Author: arthursheikin@gmail.com

[ad_1] Productivity software giant Atlassian is making its largest acquisition yet to add a developer productivity tool to its product suite.   Atlassian announced Thursday it has agreed to acquire the developer productivity insight platform DX for $1 billion in cash and restricted stock. Enterprises use DX to analyze how productive their engineering teams are and identify bottlenecks slowing them down. DX was launched five years ago by Abi Noda and Greyson Junggren. Noda told TechCrunch in 2022 that he founded the company to find a better way to understand what hampered engineering teams. At the time, he felt the metrics he was using as a product manager at GitHub weren’t giving him the full picture, and he wanted to build something…

[ad_1] Hedge fund billionaire David Tepper said the Federal Reserve could cut rates a bit more, but then risks more inflation and other dangers to the economy and markets if the central bank goes further than that.In other words, be careful what you wish for.”If they go too much more on interest rates, depending what happens with the economy … it gets into the danger territory,” Tepper said on CNBC’s “Squawk Box” Thursday.His comments come after the central bank lowered interest rates by a quarter point Wednesday, the first cut this year, while signaling two more reductions are coming this year. Fed Chair Jerome…

[ad_1] Here are Thursday’s biggest calls on Wall Street: RBC upgrades Nike to outperform sector perform RBC said the company is making progress in its turnaround. ” Nike is taking the right steps, with clear improvement in Running Footwear offer, positive channel checks, survey findings and a refreshed organisational structure that should support faster and more accountable decision-making.” Read more . Goldman Sachs upgrades StepStone Group to buy from neutral Goldman said the financial planning company is an “underappreciated beneficiary of wealth growth in private markets.” “We upgrade STEP to Buy from Neutral with an $83 price target, representing 37%…

[ad_1] Nike shares will do well as the athletic apparel brand refreshes its product offerings and organizational structure, RBC told clients on Thursday. The bank upgraded Nike to outperform from sector perform. It raised the stock’s price target to $90 from $76, implying 24% upside. RBC pointed to Nike CEO Elliott Hill’s overhaul this year of the company’s organizational structure as a major catalyst for growth moving forward. The firm’s senior leadership is largely composed of newly appointed members or individuals in newly created roles, which should help Nike chart a new path. “Nike is taking the right steps, with…

[ad_1] The latest ruling for Google in the company’s antitrust case will likely remove any overhang for Alphabet shares, Piper Sandler wrote Thursday. Analyst Thomas Champion reiterated his overweight rating on the “Magnificent Seven” name and hiked his price target to $285 from $220. That updated target reflects more than 14% upside from Wednesday’s close. Earlier this month, a federal judge ruled that Google is able to keep its Chrome browser , after another judge had ruled that Google illegally held a monopoly in internet search. That latest judicial victory gave a boost to shares. Alphabet is up more than…

[ad_1] (This is a wrap-up of the key money moving discussions on CNBC’s “Worldwide Exchange” exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. ET each day.) Investors are looking for opportunities in health care and the bond market following the Federal Reserve cutting its benchmark rate. ‘Worldwide Exchange’ pick: UnitedHealth (UNH) Barbara Doran of BD8 Capital sees opportunity in UnitedHealth , which has fallen more than 30% year to date. “This was a premium company that was really steady state had best in class operations management, but the last two years, post Covid, a big problem with utilization…

[ad_1] A startup that’s built AI agents to monitor and fix IT issues — including those caused by bad vibe coding — has raised $4.6 million.New York-based Vibranium Labs has built tech called “Vibe AI” to proactively monitor, triage, and resolve IT incidents and outages. The AI agent plugs into a company’s existing incident response software and runs 24/7.The startup was founded by Tim Hwang, Sang Lee, Charles Kim, and Tanny Kang, who collectively have worked at a number of tech companies, including Google, Amazon Web Services, and Fiscal Note.It aims to address what Hwang described to Business Insider as…

[ad_1] For $895, you could get a month of rent in a midsize American city, a new iPhone 17 and a case, or the refreshed American Express Platinum card.Amex unveiled its revamped Platinum card on Thursday, which offers expanded benefits in categories like dining, hotels, and wellness. A $200 fee hike will also go into effect at the next renewal date for existing consumer cardholders on or after January 2, 2026, and on or after December 2, 2025, for business cardholders.The new Platinum card offers $3,500 worth of annual benefits, according to a press release.Anthony Cirri, Amex’s executive vice president…

[ad_1] CSX could be positioned to grow in the event that Union Pacific’s takeover of Norfolk Southern gets approved, RBC Capital Markets said on Thursday. The firm upgraded the rail transportation giant to outperform from sector perform and upped its price target to $39 from $37, implying around 19% upside from Wednesday’s close. The move comes weeks after Union Pacific announced the acquisition of rival Norfolk Southern in a deal valued at $85 billion. Analyst Walter Spracklin thinks the transaction will close in early 2027 if it’s approved. Such a move could bolster CSX’s own acquisition prospects, Spracklin said. “The…

[ad_1] When it comes to his kids’ phones, former Facebook chief security officer Alex Stamos has a simple philosophy: “trust but verify.”As schools institute cellphone bans and buy lockout pouches, parents continue to grapple with how much access their children should get to the internet. Stamos has had a particularly close-up view of its “horrible underside,” having worked in leading security positions at both Yahoo and Facebook.Stamos outlined his eight phone rules for kids, seven of which he shared on the “Tosh Show” podcast and one that he recommended to us in a follow-up email.The first question is just when…