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"We are initiating coverage of Samsara (IOT) with a Buy rating and $42 price target." Deutsche Bank adds a catalyst call buy on Estee Lauder Deutsche added a short-term buy rating on shares of the beauty giant. Bernstein reiterates Apple as market perform Bernstein said it's getting more "constructive" on Apple shares but is sticking with its market perform rating for now. "We are initiating coverage of AES with a Buy rating and $21PT. "We are initiating coverage on shares of Beacon Roofing Supply (BECN), a leading roofing products distributor in the United States, with a Buy rating and $135 PT."
Persons: Goldman Sachs, Goldman, Oppenheimer, JPMorgan, Lauder Deutsche, Mizuho, TD Cowen, Cowen, it's, Bernstein, Jefferies, Kite, Kite Realty Jefferies, GE Vernova, Tesla, Needham, Andy, BTIG, Davidson, Barnes, Morgan Stanley downgrades, Morgan Stanley, Etsy, Rosenblatt, Swift, Janney Organizations: Bank of America, Cisco Systems, Goldman Sachs, P, JPMorgan, JetBlue, Bancorp, SPT, Oracle, Deutsche Bank, Linde, Mizuho, LIN, Nvidia, Apple, Kite Realty, GE, Metro NY, SSS, Deutsche, Infrastructure, FTAI Infrastructure, BMO, New, AMC, Barnes Group, AES Corporation, AES, eBay, EBAY, UW, ZS, Comcast, CNBC, Benchmark, Beacon Locations: New York City, OW, United States
JetBlue Airways — Shares jumped 4.1% after JPMorgan upgraded the airline to neutral from underperform, saying it likes its turnaround potential. Barnes Group — The global industrial tech and aerospace stock jumped 9.3% after DA Davidson upgraded the company to buy from neutral, saying shares are attractive. Blackstone — The asset manager slipped 2.3% after lowering its dividend to 83 cents per share from 94 cents per share. Horton exceeded expectations in its fiscal second quarter, posting earnings of $3.52 per share on revenue of $9.11 billion. Elevance Health — Shares jumped 3.2% after the health insurance company posted an earnings beat and raised its full-year guidance.
Persons: Estee Lauder, Tesla, Emmanuel Rosner, Rosner, Davidson, Blackstone, Horton —, Horton, LSEG, Morgan Stanley, Donald Trump's, , Samantha Subin, Brian Evans, Hakyung Kim, Lisa Kailai Han Organizations: JPMorgan, Taiwan Semiconductor Manufacturing, JetBlue Airways —, Iris Energy, Deutsche Bank, Google, Meta, Reuters, Group, Alaska Air Group, Revenue, BJ's Wholesale, eBay, — Rosenblatt Securities, Trump Media & Technology, Truth Social Locations: Taiwan, Alaska
For 20 years, Participant Media has been Hollywood’s pre-eminent maker of activist entertainment, backing socially conscious films like “An Inconvenient Truth,” a climate change cri de coeur, and “Wonder,” about a boy with birth defects. Its movies have won 21 Academy Awards. But the company never quite managed to do good while also making money, at least not consistently. Streaming services like Disney+ and Netflix have started to sell ads, and advertisers prefer all-audience, apolitical content. Eat-your-broccoli documentaries and dramas that explore underrepresented communities (both Participant sweet spots) are harder to sell than ever.
Persons: Matt Damon, Jeff Skoll Organizations: Media, , eBay, Wall, Disney, Netflix
I purchased the Haus Labs foundation after watching a glowing review of the product by a makeup influencer on TikTok. That's where online reviews come in: For beauty, especially, reviews from influencers and regular people are crucial. Content Coach gives users prompts of key topics to include in their review, based on common themes in other reviews. "In terms of generative AI, if people can't trust whether a product review is genuine and written by a real user, they might choose to shop elsewhere," said Marissa Jones, the company's senior vice president of product. AI-powered reviews will certainly be great for beauty brands that want more high-quality reviews.
Persons: it's, Selena, Marissa Jones, Bazaarvoice, Chanel, Reilly Organizations: Service, Haus Labs, Business, Fashion, L'Oréal, Clarins, FTC, Walmart, eBay Locations: TikTok, Pacifica
StubHub is eyeing a summer initial public offering, a person familiar with the matter told CNBC. The online ticketing service is aiming for a valuation of at least $16.5 billion, which is what it was valued at in late 2021 during its latest round of private funding. If StubHub does enter the public market, it will trade alongside competitors Vivid Seats and Live Nation . Vivid Seats has a market cap of $1.2 billion and Live Nation is valued at just under $24 billion, according to FactSet. StubHub, JPMorgan and Goldman Sachs all declined to comment about potential timing for an IPO.
