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Tesla (TSLA.O) gained 7.4% to hit a nine-month high, a day after its car deliveries topped market estimates on the back of incentives and steeper discounts. The consumer discretionary sector (.SPLRCD) that includes Tesla rose 1.5%, leading gains among the top 11 S&P 500 sectors, while healthcare stocks (.SPXHC) declined. Fidelity National Information Services (FIS.N) added 5.4% as buyout groups weighed bids for a majority stake in Worldpay, co-owned by the financial services firm, according to a Financial Times report. Advancing issues outnumbered decliners by a 2.02-to-1 ratio on the NYSE and a 1.53-to-1 ratio on the Nasdaq. The S&P index recorded 12 new 52-week highs and no new low, while the Nasdaq recorded 42 new highs and 33 new lows.

Persons: Hogan, Investors, Li Auto, Bansari Mayur Kamdar, Johann M, Pooja Desai, Vinay Dwivedi Organizations: Dow, Nasdaq, Riley, General Motors, Ford, EV, Rivian Automotive, Traders, Apple, Microsoft, Dow Jones, Fidelity National Information Services, Financial, NYSE, Thomson Locations: Worldpay, Bengaluru

Their tormentors have also called in false bomb threats to venues using their names in three states. To combat the growing problem, the FBI has begun taking formal measures to get a comprehensive picture of the problem on a national level. Chief Scott Schubert with the bureau's Criminal Justice Information Services headquarters in Clarksburg, West Virginia, told NBC News that the agency formed a national online database in May to facilitate information sharing between hundreds of police departments and law enforcement agencies across the country pertaining to swatting incidents. No central agency has tracked swatting incidents or suspects in the U.S., so official statistics are not available. The couple was mostly recently swatted at their home on Tuesday, bringing the total of swatting incidents to 43.

Persons: Patrick Tomlinson, Niki Robinson, hasn't, Scott Schubert, Schubert, Lauren R, Shapiro, Mark Herring, Niki Robinson.NBC, —, Andrew Finch —, Finch, Swatting, he'd, Norm Macdonald, Tomlinson, It's, impersonators, Swatters, Patti Labelle, Robinson Organizations: Las Vegas, Tribune, Service, Getty, Clemson, Harvard, Cornell, Rutgers, Middlebury College, swatters, FBI, bureau's, Information Services, NBC News, NBC, Google, John Jay College of Criminal, Defamation League, Twitter, Daily, YouTube, Police, Irish, Milwaukee Brewers, Riverside Theater Locations: Milwaukee, U.S, Clemson , Florida, Boston, Pittsburgh, Oklahoma, Clarksburg , West Virginia, Texas, China, Taiwan, Tennessee, Wichita, Wisconsin, Marquette

When possible, use a credit card instead of a debit card — you'll benefit from zero-liability protection. Credit card fraud is still a problem for one simple reason: It continues to work. Use your credit card — not your debit cardChase Sapphire Preferred® Card Apply now lock icon An icon in the shape of lock. Note that credit card lenders may use many different variations of credit score models when considering your application. Read more: The 5 biggest credit card scams going around right now — and how to protect yourselfFor example, the Capital One Venture Rewards Credit Card offers the ability to use virtual numbers online.

Persons: —, It's, Jeff Bezos, We're, you'll, Read, Wells Fargo, Banks Organizations: Service, Information Services, Chase Travel, Chase, Sapphire, Hotel, FDIC, Electronic, Card, American Express, Citi

☆ Goldman names three stocks to buy in the information services sector because of generative A.I.
▼ + stars: | 2023-06-15 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Goldman Sachs recommended buying three information services stocks that should be helped by artificial intelligence. Analyst George Tong scored how business and information services companies can deploy generative AI and analyzed the revenue impacts from the technology on these businesses. "We believe generative AI will have a profound and varied impact on the Business & Information Services sector over the medium-to-longer term," he said in a note Wednesday to clients. S & P Global has outperformed the broader market this year with a 17.8% gain. At the same time, Tong said, demand for AI-related research should only grow, which should provide a boost to the company's technology research arm.

