apply only to non-Chinese material streams. South Korea has the advantage of having had an FTA with the United States since 2012.

Persons: Joko Widodo, Tesla, Widodo, Washington, Biden, Joe Manchin, Janet Yellen, Manchin, Trafigura, Emelia Sithole Organizations: Vale Tbk, U.S, Biden, GREEN, Benchmark Minerals, Australia, Greenpeace, of, Group, Minerals, Korea, Reuters, Thomson Locations: Sorowako, Indonesia's, Asian, United States, Indonesia, United, GREEN Indonesia, Philippines, Ulsan, South Korea, Morocco, South

☆ Vale Canada, Sumitomo Metal sign initial agreement to sell 14% stake in Indonesia nickel miner
▼ + stars: | 2023-11-18 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Ritsuko Shimizu/File Photo Acquire Licensing RightsJAKARTA, Nov 18 (Reuters) - Vale Base Metals said its Vale Canada unit and Japan's Sumitomo Metal Mining signed an initial agreement on Friday to sell a 14% stake in their Indonesian nickel mining unit to Indonesia's state miner. Share divestment is a condition required by Indonesia to extend Vale Indonesia's mining permit, which will otherwise end in 2025. Upon completion, MIND ID will become the largest shareholder of Vale Indonesia with its stake rising to 34% from 20%. Vale Canada will hold 33.9%, down from 43.79%, and Sumitomo 11.5%, down from 15.03%, according to the statement. "The divestment will make MIND ID as the biggest shareholder of Vale (Indonesia), so MIND ID and Vale Canada can exercise a joint control over Vale (Indonesia)," he said in a statement on Friday.

Persons: Ritsuko Shimizu, Wirjoatmodjo, Deshnee Naidoo, Joko Widodo, Widodo, Fransiska Nangoy, Stefanno Sulaiman, Kirsten Donovan, William Mallard Organizations: Sumitomo Metal Mining, REUTERS, Rights, Base Metals, Vale Canada, Vale, Sumitomo, Mineral Industri, Vale Base Metals, Reuters, Thomson Locations: Tokyo, Japan, Rights JAKARTA, Vale Canada, Mineral Industri Indonesia, Indonesia, Vale Indonesia, Indonesian, Vale

☆ Vale Canada, Sumitomo Metal sign initial deal to sell 14% stake in Indonesian nickel miner
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Ritsuko Shimizu/File Photo Acquire Licensing RightsJAKARTA, Nov 17 (Reuters) - Mining company Vale Base Metals said its unit Vale Canada Ltd and Japan's Sumitomo Metal Mining Co. Ltd signed an initial agreement on Friday to sell a 14% stake in their Indonesian nickel mining unit to Indonesia's state miner. Share divestment is a condition required by Indonesia to extend Vale Indonesia's mining permit, which is currently due to end in 2025. Upon completion, MIND ID will become the largest shareholder of Vale Indonesia with 34% of shares, up from 20%. Around 20% of Vale Indonesia's shares are publicly traded. Vale Base Metals is committing around $10 billion of investment in Indonesia over the next decade.

Persons: Ritsuko Shimizu, Deshnee Naidoo, Fransiska Nangoy, Kirsten Donovan Organizations: Sumitomo Metal Mining, REUTERS, Rights, Base Metals, Vale Canada, Japan's Sumitomo Metal Mining Co . Ltd, Vale, Sumitomo, Mineral Industri, Vale Base Metals, Thomson Locations: Tokyo, Japan, Rights JAKARTA, Vale Canada, Mineral Industri Indonesia, Indonesia, Vale Indonesia, Indonesian

☆ 'Inside Track: The Business of Formula 1' premieres tonight at 8pm ET/PT on CNBC
▼ + stars: | 2023-11-16 | 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 Email'Inside Track: The Business of Formula 1' premieres tonight at 8pm ET/PT on CNBCCNBC's Sara Eisen joins 'Squawk Box' with a preview of the new CNBC Documentary 'Inside Track: The Business of Formula 1'.

Persons: Sara Eisen Organizations: CNBC

☆ These high beta stocks will lead the way if the year-end comeback continues
▼ + stars: | 2023-11-16 | by ( Hakyung Kim | ) www.cnbc.com time to read: +8 min

Essentially, if the broad market index rises by 1%, the following high beta stocks could jump by 1.5% or more. The company has a beta value of 1.7 and is scheduled to report earnings on Tuesday. Essentially, if the broad market index rises by 1%, the following high beta stocks could jump by 1.5% or more. Goldman Sachs recently recommended the pullback in Devon Energy shares as a buying opportunity, citing the company's strong balance sheet as a factor. The company has a beta value of 1.7 and is scheduled to report earnings on Tuesday.

