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☆ American Eagle sues Amazon over alleged 'knock-offs' of Aerie products
▼ + stars: | 2024-09-25 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +3 min

A shopper searching for Aerie products on Google will see sponsored and organic links to Amazon's website, the lawsuit says. Clicking on a link leads to an Amazon webpage that "displays only knock-offs and 'dupes'" of Aerie products, including sweatshirts and exercise shorts, American Eagle alleges. "These statements are patently false because customers cannot shop for Aerie products on Amazon." Many of the alleged Aerie knock-offs referenced in the lawsuit are sold by third-party sellers on Amazon's online marketplace. American Eagle is seeking an injunction and financial damages based on Amazon's alleged trademark infringement.

Persons: Arie, It's, Birkenstock, didn't Organizations: Eagle Outfitters, Amazon, Eagle, Southern, of, of New York ., Google, Daimler AG, Mercedes, Benz, counterfeiters Locations: U.S, of New York

☆ Italy opens greenwashing probe into Shein website
▼ + stars: | 2024-09-25 | by ( ) www.cnbc.com time to read: +1 min

GERMANY - 2024/08/16: In this photo illustration, a smartphone with the website of fashion e-commerce company Shein is seen in front of business logo. (Photo Illustration by Timon Schneider/SOPA Images/LightRocket via Getty Images)Italy's antitrust agency has launched an investigation into a Dublin-based company that operates Shein's website and app over possibly misleading environmental claims made on the fast-fashion retailer's website. Shein said it was "ready to cooperate openly with relevant Italian authorities, providing the necessary support and information to address any inquiries". The probe is the latest in a string of investigations by regulators across Europe into potentially misleading environmental claims by companies, as new European Union regulation seeks to crack down on greenwashing. It also said that Shein's website appeared to emphasize a commitment to decarbonization which seems to be contradicted by the increase in greenhouse gas emissions shown in Shein's sustainability reports for 2022 and 2023.

Persons: Timon Schneider, Shein's, Shein Organizations: Getty, Union Locations: GERMANY, Dublin, Europe

☆ PVH Corp: China threatens sanctions on Calvin Klein owner over Xinjiang cotton boycott
▼ + stars: | 2024-09-25 | by ( Juliana Liu | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Beijing says it’s investigating fashion retailer PVH Corp, the owner of Calvin Klein and Tommy Hilfiger, for refusing to source cotton from the Xinjiang region, in a move that could lead to sanctions on an American company with major business interests in China. The ministry said in a statement that New York-based PVH (PVH) is suspected of “violating normal market transaction principles” by boycotting cotton sourced from China’s far western region of Xinjiang. Being banned by China would deal a big blow to PVH, which, like other global fashion firms, sources extensively in the country. Western apparel brands have faced pressure in China over their position on Xinjiang cotton before. In March 2021, Swedish multinational H&M was pulled from major e-commerce stores in China and blocked by several major navigation, review and rating apps.

Persons: Hong Kong CNN —, Calvin Klein, Tommy Hilfiger, Biden, PVH, “, Joe Biden, …, ” Organizations: Hong Kong CNN, Hong Kong CNN — Beijing, PVH Corp, Commerce Ministry, CNN, Chinese Ministry of Commerce, US, State Department Locations: China, Hong Kong, Xinjiang, United States, York, “, Swedish

☆ Why moves by Amazon and comments by Jamie Dimon don’t threaten an end to remote work benefits
▼ + stars: | 2024-09-25 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +4 min

But for two key reasons, these kinds of public proclamations don’t signal a broader demise of remote work benefits. Flex work options are too popular to ditchWhile an individual company may decide to backtrack on its remote work policies, the numbers suggest that’s not happening widely. Workplace consulting firm Gallup found in May that among full-time employees in remote-capable jobs, 53% work a hybrid schedule, 27% work exclusively remotely and 21% work on site. As of August 31, job postings on Indeed.com that specify hybrid and remote work have dipped a half percentage point year over year. It also found that HR leaders say hybrid work models help attract and retain talent.

