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☆ Private Equity Is Pouring Billions of Dollars Into Restaurants. Yikes.
▼ + stars: | 2024-12-12 | by ( Corey Mintz | ) www.businessinsider.com time to read: +16 min

Between 2009 and 2018, the number of fast-casual restaurants in America doubled, while sales have nearly tripled. When the gravy train stops, fast-casual restaurants are going to be in trouble. To understand why private equity is pouring money into restaurants, we have to start with the appeal of the fast-casual model. The limited menu enables both fast-food and fast-casual restaurants to be efficient, keep costs down, and avoid losses from food waste and labor. Because a lot of the weaker players have been weeded out," Susskind says about fast-casual restaurants.

Persons: Charles Grodin, Robert DeNiro, I've, Blackstone, Cava, Alex M, Susskind, that's, Chris Macksey, Olive Garden, Smokey Bones —, Tracy Goh, Damaran Sara, Goh, Talia Berman, Levy, Berman, Moshe Batalion, Thomas Crosby, Crosby, they've, It's Organizations: Sycamore Partners, Bowls, Lobster, Taco Bell, Cornell University, Prix Fixe, Nabisco, Darden, Investment, RioCan, Independent, Pal's, Harvard, University of Chicago's Booth School, Business, Cornell, Rubio's, Mill, Capital Locations: Jersey, America, Manhattan, Taco, Olive, Cava, San Francisco, New York's, Tennessee, Florida, United States, California

☆ Gadhimai festival: Buffaloes, goats, pigeons killed in Nepal mass sacrifice that activists say needs to end
▼ + stars: | 2024-12-09 | by ( Esha Mitra | ) edition.cnn.com time to read: +6 min

Participants believe that sacrificing animals in the Gadhimai temple pleases the Goddess Gadhimai, who will then grant them wishes or good fortune. Hindu devotees observe baby male buffaloes prepared for sacrifice during the Gadhimai Festival in Nepal's Bara district. Cattles are prepared to offer to please Gadhimai at Gadhimai temple in Bariyapur, Bara, Nepal. Buffaloes are rescued by HSI/India at Indo-Nepal border checkpoints ahead of this year's Gadhimai festival. Hindu devotees travel with a goat of Gadhimai Festival in Baryarpur on December 2, 2019.

Persons: Gadhimai, Nepal’s, Shyam Prasad Yadav, HSI ‘, Upendra Kushwaha, ” Kushwaha, Kushwaha, ” Shristi Bhandari, Jane Goodall, HSI, Navesh Chitrakar, ”, Yadav, Bhandari, ” Bhandari, Shaili Shah, ” Sneha Shrestha, Prakash Mathema, Shrestha, there’s, ” Shrestha Organizations: CNN, Animal, Humane Society International India, Jane Goodall Institute Nepal, Reuters, Volunteers, Indian Supreme, . Buffaloes, Humane Society, Federation of Animal Welfare, Getty Locations: Bariyarpur, Nepal, India, Gadhimai, Nepal's Bara, HSI India, Bariyapur, Bara, Baryarpur, AFP

☆ Insuring deliveries against porch pirates requires some surprisingly tricky math, but one founder says he's figured it out
▼ + stars: | 2024-12-07 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +4 min

More than 58 million Americans have had packages stolen in the past year, per a recent survey. PorchPals founder James Moore explains the surprisingly tricky math needed to solve the problem. Moore told BI that PorchPals used three separate actuarial teams working independently on the problem to reach a comparable risk profile. AdvertisementOf course, some households experience multiple thefts, and PorchPals estimates the number of stolen packages at around 119 million last year. "In porch theft it's different.

Persons: PorchPals, James Moore, Moore, Lockton, It's Organizations: Actuarial Resources, PorchPal's underwriters, Lloyds, London's, Syndicate Locations: California

☆ Putin put a hit on a double agent because he knew the source of the Russian leader's riches: UK intel
▼ + stars: | 2024-12-02 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

AdvertisementPutin ordered the assassination of Sergei Skripal in the UK in 2018, a UK intelligence chief said. Skripal reportedly knew about the Russian president's secret wealth. Vladimir Putin likely ordered the assassination of former spy Sergei Skripal because he knew about sources of the Russian president's illicit wealth, according to UK officials. Allen also told the inquiry that he took at "face value" Skripal's claim that he was likely targeted because he knew about the Russian president's sources of wealth, according to the Guardian. Skripal turned double agent in 1995 when he was recruited by the UK's Secret Intelligence Service, MI6.

