Pictured here is the Great Hall of the People in Beijing, China, ahead of the 76th anniversary of the founding of the People’s Republic of China on September 30, 2025.Anadolu | Anadolu | Getty ImagesBEIJING — China’s top leaders on Thursday stressed their resolve to boost domestic consumption over the next five years, on top of widely expected plans to bolster homegrown tech.That’s according to a state media readout of the closely watched “Fourth Plenum” meeting for setting five-year development targets. China on Thursday also confirmed that Vice Premier He Lifeng, who participated in the plenary meeting, will visit Malaysia…
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Deutsche Bank is moving off the sidelines when it comes to U.S. Bancorp . Analyst Matt O’Connor upgraded the bank stock to a buy rating from hold. His price target remained unchanged at $52.50, implying a potential upside of 11% from here. O’Connor pointed to a relatively low bar the company’s earnings need to clear. They are expected to rise just 8% next year, below the projected growth rates analysts expect from peers. However, O’Connor argued that tailwinds for the company could come from fixed rate asset repricing, and noted that U.S. Bancorp benefits more from rate cuts that peers.…
High-performing stocks could rise again this earnings season, so investors looking to bolster their portfolios should keep track of firms with strong records of beating Wall Street expectations and going on to score earnings day gains. The fiscal third-quarter earnings season, which began in early October, is in full swing. And soon, more companies across several industries, from software to social media, will report their financial results. CNBC screened Bespoke Investment Group data looking for stocks that have beaten earnings expectations at least 75% of the time and averaged a gain of at 2% or more the next trading session…
European Commission President Ursula von der Leyen speaks, while sat with U.S. President Donald Trump, after the announcement of a trade deal between the U.S. and EU, in Turnberry, Scotland, Britain, July 27, 2025. Evelyn Hockstein | ReutersRelations between the U.S. and European Union have been thorny this year with differences over how to support Ukraine, trade tensions and tariffs, dominating a tense period of diplomacy between the power blocs.But, in a somewhat ironic twist of the ongoing Ukraine war, a shared sense of frustration and suspicion of Russia’s refusal to come to the negotiating table has brought the U.S.…
Check out the companies making headlines before the bell on Thursday. Quantum computing stocks — Quantum computing shares jumped on a Wall Street Journal report that U.S. President Donald Trump’s administration is in talks to acquire equity stakes in several quantum computing firms. Rigetti Computing is up 8%, while IonQ and Quantum Computing rose nearly 9%. Las Vegas Sands — Shares rose 6% after the resort owner posted strong third-quarter earnings results, largely due to the growth of its Macao and Singapore investments. The company reported $419 million in profit and adjusted earnings of 78 cents per share for the…
Here are Thursday’s biggest calls on Wall Street: Citi initiates Toast, Visa, Mastercard, Block and Affirm as buy Citi said it’s bullish on a slew of fintech and payment names. “Initiate with Buy ratings on Visa , Mastercard , Block , Toast, Affirm , Global Payments, and Bill…” JPMorgan upgrades Lending Club to overweight from neutral JPMorgan said the stock is at inflection point. “We came away from the quarter more bullish on LC’s profit outlook driven by strong loan buyer demand…” Rosenblatt reiterates Galaxy as buy The firm said it’s sticking with its buy rating on the crypto company.…
Fcafotodigital | E+ | Getty ImagesThe Senate this week unanimously passed a bill to fix IRS notices for filers who make simple mistakes on their tax returns.The legislation, known as the Internal Revenue Service Math and Taxpayer Help Act, or IRS MATH Act, cleared the House earlier this year. It is now headed to President Donald Trump’s desk for signature.Currently, the IRS sends filers so-called “math error notices” when it finds basic math or clerical mistakes on tax returns. The notices cover the agency’s proposed changes and additional taxes owed.During tax year 2023, the IRS sent more than one million…
Rozier, a 10-year NBA veteran, reportedly had been eyed for months over suspicious sports betting activity related to his play.The U.S. Attorney’s Office in Brooklyn, New York, and FBI Director Kash Patel are scheduled to hold a press conference on the cases on Thursday morning.Billups was named NBA Finals Most Valuable Player in 2004 when the Pistons defeated the Los Angeles Lakers in the league’s finals.This is breaking news. Check back for updates. Source link
An American Airlines plane lands at the Miami International Airport on July 24, 2025 in Miami, Florida. Joe Raedle | Getty ImagesAmerican Airlines has hired nearly three-decade industry veteran Nat Pieper to be its new commercial chief as the carrier’s profits trail rivals Delta and United.American ousted its former chief commercial officer, Vasu Raja, in 2024 after his business-travel strategy backfired and sparked pushback from lucrative corporate travel agencies, while revenue projections dropped sharply.Pieper, 56, has worked in the industry since the late 1990s with experience at Northwest Airlines, Delta and Alaska Airlines. Most recently, he’s run the massive Oneworld…
Roth Capital Partners believes Core Scientific looks more valuable as a potential deal with CoreWeave is in danger of falling apart. The investment firm upgraded shares to buy from neutral. Analyst Darren Aftahi also raised his 12-month price target to $23.50 from $17, implying a potential gain of 32%. Core Scientific is one of the largest owners and operators of digital infrastructure, allowing high-performance computing, or HPC, use cases like AI workloads and bitcoin mining. The company’s data centers across six U.S. states have a total contracted power capacity of around 1.3GW. CORZ YTD mountain CORZ YTD chart Aftahi’s upgrade…