Persons: Jamie Dimon, Andy Jassy’s, Jassy, ”, ’ ”, Chris Williams, “, ” Williams, Gallup, Nick Bunker, it’s, Williams Organizations: CNN, JPMorgan Chase, Microsoft, Board Locations: “, Seattle

☆ An ex-Twitter employee won a legal battle over unpaid severance. Experts say it could spark more claims.
▼ + stars: | 2024-09-25 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +5 min

Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewA former Twitter employee's victory in a legal dispute over unpaid severance could prompt more ex-staff to pursue cases against the social media company, legal experts have said. AdvertisementThe ex-Twitter worker's win is the first of what experts say could lead to many more similar resolutions. X and Musk are also facing a lawsuit over severance terms from 100 former Twitter workers who were fired in 2022. Related storiesBloom said they are still aggressively pursuing their cases and have scheduled individual arbitration hearings for each of the clients.

Persons: —, Elon, Elon Musk, Shannon Liss, Riordan, Jamie E, Wright, Russel Morgan, Morgan, Lisa Bloom, Musk, Bloom, Gary Rooney, Rooney, Liss Organizations: Service, Twitter, Bloomberg, Business, Elon, The Wright Law, Morgan Legal, Northern District of, Workplace Relations Locations: Elon Musk's, Northern District, Northern District of California

☆ Stocks making the biggest moves premarket: KB Home, Hewlett Packard Enterprises, General Motors and more
▼ + stars: | 2024-09-25 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Rithm Capital – The real estate investing stock more than 4% after announcing a secondary offering of 30 million shares. Hewlett Packard Enterprise – The technology stock added almost 3% on the back of a Barclays upgrade to overweight from equal weight. General Motors , Ford Motor – The auto stocks fell following downgrades from Morgan Stanley's Adam Jonas due to rising China competition and a weakening U.S. consumer. The analyst downgraded Ford Motor to equal weight from overweight, while General Motors was lowered to underweight from equal weight. Shares of General Motors and Ford fell roughly 3% and 2%, respectively.

Persons: FactSet, Bilibili –, Rithm, Hewlett Packard, Morgan Stanley's Adam Jonas, —, Alex Harring, Sarah Min, Lisa Kailai Han Organizations: JPMorgan, Hewlett Packard Enterprise, Barclays, Hewlett, Worthington Enterprises, General Motors, Ford, Ford Motor, General Locations: China's, U.S, China

☆ DoorDash is trying a new way of making deliveries — and it doesn't involve gig workers
▼ + stars: | 2024-09-25 | by ( Alex Bitter | ) www.businessinsider.com time to read: +5 min

The delivery service is working with at least two local delivery providers, one in Austin, Texas, and another in Fresno, California, through its Local Commerce Service Partner Program. That's a big change from the gig workers that DoorDash and other delivery services have largely built their businesses on. Uber, Lyft, Instacart, and other delivery companies have also relied on gig workers to build their businesses, leading millions of people in the US into the gig economy. Gig workers lack many of the benefits and legal protections that employees get. The amount delivery services pay gig workers has been going up in some cities, too.

Persons: —, DoorDash Organizations: Service, Local Commerce, Business, Fresno Logistics, UC Berkeley Locations: Austin , Texas, Fresno , California, Fresno, Fresno , CA, Austin, New York City, Seattle

☆ Mira Murati, OpenAI’s technology chief, becomes the latest exec to leave the company
▼ + stars: | 2024-09-25 | by ( Clare Duffy | ) edition.cnn.com time to read: +3 min

New York CNN —OpenAI Chief Technology Officer Mira Murati — who has been instrumental in the development of ChatGPT and the artificial intelligence image generator Dall-E — said Wednesday she is leaving the company. “My six-and-a-half years with the OpenAI team have been an extraordinary privilege,” Murati said in a note to the OpenAI team, which she posted to X. Fellow OpenAI co-founder John Schulman exited in August to join rival Anthropic. Murati joined OpenAI’s leadership team in 2018 after working at augmented reality company Ultraleap (then called Leap Motion) and Tesla. During the debacle, Murati joined more than 500 fellow OpenAI employees in threatening to quit if Altman was not brought back to the company.

