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☆ China records fewest marriages in more than three decades as population crisis looms
▼ + stars: | 2023-06-12 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +5 min

Some 6.83 million couples married in 2022, according to data released by China’s Ministry of Civil Affairs on Friday. That’s down around 10.5% from the 7.63 million marriage registrations in 2021 and marks a record low since 1986, when the ministry began releasing statistics, according to state media. Chinese officials see a direct link between fewer marriages and falling births in the country, where social norms and government regulations make it challenging for unmarried couples to have children. Efforts from Chinese officials in recent years to reverse trends of falling marriages and births have yet to see results amid the looming economic and social issues at play. The Ministry of Civil Affairs’ recent data release also showed a slight fall in divorce registrations, with 2.1 million couples divorced in 2022, down from 2.13 million couples the previous year.

Persons: That’s, – Organizations: Hong Kong CNN, China’s Ministry of Civil Affairs, Communist, United Nations, Authorities, Communist Party, Communist Youth League, China Family Planning, Ministry, Civil Affairs, China isn’t Locations: Hong Kong, China, Beijing, Communist China, India, Japan, South Korea

☆ Dara Khosrowshahi says Uber wants to make it 'absolutely effortless' for drivers – and passengers – to go green
▼ + stars: | 2023-06-10 | by ( Grace Dean | ) www.businessinsider.com time to read: +5 min

Uber wants to make it "absolutely effortless" for drivers and riders to go green, CEO Dara Khosrowshahi said, adding that "everyone should be able to live a low emissions lifestyle. EV 'charging anxiety'Key to Uber's sustainability push is whether it can persuade more drivers to buy or rent EVs. Rider-emissions statistics, carsharing, and sustainable-food packagingIt's not just drivers that Uber is trying to incentivize to go green. Khosrowshahi added that Uber chose London for the launch because it's Uber's EV hub. Of the more than 60,000 Uber drivers using EVs across Europe and North America, over 10,000 were in London, he said.

Persons: Uber, Dara Khosrowshahi, Sachin Kansal, Uber's, Kansel, Kansal, Divya Dalapathi, Dalapathi, Green, Khosrowshahi Organizations: EV, Rider, Portland International, Phoenix Sky, Uber, London Locations: London, Canada, Boston, Toronto, Europe, North America

☆ Debt ceiling deal done? Here's what's next for bond ETF investors
▼ + stars: | 2023-06-10 | by ( Kevin Schmidt | ) www.cnbc.com time to read: +2 min

With an agreement on the debt ceiling easing concerns on the macro level, the aftereffects of avoiding default could pose new challenges for bond exchange-traded fund investors. "Now [The Fed] is going to hit it with trillion dollars of sales that will make short-term Treasury rates rise," he said. Additionally, the trillion dollars taken out of the regional banking system and placed into money market funds added pressure on big and systemic banks, he said, increasing the Fed's constraint. As money market yields continue to rise, Lutnick said he sees capital continuing to flow out of equities and into money market funds and Treasury bond ETFs. "You're going to see the stock market go sideways, but the bond market is going to continue to draw in money and get a lot of power," Lutnick said.

Persons: Howard Lutnick, CNBC's Bob Pisani, Lutnick, Billy Hult, Hult, That's Organizations: Treasury Locations: Treasurys

Experts have mixed reactions on whether the budget will meet IMF requirements and the impact on the economy. The ‘No new Taxes on Industry’ claim is belied by increase in super tax and that too in not a fully progressive way. Will retailers and the agri sectors that together contribute 40% contribute more than 2% as a result of the budget? SHAHBAZ ASHRAF, CHIEF INVESTMENT OFFICER AT FRIM VENTURES“It is surely not a budget that the IMF would approve of. "The regional energy price budget, which has built in cross subsidies, general collection and distribution losses is something the export industry cannot sustain."

