Halfpoint Images | Moment | Getty ImagesConsumers are racing to buy electric vehicles before a fast-approaching deadline to claim tax credits worth up to $7,500, according to auto analysts.Legislation championed by Republicans on Capitol Hill and signed by President Donald Trump in July eliminates the tax breaks — available for new, used and leased EVs — after Sept. 30.The Biden-era Inflation Reduction Act had originally offered the tax breaks to consumers through 2032.”We’re expecting Q3 may be [a] record for EV sales because of the tax incentives going away,” said Stephanie Valdez Streaty, a senior analyst at Cox Automotive.”People are…
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Gold futures climbed to a record high on Friday after a report that the United States had imposed tariffs on imports of 1-kg gold bars, while spot gold stayed on track for a second straight weekly gain on tariff turmoil and U.S. interest rate-cut hopes.Srinophan69 | Moment | Getty ImagesGold prices fell from a record high Friday after the White House said it will clarify “misinformation” about the precious metal facing tariffs.”The White House intends to issue an executive order in the near future clarifying misinformation about the tariffing of gold bars and other specialty products,” a White House official…
Goldman Sachs has long been considered the king of Wall Street dealmaking. Now, the bank is increasing its focus on another target: managing money for wealthy clients and institutions. Investment banking services, like underwriting initial public offerings (IPO) and advising mergers and acquisitions (M & A), have long been Goldman’s bread and butter. In fact, the firm was ranked No. 1 in overall global M & A activity for the first seven months of 2025, capturing 32% of market share among its financial peers, according to LSEG data. Most recently, Goldman has had its hand in a number of high-profile…
President Donald Trump ‘s new executive order paves the way to bring alternative assets into 401(k)s, but what that will eventually look like — and how complicated it may be — remains to be seen. The order, signed by the president on Thursday , directs the Secretary of Labor to reexamine fiduciary guidance on alternative investments — such as private equity, private credit and cryptocurrencies — in 401(k) and other defined-contribution plans. Those plans are governed by the Employee Retirement Income Security Act of 1974, or ERISA. Adding alternative assets can be a complex endeavor for 401(k) plan sponsors, thanks…
(Check out Carter’s worthcharting.com for actionable recommendations and live nightly videos.) Cement manufacturers Martin Marietta (MLM) and Vulcan Materials (VMC) are very similar businesses, with the shares in each company having a correlation of 92%. And right now, both stocks are toying with the prospect of breaking out to new 52-week highs and all-time highs. By our work, it is right to be accumulating each stock aggressively. Martin Marietta Materials (MLM) Buy for a breakout to new highs… Vulcan Materials (VMC) Buy for a breakout to new highs… DISCLOSURES: (None) All opinions expressed by the CNBC Pro contributors are solely…
CNBC’s Contessa Brewer breaks down the latest earnings from Expedia. Source link
Jeff Green, CEO of The Trade Desk.Scott Mlyn | CNBCShares of The Trade Desk plummeted almost 40% on Friday and headed for their worst day on record after the ad-tech company announced the departure of its CFO and analysts expressed concerns about rising competition from Amazon.The Trade Desk, which went public in 2016, suffered its steepest prior drop in February, when the shares fell 33% on a revenue miss. In its second-quarter earnings report late Thursday, the company beat expectations on earnings and revenue, but the results failed to impress investors.The Trade Desk, which specializes in providing technology to companies that want…
Jess Carter of England running during the UEFA Women’s EURO 2025 Final match between England and Spain.Richard Sellers/allstar | Getty Images Sport | Getty ImagesEngland Lioness and Gotham FC defender Jess Carter said social media companies can do more to police hate comments online after she faced racial abuse during the Euro 2025 tournament.Carter, a defender for the American soccer team Gotham FC, is part of the England women’s national team, nicknamed the “Lionesses,” that just secured a historic win in the Euro 2025 championships after defeating Spain on penalties in the final in Switzerland in July.Carter had to take…
These are the stocks posting the largest moves in midday trading. Source link
The stock market’s bull run is about to take a pause as economic growth continues to slow, according to Andrew Garthwaite, chief global equity strategist at UBS. The widely followed strategist pointed to implied intra-index volatility, which is close to the bottom end of its range, vulnerable for a reversal. Additionally, the Wall Street firm said it believes the U.S. economic data is poised to continue to deteriorate, threatening the market’s bull run. “When it rises, cyclicals have tended to underperform 84% of the time,” Garthwaite said in a note to clients, referring to implied volatility. “We continue to think August…
