ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailDan Ives, Wedbush Securities managing partner, joins ‘Squawk Box’ to discuss news of Uber exploring a possible bid for the travel booking website Expedia, why he believes the potential deal would make sense for Uber, and more. Source link
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Travelers Insurance offices in New York City.Adam Jeffery | CNBCTravelers reported a nearly three-fold jump in third-quarter profit on Thursday, as higher underwriting gains and investment income more than offset steep catastrophe losses.Core income of the company, often seen as a sector bellwether as it typically reports results before peers, rose to $1.22 billion, or $5.24 per share, in the three months ended Sept. 30, from $454 million, or $1.95 per share, a year earlier.Individuals and businesses are spending more on insurance, allowing insurers to attract and retain clients despite higher prices for some policies such as auto and property.Travelers’…
Mounting geopolitical tensions and a tight presidential election may intensify market volatility in coming weeks, but high-quality growth stocks may prove a useful way for investors to hedge against any future uncertainty, according to Trivariate Research. October is a historically volatile month for stocks , and this week alone has seen the market seesaw. Following the gains in Monday’s trading session – which saw the Dow Jones Industrial Average close above 43,000 for the first time and the S & P 500 also end at a fresh record – all three major averages retreated to end in the red on…
Investors are overlooking Crane NXT and its long-term earnings potential, according to Baird. Analyst Michael Halloran initiated coverage of the company with an outperform rating and $77 price target, reflecting a 38.5% upside from Wednesday’s close. That’s a sharp turnaround for the beaten-down stock, which has shed 2.2% this year. Crane specializes in micro-optic securities to protect products against counterfeits. This is also used to ensure differentiate legitimate currency bills from fake ones. Halloran said the firm is a buyer of Crane ahead of its “anticipated end market inflection,” which the analyst believes will fuel differentiated earnings growth in 2026…
Isiah Pacheco #10 of the Kansas City Chiefs runs for a one yard touchdown during the third quarter against the Philadelphia Eagles in Super Bowl LVII at State Farm Stadium on February 12, 2023 in Glendale, Arizona.Rob Carr | Getty Images Sport | Getty ImagesEarlier this month a well-known musician showed up at a Kansas City Chiefs game as the National Football League continues its bid to reach a new audience.But this time it wasn’t Taylor Swift cheering on Travis Kelce — as the pop star has done at Kansas City games, leading to a boost in viewership.It was Puerto…
CNBC’s Jim Cramer on Wednesday said charts indicate that the bull market can roar higher if the tech sector continues to perform, especially the stock of Nvidia, a leader on the indexes.”The charts, as interpreted by Jessica Inskip, are looking pretty darn good for the S&P and the Nasdaq-100, and of course, yes, Nvidia,” he said. “We’ve got a much broader bull market than we had six months ago, but if it’s going to keep running, Inskip says we need to see some meaningful participation from tech.”While tech may not have to “lead the way anymore,” it still has to…
Momo Productions | Digitalvision | Getty ImagesThe Biden administration announced on Thursday that it was forgiving another $4.5 billion in student debt for over 60,000 borrowers.The latest round of relief is a result of the U.S. Department of Education’s fixes to the popular, but once troubled, Public Service Loan Forgiveness program.President Joe Biden, who has forgiven more education debt than any other president in U.S history, said that the number of borrowers to benefit from the program under his administration now exceeded 1 million.”Public service workers – teachers, nurses, firefighters, and more – are the bedrocks of our communities and…
Amazon Web Services is investing more than $500 million in nuclear power, announcing three projects from Virginia to Washington state. AWS, Amazon’s subsidiary in cloud computing, has a massive and increasing need for clean energy as it expands its services into generative AI. It’s also a part of Amazon’s path to net-zero carbon emissions.AWS announced it has signed an agreement with Dominion Energy, Virginia’s utility company, to explore the development of a small modular nuclear reactor, or SMR, near Dominion’s existing North Anna nuclear power station. Nuclear reactors produce no carbon emissions.An SMR is an advanced type of nuclear reactor…
Detroit Pistons team owner Tom Gores claps during the press conference on July 30, 2021 at the Pistons Performance Center in Detroit, Michigan. Nic Antaya | Getty Images Sport | Getty ImagesPrivate equity billionaire Tom Gores has agreed to pay $750 million to buy 27% of the National Football League’s Los Angeles Chargers at an enterprise value of $4 billion, according to two people with knowledge of the deal who spoke on the condition of anonymity to discuss nonpublic details.The $4 billion valuation is more than a 30% discount to the team’s value of $5.83 billion, according to CNBC’s Official 2024…
The Morgan Stanley headquarters in New York, US, on Wednesday, Dec. 27, 2023.Angus Mordant | Bloomberg | 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 todayMarkets rise on upbeat earningsU.S. stocks resumed their advance Wednesday, as Morgan Stanley and United Airlines earnings topped estimates. Asia-Pacific markets traded mixed Thursday. The CSI 300 real estate index fell nearly 7% even as Beijing announced new measures to…
