DIRS.INFO The most relevant business & tech news

☆ Stocks making the biggest moves midday: Virgin Galactic, iRobot, Cava, SoFi and more
▼ + stars: | 2023-06-16 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

iRobot — The stock surged 19% after U.K. regulators approved Amazon's $1.7 billion acquisition of the Roomba vacuum cleaner maker. Cava Group — Cava Group shares dropped 15% during trading Friday, giving back some of its gains from its massive debut Thursday on the New York Stock Exchange. SoFi Technologies — The financial technology stock dropped more than 8% after both Bank of America and Piper Sandler downgraded it to neutral from buy, citing SoFi's recent run higher. Micron Technology — Shares dipped 1.5% after Micron Technology said a China chip ban could hurt the company. Truist Financial — Shares fell 1.6% after Odeon Capital Group downgraded Truist Financial to hold from buy, according to FactSet.

Persons: Richard Branson, iRobot, Piper Sandler, Refinitiv, Morgan Stanley, Joseph Moore, — CNBC's Michelle Fox, Alex Harring, Yun Li Organizations: Virgin Galactic —, West Pharmaceutical Services, Bank of America, — Cava, New York Stock Exchange, Technologies, Adobe, Nvidia, Devices, Micron Technology, U.S . Securities, Exchange Commission, — Humana, Odeon Capital Locations: China

☆ Here are Friday's biggest analyst calls: SoFi Technologies, AutoZone, Nvidia, Meta and more
▼ + stars: | 2023-06-16 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

Bank of America downgrades SoFi Technologies to neutral from buy The downgrade follows SoFi' s recent rally. Our C$51 Price Target is 39% above the current stock price and we see close to 3:1 upside/downside skew." UBS upgrades AutoZone to buy from neutral Analyst Michael Lasser raised the price target to $2,900 from $2,800. Wells Fargo initiates Neogen Corporation at overweight and $22 price target Wells Fargo said it liked the company's improving margins. Wells Fargo initiates Bio-Rad Laboratories Inc. at overweight and $550 price target Wells said Bio-Rad's valuation is attractive at current levels.

Persons: Jefferies, John Hecht, LendingClub, Morgan Stanley, Mauricio Serna, Aritzia, Michael Lasser, Carvana, it's, Wells, Ph3, Wells Fargo, Piper Sandler, TD Cowen downgrades, LOE, Michael Bloom Organizations: . Bank of America, Technologies, Nvidia, Bank of America, UBS, West Pharmaceutical Services, Stevanato, MorphoSys, Neogen, Rad Laboratories Inc, SoFi Technologies, Health Companies Locations: EBITDA, 4Q23, BLCO

☆ Morgan Stanley says Nvidia is the top pick for artificial intelligence over AMD
▼ + stars: | 2023-06-16 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Nvidia is the way to go to capitalize on the artificial intelligence boom, according to Morgan Stanley. "AMD has been our top pick, and we continue to be bullish on their 2024 AI opportunity; but the top pick designation is meant to highlight near term upside, which is a bigger factor for NVIDIA. NVDA YTD mountain Nvidia shares YTD Nvidia shares are already higher by 191% this year, recently topping a $1 trillion market valuation. The analyst said Nvidia remains the top AI pick for 2023, even as investors cast about for more clear beneficiaries for the trend. Moore wrote.

Persons: Morgan Stanley, Joseph Moore, Moore, — CNBC's Michael Bloom Organizations: Nvidia, Devices, AMD, NVIDIA

☆ Bank of America downgrades SoFi Technologies, says its recent rally has run its course
▼ + stars: | 2023-06-16 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

It's time to step to the sidelines on SoFi Technologies after its recent run-up, Bank of America says. Analyst Mihir Bhatia downgraded SoFi to neutral from buy, saying the optimism around the stock has largely run its course. Investors expect the expiration of the student loan payment moratorium will be a positive for the stock. SOFI 1D mountain SoFi shares 1-day "SoFi Technologies (SOFI) shares are up 100% over the past month vs. a 7% increase in the S & P 500, mainly because the debt deal brought certainty that the Federal Student Loan payment moratorium would end in September," Bhatia said. SoFi shares dropped 6.6% in Friday premarket trading.

