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UBS upgrades TJX to buy from neutral
  + stars: | 2024-05-02 | 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 EmailUBS upgrades TJX to buy from neutralJay Sole, UBS managing director, joins 'Money Movers' to discuss why the gain from department stores will be more significant than previously thought if the balance between e-commerce and brick and mortar is net-negative optically, and more.
Persons: Jay Sole Organizations: UBS
Carlyle also sees an opportunity to take advantage of sports' greater openness to institutional capital as teams get more expensive. Advertisement"Post-COVID, no content is more important than sports content," Fund said. Successfully running a team isn't as easy as investing in oneCarlyle sees openings for outside investors in teams as their valuations soar. "As teams become more expensive, you're running out of people to buy controlling stakes in teams," Fund said. Key to the Reign deal, for example, was having the Sounders, with its deep market knowledge, as a day-to-day operator.
Persons: , Carlyle, Ben Fund, Alex Popov, cochair David Rubenstein, We've, We're Organizations: Service, National, Soccer, Seattle, FC, Seattle Sounders, Business, Fund, Baltimore Orioles, NFL, Sounders
Markets are widely expecting the Fed to keep interest rates unchanged. The outlook for rate cuts this year continues to sour, with traders pricing in just one or two cuts by December. AdvertisementUS stocks were mostly lower on Wednesday as traders waited for the Federal Reserve to announce its next move on interest rates. Investors have also dialed back their outlook for rate cuts throughout the year. At Wednesday's meeting, market watchers expect Powell to formally confirm this shift from the FOMC, which had previously forecast three rate cuts this year," Alex Kuptsikevich, a senior market analyst at FxPro said in a note.
Persons: Stocks, , Richard Flynn, Charles Schwab, Powell, Alex Kuptsikevich, FxPro Organizations: Service, Federal Reserve, Open Markets, Traders
The past few years have been tough for edtech companies. In recent months, multiple edtech startups have raised fresh funding rounds while specifically touting AI as a core part of their business model. These deals could signal that AI is ushering in a new era for edtech companies, and VCs who invest in the space are excited about the renaissance. And Ednition, also one of Donnelly's portfolio companies, provides an infrastructure-as-a-service platform for other edtech companies to improve the data that goes into their AI models. That's why it's so important to invest in ed-tech AI startups that help people rethink how they interact with technology and learn new skills necessary to successfully enter the workforce, he said.
Persons: PitchBook, VCs, Brian Dixon, Dixon, we've, Numerade, Kapoor, Katelyn Donnelly, she's, I've, you'll, Donnelly, Avalance, OpenAI, we're, ChatGPT, Ryan Craig, Craig, edtech Organizations: Business, Labs, Kapor, Partners, Chingona Ventures, TechCrunch, Kapoor Capital, Lirvana Labs, Odyssey Education, University Ventures, ACT Locations: VCs, edtech
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHelima Croft: I'm in the best moment to achieve my personal ambitions"I grew up in Washington D.C. and that fueled my ambition." CNBC contributor & RBC Capital Markets Managing Director and Global Head of Commodity Strategy shares what ambition means to her.
Persons: Helima, I'm Organizations: Washington D.C, CNBC, RBC Capital Markets, Global, Commodity Strategy Locations: Washington
Hundreds of small and regional banks across the U.S. are feeling stressed. "You could see some banks either fail or at least, you know, dip below their minimum capital requirements," Christopher Wolfe, managing director and head of North American banks at Fitch Ratings, told CNBC. Consulting firm Klaros Group analyzed about 4,000 U.S. banks and found 282 banks face the dual threat of commercial real estate loans and potential losses tied to higher interest rates. "That means there'll be fewer bank failures. For individuals, the consequences of small bank failures are more indirect.
Persons: Christopher Wolfe, They're, Brian Graham, Graham, Sheila Bair Organizations: Fitch, CNBC, Consulting, Klaros, U.S . Federal Deposit Insurance Corp, FDIC Locations: U.S
Trade Tracker: Joe sells Apple and Tesla in the JOET rebalance
  + stars: | 2024-05-01 | 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 EmailTrade Tracker: Joe sells Apple and Tesla in the JOET rebalanceJoe Terranova, senior managing director at Virtus Investment Partners, joins CNBC's 'Halftime Report' to discuss his latest JOET ETF tech stock rebalance.
Persons: Joe Terranova Organizations: Apple, Tesla, Virtus Investment Partners
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOne of the most sobering McDonald's quarters we've heard in quite some time, says Evercore's PalmerDavid Palmer, Evercore ISI senior managing director, joins 'Squawk on the Street' to discuss what to make of McDonald's latest quarterly earnings results, what would take McDonald's stock to $330 a share, and more.
