The stock market has been on a tear over the past month, as Wall Street mulled over quarterly earnings reports, President Donald Trump ‘s tariff moves, and the Federal Reserve’s next monetary policy decision. Since last month’s third annual meeting of the CNBC Investing Club, the S & P 500 and Nasdaq hit nine and 14 record closing highs, respectively. Both stock benchmarks hit those milestones again Wednesday. From our July 11 gathering at the New York Stock Exchange to Wednesday’s market close, the S & P 500 advanced more than 3.3% and the tech-heavy Nasdaq gained roughly 5.5%. The…
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Latin American online payments provider dLocal is finally on a path towards long-term growth, according to HSBC. Analyst Neha Agarwala upgraded shares to buy from hold and lifted her price target by $3.50 to $15, suggesting the stock can gain more than 28% over the next year. DLocal, up 51% in the last year and another 20% in early trading Thursday after posting second-quarter results Wednesday, has been widening its global expansion. In January, for example, the Uruguayan company secured a U.K. payment institution license . HSBC sees it benefiting from a lower cost of equity and more operating leverage in…
AST Spacemobile is a “high risk, high reward investment,” according to UBS. UBS resumed coverage of stock in the satellite design and manufacturer with a buy rating on Thursday and raised its price target to $62 per share from $38. The firm’s forecast calls for about 24% upside from Wednesday’s $50.05 close. ASTS YTD mountain AST Spacemobile stock in 2025. Analyst Christopher Schoell pointed to the company’s cash hoard of about $1.5 billion and a broader-than-expected government opportunity, coupled with potentially greater visibility into regulations, as reasons he’s optimistic on the stock. “Along with billions of potential funding for satellite…
Ether and bitcoin.Yuriko Nakao | Getty ImagesBitcoin hit a new record late Wednesday as ether climbed even closer to its all-time high.The flagship cryptocurrency rose as high as $124,496, surpassing its July record of 123,193.63, according to Coin Metrics. Ether rose to $4,791.19 overnight, edging closer to its 2021 record of $4,866.01.Both coins took a hit Thursday, however, after July’s wholesale inflation data came in much hotter than expected. Bitcoin was lower by 2% at $119,704.09, while ether fell the same amount to $4,612.40.Stock Chart IconStock chart iconBitcoin hit a new record overnight, surpassing its July all-time highThe initial gains…
Check out the companies making headlines in premarket trading. Li Auto — Shares fell about 2% following JPMorgan’s downgrade of the Chinese electric vehicle company to neutral. Analyst Nick Lai cited stiff competition as a reason for caution. Tapestry — The Coach New York and Kate Spade parent sank more than 10% after its full-year outlook missed analyst estimates. Tapestry forecast full-year earnings of $5.30 to $5.45 per share, while analysts polled by FactSet were looking for $5.49. Deere — The farm equipment maker dropped about 6% after Deere trimmed the top end of its full-year outlook. The Moline, Illinois-based…
A Klarna advertisement at the Metro Center metro station in Washington, DC, US, on Tuesday, June 3, 2025. Stefani Reynolds | Bloomberg | Getty ImagesSwedish fintech Klarna, which in April paused plans for an initial public offering in the United States, said on Thursday its second-quarter revenue grew 20% from a year ago on a like-for-like basis while adjusted profits increased slightly.Klarna’s April-June revenue grew to $823 million in the quarter, while its adjusted operating profit stood at $29 million, an increase of $1 million from the same quarter of last year, its earnings report showed.The number of active Klarna…
(This is a wrap-up of the key money moving discussions on CNBC’s “Worldwide Exchange” exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. ET each day.) Traders looked at signs of the market rally broadening outside of the megacap tech names. Plus, a new way of playing artificial intelligence. Worldwide Exchange Pick: Aecom Kevin Mahn of Hennion & Walsh sees Aecom as a “picks and shovel” play for the AI trade. “I always follow the adage of ‘follow the money’ we continue to see companies announcing tens of billions of dollars of investment into AI infrastructure,” Mahn said. “Who…
Wholesale prices rose far more than expected in July, providing a potential sign that inflation is still a threat to the U.S. economy, a Bureau of Labor Statistics report Thursday showed.The producer price index, which measures final demand goods and services prices, jumped 0.9% on the month, compared to the Dow Jones estimate for a 0.2% gain. It was the biggest monthly gain since June 2022.Excluding food and energy prices, core PPI rose 0.9% against the forecast for 0.3%. Excluding food, energy and trade services, the index was up 0.6%, the biggest gain since March 2022.On an annual basis, headline…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailTransportation Secretary and Acting NASA Administrator Sean Duffy joins ‘Squawk Box’ to discuss upgrades to air traffic control system, increasing the number of air traffic controllers, his thoughts on the job performance of his predecessor, enabling competition in the commercial space industry, and more. Source link
Hello, this is Amala Balakrishner, writing from Singapore. This week, I look at how India’s wealthy are anchoring their fortunes in real estate. Enjoy!This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribe here.Each weekday, CNBC’s “Inside India” news show gives you news and market commentary on the emerging powerhouse businesses, and the people behind its rise. Livestream the show on YouTube and catch highlights here. SHOWTIMES:U.S.: Sunday-Thursday, 23:00-0000 ETAsia: Monday-Friday, 11:00-12:00 SIN/HK, 08:30-09:30 India Europe: Monday-Friday,…
