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The ex-president will be in Eagle Pass, scene of a border showdown between the Biden administration and Texas Republican Gov. “He spent three years not going to the border,” Trump told Real America’s Voice Tuesday. But White House and Biden campaign officials see a unique opportunity for Biden to point the finger at Republicans on border security. The American voters will see it,” Cedric Richmond, a Biden campaign co-chair, told CNN. And Biden’s decision to immediately undo multiple Trump immigration policies offered an opening to the GOP.
Persons: Joe Biden, Donald Trump, They’re, Biden, Greg Abbott, Trump, who’s, Biden’s, Reagan, , ” Trump, ” Biden, it’s, Abbott, Ron DeSantis, Republicans don’t, ” Cedric Richmond, , , “ Trump, Alejandro Mayorkas, Mike Johnson, we’re, Laken Hope Riley, Sean Hannity, Alayna Treene Organizations: CNN, Texas Republican Gov, White, Trump, Democratic, Black, State of, Union, Real America’s, Republican, Florida Gov, Biden, Republicans, Democrats, GOP, Homeland, Conservative Political, Conference, Shelby Park, Augusta University, Fox News, Washington Locations: Texas, Eagle, Brownsville, Gaza, State, Mexico, Ukraine, Washington, DC, Asia, Africa, Rio Grande
Republican lawmakers in Georgia are pushing to toughen state laws that govern detentions of undocumented migrants after a killing at a college campus sent shock waves through the state. Last Thursday, the body of Laken Riley, a 22-year-old woman, was found in a wooded area on the campus of the University of Georgia in Athens. Officials said that Mr. Ibarra and Ms. Riley did not know each other before the encounter that ended in Ms. Riley’s death. As an outpouring of grief ensued in Athens, immigration policies in Georgia have come under renewed scrutiny, with Republican lawmakers looking to exercise more state power over local law enforcement agencies. Mayor Kelly Girtz of Athens-Clarke County has faced criticism from conservatives for his welcoming stance toward migrants, and a bill in the State House that would harden Georgia’s existing laws on immigration has gained new momentum.
Persons: Laken Riley, Jose Antonio Ibarra, Mr, Ibarra, Riley, Mayor Kelly Girtz Organizations: University of Georgia, Republican Locations: Georgia, Athens, Venezuela, Clarke
Washington CNN —President Joe Biden and his political opponent Donald Trump both agree: The situation along the US-Mexico border needs to change. “Join me – or I’ll join you – in telling Congress to pass this bipartisan border security bill,” Biden said, addressing Trump directly. “The United States is being overrun by the Biden migrant crime,” Trump said in Eagle Pass, adding that Biden has “the blood of countless innocent victims” on his hands. “We work for the American people.”Addressing Trump, Biden said: “So instead of playing politics with the issue, why don’t we just get together and get it done?”It’s an unlikely prospect. Biden previously signaled openness to Republican-favored concessions in order to get the border bill passed.
Persons: Joe Biden, Donald Trump, Biden, Trump, ” Biden, ” Trump, , Biden’s, , ’ ” Biden, , Let’s, doesn’t, Greg Abbott, Laken Hope Riley, “ barbarically, , ” Riley, terrifically, Crooked Joe Biden, Jose Antonio Ibarra, Ibarra –, Riley, “ They’re, ratcheting, Trump’s, Abbott, ” Abbott, Priscilla Alvarez, Daniel Dale, MJ Lee Organizations: Washington CNN, Trump, Republicans, Biden, CNN, Russia, Texas Gov, Investigators, Research, Republican, Abbott, Democratic Locations: Mexico, Texas, Brownsville, entreating, Eagle, Georgia, United States, America, Ukraine, Gaza, . Texas, Austin
AMC Entertainment, often viewed as a bellwether for the industry as the world’s largest movie theater chain, is not immune to those challenges. Taylor Swift attends "Taylor Swift: The Eras Tour" Concert Movie World Premiere at AMC The Grove 14 on October 11, 2023 in Los Angeles, California. While box office revenues have not yet recovered to pre-pandemic levels, until this year, they had been on an upward trajectory. Wold lowered his projection for the domestic box office to $8.6 billion, down from $8.9 billion earned in 2023. Upping the showmanshipDespite the box office slowdown this year, AMC found itself at the center of yet another viral moment earlier this month.
