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[ad_1] Shares of GE Vernova may have peaked — at least for now, according to Wolfe Research. The investment firm downgraded the energy stock to a peer perform rating from outperform. Analyst Nigel Coe also removed his price target of $496 on the stock. Shares of GE Vernova have surged 48% this year. GEV YTD mountain GEV YTD chart Coe wrote that he still remains bullish on the company, and attributed his downgrade to GE Vernova’s massive year-to-date gain. “This decision comes on the back of significant YTD outperformance that has led to a much more challenging valuation set up…

[ad_1] Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldIsrael’s strikes against Iran’s nuclear programme and military commanders have started a momentous war in the Middle East, sent oil prices soaring and left many wondering what happens next.Here are five key areas to watch in the coming days:How and where will Iran retaliate?Iran sent drones towards Israel in retaliation on Friday morning, all of which were intercepted. More conventional missile and drone attacks are expected. Earlier this week, Iranian commanders suggested counterstrikes could target US military facilities in…

[ad_1] Newell Brands ‘ tariff-hedging advantages gives it a leg up over its peers, according to JPMorgan. The bank upgraded shares of the consumer and commercial goods manufacturer to an overweight rating from neutral. Simultaneously, analyst Andrea Teixeira raised her price target to $7 per share from $6. Newell, which owns brands such as Rubbermaid, Paper Mate, Sharpie, Elmer’s, Yankee Candle and Crock-Pot, has stumbled 45% so far this year. However, Teixeira’s revised forecast implies an upside of 29% from the stock’s Thursday closing price of $5.43. NWL YTD mountain NWL YTD chart One reason for the upgrade comes from…

[ad_1] A prestigious corner of Wall Street is having a bit of an identity crisis.The private-equity industry is on the cusp of some massive changes to how it recruits young talent. Big-name firms are putting their foot down about the early recruitment of junior bankers, leaving young Wall Streeters scrambling.There’s a lot to unpack here, so let’s dive in:On-cycle recruiting? Offers for jobs that are two years away? What is going on in private-equity land?Some big-name firms are trying to stop incoming investment-banking analysts from interviewing and accepting future-dated private-equity jobs. JPMorgan formally warned incoming analysts last week that they…

[ad_1] Wells Fargo is moving off the sideline when it comes to Zscaler . The bank upgraded shares of the cloud security stock to an overweight rating from equal weight. Analyst Andrew Nowinski simultaneously hiked his price target to $385 from $260. Shares of Zscaler have surged 67% in 2025. Nowinski’s new forecast is approximately 28% above where the stock closed on Thursday afternoon. ZS YTD mountain ZS YTD chart As a key catalyst, the analyst pointed to strong current momentum in Zscaler’s new and upsell business this fiscal year. Scheduled billings should become less of a headwind next year,…

[ad_1] Getty Images; Tyler Le/BI 2025-06-13T10:42:02Z 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. Sunglasses are the signature accessory for men this year, more so for fashion than sun protection. Translucent frame designs with tinted lenses are especially popular. Men told Business Insider that some of their favorite shades are from Cartier and other luxe brands. Sunglasses instantly make you look…

[ad_1] Oracle has a rosy outlook ahead, according to BMO Capital Markets. The bank upgraded the cloud computing stock to an outperform rating from market perform. Analyst Keith Bachman accompanied the move by lifting his price target to $235 from $200. Bachman’s revised price target implies an upside of nearly 18% ahead. Shares of Oracle have surged 20% this year. They added 13% on Thursday, a day after the company reported fiscal fourth-quarter results that exceeded analyst expectations on both the top and bottom lines. The stock fell 1% in premarket trading Friday. ORCL YTD mountain ORCL YTD chart Bachman…

[ad_1] As OpenAI, Anthropic, and Big Tech invest billions in developing state-of-the-art large-language models, a small group of AI researchers is working on the next big thing.Computer scientists like Fei-Fei Li, the Stanford professor famous for inventing ImageNet, and Yann LeCun, Meta’s chief AI scientist, are building what they call “world models.”Unlike large-language models, which determine outputs based on statistical relationships between the words and phrases in their training data, world models predict events based on the mental constructs that humans make of the world around them.”Language doesn’t exist in nature,” Li said on a recent episode of Andreessen Horowitz’s…

[ad_1] The hits just keep on coming for 23andMe.Although the embattled genetic testing giant has found a new owner, pending court and regulatory approval, nearly 2 million customers have asked to delete their data from its database since it filed for Chapter 11 bankruptcy and put the company up for sale in March.Interim CEO Joe Selsavage revealed the number of deletion requests on Tuesday during a House Oversight Committee hearing. He attended the hearing with Anne Wojcicki, 23andMe’s cofounder and former CEO.”Since we announced bankruptcy, we’ve had 1.9 million customers call and request that we delete their data, and we…

[ad_1] President Donald Trump wants the next generation of Americans to be stock investors from birth — an idea that could easily have come from Warren Buffett.The US leader’s so-called Trump Accounts are part of his proposed “One Big Beautiful Bill,” a huge package of tax and spending legislation that’s been approved by the House of Representatives and is now under Senate scrutiny.If passed, the government would open a tax-deferred investment account for every newborn citizen born between January 1, 2025 and December 31, 2028, and seed it with $1,000.Each child’s guardian would be in charge of their account, able…