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Just two days after Goldman Sachs named AT & T its top telecom pick, JPMorgan reiterated it as one of its best ideas. JPMorgan analyst Sebastiano Petti called AT & T a broader "value pick" as it currently trades on a valuation discount relative to other names in the sector. AT & T's ongoing fiber optic additions in its broadband businesses well position it for long-term growth, Petti added. Both Petti and Goldman Sachs analyst James Schneider highlighted a potential share buyback announcement as a positive catalyst for shares. "We expect positive wireless results and potentially a capital allocation announcement with the initiation of a buyback.
Persons: Goldman Sachs, Sebastiano Petti, Petti, James Schneider, Schneider, JPMorgan's Petti Organizations: JPMorgan, 5G Locations: Petti, Tuesday's
Although he increased his price target to $150 from $130, the new price target is just around $2 higher from Tuesday's close price. — Fred Imbert 6:46 a.m.: Citi raises Roblox price target Citi is bullish on Roblox's long-term prospects in spite of some near-term rockiness. — Hakyung Kim 5:42 a.m.: Piper Sandler raises price target on Tesla Piper Sandler thinks Tesla may sell more vehicles than the firm previously expected. With this in mind, he raised his price target on Tesla shares to $310 from $300, signaling about 22% upside from Wednesday's close. TSLA YTD mountain TSLA year to date — Hakyung Kim 5:42 a.m.: Barclays upgrades Hewlett Packard Enterprise Rising demand for artificial intelligence servers will boost Hewlett Packard Enterprise shares, according to Barclays.
Persons: Piper Sandler, TD Cowen downgrades Expedia TD Cowen, Kevin Kopelman, Kopelman, EXPE, — Hakyung Kim, Morgan Stanley, Ford Morgan Stanley's Adam Jonas, Jonas, Ford, Fred Imbert, Jason Bazinet, we're, Bazinet, Roblox, Alex Straton, Straton, JPMorgan, Rodolfo Angele, Angele, Tesla Piper Sandler, Tesla, Alexander Potter, Potter, Hakyung Kim, Tim Long, HPE, Long Organizations: CNBC, Barclays, Hewlett Packard Enterprise, U.S, Ford Motor, GM, Citi, Nike, JPMorgan, Petrobras, Tesla, Hewlett, Enterprise, Juniper Networks Locations: China, U.S, Tuesday's, XLK
Read previewFour senators on Wednesday released a bipartisan report chronicling the myriad failures by the Secret Service that preceded an assassination attempt against former President Donald Trump in July. The interim report from the Homeland Security and Governmental Affairs Committee said that the Secret Service failed to "clearly define responsibilities" during the fateful rally. AdvertisementThe report also said Secret Service personnel responsible for planning coverage of the July 13 event "denied that they were individually responsible for planning or security failures and deflected blame." The staff report states that the Secret Service was told that local police had seen a "suspicious person with a rangefinder" near the building at about 5:45 p.m.By 5:52 p.m., at least eight Secret Service personnel had been told about the suspicious person, according to the report. Related storiesIn a statement to Business Insider, the Secret Service said it's taken steps since the assassination attempt to address the issues.
Persons: , Donald Trump, Gary Peters of Michigan, Richard Blumenthal, Rand Paul of Kentucky, Ron Johnson of, Peters, Paul, rallygoer, it's, Anthony Guglielmi, Guglielmi Organizations: Service, Wednesday, Democratic, Richard Blumenthal of Connecticut, Business, Homeland Security, Governmental Affairs Committee, Secret, Trump, Unmanned Aircraft Systems, Counter Assault, Senate Homeland Security Locations: Richard Blumenthal of, Ron Johnson of Wisconsin
Studying brain health among diverse populationsTo tackle the gap in knowledge, the authors studied participants enrolled in the United States-based All of Us Research Program between May 2017 and June 2022. The authors included only dementia, stroke and late-life depression in their list of brain health outcomes since those are some of the most prominent diseases that affect neurological, psychiatric and cognitive aspects of the brain. Of the 393,041 adults age 51 on average, about 10% belonged to sexual or gender minority groups. Of that subset, 97% identified as a sexual minority and 11% as a gender minority, but these two groups weren’t mutually exclusive. However, the reasons behind this effect remain elusive.”There is no evidence that being a sexual or gender minority alone causes worse brain health, experts said.