Persons: “ Barbie ”, “ Oppenheimer, , , It’s, “ Barbenheimer, Taylor, Taylor Swift, Matt Winkelmeyer, Adam Aron, ” Aron, , Paul Dergarabedian, Eric Wold, Riley, Wold, Barbie, Iris Schneider, Dergarabedian, “ There’s, Deadpool, Barbie ”, Alicia Reese, Michael O’Leary Organizations: CNN, AMC Entertainment, AMC, Hollywood, ZUMA, Warner Bros, Dodge, Wedbush, Dolby, National Association of Theatre Owners Locations: Los Angeles , California
The retail giant announced last week that it plans to buy smart TV maker Vizio in a $2.3 billion deal. Here's a closer look at the major reasons Walmart wants to buy Vizio . Walmart can capitalize on Vizio's reachWhen shoppers think of Vizio, they likely envision store aisles filled with giant TVs. Walmart's in-house TV brand, Onn, currently has a licensing deal with smart TV competitor Roku . Plus, Walmart sees how much money its competitor, Amazon , makes from advertising — and wants to run the same play.
Persons: Joe Raedle, It's, Corey Tarlowe, Dan Day, Jefferies, Tarlowe, SmartCast, Kirby Grines, Vizio, Grines, Michael Morton, you've, That's, Morton Organizations: Walmart, Getty, Jefferies, Netflix, Hulu, Amazon, Riley Securities, Roku Locations: Hallandale Beach , Florida, Irvine , California, MoffettNathanson
New York CNN —Former President Donald Trump is once again warning the stock market is doomed unless voters return him to the White House. He went on to say a loss for him would spark “the largest stock market crash we’ve ever had.”But there is no evidence to support that claim. “This is just an encore presentation of what he said last time,” said Art Hogan, chief market strategist at B. Riley Financial. In fact, the stock market has generated higher annual returns when Democrats are in power. It’s true that Trump’s surprise victory in November 2016 helped spark an impressive rally in the stock market as investors bet on deregulation, tax cuts and infrastructure.
Persons: Donald Trump, Trump, you’re, ” Trump, , Brian Gardner, “ There’s, ” David Kelly, , Kelly, Joe Biden, Biden, Hogan, ” Sam Stovall, he’s, “ It’s, Dow, ” Kelly, Gardner, James Singer, CNN it’s “, ” Singer, Jerome Powell —, Powell, Jerome Powell, Greg Valliere, Trump’s Organizations: New, New York CNN, CNN, White, Trump, Asset Management, Dow, Riley, CFRA Research, GOP, , Nasdaq, Federal Reserve, JPMorgan, Biden, Republicans, Democrat, Research, , Republican, AGF Investments Locations: New York, Washington, Trump, China
When a 22-year-old nursing student was found dead on a wooded trail at the University of Georgia in what’s believed to be the first homicide on campus in nearly 30 years, it set off waves of grief and fear that shook the university to its core. But when a 26-year-old migrant from Venezuela was charged on Friday with kidnapping and murdering the student, Laken Riley, it did something else: It transformed Athens and Clarke County, a community of about 130,000 people some 70 miles east of Atlanta, into the latest flashpoint in the political fight over American immigration policy. In a social media post on Monday, former President Donald J. Trump called the suspect, Jose Antonio Ibarra, a “monster,” and blamed President Biden for an “invasion” that is “killing our citizens.” Earlier in the day, at an event at the university, Gov. Brian Kemp of Georgia decried “an unwillingness by this White House to secure the southern border.”A third Republican, Representative Mike Collins, who represents Athens, wrote on social media: “The blood of Laken Riley is on the hands of Joe Biden, Alejandro Mayorkas and the government of Athens-Clarke County,” referring to the unified city-county government.