Persons: Mira Murati —, —, “, ” Murati, “ There’s, shakeup, OpenAI, Ilya Sutskever, John Schulman, Greg Brockman, Murati, Sam Altman, Altman, Mira, ”, ” Altman Organizations: New, New York CNN, OpenAI, Bloomberg, OpenAI’s, Tesla, o1 Locations: New York, Silicon Valley

Connexus Personal Loan OverviewYou can use a Connexus personal loan to consolidate credit card debt, cover unexpected expenses, make home repairs, and more. Compare Personal Loan RatesConnexus Personal Loan Rates and TermsLoan Amounts and TermsConnexus offers personal loans with amounts ranging between $1,000 and $50,000, and loan terms starting at 24 months and going up to 84 months. Connexus Personal Loan AlternativesConnexus Credit Union Personal Loan vs. Navy Federal Credit Union Personal LoanNavy Federal has more stringent membership requirements than Connexus, as you're only eligible if you are active military member or a veteran, as well as an employee or retiree of the Department of Defense. Navy Federal Personal Loan ReviewConnexus Credit Union Personal Loan vs. PenFed Credit Union Personal LoanConnexus's personal loans also have higher minimum and maximum amounts than personal loans from PenFed. Connexus Personal Loan FAQsWhat credit score do I need for a Connexus personal loan?

Persons: You'll, Fiona, Insider’s, Connexus, PenFed, you've, doesn't, Ryan Wangman, Read, Elias Shaya, Elias, Potters Rebecca Potters, Rebecca Organizations: Credit, Connexus, Digital Banking, BBB, Nationwide, Connexus Credit Union, Federal, Social, . Navy Federal Credit, Loan Navy Federal, Department of Defense, Navy Federal Credit Union, Navy, PenFed, Connexus Association, Credit Union, Better, Bureau, Chevron, Finance, Northwestern University, Boston Globe, Business, Banking Savings, McGill University Locations: Chevron, New York City

☆ Surging AI demand could cause the world's next chip shortage, report says
▼ + stars: | 2024-09-25 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

The last major semiconductor shortage happened during the Covid-19 pandemic amid supply chain disruption and a rise in demand for consumer electronics as people were forced to stay and work at home. These are often referred to as AI-enabled devices and companies from Samsung to Microsoft have released such products. Bain said demand for GPUs and AI consumer electronics could be the cause of a chip shortage. Bain & Company noted that the semiconductor supply chain is "incredibly complex, and a demand increase of about 20% or more has a high likelihood of upsetting the equilibrium and causing a chip shortage." "The AI explosion across the confluence of the large end markets could easily surpass that threshold, creating vulnerable chokepoints throughout the supply chain," the report added.

Persons: Bain, Anne Hoecker Organizations: Bain & Company, Technology, Nvidia, Qualcomm, Samsung, Microsoft, CNBC Locations: Americas

☆ There's a reason Diddy's famous friends have stayed silent amid his arrest. PR experts say it's the best strategy.
▼ + stars: | 2024-09-25 | by ( Callie Ahlgrim | Jacob Shamsian | ) www.businessinsider.com time to read: +11 min

But Diddy's empire began to crumble when Ventura sued Combs last year, accusing him of rape and abuse. Last week, Combs was arrested and indicted on racketeering and sex trafficking charges by federal prosecutors in Manhattan. AdvertisementSean "Diddy" Combs depicted in a courtroom sketch from September 17, 2024. Jane Rosenberg/ReutersAs discussions and theories have swirled around Combs' felony counts, his famous friends, colleagues, and labelmates have also become sources of speculation. However, according to Evan Nierman, CEO of the crisis PR firm Red Banyan , that silence is almost certainly strategic.