Persons: we've, Evercore's Palmer David Palmer
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAWS is now catching up with AI and 'in a position to lead', says D.A. Davidson's Gil LuriaGil Luria, D.A. Davidson senior analyst, and Tom Forte, Maxim Group managing director, join 'Closing Bell Overtime' to talk Amazon quarterly results.
Persons: Davidson's Gil Luria Gil Luria, D.A, Davidson, Tom Forte Organizations: AWS, Maxim Group
Alphabet also announced $70 billion in share buybacks and its first-ever dividend of 20 cents a share , payable in June. Looking for the next dividend payer When scanning the universe for dividend payers, Gaffney has three buckets. "They sustain a level of dividend income back to investors over numerous cycles," he said. This includes names that have strong growth prospects, high margins and high returns on capital. "What that means is they generate free cash flow, and that can drive a strong dividend growth rate for that business," Gaffney said.
Persons: Salesforce, Charlie Gaffney, Eaton Vance, we're, Gaffney Organizations: Facebook, Meta, Morgan Stanley Investment Management, Big Tech, Machines, Qualcomm, Broadcom
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEli Lilly is a 'multi-diversified drugmaker', says Cantor Fitzgerald's Louise ChenLouise Chen, Cantor Fitzgerald managing director, joins 'Squawk Box' to discuss Eli Lilly's quarterly earnings results, weight loss drug demand, growth outlook, and more.
Persons: Eli Lilly, Cantor Fitzgerald's Louise Chen Louise Chen, Cantor Fitzgerald, Eli
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe can easily see the Bank of Japan moving in June: State Street Global MarketsDwyfor Evans, managing director and head of Asia-Pacific macro strategy at State Street Global Markets, discusses how U.S.-Japan interest rate differentials might affect the yen.
Persons: Dwyfor Evans Organizations: Bank of, Global, Street Global Locations: Bank of Japan, Asia, Pacific, Japan
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLaunch of Tesla's full self-driving system in China would not be 'a slam dunk,' says advisory firmTu Le, founder and managing director of Sino Auto Insights, discusses reports of China's tentative approval of Tesla's plan to launch its "full self-driving" system in the country.
Persons: Tu Le Organizations: Sino Locations: China
Former U.S. President Donald Trump speaks to members of the media at Manhattan criminal court in New York, U.S., on Friday, April 26, 2024. The New York criminal trial of Donald Trump is set to resume Tuesday with more testimony from a banker who worked with the former president's lawyer on a $130,000 hush money payment to porn star Stormy Daniels. That payment is at the heart of Manhattan prosecutors' case accusing Trump of falsifying business records as part of a scheme to influence the 2016 presidential election. Gary Farro, a former senior managing director at First Republic bank, took the stand Friday and is poised to continue testifying Tuesday. The historic trial kicked off in state Supreme Court last week with opening statements and testimony from the first witnesses, including former National Enquirer publisher David Pecker and Trump's longtime personal secretary Rhona Graff.
Persons: Donald Trump, Stormy Daniels, Trump, Gary Farro, David Pecker, Rhona Graff, Pecker Organizations: U.S, New, First, National Enquirer, American Media Locations: Manhattan, New York, U.S, First Republic
International Monetary Fund (IMF) Managing Director Kristalina Georgieva speaks during a briefing on the Global Policy Agenda at IMF headquarters during the IMF/World Bank Spring Meetings in Washington, DC on April 18, 2024. Kristalina Georgieva, the managing director of the International Monetary Fund, played down the prospect of any negative impact from a monetary policy divergence between Europe and the U.S., but said issues could be more acute in emerging markets. The benchmark rates of most advanced economies soared in recent years, as central banks aimed to tame inflation following the Covid-19 pandemic. A high U.S. interest rate environment is traditionally bad news for emerging markets, as it makes their debts — often priced in U.S. dollars — more expensive. "It is a much more serious issue for countries where the impact of high interest rates in the United States are more profound — in many emerging market economies," Georgieva told CNBC's Silvia Amaro in Brussels on Monday.
Persons: Kristalina Georgieva, Georgieva, CNBC's Silvia Amaro Organizations: Monetary Fund, IMF, International Monetary Fund Locations: Washington , DC, Europe, U.S, United States, Brussels, Japan
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHelima Croft: I grew up in Washington D.C. and that fueled my ambition"Access to energy is critical for the developing world." CNBC contributor & RBC Capital Markets Managing Director and Global Head of Commodity Strategy shares what ambition means to her.
