Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Timothy A"


25 mentions found


Analyst Brad Capuzzi's $8 price target is 43% above where the stock closed on Monday afternoon. "Shares have substantially outperformed this year; catalyzed by the exit of the logistics business & newfound emphasis on profitability," wrote analyst Clarke Jeffries. Bank of America's Vivek Arya lifted his price target to $1,200, or more than a 26% increase from the stock's Monday close of $950.24. Herbert upgraded Boeing to outperform from sector perform and lifted his price target to $275 from $200. "We believe we are in the early stages of a significant shift in sentiment on BA stock," analyst Ken Herbert wrote.
Persons: Jefferies, Piper Sandler, Brad Capuzzi's, Capuzzi, Lisa Kailai Han, Goldman Sachs, Keith Horowitz, Horowitz, Goldman, — Lisa Kailai Han, Clarke Jeffries, Jeffries, Bernstein, Peter Weed, Weed, UBS downgrades ChargePoint, Robert Jamieson, Jamieson, bode, Timothy Arcuri, America's Vivek Arya, Arcuri, Arya, Herbert, Ken Herbert, John Hecht, Fred Imbert Organizations: CNBC, Tuesday's, RBC, Boeing, UBS, Citi Citi, UBS downgrades, UBS doesn't, Broadcom, VMWare, Bank of America, Bank, America's, RBC Capital Markets, , Jefferies Locations: underperform, LendingClub, Goldman Sachs
The Nov. 20 landslide came down into the path of three homes, one unoccupied, after a storm brought heavy rain. Four people have been confirmed killed in the landslide: Timothy and Beth Heller and two of their children, Kara, 11, and Mara, 16. “Right then and there, I knew I was going to live,” Florschutz said. As she surveyed the landslide, Florschutz was shocked at how large it was. Being in Alaska forces people “to learn to live with others and help each other.
Persons: — Christina Florschutz, Florschutz, Beth Heller, Kara, Mara, Derek, Otto Florschutz, Christina Florschutz, , ” Florschutz, Organizations: Wrangell Sentinel, Evergreen Locations: WRANGELL, Alaska, Wrangell,
Turkey's Taksim Square, with the figure of Kemal Ataturk, the first president, and the Turkish flag in the background. Turkey's central bank on Thursday hiked its key interest rate, the benchmark one-week repo rate, by another 500 basis points to 40%. The move was seen as a continuation of the bank's attempt to combat high inflation and a falling lira , the Turkish currency. Timothy Ash, emerging markets strategist at BlueBay Asset Management, was one of the few experts who expected a 500-basis-point hike. "Really impressive move by the CBRT [Central Bank of the Republic of Turkey] - probing their orthodoxy and getting well ahead of expectations," he said in a note.
Persons: Turkey's, Kemal Ataturk, Timothy Ash Organizations: Turkish, BlueBay Asset Management, Central Bank of, greenback Locations: Turkish, Republic of Turkey, Ankara
Several analysts hiked their price targets for the stock to show they expect greater upside ahead after the latest financials. Below, CNBC Pro compiled a list of major investment firms that raised their price targets following the Nvidia report, along with their key conclusions: Goldman Sachs Analyst Toshiya Hari raised the price target by $20 to $625. Morgan Stanley Analyst Joseph Moore added $3 to his price target, bringing it to $603. BMO Capital Markets Like JPMorgan, BMO analyst Ambrish Srivastava hiked his target price by $50 to $650. Bernstein Analyst Stacy Rasgon increased his target price by $25 to $700, equating to 40% upside over the coming year.
