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Thursday's analyst calls featured an upgrade to a car rental stock and a big downgrade to an airline. The bank also hiked his price target on the tech giant to $225 per share, implying upside of 23%. — Pia Singh 5:36 a.m.: Citi downgrades Spirit Airlines to sell Citi is throwing in the towel on Spirit Airlines . Week to date, Spirit shares are down nearly 60%. Spirit shares were down more than 4% in the premarket.
Persons: Morgan Stanley, Hertz, Andrew Percoco, Percoco, — Pia Singh, Wamsi Mohan, Fred Imbert, Kirk Materne, Materne, Dan Dolev, Dolev, he's, CFRA, Kenneth Leon, Berkshire Hathaway, Leon, Ranjan Sharma, Sharma, bode, Adam Jonas, Jonas, Morgan, Stephen Trent, Trent Organizations: CNBC, flipside, Citi, Spirit Airlines, JetBlue, Bank of America, Apple Bank of America, Apple, Microsoft, ISI, Activision, Activision Blizzard, Mizuho, Fidelity National Information Services, Paramount Global, RedBird Capital, Warner Bros ., Comcast, Paramount's, Showtime, Paramount, JPMorgan, Grab Holdings, Hertz Global Holdings, Jan, Citi downgrades Spirit Airlines, Spirit, Airlines Locations: Berkshire, 1H24, Wednesday's
Fighting remains intense in southern and eastern Ukraine, where Russian units are deeply entrenched, preventing Ukraine's forces from making significant advances. They note that neither Russia nor Ukraine seems to be at a point where a political resolution is palatable, however. 'Red lines' firmly drawnBoth Russia and Ukraine have repeatedly said they want the war to end — but on their terms. For its part, the Kremlin said in December that it saw no current basis for peace talks, and called Kyiv's peace plan an "absurd process" as it excluded Russia. One big stumbling block in any potential peace talks now is their respective positions on territorial integrity.
Persons: Volodymyr Zelenskyy, It's, Sam Greene, Pierre Crom, Stephen Twitty, Vladimir Putin, Sam Cranny, Evans, Putin, there's, Zelenskyy, Mario Bikarski, Mitch McConnell, Chuck Schumer, Bill Clark Organizations: Anadolu, Getty, Economic, King's College London, CNBC, U.S, Army, U.S . European Command, Economic Forum, Royal United Services Institute, Kremlin, Kherson —, Anadolu Agency, CIS, Senators, Capitol, Cq, Inc Locations: Kharkiv, Ukraine, Ukrainian, Russia, Switzerland, Davos, Kyiv, Malta, China, Crimea, Avdiivka, Europe, Moscow, Russian, Estonia, Belarus, Turkey, Donetsk, Luhansk, Zaporizhzhia, Kherson, Ky
The National Science Foundation declined to answer AP questions about why Bieneman was sent out into the field in a critical safety role while under investigation. The case raises further questions about decision-making in the U.S. Antarctic Program, which is already under scrutiny. Conway and the graduate students did not respond to AP requests for comment. In the complaint, Conway described Bieneman as initially being “domineering and critical” of the two female graduate students at the camp. He said the graduate students, fearing possible retaliation if they disclosed the story, felt they had to tiptoe around Bieneman.
Persons: Stephen Tyler Bieneman, Bieneman, , Birney Bervar, ” Marc Tunstall, icefield, Tyler, Howard Conway, Conway, ” Conway, Jennifer Farrar Organizations: The Associated Press, McMurdo, The National Science Foundation, U.S . Antarctic Program, AP, NSF, Prosecutors, Twin, University of Washington, Conway, Bieneman, Attorney's Locations: WELLINGTON, New Zealand, Antarctica, Honolulu, Allan, McMurdo, Bieneman, Hawaii, The U.S, New York
A federal judge has made a decision in a dispute between relatives of Franklin D. Roosevelt’s press secretary over ownership of four Norman Rockwell drawings that hung for decades in the White House. The drawings — titled “So You Want to See the President!” — show a range of figures, including a Scottish military officer, a beauty pageant winner and a U.S. senator, all waiting at the White House for an audience with Roosevelt. Rockwell gave the originals of the drawings, which were published in The Saturday Evening Post, to the president’s press secretary, Stephen T. Early. One drawing depicts Early with a pipe clenched between his teeth, facing a clutch of reporters. The court case focused on who in the family had inherited the drawings from Early, with some relatives saying that they had been unaware until recently that the works had been on loan to the White House since 1978.
