DIRS.INFO The most relevant business & tech news

Their huge and growing earnings, combined with a large number of shares outstanding, mean that the three companies exert a bigger influence on the S & P 500 earnings picture than any other. Fourth quarter earnings for the entire S & P 500 are expected to rise about 5% over the same period in 2022. For share-weighted earnings, the earnings (or earnings estimates) for each company are multiplied by the shares outstanding. What this means is that companies that are experiencing a rapid increase in their earnings can begin to exert an outsized influence on S & P 500 earnings. In a world where the S & P 500 is expected to see earnings growth of 10% this year, Nvidia's earnings growth is off the charts.

Persons: Technolgy, Nvidia —, John Butters, Jensen, Howard Silverblatt Organizations: Microsoft, Apple, Nvidia, Meta, P Global Locations: FactSet

☆ Malaysia Installs Sultan Ibrahim of Johor State as New King
▼ + stars: | 2024-01-30 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +1 min

KUALA LUMPUR (Reuters) - Malaysia's Sultan Ibrahim from the southern state of Johor was sworn in as the country's new king on Wednesday, taking the oath of office in a ceremony at the national palace in Kuala Lumpur. The monarchy plays a mostly ceremonial role in Malaysia, but its influence has grown in recent years, prompting the king to wield rarely-used discretionary powers to quell political instability. Sultan Ibrahim, 65, succeeds Al-Sultan Abdullah Sultan Ahmad Shah, who is returning to lead his home state of Pahang after completing his five-year tenure as king. While the monarchy is largely seen as above politics, Sultan Ibrahim has been noted for his forthrightness and outsized personality, often weighing in on the country's political issues. Known for his large collection of luxury cars and motorbikes, Sultan Ibrahim has wide-ranging business interests from real estate to mining, including a stake in Forest City - a $100-billion China-backed land reclamation and development project off Johor.

Persons: Sultan Ibrahim, Yang, Al, Sultan Abdullah Sultan Ahmad Shah, Rozanna Latiff, Danial Azhar, Martin Petty Organizations: Reuters Locations: KUALA LUMPUR, Johor, Kuala Lumpur, Malaysia, Pahang, Forest City, China

☆ S&P 500 futures are little changed as investors parse latest earnings reports: Live updates
▼ + stars: | 2024-01-29 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

S&P 500 futures are near flat Monday night as investors analyzed the latest corporate earnings with the Federal Reserve policy meeting on the horizon. These moves follow a winning day on Wall Street that brought the Dow and S&P 500 to their sixth record closes of the year. Monday marked the start of a busy week for corporate earnings, with 19% of companies in the S&P 500 set to report. Of the nearly one-quarter of S&P 500 members that have already reported, about 72% exceeded Wall Street expectations, according to FactSet. Elsewhere on Tuesday, investors will follow Microsoft and Alphabet , two of the mega-cap technology names set to report earnings this week.

Persons: Keith Buchanan, We've Organizations: New York Stock Exchange, Federal Reserve, Nasdaq, Dow Jones Industrial, Whirlpool, Dow, Globalt Investments, U.S . Treasury Department, Federal, Microsoft, Apple, General Motors, UPS, Starbucks Locations: New York City, U.S

☆ Speaker Mike Johnson’s historically narrow majority has shrunk even further
▼ + stars: | 2024-01-29 | by ( Clare Foran | ) edition.cnn.com time to read: +4 min

House Speaker Mike Johnson is overseeing one of the smallest House majorities in history as Congress confronts upcoming battles over government funding and contentious fights over immigration and impeachment. The razor-thin majority presents an enormous challenge for the speaker, leaving him with almost no room for error as he navigates demands from competing wings of his party. House Majority Leader Steve Scalise’s office has said that he will work remotely until returning to Washington in February as he recovers from a stem cell transplant. House Republicans were nearly evenly divided in the vote, a sign of the deep rift within the conference. The fate of these politically vulnerable members will be key to whether the GOP can hold onto its majority.

