Democratic presidential candidate Sen. Elizabeth Warren (D-MA) speaks to guests during a campaign stop at Hempstead High School on November 02, 2019 in Dubuque, Iowa. While federal housing policy has historically emphasized homeownership, on Monday, Democratic presidential candidate Sen. Elizabeth Warren released a plan addressing the issues that impact renters. “It’s time for big structural change to strengthen tenants’ rights, combat the homelessness crisis and hold predatory lenders and landl

Concerns about Broadcom’s recent acquisition of Symantec’s enterprise software business are overblown and the stock is a compelling buying opportunity, Morgan Stanley told its clients on Tuesday. Lead equity analyst Craig Hettenbach upgraded the stock to overweight from equal-weight and bumped his 12-month price target to $367 from $298, implying nearly 18% upside over the next year. Broadcom stock rose 2% in premarket trading Tuesday following the Morgan Stanley upgrade. Hettenbach calls it “ou

Randall Stephenson, chairman and chief executive officer of AT&T Inc., speaks during a Senate Judiciary Subcommittee hearing in Washington, D.C., U.S., on Wednesday, Dec. 7, 2016. AT&T’s wireless business can’t offset the weakness in the company’s other ailing segments, according to MoffettNathanson. The firm downgraded AT&T to sell from neutral and kept its $30 per share price target. AT&T shares closed at $39.63 per share on Monday.

Here are the biggest calls on Wall Street on Tuesday:Morgan Stanley named the semiconductor designer and developer as a top pick and said it had “increased” confidence in the company’s strategy. “We upgrade AVGO to Overweight on increased confidence in the company’s software strategy against low expectations. We estimate that AVGO’s current P/E multiple of 13.5X implies risk that Symantec’s revenue will decline from a reset level of $2bn and targeted cost cuts prove aggressive. In contrast, we m

“Our Sensor Tower App downloads and Google search data analysis showed little-to-no impact from the Disney+ launch on Netflix trends, reassuring for Netflix relative to the competitive concerns priced into its stock, in our view,” Credit Suisse analyst Douglas Mitchelson wrote in a note to investors. Sensor Tower is a research firm that provides mobile download data. Netflix shares rose in premarket but later slipped, trading down 0.6% from its previous close of $302.57 a share. Credit Suisse ha

Trade should not be based on protectionism, IBM China CEO says3 Hours AgoAlain Benichou, CEO of IBM’s Greater China Group, tells CNBC “the world should be open.”

Jim Cramer: Vaping regulation needs to be done at a federal levelCalifornia and Los Angeles County are suing JUUL Labs, alleging the vaping brand targeted young people through advertising and failed to give warnings about the health risks. CNBC’s “Squawk on the Street” crew discuss the headlines.

Why White Castle, America’s oldest hamburger chain, stayed smallWhite Castle is a fast-food chain with a small footprint in the Midwest and Northeast. It’s famous for its small, cheap hamburger sliders. It’s widely considered to be the first hamburger fast-food chain in the United States. Almost a century later, White Castle isn’t nearly as big as its rivals. Here’s a look at why.

John Williams, Chief Executive Officer of the Federal Reserve Bank of New York, speaks at an event in New York, November 6, 2019. New York Fed President John Williams said he is content with the current position of monetary policy and interest rates but said the central bank should be prepared to act aggressively to anticipate negative shocks to the economy. Monetary policy is well-positioned given the recent actions,” he said at the Securities Industry and Financial Markets Association’s annual

Asian consumers are driving tech trends in the travel industry, Ming Foong, the regional managing director of travel commerce platform Travelport, told CNBC Tuesday. “The future of travel, the way that we see it, is that it’s going to be far more personalized, far more customizable but also very, very connected and completely driven by technology. So technology plays a huge role in supporting this trend,” he told CNBC’s Geoff Cutmore at the East Tech West conference in the Nansha district of Gua

Industry experts are expecting a much less fragmented cryptocurrency boom in China, compared to other parts of the world, with President Xi Jinping’s government recently backing digital currency initiatives. “I hope that we will have an enlightened infrastructure here,” said Paul Brody, EY global blockchain leader, at CNBC’s East Tech West conference in the Nansha district of Guangzhou, China. “And I hope that we will avoid some of the mistakes that happened in the rest of the world.” With Xi’s

