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☆ This regional bank stock can rally more than 20%, Piper Sandler says
▼ + stars: | 2023-08-25 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Investors should pick up shares of sold-off Western Alliance Bancorp , according to Piper Sandler. Analyst Matthew Clark initiated coverage of the bank stock at overweight with a $60 price target. Clark's price target signals shares could rally 21.9% over the next year. He said Western Alliance has focused on holistic and deep relationships. Western Alliance shares have fallen more than 17% this year.

Persons: Piper Sandler, Matthew Clark, Clark, Michael Bloom Organizations: Western Alliance Bancorp, Western, Western Alliance, WAL

☆ Uber Got a Bit Too Revved Up
▼ + stars: | 2023-08-02 | by ( Dan Gallagher | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

"Is there going to be a challenge to Royal Enfield? It sold fewer than 30,000 motorcycles - less than the number of bikes Royal Enfield sells each month. Triumph said it has received orders for over 14,000 Speed 400 bikes, exceeding its total India sales of the past decade. Still, the frenzy over the new models is reflected in the surge in Google searches about Harley-Davidson and Triumph in India. Improved financing options is also encouraging lower-income buyers to consider premium bikes, said HDFC Securities analyst Aniket Mhatre.

Persons: Davidson, Rishi Vora, brokerages, Harley, Kotak, Royal Enfield's, Eicher, Royal, Shubhabrata Marmar, Enfield, Varun Painter, MotoCorp, Sathish Rao, Aniket Mhatre, Priyanka Kochhar, Indranil Sarkar, Aby Jose Koilparambil, Nandan Mandayam, Saumya Singh, Navamya Ganesh Acharya, Varun, Dhanya Skariachan, Euan Rocha, Christopher Cushing Organizations: Reuters, Bajaj Auto Ltd, Handout, REUTERS, Royal Enfield, Securities, Harley, Royal, Eicher Motors, Reuters Graphics Reuters, ROYAL, Enfield, Mahindra, Mahindra's, TVS, Bajaj Auto, Bajaj, Triumph, HDFC Securities, Thomson Locations: REUTERS BENGALURU, India, Royal Enfield, Bengaluru

☆ Morning Bid: Dollar swoons in upbeat inflation vigil
▼ + stars: | 2023-07-12 | by ( ) www.reuters.com time to read: +4 min

A look at the day ahead in U.S. and global markets from Mike DolanWorld markets leaned positively into another critical U.S. inflation report later on Wednesday, seeding a dollar (.DXY) slide to two-month lows that's revved-up yen and sterling gains. And June's CPI readout should be a marker if the consensus forecast for almost a full percentage-point drop in the headline inflation rate to two year lows of just 3.1% is borne out. Still, encouraged by a screed of other positive disinflation signals this week, U.S. markets are relatively buoyant going into the release and still feel the end of the Fed rate rise campaign is nigh. UK bank stocks pushed higher on the rates view and a relatively clean bill of health from Wednesday's financial stability report from the BOE. The Reserve Bank of New Zealand paused its long-running rate rise campaign early on Tuesday.

Persons: Mike Dolan, BOE, Thomas Barkin, Raphael Bostic, Neel Kashkari, Loretta Mester, Joe Biden, Nick Macfie Organizations: Federal Reserve, Fed, yearend, Treasury, Bank of Japan, Bank of, recoiling, Reserve Bank of New Zealand, Bank of Canada, Japan's Nikkei, Microsoft, Activision, Richmond Federal, Atlanta Fed, Minneapolis Fed, Cleveland Fed, NATO, . Treasury, Reuters, Reuters Graphics, Thomson Locations: U.S, Asia, Shanghai, Hong Kong, British, Vilnius

☆ Medvedev revved up for deep run after F1 trip
▼ + stars: | 2023-07-07 | by ( Martyn Herman | ) www.reuters.com time to read: +2 min

LONDON, July 7 (Reuters) - Russian Daniil Medvedev said he revved himself up for Wimbledon by watching the Spanish Formula One Grand Prix in Barcelona after a disappointing early exit at the French Open. "I can either say next day I'm going to practise already full and try to prepare the next tournament, or I take some days off. In the often insular world of tennis, Medvedev said seeing another sporting perspective had been useful. Then I was like, okay, let's go back to practise, try to prepare well Wimbledon. Medvedev took a while to get up to speed in his first-round match against British wildcard Arthur Fery but was impressive in a 6-3 6-3 7-6(5) win over the dangerous Mannarino, completing the victory after bad light interrupted his charge on Thursday.

