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Signage of Adani Group at Adani Defence and Aerospace booth during the Aero India 2023 at Air Force Station Yelahanka in Bengaluru, India, on Monday, Feb. 13, 2023. India's Adani Group saw shares of its companies plunge Thursday after its billionaire chairman Gautam Adani was indicted in a New York federal court over his alleged involvement in an extensive bribery and fraud operation. The Indian group's flagship firm Adani Enterprises fell 10%, while the company in the eye of the storm Adani Green Energy tanked 17.28%. Adani Energy fell 20%. Adani Power lost 13.81%, Adani Port's share price dropped 10%, while the group's retail arm Adani Wilmar shed 7.87%.
Persons: India's, Gautam Adani, Adani, Sagar Adani, Ranjit Gupta, Rupesh Agarwal, Saurabh Agarwal, Cyril Cabanes, Deepak Malhotra, CDPQ, shortseller, Hindenburg, Raymond James ', Matt Orton Organizations: Adani Defence, Aerospace, Aero, Air Force, India's Adani, Adani Enterprises, Energy, Adani Energy, Adani Power, NSE, Adani Green Energy, Power, Quebec, U.S, Hindenburg Research, CNBC Locations: Bengaluru, India, New York, U.S, Brooklyn
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Morgan Stanley initiates FrontView REIT as overweight Morgan Stanley said the commercial real estate investment trust company is well positioned. " Morgan Stanley downgrades Global Foundries to equal weight from overweight Morgan Stanley said it sees rising competition for the semis company. " Morgan Stanley upgrades Nutanix to overweight from equal weight Morgan Stanley said the cloud computing software company is well positioned. " Morgan Stanley downgrades Ciena to equal weight from overweight Morgan Stanley said it sees a more balanced risk/reward for the networking and systems software company. Wedbush adds Roblox to the best ideas list The firm said it sees robust revenue growth ahead.
Persons: Cantor Fitzgerald, Morgan Stanley, FrontView, Baird, AAON, Canaccord, Tesla, Jefferies, NTNX, Wells, Raymond James downgrades, Wolfe, DOV, Morgan Stanley downgrades Ciena, Piper Sandler, Bowlero, Piper, Goldman Sachs, Goldman, it's bullish, Marcellus, Bernstein, SARO, Stifel downgrades, Oppenheimer, Monness Crespi Hardt, Coinbase, Stifel, it's Organizations: Nvidia, Broadcom, MU, JPMorgan, Apple, Dell, Cisco, Spotify, Honeywell, Walmart, " Bank of America, Antero Resources, Bank of America, Macquarie, China EV, Stifel downgrades Colgate, Palmolive, Colgate, Commerce, ~$ Locations: AVGO, 1H25, Dover, Appalachia, Utica, West Virginia
Dow stock Honeywell was one of the biggest drags on the 30-stock average Thursday after Club industrial giant reported mixed third-quarter results compounded by a mixed outlook. HON YTD mountain Honeywell YTD Honeywell shares sinking 4.5% after the release was understandable but represents an opportunity. Honeywell Why we own it: Honeywell is a provider of industrial technology solutions to companies in various industries. Sales were revised lower because the short cycle recovery in the company's industrial automation segment is not materializing as quickly as management was expecting. Honeywell International Inc. signage is displayed on a monitor on the floor of the New York Stock Exchange (NYSE) in New York.
Persons: we're, Vimal Kapur, Kapur, Kupar, Jim Cramer's, Jim Cramer, Jim, Michael Nagle Organizations: Dow, Honeywell, Emerson, CAES Systems, Air Products, Aerospace Technologies, CNBC, Honeywell International Inc, New York Stock Exchange, Bloomberg, Getty Locations: New York
Check out our main Prime Day deals hub for sales, broken down into categories like tech, home and kitchen, style and beauty, and more. View at Amazon What we like Check mark icon A check mark. Easy-to-use Alexa voice controlCheck mark icon A check mark. This is a relatively new product on the market, and we're seeing the first ever sale during Prime Day. Check out our roundup of all of the best Prime Day deals , or browse Amazon's website for the full selection.
