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One brave creator at Meta's "Instagram University" event, which gathered emerging creators, social-media managers, and journalists at Meta's Hudson Yards headquarters on October 6, did just that. "I just have a baby beef with Instagram," a beauty creator blurted out during a Q&A session wrapping up the event. Citing Meta's "really rough" last year, Mosseri said matter-of-factly, "I couldn't afford to run that program in the US." Mosseri did not indicate when exactly the right moment would be to bring back bonus payments to the US, however. This wasn't the only question creators had for Mosseri, who welcomed audience members to tell him what they wanted Instagram to change.
Persons: Adam Mosseri, blurted, it's, Mosseri, Instagram, We've Organizations: Meta's Locations: TikTok, Japan, South Korea
Johnson & Johnson is a buy after the company's consumer business spinoff earlier this year, according to RBC Capital Markets. The firm initiated Johnson & Johnson with an outperform rating and $178 price target, which suggests shares can climb about 14.5% from Wednesday's close. This separation has "unlocked potential" for Johnson & Johnson going forward, analyst Shagun Singh said. Singh also said the company's pharma franchise is poised to deliver competitive growth and that its medtech division is on pace to achieve "top-tier growth and profitability." The analyst added that Johnson & Johnson is trading below its historical multiples despite its improved financial profile since its Kenvue spinoff and that the company has potential upside from further M & A activity.
Persons: Johnson, Shagun Singh, Singh, , — CNBC's Michael Bloom Organizations: RBC Capital Markets, Johnson, Pharma, company's pharma Locations: Wednesday's
Those companies and organizations include Amazon, Samsung, the Denver Broncos, Cox Communications, STARZ, The Wall Street Journal, The Michael J. But that it apparently also believes it is appropriate to monetize the outlet’s vicious hate speech says volumes not only about the company’s ethics, but its supposed commitment to brand safety. X must be well aware that it is pairing advertisements with racist content, given that the NFL made noise about this very problem last week. In a Thursday night statement, X effectively acknowledged it has more work to do to make the platform safe for brands. Some of the brands whose advertisements appeared on VDARE’s account expressed strong displeasure on Thursday when they became aware of the situation.
Persons: Michael J, Linda Yaccarino, X, , , ” Jon Kelly, Puck, Kelly, Lou Paskalis, , ” Paskalis Organizations: CNN, Elon, Musk, Amazon, Samsung, Denver Broncos, Cox Communications, STARZ, Street, Fox Foundation, University of Missouri, Asian Development Bank, YouTube, NFL, Media, New York Waterway, ” Cox Communications, Wall Street Locations: University of Missouri , New York, Axios, York
Here are Tuesday's biggest calls on Wall Street: KeyBanc reiterates Nvidia as overweight KeyBanc raised its price target on Nvidia to $750 per share from $670 and said it sees "outsized growth." Bank of America adds FedEx to the US1 list Bank of America added the stock to its top picks list. "Upgrading Clean Energy Fuels (CLNE) from Outperform to Strong Buy, with the company on the cusp of ramping up in-house RNG production." JPMorgan reiterates Amazon as a top pick JPMorgan said ignore the noise and buy the dip in shares of Amazon. Bank of America initiates Dycom as buy Bank of America said in its initiation of the telecommunications infrastructure company that it's uniquely positioned.
Persons: KeyBanc, Ally, Evercore, bode, Stifel, Churchill, CHDN, Raymond James, Baird, Vestis, Piper Sandler, Tesla, IBKR, Morgan Stanley, Rivian, it's, Warby Parker, Booz Allen Hamilton, Goldman Sachs, Wedbush Organizations: Nvidia, Aclaris Therapeutics, ISI, Citi, Arista Networks, Arista, " Bank of America, FedEx, Bank of America, FedEx Corp, Owl Capital, Swift Transportation, Evercore ISI, TAM, Energy Fuels, JPMorgan, FTC, DOJ, HP Inc, underperform Bank of America, HPQ, UBS, Booz, of America, Emerson Electric, Warner Music Group, Apple, Constellation Brands Locations: China, CY23
The growth of artificial intelligence is creating a multitrillion dollar opportunity poised to benefit these software and technology stocks, according to Morgan Stanley. Nvidia shares have more than tripled this year as investors bet on the promise of its graphics processing units fueling many AI models. For Alphabet, Morgan Stanley forecasts that every 2% of AI spending could drive 5% upside to the company's cloud platform, and account for $3 billion in incremental revenue by 2026. Within the software space, the Morgan Stanley also highlighted Adobe as a long term beneficiary, noting that generative AI could accelerate EPS growth back toward the mid-high teens. "Generative AI functionality into existing workflows of a broad base of subscribers, enabling stickier customer engagement and opportunity to monetize incremental productivity provided to users," the firm said.