Persons: Stocks, Goldman Sachs, Wells Fargo, Gunnar Wiedenfels, Bing Guan Organizations: CNBC Pro, Dow Jones, Nasdaq, CNBC, APA Corp, APA, Devon Energy, Marathon, Marathon Oil, Nvidia, UBS, Qs, Warner Bros Discovery, Angeles Refinery, Reuters, Beta, APA APA Corp, Entertainment, Devon Energy Corp, Oil Corp, Targa Resources Corp, MGM MGM Resorts, HAL Halliburton, McMoRan, Aptiv, WYNN Wynn Resorts, Body, Semiconductor Corp, NVIDIA Corp, Zebra Technologies, Albemarle, Alaska Air Group Locations: Angeles, Carson , California, Freeport

☆ How F1 Became A Global Sports Phenomenon
▼ + stars: | 2023-11-16 | by ( Dj Sixsmith | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow F1 Became A Global Sports PhenomenonCNBC anchor Sara Eisen talks with CNBC's DJ Sixsmith about the new CNBC documentary "Inside Track: The Business of Formula 1." Eisen takes viewers behind the scenes of how this documentary came together, why Formula 1 has become so popular in the United States and what it was like to do a hot lap. Watch the doc Thursday, November 16 at 8pm ET/PT.

Persons: Sara Eisen, CNBC's, Sixsmith, Eisen Organizations: CNBC Locations: United States

☆ Here are Thursday's biggest analyst calls: Nvidia, Amazon, Target, DoorDash, Intel, Plug Power & more
▼ + stars: | 2023-11-16 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Bank of America reiterates Roblox as buy Bank of America said the stock is becoming "more investable." Deutsche Bank initiates Wayfair as buy Deutsche said in its initiation of the stock that it's a "pure-play e-commerce leader." Deutsche Bank initiates DoorDash as buy Deutsche said in its initiation of the company that it has "superior unit economics." Bank of America initiates Gen Digital as buy Bank of America said it likes the cyber safety vendor. Goldman Sachs reiterates Amazon as buy Goldman said it sees an "underappreciated secular growth opportunity" for Amazon shares into next year. "

Persons: it's, Goldman Sachs, Goldman, 1QFY, Roblox, Price, Stifel, Baird, Catalent, 1HCY24, Piper Sandler, Piper, Philip Morris, Guggenheim, Wells, TD Cowen downgrades Organizations: UBS, Nvidia, Qs, Networks, Palo Alto Networks, 1QFY billings, billings, Bank of America, Products, Deutsche Bank, Deutsche, HSBC downgrades Altice, HSBC, Goodyear Tire, Goodyear, " Bank of America, ITT, of America, Aerospace & Defense, Digital, JPMorgan, Entertainment, Mizuho, Intel, AMD, Amazon, Citi, EV, TD Cowen downgrades Target Locations: HSBC downgrades Altice USA, China

☆ A United Airlines flight was diverted to San Francisco after a passenger made a bomb threat, official says
▼ + stars: | 2023-11-14 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

A flight from LA to Vancouver made an emergency landing in San Francisco on Monday night. The diversion followed a bomb threat made by someone on the flight, an airport official said. AdvertisementAdvertisementA United Airlines flight from Los Angeles to Vancouver made an emergency landing after an alleged bomb threat was made, airport officials said. However, about an hour into the journey the plane turned around and headed to San Francisco, tracking data from Flight Radar 24 shows. In March, a United flight was grounded in Vermont after a note, discovered in the plane's bathroom, indicated there was a bomb onboard.

Persons: — Organizations: Service, United Airlines, LAX, San, ABC7, FBI Locations: LA, Vancouver, San Francisco, Los Angeles, California

☆ Here are Monday's biggest analyst calls: Apple, Amazon, Oracle, Eli Lilly, Airbnb, Meta, Southwest & more
▼ + stars: | 2023-11-13 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Jefferies initiates PepsiCo as buy Jefferies called PepsiCo a defensive stock. " Jefferies initiates Procter & Gamble as buy Jefferies said in its initiation of the stock that it's a top and bottom line growth leader. Jefferies initiates Colgate-Palmolive as buy Jefferies said it sees a "reinvigorated" brand lineup for Colgate. Citi reiterates Amazon and Meta as buy Citi said it's bullish on the partnership between Amazon and Meta. Citi reiterates Eli Lilly as buy Citi said it's standing by its buy rating on the stock.