Persons: Dyson, Rocco, seltzer Organizations: Business, Deal, Samsung, Alexa Voice, Amazon, Shark, Dyson, Upright, Amazon Philips, Philips, Amazon Samsung
One of the best deals of the sale is 28% off the two-wheeled version of our favorite carry-on bag, the Travelpro Platinum Elite. View at Amazon What we like Check mark icon A check mark. Lots of pockets and features that make packing easierCheck mark icon A check mark. View at Monos What we like Check mark icon A check mark. View at Amazon What we like Check mark icon A check mark.
Persons: we're Organizations: Business, Amazon, Plus, Chatelet Air Locations: Samsonite, Paris, Delsey Paris, Delsey
But the nature of the race — a toss-up contest in swing states — has not budged. No clear leaderBut despite the rising heat on the campaign trail, the race remains where it has been for weeks: deadlocked. The vice president is at 50% compared with Trump’s 47% in the latest CNN Poll of Polls average. Vice President Kamala Harris boards Air Force Two in Queens, New York, on September 22, 2024. Former President Donald Trump arrives at a campaign rally at the Aero Center in Wilmington, North Carolina, on September 21, 2024.
Persons: Donald Trump’s, he’d, , Trump, He’s, CNN’s KFile, Kamala Harris, Harry Enten, Democrat John F, Richard Nixon, Gretchen Whitmer, Harris ’, , Harris, Sharyl Attkisson, , Joe Biden, Matt Rourke, Biden, Donald Trump, Jim Watson, Republicans —, Ron DeSantis, Nikki Haley, she’s, “ I’m, “ I’ve, ” Harris, South Carolina Sen, Lindsey Graham, NBC’s Kristen Welker, Who’s Organizations: CNN, White, North Carolina, Democrat, Michigan Gov, Democrats, Trump, NBC News, Democratic, Electoral, Air Force, Capitol, Oval, Democratic National Convention, Republican Party, Aero Center, Getty, Republicans, Florida Gov, South Carolina Gov, NBC, , Federal Reserve, mull, Republican, South, Locations: Ohio, “ State, Michigan, Pennsylvania, Wisconsin, Georgia, Nevada , Wisconsin , Michigan, North Carolina, United States, Queens , New York, Trump, Chicago, Wilmington , North Carolina, AFP, Florida, South Carolina
SINGAPORE — Pope Francis arrived in Singapore on Wednesday from East Timor, on the final leg of an ambitious 12-day journey across Southeast Asia and Oceania. The pope will also hold private meetings with President Tharman Shanmugaratnam, Prime Minister Lawrence Wong, and former Prime Minister Lee Hsien Loong. Francis is only the second pope to visit Singapore, following a brief five-hour layover by the late John Paul II in 1986. On landing in Singapore, Francis was met by Edwin Tong, the Minister for Culture, Community and Youth, and received flowers from local schoolchildren. Francis’ 12-day tour has also included stops in Indonesia and Papua New Guinea.
Persons: Pope Francis, Tharman Shanmugaratnam, Lawrence Wong, Lee Hsien Loong, Francis, John Paul II, Edwin Tong, Francis ’ Organizations: Aero Dili, Culture ,, Youth Locations: SINGAPORE, Singapore, East Timor, Southeast Asia, Oceania, Dili, East Timor’s, Rome, Indonesia, Papua New Guinea
Judge James Robart told Business Insider a bank that managed his wife's individual retirement account purchased Boeing stock in April 2023. He said as soon as he learned about it, he had the stocks sold; his financial disclosures said the shares were sold on two dates in May and June. Based on the prices that Boeing shares traded at on the days her IRA bought and sold the shares, at least one of the two sales was a money-loser, while the second could have been profitable. He and his family disposed of their Boeing shares more than a year before that decision. The amount of Boeing stock traded isn't much compared with Robart's total wealth.
