Hewlett Packard Enterprise poses an “attractive near-term value proposition” with its upcoming acquisition, according to Morgan Stanley. Ahead of HP’s earnings report Thursday after the bell, analyst Meta Marshall upgraded shares to overweight from equal weight. Marshall also raised her price target to $28 from $23, indicating 28.6% upside potential from Wednesday’s close. Earlier this year, HP announced it would acquire networking and cloud solutions company Juniper Networks in a deal worth around $14 billion. The transaction, which is expected to close before year-end or in early 2025, could help power HP’s share multiple above that of its hardware and…
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Art Cashin speaking at the NYSE on Dec. 30th, 2022. CNBCArt Cashin, UBS’ director of floor operations and a fixture at the New York Stock Exchange for nearly 60 years, died this week at age 83. Cashin was one of the great historians of the stock market, but he was not an academic. His method of teaching did not involve citing academic studies. Instead, he taught by telling stories.In an attempt to explain why people should think deeper about what they are doing, he often told stories that illustrated a favorite theme: Why the obvious answer is not always the correct answer. Cuban Missile…
The Coinbase and bitcoin logos are displayed on a phone screen in San Anselmo, California, on Feb. 15, 2024.Justin Sullivan | Getty ImagesCryptocurrency-related stocks popped in premarket trading Thursday after the price of bitcoin soared above $100,000 for the first time overnight.MicroStrategy surged 6.1%, while Robinhood Markets and Coinbase Global climbed 4.3% and 3.5% each. Mara Holdings and Riot Platforms added around 6% and 4%, respectively.Year to date, MicroStrategy has soared 542.8% as of Wednesday’s close. Robinhood has rallied more than 200%, while Coinbase has nearly doubled. Mara Holdings has lagged the group with a 10.5% gain.Investors have become bullish…
As the price of bitcoin surged above $100,000 for the first time late Wednesday, Standard Chartered believes the flagship cryptocurrency can to double by the end of next year. Analyst Geoff Kendrick said in a Thursday note that the firm’s end-of-2025 price target on bitcoin around the $200,000 level is “achievable.” “We would turn even more bullish if BTC saw more rapid uptake by U.S. retirement funds, global sovereign wealth funds (SWFs), or a potential US strategic reserve fund,” Kendrick wrote. “In 2025, we expect institutional flows to continue at or above the 2024 pace. MicroStrategy is running ahead of…
CNBC’s Jim Cramer opined on artificial intelligence, explaining why Salesforce’s recent quarter suggests the innovative potential for the new technology is strong.”I try not to go into too much depth about the power of AI because I’m sure you’re sick of hearing about it,” he said. “But now I’m thinking maybe I don’t talk enough about it at all. There’s just too much money being made, and I don’t want to downplay that.”The enterprise software giant’s revenue and guidance exceeded analysts’ expectations, and shares jumped nearly 11% during Wednesday’s session. On the earnings call, Salesforce CEO Marc Benioff boasted about…
The deadline for most people to file their 2024 federal tax return is April 15, 2025. Some Americans have a different due date, however, and state filing deadlines are all over the place.Here are all the tax deadlines for 2025, plus when you need to file if you get an extension and when you should expect your refund. When are taxes due?Tax season starts the day the IRS begins accepting returns, typically in late January. For most people, the last chance to file a 2024 federal tax return will be Tuesday, April 15, 2025, at midnight local time. Residents and businesses…
A man wearing an outfit with a face mask of South Korea’s President Yoon Suk Yeol dances outside the National Assembly in Seoul, South Korea on December 4, 2024, after Yoon declared martial law. South Korea’s President Yoon Suk Yeol on December 3 declared martial law, accusing the opposition of being “anti-state forces” and saying he was acting to protect the country from “threats” posed by the North. Anthony Wallace | Afp | Getty ImagesThis report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no…
Inspiration4 mission commander Jared Isaacman, founder and chief executive officer of Shift4 Payments, stands for a portrait in front of the recovered first stage of a Falcon 9 rocket at Space Exploration Technologies Corp. (SpaceX) on February 2, 2021 in Hawthorne, California. Patrick T. Fallon | Afp | Getty ImagesPresident-elect Donald Trump on Wednesday nominated Jared Isaacman, the billionaire CEO of Shift4 who has led two private spaceflights, to be the next head of NASA. “Jared will drive NASA’s mission of discovery and inspiration, paving the way for groundbreaking achievements in Space science, technology, and exploration,” Trump wrote in a post…
A pedestrian walks past a Vodafone store in central London on May 16, 2023. British mobile giant Vodafone is to axe 11,000 jobs over three years in the latest cull to hit the tech sector, as new boss Margherita Della Valle slammed recent performance.Adrian Dennis | AFP | Getty ImagesBritain’s competition regulator on Thursday approved the merger between telecommunication firms Vodafone and Three in the U.K., subject to certain conditions.The Competition and Markets Authority (CMA) said the £15 billion ($19 billion) tie-up should be allowed to proceed if both companies sign “binding commitments to invest billions” to roll out a…
The Equinor ASA offshore oil drilling platform on Johan Sverdrup oil field in the North Sea off the coast of Norway, on Monday, Feb. 13, 2023.Bloomberg | Bloomberg | Getty ImagesOil major Shell and Norway’s Equinor on Thursday announced plans to combine their British offshore oil and gas assets to create a jointly owned energy company.This is breaking news. Please refresh for updates. Source link
