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☆ Here are Tuesday's biggest analyst calls: Apple, Tesla, Coinbase, Sony, Oracle, FedEx, Nike, Carvana & more
▼ + stars: | 2024-03-12 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

"We initiate coverage on Regeneron with an Outperform rating and $1,125 price target." Canaccord reiterates MicroStrategy as buy Canaccord raised its price target on the crypto company to $1,810 per share from $975. "We are initiating coverage of The New York Times with a Buy rating and a $52 target price. "DG – Upgrading to Neutral Raising Price Target to $158." "We are initiating coverage of Central Garden & Pet ( CENT) with a BUY rating and $52 price target."

Persons: Bernstein, Morgan Stanley, Tesla, it's, optionality, Canaccord, Goldman Sachs, PDD, Goldman, Jefferies, underperform Jefferies, Raymond James, underperform Raymond James, Argus, Evercore, William Blair, Goldman Sacks Organizations: Citi, New York Times, Nike, JPMorgan, RBC, Bank of America, Apple, Oracle, Central, FedEx, Macquarie, Sony Locations: China

☆ Tesla's value has slumped by $234 billion this year — that's more than McDonald's, Disney, or Nike are worth
▼ + stars: | 2024-03-07 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Tesla's market value has tumbled $234 billion this year, or more than McDonald's or Disney are worth. Elon Musk's EV maker is close to losing more value than Netflix or Coke's entire market caps. AdvertisementTesla's market value has plunged by an astounding $234 billion this year — that's considerably more than McDonald's ($212 billion), Disney ($202 billion), and Cisco ($199 billion) are worth. That decline is close to the entire market caps of Netflix ($259 billion) and Coca-Cola ($257 billion), and larger than the entire market value of American Express ($158 billion) and Nike ($148 billion). It's also worth noting that Tesla is still worth more than 10 times the value of either General Motors ($46 billion) or Ford ($49 billion).

Persons: —, It's, He's, LVMH's Bernard Arnault, Jeff Bezos, Tesla, Musk, hasn't, Ross Gerber Organizations: Elon Musk's, Netflix, Service, Disney, Cisco, American Express, Nike, FedEx, Bloomberg, Motors, Ford Locations: China

The Lawrence Township Police Department recovered 223 of 675 SpaceX Starlink Terminals allegedly purchased using stolen credit card numbers, the department said Tuesday. A New Jersey man was arrested on charges for allegedly trafficking 675 SpaceX Starlink terminals purchased with stolen credit card accounts or hacked Starlink billing accounts, police said Wednesday. The man, 35-year-old Kelvin Rodriguez-Moya, was stopped by police Dec. 4 while driving 223 Starlink terminals in a pickup truck and trailer after leaving a residence in Lawrence Township, New Jersey, a criminal complaint said. Lawrence Township police had been tipped off about a suspiciously large number of Starlink terminals being shipped to that home, the complaint said. The total value of the 675 fraudulently purchased Starlink terminals that police subsequently learned had been shipped to the Lawrence Township address is about $400,000, police said.

Persons: Kelvin Rodriguez, Moya, Detectives, Rodriguez Organizations: Police Department, SpaceX Starlink, SpaceX, FedEx Locations: Lawrence, New Jersey, Lawrence Township , New Jersey, Newark

But the de minimis rule also has powerful defenders. China's exports grew only 0.6% last year, but the bright spot was cross-border e-commerce, which includes but is not limited to the de minimis packages. In a January meeting with Mayorkas, the National Council of Textile Organizations complained about unfair trade practices, including the de minimis rule. It is unclear how much fentanyl and other illicit drugs may be slipping undetected into the country in the small packages. On a recent Friday morning at Chicago's O'Hare airport, small parcels that had arrived by mail from overseas were on conveyor belts going through X-ray machines for inspection.