Persons: —, Sean, Diddy, Combs, Jennifer Lopez, Cassie Ventura, Jay, Naomi Campbell, Justin Bieber, Mary J, Blige, John Legend, Mark Wahlberg, Prince Harry, Ventura, Jane Rosenberg, There's, Damian Williams, Ricky Vigil, Justin E Palmer, Evan Nierman, Nierman, Sean Combs, they'd, disavow Combs, Chris Brown, Jeff Kravitz, Eric Schiffer, he'd, Schiffer, " Schiffer, Usher, WireImage Usher, Streisand Organizations: Service, Metropolitan Detention Center, Hollywood, Business, Prosecutors, Diddy, Management, Ventura Locations: New York's, Manhattan, Combs, publicists

☆ Here are Wednesday's biggest analyst calls: Apple, Tesla, Disney, Ford, General Motors, Duolingo, Roblox, Alphabet & more
▼ + stars: | 2024-09-25 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Wells Fargo upgrades Baker Hughes to overweight from equal weight Wells says it likes the oil service company's business model. Morgan Stanley upgrades AutoNation to overweight from equal weight Morgan Stanley says AutoNation is well positioned in a bumpy macroeconomic environment. Morgan Stanley reiterates Apple as overweight Morgan Stanley says it's remaining cautious after checks of iPhone 16 demand for Apple. Morgan Stanley downgrades Ford to equal weight from overweight and General Motors to underweight from equal weight Morgan Stanley downgraded several automakers on Wednesday and said it's concerned about market share losses. Morgan Stanley reiterates Nike as equal weight Morgan Stanley raised its price target on Nike to $82 per share from $79 ahead of earnings on October 1.

Persons: Wolfe, Sallie Mae, it's bullish, Wells, Baker Hughes, Piper Sandler, Tesla, Piper, Morgan Stanley, AutoNation, Mike Manley, Duolingo, MARA, CORZ, Piper Sandler downgrades Tyson, it's, Oppenheimer, GOOG's, Baird, Locker Baird, Apple, TD Cowen downgrades Expedia, Cowen, Goldman Sachs, Goldman, Morgan Stanley downgrades Ford, Roblox Organizations: APO, Bank of America, Macquarie, Tyson Foods, Barclays, Hewlett Packard Enterprise, DOJ, Google, Foot, Apple, ISI downgrades, Pacific, Evercore, UNP, Disney, JPMorgan, Oil & Gas, Petrobras, Motors, GM, Citi, Investors, Nike Locations: CLSK, Foot Locker, Mexico, China, Fortnite

☆ Many 988 callers will now get help based on where they are, not their phone’s area code
▼ + stars: | 2024-09-25 | by ( Deidre Mcphillips | ) edition.cnn.com time to read: +4 min

Before this change, 988 callers were routed to a call center based on their area code rather than physical location. Next month, the Federal Communications Commission will vote on a rule that would require all wireless carriers in the US to implement georouting for 988 calls. “In times of crisis, every minute matters – especially when seeking help for yourself or a loved one in need of mental health support. The line operates 24 hours a day, seven days a week, and comprises over 200 local crisis centers across the country. “No more 988 calls and messages will be needlessly sent to crisis centers hundreds of miles away,” Rosenworcel said.

Persons: “, ” Miriam E, Jessica Rosenworcel, SAMHSA, Dr, Sanjay Gupta, Rosenworcel, ” Rosenworcel, “ I’m, ” CNN’s Jacqueline Howard, Mira Cheng Organizations: CNN, US Department of Health, Human Services, Federal, Mental Health Services Administration, Verizon, Mobile, Federal Communications Commission, Lifeline, Prevention, CNN Health, National Alliance, Mental, FCC, HHS Locations: Los Angeles, New York

☆ Justice Department accuses Visa of debit network monopoly that affects price of ‘nearly everything’
▼ + stars: | 2024-09-24 | by ( Hugh Son | ) www.nbcnews.com time to read: +2 min

The U.S. Justice Department on Tuesday sued Visa, the world’s biggest payments network, saying it propped up an illegal monopoly over debit payments by imposing “exclusionary” agreements on partners and smothering upstart firms. “Merchants and banks pass along those costs to consumers, either by raising prices or reducing quality or service,” Garland said. They are essentially toll collectors, shuffling payments between the merchants’ banks and cardholders. ″Visa wields its dominance, enormous scale, and centrality to the debit ecosystem to impose a web of exclusionary agreements on merchants and banks,” the DOJ said in its release. “These agreements penalize Visa’s customers who route transactions to a different debit network or alternative payment system.”This is a developing story.