Persons: Franklin D, Norman Rockwell, , Roosevelt, Rockwell, Stephen T Organizations: Scottish, White House, House Locations: U.S
REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsCHICAGO, Oct 12 (Reuters) - Delta Air Lines (DAL.N) on Thursday reported stronger-than-expected quarterly profit on strong international travel, but trimmed its full-year outlook due to higher fuel costs. In an interview, he said the demand for Delta's products remain "high" as its customers are in "a very healthy condition." Delta now expects adjusted earnings of $6 to $6.25 per share this year, compared with $6 to $7 per share estimated in July. In the December quarter, the airline expects adjusted earnings in the range of $1.05 to $1.30 per share. Ultra-low-cost carrier Spirit Airlines (SAVE.N) last month cut its profit outlook for the third quarter, citing "heightened promotional activity with steep discounting."
Persons: John F, Andrew Kelly, Ed Bastian, Delta, Stephen Trent, Hopper, airfare, Bastian, Rajesh Kumar Singh, Mehr Bedi, Jamie Freed, Arun Koyyur, Nick Zieminski Organizations: Delta Air Lines, Kennedy International Airport, REUTERS, Rights, Delta, U.S, Wall Street, Citi Research, Spirit Airlines, Frontier Airlines, Thomson Locations: Queens , New York City, U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPerformance of international long haul flights is beating domestic, says Citi's Stephen TrentStephen Trent, Citigroup airline analyst and managing director, joins 'The Exchange' to discuss bifurcation in the airline sector's performance, consumer preference for international long-haul flights over domestic, and hybrid work policies shifting airline ticker purchasing trends.
Persons: Citi's Stephen Trent Stephen Trent Organizations: Citigroup
Marc Atkins/Getty ImagesAt the heart of this is a failure in communication by match officials and a failure to put pragmatism before protocol. There is an acceptance that mistakes will happen, and there have been plenty already this season in the Premier League. The release of the audio of the conversations between the match officials would likely influence what Liverpool does next. In rugby union, fans can listen to discussions between match officials on crucial decisions, making the process clear and open for all. The immediate consequence has been that VAR officials England and Cook have not been selected to feature in this weekend’s Premier League games.
Persons: wasn’t, , Mohamed Salah’s, Luis Díaz, Salah, Darren England, Simon Hooper, Hooper, , Dan Cook, PGMOL, Curtis Jones, Marc Atkins, VARs –, Jurgen Klopp, , Alan Shearer, Visionhaus, Neil Atkinson, , CNN Sport’s Don Riddell, Klopp, Joel Matip, Justin Setterfield, Stephen Taylor Heath, they’ve, ” Taylor Heath, Taylor Heath, Henry Winter, Howard Webb, PGMOL’s, Díaz, Peter Cziborra, Webb, Cook Organizations: CNN, English Premier League, Liverpool, Tottenham, Premier League, Manchester, Spurs, England, Nottingham Forest, Brentford, Sunday, Fulham, Chelsea, Daily Telegraph, BBC, Anfield, JWM Solicitors, CNN Sport, , Times, Major League Soccer, PA Media, Sky Sports, International Football Association Board Locations: Liverpool, Colombian, England
A family in South Carolina said they spotted the missing F-35 flying almost inverted. They told NBC News they were celebrating a birthday when they saw the aircraft at about 100 feet. The family heard a "boom" later on, but assumed it may have been thunder, per NBC News. The Truluck family told NBC News they were celebrating their son's seventh birthday in Williamsburg County on Sunday when they saw the jet and then heard a "boom." AdvertisementAdvertisementWhen the family later heard a "boom," they assumed it was thunder, Adrian Truluck told NBC News.
