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Securities and Exchange Commission Chair Gary Gensler will resign on Jan. 20, the agency announced Thursday, paving the way for President-elect Donald Trump to select a replacement immediately. Gensler took over the SEC in 2021, and under his leadership the commission has taken an ambitious but controversial approach to several regulatory issues, including cryptocurrencies. Trump has not announced his pick to lead the SEC, but the expectation is that the next chair will be friendlier to Wall Street and crypto. SEC commissioners serve five-year terms, so Gensler could have in theory stayed on until at least 2026. Under Gensler, the SEC pushed to require more disclosures from publicly traded companies and financial advisors for investors.
Persons: Gary Gensler, Donald Trump, Gensler, Trump, ” Gensler, Gensler’s Organizations: Securities, Exchange, SEC, cryptocurrencies, Gensler’s SEC
WASHINGTON — China’s defense minister declined a meeting with Defense Secretary Lloyd Austin during a meeting of defense leaders in Laos, a move the Pentagon chief said Wednesday was unfortunate. Multilateral gatherings of national security officials in Asia have been used in the past for meetings between U.S. and Chinese defense leaders, but China declined a meeting request by Austin during this week’s Southeast Asian Nations-Plus defense ministers meeting. It affects the region because the region really wants to see us, you know, two significant players in the region, two significant powers, talk to each other,” Austin told reporters. “I don’t think that it has any sort of implications for the future. Chinese President Xi Jinping vowed on Saturday to work with the incoming U.S. administration of Donald Trump as he held his final talks with departing President Joe Biden on conflicts from cybercrime to trade, Taiwan, the South China Sea and Russia.
Persons: WASHINGTON, Lloyd Austin, Wednesday, , ” Austin, ” Austin added.Austin, Dong Jun, Xi Jinping, Donald Trump, Joe Biden Organizations: Pentagon, Austin, Nations Locations: Laos, Asia, China, Singapore, Taiwan, cybercrime, South, Sea, Russia
The Columbus march was Hate Club’s first official event and appears to have been part of a turf war with the White nationalist supremacist Blood Tribe, Segal said. We will continue to strive to make Columbus a city where all residents feel welcome and safe.”‘Hate doesn’t get to have the last word’Some Columbus community leaders marched Sunday in unity against the prior day’s neo-Nazi demonstration. Derrick Holmes, senior pastor at Union Grove Baptist Church, told CNN affiliate WSYX of the White nationalist event. Columbus will always stand with those they seek to intimidate.”The presence of White supremacist groups in Ohio is not new. “This White supremacist activity never went away,” he said.
Persons: , WBNS that’s, White supremacists, Oren Segal, Club’s, Segal, ” Segal, , Elaine R, Bryant, Derrick Holmes, doesn’t, Shannon Hardin, Donald Trump, White, Trump, “ I’m, ” Hardin, Vance, Courtney Hergesheimer, Joe, Biden, Andrew Bates, ” ‘, CNN’s Jim Acosta, Justin Kirschner, Kirschner, , Nana Watson, Zach Klein, CNN’s Brianna Keilar, ” Klein, they’re, Hanna Organizations: CNN —, Hate, Defamation League, CNN, Nazi Party, Columbus police, Defamation League Center, White, Columbus Police, Union, Union Grove Baptist Church, Columbus City, Ku Klux Klan, University of Dayton, Trump, Columbus Dispatch, USA, , American Jewish, Hamas, Islamic Relations, NAACP Columbus, Columbus Locations: Columbus , Ohio, United States, Nashville , New Hampshire, Boston , Virginia, Michigan, Washington, Columbus, Ohio, Union Grove, Charlottesville , Virginia, Cincinnati, Israel
On his path to the presidency, President-elect Donald J. Trump consistently made Mexico a target. But Mexico’s leaders aren’t panicking — in fact, some of them see opportunity in Trump’s return to the White House, according to six current and former officials, some of whom were not authorized to speak publicly. Mexico is banking on its ability to negotiate with a deal maker like Mr. Trump. President Claudia Sheinbaum of Mexico has said that her government “will look to contact President Trump’s transition team before he enters” the White House. The goal of those talks, officials say, would be to reach agreements on key issues ahead of the inauguration in January.