Persons: monopolization, “, General Merrick Garland, ” Garland Organizations: U.S . Justice, Visa, DOJ, “, MasterCard, fintech, Plaid, Mastercard Locations: New York, U.S

☆ Ryan Murphy defends Menendez brothers Netflix series after Erik Menendez blasts it as 'blatant lies'
▼ + stars: | 2024-09-24 | by ( Marlene Lenthang | Marlene Lenthang Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +3 min

Ryan Murphy, the creator of “Monsters: The Lyle and Erik Menendez Story,” is defending the new Netflix series after it was harshly criticized by one of the brothers. Erik Menendez slammed the series, released Sept. 19 on Netflix, as "blatant lies" and called the portrayal of his brother Lyle "ruinous" in a statement from prison released by his wife. Brothers Joseph “Lyle” Menendez, now 56, and Erik Menendez, now 53, were convicted in their parents' murders in 1996 after two trials, and sentenced to life in prison without parole. Ryan Murphy on Monday responded to the backlash from Erik Menendez, telling E! In his Sept. 19 statement, Erik Menendez said: “I believed we had moved beyond the lies and ruinous character portrayals of Lyle, creating a caricature of Lyle rooted in horrible and blatant lies rampant in the show.

Persons: Ryan Murphy, Lyle, Erik Menendez, ”, Jose, Kitty Menendez, Brothers Joseph “ Lyle ” Menendez, hasn’t, Cooper Koch, ” Murphy, Jeffrey Dahmer, “, who’s, that’s, ” Erik Menendez, Lyle Menendez, Vince Bucci, Erik, he's, “ I’m, ‘, ’ ” Organizations: Netflix, Beverly Hills, Getty, Prosecutors Locations: Beverly, California, Los Angeles, AFP

SHENZHEN, China — Chinese vendor Yin Xinwei sometimes makes close to $1,400 a day selling low-priced pill boxes, barbecue spits and other items to U.S. online consumers. Each year hundreds of millions of packages, mostly from Chinese platforms, are sent directly to American consumers eager to take advantage of rock-bottom prices on clothing, electronics and other products. That could mean painful times ahead for the Chinese sellers that supply the platforms — and higher prices for American consumers. Chinese state media has criticized the proposal as protectionist and say it will hurt American consumers. Yin used to sell to Chinese consumers but has given up his domestic business to focus entirely on the overseas market.

Persons: Yin, ”, ” Yin, David Townsend, Dorsey, Trump, Biden, ” Townsend, Temu, “, Jacky Lu, Shein, Eunice Yoon, Jennifer Jett Organizations: CNBC, Whitney, PDD Holdings, White, U.S . Customs, U.S Locations: SHENZHEN, China, Shenzhen, United States, U.S, Singapore, Boston, Hong Kong, Europe, “

☆ Muğla: A beautiful but overlooked corner of the Mediterranean
▼ + stars: | 2024-09-24 | by ( Richard Quest | Joe Minihane | ) edition.cnn.com time to read: +7 min

Situated in the destination’s stunning southwest, it’s a region that, beyond a few hot spot destinations like Bodrum, is sometimes overlooked by international visitors. An artist’s viewThe best place to start is the sunny seaside town of Göcek, located between Fethiye and Dalyan. ‘The good life’Tourists flock to Dalyan's mud baths to rejuvenate their skin. And that’s where Dalyan’s mud baths come in. The endless views, the blues of the sea and the whites of the beaches help make it a magnificent experience.

Persons: it’s, Dilara Akay, ” Akay, “, ”, Kenan Olgun, Kate Clow, Alexander the Great, Clow, shirk, ‘, Murad Sezer, Sergey Alimov, King Miletus, Byblis, Caunus, Ali Riza Akkir, I’ve, Ertas Organizations: CNN, Bodrum’s, Akay, “, Tourists, Reuters, Anadolu Agency, Getty Locations: Muğla Province, it’s, Turkey, Göcek, Fethiye, Muğla, Aegean, Egypt, Hammam, Antalya, Lycia, “ Turkey, France, Spain, ‘ Turkey, Rivers, Kaunos

☆ U.S. to send troops to be ready to help evacuate U.S. citizens from Lebanon
▼ + stars: | 2024-09-24 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Courtney-Kube-Circle-Byline-Template.Jpg | Courtney Kube | ) www.nbcnews.com time to read: +5 min