Persons: Mike Johnson, Bill Johnson, Kevin McCarthy’s, George Santos, Brian Higgins, Santos, Steve Scalise’s, Hal Rogers of, Johnson, McCarthy, Chuck Schumer, Joe Biden Organizations: Republicans, Ohio GOP, Youngstown State University, GOP Rep, Democratic, CNN, Republican, House Republican, House Republicans, GOP Locations: George Santos of New York, York, Washington, Hal Rogers of Kentucky

☆ Earnings season is like 'March Madness' for options traders. Here are some basic strategies
▼ + stars: | 2024-01-29 | by ( Zev Fima | ) www.cnbc.com time to read: +22 min

Say the premium is $2 on that $195 strike heading into earnings and I am sitting on 100 shares (remember every options contract represents 100 shares). If, however, shares hit the $195 strike, then I am, as the seller of that option contract, obligated to sell my shares at $195. To implement this strategy, you would sell a put at a higher strike price and then purchase another put as insurance at a lower strike price. In this case, we would be laying out $2 (paying $3 to buy the $195 strike and collecting $1 by selling the $190 strike). There are two high-level factors that determine an options price, intrinsic value and time value.

Persons: Jim Cramer's, It's, we'll, you'll, I've, it's, they're, we're, we've, We've, Jim Cramer, Steve Jobs, Tim Cook, Vega, Jim, Spencer Platt Organizations: CNBC, Jim Cramer's Charitable Trust, Club, Nvidia, New York Stock Exchange, Getty Locations: Delta, New York City

☆ At Sundance, a reckoning with our digital selves
▼ + stars: | 2024-01-29 | by ( Thomas Page | ) edition.cnn.com time to read: +11 min

Harper that premiered at this month’s Sundance Film Festival, rapper Kemba enters an electronics store. Sundance is a broad church, but one throughline this year was a reckoning with our digital selves. Courtesy of Sundance InstituteIn the game Steen could be whatever he wanted to be, do whatever he wanted to do. The Sundance Film Festival concluded on January 28. Documentary Competition)“Sujo” (World Cinema Dramatic Competition)“A New Kind of Wilderness” (World Cinema Documentary Competition)Audience Favorite Awards“Daughters” (U.S.

Persons: J.M, Harper, Kemba, “, headspace Harper, Deus, J.M . Harper, Jazmin Jones, Olivia McKayla Ross, Mavis Beacon, Mandela, she’s, Jones, McKayla Ross Gen, we’re, Siri, knotty, L’espérance, feelgood, Thelma, Squibb, Beacon, Yeleen Cohen, ”, Kristin Stewart, Sam, Andy Zuchero, Stewart, Steven Yeun, Déja, Liam, “ Sebastian ”, Mikko Mäkelä, Ruaridh, Mollica, David Nellist, Sebastian, James Watson, “ Ibelin, Benjamin Ree, Mats Steen, Steen, Steen’s, Ibelin . Ibelin, he’d, Ree, Ibelin, Steen's avater Ibelin, It’s, ’ “, Steen –, Sujo, Dìdi ”, Ibelin ”, Kneecap Organizations: CNN, Sundance, Motorola, Sundance Institute, Americans, Iam, AIs, Netflix, Sundance Film Locations: “, Haiti, ”, New York, Norwegian

☆ After Tesla’s dismal quarter, more of the Magnificent Seven face tests next week
▼ + stars: | 2024-01-28 | by ( Krystal Hur | ) edition.cnn.com time to read: +4 min

That comes as the rest of the “Magnificent Seven” — Nvidia, Microsoft, Meta Platforms, Amazon, Apple and Alphabet — continue climbing higher. Excluding Tesla, the Magnificent Seven is projected to report an aggregate 53.7% fourth-quarter earnings growth from the prior year, according to FactSet. Companies in the S&P 500 index are expected to report a 10.5% earnings decline minus those six firms. The “Magnificent Seven” excluding Tesla has a combined market cap of roughly $12 trillion, according to Bespoke Investment Group data through Wednesday’s close. Her firm owns all of the Magnificent Seven stocks except for Tesla.

