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☆ JPMorgan upgrades Blackstone, calls it 'best in class'
▼ + stars: | 2023-01-24 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

JPMorgan Chase upgraded Blackstone to overweight from neutral on Tuesday, calling the money manager "best in class." The call comes on the heels of the recent controversy over Blackstone 's private real estate investment trust. Blackstone shares dropped after news of the redemption limits in December, dropping 8% in five days and ultimately ending 2022 down nearly 43%. "Blackstone remains best-in-class and an intermediate and longer term winner, so it could hold up near-term better than feared," he said. The BREIT structure remains credible and Blackstone will likely launch new retail products to leverage the success of the non-traded structure, he added.

☆ Amazon, Charles Schwab and Domino's: These are some of analysts' top picks for 2023
▼ + stars: | 2023-01-08 | by ( Fred Imbert | ) www.cnbc.com time to read: +5 min

Despite the uncertainty surrounding the market to start the new year, Wall Street analysts see several stocks they like going forward. CNBC Pro combed the top 2023 picks from nine research firms to find the most common stocks between them. AMZN 1Y mountain Amazon in past year Another top pick shared among several analysts is brokerage Charles Schwab . "We like Schwab going into 2023 because of the downside protection and multiple avenues of upside it offers," wrote JPMorgan's Kenneth Worthington. Domino's Pizza , meanwhile, was named a top pick at Bank of America and BTIG after a tough year.

☆ NFL roundup: 49ers clip Raiders in OT, win 9th straight
▼ + stars: | 2023-01-02 | by ( ) www.reuters.com time to read: +12 min

Jones completed 19 of 24 passes for 177 yards and had 11 carries for a team-high 91 rushing yards. Buccaneers 30, Panthers 24Tom Brady threw three touchdown passes to Mike Evans and orchestrated a fourth-quarter comeback as Tampa Bay clinched the NFC South by beating visiting Carolina. Jerick McKinnon caught two touchdown passes and Blake Bell also made a scoring grab for the Chiefs (13-3). Cooper caught touchdown passes of 46 and 33 yards and running back Nick Chubb had 104 yards on 14 carries. Seahawks 23, Jets 6Geno Smith threw two touchdown passes as Seattle remained in the playoff race with a win against visiting New York.

☆ Vivid new photos give you a rare look at the South China Sea islands that a top US commander says China has fully militarized
▼ + stars: | 2022-12-26 | by ( Michael Peck | ) www.businessinsider.com time to read: +7 min

Beijing has used both natural and artificial islands to build up its military capabilities in the area. Island airbasesAn airfield, buildings, and structures on the artificial island built by China at Subi Reef on October 25. Port for Chinese warshipsAn airfield, buildings, and structures on the artificial island at Fiery Cross Reef on October 25. More than 40 vessels of different types appear to be anchored near Fiery Cross, the Associated Press said in March. These islands have sports fieldsAn airfield, buildings, and recreational facilities on the artificial island at Fiery Cross Reef on October 25.

☆ American college student reported missing while studying abroad in France
▼ + stars: | 2022-12-12 | by ( Marie Brockling | Gabrielle Nolin | ) www.nbcnews.com time to read: +3 min

An American college student has been reported missing by his family while studying abroad in France. The parents of 22-year-old Ken DeLand Jr. have set up a website in an effort to share information about their son, who they say has been missing since last month. The family says they “fear the worst and want him to be located.”DeLand Jr. was studying at the University Grenoble Alpes in France through a study abroad program. DeLand Jr. was last seen making a purchase at 9 a.m. on Dec. 3, 2022. A surveillance camera captured DeLand Jr. entering a sports store in Montelimar in southeast France on Dec. 3, where he made a purchase for $8.40, according to the parents.

☆ The investment case for next-gen trading stocks like Coinbase and SoFi despite crypto contagion
▼ + stars: | 2022-11-22 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +5 min

Nevertheless, crypto trading services such as those offered by Coinbase , SoFi and Robinhood are likely to suffer a lull nevertheless as retail and institutional investors alike exit the market or try and move past their fear of another upheaval. "We are updating our model to reflect a 'lower for longer' assumption, particularly as it pertains to retail trading," Budish said. SoFi in a unique position This week, Democratic senators urged regulators to look into SoFi's trading activity as Washington attempts contemplates acting on FTX's spectacular collapse. SoFi has said its crypto revenue exposure is immaterial, it's compliant with regulators, doesn't do any crypto lending and had no exposure to FTX. However, it's possible that SOFI may find itself more heavily regulated with potential for incremental capital and liquidity requirements."

