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☆ Apple dominated Wall Street's buyback business even before its latest $110 billion
▼ + stars: | 2024-05-03 | by ( Bob Pisani | ) www.cnbc.com time to read: +1 min

Apple's $110 billion stock buyback announcement Thursday is large, but the iPhone maker already dominated the league table of companies making the largest stock buybacks in the S & P 500, measured in dollar terms. In the last 12 months, Apple has bought back $84.5 billion in stock, far beyond anyone else in the S & P 500. Share count has gone from 26.2 billion in 2013 to 15.3 billion today, a reduction of 41%. Largest quarterly buybacks in history Apple (Q4 2020) $27.6 billion Apple (Q2 2021) $25.6 b Apple (Q3 2022) $24.7 b Apple (Q2 2022) $24.5 b Apple (Q1 2019) $23.8 b Source: S & PDowJonesIndices Buybacks are the preferred mode of returning cash In recent years buybacks have become the preferred method of returning cash to shareholders. $925 billion 2023 $815 b 2022 $950 b 2021 $919 b 2020 $538 b 2019 $749 b Source: Goldman Sachs

Persons: Goldman Sachs Organizations: Apple, Microsoft, Exxon Mobil, Chevron, Mobile, Comcast, Petroleum Locations: America

☆ Here are Friday's biggest analyst calls: Apple, Target, Coinbase, Berkshire Hathaway, Estee Lauder & more
▼ + stars: | 2024-05-03 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

JPMorgan upgrades Williams-Sonoma to neutral from underweight JPMorgan said in its upgrade of the stock that the home furnishings category is stabilizing. "We are downgrading shares of EXPE to Mkt Perform from OP with a target price of $145 vs. $165 previously." JPMorgan upgrades Joby to neutral from underweight JPMorgan said its bear thesis has largely played out for the aviation company. Guggenheim reiterates Target as buy Guggenheim said investors should buy the dip in shares of Target . Morgan Stanley downgrades Estee Lauder to equal weight from overweight Morgan Stanley said it sees a slower recovery for shares of Estee Lauder .

Persons: Stifel, Wells, Truist, OLLI, Guggenheim, Tim Cook, William Blair, Amgen, Jefferies, We've, Ari sta, it's, Morgan Stanley downgrades Estee Lauder, Morgan Stanley, Estee Lauder, TD Cowen, Parsons, Bernstein, Oppenheimer, CFRA, Berkshire Hathaway Organizations: RBC, FTAI Aviation, Pacific, Union Pacific, JPMorgan, Williams, WSM, BMO, Bank of America, Apple, Kiniksa Pharmaceuticals, JOBY, Guggenheim, Target, Citi, MCW, Arista, PSN, Avidity, ~$ Locations: Sonoma, EXPE, GEICO

☆ 'Tough near-term setup': Here's what Wall Street expects from Apple's 2nd-quarter earnings
▼ + stars: | 2024-05-01 | by ( Matthew Fox | ) www.businessinsider.com time to read: +6 min

Investors are focused on Apple's iPhone sales in China as competition ramps up. Here's what Wall Street expects from Apple's upcoming earnings report. Here are the quarterly figures Wall Street expects, according to data from Bloomberg. Here's what Wall Street analysts are saying about Apple's upcoming earnings report. The firm said Wall Street estimates on Apple are too high, with analysts underestimating the ongoing weakness in China.

Persons: —, Wells, Wells Fargo, shouldn't, Goldman Sachs, underwhelming Organizations: Apple, Investors, Service, Bloomberg, Revenue, Huawei, Barclays, Better, JPMorgan Locations: China, Wells Fargo, Wells, C1Q, Apple's

☆ Aya Nakamura: The most streamed female Francophone artist has become a target in France’s culture wars ahead of Paris 2024
▼ + stars: | 2024-04-26 | by ( Bea Adeleke | ) edition.cnn.com time to read: +11 min

CNN —Aya Nakamura was born in the former French colony of Mali, raised in France and is widely considered the most streamed female Francophone artist in the world. However, ahead of Paris 2024, Nakamura finds herself at the center of France’s culture wars. Aya Nakamura attends the Kenzo Menswear Fall-Winter 2023-2024 show as part of Paris Fashion Week on January 20, 2023 in Paris, France. “I think that the people who criticize her actually don’t accept that she embodies France,” French activist Rokhaya Diallo told CNN. Politicians such as Le Pen hailed the legislation as an “ideological victory” whilst French health Minister, Aurelien Rousseau resigned in protest.

