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☆ Piper Sandler names Nvidia a top pick, sees shares rising nearly 20% after blockbuster year
▼ + stars: | 2024-11-11 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Nvidia is a 'most-own' stock, according to Piper Sandler. The investment firm named the semiconductor giant its top large-cap pick, citing the launch of Nvidia's upcoming Blackwell chip and lead within artificial intelligence computing. Analyst Harsh Kumar stood by his overweight rating on the stock and raised his price target to $175 from $140. Additionally, Nvidia's Blackwell chip should become available in the first quarter of next year and could bring in between $5 billion to $8 billion in revenue, Kumar said. "As supply improves, we see more customers coming on for Blackwell beyond initial hyperscaler adoption in the following April quarter," Kumar wrote.

Persons: Piper Sandler, Harsh Kumar, Kumar, Nvidia's Blackwell, Grace Blackwell Organizations: Nvidia, Blackwell, Microsoft, Meta

☆ 'Shadow Stand-Ins': How Workers Secretly Outsource Their Jobs
▼ + stars: | 2024-06-30 | by ( Rob Price | ) www.businessinsider.com time to read: +20 min

Related storiesThough Remi recruited people she knew, shadow stand-ins are often sourced from a complex online web of faceless providers. Facebook Groups are a popular forum for recruiting shadow stand-ins, providing a two-sided marketplace where workers and providers can connect to one another. The dustup highlighted a key drawback to shadow stand-ins: While alluring, things can go horribly wrong. "It required a lot of micromanaging," said a backend engineer in Pennsylvania who hired shadow stand-ins to help him juggle multiple jobs. Pay rates for shadow stand-ins are "definitely more than what people earn in their regular payday, that's for sure," he said.

Persons: Remi, Zer, couldn't, — Remi, Walter Keane, Margaret, Tim Ferriss, Raj Kumar, isn't, Kevin, Andrew, it's, Lorenzo Matteucci, Brandon Nowak, —, Amber Clayton, Tim Woodruff, Woodruff, they're, Ranjan, Kiran, Rahul, Peter Steele, Michel Anteby, doesn't Organizations: Business, Labor, Verizon, Southwestern, Facebook, Amazon Web Services, BI, Companies, Corporations, Society for Human Resource Management, Secret Service, Department of, Treasury, FBI, LinkedIn, Boston University Locations: Chicago, India, Pakistan, China, Southwestern US, Atlanta, San Jose , California, Bengaluru, American Java, Southeast Asia, United States, Colorado, Southern California, Pennsylvania, Washington, Indian, Michigan, Oregon, England

Stifel raised its price target on Nvidia to $165, implying more than 20% upside. Analyst Andrew Boone also set a price target of $38, corresponding to a nearly 22% increase from Tuesday's close. — Lisa Kailai Han 6:06 a.m.: Stifel raises its price target for shares of Nvidia Stifel raised its price target for Nvidia in a recent note. Roy added that his new price target was also based on his new earnings estimate for the fiscal year 2027. — Lisa Kailai Han 6:06 a.m.: KeyBanc raises Meta Platforms price target Strong ad momentum will drive more gains for Meta Platforms shares, according to KeyBanc.

Persons: Stifel, Piper Sandler, Kumar, Harsh, — Lisa Kailai Han, Andrew Boone, Life360, Boone, Nvidia Stifel, Ruben Roy's, Roy, Lisa Kailai Han, Justin Patterson, Patterson, Meta, Fred Imbert Organizations: CNBC, Nvidia, Devices, AMD, Life360, Automotive, Meta Locations: Tuesday's, Meta

☆ These strong performers are still cheap as the S&P 500 hits a fresh all-time high
▼ + stars: | 2024-05-15 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

The S & P 500 and Nasdaq Composite rallied to all-time highs Wednesday as a lighter-than-expected April consumer inflation report fueled investor sentiment. Analysts' consensus price target on United Airlines give the company the highest potential upside of the lot, at roughly 24%. HSBC analyst Achal Kumar recently initiated coverage on Delta alongside peers United Airlines and American Airlines , but named Delta its preferred stock in the sector. Kumar's $72.80 price target suggests 37% potential upside for the stock. The company posted a strong fiscal third-quarter report, which led Benchmark analyst Mark Miller to upgrade shares to buy last month.

