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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
Positive labor market data and GDP growth support this, but job opportunities in some sectors are down. Not all job data is positive, with job openings falling from their post-pandemic highs. Below are some of the signs the economy is thriving, as well as some warning signs. Labor market data is mostly positiveThe labor market is still stable despite gradually slowing, Kimbrough said during the forum. "I think the investment side of our economy is going to start to chip away a little bit at the discretionary consumption weight in our economy."
Persons: , Marc Giannoni, LinkedIn's Karin Kimbrough, Charles Schwab's Liz Ann Sonders, Giannoni, Kimbrough, Jerome Powell, Powell, NerdWallet's Elizabeth Renter, Sonders, They're, there’s, there's, — Kimbrough, it’s Organizations: Federal, Service, Barclays, NYU Stern Economic, Labor, Conference, University of Michigan's, Market Committee, Health, New, New York City Housing Locations: York, New York City
Read previewThe operator of dating platforms Tinder, Hinge, and OkCupid is being sued over claims it makes its apps addictive and puts profit over love. Match Group did not immediately reply to Business Insider’s request for comments. Speaking to the outlet, a spokesperson for Match Group denied the allegations, saying the case was "ridiculous and has zero merit." Match Group owns the largest global portfolio of popular online dating services, including Tinder, Match.com, OkCupid, Hinge, Plenty of Fish, OurTime, and other dating brands, per its website . The group has hundreds of millions of reported users across its platforms, per its latest business overview, published in August 2023.
Persons: Organizations: Service, Court, Northern, Northern District of, Business, NPR, Match Group Locations: Northern District, Northern District of California
It will mean fundamentally reevaluating our conception of free will and human agency — and reckoning with our tortured relationship with shame. Many health plans have refused to cover GLP-1s for weight loss , citing limited approval from the Food and Drug Administration. I don't know when I first became overweight, but I remember the moment I was taught to be ashamed of it. They can stop the vicious feedback loop where our food choices and weight drive the shame that drives our food choices and weight. But no matter how heavy that burden was, one thing made it easier to bear: I wasn't weighed down by my shame.
Persons: I'd, They're, , dieters, I've, Wayne LaPierre, David Vades Joseph, Mounjaro, , you'd, would've, Kit Kat, they've, untangling, Stephen Spielberg's Organizations: National Rifle Association, NRA, Food and Drug Administration, New York City Marathon, Harvard Law School, GLP, BI Locations: York, Greenwich Village, darting, GLP
We got a preview of this unprecedented criminal trial mixed with a presidential campaign on Thursday at a key hearing in the New York criminal case. Claiming violent crime in cites, especially those run by Democrats, is one of Trump’s favorite talking points. The idea that violent crime is at an “all-time high” is completely untrue, as CNN’s Daniel Dale wrote last October. But the judge in Manhattan has filled Trump’s calendar at the end of March, when that federal trial could theoretically have taken place. But as The New York Times notes, despite the rising number of migrants in the city, violent crime has dropped.
Persons: Donald Trump, Trump, Fani Willis, I’ve, there’s, It’s, he’s, Attorney Alvin Bragg, Karen McDougal, Michael Cohen, Stormy Daniels, Daniels, Cohen, Daniel Dale, Dale, Joe Biden’s, , Biden, Jack Smith, Bragg, Willis, There’s, Matthew Colangelo, Letitia James, Democratic Sen, Chuck Schumer, I’m, Richard Nixon, Ronald Reagan, Alexey Navalny, Vladimir Putin, ” Trump, you’re, , Nikki Haley, Haley, we’ve, let’s Organizations: CNN, New, Manhattan, Attorney, Trump, National Enquirer, American Media Inc, Enquirer, The Trump Organization, AMI, Department of Justice, New York City Police Department, Justice Department, New York, Democratic, Republican, Republicans, South Carolina Gov, GOP, Biden, New York Times, White Locations: Manhattan, New York, Georgia, Washington ,, Russia, South Carolina, Carolina, Florida, Texas, New York City,
UBS downgrades Waste Management to neutral from buy UBS said the trash company has a "lofty" valuation. Citi reiterates Nvidia as buy Citi said its standing by its buy rating heading into earnings next week. " UBS upgrades HF Sinclair to buy from neutral UBS said the refiner is underappreciated. UBS upgrades Huntington Bancshares to buy from neutral UBS said it sees "strong strategic positioning" for the regional bank. Citi downgrades GlobalFoundries to neutral from buy Citi downgraded the semi company following earnings on Tuesday.
