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☆ Analyst Dan Ives blasts Tesla, calls earnings a 'train wreck' and cuts price target
▼ + stars: | 2024-01-25 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Tesla CEO Elon Musk failed to address investors' concerns about price cuts in "another train wreck of a conference call" this week, Wedbush analyst Dan Ives told clients in a Thursday research note. Ives slashed his 12-month stock price target for Tesla by 10% to $315, which still implies about 52% upside from Wednesday's close. The analyst told clients that Tesla's botched earnings call has shaken Wedbush's near-term confidence in the company's story. "Instead we got a high level Tesla long term view with another train wreck conference call," the analyst said. Ives described Tesla's price cuts as a "Category 4 hurricane" in the near term.

Persons: Elon Musk, Dan Ives, Ives, Tesla's, Musk, Tesla Organizations: Tesla, EV

☆ A guy who said he boards the plane whenever he wants, regardless of his boarding group, has kicked off a hot debate online
▼ + stars: | 2024-01-19 | by ( Marielle Descalsota | ) www.businessinsider.com time to read: +4 min

Several people on Reddit described Bush as "gate lice," a term referring to people who cut the line. Worst case they tell you to wait, then you're first when they call your actual group," Bush wrote. Bush's LinkedIn post garnered 508 reactions and 229 comments at the time of writing. But Bush's advice gained more traction on Reddit, where a screenshot of his LinkedIn post was uploaded. The Reddit post garnered 4,200 upvotes and 674 comments at the time of writing.

Persons: it's, Dickie Bush, Reddit, Bush, —, he's, BlackRock . Bush, Bush's, It's Organizations: LinkedIn, Service, BlackRock, Spotify, Bush's LinkedIn, Business Locations: Miami, BlackRock ., Munich, Reddit, TikTok

☆ Drop in home price appreciation leading to negative home equity: Wedbush's Jay McCanless
▼ + stars: | 2024-01-18 | 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 EmailDrop in home price appreciation leading to negative home equity: Wedbush's Jay McCanlessJay McCanless, Wedbush housing analyst, joins 'Squawk on the Street' to discuss how the 'purchase-centric' housing market will play out, whether changing yields move the demand for mortgages, and more.

Persons: Wedbush's Jay McCanless Jay McCanless

☆ Elon Musk is about to find out if ultimatums really work
▼ + stars: | 2024-01-18 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at the ultimatum Elon Musk gave Tesla's board amid a critical time for the company. The big storyElon's ultimatumREUTERS/Steve NesiusUltimatums rarely work in relationships, but what about between CEOs and the massive companies they run? Elon Musk is about to find out. Musk, who has roughly a 13% stake in the EV maker, said if his request isn't met, he'll "prefer to build products outside of Tesla." Meanwhile, Ross Gerber, a longtime Tesla bull, said it's "absurd" to think Musk doesn't already have control over Tesla and described his request as "blackmailing the Tesla shareholders."

Persons: —, Antony Blinken, Elon Musk, Steve Nesius Ultimatums, Elon, isn't, didn't, Wedbush's Dan Ives, Musk's, Ross Gerber, Tesla, Dow Jones, George Glover, That's, cowering, Caspar Benson, Jamie Dimon, dory, Trump, Ray Dalio, Biden, Evan Spiegel's, Hokyoung Kim, They've, Kristen Stewart, Christopher Nolan, Maite Alberdi, Celine Song, Eugene Lee Yang, Dave Bautista, Kevin Costner, Estelle, AA Milne, Jay Chou, Jennifer Ortakales Dawkins Organizations: Service, Boeing, Business, Tesla, EV, Apple, Microsoft, Nvidia, Getty, Intellia Therapeutics, Shoals Technologies, JPMorgan, Biden, Bridgewater Associates, Trump, Alliance, Helicopter, BI, Sundance, Northern Trust Locations: Switzerland, Tesla, Northern

☆ Elon Musk gives Tesla's board an ultimatum as he seeks to grab more power
▼ + stars: | 2024-01-17 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

By demanding more power at Tesla, Elon Musk has effectively issued an ultimatum. AdvertisementElon Musk has issued an ultimatum to Tesla's board: hand over control of 25% of the votes, or he'll put the brakes on AI development. Musk claims the board has been delaying updating his compensation package until the court decides on a verdict. If the plan is rejected, it could be complicated for the board to give Musk what he wants. As Ives notes: "Musk is Tesla and Tesla is Musk."

