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☆ Bernstein says this tech stock is its best idea for 2025, could be added to the S&P 500
▼ + stars: | 2024-12-02 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +1 min

Payments processing company Block is one of Bernstein's favorite stocks heading into 2025. Analyst Harshita Rawat, who holds an outperform rating on the stock, raised her price target on shares to $120 from $90. It also owns digital wallet company Cash App and buy-now-pay-later company Afterpay. "Looking into 2025, we see potential for mid-teens gross profit growth driven by incentives around increasing direct deposit penetration (the #1 driver of long-term growth), growth in borrow and commerce initiatives (e.g., Cash App and Afterpay on Cash App Card). The stock also has the potential for inclusion in the broad market S & P 500 index, she added.

Persons: Harshita Rawat, Rawat, Cash, — CNBC's Michael Bloom Locations: Friday's

☆ An under-the-radar Trump trade that will benefit from pro-crypto stance and deregulation
▼ + stars: | 2024-11-13 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

"But SQ has also come under regulators' scrutiny (FinCen, CFPB) recently around its Cash App and Afterpay businesses. The president-elect has taken a pro-crypto stance during his time on the campaign trail , pledging to ensure that the federal government does not sell off its bitcoin holdings. A more favorable regulatory environment could also spell gains for Visa , which has rallied around 19% this year, according to Bernstein. "While it is unlikely that the DOJ pulls the case, it's possible that President-elect Trump names a more pro-business Head, who might be more amenable to a weaker settlement with Visa." That stock has seen the biggest year-to-date gains of the three, rising around 24%.

Persons: Donald Trump's, Bernstein, Harshita Rawat, Rawat, Trump, Gary Gensler Organizations: U.S . Securities, Exchange, Visa, Department of Justice, DOJ, Trump, Mastercard, Discover Financial

☆ India bus crash: At least 36 dead after overcrowded bus skids into deep gorge
▼ + stars: | 2024-11-04 | by ( Story Associated Press | ) edition.cnn.com time to read: +2 min

Lucknow, India AP —A poorly maintained and overcrowded bus veered off the road and plunged into a deep gorge in northern India on Monday, killing at least 36 people and injuring several others, officials said. The bus was carrying around 60 people, and more than 20 have been injured, said Deepak Rawat, a senior state government official. He added that preliminary information suggested that the dilapidated bus skidded before tumbling down a 60 meter- (200-foot-) -deep gorge. In July, at least 18 people died after a double-decker passenger bus collided with a milk truck in Uttar Pradesh state. In May, a bus carrying Hindu pilgrims skidded and rolled into a deep gorge on a mountainous highway in Indian-controlled Kashmir, killing at least 21 people.

Persons: Deepak Rawat, Pushkar Singh, Vineet Pal, Pal Organizations: India AP, Authorities Locations: Lucknow, India, Almora district, Uttarakhand, Uttar Pradesh, Kashmir

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

☆ Stocks making the biggest moves midday: First Solar, Tesla, CVS, TD Bank and more
▼ + stars: | 2024-10-10 | by ( Pia Singh | In | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines in midday trading: First Solar — The solar stock slipped 8%, on pace for its worst day since July 15, after Jefferies cut its price target on the stock and said it expects First Solar's third-quarter report to disappoint. Tesla — The stock was little changed ahead of the electric vehicle maker's robotaxi event Thursday after the bell. Investors expect Tesla to announce a Cybercab robotaxi prototype alongside advancements in driver assistance features and artificial intelligence capabilities. CVS Health — The pharmacy chain's stock rose 1.8% following an upgrade at Barclays to overweight from equal weight. PayPal — The payments platform stock slipped 2.9% following a Bernstein downgrade to a market perform rating from outperform.

Persons: Jefferies, Stifel, Piper Sandler, Tesla, Bernstein, Harshita Rawat, Venmo, — CNBC's Lisa Han, Sean Conlon, Sarah Min, Hakyung Kim, Michelle Fox Organizations: Enphase Energy, Dominion Bank, Street Journal, GXO Logistics —, Bloomberg, Logistics, American, JPMorgan, CVS Health, Barclays, CVS, Genomics, PayPal Locations: Toronto, Canadian

☆ Bernstein analyst finally likes PayPal after correctly staying on sidelines for 3 years
▼ + stars: | 2024-07-31 | by ( Hakyung Kim | ) www.cnbc.com time to read: +1 min

After nearly three years of underperformance, PayPal is finally on track for positive momentum, according to Bernstein. Analyst Harshita Rawat upgraded shares to outperform, the first upgrade following a downgrade to market perform in 2021. When Bernstein downgraded PayPal three years ago, the firm cited concerns about rising competition, structural changes in the e-commerce sector and weak execution that was hurting the company's gross profit. Those fears materialized, with PayPal shares losing approximately 75% of their value since late July 2021. PayPal shares are up 8.3% in 2024, lagging the S & P 500's 15.9% gain.

