Morgan Stanley says this is the stock to play China's EV industry consolidation
The firm has resumed coverage of a Chinese automaker with an overweight rating on expectations it can weather macro and industry uncertainties.
Showing posts from June, 2024Show all
Stock futures rise as Wall Street readies for the second half: Live updates
Stock futures rose in overnight trading Sunday as Wall Street looked ahead to the second half of 2024.
Layoffs Hit 50% of Finance Firms; Fintech and AI Skills in Demand
A recent survey reveals that 50% of finance companies have experienced layoffs, highlighting the sector’s ongoing challenges. Additionally, firms are…
These 3 daily practices are the Japanese 'secret' for a 'long and happy life,' says authors of 'Ikigai'
Okinawa, Japan has the highest concentration of centenarians worldwide. Here are three principles that may lead to their longevity.
Tropical Storm Beryl expected to become major hurricane by Monday
A hurricane watch is in effect for Barbados, Saint Lucia, Saint Vincent and the Grenadine Islands, and Grenada.
Growth, value stocks could see boost from Russell rebalancing
This key market event could help boost growth and value stocks. Here’s why.
Bitcoin dips to $60,000 as the cryptocurrency heads for losing month: CNBC Crypto World
CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's…
NFIB Opposes Warehouse Worker Protection Act, Citing Harmful Impact on Small Businesses
The National Federation of Independent Business (NFIB), the nation’s leading small business advocacy organization, has sent a letter of opposition to…
Home prices begin to cool as active listings jump 35%
For the four weeks ended June 23, the typical home sold for slightly less than its asking price, according to real estate brokerage Redfin.
U.S. needs major nuclear power expansion to meet rising electricity demand, Southern Company CEO says
The U.S. needs to install more than 10 gigawatts of new nuclear power, said Chris Womack.
Levi's shares drop 12% as jeans maker's sales disappoint despite denim craze
Levi has been working to build out its own website and stores, and while the strategy has lifted profits, sales aren't budging much.
YouTube dominates streaming, forcing media companies to decide whether it's friend or foe
YouTube is gaining share of viewership on TVs, and legacy media doesn't have a uniform strategy to deal with the threat.
These companies are likely to reward investors with special dividends and outperformance, Morgan Stanley says
In certain scenarios, companies may dig into their pockets and offer their shareholders a one-time special dividend.
Human rights lawyer to political reformer: Who is Keir Starmer, the UK's new would-be prime minister
Labour leader Keir Starmer is the favorite to win the U.K.'s July 4 election.
These stocks are the biggest bargains in the S&P 500 heading into the second half
These steady stocks are trading at a discount compared with their historical averages.
Learn How to Grow Your Business in Line with Your Goals
As your business grows, your original plans and vision may get lost in the day-to-day operations. But there are many growth strategies you can use to…
Houthi claims of attack on U.S. aircraft carrier are false, U.S. officials say
A claim by Yemen's Houthi group that its forces had attacked the U.S. aircraft carrier Dwight D. Eisenhower in the Red Sea is false, two U.S. off…
Fundstrat's Tom Lee keeps making bold stock calls — and nailing them
The co-founder of the independent financial research boutique doesn't expect to be right all the time, but leans on history and probability when …
Deadline Nears for California SBA Disaster Loan Applications
California’s deadline for applying for federal disaster loans due to the severe winter storms is fast approaching. Francisco Sánchez Jr., associate a…
How To Determine a “Want” Versus a Business “Need”
“How do you determine what a business “want” is versus a business “need”? Please share any frameworks or methodologies you use to help prioritize wh…
Citi names one 'compelling emerging' theme to play real estate — and stocks and REITs to buy
Real estate companies around the world are eyeing one area right now, in light of "higher potential returns," Citi says.
Crypto Super PAC Fairshake raised $160 million by end of May: CNBC Crypto World
CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's…
SpaceX unveils backpack-sized 'Starlink Mini' satellite internet antenna for $599
SpaceX is rolling out a compact version of its satellite internet antennas called "Starlink Mini."
