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☆ Chime: 2024 CNBC Disruptor 50
  + stars: | 2024-05-14 | by ( Cnbc.Com Staff | ) www.cnbc.com   time to read: +1 min
Chime, the largest digital-only financial provider in the U.S., has capitalized on distrust of traditional banks and their slowness to digitize. Founded in 2012 in the wake of the financial crisis, Chime calls itself a fintech company, not a bank. "The trust levels that mainstream Americans have in banks is extremely low, and that was part of the opportunity that we pursued," Chris Britt, CEO of Chime, told CNBC. 1 position in the U.S. Now it's out to continue disrupting traditional banking giants Chase, Bank of America and Wells Fargo. Like other fintechs, Chime faces an uncertain public offering market outlook.
Persons: Chris Britt, Britt Organizations: CNBC, Chase, Bank of America Locations: U.S, Wells Fargo
☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Netflix, Delta, Micron, Visa, Mastercard, Target, Tesla & more
  + stars: | 2024-05-13 | by ( Michael Bloom | ) www.cnbc.com   time to read: +6 min
"We see risk-reward on AAPL as positive, and rate the stock Outperform with a price target of $195." Barclays reiterates Micron as overweight Barclays raised its price target on the stock to $145 per share from $120. Evercore ISI adds a tactical outperform on Walmart Evercore added Walmart to its tactical outperform list ahead of earnings later this week. Evercore ISI adds a tactical outperform on Target Evercore added Target to its tactical outperform list ahead of earnings on May 20. "Following SEDG's 1Q results last week, we are downgrading SEDG to a Neutral and lowering our price target to $56 as the timing of a recovery remains cloudy."
Persons: Bernstein, Apple, Jefferies, it's, Wells, Piper Sandler, Piper, it's bullish, Bank of America downgrades Penn, Guggenheim, Tesla, We've Organizations: Apple, Nvidia, Barclays, Micron, HSBC, Delta, American Airlines, JPMorgan, Netflix, UBS, Wells, Visa, Mastercard, Walmart, Target, Royal Bank of Canada, HSBC Canada, Nexstar, Susquehanna, Bank of America, Penn Ent, ESPN Bet, Tesla, GE Aerospace, GE, Gemini Locations: Delta, United, America
☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Netflix, Delta, Micron, Visa, Mastercard, Target, Tesla, Penn & more
  + stars: | 2024-05-13 | by ( Michael Bloom | ) www.cnbc.com   time to read: +6 min
"We see risk-reward on AAPL as positive, and rate the stock Outperform with a price target of $195." Barclays reiterates Micron as overweight Barclays raised its price target on the stock to $145 per share from $120. Evercore ISI adds a tactical outperform on Walmart Evercore added Walmart to its tactical outperform list ahead of earnings later this week. Evercore ISI adds a tactical outperform on Target Evercore added Target to its tactical outperform list ahead of earnings on May 20. "Following SEDG's 1Q results last week, we are downgrading SEDG to a Neutral and lowering our price target to $56 as the timing of a recovery remains cloudy."
Persons: Bernstein, Apple, Jefferies, it's, Wells, Piper Sandler, Piper, Bank of America downgrades Penn, Guggenheim, Tesla, We've Organizations: Apple, Nvidia, Barclays, Micron, HSBC, Delta, American Airlines, JPMorgan, Netflix, UBS, Visa, Mastercard, Walmart, Target, Royal Bank of Canada, HSBC Canada, Nexstar, Susquehanna, Bank of America, Penn Ent, ESPN Bet, Tesla, GE Aerospace, GE, Gemini Locations: Delta, United, America
☆ Monday's analyst calls: Nvidia to rally 30%, big airlines set to outperform
  + stars: | 2024-05-13 | by ( Alex Harring Fred Imbert | Alex Harring | Fred Imbert | ) www.cnbc.com   time to read: +10 min
Jefferies raised its price target on the artificial intelligence chipmaker, calling for more than 30% upside. Analyst Biju Perincheril downgraded shares to neutral from positive and slashed his price target by $36 to $56. Ramnani's $531 price target implies upside of 16.2% for Mastercard, while he sees Visa shares advancing 14.7% to $322. — Alex Harring 5:39 a.m.: Jefferies raises Nvidia price target Nvidia's gains won't stop anytime soon, according to Jefferies. After an analyst change, the firm kept its buy rating and raised its price target to $1,200 from $780.
