This report is from this week’s CNBC’s UK Exchange newsletter. Like what you see? You can subscribe here.The dispatchLast Friday brought investors in Rightmove a new and unwelcome experience — a violent stock price correction.Shares of the U.K.’s biggest property portal, which hit a record in late July, fell by 28% at one point before finishing 12.5% lower, clipping nearly £634 million ($833.4 million) from Rightmove’s stock market valuation.The sell-off followed a trading update in which the former stock market darling, which accounts for more than 70% of all consumer time spent on U.K. property portals, pledged to hike spending on…
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European stocks are seen opening broadly higher on Wednesday, maintaining positive momentum seen earlier this week. Source link
Blue Whale Capital’s Stephen Yiu is positioning for further upside in gold despite the recent price pullback, and has named the world’s largest gold miner Newmont as a key portfolio pick. Yiu, chief investment officer of the Blue Whale Growth Fund, on Tuesday acknowledged that the firm could be “a bit late to the party” on gold. But he added that lingering macroeconomic concerns — namely around the U.S. fiscal deficit , as well as the dollar potentially losing its global reserve currency status — could further fuel the precious metal’s momentum into next year. “We do think that, as…
new video loaded: What It Takes to Move a Factory From China to VietnamTariffs have forced Chinese companies to move their operations to Vietnam. Alexandra Stevenson, our Shanghai bureau chief, visits a factory in Ho Chi Minh City to see how one of the biggest challenges isn’t relocating machinery and tools, but overcoming language barriers.By Alexandra Stevenson, Tung Ngo, Nailah Morgan, Linh Pham, Jon Miller and June KimNovember 12, 2025 Source link
High valuations for artificial intelligence (AI) stocks were the focus of the market this week, with fears of a potential AI bubble capping investor sentiment. But the view on Wall Street is still that several tech stocks offer strong fundamentals and are delivering rapid, AI-induced growth, justifying their sky-high valuations.The recommendations of top Wall Street analysts can help investors find attractive AI stocks displaying robust long-term growth outlooks.Here are three stocks favored by the Street’s top pros, according to TipRanks, a platform that ranks analysts based on their past performance.AmazonE-commerce and cloud computing giant Amazon (AMZN) recently impressed investors with its upbeat…
Billionaire serial entrepreneur and investor Mark Cuban has some job-hunting advice for his two children — and anyone else who finds themselves looking for entry-level roles — in the age of artificial intelligence.The advice is simple: Prioritize working for a smaller company over fighting for a job at a large corporation.At a big business, your AI skills are probably somewhat extraneous, says Cuban: You might know how to use AI effectively, but so does everyone in the company’s large, established IT department.”Small- to medium-size companies don’t have that depth,” Cuban tells CNBC Make It. “They are typically entrepreneurially driven and…
MP Materials is one stock that could benefit from the Trump administration’s push to bring critical minerals supply chains to the U.S., according to Deutsche Bank. The bank upgraded shares of the rare earth mine operator to buy from hold. Analyst Corinne Blanchard also raised her price target to $71 per share from $68, which signals upside of 21%. Shares of MP Materials are up a staggering 276% this year after the Pentagon became the company’s largest shareholder . MP YTD mountain MP YTD chart “We believe MP now represents a buying opportunity for investors wanting to have exposure to…
Key PointsLuckin Coffee CEO Jinyi Guo said the company is preparing to relist in the U.S.The Xiamen-headquartered coffee chain was booted from the Nasdaq in 2020 after admitting to fabricating $310 million in 2019 revenue.Backed by top investor Centurium Capital, Luckin has rebounded to become China’s biggest coffee retailer, overtaking Starbucks, and is now expanding in the U.S.Luckin Coffee is preparing to relist its shares in the U.S., its co-founder and CEO, Jinyi Guo, said at an entrepreneurs’ gathering earlier this month, five years after a $300 million accounting scandal derailed the coffee chain’s business. Speaking at a government-hosted event…
Citizens is moving off the sidelines when it comes to LendingClub . The bank upgraded the personal lender to market outperform from market perform. Analyst David Scharf established a price target of $23, implying that shares of LendingClub could rise 27%. Scharf’s upgrade follows LendingClub’s Investor Day on Nov. 5. The company provided more clarity of entry into a new asset class, funding channels and deposits, stable credit performance and materials growth drivers. LC YTD mountain LC YTD chart “Management’s commentary gave us more confidence in the significant origination growth outlook and the corresponding better scale in the business in…
A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.Billionaire Barry Sternlicht, chairman and CEO of Starwood Capital Group, is a legendary, legacy real estate investor. Brendan Wallace is an entrepreneur who co-founded Fifth Wall, a venture capital firm investing in property technology and decarbonizing real estate. The pair first met in the gym. Now, Wallace can say…
