Venezuelan opposition leader Maria Corina Machado is leading a demonstration against the re-inauguration of authoritarian President Maduro this Friday. Jesus Vargas | Picture Alliance | Getty ImagesThe White House on Friday criticized the Nobel Committee after it declined to pick President Donald Trump for the organization’s vaunted Peace Prize.But the prize’s actual recipient, Venezuelan opposition leader Maria Corina Machado, said she was partly dedicating the award to Trump for supporting her efforts to promote democracy in her country.Machado said in an X post that her cause of achieving freedom and democracy depends on Trump and other key allies.”I dedicate this…
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The struggling coal industry’s outlook is improving on growing U.S. power demand in part from artificial intelligence data centers, according to Jefferies. Long viewed as part of the “old economy,” coal is now exacting revenge by taking market share from fuels like natural gas that displaced it, Jefferies analysts told clients in a Thursday note. Thermal coal demand has increased 15% over last year, according to the firm. Jefferies upgraded Core Natural Resources to buy and increased its price target by 40% to $125 per share. The new target suggests 28% upside from Thursday’s close. It also bumped its target…
In some states, your Amazon toilet paper order or your DoorDashed fried rice may have gotten a little pricier. And the hope is that you won’t notice. While consumers are used to companies tacking on sneaky fees, the newest generation of bill increases are coming from government taxation, generally local or state.For instance, in recent years, Minnesota and Colorado have implemented fees on all deliveries. In Colorado, the fee is 28 cents, and in Minnesota, it is 50 cents on orders over $100. Some derisively refer to these fees as “doorstep taxes.”Other states – some solidly red, others deep blue…
The Merlion statue in the central business district of Singapore, on Tuesday, July 8, 2025.Lionel Ng | Bloomberg | 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.Moneyed entrepreneurs are looking to move, but not necessarily for the reasons you would expect, according to a new survey by HSBC.The bank polled 2,939 business owners with at least $2 million in investible assets or a total net worth of $20 million during April and May of this…
The Brooklyn Nets’s Nick Claxton shoots during a practice session ahead of the NBA pre-season games, at the Venetian Arena in Macau on October 9, 2025. Eduardo Leal | Afp | Getty ImagesNBA team owners and legends have welcomed U.S. basketball’s return to China after a six-year hiatus, saying the glitzy gambling hub of Macao is “buzzing like nothing before.”Two preseason games between the Brooklyn Nets and the Phoenix Suns are scheduled to take place on Friday and Sunday. The teams will play at The Venetian Hotel in Macao, a special administrative region of China.For Chinese fans of U.S. basketball,…
Morgan Stanley’s office in Canary Wharf financial district on Jan. 30, 2025 in London, UK.Mike Kemp | In Pictures | Getty ImagesMorgan Stanley on Friday told its financial advisors that the firm was broadening access to crypto investments to all clients and allowing such investments in any type of account, including retirement accounts, CNBC has learned.Starting Oct. 15, advisors will be able to pitch crypto funds to any client. Previously, the option was limited to those with an aggressive risk tolerance and at least $1.5 million in assets who wanted crypto in a taxable brokerage account. The move marks the…
BMO Capital Markets is optimistic on Weatherford International going forward. The bank initiated the energy services stock at an outperform rating and set a price target of $82. This implies a potential upside of 27% from Thursday close. Shares of Weatherford have slipped 10% this year. While it has recovered from its lows of the year, analyst Phillip Jungwirth wrote that he still views the stock as attractively valued. Indeed, the stock trades at a forward price-to-earnings multiple of 12.4, well below the S & P 500’s 25. WFRD YTD mountain WFRD YTD chart Jungwirth pointed to Weatherford’s strong internationally…
Costco has become one of the world’s biggest clothing retailers.Despite volatile stock price swings over the last year as it trades at a high multiple relative to its retail peers, the company has been a long-term winner. Costco said men’s apparel sales were up “double digits” in its fiscal fourth-quarter 2025 earnings, according to a call last month.From 2019 to 2024, Costco grew its annual apparel segment sales from $7 billion to $9.7 billion, a nearly 40% increase, according to estimates by GlobalData. Comparatively, its competitors BJ’s and Sam’s Club grew their apparel businesses by about 28% and 21%, respectively.While the…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC’s Tania Bryer talks to Alastair Campbell, former director of communications and strategy for the Blair Labour government, mental health campaigner and podcaster. Source link
Check out the companies making headlines before the opening bell : Applied Digital — Shares surged 30% after the datacenter builder reported that revenue in its fiscal first quarter was up 84% from the comparable period in the prior year. Stellantis — The French-Italian-American automaker reported a 13% rise in third-quarter shipments, prompting shares to gain 1.3% in premarket trading. The jump in shipments was led by new models and North American demand, in a sign of business recovery after several quarters of declining sales. Synchrony Financial — The financial services stock added1% on the back of HSBC’s upgrade to…
