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Palo Alto Networks this month became the first cybersecurity company to eclipse $100 billion in market value. Palo Alto is the "winner and new champion of cybersecurity," Jim Cramer said recently. Shares of Palo Alto have more than doubled in price throughout 2023, up a whopping 116%. Although AI is not a core part of the Club's investment thesis for Palo Alto, we like management's progress in this fast-growing business. Arora Nikesh, Palo Alto Networks CEO & Chairman at the WEF in Davos, Switzerland on May 23rd, 2022.
Persons: Nikesh Arora, Jim Cramer, Arora, Jim, billings, Morgan Stanley, Jim Cramer's, Arora Nikesh, Adam Galica Organizations: Palo Alto Networks, Federal, Palo, The Securities, Exchange Commission, Operations Centers, CNBC Locations: Palo, cybersecurity, Palo Alto, Alto, Davos, Switzerland
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTenable CEO Amit Yoran on rising cyber threats and state of data securityAmit Yoran, CEO of Tenable, discusses the cybersecurity landscape following a recent string of cyberattacks.
Persons: Amit Yoran
Childfree workers told Business Insider they often feel pressured to cover for parents at work. Benson's not alone in experiencing the tension of splitting work between childfree workers and those with kids. For childfree workers, it may lead to resentment, or feeling like their time isn't as valuable. And that might, in turn, lead to childfree workers being asked to take on more. But the childfree workers, parents, and experts that Business Insider spoke with say that making it a worker-to-worker dispute takes the onus off of companies and policy.
Persons: , Kira Benson, Benson, Benson's, isn't, tenable, It's, aren't, Amanda Pericles, JessieMay Reed, they've, I'm, Benson doesn't, Arindrajit Dube, Claudia Goldin, Dube, " Dube, Evi, Nardi, Pericles, Pericles isn't, Reed, Kitty Richards, Richards, Betsy Cardenas, She's, Cardenas, we're Organizations: Business, Service, Bloomberg Law, University of Massachusetts Amherst, Treasury Department, of Labor Statistics, monopsony Locations: Seattle,
Bank of England drags Bagehot into the shadows
  + stars: | 2023-12-01 | by ( Liam Proud | ) www.reuters.com   time to read: +8 min
That is no longer tenable, in part because of reforms to bank regulation that shifted activity from traditional lenders to financial market players. These days, the institutions in need of urgent liquidity are just as likely to be pension funds, insurers or hedge funds. The British central bank’s initial ideas make sense, but only solve part of the problem. The central bank can short-circuit the panic by opening the credit taps. Central banks are only just starting to grapple with what it means to be a lender of last resort in that context.
Persons: Walter Bagehot’s, Andrew Hauser, BoE, WALTER, Gurney, Peter Thal Larsen, Streisand Neto, Thomas Shum Organizations: Reuters, Bank of England, Reuters Graphics Reuters, U.S, Treasury, Federal Reserve, Pensions, . Treasury, Citadel, Millennium Management, City of, U.S . Federal, Gurney & Company, Victorian, Thomson Locations: British, City, City of London, Basel, Overend, Lombard
The fighting is reminiscent of a battle for another eastern city, Bakhmut, which fell to Russian forces last May after months of brutal urban combat. Since Moscow launched its renewed offensive around Avdiivka in October, Ukraine's top general and Western military experts have made downbeat assessments of Ukraine's ability to break Russian lines. Located just north of the Russian-occupied city of Donetsk in the industrial Donbas region, Avdiivka hosts deeply entrenched Ukrainian defences. Pushing Ukrainian forces out of Avdiivka would be seen as enlarging the amount of territory Russia controls and making Donetsk city safer. Seizing Avdiivka could boost Russian morale and deal a psychological blow to Ukrainian forces, which have made only incremental gains in a counteroffensive launched in June.
