DIRS.INFO The most relevant business & tech news

We've put together everything you need to know about how to watch the Tour de France, including free live streaming options. How to watch Tour de France in the UKThe Tour de France will air daily on ITV4 in the UK, which means that it's available to live stream for free through ITVX. How to watch Tour de France in FranceIn France, the Tour de France will live stream on France.TV. How to watch Tour de France in AustraliaThe Tour de France live streams are free on SBS in Australia. How to watch Tour de France in the USAll stages of the Tour de France will live stream on Peacock in the US.

Persons: We've, Jonas Vingegaard, Tadej Pogacar, Pogacar, Peacock, ExpressVPN Organizations: Business, de France, ITV4, France, SBS, Tour de France, NBC, Olympics Locations: Florence, Italy, France, Nice, Danish, Slovenian, Australia, France.TV

☆ An options trade that wins if the red-hot chip trade cools off in the second half
▼ + stars: | 2024-06-28 | by ( Jeff Kilburg | ) www.cnbc.com time to read: +3 min

Although Micron (MU) has not had Nvidia's meteoric performance, it has been a stellar stock, doubling in the last year and up over 50% in 2024. The AI boom has buoyed memory chips higher as these chips have become a more important component for artificial intelligence accelerators. However, the possibly unrealistic bar now being set for AI earnings reports saw Micron drop more than 7% on high volume. I want to express a short-term bearish view in Micron as I believe further profit-taking will occur in the third quarter. Micron is one of the largest semiconductor companies in the world, specializing in high-bandwidth memory and storage chips.

Persons: Long Organizations: Micron, Nvidia, JPMorgan, MU, CNBC, NBC UNIVERSAL Locations: CapEx

☆ Pfizer struggles to claw back faith with Wall Street and its employees as it recovers from the Covid decline
▼ + stars: | 2024-06-28 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +19 min

But other current employees are dissatisfied with where the strategy shift has left them. In January 2023, Pfizer forecast a steep drop in annual revenue, to between $67 billion and $71 billion. Pfizer's 2023 revenue ultimately came in at $58.5 billion, including $11.22 billion from its Covid vaccine and $1.28 billion from Paxlovid. Faith in executive leadership also plunged among some workers, according to most of the current and former employees who spoke with CNBC. Some current workers said that hasn't appeared to change after the town hall on May 2.

Persons: Albert Bourla, Wall, they're, Bourla, I'm, drugmaker Seagen, Irfan Khan, hasn't, Pfizer, renegotiating, John Thys, Payal Sahni Becher, Becher, Kena, Mike McDermott, Bourla's Organizations: Corbis, Getty, Pfizer, Wall, CNBC, Los Angeles Times, Moderna, Centers for Disease Control, U.S ., GSK, Bristol Myers Squibb, Pfizer wasn't, . Biotech, Companies, Biotech, BioNtech, Reuters, Human, View Press, Global, APEC, Summit, Tech, Google Locations: U.S, Covid, Eagle Rock , California, Durham , North Carolina, Puurs, Belgium, New York City, Peapack , New Jersey, Kena

☆ Buy these cheap quality stocks for the third quarter, says Piper Sandler
▼ + stars: | 2024-06-28 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Investors should look for companies in the third quarter that are on solid ground, both in their fundamental business and their stock price, according to Piper Sandler. The firm's yardsticks for quality fundamentals include free cash flow yield and positive earnings revisions. Piper Sandler's macro select model includes some of the big tech companies that have outperformed in recent years, in part due to their combination of solid balance sheets and strong growth. Two other stocks on the list with momentum are Chipotle Mexican Grill and Wingstop , up roughly 37% and 66%, respectively, in 2024. The company said in its first-quarter report that cash was up and debt was down compared with the same period a year ago.

Persons: Piper Sandler, Michael Kantrowitz Organizations: Nvidia, Microsoft, Google, Netflix, AMC Networks, Academy Sports Locations: Mexican

☆ Stock market today: Indexes cap stellar first half of 2024 with losses even after encouraging inflation report
▼ + stars: | 2024-06-28 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

US indexes ended the day lower, despite market excitement over the latest PCE data. The stock market closed 2024's first half strongly, with the S&P 500 up nearly 15%. "The soft inflation data will build the case that the Fed can start cutting rates in the coming months," LPL Financial chief economist Jeffrey Roach said. Currently, futures markets are pricing in the odds of twoThe soft inflation reading was not enough to keep the indexes in the green through Friday, but the stock market still strongly closed out the first half of 2024. Could these be harbingers of weakness to come, or will they take over as market leaders in the second half?"