Persons: Jefferies, Biju Perincheril, SolarEdge, Perincheril, — Alex Harring, Tom O'Malley, O'Malley, Seth Seifman, We've, Seifman, Morgan Stanley, Dara Mohsenian, Mohsenian, Alex Harring, Piper Sandler, Arvind Ramnani, Ramnani, Achal Kumar, Kumar, Delta, Blayne Curtis, NVDA, Curtis, Fred Imbert Organizations: CNBC, Nvidia, HSBC, American Airlines, Susquehanna, FactSet, Wall, Micron, Barclays, JPMorgan, GE Aerospace, GE, PepsiCo, Pepsi, PEP, Mastercard, Visa, Technology, Delta Locations: Delta, United, Europe, Monday's premarket
☆ CNBC's Inside India newsletter: A disconnected stock market
  + stars: | 2024-05-10 | by ( Ganesh Rao | ) www.cnbc.com   time to read: +5 min
CNBCThis report is from this week's CNBC's "Inside India" newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. For local investors, Indian stocks would have underperformed the U.S. benchmark by more than 45 percentage points since Buffett's 2008 bet. It appears that India's near 8% GDP growth isn't transforming into stock market returns. But that has also meant significant competition for the incumbents, many of which are listed on the stock market. This year has also been particularly unlucky for Indian stock market investors thanks to the uncertainty added by politics.
Persons: Warren Buffett, it's, Jonathan Pines, Federated Hermes, Rajeev Agrawal, Agrawal, Narendra Modi's, Kevin Carter, Buffett, Carter, Modi, Narendra Modi, Amit Shah, Virat Kohli, Rajat Patidar Organizations: Berkshire, CNBC, BSE, Federated, DoorDarshi Advisors, Narendra Modi's BJP, India, Ecommerce, One97 Communications, Ujjivan Financial, BJP, Russia, Indian, Ukraine, India's Central Bureau of Investigation, Indian Premier League, Wednesday, Royal Challengers Bengaluru Locations: Omaha , Nebraska, Omaha, BSE India, India, United States, Gandhinagar Lok Sabha, Russia, Mumbai, Punjab Kings
☆ Could your buy now, pay later loans affect your credit score? Here's what you need to know
  + stars: | 2024-05-10 | by ( Jessica Dickler | ) www.cnbc.com   time to read: +4 min
But there's one place they're notable absent: your credit report. Earlier this year, Apple became the first major BNPL provider to start reporting all user account information to a credit reporting agency. Providers including AfterPay, Affirm and Klarna already report some loans to the credit bureaus and experts say more are likely to follow, paving the way for a consumer's BNPL history to factor into their credit history and ultimately their credit score. (One of the main aspects of a credit score comes down to your history of paying bills on time.) When BNPL credit reporting could sting
Persons: Klarna, Liz Pagel, BNPL, Wells, Tim Quinlan, Ethan Dornhelm, TransUnion's, Silvio Tavares, Tavares, Pagel Organizations: Apple, Adobe Analytics, CNBC, Finance Locations: TransUnion, Wells Fargo
☆ 5 people share the different ways they landed jobs at Big Tech companies
  + stars: | 2024-05-10 | by ( Ella Hopkins | Shubhangi Goel | ) www.businessinsider.com   time to read: +6 min
Read previewGetting a foot in the door at one of the four Big Tech companies — Meta, Google, Apple, and Amazon — can require years of training, an expensive education, and many interviews. Business Insider spoke to five people who landed jobs at Big Tech companies about how they learned the skills and experience that landed them the role — and how they showcased those skills during the interview. AdvertisementGriffin worked as a software engineer for Rotten Tomatoes, Vox, and Shopify before applying for jobs at Apple four times. Griffin landed a role as a software engineer at Apple and worked at the company for two years. "I took it to get my foot in the door of a Big Tech company and build credibility," he told BI.