Persons: what’s, Laken Riley, Donald J, Trump, Jose Antonio Ibarra, Biden, Brian Kemp of Georgia, , Mike Collins, Joe Biden, Alejandro Mayorkas Organizations: University of Georgia, Gov, Republican Locations: Venezuela, Athens, Clarke County, Atlanta, Clarke
CNN —A vigil will be held Monday afternoon for Laken Hope Riley, an Augusta University nursing student who was found dead after jogging on the University of Georgia campus last week, as her suspected killer’s immigration status has drawn the scrutiny of Republican leaders. Riley, who was a UGA student until May 2023, was found dead Thursday near a lake on the university’s campus from blunt force trauma, according to UGA Police Chief Jeff Clark. Riley’s killing has left the University of Georgia to grieve two tragic deaths that occurred less than a day apart: Her body was discovered just hours after the death of a UGA student the previous night. The Monday afternoon vigil will be co-hosted by Riley’s Alpha Chi Omega sorority at UGA in remembrance of both of the dead students, the university said. Clark referred to Riley’s killing as a “crime of opportunity,” noting he believes the suspect acted alone.
Persons: Laken Hope Riley, Riley, Jeff Clark, Jose Antonio Ibarra, Ibarra, Clark, haven’t, ” Clark, outcries, Brian Kemp, Joe Biden, ” Kemp, Joe Biden’s, Mike Johnson, Riley’s, Biden, , ” Jose Antonio Ibarra Clarke, Greg Abbott, Diego Ibarra, Peers, , , ” Riley, ” Laken Hope Riley, Lauren Phillips, “ I’m, LISTo, CNN’s Ashley R, Williams, Rebekah Riess, Priscilla Alvarez, Isabel Rosales, Jaide Timm, Garcia, Jamiel Lynch Organizations: CNN, Augusta University, University of Georgia, Republican, UGA, UGA Police, Investigators, GOP, Riley’s Alpha Chi Omega, Police, ” Police, Customs, Georgia Gov, Sheriff’s, Governors, Republican Texas Gov, Democratic, Biden, Pew Research, ICE, New York City, NYPD, US, Office, Middle, Middle District of Georgia, Augusta University College of Nursing, UAC, Facebook, of Nursing, Hispanic Student Association Locations: Venezuelan, Mexico, Middle District
A 26-year-old man charged with kidnapping and murdering a nursing student at the University of Georgia in Athens will remain in jail after he was denied bond at a hearing on Saturday, the authorities said. Ms. Riley, a student at nearby Augusta University and a former student at the University of Georgia, had been reported missing by friends after she did not return from a run. Mr. Ibarra, a resident of Athens who is not a U.S. citizen, migrated to the United States from Venezuela, the authorities said. That release, or parole, was a practice the administration used when officials were overwhelmed with high numbers of crossings. Some six million Venezuelans have fled their troubled country, the largest population displacement in Latin America’s modern history.
Persons: Jose Antonio Ibarra, Laken Riley, Jeffrey Clark, Riley, Ibarra Organizations: University of Georgia, Augusta University, Border Patrol Locations: Athens, U.S, United States, Venezuela
CNN —The suspect in the killing of an Augusta University College of Nursing student on the University of Georgia campus in Athens did not attend school at the campus and did not know the victim, authorities said Friday. The Athens-Clarke County Coroner identified the 22-year-old nursing student on Friday morning. All classes on the University of Georgia’s Athens campus were canceled Friday and will resume Monday, the school said. I will miss and love you forever Laken.”Before her enrollment at Augusta University, Riley was a student at the University of Georgia until 2023, UGA spokesperson Cole Sosebee said. Riley’s body was discovered mere hours after the death of a University of Georgia student the previous night.
