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☆ A poker player turned trader up 253% this year details how he picks which stocks to target — and the event-driven strategy he uses to maximize gains
▼ + stars: | 2024-09-20 | by ( Laila Maidan | ) www.businessinsider.com time to read: +8 min

By 2017, he decided he had to pivot and elected to give stock trading a try. "You're going to panic-sell at the lows; you're going to panic-buy at the highs. You're going to trade when the stock is zigging and zagging and get chopped up. Related storiesOn a chart, it can often look like a wide space between two candles after the stock's price opens significantly higher than where it was in premarket hours. AdvertisementOn January 19, during pre-market hours, the stock's price spiked, causing a gap up on the opening.

Persons: Christian Flanders, Flanders, Norman Zadeh, it's Organizations: Service, Business, US, IT Solutions Locations: Flanders, he's

☆ US unveils major tranche of sanctions targeting Russia
▼ + stars: | 2024-08-23 | by ( Jennifer Hansler | ) edition.cnn.com time to read: +2 min

CNN —The United States on Friday unveiled a massive tranche of sanctions in the latest effort to target Russia’s war machine as the war with Ukraine continues. The sanctions from the US Treasury and State Departments hit nearly 400 people and entities both in and outside Russia, including China, Switzerland, Turkey and the United Arab Emirates, according to a press release from the Treasury Department. The sanctions – unveiled ahead of Ukrainian Independence Day – specifically target those supporting the Russian supply chain and defense base, as well as those helping Moscow to evade current sanctions. They come as Ukraine has launched an audacious incursion into Russia’s Kursk region. This story is breaking and will be updated.

Persons: ‘ Organizations: CNN, US Treasury, State, United Arab Emirates, Treasury Department, –, Ukrainian, Treasury, State Department, State Atomic Energy Corporation Locations: United States, Ukraine, Russia, China, Switzerland, Turkey, Moscow, Russia’s Kursk, Russian

☆ Here are Monday's biggest analyst calls: Nvidia, Amazon, IBM, Micron, Apple, Tesla, Broadcom, Planet Fitness, UnitedHealth & more
▼ + stars: | 2024-06-24 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Morgan Stanley initiates Ryder System as overweight Morgan Stanley said the transformation is underway for the transport company. " Morgan Stanley names UnitedHealth a top pick Morgan Stanley said the health-care company is compelling. "With this note, we are adjusting our Top Pick to UNH (from CI), where its relative share price performance presents an opportunity in our view." Morgan Stanley initiates Elevance Health as overweight Morgan Stanley called out Elevance Health's earnings power as it initiated coverage of the stock. " Melius reiterates Apple as buy Melius raised its price target on Apple to $260 per share from $227.

Persons: Jefferies, kingmaker, CARR, Goldman Sachs, Goldman, Morgan Stanley, Ryder, UnitedHealth, Bernstein, Tesla, TD Cowen, TD, it's, Melius, BEV, Eli Lilly, LLY Organizations: Nvidia, Citi, Micron, Carrier, UBS, Anheuser, Busch InBev, IBM, Bank of America, Broadcom, VMWare, CI, Elevance Health, Cherniere Energy, Cheniere Energy Inc, Ally, Barclays, Apple, " Bank of America, Alexa, Reuters, China, JPMorgan, Royal Locations: LLY, Royal Caribbean

☆ Buy quality tech stocks that are immune to high inflation and rates, Trivariate Research says
▼ + stars: | 2024-05-24 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

As inflation lingers at a generational high, some stocks stand out for their ability to help investors hedge against the effect of high interest rates better than others. "What ensued was a massive negative correlation between the perception about interest rates and the valuation of growth companies from late in 2021." While a basket of high-quality growth stocks used to be negatively correlated to inflation, meaning their stock prices suffered as inflation turned higher, Trivariate says the relationship has since changed. "Today, the correlation of the high-quality growth basket to our inflation basket is zero," the firm said. In the same report, Trivariate Research shared its basket of high-quality names in the technology sector that have a near-zero correlation to its inflation basket.

