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☆ Microsoft’s on a tear. Here’s why the stock's run higher is set to continue
▼ + stars: | 2023-11-09 | by ( Morgan Chittum | ) www.cnbc.com time to read: +3 min

Microsoft (MSFT) stock notched all-time highs this week, and we expect shares will soar even higher through the end of the year on the back of artificial intelligence. Microsoft stock has been on its longest winning streak in four years, recording nine-consecutive sessions of gains as of Wednesday. MSFT YTD mountain Microsoft (MSFT) year-to-date performance Microsoft at the start of November started officially selling 365 Copilot , an AI add-on for the company's suite of Office applications used by businesses. The Club maintains a $400-per-share price target on Microsoft stock and a 1 rating, meaning we would be buyers at current levels. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: OpenAI, Satya Nadella, Nadella, Piper Sandler, Jim Cramer's, Jim Cramer, Jim, Justin Sullivan Organizations: Microsoft, CNBC Locations: OpenAI, San Francisco

☆ Barbie who? Gen Alpha kids 'obsessed' with skin care could fuel holiday spending
▼ + stars: | 2023-11-09 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +9 min

Instead, something unexpected made it to the top of the list this year: skin care. During the crucial holiday shopping season this year, Gen Alpha's fascination with skin care is expected to fuel a boon in sales. Beauty – two brands that have used TikTok to win over young consumers – also said they expect sizable sales this holiday from parents looking for gifts for their Gen Alpha kids. She said her daughter's interest in skin care is "great," and better than playing around with makeup. He coined the term Gen Alpha and is considered a leading expert on the generation.

Persons: Melissa Fuentes, Tatiana, Fuentes, …, Gen, Ulta, Monica Arnaudo, Melissa Repko, –, We've, Shai Eisenman, Bubble's, Tarang Amin, It's, Amin, Piper Sandler, That's, Rick Aaron, Allie, Katie, Aaron, Rick Aaron's, it's, Marley, Rose, me Marley, she'll, Karla Joseph, skincare, Karla Joseph She, Joseph, she's, Amy Wechsler, Wechsler, Johnson, Jodi Gralnick, CNBC Wechsler, Alpha, Mark McCrindle Organizations: CNBC, YouTube, America's, Alpha, Walmart Locations: Coral Springs , Florida, serums, British, Salt Lake City, Sephora, New York City

☆ Piper Sandler says buy retail
▼ + stars: | 2023-11-08 | 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 EmailPiper Sandler says buy retailThe "Halftime Report" traders debate the biggest analyst calls of the day.

Persons: Piper Sandler

☆ Microsoft's GitHub announces Copilot assistant that can learn about companies' private code
▼ + stars: | 2023-11-08 | by ( Jordan Novet | ) www.cnbc.com time to read: +4 min

Microsoft -owned GitHub on Wednesday introduced a more expensive Copilot assistant for developers inside companies that can explain and provide recommendations about internal source code. Last month Microsoft CEO Satya Nadella told analysts on a conference call that GitHub Copilot had accumulated 1 million paid users. The new GitHub Copilot Enterprise will cost more than double the business offering, at $39 per person per month. On GitHub's website, people with Copilot Enterprise licenses can choose repositories to fine-tune Copilot on proprietary code. From there, they can ask GitHub's Copilot chatbot about elements of existing code and suggest lines of code in development environments.

Persons: Thomas Dohmke, GitHub, Satya Nadella, GitHub Copilot, GitHub's, Stephen O'Grady, Amazon's CodeWhisperer, Dohmke, Gartner, Copilot, O'Grady, Piper Sandler Organizations: Microsoft, Amazon, Services, CNBC, Copilot Enterprise, Google, Gartner, Enterprise, Piper, Copilot Locations: Toronto, San Francisco

☆ Analysts believe Rivian is turning around, Goldman sees 40% upside
▼ + stars: | 2023-11-08 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

Rivian shares, meanwhile, are up 9% this month. What analysts are saying Goldman analyst Mark Delaney raised his price target by $2 to $25, implying shares can gain 43.5% from Tuesday's close. "If we gain more conviction in the timing/path to profitability we could be more positive on the stock," Delaney said. RIVN YTD mountain Rivian stock. He still raised his price target by $5 to $24, which implies shares can gain 37.8% over the next 12 months.

