A government intervention in struggling chipmaker Intel is “essential” for the sake of national security, analyst Gil Luria said Friday, following a report that the Trump administration is weighing taking a stake in the company.”We’re all capitalists,” Luria, head of technology research at D.A. Davidson, said in an interview with CNBC’s “Squawk Box.” “We don’t want government to intervene and own private enterprise, but this is national security.”Bloomberg reported Thursday that the Trump administration is considering having the U.S. government take a stake in Intel. The news sent Intel shares higher, and the stock climbed again Friday.Intel previously declined to…
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London’s FTSE 100 touched a fresh record high on Friday – and some market watchers see more upside ahead for the long-maligned index, with U.S. tariffs, macroeconomic influences and outperformance in certain sectors sparking a widespread reassessment of U.K. equities. The U.K. index — home to some of the world’s most renowned companies, including AstraZeneca , Shell , Unilever and Rolls-Royce — briefly climbed to an all-time intraday high on Friday, following four consecutive days of gains. It has since erased gains for the session, trading 0.2% lower by 1:53 p.m. in London (8:53 a.m. ET). .FTSE YTD line FTSE…
UnitedHealth shares are getting a much needed boost after high-profile investors including Warren Buffett and David Tepper unveiled new stakes in the scandal-plagued insurer. The health care stock popped 10% on Friday, on track for its best day in five years. The advance came after Buffett’s conglomerate Berkshire Hathaway revealed a stake of five million shares , worth about $1.6 billion. The “Big Short” investor Michael Burry and Appaloosa Management’s Tepper also disclosed sizable stakes in the company. It may come as a surprising move as UnitedHealthcare has become the poster child for problems with the nation’s sprawling health-care system. The…
The Good Brigade | Digitalvision | Getty ImagesMortgage rates have been declining, making conditions favorable for some homeowners to refinance, experts say. The average 30-year fixed-rate mortgage was 6.58% for the week ended Thursday, Aug.14, down from 6.63% the week prior, according to Freddie Mac.Mortgage rates have come down a point and a half from October 2023, when rates almost hit 8%, according to Jessica Lautz, deputy chief economist at the National Association of Realtors. “That’s a substantial improvement,” said Lautz.More from Personal Finance:Nearly 1 in 5 older student loan borrowers are seriously delinquentHere’s the inflation breakdown for July 2025Bad credit triggers…
DC Attorney General Brian L. Schwalb speaks during a DC Mayoral and Council swearing-in ceremony at the Walter E. Washington Convention Center on Monday January 2, 2023 in Washington, DC. Matt McClain | The Washington Post | Getty ImagesWashington, D.C., Attorney General Brian Schwalb filed a lawsuit Friday challenging President Donald Trump’s unprecedented takeover of the U.S. capital city’s police force.”The Administration’s actions are brazenly unlawful,” Schwalb said in a statement after his suit was filed in U.S. District Court in D.C.”They go well beyond the bounds of the President’s limited authority and instead seek a hostile takeover of MPD.…
A Pandora Bracelet at the PANDORA Concept Store.Franziska Krug | German Select | Getty ImagesU.S. shoppers are continuing to splurge on jewelry, even as economic headwinds weigh on consumer sentiment in Europe and China.Danish jewelry brand Pandora said the U.S. market, which accounts for one-third of its overall revenues, remained an outlier amid weaker global sales.”The U.S. continues to buck the trend,” Pandora CEO Alexander Lacik told CNBC’s “Squawk Box Europe” on Friday.”A strong U.S. consumer continues to be interested in Pandora, and, as I said, Europe is a bit of a mixed bag,” he went on, noting the European…
Iraq was plunged into a nationwide blackout earlier this week, as a temperature surge to 122 degrees Fahrenheit (50° Celsius) — and subsequent spiking demand for electricity — pushed the country’s faltering power grid to the breaking point. Power was restored a day later, government officials said Tuesday. For a country that has seen as much conflict and instability as Iraq, this could come as unsurprising – except for the fact that the nation is OPEC’s second-largest oil producer and has the world’s fifth-largest proven oil reserves. Scores of international energy companies have facilities in the Middle Eastern country, and billions…
Check out the companies making headlines before the bell. Target — The retailer fell almost 2% after Bank of America downgraded Target to underperform from neutral and trimmed its price target on the stock. Target’s long-term outlook is deteriorating as the company falls further behind its peers, the bank said. Ulta Beauty and Target also agreed to end their partnership . UnitedHealth — The health insurer rallied 11% premarket. The advance came after Warren Buffett’s Berkshire Hathaway revealed a stake of five million shares, worth about $1.6 billion. The “Big Short” investor Michael Burry and Appaloosa Management’s David Tepper also…
Here are Friday’s biggest calls on Wall Street. Morgan Stanley reiterates Apple as overweight Morgan Stanley says Apple shares appear to be “turning a corner.” “We are turning more bullish – forward iPhone unit/revenue growth expectations are still relatively muted, many of the same factors that got us bullish last July remain, we’re past peak tariff risk…” Morgan Stanley reiterates Nvidia as overweight The firm said Nvidia’s Rubin chip is on track and that investors should remain calm. “The chips and their system design should be finalized next March, with the chip entering mass production in 2Q26, followed by server…
President Donald Trump’s short list to replace Jerome Powell as Federal Reserve chair has turned into a long list of nearly a dozen possible candidates.Among them are current and former Fed officials, prominent economists and a couple market-focused hopefuls, each with ideas about where the central bank should be headed at a critical juncture for monetary policy.For most of them, the views coalesce around a need to lower the Fed’s benchmark interest rate, and some believe the changes must go beyond that and into the fundamental way it does business.In CNBC interviews that stretch back days, weeks and even months,…