Persons: Putin, Sergei Skripal, Skripal, Vladimir Putin, Yulia, Dawn Sturgess, Charlie Rowley, Sturgess, Rowley, Jonathan Allen, Allen Organizations: Moscow, Police, Foreign, Development, Politico, Guardian, Kremlin, Business, Intelligence Service, MI6, Russian Locations: Salisbury, UK, Russia, Amesbury, Dawn, London, Commonwealth, Moscow, Britain

☆ How athletes turned entrepreneurs optimize payments for their sports retail businesses
▼ + stars: | 2024-11-04 | by ( Sponsored Paypal | ) www.businessinsider.com time to read: +4 min

Cricket player Jamie Harvey and foosball player Oke Harms turned their love of sport into business. German national foosball player Oke Harms launched his online store Kickerkult.de in 2008 to serve fellow foosball enthusiasts with equipment and training. "The beginning of the business was pretty hard because it was uncommon at that time to order a foosball table online," Harms said. Cricket-Hockey has seen success by offering its customers flexible payment options, such as PayPal Pay Later, which helped sales grow over time. "PayPal gives our customers many payment methods, whether they shop online or in-store," Harms said.

Persons: Jamie Harvey, Oke Harms, Harvey, Harms, it's, Ose Harms, Sophie Wedgwood, " Harms, Kickerkult, 1Available Organizations: Cricket, Hockey, Southern Premier League, PayPal, Insider Studios

☆ A lawsuit accuses Bain Capital's PowerSchool of trafficking in student data. The edtech giant says everything it does is legal.
▼ + stars: | 2024-11-04 | by ( Laura Italiano | ) www.businessinsider.com time to read: +10 min

PowerSchool sells student data without parents' informed consent, a federal lawsuit alleges. Related storiesPowerSchool spokesman Austin Zerbach told BI that no PowerSchool product sells any form of student data. The public disclosures of PowerSchool say the edtech company "may" collect data such as "extracurricular program membership" and "student assessments." AdvertisementTechnology can easily re-identify anonymized student data, said Chad Marlow, senior policy counsel at the ACLU, where he focuses on privacy, surveillance, and technology issues. "No PowerSchool product, including Connected Intelligence P20W, sells any form of student data," the spokesman said.

Persons: PowerSchool, —, It's, Emily Cherkin, Cherkin, Hardeep Gulati, PowerSchools, Austin Zerbach, Zerbach, it's, — they're, Julie Liddell, Chad Marlow, Marlow, Liddell, James Donato, PowerSchool's Bain, The Bain Organizations: Service, Bain Capital, PowerSchool, Technology, ACLU, Data Systems, US, Apple, Vista Equity Partners, Vista Equity, Onex Partners, NYSE, The, KKR, Co, Instructure Holdings, Inc Locations: San Francisco, Seattle, Folsom , California, Boston, Austin , Texas, Salt Lake City

☆ PayPal drops more than 6% premarket on revenue miss
▼ + stars: | 2024-10-29 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +2 min

A PayPal sign is seen at its headquarters in San Jose, California, Jan. 30, 2024. PayPal reported better-than-expected third-quarter earnings on Tuesday, but revenue came in a bit light of expectations. PayPal reported net income of $1.01 billion, or 99 cents per share, compared to $1.02 billion, or 93 cents per share, a year earlier. "PayPal delivered strong financial and operating results during a highly productive third quarter," Chriss said in the earnings release. PayPal reported total active accounts of 432 million, up 1% from a year earlier, and beating the average estimate of 430.5 million.

Persons: Alex Chriss, Chriss Organizations: PayPal, LSEG, Meta Locations: San Jose , California, Braintree

☆ Srini Venkatesan Is Using AI to Create PayPal Personalization Features
▼ + stars: | 2024-10-24 | by ( Eugene Kim | ) www.businessinsider.com time to read: 1 min

Venkatesan, the executive vice president and chief technology officer of PayPal, is in charge of the payment company's new AI-driven personalization products. In this role, Venkatesan uses PayPal's 200 petabytes of transaction data to help small businesses and large enterprises sell more products and to help save money for consumers. Before joining PayPal in June, Venkatesan was EVP of the Walmart US Omni Platforms and Tech organization, where he helped use AI to blur the lines between offline and online shopping. See Business Insider's full AI Power List

Persons: Venkatesan Organizations: PayPal, Walmart, Omni, Tech

For Love & Money is a column from Business Insider answering your relationship and money questions. Write to For Love & Money using this Google form. Dear For Love & Money,I am wealthy, and my friends always hint about their money problems. I don't know what to do. Write to For Love & Money using this Google form .