Persons: Lindsey Puls, Puls, ”, Alexander Mayorkas, Earl Blumenauer of, ” Blumenauer, Sen, John Thune, LaFonda Sutton, Burke, Charles Benoit, Benoit, Mayorkas, Videojournalist Melissa Perez Winder, Haleluya Hadero Organizations: WASHINGTON, Will, Homeland, National Foreign Trade Council, FedEx, UPS, DHL, eBay, South Dakota Republican, Customs, Custom, China’s Communist Party, Coalition for, Prosperous, National Council of Textile Organizations, National Association of Police, Border Protection, Investments Locations: China, U.S, Shiocton , Wisconsin, Earl Blumenauer of Oregon, Shein, Singapore, Chicago, United States, Prosperous America, Chicago's, New York

☆ Gen Z faces more pressure at work than previous generations because technology has eliminated work-life boundaries, a psychology professor says
▼ + stars: | 2024-02-19 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +2 min

This story is available exclusively to Business Insider subscribers. "There's a lot written about Gen Z needing to take more time off and not having the resilience to endure and reliably push through in certain work contexts. As a result, Gen Z is trying to create a clearer divide between their work and personal life. Advertisement"Part of what we're seeing is Gen Z is trying to put some boundaries back in place," Pike said. Although Gen Z is normalizing the conversation around mental health at work, Pike said that they’re sometimes forgetting the distinction between normal emotions and mental illness.

Persons: —, Kathleen Pike, Gen, Pike, ’, Z Organizations: Service, Columbia University, Business, FedEx

☆ Tiger Woods shoots one-over, including shank on final hole, in return to competitive action at Genesis Invitational
▼ + stars: | 2024-02-16 | by ( Ben Morse | ) edition.cnn.com time to read: +3 min

CNN —Tiger Woods shot a one-over-par 72 on his return to competitive PGA Tour action on Thursday at the Genesis Invitational, but finished his round with a huge shank to blot his outing. However, Woods admitted afterwards that he was dealing with back spasms for the final three holes of his round, something which helped to contribute to the shank on the 18th hole. Woods hits from a bunker on the 10th hole during the first round of the Genesis Invitational. Woods is chasing his first PGA Tour win since his record-equaling 82nd triumph at the Zozo Championship in October 2019. Woods has said he is aiming to play in one tournament a month this year.

Persons: Tiger, –, Woods, Patrick Cantlay, he’d, Jason Parkhurst, ” Woods, “ It’s, LIV, Jon Rahm, Charlie, Bernhard Langer, Jason . Woods, CNN’s Jack Bantock Organizations: CNN, Los, Country Club, USA, Reuters, Tiger Woods Foundation, FedEx Cup, PGA, PNC, Ritz, Carlton Club Locations: Bahamas, Los Angeles, Florida

☆ Here are Thursday's biggest analyst calls: Apple, Nvidia, Snowflake, Coinbase, Skechers, Tesla, Berkshire Hathaway & more
▼ + stars: | 2024-02-15 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Here are Thursday's biggest calls on Wall Street: Macquarie downgrades Sony to neutral from buy Macquarie said it sees a more balanced risk/reward for the entertainment company. "With Sony near our target price and market expectations at risk given lacklustre FY3/25 guidance, we are downgrading to Neutral." Deutsche Bank reiterates Rocket Lab as a top pick Deutsche said it's standing by its bullish status on the space company. " Bank of America initiates Super Micro as buy Bank of America said the server and storage solutions company is an AI beneficiary. Bank of America reiterates Uber as buy Bank of America said it's feeling more bullish after the company's investor day.

Persons: Macquarie, Davidson, DA, Piper Sandler, Piper, KeyBanc, Evercore, Skechers, Price, Bernstein, underperform Bernstein, Redburn, Eastman, Morgan Stanley, Wells, Morgan Stanley downgrades, Guggenheim, Generac, Uber, Tesla, KBW, Berkshire Hathaway Organizations: Macquarie, Sony, JPMorgan, Deutsche Bank, Deutsche, Nvidia, Citi, FedEx, Apple, HSBC, GE Healthcare, GE, Crypto, UBS, Downside, Eastman Chemical, Comcast, Cisco, Cliffs, Steel, " Bank of America, Air Products, of America, Linde, Bank of America, Micro, Inc, Guggenheim, Mizuho, Energy, BMO, CNBC, & $ Locations: Nashville, China, Morgan Stanley downgrades Cleveland

☆ Calls of the Day: Blackstone, FedEx and CrowdStrike
▼ + stars: | 2024-02-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCalls of the Day: Blackstone, FedEx and CrowdStrikeThe “Halftime Report” Investment Committee debate the biggest analyst calls of the day, including Josh Brown's take on CrowdStrike as it clocks a new record high.

