DIRS.INFO The most relevant business & tech news

☆ Elon Musk’s X is worth nearly 80% less than when he bought it, Fidelity estimates
▼ + stars: | 2024-10-02 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

New York CNN —The social media platform formerly known as Twitter is worth almost 80% less than two years ago when Elon Musk bought it, according to estimates from investment giant Fidelity. The new valuation from Fidelity implies that it believes X is now worth just $9.4 billion — a far cry from the $44 billion that Musk paid. Other investors could value X differently. Ives said that he believes Twitter was really worth around $30 billion when Musk bought it, and today it’s worth closer to $15 billion. “When Musk bought Twitter, investors didn’t realize we’d be taking off on AI as fast as we are,” Munster said.

Persons: Elon Musk, ” Dan Ives, Ives, Twitter, Musk, Kantar, White supremacists, dumbest, Similarweb, Gene Munster, doesn’t, ” Munster, Munster, Musk’s, didn’t, we’d, “ Organizations: New, New York CNN, Twitter, Fidelity, Growth, Musk, Wedbush Securities, CNN, Google, Deepwater Asset Management, xAI Locations: New York, United States, X.com

☆ Mining giant Fortescue says it's time to walk away from the 'proven fantasy' of net zero
▼ + stars: | 2024-10-02 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +2 min

Australian mining tycoon Andrew Forrest, founder and executive chairman of Fortescue, says it is time for the world to walk away from the "proven fantasy" of net zero emissions by 2050 and to embrace "real zero" by 2040 instead. Someone with a bit of ticker because the technology is there," he continued. "We know the world can go real zero 2040 and I'm reaching out to the business people and politicians across our planet to say it is time now to walk away from this proven fantasy [of] net zero 2050 and adopt real zero 2040," Forrest said. Net zero refers to the goal of achieving a state of balance between the carbon emitted into the atmosphere and the carbon removed from it. More than 140 countries, including major polluters such as the U.S., India and the European Union, have adopted plans to reach net zero.

Persons: Andrew Forrest, Fortescue, Forrest Organizations: I'm, European Union Locations: U.S, India

Drone video of gray whales captured over seven years off Oregon has revealed new details about how the giant marine mammals find and eat food. “It’ll help us manage them moving forward.”Drone imagery shows gray whales doing headstands and bubble blasts. Once common across the Northern Hemisphere, gray whales are now regularly seen only in the North Pacific. Gray whales are typically observed alone or in small groups, though large groups may be seen at feeding or breeding grounds. The team tracked 78 gray whales during a total of 160 sightings from 2016 to 2022.

Persons: ”, Clara Bird, ” Bird, “, Gray, Bird, Susan Parks, ” Parks, Parks Organizations: Oregon State, Mammal, Oregon State University, Northern, National Oceanic, Atmospheric Administration, Syracuse University Locations: Oregon, North, Newport

☆ FAA grounds SpaceX's Falcon 9 rocket after a malfunction on its return to Earth
▼ + stars: | 2024-10-01 | by ( ) www.nbcnews.com time to read: +3 min

Before that, groundings were rare for Falcon 9, SpaceX’s centerpiece rocket, which much of the Western world relies on for accessing space. SpaceX is likely to seek FAA approval to resume flights in a similar manner, while its engineering investigation continues with oversight by the FAA. The agency regulates rocket launches and rocket re-entries to the extent they may affect public safety. Falcon 9’s first stage is reusable, but its second stage is not. The Falcon 9 grounding does not directly affect Starship, SpaceX’s giant, next-generation rocket system that it has tested four times since 2023.

