Day: August 14, 2024
20 analysts raised their price targets on this Asian AI-linked stock in the past 2 weeks
One under-the-radar stock linked to the artificial intelligence supply chain — particularly Nvidia’s — is a hot favorite among analysts right now. That’s Taiwan-listed Delta Electronics , an electronics manufacturing firm. Twenty analysts raised their price targets for the stock, none lowered it and only one kept it unchanged it in the past two weeks, […]
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UBS reveals its most and least preferred Asian tech stocks — giving 2 over 100% upside
Asia’s tech stocks have taken a hit from the recent tech sell-off, but UBS sees promise in the sector, naming its most — and least — preferred stocks in it. “Bottom up, we do not believe the Tech outlook has dramatically changed,” the investment bank’s analysts led by Nicolas Gaudois wrote in an Aug. 6 […]
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Starbucks is giving incoming CEO Brian Niccol $85 million in cash and stock for leaving Chipotle
Brian Niccol, CEO of Chipotle Anjali Sundaram | CNBC Starbucks offered incoming CEO and Chair Brian Niccol a pay bump and hefty one-time awards to lure him from his prior role as chief executive at Chipotle Mexican Grill. Niccol officially takes the reins at the embattled coffee chain on Sept. 9. As CEO, he’ll be […]
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Why NASA astronauts are waiting to return on Boeing’s Starliner
NASA astronauts Butch Wilmore, left, and Suni Williams pose inside the hatch connecting Boeing’s Starliner to the International Space Station on NASA Log entry: Day 71. Butch Wilmore and Suni Williams are waiting. Boeing is waiting. And throughout the halls of NASA, leaders and engineers are gathering, analyzing and deliberating. Boeing’s Starliner capsule “Calypso” has […]
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Alaska Airlines flight attendants reject new contract, union says there’s ‘more work to do’
An Alaska Airlines Boeing 737-900ER aircraft on the tarmac at Seattle-Tacoma International Airport (SEA) in Seattle, Washington, US, on Monday, Jan. 22, 2024. David Ryder | Bloomberg | Getty Images Alaska Airlines flight attendants rejected a new labor deal that would have come with immediate raises averaging more than 24%, their union said Wednesday, setting […]
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How Elliott’s monthslong Starbucks campaign got it a better deal than it asked for
People seen around the Starbucks coffee store in Shenzhen, China. Jakub Porzycki | Nurphoto | Getty Images In May, it was a $2.5 billion stake in Texas Instruments and a $1 billion-plus position at Johnson Controls. In June came a $2 billion stake in Southwest Airlines and an equally large investment in Japanese conglomerate SoftBank. […]
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Stocks making the biggest moves after hours: Cisco, Ulta, Nike and more
Check out the companies making headlines in after-hours trading. Cisco Systems — The stock jumped 6% after the networking company reported an earnings and revenue beat for its fiscal fourth quarter, and also issued an optimistic forecast. Cisco posted adjusted earnings of 87 cents per share on revenue of $13.64 billion, while analysts polled by […]
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FTC bans fake online reviews, inflated social media influence; rule takes effect in October
Federal Trade Commission Chair Lina Khan testifies during a hearing of the House Appropriations Subcommittee on Financial Services and General Government, May 15, 2024. Tom Williams | CQ-Roll Call, Inc. | Getty Images The Federal Trade Commission on Wednesday voted unanimously to ban marketers from using fake reviews, such as those generated with AI technology, […]
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Cisco cutting 7% of workforce, reports earnings and revenue beat for quarter
Cisco CEO Chuck Robbins participates at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2023. Hollie Adams | Bloomberg | Getty Images Cisco shares popped in extended trading on Wednesday after the networking company said it’s cutting 7% of its global workforce and reported quarterly results that topped analysts’ estimates. Here are the […]
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Warren Buffett’s Berkshire Hathaway builds new stakes in Ulta Beauty, Heico
Warren Buffett’s Berkshire Hathaway took small stakes in beauty retailer Ulta Beauty as well as electronics and aerospace firm Heico last quarter, according to its latest 13F regulatory filing . The Omaha-based conglomerate unveiled a $266 million bet in Ulta Beauty and a $186 million stake in Heico. The positions are relatively minor for Berkshire, […]
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