Persons: Piper Sandler, Stifel, CrowdStrike, KBW, it's, Bernstein, buybacks, Airbnb, BTIG, Raymond James, Natera, Hewlett Packard, Jefferies, Colgate, Morgan Stanley, Edward Jones, Olin, it's bullish, Truist, Citi, Eli Lilly, Lilly, Melius Organizations: UBS, Barclays, Apple, Piper, Capital Holdings, Guardant, Citi, Hewlett, PepsiCo, Pepsi, Procter, Gamble, G, Constellation Brands, Constellation, Colgate, Palmolive, Mirum Pharmaceuticals, Oracle, North America, Amazon, Social Commerce, ~$

☆ Home Depot, Lowe's may signal more pain from muted consumer spending, housing demand
▼ + stars: | 2023-11-13 | by ( Deborah Mary Sophia | ) www.reuters.com time to read: +3 min

Nov 13 (Reuters) - Wall Street is bracing for another quarter of weak sales from U.S. home improvement chains Home Depot (HD.N) and Lowe's (LOW.N) as demand remained under pressure from uneven consumer spending and a subdued housing market. Expectations have been revised roughly 17% lower for Home Depot's same-store sales for the third quarter compared to early September, LSEG data showed, while estimates for Lowe's have come down about 19% during the same period. Key demand indicators - such as category sales figures from the U.S. Census Bureau and home sales - pointed to a sequential softening in the home improvement industry in the quarter, analysts said. "Most likely, a recovery won't be in sight until the second half of 2024," UBS analyst Michael Lasser said. U.S. existing home sales dropped to a 13-year low in September, weighed by rising mortgage rates and tight supply.

Persons: Michael Lasser, Wells, J.P, Morgan, Christopher Horvers, Stocks, Deborah Sophia, Sriraj Organizations: Lowe's, U.S . Census Bureau, UBS, Reuters, Thomson Locations: U.S, Wells Fargo, Bengaluru

☆ Will F1 Entertain Expansion?
▼ + stars: | 2023-11-13 | 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 EmailWill F1 Entertain Expansion? CNBC's Sara Eisen talks to Liberty Media President & CEO Greg Maffei, MoneyGram Haas Team Principal Guenther Steiner and Mercedes-AMG PETRONAS Team Principal Toto Wolff about their thoughts on expansion in F1. "Inside Track: The Business of Formula 1," premieres Thursday at 8pm ET/PT on CNBC.

Persons: Sara Eisen, Greg Maffei, MoneyGram, Guenther Steiner, Toto Wolff Organizations: Liberty Media, Mercedes, CNBC

☆ Here are Friday's biggest analyst calls: Nvidia, Netflix, Plug Power, Toast BJ's, Arm, Occidental & more
▼ + stars: | 2023-11-10 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Wolfe reiterates Nvidia as outperform Wolfe said it's getting more bullish on the stock over the next several quarters. Wolfe downgrades Occidental Petroleum to peer perform from outperform Wolfe said shares of the oil company will be range bound. Bank of America downgrades FTC Solar to underperform from buy Bank of America said it was wrong about its prior buy rating on the solar stock. Bank of America downgrades CommScope to neutral from buy Bank of America trends are worsening for the tech company. Bank of America initiates Weatherford as buy Bank of America said in its initiation of the global energy company that it's seen a "remarkable turnaround."

Persons: Stephens, Henry Schein, Stifel, it's bullish, Wolfe, it's, Freyr, BTIG, FREY, William Blair, Wells, Baird, Weatherford, Girish Saligram, Gordon Haskett, Haskett, Morgan Stanley, Jefferies, Vera Organizations: Portillo's Inc, JPMorgan, Netflix, Citi, Body Works Citi, Nvidia, Wolfe Alpha, Occidental Petroleum, Bank of America, FTC, sel, RBC, EV Locations: Illumina, Occidental, Wells Fargo, Hawaii, 3Q23, U.S

