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RBC Capital cuts GitLab rating, sees limited upside opportunities Source link

With his penchant for suits, ties and sweater vests, Federal Reserve chair nominee Kevin Warsh doesn’t share the rumpled look of many of the Silicon Valley entrepreneurs he calls friends. But they still count him as one of their own. “You wouldn’t be hanging out with us if you were as normal as you claim to be,” Palantir CEO Alex Karp told Warsh on a podcast in 2022.If confirmed by the Senate, Warsh wouldn’t just be the wealthiest Fed chair in history, he would also be the most tech-savvy and the closest to the tech-bro community to ever sit in…

For years, Netflix top brass would tell investors they were builders not buyers. Now, that sentiment toward growth may be changing. On Thursday Netflix reported its quarterly earnings. Typically, Netflix’s earnings calls are focused on metrics like engagement, content spending, price hikes and membership. While those factors were still present on Thursday’s call, analysts were also questioning Netflix’s merger and acquisition aspirations following the Warner Bros. Discovery sale process.Late last year, Netflix emerged as a bidder for WBD, surprising many in the industry and market. Even more stunning was an announcement in December that Netflix had reached a deal to…

TC Energy is an attractive option for investors searching for ways to gain exposure to nuclear energy, according to Morgan Stanley. The investment bank has an overweight rating on the energy company’s stock. “TRP offers one of the most attractive risk-adjusted ways to invest in nuclear power growth through Bruce Power, one of the largest operating nuclear facilities in the world and essential infrastructure to meeting Ontario’s power needs,” analyst Robert Kad said in a note to clients, calling the stock a “low-risk nuclear play.” TC Energy owns around 48% interest in Bruce Power, one of the largest operating nuclear facilities…

Spirit Airlines could liquidate as early as this week, according to people familiar with the matter.They spoke on the condition of anonymity to discuss matters that had not yet been made public.The budget carrier has been struggling to regain its footing from its second bankruptcy in less than a year, but it now faces the added challenge of a spike in the price of fuel. Fuel is airlines’ biggest expense after labor.”We don’t comment on market rumors and speculation,” Spirit said in a statement.The exact day the carrier could begin liquidation — or if it would even end up taking…

Greg Abel is wasting little time putting his stamp on Berkshire Hathaway ‘s investment portfolio, reportedly moving to unwind positions tied to the departed lieutenant Todd Combs. The new chief executive has already sold stocks previously overseen by Combs after the longtime investment manager and Geico chief left for JPMorgan at the end of 2025, the Wall Street Journal reported. Combs had been one of two portfolio managers recruited by Warren Buffett to help oversee the conglomerate’s equity holdings. The move underscores how Abel is asserting control over Berkshire’s roughly $300 billion stock portfolio as he succeeded Buffett. Abel is…

Derek Sylvester with members of his family, team and mascot Molly, who was featured on the dealership’s logo.Courtesy Sylvester ChevroletDerek Sylvester’s father built the family’s original Chevrolet dealership with his bare hands on Main Street in rural Peckville, Pennsylvania, in 1972.The store and family have been a pillar of the village, outside Scranton, ever since. That was until late last month, when Sylvester and his family closed a deal to sell Sylvester Chevrolet to a New York-based dealer group.”As a family, we decided this might be the time,” said Sylvester, who at 67 has been contemplating retirement. “Unless you’re a…

Traders work at the New York Stock Exchange on April 17, 2026.NYSEThe Dow Jones Industrial Average was little changed Monday even after tensions between the U.S. and Iran escalated over the weekend, with traders betting the two countries will eventually reach a compromise. The 30-stock benchmark lost 50 points, or 0.1%. The S&P 500 shed 0.2%, while the Nasdaq Composite pulled back 0.4%.Traders remain hard-pressed to fully price in a worst-case scenario on the war given stocks’ recovery from near correction territory to all-time highs.”News flow from the Middle East was net negative over the weekend but (as was the…

A Jersey Mike’s restaurant in Walnut Creek, California, Nov. 21, 2024.David Paul Morris | Bloomberg | Getty ImagesJersey Mike’s has confidentially filed for an initial public offering, the company said on Monday. The announcement comes more than a year after Blackstone bought a majority stake in the sandwich chain in a deal that reportedly valued Jersey Mike’s at roughly $8 billion.After the Blackstone deal closed, Jersey Mike’s tapped former Wingstop CEO Charlie Morrison to helm the company. Morrison led the chicken wing chain for a decade, ushering it through its own IPO and a period of historic growth.With more than…

My top 10 things to watch Monday, April 20 1. Stocks are headed for a lower open, and oil prices are higher this morning as tensions reignite in the Strait of Hormuz. The U.S. seized an Iranian commercial ship that tried to evade the Navy blockade. Iran’s brief reopening of the strait Friday capped off a strong week for the S & P 500 and Nasdaq . In my Sunday column, I wrote about things going right for stocks beyond Iran. One of those things is earnings , and we have a lot more of them this week. 2. Roofing…