Persons: , Judge James Robart, Robart, it's, Clarence Thomas, Sonia Sotomayor's, Zunum, Bill Hodes, Gabe Roth, Roth, Charles Schwab, hasn't Organizations: Service, Boeing, Business, BI, Supreme, Street Journal Locations: Seattle
AdvertisementIt's one of the world's least-visited countries, making airfare and hotel rates more expensive than many countries in Asia. Only two airlines — the Indonesian low-cost carrier Citilink and the local airline Aero Dili — fly between Bali and Dili. Marielle DescalsotaCost of hotel stay for three nights: $500Timor-Leste only has a handful of three-star hotels and no luxury accommodations. I booked an entry-level room for three nights at Timor Plaza Hotel & Apartments for around $500, including tax. For activities, I spent $30 on a massage at a traditional Chinese spa and $50 on a half-day scuba diving trip at the coast.
Persons: , I've, It's, what's, Cristo Rei, Hilton, Burger King, Gloria Jean's, nasi goreng Organizations: Service, Business, Leste, Indonesia, United Nations, Development, Aero Dili, Timor Plaza, Apartments Locations: Europe, Asia, Maldives, Bangkok, Kuala Lumpur, Timor, , South, Connecticut, Development Asia, Indonesia, Australia, Bali, Dili, Darwin, stopovers, Singapore, Tokyo, guesthouses, Timor Leste
Read Business Insider's guide to the best travel rewards credit cards. But the smartest award hounds are using these popular tools to maximize their rewardsWhy use a credit card rewards tracking app? But no such tool exists as of today, so many dedicated award hounds use a combination of the apps below to track all of their credit card rewards. Top credit card rewards tracking appsAwardWallet: Best for tracking multiple loyalty programsCardPointers: Best for managing your wallet and maximizing credit card offersTravel Freely: Best for couples earning points togetherMaxRewards: Best for monitoring credit alongside of rewardsAwardWalletCost: Freemium — Free version works for most. However, MaxRewards sets itself apart with a running progress bar of the credit card balance you're carrying, and your credit utilization ratio.
Persons: CardPointers, Chase, Amex, You'll, MaxRewards, Read, it's, you'll, point.me, Roame, Seats.aero Organizations: Read, Citi, Security, Amex, Chase, MaxRewards Gold, Google, American, American Express, Business Locations: Amex, Japan, Aeromexico, Asia, North America, Singapore, Chevron
Boeing is buying back Spirit Aero, a manufacturer of parts for its 737 and 787 planes, per Reuters. The $4.7 billion all-stock deal is set to be officially announced Monday, the outlet reported. The deal brings Spirit Aero back into Boeing's fold and should improve the production of its aircraft. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementBoeing is set to buy back Spirit AeroSystems, a manufacturer of parts for its 737 and 787 planes, in a $4.7 all-stock deal, according to a Sunday report from Reuters.
Persons: Organizations: Boeing, Reuters, Spirit, Service, Business
Here are Tuesday's biggest calls on Wall Street: Bank of America reiterates Nvidia as buy The firm named Nvidia to its best-of-breed list. Goldman Sachs reiterates Microsoft as buy Goldman said it's sticking with its buy rating on the stock. "We reiterate our Buy rating ($515 Price Target) on Microsoft as we see the company yielding strong returns on its Gen-AI investments." "We are initiating on Carpenter Technology (CRS) with a Buy rating and $144 target price (47% upside potential)." "We are initiating coverage on Rivian Automotive, Inc. (RIVN) with a BUY rating and $18 PT."
Persons: BoB, Goldman Sachs, Goldman, it's, TD Cowen, Zeta, Raymond James downgrades Penn, Raymond James, Wells, Tapestry's, Tesla, Piper Sandler, Uber, Piper, AMZN, Morgan Stanley, Ford, Evercore, Truist, Guggenheim, Rivian, Robinson, CHRW, Maxim, MicroStrategy Organizations: Bank of America, Nvidia, Disney, Microsoft, Technology, RBC, Zeta Global, PENN, UBS, Exxon, Deutsche Bank, Carpenter Technology, Tesla, Ford, TAP, Ball Corp, Rivian Automotive, Inc, Apple Locations: Capri, HNST
But perhaps Pepsi's most memorable disaster (in the US, anyway) was when it was nearly forced to buy a McDonnell Douglas AV-8B Harrier II fighter jet for one of its consumers. He never got it, but the memory of his attempt has long outlived the Pepsi Points campaign. A pile of Liquid Death cans at a festival. All you need to do is visit the giveaway site and start a text chain, buy a Liquid Death product from a physical store, and text a photo of the receipt. The company swears entrants to the jet contest will not have to take them to court to get the prize.