Persons: Goldman Sachs, Morgan Stanley, Rivian, Tesla, Ford, Goldman, Mark Delaney, Delaney, Chris McNally, McNally, Wells, Colin Langan, …, Langan, Piper Sandler, Alexander Potter Organizations: General Motors, Ford, Tesla, ISI Locations: North America, Tuesday's, Wells Fargo, Georgia, U.S

He also lowered his price target by $6 to $120, implying just 3.9% upside from Tuesday's close. Analyst Shaun Kelley has a $40 price target on shares, implying shares could gain 11.4% from Tuesday's close. Rivian shares jumped more than 7% after the company increased its production forecast for the full year by 2,000 units to 54,000. Datadog shares have produced zero return over the past three years, Murphy noted, with shares down 9% since Oct. 15, 2020. UBS has a neutral rating on Apple and a price target of $190 per share, which implies upside of 4.5%.

Persons: Cowen downgrades Estee, TD Cowen, Estee Lauder, Oliver Chen, Chen, — Hakyung Kim, Shaun Kelley, Kelley, Goldman, Goldman Sachs, Neil Mehta, Mehta, There's, Colin Langan, Langan, Piper Sandler, Alexander Potter, Potter, Rivian, Mark Delaney, Morgan Stanley, Jonas, Mark Murphy, Murphy, David Vogt, Vogt, Fred Imbert Organizations: CNBC, Tech, UBS, JPMorgan, Revenue, Asia, Bank of America, Industry, Mehta ., Wall Street, Rivian, pullbacks, Pro, Pro Max, Apple Locations: China, Asia Pacific, Europe, Middle East, Africa, Tuesday's, U.S

☆ The laws British PM Sunak wants to pass before the next election
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +5 min

The King's Speech - given by the monarch but written by government ministers - opens the new session of parliament. This is likely to be the last one before the election, which must be held by January 2025, and many policies were aimed at appealing to voters. CIGARETTES AND VAPESThe Tobacco and Vapes Bill will deliver on Sunak's promise made last month to phase out all tobacco sales in England. SOCCER REGULATORThe government plans to set up an independent football regulator, who will be responsible for scrutinising club owners and their financial resources. The new legislation will require owners to ensure fans are consulted on changes to club's badges, names and shirt colours.

Persons: Rishi Sunak, Keir Starmer, Hannah McKay, King Charles, Bill, Andrew MacAskill, Alistair Smout, Elizabeth Piper, Alex Richardson, Barbara Lewis Organizations: British, Labour Party, REUTERS, Conservatives, Petroleum, Markets, Competition, Consumers, SOCCER, Super League, Trans, Pacific, Thomson Locations: London, Britain, England, North, Freehold, Wales, Pacific, Australia, Japan

Former President Donald Trump attends the Trump Organization civil fraud trial at New York Supreme Court on Monday. Brendan McDermid/Pool/ReutersDuring testimony, Donald Trump leaned into the microphone saying, "This is a very unfair trial. Very, very and I hope the public is watching.”The court then adjourned for a 15 minute break. Trump did not speak on his way out of court, but slammed the case on Truth Social. This is a level of Election Interference never before seen in our country," the email reads.

Persons: Donald Trump, Brendan McDermid, Trump, fundraise, Joe Biden Organizations: Trump Organization, New, Supreme, New York Times, Siena College Locations: Manhattan

☆ CNBC Daily Open: A cool jobs report heats up markets
▼ + stars: | 2023-11-06 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Winning weekStocks and bonds in the U.S. rallied in tandem on Friday as markets digested jobs data and rebounded from October lows. Musk's GrokElon Musk's new AI company, xAI, released Grok, a generative artificial intelligence chatbot similar to ChatGPT. But Buffett's company did register a loss of $24.1 billion in the third quarter because of drops in Apple's shares.

Persons: nonfarm, That's, Grok Elon, Grok, Berkshire Hathaway, Stocks, Piper Sandler Organizations: Los Angeles, CNBC, Siemens, India's Siemens Ltd Locations: Los Angeles , California, U.S

☆ Markets will stay between a soft and hard landing, says Piper Sandler's Michael Kantrowitz
▼ + stars: | 2023-11-06 | 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 EmailMarkets will stay between a soft and hard landing, says Piper Sandler's Michael KantrowitzMichael Kantrowitz, chief investment strategist at Piper Sandler, joins 'Power Lunch' to discuss his market outlook, job numbers, and more.

