Bernstein believes that shares of Charter Communications could rise, boosted by a recovering financial backdrop. The investment firm upgraded the telecommunications giant to an outperform rating from market perform. However, analyst Laurent Yoon accompanied the move by lowering his price target to $380 from $410. This new forecast still corresponds to an upside ahead of 23%. Shares of Charter are down 10% this year. CHTR YTD mountain CHTR YTD chart While Yoon noted that Charter’s underlying fundamentals “remain challenged,” he also pointed out that the company’s financials should only get better from this point forward. “Charter’s financial narrative is expected…
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Marco Pistoia, Global Technology’s Head of Applied Research and Engineering at JP Morgan.Source: JP MorganIonQ has hired the former head of applied research at JPMorgan Chase to help corporate clients of the quantum firm adopt next-generation hardware, algorithms and security, CNBC has learned.Marco Pistoia, who was head of JPMorgan’s internal research group from 2020 to this year, will join IonQ as senior vice president of industry relations, the quantum computing firm is expected to announce on Monday.JPMorgan, the largest U.S. bank by assets, recently overhauled the leadership of its research group, which worked on quantum computing and other advanced technologies.…
The Huawei flagship store and the Apple flagship store at Nanjing Road Pedestrian Street in Shanghai, China, Sept. 2, 2024.Cfoto | Future Publishing | Getty ImagesHuawei reclaimed the top spot in China’s smartphone market in the second quarter of the year, while Apple returned to growth in the country — one of its most critical markets — data released by technology market analyst firm Canalys showed on Monday.Huawei shipped 12.2 million smartphones in China in the three months ended June, a rise of 15% year on year — equating to 18% market share. It’s the first time Huawei has been…
European automakers and pharmaceutical companies are emerging as the immediate winners in the aftermath of the U.S.-EU trade deal agreed on Sunday. The new accord removes the overhang of more punitive tariffs, providing a relief rally to stocks in the sector. Under the agreement, details of which have not yet been revealed, exports from the European Union to the U.S. will incur a 15% tariff, ending months of uncertainty. The clarity has been welcomed by investors, with analysts calling it a “positive catalyst.” European stocks are rising around 1% on the news. However, the deal leaves the steel and aluminum…
Omar Marques | Lightrocket | Getty ImagesUnitedHealth Group Chairman and CEO Stephen Hemsley will face the first real test Tuesday of his ability to regain investor confidence as the largest private U.S. insurer reports earnings.The Dow component has seen its share price cut nearly in half since mid-May, with the stock on pace for its worst year in more than a decade, after earnings in its flagship Medicare program and Optum Health physician practices plummeted. That led to the abrupt resignation of former CEO Andrew Witty, forcing the company to reinstate ex-CEO Hemsley to replace him and suspend earnings guidance.…
A general view of production lines at the Mercedes-Benz assembly plant on June 4, 2025 in Rastatt, Germany.Florian Wiegand | Getty Images News | Getty ImagesU.S. President Donald Trump has hailed the framework trade agreement with the European Union as the biggest trade deal ever made and one that promises to be “great for cars.”An agreement brokered on Sunday between the U.S. and the EU means the Trump administration will impose a blanket tariff of 15% on most EU goods.It represents a significant reduction from Trump’s threat to impose charges of 30% from Aug. 1 and almost halves the existing…
Chinese telecoms giant Huawei showed off its Ascend chips and system for powering artificial intelligence models at the World AI Conference in Shanghai on July 26, 2025.CNBC | Evelyn ChengBEIJING — Less than two weeks after Nvidia CEO Jensen Huang’s high-profile visit to Beijing, the U.S. chipmaker was conspicuous by its absence at China’s biggest AI event of the year.Despite renewed hopes this month of selling its less advanced H20 chips to China again, Nvidia didn’t have a booth at the World AI Conference that opened Saturday in Shanghai. The company declined CNBC’s request for comment.In contrast, Nvidia’s China rival,…
Customers line up in front of the Laopu Gold Store in Shanghai, China, February 27, 2025.Cfoto | Future Publishing | Getty ImagesShares of Laopu Gold fell to their lowest levels since May 20 after the Chinese jewelry upstart forecasted its net profit for the first half of 2025 would increase between 279% and 288% year over year, or between RMB 2.23 billion and RMB 2.28 billion ($311.11 million to $318.08 million).The stock, which is up 203.07% for the year to date, rose nearly 4% in early trade, but pared back gains as investors locked in their profits.While shares of Laopu Gold are on…
China’s artificial intelligence companies have announced two new industry alliances with the aim of developing a domestic ecosystem. Vertigo3d | E+ | Getty ImagesChina’s artificial intelligence companies have announced two new industry alliances, aiming to develop a domestic ecosystem to reduce dependence on foreign tech as they seek to cope with U.S. export restrictions on advanced Nvidia chipsets.The announcements were timed to coincide with the three-day World Artificial Intelligence Conference in Shanghai ending on Monday.The conference also showcased a slew of new products, such as an AI computing system from Huawei that experts believe rivals Nvidia’s most advanced offering, as well as consumer-friendly products such as several kinds of digital AI glasses.The “Model-Chip Ecosystem Innovation…
Alibaba announced plans to release a pair of smart glasses powered by its AI models. The Quark AI Glasses are Alibaba’s first foray into the smart glasses product category.AlibabaAlibaba on Monday unveiled a pair of smart glasses powered by its artificial intelligence models, marking the Chinese firm’s first foray into the product category.The e-commerce giant said the Quark AI Glasses will be launched in China by the end of 2025 with hardware powered by the firm’s Qwen large language model and its advanced AI assistant called Quark.The Hangzhou, headquartered company is one of the leaders in China’s AI space, aggressively…
