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Here are Wednesday's biggest calls on Wall Street: Morgan Stanley reiterates Microsoft as overweight Morgan Stanley raised its price target on the stock to $465 per share from $450 following earnings. Morgan Stanley reiterates Alphabet as overweight Morgan Stanley raised its price target on the stock to $165 per share from $150 and said it's standing by Alphabet shares after earnings on Tuesday. " Bank of America reiterates Meta as buy Bank of America said it's bullish heading into Meta earnings on Thursday. Bank of America reiterates Advanced Micro Devices as buy Bank of America said it's standing by its buy rating following earnings on Tuesday. Morgan Stanley downgrades Sofi to underweight from equal weight Morgan Stanley said in its downgrade of SoFI that it sees too many "near-term revenue headwinds."
Persons: Morgan Stanley, it's, Johnson, William Blair, Roth, Stryker, SYK, Morgan Stanley downgrades Sofi, Baird, Tesla, Elon Musk's, Elon, Wells Organizations: Bank of America, Meta, " Bank of America, Devices, AMD, Citi downgrades Deutsche Bank, Citi, Deutsche, Deutsche Bank, Palo Alto Networks, UPS, Argus, Canaccord, UBS, Informa Tech, UW, Barclays, Verizon, JPMorgan, Apple, GFL, Spotify Locations: GenAI, Georgia
Part motel, part new-age clinic, the facility offers nightly rentals in rooms that come equipped with “BioHealers” –- canisters that the company claims exude “life force energy,” or biophotons. “There are some forces driving that: obviously the internet and social media, and distrust of traditional medicine, traditional science. Given the primary importance of health, it’s hardly surprising that unproven medical claims and products that seem too-good-to-be-true have a long history in America. “ Distrust of government and distrust of major institutions makes people vulnerable,” said Stephen Barrett, a psychiatrist and expert in unproven medical claims who launched the organization Quackwatch in the 1970s to highlight medical scams. As a result, low-level hucksters or those peddling unproven treatments often don’t get as much attention.
Persons: BUTLER, exude, Tesla, Dr, James Liu, , Liu, Timothy Caulfield, Medbeds, Donald Trump, “ I’m, medbeds, ” Liu, it’s, John Brinkley, they’ve, Alex Jones, Trump, Stephen Barrett, Elon Musk, Nikola Tesla, Seth Robinson, Robinson doesn’t, We’re, Tesla’s, I’ve, Caulfield, ” Caulfield, “ It’s, ” Tesla’s, Bahman Anvari, It’s Organizations: Tesla, MedBed, Penn State University, , University of Alberta, Walmart, Associated Press, Drug Administration, Elon, FDA, AP, University of California Locations: Pa, Pittsburgh, China, New Jersey, Butler, Tennessee, America, Florida, Delaware, Riverside
AdvertisementWinter is part of a growing group of family office principals, including heirs like himself and first-generation entrepreneurs, who are making direct investments in pursuit of longer and healthier lives. They are in good company; longevity startups drew global investment of more than $5.2 billion in 2022 , according to a venture capital firm, Longevity Tech Fund, which used PitchBook data. She and some of her clients are investors in Maximon, a Switzerland-based longevity fund that includes "healthspan clinics" in its portfolio. Eric Becker, cofounder of wealth manager Cresset , and his two sons founded a family office and picked Blue Zone Foods as its first investment. Courtesy of CressetFor Becker, whose daughter died of leukemia at 21, and his family, longevity is not an abstract topic.
Persons: Maximilian Winter, doggedly, Lyme, Fritz Winter, Peter Thiel, There's, Peter Fioretti, David Sinclair, Kathrin Genovese, ultrarich, Genovese, Eric Becker, Cresset, Dan Yadegar, Becker, Johnny Walker Organizations: Longevity Tech Fund, Harmonix, Biotech, UBS, Winter's Harmonix Fund, Blue, Foods, Becker Venture Partners, Newpath Partners Locations: Santa Barbara, Quinta , California, Maximon, Switzerland, Zurich
ATLANTIC CITY, N.J. (AP) — Advertisements for sports betting continue to flood the airwaves, but the NFL said Tuesday that viewers will see only three such ads during the Super Bowl broadcast next month. But sportsbooks have only bought three such ads for broadcast right before and during the Super Bowl broadcast, fewer than the maximum allowed, NFL spokesperson Alex Riethmiller said. Part of that effort includes “being mindful of the tenor, volume and saturation of sports betting advertising and the degree with which we're integrating that into the live game,” Highhill said. The topic of sports betting advertising has been contentious for years. Highhill said the NFL tends to get blamed for sports betting ads that are beyond its reach.
