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Here are Thursday's biggest calls on Wall Street: JPMorgan reiterates Amazon as overweight JPMorgan said growth deceleration concerns are overdone. Stifel upgrades FedEx to buy from hold Stifel said FedEx shares are compelling at current levels. JPMorgan reiterates Credit Suisse as overweight JPMorgan said it's standing by shares of the banking giant. JPMorgan upgrades Motorola Solutions to overweight from neutral JPMorgan called the telecom equipment company "high quality." Bank of America upgrades Takeda Pharmaceuticals to buy from neutral Bank of America said called Takeda a "stable value stock."
The boss of an Italian state-owned tech firm resigned after quoting Mussolini in an internal email. Anastasio was appointed by right-wing Prime Minister Giorgia Meloni in November. Anastasio, who was appointed by Prime Minister Giorgia Meloni in November, sent an inauguration email to board members quoting Mussolini, who ruled Italy as a dictator from 1922 to 1943. In the original speech, Mussolini asserted his power over Italy as dictator and admitted to murdering his opponent Giacomo Matteotti, a politician who had criticized the government. Meloni became Italy's first female Prime Minister in October and heads the far-right Brothers of Italy party.
Earnings season continues next week, with Club holdings Linde (LIN), Emerson Electric (EMR) and Walt Disney (DIS) all set to report. Similarly, shares of Meta Platforms (META) have surged over 20% since CEO Mark Zuckerberg reassured investors Wednesday evening that 2023 would be the technology giant's "year of efficiency." The bull case is further supported by continued signs inflation is easing, a still-robust job market and the breadth of market-buying activity since the start of the year. Lastly on Wednesday, the Fed's Federal Open Market Committee raised the federal funds rate by 25 basis points, in line with expectations. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Top pick - Amazon Amazon has enjoyed bullish ratings from Wall Street even as it's plunged roughly 45% year to date. In addition, "adoption of AWS can accelerate through improved operating efficiencies and hiring freezes can deliver improving operating income," Arounian wrote. Citi has a buy rating and $145 price target on the stock. Goldman Sachs also sees a buying opportunity for Amazon as one of its own top picks, with a buy rating. Top pick - Meta Meta Platforms is Citi's second pick in technology – the company has a buy rating and $168 price target on the stock.
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Italy's Meloni picks Nazi-armband lawmaker as junior minister
  + stars: | 2022-10-31 | by ( ) www.reuters.com   time to read: +1 min
ROME, Oct 31 (Reuters) - Galeazzo Bignami, a lawmaker of the rightist Brothers of Italy party who sparked outrage in 2016 after a newspaper published a picture of him wearing a Nazi swastika on his left arm, was named junior infrastructure minister on Monday. Prime Minister Giorgia Meloni, who personally announced Bignami's appointment at a news conference, is the leader of Brothers of Italy, a group which traces its roots to the post-fascist Italian Social Movement (MSI). He has long been part of the Italian hard-right but has spent part of his political career in former prime minister Silvio Berlusconi's more moderate Forza Italia. Bignami will serve under the right-wing League party leader Matteo Salvini, who is the infrastructure minister and deputy prime minister. Reporting by Angelo Amante; Editing by Howard GollerOur Standards: The Thomson Reuters Trust Principles.
The major indexes all posted gains this week despite a Big Tech beatdown, proving the market can rally without its most valuable stocks. Indeed strength in other sectors — only communication services finished down — helped the overall market to shrug off disappointing earnings results from Microsoft (MSFT), Alphabet (GOOGL), Amazon (AMZN) and Meta Platforms (META). Alphabet's results fell short of the Street's expectations, but still managed to grow revenue 6% annually off a $65 billion base. (Canada's central bank hiked rates less than expected this week, opting for a 50 basis point hike instead of the expected 75.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Giorgia Meloni has become Italy's first female Prime Minister. Her new government is set to be the most right-wing since the era of Benito Mussolini. She's previously said, "No to the violence of Islam, yes to safer borders, no to mass immigration." Her new government has already shown signs of political tensions, with the leader of the Forza party, former prime minister Silvio Berlusconi, having left a note in public view at the opening of Parliament calling the new prime minister as overbearing, domineering, arrogant, and offensive, according to Politico. League leader Matteo Salvini, Meloni's other far-right ally, has also long been seen as a Putin admirer, reported the BBC.
Factbox: Key ministers in new Italian Meloni government
  + stars: | 2022-10-22 | by ( ) www.reuters.com   time to read: +6 min
ROME, Oct 22 (Reuters) - Italian Prime Minister Giorgia Meloni's government was sworn into office on Saturday. Here the profiles of some of the key figures:ECONOMY MINISTERGiancarlo Giorgetti, 55, is a veteran political wheeler-dealer viewed as a moderate and relatively pro-European member of his right-wing League party. He was not Prime Minister Meloni's first choice for the job. He held posts in centre-right governments led by Berlusconi and recently served as president of the influential parliamentary intelligence committee. Meloni insisted on him for the job, overcoming resistance from Berlusconi who wanted a Forza Italia member in the ministry.
(OFFICIAL) Key ministers in new Italian government
  + stars: | 2022-10-21 | by ( ) www.reuters.com   time to read: +6 min
Italy's newly appointed Prime Minister Giorgia Meloni speaks to the media following a meeting with Italian President Sergio Mattarella at the Quirinale Palace in Rome, Italy October 21, 2022. REUTERS/Guglielmo MangiapaneROME, Oct 21 (Reuters) - Giorgia Meloni's Italian government will be sworn in on Saturday at 10 a.m. (0800 GMT). Here the profiles of some of the key figures:ECONOMY MINISTERGiancarlo Giorgetti, 55, is a veteran political wheeler-dealer viewed as a moderate and relatively pro-European member of his right-wing League party. He was not Prime Minister Meloni's first choice for the job. Meloni insisted on him for the job, overcoming resistance from Berlusconi who wanted a Forza Italia member in the justice ministry.
