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☆ Why Shari Redstone is trying to sell Paramount — and why she needs the right deal
▼ + stars: | 2024-02-03 | by ( Alex Sherman | ) www.cnbc.com time to read: +9 min

When Redstone's father, Sumner Redstone, the founder of National Amusements, died in 2020, Shari Redstone inherited his shares. Paramount Global has a market capitalization of nearly $10 billion and about $13 billion of net debt. If she agrees to sell either National Amusements or all of Paramount Global, she'll need buy in from other investors. Talks are further along with Redstone regarding NAI than they are with Paramount Global, two of the people said. Paramount Global charges $5.99 per month for Paramount+ with advertising.

Persons: Shari Redstone, Mike Blake, it's, David Ellison, Byron Allen, SpongeBob, I'm, National Amusements Shari Redstone, Brendan Mcdermid, Redstone's, Sumner Redstone, Shari, John Malone, Bob Bakish, It's, Banker Byron Trott, Warren Buffett, Berkshire Hathaway, Skydance, Spokespeople, There's, CNBC's David Faber, Bakish, Jim Cramer Organizations: National Amusements, WSJ Tech, Reuters Paramount Global, Paramount, Paramount Global, Skydance Media, Paramount Pictures, CBS, Nickelodeon, Comedy Central, Hollywood, Allen, Co, Sun, Reuters, Amusements Inc, National, Warner Bros, Discovery, CNBC, Comcast, NBCUniversal, Paramount Global's, Amusements, U.S, Disney, Charter, CNBC Paramount Global, Viacom Locations: Laguna Beach , California, Israel, Sun Valley , Idaho, Wells Fargo, America, Berkshire, NAI, Skydance, U.S

☆ ‘I Turned and Saw My Barber and His Buddies Working on a Car’
▼ + stars: | 2024-01-21 | by ( ) www.nytimes.com time to read: 1 min

ImagePink RosesDear Diary:I woke up early on a September Sunday somewhat grumpy for reasons I cannot remember. As I skulked through Carroll Gardens doing my errands for the day, the nice weather lifted my spirits slightly. My last stop was a flower shop for something to bring home to my partner. Later, walking down my block with the bunch of pink roses I had picked out, I heard a man say: “Wow! ¡Qué lindo!”I turned and saw my barber and his buddies working on a car.

Persons: lindo, ” Organizations: Carroll Gardens

Thursday's analyst calls featured an upgrade to a car rental stock and a big downgrade to an airline. The bank also hiked his price target on the tech giant to $225 per share, implying upside of 23%. — Pia Singh 5:36 a.m.: Citi downgrades Spirit Airlines to sell Citi is throwing in the towel on Spirit Airlines . Week to date, Spirit shares are down nearly 60%. Spirit shares were down more than 4% in the premarket.

Persons: Morgan Stanley, Hertz, Andrew Percoco, Percoco, — Pia Singh, Wamsi Mohan, Fred Imbert, Kirk Materne, Materne, Dan Dolev, Dolev, he's, CFRA, Kenneth Leon, Berkshire Hathaway, Leon, Ranjan Sharma, Sharma, bode, Adam Jonas, Jonas, Morgan, Stephen Trent, Trent Organizations: CNBC, flipside, Citi, Spirit Airlines, JetBlue, Bank of America, Apple Bank of America, Apple, Microsoft, ISI, Activision, Activision Blizzard, Mizuho, Fidelity National Information Services, Paramount Global, RedBird Capital, Warner Bros ., Comcast, Paramount's, Showtime, Paramount, JPMorgan, Grab Holdings, Hertz Global Holdings, Jan, Citi downgrades Spirit Airlines, Spirit, Airlines Locations: Berkshire, 1H24, Wednesday's

☆ In the Dream Orchestra, many musicians never played an instrument before joining
▼ + stars: | 2024-01-13 | by ( Catherine E. Shoichet | ) edition.cnn.com time to read: +24 min

I think they thought I was crazy.”Many of the Dream Orchestra’s members had never played an instrument before they joined. Ron Davis Álvarez, Dream Orchestra founder and artistic directorThe small ensemble rehearsed on Fridays and Saturdays. He'd never played an instrument before joining the Dream Orchestra. Mushtaq Khorsand asked to join the Dream Orchestra after seeing how joyful his friends were during a performance. So if I wasn’t part of Dream Orchestra and (hadn’t) met Ron, I don’t where I would be,” he says.