Persons: David Highhill, Alex Riethmiller, We've, Highhill, , Jeff Miller, ” Highhill, sportsbooks, Bill Miller, , we're, Keith Whyte Organizations: CITY, NFL, Super Bowl, ” League, The Kansas City Chiefs, San Francisco 49ers, New Jersey, U.S, Supreme, D.C, American Gaming Association, Fox, Raiders, National Council Locations: N.J, Las Vegas, The, New, Washington
Napoleon Bonaparte brought engineers, architects, and scientists when he invaded Egypt. In three stages, these "savants" meticulously illustrated the ruins of ancient Egypt. But one of his lesser-known offenses — abandoning a crew of scholars and scientists in Egypt — led to the unexpected byproduct of formal archaeology as we know it today. AdvertisementIt divided Egypt into ancient and modern times, and launched the modern vision of ancient Egypt as we know it today. The structures, symbols, and images of ancient Egypt became fashionable features of European art and architecture.
Persons: Napoleon Bonaparte, , Egypt —, Ridley Scott, Napoleon, Mohamed Abd El Ghany, Nina Burleigh, Dominique, Vivant, Denon, savants, Napoleon's savants, Burleigh Organizations: Service, Scientific, Art Media, Egyptian Ministry of Tourism Locations: Egypt, France, Upper Egypt, Kings, Luxor, Karnak, Thebes, Edfu, Upper, Lower Egypt, Egyptian, Europe
Alphabet delivered better-than-expected fourth-quarter sales and earnings after the closing bell Tuesday. Total revenue rose 13.5% year-over-year to $86.31 billion, outpacing the $85.33 billion expected, according to estimates compiled by LSEG. However, it wasn't enough to jump over the high expectations that come with a stock trading at all-time highs. Google Search sales in Q4, by far the largest contributor to overall revenue, gained 12.7% to a lower-than-expected $48.02 billion. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Copilot, Ruth Porat, We're, Jim Cramer's, Jim Cramer, Jim, Michael M Organizations: LSEG, Wall Street, Google, Management, NFL, Microsoft, Google Network, Google Services, Web Services, CNBC, Washington, Santiago, Getty Locations: Hudson Square, New York City
A weekly newspaper in Oregon that laid off all of its workers in December after an employee embezzled tens of thousands of dollars will resume its print edition on Feb. 8 after raising enough money through donations, its editor said on Sunday. The newspaper, The Eugene Weekly, abruptly stopped printing after it discovered financial problems, including money not being paid into employee retirement accounts and $70,000 in unpaid bills to the newspaper’s printer, leading it to lay off all 10 of its staff members just days before Christmas, its editor, Camilla Mortensen, said at the time. Over the past month, however, Ms. Mortensen has continued publishing articles online with the help of interns, freelancers and retired reporters and editors — many of whom were willing to work without pay to keep the paper afloat — she said on Sunday. As of this week, Ms. Mortensen and three other staff members will be brought back onto the payroll in preparation for the Feb. 8 edition, she said, noting that the return to print was made possible by readers and members of the public who raised at least $150,000 after the financial problems were reported.
Persons: Camilla Mortensen, Mortensen Organizations: Eugene Locations: Oregon
The Federal Reserve should cut interest rates in March because of downside risks in the labor market, according to Goldman Sachs. "There are some modest downside risks to inflation and the labor market that could still provide additional reasons for the FOMC to cut sooner rather than later." AdvertisementThe Federal Reserve should cut interest rates in March because there are downside risks to the labor market, according to Goldman Sachs economist David Mericle. Former Fed President Esther George noted just how quickly the labor market can sour, even when all indicators look positive. "The labor market is such a tricky one.
Persons: Goldman Sachs, Goldman, David Mericle, Mericle, Powell, Esther George, George Organizations: Fed, Former, Wall Street
Say the premium is $2 on that $195 strike heading into earnings and I am sitting on 100 shares (remember every options contract represents 100 shares). If, however, shares hit the $195 strike, then I am, as the seller of that option contract, obligated to sell my shares at $195. To implement this strategy, you would sell a put at a higher strike price and then purchase another put as insurance at a lower strike price. In this case, we would be laying out $2 (paying $3 to buy the $195 strike and collecting $1 by selling the $190 strike). There are two high-level factors that determine an options price, intrinsic value and time value.