Persons: Adam Parker, Morgan Stanley, Trivariate, Morgan Stanley —, Meta Marshall, Raymond James, there's, Simon Leopold, Michael Bloom Organizations: Research, Trivariate, Keysight Technologies, Technologies, JPMorgan, VMware, Broadcom Locations: United States

☆ Nvidia hit the quarter and guidance out of the park. We don't see that changing
▼ + stars: | 2023-11-21 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

Bottom line This was a very strong quarter, with almost nothing to nitpick. This year's rapid Data Center sales growth we've seen has been driven largely by cloud providers and enterprises. Sales to China and other impacted regions have, in the past few quarters, accounted for 20% to 25% of Data Center sales. However, the team added that they "believe the decline will be more than offset by strong growth in other regions." Guidance Looking ahead to Nvidia's fourth quarter of fiscal 2024, we once again got far stronger guidance than Wall Street was modeling.

Persons: We're, Ada Lovelace, Jim Cramer's, Jim Cramer, Jim, Jensen Huang Organizations: Nvidia, Revenue, Automotive, Data Center, Microsoft, Oracle, U.S, Data, Gaming, Ada, Nvidia's Automotive, Wall, CNBC, Getty Locations: China, Taiwan

☆ Lumen Technologies tops third-quarter revenue estimates on strong demand
▼ + stars: | 2023-10-31 | by ( ) www.reuters.com time to read: +1 min

Oct 31 (Reuters) - Telecommunications services firm Lumen Technologies (LUMN.N) beat Wall Street estimates for third-quarter revenue on Tuesday, helped by strong demand for its services as businesses digitize their operations. The Monroe, Louisiana-based company posted revenue of $3.64 billion for the quarter ended Sept. 30, beating analysts' average estimate of $3.61 billion, according to LSEG data, but fell 17% from a year earlier. The proposed sale of Lumen's EMEA business is expected to close on Wednesday, subject to meeting customary closing conditions, the company said. The company said its long-term debt at the end of the third-quarter was $19.74 billion. Lumen posted a net loss of $78 million for the quarter compared with a reported net income of $578 million a year earlier.

Persons: Lumen, Kate Johnson, Johnson, Jaspreet Singh, Krishna Chandra Organizations: Telecommunications, Lumen Technologies, EMEA, California's Department of Technology, Thomson Locations: Monroe , Louisiana, Bengaluru

☆ Drug retailer Rite Aid files for bankruptcy, gets $3.45 bln commitment
▼ + stars: | 2023-10-16 | by ( ) www.reuters.com time to read: +2 min

A woman shops inside a Rite Aid store underneath a DeepCam security camera in New York City, New York, U.S., June 25, 2020. The bankruptcy process will allow Rite Aid to resolve litigation claims in an "equitable manner", the company said. Rite Aid has appointed Jeffrey Stein as its new CEO and chief restructuring officer, replacing interim CEO Elizabeth Burr. Rite Aid has also reached an in-principle agreement with some of its senior secured noteholders that would significantly reduce its debt. MedImpact will serve as the 'stalking horse bidder' in a court-supervised sale process, Rite Aid said.

Persons: Lucas Jackson, Jeffrey Stein, Elizabeth Burr, Stein, Burr, noteholders, Abinaya Vijayaraghavan, Mariam Sunny, Sriparna Roy, Shweta Agarwal, Pooja Desai Organizations: REUTERS, Rite Aid Corp, U.S, Aid, Walgreens Boots Alliance, CVS Health, MedImpact Healthcare Systems, Solutions, Rite Aid, Bankruptcy, District of, Thomson Locations: New York City , New York, U.S, District of New Jersey, Bengaluru

☆ How AirTags and luggage trackers became the hottest travel accessory
▼ + stars: | 2023-06-17 | by ( Julia Buckley | ) edition.cnn.com time to read: +16 min

That’s right: compact, portable and potentially snatching your perfect vacation from the jaws of lost luggage disaster, the travel accessory of the moment is the humble luggage tracker. “There remain significant problems with lost luggage this year, and this is likely to be worse still in the peak travel period this summer. Possibly because he was one of many: “At one point the agent I was emailing with told me that the building had thousands of lost bags,” he said. Elliot SharodElliot Sharod was one of the first to go viral for tracking his lost luggage through its AirTag. Both Lufthansa and Air New Zealand seemingly banned bag trackers in the hold last year – before swiftly reversing the ban in both cases.

