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☆ Where Old Vegas is still alive today
▼ + stars: | 2024-03-03 | by ( Matt Villano | ) edition.cnn.com time to read: +11 min

MuseumsMuseums are obvious celebrations of the past, and in Las Vegas, these two museums have direct links to the Vegas of old. At the Neon Museum, Old Vegas is showcased in the form of neon signs. Other attractionsSeveral other sights and destinations around Las Vegas keep the city’s past alive in this modern age. At one point every casino in Las Vegas had a machine like this one; today this is the only coin-operated iteration left. Finally, the most recognizable throwback to Old Vegas might be the neon “Welcome to Fabulous Las Vegas” sign at the south end of the Las Vegas Strip near Mandalay Bay Resort & Casino.

Persons: upstage Travis, Taylor, Usher, Jackie Gaughan, Kenny Epstein, Epstein, Gaughan, “, ”, you’ve, Bugsy Siegel, Meyer Lansky, La Concha, Caesar, Chris Welsch, Frank Sinatra, Dean Martin, Sammy Davis Jr, Sinatra, Hugo’s, El Cortez, Barbara Streisand’s, Bauer, Griffin, Vegas Vickie, Vickie, Derek Stevens, Vic, Betty Willis, YESCO Organizations: CNN, Sin, Bellagio, Vegas, Eiffel, El, Fremont Street, National Register of Historic Places, Casino, Hotel, Museums, Mob Museum, National Museum of, US Post Office, Commerce, Neon Museum, Las, Virgin Hotels, Minneapolis Star Tribune, Italian American, Four Queens Casino, Las Vegas, Sigma Derby, Fremont Locations: Sin City, Las Vegas, Paris, Vegas, Hotel Nevada, Fremont Street, America, Old Vegas, Sahara, Virgin Hotels Las Vegas, Las, Fremont, Mandalay

☆ Republicans slam Defense Secretary Austin's 'unacceptable' handling of hospitalization
▼ + stars: | 2024-02-29 | by ( Ryan Anastasio | ) www.cnbc.com time to read: +3 min

U.S. Defense Secretary Lloyd Austin testifies before a House Armed Services Committee hearing about his failure to disclose his cancer diagnosis and subsequent hospitalizations, on Capitol Hill in Washington, U.S., February 29, 2024. Republicans grilled U.S. Secretary of Defense Lloyd Austin at a hearing Thursday about the handling of his January hospitalization following his cancer diagnosis. Thursday's hearing centered around why the Deputy Defense Secretary and the White House were not immediately informed that Austin was hospitalized after complications arose from surgery to treat his prostate cancer. ... As you know, I've apologized, including directly to the president, and I take full responsibility," Austin said at Thursday's hearing. The Defense Department's inspector general is also conducting a review of the incident.

Persons: Lloyd Austin, Defense Lloyd Austin, Mike Rogers, Austin, Michael Waltz, she's, you've, I've, Joe Biden, Jim Banks, Adam Smith Organizations: Defense, Armed, Capitol, Pentagon, House Armed Service Committee, Deputy Defense, White, Republicans, Armed Services Committee Locations: Washington , U.S, United States, Ukraine

☆ I developed an Instagram addiction as a new mom. I now delete and redownload the app every day to set boundaries.
▼ + stars: | 2024-02-28 | by ( Annie Atherton | ) www.businessinsider.com time to read: +5 min

After having a child, I began using Instagram compulsively as a diversion and quick form of escape. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . But eventually, I realized I was addicted to social media and made changes to set up boundaries around the app. AdvertisementAfter having a child, Instagram became an addictionDuring the long, slow days of early parenthood, I checked the app compulsively. AdvertisementSo far, I feel way less distracted and anxious during the day.

Persons: —, I'd, Instagram, who's, haven't, it's, I've Organizations: Service Locations: Gaza

Loop Capital initiated Dell Technologies with a buy rating and a price target that implies more than 35% upside. Analyst Stephen Grambling hiked his price target by $9 to $49, while keeping his rating at overweight. Salesforce has popped nearly 14% in 2024, extending gains after the stock price came close to doubling in 2023 alone. Roseka's price target of $27.10 shows the potential for just 3.6% in upside compared with Tuesday's ending price. Analyst Ananda Baruah initiated coverage of the technology stock with a buy rating and a $125 price target.

