Federal Reserve Governor Stephen Miran said Wednesday that the latest impasse in trade talks between the U.S. and China poses new dangers to the economic outlook and makes the case for rate cuts even more urgent.Speaking at the CNBC “Invest in America Forum” in Washington, D.C., the central bank policymaker noted the threat from China’s decision to restrict access to rare earths materials, which prompted a threat from President Donald Trump for 100% tariffs in Chinese imports.Miran said that the dispute raises the level of uncertainty during a year when it already had been running high.”I had been operating under…
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Check out the companies making the biggest moves in midday trading: F5 — Shares of the cybersecurity firm fell more than 3% after it disclosed a nation-state actor gained access to its systems. The company said the breach hasn’t hurt its operations. Progressive — The insurer’s stock tumbled about 8% after reporting disappointing results. Progressive earned $4.45 per share on $21.38 billion in revenue, short of the $5.04 per share analysts expected it to earn. Revenue also was shy of the $21.82 billion estimate. One factor that hurt its performance was a policy change in Florida that caps an insurer’s…
Amphenol has been a hot trade this year, and Bank of America thinks it there’s even more upside ahead. Analyst Wamsi Mohan upgraded the Nvidia supplier and maker of electrical connectors, copper and fiber cables to buy from neutral. He also raised his price target on the stock to $150 from $120, pointing to a gain of 22.3% from Tuesday’s close. The stock has seen parabolic growth in recent months amid strength in several industries connected to the AI industry. The stock is up more than 41% over the past three months and roughly 91% in the past six months.…
Nuclear stocks rallied Wednesday after the U.S. Army launched a program to deploy small reactors.Shares of NuScale, a small reactor developer, soared 17%. Oklo and Nano Nuclear were up nearly 7% and 4%, resepectively. The uranium company Centrus was up 13%.The U.S. Army on Tuesday launched a program to build micro nuclear reactors in partnership with the Defense Innovation Unit. The microreactors will be commercially owned and operated with the goal of helping developers scale up their businesses, according to the Army.Stock Chart IconStock chart iconNuScale Power (SMR), 1 dayThe Army launched the “Janus Program” in response to President Donald…
Travis Hutchison, a soybean farmer, unloads his cargo from his family’s truck at a local grain dealer in Queen Anne, Maryland, on Oct. 10, 2025. Roberto Schmidt | AFP | Getty ImagesThis 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. Transpacific turmoilThe volatile U.S.-China relationship hit another bump yesterday when President Donald Trump said he is considering placing a cooking oil embargo on Beijing in retaliation for it’s refusal to buy U.S. soybeans. The ongoing feud has led to choppy stock market trading…
An Aligned data center in Northlake, Illinois, US, on Thursday, Oct. 9, 2025.Christopher Dilts | Bloomberg | Getty ImagesNvidia, Microsoft, BlackRock and Elon Musk’s xAI are part of a consortium of investors that has agreed to purchase Aligned Data Centers for $40 billion, the companies announced Wednesday.Aligned designs and operates data centers and data campuses across North and South America, and is owned by Macquarie Asset Management.MGX of Abu Dhabi, United Arab Emirates, BlackRock’s Global Infrastructure Partners and members of Artificial Intelligence Infrastructure Partnership, or AIP, will acquire 100% of the company’s equity, in what will be the largest global…
An improving environment for peripherals has created a buying opportunity in Logitech , according to Citi. The bank upgraded the computer peripherals maker to buy from neutral, saying the return-to-office trend and strong gaming demand will be supportive of videoconferencing equipment, keyboards, mouses and other equipment from the company. “We’re upgrading LOGI to Buy from Neutral with a TP of $130 (ETR of ~25%),” read a Wednesday note from the firm. “Peripheral demand should benefit given positive PC datapoints with checks suggesting constructive Videoconferencing equipment demand amidst return to office, and strong gaming peripherals demand.” Logitech shares have already surged…
The Trump administration will set price floors across a range of industries to combat market manipulation by China, Treasury Secretary Scott Bessent told CNBC in an exclusive interview Wednesday.China has driven foreign competitors in the rare earth industry out of business over the past two decades by using its global dominance in refining and processing to slash prices, Bessent said.”When you are facing a nonmarket economy like China, then you have to exercise industrial policy,” Bessent told Sara Eisen at CNBC’s Invest in America Forum in Washington, D.C.”So we’re going to set price floors and the forward buying to make…
Walmart is deploying millions of ambient Internet of Things battery-free sensors throughout its massive supply chain in the U.S.The retail giant is using technology from Wiliot in what the IoT vendor is calling the first large-scale deployment of ambient IoT in the retail sector and one of the largest such implementations to date.Ambient IoT is a class of IoT devices mainly powered by harvesting ambient energy from radio waves, light, motion, heat, or other viable ambient energy sources. It’s an evolution of legacy IoT and radio frequency identification technologies that promise lower costs and high scalability.Walmart will be using the…
Check out the companies making the biggest moves in premarket trading: Bank of America — The Brian Moynihan-led bank rose 4.5% after earnings and revenue beat analyst expectations . BofA earned $1.06 per share on revenue of $28.24 billion, while analysts polled by LSEG estimated a profit of 95 cents per share on revenue of $27.5 billion. Strong investment banking revenue drove the results. Morgan Stanley — The Wall Street investment bank reported earnings that beat expectations by the largest margin in five years, sending shares 4% higher. Earnings came in at $2.80 per share, versus the $2.10 LSEG consensus…
