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Oracle — Shares dipped more than 12% a day after the software company posted disappointing earnings and revenue guidance for its fiscal second quarter. Oracle's revenue, which came in at $12.45 billion, was weaker than the $12.47 billion forecast by analysts. WestRock — The stock rose 4.8% following news that the paper and packaging company will go through with a merger with Smurfit Kappa. The Wall Street firm said shares may be oversold after the company experienced a temporary outage on its payment processor Square. Elsewhere, Morgan Stanley reiterated its overweight call on Exxon, saying the company was a top pick in its category.
Persons: WestRock, Wolfe, Baird, Goldman Sachs, Corinne Jenkins, Morgan Stanley, Yun Li, Samantha Subin, Hakyung Kim, Lisa Kailai Han, Jesse Pound, Pia Singh, Brian Evans Organizations: New York Stock Exchange, Oracle, LSEG, Smurfit Kappa, Apple —, Casey's, FactSet, Health, P Global, BBB, CVS, Bank of America, Goldman, Food, Drug, Exxon Mobil —, U.S, Texas, Exxon Locations: U.S
At a McDonald's in Orange, California, Insider found that a Quarter Pounder with Cheese meal cost $10.19. DoorDash said it encourages restaurants to "maintain delivery menu prices that more closely reflect in-store menu prices." "There is a premium associated with the delivery channel," Chipotle told Insider, adding that its delivery prices are about 30% above in-store and order-ahead menu prices. ChipotleInsider food correspondent Nancy Luna found delivery prices about 30% higher at Chipotle compared to in-store prices. "This is one reason – among many – why DoorDash encourages restaurant partners to maintain delivery menu prices that more closely reflect in-store menu prices."
Persons: DoorDash, Chipotle, Uber, Nancy Luna, queso blanco, Shouldn't, It's, McDonald's, Ashwin Kamlani, Kamlani Organizations: Service, Chipotle, Chapman University in, Wall Street Locations: Wall, Silicon, Chipotle, Orange , California, Chapman, Chapman University in Orange, queso, McDelivery, That's
Wall Street firms and retired generals will discuss a hypothetical Chinese invasion of Taiwan. The "tabletop exercise" will take place next week in New York, sources told the New York Times. It comes as the congressional China committee plans to meet with top Wall Street investors. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. It comes as the congressional China committee plans to go to New York, where lawmakers will meet with banks, hedge funds and venture capital firms, according to the New York Times.
Persons: Jay Clayton, Jim Chanos, Anne Stevenson, Yang, Mike Gallagher, Biden, BlackRock Organizations: New York Times, Wall, Service, Chinese Communist Party, Council, Foreign Relations, Communist, Financial, Securities and Exchange, Kynikos Associates, J Capital Research, Financial Times, Wall Street Locations: Taiwan, New York, China, Wall, Silicon, Wisconsin, MSCI, Xinjiang
Okta's shares rose 10% after the bell, after the company also raised its annual revenue and adjusted earnings forecast. It also raised its revenue expectations for fiscal year 2024 to $2.21 billion to $2.21 billion from $2.18 billion to $2.19 billion earlier. Subscription backlog, a measure of future revenue, rose 8% to $3.03 billion. The identification software provider's revenue rose 23% in the second quarter from a year earlier to $556 million, beating expectations of $534.5 million. Its peer Cyberark Software (CYBG.F) also topped quarterly revenue expectations in June, in a positive sign for the sector.
Persons: Dado Ruvic, Okta, Arsheeya Bajwa, Krishna Chandra Organizations: REUTERS, Microsoft, Thomson Locations: San Francisco, Asia, Bengaluru
Stick with us, and we'll show you how to watch the 2023 US Open with free live streams available to virtually anyone. How to watch the US Open live stream free from anywhereYou can catch most of the key US Open action using one of the free live streams available. When: August 28 - September 10How to watch the US Open in the USAESPN has the rights to the US Open live streams in the US. How to watch the US Open for free in New ZealandTVNZ is streaming the US Open free online. How to watch the US Open in EuropeMost European countries can stream the US Open through Eurosport.
