DIRS.INFO The most relevant business & tech news

Here's a rapid-fire update on all 34 stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Costco : While Costco gets nearly 7% of its sales from China, Jim said it's unlikely its business would be threatened by geopolitics given the company's popularity in the country. Constellation Brands : There's no doubt that the Modelo and Corona parent is a less attractive stock under Trump compared with Biden. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, Jim, Donald Trump, Abbott's, Reckitt Benckiser, we're, there's, it's, Biden, Dupont, Trump, Walt Disney, Nelson Peltz, Jim said, Estee Lauder, Eaton, Honeywell's, Washington that's, Eli Lilly, Roche, Eli Lilly's, Lilly, Sen, J.D, Vance of, Morgan Stanley, ChatGPT, chipmaker, Laxman Narasimhan, Stanley Black, Decker, rightsizing, Wells, Wynn, he's, Jim Cramer, Brendan McDermid Organizations: Jim Cramer's Charitable Trust, CNBC, Trump, Abbott Laboratories, AMD, Broadcom, VMWare, Costco, Coterra Energy, White, Bloomberg, Federal, Motors, Ford, GE Healthcare, Big Tech, Honeywell, Air Products, Linde, Meta, Microsoft, Investors, OpenAI, Republican, Palo Alto Networks, Palo, Procter & Gamble, Biden, Constellation Brands, Modelo, The, TJX, Wynn Resorts, Club, Jim Cramer's Charitable, Traders, New York Stock Exchange Locations: China, Dover, U.S, Washington, Vance of Ohio, Meta, Taiwan, Israel, Gaza, Corona, Wells Fargo, Macau, New York City

☆ After my boomer husband retired, we moved to a bigger house. We now have space for our hobbies and grandchildren to visit.
▼ + stars: | 2024-05-21 | by ( Melody Wren | ) www.businessinsider.com time to read: +5 min

We lived in a large house built in 1870 in the center of town. AdvertisementWe have space to embrace hobbies and passionsWe now have space to do all the things we love, but didn't have space before. In our bigger house, my husband now has a full workshop to fulfill his dream of doing woodworking. There is a finished basement and a nice backyard with a hot tub to soothe my rheumatoid arthritis. The hot tub adds to the enthusiasm of the grandkids visiting, treating it like a pool.

Persons: — Organizations: Service, Business

☆ Stocks are undergoing a needed, and (so far) modest, pullback in a longer-term bull market
▼ + stars: | 2024-04-13 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

The result was a 1.5-percent weekly drop in the S & P 500 , with Friday's setback exacerbated at least somewhat by a collective clenching-up of risk markets on some geopolitical worry. This dynamic hasn't been reversed, but the signal has grown a bit staticky, draining some conviction from the macro bullish case with the S & P 500 still 24% above the October low. Bull market's backdrop First, it's a bull market, and not a particularly mature or excessively generous one yet. Yet both stocks are still outperforming the S & P this year. The S & P 500 closed Friday at exactly the same level of five weeks earlier, on March 8 – which was perhaps the moment of maximum investor confidence in the "we can have it all" thesis.

Persons: I've, Jerome Powell, Powell, Wall, it's, We're, John Butters, Fastenal, Scott Chronert Organizations: Federal, ICE, Treasury, CPI, Fed, Grainger, Citi

☆ Here are Monday's biggest analyst calls: Nvidia, Tesla, Amazon, Take-Two, BJ's, Dell, Disney, Broadcom, Apple & more
▼ + stars: | 2024-04-08 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

"We are reinstating coverage of AVGO with a buy rating and a new price target of $1,500." "We are upgrading Take-Two from Neutral to Buy and raising our target price from $170 to $200." KeyBanc reiterates Nvidia as overweight Key raised its price target on the stock to $1,200 per share from $1,100. Oppenheimer reiterates Alphabet as outperform Oppenheimer raised its price target on the stock to $185 per share from $172. "We resume coverage after a period of Rating Suspended with a Buy/High Risk (1H) rating and target price of $11."

