Finance
My top 10 things to watch Wednesday, Nov. 5 1. Democrats had a big election night in the country’s three most contested races. Democratic socialist Zohran Mamdani won the New York City mayoral race. In New Jersey, Democrat Mikie Sherrill won the gubernatorial race. In Virginia, Democrat Abigail Spanberger won to become the commonwealth’s first-ever…
Key Takeaways Pinterest’s earnings and holiday quarter guidance fell short of forecasts, and its shares dropped in morning trading. The social media and search platform set a record for number of monthly active users. Shares of Pinterest (PINS) plunged after the visual social media and search company missed profit expectations and gave weak holiday quarter…
The latest beat-and-raise quarter from Danaher is reviving Wall Street’s hopes for the stock. Can it last? Danaher, a supplier of tools and equipment to drugmakers and hospitals, had been known for decades as an impeccably run company with reliable stock outperformance. However, since its Covid-era record close of nearly $295 per share in September…
Michael Burry unnerved investors this week with seemingly fresh wagers against artificial intelligence favorites Nvidia and Palantir Technologies . However, despite the splash his disclosure made, the famed “Big Short” investor is likely sitting on losses from those bearish bets. Burry’s hedge fund, Scion Asset Management, held about 50,000 put contracts on Palantir and 10,000…
Private employers added 42,000 jobs to the US economy in October, according to ADP’s private payrolls report, rebounding from an upwardly revised loss of 29,000 jobs in September. Forecasters were expecting the economy to add 30,000 jobs during the month, according to S&P Global Market Intelligence. “Private employers added jobs in October for the first…
When David Levi was laid off a few years ago, he turned to his theremin. The electronic instrument, which musicians play by waving their hands between two “antennas,” became the inspiration for a business, MicroKits. Today, the Virginia-based company sells electronic kits that people can use to build their own theremin – learning about electronics…
A trader works at the New York Stock Exchange on Nov. 3, 2025. NYSE This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Here are five key things investors need to know to start the trading day: 1. Shock value Stocks sold off yesterday amid investor concerns about the valuations of…
By Amanda Cooper LONDON (Reuters) -Stocks fell on Wednesday, as a selloff in global tech shares dragged down markets from Tokyo to Frankfurt, driving volatility to highs not seen since April and helping underpin safe-haven assets like gold and government bonds. Asia stocks were hit particularly hard overnight, pushing Japan’s Nikkei down nearly 7% from…
This article first appeared on GuruFocus. Shares of Advanced Micro Devices (AMD, Financials) fell on Tuesday after Morgan Stanley’s negative commentary made investors less optimistic before the company’s third-quarter earnings report. Analyst Joseph Moore gave the stock a Hold rating and a price objective of $246, which means that it won’t go up much from…
Nvidia boss Jensen Huang has told Sky News the AI sector is a “long, long away” from a Big Short-style collapse. Speaking outside Downing Street following a roundtable with government and other industry figures, the head of the world’s first $5tn company defended his sector from criticism by investor Michael Burry. Mr Burry and his…