Persons: Achal Kumar, Delta, Kumar, Mark Miller, General Motors Organizations: Nasdaq, Dow Jones, CNBC, Delta Air Lines, United Airlines, HSBC, Delta, American Airlines, Western, Automotive, General, Wall Street, Citigroup, Bank of America Locations: Delta

☆ India’s UPI: How e-payments have taken over, from sari shops to street food stalls
▼ + stars: | 2024-04-29 | by ( Amy Gunia | ) edition.cnn.com time to read: +6 min

“Digital payments are likely to enhance India’s growth by eliminating frictions, increasing efficiency, and reducing costs,” Eswar Prasad, an economics professor at Cornell University, told CNN. Covid-19 further boosted the adoption of digital transactions, as people tried to protect themselves from the virus. In 2023, the number of UPI transactions topped 100 billion. Azeez, a 34-year-old rickshaw driver in Old Delhi, told CNN that he’s too scared of losing money to use e-payments. Sania Farooqui/CNNConvenience aside, India’s digital public infrastructure has helped it achieve an 80% financial inclusion rate.

Persons: Brij Kishore, ”, Agarwal, tuk, India’s, Narendra Modi, Eswar Prasad, Old Delhi Sania Farooqui, Ramesh Kumar's, Sania Farooqui, Ramesh Kumar, he’s, Azeez, Prasad, Kapil Sharma, “ Organizations: Hong Kong / New Delhi CNN, ”, Unified, “, frictions, Cornell University, CNN, “ UPI, India, National Payments Corporation of India, UPI, Sarojini, Finance, Eiffel Locations: Hong Kong / New Delhi, Chandni, India’s Old Delhi, Delhi, India, Old Delhi, Sarojini, Covid

☆ These are Mizuho's top stock picks for April, including home retailers and an energy name
▼ + stars: | 2024-04-04 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Mizuho is out with its top stock picks for April, and the selections include home retailers and an energy company. The newest additions for April include Lowe's Companies and Wayfair , as well as cruise line operator Carnival . Energy giant Chevron was one company where Mizuho said its bullish outlook is greater than the rest of the Street. The $280 price target represents about 16% upside from Lowe's closing price on Wednesday. Other top picks include Intuit and Meta Platforms .

Persons: It's, Mizuho, Piper Sandler, it's, David Bellinger, Nitin Kumar, Vijay Rakesh Organizations: Mizuho, Nvidia, Lowe's, Energy, Chevron, Hess Corp, Intuit, Meta Locations: North Carolina

☆ An Indian science graduate was promised a job in Dubai but was tricked into fighting for Russia, reports say
▼ + stars: | 2024-03-03 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +3 min

One person said his brother had been promised a job in Dubai but ended up on the front lines in Ukraine. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementSome Indian nationals are being tricked into fighting for the Russian army after having been promised jobs in Dubai, Le Monde reported. About 20 Indians are thought to have fallen victim to similar schemes and are now caught on the front lines in Russia.

Persons: —, Le Monde, Aazad Yousuf Kumar, Baba Vlogs, Faisal Khan, Kumar's, Sajad Ahmad Kumar, Le Organizations: Russian, Service, Telegraph, United Arab Emirates, Indian Embassy, India's Ministry, External Affairs Locations: Dubai, Ukraine, Le, Russia, India, Russian, Rostov, Donetsk, Moscow, New Delhi

☆ Sprinters in the wind after anti-doping officials arrive at Delhi meet
▼ + stars: | 2023-09-27 | by ( Amlan Chakraborty | ) www.reuters.com time to read: +2 min

NEW DELHI, Sept 27 (Reuters) - By the time Lalit Kumar crouched at the starting blocks for the men's 100 metres final at the Delhi state athletics meet on Tuesday, the 20-year-old was only ever going to finish first. However, organisers suspect they pulled out after getting wind of the imminent arrival of officials from India's anti-doping agency (NADA). "An odd withdrawal is understandable, but when seven runners withdraw, you know something is fishy," Sandeep Mehta, secretary of the Delhi Athletics Association (DAA), told Reuters on Wednesday. Mehta also confirmed that some athletes from the meet did not turn up to collect their medals, raising more doping suspicions. The country ranked second behind Russia in anti-doping rule violations in a World Anti-Doping Agency (WADA) report published in May.

