These are some of the stocks posting the largest moves in midday trading. Source link
Author: usaeverydaylife
Chatters about a breakup at consumer giant Kraft Heinz are spurring speculation among Wall Street analysts that its largest institutional investor Berkshire Hathaway may start dumping the underperforming stock. The Wall Street Journal reported Friday Kraft Heinz may split its grocery business, including many Kraft products, into a new entity valued at up to $20 billion. Such a split, which would leave the company with products such as its namesake Heinz ketchup, could be finalized in the next few weeks, the Journal reported. “As announced in May, Kraft Heinz has been evaluating potential strategic transactions to unlock shareholder value,” a…
Meta CEO Mark Zuckerberg appears at the Meta Connect event in Menlo Park, California, on Sept. 25, 2024.David Paul Morris | Bloomberg | Getty ImagesMeta CEO Mark Zuckerberg on Monday said he plans to invest “hundreds of billions of dollars” into artificial intelligence compute infrastructure, and that Meta plans to bring its first supercluster online next year.A supercluster is a large, complex computing network that’s designed to train advanced AI models and handle their workloads. “Meta Superintelligence Labs will have industry-leading levels of compute and by far the greatest compute per researcher,” Zuckerberg wrote in a Facebook post on Monday.…
It’s time to move to the sidelines when it comes to Rivian , according to Guggenheim. The investment firm downgraded the electric vehicle stock to neutral from buy. Analyst Ronald Jewsikow simultaneously removed his prior price target of $16 on the stock. One reason for the downgrade, Jewsikow said, was softer long-term sales assumptions of Rivian’s R2 and R3 models, given weakness in R1 revenue. Incentive changes for electric vehicles, including the loss of tax credits following the passage of President Donald Trump’s spending bill, are also a clear obstacle for Rivian. RIVN YTD mountain RIVN YTD chart “While we…
Ultium Cells Spring Hill, TN. September 2022.Courtesy: Ultium Cells LLCUltium Cells, a joint venture between General Motors and LG Energy Solution, said Monday it’s upgrading its facility in Spring Hill, Tennessee, to make low-cost electric vehicle battery cells.GM said the lithium iron phosphate battery cells — abbreviated LFP based on the elements’ chemical symbols — could be significantly cheaper than battery packs used in some EVs, in part because they don’t require expensive minerals like cobalt and nickel that are used in standard lithium-ion batteries.”This upgrade at Spring Hill will enable us to scale production of lower-cost LFP cell technologies…
Holland Women huddle during the Euro 2025 match against France at the St Jakob Park on July 13, 2025 in Basel, Switzerland.Soccrates Images | Getty Images Sport | Getty ImagesThe ongoing boom in women’s soccer is delivering a tourism spending boost to Switzerland this summer, as international visitors descend for the Euro 2025 tournament.The number of travelers to Switzerland increased 12% year-on-year over the first week of the competition, according to figures shared exclusively with CNBC by payments giant Visa based on its cardholders. Visitor numbers from Germany, Poland and the Netherlands jumped 25%, arrivals from the U.K. rose 20%,…
Progressive is poised for significant Q2 EPS growth year over year, driven by reduced catastrophe losses, increased favorable reserve development, continued growth in investment income and a slightly improved underlying loss ratio. However, the company may encounter challenges in the second half of the year due to increased competition and rising loss costs. Analyst projections for consolidated Q2 premium growth, around 13%, appear optimistic, given that April and May already reported approximately 11%. While monthly consolidated underlying loss ratios have consistently improved, June presents a more difficult comparison. Despite this, the margin is expected to remain above its 2013-19 average,…
It’s a simple question without an easy answer: “What should I do with my life?””Most of us struggle with this our whole lives,” writes Suzy Welch in the introduction to her recent book, “Becoming You: The Proven Method for Crafting Your Authentic Life and Career.” Her goal — as it is in the similarly named course she teaches at NYU Stern School of Business — is to help people answer this “pesky” question. CNBC Make It tends to draw an audience of young professionals who want to be smarter, more successful, and happier with their work, money, and lives. That’s why…
Evercore ISI is less bullish going forward when it comes to Procter & Gamble . The investment firm downgraded shares of the household and personal care company to an in line rating from outperform. Analyst Robert Ottenstein’s new price target of $170, down from $190, represents an 8% upside from the stock’s Friday close. The biggest current obstacle for Procter & Gamble comes from consumers increasingly buying more goods from Amazon, Evercore said. Although the company is performing well in traditional brick-and-mortar stores such as Walmart and Costco, Evercore ISI’s research points to relative share losses in Amazon. This is…
It’s time to move to the sidelines when it comes to Rivian , according to Guggenheim. The investment firm downgraded the electric vehicle stock to neutral from buy. Analyst Ronald Jewsikow simultaneously removed his prior price target of $16 on the stock. One reason for the downgrade, Jewsikow said, was softer long-term sales assumptions of Rivian’s R2 and R3 models, given weakness in R1 revenue. Incentive changes for electric vehicles, including the loss of tax credits following the passage of President Donald Trump’s spending bill, are also a clear obstacle for Rivian. RIVN YTD mountain RIVN YTD chart “While we…
