Jaque Silva | Lightrocket | Getty Images Satellite designer AST SpaceMobile said it’s preparing to deploy nearly five dozen satellites to power cellular-based broadband networks, a move that establishes the company as a rival to Elon Musk’s dominant SpaceX. The company, based in Texas, released its second-quarter earnings after the bell on Monday, reporting that…
Rick Rieder, BlackRock’s chief investment officer for global fixed income, is sticking with his call for a jumbo rate cut from the Federal Reserve next month after new inflation data showed less-than-expected price pressures. “We expect the Fed to begin cutting rates in September, and it could be justified cutting the Funds rate by 50 basis…
Goldman Sachs sees shares of Uranium Energy surging over the next year as the U.S. government aims to rebuild a domestic nuclear fuel supply chain. Goldman initiated coverage of Uranium Energy on Monday with a stock price target of $13, suggesting more than 30% upside from current levels. The pure-play domestic uranium miner has gained…
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Check out the companies making the biggest moves midday: AST SpaceMobile — The satellite company soared 11% after it said it is planning to execute 45 to 60 satellite launches by 2026, with at least five orbital launches anticipated by the end of the first quarter next year. Mercury Systems — The defense contractor surged…
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. 1. The S & P 500 and Nasdaq Composite jumped to record highs Tuesday following July’s consumer price index report, which showed that headline inflation accelerated less than expected. “I don’t…
A Fanatics advertisement on the sideline billboard during the NWSL match between Houston Dash and Washington Spirit at Shell Energy Stadium on March 14, 2025 in Houston, Texas. Aaron M. Sprecher | Getty Images Sport | Getty Images Fanatics is launching a new loyalty program, reflecting its continued growth and reach in the sports business…
Spencer Platt | Getty Images Inflation held steady in July as price declines for staples like groceries and gasoline helped offset price increases for consumers. However, there were worrying signs under the surface, including evidence that Trump administration policies are stoking inflation for certain goods and services, economists said. Those effects will likely become more…
U.S. President Donald Trump speaks next to Federal Reserve Chair Jerome Powell during a tour of the Federal Reserve Board building, which is currently undergoing renovations, in Washington, D.C., U.S., July 24, 2025. Kent Nishimura | Reuters President Donald Trump on Tuesday threatened to allow a “major lawsuit” against Federal Reserve Chairman Jerome Powell to…
The recent pullback in shares of Chipotle may be nearing its end, according to Piper Sandler. The firm upgraded the stock to overweight from neutral but cut its price target by $3 to $50, which implies 20.1% upside from Monday’s close. In late July, shares tumbled more than 13% after the burrito chain slashed its…