Organizations: U.S . Federal Aviation Administration, NASA, SpaceX, Saturday, International Space Station, ISS, FAA, Falcon

☆ U.S. port strike could have huge impact on global supply chain
▼ + stars: | 2024-10-01 | by ( Sam Meredith | ) www.nbcnews.com time to read: +5 min

Workers at ports stretching from Maine to Texas went on strike early Tuesday in a dispute over wages and automation. So, the unpredictability of this issue here is really in play and it has the magnitude to really throw a giant wrench in global supply chains,” she added. Ocean supply chains have already been hit hard this year by conflict in the Red Sea, a lengthy drought affecting the Panama Canal and the Baltimore bridge collapse. You might say it is a perfect storm, but it is also a really good negotiating position for those people wanting a strike,” Sand said. “Frequent shocks to supply chains in recent years have left producers more attuned to the risks of running low inventories,” Saunders said on Sept. 25.

Persons: ” Lisa DeNight, Newmark, CNBC’s, DeNight, Peter Sand, Sand, ” Sand, — “, ”, Maersk, Bradley Saunders, Joe Biden, Biden, Taft, Hartley, ” Saunders Organizations: U.S, Workers, International Longshoremen’s Association, ILA, United States Maritime Alliance, Maersk, North America Economist, Capital Economics Locations: East, Gulf, Maine, Texas, U.S, Red, Panama, Baltimore, Gulf Coast, Europe, Asia, Danish, East Coast

☆ With shares at 10-year lows, Assassin's Creed maker Ubisoft faces questions over its future
▼ + stars: | 2024-10-01 | by ( Ryan Browne | ) www.cnbc.com time to read: +8 min

In this article UBI-FR Follow your favorite stocks CREATE FREE ACCOUNTUbisoft postponed the release of the next title in its popular "Assassin's Creed" game franchise — called "Assassin's Creed Shadows" — by three months to Feb. 14, 2025. The company, which produces the "Assassin's Creed" franchise, said in updated guidance last week that it has postponed the release of the next title in the popular game series — called "Assassin's Creed Shadows" — by three months to Feb. 14, 2025. "The revised targets are mainly a reflection of decisions taken for Assassin's Creed Shadows and the softer than expected launch for Star Wars Outlaws," Ubisoft said. Ubisoft said that its learnings from the Star Wars Outlaws release pushed it to give more time to polish Assassin's Creed Shadows. Yves Guillemot, CEO and co-founder of Ubisoft, speaks at the Ubisoft Forward livestream event in Los Angeles, California, on June 12, 2023.

Persons: John Keeble, —, Yves Guillemot, Robyn Beck, AJ, Tencent, George Brown, Daniel Kerven, David W Peat, Ubisoft's, Michael Pachter, Alicia Reese, Kade, James Lockyer, Peel Hunt, Covid, Lockyer Organizations: Ubisoft, Getty, Star Wars, Star, Valve, Games, AFP, AJ Investments, CNBC, Deutsche Bank, Deutsche, JPMorgan, Wedbush Securities, company's Star Wars, Outlaws Locations: Los Angeles , California, France, Montreuil , Paris

☆ Breaking up Google's ad business could 'cripple' publishers. Analysts make the case for turning it into a public-benefit corporation instead.
▼ + stars: | 2024-10-01 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +7 min

The US Department of Justice and 17 state attorneys general seek to break up Google's adtech business. Arete Research analysts suggest spinning off Google's adtech as a B Corp instead. The government is hoping the judge will force Google to divest some or all of its adtech business. Related storiesA brute-force breakup or shutdown of parts of Google's sell-side business could have unintended consequences for publishers, Arete's analysts wrote. A publisher tech executive shared with Business Insider their own concerns about a potential breakup of Google's adtech business earlier this month.

Persons: —, Google's, execs, adtech, Arete, it's, Richard Kramer, Kramer Organizations: US Department of Justice, Arete Research, Service, Google, Corp . Companies, B, Google Display, Business, News Corp, Daily Mail, Network, Google Network, Corp, YouTube Locations: Google's

☆ Mark Zuckerberg says he wants to be remembered for this
▼ + stars: | 2024-10-01 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +5 min

Meta founder Mark Zuckerberg knows how he wants to be remembered. Zuckerberg hopes Meta will be a "technology" company decades from now — not just an "app company." Zuckerberg wants people to say Meta took "really big swings" that changed the industry and the world. Right, we're not like — we're not an app company," Zuckerberg said of Meta. Zuckerberg said as well that he just wants Meta to be a company that "builds awesome things."