Persons: Tesla, Howard Silverblatt, Dow, “ You’re, ”, Saira Malik, Russell, “, Shelby McFaddin, Wall, Joe Mazzola, Charles Schwab Organizations: New, New York CNN — Tech, Nvidia, Microsoft, Meta, Amazon, Apple, Companies, Big Tech, Dow Jones, Investors, Federal Reserve, Dow, Tesla, Investment, Federal, — Locations: New York

☆ Opinion: Martha Stewart is a feminist icon in ways you may never have imagined
▼ + stars: | 2024-01-27 | by ( Opinion Sarah Archer | ) edition.cnn.com time to read: +10 min

The new CNN Original Series “The Many Lives of Martha Stewart” premieres Sunday, January 28 at 9pm ET/PT. CNN —It’s rare to meet someone who’s totally indifferent to Martha Stewart. For women who remember the “Martha Stewart Living” media empire at the zenith of its influence — the 1990s — she can inspire a feeling of inadequacy. American media mogul and businesswoman Martha Stewart stands in a kitchen in August 1976. Snoop Dogg and Martha Stewart at a private table in the kitchen of Nice Guy in West Hollywood, Calif., Oct. 25, 2016.

Persons: Sarah Archer, ”, Martha Stewart ”, who’s, Martha Stewart, Sarah Archer Sarah Archer, she’s, Justin Bieber, Snoop Dogg, Martha, Martha I, steely perfectionism, homekeeping, Julia Child, doughty, “ Martha Stewart, Jadeite, Marc Morrone, Susan Wood, —, Anna Wintour, Nice Guy, Kendrick Brinson, Dobbs, they’ve Organizations: New York Times, Vox, Washington Post, Culture, CNN, Comedy Central, Sports Illustrated, Reading, Vogue Locations: Philadelphia , PA, Japan, Las Vegas, Turkey, Nice, West Hollywood, Calif, America, California

The firm named the stock a top pick for 2024 and reiterated an overweight rating alongside a $105 per share price target. The firm downgraded the health insurance stock to neutral from buy, and lowered its price target to $370 per share from $530. Sur reiterated an underweight rating on Intel stock alongside a $37 per share price target, or more than 25% downside moving forward. Deutsche Bank's Ross Seymour reiterated a hold rating on the stock as well as a $42 per share price target, implying about 15% downside. Analysts Benjamin Black upgraded the Snapchat parent company to buy from hold and raised his price target to $19 from $10.

Persons: Oppenheimer, Wells, Timur Braziler, — Brian Evans, AJ Rice, Brian Evans, Piper Sandler downgrades, Bancorp Piper Sandler, Piper Sandler's, Scott Siefers, Harlan Sur, Sur, America's Vivek Arya, Arya, Deutsche Bank's Ross Seymour, Seymour, Owen Lau, Lau, Coinbase, Analysts Benjamin Black, Black, Fred Imbert Organizations: CNBC, Deutsche Bank, UBS downgrades Humana, UBS, Humana, Piper Sandler downgrades U.S, Bancorp, U.S . Bancorp, Intel, . Bank, America's, GM, Deutsche, U.S . Securities, Exchange Commission, Analysts Locations: Wells Fargo, Puerto Rican, ., Coinbase, Thursday's, China

☆ Here’s what analysts are expecting from Tesla earnings
▼ + stars: | 2024-01-24 | by ( Pia Singh | ) www.cnbc.com time to read: +5 min

Analysts are largely cautious on Tesla — and the broader autos industry — ahead of the electric vehicle company's earnings on Wednesday. TSLA 1Y mountain Tesla shares over the past year. "There is continually growing evidence that the global EV market is in an unfavorable balance of supply (growing) vs. demand (slowing)." The analyst rates Tesla stock a buy with a $260 price target. Higher units likely require more price cuts," analyst Joseph Spak forecasted about Tesla's earnings in a Jan. 15 note.

Persons: Tesla, outsized, John Murphy, Murphy, Wells, Colin Langan, Langan, Morgan Stanley Morgan Stanley, Adam Jonas, Jonas, Emmanuel Rosner, Rosner, Joseph Spak Organizations: Tesla, Bank of America, Deutsche Bank Deutsche Bank Research, UBS UBS, UBS Locations: China, Tuesday's, Downside, Wells Fargo, Europe

☆ Large stocks celebrate record while small caps remain mired in bear market
▼ + stars: | 2024-01-23 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Small caps are conspicuously absent from Wall Street's bull market party. The S & P 500 confirmed Friday that a new bull market has begun, breaking both its intraday and closing record high from January 2022. Year to date thus far, the S & P 500 is up more than 1%, while the Dow has climbed 0.5%. "We think it's when the Fed cuts rates not if; this boosts small more than large," he wrote in a Monday note. Not everyone on Wall Street is as optimistic that Fed rate cuts will be an outsized catalyst for small caps.