Persons: GHIAS KHAN, EHSAN MALIK, SHAHID HABIB, ARIF HABIB, ZULQARNAIN, ABDUL ALEEM, IRFAN IQBAL SHEIKH, MUSTAFA PASHA, SHAHBAZ ASHRAF, they've, There's, ” FAHAD RAUF, ISMAIL IQBAL, GOHAR EJAZ, Ariba Shahid, Jonathan Oatis, Nick Zieminski Organizations: International Monetary Fund, IMF, Pakistan, Reuters, FX, ENGRO CORP, OF, PAKISTAN BUSINESS, Industry, PAKISTAN, Company, FEDERATION OF PAKISTAN, OF COMMERCE, PKR, IN, MILLS ASSOCIATION, Thomson Locations: KARACHI, Pakistan, PAKISTAN, Karachi

The interest rates on high-yield savings accounts have been rising for months. See the best high-yield savings accounts »Get the latest tips you need to manage your money — delivered to you biweekly. And if you're wondering why we're talking about high-yield savings accounts in particular, it's this: The average interest rate for a regular savings account in the US is 0.40%. How to use a high-yield savings accountHigh-yield savings accounts aren't perfect, and they aren't for every situation. The Federal Reserve raises the federal funds rate to combat inflation, and you see the numbers rise: Mortgage interest rates go up, CD interest rates go up, savings interest rates go up.

Persons: It's, —, They're Organizations: Service, Federal Reserve

☆ China's state-run banks cut deposit rates to stimulate sluggish economic growth
▼ + stars: | 2023-06-08 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Six Chinese state-run banks cut their deposit rates, Bloomberg reported. On Thursday, institutions such as Industrial & Commercial Bank, Agricultural Bank of China, and Bank of China lowered rates by 15 basis points for three-year and five-year deposits and by 10 basis points for two-year rates, Bloomberg reported. Additionally, on-demand deposit rates dropped by 5 basis points, falling to their lowest level since 1996, The Financial Times said. By lowering deposit rates, banks can expect reduced costs, leading towards diminished lending rates. But according to Bloomberg, expectations are rising of further policy changes that may incite economic growth.

Persons: — Organizations: Bloomberg, Service, Commercial Bank, Agricultural Bank of China, Bank of, Financial Times, FT Locations: China, Bank of China

☆ A real-estate investor who spent a year talking to former landlords who lost money and had to sell their properties says their one major mistake was refusing to raise rent. He shares the strategy he u
▼ + stars: | 2023-06-07 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +7 min

McNeeley's 'binder strategy' allows him to increase rent, while still maintaining happy tenants. 'The binder strategy': asking tenants to increase their own rentMcNeeley's "binder strategy" involves sitting down with his tenants, explaining what the average rent prices in the area are, and ultimately asking them to set a fair price. The first page of the binder features a picture of the property they're renting and the amount McNeeley paid for it. "The tenants asked for more than a $300 increase because it's still below the area average and they're still getting a deal," McNeeley said. Typically, McNeeley employs the binder strategy when he acquires a new property and then does a 5% rent increase every other year.

Persons: Dion McNeeley, McNeeley, that's, he'll, they're, It's, He's, he's, handymen, they'd, I've Organizations: McNeeley Locations: Tacoma , Washington, Washington, McNeeley's

☆ Thousands are living in RVs on Los Angeles’ streets. Leaders want to shrink the number, but the solution is elusive
▼ + stars: | 2023-06-05 | by ( Nick Watt | ) edition.cnn.com time to read: +10 min

Los Angeles CNN —Early one recent Friday morning, sanitation workers, homeless-outreach workers and LAPD officers arrived on a little street in the west of Los Angeles. In Los Angeles, you are allowed to sleep in a vehicle on some streets. She was elected last year on a platform dripping with intent to handle the various homelessness issues plaguing Los Angeles. “We have not resolved the RV issue yet,” Mayor Karen Bass told The Los Angeles Times in March. And for now, for thousands of people, an RV’s roof over their heads is all they can afford in Los Angeles.

Persons: Anderson Cooper, Jasmine, ’ ”, LaTonya Smith, Traci Park, Joseph, ”, Smith, “ I’m, “ vanlords, “, ” Park’s, “ It’s, Dmitry Korikov, ” Korikov, Karen Bass, Bass, Joseph Center, ” Bass, RVs, ” Councilwoman Monica Rodriguez, ” Smith Organizations: Los, Los Angeles CNN, LAPD, Catholic Church, Joseph Center, “, CNN, “ Staff, Angeles County, American National Standards Institute, Fire Protection Association, ” CNN, Los Angeles Times, Los Angeles Homeless Services Locations: Los Angeles, Jasmine, RVs, Los Angeles County, St, Angeles, City, California, Russia, Ukraine, Venice

