Roku is poised for substantial gains ahead, according to KeyBanc Capital Markets. Analyst Justin Patterson upgraded shares of the streaming platform to overweight from sector weight. His $115 target on the stock suggests a potential upside of 29.8%. “Roku is benefiting from a combination of secular drivers, monetization initiatives, and an expense ‘self-help’ story,” Patterson wrote in a note to clients. “While we are mindful of stock price volatility, we believe Roku’s ~43% EBITDA growth CAGR (2024-2027E) and clean exposure to the CTV industry provide a compelling risk/reward. … In our view, Roku is turning the corner on monetization and…
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A view of damage following the devastating flash floods that hit Central Texas, United States, on Monday, July 7, 2025. Lokman Vural Elibol | Anadolu | Getty ImagesThe devastating Texas flooding that has killed nearly 120 people is the first high-profile disaster the Federal Emergency Management Agency has faced during the current Trump administration. But while the loss of life has been catastrophic, former and current FEMA officials told NBC News that the relatively small geographic area affected means it’s not a true test of what the agency, whose full-time staff has been shrunk by a third, is capable of doing in…
CNBC’s Phil LeBeau reports on Delta Air Lines’ quarterly earnings results. Source link
Hi, I’m Spriha Srivastava, executive editor for digital at CNBC International. Welcome to this edition of Inside India. This week, I look at how the boom in India’s derivatives markets has brought a whole host of worries for retail investors, who are typically young and drawn in by the promise of quick profits.Mumbai, India: A Securities and Exchange Board of India (SEBI) logo is seen on the office building at the Bandra Kurla Complex (BKC) business district in Mumbai.Sopa Images | Lightrocket | Getty ImagesThis report is from this week’s CNBC’s “Inside India” newsletter. Like what you see? You can subscribe here.The…
A Boeing 767-332(ER) from Delta Air Lines takes off from Barcelona El Prat Airport in Barcelona on Oct. 8, 2024.Joan Valls | Nurphoto | Getty ImagesDelta Air Lines trimmed its 2025 profit forecast as it deals with lower-than-expected demand this year and the industry manages a glut of flights, but the carrier’s outlook for summer travel beat Wall Street’s expectations.Delta, the first of the U.S. airlines to report results, expects adjusted earnings per share of between $1.25 and $1.75 in the third quarter, compared with Wall Street analysts’ forecast for $1.31 a share. It also said it expects revenue that’s…
London’s Old Street roundabout, home to many tech firms and sometimes dubbed “Silicon Roundabout.”Chris Ratcliffe | Bloomberg | Getty ImagesU.K. capital markets are at a crossroads. The country’s startups raised $8 billion in the first six months of the year, according to a report from Dealroom and HSBC Innovation Banking — more than France and Germany combined.It also found that the U.K. was Europe’s top destination for venture capital for the 30th consecutive quarter, claiming 30% of all capital raised across the continent so far this year.But there’s a flip side.Dealogic data shows fundraising from London IPOs in the first…
The Faroe Islands are rolling out road trips for travelers looking to explore beyond the usual hot spots.The catch? Visitors don’t know where the trips will take them. The Danish archipelago’s tourism board, Visit Faroe Islands, on Tuesday launched 30 itineraries that take travelers on self-guided driving tours. The tours are accessible via phone, but each stop is kept secret throughout the journey. “You never know where you’re going to end up, and none of the routes are published,” said Marta Karadottir, the organization’s content and communications manager. “We’re trying to keep that kind of curiosity alive with travelers ……
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Can running shoes be made by a spray gun? That’s the idea behind LightSpray, a new manufacturing technique created by Swiss sneaker company On. “It allows us to produce an upper material in a completely automated way,” said Marc Maurer, On’s former co-CEO who recently left the company. “A traditional product is touched by approximately 200 hands, which is very different here.” The upper part of the shoe is formed as a robot sprays a synthetic material called polymer onto a rotating foot-shaped mold. The process takes about three minutes per shoe. The final product doesn’t have seams or laces and fits…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market moves : Stocks were higher on Wednesday, with the S & P 500 on pace to break a two-day losing streak. The Nasdaq briefly touched a new all-time. A rally in tech stocks supported the market, as Club name Nvidia broke above a $4 trillion market value. The magic number to close at the milestone is $163.93. Session highs were above that, but the stock has lost some of its…