Persons: Donald J, Trump, aren’t panicking, Claudia Sheinbaum, Trump’s Organizations: White Locations: Mexico
So that's why I say there's plenty of meat left on the bone for investing in credit munis," McFee said. Sector outlook Municipal bond funds buy and hold fixed income instruments issued by state and local governments or related entities. Over the past month, major index funds iShares National Muni Bond ETF (MUB) and Vanguard Tax-Exempt Bond ETF (VTEB) have raked in about $2.2 billion of combined inflows, according to FactSet. The big iShares and Vanguard muni funds have each returned about 1.7%, year to date, compared with 1.6% for the iShares Core U.S. And Vanguard is not the only asset manager pushing new muni funds into the market.
Persons: weren't, Steve McFee, McFee, Goldman Sachs Organizations: Vanguard, Bond, McFee, AAA, Muni Bond ETF, Vanguard muni, iShares, Aggregate Bond
If confirmed by the Senate, three key nominees would largely be responsible for executing Trump's "drill, baby, drill" agenda across the federal government. The Interior Department leases millions of acres of public lands and waters for oil and gas drilling. The oil and gas industry is pushing the Trump administration to issue a new five-year offshore-leasing program. Woods of ExxonMobil told Semafor last week that the Trump administration should keep regulations to curb methane emissions from oil and gas infrastructure. But Trump attacked electric vehicles on the campaign trail, adopting the oil and gas lobby's messaging.
Persons: Donald Trump, Doug Burgum, Chris Wright, Trump, Lee Zeldin, Trump's, Karoline Leavitt, Vance, Wright, Biden, Amanda Eversole, Kenny Stein, Darren Woods, Stein, It's, Woods, Semafor, David Brown, Wood Mackenzie Organizations: Interior, Energy, Senate, Trump, Interior Department, Liberty Energy, Environmental Protection Agency, National Energy Council, Truth, Energy Department, Republicans, of, American Petroleum Institute, American Energy Alliance, CNBC, EPA, ExxonMobil, US Locations: Gulf of Mexico, North Dakota, New York, Saudi Arabia, Qatar, Russia, Europe, Gulf, Mexico, Wood
Here’s five things to know for Week 12:Your Super Bowl favorite: the Detroit LionsFor the first time ever, the Detroit Lions are the favorites to win the Super Bowl. The games are obviously very hard always and tough to win and just rewind a week ago at Houston, how hard that win was. Head coach Kyle Shanahan was asked if there is anything to the Super Bowl hangover and said: “I don’t think there is an answer about a journey or Super Bowl hangover. The 49ers suffered their fifth loss of the season in Week 11 at the hands of Geno Smith (right) and the Seattle Seahawks. Steelers QB Russell Wilson has previously won a Super Bowl during his time with the Seahawks and lost in another.
Persons: oddsmakers, Jared Goff, Goff, , , we’ve, It’s, David Reginek, Geno Smith scampered, Kyle Shanahan, Geno Smith, David Gonzales, Patrick Mahomes, Mahomes, ” Mahomes, won’t, Isiah Pacheco, – they’ve, Bryce Young, Chris Boswell, Russell Wilson, ” Wilson, it’s, I’ve, Harbaugh, John, Jim Harbaugh, Jim, Organizations: CNN, Fantasy, NFL, Atlanta Falcons, Buffalo Bills, Cincinnati Bengals, Jacksonville Jaguars, New, New Orleans Saints, New York Jets, Detroit Lions, Lions, Kansas City Chiefs, NFC, Houston Texans, Indianapolis Colts, Sunday, Jaguars, Reuters, San Francisco 49ers, Seattle Seahawks, Niners, 49ers, Green Bay Packers, Bills, USA, Reuters Chiefs, Chiefs, Kansas, Carolina Panthers, Panthers, Steelers, Bengals, Baltimore Ravens, Pittsburgh Steelers, Ravens, Baltimore, Browns, Football, Pittsburgh, Seahawks, Seattle, Jim’s Niners, Chargers, AFC, Cleveland Browns, Minnesota Vikings, Chicago Bears, Tennessee Titans, . Houston Texans –, New England Patriots, . Miami Dolphins –, Tampa Bay Buccaneers, . New York Giants, Dallas Cowboys, . Washington, Denver Broncos, Las Vegas Raiders, Arizona Cardinals, Seattle Seahawks –, Philadelphia Eagles, Los Angeles Rams, Los Angeles Chargers Locations: New Orleans, Detroit, Houston, Wisconsin, Buffalo, Kansas City, Carolina, Cleveland, Pittsburgh
However, the four Biden appellate nominees already faced tough odds of confirmation, with some, like 3rd US Circuit Court of Appeals nominee Adeel Mangi, facing opposition among Democrats as well. The Senate deal puts Biden in a position to potentially beat Trump’s record of number of district court judges confirmed. Still, Demand Justice, an organization that advocates for progressive judicial nominees, blasted the new deal for depriving the four Biden circuit nominees of floor votes. Those efforts were always going to face headwinds and got more arduous when Trump demanded that Senate Republicans blockade all pending Biden nominees for the bench. Under the new deal, Republicans backed off procedural tactics that would stymie the confirmations of six district nominees that were on the floor Wednesday night and on Thursday.
