Check out the companies making headlines before the bell. Tesla — The electric vehicle maker jumped 6% after Bloomberg News reported that President-elect Donald Trump’s transition team is planning to make a national regulatory framework for self-driving vehicles a top priority for the U.S. Transportation Department. Spirit Airlines — Shares of the struggling airline were…
What exactly President-elect Donald Trump’s second term means for the stock market will be the question investors continue to grapple with in the week ahead. Nvidia earnings results will also be on deck as investors deal with stubbornly high interest rates as well. The postelection rally took a pause this week, with all three major averages…
Even with vaccine skeptic Robert F. Kennedy Jr. tapped to potentially lead the Department of Health and Human Services, CNBC’s Jim Cramer said drug and junk food industries aren’t necessarily headed for ruin. “Ultimately, if RFK dons jackboots and demands that we don’t have vaccines or eat junk food, it probably won’t matter,” he said….
Check out the companies making headlines in midday trading: Global pharma stocks — Shares of several vaccine makers declined after President-elect Donald Trump selected prominent vaccine skeptic Robert F. Kennedy Jr. as health secretary on Thursday. Shares of Moderna and Pfizer slipped nearly 9% and 5%, respectively. BioNTech , which helped develop a Covid vaccine with…
Expectations fall towards a January rate cut With Treasury yields rising on the back of a Trump election victory, expectations have fallen as to how aggressive the Federal Reserve will be in cutting interest rates this winter. The fed funds rate, which determines what banks charge each other for overnight lending, currently ranges between a…
A split or united government coming out of a consequential U.S. presidential election next week could hold the key to how stocks perform going forward. The Nov. 5th election is set to remove a critical overhang for markets, which have had trouble pricing in a victory for either former President Donald Trump or Vice President…
Check out the companies making headlines in midday trading: Spotify — The music streaming platform advanced 2% after Wells Fargo named it a top stock pick . Analyst Steven Cahall cited Spotify’s rising profit margins, strong product mix and evolving record label relationships as catalysts while reiterating an outperform rating on the stock. Robinhood —…
Check out the companies making headlines in midday trading: Nio — The U.S.-listed shares of the Chinese electric vehicle maker climbed 9.5% after Nio announced a 13.3 billion yuan cash injection for its Nio China business. The transactions are expected to be completed by year-end, and will reduce Nio Inc.’s stake in Nio China to…
(This is CNBC Pro’s live coverage of Friday’s analyst calls and Wall Street chatter. Please refresh every 20-30 minutes to view the latest posts.) A biotech stock and an energy company were among the names being talked about by analysts on Friday. JPMorgan downgraded Moderna to underweight from neutral. Meanwhile, BMO Capital Markets initiated GE…