Persons: ” Thomas Romig, Rory Boland, That’s, you’ve, Kate Bevan, it’s, you’ll, you’re, ”, Boland, Jai Rawat, Jai Rawat Jai Rawat, “, –, Virgin, – Rawat, he’d, Rawat, James D, Morgan, Emily McNutt, ” Boland, ’ Elliot Sharod's, Elliot Sharod Elliot Sharod, Sharod, they’re, Bevan, Andrew Kelly, SITA, David Lavorel, Jonas Walzberg, It’s, Boland – Organizations: CNN, Airports, International, SITA, Virgin Atlantic, London Heathrow, Heathrow, Rawat, ‘ Airlines, Samsung Galaxy, “ Passengers, Aer Lingus, Google, Samsung, Apple, Lufthansa, Air New, FAA, Airlines, Reuters, Delta, Twitter, “ Locations: –, London, San Francisco, California, South Africa, Air New Zealand

☆ Mediobanca sells bad loan purchase business ahead of new plan
▼ + stars: | 2023-05-22 | by ( ) www.reuters.com time to read: +2 min

Banca IFIS (IF.MI) agreed to buy Revalea, a unit Mediobanca set up last year by separating purchasing from management of bad debts. It was the second deal announced by Mediobanca in days as it prepares to present a new business plan through 2026 on Wednesday. Revalea, with a staff of 22, holds 6.8 billion euros in unsecured bad loans, which have a net book value (NBV) of 256 million euros. However, by freeing the bank of bad loans, the deal will add around 10 basis points to core capital, it said. The acquisition will allow IFIS to achieve a bad loan purchase target of 30 billion euros in gross terms and 1.8 billion net set out under its 2022-2024 plan.

☆ NYSE to bust erroneous CDW Corp trades as shares briefly dive 96%
▼ + stars: | 2023-05-18 | by ( Medha Singh | ) www.reuters.com time to read: +2 min

May 18 (Reuters) - NYSE Arca Equities is looking into likely erroneous trades in the shares of IT solutions provider CDW Corp (CDW.O) after they briefly plunged as much as 96% to $7 in premarket trading on Thursday. The exchange operator, owned by Intercontinental Exchange (ICE.N), said it would bust all trades in the stock between 04:00 a.m. CDW Corp shares quickly recouped most of their losses and were last down 0.7% at $172.09 before the bell. ET, closed at $173.25 with a market value of $23.35 billion on Wednesday. CDW Corp and CaliberCos did not immediately respond to a Reuters requests for a comment.

☆ US exchanges to bust erroneous CDW Corp trades after shares briefly dive 96%
▼ + stars: | 2023-05-18 | by ( Medha Singh | ) www.reuters.com time to read: +2 min

They would bust all trades in the stock between 04:00 a.m. CDW Corp shares quickly recouped most of their losses and were last up 0.2% at $173.50. ET, closed at $173.25 with a market value of $23.35 billion on Wednesday. Scottsdale, Arizona-based CaliberCos jumped 44.8% to $8.65, a day after it jumped in its Nasdaq debut to notch a market value of $123.7 million. CDW Corp and CaliberCos did not immediately respond to a Reuters requests for a comment.

☆ Data company Palantir to help Ukraine prosecute alleged Russian war crimes
▼ + stars: | 2023-04-22 | by ( Jeffrey Dastin | Thomson Reuters | Jeffrey Dastin Is A Technology Correspondent For Reuters Based In San Francisco | ) www.reuters.com time to read: +2 min

April 22 (Reuters) - Ukraine plans to deploy software from U.S. data analytics provider Palantir Technologies Inc (PLTR.N) to help it prosecute alleged war crimes committed by Russia, the company told Reuters. Palantir, which has supplied Ukraine with systems to help it target Russian tanks and support refugees, is now working with the prosecutor general's office to help investigators across Europe pool and process data, the company said. Moscow has denied attacking civilians or perpetrating war crimes. Any successful war crimes prosecution will require Ukraine to navigate overlapping court jurisdictions and furnish evidence despite often restricted access to suspects or crime scenes. A U.N.-mandated investigative body last month accused Russia of war crimes, though its chair said it had not found evidence of genocide, which is being investigated by Ukraine.

