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A Chinese man living in the United States illegally was arrested Tuesday and accused of exporting guns and ammunition to North Korea and of planning to send other technology to the nuclear-armed pariah state. At least two shipments of firearms and ammunition were sent, hidden in shipping containers, from the port in Long Beach, California, and on to Hong Kong and then North Korea, according to court documents. In 2022, Wen said he was contacted by two North Korean officials in China who wanted him to send guns and ammunition to North Korea, the affidavit alleges. The North Korean officials had more than guns and ammunition on their mind, according to the affidavit. The North Korean officials also asked for military uniforms, which Wen said he believed would be use to help launch a surprise attack against South Korea, the document says.

Persons: Shenghua Wen, ” Akil Davis, Wen, Wen “, Wen's, Star Safire Organizations: DOJ, Attorney’s, North, North Korean, Star, Emergency Economic Locations: United States, North Korea, Ontario, Southern California, Los Angeles, Long Beach , California, Hong Kong, Angeles, U.S, China, Texas, California, Korean, South Korea

☆ FBI arrests man allegedly helping prepare ‘surprise attack’ on South Korea
▼ + stars: | 2024-12-03 | by ( Josh Campbell | ) edition.cnn.com time to read: +3 min

CNN —A California man confessed to helping the North Korean regime prepare for an attack in a “sophisticated scheme” to illegally obtain restricted weapons and military grade technology, federal prosecutors announced Tuesday. Wen, who allegedly overstayed his visa and remained in the US illegally, was arrested Tuesday by the FBI. Thousands of US military personnel are stationed in South Korea to help bolster security and stability in the region. Justice Department officials said the arrest was unrelated to Tuesday’s internal political turmoil amid a declaration of martial law and clashes outside South Korean parliament. Akil Davis, head of the FBI’s Los Angeles division, said: “Not only did the investigative team prevent additional restricted items going to the North Korean regime, but they gathered valuable intelligence for the United States and our allies.”

Persons: Shenghua Wen, Wen, “, ”, Martin Estrada, Estrada, Shawn Gibson, Akil Davis Organizations: CNN, North, Justice Department, FBI, Korean, North Korean, . Justice, South, Prosecutors, Department of Justice, Emergency Economic, Homeland Security Investigations, Los Locations: California, Ontario , California, South Korea, Texas, Los Angeles, North Korea, United States

☆ Consumers are still in a tough place, says Cowen's Oliver Chen
▼ + stars: | 2024-11-26 | 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 EmailConsumers are still in a tough place, says Cowen's Oliver ChenOliver Chen, Cowen analyst, joins 'Squawk on the Street' to discuss retail earnings and outlook for the sector with the upcoming holiday season.

Persons: Cowen's Oliver Chen Oliver Chen, Cowen Organizations: Consumers

☆ Bullish on the consumer despite slow traffic at the start of November, says TD Cowen's John Kernan
▼ + stars: | 2024-11-15 | 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 EmailBullish on the consumer despite slow traffic at the start of November, says TD Cowen's John KernanJohn Kernan, TD Cowen managing director and retail analyst, joins 'Money Movers' to discuss how important Chinese exposure is for retail companies, how to distinguish between retail winners and losers, and much more.

Persons: Cowen's John Kernan John Kernan, TD Cowen

☆ A Trump win could have a 'negative impact' on these 3 stocks due to tariff risks, says TD Cowen analysts
▼ + stars: | 2024-11-06 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Three global alcoholic beverage makers are likely to see a "negative impact" from a Republican victory in the U.S. election due to the potential for trade tariffs, according to TD Cowen analysts. Guinness maker Diageo would be one of the companies to be impacted by a "smaller degree," according to the bank's analysts. These tariff measures were relaxed by the EU in early 2022, but are expected to be reinstated and doubled to 50% in 2025. STZ 5Y line Diageo Tariffs could "hit multiple areas of the business" at Diageo, TD Cowen analysts said. The company, which makes the Don Julio tequilas in Mexico, has nearly a quarter of its total sales in the U.S. reliant on tariff free trade at the southern border.

