[The stream is slated to start at 9:40 a.m. ET. Please refresh the page if you do not see a player above at that time.]Secretary of Energy Chris Wright will deliver a keynote address Monday at S&P Global’s CERAWeek energy conference in Houston, Texas.Wright’s remarks come as President Donald Trump has abandoned the Biden administration’s focus on climate change and the expansion of renewables to focus on boosting fossil fuel production.Trump declared a national energy emergency on his first day in office, directing federal agencies to expedite the oil, gas and nuclear projects.Wright is member of Trump’s National Energy Dominance…
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U.S. President Donald Trump speaks to reporters as White House Press Secretary Karoline Leavitt stands by him aboard Air Force One on his return to Washington, D.C., U.S., March 9, 2025. Kevin Lamarque | ReutersPresident Donald Trump has dismissed the growing chorus of CEOs, investors and policymakers who are pleading with the White House for greater clarity about his sweeping tariff agenda.”They always say that. ‘We want clarity,'” Trump said in a Fox News interview that aired Sunday.”They have plenty of clarity,” the president told “Sunday Morning Futures” host Maria Bartiromo.Appeals to the White House from the business community to provide…
Adriana Kugler, member of the Board of Governors of the US Federal Reserve, speaks on the economy in Washington, DC, US, on Wednesday, Feb. 7, 2024. Al Drago | Bloomberg | Getty ImagesInflation could prove sticky while prices might pick up again, Federal Reserve Governor Adriana Kugler warned, signaling that the U.S. central bank should keep interest rates steady for the time.”I’m actually quite concerned about some of the persistence in inflation that we have been seeing,” she told CNBC’s Silvia Amaro during a fireside chat at the Conference on Monetary Policy Transmission and the Labor Market on Friday.She pointed to…
Jamie Dimon, CEO of JPMorgan Chase, leaves the U.S. Capitol after a meeting with Republican members of the Senate Banking, Housing and Urban Affairs Committee on the issue of debanking on Thursday, February 13, 2025. Tom Williams | Cq-roll Call, Inc. | Getty ImagesFor years, American financial companies have fought the Consumer Financial Protection Bureau — the chief U.S. consumer finance watchdog — in the courts and media, portraying the agency as illegitimate and as unfairly targeting industry players.Now, with the CFPB on life support after the Trump administration issued a stop-work order and shuttered its headquarters, the agency finds itself…
Airbnb shares could rebound as the company accelerates its bookings growth and launches new products, according to Jefferies. Analyst John Colantuoni upgraded shares to buy from hold and increased his price target by $20 to $185, which suggests the stock can gain more than 37% from its latest close. This year, the stock is up 2.3% — outperforming the broader market and making a slight recovery from its 18.5% loss over the past 12 months as investors remain impressed by the Airbnb’s stronger-than-expected fourth-quarter earnings . “ABNB’s attractive growth, impressive free cash flow generation, and large competitive moat justify a…
Here are the biggest calls on Wall Street on Monday: UBS reiterates Tesla as sell UBS lowered its price target on Tesla to $225 per share from $259. “We are lowering our 1Q25 delivery forecast to 367k from the 437k we plugged in as a placeholder post 4Q24 results.” Jefferies upgrades Airbnb to buy from hold Jefferies said it sees “durable growth” for the online vacation rental company. “We believe lodging share gains will be augmented by increased adoption of experiences, an opportunity ABNB is uniquely well positioned to capture.” Morgan Stanley reiterates Nvidia as overweight The firm said it’s…
Iran has signaled that it is open to talks about its nuclear program with the United States if they are restricted to military concerns, a day after the country’s supreme leader had appeared to reject an overture from President Trump to hold discussions. “If the objective of negotiations is to address concerns vis-à-vis any potential militarization of Iran’s nuclear program, such discussions may be subject to consideration,” Iran’s mission to the United Nations said in a social media post on Sunday.It was unclear if the comments represented a shift in policy after Ayatollah Ali Khamenei, Iran’s supreme leader who has…
Truist Securities is taking a bite out of Cracker Barrel as the restaurant brand’s turnaround plan begins to take off. Analyst Jake Bartlett upgraded the company to buy from hold and increased his price target on shares by $4 to $55, which suggests 28.4% potential upside. “CBRL is still very early in its turnaround, but solid results in the last 2 quarters gives us confidence in a sustained improvement, which does not appear reflected in valuation,” Bartlett said in a note to clients. “You don’t have to believe in the full turnaround to see upside in the stock.” The stock…
A Redfin sign in front of a home for sale in Atlanta, Georgia.Elijah Nouvelage | Bloomberg | Getty ImagesRocket Companies said on Monday it would acquire real estate firm Redfin in an all-stock deal valued at $1.75 billion.Redfin’s shares rose about 70% before the bell.Founded in 2004, Redfin provides residential real estate brokerage and mortgage origination services along with reports on the U.S. housing market.The deal is expected to close in the second or third quarter, Detroit-based fintech Rocket said.Rocket shareholders will own about 95% of the combined company on a fully diluted basis, while Redfin shareholders will own the…
Medical bottles and syringe are seen with Novo Nordisk logo displayed on a screen in the background.Nurphoto | Nurphoto | Getty ImagesShares of Novo Nordisk fell on Monday, after the Danish pharmaceutical giant said its next-generation weight-loss drug CagriSema helped obese or overweight adult patients with type 2 diabetes drop 15.7% of their weight after 68 weeks.The company’s stock was down 5.4% at 11:22 a.m. London time.Novo Nordisk, which manufactures the fiercely popular weight-loss drug Wegovy, previously forecast weight loss of 25% for patients who take CagriSema. In another late-trial result published in December, the company found CagriSema helped patients…
