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☆ Amazon just poached a longtime Meta veteran to lead its growing adtech division
  + stars: | 2023-05-04 | by ( Lara O'Reilly | ) www.businessinsider.com   time to read: +2 min
Amazon Advertising has hired Kelly MacLean as its VP of its ad buying platform. MacLean, who joined Amazon late last month, previously spent more than 11 years at Meta. Amazon Advertising has poached a longtime Meta executive to lead a key adtech division, Insider has learned. The Amazon DSP uses automation to let advertisers buy ads on Amazon properties like Amazon.com, Twitch, and IMDb, as well as elsewhere on the web. The Amazon DSP recently underwent an overhaul that was 18 months in the making to improve its machine-learning and predictive algorithms.
☆ Meet Kim Posnett, the powerful Goldman Sachs dealmaker who was just named head of the investment bank's TMT unit
  + stars: | 2023-05-03 | by ( Reed Alexander | ) www.businessinsider.com   time to read: +10 min
Kim Posnett was just named head of Goldman's all-important TMT investment banking group. Posnett, 43, has long been one of the most senior figures at Goldman's investment bank. Posnett was previously the head of Goldman's investment-banking services unit, which acts as a salesforce for the global IB division. The former co-head of Goldman's TMT franchise will become co-chairman of the unit. The former would result in the IB services group, which functions, in effect, as a sales force.
☆ Factbox: Tech firms, Wall Street lead job cuts in Corporate America
  + stars: | 2023-05-02 | by ( ) www.reuters.com   time to read: +8 min
read moreSpotify Technology SA (SPOT.N):Music streaming service Spotify is cutting 6% of its workforce, or roughly 600 roles. read moreMicrosoft Corp (MSFT.O):The U.S. tech giant said it would cut 10,000 jobs by the end of the third quarter of fiscal 2023. Workday Inc (WDAY.O):The software company will cut roughly 500 jobs, or 3% of its workforce, citing a challenging macroeconomic environment. Morgan Stanley (MS.N):The Wall Street powerhouse is planning to cut about 3,000 jobs in the second quarter, Reuters reported. MANUFACTURING SECTOR3M Co (MMM.N):The industrial conglomerate said it would cut 2,500 manufacturing jobs after reporting a lower profit.
☆ Stocks making the biggest premarket moves: Uber, Pfizer, Chegg, Dell & more
  + stars: | 2023-05-02 | by ( Michelle Fox | ) www.cnbc.com   time to read: +4 min
Chegg — Chegg shares tumbled 42% in premarket trading after CEO Dan Rosensweig said he expects artificial intelligence is "having an impact on our new customer growth rate." However, its adjusted earnings per share and revenue for the first quarter beat estimates, per Refinitiv. NXP Semiconductors — Shares of the chip maker jumped about 5% after the company beat analysts' expectations for first-quarter revenue and operating income. However, its first-quarter revenue beat analysts' expectations, according to Refinitiv. The company is also planning an up to $2 billion share buyback after its annual general meeting.
☆ Stocks making the biggest moves midday: Uber, Chegg, Dell, PacWest, SoFi & more
  + stars: | 2023-05-02 | by ( Alex Harring | ) www.cnbc.com   time to read: +4 min
Uber — Shares of the ride-hailing giant jumped more than 8% after the company reported first-quarter revenue that beat analysts' expectations. Still, the company did beat expectations for the quarter and provide strong guidance. NXP Semiconductors — Shares of the chipmaker added more than 2% after the company beat analysts' expectations for first-quarter revenue and operating income. Revenue guidance for the second quarter was better than anticipated as well. The global bank also announced an upcoming $2 billion share buyback program and restored its quarterly dividend.
☆ This tech stock can rally 25% as PC market bottoms, Morgan Stanley says
  + stars: | 2023-05-02 | by ( Brian Evans | ) www.cnbc.com   time to read: +2 min
Morgan Stanley thinks the personal computer market has likely bottomed and has pegged Dell Technologies as big beneficiary. The firm upgraded shares of the tech and PC company to overweight from equal weight. "We believe the PC market is forming a bottom, and we want to own Dell for the cyclical PC market rebound," analyst Erik Woodring said, noting that the first quarter likely marked the worst of the PC downturn. "Looking at prior PC downcycles, (2011-2013), DELL's stock bottomed one quarter ahead of the PC market bottom. Given we model PC market Y/Y declines bottoming in 1Q23, we believe the trough in DELL's stock could already be behind us," Woodring said.
