Markets
Shares of generator maker Generac soar, insurance stocks fall as Hurricane Milton intensifies
A worker unloads a 24-kilowatt Generac home generator off a truck at Captain Electric in Orem, Utah, on Feb. 18, 2021. George Frey | Getty Images Shares of backup power generation company Generac Holdings surged more than 8% on Monday as Hurricane Milton rapidly strengthened into a Category 5 storm. Hurricane Milton is forecast to […]
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S&P 500 futures are little changed after stocks pull back to start new week: Live updates
Traders work on the floor of the New York Stock Exchange during morning trading on September 23, 2024 in New York City. Michael M. Santiago | Getty Images Stock futures are modestly higher on Monday night, following a losing day on Wall Street as rising oil prices and bond yields weighed on markets. Dow Jones […]
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Coinbase is delisting some stablecoins in Europe this year. Here’s what it could mean for the crypto stock
Coinbase’s move to delist some stablecoins this year could help the company’s bottom line, according to one analyst. The crypto exchange operator said Friday it will delist stablecoins in Europe that are not compliant with requirements of the Markets in Crypto-Assets regulation, the celebrated European Union crypto law that will fully take effect Dec. 30. […]
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Stocks making the biggest moves midday: Generac, Amazon, Pfizer and more
Check out the companies making headlines in midday trading: Generac Holdings — Shares of the maker of power generators surged 8% as Hurricane Milton intensified into a Category 5 storm . Amazon — The e-commerce stock lost 2.9% after Wells Fargo downgraded shares to equal weight from overweight and cut its price target, citing slowing […]
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Trump Media stock soars 15% in heavy trading after ex-president’s rally in Butler with Musk
Omar Marques | Lightrocket | Getty Images Shares of Trump Media soared Monday, a day after former President Donald Trump returned to Butler, Pennsylvania, the site of his July 13 assassination attempt, to rally with Tesla CEO Elon Musk. Shares were up roughly 15% as of 12:30 p.m ET with heavy volume, and the stock was trading […]
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No case for more jumbo rate cuts by the Fed, strategists say
A television broadcasts the Federal Reserve’s interest rate cut on the floor of the New York Stock Exchange on Sept. 18, 2024. Michael Nagle | Bloomberg | Getty Images There is no case for more 50-basis-point rate cuts by the Federal Reserve, veteran market strategists told CNBC, saying the latest U.S. jobs data implies the […]
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U.S. crude oil jumps 2%, trades near $76 as market waits for Israel strike against Iran
U.S. crude oil rose about 2% on Monday, as the market waited for Israel to strike Iran. Oil prices spiked last week on fears that Israel could hit Iran’s oil industry in retaliation for Tehran’s ballistic missile attack. U.S. benchmark West Texas Intermediate surged 9.09% last week for the biggest weekly gain since March 2023. […]
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Stocks making the biggest moves premarket: Apple, Amazon, Pfizer, Hershey and more
Check out the companies making headlines before the bell. Apple — Shares declined 1.4% after Jefferies downgraded the megacap tech company to hold from buy, saying near-term expectations for the iPhone 16 and 17 are too high after weaker-than-expected initial demand. Apple’s AI capabilities leading to an accelerated smartphone replacement cycle is a “premature” catalyst, […]
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CNBC Daily Open: September’s blockbuster jobs report changes the calculus
More than 75 employers were taking resumes and talking to prospective new hires at a career fair in Lake Forest, CA on Wednesday, February 21, 2024. Paul Bersebach | Medianews Group | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on […]
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Japan’s Nikkei rises over 2% as Asia markets climb; central bank decisions in focus this week
In a photo taken on November 4, 2019 a subway train crosses a rail bridge over the Han river, before the skyline of the Yeouido business district of Seoul. Ed Jones | Afp | Getty Images Asia-Pacific markets mostly climbed on Monday, led by Japan’s Nikkei 225 rising almost 2% as investors look ahead to […]
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