Chip Somodevilla | Getty ImagesIn Google’s IPO prospectus 21 years ago, founders Larry Page and Sergey Brin gave a flattering nod to Warren Buffett, suggesting in their letter to prospective investors that the billionaire investor was a big influence.They titled their founders’ letter, “‘An owner’s manual’ for Google’s shareholders,” and indicated that there was a footnote worth reading.”Much of this was inspired by Warren Buffett’s essays in his annual reports and his ‘An Owner’s Manual’ to Berkshire Hathaway shareholders,” the footnote said.More than two decades later, Buffett is showing that the admiration goes both ways. Berkshire Hathaway, Buffett’s holding company,…
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Stifel believes that Tesla could get a bump higher as it makes progress on the robotaxi front. Analyst Stephen Gengaro, who has a buy rating on the electric vehicle maker, raised his price target to $508 per share from $483. The new forecast points to upside of 26% from Friday’s close. Gengaro pointed to updates to Tesla’s full self-driving system, with management planning to add “reasoning capabilities” in upcoming versions. These could help drivers find optimal parking spots, among other functions. He also applauded robotaxi progression in both existing and potential markets. TSLA YTD mountain TSLA YTD chart “Robotaxi progress…
The final trades of the day with CNBC’s Melissa Lee and the ‘Fast Money’ traders. Source link
Traders work on the floor of the New York Stock Exchange. NYSEStock futures are little changed on Monday night after tech losses dragged the broader market lower as investors await Nvidia’s earnings report and delayed jobs data this week.Futures tied to the Dow Jones Industrial Average rose 38 points, or just under 0.1%. S&P futures were up less than 0.1% as well, while the Nasdaq 100 futures added 0.1%.The three major U.S. indexes closed in the red in the previous trading session. The 30-stock Dow Jones Industrial Average plunged more than 550 points, or 1.2%, while the S&P 500 and Nasdaq Composite…
Sen. Bill Cassidy on Monday proposed replacing enhanced Affordable Care Act premium tax credits with pre-paid health savings accounts.The Louisiana Republican’s proposal comes as lawmakers scramble to find a remedy for skyrocketing costs of Obamacare health insurance premiums.The boosted ACA tax credits, which this year have lowered the cost of Obamacare plans for about 20 million Americans, are set to expire at the end of December.Cassidy’s proposal would allow people who signed up for a so-called Bronze Plan through Obamacare marketplaces to get a pre-paid HSA, funded in part by the lapsed tax credits.While HSAs would not help pay for…
Two portfolio stocks are making news Monday — one in enterprise software and the other in banking. Earnings preview : Bank of America lowered its price target on Salesforce to $305 per share from $325 ahead of quarterly earnings next month. The analysts, who kept a buy rating on shares, cited cheaper multiples across software peers, according to a Monday note. They added that low expectations and low investor sentiment into the quarter means limited downside for the stock at current levels. However, BofA predicts that Salesforce’s fiscal 2026 third-quarter revenue and current remaining performance obligations (RPO) will be in line.…
Christopher Waller, governor of the US Federal Reserve, speaks during the C. Peter McColough Series on International Economics at the Council on Foreign Relations in New York, US, on Thursday, Oct. 16, 2025. Michael Nagle | Bloomberg | Getty ImagesFederal Reserve Governor Christopher Waller on Monday voiced support for another interest rate cut at the central bank’s December meeting, saying he’s grown concerned over the labor market and the sharp slowdown in hiring.In an increasingly divided Fed, Waller’s comments put him squarely in the camp of those looking to ease monetary policy to head off further danger in the jobs…
(This is a wrap-up of the key money moving discussions on CNBC’s “Worldwide Exchange” exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. ET each day.) Investors are looking for opportunities in the retail sector with a focus on jewelry and the dip in high beta names tied to the artificial intelligence trade. Worldwide Exchange pick: Signet Jewelers (SIG) Erin Gibbs of the Slatestone Wealth sees big upside in Signet Jewelers going into the holiday season with a near-term tailwind of the government shutdown ending and workers getting back pay in time for holiday spending. “The holidays, we see…
Jensen Huang, CEO of Nvidia, reacts during the 2025 Asia-Pacific Economic Cooperation (APEC) CEO Summit in Gyeongju, South Korea, October 31, 2025. Kim Soo-hyeon | ReutersArm on Monday said that central processing units based on its technology will be able to integrate with AI chips using Nvidia’s NVLink Fusion technology.The move will make it easier for customers of both companies who prefer a custom approach to their infrastructure — namely hyperscalers —to pair Arm-based Neoverse CPUs with Nvidia’s dominant graphics processing units.It’s the latest example of Nvidia using dealmaking to partner with nearly every major technology company as it finds…
Igor Golovnov | Lightrocket | Getty ImagesData center stocks took a major hit on Monday after Morgan Stanley downgraded seven hardware companies, including Dell and Hewlett Packard Enterprise.The bank double-downgraded Dell from overweight to underweight and downgraded HPE from overweight to equal weight.Dell and HPE closed down 8% and 7%, respectively.HP Inc, Asustek and Pegatron were also downgraded from equal weight to underweight, while Gigabyte and Lenovo were lowered from equal weight to overweight. All companies saw shares dip as much as 6%.Morgan Stanley analysts wrote that computer makers are in the midst of an unprecedented pricing “supercycle,” as hyperscalers…