Persons: Russian Daniil Medvedev, revved, Thiago Seyboth Wild, Roland Garros, Frenchman Adrian Mannarino, Medvedev, let's, Arthur Fery, Martyn Herman, Ed Osmond Organizations: Wimbledon, Spanish, Brazilian, British, Thomson Locations: Russian, Barcelona, Paris, Monaco

Jefferies says it's "all revved up" on car rental company Hertz . The firm initiated coverage on Hertz with a buy rating and a $24 price target, implying shares jumping 30% from Monday's close. We see structural benefits from a maintenance and pricing perspective related to [a] higher mix of EVs," Moore said. In this blue sky scenario, we see the potential for another $1bn+ in EBITDA opportunity at 20-30+% margins," the analyst added. Hertz shares were up 1.4% Wednesday before the bell.

Persons: Jefferies, it's, Stephanie Moore, Moore, Hertz, — CNBC's Michael Bloom Organizations: Hertz, EV Locations: Monday's

Then, a deep dive into MrBeast and what his YouTube empire says about the future of the internet. Reddit came along and said, oh, we need to protect Reddit from the rise of these large language models. So I don’t think they’re totally out of the woods. But I don’t think people would say it was a golden age for how safe the platforms fell to use. But I want to challenge you on this, because I don’t necessarily think that it’s a bad thing if we have past peak trust and safety.

Persons: kevin roose, you’ve, casey newton, casey newton Yes, I’ve, there’s, kevin roose I’m, Kevin Roose, ” casey newton, Casey Newton, Casey, Reddit, casey newton Right, roose, Steve Huffman, you’re, Kevin, It’s, They’re, casey newton Well, they’ve, we’re, Huffman, “, Redditors, We’ve, Everyone’s, we’ve, I’m, let’s, Sam Walton, Max, kevin roose Hey, kevin roose Oh, kevin roose Max Read, MrBeast, it’s, Jimmy Donaldson, He’s, Willy Wonka, he’s, somethings, haven’t, kevin roose We’ll, We’ll, kevin roose She’s, she’s, kevin roose MrBeast, Jeremiah, jeremiah howard, Jeremiah Howard who’s, Jimmy, Burger, You’re, Stefan Molyneux, PewDiePie, Paul, Let’s, Raman, kevin roose It’s, MrBeast financials, doesn’t, Logan Paul, they’re, Vincent Miller, Jon Hamm’s, Matthew Weiner’s, kevin roose Max, Will, Max Read, ” kevin roose, casey newton Max, Robert F Kennedy, COVID, Kennedy, Instagram, Connor Roy, Marjorie Taylor Greene, Robert F Kennedy Jr, Elon, Donald Trump, We’re, Jim Jordan, kevin roose Totally, Alex Jones, casey newton Totally, Kate Kalanick, Trump, Tucker Carlson, aren’t, — casey newton, hasn’t, Rachel Cohn, Jen Poyante, Caitlin Love, Alyssa Moxley, Dan Powell, Elisheba Ittoop, Marion Lozano, Sofia Lanman, Rowan Niemisto, Paula Szuchman, Tam, Nell Gallogly, Kate LoPresi, Jeffrey Miranda Organizations: The New York Times, Twitter, YouTube, Lamborghini, Netflix, Walmart, News, Producers, Meta, Instagram, COVID, Democratic, Washington Post, Apple, Republicans, Facebook, 4chan, Republican Party, Trump, Fox News, Stanford, Davis Locations: Hawaii, Reddit, Greenville , North Carolina, hysterics, New Jersey, New York, Greenville, North Carolina, Central, United States, Bay, San Francisco, Stanford