Persons: Stifel, Smucker, Raymond James, Rick Patel, Patel, — Alex Harring, Kenneth Worthington, Worthington, Alex Harring, Morgan Stanley, Stephen Grambling, DKNG's, Grambling, DraftKings, Jackpocket, Morgan, Wednesday's premarket, Goldman, Goldman Sachs, Kash Rangan, Rangan, Bernstein, Daniel Roeska, Stellantis, Roseka, KeyBanc, Sophie Karp, CEG, Karp, Matthew Smith, Smith, Fred Imbert, Dell, Ananda Baruah, DELL, Baruah Organizations: CNBC, Dell Technologies, FactSet, Apollo Global Management, JPMorgan, APO, Grambling, Constellation Energy, Constellation, Dell, Capital, DELL Locations: Tuesday's, Wednesday's premarket, Grambling, Wednesday's, Salesforce, Netherlands, U.S, Europe

☆ Here are Wednesday's biggest analyst calls: Apple, Nvidia, Salesforce, Dell, Microsoft, Snap, McDonald's & more
▼ + stars: | 2024-02-28 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Morgan Stanley reiterates Apple as overweight Morgan Stanley said it's standing by Apple amid reports the company canceled its car project. Barclays reiterates Microsoft as overweight Barclays says investments made in advertising is a "$50 billion opportunity" for Microsoft. Goldman Sachs reiterates Salesforce as buy Goldman said it sees "upside" heading into Salesforce earnings Wednesday afternoon. Barclays initiates Weatherford as overweight Barclays says the oil services company is a "reborn industry player." Barclays upgrades Ecolab as overweight from equal weight Barclays says it has "strong visibility" for the food safety company.

Persons: Smucker, Stifel, DELL, Morgan Stanley, Apple, it's, NVDA, Goldman Sachs, Goldman, FSLR, Salesforce, Raymond James, Bernstein, Stellantis, Cantor Fitzgerald, Cantor, KBW, it's bullish, Guggenheim, McDonald's, Craig, Hallum Organizations: Apple, Barclays, Microsoft, U.S, " Bank of America, Nvidia, Bank of America, Constellation Energy, JPMorgan, Apollo, JMP, Weatherford, Bright, Holdings Locations: J.M, CY2026, Europe, UK, China, India, CEG

☆ 10 fascinating facts about Nvidia CEO Jensen Huang, who has a company tattoo and dozens of direct reports
▼ + stars: | 2024-02-27 | by ( Aaron Mok | ) www.businessinsider.com time to read: +6 min

Nvidia cofounder and CEO Jensen Huang is on track to be one of the richest people in the world. Here are 10 surprising facts about Huang, from his Nvidia tattoo to his staggering number of direct reports. AdvertisementJensen Huang, the CEO and cofounder of Nvidia, is leading the charge towards an AI future — with his company making billions. He has a tattoo of Nvidia's logo on his shoulderNvidia founder, president and CEO Jensen Huang displays his tattoo in September 2010. "The more direct reports the CEO has, the less layers are in the company," Huang said during an interview at the 2023 DealBook Summit.

Persons: Jensen Huang, Huang, —, who's, it's, Lori, Chris Malochowsky, Curtis Priem, Robert Galbraith, you've, Fortune, Noah Berger, what's, He's, he'll, Jackie Chan Organizations: Nvidia, Service, Oneida Baptist Institute in, Wired, NPR, Oregon State University, HP, Stanford, New York Times, Wilson Jackets, New Yorker, Yorker, New York Times DealBook Locations: Oneida Baptist Institute in Kentucky, California, Shutterstock

☆ Workers at Elon Musk's Boring Company have reportedly faced chemical burns from sludge while building tunnels
▼ + stars: | 2024-02-26 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Some workers at The Boring Company experienced injuries including chemical burns, Bloomberg reported. AdvertisementSome workers at The Boring Company have dealt with chemical burns and close-call accidents during the construction of the Las Vegas tunnel system, according to a recent report from Bloomberg. Bloomberg reported that OSHA fined The Boring Company $112,504 last fall after it found eight "serious" violations. A spokesperson from The Boring Company did not respond to requests for comment from Business Insider or Bloomberg. The Las Vegas tunnel is used to ferry people back and forth on Teslas from the Las Vegas Convention Center to other nearby attractions.