Persons: Bernstein, Harshita Rawat, Rawat Organizations: PayPal

The company, Marion Biotech, bought the ingredient — propylene glycol (PG) — from trader Maya Chemtech India, as reported by Reuters. "Marion bought commercial-grade propylene glycol," said a second source, an investigator, who declined to be named while the inquiry is ongoing. International standards allow only trace amounts of EG and DEG in pharmaceutical-grade propylene glycol. The toxins were found in cough syrups exported to Gambia by the other Indian company, Maiden Pharmaceuticals. India made it mandatory for companies to have their cough syrups tested before export from June.

Persons: Marion, Deepak Sharma, Max, Vijay Kumar, Tuhin Bhattacharya, Mool Singh, Atul Rawat, Jaya Jain, Sachin Jain, Rohan Gupta, syrups, Maiden, Saurabh Sharma, Krishna, Jennifer Rigby, Olzhas, Sara Ledwith, Michele Gershberg, Deepa Babington Organizations: Reuters, Marion Biotech, Indian, EG, World Health Organization, Authorities, . Police, Marion, Court, Maya, Maiden Pharmaceuticals, WHO, Thomson Locations: DELHI, Uzbekistan, India, Delhi, Marion, Uttar Pradesh, Allahabad, Gambia, Indonesia, London, Almaty

☆ 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

☆ Zeci de mii de hinduși se îngrămădesc să se spele de păcate în Gange, în ziua în care India devine a 2-a cea mai afectată țară de COVID
▼ + stars: | 2021-04-12 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +2 min

Spitalele sunt copleșite de pacienți, iar experții sunt îngrijorați că urmează o perioadă și mai grea, potrivit digi24. Odată cu creșterea explozivă din ultimele zile, infecțiile confirmate de India au depășit luni totalul Braziliei, devenind a doua cea mai afectată țară din lume. Statul Maharashtra, care găzduiește capitala financiară Mumbai, a înregistrat aproape jumătate din noile infecții din țară în ultimele două săptămâni. Statul Uttarakhand, unde se află orașul pelerinajului de luni, a raportat 7.323 de cazuri noi de COVID-19 și 1.760 de decese. Autoritățile din Haridwar spun că durata festivalului a fost redusă și că implementarea măsurilor de distanțare socială este foarte complicată.

Persons: Kumbh, Narendra, . Locations: India, Haridwar, New Delhi, Braziliei, Statul Maharashtra, Mumbai

☆ Zeci de mii de hinduși se îngrămădesc să se spele de păcate în Gange; India este a 2-a cea mai afectată țară de COVID
▼ + stars: | 2021-04-12 | by ( ) www.jurnal.md time to read: +3 min

Spitalele sunt copleșite de pacienți, iar experții sunt îngrijorați că urmează o perioadă și mai grea, potrivit The Independent. India a depășit Brazilia și a devenit a doua cea mai afectată țară de COVID din lumeOdată cu creșterea explozivă din ultimele zile, infecțiile confirmate de India au depășit luni totalul Braziliei, devenind a doua cea mai afectată țară din lume. Statul Maharashtra, care găzduiește capitala financiară Mumbai, a înregistrat aproape jumătate din noile infecții din țară în ultimele două săptămâni. Statul Uttarakhand, unde se află orașul pelerinajului de luni, a raportat 7.323 de cazuri noi de COVID-19 și 1.760 de decese. Autoritățile din Haridwar spun că durata festivalului a fost redusă și că implementarea măsurilor de distanțare socială este foarte complicată.

Persons: Kumbh, Narendra, . Organizations: Independent Locations: Gange, India, Haridwar, New Delhi, Brazilia, Braziliei, Statul Maharashtra, Mumbai

☆ (foto) Zeci de mii de hinduși se îngrămădesc să se spele de păcate în Gange în ziua în care India devine a doua cea mai afectată țară de COVID
▼ + stars: | 2021-04-12 | by ( Onixmedia Srl | ) diez.md time to read: +3 min

Criticii premierului Narendra Modi și ai partidului său spun că festivalul a fost permis într-un moment atât de dificil pentru că guvernul nu a fost dispus să-i supere pe hindușii care sunt cei mai mari susținători ai formațiunii. India a depășit Brazilia și a devenit a doua cea mai afectată țară de COVID din lumeOdată cu creșterea explozivă din ultimele zile, infecțiile confirmate de India au depășit luni totalul Braziliei, devenind a doua cea mai afectată țară din lume. Statul Maharashtra, care găzduiește capitala financiară Mumbai, a înregistrat aproape jumătate din noile infecții din țară în ultimele două săptămâni. Statul Uttarakhand, unde se află orașul pelerinajului de luni, a raportat 7 323 de cazuri noi de COVID-19 și 1 760 de decese. Autoritățile din Haridwar spun că durata festivalului a fost redusă și că implementarea măsurilor de distanțare socială este foarte complicată.

Persons: Kumbh, Narendra, . Organizations: Independent Locations: Gange, India, Haridwar, New Delhi, Brazilia, Braziliei, Statul Maharashtra, Mumbai

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