Persons: Kendall Jenner, McDonnell Douglas, Douglas, Jerod Harris, John Leonard, that's, it's, Joseph Okpako, Andy Pearson, Liquid, Adweek Organizations: Service, PepsiCo, Pepsi, McDonnell, Getty, Netflix, Pepsi Points, Warsaw Pact, Albatros Locations: America, Philippines, Czech, Los Angeles, Czechoslovakia, Warsaw
JetBlue Airways said Wednesday that it is seeking U.S. Department of Transportation approval to pair up with British Airways so the airlines could each expand their networks. The code-sharing agreement includes 75 destinations in the United States — 39 from New York and 36 from Boston — and 17 cities in Europe. Airlines frequently turn to code-sharing agreements, which allow carries to sell seats on airline partner's flights, to grow in regions outside their network. American Airlines also has a more than decade-old joint venture with British Airways across the Atlantic that is more involved than a code-sharing agreement. JetBlue's request for an agreement with British Airways comes a year after a federal judge struck down JetBlue's partnership with American in the U.S Northeast, which sought to allow the carriers to coordinate schedules and routes.
Persons: British Airways didn't Organizations: JetBlue Airbus A321neo, AMS EHAM, JetBlue Airways, U.S, Department of, British Airways, Boston —, Airlines, American Airlines, JetBlue, United, Delta Air Lines, Paxex Aero, U.S . American, American Locations: Amsterdam, Netherlands, United States, New York, Europe, Paris, Dublin, Edinburgh, U.S
Liquid Death has built a $1.4 billion brand by being as eye-catching as possible. The canned water brand on Tuesday announced a contest that will see it give away a $400,000 fighter jet to one of its fans. Between now and September 4, each in-store purchase of a Liquid Death product will count as an entry into the sweepstakes. In the event that the winner doesn't want the jet, Liquid Death is offering an alternative cash prize of $250,000 delivered in a briefcase. "We want to actually entertain people [and] make them laugh in service of a brand," Cessario said at the time.
Persons: doesn't, Mike Cessario, Cessario Organizations: Netflix, CNBC Locations: Chicago
The Aero and Defense ETF ITA is hitting a new high
  + stars: | 2024-05-20 | 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 EmailThe Aero and Defense ETF ITA is hitting a new highThe Investment Committee discuss how to trade the ITA as it hits a new high.
Organizations: Defense, ITA, Investment
AdvertisementSo who is Larry Page and how did he get to where he is today? AdvertisementPage and Sergey Brin create GoogleGoogle co-founders Sergey Brin and Larry Page met as students at Stanford. Google's parent company, Alphabet, has developed self-driving cars through Waymo, the company formerly known as the Google Self-Driving Car project. Page's personal lifeGoogle cofounder Larry Page and his wife, the scientist Lucinda Southworth C Flanigan/FilmMagicThroughout it all, Page has kept information about his personal life closely guarded. Life after GoogleGoogle cofounder Larry Page bought Cayo Norte, an island in Puerto Rico.