Persons: —, I've, you've, it's, doesn't Organizations: Business, Service Locations: Maui, tiptoe

The financial firm upgraded the athletic apparel stock to a buy rating from hold and raised its price target to $97 from $83. — Lisa Kailai Han 6:48 a.m.: Goldman Sachs trims Microsoft price target Goldman Sachs is still bullish shares of Microsoft , despite a minor price target adjustment. However, she accompanied the move by lifting her price target to $80 from $75. Analyst Andrew Mok accompanied the rating change by lifting his price target to $82 from $63. To be sure, he did raise his price target by $10 to $235, implying upside of nearly 10%.

Persons: Joseph Civello, Civello, Caitlin Clark, Lisa Kailai Han, Goldman Sachs, Kash Rangan, Rangan, Bernstein, Harshita Rawat, Venmo, Cash, Rawat, — Lisa Kailai Han, Shagun Singh, Singh, Medtronic, Andrew Mok, Mok, Stephen Tusa, Tusa, divestitures, YTD, Fred Imbert Organizations: CNBC, Barclays, JPMorgan, Honeywell International, Nike, Microsoft, PayPal, RBC, RBC Capital Markets, CVS, Aetna, Honeywell, Dow Jones Industrial Locations: buybacks, Wednesday's

☆ PayPal just opened a new ad business. The exec leading it unpacks the plan to link advertisers with its trove of transaction data.
▼ + stars: | 2024-10-10 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +5 min

PayPal is set to launch an ad business, starting in the US. AdvertisementPayPal is set to announce the official launch of PayPal Ads on Thursday. This new advertising business looks to help marketers tap into data on the billions of transactions that take place across its payments platforms. Users can opt-out of their data being shared with advertisers, PayPal said. Advertisement"Mastercard already has a data business," Webster said.

Persons: —, Mark Grether, Uber's, Grether, JiYoung Kim, Lyft, It's, Alex Chriss, Diego Scotti, Robert Webster, Webster, Dunn, Bradstreet Organizations: PayPal, Service, Business, Amazon, Walmart, Nordstrom, Ticketmaster, Chriss, Verizon, TAU Marketing Solutions, Mastercard Locations: York, Germany, Experian

☆ Stocks making the biggest moves premarket: Delta Air Lines, CVS Health, Nike and more
▼ + stars: | 2024-10-10 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Delta Air Lines – Shares fell nearly 5% after the airliner provided disappointing fourth-quarter revenue guidance . Delta anticipates revenue will rise between 2% and 4% from a year earlier, less than the 4.1% estimate, per LSEG. CVS Health – Shares of the pharmacy chain added 1.9% on the back on an upgrade to overweight from equal weight by Barclays. Specifically, the investment firm noted that the brand's share of mentions as a favorite is about 35% more than its overall market share. PayPal – The payments company fell 1.7% after Bernstein downgraded the stock to market perform from outperform.

Persons: Serge Saxonov, there's, Piper Sandler, Tesla, Bernstein, —, Alex Harring, Jesse Pound, Sarah Min, Pia Singh, Michelle Fox Theobald Organizations: Delta Air Lines, CVS, Barclays, GXO Logistics, Bloomberg, Logistics, Nike –, RBC Capital Markets, American, Group, JPMorgan, PayPal Locations: Americas

☆ Russian climbers die on Nepal’s Dhaulagiri peak, hiking company says
▼ + stars: | 2024-10-08 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +1 min

KATHMANDU, Nepal — Five Russian climbers who have been missing on Nepal's Mount Dhaulagiri since the weekend were found dead on the world’s seventh tallest mountain, their hiking company said on Tuesday. There had been no contact with the climbers, scaling the 8,167-meter (26,795-feet) peak without Sherpa guides, since Sunday night, when they reached a height of 7,700 meters (25,262 feet). "They might have been tied to the same rope," said Pemba, who goes by his first name. "One of them could have slipped on the slope and all five fell together." Mountain climbing in a key tourism activity in Nepal, home to eight of the world's 14 highest mountains, providing crucial employment and income.