Meloni, leader of the nationalist Brothers of Italy party, has strongly defended Ukraine since Russia launched its invasion in February and has supported Western sanctions against Moscow. Berlusconi's pro-Putin remarks came in front of dozens of Forza Italia lawmakers and Napoli believed the risk of information being leaked to the press was obviously high. Some analysts believe there is no clear strategy behind Berlusconi's comments and that they could backfire and even jeopardise Tajani's chances of becoming foreign minister. Giovanni Orsina, a politics professor at Rome's Luiss university said Berlusconi has demolished his own argument that Forza Italia can be a moderating influence on the government. "It is hard to imagine that this is rational because Berlusconi and his party are the first to be damaged ...
Row over Mussolini photo as Italy's Meloni readies for power
  + stars: | 2022-10-18 | by ( ) www.reuters.com   time to read: +3 min
Leader of Brothers of Italy party Giorgia Meloni attends the fourth voting session to elect the new speaker, at the lower house of parliament, in Rome, Italy, October 14, 2022. The Mussolini portrait will be taken down "to avoid polemics and manipulations," the industry ministry said in a statement. The statement noted that another picture of Mussolini hangs in Palazzo Chigi, the prime minister's office, along with portraits of other Italian heads of government. Earlier, former centre-left leader and industry minister Pier Luigi Bersani chafed at being hung alongside Italy's late dictator. The public sector chapter of the CGIL, Italy's largest trade union, was also outraged, condemning the "deplorable" display and calling for its immediate removal.
Giorgia Meloni, a nationalist accused by political rivals and experts of spreading white supremacist ideas, was on Monday set to become Italy's first far-right leader since World War II. The results confirm her party’s rise from a radical fringe group to the driving force in right-wing Italian politics. Meloni, who would be Italy's first female leader, and the Brothers of Italy advocate naval blockades to stop unauthorized migration from Africa. Giorgia Meloni, leader of the Brothers of Italy, in Rome on Monday. Brothers of Italy leader Giorgia Meloni casts her vote at a polling station in Rome on Sunday.
Leader of Brothers of Italy Giorgia Meloni waves at the party's election night headquarters, in Rome, Italy September 26, 2022. "It's a dream," Fabio Rampelli, a party founder, told Reuters as he hugged a tearful activist who whispered to him the single word, "finally!". She says the flame represents the evolution of the Italian right, while critics say it is a vestige of the old MSI who used the same symbol. Marco Marsilio, Brothers of Italy's president of the central Abruzzo region, said he had been waiting for this moment all his life. The Italian hard right has its historical strongholds in central and southern Italy, but some of its militants come from regions with a left-wing tradition.
Far-right politician Giorgia Meloni is poised to become Italy's first woman prime minister. The 45-year-old ascended to power after she joined the Italian Social Movement as a youth activist in her teenage years. Sign up for our newsletter to receive our top stories based on your reading preferences — delivered daily to your inbox. "It's a victory I want to dedicate to everyone who is no longer with us and wanted this night," Meloni said to a crowd of supporters, according to the news outlet. One decade later, Meloni became Italy's youngest minister when she was appointed to the youth portfolio in 2008 during the reign of former Italian prime minister Silvio Berlusconi.
Meloni leads the Brothers of Italy Party (Fratelli d’Italia, or FdI), a populist party with roots in Italy’s post-war fascist movement. From left, The League's Matteo Salvini, Forza Italia's Silvio Berlusconi, and Brothers of Italy's Giorgia Meloni attend the final rally of the center-right coalition in Rome on Thursday. Meloni’s office and the Brothers of Italy Party did not answer requests for comment by NBC News. Clashes between protesters and police close to a rally held by election frontrunner Giorgia Meloni on Tuesday in Palermo, Sicily. And now it’s happening with Giorgia Meloni,” he said.
Here are five things to consider about the market's latest advancements when purchasing the right work laptop. Future proof your investmentIf things go according to plan, you'll be using your new laptop for years. MSI's Summit Series, for example, can last all day long on a single charge. Be smart about your security and privacyIf you travel for work, the ability to secure your laptop is especially critical. And the Summit Series' integration of Windows Hello leverages biometrics, which enables users to log into their MSI laptop via fingerprint or facial recognition.
Leader of Italy's nationalist Brothers of Italy (Fratelli d'Italia) party and frontrunner to become prime minister Giorgia Meloni, holds a closing rally in Naples, Italy, September 23, 2022. Fast forward three years, and the nationalist leader is also poised to become Italy's first female prime minister. It is from tomorrow that we must prove our worth," the 45-year-old Meloni told party faithful early Monday morning. All the tough talking inevitably draws comparisons in the Italian press between Meloni and former British Prime Minister Margaret Thatcher. Just as Thatcher shattered Britain's glass ceiling to top office 43 years ago, so Meloni looks set to follow suit in Italy.
Best coffee subscription: Blue Bottle (starting at $11 per shipment; bluebottle.com)Blue BottleBlue Bottle’s coffee subscription hit all of our marks during the testing process. This mask, though, formed the best seal around the edges, blocking out more light than any other mask we tested. Not only does it keep your drinks hot or cold for many hours, it’s solidly durable and has the best lid we’ve ever tested. Best smart display: Amazon Echo Show 8 ($99.99, originally $129.99; amazon.com)AmazonThe Echo Show 8 is the best smart display we tested, with a versatile 8-inch screen in a build that really fits anywhere. Best smart thermostat: Nest Learning Thermostat ($223, originally $229; amazon.com)GoogleThe Nest Learning Thermostat studies your habits and controls the temperature in your home automatically.
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