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☆ Here are Friday's biggest analyst calls: Nvidia, Peloton, Chewy, Uber, Burlington Stores, BJ's Wholesale Club, Roku and more
▼ + stars: | 2024-08-23 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

JPMorgan downgrades Peloton to neutral from overweight "Following Thursday's +35% appreciation (vs. SPX -1%) we are moving from Overweight to Neutral rated as PTON's return to growth in CF Subs & Revenue remains challenging, & visibility is limited given secular & macro pressures." Wells Fargo reiterates Burlington Stores as top pick "We reiterate BURL as our "Top Pick" and see a highly visible growth/margin bull case unfolding in real time. The combination of 1) comp acceleration and 2) margin unlocks should be powerful, and we raise 2Q/FY numbers above Street. Wells Fargo upgrades BJ's Wholesale Club to overweight from equal weight "Margin investment is the right strategic shift despite n/t pain, and supplements robust member gains. Valuation is tricky, but comp ramp/return to algo in '25 point to upside."

Persons: Piper Sandler, Warby Parker, Uber, Nomura, Wells, BURL, Goldman Sachs, Bill.com, Guggenheim Organizations: Nvidia, RBC, Westlake, JPMorgan, CF Subs, Revenue, Bank of America, Waymo, Tesla, Burlington Stores, Wholesale

☆ Using the wrong USB-C charger could permanently ruin your new iPhone 15
▼ + stars: | 2023-09-14 | by ( Haley Tenore | ) www.businessinsider.com time to read: +3 min

Using low-quality USB-C chargers could make it easier to accidentally fry your phone. This is because some USB-C connectors don't have safeguards for electricity surges. This is the first time a new iPhone charger will be launched in over a decade. Apple recommends that iPhone owners use Apple chargers or other brands that meet certain safety regulations. MFi phone chargers have to pass safety regulations to make sure that users are not at risk while charging their devices.

Persons: Jessa Jones, Brian X, Chen, Jones Organizations: Service, Apple, New York Times, MFi, Amazon, Times Locations: Wall, Silicon

The expanding program — formally known as the System for Operative Investigative Activities, or SORM — was an imperfect means of surveillance. Russia’s telecom providers often incompletely installed and updated the technologies, meaning the system did not always work properly. At first, the technology was used against political rivals like supporters of Aleksei A. Navalny, the jailed opposition leader. Russian authorities turned to local tech companies that built the old surveillance systems and asked for more. The new technologies give Russia’s security services a granular view of the internet.

Persons: —, Aleksei A, Anton Cherepennikov, ”, Ksenia Ermoshina Organizations: Citadel, U.S . State Department, United, “, Citizen, University of Toronto, MFI Locations: Ukraine, United States, Russian, Russia

☆ Hit by climate change, farmers in Cambodia are risking everything on microfinance loans
▼ + stars: | 2022-12-27 | by ( Jenni Reid | ) www.cnbc.com time to read: +8 min

The loans are also seeing farmers put assets including their land up as collateral, even when the loans are high-interest and have short repayment windows. Taylor Weidman | Bloomberg | Getty ImagesNGOs estimate around 167,000 Cambodians have sold their land to pay microfinance loans over the last five years. A 2016 book published by the World Bank argued microfinance loans had reduced poverty and increased incomes in Bangladesh, and banking giant HSBC still promotes its funding of microfinance in the country. But the World Bank, an early and longstanding advocate of microfinance, has also been warning for years of risks including overindebtedness and the growing commercialization of the industry. In the capital Phnom Penh, she added, she commonly meets people working seven days a week to pay off spiraling MFI loans.

☆ TSX rises to 2-month high as materials sector jumps
▼ + stars: | 2022-11-08 | by ( Fergal Smith | Juliette Portala | ) www.reuters.com time to read: +2 min

The Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) ended up 114.40 points, or 0.6%, at 19,660.31, its highest closing level since Sept. 14. The materials group, which includes precious and base metals miners and fertilizer companies, added 4.7%. Copper rose 1.7%, while gold was up 2.2% at about $1,712 per ounce as the U.S. dollar and bond yields fell. Its shares rose 12.4% after the company reported quarterly results. Reporting by Fergal Smith in Toronto Additional reporting by Shashwat Chauhan in Bengaluru Editing by Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

☆ Why Russia accused China of copying its stealth fighter design
▼ + stars: | 2022-10-19 | by ( Alex Hollings | Sandboxx News | ) www.businessinsider.com time to read: +8 min

China is often accused of stealing plans for the US F-22 and F-35 to design its J-20 stealth jet. A Chinese J-20. Russia called out the J-20's similarities with the MiG 1.44 immediately after the Chinese fighter was revealedRussia's Su-47 Berkut forward-swept wing aircraft. REUTERS/StringerMikoyan has denied providing any kind of support for China's stealth fighter development which dates back to well before the J-20 was officially unveiled. "It looks like they got access … to documents relating to the Mikoyan — the aircraft that the Ministry of Defence skipped over in its tender to create a stealth fighter," he said.

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