Persons: —, Jeffrey Roach, that's, David Morrison, Dow, Russell Organizations: Service, Federal Reserve, Financial, Here's

☆ Here are Friday's biggest analyst calls: Nvidia, Apple, Nike, First Solar, Deere, Alphabet, Amazon, ASML & more
▼ + stars: | 2024-06-28 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Wells Fargo reiterates Nvidia as overweight Wells said it's sticking with its overweight rating on the stock. "We initiate coverage of net lease REIT Essential Properties (EPRT) with a Buy rating and $33.00 12-month price target. Citi reiterates Apple as buy Citi moved the tech giant up a spot to its number 2 top pick. Wells Fargo reiterates Amazon as buy Wells raised its price target on Amazon to $239 per share from $234. "We initiate coverage of Intuitive Machines, Inc. (LUNR) with a Buy rating and a 12-month price target of $8 per share."

Persons: Raymond James, Deere, it's, Morgan Stanley downgrades Nike, Morgan Stanley, Wells, Goldman Sachs, Goldman, Oppenheimer, Riley, Piper Sandler, Piper, managements, it's bullish, Rosenblatt, ASML Organizations: Deutsche Bank, Deutsche, Nvidia, Properties Realty Trust, Apple, Citi, Xerox, JPMorgan, Realty Trust, Inc, Travelers, Susquehanna, Nextracker, BMO, SAP Locations: Americas, China

☆ NFL 'Sunday Ticket' telecast subscribers can get a piece of $4.6 billion in damages
▼ + stars: | 2024-06-28 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +3 min

The jury ordered the NFL to pay out $4.7 billion in damages to individual subscribers of the league's "Sunday Ticket" package, which gives viewers access to out-of-market games. The jury also awarded $96 million in damages to business subscribers. Plaintiffs in the case accused the NFL of selling the "Sunday Ticket" package at an inflated price, forcing viewers to overpay for access to out-of-market games. AdvertisementThroughout the trial, the NFL argued it was allowed to sell its "Sunday Ticket" package under an existing antitrust exemption, ESPN reported. The "Sunday Ticket" package dates back to the 1990s when DirecTV was first introduced.

Persons: — Organizations: Service, NFL, Business, New, New Orleans Saints, ESPN, DirecTV, YouTube Locations: California, New Orleans, Los Angeles, San Francisco sports

HANGZHOU, China — Apple 's mixed-reality headset began deliveries in China on Friday with a retail price roughly 18% higher than in the U.S. The device starts at 29,999 yuan ($4,128) in China, compared with a $3,500 retail price in the U.S. When asked by CNBC, a customer surnamed Chen in Beijing said his suggestion to Apple CEO Tim Cook was to make Vision Pro cheaper by about 10,000 yuan ($1,376). Greater China accounted for about 18% of Apple's revenue in the three months ended March 30, according to an Apple filing. Chen pre-ordered his Vision Pro and was at a major store in Beijing to pick it up and receive some training on how to use it.

Persons: Chen, Tim Cook, salespeople Organizations: U.S, CNBC, Vision, Apple, Huawei, Beijing — Locations: HANGZHOU, China, U.S, Beijing, Weibo, Greater China

☆ Fed and European Central Bank could cut interest rates in September, Morgan Stanley strategist says
▼ + stars: | 2024-06-28 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

U.S. Federal Reserve Chair Jerome Powell delivers remarks during a press conference following the announcement that the Federal Reserve left interest rates unchanged, in Washington, U.S., June 12, 2024. The U.S. Federal Reserve and European Central Bank could move to cut interest rates in September as key data provides further signs that inflation is cooling in the U.S. and the euro zone, a Morgan Stanley strategist said Friday. "We're more optimistic that both the Fed and ECB will cut rates in September," he told "Squawk Box Europe." And I think, for the Fed, inflation is continuing to fall," he added. A majority of economists polled by Reuters now anticipate the Fed will cut interest rates from its current range of 5.25% to 5.50% this September, with a further trim projected later in the year.

Persons: Jerome Powell, Morgan Stanley, Andrew Sheets, Sheets Organizations: Federal, Federal Reserve, U.S . Federal Reserve, European Central Bank, CNBC, Fed, ECB, Reuters Locations: Washington , U.S, U.S, Europe

A solar stock and an apparel giant were among the names being talked about by analysts on Friday. Meanwhile, Deutsche Bank increased its price target on First Solar. NKE 1D mountain NKE falls Stifel downgraded Nike stock following results to hold from buy and reduced their price target to $88 per share from $117. — Brian Evans 5:47 a.m.: Deutsche Bank raises First Solar price target First Solar shares have been on a tear this quarter, and Deutsche Bank expects even more gains ahead. The bank reiterated its buy rating on the solar stock and raised its price target to $280 from $215.