Persons: Morgan Stanley, Keith Weiss, Morgan Stanley's, Joe Moore, — CNBC's Michael Bloom Organizations: Microsoft, Nvidia, NVDA
NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAdvertisementTech stocks have struggled over the past two months – the mini-slump is a buying opportunity, according to UBS. "Tech stocks have remained under pressure in September, with rising yields and mixed results weighing on performance," a team led by CIO Mark Haefele wrote in a research note. "But, we believe the recent weakness provides a good opportunity to add exposure to artificial intelligence (AI) leaders." UBS's view is that the rollout of new AI products will give tech stocks a much-needed boost as investors gauge how listed companies will monetize the field.
Persons: that's, , Mark Haefele Organizations: UBS, Nasdaq, Service, Tech, Federal Reserve Locations: Swiss
A former Target vice-chairman said the internet had driven retail theft "through the roof." Online marketplaces are "like a flea market on steroids" for selling stolen goods, he told Fox Business. AdvertisementAdvertisementThe former vice-chairman of Target says that the internet is "like a flea market on steroids" for thieves looking to get rid of stolen goods. Gerald Storch told Fox Business on Wednesday that the internet had driven retail theft "through the roof." "It's like a flea market on steroids for getting rid of the product.
Persons: , Gerald Storch, Storch, Target Organizations: Target, Fox Business, Service, Retailers Locations: New York, Seattle, Portland
Meta's Threads real-time messaging app is struggling to attract new users like it did during its blockbuster July debut. Insider Intelligence said it expects Threads to have 23.7 million U.S. users in 2023, far behind Facebook, Instagram and TikTok, which have 177.9 million, 135.2 million and 102.3 million users, respectively. When Threads debuted, it rapidly gained millions of users due in part to its easy sign-up process for existing Instagram users. "Threads received an initial boost from Twitter's missteps, but it can't rely on X defectors to continue to grow," Insider Intelligence principal analyst Jasmine Enberg said in a statement. "Assuming Musk doesn't backtrack, the move will likely alienate more X users and potentially increase advertiser interest in Threads," Enberg added.
Persons: Meta, Elon Musk, Jasmine Enberg, Musk, Benjamin Netanyahu, Enberg, Mark Zuckerberg, TikTok Organizations: Intelligence, Facebook, Insider Intelligence, Tesla, Israeli, CNBC
Generative AI advancements can help Microsoft bounce back from its recent losses, according to Guggenheim. Analyst John DiFucci upgraded the stock to neutral from sell, saying the "potential monetary benefit from Generative AI is too strong a force to contend with" despite the company's recent underperformance. The analyst removed his price target on the stock as he believes the stock is trading around a fair valuation. Prior to the upgrade, DiFucci was the last analyst with a sell rating on Microsoft, according to FactSet. Guggenheim expects Office to continue to benefit from these factors, even aside Generative AI, he said.
Persons: John DiFucci, OpenAI, DiFucci, Guggenheim, GenAI, Michael Bloom Organizations: Microsoft, Guggenheim, ChatGPT, Microsoft's, Office
Taiwanese semiconductor giant TSMC has a sizeable lead in the chip industry which its competitors will struggle to catch up with, according to Kamil Dimmich, a portfolio manager at North of South Capital. Is Nvidia cheap? "Some of my colleagues think Nvidia is cheap and there's certain scenarios you could put together where Nvidia is cheap. The portfolio manager does not have holdings in Tencent , even as several investors consider it as a stock to watch out for. "If people remain negative on China [and start] selling China, like there's no tomorrow, then maybe [Chinese] stocks will go sideways.
Persons: Kamil Dimmich, Dimmich, They've, they're, TSMC, there's, , Tencent, it's Organizations: South, Samsung, South Emerging, Equity, Technology, Nvidia, Vipshop Holdings Locations: Taiwan, TSMC, China, Tencent
"Every day there's a new article or a story or disruption taking place," Andrew Howard, a partner at Shamrock Capital, told Insider this summer about the firm's media strategies. Shamrock, which is based in California, pursues strategies in the private markets, mainly through equity or debt-based investments. Founded as a family office in the late 1970s for members of the Disney family, the firm has blossomed into an institutional investor exclusively focused on media, entertainment, and communications. Howard likened the speed of today's transformations to the dot-com arms race that defined the Internet landscape two decades ago. "We're coaching kids whose parents are running major studios and companies within media and entertainment," Howard said.
