Author: arthursheikin@gmail.com

[ad_1] Disney shares have been on fire lately and can eke out further gains from here, according to Bernstein. The investment firm raised its price target for the entertainment conglomerate to $125 from $120 per share, implying about 5% upside. Analyst Laurent Yoon kept his outperform rating on shares as well. But Yoon’s “sum of the parts” analysis signals the stock can reach $132, which is 11.2% above Tuesday’s close. “However you cut it, Parks is growing (despite short-term volatilities), DTC margin is expanding, Sports is not going away, and while Linear is in decline, it remains profitable,” he said.…

[ad_1] The outlook is bright for Uber , according to Stifel. The investment bank initiated shares of the ride-hailing platform with a buy rating and a $110 price target, which implies upside of 27% from Tuesday’s close. “We increasingly view Uber as a super app with multiple reasons to utilize the product, which includes getting yourself from point A to point B, ordering dinner from local restaurants, and having groceries delivered to your door (with some ads seen along the way),” analyst Mark Kelley wrote. While some Wall Street analysts have expressed concern over the risk that autonomous vehicles might…

[ad_1] This as-told-to essay is based on a conversation with Jodye Beard-Brown, a 58-year-old United Airlines flight attendant in Houston. It has been edited for length and clarity.In 1994, I had just returned to Houston after living and modeling in France. I missed my family and wasn’t sure what I wanted to do next. I just knew that I loved traveling.I heard that Continental Airlines (which merged with United Airlines in 2012) was hiring, so I submitted my résumé. I conducted a series of interviews and was subsequently hired and sent to do six weeks of training.When I got married,…

[ad_1] Starbucks is piloting a tool that’ll help its baristas remember drink recipes.The Seattle-based coffee chain launched a new AI tool called Green Dot Assist, created with OpenAI. This tool, available on an iPad behind the counter in Starbucks stores, will work as an in-store virtual assistant for baristas.”Instead of flipping through manuals or searching for answers, partners can now ask questions on in-store iPads and receive instant, conversational responses,” Starbucks said in a Tuesday press release.In an explanatory video of the tool, Starbucks said Green Dot Assist would show videos of how to make certain drinks, suggest tweaks and…

[ad_1] The hedge fund talent war means profit-generating portfolio managers have more options than ever.In an industry run by savvy billionaires, rank-and-file traders have had the upper hand in recent years thanks to what Millennium founder Izzy Englander deemed a “talent bubble” in 2023.Multistrategy firms, which blend a variety of investment strategies within a single fund, are catering to top PMs’ whims, opening offices in places like Dubai and Puerto Rico so employees can avoid the taxman, or letting top traders run capital externally in their own funds. A report from data provider With Intelligence found that multistrategy platforms have…

[ad_1] Meta’s stand-alone AI app launched in late April, and like many people, my first thought was, “Huh?” After trying it out a little, my next thought was, “Oh no.” A few weeks later, after the initial surge of curious new users, my thought is now: “Dear God.”Meta AI’s public stream is perhaps the most depressing feed I’ve come across in a long time. It’s full of people sharing intimate information about themselves — things like thoughts on grief, or child custody, or financial distress. And it seems like some people aren’t aware that what they’re sharing will end up…

[ad_1] Europe is back in favor with the world’s biggest private equity firm.Blackstone is planning to go big in Europe, CEO and co-founder Stephen Schwarzman told the Financial Times on Tuesday.Schwarzman said that Blackstone is planning to invest at least $500 billion in Europe over the next 10 years, citing “signs of change” in the continent, where the firm’s current investments stand at around $350 billion.”European leaders are generally becoming more sensitive to the fact that their growth rates over the past decade have been quite low and it’s not sustainable for them,” he told the FT.”So they are looking…

[ad_1] CNN  —  Inflation rose less than expected in May, a month when the effects of higher tariffs were starting to become more widespread. Consumer prices rose 0.1% last month, while the annual inflation rate increased to 2.4% from a four-year-low of 2.3% notched in April, according to the latest Consumer Price Index data released Wednesday by the Bureau of Labor Statistics. May’s overall inflation readings came in better than expected. Economists had projected that falling gas prices would keep the overall monthly inflation rate in check while year-ago comparisons became less favorable. Forecasts called for a 0.2% monthly rise…

[ad_1] New York CNN  —  Nintendo announced Wednesday that it sold more than 3.5 million Switch 2 consoles, marking a new record for the company. The Japanese company said that it’s the “highest global sales level” for any Nintendo device within the first four days of release and perhaps puts Nintendo in good shape to meet its goal of selling 15 million Switch 2 devices by the end of next March. “We are thankful for their response and happy to see the fun they are already having with Nintendo Switch 2 as they explore new features and games that bring…

[ad_1] Before flying from his home in Pittsburgh to Stanford’s annual gathering of incoming freshmen in late April, Sebastian Tan downloaded what might be the top book on Silicon Valley’s required reading list: “Zero to One,” Peter Thiel’s treatise on building the future. It’s “probably the best book I’ve read, and I’ve only read a few pages,” Tan tells me over FaceTime.Growing up, Tan believed that the ideal path to becoming a successful entrepreneur was through Stanford (where Thiel has undergraduate and law degrees). Lately, however, he’s been taken with an ascendant idea in Silicon Valley, proselytized by teenage founders…