Persons: Nuzhnenko, Ukraine's, Russia's, Andrei Gurulyov, Semyon Pegov, Vladimir Putin, Wagner, Yevgeny Prigozhin, Mykola Bielieskov, Bielieskov, Dan Peleschuk, Andrew Osborn, Mike Collett, White Organizations: Ukraine's National Guard Omega, Radio Free, Radio Liberty, REUTERS Acquire, Mechanized Brigade, Avdiivka, National Institute for Strategic Studies, Kyiv, Timothy Heritage, Thomson Locations: Avdiivka, Ukraine, Donetsk region, Radio Free Europe, Ukrainian, Bakhmut, Russian, Moscow, Kyiv, Soviet, Donetsk, Luhansk, Russia
PANW YTD mountain Palo Alto Networks YTD Shares of Palo Alto Networks dropped another 4% on Monday, adding to Friday's more than 2.5% decline on Fortinet's disappointing full-year guidance. Investors were making assumptions about what Fortinet's concerns might mean for Palo Alto. In August , we told members to pick up shares of Palo Alto, which were down then, like now, on comments from Fortinet's management team. HUM YTD mountain Humana YTD Humana is another name whose stock price action simply does not reflect the fundamentals we saw in the company's most recent earnings report , out last Wednesday. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Palo, That's, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: DuPont, Palo Alto Networks, Caterpillar, Palo, U.S ., Humana, CNBC, Traders, New York Stock Exchange, Getty Locations: overbought, Palo, Palo Alto, Tenable, New York City
It was a good thing Ukrainian President Volodymyr Zelenskyy had his videoconference address to the European Union summit pre-slotted for the opening session. They didn't come back to the issue of Russia's war in Ukraine again before Friday's closing day of the summit. Not only have the geopolitics in general shifted, some of the EU politics in particular are no longer as kind to Zelenskyy. There is also a four-year 20-billion-euro ($21 billion) military and security package in the pipeline. "If we don't help Ukraine, then what is the alternative, really," Estonian Prime Minister Kaja Kallas said.
Persons: Volodymyr Zelenskyy, Zelenskyy, Mike Johnson, Israel, Robert Fico, Viktor Orbán, Orbán, Anton Siluanov, Boris Pistorius, Fico, Orban, Kaja Kallas, Leo Varadkar, Putin Organizations: European Union, EU, U.S ., Slovak, Ukraine, Russian, U.S . Congress, IRIS, " Locations: Israel, Ukraine, Moscow, Europe, Slovakia, Germany, France, Hungary, Zelenskyy, Russian, United States, Brussels, Estonian, Russia
BRUSSELS (AP) — It was a good thing Ukrainian Prime Minister Volodymyr Zelenskyy had his videoconference address to the European Union summit pre-slotted for the opening session. They didn't come back to the issue of Russia's war in Ukraine again before Friday's closing day of the summit. With Ukraine funding in jeopardy in the U.S. Congress, Zelenskyy is looking to leave the financial lifeline to Europe open. “If we don’t help Ukraine, then what is the alternative, really,” Estonian Prime Minister Kaja Kallas said. Why do you think that you’re safe then?”Irish Prime Minister Leo Varadkar has the answer.
Persons: Volodymyr Zelenskyy, Mike Johnson, Robert Fico, Viktor Orbán, Orbán, ” Orbán, Anton Siluanov, Zelenskyy, , , Boris Pistorius, Kaja Kallas, Leo Varadkar, Putin, ” ___ Geir Moulson, Sylvie Corbet, Justin Spike Organizations: Ukrainian, European Union, EU, U.S ., Ukraine, Russian, U.S . Congress, IRIS, Locations: BRUSSELS, Israel, Ukraine, Moscow, Europe, EU, Slovak, Germany, France, Slovakia, neigboring Hungary, Zelenskyy, Kyiv, Russian, United States, Brussels, Estonian, Russia, Berlin, Paris, Budapest, Hungary
But the Bitcoin halving is expected in the spring and it will likely reduce companies' revenue. The Bitcoin halving event is highly anticipated event by crypto investors because it historically has set the stage for new bull runs. It takes place every four years when the reward for mining bitcoin – which makes up a significant portion of mining companies' revenue – is cut in half. Marathon famously has the highest energy costs and lowest margins, while Riot has relatively low power costs but shares are expensive. Lower revenue, higher costs Generally, the mining stocks benefit from bitcoin price increases because those translate into higher mining revenue for the company.