Persons: , Shufan Huo, Riccardo Manca, wasn’t, Huo, ” Huo, , Amir Ahuja, Manca, ” Manca, Ahuja, ” Ahuja, won’t Organizations: CNN, Yale University School of Medicine, Brunel University London, Us Research, Los Angeles LGBT Center, Trans Survey Locations: United States
CNN —New York City Mayor Eric Adams has been indicted on at least one federal criminal charge, multiple sources familiar with the matter tell CNN. The indictment follows a monthslong federal investigation into campaign fundraising violations and foreign influence. The mayor is expected to have several days to turn himself in, according to sources familiar with the case. New York City campaign finance records show Arkan donated $1,500. As part of their investigation, FBI agents seized Adams’ cell phones days after the raid on Suggs’ home.
Persons: Eric Adams, Adams, , ” Adams, He’s, Edward Caban, Lisa Zornberg, Adams ’, Zornberg, David Banks, Brianna Suggs, Suggs, Erden Arkan, Arkan, Suggs ’, , Jumaane Williams Organizations: CNN, New, New York City, The New York Times, Mansion, City Hall, US, Southern, of, NYPD, Democratic Party, New York Police Department, KSK, FBI, Democratic, Turkish Locations: New York, New, of New York, America’s, City, Brooklyn, New York City, Manhattan, Adams ’, Turkish, Turkey, Üsküdar
As Americans increasingly rely on Social Security and other retirement income to get by, high medical expenses could throw years of retirement planning out of balance. AdvertisementRetiring early to be his wife's caretakerPapalia had a goal to retire in 2015 at age 65 so he could receive Social Security benefits and have enough saved that money wouldn't be a huge issue. However, in 2010, he retired to care for his wife full-time, taking a buyout from his company that lasted until 2014. Marie's medical care was expensive, and they also cared for two dogs, both of whom had costly medical issues. Scraping by and making sacrificesPapalia receives $2,132 a month in Social Security before taxes and insurance and $1,900 from his pension, while Marie gets $1,113 a month from Social Security.
Persons: , Robert Papalia, Marie, They're, Papalia, they're, wouldn't, She's, they've, We're, it's, he's Organizations: Service, Business, BI, Social Security, Social, Security Locations: Burlington , New Jersey, New Jersey, Pennsylvania
CNN —Thousands of Florida residents have been forced to evacuate as the state prepares for rapidly strengthening Tropical Storm Helene, which could bring powerful winds, flooding and life-threatening storm surge to areas already hard-hit by recent hurricanes. The Big Bend area faces the most serious storm surge: up to 15 feet of it is possible. Over in Sanibel, one couple who met during Hurricane Ian in 2022 and nearly lost everything are now going to weather Tropical Storm Helene together, CNN affiliate WINK reported. Large clouds move over Havana due to the proximity of the tropical storm Helene, on September 24. Officials in neighboring Pinellas County warned hundreds of homes would likely flood with a higher storm surge than in past destructive storms.
Persons: Helene, Debby, Idalia, Ian Just, ” Howard Rabe, “ We’ve, we’ve, , Rabe, Ian, Michele Vikartofsky, Larry Leventhal, ” Vikartofsky, , it’s, “ Ian, Vikartofsky, WINK, Hurricane Debby, Ron Booher, Hurricane Michael, ” Lynn Marshall, Yamil Lage, Ron DeSantis, DeSantis, Cathie Perkins, Kenneth Welch, ” Welch, Brian Kemp, ” Kemp, James Stallings, Herman, Connell Crooms, Corey Perrine, it’ll, It’s Organizations: CNN, Hurricane, National Hurricane Center, Tampa General Hospital, WFTS, WINK, WFTV, WJHG, Getty Images, Gov, Florida National Guard, Florida State Guard, , Georgia Gov, Georgia Emergency Management, Homeland Security, Woerner, Florida Times, USA, Florida, National Weather Service, Carolinas, Weather, Florida Panhandle Locations: Florida, Bend, United States, Gulf of Mexico, Tampa, Florida’s Gulf, Anclote, Mexico Beach, Cabo Catoche, Citrus, Hillsborough, Charlotte, Gulf , Manatee, Pinellas, Taylor County, Tallahassee, Franklin, Wakulla, Port Richey, Sanibel, Manatee County, Gulf County, Havana, AFP, Getty Images Florida, Georgia, Pinellas County, Idalia, St . Petersburg , Florida, Hillsborough , Pinellas, Sarasota, Jacksonville , Florida, Tampa Bay, Florida , Georgia, Alabama, Tennessee, Carolinas, Virginia, Gulf, Helene
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He expects Oklo to break ground at the Idaho site in 2026, with plans to have the reactor up and running by the following year. The CEO acknowledged there's a risk the 2027 start date gets pushed out depending on how long the NRC review takes. The average nuclear reactor in the current U.S. fleet is around 1,000 megawatts, according to the Department of Energy. The CEO acknowledged the NRC review could delay the 2027 start date for the Idaho microreactor: "There's definitely risk. At the end of the day, we can't control the NRC review timeline," he said.
