Check out the companies making the biggest moves midday: Apple — The iPhone maker gained more than 5% after a White House official confirmed the company would invest another $100 billion in the U.S. That would bring Apple’s total U.S. investment over the next four years to $600 billion . Grocery Outlet — The discount grocery store rallied 38% after the company reported second-quarter earnings that beat the Street. Grocery Outler earned 23 cents per share, excluding items, beating a FactSet consensus of 17 cents per share. Full-year earnings guidance also topped estimates. Bloomin’ Brands — The restaurant chain plunged…
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Bank of America sees MP Materials as an “unmatched vehicle” for exposure to rare earths, significantly increasing its earnings estimates on the back of the miner’s recent deal with the Defense Department. The bank hiked its price target for MP ahead of the company’s second-quarter financial results Thursday. It now sees MP shares rising to $78, indicating about 14% upside from Tuesday’s close of $68.39. Its previous target stood at $42. MP shares have more than doubled since the Defense Department agreed on July 10 to buy a $400 million stake in the company, set a price floor for rare…
File: Barracks called One Plus One and used by U.S. Army 3rd Infantry Division in Fort Stewart, Georgia.Stephen Morton | Getty ImagesFive soldiers were shot Wednesday after an active shooter opened fire at Fort Stewart military base in east Georgia, the Army said.The shooter has been “apprehended” by law enforcement and there is currently no active threat to the community, according to a post from the fort’s verified Facebook account.All of the soldiers were “treated on-site and moved to Winn Army Community Hospital for further treatment,” the post said.The base, less than an hour’s drive from Savannah, was locked down…
Pavlo Gonchar | SOPA Images | Lightrocket | Getty ImagesMatch Group shares popped more than 10% on Wednesday after the online dating company issued upbeat guidance and said new products are showing promise as it attempts to turnaround its business.The Dallas-based company said it expected revenues between $910 million and $920 million in the current quarter, beating a $890 million estimate from analysts polled by FactSet.”We are operating like a company that is just getting started, and we believe the best chapters of the category and company are still ahead,” said CEO Spencer Rascoff during an earnings call Tuesday. “We are moving with urgency, we are obsessed with the product…
Technicians stand next to an oil rig which is manufactured by Megha Engineering and Infrastructures Limited (MEIL) at an Oil and Natural Gas Corp (ONGC) plant, during a media tour of the plant in Dhamasna village in the western state of Gujarat, India, August 26, 2021. Amit Dave | ReutersU.S. President Donald Trump added further pressure to India on Wednesday by bumping up tariffs to 50% — but calls for India to immediately stop buying Russian oil could cause global crude prices to spike, industry sources told CNBC.Trump has accused India of “fueling” Russia’s war machine and said the country is…
Stock-picking hedge funds climbed modestly in July, in line with the broader market, but their positioning has turned more cautious with the S & P 500 sitting near a record high. Global fundamental long-short hedge funds returned 1.5% in July on an asset-weighted basis, bringing their year-to-date gains to 7.8%, according to data from Goldman Sachs prime brokerage. Managers piled into individual stocks for a third straight month to ride the market’s resilient bull run, the data showed. Still, hedge funds were net sellers of technology stocks in July and bought defensive companies for the third month in a row,…
Driven Brands could be due for big gains ahead, according to JPMorgan. JPMorgan upgraded the automotive services stock to overweight from neutral in a Wednesday note, and raised its price target to $23 per share from $17. The firm’s forecast implies about 33% upside from Tuesday’s $17.33 close. The company owns oil change service Take 5, as well as other automotive services names such as Maaco Collision Repair & Auto Painting and Meineke Car Care Center. The firm on Tuesday reported better-than-expected second-quarter results , but shares are trading lower since it reiterated its full-year outlook. Analyst Christian Carlino said…
The head of the biggest railroad labor union in the U.S. is warning of transportation “meltdowns” if labor concerns and conditions are not met in the proposed merger between Union Pacific and Norfolk Southern.The merger, announced last week, would be the largest buyout ever in the rail sector, and would create the nation’s first coast-to-coast freight rail operator, combining Union Pacific’s strength in the western U.S. with Norfolk’s network primarily covering the eastern U.S.SMART Transportation Division (SMART-TD) has already stated its intention to petition the government to block the deal, with Union Pacific’s safety record among its primary concerns.”Without labor at…
OpenAI CEO Sam Altman speaks during the US Federal Reserve Board of Governors’ “Integrated Review of the Capital Framework for Large Banks Conference” at the Federal Reserve in Washington, DC, on July 22, 2025. Mandel Ngan | AFP | Getty ImagesOpenAI on Wednesday announced it will offer its ChatGPT Enterprise product to U.S. federal agencies for $1 through the next year, making its technology available to the federal executive branch workforce at “essentially no cost.”The company has been working to deepen its ties to lawmakers and regulators in recent months, and it will open its first office in Washington, D.C.…
Bern Skyline taken from the Rosengarten at sunrise in Switzerland. Church centre: Nydeggkirche Cathedral right: Berner Münster Bridge left: NydeggbrückeJoe Daniel Price | Moment | Getty ImagesSwitzerland is scrambling to make a trade deal with Washington as it looks to avoid a “triple blow” of economic problems after being hit with 39% tariffs on goods imported to the U.S.Swiss leaders this week travelled to Washington D.C. in an attempt to strike a deal with the U.S. administration in a bid to avoid the hefty duties which will come into effect Aug. 7.The 39% tariff rate, which is one of the…
