Investors ought to increase their exposure to utility stocks as companies build out energy-guzzling data centers to power an artificial intelligence boom, Wells Fargo advised clients. The bank initiated coverage of 33 companies across the utilities and power space, assigning a raft of stocks overweight ratings. “Power demand and tailwinds are structural, not cyclical, driving growth higher for the sector, which on a risk-adjusted basis looks favorable vs. S & P [500] earnings growth,” analyst Shahriar Pourreza wrote Monday. AI-related investments could hit $375 billion this year and top $500 billion by the end of 2026, according to UBS .…
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An aerial view of the Golden Gate Bridge in front of the San Francisco skyline on October 20, 2025 in Sausalito, California. Justin Sullivan | Getty ImagesSan Francisco is on the comeback, which led CNBC to spend a few days to broadcast “Power Lunch” from the network’s stunning studios in the city.Ahead of this special programming, I sought to find the companies based in the city that were making investors the most money this year. Just as the city itself defies expectations, so did this stock search —with some names that may surprise you.San Francisco is one of the world’s…
US Secretary of Defense Pete Hegseth addresses senior military officers at Marine Corps Base Quantico in Quantico, Virginia, on September 30, 2025. Andrew Harnik | Afp | Getty ImagesU.S. military officials involved with President Donald Trump’s expanding operations in Latin America have been asked to sign non-disclosure agreements, three U.S. officials say, a development that raises new questions about a military buildup that Venezuela fears may lead to an invasion.The step is highly unusual, given that U.S. military officials are already required to shield national security secrets from public view, and comes as lawmakers in Congress say they are being kept in the dark about key aspects of the mission.The officials who spoke to…
Amazon ‘s latest round of layoffs may help the bottom line, but CNBC’s Jim Cramer encouraged investors to keep their eyes on what really matters. That would be Amazon Web Services. The e-commerce and cloud giant said Tuesday it will cut 14,000 corporate jobs, or about 4% of the total corporate and tech workforce, to invest in other higher-priority areas such as generative AI. The company employs roughly 1.5 million people around the world. Most of those positions are warehouse jobs. “The reductions we’re sharing today are a continuation of this work to get even stronger by further reducing bureaucracy,…
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RBC Capital Markets is adopting a bullish stance on Evergy from here. The bank initiated the utility stock with an outperform rating. Analyst Stephen D’Ambrisi also set a price target of $93, implying that shares of Evergy could rise 19% from their current level. D’Ambrisi highlighted an incoming increase in load growth, aided by the progress Evergy has made in improving the regulatory climate in both Kansas and Missouri. This climate has been a historical overhang on valuation as well as a source of earnings volatility, the analyst wrote. EVRG YTD mountain EVRG YTD chart “We believe EVRG has made…
Gold has fallen into correction territory now that investor fears around China tensions, Federal Reserve independence and an artificial intelligence bubble have been soothed. After topping $4,300 just last week, both spot gold and gold futures have made short work of dipping below $4,000. The yellow metal is still up more than 40% in 2025. That pullback could continue over the near term, according to Maximilian Layton, global head of commodities research at Citi. Now that gold has breached $4,000, Layton expects $3,800 is the next stop for the yellow metal, a fall of more than 4% from current levels.…
“SNAP/EBT Food Stamp Benefits Accepted” is displayed on a screen inside a Family Dollar Stores Inc. store in Chicago, Illinois.Daniel Acker | Bloomberg | Getty ImagesA group of more than two dozen states sued the Trump administration on Tuesday, seeking to maintain funding of so-called SNAP benefits during the ongoing federal government shutdown.The suit was filed four days after the Trump administration said it would not use emergency funding to maintain benefits during the shutdown from the Supplemental Nutrition Assistance Program, which provides food stamps to more than 40 million Americans.The U.S. Department of Agriculture has said that SNAP benefits…
A person rides an electric scooter past the air traffic control tower at Reagan Washington National Airport as the U.S. government shutdown continues in Arlington, Virginia, U.S., Oct. 8, 2025. Nathan Howard | ReutersU.S. air traffic controllers Tuesday missed their first full paychecks since the government shutdown began at the start of the month, while the Department of Transportation said flight delays due to staffing shortages have increased.The controllers are facing increased financial stress and it’s getting harder to recruit much-needed workers, union officials and Transportation Secretary Sean Duffy said Tuesday. Air traffic controllers and airport security screeners are among…
Signage at the Microsoft campus in Mountain View, California, US, on Thursday, Oct. 23, 2025. Benjamin Fanjoy | Bloomberg | Getty ImagesMicrosoft’s GitHub unit on Tuesday announced Agent HQ, a new “mission control” interface that will allow software developers to manage coding agents from multiple vendors on a single platform. An artificial intelligence agent is a tool that can independently complete tasks on behalf of a user. Several companies, including GitHub, have built and released popular agents that are specifically designed for programming. Developers have a range of new capabilities at their fingertips because of these agents, but it can require a…
