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How the Inflation Reduction Act sparked a manufacturing and clean energy boom in the U.S.
Monica Muñoz, top, and Denise Denning place black encapsulation material on solar panels at Elin Energys solar panel manufacturing facility on Thursday, April 25, 2024 in Brookshire. Brett Coomer | Hearst Newspapers | Getty Images The Inflation Reduction Act has sparked a manufacturing boom across the U.S., mobilizing tens of billions of dollars of investment, […]
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Philippe Laffont’s Coatue entered into Paramount last quarter amid weakness
Philippe Laffont’s Coatue built a position at Paramount Global amid tumultuous times for the storied media company. The technology-focused investor opened a stake of more than 3 million shares in the legacy entertainment giant during the second quarter, according to regulatory fillings. That amounts to a holding worth more than $38 million. Laffont is one of […]
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Stocks making the biggest moves after hours: Microsoft, Arista Networks, Advanced Micro Devices, Starbucks and more
Check out the companies making headlines in after-hours trading: Microsoft — Shares dropped 6% after the tech giant reported disappointing results out of its cloud business. That overshadowed beats on both lines for the fiscal fourth quarter. Advanced Micro Devices — The chipmaker jumped 5% as second-quarter results surpassed estimates. AMD posted adjusted earnings of […]
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Stocks making the biggest moves midday: 3M, Dexcom, Sweetgreen, Texas Roadhouse and more
Check out the companies making headlines in midday trading: 3M — The stock skyrocketed more than 18% to hit a 52-week high after the maker of office supplies and adhesives reported stronger-than-expected quarterly results. 3M posted second-quarter adjusted earnings of $1.93 per share, exceeding an LSEG estimate of $1.68 per share. Its revenue also came […]
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Stocks generating the biggest moves midday: GameStop, Paramount, Spotify, Krispy Kreme and a lot more
Check out the corporations producing headlines in midday trading: GameStop — The meme inventory jumped much more than 25% in risky buying and selling amid speculation that Keith Gill, the male who motivated 2021′s epic short squeeze, could have a enormous placement in the movie recreation retailer. Gill, who goes by DeepF——Price on Reddit, reappeared […]
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Stocks making the biggest moves midday: Gap, MongoDB, Dell Technologies and more
Check out the companies making headlines in midday trading: Dell Technologies — The software stock plunged 22% after executives cautioned that its gross margins could face more pressure in 2025. Lionsgate Studios — Shares rose 1% after Citi initiated coverage of the film studio at a buy rating. The bank cited Lionsgate’s decision to spin […]
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The stock market gets nailed by the Fed, again. Plus, Starbucks’ quiet comeback
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. (We’re no longer recording the audio, so we can get this new written feature to members as quickly as possible.) Fed foils stocks : The market […]
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Stocks making the biggest moves midday: Target, Urban Outfitters, Tesla, Shopify and more
Check out the companies making headlines in midday trading: Target — Shares of the retailer pulled back more than 7% after a first-quarter earnings miss , underscored by a 3% year-over-year decline in sales. Analog Devices — Stock in the semiconductor manufacturer surged more than 8% after second-quarter results beat analysts’ estimates. Massachusetts-based Analog reported […]
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Stocks producing the biggest moves premarket: Netflix, Paramount, Sunnova Electrical power & more
Test out the businesses earning headlines in advance of the bell. Ulta — The natural beauty chain slipped additional than 1% subsequent a downgrade to keep from purchase at Jefferies. Analyst Ashley Helgans cited mounting strain from competitor Sephora as very well as a “lack of newness” as two factors for the adjust. Netflix — […]
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Stocks creating the largest moves midday: Lamb Weston, Levi Strauss, Wayfair and more
Check out out the businesses building headlines in midday buying and selling. Hertz World-wide — The motor vehicle rental business drop about 4% immediately after it was downgraded to promote from neutral at Goldman Sachs. Investors have nonetheless to completely price tag in some near-term pressures, the financial institution wrote. Block — The financial products […]
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