Persons: Mark Zuckerberg, Zuckerberg, Meta, —, Tiffany Janzen, we're, hasn't, Steve Jobs, Jobs, Elon Musk, Musk Organizations: Service, Meta, Business Insider, Harvard, Facebook, Apple, IDC, SpaceX Locations: WhatsApp, Silicon

☆ Nike's new CEO has a big uphill struggle ahead
▼ + stars: | 2024-10-01 | by ( Jordan Hart | ) www.businessinsider.com time to read: +2 min

Elliott Hill is preparing to start as the CEO of Nike amid revenue decline and market challenges. Nike's Q1 fiscal 2025 earnings report shows a 10% revenue drop to $11.6 billion. AdvertisementNike's new CEO will have several challenges to overcome when he takes over in less than two weeks. Nike released its first-quarter fiscal 2025 earnings report on Tuesday, and revenue declined 10% from the previous year to $11.6 billion. Hill, who's scheduled to start as CEO on October 14, wasn't present for Tuesday's earnings call.

Persons: Elliott Hill, —, wasn't, Hill's, Matthew Friend Organizations: Nike, Service, Force Locations: Maine, Texas

☆ The AI boom turned Nvidia into a trillion-dollar giant. Its next big bet is even more complex.
▼ + stars: | 2024-10-01 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +11 min

In addition to the Computex display, humanoid robots have come up on Nvidia's last two earnings calls. The first is self-driving cars and the second is likely to be humanoid robots. Project Groot, which the company refers to as a "moonshot" initiative, is a foundation model for humanoid robots. AdvertisementIt feels like every player aiming for humanoid robots is in it for themselves, Kapoor said. Simulators are an essential stop on the path to humanoid robots, but they don't necessarily lead to human-like perception.

Persons: Jensen, —, Jensen Huang, gesturing, Elon Musk, Huang, Raul Martynek, Databank, Isaac, Tesla, That's, Sophia Velastegui, who's, William, Omniverse, Ashish Kapoor, Kapoor, Jonathan Stephens, Martynek, Velastegui Organizations: Service, Nvidia, Apple, Google, Microsoft, BMW, Boston Dynamics, BYD Electronics, Siemens, sunsetted, Foundations, Grid, Scaled Foundations, Star Locations: Taipei, Taiwan, Computex

☆ Tonight's vice presidential debate matters a lot more this time around
▼ + stars: | 2024-10-01 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, what you need to know about tonight's vice presidential debate , and why it's worth paying attention to. The big storyUp for debateDrew Hallowell/Getty Images; Andrew Harnik/Getty Images; Brandon Bell/Getty Images; Rebecca Zisser/BIOhio Sen. JD Vance and Minnesota Gov. ET for an uncharacteristically important vice presidential debate , write Business Insider's Brent D. Griffiths and John L. Dorman. Thanks to a hot streak at Miu Miu, Prada has done what few luxury retailers have been able to do this year: grow. In short, it doesn't get trendier than Miu Miu — and trendy is good for business.

Persons: —, Drew Hallowell, Andrew Harnik, Brandon Bell, Rebecca Zisser, JD Vance, Tim Walz, Insider's Brent D, Griffiths, John L, Dorman, Donald Trump, Kamala Harris aren't, Vance, Walz, hasn't, Brent, Trump's, There's, Harris, Joe Biden's, Matt Stroshane, Tyler Le, Blackstone, Getty, Justin Sullivan, Nvidia's, Jensen, Mira Murati, Natalie Ammari, That's, Miu Miu, Prada, Jimmy Carter, Mark Rutte, Jens Stoltenberg, Claudia Sheinbaum, Elliott Hill, Mike Johnson, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Business, Service, Microsoft, Getty, Ohio Sen, Minnesota Gov, CBS, Netflix, Republican, UBS, Venture, Murati, Consulting, Nike, NYSE Locations: Minnesota, Silicon, New York, London