☆ Here are Tuesday's biggest analyst calls of the day: Apple, Ferrari, Dell, Tesla, Chegg, Penn & more
  + stars: | 2023-05-02 | by ( Michael Bloom | ) www.cnbc.com   time to read: +6 min
"We initiate coverage of AMRC shares with a Buy rating and $60 PT implying ~45% upside potential." Barclays downgrades Shoals to underweight from equal weight Barclays said in its downgrade of the solar company that shares of Shoals are overvalued. Morgan Stanley upgrades Dell to overweight from equal weight Morgan Stanley says it's getting more constructive on shares of the PC giant. " Barclays initiates Ferrari as equal weight Barclays said in its initiation of the stock that it's waiting for a better entry point. Cowen reiterates Target and Walmart as outperform Cowen said it's standing by its outperform rating on the big box giants.
☆ Fanatics moves one step closer to IPO, hiring Meta's head of investor relations
  + stars: | 2023-04-27 | by ( Ian Thomas | ) www.cnbc.com   time to read: +7 min
While an IPO is not on the immediate horizon, the company is taking a step in the direction of preparing for one, hiring Meta's investor relations head to further build out its engagement with current and future shareholders. Deborah Crawford, who has served as Meta 's vice president of investor relations for more than eight years, is being appointed as Fanatics' head of investor relations, a new position at the company. Prior to Meta, Crawford was head of investor relations for Netflix, where she helped initiate the streaming company's first formal investor relations function, according to Fanatics. Schiffman declined to comment on the potential timing of a Fanatics IPO but confirmed the company has a goal of going public. Fanatics has seen its valuation and investor roster drastically expand in recent years, which has also helped to fuel IPO chatter.
☆ Fifty-three million tons of electronics become junk every year. Here's how one company is tackling the problem.
  + stars: | 2023-04-26 | by ( Sponsor Post | Created Insider Studios With Dell Technologies | ) www.businessinsider.com   time to read: +6 min
Dell is stepping up to tackle this problem, committing to a circular business model. By 2030, Dell will ensure that 100% of its packaging will be either reused or made from recycled or renewable material. Additionally, more than half of its product content will also be made from recycled, renewable, or reduced carbon emissions material. Already, there are almost 400 million pounds of sustainable materials in Dell's products and packaging and 55% of its electricity comes from renewable sources. "Our emphasis on environmental, social, and governance measures ensures that while we accomplished our business goals, we also delivered positive results for all of our stakeholders," he said.
☆ Taylen Mosley cause of death: Florida toddler found in an alligator's mouth drowned, police say
  + stars: | 2023-04-25 | by ( Sara Smart Amy Simonson | Sara Smart | Amy Simonson | ) edition.cnn.com   time to read: +2 min
CNN —The 2-year-old boy found last month in an alligator’s mouth in a St. Petersburg, Florida, lake died of drowning, police say. The boy was put in the lake by his father, who is charged in both deaths, according to a St. Petersburg police affidavit. The Pinellas County medical examiner confirmed Monday that the cause of death was drowning, St. Petersburg police told CNN. Thomas Mosley St. Petersburg PoliceThe toddler’s father, Thomas Mosley, 21, is facing two counts of first-degree murder. They found Jeffery inside with “apparent cuts and stabs in excess of 100 wounds,” according to the affidavit.
☆ 2023 layoff tracker: The latest on which companies have announced job cuts
  + stars: | 2023-04-25 | by ( Jennifer Korn | ) edition.cnn.com   time to read: +20 min
New York CNN —BuzzFeed, Lyft, Whole Foods and Deloitte all recently announced layoffs affecting thousands of US workers. With 11,000 job cuts announced in November and the 10,000 announced in March, Meta’s headcount will fall to around 66,000 — a total reduction of about 25%. The company announced in January that it was eliminating some 18,000 positions as part of a major cost-cutting bid at the e-commerce giant. IndeedJob listing website Indeed.com announced cuts of approximately 2,200 employees, representing almost 15% of its total workforce, the company said in March. The cuts come after the company announced several rounds of job cuts throughout the pandemic due to falling demand, followed by rapid hiring last year.