Persons: Aya Nakamura, Nakamura, Edith Piaf, Piaf, “, ”, I’m, Rachida, Kenzo, Pascal Le Segretain, Marion Maréchal, Marine Le, Rokhaya Diallo, ” Nakamura, ’, le, Geoffroy Van Der, Emanuel Macron, Nakamura “, Le Pen, Vincent Martigny, Thomas Samson, Marion Marechal, Emmanuel Dunand, Martigny, Diallo, Zinedine Zidane, ” Diallo, ‘, Oliver Roy, Reynaud Julien, Macron, Aurelien Rousseau Organizations: CNN, France’s, of Culture, Rally, Blacks, Rassemblement National, Getty, Olympic Aquatics, France Inter, Science, University of Nice, National Assembly, soccer team, Paris Olympic, Le, Palais des Sports, EUI, of Transnational Governance, Twitter, APS, France, BMFTV, RMC Locations: Mali, France, French, Paris, Bamako, Europe, ”, Geoffroy Van Der Hasselt, AFP, Rassemblement, Ukraine, North, Carhaix

☆ Here are Thursday's biggest analyst calls: Nvidia, Meta, Tesla, Apple, CyberArk, Grindr, Estee Lauder & more
▼ + stars: | 2024-03-28 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Thursday's biggest calls on Wall Street: Wells Fargo reiterates Bank of America as overweight Wells Fargo raised its price target on Bank of America to $44 per share from $40. HSBC downgrades Bank of America to hold from buy HSBC downgraded Bank of America mainly on valuation. Benchmark reiterates Nvidia as buy Benchmark said it's standing by its buy rating on Nvidia. Bank of America reiterates Amazon as buy Bank of America said it's bullish on Amazon's investments in AI. "We are initiating coverage on CYBR with a Buy rating and a $317 PT."

Persons: Wells Fargo, Bernstein, it's, Goldman Sachs, Tesla, Goldman, Piper Sandler, Piper, Clark, Kimberly, Claude, Estee Lauder, BTIG, TD Cowen, Cowen, Grindr, William Blair, Bentley, Morgan Stanley, JPMorgan, KeyBanc, Oppenheimer, Monness Crespi Hardt downgrades Palantir, Palantir Organizations: Bank of America, FDIC, Apple, HSBC downgrades Bank of America, HSBC, of America, PNC, Tesla, EV, Kimberly, Nvidia, Amazon, Bentley Systems, Allstate, JPMorgan, Major Pharma, Citi, Boeing, Barclays, Meta, SNAP Locations: mkts, DraftKings

☆ Sign up now: how human-AI collaboration could innovate businesses' workflow
▼ + stars: | 2024-03-26 | by ( Leila Jordan | ) www.businessinsider.com time to read: +2 min

Business Insider's upcoming free virtual event "Human-AI Collaboration: The Key to Workplace Efficiency and Innovation" will be on April 23 at 12 p.m. EST. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Business Insider's upcoming editorial virtual event, "Human-AI Collaboration: The Key to Workplace Efficiency and Innovation," presented by Dell Technologies, promises a deep dive into the strategies and insights shaping the future of work. They will be joined by moderator Tim Paradis, Business Insider's future-of-work correspondent. The indispensable role of skill education initiatives in empowering employees to leverage AI technologies effectively.

Persons: —, Matt Baker, Mozziyar Etemadi, Tim Paradis Organizations: Business, Efficiency, Service, Dell Technologies Locations: Northwestern

☆ President Biden wants higher taxes on Corporate America's stock buybacks
▼ + stars: | 2024-03-07 | by ( Bob Pisani | ) www.cnbc.com time to read: +5 min

President Biden wants to increase the taxes on those buybacks. Corporations prefer stock buybacks Corporate America has wide latitude on what it does with the cash flow it generates. Excess cash will typically fall into three buckets: buybacks, dividends and capital expenditures. Capital expenditures $597 b. "However, if economic growth momentum instead continues to build, investors may begin to increasingly reward companies that are investing for growth," Goldman said.