Persons: Jensen Huang, chalked, Goldman Sachs, Toshiya Hari, Harlan Sur, Morgan Stanley, Joseph Moore, Aaron Rakers, Vivek Arya, Timothy Arcuri, NVDA, Ambrish Srivastava, Grace Hopper, Ruben Roy, Bernstein, Stacy Rasgon, Vijay Rakesh yanked, 2024E, INTC's, William Stein, Michael Bloom Organizations: Nvidia, CNBC Pro, Center, Foundry Service, JPMorgan, NVIDIA, " Bank of America, NVDA, UBS, BMO, Markets, AMD Locations: China, Tuesday's, CY24, CY25
Donald Trump Jr. in court for his family's civil fraud trial in New York. AP Photo/Phelan M. EbenhackThe first defense expert witness: a Trump mega-donorThe third defense witness to take the stand, developer Steven Witkoff, was, like Donald Trump, Jr., hardly an objective source of testimony. But on Tuesday he became Trump's first expert witness, in the field of real estate valuation. His multi-billion-dollar brokerage firm, Lockton Companies, earned $1.2 million last year as Trump's insurance broker, he said. He said he didn't have a real estate license — he doesn't need one to be a broker, he explained.
Persons: , Donald Trump, Donald Trump , Jr, Junior, Donald Trump Jr, David Dee Delgado, Christopher Kise, Trump, Kise, Phelan M, Ebenhack, Steven Witkoff, Witkoff, Trump's, Eduardo Munoz Alvarez, Jason Flemmons, Flemmons, James, Flemmons flubbed, Steven Laposa, Laposa, LIV, Timothy A, Clary, Gary Giulietti, Giulietti Organizations: Trump, Service, New, AP, Republican, Woolworth, Supreme, Securities and Exchange Commission, SEC, Getty, Lockton Companies, Zurich Insurance Group Locations: New York, Manhattan, Trump, New Jersey
Nvidia earnings will be in focus in the Thanksgiving-shortened week ahead, as investors consider the sustainability of the November rally heading into year-end. NVDA YTD mountain Nvidia YTD The chip giant's results will come amid a broad rally for equities this month. The S & P 500 has climbed more than 7%, and the tech-heavy Nasdaq Composite has advanced more than 9%. That stands in marked contrast to the S & P 500, which trades at a multiple of 22. Hopes for a dovish Fed Wall Street is also heading into next week after absorbing some positive news.
Persons: Timothy Arcuri, China —, Piper Sandler, Harsh Kumar, Quincy Krosby, Bill Baruch, CNBC's, That's, Bonds, Giuseppe Sette, Dow, Jeff Hirsch, , Michael Bloom Organizations: Nvidia, UBS, Dow Jones Industrial, Nasdaq, Microsoft, LPL, Dow, Blue, Investors, Chicago Fed, HP Inc, Autodesk, Devices, Lowe's, Deere, P, PMI, P Global PMI Locations: FactSet, China, Treasurys, Lombard, Michigan
Following Tuesday's trade, Jim Cramer's Charitable Trust will own 525 shares of EMR, decreasing its weighting in the portfolio to 1.61% form 1.84%. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer's, Tuesday's outsized, Emerson, we'll, Jim Cramer, Jim, Emerson Electric's, Timothy Aeppel Organizations: Emerson Electric, Treasury, Federal, National, CNBC, Emerson Locations: Marshalltown , Iowa
Following the trade, Jim Cramer's Charitable Trust will own 600 shares of EMR, decreasing its weighting in the portfolio to 1.84% from 2.30%. We are making a small sale Monday and staying true to the S & P Oscillator, a technical indicator we monitor for oversold and overbought conditions in the market. Conversely, an overbought reading suggests the market rally has gotten a little extended in the immediate term, and some time is needed to digest those gains. Thanks to the roughly 7% rally in the S & P 500 since the end of October, the S & P Oscillator has flipped from oversold to overbought. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Jim Cramer's, Jim Cramer, Jim, Timothy Aeppel Organizations: Emerson Electric, National Instruments, CNBC, Workers, Emerson Electric Co Locations: overbought, Marshalltown , Iowa
That's the assessment of a new report released on Thursday by the American Academy of Arts and Sciences (AAAS). There is growing concern about a contradiction in the U.S. economy: jobs are plentiful and economic growth is strong, especially compared with other advanced economies, but surveys show many Americans are sour about the outlook. A key part of the report is a new tool developed to measure the well-being of Americans, which combines 11 different measures. Researchers around the world have long sought to find better ways to gauge the well-being of people that look beyond measures such as economic growth or unemployment. Reuters GraphicsOne unique part of the measure is an attempt to quantify the "political voice" of Americans.