Persons: Wells, Redburn, Morgan Stanley, Tesla, it's, Piper Sandler, Piper, Jane Fraser's, Q, BRKRs, BRKR, DINO, D.A, Davidson downgrades Airbnb, Evercore, GlobalFoundries, Bernstein, Wingstop Organizations: Wells, RBC, Enphase Energy, Shoals Technologies, SolarEdge Technologies, UBS downgrades Waste Management, UBS, Citi, Nvidia, JPMorgan, Sinclair, diesel, Deutsche Bank, General, Deutsche, GE, ABNB, ABNB's, Walmart, ISI, Huntington, HSBC, Palantir, HP, Bank of America, of America, Design Systems, Rivals Locations: EBITDA
BMO Capital Markets increased its Costco price target to $770 per share from $700 and kept its buy-equivalent outperform rating on the stock. After last week's release of solid January sales, Costco got a slew of price target raises. COST YTD mountain COST stock price year to date. Costco shares are high in price and also expensive on a valuation basis. Costco stock caught a series of analyst price target increases following last week's strong sales report for the retail month of January.
Persons: Rich Galanti, Gary Millerchip, Galanti, Costco's, Jim Cramer's, Jim Cramer, Jim Organizations: Costco, BMO Capital Markets, BMO, Walmart, Target, Analysts, Gold, UBS, CNBC, Kroger Locations: U.S, Canada, Mexico, North America, United States, South America, China, Shanghai
Stuck in dating app loop with no date in sight? A lawsuit filed Wednesday against Match Group claims that is by design. Tinder, Hinge and other Match dating apps are filled with addictive features that encourage “compulsive” use, the proposed class-action lawsuit claims. This, the suit claims, turns users into “addicts” who purchase ever-more-expensive subscriptions to access special features that promise romance and matches. It was filed by six dating app users and seeks class action status.
Persons: , , Organizations: Match Group, Northern District of, Dallas, Facebook Locations: Northern District, Northern District of California
White House and Biden allies have taken aim at Hur for what they view as a gratuitous characterization of the president. White House Counsel Ed Siskel and Robert Bauer, the president’s personal attorney, were in the White House Map Room for the president’s interview with Hur, people briefed on the matter said. It was a mistake for the White House to “put him out on weakness and not strength,” one administration official said. White House officials stood by the forcefulness of the White House’s pushback to Hur’s report, saying not only did Biden take questions from reporters Thursday night, but the next day, White House counsel spokesman Ian Sams joined the press briefing. The White House has also sent a letter to the White House Correspondents’ Association taking issue with news coverage of the Hur report, the officials pointed out, while the Biden campaign has pointed to allies and legal experts questioning aspects of the report that the White House sees as problematic.
Persons: Joe Biden, Robert Hur’s, Hur, Biden, They’re, Donald Trump, Mr, Ed Siskel, Robert Bauer, Robert Mueller’s, Trump, Benjamin Netanyahu, Trump’s, , , , Beau, Karine Jean, Pierre said, Anita Dunn, Mike Donilon, Jeff Zients –, Ian Sams, CNN’s Edward, Isaac Dovere Organizations: CNN —, missteps, White, Biden, , National Archives, FBI, White House, Justice, CNN, Trump, Justice Department, Democratic, Hur’s, , CBS News, TikTok Locations: Israel, Surprise
The firm downgraded the cosmetics stock to hold from buy but maintained $530 per share price target. The firm maintained a neutral rating alongside a $13 per share price target, implying nearly 10% upside ahead. The firm is standing by an underperform rating on Robinhood stock with a $12 per share price target. HSBC downgraded the software stock to hold but maintained its $22 per share price target. First Solar shares have lagged in 2024, losing 11.6% amid concern that Federal Reserve rate cuts may not arrive until later than anticipated.
Persons: Ulta, Anthony Chukumba, Chukumba, Brian Evans, Christopher Danely, — Brian Evans, Robinhood's, Robinhood, LSEG, JPMorgan's Kenneth Worthington, Goldman Sachs, Will Nance, America's Craig Siegenthaler, Wells, Biogen, Mohit Bansal, Stephen Bersey, Christopher Dendrinos, Dendrinos, Fred Imbert Organizations: CNBC, U.S, Wednesday, RBC, HSBC, Palantir, Citi, Revenue, Bank, America's, Technologies, RBC Capital Markets, Enphase Energy, Shoals Technologies Locations: 2024e, Tuesday's, U.S
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
CNN —The area of Greenland’s ice loss in the past three decades is roughly 36 times the size of New York City — land that is rapidly giving way to wetlands and shrubs, a study published Tuesday shows. Ice loss has exposed barren rock in parts of the country. Mark Smith/University of LeedsWarmer air temperatures have driven ice loss, which has in turn raised land temperatures. Snow and ice typically reflect the sun’s energy back into space, preventing excessive heating in parts of the Earth. Ice melt also increases the amount of water in lakes, where water absorbs more heat than snow, which increases land surface temperatures.