☆ Amex Gold vs Chase Sapphire Preferred
  + stars: | 2023-04-25 | by ( Jasmin Baron | Sarah Silbert | Read More | ) www.businessinsider.com   time to read: +29 min
Two of the best travel rewards cards — the American Express® Gold Card and the Chase Sapphire Preferred® Card — are fixtures in the wallets of frequent flyers, and for good reason. Compare the Sapphire Preferred and American Express Gold Chase Sapphire Preferred® CardAmerican Express® Gold Card Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Here's what to know if you're trying to decide between the Amex Gold Card and Sapphire Preferred. Fortunately, both the Amex Gold Card and Sapphire Preferred are heavy hitters in this regard, with excellent everyday spending categories that most consumers can easily use. In addition, the Amex Gold card offers up to $10 per month in Uber Cash (applicable to U.S. Eats orders and Rides, and the Gold Card needs to be added to the Uber app to receive the Uber Cash benefit).
☆ Schools are beginning to throw out expired Chromebooks, creating 'piles of electronic waste,' report says
  + stars: | 2023-04-21 | by ( Britney Nguyen | ) www.businessinsider.com   time to read: +4 min
US PIRG is suggesting Google extend software support for Chromebooks to make them last longer. Chromebooks, the budget laptops running Google software, are creating a lot of e-waste, according to a report from the US Public Interest Research Group (US PIRG) Education Fund. The report also points to how finding replacement parts for Chromebooks from different manufacturers, like HP, can make repairs more difficult. "Moving forward, these companies should design Chromebooks to last by improving device durability, repairability and sustainability," the US PIRG report says. Gutterman told Insider that, "we just can't afford to keep churning out technology at this rate, whether it's Chromebooks or laptops or phones."
☆ US-born princess evicted from Rome villa famed for Caravaggio fresco
  + stars: | 2023-04-20 | by ( ) www.reuters.com   time to read: +3 min
REUTERS/Remo Casilli/File PhotoROME, April 20 (Reuters) - A U.S.-born princess was evicted on Thursday from a Roman villa featuring the only known fresco by Italian baroque artist Caravaggio, and denounced her ousting as a travesty of justice. "I am being brutally evicted from a home which I have lovingly taken care of for the past 20 years," Princess Rita Jenrette Boncompagni Ludovisi said on Twitter shortly before leaving her home along with her four small dogs. Princess Boncompagni Ludovisi, 73, told Reuters in January that the tours were organised to raise money for maintenance. A former actress, Playboy model and ex-wife of a U.S. congressman, Boncompagni Ludovisi married the late Prince Nicolo Boncompagni Ludovisi, scion of one of Europe's most aristocratic families, in 2009. In his will, he gave his wife the right to stay in the Rome villa for the rest of her life.
☆ U.S. princess evicted from Rome villa famed for Caravaggio fresco
  + stars: | 2023-04-20 | by ( ) www.reuters.com   time to read: +3 min
REUTERS/Remo Casilli/File PhotoROME, April 20 (Reuters) - A U.S.-born princess was evicted on Thursday from a Roman villa featuring the only known fresco by Italian baroque artist Caravaggio, and denounced her ousting as a travesty of justice. "I am being brutally evicted from a home which I have lovingly taken care of for the past 20 years," Princess Rita Jenrette Boncompagni Ludovisi said on Twitter shortly before leaving her home along with her four small dogs. Princess Boncompagni Ludovisi, 73, told Reuters in January that the tours were organised to raise money for maintenance. A former actress, Playboy model and ex-wife of a U.S. congressman, Boncompagni Ludovisi married the late Prince Nicolo Boncompagni Ludovisi, scion of one of Europe's most aristocratic families, in 2009. In his will, he gave his wife the right to stay in the Rome villa for the rest of her life.