Persons: Gaelen Morse, Matthew Slaughter, Nicholas Lemann, there's, Lemann, Jacob Hacker, Timothy Aeppel, Paul Simao Organizations: REUTERS, American Academy of Arts and Sciences, Dartmouth College's Tuck School of Business, Federal Reserve, U.S . Census, Columbia Journalism School, Reuters, Yale University, Thomson Locations: Columbus , Ohio, U.S, America
Ivanka Trump arrives for the civil fraud trial of her father former President Donald Trump at New York State Supreme Court on November 08, 2023 in New York City. Michael M. Santiago | Getty ImagesIvanka Trump, the eldest daughter of former President Donald Trump, began testifying Wednesday in the $250 million civil fraud trial that threatens her family's business empire. James accuses Trump Sr., Donald Trump Jr., Eric Trump and others of falsely inflating asset values to get tax benefits and other financial perks. The AG said she expects Ivanka "will do all that she can to separate herself" from the Trump Organization during her testimony. Engoron on Oct. 27 ordered Ivanka Trump to comply with subpoenas for her testimony without any limitations.
Persons: Ivanka Trump, Donald Trump, Michael M, Letitia James, James, Trump, Donald Trump Jr, Eric Trump, Timothy A, Clary, Ivanka, Arthur Engoron, She, Kevin Dietsch, Engoron, Donald Trump's, Jane Rosenberg Organizations: New York, Court, Santiago, Getty, Trump Organization, New York . New York, Manhattan, Post, D.C, Trump, Trump International, Waldorf, Deutsche Bank, Trump Jr, U.S Locations: New York City, New, New York ., Ivanka Trump, York, New York, Trump's Washington, Trump Doral, Washington ,, Manhattan, U.S
But that was all over shadowed by misses on sales, weak underlying growth, and a suboptimal outlook for the current quarter and fiscal year 2024. For the current quarter, the sales forecast was solid, even as the earnings guidance came up short. On a full-year basis, sales and earnings forecasts fell short of expectations, as did cash-flow-generation targets. Guidance Looking ahead, management's forecast for the current quarter pointed to a better than expected sales result, however its earnings guidance came up short. On a full-year basis, expectations for underlying sales growth and full-year earnings bracketed expectations.
Persons: , EBITA, Emerson, Surendralal Karsanbhai, Jim Cramer's, Jim Cramer, Jim, Timothy Aeppel Organizations: Emerson Electric, Revenue, Emerson, National Instruments, CNBC, Workers, Emerson Electric Co Locations: belter, Marshalltown , Iowa
CNN —It’s the moment basketball fans – in particular San Antonio Spurs supporters – have been waiting for. On Wednesday night, French sensation Victor Wembanyama will play in his first NBA game when the Spurs welcome the Dallas Mavericks. Widely regarded as the most exciting NBA prospect since LeBron James, the No. One moment during the Spurs’ preseason game against the Golden State Warriors showcased this movement perfectly. 'Wemby' is the hottest NBA prospect since LeBron James.
Persons: CNN —, , Victor Wembanyama, LeBron James, Frenchman, Steph Curry, Andrew Wiggins, Wembanyama, Wiggins, Kyle Terada, Oscar –, Michel De Fautereau, he’d, Michaël Allard, Timothy A, Clary, Allard Organizations: CNN, San Antonio Spurs, NBA, Spurs, Dallas Mavericks, Golden State Warriors, Warriors, Reuters, Paris University Club, Nanterre, Getty, Mavericks, ESPN Locations: France, AFP
REUTERS/Lucy Nicholson/File Photo Acquire Licensing RightsOct 23 (Reuters) - Jason Andringa’s company was part of the stampede of U.S. businesses that built factories in China. But the mood of Vermeer and many other global producers has turned sour on China. Rather than expand in China, these companies are directing new investments to other low-cost countries such as Vietnam and India. Ryan Gunnigle, CEO of Atlanta-based toy maker Kids2, said he is continuing to invest in his China factories, adding both automation and new capacity. The CEO of Danby Appliances, a Canadian company that sells over half of its products in the U.S., got 85% of its goods from Chinese factories five years ago.