Persons: John Todaro, Reginald Smith, Needham, CleanSpark, There's, Smith, bitcoin, Michael Bloom Organizations: JPMorgan, Riot, Miners Locations: Marathon
[1/3] Former U.S. President and Republican presidential candidate Donald Trump speaks during a 2024 presidential campaign rally in Dubuque, Iowa, U.S. September 20, 2023. Democrats are hoping to exploit what they see as a structural weakness for Republicans in battleground states in 2024: any Republican candidate who criticizes Trump risks losing the party's Trump-loving voter base. But they believe any Republican who doesn't condemn Trump risks losing more moderate Republicans and independent voters they need to beat a Democrat. Republican party officials say Democrats' time would be better spent worrying about their own presidential candidate Joe Biden's popularity. "The amount of damage Trump has done to the Republican Party in the suburbs is extraordinary.
Persons: Donald Trump, Scott Morgan, Representative Don Bacon, Donald Trump's, hadn't, Bacon, Joe Biden, Trump, party's, doesn't, Jennifer Holdsworth, Joe Biden's, It's, Emma Vaughn, Pat Dennis, Dennis, That's, Biden, Dave McCormick, Bob Casey Jr, McCormick, Dave, Jarrett Renshaw, Heather Timmons, Alistair Bell Organizations: U.S, Republican, REUTERS, Rights, Republican U.S, Representative, White, Democratic, Trump, Democrat, Republicans, Democrats, Reuters, Republican National Committee, Pennsylvania Democrats, Democratic Party, Republican Party, Pennsylvania, Thomson Locations: Dubuque , Iowa, U.S, Nebraska, Arizona, Afghanistan, North Carolina , Arizona, Pennsylvania
Moderna — The pharmaceutical company lost more than 8% Monday, making it the biggest decliner in the S&P 500. Enphase Energy — Shares lost 2.6% after Citi lowered its price target on shares to $170 from $209 while keeping its buy rating. The new price target implies 41% upside from Friday's close. Analyst Chris Quintero highlighted the growth opportunity for the company following a strong investment cycle. The investment bank bumped up the stock's price target to $40 from $37, citing Simply Good Foods' diverse product offering and shifting consumer preferences to healthier choices as catalysts.
Persons: Bernstein, Needham, Noubar Afeyan, Moderna's, Goldman Sachs, Mark Delaney, PayP, Ralph Lauren —, Ralph Lauren's, TD Cowen, Cowen, Tenable, Morgan Stanley, Chris Quintero, Raymond James, ASGN, Wells Fargo, , Alex Harring, Brian Evans, Samantha Subin, Yun Li, Lisa Kailai Han, Pia Singh, Michelle Fox Organizations: — Petroleum refiners Valero Energy, Marathon Petroleum, West Texas Intermediate, Brent, Energy, Arm, Nasdaq, Securities and Exchange Commission, Pharmaceutical, Pfizer, U.S, Tesla, PayPal, MoffetNathanson, Guggenheim, Enphase Energy, Citi, Tenable Holdings, Mizuho, Aldi, Lowe's, Micron Technology, Deutsche Bank, Paramount, Disney, Warner Bros Discovery, Iridium Communications, Iridium Locations: Valero Houston, Houston , Texas, U.S
Piper Sandler upgrades Skechers to overweight from neutral Piper said in its upgrade of the stock that it likes its balance sheet. Goldman Sachs reiterates Tesla as neutral Goldman cut its estimates on the stock and says it sees pricing heading lower. Mizuho upgrades DoorDash to buy from neutral Mizuho said in its upgrade of DoorDash that it's deserving of a re-rating. Wedbush upgrades Carvana to neutral from underperform Wedbush said in its upgrade of the stock that it sees profitability upside. Raymond James initiates Disney as outperform Raymond James said in its initiation of Disney that the stock is compelling.