Persons: Helima Organizations: Washington D.C, CNBC, RBC Capital Markets, Global, Commodity Strategy Locations: Washington
Autopilot is available in China, but not the full FSD feature, which needs to comply with the country’s data security rules. “The economies of China and the United States are deeply integrated,” he said, according to an official readout of the meeting with the Tesla CEO. “Tesla is willing to further deepen cooperation with China and achieve more win-win results,” Musk told Li. Musk first met Li in 2018, when Tesla signed a deal with the Shanghai government to open a plant there. Since then, Musk has met with Li publicly at least five times, according to state media reports and government statements.
Persons: Hong Kong CNN — Elon Musk, Premier Li Qiang, Tesla, Musk, , Dan Ives, that’s, Ives, Antony Blinken, Xi Jinping, Li, China’s BYD, , ” Musk, Tesla’s, Ren Hongbin, Li Qiang Organizations: Hong Kong CNN, Premier, China Association of Auto Manufacturers, Baidu, Bloomberg, CNN, Beijing Auto, EV, Wedbush Securities, China Council, Promotion of International Trade Locations: China, Hong Kong, Beijing, United States, Shanghai, Weibo
My Investment Banking Job Nearly Destroyed Me
  + stars: | 2024-04-29 | by ( Christine Ji | ) www.businessinsider.com   time to read: +9 min
I hadn't expected to be lying on the office floor thinking that I needed to quit my investment banking job — yet there I was. The allure of an investment banking job is seductive. Being an investment banking analyst was much sexier in theory than practiceI knew banking would be intense from the internship, but nothing could've prepared me for just how intense the full-time role was. There's very little advice out there on how to quit your investment banking job. I can't say I loved investment banking to that degree, so I walked away.
Persons: could've, nauseous, there'd, Ji Organizations: Business, Ivy League, Wall
When you miss a mortgage payment, you incur late fees and hurt your credit score. But skipping mortgage payments comes with serious consequences that could include losing your house. Are you finding it hard to make your monthly mortgage payment? This allows you to pause your mortgage payments for a certain amount of time or, in some cases, make reduced payments instead. FAQsWhat should I do first if I realize I can't make my mortgage payment?
Persons: Craig Martin, Christian Mills, Freddie Mac, you've, you'll, it's, Aly J, Yale Aly J, Bob Organizations: Christian, US Department of Housing, Urban, Chevron, Yale, Forbes, Money Magazine, The Dallas Morning News, Bob Schieffer College of Communication, Twitter
(Photo by PAU BARRENA / AFP) (Photo by PAU BARRENA/AFP via Getty Images)U.S. cloud infrastructure provider Oracle is boosting its generative AI capabilities as cloud competition intensifies and more companies jump into AI. Oracle has been introducing generative AI capabilities into its cloud infrastructure and applications to complement the traditional AI already embedded in them. The generative AI capabilities can perform tasks such as generating financial reports and drafting job ads, improving productivity and reducing business costs, Oracle said. JPMorgan has said generative AI and AI could drive incremental IT spending and growth across the software landscape. "Generative AI services [are] basically a huge advantage comparing with our competition.
Persons: PAU BARRENA, ChatGPT, Rondy Ng, it's, Ng, Dan Ives, Ellison, Ives, Larry Ellison, Gartner Organizations: Mobile World Congress, MWC, Getty Images, Oracle, CNBC, Wedbush Securities, JPMorgan Locations: Barcelona, AFP, U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIMF chief concerned about the prospect of central banks diverging on rate cutsKristalina Georgieva, managing director of the International Monetary Fund, discusses the outlook for economic growth in Europe and reflects on the prospect of major central banks diverging on monetary policy.
Organizations: IMF, International Monetary Fund Locations: Europe
Monday's analyst calls included an upgrade to Apple and a move in the opposite direction for athleisure giant Lululemon and electric car marker Tesla. The firm downgraded Ulta stock to equal weight from overweight, and lowered its price target to $434 per share from $612. — Brian Evans 6:30 a.m. Evercore slashes Tesla price target Evercore ISI says its forecast for Tesla stock is due for an update as headwinds from the start of the year converge and pressure the electric vehicle company. Apple stock has pulled back 12.1% in 2024 but was up 1.7% in premarket trading Monday. Lululemon stock has slipped nearly 29% in 2024 and was off 1.9% premarket Monday.