Persons: Morgan Stanley, Jefferies, Piper Sandler, Piper, selloff, Goldman Sachs, Goldman, Bernstein, Tesla, underperform Bernstein, Wolfe, Eaton, underperform, ETN, Needham, it's, KeyBanc, Oppenheimer, Chipotle, Stefan Larsson, Zac Coughlin, Investor Relations Sheryl Freeman, Evercore, Cantor Fitzgerald, Cantor, Nvidia, Huntington, BTIG, Truist, Melius, Dell Organizations: Norfolk Southern, CP, NSC, JPMorgan, GE, Deutsche Bank reinstates Broadcom, Deutsche, Tesla, Citi, Netflix, AMD, ARM, Meta, Google, NASDAQ, Investor Relations, Disney, Susquehanna, Nvidia, Bank of America, of America, U.S, TAM, Dell, Apple Locations: FSLY, F1Q

☆ Estee Lauder catches a couple Wall Street endorsements but we're still skeptical
▼ + stars: | 2024-04-02 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

Recent Wall Street upgrades of Estee Lauder don't change our lingering concerns over the company's underperforming stock and its business in China. Bank of America last Thursday upgraded Estee Lauder to a buy while increasing its price target to $170 from $160. Estee Lauder is expected to report its fiscal 2024 third-quarter results on May 1. EL 5Y mountain Estee Lauder 5 years Jim Cramer said Tuesday Estee Lauder "was a bad pick" for the portfolio. An Estee Lauder pop-up store is seen inside daimaru Department Store on Nanjing Road Pedestrian street in Shanghai, China, August 6, 2021.

Persons: Estee Lauder, Fabrizio Freda's, Freda, Jim Cramer, they've, Jim, Jim Cramer's Organizations: Citi, Tuesday, Bank of America, Lauder, CNBC, daimaru, Getty Locations: China, Hainan, Hawaii of China, South Korea, Nanjing, Shanghai

☆ Why Wall Street analysts and Jim Cramer see more upside for this portfolio Big Tech name
▼ + stars: | 2024-04-01 | by ( Morgan Chittum | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. "This is a dangerous level to get in, but not a bad level to start selling," Jim Cramer said. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, Jeff Marks, Bob Iger's, Nelson Peltz's, We're, Jefferies, Jim Cramer's, Jim Organizations: CNBC, Club, The Club, Disney, Google, Wall Street, Microsoft, Melius Research

☆ Top banking analysts see 3 reasons why Wells Fargo stock should push even higher this year
▼ + stars: | 2024-03-13 | by ( Morgan Chittum | ) www.cnbc.com time to read: +7 min

Wells Fargo 's run of form continued Wednesday, with shares hitting another 52-week high. Wall Street analysts see more upside ahead for what's been the best-performing major U.S. bank stock in 2024. Shares of Wells Fargo have surged nearly 18% year-to-date, compared to the S & P 500 's 8.5% advance over the same stretch. Higher for longer Both analysts said a higher-for-longer interest rate environment creates a favorable setup for a money center bank like Wells Fargo. As the expectations for Fed cuts this year have been coming down, Wells Fargo stock has been climbing.

Persons: Wells, what's, Goldman Sachs, Morgan Stanley —, —, RBC Capital Market's Gerard Cassidy, Piper Sandler's Scott Siefers, Jim Cramer, RBC's Cassidy, Cash, Cassidy, Piper's Siefers, Siefers, Charlie Scharf, Scharf, that's, Jerome Powell, Jim Cramer's, Jim, Justin Sullivan Organizations: Wall, Peers, JPMorgan, Wells, CNBC, RBC Capital, Federal Reserve, Wells Fargo, Capital, Getty Locations: Wells Fargo, Wells, Basel

☆ Estee Lauder stock soars as CEO calls 'inflection point' — why we remain guarded
▼ + stars: | 2024-02-05 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

Shares of Estee Lauder popped more than 13% Monday after the cosmetics company delivered better-than-expected results for its fiscal second quarter. That represents a sizable miss versus the greater than 70% growth expected by analysts. About that inflection point: On the post-earnings conference call, Freda said the company is positioned to return to organic sales growth for the total company in the third quarter and organic sales growth to sequentially accelerate in the fourth quarter. The Asia/Pacific region had a 7% organic sales decline on continued weakness in Mainland China. More specifically, a decline in online sales more than offset sales growth in brick-and-mortar locations.

Persons: Estee Lauder, Fabrizio Freda's, Freda, Jim Cramer's, Jim Cramer, Jim, lipsticks, Lauder, Shen Organizations: Revenue, LSEG, Management, Street, Jim Cramer's Charitable, CNBC, Bloomberg, Getty Locations: Asia, China, East, Africa, Israel, Pacific, Hong Kong, Korea, Japan, Americas, North America, America

☆ Opinion: The Grammys honored Tracy Chapman the way we should have all along
▼ + stars: | 2024-02-05 | by ( Opinion Allison Hope | ) edition.cnn.com time to read: +5 min

CNN —The music scales tipped towards justice Sunday night as veteran singer-songwriter Tracy Chapman at long last received a standing ovation decades in the making for her performance of “Fast Car” at the 2024 Grammy Awards. Chapman shared the stage with country star Luke Combs, whose cover of “Fast Car” went to No. 1 on the Country Airplay chart (making Chapman the first Black woman to top the chart since its advent in 1990). At the end of the performance, Combs turned and bowed to Chapman, the ultimate sign of respect before the world stage. By acknowledging Chapman’s artistry, Combs and the Grammys honored her in precisely the way we should have all along.

