(This is CNBC Pro’s live coverage of Monday’s analyst calls and Wall Street chatter. Please refresh every 20-30 minutes to view the latest posts.) A software stocks and a nuclear energy play were among the names being talked about by analysts on Monday. Raymond James downgraded Palantir to market perform, citing a rich valuation. Meanwhile, Morgan Stanley raised its price target on Constellation Energy to $313m implying more than 20% upside. Check out the latest calls and chatter below. All times ET. 6:19 a.m.: Citi raises Meta price target Meta’s TikTok competitor Instagram Reels could be a lasting tailwind for…
Author: usaeverydaylife
The Brandenburg Gate casts long shadows over the almost deserted Pariser Platz, April 15, 2020 in Berlin, Germany.Kay Nietfeld | dpa | picture alliance via Getty ImagesEurope looks to be heading toward a downturn as its biggest economies, Germany and France, battle political and economic woes at home.Business activity in the manufacturing and services industries in both countries — Europe’s largest and second-largest economies, respectively — fell much more than expected in September, data showed Monday.In Germany, the HCOB flash composite purchasing manager’s index (PMI), measuring business activity across both sectors, fell from 48.4 in August to 47.2 in September,…
The Dubai International Financial Centre (DIFC) area of Dubai, United Arab Emirates, with the Burj Khalifa in the backdrop, Sept. 16, 2022.Christopher Pike | Bloomberg | Getty ImagesGlobal chip giants Taiwan Semiconductor Manufacturing Co. and Samsung Electronics have been in talks with the United Arab Emirates to explore building megafactories in the Middle East, The Wall Street Journal reported Sunday, citing people familiar with the interactions and strategies involved.Top executives at TSMC have visited the Gulf state recently to discuss plans of building factory complexes that are comparable to some of the company’s largest and most sophisticated facilities in Taiwan,…
Customers sit outside at a cafe terrace in Paris, France, on Nov. 10, 2021.Bloomberg | Bloomberg | Getty ImagesLONDON — European stocks were flat in early trade Monday morning as German and French business activity data pointed to renewed declines in the region’s two largest economies.The pan-European Stoxx 600 index opened modestly higher, up just 0.06% at the open, with oil and gas, telecoms, technology and banks seeing the strongest start to the day. The index then turned flat shortly after as regional purchasing managers’ index data for France and Germany was released.France’s CAC index traded almost 0.5% lower after…
Britain’s Finance Minister Rachel Reeves has pledged to make the “necessary”, “urgent” and “incredibly tough” choices to restore the country’s economic stability.Pool | Getty Images News | Getty ImagesFinance minister Rachel Reeves will promise Britain on Monday there will be no return to “austerity” or widespread spending cuts despite previous warnings of a tough budget aimed at fixing the foundations of the economy.Following Labour’s election victory in July, Reeves suggested taxes were likely to rise in her first budget on Oct. 30 because of what she said was a 22 billion-pound ($29 billion) hole in the public finances. She also…
Traders work on the floor of the New York Stock Exchange on September 18, 2024 in New York City.Stephanie Keith | Getty ImagesThis report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here.What you need to know todayDow closes at new highU.S. markets traded mixed Friday. The Dow Jones Industrial Average rose to touch a new high, but the S&P 500 and Nasdaq Composite dropped. Asia-Pacific stocks mostly rose Monday. China’s Shanghai Composite…
The Week 3 slate brought a reality check for some, and some glimmers of hope for a couple of the NFL’s winless teams. It also featured some significant moments for a couple of coaches and quarterbacks. TAKE IT @Saquon! 65-YARD RUN FOR THE LEAD! pic.twitter.com/644j4kcyAQ — Philadelphia Eagles (@Eagles) September 22, 2024The Baltimore Ravens got their first win of 2024, and so did the Andy Dalton-led Carolina Panthers. The Minnesota Vikings continue to assert themselves, Nick Sirianni and the Philadelphia Eagles avoided disaster, and the Pittsburgh Steelers might have found their quarterback. The Athletic NFL writers Tim Graham, Ted Nguyen…
LONDON — The British pound has jumped to its highest level in two-and-a-half years following a hawkish rate hold from the Bank of England, but strategists warn the upcoming U.K. budget could pose a risk to investor and consumer sentiment.Many investors are awaiting the new Labour government’s fiscal plan at the end of October before making longer-term calls on the U.K. economy and assets, with Prime Minister Keir Starmer warning decisions lie ahead that will be “painful” for the public to shoulder.Labour, meanwhile, kicks off its annual party conference on Monday, its first in power for 15 years, as its…
Hello, and welcome to my weekly College Football Playoff bracket. I’ll be updating every week based on new results. They are based solely on my own opinions and likely will differ from Austin Mock’s much smarter, scientifically based projections. Also, be sure to check out David Ubben’s Bubble Watch every Monday.My five conference champions — Ohio State (Big Ten), Georgia (SEC), Miami (ACC), Utah (Big 12) and UNLV (G5) — remain the same as last week. The seeding, however, is more fluid, including Tennessee moving up two spots to No. 6 after its win at Oklahoma.GO DEEPERWhat we learned about the CFP…
Westend61 | Westend61 | Getty ImagesSome young people are splashing out on luxuries like travel and designer clothes instead of saving, in a trend that’s being characterized as “doom spending” on social media.Doom spending is when a person mindlessly shops to self-soothe because they feel pessimistic about the economy and their future, according to Psychology Today.It’s happening because young people are chronically online and feel like they’re constantly receiving “bad news,” she said. “It makes them feel like Armageddon.”The practice is both “unhealthy and fatalistic,” Ylva Baeckström, a senior lecturer in finance at King’s Business School and a former banker,…
