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Don't be surprised if Roku gets scooped up by a competitor in 2025, according to Needham. "The top 6 reasons to acquire Roku (our view) include its installed base, unique data sets, pricing power, shelf space, buy vs build advantages, and the fact that it's now the only scaled CTV platform that can be purchased," wrote analyst Laura Martin. She expects the company to be bought for a "large premium" over the next 12 months as Republicans take control of regulatory agencies. Shares popped about 5% before the bell. Despite a 17% year-to-date slump, Martin holds a buy rating and $100 price target, reflecting 32% upside from Tuesday's close. The potential buyers include a slew of streamers such as Netflix , connected TV advertising companies such as The Trade Desk , retailers and large language...

Wall Street is turning more bullish on shares of Marvell Technology in the wake of a strong earnings report. Shares popped more than 13% in the premarket after the integrated circuit maker surpassed third-quarter estimates after the bell Tuesday and issued upbeat revenue guidance. The findings prompted a slew of Wall Street firms to lift their respective price targets on the semiconductor. JPMorgan analyst Harlan Sur moved his forecast to $130 a share, reflecting nearly 36% upside. "The company's cyclical businesses are now inflecting higher and the AI / cyclical tailwinds will continue into CY25, in our view, and catalyzing a multi-quarter period of positive EPS revisions," wrote Sur, who has an overweight rating on the stock. Shares have rallied 59% this year as investors ramp up beats o...

Seats in the economy class cabin on board an American Airlines Boeing Co. 777-300ER aircraft.Brent Lewin | Bloomberg | Getty ImagesU.S. airline executives are set to defend their seating fees before a Senate panel Wednesday after the subcommittee accused the industry of charging "junk" fees to bring in billions in revenue.American, Delta, United, Spirit and Frontier brought in $12.4 billion in seating fees between 2018 and 2023, according to a report released Nov. 26 by the Senate Permanent Subcommittee on Investigations.Those extra charges are for seats with additional legroom, as well as those in "preferred" locations that are closer to the front of the plane, or window or aisle seats, the report noted."Our seat selection products are all voluntary," Stephen Johnson, American's chief str...

A visual representation of the digital Cryptocurrency, Bitcoin, displayed on December 23, 2017 in Paris, France.Chesnot | Getty ImagesLONDON — Britain is making a fresh pitch to become a global crypto hub, but faces a tough road ahead amid criticism from local entrepreneurs and U.S. competition under President-elect Donald Trump.Britain's Labour government has committed to making the country an accommodative environment for businesses engaged in crypto and blockchain-related activities.In a recent speech, U.K. Economic Secretary to the Treasury Tulip Siddiq said the government aims to engage firms on draft legal provisions for digital assets including stablecoins — tokens pegged to the value of sovereign currencies — "as early as possible next year."She also said the government wouldn't ap...

France's Prime Minister Michel Barnier ponders during a session of questions to the government at the National Assembly in Paris, on December 3, 2024.Julien De Rosa | Afp | Getty ImagesThe French government once again stands on the brink of collapse, after Prime Minister Michel Barnier refused to bend to demands from right and left parties to make further concessions on the country's budget plans.He now faces a no-confidence vote on Wednesday afternoon, which he is nearly certain to lose.Meanwhile, the German government is already on track for a snap election early next year, with its own no-confidence vote set to take place in the next few weeks.Even in the U.K., Prime Minister Kier Starmer and Finance Minister Rachel Reeves are under pressure just five months into the job, with disputes ...

A man holds the South Korea flag outside the National Assembly in Seoul on December 4, 2024, after President Yoon Suk Yeol declared emergency martial law. South Korea's President Yoon Suk Yeol on December 3 declared emergency martial law, saying the step was necessary to protect the country from "communist forces" amid parliamentary wrangling over a budget bill. Anthony Wallace | Afp | Getty ImagesSouth Korean stocks fell in a volatile trading session Wednesday amid political upheaval that saw President Yoon Suk Yeol reverse a surprise martial law decree that he imposed hours earlier.Minutes before the markets opened, Kim Byung-hwan, vice-minister of economy and finance, said the regulator was ready to deploy 10 trillion won ($7.07 billion) to stabilize the stock market "at any time," loca...