Persons: Piper Sandler's Michael Kantrowitz Michael Kantrowitz, Piper Sandler

People look towards Big Ben and the Houses of Parliament, where Britain's King Charles III will set out the government's forthcoming legislative plans in a speech on Tuesday, in London, Britain, November 6, 2023. "I want everyone across the country to have the pride and peace of mind that comes with knowing your community ... is safe. That is my vision of what a better Britain looks like," Sunak said in a statement before the speech. In the most despicable cases, these evil criminals must never be free on our streets again. Reporting by Elizabeth Piper and Andrew MacAskill; Editing by Andrew HeavensOur Standards: The Thomson Reuters Trust Principles.

Persons: Big Ben, King Charles III, Toby Melville, Sunak Sunak, Labour King's, King Charles, Rishi Sunak's, Sunak, Bill, Charles, Queen Elizabeth, Elizabeth Piper, Andrew MacAskill, Andrew Heavens Organizations: REUTERS, Labour, LONDON, British, Conservatives, Labour Party, Reading, Thomson Locations: London, Britain, Buckingham Palace, Westminster

As Harvick readied to return to Phoenix Raceway — a track where he was once practically unbeatable — it finally hit him that he's done as a NASCAR Cup Series driver. Political Cartoons View All 1234 ImagesHarvick isn't going very far and can't really fathom a life away from the racetrack. Now he's 47 and a former Cup champion with 60 career victories, good for 10th on NASCAR's all-time wins list. "And then you have kids and you look around and you realize, ‘Man, this is really what my life is all about. I love racing.’ That really came from watching Keelan race and watching him grow to love this sport and watching the other parents and the other kids.

Persons: Kevin Harvick's, Harvick, He'll, ” Harvick, “, isn’t, ”, Stewart, Dad, Piper, Dale Earnhardt's, Richard Childress, Earnhardt, he'll, Keelan, “ I’m, “ We’ll, ‘, I’m, he's, He's, ‘ Don’t, It’s, you’ve Organizations: Phoenix, NASCAR, Fox Sports, Harvick, Haas Racing, Ford, Richard Childress Racing Locations: AVONDALE, Ariz

☆ Ivanka Trump withdraws appeal of judge’s order requiring her testimony next week in civil fraud trial
▼ + stars: | 2023-11-03 | by ( Kara Scannell | Piper Hudspethblackburn | ) edition.cnn.com time to read: +2 min

CNN —Ivanka Trump on Friday withdrew her appeal of a judge’s order requiring her to testify at her father’s civil fraud trial next week after an appellate court refused to pause her testimony. Ivanka Trump’s testimony comes after she was previously dismissed as a co-defendant in the New York case against former President Donald Trump, two of his adult sons and his company. On Thursday night, an appeals court denied Ivanka Trump’s request to postpone her testimony until her lawyers could make arguments before the panel that she shouldn’t be required to appear. Ivanka Trump’s brothers, Donald Trump Jr. and Eric Trump, appeared in court this week. The civil trial began in October, soon after Engoron found in September that Trump and his co-defendants were liable for “persistent and repeated” fraud.

Persons: CNN — Ivanka Trump, Ivanka, Donald Trump, Arthur Engoron, Ivanka Trump’s, Donald Trump Jr, Eric Trump, Engoron, Trump, Ivanka Trump, Letitia James ’, Jeremy Herb, Laura Ly, Lauren del Valle Organizations: CNN, Friday, New, Trump Organization, New York Locations: New York, Florida, York, New

☆ Buy these stocks that historically win when yields fall, Jefferies says
▼ + stars: | 2023-11-03 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Lower Treasury yields could be good news for some stocks on Wall Street, according to Jefferies Equity Research. Stocks soared on the news, even as Fed Chair Jerome Powell insisted that efforts to tame persistent inflation have further to go. Treasury yields pulled back after the the November Federal Open Market Committee decision, with the benchmark 10-year note falling 15 basis points. With interest rates now seemingly on the backfoot, Jefferies screened for stocks with a negative correlation to the 10-year Treasury — meaning they historically benefit from lower interest rates. Stocks have a negative correlation to U.S. bond yields, notably 5- and 10-year yields Tech behemoth Microsoft is one of the outstanding beneficiaries to a decline in the 10-year.