Persons: Goldman Sachs, StubHub, Eric Baker, SeatGeek, Taylor Organizations: CNBC, JPMorgan, eBay, Vivid
AdvertisementWhen the Masters golf tournament starts this Thursday, those watching on TV will be treated to the usual assortment of visuals: lush green grass, immaculate flower beds, and the world's greatest players putting on a show. But at the actual tournament, an even fiercer competition will be raging behind the scenes: the battle for authentic Masters merch. It stretched back 50 feet from the actual entrance, which was followed by a series of winding metal gates reminiscent of a TSA checkpoint. AdvertisementA sea of people near the entrance of the Masters golf shop, on April 9, 2024. It's also possible people are less merch-obsessed from Thursday to Sunday when the actual tournament is going on.
Persons: didn't, , Tiger Woods, Scottie Scheffler, Christian Petersen, wasn't, would've, It's, Ben Jared, they'd Organizations: Service, Masters, Augusta National Golf Club, eBay, TSA, Disney, Forbes Locations: swag, snaking, merch
You know the "Dune: Part Two" popcorn bucket? An AMC exec told Variety they never would have made them if AMC knew how people would react. AdvertisementThe viral "Dune: Part 2" popcorn bucket has left one AMC Theatres exec with a bit of regret. Frank said the company is continuing to "learn and evolve" its collectible popcorn bucket business. "It's a material part of our food and beverage business, but it's not the majority of it," Frank told Variety.
Persons: , Elizabeth Frank, Frank, it's, Variety, Barbie, Wonka Organizations: AMC, Service, Variety, Business, eBay, Hollywood Reporter, Hollywood, Disney
Starlink terminals are being widely used by Russian forces in Ukraine, The Wall Street Journal reported. AdvertisementThe Journal also reported that a similar black market is also thriving in Sudan, even though the terminals' use is not authorized there. AdvertisementIn early February, Musk pushed back on claims from Ukrainian military intelligence that the terminals were being systematically used by Russian forces in Ukraine. House Democrats have also pressured Musk to take action, saying Russian military use of the tech is "potentially in violation of US sanctions and export controls." Musk has long sought to limit Starlink's military use, stipulating in the technology's terms of service that it is intended for civilians only.
Persons: Elon Musk's, , Vladimir Putin's, Musk, Mikhailo Fedorov, Starlink, Musk's Organizations: Street Journal, Service, Elon, Elon Musk's SpaceX, Rapid Support Forces, SpaceX, eBay, Democrats Locations: Ukraine, Russia, Sudan, Crimea, Russia's, Dubai, Chad, South Sudan, Russian, Starlink
Members of the White House Correspondents' Association routinely travel on Air Force One. AdvertisementJournalists traveling aboard the Air Force One presidential airliner keep nabbing its many branded knickknacks. Now the White House is trying to put a stop to it. Following a multi-day trip with the press aboard, members of the Air Force took inventory of the plane and found several items missing, according to Politico. After alerting the White House Travel Office about the missing pieces, White House Correspondents' Association president and NBC reporter Kelly O'Donnell reportedly sent a curt email to her colleagues telling them to knock it off.
Persons: It's, , Kelly O'Donnell, curt, hasn't Organizations: White, Correspondents, Association, Air Force, Service, Journalists, Politico, Travel Office, NBC, eBay
When New York’s governor and attorney general joined forces to pass a law trying to restrict social media companies’ ability to use algorithms to shape content for children, they expected Big Tech to put up a battle. That fight has certainly arrived, but with far more opponents than anticipated. A broad range of online service providers, including Google, TikTok and Meta, the parent company of Facebook and Instagram, has spent over $700,000 on lobbyists to press legislators and state officials, according to recent state disclosures. The spending represents aggregate amounts that includes other items on the lobbyists’ agendas, and the disclosures do not state whether the companies are for or against the legislation. But interviews and public statements show that most are opposing the bill — and a related bill connected to child data privacy — or raising concerns about the measures going too far, with some saying it could have unintended consequences on e-commerce sites or digital news publishers.
