Canaccord Genuity is ready to look past Tesla’s near-term demand weakness. The investment firm reiterated its buy rating on the electric vehicle maker and hiked its price target to $551 from $482, signaling a 13% gain ahead. Despite this price hike, analyst George Gianarikas reduced his deliveries outlook for the fourth quarter to reflect a…
Morocco was stunningly awarded the Africa Cup of Nations title on Tuesday by appeals judges that overturned Senegal’s victory in a chaotic final in January. The Confederation of African Football said its appeal board ruled Senegal is “declared to have forfeited the Final” and its 1-0 win in extra time becomes a 3-0 default win…
Warren Buffett and Greg Abel walkthrough the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2025. David A. Grogen | CNBC Alphabet shares jumped Monday after Warren Buffett’s Berkshire Hathaway revealed a new stake in the Google parent, marking one of the conglomerate’s most significant technology bets in years. Alphabet shares were…
Texas state Rep. Chris Turner, D-Arlington, speaks alongside members of the Texas House Democratic Caucus during a press conference on the first day of the 87th Legislature’s special session on July 8, 2021 in Austin, Texas. Tamir Kalifa | Getty Images CHICAGO — In an extraordinary move to counter Republican redistricting in Texas, dozens of Democrats…
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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 Wednesday’s key moments. 1. Stocks moved higher on Wednesday, driven by Big Tech. Shares of Nvidia climbed 2% after the company announced a multiyear partnership with Meta under which the Facebook parent will…
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(These are the market notes on today’s action by Mike Santoli, CNBC’s Senior Markets Commentator. See today’s video update from Mike above.) Reassuring results from Micron breathed life back into the AI-infrastructure theme while a cool CPI reading allowed investors concerned about a hawkish Fed to exhale, allowing for a relief bounce in the indexes…
Any time the State Street Energy Select Sector SPDR Fund (XLE) rallies, three questions arise: Is this move more than a short-term bounce? If so, how long can XLE outperform the S & P 500? If relative strength versus the S & P 500 persists, does that imply broader equity market weakness? We’ll address each…
The Microsoft store is pictured in Manhattan on March 31, 2026, in New York City. Zamek | View Press | Corbis News | Getty Images A longtime Microsoft executive leading the software company’s development tools group, Julia Liuson, told employees that she will retire in June and become an advisor. Liuson joined Microsoft in 1992,…
