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[ad_1] The sell-off in Constellation Brands appears overdone, according to Jefferies. Analyst Kaumil Gajrawala upgraded shares to buy from hold and lifted his price target by $11 to $205, which suggests nearly 19% potential upside from Thursday’s close. Gajrawala’s new rating comes after Constellation fell short of Wall Street’s estimates for quarterly earnings and revenue, which were dragged by lower beer demand and tariffs on aluminum. The Modelo distributor still reiterated its forecast for fiscal 2026. “Of course the market is challenged, but there isn’t a brand issue. Hispanics are drinking less beer; for reasons well discussed. It won’t be…

[ad_1] A lesser-known policy elimination in the Republican tax and spending bill may further dampen the outlook for Tesla shares, according to William Blair. Analyst Jed Dorsheimer on Monday downgraded Tesla to market perform from outperform. The bill, which was signed into law Friday by President Donald Trump and approved by Congress last week, expands Trump’s 2017 Tax Cuts and Jobs Act — making most existing tax rates permanent — while also increasing spending for the administration’s defense, deportation and national security efforts and cutting health care and nutrition programs. Directly affecting Tesla is the bill’s elimination of a $7,500 tax…

[ad_1] Apple shares picked up a gain and an upgrade from Jefferies going into the holiday weekend, but the ” Fast Money ” traders aren’t seeing fireworks. “The back half of the year for a company like Apple is going to be a problem,” RiskReversal Advisors’ principal Dan Nathan said on Wednesday’s show. “They still don’t have an [artificial intelligence] strategy. So that means that a product that has not been growing for the last three years is not going to grow again. … They’re going to miss an entire year of a product cycle.” Jefferies upgraded Apple to “hold”…

[ad_1] Whenever a new president takes office, the revolving door between the federal government and the private sector starts to spin a little faster. Agency heads, their deputies, and their deputies’ deputies typically exit to make room for the new president’s picks, and take up jobs in C-suites and think tanks.At elite law firms, the practice became so routine that it was the subject of a running joke. “Out with WilmerHale, in with Jones Day,” law professor Orin Kerr tweeted when Donald Trump won in 2016, a nod to each firm’s ideological reputation. In 2020, when Joe Biden won, he…

[ad_1] When investor Peter Deng worked at OpenAI, he treated building a team like a puzzle. All the right pieces had to be in the right places.”As a leader, you have to set up your team the right way,” Deng, who previously was OpenAI’s VP of consumer product, said on an episode of Lenny’s Podcast. “You have to really think about your team as a product and what are the various pieces you need to really stretch the gamut of what you’re thinking about.”Deng, now a general partner at Felicis Ventures, has previously contributed to a series of well-known features,…

[ad_1] The competition for top investing talent is higher than ever.Megafunds like Izzy Englander’s Millennium, Ken Griffin’s Citadel, and Steve Cohen’s Point72 offer moneymakers tens of millions in potential payouts and top-tier perks. Up-and-coming funds and new launches such as Verition, Walleye, and Jain Global are constantly scouring the landscape for investors. Explosive growth in private market assets means PE funds and new private credit firms need head count.In short, it’s a labor market that favors the employee, not the employer. Englander himself called it a “talent bubble” in 2023.Despite this dynamic, $6 billion New York-based New Holland Capital is…

[ad_1] New York CNN  —  It’s the start of a highly anticipated week on Wall Street as traders await announcements about the Trump administration’s plan for tariffs. US stocks opened lower on Monday. The Dow was down 82 points, or 0.18%. The S&P 500 fell 0.34%. The tech-heavy Nasdaq Composite slid 0.5%. Stocks dipped lower as Wall Street digests the Trump administration’s plan to announce new trade deals — or notify countries of new tariff rates. President Donald Trump on Sunday said the White House would send “tariff letters” to countries on Monday at noon. Trump had told reporters on…

[ad_1] London CNN  —  Shares in Tesla tanked by as much as 7.6% in premarket trading Monday after its CEO Elon Musk said he is forming a new American political party, provoking an irate response from US President Donald Trump. Tesla stock (TSLA) later recovered some of its earlier losses but then opened down 7.6% at the start of regular trading at 9:30 a.m. ET. “I’m saddened to watch Elon Musk go completely ‘off the rails,’ essentially becoming a TRAIN WRECK over the past five weeks,” Trump wrote on his Truth Social platform late Sunday, also mentioning Musk’s Saturday announcement…

[ad_1] 2025-07-07T09:15:02Z Share Facebook Email X LinkedIn 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. A consulting firm found that tech companies are “strategically overpaying” recruits with AI experience. They found firms pay premiums of up to $200,000 for data scientists with machine learning skills. The report also tracked a rise in bonuses for lower-level software engineers and analysts. The AI talent bidding war is heating…

[ad_1] Hollywood giants are pushing back on AI’s encroachment. Disney and Universal recently sued Midjourney, accusing it of using tech to rip off their famous characters.But inside entertainment companies, it’s a whole different story. The biggest studios and filmmakers are using AI technology in various ways — and people in Hollywood are taking note. The AI on the Lot conference in May has doubled its attendance to 1,200 over three years, while AI editing company Runway attracted some 1,000 people to its third film festival.The tantalizing promise of AI is that it could solve big problems in the entertainment business, like…