Here are Friday’s biggest calls on Wall Street: Wells Fargo reiterates Tesla as underweight Wells said Tesla shares are overvalued. “Remain UW; Too Much ‘Hype’ Baked In.” Mizuho initiates Viking Holdings as underperform Mizuho said the competition is too tough right now for Viking. “We’d Book the Cruise, Not the Stock; Risk/Reward Skewed: Initiating Underperform.” Morgan Stanley reiterates Nvidia as overweight Morgan Stanley said it’s sticking with Nvidia. “Our thoughts on the stock: We remain positive on the short- and long-term outlook here, and while the market is more optimistic now vs. 3-6 months ago, we still see the stock…
Author: usaeverydaylife
Federal Reserve Governor Christopher Waller said Friday that he continues to support lowering interest rates but said the central bank needs to be careful amid conflicting economic signals.”I’m still in the belief we need to cut rates, but we need to kind of be cautious about it,” Waller said during an interview on CNBC’s “Squawk Box.”On one hand, he said, the U.S. labor market appears to be losing jobs, potentially signaling a broader economic slowdown. On the other, gross domestic product growth remains strong and there remain concerns over inflation, which is still running considerably higher than the Fed’s 2%…
Sam Altman, chief executive officer of OpenAI Inc., during a media tour of the Stargate AI data center in Abilene, Texas, US, on Tuesday, Sept. 23, 2025. Kyle Grillot | Bloomberg | Getty ImagesCampus, a college startup backed by Sam Altman, has hired Meta’s former AI Vice President Jerome Pesenti as its technology head, the company announced Friday.As part of the deal, Campus will buy Pesenti’s artificial intelligence learning platform Sizzle AI for an undisclosed amount and integrate its personalized AI-generated educational content already used by 1.7 million people.The acquisition advances the company’s “roadmap” by two to three years and…
A dispute in the boardroom of Tata Trusts has shaken the Indian corporate world — and its tremors have reached Delhi.Tata Trusts is the philanthropic body that controls 66% of Tata Sons — the holding company of Tata Group’s 26 listed companies with a combined market cap of $368 billion.On Tuesday night, television channels in India broadcast footage of Noel Tata, the chairman of Tata Trusts, meeting with Home Minister Amit Shah at his residence.Local media reports said Finance Minister Nirmala Sitharaman, Tata Sons Chairman N Chandrasekaran, and trustees Darius Khambatta and Venu Srinivasan were also present at the meeting.While Tata Sons and Tata…
Pictured here is Shanghai Port’s foreign trade container terminal in Shanghai, China on October 9, 2025.Cfoto | Future Publishing | Getty ImagesBEIJING — China on Friday announced that starting Oct. 14, the country will start charging U.S. ships for docking at Chinese ports — a direct response to Washington for imposing fees on Chinese vessels arriving at U.S. ports, set to take effect the same day.The U.S. fees “seriously violate” international trading principles and “seriously damages” China-U.S. maritime trade, the Chinese Ministry of Transport said in the announcement, translated by CNBC.China will charge 400 yuan ($56) per net ton for…
Stocks that could rise on the back of their next earnings results include Hershey and Wynn Resorts , according to Goldman Sachs. The third-quarter earnings season commences next week with gusto, with major banks such as JPMorgan, Goldman Sachs, Morgan Stanley, Citibank and Wells Fargo on the docket to report. Around 7% of the S & P 500 — or 34 companies in the benchmark — will post their most recent quarterly results, per FactSet. As earnings season kicks off, Goldman Sachs shared a basket of stocks that have the most potential to see upward revisions. These new estimates could,…
US Secretary of Treasury Scott Bessent speaks at the Federal Reserve Board’s Community Bank Conference at the Federal Reserve Board headquarters in Washington, DC, on October 9, 2025. Andrew Caballero-Reynolds | AFP | Getty ImagesAfter a series of rigorous interviews, some lasting as long as two hours, Treasury Secretary Scott Bessent has winnowed down the list of candidates for Federal Reserve chair to five from 11, and that person could be nominated to the Fed — though not necessarily as chair — by January.According to senior Treasury officials, the remaining list of candidates includes two sitting Fed officials — Vice…
Microchip and Qualcomm logo displayed on a phone screen are seen in this multiple exposure illustration photo taken in Krakow, Poland on April 10, 2023. Jakub Porzycki | Nurphoto | Getty ImagesQualcomm shares fell on Friday after Chinese regulators said it would investigate the American tech giant’s acquisition of chip firm Autotalks, ramping up tensions between the U.S. and China ahead of key meetings between the country’s leaders this month.Shares were last around 3% lower in premarket trading.China’s State Administration of Market Regulation (SAMR) said that Qualcomm is suspected of violating the country’s anti-monopoly law in regards to its acquisition…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: Stocks are mostly lower on Thursday, with the S & P 500 and Nasdaq pulling back from their record highs. The decline in the S & P 500 would wipe out most of this week’s gains. The AI trade is mostly lower, although megacap tech names like Nvidia and Oracle pushed higher. Nvidia received a new Street high price target of $300 by analysts at Cantor Fitzgerald, which had a…
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 ImagesLONDON — Britain’s competition regulator on Friday activated new powers to regulate Google’s search activities, putting the U.S. tech giant in the firing line for further regulatory action.The Competition and Markets Authority confirmed it is designating Google with “strategic market status” for its general search and search advertising services. It said that Google’s Gemini AI assistant was not within the scope of the designation, although other…