Persons: Jacob DeWitte, Oklo, DeWitte, there's, Sam Altman's SPAC, Altman, Oklo's Organizations: CNBC, Department of Energy, Idaho National Laboratory, Nuclear Regulatory Commission, AltC, Department of Energy ., Industry, Constellation Energy, NYSE, NRC, World Health Organization, Idaho Locations: Idaho, Idaho Falls, Aurora
DJT stock rose at the opening bell and popped higher around 10 a.m. Trump Media closed more than 5% higher Tuesday, snapping a six-day losing streak. Stock Chart Icon Stock chart icon Trump Media (DJT) Stock PriceTrump Media shares at Monday's close were at their lowest in the roughly six months since the company went public after merging with a blank-check firm. Some experts still see Trump Media, which currently boasts a market cap of more than $2.5 billion, as highly overvalued. Trump Media continued to slide ahead of the expiration of lockup agreements that had barred Trump and other company insiders from selling their shares.
Persons: Anna Barclay, Donald Trump, Trump, Joe Biden, Kamala Harris, Biden Organizations: Getty Images Trump Media, Trump Media, Truth, Price Trump Media, Republican, Trump Locations: Monday's
Read previewIt's official: The labor market vibes are not great. It's the largest tumble in sentiment since August 2021 — and workers' experiences with and expectations for the labor market are partially to blame. A weaker jobs market — although one that's still historically strong — is warping Americans' beliefs about the economy. Even so, though, it'll take a little while for new monetary policy to trickle into daily life and the labor market. Are you having trouble finding a job, or is the job market making you feel bad?
Persons: , It's, Jerome Powell, Wells, Shannon Seery Grein, Jeremiah Kohl, Dana M, Peterson, it'll, Julia Pollak Organizations: Service, Conference, Business, Federal Reserve, Conference Board, Conference Board's, New York Federal Reserve's Survey, Consumer, Survey, Labor
The Spurs' majority owner is Peter Holt, managing partner of Spurs Sports & Entertainment, which also operates the team's arena, the Frost Bank Center. Last May, Viera bought a 5% stake in the Spurs for an undisclosed enterprise value. Partial team owners can get major discounts when they buy small pieces of teams that give them less control over decisions. Businessman Paul Viera is increasing his stake in the San Antonio Spurs from 5% to 11%, CNBC has learned, as NBA valuations climb and make teams more attractive assets for investors. NBA teams are hot assets thanks in large part to the league's new $76 billion, 11-year media deal.
Persons: Peter Holt, Holts, Michael Dell, McCombs, David Robinson, Viera, Earnest, Paul Viera, Victor Wembanyama, Junior Bridgeman, Dee Haslam, Marc Lasry's, Bridgeman, Grant Hill, Penny, Hardaway, Robinson, Dwyane Wade, Elliot Perry, Michael Jordan, Wyc Grousbeck, Aramark Organizations: San Antonio Spurs, Golden State Warriors, T Center, Spurs, Spurs Sports & Entertainment, Frost Bank Center, Dell Technologies, Sixth Street Partners, Earnest Partners, CNBC, NBA, Southwest Division, Milwaukee Bucks, Bucks, Atlanta Hawks, Memphis Grizzlies, Utah Jazz, Grizzlies, Charlotte Hornets, Boston Celtics, Grousbecks, Celtics Locations: San Antonio , Texas, Atlanta
The 36-year-old business coach said she's been gearing up for an "inevitable shift" in how work will operate since 2014. Upwork's latest data shows that nearly 64 million Americans — representing nearly 40% of the entire US workforce — have undertaken freelance work. Stats like these further reiterate the growing recognition of the importance of having multiple income streams. Dixon also uses this strategy in her freelance career. People without side hustles could struggleUltimately, Dixon stands by the idea that everyone should have a side hustle.