Persons: Biden, Goldman Sachs Jeffrey Yale Rubin, Goldman Sachs, Goldman, Tesla, Meta, Biden's, Howard Silverblatt, Silverblatt Organizations: America, buybacks, Birinyi, P Global Locations: buybacks, America

☆ Oil prices lower as senior Israeli official sees signs of progress on hostage deal
▼ + stars: | 2024-02-22 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Crude oil futures were slightly lower Thursday as a senior Israeli official sees initial signs of progress toward a deal to release hostages held in Gaza and as the market awaits for U.S. inventory data. The West Texas Texas Intermediate contract fell 47 cents, or 0.6%, to $77.44 a barrel. White House Middle East envoy Brett McGurk will meet with Prime Minister Benjamin Netanyahu Thursday to discuss efforts to free hostages held by Hamas. A temporary ceasefire in exchange for releasing hostages in Gaza would potentially reduce the risk of the conflict engulfing the Middle East and disrupting crude supplies. Futures are down less than 1% week to date, after crude rallied last week on escalating tensions in the Middle East.

Persons: Brent, Benny Gantz, Brett McGurk, Benjamin Netanyahu Organizations: West Texas Texas Intermediate, Hamas, U.S . Energy Information Agency Locations: Gaza, East

☆ Jon Stewart's reason for parting ways with Apple TV+ offers a glimpse into the fury he'll unload on 'The Daily Show'
▼ + stars: | 2024-02-12 | by ( Aaron Mok | ) www.businessinsider.com time to read: +1 min

Jon Stewart finally revealed why his Apple TV+ show "The Problem" got canceled. The host told CBS the streaming platform didn't want him to say things that might get him into "trouble." NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAmerican talk show host Jon Stewart has returned to "The Daily Show" after a nearly decadelong hiatus — a move that comes just months after Apple TV+ canceled his show "The Problem With Jon Stewart" last October. And I thought I was going to do it over at Apple TV+," Stewart told "CBS Mornings" during an interview on Monday morning.

Persons: Jon Stewart, —, Stewart Organizations: Apple, CBS, Service, Business

Microsoft Teams experienced an outage on Friday that blocked access for some and led to what Microsoft calls “multiple issues” for many users. Users complained of an inability to access the service, delays in sending and receiving messages, and issues displaying graphics. Teams is a messaging and videoconferencing app with over 320 million monthly average users as of September 2023. Political Cartoons View All 253 ImagesX users based in the U.S. continued to complain about Teams service issues, with several sarcastically thanking Microsoft for fixing the problem quickly in regions where the workday is already over. According to DownDetector, reported issues with Teams continued to decline and were close to normal levels as of 7:45 p.m. EST.

Persons: DownDetector Organizations: Microsoft, WE Communications, The Associated Press Locations: Europe, Africa, North, South America, U.S

They’ll be livestreamed on Oscars.com, Oscars.org and the academy’s social media platforms, and carried live on ABC’s “Good Morning America.”Christopher Nolan’s three-hour opus “Oppenheimer” comes in the favorite for best picture, best director and a host of other awards. Though Nolan is regarded as the big-budget auteur of his era, he's never won an Academy Award, nor have any of his films won best picture. Also in the mix: Carey Mulligan ("Maestro"), Sandra Hüller ("Anatomy of a Fall"), Margot Robbie ("Barbie") and Annette Bening ("Nyad"). There, Downey Jr. and Gosling are likely to face off, while other nominees might pull from Robert De Niro ("Killers of the Flower Moon"), Willem Dafoe ("Poor Things"), Mark Ruffalo ("Poor Things") and Charles Melton ("May December"). Two releases from streaming companies — Apple’s “Killers of the Flower Moon” and Netflix’s “Maestro” — are in the best-picture mix.