Persons: TD Cowen, TENB, Piper Sandler, Piper, Goldman Sachs, Tesla, Goldman, Wells, Wedbush, Evercore, Raymond James, Ralph Lauren, Guggenheim, Morgan Stanley, Atkins, Bernstein, ASGN, underperform Bernstein, it's, YoY Organizations: Tenable Holdings, TAM, Tesla, Apple, Netflix, Northland, Mizuho, HSBC, Deutsche Bank, Micron, Deutsche, Barclays, Alliant Energy, EV, UBS, BioMarin Pharmaceutical, Iridium, NASDAQ, Disney, Bank of America, of America, Nvidia, Nike, NKE's 1Q, PayPal, Moffett Locations: Europe, Wisconsin, Iowa, US, Swedish, 2Q23
JPMorgan upgrades Tenable to overweight from neutral JPMorgan said the security software solutions company is "well positioned for better fundamentals." JPMorgan upgrades Nubank to overweight from neutral JPMorgan said it sees an attractive entry point for the Brazilian neobank company. JPMorgan downgrades Brunswick to neutral from overweight JPMorgan said higher interest rates will weight on the marine recreation company in the months ahead. Bank of America reiterates Nvidia as a top pick Bank of America said Nvidia shares remain "compelling" at current levels. " Bank of America initiates Raymond James as buy Bank of America said the financial services company is well positioned and has a defensive portfolio. "
Persons: Morgan Stanley, Tesla, Raymond James, RJF, Evercore, Redburn, Bob Iger, Johnson, Jefferies, Bernstein, Brown, Forman, Baird, it's Organizations: supercomputing, Investors, JPMorgan, TENB, Brazilian, Bank of America, CSX, of America, 3Q, JPMorgan downgrades, Nvidia, AMD, Barclays, UBS, Amazon, Netflix, Disney, Deutsche Bank, Deutsche, Citi, Microsoft Citi, Microsoft, Apple Locations: JPMorgan downgrades Brunswick, North America
Alibaba — Shares lost 1% after outgoing CEO Daniel Zhang unexpectedly quit its cloud business. In June, the company had said Zhang was leaving as chairman and CEO of Alibaba Group to focus on the cloud intelligence unit. Qualcomm — The semiconductor stock jumped 7.4% premarket after saying Monday it will supply Apple with 5G modems for smartphones through 2026. The Wall Street firm said the slide in the Band-Aid maker has created an attractive entry point. The Wall Street firm called software and services revenue the "biggest value driver" for Tesla.
Persons: Alibaba —, Daniel Zhang, Zhang, Tesla, Morgan Stanley, , Smucker, Alex Harring, Hakyung Kim, Michelle Fox Theobald, Samantha Subin, Sarah Min, Kif Leswing Organizations: Tenable Holdings, JPMorgan, Alibaba Group, Qualcomm, Apple, Deutsche Bank, Oracle, Hostess Brands, Meta, Wall Street
Tesla — Shares of the electric vehicle maker jumped 6% after Morgan Stanley upgraded the stock to overweight from equal weight. Kenvue — Shares of the Band-Aid maker gained 3% after being upgraded by Deutsche Bank to buy from hold on Sunday. The Wall Street firm called Kenvue a high-quality company and believes the stock's slide has created an attractive entry point. Nubank – The U.S.-traded shares of the Brazilian financial firm rose nearly 6% after JPMorgan upgraded Nubank to overweight from neutral. Discovery and Paramount also traded higher on the news, rising 2.2% and 1.9%, respectively,AstraZeneca — The pharmaceutical company's shares lost nearly 3% midday Monday.
Persons: Morgan Stanley, Adam Jones, — Smucker, Alibaba, Daniel Zhang, Zhang, Nubank, Warner, Pascal Soriot, Immatics, — CNBC's Alexander Harring, Samantha Subin, Yun Li, Jesse Pound, Michelle Fox, Tanaya Macheel Organizations: Artificial Intelligence, Hostess Brands, Tenable Holdings, JPMorgan, Deutsche Bank, Alibaba Group, Wall Street, Meta, Qualcomm, Apple, Media, Disney, Charter Communications, Warner Bros . Discovery, Paramount, AstraZeneca, Reuters, Mail, Moderna —, Moderna Locations: Shanghai, U.S, Brazil
LOS ANGELES (AP) — In an entertainment industry bent on categorization, Eric Nam finds an audience in fluidity. But he did become enamored with a particular house on a hill and obsessed with the idea of homeownership. Nam wants the song to illuminate that fact — to allow listeners to find what drives them and hold onto it. “I hope that (the song) makes people kind of reframe, reset what happiness means to them," he says. “This is the culmination of 10 years of experience.”“House on a Hill” releases Friday via The Eric Nam Company.