Persons: Richard Choe, Choe, — Brian Evans, Morgan Stanley, Lee Simpson, Simpson, Wells, Ike Boruchow, Jim Duffy, Jay Sole, Corinne Blanchard, Fred Imbert Organizations: CNBC, Nike, Deutsche Bank, JPMorgan, Realty Trust JPMorgan, Digital Realty, Management, Realty Trust, 1Q, UBS Locations: China, Thursday's

☆ Key Fed measure shows inflation rose 2.6% in May from a year ago, as expected
▼ + stars: | 2024-06-28 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

May marked the lowest annual rate since March 2021, which was the first time in this economic cycle that inflation topped the Federal Reserve's 2% target. An important economic measure for the Federal Reserve showed Friday that inflation during May slowed to its lowest annual rate in more than three years. Including food and energy, headline inflation was flat on the month and also up 2.6% on an annual basis. Outside of the inflation numbers, the Bureau of Economic Analysis report showed that personal income rose 0.5% on the month, stronger than the 0.4% estimate. Shelter-related costs have proven stickier than Fed officials have anticipated and have helped keep the central bank from reducing interest rates as expected this year.

Persons: Dow Jones, Seema Shah Organizations: Dow, Commerce Department, Federal, Asset Management, Gross, Atlanta Fed Locations: PCE

☆ Stocks making the biggest moves premarket: Nike, Trump Media & Technology, Infinera
▼ + stars: | 2024-06-28 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Nike — Nike shares sank more than 14% after the athletic retailer posted disappointing revenue for the recent quarter and cut its guidance, saying it expects sales to drop 10% in the current period. Trump Media & Technology — Shares of Trump Media & Technology jumped more than 10% on the heels of the first presidential debate between former president Donald Trump and President Joe Biden. JPMorgan upgraded Digital Realty Trust to overweight, saying that shares look poised to benefit from AI and cloud growth. SAP — SAP rose about 1% before the bell. BMO Capital Markets upgraded shares to outperform and lifted its price target, citing "high visibility" into bookings and revenue.

Persons: Donald Trump, Joe Biden, Infinera, —, Jesse Pound Organizations: Nike — Nike, Trump Media & Technology, Nokia, JPMorgan, Realty Trust, SAP, BMO Capital Markets

☆ The 84-Year-Old Visionary With One Answer for Two Real Estate Crises
▼ + stars: | 2024-06-28 | by ( William Falk | ) www.nytimes.com time to read: +1 min

When Liberty Tower went up for sale in Manhattan’s financial district in 1978, there was only one bidder for the 33-story skyscraper. The building was dated and dilapidated, and even though rent had plunged to $5 a square foot, it was two-thirds vacant. New York City itself had tumbled into a downward spiral after a severe fiscal crisis and a deep recession. “The financial district was failing. Liberty Tower was the first major residential conversion of an office building in New York’s financial district.

Persons: Joseph Pell Lombardi, ” Mr, Lombardi, Nobody Organizations: Liberty, New, Sinclair Oil, New York Stock Exchange, World Trade Center Locations: New York City, New York, Liberty, New

☆ Rupert Murdoch just slashed the price of his Manhattan penthouse by half. See inside the $28.5 million apartment he can't seem to sell.
▼ + stars: | 2024-06-28 | by ( Maria Noyen | ) www.businessinsider.com time to read: +1 min

Rupert Murdoch has cut the price of his three-floor New York City apartment to $28.5 million. to $28.5 million. The media mogul, 93, listed the property for $62 million in 2022. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Now, in his latest bid to shift the property, he's selling it for $28.5 million, more than half its original listing price.

Persons: Rupert Murdoch, —, Elena Zhukova Organizations: Service, Fox Corporation, News Corp, Air, Business Locations: York City, Manhattan, New York City, Madison, Bel, Air , California

☆ 34-year-old earning $400,000 a year: I regret buying a brand-new Tesla—it was a 'huge mistake'
▼ + stars: | 2024-06-28 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +1 min

After she got divorced in 2021, Sora Lee bought a brand new Tesla Model 3 for just over $70,000. "I just really wanted a Tesla because it's something my ex wouldn't let me [have], and I regret buying that full price," the 34-year-old tells CNBC Make It. It wasn't necessarily that she couldn't afford the car or the approximate $1,000 a month she puts toward the loan. But in retrospect, she says buying a shiny new car wasn't a very smart investment. "If I had put that into something else, I would have been making more money in terms of my investment return."