Persons: Ron Davis Álvarez, He’d, ” Álvarez, hadn’t, they’d, Álvarez, Venezuela’s, he’d, It’s, Gustavo Bandres, “, Mostafa, ” Kazemi, Kazemi, —, –, Mostafa Kazemi, He'd, ”, Ron, Mushtaq Khorsand, ” Khorsand, Khorsand, He's, Rey, He’s, he’s, Carlos Medrano y Ritmos Ciganos Carlos Garcia, isn’t, it’s, Johan Nilsson, Tymofii Slakva, Tim, Slakva, ” Slakva, Azra Avci, Andrea Spehar, Anna Svanberg, they’ve, ‘, hasn’t, Scheherazade, Richard Meyer Organizations: CNN, Volunteers, El, El Sistema, Sistema, Orchestra, Dream Orchestra, Dream, Gothenburg Symphony, Training, YouTube, University of Gothenburg, ” Locations: Stockholm, Venezuelan, Sweden, Syria, Afghanistan, El Sistema Sweden, Gothenburg, It’s, El, Caracas, Eritrea, Albania, Malmo, Swedish, Ukraine, France, Álvarez, United Kingdom, Lebanon

☆ Big M&A and Bob Iger's future: 13 media executives make their anonymous 2024 predictions
▼ + stars: | 2023-12-20 | by ( Alex Sherman | ) www.cnbc.com time to read: +14 min

Executive 2: Bob Iger will, again, extend his contract as Disney CEO Earlier this year, Disney CEO Bob Iger renewed his contract through 2026. This executive predicted "fool me five times, shame on me." This executive predicted Peltz and Rasulo will win their campaign and both join the board. This person predicted Disney would purchase privately held Candle Media to acquire Moonbug Entertainment, the owner of CoComelon. This executive predicted Yaccarino would either lose patience or find her job increasingly pointless and leave the company in 2024.

Persons: Andrew Ross Sorkin, Walt Disney Company Bob Iger, Michael M, David Zaslav, Slaven Vlasic, NBCUniversal, Brian Roberts, Roberts, Donna Langley, Bob Iger, Iger, Nelson Peltz, Jay Rasulo, Marco Bello, Peltz, Rasulo, Disney's, Dana Walden, Dana Walden Jason Laveris, Disney Entertainment Dana Walden, Walden, Bob Chapek, Andrew Wilson, Wilson, Chris Licht wouldn't, McCarthy, Andrew Wilson Michael Newberg, Kevin Mayer, Mayer, Bryan van der Beek, Tom Staggs, Staggs, Jayson Tatum, Kyle Terada, NBCUniversal's Peacock, Alec Martinez, Gray, Discovery's Max, Jeff Zucker, Lady Michelle Obama's, Michelle Obamas, Cheriss, Gerry Cardinale, Jeff Shell, RedBird, Shari Redstone's, David Ellison, Byron Trott, Zucker, Mark Thompson, Linda Yaccarino, X Linda Yaccarino, Vox, Jerod Harris, Yaccarino, CNBC's Julia Boorstin, Boorstin, Elon Musk's, Jason LaVeris, Barbie, Mario, Oppenheimer, LightShed's Greenfield Organizations: Walt Disney Company, New York Times, Santiago, Getty, Jazz, Lincoln Center, Warner Bros ., Comcast, Warner Bros, Discovery, Disney, Trian Fund Management, Future Investment Initiative, Summit, Bloomberg, Filmmagic, Disney Entertainment, Electronic Arts, CNBC, Candle Media, Iger, Media, Moonbug Entertainment, Apple Boston Celtics, Golden State Warriors, USA, National Basketball Association, NBA, Apple, The College, ESPN, College, NHL, MLB, Vegas Golden Knights, Florida Panthers, Mobile, National Hockey League, Diamond Sports Group, Scripps, Gray Television, Las Vegas Golden Knights, Arizona Coyotes, Phoenix Suns, Street Journal, Netflix, Hulu, Max, Paramount, RedBird, Paramount Global, CNN Worldwide, CNN, NurPhoto, BDT, The Ritz, Carlton, FilmMagic, Mario Bros Locations: New York City, Disney, Miami , Florida, Las Vegas , Nevada, Laguna Niguel, Dana Point , California