Persons: —, Musk Organizations: The Boring Company, Bloomberg, OSHA, Boring, Service, The, Company, Las, Conventions, Resorts, Occupational Safety, Health Administration, The Boring, Business, Las Vegas Convention, SpaceX Locations: Las Vegas, Hawthorne , California, Vegas

☆ Spending in Shenzhen: Chinese used to escape to this former British colony. Now Hongkongers are heading in the opposite direction
▼ + stars: | 2024-02-24 | by ( Chris Lau | Veronica Lin | ) edition.cnn.com time to read: +13 min

Hong Kong CNN —With Hong Kong’s sky-high cost of living, residents like Andy Tsui have been looking for alternative ways to have more fun and spend less. Rather than spending his cash in his hometown of Hong Kong, he’s been crossing the border into mainland China to splurge instead. Such trips are noteworthy because, for much of Hong Kong’s modern history, the traffic has been largely — conspicuously, even — in the other direction. Hong Kong used to be the place where Chinese would escape to, not from. In 2023, just 26 million mainlanders — about half of the 2018 crowd — visited Hong Kong.

Persons: Andy Tsui, he’s, boba, ” Tsui, Justin Robertson, Noemi Cassanelli, CNN Hong Kong’s, Hong Kong —, misbehaving, —, ”, Steve Tsang, Hong, Shenzhen’s, Hongkongers, Gilles Sabrie, Hongkonger Eddy Lam, Lam, Cherrie Leung, Qilai Shen, Hugo Sin, “, Gary Ng, John Lee, Tsang Organizations: Hong Kong CNN, CNN, Shoppers, Yuen, Britain, Newspapers, Hong, Hong Kong Immigration Department, China Institute, SOAS University, Huawei, Tencent, Bloomberg, Getty, Sam’s Club, Costco, Sam’s, Walmart, Hong Kong, Shenzhen hasn’t, Xinhua, RTHK, SOAS University of London Locations: Hong Kong, China, splurge, Peking, Shenzhen, East, Hong, People’s Republic of China, British, Beijing, London, Bay Area, San Francisco , New York, Tokyo, Kowloon, Coco, Shanghai, “, Inner Mongolia, Taiwan, Japan, Mainland China, Hong Kong’s, Britain, Canada, Australia, Bay, ”

☆ Google says Microsoft offered to sell Bing to Apple in 2018, but search-quality issues got in the way
▼ + stars: | 2024-02-24 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Microsoft offered to sell its Bing search engine to Apple in 2018, Google said in a court filing earlier this month. In the fourth quarter, Microsoft generated $3.2 billion from search and news advertising, while Google search and other revenue totaled $48 billion. Google said in its filing that when Microsoft reached out to Apple in 2018, emphasizing gains in Bing's quality, Microsoft offered to either sell Bing to Apple or establish a Bing-related joint venture with the company. Google said Apple CEO Tim Cook sent an email to Apple executives about the assessment of Bing, but his remarks are redacted in the filing. Cue testified that "if Apple did not receive the massive payments it sought from Google, Apple would have developed its own search engine," the Justice Department asserted in its filing.

Persons: Tim Cook, Eddy, Apple's, Bing, Apple, Satya Nadella, Rob Sanderson Organizations: Apple, Allen, Co . Media, Technology Conference, Microsoft, Google, U.S . Justice Department, Bing, Safari, Justice Department, Windows, MSN, Department, Bloomberg Locations: Sun Valley , Idaho

☆ Recruiters have no excuse for ghosting job applicants. Here are 2 simple ways to keep candidates in the loop.
▼ + stars: | 2024-02-23 | by ( Alyshia Hull | ) www.businessinsider.com time to read: +4 min

To avoid ghosting job candidates, Church would schedule updates and ask for follow-up emails. There are four main reasons recruiters ghost candidates. Unfortunately, there are times when recruiters just ghost job candidates, and I don't think they should. When I was a recruiter, here are two simple ways I prioritized my candidates and avoided unintentional ghosting. They're hiring more, working more, and have more candidates on their plate than normal.