Persons: Goldman Sachs, George Tong, Gartner, Tong, it's, Robert Half, — CNBC's Michael Bloom Organizations: P Global, Business & Information Services, P, Global, Wall, Gartner Locations: Real

☆ JPMorgan's No. 2 explains how the fintech threat made the nation's largest bank even bigger
▼ + stars: | 2023-06-02 | by ( Kaja Whitehouse | ) www.businessinsider.com time to read: +3 min

JPMorgan Chase, the nation's largest bank by assets, is getting bigger every day. The bank's second-in-command said the fintech threat is driving some of its expansion plans. 2, Daniel Pinto, suggested that the looming fintech threat is also responsible for JPMorgan's retail banking expansion in Europe. It plans to spend $15.3 billion on tech in 2023, up $14 billion from last year. Last month, JPMorgan agreed to pay about $10.6 billion to buy First Republic Bank after the smaller bank was seized by regulators.

Persons: JPMorgan Chase, Daniel Pinto, Jamie Dimon's, fintechs, Dimon's, Pinto, Bernstein, JPMorgan Organizations: JPMorgan Chase, JPMorgan, Morning, Bloomberg, First, Bank Locations: Europe, United States, Germany, America

Venkatakrishnan's intervention underscores the pressure that the British bank is under to protect its U.S. investment banking franchise. Venkatakrishnan promised during the meeting to invest in the investment banking business to boost morale, the sources said. Miller left Barclays to join Jefferies last month, while Barclays only announced a new role for Astier this week, naming him global head of financial sponsors. Still, the exodus that Venkatakrishnan and other Barclays executives have been trying to stem has continued apace. But it was its consumer, cards and payments division, rather than investment banking, that led the charge.

Persons: C.S, Venkatakrishnan, dealmakers, Cathal Deasy, Morgan Stanley, Taylor Wright, Marco Valla, Deasy, John Miller, Jean, Francois Astier, Miller, Jefferies, Jim Rossman, Christopher Ludwig, Pete Contrucci, Evan Rothenberg, Daniel Kerstein, Contrucci, Rothenberg, Kerstein, Milana Vinn, Abigail Summerville, David Carnevali, Svea Herbst, Bayliss, Anirban Sen, Greg Roumeliotis, Christopher Cushing Organizations: YORK, Barclays, Citigroup Inc, UBS Group AG, Jefferies Financial Group Inc, Reuters, Credit Suisse Group AG, UBS, Lazard Ltd, Credit Suisse, Svea, Thomson Locations: Americas, Europe, Middle East, Africa, United States, New York, Rhode Island

☆ Citi, a firm plagued by 'fat finger' mistakes, invests in tech to lower human trading errors, CEO Jane Fraser says
▼ + stars: | 2023-06-02 | by ( Kaja Whitehouse | ) www.businessinsider.com time to read: +2 min

Citi has invested in new technology to reduce human trading errors. The New York-based bank has invested in new technology to reduce human trading errors, CEO Jane Fraser revealed on Friday. "In trading, we have a smart system called SMART," Fraser said at the 2023 Bernstein Strategic Decisions Conference. "That's the type of thing that we're putting in to make sure that we don't have issues in terms of fat-finger errors going forward." Fraser mentioned the trading technology while explaining the bank's multi-year effort to simplify and modernize its business, including through technology.

Persons: Jane Fraser, It's, Fraser, Bernstein Organizations: Citi, Conference, Revlon Locations: New York, London

The conglomerate reported adjusted first-quarter earnings of $2.07 per share on revenues of $8.86 billion. Southwest Airlines — The airline company's shares slipped 3.4% following a wider-than-expected loss for the first quarter. The pharmaceutical company posted adjusted earnings per share of $2.46, while analysts had estimated $2.51, according to StreetAccount. United Rentals — Shares fell 5.7% after the company's first-quarter earnings came in below expectations. CBRE — Shares of the real estate group soared 8.8% after CBRE's first-quarter earnings announcement buoyed investor sentiment.