Persons: Russell, Jason Goepfert, Sundial's Goepfert, Steven DeSanctis, DeSanctis, Barclays's Stefano Pascale, Pascale Organizations: Dow Jones, Dow, Nvidia, Meta, Microsoft, Capital, Micro, Wall

"We're going to win Iowa," DeSantis declared on NBC's "Meet the Press" on Dec. 2. NBC News reached out to both the DeSantis campaign and Never Back Down for comment for this piece. 'I knew they were stupid'DeSantis' presidential campaign was a mess from the moment it launched. "What harmed the campaign the most off the bat was that it didn't have a clear purpose and message," a former DeSantis campaign staffer said. "The blunt truth is that DeSantis' presidential campaign was sabotaged through early incompetence in Tallahassee," the person said.

Persons: Ron DeSantis, Brendan Mcdermid, DeSantis, Scott Wagner, Wagner, Nikki Haley, Trump, Haley, Jordan Wiggins, Donald Trump, —, Donald Trump —, Elon Musk, Ron, Generra Peck, Ryan Tyson, Christina Pushaw —, Bill Mitchell, Mitchell, Peck, …, Ken, Ken Griffin, Griffin, I'm, Jeff Roe, Roe, Hugh Hewitt, dethrone Trump, it's, Jess Szymanski, we've Organizations: Florida Gov, Republican, Reuters, PAC, Iowa, NBC, New, Trump, NBC News, Gov, DeSantis, Fox News, United Nations, Republican Party, Trump GOP, Twitter, Federal, Commission, Florida GOP, of Justice, Roe, South, Tallahassee Locations: Florida, Iowa, West Des Moines , Iowa, Reuters Iowa, New Hampshire, DeSantis, New York, Tallahassee, South Florida, Iowa , New Hampshire, South Carolina

☆ ‘America Is Under Attack’: Inside the Anti-D.E.I. Crusade
▼ + stars: | 2024-01-20 | by ( Nicholas Confessore | ) www.nytimes.com time to read: +44 min

‘America Is Under Attack’: Inside the Anti-D.E.I. “In support of ridding schools of C.R.T., the Right argues that we want nonpolitical education,” Mr. Klingenstein wrote in August 2021. In a 2023 exchange, Dr. Yenor and two associates discussed how to defend Amy Wax, a conservative law professor at the University of Pennsylvania. Dr. Yenor and his allies bristled at the conventions of academic life as overly solicitous toward female and nonwhite students. Samuel Ginn, Claremont donor“The president then told him, ‘Things will change,’” a Claremont fund-raiser wrote to Dr. Yenor and other officials there.

Persons: “ wokeism ”, Chancellor Sharp, Sam Ginn, DeSantis, !, Searle, Scott Yenor's, Alabama Jeff Sessions, peter thiel, thiel, Dan Patrick, Patrick, Texas Long, Claudine Gay, Harvard’s, Trump, Ron DeSantis, Peter Thiel, Heather Mac Donald, ”, Scott Yenor, “, ” Scott Yenor, Claremont, Critics, George Floyd, Donald J, Trump’s, Thomas D, Thomas Klingentstein, ” Mr, Klingenstein, Yenor, Christopher Rufo, fromScott Yenor, Floyd, Mao Zedong’s, Ryan P, Williams, Jack Miller, Ryan Williams, Miller, zealots, Mao Zedong's, ” Claremont, Taube, tothe, Arthur N, Chris Ross, Dockweiler, Elizabeth Ailes, Roger Ailes, Daniel C, Searles, fromChris Ross Ryan, I'd, Dorian Abbot, Mr, Ross, Dr, Amy Wax, Wax, Wax’s, David Azerrad, . Azerrad, fromScott, Azerrad, —, ’, Mac Donald, Mac Donald1 —, fromDavid Azerrad Heather, that's, Thiel —, Thiel’s, bristled, Riffing, Bill Burr, hadn’t, Burr, George W, Bush, ” Tennessee’s, Susan Kaestner, Jeff Sessions, Samuel Ginn, Christopher B, Roberts, Roberts “, Ginn, ” Bowdoin, Thomas Klingenstein, Janet Mills, Mills, ‘, Sarah Huckabee Sanders, Kevin Stitt, he’d, fromThomas, Glenn, sputtered, retool, didn’t, Jim Banks, Banks’s, Banks, Gay, Elise Stefanik Organizations: MIT, Trust, Texas, Claremont, Republicans, Senate, The New York Times, Republican, Claremont Institute, Gov, D.E.I, New, Manhattan Institute, Maine Policy Institute, ”, Texas Public Policy Foundation, Equity, Jack Miller Family, Jack Miller Family Foundation America, Capitol, Freedom Trust, Rupe Foundation, Scaife, Fox News, Massachusetts Institute of Technology, University of Pennsylvania, Hillsdale College, Boise State University, Boise, University of Wisconsin, Eau Claire, Trump, Boise State, University of Tennessee, Arkansas, Alabama, Auburn University, University of Alabama, Auburn, Bowdoin College in, NAS, Bowdoin, Democratic, Mr, Maine Public Radio, American, Association, Maine Department of Education, Indiana Republican, Education, Harvard, New York Republican Locations: Texas, Tennessee, North Carolina, Maine, Montana , Utah , Oklahoma , Texas, South Carolina , Florida, Louisiana, America, defund, Alabama, Tallahassee, Union, California, Florida, Maine , Tennessee, Idaho, New York, Florida , Louisiana, North Carolina , Oklahoma , Tennessee, Wisconsin, Darling, Dallas, Utah, C.R.T, United States, Hillsdale, Eau, India, Boise State, Boise, Manhattan, Canadian, Dixie, Maine —, Bowdoin College in Maine, Colonial America, ”, Maine’s, la, Portland, Northern Maine, Arkansas, Yenor, Indiana, Israel

