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Goldman Sachs has refreshed its lists of top global stock picks, adding some and removing others. There have also been plenty of additions to the Directors' Cut, including the following three stocks which Goldman also gives more than 20% upside potential over the next 12 months. Goldman has a 12-month target price of £52 ($68) on the stock, implying nearly 33% potential upside. The bank's analyst Andrew Baker likes that the company is "well positioned for central bank policy rate easing." Goldman has a target price of 7.80 Singapore dollars on the stock, implying 20.4% potential upside.
Persons: Goldman Sachs, Goldman, Experian, Suhasini, Assicurazioni Generali, Andrew Baker, Baker, Keppel, Xuan, Tan, — CNBC's Michael Bloom Organizations: Companies, Qantas Airways, Shell, London Stock Exchange, U.S, Milan Stock Exchange, Keppel, Singapore Exchange Locations: Asia, Europe, Danish, Suhasini Varanasi, Italy, Goldman's Asia, Singapore, U.S
The picturesque event marked the official transition from "Brat summer" to "Brat autumn." We were there to celebrate "Brat and It's Completely Different But Also Still Brat," a remixed version of, you guessed it, "Brat," Charli's sixth studio album and bonafide phenomenon. Charli XCX threw a listening party to celebrate the release of her "Brat" remix album. Related storiesThe remix album rollout proves that 'Brat' can outlast the changing seasonsThe "Brat summer" campaign was clever and undeniably successful — not to mention lucrative. Charli herself has acknowledged this, posting "goodbye forever brat summer" on X (formerly Twitter) on Labor Day.
Persons: Charli XCX, , Charli, Henry Redcliffe, Troye Sivan, Barack, she'll, Jenna Adler, Henry Redcliffe That's, Charli could've, It's, Mark di Suvero, Alexander Calder, Ariana Grande, Storm King Organizations: Storm King Art Center, Service, Pitchfork, Storm, Billboard, CAA, Labor Locations: New York, Hudson Valley, Madison, Los Angeles, Manhattan, Brooklyn
(This is CNBC Pro's live coverage of Thursday's analyst calls and Wall Street chatter. Ferrari's scarcity-driven growth strategy has contributed to price growth of as much as 30% for new vehicles compared to prior vehicles, per Brinkman. — Hakyung Kim 6:25 a.m. Morgan Stanley raises Eli Lilly estimates Morgan Stanley notched its price target for Eli Lilly shares higher on increased weight-loss drug estimates. — Hakyung Kim 6:00: am Goldman Sachs raises Nvidia price target Goldman Sachs believes strong demand for artificial intelligence compute should help drive Nvidia shares higher. Analyst Toshiya Hari increased his price target on Nvidia shares to $150 from $135, implying 11.3% upside potential from Thursday's close.
Persons: Goldman, Morgan Stanley, Elli Lilly, Ryan Brinkman, Brinkman, Ferrari, — Hakyung Kim, Eli Lilly, Terence Flynn, Zepbound, Eli Lilly's, Mounjaro, Flynn, Mercado, Gonzalo Lopez, Lopez, Mercado Credito, Goldman Sachs, Toshiya Hari, Hari, Hakyung Kim Organizations: CNBC, Nvidia, JPMorgan, Ferrari, Mercado Libre, company's Data Locations: Thursday's, Latin America, U.S, America, verticals, Hari
Barclays upgrades CVS to overweight from equal weight Barclays said the stock is a "new margin story." JPMorgan downgrades Honeywell to neutral from overweight JPMorgan said it's downgrading the stock after 15 years with an overweight rating. UBS upgrades Tronox to buy from neutral UBS said it's bullish on the chemical manufacturer. "We upgrade shares of EVGO from Neutral to Buy, following the $1.05bn DOE loan conditional commitment announced last week. "Our bullish view of AIG reflects its outsized EPS growth, lower exposure to risks facing commercial lines carriers (casualty reserves and higher cat loads), high capital flexibility, and attractive valuation."