Persons: Big Organizations: New, Big Tech, Google, Meta, Facebook, Companies, eBay, New York Times
CNN —A one-space mausoleum crypt in the vicinity of Marilyn Monroe and Hugh Hefner will go on auction Saturday, when it is expected to reach between $200,000 and $400,000. The crypt up for auction is one row above and four spaces to the left of Monroe's spot. Julien's AuctionsAfter Monroe’s death in 1962, her ex-husband Joe DiMaggio held a private funeral for her at Westwood Village. Playboy founder Hefner later arranged to be laid to rest in a crypt next to the actor. Other notable figures laid to rest at the Pierce Brothers Westwood Village Memorial Park and Mortuary include author Truman Capote and “Charlie’s Angels” star Farrah Fawcett.
Persons: Marilyn Monroe, Hugh Hefner, Hefner, Elizabeth Arden, Joe DiMaggio, Marilyn, , Monroe, Truman Capote, , Farrah Fawcett Organizations: CNN, Pierce, Westwood, Julien’s, Westwood Village, Playboy, Los Angeles Times, Playboy Enterprises Locations: LA, Monroe
A judge has ordered a former curator who the British Museum says stole hundreds of artifacts to return any gems or jewelry from the institution that are in his possession. Officials also want Mr. Higgs to explain the whereabouts of other artifacts that they says the former curator sold online. The court documents state that Mr. Higgs disputes the accusations against him. At a High Court hearing in London, the presiding judge, Heather Williams, ordered Mr. Higgs to return any items within four weeks. Judge Williams also ordered PayPal, the online payments company, to disclose data relating to Mr. Higgs’s eBay accounts, including his transaction history.
Persons: Peter Higgs, Higgs, Heather Williams, Judge Williams Organizations: British Museum, eBay, PayPal Locations: London
Jamie Iannone, the CEO of eBay, says the company is using AI to boost efficiency and creativity. After getting this direct feedback, our product teams developed tools powered by AI, including a description generator and an image-based listing flow. eBay is using AI to drive the company forwardeBay has been using AI for years. We also know that happy employees are more productive employees. We take this responsibility very seriously because millions of sellers count on eBay to make them more productive.
Persons: Jamie Iannone, , we've, they'll, We're, We've Organizations: eBay, Service
65% of startups on Kruze Consulting's platform are paying for OpenAI, up from just 3% when the chatbot launched in late 2022. Back then, OpenAI had an API service that one to three percent of his clients were using, Jones told Insider in an interview. At fintech unicorn CloudWalk, which is building a payments network, a few engineers started using ChatGPT Plus on their own and praising the application on company Slack channels. Indeed, the growing adoption of ChatGPT is creating demand for engineers who are especially savvy at using generative AI to get work done more quickly. "The feedback we got, which is indirectly related to our using AI, is that investors didn't understand how our team has so many clients and has built so much," Siegal said.
Persons: Healy Jones, OpenAI, Jones, Luis Silva, Carlyle, Lauder, ChatGPT, Silva, We're, CloudWalk, he's, Anthropic, GitHub Copilot, Jared Siegal, Siegal, Copilot, Axel Springer Organizations: Kruze Consulting, OpenAI's, Business, OpenAI, Kruze, ChatGPT, eBay, Slack, ChatGPT Enterprise, Lauder Companies Locations: Brazil, Kruze, GitHub
Today, I've built more than 10 passive income streams, including multiple e-commerce brands, a YouTube channel and an online school. Combined, these businesses bring in about $49,000 a month in passive income. DON'T MISS: The ultimate guide to earning passive income online Print-on-demand lets me sell items like t-shirts and coffee mugs with custom designs on them. Myth #2: You can make passive income without putting in the workOutside of dividend investing, building passive income streams will always require time and dedication. Building my profitable passive income streams required a lot of discipline.
Persons: I've, Organizations: Walmart, eBay, Amazon Locations: Etsy
The explosive growth of the resale market and the rise of fast fashion are partly to blame. It's a high that anyone who shops at thrift stores knows — and one that I've been chasing since high school. lechatnoir/Getty ImagesGen Z made thrifting mainstreamBuying used clothing has never been more popular, largely thanks to Gen Z. Still, even as thrifting has grown in popularity, so have fast fashion brands. "Fifteen years ago you would've seen the majority of your secondhand shoppers were most likely more need-based," she said.
