Claims that former U.S. President Donald Trump is a threat to the country’s democracy have been weakened by the legacy of his first term, historian Niall Ferguson said Friday.”I think this whole argument that Donald Trump was going to end democracy and establish some kind of American fascism was blown up because of the way his first term went. Remember, all these things were said in 2016, that Trump would be a tyrant,” Ferguson told CNBC’s Steve Sedgwick at the Ambrosetti Forum, an annual economic conference held in Italy.”The great weakness, in my view, of Trump’s case has always been…
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Check out the companies making headlines before the bell. Bowlero – Shares gained more than 12% after the bowling alley chain’s revenue for the fiscal fourth quarter revenue topped Wall Street’s expectations. Revenue for the period came in at $283.9 million. According to FactSet, analysts had expected $273.4 million. The higher end of the company’s revenue outlook for fiscal 2025 was also above estimates. UiPath – The stock rose more than 8% following the software company’s better-than-expected second-quarter results. UiPath posted adjusted earnings of 4 cents per share on $316 million in revenue. Analysts surveyed by LSEG estimated 3 cents…
Here are Friday’s biggest calls on Wall Street: JPMorgan upgrades Nio to overweight from neutral JPMorgan said a turnaround is underway for the China EV company. “We are upgrading NIO to OW from Neutral on the back of: 1) higher visibility on new model initiatives and pipeline into 2025; and 2) rapid improvement in cash position and hence removal of investors’ concerns of further fund raising or equity dilution risk.” Barclays initiates MicroStrategy as overweight Barclays said the crypto company has a “unique and differentiated” offering. “We are initiating coverage of MSTR with an OW rating and $146 price target.…
(This is a wrap-up of the key money moving discussions on CNBC’s “Worldwide Exchange” exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. ET each day) Word of the Day: Relieved Malcolm Ethridge of CIC Wealth said if the Federal Reserve cuts by a half point, it could have the opposite effect investors expect on the market. “Anything more than 25 basis points will send a negative signal to the market,” said Ethridge. “This is a market that has been hanging on to every single Fed meeting for the last two years. Anything more than a slight escalator down,…
People walk through the financial district by the New York Stock Exchange (NYSE) on August 14, 2024, in New York City. Spencer Platt | Getty ImagesThere have been several infamous insider trading cases on Wall Street, including Ivan Boesky in the 1980s, Martha Stewart in the early 2000s, and SAC Capital Advisors’ Mathew Martoma in the 2010s. But one of the most damaging insider trading schemes in recent years can’t be linked back to a U.S.-based trading floor or brokerage firm. Instead, it came from Russia.As detailed in CNBC’s new original podcast series “The Crimes of Putin’s Trader,” Russian entrepreneur Vladislav…
Amazon Web Services CEO Adam Selipsky speaks with Anthropic CEO and co-founder Dario Amodei during AWS re:Invent 2023, a conference hosted by Amazon Web Services, at The Venetian Las Vegas in Las Vegas on Nov. 28, 2023.Noah Berger | Getty ImagesAlmost three years into a largely dormant IPO cycle, venture capitalists are in a tough spot.The private market is dotted with richly valued artificial intelligence startups, including some that are described as generational companies. But venture firms in need of exits aren’t going to get relief from AI anytime soon.That’s because, unlike prior tech booms, VCs aren’t at the center…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailHungarian Prime Minister Viktor Orbán said the previous European Commission was unsuccessful and it’s not clear the new Commission will be any different. “I try to support the Commission as much as I can, but being a rational man, I think we neglected the desire of the voters for change,” he told CNBC’s Steve Sedgwick at the Ambrosetti Forum. Source link
The artificial intelligence trade is not just for traditional tech companies. We have three industrial stocks in the portfolio that will keep getting more and more business as AI proliferates and data centers are built and rebuilt to handle the increasing computing workloads. Beyond AI, there are other fundamental reasons to buy them as well. However, what price levels should you pay? Like Thursday’s look at buy levels for our four 1-rated megacaps — Amazon , Meta Platforms , Microsoft , and Nvidia — we like the business prospects of those industrial names and think their stocks will move higher…
Pavel Durov, chief executive officer of Telegram, at the Mobile World Congress in Barcelona, Spain, on Tuesday, Feb. 23, 2016.Chris Ratcliffe | Bloomberg | Getty ImagesThe boss of messaging platform Telegram said late Thursday that charges against him by France are “misguided,” in his first public comments since being detained in the country nearly two weeks ago.Pavel Durov, who founded Telegram in 2013, was last week charged with enabling criminal activity on the messaging app — including dissemination of child pornography, drug trafficking, and fraud, and refusal to share information with authorities.One of the charges — complicity in the administration…
(This is CNBC Pro’s live coverage of Friday’s analyst calls and Wall Street chatter. Please refresh every 20-30 minutes to view the latest posts.) A chipmaker and a Chinese electric vehicle maker were among the stocks being talked about by analysts on Friday. Analysts gave their thoughts on Broadcom after the company’s latest quarterly figures. Meanwhile, JPMorgan raised its rating on Nio shares. Check out the latest calls and chatter below. All times ET. 6:06 a.m.: Mizuho upgrades Fortive following spin-off plan Mizuho joined the bull camp on Fortive following its spinoff announcement. Executive Director Brett Linzey upgraded the industrial…
