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☆ Trump administration may try to reverse Biden-era climate policies: former U.S. energy secretary
▼ + stars: | 2024-11-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrump administration may try to reverse Biden-era climate policies: former U.S. energy secretarySteven Chu, former U.S. energy secretary, discusses U.S. President-elect Donald Trump's energy policies.

Persons: Steven Chu, Donald Trump's Organizations: Biden Locations: U.S

Attorney General Merrick Garland speaks at the Justice Department on Sept. 27. Chip Somodevilla / Getty ImagesHow Trump’s legal jeopardy has unfolded over the past year, in terms of both the criminal charges and his sweeping election victory, is unprecedented. The immediate goal of Trump’s legal team is to get that postponed indefinitely or otherwise dismissed. The Georgia election interference case against Trump remains tied up on appeals over ethical issues surrounding the district attorney. “The American people have re-elected President Trump with an overwhelming mandate to Make America Great Again," Trump Campaign Spokesman Steven Chung said in a statement.

Persons: Donald Trump, can’t, Jack Smith, Trump, —, “, ”, Chuck Rosenberg, General Merrick Garland, Chip Somodevilla, Smith, Trump’s, Steven Chung, ‘, ’, Richard Nixon, Joyce Vance, he’s, Lester Holt Organizations: NBC, Trump, DOJ, Justice, Justice Department, Washington , D.C, Justice Department’s, FBI Locations: Washington, York, Georgia, Washington ,, United States, U.S

☆ Tuesday analysts calls: Microsoft cut on worries over Open AI; Wells Fargo, Humana upgraded
▼ + stars: | 2024-10-08 | by ( Pia Singh | In | ) www.cnbc.com time to read: +6 min

A Wolfe Research analyst raised his view on troubled bank stock Wells Fargo, reasoning that regulatory and interest rate risks both are priced into the stock. However, analysts at Oppenheimer lowered their views on high-flying tech stock Microsoft on fears that OpenAI losses could hamper performance. Delta's stock price has gained nearly 23% this year, but is in the red for the quarter. Chubak sees downside to consensus 2026 earnings across the board for the group — but that the risk is better captured in the current valuation of major banks including Wells Fargo. WFC YTD line Wells Fargo stock performance Chubak upgraded Wells Fargo to outperform from peer perform and kept his $65 price target on the stock, which implies 13.7% potential upside.

Persons: Wolfe, Bernstein, Oppenheimer, Bernstein Bernstein, David Vernon, Vernon, — Pia Singh, Timothy Horan, Horan, Lance Wilkes, Wilkes, Steven Chubak, Wells Fargo, Chubak Organizations: CNBC, Humana, Microsoft, Southwest Airlines, STARS, Wolfe Research, WFC Locations: Wells, Delta, Vernon, Atlanta, Wells Fargo

☆ Trump and his allies sure seem rattled by Harris's momentum
▼ + stars: | 2024-08-10 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +5 min

Read previewFor what now feels like a fleeting moment this summer, former President Donald Trump seemed to be on top of the world. When reached by Business Insider about reports that Trump is frustrated over the Harris campaign's momentum, Steven Chueng, the Trump campaign spokesperson, called it "fake news." AdvertisementAt a press conference at Mar-a-Lago on Thursday, he again claimed Biden had "the right to run" but that Democrats "took it away." Sen. Lindsey Graham, a close ally of Trump, even acknowledged to the Post that the campaign has "hit a few speed bumps." AdvertisementWhether all the momentum behind the Harris campaign will ultimately translate to a win in November is impossible to say.

Persons: —, Donald Trump, Trump, revelers, Hulk Hogan, Kamala Harris, there's, Tim Walz, Harris, Steven Chueng, Joe Biden, Biden, He's, baselessly, Martin Luther King Jr, Richard Porter, Post Trump, Sen, Lindsey Graham, Ben Shapiro, Walz Organizations: Service, Business, Democratic, Minnesota, Biden, Mar, Trump, Republican National Committee, Washington Post, Post, New York Times Locations: Florida, Harris

UBS raised its price target on Nvidia , calling for nearly 20% upside. He also set a price target of $640, which implies downside of 21%. — Lisa Kailai Han 5:50 a.m.: UBS hikes Nvidia price target, now sees 19% upside UBS sees more gains ahead for Nvidia . Analyst Timothy Arcuri raised his price target for the graphics processing unit manufacturer to $150 from $120. "Our recent supply chain checks confirm our prior suspicions that demand momentum for Blackwell rack-scale systems remains exceedingly robust," the analyst wrote.

