Check out the companies making the biggest moves midday: Unity Software — The video game company rallied 8% on better than-expected results for the third quarter. Unity’s fourth-quarter revenue guidance also exceeded expectations. Allegiant Travel — The travel stock surged 22% after the company hiked its full-year earnings outlook. Allegiant expects 2025 earnings to top $3 per share, above a prior guidance of $2.25 per share. Perrigo – The pharmaceutical stock fell 20% on mixed third-quarter results. Earnings per share of 80 cents, excluding certain items, beat a FactSet estimate of 76 cents per share. However, revenue missed expectations. Perrigo…
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BlackRock is expecting a banner month for municipal bonds. November has been the best month of the year for municipal bonds over the last 10 years, averaging a total return of 1.26%, according to Patrick Haskell, head of BlackRock’s municipal bonds group. Combined with December’s historically strong performance, the fourth quarter has been the top-performing period of the year, he said. “We anticipate a similar dynamic in 2025,” Haskell wrote in a recent note. BlackRock manages over $181 billion in municipal assets for clients. Contributing to that strong showing has been November’s average 31% month-over-month decline in issuance over the…
Paramount Skydance CEO David Ellison speaks during the Bloomberg Screentime conference in Los Angeles on October 9, 2025. Patrick T. Fallon | Afp | Getty ImagesParamount Skydance has a clear holiday wish this year: acquiring Warner Bros. Discovery. Fittingly, it may have to wait until Christmas to find out if Santa Zaslav and the WBD board deliver.WBD is openly for sale and intends to publicly announce its plans toward the middle or end of December, according to people familiar with the matter, who asked not to be named because the discussions are private. The legacy media giant, run by Chief…
Elon Musk, CEO of Tesla Inc., arrives at the Tesla plant in Gruenheide, Germany, on March 13, 2024.Krisztian Bocsi | Bloomberg | Getty ImagesTesla sold just 750 electric vehicles in Germany for October 2025, less than half of what it sold a year ago, according to data out Wednesday from the country’s federal transport authority, known as KBA.In October last year, Tesla sold 1,607 EVs in Germany.KBA data shows 434,627 new battery electric vehicles year to date, the KBA data said, up nearly 40% from the same period last year. Of those EVs, 15,595 were Teslas, a decline of 50%…
A protester with the Main Street Alliance holds a sign outside the U.S. Supreme Court, as its justices are set to hear oral arguments on U.S. President Donald Trump’s bid to preserve sweeping tariffs after lower courts ruled that Trump overstepped his authority, in Washington, D.C., U.S., November 5, 2025. Nathan Howard | ReutersTraders slashed odds that the Supreme Court will uphold President Donald Trump’s aggressive tariffs after justices on Wednesday signaled doubts about the legality of the administration’s sweeping trade powers.On Kalshi, contracts tied to whether the court would rule in favor of Trump’s tariffs slipped to around 30%…
A Supreme Court tariff hearing Wednesday provides the biggest legal and policy challenge of President Donald Trump’s administration, with economic fallout likely to follow. As for its impact on markets, it’s complicated. The U.S. top court heard arguments on whether the White House can flex its tariff muscles under the International Emergency Economic Powers Act, which allows the president to regulate international commerce but does not specifically authorize tariffs. There’s little expectation that the justices will be in a hurry to issue a ruling, so any impacts are likely to be months away. But speculation already is running rampant: Will…
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. 1. The stock market rebounded Wednesday after a lackluster Tuesday session, which was pressured by AI-stock valuation concerns. Speculative stocks have unfortunately had young investors in a chokehold as of late, according to Jim Cramer. “Those have a very negative impact on the market when they go down, even though they shouldn’t because those are all speculative,” Jim said, citing volatile trading in quantum, nuclear, and crypto-related names. Meanwhile, ADP private payroll data came in…
Armis CEO Yevgeny Dibrov and CTO Nadir Izrael.Courtesy: ArmisCybersecurity startup Armis has raised $435 million in a funding round that values the company at $6.1 billion.”The need for what Armis is doing and what we are building, in this cyber exposure management and security platform, is just increasing,” CEO and co-founder Yevgeny Dibrov told CNBC. There’s “very unique and huge demand right now, and we are continuing to grow.”Goldman Sachs Alternatives’ growth equity fund anchored the investment, with participation from CapitalG, a venture arm of Alphabet. The security firm brought on Evolution Equity Partners as a new investor.Armis helps businesses…
Bank of America sees a bright future ahead for Sandisk . The bank maintained its buy rating on the flash memory products manufacturer and hiked its price target to $230 per share from $125. This updated forecast implies a roughly 18% upside from where shares of Sandisk closed on Tuesday. Sandisk was spun off from Western Digital on Feb. 24 and listed on the Nasdaq at $36 per share. The stock has popped 440% since then. SNDK YTD mountain SNDK YTD chart Despite this rally, Bank of America analyst Wamsi Mohan thinks that Sandisk’s valuation still looks fair at its…
Apple’s stock has surged to new highs, but its valuation now appears increasingly disconnected from the company’s growth profile and competitive positioning. Apple is being priced as if its next major growth driver is imminent. Yet, the company remains in a holding pattern on AI deployment, its Vision Pro ambitions have been eclipsed by Meta, and the latest iPhone 17 and Air lineup offers little evidence of a new hardware super-cycle. With Apple Intelligence still months away from broad rollout and upgrade elasticity weakening, investors may be paying a premium for a business entering a slower-growth phase. Trade timing & outlook After breaking…