☆ US crude oil exports to gain tail winds from Saudi July output cut
▼ + stars: | 2023-06-05 | by ( Arathy Somasekhar | ) www.reuters.com time to read: +3 min

U.S. oil exports touched a record 4.5 million bpd in March with China's growing oil purchases and competitive U.S. pricing lifting demand. The exports are about a third of U.S. production, even as the country's crude oil stocks are down near the low levels recorded at 815 million barrels. Brent traded at about $77.28 on Monday, below the about $80 per barrel that Saudi Arabia needs to fund its government budget. U.S. shale oil production has been inching higher all year, and is forecast to hit 5.71 million bpd this month. "But the near term impact (on drilling) is moderate at best," he added.

Persons: Matt Smith, Paul Sankey, Brent, Mike Oestmann, Arathy Somasekhar, Gary McWilliams, David Gregorio Our Organizations: Saudi, Sankey Research, New York ., U.S, Reuters, Thomson Locations: Saudi Arabia, Europe, Asia, . U.S, Saudi, New York, New York . U.S, City, Texas, WTI, Houston

☆ Starbucks' iconic coffee cup has a climate problem as mobile, drive-thru orders boom
▼ + stars: | 2023-06-03 | by ( Kaitlin Balasaygun | ) www.cnbc.com time to read: +10 min

The experience of on-the-go coffee may be reshaped if Starbucks achieves its reusable cup goal. Reusable coffee cup initiatives around the worldStarbucks has been experimenting with reusable cup concepts in markets around the world. Customers can then return their reusable cup at a participating store or by using the Starbucks app at a cup return kiosk. Even though a reusable cup option has been in place at Starbucks for over 30 years, many consumers, and Starbucks employees, remain oblivious to its existence. The future of the Starbucks' cup has broad implications.

Persons: —, Amelia Landers, Matt Prindiville, hasn't, Conrad MacKerron, MacKerron, Prindiville, IGD, Prindville, Kelly McBee, McBee, They're, Landers, Grace Lee Organizations: Starbucks, Business, CNBC, Arizona State University, Consulting, Clean Locations: Colorado, Hawaii, Taiwan, South Korea, Tokyo, Singapore, London, Geneva, Paris, Europe, Middle East, Africa, U.S, Seattle

☆ I'm an ex-Amazon senior leader. Here's why layoffs keep happening and why ambitious managers are fueling them.
▼ + stars: | 2023-06-02 | by ( Brandon Southern | ) www.businessinsider.com time to read: +5 min

He explains that companies say they want efficient teams but don't reward those who create them. Southern also says that managers add headcount when seeking a promotion and bloat the company. By hiring more team members, the manager's scope would naturally increase which increased the odds of being promoted. And efficient teams aren't actually helping them get there. This is why so many leaders first look to add more headcount instead of first looking to make the organization more efficient.

Persons: Brandon Southern, —, I've, they're, it's Organizations: eBay, GameStop, Service, Microsoft, Google, Amazon, Gamestop, VMware Locations: Southern, bloating

☆ Tech workers are sick of the grind. Some are on the search for low-stress jobs.
▼ + stars: | 2023-05-29 | by ( Grace Kay | ) www.businessinsider.com time to read: +5 min

Tech workers on Blind are discussing ways to find "low pressure" jobs. Some tech workers said they'd be willing to take lower pay in exchange for less stress. The golden era of tech is on its way out as tech workers continue to face mass layoffs. Earlier this week, a Meta worker posted on the anonymous job site Blind asking peers if they had any ideas for "low-pressure jobs." Other workers on Blind expressed similar anxieties, and several tech workers said they'd be willing to accept much lower pay to work in a less stressful environment.

☆ TikTok Shop, a rising threat to Shopee and Lazada in Southeast Asia
▼ + stars: | 2023-05-26 | by ( Sheila Chiang | ) www.cnbc.com time to read: +7 min

CFOTO | Future Publishing | Getty ImagesTikTok Shop is a rising threat to major e-commerce players such as Shopee and Lazada in Southeast Asia. TikTok Shop is the e-commerce marketplace of short video app TikTok, which is owned by Chinese tech giant ByteDance. In 2022, TikTok Shop expanded to six Southeast Asian countries — Singapore, Malaysia, Indonesia, the Philippines, Vietnam and Thailand. TikTok is "focused on the continued development of TikTok Shop in Southeast Asia," said the spokesperson. To incentivize sellers to join the platform, TikTok Shop waived commission fees when it launched in Singapore in August.

