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☆ Japan’s Prime Minister Safely Evacuated After Blast
▼ + stars: | 2023-04-14 | by ( Mike Ives | Hikari Hida | ) www.nytimes.com time to read: 1 min

Prime Minister Fumio Kishida of Japan was safely evacuated on Saturday after an explosion was heard just before he was scheduled to give a speech, the country’s national broadcaster said. The episode took place late Saturday morning in the western Japanese city of Wakayama, the broadcaster, NHK, reported.

☆ Fort Lauderdale Is Drenched With Over a Foot of Rain, Shutting the Airport
▼ + stars: | 2023-04-13 | by ( Mike Ives | ) www.nytimes.com time to read: +1 min

Thunderstorms in southeastern Florida dumped 15 to 20 inches of rain in the Fort Lauderdale area on Wednesday, the National Weather Service said, trapping motorists in floodwaters and leaving travelers stranded inside a major airport that had been shut down. But the rain was so heavy that the Fort Lauderdale-Hollywood International Airport closed. The Weather Service issued a flash flood emergency for the Fort Lauderdale area on Wednesday night. Those are reserved for extremely rare situations after heavy rain that lead to torrents of water that pose a severe threat to human life and can cause catastrophic damage. Fort Lauderdale, which lies in central Broward on the Atlantic coast, is one of Florida’s largest cities.

☆ Court Says Abortion Pill Can Remain Available but Imposes Temporary Restrictions
▼ + stars: | 2023-04-13 | by ( Pam Belluck | ) www.nytimes.com time to read: +1 min

Last week’s ruling by Judge Matthew J. Kacsmaryk, of the U.S. District Court for the Northern District of Texas, was a preliminary injunction saying that the F.D.A. Judge Kacsmaryk, a Trump appointee who has written critically of the Roe v. Wade decision, had stayed his order for seven days to give the F.D.A. The F.D.A had asked the appeals court to extend the stay beyond that seven days. In the decision, two Trump-appointed judges voted to reimpose some of the restrictions that the F.D.A. The third judge, appointed by President George W. Bush, said she would essentially have granted the full request.

☆ Cirrus Logic slumps as analyst says Apple to abandon button design change
▼ + stars: | 2023-04-12 | by ( ) www.reuters.com time to read: +2 min

April 12 (Reuters) - Shares of Apple Inc (AAPL.O) supplier Cirrus Logic Inc (CRUS.O) tumbled about 12% after a renowned analyst said the iPhone maker will abandon the solid-state button design for premium variants of its iPhone 15 series of smartphones. Amid speculation Apple would use a button format that remains static, TF International Securities analyst Ming-Chi Kuo, known for his accurate predictions related to Apple's product launches, said in a blog post the company decided to abandon the design shift. "Investors had anticipated that the new solid-state button design would increase suppliers' revenues and profits," Kuo said. Shares of integrated circuit maker Cirrus Logic have hit their lowest in over two months and are set for their worst day in about two years. Cirrus Logic declined to comment.

☆ Microsoft on offense against rivals with cloud and ChatGPT, says Wedbush's Dan Ives
▼ + stars: | 2023-04-12 | 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 EmailMicrosoft on offense against rivals with cloud and ChatGPT, says Wedbush's Dan IvesDan Ives, Wedbush, joins 'Closing Bell' to offer his bullish case on Microsoft and earnings season.

☆ March CPI and the Fed's next steps in its inflation battle: Everything to know
▼ + stars: | 2023-04-12 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Phil Rosen here — March's inflation report is due at 8:30 a.m. "Super core inflation in the CPI report has shown no signs of abating yet," he wrote in a note. Below, I'm breaking down how the world's largest asset manager expects the inflation story to pan out in the long-run. But BlackRock isn't convinced that strength can continue. These three under-the-radar signals suggest that a US recession isn't as close as you might think.

