business news
Market turmoil is hitting most traditional safe havens. UBS says this is the place to hide
The U.S. and Israel are showing signs of escalating their war against Iran – a move that could batter a variety of assets, even traditional safe havens. To protect their portfolios, investors can snap up stocks from an oft-shorted sector: pharmaceuticals, UBS analysts say. Since the first strikes last Saturday, the Iran War has roiled […]
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Jim Cramer sees opportunities in Friday’s ugly market. Here’s where he is looking
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. 1. Stocks fell Friday as the war in the Middle East escalated. The S & P 500 and Nasdaq were both off roughly 1% after President Donald Trump said Friday […]
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Stocks making the biggest moves midday: Marvell Technology, BlackRock, United Airlines, CF Industries & more
Check out the companies making headlines in midday trading. Bank stocks — All 101 stocks in the State Street SPDR S & P Bank ETF (KBE) were down Friday as the spread widened between the 2- and 10-year Treasury yield in a move known as a bear steepening that often suggests increased expectations of future […]
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Marvell stock surges 18% as CEO points to continuing AI demand: ‘Do you see me blinking?’
Marvell shares popped 18% on Friday as the company posted an earnings beat and issued strong guidance, expecting strong artificial intelligence demand to continue. The semiconductor company reported adjusted earnings of 80 cents per share for the quarter, exceeding the 79 cents per share expected by analysts polled by LSEG. The company reported $2.2 billion […]
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FDA reversals leave investors worrying about the fates of other experimental drugs
Investors are concerned about the fates of multiple experimental drugs for hard-to-treat diseases following a string of recent rejections from the U.S. Food and Drug Administration. The FDA in the past year has denied or discouraged the applications of at least eight drugs, according to RTW Investments, including a gene therapy for Huntington’s disease from […]
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Trump tariffs: Customs and Border Protection tells judge it can’t comply with refund order
The US Customs and Border Protection (CBP) headquarters in Washington, DC, US, on Wednesday, May 10, 2023. Bloomberg | Bloomberg | Getty Images Read more CNBC politics coverage Eaton on Wednesday ordered CPB to calculate the cost of bringing in shipments into the United States without assessing a tariff, and told the agency to make […]
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Analysis: Tough jobs report puts Trump’s Iran war plans to the test
A difficult jobs report comes at a tough time for the White House. Gas prices are rising due to the war in Iran, while stock market turmoil is making savers and retirees antsy about the state of their 401(k)s. Data released Friday showing a loss of 92,000 jobs in February will put pressure on the […]
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Zealand’s stock falls 35% after disappointing drug result. Its CEO tells CNBC people need to focus less on the ‘weight loss Olympics’
Wegovy is produced by pharmaceutical company Novo Nordisk and has been approved for specifically for chronic weight management in adults and adolescents. (Photo by Steve Christo – Corbis/Corbis via Getty Images) Steve Christo – Corbis | Corbis News | Getty Images The chief executive of drugmaker Zealand Pharma sought to calm investors about the latest […]
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Toyota, Hyundai and Chinese automakers expected to be most impacted by Iran war
Toyota Motor Corp. vehicles bound for shipment at the Port of Nagoya in Tokai, Aichi Prefecture, Japan, on Tuesday, April 29, 2025. Toru Hanai | Bloomberg | Getty Images DETROIT — Toyota Motor, Hyundai Motor and Chinese automakers such as Chery face the most potential impact of non-domestic automakers from the U.S.-Israel war with Iran, […]
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Trump says no deal with Iran to end war without ‘unconditional surrender’
U.S. President Donald Trump speaks as he meets with German Chancellor Friedrich Merz in the Oval Office at the White House in Washington, D.C., U.S., March 3, 2026. Jonathan Ernst | Reuters President Donald Trump said Friday that there would be no deal to end the U.S. war against Iran without an “unconditional surrender” by […]
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