Writer E. Jean Carroll arrives at the 2nd U.S. Circuit Court of Appeals, where former U.S. President Donald Trump will arrive to ask a federal appeals court to overturn a $5 million jury verdict finding him liable for sexually assaulting and defaming her, who accused Trump of raping her nearly three decades ago, in Manhattan, New York, U.S., September 6, 2024. Adam Gray | ReutersRead more CNBC politics coverageTwo 2nd Circuit judges dissented from Friday’s decision not to grant a so-called en banc rehearing of the case. Their written dissent said the panel “sanctioned striking departures” from legal precedent “to justify…
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CNBC’s Madeeha Mujawar reports on one of India’s worst aviation tragedies in its history. Source link
As equity markets broadly declined after Israel and Iran took aim at each other – some sectors and stocks are bucking the trend. The attack, which reportedly killed senior Iranian military and scientific figures, prompted an immediate flight to safety in financial markets. Brent crude , the international oil benchmark, jumped 7% to $78.50 a barrel, its highest level since April. The move rippled across sectors, punishing airlines while rewarding oil tanker owners on bets of imminent supply disruptions. The market turmoil reflects uncertainty over whether Iran will retaliate in a way that further escalates the conflict. Oil and shipping…
Wells Fargo is moving off the sideline when it comes to Zscaler . The bank upgraded shares of the cloud security stock to an overweight rating from equal weight. Analyst Andrew Nowinski simultaneously hiked his price target to $385 from $260. Shares of Zscaler have surged 67% in 2025. Nowinski’s new forecast is approximately 28% above where the stock closed on Thursday afternoon. ZS YTD mountain ZS YTD chart As a key catalyst, the analyst pointed to strong current momentum in Zscaler’s new and upsell business this fiscal year. Scheduled billings should become less of a headwind next year, while…
The JBS Greeley meatpacking facility in Greeley, Colorado, US, on Friday, Feb. 28, 2025. Chet Strange | Bloomberg | Getty ImagesShares of Brazilian meat giant JBS made their U.S. public market debut on Friday, opening at $13.65 a share.The opening trade values the company at roughly $30 billion, outstripping rival Tyson Foods’ market cap of about $19.82 billion.JBS is now trading on the New York Stock Exchange under the ticker “JBS,” a day later than initially expected. The company said it couldn’t conclude certain operational procedures in time to debut on Thursday. Its stock was delisted from the Sao Paolo…
Miners are seen at the Bayan Obo mine containing rare earth minerals, in Inner Mongolia, China July 16, 2011.Stringer | ReutersChina’s dominance of the global rare earths supply chain won’t dwindle easily, even if Beijing decides to approve more export licenses through deals with Europe and the U.S.Three Shenzhen-listed Chinese companies this month said that Beijing approved their exports of magnets with rare earths — metals critical for cars, defense, semiconductors and other industrial products. But another firm, Baotou INST Magnetic New Materials, said last month the export licenses can only be used for one shipment.In Europe, automotive industry groups…
Zoom In IconArrows pointing outwardsFlight map of the Middle East after Israel airstrikes on Iran at 12:25 UTC on June 13th, 2025. FlightRadar24Airlines around the world canceled flights to Israel and were skirting a large swath of airspace in the Middle East on Friday after Israel’s overnight missile strike on Iran. Iran later launched drones toward Israeli territory.Delta Air Lines and United Airlines canceled service to Tel Aviv, Israel, through at least Saturday. Both carriers’ Tel Aviv-bound flights turned around over the Atlantic Ocean to return to the New York area after Israel’s strikes.Israeli airline El Al has indefinitely suspended…
Stocks making the biggest movesCarnival Adventure arrives into Sydney Harbour in Sydney, Australia, on March 28, 2025.Matt Blyth | Getty ImagesWe’re around halfway through the final session of the week, and the pan-European Stoxx 600 is still down by around 0.9%.Every sector barring oil and gas remains in the red, with travel and leisure stocks leading losses on a 2.6% decline.Major bourses are all firmly in negative territory, with Germany’s DAX taking the biggest hit with a 1.5% fall.Looking at individual stocks, British Airways owner IAG has shed 4.8% to tumble toward the bottom of the Stoxx 600 index, while…
Director of the Office of Management and Budget (OMB) Russell Vought attends a cabinet meeting at the White House in Washington, D.C., U.S., April 10, 2025. Nathan Howard | ReutersThe Federal Reserve’s inspector general is reviewing the Trump administration’s attempts to lay off nearly all Consumer Financial Protection Bureau employees and cancel the agency’s contracts, CNBC has learned.The inspector general’s office told Sen. Elizabeth Warren, D-Mass., and Sen. Andy Kim, D-N.J., that it was taking up their request to investigate the moves of the consumer agency’s new leadership, according to a June 6 letter seen by CNBC.”We had already initiated…
Shares of GE Vernova may have peaked — at least for now, according to Wolfe Research. The investment firm downgraded the energy stock to a peer perform rating from outperform. Analyst Nigel Coe also removed his price target of $496 on the stock. Shares of GE Vernova have surged 48% this year. GEV YTD mountain GEV YTD chart Coe wrote that he still remains bullish on the company, and attributed his downgrade to GE Vernova’s massive year-to-date gain. “This decision comes on the back of significant YTD outperformance that has led to a much more challenging valuation set up on…