☆ A top tech analyst who predicted the sector's robust rebound this year shares 3 reasons why the rally can continue throughout 2023 — and his 13 favorite stocks to buy now
▼ + stars: | 2023-04-11 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

Wedbush analyst Dan Ives shared three reasons why tech stocks will continue to push higher. Here are 13 top tech stocks to buy heading into the Q1 earnings season. Yet the S&P 500 tech sector has risen an impressive 20.10% year-to-date. 13 tech stocks to buy nowAfter making the case for tech stocks broadly, Ives zeroed in on 13 of his favorite picks to buy right now. The list includes a quartet of mega-caps, six cybersecurity names, and a trio of other software stocks that have an outperform rating from Wedbush Securities.

☆ Premarket stocks: What markets are watching after digesting the US jobs data
▼ + stars: | 2023-04-10 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

While inflation has come down and other economic data point to a cooling economy, the labor market has remained remarkably resilient. The labor market is cooling but not rapidly or significantly, and further rate hikes can’t be ruled out. More trouble for commercial real estateA few weeks ago, Before the Bell wrote about big problems brewing in the $20 trillion commercial real estate industry. In a worst-case scenario, anxiety about bank lending to commercial real estate could spiral, prompting customers to yank their deposits. The proportion of commercial office mortgages where borrowers are behind with payments is rising, according to Trepp, which provides data on commercial real estate.

☆ Tesla just flashed a sell signal that could spark a 14% decline amid more vehicle price cuts
▼ + stars: | 2023-04-07 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Tesla stock just flashed a sell signal that could spark 14% downside, according to Fairlead Strategies' Katie Stockton. The technical sell signal comes amid more price cuts for Tesla's Model 3, X, and S vehicles. A signal line is plotted, which can function as a buy and sell signal. "Incremental price cuts likely needed amid inventory build, especially as production at Austin and Berlin ramps [higher]," Barclay's said earlier this week. These price cuts should weaken Tesla's profit margins, which, aside from delivery figures, is what Wall Street is laser focused on.

☆ How the market’s biggest companies manage their cash and investments
▼ + stars: | 2023-04-05 | by ( Tim Mullaney | ) www.cnbc.com time to read: +3 min

The cash balances of big companies will, though, be in focus again as another earnings season begins. U.S. companies are sitting on at least $2 trillion of cash, with a quarter of it concentrated in a few top technology companies, according to Moody's Investor Service. Other big holders of cash are carmakers like Ford and Tesla , and health-care companies like Pfizer . Taking the bank example, depositors may run if they think an institution is in trouble, as we just saw. Look for the line on the income statement that discloses "other income," usually between operating profit or loss and disclosure of the company's tax bill.

☆ Shark Tank investor Kevin O'Leary breaks down his latest crypto bet as regulators look to crush 'rogue' operators
▼ + stars: | 2023-04-04 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

I caught up with Shark Tank investor Kevin O'Leary, an active crypto investor and market veteran, to get his take on the digital asset sector and recent regulatory action. Since November, he's moved his holdings to Canada, where he uses WonderFi, a name he's backed as an investor. They told regulators 'go get them,' and all of a sudden we have a mountain of enforcement action." The SEC said it's "neutral" about the technology at hand, yet "anything but neutral when it comes to investor protection." I bet if you looked at who's managing these companies 36 months from now, all the current guys are gone."

☆ Tesla falls 7% as first quarter deliveries show growing inventory buildup and analysts say that more price cuts may be needed
▼ + stars: | 2023-04-03 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

Tesla stock fell 7% on Monday after the company announced its first quarter vehicle deliveries. Tesla delivered 422,900 vehicles last quarter, which was ahead of Wall Street's 421,500 estimate. The stock fell as Tesla vehicle inventory surged, suggesting to some analysts that they need to enact more price cuts to spark demand. "Incremental price cuts likely needed amid inventory build, especially as production at Austin and Berlin ramps [higher]," Levy said. Analysts at Bernstein also suggested that more price cuts could be needed if Tesla wants to achieve its volume targets.