☆ Silicon Valley Bank signed exclusive banking deals with some clients, leaving them unable to diversify
▼ + stars: | 2023-03-12 | by ( Rohan Goswami | ) www.cnbc.com time to read: +4 min

All required the companies to open or maintain bank accounts with SVB and use the firm for all or most of their banking services. Silicon Valley Bank had exclusivity clauses with some of its clients, limiting their ability to tap banking services from other institutions, SEC filings show. Upstart held its IPO in 2020, two years after DocuSign's debut. As with Upstart, SVB set strict limits on the value and type of accounts that Sprout could hold elsewhere. The contract included an exception for international bank accounts but required that Limelight use only SVB's business credit cards.

☆ Nvidia pops after strong quarter, guidance — showing why the stock still has long-term promise
▼ + stars: | 2023-02-22 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

Nvidia (NVDA) reported better-than-expected fiscal 2023 fourth-quarter results after the closing bell Wednesday and a strong current-quarter forecast. As of Wednesday's close, Nvidia has been one of our best performers in 2023, up 42% this year. Essentially, this service provides customers the ability to access an Nvidia DGX super-computer with nothing more than their browsers and allows them to access Nvidia AI Enterprise for "training and deploying large language models or other AI workloads." Guidance Looking ahead to fiscal 2024 first quarter, management forecasted better-than-expected sales, adjusted gross margin and capital expenditures on a non-GAAP basis. Capital Allocation In its fiscal 2023 fourth quarter, Nvidia returned a total of $1.15 billion to shareholders via dividends and buybacks.

☆ Crippling power shortages hit South Africa's Telkom Q3 profit
▼ + stars: | 2023-02-14 | by ( ) www.reuters.com time to read: +2 min

JOHANNESBURG, Feb 14 (Reuters) - South African telecoms group Telkom (TKGJ.J) said on Tuesday its third-quarter core profit declined by 13.5% as crippling power cuts inflated costs and impacted its service revenue. The operator also announced a cost savings programme to improve profit, which drove its shares up 6.33% by 0921 GMT. The telecom industry specifically is having to crank up diesel generators to power its vast towers, rollout additional batteries and increase security at these sites to protect them from theft, additional costs that are putting pressure on their margins. The blackouts resulted in a year-on-year increase of more than 150 million rand ($8.41 million) of additional costs for the quarter. ($1 = 17.8439 rand)Reporting by Nqobile Dludla; Editing by Robert BirselOur Standards: The Thomson Reuters Trust Principles.

☆ Hackers hit websites of Danish central bank, other banks
▼ + stars: | 2023-01-10 | by ( ) www.reuters.com time to read: +1 min

COPENHAGEN, Jan 10 (Reuters) - Hackers have disrupted access to the websites of Denmark's central bank and seven private banks in the country this week, according to the central bank and an IT firm that serves the industry. The websites of the central bank and Bankdata, a company that develops IT solutions for the financial industry, were hit by so-called distributed denials of service (DDoS), which direct traffic towards targeted servers in a bid to knock them offline. A spokesperson for the central bank said its website was working normally on Tuesday afternoon and the attack did not impact the bank's other systems or day-to-day operations. Access to the websites of seven private banks was briefly restricted on Tuesday after the DDoS attack on Bankdata, a company spokesperson said. The banks included two of Denmark's largest, Jyske Bank (JYSK.CO) and Sydbank (SYDB.CO), he said.

☆ How a hybrid work model can offer multiple advantages to the small businesses willing to take the leap
▼ + stars: | 2022-12-09 | by ( Sponsor Post | Created Insider Studios With Dell Technologies | ) www.businessinsider.com time to read: +7 min

Many small businesses could benefit from hybrid work, but are discouraged by concerns about productivity, security, and IT capacity. A number of tools from Microsoft and Dell Technologies can be tailored to provide support. Of course, no two small businesses are exactly alike, and each one will have slightly different needs, priorities, and goals for their day-to-day operations as we enter the post-covid era. Find out more about how Dell and Microsoft can help your hybrid work solution. This post was created by Insider Studios with Dell Technologies

☆ U.S. blacklists companies for aiding Russian military
▼ + stars: | 2022-12-07 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