Persons: Novak Djokovic, Carlos Alcaraz, Daniil Medvedev, John Isner, Iga, Coco Gauff, Marketa, We've, you'll, ExpressVPN, Stan Sport Organizations: New Zealand, TVNZ, ESPN, USA ESPN, ESPN2, ESPN Deportes, ESPN Plus, Subscription, Australia Viewers, New Zealand TVNZ, Sky Sports, Sports Network, TSN, Bell, TSN Plus, Eurosport, Tennis, Sunday Locations: Australia, New, 9Now, New Zealand, Canada, Europe, Albania, Andorra, Armenia, Azerbaijan, Belgium, Bosnia, Herzegovina, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Georgia, Greece, Hungary, Iceland, Israel, Kazakhstan, Kosovo, Kyrgyzstan, Latvia, Liechtenstein, Lithuania, Luxembourg, Macedonia, Malta, Moldova, Montenegro, Netherlands, Norway, Poland, Portugal, Romania, Serbia, Slovakia, Slovenia, Sweden, Switzerland, Tajikistan, Turkey, Turkmenistan, Ukraine, Uzbekistan
Where to watch FIBA World Cup basketball live streams free from anywhereYou can catch some of the FIBA World Cup action using free live streams in countries like New Zealand (TVNZ), Spain (RTVE), and France (France.tv). When: August 25 - September 10How to watch the FIBA World Cup in the USAESPN will stream all FIBA World Cup in the US across its various platforms. How to watch the FIBA World Cup in AustraliaYou have quite a few options for watching FIBA World Cup games in Australia. How to watch the FIBA World Cup in CanadaSportsNet is the only destination to watch the FIBA World Cup in Canada, and you'll only be able to watch the national team's games live. FIBA World Cup scheduleBelow is a full schedule of FIBA World Cup games that will run through the September 10 final.
Persons: Giannis Antetekounmpo, Luka Dončić, Rudy Gobert, Bodan Bogdanovic, Karl, Anthony Towns, ExpressVPN, Spain RTVE, Jordan Organizations: FIBA, NBA, FIBA World, New Zealand, TVNZ, ESPN, NBA.com FIBA, USA ESPN, ESPN2, USA, Subscription, Foxtel, Sky NZ, ESPN Australia, Kayo, Android, Apple, Samsung, LG, Amazon, PlayStation, Viewers, Canada SportsNet, New Zealand TVNZ, Blacks, Spanish, France Viewers, French, France, Araneta Coliseum Finland, Okinawa, Mexico, Asia Arena Latvia, Indonesia Arena Dominican, Araneta Coliseum Germany, Asia Arena Canada, Indonesia, B, Araneta Coliseum, Jordan, Asia Arena Iran, G, Indonesia Arena Slovenia, Serbia, Asia Arena Spain, Sunday, Araneta Coliseum Australia, Okinawa Arena Montenegro, Asia Arena Lebanon, Philippines, Araneta Coliseum Japan, Lithuania, Asia Arena France, Araneta Coliseum Venezuela, Okinawa Arena New Zealand, Asia Arena Cote d'Ivoire, Indonesia Arena Georgia, Okinawa Arena Puerto Rico, Asia Arena Brazil, Angola, Indonesia Arena Australia, Araneta Coliseum Montenegro, Wednesday, Araneta Coliseum Georgia, China Locations: Asia, Pacific, United States, Germany, Canada, Spain, France, China, Greece, Japan, Mexico, New Zealand, New, Australia, USA, Angola, Argentina, Cape Verde, Cote D'Ivoire, Czech Republic, Dominican Republic, Indonesia, Israel, Latvia, Lithuania, Poland, Puerto Rico, Serbia, Slovenia, Thailand, Turkey, United Kingdom, Taiwan, Finland, Italy, Montenegro, Lebanon, Philippines, Okinawa, Egypt, Sudan, Verde, . Georgia, Brazil, Venezuela, Zealand, Cote d'Ivoire, South Sudan, Iran
Analyst Gabriela Borges upgraded the stock to buy from sell and increased cut her price target to $91 from $77. The identity management software provider's stock rose more than 4.3% in premarket trading Monday. OKTA 1Y mountain OKTA in past 12 months But Borges pointed to several growth catalysts for Okta going forward. Against the tech giant, Borges said Okta is superior in areas such as external access management services, out-of-box functionality and support for non-standard applications. The firm said that its bull/bear scenarios suggested upside to the stock despite incorporating potential headwinds, such as moderated market share gain and a discount to its target multiple, from Microsoft into its buy thesis.