Persons: —, Corey Griffin, Apple Corey Griffin, Griffin, Vox, tara Larsen, Tara Larsen, Larsen, Sahil Gaba, Sandeep Rao, Big Tech Sandeep Rao, Rao, Zubin Pratap, Pratap, he'd Organizations: Service, Big Tech, — Meta, Google, Apple, Business, C3G Media, Rotten, Amazon, Gaba, BI, Meta, Oracle, Carnegie Mellon University Locations: Big Tech, Amazon, India
☆ Portfolio manager names 3 under-the-radar growth stocks to buy right now
  + stars: | 2024-05-10 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com   time to read: +3 min
One investor says growth stocks still offer opportunities — but it's time to get selective. "Growth stocks will continue to outperform value stocks, generally speaking. Growth stocks are expected to grow rapidly, but do not pay out dividends and are often often more expensive than so-called value stocks. When considering which stocks to buy, Coons stressed the importance of valuations. "I would stay away from growth stocks outperforming because of story and invest in those with real revenue and earnings growth."
Persons: Adam Coons, Coons, PayPal Holdings Coons, " Coons, Moody's Organizations: Winthrop Capital Management, CNBC Pro, PayPal Holdings, PayPal, C Technologies, SS Locations: Coons
☆ Watch CNBC's full interview with Robinhood CEO Vlad Tenev on global expansion, AI and a blowout Q1
  + stars: | 2024-05-09 | 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 EmailWatch CNBC's full interview with Robinhood CEO Vlad Tenev on global expansion, AI and a blowout Q1CNBC's Kate Rooney sits down with Robinhood CEO Vlad Tenev to discuss the company's better-than-expected Q1 results, and where he sees pockets of growth in the fintech space as the company expands its services and offerings on a global level.
Persons: Vlad Tenev, Kate Rooney
☆ Ron Insana: A key market indicator is flashing a warning signal about the economy
  + stars: | 2024-05-09 | by ( Ron Insana | ) www.cnbc.com   time to read: +3 min
The Dow Industrials represent the productive capacity of the economy, as its original focus was on the goods-producing sector. Over recent decades, the 30-stock Dow Industrials has been expanded to include important tech, telecom and services companies. The Dow Transports, whose constituents move goods and passengers across the country and around the globe, represent final demand. .DJI .DJT YTD line The Dow Industrials vs. Dow Transports in 2024 At the moment, the divergence is relatively mild. The Dow Theory might still have the benefit of experience and wisdom.
Persons: Dow Industrials, that's, it's, Ron Insana Organizations: Dow, Dow Jones Industrial, Dow Jones Transportation, Dow Transports, Transports, Utilities, Dow Theory, Federal Reserve, CNBC Locations: U.S
☆ I was a tech DINK earning over $100k a year. Our double income helped me quit my 9-to-5 — but now the glory days are over.
  + stars: | 2024-05-09 | by ( Charissa Cheong | ) www.businessinsider.com   time to read: +6 min
I even quit my 9-to-5 to pursue my passion for content creation. I made $40,000 in revenue from content creation in 2022 and $107,000 in 2023 before expenses. AdvertisementSince I'm not earning a stable income, we've decided to limit our spending more this year. I decided to give myself a salary of $35,000 for 2024 from my content creation business. As content creation doesn't require me to go into an office, I'm hoping to build a flexible career that I can continue around raising a kid.
Persons: —, Natalie Fischer, Keldon, now's, we've, There's, Roth, I'm, DINK, We've, He's, we're, haven't Organizations: Service, Business, UGC Locations: Washington, Seattle, pomeranian, Rome, Mexico, Finland
☆ I quit my finance job and became an Airbnb host in Italy. I have no regrets about choosing happiness over money.