Persons: Wolfe, JPMorgan Chase, Guggenheim, ServiceNow, John DiFucci, Lisa Kailai Han, Erika Najarian, — Lisa Kailai Han, Timothy Arcuri, Arcuri, Blackwell, Steven Chubak, Chubak, JPM, — Fred Imbert Organizations: CNBC, UBS, Nvidia, Wolfe Research, JPMorgan, Guggenheim, PNC, PNC Financial Services, JPMorgan Chase JPMorgan, JPMorgan Chase, P Bank ETF Locations: Friday's, 2H24

☆ Wednesday's analyst calls: Stifel gets bullish on Tesla, FedEx seen rallying 40%, Citi boosts Nvidia
▼ + stars: | 2024-06-26 | by ( Alex Harring | ) www.cnbc.com time to read: +10 min

(This is CNBC Pro's live coverage of Tuesday's analyst calls and Wall Street chatter. Stifel opened coverage on Tesla with a buy rating and an ambitious price target as it sees multiple growth opportunities for the company. Crockett also increased his price target by $64 to $260, which now suggests shares can rally 24.4% from Tuesday's closing price. Goldman also hiked his price target by $7 to $52, now reflecting upside potential of 17.7% over Tuesday's close. Analyst Stephen Gengaro initiated the electric vehicle maker at a buy rating with a $265 price target.

Persons: Rosenblatt, Barton Crockett, Crockett, — Alex Harring, Atif Malik, Malik, Blackwell, Wolfe, Robinhood, Steven Chubak, Chubak, Jason Warnick, That's, Keith Gill, Katja Jancic, Jancic, Brian Ossenbeck, Ossenbeck, Campbell, Ken Goldman, hasn't, Goldman, underperformance, Stifel, Stephen Gengaro, Gengaro, Alex Harring Organizations: CNBC, Federal Express, JPMorgan, FedEx, Apple, Apple Intelligence, Android, Meta, Microsoft, Nvidia, Citi, Wolfe Research, . Steel, BMO Capital Markets, U.S, Steel, Nippon Steel, Nippon, US, U.S . Steel, CPB, Tesla Locations: Tuesday's, Japan, U.S

Netflix and a popular beauty stock were featured among Friday's biggest analyst calls. Analyst Rob Sanderson initiated coverage of DoorDash with a buy rating and $170 price target, citing strong execution. Alongside the upgrade, Blum downgraded Sunnova Energy to an equal weight rating and slashed his price target to $6 from $11, citing a higher-for-longer rate environment. "Share gains upmarket by Shopify support confidence in the durability of growth against tempered consumer spending expectations," wrote analyst Keith Weiss. The stock has tumbled 11% this year, but could rally 22% based on the firm's adjusted $85 price target.

Persons: Canaccord Genuity, Rob Sanderson, DoorDash, Sanderson, – Samantha Subin, Wolfe, Steven Chubak, BAC's, Chubak, bode, Wells, Michael Blum, Blum, Biden, Samantha Subin, Morgan Stanley, Keith Weiss, Weiss, — Samantha Subin, Canaccord, Maria Ripps, Steven Cahall, Price, Doug Anmuth, Morgan Stanley's Benjamin Swinburne, Jefferies, Ashley Helgans, Helgans, Fred Imbert Organizations: CNBC, Netflix, Friday's, Jefferies, Capital, Industry, Wolfe Research, Bank of America, of America, SCHW, Sunnova Energy, NOVA, Ulta Locations: Wells Fargo, China, Thursday's, Canada

☆ DeSantis says Trump 'should have come out more forcefully' during Jan. 6
▼ + stars: | 2023-07-18 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +2 min

Ron DeSantis swiped at Donald Trump over his response to January 6. DeSantis said Trump "should have come out more forcefully" during the riot. Trump's campaign quickly took notice of DeSantis' comments. "A disqualifying take from an unserious candidate in the last throes of his failed candidacy," Trump campaign spokesman Steven Chung wrote on Twitter. In response, DeSantis' campaign argued that the governor was being taken out of context.

Persons: Ron DeSantis swiped, Donald Trump, DeSantis, Trump, Ron DeSantis, Jack Smith, Lawmakers, Trump's, Steven Chung Organizations: Florida Gov, Service, Gov, Capitol, White, Trump, Twitter Locations: Florida, Wall, Silicon, South Carolina

☆ Watch CNBC's full interview with Wolfe's Steven Chubak
▼ + stars: | 2023-06-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Wolfe's Steven ChubakSteven Chubak, Wolfe Research, joins CNBC's Leslie Picker and Mike Santoli on 'Closing Bell Overtime' to talk breaking news concerning bank capital allocation plans.