Persons: Goldman Sachs, Gabriela Borges, Borges, Okta, — CNBC's Michael Bloom Organizations: Okta, Microsoft Locations: Friday's
As Shopify's app ecosystem matures, it's becoming a make-or-break moment for some developers and partners. If they succeed in the public markets, it's a positive sign for the Shopify ecosystem. Upcoming IPOs will be a testSome Shopify ecosystem companies are eying the public markets, even in a year when IPO activity has been slow. That will make it even more important for Shopify's app partners to ensure their solution is differentiated from competitors. "This shared focus is why we're committed to ensuring a healthy Shopify ecosystem that fosters innovation, scale, and speed."
Persons: Shopify, it's, it'll, Amit Jhawar, Ben Parr, Parr, lockdowns, Sid Murlidhar, we're, Chris Wattie, Jhawar, Glen Coates, It'll, Chris Grouchy, Convictional, Roger Kirkness, Rick Watson Organizations: Shopify, Reuters, Shopify Ventures, Global, RMW Commerce Consulting Locations: Klaviyo, Ottawa , Ontario, Canada, Shopify
This liquified natural gas equipment provider's stock could add more than 35% in value, according to Wells Fargo. The firm upgraded Chart Industries to overweight from equal weight Wednesday with a $224 per share price target, up from $162. GTLS YTD mountain Chart Industries stock has climbed more than 43% from the start of 2023. Chart Industries provides equipment used to produce and store liquefied natural gas and other industrial fuels. The company estimated $655 million to $705 million in cash can be used to slash its debt this year.
Persons: Roger Read, Howden, Read, — CNBC's Michael Bloom Organizations: Industries Locations: Wells Fargo, Howden
UK retailer John Lewis boosts AI capability with Google deal
  + stars: | 2023-08-09 | by ( ) www.reuters.com   time to read: +2 min
Aug 9 (Reuters) - British retailer John Lewis Partnership has agreed a five-year deal with Alphabet Inc's (GOOGL.O) Google Cloud, enabling it to harness the latest artificial intelligence (AI) and machine learning (ML) technology. The employee-owned partnership, which runs John Lewis department stores and the Waitrose supermarket chain, said on Wednesday the new agreement, which builds on a decade-long relationship with Google Cloud, was worth 100 million pounds ($127 million). Under the expanded agreement, more of the partnership's technology will migrate to Google Cloud. Google Cloud agreed a similar deal with European home improvement retailer Kingfisher(KGF.L) last November. Zak Mian, the John Lewis Partnership's chief transformation and technology officer, said an example was customers using an image scanning feature in their John Lewis App to show its home design stylists a room they're looking to furnish.
Persons: John Lewis, Zak Mian, John Lewis Partnership's, Prerna Bedi, James Davey, Nivedita Bhattacharjee, Sachin Ravikumar Organizations: John, John Lewis Partnership, Google, Waitrose, Thomson Locations: Bengaluru, London
Aug 3 (Reuters) - Motorola Solutions (MSI.N) on Thursday raised its full-year revenue and profit forecasts on robust demand for the telecommunications equipment provider's integrated security solutions. The Chicago-based company now expects full-year revenue in the range of $9.88 billion to $9.90 billion, compared with its previous expectations of $9.73 billion to $9.78 billion. Motorola projected third-quarter adjusted profit in the range of $2.99 to $3.04 per share, compared with estimates of $3 per share. Second-quarter adjusted net income attributable to Motorola solutions stood at $458 million, compared with $354 million a year ago. The U.S. government and home office of the United Kingdom are the largest customers of Motorola Solutions.
