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[1/2] GitLab Inc logo and words 'Artificial Intelligence' are seen in this illustration taken June 6, 2023. REUTERS/Dado Ruvic/IllustrationNEW YORK, June 6 (Reuters) - Shares of GitLab Inc (GTLB.O) jumped more than 35% on Tuesday after the software development platform announced plans to launch a revenue-boosting artificial intelligence (AI)-powered product. The product is expected to be launched this year at $9 per month, GitLab said late Monday. GitLab said on Monday its first-quarter revenue jumped 45% to $126.9 million, beating the Refinitiv consensus estimate and the company's earlier forecasts. Eighteen analysts on average recommended buying GitLab shares, and set a median price target of $53.50, according to Refinitiv.
Persons: Dado Ruvic, GitLab, Koji Ikeda, Chibuike Oguh, Lance Tupper, Richard Chang Organizations: Intelligence, REUTERS, GitLab Inc, " Bank of America, Thomson Locations: New York
Software stock Alteryx could see big gains due to burgeoning artificial intelligence demand, according to Bank of America. The bank upgraded shares of Alteryx to buy from neutral Thursday and raised its price target to $70 from $60. The new target implies upside of 80% from Wednesday's close. The company focuses on data analytics for employers, and BofA sees promise in the company's cloud segment and potential for AI application through its generative AI product. AYX YTD mountain Shares of Alteryx are down more than 23% from the start of the year.
Persons: BofA, Koji Ikeda, Koji, — CNBC's Michael Bloom Organizations: Bank of America Locations: Alteryx, Wednesday's
MSG: The world's most misunderstood ingredient
  + stars: | 2023-05-10 | by ( Maggie Hiufu Wong | ) edition.cnn.com   time to read: +12 min
Case in point – he has the letters “MSG” tattooed on his arm, and his restaurant’s menu includes a signature drink called the MSG Martini. “Things just taste better with MSG, whether it’s Western food or Cantonese food,” the chef tells CNN. You’ve probably been playing with glutamate, inosinate and guanylate in your own cooking without even realizing it. We season our food with MSG a little bit – it’s different from heating water and adding MSG and serving it with noodles,” he says. “Our mission from the very beginning was to show people what Cantonese food is and what Cantonese food can be – it’s always going to be playful, fun and approachable,” says Eng.
The incident exposes vulnerabilities in Japan's security system and a failure to institute changes following the killing of former prime minister Shinzo Abe during an election campaign last year, four experts interviewed by Reuters said. Fukuda said for such big, international events, authorities are able to provide solid security by mobilising a huge police presence. The government has instructed authorities to strengthen security measures and to ensure safety precautions at gatherings of VIPs, he added. read moreIn Saturday's attack, the suspect was about 10 metres from Kishida, according to media reports. He said it showed that a review of security plans by the National Police Agency could only go so far.
Other investors who have held Toshiba longer may not be so lucky: the offer price represents a 15% discount from a December 2014 high. Some were introduced to JIP by Toshiba's management, some of the people said, declining to be identified because the information is not public. Toshiba's management, including CEO Taro Shimada, will stay on, while the government keeps Toshiba's sensitive defence and nuclear technologies in Japanese hands. Toshiba felt stable shareholders were desirable to end the tumult, unlike current shareholders "with many differing views", it said. JIP does not see the need for big strategy adjustments, Toshiba said.
Worries about potential contagion had also slammed bank shares in Asia and Europe as investors re-examined their risks, despite assurances from U.S. President Joe Biden and other global policymakers that the financial system is safe. In Europe, where some see lenders as less vulnerable, the banking index (.SX7P) first fell then recovered to rise 2.7%. Asian banking stocks had extended their declines overnight, with Japanese banks hard-hit despite reassurances from the Bank of Japan said about their capital buffers. Regulator FDIC had moved swiftly to close New York's Signature Bank SBNY.O as well as taking control of SVB. Citing people familiar with the matter, the WSJ said the investigators are also examining stock sales that SVB Financial Group's executives made days before SVB failed, adding that the Justice Department's probe involves the department's fraud prosecutors in Washington and San Francisco.
Banking giants Citi (C.N), Wells Fargo (WFC.N) and JP Morgan (JPM.N) were also 1%-3% higher in the pre-market. Japanese financial institutions have sufficient capital buffers to absorb losses caused by external factors, including risks caused by SVB's collapse, the Bank of Japan said. Traders currently see a 50% chance of no rate hike at that meeting, with rate cuts priced in for the second half of the year. The prospect of higher rates had been "the reason investors have been really excited about Japan bank stocks", Ikeda added. We just ask for a little bit of time because of the volume," FDIC employee Luis Mayorga told waiting customers.
[1/2] Customers wait in line outside a branch of the Silicon Valley Bank in Wellesley, Massachusetts, U.S., March 13, 2023. REUTERS/Brian SnyderMarch 14 (Reuters) - Silicon Valley Bank's collapse continued to pound global bank stocks on Tuesday as investors fretted over the financial health of some lenders, despite assurances from U.S. President Joe Biden and other policymakers. The European banks index (.SX7P) fell 0.6% after posting its biggest percentage loss in more than a year on Monday. "Bank runs have started (and) interbank markets have become stressed," said Damien Boey, chief equity strategist at Sydney-based investment bank Barrenjoey. The prospect of higher interest rates had been "the reason investors have been really excited about Japan bank stocks", Ikeda added.
"Bank runs have started (and) interbank markets have become stressed," said Damien Boey, chief equity strategist at Sydney-based investment bank Barrenjoey. A furious race to reprice interest rate expectations also buffeted markets as investors bet the Federal Reserve will be reluctant to hike next week. Traders currently see a 50% chance of no rate hike at that meeting, with rate cuts priced in for the second half of the year. The prospect of higher interest rates had been "the reason investors have been really excited about Japan bank stocks." After marathon weekend talks, HSBC HSBA.L said it was buying the British arm of SVB for one pound ($1.21).
Analysts at Bank of America named a slew of companies this week that they believe are winning market share in this tough economic environment and so the stocks have more room to run. They include: Analog Devices , TJX Companies, Zeta Global , Costco and Union Pacific. TJX Companies The discount retailer has room to grow, especially as shoppers look to save money by trading down, according to analyst Lorraine Hutchinson. We value ADI at the higher end of peer comps due to ADI's growth potential and free cash flow generation." as we view TJX as a market share gainer that is well positioned to benefit from trade-down and the high level of inventory availability.
Sam Zimmerman, AMC NetworksZimmerman. AMCWant to break bread with Zimmerman, VP of programming at AMC Networks' horror destination, Shudder? One of the first original documentary projects he commissioned for Shudder was "Horror Noire," focused on Black stories and creators. Zimmerman oversees a team of creatives who acquire and develop feature films and television series. "She taught me a lot about building audiences for films and when they'll reject new discoveries," Zimmerman said.
(foto) O lume întreagă în picturile sale. Un artist japonez ilustrează propria viziune despre cum arată lumeaArtistul japonez Manabu Ikeda ilustrează cu ajutorul pensulei propriile lumi care sunt redate în picturile sale ample. Capodoperele pe care le desenează reprezintă o viziune suprarealistă a vieții unor lumi întregi. Vedeți lucrările sale mai jos. Sursă foto: IKEDA Manabu
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