Persons: Cowen, Jack Daniel's, Brown, Forman, Donald Trump, Cowen's Robert Moskow, BF.B, Don Julio tequilas, DEO Organizations: Republican, Canada's, Dominion Bank, Constellation Brands, Guinness, Diageo, European Union, EU, Constellation, Corona, Trump Locations: U.S, Canada's Toronto, Corona, Mexico

☆ The big Trump losers: These stocks could have an overhang for a while
▼ + stars: | 2024-11-06 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

Stocks may be in rally mode after former President Donald Trump's election victory, but not every sector is poised to get a lift. Clean energy One potential big loser is solar and clean energy stocks that benefited from tax credits instituted under President Joe Biden 's Inflation Reduction Act. Retailers Along with changes to clean energy, Trump has hinted at tariffs to buoy U.S. producers. The firm also highlighted companies with greater than 20% China exposure, including Crocs and American Eagle Outfitters , as being among potential tariff losers. STZ 1D mountain Constellation Brands falls amid Trump tariff concerns "With a 50% American whiskey tariff, we would expect BFB to pass some cost along to the consumer, which would put additional pressure on volumes," he wrote.

Persons: Donald Trump's, Kamala Harris, Joe Biden, Trump, Goldman Sachs, Brian Lee, Lee, Melanie Nuñez, Cowen's Robert Moskow, Brown, Forman, Bank of America's Joanna Gajuk, Gajuk, bode, Andrew Mok Organizations: NBC News, Dow Jones, Nasdaq, Technologies, Enphase Energy, Bank of America, American Eagle Outfitters, Constellation Brands, Diageo, EU, Consumer, . Hospital, Republican, Bank of America's, Ardent Health Partners, Universal Health Services, HCA Holdings, Barclays Locations: financials, U.S, China, Scotch, Mexico

☆ Top Analysts Weigh in on Apple and Amazon's Earnings
▼ + stars: | 2024-11-01 | 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 EmailTop Analysts Weigh in on Apple and Amazon's EarningsMizuho's Jordan Klein and TD Cowen's Andrew Sherman discuss the key takeaways, positive and negative, from Apple and Amazon's latest earnings, and highlight other tech names on their radar.

Persons: Jordan Klein, Cowen's Andrew Sherman Organizations: Apple

☆ Upside expected for Amazon as fulfillment efficiency increases margins, says Cowen's Blackledge
▼ + stars: | 2024-11-01 | 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 EmailUpside expected for Amazon as fulfillment efficiency increases margins, says Cowen's BlackledgeJohn Blackledge, senior internet analyst at Cowen, joins CNBC's 'Squawk on the Street' to discuss his buy rating for Amazon, expectations for the stock, and more.

Persons: Cowen's Blackledge John Blackledge Organizations: Cowen

☆ A Trump win would mean protective policies for tech companies, says TD Cowen's Paul Gallant
▼ + stars: | 2024-10-29 | 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 EmailA Trump win would mean protective policies for tech companies, says TD Cowen's Paul GallantPaul Gallant, TD Cowen managing director, joins CNBC's 'The Exchange' to discuss why gig stocks could see big moves depending on the election, why he thinks Trump would be a boost to megacap tech, and more.

Persons: Cowen's Paul Gallant Paul Gallant, TD Cowen, Trump

☆ A lot the industry dynamics have shifted in favor of United and Delta: TD Cowen's Tom Fitzgerald
▼ + stars: | 2024-10-28 | 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 EmailA lot the industry dynamics have shifted in favor of United and Delta: TD Cowen's Tom FitzgeraldTom Fitzgerald, TD Cowen analyst, joins 'Squawk Box' to discuss news of Boeing's capital raise, impact of Boeing's strike on airlines, tailwinds for airline stocks, and more.

Persons: Tom Fitzgerald Tom Fitzgerald, TD Cowen Organizations: United, Delta

☆ From frustration to excitement: The long, winding road of Alphabet's self-driving Waymo unit
▼ + stars: | 2024-09-21 | by ( Paulina Likos | ) www.cnbc.com time to read: +12 min

A long road It's been a long and winding road for Waymo since its inception in 2009 as Google's self-driving car project. The robotaxi service now has about 700 autonomous vehicles on the road across its markets. That changed about a year ago , when Uber added Waymo vehicles to its app. In February, Waymo recalled 444 of its vehicles after two Waymo vehicles hit a towed pickup truck in Phoenix. A Waymo autonomous self-driving Jaguar electric vehicle sits parked at an EVgo charging station in Los Angeles, California, on May 15, 2024.