  + stars: | 2024-05-08 | by ( Perri Ormont Blumberg | ) www.businessinsider.com   time to read: +6 min
Anton Govor left his corporate finance career to become an Airbnb host on Lake Garda in Italy. I visited Lake Garda for the first time when I was 21The main guesthouse at GardaDoma. Courtesy of GardaDomaDuring a drive from Munich to Florence, I stopped in Lake Garda completely by chance. AdvertisementI chose to leave my finance career behindIn December 2018, my second son was born at Lake Garda, and I took parental leave at our house. I devote 1 to 4 p.m. to property maintenance and planning the dinner menu with our work family, who take shifts in cooking.
Persons: Anton Govor, Govor, he's, —, It's, Ernst & Young, Brenzone, Airbnb Organizations: Garda, Service, Ernst &, MOEX Group, Lake Garda Locations: Italy, Brenzone sul Garda, Moscow, Lake, Munich, Florence, Europe, Russia, Easter
☆ British neobank Monzo boosts funding round to $610 million to crack U.S. market, launch pensions
  + stars: | 2024-05-08 | by ( Ryan Browne | ) www.cnbc.com   time to read: +4 min
MonzoBritish neobank Monzo said Wednesday that it's raised another $190 million, lifting the total it's raised so far this year to $610 million. Singaporean sovereign wealth fund GIC also participated in Monzo's latest fundraise, a source familiar with the matter told CNBC. The total $610 million round marks the single-biggest funding round for a European fintech in the past year, according to Dealroom data. "What I like about how we're approaching this is, at the heart of it, it's not just words," Anil told CNBC in an exclusive interview Tuesday. European expansion is also on the cards, Anil said, although he didn't commit to a date for when this will happen.
Persons: Anil, Monzo, it's, GIC, we've, Monzo's, Revolut Organizations: CNBC, Hedosophia, Barclays, NatWest, BlackRock, JPMorgan, Citibank Locations: U.S, Berlin
☆ Stocks making the biggest moves premarket: Uber, Reddit, Electronic Arts and more
  + stars: | 2024-05-08 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com   time to read: +4 min
Reddit reported a loss of $8.19 per share on $243 million of revenue. Analysts surveyed by FactSet were expecting a loss of $8.75 per share on $214 million of revenue. Electronic Arts – The video game stock fell more than 3% after disappointing results for the fiscal fourth quarter. Cirrus Logic posted fourth-quarter adjusted earnings of $1.24 per share, exceeding the 64 cents per-share earnings analysts polled by StreetAccount anticipated. Match projected between $850 million and $860 million of revenue, while analysts surveyed by StreetAccount were looking for $882.7 million.
Persons: Reddit, FactSet, StreetAccount, Rivian, LSEG, —, Fred Imbert, Michelle Fox Theobald, Yun Li, Sarah Min Organizations: Technologies, Arts, EA, Intel —, Intel, Department of Commerce, LSEG, Bros, Cirrus, Logic, Revenue, Arista Networks, Arista Locations: China
☆ China's Ant Group doubles down on global expansion with cross-border payments offering Alipay+
  + stars: | 2024-05-06 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com   time to read: +3 min
Photo of a person making a mobile payment. Ant InternationalChinese fintech major Ant Group is looking to boost its global presence via its digital offering, Alipay+, as it seeks to connect mobile payment apps around the world. The group's global arm, Ant International, introduced Alipay+ in 2020, allowing foreigners to use apps from their home countries to make payments in China and other countries by scanning QR codes of Ant Group's largely domestically-focused platform Alipay. Ant with its Alipay+ offering seeks to make the most of the early inroads into those markets. "We had the benefit that Alipay was already accepted in many merchants around the world so one of our first steps was [to] convert those merchants to Alipay+ merchants.