Persons: Jim Cramer's, It's, we'll, you'll, I've, it's, they're, we're, we've, We've, Jim Cramer, Steve Jobs, Tim Cook, Vega, Jim, Spencer Platt Organizations: CNBC, Jim Cramer's Charitable Trust, Club, Nvidia, New York Stock Exchange, Getty Locations: Delta, New York City
There are some companies reporting earnings this week with a track record of beating Wall Street expectations. This week is the busiest of the current corporate earnings season, with 19% of the S & P 500 set to report. About 72% of those companies have exceeded Wall Street expectations in their quarterly financial report. With this in mind, CNBC Pro used Bespoke Investment Group data to find stocks that tend to beat earnings expectations and rise on the back of their results. The Facebook parent has exceeded analysts' expectations for earnings and revenue 87% of the time, and has climbed about 1.9% on average following a report.
Persons: FactSet, Brent Thill, Tien, tsin Huang, Huang Organizations: Dow Jones, CNBC Pro, Jefferies, Mastercard, JPMorgan, Atkore
Read previewThe cult-favorite fashion brand Selkie seems to have fallen from its pedestal after using AI to create new clothing designs. AdvertisementThey also argued that using AI goes against Selkie's message of encouraging inclusivity, "artistic self-expression," and ethical manufacturing. John Lamparski/Stringer/Getty ImagesSelkie responded to the complaints via an Instagram comment, in which the brand acknowledged that AI art is "polarizing." The rise of AI in fashion has prompted backlash against other brands and designers in the past. A fashion model also told The Guardian that AI was used to alter her appearance and make her skin appear lighter in photos, and AI Fashion Week is now an annual event.
Persons: , Kimberley Gordon, Gordon, John Lamparski, Stringer, Selkie, Selkie's, Levi's Organizations: Service, Business, TechCrunch, Selkie, York, Guardian
Read previewWhen Apple launches the Vision Pro on Friday, it could really do with developers lapping it up. Given the price tag, Apple watchers aren't expecting the Vision Pro to fly off the shelves immediately. AdvertisementTo spur future consumer sales then, Apple really needs developers onside to help make the Vision Pro a success. In theory, it means developers aren't strictly limited to releasing their apps to Apple users through its own App Store. More broadly, it puts Apple and developers at odds with each other at a moment when Apple really needs apps for Vision Pro.
Persons: , It's, aren't, Apple Apple, Daniel Ek, Ek, Tim Sweeney, Sweeney, Apple, Apps, Mark Gurman Organizations: Service, Apple, Business, Vision, European Union, bloc's, Epic, Microsoft, Valve, Vision Pro
Editor’s Note: The new CNN Original Series, “The Many Lives of Martha Stewart,” features never-before-seen images and rich archival footage that reveals the woman behind the legendary lifestyle icon. When Stewart says “Entertaining,” she truly means entertaining. Austin Steele/CNNA new CNN Original Series, “The Many Lives of Martha Stewart,” premieres Sunday and provides a look at her rise from caterer to business mogul. It’s a perfect occasion to look back at Stewart’s first book (she has 99 total, because what can’t she do) that started it all. Four decades later, the book is still considered an entertaining must-haveThough “Entertaining” kicked off Stewart’s career from local caterer to nationally known hostess, its release was not without controversy.
Persons: Martha Stewart, Martha, Snoop, Stewart’s, , Stewart, Austin Steele, It’s, Alan Mirken, CNN Stewart, Sofu, Alison Roman, suckling, — it’s, Swiss chard, wouldn’t, Julia Child, Barbara Tropp, Norma Collier, there’s, Bon Appétit Organizations: CNN, 9PM, New York Magazine, Crown Publishing, York Magazine Locations: caterer, New, Brussels, Swiss, Japan, Portuguese
Spotify chief executive Daniel Ek is unhappy about Apple's proposed App Store changes . Spotify chief executive Daniel Ek said in an X post on Friday that Apple's changes represent a "new low, even for them." Under Apple's new changes, apps with over one million downloads will need to pay a "core technology fee" for "each first annual install per year." Apple's App Store change not only falls short of that ideal, but "mocks the spirit of the law and the lawmakers who wrote it," Ek said. AdvertisementThe good news for him is that Apple's new changes aren't set in stone until they pass muster with the EU.
Persons: Daniel Ek, Apple's, Apple, Ek, , — Daniel Ek, he's, doesn't Organizations: Spotify, Service, Apple, Digital, EU, European Union
PORTLAND, Ore. (AP) — An Oregon weekly newspaper that had to lay off its entire staff after its funds were embezzled by a former employee will relaunch its print edition next month, its editor said, a move made possible in large part by fundraising campaigns and community contributions. The Eugene Weekly will return to newsstands on Feb. 8 with roughly 25,000 copies, about six weeks after the embezzlement forced the decades-old publication to halt its print edition, editor Camilla Mortensen said Saturday. “It has been both terrifying and wonderful,” Mortensen told The Associated Press, describing the emotional rollercoaster of the last few weeks. But Mortensen hopes to eventually rehire her staff once the paper pays its outstanding bills and becomes more financially sustainable. “When we saw how many people contributed and how many people continue to offer to help, you can't not try to print the paper.