The world’s largest oil company said that it plans to sell a 1.5% stake in the company, or about 3 billion shares, and that it will begin trading in December on the Saudi stock exchange. On Sunday the state-owned oil company announced an IPO price range of 30-32 riyals, which would value the company at up to $1.7 trillion . This is less than the $2.3 trillion valuation , at the high end, that the company previously fetched. Putting the known risks like falling oil prices aside, Damodaran said th

WikiLeaks founder Julian Assange is seen in a police van after was arrested by British police outside the Ecuadorian embassy in London, Britain April 11, 2019. A Swedish prosecutor said on Tuesday she would not proceed with an investigation into an allegation of rape against WikiLeaks founder Julian Assange after a review of the evidence. Deputy Chief Prosecutor Eva-Marie Persson said that the complainant’s evidence was deemed credible and reliable, but that after nearly a decade, witnesses’ mem

Alain C. Benichou, CEO of Greater China Group of IBM Corporation speaks on Day 2 of CNBC East Tech West at LN Garden Hotel Nansha Guangzhou on November 19, 2019 in Nansha, Guangzhou, China. “When you think about cognitive-savvy companies, it is only 14% of the companies that really are actively using AI in everything they do.” China and the U.S. produce more AI specialists than any other country, but Bénichou claims there’s a lack of talent across Chinese companies. A lack of trust in AI is also

Alibaba took 33% of digital media spend for the first half of the year, or 72.1 billion yuan. Baidu made up 17%, or 36.9 billion of digital media spend for the first half of 2019, followed by Tencent, with 14% or 29.8 billion yuan. Digital media is set to make up 63% of Chinese ad spend for the whole of 2019, a 2.2 percentage point increase on 2018, R3 estimated. By comparison, digital media is expected to make up 52.7% of global ad spend this year, per a May estimate by WARC. TV ad spend in Chi

Hedge funds increased their allocations to companies with big revenue exposure to China during the third quarter, according to Goldman’s latest research looking at 833 hedge funds with $2.1 trillion in equity positions. The median China-exposed stock had 2.7% of market cap owned by hedge funds at the start of the third quarter, and that position rose to 3.4% at the start of the fourth quarter, according to hedge funds’ latest regulatory filings, Goldman said. Rising optimism about a trade deal w

DUBAI, United Arab Emirates — American plane-maker Boeing chalked its second Dreamliner order at the Dubai Air Show on Tuesday, announcing a sale of three of its 787-9 Dreamliners to the Republic of Ghana. The planes, whose order value is $877.5 million at list prices, will go toward Ghana’s yet-to-be launched airline, in which the government will hold a 10% stake. Its flight range aligns with Ghana’s plans to include long-haul flights in its new airline, with routes to North America and Europe.

Concerns about Broadcom’s recent acquisition of Symantec’s enterprise software business are overblown and the stock is a compelling buying opportunity, Morgan Stanley told its clients on Tuesday. Lead equity analyst Craig Hettenbach upgraded the stock to overweight from equal-weight and bumped his 12-month price target to $367 from $298, implying nearly 18% upside over the next year. Broadcom stock rose 2% in premarket trading Tuesday following the Morgan Stanley upgrade. Hettenbach calls it “ou

Randall Stephenson, chairman and chief executive officer of AT&T Inc., speaks during a Senate Judiciary Subcommittee hearing in Washington, D.C., U.S., on Wednesday, Dec. 7, 2016. AT&T’s wireless business can’t offset the weakness in the company’s other ailing segments, according to MoffettNathanson. The firm downgraded AT&T to sell from neutral and kept its $30 per share price target. AT&T shares closed at $39.63 per share on Monday.

Here are the biggest calls on Wall Street on Tuesday:Morgan Stanley named the semiconductor designer and developer as a top pick and said it had “increased” confidence in the company’s strategy. “We upgrade AVGO to Overweight on increased confidence in the company’s software strategy against low expectations. We estimate that AVGO’s current P/E multiple of 13.5X implies risk that Symantec’s revenue will decline from a reset level of $2bn and targeted cost cuts prove aggressive. In contrast, we m