Persons: Josh Brown's Organizations: Blackstone, FedEx

☆ ‘Fleeing under the cover of darkness’: How Idaho’s abortion ban is changing pregnancy in the state
▼ + stars: | 2024-02-10 | by ( Meg Tirrell | John Bonifield | ) edition.cnn.com time to read: +12 min

Caldwell, Idaho CNN —Jen and John Adkins never expected to have to send a package like this. Idaho’s abortion laws meant they had to seek care across state lines after receiving devastating news about a much-wanted pregnancy. “As soon as that ultrasound technician put that wand on my stomach and I saw the baby on the screen, I knew something was wrong,” Jen told CNN. “I was sent home to grieve and mourn and call around to see if we could get an appointment out of state,” Jen said. The move, he said, was for personal reasons: “Boise is a wonderful place in general,” he told CNN via email.

Persons: Idaho CNN — Jen, John Adkins, Jen, John, Julie Lyons, who’s, “, ” Lyons, Jennifer, Jennifer Adkins, they’d, ” Jen, ‘, ’, Turner, ”, ’ ” Jen, Jennifer Adkins ‘, Roe, Wade, wasn’t, that’s, ” John, Jen Adkins, Barton Bishoff, ’ It’s, Lyons, Raul Labrador, Dr, Thomas Lee, Lee, …, he’d “, Sanjay Gupta Organizations: Idaho CNN, FedEx, CNN, Research, US, Walgreens, Bureau of Labor Statistics, Center for Reproductive Rights, Defense, CNN Health Locations: Caldwell, Idaho, Caldwell , Idaho, Boise, Portland , Oregon, Hailey, Sun Valley, Portland, St, Luke’s, Oregon

☆ Tiger Woods to make 2024 debut at the Genesis Invitational
▼ + stars: | 2024-02-08 | by ( Jack Bantock | ) edition.cnn.com time to read: +2 min

CNN —Tiger Woods will make his first competitive start of the year at the Genesis Invitational next week, the 15-time major winner announced on social media Wednesday. Woods, chasing his first PGA Tour win since his record-equaling 82nd triumph at the Zozo Championship in October 2019, said he was “excited” to compete in an Instagram post announcing his participation on Wednesday. Woods celebrates his most recent PGA Tour victory at the 2019 Zozo Championship in Inzai, Japan. The duo finished tied-fifth out of 20 teams formed of past major or Players Championship winners and a family member at the Ritz-Carlton Club, six shots behind the winning pairing of Bernhard Langer and his son Jason. The Players Championship, dubbed ‘the fifth major,’ tees off in March, while The Masters begins the major calendar in April.

Persons: –, LIV, Jon Rahm, Wyndham Clark, Woods, Lee Jin, Charlie, Bernhard Langer, Jason . Woods Organizations: CNN, Genesis, Los, Club, Tiger Woods Foundation, FedEx Cup, PGA, PNC, Ritz, Carlton Club, Nike Locations: Bahamas, Los Angeles, California, Inzai, Japan, Florida

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Persons: You've, It's, You'll, We'll, you'll Organizations: Business, Venture, Business †, you've, Ink, Chase Travel, FDIC, Express, American Express, Dell Technologies, Adobe, American, Capital, One, Amex, FedEx, Grubhub, Supply, Walmart, Best, Dell, Air Canada Aeroplan, British Airways Executive Club, Marriott Bonvoy, Chase, Finance, — Locations: AmexTravel.com, U.S, Chevron

☆ FedEx Custom Critical CEO on inspiring the next generation
▼ + stars: | 2024-02-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFedEx Custom Critical CEO on inspiring the next generationFor Black Heritage Month, Ramona Hood says her journey is an homage to reflect on the barriers that have been broken.