☆ Will 2024 bring good tidings to media and telecom companies? That's unlikely
▼ + stars: | 2023-12-19 | by ( Alex Sherman | ) www.cnbc.com time to read: +10 min

Still, legacy media companies including Disney, Paramount Global, Warner Bros. Since the "Great Netflix Correction" of 2022, there isn't a unifying growth narrative for media and entertainment companies. Disney, Paramount Global and NBCUniversal have all pegged 2025 as their flagship streaming services' first full year of profitability. Beyond financial metrics, several executives privately acknowledged morale has become an increasing concern at legacy media companies. One executive noted he's increasingly hearing from peers that running media and entertainment companies just isn't as fun as it was five or 10 years ago.

Persons: Corey Martin, Granderson Des Rochers, Martin, Jerome Powell, Liu Jie, Shari Redstone, David A, CNBC Shari Redstone, Biden, Sinclair, Lina Khan, Joe Biden, Khan, There's, John Harrison, Brian Roberts, Drew Angerer, Donald Trump, Trump, David Zaslav, Michael M, Disney, Nelson Peltz, Jay Rasulo, Bob Iger, he's, LightShed's Rich Greenfield Organizations: Universal Studios, Warner Bros . Discovery, Disney, Paramount Global, Comcast, Granderson, U.S, Federal, Washington , D.C, Xinhua News Agency, Getty, Treasury, Federal Reserve, Allen, Co . Media, Technology Conference, Grogan, CNBC, Trump, Nexstar, Gray Television, Federal Trade, Verizon, Mobile, NBCUniversal, CBS, NBC, EY, Allen & Company Sun Valley Conference, Trump's Department, Justice, Time Warner, Republican, Democratic, Netflix, Cable, Warner Bros, New York Times, Santiago, Getty Images Media, Management, Paramount Locations: Washington ,, United States, Sun Valley , Idaho, Tegna, Europe, U.S, EY Americas, New York City

An agent of the Brazilian Institute for the Environment and Renewable Natural Resources (IBAMA) inspects a tree extracted from the Amazon rainforest, in a sawmill during an operation to combat deforestation, in Placas, Para State, Brazil January 20, 2023. "Our current knowledge of the functioning of the Congo Basin ecosystem is really very, very limited." The Democratic Republic of the Congo, home to most of the forest, had the second highest rate of tree cover loss in the world last year after Brazil, according to Global Forest Watch. The scientific effort is modelled on the Science Panel for the Amazon that in 2021 issued a roughly 1,300 page report summarising the scientific consensus on the Amazon rainforest, the world's largest. More than 300 scientists are expected to contribute to the Congo report, Tshimanga said.

Persons: Ueslei Marcelino, Raphaël Tshimanga, Tshimanga, Jake Spring, Barbara Lewis Organizations: Brazilian Institute for, Environment, Natural Resources, REUTERS, SAO PAULO, United, Sunday, United Nations Sustainable Development Solutions, University of Kinshasa, Democratic, Global Forest Watch, Reuters, Thomson Locations: Placas, Para State, Brazil, United Nations, Congo, Democratic Republic of the Congo

☆ Apple, Paramount discuss bundling their streaming services - WSJ
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +1 min

[1/2] Toy figures of people are seen in front of the displayed Paramount + logo, in this illustration taken January 20, 2022. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo Acquire Licensing RightsDec 1 (Reuters) - Apple (AAPL.O) and Paramount Global (PARA.O) have discussed bundling their streaming services at a discount, the Wall Street Journal reported on Friday. The companies have talked about offering a combined Paramount+ and Apple TV+ offering that would cost less than subscribing to both services separately, the report said, citing people familiar with the discussions. The talks are in their early stages, and it is unclear what shape the bundle could take, the report added. Apple and Paramount did not immediately respond to Reuters requests for comment.