Persons: Greg Brown, Jaspreet Singh, Maju Samuel Organizations: Motorola Solutions, Motorola, Thomson Locations: Chicago, U.S, United Kingdom, Bengaluru
SolarEdge Technologies — The solar stock tumbled about 19% after the company reported $991 million in revenue, missing analysts' estimates of $992 million, according to Refinitiv. CVS Health — The retail pharmacy stock gained 4% during midday trading Wednesday after the company posted strong earnings and revenue for the second quarter. The company reported adjusted earnings per share of $1.29, topping the $1.10 expected from analysts polled by StreetAccount. Starbucks' adjusted earnings per share for the fiscal third quarter was $1, versus the 95 cents expected by analysts, per Refinitiv. Chinese tech stocks — Shares of Chinese technology stocks dropped after regulators in China proposed limits on smartphone use for minors.
Persons: SolarEdge, Norwegian's, Emerson Electric's, Pinterest, Generac, Freshworks, Genuity, Robinhood, CNBC's Hakyung Kim, Pia Singh, Alex Harring Organizations: SolarEdge Technologies, CVS Health, CVS, Wall Street, Cruise, Susquehanna, Emerson, StreetAccount, Revenue, Wall, FactSet's, Starbucks, Bank of America, JPMorgan, Scotts Miracle, Gro, Scotts, JD.com, Baidu, Tencent Locations: Refinitiv, China
BlackRock and MSCI are facing probes by lawmakers for facilitating investments in Chinese firms, the WSJ reported. The probes are related to investments in companies flagged by the US over security risks or human rights violations. The congressional panel said it found that American investors have funded 60 such companies and BlackRock has invested $429 million through five of its funds. The majority of our clients' investments in China are through index funds, and we are one of 16 asset managers currently offering US index funds investing in Chinese companies. With all investments in China and markets around the world, BlackRock complies with all applicable US government laws.
Persons: MSCI Organizations: BlackRock, Service, Wall Street, Chinese Communist Party, WSJ, US Locations: MSCI, China, Wall, Silicon, Xinjiang, US
District Court Judge B. Lynn Winmill of the District of Idaho agreed with a challenge led by Planned Parenthood that Republican Attorney General Raul Labrador's interpretation of the state's criminal abortion law was "chilling" to providers' First Amendment rights. Idaho's abortion ban calls for revoking the license of any healthcare professional who assists in performing an abortion. Labrador interpreted the word "assists" as prohibiting an Idaho medical provider from referring a woman across state lines for an abortion. But the judge found Labrador's interpretation went too far and enjoined him from prosecuting such cases until an underlying legal challenge to the abortion law is settled in court. "The Court finds that the Medical Providers have established that there is a genuine threat of prosecution.
Persons: Lynn Winmill, Raul Labrador's, Bill Clinton, Daniel Trotta, Brendan Pierson, Lincoln Organizations: of, Planned, Republican, Providers, Medical Providers, Democratic, Medical, U.S, Supreme, Thomson Locations: U.S, Idaho, of Idaho, Labrador
Dish Network to offer wireless services to Amazon Prime users
  + stars: | 2023-07-26 | by ( ) www.reuters.com   time to read: 1 min
July 26 (Reuters) - Dish Network Corp (DISH.O) said on Wednesday it would offer unlimited wireless postpaid services for a fixed price of $25 a month to Amazon.com Prime customers. U.S. Prime members who purchase the Boost Infinite SIM kit would receive unlimited talking, texting and data services, Dish said. Talks of the U.S. satellite TV service provider's tie up with Amazon were first reported in May. Reporting by Medha Singh in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.
Persons: Medha Singh, Shinjini Organizations: Dish Network Corp, Amazon.com, Dish, U.S ., Amazon, Thomson Locations: Bengaluru
Dish Network partners with Amazon to offer wireless services
  + stars: | 2023-07-26 | by ( ) www.reuters.com   time to read: 1 min
July 26 (Reuters) - Dish Network Corp (DISH.O) is partnering with Amazon.com (AMZN.O) to sell wireless postpaid service plans through its platform, and offer unlimited mobile services to Prime customers for a fixed price of $25 a month. Boost Infinite, a unit of Dish Network, said on Wednesday its Infinite SIM kit will be sold through Amazon in the United States, and will offer discounts to Prime members for unlimited talking, texting and data services. Talks of the U.S. satellite TV service provider's tie up with Amazon were first reported in May. Shares of Dish rose 8.5% in premarket trading. Reporting by Medha Singh in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.