Persons: Uber, Waymo, Tesla, it's, Jim Cramer, Jim, Morgan Stanley, Cowen, Cowen's — Bernstein, Brad Erickson, Andreessen Horowitz, Alphabet's, Ruth Porat, Erickson, Dara Khosrowshahi, Cruise, Uber's Khosrowshahi, Ethan Teicher, Tesla's, Jim Cramer's, Patrick T, Fallon Organizations: Waymo, Austin, RBC Capital Markets, CNBC, Bank of America, Aurora Innovation, General Motors, AFP, Getty Locations: West Coast, Atlanta, Austin , Texas, Phoenix, San Francisco, Los Angeles, U.S, Waymo, Austin, San Francisco , Los Angeles, Los Angeles , California

☆ FedEx earnings will show the success of the company's restructuring, says TD Cowen's Jason Seidl
▼ + stars: | 2024-09-19 | 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 EmailFedEx earnings will show the success of the company's restructuring, says TD Cowen's Jason SeidlTD Cowen senior analyst Jason Seidl joins 'Closing Bell' to discuss his expectations for FedEx earnings, why he is picking FedEx over UPS, and more.

Persons: Jason Seidl, Cowen Organizations: FedEx, UPS

☆ Room for stocks to improve even if economy gets in a recession, says TD Cowen's Jeff Solomon
▼ + stars: | 2024-09-18 | 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 EmailRoom for stocks to improve even if economy gets in a recession, says TD Cowen's Jeff SolomonJeff Solomon, TD Cowen president, joins 'Money Movers' to discuss the potential impact of today's rate decision, if the market is too enthusiastic about rate cuts, and if there's more risk of recession than the market is currently pricing in.

Persons: Jeff Solomon Jeff Solomon, TD Cowen

☆ A 'man-made disaster' could make it trickier to buy or sell a home in some areas this fall, real estate expert says
▼ + stars: | 2024-08-26 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +5 min

That's because the National Flood Insurance Program — the government-sponsored public insurance program that is the largest flood insurer in the U.S. — needs to be reauthorized by Sept. 30 to continue to issue new policies or increase coverage on existing policies. "There are very few private insurers that offer any type of flood insurance," said Daniel Schwarcz, a professor of law at the University of Minnesota Law School who focuses on insurance law and regulation. In that report, from 2011, it estimated a one-month NFIP lapse could affect about 40,000 closings. "There is no need to take the risk that the flood insurance program will lapse when you could close ahead of Sept. Then in 2021, FEMA implemented Risk Rating 2.0, a new pricing system that would accurately reflect the cost of an area's risk.

Persons: Jaret Seiberg, Cowen, Jeremy Porter, Daniel Schwarcz, Cowen's, Yanjun Liao, Liao, Schwarcz, Foundation's Porter, Porter Organizations: Getty, Federal Reserve, National Flood Insurance, Federal Emergency Management Agency, First Street Foundation, University of Minnesota Law School, National Association of Realtors, FEMA, Resources Locations: U.S, New York, Washington ,

☆ We are in a consumer discretionary recession, says TD Cowen's Oliver Chen
▼ + stars: | 2024-08-12 | 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 EmailWe are in a consumer discretionary recession, says TD Cowen's Oliver ChenOliver Chen, TD Cowen senior retail analyst, joins 'Squawk Box' to discuss key retail earnings from Walmart and Home Depot this week, what to expect from the retail giants, state of the consumer, and more.

Persons: Cowen's Oliver Chen Oliver Chen, TD Cowen Organizations: Walmart

☆ A crypto data leak led the FBI to America's most wanted sex trafficking fugitive. Now, the victims want his bitcoins.
▼ + stars: | 2024-08-11 | by ( Laura Italiano | ) www.businessinsider.com time to read: +16 min

Four bitcoin wallets that led to sex-trafficking fugitive Michael Pratt's capture are seen in the bottom left corner. AdvertisementFrom Michael Pratt's 2019 criminal complaint. Federal prosecutors say Pratt increased traffic by forwarding each victim's video link to her school, work, family, and social connections. Michael Pratt's Swiss ID and Barcelona Mailboxes Etc. AdvertisementThese days, DeBarber runs the Baltimore-based Phoenix AI cybersecurity firm with cofounder Justine Li, a Girls Do Porn victim and plaintiff.