Persons: , Reid Hoffman, Hannah Dixon, Dixon, she's, She's, It's, it's Organizations: Service, Twitter, Business
Apple Inc. (AAPL) is facing headwinds despite the launch of the new iPhone 16, which offered only incremental improvements over the prior generation. Investors eagerly awaited the company's Apple Intelligence software update, but its absence as a significant growth driver is tempering investor enthusiasm. To capitalize on the potential downside, I suggest selling the Nov 15 $230/$245 Call Vertical. This entails: Sell the Nov 15, 2024 $230 Calls @ $7.73 Buy the Nov 15, 2024 $245 Calls @ $2.41 View this trade in OptionsPlay for updated pricing. This trade provides a high probability of profit trade for investors who believe AAPL will remain range-bound or face further downside, particularly given the slowing growth.
Persons: AAPL's, AAPL Organizations: Apple Inc, Apple Intelligence, Apple, CNBC, NBC UNIVERSAL Locations: OptionsPlay
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. According to a simulated model that factors in things like changes in health, nursing home costs, and demographics, about 45% of Americans who leave the workforce at 65 are likely to run out of money during retirement. When you have more leisure time on your hands, more money goes toward entertainment and travel, especially in the first few years of retirement. The outcome is a higher withdrawal rate, which can push you into a higher tax bracket, he noted. "People don't take into account how expensive things get over time, not realizing that they can live another 40 years in retirement.
Persons: , Spencer Look, they're, JoePat Roop, Roop, Bob, would've, it'll, Gil Baumgarten, Baumgarten, it's Organizations: Service, Morningstar's Center for Retirement, Business, Belmont Capital Advisors, IRA, IRS, Wealth Management Locations: breakeven
Ulyssia ResidencesUlyssia doesn't have a ship yet, and the vessel acquisition process has become an infamously difficult challenge for similar startups. Residential cruise companies can either build a new ship (as Ulyssia plans to) or refurbish an older used vessel. Life at Sea Cruises intended to purchase a used vessel for its three-year sailing. Villa Vie successfully purchased a more-than-30-year-old vessel for its never-ending cruise, which could set sail in the coming days. However, its launch has already been delayed four months amid issues like the ship's aging rudder stocks and certifications.
Persons: Ulyssia, Meyer Werft, they'd, Villa Vie Organizations: Sea Cruises
A few days after Porter was found dead at home, Combs shared an emotional tribute on Instagram, which has since been deleted. Quincy, Christian, Jessie, and D'Lila defended their parents' relationship in an open letterKim Porter, Quincy Brown, Sean Combs, Christian Combs, and Justin Combs in 2015. Chelsea Lauren/Getty ImagesCombs' four children with Porter shared a joint statement on Wednesday, published by Essence. Quincy, Christian, Jessie, and D'Lila also requested privacy as they grapple with their mother's death and father's arrest. Christian is facing his own allegation of sexual assaultSean "Diddy" Combs and his son, Christian Combs, at the 2023 VMAs.
