Sunrise scene of Seoul downtown city skyline, Aerial view of N Seoul Tower at Namsan Park in twilight sky in morning. The best viewpoint and trekking from inwangsan mountain in Seoul city, South KoreaMongkol Chuewong | Moment | Getty ImagesAsia-Pacific markets traded mixed Tuesday after a mixed session on Wall Street that saw the Dow soar and the Nasdaq slip as investors rotated out of tech stocks.Australia’s S&P/ASX 200 rose 0.29%, after falling for three straight sessions.Japan’s Nikkei 225 fell 1.29% and the Topix dipped 0.95%. South Korea’s Kospi traded around the flatline, while the Kosdaq added 0.32%. Japan’s 40-year…
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Capital One Financial’s acquisition of Discover Financial Services could spell upside for the bank in the coming months, according to UBS. Analyst Erika Najarian upgraded shares of Capital One to buy from neutral and increased her price target by $67 to $235, which implies 34% upside. Najarian also raised her rating on Discover to buy from neutral and upped her price target of that name by $89 to $239, reflecting almost 41% upside potential. The moves come months after Capital One announced its plans to acquire Discover in a $35.3 billion all-stock deal back in February 2024. The deal is…
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Cleveland-Cliffs CEO Lourenco GoncalvesCNBCCleveland-Cliffs CEO Lourenco Goncalves said Monday he had a plan to buy U.S. Steel as he launched a tirade against Japan, calling the close U.S. ally “evil” during a press conference.”I want to buy,” Goncalves told journalists at the Butler works plant in Pennsylvania. “I have a plan, I have an all-American solution in place. The all-American solution centers on people, on workers.”Goncalves comments came after CNBC reported earlier Monday that Cleveland-Cliffs is partnering with Nucor in a potential bid for U.S. Steel. Cleveland-Cliffs is angling for U.S. Steel after President Joe Biden blocked the company’s sale…
“I like punctuality, it’s a virtue I have learned to appreciate,” Pope Francis writes in the fifth chapter of his autobiography, to be published on Tuesday in 18 languages, adding that he considers it “a sign of good manners and respect, to arrive promptly.”Unfortunately, as a newborn, Francis writes, he arrived a week late, necessitating a call to the doctor, who sat on his mother’s stomach and began to “to press and to ‘jump about’” to induce his birth.“And so it was that I came into the world,” Francis writes.“Hope: The Autobiography,” by Pope Francis — a 320-page compendium of…
Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here’s what CNBC TV’s producers were watching as the Nasdaq Composite fell for a fourth day, and what’s on the radar for the next session. JPMorgan’s health-care conference CNBC’s “Mad Money” with Jim Cramer and CNBC’s pharmaceuticals reporter Angelica Peebles will continue their coverage Tuesday. The guest list is long and includes the CEOs of Novartis , Eli Lilly , Regeneron , Merck and Abbott Labs. Novartis…
‘Fast Money’ treader Tim Seymour unveils his 2025 trading acronym. Source link
CNBC’s Jim Cramer examined Monday’s market action, saying the tech-heavy Nasdaq Composite failed to rally largely due to a unique one-two punch: The U.S. government and billionaire Meta CEO Mark Zuckerberg.”The tag team of the government and Meta may have been too much for everyone,” he said. “At the end of the day, though, buyers finally came in to find bargains in the semis and softwares and the drug stocks.”While the Dow Jones Industrial Average advanced 0.86% and the S&P 500 finished up 0.16%, the Nasdaq shed 0.38%. As Joe Biden’s administration comes to a close, it announced over the weekend…
Nvidia CEO Jensen Huang delivers a keynote address at the Consumer Electronics Show 2025, in Las Vegas, Nevada, U.S., on Jan. 6, 2025.Artur Widak | Anadolu | Getty ImagesThis report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here.What you need to know todayTech drags down Nasdaq U.S. markets were mixed Monday. The S&P 500 and Dow Jones Industrial Average rose, but the Nasdaq Composite fell amid a broad tech sell-off. The pan-European…
Gains could be in store for Chewy amid a normalizing U.S. pet industry, according to Evercore ISI. Analyst Mark Mahaney upgraded shares of the pet retailer to outperform from in line and increased his price target by $13 to $47. That reflects 29.4% upside from Friday’s close. “We believe the Pet Industry has largely stabilized, and CHWY is well-positioned to grow in line (MSD% historical growth) or better in a potential market recovery,” the analyst wrote. “Recent industry data, combined with CHWY specific initiatives and future product catalysts, support our constructive view of CHWY’s ability to accelerate (at least modestly)…
