Day: July 16, 2024
Morgan Stanley hikes price targets for Asian stocks it says will benefit from greater iPhone demand
Increased shipments of Apple’s iPhones will be a key “volume driver” for the supply chain, according to Morgan Stanley. Consumers have been replacing their iPhones less often — an average of every five years from 3.7 years in 2021, according to the bank. But the situation is set to change, with Apple Intelligence predicted to […]
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‘Too cheap to ignore’: Buy this under-the-radar global bank with a 9% yield, analyst says
Shares of Nordea Bank , the Finnish lender, have been labeled “too cheap to ignore” by investment bank Berenberg. Nordea , founded in 1820 and headquartered in Helsinki, has millions of customers throughout Finland, Sweden, Norway, and Denmark. The stock is also traded in the U.S., U.K. , Germany , Italy and Switzerland . Earlier […]
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RNC Day 2 live updates: Nikki Haley, Savannah Chrisley, Marco Rubio to take the stage
Day 2 lineup: Marco Rubio, Lara Trump, Nikki Haley and many more Former President Donald Trump appears at RNC Convention in Milwaukee. The second day of the Republican National Convention will feature remarks from a bevy of Republican lawmakers and other prominent political figures, including multiple former Trump campaign rivals. Sen. Marco Rubio of Florida, […]
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Stock futures are little changed after Dow posts best day since June 2023: Live updates
Traders work on the floor of the New York Stock Exchange during afternoon trading on June 03, 2024 in New York City. Michael M. Santiago | Getty Images Stock futures are little changed on Tuesday night after the Dow Jones Industrial Average posted its best day since June 2023. Futures tied to the Dow added […]
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Royal Caribbean leans into shorter cruises, more experiences to capture travel demand
With consumers getting more selective on how and where they vacation, cruise lines are fighting for Americans’ tourist budgets. Royal Caribbean thinks shortening trips and packing the days with activities and exclusive opportunities will keep customers hooked. “I think we are an experience-driven mindset,” Royal Caribbean CEO Jason Liberty told CNBC’s “Squawk on the Street” […]
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Stocks making the biggest moves after hours: Five Below, Interactive Brokers, J.B. Hunt and more
Check out the companies making headlines in after-hours trading. Five Below — Five Below shares tumbled nearly 9% after the discount retailer announced in a press release that its chief executive officer, Joel Anderson, had stepped down “to pursue other interests.” The company appointed Kenneth Bull as its interim president and CEO, effective immediately. The […]
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Spirit Airlines forecasts bigger quarterly loss as revenue falls short of expectations
A Spirit Airlines aircraft undergoes operations in preparation for departure at the Austin-Bergstrom International Airport in Austin, Texas, on Feb. 12, 2024. Brandon Bell | Getty Images Spirit Airlines said Tuesday it would post a deeper-than-expected loss for the last quarter because of revenue that came in short of its expectations. Shares of the budget […]
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Trump shooting motive unknown three days after assassination attempt
Republican presidential nominee and former U.S. President Donald Trump walks during Day 1 of the Republican National Convention (RNC) at the Fiserv Forum in Milwaukee, Wisconsin, U.S., July 15, 2024. Andrew Kelly | Reuters The motive of the 20-year-old gunman who tried to assassinate former President Donald Trump remained unknown three days after the shooting […]
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Amazon’s deal with AI startup Adept faces FTC scrutiny
The front desk of the Amazon office is pictured in New York, May 1, 2019. Carlo Allegri | Reuters The Federal Trade Commission has launched an informal inquiry into Amazon‘s recently announced deal with AI startup Adept, CNBC has confirmed. The FTC is seeking more information about the agreement announced last month, which involved Amazon […]
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Elon Musk says SpaceX and X headquarters moving to Texas, blames new CA trans student privacy law
US billionaire businessman and pilot Jared Isaacman flies in formation aboard a fighter jet over the SpaceX sign, close to the Starship spacecraft, before his third test flight from Starbase in Boca Chica, Texas, on March 13, 2024. Chandan Khanna | AFP | Getty Images SpaceX CEO and X owner Elon Musk said Tuesday he […]
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