☆ Citi says it's time to reconsider ESG, naming 3 stocks that could soar by 30%
▼ + stars: | 2023-04-18 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

ESG investing underperformed the broader market in 2022, but strategists at Citi think the segment could be about to rebound. Last year, the MSCI Europe Socially Responsible Investing index declined by 13.4% compared to the 8.9% fall in the broader MSCI Europe index. But Citi said ESG stocks — or those which take environmental, social, and governance factors into account — have historically shown resilience, with profit growth outpacing the broader market during earnings slowdowns. In line with this renewed focus, Citi has identified a number of stocks that it expects to rebound this year. To identify ESG stocks with "resilient" earnings per share, Citi screened the Stoxx Europe 600 index for large-cap stocks meeting several proprietary criteria, including ranking in the top 50 percentile of Truvalue Labs ESG index.

☆ 3 industries with the greatest risk of layoffs—and 4 that are probably secure
▼ + stars: | 2023-04-14 | by ( Jennifer Liu | ) www.cnbc.com time to read: +2 min

Information services jobs, ranging from software engineers to recruiters for tech talent, are most at-risk of layoffs in a potential recession because headcount grew so quickly during the pandemic, fueled by shifts in consumer behaviors that required businesses to move everything online, says Frank Steemers, a senior economist with The Conference Board. High-growth tech companies are also more sensitive to interest rate hikes that have happened for the better part of a year now. However, while tech layoffs are taking up headlines, Steemers says these workers are getting rehired quickly across other sectors like health care and business, so they're not being captured by unemployment figures. Jobs in transportation and warehousing, construction, repairs, personal and other services are at risk of being cut because customer demand for e-commerce has slowed now that buying and experiencing things in-person is back on the table. People are also shopping less due to high inflation, high interest rates on debt and high job insecurity with layoff headlines in the news.

☆ ‘We’re at a tipping point:’ What to expect from the jobs report
▼ + stars: | 2023-04-07 | by ( Alicia Wallace | ) edition.cnn.com time to read: +9 min

Minneapolis CNN —The US labor market has kept trucking right along even as other areas of the economy have slowed. ET Friday when the Bureau of Labor Statistics drops the heavily anticipated jobs report for March. On Wednesday, the latest private-sector jobs report from payroll processor ADP came in at 145,000 for March, landing below expectations. There still remains uncertainty about the extent to which those and other layoffs may ripple through the broader labor market. The Bureau of Labor Statistics is set to release its March jobs report at 8:30 a.m.

☆ ‘We’re at a tipping point:’ What to expect from the jobs report on Friday
▼ + stars: | 2023-04-06 | by ( Alicia Wallace | ) edition.cnn.com time to read: +9 min

Minneapolis CNN —The US labor market has kept trucking right along even as other areas of the economy have slowed. Just how much of a shift there is could become even clearer on Friday when the Bureau of Labor Statistics drops the heavily anticipated jobs report for March. On Wednesday, the latest private-sector jobs report from payroll processor ADP came in at 145,000 for March, landing below expectations. There still remains uncertainty about the extent to which those and other layoffs may ripple through the broader labor market. The Bureau of Labor Statistics is expected to release its March jobs report on Friday at 8:30 a.m.

NEW YORK, March 29 (Reuters) - Fidelity National Financial Inc (FNF.N) will pay $3.5 million to settle New York Attorney General Letitia James' claims that the largest U.S. title insurer illegally conspired with rivals not to solicit each other's employees. Under an agreement made public on Wednesday, Fidelity also agreed to end all "no-poach" agreements within 30 days, and cooperate with James' probe into the title insurance industry. James said no-poach agreements, whether written or oral, reduce competition for workers, resulting in lower wages and benefits and impeding career growth. It promised to notify James' office if it learned of illegal no-poach agreements over the next 10 years. Reporting by Jonathan Stempel in New York; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

☆ Fact Check-Dinosaurs existed and were documented before the term ‘dinosauria’ was coined in the early 1840s
▼ + stars: | 2023-03-15 | by ( Reuters Fact Check | ) www.reuters.com time to read: +4 min