Persons: Stephen Truluck, Adrian Truluck, Charlton Truluck, Randolph White, screech Organizations: NBC News, NBC, Service, Shaw Air Force Base, Courier, Corps, Marine Corps Locations: South Carolina, Wall, Silicon, Williamsburg County, Charleston, Williamsburg
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDemand trends for airlines in domestic and international markets have bifurcated, says Citi's TrentStephen Trent, Citigroup airline analyst, joins 'Squawk Box' to discuss the demand side of the equation for airlines, how consumers can afford to pay more for an airline seat, and Trent's favorite stocks in the space.
Persons: Citi's Trent Stephen Trent Organizations: Citigroup
As the series creator, he was keen to continue the story of the family in "Young Love," which premieres on Sept. 21 and runs for 12 episodes. "Hair Love" unpacks the story of a Black father named Stephen trying to do his seven-year-old daughter Zuri's hair for the first time while his wife Angela is in the hospital receiving chemotherapy for cancer. "Young Love" picks up after Angela's return home from treatment, exploring the life of the multigenerational family in Chicago, where Cherry grew up. "Young Love" is another chapter in the short film's expansion. "Hair Love" has already been adapted into a New York Times bestselling book, the Dove Kids Hair Love collection and used as a pillar in the passing of the CROWN Act, a bill that aims to end hair discrimination in the United States.
Persons: Matthew A, Cherry, Stephen, Angela, Issa Rae, Zuri, Angela's, Rae, Loretta Devine, Sheryl Lee Ralph, Kid Cudi, Henry Lennix, Cudi, Danielle Broadway, Eric Cox, Mary Milliken, Aurora Ellis Organizations: Reuters, YouTube, New York Times, Thomson Locations: Chicago, United States, Los Angeles
[1/2] A Southwest Airlines aircraft flies past the U.S. Capitol before landing at Reagan National Airport in Arlington, Virginia, U.S., January 24, 2022. REUTERS/Joshua Roberts/File Photo Acquire Licensing RightsSept 6 (Reuters) - Southwest Airlines (LUV.N) on Wednesday flagged softer August leisure bookings and joined two other U.S. airlines in warning of higher fuel costs in the third quarter due to a jump in crude prices. United Airlines (UAL.O) and Alaska Air Group (ALK.N) also warned of higher fuel costs in the current quarter as crude oil prices rose for a third straight month in August, amid signs of tightening supply. In a regulatory filing, United said jet fuel prices have climbed over 20% since mid-July. U.S. airlines do not generally hedge against fuel costs, making them vulnerable to price swings.
Persons: Joshua Roberts, Gerald Laderman, Stephen Trent, Mehr Bedi, Abhijith, Aishwarya Jain, Pooja Desai Organizations: Southwest Airlines, U.S, Capitol, Reagan National Airport, REUTERS, United Airlines, Alaska Air Group, United, Cowen Transportation Conference, Alaska Air, Citi Research, Thomson Locations: Arlington , Virginia, U.S, Denver, Chicago, Southwest, Bengaluru
A Gen Xer moved to Orlando, Florida, after his lab in California went remote in 2020. For the first few years, remote work went smoothly. After bringing remote workers back to the office, some companies are "quiet firing" employees who either moved away from the office or were hired for an initially remote position. At the same time, there appears to be a growing detachment between remote employees and their employers. I don't see a whole lot of negatives with remote work."
Persons: Xer, Stephen Taylor, Taylor inched, Taylor, couldn't, Ben Wigert, Wigert, doesn't Organizations: Service, Gallup Locations: Orlando , Florida, California, Wall, Silicon, Bay, Orlando, North Carolina
Antoine, 43, joined in 2006 as an executive vice president overseeing Ligne Roset’s North American division. Ligne Roset has long collaborated with emerging designers, and the pair considers putting money into equipment to support new design an essential component for moving forward. “It is key for a manufacturer who wants to be at the forefront of design and development,” Antoine said. In collaboration with a California biotechnology company called MycoWorks, the cousins are developing a new type of vegan leather made from mushrooms. Other companies are experimenting with alternatives to hides, they noted, but Ligne Roset wants to be the first to have a sustainable vegan leather on permanent offer in their products.