Persons: Thrifting, Gen Z, , I've, Nicole Craig, Arizona State University FIDM, we're, ThredUp, Z, Gen, Danielle Testa, thrifting, millennials, Abercrombie, Craig, Elena Karpova, Testa, Brittany Dickinson, Oleg Cassini, Prada, Jeffrey Greenberg, there's, Dickinson, we've Organizations: Service, Arizona State University, Goodwill, Salvation Army, Fitch, University of North, Goodwill Industries International, Universal, eBay, Urban Outfitters, Free Locations: University of North Carolina, Greensboro, Hendersonville , North Carolina
Last month's job cut count was the highest of any February since 2009, when the financial crisis forced companies into cash preservation mode. CNBC spoke to a dozen people who have been laid off from tech jobs in the past year or so about their experiences navigating the labor market. Additionally, some listings required applicants to have advanced degrees or professional experience in machine learning and artificial intelligence, a new development in Croisant's experience on the job market. "It is a combination of how well you brand yourself, about your access through networking to any given position — to the hidden job market." Still, Powers said she's trying to stay optimistic, "because giving up is not going to get me a job."
Persons: Ed Jones, Allison Croisant, Croisant, Roger Lee, Layoffs.fyi, Lee, I'm, Powers, who's, Tayfun, Christopher Fong, Fong, Michael Kascsak, Kascsak, It's, Lee of Layoffs.fyi, Amit Mittal, Amit Mittal Amit Mittal, Mittal, he's, Bill Vezey, , Vezey, She's, would've, she's, Jennifer Elias Organizations: Afp, Getty, PayPal, Meta, Microsoft, eBay, Unity Software, SAP, Cisco, Wall, CNBC, Google, Anadolu Agency, Nationwide Locations: New York, Omaha , Nebraska, Comprehensive.io, Natchez , Mississippi, View , California, United States, Austin , Texas, U.S, who's, India, Chicago, Santa Cruz , California
Fans of Trader Joe's won't need to resort to an eBay auction to get their hands on the chain's new mini tote bags. The $2.99 canvas bags quickly became a viral sensation when they were released earlier this month, with shoppers snatching them off shelves as soon as they were made available. The totes — which are just a slightly smaller version of Trader Joe's classic canvas bag — have been so popular that some Trader Joe's locations even put limits on how many bags customers could purchase. "We had actually hundreds of thousands of bags come in and go out within a week," he said. The popular bags come in four colors: green, red, yellow and blue.
Persons: Joe's, Matt Sloan, Sloan Organizations: eBay, CNBC
Trader Joe's mini tote bags are the new Stanley cups. Trader Joe's earlier this year released a limited-edition set of canvas bags that look like its normal-sized bags but are smaller. The Trader Joe's bags are cute, I guess? Ask someone who's not very online if they've heard about the Trader Joe's tote bags, and you'll probably get a "huh?" AdvertisementIf you got a coveted Trader Joe's mini tote bag, congratulations.
Persons: Stanley, Joe's, they're, Jesus, it's, Charles Lindsey, Lindsey, That's, Instagram, who's, they've, you'll, Valeria Penttinen, Bean, Jaehee Jung, TikTok, Jung, Emily Stewart Organizations: eBay, University of Buffalo, Trader, Northern Illinois University, Hydro, University of Delaware, Business
The following month, 10 men were indicted in Oklahoma, charged with conspiracy to commit wire fraud for allegedly operating a refund fraud service named Artemis Refund Group. A thriving refund fraud marketFor every refund fraud service shut down by law enforcement, swarms of similar groups remain open for business. CNBC viewed several active refund fraud services on encrypted messaging app Telegram, each with thousands of followers. Zoom In Icon Arrows pointing outwards A Google form from an active refund fraud service explaining which stores it targets and how much it charges customers. Zoom In Icon Arrows pointing outwards A refund fraud service claims to have access to Amazon insiders in a Telegram post.