☆ Right-wing media wages war on U.S. justice system after Trump’s historic federal indictment
▼ + stars: | 2023-06-09 | by ( Oliver Darcy | ) edition.cnn.com time to read: +3 min

Sign up for the daily digest chronicling the evolving media landscape here. The assault on the American justice system was swift and savage. On Fox, the historic legal action was portrayed as President Joe Biden weaponizing the Justice Department to target his political opponent. In effect, Fox News is once again platforming those who are leading vicious and irresponsible attacks on the country’s criminal justice system. Across the right-wing media ecosystem, the narrative that a sinister deep-state was unfairly targeting Trump to knock him out of the 2024 presidential contest was pervasive.

Persons: Donald Trump, Joe Biden weaponizing, “ BIDEN, INDICTS, ” Sean Hannity, Hannity, ”, Fox, Trump, HUNT, Breitbart, Rupert Murdoch Organizations: New York CNN, Fox News, MAGA, Fox, Justice Department, Trump, Voting Systems, U.S . Capitol Locations: New York, America, U.S

Guardia Civil/Handout via REUTERSMADRID, June 1 (Reuters) - Spanish police raided three clandestine tobacco factories early this year, seizing nearly 40 million euros ($44 million) worth of tobacco leaf and illicit cigarettes. This operation is one of dozens across the EU that regional policing and anti-fraud agencies say have driven seizures of illicit cigarettes to record levels. It may have been further accelerated by the war in Ukraine, which for years has been a production hub and transit route for illicit tobacco, OLAF added. TOBACCO INVESTIGATORSThe industry has responded by hiring investigators to research illicit operations and share intelligence with European authorities, executives at Japan Tobacco, BAT and Imperial Brands told Reuters. "A good many workers from Ukraine have been found in these illegal factories," Japan Tobacco's Byrne said about counterfeiting operations across the EU.

Persons: who'd, OLAF, Cyrille Olive, Philip Morris, Olive, Europol, Vincent Byrne, Byrne, Japan Tobacco's Winston, Alex McDonald, Ernesto Bianchi, McDonald, Japan Tobacco's Byrne, They're, they're, Richa Naidu, Emma Pinedo, Emilio Parodi, Matt Scuffham Organizations: Guardia Civil, REUTERS, Spanish, EU, BAT, Imperial Brands, Japan Tobacco, Philip Morris International, Reuters, Marlboro, America's Dunhill, Supplies, Investigators, Mobile, Thomson Locations: Seville, Spain, Guardia, REUTERS MADRID, Alfaro, Europe, Ukraine, British American, France, Netherlands, Portugal, Slovenia, Denmark, Czech Republic, Ireland, Japan, China, Asia, EU, Russia, Belarus, Roda de Ter, Barcelona, Spanish, Italy, Pomezia, Russian, Moldovan, London, Madrid, Milan

☆ First Drought, Then Flood. Can the West Learn to Live Between Extremes?
▼ + stars: | 2023-05-31 | by ( Brooke Jarvis | ) www.nytimes.com time to read: +5 min

Since New Year’s, storm after storm had pummeled the state, dropping epic quantities of water and snow. Houses and farms and dairies flooded, and people were using excavators to hastily build earthen dikes around their properties. In a valley where powerful interests had long jockeyed for access to water, the arguments were now about who would bear the flood. A froth of brown storm water started to spread toward the houses. Had someone intentionally cut the levee, jeopardizing Allensworth, not to mention someone else’s farm, to save his own?