Persons: — It’s Oscar, they’re, Samuel, Zazie Beetz, Jack Quaid, They’ll, ” Christopher Nolan’s, Oppenheimer ”, Cillian Murphy, Robert Downey Jr, Emily Blunt, Nolan, he's, “ Oppenheimer, “ Barbie, Greta Gerwig’s, Ryan Gosling, Margot Robbie, “ I’m, Ken, ”, Gerwig, Noah Baumbach, ” “ Barbie, ” “ Maestro, Murphy, Paul Giamatti, Jeffrey Wright, Bradley Cooper, Maestro ”, Leonardo DiCaprio, Colman Domingo, “ Rustin ”, Andrew Scott, Lily Gladstone, Martin Scorsese’s, Emma Stone, Carey Mulligan, Maestro, Sandra Hüller, Annette Bening, Joy Randolph, Holdovers ”, Blunt, Danielle Brooks, Jodie Foster, Julianne Moore, Penélope Cruz, Downey Jr, Gosling, Robert De Niro, Willem Dafoe, Mark Ruffalo, Charles Melton, Netflix’s, ” —, “ Barbie ”, Jimmy Kimmel Organizations: Academy, Samuel Goldwyn Theater, America, ABC Locations: Beverly Hills , California

☆ Top analyst Mike Mayo turns bullish on Citigroup with Warren Buffett as an influential investor
▼ + stars: | 2024-01-22 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Widely followed bank analyst Mike Mayo named Citigroup his top pick, saying he realized the embattled bank is under the influence of none other than Warren Buffett. "Until now, it was unclear to us and many investors whether this Citi stake was really a 'Warren Buffett investment' vs. somebody else at his firm. Earlier this month, Citigroup cut 10% of its workforce in a bid to boost the bank's results and stock price. C 1Y mountain Citigroup Mayo said Buffett seems to support his belief that Citigroup's overhaul could make a significant difference this time around. "Warren Buffett supports the CEO's restructuring.

Persons: Mike Mayo, Warren Buffett, Wells Fargo's Mayo, Buffett, Berkshire Hathaway, Jane Fraser, Omaha hasn't, Mayo, Goldman Sachs, Brian Moynihan, Fraser, couldn't, Citigroup Mayo Organizations: Citigroup, Reuters, Berkshire, Citi, U.S . Bancorp, JPMorgan, Bank of America, Apple, CNBC, U.S Locations: Omaha, Mayo, Berkshire, Wells Fargo, Bank

The Iowa caucuses, which are the opening contest in the months-long Republican presidential primary process, begin at 8 p.m. EST. Trump's political strength heading into the Iowa caucuses, which come 426 days after he launched his 2024 campaign, tells a remarkable story of a Republican Party unwilling or unable to move on from him. On the eve of the caucuses, Trump predicted he would set a modern-day record for an Iowa Republican caucus with a margin-of-victory exceeding the nearly 13 percentage points that Bob Dole earned in 1988. Last month, some presidential campaigns were expecting close to 200,000 Republican voters to participate in the caucus. Associated Press writers Jill Colvin in Des Moines, Iowa, and Adriana Gomez Licon in Council Bluffs, Iowa, contributed to this report.

Persons: Donald Trump, ”, Hans Rudin, Trump, Haley, DeSantis, Vivek Ramaswamy, Asa Hutchinson, Chris Christie, Joe Biden, Adolf Hitler, “ Trump, Kathy DeAngelo, “, Bob Dole, Iowans, Martin Luther King Day, Nikki, Jake Hutzell, hasn’t, There’s, ___, Beaumont, Jill Colvin, Adriana Gomez Licon Organizations: DES, Republican, DeSantis, Arkansas Gov, New, New Jersey Gov, Democratic, Republican Party, Biden, U.S . Capitol, U.S, ” Republican, Trump, Des Moines Register, NBC, South, Iowa Republican, National Weather Service, GOP, ___ Peoples, Associated Press Locations: DES MOINES, Iowa, Bluffs , Iowa, New Jersey, New Hampshire , Nevada, South Carolina, Florida, America, Des Moines, Ames, Dubuque, Washington, Indianola , Iowa, Ames , Iowa, Des Moines , Iowa

CNBC is now accepting nominations for the 2024 Disruptor 50 list — our annual look at the most innovative venture-backed companies using breakthrough technology to meet increasing economic and consumer challenges. A notable past Disruptor 50 company that made it to the public market this year, Instacart , has failed to maintain its IPO pricing. Business failures, too, have occurred for formerly high-flying, high-profile backed Disruptor 50 companies, including Convoy and WeWork. This is especially true of companies involved in the booming AI hype cycle sparked by 2023's top Disruptor 50 company, OpenAI, just over a year ago. 2024 honorees will be notified in April, and the list will be released in May across CNBC's TV and digital platforms.

