JPMorgan is growing more bullish on Circle and stablecoins in general. The bank double upgraded the stablecoin issuer to overweight from underweight. Analyst Kenneth Worthington also lifted his price target to $100 from $94, implying upside of 16% from here. Shares of Circle have soared 178% since their IPO price of $31. The stock debuted on the New York Stock Exchange in June . However, Circle has plunged 67% from its June highs, opening a buying opportunity, Worthington wrote. CRCL YTD mountain CRCL YTD chart “With Circle’s share price under pressure in recent weeks in advance of a substantial lockup…
Author: usaeverydaylife
U.S. President Donald Trump signs the funding bill to end the U.S. government shutdown, at the White House in Washington, D.C., U.S., Nov. 12, 2025. Kevin Lamarque | ReutersThis 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. Opening timePresident Donald Trump ended the longest government shutdown in U.S. history last night, signing into law a short-term funding bill passed by the House of Representatives earlier in the evening that funds the government through January.Here’s what to know:While the deal does not include the…
Morgan Stanley believes that Micron ‘s earnings could move into new uncharted highs from here. The bank stood by its overweight rating on the semiconductor manufacturer and hiked its price target to $325 from $220. Analyst Joseph Moore also named Micron a top stock pick. Shares of Micron have surged 191% this year. Moore’s updated forecast implies that the stock could rally another 33% from here. MU YTD mountain MU YTD chart Moore pointed to a shortage in dynamic random-access memory, or DRAM, for leading the stock into “uncharted territory” and helping to boost it to new highs in earning…
Federal officials confirmed Saturday that a surge of immigration enforcement in North Carolina’s largest city has begun, as agents were seen making arrests in multiple locations.”Americans should be able to live without fear of violent criminal illegal aliens hurting them, their families, or their neighbors,” Assistant Homeland Security Secretary Tricia McLaughlin said in a statement. “We are surging DHS law enforcement to Charlotte to ensure Americans are safe and public safety threats are removed.”Local officials including Mayor Vi Lyles criticized such actions, saying in a statement that they “are causing unnecessary fear and uncertainty.””We want people in Charlotte and Mecklenburg…
Verizon chairman Mark Bertolini said Thursday that the company’s new CEO, former PayPal boss Dan Schulman, is working to revive Verizon from its period of share losses under former CEO Hans Vestberg.Bertolini, who is also the Oscar Health CEO and who was named Verizon chairman last month, told CNBC’s Becky Quick on “Squawk Box” that the company needs to “do something different” as it undergoes its leadership change.”Verizon has gone from number one in market cap, bond ratings and market share to number three. And the network isn’t as differentiated as it used to be, in large part because everybody’s…
Oppenheimer is expecting Nvidia to clear another high bar when it reports earnings next week. The investment firm stood by its outperform rating and hiked its price target for Nvidia to $265 from $225, signaling upside of 37% from Wednesday’s close. “Nvidia has transformed from a graphics company to a premier leading full stack AI solutions platform company,” analyst Rick Schafer wrote. “We see several structural tailwinds driving sustained out-sized top-line growth in high performance gaming, datacenter/AI and autonomous driving vehicles.” NVDA YTD mountain NVDA YTD chart Schafer’s price bump comes ahead of Nvidia’s third-quarter earnings release, scheduled for after…
Under the EU’s Digital Markets Act, Apple is required to allow developers to freely inform customers of alternative offers outside its App Store.Gabby Jones | Bloomberg via Getty ImagesApple on Thursday said it would cut the company’s App Store fees from 30% to 15% for some app makers, if they enter into a new program administered by the iPhone maker.The Mini Apps Partner Program offers app developers the better fee in exchange for using some of Apple’s technology to build their apps. This includes using Apple software to register a user’s purchase history, verify user ages and to process in-app…
I was asked Wednesday about why certain stocks were in an options overwriting fund that, after starting out the year strong, has recently been underperforming. Although I am not one of its fund managers, I do have insight into the investment approach involved. At their core, most option overwriting strategies involve a long position in the underlying stocks and a short position in options to generate some “yield” in the form of harvesting option premiums. The manager may employ a conventional “buy-write” strategy, buying the underlying shares and selling or “writing” an upside call option, selling downside puts, or, more…
U.S. President Donald Trump speaks about the U.S. government shutdown, during the swearing-in ceremony for Sergio Gor as U.S. Ambassador to India, at the White House in Washington, D.C., U.S., Nov. 10, 2025. Kevin Lamarque | ReutersU.S. President Donald Trump bought at least $82 million in corporate and municipal bonds from late August to early October including new investments in sectors benefiting from his policies, financial disclosures made public on Saturday showed.According to the forms released by the U.S. Office of Government Ethics, Trump carried out more than 175 financial purchases from Aug. 28 through Oct. 2. The disclosures, made…
Oracle CEO Clay Magouyrk speaks at a Q&A following a tour of the OpenAI data center in Abilene, Texas, U.S., Sept. 23, 2025. Shelby Tauber | ReutersTwo months ago, Oracle’s stock had its best day since 1992, soaring 36% to a record after the company blew away investors with its forecast for cloud infrastructure revenue.Since then, the company has lost one-third of its value, more than wiping out those gains. Midway through November, the stock is on pace for its worst month since 2011.The hype was sparked by Oracle’s strengthening ties to OpenAI. But the mood of late has turned,…