Persons: Deanna Jackson, Gonzales, Ruben Guerrero, Floodwater, Jack Mitchell, Allensworth, ” Guerrero, ”, Kiara Rendon, Denise Kadara, Allen Allensworth, Kadara, Rendon Organizations: Cal Fire, Navy Locations: Year’s, Tulare, Allensworth, ”, California, farmworkers

☆ ChatGPT and Generative AI in Search: The Biggest Digital Ad Format Is Ripe for Revolution
▼ + stars: | 2023-05-18 | by ( Insider Intelligence | ) www.businessinsider.com time to read: +2 min

Microsoft and Google are racing to develop the best AI-assisted search experience, leaving advertisers on the precipice of major disruption in the largest and most mature digital advertising channel. Monetization of AI-assisted search answers isn't as straightforward as that of conventional search engine results pages. Despite the hype, consumers are dubious about AI-assisted search. But Ipsos found that only about a quarter (27%) trust search results generated by AI. Want to learn more about ChatGPT and Generative AI in Search?

☆ Stocks week ahead: SVB and Signature Bank execs are set to testify next week
▼ + stars: | 2023-05-14 | by ( Krystal Hur | ) edition.cnn.com time to read: +5 min

The US Senate Committee on Banking, Housing and Urban Affairs is holding three hearings this coming week centered around the collapses of Silicon Valley Bank and Signature Bank in March. ET : Greg Becker, former chief executive, Silicon Valley Bank; Scott Shay, former chairman and co-founder, Signature Bank and Eric Howell, former president, Signature Bank. ET : Mark Bialek, inspector general, Board of Governors of the Federal Reserve System and the Consumer Financial Protection Bureau; Paul Kupiec, senior fellow, American Enterprise Institute and more. Since then, the Federal Reserve and Federal Deposit Insurance Corporation have released reports detailing management missteps at SVB and Signature Bank, as well as federal regulators’ own mistakes in properly addressing red flags preceding the banks’ demises. A separate report from the Federal Reserve Bank of New York on Friday shows that American households are becoming increasingly frugal.

☆ Republicans want to push Manchin out of a reelection bid because they think he's the last Democrat who can win in deep red West Virginia: 'You can't say that it's impossible for him to win'
▼ + stars: | 2023-05-08 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

Republicans are looking to nudge Joe Manchin out of a Senate reelection bid in 2024. Still, Republican leaders aren't dismissing Manchin, as he has withstood the GOP lean of the state. And the state Senate and state House of Delegates, which had robust Democratic majorities just over a decade ago, now have GOP supermajorities. But if Manchin does run, Republicans should expect a tenacious campaigner who has shown that he won't be outworked. "He has that Clinton-esque ability to make everybody feel like he's your friend and he's listening to you and he's concerned about you," Hickey told Politico.

☆ Key Fed meeting and jobs data are ahead
▼ + stars: | 2023-04-30 | by ( Krystal Hur | ) edition.cnn.com time to read: +5 min

In the spotlight are the Federal Reserve’s May meeting and the April jobs report. Federal Reserve Chairman Jerome Powell will likely face questions about credit conditions, in addition to the central bank’s inflation strategy. What’s at stake with the April jobs report: Economists expect the Bureau of Labor Statistics’ April jobs print to show slower employment growth last month and a rising unemployment rate. Wednesday: Federal Reserve interest rate decision, Chairman Jerome Powell’s press conference and April ADP private payroll report. Friday: April jobs report and March consumer credit.

☆ China March services activity accelerates on new orders - Caixin PMI
▼ + stars: | 2023-04-06 | by ( ) www.reuters.com time to read: +2 min

BEIJING, April 6 (Reuters) - China's services activity in March revved up at the quickest pace in 2-1/2 years on robust new orders and job creation and a consumption-led post-COVID recovery, a private-sector survey showed on Thursday. The upbeat figure echoed an official PMI released last week, which shot to the highest level in more than a decade. Thanks to improvements in customer demand, the rate of new orders was the sharpest since November 2020, the Caixin survey showed. Notably, new export orders in the services sector grew at the fastest pace on record. Caixin/S&P's composite PMI, which includes both manufacturing and services activity, rose to 54.5 in March from 54.2 a month prior, marking the quickest expansion since June.