Persons: Jan Organizations: CNBC, U.S, Convoy, CNBC's

☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Amazon, GM, Uber, Carvana, Nike, Palo Alto & more
▼ + stars: | 2023-12-04 | by ( Michael Bloom | ) www.cnbc.com time to read: +10 min

Wells Fargo downgrades Lululemon to equal weight from overweight Wells said in its downgrade of the stock that it sees less balanced risk/reward. Morgan Stanley downgrades Sea Limited to equal weight from overweight Morgan Stanley downgraded the Singapore-based tech conglomerate until its business outlook is clearer. Morgan Stanley upgrades Insulet to overweight from equal weight Morgan Stanley initiated the insulin pump therapy company and said it sees room for further gains. Wells Fargo reiterates Nike as overweight Wells says Nike is a top defensive pick for 2024. Morgan Stanley reiterates Palo Alto as overweight Morgan Stanley said Palo Alto shares have the poten tial to rise further.

Persons: Morgan Stanley, Mizuho, Wells, LULU, Roth, Evercore, Piper Sandler, Piper, NVDA, Goldman Sachs, Goldman, it's bullish, KeyBanc, Worthington Enterprises –, TD Cowen, Coinbase, underperform TD Cowen, Oppenheimer, Uber, Truist, Herc, Palo Organizations: West Bancorp, Bank of America, Union Pacific, US Bancorp, Motors, Mizuho, GM, UAW, UBS, Apple, Deutsche Bank downgrades Anheuser Busch InBev, Deutsche, Deutsche Bank, Airlines, Alaska, " Bank of America, Google, Walmart, Nvidia, AMD, European Partners, Coke, JPMorgan, of America, Magellan, MMP, Arrowhead Pharmaceuticals, Arrowhead Pharma, Worthington Steel, Worthington Industries, Worthington Enterprises, Barclays, Resources, Herc Holdings, United Rentals, Nike, Palo Alto, Palo Locations: China, Singapore, Indonesia

It's a high-risk gambit for the Florida governor, Republican strategists said. They insist Newsom could be a presidential contender as early as next year, though the governor has pledged to stand behind Biden's bid. "Ron DeSantis looks forward to sharing the stark contrast between his vision to revive our nation and Newsom's blueprint for failure," DeSantis campaign manager James Uthmeier said in an email. Nathan Click, a Newsom adviser, said his team was "shocked" when DeSantis agreed to the California governor's proposal to debate. The Trump campaign did not comment on the debate.

Persons: Ron DeSantis, Gavin Newsom, Joe Biden, Newsom, Biden, DeSantis, Donald Trump, he's, Charlie Gerow, Sean Hannity, James Uthmeier, Nathan Click, Trump, Nikki Haley, John Feehery, Tim Reid, Alexandra Ulmer, Colleen Jenkins, Jonathan Oatis Organizations: California's Democratic, Republican, White, Florida, Fox News, Republicans, Trump, Thomson Locations: Iowa, Georgia, Alabama, California, New Hampshire

☆ President Jimmy Carter wore a blanket with his late wife Rosalynn Carter on it to her memorial service
▼ + stars: | 2023-11-28 | by ( Samantha Grindell | Talia Lakritz | ) www.businessinsider.com time to read: +3 min

The late Rosalynn Carter was honored at a memorial service in Atlanta, Georgia, on Tuesday. President Jimmy Carter, 99, attended the event that paid tribute to the former first lady. AdvertisementFormer president Jimmy Carter kept an image of his wife Rosalynn Carter close at her funeral on Tuesday. US President Jimmy Carter and First Lady Rosalynn Carter dance at a White House Congressional Ball in 1978. The former president slept at The Carter Center the night before the memorial service, according to the Associated Press.

