UBS expects improving momentum to drive Gap higher. The bank upgraded the clothing retailer to buy from neutral. Besides the Gap brand, the company also operates Old Navy, Banana Republic and Athleta. Analyst Jay Sole also hiked his 12-month price target to $41 from $26, which implies a gain of 54% from Wednesday’s close. Sole…
Check out the companies making the biggest moves in premarket trading: Defense stocks — Defense stocks jumped after President Donald Trump called for a defense budget of $1.5 trillion in 2027, saying in a Truth Social post he wanted to build a “Dream Military.” Lockheed Martin and L3Harris Technologies rallied 8%, while Northrop Grumman soared…
Alphabet’s artificial intelligence capabilities will lead the stock to further gains, according to Cantor Fitzgerald. The firm upgraded the “Magnificent Seven” titan to overweight from neutral. Analyst Deepak Mathivanan also lifted his price target to $370 from $310, which implies 15% upside. “After strong outperformance last year, shares are now trading above the medium-term range,…
The U.S. housing market has yet to pick up steam into 2026, but real estate agents say there’s been a real shift toward a more balanced market, according to the quarterly CNBC Housing Market Survey. Mortgage rates didn’t move much at all in the last quarter of 2025, but home prices are steadily easing. The…
On Jan. 3, Venezuelan President Nicolás Maduro and his wife were captured by the U.S. military and, three days later, pleaded not guilty to charges in New York City. The event is unprecedented in modern times, and its implications will likely take months to fully materialize. Even so, you may be wondering how, if at…
Residential buildings along the coastline in Nuuk, Greenland, on Saturday, May 3, 2025. Carsten Snejbjerg | Bloomberg | Getty Images LONDON — European stocks are expected to open lower on Thursday as market nerves linger over U.S. President Donald Trump’s threat to annex Greenland. The U.K.’s FTSE index is seen opening 0.3% lower, Germany’s DAX…
The year just ended saw more strong gains for the stock market, but with valuations at levels only seen during the Covid-19 pandemic and the dot-com bubble, trouble could be on the horizon. Last year, technology companies led the S & P 500 to rally more than 16%, extending the run that began in late…
The debts that Venezuela owes ConocoPhillips and ExxonMobil are not an immediate priority for the Trump administration after the overthrow of President Nicolás Maduro, Energy Secretary Chris Wright told CNBC on Wednesday. “The huge debts that are owed Conoco and Exxon, those are very real and need to be recompensed in the future,” Wright told…
FILE PHOTO: Pittsburgh Post-Gazette in Pittsburgh, Pennsylvania on Aug. 26, 2016. Raymond Boyd | Michael Ochs Archives | Getty Images The Pittsburgh Post-Gazette’s owners announced Wednesday the paper will be shutting down in a few months, citing financial losses. Block Communications Inc. announced it will cease publication on May 3. The paper is printed on Thursdays and Sundays and…
Things are looking up for Serve Robotics , a company that is capturing Wall Street’s attention given its expansion in the increasingly hot investment space of “physical AI.” Serve Robotics, an autonomous sidewalk delivery robot maker that was spun out of Uber in 2021, maintains a close partnership with Nvidia even after the chipmaker sold…