Persons: Camilla Mortensen, ” Mortensen, , Mortensen, You've Organizations: Eugene, Associated Press, University of Oregon, AP Locations: PORTLAND, An Oregon, Eugene, Oregon, Iowa, New York
Apple just did something unthinkable: it opened up its App Store. AdvertisementApple's absolute rule over the App Store has just been broken for the first time since its launch in 2008. Developers in the EU could previously only sell apps through Apple's App Store. It means developers can simply bypass the App Store. Did... did Apple just introduce the equivalent of Unity's runtime install fee... but for all iOS app developers in the EU?!
Persons: , Peter Kafka, Apple, Tim Sweeney, Tim Sweeny, Rachel Luna, Stringer Apple, Sweeney, Nikita Bier, Eric Seufert, Heracles Capital, Seufert, Ashley Gullen, Z7KMiWEqmD — Ashley Gullen Organizations: Apple, Service, European Union, Digital, Epic, Microsoft, Valve, Heracles, European, Unity, European Commission Locations: iPhones, EU
Occidental Petroleum and Diamondback Energy may be poised to rally after U.S. crude oil prices broke above a key resistance level on Friday, according to the chief market strategist at Miller Tabak. "That paves the way for higher prices," said Bob Yawger, managing director and energy futures strategist at Mizuho Americas. "If crude oil rolls back over, breaks below that level — that's going to tell you that I'm wrong. "And that tells me that if he's buying a stock that's highly leveraged to the price of oil, he believes oil prices are going higher." Just on Friday, Houthi militants claimed responsibility for a missile attack on an oil tanker, while a Ukrainian drone attack on a Russian fuel terminal on the Baltic Sea helped push oil prices higher earlier in the week.
Persons: Miller Tabak, Miller, Matt Maley, Bob Yawger, Yawger, WTI, Maley, It's, Diamondback, Buffett, Warren Buffett, Berkshire Hathaway, Friday's, Houthi Organizations: Occidental Petroleum, Diamondback Energy, West Texas, CNBC, Mizuho Americas, Occidental, Diamondback, United States Oil ETF, Berkshire, Wall Street Locations: Miller Tabak ., China, Occidental, Occidental's, Houston, FactSet, U.S, Russia, Ukraine, Ukrainian, Baltic
The answer explains why Congress is racing to wind down what is known as the employee retention tax credit. Lawmakers aim to use the savings to offset the cost of three business tax breaks and a more generous child tax credit for many low-income families. Households benefitting from the changes in the child tax credit would see an average tax cut of $680 in the first year, according to an estimate from the nonpartisan Tax Policy Center. Under current law, taxpayers have until April 15, 2025, to claim the employee retention credit. But in this case, the employee retention tax credit appears to have few friends left on Capitol Hill.
Persons: Danny Werfel, ’ ”, Sen, Ron Wyden, Elizabeth Warren, Ron Johnson, ” Johnson, , ” Warren, Wyden, Jan, Larry Gray, Gray, , ” Gray, preparer, Werfel, Mark Warner Organizations: WASHINGTON, Senate, IRS, , Center, Senate Finance, Capitol Locations: Rolla , Missouri, America, New Jersey
Lion attacks: How to stay safe on safaris in Africa
  + stars: | 2024-01-25 | by ( Forrest Brown | ) edition.cnn.com   time to read: +17 min
It was July of 2022, and the co-founder of Discover Africa Safaris was out in the bush near the Khwai River in northern Botswana. African lions are fully capable of attacking, killing and even eating humans, and it’s generally estimated about 250 people a year die in lion attacks. WLDavies/E+/Getty ImagesOnly about 23,000 lions remain in sub-Saharan Africa, found mostly in Eastern and Southern Africa, Muruthi said. Before your trip, It's important to study up on safety tips -- such as remaining inside your safari vehicle when lions and other wild animals approach. Secondly, fleeing indicates to the lion you’re frightened and now possible prey, turning what might have initially been a mock charge to test you into a real attack.