Persons: Allison Hope, Read, Tracy Chapman, Chapman, Luke Combs, Allison Hope Combs, Chris Stapleton, it’s, Combs, ”, I’ve, “ Organizations: New Yorker, The New York Times, Washington Post, CNN, Slate, Billboard’s, Chapman Locations: New

At Meta, in CEO Mark Zuckerberg's words, 2023 was the "year of efficiency," and the stock jumped almost 200% alongside 20,000 job cuts. AI demand is so great that some tech companies are cutting headcount in parts of the business to invest more heavily in developing AI products. Phil Spencer, CEO of Microsoft Gaming, appears at the Political Opening of the Gamescom conference in Cologne, Germany, on Aug. 23, 2023. Within tech, a wide variety of companies, big and small and spanning the consumer and enterprise markets, are eliminating jobs. But, he added, there's an "enormous base" of small and mid-sized tech companies across the U.S., and that in some cases contractors, freelancers and overseas workers are being hit particularly hard.

Persons: Peter Kramer, They've, Mark Zuckerberg's, Zeile, Phil Spencer, Franziska Krug, Sundar Pichai, Bob Carrigan, Nigel Vaz, Publicis Sapient, Salesforce, Meta's, " Vaz, Levi Strauss, Bob Bakish, Tim Herbert, Herbert, there's, Vaz, Michael Bloom, Annie Palmer, Jennifer Elias Organizations: Nasdaq, CNBC, Apple, Meta, Microsoft, Investors, Activision Blizzard, SAP, Microsoft Gaming, Facebook, Citigroup, Paramount, Commerce Department, Gross Locations: Cologne, Germany, U.S

☆ Why Are So Many Companies ‘Rightsizing’?
▼ + stars: | 2024-01-12 | by ( ) www.nytimes.com time to read: 1 min

More than 260,000 tech employees were laid off in 2023, according to Layoffs.fyi, a site that tracks job cuts across the tech industry. That included workers from Meta, Alphabet, Microsoft and Amazon. Google just announced more cuts this month. “The term ‘rightsizing’ sounds more neutral,” Roger Lee, the creator of Layoffs.fyi, said, adding that the phrase is also used “to convey the fact that these companies did a lot of hiring the past couple years, and now realize, given the current economic reality, it makes sense for the business to go back to a smaller size.”

Persons: Roger Lee, Layoffs.fyi Organizations: Meta, Microsoft, Google

☆ Binance could lay off thousands as company buckles down for DOJ probe, source says
▼ + stars: | 2023-07-14 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Changpeng Zhao, billionaire and chief executive officer of Binance Holdings Ltd., speaks during a session at the Web Summit in Lisbon, Portugal, on Wednesday, Nov. 2, 2022. The cuts will eliminate 1,500 to 3,000 of Binance's global workforce, this person told CNBC, and will take place through the end of the year. The Justice Department probe will likely reshape the company fundamentally, the employee told CNBC. A Binance spokesperson disputed that the cuts would impact 3,000 employees, saying that the high-end number was "just not right." Binance itself has suffered significantly since the lawsuits from U.S. regulators, with exchange outflows running into the hundreds of millions.

Persons: Changpeng Zhao, Binance Organizations: Binance Holdings Ltd, Department, CNBC, Street, Justice Department, Reuters, Securities and Exchange Commission, Commodity Futures Trading Commission Locations: Lisbon, Portugal, U.S

☆ Co-working office spaces have expanded rental options beyond WeWork
▼ + stars: | 2023-07-01 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +6 min

Enter the co-working space, which allows for a bit of everything. From shopping malls to private mansions to hotels and gyms, co-working spaces are becoming more creative in the remote work era — with a boost from startups building platforms to connect companies with spaces for rent. Airstreams and yurtsThe dominant co-working venues for years were WeWork and other communal spaces in downtown office buildings. Gilbreath from Liquidspace said that co-working spaces have expanded outside urban cores and financial districts, and rental spaces are becoming quirkier. “Co-working spaces have usually been centrally located in big buildings,” said Amina Moreau, founder of Radious, which calls its business the Airbnb of office rentals and meeting spaces in residential areas.