Persons: Antoine, Olivier, Ligne Roset, ” Antoine, Michel Ducaroy Organizations: Ligne, North Locations: Briord, France, California, Togo
The scale of the drone war in Ukraine is one of the most striking features of the conflict. "ISIS figured out how to arm their drones and attack us either with 'kamikaze' explosive-laden drones or drones that dropped" modified munitions, Townsend said. Soldiers with the 5th Battalion, 4th Air Defense Artillery Regiment train on an Avenger air-defense system in in July. In 2018, the Army reactivated the 5th Battalion, 4th Air Defense Artillery Regiment, returning a short-range-air-defense capability to Europe. AdvertisementAdvertisement"The war is showing how much [drones are] here and are affecting the war every day.
Persons: Ukraine isn't, Mara Karlin, wasn't, Karlin, that's, John Moore, Stephen Townsend, Townsend, Frank McKenzie, MAHMOUD TAHA, I've, Syria —, Richard Clarke, Clarke, Tom Karako, " McKenzie, McKenzie, Maj, Sean Gainey, Gainey, FADEL SENNA, Douglas Bush, Bush, they've, Col, Michael Parent, Narciso Contreras, Parent Organizations: Pentagon, Service, Defense Writers, US Marine, US Army, US Africa Command, ISIS, Getty, Army, US Special, Command, Aspen Security Conference, Missile Defense, Center for Strategic, International Studies, Patriot, , US Air Force, Congressional Research Service, 5th Battalion, 4th Air Defense Artillery Regiment, Spc, Yesenia, Asymmetric Warfare Group, Battalion, Stryker, Washington DC, Marine Corps, US Army Yuma, US, Anadolu Agency, Pacific . The Defense Department Locations: Ukraine, Wall, Silicon, Armenia, Azerbaijan, Afghanistan, Iraq, Mosul, Syria, Homs, Europe, Washington, Russian, Kyiv, Russia, Lviv Oblast, China, Pacific
Blackstone's data center gamble
  + stars: | 2023-08-28 | by ( Daniel Geiger | Rebecca Ungarino | ) www.businessinsider.com   time to read: +12 min
The firm has recently touted its data center investments amid the artificial intelligence boom. Blackstone's push into data centers comes with its own set of challenges and questions. "You might not own apartment buildings in 10 years, but the largest data center company in the world." Meghji said in the company's video that interest from data center users in QTS data centers had doubled "since ChatGPT came out." Gerber said he had recently discussed data center investments with Blackstone representatives and has confidence in the strategy.
Persons: Blackstone, , Glenn Schorr, Schorr, outflows, Stephen Tuckwood, Tuckwood, Jonathan Gray, Gray, Jeenah, Chad Williams, BREIT, they're, Patrick Davitt, QTS, Nadeem Meghji, Meghji, ChatGPT, Matthew Barakat, Prince William County, redemptions, Selwyn Gerber, Gerber, Matt Malone Organizations: Blackstone, Income Trust, QTS Realty Trust, Evercore, Wealth Management, Reuters, Autonomous Research, Blackstone Infrastructure Partners, McKinsey, AP, Starwood, MSCI's, Los, RVW, Opto Investments, FS Investments Locations: California, BREIT, QTS, Americas, CBRE, Manassas , Virginia, Prince William, Virginia, Brookfield, Los Angeles, Bellagio, Las Vegas
Emerson Electric is on the verge of a turnaround, according to JPMorgan. The multinational is headquartered in Missouri and provides engineering services. He also said fiscal 2024 estimates look conservative for Emerson, which provides engineering services for large-scale markets and consumers. Emerson Electric has ticked down 1% in 2023. EMR YTD mountain Emerson Electric stock.