Persons: Ramona Hood Organizations: FedEx, Heritage

☆ Digital consultancy Bounteous will merge with Accolite Digital, aiming to become a billion-dollar giant in 5 years
▼ + stars: | 2024-02-01 | by ( Ryan Joe | ) www.businessinsider.com time to read: +4 min

Read previewThe digital consultancy Bounteous is merging with Accolite Digital, and together they plan to become a billion-dollar company in five years. Bounteous and Accolite Digital offer different, yet complementary services. Its clients include Coca-Cola, Caesars Entertainment, Domino's, and others, and it largely competes with other consultancies like Accenture and Deloitte Digital, Bounteous CEO Keith Schwartz told Business Insider. AdvertisementAccolite's clients include telecommunications and financial services companies, including Goldman Sachs, Prudential, and BT. For now, the merged company will be called Bounteous X Accolite, although Kaza said they will finalize its new name in May.

Persons: —, Keith Schwartz, Leela Kaza, Kaza, Goldman Sachs, Prasad Chintamaneni, Schwartz Organizations: Service, Accolite, New, Business, Cola, Caesars Entertainment, Accenture, Deloitte Digital, FedEx, Prudential, BT Locations: Chicago, North America, Dallas, India, Canada, Mexico, Europe, America, Eastern Europe

☆ UPS is cutting 12,000 jobs
▼ + stars: | 2024-01-30 | by ( Chris Isidore | ) edition.cnn.com time to read: +2 min

New York CNN —UPS announced Tuesday that it will cut 12,000 jobs as part of a bid to save $1 billion costs. UPS lost business last year as customers concerned about a possible strike by the Teamsters shifted shipments to rival carriers, such as FedEx. Although UPS said it expects to get most of that business back, it had won back only about 60% of that lost business. UPS’ business surged to record levels in the first three years of the pandemic, as online shopping exploded. UPS’ (UPS) stock sank 7% on Tuesday.

Persons: Refinitiv, ”, Carol Tome, “, Brian Newman Organizations: New, New York CNN, UPS, Teamsters, FedEx, UPS ’ Locations: New York

The declines have come from just about every sector, with the exception of technology, which has seen its earnings estimates rise since October 1. A good example: IBM , which beat earnings expectations and highlighted an uptick in demand for artificial intelligence products and services. Outside of technology, earnings expectations are lower than three months ago, but are now rising again. "The market has been anticipating improving earnings expectations, and it's getting them. By that I do not mean that earnings estimates are rising, I mean they are not getting cut as much anymore," Raich added.

Persons: Nick Raich, it's, Raich, Sherwin, Williams, Heidi Petz, Kimberly, Clark, Nelson Urdaneta, that's, shipper J.B, Hunt, John Roberts, McCormick, Gamble, STMicroelectronics, Jim Fitterling, DuPont, hasn't, ASML, Andre Schulten, Baker Hughes Organizations: IBM, Treasury, Scout, Paint Stores, Insurance, Procter, Swift Transportation, Dow Inc, Texas, 3M, Gamble, FedEx, Humana, Adobe, Dupont Locations: Americas, China

☆ Why is your grocery delivery taking so long? Your driver has 2 other deliveries.
▼ + stars: | 2024-01-22 | by ( Alex Bitter | ) www.businessinsider.com time to read: +6 min

Delivery apps like Instacart and Walmart Spark often 'batch' orders together. Drivers have a choice, companies sayBatches have been part of Instacart's strategy for "several years," a company spokesperson told BI. Advertisement"Some customers get angry wondering why it's taking so long," the Alabama driver said. Customers give drivers low ratings and pull away tips as a result, the driver told Insider. AdvertisementDo you work for Instacart, Spark, or another delivery service and have a story idea to share?