Dinosaurs existed long before the word ‘dinosauria’ was coined by paleontologist Sir Richard Owen in the 19th century, paleontology experts and a spokesperson for Britain’s Royal Society told Reuters, rejecting a claim to the contrary spreading online. They were invented by the Royal Society in 1841,” the individual says, referring to the academic organisation which is Britain’s national academy of sciences. However, three experts and a spokesperson for the Royal Society told Reuters separately that these claims are false. They say Sir Richard Owen first used the term ‘Dinosauria’ in the early 1840s but that dinosaurs and their fossils existed and were documented long before. Dinosaurs existed and were documented long before they were given a universal name in 1841, paleontologists and Britain’s Royal Society say.

Americans can access free credit reports from the credit bureaus every week until the end of 2023. However, since April 2020, Americans have been allowed to check their credit reports for free once per week. A Consumer Reports survey found that 34% of consumers have found an error on at least one of their credit reports. Weekly credit reports frequently asked questions (FAQ)Will checking my credit report every week lower my credit score? Because consumers can request their credit reports every week, credit monitoring services aren't nearly as necessary as they were pre-pandemic.

☆ Nearly half of Japan firms want BOJ to revise negative rate policy: Reuters poll
▼ + stars: | 2023-02-23 | by ( Rocky Swift | ) www.reuters.com time to read: +3 min

The government nominated academic Kazuo Ueda to head the Bank of Japan as the decade tenure of Governor Haruhiko Kuroda nears its close. Among nearly 500 major companies polled, 47% said the BOJ should modify policies that allow interest rates to go negative. Even so, a majority of companies, 62%, said a normalisation of monetary policy would not have a good or bad impact on their business. Asked to rate Kuroda's legacy at the central bank, respondents gave him middling to positive grades, overall. "There are pros and cons," a manager in the electronics industry said about the Kuroda BOJ.

☆ FIS’s Worldpay Spinoff Is Jumbled by Tough Outlook
▼ + stars: | 2023-02-14 | by ( Telis Demos | ) www.wsj.com time to read: 1 min

The plan seeks to help Worldpay make necessary investments or acquisitions. Fidelity National Information Services is splitting into two parts. Both have their challenges. FIS said Monday that it plans to do a tax-free spinoff of its merchant-solutions business, which facilitates payments for sellers such as retailers, within the next 12 months. The move would unwind a previous merger to create two companies: Worldpay for payments; and FIS, which provides banks and capital-markets firms with software and other services.

☆ Here are Tuesday's biggest analyst calls: Apple, Coinbase, Walmart, Roku, Nvidia, Amazon & more
▼ + stars: | 2023-02-14 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Here are Tuesday's biggest calls on Wall Street: KeyBanc reiterates Apple as overweight KeyBanc said Apple has "significant" growth potential. Evercore ISI downgrades XPO to in line from outperform Evercore said it sees an unfavorable risk/reward for the logistics company. Evercore ISI downgrades First Solar to in line from outperform Evercore said it sees a slowing solar market. Bank of America reiterates Burlington as buy Bank of America said the discount retailer is well positioned for a margin recovery. Bank of America reiterates Roku as underperform Bank of America said it's bearish heading into Roku earnings on Wednesday.

☆ Morgan Stanley says this fintech stock is due for a rebound after back-to-back years of losses
▼ + stars: | 2023-02-14 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Fidelity National Information Services could be in for a big jump going forward, according to Morgan Stanley. Analyst James Faucette upgraded the fintech stock to overweight from equal weight and upped his price target by $6 to $79. Fidelity National Information Services advanced nearly 2% in premarket trading on Tuesday. Faucette said the market has priced in "too draconian" of a multiple for the merchant business in recent years. The move comes as venture capital investment falls across the board, which Faucette thinks could help Fidelity National Information Services.