Persons: Andrew Howard, Shamrock, Howard, we're, effectuate Organizations: Shamrock Capital, Disney Locations: California, Los Angeles
Bausch Health (BHC) is a different case. Key points Health-care stocks outperformed the broader U.S. stock market last year, but this year it's been much-tougher sledding for the sector due to a variety of headwinds. We feel comfortable owning our three other primary health care stocks: GE Healthcare, Humana and Danaher. In recent weeks, analysts at Wells Fargo and Citigroup have started coverage of GE Healthcare with buy ratings. The analysts at Jefferies now rate Bausch Health stock a buy, with a price target increase to $16 per share from $9.
Persons: There's Eli Lilly, Eli Lilly, That's, Eli Lilly's, Ryan Issakainen, we're, Issakainen, , Stryker, Jim Cramer, it's, Jim, We've, Bausch, BHC, We're, I'm, Jefferies, Jim Cramer's, Frederick Florin Organizations: GE Healthcare, Health, Federal Reserve, First Trust Advisors, Humana, Medicare, Dow, UnitedHealth, GE, General Electric, , Citigroup, Jefferies, CNBC, AFP, Getty Locations: what's, China, STE, Biogen, Wells, Bausch, Fegersheim, France
Elon Musk has proposed a paywall for X, but some experts are skeptical. Experts expressed doubts over Musk's motive and his ability to get users to pay up. Much of that strategy has been aimed at getting users to pay through a subscription service, Twitter Blue. "Getting everyone to pay even a small fee for X will be extremely difficult," Matt Navarra, a social-media expert, told Insider. "I think it's a risky strategy that may only speed up the deterioration of a platform in chaos."
Persons: Elon Musk, Musk, he's, Charlie Beckett, Matt Navarra Organizations: Service, Twitter, London School of Economics Locations: Wall, Silicon, Navarra
We're cautiously optimistic about Disney 's (DIS) decision to invest billions upon billions more into its booming theme parks. DIS 5D mountain DIS stock performance. In a separate note, KeyBanc believes Disney's DPEP segment has a "bright long-term future" after its analysts attended Disney's Investors Summit. Bottom line Disney's moat is its strong intellectual property that it can use to monetize and grow its business. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: We're, Bob Iger, doesn't, Iger, He's, Morgan Stanley, KeyBanc, Jim Cramer's, Jim Cramer, Jim, Joseph Prezioso Organizations: Disney, Disney Parks, Hulu, ESPN, CNBC, Comcast, Penn Entertainment, Investments, Disney's Investors, DIS, Parks &, Anadolu Agency, Getty Locations: Hulu
Public electric vehicle charging infrastructure remains "critical" in driving further EV adoption, said analysts at investment bank TD Cowen. "A ubiquitous and reliable network of public EV charging infrastructure remains critical in driving further adoption to curtail CO2 emissions from the transportation sector," said TD Cowen. Here are some areas that will take up the bulk of that opportunity, as well as stocks that could benefit, according to TD Cowen. Passenger EV charging hardware The bank estimates that $91 billion in investment is required for publicly available U.S. EV charging hardware and installations for passenger vehicles, and another $14 billion for commercial vehicles by 2030. "Ultimately, we think the next wave of EV charging companies will have a keen focus on the fleet /medium/heavy-duty sector," it said.
Persons: TD Cowen, Cowen, Gage, They're, ChargePoint, — CNBC's Michael Bloom Organizations: EV, ChargePoint Holdings, ABB, Software, DC Locations: U.S, United States, America
At the same time, legacy media companies face off against another well-known demon: cord-cutting. Technology companies such as Apple and Amazon can lean on their respective hardware and e-commerce businesses, said Paul Fanelli, a research analyst at Gabelli Funds. Even so, Wall Street sees only a handful of pure-play winners in the TV and streaming space winning consumer attention over the long run. Already, the technology companies have shown some promise. Consumers are increasingly forgoing pay TV packages from cable companies and opting for bundles from companies like Alphabet, he said.