Persons: Joe Biden’s, Donald Trump’s, Biden, Adeel Mangi, , Chuck Schumer, Trump, haven’t, Obama, Maggie Jo Buchanan, , Donald Trump, headwinds, Independent Sen, Joe Manchin’s, Kyrsten Sinema, Washington –, Dick Durbin Organizations: CNN, Senate, Liberal, Democratic, Republicans, Biden, Democrats, GOP, Trump, Demand, Independent, Republican, Illinois Democrat Locations: Washington, Arizona, Illinois
SEC commissioners serve five-year terms, so Gensler could in theory have stayed on until at least 2026. Gensler took over the SEC in 2021, and under his leadership the commission has taken an ambitious but controversial approach to several regulatory issues, including cryptocurrencies. Trump has not announced his pick to lead the SEC, but the expectation is that the next chair will be friendlier to Wall Street and crypto. Securities and Exchange Commission Chair Gary Gensler will resign on Jan. 20, the agency announced Thursday, paving the way for President-elect Donald Trump to immediately select a replacement. Under Gensler, the SEC pushed to require more disclosure from publicly traded companies and financial advisors for investors.
Persons: Gensler, Trump, Gary Gensler, Donald Trump, Elon Musk, Musk, Gensler's, — CNBC's Lora Kolodny Organizations: SEC, cryptocurrencies, . Securities, Exchange, Gensler's SEC, Twitter, Trump, Government Efficiency
The post sparked immediate backlash from Indian social media users and inspired several memes and spoofs. “Guys basically he is trying to uplift those who are already uplifted,” one user wrote, referring to Zomato CEO Deepinder Goyal. Another said, “A job is supposed to help you pay bills and put food on the table. Deepinder Goyal, the CEO of Zomato, in an image dated June 30, 2015. “I hope that ‘pay the company to get a job’ doesn’t become a norm in this world – that’s not cool,” he wrote.
Persons: Deepinder Goyal, , Goyal, ” Goyal, Ramesh Pathania, Soumya Bhowmick, , doesn’t, Zomato Organizations: New, New Delhi CNN, Hindustan Times, Getty Images, CNN, ” CNN Locations: New Delhi, India
The hedge fund is run by co-CEOs Carter Lyons and Scott Hoffman, who took over for Two Sigma's billionaire cofounders in September. The firm is planning to continue to invest in its core strategies, a person close to the manager said. Related Video How tech layoffs could affect the economyNo portfolio managers were eliminated, a person close to the manager told Business Insider. AdvertisementThe goal is to be more disciplined as the firm grows going forward, the person close to Two Sigma said. AdvertisementIn this light, the latest cuts could be seen as a clean-up of balance sheet bloat — but the person close to the firm said that a listing has not been discussed in any form.
Persons: Carter Lyons, Scott Hoffman, cofounders, cofounders John Overdeck, David Siegel, Lyons, Hoffman, Lazard's Organizations: Sigma, Business, Bloomberg, shepherding Locations: New York
Deportation often hinges on diplomacy – and has been a steep challenge for the US when dealing with countries where there are frosty relations. Taken together, it’s a return to a hardline approach meant to get countries receiving deportees to comply and attempt to curb migration. But sources close to and involved in discussions argue they’ve identified the incentives and pressure points to have countries cooperate. The executive actions and reviews underway by the Trump team include the return of the program informally known as “remain in Mexico,” which requires migrants to stay in Mexico during their immigration proceedings in the US. “A second-term Trump administration will expand ‘burden-sharing’ deals with Honduras, Guatemala and El Salvador that cut off pathways to the US for asylum-seekers.