Persons: Laken Hope Riley, , Jeff Clark, Jose Antonio Ibarra, Ibarra, Riley, Clark, ” Clark, haven’t, Greg Trevor, Riley “, , Joshua L, Jones, , ” Riley, Lauren Phillips, “ I’m, Cole Sosebee Organizations: CNN, Augusta University College of Nursing, University of Georgia, Augusta University, ” University of Georgia Police, Campus, University of Georgia’s, ” Police, Police, UGA, College of Nursing, University of, University of Augusta College of Nursing, of Nursing, University, Georgia Locations: Athens, Clark, Clarke, , University of Georgia’s Athens
Riley was an Augusta University College of Nursing student at its campus in Athens, which is also home to the University of Georgia. She was a junior on the dean’s list, Augusta University said. “The victim was an undergraduate student at the University of Georgia until the spring of 2023, and then she became a nursing student at the Augusta University nursing program in Athens,” UGA spokesperson Cole Sosebee said. Obtained by CNNAll classes on the University of Georgia’s Athens campus are canceled Friday and will resume Monday, the school said. Augusta University has canceled Friday classes at the College of Nursing campus in Athens, which is about 2.5 miles from the University of Georgia’s intramural fields.
Persons: Hope Riley, , Greg Trevor, Riley, Sonny Wilson, Jeffrey L, Clark, Cole Sosebee, Laken Hope Riley, Augusta University’s, Brooks A, Keel, Joshua L, Jones Organizations: CNN — University of Georgia Police, UGA, Augusta University College of Nursing, University of Georgia, Augusta University, CNN, University of Georgia Police, Police, ” UGA, University of Georgia’s, College of Nursing, University of, ” Augusta University, UGA Police Department, USA, Brumby Hall Locations: Athens, Clarke, , University of Georgia’s Athens, Clarke County
Read previewTaylor Swift fans are a dedicated group, but complaints about the pop star's merch have some calling for a boycott in recent months. However, some fans on social media are calling out what they described as the poor quality of her merch and delayed shipping times. Instead of blaming Swift for the merch, many fans are looking at her record label Universal Music Group for the delays and poor quality. Another Redditor posted expectation vs. reality photos of a $40 "1989" tote bag ordered online. Others online called out the "poor quality" of the tote bag and said that it's nothing new for Swift's merch site.
Persons: , Taylor Swift, Swifties, Pollstar, Swift, Redditor, subreddit, hadn't, Swift's, I'm, taylors, TeJDBDyfBj — Riley 🤍🖤 Organizations: Service, Business, Universal Music Group, tote
A 26-year-old man was charged on Friday with kidnapping and murdering a nursing student whose body was found in a wooded area at the University of Georgia in Athens the previous day, the authorities announced. They called the homicide, the first in nearly 30 years on campus, “a crime of opportunity” and said that the two apparently had not known each other. The victim, Laken Riley, 22, was an undergraduate student at the school until the spring of 2023 and then enrolled at Augusta University’s nursing program, which has a campus in Athens, school officials said. University police identified the suspect as Jose Antonio Ibarra, 26, at an evening news conference. He said that while Mr. Ibarra lives in Athens, he is not a citizen of the United States.
Persons: , Laken Riley, Augusta University’s, Jose Antonio Ibarra, ” Jeffrey Clark, Ibarra, Clark Organizations: University of Georgia, Augusta, University police Locations: Athens, Augusta, United States
Here are Tuesday's biggest calls on Wall Street: Morgan Stanley downgrades Oatly to equal weight from overweight Morgan Stanley resumed coverage of the oats company and said it sees too many negative catalysts. " Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it's sticking with Tesla despite a slew of negative data points in a recent investor survey. Morgan Stanley reiterates Nvidia as overweight Morgan Stanley said it's standing by Nvidia heading into earnings later this week. Morgan Stanley initiates CG Oncology as buy Morgan Stanley said shares of the bladder cancer company are "compelling." "We initiate coverage on Morgan Stanley Direct Lending with a Buy rating and $23.50 PT.