☆ 'A lot of ifs and leaps of faith': 7 investment chiefs and strategists break down earnings trends in what may be a make-or-break Q4, and 3 sectors to watch
▼ + stars: | 2024-01-19 | by ( James Faris | ) www.businessinsider.com time to read: +9 min

Markets are closely monitoring Q4 earnings results, which began rolling out in mid-January, since they give much-needed clarity on the prior year while setting the tone for the year ahead. AdvertisementWhat to expect during the Q4 earnings seasonEarnings seasons often bring surprises, but there are also bankable bets. But we're going to be driven more by the macro, if we're excluding these mega-cap tech stocks." 3 sectors with boom-or-bust potentialWhile the strategists Business Insider spoke with didn't provide investing recommendations, several shared which sectors they're watching in Q4. Bianco believes the tech sector's earnings will rise over 20% this year.

Persons: —, Matt Stucky, Stucky, David Kelly, UBS Josh Jamner, That's, Jamner, Carol Schleif, Schleif, there's, Anthony Saglimbene, David Bianco, Saglimbene, Bianco, Brad Klapmeyer, Klapmeyer, " Bianco, Ameriprise's Saglimbene, BMO's Schleif, Indrani De, De, she's, he'd, that's Organizations: Service, Business, Northwestern Mutual Wealth Management, Asset Management, UBS, ClearBridge Investments, BMO Family Office, DWS, Macquarie Asset Management, FTSE Russell Locations: Americas

Trading on the world's largest exchange would give JBS, which applied in July, access to more capital and enhance its credibility. Political Cartoons View All 253 ImagesThe dispute highlights the connection between finance and various drivers of climate change, such as deforestation. Two-thirds of Amazon deforestation results from conversion to pasture for livestock, according to the Brazilian government. In 2020, it created the JBS Fund For the Amazon. In the three years since inception, the JBS Fund for The Amazon has provided $15 million to 20 projects, according to its website.

Persons: ”, JBS, Elon Musk, Carlos Nobre, Liège Correia, Andrea Azevedo, “, ” Azevedo, Azevedo, Glenn Hurowitz, it's Organizations: Securities and Exchange Commission, New York Stock Exchange, U.S, Democrats, Republicans, SEC, NYSE, Associated Press, Brazil’s Agencia Publica, JBS S.A, JBS Fund, The, Forest Peoples Connection, Elon, SpaceX, Good Food Institute, United Nations, JBS, AP Locations: BRASILIA, Brazil, United States, United Kingdom, Rondonia, pirarucu, U.S, Dubai, AP.org

☆ NASA's James Webb Space Telescope broke its own record to discover the oldest black hole yet, but it has astronomers even more confused about the beginning of the universe
▼ + stars: | 2024-01-17 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +4 min

Read previewThe James Webb Space Telescope has discovered the oldest black hole ever detected, breaking its own record. It's about 40 million years older than the record-breaking black hole Webb also discovered and announced in November. AdvertisementA cosmic clue in this black hole's outsized appetiteA disk of hot gas swirls around a feeding black hole in this illustration. AdvertisementPeering at the early universe with Webb "is like upgrading from Galileo's telescope to a modern telescope overnight," Maiolino said. He added that his team hopes to search for smaller "seeds" of black holes with future Webb observing time.