Persons: Elon Musk, —, he'll, Wedbush's Dan Ives, Tesla, Musk, Ives, xAI, Google's Bard, OpenAI's Organizations: Tesla, Service, EV Locations: Delaware

☆ Some of the best early-stage startup investors share a common trait that should be a lesson for Silicon Valley
▼ + stars: | 2024-01-17 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

In today's big story, we're looking at the best investors when it comes to early-stage companies. The big storyPicking winnersCaterina Fake, Cindi Bi, and Suleman AliInvesting can be a crapshoot, especially when it comes to early-stage companies. AdvertisementThe investors, profiled by BI's Ben Bergman, Samantha Stokes, Rebecca Torrence, and Leena Rao, have an incredible track record for early-stage investing. Silicon Valley can be known to have a herd mentality, especially when it comes to venture investors. And yet, some of the best early-stage investors have proven to have far better success going out on their own.

Persons: —, we've, Caterina Fake, Suleman Ali, BI's Ben Bergman, Samantha Stokes, Rebecca Torrence, Leena Rao, Joseph Aaron, cofounders, Tanja Ivanova, isn't, Chanos, Elon Musk, Jim Chanos, Tesla, Musk, Dan Ives, Goldman Sachs, Goldman, Brittany Hosea, Satya Nadella, Sam Altman, Philipp Schindler, Google's, Alyssa Powell, Michelle Obama, Betty White, Steve Harvey, Muhammad Ali, Benjamin Franklin, Al Capone, Calvin Harris, Charles Schwab, They've Organizations: Service, Business, Reuters, Getty, Elon, Tesla, Apple, Microsoft, Google, BI Locations: pant, San Francisco, Brittany, China, Davos, ChatGPT's

☆ Netflix is pulling back on movies, adding to Hollywood's woes as a grim box office year looms
▼ + stars: | 2024-01-13 | by ( Lucia Moses | ) www.businessinsider.com time to read: +8 min

The downsizing of Netflix's film ambitions is on pace with a broader contraction at the streamer, which announced 88 fewer original films last year than in 2022. But for some on Wall Street, the right number of Netflix original films just might be zero. Netflix's rise has been a mixed bag for filmWhen Netflix film head Scott Stuber joined the company in 2017, the mandate was quantity. Netflix announced a whopping 232 original films in 2021, according to Ampere Analysis. Netflix's original films started declining in 2022 from the 2021 peak of 232.

Persons: bode, Scott Stuber, Stuber, David Fincher, Ted Sarandos, Ted Hope, Hope, didn't, Variety, Maestro, we're, Netflix's, Kevin Goetz, Michael Pachter, Kasey Moore, LightShed, Goetz, " Goetz, Wedbush's Pachter, Pachter Organizations: Netflix, Business, Ampere, Independent, Variety, Hollywood, Puck News, Apple, LightShed Partners Locations: —

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In a 15-second video released to YouTube on Wednesday night, President Joe Biden promised the move would lower prices. It's the latest health policy pitch from a White House gearing up to make its efforts to tackle drug prices a central theme in next year's reelection campaign. Pharmaceutical companies have pushed back on the idea that prices alone are enough for Washington to act against a drug's patent. The plan could threaten future drugs, according to the pharmaceutical lobbying firm Pharmaceutical Research and Manufacturers of America, or PhRMA.

Persons: —, Biden, Joe Biden, Elizabeth Warren of Massachusetts, Amy Klobuchar, Neera Tanden, Megan Van Etten, William Pierce, George W, Pierce Organizations: Service, Business, YouTube, White, Medicare, Health, Human Services, Pharmaceutical, Pharmaceutical Research, Manufacturers of America, HHS Locations: WASHINGTON, Sens, Minnesota, Washington

☆ Wedbush's Dan Ives on why tech is at the start of a new bull market
▼ + stars: | 2023-12-04 | 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 EmailWedbush's Dan Ives on why tech is at the start of a new bull marketDan Ives, Managing Director at Wedbush Securities, discusses his outlook for tech in 2024 and which stocks he's favoring the most.