Persons: , Sean, Diddy, Combs, Kim Porter, Cassie Ventura, Porter, Quincy Taylor Brown, Christian Combs, Jessie James Combs, D'Lila Star Combs, Sean Combs, Jessie, Mat Szwajkos, Getty Combs, Chance Combs, wouldn't, Quincy, D'Lila, Quincy Brown, Justin Combs, Chelsea Lauren, Getty, Albert Joseph Brown III, Al B, Eugene Gologursky, Grace O'Marcaigh, O'Marcaigh, Christian, Aaron Dyer, Jacob Shamsian Organizations: Service, Business, Daily Mail, D'Lila, Angeles County Department of Medical Examiner, Essence ., Christian, MTV, BI Locations: Manhattan, Christian, Essence . Quincy, Quincy, Los Angeles
Read previewI met my partner in New Orleans right before COVID changed everything, and I never thought our relationship would involve dealing with international borders and visa rules. Spending my 50th birthday alone in Australia after getting deported was devastating. Related storiesWhen I finally returned to the US with the correct visa, I thought the worst was behind me. AdvertisementLiving between two countries comes with its own set of challenges, and the trauma of being deported has only made it harder. Rene and I have had to learn to cope with constant travel, time apart, and the fear of facing immigration again.
Persons: , COVID, Rene, weren't, wouldn't, hasn't, We've Organizations: Service, Mardi, Business Locations: New Orleans, Australia, Honolulu
Best Friends Forever Fest 2024 festival scheduleThe Best Friends Forever Fest 2024 takes place on Friday, October 11, Saturday, October 12, and Sunday, October 13, in Downtown Las Vegas. How to buy tickets for Best Friends Forever Fest 2024You can buy original 2024 Best Friends Forever Fest tickets directly through the festival's website. The prices for original 2024 Best Friends Forever Fest tickets vary depending on ticket type. The prices for 3-Day Best Friends Forever Fest resale tickets begin at $257 on Vivid Seats and $202 on StubHub. The 2024 Best Friends Forever Fest has an incredibly exciting lineup for emo and indie rock music fans.
Persons: we've, Algernon Cadwallader, Braid, Mary, Rainer Maria, Piebald Organizations: Business, Fest, Downtown, Cap'n Jazz, Sunday, Vivid, concertgoers, PLUS, Jazz, American Football, City Devils, Drug Locations: Las Vegas, Downtown Las Vegas, wristbands, Indian, Unwound
The singer, whose legal name is Casandra Ventura, settled the suit with Combs in a day without disclosing the terms. In addition to Combs, Graves’ suit names Joseph Sherman, who, according to the suit, was known as “Big Joe,” and was for a time, Combs’ bodyguard and head of security. The suit alleges Combs led her to a couch in a private room in the studio, where she lost consciousness. Combs applied lubricant to himself and then raped her as she screamed out in pain, the suit alleges. When she regained consciousness, the suit alleges Sherman slapped her in the face and sexually assaulted her.
Persons: Sean “ Diddy ” Combs, , , Combs, Thalia Graves, Cassie, Casandra Ventura, Graves, Joseph Sherman, Big Joe, Sherman, Plaintiff, hysterically, ” Sherman, Carl Thomas, hasn’t, Gloria Allred, R, ” Graves, Allred, Ventura Organizations: New York City, Bad, Combs Locations: New York, New York City, Queens, Manhattan
Caroline Ellison, whose testimony helped convict her former boss and ex-boyfriend, disgraced cryptocurrency mogul Sam Bankman-Fried, was sentenced Tuesday to two years in prison for fraud and conspiracy. Ellison, 29, accepted a plea deal to charges of conspiracy and financial fraud in December 2022, a month after FTX spiraled into bankruptcy. Bankman-Fried was convicted of all seven criminal fraud charges against him and sentenced to 25 years in prison. Lawyers for Ellison had asked that she be sentenced to time served and supervised release, citing her cooperation. Ryan Salame, a former top lieutenant of Bankman-Fried, was the first of the FTX executive team to be sentenced.
Persons: Caroline Ellison, Sam Bankman, Ellison, Judge Lewis A, Kaplan, FTX spiraled, Fried, Prosecutors, John Ray, disentangling, FTX, Ryan Salame, Nishad Singh, Gary Wang Organizations: FTX, CNBC, Bankman, U.S, Alameda Research, Super Bowl Locations: U.S, Manhattan, Bahamas, Washington, Caribbean, Bankman
A hurricane watch and warnings of storm surges up to 15 feet high were issued Tuesday for almost all of Florida's western coastline as a potential tropical storm moves across the Caribbean Sea and towards the Gulf Coast. The hurricane watch extends from Indian Pass in north-west Florida near Panama City, down to Englewood, and includes Tampa Bay. Hurricane and tropical storm watches are now in effect for the entire western coast of the Sunshine State. A hurricane watch means that hurricane conditions are possible, and is typically issued 48 hours before the anticipated onslaught of tropical-storm-force winds and conditions. Outside of the U.S., a hurricane watch is also in effect for parts of eastern Mexico from Cabo Catoche to Tulum and Pinar del Río in Cuba.
