Business

Here are Wednesday's biggest calls on Wall Street: Loop reiterates Nvidia as buy The firm said it's standing by the stock heading into earnings on Wednesday. "While there has been increased 'noise' throughout the Gen AI ecosystem of late the net of our work suggests that NVDA' s anticipated demand trajectory remains intact, and our work frankly hasn't picked up on any material alterations to our broader expectations.' Deutsche Bank upgrades Gaming & Leisure Properties to buy from hold Deutsche said shares of the real estate investment trust are "compelling." "We are upgrading shares of GLPI to Buy from Hold and raising our price target to $54 from $49, which, when coupled with the dividend yield, offers a compelling mid to high teens return, with what we believe to be limited downside ...

Here are five key things investors need to know to start the trading day:1. Investors await2. Comcast to splitPeople visit the Top of the Rock observation deck behind a Comcast corporate logo at the top of 30 Rock in Rockefeller Center seen from the Empire State Building on May 8, 2023, in New York City.Gary Hershorn | Corbis News | Getty ImagesComcast plans to move forward with the spinoff of its cable network channels, people familiar with the matter told CNBC on Tuesday. The networks that are part of the spinoff include CNBC, MSNBC, E!, Syfy, Golf Channel, USA and Oxygen, a person close to the matter said. The separation is expected to take about a year, and will give the cable networks the optionality to merge with other networks or potentially be sold to private equity, one of the peo...

Netflix's record-breaking boxing match between legend Mike Tyson and influencer Jake Paul cements the company's status as the winner in streaming, according to Pivotal Research Group. The firm raised its price target on Netflix to a Wall Street-high $1,100. That target, up from $925, implies upside of 26.2%. Pivotal said the change accounts for higher medium- and long-term subscriber and revenue estimates following the bout. The event shown on Netflix notched 65 million live concurrent streams and 108 million total live viewers worldwide, making it the most-streamed global sporting event on record. "Importantly, given the success of the Tyson/Paul fight we expect Netflix to accelerate its offerings of 'eventized' live programming, which further enhances NFLX's ability to offer households r...

The captain of the Disney Treasure is Voyager Minnie, a version of the character that is specially costumed for the cruise ship.DisneyThe Disney fleet is expanding.Next month, the Disney Treasure cruise ship will make its maiden voyage from Port Canaveral, Florida, to the Caribbean, officially becoming the sixth ship in the company's lineup.The Treasure, which is 221 feet tall and 1,119 feet long, can carry 4,000 passengers and 1,555 crew members. Like Disney's other cruise ships, the Treasure features themed dining, curated lounges and premium on-board live entertainment.As the Treasure sets sail, Disney, too, is embarking on its own journey. The company, which hadn't launched a new ship in a decade prior to the Disney Wish's debut in mid-2022, is entering an era of rapid expansion.Disney...

Customers buy flowers on stalls at Columbia Road Flower Market in East London.Henry Nicholls | Afp | Getty ImagesLONDON — U.K. inflation picked up sharply to a higher-than-expected 2.3% in October, data from the British Office for National Statistics showed Wednesday, tempering expectations of a December interest rate cut from the Bank of England.The hike marks a sharp increase from the 1.7% rise recorded in September and exceeds the 2.2% forecast of economists polled by Reuters.The latest print once again brings inflation above the Bank of England's 2% target, potentially dampening the prospects of a final interest rate cut this year.Sterling ticked up marginally following the latest inflation print, trading 0.1% higher at $1.2692 at 8:03 a.m. London time. The British pound was up 0.4% ag...

Former US President Donald Trump arrives during a "Get Out The Vote" rally in Greensboro, North Carolina, US, on Saturday, March 2, 2024.Bloomberg | Bloomberg | Getty ImagesDonald Trump's U.S. election victory has ratcheted up concerns about higher prices, prompting strategists to rethink the outlook for global bond yields and currencies.It is widely thought that the president-elect's pledge to introduce tax cuts and steep tariffs could boost economic growth — but widen the fiscal deficit and refuel inflation.Trump's return to the White House is seen as likely to throw a wrench in the Federal Reserve's rate-cutting cycle, potentially keeping an upward bias on Treasury yields. Bond yields tend to rise when market participants expect higher prices or a growing budget deficit.Alim Remtulla, c...

A picture shows a view of the U.S. Embassy in Kyiv on May 18, 2022. Sergei Supinsky | AFP | Getty ImagesThe U.S. closed its embassy in Kyiv on Wednesday, warning that it has "received specific information of a potential significant air attack" amid soaring tensions with Russia.The U.S. Embassy said in a statement that it was closing the building "out of an abundance of caution" and instructed embassy employees to shelter in place."The U.S. Embassy recommends U.S. citizens be prepared to immediately shelter in the event an air alert is announced," it added.Air alerts in Kyiv are a common occurrence, as the Ukrainian capital suffers frequent drone and missile attacks from Russia. But the latest alert comes amid rising tensions between Moscow and Washington, after reports that the White House...

One of the main faces of Hong Kong's pro-Democracy scene, British citizen and media tycoon Jimmy Lai, has started testifying in court.It is the first time he has spoken in court in a case that has been delayed for years. Lai, 77, has been charged under Hong Kong's national security law with two counts of conspiracy to commit foreign collusion and one count of publishing seditious material.He is accused of asking the US and other foreign countries to impose sanctions on Hong Kong and mainland China. Lai has denied all charges.The publisher's testimony began with an explanation about why he started the Apple Daily newspaper in the city. He said the publication represented the "core values" of Hong Kong.Read more:Son of Jimmy Lai calls for 'urgent' UK interventionCalls for Starmer to condemn ...

There's an old Wall Street phrase, "news follows the tape." It means that stock price movements often occur before news is widely known. That's been happening to stocks. The S & P 500 has been drifting lower for a week. It's been drifting lower on valuation concerns, concerns on potentially fewer rate cuts, stickier bond yields, and concerns about President-elect Donald Trump's tariffs and potential appointments. Now, with geopolitical issues around Russia/Ukraine , there is another log on the fire. This definitely puts the nuclear threat squarely on the table. Geopolitics has finally inserted itself into the market. So why are stocks, particularly cyclical sectors like industrials, rallying mid-morning? Bulls seem to want to believe this most recent Russian threat will lead to a deal ...

U.S. President-elect Donald Trump walks with Elon Musk before attending a viewing of the launch of the sixth test flight of the SpaceX Starship rocket, in Brownsville, Texas, U.S., November 19, 2024. Brandon Bell | Via ReutersPresident-elect Donald Trump attended Tuesday's launch of the SpaceX rocket Starship with company CEO Elon Musk."I'm heading to the Great State of Texas to watch the launch of the largest object ever to be elevated," Trump wrote on Truth Social, wishing Musk luck along with all the "great patriots" involved in the launch ahead of the event.Trump's presence at the SpaceX facility underscores his increasingly close relationship with the mega-billionaire Musk, whose political action committee heavily backed the Republican in the recent election.Trump has tapped Musk to c...