Organizations: Sherpa, Russian Locations: KATHMANDU, Nepal, Dhaulagiri, Pemba, Kathmandu

☆ PayPal CEO's first year was praised by Wall Street, but hard part starts now for struggling payments company
▼ + stars: | 2024-10-01 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +12 min

Analysts across Wall Street saw rising competition and a declining take rate, or the percentage of revenue PayPal keeps from each transaction. Fast forward to today, and the picture is dramatically brighter for the 26-year-old Silicon Valley company and its 47-year-old CEO. Analysts are projecting roughly 6% revenue growth when PayPal reports third-quarter results in about a month, according to LSEG. Venture capitalist Oren Zeev has seen Chriss work with small businesses in another capacity. "He obviously brought a lot to the table with his vast experience with small businesses," Zeev said.

Persons: Alex Chriss, CNBC's David Faber, hadn't, Chriss, downgrades, Dan Dolev, Dolev, Susquehanna's James Friedman, he's, Friedman, Dan Schulman, Dana Stalder, He's, PayPal didn't, Isabel Cruz, Michelle Gill, Diego Scotti, Jamie Miller, Stalder, we've, Faber, Susquehanna's Friedman, That's, Will Ferrell, Ferrell, Fleetwood, hasn't, Sanjay Sakhrani, Sakhrani, SMBs, Oren Zeev, Zeev Organizations: PayPal Inc, PayPal, New York Stock Exchange, Mizuho Securities, CNBC, Apple Pay, Nasdaq, Meta, Matrix Partners, Intuit, Walmart, Verizon, Starbucks, Ticketmaster, Apple, Google, Shopify, Venture Locations: Wall, Braintree, EY, Venmo, U.S

☆ Nepal rains: Rescuers use zip lines and boats to reach survivors as flooding and landslides kill nearly 200 people
▼ + stars: | 2024-09-30 | by ( Helen Regan | ) edition.cnn.com time to read: +5 min

CNN —Days of heavy monsoon rains in Nepal have triggered widespread flooding and landslides across the Himalayan nation, killing almost 200 people and causing widespread destruction. Nepal's Armed Police Force rescues stranded people using a zip line from a flooded river in Lalitpur, Nepal, on September 28, 2024. Sunil Pradhan/Anadolu/Getty ImagesNepal Army personnel evacuates an infant using a kayak from a flooded residential area in Kathmandu, Nepal, on September 28, 2024. Prakash Mathema/AFP/Getty ImagesA woman carrying a chair walks along a muddy street that was flooded by the overflowing Bagmati River following heavy rains in Kathmandu, Nepal, on September 29, 2024. Navesh Chitrakar/ReutersA man cleans mud from his house in a flood-affected area following heavy monsoon rains in Kathmandu on September 29, 2024.

Persons: Subaas Shrestha, Sunil Pradhan, Dil Kumar Tamang, Navesh Chitrakar, Ellie Wirth, “ I’ve, ”, Arun Bhakta Shrestha, Prakash Mathema Organizations: CNN, Nepal's Armed Police Force, Anadolu, Getty Images Nepal Army, Nepal Armed Police Force, Nepal’s Ministry of Home Affairs, Reuters, Nepal Police, Associated Press, International Centre, Integrated Mountain Development, Getty Locations: Nepal, Kathmandu, Lalitpur, Dhading, Bhimeshwor, Dolakha, Pokhara, “, Katmandu, AFP, South Asia, Asia

☆ PayPal's crypto lead on allowing merchants to buy and sell virtual assets
▼ + stars: | 2024-09-25 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPayPal's crypto lead on allowing merchants to buy and sell virtual assetsCNBC's MacKenzie Sigalos reports on PayPal expanding services to allow merchants to buy and sell crypto: CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Jose Fernandez da Ponte of PayPal discusses the payments giant's expansion of crypto services to include merchants.

Persons: CNBC's MacKenzie Sigalos, explainers, Jose Fernandez da Ponte Organizations: PayPal, CNBC

☆ I moved from India to Europe for work and was living my dream. 10 years later, I walked away from it all.
▼ + stars: | 2024-09-16 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +5 min

Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. I spent the next three years with the company in India, then moved to the company's office in Dubai for two years, and then to Amsterdam. I enjoyed being done with work by 5 or 6 p.m. and having the rest of the day to myself. I'd been watching India's growth since I left and felt like I had missed the boom by leaving in 2014. I also felt like there was no career growth for me in Europe.