Persons: —, Michael James Pratt —, Pratt, Michael Pratt's, Michael Pratt, it's, Charles DeBarber, ike, ake, ould, ong, hough, erving, J ames, rove, ratt, ong K ong, egan, ove, arlene, lew, anni, rooke,, rian H olm,, wiss Organizations: Service, Spanish, Business, Spain's Policia Nacional, Policia Nacional, ust Locations: New Zealander, Madrid, Southern California, Spain, bitcoin, omiting,, ife, ictim

☆ Berkshire's mounting cash pile could top $200 billion as Buffett continues selling stock
▼ + stars: | 2024-08-02 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

David A. GroganBerkshire Hathaway 's highly scrutinized cash pile could top $200 billion — more than the entire annual gross domestic product of Hungary — amid CEO Warren Buffett's rare sale of some of his favorite stocks. The Omaha-based conglomerate is likely to say its cash hoard topped the previous record of $189 billion, set in the first quarter, when it reports second-quarter earnings Saturday morning. The selling could have resumed in the second quarter as shares of the iPhone maker jumped 23% in the period. "It's just a question of how long they are going to sit on it," Andrew Kligerman, TD Cowen's Berkshire analyst, said in an interview, referring to Berkshire's enormous cash pile. Stock Chart Icon Stock chart icon Berkshire Hathaway

Persons: Warren Buffett, David A, Grogan Berkshire Hathaway, Warren, Buffett, Bill Stone, Andrew Kligerman, I've, Berkshire Hathaway Organizations: Berkshire Hathaway, Apple, Bank of America, Oracle, Glenview Trust Company, America, Federal, Berkshire Locations: Omaha , Nebraska, Hungary, Omaha, Glenview, Berkshire, Charlotte

TD Cowen raised its price target on Apple shares to $250 ahead of earnings later this week. The firm upgraded the conglomerate to buy from hold and raised its price target to $150 per share from $110. Jonas maintained an overweight rating on Tesla stock with a $310 price target, implying more than 41% upside from Friday's $219.80 close. The analyst upgraded the chemicals stock to overweight from neutral, and reiterated a $55 per share price target. — Brian Evans 5:49 a.m.: TD Cowen raises Apple price target ahead of earnings Artificial intelligence is going to be a main driver to Apple going forward, and the company's upcoming earnings release could reflect that, according to TD Cowen.

Persons: TD Cowen, Guggenheim, Morgan Stanley, Tesla, 3M's, Bill Brown, Nicole DeBlase, DeBlase, — Brian Evans, Adam Jonas, Jonas, Brian Evans, Jeffrey Zekauskas, Olin, Piper Sandler, Charles Schwab, Charles Schwab's, Schwab, Patrick Moley, AAPL, Krish Sankar, Sankar, John DiFucci, Fred Imbert Organizations: CNBC, Apple, Technologies, Ford, Deutsche Bank, EV, JPMorgan, Olin, Huawei, Akamai Technologies, Guggenheim, Security Locations: U.S, Friday's, China

☆ Discretionary pullback makes us more cautious on the airline sector, says TD Cowen's Tom Fitzgerald
▼ + stars: | 2024-07-25 | 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 EmailDiscretionary pullback makes us more cautious on the airline sector, says TD Cowen's Tom FitzgeraldTom Fitzgerald, TD Cowen vice president, joins 'Closing Bell' to discuss the airline sector earnings and outlook.

Persons: Tom Fitzgerald Tom Fitzgerald, TD Cowen

☆ TD Cowen's Andrew Charles shares his bull case for Chipotle
▼ + stars: | 2024-07-24 | 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 EmailTD Cowen's Andrew Charles shares his bull case for ChipotleAndrew Charles, Cowen, joins 'Closing Bell' to discuss Chipotle ahead of the company's earnings report.

Persons: Andrew Charles, Chipotle Andrew Charles, Cowen

☆ Tesla's approach to solving the automotive problem remains unclear, says TD Cowen's Jeff Osborne
▼ + stars: | 2024-07-24 | 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 EmailTesla's approach to solving the automotive problem remains unclear, says TD Cowen's Jeff OsborneJeff Osborne, TD Cowen analyst, and Tom Narayan, RBC Capital global autos analyst, join 'Squawk on the Street' to discuss Tesla's Q2 earnings, the state of EV business, and more.