☆ Fintech giant’s bad wedding leads to happy divorce
▼ + stars: | 2023-02-14 | by ( Anita Ramaswamy | ) www.reuters.com time to read: +3 min

NEW YORK, Feb 14 (Reuters Breakingviews) - Many mergers fail, but executives are rarely humble enough to admit it. They have a point – FIS paid $3 billion more for Worldpay than the combined companies’ market value today. These are worlds apart from the staid financial institutions which patronize FIS’s core software business. As a stand-alone company the payments firm could also borrow more to fuel future purchases without imperiling its former parent’s credit rating. FIS also announced a $17.6 billion writedown on the value of the business and lowered its profit guidance for 2023.

☆ Stocks making the biggest moves premarket: Palantir, Coca-Cola, Marriott and more
▼ + stars: | 2023-02-14 | by ( Jesse Pound | ) www.cnbc.com time to read: +4 min

Here are the stocks making notable moves before the opening bell on Tuesday, Feb. 14. Palantir — Shares of the software company surged 18% in extended trading after Palantir reported it made a profit in the fourth quarter, the first GAAP profit in the company's history. Marriott — The hotel stock rose nearly 2% in premarket trading after Marriott beat estimates on the top and bottom lines for the fourth quarter. Cadence Design Systems — The electronics design stock rose 5% premarket after Cadence beat estimates on the top and bottom lines for the fourth quarter, according to StreetAccount. Amkor Technology — The semiconductor stock fell about 3% premarket after Amkor's fourth quarter earnings per share came in at 67 cents, three cents below estimates, according to StreetAccount.

Feb 13 (Reuters) - Banking and payments processing conglomerate Fidelity National Information Services Inc (FIS.N) took a $17.6 billion write-down on its merchant business as it unveiled plans on Monday to spin it off, undoing a $43 billion acquisition that went sour. FIS built its merchant business, which processes transactions for companies, on the back of its $43 billion purchase of WorldPay four years ago. "The pace of disruption in payments is rapidly accelerating, requiring increased investment in growth and a different capital allocation strategy for our merchant solutions business," FIS Chairman Jeffrey Goldstein said in a statement. Charles Drucker, the former CEO of Worldpay, will lead the merchants business after it is spun out, FIS said. Merchant solutions makes up about 30% of FIS' revenue, while its banking solutions arm constitutes about 46%, and capital market solutions the remainder.

☆ Stocks making the biggest moves midday: Zillow, Microsoft, Meta, Fidelity National and more
▼ + stars: | 2023-02-13 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Microsoft — The technology corporation's shares rose more than 3% on Monday, pushing its market cap over $2 trillion once again, after Morgan Stanley reiterated its overweight rating for the stock. Ralph Lauren — Shares of the apparel giant rose almost 4% after Bank of America upgraded the stock to buy from neutral. Meta — The Facebook parent's stock rose nearly 3% after the Financial Times reported it is planning another round of layoffs. Five Below — The discount retailer's stock rose 2.9% after Roth MKM upgraded it to buy from hold, noting it sees attractive growth ahead. Late last week, Reuters reported that Tesla must open its supercharging network to competitors in order to qualify for U.S. subsidies.

HAVANA, Feb 13 (Reuters) - Cubans suffering long lines for food, fuel and medicine now have a new problem: painfully slow internet. "The internet keeps getting worse and worse and we're reaching the point where getting online is becoming impossible for the average Cuban," he said. But getting online can still be a touchy subject. Global internet watchdogs have also said Cuba has restricted internet access during recent protests to suppress coverage of the demonstrations and limit their spread. Cuba's government has since announced another cable project, called Arimao, which aims to connect Cuba to the Caribbean island of Martinique by April.

☆ Stocks making the biggest moves premarket: Fidelity, Ralph Lauren, Caterpillar and more
▼ + stars: | 2023-02-13 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

The company's stock price has soared by more than 44% so far this year. Caterpillar — Shares of the machinery company fell more than 1% after Baird downgraded Caterpillar to neutral from outperform. The call follows an upbeat earnings report on Thursday. Cadence Design Systems — Shares were up 1.7% in premarket trading ahead of the company's scheduled fourth-quarter earnings release on Monday. Cadence expects to report revenue in the range of $870 million to $890 million.

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