Persons: —, Sarvesh Rajagopal, it's, I'd, I'm Organizations: Service, United Arab, McKinsey, Business, ING, Indian Institute of Management Locations: United Arab Emirates, Netherlands, Germany, India, Dubai, Amsterdam, Berlin, Europe, Ukraine, Latin America

☆ She's climbed Mount Everest a record-setting 10 times. But her most terrifying moments weren't on the deadly mountain.
▼ + stars: | 2024-08-01 | by ( Maria Noyen | ) www.businessinsider.com time to read: +7 min

The 50-year-old is the subject of a Netflix documentary, "Mountain Queen: The Summits of Lhakpa Sherpa," out July 31. Directed by Lucy Walker, the film traces Sherpa's journey to summit Mount Everest a record-setting 10 times. She didn't summit Everest for fame, but to challenge herself and others not to give up. Everest was her refuge from a turbulent marriageThe Himalayan Database reported that Mount Everest has claimed the lives of more than 330 people since the early 1900s. Even though she'd conquered Everest, Sherpa tells BI that she only felt like a professional mountain climber after tackling K2.

Persons: —, Lucy Walker, Sherpa, Everest, George Dijmarescu ., Sunny, Dijmarescu, she'd, Matthew Irving, Everest —, — she's, she's Organizations: Service, Netflix, Lhakpa, Business, Foods, Mount, Netflix Sherpa, Sherpa, Everest Locations: Everest, West Hartford , Connecticut, Nepal, Mount Everest, Everest's, Kathmandu, Connecticut, West Hartford, Dijmarescu, Pakistan

☆ Nepal just suffered another fatal plane crash. Its aviation safety record is so poor that all its airlines are banned from flying to most of Europe.
▼ + stars: | 2024-07-24 | by ( Nora Redmond | ) www.businessinsider.com time to read: +1 min

18 people have died after a small passenger plane crashed during takeoff in Kathmandu, Nepal. Nepal has a poor aviation safety record and all of its airlines are banned from European airspace. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Advertisement18 people have died after a small passenger airplane crashed during takeoff in Nepal's capital city, Kathmandu. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Service, Saurya Airlines, Business Locations: Kathmandu, Nepal, Pokhara

☆ RBC's top stock ideas for the rest of the year include First Solar
▼ + stars: | 2024-07-09 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

As the third quarter kicks off, RBC Capital Markets added a solar company and oil giant to its list of Top 30 Global Ideas for 2024. RBC's list includes the firm's highest-conviction stocks offering strong, long-term upside potential that its analysts view as "well-positioned in the current environment." For the third quarter, RBC added solar solutions provider First Solar , oil giant Shell and global logistics provider Brambles to its list. The bank also removed Mastercard and Alnylam Pharmaceuticals , which was its best-performing stock in the group last quarter. Digital payments stock PayPal is another RBC pick, with its price target suggesting 42% potential upside over the next year.

Persons: Graeme Pearson, CrowdStrike, Matthew Hedberg, Hedberg, Daniel Perlin, Brambles Organizations: RBC Capital Markets, RBC, Mastercard, Alnylam Pharmaceuticals, Big Tech, Pearson, PayPal, Shell, Australian, RBC . Locations: U.S

☆ I'm a housekeeper in Palm Beach earning more than I ever imagined due to the influx of young, wealthy families to South Florida
▼ + stars: | 2024-06-30 | by ( Alexandra Bacon | ) www.businessinsider.com time to read: +7 min

Read previewThis as-told-to essay is based on a conversation with Marta Magarelli, 60, a housekeeper in Palm Beach, where housekeepers are in high demand. Now, I work as the executive housekeeper for a family in Palm Beach, earning far more than I ever imagined. Even though I hadn't had experience as an executive housekeeper before, I never let that stop me from taking on a new challenge. AdvertisementThe number of employees in these Palm Beach homes can easily rack up. The market for housekeepers in Palm Beach has changed a lot in recent yearsPalm Beach is a very expensive ZIP code.