Persons: Stocks, Jerome Powell, Dow Jones, Jefferies, Peramunetilleke, Piper Sandler, Horton, Wells, Goldman Sachs, Blackstone, companyies, Michael Bloom Organizations: Treasury, Jefferies Equity Research, Federal Reserve, Labor, Dow, Microsoft, Horton, Jefferies, Blackstone, Vista Equity Partners, Energy Locations: 2H23, Horton

☆ Everything is lining up right for these stocks, according to Piper Sandler
▼ + stars: | 2023-11-03 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

As the market gets off to a strong start for the new month, Piper Sandler sees the stars aligning for certain stocks. All stocks on the Piper Sandler list have an overweight rating. Piper Sandler's high-conviction list comes as stocks head for their best week of the year . E-commerce giant Amazon made the Piper Sandler list, underpinned by both its earnings growth and momentum heading into future results. The firm also noted that Amazon stock is headed toward its 52-week high and could break out above $146 per share.

Persons: Piper Sandler, Piper Sandler's, Thomas Champion, Lululemon, LULU, Abbie Zvejnieks, Zvejnieks, Amgen, Christopher Raymond, Raymond Organizations: Federal Locations: American, ecommerce

☆ I shopped Sephora and Ulta to compare selection and experience. There was a clear winner in each category.
▼ + stars: | 2023-11-03 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +2 min

AdvertisementAdvertisementAmong the stores Gen Z shops the most, Sephora and Ulta are neck-and-neck for the top beauty stores. But in the most recent survey, Sephora moved to the number one slot. AdvertisementAdvertisementThe Piper Sandler survey also found that both brands have some of the most successful loyalty programs among Gen Z. Of the female teens surveyed with membership accounts, 67% are Sephora Beauty Insiders, and 60% are ULTAmate rewards members. I visited Sephora and Ulta to see how they compare and what draws Gen Z to both brands.

Persons: Sephora, Ulta, —, Piper Sandler's, Gen Z, Louis Vuitton, Jean, Jacques Guiony, Piper Sandler, Gen, Z Organizations: Service, Gen, LVMH, Dior

☆ Here are Friday's biggest analyst calls: Nvidia, Apple, Amazon, Uber, Coinbase, Carvana, Starbucks & more
▼ + stars: | 2023-11-03 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are Friday biggest calls on Wall Street: Morgan Stanley reiterates Apple as overweight Morgan Stanley said it's standing by Apple shares after its earnings report on Thursday. Berenberg downgrades Estee Lauder to hold from buy Berenberg downgraded the stock after its disappointing earnings report earlier this week. Morgan Stanley reiterates Carvana as underweight Morgan Stanley said it's sticking with its underweight rating on the stock after its earnings report on Thursday. " Evercore ISI downgrades Fortinet to in line from outperform Evercore downgraded the cybersecurity company after its earnings report. JPMorgan reiterates Starbucks as overweight JPMorgan said the coffee giant is "still one to buy" after its earnings report on Thursday. "

Persons: Morgan Stanley, Apple, it's, downgrades Estee Lauder, Estée Lauder, Piper Sandler, Piper, OMCL, Key, Wolfe, Mizuho, C27E, JPMorgan downgrades, Papa John's, PZZA, Raymond James, Carvana, CVNA, Redburn, JPMorgan, SBUX, Guggenheim, GNRC Organizations: Apple, DOJ, Uber, Deutsche Bank, Molson Coors, Deutsche, HSBC, Moderna, Nvidia, Mizuho, JPMorgan, JPMorgan downgrades Fox, FOX, Barclays, Retail, Evercore, billings, Guggenheim, Citi, Cedar, Flags, ~$

☆ Why Microsoft's AI assistant gives the tech giant a new edge in AI race
▼ + stars: | 2023-11-01 | by ( Morgan Chittum | ) www.cnbc.com time to read: +3 min

Microsoft 's (MSFT) new AI assistant tool should help the software giant solidify its lead among its Big Tech peers in the race to dominate artificial intelligence. We'll see how fast adoption takes place, but you could certainly see a snowball effect," said Zev Fima, a portfolio analyst at the Investing Club. MSFT YTD mountain Microsoft (MSFT) year-to-date performance Copilot is Microsoft's latest in a series of moves over the last year to integrate AI into its offerings. Analysts at the firm forecasted that the AI tool could generate more than $10 billion in annualized revenue for the company by 2026. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: It's, Zev Fima, OpenAI's, Satya Nadella, Nadella, Piper Sandler, Jim Cramer's, Jim Cramer, Jim Organizations: Microsoft, Big Tech, Investing, OpenAI's ChatGPT, Fortune, Sunday, CNBC, X, Media, Getty Locations: Cologne, Germany