Persons: Morgan Stanley, Goldman Sachs, Goldman, it's bullish, Jefferies, TD Cowen downgrades, Cowen, Bernstein, Brinker, Kevin Hochman, Truist, it's, BIRK, Cantor Fitzgerald, Mara, Cantor, MARA, Wolfe, Google's, Satya Nadella, Lucas Jackson Organizations: Nvidia, Netflix, Barclays, JPMorgan, Honeywell, Microsoft, UBS, TD Cowen downgrades Pepsi, U.S, Department of Energy, DOE, RBC, PayPal, Cirrus, Bank of America, underperform Bank of America, Nike, Mara Holdings, AIG, DOJ, Google, Reuters Locations: EVGO, EAT's, LHX, New York City
Emerging markets on the MSCI list include Brazil, China, Greece, India, Indonesia, South Korea, Malaysia, Mexico, the Philippines, Qatar and Thailand. One fund manager, however, is looking outside that list, at an "up and coming emerging market and the next dragon in Asia" — Vietnam. "It's in a sweet spot in terms of economic growth, urbanization, labor market participation and having the right government policy. In spite of its strong growth, Vietnam is still not part of the MSCI Emerging Markets Index. A 'big theme' Mafli is betting on "high growth sectors" and stocks "doing well in underperforming sectors."
Persons: Li Mafli, Eric Sturdza, Mafli —, Mafli Organizations: Eric Sturdza Investments, Vietnam Prosperity, CNBC Pro, General Statistics Office, International Monetary Fund, FTSE, Index, Mobile World Investment, Infrastructure Locations: Brazil, China, Greece, India, Indonesia, South Korea, Malaysia, Mexico, Philippines, Qatar, Thailand, Asia, Vietnam
Supreme Court rejects Martin Shkreli fine appeal
  + stars: | 2024-10-07 | by ( Dan Mangan | ) www.cnbc.com   time to read: +3 min
The Supreme Court in rejecting that request did not explain its reason for doing so. Shkreli's request that the Supreme Court take his appeal of federal court decision was his last chance to overturn the penalty related to the drug Daraprim . People pass outside the U.S. Supreme Court on October 7, 2024 in Washington, DC. Shkreli in June asked the Supreme Court to hear his appeal of that ruling, but only as it applied to the financial penalty. The attorney said that the Supreme Court should hear Shkreli's appeal to resolve the so-called circuit split on the question of a defendant's financial liability.
Persons: Martin Shkreli, Benjamin Brafman, Shkreli, pharma bro, Shkreli's Organizations: U.S, CNBC, Federal Trade Commission, pharma, Supreme, Vyera Pharmaceuticals, FTC, Circuit, Appeals Locations: Brooklyn, New York City, U.S, Washington ,, Manhattan, Shkreli, disgorgement
The move could drive oil prices up further, creating a headache for Harris' campaign. If Israel did strike Iran's oil, it would likely have two main targets. Then, on Thursday, he said the US and Israel were discussing whether the US would support Israel striking Iran's oil facilities. Biden has indicated there are conversations between the US and Israel about whether Iran's oil facilities are a legitimate retaliatory strike option. Back in September, global oil prices fell to the lowest level in almost three years, and the US has seen a historic year of oil production.
Persons: Israel, Harris, , Kamala Harris, Patrick De Haan, De Haan, Clay Seigle, Siegle, ATTA KENARE, Kit Haines, Haines, Hassan Nasrallah, Ismail Haniyeh, Biden, Benjamin Netanyahu, Netanyahu, Wisam, Seigle, Joe Biden, backtrack, Michael M, Nicholas Carl, there's, Privately, JIM WATSON Organizations: Service, Incumbents, Getty, Analysts, Energy, Wednesday, National Iranian Tanker Company, American Enterprise, Business, Publicly Locations: Iran, Israel, Ukraine, Tehran, Yemen, AFP, Hormuz, Saudi, Anadolu, Russia
Selena Gomez's makeup brand Rare Beauty has catapulted her to billionaire status, according to a recent Bloomberg estimate. Gomez, who's publicly discussed her own struggles with bipolar disorder, launched it as a way to promote mental health in the beauty industry. Rare Beauty brought in a reported $350 million in sales last year, according to Business of Fashion. A makeup brand promoting self-acceptance can seem asymmetric, which made Gomez think her products wouldn't sell, she told People in 2022. Since then, she's expressed her pride in Rare Beauty's growth and dedication to promoting mental health.