Persons: Lucy Nicholson, Jason Andringa’s, Vermeer, Biden, Joe Biden, Xi Jinping, Gina Raimondo, Matt Dollard, Ryan Gunnigle, Kids2, Jim Estill, He’s, Danby, Timothy Aeppel, Anna Driver Organizations: Port, REUTERS, U.S ., U.S, Nvidia, Wall Street, U.S . Bureau, China Business Council, Reuters, Asia Pacific Economic Cooperation, Trump, RSM US, Appliances, Thomson Locations: Port of Long Beach, Port of Los Angeles, Los Angeles , California, U.S, China . Iowa, China, Mexico, Asia, San Francisco, Beijing, Washington, Taiwan, Vietnam, India, Atlanta, Canadian, Turkey, Canada
REUTERS/Timothy Aeppel/File photo Acquire Licensing RightsOct 18 (Reuters) - Procter & Gamble (PG.N) topped market expectations for quarterly sales and profit on Wednesday, benefiting from higher prices as well as steady demand for its personal care products and cleaning supplies. While P&G's moves to consistently raise prices over the past several months have dented sales volumes with some cost-conscious shoppers turning to cheaper alternatives, the benefits from higher prices have helped bolster its profits. Gross margin improved 460 basis points to 52% in the quarter ended Sept. 30 and the company kept its annual profit outlook despite expectations for a $1 billion after-tax impact from unfavorable foreign exchange rates. P&G now expects sales growth to be in the range of 2%-4% for fiscal 2024, compared to its prior estimate of a 3%-4% rise, owing to currency fluctuations. Per-share profit of $1.83 per share also beat expectations of $1.72.
Persons: Timothy Aeppel, Andre Schulten, they're, Jason Benowitz, Deborah Sophia Organizations: Procter, REUTERS, Procter & Gamble, Gillette, Roosevelt, Thomson Locations: Tabler Station, West Virginia, U.S, Bengaluru
REUTERS/Timothy Aeppel/File photo Acquire Licensing RightsOct 18 (Reuters) - Procter & Gamble's (PG.N) quarterly sales and profit topped market expectations on Wednesday, helped by steady demand for its personal care products and cleaning supplies as well as price hikes. P&G has consistently raised prices of its products over the past several months. While that has led to weaker sales volumes as some cost-conscious shoppers turn to cheaper alternatives, the benefits from higher prices have helped bolster its profits. The Pantene shampoo maker saw overall prices jump 7% in the first quarter, while total sales volume dropped 1%, consistent with the levels seen in the prior quarter. The company posted a profit of $1.83 per share, above estimates of $1.72 per share.
Persons: Timothy Aeppel, G, Deborah Sophia Organizations: Procter, REUTERS, UBS, Gillette, Thomson Locations: Tabler Station, West Virginia, U.S, Bengaluru
Morgan Stanley CEO James Gorman plans to retire by May 2024. "Cross-pollinating key leaders across our major businesses further knits the Morgan Stanley culture," Gorman wrote in a memo at the time. Morgan Stanley, which was the lead underwriter, had to step in to prop up the stock. In 2010, Morgan Stanley was picked as one of two lead underwriters — the other being JPMorgan — for the IPO of General Motors. With Morgan Stanley at the top of its game, breaking up this well-oiled team could be disastrous.