Persons: it’s, “, ”, Prithwiraj Choudhury, Nicholas Bloom, Bloom, can’t, Jacob Bates, Mark Gilbreath, WeWork, Liquidspace, Amina Moreau, ” Moreau Organizations: New, New York CNN, Harvard Business School, Stanford University, Companies, US General Services Administration, Mobile, Minneapolis Grain Exchange Locations: New York, San Francisco, Chicago, Denver, Montreal, Minneapolis, Portland , Oregon, “

☆ Better than feared first quarter earnings results will power the stock market to new highs, Fundstrat says
▼ + stars: | 2023-04-21 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Better than feared earnings results will power the stock market's ongoing rally, according to Fundstrat's Tom Lee. "We think demand and margins holding up better will support a rally in technology stocks," Lee said. And the absolute earnings results aren't all that bad so far, with first-quarter earnings per share tracking to be down just 1.2% year-over-year on sales growth of 7.3%, according to Fundstrat. "We think demand and margins holding up better will support a rally in technology stocks... Technology could be the winner of results season." BMO chief investment officer Carol Schleif said in an e-mail to Insider that there have been "no major red flags" in earnings results.

☆ Wall Street warns the banking turmoil is coming for the commercial real estate sector
▼ + stars: | 2023-04-20 | by ( Phil Rosen | ) www.businessinsider.com time to read: +4 min

JPMorgan Asset Management's Jonathan Liang said Wednesday on Bloomberg that smaller banks now face an increased risk of credit losses because of their heightened exposure to the commercial real estate debt. And Goldman Sachs' global head of real estate client solutions, Jeffery Fine, recently said the commercial real estate market is in the middle of a "perfect storm" of higher rates, tight credit, and fast-maturing debt. The Goldman strategist said securing commercial real estate loans now is "almost impossible" since financing has just about shut down. What's your outlook for the commercial real estate sector in the next 6 months? This real estate investor commands a 311-unit portfolio.

☆ Student-loan borrowers are about to face more hurdles after a major company reduced its call center hours — and laid off 550 more employees
▼ + stars: | 2023-04-10 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

The Education Department modified student-loan company Nelnet's contract, per SEC documents. The changes included reduced call center hours, contributing to Nelnet laying off 550 employees. It also allows Nelnet to have a higher percentage of borrowers hang up without receiving help. At the end of March, student-loan company Nelnet announced a series of changes to its contract implemented by the Education Department. But it's a critical year for student-loan borrowers, and Nelnet is just one sign that they're facing a rocky road ahead.

☆ Rep. Jodey Arrington warns government spending is out of control as default risks rise
▼ + stars: | 2023-02-16 | 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 EmailRep. Jodey Arrington warns government spending is out of control as default risks riseU.S. Rep. Jodey Arrington, R-Texas, chairman of The Budget Committee, joins 'Squawk Box' to discuss Covid relief igniting inflation, rightsizing budget caps, and the likelihood of the U.S. defaulting on its debt.

☆ PayPal to lay off 2,000 employees in coming weeks, about 7% of workforce
▼ + stars: | 2023-01-31 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

President and CEO Dan Schulman wrote in the release that PayPal is working to address the "challenging macroeconomic environment." PayPal on Tuesday announced plans to lay off 2,000 employees, or around 7% of its workforce, according to a release posted to the company's website . Earlier this month, Google announced plans to lay off more than 12,000 workers, Microsoft announced plans to cut 10,000 employees and Salesforce announced plans to lay off 7,000 workers. In its third-quarter earnings report, PayPal beat on earnings and revenue expectations, but shares slid after the company's Q4 revenue estimate came in behind analysts' expectations. During a call with analysts after the company's Q3 earnings report, acting CFO Gabrielle Rabinovich talked about the company's projections for 2023.

☆ Big Tech's had a devastating year. Here's why we're holding on
▼ + stars: | 2022-12-15 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

Amazon Amazon has been battling with rightsizing its business due to the pull-forward demand it experienced during the COVID-19 pandemic. We'd also like to see how the company is addressing slower growth at its cloud business, Amazon Web Services (AWS). Microsoft Microsoft has been pressured by weakening demand for personal computers, the strong U.S. dollar and tightening enterprise budgets for the cloud. "I think the company could have a decent quarter and it hasn't had to issue a warning about what is now the declining dollar," Jim said. The logos of Google, Apple, Facebook, Amazon and Microsoft displayed on a mobile phone and a laptop screen.