Persons: Selena, Ellen DeGeneres, Gomez, Barney, , Mandy Teefey, Gomez's, who's, Scott Friedman, Omar H, Fares, she's, we've, Get Organizations: Bloomberg, Disney Channel, Disney, Wizards, Globe, Company, Fund, of, CNBC Locations: Grand Prairie , Texas, California, Waverly
In this article META Follow your favorite stocks CREATE FREE ACCOUNTA logo of US company's Meta is displayed during the Vivatech technology startups and innovation fair, at the Porte de Versailles exhibition center in Paris, on May 22, 2024. It also accuses the company of retaliation after it allegedly sidelined Napoli and took him off big projects when he raised concerns that the person had been rehired. Before the layoffs, G.F. and Napoli occasionally saw each other in meetings but were no more than "work acquaintances," Napoli said. But just four months later, the company hired G.F. back to a contractor position after he apparently slipped through the cracks in the hiring process, the lawsuit says. Napoli learned his accused stalker was back at Meta when G.F.'s name popped up on Workplace, the company's internal messaging system.
Persons: Porte, Julien De Rosa, James Napoli, Napoli, Mark Zuckerberg, Carrie Goldberg, Peter Romer, Friedman, Meta, it's, Meta didn't, G.F, Luigi, he'd Organizations: Porte de, Afp, Getty, Meta, New York Supreme, Meta's New, CNBC, Facebook, Napoli Locations: Paris, New York, New, Napoli, Meta's, Meta's New York City
"Saturday Night Live" kicked off a historic 50th season by having beloved show veterans join its contemporary talents to present a satirical view of the reenergized election season. For the cold open, Maya Rudolph reprised her role as Vice President Kamala Harris, the Democratic nominee for president. Before introducing Harris, Muir said he'd give equal time to live coverage of rallies held by each candidate. Show veterans Andy Samberg (as Harris' husband, Doug Emhoff) and Dana Carvey (as President Joe Biden) shared the stage with Rudolph. "I miss Joe Biden.
Persons: Maya Rudolph, Kamala Harris, James Austin Johnson, Donald Trump, David Muir, Muir, Andrew Dismukes, Harris, he'd, Rudolph's Harris, " Harris, Doug, Jim Gaffigan, Tim Walz, Walz, It’s Kirkland, Andy Samberg, Doug Emhoff, Dana Carvey, Joe Biden, Rudolph, Samberg's, Bowen Yang, Sen, J.D, Vance of Ohio, Trump, I’m, Yang's Vance, Carvey's Biden, Johnson's Trump, Biden, Joe, , Devon Walker, Eric Adams, Adams, Alex Spiro, Walker’s Adams, Michael Che, , Jean Smart, Max, Jelly Organizations: Democratic, ABC, Minnesota Gov, Costco, New, New York City, SNL, NBC, NBCUniversal Locations: Springfield , Ohio, New York
Read previewThis as-told-to essay is based on a transcribed conversation with Christin Baumgarten, 39, about living in Bali with her husband and two kids. I moved to Bali from Berlin in April 2014. I moved to Bali when it was becoming known as an emerging startup hubI initially just planned to stay in Bali for the length of the three-month internship. Related storiesI was lonely at first, but now I have a husband and 2 kids hereInitially, I found Bali a bit lonely. Another is that following the Ukraine war, lots of people from Russia and Ukraine have moved to Bali.