Persons: Morgan Stanley, James Gorman, Ted Pick, Andy Saperstein, Dan Simkowitz, He's, Simkowitz, Eaton Vance, Pick, Morgan, Getty, Dan, doesn't, Gorman, Morgan Stanley's, Saperstein, executive's protégé, Andy, Alex, Brown, Ted, she'd, Simkowitz's, Dean Witter Reynolds, Eaton, Calvert, Ruth Porat, Bob Scully, Fannie Mae, Freddie Mac, Will Dotson, Dan Akerson, TIMOTHY A, CLARY, Erik Gordon, Dodd, Frank, David Bieri, Gonzalo Marroquin, Patrick McMullan, Paul Taubman, Colm Kelleher, coheads, John Mack, Phil Purcell, Hayley Cuccinello Organizations: Disney, Harvard, McKinsey, Columbia Business School, Maccabiah Games, Team USA, Maccabi USA, Trenton Almgren, Davis, Lucent, Verizon, Mesa West Capital, JPMorgan, Calvert Research, Management, Facebook, Massachusetts Securities Division, Treasury, JPMorgan —, General Motors, Government Motors, General, New York Stock Exchange, Getty, University of Michigan's Ross School of Business, Citigroup, Virginia Tech, US Securities and Exchange Commission, United States Attorney's Office, Southern, of Locations: Bloomington , Indiana, Trenton, New York, Tokyo and Hong Kong, Boston, Washington, Switzerland, of New York, hcuccinello@insider.com
How the $13 trillion economy's slowdown will affect other emerging markets is still an unanswered question for investors. "Lower for longer Chinese growth is shaping a new regime of investments," Amundi's head of emerging markets Yerlan Syzdykov told Reuters. The World Bank trimmed its 2024 China growth forecast to 4.4% from 4.8%. 6/DEVELOPING REFORMThe World Bank, IMF and other multilateral development banks are under pressure to boost lending to poorer countries to fund development and tackle climate change. China and other large emerging economies have long demanded a greater say in the global financial architecture, which is still dominated by parameters set out by the 1944 Bretton Woods meeting, where the IMF and World Bank were established.
Persons: Abdelhak, Joseph Cuthbertson, Syzdykov, Anna Gelpern, Gregory Smith, Smith, Mehmet Simsek, Tayyip Erdogan, Erdogan, drubbing, Timothy Ash, Jorgelina, Rosario, Rachel Savage, Marc Jones, Karin Strohecker, Christina Fincher Organizations: International Monetary Fund, World Bank, Palais des, REUTERS, Federal Reserve, International Monetary, PineBridge Investments, Reuters, Bank, Ukraine, U.S, Kyiv, Paris Club, IMF, American, London, G Investments, JPMorgan, Egypt IMF, Fitch, Reuters Graphics Reuters, Finance, BlueBay Asset Management, Thomson Locations: Palais, Palais des Congres, Marrakech, Morocco, Argentina, Pakistan, Kenya, Egypt, CHINA, China, UKRAINE, Ukraine, Zambia, Sri Lanka, Ghana, Georgetown, Nigeria, TURKEY, Ankara, New York, Washington, London, Woods
REUTERS/Bianca Flowers Acquire Licensing RightsSept 22 (Reuters) - Jeffrey Aznavorian has already cut output about 6% at his small auto parts factory outside Detroit due to the United Auto Workers strike. If the strike expands, it would only be a matter of weeks before some smaller suppliers faltered, said Marick Masters, a professor of business at Wayne State University. He estimates 30% of smaller suppliers carry too much debt to survive a long strike. Other measures also point to a supply base that was strained even before the strike. RapidRatings calculates "core health scores" for privately owned auto parts companies - based on a 100-point scale - which looks at their returns, cost structures, and capital structure.
Persons: Bianca Flowers, Jeffrey Aznavorian, Pittsburgh steelmaker, Laurie Harbour, Marick, James Gellert, Gellert, Timothy Aeppel, Andrea Ricci Organizations: Ford UAW, Detroit, REUTERS, United Auto Workers, Ford, General Motors, Chrysler, GM, Anderson Economic, Auto, CIE, Spain’s CIE Automotive, . Steel, Pittsburgh, Reuters, Harbour, Inc, Wayne State University, Thomson Locations: Chicago , Illinois, U.S, Detroit, Michigan, Midwest, Illinois, Southfield , Michigan, Plymouth , Michigan
CNN —Taylor Swift made the whole place shimmer at the MTV Video Music Awards on Tuesday night, when she won the award for video of the year for the second time in a row. Last year, Swift won the same award for her “All Too Well (10 Minute Version) (Taylor’s Version)” music video. Tuesday’s wins come as Swift continues what’s arguably her most successful era yet, which started in 2022 when she released her 10th studio album “Midnights.”Taylor Swift at the MTV Video Music Awards in New Jersey on Tuesday. She also made an ultimately short-lived amends with West when she presented him with the Michael Jackson Video Vanguard Award that year. And in 2022, she announced that she’d be releasing “Midnights” while accepting the award for best longform video.