Persons: Donald Trump’s, Trump, it’s, they’ve, Biden, , they’re, “ It’s, Claudia Sheinbaum, Trump’s, El, Nayib Bukele, , Andrew Selee, CNN’s Phil Mattingly Organizations: Washington CNN —, , Western Hemisphere, Governments, Trump, Northern, Policy Institute Locations: America, United States, Mexico, Panama, Darien, Venezuela, China, Guatemala, El Salvador, Honduras, Angeles
Nugget is giving shoppers 10% off when they purchase The Nugget play couch and Chunk ottoman together as part of its Big Orange Box Set promotion. For Black Friday, you can save 10% when you purchase The Nugget and The Chunk play ottoman together in the Big Orange Box Set. View at Nugget What we like Check mark icon A check mark. Play couch comes in 20 colors and ottoman is available in 10Check mark icon A check mark. Waterproof liners sold separatelyBlack Friday Nugget Couch FAQsWhat age is the Nugget play couch for?
Persons: Conz, It's Organizations: Business, Big
Employers know that prioritizing employee wellbeing is the right thing to do, but there are also business benefits. Indeed Introduces the 2024 Work Wellbeing 100, ranking the Top Publicly-Traded Companies for Work Wellbeing in the US. Oxford recently analyzed Indeed's work wellbeing dataset and highlighted a strong correlation between company wellbeing and business performance. Indeed's 2024 Global Work Wellbeing Report findings revealed that higher levels of employee wellbeing are associated with improved firm valuation, return on assets, and gross profits. Indeed reinforced the business case for work wellbeing by launching the Work Wellbeing 100, an index ranking the top 100 publicly traded companies based on their Indeed Work Wellbeing Score.
Persons: Russell, — LaFawn Davis, Davis Organizations: Oxford, Nasdaq, Forrester Research, Insider Studios Locations: Oxford, millennials
Following the trade, Jim Cramer's Charitable Trust will own 750 shares of AVGO, increasing its weighting to about 3.50% from about 3.25%. We're nibbling on Broadcom shares, buying back the second half of the 100 shares we sold in June at a split-adjusted price of $181. Like most chip stocks excluding Nvidia, Broadcom has fallen from its recent highs. Shares of this AI chip designer and software company have pulled back nearly 12% since closing at a high of nearly $186 apiece on Oct. 9. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Jim Cramer's, We're, That's, , Jensen Huang, Blackwell, Jim Cramer, Jim, Michael M Organizations: Broadcom, AVGO, Nvidia, CNBC, Traders, New York Stock Exchange, Santiago, Getty Locations: New York City
Big swaths of the market have pulled back since the Nov. 5 election. Vaccine makers and processed food companies suffered after Robert F. Kennedy Jr., a prominent vaccine skeptic, was tapped to lead the Department of Health and Human Services. Just this week, HSBC upgraded Moderna to buy from hold, saying that its "pipeline deserves more than the market is giving it credit for." BioNTech, which pulled back more than 5% this month, was identified by Evercore ISI this week as a buying opportunity. AbbVie and First Solar are two other stocks with strong upside potential, based on analysts' consensus price targets compiled by FactSet.
Persons: Donald Trump's, Robert F, Kennedy Jr, Elon Musk, Vivek Ramaswamy, Nanette Abuhoff Jacobson, Luke O'Neill, FactSet Organizations: Department of Health, Human Services, Defense, Department of Government, Hartford Funds, Catalyst, Alpha Fund, White House, Moderna, HSBC, Evercore ISI, RFK Jr Locations: China
The star, known as WOH G64, is 160,000 light-years from Earth in the Large Magellanic Cloud, a small neighboring galaxy that orbits the Milky Way. Van Loon has observed WOH G64 since the 1990s and studied it as a student at the European Southern Observatory. The Hubble Space Telescope soon revealed it had indeed been a red supergiant in the past, perhaps 20,000 years before the explosion. “If this is what we are seeing (WOH G64) doing, then a spectacle awaits us soon,” van Loon said. It’s nowhere near as bright or variable as WOH G64, van Loon said, and only experienced a brief hiccup compared with what WOH G64 is undergoing.
Persons: , Keiichi Ohnaka, Jacco van, UK’s Keele University . Van Loon, van Loon, Gerd Weigelt, Max Planck, It’s, Edward Guinan, Guinan, , ” van Loon, Ohnaka Organizations: CNN —, Southern, Astrophysics, , Andrés Bello National University, Keele Observatory, UK’s Keele University . Van, European Southern Observatory, Max, Max Planck Institute for Radio Astronomy, Villanova University in, Hubble Locations: Atacama, Chile, Jacco van Loon, Bonn, Germany, Villanova University in Pennsylvania
The fate of MSNBC could be in Trump’s hands
  + stars: | 2024-11-21 | by ( Matt Egan | ) edition.cnn.com   time to read: +6 min
It’s true that analysts expect the Trump administration to generally be less hostile to mergers. Yet it’s also true that some Republicans – including some tapped to join the Trump administration – have been described as “Khanservatives” because they’ve called for tougher, not weaker, antitrust scrutiny. Earlier this year, Gaetz told NOTUS that the FCC chair’s work “inspired me” and he expressed hope she stays in power for a Trump administration. As Gaetz fights to survive a tough nomination process to be attorney general, Comcast dropped a bombshell in the media industry by spinning off MSNBC, CNBC, USA, Oxygen and other networks. “It’s hard not to look at the spinoff of CNBC and MSNBC as potentially a response to the new administration,” said Petro.