Persons: Nolan, there's, —, I've, you've, doesn't, ghosting, it's Organizations: Google, Service, Nolan Church, cofounding, DoorDash Locations: Salt Lake City

☆ Why the Microsoft default font change from Calibri to Aptos upset some users
▼ + stars: | 2024-02-22 | by ( Catherine E. Shoichet | ) edition.cnn.com time to read: +11 min

The default font in her Word document was different, even though she hadn’t done anything to change it. Some die-hards even expressed their continued devotion to Times New Roman, the default font Calibri unseated in 2007. Is it arguably somewhat ridiculous to get worked up over a font change? pic.twitter.com/fV9thfdAr4 — Microsoft (@Microsoft) April 28, 2021The company has said the advent of higher resolution screens was a big factor behind their search for a successor. What’s going on?’”A graphic released by Microsoft detailing its new default font, Aptos.

Persons: Stef Luthin squinted, “, ” Luthin, Luthin, she’d, ’ ” Luthin, Calibri, —, — –, ”, she’s, “ I’ve, Thomas Phinney, Elle Cordova, ” Aptos, ” Calibri, ” Cordova, Steve Matteson, Cordova, Siri, Alexa, Aptos, “ We’ve, we’ve, Matteson, Carl Kasell, Stephen Colbert, Phinney, ” Phinney, he’s, What’s, Luthin’s TikTok, Joel Payne, Payne, who’s, Katherine Stockton, “ Aptos, it’s, There’s, they’ll, we’ll Organizations: CNN, Microsoft, Times, Aptos, YouTube, LinkedIn Locations: Chicago, ”, —, California, Colorado, Santa Cruz , California, Vancouver , British Columbia, Cambridge, England, Stockton, who’s

☆ I ditched my smartphone for 12 months but it was a bad decision
▼ + stars: | 2024-02-21 | by ( William Haigen | ) www.businessinsider.com time to read: +5 min

When my iPhone suddenly stopped working 12 months ago, my immediate reaction surprised me. Like, according to PC Mag 67% of millennials, I’ve tried and failed to spend less time on my phone. I’ve downloaded all of the productivity apps, tried making rules and systems, and read books about breaking bad habits — to no avail. WhatsApp only works if you have a smartphone, so friends and family who don’t use Facebook Messenger are nearly uncontactable. I’ve become quite accustomed to not even having my phone on or taking it with me everywhere I go.

Persons: I’ve, Steve Jobs ’, overstimulation, I’m, —, Hyperconnectivity Organizations: Service, Business, Nokia

☆ What to expect from Nvidia earnings after the stock's 'recent parabolic run-up'
▼ + stars: | 2024-02-21 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Some Wall Street analysts are bracing for a pullback in Nvidia shares after the chipmaker reports fiscal fourth quarter results after the bell Wednesday. "We reiterate Buy/top pick ahead of NVDA Feb-21 earnings but won't be surprised to see a notable but brief pullback after the recent parabolic run-up in the stock," wrote Bank of America analyst Vivek Arya in a recent note. Nvidia shares slid more than 4% during Tuesday's session, but they have surged 40% in 2024. "Hence, we see limited room for further earnings upside in 2024 relative to the sales and earnings surprise that we saw in 2023." Even if Nvidia tops estimates, some on Wall Street anticipate a post-earnings decline akin to what's occurred during previous prints.