Persons: —, they'll, Instacart, Uber, commenter Organizations: Walmart, Service, Drivers, Alabama, FedEx, UPS, SEC Locations: Alabama, North Carolina, New York City, Queens, Brooklyn

Amateur champion, is the first amateur winner since Phil Mickelson at the Tucson Open in 1991. Playing in just his fourth tour event, he became only the seventh amateur winner since 1945 — and the third since 1957. He's also the youngest winner in the event's history, and he became the youngest amateur to win on the tour since 1910. If he turns pro and joins the PGA Tour, he still gets in the Masters and U.S. Open, along with the remaining seven $20 million signature events on tour. “I think I hit somebody” with the second shot, Dunlap said.

Persons: — Nick Dunlap, Christiaan Bezuidenhout, . Dunlap, Phil Mickelson, Bob Hope, Dunlap, ” Dunlap, ”, He's, Jay Seawell, Tiger Woods, doesn't, doesn’t, “, ” Bezuidenhout, congrats, hadn't, Sam Burns birdied, It’s, Burns, “ I’m, ” Justin Thomas, Xander Schauffele, Kevin Yu Organizations: PGA, American Express, of Alabama, U.S, Amateur, Tucson, PGA West, U.S . Amateur, U.S . Junior, South, FedEx, Alabama, Masters, PGA Tour Locations: QUINTA, Calif, ., Dunlap, British, Coachella

And then on Sunday, Dunlap will attempt to become the first amateur to win on the PGA Tour in 33 years. “The hole looked like a funnel.”Only seven amateurs have won on the PGA Tour since 1945, and only four since 1950. Burns shot a steady 65 on the Stadium Course to stay in contention after taking the lead with his career-low 61 on Friday. Dunlap shot a bogey-free 65 on the Stadium on Friday for the highest score of his three impressive rounds. Just hit one good shot at a time, and try to stack ’em and give myself a lot of good looks."

Persons: Nick Dunlap's, Dunlap, Sam Burns, Justin Thomas, Patrick Cantlay's, Cantlay, ” Dunlap, Phil Mickelson, Burns, Thomas, It’s, Didn't, ” Thomas, he's, I've, “ Nick, he’s, ” Burns, “ He’s, Tiger Woods, Bob Hope, Jordan Spieth, Africa's Christiaan Bezuidenhout, Xander Schauffele, Scottie Scheffler, ___ Organizations: PGA, University of Alabama, The American Express, La Quinta Country Club, Tucson, Arizona State, Crimson Tide, LSU, Crimson, Tiger, U.S . Amateur, U.S . Junior, American, FedEx, John Deere Locations: QUINTA, Calif, Palm Springs, Highlands, Alabama

☆ These cheap stocks with upside could be the next bull market winners
▼ + stars: | 2024-01-19 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Wall Street is on the verge of confirming a new bull market has begun, and these stocks could be the next big winners. Here's the criteria: Average analysts' forecasts imply at least 15% upside moving forward. Average analysts' forecasts imply more than 15% upside moving forward. Analysts think the stock can climb even higher, with their average forecasts implying nearly 22% upside moving forward. Analysts forecast a further 21% upside moving forward.

Persons: Stocks, Jane Fraser's, Conor Cunningham, Wells Organizations: Nasdaq, CNBC, Financial, Citigroup, Citi, Shipping, FedEx, Analysts, Melius Research, JBL, L3Harris Technologies

☆ Jim Cramer says troubles in the Red Sea will hinder the Fed's fight against inflation
▼ + stars: | 2024-01-18 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Thursday warned that soaring shipping costs due to troubles in the Red Sea won't help the U.S. tamp down inflation, telling investors they shouldn't bank on a lot of rate cuts from the Federal Reserve. "If the last few years have taught us anything, it's that supply disruptions are the bane of the Fed's fight against inflation," he said. In recent weeks, Yemen-based Houthis have attacked ships traveling through the Red Sea, one of the most important global shipping routes. As a result, many major shipping companies are sending their vessels on lengthy and expensive detours, causing freight prices to skyrocket. And with hotter-than-expected figures for December's consumer price index and retail sales, Cramer argued inflation could already be on the rise.