Persons: Jonathan Carrivick, Mark Smith, , Michael Grimes, , Organizations: CNN, University of Leeds, Locations: New York City, Greenland, Kangerlussuaq, Bowdoin, Qaanaaq, Kingdom of Denmark
House Republicans last week were thrown for a loop when their first impeachment attempt went awry. But with House Majority Leader Steve Scalise back this week from undergoing treatment for blood cancer, House Speaker Mike Johnson is ready to try again. House Republicans have accused Mayorkas of not complying with immigration law regarding the southern border with Mexico, where the U.S. has been grappling with a surge of migrants. The House has focused on Mayorkas as efforts to impeach President Joe Biden have been met with less enthusiasm. “The House Republicans need to do serious work, work that actually matter(s),” White House press secretary Karine Jean-Pierre said during a briefing Tuesday.
Persons: Alejandro Mayorkas, Steve Scalise, Mike Johnson, George Santos, Joe Biden, Biden, Karine Jean, Pierre, ” Mayorkas Organizations: Homeland, House Republicans, GOP, Republican, Democratic, Republicans Locations: New York, Mexico
Tineco Floor One S7 Pro The Tineco Floor One S7 Pro is without a doubt expensive, but it reigns supreme with its excellent performance, auto dirt detection system, high-tech LCD screen with an assistant, and brushroll drying capabilities. I immediately noticed how the design of the Tineco Floor One S7 Pro differed from the Tineco Floor One S5 version I previously tested. AdvertisementOur review of the Tineco Floor One S7 ProI tested the Tineco Floor One S7 Pro vacuum over two months in my 1,600-square-foot home. Alex Temblador/Business InsiderOverall, this is a relatively easy wet-dry vacuum to use and has a lot to do with the 3.6-inch LCD screen, unlike anything I've seen on any other wet-dry vacuum. AdvertisementThe bottom lineFew can compete with the deep cleaning capabilities and smart features of the the Tineco Floor One S7 Pro wet-dry vacuum cleaner.
Persons: mops, iLoop, Alex Temblador, I've, vacuuming, I'm, Tineco, It's, it's, Lulu Organizations: Business, Pro, Auto
JPMorgan upgrades Lowe's to overweight from neutral JPMorgan said investors should buy the stock ahead of earnings later this month. JPMorgan reiterates Netflix as overweight JPMorgan said it's standing by its overweight rating on shares of Netflix. Loop reiterates Meta as buy Loop raised its price target on the stock to $550 per share from $440. Loop reiterates Alphabet as hold Loop raised its price target on the stock to $155 per share from $140. " UBS reiterates Target as buy UBS says Target shares are "compelling."
Persons: Evercore, it's, wouldn't, Rivian, Piper Sandler, Piper, Jefferies, Willis Towers Watson, URBN, Morgan Stanley downgrades Hershey, Morgan Stanley, Morgan Stanley downgrades XPO, Stifel, Raymond James downgrades, Raymond James, Melius, Roth, Guggenheimer, Guggenheim Organizations: Apple, Barclays, Walmart, EV, JPMorgan, generics, UFC, WWE, Netflix, Citi, Willis, PepsiCo, PEP, LT, UBS, Urban Outfitters, Google, 4Q, Bulls, Target, Bank of America, of America, Bank of America downgrades Duke Energy, Duke Energy, Brands, Nvidia, Deutsche Bank, Industries, Deutsche, SilverBow Resources Locations: U.S, Bank of America downgrades, NWL, Republic, Mohawk
Rocket Lab — The stock rose around 1% after Citi reinstated coverage with a buy rating. Lowe's — The home improvement retailer added 1.7% after JPMorgan raised its rating on shares to overweight from neutral. Urban Outfitters — Shares rose more than 2% after an upgrade from UBS ahead of the retailer's fourth-quarter earnings release slated for this month. On Monday, Bank of America Securities reiterated a neutral rating on the stock, but noted leadership has "the playbook to turn things around." Marqeta — Shares of the card issuing technology company rose 6.5% premarket after a Bank of America upgrade to buy from neutral on Monday.