Persons: Jeff Osborne Jeff Osborne, TD Cowen, Tom Narayan Organizations: RBC Capital

☆ Warren Buffett's Berkshire Hathaway has a new analyst, and he is lukewarm on the conglomerate
▼ + stars: | 2024-07-22 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Warren Buffett 's Berkshire Hathaway has a new Wall Street analyst covering its stock, and he has mixed feelings about the conglomerate. The analyst thinks Berkshire is grappling with weakness in its noninsurance businesses including railroad, utilities service and retail, while its insurance operations continue to outperform. "Berkshire Hathaway's old-school conglomerate structure has faced challenges in a number of key areas of late despite being powered by an insurance business that continues to shine," Kligerman said in a note. Berkshire's insurance business has been a bright spot for the conglomerate. Correction: Of the seven analysts covering Berkshire, three have a hold rating, according to CNBC's research.

Persons: Warren Buffett, Berkshire Hathaway, Cowen's Andrew Kligerman, Berkshire, Kligerman, — CNBC's Michael Bloom Organizations: Berkshire, BNSF Locations: Omaha , Nebraska, Berkshire, U.S

☆ Trump's VP pick Vance could have a market impact if they win—Beware Meta and Alphabet
▼ + stars: | 2024-07-16 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

At a February event, Vance raised concerns about Alphabet and Meta Platforms , saying that the technology behemoths have hurt tech innovation and pose potential risks to democracy. Trump would completely delegate the tech policy agenda to anyone given his personal interest in that space," Gallant wrote. "But we believe Sen. Vance would be a very important voice — perhaps decisive on some matters — in view of experience in the tech sector ... and of tech policy." Cryptocurrencies Many Wall Street analysts also expect Vance to maintain a favorable stance toward digital assets under a Trump White House. These stocks should fare well given Trump's favorable view toward digital assets, Boltansky said.

Persons: Donald Trump, Trump, J.D, Vance, Peter Thiel, Stifel's Brian Gardner, Sen, Vance's, it's, Research's Blair Levin, Isaac Boltansky, Boltansky, TD Cowen's Paul Gallant, Lina Khan, Pres, Gallant, Raymond James, Ed Mills, Cryptocurrencies, Elizabeth Warren, Stifel's Gardner, Wolfe Research's Tobin Marcus Organizations: Ohio, Yale Law School, Republican Party, GOP, Technology, Twitter, Federal Trade, Street, Trump White House, Trump, Banking, Visa, Mastercard, U.S, Republican Locations: Washington

☆ TD Cowen's Dan Brennan on why he's bullish on Tempus
▼ + stars: | 2024-07-09 | 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 EmailTD Cowen's Dan Brennan on why he's bullish on TempusDan Brennan, senior analyst at TD Cowen, joins CNBC's 'The Exchange' to discuss his price target on Tempus, AI in diagnostics, and more.

Persons: Dan Brennan, Cowen

TD Cowen raised its price target on Netflix, calling for 13% upside for the stock. JPMorgan analyst Rachel Vatnsdal was similarly bullish with her $42 price target, while Morgan Stanley analyst Tejas Savant set a price target of $44. The analyst also raised his price target to $42 from $37, indicating a potential 3% upside from the stock's Monday afternoon close. — Lisa Kailai Han 5:44 a.m.: TD Cowen lifts Netflix price target ahead of second-quarter earnings announcement TD Cowen expects more gains ahead for Netflix . NFLX YTD mountain NFLX year to date — Lisa Kailai Han 5:44 a.m.: KeyBanc hikes Nvidia price target The good times for Nvidia are not over yet, according to KeyBanc.

Persons: TD Cowen, KeyBanc, Morgan Stanley, Bank of America Michael Ryskin, Ryskin, Rachel Vatnsdal, Tejas Savant, Morgan Stanley's Savant, William Blair, Stifel, Lisa Kailai Han, Wells, Donald Fandetti, Fandetti, — Lisa Kailai Han, Grayson, Daniel Lungo, Piper Sandler, Scott Siefers, BAC's NII, Siefers, JPMorgan Chase, Cowen, John Blackledge, Blackledge, John Vinh, Fred Imbert Organizations: CNBC, Netflix, Nvidia, Wall, Tempus, Nasdaq, JPMorgan, Bank of America, Precision Oncology, Needham, American Express, Devon Energy, of America, Citigroup, Blackwell, Wolfe Research, UBS Locations: Devon, Williston, Netflix's, Monday's, 2H24, GB200

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