Persons: Mihir Bhatia, Bhatia, SoFi, Michael Bloom Organizations: SoFi Technologies, Bank of America, Federal, Loan

The Defense... Read moreSEOUL, June 16 (Reuters) - South Korea has recovered from the sea part of a rocket used in North Korea's failed attempt to launch its first military satellite last month, the Joint Chiefs of Staff said on Friday. The announcement came about two weeks after North Korea unsuccessfully tried to launch its first spy satellite, with the booster and payload plunging into the sea. South Korea began retrieving debris shortly after the launch, and had already recovered smaller parts. Lee Choon-geun, a honorary research fellow at South Korea's Science and Technology Policy Institute, said the newly retrieved object appeared to be a fuel tank. On Friday, the U.S. guided-missile submarine USS Michigan arrived in South Korea for the first time since 2017 for joint special warfare exercises aimed at improving responses to North Korean threats, the South Korean navy said.

Persons: North Korea's, Lee Jong, Lee Choon, Chang Young, Chang, Soo, hyang Choi, Hyonhee Shin, Ed Davies, Gerry Doyle Organizations: South Korean, The Defense, Joint Chiefs, Staff, North, Korea's Defence, South Korea's Science, Technology Policy Institute, Korea Aerospace University, North Korean, Thomson Locations: Korea, South Korea, SEOUL, North, North Korea, United States, Seoul, Washington, Pyongyang, U.S, Michigan

☆ Stocks making the biggest moves before the bell: American Express, Domino's, Coinbase and more
▼ + stars: | 2023-06-15 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Cognyte Software — Shares rose 5.6% in the premarket following the software company's quarterly report. American Express — Shares of the credit card company dipped 2% in premarket trading after Citi warned that credit card spending trends have slowed. Citi opened a negative catalyst watch for American Express, warning that travel and entertainment categories are slowing more sharply than other categories. SoFi — Shares slid 4% after Oppenheimer downgraded the financial technology stock to perform from outperform. Zions Bancorp — The bank stock slid 1.4% in the premarket.

Persons: Cognyte, Wall, Aldeyra, Mizuho, SoFi, Oppenheimer, Janney, —, Sarah Min, Michelle Fox, Jesse Pound Organizations: FactSet, Therapeutics, Citi, American Express, Stifel, Corning, Zions Bancorp, Bancorp Locations: Wednesday's

More stocks left behind in the recent rally are starting to catch up to their peers. The S & P 500 and the Nasdaq Composite have reached their highest levels since April 2022, but that rally has mainly benefited tech stocks. Now, however, more stocks are starting to participate in the rally, including names that took a huge beating last year after the rise in interest rates dented their prospects. The online used car retailer skyrocketed 81% in June through Wednesday, and is higher by almost 400% this year. However, that's changing, with Peloton jumping 11% this year, though the stock remains 45% off its 52-week highs.

Persons: Tesla, Carvana, Russell, Wayfair, Ygal Arounian, Arounian, gymgoers, WeWork Organizations: Nasdaq, Microsoft, Apple, CNBC, Citi, Match, Nordstrom

☆ Stocks making the biggest moves midday: Cava, Domino's Pizza, Kroger, Lennar and more
▼ + stars: | 2023-06-15 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

The Wall Street firm said it believes there will be "significant improvement" in the company's return on invested capital over the next two to three years. Domino's Pizza — The pizza chain gained 6.46% after Stifel upgraded the stock to buy from hold. The Wall Street firm said investors should buy the weakness in Target shares, which are down 15% over the past month. The Wall Street firm said it was bullish long term, but believes the stock price has been seeing appreciation much stronger than experienced in the broader market. The Wall Street firm also boosted its price target to $40 from $36, suggesting upside of more than 20% from Wednesday's close.

Persons: Kroger —, Kroger, Rodney McMullen, Bernstein, Lennar, Oppenheimer, Corning, John Wiley, Mizuho, Patterson, Morgan Stanley, Yun Li, Alex Harring, Jesse Pound, Sarah Min Organizations: New York Stock Exchange, Cava Group, Deutsche Bank, Stifel, —, Technologies, Corning —, Citi, Corning, Management, UTI Energy, Patterson Locations: Wednesday's

☆ North Korea fires two short-range missiles after warning of response to allied drills
▼ + stars: | 2023-06-15 | by ( ) www.reuters.com time to read: +2 min

SEOUL, June 15 (Reuters) - North Korea fired two short-range missiles off its east coast on Thursday, the South Korean military said, less than an hour after Pyongyang warned of an "inevitable" response to military drills staged earlier in the day by South Korean and U.S. troops. The latest action by North Korea came as U.S. President Joe Biden's national security adviser, Jake Sullivan, was in Tokyo for meetings with his Japanese and South Korean counterparts. The government was due to hold a National Security Council meeting, Kyodo news reported separately. North Korea's ballistic missile and nuclear weapons programmes are banned by United Nations Security Council resolutions that have sanctioned the country. South Korea sued North Korea on Wednesday for $35 million in compensation for a liaison office that North Korea blew up in 2020, in a case highlighting the breakdown of ties between the neighbours as the North presses on with its weapons programmes.