Persons: Dan Ives Organizations: Wedbush Securities

☆ Cybertruck 'does move the needle' for Tesla, says Wedbush's Dan Ives
▼ + stars: | 2023-11-30 | 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 EmailCybertruck 'does move the needle' for Tesla, says Wedbush's Dan IvesHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Tesla, Wedbush's Dan Ives, Brian Sullivan, “ Organizations: CNBC

☆ Nikki Haley is now the top GOP alternative to Trump, but her window to maintain momentum is narrow. Can she pull it off?
▼ + stars: | 2023-11-28 | by ( John L. Dorman | ) www.businessinsider.com time to read: +6 min

Nikki Haley has gained real momentum for her White House campaign. The GOP is still Trump's party, so Haley will have to withstand difficult dynamics headed into 2024. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Jeb Bush was unable to blunt Donald Trump's momentum ahead of the 2016 GOP primaries. But then came Trump, who flipped the script when he entered that year's GOP contest.

Persons: Nikki Haley, Haley, —, Ron DeSantis, Donald Trump, She's, Koch, Jeb Bush, Donald, Sean Rayford, Trump, Bush, Bush , Florida Sen, Marco Rubio, Texas Sen, Ted Cruz, Bush's, Rubio, Cruz, Joe Biden, California Sen, Kamala Harris, Massachusetts Sen, Elizabeth Warren, Harris, Warren underperformed, Biden, Vermont Sen, Bernie Sanders, Pete Buttigieg, Buttigieg, Sanders soldiered, Jim Vondruska, credibly, Vivek Ramaswamy, Ramaswamy Organizations: S.C, GOP, Service, Florida Gov, Trump, Prosperity, Republican, Super, New, Vermont, South Carolina, Super Tuesday, she'll Locations: Iowa, New Hampshire, Florida, Bush , Florida, Texas, California, Massachusetts, Nevada, South, Warren, Des Moines , Iowa, Republican, New Hampshire , Iowa, South Carolina

☆ Amid the gloom here and abroad, the U.S. stock market is holding up just fine
▼ + stars: | 2023-11-27 | by ( Bob Pisani | ) www.cnbc.com time to read: +6 min

I dislike getting involved in debates on the stock market when I am enjoying an old-fashion rum punch at a beach bar in the Caribbean, but I couldn't resist interjecting. "We'll see how the coming slowdown plays out," he said, and turned back to his discussion. The coming slowdown? More may be coming: the last week of November tends to be the strongest week of the month, Ryan Detrick, chief market strategist at Carson Group, has noted. As for earnings, which are the lifeblood for the stock market, forward earnings estimates for the next 12 months stand at record highs.

Persons: I's, Ryan Detrick, Detrick, Fundstrat's Thomas Lee, Oppenheimer's Ari Wald, Webush's Dan Ives, BMO's Brian Belski, Bespoke's Paul Hickey Organizations: EU, Hamas, Forbes, Bloomberg, Carson Group, LSE Locations: Caribbean, Antigua, British Commonwealth, London, England, American, China, Russia, Ukraine, Israel, U.S

☆ This Wisconsin county has voted for the winning presidential candidate since 1996, one of the longest such streaks in the country
▼ + stars: | 2023-11-26 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Sticking out into Lake Michigan, Door County is one of Wisconsin's most picturesque jurisdictions. Door County is also a presidential bellwether, having backed the winning candidate since 1996. In 2020, now-President Joe Biden defeated then-President Donald Trump in Door County 49.9%-48.5%, or by roughly 1.4 points. Door County has a habit of making itself stand out among the state's 72 counties, backing the winning presidential candidate in every election since 1996, one of the longest such streaks in the country. (Like many communities in the Midwest, Door County has long had seasonal workers work on farms and in other local businesses.)

Persons: —, Joe Biden, Donald Trump, Biden, Hillary Clinton, Clinton, Ronald Reagan, Bill Clinton's, George W, Bush's, Barack Obama's Organizations: Service, Trump, Wisconsin, GOP, Midwest, The Washington Post Locations: Lake Michigan, Wisconsin, swingiest, Door County, Door, Sturgeon

☆ Nvidia has the demand with or without China, says Wedbush's Bryson
▼ + stars: | 2023-11-22 | 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 EmailNvidia has the demand with or without China, says Wedbush's BrysonMatthew Bryson, Wedbush analyst, joins 'Squawk on the Street' to discuss Nvidia's quarterly earnings results, what he forecasts for the company, and more.

