Men work boarding up a window as Tropical Storm Francine intensifies and is on track to become a hurricane before its expected landfall on the U.S. Gulf Coast, in Morgan City, Louisiana, U.S. September 10, 2024.Marco Bello | ReutersHurricane Francine barreled Wednesday toward Louisiana and is expected to make landfall in the coming hours as forecasters raised threats of potentially deadly storm surge, widespread flooding and destructive winds on the northern U.S. Gulf coast.Francine drew fuel from exceedingly warm Gulf of Mexico waters to jump from a tropical storm to a Category 1 hurricane on Tuesday night. The National Hurricane…
Author: usaeverydaylife
A number of global stocks that trade in the U.S. have the potential to more than double over the next 12 months, according to average analyst price targets. CNBC Pro screened for U.S.-traded stocks of overseas-headquartered firms covered by 10 or more analysts. The table below lists 11 stocks that analysts give over 100% upside potential in their local currency over the next 12 months. Investors should note that these stocks are exposed to foreign exchange fluctuations. Patriot Battery Metals Canada’s Patriot Battery Metals has the biggest consensus upside potential — 259% over the next 12 months — of the…
(This is CNBC Pro’s live coverage of Wednesday’s analyst calls and Wall Street chatter. Please refresh every 20-30 minutes to view the latest posts.) A major U.S. bank and a home goods company were among the companies being talked about by analyst on Wednesday. Goldman Sachs downgraded Morgan Stanley to neutral from buy. Meanwhile, Jefferies upgraded Williams-Sonoma to buy from hold. Check out the latest calls and chatter below. All times ET. 6:12 a.m.: Bank of America downgrades Novartis Bank of America is moving to the sidelines on Novartis as less catalysts for growth are apparent going forward. “Our prior…
John Keeble | Getty Images News | Getty ImagesAustralian property listing firm REA Group said on Wednesday that Britain’s largest real estate portal Rightmove had rejected its 5.6 billion pounds ($7.32 billion) cash-and-stock takeover offer. REA, which is 62% owned by Rupert Murdoch’s News Corp , did not cite any reason for the offer’s rejection by Rightmove. REA shares dropped 1.25% in early trade on Wednesday. Rightmove did not immediately respond to a request for comment from Reuters sent outside normal UK business hours. Britain’s housing market is considered triple the size of Australia’s, according to Jefferies analysts, and a…
Karen Bass, Mayor of Los Angeles, waves the Olympic flag as Thomas Bach, President of International Olympic Committee, applauds during the Closing Ceremony of the Olympic Games Paris 2024 at Stade de France on August 11, 2024 in Paris, France.Carl Recine | Getty Images Sport | Getty ImagesAfter a successful 2024 Olympics and Paralympics in Paris, the bar has been set high for the next summer Games in Los Angeles in 2028, something that key stakeholders in that event say the city will be ready for.Los Angeles Mayor Karen Bass told CNBC’s Andrew Ross Sorkin at CNBC x Boardroom’s Game…
Kai-Fu Lee, chairman and chief executive officer of Sinovation Ventures, speaks during the HICOOL Global Entrepreneur Summit on September 11, 2021 in Beijing, China. China News Service | China News Service | Getty ImagesBEIJING — Chinese artificial intelligence models may be at least half a year behind those developed in the U.S., but Chinese AI apps will likely take off much faster, said Kai-Fu Lee, former head of Google China.He was referring to large language models, which are trained on massive amounts of data that can process and produce text, images and videos.The top Chinese companies’ LLMs are about six to nine…
Indiana Fever guard Caitlin Clark, #22, drives to the basket against Atlanta Dream guard Destanni Henderson, #33, during a WNBA preseason game at Gainbridge Fieldhouse in Indianapolis, Indiana, on May 9, 2024.Brian Spurlock | Icon Sportswire | Getty ImagesThe fervor and passion surrounding women’s sports aren’t going to go away, said Jessica Berman, commissioner of the National Women’s Soccer League. They’re only going to get bigger.”We’ve finally reached the point where it isn’t a question as to whether this is a moment and it’s going to pass or whether it’s going to stand the test of time, because it isn’t…
A customer enters a Commerzbank AG bank branch in Berlin, Germany, on Tuesday, Aug. 6, 2024.Bloomberg | Bloomberg | Getty ImagesCommerzbank shares jumped on market open on Wednesday, after Italian bank UniCredit acquired a 4.5% stake in the Frankfurt-based lender from the German government.Commerzbank stock was up 17.4% at 8:52 a.m. London time.The stake acquisition marks the first step in Berlin’s exit from its position in the German lender. The German government said it had sold around 53.1 million shares — or a roughly 4.49% tranche out of its 16.49% total shareholding — in Commerzbank for roughly 702 million euros…
DUBAI, United Arab Emirates — Dubai’s property scene is showing no sign of cooling off, as 2024 is on track to be another record year in terms of sales figures and property values, according to local real estate firms.Increasing demand for property, especially in the luxury space, is boosting prices not just of homes, but of everything else in the city — just as the United Arab Emirates is expected to emerge as the world’s top wealth magnet for the third consecutive year.For Hussain Sajwani, chairman of Dubai property giant Damac, that spells both good and bad news.”What concerns me…
Former US President Donald Trump and US Vice President Kamala Harris are shown on screen during a debate watch party at the Cameo Art House Theatre in Fayetteville, North Carolina, US, on Tuesday, Sept. 10, 2024. Donald Trump and Kamala Harris enter Tuesday’s debate in search of the same goal, a moment that will help them gain the edge in a race polls show is essentially tied. Photographer: Allison Joyce/Bloomberg via Getty ImagesAllison Joyce | Bloomberg | Getty ImagesRepublican presidential nominee Donald Trump and his Democratic rival, Vice President Kamala Harris, clashed repeatedly over Russia, Kremlin leader Vladimir Putin and the war…
