Here are Thursday’s biggest calls on Wall Street: Goldman Sachs upgrades Bilibili to buy from neutral Goldman said it sees margin growth for the China online entertainment platform. ” Bilibil i is a highly sticky, under monetized young user based video platform, and is now turning to a more robust and profitable business model driven by higher margin ads/gaming business. UBS downgrades GE Healthcare to sell from neutral UBS said it sees too many risks for the healthcare medical tech company. “Shares pricing in delivery of mid-term guidance, not pricing China risk.” Morgan Stanley downgrades Tencent Music Entertainment to equal…
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Traders work on the floor of the NYSE. NYSEStock futures traded near the flatline Thursday night as Wall Street awaits a key inflation reading.Futures tied to the Dow Jones Industrial Average were little changed, as were S&P 500 futures. Nasdaq 100 futures ticked higher by less than 0.1%.In after-hours action, Costco Wholesale slipped 1% after posting a revenue miss. In the fiscal fourth quarter, the warehouse retailer reported earnings of $5.29 per share on $79.70 billion in fourth-quarter revenue. Analysts polled by LSEG expected earnings of $5.08 per share on $79.97 billion in revenue.Thursday’s trading session ended on a strong note,…
News anchors work at Newsmax’s booth during the second day of the 2024 Republican National Convention at the Fiserv Forum in Milwaukee, Wisconsin, July 16, 2024.Patrick T. Fallon | Afp | Getty ImagesA settlement has been reached in a defamation lawsuit pitting an electronic voting machine manufacturer targeted by allies of former President Donald Trump against a conservative news outlet that aired accusations of vote manipulation in the 2020 election.Newsmax on Thursday confirmed a deal had been reached but further details were not disclosed. Smartmatic, the voting machine company, has claimed that Newsmax program hosts and guests made false and…
Manchester United chief executive Omar Berrada has told staff that the aim is to win the Premier League title in 2028, for the 150th anniversary of the club being formed.Berrada, who officially joined from rivals Manchester City in June, addressed employees during a meeting at Old Trafford last Wednesday and mapped out the ambitions shared by Sir Jim Ratcliffe and the football hierarchy.Berrada informed staff of “Project 150” — so called because it coincides with the major milestone of United’s existence. The club was founded, as Newton Heath, in 1878, before changing its name to Manchester United in 1902.That defined…
This 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. Like what you see? You can subscribe here.The big storyThe big banks of Wall Street have been quick to tweak what they expect from Indian growth this year.Bank of America, Goldman Sachs and Deutsche Bank have all entertained the idea that India’s economic expansion might be lower than what was previously expected. The country’s GDP figure slowed to a 15-month low of 6.7% year-on-year in the second calendar quarter.Yet, India’s…
The good times should continue to roll for shares of Micron Technology , according to Wall Street analysts. Shares of the memory chipmaker surged 17% on the back of a strong quarter and forecast driven by ballooning artificial intelligence demand, and many Wall Street firms see more upside ahead. The move put the company on pace for its best day since 2011 and put shares up more than 31% year to date. “We believe the stock should continue to outperform through 2024 and into 2025 as the market continues to discount improving revenue/margin/ earnings power on top of strong positive…
Rep. Matt Gaetz, R-Fla., leaves the U.S. Capitol after the House voted on the Spending Reduction and Border Security Act, Sept. 29, 2023. The measure failed to pass.Tom Williams | CQ-Roll Call, Inc. | Getty ImagesRep. Matt Gaetz said Thursday that he has learned the House Ethics Committee will subpoena him as it investigates whether the Florida Republican engaged in sexual misconduct with a minor or illicit drug use.Gaetz, a close ally of former President Donald Trump, made the statement in an angry letter to the Ethics Committee that declared he will “no longer voluntarily participate” in the panel’s probe.Gaetz…
Federal prosecutors have honed in on ties between New York City Mayor Eric Adams and little-known Turkish businessman Enver Yucel, CNBC has learned from the indictment and other public records, including campaign finance documents.A federal indictment unsealed on Thursday describes a 2021 campaign fundraising scheme involving Adams, his team and a person only identified in the indictment as “Businessman-1.” That man appears to be Yucel, the owner of a network of universities, including one in Turkey called Bahcesehir University and another based in Washington, D.C. named Bay Atlantic University.Yucel is described within the indictment as a businessman who owns a university in Turkey…
By Jeff Howe, Mike Sando, Mike Jones and Dianna RussiniFor a league bound by parity, the NFL is ruled by the organizations with the most stability.That all starts up top. A stable owner and a trustworthy front office are non-negotiable ingredients to sustained success on the field. The best front offices not only identify talent, they share a vision with each department of the organization and don’t allow office politics to interfere with the priority of winning games.Or, as one high-ranking executive surveyed for this project said: “It is the balance and interconnectivity of all the different departments and decision-making…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Andy Baehr of CoinDesk Indices discusses the catalysts behind bitcoin’s recent rally and the rate of adoption of digital assets among institutions. Source link