OpenAI co-founder Ilya Sutskever announces his new AI startup, Safe Superintelligence
OpenAI co-founder Ilya Sutskever, who left the company in May, announced his new startup, which he's calling Safe Superintelligence, or SSI.
S&P 500 futures are little changed as Wall Street looks for Nvidia to keep leading market
Stocks are coming off of a winning session on Tuesday and are on pace to end the shortened trading weak higher.
Goldman Sachs refreshed its conviction lists of global stocks — giving one 63% upside
CNBC Pro looks at three additions to Goldman's "directors' cut" of top global stocks that were given more than 40% upside potential…
The Fed is 'playing with fire' by not cutting rates, says creator of 'Sahm Rule' recession indicator
As the jobless level has ticked up in recent months, the "Sahm Rule" has generated increasing talk on Wall Street.
Top BofA auto analyst says Detroit automakers need to exit China as soon as possible
The rise of local Chinese automakers, such as BYD and Geely, has put growing pressure on Detroit automakers.
Major altcoins sink amid broader crypto pullback: CNBC Crypto World
CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's…
McDonald's to end AI drive-through test with IBM
While it is ending the AI drive-through test with IBM, McDonald's said it is not done with AI in its drive-through process.
It's the hottest stock in the S&P 500 this month. When the charts say it's time to sell
Katie Stockton breaks down the chart in Broadcom.
AI hype is supportive of stock valuations, but cracks are emerging elsewhere, warns Schwab's Sonders
Sonders said market churn and under-the-surface weakness could persist for a while.
Fishbowl Uses Square for US Expansion with New York’s Thisbowl
Square has partnered with Fishbowl, an Australian healthy fast food chain, to support its expansion into the United States. Founded in 2016 by Nathan…
One-Click Online Payments: Mastercard’s New Era of Secure Ecommerce
A new era of one-click online payments is on the horizon, promising to simplify the shopping experience and enhance security. Today, physical transac…
For the Latest in Tech Don’t Miss TECHSPO Atlanta 2024
TECHSPO Atlanta 2024 is a two-day technology expo taking place June 30 – July 1, 2024. This event brings together developers, marketers, and innovato…
In the News: Up to $100K in Matching Grants Available Now
Educational resources provided through grants can greatly benefit small business owners by improving their knowledge and skills. These resources …
CEOs at Trump meeting: Ex-president 'meandering' and 'doesn't know what he's talking about'
Trump offered scant details on how he would reduce taxes and cut back on business regulations, according to two people in the room.
'Inside Out 2' arrives in theaters and could hit a 100-day run. Here's why that's increasingly rare
Both Walt Disney Animation and Pixar struggled to regain a foothold at the box office after pandemic restrictions lessened and audiences returned to …
European stocks close lower as markets assess U.S. outlook; autos down 2.3%
European stocks closed lower Thursday as investors reacted to the U.S. Federal Reserve's latest monetary policy decision and U.S. inflation data.…
Less Than a Quarter of Small Businesses Offer 401(k) Plans to Employees
Less than a quarter of small businesses currently offer 401(k) plans for employees, according to a recent survey. And this low rate may be largely du…
Top Southwest shareholder signals support for Elliott activist campaign
Elliott is seeking to oust the airline's CEO Bob Jordan and executive chairman Gary Kelly, which Artisan also signaled support for.
European stocks close lower as focus turns to Fed, U.S. inflation; UK wage growth holds
European stocks slipped further on Tuesday as investors looked ahead to the U.S. Federal Reserve's next meeting and U.S. inflation data.
Trump Media shares fall after new SEC filing with reaudited financial statement
Trump Media, which trades as DJT on the Nasdaq, is majority-owned by former President Donald Trump.
France's Macron calls for snap election after losing big to the far right in EU vote
Marine Le Pen's far-right National Rally is set to win around 31.5% of the vote, compared to 15.2% for Emmanuel Macron's Renaissance party, a…
Far right makes big gains in EU elections as Greens see steep losses, early data indicates
Populist, far-right parties have won record support in this year's European Parliament elections, early exit polls indicated Sunday.