Persons: Morgan Stanley downgrades Oatly, Morgan Stanley, Tesla, Bernstein, Siri, it's, Disney, Ingersoll Rand, Rosenblatt, MSCI's, Goldman Sachs, Wolfe, Piper Sandler, Riley, Grainger, Northcoast, JPMorgan downgrades Holley Organizations: Apple, Nvidia, Disney, RBC, Aerospace, BAE Systems, Caterpillar, SMCI, Deutsche Bank, JetBlue, Alaska Air, ASM, Health, BrightSpring Health, Brunswick Corporation, Barclays, JPMorgan, Mizuho, Oncology, UBS, Morgan, Fund, Seaport, Booking Holdings, " Bank of America, AIG, Bank of America, General Insurance Locations: Silicon Valley, Alaska, Brunswick, MIBS, Texas, Europe, Asia
NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today's big story, we're looking at why side hustles are all the rage these days . Call it “overemployed light,” but working side jobs for some extra income is en vogue, especially for young people. For as much energy as they put into eliciting change, they also view their job as… just a job.
Persons: , I've, Andrew Hollenhorst, we’re, hasn’t, Gen Zer, Jackie Mitchell, Mitchell, Business Insider’s Madison Hoff, Michell isn’t, Zers, don’t, Z, Eve Upton, Clark, Keida Dervishi, Jeremy Grantham, ” Grantham, Riley Wealth's Paul Dietrich, Bryan Erickson, Craig Hastings, Isabel Fernandez Pujol, Oppenheimer, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Business, Service, Citi, Boston Globe, Labor, Getty, Netflix, Walmart Locations: California, TikTok, New York, London
There is a significant amount of short interest in B. Riley Financial at 62.8% of the stock's float, or 10.4 million shares as of Jan. 31. Fisker has seen short interest continue for several weeks now. During the latter half of January, short interest remained flat but still amounted to 53.5% of the company's stock float. Short interest accounts for nearly a third of Blink Charging's total stock float. Shares of SunPower have fallen 25% this year, while Plug Power has lost more than 8%.
Persons: SunPower Organizations: Dow Jones, Nasdaq, CNBC Pro, New York Stock Exchange, Nasdaq Exchange, Riley, Street, Franchise, Riley Financial, Fisker, EV
UBS hiked its price target on Nvidia , citing an attractive valuation and strong demand for its chips. The firm upgraded shares to overweight from neutral and upped its target price by $17 to $68, which implies 24.3% potential upside. He upgraded shares to buy from neutral and increased his price target from £17 to £21. — Pia Singh 5:47 a.m.: UBS hikes Nvidia price target UBS is getting even more bullish on Nvidia ahead of the chipmaker's fiscal fourth-quarter earnings report. Despite the price target increase, Nvidia shares were down 1% in the premarket.
Persons: Riley Securities downgrades, Jeff Lick, Children's, Lick, — Pia Singh, Piper Sandler, Trimble, Clarke Jeffries, Mark Palmer, Palmer, Andrew Baum, Baum, GSK's, Timothy Arcuri, Arcuri, NVDA, Fred Imbert Organizations: CNBC, UBS, Nvidia, Citi, GSK, Riley Securities, Children's, Investment, Block Locations: Lick, Monday's, C2H
Cillian Murphy told GQ that he doesn't take photos with fans, and it made a big difference in his life. If a fan recognizes him in public, Murphy prefers to have a quick chat instead. AdvertisementCillian Murphy would much rather have a chat with a fan who encounters him in the wild than take a photo with them. However, Murphy spoke to the fan for 20 seconds. Cillian Murphy at the UK premiere of "Oppenheimer."
Persons: Cillian Murphy, Murphy, , Oppenheimer, GQ's Daniel Riley, Per Riley, you've, Vianney Le Caer, I'm, I've Organizations: Service, GQ, Observer, Rolling Stone UK
Morgan Stanley initiates Ford as a top pick Morgan Stanley said it's standing by its top pick status on Ford. Morgan Stanley initiates Dynatrace as equal weight Morgan Stanley initiated the software stock with an equal weight and said patience is needed. Morgan Stanley reiterates Disney as overweight Morgan Stanley said Disney's participation in a sports streaming bundle is 'low-risk." Morgan Stanley adds Huntington Bancshares to the financials finest list Morgan Stanley added the regional bank to its financials finest list. Morgan Stanley reiterates Rivian as overweight Morgan Stanley said it's standing by its overweight rating on the stock, but that the company will need "substantial funding" to complete its Georgia plant.
