Bank of America sees shares of L3Harris Technologies moving higher following a massive investment from the U.S. Defense Department. The bank reiterated its buy rating on the aerospace and defense company and hiked its price objective to $400 from $350. That’s about 17% above where shares closed on Tuesday. The change comes a day after…
This report is from this week’s CNBC’s UK Exchange newsletter. Like what you see? You can subscribe here. The dispatch In the world of U.K. quoted companies, investment trusts are frequently disparaged as a sleepy backwater, a dull corner of the market offering little excitement. That is despite the fact that, with a combined stock market…
Louis Vuitton officially opened a new flagship in downtown Beijing on Jan. 13, 2026. CNBC | Evelyn Cheng This report is from this week’s CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. You can subscribe here. The big story For the last few weeks, a new…
Shoppers walk outside the Saks Fifth Avenue flagship store in Manhattan in New York City, U.S., Jan. 6, 2026. Angelina Katsanis | Reuters Saks Global, the parent company behind the 159-year-old department store that’s become both a destination and a symbol for luxury fashion, filed for bankruptcy protection after running out of cash and failing…
U.S. President Donald Trump visits a Ford production center in Dearborn, Michigan, U.S., January 13, 2026. Evelyn Hockstein | Reuters U.S. President Donald Trump said in a Truth Social post on Tuesday that he had “cancelled all meetings with Iranian Officials,” and reiterated his support for protestors fueling one of the largest anti-government demonstrations in…
QINGDAO, CHINA – JANUARY 13, 2026 – The cargo ship is loading and unloading foreign trade containers at Qingdao Port in Qingdao City, Shandong Province, China on January 13, 2026. Cfoto | Future Publishing | Getty Images China’s exports growth in December sharply beat expectations, catapulting the annual trade surplus to a record high, even…
US President Donald Trump speaks to the press upon returning to Joint Base Andrews in Maryland on January 13, 2026. Mandel Ngan | Afp | Getty Images U.S. President Donald Trump said in a Truth Social post on Tuesday that he had “cancelled all meetings with Iranian Officials,” and reiterated his support for protestors fueling…
Meta CEO Mark Zuckerberg demonstrates an Oculus Rift virtual reality (VR) headset and Oculus Touch controllers during the Oculus Connect 3 event in San Jose, California, U.S., on Thursday, Oct. 6, 2016. David Paul Morris | Bloomberg | Getty Images A little over four years after Mark Zuckerberg changed Facebook’s name to Meta, reflecting his…
Osanbashi in Yokohama on December 10, 2022. Yuichi Yamazaki | Afp | Getty Images Japanese indexes hit record highs Wednesday on expectations that Prime Minister Sanae Takaichi could call for a snap election, likely in February. If called, it will be Takaichi’s first time facing Japan’s voters in an election. The Nikkei 225 index rose…
A trader works on the floor of the New York Stock Exchange. NYSE Stock futures were little changed Tuesday night after the S&P 500 pulled back from record levels seen earlier in the week. Futures tied to the Dow Jones Industrial Average shed 40 points, or nearly 0.1%. S&P 500 futures were marginally lower, as were…
