Author: arthursheikin@gmail.com

[ad_1] New York CNN  —  Bad Bunny’s two-month residency is expected to be good business for the once-bankrupt Puerto Rico. On Friday, the musician kicks off a 30-date concert run in what’s a normally slow time for tourism on the island. However, the Puerto Rican-born superstar, whose real name is Benito Antonio Martínez Ocasio, is giving the economy, hotel and flight bookings a much-needed boost. Discover Puerto Rico, the island’s promotional agency, is forecasting Bad Bunny’s residency to generate nearly $200 million in economic impact and that’s on the conservative side. The firm’s preliminary estimate is only based on hotel…

[ad_1] When it comes to AI, Nvidia may be the star of the show, but some Wall Street analysts have their eyes on another Big Tech name: Alphabet.It’s certainly a less popular pick this. year. Investors have soured on Alphabet in recent months on concerns that AI could disrupt the company’s core search business. With platforms such as ChatGPT, users can directly access answers to their questions without clicking on links, reducing ad exposure for Google.Alphabet stock is down 6% year-to-date, but that dip is exactly what makes it appealing, according to Mark Mahaney, Evercore ISI’s head of internet research.…

[ad_1] JPMorgan Chase CEO has warned that financial markets are underestimating the risk of interest rate hikes in the US, calling the prevailing sense of calm “complacency” in the face of mounting inflationary pressures.Speaking at an event hosted by Ireland’s foreign ministry in Dublin on Thursday, Dimon said he believes there’s a 40 to 50% chance the Federal Reserve will raise rates again during the current cycle.”I think the possibility of those higher rates is higher than anybody else,” he said. “The market is pricing a 20% chance. I would price in a 40-50% chance. I would put that as…

[ad_1] Strong trends in labor productivity could mean even more growth for Netflix over the coming months, according to Needham. The firm, which has a buy rating on the streaming giant’s stock, raised its price target to $1,500 from $1,126. That calls for 19.9% upside potential from Thursday’s close. “We link the notion of employee quality and culture to financial returns and argue that absolute returns, trends in returns and relative returns per employee are key quantitative metrics to determine whether a company employs high quality (ie, value creating) employees, or not,” analyst Laura Martin wrote in a Friday note.…

[ad_1] Here are Friday’s biggest calls on Wall Street: Citi reiterates Apple as buy Citi said it sees some uncertainty for Apple but that it’s sticking with its buy rating. “While we acknowledge upside from the pulled forward demand in the Jun-Q driven by tariffs pause and aggressive promotions in China, we remain cautious on the full year iPhone demand given AI delay and pending Section 232 decisions.” Morgan Stanley reiterates Amazon as buy The firm raised its price target on Amazon to $300 per share from $250 and said it sees a “more manageable tariff and geopolitical backdrop.” “Today,…

[ad_1] Investors are too relaxed about falling inflation and booming stocks, while Warren Buffett may be sending a distress signal about the banks.That’s according to former trader and author Larry McDonald, who told Business Insider in an interview that investor “complacency is off the charts.”The author of “The Bear Traps Report” newsletter and the former head of US macro strategy at Société Générale said he expected surging microchip stocks to experience a “sharp snapback in the next two to three weeks.”Nvidia rocketed nearly 70% in under three months to an unprecedented $4 trillion valuation, while rival Taiwan Semiconductor has soared…

[ad_1] Shares of Texas Instruments could be set up for more gains as the semiconductor industry backdrop improves, TD Cowen said. In a note dated Thursday, the firm upgraded the chip stock to buy from hold and hiked its price target to $245 from $200 — which implies more than 11% upside. “With more confidence the industrial semis de-stocking is ending, and flexible CapEx in 2026+, we raise our estimates and upgrade shares of TI to Buy with a $245 PT,” analyst Joshua Buchalter wrote. “Tariff/ macro concerns linger, but we see TI positioned to outperform in either a sharp…

[ad_1] A “more manageable” tariff backdrop could lead to more growth for Amazon , according to Morgan Stanley. With trade tensions between the U.S. and China having eased, the firm hiked its price target on the e-commerce giant to $300 from $250 and reiterated its overweight rating. That updated forecast reflects about 35% upside from Thursday’s closing price. This comes as the stock has already surged more than 20% in the past three months, outperforming the S & P 500’s gain of more than 17% in the same period. In the past month, shares have also risen more than 4%.…

[ad_1] New York CNN  —  US stocks mostly fell on Friday after President Donald Trump threatened a 35% tariff on Canada — a sharp escalation in an ongoing trade war. The Dow was lower by 226 points, or 0.5%. The broader S&P 500 fell 0.28% and the tech-heavy Nasdaq Composite was flat. Stock futures dropped Thursday night after Trump announced the 35% tariff on Canada, set to take effect on August 1. The S&P 500 was on track to snap back-to-back days of gains. Global stock markets had largely shrugged off Trump’s tariff threats this week. The S&P 500 and…

[ad_1] Have you found a friendly little message on your cup at Starbucks recently, like “Yum” or “Have a great day!!!”? Did it make you smile? Nice. Well, how would you feel knowing the barista hated having to do that and their boss pressured them to do it?Of all the recent changes at Starbucks, I think cup writing is the one that stinks. Leave it!When Starbucks’ new CEO Brian Niccol took over last fall, one of his big goals was to bring back the cozy coffee house vibes of Starbucks in the ’90s and ’00s.This is a great goal! In recent years,…