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[ad_1] KBW sees a rosy outlook ahead for shares of Lazard . The firm upgraded the bank stock to an outperform rating from market perform. Analyst Alex Bond also lifted his price target to $65 per share from $60, signaling roughly 16% upside from Friday’s close. Bond pointed to improving asset management inflows as a catalyst that could propel the investment bank higher. “Following July inflows of $4.5B, YTD inflows now total $1.5B, putting LAZ management’s stated ‘stretch goal’ of net neutral inflows in 2025 squarely in reach,” the analyst wrote. “While acknowledging that institutional flows can be lumpy, the…

[ad_1] American Eagle’s Sydney Sweeney boost will not last long, according to Bank of America. Ahead of the clothing retailer’s second-quarter earnings release on Sept. 3, analyst Christopher Nardone downgraded shares to underperform from neutral. He also lowered his price objective to $10 per share from $11, which signals downside of more than 21% from Friday’s close. Nardone noted that the boost from the Sweeney ad push will be sapped by higher tariffs. “AE and Aerie are in tough positions to navigate tariffs; we do not think that either brand has much pricing power,” he wrote. “We cut our F25/F26…

[ad_1] For Pavel Durov, data privacy is a matter of life and death.The founder and CEO of the messaging and social media app Telegram outlined his stance in a post on X on Sunday.”I’d rather die — no third party has access to private messages on Telegram,” the Russian-born entrepreneur wrote in response to a comment that suggested he gave French authorities “backdoor” access to Telegram data.Durov became a symbol of the struggle over user data privacy between social media companies and national governments after he was arrested by French authorities one year ago, in August 2024.The CEO was detained…

[ad_1] Stifel is staying bullish on Nvidia ahead of the graphic processing unit designer’s next earnings release due out Wednesday. The firm maintained its overweight rating on the stock, while raising its price target to $212 from $202. This updated forecast implies shares could rise 19% from their Friday close. Analyst Ruben Roy pointed to “accelerating broad-based demand” for Nvidia’s GB300 platform as a tailwind for the company. “Our supply chain discussions continue to point to expectations for ramping GB300 orders into year-end even as sustained GB200 demand continues,” he wrote. “We expect a modest F2Q beat relative to consensus,…

[ad_1] 2025-08-25T09:43:01Z Share Facebook Email X LinkedIn Reddit Bluesky WhatsApp Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Companies such as Microsoft, Coinbase, and Shopify now require workers to use generative AI. Some are even using tracking software to identify team members who aren’t complying. Regular use of AI among frontline employees has stalled at 51%, recent survey data show. In a growing number of workplaces,…

[ad_1] Ken Griffin has never been one to hold back his opinion — there are just more people listening now.After decades of influencing the world of finance and markets, the billionaire founder of Citadel and Citadel Securities has lately found himself talking more about education and immigration than his firms. He’s stepped into national debates — saying Trump’s tariff policies were “eroding” the US brand, for example — and is helping shape Miami, where he’s set to headline a leadership summit alongside Will Smith and Lionel Messi.As one of the biggest donors to the GOP and one of the country’s…

[ad_1] Tesla is turning to a well-worn blueprint to train its humanoid robot.The carmaker told employees in late June it would focus more on a vision-only approach for the Optimus program, insiders familiar with the team told Business Insider.Tesla previously used motion capture suits and virtual reality headsets to record data from human operators and remotely operate the robot. Now, the automaker will primarily focus on recording videos of workers performing tasks to teach the robot how to do things like pick up an object or fold a t-shirt.The company said moving away from motion capture suits and teleoperation would…

[ad_1] When Meta CEO Mark Zuckerberg slides into your employees’ DMs, how do you stop them from leaving?It’s a question tech companies have wrestled with this summer as the AI talent wars reached fever pitch. And it’s not just Meta on the offensive; Google, OpenAI, Microsoft, Amazon, and others are all vying for researchers and AI whizzes capable of making the next big breakthrough. In some cases, they’re dangling life-changing sums of money to get them.The talent wars ratcheted up another level in recent months as Meta began poaching talent for its new AI superintelligence lab, known as TBD. OpenAI…

[ad_1] This as-told-to essay is based on a conversation with Luis Bautista, 82, who works as a personal life coach and tech startup cofounder. Bautista, who lives in Tucson, Arizona, said he self-studied AI, such as prompt engineering. He works because he has to financially, though he said that even if money weren’t tight, he wouldn’t retire. This interview has been edited for length and clarity.My outlook is that I have no control over what’s happening, but I do have control over how I respond. You have to choose to be happy. I can work until I have to leave…

[ad_1] Warren Buffett’s last trades as Berkshire Hathaway CEO are capturing particular attention ahead of his retirement at the end of this year.Business Insider asked three longtime followers of the legendary investor what they thought of them.’The perfect Buffett play’Berkshire built a $1.6 billion stake in embattled insurer UnitedHealth, its latest portfolio update showed.The stock has nearly halved over the past 12 months to trade at five-year lows as investors fret over earnings, federal investigations, public backlash, and the leadership difficulties that followed the fatal shooting of CEO Brian Thompson in December. It rose 12% when Buffett’s investment was disclosed.Peter…