Persons: Wedbush's Bryson Matthew Bryson Organizations: Nvidia Locations: China

☆ Nadella's handling of the OpenAI situation is a 'poker move for the ages', says Wedbush's Dan Ives
▼ + stars: | 2023-11-22 | 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 EmailNadella's handling of the OpenAI situation is a 'poker move for the ages', says Wedbush's Dan IvesConnie Loizos, TechCrunch editor-in-chief, and Dan Ives, Wedbush managing director, join 'Closing Bell Overtime' to talk Sam Altman returning to OpenAI, what this means for the company moving forward and what it means for the AI space as a whole.

Persons: Wedbush's Dan Ives Connie Loizos, Dan Ives, Wedbush, Sam Altman Locations: OpenAI

☆ OpenAI is almost a shell company now, says Wedbush's Dan Ives
▼ + stars: | 2023-11-20 | 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 EmailOpenAI is almost a shell company now, says Wedbush's Dan IvesWedbush analyst Dan Ives and Ina Fried, chief technology correspondent at Axios, and CNBC's Steve Kovach join 'Power Lunch' to discuss OpenAl fallout and what it means for the tech sector.

Persons: Wedbush's Dan Ives, Dan Ives, Ina Fried, Steve Kovach Locations: Axios

☆ The biggest potential loser of the OpenAI fiasco wasn't Sam Altman. It was Satya Nadella.
▼ + stars: | 2023-11-19 | by ( Julie Bort | ) www.businessinsider.com time to read: +6 min

AdvertisementIf Sam Altman can't be convinced to return to OpenAI, Microsoft is in trouble. All of which means that the biggest loser if Altman can't be convinced to return isn't Altman. This OpenAI board is way over its head and the failed coup is now backfiring," investor Dan Ives, an analyst at Webush, told Business Insider. OpenAI only gave Microsoft a few minutes advance warning before announcing Altman's ouster, sources told Business Insider. Earlier this month the company made over 100 announcements of integrations with OpenAI tech across Microsoft's AI tools, AI models, tools in its cloud, the company told Business Insider.

Persons: OpenAI, Sam Altman, Altman, Webush's Dan Ives, —, VCs, Vinod Khosla, Greg Brockman, Altman wasn't, isn't Altman, Satya Nadella, Sam, Dan Ives, Brockman, Mira Murati, he's, Ives, ChatGPT Organizations: Microsoft, Service, Khosla Ventures, Chiefs, Nadella, Business, OpenAI, Google Locations: @OpenAI, Mira, Silicon Valley, OpenAI

☆ Musk 'touched the third rail', investor frustration reaching boiling point: Wedbush's Dan Ives
▼ + stars: | 2023-11-17 | 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 EmailMusk 'touched the third rail', investor frustration reaching boiling point: Wedbush's Dan IvesHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Wedbush's Dan Ives, Brian Sullivan, “ Organizations: CNBC

WASHINGTON (AP) — When President Joe Biden meets Chinese leader Xi Jinping on Wednesday, there will be no such thing as a small detail. Biden and Xi will meet while both attend next week's Asia-Pacific Economic Cooperation summit in San Francisco, but even basic information has remained closely guarded. That recalls Biden's nearly three-hour meeting with Xi before the start of last year’s G-20 summit in Bali. The Chinese attach importance to the location, which this time may be more like Sunnylands than Anchorage, where top U.S. and Chinese officials held rather tense 2021 talks. Hillary Clinton's 1995 Beijing visit turned heads for a different reason when she declared that “human rights are women’s rights, and women’s rights are human rights."

Persons: Joe Biden, Xi Jinping, Beijing’s, Bonny Lin, Biden, Xi, China’s, Biden's, Victor Cha, ” Cha, Richard Nixon, Barack Obama, Obama, Donald Trump, Bonnie Glaser, Xi's, Ryan Hass, John L, Hass, George H.W, George H.W . Bush, Fang Lizhi, “, Hillary Clinton's, Laura Bush's, Sasha Obama, Hu Jintao, Malia, Michelle, Michelle Obama, Colleen Long Organizations: WASHINGTON, China Power, Center for Strategic, International Studies, Economic Cooperation, White House, San, Communist Party, Asian Affairs, White, National Security Council, APEC, Mar, German Marshall Fund, Thornton China Center, Brookings Institute, Olympics, The New York Times, Press Locations: Washington, Asia, San Francisco, Bali, China, United States, Sunnylands, Rancho, Palm Springs , California, Lago, ”, Anchorage, Texas, Beijing, George H.W ., Thailand, Myanmar, The