Persons: , Christin Baumgarten, I'd, I've, we've, I'm Organizations: Service, Business, Tourism Locations: Bali, Berlin, Silicon Valley, Indonesian, Sumatra, Germany, Bali ., Ukraine, Russia, Renon
Vittorio Zunino Celotto/Getty ImagesCreative director Mattieu Blazy said “it’s like that first day at school when (you arrive) looking impeccable and you come back at the end of the day crumpled.” Vittorio Zunino Celotto/Getty ImagesPerfectly imperfectHigh octane glamour was dialled right down, too. Blouses also popped up at Marni, N°21 and Bottega Veneta — ranging from clean cut, office-ready designs to the more flouncy and feminine. Vittorio Zunino Celotto/Getty ImagesPointe shoes were reimagined as thong sandals. Vittorio Zunino Celotto/Getty ImagesElsewhere at Fendi, soft, bathrobe-like gowns — much like the one recently worn by Rihanna — were worn with sheer embroidered socks. Vittorio Zunino Celotto/Getty ImagesMiuccia Prada told the press she was "very very nervous” about presenting this collection.
Persons: Milan, Miuccia Prada, Prada, Max Mara’s, Max Mara, Ian Griffiths, , Maximillian Davis, Matthieu Blazy, Vittorio Zunino Celotto, Mattieu Blazy, , Kim Jones, chunky, Kate Moss, Kate, Gucci’s Sabato de Sarno, Normcore, she’s, Peter Pan, Jil Sander, Lucie, Luke Meier, chinoiserie, you’ll, Francesco Risso’s, Alessandro Dell’Acqua, ord, Versace, Donatella, Madonna, philes, Jean, Paul Gaultier, Gaultier, Rachpoot, Bauer, Griffin, Domenico Dolce, Stefano Gabbana, Julianne Moore, Jacob Elordi, Kendall Jenner, Michelle Yeoh —, Steven Spielberg’s, E.T, Blazy, Jacopo M, Donatella Versace, Jonas Gustavsson, Maximilian Davis, Victor Virgile, Prada Sabato, Daniele Venturelli, Karen Elson, Roberto Cavalli, Piovanotto Marco, Rihanna —, Versace Kim Jones, Gabriel Bouys, Adrian Appiolaza, Marco Beroorello, Marco Bertorello, Ferragamo, Delphine Achard, Francesco Risso's Marni, Mattieu, Judy Blame, Justin Shin, Boss, Raf Simmons Organizations: Milan CNN, Milan, Brands, Prada, Bottega Veneta, Red Wing, Dolce, Gabbana, Rocky, Getty, Moschino, Milan Fashion Locations: , Ferragamo, Bottega, buttoned, Marni, Milan, AFP, British
AdvertisementFor most of my time at Amazon, I've been going into the office five days a week. When Amazon RTO rules started requiring people to come into the office three days a week, I noticed that in-person work helped me and my team collaborate better. Roughly a month after I started, I decided to work in the office five days a week. I heard rumors about Amazon employees "coffee badging" on the news, but I don't personally know of anyone who's done it. In-person work has helped my team collaborate and improved my focusI heard about Amazon's new RTO policy, requiring employees to come in five days a week, on Monday.
Persons: , Luka Emrashvili, I've, It's, I'd, they'd, We've Organizations: Service, Business, Amazon, Big Tech Locations: Amazon, New York, I'm, Georgia, Eastern Europe, weren't, Bryant
Alex Guarnaschelli's deviled-egg recipe called for basic ingredients. Dave Kotinsky/Getty Images for NYCWFFGuarnaschelli's recipe is similar to the classic eggs I grew up eating. I had most of the ingredients needed in my kitchen already, so I knew I could whip these up in no time. The ingredients included eggs, mayonnaise, mustard, Worcestershire sauce, white-wine vinegar, paprika, lemon juice, hot sauce, and salt. Since the ingredients are simple, these are also the cheapest eggs I made.
Persons: Alex Guarnaschelli's, Alex Guarnaschelli, Dave Kotinsky Locations: Worcestershire
Some of the most beloved fast-food chains in the US are based in the Midwest. The Midwest is also home to a few non-burger chains like Graeter's Ice Cream and Runza. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Here are some fast-food chains from the Midwest that we wish were available across the country. Note: Some of these chains have a few locations outside the Midwest, but since they're based in the Midwest and primarily serve that region of the US, they're included on this list.
