The latest rally in shares of Warner Bros. Discovery may not hold if a takeover bid from Paramount Skydance doesn’t come to fruition, TD Cowen said this week. The firm downgraded shares to hold from buy after its recent boost in shares led its stock price to surge beyond its $14 price target, which implies 28% downside from Monday’s closing price. Warner Bros. Discovery shares have soared more than 67% this month after CNBC learned that Paramount Skydance is working with an investment bank to prepare an offer for Warner Bros. Discovery. Paramount Skydance shares are also up more than…
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U.S. President Donald Trump passes a document to Federal Reserve Chair Jerome Powell to fact-check the numbers during a tour of the Federal Reserve Board building, which is currently undergoing renovations, in Washington, D.C., U.S., July 24, 2025. Kent Nishimura | ReutersPresident Donald Trump’s actions relative to the Federal Reserve amount to an effort to limit or eliminate the central bank’s independence, according to 82% of respondents to the September CNBC Fed Survey.Those actions, according to majorities of the 29 respondents, will result in weaker growth, higher inflation and unemployment and a lower value for the dollar.The survey found that…
Hershey could be poised for strong gains ahead, according to Goldman Sachs. The bank double upgraded shares of the chocolate and cocoa products company to buy from sell and hiked its price target to $222 from $170, which implies more than 19% upside from Monday’s closing price. “After multiple guidance reductions over the past year, we now see a compelling risk/reward set-up for the stock, with cost pressures (e.g., cocoa, tariffs) largely known and reflected in expectations, plus the company’s market share trends have improved with incremental tailwinds expected in 2H,” analyst Leah Jordan wrote in a Tuesday note. “Additionally,…
Meta CEO Mark Zuckerberg tries on Orion AR glasses at the Meta Connect annual event at the company’s headquarters in Menlo Park, California, U.S., September 25, 2024. REUTERS/Manuel OrbegozoManuel Orbegozo | ReutersMeta spent billions of dollars unsuccessfully trying to make virtual reality catch on with consumers. As it shifts its metaverse bet toward smart glasses, investors will be watching to see how the public responds.The social media company is set to unveil its most advanced smart glasses yet on Wednesday at its Connect annual event. The glasses, internally codenamed Hypernova, feature a small display that can be controlled via hand…
In an interview with CNBC’s Jim Cramer, CEO Tim Cook described Apple’s commitment to bolster domestic manufacturing, suggesting the factories will bring more businesses to communities.”We can’t be everywhere. I wish we could, but we are putting $600 billion to work in the next four years,” he said. “And so it is an extraordinary commitment. And there’s 79 factories across the U.S. that will benefit from this.”Cook told Cramer Apple’s factory buildout might encourage other corporations to build their own factories in these communities, creating a “domino effect.” He also said there will be “some surprises” for communities who do…
General view of the Google headquarters in King’s Cross as the tech giant faces a 5 billion pound lawsuit in the UK for allegedly abusing its online search dominance.Sopa Images | Lightrocket | Getty ImagesGoogle owner Alphabet on Tuesday announced a £5 billion ($6.8 billion) investment in the U.K.’s artificial intelligence development, just as the country prepares for U.S. President Donald Trump’s state visit this week.The U.S. president is scheduled to arrive in Britain on Tuesday evening, before the pomp and pageantry gets underway on Wednesday. His visit is expected to coincide with a flurry of business deals.Google’s two-year investment…
The Federal Reserve is widely expected to lower its benchmark rate when it meets this week, despite the latest hotter-than-expected inflation data.The market is now pricing in a 96% chance of a 25 basis-point rate cut this month, according to the CME Fedwatch tool.”The betting is currently that the Fed will embark on rate cutting, concerned about burgeoning downside risks in the economy, and the job market, in particular,” Mark Hamrick, Bankrate’s senior economic analyst, said in an email.More from Personal Finance:More consumers use rent payments to boost their credit scoreSome jobs may not qualify for the ‘no tax on tips’ policyTrump…
Having an emergency fund set aside for unexpected expenses has long been considered an essential financial goal, but many Americans are now saving less than before.In fact, 1 in 3 Americans say they don’t have an emergency fund. And the median amount Americans say they have saved for emergencies is $500, according to a survey conducted by budgeting app Empower in June.That’s $100 less than a median amount of $600 reported in the same survey conducted a year ago by Empower.”The study suggests financial precarity at a time when household finances may be stretched due to rising prices and inflation,”…
Exterior view of an office belonging to biopharmaceutical company Astrazeneca.Cfoto | Future Publishing | Getty ImagesThe U.K. is under pressure to offer a better deal to global pharmaceutical firms, as a slew of pulled investments and stalled drug pricing talks loom over U.S. President Donald Trump’s state visit to Britain.Drug companies have been urging U.K. authorities to pay more for drugs and improve the competitive landscape ahead of a fast-approaching deadline later this month under Trump’s most favored nation (MFN) drug pricing order.But with little movement from the government so far, firms have been pulling the plug on proposed investments…
A protest banner depicting U.S. President Donald Trump at Incheon International Airport in South Korea, on September 12, 2025, after the touchdown of a plane holding hundreds of South Korean workers who were detained as part of a U.S. immigration raid at a Hyundai-LG plant in Georgia. Anthony Wallace | Afp | Getty ImagesU.S. President Donald Trump and his administration on Monday moved to limit the fallout of an immigration raid at a South Korean-owned battery plant in Georgia on Sept.4 — a move that angered the U.S. ally and sparked concerns regarding foreign investment in the U.S.The Georgia facility,…
