President-elect Donald Trump’s proposed tariffs could have unintended consequences for certain brands, such as negative sentiment from Chinese consumers that could hurt U.S. companies’ sales in that country, Bernstein found. “The tail risk of China demand backlash is less likely and harder to predict but could be devastating for China-exposed brands,” analyst Aneesha Sherman wrote … Read more
Small caps are about to beat large stocks for the first time in eight years, according to Jefferies. Smaller companies with market capitalizations of about $250 million to $2 billion are attractive to investors as they offer more potential for growth than their large-cap peers, but they have underperformed at “extreme levels” relative to large … Read more
[The stream is slated to start at 12:15 p.m. ET. Please refresh the page if you do not see a player above at that time.] President Joe Biden is set to deliver remarks about his decision-making on the U.S. economy during his four years in office. The Democratic incumbent will appear at the Brookings Institution … Read more
Former U.S. President Donald Trump attends the trial of himself, his adult sons, the Trump Organization and others in a civil fraud case brought by state Attorney General Letitia James, at a Manhattan courthouse, in New York City, U.S., October 3, 2023. Shannon Stapleton | Reuters The New York Attorney General’s Office on Tuesday rejected … Read more
People walk by a Walgreens on November 3, 2024 in Brookline, Massachusetts. Danielle DeVries | CNBC Shares of Walgreens jumped nearly 25% on Tuesday on a report that the company is in talks to sell itself to private equity firm Sycamore Partners. Walgreens and Sycamore have been discussing a deal that could be completed early … Read more
Luigi Mangione seen in a McDonald’s restaurant in Altoona, P.A. on Dec. 9th, 2024. Source: Altoona Police Department Luigi Mangione had a handwritten note that said, “These parasites had it coming,” when he was nabbed in Pennsylvania by police who recognized him as the suspect wanted for killing UnitedHealthcare’s CEO, NBC News reported Tuesday. Mangione, … Read more
Larry Ellison, chairman and co-founder of Oracle Corp., speaks during the Oracle OpenWorld 2017 conference in San Francisco, California, U.S., on Sunday, Oct. 1, 2017. David Paul Morris | Bloomberg | Getty Images Oracle shares dropped 8% on Tuesday and headed for their steepest drop in a year following the database software vendor’s disappointing earnings … Read more
US President-elect Donald Trump speaks during a meeting with House Republicans at the Hyatt Regency hotel in Washington, DC on November 13, 2024. Allison Robbert | AFP | Getty Images The oil and gas industry has a “to do” list for President-elect Donald Trump. The lobby group American Petroleum Institute has asked Trump to swiftly … Read more
Prepare for Oracle shares to take breather after triumphing as one of the hottest artificial intelligence plays of 2024, Wall Street says. The stock tanked 7% after posting fiscal second-quarter results after the bell Monday that missed Wall Street’s estimates on the top and bottom lines. The company also offered up a weak outlook. Oracle … Read more
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 edged higher Tuesday as Wall Street looks to regain its momentum into year-end. The tech-heavy Nasdaq Composite bounced back to outperformance, up nearly half … Read more