Chimneys stand among the rubble after the passage of the Palisades Fire in Pacific Palisades, California, on Jan. 8, 2025. Agustin Paullier | AFP | Getty Images Federal authorities announced Wednesday that they have arrested and charged a Florida man with maliciously starting the deadly Palisades Fire, one of the most destructive blazes in Los…
Check out the companies making the biggest moves midday: TopBuild — The insulation installer rallied almost 8% after agreeing to buy Specialty Products and Insulation for $1 billion in cash . “The addition of SPI’s resources and capabilities further enhances our customer value proposition while its complementary fabrication footprint strengthens and expands our presence across…
JPMorgan is moving to the sidelines when it comes to FedEx . The bank downgraded shares of the transportation and shipping giant to neutral from overweight. It also lowered its price target to $274 per share from $284, pointing to 13% upside from Tuesday’s close. Analyst Brian Ossenbeck noted that, despite trying to turn its…
U.S. Senate Minority Leader Chuck Schumer (D-NY) speaks next to Senator Brian Schatz (D-HI) and Senator Amy Klobuchar (D-MN) during a press conference at the U.S. Capitol on the third day of a partial government shutdown, on Capitol Hill in Washington, D.C., U.S., Oct. 3, 2025. Nathan Howard | Reuters The Senate is set to…
Former FBI Director James Comey Alex Edelman | AFP | Getty Images Former FBI Director James Comey pleaded not guilty on Wednesday morning to federal criminal charges in Virginia that President Donald Trump had sought. A judge set Comey’s trial to begin on Jan. 5. Comey’s plea came as he made his first appearance in…
Bank of England, the Royal Exchange and the statue of the Duke of Wellington in the City of London on 19th February 2025 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images The Bank of England on Wednesday warned that the risk of a “sharp market correction” has increased, noting that valuations…
Check out the companies making headlines in premarket trading. Joby Aviation — Shares of the electric air taxi maker plunged 11% after the company announced the pricing of a previously announced stock offering. Joby will sell 30,500,000 common shares for $16.85 each, translating to gross proceeds of around $513.9 million. AST SpaceMobile — Shares surged…
A strong drug pipeline could boost shares of Ionis Pharmaceuticals in the future, JPMorgan says. Analyst Jessica Fye upgraded the biotech company, which develops human therapeutic drugs using antisense technology, to an overweight rating from neutral, and boosted her 12-month price her 12-month price target on the stock to $80 from $49. Shares of Ionis…
Prospective buyers take a tour during an open house at a home in Los Angeles, California, US, on Sunday, July 13, 2025. Eric Thayer | Bloomberg | Getty Images Mortgage demand overall weakened again last week, even as interest rates fell slightly. For those still in the market, though, they are looking increasingly to adjustable-rate…
The sunset is reflected in the windows of the US Capitol as a man runs on the National Mall in Washington, DC, on October 1, 2025, the first day of the US federal government shutdown. Andrew Caballero-reynolds | Afp | Getty Images A version of this article first appeared in the CNBC Property Play newsletter…