Persons: , it's, they're Organizations: Service Locations: ButterBurgers, Midwest
Brinker CEO on Chili's strength and growth strategy
  + stars: | 2024-09-17 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBrinker CEO on Chili's strength and growth strategyKevin Hochman, Brinker CEO, joins 'Money Movers' to discuss the strength of Chili's business, its growth strategy, and much more.
Persons: Brinker, Kevin Hochman
The comeback of Chili's
  + stars: | 2024-09-14 | by ( Ryan Baker | Tala Hadavi | Jason Reginato | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe comeback of Chili'sChili's is capitalizing on the American appetite for value. After a decade of stagnating sales growth, CEO Kevin Hochman took the reins of Chili's parent company, Brinker International, in 2022 to stage a turnaround. Recent success has come from viral videos on TikTok and a push toward advertising its value meals, but the casual dining chain is making investments in its operations and physical locations to sustain this growth long term. Watch the video to learn how Chili's pulled off a comeback.
Persons: Kevin Hochman, Chili's Organizations: Brinker International
Here's why Americans are going back to Chili's
  + stars: | 2024-09-14 | by ( Ryan Baker | ) www.cnbc.com   time to read: +1 min
"Our marketing team has done a great job of getting back into what we call the zeitgeist or being relevant again," Kevin Hochman, CEO of Chili's parent Brinker International , told CNBC. A viral social media presence and a push toward value-oriented advertising have propelled sales growth every quarter of fiscal 2024. The brand grew rapidly in the early 2000s, but in the decade that followed the Great Recession, Chili's U.S. locations declined and sales growth flattened. It made Chili's fun again," said Joe Wilson, managing partner of a Chili's in East Rutherford, New Jersey. Watch the video to learn more about how Chili's made a comeback.
Persons: Kevin Hochman, David Palmer, Brinker, We've, Joe Wilson, Chili's Organizations: Brinker International, CNBC, Evercore ISI Locations: U.S, East Rutherford , New Jersey
JPMorgan downgrades Peloton to neutral from overweight "Following Thursday's +35% appreciation (vs. SPX -1%) we are moving from Overweight to Neutral rated as PTON's return to growth in CF Subs & Revenue remains challenging, & visibility is limited given secular & macro pressures." Wells Fargo reiterates Burlington Stores as top pick "We reiterate BURL as our "Top Pick" and see a highly visible growth/margin bull case unfolding in real time. The combination of 1) comp acceleration and 2) margin unlocks should be powerful, and we raise 2Q/FY numbers above Street. Wells Fargo upgrades BJ's Wholesale Club to overweight from equal weight "Margin investment is the right strategic shift despite n/t pain, and supplements robust member gains. Valuation is tricky, but comp ramp/return to algo in '25 point to upside."
Persons: Piper Sandler, Warby Parker, Uber, Nomura, Wells, BURL, Goldman Sachs, Bill.com, Guggenheim Organizations: Nvidia, RBC, Westlake, JPMorgan, CF Subs, Revenue, Bank of America, Waymo, Tesla, Burlington Stores, Wholesale
Read previewJennifer Li didn't know from the get-go that she was interested in computer science and software engineering. AdvertisementIn school, Li made the unusual jump from business to computer science. Related storiesShe studied technology commercialization and management at Rensselaer Polytechnic Institute, a well-known science and engineering school in upstate New York, and later earned another master's degree at Carnegie Mellon University in computer science. Both of her parents are engineers, and Li said that she began exploring the world of computer science and engineering to satisfy a curiosity of how things are created. Computer science helped with that system of thinking."