☆ Some techies are leaving cushy Silicon Valley jobs to launch startups at home in India
▼ + stars: | 2024-10-01 | by ( Shubhangi Goel | Charissa Cheong | ) www.businessinsider.com time to read: +11 min

Some expat Indians are moving back home to launch companies of their own. But the chaos, where even established startups are trying and failing, makes India a fair playing field for new entrants, Hassan said. Programs like Startup India, which provides founders benefits like tax exemption, easier compliance, and funding support, have made creating a company smoother. Bhide returned to India in January, leaving behind about $580,000 in total compensation at ticketing platform StubHub. Bhide said the general sentiment among local founders is shifting from "Build from India" to "Build for India."

Persons: —, Nithin Hassan, — Hassan, Hassan, he's, Binod Khadria, Khadia, That's, Ben Mathias, VCs, Mathias said, Devyani Parameshwar, It's, Rohan Bhide, Bhide, Dhruv Anand, Dhruv Anand Dhruv Anand, Anand, Ruchit Garg, Garg, Niranjan Vemulkar, Vemulkar Organizations: Service, Amazon, Microsoft, Meta, Global Research, Diaspora, Business, Vertex Ventures, Indian, Startup, Reliance, Tech, Google Locations: India, Bengaluru, Oyo, Byju's, Asia, Africa, Delhi, Gurugram, Silicon Valley, It's, Mumbai, Bangalore

☆ Motorsport is trying to reach Net Zero. Could fuels like this, made from air and water, help accelerate the journey?
▼ + stars: | 2024-10-01 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +10 min

“I believe all fuels will be made in this way, and we won’t be using fossil fuels anymore at all. Zero continued its foray into motorsport in April, linking up with 2B Autosport to become the first synthetic fuel partner in rally car racing. Zero PetroleumZero could perhaps seek to emulate P1 Fuels, a synthetic fuel firm that is already an established player in the industry. Porsche announced this year that the Porsche Mobil 1 Supercup – a one-make stock car series – would run exclusively on synthetic fuels produced at the Haru Oni plant. In addition, some experts suggest that electric power, a significantly cheaper alternative to synthetic fuels, would be a much more efficient way of decarbonizing the sport than synthetic fuel.

Persons: BloombergNEF, Haru, ”, Paddy Lowe, “, Lowe, Nigel Mansell, Nico Rosberg, Mika Häkkinen, Lewis Hamilton, Peter J Fox, “ petrolhead, “ I’ve, Damon Hill, Zero, Valtteri Bottas, Zhou Guanyu, Lamborghini Miura, Diehard, Jean Todt, Loredana Sangiuliano Organizations: CNN, Zero Petroleum, diesel, Vehicles, NASCAR, CNN Sport, Hydrogen Insight, McLaren, Mercedes, Constructors, Formula One, Sauber, Autosport, British Royal Air Force, Zero, P1, World, Porsche, Porsche Mobil, Aramco, Former International Automobile Federation, FIA, E Locations: Bicester , England, Southern Chile, Bicester, Saudi

☆ Abu Dhabi's ADNOC to acquire German chemicals firm Covestro for $16.4 billion
▼ + stars: | 2024-10-01 | by ( April Roach | ) www.cnbc.com time to read: +2 min

Abu Dhabi's state-owned oil firm ADNOC on Tuesday said it has agreed to buy German chemicals firm Covestro for 14.7 billion euros ($16.4 billion). The deal represents an enterprise value of 14.7 billion euros, ADNOC said in a separate statement. "As a global leader and industrial pioneer in chemicals, Covestro brings unmatched expertise in high-tech specialty chemicals and materials, using advanced technologies including AI," said Sultan Ahmed al-Jaber, group CEO and managing director of ADNOC. As part of the deal, ADNOC also signed an investment agreement in which it pledged to provide additional funding by buying 1.17 billion euros worth of new shares of Covestro from a capital increase. Earlier this year the UAE oil giant closed a deal acquiring a 24.9% stake in Austrian chemicals firm OMV.