On Monday, Israel dramatically expanded its aerial assaults on Lebanon with airstrikes that killed nearly 500 people and wounded more than 1,600. Israeli Prime Minister Benjamin Netanyahu’s government has warned of coming military strikes, but Israeli officials have not told U.S. officials whether or when a ground offensive could begin, the three defense officials said. The officials estimate a large offensive into southern Lebanon would take thousands more troops and armored vehicles, in addition to forces to hold any territory. In addition to tens of thousands of U.S. troops in the region, the Biden administration is considering options to send other military assets to the region. The conflict between Israel and Hezbollah could dash already dwindling hopes for a cease-fire deal and hostage exchange with Hamas.

Persons: Pat Ryder, “, Mahmoud Zayyat, Biden, Israel ratcheted, Benjamin Netanyahu’s, Harry S, Truman, Abraham Lincoln, Joe Biden, Assembly’s, Netanyahu Organizations: Defense Department, Hezbollah, Hamas, Pentagon, Getty Images Biden, Israeli, U.S, United Nations, Assembly Locations: Israel, Lebanon, U.S, Lebanese, Zaita, AFP, Gaza, Norfolk , Virginia, Europe, New York

☆ I'm a Walmart store manager in Texas. This is what my typical day looks like.
▼ + stars: | 2024-09-24 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +7 min

Read previewThis as-told-to essay is based on a conversation with Robert Doyle, a Walmart store manager in Cibolo, Texas. As a store manager, each day is a little different, but the process is the same. At about 8 o'clock I'll start working with my morning management team, which includes a few coaches and some team leads. The technology is growing so fast and it changes day to day to day, and we're working to stay on top of it. I like to present my store as the best store in town — whatever competitor I have, I've got the best store.

Persons: —, Robert Doyle, I've, There's, that's, We've, Dominick Organizations: Service, Walmart, Business, Home Office Locations: Cibolo , Texas, DeLand , Florida, Germany, Florida, Illinois, North Carolina, Pennsylvania, Texas

☆ Stocks making the biggest moves premarket: Visa, Starbucks, Salesforce, Lowe's and more
▼ + stars: | 2024-09-24 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Starbucks — The coffee house chain moved 1.6% lower after Jefferies downgraded the stock to underperform from hold and cut its price target. BioNTech — U.S.-listed shares of the German biotechnology company rose 2.7% on the heels of a Morgan Stanley upgrade to overweight from equal weight. Pinterest — The image sharing company rose more than 1% after Oppenheimer initiated coverage of the stock with an outperform rating. GE Vernova — Shares gained nearly 1% after Guggenheim initiated coverage of GE Vernova with a buy rating, saying that it is "still in the early stages of a multi-year improvement in profitability." Analyst Joseph Osha's $300 price target implies a roughly 19% increase from Monday's closing price for the stock.

Persons: Jefferies, Piper Sandler, Lowe's, Oppenheimer, Morgan Stanley, BioNTech, Joseph Osha's, —, Sarah Min, Michelle Fox, Pia Singh, Sean Conlon, Jesse Pound, Fred Imbert Organizations: Thor Industries, Arlo Technologies, Visa, Bloomberg, Justice Department, Citi, Mastercard, Federal Reserve, GE, Guggenheim Locations: U.S, China, —

☆ Meet the Latin American e-commerce platform that's outperforming Amazon this year
▼ + stars: | 2024-09-24 | by ( Kate Rooney | ) www.cnbc.com time to read: +4 min

One of the world's largest e-commerce companies is emerging as a top pick on Wall Street as investors look for tech opportunities beyond the Magnificent Seven. "There was no venture capital for Latin America. Last year, venture-backed companies in Latin America raised $3.3 billion across nearly 1,000 deals, according to PitchBook. E-commerce and online payments are steadily growing, and Latin America has a young, mobile-savvy population of more than 600 million people. "When you look at the penetration of e-commerce in Latin America, it's still quite low compared to the U.S., Europe or Asia," Galperin told CNBC.