Persons: Joe Biden's, Jake Sullivan, Cho Tae, Takeo Akiba, Yoon Suk, Heekyong Yang, Josh Smith, Tim Kelly, John Stonestreet, Alex Richardson, Chizu Organizations: South Korean, Korean, South, National, National Security Council, Kyodo, North Korea's Ministry of National Defence, United Nations, Thomson Locations: SEOUL, North Korea, Pyongyang, U.S, Tokyo, Japan, Hegura, Ishikawa prefecture, South Korea, Korea, Seoul

Exports and factory output in the world's second-largest economy tumbled in May, as looming downturns force the United States and Europe to pare back orders for goods made in China. Some factories closed or are struggling to pay wages or severance for laid-off workers as a result, according to Chinese labour researchers. "We believe that the drop in manufacturing orders and that factory closures will continue," said Aidan Chau, researcher at Hong Kong-based rights group China Labour Bulletin (CLB). Labour unions were central to the Communist Party's proletariat beginnings but play only a marginal role in modern authoritarian China. However, some analysts say factory strikes could become a political headache for the Party.

Persons: pare, Aidan Chau, CLB, Dian, Xin Dian, Zhong Min, Xu Tianchen, Xu, Laurie Chen, Nicoco Chan, Marius Zaharia, Sam Holmes Organizations: China Labour Bulletin, Min, Goods Shenzhen Ltd . Co, Dian Cable Ltd . Co, Reuters, China's Ministry of Public Security, Ministry of Human Resources, Shenzhen, China Federation of Trade Unions, Manufacturers, Workers, Security, Labour, Party, Economist Intelligence Unit, Thomson Locations: BEIJING, United States, Europe, China, Hong Kong, Guangdong province, Shenzhen, Communist, Beijing, Shanghai

☆ Stocks making the biggest moves midday: Logitech, Toyota, UnitedHealth, AMD and more
▼ + stars: | 2023-06-14 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

Logitech — Shares tumbled 12.3% after the company announced president and CEO Bracken Darrell is departing. Toyota — The Japan-based automaker's shares gained 4.5% Wednesday. Lumen Technologies — The telecommunications stock gained 6% during midday trading Wednesday, adding to the 16% advance that was made Tuesday. Earlier in the week, the company announced a new partnership with electric vehicle software charging company ev.energy. Advanced Micro Devices — The chip stock gained nearly 2% in midday trading, a day after the company announced its latest artificial intelligence chips.

Persons: Bracken Darrell, UnitedHealth — UnitedHealth, John Franklin Rex, Akio Toyoda, Lumen, Roth MKM, Goldman Sachs, Bernstein, Bud, Raymond James, Buster's, Cinemark, Riley, Li Auto, Morgan Stanley, Wolfe, it's bullish, Gordon Haskett, SVB, — SoFi, Estée Lauder —, — CNBC's Michelle Fox, Yun Li, Sarah Min, Hakyung Kim Organizations: Logitech, Swiss Federal Institute of Technology of, Citi, Goldman, Global Healthcare, Toyota, Lumen Technologies, Google, Microsoft, Maxeon, Technologies, Reuters, Services, AMD, Anheuser, Busch InBev —, Netflix, Wolfe Research, Barclays, SVB Securities, Berenberg Locations: Swiss Federal Institute of Technology of Lausanne, Lausanne, Switzerland, Japan, Latin America

☆ Citi says buy Albemarle, cites stabilizing lithium prices amid strong electric vehicle demand
▼ + stars: | 2023-06-14 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Lithium provider Albemarle is a top pick on the back of growing electric vehicle demand, Citi says. Analyst Patrick Cunningham launched coverage of a group of chemicals stocks, saying Albemarle is a buy because of its long-term potential. ALB 1D mountain Albemarle shares 1-day Albemarle shares are only up 5.5% in 2023, lagging the S & P 500, which is higher more than 13%. The analyst's bullish view on Albemarle is based on lithium prices, which are starting to rebound from lows at the start of the year. As Cunningham expects lithium production will continue to lag fast-growing demand for electric vehicles, now is the time for investors to snap up shares of Albemarle, he said.