Persons: CNN — Taylor Swift, shimmer, Swift, Bejeweled, ” Swift, Tuesday’s, what’s, ” Taylor Swift, Timothy A, Clary, , she’s, Kanye West, , Karlie Kloss, Selena Gomez, Gigi Hadid, Hailee Steinfeld, Cara Delevingne, Michael Jackson Organizations: CNN, MTV, , Getty Locations: New Jersey, AFP
“Congrats to U.S. Open Champion Coco Gauff,” President Joe Biden wrote on X, formerly known as Twitter. Mike Stobe/Getty Images Aryna Sabalenka of Belarus is recognized for her runner-up finish against Coco Gauff. Sarah Stier/Getty Images Sabalenka and Gauff pose for a photo with former player Billie Jean King before the match. Sarah Stier/Getty Images Gauff is introduced ahead of the match. Sarah Stier/Getty Images A US flag is unfurled during the opening ceremony for the US Open women's singles final.
Persons: Coco Gauff, Aryna Sabalenka, Venus Williams, Gauff, CNN’s Carolyn Manno, Serena Williams, , , ” Gauff, “ Congrats, Joe Biden, Arthur Ashe, You’ve, ” Coco Gauff, Arthur, Mike Segar, Reuters Gauff, Mike Stobe, Sarah Stier, Shannon Stapleton, Frank Franklin II, Darren Carroll, AP Sabalenka, Danielle Parhizkaran, Al Bello, Charles Krupa, Clive Brunskill, Sabalenka, Billie Jean King, Timothy A, Clary, Michelle Obama, Laura Siegmund, Obama, Gauff’s, Bill Clinton, Venus, Serena, “ Let’s, Nicole Kidman, Amanda Seyfried, Cara Delevingne, Ariana DeBose, Diane Keaton, Mindy Kaling, Rachel Brosnahan, Jonathan Van Ness, Carlos Alcaraz, Zendaya Organizations: CNN, Wimbledon, Reuters, USTA, AP, USA, Network, Sabalenka, Gauff, Getty, WTA, Gotham Locations: American, U.S, America, Queens, Belarus, AFP
6 seed Coco Gauff. Up next for Gauff in the quarterfinals is the resurgent Jelena Ostapenko, who utterly dismantled defending champion and world No. “She’s playing really great tennis. “It’s like she’s got nothing to lose, so she’s playing at her best. She played great tennis against Ons – I haven’t watched her previous matches, but, yeah, she’s playing great tennis right now.
Persons: Świątek, Jessica Pegula, Sabalenka, Coco Gauff, Jelena Ostapenko, ” Gauff, Ostapenko, Caroline Wozniacki, , Brad Gilbert’s, , Ostapenko –, Świątek –, Timothy A, Clary, she’ll, Roland Garros, Gauff, I’ve, Wozniacki, Aryna, Kena Betancur, Zheng Qinwen, Jabeur, Zheng, Daria Kasatkina, “ She’s, she’s Organizations: CNN, Gauff, WTA, Getty, US, , Monday’s Locations: New York, AFP, Rothesay, Cincinnati
Frances Tiafoe, Taylor Fritz, Tommy Paul and Ben Shelton will all be in action on Sunday – Paul and Shelton playing each other while Tiafoe will face Australia’s Rinky Hijikata and Fritz will take on Switzerland’s Dominic Stricker. Taylor Fritz has never reached the fourth round of the US Open before. Mike Stobe/Getty Images“We’ve all been hearing about who’s going to be the next American (after) Andy Roddick 20 years ago our entire careers. Sarah Stier/Getty Images“Obviously around the grounds, everyone is really stoked and excited about the Americans,” Paul told the Washington Post. Coco Gauff is so far the only American woman to reach the fourth round of this year’s tournament, though Madison Keys and Jessica Pegula are still in contention at time of publication.