Persons: Dado Ruvic, Chavi Mehta, Pooja Desai Organizations: REUTERS, Paramount Global, Wall Street, Paramount, Apple, Thomson Locations: Bengaluru

☆ 3-Stock Lunch: ULTA, PARA & BTC
▼ + stars: | 2023-12-01 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email3-Stock Lunch: ULTA, PARA & BTCBoris Schlossberg, BK Asset Management, joins ‘Power Lunch’ to discuss three stocks: Ulta Beauty, Paramount and Bitcoin.

Persons: BTC Boris Schlossberg Organizations: BTC, BK Asset Management, Paramount

☆ Brazilian state launches mandatory tracking of cattle to stop deforestation
▼ + stars: | 2023-12-01 | by ( Ana Mano | ) www.reuters.com time to read: +2 min

[1/2] A herd of cattle is seen at the Marupiara ranch in the city of Tailandia in the state of Para, Brazil March 17, 2020. The state government established the program in a decree published on Monday and sets the target of individual tracking of all 24 million cattle in Para by December 2026. Cattle ranching in Brazil is linked to nearly 24% of global annual tropical deforestation and approximately 10% of total global greenhouse gas emissions, the conservancy said. Para has Brazil's second biggest cattle herd behind the west-central state of Mato Grosso, according to government data. "The absence of full traceability in Para undermined their ability to attract legitimate investment into this sector."

Persons: Pilar Olivares, Helder Barbalho, Jack Hurd, Ana Mano, Jake Spring, Jonathan Oatis Organizations: REUTERS, SAO PAULO, Nature Conservancy, conservancy, Para, Integrity, Tropical, Alliance, Thomson Locations: Tailandia, Para, Brazil, Mato Grosso, France, Spain, Norway, COP28

AMZN mountain 2021-01-01 Amazon's stock performance since the start of 2021. CRM mountain 2021-01-01 Salesforce's stock performance since the start of 2021. DHR mountain 2021-01-01 Danaher's stock performance since the start of 2021. DIS mountain 2021-01-01 Disney's stock performance since 2021. SWK mountain 2021-01-01 Stanley Black & Decker's stock performance since the start of 2021.

Persons: It's, Eli Lilly, Salesforce, Bob Iger's, Emerson, Lal Karsanbhai, hasn't, tanked, Laxman Narasimhan, Stanley Black, Decker, –, Jim Cramer's, Jim Cramer, Jim, Michael Nagle Organizations: Federal Reserve, Dow Jones Industrial, Nvidia, Microsoft, Linde, LIN, Broadcom, Web Services, Walt Disney, Paramount, Warner Bros Discovery, Disney, Emerson, Emerson Electric, National Instruments, Google, Honeywell, Honeywell International, Technologies, Solutions, Meta, Reality Labs, Starbucks, Jim Cramer's Charitable, CNBC, Bloomberg, Getty Locations: U.S, Seattle, Danaher's, China

☆ El discurso de odio antisemita y antimusulmán prolifera en internet
▼ + stars: | 2023-11-20 | by ( Sheera Frenkel | Steven Lee Myers | ) www.nytimes.com time to read: 1 min

“Algunos de ellos dicen explícitamente que esta es una oportunidad para regodearse y celebrar el asesinato de judíos en internet”, declaró. “Están intentando atraer público a sus contenidos, y este es un momento de enorme crecimiento para ellos”. Sheera Frenkel es una reportera afincada en la bahía de San Francisco que cubre el impacto de la tecnología en la vida cotidiana, centrándose en las redes sociales, como Facebook, Instagram, Twitter, TikTok, YouTube, Telegram y WhatsApp. Más deSheera FrenkelSteven Lee Myers cubre temas de desinformación para The New York Times. Ha trabajado en Washington, Moscú, Bagdad y Pekín, donde contribuyó a los artículos que ganaron el Premio Pulitzer por servicio público en 2021.