Persons: Medha Singh, Shinjini Organizations: Dish Network Corp, Dish Network, Amazon, U.S ., Thomson Locations: United States, Bengaluru
A change-up is coming to Charter Communications ' cable TV packages -- particularly for sports networks. The cable and broadband company said Monday that it plans to start offering a new, two-tier cable package system that will allow customers to select a cheaper, sports-free TV option. Diamond Sports Group, the owner of the largest regional sports networks portfolio, filed for bankruptcy protection earlier this year. But they're often considered expensive for consumers and could turn off potential streaming customers. Beginning in the third quarter, the company said its Spectrum-branded cable TV business will be relaunched as two new services.
Persons: That's, they're, Tom Montemagno, Dan Finnerty Organizations: Communications, Charter Communications, Diamond Sports Group, Disney, ESPN, DirecTV, — Spectrum SportsNet, SportsNet, Lakers, Time Warner Cable, Monday, Dodgers, Spectrum Networks Locations: U.S
Most US cloud companies won't be too hurt except perhaps Oracle, which runs TikTok. US cloud computing companies are about to be the latest target in the discord between the Biden administration and China. That loophole involves cloud computing companies. They merely have to pay for cloud computing services offered by the largest cloud providers. Chinese companies have plenty of local cloud providers to use for their cloud computing needs, like Tencent and Alibaba Cloud.
Persons: Biden, Bernstein, Mark Moerdler, Moerdler, Moerdler isn't, Ampere, Larry Ellison, Joe Biden, Julie Bort Organizations: Morning, Oracle, Wall Street, Amazon Web Services, Google, Microsoft, TikTok, Nvidia, supercomputing, AMD, Twitter Locations: China, Beijing
A Jenny Craig sign hangs on the wall outside of the weight loss store on April 28, 2023 in Miami, Florida. Adcock said all former Jenny Craig customers have been notified by email and in the brand's Facebook groups about the relaunch. After four decades in business, Jenny Craig, based in Carlsbad, California, filed for Chapter 7 bankruptcy in Delaware on May 5, court records show. He said prices at Jenny Craig would remain similar to what they were before its bankruptcy but declined to share more details. The complaint alleges that hundreds of former Jenny Craig staffers could be owed some restitution.
Persons: Jenny Craig, Jenny Craig's, Brandon Adcock, Adcock, Jenny Craig couldn't, provider's, Wellful, we'll, Nutrisystem, they'd, We've, Jack Raisner Organizations: Wellful Inc, Facebook, NBC News, Adaptive, Kainos Locations: Miami , Florida, Carlsbad , California, Delaware, Dallas, Wellful, U.S
But it's exhausted the capabilities of asynchronous care, one healthcare expert told Insider. The answer may lie in in-home monitoring technology, healthcare experts told Insider, which could be the next phase of telemedicine. Another example of a telemedicine model that uses in-home monitoring to expand access to care is the startup Bicycle Health. But there are obstacles to getting this kind of care to patients, including doctors' resistance to telemedicine and federal and state regulation. "For one-quarter century, this has been the domain of states," Kyle Zebley, senior vice president of public policy at the American Telemedicine Association, told Insider.
Persons: it's, Alana Saltz, Saltz, Ateev, Mehrotra, Danny Nieves, Kim, Nieves, telehealth, , Kyle Zebley, Zebley, that's Organizations: Healthcare, Morning, Harvard University, Technology, Health, Bicycle Health, American Telemedicine Association, McKinsey Locations: COVID,
Here are Friday's biggest calls on Wall Street: Morgan Stanley reiterates Apple as overweight Morgan Stanley said in a note Friday that it sees several reasons for share outperformance. Morgan Stanley upgrades Evotech to overweight from equal weight Morgan Stanley said the drug discovery and development company is well-positioned for artificial intelligence. As such we are upgrading to Market Perform with a $44 price target." Morgan Stanley reiterates Snowflake as overweight Morgan Stanley said it's bullish heading into the company's upcoming investor day. Barclays reiterates Uber as overweight Barclays raised its price target on Uber to $70 per share from $57 and says it's well-positioned.
