Finance

Your source for breaking finance news and business headlines from around the globe

108064062 1731787930499 gettyimages 2147787475 jg2 7153

Elon Musk endorses Trump's transition co-chair Howard Lutnick for Treasury secretary

Finance / By

On Saturday, Elon Musk shared who he is endorsing for Treasury secretary on X, a cabinet position President-elect Donald Trump has yet to announce his preference to fill. Musk wrote that Howard Lutnick, Trump-Vance transition co-chair and CEO and chairman of Cantor Fitzgerald, BGC Group and Newmark Group chairman, will “actually enact change.” Lutnick and Key […]

Elon Musk endorses Trump's transition co-chair Howard Lutnick for Treasury secretary Read More »

108062337 1731514175341 gettyimages 2183887361 AFP 36M92HQ

How to protect your portfolio against risks tied to President-elect Trump's tariff agenda

Finance / By

Money manager John Davi is positioning for challenges tied to President-elect Donald Trump’s tariff agenda. Davi said he worries the new administration’s policies could be “very inflationary,” so he thinks it is important to choose investments carefully. “Small-cap industrials make more sense than large-cap industrials,” the Astoria Portfolio Advisors CEO told CNBC’s “ETF Edge” this

How to protect your portfolio against risks tied to President-elect Trump's tariff agenda Read More »

107261605 1687528285738 gettyimages 1242139649 BC 2022NumberChart 8674

Stocks making the biggest moves midday: Palantir, Moderna, Ulta Beauty, Alibaba and more

Finance / By

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

Stocks making the biggest moves midday: Palantir, Moderna, Ulta Beauty, Alibaba and more Read More »

105793513 1572010362222baron

Ron Baron sees Tesla worth $5 trillion in 10 years, says Musk eyeing $30 trillion value one day

Finance / By

Billionaire investor Ron Baron, a longtime Tesla bull and shareholder, said he believes the electric vehicle company could hit a $5 trillion market capitalization in a decade, and that CEO Elon Musk has an even higher number in mind longer term. “Tesla, I think, is going to be worth $3 [trillion] or $4 trillion —

Ron Baron sees Tesla worth $5 trillion in 10 years, says Musk eyeing $30 trillion value one day Read More »

107267423 16886483572023 07 06t125254z 966888689 rc2fx1a86aej rtrmadp 0 china tech ai

Stocks making the biggest moves premarket: Alibaba, Applied Materials, Ulta Beauty and more

Finance / By

Check out the companies making headlines before the bell. Applied Materials — Shares tumbled more than 8% after the semiconductor equipment manufacturer offered weak revenue guidance for the current quarter. Applied Materials said it forecasts $7.15 billion in the first fiscal quarter, under the estimate of $7.224 billion from analysts polled by LSEG. The company

Stocks making the biggest moves premarket: Alibaba, Applied Materials, Ulta Beauty and more Read More »

108063448 1731623329162 gettyimages 2182166949 Real Estate Construction in Shanghai

China set to report retail sales and industrial production data for October

Finance / By

BEIJING — China’s National Bureau of Statistics is scheduled Friday to release retail sales, industrial production and fixed-asset investment data for October. Retail sales are expected to have picked up to 3.8% year-on-year growth, according to analysts polled by Reuters, after rising by 3.2% in September. Industrial production was forecast to have risen by 5.6%,

China set to report retail sales and industrial production data for October Read More »

106334148 1578942131473gettyimages 529002214

Stocks making the biggest moves after hours: Domino's Pizza, Ulta, Applied Materials, Palantir and more

Finance / By

Check out the companies making headlines in after-hours trading: Domino’s Pizza , Ulta Beauty — Shares surged about 8% after Berkshire Hathaway announced a new stake in the pizza chain in a regulatory filing. The Warren Buffett-led firm bought more than 1.2 million shares, making the stake worth around $550 million at the end of

Stocks making the biggest moves after hours: Domino's Pizza, Ulta, Applied Materials, Palantir and more Read More »

108060050 17310180932024 11 07t202859z 817361408 rc2k0baib9lu rtrmadp 0 usa fed

Powell says the Fed doesn't need to be 'in a hurry' to reduce interest rates

Finance / By

Federal Reserve Chairman Jerome Powell said Thursday that strong U.S. economic growth will allow policymakers to take their time in deciding how far and how fast to lower interest rates. The economy is not sending any signals that we need to be in a hurry to lower rates,” Powell said in remarks for a speech

Powell says the Fed doesn't need to be 'in a hurry' to reduce interest rates Read More »

108059994 1731010739158 gettyimages 2182764918 AFP 36LU6GM

Watch Fed Chair Powell speak live to business leaders in the Dallas area

Finance / By

[The stream is slated to start at 3 p.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell speaks Thursday to business leaders in the Dallas-Fort Worth area on monetary policy. Powell is delivering a speech followed by a Q-and-A session. The appearance

Watch Fed Chair Powell speak live to business leaders in the Dallas area Read More »

107401219 1713195239105 gettyimages 1428542713 1006 32 fl220624040

Stocks making the biggest moves midday: Tapestry, Capri, Disney and more

Finance / By

Check out the companies making headlines in midday trading: Disney — The media stock popped 7% on stronger-than-expected earnings and guidance, aided by growth in its streaming business. The company said it expects high-single-digit adjusted earnings growth in fiscal 2025. Capri , Tapestry — Both luxury apparel stocks rose after the companies called off their

Stocks making the biggest moves midday: Tapestry, Capri, Disney and more Read More »

Start typing and press enter to search

Scroll to Top