Persons: Andy Roddick, Frances Tiafoe, Taylor Fritz, Tommy Paul, Ben Shelton, Paul, Shelton, Hijikata, Fritz, Dominic Stricker, Mike Stobe, ” Fritz, , , ” Tiafoe, Arthur Ashe, France’s Adrian Mannarino, Timothy A, Clary, Taylor, he’s, Roddick, Sarah Stier, ” Paul, , Sloane Stephens, Coco Gauff, Madison Keys, Jessica Pegula Organizations: CNN, American, Reuters, Eurosport, , Flushing, Getty, Washington Post Locations: Flushing Meadows, AFP, American
The artificial intelligence-fueled arms race is only just beginning, and UBS views Broadcom as well positioned to come out a winner. Analyst Timothy Arcuri reiterated his buy rating and $925 price target on shares after the company's fiscal third-quarter results, calling the semiconductor a "prime beneficiary" of the AI fight. Broadcom shares have surged 65% this year as investors go all in on AI. Looking ahead, Arcuri expects ongoing AI revenue growth into the 2024 fiscal year to help Broadcom move past persisting end market weakness and a difficult demand environment. AI revenue is expected to surpass 25% of semis revenue in the coming year.
Persons: Timothy Arcuri, Arcuri, America's Vivek Arya, Arya, — CNBC's Michael Bloom Organizations: UBS, Broadcom, Bank, America's, Nvidia, Arya, Bank of
"The war is coming home to Russia," Timothy Ash, emerging markets strategist at BlueBay Asset Management, said in emailed comments Wednesday. Alexander Nemenov | Afp | Getty ImagesAerial assaults have intensified in recent days with strikes occurring further into Russian territory. Drone warfareRussia blamed Ukraine for the latest drone attacks while Ukraine remained characteristically tight-lipped about these, and previous, assaults. Ukraine has been targeted with thousands of Russian drone attacks during the 19-month-long conflict, with its energy, defense and civilian infrastructure pummeled by swarms of Iranian-made UAVs. Experts agree that Ukrainian forces direct attempts to attack Russian territory and are likely to be assisted by disaffected anti-war Russians at times.
Persons: Vladimir Putin, Alexey Nikolsky, Timothy Ash, Putin, Ash, Alexander Nemenov, Mikhail Razvozhaev, Vladimir Putin's, Kirill Shamiev, Shamiev, Volodymyr Zelenskyy, Zelenskyy Organizations: Afp, Getty, Russian, BlueBay Asset Management, Police, Moscow International Business, Reuters, Russian Ministry of Defense, European Council, Foreign Relations, CNBC, Kremlin, Kyiv, Ukrainian Armed Forces Locations: Orenburg, Russia, Moscow, Russian, Crimea, Ukraine, Kerch, Bryansk, Sevastopol, Kyiv
REUTERS/Jordan Vonderhaar Acquire Licensing RightsAug 31 (Reuters) - Even a robot invasion can't beat a slowing economy. Robot sales boomed through the pandemic, as producers scrambled to use the machines to churn out badly needed goods. Burnstein added that A3 expects the softness in robot orders to continue until the fourth quarter or early next year. In the past, they were concentrated in auto factories and their suppliers, which still make up a large share of all robot orders. Since construction projects vary in size and complexity, he said, there are spells when the robot isn't needed at all.
Persons: Jordan Vonderhaar, Nancy Kleitsch, Kleitsch, Jeff Burnstein, Burnstein, Aaron Anderson, Anderson, Timothy Aeppel, Dan Burns, Paul Simao Organizations: REUTERS, Companies, Association for Advancing Automation, Commerce Department, Reuters, Labor Department, Thomson Locations: San Antonio , Texas, U.S, North America, Phoenix, Concord , California
Total: 25