Persons: Abu Dhabi's, Covestro, ADNOC, Sultan Ahmed al, Jaber, Fertiglobe, Jefferies Organizations: Abu, Abu Dhabi National Oil Company, Bayer Locations: Leverkusen, Germany, ADNOC, Abu Dhabi, London, UAE, Fertiglobe

☆ Amazon just won a partial victory against the FTC
▼ + stars: | 2024-10-01 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +4 min

Amazon won partial dismissal of an FTC lawsuit alleging illegal monopoly practices. AdvertisementAmazon just won a partial dismissal of a Federal Trade Commission lawsuit that accused it of operating an illegal monopoly. In September 2023, the FTC sued Amazon for stifling competition by punishing vendors who sell their items cheaper on rival platforms and for forcing sellers to use Amazon's own fulfillment service. On Monday, a federal judge in Seattle partially granted Amazon's earlier motion to dismiss the case, Reuters reported, citing court records. Last year, the agency sued Amazon in another case, saying it lured unwitting customers into Prime subscriptions and created a "labyrinthine" process to cancel it.

Persons: Biden, — Organizations: Amazon, FTC, Big Tech, Service, Federal Trade Commission, Reuters, Google, Nvidia, Justice, Bloomberg, DOJ, Apple, Activision Blizzard Locations: Seattle, Washington

Meanwhile, Pivotal Research initiated coverage of Google-parent Alphabet with a buy rating and a price target that implied upside of nearly 30%. The investment firm upgraded the cleaning products maker to a buy rating from hold. Analyst Kaumil Gajrawala accompanied the move by raising his price target to $187 from $174. Simultaneously, the analyst set a new target price of $200, which is approximately 26% above Monday's close. Analyst Asiya Merchant maintained her price target of $37, which implies that shares of HP could rise 3%.

Persons: Goldman Sachs, Kaumil Gajrawala, Gajrawala, Clorox, Lisa Kailai Han, Jeffrey Wlodarczak, Wlodarczak, Zuckerberg, Raymond James, Adam Tindle, Tindle, Atlassian, Asiya Merchant, Merchant, Mark Delaney, Ford, Delaney, they've, GOOG, Kamala Harris, — Fred Imbert Organizations: CNBC, Ford Motor, Google, Jefferies, Meta, Citi, HP, HP Inc, Ford, EV, Ford Pro Locations: Monday's, China, Japan, EBIT

☆ Some steady names with income to ride out what's often a tumultuous October
▼ + stars: | 2024-10-01 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

The month is normally the most inconsistent for stocks going back to 1950, with an average S & P 500 daily move of 1.3% in either direction, per FactSet data. The S & P 500 and Nasdaq Composite are up more than 20% in 2024 through Monday's close, while the Dow Jones Industrial Average has popped 12%. The major averages also ended September with solid gains that brought the Dow and S & P 500 to record levels. Against this backdrop, CNBC Pro screened for stocks that can ride out any volatility in the month ahead, with a history of producing steady income. PFE YTD mountain Pfizer stock.

Persons: Stocks, Goldman Sachs, James Schneider Organizations: Nasdaq, Dow Jones, Dow, CNBC Pro, DirecTV, Pfizer, Drug Administration Locations: Monday's

☆ A historic strike is underway at U.S. ports — and the impact on global supply chains could be huge
▼ + stars: | 2024-10-01 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +5 min

A container ship departs the Port of Newark for the Atlantic Ocean on September 30, 2024 seen from New York City. Workers at ports stretching from Maine to Texas went on strike early Tuesday in a dispute over wages and automation. Workers picket outside of the APM container terminal at the Port of Newark in Newark, New Jersey, US, on Tuesday, Oct. 1, 2024. You might say it is a perfect storm, but it is also a really good negotiating position for those people wanting a strike," Sand said. Cranes used for shipping containers rise from the Port of Newark on September 30, 2024 in New York City.

