Here are five key things investors need to know to start the trading day:1. Four-wardThe S&P 500 marked its fourth winning day in a row Thursday, gaining 0.75%. The Nasdaq Composite did even better, rising 1%, as investors snapped up tech names, while the Dow Jones Industrial Average added 235.06 points, or 0.58%. The gains came as investors monitored Thursday’s producer price index, which was the final inflation data that will be released before next week’s Federal Reserve meeting. The report, which measures the average change in prices businesses receive for their goods and services, showed a 0.2% rise in wholesale prices in August, which…
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Aerial view of the Moscow Kremlin landmarks: St. Basil’s Cathedral, Kremlin, Spasskaya Tower and Red SquareSergey Alimov | Moment | Getty ImagesIn the late 1970s, American spy Jim Olson was stationed in Moscow. At the time, it was one of the riskiest and highest-stakes CIA stations in the world. Olson, who served more than 30 years overseas, had been intercepting sensitive Russian information that was being sent over microwave transmissions. He knew that, if they were caught, it could mean spending the rest of their lives in a Soviet prison. Many of the transmissions dealt with military and defense information, and they…
The future of lithium production in the U.S. is gaining momentum in Arkansas, as companies like ExxonMobil, Albemarle, and Standard Lithium make significant investments in the state. This comes at a time when global demand for lithium, driven by electric vehicles and energy-storage needs, continues to grow. In 2023, global lithium consumption reached 180,000 metric tons, up from 142,000 metric tons in 2022, according to the United States Geological Survey. But the U.S. produces less than 1% of the world’s supply. While most of the world’s lithium still comes from countries like Australia, Chile and China, Arkansas could change that. The…
Dimensions | E+ | Getty ImagesA version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.The tightening presidential race has touched off a wave of tax planning by ultra-wealthy investors, especially given fears of a higher estate tax, according to advisors and tax attorneys.The scheduled “sunset” of a generous provision in the estate tax next year has taken on new urgency as the odds of a divided government or Democratic president have increased, tax experts say. Under current law,…
Check out the companies making headlines before the bell. Boeing — The stock sank 4% after Boeing factory workers went on strike early Friday after rejecting a new labor contract. The work stoppage will impact production of most aircrafts, including the 737 Max. Oracle — Shares of the database software company rallied more than 6%. Oracle lifted its fiscal 2026 revenue forecast and shared strong guidance for the 2029 fiscal year. Moderna — Shares dropped 4% after JPMorgan downgraded the drugmaker to underweight. The firm expected changes to the company’s long-term revenue forecast to weigh on the stock. RH —…
Close-up of sign at entrance to Silicon Valley headquarters of outsourcing and freelancing company Upwork, Mountain View, California, May 3, 2019. Smith Collection | Gado | Archive Photos | Getty ImagesActivist investor Engine Capital has a roughly 4% stake in freelance marketplace Upwork and is pushing for a shakeup to the company’s board.In a letter to Upwork’s board on Friday, Engine said the company needs to fix “foundational issues” that are plaguing the platform. Upwork shares rose more than 3% on the news in pre-market trading Friday.Engine stopped short of calling for CEO Hayden Brown’s ouster in the letter, which was…
U.S. President Joe Biden delivers remarks during a visit to the United Association Local 190 Training Center in Ann Arbor, Michigan, U.S., September 6, 2024. Craig Hudson | ReutersThe Biden administration announced new steps on Friday to curtail what it calls the “overuse and abuse” of a longstanding trade law that permits low-value shipments to enter the United States without paying import duties and processing fees.The steps include a new rule proposal, which would bar overseas shipments of products that are subject to U.S.-China tariffs from being eligible for the special customs exemption.Known as the de minimis loophole, the trade provision…
Jeep Wagoneer S Trailhawk EV conceptMichael Wayland / CNBCDETROIT — Stellantis’ Jeep brand is well known for scaling tough terrains, but its latest challenge of achieving 1 million vehicle sales domestically by 2027 will be a steep hill to climb.Jeep, a coveted brand in the automotive industry, has been in a U.S. sales rut that has included five years of annual sales declines, with 2024 on pace to potentially become the sixth.Nonetheless, Jeep CEO Antonio Filosa believes the brand’s worst days are behind it and it’s still possible to achieve the 1 million sales target. The company is executing a…
The 12 core Investing Club portfolio stocks that we identified at our Annual Meeting in February are the 12 we still stand by. On Thursday, during our September Monthly Meeting, a member asked Jim Cramer whether he would change any of the core holdings, which are Apple , Amazon , Costco , Danaher , Eaton , GE Healthcare , Linde , Eli Lilly , Meta Platforms , Microsoft , Nvidia , and TJX Companies . Jim said no. “I just want to add one,” he added. “I said Wells Fargo would be good down here.” Wells Fargo Why we own…
As the riots raged in the U.K., Elon Musk began making incendiary comments about the situation, including the statement: “Civil war is inevitable.” Musk is the owner of X, the social media platform formerly known as X.Aytug Can Sencar | Anadolu | Getty ImagesLONDON — The U.K. government has had “constructive” talks with Elon Musk’s social media site X over the spread of misinformation and other harmful content, technology minister Peter Kyle told CNBC Friday.Kyle told CNBC’s Arabile Gumede that the government had been in contact with all the major social media platforms — including Musk’s X — over the…