Persons: NVDA, Vivek Arya, Frank Lee, Tom O'Malley, Morgan Stanley's Joseph Moore, haven't, Rosenblatt, Raymond James, Srini Pajjuri, O'Malley, Timothy Arcuri, Evercore ISI's Julian Emanuel, — CNBC's Michael Bloom Organizations: Nvidia, Bank of America, HSBC, Barclays, UBS

☆ Palo Alto Networks shares drop most since 2012 IPO
▼ + stars: | 2024-02-21 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Nikesh Arora, CEO of Palo Alto Networks, speaks on CNBC's "Squawk Box" at the WEF Annual Meeting in Davos, Switzerland, on Jan. 16, 2024. Palo Alto Networks shares dropped 28% on Wednesday, the worst trading session since the cybersecurity hardware and software maker's 2012 initial public offering. The company lowered its full-year billings outlook to a range of $10.1 billion to $10.2 billion, from $10.7 billion to $10.8 billion. The revenue guidance moved to a range of $7.95 billion to $8 billion, from $8.15 billion to $8.2 billion. WATCH: Chart of the Day: Palo Alto Networks

Persons: Nikesh Arora, Palo, Wells, Andrew Nowinski, Stefan Schwarz, Arora, — CNBC's Rohan Goswami Organizations: Palo Alto Networks, MGM Resorts, Defense, Systems, Rosenblatt Securities, Palo Alto Locations: Davos, Switzerland, 23andMe, U.S, Palo, billings

☆ Here's why Capital One is buying Discover in the biggest proposed merger of 2024
▼ + stars: | 2024-02-21 | by ( Hugh Son | ) www.cnbc.com time to read: +5 min

It's a chess move by one of the savviest long-term thinkers in American finance, Capital One CEO Richard Fairbank. Fairbank, who became a billionaire by building Capital One into a credit card giant since its 1994 IPO, is betting that buying rival card company Discover will better position the company for global payments' murky future. The deal, if approved, enables Capital One to leapfrog JPMorgan as the biggest credit card company by loans, and solidifies its position as the third largest by purchase volume. By 2027, the bank expects to add at least $175 billion in payments and 25 million of its cardholders onto the Discover network. The Discover network alone would be worth up to $6 billion if sold to Alphabet, Apple or Fiserv , Sakhrani wrote Tuesday in a research note.

Persons: Richard Fairbank, Marvin Joseph, It's, Fairbank, Sanjay Sakhrani, Sakhrani Organizations: Washington Post, Getty, Capital, Discover Financial, U.S, JPMorgan Chase, Independence, Discover, JPMorgan, Visa, Mastercard, American Express, One's, PayPal Locations: Wall, U.S

A railroad stock and a fast food giant were in focus Wednesday among early analyst calls. Barclays raised its rating on Norfolk Southern to a buy-equivalent rating, and his new price target calls for about 20% upside. The firm downgraded the retailer to reduce from hold and maintained a $323 per share price target. — Brian Evans 5:44 a.m.: Barclays upgrades Norfolk Southern Norfolk Southern could see a shake-up to its leadership, and Barclays thinks these changes could lead to strong gains for the stock. He also hiked his price price target to $305 from $255.

Persons: SolarEdge's, Morgan Stanley, Andrew Percoco, Goldman Sachs, Brian Lee, SEDG, Vikram Bagri said.Bagri, — Brian Evans, Piper Sandler, Piper Sandler's, Rob D, Owens, Brian Evans, Daniela Bretthauer, John Ivankoe, Brandon Oglenski, Ancora, It's, Alan Shaw, Oglenski, Fred Imbert Organizations: CNBC, Barclays, Norfolk, JPMorgan, Palo Alto Networks, billings, Palo Alto, HSBC downgrades Home, Depot, HSBC, Home Depot, JPMorgan downgrades, Norfolk Southern, NSC Locations: Wendy's, Norfolk Southern Norfolk Southern, Norfolk Southern, Norfolk

☆ Here are Tuesday's biggest analyst calls: Nvidia, Apple, Tesla, JetBlue, Disney, Caterpillar, Super Micro and more
▼ + stars: | 2024-02-20 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

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

☆ While playing with my son, I learned about unconditional love. I'll never forget what he told me.
▼ + stars: | 2024-02-20 | by ( Chris Gethard | ) www.businessinsider.com time to read: +8 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. I climb the stairs, then skitter down the side of the hill back to the rocks. I'm curious what my neighbors might think if they saw us walking in this loop, pretending to sleep on rocks. He can get lost in the world of these rocks — and in the world of his brain — forever. "Yeah," he told me, "but you're old, and I'm young.