Persons: Emerson, Stephen Tusa, Tusa, — CNBC's Michael Bloom Organizations: Emerson, JPMorgan, AspenTech, Emerson Electric Locations: Missouri
Macy's said it expects adjusted earnings per share between $2.70 and $3.20, adding it sees comparable store sales falling between 6% and 7.5%. The company reported earnings of $4.56 per share, versus the $4.49 expected by analysts surveyed by Refinitiv. AppLovin – The marketing stock rose 1.5% to a 52-week high following a Jefferies upgrade to buy from hold. Zoom Video – Shares of the video communications platform lost about 2% even after the company posted better-than-expected second-quarter results. Aramark — The food service stock rose about 2%.
Persons: Dick's, Macy's, Lowe's, Charles Schwab —, Charles Schwab, AppLovin, Jefferies, Stephen Tusa, Emerson, AspenTech, Fabrinet, Seamus Grady, Aramark, , Alex Harring, Yun Li, Hakyung Kim, Brian Evans, Michelle Fox, Sarah Min Organizations: Dick's, Goods, Revenue, Refinitiv . Revenue, Bloomberg, American Airlines –, American Airlines, Baidu, Microsoft, Activision, Activision PC, Jefferies, Emerson, JPMorgan, Garden, Bank of America, UBS Locations: Madison
But a recent copyright ruling likely won't have an impact on the studios' AI ambitions. The judge ruled AI couldn't be the sole author of an artistic work, but that's not what studios want. He was pushing the boundaries by seeing whether the court would grant copyright to an AI as the sole author of an artistic work. But that's not how Hollywood studios are using AI and it's not what they're planning. But frankly, the tech just isn't good enough yet for AI to be the sole author of a work.
Persons: couldn't, shouldn't, Stephen Thaler, Beryl Howell, Howell, Thaler, Organizations: Hollywood, US, Thaler, Machine
An AI (Artificial Intelligence) sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. Only works with human authors can receive copyrights, U.S. District Judge Beryl Howell said on Friday, affirming the U.S. The Copyright Office did not immediately respond to a request for comment on Monday. The Copyright Office has also rejected an artist's bid for copyrights on images generated through the AI system Midjourney, despite the artist's argument that the system was part of their creative process. Howell agreed with the Copyright Office and said human authorship is a "bedrock requirement of copyright" based on "centuries of settled understanding."
Persons: Aly, Beryl Howell, Stephen Thaler, Thaler, DABUS, Ryan Abbott, Howell, Blake Brittain, Alexia Garamfalvi, Conor Humphries Organizations: Artificial Intelligence, REUTERS, United, Washington , D.C, District, Autonomous, Copyright, Thomson Locations: Shanghai, China, United States, U.S, Washington ,, United Kingdom, South Africa, Australia, Saudi Arabia, Washington
The Y Combinator-backed Seabound believes its on board carbon-capture tech can play a key role. Fredriksson is the cofounder and CEO of Seabound, a climate-tech startup that aims to lower the greenhouse-gas emissions produced by the shipping industry. Seabound, backed by the famed accelerator Y Combinator, has built a carbon-capture machine that can be retrofitted onto ships. Having tested it on land, Seabound is now using a commercial container ship as its lab in a pilot project with the London-based shipping company Lomar Shipping. Fredriksson added that Seabound's reaction was exothermic, meaning it needed an injection of heat to get started but then was self-sustaining.
Persons: Seabound, Alisha Fredriksson didn't, Fredriksson, It's, Stephen Turnock, Ed Phillips, Alisha Fredriksson, Wen, Turnock, Alisha Fredriksson Decarbonization, we're, We're, Capital's Phillips, Leapfrogging Organizations: Shipping, Maritime Organization, Service, University College London, University Maritime Advisory Services, Southampton University, International Maritime, Planet Capital, Lomar Shipping, Ships Locations: Wall, Silicon, London, Yalova, Turkey
Plaintiff Stephen Thaler sued the US Copyright Office to try and have his AI system listed as the creator of an artwork. But a federal judge ruled against him, because "human authorship is a bedrock requirement of copyright." A federal judge ruled that a piece of art generated by AI can't be copyrighted, a decision that could have consequences for Hollywood studios. In Friday's ruling, US District Judge Beryl Howell upheld the Copyright Office's decision to reject Thaler's copyright application. But if studios can't gain copyright protections over any work produced by AI, that could temper such ambitions.
