Deutsche Bank names the stock that'll be the 'last man standing' in autonomous driving – CNBC
Deutsche Bank says Israeli-based self-driving technology company Mobileye is becoming the “last man standing” in the race to develop self-driving cars. The investment bank says Mobileye's affordable, modular approach to advanced driver assistance systems (ADAS) compares favorably with competitors struggling with the complexity and high cost of developing truly self-driving “robotaxis.” He said that it […]
Stock futures are little changed after Nasdaq falls for fourth straight day: Live updates – CNBC
15 minutes ago December ADP Private Payroll Report to be released on Thursday The December ADP private payroll report, released Thursday morning, is expected to show companies added 130,000 employees last month, according to a survey of economists conducted by Dow Jones. This is an increase from the previous month's 103,000. The report is scheduled […]
Bitcoin drops more than 5%, giving back all of its new year gains as traders stay on ETF watch – CNBC
The decline comes after the Nasdaq suffered its worst day since October as traders exited tech stocks after they led gains in 2023. Stocks fell Wednesday, but bond yields rose. “TradFi assets stumbled at the gate in 2024, which may have contributed to increased risk aversion,” said Zach Pandle, director of research at Grayscale Investments. […]
Gloomy sentiment continues with European markets heading for a negative open – CNBC
22 minutes ago European stock markets start mixed, then turn higher European stock markets opened on a calm note, with the regional Stoxx 600 index opening flat but up 0.2% by 8:20 a.m. London time. Sectors remained mixed, with healthcare stocks gaining 1.04%, while technology and mining stocks both fell about 0.6%. Britain's FTSE 100 […]
Stock futures are little changed after Nasdaq registers worst day since October: Live updates – CNBC
1 hour ago Office Depot/OfficeMax parent falls post-market as activist steps down from board ODP Corporation, the parent company of Office Depot and OfficeMax, fell 5% post-market after its January 2021 deal with hedge fund HG Vola. Expires and HG partner Marcus Dunlop resigns from ODP board Effective December 31, 2023. HG Vora, which owns […]
Apple shares slip 3% after Barclays downgrade – CNBC
Apple CEO Tim Cook attends the China Development Forum (CDF) 2018 annual session held at the Diaoyutai State Guesthouse in Beijing, China, on March 26, 2018. Jason Lee | Reuters Apple shares fell more than 3% in Tuesday morning trading after Barclays downgraded the stock to underweight and lowered its price target slightly to $160 […]
Magnificent 7 member gets downgraded to start 2024 as Barclays lowers rating on Apple – CNBC
Barclays believes investors need to exit Apple, one of last year's winners, as 2024 begins. The bank lowered its rating on the tech giant from equal weight to underweight. The company also lowered its price target for the stock from $161 to $160. The new forecast suggests a downside of around 17% over the next […]
Stock futures are little changed as market kicks off new year's trading after a strong 2023: Live updates – CNBC
2 hours ago Dutch government partially cancels ASML's license to export chip equipment to China Dutch government has partially revoked semiconductor equipment maker ASML's license to export two systems used to make advanced chips to China. “The license to ship NXT:2050i and NXT:2100i lithography systems in 2023 was recently partially revoked by the Dutch government, […]
Time to invest in alternative assets? The pros aren't so sure – CNBC
From family offices to financial advisors, interest in alternative assets appears to be on the rise, but there seems to be controversy over whether individual investors should invest in them. Caesar Sengupta, CEO of financial services firm Alta Finance, argues that there is “incredible value in the private market” and that this asset should not […]
Here's where to invest $50,000 in the new year, according to the pros – CNBC
Wall Street just finished a strong year, and investors are wondering what the next step is to have a successful 2024. The S&P 500 rose 24% in 2023, ending the year just shy of its all-time high. The Nasdaq Composite Index rose 43%, its best performance since 2020. The Dow Jones Industrial Average rose 13.7% […]