Persons: —, James Webb, Webb, Nick Risinger, JWST, Chandra, Daniel Holz, Roberto Maiolino, Maiolino Organizations: Service, Business, ESA, Hubble, Sky Survey, NASA, CSA, University of Chicago, New York Times, University of Cambridge, JPL, Caltech

ROCHESTER, N.H. (AP) — Kristina Amyot’s life has drastically improved since the last New Hampshire primary, but she isn’t confident the current candidates will help others achieve the same success. “I have self-worth now.”New Hampshire, a small state with an outsized role in presidential politics, has heard from candidates promising action on the opioid crisis for several presidential elections now. Political Cartoons View All 253 Images“I feel like every four years it gets talked about, and then it gets lost. More than 80,000 people died of opioid overdoses in 2022, according to the U.S. Centers for Disease Control and Prevention. The final tally for 2022 — 486 deaths — was only four short of the all-time high for New Hampshire, a state of about 1.4 million people.

Persons: — Kristina Amyot’s, “, ”, —, Kerry Norton, it’s, Donald Trump, Ron DeSantis, Nikki Haley, DeSantis, Haley, Jay Ruais, Ruais, It’s, Norton, “ I’m, Chris Christie, Trump, Amyot, we’re Organizations: Hope, U.S . Centers for Disease Control, Republicans, New, Florida Gov, Republican, ” Former New Jersey Gov, White Locations: ROCHESTER, N.H, Hampshire, Haven Hill, ” New Hampshire, New Hampshire, Rochester, U.S, China, Manchester , New, ”, Hope, Haven

☆ Jim Cramer addresses Morgan Stanley's losing streak and what the new CEO needs to do about it
▼ + stars: | 2024-01-17 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. "All parabolic moves end badly," Jim Cramer said Wednesday. Morgan Stanley was on a six-session losing streak, including Wednesday's decline. Morgan Stanley shares sank more than 4% on Tuesday after comments on the post-earnings conference call about wealth management margin consolidation. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer, Jim, Morgan Stanley, Ted Pick's, James Gorman, Disney, Nelson Peltz's, Gorman, Nelson Peltz, Jim Cramer's Organizations: CNBC, Disney Locations: U.S, Europe

☆ Elon Musk demands another huge payday from Tesla
▼ + stars: | 2024-01-16 | by ( David Goldman | ) edition.cnn.com time to read: +4 min

New York CNN —Elon Musk says he wants a significantly larger stake in Tesla than the one that already made him the richest person on the planet. Enough to be influential, but not so much that I can’t be overturned,” Musk wrote in a post on X. Musk and the Tesla board of directors were accused of breaching their fiduciary duties for waste and unjust enrichment. Musk on Monday said he and Tesla are waiting for ruling in the case before they agree to a new pay package. But Musk said a dual-class system at Tesla was a nonstarter, blaming a “post-IPO Delaware.” It’s unclear exactly what Musk meant by that.

Persons: New York CNN — Elon Musk, Musk, Tesla, ” Musk, “, Mark Zuckerberg, ”, they’re Organizations: New, New York CNN, Wall Street, Tesla, Fidelity, Meta, Vanguard, BlackRock, Regulators Locations: New York, Tesla, Worth, Delaware, BlackRock

☆ Goldman says this solar tech stock can surge nearly 50%
▼ + stars: | 2024-01-16 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

The investment bank initiated coverage of the solar technology company with a buy rating, simultaneously setting a 12-month price target of $62. Nextracker is the world's largest supplier of solar trackers, devices that optimize solar panels by tracking the sun's path. The company's shares have fallen nearly 10% in 2024 after Nextracker completed its spinoff from Flex on Jan. 2. "We note that the value of the credits [for solar trackers] are actually among the most lucrative across all solar components," wrote Goldman Sachs analyst Brian Lee. "The [total addressable market] for solar trackers globally amounts to approximately close to 5X the size of the U.S. market, with a penetration of ~20%-30% (vs. ~80% in the U.S.)."