Persons: Sora Lee, Lee, Edmunds Organizations: Tesla, CNBC, Meta

☆ Dollar barges past 161 yen and eyes quarterly rise
▼ + stars: | 2024-06-28 | by ( ) www.cnbc.com time to read: +2 min

The dollar was headed for a second straight quarterly gain and jumped to a near four-decade high on the battered yen in Asia trade on Friday, ahead of a crucial U.S. inflation reading. The dollar was headed for a second straight quarterly gain and jumped to a near four-decade high on the battered yen in Asia trade on Friday, ahead of a crucial U.S. inflation reading. At 172.37 per euro it traded at a lifetime low on the common currency as yen bears test authorities' resolve. The New Zealand dollar dipped 0.3% to $0.6065 on Friday, but was up 1.5% for the quarter. The U.S. dollar index was 0.2% stronger at 106.07 on Friday for a 1.5% quarterly rise.

Persons: Ray Attrill, Donald Trump, Joe Biden, Biden, NAB's Attrill Organizations: Republican, Democratic, New Zealand, U.S, Federal Locations: Asia, Tokyo, Australia, Sydney, Atlanta, U.S

We've compiled everything you need to know about where to watch the NHL Draft, including a Day 1 cable option and live streaming services for all rounds. Keep reading to learn all of your watch options for the 2024 NHL Draft. Where to watch the NHL Draft in the USThe NHL Draft is spread across two days. ESPN Plus (Monthly Plan) ESPN Plus is designed for sports, giving subscribers access to live MLB, NHL, NFL, soccer, golf, and UFC fights. Check price at FuboHow to watch the NHL Draft from anywhereHockey fans who will be traveling away from home during the NHL Draft can still tune in to their subscriptions via VPN (virtual private network).

Persons: We've, Macklin Celebrini, Artyom Levshunov, Anton Silayev, we've, There's, ExpressVPN Organizations: Business, Stanley, NHL, Boston University, Boston College, San Jose Sharks, Chicago Blackhawks, Anaheim Ducks, ESPN, MLB, NFL, UFC, Hulu, Disney Plus, Hockey Locations: Denver

☆ Microsoft and Eli Lilly are among the most overbought stocks as the first half ends
▼ + stars: | 2024-06-28 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Shares of Microsoft registered a 14-day RSI reading of 74. MSFT YTD mountain MSFT YTD Shares of Eli Lilly are also overbought, with a 14-day RSI of 83, putting the drug manufacturer at the top of the list. FedEx is also overbought, with a 14-day RSI of 77. Among the oversold names, Walgreens Boots Alliance and Waters Corporation top the list with a 14-day RSI reading of 20, followed by Pool Corp . with an RSI reading of 22.

Persons: Friday's, Wall, Eli Lilly, Eli Lilly's Organizations: Dow Jones, Nasdaq, Nvidia, Microsoft, CNBC Pro, Union, FedEx, Walgreens Boots Alliance, Waters Corporation, Pool Corp, Walgreens

☆ I've stayed at all 5 value resorts at Disney World. There are only 2 I'd book again — for the right price.
▼ + stars: | 2024-06-28 | by ( Megan Dubois | ) www.businessinsider.com time to read: +1 min

I've been visiting Disney World for over 30 years and usually stay at a hotel on the property. I've spent a night at all five value resorts, and only some of them are worth the lower price. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAs a Disney World annual passholder, I've been lucky enough to stay at every hotel on the property. When it comes down to it, the Disney value resorts are usually the best option for my vacation budget.

Persons: I've, — Organizations: Disney, Service, Business

☆ Stock market today: Indexes rise as traders cheer cooler PCE inflation
▼ + stars: | 2024-06-28 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

US stocks rose Friday as traders took in new inflation data from the Fed's preferred price gauge. PCE inflation cooled to 2.6% last month, the lowest pace of price growth in three years. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementUS stocks jumped on Friday as traders took in fresh inflation data, which showed price pressures continuing to cool off in May. Here's where US indexes stood shortly after the 9:30 a.m. opening bell on Friday:AdvertisementIn commodities, bonds, and crypto:

Persons: —, Seema Shah Organizations: Service, Treasury, Federal, Asset Management, Nasdaq, Nvidia Locations: PCE, Here's