Persons: Donald Trump’s, Trump, Donald Trump, ” Craig Moffett, MoffettNathanson, Brendan Carr, Trump’s, Kamala Harris, Carr, Skydance’s, , Moffett, Jeffrey Sonnenfeld, Sonnenfeld, Gaetz, Vance, Lina Khan, it’s, they’ve, JD Vance, Khan, Biden, Matt Gaetz, NOTUS, , Brian Roberts, Will Trump, Frank Louthan, Raymond James, It’s, Louthan, Lee Petro, Dickinson, it’s “, Petro Organizations: New, New York CNN, Department, T’s, CNN, Timer Warner, Trump, Comcast, MSNBC, CNBC, NBC, DOJ, Federal Communications Commission, FCC, Paramount, Fox News, CBS, Yale, Leadership, Time Warner, Biden, Federal Trade, , Washington DC Locations: New York, Florida, USA
The International Criminal Court issued arrest warrants on Thursday for Israeli Prime Minister Benjamin Netanyahu, his former defense minister and Hamas officials, accusing them of war crimes and crimes against humanity over the war in Gaza and the October 2023 attacks that triggered Israel's offensive in the Palestinian territory. Netanyahu and other Israeli leaders have condemned ICC Chief Prosecutor Karim Khan's request for warrants as disgraceful and antisemitic. U.S. President Joe Biden also blasted the prosecutor and expressed support for Israel's right to defend itself against Hamas. The court also issued a warrant for the arrest of Mohammed Deif, one of the leaders of Hamas. Khan sought warrants in May, accusing Netanyahu and Gallant of crimes including murder, intentionally attacking civilians, and persecution.
Persons: Benjamin Netanyahu, Netanyahu, Karim Khan's, Joe Biden, Yoav Gallant, Mohammed Deif, Yahya Sinwar, Ismail Haniyeh, Oren Marmorstein, Israel, Gallant, Vladimir Putin, Khan, — Sinwar, Deif, Haniyeh, hasn't, Sinwar, Balkees Jarrah, Benny Gantz, Yair Lapid Organizations: Israeli, ICC, U.S, Israeli Foreign Ministry, Foreign, Hamas, Prosecutors, Human Rights Locations: Gaza, Palestinian, Israel, United States, Hague, Ukraine, Mongolia, Israeli, Iran
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Morgan Stanley's Michael Kushma and American Century's Mike RodeMike Rode, senior investment director at American Century Investments, and Michael Kushma, senior fixed income portfolio manager at Morgan Stanley Investment Management, join CNBC's 'The Exchange' to discuss where to find opportunity in the market, how to position for the incoming administration, and more.
Persons: Morgan Stanley's Michael Kushma, Mike Rode Mike Rode, Michael Kushma, CNBC's Organizations: Century Investments, Morgan Stanley Investment Management
By the end of the day, Trump had announced a new pick for attorney general: Pam Bondi, the former attorney general of Florida. One by one, the senator wanted to know who had told Gaetz “yes” they were with him. After being asked for comment for CNN’s story, Gaetz announced his withdrawal as Trump’s nominee for attorney general. “I greatly appreciate the recent efforts of Matt Gaetz in seeking approval to be Attorney General. Some lawmakers have already asked the parliamentarian to weigh in and clear up the confusion, one source told CNN.