Persons: Hershey, Morgan Stanley, Jason Gursky, Piper Sandler, Lowe's, XPO, BofA, CNBC's Michelle Fox, Sarah Min, Tanaya Macheel Organizations: Citi, Space Development Agency, U.S ., Teva Pharmaceutical Industries, JPMorgan, Federal Reserve, UBS, Barclays, New York Community Bancorp, Bank of America Securities, Bank of America
Bank of America also reiterated its neutral rating on Monday, while noting that leadership has "the playbook to turn things around." Diamondback Energy — The shale producer jumped 9.4% after announcing its purchase of Endeavor Energy, the biggest private company that produces natural resources from the Permian Basin. CymaBay Therapeutics , Gilead — Shares of CymaBay soared 25.4% after Gilead agreed to buy the drug developer. The deal comes as Gilead, whose shares were up around 1% in Monday's session, looks to expand beyond HIV drugs. Marqeta — The credit card technology stock added 5.7% after a Bank of America upgrade to buy from neutral.
Persons: Gilead, Bracken Darrell, Trimble, , Joe Ahlersmeyer, Piper Sandler, Teva, Samantha Subin, Sarah Min Organizations: New York Community Bancorp, Bank of America, Endeavor Energy, CymaBay Therapeutics, Gilead, VF Corp, Reuters, Mohawk Industries, Deutsche Bank, Citi, Space Development Agency, Teva Pharmaceutical —, JPMorgan, Nvidia Locations: Israel
NATO gives it a global bedrock of legitimacy, support for the dollar, and the post-Soviet hegemony it thrives upon. Saturday’s misunderstanding considered, Trump’s comments come at a devastatingly bad time for Europe. The more the US bemoans its allies and their miserly neglect of NATO, and withdraw from it, the less powerful it is. Is NATO willing to go to war with Moscow over Russian-speaking parts of the Baltic state of Estonia? He is not simply saying the US won’t help NATO allies who haven’t paid.
Persons: Donald Trump, Trump, doesn’t, , Vladimir Putin, Putin, Tucker Carlson, Russia’s, , Charles Michel, Trump’s, haven’t Organizations: London CNN, Trump, NATO, Republican, GOP, Putin, Fox News, Kremlin, Senior, Britons, European Locations: Russia, Europe, Ukraine, Kyiv, America, Moscow, Kherson, Mykolaiv, Romania, France, Baltic, Estonia, Svalbard, Russian, Finland, Sweden, Western Europe
Shanker also raised his price target to $80 from $75, suggesting nearly 34% downside from Friday's close. — Spencer Kimball 8:16 a.m.: Loop Capital upgrades Corteva, touts growth acceleration in 2025 Corteva's stronger-than-expected 2024 full-year guidance will jumpstart a period of strong growth, according to Loop Capital. The firm upgraded the agricultural chemicals company to buy from hold and increased its price target to $65 from $57. Analyst Jay Sole upgraded Urban to neutral from sell and upped his 12-month price target by $20 to $41. Kaufman's $183 price target indicates roughly 6.3% downside for shares, which have fallen more than 18% over the past year.
Persons: headwinds, Morgan Stanley downgrades XPO, Morgan Stanley, Ravi, Shanker, — Michelle Fox, Julien Dumoulin, Smith, Duke's, — Spencer Kimball, Chris Kapsch, Kapsch, Brian Evans, Cassie Chan, they'll, Chan, , Jay Sole, URBN, Sole, Urban's, — Pia Singh, Filippo Falorni, Falorni, Hershey, Stanley, Pamela Kaufman, Kaufman's, Hershey's, Kaufman, Graham Doyle, Doyle, Piper Sandler, David Amsellem, Amsellem, Amsellam, Christopher Horvers, Jan, Horvers, Fred Imbert, Dan Levy, Levy Organizations: CNBC, Barclays, Automotive, JPMorgan, Corp, Bank of America, Bank of America downgrades Duke Energy, Duke Energy, Duke, Wall, America, UBS, Urban Outfitters, Free People, Urban, Citi, PepsiCo, Citi Research, Pepsi, Hershey, GE Healthcare Technologies, UBS GE Healthcare Technologies, Pharmaceutical, Teva Pharmaceutical, Federal, Barclays downgrades Rivian, Rivian Automotive, North American EV Locations: Bank of America downgrades, GEHC, David Amsellem U.S
And yet Wall Street is suddenly freaking out about bad real estate loans and empty office buildings. One regional lender — New York Community Bancorp — has seen its stock price implode and its credit rating slashed to junk in part because of its exposure to bad office loans. Japan’s Aozora Bank startled investors by blaming bad loans linked to US offices for a projected loss. That’s a major problem for an industry like real estate known for piling on debt. Importantly, Zandi said these bank failures will be limited to smaller lenders — the ones sitting on suddenly shaky office loans.