Persons: CNBC's Jim Cramer, freight's, Cramer, they're Organizations: Federal Reserve, FedEx, Canadian, Canadian Pacific Kansas City Locations: Yemen, Canadian Pacific Kansas

☆ Ramona Hood: There Is No Straight Pathway To What You Want
▼ + stars: | 2024-01-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRamona Hood: There Is No Straight Pathway To What You Want"Ambition fuels you with energy." The FedEx Custom Critical President & CEO shares what ambition means to her and how she made the journey from receptionist to CEO.

Persons: Ramona Hood Organizations: FedEx

☆ Chart Master: It's time to sell FedEx and UPS
▼ + stars: | 2024-01-16 | 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 EmailChart Master: It's time to sell FedEx and UPSCarter Worth, Worth Charting, joins 'Fast Money' to explain why he sees trouble ahead for transports.

Persons: UPS Carter Organizations: FedEx, UPS

Fourth-quarter earnings season is kicking off with a mix of good and bad news. Without those six stocks, the rest of the S & P is expected to see earnings fall 6%. There's a lot riding on earnings in 2024 For the S & P 500 to increase in 2024, earnings need to expand. But with the S & P 500 up over 20% last year, the forward earnings multiple is roughly 19.6, in the very pricey range. We need higher revenues The biggest risk to higher earnings is lower revenue growth.

Persons: Savita Subramanian, General Mills, Mobileye, Nick Raich, Adam Crisafulli, BofA's Subramanian, Deutsche, Binky, Sam Stovall Organizations: Pfizer, Merck, Moderna, Bank of America, Nvidia, Microsoft, Apple, Nike, FedEx, General, Darden, Constellation Brands, Technology, Samsung Electronics, Vital, Deutsche Bank's Locations: Wayfair, Conagra

☆ Record highs in the stock market are defying a 100-year-old indicator
▼ + stars: | 2024-01-15 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

Record highs in the stock market have yet to be confirmed by a more than 100-year-old indicator. Dow Theory says both indexes need to move in tandem to confirm a bull market in stocks. AdvertisementRecord highs in the stock market have yet to be confirmed by a more than 100-year-old indicator: Dow Theory. The current divergence between the two major stock market averages represents a tactical risk for US equities in 2024, according to a recent note from Bank of America. The continued weakness in the Dow Jones Transportation Average is a red flag because transportation stocks are viewed as a leading indicator for the stock market and economy.

Persons: Dow, —, Stephen Suttmeier, Charles Dow Organizations: Dow Transportation, Dow, Dow Theory, Service, Dow Jones, Dow Jones Transportation, Bank of America, " Bank of America, FedEx, UPS Locations: lockstep

☆ Taylor Lautner wore a custom Lions jacket made by the same designer who created Taylor Swift's Chiefs puffer jacket
▼ + stars: | 2024-01-15 | by ( Erin Mcdowell | ) www.businessinsider.com time to read: +2 min

Read previewTaylor Lautner is proving that when it comes to game-day looks, Taylor Swift is the only inspiration you need. The actor and Michigan native attended a playoff game between the Los Angeles Rams and Detroit Lions on January 14 wearing a custom varsity-style Lions jacket made by Kristin Juszczyk, the wife of San Francisco 49ers fullback Kyle Juszczyk. Lautner unboxed the jacket on the field moments before the game startedAfter delays due to winter weather conditions, FedEx hand-delivered the custom jacket to Lautner moments before kickoff at Ford Field in Detroit. While Swift's was made in a puffer-jacket style, Lautner's jacket was sportier and featured the last name and number of Lions defensive end Aidan Hutchinson. In a behind-the-scenes video shared on Instagram, Juszczyk shared how she made the jacket using two Hutchinson jerseys.

Persons: —, Taylor Lautner, Taylor Swift, Kristin Juszczyk, Kyle Juszczyk, Lautner, @kristinjuszczyk, Simone Biles, Brittany Mahomes, Swift's, Aidan Hutchinson, Juszczyk Organizations: Service, Business, Michigan, Los Angeles Rams, Detroit Lions, San Francisco 49ers, FedEx, Ford Field, Lions, Hutchinson Locations: Detroit

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