Eric Jackson, a hedge fund manager who partly contributed to the trading explosion in Opendoor, unveiled his new pick Monday — Better Home & Finance Holding Co. Shares of Better Home shot up 8.4% after a Jackson post on X touted the stock, after the New York-based mortgage lender soared more than 36% last week….
Alberto Musalem, President and CEO of the Federal Reserve Bank of St. Louis, speaks to the Economic Club of New York, in New York City, U.S., Feb. 20, 2025. Brendan McDermid | Reuters St. Louis Federal Reserve President Alberto Musalem on Monday reiterated his support for last week’s interest rate cut, but said he is…
Thomas Fuller | SOPA Images | Lightrocket | Getty Images Pfizer on Monday said it would buy weight loss drugmaker Metsera in an up to $7.3 billion deal, including future payments, as it scrambles to win a slice in the booming obesity drug market. Pfizer said it will pay an initial $47.50 a share in…
Morgan Stanley upgraded shares of Applied Materials , saying it’s more confident in the semiconductor Wafer Fab Equipment market and that the company’s base case is moving closer to the investment bank’s bull case. The chip equipment maker rose more than 1% premarket Monday after Morgan Stanley hiked its investment opinion to overweight from equal-weight….
Check out the companies making headlines before the opening bell : Metsera , Pfizer — The weight-loss drugmaker soared 60% after an announcement it would be bought by Pfizer for $4.9 billion in cash. The deal is expected to close in the fourth quarter. Pfizer shares ticked nearly 3% higher. Anywhere , Compass — Brokerage…
(This is a wrap-up of the key money moving discussions on CNBC’s “Worldwide Exchange” exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. ET each day.) Dan Ives shares his bullish call on Apple; Plus Citi sees opportunities in a consumer data stocks analysts expect to benefit from rate cuts. ‘Worldwide Exchange’ pick: Equifax…
Westend61 | Westend61 | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Despite trade war turmoil and recession fears, investment firms of the ultra-wealthy are optimistic about their returns,…
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A Build-A-Bear Workshop in Herald Square, New York on Sept. 16, 2025. Laya Neelakandan | CNBC For 26-year-old Cammie Craycroft’s friends, the perfect birthday activity this summer was a group trip to Build-A-Bear Workshop. Craycroft said she and her friends grew up going to the retailer, which is known for its experiential shopping product where…
With the long-awaited Federal Reserve rate cut in hand, Wall Street put together a winning week filled with record closes. Even the small-cap Russell 2000 joined the all-time high party for the first time in four years. Where does the market go from here? In a few weeks, we’ll embark on third-quarter earnings season, and…