Persons: Marcos Gaplerin, Brad Gerstner, Gerstner, CNBC's Scott Wapner, Goldman Sachs, It's, Buenos Aires Galperin, Galperin, MercadoLibre, We've, it's Organizations: Nasdaq, Wall Street, Stanford Graduate School of Business, CNBC, Stanford, eBay Locations: Delaware, Brazil, Argentina, Mexico, Chile, South America, Mercado Pago, Buenos Aires, Palo Alto , California, California, America, Silicon Valley, New York, Sand, West, Latin America, U.S, Europe, Asia

☆ MercadoLibre: Argentinian e-commerce giant outperforms mega-cap tech
▼ + stars: | 2024-09-24 | by ( Kate Rooney | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMercadoLibre: Argentinian e-commerce giant outperforms mega-cap techMercadoLibre, the Argentinian e-commerce giant, is emerging as a top pick on Wall Street as investors look for tech opportunities beyond the Magnificent Seven. Kate Rooney breaks down the bull case.

Persons: Kate Rooney

Piper Sandler upgraded shares of Salesforce to overweight, with its new price target implying upside of more than 20%. Helfstein placed a $45 price target on shares, implying about 48% upside from Monday's close. Along with the downgrade, Low reduced the firm's oil price target to $75 from $80 a barrel. — Samantha Subin 6:02 a.m.: Jefferies downgrades Starbucks to underperform Jefferies is bracing for more troubles ahead for shares of Starbucks . SBUX mountain 2024-06-28 SBUX in Q3 — Samantha Subin 5:45 a.m.: Piper Sandler upgrades Salesforce Piper Sandler is turning more bullish on shares of Salesforce .

Persons: Piper Sandler, Lowe's, Oppenheimer, Jason Helfstein, Pinterest, Helfstein, — Samantha Subin, Jefferies, Keith Devas, Samantha Subin, Peter Low, underperform Jefferies, Andy Barish, Barish, they've, Salesforce Piper Sandler, Brent Bracelin, Bracelin, Brian Nagel, Nagel, it's, Fred Imbert Organizations: CNBC, Oppenheimer, Amazon, Google, Kenvue, Atlantic, Exxon Mobil, BP, Starbucks, U.S, Federal Reserve Locations: China, Salesforce, Monday's

☆ Nvidia leads list of 10-bagger stocks the last five years. But be careful
▼ + stars: | 2024-09-24 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Nvidia is the latest poster child on Wall Street for "10 baggers," stocks that soar in price 10 times. But the AI chipmaker's path to " 10-bagger " status included what is also a typical slump (or two) along the way, according to Trivariate Research. To find the 84 stocks, Parker looked for names with market capitalizations over $2 billion and average daily trading volume of at least $30 million. He then screened for stocks that achieved 10-bagger status, and further culled the list to only those that accomplished the feat in the past 25 years. The chart below contains the names that achieved 10-bagger status most recently, along with information on their drawdowns.

Persons: Morgan Stanley, Adam Parker, Parker, Trivariate, they've, Jensen Huang, Tesla Organizations: Nvidia, Research

☆ Astronomers spot the most massive black hole jets ever observed
▼ + stars: | 2024-09-24 | by ( Ashley Strickland | ) edition.cnn.com time to read: +10 min

CNN —Astronomers have observed a massive pair of jets releasing from a supermassive black hole 7.5 billion light-years from Earth. The megastructure spans 23 million light-years in length, making these black hole jets the largest ever seen, according to new research. Black hole jets can accelerate radiation and particles close to the speed of light, causing them to glow in wavelengths visible to radio telescopes. The massive black hole jets could help answer both. Martijn Oei (pictured), lead author of the new study, and his colleagues will continue their search for massive black hole jets.

Persons: Martijn Oei, ” Oei, Europe’s, Oei, “, Aivin Gast, Gast, LOFAR, “ Aivin, Porphyrion, NASA's, Powell, Nelson, Martin Hardcastle, Sasha Tchekhovskoy, ”, Tchekhovskoy Organizations: CNN —, California Institute of Technology, Astrophysics, University of Oxford, NASA, JPL, Caltech, CNN, Keck, NASA's Goddard, University of Hertfordshire, Northwestern University Locations: India, Hawaii, England

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