☆ Judge narrows lawsuit over 'South Park' streaming rights
▼ + stars: | 2023-11-14 | by ( Jonathan Stempel | Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | ) www.reuters.com time to read: +2 min

REUTERS/Alyssa Pointer/File Photo Acquire Licensing RightsNEW YORK, Nov 14 (Reuters) - A New York trial judge has narrowed Warner Bros Discovery's lawsuit against Paramount Global (PARA.O) over the rights to stream "South Park," the animated comedy featuring foul-mouthed children. She also dismissed a claim that Paramount failed to act in good faith, because that claim duplicated Warner's breach of contract claim. Warner sued in February, saying Paramount breached the agreement by providing only 14 new episodes, and diverted other new "South Park" content to its Paramount+ streaming service under a $900 million agreement with Parker and Stone. "South Park" was launched in August 1997 on Comedy Central, owned by Paramount. The case is WarnerMedia Direct LLC v Paramount Global et al, New York State Supreme Court, New York County, No.

Persons: Alyssa Pointer, Margaret Chan, Trey Parker, Matt Stone, HBO Max, Warner, Parker, Stone, countersued Warner, Jonathan Stempel, Franklin Paul Organizations: Warner Bros . Discovery Atlanta, REUTERS, Warner Bros, Paramount Global, Paramount, HBO, Comedy Central, New York, Court, Franklin Paul Our, Thomson Locations: Atlanta , Georgia, U.S, York, Manhattan, New, Court , New York County, New York

☆ ‘Es como la Messi mujer’: la gira de Taylor Swift llega a Argentina
▼ + stars: | 2023-11-10 | by ( Jack Nicas | ) www.nytimes.com time to read: +1 min

“Es la que mejor relación tiene con los fans y la que logra toda esta fan manía”, comentó Lucas Forte, de 24 años y miembro de otra carpa que había dormido afuera del estadio durante cinco noches desde septiembre. “Me enteré de que ustedes acamparon para tener un buen lugar”, le dijo el jueves a la multitud. Los organizadores se aseguraron de que las que acamparon fueran las primeras en la fila. “Llegamos allá y me rompí la rodilla” contó Atenas Astuni, de 23 años, integrante de la primera de las carpas, con la voz ronca la mañana del viernes tras el concierto. “Pero estaba hablando con mis amigas de que si me tendría que romper la rodilla de vuelta para que pase exactamente lo mismo que pasó ayer, lo hago de vuelta.

BOGOTA, Nov 9 (Reuters) - Colombia's National Liberation Army (ELN) guerrillas on Thursday freed the father of Liverpool soccer player Luis Diaz, after taking him hostage nearly two weeks ago, the government said. The elder Luis Diaz was snatched on Oct. 28 in Barrancas, a rural municipality where he lives in the northern province of La Guajira. Thank you all, much love to you all," the soccer star's father said after arriving at his home. "CRITICAL SITUATION"[1/5]Luis Manuel Diaz, father of Liverpool player Luis Diaz, waves after he was freed by Colombia's National Liberation Army (ELN), in Valledupar, Colombia November 9, 2023. The ELN said a week ago it would free Diaz, and its top commander said the kidnapping was a mistake.

Persons: Luis Diaz, Luis Manuel Diaz, Player Diaz, Diaz, Luis Diaz's father's, Liverpool, Esteban Vanegas, Mision, ELN, Cilenis Marulanda, Luis Jaime Acosta, Julia Symmes Cobb, Oliver Griffin, Toby Davis, Grant McCool Organizations: National Liberation Army, Liverpool, Libertad, Liverpool's Premier League, Luton Town, Europa League, Toulouse, Colombia's National Liberation Army, REUTERS Acquire, Catholic Church, United Nations, Guerrilla, Reuters, Thomson Locations: BOGOTA, Liverpool, Colombia's, Barrancas, La Guajira, Colombia, England, Papa, France, Valledupar

☆ Big media rallies as tentative actors' deal paves way for restarting productions
▼ + stars: | 2023-11-09 | by ( Samrhitha A | ) www.reuters.com time to read: +2 min

