(This is CNBC Pro’s live coverage of Tuesday’s analyst calls and Wall Street chatter. Please refresh every 20-30 minutes to view the latest posts.) An electric vehicle maker and a wholesale retailer were among the stocks being talked about by analysts on Tuesday. Deutsche Bank resumed coverage of Tesla with a buy rating, calling it a top pick. Meanwhile, Redburn Atlantic downgraded Costco to neutral from buy. Check out the latest calls and chatter below. All times ET. 5:54 a.m.: Redburn Atlantic downgrades Costco Redburn Atlantic is stepping to the sidelines on Costco . Analyst Daniela Nedialkova lowered her rating…
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A SpaceX Falcon 9 rocket with the Crew Dragon Resilience capsule, carrying the crew of the Polaris Dawn Mission.Chandan Khanna | Afp | Getty ImagesSpaceX’s Polaris Dawn mission launched on Tuesday from Florida on a Falcon 9 rocket, which carried the Dragon capsule “Resilience” into orbit.It’s the first of three missions that billionaire and Shift4 founder Jared Isaacman purchased from SpaceX in 2022 for his human spaceflight effort known as the Polaris Program.Read more CNBC space newsThe multi-day trip isn’t headed to a destination like the International Space Station, but instead is a free-flying mission tracing orbits that the crew hopes will go far…
An illustrative image of a person holding a medical syringe and a Covid-19 vaccine vial in front of the the AstraZeneca logo displayed on a screen. On Wednesday, January 12, 2021, in Edmonton, Alberta, Canada. (Photo by Artur Widak/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesAstraZeneca shares fell more than 5% Tuesday morning, the biggest one-day drop in seven months, after the British pharmaceutical giant announced disappointing lung cancer drug trial results.The Covid-19 vaccine maker was trading at the bottom of the FTSE 100 and dragged the wider healthcare sector lower after data published Monday showed that its experimental…
new video loaded: These Venezuelan Election Observers Got Death Threats. Now They’re in Hiding.transcriptBacktranscriptThese Venezuelan Election Observers Got Death Threats. Now They’re in Hiding.The New York Times spoke to several election volunteers for Venezuela’s opposition party who found that Edmundo Gonzáles defeated Nicolás Maduro in July. They fled the country after facing death threats from Maduro’s supporters.Anthony is in hiding in this Colombian city on the border with Venezuela. He says he was targeted by paramilitary groups called “colectivos,” key enforcers for Venezuela’s president, Nicolás Maduro, after volunteering as an election observer for the opposition party. He fled here to…
The European Union flag is seen with Google’s logo.Jaap Arriens | NurPhoto | Getty ImagesEurope’s top court on Tuesday upheld a 2.4 billion euro ($2.65 billion) fine imposed on Google for abusing its dominant position by favoring its own shopping comparison service.The fine stems from an antitrust investigation by the European Commission, the executive arm of the European Union, which concluded in 2017.The Commission said at the time that Google had favored its own shopping comparison service over those of its rivals.Google appealed the decision with the General Court, the EU’s second-highest court, which also upheld the fine. Google then…
Attendees inspect the new iPhone 16 Pro and 16 Pro Max during an Apple special event at Apple headquarters on September 09, 2024 in Cupertino, California. Justin Sullivan | Getty Images News | 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 todayBroad reboundU.S. stocks rebounded on Monday after posting huge losses last week. It was a broad rally across assets: Oil prices gained 1% and bitcoin…
Omar Marques | Sopa Images | Lightrocket | Getty ImagesEurope’s top court on Tuesday ruled against Apple in the tech giant’s 10-year court battle over its tax affairs in Ireland. The pronouncement from the European Court of Justice comes hours after Apple unveiled a swathe of new product offerings, looking to revitalize its iPhone, Apple Watch and AirPod line-ups. CNBC has reached out to Apple for comment. The company’s shares were down 1% in premarket trading at 09:07 a.m. London time. In 2014, the European Commission, the European Union’s executive arm, opened an investigation into Apple’s tax payments in Ireland,…
Huawei was set to launch its tri-fold Mate XT phone on Tuesday.ScreenshotBEIJING — Chinese smartphone company Huawei said Tuesday its trifold smartphone will start at the equivalent of more than $2,800.The phone began pre-orders on Saturday and is set to begin in-store sales on Sept. 20. That’s the same day Apple’s new iPhone 16 series is due to launch in stores, including in China.On Monday stateside, Apple announced its iPhone 16 Pro Max will start at $1,199, and the iPhone 16 at $799. Preorders are set to begin Friday, and in-store sales on Sept. 20.The first set of Apple Intelligence…
Customers shop at a Samsung mobile store inside a shopping mall in New Delhi.Reuters | Anindito MukherjeeHundreds of workers at a Samsung Electronics plant in southern India have begun an indefinite strike to demand higher wages, partly hitting production on Monday, a union leader told Reuters.The strike comes after Samsung Electronics’ biggest union in South Korea held a four-day strike in August demanding higher wages and bonuses after talks with management fell through.Samsung employs under 2,000 workers at its Sriperumbudur plant near the city of Chennai which makes refrigerators and washing machines. Around half of the daily production was affected at the factory as many workers did not turn up for work, an industry source with direct knowledge said.E. Muthukumar, who heads the Samsung India union, said many people dressed in company uniform sat outside…
Illustration of a user browsing booking information for Huawei’s new foldable mobile phone in Suqian, Jiangsu province, China, Sept 8, 2024. Cfoto | Future Publishing | Getty ImagesAs Huawei tries to upstage Apple’s new iPhone with the launch of its own ‘trifold phone’ on Tuesday, its chip capabilities remain a weakness, despite recent breakthroughs, according to one analyst. Speaking to CNBC’s “Squawk Box Asia” on Tuesday, Martin Yang, senior analyst of emerging technologies at Oppenheimer & Co., said Huawei’s chip remains two or three years behind the cutting edge. The gap on technology for their systems-on-chip, or SoCs, that merge central processing with…