Persons: Patrick Cunningham, Albemarle, Cunningham, — CNBC's Michael Bloom Organizations: Citi, Albemarle Locations: Albemarle

☆ Piper Sandler hikes Meta price target, says investors can have confidence in Reels, A.I. strategy
▼ + stars: | 2023-06-14 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

META YTD mountain Meta shares YTD Meta shares have already doubled this year and are 125% higher as the likelihood of a pause in interest rate hikes buoy the outlook for mega-cap tech stocks. The analyst's $310 price target, raised from $270, implies 14% upside from Tuesday's closing price of $271.32. Meanwhile, Meta's AI strategy is helping increase the time users spend on its platforms, improving its suite of tools for advertisers and building out an AI ecosystem. Piper Sandler was not the only Wall Street firm hiking its price target on Meta. Wolfe Research on Tuesday also raised its price target to $330, from $300, implying Meta can rise 21% from Tuesday's close.

Persons: Piper Sandler, Thomas Champion, Wolfe, Deepak Mathivanan, Michael Bloom Organizations: Meta, Wolfe Research Locations: Tuesday's

☆ BTIG says SoFi is a top pick in fintech and can surge more than 45% as student loan payments resume
▼ + stars: | 2023-06-14 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

SoFi Technologies is a top pick in the beleaguered fintech space, BTIG says. Analyst Lance Jessurun initiated the stock with a buy rating, calling it a "long-term winner in the neobank space." "In this environment, we prefer names tied to recurring IT spend, and are cautious on names tied to consumer discretionary spend." SOFI 1D mountain SoFi Technologies shares 1-day SoFi shares have more than doubled this year, but the analyst's $14 price target suggests even further upside — more than 46% upside from Tuesday's close of $9.54 per share, in fact. "Given numerous tailwinds, GAAP profitability, and policy changes, we see significant upside to shares, and note that SOFI is our favorite long-term choice in the consumer-facing fintech space," Jessurun said.

Persons: Lance Jessurun, Jessurun, — CNBC's Michael Bloom Organizations: SoFi Technologies

☆ Dave & Buster's is a strong buy that could jump 30%, Raymond James says
▼ + stars: | 2023-06-14 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

The bull case for Dave & Buster's Entertainment remains intact, Raymond James says. Analyst Brian M. Vaccaro maintained a strong buy rating on Dave & Buster's and raised his price target, saying the restaurant and entertainment firm's presentation at its analyst day this week supported his positive view on the stock. Dave & Buster's is outperforming the broader market this year, up 30%, while the S & P 500 is 13% higher. The analyst expects some investors to take a "wait and see" approach to Dave & Buster's, given a murky economic outlook that may hurt discretionary spending. "If comps can return to positive territory, high single-digit unit growth and margin expansion should drive 10%+ EBITDA growth over the next few years," Vaccaro wrote.

Persons: Dave, Raymond James, Brian M, Vaccaro, Buster's, — CNBC's Michael Bloom Organizations: Buster's Entertainment Locations: comps, Tuesday's

☆ What's behind Tesla's record winning streak? Top analyst Adam Jonas has a theory
▼ + stars: | 2023-06-14 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

The key to Tesla 's biggest winning streak on record might lie in artificial intelligence, according to top auto analyst Adam Jonas. "Tesla stock can be streaky, but this most recent run sets its record for most consecutive days of stock price appreciation," Morgan Stanley's Jonas said in a note Tuesday. Today, it's all about AI," Jonas wrote in a June 5 note. The electric vehicle company has only notched winning streaks of eight days or more just eight other times. One month after the streak's end, Tesla shares outperformed the S & P 500 by 3.4% on a median basis.

Persons: Tesla, Adam Jonas, Morgan Stanley's Jonas, Meta, Jonas, — CNBC's Michael Bloom Organizations: Nvidia, Apple, Microsoft, Auto

☆ Sports News and Analysis
▼ + stars: | 2023-06-13 | by ( ) www.wsj.com time to read: 1 min

With a win at the French, the 36-year-old from Serbia now has 23 major singles titles, the most for any men’s tennis player ever. He’s also on path to another shot at a calendar Grand Slam.