Warner Bros Discovery (WBD.O) and Paramount Global (PARA.O) gained 3% each, Netflix (NFLX.O) rose marginally, while Walt Disney (DIS.N) jumped 4%, as it also benefited from strong earnings and a plan to cut more costs. The writers, who had gone on strike before the actors in spring, returned to work in late September, but most productions remained halted as the actors were on picket lines. "Its certainly a very encouraging sign the chasm that opened up between actors, writers and studios can finally be closed and work begin in earnest on re-starting productions," said Susannah Streeter, head of money and markets at Hargreaves Lansdown. Streeter warned that "it's going to take considerable time before new movies, in particular, will appear on screens given the lengthy post-production process." Reporting by Samrhitha Arunasalam in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

Persons: Alyssa Pointer, Walt Disney, Susannah Streeter, Hargreaves Lansdown, Streeter, Samrhitha, Shinjini Organizations: Warner Bros . Discovery, Writers Guild of America, Alliance of Motion Pictures, Television Producers, REUTERS, Warner Bros Discovery, Paramount Global, Netflix, SAG, Hargreaves, Thomson Locations: Warner Bros . Discovery Atlanta, Atlanta , Georgia, U.S, Hollywood, Bengaluru

☆ What's Warner Bros. Discovery's next move? David Zaslav and John Malone offer clues
▼ + stars: | 2023-11-09 | by ( Alex Sherman | ) www.cnbc.com time to read: +7 min

In this article WBDPARA Follow your favorite stocks CREATE FREE ACCOUNTDavid Zaslav, CEO and president of Warner Bros. Media company valuations have been plummeting amid streaming video losses, traditional TV subscriber defections, and a down advertising market. Warner Bros. Warner Bros. Warner Bros.

Persons: David Zaslav, John Malone, Malone, David Faber, Zaslav, Faber, Bob Bakish, Simon & Schuster, Shari Redstone, David A, Peacock, Brian, Roberts, Puck's Dylan Byers, Warner Organizations: Warner Bros ., Liberty Media, Liberty Global, Qurate Retail Group, CNBC, Reuters Warner Bros, Media, Warner Bros, Discovery, Sirius XM, Sirius, Paramount Global, Paramount, Viacom, CBS, Allen, Co . Media, Technology Conference, Grogan, CNBC Paramount Global, Comcast, U.S, NBC Locations: U.S, Sun Valley , Idaho

A general view shows the water conditions in the Piraiba river before a summit of Amazon rainforest nations, in Belem, Para state, Brazil August 5, 2023. The Amazon jungle is the world's largest rainforest and its protection is seen as vital to curbing climate change. "It's an impressive result and seals Brazil's return to the climate agenda," said Marcio Astrini, head of advocacy group Climate Observatory. Under the right-wing former president, destruction at the hands of ranchers, land speculators and miners surged to a 15 year high. The official annual period is measured from August to July as there is less cloud cover in the middle of the year to obscure deforestation on satellite images.

Persons: Ueslei Marcelino, Luiz Inacio Lula da Silva, Jair Bolsonaro, Bolsonaro, Marcio Astrini, Lula, Peter Frontini, Jake Spring, Kylie Madry, David Gregorio Our Organizations: REUTERS, SAO PAULO, Thomson Locations: Belem , Para, Brazil

☆ S&P 500, Nasdaq barely extend win streaks as investors eye yields, Fed comments
▼ + stars: | 2023-11-08 | by ( Chuck Mikolajczak | ) www.reuters.com time to read: +4 min

That drop has helped fuel a stock rally that has given the S&P 500 (.SPX) and the Nasdaq (.IXIC) their longest streak of gains in two years through Wednesday's close at eight and nine sessions, respectively. Still, comments from several central bank officials over the past few days left the door open for additional hikes, causing some uncertainty among investors. The Dow Jones Industrial Average (.DJI) fell 40.33 points, or 0.12%, to 34,112.27; the S&P 500 (.SPX) gained 4.40 points, or 0.10 %, at 4,382.78; and the Nasdaq Composite (.IXIC) added 10.56 points, or 0.08 %, at 13,650.41. Declining issues outnumbered advancers by a 1.3-to-1 ratio on the NYSE while on the Nasdaq declining issues outnumbered advancers by a 1.7-to-1 ratio on the Nasdaq. The S&P 500 posted 17 new 52-week highs and eight new lows while the Nasdaq recorded 53 new highs and 206 new lows.

