Circle Internet Group Initial Public Offering at the New York Stock Exchange in New York City, U.S., June 5, 2025. NYSEShares of Circle continued to climb on Friday as investors cheered the Senate approval of its proposed stablecoin legislation, the GENIUS Act.The stock was up nearly 17% in premarket trading as excitement continued to build. The bill passed the Senate Tuesday and now heads to the House of Representatives. Shares rose 33% on Wednesday on the news. The market was closed Thursday for the Juneteenth holiday.Circle is on pace to end the week higher by almost 50%. It has rocketed…
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Federal Reserve Governor Christopher Waller speaks during The Clearing House Annual Conference in New York City on Nov. 12, 2024.Brendan Mcdermid | ReutersFederal Reserve Governor Christopher Waller said Friday that he doesn’t expect tariffs to boost inflation significantly so policymakers should be looking to lower interest rates as early as next month.In a CNBC interview, the central banker said he and his colleagues should move slowly but start to ease as inflation is now longer a major economic threat.”I think we’re in the position that we could do this and as early as July,” Waller said during a “Squawk Box”…
Customers enter an Olive Garden restaurant in Pittsburg, California, US, on Friday, Dec. 9, 2022.David Paul Morris | Bloomberg | Getty ImagesDarden Restaurants on Friday beat Wall Street’s earnings and revenue estimates, while the Olive Garden parent predicted solid growth for fiscal year 2026.Shares of Darden rose more than 2% in premarket trading Friday.Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:Earnings per share: $2.98 adjusted vs. $2.97 expectedRevenue: $3.27 billion vs. $3.26 billion expectedDarden reported fiscal fourth-quarter net income of $303.8 million, or $2.58 per share, compared with…
Wells Fargo sees a rosy outlook ahead for Mondelez International . The bank upgraded the Oreo and Cadbury manufacturer to overweight rating from equal weight. Analyst Chris Carey’s price target of $78 — up from $68 — implies upside of nearly 18%. “We view MDLZ as one of the best execution stories in Staples, with potential to deliver superior long-term growth, driven by share gains in developed market, white space opportunities in developing markets, and a proactive M & A strategy,” Carey wrote. “While the company is confronting historical inflation in 2025, 1) pricing execution has been strong, 2) inflation…
Greenland’s minister for business and mineral resources Naaja Nathanielsen speaks during an interview with AFP in her office in Nuuk, Greenland, on March 6, 2025.Odd Andersen | Afp | Getty ImagesGreenland has little interest in harnessing its massive resource potential to become a top mining country.The world’s largest island has been thrust into the geopolitical spotlight in recent months, with U.S. President Donald Trump repeatedly saying that Washington should control the autonomous Danish territory — even refusing to rule out the use of military or economic force.Trump’s pursuit of Greenland comes as mining executives describe the race for the Arctic…
KANANASKIS, ALBERTA – JUNE 16: U.S. President Donald Trump walks out to talk to reporters at the G7 Leaders’ Summit on June 16, 2025 in Kananaskis, Alberta. Chip Somodevilla | Getty Images News | Getty ImagesTop U.K., France and Germany diplomats are pushing for eleventh-hour diplomacy with Iran in Geneva on Friday, as Washington weighs the possibility of joining Israel’s military campaign against Tehran over the next two weeks.Iran and Israel have been trading fire for the past week, in the latest climax of tensions that have been simmering since the Tehran-backed Hamas’ terrorist attack against the Jewish state in…
Wedbush’s Dan Ives believes that Tesla “remains the most undervalued AI play in the market today” and could roughly double its value by the end of next year. In a Friday note, the analyst reiterated his outperform rating and $500 price target on the electric vehicle maker. Shares of Tesla closed at $322.05 on Wednesday, meaning that Ives’ forecast signals upside of more than 55%. Tesla has struggled this year, plunging more than 20%. TSLA YTD mountain TSLA YTD chart Still, Ives remains bullish on the stock, noting that the “golden era of autonomous for Tesla” officially begins Sunday in…
Cranes surround one of the two reactors being constructed at Hinkley Point C on September 27, 2024 in Bridgwater, England.Anna Barclay | Getty Images News | Getty ImagesU.S. asset management giant Apollo is set to provide a £4.5 billion ($6 billion) loan to plug a shortfall facing U.K. nuclear project Hinkley Point.The deal was first reported by the Financial Times on Friday and supported by two sources speaking to CNBC on condition of anonymity because of the sensitivity of the matter.Construction of the Hinkley Point C plant, the first nuclear power station to be built in Britain in decades, has been delayed multiple times…
Aggressive U.S. immigration policies could mean trouble for Jack in the Box , according to Stifel. The investment firm downgraded shares of the fast-food restaurant chain to hold from buy. Analyst Chris O’Cull also lowered his price target to $20 per share from $32, implying 17% upside. O’Cull said President Donald Trump’s aggressive immigration policies will likely create a significant sales headwind, with unrest and fears of deportation further squeezing the stock. The analyst noted that Jack in the Box is significantly more popular with Hispanic consumers in particular, versus other quick service restaurants. “With a heavy concentration of JIB…
Apollo to supply £4.5 billion loan to UK nuclear projectCranes surround one of the two reactors being constructed at Hinkley Point C on September 27, 2024 in Bridgwater, England.Anna Barclay | Getty Images News | Getty ImagesU.S. asset management giant Apollo is set to provide a £4.5 billion ($6 billion) loan to plug a shortfall facing U.K. nuclear project Hinkley Point.The deal was first reported by the Financial Times on Friday and supported by two sources speaking to CNBC on condition of anonymity because of the sensitivity of the matter.The deal would be among the biggest private capital investments in a project of U.K. national interest.Read…
