Check out the companies making headlines in midday trading: Tesla — Shares jumped more than 10% after Tesla rolled out its robotaxi service in Austin, Texas, over the weekend. Wedbush analyst Dan Ives said a ride in the taxi exceeded his expectations . However, some analysts were more reserved. Northern Trust — Shares rose 7% after The Wall Street Journal, citing people familiar with the matter, reported that Bank of New York Mellon approached Northern Trust last week to convey interest in a merger between the two rivals. The report also said BNY is considering its next steps, which could…
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U.S. intelligence found that Iran did not move nuclear material from its Fordo facility before American bombers blasted that site, despite a report to the contrary, Sen. Markwayne Mullin said Monday.”They are claiming that they moved some material,” Mullin said, referring to Israel and Iran, respectively. “Our intelligence report says they didn’t,” the Oklahoma Republican said in an interview on CNBC’s “Squawk Box.” “In fact, we actually believe they stored more of it in Fordo because they believe Fordo was impenetrable,” said Mullin, a member of the Senate Armed Services Committee. “They thought it was a safe place to be.”But,…
Wall Street closely watched Tesla ‘s robotaxi launch in Texas over the weekend. The electric vehicle maker invited a select group to ride the autonomous cars around Austin on Sunday. The event is considered a major milestone as some have pointed to driverless cars as the future of the business, which they in turn say makes the stock worthy of lofty valuations. Tesla shares jumped nearly 10% in Monday morning trading as investors reacted to the event. The stock has now surged around 37% in the second quarter, though shares have still fallen more than 12% in 2025. TSLA YTD…
Tech stocks have acted like a stock market safe haven at various times in recent years when volatility went up, such as during the Covid pandemic. But a recent slide in the tech stock often considered to be the safest of all, Apple, has raised questions about that role for the market’s leading sector.As of last week, Apple was a notable underperformer, down 0.6% over the past two months (approximately 40 trading sessions), according to CNBC research, and down 6% over the three-month period through June 20, according to Morningstar.But that doesn’t mean tech hasn’t bounced back strongly from the…
An Atlas V rocket of United Launch Alliance (ULA) lifts off from Space Launch Complex 41 at the Kennedy Space Center in Cape Canaveral, Florida on June 23, 2025. Gregg Newton | Afp | Getty ImagesAmazon’s second batch of Kuiper internet satellites reached low Earth orbit on Monday, adding to its plans for a massive constellation and ramping up competition with SpaceX’s Starlink.A United Launch Alliance rocket carrying 27 Kuiper satellites lifted off from a launchpad at the Cape Canaveral Space Force Station in Florida at 6:54 a.m. ET, according to a livestream.”We have ignition and lift off of United…
The technology sector has been a primary driver of the U.S. stock market’s rally in recent years, propelled by optimism surrounding artificial intelligence (AI) and semiconductor demand. However, several technical indicators now suggest overbought conditions, signaling potential risks to the rally. Is it time once again to initiate some hedging strategies? Are technology stocks overbought? Technology stocks, particularly megacap firms such as Nvidia , Broadcom and Microsoft , have driven market gains in 2025. The Technology Select Sector SPDR Fund (XLK) rose 9% in May, outpacing broader indices. In the second quarter, XLK is up nearly 17%, while the S…
A for sale sign is displayed near a home on April 24, 2025 in Austin, Texas.Brandon Bell | Getty Images News | Getty ImagesSales of previously owned homes rose very slightly in May, up 0.8% from April, to a seasonally adjusted, annualized rate of 4.03 million units, according to the National Association of Realtors. Housing analysts had been predicting a 1% decline. Sales were 0.7% lower than May of last year.Sales were strongest in the Northeast, up 4.2% month-to-month. They also rose in the Midwest and South, but they fell in the West, down 5.4%. The West is the most…
A Tesla Inc. robotaxi on Oltorf Street in Austin, Texas, US, on Sunday, June 22, 2025. TTim Goessman | Bloomberg | Getty ImagesTesla’s driverless robotaxi finally hit the road this weekend, sending shares of the electric vehicle maker up about 5% on Monday.The EV giant debuted autonomous rides in Austin, Texas, on Sunday, opening the service to a limited number of riders by invitation only. CEO Elon Musk said in a post on social media platform X that customers were charged a flat fee of $4.20.”Super congratulations to the @Tesla_AI software & chip design teams on a successful @Robotaxi launch!!…
Check out the companies making headlines before the bell. Northern Trust – Shares rose more than 6% after the Wall Street Journal, citing people familiar with the matter, reported that Bank of New York Mellon approached Northern Trust last week to convey interest in a merger between the two rivals. The report also said that BNY is considering its next steps, which could include a formal bid to Northern Trust. However, the people cautioned that the talks might not result in a deal. Fiserv — Shares of the financial services firm jumped almost 5% after it revealed plans to broaden…
Deutsche Bank moved off the sidelines on Estee Lauder , citing improved business fundamentals. Analyst Steve Powers upgraded shares of the fragrance and personal care product stock to buy from hold. Powers also lifted his price target by $24 to $95, which now implies 26.3% upside from Friday’s close. With the increase, Powers holds the highest price target for the stock on Wall Street, per LSEG. Still, the average price target from analysts implies shares can decline more than 10% over the next year. He’s also one of only a few bullish analysts on the Street, with the majority of…