Persons: Eli Lilly, Dow, we're, Jason Ware, Brendan McDermid, Jerome Powell, Chuck Mikolajczak, Richard Chang Organizations: Warner Bros, Nasdaq, Federal, Treasury, Albion Financial, Dow Jones, New York Stock Exchange, REUTERS, U.S . Food, Drug Administration, Warner Bros Discovery, Paramount Global, Thomson Locations: New York City, U.S

☆ Wall St little changed as investors eye yields, Fed comments
▼ + stars: | 2023-11-08 | by ( Chuck Mikolajczak | ) www.reuters.com time to read: +3 min

A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023. U.S. Treasury yields have retreated sharply from their recent highs. That drop has helped fuel a rally in stocks, sending the S&P 500 (.SPX) and the Nasdaq (.IXIC) to their longest streak of gains in two years through Tuesday's close. Still, comments from several central bank officials over the past few days left the door open for additional hikes, causing some uncertainty among investors. The S&P 500 posted 15 new 52-week highs and five new lows while the Nasdaq recorded 52 new highs and 173 new lows.

Persons: Brendan McDermid, we're, Jason Ware, Jerome Powell, Chuck Mikolajczak, Richard Chang Organizations: New York Stock Exchange, REUTERS, Warner Bros, Dow, Nasdaq, Federal, Treasury, Fed, Albion Financial, Dow Jones, Warner Bros Discovery, Paramount Global, Tech, Thomson Locations: New York City, U.S, Tuesday's

UBS lowered its rating on Albemarle to neutral from buy, slashing its price target by more than 40%. Analyst Matthew Hedberg initiated coverage of the data stock at an outperform rating with a $22 target price for shares. Hedberg's price target implies shares could climb 23.9% over the next year from Friday's close. In addition to the downgrade, analyst Jessica Reif Ehrlich slashed her price target on the stock to $9 from $32. Analyst Joshua Spector downgraded the stock to neutral from buy and slashed his price target to $140 from $253.

Persons: Ferrari, Matthew Hedberg, Hedberg, Alex Harring, Jason Bazinet, Bazinet, — Alex Harring, Jefferies, Brent Thill, Thill, Jessica Reif Ehrlich, Reif, Vivek Arya, Arya, Nicholas Campanella, Campanella, " Campanella, Banks, Goldman Sachs, Citi's Paul Lejuez, Baird, Mark Altschwager, Morgan Stanley, Edouard Aubin, Aubin, there's, Henning Cosman, Cosman, Joshua Spector, Spector Organizations: CNBC, UBS, Barclays, Bank of America, Nvidia, RBC, RBC Capital Markets, Citi, Disney, Jefferies, Paramount, Paramount Global, Dominion Energy, Dominion, Wall, JPMorgan, Ferrari, U.S, UBS downgrades Locations: Albemarle, Friday's, China, Birkenstock

☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Amazon, BJ's, Ferrari, Disney, Birkenstock & more
▼ + stars: | 2023-11-06 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Monday's biggest calls on Wall Street: KBW upgrades Bank of America to market perform from underperform KBW upgraded the banking giant with long-term rates declining. Bank of America downgrades Paramount to underperform from buy Bank of America said the backdrop is too challenging for the media stock. Bank of America reiterates Nvidia as buy Bank of America said it's bullish on the stock heading into earnings later this month. Goldman Sachs initiates Birkenstock as buy Goldman initiated the shoe company with a buy and said Birkenstock shares are compelling. Bank of America reiterates Apple as neutral Bank of America said it's sticking with its neutral rating on shares of Apple .

