My top 10 things to watch Monday, July 21 1. Shares of Block are up big as the fintech company is set to join the broad-based S & P 500 index — a reminder that so much money is indexed to the S & P that it is hard to beat, and is a reason why the small-cap Russell 2000 keeps underperforming. Block will officially join the S & P 500 before the bell on Wednesday. 2 . Verizon — much better, posted a second-quarter earnings beat before the opening bell ($1.22 vs. $1.19 estimate). EBITDA was also stronger than expected.…
Author: usaeverydaylife
A Southwest Airlines Boeing 737 airplane departs from Harry Reid International Airport as another airplane taxis in Las Vegas, Nevada, on March 15, 2025.Kevin Carter | Getty Images News | Getty ImagesSouthwest Airlines passengers will fly in assigned seats for the first time on Jan. 27, the carrier told CNBC. Customers can start buying tickets with assigned seats on July 29.The move ends more than half a century of open seating on the airline, a policy that has set it apart from rivals for decades — along with two free checked bags. Both things are changing as Southwest’s leaders seek…
Jaque Silva | Nurphoto | Getty ImagesThe latest crypto treasury company is set to hit the public market with an ambitious plan to build the largest public vehicle for institutional exposure to ether.The Ether Machine will begin trading on the Nasdaq Monday through a merger with blank check company Dynamix Corporation. Andrew Keys, the co-founder and chairman of the new company, has committed about $645 million in an anchor investment. The entity is backed by crypto investors 10T Holdings, Electric Capital, Pantera Capital and more. Once the merger is complete, it will trade under the ticker ETHM.The company is the…
A flurry of dealmaking could be a catalyst for QXO , according to RBC Capital Markets. The firm initiated coverage of the building products stock with an outperform rating and a $33 per share price target. RBC’s forecast implies about 53% upside from Friday’s close. Analyst Mike Dahl said QXO could pursue an array of potential deals, with some being on the larger side. QXO YTD mountain QXO stock in 2025. “We think the M & A pipeline includes a handful of potential large deals ($5 BN+) and many smaller to mid-sized targets. We est. QXO can deploy ~$3 BN/yr…
Treasury Secretary Scott Bessent on Monday suggested a review of the Federal Reserve that would go beyond the current controversy over building renovations and look at its overall function.”What we need to do is examine the entire Federal Reserve institution and whether they have been successful,” Bessent said during an interview on CNBC’s “Squawk Box.” “Has the organization succeeded in its mission? If this were the [Federal Aviation Administration] and we were having this many mistakes, we would go back and look at why has this happened.”The comments come amid an intensifying conflict between the White House and the central…
Michael Intrator, Founder & CEO of CoreWeave, Inc., Nvidia-backed cloud services provider, reacts during the company’s IPO at the Nasdaq Market, in New York City, U.S., March 28, 2025. Brendan Mcdermid | ReutersCoreWeave stock rose more than 1% after the renter of artificial intelligence data centers said it plans to sell $1.5 billion worth of bonds.The company said in a release that the notes, due in 2031, will use the capital for general purposes, such as paying off debt.In May, the company announced a $2 billion debt offering plan that sent shares soaring 19%. At the time, CNBC confirmed that the…
Britain said on Monday it would overhaul water regulation to better protect the environment, investors and consumers, after an official report recommended a new structure that could also ease up on pollution fines to prevent companies from collapsing. The privatised water industry in England and Wales has provoked public fury by releasing record levels of sewage into rivers and lakes, prompting the Labour government to promise major reforms when it was elected last year. Symbolising the failure of the sector, Thames Water, the country’s biggest water supplier with 16 million customers and 17 billion pounds ($23 billion) of debt, is…
(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.) Investors are looking for opportunities in a midcap industrial name and the financial sector. They are also looking for a way to navigate megacap tech earnings. Worldwide Exchange Pick: IEX Drew Pettit of Citi likes Idex as a way to play the spending bill President Donald Trump recently signed into law. “Idex is a small and midcap industrial company, pump valve and metering name that plays to a lot of secular themes like…
Check out the companies making headlines before the bell. Alaska Air Group — Shares popped 1% after the airline carrier resumed its operations late Sunday. Thanks to an IT outage, Alaska Airlines had grounded all of its flights for around three hours. Block — The fintech stock surged 10% as it prepares to officially join the S & P 500 before the opening of trading on July 23. Block will replace Hess, which has been acquired by Chevron. Pinterest — Shares of the social media company jumped more than 5% after Morgan Stanley analyst Brian Nowak upgraded the stock to…
A FlexJet Gulfstream G450 airplane approaches San Diego International Airport for a landing on May 9, 2025 in San Diego, California.Kevin Carter | Getty Images News | Getty ImagesAn investment group led by LVMH’s private equity arm is buying 20% of private jet company Flexjet, marking the latest push by the luxury industry to expand into travel.L Catterton, the private equity firm backed French luxury giant LVMH, is leading an $800 million investment in Flexjet that will also include brand partnerships and collaborations. The investment group also includes affiliates of KSL Capital Partners and the J Safra Group. Flexjet will…