Persons: , Larry Page, Sergey Brin, Page, Sundar Pichai, Gloria, Carl Page —, Larry, what's, Nikola Tesla, he's, Brin's, BackRub, Brin, Eric Schmidt, Schmidt, Andy Rubin's, he'd, Andrew Kelly, Sergey, Lucinda Southworth C, Lucinda Southworth, Richard Branson, Page's, Carl Victor Page, Carl Page, He's, Hugh Langley Organizations: Service, Google, Business, Michigan State University . Education, Getty, Michigan State University, The, Montessori, Google Google, Stanford, Associated Press, University of Michigan, Labs, Reuters Page, Virgin Group, Investments, Carl Victor Page Memorial Foundation, Zee Aero, Pacific, Virgin Island, Atomic Locations: Michigan, Waymo, Toronto, Stanford, Caribbean, Palo Alto, Cayo Norte, Puerto Rico, Koop, Tavarua, Fiji
Jefferies raised its price target on the artificial intelligence chipmaker, calling for more than 30% upside. Analyst Biju Perincheril downgraded shares to neutral from positive and slashed his price target by $36 to $56. Ramnani's $531 price target implies upside of 16.2% for Mastercard, while he sees Visa shares advancing 14.7% to $322. — Alex Harring 5:39 a.m.: Jefferies raises Nvidia price target Nvidia's gains won't stop anytime soon, according to Jefferies. After an analyst change, the firm kept its buy rating and raised its price target to $1,200 from $780.
Persons: Jefferies, Biju Perincheril, SolarEdge, Perincheril, — Alex Harring, Tom O'Malley, O'Malley, Seth Seifman, We've, Seifman, Morgan Stanley, Dara Mohsenian, Mohsenian, Alex Harring, Piper Sandler, Arvind Ramnani, Ramnani, Achal Kumar, Kumar, Delta, Blayne Curtis, NVDA, Curtis, Fred Imbert Organizations: CNBC, Nvidia, HSBC, American Airlines, Susquehanna, FactSet, Wall, Micron, Barclays, JPMorgan, GE Aerospace, GE, PepsiCo, Pepsi, PEP, Mastercard, Visa, Technology, Delta Locations: Delta, United, Europe, Monday's premarket
"We see risk-reward on AAPL as positive, and rate the stock Outperform with a price target of $195." Barclays reiterates Micron as overweight Barclays raised its price target on the stock to $145 per share from $120. Evercore ISI adds a tactical outperform on Walmart Evercore added Walmart to its tactical outperform list ahead of earnings later this week. Evercore ISI adds a tactical outperform on Target Evercore added Target to its tactical outperform list ahead of earnings on May 20. "Following SEDG's 1Q results last week, we are downgrading SEDG to a Neutral and lowering our price target to $56 as the timing of a recovery remains cloudy."
Persons: Bernstein, Apple, Jefferies, it's, Wells, Piper Sandler, Piper, it's bullish, Bank of America downgrades Penn, Guggenheim, Tesla, We've Organizations: Apple, Nvidia, Barclays, Micron, HSBC, Delta, American Airlines, JPMorgan, Netflix, UBS, Wells, Visa, Mastercard, Walmart, Target, Royal Bank of Canada, HSBC Canada, Nexstar, Susquehanna, Bank of America, Penn Ent, ESPN Bet, Tesla, GE Aerospace, GE, Gemini Locations: Delta, United, America
"We see risk-reward on AAPL as positive, and rate the stock Outperform with a price target of $195." Barclays reiterates Micron as overweight Barclays raised its price target on the stock to $145 per share from $120. Evercore ISI adds a tactical outperform on Walmart Evercore added Walmart to its tactical outperform list ahead of earnings later this week. Evercore ISI adds a tactical outperform on Target Evercore added Target to its tactical outperform list ahead of earnings on May 20. "Following SEDG's 1Q results last week, we are downgrading SEDG to a Neutral and lowering our price target to $56 as the timing of a recovery remains cloudy."
Persons: Bernstein, Apple, Jefferies, it's, Wells, Piper Sandler, Piper, Bank of America downgrades Penn, Guggenheim, Tesla, We've Organizations: Apple, Nvidia, Barclays, Micron, HSBC, Delta, American Airlines, JPMorgan, Netflix, UBS, Visa, Mastercard, Walmart, Target, Royal Bank of Canada, HSBC Canada, Nexstar, Susquehanna, Bank of America, Penn Ent, ESPN Bet, Tesla, GE Aerospace, GE, Gemini Locations: Delta, United, America
In 2023, more than 550 businesses and nearly 6,000 new job opportunities were established on the island, according to Invest Puerto Rico. More than ever, Puerto Rico is positioned to host entrepreneurs and executives considering establishing or expanding their business presence. When González cofounded the tech consultancy firm Wovenware in 2003, Puerto Rico's tech scene was virtually nonexistent. Fast forward two decades since its founding, and Wovenware stands as a testament to Puerto Rico's vibrant tech ecosystem, having grown into a key player. Learn more about establishing yourself in Puerto Rico's business landscape.