Persons: Stephanie Keith, Noah Page, Page, he'd, Ralph, , Rick Owens, Sajed Al, Ralph Lauren, Uber, Maarej, Chris Black, Amazon, Al, they'd, Rekk, Cyril Noel, Tagoe, Noel, Louis Vuitton, scammers, Reddit, Brittany Allen, Allen, Remi Vaughn, Vaughn, she's, David Johnston, Johnston Organizations: Bloomberg, Getty, CNBC, National Retail Federation, Appriss, Amazon, Page, Riverside Press, Medianews, PayPal, Retailers, Artemis, Walmart, Apple, Nike, eBay, Saks Fifth, DoorDash, Google, MacBook, Mail, UPS, U.S . Postal Service, Al, Rekk, Gucci Locations: New York, Chattanooga , Tennessee, Reddit, TikTok, Eastvale, Michigan, Oklahoma, Chattanooga
CNN —The disastrous Willy Wonka-inspired experience held in Glasgow, Scotland, last month has already been immortalized in an endless stream of meme-orabilia that will forever live on a corner of the internet. “He has a workshop underneath the venue that hosted the Willy Wonka experience and… the day after everything blew up, he was just at the bins and saw all this stuff lying there,” Kasparis told CNN Wednesday. Despite having a starting price of £10 ($13), the three backdrops have already fetched 48 bids on Ebay, including a highest one of £760 ($973) as of Wednesday morning. “I’m anticipating getting into four figures,” Kasparis said, “which is what I’m hoping for.”As of Wednesday morning, the backdrops had received 48 bids. Frustrated with that gap between the advertising and reality, families attending the experience became so angry that the police were called, and the event was eventually canceled.
Persons: Willy Wonka, Michael Kasparis, , ” Kasparis, ‘ I’ll Organizations: CNN, Ebay, Monorail, Aid, , Glasgow Children’s Hospital, Labour Party Locations: Glasgow, Scotland
The mini totes are offered in four colors — blue, red, green, and yellow — and they are all in high demand. Videos shared on social media show crowds of customers visiting Trader Joe’s stores hoping to get their hands on one of the highly-coveted mini totes. “Our Mini Canvas Tote Bags certainly sold more quickly than we anticipated,” said Nakia Rohde, a spokesperson for Trader Joe’s. Of course, Trader Joe’s mini totes aren’t the first to become a viral sensation. “We do have more Trader Joe’s Mini Canvas Tote Bags coming,” said Rohde.
Persons: , Nakia Rohde, Joe’s, Rohde, Huy, Stanley, Wyatte Organizations: eBay, Facebook, , AP, Philips Locations: Monrovia , California, Huy Fong, New York
Read previewTrader Joe's mini tote bags have only been on sale for a couple of weeks — and they've already sparked a lucrative online resale market. Hundreds of people have already bought the mini tote bags from the online marketplace. "The size is ideal for smaller shopping trips, to pick up those few items you forgot the first time around," Trader Joe's says in the product description. Probably not," one TikToker said in a video of her mini tote. Have you bought a mini tote bag from Trader Joe's?
Persons: , they've, Stanley, Joe's, Quencher, Alphas Organizations: Service, Business, eBay
New York CNN —A Trader Joe’s canvas mini tote bag that costs about the same as a pack of gum is being resold online for nearly 200 times its retail price. The Trader Joe’s bags, available in blue, red, green and yellow, have taken social media by storm in the past week, garnering more than 11 million views on Tik Tok. The viral Trader Joe's mini canvas tote bag. From Trader Joe'sSome have been reselling the bags on e-commerce platforms like eBay and Facebook Marketplace. As of Sunday afternoon, hundreds of mini tote bags have been posted on eBay with prices ranging from $5 to $500.
Persons: Tik, , , Stanley tumblers, Stanley Organizations: New, New York CNN, eBay, Facebook, tote, CNN, Target, Shoppers Locations: New York, Iowa, New Jersey
Stocks that offer high dividend growth and high free cash flow perform best no matter the economic weather, according to Wolfe Research. Here are a few stocks that fit the bill, according to Senyek: Online marketplace eBay was one of several stocks that Wolfe singled out. With its 4% yield, CVS is also a good buy for investors focusing on a high-dividend growth, high free cash flow strategy, Wolfe said. Following CVS' earnings release, investment bank Leerink initiated research coverage of the stock with an outperform rating , citing its cash potential. Other stocks Wolfe included on its list were Constellation Energy , Humana and Archer-Daniels-Midland .
Persons: Chris Senyek, Wolfe, UnitedHealth, Andrew Mok, Tom Cowhey, — CNBC's Michael Bloom Organizations: Wolfe Research, eBay, Barclays, Medicare, CVS, Constellation Energy, Humana, Archer, Daniels, Midland
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