Persons: Goldman Sachs, Goldman, ANET, hyperscaler, Morgan Stanley, Ford, it's, Dynatrace, Redburn, Evercore, Susquehanna, Piper Sandler, Trimble, Piper, Riley, Bernstein, Disney, Huntington Bancshares, Huntington, Banks, Stephens, Cantor Fitzgerald, Stratasys, Cantor, Rivian Organizations: Arista Networks, Ford, downgrades, Airlines, UBS, Nvidia, NextEra Energy Partners, Taiwan Semiconductor, Apple, Apple Services, DIS, FOX, Deutsche Bank, Walmart, Citi, GSK, " Bank of America, of America Locations: NVDA's, North America, NAPA, Georgia
“Jimmy” Van Eaton, a pioneering rock ‘n’ roll drummer who played behind the likes of Jerry Lee Lewis and Billy Lee Riley at Sun Records in Memphis, Tennessee, died Friday at age 86, a family member said. “The one exception was JM Van Eaton.”Van Eaton became a core of musicians that performed at Sun through the 1950s, the newspaper reported. By the early 1980s, Van Eaton began four decades of working in the municipal bond business. He was a member of the Rockabilly Hall of Fame and Memphis Music Hall of Fame. In addition to his wife, Van Eaton is survived by a son and daughter.
Persons: , Jimmy ” Van Eaton, Jerry Lee Lewis, Billy Lee Riley, Van Eaton, Deborah, Lewis, Riley, Bill Justis, Charlie Rich, James Mack Van Eaton, ” Van Eaton, Sam Phillips, Jerry Lee, ” Phillips, Elvis Presley Organizations: Sun Records, Appeal, Sun, Rockabilly Hall of Fame, Memphis Music Hall of Fame Locations: MEMPHIS, Tenn, Memphis , Tennessee, Memphis, Alabama, Tennessee
A tactical shift by Ukraine will likely make it even harder for Russia to gain new territory in its invasion, an expert told Business Insider. Riley Bailey, a Russia analyst at the Institute for the Study of War, told BI that Ukraine's defenses will make it "harder for Russian forces to attack head on into entrenched fortified positions. Russia has already struggled to make progress, and these fortifications will likely make its goals even harder to reach. It frustrated advanced Ukrainian weaponry like tanks. 110th Separate Mechanized BrigadeThe extra fortifications will now make Russian decision-making harder, Bailey said.
Persons: Riley Bailey, Bailey, Thomas Peter TPX, Patrick Bury, William Alberque, Ukraine doesn't, Alberque, Jack Watling Organizations: New York Times, Institute for, Business, REUTERS, Patrick, UK's University of Bath, NATO, Mechanized, International Institute for Strategic Studies, Reuters Locations: Ukraine, Russia, Ukrainian, Kupiansk, Kyiv, Avdiivka
Here are Monday's biggest calls on Wall Street: Goldman Sachs reiterates Nvidia as buy Goldman raised its price target on the stock to $800 per share from $625. "So, since our price target is > $135, we must necessarily believe that Tesla's OTHER businesses will emerge to drive upside. JPMorgan downgrades Mattel to neutral from overweight JPMorgan said in its downgrade of Mattel that the Barbie boost was short-lived for the toy company. JPMorgan reiterates Amazon as overweight JPMorgan said it's standing by top idea Amazon. " JPMorgan reiterates PayPal as overweight JPMorgan said it's standing by PayPal heading into earnings later this week.