Persons: Stephen Thaler, Thaler, Beryl Howell, Howell, David Slater Organizations: US, Office, Hollywood, The Hollywood Locations: Hollywood
You'll want to know how to watch the UFC 291 live stream tonight, July 29. We'll also guide you step-by-step on how to use a VPN to watch UFC 291, no matter where you are. If you're not in the US, you still have a few options to watch UFC 291. In Canada, UFC 291 will be available as a pay-per-view through most TV providers and directly via UFC Fight Pass. UFC 291 Fight Card: Poirier vs. Gaethje 2Main Card — 10 p.m.
Persons: Dustin Poirier, Justin Gaethje, Poirier, Gaethje, Jan Blachowicz, Alex Pereira, We'll, CEST, McGregor, ExpressVPN, Stephen Thompson, Michel Pereira, Tony Ferguson, Bobby Green, Michael Chiesa, Kevin Holland, Gabriel Bonfim, Trevin Giles, Derrick Lewis, Marcos Rogerio De Lima, Claudio Ribeiro, Jake Matthews, Darrius, CJ Vergara, Vinicius Salvador, Matthew Semelsberger, Uros Medic, Miranda Maverick, Priscila Organizations: UFC, Delta Center, ESPN, ABC, TNT Sports, Amazon, Apple, PlayStation, Samsung, BT, BT Sport, You'll, LG, AEST Locations: Salt Lake City , Utah, Canada, Australia, New Zealand, Germany, Italy, Spain, Poland, Switzerland, Asia, Africa, Brazil
[1/2] An Alaska Airlines Boeing 737-900ER airplane prepares to land at Vancouver's international airport in Richmond, British Columbia, Canada, February 5, 2019. REUTERS/Ben Nelms/File PhotoJuly 25 (Reuters) - U.S. airlines stocks tumbled on Tuesday as investors were spooked by downbeat forecasts from Alaska Air Group (ALK.N) and a warning on jet engines by aerospace giant RTX (RTX.N). Alaska's shares plunged 11.2% in morning trade, dragging United Airlines (UAL.O), American Airlines (AAL.O), Southwest Airlines (LUV.N) and Delta Air (DAL.N) down between 2.5% and 5%. Jetblue's shares fell about 5%, while those of ultra-low-cost carrier Spirit Airlines declined about 3%. Paris-listed shares of Airbus (AIR.PA) fell 2%.
Persons: Ben Nelms, Stephen Trent, Whitney, Art Hogan, You've, Shivansh, Johann M Cherian, Tim Hepher Organizations: Alaska Airlines Boeing, REUTERS, Alaska Air Group, Investors, Citi, United Airlines, American Airlines, Southwest Airlines, Delta Air, Raytheon, Pratt, Airbus, Riley Wealth, Spirit Airlines, Jetblue Airways, Thomson Locations: Richmond , British Columbia, Canada, Alaska, Boston, Paris, Bengaluru
J. Robert Oppenheimer watched the first atom bomb explode and thought, "Now I am become Death." That's right," Alan Robock, a climatologist and leading expert on nuclear winter, told Insider. The mushroom cloud of the Trinity nuclear test rises over the New Mexico desert. It was the first atom bomb explosion, ever. Similarly, the new film grapples with the question of how much Oppenheimer was (or wasn't) responsible for how the US used the atom bomb, and for the people it killed.
Persons: Robert Oppenheimer, Oppenheimer, Vishnu, , Alan Robock, Christopher Nolan's, Prince, Kenneth Bainbridge, Rev, Stephen Thompson, Gita, Leslie Groves, J, Arjuna, Lord Krishna, Krishna, Thompson Organizations: NBC, Service, Manhattan, Trinity, National Security Research, Trinity Test, Wired Locations: Wall, Silicon, New Mexico, Hiroshima, Nagasaki
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