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Elon Musk endorses Trump's transition co-chair Howard Lutnick for Treasury secretary

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On Saturday, Elon Musk shared who he is endorsing for Treasury secretary on X, a cabinet position President-elect Donald Trump has yet to announce his preference to fill. Musk wrote that Howard Lutnick, Trump-Vance transition co-chair and CEO and chairman of Cantor Fitzgerald, BGC Group and Newmark Group chairman, will “actually enact change.” Lutnick and Key […]

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How to protect your portfolio against risks tied to President-elect Trump's tariff agenda

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Money manager John Davi is positioning for challenges tied to President-elect Donald Trump’s tariff agenda. Davi said he worries the new administration’s policies could be “very inflationary,” so he thinks it is important to choose investments carefully. “Small-cap industrials make more sense than large-cap industrials,” the Astoria Portfolio Advisors CEO told CNBC’s “ETF Edge” this

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Stocks making the biggest moves midday: Palantir, Moderna, Ulta Beauty, Alibaba and more

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Check out the companies making headlines in midday trading. Global pharma stocks — Shares of several vaccine makers declined after President-elect Donald Trump selected prominent vaccine skeptic Robert F. Kennedy Jr. as health secretary on Thursday. Shares of Moderna and Pfizer slipped nearly 9% and 5%, respectively. BioNTech , which helped develop a Covid vaccine with

Stocks making the biggest moves midday: Palantir, Moderna, Ulta Beauty, Alibaba and more Read More »

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Ron Baron sees Tesla worth $5 trillion in 10 years, says Musk eyeing $30 trillion value one day

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Billionaire investor Ron Baron, a longtime Tesla bull and shareholder, believes the electric vehicle company could hit a $5 trillion market capitalization in a decade, saying CEO Elon Musk has an even higher number in mind longer term. “Tesla, I think, is going to be worth $3 or $4 trillion — $5 trillion in 10

Ron Baron sees Tesla worth $5 trillion in 10 years, says Musk eyeing $30 trillion value one day Read More »

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Stocks making the biggest moves premarket: Alibaba, Applied Materials, Ulta Beauty and more

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Check out the companies making headlines before the bell. Applied Materials — Shares tumbled more than 8% after the semiconductor equipment manufacturer offered weak revenue guidance for the current quarter. Applied Materials said it forecasts $7.15 billion in the first fiscal quarter, under the estimate of $7.224 billion from analysts polled by LSEG. The company

Stocks making the biggest moves premarket: Alibaba, Applied Materials, Ulta Beauty and more Read More »

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China set to report retail sales and industrial production data for October

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BEIJING — China’s National Bureau of Statistics is scheduled Friday to release retail sales, industrial production and fixed-asset investment data for October. Retail sales are expected to have picked up to 3.8% year-on-year growth, according to analysts polled by Reuters, after rising by 3.2% in September. Industrial production was forecast to have risen by 5.6%,

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Stocks making the biggest moves after hours: Domino's Pizza, Ulta, Applied Materials, Palantir and more

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Check out the companies making headlines in after-hours trading: Domino’s Pizza , Ulta Beauty — Shares surged about 8% after Berkshire Hathaway announced a new stake in the pizza chain in a regulatory filing. The Warren Buffett-led firm bought more than 1.2 million shares, making the stake worth around $550 million at the end of

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Powell says the Fed doesn't need to be 'in a hurry' to reduce interest rates

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Federal Reserve Chairman Jerome Powell said Thursday that strong U.S. economic growth will allow policymakers to take their time in deciding how far and how fast to lower interest rates. The economy is not sending any signals that we need to be in a hurry to lower rates,” Powell said in remarks for a speech

Powell says the Fed doesn't need to be 'in a hurry' to reduce interest rates Read More »

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Watch Fed Chair Powell speak live to business leaders in the Dallas area

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[The stream is slated to start at 3 p.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell speaks Thursday to business leaders in the Dallas-Fort Worth area on monetary policy. Powell is delivering a speech followed by a Q-and-A session. The appearance

Watch Fed Chair Powell speak live to business leaders in the Dallas area Read More »

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Stocks making the biggest moves midday: Tapestry, Capri, Disney and more

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Check out the companies making headlines in midday trading: Disney — The media stock popped 7% on stronger-than-expected earnings and guidance, aided by growth in its streaming business. The company said it expects high-single-digit adjusted earnings growth in fiscal 2025. Capri , Tapestry — Both luxury apparel stocks rose after the companies called off their

Stocks making the biggest moves midday: Tapestry, Capri, Disney and more Read More »

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