Persons: Rosenblatt, Barton Crockett, It's, Netflix's, Ken Leon, Hollywood's, Leon, Jamie Lumley, Paul Fanelli, it's, Apple's, Amazon's, That's, Needham, Laura Martin, Martin, , John Hodulik, CNBC's, bode, Crockett, NBCUniversal's Peacock, Brandon Nispel, Nispel, Disney's hasn't, Fanelli, that's Organizations: Netflix, Apple, Paramount, Sky, Third, Gabelli, Warner, UBS, ESPN, Fox, NFL, Hulu, YouTube, KeyBanc, Comcast, Disney, Warner Bros, Max, DIS, Rosenblatt, ABC, Nexstar, CNBC Locations: France, United Kingdom
College athletes make money by posting branded content on social media and attending events with fans. Read more about the flow of NIL money in college sportsThe remaining 20% comes from brand deals, per Opendorse. Men's basketball players make the most from brand deals, the company has found. Read more about how the company boosted social-media engagement by hiring college athletes from niche sports like golf and cheerleadingSome college athletes have become social media stars, especially female students. Reese is one of the most followed college athletes and has signed NIL deals with companies like Amazon, Airbnb, and Playstation.
Persons: influencers, Read, Phoenix Sproles, It's, Kristi Dosh, they're, USC's Bronny James, LSU's Olivia Dunne, Angel Reese, Paige Bueckers, Caitlin Clark, Flau'jae Johnson, Chase Griffin, outperforming, Bryce Adams, Opendorse, Braly Keller, Doug Edert, LSU's Reese, Reese, Matthew Hinton, Blake Lawrence, Colin Salao Organizations: Phoenix, BusinessofCollegeSports.com, University of Minnesota, Dinkytown, Power Five, UCLA, JPMorgan Chase, Chase Griffin Student, Buffalo Wild Wings, St, Peter's University, Amazon, PlayStation, AP, Nike, Adidas, Companies Locations: Ohio
Web3 music platforms are changing the industry, giving artists better payouts and ways to reach fans. Orin FleurimontThe importance of direct-to-consumer offerings for music artists has never been more evident. It also uses familiar terminology throughout its platform and in marketing, similar to what one would find on traditional music platforms. The benefit of this hybrid approach is clear: In April, when much of the Web3 music space faced uncertainty, Even closed its $2.2 million seed round. Safeguarding security and enhancing educationWhile integrating Web3 and Web2 experiences on music platforms offers promising benefits, there are drawbacks and areas for improvement.
Persons: Tanerélle, Orin Fleurimont, Web3, Mag Rodriguez, Weston Rich, Rodriguez, Eric Bellinger, Shaun, Snoop Dogg, Tayla Parx, Bobby Shmurda, Andreessen Horowitz, Sound.XYZ, David Greenstein, Pablo Sáez David Greenstein, Brett Shear, Christopher Lee, Erin Leydon, Lee, merch, Vérité, IYK, Jamie Kim, Audius Organizations: Service, Spotify, Apple, PTC, Investments, IYK, IRL, Atlantic Records, NFC Locations: Wall, Silicon, Web3, Sound.XYZ
A new partnership between Microsoft (MSFT) and Oracle (ORCL) has the potential to benefit both Club holdings in the competitive cloud-computing landscape. Oracle, a database pioneer with more than 40 years of history operating in the market, had existing offerings geared toward Azure customers . Wall Street analysts were generally upbeat on the implications for Microsoft and Oracle, which joined the Club's portfolio a month ago. Analysts at Bernstein downplayed concerns that the deeper partnership with Microsoft will hurt Oracle's fast-growing cloud-computing service, known as Oracle Cloud Infrastructure. "This partnership also lowers the potential risk of Microsoft trying to target Oracle database customers to move off Oracle.
Persons: , Satya Nadella, Larry Ellison, Bernstein, prem workloads, Ellison, Oracle's, Salesforce, Brian Millham, Marc Benioff, Will Cathcart, there's, Mark Zuckerberg, Jim Cramer, WhatsApp, Susan Li, Jim Cramer's, Jim, Justin Sullivan Organizations: Microsoft, Oracle, Oracle Autonomous Database, Wall Street, Barclays, Deutsche Bank, Web Services, Oracle Cloud Infrastructure, Companies, Bloomberg, Financial Times, Meta Platforms, Meta, Facebook, CNBC Locations: Salesforce, San Francisco, Redwood Shores , California
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Jim Cramer said the affected Bronco plant at Ford (F) is a blow but not as big as it could have been had F-150 facilities been targeted. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Stocks, Ford, Bob Iger's, Byron Allen, Jim Cramer's, Jim Organizations: CNBC, Federal Reserve, United Auto Workers, Detroit, Bronco, Ford, Bank of America, Disney, ABC, Nexstar, Bloomberg Locations: U.S
“Overall, this has not been handled well by the White House,” Mr. Epstein said. “We think they should work with us on legitimate issues — things that actually matter to the American people,” Karine Jean-Pierre, the White House press secretary, told reporters. Neil Eggleston, who was a White House lawyer for Mr. Clinton, said it was important to draw the contrast. “The White House needs to continue to execute and be presidential,” he said. “It is too easy for the entire team to focus on responding to every new claim by the House Republicans.