Persons: Morgan Stanley, Apple, Stephens, KeyBanc, Wells, Armour, Wells Fargo, JPMorgan Chase, Valvoline, underperform SVB, Wayfair, Snowflake, it's, Uber, Roth, Bernstein, Jefferies Organizations: Deutsche Bank, Nike, Sovos Brands, UAA, Outsized NA, JPMorgan, Global Products, Securities, Bed, Barclays, Amazon, Citi, General Motors Locations: China, Italian, downgrades, EBITDA
Heads up, golf fans, it's the final round today, and we can show you how to watch the US Open live stream from anywhere. Shop at SlingHow to watch US Open live streams in the UKSky Sports is broadcasting the US Open in the United Kingdom. How to watch US Open live streams in CanadaWant to watch the US Open in Canada? How to watch US Open live streams for free in AustraliaTaking advantage of various free trials in Australia means you can watch the US Open for free. How to watch US Open live streams free from anywhereLive in a country that isn't broadcasting the US Open?
Persons: you'll, Peacock, here's, ExpressVPN, . Organizations: NBC, Sky Sports, Sky's, Sports, TSN, Fox Sports, Foxtel, Kayo, TV Locations: United States, Canada, Australia, United Kingdom
If you're tuning in, we'll show you how to watch the US Open live streams, free and premium options included. How to watch US Open live streams in the USNBC will air the US Open across three channels within the US. How to watch US Open live streams in CanadaWant to watch the US Open in Canada? How to watch US Open live streams for free in AustraliaTaking advantage of various free trials in Australia means you can watch the US Open for free. How to watch US Open live streams free from anywhereLive in a country that isn't broadcasting the US Open?
Persons: here's, Peacock, you'll, ExpressVPN, NBC Peacock, . Organizations: Los Angeles Country, NBC, USA, USA Network, Sky Sports, Sky's, Sports, TSN, Fox Sports, Foxtel, Kayo, TV Locations: United States, Canada, Australia, United Kingdom
We'll help you find where to watch Vanderpump Rules Secrets Revealed in the US and worldwide. Where to watch Vanderpump Rules Secrets Revealed in the USIf you have a cable or satellite package, it likely includes Bravo. You can tune in live there, or log into NBC.com using your provider's login credentials to access Vanderpump Rules live on the web. How to watch Vanderpump Rules live from anywhereVanderpump Rules doesn't air live outside the U.S., so you'll need a VPN if you want to watch it using any of the options discussed above. Find the Bravo channel to watch Vanderpump Rules episode 19 on Sling , or;, or; Search Peacock for Vanderpump Rules episodes on-demand.
Persons: Peacock, Bravo, Tom Sandoval, Ariana Madix, Raquel Leviss, aren't, ExpressVPN Organizations: Bravo Locations: U.S
If you want to catch up before then, we'll show you how to watch Vanderpump Rules reunion episodes, whether you're in the U.S. or abroad. Don't sweat it: you can find all Vanderpump Rules episodes on NBC's Peacock streaming service in the US. The reunion episodes that aired after Vanderpump Rules season 10's finale were rife with wild moments, but none bigger than the #Scandoval fallout. Where to watch Vanderpump Rules reunion episodes in the USIf you have a cable or satellite package, it likely includes Bravo. Find the Bravo channel to watch Vanderpump Rules episode 19 on live TV streaming services, or;Search Peacock for Vanderpump Rules for on-demand episodes.
Persons: Tom Sandoval, Sandoval, Ariana Madix, Raquel Leviss, Bravo, Peacock, aren't, Bel, ExpressVPN Organizations: Bravo Locations: U.S
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