Persons: TikTok, Shopee, Shawn Yang, Shop's, Sachin Mittal, Lazada's GMV, Jonathan Woo, Lazada, Shou Zi, Woo, bode Organizations: Blue Lotus Research Institute, Sea Group, DBS Bank, CNBC, Intelligence, Phillip Securities Research, TikTok, U.S, Merchants, SG, Phillip Securities Locations: Southeast Asia, India, Singapore, Malaysia, Indonesia, Philippines, Vietnam, Thailand, Southeast, GMV, U.S, Statista, Brazil, China, U.S ., Montana, Texas, Nomieo

☆ ‘Uncle Roger’ jokes about China and censors don’t see the funny side
▼ + stars: | 2023-05-22 | by ( Chris Lau | ) edition.cnn.com time to read: +4 min

By Saturday his account on China’s highly censored Weibo platform had been barred from creating new posts. ‘Don’t make him disappear’Ng, 32, shot to fame three years ago with a video of Uncle Roger – an outspoken middle-aged man who speaks with a thick Malay accent – making fun of BBC Food presenter Hersha Patel’s way of cooking Chinese-style egg-fried rice. The sketch Ng posted on Twitter last week was filmed at his recent stand-up tour, which broached more political subjects. In one clip, after learning that an audience member is from China’s southern Guangzhou province, Uncle Roger says China is a “good country.”“We have to say that now, correct? “Uncle Roger good comrades,” he quipped.

☆ AI startup cloud deals by Microsoft, Google and Amazon ring 'accounting alarm bells' across Silicon Valley over revenue 'round-tripping'
▼ + stars: | 2023-05-19 | by ( Eugene Kim | Stephanie Palazzolo | ) www.businessinsider.com time to read: +10 min

Some investors question whether these arrangements are artificially juicing cloud revenue growth. When Microsoft announced a multibillion-dollar investment in OpenAI earlier this year, the deal made Azure the ChatGPT-maker's "exclusive cloud provider." There's another deal in the works with similar attributes involving Runway AI and a major cloud company. But they are drawing more scrutiny lately because they could artificially inflate cloud revenue, a key driver of growth for Microsoft, Google, and Amazon, according to Ted Mortonson, managing director of financial-services firm Baird. Is OpenAI a regular cloud customer that is getting no investment money from Microsoft?

☆ Her son said his stepdad was sexually abusive. A judge gave the stepdad custody anyway. Then she found the photographs.
▼ + stars: | 2023-05-18 | by ( Olivia Gentile | ) www.businessinsider.com time to read: +58 min

Robert confronted Winenger with the allegations that November, and within weeks Winenger denied the claims in family court. In a family court hearing in Vista, California, on October 28, 2021, Commissioner Patti Ratekin chastised Jill Montes for allegedly alienating her kids from her ex-husband. From a list provided by the Delaware Family Court, Kelly chose a psychologist, William Northey. Their father cited the report in asking a Delaware family court judge to order the boys to change schools. Family Court of the State of Delaware, New Castle CountyCiting the email and a subsequent report, Michael pressed Ostroski to order the transfer.