Persons: Douglas Feagin, Ant Group's, Ant, Feagin, Alipay Organizations: Ant, Ant Group, CNBC, Ant International Locations: China, Asia, Latam, Europe, U.S, Alipay, Singapore, South Korea, Thailand, Japan
☆ AI engineers report burnout, rushed rollouts as 'rat race' to stay competitive hits tech industry
  + stars: | 2024-05-03 | by ( Hayden Field | ) www.cnbc.com   time to read: +16 min
The AI engineer bailed on his friends, who had traveled from the East Coast to the Seattle area. watch nowThis is the dark underbelly of the generative AI gold rush. Last year marked the beginning of the generative AI boom, following the debut of OpenAI's ChatGPT near the end of 2022. Justin Sullivan | Getty ImagesAn AI engineer at Microsoft said the company is engaged in an "AI rat race." The Microsoft AI engineer said a lot of tasks are about "trying to create AI hype" with no practical use.
Persons: Sebastien Bozon, Jensen Huang, Tech's, Amy Hood, Mark Zuckerberg, Zuckerberg, Andy Jassy, Jassy, they're, Eric Gu, “, Gu, Satya Nadella, Sam Altman, Justin Sullivan, there's, Morry, Kolman, doesn't, Sundar Pichai, Bard, There's, That's, beholden, Ayodele Odubela, ", it’s, Adam Selipsky, Anthropic, Dario Amodei, Noah Berger, Odubela, Gemini Organizations: Google, Apple, Facebook, Microsoft, AFP, Getty, Amazon, CNBC, Big Tech, Nvidia, Google . Engineers, Tech, Vision, Cloud Next, Web, Amazon Web Locations: Mulhouse, France, East Coast, Seattle, ChatGPT, San Francisco, Vegas, Las Vegas, German
☆ New Form Capital founder explains the 'seismic shift' he sees in Wall Street's blockchain interest
  + stars: | 2024-05-02 | by ( Talia Kaplan | Kaan Oguz | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNew Form Capital founder explains the 'seismic shift' he sees in Wall Street's blockchain interestAlex Marinier, founder and general partner at New Form Capital, an early stage venture capital firm making investments in fintech applications of blockchain technology, discusses what factors have been contributing to Wall Street's embrace of blockchain technology.
Persons: Alex Marinier Organizations: New
☆ CNBC's Inside India newsletter: Will AI make or break India?
  + stars: | 2024-05-02 | by ( Ganesh Rao | ) www.cnbc.com   time to read: +9 min
But one that could foreshadow India's growth story. Can Teleperformance's stock plunge be the canary in the coal mine for what is likely to happen to India because of AI? But it's likely to be a blip for India's growth trajectory, given the macro forces at play. Besides creating jobs that are less likely to be immediately disrupted by AI, India could also be a net beneficiary of artificial intelligence. The Indian stock market indexes, Sensex and Nifty 50 , are heading for a positive week again — up by 1% and 1.2%, respectively.
Persons: Findlay Kember, Klarna, ChatGPT, K Krithivasan, Krithivasan, Narendra Modi, It's, Shilan Shah, Goldman Sachs, Vinay Dwivedi, Ashok Gulati, Nomura, League Pickleball, Karine Jean, Pierre, Jerome Powell, Raghuram Rajan, Ashish Jain, CNBC's Ayushi Jindal Organizations: AFP, Getty, India's Tata Consultancy Services, Financial Times, TCS, World Bank, International Monetary Fund, University of Oxford, Capital Economics, Investment, Nomura, Qualcomm, Powerchip Semiconductor Manufacturing, UPI, India, Commission, Agricultural, United Pickleball Association, Global Sports, PPA, League, Washington Post, White, U.S ., Federal, CNBC, Reserve Bank of India, University of Chicago Booth School of Business Locations: Swedish, Paris, India, Chennai, U.S, Europe, China, Singapore, South Korea, Canada, United States
☆ Here are Monday's biggest analyst calls: Apple, Nvidia, AT&T, Tesla, Shopify, Super Micro Computer and more
  + stars: | 2024-04-29 | by ( Michael Bloom | ) www.cnbc.com   time to read: +7 min
Evercore ISI reiterates Tesla as in line Evercore ISI lowered its price target on Tesla to $145 per share from $155. Barclays upgrades AT & T to overweight from equal weight Barclays sees "growth quality" for the telecommunications and wireless provider. Barclays downgrades Lululemon to equal weight from overweight Barclays downgraded the maker of athleisure wear due to rising competition. "We initiate coverage of Dave Inc. with a Market Outperform rating and $70 price target representing ~65% upside from the current price." "We are upgrading GWW from EW to OW, while raising our price target from $1,000 to $1,250."