We're selling 125 shares of Morgan Stanley (MS) at roughly $90.44 each, and buying 45 shares of Constellation Brands (STZ) at roughly $242.25 each. We're taking the Morgan Stanley funds and redeploying them into Constellation Brands on a nearly dollar-for-dollar basis. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. Andrew Kelly | ReutersWe're selling 125 shares of Morgan Stanley (MS) at roughly $90.44 each, and buying 45 shares of Constellation Brands (STZ) at roughly $242.25 each. We're taking the Morgan Stanley funds and redeploying them into Constellation Brands on a nearly dollar-for-dollar basis.

☆ Here's a rundown of tech companies that have announced layoffs in 2022
▼ + stars: | 2022-11-09 | by ( Sofia Pitt | ) www.cnbc.com time to read: +8 min

Days after Twitter's new boss Elon Musk slashed half his company's workforce, Facebook parent Meta announced its most significant round of layoffs ever. Last month, Meta announced a second straight quarter of declining revenue and forecast another drop in the fourth quarter. The tech industry broadly has seen a string of layoffs in 2022 in the face of uncertain economic conditions. Lyft: around 700 jobs cutLyft announced last week that it cut 13% of its staff, or about 700 jobs. In a letter to employees, CEO Logan Green and President John Zimmer pointed to "a probable recession sometime in the next year" and rising rideshare insurance costs.

☆ JPMorgan still sees Amazon as best investing idea ahead of third quarter earnings
▼ + stars: | 2022-10-26 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +3 min

Even amid worry that the U.S. is facing n a recession that will hit retailers, Amazon remains JPMorgan's best idea ahead of its third quarter earnings results, due Thursday. Still, the firm is bullish on Amazon — it has an overweight rating and a $175 price target on the company. The company should also benefit from lower freight and fuel costs relative to the first half of the year, as well as further rationalization of heavy pandemic spending. The company has a goal of returning retail margin levels to what they saw before the coronavirus pandemic. Elsewhere, Anmuth is encouraged by the cloud service AWS's $100 billion backlog and sees solid growth for the sector going forward.

☆ A portfolio manager beating 99% of his peers this year breaks down why the market has another 15% to 20% of downside ahead — and shares the biggest mistake investors could make once the Fed begins to
▼ + stars: | 2022-10-17 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +7 min

Drawing from the dot-com crash, he believes the current bear market still has 15%-20% more downside. Abate also shared the biggest mistake investors could make once the Fed begins to ease once more. Today's bear market mirrors the dot-com crashPart of Abate's investment process involves drawing parallels between the current market and historical recessions. "I still think that we are in the midst of a bear market. Similarly, both bear markets were also kicked off by an "excessive period of poor allocation of investment capital," Abate said.

☆ Royal Mail could cut 5,000-6,000 jobs by next August
▼ + stars: | 2022-10-14 | by ( ) www.reuters.com time to read: +1 min

Oct 14 (Reuters) - Royal Mail could cut as many as 5,000 to 6,000 jobs by the end of August next year, parent company International Distributions Services (IDSI.L) said on Friday, as the British company remains locked in a bitter dispute with its largest labour union. The Communication and Workers Union (CWU), representing 115,000 Royal Mail postal workers, have held strikes in September and early October, and have threatened more strikes this month and next. Royal Mail would post an adjusted operating loss of around 350 million pounds this year, after taking into account the hit from the strikes that have taken place or are scheduled, International Distributions Services forecast. The company said there could be more job losses at Royal Mail, its UK business, if strikes went ahead during the holiday period. Royal Mail, the former British postal monopoly recently changed the name of its holding company to International Distributions Services from Royal Mail Plc.

☆ UK's Royal Mail reveals plans to cut up to 6,000 jobs by next summer
▼ + stars: | 2022-10-14 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

Royal Mail revealed plans Friday to cut up to 6,000 jobs by next summer following a summer of strikes by postal workers in the U.K."We will be starting the process of consulting on rightsizing the business in response to the impact of industrial action, delays in delivering agreed productivity improvements and lower parcel volumes," Royal Mail's parent group, recently renamed International Distributions Services , said in a release. "Based on current estimates, c.5,000-6,000 redundancies may be required by end of August 2023." The group on Friday reported a half-year adjusted operating loss of £219 million ($247.2 million), citing around £70 million of direct negative impact from three days of postal worker strikes. CNBC reported last week that leaders of the CWU (Communication Workers' Union) were in talks with Royal Mail bosses, including CEO Simon Thompson, as the company looks to avert a further 16 days of industrial action threatened by the union. It now expects to make a full-year operating loss of around £350 million, including the "direct, immediate impact of eight days of industrial action which have taken place or been notified to Royal Mail."

Search resuls for: "rightsizing"

25 mentions found