Persons: Goldman Sachs, Nextracker, Goldman, Brian Lee, Lee, — CNBC's Michael Bloom Organizations: Nextracker, Flex, NXT Locations: U.S

☆ Explainer-New Hampshire 2024 Primary: When Is It? What's at Stake?
▼ + stars: | 2024-01-16 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +5 min

The New Hampshire primary comes eight days after Iowa's Republican caucuses, which former President Donald Trump dominated. The New Hampshire primary will take place on Tuesday, Jan. 23, with the precise hours dependent on the voting location. That means the New Hampshire primary will serve purely as a barometer of support for the Democrats in the race. But New Hampshire state law requires it to host the first primary, and the Republican-controlled state government declined to make any legislative change to its primary date. Democratic President Joe Biden is running for reelection but will not be on the ballot because of the primary date dispute.

Persons: Gram Slattery, Donald Trump, Ron DeSantis, Nikki Haley, DeSantis, Haley, Dean Phillips, Marianne Williamson, Joe Biden, Trump, Chris Christie, Biden, Phillips, Colleen Jenkins, Jonathan Oatis Organizations: Republican, The New, Republicans, Republican National Convention, Democratic National Convention, Democrats, Democratic Party, Hampshire's, WHO, Trump, Democratic, Dean Phillips of Minnesota, Former New Jersey, Biden, Reuters, New Locations: New Hampshire, The New Hampshire, Hampshire, Iowa, South Carolina, Trump , Florida, Northeastern

☆ Goldman Sachs tops revenue estimates on better-than-expected asset management results
▼ + stars: | 2024-01-16 | by ( Hugh Son | ) www.cnbc.com time to read: +4 min

Goldman Sachs on Tuesday posted fourth-quarter results that topped analysts' expectations on better-than-expected asset and wealth management revenue. Companywide revenue rose 7% to $11.32 billion on growth from asset and wealth management and platform solutions divisions. The growth engine for the bank, according to Solomon, is now its asset and wealth management division, which is benefiting from the rise in private credit and other alternative assets. Asset and wealth management revenue jumped 23% from a year earlier to $4.39 billion, topping the StreetAccount estimate by nearly $550 million, on higher revenue from equity and debt investments and rising management fees. Equities trading revenue jumped 26% to $2.61 billion, thanks to derivatives activity and financing fees, topping the $2.22 billion StreetAccount estimate.

Persons: Goldman Sachs, wasn't, LSEG Goldman, Goldman, David Solomon, Solomon, outsized, Morgan Stanley, Wells Fargo Organizations: LSEG, LSEG ., Investment, Wall, JPMorgan Chase, Bank of America, Citigroup, CNBC PRO

☆ What Wall Street bosses from Goldman Sachs to JPMorgan are saying about the jobs outlook for 2024 in investment banking, wealth management, and more
▼ + stars: | 2024-01-16 | by ( Emmalyse Brownstein | Alex Morrell | Reed Alexander | ) www.businessinsider.com time to read: +11 min

Last year, banks opened 2023 by forecasting layoffs, including for the investment bankers who suddenly had nothing to do following the pandemic-era M&A and IPO boom. Citigroup kicked off 2024 ominously, warning that it will lay off as many as 20,000 employees by 2026. The bank expects 2024 expenses to increase further to total $90 billion, up $2.8 billion from 2023, and much of that will be focused on hiring. CFO Barnum on Friday said the bank is gearing up for a "rebound in the investment banking wallet." Headcount declined 3% to 80,006 from 82,427, while compensation expenses rose to $24.5 billion from $23 billion.

