Finance
‘We’re trying to shame them’: Upstart activist investors target America’s underperforming banks
Key Points Hedge fund HoldCo has emerged from relative obscurity to launch activist investor campaigns against three regional banks: Comerica, Eastern Bank and First Interstate. Founders Vik Ghei and Misha Zaitzeff tell CNBC exclusively about their next target, Columbia Bank, and their broader plans to challenge banking CEOs. The millennial upstarts are bringing activism back […]
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Stocks making the biggest moves premarket: PayPal, UnitedHealth, Wayfair, Skyworks, UPS and more
Check out the companies making headlines before the bell Skyworks Solutions — The maker of high-performance analog and mixed-signal semiconductors climbed 19% after an all stock-and-cash deal to buy its rival Qorvo , which surged 17%. The combined company will be valued at some $22 billion. Qorvo shareholders will receive $32.50 in cash and 0.960 […]
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BlackRock-linked tokenization firm Securitize to go public via SPAC deal
Crypto World BlackRock-linked tokenization firm Securitize to go public via SPAC deal Published Tue, Oct 28 20257:01 AM EDT Liz Napolitano@LizKNapolitano WATCH LIVE Source
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Stocks making the biggest moves after hours: Nucor, Waste Management, F5, NXP and more
Check out the companies making headlines in after-hours trading. Nucor — Shares of the steel products manufacturer added 3% after reporting strong results for the third quarter. Nucor said its earnings per share for the period was $2.63 per share, exceeding its earlier guidance that suggested earnings would be between $2.05 and $2.15 per share, […]
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Stocks making the biggest moves midday: Qualcomm, Fermi, Dyne Therapeutics, Organon, Snowflake and more
Check out the companies making the biggest moves midday: Qualcomm — The chipmaker soared more than 11% after announcing artificial intelligence processors to compete with AMD and Nvidia . The AI chips are a shift for Qualcomm , which has previously focused on semiconductors for wireless connectivity and mobile devices, not massive data centers. Intellia […]
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Berkshire Hathaway downgraded to sell by KBW, citing Buffett succession, ‘many’ other issues
Keefe, Bruyette & Woods downgraded Berkshire Hathaway to underperform, warning that Warren Buffett’s succession risk and a slew of business-specific headwinds could weigh on the conglomerate’s earnings and share performance over the next year. The brokerage slashed its rating to the equivalent of sell from neutral, and cut its price target for Berkshire’s Class A […]
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Bessent lists five finalists for Fed chair job, and Trump says decision coming before the end of the year
Key Points Treasury Secretary Scott Bessent confirmed that the list of candidates to replace Federal Reserve Chair Jerome Powell has been winnowed down to five. President Donald Trump told reporters that he anticipates naming a replacement by the end of the year. Powell’s term doesn’t expire until May. Source
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Stocks making the biggest moves premarket: AMD, Lululemon, GameStop, Nvidia, Five Below and more
Check out the companies making the biggest moves in premarket trading: Rare earth stocks — Treasury Secretary Scott Bessent said Sunday he expects China to delay imposing strict rare earth export controls as part of a trade deal with the U.S., sending shares of rare-earth miners lower. United States Antimony tumbled nearly 15%, Critical Metals […]
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HSBC to recognize $1.1 billion provision in third quarter after court ruling in Madoff case
Key Points HSBC said on Monday that it will recognize a provision of $1.1 billion in its third quarter results. A Luxembourg court denied HSBC’s appeal in respect of Herald’s securities restitution claim. Source
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