Markets
Chinese official slams EU probe into EV subsidies as ‘selective’
Employees assemble new energy vehicles at an intelligent factory of electric vehicle company Leapmotor on April 8, 2024 in Jinhua, Zhejiang Province of China. Vcg | Visual China Group | Getty Images BEIJING — Europe’s probe into Chinese electric cars was overly selective to the point that the results are not credible, a Chinese official […]
Read More
Judge tosses Exxon Mobil lawsuit against activist shareholder Arjuna over climate proposal
A federal judge in Texas on Monday dismissed a controversial lawsuit by Exxon Mobil against activist shareholder Arjuna Capital over a climate proposal, ruling that the investor’s promise that it would not submit a similar resolution in the future had rendered the case moot. “Arjuna has eliminated any case or controversy between the Parties here, […]
Read More
Stock futures are little changed as investors await May retail sales data: Live updates
Traders walk the floor during morning trading at the New York Stock Exchange on May 14, 2024. Spencer Platt | Getty Images Stock futures are near flat Monday night after a winning day on Wall Street as investors gear up for May retail sales data. Dow Jones Industrial Average futures rose 28 points, or 0.1%. […]
Read More
GameStop drops more than 12%, hits session lows after annual meeting fails to offer details on firm’s strategy
Traders work at the post where GameStop is traded on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 12, 2024. Brendan McDermid | Reuters GameStop shares dropped to session lows Monday after the company’s highly anticipated annual meeting failed to offer any concrete updates on the video game […]
Read More
Stocks making the biggest moves midday: Autodesk, Broadcom, AMC Networks, Virgin Galactic and more
Check out the companies making headlines in midday trading: Virgin Galactic — The struggling space company slid 15% as the stock’s 1-for-20 reverse stock split took effect. The company was trying to get its stock back above $1 a share after a steady slide over the past three years. Virgin Galactic paused spaceflight operations this […]
Read More
Warren Buffett’s Berkshire Hathaway trims its stake in Chinese EV maker BYD to 6.9%
In this article ZE594-CN BYDDY BRK.A Follow your favorite stocksCREATE FREE ACCOUNT Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, on May 4, 2024. CNBC Berkshire Hathaway, an early investor in BYD thanks to the late Charlie Munger, continued to trim its massive stake in China’s biggest electric vehicle maker. […]
Read More
Stocks producing the most important moves premarket: Most effective Obtain, Toll Brothers, Autodesk and more
Examine out the companies creating headlines ahead of the bell. Toll Brothers — The homebuilder attained 1.3% right after Goldman Sachs upgraded it to neutral from market. Goldman cited in the vicinity of-phrase upsides from customization and updates, as nicely as continued outperformance of new home profits. Ideal Acquire — Shares rose a lot more […]
Read More
CNBC Daily Open: Nasdaq record, Tesla future value?
SpaceX, Twitter and electric car maker Tesla CEO Elon Musk reacts as he visits the Vivatech technology startups and innovation fair at the Porte de Versailles exhibition center in Paris, on June 16, 2023. Alain Jocard | AFP | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily […]
Read More
China May retail sales beat expectations, but industrial output and fixed asset investment missed
A worker welds steel at a workshop on June 8, 2024 in Hangzhou, Zhejiang Province of China. Vcg | Visual China Group | Getty Images China’s retail sales beat expectations in May, climbing 3.7% compared with a year ago, beating expectations of a 3% rise from a Reuters poll of economists. However, other economic metrics, […]
Read More
Activist Starboard amasses Autodesk stake, weighs suit over delayed probe disclosure
Jeffrey Smith, CEO and chief investment officer at Starboard Value LP. David Paul Morris | Bloomberg | Getty Images Starboard Value, the activist fund run by Jeff Smith, has taken a sizable stake in graphics-design firm Autodesk and has spoken with the company’s board in recent weeks over a number of serious concerns involving its disclosures around an […]
Read More