In this photo illustration, the logo for the US tech firm “Block” is displayed and reflected in a number of digital screens on March 03, 2023 in London, England. Leon Neal | Getty ImagesBlock shares jumped 7% on Monday after S&P Global said the company will join the S&P 500, replacing Hess, which was acquired by Chevron’s for $54 billion.The stock rose following the announcement late Friday as investors sought to get in ahead of index fund managers, who will need to buy shares to mimic the changes. Square’s $48 billion market cap at Monday’s close places it well above the…
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Stocks such as Chipotle Mexican Grill and Southwest Airlines are among the names that could see sharp movements this week on the back of their latest earnings. The second-quarter earnings season seems to be off to a good start, with 12% of the S & P 500 ‘s components already reporting results. Of these companies, about 85% have posted a positive earnings surprise, according to FactSet. Looking ahead, CNBC Pro screened for stocks that could outperform this week in response to their latest quarterly results, specifically by examining forecast moves based on their actions in the options market. Below is…
Bond investors still have one of the most attractive entry points in decades to generate portfolio income, according to Vanguard. Though off their highs of the year, yields have remained elevated across the Treasury and credit markets. The 10-year Treasury yield is currently around 4.4% and the Vanguard Total Bond Market ETF (BND) , which provides broad exposure to the taxable investment-grade U.S. market, has a 30-day SEC yield of 4.39%. Bond yields move inversely to prices. BND YTD mountain Vanguard Total Bond ETF year to date Fixed income has also been a stabilizer to portfolio performance this year thanks…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailPower LunchCNBC’s Robert Frank reports on news regarding private equity’s investment in the private flight industry.01:5923 minutes agoRobert Frank Source link
(This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Josh — We’re writing up stocks here all the time and doing our best to identify set-ups with either a strong ongoing trend, a technical catalyst on the horizon or something fundamental we think deserves exploring. While many of our stock write-ups have resulted in singles and doubles so far this summer, they don’t all cooperate. Today, we’re going to follow up on two names we’ve recently talked about that are still on the list, but in danger…
Jordi Vidal | Redferns | Getty ImagesAstronomer CEO Andy Byron’s controversy went so viral that it sparked millions of dollars in bets on prediction markets over his resignation.On July 16, Bryon was caught on camera hugging his human resources director Kristin Cabot on a kiss cam during a Coldplay concert with the two quickly ducking for cover. The footage suddenly grabbed global attention and attracted significant activity on popular prediction platforms Kalshi and Polymarket.By the following day, Kalshi was pricing in a probability as high as 65% that Byron would leave as Astronomer CEO this month. On Polymarket, the odds of…
A cutout of US President Donald Trump holding a Bitcoin is displayed on a group of servers during The Bitcoin Conference at The Venetian Las Vegas in Las Vegas, Nevada, on May 27, 2025.Ian Maule | Afp | Getty ImagesTrump Media and Technology Group said Monday it has accumulated roughly $2 billion in bitcoin and related assets, as President Donald Trump’s highly lucrative pivot to crypto continues to grow his net worth while in office.The bitcoin holdings now account for about two-thirds of Trump Media’s total liquid assets, the company said in a press release.Trump Media shares popped as high…
Chris Martin of Coldplay performs live at San Siro Stadium, Milan, Italy, in July 2017.Mairo Cinquetti | NurPhoto | Getty ImagesAstronomer’s interim CEO said in his first public comment since unexpectedly taking over the role on Saturday that he hopes to move the tech startup past the viral moment that captured national attention last week.Pete DeJoy was appointed to the top job due to the resignation of CEO Andy Byron, days after he was caught on video in an intimate moment with the company’s head of human resources at a Coldplay concert. Astronomer said over the weekend that it would begin…
Marco Pistoia, Global Technology’s Head of Applied Research and Engineering at JP Morgan.Source: JP MorganJPMorgan Chase has overhauled the leadership of its internal research group responsible for quantum computing and other forms of advanced technology, hiring a State Street executive, CNBC has learned.Marco Pistoia, the former IBM inventor who became head of JPMorgan’s applied research group in 2020, has recently left the bank, according to a person briefed on the matter, who declined to be identified speaking about personnel.That group conducted research into how emerging technologies including quantum computing and communications, blockchain, computer vision and networking could solve problems in…
As the restaurant industry aims to lure frugal consumers with discounts and deals, Domino’s Pizza thinks it can steal diners from its competitors.”I think the industry headwinds are actually tailwind for us. Meaning, of course, they’re headwinds, but we’re going to gain [market] share during this time frame,” CEO Russell Weiner told CNBC on Monday.Domino’s on Monday reported U.S. same-store sales growth of 3.4%, topping StreetAccount estimates of a 2% increase. The chain’s first-ever stuffed crust pizza, which was introduced in March, boosted sales, but so did the deals Domino’s offered. Executives said that Domino’s grew sales across all income…
