Check out the companies making the biggest moves midday: MP Materials — The rare earth miner soared more than 47% after the company announced the Defense Department would buy $400 million in preferred stock . “We remain a thriving public company. We now have a great new partner in our economically largest shareholder, DoD, but we still control our company. We control our destiny. We’re shareholder driven,” CEO James Litinsky told CNBC’s “Squawk on the Street.” Delta Air Lines — Shares advanced 11% after the airline reinstated its 2025 profit outlook , and second-quarter revenue and net income exceeded analyst…
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ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailChristian Vernet, La Compagnie CEO, joins ‘Money Movers’ to discuss the increase in demand for luxury travel, earnings and impact of a weaker dollar. Source link
Boxes are selected on a conveyor belt during Cyber Monday at Amazon’s fulfillment center in Robbinsville, New Jersey, U.S., December 2, 2024. Eduardo Munoz | ReutersDaphnee Poteau, a Haitian who came to the U.S in 2023, began working for Amazon last year at a returns center in Indianapolis. While packing up boxes, she met her husband Kristopher Vincent, who’s been at the site, known as IND8, since 2013.Last month, Poteau was contacted by the Department of Homeland Security, after the Trump administration canceled humanitarian immigration programs that allowed participants to live and work legally in the U.S. for two years while applying for…
Halfpoint Images | Moment | Getty ImagesPresident Donald Trump’s signature on his so-called “big beautiful bill” was a death blow for tax credits that lowered the cost of electric vehicles.Those tax credits — worth up to $7,500 and $4,000 for purchases of new and used EVs, respectively — won’t be available after Sept. 30. Another tax break that’s ending lets dealers pass along savings on EV leases.The credits were supposed to last for another seven years, through 2032.Analysts think the abrupt end to these federal subsidies will trigger a rush by consumers to buy or lease an EV in coming…
(This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Josh here — When Lucid Motors began developing the Lucid Air luxury EV, they realized that speed to market would be important. This led to the obvious realization that in order to move quickly and efficiently, they would need to carry out a lot of simulation. Lucid turned to a company called Ansys (ANSS) for thermal management, battery safety, and aerodynamics simulations for its new vehicle, enabling faster prototyping and accelerating the time to market. Apple and Qualcomm…
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. 1. Wall Street was mixed Thursday, with the S & P 500 higher and the Nasdaq lower. Modest moves in the indexes again masked a rotation out of higher-multiple stocks into lower-multiple ones. It’s why Dover and DuPont , both lower-multiple Club stocks, were getting a look, and higher-multiple names like CrowdStrike and Broadcom were getting hit. We recently trimmed CrowdStrike and Broadcom after big gains. Cramer said that Thursday’s trading is why he wants…
Tesla CEO Elon Musk attends an opening ceremony for Tesla China-made Model Y program in Shanghai, China, on Jan. 7, 2020.Aly Song | ReutersTesla CEO Elon Musk said the company is expanding its robotaxi service area and bringing xAI’s Grok to vehicles as it rolled out a new iteration of the artificial intelligence chatbot.Shares gained about 3%.Musk said on X that Grok, his AI chatbot that praised Adolf Hitler and posted a barrage of antisemitic comments recently, will be available in Tesla vehicles “next week at the latest.”xAI officially launched the Grok 4 update overnight as the company continued to…
Cranes unload the cargo of Panamanian flagged bulk carrier Star Taishan at the Port of Rio Grande, southern Brazil, on May 6, 2025. Silvio Avila | AFP | Getty Images Just this morning Singapore time, U.S. President Donald Trump said that the 50% tariff on copper imports, which he announced earlier on Tuesday, will begin on Aug. 1.On Wednesday, Trump posted a fresh slate of tariff letters on goods from at least seven more countries, including Mexico, the no. 1 importer of goods to the U.S., Philippines, Brunei and Sri Lanka. But the president took a few steps further with Brazil…
The health care sector, as represented by the Health Care Select Sector SPDR ETF (XLV) , has significantly underperformed the S & P 500 over the past several years, trailing by 58% from the pre-pandemic February 2020 highs through the beginning of this week. It has also underperformed by 23.7% since the recent “liberation day” tariff-induced lows on April 8. This underperformance is the widest margin in decades over a similar period. The results of this weakness are that health care stocks are trading at a substantial discount, with the sector’s 2025 forward price-to-earnings (P/E) ratio at 14 compared to…
The adoption of artificial intelligence tools is increasing at a rapid pace but remains far from ubiquity, providing more fuel for the AI trade to keep rallying. A string of recent data shows that businesses and consumers in the U.S. are increasingly using generative AI to help complete more tasks and address inquiries more quickly and efficiently. That bodes well for investors who own stocks across the AI trade — ranging from chipmakers to data center suppliers to companies that help electricity get made — because it suggests the hype on Wall Street is backed up by real-world embrace of…