Persons: Lalit Kumar crouched, Kumar's, Sandeep Mehta, NADA, Mehta, Vimal Anand, WADA, Kumar, it's, Amlan Chakraborty, Peter Rutherford Organizations: Jawaharlal Nehru, cramp, Delhi Athletics Association, Reuters, Athletics Federation of, Doping Agency, Indian Express, Thomson Locations: DELHI, Delhi, Athletics Federation of India, India, Russia, New Delhi

☆ Top Wall Street analysts are upbeat about these dividend stocks
▼ + stars: | 2023-07-30 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +5 min

Here are five dividend stocks worth considering, according to Wall Street's top experts on TipRanks, a platform that ranks analysts based on their past performance. The company rewards shareholders through a quarterly base dividend, a variable dividend and share buybacks. For the first quarter, Chord declared a total cash dividend of $3.22 per share, including a variable dividend of $1.97 per share. Nonetheless, the analyst reiterated a buy rating on Energy Transfer stock with a price target of $17. For the first quarter of 2023, EOG declared a regular quarterly dividend of $0.825 per share, payable on July 31.

Persons: Scott Mlyn, Wall, Chord, Scott Hanold, Hanold, Elvira Scotto, Scotto, EOG, Nitin Kumar, buybacks, Kumar, Morgan Stanley Organizations: CNBC, IBM, Energy, RBC Capital, Resources, TipRanks Locations: Williston, CHRD, FCF, U.S, Delaware

☆ The war for hedge-fund talent has traders getting paid like star athletes
▼ + stars: | 2023-06-02 | by ( Matt Turner | ) www.businessinsider.com time to read: +3 min

Money is pouring into the hedge fund business, adding to a war for talent. Maybe a bunch of NBA or NFL players end up on a trading floor for charity. The war for talent is partly a reflection of hedge-fund performance. My colleague Alex Morrell wrote recently:After years of relative quiet, macro strategies at hedge funds surged back to life in 2022 amid rising interest rates, inflation, and geopolitical convulsions. Writing for Insider recently, hedge-fund recruiter John Pierson said that "the competition for investment talent is escalating, and finding top portfolio managers is no longer a contact sport — it's an all-out war."

Persons: Bloomberg's Nishant Kumar, Maureen Farrell, Rob Copeland, Tom Brady, Steph Curry, Lamar Jackson's, Alex Morrell, Brevan Howard, Rokos, John Pierson Organizations: Millennium, Citadel, Morning, NBA, New York Times, Times, Golden State Warriors, ESPN, NFL, Baltimore Ravens, Premier League

MUMBAI/SINGAPORE, June 1 (Reuters) - KKR & Co (KKR.N) is moving a managing director from India to Singapore to lead the firm's Southeast Asia private equity business, two familiar with the matter sources told Reuters, bolstering its personnel in the region. Kumar will work with Ashish Shastry, a partner who heads Southeast Asia and co-heads the firm's Asia Pacific Private Equity business. The move also comes as KKR strengthens its presence in India and Southeast Asia. It raised $15 billion for its fourth Asia-Pacific focused private equity fund in 2021, one of the region's largest for the asset class. KKR has been investing in Southeast Asia since 2005, and opened its Singapore office in 2012.

