BlackRock , a giant in the world of stocks and bonds, is ramping up its efforts to serve the stablecoin market, the company first told CNBC. This latest move from Larry Fink’s firm, set to be announced Thursday, aims to further capitalize on the boom in cryptocurrencies. The manager of $13.5 trillion in assets has retooled one of its money market funds with an investment strategy designed to appeal to stablecoin issuers. One of its defining attributes: It complies with the landmark piece of U.S. legislation, signed into law this summer by President Donald Trump , that provides a regulatory…
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Micron Technology could rise from here due to a skewed supply-demand imbalance, according to UBS. The bank reiterated its buy rating on the semiconductor stock and raised its 12-month price target to $245 per share from $225. This revised price forecast implies that shares of Micron could rally 28% from their Wednesday close of $191.94. Analyst Timothy Arcuri pointed to an intensifying shortage in DRAM, or dynamic random access memory, as a tailwind for Micron stock. “Our latest round of industry checks points to a very robust demand environment being met by acute and worsening DRAM supply shortages,” he wrote.…
My top 10 things to watch Thursday, Oct. 16 1. Salesforce issued better-than-expected 2030 guidance and said it will return to double-digit organic revenue growth. Very important. It was perceived to be impossible because AI was hurting its other businesses while its own AI product, Agentforce, wasn’t catching on one year later. Shares jumped more than 6% this morning. 2. Strong quarter from chipmaking giant TSMC , which raised its 2025 revenue growth outlook to the mid-30% range, up from the 30% expected in July. The maker of Nvidia and Apple’s chips is also expecting Q4 operating margin in the…
Treasury Secretary Scott Bessent speaking at the CNBC Invest In America Forum in Washington, D.C. on Oct. 15, 2025.Aaron Clamage | CNBCThis 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. Tariff troublesAs the U.S.-China rare earth dispute reignites fears of a trade war, tariffs are back in the spotlight for both investors and policymakers. Stocks have oscillated in recent days as traders make bets on whether President Donald Trump will back off his threats — following the “TACO” playbook, as some have called…
Check out the companies making the biggest moves before the bell: J.B. Hunt Transport Services — The trucking and logistics company jumped more than 14% on strong quarterly results. In the third quarter, J.B. Hunt earned $1.76 per share on revenue of $3.05 billion. Analysts polled by LSEG expected earnings of $1.46 per share on revenue of $3.03 billion. Rival truckers Schneider National and Werner Enterprises rose between 2.5% and 3% each. Salesforce — The customer relationship software vendor climbed 6.1% after saying it expects revenue above $60 billion in 2030 . Analysts polled by LSEG had penciled in $58.37…
Wells Fargo thinks that T-Mobile is positioned well to take market share from its key rivals going forward. The bank upgraded the telecommunications stock to an overweight rating from equal weight. Analyst Eric Luebchow accompanied the move by lifting his price target to $260 from $250. Shares of T-Mobile have added 3% this year. Luebchow’s revised price forecast offers upside of 15% from here. TMUS YTD mountain TMUS YTD chart “The premium multiple versus T and VZ has compressed, and while the stock still trades at a premium to peers, we believe it’s better positioned to outperform from current levels,”…
Here are Thursday’s biggest calls on Wall Street: Baird initiates RocketLab as outperform Baird said the rocket company is best positioned for space travel. “We are initiating coverage of Rocket Lab (RKLB) with an Outperform rating and $83 price target based on 30x our 2030 revenue estimate.” TD Cowen initiates Vistra as buy TD Cowen said the energy company is a new top pick at the firm. “We see VST benefiting from structural tailwinds in the power space as electricity demand continues to grow faster than new generation can come online.” Truist initiates Gartner as buy Truist said the IT…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailTom Fitzgerald, TD Cowen analyst, joins ‘Squawk Box’ to discuss the impact of the government shutdown on the airline sector, what disruptions to air travel could look like, Source link
The Nio logo is seen at the Nio booth at the National Exhibition Center in Shanghai, China, on April 28, 2025, during the Shanghai Automobile Show 2025.Nurphoto | Nurphoto | Getty ImagesHong Kong-listed shares of Nio plunged nearly 9% after Singapore’s sovereign wealth fund GIC sued the Chinese electric vehicle maker for allegedly violating securities laws by inflating its revenues.The lawsuit named Nio’s CEO Li Bin and former Financial Officer Feng Wei as defendants, according to a court document filed in August in the Southern District of New York court.The complaint alleged that Nio unlawfully recognized over $600 million of…
All three of Sea Limited’s core businesses are posited well for gains from here, according to Bank of America. The bank upgraded shares of the Singapore-headquartered consumer internet company to buy from neutral. Sea is a holding company for e-commerce marketplace operator Shopee and gaming platform and developer Garena. Analyst Sachin Salgaonkar also raised his price target to $215 from $206, implying upside of 32% from Wednesday’s close. Although shares of Sea have surged 54% in 2025, Salgaonkar noted that the company has been trading range bound in the last few months and fell 10% on Wednesday due to concerns…
