Check out the companies making headlines in premarket trading. Trump Media & Technology — Shares rose more than 1%, extending the 11% gain from Friday. The stock jumped by as much as 25% in the previous session after Republican nominee and majority owner Donald Trump said he’s “not selling” his stake at a press conference at his California golf club Friday afternoon. Following his comments, trading was halted twice during that session due to volatility. Upstart Holdings — The personal finance stock fell more than 4% after Upstart announced a $300 million debt offering . The company said it will…
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Here are the biggest calls on Wall Street on Monday: Evercore ISI reiterates Alphabet as outperform Evercore says it’s sticking with shares of the search giant. “We maintain our Outperform on GOOGL , tho we are lowering our PT from $225 to $200 as we believe probable medium-term uncertainty over the DOJ anti-trust trials and their likely remedies will limit the potential for any near-or-medium-term material re-rating. Morgan Stanley reiterates Micron as equal weight Morgan Stanley lowered its price target on the stock to $100 per share from $140. “Despite concerns we still believe the overall fundamental trajectory at Micron…
Here are the most important news items that investors need to start their trading day:1. The Fed’s upJerome Powell at Jackson Hole on August 23, 2024. David A. Grogan | CNBCThe long-awaited Federal Reserve interest rate cut may finally arrive this week. The central bank’s policymakers are set to announce Wednesday whether they will ease policy after inflation and job growth started to slow in recent months. Heading into the week, traders are pricing in a 59% chance that the central bank will cut its target rate by 0.5 percentage points, according to the CME FedWatch tool. The key decision comes…
Floods brought on by days of heavy rainfalls have been ravaging countries including Poland, Romania, the Czech Republic and Austria, with thousands of people being evacuated as the death toll rises.Austrian Chancellor Karl Nehammer on Monday said in a post on social media platform X, that was translated by CNBC, that two more people had died following floods in the country. This is in addition to a firefighter who died Sunday.Over the weekend, Reuters also reported several deaths in Poland and Romania, while Czech media agency CTK reported one death and several missing people. CNBC could not immediately independently verify…
A man walks past a Bajaj motorcycle dealer shop, in Mumbai, India, 23 October, 2023. Niharika Kulkarni | Nurphoto | Getty ImagesShares of India’s Bajaj Housing Finance more than doubled Monday on their market debut, reflecting strong demand from investors looking to play the country’s growing real estate sector.The company’s shares, which debuted on the National Stock Exchange, surged to as much as 161 rupees apiece, jumping about 130% from the top end of their IPO pricing of 70 rupees. Bajaj Housing Finance’s blockbuster IPO last week drew bids worth $39 billion, with shares being oversubscribed nearly 64 times. The company raised…
(This is CNBC Pro’s live coverage of Monday’s analyst calls and Wall Street chatter. Please refresh every 20-30 minutes to view the latest posts.) A tech giant and an energy name were among the stocks being talked about by analysts on Monday. Evercore ISI lowered its price target on Alphabet to $200 from $225 , citing antitrust worried. Meanwhile, Barclays initiated GE Vernova with an overweight rating. Check out the latest calls and chatter below. All times ET. 6 a.m.: KeyBanc sees 30% upside ahead for Spotify Spotify could see big gains ahead, according to KeyBanc. The firm reiterated its…
People walk along the Huguosi street, Xicheng district, a dedicated food street in Beijing on August 23, 2024. Adek Berry | AFP | Getty ImagesSINGAPORE — Following a slew of data released over the weekend from China that painted a fairly bleak outlook for its economy, analysts have tapered their expectations for the country’s full year GDP growth.”There hasn’t been much good news in this latest round of data, and this has been the pattern for the last few months,” said Eswar Prasad, professor of international trade and economics at Cornell University, on CNBC’s “Street Signs Asia” on Monday.”Both the long…
There are times when the market’s desires and intentions are inscrutable. In other moments, the tape is pretty transparent in what it believes it wants — such as right now. The recent action suggests that stocks crave reassurance that the economy is steering clear of the ditch, Treasury yields will not nosedive further, the AI-investment theme still has runway and inflation is bee-lining toward 2% convincingly enough that a flexible Federal Reserve can be bold in easing policy before falling behind softening fundamentals. The market’s turn toward treating good economic news as positive for stocks is pictured here in a chart…
Law enforcement officers stand after reports of shots fired outside Republican presidential nominee and former U.S. President Donald Trump’s Trump International Golf Course in West Palm Beach, Florida, U.S. September 15, 2024. Marco Bello | ReutersNews of an apparent assassination attempt on former U.S. president Donald Trump has taken China’s heavily censored social media by storm, prompting conspiracy theories and a mockery of the U.S. political landscape. The Republican nominee was unharmed, and a suspect was taken into custody after shots were fired on Sunday in what the Federal Bureau of Investigation said “appears to be an attempted assassination” at Trump’s Florida…
Thierry BretonThierry Monasse | Getty Images News | Getty ImagesFrench European Commissioner Thierry Breton on Monday said he would step down as a member of the EU executive body over a rift with Commission President Ursula von der Leyen, alleging that she had asked Paris to withdraw his candidacy.Von der Leyen is finalizing her list of commissioners for her second term leading the governing body, due to be presented to the public this week.Breton, a former business executive, was the EU’s industry and internal market commissioner during her first term, overseeing many of the bloc’s most important policies, ranging from…