Persons: , Jennifer Li didn't, Andreessen Horowitz, Marc Andreessen, Ben Horowitz, Li, she's, Kleiner Perkins, Mamoon Hamid, Andy Chen, Asheem, chatted, we're, that's Organizations: Service, Business, Silicon Graphics, Shanghai University of Finance, Economics, Rensselaer Polytechnic Institute, Carnegie Mellon University, Cisco, Zoom, a16z Locations: a16z, China, New York, San Francisco, AppDynamics, Solvvy
Kellanova — Shares rose more than 6% in the premarket after the foodmaker agreed to be acquired by snackmaker Mars for $83.50 per share in cash. Flutter — The FanDuel parent popped 6.3% after posting better-than-expected revenue in the second quarter and raising its full-year guidance. Brinker International — Shares of the restaurant chain behind Chili's plunged 15% after Brinker International posted fiscal fourth-quarter earnings that disappointed and issued weaker-than-expected full-year earnings guidance. Adjusted earnings of $1.61 per share came in below the FactSet consensus estimate of $1.72 earnings per share. The Ohio-based company also raised its full-year guidance for earnings per share.
Persons: snackmaker Mars, Brinker, Chili's, Health —, Cardinal, StreetAccount, Brian Niccol, Wells Fargo, Cowen, , Fred Imbert, Michelle Fox, Pia Singh, Sarah Min Organizations: Bloomberg News, Justice, Brinker International, Holdings —, Intel, Health, Deutsche Bank, Stifel Locations: British, Ohio, Wells
New PT for Starbucks: The standout in the market Tuesday is Starbucks , which is up 22%. The announcement is also winning over Wall Street, with three firms already upgrading their rating on Starbucks' stock to a buy or buy-equivalent. 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, Laxman Narasimhan, Brian Niccol, Baird, Piper Sandler, " Cowen, Brinker, Jim Cramer's, Jim Organizations: CNBC, New, Starbucks, Wall, Bar, Brinker International, Cardinal Health, Jim Cramer's Charitable
I ordered mozzarella sticks, ribs, and a specialty dessert at both TGI Fridays and Chili's. Each chain had its strengths, but I didn't like the mozzarella sticks at Chili's. The meals ended up being remarkably close in price, with a mere $0.22 difference between them. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy .
Persons: , Chili's Organizations: Service, Business
Four bitcoin wallets that led to sex-trafficking fugitive Michael Pratt's capture are seen in the bottom left corner. AdvertisementFrom Michael Pratt's 2019 criminal complaint. Federal prosecutors say Pratt increased traffic by forwarding each victim's video link to her school, work, family, and social connections. Michael Pratt's Swiss ID and Barcelona Mailboxes Etc. AdvertisementThese days, DeBarber runs the Baltimore-based Phoenix AI cybersecurity firm with cofounder Justine Li, a Girls Do Porn victim and plaintiff.
Persons: , Michael James Pratt —, Pratt, Michael Pratt's, Michael Pratt, it's, Charles DeBarber, ike, ake, ould, ong, hough, erving, J ames, rove, ratt, ong K ong, egan, ove, arlene, lew, anni, rooke,, rian H olm,, wiss Organizations: Service, Spanish, Business, Spain's Policia Nacional, Policia Nacional, ust Locations: New Zealander, Madrid, Southern California, Spain, bitcoin, omiting,, ife, ictim
Read previewBillie Eilish has gleefully joined the extended "Brat" universe with her featured spot on "Guess," a fan-favorite track from Charli XCX's latest album. Related storiesNow, with "Guess," Eilish enters as both a foil and hopeful love interest. She sing-raps as if she's responding to Charli's original lyrics, breaking the fourth wall with a seductive wink: "Charli likes boys, but she knows I'd hit it." In the "Guess" remix, Charli tweaks her own verse as a nod to Eilish's new era: "Wear 'em, post 'em, might remix it / Eat it up for lunch, yeah, it's so delicious." Each "Brat" remix is arguably as good as the original, yet distinct and unique in its own right.
Persons: , Billie Eilish, Charli, Eilish, Addison Rae, Robyn, Yung Lean, Rae, Timbaland, Justin Timberlake, Nelly Furtado's, doesn't, — it's, Julia, George, Sophie, Julia Fox, Cook, Charli's fiancé George Daniel, They're, Ariana Grande, Taylor, Mariah Carey, Justin Bieber, they've, it's Organizations: Service, Business Locations: Dua
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