Persons: Luis Ramos, Christian González, González, might've, Ramos, it's, Organizations: Invest, Honeywell Aerospace, Puerto, Puerto Rico, University of Puerto, Polytechnic University of Puerto Rico, Honeywell, González, Workers, Insider Studios Locations: Puerto Rico, Invest Puerto Rico, Puerto Rican, Puerto, University of Puerto Rico, Aguadilla, Puerto Rico's
First-quarter reporting season is kicking off later this week, and investors should also be attuned to companies boosting their forecasts as they report, Jefferies found. "As a result, we believe there could be outsized opportunity with respect to stocks poised for shifts to full-year outlooks and subsequent estimate upgrades & downgrades." Jefferies shared 23 companies that have a history of larger-than-typical bumps or higher-than-normal conviction that should see upward estimate revisions once they report their results. Jefferies also listed GE Aerospace as a company with upward revision potential. "High incremental margins from a largely fixed cost base should result in even more impressive long-term EBITDA upside."
Persons: Jefferies, bode, CYBR, Joseph Gallo, Sheila Kahyaoglu, John Colantuoni Organizations: GE Aerospace, GE, YTD GE, CFM Locations: Zillow
"Royal Gold's valuation is now more compelling under our new commodity price assumptions and with modest relative underperformance of Royal Gold share price year to date." Citi reiterates Tesla as neutral Citi lowered its price target on the stock to $196 per share from $224 ahead of the company's delivery numbers in early April. We rate the shares Overweight." Citi reiterates Nvidia as buy Citi said it's sticking with its buy rating on shares of Nvidia. HSBC initiates Spotify as buy HSBC initiated the stock with a buy and said it's "hitting the right notes."
Persons: Morgan Stanley, Tesla, Evercore, Raymond James, GoDaddy, BIL, Baird, Tesla Baird, it's, Wells, Mizuho, Cabot, OEC, Needham, DraftKings, Davidson downgrades Lowe's, UBS downgrades Linde Organizations: Western Digital, KBW, BMO, Royal, Royal Gold, Netflix, JPMorgan, Apple, Deutsche Bank, Citi, Visa, Marvell Citi, UBS, Disney, GE, Nvidia, AMD, HSBC, Spotify, Barclays, JetBlue, LIN Locations: Wells Fargo, GDDY, China, 473.3k
Ukrainian soldiers spent 10 weeks learning to use the US military's Patriot air-defense system. Business Insider recently visited Fort Sill, Oklahoma, where Patriot training took place last year, and spoke with two US Army instructors who were involved in the program. They described the Ukrainian soldiers as "awesome" students and "amazing" learners with a lot of drive to learn how to operate the system. AdvertisementFILE - Patriot missile launchers acquired from the U.S. last year are seen deployed in Warsaw, Poland, on Feb. 6, 2023. AdvertisementA Patriot missile is fired during a training exercise at the Black Sea training range in Capu Midia, Constanta, Romania, on Nov. 15, 2023.
Persons: , Michal Dyjuk, Kevin McConkey, Ukraine —, McConkey, Sean Gallup, Austin Christie, Christie, George Calin Still, Vladimir Putin, Alexander Zemlianichenko, Volodymyr Zelenskyy, Zelenskyy Organizations: US, Patriot, US Army, Fort Sill, Service, Business, Army, U.S, AP, Getty, Ukrainian, Russian Air Force, Pentagon Locations: Ukraine, Fort Sill , Oklahoma, Fort Sill, Warsaw, Poland, Rzeszow Jasionska, Midia, Constanta, Romania, Moscow, Alexander Zemlianichenko Russia, Kyiv, Ukrainian, Germany, Netherlands
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