Persons: Chris Gethard, Dad, —, billy, it's, Cal, I've, I'd, Buddy, It's, He's, hasn't, doesn't, I'm Organizations: Service, Everand Locations: New York City, Scribd

☆ Here's the playbook tech companies like AllTrails, Canva, and Kayak are using to dominate the charts in OpenAI's new GPT Store.
▼ + stars: | 2024-02-20 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +9 min

Its GPT, which generates images from text prompts, is currently ranked second overall on the GPT Store. And all three companies' GPTs have been highlighted at the top of the GPT Store website as "OpenAI's Picks." Advertisement"Sometimes finding trails can be overwhelming because there are so many different places to go," Graham told Business Insider. In addition to GPT Store, companies are thinking more broadly about how AI fits into their business models. "Now we're also investing time in using AI to make our team faster and more efficient, too."

Persons: —, OpenAI, Canva, Anwar Haneef, Matthias Keller, James Graham, Sam Altman, Graham, GPTs, Sam Altman's, Keller, we're, Haneef Organizations: Service, Business, Uber, Sequoia Capital Global, Bessemer Venture Partners, Greenoaks, Booking Holdings, OpenAI, Economic, Canva Locations: Davos, Canva, ChatGPT

☆ My mom had me when she was 40. It created a uniquely honest bond between us.
▼ + stars: | 2024-02-19 | by ( Muriel Steinke | ) www.businessinsider.com time to read: +4 min

My mom had me when she was 40 years old. I've never thought of her as an old mom despite me being a geriatric pregnancy. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementBy the time I was born, my mom was a fully formed adult, complete with a prefrontal cortex and a closet full of skirt suits. By allowing me to see all sides of her personhood, she raised me to be a good adult rather than just a good kid.

Persons: I've, —, casseroles, I'd, Gilmore, Rory, Lorelai, fuming, steadfastness Organizations: Service Locations: Southern, Suburban Ohio, Alabama

☆ It seems some tech leaders are coming back to San Francisco
▼ + stars: | 2024-02-19 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Some tech leaders are returning to San Francisco, The Wall Street Journal reported. San Francisco's commercial real estate market is also getting a boost from the AI boom. AdvertisementIt seems like San Francisco is luring some tech bosses back after a pandemic-induced exodus. Now, he plans to spend one week a month in San Francisco and is renovating a house in the city, The Journal reported. Meanwhile, San Francisco has grappled with a homelessness problem and shifts in crime patterns.

Persons: —, San, Keith Rabois, cofounders Henrique Dubugras, Pedro Franceschi, Howie Liu, Rabois, Elon Musk, Sam Altman Organizations: Street Journal, Service, The, Meta, PayPal, California Globe Locations: San Francisco, Miami

☆ Nvidia gets a $1,200 price target from Loop Capital, 65% above current price
▼ + stars: | 2024-02-16 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Nvidia 's powerhouse run is far from over, according to Loop Capital. Analyst Ananda Baruah initiated coverage of the chipmaker with a buy rating and Wall Street price target high of $1,200, representing 65% upside from Thursday close. NVDA 1Y mountain Nvidia shares over the last year "We're gonna party like it's 1995!" Underpinning Baruah's price target is the belief that Nvidia is at the "front end" of a multiyear cycle as hyperscalers transition to greater graphics processing unit compute. Heightened IT spending and budgets as companies hunt for ways to harness AI as they convert more data to the cloud should also bode well for Nvidia, Baruah said, noting that budgets are expected to increase to 45% from 30% in 2023.