Vivek Ramaswamy, a brash multimillionaire former biotech executive, took a swipe at Florida Governor Ron DeSantis over his cowboy boots, echoing speculation the shoes contain hidden lifts to boost his height. Five Republican candidates took part in Wednesday's debate. Trump allies have relentlessly hammered DeSantis over his cowboy boots, suggesting that DeSantis has hidden lifts inside them. DeSantis has said the boots are standard boots from Lucchese, a Texas-based western style shoe maker. Haley, who clashed with Ramaswamy several times during Wednesday's debate, corrected him, saying she actually wears five-inch heels.

Persons: Ron DeSantis, Jerry Falwell, Vivek Ramaswamy, Florida Governor Ron DeSantis, Dick Cheney, Ramaswamy, you've, Nikki Haley, Cheney, George W, Donald Trump, DeSantis, Haley, Alexandra Ulmer, Dan Whitcomb, Eric Beech, Ross Colvin, Howard Goller Organizations: Florida, Republican U.S, Liberty University, Christian, Republican, Florida Governor, United Nations, Trump, Lucchese, Thomson Locations: Miami, Texas

☆ Watch CNBC's full interview with Wedbush's Dan Ives
▼ + stars: | 2023-11-09 | 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 EmailWatch CNBC's full interview with Wedbush's Dan IvesDan Ives, Wedbush managing director, joins 'Fast Money' to talk his bullish position on Tesla.

Persons: Wedbush's Dan Ives Dan Ives, Wedbush

☆ Tech stocks are in the beginning stage of the next bull market and will jump another 12% this year, Wedbush's Dan Ives says
▼ + stars: | 2023-11-08 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Tech stocks are in a bull market and could jump another 10%-12% by year-end, Wedbush's Dan Ives said. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAdvertisementTech stocks are in the early stages of a bull market, and the sector is primed to stage a big rally by the end of this year, according to Wedbush's Dan Ives. That's recreating a "1995 moment" for the tech sector, the year the internet started to transform the space, Ives previously said. "We believe this is the beginning of the next tech bull market.

Persons: Wedbush's Dan Ives, —, Ives, Richard Bernstein Organizations: Nasdaq, Service, Tech, Microsoft, CNBC, Richard Bernstein Advisors Locations: Gibraltar

☆ This is going to be a tech bull market going into next year, says Wedbush's Dan Ives
▼ + stars: | 2023-11-07 | 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 EmailThis is going to be a tech bull market going into next year, says Wedbush's Dan IvesHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Wedbush's Dan Ives, Brian Sullivan, “ Organizations: CNBC

☆ Apple's core business is intact, says Wedbush's Dan Ives
▼ + stars: | 2023-11-03 | 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 EmailApple's core business is intact, says Wedbush's Dan IvesDan Ives, Wedbush Securities, joins 'Squawk on the Street' to discuss why he is still a buyer of Apple's stock, the growth investors were looking for in the next quarter, and more.

Persons: Wedbush's Dan Ives Dan Ives Organizations: Wedbush Securities

☆ Watch CNBC's full interview with Wedbush's Dan Ives, Virtus Investment's Joe Terranova and CIC Wealth's Malcolm Ethridge
▼ + stars: | 2023-11-02 | 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 EmailWatch CNBC's full interview with Wedbush's Dan Ives, Virtus Investment's Joe Terranova and CIC Wealth's Malcolm EthridgeDan Ives, Wedbush Securities analyst, Joe Terranova, Virtus Investment Partners chief market strategist, and Malcolm Ethridge, CIC Wealth Executive Vice Presiden, join 'Closing Bell' to discuss Apple ahead of the mega-cap reporting earnings after the bell and the broader markets.

Persons: Wedbush's Dan Ives, Virtus Investment's Joe Terranova, Malcolm Ethridge Dan Ives, Joe Terranova, Malcolm Ethridge Organizations: Virtus Investment's, Wedbush Securities, Virtus Investment Partners, Apple

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