Persons: Helene, Ron DeSantis, DeSantis, Floridians, Beryl, Debby, Francine Organizations: Grand Cayman, National Hurricane Center, NHC, Sunshine State, Lower, Florida Gov, Federal Emergency Management Agency, National Guard, Florida State Guard, Atmospheric Administration, Climate Central, Northern, Florida Climate Center Locations: Gulf Coast, Florida, Panama City, Englewood, Tampa, Grand, Mexico, Flamingo, Walton, Bay, Bonita Beach, Lower Florida Keys, U.S, Cabo Catoche, Tulum, Pinar del Río, Cuba, Cayman Islands, Tallahassee, Gulfport, Henrico County, Bend, Caribbean, Northern Caribbean, Eastern Gulf of Mexico, Texas, Florida’s Big Bend, South Carolina, Louisiana
LOS ANGELES — When Simone Biles won her first world championship in 2013, her agent at the time asked her a seminal question: What did she hope to accomplish in the sport of gymnastics? Olympic gold medals may have come up, but one of the wish list items Biles remembers most fondly was a long-held desire to have her own tour across the U.S.Like many of her goals, it has come to fruition in spectacular fashion. In the decade since she first pondered her aspirations in the sport, Biles has won 11 Olympic medals and 30 world championship medals, making her the most decorated gymnast in history. After her tour de force showing at the Paris Olympics this summer, she is making the rounds to 30 American cities to connect and celebrate with the fans who cheered her to greatness from home. It’s called the Gold Over America Tour, which can be abbreviated, appropriately, as “GOAT.”“It’s really about sharing that love and passion for the sport with the audience,” Biles said backstage before Friday’s Los Angeles show.
Persons: Simone Biles, Biles, It’s, , ” Biles, we’ve, Jordan Chiles, Jade Carey Organizations: Paris, America, NBA’s Lakers, Laker Girls, Paris Games, men’s Locations: Los Angeles
CNN —A diamond necklace that has been worn at two British coronations, and is thought to have stones from the infamous necklace at the heart of a Marie-Antoinette scandal, is expected to fetch up to $2.8 million at auction. PA Images/Getty ImagesAfter the family parted with the diamond piece in the 1960s, it was exhibited in the American Museum of Natural History before being acquired by a private collector. Sotheby'sThe piece consists of three rows of diamonds that trail on either side into a diamond tassel. A glittering scandalSome of the diamonds from the necklace may have come from the piece at the heart of the “Affair of the Diamond Necklace” scandal, according to the auction house. The necklace, in the hands of a trickster, had in the meantime actually been broken up and sold in London.
Persons: Marie, Antoinette, Royal, Noble, Sotheby’s, Marjorie Paget, marchioness of, King George VI, Queen Elizabeth II, Lady Woolton, Marquess, Marchioness, , Andres White Correal, Hope Diamond, Louis XVI, of, Queen Organizations: CNN, Westminster Abbey, American Museum of Locations: Sotheby’s, London, Geneva, Switzerland, Anglesey, marchioness of Anglesey, Europe, Middle, Golconda, of France
But Moscow doesn't appear ready to acknowledge that it's not in a financial position to cut Europe off from its natural gas exports completely. Russia's oil and gas revenues hit 8.82 trillion rubles, or $94.6 billion, in 2023. That's 24% lower than the 11.6 trillion rubles it recorded in 2022, when revenues jumped due to oil price volatility. In 2021, Russia's oil and gas sales revenue stood at 9 trillion rubles. To be sure, other geopolitical factors could also be playing into Russia's decision to keep natural gas exports moving into Europe.
Persons: , it's, Sergey Lavrov, Lavrov, It's, There's, Naftogaz Organizations: Service, Sky News Arabia, Russian, Business, West, P, Oxford Institute for Energy Studies, Bloomberg Locations: Moscow, Russia, Europe, United States, Ukraine, Nord, Ukraine's
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