Persons: , ” they’re, It’s, , Ed Mills, Raymond James, gameplan, Paul Volcker, That’s, Spencer Platt, ” Alessandro DiNello, NYCB, Powell, Janet Yellen, Jerome Powell, , ” Mills, Mark Zandi, ” Zandi, Zandi, ” Banks Organizations: New, New York CNN, , York Community Bancorp, Japan’s, Bank, Federal Reserve, Fed, Regulators, New York Community Bancorp, York Community Bank, Getty, Moody’s, CNN Locations: New York, sweatpants, Washington, Brooklyn, New York City
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSnap shares tumble after the company's revenue miss and weak guidanceRob Sanderson, Loop Capital Markets senior internet analyst, joins 'Squawk on the Street' to discuss Snap and Uber's quarterly earnings results, the difference between Snap and Meta's ad revenue, and more.
Persons: Rob Sanderson Organizations: Capital
"Dear Counselors," the fraud-trial judge, state Supreme Court Justice Arthur Engoron, begins an acidly-worded email he sent Monday. After all, he notes, he is the fraud trial's "presiding magistrate, the trier of fact, and the judge of credibility." AdvertisementIn describing the potential trial monkey wrench that a Weisselberg perjury admission would be, Engoron drops some Latin. Lawyers for his co-defendants in the lawsuit — the Trump Organization, eldest sons Donald Trump, Jr. and Eric Trump, Weisselberg and another longtime Trump Org executive, Jeffrey McConney — have also denied wrongdoing. AdvertisementAttorneys for Trump and Weisselberg, and spokespersons for the AG's office and Manhattan district attorney's office, did not immediately respond to requests for comment.
Persons: , Donald Trump's, Allen Weisselberg, Arthur Engoron, William K, Rashbaum, Jonah E, Ben Protesss, Alan, Weisselberg, Trump's, Manhattan, Forbes, Engoron, Letitia James, Trump, Donald Trump , Jr, Eric Trump, Jeffrey McConney — Organizations: Service, New York Times, Trump Org, Business, Trump, Former Finance, Manhattan, Times, Penthouse, New York, Lawyers, Trump Organization, Weisselberg Locations: York, Bromwich, Manhattan, trier
House Republicans were thrown for a loop on Tuesday when a vote to impeach Homeland Security Secretary Alejandro Mayorkas over his handling of the southern border failed after four Republicans voted against it. House GOP leaders displayed confidence going into the vote despite knowing ahead of time that at least a couple Republican members were going to vote against impeachment. Republicans could try to impeach Mayorkas again once Scalise returns. GOP efforts to impeach Mayorkas were vehemently opposed by the Biden administration and the Homeland Security Department. Republican senators on Tuesday indicated that they would block a procedural vote for the bipartisan border deal this week.
Persons: Alejandro Mayorkas, , We’ll, Tom Emmer, Tom McClintock of, John Gallagher of, Ken Buck, Blake Moore of, ” McClintock, Steve Scalise, Mayorkas, Scalise, Biden, , Joe Biden –, Mike Johnson, Mitch McConnell, Organizations: Republicans, Homeland, GOP, Republican, Tom McClintock of California, Court, Democrats, Homeland Security Department Locations: John Gallagher of Wisconsin, Ken Buck of, Blake Moore of Utah
To break the cycle, I impulsively purchased a screen-less digital camera called Camp Snap that I saw in an Instagram ad. The camera has a small photo counter, which, so far, I've gotten up to 125 photos. When I purchased the Camp Snap back in November 2023 there was only a yellow option available. Because it's not a fancy camera and it wasn't super expensive, I wasn't stressed about them breaking it or messing up the settings. The Camp Snap has given them hours of entertainment.
Persons: , I've, they've, it's, that's Organizations: Service, Business Locations: WhatsApp
But nothing is certain yet, aside from the interest from mostly European and Western countries that bankroll CERN, which is home to the Large Hadron Collider. She said review committees had not turned up any “technical show-stoppers” for the project so far. Photos You Should See View All 45 ImagesHowever, the science that the future collider could generate remains largely unknown. “It’s true that at the moment we do not have a clear theoretical guidance on what we should look for,” Gianotti said. Monday’s briefing on the new collider included some proposed changes to the original plan announced in 2019.
Persons: , Fabiola Gianotti, ” Gianotti Organizations: GENEVA, , European Organization for Nuclear Research, CERN, Collider, collider Locations: Swiss
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