☆ Here are Thursday's biggest analyst calls: Nvidia, Disney, Tesla, Instacart, Arm, Rivian, Target & more
▼ + stars: | 2023-11-09 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Thursday's biggest calls on Wall Street: Goldman Sachs initiates Apellis Pharmaceuticals as buy Goldman initiated the biotech company with a buy and says it sees "continued execution." Bank of America reiterates Disney as buy Bank of America said it's standing by its buy rating after Wednesday's earnings report. Goldman Sachs reiterates Arm as overweight Goldman said it's sticking with its buy rating after the stock's earnings report on Wednesday. Goldman Sachs reiterates Instacart as buy Goldman said it's sticking with its buy rating on the grocery delivery company after Instacart's earnings report on Wednesday. Morgan Stanley reiterates Rivian as overweight Morgan Stanley said it's sticking with its overweight rating on the electric vehicle company. "

Persons: Goldman Sachs, Goldman, Tesla, WK Kellogg, Kellogg, Wolfe, Instacart, Morgan Stanley, Rivian, Eli Lilly, MRK's Keytruda, Evercore, it's bullish, Parker, Wells, it's, Hein Schumacher Organizations: Apellis Pharmaceuticals, HSBC, Tesla, Barclays, JPMorgan, Bank of America, Disney, ARM, Deutsche Bank, Deutsche, Merck, pharma, TAP, Industrial, Nvidia, Anheuser, Busch InBev, Bud, Offshore, Unilever, OW, Citi Locations: North America, Montrose

☆ OpenAI's ChatGPT back online after 'major' outage
▼ + stars: | 2023-11-08 | by ( Hayden Field | ) www.cnbc.com time to read: +1 min

ChatGPT, OpenAI's viral chatbot is back online after experiencing a brief but major outage Wednesday morning. ET, affecting OpenAI's API services as well, which are used by more than two million developers. ChatGPT users were told that "ChatGPT is at capacity right now" and a status page referred to the issue as a "major outage." We are now seeing normal responses from our services," OpenAI said on its status page. Anthropic's Claude 2 chatbot, a ChatGPT competitor created by ex-OpenAI employees, also experienced issues on Wednesday.

Persons: Sarah Doody, ChatGPT, OpenAI, Anthropic's Claude, chatbot, Claude, Mira Murati Organizations: Fortune

☆ Here are Wednesday's biggest analyst calls: Apple, Rivian, Datadog, DraftKings, Lucid, Target, Adobe & more
▼ + stars: | 2023-11-08 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Wednesday's biggest calls on Wall Street: UBS reiterates Apple as neutral UBS said its checks show wait times for Apple's iPhone Pro and Pro Max have fallen. UBS reiterates Target as buy UBS lowered its price target on the stock to $174 per share from $184 but said it's standing by Target shares. Bank of America upgrades Fluence Energy to buy from neutral Bank of America said the energy storage is the next big thing in renewables. Bank of America reiterates Rivian as buy Bank of America said Rivian is "still in [the] right place/time with right product/strategy." Bank of America reiterates DraftKings as buy Bank of America said it's bullish heading in to DraftKing's investor day next week.

Persons: Pro Max, Wells, Isaac, it's, Cantor Fitzgerald, Cantor, TD Cowen downgrades Estee Lauder, Estee Lauder, Rivian, it's bullish, Goldman Sachs, Goldman, Raymond James downgrades Masimo, Raymond James, DraftKings, Bernstein, Mizuho downgrades Datadog, DDOG, MCHP Organizations: UBS, Apple, Pro, Target, 3Q, Citi, Bank of America, Energy, of America, South Korea Travel, EV, Susquehanna, TAM, Adobe, Mizuho, JPMorgan Locations: China, Europe, Japan, Mainland China, Hainan, MASI, bottoming

☆ Evercore ISI says S&P 500 may 'overshoot' year-end target
▼ + stars: | 2023-11-06 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

The S & P 500 has successfully weathered several key tests and should be in line for a year-end rally, according to Evercore ISI. "The implications set the S & P 500 on course to our year-end 4,450 PT, with a potential for overshoot to YTD highs," Emanuel continued. If the S & P 500 hits that mark, it means that the stock index will rise another 2% by the end of the year. The S & P 500 has fallen for three straight months and is down 5% since its year-to-date high near 4,600 in late July. .SPX YTD mountain The S & P 500 is down about 5% from its year to date high.

Persons: Julian Emanuel, Emanuel, — CNBC's Michael Bloom Organizations: ISI, Treasury, Survey

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