Persons: Ananda Baruah, We're, bode, Baruah, — CNBC's Michael Bloom Organizations: Nvidia, Capital, AMD

The chipmaker was initiated with an outperform rating by Loop Capital, which set a Wall Street-high price target that calls for 65% upside. He also raised his price target on U.S.-traded shares to $22.22 from $19.16, implying shares could rise 27% from Thursday's close. It also cut its price target by $1.50 to $8.50, suggesting just 6.2% upside potential from Thursday's closing price. — Hakyung Kim 5:41 a.m.: Oppenheimer downgrades Nike Don't expect much out of Nike shares in the near future, according to Oppenheimer. The firm downgraded the apparel giant to perform from outperform and slashed its price target to $110 per share from $150.

Persons: Oppenheimer, Carvana, Raymond James Carvana's, Raymond James, Mitch Ingles, Ingles, — Hakyung Kim, Jefferies, Alex Wright, Wright, Peter Grom, Chris Peterson's, Grom, Newell, Brian Nagel, Fred Imbert, Ananda Baruah, Hakyung Kim Organizations: CNBC, Nvidia, Nike, Loop, Jefferies, UBS, Newell Brands Consumer, Newell Brands, Nvidia Nvidia, CY2025 Locations: Thursday's, America, CY2024

☆ Here are Friday's biggest analyst calls: Nvidia, Nike, Tesla, Coinbase, Arm, Meta, Eli Lilly, UPS, Carvana & more
▼ + stars: | 2024-02-16 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Here are Friday's biggest calls on Wall Street: Bank of America reiterates Meta as buy Bank of America said it's bullish on Meta adding the Broadcom CEO to its board of directors. Bank of America reiterates Nvidia as buy Bank of America said it's standing by the stock heading into earnings next week but that a pullback is possible. Baird upgrades UPS to outperform from neutral Baird said in its upgrade of UPS that the risk/reward is too attractive to ignore. Bank of America downgrades Dropbox to underperform from buy Bank of America said the "bull thesis has played out" for the data storage company. Bank of America upgrades Cellebrite to buy from neutral Bank of America said it sees business trends stabilizing for the digital intelligence company.

Persons: it's, Hock Tan, NVDA, Goldman Sachs, Goldman, TD Cowen, Grosvenor, KBW, TTD, Baird, Wells, Tommy Hilfiger, Tommy, Raymond James downgrades Carvana, Raymond James, Wayfair, Oppenheimer, Morgan Stanley, Tesla, Guggenheim, SunPower, Jefferies, Eli Lilly, Roku Organizations: Bank of America, Meta, Broadcom, " Bank of America, Nvidia, Informatica, BMO, Trade, Google, U.S, UPS, JPMorgan, Daiwa, CY2025, UBS, Newell Brands, RBC, Nike, of America, Barclays, Netflix, JPMorgan downgrades Bloom Energy, BE, Pharma Locations: CY24, CY2024, Wayfair, U.S

☆ Sean Hannity and right-wing media claimed the ‘Biden crime family’ took millions in bribes. Their narrative just fell apart
▼ + stars: | 2024-02-16 | by ( Oliver Darcy | ) edition.cnn.com time to read: +5 min

But MAGA Media personalities like Sean Hannity quickly shifted into hyperdrive last year when a supposedly “highly credible” FBI informant claimed to have smoking gun evidence of the conspiracy. The emergence of a confidential FBI informant coursed through right-wing media, where talking heads and outlets spotlighted the claims as damning evidence of criminal wrongdoing. Those actions were then celebrated in right-wing media. The charges dealt a blow to the narrative Fox News had championed on its air and Republicans had pressed in Congress. The stunning demise of the claim is just the latest in a larger pattern from Fox News and the broader right-wing media ecosystem in which it operates.

Persons: New York CNN — “, Biden, Joe Biden —, Hunter, MAGA, Sean Hannity, James Comer, Jim Jordan, Hannity, Comer, Alexander Smirnov, Harry Reid, David Weiss, Donald Trump, Smirnov, “, Joe Biden, Weiss, It’s Organizations: New York CNN, GOP, Fox News, incredulity, FBI, Media, Harry, Harry Reid International, Burisma, Fox, Republicans, “, MAGA Media Locations: New York, Ukrainian, hyperdrive, stoke, Las Vegas

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