Persons: Evercore, Tesla, Jefferies, LUV, Lululemon, LULU, Dave, Oppenheimer, Instacart, Bernstein, Goldman Sachs, William Blair, Eastman, Morgan Stanley, Berenberg, Melius, Price, Stephens, Grainger Organizations: Airlines, Jefferies, Southwest Airlines, Dynamics, Barclays, Dave Inc, JPMorgan, CART, Apple, Eastman Chemical, Arista Networks, Nvidia, Data, Citi Locations: Americas, China, Tulsa , Oklahoma, Kingsport , Tennessee
☆ A VC and former student-athlete who played with Aaron Rodgers breaks down 7 big opportunities in the burgeoning NIL startup scene
  + stars: | 2024-04-29 | by ( Tiara White | ) www.businessinsider.com   time to read: +3 min
Today, the venture capitalist is looking to invest in startups in the name, image, and likeness space transforming college sports. NIL, as it's called for short, has become big business since 2021, when student-athletes gained the right to make money from it. Some college athletes are making millions from brand and sponsorship deals, and a cottage industry has cropped up to support the rapidly changing industry. He and his partners also raised $25 million in 2021 for a venture-capital firm, Fiat Ventures, which invests in early-stage companies in the fintech space, per its website. After months of researching and talking to startups, Glover broke down the seven biggest opportunities he sees in the NIL industry:
Persons: Drew Glover, Aaron Rodgers, Cameron Jordan, Marshawn Lynch, Glover, couldn't, Jonathan Ferrey, Vint, he's, He's Organizations: University of California, Business, California, Fiat Growth, Fiat Ventures, LinkedIn Locations: Berkeley, Berkeley , California
☆ India’s UPI: How e-payments have taken over, from sari shops to street food stalls
  + stars: | 2024-04-29 | by ( Amy Gunia | ) edition.cnn.com   time to read: +6 min
“Digital payments are likely to enhance India’s growth by eliminating frictions, increasing efficiency, and reducing costs,” Eswar Prasad, an economics professor at Cornell University, told CNN. Covid-19 further boosted the adoption of digital transactions, as people tried to protect themselves from the virus. In 2023, the number of UPI transactions topped 100 billion. Azeez, a 34-year-old rickshaw driver in Old Delhi, told CNN that he’s too scared of losing money to use e-payments. Sania Farooqui/CNNConvenience aside, India’s digital public infrastructure has helped it achieve an 80% financial inclusion rate.
Persons: Brij Kishore, ”, Agarwal, tuk, India’s, Narendra Modi, Eswar Prasad, Old Delhi Sania Farooqui, Ramesh Kumar's, Sania Farooqui, Ramesh Kumar, he’s, Azeez, Prasad, Kapil Sharma, “ Organizations: Hong Kong / New Delhi CNN, ”, Unified, “, frictions, Cornell University, CNN, “ UPI, India, National Payments Corporation of India, UPI, Sarojini, Finance, Eiffel Locations: Hong Kong / New Delhi, Chandni, India’s Old Delhi, Delhi, India, Old Delhi, Sarojini, Covid
☆ Stocks making the biggest moves midday: Tesla, Roku, Apple, SoFi, Domino's and more
  + stars: | 2024-04-29 | by ( Pia Singh | ) www.cnbc.com   time to read: +3 min
SoFi Technologies — The consumer fintech company's stock price plunged about 10% on disappointing second-quarter earnings guidance. AT & T — The telecommunications stock popped 2.8% after Barclays upgraded AT & T to overweight from equal weight, citing a "mismatch" between the company's valuation and its growth prospects. Apple — Shares rose more than 3% after Bernstein upgraded the tech stock to outperform from market perform. Dave — Shares popped 9.8% after JMP initiated coverage of the fintech company with an outperform rating. Shares popped 9.8% after JMP initiated coverage of the fintech company with an outperform rating.
