Check out the companies making the biggest moves midday: Rare earth stocks — The group rose broadly after President Donald Trump said China was holding the world “captive” over the minerals, threatening countermeasures. MP Materials traded 13% higher along with USA Rare Earth . Magnificent Seven — Megacap tech stocks tumbled Friday after Donald Trump threatened a “massive” tariff hike against China. each of the Magnificent Seven stocks were down more than 1%. Amazon tumbled more than 3%, Nvidia fell 1.5%, while Apple slipped 2%. China stocks — Shares of Chines companies traded in the U.S. fell broadly after Trump’s…
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There may be more upside ahead from AMD’s partnership with OpenAI, according to TD Cowen. Analyst Joshua Buchalter, who has a buy rating on the chipmaker, raised his price target on the stock to $270 from $195. That signals upside of more than 15% from Thursday’s close. AMD this week announced a deal with OpenAI in which the ChatGPT maker will buy billions of dollars worth of equipment to build out its AI capabilities. As part of the deal, OpenAI may also take a 10% stake in AMD . “While a formal partnership shouldn’t come as a total surprise given…
Chinese stocks trading in the U.S. tumbled Friday after former President Donald Trump threatened to sharply raise tariffs on Chinese imports if he returns to office, warning that China has become “very hostile.”Alibaba and Baidu each slid about 8%, while JD.com and PDD Holdings fell 6.6% and 5.2%, respectively. The iShares MSCI China ETF (MCHI), which tracks major Chinese companies listed in the U.S., dropped 5.2%.Stock Chart IconStock chart iconiShares MSCI China ETF FridayThe selloff underscored renewed investor anxiety over escalating U.S.-China tensions, which have flared periodically amid disputes over trade, technmology and national security.Trump accused China of holding the…
Russell Vought, director of the Office of Management and Budget (OMB), speaks to members of the media outside the White House in Washington, DC, US, on Thursday, July 24, 2025. Aaron Schwartz | Bloomberg | Getty ImagesLayoffs of federal workers have begun amid the ongoing U.S. government shutdown, Trump administration budget chief Russell Vought said in a social media post on Friday.”The RIFs have begun,” Vought wrote on X, using the acronym for “Reductions in Force.”The Office of Management and Budget, which Vought leads, confirmed that “RIFs have begun and are substantial.” No other details of the layoffs were immediately…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailMarion Blakey, former FAA Administrator and former Rolls Royce North America CEO, joins CNBC’s ‘Money Movers’ to discuss how the government shutdown is impacting air traffic, whether delays could escalate, and much more. Source link
The Nobel Peace Prize was awarded Friday to Venezuelan opposition leader María Corina Machado who lives in hiding after attempting to run against President Nicolás Maduro.Machado, 58, was recognized for keeping “the flame of democracy burning amidst a growing darkness” and “ever-expanding authoritarianism in Venezuela.”Despite speculation that President Donald Trump might win the prize for his role helping broker a ceasefire between Israel and Hamas, among other things, Machado emerged as a late favorite in online betting platforms hours before the decision came.As leader of the Vente Venezuela opposition party, Machado is currently in hiding and faces “serious threats against her life” having been blocked from…
Gold and bitcoin have traded to record highs as investors look for protection in what’s typically a volatile October for the market.Rising inflation and debt, a weakening U.S. dollar, the government shutdown, and Wall Street’s newest buzz, the “debasement trade,” have all boosted assets beyond stocks and bonds.”This whole debasement trade is benefiting gold,” Amplify ETFs CEO Christian Magoon said on CNBC’s “ETF Edge” this week.The Federal Reserve’s battle with inflation and the mounting national debt have heightened investor concern about long-term currency stability. As of early October, the U.S. gross federal debt stands at around $3.7 trillion, according to…
Tech stocks remain on fire, as the Nasdaq-100 hits another new all-time high today. Oracle’s stock has climbed a remarkable 373% over the past three years, driven primarily by the artificial-intelligence boom. As investors flock to the cloud giant and the stock is in price discovery mode after a variety of recent headlines, I want to use options to create an income stream on this nearly $1 trillion non-Magnificent Seven name. The giant software company that Larry Ellison founded and still controls has had an incredible 2025 (up 82% year to date), experiencing a massive increase in new business from…
A large US flag is seen on the facade of the Department of Labor headquarters building in Washington DC, United States on September 8, 2025. Celal Gunes | Anadolu | Getty ImagesThe Labor Department will bring back staff to work on a key consumer inflation report despite the ongoing federal government shutdown, CNBC has learned.The department’s Bureau of Labor Statistics will “promptly resume” work on September’s Consumer Price Index data, a White House official said. The report will come out at 8:30 a.m. ET on Oct. 24, nine days after it was originally scheduled, according to the BLS.The department had…
President Donald Trump on Friday threatened to slap a “massive increase of Tariffs” on Chinese products imported into the United States to “financially counter” new export controls that China imposed on rare earths from that country.Trump also threatened in a social media post to cancel his upcoming meeting with Chinese President Xi Jinping because of the dispute.Stock markets dropped after Trump’s bellicose Truth Social post about China, in which he said that “there is no way that” country “should be allowed to hold the World ‘captive'” with its rare earth policy.China controls about 70% of the global supply of rare…