Multiple experts identified the presence of malware on the Pinduoduo app that exploited vulnerabilities in Android operating systems. Evidence of sophisticated malware in the Pinduoduo app comes amid intense scrutiny of Chinese-developed apps like TikTok over concerns about data security. Pinduoduo has previously rejected “the speculation and accusation that Pinduoduo app is malicious.”CNN has contacted PDD multiple times over email and phone for comment, but has not received a response. Google Play is not available in China, and Android users in the country download their apps from local stores. Engineers also found their access to big data, data sheets and the log system revoked, the source said.

☆ Tesla sales again fall short of production
▼ + stars: | 2023-04-02 | by ( Chris Isidore | ) edition.cnn.com time to read: +2 min

The first quarter also marked the fourth straight quarter that Tesla has produced more vehicles than it has delivered to customers. Some of that may be due to the ramp up in production at two new factories, one in Texas, the other in Germany, which opened last spring, and a lag between that increased production and sales. Even Ives, a bull on Tesla stock, said the lower prices that Tesla got for cars in the quarter will mean tighter profit margins going forward. First quarter production was up only 0.2% from the final three months of 2022, despite it efforts to ramp up production in Germany and Texas. Production and sales were up much more when compared to the first quarter of 2022, with production up 44% and deliveries up 36%.

☆ The Nasdaq 100 just entered a fresh bull market - and a top analyst says tech names look like the new safety trade
▼ + stars: | 2023-03-31 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Those rate forecasts have bolstered tech names, and mega-caps like Apple and Microsoft have pulled the Nasdaq higher. "While it sounds like Twilight Zone comment to many investors, tech stocks have become the new safety trade with Big Tech names a major beneficiary of this dynamic," Ives, a managing director and senior equity research analyst at Wedbush, wrote in a note. "And these tech stocks have been under owned and still remain in that camp in our opinion." Short sellers generated paper profit of $14 billion betting against bank stocks over the last month. Shorting bank names in March produced a "wide swath of profitable trades that returned +17.2% in less than a month," S3 Partners said.

☆ The new safety sector is tech, says Wedbush's Dan Ives
▼ + stars: | 2023-03-29 | 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 EmailThe new safety sector is tech, says Wedbush's Dan IvesDan Ives of Wedbush Securities, joins 'Closing Bell' to discuss tech stocks and the possible risk to the rally.

☆ Tesla is poised to rally 13% this year as China deliveries pop after latest price cuts, Wedbush says
▼ + stars: | 2023-03-29 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

Tesla stock is poised to gain 13% this year, as deliveries will surge on the latest price cuts. The EV maker slashed prices for its key models in China, which is expected to boost demand. Wedbush estimated deliveries would hit at least 420,000 this quarter, and reiterated its $225 price target for the stock. Tesla stock has soared 76% since the start of the year, a stark turnaround from its dismal performance in 2022. That led Wedbush to remove Tesla from its Best Ideas list in November, though it has been bullish on the EV maker this year.

☆ How Uber left Lyft in the dust
▼ + stars: | 2023-03-29 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +5 min

In the process, Lyft cultivated a feel-good brand – but Uber dominated the market. “As a member of the board, he knows both the challenges and opportunities ahead.”For Lyft, the current challenges are immense. While Uber diversified its business beyond ride-hailing by delivering meals and grocery items, Lyft never did. David Risher, Lyft's new CEO, flanked by Lyft's co-founders, Logan Green (left) and John Zimmer (right). Davidson, wrote in a note this week that the new CEO “could signal an increased willingness to broaden the strategic aperture at LYFT a bit as it relates to areas like product strategy (delivery), partnerships, or other novel ways to create value.”Former Uber CEO Travis Kalanick (left); current Uber CEO Dara Khosrowshahi (right).

☆ Lyft corporate shake-up: Is this an opportunity to buy the stock?
▼ + stars: | 2023-03-27 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLyft corporate shake-up: Is this an opportunity to buy the stock? Dan Ives, Wedbush analyst, joins ‘Closing Bell: Overtime’ to react to the news of former Amazon executive David Risher assuming the CEO position at Lyft next month.