Persons: Spencer Platt, Lisa DeNight, Newmark, CNBC's, DeNight, Peter Sand, Sand, Maersk, Bradley Saunders, Joe Biden, Biden, Taft, Hartley Organizations: Getty, U.S, Workers, International Longshoremen's Association, ILA, United States Maritime Alliance, " Workers, APM, Port, Bloomberg, Maersk, North America Economist, Capital Economics Locations: Port, Newark, New York City, East, Gulf, Maine, Texas, U.S, Red, Panama, Baltimore, Gulf Coast, Europe, Asia, Newark , New Jersey, US, Danish, East Coast

☆ LiquidStack helps data centers cut energy and water use. Check out the 13-slide deck it used to raise $20 million from Tiger Global.
▼ + stars: | 2024-10-01 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +2 min

LiquidStack has secured a $20 million Series B extension from Tiger Global. The startup has launched various cooling technologies for data centers. AdvertisementLiquidStack, a Texas-based startup developing technologies to cool down data centers, has secured a $20 million Series B extension from investment firm Tiger Global. LiquidStack has also launched a two-phase immersion cooling unit to reduce energy in high-density server environments. The $20 million Series B extension, led by US-based investment firm Tiger Global, brings the total Series B round to $35 million.

Persons: LiquidStack, —, Joe Capes, PitchBook Organizations: Tiger Global, Service, US, Trane Technologies Locations: Texas

☆ Mastercard to buy Swedish startup that makes it easier to manage and cancel subscription plans
▼ + stars: | 2024-10-01 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

BARCELONA, SPAIN - MARCH 01: A view of the MasterCard company logo on their stand during the Mobile World Congress on March 1, 2017 in Barcelona, Spain. (Photo by Joan Cros Garcia/Corbis via Getty Images)Mastercard said Tuesday that it's agreed to acquire Minna Technologies, a software firm that makes it easier for consumers to manage their subscriptions. Minna Technologies, which is based in Gothenburg, Sweden, develops technology that helps consumers manage subscriptions within their banking apps and websites, regardless of which payment method they used for their subscriptions. The company said it works with some of the world's largest financial institutions in the world today. Consumers today often have tons of subscriptions to manage across multiple services such as Netflix, Amazon and Disney Plus.

Persons: Joan Cros Garcia, Corbis, it's, Minna Organizations: MasterCard, Mobile, Congress, Getty Images, Mastercard, Minna Technologies, Visa, Netflix, Disney Plus Locations: BARCELONA, SPAIN, Barcelona, Spain, Gothenburg, Sweden

☆ 4 reasons for the tech selling Tuesday — and why we're not changing our view on the group
▼ + stars: | 2024-10-01 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Ultimately, the slow starts to August and September did not stand in the way of Wall Street recording a strong third quarter . Tech woes : The S & P 500 tech sector is having a rough day on several different fronts. 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, There's, Elliott Hill, John Donahoe, Lamb Weston, we'll, Slim Jim, Hunt's, Orville Redenbacher's, We're, Jim Cramer's, Jim Organizations: CNBC, ., Stocks, Federal Reserve, Coterra Energy, Tech, Apple, Citigroup, HP Inc, CDW Corp, Citi, Samsung Electronics, Nvidia, Broadcom, Energy, Nike, Maine Foods, Labor, Jim Cramer's Charitable Locations: East, Iran, Israel, China

☆ Stock futures fall slightly following rocky start to October: Live updates
▼ + stars: | 2024-10-01 | by ( ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock exchange during morning trading on May 17, 2024. Stock futures slipped in overnight trading following a sour start to the new trading month and final quarter of 2024. Futures tied to the Dow Jones Industrial Average edged down 80 points, while S&P 500 futures and Nasdaq-100 futures lost about 0.1% and 0.2%, respectively. In after-hours action, Nike slid about 7% after the sneaker giant pulled its full-year guidance ahead of its CEO change. Ahead of Friday's keynote September jobs report, Wall Street on Wednesday will gain insight into the state of private payrolls with ADP's Employment Survey.