Persons: Bernstein, Toni Sacconaghi, Barclays downgrades Ulta, Adrienne Yih, Yih, — Brian Evans, Chris McNally, McNally, Bernstein's Toni Sacconaghi, Sacconaghi, Barclays downgrades Lululemon, headwinds, LULU Organizations: CNBC, Apple, Tesla, Barclays, ISI Locations: China, Friday's, Mexico
They were there to plan for the reconstruction and long-term economic development of Gaza. Gaza was under relentless bombardment by Israeli military forces in response to terrorist attacks launched by Hamas in October. Communities throughout the territory were being reduced to rubble, and tens of thousands of people had been killed. The group included senior officials from American and European economic development agencies, executives from Middle Eastern finance and construction companies, two partners from the international consulting firm McKinsey & Company, and a managing director of the World Economic Forum. Officially, they were attending only as individuals, not as representatives of their institutions.
Organizations: Middle, McKinsey & Company, Economic Locations: London, East, Europe, United States, Gaza
As anchor department stores left malls, so did some name-brand chains like Ruby Tuesday, Chili’s, Applebee’s and others. What’s taking their place illustrates a large shift in US tastes: There’s a boom in smaller and regional restaurant chains with a local following. At the same time, many national chains are prioritizing drive-thru locations over their sit-down restaurants in malls. Chick-fil-A restaurants were only located in mall food courts for the company’s first 20 years. “Traditional mall restaurants were casual dining chains like Chili’s, TGI Fridays, and quick-service restaurants in food courts.
Persons: Ruby, What’s, Paul Hennessy, , Chris Simms, Simms, Gabby Jones, Mark Hunter, CBRE, RJ Hottovy, ” Hottovy, David Kim, ” Kim, It’s Organizations: New, New York CNN, Anadolu Agency, Getty, , Food, JCPenney, Nordstrom, Green, Westfield Garden, Bloomberg, Deloitte, NV Locations: New York, Applebee’s, Orlando , Florida, Paramus , New Jersey, United States, Greenbriar, Atlanta, Korean, Henderson
South Pointe Beach in Miami Beach, Florida. Climate risk is "always on our thoughts," said Habibian, 39, who moved to Miami-Dade County about six years ago. Despite that risk, 66% of Miami-Dade County residents said they'd never leave, according to a study published in the journal Climate Risk Management. "We try to be smart about it, try to be proactive as best we can," Arditi said of climate risk. Juxtaposed at left was one of the last remaining patches of mangroves in the urban Miami area, a living memorial to a once-thriving population.
Persons: Greg Iacurci, Daniel Habibian, Harold Wanless, Sonia Brubaker, Saul Martinez, Andrew Rumbach, Rumbach, Joe Raedle, Irma, Al Diaz, they'd, Steven Bustamante, Bustamante, Jeff Greenberg, There's, David Arditi, Arditi, Aria's, Jeff Bezos, Goldman Sachs, Douglas Sacks, Ken Griffin, Brubaker, Biscayne Bay . Miami Worldcenter, Chandan Khanna, Dion Williams, Williams, Dion, Todd Crowl, Crowl, We're, Erik Salna, Chris Baraloto, Rita Teutonico, Amy Knowles, Knowles, it's, City of Miami Beach Greg Iacurci Miami Organizations: Greg Iacurci MIAMI, University of Miami, City, CNBC, Cumming Group, Florida Department of Transportation, Bentley, Bloomberg, Getty, Urban Institute, Organisation for Economic Co, Miami, Volunteers, Florida Keys, Miami Herald, Tribune, Service, Dade, Risk, Yale University's School of, Finance, SEC, Miami Beach, Universal, Group, Aria Development, National Association of Realtors ., Miami Realtors, Amazon, Citadel, Resorts, Bloomberg News, Dade County's, Getty Images, Residences, Pointe Park, Fifth, Afp, Federal Emergency Management Agency, Management, Sunshine, Insurance, Institute, Florida International University Institute of Environment, Hurricanes, University of Pennsylvania, International Hurricane Research, of, Florida International University, City of Miami Beach Locations: Pointe Beach, Miami Beach , Florida, Miami, South Beach, Dade, City of Miami, Dade County, New York, Fort Lauderdale, West Palm, South Florida, Florida, Tampa, St . Petersburg, Miami , Florida, Southeast Florida, Miami Beach, City, Aria's Miami, U.S, California , New York, New Jersey, America, Caribbean, New York City, Biscayne Bay . Miami, Pointe, It's, Surfside, . Florida, Biscayne Bay, Miami's, Bermuda, Kampong, Coconut Grove, Brittany Bay, South Pointe, City of, Brittany Bay Park
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