Persons: JD Vance, Matt Gaetz, they’d, Vance, , Donald Trump, Trump, Gaetz, Gaetz —, he’d, Department —, ” Gaetz, Pam Bondi, Gaetz’s, Republican Sen, Kevin Cramer of North, ” Cramer, wouldn’t, , Trump’s, Gaetz couldn’t, Matt, ” Trump, Karoline Leavitt, Pete Hegseth, Robert F, Kennedy Jr, Kevin McCarthy, Kentucky Sen, Mitch McConnell, Maine Sen, Susan Collins, Oklahoma Sen, Markwayne Mullin, Dakota Sen, Mike Rounds, “ I’m, Rounds, ” Sen, Roger Wicker, Cynthia Lummis, Florida Sen, Rick Scott, , Will Gaetz, preemptively, Michael Guest, , CNN’s Kaitlan Collins Organizations: CNN, Capitol, Senate, Trump, Department, DOJ, Republican, GOP, Republicans, Justice Department, Administration, , Department of Justice, Fox News, Defense Department, Department of Health, Human Services, Hill, Oklahoma, Mississippi Republican, Wyoming Republican, Democrats Locations: Florida, Washington, Kevin Cramer of North Dakota, Gaetz, Kentucky, Maine, Dakota, Mississippi, Wyoming
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNext year will provide opportunity for mid caps and the financials: Goldman's Wilson-ElizondoAlexandra Wilson-Elizondo, Goldman Sachs Asset Management co-CIO of multi-asset solutions, joins 'Squawk Box' to discuss if animal spirits from the election are rippling through the markets, how many variables there are in the new political environment, and much more.
Persons: Goldman's Wilson, Elizondo Alexandra Wilson, Elizondo, Goldman Organizations: Management
Rancher Jim Chilton stands at the US-Mexico border, where the wall ends, on his family’s ranch southeast of Arivaca, Arizona. Matt York/APShoes left behind by migrants on the Chiltons' ranch are displayed on their front porch in 2016. And while they want the border wall finished, they still support legal immigration. He feels his time with a vigilante group called Arizona Border Recon is his opportunity to give back to the country that welcomed him. Tim Foley leads a vigilante group called Arizona Border Recon.
Persons: Sue Chilton’s, Obama, they’ve, Donald Trump’s, Jim Chilton, Norma Galeana, Joe Biden, Sue Chilton, , Biden, that’s, Matt York, Frederic J . Brown, Jim, ” Jim, Tom Homan, Greg Abbott, , Elon Musk, ” Sue, Will Lanzoni, Hugo, anybody’s, Tim Foley, CNN Foley, Trump, I’ve, Cochise County Sheriff Mark Dannels, Dannels, “ We’ve, CNN Dannels, Foley, Sheriff Dannels, it’s, Brandon Bell, It’s, Rafael, ” Rafael Organizations: Arizona CNN, Border Patrol, CNN, US Border Patrol, Getty, Trump, Republican National Convention, Texas Gov, Arizona, National Guard, Cochise County Sheriff, gotaways, West Locations: Nogales, Arizona, camo, Mexico, Arivaca , Arizona, United States, Sasabe , Arizona, AFP, Uruguayan, Greenwich , Connecticut, Cochise County, Chilton, Sheriff, It’s, Nogales , Arizona
AdvertisementThere's been a $30 million offer on Sean Combs' Los Angeles mansion. The lowball offer comes from the same real estate investor who purchased Kanye West's Malibu house. AdvertisementThe mansion is in one of Los Angeles' richest neighborhoods, known for its proximity to Beverly Hills and large lots. Luxury real estate in Los Angeles is currently experiencing a major slump, Beverly Hills agent Rochelle Atlas Maize told BI. Maize, who was personally shopping for homes in Los Angeles at the time, said she wouldn't step foot near it.
Persons: Sean Combs, Sean, Diddy, Combs, Bo Belmont, Shou Zi Chew, Belmont, Rochelle Atlas, Belwood, starchitect Tadao Ando, Menendez, Ryan Murphy's, it's, It's Organizations: feds, Kanye, Belwood Investments, Business, Beverly, Rochelle Atlas Maize, Ryan Murphy's Netflix Locations: Los Angeles, Los, Singapore, Beverly Hills, Rochelle, Malibu, Beverly Flats
Two catalysts may send shares of Netflix even higher in the months ahead, according to Bank of America. Analyst Jessica Reif Ehrlich reiterated her buy rating on Netflix and hiked her price target by $200 to $1,000, implying more than 13% upside from Wednesday's close. "Live and advertising are complementary growth drivers, as more live programming drives additional high value, premium ad inventory," Reif Ehrlich added. "Netflix's ability to monetize this premium live inventory will be key to making advertising a multi-year growth driver." Still, Netflix has an average price target of $787, implying about 11% downside from Wednesday's close.
Persons: Jessica Reif Ehrlich, Reif Ehrlich, Mike Tyson, Jake Paul –, Beyoncé –, ann Organizations: Netflix, Bank of America, Broadcasting
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