Persons: Eric Nam, he's, Nam, Korea's, It's, , ” Nam, , we’re, , ” It's Organizations: ANGELES, Boston College, Forbes, Korean, , Nam, Eric Nam Company Locations: Georgia, New York City, Seoul, South Korea, Asia, U.S
For more than a decade, the United States mostly ignored BRICS. The grouping, formed by Brazil, Russia, India, China and South Africa, rarely registered on Washington’s radar. Western commentators, for their part, largely painted BRICS as either a sign of Chinese attempts to dominate the global south or little more than a talking shop. At a summit in Johannesburg last week, the group invited six global south states — Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates — to join its ranks. There are, for example, some differences between the way China and Russia and the global south states view the grouping.
Persons: Jake Sullivan, ” —, United Arab Emirates — Organizations: United, New Development Bank Locations: United States, Brazil, Russia, India, China, South Africa, Johannesburg, Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, United Arab Emirates, U.S
After Hurricane Michael struck Florida in 2018, home sales rose significantly, allowing disaster investors to reap the rewards. This venture has the potential to be even more rewarding given the increasing frequency of natural disasters in the US. But federal disaster relief is painfully slow to respond and often doesn't cover most of the costs. And while moratoriums on damaged land sales aren't a long-term, legally tenable solution, there are ways state officials might be able to deter disaster investors. As the threat of natural disasters increases, so will disaster profiteers.
Persons: Josh Green, Ian, Hurricane Michael, Hurricane, Joe Raedle, Hurricane Maria, Congress —, Hurricane Sandy, it's, Anthony DiMauro Organizations: Nashville Metro Council, FEMA, Hurricane, Centers for Environmental, Federal Reserve's Survey, Consumer Finances, Emergency Managment Agency, Small Business Administration, Urban Institute, Office, Congress, of Housing, Urban, Bloomberg, Newsweek, L.A Locations: Hawaii, Maui, Hawaii's, Tennessee, Nashville, Florida, Wilsey, New Orleans, California, Puerto Rico, Lahaina, New York
Watch CNBC's full interview with Tenable CEO Amit Yoran
  + stars: | 2023-08-28 | 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 EmailWatch CNBC's full interview with Tenable CEO Amit YoranAmit Yoran, Tenable CEO, joins 'The Exchange' to discuss national security concerns over the data fueling open source AI resources, using AI to identify software vulnerabilities, and strong demand for cyber security infrastructure.
Persons: Amit Yoran Amit Yoran
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDemand for cyber security is strong as AI creates new vulnerabilities, says Tenable CEO Amit YoranAmit Yoran, Tenable CEO, joins 'The Exchange' to discuss national security concerns over the data fueling open source AI resources, using AI to identify software vulnerabilities, and strong demand for cyber security infrastructure.
Persons: Amit Yoran Amit Yoran
Ukraine's 82nd Air Assault Brigade has officially joined the counteroffensive against the Russian invasion forces, the Kyiv Post reports. Leaked documents from earlier this year revealed the 82nd Brigade was a formidable unit with about 150 NATO-supplied armored infantry carriers. Forbes called the 82nd Brigade "almost comically powerful" as it represents half of its best NATO-delivered infantry armored vehicles. The 82nd Brigade, and its sister air-assault unit, the 46th Brigade, had previously been held in reserve. The 82nd Brigade is reportedly active in the village of Robotyne, in the southern Zaporizhzhia Region of Ukraine.