Persons: Elliott Hill, Ryan Detrick, nonfarm Organizations: New York Stock, Stock, Dow Jones, Nasdaq, Nike, LPL, Apple, Nvidia, Microsoft, Tesla, U.S, Treasury, ADP's, Federal Locations: Iran, Israel, Lebanon

☆ Here are Tuesday's biggest analyst calls: Nvidia, Apple, Tesla, Ford, Clorox, Netflix, Pinterest & more
▼ + stars: | 2024-10-01 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are the biggest calls on Wall Street on Tuesday: Morgan Stanley initiates LatAm Airlines at overweight Morgan Stanley says shares of the Latin American airline are undervalued. " Morgan Stanley reiterates Tesla as overweight Morgan Stanley says it's sticking with Tesla ahead of the company's robotaxi day. Bank of America upgrades Alcoa to buy from neutral The firm says the aluminum company is uniquely positioned. Goldman Sachs upgrades Ford to buy from neutral Goldman says it likes the auto giant's "opportunity in software and services." Morgan Stanley reiterates Nvidia as overweight Morgan Stanley says it's standing by the dominant maker of AI processors.

Persons: Morgan Stanley, LTM, Tesla, Oppenheimer, it's, Goldman Sachs, Goldman, Raymond James, Atlassian, Hewlett Packard, it's bullish, Jefferies, KeyBanc, Davidson, Patrick, Wells, Nvidia's Blackwell, Raymond James downgrades Disney Organizations: LatAm, Bank of America, Alcoa, AA, Barclays, Apple, Citi, Anheuser, Busch InBev, Ford, HP, Meta, Google, YouTube, UBS, Netflix, Resources Locations: U.S, Mexico, Florida, Parks

In this article META Follow your favorite stocks CREATE FREE ACCOUNTA logo of US company's Meta is displayed during the Vivatech technology startups and innovation fair, at the Porte de Versailles exhibition center in Paris, on May 22, 2024. It also accuses the company of retaliation after it allegedly sidelined Napoli and took him off big projects when he raised concerns that the person had been rehired. Before the layoffs, G.F. and Napoli occasionally saw each other in meetings but were no more than "work acquaintances," Napoli said. But just four months later, the company hired G.F. back to a contractor position after he apparently slipped through the cracks in the hiring process, the lawsuit says. Napoli learned his accused stalker was back at Meta when G.F.'s name popped up on Workplace, the company's internal messaging system.

Persons: Porte, Julien De Rosa, James Napoli, Napoli, Mark Zuckerberg, Carrie Goldberg, Peter Romer, Friedman, Meta, it's, Meta didn't, G.F, Luigi, he'd Organizations: Porte de, Afp, Getty, Meta, New York Supreme, Meta's New, CNBC, Facebook, Napoli Locations: Paris, New York, New, Napoli, Meta's, Meta's New York City

☆ DirecTV's CEO says its Dish acquisition 'isn't so much about bullying' media giants — but it's definitely about playing hardball
▼ + stars: | 2024-10-01 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

But there's another clear aim for DirecTV: getting more leverage over content providers. AdvertisementLike all pay-TV providers, DirecTV has been crushed by cord-cutting for the last decade or more. The satellite titan hopes to stem the tide by offering skinnier, genre-based bundles and streaming services at no extra cost, though industry observers doubt those moves can reverse declines. AdvertisementDirecTV may need to fight to surviveDirecTV has a survival plan: It wants to become the ultimate middleman between content providers and consumers. AdvertisementBut there's a space between bullying and collaboration, which is where the relationship between TV distributors and programmers usually stands.

Persons: —, Corey Martin, It's, Jon Greer, Venu, Bill Morrow, Morrow, Greer Organizations: DirecTV, Dish, Service, Dish Network, TPG, Disney, ESPN, ABC, Comcast, Granderson Des Rochers's Entertainment Finance, Sports, Hulu

Search resuls for: "Giant"

25 mentions found