Attendees walk through an exposition hall at AWS re:Invent, a conference hosted by Amazon Web Services, in Las Vegas on Dec. 3, 2024.Noah Berger | Getty ImagesThis is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Here are five key things investors need to know to start the trading day:1. WTF, AWSWhat began as an early morning outage report for Amazon Web Services snowballed into a daylong saga that limited access to popular websites used for work, school, entertainment and travel. Monday evening, the company said all its services returned to normal operations.Here’s a recap:Downdetector showed users had…
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The logos of Danish drugmaker Novo Nordisk, maker of the blockbuster diabetes and weight-loss treatments Ozempic and Wegovy is seen outside theri building as the company presents the annual report at Novo Nordisk in Bagsvaerd, Denmark, on February 5, 2025. Mads Claus Rasmussen | Afp | Getty ImagesSeveral Novo Nordisk board members will step down from their positions after clashing with the controlling shareholder on the make-up of the firm.The Danish pharma giant said Tuesday that board directors and the Novo Nordisk Foundation — the firm’s controlling shareholder — had failed to reach an agreement on the future composition of…
Check out the companies making the biggest moves in premarket trading: General Motors — The Detroit automaker jumped 10.5% after raising its full-year guidance and posting an earnings beat. GM earned an adjusted $2.80 per share its third quarter, versus the $2.31 a share expected from analysts polled by LSEG. Revenue was $48.59 billion, compared to the $45.27 billion consensus estimate. The company now expects full-year adjusted EPS to come in between $9.75 to $10.50, up from its prior guidance of $8.25 to $10. Coca-Cola — The beverage and snack giant’s third-quarter earnings and revenue topped expectations, sending shares about…
Artificial intelligence power needs will continue boosting shares of Nextracker and Sunrun higher, according to Citi. In a Monday note, the bank upgraded both solar stocks to buy from neutral ahead of earnings. Nextracker is scheduled to report earnings on Thursday. Sunrun’s report is slated for release on Nov. 6. Shares of Nextracker and Sunrun have respectively surged 143% and 122% this year. Solar stocks dove last year, following President Donald Trump’s election, but have roared back since April despite his anti-renewables stance because of growing AI power needs. Since bottoming in April, the Invesco Solar ETF is up 81.5%.…
Here are the biggest calls on Wall Street on Tuesday: JPMorgan downgrades Goldman Sachs to neutral from buy JPMorgan sees a more balanced risk/reward for the investment bank. “We downgrade GS to Neutral from OW. We see GS shares as fairly valued now. GS has demonstrated strong market share improvement in its Sales and Trading business over the last few years and the franchise has been refocused on its strengths in Global Banking and Markets as well as Asset and Wealth Management.” Read more. Cantor Fitzgerald reiterates Tesla as overweight The firm says it’s bullish ahead of Tesla earnings on…
Airbnb is adding new social features to its platform that allow guests attending experiences to communicate and keep in touch.The new updates add a direct messaging feature for attendees to connect with other guests and a pre-event dashboard that shows profiles of other participants attending the experience.Business chief Dave Stephenson said the updated tech builds on the company’s “vision for where to take Airbnb next.” Users need to opt in to social features for every experience and can unsubscribe at any time, Airbnb said.Airbnb launched a new messaging connections feature that allows guests to interact.Courtesy: AirbnbThe updates follow the travel company’s major…
Analysts at Goldman Sachs and Wells Fargo raised their price targets on Apple heading into the iPhone maker’s fiscal fourth-quarter earnings release. Apple is set to report earnings after the bell on Oct. 30. Goldman Sachs, which has a buy rating on Apple, raised its 12-month price target to $279 per share from $266. This revised forecast is approximately 6% higher than Apple’s Monday closing price of $262.24. Analyst Michael Ng expects Apple to post a beat on both the top and bottom lines. Specifically, he believes that Apple will deliver earnings of $1.81 per share on revenue of $103.5…
Sina Schuldt | Picture Alliance | Getty ImagesCoca-Cola reported quarterly earnings and revenue that topped expectations, but the beverage giant said that demand for its drinks is still soft.Here’s what the company reported compared with what Wall Street analysts surveyed by LSEG were expecting:Earnings per share: 82 cents adjusted vs. 78 cents expectedRevenue: $12.41 billion adjusted vs. $12.39 billion expectedCoke reported third-quarter net income attributable to shareholders of $3.7 billion, or 86 cents per share, up from $2.85 billion, or 66 cents per share, a year earlier.Excluding restructuring charges and other items, Coke earned 82 cents per share.Net sales rose 5% to…
There’s a lender in town that’s becoming more prevalent than ever: “the Bank of Mom and Dad” — a term you’ve likely heard thrown around before.As many as half of parents with adult children are stepping in to financially support their grown kids, providing regular assistance for expenses like monthly groceries (83%), cell phones (65%) and even vacations (46%), according to a Savings.com study.With the average amount spent per adult child at a three-year high of $1,474 per month, one certified financial planner has advice on what to watch out for.What to watch out for: Not having directionHere’s a common…
FILE PHOTO: Workers transporting soil containing rare earth elements for export at a port in Lianyungang, Jiangsu province, China, Oct. 31, 2010.Stringer | ReutersChina on Tuesday responded to the U.S.-Australia critical minerals deal by saying resource-rich rare earth countries should take “a proactive role” in stabilizing their critical minerals supply chains.A spokesperson for China’s Ministry of Foreign Affairs was asked about the U.S. and Australia critical minerals deal which has been framed as an effort to counter Beijing’s dominance.”The formation of global production and supply chains is the result of market and corporate choices,” Guo Jiakun said, according to NBC.”Resource-rich…