☆ Princess Rita Jenrette Boncompagni evicted from villa with original Caravaggio in Rome
  + stars: | 2023-04-20 | by ( Barbie Latza Nadeau | ) edition.cnn.com   time to read: +3 min
Rome CNN —Princess Rita Jenrette Boncompagni Ludovisi – formerly Rita Carpenter, the former wife of Republican US Rep. John Jenrette – has been evicted from the home she once shared with the late Prince Nicolo Boncompagni, after an inheritance dispute with his children. Princess Rita confirmed her eviction from the historic Casino dell’Aurora in central Rome to CNN on Wednesday. Princess Rita Boncompagni Ludovisi poses for a photograph outside Villa Aurora in Rome, Italy, November 16, 2021. A statue of Pan by Michelangelo is seen outside Villa Aurora. Princess Rita told reporters at the Casino dell’Aurora as she left on Thursday that she is writing a new book about her latest ordeal.
☆ Many people need their laptops for working from home, play, and everything in between. Here's how to find the right deal for you.
  + stars: | 2023-04-18 | by ( Sponsor Post | Created Insider Studios With Dell Technologies | ) www.businessinsider.com   time to read: +5 min
Many consumers and business owners need laptops that can serve their home and work needs. Instead, we need to find the right balance, as we often need our devices to pull double or even triple duty: carrying out work, home use, and gaming. The Alienware m15 R7 Gaming Laptop boasts extra thin dual fans that ensure the laptop won't overheat, smooth and vivid graphics, and immersive sound. For gamers who want less of the frills, but the same thrills that Alienware promises, look to Dell's G Series gaming laptops. The G15 Gaming Laptop offers smooth graphics, speedy loading times, and a Game Shift mode that boosts its fan speed with the push of a few buttons.
☆ These stocks could get a pop if they go in to S&P 500 index following rule change
  + stars: | 2023-04-18 | by ( Yun Li | ) www.cnbc.com   time to read: +2 min
The change applies to the S & P Composite 1500 Index and its components, including the S & P 500 , the world's largest stock benchmark and the one with the widest following. It forces buying from every passive index fund manager whose fund tracks the S & P 500, S & P Midcap 400 or Smallcap 600, boosting the stock price in the short term. Evercore ISI is bullish on the prospect for inclusion in the S & P 500. Alternative asset managers Ares Management and Blackstone have also became eligible for S & P 500 inclusion. "Excluding BX from the S & P 500 has hurt the index's performance... and BX also yields a dividend that is ~2x the average S & P 500 company."
☆ Wall St set for muted open as investors focus on earnings, Fed cues
  + stars: | 2023-04-17 | by ( Sruthi Shankar Ankika Biswas | Sruthi Shankar | Ankika Biswas | ) www.reuters.com   time to read: +3 min
Wall Street closed lower on Friday after mixed economic data appeared to affirm another Fed interest rate hike in May, dampening investor enthusiasm after a series of big U.S. bank earnings launched the first-quarter reporting season. "Regional bank earnings will come in very slightly positive, while bigger banks will probably post surprisingly positive results." Other major U.S. banks including Goldman Sachs Group Inc (GS.N), Bank of America Corp (BAC.N) and Morgan Stanley (MS.N) will report through the week. ET, Dow e-minis were up 35 points, or 0.10%, S&P 500 e-minis were up 1.75 points, or 0.04%, and Nasdaq 100 e-minis were down 3.75 points, or 0.03%. Prometheus Biosciences Inc (RXDX.O) rallied 69.9% after Merck & Co (MRK.N) said it will buy the biotech company for about $10.8 billion.
☆ JPMorgan upgrades this tech stock ahead of a second half PC recovery
  + stars: | 2023-04-17 | by ( Hakyung Kim | Https | Www.Linkedin.Com In Hakyungkim | ) www.cnbc.com   time to read: +2 min
Analyst Samik Chatterjee upgraded HP shares to overweight from neutral. "We are looking to turn a corner in relation to the headwinds that have plagued the PC end-market," Chatterjee wrote in a note Monday. He added that structural margin improvement in the printer segment should help HPQ offset some of the downward pressures from easing supply. The analyst admitted that HP still faces long-term challenges in its printer segment. Shares have jumped almost 11% in 2023 amid a rally in tech shares, after slumping almost 29% in 2022.
