Meta Platforms is a buy following the release of its long-awaited artificial intelligence model this week, according to JPMorgan. The investment bank reiterated its overweight rating for Meta. It also reaffirmed its $825 price target on shares, suggesting 34.7% upside from Wednesday’s close. “The launch of Muse Spark should provide increased confidence in Meta’s scaling…
The housing market will hamper economic growth in the second half of the year, according to Goldman Sachs. Residential investment should fall 8% in the back-half of the year compared with the same period a year ago, Jan Hatzius, Goldman’s chief economist, told clients in a Sunday note. Declines in affordability and immigration are among…
The City of London financial district at sunrise. Alexander Spatari | Moment | Getty Images Bank chiefs in London are calling for greater policy clarity and stability amid fears that looming tax hikes in the forthcoming U.K. budget could hit the financial services sector. Speaking with CNBC’s Steve Sedgwick and Ritika Gupta in London’s Canary…
Three-time Cy Young Award winner Max Scherzer will start Game 4 of the American League Championship Series for the Toronto Blue Jays against the Seattle Mariners. Scherzer was activated after being left off the roster for the Division Series against the New York Yankees and is slated to make his 26th postseason start and 31st…
Taylor Swift (L) and Travis Kelce are seen in the Meatpacking District on Dec. 28, 2024 in New York City. TheStewartofNY | GC Images | Getty Images Company: Six Flags Entertainment (FUN) Business: Six Flags Entertainment is a regional amusement-resort operator with approximately 27 amusement parks, 15 water parks and nine resort properties across 17…
Brandon Aiyuk’s days with the San Francisco 49ers already felt numbered, but President of Football Operations John Lynch erased any doubt regarding that notion at a press conference on Wednesday. “The plan in terms of the transaction that will come in due time. I think it’s safe to say that he [Aiyuk] has played his…
A sign is posted in front of Workday headquarters on Feb. 6, 2025 in Pleasanton, California. Justin Sullivan | Getty Images Activist investor Elliott Management said on Tuesday it has taken more than $2 billion stake in human resources software seller Workday. Elliott said it is pleased with its dialogue with the leadership team at…
The San Francisco 49ers suffered another devastating injury on Sunday. But, thanks to a strong supporting cast, they found a way to prevail once again. San Francisco pulled off the biggest playoff upset so far in what’s been a wild wild-card round, defeating the Philadelphia Eagles, 23-19, on the road. Unheralded wide receiver Demarcus Robinson…
The National Thanksgiving turkeys, Blossom and Peach, wait before being pardoned by U.S. President Joe Biden during a ceremony on the South Lawn of the White House on November 25, 2024 in Washington, DC. Andrew Harnik | Getty Images The price of turkeys is soaring this Thanksgiving, and experts say consumers will have to hunt…
LONDON — European markets are expected to open in the red, extending losses into a second day after hitting record highs last week. The U.K.’s FTSE 100 is seen almost 0.2% down, France’s CAC is set to be 0.1% below the flatline, and Germany’s DAX is set for a soft open, according to data from…