Persons: Rosalynn Carter, Jimmy Carter, Jimmy, —, Rosalynn, Glenn, Joe Biden, Kamala Harris, Second, Doug Emhoff, Bill Clinton, Lady Rosalynn Carter, Paige Smith, Carter Organizations: Service, Glenn Memorial Church, People, The Carter, White, Congressional, Naval Academy, Business, Carter, Associated Press Locations: Atlanta , Georgia, , Georgia, Est, Georgia

☆ The mayor of Paris is making a loud exit from X, calling the platform a 'gigantic global sewer'
▼ + stars: | 2023-11-28 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

Paris Mayor Anne Hidalgo says she's leaving X after 14 years on the platform. AdvertisementParis Mayor Anne Hidalgo says she's leaving X after more than 14 years on the platform, formerly known as Twitter. "This platform and its owner intentionally exacerbates tensions and conflicts," she wrote in French, adding that the platform has "become a gigantic global sewer." "To remain true to my convictions and my commitment, I am leaving Twitter today," Hidalgo wrote on Monday. AdvertisementAn early proponent of Twitter, Hidalgo joined the platform in 2009 when she was the deputy mayor of Paris.

Persons: Paris Mayor Anne Hidalgo, she's, Elon Musk, —, Anne Hidalgo, Hidalgo, cacmq4 — Anne Hidalgo, Ross Gerber, Dustin Moskovitz Organizations: Paris Mayor, Elon, Service, Twitter, de, Instagram, Facebook, Apple, IBM, Disney, The New York Times, Business Insider Locations: Paris, de Paris, @Anne_Hidalgo

It follows the successful transatlantic crossing by a Gulfstream G600 business jet using the same fuel last week. SAF is key toward reducing those emissions, but it is costly and accounts for less than 0.1% of total global jet fuel in use today. The fuel used to power Tuesday's flight is mostly made from used cooking oil and waste animal fat mixed with a small amount of synthetic aromatic kerosene made from waste corn, Virgin Atlantic said. Yet the 2030 target looks challenging given SAF's small volumes and its high cost, right now about three to five times as much as regular jet fuel. Virgin said the engines on the flight would be drained of SAF and tested before it returns to service using regular fuel.

Persons: Virgin, Richard Branson, Shai Weiss, Mark Harper, John F, Magdalena Heuwieser, Sarah Young, Joanna Plucinska, Tomasz Janowski Organizations: Virgin Atlantic, Virgin Boeing, Royce, Trent, Gulfstream G600, London Heathrow, Kennedy International Airport, Virgin, SAF, Boeing, BP, Aviation, British Airways, Air France, Union, Thomson Locations: London, New York, Dubai

☆ Stephen Colbert cancels ‘Late Show’ episodes after suffering ruptured appendix
▼ + stars: | 2023-11-27 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +1 min

CNN —Stephen Colbert is calling in sick this week from his “Late Show” hosting duties. Colbert announced on Threads Monday that he has to cancel this week’s previously scheduled new episodes of “The Late Show with Stephen Colbert” as he recovers from surgery. “Sorry to say that I have to cancel our shows this week. Gravy boat capsize?” Actually, I’m recovering from surgery for a ruptured appendix,” he wrote. The “Late Show” airs Monday through Friday at 11:35 p.m. EST on CBS, and streams on Paramount+.

Persons: Stephen Colbert, Colbert, Stephen Colbert ”, ”, he’s, Evie McGee, “, Jennifer Garner, Baz Luhrmann, Patrick Stewart, Kelsey Grammer, Barbara Streisand, Jon Batiste Organizations: CNN, CBS, Paramount Locations: Turkey

The big-box retailer's stock has lost a quarter of its value in a turbulent year marked by elevated inflation. Shoppers have focused on food and essentials purchases while spending less on home goods, electronics, toys and apparel. Target sales declined by an average 7% in August and September alongside declines in transaction count and value, TD Cowen said in a note ahead of its earnings. On Wednesday, Target forecast adjusted earnings to land between $1.90 and $2.60 per share in the fourth quarter. It also expects holiday-quarter comparable sales to decline in the mid-single-digit percentage range, compared with expectations of a 3.97% drop.

Persons: Brian Cornell, Cornell, TD Cowen, Kendra Scott, Lucy Nicholson, Brian Mulberry, Price, Dave Wagner, Siddharth Cavale, Ananya Mariam Rajesh, Matthew Lewis, Chizu Nomiyama, Nick Zieminski Organizations: Target, Shoppers, Schwarz, Azusa , California U.S, REUTERS, Zacks Investment Management, Walmart, Consumer, Retail's, . Commerce Department, Aptus Capital Advisors, Thomson Locations: Azusa , California, New York, San Francisco, Seattle, Portland , Oregon, Bengaluru

Target, like other U.S. retailers, has been struggling with slowing sales as consumers show more caution in the face of steep inflation. This profit performance benefited from ... efficiency and disciplined inventory management," Target CEO Brian Cornell said in a statement. In August, the retailer cut its full-year sales and profit expectations to reflect the impact of slowing consumer demand. Target said on Wednesday it expects holiday-quarter comparable sales to decline in the mid-single-digit percentage range, compared with expectations of a 3.97% drop. Target shares have lost 25.7% of their value this year, in contrast to rival Walmart's (WMT.N) 18.2% rise.

