Northrop Grumman is setting itself up for a strong future, according to Deutsche Bank. The bank upgraded the aerospace and defense stock to buy from hold. It also raised its price target to $700 from $575, implying a gain of 13%. NOC YTD mountain NOC YTD chart Analyst Scott Deuschle pointed to strong expected free cash flow growth after 2028. This should happen after the Northrop Grumman B-21 Raider stealth bomber flips from cash losses to cash profit around 2029 and 2030. The Northrop Grumman Sentinel program will also move to higher margin and growth production, he said. “Further supporting…
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Larry Lindsey, president and CEO of The Lindsey GroupAdam Jeffery | CNBCFormer U.S. Federal Reserve Governor Larry Lindsey has withdrawn his name from consideration for the position of Fed chair, CNBC’s Eamon Javers reported on Thursday.”I have a very full varied and enjoyable life right now that I don’t want to give up to go through the mill of public life,” Lindsey told Javers via text message on Thursday.Lindsey was one of the candidates being interviewed by Treasury Secretary Scott Bessent. President Donald Trump has been considering a list of candidates to replace Federal Reserve Chairman Jerome Powell for when…
Samuel Boivin | Nurphoto | Getty ImagesAnthropic on Wednesday said it plans to open its first office in India, entering a market where artificial intelligence usage is growing and its rival OpenAI is already making headway.The Amazon-backed AI firm, valued at $183 billion, said it plans to open an office in Bengaluru in early 2026. It will be the company’s second office in Asia after Tokyo, Japan.Dario Amodei, CEO of Anthropic, is visiting India this week to meet with public officials and enterprise partners, the company said.AI adoption among both consumers and businesses is expected to ramp up quickly in…
Elevance Health is emerging from a 2025 reset with improved positioning to restore margins and grow its earnings base. Management has demonstrated discipline by lowering guidance to reflect elevated costs rather than delaying recognition, clearing the decks for the future. At the same time, the Carelon platform continues to deliver robust growth, diversifying revenue streams beyond traditional insurance underwriting. With revenue growth still strong, ongoing capital returns, and valuation at a discount to peers, Elevance is positioned for earnings normalization into 2026, supported by its multi-pillar business model. Trade timing & outlook ELV recently broke out above its $300 resistance…
U.S. Secretary of the Treasury Scott Bessent leaves the Economy Ministry building, days after Argentine President Javier Milei’s administration sealed a new loan deal with the IMF, in Buenos Aires, Argentina April 14, 2025. Agustin Marcarian | ReutersThe U.S. government purchased Argentine pesos and finalized a $20 billion currency swap framework with Argentina’s central bank, U.S. Treasury Secretary Scott Bessent said on Thursday, sending the peso and Argentine dollar bonds sharply higher.”The U.S. Treasury is prepared, immediately, to take whatever exceptional measures are warranted to provide stability to markets,” Bessent said in a post on X.Argentina’s 2035 bond rose 4.6 cents to trade at 60.58…
Amazon is launching prescription drug kiosks at some One Medical offices in Los Angeles, the company announced Wednesday, in a move that could disrupt brick-and-mortar pharmacy businesses.The kiosks are operated by Amazon Pharmacy and work similar to a vending machine, disbursing prescriptions for patients “within minutes” of their doctor visit, the company said.Each machine can stock hundreds of prescriptions, such as antibiotics, inhalers and blood pressure treatments, with inventory that’s tailored to specific locations.”We know that when patients have to make an extra trip to the pharmacy after seeing their doctor, many prescriptions never get filled,” said Hannah McClellan, Amazon…
Levi Strauss’s profits are growing more than Wall Street expected despite higher costs from tariffs, thanks to targeted price increases and a shift away from wholesalers, the company said Thursday as it reported fiscal third quarter results. During the quarter, Levi’s gross margin grew 1.1 percentage points to 61.7%, up from 60.6% in the year-ago period and better than the 60.7% analysts had expected, according to StreetAccount. In an interview with CNBC, CEO Michelle Gass said the company has started to raise the price of some of its jeans and clothes and will hike more prices in the U.S. and other markets…
There are still big gains to be had in Nvidia , according to Cantor Fitzgerald. The investment firm raised its price target on the graphics processing unit maker to $300 from $240, implying that shares could surge 59%. Cantor also kept its overweight rating on the stock. While renewed interest in the AI trade has driven Nvidia to new highs recently, analyst C.J. Muse asserted that the stock’s long-term prospects still look solid. Supporting this point is the fact that AI token demand has “exploded” in the past 12 to 16 weeks. NVDA YTD mountain NVDA YTD chart “We are…
(These are the market notes on today’s action by Mike Santoli, CNBC’s Senior Markets Commentator. See today’s video update from Mike above.) It says a lot about the gentleness of the market’s recent climb that today’s half-percent sag in the S & P 500 would essentially match the two worst days for the index since late August. At this point, the action is best described as a few days of hesitation since the index first hit the 6,700 level eight days ago. Still, because so much attention has fallen on the sustainability of the feverish AI-driven leadership and we’re now…
NY Attorney General Letitia James speaks during a press conference on the Department of Government Efficiency (DOGE) at Manhattan Federal Courthouse on Feb. 14, 2025 in New York City. Michael M. Santiago | Getty ImagesNew York Attorney General Letitia James was indicted Thursday by a grand jury in Virginia on at least one count of bank fraud after evidence presented by a prosecutor hand-picked by President Donald Trump, MSNBC reported.James is a long-time antagonist of Trump.The same prosecutor who obtained the indictment, Lindsey Halligan, recently obtained a criminal indictment against another Trump foe, former FBI Director James Comey.This is breaking…
