There could be even more upside in store for Meta Platforms following its latest quarterly results, according to Loop Capital. The firm reiterated its buy rating on the Facebook owner and hiked its price target to $888, which reflects about 38% upside from Thursday’s closing level. Its previous price target was $695, per FactSet. “While our pre-quarter checks had pointed to resilience, our expectation that a drop in spending intensity from China-based advertisers would flatten revenue growth was a misread,” analyst Rob Sanderson wrote in a Thursday note. “This large spending cohort has backed off (with some geographic reallocation) but…
Author: usaeverydaylife
Sopa Images | Lightrocket | Getty ImagesCharter Communications and Cox Communications, two of the largest cable companies in the U.S., have entered into an agreement to merge. The deal would be one of the largest in the industry – and across corporate America – in the last year. The agreement values Cox at $34.5 billion on an enterprise basis – comprised of $21.9 billion of equity and $12.6 billion of net debt and other obligations – in line with Charter’s recent enterprise value based on 2025 estimated adjusted earnings before interest, taxes, depreciation and amortization multiple, according to a news release Friday. Charter,…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailJohannes Reck, CEO of GetYourGuide, discusses how consumers’ approach to travel has changed and why experiences are now the number one priority for people as they go on holiday. Source link
The Microsoft Teams app on a laptop arranged in New York, US, on Tuesday, June 25, 2024. Gabby Jones | Bloomberg | Getty ImagesMicrosoft offered to unbundle its Office 365 and Microsoft 365 software suites from its Teams workplace communication app to address competition concerns from European regulators.The European Commission, which is the executive arm of the European Union, said Friday that Microsoft made commitments to address concerns over the tying of Teams to its widely-used productivity tools, such as Word and Outlook.Under a series of proposals, Microsoft has committed to make versions of Office 365 and Microsoft 365 available…
Lamar Jackson with the winners of the 2025 NTL Kickoff Race.Courtesy: National Thoroughbred LeagueBaltimore Ravens quarterback Lamar Jackson has a singular goal both on the football field and as owner of the Maryland Colts horse racing franchise in the National Thoroughbred League.”I just want to win a championship,” Jackson told CNBC. “I want to win one in the National Football League. I want to win one in the NTL.”Jackson purchased the Maryland Colts in 2024, basing the franchise in Baltimore where the Colt moniker was previously attached to a Super Bowl-winning National Football League team.The Maryland Colts are part of…
Jakub Porzycki | Nurphoto | Getty ImagesFortnite is now unavailable on iOS globally, Epic Games said Friday, after Apple blocked a bid to reinstate the popular game on the App Store in the U.S.”Apple has blocked our Fortnite submission so we cannot release to the US App Store or to the Epic Games Store for iOS in the European Union,” the official account or Fortnite wrote in a post on social media platform X. “Now, sadly, Fortnite on iOS will be offline worldwide until Apple unblocks it.”CNBC has reached out to Apple for comment. This is a breaking news story.…
Downtown Beijing on May 2, 2025.Greg Baker | Afp | Getty ImagesBEIJING — Alibaba, Tencent and JD.com reported earnings this week that not only reflected improving Chinese consumer spending, but also the growing benefits of artificial intelligence in advertising.E-commerce giant Alibaba said late Thursday its Taobao and Tmall group sales rose by 9% year on year to 101.37 billion yuan ($13.97 billion) for the three months ended March 31. That’s above the 97.94 billion yuan predicted by a FactSet analyst poll, and the quarterly growth figure was well above the 3% segment increase for the 12-month period ending March 31.”The…
U.S. Secretary of the Treasury Scott Bessent, China’s Vice Minister of Finance Liao Min, U.S. Trade Representative Jamieson Greer, and China’s International Trade Representative and Vice Minister of Commerce Li Chenggang, meet on the day of a bilateral meeting between the U.S. and China, in Geneva, Switzerland, May 11, 2025. Keystone/eda/martial Trezzini | Via ReutersChinese trade envoy Li Chenggang described talks with the U.S. as “good” after their first high-level talks in Switzerland on May 12 led to a thawing in trade tensions, even as both sides continued to trade thinly veiled swipes.When asked by CNBC whether the dialogues were constructive, Li, who…
U.S. President Donald Trump signs a guest book next to United Arab Emirates President Sheikh Mohamed bin Zayed Al Nahyan, at Qasr Al Watan, in Abu Dhabi, United Arab Emirates, May 15, 2025. Brian Snyder | ReutersABU DHABI, United Arab Emirates — The U.S. and United Arab Emirates are working on a path to allow Abu Dhabi to purchase some of the most advanced American-made semiconductors for its AI development, U.S. President Donald Trump said from the Emirati capital Friday.”Yesterday the two countries also agreed to create a path for the UAE to buy some of the word’s most advanced…
Is the UK really the fastest-growing economy in the G7?British Prime Minister Keir Starmer said Thursday that the U.K. has the fastest economic growth in the Group of Seven — the bloc made up of major economies Canada, the U.K., France, Germany, the U.S., Italy and Japan.His comments came after data showed the U.K.’s economy grew by a better-than-expected 0.7% in the first quarter of the year.A comparison of the seven countries’ most recent quarterly gross domestic product releases shows that the U.K. is indeed experiencing the fastest pace of economic growth. Canada, which is set to publish its first quarter…