Persons: —, Marta Magarelli, It's, Housekeepers, hadn't, it's, I've, housekeepers, I'd Organizations: Service, Business, housekeepers Locations: Palm Beach, Brazil, America, Florida, South Florida, New York

☆ A team of climbers just summited 3 of the most challenging peaks in the world. They made it even harder by collecting roughly 2,000 pounds of trash along the way.
▼ + stars: | 2024-06-18 | by ( Ellyn Lapointe | ) www.businessinsider.com time to read: +7 min

These three peaks — Mt. Everest, Mt. Professional mountaineer Garrett Madison has achieved the Everest triple crown not once, but twice — first in 2023, the deadliest Everest climbing season on record, and again this year. Plus, the climbers have to carry extra protective equipment like gloves and packages for transporting the trash down the mountain. Madison's cleanup project partners with both of these organizations in a united front against trash pollution on the world's tallest peaks.

Persons: —, Garrett Madison, he's, we've, Madison, PRAKASH MATHEMA, Everest haven't, Troy Aupperle, summitted, Aupperle, PIERRE BESSARD, it's, Alton Byers, Byers, It's Organizations: Service, Business, Madison, DOMA, Everest, Pollution Control Locations: Everest, Mt, Lhotse, Nuptse, microplastics

It's so treacherous to summit Mount Everest that human remains are a common sight on its frigid mountainside. Among the frozen bodies are many ethnic Sherpas — an Indigenous people who make up the majority of Everest climbing guides. AdvertisementSherpa Tenzing Norgay and Edmund Hillary were the first to successfully summit Mount Everest in 1953. AdvertisementClimbing Mount Everest can be deadly, no matter who you are. Mountaineers line up during their ascent to summit Mount Everest in Nepal.

Persons: —, Norgay, Edmund Hillary, Phurba Wangchhu, Sam Rashid, Rashid, it's, Andrew Murray, Geljen Sherpa, Rully Anwar, LAKPA SHERPA, Nachhiring Rai Organizations: Service, Everest, Business, University of Cambridge, Cambridge, NPR, International Federation of Mountain Guides Association, Nepal's Department of Tourism, World Bank, Mountaineers, Getty, Dawa Locations: Everest, Nepal, Kathmandu

☆ Stocks making the biggest moves premarket: Salesforce, Kohl's, Foot Locker and American Eagle Outfitters
▼ + stars: | 2024-05-30 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

Foot Locker — Shares rallied more than 12% in the premarket after the apparel and sneaker retailer reported first-quarter earnings that beat expectations . The company posted an adjusted profit of 22 cents per share, while analysts polled by LSEG expected earnings of 12 cents per share. The company's $3.18 billion revenue also came below the expected $3.34 billion. American Eagle Outfitters — Shares slipped 7% after the company posted weaker-than-expected sales in its fiscal first-quarter, despite beating on earnings. Analysts surveyed by StreetAccount were expecting a loss of 30 cents per share on $84.4 million of revenue.

Persons: Salesforce, Dan Dolev, Birkenstock, LSEG, Mary Dillon, Mike Mathias, StreetAccount, UiPath, Rob Enslin, — CNBC's Michelle Fox, Fred Imbert, Yun Li, Sarah Min, Jesse Pound, Pia Singh Organizations: PayPal, Mizuho, ISI, CNBC, LSEG, Revenue, American Eagle Outfitters, Finance, HP Locations: €

Daiwa raised its price target to $1,325 on Nvidia, calling for more than 15% upside. Mizuho, meanwhile, upgraded PayPal to buy from neutral with a price target that implies more than 45% upside. — Brian Evans 5:46 a.m.: Daiwa increases Nvidia price target, says company is AI's 'big winner' Shares of soaring chipmaker Nvidia have more room to run, according to Daiwa Capital Markets. Analyst Louis Miscioscia raised his price target on the chipmaker to $1,325 from $900, which implies more than 15% upside from Wednesday's close. Nvidia stock has gained roughly 132% in 2024, adding to last year's 238% surge, as investors cheer the company's AI prospects.

Persons: Daiwa, Mizuho, Okta's, OKTA, Peter Levine, Brian Evans, Maheep Mandloi, — Brian Evans, Baird, Michael Ha, Ha, Louis Miscioscia, Miscioscia, Dan Dolev, Dolev, Fred Imbert Organizations: CNBC, Nvidia, PayPal, Mizuho Securities, Solar Mizuho Securities, UnitedHealth, Daiwa, Markets, Mizuho, comm Locations: Wednesday's, OptumCare

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