Persons: FactSet, Tesla, Domino's, LSEG, Roku, David Joyce, Bernstein, Toni Sacconaghi, Dave —, Dave, AMC preannounced, Bob Bakish, —, Sarah Min, Tanaya Macheel, Yun Li, Lisa Kailai Han, Michelle Fox Organizations: Technologies, Elon, Sunday, U.S, Philips —, Philips, Barclays, Seaport Research Partners, Apple, Airlines —, Jeffries, AMC Entertainment Holdings, AMC, Paramount Locations: China, U.S
☆ Stocks making the biggest moves premarket: Tesla, Paramount, Domino's, Southwest Airlines and more
  + stars: | 2024-04-29 | by ( Tanaya Macheel | ) www.cnbc.com   time to read: +2 min
Paramount — The entertainment company saw shares climb more than 5% in premarket trading after reports that its board is preparing to fire CEO Bob Bakish as soon as Monday morning. Domino's Pizza — Shares of the pizza chain jumped more than 5% after a first-quarter earnings beat. Domino's reported $3.58 in earnings per share versus the $3.39 expected by analysts polled by LSEG. Southwest Airlines — The airline stock dipped 1.2% after Jefferies downgraded shares to underperform from hold. The company also said it expects box office performance for the second quarter to remain pressured by last year's strikes.
Persons: Bob Bakish, Domino's, Jefferies, Sheila Kahyaoglu, Bernstein, Toni Sacconaghi, —, Sarah Min, Yun Li, Michelle Fox, Pia Singh, Jesse Pound Organizations: Paramount, LSEG, Southwest Airlines —, Apple, Barclays, AMC Locations: LSEG ., China
☆ Goldman Sachs likes these 2 mobile gaming stocks set for 'blockbuster' launches, gives one 40% upside
  + stars: | 2024-04-26 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com   time to read: +3 min
Investors seeking exposure to China's growing mobile gaming industry should look at technology giants Tencent and NetEase , according to Goldman Sachs. The investment bank expects "China to see faster growth from mid 2024 supported by game launches and a loosening regulatory environment." Tencent Tencent's game sales were up 14% year on year domestically in March and 36% internationally. NetEase NetEase posted a 16% year-on-year rise in domestic sales growth and 1% rise in international sales growth last month, Goldman's analysts noted. Domestic mobile game sales fell by 12% year-on-year Japan in the first quarter of the year.
Persons: Goldman Sachs, 2Q24, Lincoln Kong, FactSet, NetEase NetEase, Michael Bloom Organizations: Street, Hong, Nasdaq, Hong Kong Stock Exchange, China, Domestic Locations: China, Tencent, Hong Kong, Japan, South Korea
☆ Budgeting apps can do more harm than good, a financial therapist says. There's a smarter way to save money.
  + stars: | 2024-04-26 | by ( Julia Pugachevsky | ) www.businessinsider.com   time to read: +4 min
Some budgeting apps work by auto-transferring money to your savings account. Financial therapist and podcast host Amanda Clayman said these apps make you disengaged from your money. Budgeting apps make it easier for you to transfer money into savings accounts without having to think about it. While some people credit budgeting apps as useful tools, they're far from the best way to save money in the long term, according to Amanda Clayman, a financial therapist and host of the Audible series "Emotional Investment." According to Clayman, apps that automatically move money to your savings account can be great for short-term goals like planning for an upcoming vacation.
Persons: Amanda Clayman, —, Clayman, she's, Zers, millennials Organizations: Service, Business
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