Check out the companies making the biggest moves midday: Peabody Energy — The coal company jumped 9%. Peabody began arbitration proceedings with Anglo American over the canceled purchase of steelmaking coat assets belonging to the Anglo. SanDisk — The maker of solid state drives jumped 10%, adding to its massive gains. Over the past six months, the stock is up 170%. Transunion , Equifax — The credit bureaus rose 4.8% and 1.4%, respectively, recovering some of the steep losses suffered in the previous session on the back of Fair Isaac moving to all mortgage lenders access FICO scores directly .…
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Here are Friday’s biggest calls on Wall Street: Jefferies downgrades Apple to underperform from hold The firm said expectations are too high for a foldable iPhone 18 for Apple . “Better demand for iPhone 17, partly due to a price cut on the base model, is already in the price. That has led to excessive expectations on 18 Fold, and the replacement cycle.” Goldman Sachs reiterates Apple as buy Goldman Sachs said App store spending is decelerating but it is sticking with the stock. “September 2025 Apple App Store spending grew +7% yoy per Sensor Tower, decelerating from +10% yoy…
Members of the National Guard walk, with the U.S. Capitol in the background, during the first day of a partial government shutdown in Washington, D.C., U.S., Oct. 1, 2025. Nathan Howard | ReutersThe shutdown of the federal government is likely to worsen the delays student loan borrowers are already facing in accessing programs required by Congress and mandated in their loan terms.More than 1 million borrowers are in a backlog to enroll in an income-driven repayment plan, according to court records from mid-September.During the shutdown, Federal Student Aid staff “will not be able to perform regular operations, including working on…
Inside Google’s quantum computing lab in Santa Barbara, California.CNBCQuantum computing stocks are wrapping up a big week of double-digit gains.Shares of Rigetti Computing, D-Wave Quantum and Quantum Computing have surged more than 20%. Rigetti and D-Wave Quantum have more than doubled and tripled, respectively, since the start of the year. Arqit Quantum skyrocketed more than 42% this week.The jump in shares followed a wave of positive news in the quantum space.Rigetti said it had purchase orders totalling $5.7 million for two of its 9-qubit Novera quantum computing systems. The owner of drugmaker Novo Nordisk and the Danish government also invested…
Freeport-McMoRan is likely to rebound from an environmental disaster last month at its giant Grasberg mine in Indonesia that led the copper-and-gold producer to cut its production estimates, according to UBS. The investment bank upgraded Freeport to buy from neutral in a report out Thursday, raising its 12-month price target on the stock to $48 from $42.50, implying more than 23% upside from Thursday’s close. “We believe the market is pricing in an overly pessimistic outcome for Grasberg recover, therefore see the risk vs reward as attractive,” UBS analyst Daniel Major wrote to clients. Freeport last month declared force majeure…
A Tesla Cybertruck and GMC Sierra Denali EV First Edition next to one another.Michael Wayland | CNBCDETROIT – Tesla and General Motors are leading the U.S. automotive industry this year in record domestic sales of all-electric vehicles, as consumers hurried to buy EVs before up to $7,500 in federal incentives for each purchase ended in September.New data provided to CNBC from Motor Intelligence shows U.S. sales of EVs topped 1 million units through the first nine months of the year and set a new quarterly record of more than 438,000 units sold during the third quarter — achieving market share…
Cfoto | Future Publishing | Getty ImagesOpenAI’s new artificial intelligence video app Sora has already grabbed the top spot in Apple’s App Store as its number one free app, despite being invite-only.Sora, which was launched on Tuesday, allows users to create short-form AI videos and share them in a feed. The app is available to iPhone users but requires an invite code to access.Here’s how to snag a Sora app invite code:First, download the app from the iOS App Store. Note that Sora requires iOS 18.0 or later to be downloaded.Login using your OpenAI account.Click “Notify me when access opens.”A…
Warren Buffett and Greg Abel walkthrough the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2025. David A. Grogen | CNBC Berkshire Hathaway has formally separated the roles of chairman and chief executive officer, a long-anticipated move that paves the way for Greg Abel to succeed Warren Buffett as CEO at the beginning of 2026.In a new regulatory filing, the Omaha-based conglomerate said its board of directors voted on Sept. 30 to amend its bylaws to distinguish the two top roles, effective immediately. Buffett, who has run Berkshire since 1965, will remain chairman of the board, while…
Apple shares are likely to slump as Wall Street’s expectations for the company’s next iPhone — potentially a foldable — have become too lofty, according to Jefferies. The investment firm downgraded the tech giant to underperform, a sell-equivalent rating, from hold. It lowered its price target for shares to $205.16 from $205.82, implying 20% downside. “More positive sales momentum has inflated expectations on the replacement cycle and prospects of the 18 Fold,” analyst Edison Lee said Friday in a note to clients. AAPL YTD mountain AAPL year to date Better-than-expected demand for the iPhone 17, partly due to a price…
Students wait in line before the start a career fair at the New York University Polytechnic School of Engineering in the Brooklyn borough of New York.Michael Nagle | Bloomberg | Getty ImagesWith a Georgetown University degree and several internships under her belt, Christina Salvadore thought she’d be starting a career in New York City’s fashion or beauty industries around now. The problem: She can’t find a job.The 23-year-old hasn’t been able to land a full-time role despite filling out hundreds of applications and taking dozens of networking calls since graduating in the spring. She’s currently applying to part-time gigs to…