☆ Lyft picks new CEO as founders tap out amid fierce competition
▼ + stars: | 2023-03-27 | by ( ) www.reuters.com time to read: +2 min

Risher, a former Amazon and Microsoft executive, ran non-profit Worldreader for over a decade before joining Lyft's board in 2021. Shares of Lyft lost nearly three-quarters of its value in 2022 and is down about 13% this year. Shares of Lyft, which is yet to report an annual profit, rose about 3% in trading after the bell. A member of the Lyft board of directors since July 2021, Risher will become CEO on April 17, while Green and Zimmer will continue to serve as chair and vice chair of the board. Risher will be paid an annual salary of $725,000 and will get a signing bonus of $3.25 million, the company said.

☆ A TikTok ban is inevitable and that spells trouble for US stocks, Gene Munster says
▼ + stars: | 2023-03-24 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

A TikTok ban is bound to happen eventually, according to Deepwater's Gene Munster. A ban could spell trouble for US stocks with business in China, which might retaliate. Munster predicted the Biden administration could allow TikTok to stay this year, in order to quell escalating tensions between the US and China. And while a TikTok ban initially seems like a positive for US rivals like Meta's Reels, the House committee showed a large concern over the app's addictiveness and its consequences on teen mental health. "When TikTok gets banned I think Meta will come back into the spotlight and have to answer the same questions that TikTok was asked."

☆ Wall Street says TikTok CEO Shou Zi Chew had a 'disaster' day in Congress — but the internet is loving him
▼ + stars: | 2023-03-24 | by ( Reena Koh | Nidhi Pandurangi | ) www.businessinsider.com time to read: +6 min

On Thursday, TikTok CEO Shou Zi Chew appeared before the House Committee on Energy and Commerce. Wall Street slammed Chew's testimony, dubbing it a "disaster moment" for TikTok. The video has over 1.2 million views, over 215,000 likes, and a range of comments expressing their approval for Chew. Two days before the Congressional hearing, TikTok's official account shared a rare video of Chew casually introducing himself to people. In the video, Chew gave context about the hearing and asked viewers to tell him what they enjoyed about the app.

☆ TikTok congressional hearing: CEO Shou Chew grilled by US lawmakers
▼ + stars: | 2023-03-23 | by ( David Shepardson | ) www.reuters.com time to read: +6 min

TikTok, which has more than 150 million American users, was repeatedly hammered in the ongoing hearing where no lawmaker offered any support. PARENTS UNHAPPYRepresentative Diana DeGette, a Democrat, said TikTok's efforts to prevent the spread of misinformation on the platform were not working. REUTERS/Evelyn Hockstein 1 2 3 4 5"You gave me only generalized statements that you're investing, that you're concerned, that you're doing work. Wedbush analyst Dan Ives on Twitter said, "TikTok CEO testimony so far we would characterize as a 'mini disaster' for this key moment for TikTok. TikTok is now poster child of the US/China tensions and lawmakers have a lot of q’s with not enough concrete answers."

☆ The TikTok CEO's day in Congress was a 'disaster' that means the app will still likely get banned or sold, Wall Street says
▼ + stars: | 2023-03-23 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +5 min

TikTok CEO Shou Zi Chew testified in front of US Congress, amid calls for a forced sale or ban. But after hours of grilling, the testimony likely had the opposite effect. A sale or ban of TikTok is still likelyWithout a radical shift in the conversation, the status quo is upheld. Which means that the same question is now being asked: Is TikTok more likely to be forced to sell, or will it be banned outright? "It's very possible that Congress advances these bills and, and passes them, but those bills won't ban TikTok," he said.

☆ The TikTok CEO's day in Congress was a 'disaster' that failed to prove a sale or ban isn't the only way forward, Wall Street says
▼ + stars: | 2023-03-23 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +5 min

TikTok CEO Shou Zi Chew testified in front of US Congress, amid calls for a forced sale or ban. But after hours of grilling, the testimony likely had the opposite effect. Thursday's hearing likely gave lawmakers even more fuel for the argument in favor of a sale or a ban. A sale or ban of TikTok is still likelyWithout a radical shift in the conversation, the status quo is upheld. "It's very possible that Congress advances these bills and, and passes them, but those bills won't ban TikTok," he said.

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