Persons: Goldman Sachs, Goldman, Cantor Fitzgerald, Cantor, it's, Piper Sandler, Tesla, Piper, Riley downgrades, Redburn, TD Cowen, Smith Douglas, it's bullish, JPMorgan downgrades, Barbie, Evercore, , Moffett, Guggenheim, Davidson downgrades Clorox, cyberattack Organizations: Nvidia, Bank of America, Apple, Apple's, Vision, Tesla Energy, Cedar Fair, SIX, Citi, JPMorgan downgrades, JPMorgan, Broadband, Companies, Smith, Smith Douglas Homes, JPMorgan downgrades Mattel, Mattel, Guggenheim, Inc, DA, PayPal Locations: United States
Five expats to Iceland told Business Insider about the biggest challenges they faced. "I used to be afraid of winter coming," Jewells Chambers, who relocated from Brooklyn seven years ago and makes the podcast All Things Iceland, said. Public transport is 'terrible'"Driving is the standard in Iceland," Chambers said. "I think tourism has been wonderful for Iceland," Basappa said. And the main street in Reykjavik used to be Icelandic boutiques, but "everything got swept up and turned into puffin shops," she said.
Persons: You've, Shruthi Basappa, Jewells Chambers, Grace Dean, Chambers, Sonia Nicolson, Jeannie Riley, Nicolson, Riley, you've, Basappa, Alice Olivia Clarke, She'd, expats, Chambers doesn't, They're, they'd, It's, Soeren, Clarke, Airbnb, Brooklyn . Nicolson Organizations: Statistics, Business, SEI, Hallmark, Toyota, Facebook, Tourism, Getty Locations: Iceland, Statistics Iceland, India, Barcelona, Brooklyn, Texas, Canada, Reykjavik, puffin, expats, Brooklyn .
After turbocharging late 2023's stock market rally, some of the " Magnificent 7 " technology darlings are looking less magnificent this year. Shares of Meta and Nvidia are leading the Magnificent 7 for the year, with both stocks jumping roughly 34% each. The rest of the Magnificent 7 stocks, however, have received anywhere from 70% to 85% buy rating consensus. While the other five are forecast to see at least double-digit earnings growth estimates, analysts predict Apple's earnings growth to stay relatively unchanged. On the other hand, consensus estimates call for Tesla earnings to fall by 20%.
Persons: turbocharging, Tesla, Art Hogan, Hogan, Baird, Elon Musk's, Ben Kallo, Tim Long, Piper Sandler, Harsh Kumar, Charles Schwab, Kevin Gordon, Gordon, Ed Yardeni, isn't, Yardeni, Russell, Fred Imbert Organizations: Nvidia, Meta, Microsoft, Apple, Wall Street, Riley Wealth Management, CNBC, BYD, Barclays, Blips, Yardeni Research, titans Locations: Delaware, China
Wall Street continues to climb a wall of worry even as investors deliberate how much longer equities can maintain their record run. But questions remain for investors after some major disappointments in an intense week suggested more challenges ahead. Apple dropped 3% this week after reporting lackluster earnings, weighing on the Dow Jones Industrial Average. Elsewhere in corporate earnings, regional banks as represented by the SPDR S & P Regional Banking ETF slid 7% after poor results from New York Community Bank spurred investor fears of a wider contagion. Signs of market weakness For investors, there may be more issues in the market going forward in 2024.
Persons: Stocks, Jerome Powell, Apple, Scott Rubner, Goldman Sachs, Rubner, Russell, Liz Ann Sonders, Charles Schwab, CNBC's, Sonders, Lehman, Raymond James, Josh Beck, James McCann, Abrdn, McCann, Rhys WIlliams, Williams, it's, Art Hogan, They're, Hogan, Estee, Eli Lilly, Ralph Lauren, Rowe Price, Philip Morris Organizations: Meta, Dow Jones, Regional Banking, New York Community Bank, Bank, Microsoft, Nvidia, Apple, Markets, Wayve Capital Management, Riley, Atlanta, PMI, Simon Property, Companies, Tyson Foods, Semiconductor, Caterpillar, Prudential Financial, Ford Motor, Enphase Energy, GE Healthcare Technologies, Consumer, Walt Disney Co, Wynn Resorts, PayPal, Brands, CVS Health, Hilton Worldwide, Uber Technologies, Costco Wholesale, Motorola Solutions, Expedia, Rowe Price Group, ConocoPhillips, The Hershey Co, Philip Morris International, PepsiCo Locations: China
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