Aerial view by drone of Tokyo Cityscape with Tokyo Sky Tree visible in Tokyo city, Japan on sunrise.pongnathee kluaythong | Moment | Getty ImagesAsia-Pacific markets were set to open mostly higher Tuesday, tracking Wall Street gains on a tech rally fueled by the massive deal between OpenAI and AMD, in one of the most direct challenges to chipmaker giant Nvidia.Investors in Asia will be keeping an eye on chip stocks in the region.Japan’s benchmark Nikkei 225 index was set for a higher open, with its futures contract in Chicago trading at 48,705, and its counterpart in Osaka at 48,590, against…
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Wells Fargo Securities’ Ohsung Kwon expects artificial intelligence to dominate third-quarter earnings season. “Outside of AI, I’m not really excited about anything,” Kwon, the firm’s chief equity strategist, told CNBC’s ” Fast Money ” on Monday. He expects demand for AI to be the chief reason why results will exceed Wall Street estimates. He contends the sector is not in a bubble and said investors should stick with the group because fundamentals are driving the recent gains. According to Kwon, the AI trade is still in its early innings. “I think AI matters more than the Fed,” he said. Kwon’s…
Analysts are bullish on buy now, pay later stock Klarna one month after it went public in the New York Stock Exchange . The day before its debut, the Swedish fintech company priced shares at $40 a piece, valuing the company at about $15 billion. The stock rose 15% on its first trading day, closing at $45.82 each. However, the stock has dipped from that high, closing Friday’s session at $40.69. In recent months, the company has attempted to shift its core business into more of a digital retail bank rather than a financier of short-term loans. Following the stock’s…
Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here’s what CNBC TV’s producers were watching on Monday and what’s on the radar for Tuesday’s session. Big deal and Big Tech We will keep focusing on Big Tech tomorrow after the OpenAI- AMD deal, which sent the chip designer’s stock to a fresh intraday high. Ultimately, shares closed nearly 24% higher. The popular VanEck Semiconductor ETF (SMH) was up 2% on Monday, hitting a new high.…
There’s one specific trend set to define the automotive industry, according to investor and former Tesla board member Steve Westly: self-driving vehicles. And he says investors should take note. “Waymo and autonomous vehicles are the future, flat out, end of story,” Westly, who sat on Tesla’s board between 2007 and 2010, told CNBC’s “Squawk Box Europe” on Friday. “And they’re coming quickly. In the San Francisco Bay area where I live, it seemed like science fiction just five years ago. Now, you see them everywhere. After you’ve done it once or twice, you completely forget there is no driver in…
(PRO Views are exclusive to PRO subscribers, giving them insight on the news of the day direct from a real investing pro. See the full discussion above.) New York Stock Exchange insider Jay Wood pointed to rising momentum in Pfizer and two other beaten-down stocks that he believes pro traders should watch ahead of their upcoming quarterly results. As markets sit in the lull period between the last earnings season and the next, the chief market strategist at Freedom Capital Markets called out Pfizer as a name could continue to gain as investors look to the final quarter of the…
Traders work on the floor of the New York Stock Exchange. NYSEStock futures are little changed Tuesday night after U.S. stocks kicked off the new trading week with fresh records.Futures tied to the Dow Jones Industrial Average rose 6 points, or 0.01%. S&P futures ticked up 0.03%, while Nasdaq 100 futures rose 0.03%.Stocks rose to new heights on Monday, fueled by enthusiasm about a potential acceleration in mergers and acquisitions activity and an upcoming Federal Reserve rate cut. The S&P 500 closed at a fresh record for the 32nd time this year, up for 7 straight days, while the tech-heavy Nasdaq Composite notched…
Modelo beer is displayed on a shelf at a Safeway store on Oct. 6, 2025 in San Anselmo, California. Justin Sullivan | Getty ImagesModelo owner Constellation Brands beat on the top and bottom lines in its fiscal second-quarter earnings report on Monday and reiterated its lowered full-year guidance due to macroeconomic headwinds.Shares of the company rose roughly 3% in extended trading.Here’s how the company performed in the second quarter, compared with what Wall Street was expecting based on a survey of analysts by LSEG:Earnings per share: $3.63 adjusted vs. $3.38 expectedRevenue: $2.48 billion vs. $2.46 billion expectedFor the period ending Aug. 31,…
After years of drought, dealmaking is returning to the U.S. banking sector, and Wells Fargo analyst Mike Mayo broke down which firms could be the next target. Mayo, one of the industry’s most closely followed bank analysts, said the setup reminds him of the 1990s, when consolidation swept through regional and community banks following waves of regulatory relief. “I lived and worked through that period,” he said on CNBC’s “Power Lunch” Monday. “It starts a little bit, and other people look at it, but it creates a domino effect. Merger Monday is back for banks. Lookout for the next 12…
The U.S. Supreme Court declined on Monday to halt key parts of a judge’s order requiring Alphabet’s Google to make major changes to its app store Play, as the company prepares to appeal a decision in a lawsuit brought by “Fortnite” maker Epic Games.The justices turned down Google’s request to temporarily freeze parts of the injunction won by Epic in its lawsuit accusing the tech giant of monopolizing how consumers access apps on Android devices and pay for transactions within apps.A federal appeals court in July upheld the lower judge’s sweeping order against Google Source link