WASHINGTON, Dec 7 (Reuters) - The Biden administration on Wednesday added 24 companies and other entities to an export control list for supporting Russia’s military or defense industrial base, Pakistan's nuclear activities or for supplying an Iranian electronics company. The companies include Fiber Optic Solutions in Latvia, which produces fiber optic gyroscopes and other equipment and Russia's AO Kraftway Corporation PSC, which calls itself one of the biggest Russian IT companies. Also on the list are Russian AO Scientific Research Center for Electronic Computing, LLC Fibersense, and Scientific Production Company Optolin, AO PKK Milandr; Milandr EK OOO; Milandr ICC JSC; Milur IS, OOO; (OOO) Microelectronic Production Complex (MPK) Milandr; and Ruselectronics JSC and Swiss based Milur SA. The Biden administration also added 10 companies in Pakistan and UAE that it says pose unacceptable risks of using or diverting items for Pakistan's unsafeguarded nuclear activities or are involved Pakistan's "nuclear activities and missile proliferation-related activities." Suppliers of U.S. goods must seek a special a difficult-to-obtain license before shipping to companies added to the list.

☆ 4 social-media managers say the job requires long hours and unrealistic expectations. They share the breaking points that made them quit.
▼ + stars: | 2022-10-29 | by ( Jacqueline Gualtieri | ) www.businessinsider.com time to read: +11 min

While the social-media profession continues to grow in popularity, many social-media managers are deciding to leave their positions for greener pastures. According to Zippia, 29% of social-media managers stay in their roles for less than a year. Even though 70% of social-media managers wanted to be promoted, only 40% saw any possibility to advance where they were, according to the 2020 study. Insider spoke with four social-media managers about how they reached a breaking point in their corporate jobs and what they've chosen to do now instead. Through working with other social-media managers, she's seen how things have changed since her days of working in their shoes.

☆ India's Coforge posts Q2 profit beat as deal wins remain intact
▼ + stars: | 2022-10-20 | by ( ) www.reuters.com time to read: +2 min

BENGALURU, Oct 20 (Reuters) - Indian IT solutions provider Coforge Ltd (COFO.NS) reported a 37% rise in second-quarter profit on Thursday, beating analysts' estimates, as it won more orders, including large deals. The company's profit of 2.01 billion Indian rupees ($24.3 million) in the quarter was higher than analysts' expectation of 1.97 billion rupees, according to IBES data from Refinitiv. The IT services provider said revenue from operations surged 24.8% year-over-year to 19.59 billion rupees, boosted by big orders from insurance, banking and financial services companies. Coforge said it signed two deals worth over $30 million during the quarter, after securing two large deals, including one worth over $50 million, in the previous quarter. The company's orders intake stayed above $300 million for the third consecutive quarter, clocking $304 million in the latest three-month period.

☆ Salesforce has quietly become a giant government contractor, racking up over 1,400 deals with federal agencies in the last five years
▼ + stars: | 2022-09-29 | by ( Caroline Haskins | ) www.businessinsider.com time to read: +3 min

Salesforce has become a big software seller to the government, with over 1,400 contracts since 2017. Salesforce has become a prolific contractor with US government agencies, nearly quadrupling the number of government contracts it has engaged with in the past five years. The cloud-software giant has landed at least 1,443 contracts with government agencies since 2017. In comparison, Salesforce had engaged in only 363 government contracts between December 1, 2005, and September 1, 2017. All but two of these contracts were executed using third parties that sold its technology to government agencies.

☆ How AI service startup Aisera is helping companies embrace machine learning to automate tasks
▼ + stars: | 2022-09-27 | by ( Emilia David | ) www.businessinsider.com time to read: +5 min

His startup, Aisera, uses machine learning and natural language processing to resolve customer service, IT, sales, and operations problems by integrating with a host of enterprise applications like Zendesk, Salesforce, Amazon Web Services, and ServiceNow. The startup also offers a conversational AI service, or a chat service, in multiple languages that is meant to quickly resolve certain issues. Funding for AI, machine learning, and data analysis grew to $115 billion in 2021, according to PitchBook data. For example, Dave uses Aisera's conversational AI for its around-the-clock customer service, allowing the startup to resolve customer questions before handing off to a human if the question is more complicated. "Thanks to Shelly, Chegg's global service desk technicians can better focus on solving complex issues and proactive support."

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