Key PointsAn analyst launched his coverage of the stock.
He recommends it as a buy.
10 stocks we like better than Symbotic ›Industrial robotics company Symbotic (NASDAQ: SYM) enjoyed a nearly double-digit rise in its stock price on Thursday, with its shares increasing by just under 10% in value. Investors were taken by a bullish initiation of coverage by an analyst now trading the company. Symbotic’s bounce looked impressive when placed next to the under-0.1% advance of the S&P 500 index.
Launched with a buyThat entity behind the upgrade was Northcoast Research, whose analyst Keith Housum launched his coverage of Symbotic with a buy recommendation at a price target of $65 per share.
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The reasons for Housum’s optimistic stance weren’t immediately apparent. He’s hardly the only pundit or ..

Key PointsAnalysts are worried about MercadoLibre’s top-dog status in Brazil as Amazon eyes further expansion there.
However, the company has faced endless competition, yet it is still a 24-bagger over the last decade alone.
With a best-in-class logistical network in Latin America — and a growing suite of financial products for customers — MercadoLibre won’t be quickly disrupted.
10 stocks we like better than MercadoLibre ›Leading Latin American e-commerce and fintech titan MercadoLibre (NASDAQ: MELI) is down 10% this week as of 3 p.m. ET on Thursday, according to data provided by S&P Global Market Intelligence.
This decline stems from a major news outlet and numerous analysts reiterating concerns for the company as Amazon launches its most aggressive expansion in Brazil (MercadoLibre’s largest market) yet.
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Amazon announced that it would waive a..

Key PointsCoreweave stock jumped 12% after it announced a new deal with Meta.
Meta has agreed to spend up to $14 billion on CoreWeave through 2032.
The deal adds to CoreWeave’s momentum following its recent expansion with OpenAI.
10 stocks we like better than CoreWeave ›Few stocks are as directly exposed to artificial intelligence as CoreWeave (NASDAQ: CRWV). The AI cloud infrastructure company reinvented itself, transitioning from a crypto mining company by repurposing its GPUs to provide AI computing power to customers like Microsoft, Nvidia, and OpenAI.
With the AI boom in full swing, that business model has led to jaw-dropping growth. In its second quarter, its revenue jumped 206% to $1.21 billion, showing how fast demand for its services is ramping up.
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Now, CoreWeave just got another shot in the arm as the stock jumped 12% on Tuesday after an..

President Donald Trump is weighing slashing “thousands” of federal jobs ahead of a meeting with his budget director, Russell Vought, as the White House looks to ratchet up pressure on Democrats to end a government shutdown that has entered its second day.
“It’s likely going to be in the thousands,” White House press secretary Karoline Leavitt told reporters on Thursday, saying that the “entire team at the White House” was working to identify possible cuts.
“We’re going to look at agencies that don’t align with the administration’s values, that we feel are a waste of the taxpayer dollar,” she added.
Leavitt’s comments came after Trump on social media earlier Thursday said he planned to meet with Vought to “determine which of the many Democrat Agencies, most of which are a political SCAM, he recommends to be cut, and whether or not those cuts will be temporary or permanent.”
Republicans have sought ..

Editor’s note: This article appeared in the Nov. 11, 1996 issue of Fortune.
On a brilliantly sunny summer afternoon, the kind of day people dream about to get them through the dreary frigid winter, we’re in a Manhattan office building trying to figure out where Ralph Lauren will sit. Actually, we’re in Lauren’s small, all-white office on Madison Avenue, and with two large, lovely chairs and a big cushy couch laid out before us, the answer is far from obvious. Rather than chance some giant faux pas by claiming his favorite spot as our own, we bravely put the question to him: “Mr. Lauren, is there a particular place you’d like to sit?” His response: “Wherever the light makes me look best.”
That’s Ralph. For nearly 30 years Lauren, 57, has earned a handsome living showing Americans (men especially) how to look good, using himself as the model. And therein lies a puzzle.
Somehow Lauren, who thinks it’s fine for men to wear (as he does) black velvet slippers in the o..

Ever since ChatGPT burst onto the scene in November 2022, predictions of an AI-fueled jobs apocalypse have dominated headlines: Some studiesblame the technology for drying up entry-level roles, while others warn it will eventually replace all of us.
Especially alarming to many has been AI’s effect on entry-level jobs. A blockbuster Stanford study in August was especially rattling, as it claimed to find a “significant and disproportionate impact” on entry-level jobs most exposed to AI automation—like software development and customer service—which have seen steep relative declines in employment. This came out close to the MIT study that said 95% of generative AI pilots were failing and the somewhat sudden realization that AI could be building toward a bubble. Even Federal Reserve Chair Jerome Powell sees something going on, commenting that “kids coming out of college and younger people, minorities, are having a hard time finding jobs.”
But according to a new study from Yale and Br..

Corporate blockchains are back. Long derided as a phony form of crypto, the idea has gained new life as everyone from Stripe to Circle is building their own chains. On the latest episode of the Crypto Playbook vodcast (available on Spotify, Apple, and YouTube), Coinbase’s Jesse Pollak—who is the driving force behind the company’s Base blockchain—made the case why they will catch on.
To understand why Pollak’s project is a fraught one, it’s helpful to go back to 2015 when, in the depths of a crypto winter, some began rallying around the phrase “blockchain not Bitcoin.” The idea, popularized by an emerging corporate faction of the crypto industry, held that it was best to leave blockchain technology to banks, IBM, and other established players.
The plan proved a miserable failure. Bank-backed blockchain projects like R3 raised large sums of money, but failed to take off, as critics—correctly for the most part—dismissed them as glorified databases that ..

The big move by Warren Buffett’s Berkshire Hathaway to buy the chemicals business of oil giant Occidental Petroleum for nearly $10 billion is a double win for Berkshire, analysts say, in Buffett’s potential swan song deal before retiring at the end of December.
The Oct. 2 deal is the first-ever Berkshire announcement that quotes incoming CEO Greg Abel and doesn’t mention the current chief executive by name.
The OxyChem business will operate as a strong stand-alone for Berkshire, while the deal should boost Berkshire’s nearly 30% ownership of parent Oxy because the Houston company will use the bulk of the proceeds to pay off the high debt load that’s dragged down its stock in recent years, said Doug Leggate, Wolfe Research energy analyst.
“It’s genius. It’s certainly a win-plus for Berkshire because it also helps the company that they own 30% of,” Leggate said. “It’s completely self-serving, it’s logical, and—not in any n..

More than one-third of US workers (36%) identify as a Swiftie—and are likely to be distracted when Taylor Swift releases her 12th studio album, according to new data.
Swifties will wait in a merch line for three hours, meticulously place crystal freckles on their faces, and clear out a Michael’s to craft concert-ready bracelets, so it may not be surprising that 6% plan to take off for the October 3 release of The Life of a Show Girl, according to a new survey from BambooHR. Employees who do work on release day might be distracted by a lively group chat, as 10% of fans report their company has a dedicated Swiftie channel on Slack or Teams.
The latest Swift release isn’t the first cultural phenomenon to distract employees from work. An estimated 22.6 million Americans planned to take off on Super Bowl Monday this year, according toUKG. Additionally, one in four workers in the US said their productivity fell during the 2024 summer Olympics, NBCUniversal claimed. (It’s no..