☆ Wall Street praises Eaton's AI bona fides. But don't overlook our other data center play
▼ + stars: | 2024-06-28 | by ( Morgan Chittum | ) 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. Jim Cramer described the PCE report as "very good," representing an encouraging sign that the central bank's fight against inflation has been working. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Jim, Donald Trump's, Friday's, there's, Raymond James, Eaton, Jim Cramer's, DOV, ETN Organizations: CNBC, Federal Reserve, Nasdaq, Dow, Apple, Vision, Nvidia Locations: China, Hong Kong, Japan, U.S, Dover

South Africa found similar success with its semi-final game against Afghanistan, which saw South Africa win by nine wickets with 67 balls left. Check price at FuboHow to watch India vs. South Africa in the UKThe India vs. South Africa final will be available through Sky Sports in the UK, where prices and contracts vary by plan. How to watch India vs. South Africa in AustraliaThe India vs. South Africa game will live stream through Prime Video in Australia, where subscriptions start at $9.99 a month. How to watch India vs. South Africa in IndiaThe India vs. South Africa final will stream for free through the Disney+ Hotstar mobile app in India. How to watch India vs. South Africa in South AfricaThe ICC Men's T20 World Cup final will live stream through DStv in South Africa.

Persons: we've, Sling's Desi, VPNs, ExpressVPN Organizations: Business, South Africa's, teams, ICC, Afghanistan, South Africa, India, US, Sling, South, Sky Sports, Disney, Cricket Locations: India, South, Africa, South Africa, England, Australia, DStv

☆ Analysts love these cheap dividend-paying stocks heading into the second half
▼ + stars: | 2024-06-28 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

The stock market has had a hot first half, with the S & P 500 up roughly 15%, but there are still opportunities for investors to find cheap names with solid dividends. They also have upside to the average analyst price target of 10% or more, according to FactSet. The S & P 500 energy sector has also done well this year, up more than 9% so far. SLB has a whopping 41.5% upside to the average price target, while ConocoPhillips has more than 27% upside to the average price target. About 68% of analysts covering the stock rate it a buy or overweight, and it has nearly 22% upside to the average price target.

Persons: Sempra, Baker Hughes, SLB Organizations: Federal Reserve, CNBC Pro, Hotels, Resorts, BMO, Utilities, ConocoPhillips, Analysts, Oil, Hasbro, Bank of America Locations: SLB

☆ Americans are obsessed with the economy. Here are the tiny bits Trump and Biden said about Social Security and inflation.
▼ + stars: | 2024-06-28 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

The first presidential debate came and went, and voters gained little additional insight into each candidate's economic visions. The latest Social Security and Medicare Board of Trustees report found that the program will only be able to pay out full benefits for the next 11 years. Trump, on the other hand, said Biden is going to "destroy Social Security" and did not offer any insight into how he might address the program. Save Social Security, don't destroy it." AdvertisementUltimately, the major takeaway from the night was not the candidates' economic stances, despite it being a top issue for voters.

Persons: —, Donald Trump, Joe Biden, Biden, Trump, Nobody's, — Biden Organizations: Service, May's, Business, Biden, Voters, Security, Social Security, Social

☆ Record summer travel is starting. What it means for airline fares and flight delays
▼ + stars: | 2024-06-28 | by ( Kaya Ginsky | ) www.cnbc.com time to read: +8 min

Mario Tama | Getty ImagesSummer air travel is expected to soar in the United States. Last summer, a record-breaking summer for airports, there were air traffic jams and near collisions amid challenges in flight coordination. Based on air traffic patterns and airport density, New York City and Florida are subject to the highest risk of backups. "There is still a shortage of air traffic controllers, but it hasn't led to the worst outcomes that we were expecting when we were talking about the shortage of air traffic control workers even a year ago." With production delays, airlines pay billions to fly less fuel-efficient and more costly and aged jets.

Persons: DAL AAL, Mario Tama, —, Ed Bastian, CNBC's, Robert Isom, Guy, Clint Henderson, Henderson, They've, hasn't Organizations: Los Angeles International Airport, Getty, Transportation Security Administration, TSA, Boeing, weren't, Delta Air, American, Federal Aviation Administration, Atmospheric Administration, Midwest, Goods, United Airlines, American Airlines, ATC, Independence, Customs, Flyers, FAA, Airbus, Labor, Southwest Airlines Locations: Los Angeles , California, United States, East Coast, U.S, New York City, Florida

Search resuls for: "price"

25 mentions found