Persons: He’s Locations: Serbia

☆ BTS 10th anniversary: Superfans make pilgrimage to South Korea to celebrate the K-pop band that conquered the globe
▼ + stars: | 2023-06-13 | by ( Kathleen Magramo Yoonjung Seo Paula Hancocks | Kathleen Magramo | Yoonjung Seo | ) edition.cnn.com time to read: +10 min

Scroll through the gallery to see how the K-pop group went global. ilgan Sports/Multi-Bits/Getty Images BTS fans at the "Love Yourself" North American Tour at the Staples Center on September 9, 2018 in Los Angeles. Andrew Lipovsky/NBC/Getty Images BTS won all three awards they were nominated for at the 2021 American Music Awards held in Los Angeles. Theo Wargo/Getty Images BTS addressed Asian inclusion and representation at the White House in Washington, DC on May 31, 2022. “Being in America and not seeing that much of Asian representation, when I saw that seven Asian guys were trending … that totally like piqued my interest immediately.

Persons: Rowan Joss, Katie Myles ’, they’re, ’ ”, Joss, HYBE, Myles, Kim Tae, Jung Ho, Kim Nam, Kim Seok, Jeon Jung, kook, Min Yoon, Psy’s, ”, Chelsea Guglielmino, Jimmy Fallon, Andrew Lipovsky, Matt Winkelmeyer, Theo Wargo, Kent Nishimura, CedarBough Saeji, ” Saeji, Katie Myles, –, hasn’t, Anthony Wallace, ’, Lisa Trinh, Diana Phung, they’ve, Trinh, they’ll, Jimin, Hwang Young, Startrip, Yoonjung Seo, Jungkook, dad, Justin Bieber, Selena Gomez, Ariana Grande, Shawn Mendes, it’s, Michelle Cho, It’s, Phung Organizations: Seoul CNN —, BTS, Records, YouTube, ilgan, Staples Center, Chelsea, NBC, Getty, White, Los Angeles Times, East Asian Studies, Pusan National University, ARMY, Ministry of Culture, Tourism, Tower, CNN, The, Guinness, Spotify, University of Toronto Locations: Hong Kong, Seoul, South Korea, Scotland, Los Angeles, Washington , DC, Korean, AFP, Seoul’s, California, Gangwon province, Busan, Korea, Cafe, America

Kraken vs. Coinbase: The Biggest DifferencesCompare Kraken and Coinbase KrakenCoinbase Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. These levels determine which account features you can access, as well as represent the amount of documentation you provide when setting up your Kraken account. Kraken Account FeaturesIf you're an institution or an advanced trader, there's no shortage of services at Kraken. The standard Coinbase account includes crypto trading, Coinbase Earn, Coinbase Card (a Coinbase debit card), wallet services, and more. Coinbase and Kraken are both great cryptocurrency exchanges with large cryptocurrency selections, account features, NFT beta marketplaces, and more.

Persons: Coinbase, Min, webinars —, Kraken, Roth IRAs, Coinbase Waller, you'll Organizations: US Securities and Exchange Commission, SEC, Chevron, Coinbase, Trade, Pro, OTC, Better, Bureau, Inc, New York State Department of Financial Services, New, DFS, iOS Locations: New York, Washington

☆ The S&P 500 broke out to a 13-month high and is flashing a 'rare signal.' Here's what analysts are saying
▼ + stars: | 2023-06-13 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

The S & P 500 is flashing a "rare signal" that suggests the market rally has some legs, Bank of America says. He noted it's only the 25th time that the broader index notched a new 52-week high after a long pause of 300 or more calendar days between 52-week highs. "And what it does suggest is that the S & P should have stronger-than-average returns going out from 10 days to a year, and even two years later." Of the previous 24 signals, the S & P 500 notched a double-digit gain 16 times. For example, while the S & P 500 has notched a new 52-week high, only a small percentage of the index has managed the same milestone, which suggests narrow leadership.

Persons: Stephen Suttmeier, Suttmeier, it's, Oppenheimer's Ari Wald, Wald, BTIG's Jonathan Krinsky Organizations: Bank of America Locations: United Kingdom

☆ Stocks making the biggest moves premarket: Oracle, Urban Outfitters, Apple & more
▼ + stars: | 2023-06-13 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

A sign is posted in front of Oracle headquarters on December 09, 2021 in Redwood Shores, California. Meanwhile, CEO Safra Catz said she expects adjusted earnings in the fiscal first-quarter of $1.12 to $1.16 per share. Urban Outfitters — Shares rose 3.4% following an upgrade to overweight from equal weight by Morgan Stanley. Apple — Apple declined 0.7% in the premarket after UBS downgraded the stock to neutral from buy late Monday. Home Depot is also slated to hold an investor day at 9 a.m.Ulta Beauty — The beauty stock rose 0.8% after Loop Capital upgraded Ulta Beauty to buy from hold.

