Check out the companies making headlines in midday trading: SoFi Technologies — Shares of the online personal finance company jumped around 11.4% after SoFi announced a $2 billion agreement with Fortress Investment Group to grow its loan platform business. Sirius XM Holdings — The audio entertainment stock popped 7.9% after Warren Buffett’s Berkshire Hathaway disclosed…
Check out the companies making headlines in midday trading: Tesla — Shares of the electric vehicle maker tumbled nearly 9% after its robotaxi event underwhelmed investors . Morgan Stanley analysts noted that the event “overall disappointed expectations” due to a lack of details in several areas, including how the company is going to compete against…
The pace of price increases over the past year took was higher than forecast in September while jobless claims posted an unexpected jump following Hurricane Helene, the Labor Department reported Thursday. The consumer price index, a broad gauge measuring the costs of goods and services across the U.S. economy, increased a seasonally adjusted 0.2% for…
U.S. Treasury yields were slightly lower early Tuesday, reversing course after the 10-year hit it highest level in more than two months during the previous session. The 10-year Treasury yield was nudged down less than 1 basis point to 4.02%, while the yield on the 2-year Treasury moved 3.5 basis points lower to 3.969%. Yields…
The stronger-than-expected September jobs report is good news for Main Street and Wall Street, CNBC’s Jim Cramer said Friday. Job gains of 254,000 in the month — paired with solid hourly earnings gains — suggest the U.S. economy is in a solid spot despite lingering slowdown fears, Cramer said. That kind of backdrop should lend…
Check out the companies making headlines in midday trading. Abercrombie & Fitch – Shares of the teen apparel retailer jumped nearly 8% after JPMorgan added it to its positive catalyst watch list. Analyst Matthew Boss raised the stock’s price target and third-quarter earnings estimate, saying its brands, which include Hollister, showed momentum during the recent…
Check out the companies making headlines before the bell. Intel – The chipmaker rose 4% on news that asset management company Apollo Global Management offered to make an equity-like investment of as much as $5 billion in Intel, according to a Bloomberg News report on Sunday. CNBC confirmed on Friday that Qualcomm had recently approached…
A Chinese national flag, left, and an Indian national flag are arranged for a photograph. Bloomberg | Bloomberg | Getty Images India’s commerce minister rejected the idea of joining the Regional Comprehensive Economic Partnership, the world’s largest trade deal, maintaining that it is not in the country’s interest to be part of a free trade…
The U.S. Federal Reserve is on Wednesday heading for its first interest rate cut since the onset of the Covid-19 pandemic — and despite the move being widely forecast, global investors are braced for impact. The Fed is behind a swathe of its central bank peers, including those in the euro zone, the U.K., Canada,…