Persons: he'd, Robert, stepdad, Thomas Winenger, Winenger, Robert's, Jill Montes, Montes, Patti Ratekin, she'd, Ratekin, Richard Gardner, Gardner, Lynn Steinberg, she's, Maya, shrieks, Joan Meier, They'd, —, Meier, Tom Brenner, Paige, Maggie Shannon, Claire, Eden, Weeks, Hester Prynne, Mitra Sarkhosh, Sarkhosh, San Diego Robert, Tom Winenger, Tamatha Clemens, Miguel Alvarez, Alvarez, overreact, Alvarez didn't, Bridges, Janell Ostroski, Linda Gottlieb, Ostroski, Michael D, Ashton, Alfield Reeves, Michael, Kelly D, Kelly, who've, Randy Rand, Chris, Rand, he's, Rand isn't, Jane Shatz of, Joann Murphey, Murphey, Steinberg, Ally Toyos, Kit R, Toyos, Emily, Richard Warshak, Elizabeth Loftus, Harvey Weinstein's, Loftus, Hannah Rodriguez, Linda Gottlieb's, Gottlieb, Rodriguez, Yvonne Parnell, Brian Ludmer, Ludmer, Parnell, aren't, Daniel Barrozo, Mom, Jean Mercer, Mercer, who'd, Michael Saini, Saini, Hannah Yoon, — Ashton, Judge Ostroski, William Northey, Northey, O, Addie Asay, mistreating Ashton, Rachel Brandenburg, Brandenburg, I've, Michael's, Gardner's, Gardner dosed, Dr, Paul Fink, Fink, Warshak, William Bernet, Patrick Clancy, doesn't, She'd, Brian Fitzpatrick, Sen, Susan Rubio, Meier's, Rebecca Connolly, didn't, Connolly, Heidi Simonson, Rubio, Theresa Manzella Organizations: Investigations, San, Business, Child Welfare, of, American Psychiatric Association, World Health Organization, American Professional Society, George Washington University, Violence Law, George Washington University Law School, Columbia University, PAS, Sarkhosh, San Diego County Sheriff's Department, California Health, Welfare Agency, Psychology, Bridges, Texas, Roane, Stockton University, University of Toronto, Families, Delaware Family Court, Family, Delaware Family, Association of Family, Conciliation, Newsday, University of Texas Southwestern Medical Center, HarperCollins, Family Bridges, Vanderbilt University, Disorders, The Justice Department, WHO, of Social Welfare, Family Law, Winenger, Montes, Superior Locations: San Diego County, Vista , California, of California, Family Bridges, United States, Santa Cruz , California, Sacramento, Los Angeles, San Diego, toddlerhood, Ratekin, San, California, Eden, New Castle County , Delaware, New York, Ashton, Delaware, Jane Shatz of California, Seattle, Southern California, Texas, Kansas, Toyos, Bozeman , Montana, Family, Tampa , Florida, New, Hudson Valley, Chino , California, Wilmington , Delaware, of Delaware, New Castle County, Denver, Washington, Pennsylvania, Susan Rubio of Los Angeles County, statehouses, Watsonville , California, Santa Cruz, Michigan , Kansas, Utah, Colorado, Montana

☆ The world can cut plastic pollution by 80% by 2040, the UN says
▼ + stars: | 2023-05-16 | by ( Laura Paddison | ) edition.cnn.com time to read: +4 min

CNN —Countries could slash plastic pollution by 80% in less than two decades, according to a new report from the United Nations Environment Programme. Plastic pollution is a scourge that affects every part of the world, from the Arctic, to the oceans and the air we breathe. UNEP’s report aims to offer a roadmap to governments and businesses to dramatically cut levels of plastic pollution. This would be the most “powerful market shift,” reducing plastic pollution by 30% by 2040, the report said. Scaling up recycling levels could reduce plastic pollution by a further 20%, according to the report.

☆ Argentina raises interest rate to 97% as it struggles to tackle inflation
▼ + stars: | 2023-05-15 | by ( Stefano Pozzebon | ) edition.cnn.com time to read: +2 min

CNN —The Central Bank of Argentina raised its key interest rate Monday by six percentage points to 97% in an effort to tackle soaring inflation that has reached 30-year highs. Central banks across the globe are struggling to rein in inflation, but it’s a particular problem in Argentina, where the annual inflation rate soared above 100% last month. (By comparison, inflation hovers below 5% in the US, where the central bank has raised key interest rates by five percentage points over 14 months.) Argentina’s central bank is also hoping the rate hike will incentivize investments in the country’s currency, according to the central bank’s statement released Monday. “When a central bank raises the interest rate, the effects are felt some two or three months afterward, and that timescale is not effective in Argentina’s situation.”— Elisabeth Buchwald contributed reporting.

The law is viewed as a watershed for domestic solar manufacturing, which has struggled for years to compete with a flood of cheap imports from China. Since passage of the IRA, companies have announced more than $13 billion in U.S. factory investments, according to the Solar Energy Industries Association (SEIA). According to Treasury's proposed guidelines, the manufactured products in a typical solar energy facility would include modules, trackers and inverters. But solar cells account for about 30% of the costs of the products that make up a solar facility, making them a large piece of the puzzle. The top solar trade group, Solar Energy Industries Association, had proposed that panels assembled in the United States should qualify for the credit regardless of where the cells inside them are produced.