Persons: Safra Catz, Refinitiv, Morgan Stanley, Apple —, Bunge, —, Brian Evans, Alex Harring, Hakyung Kim, Jesse Pound Organizations: Oracle, —, Apple, Apple — Apple, UBS, JPMorgan, Bunge, Target Locations: Redwood Shores , California, Rotterdam, Netherlands

Biogen — Shares of the biotech stock dipped 2.8% after Biogen revamped its board of directors. Oracle — Shares rose 0.2% to an all-time high on the back of a strong earnings report for the fiscal fourth quarter. Oil stocks — Oil shares rose broadly as WTI crude gained following Monday losses. Chinese internet stocks, metals and mining stocks — Shares of Chinese internet companies and metals and mining stocks jumped Tuesday after the People's Bank of China cut a key short-term policy rate in an effort to stimulate a post-Covid recovery. Metals and mining stocks were also boosted by the news, with shares of Freeport-McMoRan and Steel Dynamics rallying 5.3% and 6%, respectively.

Persons: Susan Langer, Biogen, Refinitiv, Goldman Sachs, Morgan Stanley, Transocean, JD.com, —, Samantha Subin, Sarah Min, Alexander Harring, Jesse Pound, С. Organizations: Biogen, Oracle, Revenue, Cruise Line Holdings, Bank of America, Royal, Urban Outfitters, Devon Energy, —, VanEck Oil Services, Halliburton, People's Bank of, CSI China, Metals, Steel Dynamics Locations: China, Gu'an, Royal Caribbean, Devon, Salt Lake City, People's Bank of China, Freeport, McMoRan

☆ The history of cyclical bull markets suggests the S&P 500 could rise to 4,900 by next summer
▼ + stars: | 2023-06-12 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

If history is any guide, the S & P 500 could climb to 4,900 by next summer, Bank of America says. The S & P 500 closed Friday at 4,298.86, and has breached the 4,300 level during trading on Monday. However, history suggests these cyclical bull markets could continue for some time. Meanwhile, one year after the S & P 500 enters a bull market, the index was higher a majority of the time. For investors, that could mean the S & P 500 could rally as high as 4900 by next summer, the strategist said.

Persons: Stephen Suttmeier, Suttmeier Organizations: Bank of America

☆ British man detained climbing South Korean skyscraper
▼ + stars: | 2023-06-12 | by ( ) www.reuters.com time to read: +1 min

[1/2] A British man climbs South Korea's tallest building, the 123-storey Lotte World Tower, without a rope before being forced to abandon the climb more than halfway up, in Seoul, South Korea, June 12, 2023. South Korea's Songpa Fire Station/Handout via REUTERSSEOUL, June 12 (Reuters) - A British man attempted to scale the world's fifth tallest building without ropes on Monday until South Korean authorities forced him to abandon his climb more than half way up the 123-storey Lotte World Tower in Seoul. The 24-year-old man, wearing shorts, made his way up the landmark skyscraper for more than an hour as police and fire crews gathered below. British media reported he was arrested and jailed for climbing the Shard building in London in 2019. In 2018, police arrested “French Spiderman” Alain Robert as he was more than half-way up the Lotte World Tower.

Persons: George King, Thompson, “, ” Alain Robert, Robert Birsel Organizations: Lotte, REUTERS, South, Chosun Ilbo, Thomson Locations: British, Seoul, South Korea, Handout, REUTERS SEOUL, London

☆ S&P 500 futures are little changed as traders look ahead to key inflation data, Fed meeting: Live updates
▼ + stars: | 2023-06-11 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

S&P 500 futures were little changed Sunday night as traders looked ahead to the latest inflation data and the Federal Reserve policy meeting this week. S&P 500 futures added 0.14%. Dow Jones Industrial Average futures rose by 19 points, or 0.06%, while Nasdaq 100 futures advanced 0.27%. Investors are coming off a positive week for markets, with the S&P 500 posting its fourth straight week of gains, and brushing its highest point since August. Investors will also be watching for Tuesday's consumer price index, as well as monitoring the Federal Open Market Committee meeting.

Persons: Dow, there's, Tom Lee Organizations: Federal Reserve, Dow Jones Industrial, Nasdaq, Investors

Search resuls for: "Min"

25 mentions found