Persons: Steve Conradie, Discover Africa Safaris, — “, , ” Conradie, , , ’ Steven Conradie, , Conradie, Philip Muruthi, He’s, Muruthi, Masai, , ” Muruthi, Paul A, Andre Van Kets, Van Kets, Martin Harvey, It’s, you’re, don’t, they'll, Robert Muckley, There’s, Anup Shah, ” Van Kets, I’d, Organizations: CNN, Discover, Lion Recovery, African Wildlife Foundation, Masai Mara, Reserve, East, ” Lions, International Union for, Nature, Sacramento Zoo, PLOS, Africa Tourists, Bank, Kenya Geographic, San Diego Zoo Wildlife Alliance, Lions, Locations: Discover Africa, Botswana, South Africa, Africa, Zimbabwe, Hwange, Kenya, Saharan Africa, Eastern, Southern Africa, Tanzania, East Africa, California, Namibia
Goldman Sachs reiterates Apple as buy Goldman said it's standing by the tech giant heading into earnings on February 1. Bank of America reiterates Meta as buy Bank of America raised its price target on Meta to $425 per share from $405. Piper Sandler reiterates Microsoft as overweight Piper warned investors in a note on Thursday not to "sleep" on Microsoft Cloud. Bank of America downgrades Boeing to neutral from buy Bank of America said in its downgrade of the stock that it sees too much regulatory scrutiny. Bank of America upgrades Heico to buy from neutral Bank of America said investors should buy the dip in the aerospace and electronics aftermarket company. "
Persons: Needham, Rivian, Morgan Stanley, Tesla, Goldman Sachs, ServiceNow, Goldman, it's, TAL, BTIG, Jefferies, Wells, Piper Sandler, Piper, JPMorgan downgrades Hertz, JPM, Hertz Organizations: Bank of America, IBM, Revenue, Apple, JPMorgan, Tal, Bloom Energy, Gray Customers, Amazon, " Bank of America, Meta, DuPont, Microsoft, Deutsche Bank, Avis, Deutsche, Boeing, Alaska Airlines, of America Locations: ServiceNow, China, Bloom
Every weekday the CNBC Investing Club with Jim Cramer releases the Homestretch audio feature in time for the last hour of trading on Wall Street. Since there's no specific news on the stock moves and it could be that investors were taking some profits after their big runs. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Stocks, Eli Lilly, Estee Lauder, LVMH, Ford, Tesla, Jim, Dupont, it's, Jim Cramer's Organizations: CNBC, Broadcom, Tesla, Federal Trade Commission, Microsoft, Wynn Resorts, Vegas Sands, Macao, ICE, Costco, Dow Inc, Dow, Jim Cramer's Charitable Locations: China, Palo Alto
Following the trade, Jim Cramer's Charitable Trust will no longer own shares in the construction equipment maker. Analysts at JPMorgan recently reminded investors that Caterpillar stock has a history of pulling back after the company reports fourth-quarter earnings. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer's, Jim Cramer, Jim Organizations: Caterpillar, CAT, JPMorgan, Investors, Jim Cramer's Charitable, CNBC
While my case may have been a little on the extreme side, a financial planner assured me that I'm far from the only person to have struggled with a 401(k) rollover. August 15, 2023: Fidelity cuts two checks — made out to Vanguard, not me (this, I later learn, is key) — and mails them to me. I was supposed to make my rollover checks payable to them. The author attempted to mail the rollover form and checks from Brooklyn, New York. I never want to initiate a 401(k) rollover ever again.
Persons: , I've, Roth, Vanguard There's, Kathleen Elkins, Brent Weiss, that's, Ascensus, Weiss, wasn't, it's Organizations: Business, Fidelity, Vanguard, Neat, UPS, Trust, Facility, IRS Locations: Los Angeles, New York City, Brooklyn , New York, Brooklyn Heights, North Carolina, Charlotte, New York
JPMorgan's Michael Feroli: Expect rate cuts in June
  + stars: | 2024-01-25 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJPMorgan's Michael Feroli: Expect rate cuts in JuneMichael Feroli, JPMorgan chief U.S. economist, joins 'Money Movers' to discuss what surprised Feroli most in the latest GDP data, whether Feroli's outlook has changed after the latest GDP print, and more.
Persons: Michael Feroli, Feroli Organizations: JPMorgan
At White Columns Annual, Outsiders Mix With Insiders
  + stars: | 2024-01-24 | by ( Travis Diehl | ) www.nytimes.com   time to read: 1 min
It’s pleasantly disorienting to enter the White Columns Annual in New York in 2024 and see so much work that could have been, and was, made any time in the last half century. There’s not a screen, QR code or 3-D print in sight. The Annual has one constraint. The curator must have seen the included work in New York City in the previous year. In this grass-roots way, the show offers a (very subjective, and therefore narrow) group portrait of an increasingly unwieldy scene.
Persons: It’s Locations: New York, New York City
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