☆ Credit card companies need to explain the 'exorbitant' late fees they're charging customers, says Elizabeth Warren
▼ + stars: | 2023-05-09 | by ( Ethan Dodd | ) www.businessinsider.com time to read: +6 min

Sen. Elizabeth Warren wants to know if credit card companies stand with the banks. Currently, credit card companies are permitted to fine consumers up to $41 for each missed credit card payment — no questions asked. The other nine credit card companies Warren sent the letter to did not immediately reply to a request for comment. She wanted to know why reducing credit card late fees would be any different. Warren also asked each credit card company to answer how much money they collect in credit card fees each year — and the proportion from low-income earners — and the actual cost of collecting those fees.

Our experts answer readers' credit card questions and write unbiased product reviews (here's how we assess credit cards). You can save hundreds of dollars by booking round-trip or multi-city itineraries instead of one-way flights. Even if you only need a one-way flight, you can save money by booking a round trip and forfeiting the return flight. Google FlightsMulti-city flights get similarly discounted resultsThose looking for one-way flights often plan to visit more than one destination. If you're traveling with a group, you could easily save thousands of dollars by booking round-trip flights instead of one-ways.

Among Gen Z super savers (ages 18-25), 28% have an annual salary of less than $35K, with deferral rates of 15%+. 50% of super savers are 40 years old or younger and 53% make less than $100K annually. In our research, we learned several things from Gen Z super savers. 7 plan design updates to help more Gen Z employees become retirement super saversA few simple updates can help modernize your employer-sponsored retirement plan to prepare for the newest generation of workers. Among Gen Z super savers, 87% say their employer-sponsored retirement plan will be their main source of income in retirement.

☆ The SEC just paid out nearly $279 million to a tipster in its largest-ever award. Here's an inside look at the crazy world of whistleblower lawsuits.
▼ + stars: | 2023-05-08 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +11 min

The regulator announced a nearly $279 million award to a whistleblower on May 5, more than double the previous record of $114 million awarded in October 2020. When whistleblower information leads to settlements, tipsters can earn between 10 and 30 percent of the financial penalties paid by wrongdoers. When whistleblower information leads to settlements, the tipsters can earn a percentage of the financial penalties paid by wrongdoers. The tipster's law firm, Kirby McInerney, worked with state authorities on the investigation after "Tooley's" lawsuit was filed. This means tax-fraud whistleblowers will increasingly look for ways to bring their tips to New York law enforcement to be more involved in the investigation process.

☆ DC Mayor Muriel Bowser wants to expand tax breaks for developers turning empty downtown offices into much-needed housing
▼ + stars: | 2023-05-08 | by ( Eliza Relman | ) www.businessinsider.com time to read: +3 min

DC's mayor has proposed an expansion of tax relief for developers who convert offices into residences. The city has more than 20 million square feet of unused office space — an unprecedented vacancy rate, according to the DowntownDC Business Improvement District's 2021 report. —Mayor Muriel Bowser (@MayorBowser) December 15, 2022The mayor and city officials say the tax relief, called the Housing in Downtown (HID) Abatement, is necessary to incentivize and speed up costly commercial building transformations. "We know that creating new housing in downtown will lead to a more vibrant neighborhood and 24/7 economy. The Housing in Downtown Abatement Program will incentivize more conversions, and bring about more housing affordability and retail opportunities."

☆ Deutsche Bank says buy this solar stock as margins, cost concerns fade
▼ + stars: | 2023-05-05 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

The future is look brighter for shares of SolarEdge Technologies , according to Deutsche Bank. Analyst Corinne Blanchard upgraded the solar stock to buy from hold, saying in a Thursday note to clients that the company's quarterly results help alleviate some cost, margin and execution fears. "We are increasingly constructive on the name, given previous concerns around cost control, better geographic localization of its supply chain and margin pressure have faded away," she said. SEDG YTD mountain Shares in 2023 SolarEdge jumped 6.6% on Thursday after posting quarterly results that beat analyst expectations. Along with the upgrade, Blanchard lifted her price target on shares to $375, reflecting 33% upside from Thursday's close.

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