The Roku Plus Series QLED 4K TV is the flagship model in Roku's first lineup of in-house TVs. Now the company is taking on those same partners by building its own in-house Roku TVs, including the new flagship Roku Plus Series QLED. As you might guess, Roku's Plus Series feels strikingly familiar inside and out. Roku 65-inch Plus Series 4K QLED TV Roku's new Plus Series is one of the company's first in-house smart TVs. The Roku Plus Series TV delivers solid performance, but it's not worth buying at full price.

☆ Wall St Week Ahead Resilient U.S. stocks failing to factor in recession, investors fear
▼ + stars: | 2023-03-31 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

NEW YORK, March 31 (Reuters) - U.S. stocks have soldiered on through a banking mess to notch solid first-quarter gains. Some investors say that performance could come under pressure if a widely expected recession hits. Wary investors say those gains leave stocks more vulnerable to an economic downturn, which may have been brought closer by tumult in the banking sector following this month’s collapse of Silicon Valley Bank. S&P 500 earnings for the first quarter are estimated to have fallen 5% from the prior year, followed by an expected 3.9% drop in the second quarter, Refinitiv data shows. Nathan Shetty, head of multi-asset at Nuveen, believes current valuations show investors have yet to price in a recession.

☆ Inside the demise of Vice, from turning away a $3.5 billion Disney offer to a 'painful' downward spiral that has the media giant scrambling for a buyer
▼ + stars: | 2023-03-21 | by ( Claire Atkinson | ) www.businessinsider.com time to read: +19 min

The talks fizzled, Disney backed off, and Smith set off for California to drum up other interest in Vice Media. Vice Media Group co-CEOs Bruce Dixon, left, and Hozefa Lokhandwala. Vice Media GroupOne former Vice insider familiar with the current situation told Insider that staffers were warning vendors they needed to threaten to stop work in order to get paid. Just a few months later, Rupert Murdoch tweeted, "Who's heard of Vice Media? Refinery29 quickly lost key staff and was not well integrated into Vice Media, the two former staffers said.

☆ South African township boys spin bikes to stay out of trouble
▼ + stars: | 2023-03-14 | by ( ) www.reuters.com time to read: +2 min

Ngwenya usually practises stunts with his friends in Kahlehong township, east of Johannesburg, where he is part of a club that encourages young boys to fix up old bikes and get into spinning so they stay away from crime and gang violence. This weekend, they were invited for the first time to "Revved up Sunday", a monthly event which is usually reserved for car spinning but has added a stunt bike exhibition for its younger participants. We don't only spin in our township anymore but we can now be seen by other people," said Ngwenya, who started spinning in 2016 after a friend introduced him to it. "What I love about spinning bikes is that when we are bored and not doing anything, we don't get into trouble but we spin," said Ngwenya. ($1 = 18.1923 rand)Reporting by Siyabonga Sishi; Writing by Nellie Peyton, editing by Ed OsmondOur Standards: The Thomson Reuters Trust Principles.

Former President Donald Trump appearing Saturday before the Conservative Political Action Conference in National Harbor, Md. Former President Donald Trump and Florida Gov. Ron DeSantis dug in this weekend for what is expected to be a bitter and personal race between the two for the 2024 GOP presidential nomination. Mr. Trump revved up supporters Saturday at the Conservative Political Action Conference outside Washington—an event Mr. DeSantis skipped—while the governor appeared before Republican groups in Texas and has a speech Sunday afternoon at the Ronald Reagan Presidential Library in California. The two will then descend on Iowa, which holds the first GOP nominating contest.