Persons: Prashant Kumar, Kumar, Ashish Shastry, Vini, Gaurav Trehan, Trehan's, Akshay Tanna, Sriram, Kane Wu, Mark Potter Organizations: KKR, Co, Asia Pacific Private Equity, The Wharton School, Indian Institute of Technology, JB Chemicals, TPG Inc, TPG, Associations, Reuters, Healthcare, Thomson Locations: MUMBAI, SINGAPORE, India, Singapore, Asia, Mumbai, Southeast Asia, Pacific, Philippines

☆ Punjab's Arshdeep back in his element after fixing no-ball tendency
▼ + stars: | 2023-04-23 | by ( ) www.reuters.com time to read: +2 min

The problem persisted in the subsequent home series against New Zealand but Arshdeep was back in his element against Mumbai. It helped me with the no-ball problem," he said after claiming 4-29 in the high-scoring heart-stopping match. But Cameron Green (67) and Rohit Sharma (44) led a robust reply from Mumbai and then Suryakumar Yadav smashed 57 off 26 balls. Arshdeep was even more impressive, conceding just two runs and breaking the middle stumps of Tilak Varma and Nehal Wadhera in successive deliveries. "I guess Danny you should come next to me and feel the heart beat - it's not even close to 120," a beaming Arshdeep said.

"These workers are at high risk of forced labour and severe destitution," said independent labour activist Andy Hall, whose team has been in contact with the migrant workers. The International Labour Organisation ranks deception, along with debt bondage stemming from the large recruitment fee, and passport seizure among its indicators of 'forced labour'. Two of Sivakumar's aides were arrested by anti-graft authorities this month over an investigation into recruitment of foreign workers. Malaysia has faced accusations of forced labour in manufacturing and palm oil production over the years, including some by the United States, which banned imports from several of its firms for such practices. A Bangladeshi official, speaking on condition of anonymity, told Reuters there were a "few hundred" of its citizens stuck in Malaysia without jobs.

☆ Exclusive: India's LIC reviewing Adani response to short seller's allegation
▼ + stars: | 2023-01-30 | by ( Nikunj Ohri | ) www.reuters.com time to read: +2 min

[1/2] Life Insurance Corporation of India (LIC) logo is seen displayed in this illustration taken February 20, 2022. REUTERS/Dado Ruvic/Illustration/FilesNEW DELHI, Jan 30 (Reuters) - India's Life Insurance Corporation (LIC) (LIFI.NS) said on Monday it was reviewing the Adani Group's response to scathing criticism by a U.S. short-seller and would hold talks with the group's management within days. State-run LIC, the country's largest insurer, says it has invested 364.7 billion rupees ($4.47 billion) in Adani companies, about 1% of its assets under management. "Of course we are studying the 413-page reply given by Adani Group," Kumar said. ($1 = 81.6120 Indian rupees)Reporting by Nikunj Ohri Editing by David Goodman and Raju GopalakrishnanOur Standards: The Thomson Reuters Trust Principles.

☆ Guards on India bridge struggled to control crowd before collapse, witnesses say
▼ + stars: | 2022-11-01 | by ( Shivam Patel | ) www.reuters.com time to read: +4 min

Local officials said about 400 tickets had been sold, although not necessarily to be on the bridge at the same time. "Then the bridge collapsed in front of our eyes," the 32-year-old construction worker said. The witnesses did not know whether the security guards had survived. Those arrested included ticketing clerks and three security guards who were on duty when the bridge collapsed, senior police official Ashok Kumar Yadav said. Reuters could not confirm whether the two guards who witnesses reported seeing at the bridge were among the three arrested.

☆ Analysis: Gaffe or insight? Deciphering Biden's unguarded answers
▼ + stars: | 2022-09-27 | by ( Trevor Hunnicutt | ) www.reuters.com time to read: +5 min

U.S. President Joe Biden speaks to reporters as he departs for Boston from Joint Base Andrews in Maryland, U.S., September 12, 2022. U.S. President Joe Biden's tendency to ad-lib in impromptu press situations is often referred to in Washington as his "gaffe" problem. After Biden spoke on defending Taiwan in a CBS News "60 Minutes" interview this month, officials quickly said that U.S. policy towards Taiwan is unchanged. His apparent willingness to commit U.S. forces to a battle in Taiwan clears up a long-standing disconnect in U.S. policy towards Taiwan. While Biden's off-the-cuff remarks sometimes reveal deeper truths about his policy or opinions, other times they are simply misleading.

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