Stocks on display at the Nasdaq on Sept. 10, 2025. Danielle DeVries | CNBCThis 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. Magnificent or not?Magnificent Seven members Alphabet, Microsoft and Meta Platforms all beat Wall Street’s expectations yesterday, exceeding estimates for earnings per share and revenue while talking up expansion plans. But investors’ responses varied widely.Here’s what to know:Alphabet shares surged more than 7% after the Google parent beat the Street’s forecasts for revenue tied to its Google Cloud and YouTube businesses. Executives…
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U.S. President Donald Trump and Chinese President Xi Jinping react as they hold a bilateral meeting at Gimhae International Airport, on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, in Busan, South Korea, October 30, 2025. Evelyn Hockstein | ReutersPresident Donald Trump and President Xi Jinping reached a trade truce during a high-stakes meeting in South Korea on Thursday, de-escalating a dispute over rare earth elements that had threatened to push the world’s two largest economies into a full-blown trade war.China has agreed to pause for one year the sweeping export controls on rare earths announced on Oct. 9…
These are some of the stocks posting the largest moves in early trading. Source link
A general view of a Tim Hortons Drive-Thru coffeehouse and restaurant at Lakeside Retail Park on February 5, 2024 in Grays, United Kingdom.John Keeble | Getty ImagesRestaurant Brands International on Thursday reported quarterly earnings and revenue that beat analysts’ expectations, fueled by growth of its international restaurants and Tim Hortons.Combined, the two divisions account for roughly 70% of the company’s earnings, according to CEO Josh Kobza.Shares of Restaurant Brands rose 3% in premarket trading.Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:Earnings per share: $1.03 adjusted vs. $1 expectedRevenue: $2.45 billion vs.…
Here are the biggest calls on Wall Street on Thursday: Roth initiates Real Real as buy Roth says the luxury resale shop has a differentiated offering. “The RealReal (TRR) is in the midst of a positive business inflection that has gained momentum under CEO Rati Levesque.” Oppenheimer downgrades Meta to perform from outperform The firm says there’s “too much uncertainty” surround the company’s AI investments following earnings. “Downgrading META to Perform (from Outperform) as risk/reward properly reflected after-hours.” Read more . Oppenheimer upgrades Extreme Networks to outperform from perform Oppenheimer upgraded the networking equipment company following earnings. “EXTR entered fiscal…
Analysts liked what Alphabet’s third-quarter earnings report showed. The company earned an adjusted $3.10 per share on revenue of $102.35 billion. Analysts surveyed by LSEG had forecast earnings of $2.33 and $99.89 billion in revenue. Alphabet cited strong demand for artificial intelligence as helping drive momentum in its cloud business. Cloud revenue came in at $15.15 billion, marking a 35% year-over-year increase. And while the company increased its capital expenditures outlook, investors and analysts cheered the Alphabet’s AI path while its other businesses remain strong. Analysts across Wall Street reiterated their bullishness on the name, with the ones highlighted below…
It wasn’t a traditional pitch meeting. There were no slides, no product demo. There wasn’t even a clear explanation of what the founders were trying to build. But for investor Oren Zeev’s decision-making process, none of that was necessary. “I just liked them, I just wanted to be close to them,” said Zeev. “So I wrote a small check – a ‘relationship investment,’ I called it.”The year was 2013, and Zeev, a former general partner with the venture capital arm of Apax Partners (which now operates primarily as a private equity firm), was working as a de facto angel investor. He…
Thomas Fuller | SOPA Images | Lightrocket | Getty ImagesDenmark’s Novo Nordisk launched a rival bid for U.S. obesity biotech firm Metsera on Thursday, hijacking an offer from Pfizer as drugmakers jostle for advantage in the fast-growing and competitive weight-loss drug market.Novo Nordisk bid up to $8.5 billion, including $6 billion upfront and later milestone payments. Pfizer’s bid was worth $7.3 billion, including milestones.Pfizer said in a statement that the Novo bid was “reckless” and would be bad for competition in the obesity drug market.Competing for $150 million obesity drug market The move signals an aggressive turn by Novo Nordisk…
Comcast topped Wall Street earnings and revenue estimates for the third quarter on Thursday, despite once again reporting a loss in broadband customers. The company said it lost 104,000 domestic broadband customers during the period, bringing its total subscriber base to roughly 31.4 million. This marked the fourth quarter in a row that Comcast failed to grow its broadband customer base. Earlier this year the company outlined initiatives meant to drive broadband growth — the cornerstone of Comcast’s business — as it has faced fraught competition from alternative providers, namely 5G companies. The company, soon to be led by co-CEOs Brian Roberts…
Better-than-expected results from Meta Platforms were being overshadowed by worries around the company’s massive artificial intelligence spending plans. The tech giant earned an adjusted $7.25 per share on $51.24 billion in revenue during the third quarter. That exceeds the $6.69 per share and revenue of $49.41 billion that analysts polled by LSEG had penciled in. Still, shares down nearly 9% lower after the company hiked its 2025 capital expenditures outlook as it invests more money into AI. It now expects to spend between $70 billion and $72 billion, up from a prior guidance of $66 billion to $72 billion. This…
