Check out the companies making the biggest moves midday: Hershey — The candy company slid more than 3% following news that Wendy’s CEO Kirk Tanner will take the helm at Hershey , effective Aug. 18. He will replace Michele Buck, who has been with the company for the past two decades and has spent eight years as CEO. Chemours — The company rallied more than 9%, adding to its strong gains over the past month, after the Environmental Protection Agency withdrew new rules regarding the use of certain chemicals. Huntsman shares also gained 5.7%. Royal Gold — Shares dropped more…
Author: usaeverydaylife
U.S. President Donald Trump presents a sweeping spending and tax legislation, known as the “One Big Beautiful Bill Act,” after he signed it, at the White House in Washington, D.C., U.S., July 4, 2025.Leah Millis | ReutersA version of this article first appeared in CNBC’s Healthy Returns newsletter, which brings the latest health-care news straight to your inbox. Subscribe here to receive future editions.We’re back from the holiday weekend with President Donald Trump’s “big beautiful” bill officially signed into law.His landmark tax cut and spending package includes more than $1 trillion cuts to Medicaid, which will leave millions of vulnerable…
A top White House economic advisor on Tuesday likened the odds that President Donald Trump’s tariffs will lead to higher prices to those of a meteorite striking earth.”Rare events happen. We get pandemics or, or meteors or whatever,” said Stephen Miran, chairman of Trump’s Council of Economic Advisers, on CNBC’s “Squawk Box.”But “there’s just no evidence thus far of it happening,” Miran said.Anchor Melissa Lee noted that Miran was equating tariff price increases with extremely rare events.”I don’t mean to be dismissive,” he replied. “All I mean to say is that prediction is difficult, and we should always speak in terms of…
Indian Prime Minister Narendra Modi arrives at the White House to meet with U.S. President Donald Trump on Feb. 13, 2025 in Washington, DC.Andrew Harnik | Getty Images News | Getty ImagesElon Musk’s X said Tuesday that the Indian government ordered the company to block 2,355 accounts, including Reuters, in the country.”The Ministry of Electronics and Information Technology demanded immediate action- within one hour- without providing justification, and required the accounts to remain blocked until further notice,” X’s global government affairs account posted.The main Reuters account, along with ReutersWorld, was blocked Saturday for users in India, the news service said.…
Wells Fargo is eyeing a handful of stocks that it says have “significant” catalysts to drive upside in the third quarter. Stocks are coming off of a stunning rebound in the first half of 2025. The S & P 500 notched a gain of nearly 11% in the second-quarter, with the broad market index posting a strong turnaround from its April low. At one point, the S & P 500 hovered near bear market territory. The S & P 500 notched record-high closes last week, adding to its gains with a fresh record Thursday after a better-than-expected June jobs report.…
Things are looking up for both Amazon shoppers and shareholders. A look at the dominant e-commerce platform’s stock price chart shows the formation of a “golden cross.” The pattern, widely followed by chart analysts and seen as an indicator of future upside momentum, occurs when a stock’s 50-day moving average breaks above its ascending 200-day counterpart. Amazon’s 50-day moving average of $206.46 recently rose above the 200-day average of $206.04, according to FactSet data. The milestone comes as Amazon kicks off its summer Prime Day sale, which began as one day but now lasts for four. “In our view, this…
Boeing 737 MAX airliners are pictured at the company’s factory in Renton, Washington, on Sept. 12, 2024.Stephen Brashear | APBoeing delivered 60 airplanes last month, the most since December 2023, as the plane maker seeks to raise production of its bestselling 737 Max jets after a series of manufacturing and safety problems.The tally was the highest since before a door plug from one of its new 737 Max 9 planes blew out midair in January 2024, sparking a new crisis for the company and slowing production and deliveries of aircraft. Of the monthly total, 42 were 737 Maxes, going to…
Rishi Sunak on the grid before the F1 Grand Prix of Great Britain on July 06, 2025 at Silverstone Circuit in Northampton, England.Bob Kupbens | Icon Sportswire | Getty ImagesFormer U.K. Prime Minister Rishi Sunak is set to rejoin Goldman Sachs as a senior adviser, the bank announced Tuesday, a year after his Conservative Party suffered a major election loss.”I am excited to welcome Rishi back to Goldman Sachs in his new capacity as a Senior Advisor,” David Solomon, chairman and CEO of Goldman Sachs, said in a statement.”In his role, he will work with leaders across the firm to…
Steve Eisman, the investor who called the subprime mortgage crisis, said fears of the massive size of the federal budget deficit may be overblown. President Donald Trump’s One Big Beautiful Bill Act signed last week added to investor concerns about the fiscal trajectory of the country and future government borrowing. The bill includes trillions of dollars in tax cuts, increased spending for immigration enforcement and large cuts to funding for Medicaid and other social programs. The independent Congressional Budget Office has said the bill could add $3.4 trillion to the $36.2 trillion of outstanding U.S. debt over the next decade. ‘The Real…
Tesla shares will probably fall even further as CEO Elon Musk continues to devote his attention to politics, Morgan Stanley analyst Adam Jonas told clients in a Tuesday note. Tesla stock fell nearly 7% on Monday, erasing $68 billion from the company’s market capitalization after Musk announced on Saturday that he was forming a new America Party. “While the situation remains fluid, we believe investors should be prepared for further devotion of resources (financial, time/attention) in the direction of Mr. Musk’s political priorities, which may add further near-term pressure to TSLA shares,” Jonas told clients in a 12-page report. Musk…