☆ Chinese EV stocks rise as Elon Musk says he sees Tesla's biggest rival coming from China after the company posts record results
▼ + stars: | 2023-01-26 | by ( Carla Mozée | ) www.businessinsider.com time to read: +2 min

Shares of Chinese EV makers rose Thursday after Tesla reported record quarterly profit. Tesla CEO Elon Musk said he believes his company's biggest rival could come out of China. Alongside a rally in Tesla shares, Nio stock gained 3.2%, Li Auto charged up 7%, XPeng advanced by 3.4%, and BYD gained 4.8%. Tesla shares climbed by more than 10% during Thursday's trading session to surpass $161 a share. Wedbush analyst Dan Ives raised his Tesla price target to $200 from $175 and said Tesla has a beatable vehicle-delivery target of 1.8 million in 2023.

Now, Chief Executive Elon Musk is using that superior profitability as a weapon in the EV price war he started. That emboldened automakers to push EV prices higher. Vietnamese EV startup Vinfast said Thursday it will use price promotions to fight back against Tesla. Chinese EV market leader BYD Co Ltd(002594.SZ) announced price increases effective Jan. 1 after Beijing phased out EV subsidies. However, BYD's gross margins of $5,456 per vehicle give it more headroom in a price war than VW, Toyota or GM.

☆ Swiatek quells Niemeier challenge in testing opener
▼ + stars: | 2023-01-16 | by ( Shrivathsa Sridhar | ) www.reuters.com time to read: +1 min

[1/3] Tennis - Australian Open - Melbourne Park, Melbourne, Australia - January 16, 2023 Germany's Jule Niemeier in action during her first round match against Poland's Iga Swiatek REUTERS/Carl RecineMELBOURNE, Jan 16 (Reuters) - Iga Swiatek took time to get going but found her way past Jule Niemeier, beating the German 6-4 7-5 in the opening round of the Australian Open on Monday for a slightly unconvincing start as the firm favourite for the year's first Grand Slam title. In a rematch of their U.S. Open fourth-round meeting where Swiatek battled from a set and break down to prevail, the Pole revved up her backhand to save two breakpoints before a nervy hold as Niemeier gave her little room to work the angles. But the top seed targeted world number 68 Niemeier's serve to grab the decisive break and with it the opening set, before surrendering serve early in the next only to hit back from 0-2 down to level at 5-5 and seal the victory. Swiatek, backed to stamp her authority on the women's game by winning the title vacated by the retired Ash Barty, continues her quest for a fourth major trophy when she meets Colombia's Camila Osorio in the second round. Reporting by Shrivathsa Sridhar in Melbourne Editing by Christian RadnedgeOur Standards: The Thomson Reuters Trust Principles.

☆ German hard coal importers able to replace Russian supply -industry body
▼ + stars: | 2023-01-13 | by ( ) www.reuters.com time to read: +2 min

"Traders have found new focal points: United States, South Africa and Colombia," industry association VDKi said in a statement. Between January and October 2022 Russia still accounted for a leading 34% of hard coal volumes imported by Germany, data presented by VDKi showed. That reflected Russia's role as a major supplier before the EU introduced a ban on Russian coal imports last August amid sanctions following Russia's invasion of Ukraine. Hard coal imports into Germany last year amounted to 43 million tonnes, 4.7% more than recorded in 2021, preliminary VDKi data also showed. Out of the total, 30 million tonnes were steam coal for electricity plants, up 11.7% year-on-year, and 11 million tonnes were coking coal for steelmaking, down 7.3%.

☆ Ronaldo breaks record as Portugal up and running with Ghana win
▼ + stars: | 2022-11-24 | by ( ) www.reuters.com time to read: +4 min

The bitter end to Ronaldo's second spell at Manchester United had dominated the build-up to the match in much the same way the forward seems to dominate the way Portugal play. Against Ghana, Ronaldo seemed to exert a planetary gravitational pull on the ball, with team mates seeking him out at every opportunity. Ronaldo closed his eyes as he waited to begin his run up, stuttered and smashed the ball into the net to the keeper's right. It is the 10th consecutive major tournament in which Ronaldo has found the net although Ghana coach Otto Addo was not in the mood to be charitable. There was to be no fairytale ending for the Ghanaians though and the night belonged to Ronaldo.

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