☆ Microsoft starts selling its Copilot AI tool for email and documents
▼ + stars: | 2023-11-01 | by ( Jordan Novet | ) www.cnbc.com time to read: +4 min

On Wednesday, the company started selling the Microsoft 365 Copilot artificial intelligence add-on for its Office app subscriptions targeting businesses. Wong said Gartner encourages organizations to experiment with generative AI, which can create synthetic images and text with just a few words of human input. "I think getting to 20% will be reasonable within two to three years for technologies like Copilot, because there's going to be early adopters, and there's going to be fast followers," he said. Microsoft acknowledges on its website that "the responses that generative AI produces aren't guaranteed to be 100% factual." Microsoft says prompts and responses in Copilot aren't used to train language models and adhere to the company's privacy standards.

Persons: Piper Sandler, Brent Bracelin, Hannah Rudoff, Piper Sandler's, Bracelin, Satya Nadella, Nadella, we've, Jason Wong, Wong, Gartner, Piper Sandler's Bracelin, ChatGPT, aren't, Katie Stockton Organizations: Microsoft, Google, CNBC, Copilot, Bayer, KPMG, Mayo Clinic, Suncorp, Visa, Gartner, Companies

☆ Here are Wednesday's biggest analyst calls: Apple, Meta, Boeing, AMD, Carvana, Ford, Robinhood & more
▼ + stars: | 2023-11-01 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are the biggest calls on Wall Street on Wednesday: UBS reiterates Advanced Micro Devices as buy UBS said it's standing by its buy rating on the chipmaker after its earnings report on Tuesday. Goldman Sachs downgrades ZoomInfo Technologies as buy Goldman downgraded the stock after its "mixed" earnings report citing lower visibility. UBS upgrades JD.com to buy from neutral UBS said shares of the Chinese retailer are attractive. " UBS reiterates Apple as neutral UBS said its checks show Apple's iPhone wait times are lower. TD Cowen reiterates Carvana as market perform TD said it's cautious heading into the used car company's earnings report on Thursday.

Persons: it's, TD Cowen, Piper Sandler, Piper, Polestar, Goldman Sachs, Goldman, Morgan Stanley, Bernstein, Price, Cantor Fitzgerald, VinFast, Cantor, it's bullish, JD, Mizuho, Robinhood, HOOD, Carvana Organizations: UBS, Devices, EV, Technologies, Bank of America, of America, UAW, Barclays, Ford, General Motors, Meta, JPMorgan, Boeing, Goldman, NRG Energy, Guggenheim, Management, Clear Messaging, Deutsche Bank, Deutsche, Apple, BP, UW Locations: Asia, Europe, North America

☆ US Vice President Harris to call for action on threats from AI
▼ + stars: | 2023-11-01 | by ( Andrew Macaskill | ) www.reuters.com time to read: +2 min

U.S. Vice President Kamala Harris speaks during an event about the President signing an Executive Order on Artificial Intelligence in the East Room at the White House in Washington, U.S., October 30, 2023. Harris will say AI has the potential to create "cyberattacks at a scale beyond anything we have seen before to AI-formulated bioweapons that could endanger the lives of millions". Harris is in Britain to attend London's summit on artificial intelligence, where world and tech leaders will discuss the future of the technology. The new U.S. AI Safety Institute will share information and collaborate on research with peer institutions internationally, including Britain's planned AI Safety Institute. Harris will also say that 30 countries have agreed to sign a U.S.-sponsored political declaration for the use of AI by national militaries.