Persons: Wolfe's Steven Chubak Steven Chubak, Wolfe, Leslie Picker, Mike Santoli Organizations: Wolfe Research

☆ 'Commitment to the buyback is being viewed constructively' at Morgan Stanley: Wolfe's Steven Chubak
▼ + stars: | 2023-06-30 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Commitment to the buyback is being viewed constructively' at Morgan Stanley: Wolfe's Steven ChubakSteven Chubak, Wolfe Research, joins CNBC's Leslie Picker and Mike Santoli on 'Closing Bell Overtime' to talk breaking news concerning bank capital allocation plans.

Persons: Morgan Stanley, Wolfe's Steven Chubak Steven Chubak, Wolfe, Leslie Picker, Mike Santoli Organizations: Wolfe Research

☆ New Oral History Peers Back at Obama, His Era and the Tradeoffs He Made
▼ + stars: | 2023-05-31 | by ( Peter Baker | ) www.nytimes.com time to read: +1 min

The first tranche of interviews being made available does not include those of the former president, first lady or other major recognizable figures from the Obama era. Instead, it is tightly focused on one issue that the researchers deemed vital to his presidency, a wonk’s feast of policy discussion rather than a broader look at Mr. Obama himself or his overall eight years in power. As he sucked down his favorite Fiji water, Mr. Obama would tease scientists and engineers. We don’t need to look at any more of those.”The focus on climate change in the first set of interviews also highlighted the larger trade-offs Mr. Obama made between competing priorities. At one point as he was expending all of his influence to pass the Affordable Care Act, he ruefully explained his priorities to Mr. Chu.

Persons: Obama, “, ”, I’m, Steven Chu, Steve, we’ve, We’ve, ruefully, Chu Organizations: “ Energy Locations: Fiji

☆ Morgan Stanley netted nearly $20 billion in new client assets from First Republic and other struggling regional banks
▼ + stars: | 2023-04-19 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +3 min

Morgan Stanley netted $109.6 billion in new client assets in the first quarter of 2023. Before the hiring binge, Morgan Stanley and other banks gave a $30 billion lifeline to First Republic. Morgan Stanley beat profit estimates with its first-quarter results and got a little boost from the banking crisis. Analyst Steven Chubak of Wolfe Research asked how First Republic advisors flocking to Morgan Stanley had boosted quarterly inflows. That leaves $19.6 billion attributable to advisors and clients fleeing struggling banks like First Republic for Morgan Stanley, a too-big-to-fail institution.

☆ Watch CNBC’s full interview with Wolfe Research's Steven Chubak
▼ + stars: | 2023-03-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Wolfe Research's Steven ChubakSteven Chubak, Wolfe Research managing director, joins 'Squawk on the Street' to discuss the unease lingering in banks.

☆ Risk is growing in the broader financial sector, says Wolfe Research's Steven Chubak
▼ + stars: | 2023-03-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRisk is growing in the broader financial sector, says Wolfe Research's Steven ChubakSteven Chubak, Wolfe Research managing director, joins 'Squawk on the Street' to discuss the unease lingering in banks.

☆ Trump missed an entire day of his golf club's senior championship tournament but claimed victory anyway
▼ + stars: | 2023-01-25 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +2 min

Trump claimed victory in a senior golf tournament, despite missing the first round of the competition. He was paying his respects to Diamond of "Diamond and Silk" on the first day of the tournament. Trump, whose company owns the course, was able to substitute in a previous score. "In addition to being an excellent golfer, President Trump is an even better human being," Chung said in a statement to the publication. Trump's golf prowess has also been called into question.

☆ Wolfe Research downgrades Goldman Sachs, sees greater upside in other banks such as Wells Fargo
▼ + stars: | 2023-01-04 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

There's "less compelling" upside for Goldman Sachs in 2023, according to Wolfe Research. The stock has done very well in that time (+72%), outperforming the S & P (+36%) and BKX (+8%)," Chubak wrote in a Wednesday note. "However, as we head in 2023, we see less compelling upside in shares, prompting us to move to the sidelines," Chubak wrote. Shares of Goldman Sachs declined 10% in 2022, outperforming the S & P 500, which was down about 19% in the same period. Shares of Goldman Sachs rose slightly in Wednesday premarket trading.

☆ Arun Majumdar's mom cooked over a coal stove on the floor, and now he's the first leader of Stanford's new climate school — here is his story
▼ + stars: | 2022-11-19 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +11 min

Building a successful climate school that both educates people and scales up technological solutions in its accelerator arm requires thinking beyond the bubble of Silicon Valley. Majumdar's understanding of the importance of a global perspective for the climate school is also personally informed. He was also a professor, did research, and worked at Google for a stint before eventually getting the opportunity to lead the launch of the Stanford climate school. The lessons he learned at ARPA-E are helping form the foundation for the accelerator arm at the Stanford climate school. Stanford Doerr School of Sustainability Photo courtesy Cat Clifford, CNBCSo far, the sustainability school at Stanford seems to be popular with students.

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