Persons: Michael Clarke, Forbes, They're, Shane Charles Ukraine's, Clarke, they've, it's, Jimmy Rushton, Victor Ayala Clarke, Rushton Organizations: Air Assault Brigade, Service, 82nd Brigade, NATO, Stryker, British Challenger, Politico, Challenger, Forbes, Brigade, British, Royal United Services Institute, 46th Brigade, US Army Stryker, US Army, Spc, Ukraine, The Locations: Wall, Silicon, Russian, Ukraine, London, Kyiv, Fort Polk, Louisiana, Robotyne, Zaporizhzhia Region, Urozhaine, Zaporizhzhia Oblast
Palo Alto Networks is set to release earnings for its fiscal fourth quarter on Friday after the closing bell. The firm predicted Palo Alto could reach a valuation of $100 billion over the next few years, a sizeable upside from its current $65 billion market capitalization. Palo Alto's edge Palo Alto has a track record of overcoming market headwinds in the long term. In a saturated cybersecurity market, Palo Alto is the "only real soup-to-nuts cyber play ," Jim said recently, allowing it to dominate the field. Signage outside Palo Alto Networks headquarters in Santa Clara, California, U.S., on Thursday, May 13, 2021.
Persons: Palo, Jim Cramer, Wolfe, Nikesh Arora's, That's, Tenable, Jim, Jim Cramer's, David Paul Morris Organizations: Palo Alto Networks, Alto Networks, Palo Alto, Barclays, RBC Capital Markets, Nike Inc, Wolfe Research, Palo, CNBC, Bloomberg, Getty Locations: Palo Alto, Palo, PANW, Santa Clara , California, U.S
Online scams in Brazil jumped 65% last year to over 200,000, according to data from the Brazilian Public Security Yearbook published last month. And across Latin America, online frauds and cyberattacks are at an "all-time high," says cybersecurity company Tenable, posing an urgent problem for a well-connected region. "Latin America is a priority target because it has a very connected population, which means that they are always exposed," said Claudio Martinelli, managing director for Latin America for Kaspersky. In a ranking of 93 countries on cyberthreat risks compiled by fraud prevention software SEON, nine of the 10 Latin American countries were ranked in the bottom half. Three Latin American countries - Honduras, Nicaragua and Venezuela - were seen among the 10 countries with the highest risks for cyberthreats.
Persons: Dado Ruvic, Gabriella Batalha didn't, Batalha, Kerry, Ann Barrett, Barrett, Claudio Martinelli, SEON, Tenable, Ransomware, Marcos Simplicio, Carolina Pulice, Brendan O'Boyle, Nick Macfie Organizations: REUTERS, MEXICO CITY, YouTube, Brazilian Public Security, International Telecommunication Union, Organization of American States, America, Kaspersky, Costa, University of Sao, Thomson Locations: MEXICO, Instagram, Rio de Janeiro, Brazil, America, Latin America, Caribbean, Peru, Mexico, Honduras, Nicaragua, Venezuela, University of Sao Paulo
If you're not sure how much to care about work, or what it means to you, you're not alone. Work blurred into life, and life blurred into work, suddenly making my personal errands the same as work. In the wake of our existential reckoning with work, some office workers flipped the script, making life their full-time job and work a part-time pursuit. Lazy girl jobs and a window of opportunityRight now, we're in the "uncomfortable" middle of work, as Klotz calls it. The opportunity to job hop may be dwindling, but that doesn't mean work has to settle into 2019 norms.
Persons: Anthony Klotz, It's, Klotz, " Klotz, Chris Bailey, Bailey, Nick Bloom, Bloom, it's, stayers Organizations: Service, University College London School of Management, Workers, Stanford Locations: Wall, Silicon
It's a flawed read-through that we believes provides a buying a opportunity— are upgrading our rating on PANW shares to a buy. We would snap up more shares of Palo Alto on Monday were we not restricted after a mention of the stock on-air. In late April into early May, PANW shares fell after negative comments from Tenable (TENB) and Cloudflare (NET). As a market leader in thirteen categories within security, Palo Alto is a winner from what is happening in the market. Arora Nikesh, Palo Alto Networks CEO & Chairman at the WEF in Davos, Switzerland on May 23rd, 2022.
Persons: PANW, Palo, Morgan Stanley, Morgan, Jim Cramer's, Jim Cramer, Jim, Arora Nikesh, Adam Galica Organizations: Palo Alto Networks, Palo, Palo Alto, Barclays, RBC, CNBC Locations: Palo Alto, Palo, PANW, Davos, Switzerland
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