Persons: Kamala Harris, Leah Millis, Harris, Rishi, Joe Biden, Andrew MacAskill, Elizabeth Piper, Kate Holton Organizations: Artificial Intelligence, White, REUTERS, Safety Institute, Conservative Party, Security, British, AI, Safety, Thomson Locations: Washington , U.S, London, United States, Washington, Britain, U.S

☆ Here are Tuesday's biggest analyst calls: Tesla, SoFi, Pinterest, Roku, Boeing, Apple, Shopify, Chewy and more
▼ + stars: | 2023-10-31 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Baird downgrades ON Semiconductor to neutral from outperform Baird said it sees "pricing pressures" for the semiconductor maker. Morgan Stanley upgrades Chewy to overweight from equal weight Morgan Stanley said in its upgrade of the stock that share sell-off is overdone. " Morgan Stanley upgrades SoFi to equal weight from underweight Morgan Stanley said the risks to SoFi are more than priced in. Morgan Stanley initiates Celsius Holdings as equal weight Morgan Stanley said in its initiation of the stock that it sees a balanced risk/reward. Northcoast upgrades Boeing to buy from neutral Northcoast said in its upgrade of Boeing that it sees a "more promising long term earnings horizon."

Persons: Wells Fargo, Bernstein, Goldman Sachs, it's, Baird, Rowe Price, Tesla, Piper Sandler, Wells, Morgan Stanley, CHWY, Guggenheim, Tourmaline, AutoNation, Jefferies, underperform Jefferies, MoffettNathanson, D.A, Davidson, Northcoast, ABG, Wolfe, Phillips, PSX Organizations: Wells, MARA, Apple, Semiconductor, Citi, TROW, Deutsche Bank, Bank of America, of America, 4Q, Arista Networks, TAM, Lincoln Electric, Seaport, Guggenheim, JPMorgan, Susquehanna, WSM, D.A, Disney, Boeing, Boeing Company, Asbury Automotive Locations: Williams, Sonoma, CELH

☆ UK Labour's Starmer seeks to reunite party over Israel/Hamas conflict
▼ + stars: | 2023-10-31 | by ( ) www.reuters.com time to read: +2 min

Kier Starmer, leader of Britain's Labour Party, speaks as he attends a by-election victory event for Sarah Edwards, newly elected MP for Tamworth, at Tamworth football stadium, Tamworth in central Britain, October 20, 2023. In a hastily arranged speech, Starmer was keen to restore unity to the party after senior figures, such as its London and Manchester mayors and the Scottish Labour leader, called for a ceasefire to ease Gaza's growing humanitarian crisis. He said what was needed now was an immediate pause to allow aid to be delivered and for people to seek safety, but that nations should be pushing for a resumption of peace and renewed talks for a two-state solution. "My Labour Party will fight for that cause, we will work with international partners towards the recognition of a Palestinian state as part of a negotiated just and lasting peace," he said. Reporting by Elizabeth Piper; Editing by Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.

Persons: Kier Starmer, Sarah Edwards, Toby Melville, Keir Starmer, Starmer, Jeremy Corbyn, Elizabeth Piper, Kirsten Donovan Organizations: Britain's Labour Party, Tamworth, REUTERS, British Labour, Palestinian, Labour, Chatham House, Scottish Labour, Labour Party, Thomson Locations: Tamworth, Britain, Israel, Gaza, London, Manchester

☆ Wolfspeed jumps on upbeat quarterly forecast
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: +1 min

That facility, which started generating revenue at the end of Wolfspeed's fiscal 2023, contributed $4 million to its third-quarter revenue. The company said it expects second-quarter revenue from continuing operations of between $192 million and $222 million. Net loss widened to $3.22 per share from 21 cents per share a year earlier. Its quarterly revenue of $197.4 million missed analyst expectations of $207.7 million. Reporting by Zaheer Kachwala and Chavi Mehta in Bengaluru; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.

Persons: Wolfspeed, Gregg Lowe, Piper Sandler, Zaheer Kachwala, Chavi Mehta, Anil D'Silva Organizations: Thomson Locations: New York, Mohawk, Bengaluru

☆ I visited Birkenstock's fashion-forward SoHo store and was impressed by the range of styles, including sneakers, heels, and boots
▼ + stars: | 2023-10-30 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +3 min

The German shoe brand's IPO missed the mark, but analysts say the company has upside. I visited the Birkenstock store in Soho to see how the company is approaching its retail footprint. In other words, it's as safe a bet as fashion brands come. Although it isn't a designer brand, Birkenstock falls in the luxury category with prices ranging from $50 to $475. I visited Birkenstock's Soho store to see how the company is positioning its retail locations.

Persons: Birkenstock, —, Birkenstock's, Steve Job's, Birks, Piper Sandler, Gucci loafers, Jessica Ramirez, Jane Hali Organizations: New York Stock Exchange, Service, Associates, Bloomberg, Soho Locations: Soho

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