☆ NFL roundup: Jets stun Bills in AFC East showdown
▼ + stars: | 2022-11-07 | by ( ) www.reuters.com time to read: +8 min

[1/5] Nov 6, 2022; East Rutherford, NJ, USA; Buffalo Bills quarterback Josh Allen (17) throws in the first half against the New York Jets at MetLife Stadium. New York quarterback Zach Wilson completed 18 of 25 passes for 154 yards and a 7-yard touchdown pass to James Robinson in the third quarter. Panthers quarterback PJ Walker threw for nine yards in the first half until previous starter Baker Mayfield threw two touchdown passes in relief. Lions 15, Packers 9Jared Goff threw two touchdown passes and host Detroit snapped a five-game losing streak while handing Green Bay its fifth straight loss. Seahawks 31, Cardinals 21Geno Smith threw two touchdown passes while overcoming a pick-6 to lead Seattle past Arizona in Glendale, Ariz.

☆ Coinbase jumps after Wall Street cheers cost-cutting measures, active user numbers
▼ + stars: | 2022-11-04 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +4 min

Active user jump Where analysts see the potential for optimism in Coinbase's report is in its reported active monthly users. While active monthly users dipped in the quarter to 8.5 million from 9 million, the company handily beat Wall Street's expectations of 7.84 million monthly active users. Budish also lowered his price target after management's guidance but maintained his equal weight rating on the Coinbase. The result was that lower trading volume drove Coinbase trading revenue to the lowest level since becoming a public company." Cowen has an outperform rating on shares of Coinbase and a $75 price target, albeit down from an earlier $85.

☆ NFL roundup: Panthers surprise Bucs, Packers lose third straight
▼ + stars: | 2022-10-24 | by ( ) www.reuters.com time to read: +10 min

Mandatory Credit: Jim Dedmon-USA TODAY SportsOctober 24 - PJ Walker threw two touchdown passes and the Carolina Panthers shut down Tom Brady and the Tampa Bay Buccaneers in a 21-3 victory Sunday afternoon at Charlotte, N.C. Foreman gained 118 yards on 15 carries and Hubbard picked up 63 yards on nine carries with a touchdown. Commanders 23, Packers 21Taylor Heinicke overcame a rough start, but threw two touchdown passes as Washington rallied to hand Green Bay its third straight loss, in Landover, Md. Travis Etienne went for 114 yards and a touchdown on 14 carries for Jacksonville (2-5), which has lost four straight. With 18 seconds left, Pickett (32-of-44 passing, 257 yards, one touchdown, three interceptions) threw a game-sealing interception in the end zone.

☆ NFL roundup: Bills edge Chiefs in AFC Divisional round rematch
▼ + stars: | 2022-10-17 | by ( ) www.reuters.com time to read: +9 min

Allen passed for 329 yards and three touchdowns for the Bills, who have the best record in the AFC. Register now for FREE unlimited access to Reuters.com RegisterButker booted a 44-yard goal to give the Chiefs a 20-17 lead with 9:49 remaining in the fourth quarter. Jimmy Garoppolo threw two first-half touchdown passes to Brandon Aiyuk, but also mixed in a pair of interceptions on a 29-for-41, 296-yard day. Bengals 30, Saints 26Joe Burrow threw three touchdown passes as visiting Cincinnati came from behind in the fourth quarter to defeat New Orleans. The two connected on a scoring strike with 9:55 left in the fourth quarter to help the Steelers snap a four-game losing skid.

☆ Crypto investors still haven't priced in the upside from the Ethereum merge, JPMorgan says
▼ + stars: | 2022-10-11 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Excitement around the merge has already faded, but the long-term benefits Ethereum will reap from the technical upgrade have yet to be realized, according to JPMorgan. The merge refers to a technical transition meant to improve its security in a way that lowered energy consumption by almost 100%. One of the most attractive potential outcomes of the merge for investors, a smaller supply of ether, hasn't quite arrived yet, but JPMorgan says it's still early. While the ether supply has continued to increase since the merge, it has slowed to a di minimis pace, Worthington said. "We believe that the Ethereum Merge could be a big factor in terms of increasing the use cases for blockchain into new areas, including financial services," Worthington said, highlighting decentralized finance and NFTs.

☆ China's new J-20 is nothing 'to lose a lot of sleep over,' but the US's stealth advantage isn't safe, US commanders say
▼ + stars: | 2022-09-23 | by ( Christopher Woody | ) www.businessinsider.com time to read: +7 min

China's air force has rapidly grown in size and capability, adding advanced jets like the J-20. The J-20 isn't "anything to lose a lot of sleep over," the head of US Pacific Air Forces said this week. But US Air Force leaders do say the US needs to work to stay head of the progress China is making. "We can take a look at it today and say we're not going to lose a lot of sleep. I'll lose sleep if we don't continue to modernize our Air Force to ensure that we stay ahead of where they are."

This is our town.” For months in Kentucky, residents outraged by the killing of Breonna Taylor campaigned for the police officers who shot her to face charges. This is injustice, and this is a start clock for the next level of our protest.” “Say her name.” “Breonna Taylor.” What happened in the final minutes of Breonna Taylor’s life? But at 1 a.m., almost 20 minutes after the shooting, the police still don’t know Taylor is critically injured inside. But in this analysis, the killing of Breonna Taylor resulted from poor planning compounded by reckless execution. And nine months after Taylor was killed, her family is seeking a fresh inquiry into the officers involved.

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