Persons: KBW, Mizuho, it's, BILI, Lee jeans, it's bullish, Goldman Sachs, Goldman, EBITDA, Raymond James downgrades Bloomin, Raymond James Organizations: Bank of America, Underperform, Corp, Deutsche Bank, Deutsche, Mizuho, TAM, UBS, Amazon, Citi, Disney, " Bank of America, Paramount, Barclays, Nvidia, AMD, Dominion, Biotech, JPMorgan, HSBC, RBC, Apple, of America Locations: China, FY24E, CLX, Russia, Ukraine

☆ Luiz Díaz begs for release of kidnapped father after scoring stoppage-time equalizer for Liverpool
▼ + stars: | 2023-11-06 | by ( Manav Tanneeru | George Ramsay | ) edition.cnn.com time to read: +2 min

CNN —Liverpool player Luis Díaz has pleaded for his kidnapped father to be released back to his family in Colombia. Díaz made the appeal hours after coming on as a substitute and scoring a late equalizer during Liverpool’s 1-1 draw against Luton Town on Sunday. I beg that they [the ELN] release him immediately, respecting his integrity and ending this painful wait as soon as possible. A major police and military search operation for Díaz’s father is ongoing. The 26-year-old forward traveled back to Colombia after his parents’ kidnapping and returned to the UK ahead of Liverpool’s game against Luton.

Persons: Luis Díaz, Díaz, Luis Manuel Díaz, “, ” Díaz, Lismari Machado, Cilenis Marulanda, Harvey Elliott’s, ”, Jürgen Klopp, Klopp, Clive Rose, ” Tahith Chong Organizations: CNN, Liverpool, Luton Town, National Liberation Army, Premier League, AFP, Getty, Luton, Kenilworth, Díaz’s Locations: Colombia, Colombian, Barrancas, Colombia’s, La Guajira

☆ Despite kidnap agony, Diaz makes the difference for Liverpool
▼ + stars: | 2023-11-05 | by ( ) www.reuters.com time to read: +1 min

LUTON, England, Nov 5 (Reuters) - Liverpool's usually effervescent Colombian striker Luis Diaz looked solemn as he sat on the substitutes' bench during his side's Premier League game at Luton on Sunday. Rather, Diaz lifted up his shirt to revel a white undertop with words in black: "Libertad Para Papa" (Freedom For Dad). "We're supporting him and feeling his pain -- but for him it's a different level," said Liverpool goalkeeper Alisson. Colombia's National Liberation Army (ELN) guerrillas have said they will release Luis Manuel Diaz, as they did Diaz's mother. He scored the goal but we need to see some improvement in Colombia."

Persons: Luis Diaz, Juergen, Rather, Diaz, revel, Alisson, Luis Manuel Diaz, Klopp, Andrew Cawthorne, Clare Fallon Organizations: Premier League, Luton, Liverpool, Colombia's National Liberation Army, Thomson Locations: LUTON, England, Colombian, Sunday, Papa, Colombia

Luis Diaz lifted his Liverpool jersey to reveal a T-shirt with the words “Libertad Para Papa” (“Freedom for Papa”) after scoring a late equalizer Sunday in his first appearance for the team since his parents were kidnapped in his native Colombia. Diaz returned to training on Thursday after missing two Liverpool games and said he was ready to play against Luton, with manager Jurgen Klopp selecting him on the bench. "That’s it, for us a super important goal and for him very important and emotional.”Klopp said before the game that “positive” negotiations were taking place about the release of Diaz's father. Tahith Chong looked like being the match-winner for Luton, converting a finish at the end of an 80th-minute counterattack that came after a Liverpool corner. “We pushed a top, top team all the way and we can take a lot of confidence from that.

Persons: Luis Diaz, Papa ”, Diaz, Jurgen Klopp, Harvey Elliott’s, ” Klopp, Klopp, Tahith Chong, ”, Rob Edwards, “, Emi Martinez, Aston Villa, Martinez, Orel Mangala’s, Ola Aina, Unai, Steve Douglas Organizations: Liverpool, Luton, Premier League, National Liberation Army, League's, Luton's, ” Luton, Nottingham Forest, Forest, Villa Locations: Papa, Colombia, Barrancas, Liverpool, Argentina

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