Persons: Julian Epstein, Clinton, , ” Mr, Epstein, , ” Karine Jean, Pierre, Neil Eggleston, Mr, Biden Organizations: White, Republicans, White House, House Republicans Locations: House, Baghdad, U.S, White
Still, there are concerns about who owns the farm data and how it's being used. Chemeres said that he saw agriculture tech companies bombard farmers with innovations to mitigate this labor shortage. He believes the future of agriculture tech will be "almost surgical," he said, especially as AI comes into the field and becomes more sophisticated. These concerns came to a head in 2020, when Climate FieldView was accused of sharing farmers' data with Tillable, a platform that connects landowners with farmers. Not all tech companies do this.
Persons: Andy Lenkaitis, Lenkaitis Holsteins, Sarah Lenkaitis, Sarah, Lenkaitis, Bill Oemichen, Jeff Chemeres, Chemeres, Croptracker, Oemichen, that's, Bayer, FieldView, it's Organizations: Service, McKinsey, Credit Services, Data, Services, US Department of, The National Young Farmers Coalition, University of Wisconsin Survey Center, University of Saskatchewan, Bayer, US Locations: Wall, Silicon, Charles , Illinois, Minnesota, California, Washington, German
OnlyFans has become a go-to platform for creators, particularly in the sphere of adult content. From DMs to personalized content, here's how creators make $10,000 a month or more on OnlyFans. Ami Gan, the company's former CEO, said in October 2022 that OnlyFans had paid out $10 billion to creators since its founding in 2016, and that the platform had over 2 million creators. Promo "shoutouts": Creators rely on marketing tactics to get new customers, like buying and selling "shoutouts" from each other to advertise on OnlyFans and on other social-media platforms. Read more about the lucrative business of selling promotional "shoutouts" on OnlyFansHow 8 OnlyFans creators built their incomes to over $10,000 per month:How 3 OnlyFans creators are making over $100,000 per month:
Persons: OnlyFans, Ami Gan, Morgan Edwards, Edwards, Kitty K, Jade Nicole, Amber Sweetheart, Riley Reid, Reid, Read Organizations: Service, shoutouts Locations: Wall, Silicon
Cherie Luo is a Stanford MBA candidate and creator with about 120,000 TikTok followers. Here's the spreadsheet she uses to stay organized, and some tools she uses for time management. To facilitate this process, Luo uses a spreadsheet where she tracks her content schedule. A screenshot of the spreadsheet Luo uses to stay organized. "It tells me what are the platforms that I'm posting on most consistently, and what topics I'm covering."
Persons: Cherie Luo, Luo, she's, who's, Cherie Luo Luo Organizations: Stanford, YouTube Locations: Stanford, Japan
Merch company Spring has been hit with numerous lawsuits this year. The creator merchandise company Spring has been hit with a slew of lawsuits this year following the sale of its assets, in late 2022, to the software company Amaze. Spring, as a company, still exists but has been effectively defunct since the asset sale. That hasn't stopped the lawsuits against Spring (formerly known as Teespring) from piling up, however. Since January, Spring has been sued by several vendors and business partners, with global shipping company DHL being the latest to sue the company.
Persons: Amaze, Ty Huls, Huls, Spring, et, Broder Bros, It's, Evan Stites, Clayton, Chris Lamontagne, Annelies Jansen, OpenAI's Sam Altman, Jansen, What's, Michael Curtiss Organizations: DHL, Spring, Washington State Department of Revenue, DHL Ecommerce, Inc, Teespring Inc, Trade Credit Insurance Inc, Al, Former Spring, Amaze, Amaze Holding, Amaze Software Inc, Software Locations: Amaze, Teespring, Spring, WilliamsMarston
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