Persons: Lucy Nicholson, Brian Cornell, Cornell, Walmart's, Siddharth Cavale, Ananya Mariam Rajesh, Matthew Lewis Organizations: Azusa , California U.S, REUTERS, Walmart, Thomson Locations: Azusa , California, Minneapolis, New York, San Francisco, Seattle, Portland , Oregon, Bengaluru

☆ Fact Check: Video of Knesset members crying filmed after Hamas attack screening
▼ + stars: | 2023-11-10 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

A video of people crying in Israel’s parliament after viewing footage of Hamas’ Oct. 7 cross-border attack is being baselessly claimed online to be a reaction to military losses. However, the 24-second video, which shows people crying and consoling one another inside the Knesset, was taken following a private screening to lawmakers of raw footage from Hamas’ Oct. 7 attack, according to a Knesset spokesman. According to a report by The Times of Israel, footage was screened to more than 50 Knesset members on Nov. 1. It included uncensored call recordings, CCTV, bodycam footage, dashcams, social media content, and mobile phone videos by Hamas, Israeli victims, and first responders. The video shows Knesset members crying after watching uncensored footage of Hamas’ Oct. 7 attack.

Persons: baselessly, ”, Read Organizations: Hamas, IDF, Israel Defence Forces, The Times, Reuters, Thomson Locations: Gaza, Israel, WhatsApp

☆ Here’s what's worrying analysts going into Disney’s earnings report
▼ + stars: | 2023-11-08 | by ( Brian Evans | ) www.cnbc.com time to read: +4 min

Analysts are eyeing updates on Disney's direct-to-consumer business and ESPN ahead of fiscal fourth-quarter results Wednesday, as the company pivots further into streaming. The analyst has a buy rating on Disney stock with a $125 per share price target, down from $128. Here's what other analysts on Wall Street are saying ahead of Disney's results. MoffettNathanson - buy rating MoffettNathanson has a buy rating on Disney stock and a $115 per share price target. Wells Fargo - overweight rating Wells Fargo analyst Steven Cahall rates the stock overweight with a $110 per share price target.

Persons: Disney, Goldman Sachs, Brett Feldman, Jason Bazinet, Morgan Stanley, Ben Swinburne, Michael Nathanson, Nathanson, Wells, Steven Cahall, Cahall, Michael Bloom Organizations: ESPN, Disney, DIS, Hulu, Comcast, Citi, Press, Sports, CNBC

☆ How to Invest in Mutual Funds
▼ + stars: | 2023-10-11 | by ( Mallika Mitra | ) www.wsj.com time to read: +20 min

Mutual funds are relatively cheap and simple to invest in, thanks to the many trading apps and online brokerages available nowadays. To get started, read on for our 10-step guide on how to invest in mutual funds. Once you open an account, you can invest in a wide range of securities, like stocks, bonds and mutual funds. Buy mutual fund sharesNow that you’ve solidified your strategy and done your research, you are almost ready to buy mutual funds. How to buy mutual fund sharesSome mutual funds require an investment minimum, often between $500 and $3,000, but not all do.

Persons: Mallika Mitra, Tricia Rosen, ”, Rosen, “, Ameritrade, Roth, Roth IRAs, Uncle Sam, you’ve, Randy Bruns, it’s, Morningstar, Russell, hasn’t, Amy Arnott, John Bogle, Morningstar’s Arnott, pitfall Arnott, You’ll, you’ll, Don’t, Sam, haven’t Organizations: Mutual, Fidelity, Vanguard, Morningstar, SEC, Apple, Fidelity Investments Fidelity, Target, Walmart, Funds, Capital Group, Capital Group’s, The Securities, Exchange Commission, Social, Consumer, Morgan, Capital Locations: Andover, Mass, Naperville , Illinois, U.S

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