Persons: It's, it's, Jane Fraser, Jeremy Barnum, JPMorgan Chase Jamie Dimon, JPMorgan Chase, Alex Wroblewski, JPMorgan's headcount, Barnum, Friday, Patrick T, Fallon, —, Fraser, Q, Goldman Sachs Goldman Sachs, David Solomon, BRENDAN MCDERMID, Goldman Sachs, Denis Coleman, Coleman, Goldman, Bank of America Brian Moynihan, Robert Galbraith, headcount, BofA, Alastair Borthwick, execs, they've, Brian Moynihan, Wells Fargo Charles Scharf, Lucy Nicholson Wells Fargo, Michael Santomassimo, Charlie Scharf, Santomassimo, BlackRock Larry Fink, Fink, Kapito, Morgan Stanley Ted Pick, Morgan Stanley, Jeenah, Headcount, Morgan, Ted Pick, Sharon Yeshaya, Blackstone Steven Schwarzman, Blackstone, Gonzalo Fuentes Organizations: Business, Citigroup, JPMorgan, Citi, BlackRock, Blackstone, Getty, AlphaSense, Citigroup Citigroup, Bank of America, REUTERS, Robert, Robert Galbraith Bank of America's, Reuters, AP BlackRock, Global Infrastructure Partners Locations: Wall, headcount, Wells Fargo

ROME (AP) — José Mourinho is leaving Roma “with immediate effect,” the club announced Tuesday — ending an at times successful but also turbulent stay in the Italian capital for the veteran coach. Mourinho was in his third season at Roma and his contract was due to expire in June. He led the Giallorossi to the UEFA Conference League title in his first season and Roma was a Europa League finalist last season. “AS Roma can confirm that José Mourinho and his coaching staff will leave the club with immediate effect,” the club said in a statement. “Arrivederci, Roma,” Mourinho said on X, the social media platform formerly known as Twitter, next to a photo of him carrying the Conference League trophy.

Persons: — José Mourinho, Roma, Mourinho, —, José Mourinho, ”, Dan, Ryan Friedkin, “, ” Roma, Daniele De Rossi, Antonio Conte, “ Arrivederci, ” Mourinho, Paulo Dybala, Lukaku, ___ Organizations: ROME, Roma, AC Milan, Serie, League, Lazio, Italian, UEFA Conference League, Europa League, UEFA, Sevilla, Milan, “ AS Roma, AS Roma, ”, Twitter, Conference League, Porto, Inter Milan, Manchester United, Chelsea, Real, Stadio Olimpico Locations: Saudi Arabia, Roma, Real Madrid, Portuguese

Political Cartoons View All 253 ImagesDemocrats are also encouraged by Texas Republican Sen. Ted Cruz eking out reelection in 2018 by less than 3 percentage points over Democrat Beto O'Rourke. In Florida, meanwhile, Republican Sen. Rick Scott won his seat that year by around 10,000 votes out of 8.1-plus million cast. In Texas, Democratic Rep. Colin Allred of Dallas will have to overcome primary challenger Roland Gutierrez, a state senator from San Antonio, before he can take on Cruz. “Just 'cause they’re the best options they have doesn’t mean they're winnable, doesn't mean they're competitive,” said Texas Republican strategist Matt Mackowiak. National Republicans are eying Ohio, where Democratic Sen. Sherrod Brown was first elected in 2006, and Montana's Jon Tester, also a three-term Democratic incumbent.

Persons: Joe Biden's, West Virginia Democratic Sen, Joe Manchin, Roe, Wade, Dallas, Kate Cox, Texas Republican Sen, Ted Cruz eking, Democrat Beto O'Rourke, Republican Sen, Rick Scott, “, Michigan Sen, Gary Peters, Debbie Mucarsel, Powell, Carlos Curbelo, Colin Allred, Roland Gutierrez, hasn't, O'Rourke, Cruz, ”, Matt Mackowiak, ′, West Virginia . Montana Sen, Steve Daines, Scott, Democratic Sen, Sherrod Brown, Jon Tester, Daines, Trump, Mucarsel, Allred, Cox, I’ve, “ Rick Scott, ” Mucarsel, Biden, “ Debbie Mucarsel, ” Scott, Jonathan Turcotte, Catherine Cortez Masto, can’t, Beto, MacKowiak Organizations: WASHINGTON, —, West Virginia Democratic, Republicans, Texas Republican, Democrat, Republican, Democratic, Democratic Senatorial, West Virginia ., National Republican Senatorial Committee, National Republicans, Senate, GOP, Trump, Texans, Social Security, Biden, Nevada Sen, NFL, Democrats ’ Senate Locations: Texas, Florida, In Florida, Michigan, Miami, In Texas, San Antonio, Cruz . Texas, West Virginia, West Virginia . Montana, Ohio, Illinois , Texas , Michigan, Pennsylvania, Georgia, U.S, Mexico, Ecuador, Washington

Search resuls for: "Outsized"

25 mentions found