Breaking News: Markets
Why Tim Cook stepping down as CEO isn’t shaking Jim Cramer’s faith in Apple
Tim Cook’s act is a tough one to follow. It doesn’t mean Apple ‘s future is any less bright. The company said late Monday that John Ternus, Apple’s senior vice president of hardware engineering, will take over for longtime chief executive officer Cook, who will become executive chairman. It’s “very sad” news, Jim Cramer said […]
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Stocks making the biggest moves midday: UnitedHealth, Pitney Bowes, Apple, Amazon & more
Check out the companies making the biggest moves midday: Valmont Industries — The agricultural product and infrastructure rallied 12% on better-than-expected results for the first quarter. The company cited strong demand in its North America utility business for the beat. It also hiked the lower end of its full-year earnings guidance. Pitney Bowes — The […]
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U.S. judge blocks Trump administration actions stymieing wind, solar projects
Wind turbines operate at a wind farm near solar panels near Palm Springs, California, on March 6, 2024. Mario Tama | Getty Images A federal judge on Tuesday blocked President Donald Trump’s administration from enforcing a series of permitting policies that wind and solar energy industry groups say have stymied the development of new energy […]
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Citi spells out 3 scenarios for the Strait of Hormuz — and where oil prices would go in each
Oil prices could soar to $130 a barrel by the end of June if flows through the Strait of Hormuz remain disrupted, as Citi analysts outlined a number of possible scenarios facing oil markets. An oil market recovery hinges upon the full reopening of the strait, according to Citi analysts, ahead of Tuesday’s deadline for […]
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Trump says ‘maybe’ government should help struggling Spirit Airlines
President Donald Trump said Tuesday that the federal government could help struggling Spirit Airlines as the discount carrier faces the possibility of liquidation. Trump told CNBC’s “Squawk Box”: “I don’t mind mergers. I think I’d love somebody to buy Spirit, as an example. You know, Spirit’s in trouble. … Maybe the federal government should help that […]
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Trump says he’ll ‘remember’ companies that don’t seek tariff refund
President Donald Trump on Tuesday told CNBC that he will gratefully “remember” U.S. companies that do not seek refunds for the tariffs he unilaterally imposed, which the Supreme Court later ruled were illegal. Trump’s comment on “Squawk Box” came a day after U.S. Customs and Border Protection opened a portal for importers to seek more […]
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Kevin Warsh arrives on Capitol Hill for Fed confirmation hearing: Live updates
Who is Kevin Warsh? Kevin Warsh, a former member of the Federal Reserve Board of Governors, arrives at the Sun Valley Resort for the Allen and Company Sun Valley Media and Technology Conference in Sun Valley, Idaho, U.S., July 8, 2025. Brendan McDermid | Reuters Warsh, 56, is an Ivy League-educated lawyer who’s worked in […]
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Trump expects U.S. to make ‘great deal’ with Iran
President Donald Trump on Tuesday said he believes the United States is “going to end up with a great deal” with Iran to end the weeks-long war. “I think they have no choice,” Trump said during an interview with CNBC’s “Squawk Box,” when asked what he expected to come out of a second round of […]
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Dollar debasement and zombie companies: 5 investment strategies we heard today
Uncertainty over U.S.-Iran peace talks in Pakistan continues to shape investor sentiment, with optimism for a potential settlement keeping a cap on oil prices and propping up equity markets. European stocks followed Asian peers higher in early trading, with South Korea’s Kospi index hitting a record high overnight. Meanwhile, U.S. futures are pointing to tentative […]
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Stocks making the biggest moves premarket: Amazon, Apple, GE Aerospace, UnitedHealth & more
Check out the companies making headlines before the bell: UnitedHealth — Shares popped more than 6% after UnitedHealth reported first-quarter earnings and revenue that beat analyst expectations. The company earned $7.23 per share, adjusted, on revenue of $11.72 billion. Analysts expected a profit of $6.57 per share on revenue of $109.57 billion. UnitedHealth also hiked […]
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