☆ Futures subdued as investors eye bank earnings, Fed cues
  + stars: | 2023-04-17 | by ( ) www.reuters.com   time to read: +3 min
SummarySummary Companies Futures up: Dow 0.07%, S&P 0.10%, Nasdaq 0.01%April 17 (Reuters) - U.S. stock index futures were largely flat on Monday as investors awaited more bank earnings and views from Federal Reserve policymakers that could shape expectations around when the central bank will pause its monetary policy tightening. Wall Street ended lower on Friday as a barrage of mixed economic data appeared to affirm another Fed interest rate hike in May, dampening investor enthusiasm after a series of big U.S. bank earnings launched the first-quarter reporting season. U.S. central bank officials including New York Fed President John Williams and Cleveland Fed President Loretta Mester are scheduled to speak later this week. ET (1230 GMT) is expected to show business conditions in New York state improved in April after slumping in the previous month. ET, Dow e-minis were up 24 points, or 0.07%, S&P 500 e-minis were up 4.25 points, or 0.10%, and Nasdaq 100 e-minis were up 1 point, or 0.01%.
☆ Here are Monday's biggest analyst calls: Tesla, Netflix, Zoom, Biogen, Okta, Amazon, HP Inc. & more
  + stars: | 2023-04-17 | by ( Michael Bloom | ) www.cnbc.com   time to read: +8 min
JPMorgan upgrades HP Inc. to overweight from neutral JPMorgan said in its upgrade of HP Inc . that it sees "resilient revenue and margins." JPMorgan upgrades Ollie's to neutral from underweight JPMorgan said it has more confidence in management's same-store sales guide. JPMorgan downgrades Dell to neutral from overweight JPMorgan said in its downgrade of Dell that HP Inc. is better positioned right now. JPMorgan reiterates Amazon as overweight JPMorgan said it came away "incrementally positive" from Amazon's investor letter last week. JMP downgrades Penn to market perform from market outperform JMP downgraded the stock mainly on valuation.
☆ Stocks making the biggest moves premarket: Charles Schwab, Dell, Alphabet, HP Inc. & more
  + stars: | 2023-04-17 | by ( Pia Singh | ) www.cnbc.com   time to read: +3 min
Charles Schwab — Shares of Charles Schwab gained 3% on better-than-expected earnings. The company posted a profit of 93 cents per share, beating a Refinitiv forecast of 90 cents per share. M&T Bank — The regional bank stock jumped 3% after the company posted its latest quarterly figures. Lumentum — The optical fiber manufacturer rose slightly after JPMorgan upgraded the stock to overweight from neutral. Ollie's Bargain Outlet — The discount retail rose 3% in premarket trading after JPMorgan upgraded the stock to neutral from overweight.
☆ Wes Anderson, Ken Loach among big names competing at Cannes Film Festival
  + stars: | 2023-04-13 | by ( Marie-Louise Gumuchian | ) www.reuters.com   time to read: +2 min
[1/4] 72nd Cannes Film Festival - Photocall for the film "Sorry We Missed You" in competition - Cannes, France, May 17, 2019. REUTERS/Eric Gaillard/File PhotoApril 13 (Reuters) - Wes Anderson, Ken Loach, Todd Haynes and Wim Wenders are among the directors who will compete for the top prize at next month's Cannes Film Festival, where a spate of Hollywood stars will also premiere their latest works on the famed Croisette waterfront. At a press conference on Thursday, festival director Thierry Fremaux announced the line-up for the 76th edition of major cinema showcase from May 16-27. "It's a competition that will mix young filmmakers competing for the first time with veterans whose names and works we know," Fremaux said. Adventurer Indiana Jones will also return to the festival 15 years since his last appearance in Cannes.
☆ A gaming historian talked to us about the last 2 decades of the industry. Here's what he's seen change.
  + stars: | 2023-04-12 | by ( Sponsor Post | Created Insider Studios With Dell Technologies | ) www.businessinsider.com   time to read: +6 min
From the beginning, said Goyanes — an official Alienware brand historian — "our founders were gamers" who "took insights from gamers very, very seriously." Yet when Goyanes began working for Alienware, social media was in its infancy. But mostly, he stresses, gamers today are a diverse community. "What you can do with lighting, I think it's certainly the best thing we've ever released on a gaming laptop in our entire history," Goyanes said. Learn more about the new Alienware x16 Gaming Laptop.
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