Centrist member of Israel’s war cabinet resigns over lack of plan for postwar Gaza
Benny Gantz, a centrist member of Israel's three-man war Cabinet, announced his resignation on Sunday.
Modi is sworn in for a rare third term as India’s prime minister
The 73-year-old popular but polarizing leader is only the second Indian prime minister after Jawaharlal Nehru to retain power for a third five-year t…
European voters head to the polls on final day of EU election
The final, and biggest, day of voting in the European Union elections is underway, with millions expected to cast their vote.
Europe stocks close lower as investors digest U.S. jobs report
European stocks closed lower on Friday, as investors digested fresh U.S. jobs data and the European Central Bank's latest interest rate commentar…
Beyoncé tickets, book advances, Bali trip revealed in new Supreme Court financial disclosures
Supreme Court Justice Ketanji Brown Jackson valued four Beyoncé tickets at $3,711.84.
Here's what to expect from Friday's big jobs report
Economists surveyed by Dow Jones expect the Bureau of Labor Statistics to report that the U.S. economy added 190,000 more jobs on the month.
British tech pioneer Mike Lynch acquitted at U.S. fraud trial
It's a major win for the entrepreneur who has been dogged by legal problems since selling his company to Hewlett-Packard in 2011.
Rivian redesigns all-electric R1 pickup and SUV, adds Nvidia chips and improves performance
Rivian said it has changed more than half the hardware components for the second-generation products ahead of anticipated R2 models.
This 'quasi monopoly' chip stock will drive AI trend for the next decade, says fund manager
The chip company's products enable the manufacturing of AI chips designed by Nvidia, AMD, and Intel.
Indian Prime Minister Narendra Modi's election shortfall leaves Wall Street scrambling
A stunning political setback for Indian Prime Minister Narendra Modi has Wall Street furiously trying to understand its impact on India's economi…
Nvidia passes Apple in market cap as second-most valuable public U.S. company
Investors are becoming more comfortable that Nvidia's huge growth in sales to a handful of cloud companies can persist.
Biden's new immigration executive order could tighten labor markets, but ease supply chain bottlenecks
President Joe Biden's executive order will tighten asylum restrictions. It could also impact labor markets and ease supply chain pressure at U.S.…
Khosla Ventures backs weather balloon startup that uses AI to upend forecasts
Windborne's balloons can fly for weeks, as opposed to today's government-launched weather balloons which stay aloft for just a few hours.
These are JPMorgan’s top stock picks for clients heading into June
JPMorgan spotlighted a fresh set of stocks, reflecting its analysts' top picks as May begins, including Carvana and L3Harris Technologies.
‘No quid pro quo’ between Trump and oil execs at Mar-a-Lago, Gov. Burgum says
Gov. Doug Burgum is denying reports that former President Trump told oil executives he’d reduce regulations if they helped him raise money to get ele…
Nvidia announces new AI chips months after latest launch as market competition heats up
Nvidia CEO Jensen Huang announced the new AI chip architecture, dubbed "Rubin," ahead of the COMPUTEX tech conference in Taipei.
Japanese billionaire Maezawa cancels moon flyby mission
In 2022, Maezawa announced that K-pop star TOP and DJ Steve Aoki would be among the eight crew members he planned to take on the dearMoon mission.
A Chinese spacecraft lands on moon’s far side to collect rocks in growing space rivalry with U.S.
The moon program is part of a growing rivalry with the U.S. — still the leader in space exploration — and others, including Japan and India.
Italy is bracing for a record wave of tourists, but is having trouble handling them
Being a tourist in Italy is turning into a full-time job.
South Africa's ruling ANC loses majority in country's most sweeping political shift in 30 years
South Africa's governing African National Congress lost its parliamentary majority of 30 years, in the country's most sweeping political shif…
